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BUS. ADM
LIBRARY
Reg. U. S. Pat. Office
Volume
168
Number 4717
New
General
RAILROAD
'Adam Hat Stores, Inc.—Sales
Increased 3.8%—
1948
$7,787,663
167,
1947
$7,502,184
In
fhe
Pressed
Steel
announcement
purchased
Car
on
Co..
July
;'■£ and John J. Snyder, President
SLeel
Car
Co.
The
financial
and Chairman
it
to
concentrate
and
fully
'
appliance
of
is
the
division
board
understood
equipment
upon
by
electric
range
certain
manufacturing
inventories and
trade
The stockholders
Pressed
of
to
be
Pressed
of
the
in
for
new
the
Steel
share for each
be
and
railroad
Aireon
The
Manufacturing Corp.—Ruling
Federal
,
Judge
Arthur
reorganization of
J.
At
the
plan
in
submitted
as
will
the
Plan Expect-
on
the
on
after
8,
Tiie
the
object to the plan.
w
-
^The plan
down
of
calls
debt
Finance
that
District
trustees
Corp.,
dividend
for
Court.
was
Judge
for
"worthy
of
the
con¬
and
did
all
not
creation
of
a
new
all
of
corporation,
stockholders of
drastic
a
that
June
Mr.
scale-
present
com-
the
and
Rock Island" & Pacific RR. Co.
the
voting trust agreement, after
212,253 voting trust
and
deposited
which
held
it
fehares
31,800
8.200
shares
certificates
for common stock.
The-'corpora-voting ^ trust- certificates, "for preferred stock,
scrip for echimon, 1.44 scrip for preferred and
$5,512,600 general
mortgage 4'/g' >■ income bonds due 2019 as well as $57.59
scrip for the
'
1.54
167,
p.
given
the
right to
(no
pari
on
the
2681.
stock,
to
of
Other
_
declared
payable
dividend
a
Aug.
this
on
convertible
30
to
of
60
cents
holders
of
record
issue since December,
distributions
were
per
New
York
Gross
29.
Int.
50
declared,
the
on
The
First
with
Boston
with
the
on
Int.
$2.50
the
p.
9 Months Encled
Profit after
in
the
the
Corp.
East
He
will
and
will
Divs.
Subs.)^Earnings~H-
—'
Federal income taxes
: $152,538
;
tax
Net
Allentown
Bridge Co.—Bond Issue Approved—The
June 30 issued an order
permitting the company
on
credit—
'
,MV
436,271
627,952
j to borrow from
| July 1, 1948.
will" be
and
annum
the
end
is
to
bear
evidenced
interest
by
each
six
months
of $55,000
the
at
promissory
$150,000, $5,000 principal
of
For
or
^0 The proposed loan
principal of
Earnings
the Home Life Insurance Co.
$150,000 on
in
notes
amount
following July
rate
the
thereof
1,
1948,
of
to
and
4 7t
per
the
165,
$566,513
464,010
quarter
$0.38
ended
March
share; compared
$1.60
pfd.
1948,
the
or
net
profit,
$0.32 per
the
of
proceeds
of
% —V. 167,
—i
balance
Chemical
9 Months Ended—
*
Operating
Profit
Apr. 4, '46
$6,079,610
$5,615,465
$4,243,922
4,461,268
1,570,000
4,203,464
1,530,000
3,039,041
1,450,000
charges
Provision for contingencies
-
150.000
•
'
profit
'*■
Capital
.•
Earnings
per
tric
$2,891,26*8
$2,523,464
$1,589,041
627,969
627,969
$4.60
$4.02
outstanding
share—
American Business Shares,
Inc.—4V2%
A
quarterly dividend of 4Va
able
*
Aug.
paid
-
on
20
to
Feb.
20
Payments
Aug.
:
20,
in
4'-2
cents.—V.
stockholders
and
May
1947
p.
of
20,
were
as
cents
166,
cents
each;
41.
per
record
share
has
Aug.
5.
'
$2.53
Distribution—
been
declared
like
A
pay-
amount
was
last.
follows:
and
Nov.
Feb.
20,
4
20,
4 cents; May 20 and
cents, plus a special of 11
Co.—Canada Gets Food Testing Device
| on Royalty-Free Basis—
J.
:
A.
Stewart,
announced
>
canners
that
of
Vice-President
'this
Canada
royalties.
t'lV. The new
«
exclusive
i
canneries
The
the
jig;
measures
a
make
Canadian
the
167,
on
Thirty-five dc luxe
placed in service
and
with
the
ACF
Texas
of
standards
the
cars
principal
Pacific
a
peas
of
to
15
the
Federal
Ry.
common
built
trains
Part
of
by
of
a
this
the
company
Missouri
69-car
order
have
Pacific
placed
liquidating dividend of $40 a shire was paid June 21 on
stock.
An initial
liquidating dividend of $60 a share was
*
.
'
.
<
Dr463
pfd. stock
60,017
60,017
720,209
912,309
1,462,277
1,449,211
share
for
'*i
com-
system earnings for
167,
common
2569.
p.
Three
Months
814,353
•
19,082,499-'16,714,103
$4.26
$3.72
7
-
Ended
March
Subs.)—Earns.
31—
1948
profit
1947
*$3,222
$427,508
172,078
investments, less amortization.
162,762
$168,856
.;;
$590,270
w
$410,270
12,000
».
Curb
$8,193,814i
♦Loss.
180,000
■
tAfter
unappropriated,
depreciation of
ASSETS—Cash
$128,250;
trade
Exchange
in
accounts
accounts
March
$26,526
BALANCE
banks
and
receivable
receivable,
in
SHEET,
hand,
on
(U.
S.
1948
Exchange
Exchange..—
purchase of
cated
$2,724,219;
The Course of Bank Clearings.......
Dividends Declared and Payable
to
in
banks
to
the
credit
Steamship
three
'l
;
'
other
receiv¬
depreciation
have
and
of
been
received
steamer
$1,701,092;
of
U.
S.
joint
Co.,
vessels
Maritime
the
from
U.
:
'
Commission
$15,836,591;
account,
requisitioned
S.
for
and
cost
which no
Government,- $14,433;
title,
for
equipment
(after
reserve
for
depreciation of
shore plant (after reserve for depreciation of
—
St. Louis Listed and Unlisted Securities
43
——
44
Edward D. Jones & Co.
Established
1871
300 North 4th St., St. Louis 2, Missouri
.
-
Federal Reserve System"
accounts
shares
less
Reserve "Banks^'-^l^-^LiI—^
Condition Statement of Member Banks of
'■
receivable,
$2,221,750;
miscellaneous
1947..
refund
American-Hawaiian
Foreign Exchange Rates
.#-44'
Combined Condition Statement of Federal
'
notes
Government),
$3,819,640;
in
1948
awards
deposited
General Corporation & Investment News-Cover
State and City Bond Offerings
49
Redemption Calls and Sinking Fund Notices_44
,■
$21,834
31,
MARCH
'307,200
of canital stock of American President
Lines, Ltd.,
due of Federal taxes for prior years, $45,926; mixed
aggregating $2,410,507 (less reserve),' $1; assets allo¬
insurance fund,
$1,150,000; vessel replacement fund assets,
$250,000;
claims
vessels
■'
and
,
$6,868,673
$2,282,979;
inventory of merchandise and supplies
(at cost),
$107,933; investments in stocks of other companies (at or below, cost),
$4,510,387; deposit with U. S. Maritime Commission on proposal for
$1,133,204),
''
$7,898,089
31__
able,
Toronto Stock Exchange—Curb Section..
'
6,765,603
$7,175,873
295,725
surplus,
CONSOLIDATED
St. Louis Stock Exchange.^..
San Francisco Stock Exchange
Stock
$156,856
surplus, unappropriated, Jan. 1——8,036,958
Earned
Philadelphia Stock Exchange...
Pittsburgh Stock Exchange..
Montreal
profit
Dividends paid
Detroit Stock Exchange.
Los Angeles Stock Exchange
4
the
559,572
44,970
Miscellaneous Features
(The) American Co. (Del.), Washington, D.
C.—Pays
Second Liquidating Dividend—?
' J;
fiaid' in April.
371,272
tax
526,650
954,535
'
Total
aids
during
in Service—
by
second
19,371,603
601,548
39,333
earned
Earned
thereby
control
,
A
21,885,442
38,597
income
an
Net
Stock and Bond Averages.———.
Ma*
.
-
Exchange..
non-
of
these two railroads, they include
dining and dininglounge cars, lounge-grill coaches, de luxe
reclining seat coaches and
coach-dormitory cars.
On the assembly lines at ACF's St.
Charles
C Mo.) plant are still more coaches, grill
coaches, lounge cars and
baggage-railway post office cars.—V, 167, p. 2462.
:
Exchange
Can's
Cauners
royalty-free,
and
1,586,696
42.979
Total profit before Federal income taxes
Provision for Federal taxes on income
Exchange....:
Over-the-Counter Markets
Transactions New York Stock Exchange
Transactions; New York Curb Exchange
payment
American
quality
1,661 539
51,296
taxes
gen.
misc. deducts..
Income from
Cincinnati Stock Exchange
Cleveland Stock Exchange
1917.
p.
passenger
on
&
firm,
'
and
and
tenders
tenderness
American Car & Foundry Co.—Cars
RR.
available
manufacture
"tenderometer,"
improved
process.—V.
been
-
,,
to
July
~
■
maintain
agreed
provides that a
Ontario, will
basis.
to
on
has
of Simcoe,
known as
machine
resAarch,
pea-testing device without
(
canning
of
income
tOperating
Chicago Stock Exchange....
Toronto
charge
patented
agreement
Ltd.,
testing-device
in
company
a
it
chinery
Stock
Montreal Stock
American Can
,
Curb
Elec¬
Co
American-Hawaiian Steamship Co. (&
•
New York Stock Exchange (Stocks)
New York Stock Exchange (Bonds)
Stock
stk.,
City
mon stock
Stock and Bond Quotations
New York
consol
com.
Total
—V.
Boston
1781.
p.
on
Atlantic
Consol.
Baltimore
inc.
.
627.969
—
shares
J: —V. 166,
Subs.)—
Apr. 3, *47
I Federal income taxes
Net
(&
Apr. 1, '48
profit
after
Co.
net
subs,
Divs.
In This Issue
the
Agricultural
cons.
income of>subs.__^
Bal.
p. '2765.
American
13,959.681
in¬
Total undistributed net
Divs.
-
|
16,997,564
16,267,938
spbs. .consol—
Int.
proposed loan together with other corporate
funds will be used by the
company to pay at maturity on July 1, 1948,
$163,500
principal amount of its first mortgage 5 7c
gold bonds.
20,244,250
Inc; of Am. Gas & Elec.;
•
The
*
subs.
1,516,888
816.000
Undistributed net inc. of
Atlantic City Elec. Co.
4
'yiViV■ .y > U/
Exps.
at
principal amount to mature July 1, 1958. The notes are to
be secured by a first
mortgage on all the property of the company
and
will be guaranteed as to
payment of principal and interest by
Lehigh Valley Transit Co.
net
Consolidated—•
1947.
66.
p.
1,594,323
$65,302
was
share in
aggregate
mature
of
comstocks
'
Misc.
31,
debt
stock
Undistributed
$1.22
with $145,778
;
for
American Gas and Elec¬
tric
Co.
and
subs.
464.010
share—
per
$0.14 per
—V.
$740,823
464.010
250,346
:
on
come
'-194$
-
14,349 ;■*.? 469,521
construc¬
Undistributed
'
189,060
outstanding.
to
earned for
be
$175,471
shares
'i>
■•V'V 38,303
454,826 I*
plant
adjustm't-
mon stock
Divs. on common
$1,177,094 i $1,194,«65
166,125
profit
Capital
26,293,117
30,821,550
6,818
electric
chgs.
-
maintain
*V*1*'V
7
*'■
46,681
66,175
(Cr)
Special
company,
March1847 -V'*r
charges—
Prior years income
f
-
(net)__
retired
1989.
American Molasses €©*(<£?
l
2,290,332
'
and
*
$
v
income
chgs.
tion
$2
the
V'v'^^i
•
•;>
Other int. and deducts..
$3
167, p. 2357.
affiliated
representative
been
166,
i/.i>**-t'j""
WiMr
long-term debt-
on
Amort. of
all
City.
has
2,718,951
sales
acquisition
also
July 21: 75 cents
stock; 62'/2 cents on
stock; and 50 cents
became
with
company's financial
in
income
work
other income
share
July
1946, when
record
preferred
recently
associated
LeTourneau
964,538
Operating
•
1948—12 Mos.—1947
,
14
Secretary.
formerly
845,232
taxes
Merchandise
Corp.—Resumes Common Dividend
stockholders of
who
1,147,299
tax
one
Proceeds
-
;*V.-
9,704,307 133,532.956 109,461,61
3,739,507
54,806,655
41,564,61
804,350
10,851,948 $ 8,486,86
1,033,437
13,358,763
12,186,82
1,023,984
12,410.129
11,511,40
812.697
11,283,911
9,418,78
1,012,300
income
From
SEC
11,532.420
_
4,844,100
jobbing
paid.
1
basis
Rights expire July 21.
capital.—V. 167, p. 2246.
working
Federal
subscribe
company for over 10 years and
for several years has held the
position of Controller of one of the
company's subsidiaries.
He
will
be located In
the
executive offices
in St. Louis,
Mo.—V.
vttioa: ;t)lsq 'fhrlrtv49.936
bonds.—V.
are
$
..
revenues—_
Depreciation
»
July
011
Romaine,
Mr.
to the Securities and
Exchange, Com¬
corporation bought 8,200 common shares of
the
Chicago,
under
Operating
Operation
company en June 28 announced the appointment of
Cigourney
Romaine
as
Assistant
Treasurer
and* Albert
L.
LeTourneau
as
B.
Corp.—Buys Rock Island SfiQck^.-
in
$
Subsidiaries Consol.:
Johnston, Thornton W.
three shares held.
first payment
series
Assistant
was
the
1948—Month—1947
preferred
dividends.
accrued
M.
Period End. Apr. 30—
American Investment Co. of Illinois—New Asst.
Treas.
.> This corporation has
reported
mission
cumulative
American Gas & Electric Co. (& Subs.)—Earnings—
Liberty
Mellott
offices
*
%7<
dividend series convertible
preferred
dividend series convertible
preferred stock.—V.
and
2461.
p.
All" g/i^ ja
19
stock
following regular quarterly
•
and. elimination
167,
plan
principal*creditor,
represented
at
the
hearing,
were
-
pany.—V.
retained
the
at
The
Reconstruction
banks
final
the Securities
sideration."
participating
The
June
common
increase
common
was
payable Sept.
plan.
Federal
by
rule
Sept.
on
studied
hearing of creditors
a
$aid
Mellott
this corporation
to
directors
This is the
\
Exchange Commission has
.
used
the
on
2129.
p.
! ed Sept. 8—
.
paid
was
share plus $2.08
a
record
of
American General
Corp. all of the
Pressed
Steel,
including
167,
of
shares
will
cars
22,738
Admiral
facilities' of
names.—V.
Copy
a
MISCELLANEOUS
-
Maintenance
cents
*
Shareholders
seen.
American Discount Go. of Ga.—Stockholders'
Rights—
•
production
according to Mr. Snyder.
acquisition makes available to
This
is
dividend
of
equipment,
*
$40
liquidated at $100
was
will
consideration
neighborhood of $2,500,000.
Disposal of this machinery
enable
domestic
at
Hegewisch, 111., according to an
by Ross D. Siragusa, President of Admiral,
10
dividend
the
Owen
the
Inc.,
another
after
The liquidating committee includes James
and Leon Tobriner.—V.
1G7, p. 1689.
Admiral Corp.—Expansion—
v^The corporation has
still
Bank, Washington, D. C.
February, this year, - the outstanding
stock
,,,,
of
certificates
INSURANCE
-
National
1141.
p.
INDUSTRIAL
-
Possibility
their
^ Months Ended June 30—
Price 75 Cents
Corporation and ilxivestment News
PUBLIC UTILITY
-
Sales
V.
York, N. Y,, Monday, July 19, 1948
'
Members
New York Stock
w
—44
St.
Louis Stock
Chicago Stock Exch.
i
-
.
'
■
Chicago Bd. of Trade
New York Curb Exchange Associate
-
Phone
CEntral 7600
Exchange
Exchange
-
Bell Teletype
6L 893
„
2
other items,
and
insurance
unexpired
$211,040;
$2)20,607),
under
I
due
amount sufficient to exhaust the sum of $5,000
exceeding the redemption plrice, plus accrued interest
to
1952,
not
prices
July
$1,593,214; reserve for repairs, $559,371; reserve for
cargo claims, $115,807;-reserve for capital gains tax on vessel replace¬
ment
fund deposits, $3,754,938;
reserve for contingencies, $445,000;
reserve
for insurance, $1,150,000; capital stock ($10 par), $5,000,000;
appropriated surplus for replacements of vessels, $12,442,848; unappro¬
priated surplus, $7,898,089; treasury stock (107,700 shares at cost),,.
Dr$2,473,316; total $36,176,209,
15,
1948.
the
of
condition
financial
NOTES—The
will
company
be
Funds,
Co.,
Rubber
Armstrong
167, p.
July 8 a letter of notification was filed Mth the SEC for 1,'900
-Sh&res of 4<!'j %
cumulative > convertible
preferred stock
($50 par),
to toe sold at
$44 each for Frederick Machlin, Executive Vice-Presi¬
affected
and
dent
The
SEC
(no
of
account
stock
the
to
is
part
a
they are
Ashland.
general funds and made available for further expansion of its
A. G. Becker & Co., Inc., heads the underwriting (syndica te.
Ended March 31—
.
-
1948
$2,917,757
$514,826
724,887
1,594,312
257,413
___!
income
Net
Earned
$657,535
585,450
share
per
$1,323,445
585,450
$257,413
584,950
$0.89
shares
$1.99
$0.17
.
American Light & Traction Co.
1-2 Months Ended
.
Operation
Maintenance
Depreciation
1
.1
i
-
taxes—i
Income
26,494,646
3,856,980
:—
2,834,749
taxes
4,211,331
2,806, i35
4,100,013
^
:—
83,676
713,297
117,802
2,035,196
:
taxes
Federal income
.
wen
over
2,474,697
276,161
166,495
12,041,176
035,343
845,127
3,953,709
264,500
3,196,466
348,656
14,392,508
1,678,464
13,052,072
2,315,639
4,218,209
3,545,122
80,722
16,070,972
15,367,711
85,3(5
352,807
635,232
535,948
Net
the
the
lies
the
a
of
Ohio
fiscal
and
River
actively
deductionschgs.
int.
between
to
prolific
"the
oil
field
income
(net)
Operating
$3,978,110
545,526
—
_
income
markets
from
traded
ended
the
greater
Pittsburgh
for
deductions
Income
$4,t>23,oj6
z,2au,o38
income
_i
sales
31.
of
1948.
the
March
net
the
income
part
of subsidiaries-.
income
Net
$5,030,0'00.
to
$10
$4,083,264
330,000
332,709
1,721,727
4,626,728
pi'd.
on
$2.87
The
.
with
new
the
usual
was
of
-V.
(Traction Co.:
Light &
American
$191,371
.
$1,721,727
1,556,804
56,581
Total
income
Expenses and
$4,626,728
$3,335,112
common
on
—
$6,232,280
1,547,046
58,506
619,402
$2,102,595
net income
Consolidated
Divs.
—
.'—
stock of Am.- Lt. & Traetion Go.
pfd.
on
Its
$3,774,499
pxo\ 1:siong
start at $28
directors
and
of
Light Co.—Weekly Output—
8, 1948, the System inputs of subsidiaries
of this company amounted to 222,325,000 kwh., an increase of 17,347,000
kwh., or 8.46%, over the corresponding week of last year.—V.; 168,
American Power &
ended July
week
the
For
145.
Co.—Conversion of
Debentures—
in
company
a
~
principal amount of debentures surrendered for
conversion, $113,393,000 of 10-year 2%%
convertible debentures, due
Dec. 15, 1957, were turned in, and 1,133,935 shares of capital stock
mission.
the
$121,590,600
issued.
This
was
included
also
the
of
there
30,
June
increase
terms
company's
$244,139,100
shares
567
employees
this
of
issue
employees under (the
purchase plan.
issued to
stock
Cleo
F.
Vice-President
Craig,
in
charge
of
the
department
of
relations, has been placed in charge of this company's
department
of
operation
and
engineering, succeeding William
H.
Harrison, whose resignation from A. T. & T. to become President of
the
International
Telephone & Telegraph Corp.
was
recently an¬
personnel
Bolenius,
who has been President of the Wisconsin
has been elected A. T. & T. Co. Vice-President
of
the' personnel relations department,
succeeding Mr.
( William
C.
Telephone
Company,
charge
oper.
tax
Both
Bolenius
Mr.
and
12.
Mr.
Craig
-
will
assume
their new duties
on
Period End. May
Operating
31—
revenues
Uncollectible
oper.
rev._
Operating revenues.._
Operating
expenses
Operating taxes
Net
common.
degrees
to
mini¬
a
of
cents
30
Santa
Fe
Fc
Ry
accruals
Olins, Boston (Mass.) attorney for the debtor
concern,
and William Silverman, Boston attorney for the creditors'
committee, are in charge of the distribution.
The above offer was the result of reeent negotiations between the
committee and the company's attorneys.
Unsecured claims amount to
$323,756.
("American Wool and Cotton Reporter.")
and
1948—5 Mos.—1947
$'
171,291 397
130,248^34
3,630.782
4.558,580
Dr502,518
Crl59,944
income,
4,975,885
3,237,099
20,836,081
2,601,045
18,093,250
oper.
after
income
charges
$19,020,639 $14,423,158 $95,707,718 $79,556,721
13,098,971
11,653,582
65,494,820
58,291,527
2,888,674
1,595,720
14,539,927
11,742,129
$3,032,994
752,351
$l",173,856
$15,672,971
$9,523,065
493,039 <49,768,166 444,685,921
ry.
oper.
15,594,233
income
—V.
167,
23,548,688
23,763,662
0504,809 01,364,337
June 28 announced it will acquire, through an
Foote Co., Inc., Nunda, N. Y., manufaciurcis of
equipment.
The firm wil: do operated under its present management as a wholly
owned subsidiary
W. P. Witherow, President, said.
The Foote Co., in business for over 50 years, makes concerte paving
mixers,
black
top .paving
machines and mixers for asphalt road
maintenance.
It also designs and builds special machinery.—V. 167,
The
p.
2785.
Walter
S.
Comptroller
Marder,
of
the
Daystrom
Corp..
and
Ole^n
been General Auditor for ATF Inc.,
company.—V. 167,
During April,
'
from
Gross
Period End. June 30—
1948—Month—1947
$752,780
$528,940
Net
from
Net
ry.
railway
from
Net
ry.
24,349
10,075
993,306
805,193
578.152
working
473,857
339,229
162,831
195,106
139,654
43,900
Company was incorporated Oct. 6,
1944 in South Carolina, with
authorized caDital stock of $300,000.
In December,. 1946 the company
income
brokers
sold
L
2353.
p.
1948
1947
1946
1945
$401,562
$349,824
$292,549
$499,185
73,765
56,497
♦12,9^4
187,237
.
from
Net
Net
ry.
railway
railway,!,,,,
from
17,221
Net
from
Net
ry.
7,123
♦9,535
railway
1,564 737
167,
p.
At
meeting held
on
President
a
the
Under-Secrefcarv
board,
of
of
this
continues
153,806
53.260
--'60,995'
12,062
749.342
..
156,853
company
a
as
to
15, A. Lee Wiggins of Hartsville, S. C„
American Bankers Association and. recently
Chairman
of
the
executive
revenues
expenses
wipfc
1948—5 Mos—1.947
1948—Month—1947
9,983,571
Bohack Co,—Plans to Recapitalize—
conting. chgs.
1,807,576
The
to
$26,604
$5,202,323
$2,979,573
315,962
2,815,096
7,758
21,416
18,547
1,636,354
<1,672,660
328,217
331,779)
$571,419
$3,029
12
also calls for increasing
giving representation .on
167, p. 2785.
• '
3,452,564
Schmidt
!'
'
? '
•
-
said
the
had
plan
received the
'
informal approval of
security
r.i
:.v
Bond Stores,
...
—V.
•
.
f.;. •
167; p. 2252.
.
•
,
5
,
j<
m
j. u ji j
Inc.—June Sales Increased 2.8%—
1948—Month—1947
$6,595,331
Sale?
i
:
the board of directors from nine
the board to the common (Stock¬
holders of each class of stock.
It was proposed,* he
stated
to pave the way for resumption of dividends on all classes of
Stock.—V. 167, p. 2359.
large
$6,359,643' $4,740,930
i
.
.
undisturbed under the plan.
plan
and
Period End. June 30—
.
..
cash per share, a total of
holders.
1,515,639
$556,802
350,652
,
$130,500.
The cash payments would
out dividend arrears on all classes of stock. The present common
Mr.
213,039
7,818
income(0)__i__
oper.
deductions
___
an
on
stock is
$62,340,661 $57,626,781
49,230,762
48,231,569
9,748,097
<4,900,000
890,000
6,100,000
406,884
rents
vote
$87 in
$12,047,257 $10,787,740
1,100,000
income-.
as
the latter part of
with premiums on
.
committee.
Equip, and joint facility
Net
in
beginning
Henry
-
Taxes
-V.
business, mainly
is- engaged in the insurance
and automobile risks.
of fire
small
a special stockholders' meeting for July 28
a
recapitalization plan.
'.
Schmidt, President,. said the plan provides that holders of
the 7%
first preferred stock would receive $7.50 in cash per sharev a
total of $225,000, and, in addition, 1 4/10 shares of a new 5'/a % prior
cumulative preferred stock for each share of present first' preferred
stock held.
•
'
.
'
\: '-.m,
Holders of the 1,500 shares of second preferred stock would: receive
Julv
company;
Period End. May 31—
income
stock of
authorized capital
with
charter
directors have called
The
EARNINGS FOR MAY AND FIRST FIVE MONTHS
Operating
Operating
Carolina
1944 the company's
business
has
grown
rapidlv,
business written in
1947 reaching a total slightly in excess of $600,000.
Fo.< the first four
•months of
1948. the company reports premium
income of $325,888,
with present indications that total premiums for the whole year should
"reach close to $1,000,000.—V.
167, p. 1583.
the
Treasury
in
Washington,
was
reelected
a
and was also elected Chairman of the
effective Sept. 1, 1948, to succeed Frederick B. Adams.
Adams, a director since 1914 and Chairman for the past four
of
used for additional
2462.
.
North
a
(H. C.)
former
the sale of this stock are to .be
and
From
2,313.626
income,,,
oper.
♦Deficit.—V.
more
capital and general corporate purposes.
underwriter
36,873
1,652,492
89,664
railway
-
—V. 167, P. 2569.
C.,
The.
1,937.959
383,437
income:.,,
oper.
from
Gross
or
one
proceeds of
The home office of the company is lerateci in Shelby,
the company is licensed in the States of North Carolina
and South Cafo'.ma.' The company now has 158 agents in these States.
Atlanta & West Point RR.—Earnings
May—
Gross
at $16.75 per share.
Any unsold
selected brokers at $16 per share.
agents)
$1,000,000.
N.
Fixed and
$2,805,062
(as
to
The
railway
oper. income,
167,
public 14,000 shares
N. C., and selected
shares may be
offered to the
Corp., Charlotte,
June
37,730
obtained
—V.
in
Securities
$112,700
61,397
railway..,
from
Net
early
Interstate
$150,440
118,629
48,119
From Jan. 1—
Gross
company
$232,434
;
railway
oper.
The
through
1948—5 Mos.—1947
$3,548,871
17,600
purchased.
were
1948
1947
1948
Offer'd
the company offered to its stockholders the right
shares of capital stock .(par $10) at $16 per
on or before April 30, 1948.
A total of 3,440 shares
1948
for
share, for payment
Misc..
Salps
subscribe
to
Atlanta & St. Andrews Bay Ry.—EarningsMay
Co., Shelby, N. C.—Stock
Blue Ridge Insurance
Elizabeth, N. J., Daystrom's pa.rent
p; 2025.
2252.
p.
N. Y., furniture manufacturer, has been appointed Sales
Manager, it was announced by Paul M. Dollard, President.
He. is succeeded
as
Comptroller by Glenwood O. Evans, who has
Other
Anger man Co., Inc.—June Sales Up 42.3%—
on
company
read-building
2785.
p.
.
367,
Co.—Acquisition—
Blaw-Knox
18,643,738
4,370.009
Harry
exchange of stock
Net
years,
1948—Month—1947
1948—5 Mos.—1947
$19,079,404 $14,476,135 $96,030,365 $79,786,302
58,765
r
52,977
322,647
( 229,581
shortlv.
made
credits,
or
fu'l
in
Ac¬
99% have accepted the 40%
distribution is expected to be
general unsecured creditors,
settlement of claims and
the
Of
program.
Allentown, R. I.—Creditors
Offer—
cept 40%
Ry.)
$
$
35,360,315 199,514,921
27,724,580 155,634,961
41,536,980
Co.—Bonds Offered—City
improvement
Belleville Woolen Co.,
offer
&
2569.
p.
company's
for
and
5s
dividend
Ry.—System Earnings--
Santa
-32,427,795
exps
Net
Mr.
,
EARNINGS FOR MAY AND FIRST FIVE MONTHS
—V.
the
by
1343—Month—1947
revenues
debits
director
Craig..
Net
&
167,
Securities Co. of
the
; Call
with
Atlantic Coast Line RR.—New Chairman Elected—
nounced.
July
of
and
From Jan. 1-r-
Changes in Personnel—
in
1958,
.
Indianapolis on July 8 offered (to resi¬
dents of Indiana only) $200,000 first mortgage sinking
fund 4V2 % sinking fund bonds, due 1973, at par.
Proceeds
will be
used to, refund outstanding $84,000 1st mtge.
share for share,
15,
.
.
,
one
.
outstanding.
Also. $8,197,100 of 15-year 2% % convertible debentures, due Dec. 15,
1961, were surrendered and 81,971 shares of capital stock issued.
On
June 30,-1948,
the company had 22,704,464 shares of capital stock
outstanding, compared with 21,487,982 outstanding on Dec. 31,. 1947.
of
As
Colorado
plan.
offering.—V.
out¬
Friendship,
report tcf the SEC, states that it realized net
cash proceeds of approximately $49,350,000, and in addition $121,590,6U0 principal amount of
debentures were surrendered for conversion,
in
connection with issuance of
1,216,482 snares of $100 par value
capital stock during the first half of 1943.
Approximately $49,440,000, representing the excess of the net pro¬
ceeds froln sale of this capital stock
(before deducting capital Istock
expense)
ever the par .value thereof,
was credited to premium on
capital stock in accordance with the uniform system of accounts for
telephone companies prescribed by the Federal Communications Com¬
The
M/vere
Gulf,
31—
would have
outstanding
shares
the author¬
to 1,250,000
The number
been reduced proportionately Ujgder
Batesville (Ind.) Telephone
common,
quarterly
a
existing capital structure.
stock,
such
on
net
be
to
maintain its
will
had in¬
additional
shares of the new $2 par value capital stock.
The basis of such offer¬
ing has not yet been determined but it is likely the offering will be
share of
itew stock for every five shares held at the time of
ATF, Inc.—Changes in Personnel of-Unit—
& Telegraph
American Telephone
Of
stock
on
Upon the amendment becoming effective the corporation
tended to offer to stockholders the right to subscribe to
month
six
Special Meeting—
Steel Corp.—Cancels
corporation had on July 9 proposed a reduction in
of shares of capital stock from 2,500,000
change in the par value from $1 To $2 a snare.
a
the
ended
indicated
the
requirements
declining
-S
oper.
Other
$7,551,416
number
ized
outstanding.
share,
ner
•
Ry.
Ry.
167, p. 245.
♦Deficit.—V.
be
July, 9 .declared
on.
Period End. May
804,486
$4,155,331
2.165,955
1,230,130
2786.
directors
The
$1,768,000.
$27
Ry.
stock
common
preferred
running to July
against
dilution
Panhandle
4,578,985
1,955,022
2,297.24 >
taxes
income
P.
company
Allied
months
six
with
dividend
to
the
for
Atchison Topeka & Santa Fe
„
applicable to
Balance
for
equivalent,
convertible
common
(Includes
income
of
privilege
$5,455,153
taxes
corporate
Net
$4,402,901
_
July 15 canceled the call for a special meeting
of stockholders scheduled for July 23.
The special meeting of stock¬
holders
was
to
consider plan for changing the par value of the
stock
and
reducing, the number of authorized capital shares.
The
per share on the common stock, -payable Sept. 15 to holders of record
(Aug. 30.
This comp^fes with 25 cents per share previously paid each
(quarter.—V. 168, p. 146.
777,122
$2,715,710
2,907,081
804,486
The
4,021,420
Unemployment Ins.
RR.
Barium
Increases Quarterly Dividend Payment—
i
t
stock of subsidiaries—,—
Dividends from The Detroit Edison Co,——
Other income
-1
—
Dividends
♦$876,173
subsidiaries
of
income
4,878,983
Railroad Retirement Act—
Act
tax .a/c
a/c
167,
The
first quarter -of
$1,089,247. Book
$49,000,000,
is
preferred is to be convertible into
to
are
of
companies
latter
preferred
of
conversion
protective
prices
mum
Undistributed
after
share
per
two
The
share
per
and,
standing,
$2,243,098
—
stocks of subsids. paid to public
Divs.
on
common
stocks of subsids. paid to
American Light & Traction Co
—
Divs.
1,220,277
(
Federal
Its
of
years.
income
1948.
31,
net
approximately
were
of
to
3,227,367
1,962,264
Total
the
of
period,
z,-2it>,oDJ
7,230,169
3,175,479
funded
on
♦Include:
$9,874,000
Combined
ipb.zyu.yj. I
7,295,973
644,364
3,655,172
int.
in
Evansville.
to
number. of
a
with
reported
year, .its
income
Gross
145,121
1,454,638
635,026
-_
income
Net
investment
90%
March
123,545
1,463,640
debt-
debt
at March 31, 1948, has been built up from an
of $30,000. The business is privately owned, more
oustanding
stock
being held by
the
founders,
Messrs.. W.. W. Vandeveer and F. R. Newman.
-
$5,865,923
.432,994
than
other
—
Conting.
oil
north
the
33,734
j_
funded
on
debt
of potentially
acres
815,576
Fixed interest on funded
.
Other
income
Total
Lxciso
large
$40,000,000,
months
three
current
than
_____
Fixed
Tax
directly
and
exceeded
1947
original
income
million
and
industry
oil
the
been
have
in
value
income-
oper.
Misc.
supplies of crude oil v/ill augment those of Ashland
is processing approximately 35,000 barrels per day
through its refineries.
Ashland also is engaged in all
oil
securities
For
ry.
Other
excess
of
sales
ry.
to
interests.
This Neutral Zone,- fronting
a
south
the
to
along
3,703,288
:
and miscellaneous Federal
local,
State,
-State
36,749,962
,
into
added
3,037,044
13,147
203,369
currently
branches
9,207,103
therefor
and provisions
Allied
be
27,243,468
.
products
9,409,279
:
_
to
are
6,113,819
jointly owned Allied-Ashland Tankers, the companies
modern T-2 ocean-going tankers acquired early this
from the Maritime Commission.
crude
of
25,449,446
10,827,661
754,137
7,207,269
the
Ailied's
.
118,708,184
oper.
fr.
rev.
large,
two
year
$61,837,384 $54,330,106
purchased for resale
of
merger
stock
proper.
Through
144,lo7,630
25,124,228 129,196,085
organized
emoraces
territory
Arab'a
o
which
_
electricity
and
Gas
fields
own
Subsidiary companies:
Operating revenues
Operating expenses;
the
company's
of
company
Gulf,
oil
productive
1947
1948
Persian
tne
Kuwait
(& Subs.)—Earnings—
March 31—
sale
Kumwait Neutral Zone in .the Middle East.
on
depreciation and reserves for expenses and all other
charges, including provision of reserve for inventory and purchase
commitments amounting to $525,174 during 1948 and $1,277,801 during
1947.—V. 167, p. 742.
•
repairs,
♦After
with
connection
from
Cleveland
a
31,238,047 156,440,053
28,352,645
♦Ry. -tax accruals
—*
ren(s (net)—,
Jt. facility rents (net.)_
in 1925 to deal in fuel o'l,
is now active in all phases of the petroleum, industry.
It owns, and
operates the larspRt fnd"oendont fleet of tankers on„the Great Lakes
and is the principal independent fuel oil marketer in the Cleveland.
Canton, Youngstown. Pittsburgh steel producing areas.
It is refining
10,000 barrels per day of crude oil at its Canton, Ohio refinery and
operates marine terminals at various points on the Great Lakes and
the Ohio River.
Through subsidiary companies it is active in crude
oil purchasing and production, controlling crude oil supplies substan¬
tially in excess of the requirements of its own refinery.
Ashland and Allied participated in the formation of the American
Independent Oil Co. which recently has been awarded a concess'on
roverinar a", the o'l rights of the Sheik of Kuwait in the so-called
1946
-
$1,382,422
♦Operating profit
for income taxes
Reserved
Number of common
1947
.
Proceeds
Allied,
(& Subs.)—Earnings—
.
in
receive
to
35,559,914
Equip.
shares
the
of
-1947
revenues—._
oper.
Net
Allied Oil, Co., Inc., and
The latter are stockholders of
be offered for their account
Mos.'-
expenses-.-—
oper.
Ry.
1948—5
1948—Month—1947
Of
the
individuals.
Ry.
on
400,00C
pari.
MONTHS
FOR MAY AND FIRST FIVE
EARNINGS
168, p. 146.
July 14 filed a registration statement with the
shares of $1.20 cumulative convertible prererred
the total, 300,000 shares are ,-to be. sold for the
company and
100,000' shares -for the account-of two
company
covering
stock
obligation and
$5,060,000 of
trurt certificates, series Z, to be issued by the. Manufac¬
turers & Traders Trust Co., as trustee, and sold at 99.257 and accrued
dividends, in connection with the procurement of certain equipment.equipment
Period End. May 31—
amended.
^
~
511 provides that such deposits sire exempt from Federal
expended for the acquisition of ships in accordance with:
the Act; for tax purposes, the basis for depreciating vessels acquired
with such proceeds is that applicable to the vessels sold, lost, or re¬
quisitioned for title. To the extent such proceeds are not expended
in the
acquisition of ships as provided in the Act, a capital gains
tax
of 25'/c
of any gain, without interest, will be incurred and a
reserve' of $3,754,938 has been provided for such taxes.—V. 167, p. 245.
9 Months
""
Certificates
Ohio RR.—Equipment Trust
&
July 7 authorized the company to assume
guarantor, ii> respect -of
not exceeding
on
as
Ashland Oil & Refining Co.—Registers. With' SEC—
as
Section
American Hide & Leather Co.
liability,
Underwriter, F. Eberstadt & Co.,
the company.
of
Secretary
Inc., New York.—V.
1936,
1
shares.—
2785.'
The IC)C
income tax if
y.
shares by the purchase in June of 154,859
common
Baltimore
Conn.—Filed
Haven,
West
On
received on ves¬
recoveries with
to certain vessels, have been deposited in Construction Reserve
established under Section 511 of the Merchant Marine .Act,
respect
-
286(759
V.
to
•
its
of
-
.
also that it in¬
Corp. to a total
which holdings were 337,000 shares;
holdings in Consolidated Vultee Aircraft
after
Co.,
creased
With SEC—'
proceeds from the sale of vessels and amounts
lost or requisitioned
for title, including partial
The
•
Oil
at
an
corporation has reported to the Securities and Exchange Coinin June it purchased 23,330 comnfon shares of Barnsdall
mission that
voyages,
by the final disposition of the company's claims for additional com¬
pensation on lost and title requistioned vessels and on vessels used by
the Government under bareboat requisition; possible renegotiation
of'
war contracts;
final determination of tax liabilities; and the outcome
of tax refund claims presented by the company.
sels
Atlas Corp.—Increases Investment Holdings—
The
and Walnut
ioch
trustee,
Sts., Philadelphia, Pa., offered until 12 o'clock noon (EDSTi oil July 10.
1948 to receive tenders of mortgage leasehold 6% sinking fund bonds,
(estimated),
$824,666; subsidiary company's mortgage
serial notes
outstanding, $816,000; excess of revenue over disbursements on uncom¬
pleted
of Philadelphia,
Bank
National
First
The
Federal taxes on income
agreements, $88,844;
agency
Monday, July 19, 1948
FINANCIAL CHRONICLE
&
Appalachian Coal & Lumber Co.—Tenders—
$841,597;
premiums for past service under Employees' Retirement Plan, $330,371;
total, $36,176,209. V V
LIABILITIES—Accounts payable and accrued liabilities, $3,960,748;
advances
COMMERCIAL
THE
(246)
1948—6 Mos.—1947
$6,412,860 $38,416,641 $38,948,115
Volume 168
Number 4717
THE
COMMERCIAL
r-rra
:
Borilen
Co.—Adds Gruyere Cheese—
estimated
; The company has entered the domestic Gruyere
cheese field and
expects fill national distribution
by mid-Juiy, it was announced on
July 9.
The cheese is being made at
the company's Lakeshire-Many
plant, in Monroe, Wis,, with equipment
designed and built in Switzer¬
land.
It wi.l turn out
9,000 six-ounce packages daily.—V.
167, p. 2026.
Boston Fund,
•
The company cn
July
210,000 shares
&
Co.—V.
filed
2
Period End. May 31—
Equipment
rent;
rents
(Dr)
Other
Gross
3'/
1948—5 Mos.—1947
207,567
2,009,310
23,932
185,434
131,370
$1,940,030
381,544
$761,704
$674,145
$2,321,574
$3
290,405
292,776
1,480,500
$381,369
$841,074
$1,349,633
*2V4r/o
Bank
decision
poration
lie
to
was
liquidate
the
announced
indicated
that
department
June
the
25
another
department
office
an
store
building.
contains
an
Liquidatii.n of
dtfys, started
is
to
the
possible
the
the
building.
company
new
sell
may
owner
be
may
The
property is already partial y
high with three basements and
1,000,000
be
completed
within
21
The
SEC
Ecard
of
change
a
ently
to
be
1950.
a
of
liqu.dat
15,
<4i
of
this
1946,
security
stated
are
<3i
from
in
the
authorized
corporation;
Department
1946;
(21
of
application
the
the
of
of
State
22.
the
New
liquidating
York
Supreme
dividend
of
listing
ill
and
complete
New
share
per
Dee.
Court
was
York
on
to
Dec.
on
which
24,
liquidation
exchange has
list.—V. 1C6,
1947,
has
that
authorized
The
150,000
no
July
on
shares
common
into
approved
150,000
class
each
of
the
125,000
held
in
the
consideration
Isaac
With
will
treasury
as
Bruck.
may
to
of
the
of
par and
authorized
300.000 class
present
2.—V.
President,
167,
class
A
50,000
from
and
issued
"The
stock,
of
two
class. B
time
dividend
30
payable
of
class
shares
time
to
for
owned
are
issued,
initially
will
c
Co.
of
of
names
convertible
for
policy
the
F.rst
Electric
Power
underwriters headed
next
&
be
to
cents
Sept.
share
a
15
series.
(Issuable
will
be
reserved
for
issue
underwritten
are
the
our
by
upon
5V2
convertible
common
of
basis
is
PtJRPOSE—The
of
for
revenues
follows:
subject
to
Net
Witter &
R.
Staats
Stock
Of¬
a
group of
Co.; Pacific
2,250
Wesley Hall &
Morgan & Co
Co
2,000
the
2,000
the
Co.
stock
is
cumulative
and
is
consolidated
relatively
with
pace
Present
during
1948
ESTIMATED
1949
and
will
the
greater
indications
and
follows:
company
be
as
CONSTRUCTION
arc
its
demands
that
cash
consolidated
and
$2,071,865- $8,913,705
$88,000
850,000
629,000
2,778,000
General
2,384,000
248,000
275,000
263,438
222,693
914,187
$3,788,000
164,435
609,630
681,075
237,566
989,124
857,660
733,000
Ice
208,000
amount
of
its
first
issued
and
123,000
$4,701,000
recently
$4,426,000
sold
$2,500,000
mortgage
principal
bonds, 3%
series due
1978, and alter
expenses of issue estimated
at $30,000, has
applied or w'll
the: remaining net
proceeds of $2,476,747
(exclusive of accrued
to (a) retirement of
deducting!
apply
\Interest)
$2,000,000 principal
notes, the proceeds of which
company s
1948
am®link
1947
construction
construction
the
het
trom
The1
program,
from
sources
and
for
the
will
turn
program
botes issued in
requirements
proceeds
internal
in
were
construction
(b)
1947
to
1948.
sale
be
of
"Inch
$440,986
$414,804
$1,749,979
32,412
34,593
127,057
the
of,bank loon
finance ih part the
to
in
part
to
assist
in
to
in
company
finance
retirle $900,000
completing the
part
convertible
to
44,698
Crll0,972
Cr34.851
$1,258,061
$1,283,347
427,947
335,432
422,356
132,880
127,419
29,998
$795,209
$746,014
1,903,048
1,903,011
1,903,011
$0.43
$0.36
$0.35
shares
above
and
84.978
v
profits taxes
share
per
A.
includes provision for depreciation
equipment, etc., in the respective amounts
summary
and
$206,086
1946.—V.
for
the
six
months
ended
March
RR.,
vacancies
has
been
s_eibert-
the
estimated
anticipates
stock
the
plus
b&lance
Chronicle (Reg. U. S.
FTesident; William D. Riggs,
of
(Md.)—New President—
caused
by
elected
the
President
of
this
of
O.
anil
company
both
of
death
recent
of
companies
to fill
Nance.—V. 159,
II.
per
for
divs.
that
funds
of
the
14,500
$449,397
$1,877,036
109,669
451,136
490,792
$353,890
$339,732
$1,425,900
$0.18
$0.19
$0.75
share
of
the
32,403
"After
$501
(par
preferred
of
38.09 "t
for
$50)
167,
p.
increase
taxes
share
increase
131
Use
of
e'ectricitv
of
SEC
at
$20.
called
for
redemption
Sept..
on
1,
oaf
next,
of,
dividends -of
the
550,000
the
over
The
12 Months
of
corresponding
this
revenues
ever
for
May of
the
last
same
period
the
baked
will
corporation
The
of
ending
12
to
Co.,
71
Broadway, New
business
specialties
continue
to
in
be
organized
founded
and
the
York, N. Y.
physical
cookie
B.
of
leased
marketed
at
assets
and
Carr,
vi
oracker
President,
Carr-Consolidated
Philadelphia
the
Ivins
plant,
brand)
highest
level
in
under
the
supply
the
units
the
operation
of
parking
a
York,
For
suc¬
many
corporation, Mr. Casabianea had
the automotive field.
consists
and
lot.
the
of
the
garage;
distributors
as
18. 1944 in New
Casabianea in 1938.
H.
the
of
the
corporation
gasoline Stations and a
and
and
ih
May
on
by
the organization of
business
The
oneration
operation
jobbers;
sales
of
I've
of
auto¬
an
warehousing unit,
a
consist
of
industrial
automotive oils and
wholesale and retail distribution
of automotive
parts, motors and accessories, and service rendered
in connection with
maintenance and repairs of- automobiles
of all makes and
types; com¬
mercial and
passenger.
All are located in New York
City and Nassau
Couhty.
•
in
SALES
months
ended May 31 of this year increased
277c over the previous period and
averaged 3.874 kilowatt-hours a't an average cost of
AND
EARNINGS
YEARS
Gross Sales
ceiits.—
1.696
was
business
a
to
motive
1947
12 Months
period
during
added,
service
year.
customers
Ivins
of
successfully been engaged
is
outstanding
Month
residential
RR.
Philadelphia
transaction, it was disclosed by J.
about $100,000 in cash and
43,200 shares
years prior
"$1,715,144
$414,769,
shares
Nashville
stock.
ceeding
Months
($591,352
stock
on
&
(H.) Casabianea, Inc., New York—Stock Offered—The
($693,177 "$£',183,249
over
161
by
the
sold
416.
company, with offices at 2 Park Avenue, New
York, on
June 22, offered 25,000 shares common
stock (par $6.50)
at $9 per share.
Co.—Earnings—
revenues—,
of
with
be
p.
1,346,889
and
(An 'increa"e
been
operations, he pointed out, are
"unit's history.—V. 167, p. 2682.
1947
2570.
Period Ended May 31, 1948—
1947.
to
164,
104,963
.
operating
stock,
The
Carr
Mr.
60,000
4
preferred
per
(An
notification
capital.—V.
Current
104,963
(par
1947.—V.
$2.36
to
stock.
of
preferred
additional
248.
p.
Output
129,504
1,346,889
deduction
equivalent
cumulative
for
company has
purchased the
Ivins'
Son Inc.,
113-year-old
S.
involved
OUTSTANDING AT MARCH 31
Period Ended April 30, 1948—
Net income after
Charges and
common
used
Louisville
maker.
$0.76
119,266
$1)
24,
Co., Burlington, N. C.—
letter
a
Carr-Consolidated Biscuit Co.-^-Acquisition—
$1,344,258
1948
July
$1.40
be
have
common
30,000
preferred
ipar
on
shares
will
167,
The
-J.
un-
subs.
cumulative
"Sold
filed
8
in the sinking fund, $105,000 of first
mortgage 4% bonds,
A, due Sept. 1, 1965, at 10S. Payment wi'l be made at the office
•series
Ivins
Cumulative
July
on
$1,835,050
119,508
from
Insurance
Carolina Clincbfield & Ohio Ry.—Partial
Redemption
—V.
Mexican
company
There
151,567
$473,398
com.
Casualty
167,
180*.
p.
ENDED
Gross Profit
MAY
31
Net Inc
Divs. Paid
California Water Service
Operating
Taxes
(other
Provision
1948
Federal
expenses
taxes
on
—
(.net)
income)
$4,415,008
2,367,602
2,010,858
277,661
—
442,817
352,398
429,090
399,614
303,997
297,948
$1,083,749
$1,076,528
59,943
11,385
$1,143,692
taxes
Total
on
443,275
$712,500
$644,638
income
income
income
«.
income
Interest,
Net
etc.,
deductions.
income
on
-
preferred
165,790
16,038
536,119
272,598
40,334
4.830
519,484
270,263
71,569
10,386
stock...
152,902
$559,597
purchased
sold
are
public
used,
generally.
cars
if
Such
they
?,000,000
New
to
are
create
in
California Water & Telephone Co.—New
Financing—
company has asked the California Public Utilities
authority to issue $1,000,000 first mortgage bonds'
shares of
common
stock
at
$25
a
share.
The
money
needed for
the
1948-49
construction
Northwestern Life Insurance Co. of Milwaukee will
was
and
fully
equipped
service
with
required
bonds,, carrying 314% .and due
P, 2206.
.
,
in
1971,
the
the
Pacific
buv the mortgage
petition stated.—V. 166,
the
one
salesmen
automotive
in
the
by
well
as
form
are
best
some
metropolitan
or
field, the
metropolitan
wear
At
there
the
the
and
as
parts.
and
me¬
to
new
New
other
from
corporation
York
area.
throughout metropolitan New York
facilities, and cater to every phase
modern
the
of
commercial
and
passenger
automotive
are
of
trade.
MERCHANDISE, EQUIPMENT—The
sists
of
literally of thousands
maintaining
equipment
ment of
ern
at
new
merchandise and equipment used
said to the automotive
industry con¬
of items.
up-to-date
regular
and
stock consisted of
20,000
class A common stock
and
vised
the
shares
stock.
by
class
of
by
retiring
purchasing
and
follows the
old
to
May
shares of
class
class
of
B
1948,
B
which
stock
the
stock
there
authorized
and
were
class
A
common
class of
common
stock
(par $6.50i.
class
common
stock
30,000
equip¬
mod¬
and
13,526 shares of
capital stock structure
stock
and
capital
shares
issued
and
May 14, 1948, the
eliminating the distinction whichL
previously
B
and
and
improvements to facilitate
14,
On
stock
poLcy
outmoded
or
machinery
marketing.
(no-pari
3,600
The corporation
equipment
intervals
design, development
methods of service
existed
of
out¬
class
was
A
re¬
between
providing
for only
issued class A and
were
B
a'basis of
■>
in
by the corporation" for service and
common
said
parts,
replacement
years
and
owners
throughout
numerous
wholesalers
automobile
necessities
replacements in
jobbers
presently employs three
and
program.
for
Its gasoline and service
stations
standing
company
need
operation
2,326
by
and
Breakage of
approximately nine
active
fleet
time.
As. distributors
Commission
12,800
the
dealers,
component
$2,202
taxes.
manufactured
are
car
are
which require
area,
before
stores,
operate.
use
automobiles
York
parts
CAPITALIZATION—Prior
Ths
parts
and
by the corporation as jobbers
automotive and supply
to
through age and use,
the-average Car is in
line
for
1948
chanics, garages; service stations,
$491,736
"The provisions for
depreciation claimed in the Federal .income tax
returns' for the years 1946. and 1947 were
computed on the straight
basis .and exceeded by approximately $156,700 and
$189,000, re¬
spectively, the amounts computed on the 5'fa sinking fund method
and charged in the income
account.—V. 167, p. 248.
ahd
parts
time, to
152,903
Balance
ending March 31,
OPERATIONS—Automotive
concerns
Such
$1,087,913
431,192
—
depreciation.
Federal
325,067
1947
1947
$4)972,777
339,523
than
for
:
—
administrative
-for
$9,359
"Ten-months
revenue
"Provision
$101,300
"1948
Co.—Earnings—
12 Months Ended
April 30—
Operating and
Maintenance
$188,688
1946
V.
1945
The previously
reclassified into a now common
stock
three shares of the new stock
for each share of stock
on
prn/i-
Patent
Office) William B. Dana Company, Publishers, 25 Park
Place, New York 8, N.> Y., REctor 2-9570.' Herbert
Business Manager.
D. Seibert, Editor and
135
S.
La Salle St.,
Published .twice a week [every Thursday (general news and
Publisher;
Chicago 3, 111.
advertising issue)
with
a
statistical issue
(Telephone State 0613); 1 Drapers'
m second-class
on
Monday].
Other
matter February
Gardens, London,
E.
C., England, c/o Edwards & Smith.
25, 1942, at the post office at New
Copyright 1948 by William B. Dana
American Union. $35.00
York) N. Y., under the Act of March 3, 1879.
Company.
Reentered
per
Subscriptions in United States, U. S.
year;
in Dominion of
Possessions, Territories and Members of PanCanada, $38.00 per year.
Other Countries, $42.00 per year.
NOTE; On account
'
of the fluctuations
in the rates of
exchange, remittance for foreign subscriptions and advertisements must
be made in New York funds.
JrfiVnf'™
omces:
of
31,
19l9.
167, p.
Lindley, Executive Vice-President
Canton
Proceeds
$1,683,483
in¬
SHARES OF STOCK
amount
used
finance
The
sufficient
Commercial^I and Financial
and
6.514,089
$1,248,495
moneys
$3,570,000
705,000
Telephone
has
7.612,852
$1,147,089
807,185
125,710
—
income
Dividends
electric
company
9,650,925
tax
excess
$210,862
1947
The
$7,837,231
1949
$106,000
Transmission
Distribution
The
8,446,125
Files With SEC—
1948—12 Mos.—1947
611,523
3,196,305
(net)
other
Non-operating
1948
Electric—Production
i
1946
$16,208,709
$923,719
Carolina
619.265
deductions
Net
Operating
EXPENDITURES
-
Total
1947
836.
p.
-
PROGRAM—Since the end of the
war, there has
unusually large increase in the rate of
growth of population,
industry, agriculture and commerce in the
company's general service
area, and this growth is
continuing.
As a result, the company and its
subsidiary, Interstate Telegraph Co., are now
engaged
in
subsidiaries
$3,138,910.
$1,529,245
_
taxes
profits
machinery,
Daniel
herein)
4,031,520
income
come
not
are
an
the
expenses,
Canton Co. of Baltimore
3,000
288,421
taxes
income
"An
con¬
adjustment.
by
obli¬
5,000
Co
153,482
taxes
Interest
Further
net
construction
of
facili¬
$1,484,547
common
income
1948,
Co
&
878,879
deprec.__
income
"Other
CONSTRUCTION
for
of
6,000
Co
property.
expenditures
totaled
1948
income
$278,386,
172,287
for
Common
company at an initial basis of 21/2
share of such convertible
stock; sucn
construction programs to
keep
for .electric and
telephone service.
production
Government
(& Subs.)—Earnings—
met)
NOTES—The
and
$2,484,741
Net operating revenue
•"$2.50
the
large
liabilities
from
current
certiiicates
S.
of
total
$22,626,144 $19,004,879
11,445,974
10,244,937
_
aamniis.
income
6,000
1,193,899
Provision
cn
proceeds will be used by the
company to finance
part the construction,
completion, extension or improvement of the
company's facilities or the acquisition of
been
current
income
buildings,
I
1948—3 Mos.—1947
__
Maintenance
$72,330,353 $63,023,027
issue of June 28
William
each
and
excess
Number
Boettcher
subsidiaries
Operation
record
in
i
Federal
6,000
Period End. Mar. 31—
Operating
1948—6 Mos.—1947
Co.—Preference
preference
stock
stock
U.
improvement
SO. 17
profit
showed
$2,000,000
and
income
Federal
the respective
Inc.
sold
Foreign inc. and
con¬
CONSOLIDATED INCOME ACCOUNT
(Mexican
Gross
shares of common
1948,
and
$374,377 in other U. S.
bonds,
deductions
Total
6,000
Co.—
31,
344,925
$0.82
allowed
first
Bosworth, Sullivan
Crowell, Weedon &
;_
&
includes
and
operating
Income
in
Peters, Writer & Christensen,
Dean
Co
Net
•
Net
as
goods
No. of
10,250
Marshall
of
general
cumulative
adopted
declared
was
holders
to
vertible preference stock at
par $20 per share.
conversion
$2.50
underwriters and
10,250
which
and
March
on
acquisition
cash
municipal
1804.
p.
received
sheet
/■r'5i4,y25:-£,;
$1.22
—
balance
for
344,925
___
Advertising, selling, distributing and
Shares
&
Co
Maxwell,
B
California, and Walston, Hoffman & Goodwin on
24 offered
publicly 75,000 shares of 5%% con¬
into
the
will
quarterly period
details follow:
The
the
,33,700
$58,027
334,882
series,
6.000
California
Les'.er
consol.
1948—Month—1S47
$11,945,164
$9,613,718
fered—As mentioned in
vertible
and
in
wholly-owned Subsid¬
Assuming-all of the shares of
187,500 shares of authorized but
stock
10,250
Calif
Hoffman
Goodwin
Cost
pres¬
company's
be
174,700
$288,046
Canada Dry Ginger Ale, Inc.
2682.
p.
California
June
may
(Issuable
preference stock
by
California Oregon Power
Co. of
Borrowings
separate
as
and
72,570
318,408
258,400
discounts
$8,179,174
167,
3,065,476
income
011
6 Months Ended March 31—
Net sales
au-
additions
No. of
Walston,
—V.
$3,548,181
•
1,099
outstanding
reserved
gations
the
the
Siares
such
Butler Brothers, Chicago—June Sales
Up 24.2%—
Period End. June 30—
obtain
property
1038.
p.
Sales
167,
stock
convertible
are
Will'am R. Staats Co
$3
.—V.
preferred
outstanding
offered
Shares
bondab.le
$4,500,000).
the convertible stock.
of
Earnings
said:
now
stock
could
company
net
unborrowed amounts.
B
and
fixed.
be
common
stock
common
and
respect to the new classes of shares
be dealt with at a future date."
Aug.
no
one
issued
rfhe regular quarterly dividend
the
A
shares
be
now
of
$3,481,793
66,388
credit
Dec. 1, 1949, renewable to Dec.
1,
borrowed funds is 214'A
per annum, with
on
UNDERWRITERS—The
Gross
of
outstanding will receive in exchange
shares,
The remaining 25.000 class A
be
conversion
shares.
par
Holders
stock
with
agreement
392,146
1946
■
(net)__
share
per
ties, $1,246,703 in
Association, for itself
expiring Dec. 1, 1949,
$4,500,000, but in any event
of
of
than
oh
14 1
shares
common
of
number
and
the
assets
deposit
31, 1950, to
Savings. Association.' On
452,543
expense
*
$423,485
NOTE—The
1,357,089 shs.
187,795
219,817
"Including cash
sundry sales.
maturing
rate
are
is
basis
St
selling
taxes
shares
Earnings
Dec.
5,651,852
151,349
profit
Capital
" 75,000 shs.
than
$7,029,421
6,969,512
sold
replacement
ree'd
and
Fed.
lor
164,963 sh4.
60,000 shs.
later
not
Hydro-Electric Securities Co.
convertible
Reclassify Stock—
12
interest
§10,200
the
Other
stockholders
notes
which the 514 'k
of
senes.
44,592
.
75,000 shs.
line
a
which
the
cumiuativO
Federal
Bruck Mills, Ltd.—To
The
on
commitment fee of
which the $3
series,
"
47,107
reserve
Prov.
60,000 shs.
*500,000 shs.
Tru .t
for' which
on
paid
Net
99,417
and'
Interest
4,500,000
due
for
of products
deprec, and
for
Burden
2,500,000
1947
$6,982,314
25,087
(net)
income
cost
Administrative
Outstanding
$16,000,000
2,500,000 shs.
but
substantially less
pay¬
2254.
p.
amount
>
1948
$8,451*119
$8,476,203
operating income
Total
Mfg.
.
10,000,000
company entered into a loan
National Trust and
Savings
bonds
•Other
50
the governing
board
of each
security be stricken from the
this
of
made
suspended
progressed,
recommended
1978
1947;
17,
(Excluding Ordnance Steel Foundry Co. and Campbell, Wyant &
Cannon
Engineering Co.)
3 Months Ended March 31—
Net
sales
Prov.
FINANCING
3
Campbell, Wyant & Cannon Foundry Co. (& Subs.)
additional
stock
National
the' amount
(247)
internal
April
$1)___
was
cents per share;
<5i
the
dealings in
this
security;
<6t the only
remaining assets after allowing for the liquidating divi¬
dend
ol
50
cents
per
share and allowing for estimated claims and
expenses
will
be
approximately $90,725;
i7i
in
view
of
the
extent
exchanges
the
preferred stock
the
dissolution
of
a
1948,
another
and
are:
dissolution
certificate
a
State
registration
liquidating dividend of $5.25
1947, to stockholders of record on
24,
April
that
5,
the
the
Dec.
on
ment
April
of
on
on
striking
exchanges
with
paid
for
reasons
these
filed
granting the application of the
City of Chicago and the New York Curb Ex¬
listing and registration the common stock ($1
the
from
(par
maximum
(present y
Corp.—Delisting—Dissolution
order
an
that
___•
preferred
America
unissued
corporation.
stockholders
May
of
strike
the
issued
8
1,
dated
participating banks,
thent.cation
Pacif
The
on
July
Trade
to
of
pari
Aeronautical
1948
of
version
Brewster
from
for 'depreciation
of about
$885,000, from the sale of
i_
America
13,
iary,
feet.
square
Store, which must
167, p. 2252.
8.—V.
office
and
store
that
that
and
stories
17
some
Boston
July
on
at
combined
a
June
varying maturities
for
1 mited
cor¬
Edgar L. Schnadig, Presid ;nt.
State and Mad.son Streets, Chi¬
operator.
It
equal
area
this
of
by
budding,
III., wi.l be converted into
However, he declared, it is still
both
building and the business
cago,
business
store
Funds
(par $50)——t500,000 shs'.preferred 'stock-104.963 shs.
stock
of
Bank
for
A
estimates
contract
cumulative
Common
and
Boston Store of Chicago, Inc.—To Sell Out Its Business
.
provisions
Preference stock (par $20>__^—
5Mj'/'■" convertible preference stock
$2,846,658
1,497,025
2026.
p.
1978—due
cumula tive
$2.50
304,540
income
167,
1948.
Arizona.
note's
ins;allment
Feb.
Net
—V.
for
approximately
in
32, 1944
Cumul. preferred stock
$2,542,118
65,869
etc.
funds,
of
•
properties
the company
duj
ser.
3Va%
26,872,891
3,412,886
1/272,011
$471,299
int.,
treasury
proceeds
1949,
"Prom ssory
$34,231,276
$608,276
income
requirements
CAPITALIZATION GIVING EFFECT TO PRESENT
First Mortgage Bonds:
Authorized
'2",
ser. due 1916—due June
1, 1976 $16,000,000
77,094
income
Rentals,
;
SEC
'$684,610
income-
oper.
to
FINANCIAL' CHRONICLE
&
i
financing will be
requ.rtd lor approximately two-thirds of the
estimated expenditures
lor that. yxar.
The additional financing
may be effected through bank
loans, or by the salj of bonds, debentures or
stock, or a combination
of one or more of
these types of financing
dependent upon market and
Other condit.ons
ex.sting from time to time.
-Underwriter)' Vance
$6,954,574 $38,594,152
5,370,960
31,237,854
743,839
3,221,524
891,550
285,424
38,697
(.Or)__
Joint,
ry.
As
*
$7,587,312
5,687,031
expenses
the
and
electric
j
Earnings—
Taxes
Net
$li.
(par
1948—Month—1947
revenues
fac.
stock
147.
p.
Boston & Maine RR.
Operating
Operating
registration statement with
a
common
168,
incnide
1
certain
I
n.
construction
$925,000.
Inc.—Registers With SEC—
covering
Sanders
sduiie
I
.
THE
(248)
i
Should the 23,000 shares now offered te
shares of common stock <par $6.50) is¬
total of 154,000 shares
busly issued and outstand'ng.
sold, there wid be 76,378
lull
sued
the authorized
outstanding, out of
and
shares
entire 25,000
the
PURPOSE—If
corporation
sold, the
not
arc
expend the ava lable net proceeds for such purposes and in such
as the
board of directors, in its discretion, may determine
in the best interest of the corporation.
will
COMMERCIAL
In
June,
the
1948,
in
as
had
company
1947.—V.
June,
$10,606,315
$1,707,467 $10,158,345
$1,674*376
units
52
168,
the
operation,
in
same
43.
p.
Cincinnati Gas & Electric
Federal
Judge
Guy
Fake
L.
July 14 approved
new plan of reorganization
Newark,
at
an
application by the company to submit a
to
the
J.,
N.
Philadelphia in
permitting sub¬
behalf
of
mission
reorganization
a
proposal
the
to
ICC.
of modification, the interest rate on the present
general mortgage bonds is to be reduced to 3lA % per
annum, effective
Jon. i, 1949.
In liquidation of arrears (not in¬
cluding the payment of one year's interest authorized by the Federal
Court i
and to
compensate for the reduction in interest, each issue
is. to
receive, par 81,000 bond:
Non-interest-bearing Shares of "A"
the
Under
and
plan
5%
Interest certificates
Cash
common
stock
nr.st
has called for
shares of 6%
company
3 Mos. End. Mar. 31—
$200
$.250
5,979
Miscellaneous income
$50
of
i.sued
of
stock are to be
class B stock.
274,368 shares
common
from $100 and designated
bondholders an additional
to
be designated class A stock.
voting as a class, will be entitled
to
common
par
shares
274,368
value
par
be
to elect
four directors and holders of class B stock,
voting as a class, will
be entitled
to elect five directors to serve during the period of six
class
of
Holders
of
thereafter
directors
by
a
basis
Ohio
&
RR.
the
on
Gross
for
3,026
deprec
taxes
income
2,154
1,431
$16,327
$71,130
$61,849
EARNINGS
$20
Net
Cost
MONTHS
THREE
FOR
MARCH
ENDED
31,
expenses
:
administrative
and
21,119
$1,186,537
income
Interest expense
11,511
depreciable assets
of
said,
for
for
inventory
taxes
Net
$541,748
March
1943
12,
64,741
$1.04
-
Earnings per share on 517,915 shares outstanding
COMPARATIVE
BALANCE
*U.
31,'47
and
Inventories
Federal
taxes
i'Property, plants
Deferred charges
trademarks
advances
and
equipment
and
goodwill
&
166,825
income
on
Sundry receivables, deposits
2,916,673
4,937,902
166,825
;
$916,529
2,845,748
working funds)
at cost
$31S,191
1,505,000
5,294,336
deposit*
Government obligations
tTrade accounts
receivable
Pats.,
Dec.
at
nom.
amount
58,267
5,196,306
103,467
1
$15,788,570 $14,799,720
Total
payable
and
Accrued
Accrued
Accrued
ing
accounts
salaries,
Federal
of
sale
July
issue
Co.
not
the
Debenture
the
D—4%
for
113,811
23,812
1,508,385
1,250,000
2,007,037
1,250,000
204.000
209,700
201,200
income
on
(314%
maturing
note)
87,800
1961
20,
Dec.
31,
claims
compen.
1966
25,784
exps.
32,168
450.000
and
400,000
decline
income, year 1948 (estimated)
Capital stock (par value, $10 a share)
5,179,150
5.178,590
Earned
surplus
4,301,283
surplus
286,474
286,474
price
371,000
Total
of $44,665
tion
Dec.
and
and
in
interest.
and
1948
$30,000
amortization,
31,
and
1947,
tAfter reserve for doubtful accounts
in 1947.
t After reserves for deprecia¬
,
1948, and
for excessive present costs of new plants
after
at
$300,000
March
will
also
the
value
stock
that
Fund
the
but
this
com¬
it
assets of
Fund
this
with
in
will
1948,
represented by 1.783 863 outstanding shares, compared with $23,249,247
March 31, 1843, represented by 1,743,599 shares.
Net asset value,
portfol'o at market value was $14.39 per share on June 30
against $13.33 pev share on March 31.—V. 167, p. 1692.
on
be
in
Ltd.
of
rights
each
bonds
to
of
shares
share
stock
&
Toronto
for
Corp.
in
bonds,
paid
bonds.
Co.
the
The
America
of
Columbia
in
when
for
building
is
Cellulose
bonds
the
is
are
by
and
it
in
Columbia
British
in
pro¬
Rupert,
in
which
the
fields
expanding busi¬
position
in
pulp
highway
and
far
so
plant
the
its
as
raw
parent
mate¬
is
producing at Bishop, Texas,
textile and plastics operations.
now
its
comprises
1965.
the
material
transcontinental railroad
steamships.
the
inclusive,
2,
for
of
ocean-going
strategic
a
part
a
Price
near
raw
and plastics,
has a rapidly
yarns
factor
basic
a
with
plant
a
pulp
Island,
Watson
on
together
of
$15,000,000
first
and
$10,000,000
the
general
mortgage
annually
the
general
17-year
mortgage
bonds
bonds
The
both
The
includes
CAPITALIZATION
and
the
stock
1,000
GIVING
ipar
Common
stock
(15c
on
then
shares
as a
owned
each
of
speculation.
by
H.
B.
EFFECT
TO
PRESENT
FINANCING
the
labor
of
Outstanding
material
and
to
overhead
a
353,000 shs.
television sets,
month period of
manufacture 500
bf
costs
units
250
113,200 shs.
500,000 shs.
manufacturing
a
month,
two
to
pay
additional
for
equipment, and for improvements in the factory.
proceeds of this offering will be used for general
the
purposes.
been
work
on
projection
type
model
of
television
Conn,,
receivers
T.
was
H.
Keelor.
Mr.
sof
Treasurer, has been appointed Assistant
immediately, to succeed H. C. Strong, retired, it
by H, F. Lohmeyer, Secretary and Treasurer.
Keelor will perform the duties of the two offices with the title
Assistant
will
Assistant
remain
Douglas
Secretary
in
B.
the
Terminal
Jones has
Assistant
and
Tower.
been
Relations, succeeding H., L.
Treasurer.
His
headquarters
Cleveland.
appointed
Assistant
Director
of
Public
Porterfield, Jr..
7,' Mr. Jones, former Washington correspondent for "Look" magazine
.and
pateints
effective
announced
previously
a
member
of
the
public
relations
staff
of
The
Motor
Ford
Company, will be at the Cleveland headquarters of the C. & O.
—v, lee, p. 43..,,%._ ,v.
,;
.i
.....
...»
..
.
Corp.
on
an
Contracts
to
sell
of
F.
M.
have
204
There
units
13
tuner
been
Milwaukee
Boston,
to manufacture
has
been
made
by
company
for
which will be incorporated in the units.
America
has
receivers.
Application
television
issued
and
company
distributors
to
York,
New
annually,
licensed
a-total
with
of
each
in
Cleveland,
Chicago,
committeed
distributor
■
'
1,020 units.
October, 1947,, which can receive tele¬
vision.
To date, deliveries have been made of 36 sets.
It is expected
that by the end of 1948, a total of 37 television areas will, be in
are
of
stock,
of dividends on
and will make
the
the
full satisfaction of
dividends thereon,
in
of
Co.
Light Co.,
Power
Consumer.1?
Central
of
Illinois
stock,
common
stock
rata
pro
as
primary
a
and
$1
distribution,
stock,
common
common
Co.
which
of
Southern
The
of
such
of
part
is
not
until
of
the
at
Co.,
the
or
stock
common
owned
share, to the nearest
of the shares of com¬
by Commonwealth
or
appropriate, in the
owned
time
necessary
the
if any,
balance,
the
of
payment
loans incurred.
temporary
holders
its
stock
common
from
rata,
pro
time
to-
all its expenses and liabilities incident to the con¬
and otherwise, all of the remaining assets of
Commonwealth, or, at its option, the proceeds of sale or other dis¬
position thereof, in cash or, within two years after the effective date
oi
the
plan in kind in full satisfaction of all rights with respect
thereto; provided, however, that Commonwealth reserves the right to
invest any cash or other assets at any time held by it in the common
stock*
or
other securities
of
any
of the companies which are its
directly owned subsidiaries on the date for the distributions.
Pursuant'
plan,
the
to
of
distributions
its
and
in order
by
deemed
the additional
its subsidiaries with
it requisite pending
provide
to
capital
effective
the
and
consummation
proposes, either prior to or immediately
the plan, that it and its subsidiaries shall
Commonwealth
plan,
the
consummate
(i)
plan
the
in
acquire the additional shares of common
companies necessary to make the fore¬
to
subsidiary
various
scock
the
contained
reservation
Commonwealth
enable
to
the
of
summation
date
of
following
Power
Consumers
Co.
transactions;
will offer, with
or
without,
at
its option,
underwriting thereof, to its common shareholders, pro rata, the
right to buy from it at $33 per share cne additional share of common
stock for each nine shares now outstanding and it will issue and sell
Commonwealth
of
ance
said
Consumers
will
under
its
against
an
$13,285,899.
construction
present
Power
Consumers
program
be provided from such salp of addition-7!
early in
1949.
Upon completion of such
to
stock
common
of
therefor
require the funds
of
shares
402,603
Co.
from it. by accept¬
aggregate payment to
It is presently esti¬
will acquire
Commonwealth
and
offer,
Power
that
mated
Co.
acquistion Commonwealth will own 4,026,035 shares of such common
Commonwealth
may
also acquire, by purchase in the open
stock.
market
otherwise,
or
all
or
of
the
or
the
as
SEC
9,456.60
additional
may
authorize,
otherwise
shares
such
of
such
common -
stock
required to make the distribution thereof to the holders
cf preferred stock at the rate provided.
■'
liil
The Southern Co. will issue and sell additional shares of its
as
be
may
stock
common
$10,000,000,
approximately
for
to
Commonwealth
or
to
(in addition to the additional 1,020,000 shares thereof which
proposes presently to purchase from The Southern Co.
for $10,200,000
and with respect to which authorization of the SEC
has
been
requested by
amended declaration and application
filed
June 21. 1948.
With such funds, The Southern Co. proposes to acquire
from Alabama
Power Co. and Georgia Power Co.,
respectively, 80,000
additional shares
of the
common
stock of Alabama Power Co. for
the
public
Commonwealth
and
'additional
750,000
shares
of
the
common
stock
of
Power Co. for $12,000,000, 111 as heretofore authorized by
respective State Commissions.
It is presently estimated that under
Georgia
the
their
It
construction
present
will
Co.
Power
require
described
above
Commonwealth
stock
common
Electric
in
may
presently
also make investments in additional shares
Co. and of Southern Indiana Gas
Edison
Ohio
of
such terms as may be accept¬
by the appropriate State com¬
estimated not to exceed $10,000,006.
under their present construction pro¬
authorized
and
amount
aggregate
an
the
such amounts and on
Commonwealth
to
is
in
Co.
Alabama Power Co. and Georgia
additional funds to be provided as
1948, or immediately thereafter.
programs
all
October,
by
that,
estimated
Ohio Edison Co. will require additional funds (including ap¬
proximately $7,500,000 to be provided by the sale of common' stock)
in
October
1948
or
immediately
thereafter, and Southern Indiana
areas,
of
as
operation.
COMPANY—Began
to
experiment,
television
receivers,
direct
February,
1948.—V.
167,
vip^
p.
table
2254
'
design
and develop two types of
This was completed in
models..
>-4.
.
CJ.
"
' i
'•
Electric
&
Gas
Co.
will
require
to be provided
$1,750,000
imately
in
from time to time, if necessary
Commonwealth may,
(iv)
additional funds (including approx¬
by the sale of common stock) early
'
1949.
provide
to
funds
not
otherwise available for
any
or
appro¬
of the fore¬
going acquisitions, borrow temporarily, on such terms and for such
period or periods as the Commission may approve by applicable order,
such amount or amounts, if any, as may be required for such pur¬
It
to
up
poses,
but
is estimated
in
no
event exceeding
that funds available
in the aggregate.
$25,000,000
for such purposes will have aggre¬
gated on or before Jan. 1, 1949 approximately $20,000,00 including 'the
$10,200,000 proposed presently to be invested in the common stock
of
The Southern
Co.
The amount which may be borrowed will be
reduced
on
the
prior
to
accumulate in excess of expenses and dividends
stock at the rate provided [which accumulation,'it
will amount subsequent to Jan. 1, 1949 and
earnings
as
preferred
estimated
currently,
the
distributions
provided
300,000
a
calendar quarter, plus
theieon) received on the additional
by
completed.
Radio
Southern Co. for
the net assets,
after paying
time,
is
company rents a factory at 33 Jefferson St., Stamford,
has its New York office at 11 West 42nd St., New York.
Experimental
has
its
Edison
of any
the
To
(c)
Burr
125,000 shs.
The
and
of
liquidation:
preferred
stock
Commonwealth,
01
priate
par)
production
corporate
The
of
balance
and
Ohio
of
unpaid
able
June 9 offered 100,-
offered
are
SI)
PURPOSE—To purchase
balance
the
and
stock
of
of
retention
opinion
&
Authorized
Preferred
for
additional common stock
Co., The Southern
part applicable to each such
practicable by Commonwealth,
deemed
slock
of
•
and
(instead
grams,
unit. The securities
offering
pay
its
practicable
rata
pro
mon
at
New York—Stocks Offered
Co., Buffalo, N. Y.,
Co.
to
of
such
of
share
then
(iii)
Ltd.,
000 shares of preferred stock (par SI) and 100,000 shares
of common stock (par 150) in units of one share of each
&
share
0.55
,
cash
Edison
stock
common
complete
common
Commonwealth,
by
first mortgage
respectively.
bonds,
Columbia Television, Inc.,
per
of
stock,
common
holders
One-third
of
Secretary,
of
share
each
for
nearest
$8,000,000
first
mortgage
4'/2%
are
$5,000,000' of
The
the
bonds
mortgage
maturing
mortgage bonds.
Of
represents
3Va %
serial
bonds
—H. B. Burr &
$3
Ohio
in
$1
of
of
the
To
mission
at
os
cash.
shares
general
1956,
July
and
shares I
2.52
and
respect thereto after payment
such preferred stock,
with
share
2.80
after
Corp.
Thomson
of
mortgage
Celanese
be
the
acetate
as
needed
$5,000,000
1951
of
stock
necessary
Co.,
Power
in
holders
the
To
(a)
all
to
Celanese
5% interest and mature July 2, 1968.
The
Royal Trust Co. and the National Trust Co.
Vancouver, B. C., have been appointed trustees for the
taking
Chesapeake & Ohio Ry.—New Assistant Secretary—
stock
for
of
States.
that
cellulose
for
financing
$5,000,000
maturing
and
rata.
pro
distributions
common
operation.—V
of
Nesbitt,
Co.
will
of
used
serviced
concerned
The
$25,683,934 on June 30,
were
preferred
id)
was
1943—26 Wks.—1947
subsidiary
caioital
cellulose
completion of
new
receive
to
(instead
common
transactions and after payment
Commonwealth will be dissolved
preliminary
sary
following
Boston.
of
company,
stores
368
&
United
of
leading
a
is
chemicals
The
be
facilities
are
operation
Fund, Inc.—Net Assets Increased—
total net
had
stated
sale
This
is
site
has
test
The
Pension
$20,000,000
the
was
cellulose
of
Corp.
corporation
31,
appropriated
equipment.—V. 166, p. 2658.
Chemical
(par
capital
$15,230,656 $83,089,628 $80,024,905
Gundy
$5,000,000
alpha
The
and
$15,788,570 $14,799,720
accrued
announced
8
Canadian
of
in
the
h'^h
manufacture
ness.
stock
Co.
share
stock
arrangements
it
fur.ds,
Columbia.
3,824,276
Paid-in
inventory
the
bear
on
^Including
July
disclosed,
1943,
Wood.
from
proceeds
issue,
15,352
maturing Feb.
for
26,
owned
sum,
of
146,842
30,000
taxes
workmen's
Appropriated
$2,775,144;
stock
$6,179,352;
1948—5 Wks.—1947
$12,500,000
this
British
and
-
Res.
Taxes
income,
on
common
surplus,
on
not
Canada
time,
for-
Of
Celanese
is
$17)
now
1948,
7,
as amended, the
stock (on which,
2.80 shares of Con¬
preferred
all
them
$27,-
accrued
$7,000,000.
offered
duction
255,997
profit shar¬
employees'
payable
C—5%
Series
being
same
ether
proposal of May
Under the plan
liabilities, thereafter either distributed pro rata
common
stockholders, or sold and the proceeds dis¬
to
part
The
notes:
Series
$3,032,327;
issued.
from
trust
State
note
$1,902,700;
$15,855,843
ana
within
basic
17,858
interest
and
13
Ltd.
pur¬
etc
salaried
at
completed
Montreal
is
$965,355
29,975
pensions,
Long-term
taxes
by the Textron
was
wholly
company,
Ltd.
to
an
America,
157,119
wages
investment
Accrued
payroll.
Columbia Cellulose Co., Ltd.—Bonds Offered—
The
260,594
payable
and bonuses
payroll and withholding taxes
employees' accounts—War bond
chase,
total,
$54,942;
taxes,
and
earned
June
on
are
common
of
to
in
2683.
p.
$800,000
718,254
bank
to
other
Contribution to
receiv¬
(net)
buildings, machinery,
Pneumatic Tool Co.—Acquired—
valued
rials
LIABILITIES—
Trade
of
kind
(b)
special amortization cf $11,195,-
Federal
for
President,
involved
amendment
an
LIQUIDATION OF COMMONWEALTH—Alter completion of all neces¬
in
1948
investment
land,
and
payable
value $100),
(O.)
company
Upon
Notes
$2.03
accounts
$3,404,082;
$6,153
insurance
reserve
__
167,
503,750
44,815
5,517,267
96,387
1
payment
C.55
$11.784 153;
owned).
$9,993,520;
been
subscribing
Mar. 31,'48
S.
Recoverable
has
At
SHEET
ASSETS—
Cash, ldemand
hand,
on
inventor>«,
prepaid
Schott,
amount
The
371,000
profit
paid
and
Nil
SHEET, MARCH 31,
for depreciation and
Sale*?
of
Dividends
C.
SEC.
Commonwealth
further proposes
going
50,000
reserve
(estimated i
income
on
share
expense.
Colonial Stores, Inc.—Current Sales Increased 4%—
183,301
Depreciation
Provision
$2.41
factory
12,324
Miscellaneous deducti.no
Provision
banks
Period End. June 26—
16,153
,
disposal
Eoss on
of
BALANCE
had been purchased
The
$1,165,418
income
Total
Harold
4,072,247
426,875
Operating profit
Other
237.616
(ICC %
(par
sharel,
per
pany
$5,664,540
general
237,616
$469,341; notes payable to banks (maturing in ten
instalments
beginning May
1,
19491, $1,750,000;
possible
future
inventory price decline,
$1,000,000;
5%
Cleveland
369,845
sold
products
Selling,
237.616
1948
freight
discounts and
allowance.-,,
sales
of
178,212
$316,401
for and
held
in
treasury [preferred—at par—1,101 shares
(acquired
at
cost
of
$108,660).
$110,100;
and
common—at
cost—
24,444 shares, $185,7251, Dr$295.825: total, $27,115,510.—V. 167, p. 2254.
$6,034,385
and
178,212
*$618,318
purchased
sales
Returns
178,212
income,
for
the
of
Light
one-third
imately
after
22,407
semi-annual
preferred stock
Century Electric Co.—Quarterly Report—
Gross
22.407
22,407
$2.61
$303,951;
of
Consumers
of
fraction
etc.,
that
1947 was filed July 7 with the
the-distribution to the preferred stockholders
common
amendment
each
$517,022
$469,141
deducting
in
Corp.—Plan Amended—
announced
30,
Co., and Southern Indiana Gas & Electric Co., and the general means
by which this will be accomplished.
It is proposed that concurrently
with distribution to preferred stockholders an initial distribution will
be made
to
the common stockholders of Commonwealth of approx¬
in
*$417,699
499,676
Co.
$6,317,221;
equal
$51,215
$70,407
$16,149
$14,224
Co.
Illinois
financing
out¬
$5 548,959:
reserve
(after
deferred
2100.
p.
500,000
237,616
tAfter
Land
reserve
income
166,
1,880,000
$669,760
LIABILITIES—Accounts
633
723
178
202
29,868
717.000
22,408
common
(neti.
taxes,
deductions
83,595
115,510.
5,508
$14,426
income
Interest
of
etc.
$56,341
8,197
85,083
11,387
$1,003,058
Buchanan
2531,
$62,933
169,700
dividends
ASSETS—Cash
able
4,650
$14,896
522,873
74,000
CONSOLIDATED
15,799
19,596
4,138
$12,272
income
Non-oper.
Net
16,648
4,650
taxes-
income
oper.
Gross
11,108
16,648
5,106
General
Federal
Net
2,606
4,162
$3,183,429
436,465
$1,263,082
'Deficit.
4; 162
Operation
216,603
$153,849
1,210,241
res.__
1948—12 Mos.—1947
$331,537
$3,308,038
standing (no pari
Earnings per Share
$290,994
191,183
11,025
58,038
Maintenance
Shares
4.1
$3).
150,071
Surplus
-Earnings—
$78,420
52,618
$37,254
of
dividends
Common
to
are
1948—3 Mos.—1947
revs
cper.
Prov.
hand
other
(& Subs.)-
Central States Edison Inc.
Period End. Msr. 31—
—V.
Preferred
be analyzed
committee, to assure that they are on a fair and equitable
so far as Jersey Central
is concerned.—V. 168, p. 147.
Baltimore
arrears
Power
$3,008,1^9
1,366,937
profit
7.8
compromise
share
tributed
Net
plan provides that all existing joint contracts or joint arrange¬
between the Jersey Central on the one hand and Reading Co.
The
and
dividend
sumers
the
the staff
each
69,713
taxes.—
invent.
in
to
by
of
Central
fac'lities__
income
President,
plan of July
provides for
agreed
the
1945
1946
def:
of
196.001,000
Southern
&
Whiting,
which
SEC
approved
sundry
&
amort,
for
Prov.
certificates
are
to elect five directors
and class
ments
pa'.d
Special
R.
reorganization
of
expenses
Federal
interest
all
until
A stock will be entitled
holders of class
B four.
retired,
Commonwealth
$3,113,716
48,298
exps._
8.6
211,203,000
$126,457
27.392
allowed
Discounts
Interest
emergency
the date as of which the plan is consummated. After
if any interest certificates are outstanding, at each
years following
the six
years,
election
stock,
A
selling
21.6
199,411.000
44.
p.
Justin
the
Tne
&
182,331,000
169,485,000
216,521.000
19
168,
$3 261,741
46,347
__
Total income
Admin.
% Inc.
206,169,000
holder
Corp.)
1947
1943
$3,559,381
oper.
four
past
1947
189,763,000
_
14,182
bonds
$50
26
189,973
5%
to
3
as
tGross profit from
outstanding
10
the
of
1948
on
Clark-Celfor Tool
(Incl.
2,565
to
redemption
cumulative
(& Subs.)—Earnings—
Clark Equipment Co.
$200
are
July
—V.
July 26, 1948, all of
its
outstanding
preferred stock at $103
per
share
and
accrued
dividends.
Payment
will be made at the
office of the transfer agent
H. V. Mauser, Room 211, 50 Broad St.,
New York, N. Y.—V. 151, p.' 2039.
The
$160
Present
bonis,
City of New Castle Water Co.—Stock Called—
bonds
There
has been appointed trustee
21/8'/»
series due 1978.
Y.,
N.
mortgage
2786.
p.
the
are
Week Ended—
July
$15,000,000
167,
4%
reduced
York,
New
Co.,
Co.—Trustee—
June
ICC.
application, presented
by H.. S. Drinker of
of the road, was based on the Mahaffie Act
The
Irving Trust
the
—V.
reflects the decrease
year
the
by
Independence Day holiday.
kilowatt-hour
output
totals
weeks and percentage comparisons with last year:
June
for
ICC—
4%
The
associated com¬
and
Edison Co.
in the corresponding week last
Output
ago.
Following
the
Co.—Weekly Output—
panies, excluding sales to other electric utilities, for the week ended
July 10 showed a 4.1% increase over the corresponding week a year
occasioned
be
Central RR. Co. of New Jersey—Plan Cleared for
Edison
Electricity output of Commonwealth
1948—6 Mos.—1947
1948—Month—1947
Sales—
number
Commonwealth
(& Subs.)—June Sales Off 1.9%—
Childs Co.
Period End. June 30—
amounts,
.o
Monday, July 19, 1948
CHRONICLE
FINANCIAL
&
of
Commonwealth
as
for
above,
approximately $2,-
to
all dividends (less income taxes
shares of common stock purchased
above provided I, and also if,
and to the extent
any proceeds derived therefrom, Commonwealth elects to sell any
the common stocks owned by it and if any of the foregoing (trans¬
actions
should
paragraph
id)
be
(v).
omitted
to
reduced
in
amount
in
accordance
faith
<
Commonwealth reserves the right, subject to appropriate author¬
ization
bv the Commission and to such notice and hearing as the
Commission may require; from time to time to modify or omit any
(v)
part or all of any or all of the foregoing transactions or to add
acquisitions of common stock from other subsidiaries 'as it and its
subsidiary companies effected thereby may deem necessary or defer¬
able
and Commonwealth hereby consents and requests that the order
of the Commission herein; approving the plan contain such reservation
by it; of Jurisdiction with ..respect to such transactions. as the Com¬
mission may deem necessary and appropriate and as may be .author*
Volume
however, that alter an order of a U. S. District Court
no
change shall be made in the distribution to the
provided,
ized,
has
of
or
In
order
before
than
two
out
carry
conditions
the
after
01
number
feasible
and
pay
the
the
of
shares
of
to
in
the
the
for
plan
but
necessary
such
(ii)
its
of
common
Commission
the
by
and the rules,
transactions to the
Act
this
wealth
income
net
dividend
stock
preferred
otherwise dispose of, publicly or privately,
offering to the holders of its common stock,
or
and
in
desirable
such
manner
manners
or
Common¬
as
the largest
amounts
therefor, subject to the provisions of Rule U-50 under the
Act, all or ary part of the shares of common stock of any of its
subsidiary companies not required for the distributions provided for
most
for
the
realizing
of
purpose
above.-
kilowatt
weekly
HISTORY
June
13,
ing
hour
of
output
subsidiaries
business .conditions of
electric
of
energy
this corporation, adjusted to show general
territory seived, for the week ended July 8, 1948, amounted
162,313 as compared with 238,699,390 for the corresponding
Increase of
an
33,463.423
&
It
14.02', .—V.
or
& Co., New
168,
week
xn
148.
p.
York, in June offered
stock (no par) at $2 per share.
common
distribute
to
has
and
sell
and
its
offices
Fifth
521
Operating
27, 1948.
corporation
The
Glass
Corp.
Glass
Works,
all
its
entered
Kingsport, Tenn.,
whereby Blue Ridge
corporation
United
of
metallized
exclusive
certain
States
for
1948—12 Mos.—1947
$1,330,707
$6,149,954
747,269
3,515,706
2,952,662
120.487
an
agrees to sell to
the
glass heating elements and to give
manufacturing and sales rights in
The
with
The Atlantic
Steel Castings Co., of Chester, Pa. for
manufacturing and assembling of electric home heating panels
utilizing the metallized glass heating elements purchased from Blue
Ridge, and will confine its own activities to the distribution, sales
the
and
promotion of the manufactured
PURPOSE—The
the
supply
radiant
has
been
Castings
If
business
distribution.
and
fcr
has
Other
120,089
506,554
for
in
471,871
tne
84,417
378,343
being
net
a
oper.
be
of
used
misc.
$167,551
$797,177
$814,396
36,083
29.457
224,583
stock
available
interest,
is
sold,
Interest
and
and
Steel
(no
corporate
GIVING
will
net
All
$214,400.
of
the
purposes.
EFFECT
$197,008
$1,011,239
$1,021,760
The
directors
earnings of $2
is
payable
The
disct.
66,008
expenses
53,030
261,118
209,529
Months
of
In
Net
income
on
$140,268
per
p.
167,
$760,642
trust
Co.,
Outstanding
114,550
114,550
458.202
N.
City,
Jersey
J.—V.
167,
$3.32
$3.50
Ended
March
(&
Subs.)—Earnings—
extent
after
1948
the
directors
Months Ended March 31—
3
1943
$1.19
4%—
Ended
June
1947
$14,256,424
given
Net
464
368
500
Total
earnings
Unci. Fed. inc.
gi'oss
Balance
before
$1,447,008
$1,116,315
587,160
$540,488
$529,154
$542,333
223,122
226,229
231,227
$317,366
$302,925
$311,107
18,000
18,000
18,000
_<
Preferred dividends declared
March
On
3'j.a7
gage
tions.
31,
the
p.
surplus.
this
due
$299,366
had
company
1961,
having been
All
&
1948.
bonds,
$4,211,000
V.
divs.
com.
outstanding
retired since
of
$16,089,000
the
in
hands
first
the
of
AVAIL-
150,000
ABLE
$492,697
$255,311
stock
is
owned
through sinking
1937
by the New
fund
opera¬
Electric System.—
England
514,864
$0.92
80.46
York, Inc.—Output—
.
kwh.
176,800,000
of 3.3%.
the
for
corresponding week
of
last
year,
Corp.—Partial
Redemption
1, next, 79
made at the Registrar, and Transfer Co.,' redemption
167,
p.
March
1,
Bank
and
1S82,
of
in exchange
York
New
refunding
is
mortgage
prepared
now
bonds,
for temporary
deliver
to
series A
168, p. 148.
2:,4%
bonds.—V.
due
The
company
3
p.m.,
July
on
Accordingly,
at
July
on
convertible
Rate
A,
7
Net
$8,864,400
surrendered, for
were
its
of
Notice
conversion
by
such
all
debentures
converted
were
shares of
live
it
1.
for
common
148,007
additional
listed
and
into
each
stock
common
$300
of
—V.
167,
325,921
776,361
437,920
$306,392
$575,636
2,634,308
2,634.708
2,634.708
$0.26
outstanding
share
$0.29
Rate
July
1,
p.m.,
stock
for
for
A
that
and
each
$200
Rate
249.
into
the
trading
$17,800
of America, Inc.
(&
the
$8,882,200
company's
on
additional
Net
of
sale;
Gross
and
the
common
Baltimore
of debentures,
stock have been
New
and
York
Curb
$7,794,900.
Co.
and
the
1947
New
York
Trust
Co.
act
con¬
as
G',542,819
$132,711
income
Total
Bankers
"will
to
on
or
P,
interest;
before
the
of
it
Series
Trust
3
due
trustee,
m.
p.
following
3%>,
on
first
June
16
Aug.
2,
refunding
1,
1969,
at
Wall
1948
St.,
New
receive
bids
sinking
mortgage
prices
York,
not
for
N.
$171,565
the
fund
exceeding
sale
bonds.
106
and
series
and
,
There
Of
will
be
$775,403.—V.
available
168,
p.
for
the
purchase
of
such
bonds
the
sum
148.
$465,329
$778,096
58,170
70,860
76,334
on
43,564
163,585
interest
149
910
"953
$14,682
$229,974
$413,527
shares
outstanding
650,000
650,000
507,000
share
$0.10
$0.35
$0.82
common
ASSETS—
Marketable
Notes
1943
hand
on
and
and
securities
accounts
at
Plant
receivable
equipment
cattle
Dairy
rehabilitation
Other
period End. June 30—
1,988.396
—V.
1948—Month—1947
448,916
Period Ended May 29—
Net
Bank
loan
Federal
Other
and
Federal
taxes
shares ,-outstdg,
Earnings* per •••shares y
—V.
(current)
other
for
liabilities
$1,654,827
—V.
1,839,793
461,347
income
1,046.538
135,978
(650,000
i
1948
surplus
12,023
650,000
3,748,723
5,422,067
,
650,000
3,747.060
•
5,525,872
$16,181,706 $16,241,986
167, p. 1463.
$16,207,250 $14,813,802
Quarters Ended April 30
:■
$628,546
•
"Ui-Mi
167, p. 2787.
-i
$1.25
ri.
•••a *.\r
$619,948
J 503.102
-
■1948—9 Mos.—1947
;$1.23
.
"
-
$3.95
•
i'
-
$4.10
Income
•"
Force
the
of
and
directors,
the
month—
the gov¬
made
by
program."—V.
substantial
financial
play
to
its
167,
part
ability
divi¬
of
the
in
the
govern¬
2577.
p.
Ended
April 17—
interest, depreciation.
charges
after
and
all
1948
1947
$393,303
$238,304
$23.85
$14.45
Federal
other
directors
have
declared
stock
Stock Distribution—
par
New
tribution
York
Curb
Aug.
on
value
There
19.
dividend, pavable July 30
853,850 shares presently
are
each.
Exchange
1948.—V.
2,
stock
5G%
a
July
will
168,
quote
the
stock
the
ex
dis¬
149.
p.
Dayton Co., Minneapolis—Note Placed Privately—The
July 13 announced that under arrangements
company on
made with Goldman, Sachs & Co. and
Piper, Jaffray &
Hopwood, it has borrowed $3,000,000 on a 2%% promis¬
sory note due 1963 from an institutional investor.
The
proceeds of the borrowing will be added to the com¬
pany's general funds.
The
taxes
income taxes______l
!—_1_ j.—
Net
profit
y!-—-*--i
Common <'shares'
Earnings
per
—V.
p.
167,
outstanding!-^--.**
common
648.
share;
operates
company
recent
years
has
leading
a
substantial
a
been
department,
of
program
store
store
in
Minneapolis.
expansion
and
im¬
underway.
Detroit Edison
Output
kwh.,
a
week,
and
Industrial
of 11.5%
increase
an
corresponding
Co.—Weekly Output—
week ended July
the
for
decrease
week
sales
from
of
last
10,
the
2.27
1943,
amounted
123,383,000 kwh.
the
over
to
for
106,835,000
109,189.000
the
preceding-
kwh.
for
the
year.
estimated
were
18.4%
from
the
V.
167,
at
47,383,000
kwh., a decrease of
preceding week and 3.7%
the
58,100.000
49,225,000
kwh.
kwh.
for
for
the
the
corresponding
week
last
year.—
2787.
p.
Diamond Alkali Co.
it
company,
Notes Placed Privately
—
The
—
announced July 13, has placed privately
First Boston Corp., $10,000,000 3% notes,
was
through The
due July 1, 1968.
The notes were placed with Metro¬
politan Life Insurance Co., New York.
John
permit
A.
Sargent,
the
expansion
struction
financial
company
and
of
to
Vice-President
round
product
chlorine-caustic
a
out
soda
said
that
$30,000,000
a
development,
extensive
modernization
company's main
Match
well
as
operations
which
plant
in
at
the
loan
of
program
addition
Houston,
the
to
Texas,
will
plant
con¬
at
Co.
further
as
Painesville,
includes
diversification
Ohio.—V.
168,
p.
of
the
149.
Notes
Placed Privately—The
July 16, has placed private¬
ly through Kuhn, Loeb & Co., an issue of $10,000,000 3%
notes due May 1, 1968.—V. 167, p. 2884.
it
company,
—
was announced
Diana Stores Corp.—June Sales Rose 17.8%—
Period End. June 3C-
1948--Month—1947
Sales
—V.
$1,127,230
168.
1948—11 Mos.—1947
Distillers Corp.-Seagrams
Period End. April 30—
Profit
after
ail
1947
1946
$179,913
$134,612
$466,495
68,369
51,153
177,268
excess
$111,549
$83,459
"339.423
339,433
$0.24
$0.15
$289,227
339.433
*
$0.76
there
(& Subs.)—Earnings—
$13,223,791
NOTE—The
1947,
Ltd.
1948—3 Mos.—1947
$18,043,991
5,333,153
7,566,070
profit tax.
profit
First-Out"
$11.737;765
accounts
inventory
was
1948—9 Mos.—1947
oper.
charges
Inc. &
$957,250 $14,135,049
44.
P.
a
$78,625,066 $71,762,943
32,335,855
29,450,164
$7,890,632 $10,477,921 $46,289,211 $42,312,779
$0.90
$1.19
$5.28
$4.79
Earnings per com. share
1948
-
$] ,986,782 ' ($2,065,608
i *503,102
503,102
503,102
■t
were
the government's aircraft
of
scope
impairing
business
$1
Net
Profit Jiefore
3: Mosi—1947
without
its
Air
program
191,268
7,891
share?)
surplus
2,262,500
49,516
subsidiary--
365,269
4,053,020
contingencies-'—-
stock
.in
on
debt
Minority interest in
Common
taxes
liabilities
current
Long-term
Reserve
$600,000
payable and accrued
and
Crowley, Milner & Co.—Earnings
profit after charges
Capital
Weeks
Diamond
431,730
$16,181,706 $16,241,986
-
Accounts
Co., Inc.—Earnings—
the com¬
793,838
LIABILITIES—
167, p. 2683.
Consolidated Textile
i
6,878,76'5
300,000
Total
1948—6 Mos.—1947
$2,059,071
4,584,439
785,160
fund
2,027,768
8.099,233
depreciated
assets
Paid
$2,473,303
25,111
3,144,115
-
and
$1,500,315
25,111
cost
1947
$1,390,775
banks
in
Inventories
Earned
Sales
and
out
carry
287,222
income
income
Common
Consolidated Retail Stores, Inc.—June Sales-
paid
conduct
under
taxes
Earnings per
Y.,
Q, 2% %, due Jan. 1., 1976, at prices not exceeding
interest; series R, 2'%%, due April 1, 1981, at prices not
exceeding 104.45 and interest; and series S, 37c
due March 1, 1978,
at prices not exceeding 101 and interest.
107
$710,524
67,572
Total
Co.,
$388,917'
6,701,394
76,412
deductions
for
8,641,385
38,854
income
Minority
-—•Tenders Sought—
size
judgment
record
$7,411,918
version agents.
The:
be
to
(he
preparedness
of
the
of
become known.
to
necessary
been
had
settlement
the
reconversion
known.
the
in
of
1946
$9,030,302
expenses,
depreciation!
Plant
Trust
opcr.
profit
Income
Cash
has increased the total common shares outstanding
shares.
The amount of debentures still outstanding is
Maniand
1948
$3,675,530
sales
Cost
debentures
then,
be
large
any
Subs.)—Earnings—
of
stock.
common
of
in
coniracts
in
oi
cost
peacetime economy had
and
stockholders
In
CCONSOLIDATED BALANCE SHEET, MARCH 31
stated,
B
action
made
the
Davidson Bros., Inc.—50%
$0.20
common
p.
effect.
in
of
3
This
1.315,404
The
$1,339,477
376,750
deben¬
that
company
at
common
conversion
shares
for
of
further
at
the
of
the
by
terminated
shares
was
converted
Exchanges.
given
had
three
thereafter
was
result
a
issued
to
debentures
July
been
As
consequently
cf
namely,
debentures,
Since
$1,959,503
338,244
594,900
$781,265
per
Prov.
1.
namely,
was
B,
have
56,032
$1,714,509
shares
15-year
been
Earnings per share of $7 preferred
—V. 166, p. 1992.
1,283,445
11,623
income
Net
Rat(?
1,947,880
taxes
States
Earnings
tures.
conversion
Until
however,
income
The
Mar. 29. '47 Mar. 23.' 46
charges
other
and
and
Common
Other
that
announced
debentures
adequate consideration
that, certain problems arisitfg
war effort were settled.
By
the
and
company,
probable develop¬
reasons:
government
appropriations
outstanding of
33,897
income
Interest
(including
—Bonds Converted Into Common Stock—
the
70-Group
The
1,680,612
income
3 Mos. Ended Mar. 31—
City
first
and
two
year
in
the
of
the
(3)
and "dividend
had
slaxes
condition
care¬
$16,268,211 $16,135,194 $11,165,050
Other
Consolidated Gas Electric Light & Power Co. of Bait.
2r/f
Mar. 27, '48
Operating profit
Creameries
National
full
on
states:
directors have
Cushman's Sons, Inc.—Earnings—
<.
Corning Glass Works (& Subs.)—Earnings—•
Definitive Bonds Ready—
The
definitive
the
the
agent, 2 Rector
2360.
Quarter Ended—
m
the
by
years.
for
last
progress
rearmament
provement
*
to
consideration
into
and
few
true
the end of
excess
can
taxes
decrease
a
is
proceedings
substantial
1948—that
company
16
shares
outstanding $5.25 cumulative preferred stock, series A, at $100
share, plus accrued dividends of 23 cents per share.
Payment* will
Federal
Tfyc company on July 14 announced (hat System output of elec(electricity
generated
and
puichased)
for
the
week
eifcled
July II, 1948, amounted to 180,800,000 kwh., compared with 187.400.000
kwh. far (he corresponding week of 1947, a decrease of 3.5%
Local
distribution of electricity amounted to 170,900,000 kwh.. compared with
until
financial
matters
This
out
1949
and
Army and Navy requirements have provided the bulk of
business for many years, but it. was not until last
dends
846.
p.
Sales
triciro
taken
earnings
next,
time could
present
requirements were not
514,864
Nil
167,
corporat'on has called for redemption on Aug.
Total
Consolidated Edison Co. of New
and
the
wy:;
o"
stock
common
1-940
of
<$188,521
514,864
249.
167,
t?
its
be
mort¬
public.
the
on
prevailing,
now
company's participation
and
"Now,
share
St., New York, N. Y.—V.
$293,107
$284,925
>?f'r
prudent.''
facts
present
interrelated
taken.
renegotiation
"2.
to
Balance for
the
over
profit
company's operations to a
NOT
outstanding
common
Corncll-Dubilier Electric
The
of
per
dividends.
282.299
225,000
shares
conditions
(1»
the
these
the
1949
earnings
deems
important
operations
It was not
of
Net
541,689
capital charges
before
534,233
1946
$687,610
profit
Earnings per
of
safely
Congress.
1947
1948
$1,084,022
906,520
taxi.
Interest and other charges
Balance
until
to
in
current
directors
business
ernment's
$1,251,930
reserve
*Loss.—V.
Oper. expenses
holdeih;
to
..,
pany's
Quarter Ended March 31—
Common
1948,
25,
Aug.
arriv^g at their conclusions, the letter
light
its
amount
$13,707,197
1148.
p.
Coppcrweld Steel Co.—Earnings—
1946
$1,084,522
$1,116,778
Nov.
remaining payabt
amount
.
or
more
completed,
1943
30—
of
the
current
ment's
1947
SI,447,376
(the
1948, and Sri
12, 1943.
earning
4,
Aug.
accumulated
of
payable
year),
payments
earnings
in
of
"1.
Varnish Co.—Sales Up
&
Co.—Earnings, Etc.
Gross operating revenue..
Other income
•Or)
stock
out
to
considered
its
out
Paint
Months
Special
Power
record
of
to holders of record
dividend
"A"
current
board
the
"Not
1947
$185,317
$1.93
preferred divs.
after charges
Federal and State taxes
River
1948.
a
1948.
dividend
Outlining
ment
$301,888
31—
charges and Federal taxes
Profit
Connecticut
the
4,
to holders
Dec. 3,
declared
the class
on
in
Aug.
1948,
on
conditions, the directors announced the following tentativepolicy for 1949:
-V
"Payment out ol accumulated earnings of dividends of $2 per sharr
on
the class "A" stock, and at least SI per share on the commo-i-.
(2)
Corp.
458,202
$0.63
.
share
1468.
%>,%■.•■'
2189.
p.
financial
369.000 shs.
Sales
$801,710
$0.61
stock
common
Earnings
—V.
$143,978
151,
stockholders, Guy W. Vaughan, President, says;
'■{'
"Barring unforeseen events or fundamental changes in economic and
June.
Divs.
stock
letter
a
then
167,
20,
also
share
per
record
Additional
165, p. 536.
—V.
.,
July 14 declared dividends out of accumulated
share on the common stock, of which $1 pet* share
payable
directors
such
on
on
per
Aug.
on
per share is
OFFERING
500,000 shs.
Purchase
income after
Six
Agent—
Trust-Co.,
&
Curtiss-Wright Corp.—Declares $2 Common Dividend
fully
—V.
Bank
stock.
PRESENT
TO
pari
corporation
agent,
Contract
Six
as
National
stock, par value $2.50.—V.
common
income
$206,276
debt
Atlantic
corporation
the
for
etc.
190,793
$1.8!
$1.73
y
Chicago, 111., has
transfer agent and dividend disbursing agent for the
Illinois
been appointed
"In
Cook
Balance
sales, pro¬
Ridge Glass
196,343
oper.
$691,383
J.] 381,596
—
Curtis Lighting Inc.—Transfer
2684.
merchandise
other
$659,587
1577.
p.
Continental
manufacture of
of the panels
for
manufacture
contract
with
The
approximately
for
Earnings per common shr.
$170,188
expenses
from
and
Blue
The
offered
presently
amount
will
Transfer
p.
Net
Net
423,700
~
—
.yy
dividend
stock
Common
325.917
and
taxes
of
one
Co.
all
receive
434,486
99,451
after
glass
metalized
panels.
is
with
468,326
107,798
taxes
Net
167,
of $1
corporation
contracted
special
heating
arranged
the
of
It
the
of
glass
units.
401,109
430,302
103,583
129,274
134.933
inc. taxes
407,500
taxes
-
—V.
1947
;
$12,620,018 $12,709,220
1.067,087
1,115,083
—
•:j?.
contract
$5,397,397
901,038
and State
income
taxes
profit
Capital shares outstanding
Earnings per share
accumulated
$1,555,431
Fed.
Blue Ridge
of Corning
corporation
an
Authorized
Operation
Depreciation
income
Net
heating devices fabricated from
such
corporation has entered into a further
space
elements.
heating
agreement with
affiliated company
into
of
the
glass
has
requirements
proceeds
Maintenance
lcvenues
before
Federal
originally /incorporated
under
the
name
of
Infra'Tectric
Corp. and its name was changed to the present name
was
Community Public Service Co.—Earnings—
1948—3 Mos.—1947
incorporated in Michigan
glass electric home heat¬
Avenue,
New
York,
was
radiant
at
Profit
May
on
CAPITALIZATION
Period End. Mar. 31-
Of¬
Heating Corp.—Stock
1943
sales
Radiant Heater
272,-
to
Glass
BUSINESS—Corporation
1946
systems
the
of
1947,
149,000 shares of
motion
The
Radiant
fered—Mercer Hicks
Co.
Weekly Output Increased 14.02%—
(Including wholly owned subsidiary)
March 31—
Months
6
Net
Continental
5
Cunningham Drug Stores, Inc.—Earnings—
—
National
the
after
below.
any
times
or
deems
its
sell
without
or
time
of
purpose
forth
set
as
At its option,
with
such
at
from
purpose
requirements
and
Co.—Registrar Appointed
(249)
City Bank of New York has been appointed registrar
200,000 shaies of $4.52 preferred stock.—V. 167, p. 2787.
for
not
plan,
the
of
date
interests
best
authorization
such
appropriate under the
thereunder, the following
or
orders
the
of
it deems market and other applicable
as
and
subject
date
effective
said
to
then unpaid balance of
referred to above or
the plan, Com¬
any
consummate
paragraph:
(i) Apply to payments on account of the principal amount of the
temporary loans all amounts from time to time becoming available
for
The
the
or
purposes
to
effective
subsequent
necessary
regulations
to
for
appropriate
expeditiously
and
be
may
funds
incurred
or
years
as
make
stockholders
extent
loans
necessary
monwealth,
as
provide
to
temporary
more
in
or
by
Commonwealth in
Consumers
Power
Co.
or
Light Co. except in accordance with authorization
permitted by order of such District Court.
otherwise
wid
stock
CHRONICLE
FINANCIAL
&
Illinois
granted
(e)
preferred
invested
amounts
Central
the
Consumers Power
entered
been
holders
COMMERCIAL
THE
Number 4717
168
are
subject
accounting
change
in
to
and
year
other
accounting
end finalizing of
adjustments.
On
method In
that
"Last-In
Aug.
whiskey
1?,
and
spirits purchased since that date by a subsidiary ;in the United States
and remaining on hand April 30, 1948, were not subjected to "LaSt-Jn
First-Out" inventory accounting.1 If they had, the net' profits, after
taxes, would have been reduced approximately $1,000,000 in the April,
1943, nine-month period.—V. 167, p. 1256.
'■"WuJrs.yMW
,J^.,u>-iLv /i*tf^itiiiHfi»ift1wimiiiinmfriirW'
6
■ESsi.
"•■■
(250)
Mr. Pepper Co.
p Quarter Ended
Profit
before
Federal
COMMERCIAL
THE
(&Subs.)—Earnings
March 31—
income
income
Eastern Utilities Associates
1948
1947
1946
$183,000
taxes
$351,000
$486,000
taxes
70,000
143,000
196,000
$290,000
700,000
$208,000
700,000
$0.16
$0.29
Operating
Operation
Earnings
—V.
$0.41
outstanding
share
per
167,
__
Retir.
Subs.)—Earnings—
Finch
1948—12 Mos.—1947
Other
company
July
on
for
300,000 shares
($1
Underwriter. Charles E.
establish
shops,
filed
8
par)
letter
a
common
debts and
notification
stock,
Bailey & Co.,
pay
of
to
Detroit.
Increase
be
with
the
offered
Proceeds
shares
of
41,635
629,188
757,035
550,575
Shares
733,108'
holder.—V.
100,104
1,158.315
83,521
756,628
816,416
$123,388
$154,323
$1,469,501
$1,579,644
56,720
49,051
570,820
434,933
taxes-—
income
oper.
income
__
(net)
income
Deducts,
$180,108
$2,040,320
$203,373
Net
32,974
30,791
383,422
417,869
$147,135
$172,582
$1,656,898
$1,596,708
requir.—Blackstonc Val. Gas & El. Co.
to minority interest
77,652
77,652
22,343
22,09)
from
inc.
gross
working capital.
div.
Pfd.
Period Ended March
Optrating
31, 1948—
3 Months
Operating expenses
Maintenance
Prov,
for
Taxes,
$999,002
79,762
315,989
58,462
193,749
14,077
48,160
25.597
I
71,923
I""
retirc.IIII
renewals, replacements' &
than Federal income taxes
other
Operating
Other
income
income
__
$58,648
3,815
Util.
of
Eastern
$1,556,903
$1,496,957
above—
$1,556,903
$1,496,957
—-
205,253
286,587
$1,783,545
192,363
168,549
Utilities
Associates
applicable to
shown
as
income
17,568-
and
taxes
interest.
from
Dividends
from
20,958
period
In
ended
such
for
March
31,.
income
1948
gives
taxes
105,000
$0.28
$1.88
for
effect
to
the ' twelve
Fall
for
Co.
in
Elec.
River
Light
order.
to
mechanical
in
always
are
it
reasons
companies
arrange
However, they
position
is
income
return
of
goods
—V.
always
alphabetical
alphabetical
Selling,
near
Interest
167,
Sales
from
Prov.
275,389
for
Fed.
Fed.
205,097
20,034
21,647
5,149
3,814
6,517
$990,477
$515,388
sale
of
368,000
189.000
which
56.000
for
$326,388
the
$111,862
4,332,522
_
Total
surplus
on
2.951,256
at
per
end
of
Co.
The
-Clyde B. Morgan,
materials
downs..
68,349
$2,572,457
$1.53
$0.96
$0.33
It
deemed
was
20 said:
recognises the fact that
the
increases
possibility
prudent
to
f
•.
'
current
the
assets
for
reserve
to
in
BALANCE
current liabilities
Receivables—less
Inventories
the
assets
reserved
vested
Plant,
in
U.
S.
construction
1,246;630
2,469v937
96,671
127,037
reserves)
7,409,158
6,562,139
$025,532
payable—common
Other
accrued
Bonds
$647,320
8,000
192.000
income
on
stock
85,437
68,349
callable Oct.
First
2%
liabilities
mortgage 3%%
notes
Res.
for
Other
bonds
due
Oct.
1,
471,000
1959—
stock
future
invent,
(par value
$10
$1,100,000
$265,000
at
March
U.
of
31,
S.
166,
(&
Interest
Judge
and
Balance
debt
at
March
"31.
4 '/a %
on
prior
to
1947
the
classes
feet
1948
of
the
to
pref
6',
pfd.
4,419,057
1,833,809
$7,460,517
1,108,729
stock
feet
the
of
6%
preferred
stock
1,108.729
$6,351,788
$4,815,660
$16.98
$12.37
share
The
company July 13 received
certain construction and
permission
engineering
$20,000,000,
Standard
Oil Co.
projects
other
Venezuela.
will
Ebasco
Leahy
the
of
further
the
will
the
Creole
Engineering
services,
SEC
proposes
to
Ebasco
proposes
engineering
latter's
supply
all
to
expected
Corp.,
Service
extension
Lake
Maracaibo
to
conduct
Engineering
of
such
to
purchase
companv
initial
working
working
Co.,
a
to
for
than
Juan
Pipe
daily
gas
capacity
for
be
to
delivery
of
industrial
other
operations
shares
capital.
168,
Dec.
167,
of
on
per
would
income
,
of
1947.—V.
168,
three
all
of
Virginia
bids
submitted
Electric
with
number
which
it
of
&
the
Power
Virginia
proposed
to
pay
outstanding.
signed
of
of
Third
being
order
an
redemption
in May last
classes
is
fund
to
\an'ai
the
full
must
purchase.
bills
Company
mature.—V.
inviting
is
$14,000,000
Co.
This
store
N.
first
will
be
of
up
167,
in
The
be
paid
price
all
on
not
than
more
funds
92
clays
be
to
are
for
from
its
of
with
July 21.
stockholders
the
on
Jan.
1
in
stock
common
$2
cumu-
of
holders
to
1948—6 Mos.—1947
$3,606,144
to
11
the
for
(EDT)
a.m.
$3,438,935
stock,
14
of
$4.50
declared
payable
on
said
purchase from
it
1,
1973.
Such
25
of
clear
to
all
up
preferred
stock,
both
payable
same
food
12
dividend of
10 cents
per
share
preferred stock was also declared, payable Jan.
Dec.
1, 1948.—V. 168, p. 45.
and
the
on
holders
to
the 20-c?nt
to holders' of
at
temporary
$7.50
mine,
loans.
each
cross-cut
There
are
the
to
no
funds).
and
zone
ore
Proceeds
underwriters.—V.
for
167,
trustee,
1,
next,
15th
101%
at
15-year
office
3' >'7
of
and
and
sinking
Tac
Pcnnsvl-
Chestnut
Sts.,
of
chain
a
of
retail
food
supermarkets
to Florida, reached the
century mark in
opening on June 30, 1948, in Atlantic City,
department
resort
lot
for
The
new
built
on
store.
city,
is
than
more
100
Food
Fair
50,000
a
unit,
square
>
cars.
plans
the
of
progress, George Friedland, Pres¬
for the opening in the second half
call
previous
of
field
w
11
be
repayment
433.
p.
\
corporation's
current
1947
began
Despite
ended
to
.
.
last,
he
the
first,
top
the
dost
for
time-since
margins throughout the
the abnormally high level
from
projection
20,
for
.
profit
recede
the
March
year
when
the
the
of
observed
profits
decline
income
net
ihto
the- 28
for
ending
especially
in
these
days of high
costs.-^V.
construction
Food Machinery Corp.—To Vote
Sept. 3
167,
A
There have
been called
approving
on
a
for
redemption
p.
Merger-
on
-k
Aug. 1, next, Mi inv% and
w.th and into this coiwpany of Westvaco
merger
Chemical Corp.—168,
150.
on
.
Gamble-Skogmo, Inc.—June Sales Up 9.97%—
Period End. June 30—
Sales
Appliance
Corp.,
Springfield,
Mass.—Files
SEC—
on
July
8
shares
(10c
pari
company
219,695
to
be
offered
stock
General
of
in
rate
of
for
2ta
for
of
for
of
Corp.,
each
the
of
this,
rate
each
of
American
Appliance
American
shares-for
Of
with
the
200,610
SEC
shares
outstanding shares of
at
three
of
notification
stock.
300,915
General
shares
7,634
common
letter
a
common
Time
stock
shares
19,085
exchange
filed
exchange
Amer can
Appliance
additional
in
$67,169,385
2578.
p.
General
mon
1948—6 Mos.—1947
$13,725,058 $12,480,898 $71,263,601
167,
With
1948—Month—1947
:
~
—V.
Time
two
shares
Time
stock
stock.
will
be
preferred
preferred
com¬
share.
This
the
st4ock>t
"under¬
No
-
company had a
date for the
record
William
W.
More
\
and
of
Secretary,
35'%
of
249,457
cents
the
stockholders
share
per
announced
stockholders
dividend
on
July
the
of
as
holds
less
than
outstanding.
total
charitable
Brokers,
less
other
and
500,000
shares
is
less
2%
of
all
10.7%.
GE stock
owning
than
small
are
and
2%
other
Tire
Corp.
of. the
business
while
trustees,
educational
Various
total
;
■
stockholders,
number
"
"18,
July 26,
7.
company
banks, bank nominees
than
fiduciaries
institutions
which
>
*
June
of
payable
owning from one to 10 shares, Mr. Trench pointed out.
stockholder, he said, is the GE Employees Securities
largest
which
Trench,
than
total
40
of
The
offered
General Electric Co.—Number of Stockholders—
,
Can.—Registers With SEC
(American
the
at
2360.
stock
The company on July 7 filed a registration statement with the SEC
covering 6757000 shares (SI part common stock and 405,000 common
stock purchase
warrants.
A total
of
125,000 units will be offered,
consisting of live common
shares
and
a
stock purchase
warrant
good lor purchase of three shares, for each 25 shares held.
Units
offered
the
1946.
enterprises
de-water
Trusts,
seashore
on
store
in
guardians
Eureka Corp., Ltd., Toronto,
Aug.
on
$80,000 of
made
July
10,
may
measure
up
to
the
$1,579,789,
or
92
cents a common share,
reported for the 28 weeks ended July 12, 1947.
In addition to the
opening in 1949 of supermarkets on sites recently
acquired.
Mr. Friedland s*ia.
an
oxien&.ve
program
of
remodeling
older units in the chain will be furthered.
Sales experience in .stores
recently remodeled, he said, proves convincingly the efficacy tff this
oi
on
1
be
York
the
quarter
weeks
holders
semi-annual
monies,
and
parking
period
opening
reached
share
July '21.
July 21.
usual
Sidlo, Simons,
1948
the
per
arrearages
1
and
writing.
cents
Sept.
a
that
are
Aug. 31 to holders of record
the common stock since 1936.
share
per
dividend
a
Colo.—Debentures
of 12 or 14 additional
units, from Florida to New York,
company's dollar sales for
the
entire
year,
he predicted,
may
$14O,00O,0C0,
which
would
compare
with
$121,765,206
in
1947,
previous peak year.
Thanks to larger sales volume and closer
control, he said, earnings in recent months have exceeded those
after
reinvested
700, 435 Sixth
July 20.—V. 167, p. 2131.
on
Denver,
redemption
fund
food
that
Commenting
The
dividend
of
payable
$667,419
Inc.,
operator
New
with
100th
in
site
2685.
proposals
lion,
corpora
J.,
tast
bonds, series due Jan.
the c.omoanv at Room
bv
first declaration
convertible
to
of
share
per
share
per
record
745.
p.
Payment will
Banking
operation
third
had
three
regular quarterly dividend of 75 cents per-share have been declared
be
share
$1
declared,
cen.s
the
unani¬
Philadelphia
originally
SEC
redemption
The
p.
sealed
July
on
common
dividend
record
of
1948—Month—1947
Sinking
or
foot
invest
Engineers.
upheld
was
Appeals
SEC.
mature
mortgage
received
Pittsburgh,
directors
The
50
December,
one-fifth
of
of
holders
to
in
2578.
the
the
$3
167,
Merchandise,
for
the
also
wa-
21
made
Fishman Co., Inc.—June Sales 13.6%
Higher—
p.
extending
entitled
senior
the
^"'k
dividend
a
Aug.
was
Opens 100th Unit—
pending
are
should
only
par
to
held
liquidation
decision
of
the
and
the
45.
p.
Philadelphia, Pa.
p.
company
has. been
stockholders
in
This
by
pay
directing
that
year
Court
bills
on
declared
dividend
1948.—V.
debentures.
program,
money
prices
preferred.
Circuit
contested
company
said.
The
semi-annual
1,
168,
Food Fair Stores, Inc.—Partial
Redemption—
of
week
sufficient
a
$900,000
The
of
14
payable
There have been called for
ident,
268'4.
Co.—Rejects Bids for Vir¬
holdings
bids
the
approximately 1,5%.
To Furnish Propulsion Turbines and Gears for
Large
Tankers—
'
^
Propulsion
turbines
and
for
goals
more
than
one-third
the
of
;
30
large oil tankers now under construction or under contract in this
country will be supplied by the company, according to Earl K.
Henley,
Manager'of its Marine Division.
"
-
Finance Co. of America, Baltimore, Md.—Stock Div.—
cost
subsidiary
Creole's
and
$50,000.
capital.—V.
65c
at
Roberts & Co., Denver, on June 30 offered
$300,000 5%
serial debentures at
par.
Proceeds will be used to pay
bank loans and increase
working capital.
from
gas.
the
inadequate
as
subscription
under¬
The
directors
shares
three
through
whose
It
p.
of
These
is
the
a
name
common
funds
understood
44.
1948.
of
areas
Inc.
1,000
for
rate
disbursement
together with subscription
rights of shareholders, is ex¬
1.—V.
Offered—Peters, Writer & Christensen
the
remaining
ruled
of
will
that
Scrip
The
A
of
and
share
on
to holders of
on
the
of $3
stock
per
authorized
8
common
and/or class B
the
issuance
stock, $100
common
of
an.
common
stock
from
stock
also
the
on
July 8 declared
classes
A
Sept. 3.
•
and
B
were
made
a
stock,
on
March
on
15
which
payable
shares,
Sept.
15 —V.
company
also
is "supplying
of
16
turbine
400-kw.
motors
and
*
control
for
generators
equipment- for
.
Acquires Brockport, N. Y., Plant—
•
-
dividend, of $2.50
quarterly
and June
The
ship's service and «
variety
"these and other tankers.
The
outstanding-
10,000
\
quarterly
common
to
\
fast, long-range tankers, being built in a number of East
shipyards, will be driven by GE turbines and reduction gears.
Coast
isstied^,
15
This will be equivalent to $3.57 .per share
outstanding at present,
share
shares
7,000
;
lecord
additional
value, for each. seven
outstanding on Aug. 31,
par
for .fractions of a. share will be
this -readjustment will be to 'increase the
B
par $100.
The directors
per
A
certificates
effect
classes
July
on
class
shares of class A
major
the
per
Eleven
the
Jersey.
include
in
and
from
Petroleum
$30
at
prospectus,
$758,148
—V.
daily from the Permian
p.
corresponding
such
used
subsidiary, Meridian Engineering Co., Inc.,
changed
constitute
the
New
facilities
wholly-owned
Ebasco
for
of
a
payment
Sales
and
later
San
of
the
and
stock.
The investment
of escrowed
funds is
to
be
made
through sub¬
scription
or
open
market purchase in U. S.
Treasury
bills,
Judge
$5,924,589
2684.
p.
per
for
dividend
dividend
new
subscription
July
stock,
o'-p>rred
record
distributing
not
with
of
Arizona.
gas
167,
first
System input" of subsidiaries
78,369,000 kwh., an increase of 18.-
to
company's
their
the
of
record
3,474,804
5,345,719
1,851.706
Ebasco Services, Inc.—Construction
Services Sanctioned—
Creole
of
but
This is
Earnings
usual
1-fvn
by
said,
Corp.—Weekly Input—
8,
over
proceeds
debt
three
by
Will
stock
the
capacity
area
provide
1953.—V.
rejected
the
it
net
March,
Avenue,
3,569,465
discount-
applicable
167,
be
1,
cubic
County,
would
cubic
July
,
has
Leahy
the
on
$18,227,407 $15,652,259
income
requir.
to
150,000,000
Mohave
amounted
30''
of
part
2,503,752
3,209.295
16,155
1948
—
is
and
financed
Construction
Bay
preferred
proposals
Subs.)
Depreciation and depletion
The
be
delivery
feet.
has contracted
The
250,000
2660.
April 30—
consolidated income
Provision for income taxes
and
will
denvered
escrow.
3,417,470
notes
p.
Total
about
Jan.
ended
determination
350,000
Treasury
1947—V.
Eastern Gas and Fuel Associates
12 Months Ended
take
than
be
whether
A
—V.
transport
Mexico
construction,
feet
final
$14,110,518 $12,575,233
deducting
and
Earned
to
New
stock.
bank
26,623
3,417,470
2,503,752
share)
——
"After
Div.
facilities
Equity Corp.—Resumes Common Dividend—
Total
Net
Commission
Equitable Gas Co.—Bids for Bonds Asked—
4,769,562
1948
to
any.
on
similar
a
interest, out
of
Judge Paul Leahy has
$4,000,000 now held in
1,679,000
decline-
price
per
sub¬
1,937,000
payable to bank—due 1949-1952
possible
133.892
200,000
reserves
Common
Power
from
and
cubic
can
phase
after
174,142
1, through sinking fund
payable—bank
Notes
daily
California
Paso
in
100.000,000
or
portion
ordered
LIABILITIES—
Federal
the
purchase of
company
mously
*Accrued
operate
has
Told by Court to Invest $4,000,000 in Escrow—
535,000
$14,110,518 $12,575,233
Dividend
Texas
El
connection
'
.
quarterly
The
the option of accepting
the-cash payment. •
of
Ti-.e
weeks
the
to
Total
subscribed
Corp.—Resumes Common Dividend—
directors
having
the
common
off
(in¬
purposes
property and timberlands (less
$33,549,443
company
Federal
phases
two
to
gas
construction
week
a
1,099,955
Treasury notes)
taxes
The
(M. II.)
149.
shares
1947
;
for
the
a
kwh.,
45,
The
$534,535
2,848,582
pulpwoodi
Pulpwood and logging operations
Funds
Wc^t
in
Engineers had asked
i,570,590
L414[358
reserves
the
of
Period End. June 30—
$36,901,647
gas
100,000,000
Engineers Public
31
$771,159
(except
Miscellaneous
157.911
for
for
addition,
later
for
MARCH
hand
on
l,37i,298
ginia Electric Stock—
has
1948
banks and
issuance
First York
retail
possible
year.
SHEET.
of
$1,726,297
1G48—6 Mos.—1947
and
natural
Electric Power & Light
pp.
(Including Canadian Subsidiary)
ASSETS—
Cash
In
at
Co.
beginning of the
CONSOLIDATED
Basin
for
not
092,000
constantly rising cost
of future inventory write¬
increase
set
shares.
evidencing, the
16,152
previously,
the
to
300,000,000 cubic
supplying
of* this corporation
inventory price decline from $250,000 to $350,000.
Working capital from operations increased $527,219
during the first
quarter to $5,240,578. Ratio of
increased to 4.84 since the
filed
the "company said,
by a bank loan.
and
additional
an
*.!Pdr
the
future
be
to
nibs:
a
the' common
68,267
$3,209,295
President^on April
management
raw
85,437
share--*
common
time
Flaks
River
additional
second
Basin
$2,640,724
$4,769,562
period--
to
1,000,000
1947,
is
1951.
delivered
•
Balance
Earned
stock-
$3,277,644
of
planned
provide
an
Permian
1,
2,528,862
$4,854,999
—
common
intend
the
on
In
expected to begin during 1950, the company
completed so that 150,000,000 cubic feet per day of
Oct.
of
Dividend
The
period
directors
on
1,371,298
$6,018,175
construct
to
feet
is
would
companies
100,000
of
shares
new
pected to. be sometime before Sept.
51,641
Co.—Project to Cost $46,500,000—
application
Colorado
securities
Line
beginning
the
share
53
1948—Month—1947
applications
$46,506,059,
phase
be
to
in
$522,477
at
for
cubic
the
project
second
$167,862
future
the
■
financing is expected to increase the company's capital by
approximately $2,000,000 and its surplus by some $12,000,000.
The company has indicated that,
upon
completion of the financing
100,703
—
$6,598,680
authorization
to
proximate
17,929
decline
held,
-
new
91.772
delivery to companies distributing
gas in the Bay area of California, including the cities of San Fran¬
cisco, Oakland, and Berkeley.
Cost of the project is expected to ap¬
$149,933
20,640
incomes-
on
Texas
first
Net
Surplus
oi
$494,748
inc.
on
now"
l'jie
$1,894,846
paid
amended
an
The
26.638
possible
price
<
approval of stockholders having been obtained, the company is
proceeding to meet the necessary SEC and other requirements in
order to offer shareholders four
new shares for each five of
the old
2577.
p.
400,000,000
$963,839
taxes
taxes
for
ventory
228.847
income
before
Provision
2,349,401
operations
Miscellaneous
Profit
1946
$2,729,892
2,797.132
deductions
F.
received
now
2788.
substitute
a
seeking
1947
$3,545,910
exps..
recapitalization pro¬
Crafts, President,
representing well
James
been
warrants
157,911
paid--
dividends
p.
——:
mitted
1948
debt
on
Miscellaneous
Profit
gen.
18.
have
majority of the outstanding shares.
1
plan involves a reduction In the par value of the present shares
capital slock from $10 to $7.50 and an increase in the number of
authorized
shares
to
1,000,000
with
an
aggregate
par
value
of
$7,500,000.
$1,535,248
dividends
—V., 167,'
10,000
shipping &
company's
June
on
consents
286,587
—
Period End. June 30—
$4,535,040
3,279,295
sold
14,000
share.
stock¬
per
selling
of
The
income
Convertible
(Incl. Canadian
Subs.)—Earnings-
3 Months Ended March 31—
sales
Cost
$6
to
a
54
taxes
El Paso Natural Gas
Net
written
the
approved
announced
was
that
14,977
Common
As
Eastern Corp.
at
go
1586.
p.
stockholders have
which
over
lieu
Net
Public
not
exact
as
will
$1,608,259
Interest
possible.
as
The
stated
Edison Brothers Stores, Inc.—June Sales-
NOTE'—For
offered
205,258
Co
taxes
Federal
saying
the
possible
be
$1,614,995
85,565
General
months
substantial
£
taxes
resulting from the joining with East Coast
filing !of a consolidated Federal income tax
the period
January 1 to October 10, 1947.—V. 167, p. 1921.
Service
to
Proceeds
antially greater percentage of investment
than has heretofore been
paid to stockholders'.
Expenses
$198,163
105,000
-
Federal
167,
$1),
(par
privately.
*'46,774
•
"The, provision
stock
placed
$1,522,357
Assoc.—(Holding Assoc. only):
subsidiary companies
Dividends
52,625
$29,094
qtustanding
be
$1,727,615
Util.
$297,562
income taxes-
share
for
$1,569,793
Total
per
SEC
Recapitalization Voted—Rights to Be Issued—
share.
Balance
12.411
Net
Earnings
capital
then constitute
$62,462
deductions
income
Common shares
the
Fireman's Fund Insurance Co., San Francisco, Calif.—
shares
companies
Total
Expenses,
.
income
Assoc.—
subsidiary
Non-subsidiary
$27,9,994
,
Provision for Federal
Associates—
$1,762,161
Eastern
Earnings
Eastern
Gross
Income
Eastern Ut.il.
to
89,187
19,732
"IIIIII
~_™I
;
Applicable
12 Months
$256,278
*%%%«-
power
With
Y.—Filing
with
The
Co.—Earnings—
revenue
Purchased
N.
filed
The
income
Applicable
East Coast Electric
$2,014,577
par.
used
Inc.,
was
1,149.537
66,651
letter of notification
a
will
60,303
gram
SEC
at
be
will
July 13
57,733
taxes
income
Gross
to
On
104,674
General
Bunk Donut Corp., Highland Park,
Mich.—Files With
Telecommunications,
SEC—
62,393
SEC—
The
Monday, July 19, 1948
44.
p.
Utility
|
883,399
,
accruals-
reserve
Federal
700,OOQ
CHRONICLE
$1,158,742 $14,630,266 $13,321,349
718,851
9,859,59)
8,496,068
$1,298,238
revenues
Maintenance
profit
Capital shares
(&
1948—Month—1947
Period Jsnd. April 30—
$113,000
Net
FINANCIAL
&
company
square-'obt
H.
L.
-and
completing
negotiations
to
purchase
an
80.000-
merchandise
department.
Title
was.
expected
to pass
to
u.
%
July 15.
'
The
on
tf
plant built in *1946, was .owned by Standard Brands, Inc.,
used -briefly
in food processing.
It
will be us°d ' v General
distributions
and
166, p.
Electric
2102.
is
Brockport, N. Y., it has been •armoun"od by
Vice-President in charge of. the company's appliance
factory- in
Andrews,
,
for
the
manufacture
of
electrical
appliances.—V.
168,
p.
150
\
i
Volume
*
168
Number 4717
THE
General Motors Corp.—June Car Production—
Hightstown (N. J.)
This
corporation produced
164,066 passenger cars and trucks in
United Scates and Canada
during the month ox June, compared
161,066 units in May.
Of the total vehicles produced in June,
the
with
122,342
were
Tuldi
last
passenger
e-u'
cars
nu
pro
:
date
to
year
is
iruuic
1,062,359
41,724
.on
compared
with
Period End. June
the
for
VEHICLES
BY
*
15,140
Pontiac
V;.
382.103
&
197,011
•
137,"437
,110,127
The
96,987
95,701
scribe
135,296
125,890
5,402
29,022
28,689
19,910
"
125,015
.
Coach—
GM' of
41,867
3,304
5,228
36,125
29,420
2,602
177
15,u29
2,507
2,250
Trucks
—.
into
six-tenths
of
stock
common
share- of
a
is
new
-Total
"
168,
11.
164,066
26.000
basis
of
record
shares
of
one
of
June
10
share
for
921,929
June
for
28,
•The
9.2'.
corporation
141,100,058
to
the
over
,
this
of
output
ainoun ed
1948
or
ectric
e
ah
kwh.,
corresponding
the
for
week
sale
the
at
same
five
net
price
$3.25
of
share
per
to
9,
-
adjoining
acquisition,
and
last
Telephone
assets
to
31
Corp-—Changes in Holdings—
Consolidated
Associated
Telephone,
Telephone
of
sold ' its
subsidiary,
a
Associated
physical
at
$30
assets
share.
a
of
Co.,
Farmes-Citizens
Genera.
Telephone, for $21,647
located
in
Associated
Telephone
also
acquired
who
and
key
did
stated
April
value
23
it
common
ferred
the
State
of
and
of
Corp.,
Net
subsidiary „of
a
shares
outstanding
168,
of
corporation also reveals that
the 6,570 shares outstanding
the
of
shares
1,314
Telephone
Corp.,
Northern
of
outstanding
and
Indiana
of
Telephone
It
is
cleans
intended
forms
its
polish
a.liquid
and
matter
a
on
—V.
being
marketed
chrome, nickel, brass
for
porcelain
and
cleaner
type
for
and
enameled
first
copper;
surfaces;
upholstery,
a
and
rugs
—V.
dividend
the
of
167,
City
to
of
Oct.
New
Federal
are
4948—5 Wks.—1947
$10,966,178
-
150.
p.
-
a
Chase
of
July
13
whom
of
have
of
Co.;
of
the
Law
Stores, Inc.—June
Quarter
Net sales
Ended
March
31—
Common
shares
Earnings
1947
1946
564,200
553,800
544,450
*$0.60
*$0.04
preferred
on
r
stock
1948—Month—1947
and
ty Bank Farmei'3 Trust Co., agent, 22 William St., New York,
until 3 p.m. on July 30 receive tenders for the sale to the
company
of its $5 cumulative preferred stock at not
exceeding $93
per share.
The directors- on July 8 appropriated
$500,000 for this
purpose..—V. .165, p. 2002.
of
&
Ohio
RR.—Underwriters
the underwriters of
Trie
Stuart
&
&
Co.
of
&
-•
J
Otis
&
Weeks:
B. *W.
The
L.
>
>
•
Fizzini
Thomas
F.
&
S.
&
p.
the
corporation
to
be
of
and
&
658,113
453,208
453,208
$112,613
$500,034
$434,983
adjustment
on
income
bonds.—V.
14
p.
will
June
fund
working
present
capital.
retire
to
unsecured
vote
in
the
effect
a
future
near
stock
from
three-fbr-one
shares.—V.
162,
on
200.000
split-up
a
July
filed
7
indebtedness
loans
carrying
Manufacturing
of
to
30,
of
30,
the
on
July
13
later,
stockholders
for the proposed
issue
stofck.—V. 168, p.
151,
of
announced
the
fixing
entitled
59,597
j
to
600,000
working
common
with
of
higher
a
Co.,
notification
capital.
share
securities
with
167,
to
shares
of
it
a
had
presently
record
receive
of
its
,
postponed
•>
rights
date
for
J:
to ,a
/
the
to
preferred
;
subscribe
convertible
at
901
Main
St.
Dec.
indebtedness
28,
66
in
1907,
years
,
F.
rate
Detroit,
with
which
until
runs
following
Aug.
at
1,
man
in
shows
every
the
"p.
2579.
in
the
of
one
operating
Income
the
results
'
Taxes
"Income
Taxes
Actual
Taxes
Net
$2,887
tNet
,
Income
.Income
$15,662
$4,754
Actual
18,064
2,507
4,142
13,921
$17,529
15,556
2,843
3,978
13,217
14,353
7,235
34,453*
7,539
20,618
20,922
22,030
65,224
37,554
25,131
106,120
46.885
171,344
124,458
252,161
97,006
155,155
66,197
124,866
203;615
158,846
158,846
88,990
88,990
99,605
144,681
55,690
24,010
5,500
' 55,690
*
5,500
at
present
net
rates.
bn present
tBased
proceeds
(estimated
remodel
the company's store building,
general corporate purposes.
for
UNDERWRITING—The
tiohs are as follows:
underwriters
and
18,510
reduce
their
18,510
rates.
$226,250)
to
90,506
to
are
bank
be
used
indebtedness,
respective
participaNo. of slis.
Mcroney,
Beissner
Co.
&
Neuheus
1,667
Co.
&
1,667
Knickerbocker
&
Lakefront Dock &
fered—Offering of
1,666
Railroad Terminal Co.—Bonds Of¬
new issue of $9,250,000 first mort¬
a
3%% sinking fund bonds, series A,
gage
was made
July
15 by a banking group headed
by R. W. Pressprich & Co.
The bonds are priced at 99.66% and accrued
interest to
yield approximately 3.90% to maturity. The offering is
being made subject to approval of the ICC.
Associated with R. W. Pressprich & Co. in the
Shields & Co.; White, Weld &
at
par.
offered
company's
plant,
Baker,
offering
are
Co.; Drexel & Co.;
Harris, Hall & Co. (Inc.); Lee Higginson Corp.;
Paine,
Webber, Jackson & Curtis; Auchincloss, Parker & Redpath; William Blair & Co.; Francis I. duPont &
Co.;
Laurence M. Marks & Co ;
Baker, Watts & Co.; Emanuel,
Deetjen & Co.; Green, Ellis & Anderson; F. S. Smithers
& Co., and J. C. Bradford & Co.
SEC
p.
$28.70
of
owned
on
this
company,
adjusted
May
31,
to
1948,
outstanding
market
and
prices,
$26:32
on-
2579.
Fund, Inc.—14-Cent
issue
awarded
was
bid 99.2999 for
Dated June
December
fund
1.
1,
To
be
July 14 on a bid of 98.71. The First Boston,
Halsey, Stuart & Co. Inc. 99.2699 for 4s.
and
4s
1948;
due June
Toledo
by New York
Co., trustee.
Trust
Stock
1,
guaranteed
payments
will
be
Interest payable
1968.
to
as
Central
principal,
RR.
made
and
list
to
June
interest
and
Baltimore
the
bonds
&
1
and"
sinking
Ohio
RR.
the
New
on
Exchange.
PURPOSE—Proceeds
to
are
be
used
by
the
to
company
reimburse
for approximately one half of the
advances, totaling not
$18,500,000, made and to be made by the railroads to the
.less thari
for
the acquisition and construction of the facilities ~0f the
company,
ana
the
railroads
will
be
reimbursed
for
an
additional
$9,250,000 of Such advances by the issue to each railroad of
46,25jO
.shares (par $100) of the capital stock of the company.
Of the total
company
.
92.500
to
Distribution—
13 declared a quarterlv dividend distribution
for the third quarter of the current fiscal year,
each
a
shares
of
the
to
be
so
railroads
issued,
in
the
has
company
settlement
part
of
such
issued
shares
50
advances.
COMPANY—Company was organized in Ohio, Aug. 25, 1945, and is
joint- undertaking of New York Central RR. and Baltimore & Ohio
designed to provide deep
water lake
front facilities
for
the.
RR.
from
vessels
and
the
interest
net
Fund
paid
and
dividends
dividend
as
income.
follows:
Feb.
were
20,
May
21
$10,066,457.—
economic
Twohy,
of
Loan
Santa
Monica,
Calif.,
former Governor of
Administration, has been elected Chair?
succeeding E. E. Crabb, who remains
as
President.—
159.
Proceeds
preferred stock (par $10)
go
to
selling
stockholders.—V.
167,
expeditious
.interchange
between
railroad
and
cars
iron
coal
and
in
iron
ore
Toledo
were
about
located
five
and
on
the
seven
east
miles,
bank
of
the
respectively,
Maumee
from
its
mouth.
To
accomplish
offer
Bank
and
operating on
ore, routed
the Great Lakes of bulk freight, chiefly coal
through the Toledo gateway. Prior to the time
the
facilities
of. the
Company
were
placed ~,in
operation,
separate
facilities of the Central and the B&O for the
loading and unloading"
and
of
Minneapolis, Minn.—New Chair¬
Irwin-Phillips Co., Keokuk, Iowa—Stock Offered—
Slay ton & Co. early this month offered 10,000 shares of
5% cumulative; participating
at' pa A
Company
.
engaged
...
59,584
stockholders of record July 30.
A like amount was
May 21, this year.
The current distribution is
to
of the board,
166, p.
and
carry
1977.
profit
a
tabulation
28,157
Corp.
the
Underwriter,
12 cents each; and Oct. 27, 17 cents.
the Fund as of July 8, 1948,
-
ago.
Houston
99,605
July
on
Federal Home
to
17,196
McClung
'
'
shoes, men's furnlshirtgs, ladies'
accessories.
Company occupies its store
$20,416
of
Stock
exclusively
James
$51
the, railroads
1947.-—V.-
1947,
of
gnd children's
:
The
letter
Total, assets of
;167, p.' 2468.
the
;V.
that
was
258,452
America, Los Angeles, Calif.—Net
value'per
1948,
14 certts per share
derived
V.
2942.
p.
The
bank
of
Before
York
Co.
price
a
on
accrued
approximately $226,250 net'alter
company's store building at
328,482
9
a
Texas.
time
any
with
.
demand
/
the
reduction
Profits
Detroit.
Investors Syndicate,
man Elected—
proposal
shares
at
the
ladies'
lease
a
years.
Underwood.
serial sinking
bank
at
at
185,963
237,976
to
46.
1329.
$28.36, .compared
During
150.000'
common
redeemable
incorporated
originally
established
and
wear,
PURPOSE—The
Works, Inc., Greenville, S. C.—Deben¬
to
• '
'
■
and
168,
46."
purposes.
business
".Calculated
659,095
90,641
compared
p.
Hoiiston,
part
together
1947—-
$677,320
131,855
supplement
Co..
and Aug. 21,
Paper Co.—Plans Stock Split-Up—
announced
determination
$611,287
90,642
used
on
payable Aug. 20
paid on Feb/20
200,000
Heyden Chemical Corp.—Offering Postponed—
The
,
750,000.
authorized
a'
to
River
shares, in order to
outstanding 180,000
! date
of
,
2788.
stockholders
increase
company
Investors
200,000
Company 1
& Co., Inc
Hamniermill
The
:
168,
1946
48,394
t
$89,146
164, p.
The .directors
,,
100,000
Co
Co
Yantis
—XL 167,
was
Jurfe
150,000
Co.-, Inc
&
$109,883'
bds.
used
were
-it,
at
'
200,000
750.000
Rothschild
be
The net"asset
as
750,000
-
Robinson-Humphrey
F.
67,896
Asset "Value—
750,000
Co
in
calendar years:
-
debentures
Investment
200,000.
Co—'
&
operation,
Houston,
or
share,
Also
remodel
for
LISTING—Application
200.000.
.
to
Ypnr End. Dec. 31—
$628,926
200,000
Co._
Nashville Securities
9,678
150,000 shares
($1
par)
common
stock,
to
be
Proceeds will be used to build ar. addition to the
$2,400,000
i___
Haupi '& Co
Hornblower
$543,391
r; 30,064
interest
will
Bonds—
Inc.
Peck
& Co.
Dick & Merle-Smith
Freeman
$100,205
the
Dempsey
Ira
$103,080
_
lor;
„
Halsey,
for
3,276,989
"
coupon
Snnonds
of
in
whole
per
PROFITS—Company has operated
$3,905,915
3,479,835
Industrial
Stamping &
Mich.—Files With SEC—
J
$7,000,000 collateral trust 2%% bonds, due
1968, offered June 25 at 101
and interest
(see V. 1&7, p. 2788) and the principal
amount of bonds purchased
by each were as follows:
Adams
$4,029,226
681,114
131.648
inc.
for .additional
equip
Mobile
used
general corporate
last
1947
$781,919
$133,144
_
Proceeds
w.ll
names
1948—5 Mos.
Bank
in
$53
(estimated
be
1940--:
cured notes series D.
$36,280,579 $34,054,673
4G.
C
'Gulf
of
redemption.
Houston,
building under
G.
of
that the
company, had placed privately with Prudential
Insurance Co. of America $10,000,000 12-year 3V2% se¬
Guantanamo Sugar Co.—Offers to
Buy Preferred—
The
of
St.,
ready
Stevenson,
Industrial Acceptance Corp., Ltd.—Notes Placed Pri¬
vately—R. D. Bell, Chairman, on June 28, announced
1948—5 Mos.—1947
$7,254,896
National
price
operates a • retail store
sale of men's,, women's
Chairman,
690,199
charges
of interest.—V.
Y.,
Stevenson,
$'99,279
__
income.
adjust,
Proceeds
out¬
now
date
a
wili
forward
of
the
$0.34
outstanding
$7,892,751
The
until
(convertible) due 1949-54 was
offered at par June 28 by Frank S. Smith &
Co., Inc.;
Mester G. Furman Co.; McAlister, Smtih &
Pate, Inc.;
H. T. Mills; W. .F. Coley & Co.; V. M.
Manning; McCarley & Co.; G. H. Crawford & Co.; and Thos. L. Lewis.
;(II. L.) Green Co., Inc.—June Sales 8.8% Higher—
N.
A.
C.
tures Offered—An issue of $300,000 5V2%
fund
$182,865
preferred dividend requirements
standing.
:;.Not stated.—V. 167, p. 2578.
p.
boards
.
47,743
per common share
168,
on
"Exclusive
$9,350,613
."After
Period End. June 30—
the
Home
the
$33,090,637
$33,399,588 $24,051,284
1948
at
BUSINESS—Company
C.
Earl
School
taxes
income
Wks.—1947'
368,122
First
company's .option,
1948 (3 months)
Gross
"Income
$14,501,524
charges and taxes--
Sales
&
Operating "income
CONSOLIDATED INCOME ACCOUNT
Net profit after,
with
1948—Month—1947
operating' ;mv;..!
Non-operating
1948—6 Mos.—1947
$4,658,945
of
members
in
year.—V.
1945-
Sales-
1948—Month—1947
$6,423,221
—
to
Main
for
eleven additional
of
last
per share plus accrued
dividends, in amounts sufficient to meet the
requirement that 334 shares be
acquired by the company in each year.
Manhattan RR.—Earnings—
expenses
Deficit
1948—18
election
as
John
Percy
Philadelphia;
Dean
Oper.
Y.
N.
the
served
Philadelphia;
Hunt Machine
period End. June 30—
—V.
announced
stores
month
1948—Month—1947
1948—6 Mos.—1947
$12,534,000 $11,027,821 $69,751,839 $70,436,262
PURPOSE—Proceeds
Insurance
Co.
12.5%—
$9,745,620 $37,604,043
$28,727
insurance
Life
National
York,
New
Agent,
.days', notice
dividends
2,103
'
on
Hudson &
-
Grayson-Robinson
Sales
The
193482
30
President, Penn
Madera, President, Land Title
Harrison, Trustee, Vice-Presi¬
the University of Pennsylvania;
Roger W. Bnbson; Henry C.
Brunie, President, Empire Trust Co.;
Champion McDowell Davis, President, Atlantic Coast Line RR.
Co.;
Warren S. Johnson,
President, Peoples Eank & Trust Co.; Robert B.
Meyer; Harbin K. Park,
President, First National Bank of Columbus,
Ga.; and Boykin C. Wright.—V:
167, p. 2788.
a
silver polish,
furniture polish
drapes.—V. 168,
Co.—Current Sales Increased
Period End. July 3—
168,
at
Street,
on
companies affiliated
into the ..parent company.
additional
directors
are:
Newhall
and
Int.
Grand Union
—V.
made
Broad
11
income
1
taxes
had. 698
2580.
p.
Redeemable at
16,912
2579.
all
Trust
dent
1150.
p.
Sales
will- be
1,
York,
1948
189
estimated
p.
fire
Mutual
&
Gilbert Co.—To Redeem Preference Stock—
accrued
31,
167,
1948
v
$>
115,283,293
Kress & Co.—June Sales Increased
13.7%— \
Transfer
Pennsylvania, Co.
has called for redemption on Oct.
1,
1948,
all jts
outstanding shares of preference stock at $52.50, and accrued dividend.
Fay merit of the full redemption price of $53.37
% per share, including,
the
MARCH
merger
The
company
Bank
ENDED
T-
Period End. May 31—
The
MONTHS
expenses
Gr'oss
C.)
maintenance
$47,931
The company
p.. 150.
(A.
and
profit
167,
recent
time
installation
95,864
for
June,
$
123,393,727
Krupp & Tuffly, Inc., Houston, Texas—Preferred
Stock
Offered—Moroney, Beissner & Co. and associates, Hous¬
ton, Texas, recently offered to residents of
Texas only
5,000 shares of 5M>% cumulative
preferred stock at
par ($50).
Home Insurance Co., N. Y.—Adds 11 Directors—
of
glassware sparkling,
and crystal and per¬
the
—V.
$
19,432,016
corresponding
expenses)
.
for
the
901
for
Co.
in
Period End. June 30—
$143,795
profit!:.:
of
leaves
and
stemware
construction,
THREE
in
company
696
Sales
deductions
Net
Products—
seconds.
of
now
for
wax
foam
a
mirrors,
within
products
chrome
streaking
windows,
for
work
Other
with iut
for
The
(S. II.)
funds.
—
Provision
products, marking another step in diversification, were
announced by the
corporation on June 28.
The
new
line, bearing the seal of the famous Crosby Research
Foundation of Hollywood,
Calif., consists of cleaning aids marketed
under the Gerity trade name.
Heading the list is a new liquid glass
which
plant,
1948—6 Mos.—1947
$
with
and
additional
machinery
and
equipment,
estimated at not over $10,000)
will be
of
INCOME
operating
new
polish
OF
Other
various
Six
present
at
plant
for the
sales
directors,
Gerity-Michigan Corp.—Six New
its
(estimated
additional
an
1943—Month—1947
21,662,256
Sales
principally in' the manufacture and sale
equipment for vehicles used in the telephone,
and' water utility industries and also in the
gas
industries
Other
45.
p.
to
of
1948—6 Mos.—1047
$2,537,000 $14,670,000 $13,698,000
(S. S.) Kresge Co.—June Sales Rose
11.5%—
pre¬
shares
6,380
annexed
shares
29,723
1948—Month—1947
2580.
p.
Period End. June 30—
engaged
and
light,
sale's
"Gross
Jan.
4,780' shares
235
and
Cost of
of
The
Commonwealth
shares
$155,162.—V.
on
Ind.ana
share.
a
acquired
stock
"stock
9,570
$5
of
is
company
bodies
the
of
construction
(presently
company's general
STATEMENT
1; as well as all the properties
College Corner Telephone Co., a
subsidiary of the corporation, for $27,169. In May, College Corner sold
its propert es located in the State
of Ohio to Ohio Associated Telephone
Co., a subsidiary of the corporation, for 10,400 common shares with a
the
and
the
167,
em¬
have
not
the
all
connection
since,the
management
work..
Indiana
its
Indiana
the-sale
for
purchase
truck
petroleum-
Ltd., another subsidiary of the
Standard Telephone
Corp., a
physical properties, except one short
interstate toll line, to Indiana Associated
Telephone Corp., another unit
of
the
corporation, for .1,64.7 shares of
common
stock of
Indiana
corporation, for $1,206,3.11.
subsid.ary. on Jan. 1 sold all
of
used
and
the
to
power
net
be
balance
any
added
The
General
in
expenses
3053.
p.
Ry.—Paying Agent Appointed—
$2,917,000
—V.
.
proceeds
will
'
COn 'March
165,
(G. R.) Kinney Co.—June Sales Increased
15%—
Period End. June 30—
Sales
.
building
increase of 11.874,709 kwh.,
year.—V. 161', p. 150.
week of
1948.
$89,509)
July
ended
also at $5 per share.
research
pay
(par
each
opportunity of purchasing shares at that time.
Any such shares
taken up
by employees on "or before June 24,. 1948, were to be
purchased by members of the
company's management on or before
General Public Utilities Corp.—Weekly Output—
The
(no par)
to
aircraft.—V.
Bankers Trust Co., New
York, N. Y., has been appointed paying
agent for the first mortgage 20-year 3%%
bonds, series A, due June 1,
1968.—V. 167, p. 2789.
given the right to sub¬
$1) at $3.25 per share
were
stock
common
new
the
1,062,359
155,609
used
of
Kansas City Southern
ployees who have joined with the company's
original •subscription to its shares (Aug. 1947)
150.
p.
be
stock.—
common
not
—V.
will
development
exchangeable
stock
common
Proceeds
•
with
outstanding
present
stockholders
agement
Canada—
.Passenger
.
490
7,805 "
4„
class B
value:
par
shares
held.
Rights
June
24.
Cunningham
&
Co., Cleveland,
the underwriters
agreed to purchase any unsubscribed shares.'.
'In
addition 3,723" shares of common stock were reserved
by man¬
32,106
485
6,303
Coaches
Offered—Henry C.
expired
,
-
no
of
plan
for
the
on
■
•
-
for
shares
Corp., Windsor Locks, Conn.—Stock
Robinson & Co., Hartford, Conn.,
early in June offered 55,000 shares of class A
non-voting
common stock (no
par) at $5 per share and 5,000 shares
plan of recapitalization
preferred stock will have
prior preferred and com¬
a
The
17,459
5,417
Truck
'Trucks
July 12
cumulative
(J. H.) Ilolai? Corp., Cleveland, Ohio—Stock Offered—
23.013
Cadillac
GMC
share
160, p.
248,910
15,160
17,915
Buick
stock,
the
on
(251)| 7
Kaman Aircraft
the $7 preferred, stock with $119.25
the holder w.ll he entitled to receive two shares.
prior preferred stock, $50 par \aluc and 20 shares
cumulative
20,030
Oldsmobile
Rug Co.—Plans Recapitalization—
arrears,
common
under
1948—6 Mos.—1947
66,283
30.832
1-
5'/'■
CHRONICLE
-
57,517
Trucks
in
of
.
FINANCIAL
to exchange their
For- each share of
stock.
of
period
same
DIVISIONS
GM
1948—Month—1947
Passenger
privilege
d vidends
the
&
corporation announced
which holders of its $7
•Each
MOTOR
30—
the
mon
for
Canada
d
n
921,929
Chevrolet—
I
o.
;
OF
This
under
trucks.
were
ne
i
year.
OUTPUT
'f
and
ui
COMMERCIAL
the
most
time
same
might
be
a
highly
expeditious
avoid
any
entailed
in
desirable
service
improvement
to
the
shiping
unnecessary
duplication
the
construction
of
two
in
their
public,
of
ability
and
at
investment
separate
to
the
that
terminals,
B&O and
CentraL entered into
negotiations for the construction of
joint facilities, to be located on the lake front, on deep water. Studies
were
completed in 1945, and, after approval was obtained from the
.
ICC,
construction
Construction,
operation
acres
of
begun
facilities
was
of
thereof
land
have
been
RR.
eastern
Toledo
of
a
May,
1946.
is
approximately
90%
completed
and
19,
1948.
Approximately 197
acquired and the present facilities- of the
company
begin with
The Toledo Terminal
boundary
in
commenced
March
double
track connection with the tracks, of
approximately one-quarter mile east of the
and
extend
to
the
shore
of
Lake
Erie
8
THE
(252)
Maumee
than two and one-half miles. These
receiving and departure yards, con¬
tracks, with a capacity of 3,200 cars.
Load, empty and storage tracks are located adjacent to the water
front, with an additional capacity of 2,300 cars, and space is available
in
the
receiving ard
storage yards to construct additional tracks
Which will provide a further capacity of 900 cars.
The total length
bf railroad tracks in the terminal and supporting yards is approxi¬
mately 56 miles.
Three piers have been constructed with ample bulkhead space and
sufficient
mooring depth for the largest lake boats, with room for
on
two
iour
Eay,
more
with
boats
loaded
be
to
than
the
have
been
connect
approximately
of
forced
26
little
a
tracks
main
sisting
unloaded
or
at
and
coal
the
iron
and
equipment
will
remodeled
be
ready
for
now
to
modern
operation
for
in
standards
September,
erected
and
1948.
It
the
at
will
also
site,
new
electrically
be
V.
been
also
building, engine service facilities, yard office, sub-stations,
storage buildings ana a small car repair yard have
buildings,
constructed.
Appropriate
War
authority has been obtained from the United States
permitting the construction of such parts- of the
extend
as
beyond
street
the
harbor
from- Lucas
has been obtained
of
allocation
an
under
demand
units
for
way
for
that
basis
its
to
Monday, July 19, 1948
than 5,000
more
company
time,
some
to materialize."
beginning
are
2790.
Denied—
The
Electi'ic
totaled
output
this
of
45,636,000 k\vh.,
for
responding week last
County
crossings.-—V.
168,
line
to
and
adequate
Lakeside
and
former
President
Adams,
The
for
Laboratories,
Inc.—Secondary
Chemicals, .Inc.,
company
50,000
Share
July
on
shares
without
reduce
Offering—
167,
director
since
Chairman
as
1914 and Chairman for the
of the executive committee.
past four
Lowell & Grayson Manufacturing Co., Monrovia,
Lansing,
Mich.—Files
With
bank
($1
filed
9
par)
underwriting.
loans.—V,
letter of
a,
Proceeds
165,
notification
stock,
common
to
will
be
be
with
offered
used
to
the
SEC
$2
per
taxes
and
at
pay
812.
p.
Proceeds
creased
will
be
volume
The
and Bing¬
of
preferred
ratio
of
used
stock
2xk
to
accounts
is
shares
retire
bank
receivable,
convertible
of
loans
to
in¬
carry
etc.
Miller Manufacturing Co. (&
The
New
York
Stock
for
Exchange
Company's non-cumulative
The
action
Standing
taken
was
(5,434
company
398.184
1,549,446
248,008
$332,417
13.502
23,011
$398,202
$355,429
exp.
income
stock
common
each
shares)
and
stock,
voted
8
$50
the
of
the
of
the
Securities
requested.—V. 167,
delist
this
stock
to
amount
indicated
of
out-
market
aggregate
Exchange
Commission
will
be
now
and
1933,
effective
upon
the
making
of
registration
offer by
the
Securities
of
Act
holders of
common
stock of record at the close of business on Julv 20, 1948, or
such
later
chjte on which such registration becomes effective, shall
have the right to subscribe, for a period of 14 days, for common stock,
of
no
par
value, to the extent of one share for each six shares
held.
The
subscription
the
price
is
to
corporation,
determined
be
before
shortly
the
New
stock
be
Yorfc; Stock Exchange
not
tificates
ex-rights
quoted
delivered
corporation
until
the
after
be
must
July
on
further
notice
date
record
accompanied
by
that
all
by
Cap, loss
47.
p.
The
Sales
July 9 presented to the ICC
its outstanding bonds under
$4,129,496
ties
with
The
bond
the
this
meet
avoid
and
its
of
problem
and
pending
the
achieve
to
in
out
bonds.
said
$45,000,000
financial
worked
was
subsidiaries
about
"prospective
Plan
of
consent
Lehigh
maturities
for
its
approval
recent
a
to
holders!
system
the
sounder
a
difficulties
conference
These
the
over
and
with
next
eight
To
condition
financial
years.
and
possible
insolvency," the
holders of the out-
larger
reaction
with
faced
was
favorable,
was
according
application.
The
proposed
modifications
were
Steel Corp.—Plans
stockholders
Split-Up and Increase in
July 26 will vote on a proposal to increase
the
authorized
capital
stock
from
300,000
shares,
par
$5
each,
to 1,000,000 shares,
par $2.50 each, and on splitting the present out¬
standing
the
of
on
shares
237,920
proposal
stock
capital
of
stated
was
company
necessitating
made
in
rates
of
6%
$10,062,000
on
and
4 «/2 %
$2,538,000.
on
Pennsylvania & New
York
Canal
&
RR.
consolidated
mortgage
bbnds, due April 1, 1949, to be extended to April 1,
1959, with
$3,919,000 bearing a 5%
interest
rate,
$1,435,000 bearing
a
4Vz%
rate, and $2,914,000
be modified.
bearing
rate
a
of
4%,.
total
of
$8,268,000
is
Outstanding.
$9,572,000
Lehigh Valley Terminal RR.
first
mortgage
5%
gold
bonds, clue Oct. 1, 1951, to be extended to Oct. 1, 1979.
Lehigh Valley Harbor Terminal Ry. first mortgage 5% gold bonds,
Feb.
1,
Lehigh
1954;
Lake
&
March
Lehigh
$9,803,000
Erie
1957,
1,
Valley
RR.
to
RR.
be
be
to
extended
$3,000,000
extended
general
to
of
to
Feb.
first
March
consolidated
1,
1984.
mortgage
1,
The
mortgage
gold
bonds,
femain fixed
75%
and
will
become
Lehigh Vallev RR. common
outstanding.
These
and
the
contingent
stock,
of
which
unissued
shares
1,210,034
remainder
of
at
60
that
the
of
than
for
the
used
to
each
The
filed
reserved for
190,000
shares
The
mining
sold
will
Canada
in
be
placed
in
and
the
at
one
cent
a
and
the
near
announced
12.b'<
July
on
in
with
that
2
has
it
obtained
monthly instalments over a
certain
treasury
funds,
were
income
before
a
bank
two-year
used
to
in
acres
$1,000 of bonds.—V.
168,
the
of
rate
four
shares
for
each
The
San
Kahn,
$11,514,333
167,
$9,356,928 $49,376,173 $41,771,114
2580.
p.
York, N. Y.—
New
Kahn
Dec.
to
the
in
SEC
to"
approve
a
recapi¬
liquidation.
all
—V.
167,
the
rights
had
1947,
acquired
were
September,
Commissionj^hat
Proceeds
|iold
5s.
wi'l ,be
Public
hfew mortgage.
used
to
National
retire
Bank
like
a
&
of
amount
by
the
City
Trust
Co.
is
!
and
Thfe
The
company
ior
5.000
for
W.
shares
D.
waukee
on
($5
Kvle,
Co.—V.
July
filed
8
capital
par)
President
165,
of
letter
a
stock,
the
of
notification
to
be
sold
at
with
$19.75
Underwriter,
company.
the
SEC
the
involves can¬
proposal
common,
6%
$250,000
that
SEC
borrowing
had
representative
of
headed
the
a
Mil¬
The
excess
the
Longines-Wittnauer Watch Co.—Earnings—
Years End. March 31—
1948-
1945
Nfetearns.beforetax.es
$1,988,628
$1,600,506
$1,524,728
$639,873
Ffed., State & Can. taxes
803,783
649,034
1,016,930
Consolidated
SEC Sanction
Co.—Wins
Gas
articles
of
of
capital
and
the
total
surplus
on
company
increase
is
to
in
"After
The
$1,182,845
com.
preferred
gross
$951,472
$507,798
$195,506
$2.81
$2.23
$1.12
$0.34
share
profit
be
done
through
a
require assent of the preferred
any
unsecured indebtedness
in
outstanding secured indebtedness plus
its books.
This totaled $10,200,000 as
for
the
year
1948
amounted
to
Dividend payments for the fiscal year 1948 amounted to
The remaining
profit of $882,845 was added to earned
Surplus
which stood at
$2,550,350
as
of
March
31,
1948.
M. Fred Cartoun, Chairman, in his
report to stockholders stated;
1300,000.
sales
greater
the
volume
than
company's
of
that
of
history.
the
assumption
to
that
modify its articles of incorporation is
this $7,250,000 obligation "may con¬
within the meaning of the charter,
indebtedness"
unsecured
SEC
declared.
the
company
the
for
the
year
under
review
preceding year and was the largest
Throughout the year the company was
%
is
is
this
If
fiscal
|4,971.562.
"The
proposal
company's
on
stitute
reduced
The
tional
now
so,
to
to
Jan.
Michigan's
about
company
funds
and
1,
unsecured
borrowing
capacity
of
be issued
equipment
manufacturer, and
also
in Boston.
Alcohol Co. maintains an alcohol and dry ice plant
Everett
headquarters
of
Monsanto's Merrimac Division.—
p.
2470.
Co., Inc.—June Sales Up 17.5%
1948—Month—1947
1948—5 Mos.—1947
$105,305,279 $89,634,830 $508,033,386 $462,337,520
—V.
167,
claims
finance
it
a
present
needs "sufficient flexibility" to raise addi¬
$20,000,000 construction program between
1961.
the outset.—V.
2689.
p.
The
company
,
on
Jply 2 filed
a
letter of notification with the SEC
$100,000 4% 15-year debentures and 750 shares (no par) capital
$75,000 of the debentures and 750 shares of stock are to be
issued in units of one $100 debenture and one share at $100 per unit.
for
The
be
•
1 ' >
the type or
bank loans will
„
f
167, p. 2689.
:•
'
on
f
$25,000 of debentures
purchase real estate,
remaining
will
used
to
National Battery
of
company
covering
bank
capital
on
65,000
will be
offered, alone.
Proceeds
Co.—Registers With SEC—
July 14 filed
shares
($50
The
offering price and dividend
Underwriters, Goldman, Sachs &
Hopwood,
Minneapolis.
Proceeds
The
SEC
$20 par
told the SEC it has not yet decided
any
indebtedness, except that short-term
at
at
$2,500,000.
Michigan
terms
in New England as Sales Manager
Higginson Co., at one time was area
store agency
chain
Montgomery Ward &
The
requirements.
sales
on
based
the
dividend
the
167,
to ask holders
the company's
May 31.
'
'
s
In
June,
$500,000 of short-term notes and "was
Michigan sold
obligated" to buy $7,250,000 of the promissory notes issued by its
wholly owned subsidiary, Austin Field Pipe Line Co., the SEC stated.
The
Lee,
stock.
incorporation now
Michigan issues
of
for
an
This
before
10%-
of
refrigeration
Mountain States Co., Denver, Colo.—Files With SEC-^-
July 9 opened the way
preferred stock to approve
444 367
Net profit
''Earns, per
a
England
V,
of
1 1946
1947
office
for
Period End. June 30—
on
stockholders
experience
extensive
Providence
in
$6,819,035 $35,788,829 $33,732,776
capacity by $7,500,000.
the company's charter.
in
of Unit—
of
New
&
for Increased Borrowing—
4%%
Officer
Brighton, Mass., has been elected ViceEngland Alcohol Co., a subsidiary.
He will also
continue to serve as Sales Manager for that company.
Mr.
Huntington
joined New England Alcohol in 1935.
He pre¬
of
of
11.6%—
Co.—New
Chemical
Huntington,
O.
Sales
its
State¬
(No. 7027) filed with the SEC April 9,
300,000 shares of stock (par $1) has been with¬
1948—6 Mos.—1947
1948—Month—1947
Ltd.—Registration
statement
covering
Monsanto
Paul
President
New
Shoe Corp.—June Sales Rose
Michigan
share
a
The
212.
p.
2689.
167, p.
Explorations,
registration
viously
company's
parent,. Standard
Gas
of $976,726
against its subsidiary as
he favored a
settlement
to
Standard
$7,608,798
change
Co.—Bonds
will be used to retire $3,564,000 in outstanding 5r,fo
in bank loans and certain advances from American
proceeds
Works Inc.—V.
and
1947,
167, p. 2580.
The
Milwaukee, Wis.—Filing With SEC
Water
ment Withdrawn—
160.
Sales
of
Line Material Co.,
Consolidated
.T.)
(N.
of
that
Period End. June 30—
1st
mtge. leasetrustee under the
2135.
p.
bonds, series A, due 1973.
1944.
three classes of stock—the
6% second preferred.
of
and
claims
166, p.
Melville
—V.
1,951,530
$1.32
$1.39
Privately—The company has sold privately to
insurance companies $4,300,000 first mortgage 3Vz%
at
mortgage loan, due 1965, had been placed with the Met¬
ropolitan Life Insurance Co.
$2,577,584
1,951.530
share
Placed
to settle outstanding claims and liquidate
proposes
testified
$550,000.—V.
Lexington Ave. & 42nd Street Corp. (Chanin Build¬
ing), New York—Refinancing—I. S. Chanin, President,
hh July 3, announced that a new
$5,263,000 33/4% first
100,000
$2,717,049
stock
drawn.
remaining assets to the holders of its prior pref¬
stock, all of which is publicly held.
its
preferred
Co.,
31,
asked
properties
$7,500,000
now
told
of
Kahn
Electric
1,747,000
$2,577,584
paid-
common
per
Monontqueb
Approval of Recapitali¬
cumulative
6%
Mr.
1948—5 Mos.—1947
operating
for
distributing
has
preliminary
a
company's
Mr.
1948—Month—1947
as
company
cellation
Period End. June 30—
President,
plan
Francisco
The
1,802,000
taxes
outstanding (no par value).
shares
Common
.Earnings
The
Samuel
cumulative
Lerner Stores Corp.—June Sales Increased 23.1%—
Sales
St.,
270,266
$4,324,584
1366.
Market Street Ry.—Asks SEC
46.
p
dividends
stock
zation Plan—
erence
at
on
Broad
154.808
$2,817,049
income
State
Amount earned on common
bonds,
trustee, 30
successor
17,472,111
$4,054,318
$4,619,049
taxes
income
Water
York,
income
20,278,239
$4,464,243
admin, exps.
income
Co.,
by
bonds
for redemption
mortgage leasehold G %
and
Net
four
beeij, called
general
Other
Aug. 1, next, $10,800 of
The Marcy
first
sinking fund bonds at 100
and interest.
Payment will be made at The Continental Bank & Trust
167, p.
1948
1947
$24,742,432 $21,526,429
from
and
(& Subs.)—
Manufacturing Co.
Loan—
(Largo Realty Corp.), N. Y. City—Par¬
Marcy
of New
$2,027,390 $25,578,638 $21,592,058
operations—
credits, less interest expense
Federal
21.7% —
1948—11 Mos.—1947
1948—Month—1947
Mining &
selling,
sales,
profit
Net
interest in oil and gas leases on 1,400
field, Acadia Parish.—V. 167, p. 2031.
gas
have
255.
p.
Co., Inc.—June Sales Up
general funds
tial Redemption—
There
$40,000;
1948).
2689.
p.
Monmouth
(The)
of
consolidated
of
Net
property.
maturing
proceeds,
purchase
31,
Dec.
sales
Cost
(Canadian funds) for
and 60 cents
be
to
Proceeds
warrants.
$350,000,
period.
(due
bank
$2,467,128
167,
Minnesota
C.—Registers
registration statement- with the SEC
a
(U. S. funds)
develop
corporation
of
167,
Period End. June 30—
Pfd.
loan
payable,
Sales
—V.
Maracaibo Oil Exploration Corp.—Bank
1,600.000 shares authorized (par $501, to be changed to shares without
par value; 287,016 shares of those unissued will be issued to holders
general
1948
$3,983,329.
charges, $82,194; total,
$1,361,173; deferred
capital
increasing
business
facilities which wili be
shares
(par
50c Canadian
funds)
common
stock
share purchase warrants, as well as 1,100,000
cent^ a share
not' more
are
total
a
31.
MARCH
prepaid taxes and insurance, $39,910; other assets, $88,065;
buildings, machinery,
at cost (less reserves for depreciation,
$3,983,329—V.
common
shares to be
talization
earnings.
on
SHEET,
payable
and
accruals,
$329,318;
customers' deposits or*
orders, $99,614; dividend payable on class "A" stock, $2,366; sinking;
fund reserve,
current year, $30,000; Federal taxes on income (est.),
$457,535;
long-term liabilities, $1,010,000;
reserve for contingencies,
$20,000; class "A" stock ($5 par), $78,860; common stock ($1 par)
$552,146;
capital surplus, $760,650; earned
surplus, $602,840; total,
to
issuance upon exercise of warrants.
Underwriter, Carsfairs & Co., Philadelphia. The shares will be offered
due
1, 2003, $71,754,000 outstanding, bearing interest at the following
fates: $12,000,000 at 5%, $20,697,000 at 4V2%, $39,057,000 at 4% ;
ihterest at these rates will be modified so that in each case 25% will
BALANCE
$740,884;
U.
S. Government securities. $216,078;
receivable, trade (less $16,000 reserve), $408,935; inventories,
LIABILITIES—Note
v
May
$0.39
1947.
period prior to consummation of purchase on Dec. 8,
Miller-Wohl
47.
p.
July 14
on
400,000
1,100.000
confmon
bonds,
.
510.794
$0.32
share
Three Months Ended March 31—
company
covering
and
V.
4>/2%
1994.
$522,523
552,146
outstanding
common
$731,570),
Net
1,
a
97,223
stock
CONSOLIDATED
to
.Lehigh Valley Ry. first mortgage 4V2%
gold bonds, due July
1950, to be extended to July 1, 1974; $14,711,000 of the bonds
11,335
110,137
ASSETS?—Cash,
basis.
two-for-one
a
order
"adaptable
expansion of
for
168,
on
be
may
plans
later."—V.
be
to
stock
McVicar Mining Co., Ltd., Vancouver, B.
$12,600,000 of Lehigh
Valley RR.
consolidated
mortgage
annuity
bonds, with no maturity date and not redeemable, will be given on
April 1, 1989, maturity date and be made redeemable with present
ihterest
shares
per
"For
With SEC—
and
follows:
as
—
4,878
,
accounts
167, p. 2580.
The
plan
a
amendment
$631,086
118.513
$602,340
Earn,
$3,509,686 $19,885,939 $17,446,885
Act
•permitting adjustment of railroad securi¬
holders, so as to avoid court proceedings.
$836,363
—L
stock
A
common
on
Common
land,
1948—5 Mos.—1947
1948—Month—1947
.
volume
company
extending
Interstate Commerce
420,853
$1,046,090;
McLellan Stores Co.—June Sales Increased 17.7%—
Period End. June 30—
announced
the
$210,232
656,100
surplus.
class
on
accounts
o
121,879
46,659
Co
sale of Rieke Metal Products Corp.
on
Dividends
the
168,
23,317
144.000
taxes.
$180,267
surplus
cer¬
fixed
and
finally
as
due-bills.—V.
Buckeye Forging
earned
Dividends
that the common
directed
13
income
profit
Total
under
of
Federal
0
Rights—
an
27,276
estimated
income
"Net
Lehigh Valley RR.—Files Capital Adjustment—
for
income
deductions
for
Net
Capitalization—
2790.
p.
1
$62.50)
ipar
value.
par
small
small
and
July
on
share.
common
July
on
preferred
because
Total
Previous
The
Sanction
in
194T
$2,129,870
profit-
Operating
Other
282.
p.
vklue.
Was
1948
$384,700
Selling, general and admin,
Prov.
McLouth
§
Subs.)—Earnings$3,029,722
2,246,833
Calif.
filed a letter of notification with the SEC
for 2,000 shares ($100 par) capital stock, to be offered at par, without
underwriting.
Proceeds
will be
used
for
working capital.—V. 164,
—V.
into
preferred
incurred
Lehigh Valley Coal Corp.—Delisting of Stock—
IT-
$8,331,000
167, p. 2689.
six Months Ended March 31—
offering is made.
ham, Walter & Hurry, Los Angeles, on June 29 offered
10,000 shares of 6% cumulative convertible preferred
Stock (par $25) at par.
M
Feb. 2 to July 3
1947
1943
$9,097,000
$2,307,000
$2,630,000
Other
McCall Corp.—Ruling on
Lawrence Warehouse Co., San Francisco, Calif.—Stock
—V.
14%—
1947
1948
—V.
quarterly dividend of 88 cents per share was also declared
on
the common stock, payable Sept. 13 to holders of record Aug. 2,
1948.—V. 168, p. 47.
2580.
p.
Offered—Wagenseller & Durst; Lester & Co.
due
outstanding:
the
of
56%
The usual
The
due
on
constituting
—5 Wks. End. July 3—
July 15, A. Lee M. Wiggins of Hartsville, S. C.,
the
American Bankers
Association
and recently
—Files With SEC—
SEC—
I,
share
a
West,
1153.
167, p.
on
of
a
continues
years,
Contingent
Lapaco
tb
Middle
in United Public Service
$905,063.
'Xhe purchase
the 172,393 shares of United
for
Miles Shoes, Inc.—June Sales Rose
Under-Secretary of the Treasury in Washington, was elected a director
this company; and was also elected Chairman of the board effective
Sept. 1, 1948, to succeed Frederick B. Adams.
alter other
streets
cross
153.
p.
go to selling stockholders.—V.
t
by
of the cor¬
application
an
interest
Chicago,
of
permission
Loewi & Co., Milwaukee, on July 6 offered 6,000 shares
bf common stock (par $1) at $6.50 per share. Proceeds
•
held
denying
its
Co.,
(Ky.)—Weekly Output—
Louisville & Nashville RR.—New Chairman, Etc.—
meeting held
sell
to
O'Connor &
Sales
At a
order
an
permission
price was to have been $5.25
for the week ended July 10, 1948,
compared with 30,526,000 kv/h. for the cor¬
an increase of 49.5%.—V. 1.68, p. 153.
year,
issued
Doyle,
company
as
has
SEC
poration
Corp. to
common
Louisville Gas & Electric Co.
Sell United Shares
Middle West Corp.—Permission to
Longines'
the
stock.—V.
The
ih
on
CHRONICLE
Department
rlocks
-
sales
public
number
167, p.
Mr.
office
An
continue
The
FINANCIAL
&
watches remains greater
is presently able to pro¬
duce;
similarly the management believes
the Company can sell a
larger number of Wittnauer units than it has been able to produce.
Plans
for
an
increase
in
production of Wittnauer watches, which
operated.
utility
to
dealers.
ma¬
ore
five additional waiting boats.
The cargo transfer
in operation consists of two coal car dumpers and
two iron ore unloaders,
all electrically operated.
One of the coal
dumpers and two iron ore unloaders were moved from the old facilities
of the Central and
the
B&O
and
have been
completely remodeled
to conform to modern
standards.
The second, coal dumper, of most
ifhodern design, was purchased new.
A
third coal dumper is now
being moved from the former Central facilities on Maumee River and
chines,
COMMERCIAL
a.
registration
statement with
the
par)
convertible preferred stock.
rate will be filed by amendment.
Co.,
will
New York; Piper, Jaffray &
be used to retire $3,000,000
and general corporate purposes.stockholders will vote Aug. 3 on increasing
loans
the
authorized,
stock by $5,000,000, so. as to create a (new) preferred stock,
value, issuable in one or more series.—V. 161 P. 2470.
National Fuel Gas Co.—Debentures Offered—Blyth &
Co., Inc., publicly offered July 16 $13,500,000 3% sink¬
ing fund debentures, due July 1, 1973.
Awarded in com¬
petitive bidding on; July 14, the debentures are being
THE
Number 4717
168
Volume
COMMERCIAL
FINANCIAL
&
(253)
CHRONICLE
'
urn
reoffered
to
annual
"An
to
'
commencing in 1953, is designed to retire
by. maturity, at prices ranging from 101.57
sinking fund,
the
of
$11,480,000
Co.
issue
par.
j
of
System
terns
,
other
in
With
companies
and
With
sale of the
new
debentures, company
of common stock of United Natural Gas
to a total of 48,500 shares of the com¬
mon
stock of Iroquois Gas Corp. atr par value of $4,850,000.
Balance
of
the proceeds from
the current financing will be added to Na¬
tional's general funds to be used
for future business needs of the
company and its subsidiaries.—V. 168, p. 48.
proceeds
The
the
from
purchase 320,000 shares
Corp. for $8,000,000 and up
~
countries
with ships at sea.
of the company
and
Power Co.—Bonds Called—
poses.
•-
-
UNDERWRITERS—The
the
ing
due
of
June
the
30,
at
1949
and interest; first mortgage serial bonds
30, 1950 at 101 and interest; and first
100>/2
due
series
4%
June
_4,/a % series due June 30, 1964 at
mortgage sinking fund bonds of the
and
103
of
interest.
Scotia
Nova
wick
and
Maritime
Edward
bank in Montreal
and
Provinces
and
Island,
of
Nova
the
at
Toronto, Canada.—V.
Scotia, New
Bruns¬
of
office
principal
said
161, p. 771.
Association—Output—
New England Gas & Electric
the
week
ended
Stuart
&
year
is
output
3,148,000
lor
9
ago.
Gas
of
the
reported
ft.,
cu.
3.20V
or
corresponding week
-For
the
output
month
of
12.64 V
63,872,352
above
month
a
'Gas
above
,
year
a
ended
June
kwh.
of
This
ft.
cu.
is
the
is
Association
kwh.
56,704,089
reports
electric
of 7,168,263 kwh., or
for the corresponding
increase
an
ago.
year
for June
output
reported
is
at
604,314,000
ft.
cu.
This
is
roeder,
Inc
34,057,000 cu. ft., or 5.97% above production of 570,257,000
ft. for the corresponding month a year ago.—V. 168, p. 153.
New England Power Co.—Bids for Purchase of Bonds
The
company
Bids
received
be
1109,
20.
hjfls for . the purchase of $11,000,000 first
1978,
due
be
to
dated
July
1948,
1,
to
and
441
the
at
Stuart
office
St.,
the
of
Boston
16,
President
Mass.,
the company,
of
Noon
to
up
(EDT),
Masten
W.
&
R.
&
proposals made by the company to eliminate
cost from its electric plant accounts.
by charges of $2,002,095 to reserve for
depreciation of electric plant, $4,183,330 to capital surplus, provided
the capital surplus is properly created, and $854,890 to earned surplus.
..The total to be eliminated is now classified-in electric plant adjust¬
ments and represents adjustments to recorded amounts for
land, bonus
stock, discount and commissions applicable to securities issued, proiit
applicable to inter-company construction fees, unrecorded retirements
of
Disposition
and
of
excess
is
to
be
original
effected
adjustments to recorded
preliminary
retirements,
organization
general expenses,
Improper amounts included in the plant account.
cessors,
To
costs
interest
surveys,
The
has
FPC
of
authorized
Bellows
all
acquire
to
company
prede¬
and
other
the
of
operating
Hydro-Electric Corp. and certain of those
Connecticut River Power Co.
application stated that it proposed to acquire the facilities
and materials and supplies of Bellows Falls at original cost less book
depreciation as of March 31, 1948, through the payment of $8,751,625
in cash and the assumption of
$52,12q of obligations relating to re¬
development.
The facilities of Connecticut company were proposed to
Alfred
150,000
Inc.
1,500,000
Otis & Co—
1,500,000
150,000
Roger S. Palmer Co
Stockton Broome & Co.
&
Blair
&
Co., Inc
Burnham &
&
Burr
H.
&
The
cost
of
iSsue
to
was
company
tor
102.53
awarded
of
war
on
bid
a
of
Stanley
construction
have been requiring
been
13
Morgan
.
&
102.60,
Co.
interest
net
a
submitted
a
bid
3'/i»s.
"PURPOSE—Company's
the
have
July
3.01V
expenditures
substantial amounts of
since
new
the
end
money
of
which
obtained
initially through advances from American Tele¬
phone & Telegraph Co., parent.
Oh June 30, 1943, $20,000,000 of
advances
were
repaid
with
the proceeds of the sale at par of
$20,000,000 of common
fetock to the American company, leaving a
balance of $53,800,000 of advances outstanding.
Company intends'to
repay
(which
these advances from the proceeds of the sale of the debentures
are
expected to approximate $56,252,000, exclusive of accrued
interest
the
after
and
its
deducting
toward
proceeds
that
its
substantial
of
amounts
CAPITALIZATION
and
expenses*
to
apply
new
40,-year 3V8%
stock
TO
EFFECT
PRESENT
STATED
1947
service
Other
revenues—
revenues
Total oper. revenues—
Current
maintenance
Depreciation
—
—
Other
oper.
expenses—
Net
oper.
revenues
1945
3,572,768
2,860,093
Federal taxes
on
income
2,872,243
taxes-
oper.
9,658,095
8,219,689
7,830,253
Other
58,134,624
65,716
$8,779,106
1,680,996
$1,775,170
410,807
$2,164,858
1,123,731
$7,098,110
$7,015,223
266,703
127,945
$1,364,363
$1,040,927
$6,831,407
$6,887,278
1,400,000
1,050,000
6,650,000
7,000,000
(net) (Dr)
income
Total
$2,259,955
95,297
$1,840,886
income
income
Interest deductions
__
1,119,401
Schmertz
C.
declared
-Reflect
refunds
__L
of
$761,349
in
1947
and
$1,481,899
in
1946
under
provisions of the Internal Revenue Code.
Had there
net operating income, total income, and net income
would have been $1,498,606, $1,403,309, and $279,578, respectively, for
the
carry-back
been
the
for
no
year
refunds,
and $7,297,207,
1946.
1947
the year
$5,616,211,
and $5,349,508,
respectively.,
__-i-
R,S. Dickson & Co., Inc.
500,000
150,000
Dittmar
._
Co
&
the
same
&
1,500,000
of
the
uncalled
Hutton
The
1,500,000
Staats
R.
300,000
1,500,000
Gregory & Son, Inc.—
Hallgarten & Co
Ira
—
Haupt & Co
-
Hayden, Stone & Co.__
Heller; Bruce & Co.
Hill
Co—
&
-
Swiss
H.
150,00O
Weil
100,000
Arnold
&
&
1,50P,Q00
,—
Yarnall & Co
mechanical
it is
reasons
to arrange companies in exact
However, they are always as near
The
always
not
New
June
1,
$6,000,101%%
proceeds will be deposited with the trustee under
the company's first mortgage bonds, and with¬
drawn, from time to time.
The funds thus withdrawn will be used
for the purchase or construction of new facilities, and the .betterment
of
existing facilities.
June
contr.bution
$1,750,000 which was credited
contributed $1,100,000 was used
of
cash
the
and
on
EFFECT
GIVING
3%
due
series
3%
series
Cumulative
June
1978
$100)
—!___
150,000 shs.
is
open
an
service between points within
conjunction with other corn-
and
has
a
of
and
rehabilitated
also
is
the
date
the
of
Federal
Reserve
Bank
of
Boston.—V.
168,
153.
p.
Telephone Co.—Trustee Appointed—
Co., New York, N. Y., has been appointed trustee
refunding mortgage 3% bonds, series F, due July 1,
48.
p.
Legg,
formerly Assistant General
Sales
Manager "of
Corp., Detroit, has been
elected President
of
the
Corp., of America, a Noma subsidiary.
Mr. Legg also
General
Manager of Noma's Refrigeration and
StangardR.
Divisions,
which
manufacture
home
and
farm
freezers,
refrigerators,
ice-cream
cabinets,
air-conditioned
candy
plate coils. The Refrigeration Corp. handles sales for these
twio operating divisions.
Walter
Raskin,
for
many
years
Works
Manager
of
Stangard-
Di'ckerson,
ations
has
North
been
also
the
at
placed
Refrigeration
Gold
Inca
in
charge
Division
Mines,
of
manufacturing
plant.—V.
Ltd.,
168,
oper¬
154.
p.
Toronto—Withdraws
Registration—
The
lias
SEC
with
666,667 shares
167,
requested
the
company
filed
ment
of
withdrawal
March
stock
common
11,
at
of
1948,
48
the
registration
proposing
cents
a
the
state¬
offering
share, Canadian
ol
funds.
1259.
p.
States Power
output of
this
Co.
company
(Del.)—Weekly Output—
for
compared
the
week
ended
July
10,
with 49,782,000 kwh. for
1948,
the
cor-
154.
.
.
the
years
of
loss.
In
business to
at
as
prior
years
Dec.
of
to
the
Dec.
31,
company's
1940 to
1946,
total
operating
revenues
inclusive, such business oper-'
Jan., 1947, the company sold its entire
non-affiliated interests.
Such sstle was
was
charged
equivalent
to
to
the
con¬
1946,
aforesaid
tax
savings
was
charged
against
in¬
1947.
company
,
renders
wholesale
and
retail
electric
service
in
one
city; six> towns, and in all or portion of 28 boroughs and 68 townships,
all. located: in. the
western
and northwestern parts of the State of
Jersey,
in
the
Counties
of
Somerset, Sussex and Warren.
Hunterdon,
1,800
square
Mercer,
Morris,
Passaic,
The territory served comprises an area
miles with a
179,000, according to the 1940 census.
approximately
population
Lynch, Pierce, Fenner & Beane; Kidder, Peabody & Co., and White, Weld & Co. on July 15 offered
of
&
issue
approxi¬
awarded
was
3s,
as
July 13 on a
Harriman Ripley
were:
101.0707:
Corp.,
Equitable
of
101.1699.
Co.,
&
Inc.,
Other
101.133;
bidg
Union
Bros,
100.572.
Bids for 200,000 Preferred
July
ibd
Securities
Corp., 101.069;
Tpe
Corp.,
101.059;
Halsey, Stuart &
Co., Inc.,
100.90;
and Riler & Co. (jointly), 100.799; and Glore,
Forgah
Boston
Co.,
The
directors
13
the
with
the
Shares Rejected—
rejected both of two bids received
preferred stock put up for sale
bonds.
They did this,
a
spokesman said,
the
price was not satisfactory.
The bids
company
shares
the
board
felt
simultaneously
"because
of
200,000.
for
of
new
rejected were:
Lehman Bros, and Riter & Co. (jointly), 100.7599 for
a
4.80%
dividend; Smith, Barney & Co., 100.57 for a 4.80% dividend.
Lehman
and
Bros,
better
of
the
public
at
104'A,
The
which
bids were
will
exemption
exemption
the
be
sale
its
denied,
PURPOSE—The
the
new
the
company
such
capital
proceeds,
available
about
time
on
who
reoffer
to
the
submitted
stock
to
the
the
of
sale
if
the
SEC
grants
request
for
for
a
proceeds
a
for
competitive basis.
from
the
sale of the
bonds will
be
added
of the company and used to provide part of
required for1 the 1947-1951 construction program -of
arid its subsidiary "companies.
With the addition of,
it
is expected
that
the
company's general
funds
the period to Sept. 30, 1948, will provide the casrh
during
required by it
to
associates
funds
general
the
and
planned
competitive bidding rule.
If the request,
the company plans to invite new proposals
purchase of the issue on
to
Co.
will negotiate
with underwriters
the 200,000 shares of preferred stock, for
rejected.
of
method
from
is
&
received
to yield ' 4.604% .
revealed
that
it
the
toward
two
This
Riter
bids
two
company
looking
gas
and the resulting loss of $499,327,
savings in Federal income tax for 1947- of $150,000,
earned surplus as at such date.
The portion of the
31,
(Minn.)—Bonds Offered—
Merrill
First
the estimated
mately
retirement
and
cases
Lehman
properties
*
7%
small
and
summated
New
Palmer's
last
commercial
The
end mortgage but imposes certain condi¬
upon the issue of additional bonds.
interconnected
than
more
each
in
the
of
168,
Securities
and limitations
number
for
The
S.
Refrigeration
received
87,500 shs.
AND
Station I
property
Howard
$10,000,000 first mortgage bonds, series due July 1, 1978,
3%, at 101.59 and interest.
—
1946, the company had
also been engaged in the business of purchasing, producing, transmit¬
ting, distributing and selling manufactured gas ih portions of its
present electric service area and in one small a,rea contiguous thereto.
However,. the gas business of the company never accounted in-any
less
President,
Aug. 12.
wish to retire.
Noma Electric Corp.—New President of Unit—•
30,000. shs.
.
mortgage
at
its
on
for his
respoptling week last year, an increase of 12.01 %V. 168, p.
65,899 shs.
(par
pari J
(no
restrictions
for
that
effective
reason
Northern States Power Co.
$9,000,000
6,000,000
1974
1,
1,
stock
formerly -owned by others.
ated
110
totaled 55,823,000 kwh., as
BUSINESS—Company was incorporated in New Jer¬
sey Dec. 14. 1915, as The New Jersey Power & Light Co. and changed
its corporate name to present form on Dec; 2, 1926.
Since incorpora¬
tion company has acquired the operating properties of several electric
light,, heat and1 power and gas companies, has expanded its own
operations through the construction of new. facilities
(including .its
year
Mr.
for
set
Northern
*
March
due
preferred
stock
a
announced
retired,
Bankers Trust
Electric
Outstanding'
Authorized
series
Common
For
Jujy
covers
annum.
had been widely rumored, however, fol¬
C. Dumainc, Boston financier,
that he
acquired enough of the voting preferred stock
of the railroad.
reorganization
Edward
PRESENT FINANCING
TO
%
bohds
mortgage
"The
per
program.
CAPITALIZATION
tions,
on
bonds,
6%
Nash-Kelvinator
to
1948,
25,
June
loans outstanding in such principal amount
used in connection with the company's con¬
will "be
balance
struction
of
1948,
date
The
Of
surplus.
to capital
the principal of" bank
so
of
stockholders meeting
New York
—V.
25, 1948, General Fublic Utilities Corp. (parent) increased
common Stock equity
of the company by making a cash capital
the
14
be
gave
control
them
give
becomes
mortgage securing
On
made
was
$1,000
rate
associates have
Dickerson
1978.
PURPOSE—The
the
the
to be held by the railroad since it emoTged
September.
The neW Presidenty it wavs learned, will be Laurence F. Whittemore,
Bonds will be redeemable
at ■ option of company at any time prior to. maturity as a whole or
in'part by lot on at least 30 days' notice at the regular redemption
prices,
the
initial regular redemption
price being 106V\%; bonds
will also be redeemable on-like notice through operation of the sinking
and
improvement
fund and under certain other provisions of the
indenture at. the lower scale redemption prices, the initial lower scale
redemption price being 102% ; plus interest in each case.
due
1948;
1,
each
on
at
resignation
—
(as sole underwriter) on July 9 offered
000 first mortgage bonds, 3% series due 1978 at
and accrued interest.June
26
bonds
6%
$10.72
by' Frederick
from
Bonds Offered—
12 Halsey, Stuart &
Light Co.
Co. Inc.
Dated
to
claims
Sales Increased 28.8%—
in .our issue of July
secured
to
June
to
Palmer's
The
!<?•
Power &
Jersey
F
the
on
July
on
asked
for the $90,000,000
As mentioned
operates.
Company also furnishes toll
and points outside of such territory in
31,
has
1981.—V.
come
March
company
his
first
2581.
p.
Eqps.
on
from
amounting
announcement
to
alphabetical
" 1948—Month—1947
1948—6 Mos.—1947
$10,407,676 $8,080,126 $54,447,685 $49,686,932
Sales
167;
payment
from April' 9
President
Period End. June 30—
%
1948, and are to mature in 15'equal
Aug. 1, 1949, to Aug. 1, 1963.
1,
_
each
The
alphabetical
possible.
as
.(J. J.) Newberry Co.—June
—V.
Aug.
Mr.
position
made
458.
p.
received July 21 have been issued
by the
—'
'
'
equipment trust certificates.
The cierfcifi-
be
of
-*
$270,000
payment,
Palmer,
and
NOTE-—For
135,
President to Retire Aug. 12—
150,000
ford
lowing
the company had 1,328,155 telephones in ser¬
vice, of which approximately 30% were Ideated in the cities of Cam¬
den, Elizabeth, Jersey City," Newark, Paterson, and Trenton.
Com¬
pany estimates that other companies had
approximately 14.000 tele¬
phones in service in New Jersey on March 31, 1948.
Company fur¬
nishes toll
service between points within the territory in which it
On
period
43.
loss
shares.
The
150,000
possible
advances
& San-
150,000
order.
dated
be
of
interest
15.
the
156,000
Inc.
Hattier
to
$4,050,000
$4,050.00"
to
are
An
Cummins,
John Kormendi Co
p.
in
properties.—V.
Interest Payment-
150,000
168,
$2,812,000
1,000,000
Inc
Wertheim & Co
Wheelock
cates
instalments
bids
for
for
300,000
Wainwright & Co.
C.
Weeden & Co.,
350,000
—V.
Pennsylvania in payment of
the New York Bay
company
ompany
Harold E. Wood & Co\_
,
to
Invitations
300,000
F. S. Yantis & Co., Inc.
Co.__
—
RR.,
improvement of
300,000
—
150,000
350,000
Inc.__
.
New York New Haven & Hartford RR.—Bids
150,000
Johnson &
H.
applied
to
the ICC
for
permission
to
issue
first mortgage bonds, bearing interest at 3%%
A
1, 1978.
These new bonds will be delivered to %
which operates New York Bay RR.'s properties
for
White,
R.
A
Aug.
issued
300,000
&
Co
&
Watling, Lerchen & Co.
500,000
Hirsch & Co
to
500,000
Co.—_
Thomas
.
-■■■/;
300,000
American Corp.--
Strauss
S.
J.
.
'
first
150,000
Edw.
800,000
400,000
1,000,000
1,500,000
400,000
1,500,000
500,000
250,000
'
'
has
series
running
Pennsylvania
200,000
Walter Stokes & Co—
150,000
200,000
'
>;%is
/
'
150,000
Fauset, Steele & Co
M; M. Freeman & Co.,
Inc.
mailed
be
mailed to the holders
are
200,000
Co._
Lowber Stokes Co.
Stern
Graham, Parsons & Co.
Green, Ellis & Anderson
166, p. 2561.
"
will
1948
the same manner and
lease.
They will replace an issue of $11,706,000 of series A
mortgage bonds issued to Pennsylvania on May 1, 1932.
The %
present issue carries interest at 5%
annually and has May l', 1.982, %
as
its maturity date.
The additional amount of new bonds is to be ?
Co._
100,000
&
in
•:
under
Brds. & Boyce
Brothers
called for redemption
checks for such dividend
shares.—V.
company
and
150,000
Co
&
of shares
time as
$14,518,000
300;000
Stein
,
"' \ '
"
New York Bay RR.—Bond Issue—
100,000
&
Inc
Starkweather
Redemption—
\
Deane & Scrib-
William
% y
.
Co.,
ner
.
274,084
*$1,261,511
153.
p.
all holders
Shaughnessy & Co., Inc.
Singer,
268,111
$969,078
;
of $167,000 in Federal income tax, resulting from
consolidated
returns,
for
interest
and
amortization
in
at
Chas. W. Scranton & Co.
800,000
and
BUSINESS—Company is engaged in the business of furnishing com¬
munication services, mainly
local and toll telephone service, in the
State of New Jersey.
It was incorporated Aug. 25, 1904 in New Jersey.
American Telephone & Telegraph Co. owns of record and beneficially
all of the common stock of the company, except 22 qualifying directors'
$1,134,814
61,237,189 %$1,535,595
securities of
to
.
income
406,050
reduction
on
168,
100,000
Pomerpy,
Henry "Dahlberg & Co._
Dempsey & Co.
Gilbert
Net
Dividends
$1,540,865
75,932
deductions
250,000
i
Sehoellkopf,
100,000
150,000
250,000
HISTORY
Net oper.
$1,517,105
18,490
demption agent, 140 Broadway, New York, N. Y.
The regular quarterly dividend payable
Aug. l,
200,000
Schmidt, Poole & Co—
&
Iric
Co.,
4%
Other
$1,215,203
' 21,986
The company has called for redemption on
Aug. 1; next, 287 shares
of its outstanding 7'%
cumulative preferred stock at $105 per share.
Payment will be made at the Guaranty Trust Co, of New York, re¬
200,000
Inc.
500,000
Cunningham
First
$5,354,046 $11,156,701 $18,136,167 $21,846,430
640,917' ,:'Dr761,349':'Drl,137,372
5,881,553
11,409
New Process Co.—Partial
Robinson-Humphrey
Salomon Bros. & Hutzler
R.
V.
100,000
150,000
K.
2,254,736
$29,211,870 $95,631,843 $91,037,477 $80,664,010
5,806,564
19,012,624
16,324,414
12,891,131
2,693,579
9,925,566
8,350,781
8,655,555
15,357,681
55,536,952
48,226,115
37,276,894
$1,529,456
1,004
__
200,000
Inc.
pay
$18,155,593 $55,005,599 $56,412,825 $46,932,947
10,047,635
37,053,476
35,764,559
31,476,327
1,008,642
revenues
oper.
1946
$239,639
360,000
former indirect parents (reorganized in Jan.,
1946, under Chapter X of the Bankruptcy Act), which deductions are
longer available in view of the reorganization of such parents.—
500,000
Co.
Co.,
the
PERIODS
551,072
no
&
& Co,., Inc.-—
The
200,000
& Co.
Inc.
Outstanding
—Calendar Years
Mar. 31, '48
Toll
FINANCING
—-
FOR
3 Mos. End.
service
of
expects
require
debs., due July 15, 1988- $55,000,000
$55,000,000
(par $100) j:
2,500,000 shs.
1,600,000 shs.
EARNINGS
Local
balance
money.
GIVING
Authorized
Common
the
construction requirements.
Company
new
construction will continue to
for
expenditures
437,899
329,000
593,393
—_
income
'"Before
Hughes
Julius A. Rippel,
100,000
200,000
200,000
1,000,000
Clayton Securities Corp.
Coffin & Burr, Inc.___
acquired on the. same basis by the payment of $533,960 in cash.
Financing was to be by issuance of bonds in the principal amount
$11,000,000.—V. 167, p. 2792.
Telephone Co.—Debentures Offered
,453,632
314,000
604,385
$164,712
income
deductions,
Pollock & Co.,
E.
Wm.
Of
Jersey Bell
467,215
-
income
charges
1,500,000
—_
Copeland
Raffensperger,
300,600
.
&
Co.
Inc.
Byrd Brothers
Collings
&
Kendall, Inc—
500,000
J_
C. F. Cassell & Co., Inc.
C.
O'Gara
Patterson,
Co.
City Securities Corp
C.'
500,000
Mullaney, Wells & Co._
1,000,000
Inc
Eyllesby
(Inc.)
Milwaukee Co.—
Minsch, Monell & Co—
200,000
Co
Co.,
M.
The
Net
150,000%
i___
Nashville Securities Co.
Stearns
be
New
165,000
229~851
planttaxes—
u
income
Gross
NEPCO's
—Halsey, Stuart & Co. Inc. and associates on July 14 of¬
fered at 103Va and interest $55,000,000 40-year 3V8% de¬
bentures.
Dated July 15, 1948; due July 15, 1988.
227,586
446,974
$240,644
utility
Total income
100,000
by
owned
456,243
deprecia¬
income
taxes
Other
A. M. Kidder & Co.____
Falls
663,758
513,111
gas pur¬
for
of
Federal
200,000
1,500,000
Ball, Burge & Kraus___
Co.,
Etc.—
748,880
465,087
,
Miller
Co.__
,
Johnson, Lane, Space &
Acquire Facilities of Bellows Falls,
facilities
of
337,465
'
interchange
Operating
Co
&
C.
Co.--,-!.-
Este & Co.
$7,040,316
S 6,050,922
2,510,354
200,000
250,000
400,000
150,000
U_—_____
Equitable Securities Corp.
The FPC has approved
&
Provision
Other
are
$150,000
"
Adjustments Approved—
.
and "
500,000
400,000
250,002
300,000
" 150,000
Redpath
Dick & Merle^Smith___
inviting
1978.
1,
will
Room
July
is
bonds, series B,
due July
$6,170,942
2,459,711
power (net)
Maintenance
Cor-
Milhous, Martin & Co._
-
E.
Bacon, Whipple & Co._
Baker, Watts & Co.___
S.
be
E.
A.
150,000
&
Cooley & Co.
mortgage
&
Inc
Mason-Hagan, Inc
150,000
______
Parker
Auchincloss,
Cohu
an
increase of
cu.
underwriter
underwritten
Burns
bett,
$17,000,000
Arnhoid and S. Bleich-
an
ago.
30,
This
production
increase
production of 98,265,000 cu. ft.
101,413,000
at
Martin,
Co.
Almstedt Brothers—__
A. G. Becker & Co.
this Association reports electric output
of 10,280,700 kwh.
This is a decrease of 2,308,081 kwh., or 18.33V ,
below
production of 12,588,781 kwh. for the corresponding week a
July
chased
N
tion
principal
debentures
1945
2,477,116
expenses
follows:
Bear,
For
teletype-
George K. Baum & Co.
will be made at any branch of the Bank
Payment
the
in
Prince
include
also
-
each
of
name
principal amounts of the
respective
Operating
A
1946
$6,054,165
1,007,614
revenues..—
oper.
Electricity and
services
Inc.
has called for redemption on July 15, next, the follow¬
outstanding bonds: First mortgage serial bonds of the 4% series "
sys- -
1947
$2,444,663
Apr. 36, '48
Total
exchange
Halsey,
The company
with- telephone
connect,
'
service, mobile radio-telephone service, and services
and
facilities for private
line telephone and teletypewriter use, for
the transmission of radio broadcasting programs and for other pur-
as
New Brunswick
communication
writer
they
which
Calendar Years-
4 Mos. End.
Co., parent, through which latter company the company has connections
for the interchange of traffic with-all other companies of the Bell
"
will
STATEMENT OF INCOME
principally New York Telephone Co. and The Bell Telephone
Pennsylvania,- affiliates, and American Telephone & Telegraph
panies,
interest from July 1,
and accrued
101.769
at
yield 2.90%.
»
in
in
Sept.
or
(a) for its expenditures under the construction program
30, 1948; and (b) to purchase at par. from time to
Sept. 30, 1948, not to exceed 25,000 additional
before
10
(254)
shares
of
THE
common
stock
of
will
which
enable
(par $100) of company's subsidiary. North¬
(Wis.), all of the presently outstanding common
is
program
to
CAPITALIZATION
.
First
mortgage
i?;-.Series due Feb. 1,
due
Oct.
•..•Series
due
July
Preferred
about
GIVING
Sept.
30,
EFFECT
stock
■l
stock
amount
pressed
Mos. Ended March 31—
$5,000,000
1975,
1978,
2%%
*
75,000,000
3%
*
par)
Other
and
authorized
under
the
indenture
is
series
and
of
which
275,000
HISTORY
1909,
in
AND
BUSINESS—Company
Minnesota
as
Washington
in
the
is
company
engaged
in
the
is
company
public
utility
an
operating public
utility business.
public
Northern
States
All
company.
of
utility
The
13,789
&
Croix
Falls
Power
&
Power
Co.
Power
Co.
In
tric
in
profit
energy
communities
for
sale
.
and
company
principal
is
now
subsidiary
Co. (Wis.), also
outstanding common
of
operating
an
stock
of
the
418
113
(including Minneapolis and St. Paul)
Wisconsin, 21 win North Dakota,' 38
in' Illinois;
The
aggregate
population
indirectly,
the
the
period
in
served
resale
to
rural
electric
cooperative
87%
of the
its
subsidiary
•company
and
March 31,
1948,
sale
of
consolidated
from
PURCHASERS
'■& underwriters
severally
Merrill
OF
BONDS—The
the
respective
purchased by each
be
Lynch,
Pierce,
Fenner
&
Kidder, Peabody & Co
White, Weld & Co.—
.
—V.
168,
other
to
electricity,
and
of
names
principal
are
the
proximately 61
Station
in
miles
Beane_—
stated
pipelines
of
County,
that
smaller
between
the
20-inch
of
Richland
company
j;: pipeline
In
the
diameter
the
pipeline
two
so
June,
to
as
points.—V.
was
tion
9
reported
for
writing
sale
July
of
$75,000,000
is
circles
thst
14
that
Net
the
167,
provide
167,
include
Other
Art
Compressor
Toledo.
The
replace existing
of
will
Dated
June
$500.
plans
has
The
will
be
under
1,
expectation
along
about
in
under¬
latter
the
of
for
pany
the
1,
1948.
June
Indiana
ending
year
May
and
coupon
Indianapolis, trustee
sinking fund agent.
1,
and
1958;
Dec.
intangibles
31,
1948.
paying
denominations
with
1
the
paid
tax
Indiana
first
by
$1,000
interest
the
National
com¬
Bank
of
agent;
City Securities Corp.,
Callab'e in whole or in
part on any interest
paying date on 15 days prior notice before June 1, 1951, 'at
105%;
on
June
1, 1951, and prior to June. 1, 1954, at 103%; on June
1,
1954, and prior to June 1, 1957, at 101%; on June
1, 1957, and
thereafter at 100% ; plus int. to the date of
redemption. The deben-
■
% tures
callable at
are
of. the
:■
under
,9
ship
&
and
2,
of
Paper
formed
1946,
under
Art
interest
through
only
under the laws of
Indiana.
during
Indianapolis, Ind.
1946,
founded
was
operation
October,
1932,
1942, a partner-
Products.
of
name
was
are
located
3500
at
N.
Arlington
Ave.,
The
company manufactures a complete line of Paper-China plates;
patented cups with handles; Sheer Paper-Linen napkins, table
covers,
guest towels, place-mats and coasters. At the
present time these prod¬
ucts
considered by
are
the management to be the leaders in their field.
PURPOSE—Proceeds will be used
and for
working capital.
%
%
CONVERSION—Debentures
to
pay
existing bank loans in full,
CashHn
U.
convertible
are
COMPARATIVE STATEMENT
OF
at
the
option
of
EARNINGS YEARS ENDED DEC.
1947
Net sales
of
Sell.,
1946
$959,606
goods
adm.
Net
&
sold
gen.
1945
$477,774
320,198
609,230
31
1944
$242,736
$7,647,100
$6,462,882
$5,061,449
171,600
156,000
156,000
137,309
57,474
exp.
174,177
107,286
66,665
sales__
$176,199
$50,290
$7,985
Other
Other
9,565
deductions
4,690
2,040
1,800
22,273
27,768
income
4,658
4,275
63,842
Federal
,
i
tax
$3,040
7,452
Inventories
Loans,
-
-
-
and
$19,760
$5,367
167, p. 2690.
been
elected
Kaufmann,
a
Vice-President
as
executive head
trustee.—V. 167, p. 945.
Sales
____
167,
p.
2581.
1946.
amortization
of
$97,399 in 1948. $79,182
fOn 390,000 shares of common stock out¬
hand
on
of
cost
or
doubtful
196,570
accts.)
275,945
lower
of
137,912
98,155
of
a
the
director
of
Gimbel
130,976
496,118
892,566
(net)
57,564
403,999
276,691
items___+_
213,596
(net)
to
other
bldgs.
deferred
,
$639,539
i
j
30,826
$2,079,331
within
145,801
195,979
due
$1,856,558
145.947
liabilities
Salary and
due and
wages
income
1,055,739
233,063
1,128,853
accrued
possible
Employees!
Reserve
losses
on
160,401
taxes
260,000
$369,602
Miscellaneous
(par
value
564,474
common
$0.61
income
and
excess
sales,
and
Int.,
oper.
divs.,
of
and
misc.
goods
admin,
and
Provision
Prov.
1947
income
sold,
oper.,
general
sell.,
expense
for
depletion:
deprec. and amortization
for
Interest
Prov.
W.
for
estd.
loss,
Profit
Net
44,999,744
268,453
287,094
1,000 068
elected
49,400
Lima,
Executive
Peru—New
Vice-President
taxes
before
1944
International
and
since that
has
been
time, the
in
close
touch
announcement
with
The
of
electric
ended
output of this company
July 10, 1948 amounted to
the
said.—V.
3,056,000 kwh.,
168, p. 155.
or
2.5%,
—V.
and
its
on
operations
of
stock at par
&
Western
will
of
on
&
be
used
167,
to
p.
acquire
750.
subsidiaries
for
the
Co., Philadelphia, on
cumulative preferred
common
1,960,242
926^066
1,000^000
'
$3,557,645
$2,804,285
134,044
$1,513 816
$3,557,645
$2,938,329
$1,626,650
properties
to
2,105
earn.
surp.
stock
of
Philadelphia
112^834
stock
1,060,160
741,819
outstanding
627 667
2,120,310
2,119,997
$1.68
1,793!335
$1.39
share
common
and
at
the
before
$0.84
special
in
credit,
167,
the
1946.—V.
$0.91
earnings per
share
are
1591.
p.
rate, of $2.75
cumulative
1,
and
after
1949,
income
that
New
were
per $100 principal amount of
20-year
debentures due Jan. 1,
1964, will be paid on
and surrender of
Coupon No. 10 on
the Guaranty Trust Co.
of
New York,
140
Y.
presentation
upon
Broadway,
date
at
York,
said
N.
Through
to be 4V2s
in
our
typographical
a
issue of June
these
error,
21, last.
July 1, 1948, interest of 2%% was
paid on the 5V2%
upon presentation and surrender of
Coupon No, 9.—V. 167,
debentures
2691.
p,
Playboy Motor Car Corp.—4,514,524 Shares Sold—
Tellier
&
Co.,
underwriters,
orders
for shares of stock of
shares from 128 brokers.—V.
have
the
168,
announced
On
July 9
of
J.
a
p.
letter of notification
common
Mass,
at
that
to
Playboy corporation
July
9,
total
1948,
4,514 524
155.
Plymouth Rubber Co., Canton,
and
($50).
RR.—V.
of
profit
1947
Jan.
shares
120,555.000
5%
2,239,850
(The) Piltston Co.—Interest Payments—
the
167, p. 750.
kwh„ a decrease
from the corresponding week of last year.
Offered—Wright, Wood
154^041
income—
credit
common
per
Interest
Air¬
Philadelphia Suburban Transportation Co.—Preferred
Stock
131,449
816 654
161,258
15,856
'149
transf.
shares
in
5>/2%
line,
week
28 073 852
8,503
on
special
disposal
on
*Based
and
according to D. R. A. Walker, President.
Together with C .M. Keys, New York
financier
and
one
of
the
early proponents of commercial
aviation, and J. H. Gundy, of Wood,
Gundy & Co., Canadian investment
bankers, Mr. Webster provided
the original funds for
the formation of Peruvian
in
143,"127
On
Manager,
ways
1,084,045
etc.
income
$1.32
1,950,000
6,306,882
$14,334,030 $13,309,994
been
1945
interests
Profit
87,171
49,400
has
1947
51,998,834
deductions
66,732
7,475,501
Webster
State
$59,300,457 $51,228,550
$32,618,131
_>■
Minority
15,000
53,186
49,820
$5)
International Airways,
Executive Vice-President—
payrolls,
and
$59,165,455 $51,113,017 $32,364 282
135,002
115,532
253,849
Total
Cost
Common
116,404
2,145,000
Peruvian
accrued
Federal
rentals
revenues,
royalties
112,222
53,186
2581.
accrued
Pittsburgh Consolidation Coal Co. (&
Subs.)—Earns.
3 Mos. Ended March 31—
Net
debentures
C.
Nil
investment in Neville Island Glass
Co., Inc., represents
of the $1,150,000 first
mortgage 4 Va % bonds due 1956 and
48%
the outstanding common stock
of that company.
On March 1, 1948,
that company filed for
voluntary reorganization under the Chandler
Act.
Provision for possible
loss, in the amount of
$200,000, was mads
during the year ended Dec,
31, 1947.—V. 167, p. 1155.
Dividends
property
surplus-
p.
$2.42
share
*$212,680
100%
*Earnings
surplus
167,
555,474
*$243,620
553,874
.
liabilities,
$137,852;
firs!
series, due Nov. 1, 1964, $3,005,000;
instalment
notes payable—4%—secured
by property of subsidiary
company, $420,000; reserves for
relining blast furnace, kilns, etc.,
$188,802; $5 pre¬
ferred stock of no
par
value—outstanding, 24,752 shares, stated at
$2,329,523; common stock without par value
(issued—621,460.34 shares,
stated at)
$6,124,444; capital surplus, $278,049;
earnings retained in
the business since
Jan. 31, 1936,
$6,362,367; capital stock in treasury,
at
cosj; (preferred stock—2,400
shares, $230,821, and common stock—
59,986 shares,
$496,507), £>>$727,328; total, $21,087,972,
665,000
Total
—V.
30,940
$1,344,899
outstanding
miscellaneous taxes, $188,682;
taxes,
$1,540,000;
other
current
106,239
reserves
stock
29,977
$341,625
'
mortgage bonds, 3>/2%
280,000
pharmaceutical
rental
on
$1,374,876
27,977
dividends
LIABILITIES—Accounts payable trade,
$1,240,581;
and
income
156,000
reserve
losses
27,200
312,262
15,000
retirement
513,000
27,100
taxes—
portion of prior years'
182,517
loans
for possible
1,474
profits taxes (net), $346,021;
trustee funds for additions to fixed
assets, $274,265; sinking fund for
redemption of bonds, $671"; investments at
cost (Great Lakes Steam¬
ship Co., Inc.—capital
stock, $1,353,568; Neville
Island
Glass
Co:,
Inc., $1,441,019; Emerald Coal & Coke
Co.—capital stock, $360,000;
and others,
$118,034), $3,272,621; investment in subsidiary
companies,
not consolidated
(at cost), $148,692; land,
$706,599; buildings, machin¬
ery,
equipment, etc. (after reserves for depreciation of
$7,701,025),
$8,604,490; mineral deposits (after reserves for
depletion of $44,980),
$48,853; deferred charges and
prepaid expenses, $264,166; total,
$21,087,972,
171,600
Dividend
payable, April l on common stock
Notes payable to
banks, unsecured (non-current)
Mtges. on properties purchased
(non-current)__
for
5,040
11,947
Crl,234,042
profit
Strike
taxes, including State income taxes—
Federal income taxes
payable for year 1947
Accrued Federal income
taxes for year 1948—
educational
28,901
4,856
and
exp.
171,864
212,367
one
Accrued
Reserve
27,842
debt
discount,
expense
Miscellaneous
long-term
48,184
*$16,364
CONSOLIDATED BALANCE SHEET, MARCH
31, 1948
ASSETS—Cash in banks and on
hand, $1,615,446; notes receivable,
$256,022; accounts receivable (after
reserve
of
$82,682), $2,014,457;
inventories (at the lower of
average cost or market prices),
$3,285,669;
note
receivable due after one
year,
$250,000; estimated refundable
l
<189,732
.
,
$i4,334,030 $13,309,994
payable
of
36,259
$725,679
11,318
per
1,390,833
LIABILITIES—
Accounts
*$65,048
59,307
___
Total
62,443
$689,420
$698,846
shares
48,052
(net)_
and office equip,
55,082*
59,142
1
Common
496,118
926,024
1,862,815
l
and
expenses
Philadelphia store, has
$72,363,563 $59,141,537 $362,763,794 $322,061,455
taxes
funded
income
Balance
80,514
117,615
,
etc
trucks
and
deductions
(net)
sale of iron ore
properties
Preferred
342,020
cost
transit
supplies
Federal
195,285
6,575,972
376,862
the
90,470
6,589,741
(at
113,814
of
C
for
res.
$2,472,662
re¬
#
(less
123,770
152,321
1,310,122
NOTE—The
1947
$2,904,500
(at
Goodwill
Proceeds
and
(J. C.) Penney Co.—June Sales
Rose 22.36%—
'I Period End. June 30—
1948—Month—1947 "
1948—6 Mos.—1947
—V.
$1.16
and
July 8 offered 6,000 shares
)Penn Mutual Life Insurance
Co.—New Trustee—
serves
390,000
$1.30
obligations
investments,
Prepaid
the
Brothers, who
$4,905,449
390,000
$0.69
Philadelphia Electric Co.—Weekly Output—
proceeds approximately
$400,000 was used to refund out¬
standing 6s called July 1 and the balance
will be used for corporate
C.
$6,306,882
429.000
.$564
Dairies, Inc.—Bonds Placed Privately—The com¬
pany,
it was announced July 9, has sold
privately
through Stroud & Co., Inc., $1,000,000 first
mortgage 4%
sinking funds bonds, due June 1, 1963.
Arthur
$7,475,500
Improvements and alternations
J %Penn
Of
31__
inventories
Automobiles and
-
$99,648
than
bond
on
interest
outstanding,
Buildings (net)
Store fixtures, warehouse
airline
*
% Net profit
r-V. 167, p. 2581.
purposes.—V.
at March
as
share
or
market)
Merchandise in
$197,823
168,085
profit on
income
,
$451,656
4,609,793
1948
banks
Capital
•
$509,480
5,953,402
tAdjusted.
Merchandise
Earned
v
$297,790
7,349,310
Si. Government
the
Cost
35,915
276,821
CONSOLIDATED BALANCE SHEET AS AT MARCH 31
June
;
37,"777
312,262
ASSETS—
Common
no
71,280
$764,392
period
1947 and $69,823 in
par value common stock of the company as follows:
1, 1948, to and including May 31, 1951, 50 shares for each
$1,000
debenture; June 1. 1951, to and
including May 31, 1954, 40 shares for
each $1,000 debenture; June
1, 1954, to maturity, 33 shares for each
$1,000 debenture.
"
holder into the
$693,112
•
182,517
tax
year
in
In January,
Paper Art Products Co.,
On
incorporated as Paper Art Co., Inc.,
Company's new plant and general offices,
the
business
completed
$859,519
9,423,807
surplus
•■'Including depreciation
Portion
the
9%;
accrued
BUSINESS—Business
the name
was
g Jan.
par
sinking fund.
HISTORY
Profit
166,
23,756
shares
140,515
Miscellaneous
163,628
$766,458
93,061
charges
per
155,733
premium
Strike
$9,953,291
160,683
$445,408
demption value)
June
l
on
of
call
41946
58,655
surplus
271,465
expenses
income
Amort,
Net
1947
$504,063
common
tEarnings
375,606
exps
profit
income
Interest
compared
10,324,142
income
Earned
No.
$3,597,294
2,288,491
$1,740,386
2,826,683
158,004
oper.
*Loss.
10,557,404
exps.
surplus
Dividends on common stock
2793.
maturing
pavsble
other
Other
$11,002,812 $11,090,601 $10,116,919
income
earned
1946
repairs
Gross
ACCOUNT
Land
1948;
•paying date Dec.
operation,
1948
Total
considera-
Co.,
Interest
in
154,648
income
1947
dis¬
returns
$4,214,707
and
and
State .income
1948—6 Mos.—1947
stores
138
profit
Net income for
in
2793.
p.
sales
Taxes,
1947.-
income
Federal
1943
less
Depreciation—,
sales, store operating, ware¬
Previous
20-inch
continuous
a
Inc., Indianapolis, Ind.—Debentures
Offered—City Securities Corp., Indianapolis, in June of¬
fered $200,000 5% convertible
sinking fund debentures
at 100 and interest.
and
in
an
Chemical Co. (& Subs.)—Earnings
$3,594,123 $22,001,107 $22,081,198
had
company
month
same
Accts.': receivable
Paper
$13,324,558.—V.
&
freight,
Selling and admin,
Commissions,
$10,848,164 $10,929,918
store
Total
ap¬
;
'
total,
1948—Month—1947
sales
Co.—May Issue Debs.
company
offering
p.
$2,064,850;
1946,
house, general and adminis.
Pavonia
city
line
gen¬
155.
allowances
of
Total
Other storp Income
"■Cost of
168, p.
earnings,
outward
Earnings
bonds
authorization
application
between
debentures.
the
of September.—V.
part
the
1948,
standing.
It
Cost
and
Maintenance
Federal
in the
Estimated
and
Pacific Telephone & Telegraph
J'
to
Capacity—
20-inch
sales
and
1948
only asset is land (less
future operations,
$205,984;
3,333,000
Ohio,
Compensation
CONSOLIDATED INCOME
$3,334,000
company's
proposed
31,
whose
3 Months Ended March 31—
3,333,000
in
Workmen's
$3,760,202
with 135
principal
new
______
requested
1,
gales
Miscellaneous
facilities
MARCH
1258.
Operating
The Federal Power Commission has granted
temporary
The
AT
Peoples Drug Stores, Inc.—June Sales Higher-
from
this
company
for the construction and operation of additional
natural gas pipeline facilities in Ohio to increase
transmission capacity
to
Toledo, Fremont and adjoining areas.
Cost of the project has
been estimated at $3,082,000.
to
State
period End. June 30—
49.
p.
AS
services
several
of
with
Jan.
utility
9%
telephone
amounts
SHEET
BALANCE
follows:
as
Ohio Fuel Gas Co.—To Increase
'l •"
of
sale
water
for
year,
12.6%.—V.
3 Mos. Ended March 31—
Gross
State
Total
and
to
the
heating,
Nil
on
since
1894,
pp.
operating revenues of the
for the
12
months
ended
companies
derived
was
and 4%
from
and miscellaneous revenues.
gas,
'=$218,224
$0.01
wholesale
at
served,
in Minnesota,
Dakota, and 6
electricity is esti¬
and
cash
•
.
Approximately
the
associations
deposit
surplus
approximately 1,484,000.
In addition, the companies furnish
directly to many rural farm customers and at wholesale for
companies.-
$7,710
$0.23
payable (trade), $352,382; accrued wages,
taxes, interest, etc., $616,516; provision for Federal income tax, $724,132; first mortgage bonds, 3!/4% series due 1953, $2,450,000; reserve
for self insurance (workmen's
compensation), $250,000; capital stock
(par value $7 a share), $3,681,797; capital surplus, $3,184,881; earned
communities
with
increase of
LIABILITIES—Account's
South
mated at
service
used
2,000
$119,972
share
common
foreign subsidiary (50% owned)
reserve), $45,000;
deferred 'charges
total, $13,324,558.
located
are
in
123
30,425
52,000
in
and
energy,
directly or
additional communities.
Of
-$185,799
26,652
tax
deposit with trustee, $14,940; sundry investments and
deferred receivables including claim for Federal tax refund
($774,000),
$796,886; land, buildings, machinery, equipment, etc. (after reserves
for depreciation and depletion of
$18,471,610), $5,754,082; investment
(Del.),
electric
be
Co.—Weekly Output—
the
Pittsburgh Coke
for
per
$46,000;
production,
and
in
will
operating companies served by this company
July 10, 1948 totaled 231,466,000 kwh., as com¬
pared with 205,613,000 kwh, for the
corresponding week last
$1,646,838; notes and accounts receivable (less re¬
$1,296,867; inventories, $3,517,961; U. S. Government securi¬
serves),
ties, on
Chippewa Valley Construction Co.
and its public utility subsidiary companies are
engaged
transmission, distribution and sale of elec¬
and furnish electric service at retail in a total of 493
the
loan
June
on
for
ASSETS—Cash,
in
The company
chiefly
$34,362
22,882
debt
income
CONSOLIDATED
16,
and
Interstate Light & Power Co. (Wis.), St.
Improvement Co., St. Croix Power Co., Saint
Anthony Falls Water Power Co., Minneapolis Mill Co.,
Mississippi &
Rum River
Boom Co.,
United Power & Land Co., Chippewa River
Co.
from- the
that
Pioneer Service & Engineering
Electric output of
the week ended
16,742
:;,Loss.
Wisconsin
Fibre
122,566
$194,854
Fed.
Earnings
are
Company, representing 97.07% of the voting power of that
company,
is owned by the company.
The company's other direct
subsidiaries, all of which arc wholly owned, are as follows: Interstate
Light
*$202,541
$181,065
counts,
Power
the
Wisconsin
Proceeds
a
ex¬
outstanding
organized on June
Light & Power Co,
was
December, 1909, name was changed to Consumers
February, 1916, to Northern States Power Co.
The
$8,705
25,657
operations
funded
on
for
Net
shares
County
2%.
29, West Edmond Oil Co.,
subsidiary, acquired 75% of the outstanding capital stock of York
State Oil Co.,
Inc., a New York corporation, for a cash consideration
of $1,742,643.—V.
167, p. 2364.
1,606,951
profit
Prov.
3,518,889 shs.
unlimited
from
Interest
275,000 shs.
4,000,000 shs.
designated "cumulative preferred stock, $3.60 series."
•
1,919,622
134,806
156,480
is
corporate purposes.
The company also
reports
1946
-
$1,526,976
depletion—
rate
eral
1947
$2,063,133
income
Net
13,175,000 shs.
par)
amount.
in
Monday, July 19, 1948
interest
10,000,000
Profit
'
^Issuable
1948
$2,828,173
2,490,628
expenses, etc.
Prov. for deprec.
FINANCING
*
(no
(no
*The
CHRONICLE
Outstanding
2%%
Cumulative pfd. stock, 3.6o series
Common
PRESENT
Authorized
1974,
1,
1,
3
Sales, less cash discounts & allows.
Cost of sales,
ordinary taxes, oper.
1948.
TO
bonds:
Series
FINANCIAL
Pennsylvania-Dixie Cement Corp. (& Subs.)—Earns.
owned by the company,
It is estimated that this
Wisconsin company to carry on its
portion of the
the
construction
&
stock
States Power Co.
ern
COMMERCIAL
was
'
Mass.—Filing With
filed
with
the
SEC
for
SEC
2,500
stock, to be sold for Walter H.
Bieringer, BrqokUnderwriters, E. W. Clucas & Co., New
$5,/8.
Arthur Warner
&
Co., Boston.—V.
Plywood, Inc., Detroit, Mich.
Simonds & Co., Detroit, have
—
York
167, pp.
1591, 1475.
Stock
Placed—Baker,
placed privately 10,000
(par $1) at $3.121/2 per share.
Proceeds go to selling
stockholder.—V. 167, p. 2691.,^ 1
shares of
stock
common
Portsmouth (Va.) Finance
Co.—Bonds Offered—Vir¬
ginia Securities Co., Norfolk, Va., on
July 1 offered $25,000 41/2% 10-year income
bonds, due June 1958, at
1Q0.
Proceeds will be used for
working capital.
Puget Sound Pulp & Timber
Co.—Ruling—
Having been
Phillips Petroleum Co.—Bank Loan Arranged—
In
pany
report to
states that
a
National
with
the
the
as
Securities
of
June
15
and
a
Exchange
note
for
Commission,
$10,000,000
was
the
common
com¬
issued
to
City Bank of New York,! payable on or before June .15, 1950,
right of prepayment, in whole or in part at any. time.'The
tional
on.
July
that
V.
stock
share
1,
that
this company plans
distribution on July 15,
the
each
share
held
of
record
at
1948, the New York Curb Exchange
this issue
167,
informed
with
for
would be
P.-2691.
quoted
'.•
—
•* " '
ex
to
on
the distribution
split
its
no
par
1948,
the
of one addi¬
close of business
July 2 announced
July 15, 1948.—
on
of the National Broad¬
Adams, Assistant General Counsel
C.
has been elected Vice-President and General Attorney,
succeeding Glen McDaniel, who has been elected a Vice-President of
Radio Corp. of America.—V. 168, p. 50.
casting
11199943413802
Co.,
Vice-President—
Radio Corporation of America—New
11994457
SUMMARY
Communications, Inc.—New Vice-President—
RCA
David
COMMERCIAL
THE
Number 4717
Volume 168
Vice-President and General Attorney of
RCA
has been elected a Vice-President of the
Radio
Corp.
of America
to serve on the
President's staff, Brig.
Gen. David Sarnoff, President and Chairman of the board, announced
on July 2.—V.
167, p. 2473 .
McDaniel, formerly
Communications, Inc.,
Glen
Based
market
upon
Per
4%
Per
collateral
-—V.
as of June 30, 1948, this company
its outstanding securities as follows:
$28.31
163.25
share
common
convertible preferred share ($50 par)
cumulative
trust
104,390
853.143
&
435,372
Schuylkill Valley
Colo.—Stock Offered—Ralph S.
Young, Colorado Springs, Colo., and J. A. Hogle & Co.,
Salt Lake City, Utah, in June offered 400 shares of capi¬
tal stock (par $1) at $27 per share.
Co., Denver,
Realty
will
Proceeds
Rock
of
be
2582.
p.
Higginson
Offered—Lee
Corp.—Stock
Ages
167,
capital.—V.
working
for
used
June 15 offered 2,000 shares of common stock
(no par) at $13.50 per share.
Corp.
on
Proceeds
of
shares
will
used
be
Roosevelt
Oil
existing stockholder.—V.
an
Corp.—Stocks Offered—F.
July 15 offered to the public
Refining
&
Co., Inc., on
Eberstadt &
for the cost
167, p. 2691.
corporation
the
reimburse
to
from
purchased
135,000 shares of 6% cumulative convertible preferred
stock ($12.50 par) at par and div. and 44,000 shares of
common stock (no par) at $10 per share.
for the preferred stock and the common stock
Is Chase National Bank. 11 Broad Street, New York, and the registrar
transfer
The
is
New York.
Broadway,
120
of
time
was
sale of
the issue and
securities
the
now
The financing will also provide the company with
working capital of approximately $299,446.
The three companies to be acquired, taken together, constitute, and
■management group.
been operated as, an
Roosevelt and Simrall were
liave
integrated petroleum business in Michigan.
incorporated in 1929 and Maguire in 1933.
While the company is authorized to engage
in all branches of the
petroleum business as an operating company, initially it will be a
holding company and will derive its income from dividends paid by
the three companies.
One or more'or these three companies may be
merged into the company shortly following their acquisition but no
specific merger plans have been worked out.
The principal executive
offices of the company are located at Mount Pleasant, Mich.
and
its
will
the
of
business
Prov.
for
U.
Fed.
167, p. 2793.
oils
subsiidaries,
the
petroleum products, at wholesale or
this part of the business is now carired
refined
principally in Michigan;
Roosevelt
by
and
owned
wholly
its
subsidiary,
The refining and processing of crude
<3>
distribution
carried
crude
business
<5i
marketing
in
and
production,
Michigan;
fields
oil
part
and sale
the
of
of
crude
business
is
almost entirely
oil,
carried
now
6%
cum.
Common
*Of
on
prin¬
Period End. June 30—
note,
due
GIVING
stock
which
serially
pfd.
conv.
(no
1948—Month—1947
$1,182,540
EFFECT
PRESENT
TO
—V.
167,
stock
($12.50
par)
*260,000 shs
shares
135,000
Outstanding
$1,300,000
135,000 shs.
115,500 shs,
135,000 shs.
par)
reserved
for
conversion
of
the
preferred
$6,322,463
2298.
p.
NOTE—Prior
to
July
14.
the
1948,
;
had
company
shares
1,000
of
($1 par)
authorized, of which 85 shares were oustanding.
1948, pursuant to an amendment to the certificate of
Incorporation, the authorized capital stock was increased to 260,000
chares
tive
of
preferred
($1 par)
classified
stock
common
stock
which
into
($12.50
iYi
nd of
and
par),
135.000
The
par).
shares of
shares
85
6%
previously outstanding were at that
shares of common stock (no par).
intention
cents per share
20
30,
of
the
on
company
to pay
stock
common
for
July 23,
for
total
a
of
167,
shares
4,452
on
redemption
Oct.
1,
5%
of
will be
stock
preferred
at $110 per share and accrued
1948
2365.
p.
Sandy Hill Iron & Brass Works, Hudson Falls, N. Y.—
Glens Falls, N. Y.,
recently offered 59,000 shares of class A participating
preferred stock (par $4) at $5 per share.
Proceeds will be used for additional working capital.—V.
be
(n)
sold
to
the
the
Hannaford
& Talbot, San Francisco, acting as selling
agents, in June offered 15,000 shares of 6% cumulative
preferred stock, series A, at par ($10), with warrants.
Each
purchaser
Proceeds
a
$1
per
be
will
of
at
shares
common
used
share
preferred
entitled
is
purchase
to
six
share.
for
working
expansion.—V.
and
capital
167,
2582.
p.
Schwitzcr-Cummins
Ind.—Filing
Indianapolis,
Co.,
of
the
from
company
preferred
stock
(i)
and
time
re¬
On
July 6
shares
letter of notification
a
5>/a%
class
A
Louis Schwitzer,
by
writer,
Paul
H.
with
filed
was
cumulative
Davis
&
Chicago.—V.
Co.,
167,
the
3,000
for
SEC
be
($20 par) to
directors.
preferred stock
Chairman of the board
Sr.,
quarterly
the quarter
a
the bank loan
common
stock
John
V.
Blalock,
representative
editor
sold
Under¬
of
2298.
p.
the
Durham,
N.
company's
Appointment
C.,
has
public
ne^ P)'occeds. atter deducting expenses estimated at $40,000,
approximately 03,694.750.
The net proceeds received by the
company will be used for the purchase of:
<3)
be
1.000 shares of
$631.45
,
per
^Total
The puichasc
common
stock
(no
pari
of
$1,522 535
Winston-Salem
Sentinel—V.
168,
special
Morning
associate
Durham
become
51.
p.
NOTE—For
to
Maguire at
contract
provides that all
$3j265,110
or
any
part of the remain-
nncitori'??)+*ofTTc0"lmon stock ($i par of Roosevelt may be deR. IHu
Chase National Bank, New York, as escrow agent and
IvtlLf ^
wil1 Purc,lase all of the shares so deposited, 'it is
,lia, a? or substantially all of such remaining shares will
arrange
Sealed Power
of
this
to
Corp.—Acquires Piston Ring Plant—
aircraft piston ring plant at Muskegon, Mich.,
its wartime operator, for $350,000, was approved
the War Assets Administration.
surplus
a
29
by
The
property consists of
section and an office.
shop
site
purchased by the
WAA
that
said
in
included
the
The
will
items
be
containing
building
of
machinery
removed
the
from
posal.
to
value
ment
equipment not
future dis¬
and
plant
for
•
Return
fair
machine
1.57-acre
a
building was erected on a
from the corporation in 1942**
government
certain
sale
single
a
the
of
government
in
the
Original
$424,701.
cost
sale
a
82.4%
is
the
of
appraised
the
of
equip¬
property and
real
Period End. June 30—
Higher—
Corp.—Secondary Offering—The
First Boston Corp. and associates on July 12 completed
a secondary offering of 163,303
shares of capital stock.
The stock was priced at $34,125 per share, with a conces¬
sion of $1 per share to members of NASD.
Associated
Weld
with
Dillon
Fenner
&
The
&
First
Co.;
Stone
Dodge & Co.;
Marks
&
Corp.
the
in
Pea body
&
offering
rnninnt?v
$29,?'l46 ,f„5n. of ^ outstanding securities
n
A
company
of.RoosS
addid to the general corporate funds of the
purposes
working capital and other corporate
reserve for contingencies,
foreign exchange, $68,541;
$50,618;
losses
(322,569
on
167, p. 1699.
Co., New York, on June
Cleland
D.
Wertheim
Co.;
Wm.
Co.;
&
speculation.
as a
&
Dominick &
Parker
Auchincloss,
Co.;
Redpath;
&
R.
Chas.
W.
Scranton
Co.—V.
&
167,
the
for
.
sales
$2,977,519
$2,770,086
ago.—V.
year
stock
"■Includes
Company
of
capital
be applied
will
proceeds
operations.—V.
company's
the
for
of
stock
directors
10%
a
of
common
record
common
stock
tificates
will
was
the
stock.
reasonable
to
dividend later
on
July 31
Mr.
$15,351,946 $13,667,152
wholly-owned subsidiaries.
June,
1948, against 316
167,
in
lieu
This
of
will
to
or
authorized
distributable
dividend,
1948.
shares,
the
of
Sept.
but
24
Dec.
also
Cash
2,846,000
Charlotte, N. C.—Stock Offered
par
Proceeds
display
preferred
cumulative
6%
„
estate,
real
purchase
to
to
stock¬
of
maintain
fundamental
of
are
fractional
warehouse,
construct
the
distributions of $1.25
company
the
at
share
was
each
were
made
Earnings—
Jan. 1 to July 7->.
'
1947> •)?
a
This
The
The
'
.■
is
.
*.
i
•
.
t
:
cost
Decatur
which
will
Holiday Closings—
corporation's-two" Philadelphia (Pa.) plants will be idled from
July IT, to Aug. 2 for employee vacations.
*..
"
,' { '■ .
»
The bearing retainer plant at" Shippensburg, Pa.; and pillow block
plant at Hornell, N. Y., opened last September, will continue in
operation.—V. 167, p. 1050.
The
of
unit
is
of
part
Kellogg
and other necessary buildings,
$3,000,000.
expansion and modernization pro¬
started in 1944. and when the entire
company will have expended $15,000,000
to 1949, inclusive. This expansion program
possible the processing by solvent
entire production of soybean oil and
'
•
.
Standard Brands, Inc.—Sells
General
See
Electric
Co.
directors
of
Standard
Oil
Co.
(New
Aug.
cents
167,
p.
2299.
stock,
also
per
1 '
-
..Kr.
declared the regular quarterly cash divi¬
and an extra dividend of one share of
stock for each 100 shares of Standard
both payable Sept. 10 to stockholders' of
12
Jersey)
4.
directors
The
50
Oil
)
Brockport Plant—
share
per
(Indiana)
Co.
record
July
on
cents
50
above,—V.
extraction of the com¬
meal.—V. 167, p. >1511
■
(Indiana)—Stock Distribution— .rs
Standard Oil Co.
The
dend
j
an
make
pany's
Plant—
been, let for the
over
company
Spencer
Fractional
SKF Industries, Inc.—Plants Have
*-
consist
will
have
contracts
processing plant at Decatur, 111.
a
solvent extraction unit, with a
tons of soybeans daily,
the
program is completed the
in the five years from 1945
to
the company's
insistence on the progressive
of oil and gas, a large scale
projects,
natural gasoline
plants,
refinery
enlargements and
im¬
provements
(including a new catalytic cracking
unit and crude
oil
pipe still at El Dorado) and .other important additions to and
enlargements and improvements of the company's productive assets.
Tremendous capital is required to sustain this progressive program."
—V. 167, p. 2473.
ah
of
addition
new
will
and
announces that
addition to its
corporation
capacity of 500
Pursuant
of exploration, acquisition, and development: is under way
well areas where heavy capital investments are required.
Also under way at various stages of progress arc oil field repressuring
:
156.
p.
construction
program
in
deep
?
$4,366,994 $164,712,702 $150,035,821
Spencer Kellogg & Sons, Inc.—To Expand
constant
reserves
168,
1948
1947
$4,897,615
earnings
gram
is
record
position.
company's
policy, which is
its underground
office and
space.
shares.
17, last year.
as
follows:
operating
—V.
the outstanding
shares.
Scrip cer¬
the best in its history.
All
volume and profitable prices.
At the same time there is an unprecedented need for the conservation
of
cash with which to provide at present high
costs, facilities to
meet
the spectacular growth of demand for petroleum products and
departments
Gross
offered
stock at
Co., Charlotte, N. C., on July 9
of
shares
($50).
2,500
10, 1948.
the cpr156.
1
increase
1,079,476
announced
condition
of
Co.—Weekly Output—
of this company for the week ended July
kwh., as compared with 2,282.000 kwh. for
responding week last year, an increase of 24.7%.—V. 168, p.
output
Electric
totaled
1948
unissued
paid,
company on its
W. G.
Skelly, President, on July 13 added that "it
expect the declaration and payment of another cash
this year."
Association
National
the
of
2693.
p.
Southern Colorado Power
Stock Dividend—
1948 a cash dividend of $2.50 per
largest single dividend paid by the
and
Skelly
"The
20,
issued
be
28,
stock
98,135
out
2693.
common
Southern Ry.—Estimated Gross
declared
Aug.
by
June
common
is
have
additional 'working
as
167, p.
District No. 13. on July 1 announced that the par
stock is $5 instead of no par, as originally
Dealers,
the
Committee
Practice
Uniform
The
value
President, in the
Value Changed—
South Jersey Gas Co.—Par
Securities
Schary,
Stanley
S.
from
loan
has a
$58,414.
*9,000 shs.
3,000 shs.
to James D. Cleland.
shares to be sold
1,050
• -
3,000 shs.
Week End. July 7
The
Outstanding
9,000 shs.
$1)
(par
stock (par $1001
preferred
6%
167, p. 2583.
Skelly Oil Co.—Declares 10%
,
and semi-professional
recording
Southern Radio Corp.,
1948—6 Mos—1947
1948—Month—1947
Above includes sales of corporation and its
There
were
319
retail units operating
in
a
purposes
instrument which it is believed
is one of the finest music reproducing instruments in the commercial
field.
Drawings and designs required to go into commercial production
have been completed, and company is now arranging for the manu¬
facture of Magnesonic units.
This instrument will be marketed under
the trade name "Magnesonic."
An application for a trade mark on
Magnesonic has been filed with the United States Patent Office.
CAPITALIZATION GIVING EFFECT TO PRESENT OFFERING -
home
—R. S. Dickson &
Period End. June 30—
Delaware
in
organized
was
of entering into the development,
analysis,
research
and
manufacture of
magnetic' tape recording
instruments.
Company has established its principal office
at 5501
Wayne Avenue, Philadelphia.
After 14 months spent in research the company has developed a
1699.
p.
Shoe Corp. of America—June Sales Increased 7.49%—
Retail
- ■.,
BUSINESS—Corporation
&
1947,
17,
were:
Corp.; White,
Dominick; Laurence M.
Farwell, Chapman & Co.; Kebbon, McCormick
Staats Co.;
Underwood,
Neuhaus
&
Co.;
Wurts,
and
Co.
Offered
14 offered
Reproducer Corp.—Stocks
Sound Recorder &
Securities
Whipple & Co.;
Dulles
$300,000; reserve for unreal¬
capital stock—common stock
shares), $4,484,991; capital surplus, $583,250; earned
(accumulated since May 31, 1934), $5,444,287; total, $17,550,par
no
302.—V.
Lynch,
Merrill
Co.;
&
Webster
.
remaining portion of the net proceeds received by the
$291,484; notes payable (non-current). $2,700,000; reserve for redemp¬
tion of Corona Typewriter Co. preferred stock, $100; reserve for insur¬
stated.—V.
Boston
Kidder,
Beane;
&
Clark,
Co.;
payable—trade ana
dividends payable, $162,171; U. S. income taxes pay¬
U. S. Income taxes accrued, $250,046; foreign income
taxes payable and accrued, $71,861; other taxes and expenses payable
and accrued, $1,239,580; coupon book and inspection contract liability.
$607,987;
$995,387;
amount
2582.
Shamrock Oil & Gas
Pierce,
'"J,,
on
hand,
redeemable
and
or
payable, $300,000; accounts
LIABILITIES—Notes
PURPOSE—The. net
n
"
banks
in
(market
bonds
war
1948—5 Mos.—1947
1948—Month—1947
$203,537,916 $163,455,688 $935,292,547 $762,024,470
Eastman.
.
Authorized
Sears, Roebuck & Co.—June Sales 24.5%
167, p.
.
$1,357,902: U. S. Treasury
value $245,076), $242,300;
Dom. of Can. and British war bonds. $108,088; accounts and notes re¬
ceivable—trade (less reserve for doubtful accounts of $138,233), $3,.252,026; accounts receivable—other (less reserve)', $99,202; inventories
(at lower of cost or market), $6,166,080; non-current receivables and
investments, $58,417; plant and equipment (less reserve for deprecia¬
tion of $4,427,458), $5,100,465; patents subject to amortization. $5,304;
cash deposited with trustee for redemption of Corona Typewriter Co.
preferred stock, $111; prepaid expenses and deferred charges, $212,443';
goodwill, trade marks and formulae, $947,965; total, $17,550,302. 5
and
Common
—V.
«.
.
$834,235.
was
322,571
V; $0.64 %
i^HEET. MARCH 31, 1948
BALANCE
CONSOLIDATED
offered
corporation,
June
on
tr. Htlfi,,? rlc
comPany at the time of the issue and sale of the
^ ' f 'ow. ?ffere?,; The aggregate purchase price of these shares
tin?
^
s*iaie
be $130,194 if all are so deposited.
lne
administrative expenses.
and
HISTORY
increase
631,450
138,119
276,237
Earnings per com. shr._
$0.93
$0.07
NOTES—(1) Net income includes $7,154 in 1948, $27,864 in 1947.
$3,028 in 1946, and, $4,269 in 1945, representing net income of the
English subsidiary company (translated at official rate); and $12,300
in 1948, $34,268 in 1947, $7,285 in 1946, and $5,381 in 1945, represent¬
ing net income of the Canadian subsidiary company (translated at par).
(2) Sales include service sales and rentals of typewriters and other )
equipment, part of the costs of which is included in selling, general
161,283
161.283
322,569
$1.23
161,283
322,569
Feb.
Sale
19,304
J
2,710 shares of 6% cumulative preferred stock (par $100)
and 2,710 shares of common stock (par $1) in units of
one share of each at $101 per unit.
The securities are
mechanical
reasons
it ie not always
companies in exact alphabetical
order.
However, they are always as near alphabetical
position as possible.
possible
7
stock___«
com.
surplus
department.
recently feature editor of the
Alfred G. Ivey,
who resigned to
$43,337 )
$204,560
——
——
-
James
to
1,111125
share
—
.—
cum." pfd.
$6
on
ized
—
appointed
been
relations
until
replaces
of
of
the
in
Blalock,
Herald,
group ($551,250), will be $3,734,-
£
<l)v 168.422 shares of common stock ($1 par) of Roosevelt
| at $9.04 per share?.'??? shares of capital stock (no part of Simrall at
y. I. $444,45 per share..
21,570
.
79,337
$397,308
income
on
stock
ance,
Seaboard Air Line RR.—New
holders
<$1,883,5001, after deducting under¬
writing discounts and commissions, and (iiit the sale of 63,000 shares
will
236,473
$300,890
Net
Divs.
able,
stock
underwriter
SL*?01.1}™011 stock t0 <hc manag2,nent
158,182
$373,721
'
—-—
Crl,421
other,
With SEC—
On
sale
272,582
taxes'
"'ASSETS—Cash
which
to
249,838
renegot.
For.
&
2,382
167, p. 1699.
Schuyler-Wilson Co., San Francisco—Stock Offered—
1948.
o™P££E~T.he Proceeds ^ the
4*1,300,000),
$395,293
36.117
Outstdg. shs. of com. Stk.
Stock Offered—John L. Nolan, Inc.,
cumula¬
capital
of
were
8,500
DIVIDENDS—It is the
ehdmg sept.
(no
1943
for
Divs.
clock.
capital stock
On July 14,
$397,971
35,219
957.807
40,408
,
60,000
1948—6 Mos.—1947
$6,579,522
$1,062,334
Safeway Stores, Inc.—To Call Preferred Stock—
&
FINANCING
$1,300,000
1949-52__
58,352
$754,181
85,711
contingencies.
•
Bacon,
Maguire.
Authorized
bank
business is
the
part of
by Simrall.
on
purchase
this
CAPITALIZATION
4%
Terminal Co.
companies
ROC
for other oil
oil
this
(principally by pipe lines) and sale
in
Michigan; this part of the
gathering
from
carried
now
cipally by
them;
by
by Roosevelt.
on
oil
is
The
within
and
purchasing,
The
(4)
of
by Roosevelt.
marketing of
on
The
(2i
now
of
$329,667
68,304
1,306,141
42,475
Adj. of prior year taxes
Sales
carried
retail,
for
acquisition
the
refining of crude oil into gasoline, naphthas, kerosene, fuel
other petroleum products; this part of the business is now
The
and
on
following
S.
Prov.
Sales
of the company
three companies,
be:
(1)
40,665
Other deductions
409,907
229,944
additional
character
$713,516
oper.
income
Total
81,134
offered.
purchase price will be provided through the sale of the 135,000 shares
of preferred stock and 44,000
shares of common stock now offered,
and the sale of 63.000 shares of common
stock to members of the
general
$600,736
$66,699
194,790
230,638
122,000
An aggregate of $3,395,304 will be required to purchase all of the
outstanding shares of Roosevelt, Simrall and Maguire. Of that amount,
$1,300,000 will be provided by the bank loan and the balance of the
BUSINESS—The
54,759
65,963
profit, from
245,910
Mr.
organized May 15, 1948, in Delaware.
Upon completion of the present financing, company will own at least
92 %
of the outstanding stock of Roosevelt Oil Co., and all of the
outstanding stock of C. L. Maguirc, Inc. and Simrall Corp. Company
will also purchase any or all
of the remaining shares of stock of
Roosevelt tendered to it.
It is expected that all or substantially all
of
such remaining shares will be tendered
to the
company
at the
COMPANY—Company
Net
80,206
.
Other income
655,817
agent
Empire Trust,
240,582
352,392 '
206,857
exps.
depr. & amort.
351,944
dividends—V.
the Reading Co. of
Creek & Mine Hill
Carbon RR, and the
51.
the Mount Carbon & Port
Navigation & RR.—V. 168, p.
RR.,
334,576
500,751
284,137
751,590
Sell., gen. & adm.
Prov. for
1945
$3,654,554
2,282,618
,
1,804,596
sales
of
311,772
on July 2 approved the acquisition by
through ownership of stock, of the Mill
ICC
25,811
88,076
'490,694
drawn
Reading Co.—Control of Companies Approved—
The
Cost
61,186
302.892
255,000
On
control,
$425,064
241,706
78,579
166,924
417,014
$98,260
$523,324
1946
$4,191,694
2,513,411
$5,787,822
3,440,220
1,579,328
$6,436,050
3,950,512
sales
1948 (3 mos.)
167. p. 2691%
Navigation
Net
1947
1948
3 Mos. End. Mar. 31—
Net Profit
Income
on
1946—;
2,664.53
bond
3 V* %
Federal Taxes
Federal Taxes
Subs.)-*
(L. C ) Smith & Corona Typewriters, Inc. (&
YEARS
CALENDAR
FOR
Rose's 5, 10 & 25-Cent Stores, Inc.—Sales—
quotations
net asset coverage of
reports
Per
EARNINGS
Profit Before
—V.
Railway & Light Securities Co.—Asset Value—
COMBINED
OF
(255). 11
CHRONICLE
FINANCIAL
&
declared
a
further
quarterly* cash
7 "%
dividend <of
share, payable Dec. 10 to stockholders of record Nov. 10.
shares will not be distributed, but holders of odd lots
l00-share lots) .of Standard Oil Co.% (Indiana)
cash sum equivalent to the value of the fractional
Oil Co. " (New Jersey)
stock to which they
would be entitled on a pro-rata basis.
The precise amount of such
cash sum will be determined by the weighted average market price
of the Standard Oil Co. (New Jersey) stock on the record date as
(i.e.,
other
than
stock will be
shares
paid
of* the'
even
a
Standard
MJ51.J
12
(256)
THE
reflected by transactions
market
cents
prices
the
share
per
Standard
Tte
the New York Stock Exchange.
At present
dividend would- be equivalent to about 37
Oil Co. (Indiana) stock.
on
extra
Oil
Co.
the
extra
dividend
tax
will
purposes
be
the
(1) Transformers—gas.and
weighted
$2.50
chokes
July 13
'
Ill
type.
of the
"drive-in"
'
■
■
type and 16 restaurants of the
stock
(par
50c)-,.
UNDERWRITERS—The
number of
shares
be
to
purchased is
stock
the
to
feet-at
largest
443
the
over
notes,
chain
White
."
PURPOSE—The
of
&
Co
Dempsey
Alfred
No. of Shs.
-
existing
35.000
&
Co
35,000
-
O'Gara
&
Co
L.
Straus
Jackson
B.
&
&
Central
A
1
net
of
and
Blosser
tion,
Total
♦In
all
addition,
the underwriters are granted
any of the additional 50,000 shares of
or
within
V.
60
167,
days
the
of
effective
date
to
*110,000
purchasing
common stock registered,
the registration statement.—
of
shares
be decided
Sept.
These
1.
for each $100
will
State
be
and
used
notes
Federal
Net
Selling
Period End. June 30—
1948—Month—1947
Sales
$1,143,086
—V.
$1,150,124
(d)
for
$5,249,871
.
Net
(a)
(c)
other
for
interest rate
of
with¬
.
will mature
over a 15-year period.
The company has
option to increase the borrowing to $4,000,000.
j David
H.
Harshaw,
President,
said
the
$3,000,000
to
—
be
income
tax—
:
,
"
"
corporation
on
by
G.
ganized
of
&
Dusters,
New
a
investigating
on
as
as
New
a
York
corporation
Sept. 27,
on
possibilities
in
the
1945,
field
for
of
As
applied
construct
the
f
to
the
facilities
the
of
United
States
and
some
foreign
.The
Federal
to
Commission
Power
increase
its
authorized
aerial
services,
sales
since
not
are
Company holds
connection
no
Y:
of
P.
in
by
time
it
of
most
is
to
of
Oxnard,
aerial
purchase the
Murray
J.
believed
the
option
affiliation
or
present
with
the
aerial
Calif.,
company
a.
option
return
vsed
by
and
addition
Murray is to
field
during
company
P. J.
is
to
all
refrain
the
period
also
to
be
that
provision
Union
it
of
Oil
tract
is
formerly
President
PURPOSE—It
and
to
of
daily.
gas
about
cost
The
existing
$13,350,000.
Corp.—Stock
and
of
Offered—Stewart
Transfer
in
Company,
Humble
the
Houston
.
Real
Estate
Oil
Intended
to
15
J.
funds
the
raised
$20,000
ceeds
of-
For
under
through
continuation
year
(2)
Murray
of
note
which
the
this
issue
payments
executed
were
of
by
used
remainder
follows:
installments
the
for
company on Feb.
the
development of
of
been
the
the
June
to
will be drilled
CAPITALIZATION
Capital
—V.
stock
167,
p.
(par
GIVING
10c)
EFFECT
and
has
not
accounted
for
that
same;
past
over
other
large
Production
.
."
.
July 21—
cost
taken
at
car will being'July 21.
Paul
distributor and. Vice-Chairman
Association, said that the steps to re-op'en
Distributors'
at
the
the
insistence
plant
July
of
14.—V.
the
167,
company's
2584,
2,000
dealers,
p.
Redempt'n
.
105
at
and
interest.
Immediate
interest to Aug.
presentation
upon
Co.—V.
167,
and
1.
surrender
Aug.
on
1,
bonds,
3% ft
payment
of
the
1948
will
said
of
bonds
1948
due
full
be
made
at
the
at
the
Feb.
redemp¬
ahy
Irving
2795.
p.
Publicity-
LeSieur, Assistant Director of
Advertising and Publicity
January, 1947, has been named Director of
Advertising and
Publicity,
succeeding
Paul
N.
Lazarus, Jr., who lias been named
.
Executive Assistant to
,
well
Mr.
has
Long
President.—V.
168,
United Cities Utilities Co.—Subs.
See
had
-
on
the
of
cost
a
the
89.
p.
,
Harris
$10,000
of
Tennessee
Gas
Co.
above.—V..
U.
S. Airlines, Inc.,. St.
SEC—
•
on
The
of
166,
Calls Bonds—
1260.
p.
Petersburg, Fla.—Filing With
County
and
On
July 2
171.,000 shares
that
.
The
stock
B.
Law,
letter
a
of
notification
and
Theodore N. Law.
York.—V. 166, p. 1621,
New
was
filed
with
the
SEC
for
($1 part common
stock, to be offered at 56 cents *ach.
being offered for the account of Frances B. Law
Robert
is
,
authorized
stock
common
issued
and
directors.
W.
United
capital stock consists of 3.000,10c), of which 1,200,000 shares
(par
the officers
to
-WARRANTS—William
Such
25,
warrants
1948,
the
public
are
be
to
The
Underwriter,
has
agreed
sion.
with
ager,
be
R.
H.
Johnson
&
Co..
lumber
green
a
States
President,
Division
Kosmos, Wash.—V.
Corp.—Unit Changes Name—
Co.,
United
as
Ottinger,
USP.-Lumber
cuts
Lumber
known
Lawrence
The
at
States Plywood
Seattle. Export
henceforth
•
Long, President,
exercisable
and for five years
underwriter
at
the
rate
of
by the underwriter
months
13
thereafter,
warrant
one-
subsequent
sawmill,
from
167,
P.
wholly
owned
Plywood
announced
of
subsidiary
Corp.,
on
which
L.
J.
will
Lumber'Divi¬
July
7
Walbv
■
is
*-
man-
logs obtained from Kosmos Timber Co.
2795.
'
United States Rubber Co.—Increases Tire
Prices—
to
are to be issued, to
each two shares sold
and
for
this offering/
pursuant to
.
,
-
-
pro¬
company.
Prices of inner
Commercial
trustee
for
Proceeds
THIS OFFERING
'
Authorized
Outstanding
reduce
the
Bank
Co.
will
be
loans,—V.
used
retire
to
167,
has
'
-
issue
bank
Trust
&
issue.
the
of
current
National
•
all
been
were
This
loans
and
to
•
.
460,000 shs.
2693.
Tivoli Brewing Co.—Unit to
reasons
are
raw
also raised by
6%.
materials, transportation and other factors-
for the price
advances.
:
Expand—
.
.
and the United Rubber/Cork, Linoleum and Plastic
Workers, CIO, have signed a contract providing for an
U-cent-an-hour
wage increase, effective June 28, for,35,000employees, and three weeks'
vacation with, pay for employees
having 15 years of service, according
to a joint statement last night
by the company and union.
The agreement will continue in 'effect until
July 1, 1950.
It contains
a
provision permitting reopening of wage negotiations
upon 60 davs'
notice after May 1, 1949.
ft
term
given as
Wage Contract Signed—'
appointed
1050.
p.
tubes
Rising costs of labor,
announced
The
The .company announces an-increase in tire urices. effective July j.
Passenger tires are increased by
approximately 6ft and truck tires
by 5ft. Farm tractor tire prices are increased
by 6 to 7Vzft
depend¬
ing on size.
_
Co.—Private
Financing—The company, it
July 14, has placed privately with Massa¬
chusetts Mutual Life Insurance Co. $1,500,000 10-year
5% second mortgage bonds, due June 1, 1958.
was
TO
1,000,000 shs.
_
cash
,
Thermoid
acquisition of other operations in this field.
(3)
For
working capital and the general business expenses of the
Company.
1;
.
.
five
10,' 1947,
.
United Artists Corp.—Director of
underwriter
share.
For
the
.
Howard
that as additional
consideration for the
agreement
underwriter, he will issue option warrants' for the purchase
400,000 shares of the 1,200,000 shares of common stock- owned by
him for the purchase by the underwriter of such shares At lc per
the
(1)
on
-
transmission
Machine & Tool Co., owned by Preston
Further, that it purchased from Yps'lantl "two
and that said-property was
wholly without
price, plus accrued
time
of
the
agreement.
The
will be used
as
bi-monthly
President,
mortgage
tion
the
of
bis
option
and
acces¬
rear-engine passenger
Ehlenz,
Minneapolis-St.
1967,
Trust
Exchange
*
•
wells.
shares
the
PURPOSE—The main purpose of this issue is to
provide the company
sufficient funds to exercise its option to
purchase the business
J.
financing
automobile
Ypsilanti
company has also, called for redemption
remainder of the outstanding first,
'Field, Harris. County,
Board.
equip the
thereon at
well.
OPTION
Murray in connection with this business.
P.
of
Remainder of Bonds Also Called for
Redemption— ft
with
of
Tucker
■
The
.
by. William v7. Long, President and director,
officer of San Jacinto Trust Co. of Houston
CAPITALIZATION—The
000
have
and good will of said business:
conducting any other business in this
employment by the company.
The
permitted to continue to use the name> of
method
'package lots.'
placed orders for
as
since
located
trust
is
wells
per
test
more
contracts
its
its
said
the
to
known
,
mortgage
the tract at a cost of approximately
pipe and equipping each well will be
approximately $5,000 in the event they are productive.
It is contemplated by the corporation to drill at least five or six
$2,500
year.
through
be
company has called for redemption on
Aug, 1, next, through
operation of the sinking
fund,. $24,000 of' first mortgage 38,£ft
bonds due Feb. 1,
1967; at 103 and accrued interest.'- Pavment will
be made at the Irving Trust
Co., trustee, One Wall St., New.York, N. Y.
the
con¬
finance
to
proposes
its
storage tanks
erect
four offset
from
of
was
tract
for this, the
company is to take title to all equipment now
Murray in this business in California and the Hawaiian
Islands, in
estimated
feet
experience in dealing in oil properties.-
such
unusable."
Union Terminal Co.,
Dallas, Texas—Partial
-
and
dusting and
having
predecessor.
per
stated
under
25-acre
who
operators.
would
new
be
The company is headed
.
person
its
or
that
been
cubic
Texas,
agreement, expiring July 31, 1948, calls for the payment
by the company to P. J. Murray of $75,000 in
cash, and in addition
the company must hire
Murray as active Consultant from May 1, 1948,
to April. 30,
1949, at a salary of $10,000, and in a semi-active
capacity
for
period of five years, thereafter, at a salary of $8,000
In
•
written
a
spraying business
The
the
at
engaged
and
The
was formed
for the purpose of exploring-for oil
development of likely oil prospects and, more particularly, to
well, erect storage tanks and to drill four offset wells on a
a
certain
countries.
at-the start
transmission and
Tucker
clutch,
money have been withdrawn and remain unaccounted for
met
tor
system
corporation
the
equip
Company will
include in this acquisition program only
successfully established
companies whose original personnel will remain at the
company's
service.
Company has also decided to study the possibilities of en¬
gaging in the sale of chemical materials in conjunction with the sale
of
has
project
company
cest
and
seek to
material
1,060.000,000
Transfer
agent, Registrar
Place, Jersey City 2, N. J.
operations and to attempt to integrate them into a
single system
which, it is hoped, will eventually offer its services throughout various
changed
company
in addition
chasses,
in
of
who
Le^ & Go., New York, on June 30 offered 800,000 shares
pf common stock (par 100) at 37J/20 per share. The se¬
curities are offered as a speculation.
existing
areas
capacity, to
Texas
...
result of combined surveys of the
predecessor and the company,
company decided to negotiate for acquisition of some of
proved impractical
points:
by
eliminated
was
the Tucker
1,
a
specific
announced
have
fit only for junk
"
petition further charged that Tucker himself "within the
has withdrawn from said corporation without
justification
Dan
of
subsidiary of United Cities Utilities Co.
a
,
forests,
seeding,
fertilizing
and
allied
operations,. by means of airplanes.
Both the company and the.
pre¬
decessor were founded by Stuait M.
Speiser and Joseph Speiser.
portion
large
a
According to a Chicago press dispatch July 15
preliminary steps for
reopening of the Chicago Tucker factory and manufacture of
of Chicago,
.
control
Sell
what
Will Resume
up
to 60ft
of
indenture and the
balance by the sale of other securities and by earnings from operations.
—V. 167, p. 2693.
1
and
crops
and
$100;000
Bonds Called—
Payment will be made at The Trust Co.
104 So. La Salle St., Chicago, 111.
has
company
to
The
the purpose
insect
these
engine
would
mother.
racing
year
trustee,
struction
Yprk
dissipated
The
the
delivery
1946, to continue the work then being carried
Inc.
(predecessor).
The predecessor
was
or¬
business
agricultural
organized
was
"has
on,-
company."
addition,
new
how
Tucker
to
Tucker's
,
speculation.
a
BUSINESS—Company
June 26,
on
I.
as
offered
are
HISTORY
produced."
went
the
The
Insect
to
any
xemains
•
1950.
authorization
Control, Inc.—Stock Offered—
James T. De Witt Co., Canton, O., in June offered
200,000
shares common stock (par 100) at $1 per share. These
securities
T.
value
1,
the
Aerial
of
and
produce said
kind other than
attempt
car
is using another engine, "manufactured by a
(Aircooled Motors, Inc.)
which company was ac¬
defendant corporation for $1,800,000 although- (it) had
offered
for
sale
for ,$1,000,000."
Tucker,
will
for expansion of the company's facilities in
order to meet the
growing demand for its products," Mr. Harshaw said.—V.
167, p. 2139.
the
in
clutches with the
auto
Tennessee Gas Transmission Co.—Asks FPC Approval
for Additional Facilities—
borrowed
and
"no
"new
as
corporation
the
the
That
$29,915
167, p. 2693.
stock,
common
company
publicly
and
17,777
v
.
of
advertised
war
sell
that
been
there
behind
sories ,in
5,554
Federal
the
That
$53,248
—
deductions
has
auto
"to
but
the petition
that
charged
"undertook
an
used
,
been
7,641
—
.
■
That
$45,605
:
,
offer
1946,"
shares
100
owns
dealership franchise in New Jersey, ft-
a
Tucker
the
in
the
quired by
154,081
—
^This company is
will be used to liquidate the present long-term bank
loan,
to $2,070,000 and to provide for 1948 plant improvements
replacements to cost about $1,000,000.
L
•
■
"The option for an
additional $1,000,000,
if exercised,
would be
Stuart
suit
Syracuse
;
$1,896,698'
153,566
,
hold
the
that
so
Hubant
two
radically
operations—which
corporate
and
-
The
due Sept.
initially
ft
cash
That
The company has called lor redemption on Sept. 1,
next, at 102 and
interest, all of its outstanding first mortgage 6ft gold bonds, series'A,
amounting
■
other
charges
thusiastically
liquida¬
purposes
,
Tennessee Gas Co.—6%
Pennsylvania Co. for Banking and Trusts, Philadelphia
and the Fiddlity-Phila'; delphia Trust Co. with an interest rate of 3%. The loan
:
'
sums
3%%; and $1,000,000 by The
but
arise."
by Edward Hubant, Edward L. Story, and Thomas
York, against the corporation and Preston T.
Mr.
experimental -cur;
-
^ National Bank, Girard Trust Co.
;£
was
its
1947 TO MARCH 31, 1948
Net profit
—V.
provided by Penn Mutual Life Insurance Co.
interest rate of 3V2%; $1,000,000 by Penn Mutual
the
should
not
sufficient money to meet its
expenses."
not available for comment
immediately but a spokes¬
man
for the company said he
"categorically denied'-' all the charges.
"There are over 2,000 dealers
meeting here at the plant now," the
spokesman said, "and the entire situation about the Tucker Corp.'s
production problems is being laid before them.
The dealers are en-
•
000 will be
an
the
.suit
started
of
Total
ft
the
corporate
administrative expenses
for
that
authorized
necessary
Mr. Tucker was
1,543,446
income
Provision
order
of
therefor
current
Payment
for
sold
operating profit-
Other
in
number
need
firm sued in Federal Court at Chicago
appointed for the corporation.
They al¬
which has be m planning a radically new
of financial collapse."
danger
New
and
of
•
B.)
Stetson Co., Philadelphia, Pa.—Private
Placements Approved—The stockholders on
July 12 ap¬
proved a long-term loan of $3,000,000, of which $1,000,an
in
filed
of
The, company,
and
by the board of directors.
expenses
Other
$4,901,086
(John
with
A;
The
the
167, pp. 2299, 2583.
with
"is
was
unusual"
;
1948—4 Mos.—1947
the
and
each,
1,000,000 shares,
"The increase in
dealer's
a
President.
*
time within
any
—
General and
if
$5
par
by
receiver
a
company,
all
class
'
convertible
are
at
Governments
sales
Sterchi Bros. Stores, Inc.—June Sales—
v
mortgage;
the
Tucker,-
presently.
interest
follows:,
as
that
The suit
*
are
with
note
department—$150,000;
television
cn
Cost of goods
sufficient
a
stock
common
and
have
to
14
cars
together
years,
SUMMARY OF EARNINGS. PERIOD JULY 1,
692.
p.
the
$46,000 chattel
a
stock
common
on
July 29 will also consider the sale of the
stock interest in the Central Barge Co.—V. 167, p. 948.
drive-shaft—"has
option of
an
and
of
stock,
.
available
cf
stockholder
automobile,
•
•
division
20,000
have
may
shares
Vinella,
the first public offering.
of
to
in
lo
proceeds
obligations
•
•
10,000
Inc.
authorized
proposal to reclassify
par value,
presently
a
on
without
common
stockholders
leged
Avenue,
10,000
Co.,
the
vote
stock,
of
H/ Truax,, President, states:
shares is believed to be desirable
authorized
July
holding and social security taxes approximating $28,000; (b) for addi¬
tional
working capital for expansion
of sales
of
the
wheel
goods
No. of Shs.
shares
and
of
5%
10-year
convertible
instalments at the rate 'of
$148,000
of common stock
18 months from the date
the
will
29
common
Arthur
company's lOOft
.
payabe
period
a
March
payable
shares
25
each.
The
authorized capital of 500,000
an
of which 250,000
in treasury).
shares
offering
is
income
year
increasing
on
$5
of
1,000,000
other
•
."
July
on
shares
to
Tucker Corp.—Receiver Asked—
square
(par $2),
62,500
corporation
per
into
follows:
as
various
entire
an
15,000
occupies
common
principal,
and
it
participating
10ft
principal underwriter
and
then
jpar
unissued
carriages for national distribution
(including
The
"walk-in"
Outstanding
440,000 shs.
500,000 shs.
the
of
name
authorized,
television
and
addition,
shares
CAPITALIZATION
Common
Doll
Issued
.
Authorized
stockholders
1,000,000
company
CAPITALIZATION—Corporation has
are
J
.
transformers
Jersey City, N. J., which is used for storage.
distinguished in this respect
in that the "walk-in"
type furnishes only lunch-counter service and
does, not have facilities for serving customers In
automobiles, whereas
the "drive-in" type provides service of both kinds.
There are eight
restaurants
the
for
four-story building at
1057
N. J., comprising 50,.000 .square .feet -of
manufacturing space for metal and machine work, transformer and
parts assembly and audio coil winding.
In addition, it occupies 10,000
square feet at 3423 Hudson Boulevard, Jersey City, N. J.,
which is
set'up'for radio and television, coil winding" and precision assembly.
-
restaurants in
operation, of which 15 are owned and operated
the corporation, three, located in Indiana, are owned and operated
by A. H. Belt and Co., Inc. (wholly owned subsidiary), and six are
independently owned, operating under franchise agreements with-the
corporation. These restaurants are of two types, commonly designated
They
step-down
.aids;
corporation occupies
Summit Avenue, Jersey City,
by
"drive-in."
hearing
The,
Shake
and
ignition transformers
department stores in the country.
AND
"walk-in"
for
Radio
(3)
BUSINESS—Company was incorporated in Delaware
Oct. 4, 1947, succeeding an Illinois corporation of same name which,
in
turn, succeeded a partnership.
Presently there are 24 Steak n
as
oil burner
parts—coils, I. F. and R. F., for radio and
television, special parts for television switches, horizontal transformers,
special coils for television and windings for solenoids and relays.
par)' at
Proceeds will go to selling stockholders.
share.
per
HISTORY
v
The
the
types of transformers on special order.
Shake, Inc., Bloomington,; 111.—-Shares Offered
—White & Co., St. Louis, Mo., and associates on
offered 110,000 shares of common stock (500
Truax-Traer Coal Co.—To Change Par, etc.—
...
'
industry; fluorescent ballasts q.nd cold, cathode, transformers
for the
lighting industry; neon transformers for. .the sign, industry:
radio.and television; transformers for the radio, industry; .coils and
(2)
n
Monday, July 19, 1948
heating
average
price on Sept, 10, 1948, as to which stockholders will be advised later,
the company announced.—V, 168, p. 156.
Steak
CHRONICLE
.
(New
for
FINANCIAL
....
Jersey) stock being distributed js a
part of that acquired in 1932 as part payment for certain foreign
properties sold by Standard Oil Co. (Indianal at that time. The value
of
&
The corporation, originally organized to manufacture ignition trans¬
formers, has expanded its products until it presently manufactures the
following:
'
Standard
of
COMMERCIAL
.
company
-
Sun Ray Drug Co.—Partial
1
The
Redemption—
the
recently
next
six
acquired
months
Aztec Brewing
to
modernize
will
Co.
spend $200,000 during
facilities At -it§ brewery
in San
Diego, Calif., it has been announced by Howard H. Colby,
President,
This will include the installation of sealed vats instead- of
open vats in order to incorporate T.ivoli's famous dlosed 'vat brewing
There have been called for
redemption on Aug. 1, next, out of monies
sinking fund. $20,000 of 15-year 3'/a ft debentures at 104 and in¬
in the
terest.
Payment will be made at the office of The-Pennsylvania Co.
for Banking and
Trusts, trustee, 15th and Chestnut Sts., Philadelphia,
Pa.—V. 167, p. 1928. "
:
"
<
.
brewing
The union originally requested a
wage increase of 30 cents an hour.
Negotiations have been in progress since June 3.
,
The company estimated the increase would
cost more than $11,000.*
000 annually.—-V. 168, p. 89.
<
and improvements in water-conditioning facilities." Aztec has
brewing capacity of 300,000 barrels annually."
•
"ft /
acquiring Aztec for $1,075,000, Mr. Colby announced that this
was Tivoli's first step in a nation-wide chain of breweries.
This will
enable Tivoli to sell a uniform grade of beer of the highest" quality in
many markets without charging the consumer a premium due to trans¬
portation costs.
'
•••
ft" •>'
ft,;
ft
'
Chris A. Wasem, former sales, executive for Blatz Brewing Co. and
process
a
,
,
U. S. Rubber Reclaiming Co., Inc., New
York—Deben-
'
,
tures Placed—An issue of
In
Super Electric Products Corp., Jersey City, N. J.—
Notes Offered—Kaye, Real &
Co., New York, on June 18
offered $148,000 series "A"
convertible participating. 5%
notes and 14,800 warrants
(to purchase common stock,
$2 par, at $2.50 per share) in units of 10 warrants
with
if each $100 in principal amount in notes at $100
,
v
Also offered
common
by the
same
bankers
were
Aztec
HISTORY
New Jersey.
AND
unit.
shares
as
was
49,900
Transfer Co.,
organized
Vice-President in
charge
in
15
1938
Ex¬
in
mann
of
^
Transcontinental & Western Air, Inc.—Increases Bor¬
.
,
&
Co.
Rights expired June 22.
were
the
;
.
dated
March
25.
The
notes
are
3b, 1948, to May 31, 1953.—V. 168,
payable
p.
89.
in
installments
3,GOO
shares
without
.
of,common
underwriting.
purposes.—V.
167,
from Sept.
..
ft
.ft
.
subscription by
Ladenbiirg, ThalProceeds wili be
167,
p.
2584,»
The company on July 7 filed
for
.
In May the company increased its 3ft--notes to $9,709,406 by borrow¬
ing $3,363,538 under the credit agreement with the Bankers Trust Co.
con-
Vapor Heating Corp., Chicago—Files With SEC—
•
.
underwriters.
used to complete new plant facilities.—V.
.
"
rowing—
Registrar and
BUSINESS—Corporation
Corp. of America, .is serving
operations.—V. 168, p. 89.
per
stock at $3 per share.
Registrar and Transfer Agent:
change Place, Jersey City, N. J.
stockholders.
,
Brewing
$300,000 4V2% subordiate*
vertible debentures, due June 1, 1962, have been
sold at
par.
The debentures were offered for
,
"
p.
a letter of notification with the SEO
stock, to be offered at $31 per share
Proceeds
476.
-
(Continued
will
ft ft
on
be
.
used
-
page
•;
for
general
corporate
ft",ft
48)
1
Volume 168
Number 4717
THE
COMMERCIAL ft FINANCIAL CHRONICLE
Stock Record
New York Stock Exchange
«»
DAILY RANGE OF PRICES
WEEKLY VOLUME OF TRADING
•
YEARLY RANGE OF SALE PRICES
Rang* for Previous
t per share
66V4 May
10
Jun
»% Dee
43%
Apr
Range since Jan. 1
Highest
Lowest
$ per share
87% Jan.,
110
July
10% Feb
84% Mar 17
tf
9
ACF-Brill
1
Acme Steel Co_
U
23% May 15
18%
Oct
14% Feb
Jan
42
Apr
6
Oct
28% Feb
13
10%
Feb
Dec
38"%
3% Apr
14
14% Feb
26
44
56
75% Mar 19
76"% Nov
Jan
17%
Dec
90%
Nov
5%
48%
Feb
7
37
10%
Deo
164
May
15
May
29% May
Nov
22%
96
Mar
18% Mar 13
Oct
28
Mar
30
Jan
39% Mar
25
Feb
Dee
105% July
42% Oct
91
Jun
99%
14% May
5% May
51
Jan
73
Mar
34% May
7
Deo
•0%
Deo
20% May
65% Deo
Jan
8%
Feb
86
25% Mar
8
Feb
11%
83% Feb
Dec
50%
Mar 18
42
20
121
Mar 11
6%
May 21
52% Jun
196%
Sep
167% Feb
6% Jun
,
4%
21
49% Jun
Feb
43
19
8tp
26%
F«b
16% May
4
20% Jun
Dso
24
Feb
16
Feb
13
22% Jun
3
88
Jan
5
102
104% Jan
Mar
28
Feb
24
48% July
Oct
94% Feb
25
Feb
94
11
46
51
26
33% Feb
118%
Jan
6%
Feb
5
10
Jan
Jun
2
17% July
14% Mar 16
18
July
19
Apr
2
21
Jan
Deo
115%
Jan
65% Mar
3
4% May 15
89% Jan
9
Deo
25%
Feb
6% Mar
1
14% Jun
101%
Feb
55
5
4
Mar
42% Apr
9% Oct
37% Jan
10
59
46
Jun
7% Jan
53
6% Feb
25
101% Mar
13
Oct
88
30%
16
92
Jan
15% Jun
5
Feb
18% Mar 17
Jan
95% Feb
19
Jun
108
6ft
I per share
28%
I per share
Sep
Jan
13%
79% Feb
Feb
101
16
3
Jun
9
32% July
147
July
125
94% Jun
Feb
17
Feb
10
16%
Feb
129%
Feb
117%
81
Feb
Feb
Feb
12 Va Feb
Oct
164% Apr
16%
Feb
10
12%
Feb
16% Feb
11
9
139
Mar
158
Jan
31/' Mar 19
131
Apr 27
37
Mar 10
May 10
120% Aug
8% Deo
116% Mar
Feb
80%
147% Marl?
54% Mar 29
7
10%
Jan
6
Jan 21
Feb 17
69% Apr
62% Jan
42
30% Feb 11
Mar
Dee
30
Jan
46H Jan
141I- Apr
16
98%Itb
48% Mar
6% Feb
footnotes
see
4% Mar
Oct
page
10
4
3
18% Feb 11
8
Marl?
Jan
39%
Feb
16
28% Mar 19
58% July
24% Dec
For
11
36% Mar 17
111% Mar
Jun
Feb
6
76% Mar 16
101% Not
Apr
15
95
39%
3%
Apr
46% Feb 14
28% Feb
24.
2
14
cum
24%
158%
iun
68% Jan
;
120
Jun
8% Apr 22
56% July 14
104
Jun
5
11
60% Jun
14
36% Jun 16
R14R Apr 20
6% May 26
34% Jun
3
38%
*101%
21
20%
20%
91%
91 'A
*90
37%
38%
? 38
38%
37
101
101%
*100
39
40 %
36%
16
3%
3%
3%
3%
3%
74%
75%
751/8
76%
75%
75%
13%
13%
13%
13%
13%
13%
6%
*6
6%
6%
6%
3%
75
76
12%
13
6'/a
76
12
6%
12%
4,400
65%
*651/2
66
66
66
65
65
64%
65
40%
*39%
40%
39%
39%
39%
40%
39%
39%
6Va
6%
6%
6%
6%
6
6'/a
6
6
48'/a
*46
47%
*46
47
*46
X24 %
7%
49
*46
25%
49
24%
7%
*46
24%
7%
7%
24%
24%
*7%
95
*85
95
*85
95
*14%
15
*14%
14%
*14%
14%
18
18
24
24
*108
*18 %
109
Va
18%
24
24%
*103
109
Meaiay
Tuesday
July 12
18%
23%
SALE
24 v.
109
14%
18
23%
108
tper share
II Va
18
17%
18
17%
17%
17%
92%
92%
*92%
93
92%
92%
*92%
8%
8%
*8'A
8%
8%
8'A
7%
34%
34-/8
34%
34%
34%
34-?a
34%
*134
11 Va
7%
137
*7%
18
24%
108
S per share
STOCK
137
14%
Thursday
July 15
EXCHANGE
*134
24%
7%
95
24%
7%
*82
14%
*17%
22%
108
18
23%
*134
137
*134
■ales fee
the Week
tperehare
17%
17%
17%
93
92%
7%
*77/a
8%
34%
32%
137
*134
34
Smelt
170
300
2,200
137
'
*7%
8%
8%
*7%
8%
34%
33%
33%
*31%
33 Va
300
11
10%
11
10
10 %
16,200
11
10%
*91 Va
93
*91%
*8
93
90%
91%
89%
90
82%
82%
82
82%
82
82
80
81
16'A
16%
16Va
16%
15%
16%
15%
15%
*168%
170%
168%
168 %
171
171
170%
171
100
600
1,500
41,400
290
10%
10%
10%
10%
10%
10%
10'A
10%
10 %
10%
267/a
27 %
27'A
7,100
27%
27%
27%
27
27%
26
26
41
42
*41 »/a
2,900
42%
65%
150
32%
25
No par
100
*19%
40
130
65%
64%
150
150
34%
135
*34%
*133
33
25
24%
20
*19%
40
130
18%
18%
*18%
106
154'A
155 Va
154V4
71
119 %
71%
com
1
25
preferred
24%
*24%
20
19%
7%
105%
8%
*61 Va
107
7%
54%
19
154%
59%
140
109
71%
24 Va
4,400
360
34%
135
34
*132
'32%
31%
24%
23
34%
32
24
19%
19%
19%
19%
39%
39%
38%
39
131%
131%
131%
18%
18%
18%
154%
154%
*131
59
7%
55%
70%
-139
71
120
7%
55
102'/a
*111
8%
8%
*61 Va
153%
58 Va
59%
140
x68%
X119
7%
7%
56%
54%
*102
102%
114
112%
8%
8
154%
59
*128
119
7%
56%
400
300
700
153%
154%
26,800
68
119
103
1,600
1,600
18%
139
69%
131
4,066
18%
57%
139
1,300
135
19%
*119%
110
x8%
24%
32%
220
62
149
40
*39%
139
IO2V2
8%
34%
*133
32%
40 Va
60%
148%
18%
130 Va
120
*101
34'A
135
40%
64%
7%
53
587/a
140
68%
119
8,000
670
6,100
350
7%
1,300
55 %
25,700
102
112%
102
*106
108
900
8
8,800
8'/a
7%
300
64%
•61%
64'/a
64 Va
*61'/a
38%
39%
33%
39'/a
38'A
38%
38
38%
37%
41 Va
40
40%
40
40%
40
40
39%
40
29
29
1,450
29
29%
104%
29%
29%
29V2
30%
*29 Va
30
1,300
19
5
..
32%
*
7%
34
*133
41
150%
40'A
90
Ine
34%
62%
150
50
Co—__21%
Mining
120
41
64%
151%
No par
No par
Corp
70%
?
119%
42
63%
32%
40%
130%
*41
150%
135
32%
40%
65 %
150
_8
8
Cable
Co
3,600
*33%
16%
Anchor Hock Glass Corp com—12.58
W Products
tharee
92%
83 %
54%
Archer-Daniels-Mldland
200
Friday
16%
102%
As
300
6,900
July 16
827/a
53
Oil
400
108
*91%
*101
Anderson-Prlchard
900
14%
8'A
10%
172%
10,300
7%
92
No par
*171
900
34%
*33
93
1,200
3,000
PRICES
July 14
I per share
24%
7%
*85
Wednesday
July 13
I per share
*18
*108
24%
7%
*85
11
Co Ino
Anderson, Clayton
1,900
3,300
6Va
CLOSED
1,700
9,100
77
65
P per ehare
1,800
3%
40 Va
1
1QO
&
1,000
4,400
17
common..No par
Wire
8,900
49
3%
34
Tobacco.
Ss
500
101 %
40%
3%
77/a
preferred
Zinc Lead
700
1,000
4
37%
101%
x39
3%
59Va
Woolen
130
91
15%
139%
Copper
20%
*'90
17
60%
P
21
17»/2
..100
Sumatra
3,200
471/2
171/4
16'/e
139%
A
17
17%
59%
Andes
47%
17%
16
139%
84
40 %
6 Va
25
,
43
*17%
1017/a
38%
103
40
*47
.18
*17%
500
24%
110
16%
No par
Anaconda
Jan
49
94
*103%
8
May 19
41V4 May 27
Jun
49
24%
110
-No par
451/4 Jun
38%
49
24%
*108%
18
_No par
$5 prior conv preferred
Anaconda Copper Mining
107
24%
110
16%
preferred/
.......106
$4 conv prior preference
No par
2
24%
*1081%
18
337/s
preferred
Amer
3,800
94
18
7%
67
590
451/2
93%
16%
1
Co_._'
Am Water Works
112% July 15
8% Jun 24
170 »/4
44%
*90
34
American
169%
911/4
*133
2
2,500
95
21
No par
Stores
5%
9,000
16%
109
common.
Stove
300
5%
84%
46
21%
25
10
171%
109
5'/a
95
2U.
6% preferred
100
American Viscose Corp common—14
9
9
170%
5,100
8374
18
No par
American Tel Sc Tel Co
American Tobacco common
5
Mar
71% July
144
*107
5%
86
6'A
109
Snuff
2,800
41
45
LOW AND HIGH
American Sugar Refg common
10
40 Va
16%
Saturday
July 10
com
110
13%
No par
No par
San'y
5,700
69
18%
As Refg common—Nopal
preferred
100
American
28%
12%
6%
Smelt
7%
28
*68
16 Va
106
American
5
2,200
*17%
100
preferred
American
May 21
19,900
46
24%
49
,
900
81/4
601/4
95%
17%
38%
109'A
5%
172
*171/4
40%
50%
8
60%
95%
108V2
*107
103
50
1,900
45%
21%
38 Va
1,000
115%
95
17%
38%
42
84%
491/4
No par
com
109»/4
5%
86
%
102
1
preferred
Light
109 %
5%
86
17 Va
6% hon-cum preferred
100
American Steel Foundrles_.No par
20% May 25
Oct
11
25
110%
46%
*94%
108 %
14
41%
171
173
46
98
41%
5%
86%
172
46%
29%
69
13 %
109%
110
5%
86
171
28%
*68
5%
•
47%
8%
6IV2
40%
*9C0?
Ship Building Co_....Nopar
7%
Apr 22
24 V2 Jan
41
Jan 21
18
Feb
Dm
49
41%
*109%
6
86%
51%
8'A
60%
5%
*44%
*
40%
110
116%
5IV4
8%
30%
5%
49
114%
51 1/4
8'A
'
50
preferred
American
131 % July 15
Feb
Not
30
140
116% Mar 15
110%
H%
Dae
13
103%
99
9%
11
35% May 18
18
132
"
Am
May 27
163% Jun
34% Feb
Dec
Feb
:
68
•.
47%
82%
•
1ft
9
163% July
60
.Deo
:
118
51%
5%
*45
1
preferred
preferred
$5
26
•t
Apr
138 /
Dec
41% May
May
10% May
118
*21 Va
*
10
Products
Amer
Jan
;
69
51
5%
49
40o
common
Amer Rad Sc St
Apr 12
35% Jun
Feb
96% Jan
•0
May
50%
30
5%
*461/4
No par
preferred
American Safety Razor
American Seating Co
27
174%
68% Jun
i% May
118
40%
170 %
10
com
preferred
$6
9
22% Mar 12
149% Jan
7% Deo
*116%
50%
30
5%
49
5%
preferred series A_100
Co
20
Amer Power Se
217
25% Feb 27
r:
Oct
Jan
Feb
Oct
>116%
9%
5%
*46 %
118
85 %
No pat
American Molasses Co
American News Co
24
28% July
29% Jan
10
.
2,700
*50
Distilling
46
11
July
40
146%
i.
preferred
27% July 14
11
172
6%
2
12% Jan
6
46% Feb
Deo
176
14
Deo
3.90%
95% May 14
86% May 14
16% May 21
13
38% Feb
Oct
70%
Mar
116
May
19% Oot
;
30%
*109%
Amer Machine Ss Metals——No
par
American Metals Co Ltd com.No par
8
11% Jun
72% Feb 21
17
188
42%
8% Jan
34 % July
6% Feb 28
15% May
13% Jun
!,■
31%
100
Amer Mach Ss Fdy Co com
10
IOV2 May 27
34% July 7
135 y2 July
6
Mar 23
7
Jun
30%
1
Par
21% May 24
29
May
3
5%
49
39%
EXCHANGE
5
Feb
91
29%
1
NEW YORK STOCK
9
Feb
$4
29 Vn
25
I per share
6% Feb 11
24% Mar 9
Mar
138% Deo
(
1,300
STOCKS
8% Aug
f
11,300
94%
100
Cable Inc
non-cum
\ Lowest
39%
.-31.
37
94%
No par
common
conv
conv
Range shtee Jan. 1
Highest
Highest
11% May
14
Jun
48% May
149.
Deo
I
36
95 Va
118
American International Corp_No par
American Investment Co of 111
1
American Locomotive common
1
1ft preferred
100
24
26% Jun
27
conv
American Ice
14
14%
Deo
100
37%
95
5%
Radio Corp
American Home
13
11
Deo
1T0
[.
V
89
37
95%
24%
6ft
8% May 21
Apr
18% May
T
Deo
Me Dee
*84
38%
*94%
108%
5
13% Jan
Nov
115
Jan
10% Feb
Year 1947
11% May
87%
37%
95 %
100
5%
Bangs fer Previous
76
87%
36'%
95%
*47%
American Hide Si Leather com
26% May 20
11
Dee
90
37%
95%
1
$6 preferred
•_!—No par
American Hawaiian SS Co
10
5
25
20% Feb
14%
12
43% May 17
Jun
x34%. Jan
10% Jan
88
*87%
39
50
Amer & Foreign Power com—No par
$7 preferred
No par
$7 2nd preferred A
No par
24
77% Jan
20
5% Feb
•6
i
89
—_
29
No pa?
American Encaustic Tiling
American European Secur
American Export Lines Inc
15
8%
*85
19%
95 %
46%
3%%
6
15% Jun
11% July
•
May
•
89%
*19
38%
*94%
American
7% May 20
20% July
i% Feb
Deo
*87
100
3
Deo
127
9,900
4%% prior preferred—.—1001
American Cyanamid Co com.,,—10
49% May 21
Deo
x25% May
2,200
35%
;
41% May 26
107% Jun
Jun
Dec
29
33%
com
com
American Chicle Co
American Colortype Co
American Crystal Sugar
16
8
Deo
28%
36
No par
,
May 18
13
7%
29%
35
No par
108% July 12
If
80
29%
Amer Chain &
15
18%
i
19%
preferred
American Car & Fdry com
7%
preferred
May 21
1,100
1,800
35%
7%
21
27'
&
*19Va
...
10 Va
191
29%
preferred
American Can
3
100'/a Jan
conv
Amer Cable
24
19%
100
10
35%
14
92% May 14
177
Jun 14
190%
*93%
29%
68
6
100
*19'A
29%
26
500
35%
13%
11
3,600
29%
68
3% Feb
400
31
35%
29%
76% Feb
74
108
29%
191%
28,200
6,300
29%
14
103"% Feb
*73
*106
*93%
10%
10%
>.
3%
52%
35%
69
Feb
80%
3%
51%
3,100
•
29%
29%
Mar
7%
99
31%
3,400
19
29 Va
13%
110% Nov
73%
108
107%
20
3%
35%
29%
Co
*79
4
53%
300
No par
preferred
Shoe
80 Va
52
5,300
1
110
*18%
*79
2,400
k
No par
69
Amer Brake
19%
19b
10%
192
13%
Aug
Jun
*19%
20
100
10%
191
70
56
18 V*
192%
19
31
29%
110
f per share
*93'/a
10%
192
20
*19%
100
*10%
192
22%
*107
3%
73%
32
107%
12%
May 19
14% May 14
43% May 15
111
Jun
3
Oct
Lowest
*93%
10%
31%
107%
21
21'A
*44'/a ■46 Va
3%
3%
74
*72%
32
109
110
3%
4
54%
70
70
47%
Dee
5
73'A
31%
*107
100
10%
192
3%
54%
50
9
5
11% May
*93 %
1
No par
80%
♦79
Va
55%
73 V4
32%
108%
19%
6ft preferred
American Bosch Corp class A
58% Feb
8
101
73
32 Va
gtd.100
4
19%
29%
29% July 13
Mar
Apr
73
80%
4
54%
23%
*108
3%
10
9
18% Mar
•% May
11
May
4'/a
24'/a
112
3%
19%
*79
54%
108%
___No par
convertible
19%
60%
37/a
54
Amerada Petroleum Corp
No par
Amer Agricultural Chemlcal_No
par
9
18% Mar
91
Jan
1
common
23%
*108
4
61
37% Mar 16
49
20
*79
24 Va
112
3%
61
Feb
Dee
•19%
5
24
*108
4
8%
Feb
July
10,500
24%
108
37/a
60%
Jan
5% May
23%
24
108
10
8%
84%
74%
6,100
60%
115%
28%
37
14%
8%
May
7%
14
607/a
May
85
15
8%
Jan
1% May
14%
23%
*60 %
36
Dee
4,500
14%
1
94
25% May
39%
100
9% Mar 17
101%
39 Va
3%% cum conv preferred
American Bank Note common
x35% Mar 19
Deo
39%
American Airlines common
Feb
38%
39%
15
Mar 22
Feb
Dec
39%
'
Mar 22
Jan
88
39%
15
10
17%
20% May
105% July
39%
14%
68
50
Deo
39 Va
15'/a
8
77%
Deo
40
13
31
3% May
46
7% Jan
May
75%
21%
51% Jan
May
166
53%
21%
45 %
53%
Apr
9
D«o
2
52%
53
21%
45%
53
Mar
80
36
107%
Jan
52%
3,200
21%
.100
Alpha Portland Cement
Amalgamated Leather Co
6% May 17
50
1,200
5%
x45l/a
preferred
100
Allls-Chalmers Mfg common__No par
3%% cum conv preferred
100
3
5 Va
53%
4%
31% July 15
Mar 16
46
Dec
107
5
Apr
Jun
'v
46%
100
Allied Mills Co Inc
Allied Stores Corp common
98
•
21%
Allied Kid Co
42% May 27
25
5M*.
21 Va
common
34% May 20
37% May 15
91
Jun
3
8
11
5%
53
No par
Allegheny Ss West Ry 6%
Allen Industries Inc
Allied Chemical & Dye
14
5%
Mhar*$
74%
95
*88
■
*45%
1
$4.50 preferred
May 17
o'/a
73%
74 Va
95
;;
21%
:
21% Jan 30
81
Mar 24
33% Feb 11
Oct
31
46
198
5%
74%
*88
the Week
1 per si.are
46%
.
Apr 23
11% Jun
3
75%
95
$ per share
Salee far
21 Mi
5%% preferred A
100
$2.50 prior conv preferred-No par
Allegheny Ludlum Steel Corp_No par
May 21
May 24
109
90
30Mi May
34
7
*171
Feb
36%
Jun
75%
*88
Friday
July IG
Tbnrsiay
./> July 15
*45 %
preferred
Allegheny Corp
May 13
90
Mar 2
8% Feb 11
12% Nov
202
75
Ino
4Ytft
55% July 13
24% Feb 28
107
Apr
Aldens
2
1 per share
95
5%
PRICES
1
Alabama Ss Vlcksburg Ry
Alaska Juneau Gold Mining
4% May 15
10
70% Jan
Feb
104
80% Jun
2% Mar 15
Feb
Feb
54 Va
SALE
Wednesday
July 14
76
*88
5%
53%
Tuesday
July 13
No par
Adams Express
Adams-Millls Corp
21% May 21
76%
5%
14%
Feb
2% May
25% May
CLOSED
10
,
95
39
Jan
,102% Aug
*90
Addressograph-Multigraph Corp—10
6%
Dec
EXCHANGE
Admiral Corp
Air Reduction Inc
31%
.
75%
15
Dec
75
76%
'M STOCK
15% Jun
Deo
Feb
t per share
14
3%
112
2.50
f per share
27
16%
Not
Co
l9*r iMri
Juri
40
277/a May 15
108
May 18
4% May 20
100
Motors
HIGH
Monday
July 12
46 % Jan
7% Feb 10
22% Feb 20
101 ; Mar 11
Feb
No par
com
Abraham As Straus——JNo par
6% Jan
40%
25%
Abbott Laboratories
55% Jun
55
May
79% Jan
2
100.
May 14
AND
July 10
Par
11
13Va May
6
■a taring
^
45% Feb
38
May
30% May
y
.
LOW
STOCK
EXCHANGE
t per share
4% Feb 11
Oct
V
Feb
80
NEW YORK
Highest
$ per share
60
FOR EVERY LISTED ISSUE
STOCKS
Year 1947
Lowest
(257):
par
*103
104%
*103
103
64 Va
*61 Va
104
*103
104%
103
X55
56'A
57%
*57%
58%
*57%
58%
58%
58%
32%
33 Va
32 Va
32%
31%
32 Va
30%
31%
*11
5%
*31
12
*11
-
5%
5%
32V4
31%
12
*11
5%
5%
1
*31%
32
12
i
5%
32
I
*11
5
32
103
57%
Va
29%
30%
*10%
12
5Va
R* 31%
64 Va
38
15,600
30
1,200
14,500
11%
*5%
5%
1? 700
31%
31 Va
300
13
U
COMMERaAL
THE
(258)
NEW
Range for Previous
t per share
37%
99
103
FCb
38 %
Jun
55
Dec
110
17
91% Feb
Feb
16
41% Feb
"~14
"Sep
19
Jan
10 % May
17%
Feb
13 Va
20%
Feb
Dec
9
11
99% Jun
14
preferred
conv
Co
&
10
com
of
-100
Illinois
$6 conv prior preferred
Cork Co cora___j.No
preferred—,.
—No
Armstrong
♦3.75
17% July 15
May 27
Associated
May 10
6%
1st
106
July
7%
2d
♦4
2
Dec
132%
Feb
99
Dec
134
Feb
94
Mar 12
25
Dec
34
Sep
26
Jan
5
66
May
99
Jan
84
Feb
11
x98
Dec
112
Feb
96
Mar
3
107% Jun
3
Feb
14% Feb
11
19% Jun
24
Feb
45
Feb
24
62
Feb
25% Jan
0
47% Mar
1
Jan
22
78 % Mar
5
Feb
35
Jun
9
11
*102
100
100%
13%
1'3
103
56
.56.%
'
16%
♦16%
16%
*16
16%
l
*104
106
103
17%
105 %
106
104
104
103
550
410
16%
*16%
16%
16%
5,000
17%
16%
17%
18%
4,809
190
104
104
104
104
*102
104
31%
31%
114%
117%
115
103%
103
32%
31%
s.
30
31%
*
31%
112%
32
117%
2.400
115%
14,500
102 '/a
103%
1,109
17%
3,500
60
3,700
-
103%
103%
103
18%
18%
18%
18%
18
18%,
17%
18
60%
61'
60%
61%
61
62
60
61%
33%
preferred—100
i
«
10
4,500
54%
97%
106
115
*31%
600
113%
*104
114 %
32%
18,600
*97
16%
17%
17%
105 %
160
13 %
113
97%
17
17
17%
106%
♦104
115
Inc-—
17
17%
106%
107
17,600
100
53'%
55%
Shares'
102
102
114
*16%
30%
12%
103
55%
114
16%
♦16%
99'%
HVa
97%
98
115
the Week
29%
100
*101 %
vu
Salee fat
t per share
31%
i
55%
♦114
17%.
17
17 %
'17%
17%
106
103
♦97%
115%
31%
non-cum
97
115%
100
.
13%.
55
56%
97
100%
103%
115%
114%
F
103
56
97% v 97%'
19
5 %
T
103
70%
31%
♦100
13
113%
100
100
;
100%
<
13%
No par
common
30%
31%
'13%
100%
CLOSED
30%
Friday
♦ per share
9 per sharm
'
July Hi
Thursday
July 15
July i4
I per share
31%
Topeka & Santa Fe com—100
Atch
A
EXCHANGE
par
Associates Investment
117% July IS
30%
par
preferred
,
V
No par
5
cum
Dry Goods
preferred
STOCK
•
PRICES
Wednesday
July iri
....
9 per short
9 per share
i
Tuesday
ituiy
No par
19
»
12 % Mar 16
5
com
111
18% Jun-
99
18%
Corp
16
5
100
10% May
^
preferred convArnold
Constable
Corp—
Artloom Carpet Co Inc
12% Mar 12
,
Jan
115 % July 12
2
Feb
14
4%%
Armour
56% Jun
29
Jan
25
106
10
88
104% Mar
Steel
15 % May 19
101% Jun
LOW AND HIGH SALE
iJulylO
:'
#
Armco
32% May 21
•11% Mar 16
Jan
91%
Feb
iv-
Monday
"
"
STOCK
YORK
EXCHANGE
9 per share'
11
90
NEW
Highest
25% Feb
15% Oct
130% Jan
Dec
Range since Jam 1
9 per share
Feb
109%
May
9% May
-
Lowest
fper share
24% May
*■
-
Highest
Monday, July 19, 194#
RECORD
•atcrday
v'
'
Year 1947
Lowest
CHRONICLE
STOCK
YORK
STOCKS
.
&
35
30%
36%
37%
37%
38
39
*37
68
68
68
*67
48%
46%
47%
44%
46%
112%
109 %
110'/a
103%
17
1
59
40% May
C 23 ya
34%
Jun
62
Jan
77
21
Sep
102
Feb
9
114
Aug
20% July
91
Feb ' 9
99
20
Feb
July
52
July 15
July
27%. Jan
104
Mar 30
105
57
73
Apr
Dec
111%
121
22% Mar
12%. Feb*
5% May
13i?.
Dec
18%
Feb
20% Feb
13
Jan
Dec
29%, Jan
12
27%
15 '/a Apr
23
4% Feb
26
4.%. May
,
Jan
7%
36%
Deo
13 &
Dee
16
13%
Deo
7% May
Feb
49
Feb
4%
Atlas
Autocar
Automatic
8
May
13 % Feb
11
16% Jun
3V
Feb
12% Feb
27
17% Jun
3
16%
Feb
10
•
69
Feb
55%
42%,; Dec
181 May
Jun
2
Jan
28% July
Co__
Mar 16
15% Feb 11
13% Feb
10
31 % Jun
Feb
11
Baldwin
60
4%
22
&
Oil
28% Jun- 14
9-
Barker
Brothers
Jan
37
Mar 24
45
31
Feb
44% May
7
16% Mar 31
Barnsdall
Feb
23% Jan
Bayuk
ID
9% Feb
24
18
Jun
35%
Deo
62.,
j
Jan
31
Feb
13
83%
Dec
110%
Jan
85
Feb
2
17%
Dec
20% Aug
96%
Dec
108% Feb
Jan
,
12% May
18% Jan
10% May
16% May
M
95,,
18% May
4-'
86
July
11
15% Feb
11
Feb
26
8
Beaunit
9
Beck
Jan
Foods
24%
19%
133 %
(A
Beech
Aircraft
8
Beech
Creek
5
Beech-Nut
-Jan
7
6%
7
7
7%
15
*14 V4,
15
6%-
14%
14%
*14%-
12%
12%
12%
12%
12%
12%.
12%
15%
15%
♦15%
15%.
15%
15%-
15%
6%
6%
6VB
6 %.
44%
44%
*42'%
44%,
6%
6%
44
14%
44
14%
6%
15%
300
12'%
12
3,400
15%
6'/a
700
6%
♦15%
6%
*42
19,200
*41%
44
130
3,100
7%
*14'
12%
15%
SOO
42
15%
16%
16'%
16%
16%
153i
16
16
16%
15%
16
15%
16
15%
15%
14%
15 V\
8,100
16%
16%
16'%
167%
16'%
16%
15%
163i
15%
16%
57,500
-100
27%
28 'a
29%
27%
28%
31,500
27
Bell
Beir&
Aircraft
pfd
Beneficial Indus
Jan
23% Feb
14
30% May 24
Best
&
Oct
Feb
17
37% May 27
Best
38
Eethlehem
125
Mar 16.
Jun
14
Apr 28 V
9% Jun 16
-
26 3
4
1,300
170
43%
43%
44%
45
43
42%
42%
41 »/♦
42%
5,.)00
11%
11
11
10%
11%
2,000
20
20
1,900
36%
36%
"19%
20
*1.9 3
20
19%
20%
20
20%
4
3fi%
36 •%
36%
36%
87
87
87
*86
88
20%
20%
20%
20
20
20
20
19%
19 %
88'/a
88'/a
90%
90%
90%
90%
*91
93
91
91
190
5,500
*86
30
87
1,700
12%
12%
13
13%
12%.
13
34
*32%
34
33%
33 %
34
33
33
36
36
35%
35%
36%
37
36
36%
38%
36'/a
1,00 J
19
19
18%
18%
19%
19'/a
18%
19
18%
19%
1,300
16%
1,900
16 %
16%
16%
1
12%
12'/4
12%
*32%
16'/a
16%
12%
*33
16%
16%
17
10
21%
21 %
21%
21
103%
♦101%
103%
*101 '/a
103%
: *ioi
103
—8
35%
36%
35%
35%
3u '/e
ju,li
18 %
21
*101%
35%
16%
16%.
26%
26'/o
26'%
25%
26%
82%
*80%
82%
*bUv2
«2,%
28%
*28%
28%
23%
28%
16'%
29
2«'%
36
36%
35'%
37
37%
36%
139
!
16%
500
20%
34%
11,000
1&
3,100
26
13%
25%
*78
2,400
82%
28%
28%
1,600
353,4
v
37%
'
139'%
36%
35%
36%
34%
35%
5,300
3b %
-36
*139
130
16%
16%
30
103
33'
,26
28%
1
34%
20 Va
*101
*8C %
16%
*80%
com.Nopar
*21
82%
26
—10
21%
*21
26%
16%
35% o
1
(Del)
600
37
87
*36%
36%
:
100
com
100
20%
of 1946_No par
.'
:
__1
Co
45
£7
36%
*86
7%
preferred
j_
_1QQ
Bigelow-Sanford Carpet—No par
Birmingham Electric Co—
Ne par
37% May 15't
14% Jan 14/
26%
45
__
ser
Steel
26 Va
42%
:
Loan
pfd $3.2$
26%
11
'
Cum
139% July 14
31
*43%
1,800
26%
*43%
Foods
27
25
45.
48%
11%
..
Bendix Home Appliances.
26% July 9
87% Mar lo
26%
48
42%
common
2
21% Jan
18
27'%
49%
11%
-100
:
Aviation—
20
*26%
4,800
49'/a
42%
1
Bendix
28
50%
11%
—10
,_1
9
Jun
50'%
28
76
43 Ve
_28
Co
Co
78
49%
?7%
76
11%
No par
preferred
15% Jun
49'%
29%
77
28%
♦76
42%
—100
.2.50
Corp
Howell
77%
2,200
*43%
common
15
4%%
29%
77'/a,
27%
"
29%
29%
77%
16'%
1—3
pfd
38% Jun
11
—10
28%
30
77%
50
50
28%
29%.
76
.
27'%
30
76
50
19% Mar 22
27%
30
50
16'%
16
—1
4%%
24;% Jan>
2'
1
103% Jun
23 % Jan
Jan
7%
6%,
25
100
Belding-Heminway
Feb
Jan
109%
*22
,_5e
Corp
Jan
18%
52%
*108
25
7
RR
Nov
150
52
109
*22
53%-.
109%
-1J
Packing
32%
Deo
53
109
25
*22
50
S)
35%
Deo
~13%
u
'it
25
53 %•
No par
Mills,. Inc
Shoe
28%
Apr
53
iio
*22
!—
Co
25%
Dec
1,490
52
110
53
53
110
25
Corp
conv
103%
Dec
840
3,909
112
common
20% May 21
18 % Mar 18
Sep
94%
22%
of Amer—5
Cigars Inc
3%%"'cum
30% Feb
17%
77%
2
(Delaware)
Works
15% Apr -16
'
93 % Mar 16
2iy8 May
941
21%
Works
Oil "Co
34% Apr
16
24 %. Jan
May
94%
22%
preferred
37
3
14'/a Feb
2
Corp
Iron
Bath
Beatrice
100
2
Feb
32% Feb
4% 9s
15
22% May
1
8 % Jan
30
Jun
43% May 15
90
Jan
8
16% Mar 10
106% Aug
39% Feb
Dec
28
Feb
94
22
*22
preferred
Barber
Dec
39% Mar
18% Oct
94
22%
common
Ohio
May 14
59
19%
12
93%
22%
& Aroosiouc common—50
5%
preferred—
100
Conv.
54%
40
94
22%
T). Ino—
non-cum
Bangor
80% May 12
x42% Mar 15.
20% Apr
Locomotive
Baltimore
16% July 13
29% July 14
39%
Jun
760
94
22%
B
Dec
Dec
Co
(B
Dec
5% May
30,200
94
*110
:
>
Canteen
Babbitt
Apr
29
100
68
22%
Mfg Corp (The) common—3
conv preferred—
No par
8T/a
30 y4
ll'l
1,300
38%
"
22%
52%
$8.20
20%
24% NOY
1-13
112
59%
93 %
No'par
prior pfd ($1.20)
45%
ff
112
-100
common..
»•*>
.
25%. Feb
16% Feb
Jan
Avco
7% May .17
24%
11% May
9% May
Conv
16% May 21
19
Jan 10
19% Jan
112%
114
47%.
No-par
Corp
Nichols1
49%
48%
50%
113'.
No par
common
preferred
conv
49%
*67
68
*67
68
-100
series B
——
Taek
Austin
*67
.
—5
$3.75
COrp
Atlas Powder
9
20
46
No par
common!,—,__25
preferred series A—109
conv
Atlas
Jan
35% Jan 22
,
60
26
RR
Refining
Preferred
8
9% May 21
May 28
Dec
4%
24 % Jan
5% Mar 12
17%
May 22
Jun
114
25
15%
Atlantic
50% July 12
11
Line
Coast
Atl Q & W I S3 Lines commtn*—1
5%
non-cum
preferred——100
25% May 21
64% Apr 16
Deo
91-.'
i
Feb
113%
21% May
Atlantic
July 14
30
Nov
.
68
Dec
40
31Apr
105
Mar
37
36%
■37%.
35%
36%
37,000
*138%
139%
33 Va
337 a
1,300
lO'/a
10%
1,500
139'%
va
139
139'%
139
400
,
34%
34%
34%
10%
10%
34%
-s
34
10»/a
34
10%
'
34%
10%
34
10%
10'%
11%
..
IS
*rI".
Range for Previous
Year 1947
r
Lowest
9 per share
Range
I per share
25"' May
36
NEW
Highest
8 per share
36 % July 15
X13
Feb
11
19% May, 18
34% May 27
17% May 15
Feb
Nor
18%
Deo
22% Mar 18
15
Feb
11
41% July
24% Oct
32% Mar 13
21% Feb
44% July.
29% Apr
59
Feb
29
Dec
116
Jan
77% Mar 10
Deo
67
Jan
41% Mar
2
51
35%
Feb
20% Mar
4
27% May'15
45%
Jan
May
38% May
;
38
Feb
24
51
Oct
42% Feb
11
102
Sep
88
Jan
2
37% May
88%
*
Deo
44% Jun
6%
Feb
39%
Feb
May
7
Dec
13%
Fob
81
Dee
96
Jan
18%
Feb
9% Mar 16
40%
Feb
x27% Mar 17
31%
Feb
63
Jan
9% Dec
30 ! May
23% May
30% Nov
90
Dec
.
15%
Dec
25%
95
109% Apr
Jan
27
Apr
90% Feb
13
Feb !
17% Feb
14
20% Nor
Jan
125
I
69
Dec
102%
Dec
14% May
14
May
80
:•
80
;
97
Jun
100
Jun
3
88
Jan
Mar
Jan
Oct
Dec
24%
Feb
108%
Jan
Dec
:
6
<
Dec
Feb
22%< Oct
104
Jan
2-7% Oct
May
14
Mar 31
79% Feb
26
77'
Apr
13
12% Feb
13
,
89
27/a Mar 17
16-
15
23% Feb
.
j
-
Jan
j,
11
105
July
Co
80
43%
*41'/a
42%
41'/a
41%
240
25%
24%
25'%
24%
24%
25%
24
24%
12,200
43%
44
42%
43%
2,700
63%
65
43%
Co
iVx%
3%%
conv
5.500
5%
5'%
5'/a
5%
4%
5%
3,000
*38%
40%
*38'/a
9
8%
9%
9'%
*50
54'%
8'/a
10%
lO'/a
33%
34%
34'%
34%
34
34%
33%
33%
33
33
33'%
33'%
31%
32
32
32
99
*97
99
19%
19%
19%
27%
common—j_10
19%
27%
*28
96
X96
96
21
♦20%
20%
20%
29
600
29
97
20'/a
160
800
21%
20%
123%
*123%
10%
10 7%
10
%
10%
10%
10%
73%
74%
71 %
73%
71
71
11
73%
75
73%
74%
38
*37%
■
1,700
20%
*95
21'%
10%
,
b'
20%
20
21%
5,200
20
125
*123%
125
*36%
530
400
3 7'/a
*84
16,600
86
38
3»%
87'%
85
85
86
R6
18%
19...
18'%
18%
18%
18%
18%
18%
17%
17%
2,000
43
43'%
43
43
42%
42%
41%
42%
40%
41%
1,900
23%
23%
23'/*
23%
23%
23%
22%
10,700
91%
92
91%
*1
38
*85
No par
—f
91%
97
95
96
*78
83
*80
17%
10%
<
->i
86
22%
200
23
28%
91%'
*92
95%
91
92
260
95%
*93
95%
*90
95%
300
83
*79
83
*79
83
17%
17%
17
'
16%
17%
16%
9%
93%.
92
92
91
91
30
13%
137%
13%
13%
12%
13
4,300
88'/a
85
85
170
13%
13%
t'5_
85%
*85 Vi
86%.
*85
9%
9%
*85
86%'
9%
14,500
9%
93%
13%
v.
*84
9%
13'/*
.15
.a
95%
9 '/4
*94
96
*94
:
17%
17%
17%.
10
:
,4
*79
85
,
•
*93
91%
*93
preferred-—_ioo
1__—
i-100
4%% preferred —_—i——100
Copper 0i Zincr_—5
Byers Co ( A M) common—No par
7%; participating preferred;—100
Byre* Jaeksaa Oa_
.
20%
123%
11
common.
29%
95 %
21%
125
10%
pfd—100
Inc
29
95
*20%
124'%
*123%
No par
j
20%
900
19%
21%
TOO
No par
1
28%
96'%
99
*123%
21%
21%
28%
96'%
*20%
32 %
32
19%
20'/a
a
1,700
30%
99
19 7
3,900.
31
31%
*97
19'%
19%
28%
96
No'par
99
3,200
33%
32%
,
32%
31%
32'%
*97
100
10'/a
*97
32
*31%
2;700
54'/a
10
10%
*
8%
*50
•*50
10'%
*97
40
8%
8%
50
'54'%
*38
40
10%
preferred
Burroughs Adding Machine—No par
Bush; Terminal
—1—L_1
Bush Term Bldg 7f# pr»ferred__10O
Bros
94'/a
10%
common-—
2nd
*92'/a
40%
*50
*
5,500
94 Va
No par
common.
Co
66
64%
*92'/a
10%
Go
Watch'
44 Va
43%
94'%
10%
.100
.*
'
6fi
*91%
No par
Ntfpar
Corp 3.60%
—
43%
65%
130
5'%
*39
9%
43%
.
24
1,500
94'%
5%
,54'%
*80
66'%
65%
*92
40%
9%
*50
31 %
31%
44
*39
1
.
35%. Jun 16
80
42'%
2.50
Butte
9
80%
43'%
25
r__U
:
Forge
Niag El
Butler
,
_
31
x80%
x42
Burlington Mills Corp common.—1
4% preferred
—_IOO
,
4% May 18
27% July'14
Mar 17
98% Jan
<
15% Jun
Mar 12
Inc
preferred
', Bulova
3
307a
81
43
common.—2.50
preferred
Bullard
10% July
97% July
Mar 16
9% Mar 16
78
Buff
,
17% Jun
7% Mar 16
79
Co
(The)
Buffalo
•
18
Jan
947/« May
9%
4,200
'
s,
.
3;%
3%
27
103
f
3%
103%
27%
3% =:•
3%
3%.
3%
3%
27%
26%
27 %
24%
102%
102%
*102%
32%
32%
*32%
40
39
39%
54
*53
33
33
*
*102% 10^%
*102 v' 103%'
33%
33%.
3%
27%
i
27%
27
33
3%
.
1,600
26 „■
4,700
103 '
30
*31%
32%
500
37%
38%
2,800
iio
)
24%
Apr
51%
Deo
1%
Deo
6% May
21% May
12% May
110
38
18
Deo
Deo
Dec
9% May
34%
Deo
Jan
*51.
3% Feb
27"% Mar 17
40ya Jun
52'
5
54
May 28
1% Mar 12
3
May 17
Jan"
8%
Feb
6% Feb
34%
'
Oct
24% Feb
17%
132
Feb
Feb
48%
Feb
23%
Feb
15% Feb
10
Mar
47%
Dee ;
38
Mar
11
14%
Feb
11'
Feb
57%
Feb'
50
1 Apr
Map
For
footnotes
see
page
11
.
U
,
12
July 8
108% July 7
38% Feb 11
14% Mar 16
33% Nor
'
ki i
15
24% Jun
16%
Dec
$5
21
16%, Mar 10
11
ii- /
Jun
90% Jun
21% May 15
43% Jun : 1
81
88
i
40
6
Feb
10
19
July 12
Feb
Jun
3
7%
8
,
Shoe
Bucyrus-Erie Co
Budd
22%
May
13% May
13
Jan
15 % Mar
31%
81
42%
preferred ———No par
Brunswick-Balke-Collender __No par
2
75
Co
11,100
xC'O
(assented )_1Q0
Stratton—j
25'/a
26
$3.60
11% May 15
124% July
Mar 30
X32% Feb
Brown
,
24% May 1,
6 ;
20
29% Feb
72
79v
65
14
Feb
95%
12% May
ffi
25% Feb 11
Feb
Jan
-
83
100;
Roller
&
46'/a
24%
81%
5%
RR
31
400
16%
*43%
,
257a
32%
5%
& Maine
25
81
65%
preferred
Brooklyn Union Gas
96% July 14
32'%
25%
1/
2,900
25%
94'%
3%%
x22% May 27
104%
V
Dec
Jun
32
,
38%
May
84
26
122 % Jan
8!
2
Apr
23%- Feb
;
> May
26
Feb
86% Feb
37% Nor
25%.May
80
Dec
14%
May
Feb
31'/a
46'%
25%
5,800
16 %
167/B
*43%
46'%
25 %
64%
Branlff
10
21% May 22,
27%
*43%
26'%
♦91%
Bower
101% Apr 27
36%
46%
S
BrlstolrMyers
106%
17
*44
1,700
17%
31%
32%
common
Brlggs
Dec
*16%
46'%
——15
Corp
Boston
25
5
17
*44
1/.
36'/4
167s
*16%
Shares
17%
18%
31%
preferred--.;.—100
cum-
34% May 18
Jun
"
3%%
37% Jun
93 % Feb
20% Deo
9
(The)
Co
Borg.-Warner
V
28% Mar 10
Feb
18
31%
Brass..
A
25% Mar 16
15% Mar 16
13% May
Borden
>,
10 % May 18
71
18%
31%
2.50
11% May 15
36% Jun
9-
8
Apr 28
Feb
120
Jun
42
18%
31%
No par
Bearing Co
Airways Inc
Brewing Corp of America
Bridgeport Brass Co
Brlggs Manufacturing
7 % Jan
50
28%
1
9
May 24
5% May 15
33% Mar 18
32
18%
32'%
__1
66.% July 13
3% Mar 16
18
32
*35'%
35%
30
18%
Bond; Stores Inc.
B
35%
32%
1
Class
36
36'%
18%
36'%
36'%
Sales fee
the Week
1 per share
32%
__§
&
July 15
9 per share
CLOSED
Co
class
36
I per share
EXCHANGE
.No par
No par
19
96
1
3% May
Jan
Co
share
34%
F*tday
July Hi
Thursday
July 14
I per share
No par
_1
Aluminum
Bohn
Bon .Ami
Wednesday
July 18
I per
STOCK
Co
Airplane
Boeing
37% May 18
96
Jan 12
Mar 17
W)
(E
Si****
No'par
Bliss <fc Laughllh Inc
Bloomingdale Brothers
16
Nor
25
.
Bliss
8
89
.
9* Decker Mfg Co
Blaw-Knox Co
Black
'
10
29%
'45%
July 10
f per share
miGH
AVH
Tuesday
Monday
July 12
Saturday
Far
11
35%
STOCK
9 per share
Feb
x20%
YORK
EXCHANGE
28
18% May
14% May
since Jan. 1
Lowest
Jan
12% May
14
May
28% May
LOW
STOCKS
l
Highest
2
19% May 14
1
48%.Apr 21
24.
Jun
44
May 14.
xl9% May 26
4
13
8% May 21
31% May 7
15% May 21
119
*
"
47%.May 19
18
May 15
55
Feb
California
15
"
Racking commdn__No
5%-. preferred i_
53
Callahan Zinc-Lead
———_1
Calumet Ai Heela Cone Copper.
S
< Campbell W A C Fdy;
)—No par
Can Dry Ginger Ale com—-1.66%
•
I4.2S conv preferred—Jfo par
y Canada Southern Ry Co.
100
Canadian Breweries Ltd—No pdr
Canadian
Paclfle
;i Cannon Mills
Ry,",, ,,i,
T
-
® ;■
$3 ^preferred
*29'%
TQ'
2%
•
«•
7';:;.:;.
29%
*53
i
/
2%
2%
.
67%
6%
29 ye
2%
39%
39%
*53
54
54
29%
*29.
2%
2%
*53
12%
12'%
*109%
109%
108'/a
42%
42 7%
•42%
43%
42%
42%
18%
•18
19-
*17%
18%
17 Vs
108%
*
*45%
17%
17%
*45%
17%
17%
45%
fei 52
,
17%
52
52%
.17
16%- iiiT'fj?:;
52%
54. "
.
28%
12
108.-
105%
42%
42%.
*17*
-'18%.
16 %
17.'/4 '18
ASI/4
44%
*43
■
f;
29 >
12% - 12%
109%
•18
6%
7
29
12%.
12'%
109%
2%
2%
6%
7
29%
110 W
12% —12'/a
Ne par
A
2'%
—6%
'
95
^Capital Admin class A common—1
54
■
54
•
'
•
.
'
39 7%
40'%
40'%
•
par
00
'
17 54-
-
42
*17%'
17 %
700
12%
7,900
108%
: / 160
42
460;;
18%
17
43
43%
l
*16%
55 */
53%
r
6,900 '
12,900
6%
29
16%
44
17 ",
2%
64,400
54
'
;800
16%
1,000/.
;„■,
i8o
Volume
168
Number 4717
THE
COMMERCIAL
& • FINANCIALI CHRONICLE
(259)
15
N EW YORK! STOCK RECORD
Range for Previous
5%
Dec
15%
18
39V4
Jan
27% Jan
2
31% Apr
3
Feb
32% Mar
4
4-1% Jan
12.
Oct
14
21%
12'/a May
35 % May
.
45.
,
Jan
158%
6 % Mar
1
35% Mar
9
64'-
17% May
.
Dec
130
Feb
53
Feb
Dec
22
Feb
13
Jan
108%
Dec
156
Feb
'•
' Feb
97
123
Apr
5
■*
Feb
11
32%
.
Dec
Feb
22% Feb
28
Feb
18% May
3
22%
.
Feb
H'/a
Dec
7% May
Jan
?l6%juh
!'v.fi3/4
July
18% Feb
7
7%
Dec
Dec
iv/%
.9%
22%
8% Mar
Dec
Nov
79
Jan
7% Jan
"6
39% Jun
Oct
107a Jun
23
15 \ May
Feb
11
108
Feb-!, 4
8 % Mar 19
35% Mar
Jun
83
22% Feb <19
1
of
33%
19%
par
1
17 V4
17%/;
9'/a
9%
11%
11%
preferred series B vtc—100
Central Hudson G & E Corp—No par
Central 111 Light 4%%. pfd—100
Central NY Pr Corp 3,40% pfd_100
tCeiitral RR of; New Jersey
.—100
26% Jun
110%
Jan
90^- Feb
16
100% Jan
6
Champion Paper & Fib com—No
$4.50 preferred ________„__No
20%
Feb
.9% Mar 16
15% Jun
8
Checker Cab
30
8
30Oct
25% Mar 16
Jan
37% Jun 16
,82% Apr -29
- 4' '
Feb 11
Apr
7%
Feb
5% May
12%
Jan
7% Feb
12%
Dec
9% Feb
Feb
6
Jan
8% May
15%, Feb
12.
Jan
10% Jan
-
6%
6% May
23% May
14%
38%
<
Feb
2
2
30
Apr
13%
Nov
Feb
14% Mar
Nov
53%
Feb
35
20%
Jan
34%
Dec
28% Feb
27%
51% May
56
July
10%
Class
57
25% Feb, 18
45%,Jan 22
Dec
15%
Feb
11
Jan
5
Jan
21
14% Feb
11
Nov
isy4 May 27
4% Apr
2
7
63% May
3
23
96Dec
111
21% May
37% May
May
78
Dec
May
Nov
28% Mar
11%
Feb
94
7%
34%
27%
Mar
Jun
78
Jan
951
Jan6
84% Apr 20
6
21
38
July 12
80
Jan
176
29
88
May 24,
Jun;?1.7
July 12
Jun
54%
-
53%
533/4
39%
69%
38%
39%
68 %
69%
34% Feb
10
41% Jun
111% Jun
34% Apr
9
108% Jun 25
Jan
107'
Jan
5
72*"Jan
.
2
24%
Feb:.,, .,14% Mar-,15.
39% Mar"
23% May, 5,.
7% Mar
Dec
Dec
Dec
48% Mar-•'
154 *■ Feb
-
91%
Dec
"35% Jan
Year 1947
1911/4
Jun
NOV
65%
May
5%
May
Dec
v
t per share
4%
153
Feb
11
61
183
July 13
1332
July,)/1
Jan
37% Feb
88% Feb
Jan
11
459,4 Jan
9
96
16
18% Jun
Feb
17%
Feb
11
17%
Feb
,
Feb
12% Feb
-ll,
13
May.-
16 %
Feb
Dec
32%
Jan,
11% Apr
22% Feb
20
21%
Nov
32%
Jan
2.2% Feb
Oct
86
10 % Feb
13
1
27
37 Va Apr
16 ,=
43% Jun
4
5
Feb
90
Jan
20
Feb
10
Jan
123%
Jan
96% Jan
Jan
25% Feb
14%
Jan
8% Feb
33%
Noy
28% Feb
35%
104%
Feb
7
Nov
29
Feb
29%
Feb
1081/4 Mar
10%
20%
Dec
106
11% Mar 18
Feb
54%
Jan
19% Feb
"Feb
24
Feb
11
30
12% Mar 31
17% Mar
Dec
99%
Dec
321/4 May
94 Yi Dec
38%
Feb
114%
Feb
9% July 16
32% Feb
27
100% Apr
35% Feb
30
Feb
.104% July
94% Feb
10
48
11
Jun
■
'
Jan
15% July
Apr
84% Mar 23
Feb
30% Feb
5
40
93
3
99
44
4% May
39
Apr
55%
Feb
Dec
10
Feb
48% Mar 17
6
Feh 27
46% Feb
27%
Oct
55
Dee
For
Feb
D«C
43
May
10
12%
19
-
Mar
55%
14% May
12% Apr
footnotes
Feb
,«ee
nage
8
8 V4
,
117 %
38 ''
*165
-10
17%
800
*165 *;
190
1,000
I-10
•
90
40%
108%
37
*83%
40%
x39%
108%
108 ?
■*108%
90
39%
109
^3ifo
27
2,200
28%
,28%
27%
108
*107%
108%
107%
78
*76 Va
78,.:
*76%
78
*76
78
946
v,
1,4.00
83
36%
190 ? !
*83%
■
41
40%
*t'3
47
*45%
47
*45%
47
*45
47
-
28
26%
*
107 V4
107 %
108%
30
16%
16%
15%
16%
15%
15%
x27%
27%
6,400
27%
27 Va
27
27 V4
8%
8%
8%
2,900
8%
8%
8%
1,000
36 Va
3,200
9
36%
8%
36%
*146
36%
147
*90%
,
14
U
Mar 16
19% Mar
36%
146
91%
36%
147
92%
146
92%
36%
146
*91%
36'/a
<
■
*144
92%
;
8%
36%
36%
146
91%
*144'
91%
90%
146
/
90%
60
300
&
■
14
62
*1300
41
*92 Va
-
93%
23%
HO'"
40Va
—
•
*
23'/a
23%
2,500
23%
24 Va
4,600
56,700
7,500
1,900
20%
20 Va
20%
20
20%.
20%
20%
20%
20%
17%
17%
18%
1-73/4
18%-
173/4
171/4
18%
18
18'%
16%
16
17
17
17%
28
27%
27%
21%
21%
27% '
*27 Va
27%
27
27 Va
-
14
14 3/8
14%
14
14 Va
1
10 %
105/b
*10%
75
*72
105/a
75
'
18%
2,400
26%
26 V4
26 y4
800
13%
14 Va
X12%
13%
27,200
10%
7C
1,450
26 Va
26%
,
16 Va
26%
10%
10%
10 V4
900
*70
74
35
1,700
41
505/a
52
51%
53%
1,700
52%
53%
52%
102 Va
lt'i
.
102
26 34
26%.
3%
lo^va
10%
10%
35%
36 3/8
30%
30%
5%
5%
24%
25Va
*
.N« par
Corp—8
com!_No par
1
No par
t
103
*10%
27%
30%
26%
27
8,900
11
10%
10%
35%
v
25
34 Va
35%
3,100
2,500
*30%
35%
30%
'
.
5%
6
245/a
24%
"
353/8
30%
5:5%
30%
24Var
106'A
106%
106%
106.%'
*104 Si
105%
*10431
105 Va
*10433
16%'
157/a
16'/a
15
29%
30D
5%
.11,200
24%
£4%
24%
21.700
106%
105 Va
106%
106%
1,000
*■104811
105 %
15%
*
101/4
10Va
10%
10%
i,100
45%.
44%
45%
10V4
45
IOV4
45.
45
24%
26%
3,600
25%
26%
24%
26%
23%
25
9.70U
14%
13%
14
13%
13%
13'/4
13%
2,300
9%
10Va
45,000
25
14%
14%
14
*14
14
14 Va
*14
13%
13%
13%
14
10%
10%
10%
10
10%
101%
Continental
Oil
Continental
Steel
of
103%
36%
102%
37
95%
17V4
9,94
16%
36%
17%
17%
92,
92
30
37%
37%
*97%
98%
—I
Corp_J__l___L_ 14
Cooper-Bessemer Corp . com—Ho par
$3 prior preferred
—No nar
11%
*
*90
.
97
93
3.7%
„
37%
99
99
12
11%
11%
59
*59%
59%
34%
36%
*96
9%
9%
j
17%
30
54-'
66%
18
V-
.30%
55 /
,•#9
;•
9%
65%
66
17%
18
'
.
800
.
17
34%
34%
34%
34%
34 Va
102%
102
102%
102%
102%
102%
940
36%
36%
36%
361/4
36%
3,600
98
17%
*96
16
98
*96
1,000
98
:
■
200
17'/a
J6Va
16%
*91%
93
91%
91 Va
37%
36%
37
36
37
*98
7,200
99
98
98
99
300
*11
11%
11%
11%'
11
ll'/4
59%
8% r- 9%
65%
66%
59%
59%
59
59.1/4
,..8%
9%
8%
63 %
65'/a
61%
*91%
37%
93
J
58
66
34Va
103
36%
95%
No par
Delaware-
3,200
10%
45'/a
14
1
15 Vt
10%
45
10 %
8
',15
11
24 Va
13%
10
»
45%
45
34 Va
;
29%
5%
6
10%
Fibre
1,300
27 y4
11
35
Continental Motors—..
111,700
101%'101%
26%
$4.50 preferred
—No par
Container Corp of America com
30
,
3'/a
a 690
„
11
10%
common
8,500
3%
8,100
...
27%
34%
preferred
25%
36
No par
4V cum,ulative
52%
102J/4
24%
10%
V
Aircraft—:—1
com
51%
101%
3%
102 Va
106'%
Consolidated Laundries Corp——I
Consolidated Natural Gal
II
Consol RR of Cuba
pfd
—160
Co: Inc_„_10«
3%
*101%
10 3/4
16%
26%
3%
F%
:
53%
104
101%
27%
■
16%
Inc——1
25%
3%
36 3/8
*291/4.
106
103
-
1013/4
10%
245/a
26'/o
3%
36
'
,
luj
25%
101%
s
27%
-
lOj
2«% **
2^ 1/
No par
Ino
-~i
34%
41
No.par
Can
74
35 Va
41
16%
$3.75
*69
35
41
3%
Vultee
3,370
*15Va
27%
35%
101%
Consumers Power Co
17%
17
41
Cerp^—1.33%
Consolidated
■
16%
16
27
41
3%
s
*72,
17
35%
273/4
Textile
*
19%
20'/4
41'/a
105%
Consolidated
,
15%
10%
18%
19 Va
16%
17
27Va
,14
20%
20%
18%
35%
100,
Store#
19 Va
19%
163/a
■
"
27
101 %
Retail
150
24 %
25'Va
20%
*104%
Consolidated
90 Va
24
25
27%
Oroctra
3,100
24%
100%
;
*89 Va
260
40 Va
25'/a
16%
^^No par
—,
x40
600
1400
24%
19 %
*70
«
25
17%
10%
92%
1300
61%
24%
—21
Y
90%
*
40%
*
Mharee
168
35
com>.-No par
series—NO par
N
92 Va
40%
1400
61%
24%
20%
South
of
40%
167%
61%
1—10
common^
Coppermines
92 Va
*1300
f per there
169
„
24Va
Edison ,Co
Edison
40%
93 Va
61
,
141°
*13°°
.
*168
61.-%
Selee fee
the Week
24%
Publishing Inc
Cond? Nast
169
61%
.
40%
*92'/a
24 %
25
*168
01%
1^0°
'
24%
169
61
*
1400
-
40%
-
169
<
PVI<l»w
July 16
July 15
8 per there
41%
Insurance
Jun
169
62
Tkersdep
July I t
t per there
36%
Diamond
July 12
169
Wednesday V
'
,
41%
Continental
33
Tuesday
July 13
# per share
355/a
Continental
55
Credit
-v
40%
13% May 21
63% Jun
1
ft
STOCK
CLOSED
Monday
July ft
< per there
10
Continental
19% Apr 16
i
f per there
EXCHANGE
p*r
May 15
July 13
10 % Jun 24,
69% Jun 18
■
Co-—i__iNo par
preferred^——100
Continental Baking Go com^-No par
$5.50 preferred—,—.
-__No par
x49% Mar 17
24.
Far
/
•
common—No par
Carbon
Consolidated
99 %
44%
10% Mar 17
110% July
13%
8%
18%
37%
190
•108'
28%
28
7,600
i;ooo
'
*83% k9o;
-
30%
83
-
18%
38
*165,
•a
30%
*■
*80
;
18%
38
.
47
30%'
16%
Preferred called „——!—
106% May 25
42% Jan
5
106 %
May
May
109.
?
800
47%
8%
83
'
"18%
-
5,500
100
24
*76%
47 i
preferred—-100
nreferred
•
6
17
Pictures
preferred
Consol
16% Mar 20
35% Jun
4
•
30%
29
97%
24:
46%
28 Va
__l
2nd
non-?um
Consolidated
.
2
Dec
> Dec
47
8
28%
97 Va
16 %
No par
Congokum-Nairn Incl
Consolidated Cigar
21
51
Dec
30% Dec
,
$6
27% May 20
15%. May 12
11%
91
10
28
Inc
Commonwealth
•
11
94
Feb
•200
16,800
'
16%
latnriay
July 10
—
May 25
17% July 13.
92
July 12-.
20%
%
28%
No par
Mills
Commonw':th
29
12% Jun
11
~10 % July
! 38
107
78
*46
108
$3.60 preferred __—;
Commercial Solvents
May 21
Xl8 Va Jun
9
Apr 30.
43% Mar 18
Jan
7
Jun 24
6% May 21
29
Jun
July
25% July 12
107% July 6
10
'
'
32
11
30
19%
63 Va
25
■
4Q^!,4>,...
109
10#%
*76%
.-100
Commercial
36% July 12
Mar, ,5m
ma% Feb
Feb
15%
41
61 %
8%
t^.25i: ciunpreferred;jw^-Nio
Apr 27
29% May 14
11% May 20
Mar, 17
.4% Feb
21
I?)
May
12 Va May
51
41
-
101
31
*80
18%
*85,^.^0
;VT-
,
28%
28%
*108
„
*37%
108% m,#
Internat
Columbian
106
11
40% May
!
3 y2
10;
106
11% May
50
900
3.900
28%
Columbus & Southern Ohio Elec
29% May 26;
14
8% May
4% May
Nov
104
2
33%
31
300
•
3 %
1
;
Columbia
••
53% July 15
13
2% Feb
.
2
26% July
4
'
v"^170;tWl90...
41.
40%
,
-
28 % Feb
23
Nov
24
15
23% May
30,:
Apr
;
14% Jun
13 V4 May 21
35% Feb
115%
•
17
3%
29%
*97
^25
48
8
83
18%
'
90
.
78% Jun
36% Jan
xDec
176
; *85
V
•
28%
101
25%
8 Va
..*80
18% V
1,76
,
Collins &*'AikfttanLji:;_———No par
4%
21.
Oct
2% May
84 | Dec
'8 Va
83
r
38
Columbia Broad Sys Inc cl Aj
2.50
Class B—
-——2.50
Columbia Gas System, Inc__No par
May 12
30
Feb
33%
;
31%
9% Jun
48%
20% May
67% &
IIV2
41%
47 Va
31
38
Iron Corp com__No par
5% cum conv preferred-:
30
Colorado & Southern Ry pom—100
4% non-cum 1st preferred—_100
25
62% Apr
39% Aug
87
•
64%
^
25%
48 Va
Colo Fuel &
Feb
50
Dec
May
51
*
—_1
—
preferred
Colonial
Mar
30% May
:
*
13
38/
38
:
18% July 15
17 V2 July 14
32% May 15
11
22%
3%
62%
*30%
48
31
&%
Co com—^_No par
—————
A
$3.50
25% May 18'
Feb ,11
20%
Dec
51
*40
29%
*9^
31%
83
Corp—No par
Colgate-Palmolive-Peet i com—No par
'
26% May 21
20% July 14
20% July 14
'
19% Mar 17
12% Feb 11'
16' Feb "11
21%
;
Class
Apr 20
Oct
11% Dec
"25%
48%
*!8Va
Coca-Cola Co (The). eommon_No par
2
Oct
63,
3%
64%.
28%
102
*25Va
'8%
50
_J!_—;
•
J Coca-Cola
1
Feb
'
17
26,300
v
3,100
16%.
.
8.
July
18
12%
*99
2G
48%
par
2nd pfd_———
cum
29%
63 %
/
*10
41%
*40
645/a
38
67%
11%
17%
2,700
53 V*
ilV*
17
3%
52%
51%
41%
*52
-
36%
Np par
.
2
63% Jun
1332
22%
Apr
.
53
*30%
gtd—__50
stock:
3%
X2C%
102
25%
par
Co -com-———1
7 %
4
-
64 Va
29
*99
———I
Climax Molybdenum-'
Clinton Industries Inc J
t per share.
-
46
8,
May
9% May-
'28%
———100
Clopay Corp
Cluett Peabody
1% preferred
64%
___—-i—_Nq
Bronze
69
36% '.
*
;_8.50
STOCK
EXCHANGE
"
18
Aug
*40
64%
NEW YORK
23%. Dec
May
16% May
*52
41'/a
*40
3%
5,700
48%
.
STOCKS
105% July
12
53%
25
preferred-——-100
gtd: 4%
Highest
Jan
.56
3%
!
com,.
preferred
Special
5
Lowest
May
1155
3%
24,200
'
11
*
30,200
e
68
17
4/ 39%
21% / 22%
39%
12
17
53 y4
Illuminating cdra—No
Graph
Range •inee Jan. 1
.
t per share
May
m
18
7,000
6,200
59,500
45%
53%
69%
12
38
37%
69
*11
12,500
23%
36 Va
39%
'*
49%
*52%
39
V
>■
8%
>
11%
35%
54
*17
108
No par
Cleve <Se- Pitts; RR Co
36% May 17
147
July 13
92 Va May 20
10
81% Mar 18
Highest
per share
Elec
37%
;
12,900
8,500
12 Va
7%
41'/a
22
48 3
16,400
29,800
13% vi4%
12%
38%
Va
8V4
16%'
12%
-
il.'/a ' 11 Va
20V4 " 21 Vs.
-
-
9
11%
49
12%
1
;
non-cum
Range for Previeue
Lowest
<b
'
-
22% !
18
i
.
$4.50. preferred
5
10% Jan
9
137 '/Feb
•
68 >/4
8%
■
41%
■
*17 V4
————2.51
Gas
Cleve Elec
Clev
78% May 20
47% May 19
18%. Mar 22
Feb
j
13
*11V4
10
Equipment Co———11
CCC4 St Louis Ry Co com'—-100
7
6
at
,.
1
Clark
14
6
«...
/
Oil—_
'
.
9Va
*53%
5%
105% Jan
26% May
.
38 Va
City Stores —L_—
4
Feb
14% Dec
32!
May
10
22
City Ice & Fuel
Jun
57
8
40%
com—-No par
City Investing Co common
5
5%%' preferied—-——100
43%
140
,
12%
2
115%
101
«
13%
41%
12%
39%
3
Jun
Dec
87
i2%
39%
12Y*
39
Jan
Nov
Nov
33
8%
Jun
15 V. Jan
71
141
12 VA
9%
7%
' 22%
14% * 14%
10
27%>Ma*3L8fc,
42%. Dec
x61%
11%
20%
15% '
33
Feb
106
1140
12%
22%/
15 Va
9
Nov
35% July
109 i MW
34
12%
21V4
15%
Mar-f 9
Dec
107
12%
22%
14%
4%
preferred
—108
Cincinnati Milling Machine Co—II
C I T. Financial Corp——-No par
May 17
48% July 8
20%
176
85,:!:
12
21%
*53%
Cincinnati
27
26
34%
1
17
101V4May 26
20% Mar 13
36% Jan
,
12% May
23
x94% Mar 11
Feb
Jan
34%
27% May
8
Feb
281
48%
12%
36%
Chrysler Corp
29% Jun
15%
12%
15
Chile Copper Co
4
8%
16%
37 Va
24
1
7%
11%
100
1,200
22,800
.^85
12%
9
1,100
*£?
'
15 V*
*36%
lu
*83
-
8%
•
Jun
85
12%
37%
42
*83 4-'
17 Va
36%
65% Jun
27%
37%
8%
9%
140-
' 13;
»
27%
22%
convertible
11
13
37%
16%
21%
18
13%
12%
48%
Feb
1,800
9^/a
,
28%
14%
Childs Co common-—
5 Vu%
preferred
3
?■:«'
99%
38 Va
11%
———100
Cotton
800
23% f 23%
'
37%
21V4
9
11,600
;
16%
22%
Chickasha
.
13
48%
52% Feb
23% Feb
«
3,300
17»/4
•
'
15%
:
21%
31v
Jan
9
26%
12%
15%
13%
id
9%
'16%
*27%
:
85
48%
66%
29%
8
24
13%
28%.
*83
22%
42% Mar
Nov
8%
85
24
2,400
600
28 Va 1 28Va
99 % '/ S9 Va
•
38%
48
Sep
Oct
7%
*83
t
i
13%
38
47%
Dec
56%
■
6
46%'July
"32
July
7% Mar
*27 Va
13
Conv. preferred series. A__—100
Chicago Yellow Cab—
,N5 par
xl2% May 18
Feb
"4%
27%
38 Va
14%
-No par
P vtc__No par
-
preferred
$3
3
15%
27%
38%
preference—No par
Chic Rock Is & Pac RR C0__No par
2
Jun
13%
27%
38%
25
Chicago Pneumat Tool, com__No
39% July 12
71
13%
27%
par
5%
May 21.
Jun
3
Chicago & Northwest
49% July 15
40
24%
100
100
9,600
11%
26
•
29
*
.
—J—50
Chic Mihv. St IPaul &
Series A preferred vtc___
23% July 15
11
24%
*28
Co com—50
preferred
Chic Ind & Louis Ry Co cl A
30
49% Mar 20
—
5 %
29%
38 Va
85
11V4
18 Va
*28
120
»
81
-
26%.
*17%
100
3.J600
2,100
^
,
'26
10% " 10%
26 Va
18%:
24%
—i__l
11
26%;
99Va
*83
*79
11%.? 11%
29%
13%
7%
105 »/a
25
18
99%
30,300
'•
2,300
35%
7Va
25% i 27
26%
24
preferred-__100
!
12
!
81
:
18%
24
Chicago Corp (The)—
Chicago Greht West RR
11
,
convertible
83%
28%
*10%
'
700
1,400
*104'/a
7%' '
240
5,800
10%
35 Va
36%
•'
10% '
10%
105 Va
* 81
26%
.
9%
-
'
26 '/4
i
17
7%
*104%
.11%
11
16%
10%
411%;
35%
'
7%'
105
*81%
4,
12
28 Va
14
36%.
*7%
r
167/a
10%
11
300
19'/4
16%
10 Va
36%
83%
•
17
14,300
32
19
3,400
.
104 %
19%
'
139 %
30%
*19 V4
11%
105
104 Va
139%
33
32 %
19%
9%
27
99%
13%
230
139
139
:
33%;
11
7%
24
Chic & East 111 RR Co com—No par
Class A
40
July 13
41% July 13
9
Feb
3%.%
13 %
15
33%
29
9% Jun
7% Mar. 16
.
Jan
*16%
99 Va
Mfg
——
1-1.25
Chesapeake Corp of Virginia—
5
Chesapeake & Ohio Ry common^_25
9-
19%
par
l4VaMay21
12% July 13
22%. July 14
15% July 13,
4% Mar. 16
Feb
90
26%
140
i
800
5,200
148
*104%! 105 Va
33
105 Va
*81%
29%
.5
4,200
47'/a
35%
par
July 13
17% July 14
11
7% Jan;
Feb
May
9
24
4% May
2% Dec
,
11
8%
11-
45'% Jan
83%
27 Va
29%
147%
v
60 !p V 60%
t.
10%
18
46%
*146 /
8
34%
139%
18
17% Feb
,49 t:.-A
5,900
i
J
38
7% V;
61%
9%.
26%
No par
18
i
38 i..;
'
36%
37%
27
18 Va
1
17 Va
«
8%
60%
11%'
7 %«
26%
Products
Co
800
35%
104% 104%;
36%
l77/8
Belt
39V4
i
60%
19 Va
105 Vi
26 >4
Corp^
Feb
14
2,000
36%
17%
5
Copper
27
6% May
4% May
I
*81%
183%
v £%;
146%
100
30%
38
39%
473/8
;r
148
34
11%
2,900
30 Va
60%
105.
17
Ifharee
6%
108
36%
•.'V'9'A
,
146
i
38 m '38
,''
140
,—_1
Pasco
Chain
54%
106
6Va
108 1,
36%
*19%
37%..
7% ■
7%
M
,
61%
Cerro. de
l.
Certain-teed
3%
V
37%
106,
147
/
12
Jan
102% July
49% I
10%
May 24;
•
48%;
12%
20
Dec
49 Va
11%
33
Jan
8%;
10%
28
Dec
18%:
38 va '
£'%
33%
:•
the Week
•I per share
6 Va
.
17%
18
38%
140
34.
:
V/ 109
39%
40
8%
Centrql Violeta Sugar Co.,——-9.50
Century Ribbon Mills—No par
10
40%
140
6V2
8a!es for
July 16
$
31 Vi «I31&£'
/
.
18%
36%
19%
.
.3 J.
38%
*104%
*139Va
24% Feb
23
•
*104%; 106%.
20
Ry Co vtC-i^-No par
Ga
40
61
Friday
v.
'
39%
147.
...
100
}
108%;
31 > '
8%
No par
_
—
••
*108
49%
par
L
common
ii 6%>
6%
108%
:
18%
50
July. 15,
tperthareK
38 y*
36%
13% Feb
81%
'
49%
•6%
31
8V4.
62
Oct
Dec
38
8V4
Thursday
;
4 per thare*
y ,
109
.
PRICES
Wednesday
July 14 V*
39%
'
147
Jan
10'/a May ;
'
37%
SALE
31
<
36%
30
:
6%.
108 %
18%
1
5%
17
39
17%
61%
preferred———-No
Corp
'
31%
39
HIGH
t per share
6%
31
AND
**:.//• Tuesday
July 13
108%
146 Va
21!/4
100%
(
6%
*108'
^^___:_100
19% May
?
STOCK
EXCHANGE
—No par
11% May
1
A,
'
of Amer com—No per
20'/a May
•
'
V;
•
lit
$ per share
1$
preferred
Central
May 27
28'% Apr
petjtiare
i-—25
Central Foundry Co_
8
Jun
series
Cfchtral, Agulrre Sugar "Co;—No
;
29,
Jan, ,*.
July
CLOSED
Corp—
common
2nd preferred-:
5%
21
14%
t
102
1G%
:
7%
1st
Celotex
3
Feb
Apr
-
...100
-No par
preferred
$4.75
6
96%
12%
4%.
General
Co.
7%
30
3878 July
i7 %• Jufl" 18
u....
116
77% Dec
4' % May
11% Dec
■
28
Light
&
preferred
(J.I)
Celanese Corp
J'<v% July. 15:
12% Jun
32% Jun
100%
28
28
Power
Caterpillar Tractor-'—I
5
Feb
.—1
$
Monday
nr.
'
Conv
May 27
34% Jun 25
21
July JO
Ohio' Ry_
Carriers At
140
10% Jun
—
&
Case
.
2
20% Jan
Satnrday
*
Carpenter Steel Co„——_
I
Carrier Corp 4coramon_..
—10
68% May 15
39%.Jun
9
105
LOW
f
InC———
Clinch
Carolina
May 20
2
Airlines,
Carolina
1473/2 July 15*
10
21%
19% May
9
52% Jun
26
28%
49 % May
Jan
Capital
2
19% May. 2i
43% Jan
8
35V4Mar 30
Feb
47'.
.
Dec
*17%
Oct
Dec
7%
29'/a May
8% Mar 22
110'% Jun
Mar 16
W
STOCK
F*r
5% Jan
2
YORK
EXCHANGE;
share
100% Feb
Dec
19%
'tper
■
Jan
Dec
130
|p er share
"
Jan
128
38
x97
NEW
Highest
'
50%
:
Nov
132
Lowest
S per share
.•
27
6
Range since Jan. 1
Highest
t per share
102
STOCKS
*
Year 1947
Lowest
59%
.18 /
*97 %
14,700
200
1,600
20,700
63 %
18%
17%
18%.
17 V4
29%
28%
29%
28%
28%
*54 V4
2,7%
28V4
55
54%
55
55
55
55
55
10,600
17%
"-29
1,800
,
9
2.900
,
*
2,400
350
.
THE
,(260)
16
COMMERCIAL
NEW
Range for Prevleae
V
9 per share
Bange sine# Jen* 1
Lowest
Highest
Lowest
I perthare
//
NEW
,) Highest;
"V
6 per thare
FINANCIAL
STOCK
YORK
CHRONICLE
SALi/MMGKfr ^
LOW AND HIGH
STOCK
YORK
Monday, July 19, 1948
RECORD
STOCKS
.
•»*
'
&
f July
8 per share
Wednesday
Htaiiy
Pwtanrday
EXCHANGE v
Jhly !2Vv
*.
■
..
'■^'$',per-ihare-
f per share
Thursday
,
'■
5
10 v ;
•'
July, 14
■'y I
.
'X-
« per share
per there
.' '19
f per share
' ^19%
•Friday"---"./ gales fsr
the Week
.
July 15
-'July
v-'
# per share
■
■"•■'Shdfee*
-
•
13 W Jen
44'
Dot
17%
Oct
U
Feb
13
Feb 11
42% Mar 24
UHMW
20%
Feb
10% Feb
11%
Deo
18%
Deo
61:
Jan
32% Feb
105%
88% Dee
20% Jun
48
18
Convertible
"stock
8
'
••19%
EXCHANGE
4
CLOSED
_60'
pref 5* series
'
Cornell Dubilier Electric Corp
Cor® Exchange Bank it Tr Co
26
56 %"
8
21%
21%
100
*97%
98%
Feb
13
8
23% Jun
Feb
9
97% July
92
47%
131/4
57
.
1
;
13%
13%
11
1
-
'
56%
Corning Glass Works common
3%% preferred
19%
56%
,
'
19%13%
■
•
*46%
.18
\ 13
13
% 19
*4.6%
48
.12%/ 12%
■
12%
•
5,900
19%
18%
*46%
48
48
•'
-
1,800
12%
,
"
v
'
Feb
'
*46%
-19%
-*46% " "47%
15% Jun 15
57% July 14
11
16% Feb
50
Oopperweld Steel Qo common
May 20
57 %!
.
56%
57%
57
'•
:
X55
.
640 '•
55%
■
•
*20%':* .21
21%' 21%
*97%
,
♦97
98%
'
'
/ 21
% '• 98%
20
*97
%/,98%
'2,800
20%
97%
20%
•
97%
20-
:
'
105%
Deo
88
Jun
59
169
4
4%
Deo
4%
8%
Deo
2% Mar 17
Jan
40%
>
\
Feb
29
107
Mar
95
16
Oct
9% May 13
Dee
30
Jan
x21Mar 18
,
Feb
11
17% Feb
"*41
88
~Doo
62% Mar
34% Oct
Apr
».•
108%
Deo
98
37%
22% May
66
Deo
;
10
66% Mar 17
Jan
34%
May
13% May
Oct
26% Mar
Jan
12% Feb
Jan
165
Jan
5% Jan
2
11
155 V Apr 21
10% Mar 9
2
C'>-v::3%'Feb^;2^:
39% Jun
1
14
98% Jun
15
24% Jun
8
26 %
May 27
46% Mar 6
34%'Jun
1
103% July 14
129
Jun
78% Jun
34 " "Jan
17
1.6% May 21
177
Jun
4
19% Feb
15% Feb
13
'24%
Oct
27%
Nor
18% Feb
27
24% Jan
6% May
113% Jan
■
12 %
Feb
Feb
11
13% July 15'•
122% Feb
17
146
Mar 11
61
4% May
12% May
.
i
129
7
Deo
70
Mar
6%
Feb
21%
Deo
.,
Apr'
132
Feb
V
13
.147
Jus
•6
81% Jan
48
4% Feb
11
18% Feb
13
Jan
27
,
133 ~
21% Mar 18
v
13
May
T
May 14
11% July 15
27% July 14
137
r July
2
x31% May 26
30%
Feb
19% Auf
26%
Sep
20
90% Nor
97
Sep
87% Mar
4
14% Maf
23%
Oct
13% Mar
9
20% Jan
2
25
17% Jan
0
Mar 16
30% Jun
10
94% Jun
28
Crane
Co
3%%
63
2%
-
37%
Cream of Wheat Corp (The)Crown Cork ft Seal new oom__2.M
Feb
16%
"
Deo
t'4 2nd preferred
—i
Crucible Steel of Amer
5 %
84
Deo
Cuba
rr
6 %
.4<%
31%
~
117
75
S
C,.
'
-
Cunningham Drug Stores Ine—2.10
Pub Co (The) com
No par
47 preferred
...
.Nopar
Cushman's
Sons Inc 714
24
Cum
pfd 3%%
v
*159 >/4
5
94
Jun
10
15% Jan
5
Dayton Rubber r?n
180'
9
30
38%
Feb
29% Feb
32% May
45% Mar
10%
5% May
Feb
Feb
9
20
5
38% Jan 20
13% Jan
42
15
Jun
46% Jan
2
34% May 24
50% Jun 24
7% Feb
11
13% July 12
11
:
-11%
*138
'23%
"
23 •%
44
37'a*
.
5,200
,
.'•'■97%
*97
>100
v
•
10 %
:-
23
V
1,700"
;-900
;
22%
23%
43»/2
43%
Jiya
Preferred 3.15%
"
'
'
31%
4,7U0
117%
25%
'
12
*'28
.29
15.%: i"l5%
25%
75
*159% 175
Vll'%'
i-U%
■
!*J86%.; 87
;J
j.
"
.
* 159%. 175
•U
n%; 11%
,
*16'/a
il6% -'!
;,*19% / 20%-j j.
>
'
i 19 %
■
16%
n
140
*132
•
*132
28 %!
140
v
-
26%
.
*132/
,
♦29%' ''30%'
30
■
'
-30%
~
,18
•'28 %'
93%
♦'93
♦17
•
28%
*93
93%
17%
•
17%
'28%
'28V4
28
31%
92%
92
100
31%
92%
n
■
•••
30%
92
*12%
*92%
31
92%
V
500 vr'^ 1
300
445,100
•
17,000
29% "29'% "-
*25%
17%
17%
*17
1,500
94
*16%
1.100
26%
*93
17%
28%
3!
•
92
*90
92
12%
60
«
200
100
27
7,100
31
26%
30
V
92%
12%
92,400
140
*132
■•.-.■
600
1-100
•
26%
*92%
92
12%
13%
'
-
-'V
26 Va
.
->
11%
28%
31
•;
' 92%
*90
92
92
*12%
13'/a
3i
31
141
'
93%
l-7.ii i.
'27%
28%
28
28%
4,200
-
:/58 % •t4-.'
26%
17
*17
17%
92%
31
-
■
17%''
♦17
17%
58
10%
27%
140 >
:
,.
16% -"'''
93%
28%
/ 93%"
17%
:
ll%:;vl2%
"141
;v"
3,100
200
92%
-
120
90
90
12%
12%
12%
1,000
8%
8%
5,600
>
8%
8%
f%
8%
39
39%
37%
38%
38
38
37%
'38%
37%
2,200
No par
39%
40%
39%
40
39%
39%
39%
39%
38%
39
7,500
.20
*39%
40%
32
32
*31%
32%
32
32
31%
32
49%;
50
49
49 %
49%
43%
49%
12%
13%
12%
13
11%
13
11%
12
36,900
13,200
50c
8%
1
common.
preferred
Delaware & Hudson
DAaware Lack & Western
too
<
"50
50
—60
"
13%
12%
8%
8%
8%
,49%
37
1,000
2,800
Denver & Rio Grande West RR
6% May
19%
Deo
14% Feb
25% May
44%
Dec
32% Mar 16
58
20%
Deo
27% Mar
20
Apr
9
by
auk
62%
58
Jan
6
21% May 1.7
60% Jan
9
10% Feb
11
Oct
13% July
10% May
10
20% May
31%
Feb
22% Feb
28% Jun
2
35%
Apr
47
Jan
35% Mar 12
42%
Not
38*
Feb
16
Jan
13
15%
t
49
*
May
May
19% Deo
2m May
16% May
45% May
36%
19% May 26
xl9% May 21
19% July 2
14% Mar 12
29% Feb
'■
39%
13
40
Jun
16
Feb
24
Dome
67% Apr
15
Douglas
2
20
Feb
6
104%
14% Jun
97
22
19
,
48
July 12
106% Jun
Oct
90
Feb
13
23
Deo
21
Jan
6
31 % Jun
Deo
98%
Feb
83
Jan
2
10% Ma;
14% Not
19
Feb
12% Feb
17%
Not
May
80
173
May
197
July
115%
Deo
92%
Deo
129% Aug
107% Sep
110%
Sep
115%
Deo
14
Jun
197/a Mar
15
106% Jun 21
July 16
11
20
May 15
Dunhill
12% Mar 11
18
May 20
188% July 9
Duplan
164
Mar 18
113% Jan
94
28
Feb 11
112% Apr
7
13
,
Mar 15
f per thare
f per shar«
I per share
Duquesne Light 5%
15% Jan
2
38
37
37%
2,400
14%
12.700
1st pfd
YORK
Eagle-Plcher Co
Eastern Airlines Inc
I
22% Jan
6
38% Feb
10
46% May 15
Eastern Stainless Steel Corp
Eastman Kodak Co common
162% Jan
12
Jun
17
65% Jun
14
88
Deo
Feb
82
27% Feb
111% Feb
102
15% Aug
104
Deo
13
Mar
8
Mar 16
Feb
24
16% Jan
106
2
Jan
12
8% Jun
24
4% May
50% May
10% May
87/a
Feb
65%
Feb
43
Feb
20
56
16%
Feb
11
Feb
13
16% Mar 24
<33% May
39%
Jan
32% Feb
19
37% Jun
Sep
37/a
Jan
1% Feb
11
111% May
19%
Feb
13% Feb
11
:*:•
2
5% Jan
5
Jun
1
2% May 24
145
Deo
171 v
Feb
10
135%
Dee
156%
Feb
123% Feb
11
143% Apr 28
Jan
57%
Oct
49% Feb
10
14% Feb
24% Jun
15%
Deo
July
24% Mar
139
7
4%%
Ekco
9
19
28
27% Jun
14
Deo
74% Jun
12% Jan
2
x29% Jun
22
34
Feb
27
104
Jun
5
Mar
97
9% Feb 11
Feb
50% Feb
11
Mar
64% Mar 13
Feb
6% Apr 14
24%
Feb
Not
25%
Jan
32% May
x6% Dee
50%
Oct
38
13% Aug
6
44
60
May
Jan
31% Feb
~9%
footnotes
see
*16%
18
*16%
17%
*16
17
*16%
16%
188%
121
xl4
Mar 17
7% Mar 17
Feb
10
Jan 23
40% Mar
9
10
5% May 28
16% July 12
65% July 15
68% Apr 14
9
Jan
14
Feb
page
5
5% Mar
4
11% Jun
16
187
188
186%
187%
185
187
119 % i
119%
118
119%
700
97%
119%
'97%
119%
97%
97
97%
1,100
115%
114
14%
114Va
114%
114%
114%
*114%
14%
14%
14%
14%
14%
*
Monday
July 13
f per share
*14%
2,900
114%
115%
115%
60
14%
14 Vs
14%
500
Friday
21%
Bales fsr
July 16
Thursday
July 15
ths Week
I per «hot*
I per share
9 per thare
9 ter there
98
BALE FRICKB
Wednesday
July 14
Tuesday
July 12
'98
21%
22
Shares
21%
2,200
22
21%
21%
17%
17
17%
16%
16%
16%
16%
16 Va
16%
8,200
19%
19%
19
19 Va
19 V4
19%
18 Vs
19%
18
18%
3,000
43%
43%
42%
43%
42%
42%
42 Vs
42%
41%
42%
8,400
STOCK
21%
EXCHANGE
17%
CLOSED
22
21%
*171
172
172
•171
64%
65%
65 -
65
64
64%
*18%
18 Vs
18%
18%
18%
18%
18 "
90%
90%
*89
91%
91%
*88%
14%
14%
x14»/4
172
63%
19
172
*171
"111 %
*89
*89
91%
14%
14%
14%
14%
*99
103
*99
; 103
*99
103%
*100%
*171
172
63%
*99
7%
;.l,400
100
.
14%
13%
14'A
103
1,700
18%
90
1,900
103
7%
7
52
52%
50%
52
14%
14%
15%
14%
14%
37
37
36%
36%
37 Va
37 Vs
37%
37
37
2
1%
1%
1%
1%
1%
1%
1%
1%
17,200
22%
22%
21%
23%
21%
22%
19,400
Convertible
preferred
No par
Electric Power &
$7
shares—^—
Light com
No par
preferred
Kg
preferred
1%
V
No par
r/Vnni
5%
conv preferred..
preferred
Paso
142
Equitable
Erie RR
156 %
141%
Office
' 142
*141
53
52%
69
72
*69
46%
v
72%
-
71%
70%
46%
46
*45%
46
70%
69%
70 /
19%
19%
19
19Va
19 Vs
14%
-15%
15%
15%
•15%
33%
33%
15%
102 ;;.
r •
15%
102
4%
•16%
64%
64%
-.67
a
■r^
p
4%
6%
.3.6%
,
4%
4%
16%
16 Vs
65
67
•
65
'
*67
6%
16 Va
64%
•
*67
69
•
6%
5
•
6%
6%
•
17
9 Vs
9 Vs
9
44%
44 Va
45
17
16%
"
9%
% ■
•
9 Vs
*44%
44%
*6 J/4
51%
Fairbanks Morse Ss
Brewing Corp
*g
1
Farnsworth Teltvls'n * Had Oor®_1
24.
V^Z-,
'■ TVrW*-
6%
"51%
28%
29%
-23/ /23-v/
10 Va
10%
:
51%
-
10V*
•.51
51%
29
28%
28%
*22%
*6
6%
6
.
23 V2
*10%,
-
46%
'68 Va
69%
68%
18%
19%
18%
15%
14%
15%
15%.
15%
33%
33 Vs
33%
101%
101%
101%
102
4%
4%
,U: 47/»
15%
16%
64%
65%
65%
69/
*67 >••
-6%
;,'r..5i%
n, 7.29 i-v'
•,' -T23
'-3% i t
io%/:ii%"/ ;
1,400
.-"'.'
>1,800
5,300
•1
V700
.-•f
18%
14%
9Vk
1,000
i 400
i
6%
16%
69
i Too
-
33%
6%
*17
'
A
69
16%
■
500
45%
"
-
*15%
45
'
68
*44%
*45%
15%
102
16%
47/s
16 >/4
l
*101
*66%
71%
5,500
53
14%
33 Vs'
102
*101/
*52
33%
*15%
33
39%
14%
15%
33
<
preferred series A——100
Pittsburgh RR Co
60
Fajardo Sugar Co of Perto
25%
27
69 %
Exchange Buffet Corp.
25
26
69 Vs i: 70
4
26%
27 Va
72%
8
••
26%
26%
"46
wry
■
15%
27%
:
4
Eureka
15/-
27
in
„
15%
-15% -15%
J
Bldg
.15%
15%
4,500
158
53
;
2,600
140%
142
"52
15%
:
140%
157%
141
15%
•'
common
'
52%
52%,
*52
156%
157%
156 Va
156 %
156%
141%
142
15%"
Erie &
Falstaff
:..
-
f*
*37
52 ...^
50
Natural Gas..
7%
7%
7%
52
23
22%
157
157
•
—50
Endicott Johnson Corp common—49
4% preferred
100
5%
23%
22%
pat
Electric Storage Battery
No par
Elgin National Watch Cn
IB
Elliott Co common
-—...10
5 % c/o
7%
"
Elec & Mus Ind Amer
:
10
188% '
120%'
97%
52%
...
Apr 23
1,200
14 Va
inn.:.:
31% Jan
200
15%
187%
98% "98%
f per there
15 Va
7%
Corp
54% Jun
16
53%
Ex-Cell-0
24
Apr 14
16%
xl5%
7%
Eversharp
26% Mar 17
*16%
17 Vs
14'/a '-1414s
11% Jan
5
18
16%
52 %
20% May 17
49% May 3
7% Mar 30
*16 %
14%
Williams Corp
Evans Products Co
.
17 Va
,17
*119%
188%
*120
93
64%
Electric Mfg Co
Emerson Radio & Phonograph.
20
For
98
*95%
53
El
Jan
4% Jan
%
97%
98
400
14%
Empire District Electric
j"an
Apr
Feb
May
98
*95%
19
common
15% July
15% July
19%
Deo
;** jkr
*95%
98
64%
Emerson
4%
10%
7,100
3
6
Jun
38
?
900
28%
Electric Boat
20% July
12% Feb
13%
104%
27%
29
29%
7%
11
Dec
85
103%
29%
29%
52%
46% July
17
67
104%
*104%
29%
103
■
76
12%
Nor
104%
103%
105%
29%
*101
I
28
Deo
7% May
17% Deo
106
163%
105%
..
TOU
13
Deo
47% May
103%
2.60
common
16
8%
i63
103
Elastic Stop Nut Co.
Electric Auto-Lite fTh»)
14
6
Co
Jun
3%
v
3.000
5,500
104%
*94
100
nrpferreri
Jun
Oct
107
57%
47 Vs
30
—4
y
55% Feb
59%
9% Mar 18
il%
56
46%
1rtQ
preferred
preferred
Products
4%%
4
06% Jan
17
Jan
cumulative
65
27% May
102
May
59
47%
106
19
Manufacturing Co
46
46% May
9% May
53%
47
*104
Edison Bros Stores Inc common—.1
10
23% July
158% Jun
47
5%
Eaton
-19
14%
59%
47%
104
Saturday
July 10
Far
15 Vs
59%
47
LOW AND HIGH
STOCK
14%
14%
60
47%
29%
100
9
20% May 18
19% May 17
92% Jun
1
14%
14%
14%
58%
47%
106
—1
...
14%
59%
48
104
109
25% May 27
109
14%
59
47%
60o
16% Mar 16
175
360
37 %
16% Feb
13
600
38%
19% Feb 27
47% Feb 28
1,300
38 Vs
Jan
17% Feb
16%
37
54%
38%
Apr
Feb
-
38%
51
Deo
*53
53%
"•
38%
25% Aug
25%
37
53
53'A
38%
EXCHANGE
57%
17%
37
53
18 Vs
36%
"
3,700
24%
Deo
17%
37
>
>f
18
14%
DWG Cigar Corp
Deo
Xl6%
18 Vb
37
18 Vs
37 Va
54%
'
800
14%
Du Pont de Nem (E I) & Co com
20
Preferred $4.50 series
No par
Preferred $3.50 series
No par
22
18%
27,300
15
No par
Jun
42% May
1.800
18
'
14%
Jan
163
17
17%
17%
15
Nor
48% July
198% Oct
16 %
18%
15
19%
42% May
17
17%
15
No par
No par
International
116
8
17
17%
14%
I per share
11
*44%
1/
17%
15
16
14% Deo
•T
46
45
17
*44
*36%
Z
500
17%
44
'■
53%
17% -17%
*36% r 37%
*53%
54%
400
14%
preferred
NEW
44%
43%
common
17
Range since Jan. 1
Highest
44%
43%
16
Corp
Lowest
Higheit
1,100
43%
STOCKS
Year 1947
43%
43%
oommon
Industries
Kanfe for Pmloua
Lowest
43
43 Va
No par
No par
Co
124% Jun
99% Jun
3
43%
25%
*
I
Ltd
conv
43%
*25%
a
Aircraft
3%%
43%
26
No pa?
$4 preferred series A
$3.25 2nd preferred
98
1,600
25%
t
Corp
Chemical
Dresser
25
26'A
13
No par
Doehler-Jarvis
21
25
25%
No par
—No par
A„
Mines
25%
*13%
12.60
Pepper Co
Dow
25 Vs
14 Va
17%
29
13%
25%
*13%
17%
Divco Corp. .
;
Dixie Cup Co common
Dr.
12%
25%
13%
*25%
19%
17
Class
12%
25'A
14 Vs
26
13%
44
Oct
2
13 Va
26
*25%
13%
17
1,600
12%
13%
25%
13%
13%
4,900
11,300
65
*59%
65
25 %
13
13%
25%
17%
Motor
T
*59%
65
*59%
65
*59%
44%
5
-
1
65
43%
Jan
47% Jan
21%
*17%
23
32% Feb
56
21
2
1
14% July 16
Jun
54
21%
2
Jun
Jan
38
58
21
28
Feb
*.
36%
56
21%
Car Co
Apr 21
76
39%
57%
21%
Corp-Seagrama Ltd
41
Feo
36%
54
21%
36
1
partic preferred
56
21%
Deo
91%
; 14
6%
Diamond
Distill
5
r
38%
54%
21'A
5
Corp
Co
Devoe & Raynolds class A
Diamond Match common
16
47% Mar
42% July
114% Feb
Sep
Deo
98%
11
Oct
De Vilbiss
July 15
13
Sep
Oct
55%
34
45
10
Mar 17
19%
,
Jun
Feb
40%
Deo
25
,
46
Feb
.
35%
54%
21%
*13
l
16% Jan
Jan
37
54%
Detroit-Michigan Stove Co
Jun
12% Mar 30
18%
36%
54
Detroit Steel
22 Vs Mar 18
Jan
247/a
36%
21%
13% May 24
Oct
22
50
100
100
26
26%
Oct
17% Deo
com
for pfd
*59%
Jan
V 11% May
for
ctfs
Edison.
Detroit Hillsdale & 8 W RR Co_10Q
16
21
Detroit
20
17%
■;
Escrow ctfs
Escrow
July 15
■
;. 2,200
2,200
14%
5.300
;.
'700
;!♦
1,000
230
^
4%
4%
/i/r 5,000
15%
;
*15%
;33,100
64%
,
16%
65
67
*;
6%
67
6%
6 V2
16%
8%
9%
44%
44%
C%
16%
43
*6 Va
*6
29% 1 29%'
,
10%/ 11%-i
J
48%
43
6%
t/ivioQ
<l/i«.;/20
.»11,600
iAi|l,500
3,100
;...
400
506
-48%
,28% >'"-29%
23,;
■k*i
,:;-r
9
8%
49%; 50 /
!■%
430
7,600
-•
-*19%- /20%""s
'13 % v
:.by
' 59 '
19%
11%
10%
';.,2e%/X27%/
140
30 "
*15%
-«?■>
141% 143
iMOriV
8;%<
271/4
26%
140
'58% .-58%
59
'8%
8
U2
13
'11%
'
,
200
87 '• f
-*86 %
19%
16"-a
3.800
11%
•11%
■■
*86% / 87 1
?.!
850
„
74%,
; 28 '
28
■■/,-, 15%*'" 15%
15%
.200
..
26
*74
,
r 28%
15%
_,?159%il70
'
; I
' 145
-
*57%
••
8%
'^'••*17%"'- 17 %
: ma
■
116%'
116%
'
20%
*74
300
6,300
101%; 101%"'.
103:r,
117%
,
'
74
.
.29
»
203's
11%
28%
'
*17
;
—100
Deep Rock Oil Corp
39% July 15
•
103
.
'
•27.
74
.v
16%
*19%
>30%
*93
2.60
series B
7 %
r
31%
'
-.109
series A
Co
31%
:
'
'26%
•
*140
59
■
8
28%
Preferred 3.7514
&
87
"16%
26%'-27%
Davison Chemical Corp
(The)l~^.l
Dayton Pwr & Light common
1
Deere
/
'
llfi
,117 *
•
11%
11%
-.145 ;
57%
"
30
Decca Records Inc
35% Mar 16
J
180
*86%
*132
Davega Stores Corp oommon
5% preferred —
Jan
Oct
36%
97%
*43%
'
■
103'%-
103 ,.:
:
26%
76
!
26'/a
♦74%
16 /•
11%
.no par
series A
85
"
•
44
"31% •>31%-
103
*86%, *81 >
-15%
15%*
"*19%
20%
Dana Corp common.
17
Oct
"23% k'iij '/s
16
pfd—.109
Cutler-Hammer Ine
Jun
Feb
23 "v;
*42%
:,
29%
1
»
94
46%
23%
..23%
38
'
1
Class A
28% July 14
45%
*23
31%
15%
No par
common
31% July 12
20%
V
•
...
Prior preferred—-
Curtiss-Wright
2
Sep
31
-
Curtis
14
Auff
May
29% Dee
11
33
10%
243'a
44%
-.
29%
15%
*159%
10
—100
■
25
8% July
10%
23%
116%: 117
•
f
75
27% v 29
-
'
Jan
12 % Jun 28
l0%
"
119
Cudahy Packing Co common
4%f# preferred
.Cuneo Press Ine
44%
.
103
:26%
*26%'
109
pfd
;
;31%'
103
116%
No par
non-cum
18% Feb
Feb
*97
5,100
2%
2%
97% /
•
103
Cuban-American Sugar common—10
7% preferred
109
84
23%
12% Sep
270'
4,100.
10% "
24 '.:
3,600
t
170%
38
'
!
•
'4va \'p 4v4
.
97
',31%
■
10%
>•
60"
98
64% >
63%
170%
4%
2%
.,2%
:37
98
23% '■•^-J>23'%"'
23%
/
• ■>:
171-
4 % «
i.10%
y-
38-
.
10%
23%
31%
•
No par
com
preferred..
conv
24% Feb
Jan
101% July
101% July
37%
*97%
64%
63%
*97/
.
'
24% Oct
Deo
-
"24
.44 %"
$2 pre! erred
No par
Crown Zellerbach Corp com
4
$4.20 preferred—^—
__No par
35%
Jan
24
82%
■
/'/•
!
10%
•
98'/4
*170%
v,
*2%'3
98
*23%
-
"64
.
*97%
-.
;
170%; 172 :-y
:; ymvtw. 4%
:'4%'.
2%
-'38%
*97%
"10%
1
'
15
*4%
'>97%' "
.63%
/6.4 'Tv
\ 17,3,
172
'
>.?
.188
America.
,97%'
98%
63'/a
'
4%
4% -
common
of
"*97%•"
172
172
■■
•
preferred-
Creameries
98%
63%
-
■
Coty International Corp.
.
18% May
*97%
100
Products
•
2
.
Deo
Sep
Mar
101
pfd 3 % % ser of 1947
Refining com—
1% preferred
' ■•
•
Coty Ine
- •
■'
1
28% JUA 14
v
i; tI6
17%
Deo
Deo
Cum
Corn
2
Jan
13
13% May 21
87% May 6
17% May 18
,12%
r 82%
,
18
Feb
22 *
21%
22
165
102% Feb
Feb
96
.
91% Feb 24
Feb
130% Oct
105 % May
11
42, Jan
2
26% Mar 16
Mar 19
177'
Feb 13
Feb
Deo
22%
66% Mar 24
6
Mar 16
11% Deo
26% May
97
*
97% July 14
Apt 30
Jan
AU«
8% Jan
75%
195
Dee
170
Jan II
93
-
23
10%/<10%
i-u
v-t
1,100
3,500
*700;
A /% 42^00
•"'»
Number 4717
Volume 168
THE
COMMERCIAL &
NEW
Range for Previous
s
,
/
Year 1947
Lowest
11%
12
Range sinse Jan. 1.
Highest/
Highest
I perthare
I
perthare
14%
Deo
I per thare
Dec
35% Feb
23 % July
16'
9% May
.1.14% Feb
11
Mar 11
8% Mar 11
28% July
Apr
,
Feb 20
11;
42% Mar
Dec
19
20% Feb
10
15% Jun
43
Jun
.
90
Feb
9
Feb
20
Feb
lb
24% Jun
20Vi May
46% May
26%
Jan
18% Mar 17
26% Jun
59%
Feb
61
Feb
53% Feb 28
Feb 11
68
42%
43
107% Aug
104
24
4%ft
1
Felt
9
7
,
4% %
59% July 12
First
20 % July 12
Firth
31% Feb
11
Feb
x98
Feb
26
41%
Jan
30
Feb
26
21% Jan
Power
Corp
14
Food
26%
Jan
22
25%
Jan
50%
Feb
35% Feb
13
22
Jan
10
18
39
Jan
17% Mar 12
24% Jan
5
103% Mar
77% Mar 29
83% Jun
18
8% Dec
5% May
18%
17%
conv
7% Feb
11
12% May 18
10% May 21
10% May 22
Sugar
Franklin
.
Gabriel
Co
Feb
12% Feb
27
Gamewell
Feb
13
17
Apr
23% Jun
24
18
16
Gardner-Denver
5% Feb
11
Jan
5
Dec
18% Feb
13
Oct
11% Feb
13
109
Jan
58%
102
Oct
Dec
30
13%
185
99% Mar 24
Oct
Dec
50% Mar 11
100% Jan
Feb
July
6
8% Feb
146
28
Apr
1
9% May 20
45
May 20
26% May 4
18% May 15
105% Jun
30
63 Va May 15
6%
Gar
159
Jun
Wood
General
$8
Amer
pit
11
15
July 14
71
Apr
Sep
83% July
47% Feb
73
Apr 22
34% Mar 10
82
Jun
37
23%
Dec
33
Feb
20% Feb
27
24
137
Dec
160
Jan
7
144
32
May
397/a
Feb
31% Mar 11
43
May 27
General
Electric
34%
Dec
45%
Jan
34
41
Jun
General
Dec
96
Jun
2
13VsJun
17
General
50% May 15
123 % Jun
2
General
Aug
16% Mar
88% Jan
40% Feb
123
Dec
100
Dec
131%
Feb
*122
9
2
Mar 13
1^.
118% Feb 25
Feb
Feb
97
10
4%
23
Jun
24
conv
7%
129
Mar
119% Feb
19
125% Jun
1
Dec
107%
Sep
93% Feb
17
99% Jun
14
13% May
18% Oct
19%
Jan
12% Mar 17
17% Jun
10
20%
Dec
16% Feb
11
22% July 15
General
13%
26
Feb
14
3
Gen
.<
Dec
Mar
4%
Feb
2% Feb
13
18% May 27
4% May 21
Dec
-16%
Jan
11% Jan
22
15% Jun
May
31%
Feb
21% Mar 16
2% May
11%
19
125
.
140
Oct
3% May
18% May
26
Feb
6%
124
May 12
4% Mar 11
Feb
29% Oct
36%
May
22% Feb
Jan
Feb
25
101%
Apr
26%
Dec
35%
Jan
Apr
30
Feb
22% Feb
Dec
108
Apr
40% Feb
13
98% Apr
19%
95
124% Jan
21% May
85
Deo
Nov
110% Feb 13
24% Jun
90
21
49
17% Feb
14
25
Gimbel
103
30
58
Sep
48 Y» Feb
Feb
4
Jun
Oct
113
33
Feb
19% Feb
71%
Feb
July
47% Mar 16
94% Mar 11
Feb
38% Mar 17
96% Mar 18
16% Feb 11
Dec
41%
Dec
95
Dec
109
Aug
13% May
24
Jan
Oct
Mar
22
103
May 21
».
Jun
16
47% May 20
104% Jun
3
23% Jun
14
5% Jan
2
8% Apr 23
41% Jun 21
11
33% Jun
33
Jan
24
Feb
16
31
107
Mar
90
Feb 26
Feb
28
Dec
37%
Feb
29
12
Dec
17
Sep
12% Jan
49%
Feb
20
Dec
27% Mar
133;
Dec
163%
Jan
69
May
70
Feb
'29%
Oct
9% Mar 16
Mar 27
19
99
14
May 26
40
109
*1051/8
10%
11
*1551,4
156
*12 Vs
13V2
4%%
Co
conv
Gold
■
4
14
Mar 16
17% May 17
Feb
5
13% May 17
91% Apr
16
Feb
X22% July 15
b% Jan
95
Dec
6% Mar
85
,
Feb
9
7
98
Jun
4
25% July 12
9
Jun
14
96% July 13'
14% Feb
12% Feb
11
20% Jun
23
51
44 X
10
58% Jun
16
Dec
Feb
76%
Dec
67% Feb
16%
Sep
14
Jan
10
3
81
Jun
18% July
21
9
15
14
14%
80 %
14
14 Va
15
14V3
*79%
15,600
90
'
80
80 %
80
80
80
80
79%
42
41%
42
42V4
44'/2
43
44%
43
44
23
22%
221/4
22%
23
22%
22%
22
22
133
133
52,400
79%
41%
2,100
"
133
133
133
133
133
•490
2,500
900
39
39
38%
33%
381/4
38%
36%
38%
38%
33%
*93V2
95
*94%
95
95
95
133
*94%
95
*94%
270
*
'95
38,000
'
5,100
500
-
12%
12%
12%
12%
12
12%
11%
12%
11%
11%
5,200
48%
491/4
48%
48%
48%
48 '/a
47%
481/4
47
48
2,100
100
125%
125%
107
107
126
*125
126
125 '/4
125V4
107'A
125%
*105
*105
107V4
105
105
10
64'4
64%
63%
64%
63%
64%
123V4
123 V'4
*122%
124 %
122 Va
122%
No par
211/4
•
:
lOe
;
15%
15
"
-
22 Va
22 Va
22V2
15%
141/2
15
151%
4 Va
4
127
15%
4
"•
1.
•
5%
30 V'4
j
4
4
14%
14%
25»/2
28
4%
1261/4
5%
30
30
X28
28V4
127
25Va
5%
5%
30
28
128
126%
127
5%
61
900
2,400
16%
221/4
16%
16%
22%
22%
21%
15%
14
<
4
3%
<•
13%
14V4
24%
25'/a
127
5%
*126
5%
29%
28%
28
26%
15,100
'
5,500
>,.
127
5%
30
*27
28
2,700
14%
251/4
*126
6,000
4,000
4
3%
14
\
5%
10
6,600
29
2,400
26%
1,000
125%
126%
125%
25%
25%
25%
25%
25%
25%
25%
25%
"25
25%
4,900
27
27
27
27%
26%
26%
27%
27%
28
28V4
3,300
1011/2
*100%
101 »/2
*100%
101 Va
26%
26%
127
.
*100%
101 Va
127
*100%
126
123
*100%
27%
26%
25
90
♦88
90
*87%
89
*87%
89
87%
82
*80
81%
*80
81
*80
81
_10g
*80
27%
26%
t per chare
9 perthare
No par
STOCK
No par
•
EXCHANGE
34%
34%
34%
35
92%
92%
93
93
21%
21%
2IV4
21%
*81%
26%
26
*54 %
1
5%
57
5%
119%
*117
—18
22 »/4
22%
(BP) com
-Nopar
$5 preferred
No par
Goodyear Tire ft Rub com—No par
.61 Va
*102'/a
102%
44'/a
451/4
-No par
621/4
25%
25%
57
*117
62%
*117
119
6.000
87%
/
40
■
w—-
62%
45
*102%
103
103
♦21
20%
201/4
89
25%
*82%
26%
200
25%
56%
*5%
119
9,600
84
24%
5%
5%
22
4,200
21%
*541/2
57
5%
Bharee
34
94
21%
*117
22%
21%
5,300
1,500
119
22%
2,600
61%
62%
60%
61%
102%
102 '/4
102 Vi
200
43%
12,300
44
44'/2
*102%
21%
4'/8
4%
33%
*102%
103
44 Va
20%
■alee fer
the Week
*91%
93
*117
22%
♦1021/4
44%
4'/4
26
81
1 per thare
34%
*54%
5%
62V4
62%
x20%
101 Va
FrMe*
July 15
*81%
57
22»/a
103
44V3
440
July 10
Thursday
34Va
26 V2
5%
23
103
*80
tperthare
*91
89
*541/2
II91/2
221/4
102%
4%
4 Ve
Va
5%
5'/2
21
20%
Graham-Paige Motors
Granby Consol M a ft P_
*81%
103
103
Hosiery—.—No par
90
26
*54%
88
50
100
$ perthare
thare
21%
*80
No par
I per
35 V'4
21%
-No par
July IS
95
35
*91
CLOSED
Wednesday
July 14
Tuesday
Meuday
July 12
26%
125
HIGH BALI PRICE!
LOW AND
Saturday
July 10
—
700
s
"14%
25'/a
83 Va
Inc
33,100
96%
16% Z
<■'
122 Va
96%
26%
.
'
'63 V'4
122
98
•
common.
200
641,4
———100
com
160
105
14%
v14%
25
30
,
125
'
25%
*1261/4
5%
29%
27%
J
Xl4%
15
25%
*126'4
-2W
217/a
■:
124 34
*103
122 Va
97%
16%
25%
1
62%
122
*16%
,__10o
;
98
16% r: 16%
14%
B
No par
—:
100
97V2
97%
16%
16%
No par
98
98
98
No par
Co
1
4 V4
43
103
21
102Va
211/4
4
20%
41/4
4
3,100
102%
400
21
1,100
41/4
17,600
?
7%
7V2
*7Vo
7%
71/4
7
7
No par
*39Va
39%
39 Va
391/8
39
39'/4
*38
39
39
39
400
City Steel—
No per
Grant (WT) Co common.—£—.1
32%
32%
32%
32%
32%
32%
30
32 »/4
2.9%
30
2,500
28%
28%
*28%
28%
98V2
*98
98%
Grand
Union
Co
Granite
3%59
28%
29
98
98
1
13
13 Va
pfd_—.^No par
38
38
preferred—
;
T
Orayson-Roblnson Stores
$2.25
cum
oonr
eom
JOg,
10
10
12%
10%
156
40 Va
27
14
12%
100
132%
Feb
Dec
10%
*154%
131/4
12
39%
Apr
12
10%
154%
12
132%
60
9
*
10%
156
12
—^
2,100
40%
132!
40y« Jun
I
*
54%
105
1
(The) com—
preferred
$5 preferred
* 109
54%
*103Va
154%
156
12 %
156
13%
55%
106
23
Great Western Sugar com——No par
17
10%
xlO%
11 "a
10%
*1541/2
*12
12 Va
55V4
*103
40 Va
50% May 15
27
55
106
40%
23% Jun
Jan
55
*103
40%
11
77
55
103
'40%
Brewing Co
3$ Stock Telegraph Co
Gotham
109
55
40'4
22
145% Jun
700
'
40%
Jan
1
*
40 Va
36% Feb
15% May 21
%
103
56%
105
B
20 /
21% Mar
m 4% May
78
May
8% May
31% May
(
67% Apr
>
13% Deo
: >!
;
' " :
*105 Va
Goebel
July 14
29% Feb 21
105%
109
Gt Nothern Iron Ore Prop—No par
Ot Northern Ry 6%
pfd
No par
i *
Dec
*105'/8
*105 Va
109
55'4
*103
60
$4.50 preferred
Glldden
Jun 15
13% Jun .1
35% Aug
Dec
Brothers
Goodall-Sanford
Feb
July
*105%
5
Goodrloh Co
18
:
7,200
preference—
conv
24% May 17
21% Oct
-
$5
64
14
34% May
'
121 % Apr
17
14%
>02
9
5% Feb
Dec
9
Jan
6
25% Feb
Jan
Z May
14%
18
3% Feb 27
8% Mar
9
v
1
Mar 10
90
'■
27
7
124
12% May
23% Dec
4,100
17%
Far
Feb
8%
23 Va
16%
—No par
Gillette Safety Razor
41
42%
23
18
—
39% May 21
96% Jun
2
Dec
42%
24
17%
Corp
preferred
preferred—
26
Jun
43
23%
18
Oen Tire ft Rubber Co com
13
May
43
24 '/4
17%
i
Apr
99%
3
44
24
17%
100
Corp
90
61%
44
24
£
27% Feb
106
44
tper share
3
8,700
I7V4
EXCHANGE
May 18
55% July 6
8%
24
NEW YORK STOCK
28
8 %
44%
a
STOCKS
85% Jun
9
No par
Refractories
Highest
Mar 17
1,200
17%
Castings $6 pfd—No par
Telephone Corp
20
Oen Time Instr Corp com—No par
4%% preferred
.1,00
Range slnee Jan. 1
Apr
400
20
23 3
Steel
3%*
Jun
5%
Gen
82% May 19
21
600
17 Va
20
44 Va
General
72% Jan 23
?
31
General Shoe
4%%
.Dec
104%
12
Jun
79
5,600
17'4
No par
100
Corp
Jan
51% May
6% May
-
31% Jan
May 12
Jan
1.000
9
18%
No par
No par
Realty & Utilities
30
26% Nov
*16%
130
%
8
8%
3,000
23 Va
No par
com
Dec
Dec
600
*
<
44
5
Cement
Equip
86
Dec
22%
81/1
21
8%
11%
1.66%
com—
Utilities
General
May 15
21
1,400
21%
171/4
*17
700
-300
v
b'J'/a
18%
9
40
,
9
21
Va
8
60
•
2,600
«
45
83
/
18 Va
8%
60
XlOSb
22%
181/2
9
8%
9%
9
*8%
447'a
/>.
V
13%
*13Va
84
8%
9
18%
No par
36%
17% May
♦1£'%
18%
21%
8%
8%
9
9
*18%
3,100
,/-V
33%
24 Va
10%
10%
*83
5,-700
42
'
9
13,000
com—1
com
105%
Dec
85
Gen
90
$ per thare
*8 %
8%
8%
9%
18%
—
Service
14
Lowest
83%
4
103
*24
14
.400
1
f
No par
Railway Signal
t% preferred
14
I per thare
23% May
6% May 24
17
22%
83 %
V
W"
32 »4
45%
45.%
11%
22 Va
11
914
series
Portland
30% Jun
101% May 22
*10%
84
41%
103
24%
!
*6%
45%
22%
22%
*83 Va
8%
8%
9
45
9'/a
Advertising
Precision
Public
2
83
9
x9
1
Co
$3.75
Outdoor
10
Highest
f perthare
Gen
22% Feb
Feb
11
23 %
'
9
45%
xll
11
22%
82%
18%
"
com
com
Motors Corp
Public
11
:14
9
17
preferred
Gen
8
14%
141/4
45%
21%
Instrument Corp
Mills common
Gen
July
*14
.—100
Oen
130
14*4
-•»
<
42%
*24
17
preferred
Corp
preferred
Preferred
85
Ban re for Previous
Year 1947
Lowest
$S
Jan
98
.
2nd
24
29% May 18
30 Ye May
6
28
General
Feb
108
81
.
11
241/4.
21
preferred
May 18
128% Jan 29
29
24
17
preferred
3%% conv preferred
Dec
50% Mar 16
35
21%
5%
Jan
Feb
104
34 %
17
preferred
$3.50
3
65
1st
4%
61%
65%
41%
*102%
21%
common
General Cigar Co Inc
120%
94
41%
103%
16%
Bronze Corp
General Cable Corp com
21
Jun
41 Va
103%
21 i/a
General
44% July 15
108
11%
24%
No par
Foods
87
54% July
31%
11 '4
24 »/4
No par
9% Feb
103
15%
30 Va
11%
*15%
400
4,300
—100
Baking Co
Feb
Dec
-15%
32%
11%
16%
preferred
14%
May
15%
31
12
21%
Transportation
May
10%
15 Va
32%
11%
No par
series A
8
43
15%
31%
41%
80
'•15%
24 Va
91/4
13,700
/;
/-v1
■
"
$4.25
1
8
15 Va
11%
No par
$4.50 preferred
General
14% May
Mar 19
15%
*24
14%
3,800
102 Va
15%
103
.
38%
37%'
*102
15%
35
1
General American Investors
9% Mar 17
Jan
38%
32%
40%
45-%
300
^600
19%
32 %
33 %
1
com
Inc
;
4,200
V
58 Va
19
323a
34%
*9%
58%:
19%
32%
•34%
14%
400
V.
107 Va
31%
103
45%
1,300
24
32%
34%
100
Industries
Jan
,132% July
15%
500
50'4
11%
103
1
Co
18%
2
15%
80
V
58%
38%
5,100
63
-
*106
102%' 102%
34
10
(The)
Dec
Jan
15%
,
41V4
*101 Va
20
11
3
32%
58%
19%
25
preferred
Co
39%
102 %
32%
107
10
No par
4%% conv preferred
Gaylord Container Corp
106
May J 2
11 Va July 13
Co
(The)
(Robert)
Gair Co Inc
5
Feb
41
100
preferred
Jan
16
Apr
.—10
Froedtert Grain ft Malting Co Inc_l
Co common
1
20
23%
Dec
(new)
pfd
Stores Corp
Sulphur Co—
cum
38%
*101%
32%
23%
49%;
•
2,900
.
21%
*15 Va
11%
Fruehauf Trailer
4%
40%
102 Va
15%
32%
11%
Freeport
18% Mar 23
22% Dec
Nov
15%
16% May 21
43% Feb
9%
cum
39%
*32V4
•
15'/a
15%
20
15 »/4
%
32%
10 v; May 15
47% Jun
1
10% May
149%
Machinery Corp
3%%
32
1
Francisco
0% Mar 16
Oct
107
97
62
.
50%/
1,200
V
.
30%
*21 '4
64
50%
107%
*101%
v
102
.'i>
—10
Mar 16
Feb
*107
51%
"
40%//
39%
—No par
Foster-Wheeler Corp common
6% prior preferred—
Jan
97/a
A
Corp.
38% May 21
25% Jan
5
26% Aug
14% May
48
Steel
17%
12% May
14% May
4% July
100
8hoe class
12% Feb 26
Feb
10%
Floraheim
21
Jun
*101
105
6
Dec
Dec
*105%
_7%
21
Dec
107 3/a
107 %
51%
Florida
Jun 24
Jun
18%
24
*63%
51%
107 %
No par
47% Jun
77
*24
24%
*63% >64
24
63 Ve
50 Va
♦32
32%
6
24%
63%
52%
102
14
May 27
Dec
,
24%
64
52
Florence Stove Co
42s/a Jun
91
8% Apr
24%
*63%
10
-
97
97 Va
/V!
17%
30%
■
8,100
'200
40 Va
9 Va
-
22
3(Jt'2 May 26
X104
Food Fair Stores Inc
May
11% Nov
21%
591/4 ■•59'.4
Follansbee
"36%
21%
19%
12% May 24
•
97 Va
21%
.
59V4
40% Jan 12
12% May
97 Va
22%
98
20
9% Mar 17
3
98
*21%
19%
14% Mar 19
23% Feb 11
24
98
%
17 Va
10
31
59%
Feb
27
*9%.
20%
Dec
Feb
10
30%
59 V4
Aug
Feb
30%
*24
Stores—73
15%
24% Feb
9%
••
30%
Biuret
14%
*40
17%
22 Va
(The)
40%
89
•••
14
41 %
17%
*97%
100
Jan
33
10%
v
30%
19%
15*%
July
t
59%
13% Feb 21
110
•
15 Va
*40'/i
18 Va
*21%
Co_
May
19% May
237/a May
30%
17 %
30%
97 Va
No par
preferred
National
10
10
30%
*
17%
the Werh
July 16
I per there
xl4%
.15%.
4i>;f'l4i/*r-
41
17%
10
14%
14%
*40%
No par
17% Jan
May
1.8
i
preferred—100
Mfg
9
14%
15
41) Va
18
CLOSED
fet
false
Friday
July 15
Carpet Co___—No par
Flintkote Co (The) common—No par
$4 preferred
He par
24
Dec
14%
40%
-
Thursday
I per there
$ per there
perthare
14%
i
EXCHANGE!
10
14% Feb
110%
STOCK
$
>
July 14
July 13
f per share
•.
3«
49% Mar 16
Dec
8 per there
_—No par
Firestone Tire ft Rubber com
Jan
May
Tarrant
1
8
_
Enamel Corp
Fidelity Phen Fire Ins N Y
29
107% Jun
convertible
ft
LOW AND HIGH BALE THICKS
Wednesday
!Tuesday
July 13
Ferro
May 28
Jun
Dec
39% Oct
May
18
Jun\ljr
62%
30
13
99%
21%
99
.1
Federated Dept Stores com-
Jun
20
Corp.
Mimug ft (smelting On-
Federal Motor Truck
26%
51% May
14% May
Federal
12 Va May 18
107%
14
Fedders-Quigan
3
31% May 14
Deo
Feb
Far
18
.
Monday
July 10
Federal-Mogul Corp
Dec
Sep
.
(261)'
RECORD
Saturday'.
*
STOCK
EXCHANGE
.
20% May 22
97%
104
YORK
STOCK
..
t per thare
SO
Jun
NIW
/ Lowest
MoT
16%
YORK
,*STOCKS /V
FINANCIAL CHRONICLE
preferred
';
—r-,108
Green Bey * Western
Green (H L) Oo Inc
Grumman
Aircraft
Ouantenamo
$5
conv
12%
1,000
40
391/4
391/4
300
40
40
*39
14%
14%
14%
14Va
14%
14%
14%
14Va
46%.
47 Va
46%
47%
45%
47
45'A
46
6,000
21 Va
2lVa
21
21 'A
21'/a
21
21
21%
3,100
%
143
*142%
143
*142%
*142%
143
143
72
*69
143
142%
72
*69
39
x38%
38%
38'/a
38%
37%
38
*15'/a
15V2
*15
15%
*151/4
15%
15
15 Va
12Va
121/4
12 '/a
12%
121/4
12%
12%
I2V2
*94%
95,V2
25%
*94%
95%
94%
94%
95%
95%
25V4
24%
25
7%
7V4
7%
71/4
3
100
f
'
new—„ 10
preferred
No par
25
'
Ne par
*'
•
}
7 Va
*96 V<
25
96%
98
19%
57%
78 »/4
77%
18%
"
191/4
56%
77%
-
"■
19%
56%
;
<f-
■:
Gulf Rtatee WMlitles Oe_—
90
21%
38
Gulf Mobile .ft Ohio RR com.No par
$5 preferred
No par
0
47%
*69
Corp
3,400
•
14%
——1
—
•'
281/4
97
12%
21'/a
Sugar common——1
Oulf Oil
28Va
97
13
47
.
Corp—No par
Greyhound Corp (The)-—
preferred
28%
*12%
72
—
600
98
13
RR——100
Common
-v
98
12%
40%
*40
6%
281/2
12%,..
12%
6%
14 3
•
a
.
'
Greenfield Tap ft Die
4%59
*98
7Va
18%
18 Va
♦69
96%
.
72
X22 Vt
71/4
37 %
*15
12'/4
*95
24
6%
96%
96%
*69
*96%
142%
2,000
60
72
37%
1,100
15%
500
12%
31,700
96
50
22%
97
23%
11,300
6%
7'/a
6%
5,100
*96%
2OV2
19%
20%
18%
19%
'57 Va
57%
57%
56
57
78
77%
.* 77v/a
76'/2
77%
181/4
17%
18%
17%
18
18 Va
97
120
19 Va
24,200
*54Va
56
700
73 f.."
18
75
11,900
18 Va
13,400
H
32% Dee
r
39
Jan
81
14
Jun
19%
Feb
12% Mar
9
13
Dec
19
Jan
13% Mar
3
87%
;
■
112
Deo
162% Dec
19% Apr
148% Oet
38% May—
Feb
79
Feb
10
Mar 22
108%
Sep
*101% Feb
10
37%
Dec
21% Feb
24
7
160
•
Jan
147
.Mar 24
39% Jan* /: 37% MarlO
35
Apr
10
16% May 22
*14% May 21
Water.
*33
Hall (W F) Printing Co—B
Hamilton Watch Co eom
No par
89
Jan
12
419
107 V
Jun
16
Henna
27% Jun
9
150% Jan
eenv
—100
(M ▲) Co $4 25. pfd—No par
Harbleen-Walk Refrae eoai—No par
28
619
34% May 15
Hart,
preferred
;
.
.100
,
footnotes;
see
page
24. ';
Vei08%
-"*146 % 152T
'
Eehaffner
ft
13%
...1#
*31
15 Va
15%
13%
26%.; 26%/.
.,
"33
34%
15 Va
,
84%:
84%
'106
"33
15%
14
'
preferred
—
For
34 %
15%
*13%
'
31
Va"
(u
* Rd
8484
:'
"10o%- 106%
26V£*. 26.%. "J
146
*146
31
153
15T
31%
34 Va
15 Va
*13%,,: 14
u
'
*84
.
*
34
27%]
13% "«.13%
\ i * ■'
84.-J-; .84
/■>>:.
31
r
84/.
"106%
J7
106 Vb
106%
...
30%
34
14%
14
27Va
146Va. 153.1—.*146% 153
31
*33
15 Vt
15%
*13%,
«s. •.
85
*106Va "l0634-i
26%'./;
*33
31
•-
15 Va
1C6'
2,000
280
26% i 26Va
*146 Va 153
*
4,009
^
■>**>■■
-30%
30%"*
400
.10
8
h
50Q
17
M
THJE
(262)
COMMERCIAL'-&
Range for Previous
*
t per
10%
Apr
Dec
May
5
11
Hayes
Oct
6
Ma Feb
11
11
10
Hayes
Mfg Corp
X20
1033/4
Apr
42% Feb
108
July
49 Mi
Nov
68
165
Jan
22% Feb
14 Ma May
?7M* July 12
27
91
Jun
25
35 Ma
Apr
13
42
;Jan
2
95% Jan
23
103
51 Mi Feb
62
7
153
.14 % Feb
10
Sep
20
Feb
46
Mar
121
38
Sep
Oct
118
63
134
134
Sep
29
Sep
Ma
Mar
21
114
Feb
123
27%
Jun
14% Dec
Jun
33
22 Ma
Apr
10 Ma Apr
Mar
x29 Ma
Nov
19
25
2
Hilton
Jun
1
Hinde & Dauch
25% Jan
2
Hires
3M2%
cum
(C
E)
Jan
21 Ma Feb
29% May 20
Holland
Oct
13% July 16
16 Ma May
17
Hollander
Jan
15 Mi Feb
30% Jun
28
35%
Jan
48
Jun
42 "Ms Feb
24
30
Nov
36
Dec
Dec4
28 Mi
1
Houdaille-Kershey
36
Oct
29 Ma
Feb
34% Jan
2
Household
Ma Sep
88
Mar 30
94% Jun
7
3%%>
Mar 12
46
Jun
38
28Ma
Dec
Dec
29
Feb
3
11
23
Jun
47
Jun
2
7
9 Mi
13% Mar
7% May
Apr
7
HoWard Stores
Howe Sound
6
43 Mi
Feb
34% J^n
20
21 Ma
Oct
14 Mi Mar 17
15 Mi May
30
Jan
7%
3% May
15 Mi
Feb
3
Hudson
19
July 15
5%
3
<fe
•
19
53 Mi
52%
126
125%
18 Ma
100
50
62
300
52 Ma
3,509
53
126
200
28
28
28
23
28
122 Mi
122
122 Mi
123
123
123
123
123
123
25%
*25
25%
*25
25 Ma
25
25
24
24
*209
25
25%
24%
25
25
24%
2 5 Mi
24%
25
3,500
*82%
84%
*82 Ma
84 Ma
11 Ma
1,100
180
<.
'
24%
84 Ma
*82 Ma
11%
*82 Ma
.
84%
11%
1
21
21
28 Ma
29
28%
*13%
14
*13%
20%
11%
32
33
20%
*33
11 Ma
33 Ma
1.1%
34
5
20 Mi
20 Mi
19
28%
27 Ma
28%
28%
14
11 Ms
11 Ma
11
84 Ma
2,200
11
33
*31
*19
200
•3
19 Ma
*31
19 Mi
27 Ma
28
1,600
1.300
28
14
14
14
13%
13%
509
29
29 Ma
28 Ma
28%
28%
28%
28
28
27%
27%
2,800
37
37 Mi
37 Ma
37%
37%
37%
37
37 Ma
37
37 Ma
3,200
34%
34%
34%
34 Mi
35
No par
35%
t
Corp
•
16%
42%
32%
32%
*92 Mi
443,,,
44 Mi
35%
32%
*32%
93%
92 Mi
*44 M4
44%
44%
34 Mi
35%
.
35%
34
Mi
16 Ma
33 Ma
1.000
16%
16 Ma
2.900
*40 Ma
41 Ma
100
32%
32%
32 Ma
600
92 Mi
92 Mi
92 %
44%
44 %
44%
34 Ma
*41
*92
44%
36 Ma
17
41%'
32%
93 %
35%
*33%
16%
41%
32%
93%
*44
25
c
16%
*41%
1.6%
*32
No par
v
*13%
*92 Mi
100
.
Texas
33 Ma
34
34%
16%
42
33
1
21%
21%
20%
20%
20%
20%
•*20
21
20 Mi
5
45
45
44
44 Ma
43
43%
42
43
41%
43
100
5
4%
50
500
9,800
20 Mi
^
common
___
Co
preferred
non-cum
703
18%
*125 %
53%
123
'■
143
28
*82 Ma
5
com
Manhattan
5 Ma
5 Ma
5%
5 Ma
4%
4%
*4%
600
2,900
900
4%
—.100
12
12
12 Ma
12 Ma
*11%
11%
11%
10%
10%
700
Hudson Bay Min & Sm Ltd
No
par
44 Ma
44%
44 7'8
44 Mi
45
44%
44%
44
44 Ma
Hudson
44 Ma
6.200
10
No par
20 Ma
21 Mi
20 Ma
20%
20 %
21 Ma
20 Ma
2 1Mb
19%
20%
19,700
16
16
15%
15 Va
15%
15 %
15 Ma
15M4
Motor
8
Hunt
Foods
May 17
Hupp
Car
Corp
Apr
5
53
125%
61
*148 Mi
25
45 Mi Jun
22% Jun
Mar 16
13
•
14% May
5
May
12 Ma May
33
Finance
9
Mar
19
*98 Ma
143
19
*148 Mi
28%
*33
Co
Houston Light & Power
31
19
100
61
61
150
303
400
*25
1
1
*98 Ma
100
62
*143 Mi
I B Mi
39%
39%
4,300
22
28
42
Houston
Jan
99%
*61
62
150
IS Mi
29
I6M2
10
Feb
*61
*148 Mi
19 Ma
*41 Ma
of
101
*100
10
preferred
Oil
•
39%
39 Ma
39%
150
50
22
4 Mi Jan
40 Ma
No par
Jun
19
Feb
*39 Ma
122 Mi
,
!
7%
May
39%
40 Ma
com
38% Jun
33
38% Mar
31 Ma May
91
preferred
conv
11
20%) Feb
*90
53%
_..100
Hooker Electrochemical
9
14
45 Ma
91
*90
21%
..12.50
35% Jun
18% Jun
Jan
91
5
46 Ma Jan
16%
*90
10%
—__10
Mar
37 Ma May
91
"*
126 Ma
(A)
Feb
$2,25
*90
52%
(Del)
& Sons
105
Dec
20 Mi
Furnace
14
26% Feb
91
126 Ma
l
36
L56
Jan
85
Jun
'
25%
*28Ma"
5
Feb
19% Feb
13% May
44
37
*26%
*19
,
Holly Sugar Corp
Homestake Mining
5
26%
53 %
The
20 Mi
14
22
26%
126 Ma
Paper Co
25
17
21%
27 Mi
53 Mi
Corp
May
21% May
14% May
9%
22%
*26%
*148 Mi
No par
5
preferred
Hotels
Co
10%
22 Ma
27 Ma
*125 Ma
Corp...
13,700
10%
22%
100
inc——L_;
Chemical
9%
10 %
22%
'*39 Ma"
.No par
preference
1,200
10%
No par
i
20
9%
*26%
62
com—
200
7
76
22 Ma
*90
,_No par
Shares
9 Ma
27 Mi
101
i
*6-Mi
*74 Ma
9%
27 Mi
*61
14% Jan
1
.
11 Ma
*100
commen
9 Ma
9%
7%
76
76
77
9%
22 Mi
11
100
;
*6%
7%
*7
*76
9 Ma
the Week
July 16
J per share
9%
10%
25
37
July 15
31 Ml
:
28
Heyden
7
77
1
Hewitt-Robins
2
7
*76
__100
9 6 Ma. Jun
19
Dec
Jan
7
77
9%
July 15
J per share
for
Sales
Frldav
Thursday
<
$ per share
t per share
Monday, July 19, 1948
PRICES
Wednesday
July I t
7
9%
l_a25
preferred
SALE
HIGH
AND
Tuesday
*76
CLOSED
prcierred
Powder
conv
STOCK
EXCHANGE
common
W)
preferred
$4
\
iks-i,
July IX
t per share
100
Hersney Chocolate
28% May 20
;79Ma Mar 22
10%
5%
I per share '
5
Motors™
Hercules
,
15
common
non-cum
Hercules
July 14
4
Co
cum
(G
7%
10
9
18 Me Mar
26
v
J)
3.65%
Helme
1
30% Apr
Mar 22
21
Jan
2
(H
Monday
July IS
]
co. common
preferred
Heinz
July 16
Jun
1
3%%
22% May 21
57 Mi Apr
6
128 Ma Feb
2
9
Feb
27 Mi Mar
Hecm
May 28
9
Jan
140
___1Q0
Hazel-Atlas Glass Co..
5
14
Jan
Dec
29 Ma
Mar 10
78
Dec
50 Mi
126
Ma Jun
26 Ma Jan
21 Ma Feb
Jan
Dec
Dec
l
pr alar red
Industries Inc
4%*
"Saturday
July 10
of Amer class A
Jan
10% Jun
140 Ma
X95
Hat Corp
,7% Jun4
79
35% Jan
30% Jan
May
35
24
11
9%
Dec.
22
:
Par
6% Feb
4% May
90
LOW
STOCK
t per share
Mar 16
73
YORK
EXCHANGE
Feb
12
May
25
6 Ma Feb
Feb
100 Ma
Dec
6
NEW
Highest
$ per share
$ per share
6 Mi May
75 Mi
Lowest
Highest
share
CHRONICLE
STOCKS
Range since Jan. 1
Year 1947
Lowest
FINANCIAL
Jun
11
14% Jun
35% Jun
6.66%
15%
15 %
1.709
3%
3%
7,600
*13%
13%
700
1
3%
No par
13%
XO
34 %
34 Ma
34 Mi
34%
34 3a
Illinois Central RR Co com:mon__10o
41%
42 Mi
407'a
42
41 Ma
42%
40 Mi
42%
39-/8
41
21,200
87 Ma
87 Ma
88 Ma
90
*89 Ma
91 Ma
88 %
89
87
87
1,300
Hussman
16
27
Inc
12-a
24
Refrigerator
Co
4 Va
4
14
3%
4Mb
14
*13%
13%
4
3%
13 Mi
13%
4
13 %
I
30
39% Aug
Dec
30 Ma Apr
18% May
32 %
27Ma Mar 16
42% JUly 14
37 Ma May
93
Jan
64%
Dec
62 Ma Feb
90
97
15
26%
Aug
Dec
May
Jan
lY%
x21
95Ma Mar 16
37 Ma July 12
22
180 Ma
42
Feb
56
10
28
Feb
Jun
160
Jun
11%
11%
11 Ma
11%
24 Ma
24 Ma
24%
24%
13%
13%
*13%
13%
i
50
51
Ingersoll-Rand new-common.No par
6%
preferred—
_—_100
*73
74
*155
160
11
25
—
15 Ma Feb
11
6% Feb
11
21%! May 27.
8% May 24
23 Ma May 15
Inspiration Consol Copper
Insuransha res Ctfs Inc..
7
Mar
'May
5
95 M2 Apr
Feb
15 Ma July
103
22
2 Ma Mar 10
11 Ma Feb
Jan
10
11
174% Jun
11
10%
Feb
5% Feb
11
34%
Oct
23% Feb
11
76
96
Jan
74
Dec
Dec
Dec
5%
Feb
137
Dec
59% Oct
Dec
107 Ma
Sep
:Jan
34% July
2
42% Mar 17
86
>
Feb
28
9
May
16
Feb
104
Dec
116
Feb
89
Jun
28
52 Ma Jan
9
2
Preferred
1
International
98% Jun
9% Mar 19
-
14
•
Int'l
*4
21
46%
Apr
58%
Feb
24
64
Jun
45
Dec
39% Mar 16
45
Jan
1"
63%
Oct
43
Mar 12
65% July 12
40
Feb
30
Mar
17%
Feb
11 Ma Feb
11
16% Jun
173/a
Feb
11% Feb
11
26 Ma
Feb
17MaMar
16 Ma Jun 24
26% May 27
Jun
9 Ma May
9% May
Apr
May
27% Oct
Jan i
151
Aug
9
22% Mar
29 Ma Feb
35
4
137 Ms Jan *16
I per thare
tper share
Jun
13 V*
t per share
39Ma May
Feb
■! Mar 16
7
24% July
104% Feb
53 r Jan
Dee
Dec
82
19% Jan
9
May 15
39 Ma Feb
18
,
$
per
20
20%
20
20 V8
4,800
3
i
v
Jacobs
48
Jewel
May 28
Dec
104%
Sep
92
Feb
13
99
Jun
46%
Oct
34 Mi Feb
10
42% Jun
11
Dec
125%
Oct
100 Ma Feb
11
113% Jun
9
Tea
3%%
May 11
•
3 Ma
;
34
ctfs
8%
8
8
6,700
*35
35%
35
35
33.
34
2,600
88
*87
87%
*87
88
83
88
*87
88
4%
4%
62 Ma
*98%
61
98 Ma
93 Ma Apr
98%
43 Mi Jun
1
14
Jun
22%
Feb
14
Feb
11
21
May 20
108% Mar
90
Feb
17
98
May 11
4Ma
4''4
4
100
4 %
2.600
*98%
31 Ma
42 Ma
31
32 Ma
20,000
*98
140
260
60%
9,300
99 %
200
2.200
11%
11%
11 Ma
11%
11 Va
11%
11
11%
93
94
94%
94%
93 Mi
94
93
93
60
61
*60 Ma
61
43%
43%
*42 Ma
*43
25
64%
65%
64%
*33 Ma
35%
*33%
16 Mi
15%
par
15%
25 Ma
SOo
42 Vi
60
60
35%
*15%
15%
16
24%
24 Ma
34
34
34 Ma
34 Ma
38%
38
38 Mi
39
141%
*140
141 Ma
140
140
Monday
I per share
STOCK
8%
CLOSED
8%
23 Vi
preferred—.100
98 Ma
Johns Manville Corp com——No par
*
SALE
23Mi
8%
83%
45%
45
*98%
38 Ma
38
*105
111 Mi
*30 Mi
31
*103%
105
104
*156
170
*156
37
37%
88 Ma
39
37%
:38%
111 Mi
—109
1
30
*105
*30
3C
88 Ma
36%
88 Ma
38 Mi
39%
139 Ma
*139
*89
38%
Friday
Sales for
July 16
the Week
$ per share
Shares
5,900
8 Mi
.7 Ma
8 Mi
23 Mi
23 Mi
85
84 Ma
84 Va
140
45
45
45
60 J
37
37%
90
700
99%
90
35%
36 31
7,500
-104 Ma
104 Ma
200
300
29%
29%
104%
*104%
105 Ma
*156
170
31
36%
37%
*88 Ma
90
37%
39
39%
*97 Ma
170
*30
*156
37%
99%
111
104%
170
39 3/i
20
*105
105 Ma
*156
88 Ma
140 Ma
*97 Ma
30%
*104%
37%
1,300
23%
38
105 Ma
37
3.000
38 V2
45
111%
170
Ma
34 Mi
*83
99%
38
33%
37%
8
45%
*108
700
34 Mi
38
*23%
8 Va
45%
—100
42,600
1,200
15 Mi
24%
t per share
85
:45%
'
15%
14%
24%
Thursday
July 15
23%
*84 Ma
99 Ma
Ma
*98 Ma
98%
<
14 Ma
600
35%
PRICES
*23%
23%
15%
*33%
15
139%
I per share
V'i %
35%
800
2,800
25
*24 M2
Wednesday
July 14
8 Mi
8 Mi
.
85 Ma
%
45%
HIGH
$ per share
23 Mi
84
AND
Tuesday
July 13
July 12
Mi
38
39
*140
60
34%
34%
38'Vi
EXCHANGE
14%
15
24%.
33%
0 per share
*33 Va
16
16
24%
com——__No par
;
42 Ma
64
360
59
43
64
16 Mi
LOW
I
59
42 Va
15%
16 Ma
15%
(0 Vi
64%
25 Ma
•
Saturday
July 10
—
*35%
61
*33 Ma
43%
44
637/a
62
^65
common
12%
i% 2nd preferred 'series A—100
Joliet & Chicago RR stamped—.100
16
11
4%
11%
5% preferred series A
Joy Manufacturing Co
6
31% Feb
61
62
99%
62
Jones & Laughlln Steel com—No
par
83 Mi Feb
4%
7%
93
37% July 14
Oct
4 Mi
4 Mi
3%
11 Mi
29% Marl6
Feb
8%
93
Feb
40%
690
'8%
No par
——100
39
101 Ma
24,100
35%
93%
27% May
•6% Dec
10
1,400
32 3i
167
8M8
No par
preferred
Johnson & Johnson
11
144%
35%
*87
1
cumulative
11,600
8V1
Np par
Inc
80
2.700
3
15%.
36 Mi
98 %
100
Jan
3J %
166%
142 Ma
98 Va
145
25%
33%
167%
144
144
59 31
Dec
Jun
32%
166%
144 Ma
*138%
Jan
-
33%
167%
144
14%
63 %
112
33 M2 Jun
33'/a
167 Ma
16
139%
151
158
33%
14%
8 Va
No par
Stores
3%%
106 "May 21
10.)
3,100
101%
3
167 Ma
16Mb
61
Sep
19
3
3
i
143 Ma
143%
166%
15%
3
16%
143%
15%
139
Dec
29
2%
3
2%
33%
166%
16
61 Ma
Dec
Jan
8%
21%
*7%
21%
100
32%
98
'
1C1
138%
24 Ma
" Feb 10
8 Mi
22
*99
32 Mi
145
20% Feb
*7%
X22
138 Ma
common
Co
Co
8%
22 Va
101 %
*
32%
Telep ii Teleg.^No
(F I)
*7%
22
*100
22
100%
138%
Jaeger Machine Co common_.No par
Jerisey Cent Pwr ii Lt 4% pfd__100
30
*
Vi
100 Ma
22 Mi
*.
32 Mi
Per
May 27
23% Jun 14
92 Ma Jan
8 Mi
*7%
8
22 Mi
101%
-
138 Ma
share
37
34 Ma July
20%
32%
EXCHANGE
•9
108 %
20%
139 Mi
NEW YORK STOCK
10
20
20%
32 Ma
preferred
Range since Jan. 1
Highest
700
72
160
20 Ma
*138 Ma
Island Creek Coal common^
Lowest
Highest
*71 %
*155
20'/a
STOCKS
Year 1947
71%
160
25
share
Range for Previous
Lowest
155
No par
Shoe
Dept
Inter type Corp
$8
71%
*
No par
com
—
Interstate
14
72
160
wo par
preferred
39% May 20
145
May 25
72
160
35 Ma
No par
:
—
International Silver
Foreign
73
loo
preferred
International
3,200
17.300
143%
com—.11
International Salt
24
49
49 Mi
*
com
Paper Co
International
43 %
49%
45%
15%
l
—
preferred—
Mar 31
35% Jun
1
18
Nickel of Canada
5%
2
Jan
1 J '■
100
:
Int'l Rys of Cent Amer
* May 20
29
107 Ma Jan
37 Ma
'40 Mi May
preferred
200
49%
49%
44 Mi
33%
4%
5,100
2.300
13
45 Mi
*166 Ma
International Mining Corp;
11
24
12%
45
(new) ...No par
139 Ma July
64% Jun
24% Mar 16
135
3
5 Mi May 20
10%
23%
1.3 Vi
46 Ma
preferred
L
:
,100
Int'l Hydro-Electric Sys class A..2S
Int'l Minerals & Chemical com
S
9
Jun
m
7 %
24
Jun
93
9
3 Ma Mar 16
Feb
36Ma
130 Mi July
38 % May
Feb
9 Ma Jun
38%.
11%
24 Mi
45%
22 Mi
Rubber—.No par
com
11
24
*13
45%
8
Harvester
11%
24%
13%
44%
*<100
Int'l
730
8.100
20%
Intei-lake »tron —aw-iij—^£_l__No par
Int'I Business Machine
.No par
154 Ma. Jun 14
30
C7%
11%
160
72 Mi
*95
24%
*13
50
*155
97 %
44%
1
^
50
*95
44%
20
Interconwlental
X34M. Jun
May
:
-3% Ma,y 18
161 Ma Mar 31
22% May
No par
„
Interchemical; *Corp com.—
5
4M2 %
preferred——.—100
8
31% July 16
186% Jun
-
16% May 24
.
11
125 Ma Feb
Dec
S A
:
Feb
May
9% May
6%
Mex,
Industrial Rayon™
3
76% Jun
10
5
De
Nor
21
19 Mi
26%
Np par
Industry Electrica
15% Jan 28
1,100
36
26%
8%
108
80%
35 %
27
17%
Dec
143%
37 V8
26%
Inland Steel Co
3
19
37 Mi
26%
46 Ma July 14
100 %
20
37%
26%
34% Mar 10
Sep
32
37%
26%
Oct
6 Ma
94%
37 Ma
26%
Indianapolis Power <fc Light
68% Jun
25 Ma
96
37 Mi
26%
Illinois Terminal RR Co__——
150
3%
96
37%
26%
9
Feb
6
97 Ma
37 Ma
3
39
*95
33 %
..1000
25 Ma Jun
Dec
97 Va
33 Ma
No par
...
17
12% July 16
*95
34 %
A
20% Feb
50
12 Ma May
—.100
34%
34%
common
series
Co
Jan
x35 Ma May
163
Power
•
12 Ma Jun
July
Apr
4#
RR stock ctfs
A.100
ser
11
17
Dec
Leased ! lines
Illinois
May 26
pfd
conv
9 Mi Feb
30 Ma
33
30
May 17
•
non-cum
Dec
Dec.
169
6%
97% May 17
Jan
12 Ma
July 13
24% Jan
28 M»
7% May
11
Idaho Power Co
35%
*88 Ma
36
70
36 Ma
30,200
90
300
37%
5,800
K
94
16
Dec
29 Ma
May
47% May
13% May
20% May
13% Jan
Dec
58 Ma July
18*
Nor
23% Feb 11
48% Mar 12
14% Mar 17
3.8%
6OM2 Jun 22
18
May 22
Feb
20 Ma Feb
20
17
10
4%
26 Ma July 13
Oct
22% July 12
41% May
52 Ma
Jan
Jun
1
39
Apr
49%
Feb
36
Feb
13
21%
Dec
27%
Feb
19
Feb
11
24
Dec
116%
Feb
'
13
60
Jun
51
Apr 20
Southern com—_No
non-cum
Class
45 Mi July 16
42 Mi Feb
45
■"
*18 Mi
conv
—
class A__l
i
18 Ma
—-L_
18%
*18 Ma
19
96 Ma
*95
96%
*17 Ma
18%
400
Copper™
No par
Kern County Land Co....5
Keystone Steel Sc Wire Co
No par
44%
58%
59
45%
46
44
45 Ma
59%
59%
59 Mi
60
16Mb
16%
16
16%
*16
25 Mi
25 Mi
*24%
25 Mi
2,300
22%
>59%
21 Mi
21%
'3,800
16Mb
26
26
26 Ma
22 Ma
22%
22 Ma
Mi
43
_
16Mb
59Mi
16
22
96 Ma
59 Ma
59.Ma
26
,
-*95
46%
4 5 Ma
45%
16
1
*95
96 %
'
45 Ma
.
Kennecott
18
*95
18
18
96 Ma
59 Ma
par
preferred—
^t.100
.%—•
J
B
18%
*95
Kayser (Julius) & Co.
Kelsey Hayes Wheel
1»
»
u.100
...
46% July 13
26 Ma
Feb
preferred
Kansas City
21%
.
Kalamazoo Stove A Furnitura.
Kansas City Power & Lt Co—
8,000
1,400
*
'
*25
22 Mi
22%
22
'
59%
59 Ma
60
59 Ma
21,200
48%
47%
47%
47 Ma
47%
47%
47%
46 3i
47 Vi
3,200
44
44
44
44 Ma
44%
44%
45
44 Ma
45 Mi
300
21%
21%
21 Ma
21%
21%
21%
21 Ma
3,300
103%
104%
104%
104 %
104 Mi
104 Mi
400
60
59%
60
58 Ma
'800
47%
*43 Mi
59%
26
16 Mi
1
103
:-'ll% May
65% Jun
25
May
80
Dec
92% Feb
21
20
Feb
11 Ma Feb
19
14
85
Jan
63
8
Oct
29% Feb
102% Aug
Mar
91% Jan
11
5
104% July 14
Ma
Jan
40
Oct
32
Feb
13
39% Jun
Jun
59
Feb
45% Feb
16
Apr
52%
Oet
41
Weh
13
58 M2 July 8
47% May If
page
24.
Corp
com___No par
2nd preferred
,.100
(G R) Co
Koppers Co Inc
3
Krexga
Kress
1
(8
(8
—10
ser.JLOO
3) Co
U)
Krocar Ce
103%
* Co__—
(Tbo)
T.r.-.iU,;
__10
No par
No par
21%
103%
.
..
,
■w
14
68 Ma
68
" 35 Ma
,.
14 Ma
*13 Ma
14
68 Ma
.No par
common
Cumulative preferred 4%
21
1
common..
$5 prior preferred—
9$% July 15:
34
see
conv
Kinney
40%
footnotes
4%
jun
-Jan,1 2
36% May 27:
45
For
Kimberly-Clark
76
38%
May 24
35%
35 Mi
j 947/a
94%
...
*95 Ma
-68 Ma
•
/
35%
95%
104%
.
*13 Ma
14 Ma
68 Va
>68 Ma
35
*95 Ma
36
95%
*
13 Ma
*68 Ma
35 Ma
95
v4
37%
37%
37
37%
37
58%
58 Ma
57%
58
57 Mi
58
57 Ma
44 Ma
44 Ma
45
45 Ma
44%
44%
45
-37 Mi
21%
104%
14
13 Ma
13 Ma
68%
68 Ma
68 Ma
34%
35
-36
95%
37%
95
200
120
4,000
'
95 %
36%
36%
57%
57
57%-
-45 %
*45
46
V.
16')
2,900
.;
1,700
1,000
O'-V',"' T?
•rt-'f
Trl'Tp."'
:
pgv:^V:
ti v!
Volume
168
Number
4717
THE
COMMERCIAL
,<
FINANCIAL
■.■■:.•■■•'•
CHRONICLE
1263)
■»>* /"v i»'*-
•
NEW
St
'0:^^^,:: :-v
;/■
.;.:■■■■
»
I
YORK
STOCK
RECORD
,.r;
Iii '•
,
-1.
'
STOCKS
Year 1947
Lowest
Highest
;
,
Range since Jan. 1
I per a/iare
10
7
Feb
Dec
14
Jolt
Dec
44
Jan
14%
56
49%
Jun
43/4 Feb
12
Apr
24
47% Jan
27
47
21% May
30y4
Feb
23
Feb
27
Apr
Dec
101
95% Jan
May
12 %
Feb
10
44 %
Jan
30% Mar
4% May
Feb
1% Jan
253/4
9%
19%
Feb
5% Jan
Feb
24
Jan
25
Feb
59%
Feb
46
463/4 May
11
78
Dec:
10
Apr
24 y4
35 y8
Dec
30 %
Auf;
Jan
109 y4
105/. May
183/« Dec
Si
n
f
•
..
i:
24% Jun
2
Dec
Loew's
Lone
18
Feb
19
20
Apr
Jan
6
158
Jun
22
11
19% Feb 27
Jan
21% Feb
53
Feb
17% May-
29%
Dec
Oct
Feb
20
101 % Aug
26 V4 Oct
13% May
30% July 15
38% Mar 16
19% Mar 17
25%
99
Co
4 Va %
6
*25
25%
*25
25%
*25
99
*96%
99
*96%
99
12
12%
6,700
34%
35
35
35.
35%
35%
36
34%
35%
4,800
7%
7%
4%
4%
*41
25 3/a
7Vs
7%
4%
*40
7%
4%
63
7
"
•
7%
4%
4%
♦41
63
25 5/b
26%
25%
25%
9%
9%
9%
9
51
50%
513/8
50%
*10%
103/4
10%
63
25
9%
10%
6%
4%
*41
10
7%
26%
•;•
12,300
4 3/a
4%
*41
I
26,000
V-
63
25
i
i
i
253-4
4,500
9%
1,500
%
9%
9%
50%
50 Va
50%
49%
50
10 %
IOV4
10%
10 Vb
10%
1,300
4,200
'5,300
25'
25%
25
25
24 %
25%
233/a
243/8
55%
55%
55%
56
54 Va
55%
53
54%
3,700
10
10%
10
10%
10
10 VB
10
10 Va
10,200
36%
36%
37
*36%
87
170
853/4
37
*?6%
86
86
*169
170%
*36%
86
168
42%
42
43
42
43
12 %
125/s
12%
12%
12%
67%
673/4
68
49%
49
19%
19%
19
.—100
*80
84
68 VA
49
19
19%
84
23%
22%
23
213/4
16%
17%
16%
16%
16%
63
30%
19%
*153%
65
45%
48
183/4
19%
81%
81% *'•
213/a
22
16 Va
163/4
1,600
1
63
63
63
62%'
30
30%
29V4
30
19 3/a
19%
193/e
19 VB
100
*154 Va
♦153%
10,100
27,900
19%
155 %
*24v
243%
47%
48 %
156
•47%
48
34%
2,000
63
30 Va
19 Va
155% ,155 %
243/8
-47%
•6,100
•>.-
30
;
155 Va
243/a
.50
34
64%
»
63.
No par
1,200
14,800
84
22%
1934,
60;
> :
12 V4
23%
17%
*82
l
623/4
2,100
42
11%
68
48
19%
*82
66%
49%
"
.No par
30
*40%
*24
24 3/a
&-•
*24
47%
333/4
34%
i33%
34%
99%
98
98%
*98
98%
*98
22%
22%
22%
22%
?22Ve
22 %
:
4r400
6;400
■K
3,-400
r-
7,200
"
34
1,600
99%
21%
70
200
46%
-.'31%
*98%
It
2,300
V
243/a t
46 %
v
400 ^
86
*166
12 5/a
49
37
86 3/4
169%
169%
41%
-
30'
123/4
A—l__100
series
300/
12 Vb
No par
Co
30
300
25%
*96%
;
I
1,400.
41%
12%
& Sons inc com—1
pfd
V/"
28 Vaf
28
25%
86
Nashville—
cum
"41
12%
Cement
Steel
Lukens
28%
42
12 3A
:No par
:
17,900
1,300 •
2,100
2,500:
"
32%
_No par
1
6M)
28%
42
5
£
51%
'49%
29
43
No par
Inc
Lowenstcin
28%
*42
"
22
12%
98
*96%
*168
conv
Star
*49 %
-
9Vb*
*8%
123/4
25
£
Louisville Gas & Electric A
2*Va Jan
51 Va
S
Louisville &
May 15
35% May 15
98 % July 14
Mar 17
-92
*49%
—.100
com.
—
50
11
51%
7
24% May 19
•
12%
Corp____wNo par
Long Bell Lumber A:
—No par
Lorillard (P) Co common-4:
10
7%
preferred
r
_100
12
141
12%
1
preferred.
Lockheed Aircraft Corp
4
Oct
*12%
50
Corp.
Co—
3 Va %
11
Jan
29 V»
Oil
68% Jun
Jan
-
Dec,
39%
Belt
Lion
20 % May 21
28 %
21%
■'
153/4 Feb 27
•57% Feb 28
21%
?)
K:"
:13% Jan
13%
25%
,__50
Liquid Carbonic Corp com:
14
Jun
13
3
Libby
preferred
Link
9
85
&
Lily Tulip Cup Corp
Lima-Hamilton Corp
10
70% May 24
13
McNeill
Savers
1%
11
Feb
79
Libby
May 14
13% JUn
233/a Jan
Feb
172
93
47
13%
51%
5
Liggett & Myers Tobacco
55 % Jun
Feb
Dec
'■
8
11
Feb
Apr*
i-:
-V
18
79%
137%
#■ .%
Life
Mar 16
'28% Feb
27
,17%
J
i
10
20
58 y« May.
.12 y4 May
2
91
55% Mar 16
Feb
12
174% Mar 30
14
8% Feb
37
Oct
Dec
1
Jan
13
43%
Corp
10 % Apr
26
Feb
22
Lerner Btores Corp_—___No
par
Libbey Owens Ford Glass
No par
38% Jan
Mar 12
82
9%
22%
m
Shares
6
5%
9
22
29%
1st
Prod
6%
9%
22 %
29%
Lehn Hi Fink
5%
9 Va
22 %
*49%
May 20
6%
the Week
*
9 %
22%
/
■
Sales for
t;per share
9 %
X42%
May 15
14
6%
$ per share
22%
50 Va
com
preferred
$ per share
,
6%
-
July 15
13
preferred—No par
•50c non-cum 2nd
pfd—'No par
Lehman Corp (The)—
1
26% Jun
56'% Jun
Mar 18
165% Feb
Aug
1-2%
63
i9ya May
78 % Dec
'
f
X48
Dec
47
Jan
191 % July
33% May-
$3 non-cum
6
9
;.,i
V;,ij "
Friday
July Hi
Thursday
22%
CLOSED
29%
*43
12
25
83/4 Feb 13
31% Mar 16
Oct
96%
May
169
/:'
41% Feb
Apr
40%
May;
29% Mar
& Sons Co
Valley RR—____L
Lehigh Valley Coal corn—
July" 12
I per share
1
PRICES
Wednesday
July 14
.
1
-56
16% Feb 20
May
(James)
8ALI
Tuesday
July IS
6%
EXCHANGE
HIGH
5
LChigh
10% May 12
9% Feb '24
17
?
9
24
474 July 12
'26%
19
50%
8
16
8 % Jun
2
38% May
10 % Dee
"'4>
'
Mar~30
t per share
AND
50
i
Tire—
Non-cumulative
Feb
Jun
&
| per share
f3.85 l/o cumulative preferred—_ 100
Lehigh Coal & Navigation Co
10
Lehigh Portland Cement
25
Jun
35 % Mar
Va May
5%
Feb
Rubber
Lees
37 % Jail
4 % Mar 16
3V4
Lee
: i
July IS
..
No par
common-
4%%
preferred
Lane-Wells :co
6
May 18
13% May 22
9
87a
1% May
35% Mar
14
Feb
.Bryant
Monday
STOCK
4
pfd___75 Pesos Mex
(The)
No par
99
11
Jun
Light Co
Co
263/4 May 28
31
9 '/a
30%
Lane
533/4 May 17
23 yo ivxay
Mar 19
Gas
Lambert
14V'8 May 15
35
Feb
July 10
La Consplid 6%
5
27% May 12
*56%
95
Laclede
Mar 24
May
38
Saturday
Par
6% May 15
1
93/4 Mar 12
Feb
STOCK
$ per share
11
8% July
YORK
EXCHANGE
20 % Mar 19
Feb
May
Highest
f per share
$ per share
4H May
9
20%
Lowest
NEW
LOW
:
Range for Previous
19
—
22
100
I
M
34
%
*1
Not
Nov
152
Apr
132 1 Jun 23
24% May 7
30% May ,'
-1.413% Jan
i.,.99% Dec
-.111
Mar
-a
Mar
134
30% Mar 16
11% May
16% Apr
<■
"
,
10%
455
,
V
•
'•ri4v:
;i
Dec
May:
?«9% Dec
:
-2274
f
7
197. May
41
t
22 V. May
97 y4 Dec
v
|
24%
85
4 "!;
l"
^
4
69%;Jun; 14
27% May 20
■-
Master Electric
393/8 July 14'
Mathiefeon
Jan
Feb
May -4
353,4 Mar 16
176
49%
Dec
42
11-
190.r
Feb
84% Mar 27
93
100 %
170
Aug
84
Jun
Nov
.50
113
35 y» May
26
Jun
1l%
6
93
Jun
85
Jan
13
Jan
38
Jan
U0
Apr
16
32
Feb
6
Mar 12
$3.40
12% May 15
43% Jan
112
$3
$6
1st
12
24
McCall
Lowest
$ per sharp
t per share
33%
Feb
25
Feb
Dec
1073/4
Feb
88
Jan.
5
101 Va Jun
Oct
36% Mar 12
423/4 Jan
15
Feb
233/4 Mar 17
31
Dec
87
863/4
88
<16
Jan
87
Jan
18% Feb
23
5
May
24% Jun
19V8 Feb
11
24% 'Jan
16'/4 Feb
27
83
23% May 25
11
80% Mar 24
96% Jun
36% Feb
27
46% May 28 /
20% Feb
16
Jan
14% Feb
li:
Feb
52% Feb
10
19%
Jan
12%J«D
28
26
Jan
8
.47%
4%%
18% Jun
88
36
Ds«
Ill3/* Aug
10
13
273/4 Jun
15
443/4 Jun
30 J
23:
■
Feo
«
-
Feo
11
48 %
38% Feb
U
Inc
(1st
1st
&
Co
.
33
'
'
Apr
29% May
•
'136%
»
.^
•
Jun
10% May
*
45% Nov
-156 '• Mac
■
'
v,
-15%
v
'•..",tii"'
7-
1
-
.<
•3-r^
..
,102%
^'vl5
May
Jan
tfc 28% Mar
.
!
.
,
-
3% May
Feb
27
Feb
25%
Feb
Feb
10
Feb
;V.:32
,9
Feb 11
24% Mar 11
Feb
Feb
•
.493/4 Feb
102
Feb
11
10
1053/4 Mar 17
i.
v
|
(
May
24
i
,17% Dec
.
May
,<
9% May
17-
•
May
For
47% Mar 1613
23
li%
Mar 17
May 1'7
17
•
..
-
44
Jan
112% Apr
6
Jan
23
183/e July
22
29% May 27
:
Mar
.153/4
footnotes
Noy
see
page
16
Feb
19
Mar 17
19
.100% Mar 31
11% Feb
24.
16
23
'
24
Jun
24
21%
20%
20%
95
95
40
34
34
1,000
34%
Sales far
the Week
t per share
33%
,
*33
*98
98%
39
40 VB
49%
49%
2,700
33%
34%
33
33 %
2,600
"94
94
23%
-
*28%
*90
24%
2,700
21%
700
1,700
20 %
20%
20
20 3/b
94 Va
943/4
94%
943/4
42
42 %
42%
41
41
23%
24
24
233/4
24
23%
23%
17l/2
17
17%
*94%
163/4
17%
16%
10
173/4
173/4
10
1,100
*95/B
10
*9%
10
9 3/B
9%
1,300
95,
27
18
-95
26%
44%
♦
63
63
*61%
62%
*92
95
*92
95
26
26
253/4
44 V4
44%
101%
101
101 :,/4
*100%
173/4
17%
173/4
17
173/4
16%
573/4
61%
60%
46%
139%
139%
15
14%
13
14
13%.
»>-
61%
4'5%
140'
14%
•
95
26 Va
1013/4
•♦44%
,
63%
2fr VB
*56
58%
44%
175/b
■
63 J/2
*56
1013/4
60 Va
,
58
*92
:
26%
*101
63
*55 VB
63%
*92
18%
62
45%
140
:< '
433/4
59
44
*43
60%
45%
*44
*139
147/8
14%
12%
133/4
3,600
70
1,200
45%
45%
45%
45%
90 y4
•90 3/a
90 3/8
903/g
*89%
70
71'.
71
70%
104 Vb
104 VB
70%
104%
104%
69;%i
18%
18
119%
119%.. 119%
;
104%
119 Va
120
69?
=■
69
68
%»
104%
18 3/a;
121
104
173/a
120
.
"69%
66 %
9%
70
*104
16%
18%
1203/4
119
8 Va
400
120
17%
21,600
119%
370
63%
66%
3,100
7%
68
8s/b
90,800
8%
100
28%
31 VB
30%
34
31%
323/8
29%
31
41%
41%
41
41%
41%. ■41%
41%
■41%
40 3/4
41
13%
14%
133/4
14
la3/,
13%
13%
133/4
13%
13%
*28%
29%
*28%
*28 Va
29Va
*281/4
29%
57%
28%
28%
preferred series A—
preferred
series; B
_No par
&
Iilnes—i—£
Morrell
Co/_^_No par
(
Inc
L__
Products, Corp:
i
Co__^,—
—
;
-
V
5
Mueller.. Brass /
6
58%
*116%
120 Vb.:
*112-
112 %,
112
112
58 VB
10
Munsingwear Inc-
56%
*108
112%
*112
112%
112
57
153/4
58
57%
16'/b
15%
*24%
18
*28%
213/4
20 Vb
33
*106%
.21 %
20 Vb
107
133/4
25
*24%
18%
29
,
*
•
32 VB
106 Va
*13%
107.
13%
*24%
25
25
17%
18
17
*
8,400
29%
28
100
17%
28%
29
21 %
*21
20 >/4
20Va
20'A
311/4
106 Va
31%
30%
32%
ao6%
106%
131/4
13%
*13%
107
133%
3,300
'
21%
20 VB
'
800
14,000
f
25
17ya
28%
*21%
20%
31%
25
173/4
21%
20%
>
5,300
112
28%
•
100
•
57%
15%
5734
15%
28%
900
3,000
112%
58%
15%
58 VB
,18%
78,300
56%
115%
-16 Vb
25
54
*110
57%
,28%
*13%
112%
58'/4
117
153/4
31%
>•-
58
*115
30
16 VB
21%
y.
"
59 V»
333/8
583/4
18%
Mullins Mfg. Gprp £Ommonl__^^.__l
$7 preferred-.--~-kui.* ""
14% Jun
29%
;59%
*24%
.
l—- -
9
8%
,120 VB
16
3
No par
9%
58
John) & Co————No par
Motor - 'Wheel/ Corp
8%
*118
-
.
Motorola
Motor
;
3,200
11,100
104%
8%
Moore-McCormack
,
40
45%
90 %
45%-
91
69%
18 VB
200
13%
903/4
*104%
6,800
12
683/4
J
59%
'
■
91
18%
4,400
14%
45%
18
260
17
14%
683/4
•
500
45
90%
46 V4
433/4
101 %
142
45%
-45%
1,500
*43
14%
13%
1,000
25%
*139
142
conv,;pfd series Ai^WlOO
69
2,800
18
10
Nd par
17
58%
173/4
133/8
com
60
500
2,000
'
18
13
RR
100
*23%
*20
18
44%
Corp_j——10
95
24%
21%
*20
173/8
101%
—No par
200
57
44%
.
29
18%
*Q2%
Impl. com—1
1,200
29%
50
18%
I
Moline' Powir
1,500
57
*26
.
Shares
33%
98%
29%
96%
20 %
Friday
July T6
20 Va
*9%
v
411/4
111
95
63%
_3
•
1,400
10%
*40
*110
18%
*100%
com—
10:,4
v
20
42
93/4
P"'4VSS7M;/A;#tp—
-
340
59 Va
17%
.
30
,
90%
23%
24
17 3/a '17%
•'
20
84%
42
*40%
,
*57
92 %
9,800
4,400
49%
<
,24
21V4.
63%
10
•
*94%
96%
9%
Jan
33% July
108=
34%
21%
pfd-100
Montgomery Ward
2
May 27
49%
33%
.24%
14%
$4
^ May 21
•173/4 May 15
27
Jan.
9
19% Mar lT
*49%
63%
Monsainto Chemical Co com—_5
$3.25 ;preferred series A_i._No
par
.
-165
203/4 Jan
233/4
:
„
v
,
5300
1,200 f.
1,300 'U
;
...
-
46%
Mohawk; Carpet MillsL.
—„,_20
Mojud Hosiery Co Ine—L*—
1.25
Monarch Machine;
TOol_-._'__No.par
6
May 15
50%
34%
233/4
14%
7%
61% May 17*
30
39 %
21%
.46%
Missioii
24
122.
*29 %
*94%
20%
25
40%
40
29 %
24%
20%
6,500
90%
40 3/4
33%
40%
33
21%
24
*20%'
*92
July 15
*98
50
97
;■
163/4
*83%
Thursday
98%
34
,
360
3,500
37%. 38 *
^ 172%
46
I per share
32%
29%
Par
conu—^No par
323/4
*98
38%
-
1
pfd—L__
32%
98%
>.
'
PRICES
Wednesday
f per share
32%
51
*95
HIGH IALK
r
111
34%
(v
;*•
1,400
8,900
91%
10%
»
17,800
,
*170
92%
*40
34%
400
200
84%
IP/8
*110
July 14
*98
34%
130%
1st
Mo-Kan-Texas
5
15% Jun
50
33%
AND
10%
34%
24%
473/a
91%
110
$ per share
00
3.00%
$6.50 preferred
,
July'13'
=.-293/4 July
•
35
243/4
*83
40 %
110
Tuesday
,38%
46%
Minn
July 13
•
38%
10%
*39%
69 V4
*92
July 13
32%
*29
11%
*34%
98%
*138 Va
3.20%
73% Jun. 14
34
CLOSED
92
41%
111
165/a
39%
*170 3/4 .172%
84%
'
3,500
,>
\ 17./', 17%
:?<
67%
683/4.
18V4 >
683/4
91%
(
25 Va
38
46%
i
4
101%
Minn Min '& Mfg_____No
par
$4 -preferred —•—_£„J__i_No par
18% July 13'
9%
32%
1—5
Minn-Honeywell Regul
17.
V July 14
11%
*39%
35
*98
92
'
1
•600
73/8
16%
25 y4
v
47%
*83
163/4
17 Va
.
1,000
v
23
101%
243%
«
25
39%
91%
83%
*110
'69'A
46%
91
11%
41%
Li-J
Steel. Prod
cum
Minn St
May 3,
78" ' Mkfy 17'
121
STOCK
EXCHANGE
50
Petroleum
'■
11 VB
253/4
18 V4
.!
•
7%
101 Va
16 3/4
*170%" 172%
92
91
83%
•*
111%
100
8%
98
105% Jun
Oct
27% Oct
85
Minneap & St Louis :Ryl__s__No;par
July 13
Feb
107% Mar
Midland
v
56.3/4 Apr. 21
27%
25
14% May
-10
Dec
91%
91%
25'A
♦1001
17 Vb
25
10s/b"
*22 Va
17 y4
-18%
38%
46%
f per share
__3%
Copper—-
Mid-Continent
15
May 10
273/4
a
t; 17% May
,<•:
27%
1.1.14% Nov
May
':102% Apr
Feb
64%
Dec
19% May.
;
4
Jab
-
■
f49
...
2
13% Feb 11
34% May 17
'
.
Jap
111% Mar 11
423/4 Feb 11
Oct
,<8
-
88% Jan 1 5
64% Mar 11
10% Mar 16
-Oct
"49% May,
€3®/4
i.110% May t'4128%
£15%
m
•
99
.'.'13ec'-
•
*
m;,
■
563,4
113/4 May
'
Dec
.
M -Sir.
W:
-
-123
,;
"32% May
,Lr.«
May
•v"': 23% Sep
".■"-I,
n
Dee
-il04
flc
;■
,
14
45
-
<.
:
16
9% Mar 17
Jun
Jun
140
27
..
fc 99
>■
48
11
12% Feb
•
,lV >;V' '£'■
■
Mar 18
35
129% Feb
Nov
8.%.May, / .14% Feb
;o.47%-May :
-66%- Jan
84 % Dee
-114% Feb
.<1 613/4 Apr
i 7034i De<r
.....
v
Dec
,
223/4
7%
*16%
101%
69
•
38 3/a
172%
I per share
L—1
Inc
5-
25%
-
*91 %
July 12
1
common
Metropolitan Edison
Miami
^
"46%
Monday
$3.50 cum preferred—1„-No'-par
Merritt-Chapman & Scott
^No par
19'/e May 27
69% May: 7
^
113/a
23
18 Va
to.
69%
v«6t:
♦•38
41
Co
11
-9%
103/4
22 3/4
-7%
16%
,
18'>/a
>45 -
95
Transp C6__ --No
Inc
'
17 3/8
-vit »/4-
*170 3/4
40%
preferred--:
1,900
.
5,300
,560
9%^
,
7,066..'
f
16
103/4 "
■;
23
7%
253/4
*100
9%
9Vi
17
,
253/4
>100
46%
*94%
Stores
17
172%
series) „„_f_100
common-
17
17Vb
'.
69%
(2nd- series) __1__50
(The)1
Mln
100
17%',
,
34%
1
Corp—
9%
,"7 Va "'
•X26V4- '26V4
v
173/a'V
111
II
Co.
#
u 'i-f
265/8
♦83%
5
,
comt
7%
46
No par
Mesta Machine Co—
1043/4 May 25
13
&
Merck
MarlO
94
1
Co_^__
23
*16 3/4 '
-
100-
•*91
No par
pfd
cony
Merch
Jan
95% Jun
1
.—:
Robbins
pfd
Mercantile
8
18% Mar
.
.,123/4 May
*,..
LOW
.100
Co
Stores
2nd
5fr
24
63% July13
Jan
Corp
Pub
&
Mengel Co
62 Va May 15
17% Feb
; 97%
17
93/4
.
91 %
Bitirliy
com—
Melville' Shoe
19% May 15"
503/4 May
Mar .
'
4Co
2
44% Feb 11
Jan
'103%
23
-172%
r
McrQuay Norrfs Mfg: Co!
!
—10
Corp common
——No par
Feb
Dec
12 Vb
22 3/4
July 10
preferred
McLellan
Feb
6534
1
Mead
Jan
35% May
t
$4
12
Oct
73
% May
11 %
*39%
Mclntyre Porcupine Mines
McKesson
9
Feb
24%
,
233/4
*H
preferred—
conv
McGraw-Hill
52% May
1
35% May 15
98 Va Jun
2
H93/8 July 16
43
3 Va%
50
<13% May
•"V:
McCrory Stores
25%
,
55% May
v
Feb
105%
Dec
*.22a/4
25%
No par
McGraw Electric
May 15
31%
May
"
30% Mar 17
25Feb
.
Jun
40 3/4
20
45
36% May 21
23%
Dec
16% May
•
.
Feb
Jan
105%
17% May
21%
f
11
44
Dec
23
39% >
Par
14
453/4
46
23
"*69%
^No par
$ per share
Mar
30% May
23 Va
12 V4
25%
EXCHANGE:
May
.32
*22%
,373/4
NEW YORK STOCK
Highest
62
May
23%
No par
.preference
Corp
Range since Jan. 1
Highest
35
24
11
STOCKS
Year 1947
t per share
*10%
No par
-
cum
Range for Previous
Lowest
11
par
i—i—£_.100
preferred
9
*520 :
1 *103/4
,22%
Xj
15 V4
560
'9%
17
I
.22
16%
10%
,1
tfo
common.
21
Jan
41% Jan
Co__—
.37.
223/4
16
*520
103/4
17%
pfd—i—i— No par
cum
Maytag Co
163/4
600
*93/4
26 %
'/ -Uiipti.
INo par
Chemical* Corp.£
200
,25.'
;;.37%
*101% .102%'.
13% > 13 Vb
13%
10%
100 *
Dept Stores common
I
_8
$3.75 preferred™£—J__i__No par
$3.75 cum pfd 1947 series_-N6
par
18'
8
11
223/4
,16 Va
*520
'
'
Co—/
preferred
37%
Tl%
17
_10O
coia____No par
38
138
24%
104
133/s
.22%
9%
May
3
Feb
Jan
48 3%
Jan
47q& Apr 20'
77% Apr
9% Feb
97 % Mar
14Y4
108% Mar
.
tsl
Martin-Parry Cnrp
Masohite C'orp
193/4 Mar
37%
*102
13%
11%
.^%:%;--:.preferred_£^^n_k£_/ilOO':
L)
38
*132
,
253/b
*22 Va
1
"7%
16
27% Feb '11
;1
16%
600
223/4
(Glenn
:37%
223/4
16 VB
*520
12%
19% Jan
47 Va Feb
16%
600
7%
Martin
Nov
16%
*520
22%
Marshall Field & Co
•
383/4
138
25
104
:
13%
23
23
12%
9
Nov
23
7%
16
253/8
'37 3/8
*102
13%
22%
22 3/b Apr
29% May 18
*38
*i32
25 VB
.37%
104
*13%
12
103 % Jun
-
•'37%
*102
13%
23
1
C
39
138
25%
"
Midland
2
Marie
37%
104
*38
*132
138
25
L.
Marine
4-
15
38%
*132
Corp.—
Market St Ry 6% prior
pfd
Marathoii Corp___
'
«
Oct
-106
7% May
.
--17
37%
*13%
50
1
38 3/4
'■
25%
*101%
10
Sugtrr Co__
Bros_—-_1__tl—
:Jan'
26 3%
Dee
82
i
22-
May 20
July 12
t.
Manhattan Shirt—
Maracaibo Oil/Exploration
97
353/4
,
39% May
Dec
88
t
-1
32% Mar
-
;63 %; Jan
;
18% July
.24% May
Dec
,175-
r
Manati
8 i
25%
Garden—Nb par
Mahoning Coal RR,Co_
25% May 17
20
Square
Mandel
20'
-torn
new
Magma Copper
L
Magnavox Co (The):
28
Jan
Inc
14% Jan,
>39% May
f
Feb
lll3/4 July
May
.14% May
>
'■'-li".-:'.
18% Mar 18
Feb
Madison
23
14% Jun
15
138
10% May; 21
10
6% Feb
39
*132
/common—•
13 3/8 Jun
5% Feb
Feb
34%
Apr
26
"
(
525v
17
16% 'Dec
;
11
*38
—d__-__100
Trucks
Macy (R,H) Co Inc com—l—No par
4%-% pfd /series A
1
—_100
24% May 20
-16 3/4 July 6
23
—10
.preferred——;
6%
Mack
.
8% Mar 1Q
:«'% Feb
May
,
10
20% Feb
Dec
27%
.
May
9
13
15 3/a. Apr .12
v-M&tM
Feb
Feb
MacAndrews .& Forbes
39% May; 27
1Q3% Jun
A
5
Apr
2
27% Jun
Apr 12
9% Feb
.
525 '
Jan
142
-
•Xl6% Feb 25
323% Feb
Jan
3%
-
,
';21% Mar
14 %
j
Dec \ "
-
40
27
11% Feb
500, V, Dec
42 %• Jan
.%
Sr,
Jan
:
&8
Feb
-<lB%'Aug
Jun
.
6
-
>.15'%
36
3,800
21 %
21%
-,,800
20
20
2,100
30%
.
,
31%'
8,800
*106%t 107
12%«
13
vf
'
w
10
600
'nv-.'
:r-.>
THE
COMMERCIAL
NEW
Range (or Previous
Highest
I per there
35
107%
40% Feb
Dec
9%
Dec
33% Feb
Jan
112
167/a
Jan
107% Jan
2
Feb
11
Jun
56
38
44% Feb
50%
14
May
May
8%
30
16%
Dec
9% May
Jan
24
37
34%
29
164% Feb
Feb
43 %
6% Feb
Oct
Deo
Deo
167
Jan
Deo
Feb
12
Jun
15
Feb
106
Nov
Feb
13
20% Mar 10
Feb
83% Mar 23
Oct
20%*Feb 11
36
Meb
5
'
Nat
Not
;
12%
12%
12%
30%
31
30%
31
30%
31
f
18%
18%
18%
18%
18
National Distillers Prod
No par
Nat Enameling & Stamping—No par
19%
19%
19%
*41%
43
*41%
43
41%
41%
18%
19
18%
19
17%
18
No par
94
94%
94%
95
94
95
18
36
33 V*
35%
35%
34%
34%
175
175
*174
174%
172%
1721/4
143%
143%
*141
143%
National Gypsum Co
24%
4%% preferred
National Tea Co
Natl Vulcanized Fibre Oo
Natomas Co
88%
27%
27%
27%
27%
14%
14%
13%
14
11%
11%
11%
2
Jan
94
2
Jan
12% Jan 26
19% Jan
6
May 17
Jan
24
May 15
26% May 21
18
90% Jun
31% May 19
43% Jun
9
92
Jan
Mar
Sep
18% July 12
July 12
July
6
9
23% Apr
3
27
Jun
2
61
Jun
25
19
19
255
6% Mar 29
20% Feb
86% Jan
8
July 12
64
144
200
10
8
100% Aug
19
Mar 18
14% Jun
9
39% July 12
Jun
17
14% Feb 27
19% Apr
10
81
88
25%
2
Jan
96
Jun 21
6%
15%
NY City Omnibus Corp
New York Dock common
$5 non-cum preferred
N Y dc Harlem RR Co
22
*41%
18
19
Gas
1
Noblltt-Sparks Tndnetr***
Noma Electric Corp common
56Yt
Deo
64%
Nov
55
Feb
Sep
25% Mar 18
28% Jan
13
Jan
14% Mar
3
17% jun
17
Feb
2
115%
Jan
82% Mar 10
13% May 10
93
Jun 11
25% Feb
36% Jun
95
Deo
13% May
30% Nov
8
Jan
22%
Feb
16% Feb
Deo
102%
Feb
81% Jan
Aug
11
11
14
27% Jun 24
American
11
22%
Apr
19% Aug
25%
Oct
33
45% Jan
>
6%
Jun
Deo
13%
Feb
Dee
11
18 %
Feb
2
11% Jan 13
x21%Janl4
33% Jan
2
Mar
5
8
10*% Mar 18
Maris
90
$ per there
S per there
108
Northwest Airlines Ins
4.6% cumulative preferred—
18
Northwestern Telegrapk
88
Norwalk Tire dc Rubbet
No par
14% Jun
Norwich
9
Pharmacal
10
Oft
34% Jun
16
Jun
18
43
Jun
15
18%jan
17
Mar
Feb
9
25
36% July 13
Xl09% July 13
12% Apr 20
Mar 16
100
Jan
2
23
27
Jan
26
147
Mar 17
17% July
83
52
:
Jan
Jun
Jan
Jun
5
17
37% Jun 23
154
8
23
17
89
28-
Jan
-
29
Jan
5
Feb
27
73'A Jen
2
4.40%
Ohio
wo p*r
Corp
4%%
& Eleo 4%
No par
Corp
preferred
(The)
convertible
Otis
Elevator
6 ft
l§
No par
common
Owens-Illinois
■
If
19% Dee
21
May 27
Jun
8
26 % May 27
Bop
51
May 21
3% May 17
Deo
Deo
333A Jan
2
2$y4 May
30% Jun
11
Dso
footnotes
88
*87
54%
53%
10
May 17
16% Jun
37
18
12%
page
24,
*86
54
36%
152
35%
152
18%
18%
88
88
54%
54%
12%
21%
34%
55%
Mills
No par
Pacific Telep
6%
dc Teleg common
Pacific Tin Consolidated Corp
Pacific Western Oil Corp
Packard
Motor
Panhandle
Paraffine
4%
Car
Prod
Cos
dc
Inc
convertible
Paramount
Utah
100%
141
i
if
No pox
Refining
2%
If
No par
100
1
5%
10%
20
62 3A
99
10%
27
106
99%
Co
Parker Rust Proof Co
34%
99%
141
5%
10%
100
p141
5%
•
Parmclee
Transportation
Patino Mines dc Enterprises
Jan
7
Penick A Ford
1
Penney
(J C) Co
—
56%
•5
5%
io»/4
10%
'
61%
*98
9%
27%
5%
23
i
fl4|900
10%
Z:*-
.300
;
«
19%
19 '/a
62%
62%
63%
:5(800
i >
97%
99
150
•••'4
10
'..14,400
45
43%
...
9%
10%
*26%
27%
*104
22%
23%
48
*45
27%
106
23%
48
2%
2%
2%
2%
2%
No par
29%
29%
29%
28%
29%
2.M
29%
*29%
29%
*29%
29%
&%
9%
'8%
8%
■
14%
14%
14%
14%
14%
Ho par
32%
*31%
32%
.32%
32%
No par
48
473A
46%
47
-
2,200
^53<6Q0 *1?
20
106
•104
23%
9%
;
56%
99
*19%
1
No par
12,500
5%
'
57
57
55%
38%.1 38%
100'A
5%
34%
•
55%
141
5%
20%
20%
'
38%
38
141
f
Ino
Consolidated ldinos—]
dc
57
No par
com
Pictures
Davis
53A
preferred—-100
Park dc Tilford Inc
Park
Parke
38%
100
iff
preferred
493A Jun
see
18%
15%
15%
15%
13
'
8% May
32% Sep
38% May
For
36
152
18%
55%
Panhandle East Pipe L com
4%
preferred
11% Jun
36%
151%
34%
65 % Jun
28
22%
18 %
21%
Petrol dft Transp
105
15%
11
94
24
36%
55%
13
U
96%
151%
88
54
10%
36%
55
Airways Corp
Deo
*86
17%
35
106%
95%
*23
152;
18%
34%
No par
Pan-American
•% Jan
18%
24
24
21'A
IB
Lighting Corp
Pan American
May 17
36%
96
95
*22%
Pacific Gas dc Electric
5% May 17
100
*22%
*151
11%
11
11%
38%
41
11% May 21
21% Jun 21
Doe
36%
108 %
*39
Deo
15
34%
108%
40
Deo
40Ye Jan
36%
96%
13%
17%
109%
10%
15%
34%
36%
96
theret
100%
40
109 %
11%
I per there
34%
109%
95
54'A
*17%
Sales fsr
the Week
100%
36%
36
X108%
*86
18
40
Pacific
May
*17%
41
40
21
17%
39
Friday
July 16
-'71
Pacific
62 3A May
17%
•
*68
8
6
17%
35%
36%
34%
*100
39%
71'
15
6 % Apr
40%
*22%
I per there
40%
40
109'A
Thursday
July 15
34%
100%
*34
100
99%
40%
No par
common—.
34%
100%
99%
CLOSED
18
11J0
t per there
I per there
*68
36% Jan
7
PRICES
Wednesday
July 14
Tseiday
July 13
*34
*34
6
12%
71
55% July 13
Mar 18
12 %
preferred non-cum—No par
2nd preferred non-onm
No par
Pacific Finance Corp of Oallf—
If
21% Jun
May 17
*5%
EXCHANGE
IJO
1st
Doe
147
STOCK
f per there
152
Glass Co
Pacific Coast Co
104 % Jun
§ per there
Monday
July Vi
100
Outboard Marine & Mfg.
Outlet Co
Not
7
A—100
preferred
80%
3% May
21% Jan
•
common
preferred
Oppenheim Collins
x23%
Deo
100
Pacific Amer Fisheries
May 27
Apr 13
43% May 28
25% May
Deo
pfd—10
common
convertible
Omnibus
8%
100
Co
Oklahoma Gas
Oliver
n
MtiuM
preferred
Oil
15>A May 17
73
xS9%
fatnrdsy
July 10
Fer
Ohio Edison Co
6
13
LOW AND HIGH SALE
15
2
*5%
*12%
"f
EXCHANGE
103
8
37
10
NEW YORK STOCK
2
89
33%
common
t per there
20
$6y<
No pat
17% Mar 20
11
92
80
34%
11%
(Minn)—
Cum pfd $3.60 series
Lowest
16% Apr 14
22% Feb 11
8%
11%
89%
34
40% Apr 24
7% May 21
26% Feb
13
16%
*88
27% May 17
92% Jan
4%
28
18
Northern Pacific Ry
Range since Jan. 1
Highest
Highest
27% Feb
131
*27%
16%
STOCKS
Year 1947
tperthare
61%
1
58
Northern Central Ry Co
Northern Natural Gas Oo
Range for Previous
Lowest
16%
33
61%
18
Co
24%
16%
33
28
28
North American Aviation
Northern States Pwr Co
79%
2.08
Adjustment preferred
North
•"
24%
1
4
10%
238
238
108
Nopco Chemical Co
Norfolk h Western Ry seat
30%
61
Corp—
1
33%
25"%
17
dc
5
Deo
19%
*23
*56%
17
State Elec
$3.75 cumulative preferred
17% July
Deo
92
" 143%
NY Shlpbldg Corp partic stock
36% Jan
6% May
83% Deo
18%
89%
141
14%
9
16%
42%
92%
8
26
28%
39%
Mar
11
89
28%
92%
20% Mar
Jun
22
*86
14%
16% July
62
64
39
30
18
11 %
96
62%
5 % series A
188
N Y Power dc Light 3.90% pfd—108
Oct
21
96%
11%
Preferred
Jun
25% Jun
18
96
NY New Haven dc Hart RR Co.108
101 >/8
33
*95
No par
18
6%
23%
101
33
No pa*
No pat
144
15%
18
Nopal
New York Central
No par
NY Chic dc St Louis Co com
100
6% preferred series A
108
b.,%
4
*22%
101
188
ueo
—
23%
11%
Brsks
Air
6%
23%
No fat
preferred
York
6%
23%
100%
New England Eleo System
88
New Jersey Pr dcLt Co 4* pfd—188
Newmont Mining Corp
18
Newport Industries common,
1
4%% preferred
188
Newport News Ship Jt Dry Dock
1
New
6%
*23%
Nehi Corp
No fat
Nelsner Bros Inc common
1
4%% conv serial preferred—188
Newberry Co (J J) common—No par
3%%
*141
6%
108
18
1
33%
—
18
24
87
11
Sep
common
19%
88%
11
Feb
Co
Lead
19%
88
10
Mar
1
com—
preferred
conv
19%
99
Feb
16
12%
No par
23%
Feb
107
12%
24
12% Feb
25 %
12%
24%
39
20
12%
—I
Co
23%
121
290
Container
8%
46
101 %
Feb
11% Mar
54
I
N v
23%
dc
24%
Dec
__
80% Deo
Bond
*23%
Dec
49% Jan
*52%
National Supply (The) Pa oom—18
22%
Feb
54%
6
60
2g
Aug
62% Jan
*53'A
5
137
20%
200
25 % July
1
2
9
Feb
43%
41%
25% Jan
7% Feb
12
38
*41%
41%
1% preferred A
108
6* preferred B
180
National Linen Service Corp
1
Nat Mai dc Stl Cast Co
No par
Natl Power dc Lt ex-dist
No par
National Steel Corp
28
National Sugar Ref Co
No par
98% Jan
Feb
46% Feb
9
12% Jan
97% July
3
26
10% May
20% Jun
10
102
Dee
43 % Mar 30
10% July 16
Dos
84%
22% May 21
35
Jun
NOT
7%
45 %
19
90% Mar
3,600
71/4
104
17%
15% Nov
8%
16
87
44% Dec
32%
6
14%
24
*23
46%
Feb 26
x$7%
—
23%
10
x27% Mar 12
I 108% Jan
:0
July
100
120
14%
29%
No par
—1
15 % May 26
25
900
108
15%
15
170%
No par
30% May 27
13% Feb
Mar
13
Deo
29%
170%
Nat City Lines Inc.
11
Jun
108
■Shores
42%
44%
29%
172V2
9% May 21
Jun 17
Mar 16
10
24% Feb
18%
Feb
44"%
44"%
4
10
100
common
preferred
9 y» May 20
48
101% July 12
10
42
8%
Share Corp
National Can Corp
National Cash Register
May 17
24% Jun 10
x22
13%
Deo
230
25
7%
7
85% Feb 16
Sep
Feb
Apr
National Biscuit Co
7
Jan
38
Deo
National Battery Co
5
23
July
Jun
18% Feb
Nov
1»
8
30% Jan
SlVkMarlO
July
12
45
175 % Jun
147% Apr
Jan 22
109
the Week
13%
6% Mar 13
15% Feb 11
U Mar 30
Dec
107
May
11% May
13%
177
22
Feb
May
18% May
14
17% Mar 22
$4.50
>17%
13% May
12
S
108
43%
Sales for
there
12%
National Aviation Corp
8
National
29%
18% May
80
12%
.
100
Dso
32% May
13Vn
13 % July
19
23%
20% May
12% Dee
35% May
12% Dee
8%
134% Feb
95
Mar
Dee
8'%
43
Friday
July J 6
$ per
26%
1
1
July 15
26
National Airlines
National Automotive Fibres Ine
10% May 20
10
8% Apr
28
Jan
1% Jan
54%
Thursday
I per there
20%
Jun
19
55
19%
163% Feb 11
Jan
43%
*53%
25%
96 % May
25
*41%
15%
,43%
26
38
Feb
Nov
28% Jan
A
74% May
21% May
12% May
11%
Feb 11
15%
*41%
*53%
15%
42
109
109
109
15%
26 y4
29% Jan 23
87
*108
55
B
National Dairy Products
National Dept Stores
15%
15%
27%
2
Feb
15%
43'A
*42%
44
20%*
May 21
Jan
103
i08
43%
X
Jun
25%
44%
100
21
11
44%
t per there
$ iter there
Nash-Kelvinator Corp.
Nashville Chatt dc St Louis
5
32
Feb 28
I per there
low AND HIGH IAII PRICES
Tuesday
Wednesday
July 13
July 14
National Acme Co
Jan
14% Mar 17
18
-f
July 13
29
21% Jun 25
24% Mar 17
37% Feb
Monday
27% Jun 23
Jan
107
RECORD
•54
]
Monday, July 19, 1948
CHRONICLE
42
preferred
(F E) & Bros
Jan
165
•I
com.
National
136
•5%
4%
Myers
CLOSED
National Cylinder Gas Co
36% Dec
190% Sep
28%
5
Murray Corp of America
38
Dec
105
Jun 29
EXCHANGE
preferred
20%
25% May
11
43
55% Jan
4%%
2
Oct
18
,
2
2
11% Feb
Dec
if
2
Jan
13% Jan
23%
Deo
Jun
17
13% Jan
48%
6%
112
STOCK
common
13
17% May
15%
July 10
10% Mar 15
30% May
14% May
96
10
Saturday
STOCK
17% Feb
13% May
28% Dec
14% May
STOCK
• per there
Murphy Co (G C)
Feb 28
6
YORK
EXCHANGE
May 15
11
Jan
15%
Doe
9
33 % Feb
Dec
14%
May
7% Deo
10
Mar
20
13% Feb
33
Mar 18
26 % Feb 20
Feb
26%
8% May,,
8% Feb 11
11% Feb 17
Jun
187
Jun
13
7% Feb 27
■
Dec
34
Jan
Deo
21%
Jan
14
Feb
16% Feb
10% May
165
May 12
50% Jan 23
Jan
19% Feb S 14% Mar. 16
29% Feb ?v 20
Feb 24
Jan
24
Feb 14
May
19
21
A
45
13
NEW
I per there
16
Dec
37'A
I
I per there
I per there
Apr
FINANCIAL
STOCKS
Range since Jen. Ih
| /Lowest
Highest
Tear 1047
Lowest
YORK
&
47
700
•
«•
'
Volume 168
Number. 4717
THE
COMMERCIAL
NEW
Range for Previous
1
•
Range since Jan. 1
Highest
Highest
Apr
13% May
29
8ep
I per share
Per
1BV.
Oct
11% Feb
13
15% Jan
24%
Feb
15% Feb
11
20 % July 13
Penn Coal St Coke Corp.
Penn-Dlxle Cement Co_
34% May
Penn Glass Sand Corp com—No par
36
Apr
Dee
117
Jan
18
Dec
22
Jan
Apr
18% Feb
11
20 %
15%
Deo
26%
Feb
16% Feb
27
22 Va
28% July
9
110
8
112
Jan
2
7
14
38
May
51%
Jan
41
Feb
20
48
111
Dec
118%
Sep
103
Feb
19
120 '
Apr 22
Dec
55%
Nov
34
5%
81%
6
Jun
101%
May
22%
23
22
Feb
May 20
86% Feb
17
10% Feb
Feb
4
98
May 15
20% May
7
Pet Milk
Jun
18
May 19
17% Jun 21
Oct
14% Feb
62%
Jan
47
Feb
11
48%
Dec
40% Feb
13
59
Deo
97%
69
Deo
21%
Dec
23%
111%
Mar
60
109% Aug
27% Jan
Deo
29%
2
Feb
5
95% Mar
5
21% Feb
22% Jan
Jan
26
July 13
55
May 19
104% May 15
24% Jun 14
May
16%
Jan
35%
25
Deo
88
Dec
109
83% Mar 17
87% Jan
Deo
101
Apr
43
Dec
81
Jan
93
July
12
63% July
18
Feb
jun
30%
Mar
Apr
Jan
26
84% Jan 21
12;
38% July
Feb
Dec
06%
Dec
10
May
16%
Oct
88
Deo
18%
Jan
32%
Dec
26
16
Deo
16
Dec
12% Feb
108
Feb
102
10
30% Feb 25
Dec
96%
98 Ya Apr
110
1
14
11 y* Feb
Mar
Jun
11
84% May 12
Mar 16
11
17%
2,600
13,800
Electric
145
Jan
9
28% Jan
22
Oct
Jan
Jun
9
26% Jun
161
preferred
100
111%
111%
100
99%
99%
100
107%
107%
preferred
*85%
87
*85%
41
*39
42
92
91%
73 Va
*89%
70 Va
13%
*12%
13%
*85%
87
*85 %
87
44
*42
44
*90%
92
90%
90%
76%
73%
74%
73 Va
73%
13 %
13%
41
13%
*12
*90%
70 %
*
12 %
'
87
200
10
71
33%
33%
33%
33%
102%
*102%
103
102'/a
102%
115
*107%
115
*107%
14%
13%
14
*13%
14'%
92
*90
92
7,700
33%
102%
34
34
*90
14%
92
*90
*152
10
160
*152
160
*167
170
*167
170
35%
No par
No par
preferred class B
preferred class A
33%
13%
13%
9
18%
109
35%
9%
8%
18%
18
169
*167
170
37
36%
37
36%
36%
6,100
8%
9
169
36%
35%
168
9
8%
9
8%
8%
3,700
17%
3,800
18 Va
17%
18%
160
*156
90
90%
78%
78%
78
78
78
78
*25
*157
1
44
25%
163
25
*157
2,500
167%
91
100
6,200
22%
160
160
Pittsburgh Young 8c Ash pfd
35%
*150
91
conv
92
160
*156
ser
*90
1,800
*150
91%
160
160
13%
13%
92
1,200
115
160
91%
1st
*156
35%
*152
*90
100
*157
18%
17'/a
160
*158
10
163
90
90%
89
89%
300
*77
25 Va
*25
25%
163
17%
160
"30
79%
77%
78
210
*23
24%
*157
24
22%
163
*156
800
163
60%
61
56
60
54
58
451/2
43%
43%
43%
43%
44%
44%
No par
15'A
15'A
15
15
15
15
14%
14%
14%
15
10
13%
14'A
14 Va
14'A
14 Va
14'%
14'/a
14 %
14
14%
20,900
10
10'A
9%
6,800
4
Jun
24
Poor
8s Co
Potomac
(The)
class
B
Electric
Power
Co
94
Pressed Steel car Co Inc
4%%
$4.75
Apr 26
39% July
Public
6
24% Jun
30% May 15
53
Jan
5
42
109 V*
Jan
101% Feb
13
108
24%
Deo
36%
Feb
*25
11
33
44 %
11%
♦11
11%
42%
41%
11%
*11
44%
*10%
42%
7,100
11%
800
13,400
-
400
2,000
10
9%
9%
9%
lO'/a
9%
32 Va
32
32
32'A
32'/4
*31%
32%
*31%
32
200
68
68'/a
67%
68
67%
68'%
67'A
68 Va
67%
68
8
5,800
22%
23%'
22%
231%
23
23Va
22%
23 Va
22 Va
22%
6,300
;92%
93
93
*31%
com
Colorado
92
VaANMftf
39%
39%
23Va % 23%
No par
com
9%
44%
44%
46%
No par
20
Inc
of
Gas
div pref
*92 Va
93'/a
92
92
*90%
91%
x39 'A
391/2
39
39
38%
39%
38%
39%
1,600
23%
231/2
23%
23 Va
23%
23%
22%
23%
5,400
70
No par
28%
28%
28%
28%
28
28%
28
No par
44%
45
44Va
44V2
43%
44%
43%
44 %
43Va
No par
43%
13,700
7,800
38%
39%
38%
38%
38%
38%
37%
38%
preferred
35%
100
37%
20,400
*107'/a
108
Ne per
31%
33
32%
Quake? Stats Oil Refining Cor»—l*
*23%
24
*23 Va
Pullman
5
July
Co
El &
46%
Purltv Bakeries Corp
May 18
Oct
1
No par
preferred
cum
Service
$1.40
com
61
preferred series A__50
Industries
Pub Serv
25
*25 Ye Feb
conv
*HVa
8
Publicker
Pure
5%
9
July 12
25% May 25
cm
Inc
Oil
(The)
conv
Range for Previous
common
STOCKS
108
28'/a
108
*107%
108
28%
*107%
108
32%
32%
32%
32%
23%
23%
23
*107%
32%
24
28%
23
108
32%
100
32%
23%
*23
4,700
200
I
LOW AND HIGH BALE PRICES
NEW YORK STOCK
Range slnee Jan. 1
Highest
Lowest
9 per share
200
*107%
28% May 25
I per share
95%
prior pfd—100
Pittsburgh 8c West Virginia
100
2
70% May
106%
I per thare
*92 %
34
27
Highest
95%
115
Procter & Gamble
Year 1647
*92%
103
35% May 21
71% Jan
9
*21% Feb 28
95%
33%
16
Dee
*92%
102%
27
24%
95%
;
13,500
*107%
8% Feb
Feb
31%
115
30% Apr
62 Ya Feb
Apr
1
40% Mar 17
30%
103
Feb
28
70
32%
*107%
Feb
Feb
8,300
31%
*102%
Nov
Dec
91
100
43
61%
19%
42'A
91
32%
*41%
*
18%
41%
91
31%
87
13%
14,000
20'/a
43%
No par
71%
Lowesi
28
common
preferred
5%%
16% May 20
14% July 12
11% May 18
29%
*12
600
450
32%
91%
74%
98%
19%
*90
91
180
110%
107 7/a
*95
*106%
42%
44%
44%
*90
43
43
*90
8
20 Va
19%
.
110%
99
107%
11%
13
15
*85%
*92
19%
44%
91
99
107%
61'A
28
22% July 16
95%
99%
108%
11%
12% Feb
32% Jan
95%
100
31%
111'/a
99%
*107%
60'A
12% Jan
Jan
32%
lllVa
99%
108%
600
*44%
Oct
38%
32
23
45'/a
Nov
30% May
9
19%
44%
*90
22%
61%
19%
Mar 11
90 %
23%
*44%
15%
81
19%
44%
90
*22%
1
12%
Mar
common
19%
44
5,200
111%
111%
111%
120
23%
23%
♦23
23%
100
B
46
BO
1
3
100
111%
*98
*107%
450
53
100%
23%
100
Pond Creek Pocahontas
0
14
Feb
23
53
53%
23%
Plough Inc
Plymouth Oil Co
Jan
29% Feb
102%
23
23%
common
52%
100
11% July
33
Feb
24
54%
Pittston Co
Oct
18
102
23%
23%
6%
7
Dec
Jan
*100%
24
No par
preference
7%
24
July
Jan
32%
53
102
24
1,600
46% July 13
35%
15% May
85 % Deo
53
*100
24%
Pittsburgh Plate Glass Co
Pittsburgh Screw & Bolt
Pittsburgh Steel Co com
July 15
94% May 14
82% May 10
14%
8
53
100
23%
di
♦53
53
100
No par
common
Pitts Ft Wayne 8c Chic Ry com—100
7%
gtd preferred
100
Apr 14
July 15
38
9% May 10
17%
21%
Apr
19% May
11% May
16
Co
17%
34%
20
Jan
38%
2,500
23%
160
13
100
15
36'/a
28
Feb
103
14%
23'/a
11
15
*102
35%
27
Dec
*101%
15
14%
15%
23'/a
Jan
20%
15%
200
36
73% Feb
10% May
102%
15%
68,000
23
1
9
102%
15%
600
13%
27%
35%
2
71% Mar
103%
15%
16%
13%
27%
13%
22%
10
Sep
17
13 '/a
*27%
35%
39% Jun
84%
*102%
13%
1,500
103
103
103
*27%
22%
13
10% Feb
15%
13%
28
28
100
/
28
*16%
14
*27%
■
35%
20
140
17%
13%
28
22%
Feb
Oct
96
35%
Feb
Dec
*16%
17%
96
22%
8
200
100
17%
17%*
14%
96%
35%
34
Oct
13%
*27%
33%.
96%
96
95%
10
33%
1
10% Nov
93%
17%
33 %0
96
35%
1
42%- Feb
15
95%
113
*33%
57%
$4
15
Apr
140
100
95%
*111%
35%
Pitts Coke 8s Chem Co com—No par
$5 convertible preferred—No par
8
May
8% May
69 % May
67
Jan
94%
113
*34
Pittsburgh Forglngs Co
169
81% May
21% May
111%
35%
Pitts Consolidation Coal Co
155
Deo
111%
112%
*33%
23 % Jun
16
May
*111%
*111%
35%
92% May 26
36'/8 July 15
26
May
113
*33%
63%
10
Feb
67
700
*112
56%
15% Jun
Jan
33%
44%
Pitts C C 8c St Louis RR
157
Dec
43%
17%
Flllsbury Mills Inc
145
9
44%
63%
14
Jan
Sep
*43%
58%
Jun
Aug
10
44%
18
5
34% Jan
103 % Jan
110
169
21
44%
Phoenix Hosiery
203
May
17% May
44%
64
7
Nov
171
44%
57%
14% May
Aug
Apr
39,700
45
17%
63%
15
163%
114
7,500
20%
*44
17%
-77% Jun
165
7
19%
20'/a
3.60 series preferred
100
Phillips Jones Corp com
—No par
5% cumulative preferred
100
Phillips Petroleum
No par
90% July 14
99%
32%
19%
21%
58%
4%
'
,
113
19%
20%
?
Philip Morris 8c Co Ltd
46% Apr 23
22
*111%
19%
21%
Corp: common
3%% preferred series A
91
87% Jan
113
19%
21%
Phlla 8c Reading Coal 8c Iron
2
36
85
*111'/a
*111%
19%
Philco
3
21
10% Mar
20% May 22
45 V2 July
9
97 % Jun
113
197/b
21%
preferred
4.3% preferred
July 8
32% July 12
8
113
21%
3.8%
Jan
111 Va
19%
No par
Co common
preferred
4.4%
87
113
2,800
10,800
31
64%
$1
8
Jan
*27%
17%
9
Feb
43%
31
58%
10
19
*27%
63 Va
111
22
31
17%
103% Jun
Jan
*27%
59
14
Jan
31
63%
2a
14
*27%
*
17%
Jan
28
31
iheree
?;> '
.
62 Va
Phlla
2
83 % Apr
8
25 Ye Mar 16
19 %
58%
Apr
98% Mar
14%
19%
64%
91
Nov
Deo
13%
20'/a
20%
58%
25% Jan
Oct
21
85
14%
19%
13%
19%
64
105
"lO'/a
13%
13%
58%
115 % Jun
Jun
13%
20 Va
13%
19%
Pfeiffer Brewing Co
N0 par
Pfizer (Chas) 8c Co Inc.
——1
.28
Phelps-Dodge Corp.
Philadelphia Co 6% preferred
50
$6 preferred
No par
20% May 15
21
109% Aug
13%
19%
13%
15%
26
104
the Weak
I per ehare
I
Jan
120 % Aug
Deo
95
Deo
Bales far
I per thare
19%
Petroleum Corp of America
64% July 12
Apr
4%%
Friday
July 16
9 per there
19
*27%
Thursday
July 15
July 14
21%
-
104
Wednesday
I per share
19%
Peoria & Eastern Ry Co—,..
Pepsi-Cola Co
11
I per share
21%
conv
6
26
BALE FKICEfl
Tuesday
July 13
July 12
*111%
series A pldL____ioo
Peoples Drug Stores Inc.
5
Peoples G L & Coke (Chic)
100
6
May
49%
3 V-j %
5
Apr
9% Feb
CLOSED
Pennsylvania Salt Mfg Co com——10
30% Jan
Dec
EXCHANGE
Monday
80
24% Jan
12
STOCK
100
13% Jun 2fc
May 12
f per ehare
'
21
No par
Light Co
27
Jan
100
37
Power 8c
Pennsylvania RR
34
8% May
36%
T
34% July
Deo
May
13%
45% Jan
-10
preferred
Penn
July 6
May 24
Apr 22
(265)
STOCK? RECORD
Saturday
July 10
EXCHANGE
$ per share
*107
45%
CHRONICLE
LOW AND HIGH
Nlff YORK STOCK
Lowest
f per share
7
FINANCIAL
STOCKS
Year 1947
Lowest
I per ehare
YORK
&
itatferday
July 10
EXCHANGE
$ per share
Par
Monday
$ per ehare
I per ehare
July 12
Wednesday
July 14
Tuesday
July 13
Thursday
Bales far
Friday
July 16
July 15
I per there
$ per thare
I perthare
the Week
9 perehare
Shares
R
i>
■
■f
m May
18%
10%
80%
Deo
>1% Deo
84%
Feb
Feb
15%
Dee
7% Feb 20
63% Feb
7% Feb
Jan
105% Mar
11
27
91
Mar 31
15
Jun
Radio
17
Corp of America com—Mo pa*
$3.50 oonv 1st preferred—No pat
75% May 27
11% May 19
98% Jun
4
18% May
41
Feb
28% Mar 11
347/e Jun
17% May
12% Deo
32
Dec
22% Feb
20
35% Jun
14
Feb
31
Jan
28
35
Radio-Keltb-Orpheum
138%
16% May
17
22% July
48% July
Deo
>13
Nov
*39
6% May
;B6
18% Feb
Oct
li
May
16% Feb
108% Mar
16%
20
36% Feb
24
16
39
Feb
10% Feb 24
101 1 Jan 21
Feb
11% Feb
11
May 17
27% July 12
Apr 27
Reading Co
1
If
It
common
14%
13%
14'%
13%
14'/a
13%
13%
12%
13%
EXCHANGE
71%
73
73%
73'%
73%
73%
73%
74%
73
73
CLOSED
8%
8%
8%
8%
8'/a
8%
8%
8%
8 Va
1,000
8%
i
10,700
*95
96'/a
96'/a
95
95
*93
95
10
:%
*32%
33%
32'%
32'%
*32%
32%
31%
31 Va
*29'A
31
200
f
32%
31%
32'%
31%
31%
31%
32%
30%
31
3,400
f
34
33%
33%
33%
33%
33%
33%
500
2634
25%
26%
25%
7,600
32
*33%
27%
*95
34
♦33%
27%
X26 '/a
95
,1
66,400
*93V2
25
26%
24%
4%
non-cum
1st preferred
50
*42
43
43
44
44
4%
non-cum
2nd preferred
50
♦36%
37 Va
♦36%
37%
37%
37%
*37
38%
I
♦13%
13%
*13%
13%
♦133/a
133/4
*13%
13%
.—100
105%
105%
60e
14%
14%
15
15
15
14%
14%
14%
15
1,300
prior preference
10
Reliable Stores Corp
No par
Reliance Mfg Co common
5
Conv pfd 3%% series—
100
Remington-Rand common
-BOo
2
15% May 27
105% July 12
18
10B
No par
14%
10%
10%
10
10%
*10%
10%
10%
10%
10
10
1,500 ' .'t
23%
23%
23
23
*22%
23 Va
*11%
12'A
*11%
12%
*11'A
11'A
11%
11%
*62%
63
*62 Va
63
*62%
63
62%
63
13%
13%
43
44
44
*43
44
*41
43
100
13%
200
300
*
Jun
Real Silk Hosiery common
1%
preferred
—;
Reeves Bros Inc
May 21
Reis
(Robt)
*105
*105
107
.
15
108
*105
13%
108
*105
108
4-
101
Co—
8c
■
14% Nov
10
29%
11% Deo
20%May
pfd
Raybestos Manhattan
Rayonler Inc common
$2 preferred
45
31
July
1
Ralston Purina Co 3%%
18
STOCK
22% Mar 31
Feb
July 13
10%
Dee
62
Deo
12%
Deo
17
Aug
96
Nov
102
Jan
95% Jun
14%
Jan
33%
Oct
22% July 16
4% May
9%
Jan
6% Feb
17% Feb
.84% Feb
14% Jan
7
25% May 21
10% Feb
27
13% May 24
61% Jun
,
$1.25
10
64% May
fl
Mar 17
17
4
15% May 21
98
Apr
29% Jan
dlv
$4.50 preferred
8
13%
13%
13%
133A
13%
98
*22
23%
*22%
•62%
63%
180
13%
13%
300
11%
23%
11%
13%
9,300
J;
500
25
*95%
Reo Motors Inc
1
23%
23%
23
23%
223/a
23%
22%
22%
22'A
22%
1
10%
10%
103A
37/s
10%
10%
10%
11%
10%
10%
26,300
3%
33A
3%
3%
3%
3%
4,400
9%
9%
9%
*9%
9%
1,000
30%
;§:
5,000
Republic Aviation Corp
Republic Pictures common
7
t
A
33,600
98
*95%
*95%
98
*95%
98
*95%
98
i:
10
3%
Deo
8%
Feb
S% Mar
4
8%
Deo
15%
Feb
8% Feb
11
30%
Feb
22% Feb
22% May
101%
'
14
91
113% May
24% Feb
Deo
"May
Deo
\
110
Apr
11
11% May 21
31% Jun 14
Jan
5
111% July 14
15% Feb
10
21% May 15
82% Feb
17
96
103
11%
Feb
8% Feb
20
Jun
39
Jan
19% Feb
27
May
8%
19%
80
124
Jan
92
Deo
'
13% May 8
5% May 20
Mar 19
8
Apr
16% May
*■
44%
Feb
35% Apr 23
41% Jan
2
45
60%
Dec
46
50
Jan
8
94
Jun
1
May
May
7% Feb
11
11% May 26
85
Deo
Feb
May 6
87% Feb 18
19
*Apr
25%
Feb
20% Mar 16
24% May 18
Jan
18%
Dec
15% Jan 26
49
104
Rexall
May 15
29% Apr 22
104% Jan' 5
Feb
9
convertible
preferred
ti
50a
3%
10
9%
9%
Republic Steel Corp com
No par
6% conv prior pfd series A—100
Revere Copper 8c Brass com—No par
5%% preferred
100
19
16%
-
$1
11%
3%
Drug Inc—
Reynolds
5%%
.
Metals Co
1
2.80
com
No par
convertible preferred—100
Reynolds Spring
Reynolds (R J) Tob class B
31%
*109%
18%
*94
7'/a
25%
*101
31%
111
18%
96
7%
25'A
102
Preferred
3.60%
series
10%
10'A
10
35%
36%
lo
Common
1
47
100
*91%
>47
92%
3%
*9%
30%
*110
18%
*94
9%
9 Va
31%
1113/4
30%
31%
30
111%
111%
*110
181/2
18%
18%
*94%
96
7 Va
73/8
25Va
25Vb
7%
24%
*46
*91%
7%
36
73/4
6,200
94
7
73/a
24
24%
39,000
'
2,200
♦101V4
102
101 %
101%
9%
9%
10
9%
9%
1,800
36'A
36%
36%
36%
16,100
47
47
47
*46
*46
47
♦91%
92'A
*92
24%
400
17%
36%
93/4
471/2
7%
24%
25
110
17%
103%
*101
101% 102
10%
10'A
35%
36'A
110
18 3/8
95
*93
96
29
31%
113
17%
;
■\
92%
91%
91%
130
■
4
50
913A
*90 'A
.-•4
4'
100
i'
13%
23% May
31
Feb
22
Mar
9
Sep
10% Mar
5% Mar
B
vs Deo
20% Nov
15% Mar
5%
6% Feb
19% Feb
18.
i
Sep
24%
42% May
17% Deo
26%
19%
For
Oct
68% Oct
footnotes
Feb
see
page
17
5
14
8
Mar 16
64% Jan 22
14
Apr 23
24.
28
Jun
Jun
21
15
7% May 21
12
July 12
29% July 12
May 21
27% May 27
.22
72
May 28
18% Jan
6
Rheem
22%
22%
22
22%
Richfield
42%
44%
41%
43
*24%
25%
5%
5%
*24%
5%
Manufacturing Co
1
Oil Corp.
-No par
Ritter Company
No pa*
Roan Antelope Copper Mines
-
Robertshaw-Fulton
4%%
conv
Controls
preferred
Ronson Art Metal Wks Ino
Royal Typewriter
Ruberold
RupDert
Co
.
22
22%
213A
22
21%
22
1,300
43%
44%
42%
45V2.
40%
44
63,000
*243/4
25%
53/4
243/4
243/4
24%
24%
200
5%
5s/a
5%
5%
2,500
53A
11%
12
11 Va
117/b
11%
11%
11%
23
29
29%
29%
291/4
29
29%
28%
29 Va
S
*20
20%
20
20
20
20%
20%
.20%
241/4
*24
243A
24
24
673/8
66%
66%
15%
15
15Va
Co„1
1
(The)
(Jacob)
25%
57/B
•
23%
Ma par
*68'A
B
15'/a
69 r
15%
67%
*15
,
"
11 Va
11%
66 Va
...
20%
20%
233A
23
*15
11%
22%
''■22%
14,700
2,200
1,100
1,200
66 Va
62%
63%
600
15%
15%
15%
400
t
•
28%
29
-
■
V
„
'
4
COMMERCIAL
THE
(266)
I per share
Lowest
Highest
LOW
Par
$ per share
I per share
I per share
July 10
EXCHANGE
HIGH
AND
SALE PRICES
$ per snare
$ per snare
« per
for
the Week
July 16
July 15
July I t
$ per snare
Sales
Friday
Thursday
Wednesday
Tuesday
July 1.3
t per share
f per share
Monday, July 19, 1948
CHRONICLE
Monday
July 12
Saturday
STOCK
NEW YORK
Range sinoe Jan. 1
Highest
Year 1947
,
FINANCIAL
STOCKS
Ranee for Previous
Lowest
&
Shares
share
S
61% Jun
9
St Joseph Land
11
16% July
6
11
48% May 15
8t L-San F Ry Co com v t c__No par
Preferred aeries A 5% vtc
100
139 % May 28
39% Feb 44
Jun
85%
Jan
&yB May
12%
Jan
8% Feb
32% Feb
40
18
May
37%
Dec
66
Dec
68%
Dec
67
Jan
2
17
Dec
60%
Dec
58
Jan
29
17% Mar 19
48
*4674
48
93%
93
7a
93%
*92
95
9374
8% Feb
10
5
93%
93%
*93
93%
93
93
15%
15%
1574
87
84 Va
Jun
2
15
25% Mar
16
40 Ye
Deo
49%
Jan
39% Mar 10
51
May 27
92
Dec
103%
Sep
90% Feb 27
95
Jan
9
90
Dec
102 V* July
88 % Feb
93% Apr
7
v
13
13 y.
Nov
18%
Jan
13 % Feb
13
15% Jun
24
83 Vi
Dec
98% Mar
81% Feb
20
87
12
26% July
62% Jun
11V* May
24%
Feb
13% Feb
11
39% May
55
Feb
44
19
Feb
Dec
19%
Nov
15% Feb
Mar
17%
23
43%
Dec
35% Feb
10%
Feb
8% May
30 y8 May
11
Oct
5
6
7
14
59'/a May
Mar 25
31% Feb
40% July
Apr
20% Jun
10
11
6
7% May 21
42% May 18
5
16 %
Feb
16%
Feb
29
5% Mar 17
12% July 12
Deo
10% May
16%
Feb
9% Mar 16
14% Jun
6%
101
Dec
20%
Apr
110
10% Apr
Jan
30%
94
Feb
26% Feb
8% May 15
26
Dec
11
104
1
Jan 31
36% Jun
2
Louis Southwestern
i%
non-cum
Paper Co common
$3.40 cum preferred
Scovill Mfg Co 3.65%
5%
Apr
65
Mar
13
May
51
Feb
18%
Dec
117%
Deo
Oct
23
,
44
11
Feb
18
$4.50 preferred
Shamrock Oil
Dec
(W A)
39% Jun
18
13
90
19
98
Jan
Apr
July
9
777a
*77
14 7a
14
13%
*13 7a
1374
*13 7a
13%
137a
437a
67a
4374
437a
44
43
67a
674
5
5%
57a
574
33 %
33%
33 74
j.
~14%
Apr
*23
23%
*23
South Amer Gold «te
South Carolina
Feb
17
45
Jan
Jun
7
57
July 12
103%
28%
Feb
<
34%
Apr
50%
Deo
43% Feb
May
50%
Jan
33% Feb
20
70
July 12
5%
70
Mar 23
73
Jan
20%
Feb
15
Mar 10
20% May 20
7%
Feb
4
25
8% May 27
6
14%
Jan
Dec
93%
Jan
Jan
8
23%
Sep
31% July
23% Mar 18
29% Jan
2
16% May
8
May
24%
20% Feb
30% Jun
18
17%
Feb
68%
Dec
90%
Feb
13% May
!'
May
73
18%
Feb
Oct
57/a Mar 16
69 '/a Jun
20
7% Mar 16
14
May 15
61% Mar 17
74
May 14
15% Feb
23% May 15
16
27
Nov
45%
Jan
22
May
3
69
Nor
112%
Feb
08% Mar
9
23%
Dec
37%
Jan
83
Dec
17% May
81
May
89
May
50% Mar
■r
73
2
37 V4 May
63
Mar
23%
Jan
94
Dec
102
Aug
82
29 % Jan
2 '
Jan
29
2
29 % Jun
3
Feb
11
91% Jun
10
22% Mar
104
36%
Jan
19 % Feb
27
114%
Feb
86
Feb
11
106
Jun
25
115% Jun
25
73
Jun
15
27% May 15
30%
5,000
29%
307a
29 7_>
30
297a
30%
29 74
30%
29 7a
29 V2
12,^00
62
627a
61%
627a
6074
627a
59%
61%
60
20,900
par
49%
5074
49%
50 7B
487B
49%
47
49 7a
46 7a
47%
7,900
697a
70
697a
70
6974
70
*69
69%
69
69%
1,400
100
*70%
73
*70%
73
*70 7a
73
*70%
73
*18
19
*13
18%
*177/a
18%
17%
18
177a
500
7
77a
77a
6%
7 7a
6 7a
7%
6,800
8
7%
77a
*77s
7%
300
*69-
71
*69
71
2,200
2774
2674
277a
267a
26%
26%
267a
26
26 7a
29%
30
3074
307a
30
3074
29%
3074
287a
29 7a
7,000
2
11%
12
1174
12
ll5/a
11%
11
Va
11%
11
11%
10,900
No par
7074
72
73
73
727a
73 74
73
73 74
72 74
72 %
270
217a
217a
21
21%
207/a
217a
20%
20%
197/8
207a
5,000
26
257a
257a
25 74
25 %
500
101
100%
10074
100 7a
100 Va
:
com
preferred
*25%
26
26
*102
103
No par
28
2874
28 7»
285/a
No par
Inc
26
No par
Brands
89
89
83
89
26
257a
Standard G & E Co $4 pref—No par
25%
101
1017a
xlOl
*
1047a
$7 prior preferred
No par
Oil of California—No par
11174
112%
71%
727a
71
72
51%
51 74
517/o
*102
1117a
1117a
28%
27 7a
28
88%
88%
*88%
89
400
14.mo
104
*101
111
110
23
1
i
0 7a
103
lu/
104
5,100
24
*99
257a
24'/a
1017a
111
104
103 7a
28
25%
25
26
25%
No par
$6 prior preferred
230
28%
88'%
28 74
*88
lu., %
200
l.iuU
53
Jun
16
Standard Oil of Indiana
23
507a
15
Standard Oil of New Jersey
25
86 74
87
85%
86
85
85%
84 %
8574
81%
35
Jun
14
Standard
10
33
33%
32%
327/a
32%
33
32%
33
30%
31 %
13,100
967a
95
95%
*94%
95 %
500
14 74
14%
14%
137/a
14 %
5,200
41%
42
41 %
41 Va
400
39
39
105
38
Feb
Oct
37
Feb
10
Jan
11% Mar
34
Dec
49
Jan
32% Mar 12
88
Dec
30 %
104% Mar
88
Feb
10
Mar
Nov
36%
Oct
27
13% May
14% May
19%
Feb
12% Feb
24%
Oct
19%
21%
Jan
10% May
17
Feb
11% Jan
16
25%
Feb
16 Ys Mar 16
9
11
Standard
33/«%
Ohio
of
common
100
preferred series A
Standard
4%
Oil
Steel
Spring
common
967.
9674
*9574
14%
14%
14 %
14%
1474
427a
*417a
*41%
preferred
50
(The) L S
_No par
*417a
.
'
17
15%
Feb
9
109%
Apr
94
40
3874
3874
*38
39
*38
39
14%
1474
147a
*14 7a
14%
*14%
14 7a
*14 7a
14'/a
200
39% Jun
8
Sterling Drug Inc
S
3674
37%
37 7a
377a
37
37%
3774
36 74
36%
3,200
97
7
95%
95%
95
95
33
Jun
36% May 21
16% May 26
common
3%%
preferred
Stevens (J P) & Co Inc
9574
*95
100
,
75 % Mar
125
Oct
12%
Sep
2
8
Stokley-Van Camp Inc
5% prior preferred
33
18 Vo
July
1
Stone
50% Mar 19
113% Jan
31
9% Feb
11
19% July 7
23% July 16
32% May
8% May
45%
17% May
101% Jan
24%
29 % Jun
15
11% Jan
7
98% May 25
70%'Jun
9
120
July ,1
15% May 24
21% Jun
9
26% Jun
21
Jan
34% Mar
2
43
13% Mar
9% Mar
1
11% Mar 31
Oct
Dec
160
13
May
24%
30
May
47
18% Feb 11
140
1
Mar
July 13
28 % Jun
235
Jun
11
19% Jun
9
Mar 12
44 % Jun
14
21%
Oct
37%
Jan
27%
Jan
28%
Feb
104% Mar
10%
Feb
Class A pfd
15 74
14%
15Va
14 7a
14 %
3,300
15%
15 74
15 7a"
15'/a
15 %
15
15%
3,400
19
19
19
19
19
8
,3
9
7% May 18
177a
16%
17%
16 74
16%
7,100
28 Va
26%
277/a
25 74
267a
19,000
9%
4,100
97%
687a
68
687a
11974
*119
68 7a
120
120
14
147a
14'7a
1474
25
20
20%
2074
2074
74
147a
*20
97»
9%
974
98
6878
687a
120
9%
*97
98
*97
98
68
68 7a
121%
*120
687a
*120
3,200
1217a
70
147a
1474
14%
1374
147a
41,500
20%
20
20
20
20
2,200
2474
24
2474
7,200
,
247/a
247a
24%
247a
23%
42%
4274
43
42%
42
427a
41
41%
107/a
1074
107/a
1074
10%
10%
1074
10
10%
6,900
No par
27
27%
267a
277a
267a
26%
26%
267i
26
26 Va
3,600
25
■232
Superior Steel
(The)
:
California
227
230
230
232
24%
*42
229
7a
219
18
225
*211
2,700
220
800
187a
17 7a
18
1,700
43
42
42%
50
;
18 74
18%
18 74
18%
187s
lo
Corp
427a
42%
42%
42%
*42 74
14
*12 7a
13%
12%
12%
12%
12 7a
1,500
347a
34%
34
34%
34
34
2,500
347a
167a
237a
,
Sylvania Elcc Prod Inc com—No par
$4 preferred
J—:—:
No par
Symington Gould Corp
347a
16%
2374
88
25
Swift International Ltd
*12 7a
14
*13
(The)— 4.16%
8s Co
88
23 74
I per there
•Per
'90
x6%
7%
AND
klGH
18%
43
17
237/a
90
7
*42 7a
500
16%
1674
16 7a
16 7a
12,600
23 VB
237a
22%
23 74
4,400
917a
89
89
*39
6%
67/a
6 7a
40
6%
7,000
SALE PRICES
Wednesday
July 14
Tuesday
July IS
I per share
t per share
237a
2374
91
7 7a
LOW
July 12
July 10
167a
1674
163/8
*88
Monday
Saturday
<
EXCHANGE
34%
347a
7%
7 7a
1
MEW YORK STOCK
Range since Jan. 1
Highest
f per share
68 7a
24
Lowest
Highest
*97
*97
STOCKS
Year 1947
9%
97/a
9%
9%
97%
*97
1074
Swift
Jan
7a
42
19
Jun
17
27%
12.50
27
22
177a
28 74
—10c
16% Jan
90% Jun
400
17 7a
B__—25
367* Jan
26
19
Sunshine Mining Co
6
14% May 14
17% Feb 27
*18 %
Sunshine Biscuits Inc
25
80% Apr 21
4% Mar 12
19
27 7»
1
Sutherland Pgper Co
Sweets Co of America
10% July
X30% Feb
*18%
17%
119
series
•
28%
cum)__,__100
A
2,800
157a
157a
9%
1
;
33%
157a
28
No par
series
32 74
337«
1574
177a
1
No. par
!
(4%%
Sunray Oil Corp
4% % preferred
4%% preferred
Range for Previous
I per share
preferred
common
Superior Oil of
Feb
Jan
Bun Oil Co
*
32%
500
96
157a
No par
;
(The)
Corp common
17.
14
38
Jun
Chemical
$4.50 series ;A
Superheater Co
Feb
14%
Sun
9
Mar
30%
& Webster
Studebaker Corp
X32 %
*94
19
20
i
96
15 7a
15 74
1
common
*94
200
337a
34
3374
5
Jan
37
157a
15
Stewart-Warner Corp
Jan
4
33,600
14 74
18
Mar
25,000
l
20
Mar 17
50%
83%
Starrett Co
3
6
437a
12,500
Sterchi Bros Stores Inc
27
Mar
52
69
41% May 26
•
13 % Feb
50%
•
67
71
68
42
43
*38 7a
convertible
52
■517a
97
*95%
1
717/a
71
15% May 21
'
0
11
43% May 11
11
47
I per share
*69
71
*69
267a
92% Jun
18
Lowest
8
71
*69
16%
11
May
6% May
71
77a
*7%
13
May
Dec
7%
7%
7 %
27
12
Dec
*
73
24% Feb
37
79%
7%
*70
1
1
preferred
$3.50 cum
7
58 7a
5
& Sons common—_1
Square D Co
Squibb (E R)
$4
100
307a
69 % Feb
Feb
18%
preferredt-j-
Spencer Kellogg Se Sons
Sperry Corp (The).
Spiegel Inc common
Conv $4.50 preferred
Standard
1,800
42
30%
36% Feb
49
2b % Dec
417a
42
30%
*42
July
41%
Jan
40%
43 7a
3074
43
44% July
15% May 21
Dec
41 %
30%
*41
43 7a
80
97% Jun
7%
41%
42
417a
307a
*41
31% Aug
10
114
42
43
27
17
May
417a
41%
41%
*41
27
Feb
July
2,200
97% Feb
11% Feb
10% May
1,000
14%
54% Jan
91
51
56
14 74
Feb
Feb
105
*55 7a
14%
July
Jan
May
56 7a
14
63
17%
Jun
56
141/2
125
10% May
Jun
57
30 7a
preferred
Spalding (A G) & Bros Inc
Spark* Withlngton.Spear & Co common
$5.50
100
57
147a
307a
Mobile Jt Ohio stock tr ctf*
7% Jun
14,300
7%
No par
58% Feb
26
1,300
4
45
1
1
No par
1
Feb
Aug
Feb
77a
45
48
100
77
81
May
4y« May
7%
No car
88
15
4
4 7a
8
*45
No
_
common
87% May
non-cum
2.100
L7.50
J
6
103
30%
Co
4^-
Nov
102%
14%
25
Edison
Southern Natural Gas
Railway
103%
57
Southern
July
California
64,100
23
_i
preferred
100
20
147a
Southern Pacific Co
22
8%
750
23
197a
567a
50% Jun 23
,
9
•
97%
57
11
Jan
8'
48
1,800
36
87
1474
11
34%
774
35
97
*22 7a
4
4
4
*45%
1,200
1,100
147a
30% July 12
62% July 9
Deo
4%
22 7a
31
*84 7a
23
103%
8
22 Va
30%
207a
20
48
77a
1,000
967a
*22
103%
148
57
20% Feb 27
27
Mar 17
*103 7a
142 %
*
50
,
Southern
37
103%
59.600
36%
87
96%
23
28
23
36 74
207a
100
26 7a
32%
*85
103
2,200
317a
42
50
preferred
conv
preferred
5%%
Southeastern
30% July
36% Mar 17
Dec
377a
87
*85
*1017a
31 %
*40 7a
*45
25% Mar 16
127# Mar 11
Jan
42%
2174
32
207a
4 7a
6,000
153 7a
148
23 7a
23
*45
5%
57a
5%
5 %
3374
23%
8
48
8,200
29
217a
4%
77a
G Co com_4.50
11,800
6%
27%
1027s
103 72
*4
Platinum—,—1
&
Greyhound Lines.,
5
South Porto Rico Sugar com—No par
Jan
56
Nov
28
5%
pfd_100
4%
42%
297a
20%
21
207a
16% Jan
8,
43% May 24
42% Jan 15
22%
37% May
40%
May
9
E
15
74
67a
67a
33
*37
37%
Smith & Corona Typewriter—No par
July
39
3774
37%
40
X77 7a
41%
23
98
May 17
52
54%
37%
100
437a
417a
*32 74
88
Solvay American Corp
Nov
23%
32%
*96 7a
14
42
23
32 7a
*86
104% Jun
9
2374
33
98
Socony Vacuum Oil Co Inc
8
2374
33
20
200
1,200
1374
32%
155
4,400
*13
33
155
25 74
.
13 7a
42
28s/a
152%
88
9
15
152 %
98
16
25
77 7a
32%
287a
16,500
12,300
147a
*40 7a
v
287a
10
34
43
14
6%
5%
57a
5%
33 74
*40 7a
297a
6 7/a
67a
42
*86
Jun
4
42
152
151
437a
*
67a
100
Jun
24
44
700
8,600
33
14
*13%
7%
12%
417a
-
78
147a
_100
26
3% Jan
257/a
2674
77 7a
preferred
23
5% Mar
25%
26
preferred
5
Feb
2574
Smith (A) Ss Sons Carpet Co com__20
11
Jan
26 %
14%
^-15
14% Feb
8%
437a
26
*76
„_10
19 'A Feb
~5%
;
427a
44 7a
777a
Corp_
Dec
Oct
34%
43
997a
26
Oil Co_r
Jaii
May
3374
44
29%
17%
5%
347a
43
*40%
35%
"~3%
1,100
98
93
93
*98 7a
34 74
_No par
Dec
99% May 11
99
*9872
44
No par
•
7%
12 7a
35
No par
cumulative
7%
13 7a
43%
Simonds Saw & Steel
4.20%
7%
12%
34 74
Sinclair Oil Corp
3% %
77/a
13%
1
1—
13% Mar
23 V*
.■>
1374
147a
Silver King Coalition Mines
Co
77a
13 74
8
77a
137a
*98 7a
1
Skelly
87
51%
*75 7a
Sloss-Sheffield Steel <fc Iron
30% Mar 17
557a
.>.—15
3
Oct
17%
54
14%
a
14
Jun
3,300
177a
77%
America
Corp of
21
39%
55
14%
Pen Co—
Jun
102%
2,400
53 74
1774
5674
*17 7a
No par
24% Jun
96% July 15
29% May
87%
177a
357a
No par
G")
(Frank
(A O)
58 74
17%
99%
34
1
Corp
8
1374
*98 %
No par
Qas
«fc
/Shell Union Oil
Smith
24 7a
57
800
13%
35% Jun
160
10
2374
5974
2,800
*7 7a
Simmons
25
59 Va
19,000
—1
11
Feb
Apr
8
21
55
9,900
24%
597a
6%
Co
13
92% Feb
28
Jan
32% Jun
35% Mar 13
15
177a
547a
100
85
12'/a
28% Feb
May
177a
55
*82 7a
397/a
Feb
14
1774
86
257a
25
*58 7a
60
55
—1
Sheraton
*86
257a
257a
*58
17%
—5
Refrigerator
Sheaffer
15%
87
100
39
Dec
39
1574
*86
87
Servel Inc common—
Shattuck
May 15
1,300
Selberling Rubber Co
2
7% May IB
15%
15%
12
9%
36
120
15 7a
15%
—
*6
35%
3
927a
6 74
Dec
14
93
927a
127a
12
4% Feb
49
93
40 Va
Feb
27% Feb
*47
*47
6%
22
Feb
43
*46%
190
12
'12% Mar 16
Jan
32,200
39%
Feb
6%
31 %
6%
21%
41
x30
12%
Deo
4
Apr
27% May
33
407/a
14%
1
31%
15%
Sharpe St Dohme common
No par
$3.50 conv pref series A___No par
5
32%
672
Sharon
15
317a
40 74
44% July 15
7% Jan
327a
*12 7b
78
13% Jun
317t
127a
27% Jun
46% Jun
5,300
32'/a
6%
41%
11
11
13%
12%
11
5% Mar 17
19 74
1117a
137a
6 72
407a
25
11%
137a
111%
14
6%
Feb
24% May
8% May
197a
111 %
1374
127a
17% Feb
9
197a
111%
14%
41%
68
Mar
1974
111%
14
*6%
Oct
15% Jan
18%
11174
12%
Steel
4,900
19%
41%
Feb
10
220
No par
Sears Roebuck <fc Co,
Jan
Apr 21
89
—_—5
Seagrave Corp
82
Feb
89
14%
*86
1
40%
30
83
*88
31%
No par
33%
May
90
1117a
2574
Deo
18
90
23,500
14 %
59%
Seeger
12 74
18%
59 %
;
117a
*92
1117a
25%
Co
127a
14%
100
Seaboard Oil Co of Del
95
12 Va
19%
t c—No par
Seaboard Finance
20
96
94%
12%
1117a
v
com
50
117%
97
147a
19 '/a
preferred series A
Seaboard Air Line
7,600
127a
*88 7a
111
cumulative preferred—100
3.35%
4,400
29,200
907a
1274
89%
54
45
1274
98
*95
12%
(The) common__5
Scranton Eleo Co
-
12%
89 %
pfd—100
cum
70'
24% May
117 7a
9374
93%
113
Feb
120
48
21% Jan
5
Jan
120
125
*95
*93
108
11%
*122
*01%
91% May 20
St
125 7a
44 7a
48
*46%
13% May 27
18
55%
*122
14
16
147a
15
53 7a
55
53%
45
NO par
13
Feb
7Y4 May
467»
No par
Feb
23 7a May
16%'
45%
Scott
8
79
Jan
157«
47
July 9
35% May 21
Oct
114% Mar
1674
46 %
96'
12
Deo
15%
46%
126
Jun
Deo
55%
56
16 %
463/8
STOCK
*95
16
Deo
108
55 %
5574
55%
157a
CLOSED
122
Jun
8
X20
56%
EXCHANGE
Ry. Co—100
preferred
100
St Regis Paper Co common
5
1st pfd 4.40% series A
:_100
Safeway Stores common
:—5
5% preferred
100
Savage Arms Corp
5
Schenley Distillers Corp
__1.75
101
80
98% July
26 % July
10
.
I per share
| per there
Friday
July 15
Bales fer
July 16
Thursday
t per share
the Week
Shares
1 per share
T
10
May
3% May
13 % May
63%
Sep
10%
Jan
46% May
21% Jan
14
Feb
7%
9% Mar 16
Jan
3% Feb 11
20% Aug
68% July
Dec
24
58% NOV
47%
Dec
14% Mar 16
.52% Feb
14
17% Feb 27
47
Feb
13
37% Feb 10
11% May 21
57a Jun 28
19% May 27
Talcott Inc (James)
Telautograph Corp
Tennessee Corp
67
Texas Co
Jun
15
Texas
Gulf
Jan
34%
41
Jan
13%
Dec
18%
Deo
Dec
29
58%
Feb
45% Feb
15%
Dec
11
19%
Dec
Feb
10
.
3
Mar 11
17% Mar 27
24
May 22
12%
Deo
21%
Feb
41
Dec
59%
Feb
28
Jun
30
46% Jan
12
May
17%
Feb
12% Apr
15
15% May 21
For
7% Jun 28
-14% Jan
8
9
$1.25
conv
see
page
24.
11%
5
18
61
6374
19,200
11,900
65%
-6474
657a
63%
647a
1
24%
247a
237/a
247/a
69%
700
2,500
23%
247a
22%
23%
22
23
71%
69 74
717a
69 74
7074.
69%
707a
677a
68%
10
50
50%
50 74
5174
51
517a
487a
5174
4974
50 74
7,300
1
42
42
41
41%
41
4174
39%
4.1
38%
397a
6,500
62
62
6174
61
62%
61%
62
6074
61
1,300
16
16%
157/a
157a
6,300
.
8,300
,
100
,
common...:...
50c
*
No par
:8%•
*29%
preference.——No par
No par
19 %
)
*13%
"
6174
1678
8%
30%
167a
15%
197a
197a
*18%
87a < '8%
30
\
*13 74'
;15
16
20
*1974
20
■n
footnotes
5
17%
6474
ctfs_
preferred
*10 7a
57a
19
65 %
CLOSED
25
Thatcher Glass Mfg Co common—_5
$2.40 conv
The Fair,
11
574
1774
65
Trust—
Texas Ss Pacific Ry CO—
Ine
*10%
5%
18%
19
!
56% May 12
Textron
11%
57a
*177a
No par
Producing,;
share
5%
187/a
x
Gulf Sulphur
Sub
*10 7a
11%
57a
18%
Pacific Coal & Oil_
48% May 13
65% May 24
20% May 24
*10 7a
5%
18
,
Texas
Land
11%
5%
EXCHANGE
5
Texas
Pacific
no 7a
STOCK
5
—;
25% May 8
71% July 12
Texas
15%
(The)
9
1
30
14
;
>'
87a
8B/a
*30
307a
*1374
14
87a30
*1374
16
1574
*19
19%
87a
■
87a
19%
400
8 74 '
30
29%
13%
137a.
13%
2,700
3074
260
'
200
Volume
108
Number 4717
THE
COMMERCIAL
NEW
Range for Piifbit
13 %
tper share
Feb
8
NEW YORK
Mar 16
i
per
Thermo id
19
Third
9
Thomas Steel Co
10% Jan
8
Thompson
60%
Feb
14%
Feb
40% May 11
7% Feb 19'
24%
Oct
19
13 Vb Apr
24
Jun
Sep
,
16%
Feb
39% Feb
59 % May 26
May
•83
Dec
59%
106
3% May
20
May
18
19% Mar 16
29
19% Feb
32% Jun
Feb
13
95'% Jan
2
4%
:
Dec
112 % Feb
15% Nov
Dec
38%
11
97% Mar
2
12% Mar 16
Jan
19
Jan
•
Dec
Dec
23
25% Mar SI
48
Jan
33
Feb
16
36% Jan
104,
34% Aug
Jun
92
Jan
27
16
Feb
Not
61 ye
Feb
»% May
17 V*
Oct
.
5% Mar 4
.
24
-
Jun
17'
9% Mar 16
•
fi% May 27
I
3,100
4,100
10
55 Va
55%
55 Va
94
56
*92
94
55%
*
*92
23'A
,21
22%
22 3A
23
22%
50%
51'A
50 ¥4
12%
13
12%
12 ¥4
14
14'/a
13%
14%
19
18'%
18%
*17 ¥4
18%
9¥a
9 ¥4
9%
9%
9
105'A
104
104%
12%
S
Corp .common..—1
i.
12%
14
14%
*18%
•19
*18%
9%
10%
105'A
:__No par
105 V4
No par
*98%
City Rap Transit com__No par
9%
__
preferred
j,
prior preferred..
106
*105
106
12%
12¥b
14
14%
105
200
•
19,600
.;x-
.
1,370
22%,
3,600
12%.
f12 %
4,900
13%
:
13%
16%
16 %
900
9 %
19,300
3,200
104
c
110
18%
20%
18%
18%
18%
20%
18%
20%
18'A
21%
20%
21
20 Vb
20 ¥b
35'A
35'A
*35%
35%
35'A
35%
35%
100%
*98 '/a
35'A
100 Va
7'A
7'A
*27 %
28'A
28%
30'A
11%
11%
11%
11%
1
18%
18 %
99
8
99
7%
*98'/a
103
v
6,400
50
50
7%
50
Co
9%
*105
'51
3,300
v
•
29
*104
51'A
18%
conv
104 Va
22%
21%
35'A
Co&oh
3%
26¥b
28 ¥4
49'A
18%
Twin
"
22%
21%
35'A
5 %
104
1,900
IT
3%
*25
".
30 ¥b
51
par
Twin
3¥a
26 %
29%
22 %
preferred—_^_No
prior
104 Va
3%
*25
50 Va
_2
__^__No par
S4.50
104
30 %
100
55%
94
*92
.No par
Western Air Inc
conv
3¥b
28%
30%
54 ¥4
94
Bearing..
Century Fox Film com._Nd par
$1.50
3%
*27
*92
!___—5
preferred
20th
55%
94
Axle....
Truax-Traer Corp
21
14 y»Jao
11
23
*9'A
104%
$6
11
32% Jan
10¥B
22%
10
104%
TrLContinental
5
100% Jun
11
23 ¥b
*9
104%
Transcont-'l &
1
10 ¥4
22%
10
104%
Transue & Williams Steel_j__Nd pax
July
10¥b
23%
3 3A
JTransamerica Corp.
170
.
„
10%
30%
22% Mar 11
19
55%
±
900
8%
42
*9
28'A
23% Apr
11
10% May 15
105 % July 12
*41'/a
23%
3%
21
Jun
5% Feb
8%
42'/8
9%
30%
Roller
8%
41%
Wsek:.
there*
11
*27'A
Timken
ib•
23%
3%
55
;
55 Vb
'
31%
27
8%
23'A
10
*92
42
Friday
July 16
1 per there
11
23'A
*9%
10Q
*41'/a
8 ¥4
Thursday
July 15
t per share
9%
23
par
8-%
42
28%
Mar.16.
15% Jan 22
11%
Va
3%
10% Feb
12
*10%
*41
30%
44
Feb
Co
41%
<t per share
8%
28%
Oct
Jan
CLOSED
8%
com__Nopar
Jan
Nov
com___.No
28
FRICSt
July 11
$ per share
9
41'A
1
i—
i
Detroit
7%
EXCHANGE
BALK
Wednesday
cum preferred..:
..No par
Water Associated Oil com___lo
$3.75 preferred
i—
No par
Timken
22%
8%
$3.50
23% May 27
,
STOCK
HIGH
July 13
,
$ per share
#
15
Products
Mar 17
7
Corp__No par
(The)
preferred
17
May 21.
50
4 per share
AND
Tuesday
July 12
Tide
104% July 12
13% Jan
L
R)—
Thompson-Otarrett
May 15
15
(J
Feb
20%
•
May
30
6
preferred.;
conv
Avenue Transit
Thompson
16
4% Jan
div
1
common
53%
6 V* May
99
Dec
7 :
95 % Jun
$2'/a
Co
15%
13% May
31%
6
Feb
21%
,
10 % May
93
11
Feb
1% Mar 11
Oct
108%
.
15% May
40 % May
12%
85
Feb
25%
Dec
14
Jan
39%
May
84
Apr 30
.8% Mtiy 10
Mar
7%
Monday
(267)
RECORD
LOW
Per:
10% May 15
47% Jan
9
Jan
16%
STOCK
July 10
share
Aug
38
CHRONICLE
■atarday
STOCK
EXCHANGE
,
Dec
6%
10
Lowest
'I per share
9»/» May
45
Range since Jan. 1
Highest
Highest
I per share
FINANCIAL
STOCKS
Year 1947
Lowest
,
YORK
&
,
V
5,700
11,300
500
103
*98%
:
200
7%
7%
30
30%
29 ¥4
30
29%
29%
1,310
11%
11%
11%
11¥b
11
11 Va
1,700
*10%
•1,600
7%
*7
7%
1,600
i
U
12
Dee
13% July
58% r Feb
43% May
9 % May
15%
103
Oct
Jan
a
Mar 16
59 % Jun
15
16 % Jun
15
27% Feb
11
40% May 17
115"
Dec
12
9% Mar 16
Jan
37%
25 Va May
9% Apr .30
45
Mar
39% May 26
43
July
9
Jun
8
106
Jan
2
110
Feb
91%
Dec
106%
Sep
91
9
98
Jun
7
83
Dec
104
Jun
Jan
27
Dec
38% July
6
92% July 16
50% July
1
96 %
July
1
51% July
3U%
Fen
31% Jan
26
41% Jun
2.
16% May
25 Va
Dec
22% Feb
10
105% Jan
6
110% Jun
3
13% July 15
19 % Apr
2
102
Dec
110
Dec
28%
75
Dec
120%
Sep
Apr
Apr
18%
Sep
24%
Nov
15%
77% Jan
12
Preferred
Union
22
22
Jan
28%
jun
35
Dec
27% Feb
26%
Jan
33%
Nov
29
3%
Dec
8'A
Feb
3
Jan
46
Dec
2%
83
Dec
41
4
Dec
Ye
Jan
Dec
10%
Dec
95
8
May 10
40
Feb
65%
5
Mar
2% Feb
53% Mar
5 %
20
Feb
Jan
Jan
29
15% Jan
Union
of
Pacific
Freferred
RR
Co
Car
377/B
38%
36
9b V4
95'/a
96'A
95
50'A
50 ¥B
50 ¥.
50 ¥4
50 %
40'/a
40%
*40¥B
41
41
41
29%
29%
29%
29%
29 ¥B
109 Va
109%
United Aircraft Corp common
8
5%
convertible preferred..—100
United
Air
Lines
Inc
common___10
14%
cumulative preferred
100
Biscuit Co—
__Nopar
4Va%
United
*78 ¥8
55
Jan
5
9
May 27
$3.50
convertible
United
Corp
7%
13% Mar 16
21
Oct
16% Feb
27'
32% May 15
Jan
89
Dec
Dec
94
25%
9 Va
35
Nov
26
24%
Oct
10
Dec
May
Apr
69% May 7
33% Feb 24
5% Mar 15
Dec
Jan
-Dec
165
38% May
81
Jan
87
17% Feb
38
Dec
5%
*33%
129% Mar 16
Oct
10
Jan
2
4% Mar 16
Feb
8 % Feb
109 % Jun
Dec
May 7
49% May 15
72
Feb
B6%
93
Jan
11
29
24
19% Jan
8
42% May 20
6% May 21
12% May 26
98 Va Jun
9
Dec
52
Feb
29 % July 16
34
May
4% May
22
Feb
16
20
11'A
Feb
4
23%
Dec
19
Dec
163%
Dec
192
Leather
3% Mar 17
>
Mar
6% Jun
15
3%%
U S
cum
6%
7%
S
United
5 Va
50
50
78
3,600
p
45
1,200
A
54%
535/a
54'/4
53 %
54
53%
53%
9,500
22'A
22 Vb
21%
22
21%
21%
2,200
17%
17%
16 ¥4
17'A
16%
17
7,800
29 'A
5,800
30%
:
*177
179
13%
21%
107V2
105%
105%
103
105%
1771%
174'A
1741/4
174'A
174V4
*13
72 r
*70
72
*57%
37%
6%
6%
6%
*28%
29'A
28'A
13%
6%
29
16%
16%
16%
17
28%
27%
27%
700
16%
8,200
17
16 '/a
8%
*8'A
9
49%
51
57
*56%
57%
*56%
57%
58
57
57
200
34%
35 %
*91
34% | 35
92
92
*91
4.7 VB
48
47
*132%' 134
52%
*132
52%
*70
134
*52%
34%
139
133'A
53'A
531/4
70
82%
82%
82
83%
139'A
139
139'A
139
*69%
33'A
91
47%
70
139 V*
34%
91
46%
83 %
_
34%
93
133'A
53'A
*57
47%
72
82%
100
34%
93
48%
48 V*
60
72
132
50%
*69%
80%
139
*89
46
132
*130
70%
300
81%
47,000
139
139
18%
18%
18%
18%
18 ¥4
42%
42%
42
42
5%
5
5%
5%
5%
5 Vb
10%
10%
10%
2d pfd__8
10%
10%
*10%
10%
98
*92
*92 Vb
98
*92%
98
1
Leaf Tobacco
common
preferred__
'8V4
com.No par
100
*162
Inc
com
prsfsrrsd
8%
22%
•9%
21%
-
163%
12
xi1%
64%
•atarday
July 10
t per share
Per
Xtslsr
I per share
I per there
>
July 13
•
•
8%
22%
22'A
163%
,
f per share
BALI
*162
18 %
*40%
5'A
10 7
47/B
3,300
18 %
2,100
42
250
900
10¥b
2,500
95
4%
29'A
*18
9
*217/B
104%
*162
11
65 %
10 %
*65
7,700
200
19
8%
22%
—
47/b
29'A
18%
10%
139
5%
*92 %
30
65
700
10'A
98
11%
51%
5%
8
67
*65
maw
Tnsedny
July J2
18%
91/4
11
66
LOW AND
STOCK
4%
*29
162
11%
65
5 %
22
164
164
11%
STOCKS
EXCHANGE
9%
22
64
1
100
YORK
'5%
8%
*22
preferred
Pictures Co
5% ;
*92'A
200
79%
42
......No par
134
70%
18%
non-c
90
6,300
50'A
41.%
5%
3,400
91
72
18%
V4
34
47'A
83 %
42
1
lOOr
50%
18%
.
100
8%
2,800
22 %
1,400
165
80
107/b
10,400
66
1,090
FRXCSS
Wednesday
July 14
1 per there
Thursday
Friday
■alee fat
July 16
July ir>
9 per there
Ike Week
1 per there
theree
22
Feb
14%
18%
Feb
tl4% Feb
12% May
26%
20%
Dec
39
Jan
Feb
10
24% July 14
Vanadium
12% Feb
13
Norman
16
Van
Raalte
12% Jan
2
15% May 17
26% May 21
15% May 21
29% Jan
6
Van
21% Feb
Dec
...
22
Mar
3
84
Nov
94%
Feb
86
Feb
21
85%
Nov.-
94
Jan
86
Feb
13
50%
Nov
37% Mar 10
35% May
85
Dec
104% May
10% Nov
112
5% May
69
May
14
Nov
107%
87 Vb Feb
93
Nov
16%
Dec
121
——-
•
Oct
Feb
2
7% Mar 10
Feb
14% Jan
11
7
109
Jan
6
18
•
Jan
7
34%
Dec
45
Feb
35% Mar 30
31%
Dec
40
Jan
30'A Feb
10
94
95
May 28
Jun
4
48 Vb Jun
24
96% Apr
23
14% July 13
124% July 12
18% May 15
117 Va Jun 14
23
Jun
£
Oct
38
Feb
32
Feb
10
30
Dec
33%
Nov
38% May 11
34% May 3
39 % Apr 26
28% Feb
19
30
32 Va Jan
Aug
33%
Oct
31
29
Apr
15
32% Jan
5
13
No par
Co
2.50
Inc
new
10
STOCK
22%
v
EXCHANGE
CLOSED
Chemical Works
3 % %
cumulative
preferred
Va-Carollna Chemical
6%
div
Virginia
$5
partic
*25 Vb
Elec
Si
Pwr
Co
Virginian Ry Co
,6% preferred
Vulcan
7%
Corp
23%
24 %
23
23%
6,000
13%
13
13
13%
13%
25 Vb
25 '/a
25'A
25'A
200
Xl3'/a
13 ¥4
*13
24'/a
247/b
14%
96
*92'/b
96
*92 Va
96
*92%
94
*93%
95
*93 Va
95
*93%
96
*93%
96
45-%
45 VB
93
*90 %
14'A
14 ¥4
124%
1247/b
14%
124
45'/a
93
14%
124
24%
*45
*90 'A
14%
*123
13%
24 ¥4
13 Vb
13'A
24%
24%
13'/b
13%
24%
*93%
if
96
92
45¥b
*90'A
45 ¥b
92 %
14Va
125/b
14'A
124%
124'/a
124%
43%
92
12%
118
44%
900
92
20
13%
common
600
cumulative
17%
17 Va
17%
17%
17'/a
17%
17%
17%
17'A
17¥b
115'/a
115%
115¥b
115'/b
115%
114%
115 Vs
114%
114 Va
22'A
*21'A
22%
*21'/,
22'A
*21%
22%
*21'A
22'A
*36%
38
*36%
38
*36 ¥4
38
*36 Va
37 Va
*36%
37 %
32%
32 ¥4
36'A
36%
30
30
*291/4
30 %
*30
32
*30
32
.100
*63
64
*62%
64
20
x32¥b
36%
33 %
37
-
32%
33'/a
317/b
32 Va
1,500
3 6'A
36%
3 6'A
36 ¥8
36%
36 'A
1,000
*29'A
30'A
*291/4
30%
*28¥b
29%
10
31
*30
31
*295/b
30%
10
63%
*62%
63%
31
32 Vb
32'/a
W
57
Apr
75%
Feb
13 %
Apr
17%
Jan
14
29%
Apr
Feb
X30
100
36"%
Dec
109
xl7% May
7% May
10%
21
Feb
19%
Dec
Jan
13%
Dec
12
24%
Dec
88%
July
Feb
106% Mar
18%
May
36%
Feb
Nov
19%
Dec
For
.
--
27
Jan
23%
Feb
footnotes
6
2
Mar 15
15 Va Jan
:8
Waldorf System..
Feb
35% Jun
,4
Walgreen
100% Apr
11
29
*18% Mar 17
8% Feb
11
10% Mar 12
*83
see
page
Va Mar 12
10'A July 16
25% Feb
5
10
20 % Jan
3
17% Feb
24.
66
Jan
20% Feb
—
17% May
60% Apr
16
104
Jun
14
Wabash
4%
RR
Co
4%*
preferred
common
preferred
(Hiram) G dc W
27% May 21
Walker
13% May 24
16% July 13
Walworth
101
Jun
Co
Ward Baking Co common.
2
5% %
14
May 22
Warner
32
Jan
Warren Foundry & Pipe
2
preferred
Bros
Pictures
__No par
14%
14%
No par
32%
32
100
*101 %
..No par
No par
*19%
14%
14%
33 Va
32%
33%
*101 'A
102 »A
>101'A
102 Va
101%
102 'A
25%
25%
25%
25'A
25''A
11%
11%
16%
98
98%
11%
10%
11 Va
10%
28%
*28%
30
28%
28
27
15
33 Vb
16%
11 Va
1
29%
20
30
11%
11%
16
11%
'
102
23'A
11
102
200
700
600
140
24%
7,400
11%
8,300
16%
15%
16 Va
*97%
98 Va
98'A
99
11
10%
10%
10'A
10%
29
28 V8
28 Vb
27%
27%
700
30 'A
29%
29%
28%
29%
*26%
27
63
*14%
99
5
62%
14%
33%
16%
'
29%
14%
*33
11%
%
Petroleum Corp new com__3
*62%
16%
16
99
Washington Gas Light Co
No par
Waukesha Motor"Uo_i...^___...,.B'
14%
33
99
15%
Warren
20% May 28
12%
11%
14%
33
24%
25
25
*98%
27
9
102V4
1
34% May 14
July
y8
.100
No par
V
.
20
preferred
fl'
290
*21'A
5
ctmmon
I
12,300
115%
25
26
(The)
Detinning Co
,
/
20,600
121
28
pfd
.a
94
•
45%
f
.:5
3,800
*92V8
.
■
6,300
24'A
'■
;
800
25'A
IOO
com
preferred
Va Iron Coal & Coke 4%
Visking
24 ¥4
13 VB
*25%
24 ¥4
*90'A
10
23%
13 Va
14-%
44%
100
23'A
25%
24%
8
com_ii.No par
preferred
13
92 Vb
*
100
common
23'/b
13¥b
25%
Vertientes-Camaguey Sugar Co._6%
2.50
Vlcks Shreve & Pacific Ry com__100
5% non-cum preferred
lOo
23'A
13 ¥b
*25 Vb
Vick Chemical Co
Victor
-
'
Corp of Amsrica
Co
./
;.Vl,
V
13% May
<£
1,500
57
Laboratories Inc...
I per share
2,300
52%
Universal
NEW
6'A
8%
Universal
Highest
6V4
51%
8
Range sinee Jan. 1
6%
9
23 Va Jun
Lowest
16%
20
1,400
*41 %
Paper Inc
Range for Previous
700
71
36%
53
*8%
19
4Vs*
131/4
*
*52
9
30
Universal
71
36%
53 'A
4%
May 20
71
*8»A
*18%
15% May 21
71
x36% *f37
53%
*29'A
70
13
$
180
9
5%
24
131/4
•
2,200
•
53
31%
Feb
.
p
800
"
•19
July 16
13 %
A
100
20
*29'A
10 Vb
28%
*98'/b
21%
*18%
66
31
100
21%
37%
29
16%
29%
*991/2
22'A
T3%
6'A
6 %>
30%
100
107
-*
*36%
29%
*21%
175%
107
.**70
,
30%
*99%
22'A,
107
13'Ann*
17%
100
*21%
a*.
*22
19%
Feb
10
25VB
45
31 %
Feb
77
24
45
5V4
29%
*75
25%
*18%
May 22
1,000
45
*29 V4
170
if,
6%
25%
1
6
78
>.
3,100
*6'A
6%
27,500
*8 V4
No par
Corp
K
530
3'A
451/4
25 ¥4
■2
Feb
50
3'/b
44%
45
80
17
3%
!
43,500
25 ¥b
Universal-Cvclops Steel Corp
conv
50
51%
3,300
1,500
5
45
11
cum
2,400
4%
46
*75
12%
34V4
17
72 ft
16%
*75
12 Va
33
46
17
4%
49 Va
4,600
25 ¥4
21
filVe
Highest
4 ¥4
4 ¥4
Jan
Dec
$ psr share
36V2
Feb
150
Year 1947
*35
13'A
No par
preferred
United Wall
35'A
21%
52%
1
com
com
Stockyards
conv
34%
35'A
preferred-.___-__*JtS
United Stores $4.20
$6
34'A
37
Jun
Deo
'
•
3 2 ¥4
34 ¥4
%
200
80
21
*22
37%-
*29
50
Co
non-cum
13%
34 ¥4
*35%
4%
*78
>7
'<1
54
179
.
13%
78%
22
78
25-%
109 %
6%
10
-1st prafsrrsd___100
Corp common
preferred
7%
*75
■-*45 'A
21%
13%
14'A
lo
preferred
1%
21,200
13¥B
78%
21%
6 Va
179
TOO
Steel
U S Tobacco
14 ¥a
67/B
108%
:
U S Smelting Ref ds Min
U
13%
1,700
10
common
non-cum
600
4,800
20
prd aeries.A
Rubber Co
108%
80
50'%
30%
1
108%
6 ¥4
257/b
37
common
109'%
*169
G¥b
77
*70
preferred
Pipe Si Foundry
II,800
21 ¥4
4%
*99 %
No par
28%
21¥b
127/b
10% Jun
13
13 V4
t per share
A
28'A
65/B
31
_No par
common
class
*78
Mar 16
Feb
86%
Lowest
Co
conv
29%
3'A
100
8
1,000
29%
45%
46
21
100
39%
3%
30%
No par
j...
U 8 Playing Card Ca
U S Plywood
Corp common.
Apr 21
140% Jun
Jan
20
1
Corp
Chemicals
4%%
13
83 % July 14
10%
16
8
U S
94
58% Jun
Feb
12 V.
9
137% Jan
7
'23
Jan
July
6
Nor
6
37% May 21
67% Mar 17
*17%
8%
U
Machine
preferred
Industrial
39V2
46'A
*98%
100
41
3¥a
17
preferred
Hoffman
4>A%
•
Mar
48%
S
40%
46'A
22'A
20
51
3 Va
16%
:
21,600
95
50%
46'A
22
common..
36'A
92%
50%
37
x50
53 ¥4
No Par
33%
96
3¥B
53 Va
No par
No par
38 'A
45%
25%
1
"50
67/B
77
330
„
851/2
3%
*45%
97%
35
4%
52'A
1081/2
*94
85%
46'A
5
com
preferred
Gypsum Co
U S
9% May 20
14
6
150
Jan
7
58
11
Dec
Dec
8% Jan
36
13,
-Feb
133
8
9
1st
Inc
Freight Co
7%
U
4
66 *A Jan
Dec
38
Jun
42% Jan
41V. Jan
•
Feb
80
S
2
17 % May 14
76
S
U
53 % July 13
16
125% Mar 19
51% July
Dec
Jun
$4.50
U
U S Lines Co
38% Feb
.
Feb
61% May
179
9
2
25% Feb
103% July
60 Va Feb
Dec
9
21% Jan
39% Feb
40 V4
Jun
24% May 15
113% Jun
4%
6¥a
13%
Foreign Securities
&
15% July 9
7% Mar 30
49
35
*35 Va
No par
Mereh & Mfrs
S
Eartic &
Oct
13%
35%
8
U
8
Feb
39
101
Cos
United
Jan
46%
127%
67
Mar 16
73
Dec
23Vs*May
92
Oct
39%
Jan
46%
Feb
9%
.
Jan
16'A
Feb
63'A
5% May
12
3%
100
% May 26
Feb
23%
71%
12%
37
109%
137/B
77%
217/b
46
1
*109
15
77'/a
*51
1
8
preferred
14%
21 ¥a
4%
preferred.—.100
common:
preference
United Dyewood Corp common
22
19%
37
14%
109'/a
12
10
$3
*109
21%
34%
!
Co
*107%
1,800
-
80
*35 Va
Corp
29 ¥4
20%
No par
Carton
81
108%
ito Va
Carbon
15% May
9
108%
United-Carr Fastener Corp.
No par
United Cig-Whelan Stores com__30c
7
July 15
12% May
6
*107%
109
51
United Gas Improvement Co
11% Mar
109 Va
108'/a
96
United Fruit Co
170% Feb
109
50'/a
May 17
Jan
108 ¥4
41%
He par
May 24
33%
41
95 ¥B
;
23
Dec
42'A
new_50
com
new
Tang
27
13%
41%
87
20% Feb
196 Va Mar
42 ¥b
97%
Engineering &, Foundry
Dec
42
*86
Electric Coal
171
42 %
*95
United
11
42
87
United
11
43
97'/a
3
20
42%
6,700
28,600
38 ¥4
11
Feb
35%
38 Va
58 Va
15% Feb
35'A
38 ¥4
46% Jun
92 Va Feb
36%
38 ¥b
28 % Jun
Oct
36
2k
California
10
Feb
36'A
United
July
5 %
82 Va Apr
20%
36
35% July 12
3% May 15
107%
I,200
36%
*86
13
106
3 6 ¥4
*95
21
,
36
R7
Feb
Dec
141%
97%
16% Feb
May
57 »/b
14%
*95
48
12% May
57
14%
*8R
37% Jan
86
10%
58
14%
87
Oct
9T
10%
58
15%
97%
Jan
Dec
11'A
58 ¥4
*95
19%
20
11%
15
36
61% Mar 17
59% July
24 % Jan
11
58%
15 ¥a
58 ¥4
15%
35 ¥4
*86%
43%
Jan
11
58
No par
aeries.
33
May
11
15%
50
$3.50
11% May
44%
11%
57%
15%
Board
47% May 20
26
11
57%
United
11
4 % Feb
—__1
2
13
Feb
Oil
Union
90 Va Mar 22
19
11% Mar 16
50
30% May 19
(The)
Corp
.Ho par
Union Asbestos St Rubber Co__
k
Union Bag Si Paper.
No par
Union Carbide Si Carbon new.No
par
Un El Co of Mo pfd $4.50 str—No
par
Preferred $3.70 aeries
No par
8
May
30
Corp
Underwood
24
Apr
85% July 16
21% Feb 11
90
20
Udyllte
26%
26%
26%
26%
26%
*19%
20
*19%
19%
*19%
19%
27%
*26
19V4
7,300
190
28,000
29V4
6,100
26%
500
19%
200
..
i
24
(268)
NEW
Range for Previous
Tear 1947
Lowest
Range alneo Jan. 1
Lowest
,
Highest
Highest
J per thare
I per share
J per shore
Sep
Deo
26%
Feb
1
41
Feb
»%
Deo
12% Jan
37%
Jan
52% Nov
30
.30
;?
83% May
90
34%
5
105
39
Feb
13
13% Feb
—
106%
116%-Aug
-v
Jan
STOCK
1
EXCHANGE
1
CLOSED
perthare
f per thare
18%
♦18%
18%
♦18%
23%
23%
23%
♦23%
24
6%
6%
6%
6
5% May
38% May
4
10%
75%
9%
32%
42%
May
9% May "
36%
85
.
Deo
Deo
,
17
62%
63 Va
63
63%
62%
59
61%
83
83
84%
84%
♦84
84%
34%
84%
370
23%
23%
23%
23%
23%
23
23%
22%
23%
11,900
19
19%
18%
19%
18%
19
18%
18%
18%
14,900
No par
18%
"111%
112
111%
111%
♦111%
112
♦111%
112
111%
111%
30
100
100
"116%
117
116%
116%
117
117
♦116
117%
118'%
40
"108
109%
108 %
108%
108 Va
108%
X107
108 %
107%
107'%
114
Jun
Class A
4
22
7%
preferred
108% Jan
23
6%
preferred
West Penn Power 4%ft pfd
4.20%
22% July 14
51% Jun 15
20
Dec
Dec
30
Nov
14
25
100
100
preferred series B
11
Western
72% Jan
13
15
33% Jun
9
11
95% Apr
101% Jun
23
11
16
40% Jun
9
57% Jun
16
98% Jun
14
55
Jan
43%
Dec
34% Feb
7
102% July
11
Weston
110 %
110%
110%
110%
110
110 y4
♦109'%
110'/4
140
104%
♦104%
104%
♦104%
104%
104%
104%
104%
104'%
520
21%
10,100
49 %
1,500
21%
22%
49%
21%
49%
108
8%
8%
♦41%
22%
21
49%
49%
108%
8%
41%
42
21%
49
108
49%
108
8%
41%
15%
16
37%
38%
35%
No par
100
21%
49
108%
108
1
—10
100
^.100
Instrument
Elec
35%
35
15%
*8%
22%
May
82% Dee
85
Jan
5
62% Mar
76
Dec
80
Jan
5
31
May
63%
Oct
37
Mar 16
90
Deo
101% Mar
83
Mar 18
92
Feb
Feb
Feb
23
fob
19
Feb
9% Feb
27
26% May
34
29%
17%
19% May
£•••
'8% May
84
Feb
Feb
12% Dec
Jun
8%
41%
40%
40%
15%
14%
15%
14
37
35
36
Jan
34%
36%
35%
20
27% Jan
7
11
24% May 26
22% July 8
July
90
90
Feb
6
119
29% May
5% May
34
27% Feb
26
30
Jun
23
11
19% Jun
21
•%May
13%
9
Feb
Feb
6% Mar 17
July 14
12
64% Oct
17
Oct
88%
Deo
99
Jan
81% Mar 25
88% Jan
16
Jun
20
Nov
15
Mar 30
19
Jan
353/4
34
35%
74
74%'
74
74
73
73"
22%
22%
22%
22%
22%
23
22%
22%
8,800
38%
38%
38%
38
38'/4
3734
38%
37'/a
38
6,900
28'/a
29%
30%
30%
92
92
92
98%
98%
*74
30%
91'%
98'%
99%
30'%
*37
38
No par
94
*37
94
109
111
19
Nov
15
Feb
10
18
Jun
10
145% May
126
Mar 19
xl38
Jan
13
138
Oct
31%
Mar
9
65% May 15
11
17% May 17
—
Dec
35
Dec
28
Feb
63
Feb
43% Feb
29%
30%
92
92
29%
♦91
—
—
20% Apr
•
14
Dec
Apr
74% May
83
Dec
100
Feb
81
Feb
Feb
58
Jan
5
03
Deo
80
Of
Nov
70% Mar
8
May
81% Feb
5
94
Feb
13% Aug
10% May
45
Jan
27% Feb 21
16%
Feb
10% Feb
37%
50% Mar
8
9-
Mar
Prior pfd 4%%
Prior pfd 4%ft
4
*90%
99%
*98%
9834
21
34% Jan
2
1,200
37
37
35%
35%
♦35
35%
200
47%
*93%
47%
47%
47%
47%
47
47%
2,100
93%
94%
110
933/4
*110
110
93%
113
*109
93%
*93%
114
120
94
*109
114
10
56
55%
56%
55'/a
55%
53
55%
51
52%
7,400
87%
87
87%
87%
89
88
89
89
89%
380
25%
♦25
25 VA
26%
26
26%
25%
22%
22%
21%
22
21%
21%
21
21%
20%
21
5,200
21%
20%
21%
20%
20%
20%
21%
19%
20%
6,900
116%
117%
117%
3,370
29%
29%
*29%
30%
17%
17%
*16%
17%
118
10%
11%
10%
63
63%
15%
15%
86%
86%
*86%
*16
118%
119
30%
10%
*29%
17%
17
15%
*25%
119
118
63 %
15%
26
*29'/a
10%
63
16%
117%
118%
30 3/8
200
16%
16%
2,000
14,100
11%
11
10%
10%
62%
623/4
61%
62
15%
15%
10%
63%
*61
15
15%
15
15%
88
*86%
88
♦86
89
*85%
*15%
16
16%
16
16
*15%
16%
16%
16%
16%
16%
16%
16%
♦126%
129%
*128%
129%
*128%
130
500
12,900
100
88
*15%
16%
131
127
30O
25%
*29%
17
30%
16%
16%
100
16
9,400
16%
*128%
130
37%
37%
36%
36%
371/4
37%
27
37
36 %
36%
47%
10
48 %
47%
48'
47 %
47%
47%
47%
45%
47'
9,900
600
—
No par
series
22%
22%
76
88'%
88%
No par
*73%
100
22 %
21%
76
series—100
Wright Aeronautical
Wrigley (Wm) Jr (Del)
Wyandotte Worsted Co
July 15
11% Jun
(new)
20,600
92
99%
37%
47%
conv
May 17
69
Co
400
100
92
99%
*98%
2,700
21%
100
10
(F W) Co
Worthlngton P & M (Del)
Common
84% May 21
60% Mar 19
18%
Woolworth
14
25% May 15
16
94%
preferred
Woodward Iron
29 Va
34%
86'%
common—It
6ft
34%
54%
10
Wisconsin El Pwr Co
37% July 12
11
"11
Wilson-Jones Co
49% Jun
5
May
43
21
48
47'%
Willys-Overland Motors cam
2
$4.50 conv pfd series A
No par
Wilson & Co Inc com
No par
$4.25 preferred
No par
8
Dec
>
15%
51
12% Feb
2,200
74
No par
May 27
01% Sep
10% May
2,800
9,700
-35
23
$3.75
5
40%
143/4
15%
36 V*
38%
12.50
preferred
39%
16%
38
*36
280
1,600
8%
75
^Wheeling <fc L Erie Ry com
100
Wheeling Steel Corp com
No par
$5 conv prior pref—
No par
White Dental Mfg (The S S)
20
White Motor Co
1
White Sewing Machine com
1
$4 conv preference
No par
Prior preference
20
Wilcox Oil Co
I
11
8
8%
108
22%
♦74
Common
56 % July 13
111
49
108
8%
41
21
49%
108%
108
Westvaco Chlorine Prod—
16
70
110%
5
1
♦116
2.800
110%
Western Union Teleg class A_No par
Westlnghouse Air Brake
No par
Westlnghouse Electric com
12%
3%% cum pfd series A
100
3.80ft cum pfd series B
100
May 19
39% Jun 14
11
91% Feb
29 % Feb
Coke
&
4ft non-cum 2nd pfd
Western Pacific RR com
Preferred series A
26
85% Feb
Coal
Auto Supply Co_
Maryland Ry com
Western
36% May 21
5
11
Va
Western Air Lines Inc
16% July 9
38% July 12
Mar 12
25% Feb
West
61%
?104%
West Va Pulp & Paper com—No pa*
4% ft preferred
100
14
10% May 18
46% May 20
Feb 14
Mar 17
32% Feb
105
Aug
106% July
'
110% Jun
2
Mar
64
5%
6
62%
18
18% Feb
5%
6
83%
Jun
28% Feb
Mar
90
37% May
32% May
88
Deo
Feb
26% Sep
38% Oct
31
Dec
May
94%
Jan
Dec
300
900
1,500
6
83
107
Jan
%
23%
62%
9
6%
34%
7%
22 Va
Jan
18
23%
22%
Jun
38% Feb
18%
23%
$4 conv preferred
No par
West Indies Sugar Corp
1
West Penn Elec Co (The) —No par
113
100Va Feb
Oct
Jan
113
Shares
< per thare
♦18%
Wesson Oil & Snowdr com—No par
11
16% Apr
47
.
Deo
6
Balss fsr
the Week
2
119% Jun
'
32% May
I perihara
18%
23%
Friday
July 16
Thirsday
July 15
I per thare
-
♦18%
-
105
PRICES
Wednesday
July 14
30
104 % July 16
—
—
5
(
SALE
Jun
65
26% May 21
19% July
1
13
105% Feb
Wayne Knitting Mills
Wayne Pump Co
Webster Tobacco Inc
t per share
HIGH
Tuesday
July 13
86 % Jan
3
104% Mar 16
112%
'2
6% May 24
xll3% Apr 15,
103% Mar 29
103% Deo
Deo
Monday
July 12
July 10
Far
2
30% Jan
11
19% Mar
117% Mar
Nov
RECORD
LOW AND
EXCHANGE
21% Jan
10
121% Jan
Deo
112%
Feb
80% Feb
Jan
—
STOCK
fatwriay
NEW YORK STOCK
I per thare
17
Mar 16
21% July
1
Feb
21% May
—
YORK
STOCKS
22
*73
21%
20%
20 7 a
3,800
76
76
75%
76%
560
87%
87%
85
86 %
75
76
*87
.
88%
20%
76
88%
21%
77
76%
*87
75
77
*76%
78
40
X68
68
1,300
10
10%
1,900
31
74
68
68
68%
68%
68%
69
10%
10%
11
10%
11
10%
10%
3134
0
74
68
10%
i_Nopar
75 %
68
313',
210
Y
Dec
14% May
53% May
18
July
65% Feb 27
14% Mar 16
21
9
87 % July 12
30
1
15
8
2
20
30%
15
*47%
14%
15
47%
47%
*47%
14%
31
1.300
14%
14'4
143'a
2.200
49
47%
47%
'
22%
2.3
23
23
22 3
22%
22%
22%
21
4
87%
86 "2
87
86
87%
84%
86%
82
85%
19 '/a
19 Va
19%
19 %
19%
19
19%
18%
19
35
33%
34'4
33
33%
31
32
5%
5%
300
22
86 3
par
Youngstown Steel Door
No par
18%
Zenith Radio Corp
Zonite Producti Corp
No par
34%
1
5%
xl9%May27
31
30%
31%
48 %
15
48%
No par
Younfestown Sheet to Tube—No
31%
15%
*47'
50
4
1.400
10,000
3,900
;
25
July
10% Jan
Jun
♦Bid
23
15% Feb
Oct
Towne
&
Mfg Co
York Com common
4%ft cum preferred
Young Spring & Wire
May 25
Oct
•
14% May
8%
48
83
21%
Feb
Yale
16% May 24
38% Mar 13
23%
May
r
27
and
asked
19% Feb
5
prices;
no
11
35
July 15
sales
on
July 12
.
6% May 19
this
day.
tin receivership.
tfEx
$40
liquidating
dividend
paid
May
a
10.
5%
Deferred
delivery,
r
5%
Cash
sale,
s
31%
5%
5
Special
33%
5%
5'/a
wd When
Sales,
6,700
5%
distributed,
5,500
Ex-dlvldend.
x
=
Transactions at the New York Stock
Transactions at the New York Curb
Exchange
Daily, Weekly and Yearly *
Daily, Weekly and Yearly
Stocks,
Week Ended July 16,1948
Railroad
United Statet
Total
Foreign
Bank
Government
Bond
Bonds
Bonds
Bonds
Salet
Saturday
Monday
Tuesday
Wednesday
Thursday
Friday
•
Total
Stocks
Int'l
Number of and Miscel,
Shares
Bonds
$3,513,000
Bonds (Par Value)
(Number
of
Week Ended July 16, 1948
Closed
1,296,490
Exchange
Foreign
Domestic
Share)
Government
8aturday
$492,000
$4,005,000
Foreign
Corporate
Closed
306,035
Monday
$241,000
$6,000
Total
:
$6,000
$253,000
1,198,110
4,051,000
255,000
$65,000
4,377,000
Tuesday
274,645
177.000
10,000
1,337,170
3,060,000
285,000
11,000
3.356.009
Wednesday
287,335
292,000
40,000
332,000
1,CI 9.420
3,030,000
484,000
23,000
47,000
3,584.000
Thursday
386,115
156,000
56,000
212,000
60,000
3,758,000
Friday
$40,000
$172,000
$19,080,000
1,760,270
3,484,000
214,000
7.211,460
$17,138,000
$6,000
$1,730,000
Week Ended July 16
1948
BtOCkS—NO. of shares
389,465
173,000
22,000
7,000
202,000
1,643,595
!
Total
$1,039,000
$134,000
$13,000
$1,186,000
Week Ended
Jan. 1 to July 16
1947
7,211,460
1948
5,938,973
1947
181,503,967
1948
140,930.903
187,000
Stocks—No. of shares
July 16
1947
Jan. 1 to July 16
1948
1,457,900
45,542,834
43,743,615
$1,039,000
$1,870,000
$31,262,000
$39,784,000
134,000
174,000
5,418,000
3,535,000
13,000
17,000
1,187,000
318,000
$1,186,000
$2,061,000
$37,867,000
$43,637,000
Bonds
O. B. Government
International Bank
Foreign
Railroad & Industrial
Total
1947
1,643,595
Bonds
$172,000
$23,000
40,000
9,301,000
3,288,000
9.301,000
1,730,000
1,167,900
51,695,130
40,325,800
17,138,000
16,236,000
579,821,100
522,532,100
$19,080,000
$26,727,900
$635,247,780
$574,603,400
$743,500
$2,444,500
Domestic
Foreign government
Foreign corporate
Total
—
—
Stock and Bond Averages
Below
listed
on
are
the
daily closing averages of representative stocks and bond!
the New York Stock
Exchange
compiled by Dow, Jones & Co.
as
-Bonds-
-Stocks-
10
10
SO
Indus¬
Date—
20
Rail¬
trials
roads
10
Indus-
Grade
Grade
Utili-
40
tles
Stocks
trials
Rails
Ralls
ties
Bonds
July
10
July
12
191.47
July
13
190.36
64.67
35.92
July
14_!
190.66
64.95
35.90
July
15
187.70
63.15
July
16
185.90
62.06
First
10
Closed-
-
64.82
Total
Second
Utll-
; Total
| 60
IB
——
Closed
—r—
104.28
92.19
102.60
100.03
101.29
104.30
92.25
102.65
100.12
71.68
101.25
104.38
92.41
102.45
100.12
35.67
70.44
101.28
104.38
92.13
102.40
100.05
25.21
69.58
101.25
104.31
91.49
102.43
99.87
36.01
71.85
101.18
71.54
I
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v
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4717
168
A V.
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(269)
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WEEKLY
FRIDAY
NOTICE—Prices
YEARLY
-
"and
interest"—except for income and defaulted bonds. Cash and deferred delivery sales are disregarded in the week's range, unless they are
the week, and when outside of the regular weekly range are shown in a footnote in the week in which they occur.
No account is taken of such sales in computing the
The italic letters in the column headed "Interest Period'
indicate in each case the month when the bonds mature.
are
the
only
transactions
for the
range
of
year.
Figures after decimal point represent one or more 32(1 of a point.
GOVERNMENT
Year 1947
Lowest
Range since Jan. 1
Lowest
Highest
NEW
Highest
104.25
Sep
106.6
Feb
Deo
108.21
Feb
105.28 Mar 10
105.28 Mar 10
Feb
107.20 Mar 10
108.28 May 17
112.6
Sep
106.13 July
108.16
Deo
114.8
104.12
102.22 Feb
Feb
102.22 Feb
2
104.24 July
101.11 Jan
7
101.11 Jan
Feb
101.19 Jun
14
101.19 Jun
Deo
104.18
Apr
100.24 Mar 13
lUO.xo Jan
Deo
104.4
Jan
100.23 Jan 28
100.26 Apr
2
101.24
Deo
104.10 May
101.24
Dec
104.15
Apr
101.7
May 19
101.12 Jun
1
101
Dec
103.20
Apr
100.8
Mar 12
105.17
Jun
105.17
Jun
102.26 May 25
100.27 May 21
102.26 May 25
100.7
Deo
103.19
Apr
100.8
100.23 Jun
Jan
6
102.13 July 13
102.13 July 13
Sep
Deo
105.18
102.6
Sep
102.24 May
100
Mar
4
100.4
May
100
Deo
102.24 May
10O
Mar
a
100.9
Feb
Apr
102.12
101.12
Deo
102.6
101.10 Apr
1
102.23
101.20
Dec
102.25
Apr
102.30
Apr
103.1
Apr
101.23
Deo
103.2
Jan
101.15 May 11
101.18 July 13
101.28
July
103.4
July
101.19 July 13
101.19 July
101.8
Oct
101.14 Apr
101.26 May 18
16
100.11 July
Apr
*108.8
108.12
*108.8
108.12
*108.8
108.12
*108.8
108.12
*108.8
*104.18
104.21
*104.18
104.21
*104.18
104.21
*104.17
104.20
*104.16
*108.26
109
*108.28
109
*108.28
109
*108.28
109
*109.8
109.12
13
100.16 Apr 14
1
1958-1963
*109.8
*109.8
109.12
*109.8
109.12
109.18
*109.14
109.18
*109.14
109.18
*109.14
109.18
*109.14
109.13
*100.8
100.10
*100.8
100.10
*100.8
100.10
*100.8
100.10
*100.8
100.10
*109.8
109.12
1949-1953
*102.3
102.6
*102.3
102.6
102.6
*102.(3
103.6
*102.3
102.6
*103.2
103.5
*103.2
103.5
*103.2
103.5
*103.2
103.5
*103.1
103.4
1952-1954
*103.8
103.10
*103.8
103.10
*103.8
103.10
*103.8
103.10
*103.7
1956-1958
*103.30
104
*104
104.2
*104
104.2
*103.30
104
*103.28
103.30
1962-1967
*101.15
101.17
*101.15
101.17
*101.15
101.17
*101.16
101.18
*101.17
101.19
1963-1968
*101.2
101.4
*101.2
101.4
*101.2
101.4
*101.2
101.4
*101.4
101.6
Jun
1964-1969
*100.25
100.27
*100.25
100.27
*100.25
100.27
*100.25
100.27
*100.27
100.29
Dec
1964-1969
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.25
100.27
2Vis
2 Vis
Jun
2v2s
2'As
*102.3
1965-1970
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.18
100.20
*100.18
100.20
*100.18
100.20
*100.18
100.20
*100.18
100.20
1967-1972
*100.8
100.10
*100.8
100.10
*100.8
100.10
*100.8
100.10
*100.8
100.10
Sep
1967-1972
*102.2
102.4
*102.5
102.7
*102.6
102.8
*102.4
102.6
*102.1
102.3
Dec
1967-1972
*100.8
100.10
*100.8
100.10
*100.8
100.10
*100.8
100.10
100.10
100.10
1951-1953
*103.18
103.21
*103.18
103.21
*103.18
103.21
*103.17
103.20
*103.16
103.19
2'As
2'As
1952-1955
*102.12
102.14
*102.12
102.14
*102.12
102.14
*102.12
102.14
*102.11
102.13
1954-1956
*104.28
105
*104.28
105
*104.26
105
*104.26
104.30
*104.24
104.28
2'As
1956-1959
*102.12
102.14
102.13
*102.15
102.17
*102.13
102.15
*102.12
102.14
1959-1962
*100
100.2
100.2
*100
100.2
*100
100.2
*100
100.2
100.2
2'As
Jun
102.13
*100
1959-1962
*100
*100
160.2
*100
2s
Dec
1948-1950
*100.16
100.18
*100.16
100.18
*100.16
100.18
*100.16
lp0.18
*100.15
Jun
1949-1951
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.23
100.31
*100.29
100.31
2'As
Dec
100.2
*100
100
100
2s
Sep
1949-1951
*100.29
100.31
*100.29
100.31
*100.28
1949-1951
*101.1
101.3
*101.1
101.3
*101.1
101.3
*101.1
101.3
*101
101.2
Mar 1950-1952
*101.4
101.6
*101.4
101.6
*101.4
101.6
*101.4
101.6
*101.3
101.5
2s
Sep
*101.8
101.10
*101.8
101.10
*101.8
101.10
*101.8
101.10
*101.7
101.9
1950-1952
2s
1951-1953
*101.17
101.19
101.17
101.17
*101.18
101.20
*101.18
101.20
*101.17
101.19
2s
1951-1955
*101.19
101.21
*101.19
101.21
*101.19
101.21
*101.19
101.21
*101.18
101.20
101.18
101.18
*101.18
101.20
*101.18
101.20
*101.17
101.19
10,000
10,000
Jun
1952-1954
*101.18
101.20
2s
Dec
1952-1954
*101.19
101.21
101.19
101.19
*101.19
101.21
*101.19
101.21
*101.18
101.20
1953-1955
*103.12
103.16
*103.12
103.16
*103.12
103.16
*103.12
103.16
*103.11
103.15
1950
*100.10
100.12
*100.10
100.12
*100.11
100.13
100.12
100.14
*100.11
100.13
1957
*97.10
97.16
*97.10
97.16
*97.10
97.16
97.10
97.10
*97.10
97.16
10,000
1972
*98.10
98.11
98.10
98.10
98.10
98.10
98.11
98.20
*98.10
98.11
30,000
2s
1 Vis
Reconstruction
98.30 May 17
10-year
99.30 May 17
&
a Odd
Interest
Last
Period
Bale Friet
lot
Development
2'As
transaction,
r
Registered bond transaction.
Fx May
lntaMi
Last
Week's Range
er Friday's
Per led
Sale Frtee
Bid * Asked
Week's Range
or
Friday's
Bid 8s Asked
Low
High
Bonds
BONDS
Range Sinot
Sold
January 1
No.
Low
New
York
Exchange
Steak
Low
J Vis' Series
Issue—
14
No.
m
J-D
mmmmfmr m*mm
*53%
J-D
3Vis
103 n 104'A
Series
No.
15_
100%
117
107
3%s
Series
No.
16
J-D
*53'A
107
3%a
Series
No.
17
J-D
*53'A
3 Vis
Series
No.
3%s
Series
No.
Series
No.
3%s
Series
—
r
Series
No.
No.
54'/a
*53'A
23
■
■■
r
-
,r
„r„
5 4'/a
54'A
REctor 2-2300
120
New York Stock
54 %
1
51%
53
53 %
3
61%
60
53%
o
47%
60%
__
*56
J-D
Series
No.
24
Series
No.
25
J-D
No.
26
J-D
54
__
:,t'
'
W—
y
*56'*
Series
No.
27—
J-D
*56
Series
No.
28
J-D
*56
Series
No.
29
J-D
*56
J Via
Broadway, New York
NY
Series
No.
30
*53 %
55
(City)
a
Canada
ACarlsbad
lAGtd sink
AGtd
fund
sink
6s
fund
1947
4s
F-A
*61
1948
6s
(King of Norway)
lAAntioqula
i A Chile
A-O
*61
1968
$f-S
J-J
coll 7s A
1945
lAExternal
s
f
7s
series B
1945
J-J
lAExternal
s
f
7s
series C
1945
J-J
lAExternal
s
f
7s
series D
1945
J-J
7s 1st series
1957
A-0
74 %
AExternal
(Dept)
f
s
AExternal
sec
AExternal
sec
36
2
37 A
40%
31%
40
31
36 '/a
40
A6s
36%
4
31%
40%
A 6s
36
36
3
31%
38%
AExtl
2d
series„1957
36
36
2
31'A
40%
series__1957
A-0
36'A
36 '/a
36'A
12
31%
40%
J-D
97
97
97'A
14
73
99
101 'A 102 '/a
73
97
f
..
A-0
J-J
10-year 3'As
10-year 3'As
1956
F-A
1957
J-D
20-year 3'As
20-year 3'As
15-year 3%s
Belgium external
1-967
J-D
1966
J-D
1962
102
F-A
6'As
1949
M-S
External
s
f
6s
1955
s
f
7s
1955
J-D
S
of)
1941
91'A
64
87%
93
90%
10
87%
92%
87
87 'A
11
85
89%
87 'A
100'A
87%
24
85%
92
85%
16
83 %
91%
(U
external
8s
99%
__
_
_
__
AExternal sinking fund
6s_
A Chile
Mortgage
100'/a 100%
33
16
106'/a
109
109'A 110
18
107%
114%
104%
22
37%
49%
—
50%
62%
37%
1978
A-0
1957
A-0
41 '
41
*54
41%
59
27%
27'A
3
18%
19%
28
27%
144
18'/a
28
27%
3
19%
27%
27
27%
44
27
27%
28
27%
27'A
28
27%
1
20%
28
28
27%
27
27'A
1963
Jf-N
1963
Jlf-N
1
18 »A
1
22%
28
12
19%
27%
21'A
28
*28
27%
27
J-D
J-D
J-D
*27%
J-D
26%
1961
A-O
1961
A-O
1962
Jf-N
Jf-N
1960
1960
6s_
—
AQuaranteed sink fund 6s_
28 .-4
18'A
27%
28
1957
1951
*27%
27 '/a
26%
*27%
27'A
26%
27%
A7s assented
AChlnese
(Hukuang
Ry)
5s_
1979
J-D
41'/8
42'/a
1957
A-0
*54
64
(Int reduced to 3.375%)——1979
A-O
*40'A
10
33
18'A
27%
33
20
23%
22
18
27%
27
18'A
27%
28
-
27%
31
_
18
26%
27%
M-S
27%
27%
US
27
27
J-D
*5
18
27%
19
27%
7%
27
27 %
18
27%
1
18
27%
9
17'A
27
__
—
43
50
62%
37%
49%
54
—
61%
Stamped pursuant to Plan A
A7s
(Central
Ry)
1952
j-d
1978
j-d
—
For Financial Institutions
Stamped pursuant to Plan A
(Int reduced to 3.5%)
FOREIGN
41'A
41'A
5
38
49
41%
42'A
7
37%
49%
57
58
49
61
funding bonds of 1931 due—1951
Stamped pursuant to Plan A
(Int reduced to 3.375%)
1979
External $ bonds of 1944 (Plan B)—
3%s Series No. 1
3 Vis
i
Series
No.
2
A-0
41%
J-D
57
J-D
*53'A
3%b Series No. 3
J-D
3%s
Series
No.
4
J-D
3%s
Series
No.
5
j-D
3Vis
Series
No.
6
J-D
3Via
Series
No.
7
J-D
*55%
3Vis
Series
No.
8
J-D
52%
53'A
53'A
*55
52%
55
18
55%
54'/a
59
3
—
53'/4
55
„
61
51
61
48
60%
52
64%
Series
No.
9
J-D
*53'A
56
53
65
3Vis
Series
No.
10
J-D
*53'A
56
54
65
3Vis
Series
No.
11—
J-D
*53'A
57
49%
60
J-D
*56^-53%
48_
58%
sate
lift
3%s Series
No- ,12
No.
Series
For footnotes
see
13—_r
page
29.
___
J-D
—
—
t— —-cr-->r
..
•
FOREIGN SECURITIES SPECIALISTS
62%
52
__
4
63
56
3
_
53'A
FIRM TRADING MARKETS
r*ARL MARKS & r.O. INC.
46%
—
7
3Vis
3Via
SECURITIES
61
48%
6%
-
50 Broad St.,
Telephone IIAnover 2-0050
'
19 %
27%
Stamped pursuant to Plan A
(Int reduced to 3.375%)
AExternal s f 6'As of 1927—
27%
20'A
—
*27%
27'A
28'A
40
28
A-O
_
18'A
27 %
20%
A-O
_
28
27%
*28
_
»
39%
19
26%
1962
AQuaranteed sink fund
AChilean Cons Munic 7s
(Int reduced to 3.5%)
105
39%
1
49%
—
Stamped pursuant to Plan A
AExternaL s f 6 %s of 1926
103%
28
1961
A6s assented
62
29
28
1961
A6%s assented
Afls assented
50%
105
US
__
102
101%
103%
1957
6%s_
94
99
4
1962
—
59
101%
127
-1962
_
Bank
A6%s assented
94%
103 3A 104'A
-Sep 1961
_
52%
--
101% 101'.4
MS
_
58
60
27%
__
F-A
J.J
sinking fund 6s_
60
54%
__
-Sep 1961
assented
AExternal
60
55
*28
J.J
Jan 1961
sinking fund 6s
27 y4
27%
F-A
Jan 1961
—
__
A-O
A-O
-Feb 1961
6s
ASlnking fund 6%s
107 '/a 108
62
6s_
M-N
1960
-Feb 1961
f
A6s assented
90'A
j-d
lABrazil
102 %
84'A
109'A
A6s
assented
A6s assented
90%
87'A
J-J
External
91
36
1942
_
assented
s
M-N
—1960
fund 6s
sinking fund
ARy external
f 7s 3rd
s
AAntwerp
AExtl
36'/a
36
assented
A6a assented
60%
48
48
■
*38
J- J
1942
7s
f
__
104 J/4
J-J
1954
s
61
60
104'/a 104'/a
J-D
A-O
1961
(City) 8s
External
AExternal sinking
65
92%
31%
36 V8
36'/8
*36
|A7s
64
60
65'A
16
(City) external 5s
1958
Australia (Commonw'lth) 5s of '25-1955
s
7s
36
60%
74 'A
3%s
(Rep)
59%
*100'/a 101%
F-A
1958
1960
4s
*100'/a
Jf-8
1950
(Dominion of)
25-year
Foreign Govt. 8c Municipal
Agricultural Mtge Bank (Colombia)—
Akershus
J-D
1957
Sinking fimd gold 5s
Sinking fund gold 6s
1-1693
3
__
60
f 5s
60
64%
54
60
Brisbane
Teletype
Exchange
60%
60
60
53%
3%s Series
WERTHEIM & Co.
47%
44
62
__
53
3%s
Members
53%
53 V2
3%s
Telephone
1
60
53%
J-D
■■
L,
3%s
3%s
60
61%
60
3Vis
Foreign Securities
62
__
__
55
*53'A
J-D
22
Series
60%
J-D
21
No.
3%s
3%s
High
81%
--
J-D
18
1
Low
5
—
J-D
20
J an vary
NO.
—
J-D
19
3%s
—.
Rang* Blwee
Bold
53 34
10311
10313
Bonds
High
53%
High
City
J-D
47,000
for
25-year 3s
Friday
10,000
2s
15
1980
30,000
100.30
Dec
2s
15
Corporate Stock
Registered
100.2
2s
94.14 Jan
No sales transacted this day.
5,000
100.25
*100.29
60,000
100.17
2s
94.10 Jan
3%
103.9
1966-1971
July
Stock Exchange
109.12
*109.14
1950-1952
July
BONDS
106.12
1948
2Vis
2'As
102
asked price.
,
104.19
109
fov
(*)
105.21
*108.28
SalM
tho Weok
Bond*
103.3
*105.18
1960-1965
103.4
Transit Unification
*103
105.22
CLOSED
Deo
York
103.3
*105.19
1956-1959
Deo
New
*103
105.23
1951-1954
98
New York
103.4
*105.20
1955-1960
95
and
*103.1
105.23
2%s
International Bank
•Bid
103.4
*105.20
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Apr
100.26
*103.1
Treasury
101.13 Mar 22
July
102.4
Low
103.3
2%s
2%s
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
3
11
Apr
May
Friday.
July f(>
High
High
105.23
EXCHANGE
Treasury 2Vis
Treasury 2 lis
10
101.7
Thurxday
July 15
Law
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
7
101.26
High
*105.20
STOCK
1951-1955
2Vis
2 Vis
Treasury 2 Vis
14
101.27
PRICES
*103
1949-1952
3s
Treasury
Treasury
Treasury
Treasury
7
104.23
Low
BALI
July 14
Low
High
Treasury 2Vis
Treasury 2Vis
Treasury 2Vis
2
104.24 July
104.14 Sep
102.12
High
Treasury 2%s
Treasury 2%s
Treasury 2'As
May
104.12
Feb
Low
Treasury
Treasury
Treasury
Treasury
Deo
114."8
May
July 13
Low
High
July 10
Wednesday
Tuesday
July 13
Monday
Saturday
Treasury 3'/as
106.13 July
108.16
BONDS
STOCK
EXCHANGE
106.4
111.23
YORK
HIGH
AND
LOW
Range for Previous
New York 4, N. Y.
Teletype NY 1-911
—
'
(270)
THE
COMMERCIAL
NEW
YORK
RANGE
Friday
BONDS
York
New
Stock
Interest
Period
Exchange
Colombia
(Republic
Last
Of
1928
Oct 1961
A-0
A6s of
1927
Jan 1961
J-J
Bid & Asked
i
3s external
High
f $ bonds
*70
—
NO.
A-O
1947
A-O
1946
M-N
*38
—1947
F-A
*38
1952
J-D
75%
76
12
1953
Af-N
70
70
2
Rica
(Rep of) 7s
Cuba (Republic of) 5s of 1914
External loan 4Vis—
4Vis external debt
1951
1949
F-A
1977
Sinking fund 5 Vis—
__._1953
ACzechoslovakia (Rep of) 8s ser A.1951
ASinking fund 8s series B
1952
Stamped assented (int reduced
XBB
to 6 %) extended to
1960
lADenmark 20-year extl 6s
—1942
Salvador
4s extl
3Vis extl
of)
53%
83
83%
F-A
76
75%
70
14
68
7
59
8
54%
82
58
—
68
101
104
1977
J-J
O'/a
9Vi
10
7%
3'A
6
*58
6Vi
lOVi
5 Va
1977
J-J
18%
78
J-D
7s„ 1957
16%
16%
*25%
J-D
16%
A-0
1954
1943
1942, agree. 1968
17
16%
23
29
100%
26 Vi
27 Vi
*6Va
23%
Ann
12
22
36'/a
36 y8
12
31
■
5
18%
27%
17
20 Va
12
31 Vi'
8
lATreasury 6s
of 1913 assent— .1933
AAss'td to Nov. 5,
1942, agree. 1963
A Milan
(City of) 6 Vis
.1952
Minas Geraes (State)—
6 Vis
34
9%
'
37
7
*15
5%)
14
J-D
*8
J-J
14
~1
J-J
*11 Vi
M-a
.1965
-1963
F-A
-1957
-1970
82%
J-D
A-O
(Republic)—
Stamped assented 5s
Stamp mod 3 Vis ext to
1963
76%
14%
12%'
1994
18
s
f 6s 1st
s
f 6s 2d
39 Vi
30%
M-a
1947
19%
ser
32 Va
J-D
A-0
1940
30
33
22%
91
82%
70
_1947
68 y4
76
76 Vi
67%
93%
91
80
66%
~1
1968
92
92
69
7s
V%
31
1
loan
..."
21Va
16
16
16 %
89
14%
5%
9%
17
8
3
*11
1
14
*8
9.%
*31
—
*23 Va
24%
35
35
9%
13
9%
33
27
23
27
33
7
24%
26%
34%
37%
—
—
A-0
*34
31 Va
A-0
25
1968
J-D
*__
35
2012
J-D
*22
22%
1966
M-J#
—
—
2004
gold
J-D
23
23
25 Va
25
27%
27
4
2.25%)——2004
J-D
1952
A-0
1952
*23
1
25
M-J#
27'/a
25
2.25%)
12
91 %
99%
113
114%
866
106 V*
116%
102 %
102 % 102%
61
101
102%
A-0
102 Va
102% 102 %
30
100 %
103'/a
95%
July 1995
Q-J
*80
A-0
*__
97%
1995
A-0
77
93%
—1966
N
—
81
96
100
124
122% 123
38
115%
113
122%
M-N
13
106%
115
101
104
43
103%
105
115
1963
4s
cons
M-N
M-S
1964
J-J
104% 105
J-J
1966
debs
J-J
1948
105
J-D
1948
4s
*103% 105 %
105%
10
98'%
46%
49
79
25
31
32%
36
15%
36%
99 %
99%
25
97 Va
100 %
105% 105%
46 V
4
99 %
52 Va
1
—
*26%
--
--
23 Va
24
39%
1999
J-J
M-X
due Dec 1 1995
J-D
7 5'/a
78%
Feb 1 2010
May
54 Va
M-N
J-J
3% 7c
assented
J
conv
%
a
75
75%
78
21
67 %
54
56%
487
45 Va
56%
87
87
88 Va
29
81%
91%
80 Va
80%
81
14
70%
81
80
81 %
57
77 V*
86
96
96%
4
95%
95%
3
fixed
interest)—
income
A.—.1
series
4s
1980
1st mtge 57c
ser
A
fxd & 1%% cont int)__1980
Cincinnati division
ref
J-J
.1985
1951
J-J
-1951 "
4s
stamped
J-J
3.%S—_1951
A-O
A-0
121% 121%
Creek
Extension
Cons
Cons
1st
Corp—
ser I
2%s ser J
Maine
mtge
1970
96%
3
98%
98%
21
98%
98 Va
5
83'/a
38 Va
—
4
98%
M-N
1967
M-S
1955
M-N
1961
1st mtge 5s series II
1st mtge 4%s series JJ
1st mtge 4s series RR
A-O
*101
(Ernesto)
Co 7s
56 Va
A-O
Bristol-Myers Co 3s Debs
1968
Bklyn Union El 1st gold 5s
—1950
Bklyn Union Gas 4s debentures—1969
Rochester
&
'
Stamped
modified
Consolidated
F-A
Term
Calif
Elec Power
Oregon Power
Canadian
National
Guaranteed
gold
gold
gold
gold
22%
25
27
18
31
33%
31%
28
2»
31
22
27
1st
3s
3Vas_'-
57
103
50
26
1
19
27
6
102
103
1976
1
—
30
73
26
—
1
—
—
5%
6.
8
92
7
86%
8
95%
66
66%
39
98%
99
93 Va
100
34
32
41
25%
35%
83%
89.:
4y2s
5s
5s
1
4%s_„
4%Si.—
1957 '
—
67
78
9
4V'a
11
3%
7%
7%
19
7
13%
*6%
8
,5
9%
—1957
*86%
90
85
90%
99
103%
99 Va
102'/a
100%
110
11
111%
114%
107% 108
12
10774
108%
109%
4
111%
113%
14
110%
112%
10
106 %
107%
123
82%
*108% 109%
J-D
112% 112%
111% 111%
F-A
M-S
J-J
106%
94%
1 1949)___
1st mtge 3%s ser B—
lACentral RR & Banking Co
1974
1968
(partial redemption)—1942
Champion Paper & Fibre deb 3s
1965
107
102% 102%
13
100 Va
1
*100%
.F-A
108
109%
97 %
108 %
58 %
—
99
67%
103 %
*
100 Va
__
J-D
*70
80%
F-A
82
82%
72%
75
13%
14 Va
12
12
j-J
70
78%
80%
39
63 Va
84
149
39%
75%
53
6%
13%
129
6%
70
70%
77
70
71%
May
74
74
74
10
74
78'/a
May
58%
58%
58%
62
36
36
10
M-N
A-O
v
95 Va
19
*65%
102%
F-A
—1959
5s series
94%
100% 100 Va
J-D
A-O
106% 107 Va
108
M-S
.72 %
A-0
14%
14 Va
60%
82
18%
36%
107
*107%
A-0
55%
52
J-D
J-J
107 Va
.
J-J
,
-—,—1987
A 4s
registered
r_.x__—1987/
Central New York Power" 3s„__"___1974
stamp
96
107
24
F-A
"gold 4s—1951
§AMobile DiV 1st gold 5s
1946
Central Illinois Light 3%s.
—1966
JACentral of N J gen gold 5s—'—1987
A 5s registered
——1987
5s
2
105
102
113 Va 113%
J-J
gold*5s——1—1945
5%s series B
1959
to Aug
100
68'/a
88 Va
108% 109%
A-0
gold
gold 4%s_„_-_j.—___jl951'
Ry 47c deb stk' perpetual'
Carolina Clinchfield & Ohio 4s_
1965.
Carthage & Adirohack Ry—
1st mtge gtd 4s"
1981
Celanese Corp 3s "debs__
J
1965 '
Celotex Corp 3%s~ debs
."_1960
3%s debs (1947-issue)-—
_1960
ACent Branch U P 1st gold 4s
1948
^Central of Georgia Ry—
§A 1st mtge 5Sx_——.Nov 1945
(4%%
100
*102% 103
109
1970
1955
_1956
Pac
4s
1
-Oct 1969
Guaranteed
AGeneral
100
11
105% 105%
M-N
A-O
91 '/a
91
59
100 Va
*101% 102
91 %
Ry—
Central Pacific 1st ref gtd gold 4s_1949
1st & ref series A
5%.
86%
60%
89%
J-D
_\.__f974
38
*71
72%
97%
A-O
gtd 5s A___1962
40
90
13
85%
56
'
J-J
BldgS '5s gtd——1960
27
*86
100
102 Va
89
A-O
31
A-0
88
101
84%
98
Af-N
mtge 4s ser A wi.'—1995
Gen mtge 4%s "ser A wi__Jan 1 2020
Gen mtge 4%s ser B w u-ijan 1 2020
—
100
90%
97%
1957
-_1855
gen
30
99%
96%
Af-N
1952
due
5s
&
30
97%
Pgh Ry—
(interest at
37c to May 1 1947)
Bush Terminal 1st 4s
A Ref
*32
96
J-J
mtge 2%s—
—1976
Buffalo^Niagara El 1st mtge 2%s__1975
46
,
94%
*102
M-S
Gen
36%
*26%
123
102% 103
34%
F-A
1954
3
—
119
26
J-J
July 1970
5
--
*83%
M-N
1960
mtge 4V2s ser A
39 %
35
96%
100 %
RR—
series AC
5s
J-J
1976
2%s
mtge
ABreda
~1
96%
Af-N
2%s debs___ 1961
96 Va
88%
Steel
mtge
&
1st
88 Va
100 %
Telephone of Pa 5s series C__1960
Guaranteed
1958
(2%%
contingent
39 %
5%
66%
70
& gen mtge 6%
gen
*10
66
70%
&
J-J
5%
98
70'/a
ARef
~
1962
94
86
58%
39
J-J
1962
82
47
57
29
A-0
1958
43
57%
Guaranteed
(Kingdom)—
7s
92 %
96
60
1
35
A-0
91 %
93%
J-D
AChatt Div pur money
1978
91%
94
203
35
1940
extl
A-O
A-O
due Dec 1 1995
35
1968
3 Vis
RR—
68 %
26%
25
38
2012
external
Council
96 %
113 %
A-O
1st
2004
dollar loan
Sydney County
J-D
J-D
68',
§AConsol
1956
(Int reduced to 3.5% )
-
93%
97 Va
68%
34
Stamped pursuant to Plan A
A4 Vis
94%
67
32
24%
25
Af-N
2001
water loan
extl
93%
1962
5s
2%s
Guaranteed
J-J
sec
106 Va 107 %
*99%
Can
1950
of)
90%
106%
98 Va
109
1957
G
22
—
A
external
B
1st
Guaranteed
J-J
(Prov
33
J-D
A-O
July 1 1995
*
1999
secured
706
101%
65
Bethlehem
31
J-J
series
85%
_1969
Co
Beneficial Indus Loan
Plan A
(Int reduced to 2%)
lASecured s f 7s
A8s
92 Va
47
27%
35
25
Stamped pursuant to Plan A
A7s
90%
18
91 '/a
3 2'/a
18
*2874
*22%
1936
ASilesia
58
96
90%
67
4s
Bush
26
1999
1926.
& Slovenes
93%
95%
94
95%
90 %■
66%
27%
F-A
M-J#
Serbs Croats
93%
J-J
M-a
Con
35
~1
F-A
26
-
37
—
A-0
26
6%
33
17
Stamped pursuant to Plan A
.
97%
99
78 Va
F-A
3s
Canada Southern cons
Stamped pursuant to Plan A
(Int reduced to 2.5%)
B i;
103%
M-a
Buffalo
30
A-0
5%
7
...
—
*23
Jf-N
A6s extl
96 %
85 Va
due Mar 1 1996
AInc
*16
J-J
(Int reduced to 2.5%)
B
75
due Mar 1 2000
California
8s__
to
94 Va
13
72
___1987
deb
1st lien & ret, M 4s ser D
Bangor & Aroostook RR—
17%
2
7%
J-J
1957
reduced
15
78
__
7%
J-D
2012
(Int
98%
78
•
A-0
1961
j,
17%
J-J
1946
(Int reduced to 2%)
lASan Paulo (State) 8s
V;
Stamped pursuant to Plan A
extl
85
98
M-S
(3%%
17
14%
C Stamped pursuant to Plan A
A7s
Va
100
86%
1975
gold 4s
S'western div
27
14%
2012
.(Int reduced to 2.375%)
A6Vis extl secured s f_:—
A8s
97
82
—
K
Toledo
32
2
Stamped pursuant to Plan A
?■
31
19
1953
1967 stmp pursuant to Plan
ASao Paulo (City)
I
95
16%
*9
gen
3%
Ref
108
16 Va
Plan A
to
of
107
M
Boston
2001
1921—
(Int reduced to
ARome (City of) 6Vis
I;
95
80%
102
Plan A
Stamped pursuant to Plan A
(InV reduced to 2.25%)
>
1
16
J-J
1961
(Int reduced to 2%)
external
«0%
84%
to Plan A
Stamped pursuant
A7s
104%
103%
1
*83
J-D
July 1975
B
(4% fixed
contingent int)__July 1975
mtge 5% (27c fixed
contingent interest)—
1%
Series
93
16 Va
A-0
1950
(Int reduced to 2.5%)
i
*100V'a
A-0
28
100%
__
107
107
A-0
10 Va
29
*103%
Pgh Lake Erie & West Va—
Bell
Plan A
fund
*25%
M-N
J-J
1982
Refining
A4%s
95%
73
„
80
89%
(State of)—
sink
A-O
1986
mortgage
&
Ref
94%
7
19
*21%
A-0
(Int reduced to 2%)
external
7
95%
:
4s
Series
97%
78 Vi
16
A-0
(Int reduced to 2.375%)
AExternal sec 6Vis
A6s
11
5
"l
6%
Series
25
8iy8
31
A-0
1958
1963
to
1st
Coast
and
25%
84%
us
1961
8s
Stamped pursuant
Ref
24%
*85% 102
u-s
1960
1946
of
6%
Series
102
M-a
1959
ser
(Int reduced to 2.375%)
2001
7Vis 1966 stmp pursuant to Plan A
(Int reduced to 2.25%)
2006
i ARlo de Janeiro
(City of) 8s
Sul
7
14
*9
96
debentures
Products
and
32
23 y4
*90%
J-D
2008
lAPoland (Rep of) gold 6s
A 4Via assented
AStabilization loan s f 7s
A4Vis assented
AExternal sink fund gold 8s
loan
27%
mtge 4s ser A
mtge 5%
ser
1st
31
A
(Int reduced to 2.125% )
APeru (Rep of) external 7s
extl
25
F-A
'
B
1st
14
25 Vi
*74%
80
M-TX
1967
ref 3 Vis series B
lAPernambuco (State of) 7s
Stamped pursuant to Plan
IA 8s
*25%
F-A
1980
.•
Baltimore <fe Ohio
Beech
A
Rio Grande do
W
and
Panama
Stamped pursuant
A-0
July 1952
9%
77%
A-0
-1955
pursuant to
90
Atlantic
7%
91
A-O
Municipal Bank extl s f 5s
(City) sink fund 4Vis
Stamped
70
M-S
General unified 4%s A
Atlantic & Danville Ry 1st 4s
13
8
25
*23%
M-H
-1956
Oslo
to
70
Ry—
8%
32
MS
M-a
sink fund 4V4S
sink fund extl loan
3Vis; s f external
4s
15%
-
23 Vi
M-J
1957
10%
*__
25
M-a
.1959
External
Stamped pursuant
67 Va
Atlanta & Charlotte Air Line
1st mortgage 3%s
*15
J-J
-2008
—
Norway (Kingdom of) 4%s
A4Vis assented
APorto Alegre (City of)
*
7Vi
12 Vr
10
Plan A
(Int reduced to 2.125%)
Netherlands (Kingdom) 3Vis
extl
92
J-J
18
&%•
*10
J-J
A-0
10
«
*6Vi
J-J
.2008
—
f 6 Vis
to
80
9V'a
'
13 Vi
Plan A
2.12
Stamped pursuant
9
*6
J-J
.1958
to
4
Telegraph Co—
debentures
Arbor
P
Atlantic
*8
Q-J
82 %
Q.J
1945
82%
1966
Atchison Topeka & Santa Fe—
General 4s
19 Va
9%
36%
89
26 Vi
27
83
F-A
2030
debentures
conv
Stamped
17
74
1956
5s_:
debentures
Tobacco Co
3s
13 Vi'
22
—
27
M-N
j-J
1899 £_. 1945
1899
to
deb
debentures
2%s
Amer
96 %'
—
18
J-J
1951
1963
ANat loan excl
Pow
Telephone &
conv
2%s
8%
50
*100%
MS
1942, agree. 1963
1904
1954
Ass'td to Nov. 5,
1942, agree. 1968
iAAssenting 4s of 1910
1945
Ass'td to Nov. 5,
1942, agree.
&; ANat loan
2%s
A
:
sec
Foreign
2%s
J. J
AAssenting 4s of
Ext
&
American
20
101% 101%
M-N
85
2
1967
Allis-Chalmers Mfg 2s debs
American Airlines 3s debs
Second
pursuant
3%s
debentures
Ass'td to Nov. 5,
;v
Albany &
Alleghany
debentures
1977
13 Vi
76%
mtge 3y2s
1972
Susquehanna RR 4]is__ 1975
& Western 1st gtd 4s__1998
debentures
1960
75
76%
1st
2%s
1952
extl 5s of
s
90
Southern
2%s
to 3%
to Nov 5,
reduced
95
=
Great
2%s
8V4
75
J-D
1952
Power
48 Vi
F-A
Af-N
1958
7s
7s
Alabama
44
A-O
18
86%
73
1952
Alabama
13
Utility—
A Sec external
70
38
1947
A Sec external s
f
35
Co
44 Va'
1960
30
I
RAILROAD AND INDUSTRIAL COMPANIES
AAdriatlc Electric
435/a
B
(US)
110
*41 Vi
M-N
121
78
1958
J-J
MS
121
76%
77%
1984
external
(City)
J- J
*5
118
1978
A4%s assented
1967
1949
124
117
1978
110%
53
A Warsaw
48 Vi
7s
124
*110
__
High
Low
No.
130
*120
__
—
3Vas extl readjustment
AVenetian Provinces 7s
Amer
1968
Assenting 5s of
18
60
—
7074
Sold
111%
6
76
A-0
Af-N
High
Range Since
January 1
Bonds
*110
__
118
108%
conversion
External
101%
112
Af-N
1979
1937)
37/a-4 Va-4-fos extl conv
4-41/4.4 %s extl readjustment
48 Va
Mexican Irrigation—
i A 4 Vi s assented
(Int
102 §1
100
1964
6s
33/4.4.41/38 ($ bond of
readjustment
External
*67 v2
Altaly (Kingdom of) 7s
AJugloslavla (State Mtge Bk)
Medellin (Colombia) 6Vis
Stamped
53%
83%
1964
Credit Institute 1%
AExternal 7s
Ass'td
A-0
13%
102%
—
80
—
79
1
112%
*70%
*70%
82
53%
fund
44
58
sink
F-A
Af-N
—1979
AExternal
J- J
Helsingfors (City) ext 6Vis
Irish Free State extl s f 5s
Italian (Republic) extl s f l-3s
Italian Credit Consortium for
Public Works 1% to 3%
IA
A-O
Bid & Asked
1946
8s
6s
45
44
fund
J- J
A7s part paid
A6s part paid
lAMexico
-
Week's Range
or Friday's
Sale Price
Low
sink
42%
6
—
110 74 111 Va
J-J
Greek Government—
Public
10l'<
Last
Period
1960
extl
AExternal
Jan 1, 1976
3s extl s f $
series
15%
15%
102% 102%
38
42
-
Interest
Exchange
(Republic)
SAUruguay
42%
*110
—
111%
73 Va
75
Stock
York
New
High
41%
—
*100
A-0
l(t
Jan 1,1976
Jan 1, 1976
AEstonia (Republic of)
French Republic extl 7s
5 A 7s
Italian
—
,
Low
—
f $:
s
15%
68
-
1962
(Republic
$_,
f
s
J-J
40
1955
External gold 5Vis
External gold 4Vis
El
J-D
39%
*41%
M-a
—1949
39%
M-N
JULY
BONDS
70
1970
jASinking fund 7s of 1926
B § ASinking fund 7s of 1927
Copenhagen (City) 5s
25-year gold 4 Vis
ACosta
RECORD
ENDED
January 1
70
75
*70
—
Monday, July 19, 1948
Friday
Sold
IA Colombia Mtge Bank 6 Vis
s
BOND
WEEK
CHRONICLE
Bonds
Sale Price
of)—
A 6s
!
FOR
FINANCIAL
Week's Range
Low
V
&
70%
70%
75%
229
37%
Q-J
69%
69%
74%
265
35%
79
J-J
63
62 %
64%
33
32 Va
73%
32%
63 Va
*__
Q-J
*__
A-O
F-A
F-A
F-A
102%
63
102%
102% 102%
97 Va
17
*97% 100 %
103% 103%
*36
38
*100% 10074
81
103
102'/a- 103%
96 %i 102%
6
101%
29%
96
i
f
104 Va
39%
100%
Volume 168
Number 4717
•
THE
COMMERCIAL & FINANCIAL CHRONICLE
NEW
YORK
RANGE
Friday
BONDS
New
York
Stock
Interest
Exchange
Period
Last
or
Sale Price
R
&
A
2d
Div
consol
1st
1996
M-N
100
1996
100
gold 4s
1st
&
4s
162
102
102
1989
ref
4V2S. series
1985
4%s
Ind & Louisville
Chicago
A
1st
A2d
mtge
mtge 4s inc
Chicago Ind
Chic Milw
1st
&
St
Sou
Paul
4%s
inc
conv
Chicago & North
2nd
Chicago Rock Island
&
mtge
Chicago St
conv
4%s
ser
Memphis
Div
1st gold 4s__;
1043/4
109%
1st mtge 3 'As
•
series F__
1st & ref 4%s series D_i
J-J
Jf-N
Francisco Sugar coll trust 6s
1956
1
111
120
21
79,
90'%
43
55%
54'%
39%
Gas & Elec of
24
99 7%
28
65%
53%
;
1962
Cine Gas & Elec 1st
mtge- 23As_*—_ 1975
Cincinnati Union Terminal—
•
1st
mtge gtd a%s series
1st mtge 2%s
•
E
1969
87%
100
Cleve
Cin
Chic & St Louis
-General
100%
102
gold 4sl__
^1.
_1993
/
.
■r
Cin
•
,
Wab
&
—1993
_i
1977
1st* 4s_~-1991
Mich Div
s St, Louis Div 1st coll
trusjt 4»_—1990
Cleveland Elec Ilium 3s
1st mortgage 3s
i
___1970
1982
Cleveland, & Pittsburgh
RR—
.
ist mtge 5%s -series'A-i—
1st mtge, 5s series
B_—i.__„_i
-
1st mtge ,4%s series
-C^2—
Colorado & Southern Ry—
debentures
Ohio
1st
&
Tol
El
extl
J-D
80
—
1063%.
J-D
107
20
.
—
■
J-J
96%
12
82
m-n
97
&
1st
&
77
65 5%
36
59%
70
92
1
84'%
92
20
1033/,
v
M-N
54
M-S
:
101
A-O
103%
—
__
—
--
3s
debentures^
Consolidated Natural Gas
conv
101
—
1st
mtge 3'/8S
SACuba Northern Ry
A
Deposit receipts
ACuba
A
RR
A6s
ser
B
ser
—
F-a
__
—
M-S
96
._y i
105% 106
/1
"■>
15
■':
17
103% 104
15
54'
.
101
55 %
__
J-D
109 %
A-O
__
M-S
--
J-J
102
M-N
1942
J-D
107
receipts
38'%
J-J
__
J-J
,
A
deposit rets———1946
deposit rcts__
:
1946
79%
—
J-D
__
J-D
Deere
&
Co
23/4S
debs_
1075
A-O
1978
..100% 106
96% 1043%
51
2
——1965
Delaware & Hudson 4s
extended—1963
Delaware, Lack & West RR Co—
—
N
Y
Lack .&< Western
1st &
•
ref M 5s
AIncome
mtge
1013%
■
1"
1st
—
91%
95 Ya
63
63
*102%
102
102%
*104%
26
J-J
-
100%
J-J
A-O
Jan 2044
.
99
Apr
J—1969
64%
Jf-N
1976
100% 100%
78%
78%
99
64%
*—
14
4
68%:
lOlVa
80 ;;;
8
921/2
100
108
56 3/4
100
65%
93
977/a
933/4
66%
9.7%'
A-O
-1971
•
Jf-8
*95
J-J
•
125
J-J
J-D
*__
—
96
97%
18
94
10
*100%
99
7
540
943/4
57
102
2
94%
*50
52'%
38
10
1015%
6
85
96%
127%
98
63
63
65
143
67%
68
27
27
291/4
294
17i%
291/4
__
Jf-fl
4s
1952
A-O
-1953
U
95
99
923%
97
963%
111
100
1013%
103%.
106
110%
101%
98
101'/2
96 '
102
88
94'%
553/4
;
Cent
105%
42%.
A 1st 6s series
A
6s- series
9
32%
36 3%
A 1st
5s
2
333%
37%
A 1st
34%
V4
9S3A
21
96
6
129
102% 108%.
77
104%
89y4
104'%
100
~1
97
100
103
11
991%
103
4
95 %
100
99%
99'%
101
*100%
102%
99%
993%
-
5
102% 102'%
-
100
97
101%
102
102%
101
—
97
2
101
101
——
-
4
*100%
j-d
98%
99%
109
91i%
92 %
35
86 34
86 3%
1
77
100'% 100'/a
5
95
101
100
102
j-j
100'%
j-j
—
J-D
—-
j-j
A-O
*86 7%
102
883%
81'%
100 %
93%
88%
90
•»*»
85%
65
67%
24
52%
67%
37'%
37
381%
132
20
43%
63%
j-j
-1956
*101
65
j-j
'_1956
:
983%
91%
j-d
§AInternat Hydro-Elec deb 6s—^__1944
Int Rys Cent Amer 1st 5s :B
:—1972
63
63%
12
483%
63%
85%
—
J-D
63
63
2
50
66%
66 %
67
133
60
67
99
102
M-n
a-o
*99
101
63
99%.
1031/4
103%
James Frankl &
33
100
102
Jersey
25
95'/2
7%
j-d
A_L_July 1952
series: B
103%
89
96%
103 y2
94
88
O—
gold 5s series C
37
105'%
103
F-A
——_1952
36
98
103%
100
J-J
1951
Ai
84
87
*104'%
F-A
Illinois Terminal Ry 4s ser A__
^1970
Indiana 111 & Iowa 1st
goid 4s.
1950
Indianapolis Unibn Ry Co=—
,Ref & Iipp 2y2S,ser C—
<.1986
tlnternational Great Northern RR—
37%
105% 1063%
87
J-J
J-J
Joipt 1st ref 5s-series A„___^.__1963
1st & ref 4'/2S series C_J
1963
1st. ref mtge 4s ser D
!
1963
33%
36
M-N
F-A
F-A
801/4
11
99%
101%
J-J
N
2
1023%
J-J
&
,•
....
103
104% 104%
J-D
1
Adjustment
103
102
...
70 "
98%
—1951
L
1003%
95
3%s—1951
4s
II
6
i
St
100.
2
gold
1st
1st gold
Chic
95
101% 1011/2
1966
3%s___-
and
7
102% 102%
^1950
gpld 4s
Registered
98
J-J
1955
4%s
Western Lines
973%
103%
M-N
6t Louis Div & Term
gold 3s____1951
1
Gold
97%
M-N
Litchfield Div 1st gold 3s_
—1951
Louisville Div & Term gold 3%s_1953
Omaha Div 1st gold 3si
_^__1951
98
95
1955
1952
Refunding 5s
Springfield Div
96
105%
A-O
1951
i
sterling.
Refunding 4s
104%
104 Va
*100'% 1013%
Collateral trust gold
1073%
88
1
F-A
^
*101
gold 3y2s_:
36
98
29
-
33%
*35
96
Purchased lines 3'/2s
Collateral trust gold 4s
'
104.1%
523%
_
39'%
*83
95
104'/4 1041/4
A-O
40-year
100%
—
993%
102
95
M-N
J-J
1st gold 3s
.
.
12
1001/2101
94
94%
1191/4
97%
1951
103%
A-O
95%
125
1951
Cairo Bridge
105%
*98
98'%
98%
102% 102%
109% 1103/4
-
,__F«b 1957
RR—
1st
108'%
104'%
__
*105'/4 106%
*—
1
881/2
80%
Central
Clear 1st 4s
Pow
&
—1959
Lt 27/«s
1976
Kanawha & Mich 1st gtd gold 4s__1990
Kansas City Power & Light 2%s-_1976
A-O
80%
811/4
17
75%
83
98 Vz
A-O
Kansas
81%
Jf-B
88%
66
68
21
54
68
M-N
65
65
651/a
15
54%
2042
A-O
J-D
J-J
2018
2
"101% 103
101
65%
103
104%
50y4
(4'/2%
98%
11
95%
98%
90y4
■-
911/2
65
80
93
Apr
673/4
67%
70%
94
51%
Income mtge (3% fixed
1% contingent int)_
Edison 3'As series G
J-J
82
81V*
82%
39
1966
M-S
66%
108'/4
82%
series H
108'A 108'/2
14
J-D
107%
110%
103'/4
103% 104
28
102%
98 y2
94"%
95
98%
9
981%
102 Va. 102 Va
8
102 %
J-J
111% 111%
Kentucky,
J-J
i*
497/a
44
*98
98%
97
70%
1993
*90
City Southern Ry 1st 3s___1950
1st mtge 4s ser-A
11975
Kansas City Terminal Ry: 2%s_,
1974
Kentucky Central gold 4s
—__1987
A-O
1061
—
103
103
A-O
Indiana Term 4Vas<.w_1961
Stamped:
97
H
j-j
103%
.97
60
1
9
98
•>
100%
103
96%
1047/s
97
100%
110%
114'/a
50
98%
1041/4
••
Detroit
K
J-D
—
1970
—
Denver. &-Salt- Lake—
ref 3s
11%
100%; 102%
ey*
__
J-J
100%
881/2
mtge.ser A/- (3%fixed
contingent intj——1993
&
9%
J-J
107
661/2
irA
Gen
82
72
1981
105
Af-N
Light'3s___1973
,coU-tr ^VaS————!_1977
Rio Grande West RR—
contingent int)
98
92%
74
'
1975
July 2015
;
107
M-N
Power1 &
AIncome mtge ser A
99%
827/#
94
9'/4
Extended
102 3%
:_1993
1st mtge &
Denver &
2
88
*64
A-O
1959
1st gold 4s
102
.--1973
due———
Morris & Essex division.
'„ Coll Tr 4-6&-^-w—__i_May
Delaware
79%
90
div
C—iz
ser
98'/4
J-D
Af-N
79%
;—1951
Illinois Central
583%
1003%
2
—
J-J
-1965
~4
*93
D
Dayton. Pr & Lt.lst mtge;2%s
1st mortgage 3s
Daytoiv Union Ry3%s ser B
10
95%
91%
•
Feb
.
3s
117%
98
*94
-Fib
.
123%
110 *
J-J
1961
^
Illinois Bell Telej) 23/4s series A
108 %
98%
107'%
*109%
104
80
*100%
94
__
J-D
-1952
R
deb ctfs a
AAdJ. income 5s^^
101% 101%
95
" IOI1/2
20
101
101% 101%
94
A-O
1966
5%s
1st 55 gold——
Deposit
A7VaS
1st
J-J
a-o
J-D
-—1963
-J-J
B
97%
112
116 7
4
91%
J-J
Q—.___„___2010
98
J-J
1982
1st gold 31/2S—
./
101% 101%
106% 108 «/4
<-
V
__
7%
-
1C2
M-N
23%s__.<_1968
Consumers Power 1st
mtge 27/eS—1975
Continental Baking 3s debs—
1965
Crucible Steel
F-A
1972
J-J
A—^—-2000
109V4
3
123
1043/4
1003%
__
■
a-o
1972
17
117% 117%
86
97'% 101
106
IO43/4
*1011/4
r~~-
A-O
M-S
ref mtge 23%s ser C—
ref 3s series D__
110% 111
123
Hudson Coal 1st s f 5s series
A_—1962
Hudson; Co Gas list gold 5a
1949
Hudson & Manhattan 1st 5s A____1957
993/4
68
*100%
__
F-A
97
Commonwealth Edison Co-—
1st
110%
J-J
Hackensack Water 1st mtge •2%s^_1976
Rocking Valley Ry 1st 4'/2S-.^
1999
Household 'Finance Corp 23/4»__—_1970
65
__
*1033/4
--
F-A
Consolidated Edison of New York—
1st & ref mtge 2%s eer. A—
1982
1st & ref mtge 2%s ser
B——1977
38
1990
O
103
81J/a
H
82
74%
104
J-D
103%
1965
99% 100
-
93
78
20
92
65%
M-N
a-o
Consolidated Cigar Corp 3%s
99%
1013/4
73'%
64%
73%
1057%
l^t mtge 3s series L
—1977
Conn Ry & L 1st & ref
4V2S——1951
Conn River Pwr s f 33%s A
1961
—
109
98
913%
81%
*100%
—
J-J
J-J
3%s—..1970
Jf-N
85
.J-J
Ohio RR—
1st mortgage
100%
103
*84%
LJ-J
P—
Gen mtge inc 4s ser B
Gulf States Util 1st M 2%'s
.
j-~
96
106'%
1955
1053/4
102
98
80
J-D
4s
ctfs
&
*102
1976
1st & ref 4s series B^
Gen mtge inc
5s. ser A_
1st & ref 3%s, series D_A
1
a-o
Columbus & H V 1st extl gold
4s—1948
Columbus
103-
98
Debentures
Gulf Mobile
106%
J-D
ms
1973
Greyhound Corp 3s debs
993/4- 102'%
31
100'A 1001/4
a-o
—1973
80
102%
4
99%'
91
74
16
-
—1
Columbus. & Sou
78
--
105%
*93
1973
4%s (stamped modified)—;
1980
Columbia Gas &• Elec 3VaS
debs___1971
3 'As
IOO1/4
—1977
,
66
62
105
__
F-A
J-D
1972
•
'
5
80
.
Series C 3%s gtd
1
1948
8eries D 3%s gtd
1950
Cleve Short Line 1st gtd
4%s—_1961
Cleveland Union Terminals Co—
'•
A
1
Ry—
General ,5s series B
Ref & Impt 4% 3: series
E—.
102%
50%
102Va
—1952
-
3%s[ser N
3%s. ser
mtge 2%s.ser
Gen mtge 2%s ser
Gen mtge 2i/4s"ser
A Green Bay & West
105
100
"l
7
F-a
1974
Gen mtge
Gen mtge
Gen
101% 101%
104V2 104%
—
G___^
ser
City Ice & Fuel 2%s
debs_i______1966
City Investing Cn 4s debs_.i—i___
1961
104
,7
100
Corp—
^
5s series C
General 4%s series D
107%
88
98'%
102
*103% 104
Co 1st mtge 2%s_1965
Ry Co—
General
71%
1043% 104%
98'%
(B F)
M-n
1949
cons 5s
Utilities
General 5%s series B
101%
101'/a
a-o
Goodrich
&
inc debs
70%
100
105
17
61
59
1969
Berg Co
Realty
conv
94
41
101 % 101%
—
613%
167
87
1C4%
MS
A4s
58%
*100
104-/8
General
74%
89
5
J-J
J-J
106
Great Northern
J-J
11952
61%
/
92%
__
94
*76%
60
55 %
89%
102% 103%
*101% 102%
66%
44
106%
88
86%
96%
100
80
13
102%
ms
.
66%
85%
78
96%:
100
ms
88%
94
—
99',4
112
80
106
88
85%
*95
J-D
125
101 %
*_
M-S
ms
1959
*104% 106
J-D
J-J
1953
;__1971
3%s ser G___—-.2000
mtgG 3%S_
1974
183
__
86%
1961
69%
S57/e
73%
94
A 1st & ref 5s series A
1
A Certificates of deposit
68
--
1st
64
112
,
61%
106
J-J
•
mtge 2s ser H
cons
73Vi
81
tFlorida East Coast 1st 4%s
68
J-D
1963
mtge
1st
72
93
Firestone Tire & Rub 3s deb
60
J-D
1963
1st cons
72
1003/4
.
1st mtge 27/es ser
G—__r
Chic & West'n Indiana conv
4s
.
High
86
80
—
104% 105%
70%
73%
701/4
Apr
1951
108
60
.
J-J
Chic .Terre Haute &
S'easterp. Ry-r1
1st & ref- M 23%-4%s
1994
Income 2%-4'As'
1
—1994
Chicago Union Station— •
Low
102
71%
,
55%
1951
Gold 3%s
14
1*4
98 3%
1951
January 1
No,
99
54
J-J
A__Jan2019
L & New Orleans 5s
Range Since
Sold
*81
50
*92%
54%
--
Apr
1989
High
:
Bonds
*93
34
79
Apr
_____1994
Friday's
J-J
91
797%
84%
Pacific Ry—
1st mtge 4s series A
Gen
110.%
5
—
J-J
14
64%
J-J
Jan 11999
or
A-O
139
80
Apr
Western' Ry—
H7i/4;
110%
mtge inc 4y2s ser A—Jan 2015
1st cons mtge 3 V4s ser E
1964
1st cons mtge 3%s ser F
—1990
106
115
Gen
104%.
101%
50
64%
J-J
—Jan 1 2044
mtge cony inc 4V2S
mtge 3s ser B
1st
84'/4
J-J
A__Jan 1 2019,
Week's Rang*
Bid & Asked
Co—
93
J-J
1994
ser
Railroad
1
J- J
1956
Last
Sale Price
Low
130%:
100
118% 118%
RR—
B
ser
118%
J-J
Jan 2003
50-year 4s
& Pac
mtge 4s ser A
mtge 4%s inc
Gen
M-N
Jan 1983
A
ser
Ferlodi
Stock Exchange
98
47%
*76%
—
Ry—
A
ser
mtge 4%s inc
121
30
100
97
98
48 %
M-N
Jan 12038
York
High
11
120
100
J- J
.
Low'
35
.
110
110%
111% 111'/a
111%
—
,.__1997
Friday
Interest
BONDS
New
Ohio Div
F-A
Chicago & Erie 1st gold 5s
1982
Chicago Gt West 1st 4s series A___1988
inc
*109
F-A
.
127%
117'% 117%
--
F-A
.
1985
mtge inc conv 5s
mtge 3%s ,sgr B—+.—
AGen
127
—
J-J
1970
AGen
1st
127
J-J
—1977
1st & ref mtge 3'/aS—
1st & ref mtge 2 vis—
Chicago & Eastern 111 RR—
16
.
J-J
1958
,
NO.
101
F-A
1989
Range Since
January 1
Sold
27
RECORD
JULY
Erie
M-S
Chicago Burlington & Quipcy RR—
General
Bonds
High
1992
gold 4s
cons
ENDED
s
Friday's
Bid & Asked
Chesapeake
& Ohio Ry—•
gold 4%s
Ref & impt mtge 3%s D
Ref & impt
M.3.%s series E
BOND
WEEK
Week's Range
Low
General
FOR
(271)
Gen & ref 2%s series I
1982
Detroit & Mack .1st lien gold" 4s___1995
ASecond gold 4s_^i—
-1995
Detroit
Term & Tunnel 4y2s„_
1961
Det Tol & Ironton RR 23As ser B—1976
•Dow Chemical 2.35s debs
1961
f § ADul So Shore & Atl gold 5s
1937
Duquesne Light Co 2%S————1977
M-S
96'/8
96%
96'A
.
4
96
J-D
*73%
J-D
*65%
M-N
106
106
2
86
86
10
61
97%
97%
M-S
J-J
977/e
J-J
F-A
*451/4
981/2
98%
68%
72
581/8
4
-1961
Kings County El- L & P 6's___
Koppers.Co 1st mtge 3s_—
JAKreuger & Toll 5s ctfsi
45
j-j
971/4
*97
112»/8
98
„1997
A-O
175
A-O
102% 102%
3
—1959
M/
1%
50
1
1%
109% 111%
35
102
111%
175
1
169
993/4
176
103'/4
75
68
106%
86
96%
38
112%
*112% 113
^—1964
98%
Laclede Gas Light.4 %s conv debs__1963
Lake Sh & Mich. Sou gold, 3%s____1997
3%s registered,
i
Lautaro Nitrate Co Ltd—
•—1997
;
48
98%
1961
98'/at
96
78
Plain.
41/2S unguaranteed
....
98%
491%
100%
A 1st
mtge income
-
jr-0
109%
J-D
96
96
3
88%
98
J-D
90
90
2
82%
90
1975
DM
89%
90
833/4
92
—1970
reg_i
A-O
961/4
96'A
90
961/4
Lehigh Coal & Navigation Cq—
S
East Tenn Va & Ga Div
Ed El 111 (NY) 1st cons
Elgin
Joliet
& East
Ry
1st 55—-1956
gOld 5s____1995
3:'/4S_-J___1970
El Paso & S' western 1st 5s
5s stamped
1965
M-N
footnotes
see
page
—1965'
29.
,112
M-S
A-O
A-O
mtge 3%S
ser
A
Lehigh Valley Coal Co—
;
112
110
112%
156%
156%
156%
105%
i
101%
106%
100
105%
Lehigh Val Harbor Term gtd 5s—1954
Lehigh Valley Ry Co NY 4%s ext_1950
'
J-J
■
For
112
F
*105
"
106% 106%
*103
102
5s
stamped
5s
stamped
1984
F-A
95
100
,i———1964
F-A
937/e
937/a
84
95
1974
F-A
*91%
94 y8
823/4
69%,
71'/2
16
60
94
711%
743/4
11
67
75
:
5s stamped
—1
T'
""" J'J'
:
*100
F-A
62%
J-J
7^%
v
28
THE
(272)
COMMERCIAL
&
FINANCIAL
CHRONICLE
Monday, July 19, 1948
•
'
i
•
•
.
RANGE
Friday
Interest
BONDS
Period
New York Stock Exchange
or
Range
Friday's
.2003
Guaranteed
Af-N
3s
1st &
27
39%
Af-N
43%
42 %
40
43%
45
78
109% 109%
AGen mtge 5s conv inc
Norfolk St Western Ry 1st
40
Northern
111%
4s registered
General lien 3s.
Af-S
100% 100 %
Af-S
*100'/a 100%
P-A
109% 109'A
2
A-O
101% 101%
1
1966
1978
M-S
*103% 107%
A-O
2003
A-O
mtge 3s
*__:
101392
102 Va
100
St
Louis Div 2d gold 3s
Atl Knox & Cine Div 4s
1980
noy4
101
108 "A
U-M
1960
J-D
95
83%
95
95
1954
(Southern Lines) 4s__ 1959
AManila RR
92'/a
1
Lans
&
1st
mtge 3VaS_1969
1st ext
70
mtge 4VaS inc
A
ser
Jan 1971
Jan 1991
106
32
Essex
5s
Co
1st
series
Paducah Ac 111 1st s f gold 4%s
1955
Paterson Ac Passaic G Ac E cons 58.1949
104
104
84%
61
69%
Pennsylvania-Central
12
151
61%
47
80
71%
3%s
1960
A-O
1952
Co—
Gtd 4s series E trust ctfs
33
71%
89
Pennsylvania Glass
1960
50%
71%
89%
Pennsylvania Power St Light Co—
1st mtge 3s
1975
85
85
87%
19
72
88%
28
27%
29%
393
18%
87
87%
10
71%
89
84%
87%
56
65%
67
84%
66%
M-N
2000
J-D
58%
58 Va
M-N
80
1955
M-N
1986
Af-N
1978
A-O
71%
3a
89
Cons.sinking
fund
68
General
4%s
series
General
5s
General
1
99%
102%
59%
30
54%
60%
78%
80
10
68%
83%
Gen mtge
Conv
deb
72%
64%
75
Gen
88%
93%
102%
104 y4
102
—
'
102
*93
-
101
*102%
'■
......
..
..
1970
J-D
1961
91
98%
102
91
2
84%
1983
99
33
97%
102%
102
102
1953
J -J
INew Orleans Texas &
Mexico Ry—
A 1st 5s series B
1954
ACertificates of deposit
A 1st 5s series C
102% 103
12
117 Va
~2
100% 100%
*99
100
loi
98
—
10
A-O
99%
99%
124
97 %
J-J
87 y4
89%
3
78 Va
A-O
66%
67
12
59%
68
1990
Apr
20
20%
29
14%
25%
1974
1980
F-A
99%
20
99
99%
Jf-R
18
99%
89%
106
103
*104
F-A
J-J
J-J
1971
J-D
1967
M-N
1974
M-JV
103 y2
93
93%
Ac
ref 2%s
Ac
ref
2%s
1981
ref
2%s
1978
95
*108%
103%
99
.1937
27
108'A
98
100%
14
98%
102
987/a
4
97 %
100
98%
— —
987/a
8
97
25
99
12%
J-J
6
10%
12%
11
99%
*95%
—
101 Va
13%
11%
25
8Va
8
100%
102
94%
97
101 Va 101%
F-A
99 Va
29
99% 100
99%
J-D
110
104 %
98%
98%
98%
10%
s i 4s.
deposit
105
__
100'A 100%
F-A
.
118
115
115
104% 105%
99
J-D
Ac
*114
105
96Va
..
F-A
*102
__
107%
Cons gtd 4s series P
.1953
J-D
*101
Cons gtd 4s series G
.1957
M-M
101% 103
—
104
81
24
92
*92
B
100%
~6
103% 103%
93
series
102%
*104% 107%
94%
80%
91%
80
93%
84%
13
78%
26
—2013
A-O
72
72
A-O
78%
78%
81
78
74%
J-J
87
87
87%
19
79%
80%
82
17
76
66
22
62
69%
62
65%
60
68
H
series
1960
1963
1
*104
F-A
F-A
1964
106% 106%
Jf-N
110% 113
„
—
109
111
103
*111
..
106%
102
—
*113
——
110%
103
110 %
82%
65%
4s
gtd 4%s series I__
Cons gtd 4%s series J
Pgh Cine Chic Ac St Louis RR—
92%
85
gtd
Cons
90%
2013
*
—
90
90
95%
1997
J-J
1998
F-A
65%
F-A
96%
—
Chicago & St Louis—
5
—
1986
A-O
-1951
P-A
gold 3'/aS
62%
1
4
91
89
99% 101
Af-N
2043
J-J
*99
103
77
77
1973
Af-N
1973
Af-N
1940
A-O
ref mtge 4s ser A
.,2007
AGen mtge conv inc 4V2s ser
A.2022
J A Harlem River & Port Chester—
J-J
May
■
*86
1st 4s
83
M-S
AGeneral 4S
1955
N Y Power & Light 1st
mtge 23/4S—1975
J-D
N Y St Putnam 1st
A-O
2%s
if-8
-1977
Corp 1st 3V2s
1963
JN Y Susquehanna & Western RR—
j.j
81st refunding 5s_^
§A2d gold 4VaS
8 AGeneral gold 5s___^
1937
.
98
.
__
i
*90
Pitts Youngstown Ac Ashtabula Ry—
1st gen 5s series B
1962
1st gen 5a series C
—
1974
F-A
mm—
J-D
—
1st gen 4 %s series D
64
Potomac
<76%
Co
1st
1964
1st mortgage 3%s
1st mortgage 3s
.^.—1977
1983
Terminal
1st Ac ref mtge 3s
1956
4s
1.
,1st At kef mtge 5s
1st
Ac
ref
,
mtge 8s
1968
5%
543
.,60V2
5%'
....
66%
875
31
233
'
6
25
97%
67%
95%
*6
106% 106%
987/a
10
60%
105
47
13
32
F-A
*—
38
*24
26%
12%
Af-N
*76%
80
73%
J-J
1978
F-A
95%
117
99% 101%
*100% 100%
105% 106Va
105%
<•
"5
105
,v
106 V*
105 Va
108 >A
103
105V«
F-A
*99
J-J
*92
Jf-fl
*108%
J-J
1972
——2037
M-M
—^..—.2037
J-D
.1964
— mm
J-J
100
*142 Va
—-
215
—
i-
—
104
~
J-J
ATE
96
104
30
.
'•
y'v
68%
97
P-A
104
110
—
__
90
142
—
215
90
1
145
210
213
51 Ya
97
97
46%
90
98% 101%
7%
13%
3
7%
__
107M|
93%
103%
52%
105
Gas
:
Ac
Elec
Gen mtge 4%s series
Gen mtge
40
29
,78%
98%
.
Gen mtge
Gen
3%s
3Y2s
mtge 3Y4s
JARut-Canadian
JIARutland
RR
*99%
99%
—
90%
34
98% 100Va
90
90%
M-M
*102% 103 y4
M-M
—
83%
101
93%
102%
Corp—
D
series H
series 1.
series J.
4s stamped.
4%8 stamped
-
,
Reading Co 1st At ref 3%s ser D__ 1995
Revere Copper Ac Brass 3'As
1960
Rochester
J- J
89%
79 >/b
75'/a
51 Va
ia11
*96
..
mm —
90
81%
—
83%
75 Va
73
47;
10
103%
85
65%
73
.
100 »A
79%
*90
J-J
J-J
Public Service Elec Ac Gas 3y«s
106
48
*101%
102% 103%
J-D
mtge 3y4S—1966
5%s inc deb
Elec Pwr
J A Providence
101
1977
88%
1031/4
2
21
102% 103%
103
84%
101
*90
—
; 100
1982
—.mm
A-O
100
t
1943
29.
A-O
70V8 ,:77
1940
E
1959
—.—I960
'
1937
8ATerrainal 1st gold 5s__
N Y Telephone 2%s ser D_
1st mtge 4 %s series B
1st mtge 4%S series C
90%
97
5
83%
J- J
Y Steam
•*—
82%
Af-N
1993
J-D
91
——
——
9
5
103
1958
'
—
88%
103
1st mtge 4%s series A
97%
v
"l
110
101
J-J
Quaker Oats 2%s deb.
1954
JAN Y Ont & West ref 4s__—June 1992
gtd 4s
J
87%
RR^
6s
1st •&
Pittsburgh Consolidation Coal—
3%s debentures....^.
Pittsburgh Steel 1st mtge 4y4s
Pittsburgh Ac West Virginia Ry—
—
101
84
96%
11
*97% 101
J-J
11—2043
A
*102
88
A-O
M-N
A-O
82%
"5
90%
110
A-O
..1975
1st mtge 3%s_1964
1958
81%
93
89
1975
*109%
J-D
19R6
'
ft
2000
'
2
Pittsb Coke Ac Chem
«^.1970
88%
57 y4
96
65%
Gen mtge 5s series A..
Gen mtge 5s series B.
Gen mtge 3%s series E...
APittston
A-O
1975
76
95%
J-D
ser B
65%
70 y4
66%
129
96%
63
90
65%
62%
fA
1980
___
97%
84%
--
67%
73%
*63
F-A
page
100% 102%
Phillips Petroleum 2%s debs—
1964
Pittsburg Bessemer Ac L Erie 2yas..l990
Pgh Cine Chic Ac St Louis Ry—
Cons gtd 3%s series E
1949
102%
100%
66%
gold 3%s
3'/as registered
For footnotes see
100% 102%
100%
1960
ext
4s
ACertificates?? of
66
Mich Cent coll
Ref mtge 3Vas ser
100%
101%
J-J
1961
102
F-A
registered
Lake Shore coll
gold 3%s
3VaS registered
& Gas
103%
A-O
1985
P
tIAPhlllpplne Ry 1st
118%
100
95%
3%s
cons
103%
94
1981
1st
A-O
& Hudson River RR—
General mtge 3%s
1997
.§ACoJlateral trust
111%
94
115
41
1977
105 Va
115%
29
—
N Y Central
N Y State Elec
102%
8
100 % 101 Va
—
*N Y New Haven & Hartford
107%
104%
1st
1998
series
99%
23
1974
102%
F-A
New York Central RR
Co—
Cons 4s series A
-
85
110% 111
5s
101
100%
I954
4s
18
105 Va 106 y2
110 y2
115%
1984
D
3%s
Eastern 4s
117
112
115 Va
105%
J-D
1st
1956
D„
B
100 Va
F-A
1952
series
4%s series E
1st Ac ref 2%s
1st Ac ref 2%s
100 Va
~1
ft
ACertificates of deposit
Y Lack & West
4%s series B
98% 101%
97 Va
*99 y4100
J-D
gold 4y2s series C
99
F-A
5Vas series A
Mtge 4s series
13
1968
General
1—1956
II
1st gold 4s
&
Cons
A-O
103 y4103%
—
99% 100
1965
A
Philadelphia Co coll tr 4%s
Philadelphia Electric Co—
105
97
ACertificates of deposit
Harlem
49
106%
1960
4%s
B
Apr
Peoria Ac Pekin Union Ry 5%s
Pere Marquette Ry 3%s ser D
102 Va
102%
98'A
117
100 y4
J-J
Mtge 4s series A
4%s
Alncome
100%
100% 100%
J -J
1952
X Connecting RR 2%s
series
mtge 3yas series
Peoria
91%
98%
*100'/a 102
Af-S
mtge 3V4s ser E
mtge 3s ser F—
35%
102%
Phila Bait Ac Wash RR Co-
Af-N
A-O
*103%
99%
A-O
General
J-D
A
1965
104
72%
—
3%s
debentures
61%
F-A
impt 4VaS series
Ref & impt 5s series C
f
s
Sand
101%
7
*102% 103
F-A
debs~1970
1974
&
29
47
Pennsylvania RR—
Northeastern RR—
series
101% 102%
30%
1958
ACertificates of deposit
__
*102% 103 Va
A-O
F-A
A
45
J-D
30%
1986
5s
45
M-M
164
1st 4s
Orleans &
104 y4
Pennsylvania
523
Light 3s
Orleans Great Nor
N
*
*101%
87%
MS
Ref & Imp 4J/as series
A
New Orleans Term 1st
gtd 4s
.
J-J
88
11—1982
New
94%
96 Va
MS
48
J-D
•
debs
inc
conv
94%
95%
Airlines—
84'/a
IIIl952
New
96%
71%
New England Tel & Tel 5s
A
1st gtd 4V2s series B
debentures
98
99%
91%
83
J-D
N J Junction RR
gtd
New Jersey Power &
6
97
96
St Louis—
cons
"5
82
45'/a
1986
Gas
94 y*
97%
99
98%
Af-N
N
99
106 Va
1948
Y &
*-_
J-D
104%
5s_
N
J-D
85
F-A
B
ser
Consol
N Y Dock
103
1981
1980
1st Ac ref 2%s series Q
Pacific Tel Ac Tel 2%s debs
103%
94%
1954
N
103
99%
102%
ANaugatuck RR 1st gold 4s
York
99%
1
102
100%
8
1st
15
102
J-D
5
15
Ref
100% 101
J-D
9
102%
New
100%
1979
1977
104
104 Va
100
22
*98
.
24
103 Va 104 '/2
103Va 103 %
Ref
101%
101% 101%
MS
J-D
4%s
J-D
L_.
100 Va
100
17
101%
1978
A-O
1st
1974
ref 3s series
2
106
3 Vis debentures
1967
A 1st
*95
68%
1965
A
101% 102%
J-D
46
6
38
National Steel Corp 1st
mtge 3s
National Supply 2%s debs
3s
J-D
J-D
1st Ac ref 2%s series P
N
Chattanooga &
108%
1966
84 Va
1955
National Dairy
Products 2%s
3s debentures
106
98%
97%
1970
85
1966
A
105
93 Va
1971
45%
1991
gtd 3%s
103%
71
A-O
debs
38
97
80
1981
3s
93%
68
-1980
Constr M 4VaS series B
Mountain States Tel & Tel 2%s
3yas debentures
Newark
106
*96%
16%
102
"5
96%
Electric Co—
Af-S
Af-N
1st mtge 3s
Gas Ac
Af-S
M-N
Nashville
106
*100% 102
96%
10
98%
103% 103%
F-A
1949
Constr M
103%
1977
1-1978
&
A-O
1975
A 1st & ref 5s
series G
Morris
F-A
1965
1st & ref 5s series P
&
25
16%
M-S
A-O
102% 102%
70
(John)
15%
J-J
J-D
74
B
99
96%
A-O
70
series
99
95 Va
95%
97%
A-O
77
1st gtd gold 4s
97%
98%
97'A
*95 % 101%
1987
A-O
& Malone
*__
1986
J-J
Morreli
F-A
A-O
1985
Il978
Monongahela Ry 3 Vis
104 Va
100
debentures
67
,»T.7st & ref 5s series I
Moh k
100%
99 y2
debentures.
81%
H
92%
3%s
81%
AConv gold 5J/2s ser A
A 1st & ref
gold 5s series
92
12
27/as
J-J
5s series A
16
50
98
104%
79
J-J
AGeneral 4s
104
93%
89
51%
1962
Jan 1967
104%
57%
87
51
1962
A
66
101%
RR—
A
97%
S8
S4%
50%
87
51%
40-year 4s series
series
98%
J-J
07%
87
J-J
J- J
Prior* lien 5s series A
A 1st & ref
51
98%
—
78
4>/as series D
J-J
68
65%
21
90%
98%
1960
A
ser
1st Ac ref 3s series M
1st Ac ref 3s series N
•mmm
~5
58%
77
5s
96
96
*100% 100%
tMissouri Pacific RR Co—
.89
1st Ac
106%
—
77
adjust
103%
100%
J-D
B
89%
1st Ac ref 3s series K
87 Va
105
1990
Missouri-Kansas-Texas
80
1
58%
J -J
101
60 V2
65%
1st Ac ref 3%s series I
1st AC ref 3s series J
102%
Marie—
AGen mtge 4s inc ser A
Mo Kansas & Texas 1st 4s
,ACum
100%
99
87
58%
*62%
61%
100%
"l
*102
A-O
Prior lien
98%
—
87
it
65%
71
66%
107%
96%
103
98%
100%
——
65 %•
99% 101
—
102% 102%
Af-S
108
99
101
98
..
*100%
105%
*100
53
105%
70
94%
98
*99% 100%
87
129
108
128
1074
,,
Oregon-Washington RR 3s
—
104
104%
1975
?s
Oklahoma Gas & Electric 2%s
100%
127
109% 116
1975
mtge
98
A-O
Sault Ste
1st
mtge 2%s—
91%
«...
Af-S
1969
1940
1st
Edison
1st
84%
--
Af-S
1967
&
74%
72
J-J
5s
Paul
67
94%
Af-N
1979
C
1969
t§AMidland of N J
St
5
Ohio
101%
2
its
Minnesota Mining & Mfg 2%s
Minn
99
8
*97
80%
49
18
111
85 Va
*100
A-O
1951
mtge 27/as
mtge 3%s
1st
A-O
97%
Af-N
1952
impt 4Vas series
Michigan Cons Gas
1st
M-S
Pacific
Sag 3%s
1st gold 3VaS
Ref &
1975
85
——
*107
Q-A
74
Michigan Central—
Jack
—2047
..2047
—.—2047
2047
71
J-D
28
79
127% 1277/a
*115
Q-F
97%
J -J
109%
96%
109%
100%
Af-N
May Dept Stores 2%s debs
1972
Mead Corp 1st mtge 3s
1966
Metropolitan Edison 1st mtge 2%s_1974
Metrop Wat Sew & Drain 5Vas
1950
-.1997
...Jan 12047
_
85
M-N
78%
79
127%
MS
Q-J
Q-J
71
J-D
11957
A-O
MS
tOgdensburg St Lake Champlaln Ry—
A 1st guaranteed 4s
1948
*100
High
106%
89%
M
Macy (R H) & Co 2%s debs
Maine Central RR 4%s ser A
1st mtge & con 4s ser B
Manati Sugar 4s sink fund—Feb
Low
2
Northern States Power Co—
101%
84
2
*110 % 111 y2
Range Since
January 1
No.
102%
105 ]/a
97
*—
Af-N
1972
97
Af-S
1955
97
a
Ref & impt 5s series C
Ref & impt 5s series D
Coll trust 4%s
if 102
109
RR—
1st & ref M 3%s series P.
1st & ref M 27/as series G
Sold
High
107% 107%
A-O
1974
iQ?*
4s
registered : ■'
Ref & impt 4'/a s series A
10181
100 Va
.
lien
3s
101%
2
MS
(Minn) 1st mtge 2%s—————.1974
1st mtge 2%s
_._1975
(Wise) 1st mtge 2%s
1977
34
Af-S
,.2003
»...
18
Bonds
Friday's
Northern Pacific Railway-
78
Prior
1
2014
gold 48.1996
& ref 5s
Gen & ref 4'/as series
46'A
1968
1997
Central gen
121 Va
——
25.%
or
Bid & Asked
Co—
Ry
109%
25
1949
.1949
1951
gold 4s
Nashville
38 %
42%
.
67
108 Va
25%
3%s
Power
Southern
121
*107
251/4
Falls
Norfolk
36%
2
*121
M-N
Week's Kaage
Last
Bale Price
Low
39%
29%
13
78
A-O
'
Period
High
30
5
77
A-O
A-O
Interest
New York Stock Exchange
26%
38
39%
40
Af-S
______i:..;.
&
275
39%
J-D
Qas & Elec 3%s
ref
36%
1949
debentures
Louisville
Low
1952
series A
7s
(P) Co deb 5s._
Louisville
NO.
High
*35 %.
M-N
16
BONDS
Range Sine#
January 1
Sold
—1963
ref
4s stamped
36%
M-N
Long Island unified 4s
Lorillard
M-N
-2003
..——2003
5s stamped modified
2003
Lehigh Valley Terminal Ry ext 5S-1951
Lexington & Eastern Ry 1st 5s
1965
Liggett & Myers Tobacco 5s
..1951
Little Miami gen 4s series A
1962
Electric
RECORD
JULY
Niagara
2003
4s registered
4%s stamped modified
4%s registered
ALombard
ENDED
Friday
Bonds
Bid & Asked
Low
Lehigh Valley RR—
4s stamped modified
WEEK
FOR
Week's
Last
Bale Price1
BOND
YORK
NEW
1977
1967
.1967
MS
.1969
125
US
M-S
MS
*108
—
.
J-J
1941
J-J
S11;
--
107 %
108
107 Va
105% 105 Va
'
.1949
_..-r
"""*
~i
10 Va
10'/a
1
11
11%
27
107%
104
100
7%;~ 11
7%
12%
I!
;
|' T'" <i<"11 lyf
iFHflUVfH*OlH>ll|
h
•''■■
THE
Number 4717
Volume 168
■:L
'
•
-
■-
COMMERCIAL
'■'"
'
NEW
'
'
N
& FINANCIAL
■:■■■'■
'
YORK
■'
'
BOND
e
Period
Exchange
Stock
or
Price
Low
High
Low
2d
Bt L
J-J
A-O
J-JT
1997
4'%s ser A—Jan 2022
*100% 101%
1I-JT
1996
1996
1955
J-J
May
gold 68
i
Rocky Mt & P 5s stamped
78
*80
4
70
Pacific
753/a
81
99 Va
99%
--
100%
1st mtge
4s series A
A2nd mtge inc
SalePrioe
86%
88%
188
80
61
65
289
51%
109
92
93
Range Since \
January 1,
Bonds
Sold
No.
Low
High
3
High
101
101
96%
102%
101
90 'A
90
90%
17
87%
98
98
11
Af-N
96^
91
99
95
1967
A-O
*95
96 '/a
95 Va
97%
1959
Af-S
*93
96
90
97
•
;
94
98
1976
debs
2%s debentures
Af-S
A-O
94%
94%
4
:®rV,
r*
;
Yv
'
..
:';v
vA;'A
65'A
109
29
89%
61
Friday's
or
Bid & Asked
1966
Universal Pictures 3%s debs—
86%
■
.
1991
mtge 2%s series C
Rubber 2%s
U S
F-A
1976
United Biscuit 2%s debs
Bt Louis-San Francisco Ry Co—
i,
RR—
debentures.
Ref
79 Va
85
*100
--
96%
4
78
«
Week's Range
Last
Period
Exchange
Stock
Low
27/8s
1971
York
High
Union
Baguenay Power 3s series A
Bt Lawr & Adir 1st gold 5s
Interest
BONDS
New
January 1
No.
1;
'
Range Since
Sold
'••
(273)
Friday
Bonds
Friday's
Bid & Asked
''
"
'
.
Week's Range
Last
Interest
BONDS
York
New
■
RECORD
RANGE FOR WEEK ENDED JULY 16
Friday
W- iv
CHRONICLE
''■'■•
'
'
Bt Louis-Southwestern Ry—
M-JT
J-J
109
Nov 1989
gold 5s series A
1990
Bt Paul & Duluth 1st cons gold 4s_1968
St Paul Union Dept 3y8s B
1971
Scioto V & N E 1st gtd 4s
1989
J-J
J-D
A-0
U-N
101%
1989
certificates
4s bond
1st
2d 4s lnc bond ctfs
& ref
Qen
Seaboard Air Line RR Co—
1st mtge
6
II
*127
80%
93
89%
103
*102% 103%
—
98%
6
44
101% 1023/s
109
Vandalla RR cons g 4s series A
101
102%
127
—
127
3 Vis
1996
Jan 2016
196Q
41/as series A
(Jos E) & Sons 2%s
Shell Union Oil 2%s debs
Beagram
1971
coll tr 78—1941
Skelly Oil 2'As debs
1965
Socony-Vacuum OH 2%s
1976
South & Nor Ala RR gtd 5s
1963
J§ASilesian-Amer Corp
101% 102%
32
98%
102%
Va
Iron Coal & Coke
71%
71%
72%
119
61%
72%
Va
& Southwest
96%
96%
5
92%
97
95'/a
95%
35
'92%
96 3/4
28%
A-O
95%
*35
<■
42
100% 100%
94%
94%
—
5
—
94%
1979
debentures
913/4
100% 100%
J-J
94 Va
6
94 Va
98%
Wabash
Southern Indiana Ry 2%8
1994
J-J
1977
Af-S
103%
103
46
92%
Jf-N
97%
97
973/4
177
87 3/4
98
Af-N
95
94%
95%
107
80%
—
5
80%
i
-
San Fr Term 1st
1981
mtg 3%» ser A.197B
104
1986
1996
1961
1994
1956
1956
1956
1996
mtge 27/8s series E
1st mtge 2%s series P
1st mtge 2 Vis series O
Southern Ry 1st cons gold 5s.
Devel & gen 4s series A
Devel & gen 6s series A_
Devel & gen 6Vis series A
Memphis Div 1st gold 5s
Bt Louis Div 1st gold 4s
Southwestern
3Vis
Tel
Bell
1951
23/4S debs—1985
1983
debentures
ASpokane Internat 1st gold 4Vis—2013
Standard Oil of Calif 2%s debs
1966
102
*_.
—
78%
843/4
843/4
87%
J-J
J-J
J-J
J-J
A-O
A-O
A-O
J-J
J-J
1973
80
2019
1985
1965
Texas Corp 3s deb
81'%
81%
81'%
5
74
78 3A
2
75Va
98
5
90%
100 V
U-N
98'%
98'%
98'%
2
94%
99'%
Jf-N
96
96
96
3
85
973/4
106
106
106
1
103
107'%
conv
debentures 3Vis_l976
Baking Co—
5%s debs (subordinated)
1970
Warren RR 1st ref gtd gold 3yaS_2000
A-O
F-A
Gen mtge
94%
112
52
110
112
112%
6
F-A
105
107% 107%
3
108
109
107% 107'%
7
3053/4
107'%
108'% 108'A
2
106%
109/
-1966
J-j
108'A
67
69
35
59
65'/a
65
65%
43
57%
101
101%
64:
102% 102'%
3
103%
2
102 Va
1
93%
973/4
104%
105%
54%
102
102'/a
16
94
94%
27
92%
97%
4
96%
100 %
100%
*100% 100%
—
—
100% 101
100'%
100% 101%
89
93%
158
1003/4 100%
1971
M-s
97'%
1949
Jf-N
1992
J-D
1970
1967
1958
M-S
99%
j-j
99%
A-O
1960
j-j
1949
j-j
j-j
30-year 5s
Westinghouse El & Mfg 2y8s
102%
2%s
96%
97
97%
97%
100%
u-a
Af-S
67'/a
*
101
__
97
1013A
99%
1033/4
95
1013A
88 >/4
102
Telegraph Co—
& real estate 4%s
Funding
25-year gold 5s
98%
*98
J-J
U-N
Western Union
57%
46%
100%
94%
1950
1951
1960
1951
Gen & ref M 2%s series A
104 Va
96
543/a
May
Wheeling & Lake Erie RR 4s
109
103
6
Jan 2014
deposit
3 ASu & Du div & term 1st 4s—1936
115
96
*102'% 104
A-O
Maryland 1st mtge 4s
Western Pacific 4%s inc A
103
„
693A
68 Va
M-S
2361
2361
1952
Western
*109
„
55'A
101 •
99'A
—
J-D
Registered
110
113
47%
6
54'%
54
*993% 101%
—
J-D
West Shore 1st 4s guaranteed
98
108%
15
85
-1950
gtd.
3yas
Power 3%s series
West Penn
120
91%
83'/a
—1967
Westchester Ltg 5s stpd
84%
debentures
1st 4s
93 %
933%
j-j
j-j
97
—
100
*115'% 118
J-J
100
A-O
100
A Certificates of
101
103%
16
§ Alst general 4s
116%
97%
3
104% 104%
104%
U-N
114%
106
*
—
102 Vi
57
80%
94%
11
99%
1013A
12
97'
v
99% 100
100'A
101%
--
103%
111'A
20
—
100'%
94
69
*112'A
103%
93%
24
102% 102%
99%
102%
—
—
99% 100%
1970
A-O
99
99
99'A
2
92%
1990
A-O
95
95
95
3
89
2000
1985
J-D
*126
137
of New Orleans 3%s__1974
J-D
M 3 Vis series B
Texas & Pacific 1st gold 5s
Gen & ref M 37/8s series E
112'A
1960
Jan 1960
Tol & Ohio Cent ref & impt 3*As—.1960
Trenton Gas & Elec 1st gold 5s—1949
Tri-Continental Corp 2%s debs
1961
income 5s
41
38%
66
99
99
J-J
78'A
60
61
A-O
J-D
61%
1971
J-J
—
*98
Yonkers Elec Lt & Power 2%S
96%
104%
<
92%
95%
*93
94
-J
42%
64%
101'%
1976
J-J
100'%
101%
99'%
30
103
104'/a 104%
X
85
973/4
•
1
101'% 101'%
„
MS
-
104%
95
a
Deferred
included
973A
not
delivery sale
the
in
not
year's range,
in
included
the
year's
n
included in the year's range,
d Ex-interest,
e Odd-lot sale not
Under-the-rule sale not included in the year's range,
r Cash sale
y
range,
Ex-coupon.
§Negotiability impaired by maturity.
U
the
1971
Electric Co of Mo 3%s
Union
"
1975
mtge & coll trust 2%s
1st
1967
1970
J-D
99%
♦Friday's bid and asked prices;
103%
98%
99%
fCompanies reported as being in bankruptcy, receivership, or reorganized
Bankruptcy Act, or securities assumed by such companies.
100
101
102% 102%
J-J
debentures
'23,4s
109%
96
99
A-O
Union OH of Calif 3s deb
107
107% 107%
Jf-N
ABonds selling
no
sales being transacted during
under Section 77 of
current week.
flat.
101
NEW YORK CURB EXCHANGE
AND
WEEKLY
in
footnote
a
In the
RECORD
YEARLY
sales are disregarded in the week's range unless they are the only transactions of the week, and when selling outside the regular
in the week in which they occur.
No account is taken of such sales in computing the range for the year.
NOTICE—Cash
and
deferred delivery
weekly range are shown
beginning on Saturday,
It is compiled from daily reports of the Curb Exchange itself, and is intended to include every security
following extensive list we furnish a complete record of the transactions on the New York Curb Exchange for the week
July 10, and ending the current Friday, July 16.
whether stock or bond, in which any dealings have occurred during the current year.
RANGE
Friday
New
York
8 ale Price
Exchange
Curb
i
1
Acme
Alloys
1
Co common
10
1
Aluminum
%
Acme Wire
t
Adam Hat Stores Inc
Aero
i;
Mfg
common
*4
Air Associates lnc
is
Air Investors
ti/: Convertible
-
■
*
(N J)
2
common
preferred
i.lAlreon Mfg Corp common...
60c convertible
preferred
Air-Way Electric Appliance
r ?.
;
y'i Alabama
Great
Alaska
Alles
10
__50c
10
3
Airlines
pfd
100
Internat Investing Corp
Allied Products (Mich) common
$3.75
Aluminum
1
Co
of
Goods
America
4'/8
1,500
20
32'%
34
6
2%
2%.
13'%
7
—
13%
14'A
..
300
7
7'%
t
Beverage
Apr
American
Cities Power
33%
Sale Pries
Co
1
1
100
common
Co
Week's
Range
of Prices
Low
2
1"%
2
1%
Sales
for Week
Shares
Range Since January 1
2%
1%
High
LOW
High
VA Mar
800
2% May
1% July
3,900
2%
St Light-
7'%
5'/a Mar
Jan
Jan
90
76% July
—
Jun
Apr
""'%
1*6
22,500
%
Jun
1'%
1,800
%
Jun
73A
500
98'A
10
90
90'%
100
lS/4
8% May
101 % May
93'/a
3%
18%
'4%
2,700
18 %
200
17% Mar
1.500
14
2,300
50
15%
15%
66
66
67
95
96%
250
92%
Feb
24%
25
200
22
Mar
.
40'A July
100
111% 111%
2%
3%
250
109
Apr
113'% May
—
18,500
preferred
May1
—25
Mfg Co common
American Metal Products Co
1
2
American Meter Co—
*
American
Potash &
Chem class A
Jan
69
Jun
Class
.
.98
May
American
Republics—
25
Jan
American
Seal-Kap
Jan
Amer Superpower Corp
B
common
.
10%
50'/a
10%
50
50 '/a
53%
4,100
g;.. Feb:
36
' Mar
'13.1
56
t
Jun
J$6
7
3
37
7
300
series
preferred
com
:
1%
3% May
Jan
Feb
Jan
33
250
40
43'%
—
37
39%
38
39%
20
20
100
16
Apr
Feb
21%
--
450
29
Mar
32'%
30%
30%
30%
18%
18
18%
—
39'%
250
15'%
3,800
31
—
—
16
5%
16
5%
16%
700
6%
26,300
24
44
24
44
25
46
19
Feb
14%
Jun
Jan
May
.
Jan
18
Feb
Feb
3
Jan
32'/a
May
Jun
7
Jun
26'%
Jun
Mar
51
Jan
31
Feb
36
x30
Feb
36 '/a
200
17'%
300
38
♦
•
•
Feb
20
25
25
\6% preferred
American
American Maracaibo Co
22
Mar v
15%
Feb
Ainerican Light & Trac common
May
7
3% May
22% Apr
.
31
American Laundry Mach
Mar^
4%
Jan
87
6,200
common..—lOe
t$2 convertible preferred
1
'$2.50 convertible preferred
1
American Hard Rubber Go
25
Jan-
Feb
40 %
'A9A%
Jan
Feb
5%
79
19% May
39
1
—
Atnerican General Corp
Jun
3%
''
Apr
3%
Apr
38
16'% Mar
39
-4———
Afnerican Gas & Electric com
33/4 May
Feb
3
18%
7%
18%
1,200
—
10
Glass B—
Jun
93/8
6% Mar
100
7'A
.
143/4
xll% Mar
1,200
3%
98'A
•
For footnotes see page 33.
Car
Book
3% Mar
3%
•
Bantam
American
7%
Jan
l'A
"'%
•
common
American
American
1%
2,700
36
100
common
Exchange
Par
Mar
35
Jan
4% Mar
300
York Curb
New
5% Mar
3% Mar31%
Apr,
•
common
preferred
Friday
Last
High
3% May
Mar
2
2% Jan
•
16
American Fork & Hoe common—-—•
2%
5
Mfg
Industries
Aluminum Ltd
100
6.
1
;
common
cumulative
Aluminum
Range Since January 1
Low
2 3%
1
Allied
Aluminum
3%
Shares
High
5%
34
JULY
STOCKS—
1
Inc
& Fisher common
Alfcorfer Bros
~3%
50
Southern
M Alabama Power 4.20%
•A
1
*
5
1
Supply Mfg
Agnew Surpass Shoe Stores
Alnsworth
of Prices
2%
ACF-Brill Motors warrants
ENDED
for Week
Range
Low
Par
WEEK
Sales
Week's
Last
STOCKS—
FOR
"Si'? }
'VA':;
101%
71%
•
134
*99% 101
— —
MS
14
79
43
93
96
1013A
99
*100% 102
79
J-J
73
127'/a "
94%
29
1970
*92'/a
J-D
Wisconsin Public Service 3%s_
98'A
121%
99 3A
Wisconsin Electric Power 2%s
100'A
75%
19'%
179
30
Texas Pacific-Missouri Pacific-
1st ref 4s
38 Va
Jf-N
71
68
64
70
68 Vi
ACertificates of deposit
RR—
1st & ref M 3%s series C
A Ad J
100 Va
^Wisconsin Central Ry—
Ref & imp M 4s series C
Ref & imp 27/8s series D
Term RR
96 Vi
98
Winston-Salem S B
Third Ave Ry
2
78%
Terminal RR Assn of St Louis—
1st & ref
98 Va
98
3'/4S series D
Wilson & Co 1st mortgage 3s
Orleans
98
Apr
1st mtge
& New
101%
98
Wheeling Steel 3'As series C
109
M-N
Texas
94%
Apr
inc series A
89%
.76%
11
~2
Ward
102
90
96%
112
J-J
2%s debentures
5
109
Af-N
F-A
1972
deb 2%s
(N J)
95%
95%
Apr
1971
1966
Standard Oil
6
82%
94
118% 118%
118%
A-O
Af-N
Bwift & Co 2%s debs
88
82%
*93
99%
Apr
Walworth Co
953/4
100
—
100,4
109
99%
Co—
Washington Terminal 2%s ser A—1970
J-D
Bunray Oil Corp 2%s debs
Jf-N
1st mtge 3Vis series B
Southern Pacific RR Co—
1st
1995
99%
104%
*107
Jan 1981
Gen
Co—
(Oregon Lines) A
Gold 4ViS
98%
A-O
2
100
100
J-J
1958
1971
Walker (Hiram) G & W 2%s debs_1960
104
1969
1st 4%s
112 %
mtge inc 4'As series B__Jan 1991
99%
F-A
J-J
RR
Gen mtge 4s
96%
95%
1987
Gold 4%S
103
107%
263
W
91%
10
debentures
——
2003
;
Virginian Ry 3s series B
102%
debentures
Southern Pacific
102'/4
—
111% 112'/a
Af-S
1st gold 58—1949
1st gtd 5s
5s
cons
124
2%s
1985
99%
94%
12
99
*102%
111%
96
123%
—
234s
_»
98%
98%
A-O
1013/4
97%
17
1st
Southern Bell Tel & Tel Co—
3s
Af-S
Af-S
56%
101%
A-0
105
105%
*105
Af-N
1975
1978
1963
debentures
conv
—'—
J-J
J-J
J-D
F-A
J-J
J-D
...1957
105
105%
F-A
1955
Cons 8 f 4s series B
Virginia Electric & Power Co—
1st & ref mtge 2%s series E
1st & ref mtge 3s series F
.
4s series A
AGen mtge
92
31%
31%
32%
1,000
10
2
110c
—*
22'A
22%
4%
1%
60
24
5'A
l3/a
62
32,900
—
lVi
60
Feb
183/4 Mar
4,800
*
200
43/4
Jun
•
1,000
% Mar
42'A
Feb
-
.
Jan
Jan
27'/a May
5'% Jun
1% May ;
62
July
"
;
THE
(274)
30
COMMERCXALM ^
NEW
YORK
RANGE
Week's
Friday
STOCKS—
Last
*
EXCHANGE
ENDED
JULY
10
Shares
Week's
Friday
for Week
Range
Low
Par
CURB
WEEK
Sales
of Prices
Bale Pries
Exchange
Curb
New York
FOR
Monday, July 19, 1948
High
Low
York
New
Curb
Exchange
Sales
for Week
Range
of Prices
luast
Sale Price
STOCKS—
Range Since January l
Shares
Range Since January 1
Par
Lou;
•
-*
High
7
73/a
400
5'/a
Jan
7% May
7
7%
400
5%
Jan
7% May
1%
1,300
33,400
'/a
Feb
1%
31%
Feb
66%
High
High
Lew
'
American Thread
American
preferred
5%
4Va
Writing Paper common
"4%
4%
500
4%
Apr
65/a
5
6
6%
67/8
1,400
6%
Jan
5
Apr
9
Jan
Anchor Post Products
2
7%
7%
200
6%
Feb
8'/2
Jan
Angerman Co Inc common
1
7%
7%
200
5%
Feb
Chicago & Southern Air Lines
7% July
•
"
voting trust ctfs
Anglo-Iranian Oil Co Ltd—
Amer dep rets ord reg
Angostura-Wupperman
£1
1
1
100
Apex-Elec Manufacturing Co
Appalachian Elec Pwr 4%% pfd
Inc
Argus
1
10
1%
56%
1%
54%
63'A
City Auto Stamping
City & Suburban Homes
-5
10
13%
13%
14
Consolidated
Arkansas Natural
6%
&
Light $7 pfd
Equipment Corp
Ashland Oil & Refining Co
Electric
American
Coast
60
98%
Jan
108% May
700
4'/a
Feb
Club
Cockshutt Plow Co common
102 7/a
Line
Steel
Clarostat
Apr
Claude
7
7%
5,200
4%
Feb
7
7%
17,000
4%
Feb
1
10%
400
Feb
114
May
Colonial
13%
1,300
10 Va
Feb
14
Jun
Colonial
Sand
21%
8,200
12%
Feb
23
6%
Apr
10% May
112
19%
10 7/a
Jan
'
*
7/a
'/a
'/a
200
%
Feb
l'/a
Jan
10%
12
12%
1,475
6%
Feb
12 '/2
July
1
3%
3%
63
3%
2,100
64
150
2% Mar
52
4%
Apr
64'/2
Mar
Jun
5%
5%
6'A
10,700
3%
Feb
1
29%
29'/a
30%
2,100
24%
Feb
Inc
4%
Jan
6%
•
Feb
9%
Apr
5%
preferred-
5%
5%
200
8'/a
15%
8%
16%
800
25'/a
15%
26
200
100
25
Ayrshire Collieries Corp
3
com
—
Wilcqx Co
Locomo.tive—
preferred—
Rubbeir
Baldwin
•
Co
Ltd
16'/a Juiy
26
July
Consolidated Western Steel Corp—
Feb
27
Jun
common
1
__
American
Feb
61%
Jan
37
Jun
Varnish Co—
9%
9%
100
Mar
9
14
Jan
Jan
11
ft
Corp
1
Jan
Baumann
(L)
common
8
_
(A S)
Ties
Blauner's
6%
7%
1,200
14'A
75
—
6
—
15%
1
2%
147'A
|
—
/.
8'/a
7'/a
2%
6
200
15'/a
1,400
2%
800
147'A 149 '/a
8'/a
9%
460
200
3
17
17
17%
200
13%
8'A
12%
8%
14%
1,250
1
3%
3'/a
9%
8%
9%
—•
1st preferred
.-100
Scrymser Co
400
4
•
,
Blumenthal (S) & Co common
Bohack (H C) Co common
44
Feb
5'A
Jan
5%
Apr
7
May
14'/a Mar
17
Jan
1%
8 '/a Mar
Apr
126
27
28
50
Class A™
Feb
33 'A Mar
11
Jan
8 7/a
8 7/8
9'A
1,000
23
25
13 y2
13%
17%
17%
50
21%
21%
400
1,200*
113
24%
Feb
•
__
Tobacco—
dep rets ord bearer
dep rets ord reg
fi
Feb
23<
9%
Jan
14'/a
Apr
12
British. Celanese Ltd—
10s
British Columbia Power class
A-™—.
Class B
l7/a
•
22%
•
Distillers_I_IIIIIIZIIIl
Brown Rubber Co common
Bruce (E L) Co new common
i
2y4
25
15% Mar
.
21 %
Jan
Bruck Mills Ltd
•
Buckeye Pipe Line
26'/a
July
Derby Oil Co common
_____
Detroit Gasket ft Manufacturing
Detroit
1
9% May
12%
Feb
l7/a July
2%
Jan
Diana Stores
23'A
Apr
2 y4
100
1,700
11%
800
30
200
900
Jan
1%
Apr
2%. Jun
16'A
Jan
Amer
27% May
Dobeckmun Co common—
12
May
32
Jun
Domestic Credit Corp class A
Dominion Bridge Co Ltd
1
•
31
Juiy
7
17% Mar
class B
25
ft Chem Co Ltd
ft Coal
11%
500
10% Mar
12% May
Dominion Tar
23'/a
5,000
16
Mar
24%
Jun
Dominion Textile Co Ltd common
17
16%
13
Mar
17%
Jun
17'A
350
IIII_
U
U
%
13,000
1 'A May
2%
2%
2%
500
2 'A Mar
3%
Jan
Duke
25o
10 '/a
10 '/a
10 7/a
100
10% July
12%
Apr
Dunlop Rubber Co Ltd—
Amer dep rets ord reg
Durham Hosiery class B common
%
Feb
•
Corp
Draper
California Electric
Callite
i
—
—
77/a
77/a
8
3%
3'A
3%
20
—
—
I
preference
Canadian
Cann£rs
Convertible
Ltd
common
preferred
Class A
voting
Class B
•
™20
——•
•
Canadian Industrial Alcohol—
r
__
—
—
—
—
—
—
—
Feb
—
11%'
11
11
2%
2%
50
9%
—
8'/a
"2%
xl4% Mar
9
Feb
8
Feb
1393/4
Jun
9,600
52
150
20
Apr
1,900
__
50%
l'A
35
33/a
Feb
4%
Feb
24'A
Carter
(J W)
Co
Casco Products
(AM)
new
common.
150
145
$7
Catalin Corp of America:
35
Apr
Jan
♦37/a
Apr
53
7/8 May
,(J
500
9 %
Jun
11%
5'A
1,300
3'/a
Jan
-
14%
14%
500
13%
Jan
7%
54
7%
54
8%
8,200
Feb
6
May
15% May
9% Jun
55
Mar
56% May
425
4%
46
Feb
4%
Jan
4,200
3,600
37%. Feb
53 'A
Jun
500
6'A Feb
4%
46%
46%
l'A
l'/a
9%
7%
1 /e
9 A
8^
—
7
15%
7 ,a
15 %
—
.
' 3'A
3%
-
—
7%
.7
33
18%
101
„
50.
50
9
Jun
13% Mar
16
May.
37/a May
Mar
3,
1% Mar
26
3
--
100% Mar
550
13% Mar-
25
500
34
Jan
6% Jan
1,200
3'A July
15%
36
4 Va Marq
--
15%
15%
Jun
20% May
104'A Jan
16% Mar
50
Apr
35
Apr
3.800
11 Vs May
7% Mar
-
3.50%
8
j
Jan
16%
Jan
s
:
3%
,
36
^
97/a
97/8
10"
•
3'A
3%
32%
32%
-8
<
:: 100
-10%
10%
600
27
29%
1,400
9%
Jan
Apr
140
Apr,
Feb
31
Jun
9
Mar
11%
~3%
3%
Jan
2% May
3% July
11,700
26
26%
600
18'A
Feb
28%
Jun
13
13%
•200
12%
Jan
14
Jun
7'/a
3,400
5%
Feb
12%
'
26
3%
Apr
7%
7%
~8%
"8'A
~83A
900
3%
10,300
7%
15
12 %
8 'A July
2%
Jun
May
J ati
3%
Apr
Jun
3'/e
3%
26'A
14%
26'A
27
14%
15%
2,300
11 Va
Feb
16% May
10'/a
10'/a
500
~9'/a
Feb
31% May
76
77
575
65
Mar
79 »A May
39
39
50
36
Jan
40
Jun
74% Mar
83
May
Jan
8
Jan
ll'A July
14
225
21% Mar
Jun
29
76
——
8.
13
4%
25
13
4%
800
4%
3%
Feb
12%
Feb
Jan
5'A May
16
16
100
5%
85'A
6
4,400
87%
125
76
74%
76
925
65'A
Apr
83'
56
54
Apr
58
16 Va
Jun
o
74%
3%
Feb
88
53%
Feb
81'/a May
May
125
11'/a
1,400
57%
57%
58%
750
12%
12%
13.•
700
15%
40,600
9
'y4 Feb
200
126
/Feb
146
Jan
Feb
7
July
Share
$7 2d pfd
ft
Inc
138
138
6%
Option warrants
Electrographlc Corp new common.
Electromaster
13%
14'/a
common—
Bond
-
12
12
3
—
Emsco
Derrick
3
Eureka
300
/..
*Z3 /
,t
•
600
13%
13%
Z2'A
1
46
—-
46
■
:
;
15/
1,600
2%
50,900
46%
450
7%
7%
900
1%
l'/a
7,800
2'A
.
1%
800
x8
13
.
-12*
16%
•:/ 2%,Mar
Jan
-.' l'A
3'/a
98
8%/Jgp
~l$ - Jun
Feb
6%
Jun
Feb
■
2% July
Mar/
41
Jun
l'l'ij May
July
£%: Feb
11
Feb
Jun
14% May
8%. Feb
3%
Apr
58'/a
10% July
50
Feb
92
7%.
46'A Jun
8% May
Feb
,1
Apr
28
Ltd
—
Line common—......
Corp
1,700
7
12,.
~7%
ft Equipment
Equity Corp common
$3 convertible preferred
145%
6%
Empire District Electric 5% pfd—
Empire Millwork Corp.
——
Eureka Pipe
Jan
57
75%
Jan
Jan
30% May
Jan
29
Jan
3%
38 % May
Mar
Jan
225
81
10%
Jun
6
May
4'A May
2'A Mar'
1,100
May
88 % July-
73
7%
2,200
7
Feb
Mar
10%
5%
31
79
3%
73
5'/a Mar
250
'50
37/a
79
series BAssociates—
Sugar
4% July
100
1,000
5%
8% Jan
6%
6%
82%
81%
84
18%
18'A
18%
—
■
90
600
74% Mar
84
Fairchlld Camera ft Instrument-
July
16'A
Feb
19% May
Fairchild
89
89
50
82%
Apr
90
Fansteel
10 Va
10
10%
35,100
8%
Feb
100
17
17
17%
75
13
Feb
10% May
21'/a Jun
__ioo
79
79
84%
860
54
Feb
86 Va
13
Mar
12
Feb
10
11%
11%
11%
100
10%
.1
41/4
4'/a
4%
1,800
3'A
Apr
Feb
7'A
Feb
Central Power & Light 4%
pfd—,
West Corp
100
{Central States Elec 6%
7%
preferred
Central & South
preferred
Chamberlin Co of America
Charis Corp common
Cherry-Burrell
common
Chesebrough Mfg common
Chicago Rivet Si Mach
For footnotes see page 33.
8
— _
'
100
—
Cessna Aircraft Co common.
Feb
3% July
-11% May
18
140
27
85 .'A
Electric Power & Light
Jun
5'/8
1
Products
pfd opt div ser
Conv pfd opt div ser 1929
Century Electric Co common
Jun
33%
5% Mar
10%
Feb
-
3% July
32% July
1,500
8% *
37%
;
shares of beneficial int—
Electric
ft% Jan
5%
100
preferred—
Conv
Jun
97/a May
Feb
5'/a
1,100.
33
33%
18% 19%
101 , 101
.
1%. Jun
10%
5% Mar
500
2,000
50
Feb
1
Central Maine Power Co—
Central Ohio Steel
Apr
$5 pfd shares of beneficial Int.
Jan
110%
36%
7'/a
m%.
.
17% May
9%
Easy Washing Machine class B.
Jan
108%
5'A
Feb
iu
Corp
$6 preferred
Apr
6
50
35
Jan
2%
Jun
% May
8%
9%
preferred series
Com
23A July
10
~
States
Eastern
July
Jan
8%
48
5,000
5%
5'A
,_1Q
2
55%
Sulphur
.Esquire Ine—_—
common
Jan
4%
preferred.
Eastern
Jun
•
& Co
Jan
Jun
47/8
14%
Eastern Malleable Iron..
12% May
12% May
/ Amer dep rets B ord
Castle
6%
Jun
57
4%
4'A
'200
Mar
9%
£1
•
1
•
prior preferred—
4%%
18
May
xl4% Mar
Mar
110% 110%
—
ie
Feb
30
2,000
1,000
•
ft Fuel Assn common—
East Gas
18'A May
3% May
■9%
—
22% May
16'A Apr
200
__
49%
Carolina Power & Light $5
pfd.
Carr-Consolidated Biscuit Co
Jan
1,000
«•—
common
-
Feb
—
—
ll'A
50
Carey Baxter Si Kennedy Inc..
Ltd—"
3%
123/4
—
__
Carman & Co.
Carreras
18
—
—
11
City Products
Carnation Co
50
—
_
Marconi
Jun
2'A Mar
8% May
4% May
'
.
Canadian Industries Ltd—
7 %
preferred
Capital
—
14%
150
Jan
8%
Feb
900
20
,
2%
15%
40
1% July
11%
Jun
5% July
47'A Jun
Feb
29%
800
Jun
11'/a
107
Feb
2% Mar
6,800
Jan
Apr
2%
6% Mar
"
non-voting
Canadian
—
—
11%
1,600
•
common
Feb
6'/a
—
IIIl
-1.11s
Tungsten Corp
3%
2% Mar
1
Camden Fire Insurance
Canada Bread Co Ltd
f/ 6 '/2 %
2,500
£i
Power..
Canada Cement Co Ltd
6'A
1,500
10
Co
Power
Duval Texas
5%
Jan
2,400
•
Driver Harris Co
12%c
5%
Feb
_•
Dominion Steel
11%
pfd
100'A
70
114% May
105% Jun
-
1
Feb
25'A May
Duro Test Corp common.
;/American dep rets 5%
Calamba Sugar Estate
120
Jun
8%
Feb
Jun
107% Mar
15%
36'A
2'A
15
1%
14'A
35
2'A
14%
-£1
dep rets ord reg.
22'/2
Cable Electric Products
common—80o
Cables ft Wireless—
6%
X62 %
280
Distillers Co Ltd—
20
Corp common
11%
I
500
3,400
47'A
2
47
__
•
—50o
Raynolds class B
22%
j
ft May
29% May
8'/a
—
10
•
Burma Corp Amer
dep rets
Burry Biscuit Corp
Butler (PH) common
ft Jan
25% Mar
1
Gray Iron Foundry
Detroit Steel Products
150
29%
225
Apr
5'/a May
72'A
4/
8
Jan
ll'A
26 7/8
'/a
29 %.
3.800
—
—1
—2.50
Bunker Hill & Sullivan
Burd Piston Ring Co
38%
Feb
2,050
Dejay Stores common
——.—50c
Dennison Mfg class A common.
—8
vr 8 %
debenture.
;
....100
13%
29
2.50
2.50
8
—
Feb
25'/8
25
ll'A
23
7
Feb
4%
7
11%
14'A
pay Mines Inc___
—-—-10c
Dayton Rubber Co class A—.——35
300
1%
Feb
29%
1,200
43,300
10%
—2.50
Davidson Brothers Inc.
Devoe &
dep rets ord reg
3%
270
5%
—-j—*
50
12
July
32,300
35%
D
14% Jun
18
July
22
11
£i
common..
(Mo)
Mfg Co
Pavenport Hosiery Mills.;
19% May
11% Mar
8'A
•
British-American Oil Co
July
Jun
13% Mar
9'/a May
7 Va Feb
May
200
Apr
102'A 104%
4%
5%
May
1,400
8
Jan
6
7%
77/8
64
647/a
111% 113%
102% 104
10%
-5
Curtis Lighting Inc common
Curtis
4% May
10% May
Feb
6%
500
ft
102'A
4%
Co common..
Tobacco
Cuban
9'A May
14% July
30
8%
17'/a
17%
7%
6'/2 Mar
50
8%
•
Jan
129
167/8
„•
Brlllo Mfg Co common
18
Apr
8% May
30
167/B
23
16% Mar
3%
3,000
29
102%
25c
Crystal Oil Refining common
*
$6 preferred
10
Cuban Atlantic Sugar common
5
5%. preferred
-——•—-—->100
Jun
8,600
...
Brewing
Crown Drug
Apr
34
Mar
100
-
1%
•
22
Apr
8'/a Mar
i
Bridgeport Gas Light Co
Bridgeport Oil Co_
Jan
900
•
Light Si Power
Corp common
Brown Forman
3%
149% July
10% Jan
2% Feb
•
American
Jan
125'A Mar
7%
57/8
—
Co
—
1
Crosley Motors Inc
—*
Crowley Milner ft Co—
.———1:
Crown Cent Petrol (Md)
—8
Crown Cork Internat'l "A" partic
•;
Croft
Jan
14 V* July
7'/a
receipts (ord reg) —£1
Creole Petroleum.
7% May
15% May
Feb
4%
64
112
50
American dep
17% July
10'A Mar
8,500
44
125
125
_25
i
Brazilian Traction
15
7%
July
7%
6%
6%
29
1
convertible preferred
5%
Courtaulds Ltd—
Jun
19
Fdry & Mach Co com_*
common-—
Inc
15%
•
I
Ridge Corp common
Amer
4 % Mar
31
.
common
Birdsboro Steel
Amer
450
14'A
100
!
Benson St Hedges- common
Convertible preferred
Amer
17%
6%
__1
Benrus Watch Co Inc
Bickford's Inc
17'A
— —
14'A
—1
common
common
Bell Tel of Canada
British
75,000
1
,
Shoe Corp
Bellanca Aircraft
Breeze
_7'/a
1
& Co common
Beau-Brummel
Bourjois
"5%
*
Cosden Petroleum common
Seelig-Mfg—
Basic Refractories Inc
Borne,
l'A
*
1
«._*
Reynolds common
preferred class A—
Corroon &
$1
Feb
400
51
Jan
6
35 '/a
1
-*
5c
Brewing Co common
Inc
Coro
24
100
6%
4%
Va
1
•
Copper Range Co
Cornucopia Gold Mines—:
Jun
34
10%
$1.20 convertible A
7 %
45
50
shares
Steel
Barlow
Blue
9%
1,200
;
3,600
6%
Jan
10%
7'A Mar
6%
6%
6%
*
1
Corp
Continental Car-Na-Var
Cooper
60
14^
•
14
14'A
6%
—
1
Feb
36
6%
50
51
44
45
•
100
100
—1
5
10
15'A
36
100
25
Consolidated Mining & Smelt
Consolidated Royalty Oil
58
8%
6
10 % Mar
de los Andes—
Banco
Barium
Beck
58
—30
_
Jun
8%
25
4% preferred series C_:
Consolidated Gas Utilities
May
B
7%
Jun
4
Inc—
195ft
to
Cook Paint &
Babcock Si
4%
Feb
6%
Continental Fdy St Machine Co
Baldwin
Feb
1%
——1
1
24%
___
—5
1%
27,000
Shoe Machinery—?
Vtc ext
Apr
6%
1
Machine
& Sons common
32
Jun
1,500
3'A
*
Consol G E L P Bait common
4% % series B preferred
7'A May
19
3%
•
Community Public ServiceCompo
50
Hotel
Feb
18%
2%
Co
Manufacturing Co..
Commodore
Apr
3%
1
Commonwealth & Southern warrants—
Jan
11
18'A
Colorado Fuel & Iron warrants
Jun
8%
Jun
Feb
9'/a
2%
4
20
Stone Co
&
1,400
3%
Development ordinary
Colon
9%
Jun
14'A May
ll'A Mar
1
Airlines
12%
19%
12'/a
9%
1
Products
Aluminum
800
1
Co
Co..
& Lambert Mfg
Clinchfield Coal Corp common
Colt's
•
Mfg
Neon Inc common
10%
--
£1
Co
Products
Controller
Clayton
8 '/2 May
Corp
Automatic Voting
(B F)
103
Clark
Jan
7
warrants
Plywood
102
Jun
4
7
Fisheries
Coast
Corp
6 %
12%
3
Industries—
Atlantic
Avery
May
Feb
15%
6'/2 May
8% May
dep rets reg__...
Atlantic
Automatic
8%
525
5%
Associated Tel & Tel class A
,Atlas
100
2,100
5'A
/Associated Laundries of America
Atlas
19'A
3'/a
12 Va
17
•
Aro
Associated
Apr
3%
11%
•
10
•
2.50
non-voting
preferred
Arkansas Power
16
11%
5'A
Gas common
Common class A
Mining
16
1
—
l
Cities Service common
Chief
—100
;
'
Jun
21
5% Apr
7%
7%
100
10
10%
10'/2
22'A
50
10% July
13
500
20% Mar
25%
Jan
54
Apr
70
Jan
15% Mar
18
Jan
x20%
10
4
X20%
64'A
16%
64%
75
18%
16%
225
$2 div cum
8%
Jan
./Jan
.
5c
to
—
Co—
47/a
12
13%
IIIlO
54%
54%
56%'
10c
3%
3'/a
.
■
■
,
Fort
of
France-*-
"4,100
2
Jan
.
Jan
Co
•
15%
Apr
58 'A
-
Jun
3% May
38% Apr
*
4
4%
900
4
July
18
Apr
5% May
,
•
•
<
•
22
400
16%
Jan
23
18%
21%
21%
f,;;
Jan
24%
May
Jun
'
1%
dep rets bearer.
Brewing
Jan
Jan
46
14% Mar
non-voting
Motor
3%
10% Feb
190
!
July
5% May
'
B voting
Pitt
3%
9%
34
tl
dep rets ord reg.
Ford Motor of Canada—
Amer
9,100
1
Amer
Ford
18,700
Stores
$1
Class A
5%
*
Ford Motor Co Ltd—
Class
15,700
29
12%
...
preferred
(M H)
Fishman
May
21'/a May
14% May
(Phila)^
26%
4%
28
1
Engine ft Airplane
Metallurgical.^
Association
First York Corp common
Jun
2.50
5
Fire
1
1
1%
9%
l'A
10
1,300
400
1
'Feb
77/a
Feb
2
'Jan
lO'/a July
THE COMMERCIAL & FINANCIAL
Number 4717
168
Volume
NEW
YORK
CURB
Week's
Last
Exchange
Curb
of Prices
Low
(Peter)
1.25
Brewing
Franklin Simon & Co Inc common
*
4%%
conv preferred
(Geo A)
Co
Fuller
12 %
13
Low
600
7% Mar
8'A
100
50
B
;
8Vt
10 Va
10'A
200
25
York
Curb
Par
Mar
32
Jun
12%
Jan
Kalser-Frazer Corp
1
Kansas Gas & Electric
Kawneer
Kldde
Garrett
Corp common-
2
5%
14 y8
preferred
9
Feb
15%
200
16
Jun
92'A
20
84
Feb
17% July
92% July
9%
9
2,000
1,600
6% Mar
10%
Alloys
General
Builders
•
Co
General Electric
2%;
*4%
200
5'A
2,300
3%
Feb
75
23%
Jan
t—£1
7%
1
>—10
7'A
7'/a
•
5%-. preferred series A
General Fireproofing common
General Outdoor Adv 6% pfd
38%
37%
7%
1,900
Public Service $6 preferred--*
Shareholdings Corp com
1
100
100
5
30
5
600
2%
105%
Feb
5%
6% May
•
preferred
93
290
113% 113%
25
95
1
Gilbert
•
common—
Preferred
33
4'/b
22
23
500
5%
Jan
%
600
Co
Alden
2.50
Gobel
(Adolf) Inc
327/8
22%
22%
24
14 Vr
14
1
5
>
common
15
1
class A
Godchaux Sugars
Class
29
•
Coal.
Glenmore Distilleries class B
Globe-Union Inc
317/b
•
$4.50 prior preferred
Goldfield Consolidated Mines
Goodman Mfg Co
15
2%
2%
27
27
•
1
Grand Rapids Varnish
Gray Mfg Co
&
Pacific
1
Feb
Jan
24
1,900
400
100
100
20
•
21%
12 Va May
22%
84
15%
50
54
50
50
50%
Feb
28%
Jan
91
Jan
Feb
9%
Mar
15'A
300
9%
10 %
1,900
11%
500
7
91
65
114
Feb
114
136% 139'A
25
$4.40
pfd
—100
118
39%
8%
Feb
18%
6% Mar
100
100
70
133
250
9
200
150
140
8
May
99% Mar
Loblaw
Hammermlll
Paper,
Hartford
Hartford
Rayon
S
(RG)
1
4
30
160
2,000
2'A
2'A
2%
800
6%
6%
100
9
9
9%
500
1
•
15%
16
1,300
Mar
< Apr
2% Mar
V/b
Feb
6%
Jan
Dept Stores
5
common,—
Mining Co
25c
5 Ya<f& preferred w w
t
4ffo preferred W W;
Henry Holt & Co common
Hoe (R) & Co class A
Hollinger Consolidated G M
'■
56%
4%
| Holly Stores Inc
Co
16%
Hormel
9%
10%
800
8
Mar
13%
4.600
10
Feb
14
(Geo A)
&
Co
12
Baking Co—
Horn & Hardart common
#
5% preferred;—.
Jun
Feb
11%
9%
Feb
^
—
_
-1
27V
20 %
Illinois
Zinc
pfd—
50
common
1—
Registered
;
;?f.
Rights w i
Imperial Tobacco of Canada.
Imperial .Tobacco of Great Britain
1
& Ireland
—:
•
:
■
I,
?'
International
\
Hydro-Electric—
28%
400
144
4% May
Mar
International
Safety Razor B
International Utilities
Investors Royalty.,
*
5
common
Apr
21%
21%
23 V4
14,600
16%
16%
100
8
200
10
75
79%
6,200
3 "4
100
42 %
42%
50
x65
148
Feb.
3
7%
75
500
50
27% July
2%
27%
2%
21
100
300
4
2%
16
88
Jun
44
Apr
4% July
20 %
Jun
4% May
Mar
4%
35% Jan
110% Jun
24%
41% Mar
4%-
Jan
14%
14%
14%
500
14 Va July
16'/a
16 Va
100
12
1
13,700
4% May
11.% Mar
17
14'%
1474
2,300
1%
59,100
12
800
5%
1%
1ft July
9%
Feb
May
16% May
11% Mar
280
88
92 Ya
500
54%' 55'A
700
12
Jan
Jun
Jun
13% Jan
96
July
Feb
Mar
107% May
15
12% M^y
51
Mar
May
12%
13 Va
13,400
12%
12%
300
12
13
Feb
10
10%
10%
11%
19%
19 V*
20'A
A
*
Co..
&
Co.
1
&
.
9%
Corp common
Steel
t
page 33.
May,
20 %■ July
6 %• May
Feb-
8?:^May
30
July
-
Jan
July«
30
Apr
July
900
2V»
July
1
*
*
common..
Mar
9% Mar
1%
2,000
1%
Feb
2% May
19%.
19%
100
16%
Jan
47/a
Jan
20% May
7% Apr,
4%-
4%r
7% Mar
1% Mar
700
9 Va
Va
600
30%
4,500
8
Oil
Co
Public
Feb
7%
7%
8,800
5%
Feb
9%
7%
10
10%
20,100
7%
Feb
10 % Mar
.
Jan
3% Mar
Service
Corp.
Monogram Pictures common
6% May
50
8Va
Jun
10% May
2% May
9%
Jan
10
Apr
30% July
8%
Apr
10% May
13% Jail
23% Mar
28
22
23
225
19 %
Feb
25%
300
3%
Jan
Feb
24
Feb
22 % July
22%
22%
23
*
22%
22%
22%
1
3%
3%
4%
8,800
2
Mar
8Va
8
8
1,000
7
Jan
34
34
50
8
5,100
27
10
23% Mar
800
6% Mar
34
V4
800
■
Va
18
100
13 %
30%
Jan
27
1
7
7
7«/4
1
4%
4%
5'/a
5
Mar
96
7%
8
27
Mar
5
5
Apr
Apr
May
Apr
Jun
»% May
35
May
8% May
104 i
Jan
27
Jan
7,700
8% Mar
Feb
5%
93
Jun
96 %
Jun
98
*
Jun
103'A
Jun
2%
Jun
Monongahela Power Co—
4.40 %
cum
4.80%
Monroe
cum
pfd;
pfd series B
Loan Society
Dakota
com class A
Utilities
Montgomery Ward & Co class A
Moody Investors partic pfd
Morris
Plan
Producers
States
States
Power
Tel
&
common
Tel
Murray
~2%
300
11%
2,100
2%
10%
Feb
Apr
3Va May
167
~4%
16%
4 V4
16%
167
4%
16%
31
32
114
115
31%
10
13% May
Jun
1,500
1,500
350
July
178%
34% Mar
—
*
10c
*
100
11V4
5
*
93
"2%
1
10
Corp of America
Mountain
100
100
93
—
40%
167
3%
Feb
12%
Feb
26%
Jan
Jun
4% May
17%
Apr
33% May
115
July
40
97% Mar
*
25%
25%
27'A
300
25% July
2.50
11%
11%
11%
400
11 % Mar
33% May
13% Jan
13 V4
13 »/4
100
11%
14% May
100
10
common
1%
% Mar
6%
600
6
6%
200
4%
8%
500
4%
200
-
Jan
N
Jun
Apr
Feb
9%
Jan
Feb
7%
Jun
9%
4%
Feb
4%
Feb'
20 V*
Apr
—
2% May
12%
ui
Jun
-j
Jun.,}
22
4
*
Jun-i*,
200
4Vt
*
Jun
Julyt<
25 V4
pfd—100
common
7%
25
4%
50
10%
111
25
l50c
common
convertible preferred.:
Missouri
Feb
6% Mar
19
10
Co
Midwest Piping & Supply common
Refineries.
Mid-West
Wohl
7%
Feb
50c
Abrasive
Corp
500
1,500
7%*
8%
8
29
5%
*
$2 non-cum dividend shares.
Nachman
1%
6
8%
8
5
Co
12'A
2%
-6 %
100
9
2
29%
Feb
Jan
2,900
7%
9
1
43
FebFeb
Feb
200
7%
t c__1
c
5%
3%
3>A
2
Midland Oil Corp $1 conv pfd;
Midland Steel Products—
Midwest
25 V4
Jan
Jan
1%.
7%
20
200
1
^ CO
~9
10
v
Middle West Corp—
Ex-distribution
Co
1
12% Mar
Jun'
17
48%
1
—
*
Muskogee
Jun
137/a
4,400
1
Apr
14
~5%
2.50
Tube.
Namm's
Inc
common
National
Bellas
National
Breweries
Hess
common
14 V*
200
13% Mar
~5%
5%
5%
600
4% Mar
1
4%
4%
4%
18,300
2% Mai-
830
33%
Feb
37% Jun
Tv/s
2,500
11%
Feb
12 V«
15
15
16
500
12%
Feb
I6V4 July
13%
13%
100
12%
Apr
16
14 Va
15 Va
1,700
14% July
8%
87/a
200
7% Mar
10% May
9%
97/a
600
9%
Apr
11%
Feb
Mar
22 Va
Jun
-4%
"4%
1,000
1
1
common
National Pressure Cooker common
Radiator
Rubber
Jan
33%
ll%
Mfg &
National
35%
33
11%
Mallinson Fabrics
National
Jan
6% May
4% July
33
♦
25
Gas
Stores
29 Va Mar
16%
*
common
preferred
Fuel
13%
1
10
National
see
13
Feb
108
15
24
9% Mar
9%
"i'A
25c
Middle States Petroleum class A
v
9%
~5%
1
Michigan Bumper Corp
Class B
2V4
2%
100
Co
National
For footnotes
Feb
4%
„'100
Scott Corp—
Participating preferred!
1%
*
5
•
preferred
Iron
National
•
1,500
13 % Mar
6%
5
5
10
Ohio Mfg Co
Muskegon Piston Ring common
9% Mar
12
200
Co.
8%
2,300
3% Apr
Feb
'
__1
Jan
11%
1
Kokenge
2%
-£1
58%
23% Jan
1
&
Feb
Apr
34
Warrants
6%%
Jan
3% May
Jan
25
147 a
•
Preference
Jun
37 Va
21
•
Jun
Mid-West
10 % Mar
Italian Superpower Corp com cl A
Julian
Jun
27
*
17%
Midvale
900
500
6
16%
1,700
42%
Feb
Feb
90 Va
—
July
17% May
Feb
4,400
Jan
12%
300
1
8
Feb
7%
10
2%
Jun
69% May
16% Jan
6'%
1
5%
7%
19 V4
7%
52% Feb
6%.
1
Jan
Jun
19
Mfg
Chapman
7%
1,200
1
,
18 Va
112
19
Johnson
Merritt
Jan
Jan
Feb
Feb
19 y8 May
19%
!
Feb
l
Mead
44%
140
300
*
^
Apr
5
Michigan Sugar Co common
6% preferred
Micromanic Hone Corp
22 Ya
Iron Fireman Mfg voting trust ctfs
Irving Air Chute
common
Feb
15
Feb
Michigan
31% Mar
105% Jan-
1%
Jim Brown Stores
15
110
——
55% Jan
23% Jun
9%
Apr
350
1
Jeannette Glass Co common,.:
Jefferson Lake Sulphur Co
Jan
Jan
60
100
Jim
88
1%
Mar
July
1
600
20%
98% 100%
13%
13'%
12
49
44
class B
30%
13%-
13
300
825
10
?
30
Co
Feb
10% May
12%
547'a
48%
*
May
90
•
53%
47%
1
.
24
33%
•
10
% Mar
11
&
Mountain
shs—•
7,000
53%
47%
common
Mountain
.
U
30
Montana
International Petroleuna coupon
Registered shares
%
10%
Metal Textile
,
International Products
7 Va Mai-
10%
Jan
11*6
54%
1,100
_
Dredging
Jan
11%
50
6,200
10
•
(A G)
9%
ft
Preferred $3.50 series
International Metal Industries A
24% May
24
9%
2
85%
11%
*
Feb
227/a
9%
44%
Menasco
May
14
10
International Cigar Machinery.;
18
22%
37 Va Mar
Jun
1,400
__5
pfd—100
Insurance Co of North America.
Jun
Jan
50
7% July
7%
£i
Indianapolis Pwr & Light 4%
26 Va
39%
48
7 %
—
1
Jun
24%
Feb
39%
200
14 %
—
•25 Va
Feb
20
%
Molybdenum
*
Apr
22
39%
51
50%-
14
£1
-
22%
*
Mesabi
73
Imperial Chemical Industries—,
Amer dep rets registered
Imperial Oil (Canada) coupon
May
42
Apr
11%
12
Jan
11
1% Mar
7%
54
•
100
Jun
30
Apr
7% Mar
22% Mar
Jun
_•
Co
24 Va
Ma r
25%
7,100
Jun
53%
■
24 Va
enmmnn
Co
Mining Corp of Canada
Minnesota Power & Light 5%
conv
2,100
2,800
4%%
5%
29%
9%
"l%
Miller
Illinois Power Co
18
27
8%
42
July
27%
«
-B
800
26 %
9%
"1%
6
7%
_
21% July
21'/a
39%
68
21%
4%"
15 Va Mai-
20
~%
95
41%
-1
1st conv preferred.
900
20
May
39%
20
3%
Huyler's common.—.
Jan
25
1
30
32%'
.
Jan
1%
Apr
15 Va Mar
19
*
1,200
144
75
ft
1,500
18
Corp common
preferred
7
3
42 %
10
Marine
19
_*
Jan
7
Apr
5,200
\}
l"tV
18
dep-ssi
convertible preferred
70
28%
21%
1*6
Feb
1
Shovel.
Mfg
97
6%
100
-5
100
6%
6
9
6%
—
10
common.
Power
McAleCr
70
_»
May
18%
Co-
International
95
•
May
5
Service* Co
Stores
McWllliams
11% May
98% Apr
•
Jun
28
•
Public
$2.50
Apr
Jan
9%
10 Y*
•
common
Horn & Hardart
25
Feb
*
5%
11% May
800
•
f
May
200
May
1
;
-
21
24
Jun
McClanahan Oil Co common
Jan
400
•
common.
0 Horder's Inc
25
23%
237/a
9'A
10% May
Feb
McCord
Jun
200
7%.
28
•
Chain
Massey Harris
2% May
9%
10%
5
Mar
7%
2
Marion
Jan
11
50%-
X25
*
Communication Co Ltd
Jiily>
10%
10
.—
700
23%
9%
23 Va
25
preferred
Corp
Marconi
8% May
45% July
10'A
6%
9
M
V
10%
95
9
Lynch
9% May
r
10
1
Jan
Apr
•
100
Jun
6V4
Jan
13 V*
—100
Feb
9%
1,000
Louisiana Power & Light $6 pfd—
Mar
2
t
Xl4%
1,300
7%
26%
Inc 6 %
common
preferred A ctfs of dep
6% preferred B ctfs of dep..
Louisiana Land & Exploration
Jun
•
common—
Heller Co common
Holophane
9%13%
17% May
11'/a Feb
100
9 Va
7%
7% May
6% Feb
13% Mar
17'A
15%
5
Co
Long Island Lighting
Jan
9%
50
4%
45%
6%'
non-vot com—1
Class °v A
'®
1,450
54 "2
'
Helena Rubinstein
i?
45
54
4%
Jun
9% May
Jan
Feb
Jun
7 Va
1
Inc
Groceterias class A
McKee
Hearn
|
45
54
1
common
Harvard Brewing Co
Hat Corp of America B
Hathaway Bakeries Inc
Hazel tine Corp
Hecla
250
10
Electric Light
;
7%
25
-
V
7%
•
24%
Apr
6%
13
Jan
105
7% Feb
5% Feb
20%
9%
.—5
(The B) Co
Mapes Consolidated Mfg Co
500
—
Apr
15%
5
Manlschewitz
9
100
16
Mar
Mar
7Va
——
*
Lone Star Gas Co. (Texas)
Longlnes-Wittnauer Watch Co
Jan
H
8%
25
8%
8%
—
—25
Steel
Mangel
8'%
22%
22%
Jan
1ft
14
Apr
13
Jun
20%
Mai-
1 Va Mar
11%
—-
5
Class B—
Maine
b
——
4% May
3% Mar
14
.1
..
Macklntosh-Hemphill Co
Lamp Co
Hamilton Bridge Co Ltd
500
12% Mar
9%
Oil Development
Material
Locke
Jan
44%
•
Hall
1,100
5,700
1V4
1
Corp
Llpton (Thos J)
14% May
120
36% Mar
101'A
4
19%
8%
8
common
Lit Brothers
10% July
Apr
41
3%
*
Common ctfs of
Mar
675
12%
Jun
1 Va
—
Lionel
% May
67% May
Mar
11%
19
400
Jun
104
—1
_
9%
Jun
17%
.1
Jan
15 %
Jun
•■■■>47 %
....
1
_
Tourneau
Line
Jan
July
63%
Le
Jun
3%
A Mar
56%
60
Jan
1 Va
1
Company
Realty
Leonard
Jan
Jan
B_
Lefcourt
May
Feb
6%
100
Gypsum Lime & Alabastine
,
July
2%
.
Lanston Monotype Machine
La Salle Extension University
327/s July
18%
14
63%
Grocery Stores Products common—25c
Utilities
Jun
Tea—
stock
1st
States
Jan
35
56V2
1
common
12
Class
Apr
Feb
Apr
3,200
5
preferred
Great Northern Paper
Gulf
84
%
pfd—25
conv
54
21%
•
Graham-Paige Motors 5%
7%
27
84
10
Non-voting
2%
Jan
May
42
50
Gorham Inc class A
Gorham Mfg common
Great Atlantic
14%
15%
5,200
•
B
Jun
16
3,300
.
4
—10
Co
Lakey Foundry & Machine
Lamson Corp of Delaware
Lagendorf United Bakeries cl A„
Jan
23%
Laclede-Chrlsty
Feb
5
11
25
—
....
Lake Shore Mines Ltd
Jan
110%
29
•
Gladding McBean & Co
117
2% Mar
52
•
Gleaners Harvester Corp
Jun
Feb
May
L
Jun
96%
Mar
—
Apr
Feb
110
17%
'Apr
45 Va
Jan
9%
■ft12
Apr
1001
Feb
2%
17 Va
Jan
Jun
Mar
84% Mar
xi05%
♦
Giant Yellowknife Gold Mines
Gilchrist
96 %
37%
Jun
9
Jun
x9-
-
95
30
15
*
Krueger Brewing Co
Jan
400
Georgia Power $6 preferred
Rubber
98
2,000
20
44
17"v; Mar
100
99%
1
common
30
7%
•
Co
102 Va 104
4%
$6 convertible preferred
(D Emil)
Kleinert (IB)
Ltd
Knott Corp common
Kobacker
Stores
7%
58
44
Jan
Jun
17% May
1,000
17%
Apr
4>A"
11%
58
58
—1
Kirkland Lake G M Co
July
7%
(AC)
Jun
15%
125%
.
7%
—1
9
4'A
11% Mar
15
—100
Seeley Corp
Kingston Products
Kirby Petroleum
39
100
High
8% Feb
123% Mar
15
...
Jan
Corp
1
Plywood Corp new com——50c
Glen
4% %
Feb
General
$5
Corp—
preferred
27
General Phoenix
——
11%
—
Kings County Lighting 7% pfd B. -100
5%
100
preferred D
Apr
9% May
8
Jan
6% Mar
30,500
—
*
& Co
1,700
7%
10%
—
5
(Walter)
39
102 %
General
Apr
9%
Kimberly-Clark
3% May
5% Jun
27%
Low
«...
——
Klein
General Finance Corp common
-
Jun
Co Ltd—
dep rets ord reg
General
1% Mar
2%
2525%
4%
Supply Corp com—1
preferred
25
conv
Range Since Jannary 1
High
«
King
General
Amer
17%
92 !A
1
common
15
16%
100
Gellman Mfg Co
5%.
14'A
*
9%
.100
7% pfd.---
Co
Kennedy's Inc
Key Co common
Gatlneau Power Co common
Shares
K
8% July
8% Mar
fer Week
Low
Jan
19
Sales
Week'e,
Range
Stle Price
Exchange
High
11% Mar
1
New
ef Prices
Last
STOCKS—
Range Since January 1
High
12%
Par
Fox
Friday
for Week
Shares
31
16
Sales
Range
Sale Price
STOCKS—
York
New
(275)
EXCHANGE
RANGE FOR WEEK ENDED JULY
Friday
CHRONICLE
Co
Machinery
2
14%
4
10
6%
Jun
National Steel Car Ltd
Jan
National
1
~9%
15
*
25%
Transit common
—
3%
Feb
17%
Jan
May
Feb
4% May
'
:y$t
Week's
Friday
Last
STOCKS—
York
New
Exchange
Curb
Range
of Prices
gale Price
Low
Par
Neptune Meter common
Nestle Le Mur Co class A
Low
UV2
300
8%
16%
1,500
13%
400
4%
Feb
*
2 % Mar
New Jersey Zinc—r
New Mexico & Arizona Land
Jan
13%
Apr
Rels
Feb
16% July
7
Jun
Reliance
96
May
Richmond Radiator—
6
Jan
200
1
20
25
800
3%
250
9
2,600
1,700
6
1,200
1% Feb
82 V2 Mar
Apr
July
59 % Jan
Feb
12%
Park
New
Process Co common
*
common.
10
Y
N
Y
&
N
Y
Merchandise
Y
Shipbuilding
Co
86%
1%
88
75
75
*
Rosario
N
N
Auction
1%
1%
1
Mining Co
Honduras
Feb
Mar
9
30%
Rice
Rio
Jan
Shoe Co
(Robert) &
2%
Valley
88
Amer
July
10%
100
27
Feb
32
May
100
13
July
15
Feb
17
300
14 V4
Feb
19
May
8%
1
100
100
9%
28,800
101 y4 103 %
xlOl
325
101%
220
3/0
X
1,700
5
Niplssing
class B.
11%
11%
11%
3,900
*
Niles-Bement-Pond
10%
10%
11
1,600
19%
19 %
1
1
..5
Mines
.1
North
American
North
Central
Northeast
♦
North
Utility Securiti
Corp
Field
RR
•
Rowe
(The)
Co
States
40
100
33
48
4
50
—
class
Power
A
.
101
25
2%
15
Apr
Mar
2%
Feb
90
—
102
75
39%
41%
3,000
11%
12 '%
6,800
19%
19%
700
Jan
97
Feb
34 y2
11%
12%
1,500
4%
4%
400
7% May
1
*
1
Class
95%
38%
Corp
Ohio
Brass
Co
Ohio
Power
4%%
Oklahoma
-50c
common
class
B
1%
7
Feb
13% May
16
Apr
22%
Jan
107
Natural
1%
1,100
42
200
1%
100
104%
38%
300
30%
Gas
38%
Feb
Jan
33
106% 107 "4
Apr
Feb
Poindexter
Oliver United
Distillery
5%
1
Filters class B
Omar Inc
400
14%
%
50
23%
1,000
10%
23%
1
14
23%
1
Securities
5% July
13
O'okiep Copper Co Ltd Amer shares
Overseas
6
*
11
200
Jun
14% July
15
10%
10'%
1% May
9%
9%
500
6%
34%
34%
1,500
32%
32
32%
300
29
Mar
Power & Light 5% pfd
Pacific Public Service com
$l-.30 1st preferred
100
Page-Hersey Tubes
•
4% Mar
9%
37%
9%
37%
10%
2%
rl/256
2%
3%
—
2%
2%
30
30
21
3%
*
stock
Convertible
$5.50
39%
Jun
5
25
prior stock
certificates
Inc
Corp
B)
(R
Semler
Radio
1
1
1
1
•
common
9
Jan
13
Jun
Sentry Safety Control
Serrick Corp class B
Jan
Seton Leather
17%
common
5
*
1
25
Shattuck Denn Mining
10% May
Shoe Corp of
101
Feb
106%
Jun
91
Jan
97
July
12% Mar
15% May
23
Mar
25%
Jun
23%
Feb
33 %
Jun
10
Feb
22% July
Singer Manufacturing Co
Singer Manufacturing Co
Amer dep rets ord regis
11
Mar
13
Sioux City
19%
18%
22%
28%
450
23
Feb
Parkersburg Rig & Reel
Patchogue Plymouth Mills
1
20%
20%
21
500
17%
Feb
80
-*
101
101
46
46
Light 4%%
25
IjOO
1
pfd
Co
8,900
common
Governor common
Pinchin Johnson Ltd Amer
Pioneer Gold Mines Ltd
Piper Aircraft Corp
Pitney-Bowes Inc
Power
6%
Service
4%
2,800
50c
3%
10%
7%
28
2%
113
Jun
49
Jun
23%
26% May
7% July
Jan
5% Mar
Feb
4
Apr
101% Apr
4% Feb
1,150
39
1,200
4
Apr
700
48
Feb
Mar
6Va
108'/a
common
common
11
400
7 %
700
28%
600
(Howard) Paper Mills
9% Mar
3% Mar
8%
6%
Jan
Southern
21%
13,300
25%
80
80
250
__
4
4
300
Feb
74
3,200
23%
80
11% May
4.48%
12%
2%
1
12%
Feb
__
15
15
1
Jan
Southland
Feb
22
Feb
29%
19%
19%
Spencer Shoe Corp
Jun
Feb
4
Feb
38%
175
37% July
41
Feb
72%
610
58%
8%
72%
Stahl-Meyer Inc
Standard Brewing Co
Standard Cap & Seal common
Convertible preferred
Standard Dredging Corp common
$1.60 convertible preferred
Standard Forgings Corp
Standard Oil (Ky)
Standard Power & Light com
2Mar
2
xll
Jun
9,300
4%
500
1,700
2.50
12%
13%
700
•
13%
14%
125
44
44
210
8
14%
2%
2%
•
10%
10%
9
50
Feb
Jan
4% Mar
14%
3%
11
Jan
Jan
Mar
9% Mar
87
1
Jan
Feb
37
Mar
13% Jan
20% July
Jan
5
18%
6%
15
Jun
Apr
94
17
68
3
12% Feb
62
6%
Feb
400
9%
Feb
16
Apr
May
1% Jan
3
Jun
11
May
10%
200
9
9%
200
8% ,Jun
Mar
Jan
12% Mar
22% May
17% Jan
14 %
18%
14
14%
125
94%
95
96
100
8%
9% Mar
Jan
99%
90
Jan
97% Jan
36%
7'/a
Feb
56
Jun
12
"7% "7%
500
Feb
14
Jan
6% Mar
8%
7%
Apr
7%
249%
94
151
14%
225
Mar
8% May
Mar
270
May
4
Jan
88% Mar
170
90
Jan
12%
4%
3%
9%
5%
44
12%
4%
3%
9%
5%
44
25%
8%
5,500
13%
5
3%
9%
6
44 %
29% Jun
Apr
Feb
Mar
5
July
4% May
10% May
6 % July
14 V2
2% Mar
4,500
x3%
3,000
Feb
1,700
7% Feb
3% Feb
1,500
33% Jan
47
29%
31% Feb
1,000
—
•
2.78
1
10
1
20
1
10
1
•
8%
__
—
Jun
—
29%
2%
2%
—
Steel Co of Canada
•
67%
(A) & Co common
Sterling Aluminum Products
Sterling Brewers Inc
{Sterling Engine Co
•
1
1
21
35% Jan
41% May
1,200
26
28 %
4,100
27%
50
39% 39%
27% 28%
28% 29%
28
28%
24% 25
8%
8%
45
45%
4
4%
5'%
—
1%
10%
24%
3%
Feb
900
25
Mar
Apr
29% July
29% Jan
600
400
22% May
4% Jan
25% Feb
8% Jun
300
36
Feb
48% Jun
4'/a
Feb
5
300
5%
Jun
3% Feb
1,500
1
3,300
Feb
650
19% Mar
1,500
Jan
7% May
1 % May
12% July
26 % July
Feb
8%
300
1%
1%
10% 12%
24% 26
3%
3%
May
2 % Mar
17% Mar
^
400
9%
25%
3% Jun
19%
Feb
6,800
10% 10%
28% 29%
2%
2%
2%
2%
113
113
6%
7
4%
4%
2%
2%
3%
4%
Feb
1% Jan
5,400
1 % Mar
100
102
20
115
Feb
400
3%
Feb
800
2%
Feb
800
July
8% May
5% Apr
3% May
5% Jan
6% Mar
800
Feb
11% May
29% July
3
May
2% May
3% Mar
.
.
Stein
—
8
Feb
69
July
27% Jun
15% Mar
23% July
200
7% Mar
8% Jan
2% Jan
.
%
Feb
1,300
5%
Jan
675
13
13% May
15% Jan
16%
16% xl7%
800
15
Jun
20% Jan
33
6
33
6
34
6
950
27%
Jan
35
5%
Apr
—
15%
16%
3%
7 ,, Jan
17% May
3% Jun
1
Co common
Fob
22
2,700
1%
6%
•
Inc
52%
150
500
1%
6%
15 %
1%
6%
14%
14%
1
470
67% 69
26
26%
21
22%
7%
8
7% May
15% Jun
Jan
Jun
8% Feb
600
79
Mar
x96
(Hugo)
8
1
•
Corp
Stop & Shop Inc
Stroock (S) & Co common
Sunbeam Corp..
Sun Ray
•
25c
•
1
15
Drug common
1
Feb
144
Feb
152
3%
3%
500
13% Mar
1,225
Mar
__
2% Mar
1,700
10
•
Feb
Feb
,
14 Vi
July
12
1% Apr
'
May
Apr
Jun
40
25
14%
36
May
6% Mar
3,200
3% Jun
244
10%
92
150
.100
■
j.
14% July
•
•
Tampa Electric uo cummunTechnicolor Inc common——
R
»•
1
*
51:
?
31%
28 % May
200
\
12
:May
Jan
31/
31
12%
12%
1,800
11 %
Jan
119% 119%
12%
100
10
118%
Jan
124t:». 1 Jan
<1519%! Jun
-■<
16
May
2
2%
20%
20
1%
;t,
; f
.
18,400
20%
325
—
8
...
29:':;
35%
,■215
'
400
%
"8
8%
10,400
Feb
27% Jun
30% Mar
52
...
Feb
14% Mar
200
1%
28%
35
j--.-'
1%
5%
,Jun
Feb"
L—
3% May
20%
5
19
19
200
18
May
5
warrants.
—
18%
18%
200
16
Feb
21,
Jan
1,100
12%
Feb
15
May
Jun
1% May
31
v, Jan
'37
'.Jun
55
Mar
9% Jun
Tllo Roofing
Tishman
\
13%
13%
14%
1
—-—I
14%
14%
••7-7>A
15%
7%
Inc—
Realty
&
Construction
Tivoli Brewing Ca——_—
Tobacco & Allied Stocks...
18% May
11"% Mar
1,200
■
5%
900
Feb;
»
.+7%
49% Mar
Tobacco'Security Trust Co Ltd—
1VirAj»ejr, toJSte- ord.,regls^—
Jun
11% Jan
Apr
35
7%
244
Standard.Tube class B
Starrett (The) Corp
Stinnes
5
7%
7%
6%
4%
2%
3%
Stetson (J B)
98
•
92
For footnotes see page 33.
July
17
76
Jun
108% Apr
Mar
1,800
44% May
300
97%
•
Railway & Light Securities—
Voting common
10
Railway <fc Utility Investment A——.1
Rath Packing Co
common!—-..^-.10
Raymond Concrete Pile common
•
$3 convertible preferred—.—-—*
Raytheon Manufacturing common
5
4
May
20% Jun
Feb
16
3,100
11% Apr
14%
1
1
1
1
Sterling
100
Quebec Power Co
Radio-Keith-Orpheum option
May
15% May
Feb
2,100
104
86
28%
—•
preferred
Products Co
Standard-Thomson Corp
Jun
8'%
27,100
$7
class B
Standard
14% May
14%
3
Common
May
Colorado—
preferred
13
Feb
2%
700
3%
20 Ve
16
66
Jun
Royalty Co
Superior Tool & Die Co
Oil Corp—
6%
Jun
1% May
10Vi Mar
13
4
% Mar
10U
100
16
__
39%
27%
28%
25
1
5
•
Southern Pipe Line
700
"5%
common.
5% Jan
May
1% Feb
1,300
Jun
85
87% Jun
3
300
3
1%
12 %
3
25
preferred
Jun
800
20 %
cum
preference
conv
4.32%
Jan
6
Swan Finch
Oats
24% Jan
4% May
27% Jun
1% Mar
13%
Jun
19% Jun
2% Jan
Feb
20% Mar
150
4%
23%
25
25
25
original preferred
4.88% cum preferred
4.56% conv preference
Superior Portland Cement, Inc
Quaker
3%
1% Mar
2
10
Pa Pipe Line
California Edison-r-
Southwest
11%
9%
1,900
4%
-1
Puget Sound Power & Light—
$5 prior preferred
Puget Sound Pulp & Timber
Pyle-National Co common
Pyrene Manufacturing
34
16% Feb
7,700
2%
•
1
100
1
1
1
1
1
12.50
Oil common
South Penn
Jun
2V4
~5%
5%
2.50
preferred
300
300
3
18
•
South Coast Corp common
5% Jan
67
3%
17%
•
America
Feb
2,100
19%
Jun
12%
-100
common
Feb
10%
3% Jan
Jun
19% Jun
% Mar
27
100
Manufacturing Co
Soontone Corp.
Boss Manufacturing common
6% May
64% Jan
70
70
17%
5
2
800
£ 1
Solar
Jan
31%
50
50
1,100
Ltd—
5%
4%
10
Co
cumulative
Smith
4% Jun
3%
•
of
Feb
12%
3%
25c
Providence Gas
4%%
200
•—1
Producers Corp of Nevada
Prosperity Co class B
Public
10%
1
common
Corp of Canada
Prentice-Hall Inc
Pressed Metals of
10%
2
Alexander
Lambert
66
1
common
1/64 July
3
Feb
3,600
31'%
3% Jun
3% Apr
% July
4% May
1% Mar
2 % Mar
1,000
2,200
20,400
3la
4%
2%
39% July
12% Jan
Gas & Elec Co—
3.90% preferred
May
24% May
shares
Mining Co
&
65%
•
1st preferred
Pratt
3%
•
Pleasant Valley Wine Co
&
700
JSt
•
Pittsburgh Bess & Lake Erie RR
Pittsburgh & Lake Erie
Pittsburgh Metallurgical common
Powdrell
300
2.50
Pierce
Scale
106% 106%
20
Philadelphia Co common
Phillips Packing Co
Pneumatic
100
1
Pharis Tire & Rubber
31
42% Mar
2
•
Pep Boys (The)
Pepperell Mfg Co
Perfect Circle Corp
Polaris
2,260
•
2.50
Penn Water & Power Co
M,,<
10
Jan
Solar Aircraft Co
46
Penn-Dixie Cement warrants..
Traffic
Publications—
$3 convertible preferred
Simplicity Pattern common
•
27%
Penn Gas & Elec class A common
Penn Power &
24,500
13% Jan
7% Mar
Simmons-Boardman
•
•
*
•
Silex Co common—
225
1
common
•
America class A
Ltd
Breweries
240
27%
Penn
Slck's
97
5
Telephone
Apr
32% July
104
Co
$1 cumulative preferred
Pennroad Corp common
11% Apr
6 % J ah
8% Mar
27% Mar
4,500
•
Sherwin-Williams of Canada
36
Motors
Peninsular
18%
3.100
10%
39
12%
2%
2%
100
preferred
Feb
Paramount
Corp
Jan
75% Mar
Jun
Parker
Pen
Apr
300
3%
I
Shoe Co
Industries Inc common
104
Pantepec Oil of Venezuela Amer shrs—
Jun
7%
5%
2%
1
1
common
•
common
11%
5%
•
1
Co
X95
X95
Jan
7% Mar
3%
Allotment
May
9 %
Pacific
10
200
600
2
Jan
13
34%
Pacific
Feb
17% July
May
5
25
8%
Jan
2,800
—
Jun
48
24
25
1st
Jan
7% Mar
5'%
1
109%
Feb
1st pfd
preferred
:
Lighting $5 preferred
5Va%
5% Jan
Jan
42 % July
25%
14 %
9'%
1
*
4%
Pacific Can Co common
Jun
5%
11%
2%
25
Shawinigan Water & Power
Sheller Mfg Co
Sherwin-Williams common
Pacific Gas & Elec 6%
13%
8%
8%
1
common
(Del)
Securities Corp General
Jan
Jan
7%
Feb
17
1,775
Seeman Bros Inc
Steel
Sentinel
Old
Apr
93
4% Mar
1,200
25c
.1
Corp
Selected
41
41%
common.
preferred
37%
9'/a
2,700
8%
17%
18%
2%
17%
2
Scullin
Selby
1%
42
8%
16%
r 1/256
United
Sayre & Fisher Brick Co
Schulte (D A) Inc common
Scovill Manufacturing
Jan
42%
$2
Savoy Oil Inc
Rights w i
Jun
Feb
A
•
50
Salt Dome Oil Co
Samson
21% May
3% Mar
103
Ltd com
conv pref
St Lawrence Corp
O
Ogden
Mar
24% Mar
Segal Lock & Hardware
Northrop Aircraft Inc.
Novadel-Agene Corp—
Mar
Jan
23
—
S
May
600
1,000
1,800
—
1
Jun
2%
11%
1.25
common
Ryan
Ryan
Jun
3
Northern Indiana Pub Serv 5% pfd_100
Northern
48%
20
4% May
2% May
Jan
87
—
1% May
33% Mar
2%
3'% Mar
1%
800
5,900
Jun
100
2%
Jan
Jun
May
32
12% May
20
5,300
18%
2%
10
1
*
Corp common
Co Ltd
Aeronautical Co
Consolidated Petroleum
Ryerson & Haynes common
7%
2%
26 %
1
Russeks Fifth Ave
May
11% July
48%
18%
3%
Feu
24% Mar
4
5
Jan
Mar
Apr
18'%
Jan
Jun
40
40
1%
180
200
2%
£1
5
;
Jun
10%
7%
S
Oil
Airlines
Penn
common
1
Feb
2,800
28 %
3%
Inc
117
6%
2%
24'%
2%
Co
Petroleum
105
% Mar
2
23
3%
.
High
5%
3% Mar
28
23
•
reg
Apr
Feb
500
100
com
Feb
200
1
Texas
pfd F
new
rets for ord
dep
Roosevelt
Root
Inc
% Jun
8% Jan
9 % Mar
Low
4%
1
92
12
Range Since January 1
High
Co—
Feb
48%
*
Class B commbn
1
1
7%
200
4%
1
Gas
7
X92'%
Low
4%
*
Rotary Electric Steel Co
Niagara Hudson Power common
5% 1st preferred
5% 2d preferred
Shares
Ltd—
Cable
Rome
Jan
31
xl3
1
,
Hundred Corp
5
t c
v
Pendleton
&
Royce
Royalite Oil
Nineteen
Engineering
Rochester Gas & Elec 4%
Rolls
Jun
Corp—
Founders shares
for Week
72% July
xl3
xl3
&
Goods
Dry
Grande
-1
1
Co
Electric
Stlx
(Texas Corp)
10% May
17
10
Range
of Prices
Par
Regal
Sales
Last
Exchange
High
Roeser
New
Curb
Jun
1
Co
convertible preferred
York
New
3%
100
New England Tel & Tel
.
Haven Clock & Watch
New
4% %
High
3%
2,400
Week's
Friday
Sale Price
STOCKS—
Range Since January 1
5
5
Corp
(Herman)
Shares
30c
National Union Radio—
Nelson
Sales
for Week
54
7%
6% Feb
-£1
*r5i
200
z
:;i/.July
Apr
May
,-<
•
Feb
1%
Jan
COMMERCIAL
THE
Number 4717
168
Volume
&
CURB
YORK
NEW
FINANCIAL
CHRONICLE
(277)
EXCHANGE
RANGE FOR WEEK ENDED JULY 16
Friday
STOCKS—
York
New
Exchange
Curb
Sale Price
Todd
Shipyard
20
70c
100
1
1
Corp new com
Toklan Royalty Corp
Toledo Edison 4'%% pfd
Tonopah Mining of Nevada
Trans
Lux
Corp
Tri-Continental
Trunz
99
99
92
1,000
1
Mar
5
1,300
4% Mar
13/4 Feb
3%
•
1
•
3%
28
Jun
6%
28
July
Ercole
Marelli
Feb
9
May
Jan
Jan
13
9% Mar
& RR
Elec
Mfg
U
10c
Corp
1%
4%
2 3%
Jun
4% Mar
6%
Mar
5s
8%
6
Mountain
Power
4s
series
AC Vis
A6%s
A 7s
*
L.
100
United
93
50C
91% Mar
—
T-
97%
Jun
57% May
150
94%
93
__
—
62
Jan
Power
17
103% 103%
$57 J/4
58
2
A-O
1949
A-O
112
31 ~
61
1003% 102
1033/4
102%
60
56
101
100%
103%
$101% 103
101
100%
102%
103%
106%
101
U-N
1970
38
50
$104»a
—
Sec—
J-D
1941
coupon)
1953
1955
—1957
1957
w—
27%
16%
28%
1952
J-J
28
28
28
18
17%
28
1941
coupon)
,-1952
—
28
28
28
1
17%
28
68 %
67
69'%..
30
55'%
71%
20
28 %
18
17
C
(Dec
1941 coup)
1
,
(Aug
A7s
1013% 101%
J-J
1958
series E
F
A7s series
$42
3-D
Jan 1949
Jan
series
A7s
$3.75 pfd series A———
1033/4
24%
J-J
1963
B
International
Union Oil Co of California—
Union Stock Yards of Omaha
28
US
-.1961
-1950
33%s
Indianapolis Power & Lt 3%s
6"% July
Apr
$110
High
973/4
26
112
$25
1
stamped
Green
Jan
5%
January 1,
$13
Grand Trunk Western Ry
Apr
1,000
73/8
I3/, July
4
.
,
4%
7%
7%
Union Investment Co-___
1,300
1,700
1%
4'%
1%
5
Corp
Range Since
Low
No.
1013/i 102%
1953
1947 coupon
6s
Chemical
Sold
Finland Residential Mtge Bank—
Hygrade Food 6s scr A
Unexcelled
1013/4
Bonds
High
Co—
A6V2S
Nov 1
MS
1940 coupon__1953
1
ex
J-J
1956
5s
A6%s with Nov
Apr
31
6
100
10
Water Lt
4'% May
25
6%
Elmira
Guantanamo & Western 6s
Ulen Realization
Bid & Asked
1965
3%s
Eastern Gas & Fuel
1 % May
400
28
6%
10
*_
9,500
4
28
G'/a
Week's Range
or Friday's
Sale Frice
Low
Jun
993/4
Jan
1%
4%
4%
150
1%
July
5
3% July
700
4
66
61% July
1,250
Exchange
Curb
High
Low
66
York
New
Range Since January l
High
63 %
3%
64
3%
warrants
Inc
Tung-Sol Lamp Works com
80c convertible preferred
Shares
of Prices
Low
Last
Period
BONDS
tor Week
Range
Par
Friday
Interest
Sales
Week's
Last
(July
28%
28
«•«»
8
17%
28%
28'%
—
28'%
7
17
28%
28
F-A
28
28
9
17%
283/4
2 k:
28%
Interstate Power Co—
Aircraft Products
United
Chemicals
United
Corp
com
4%
common
3%
Jan
5% July
100
38%
Mar
Jun
11,500
A
Feb
% May
31%
Apr
16
Feb
36% May
20 3% July
17%
Feb
22% July
6,800
58
58
">8
warrants
5 3/a
4%
*
%
U
34'%
34%
50
United Gas Corp common
IIlO
20%
20
20 3/a
3,200
United
—7
21
21
22%
10,700
17
17
17
United
Elastic
_•
Cofp
Light & Railways
United
•
—
—
.
Products
common
16
25
Preferred
Jan
30
July
35
Milk
70
Jan
United
—
NJ RR & Canal
100
United Profit Sharing com
10 %
preferred./
United
Shoe
25c
10
1%
250
Jan
245
Jan
54%
54%
553%
5,675
52%
Jun
40
660
38 3/s
Jan
13
400
&'%
Feb
2 3%
23%
3
2,000
Extended at 4%
13
Milwaukee
Gas &
S
and
1st
1
•
Securities.
International
preferred
with
*
warrants.
N Y & Westchester Ltg
United
1
Reclaiming Co
Stores
Corp
50c
com
19'% May
Feb
11%
15%
15'%
16%
4%
85%
7,300
13/8
Feb
85 3%
25
70%
Feb
86
16%
1,100
12 3%
Feb
18% May
1 %
Apr
3
~2%
1,200
2'%
Jan
Ohio Power
3% May
1,100
5
16'%
■
—
——
2%
2'%
—
25
107
109'%
101%
6
1967
US
1961
2004
1968
—1971
U-N
$101% 103%
mm-m
102
67
58
63 %
63%
65
I104V4 105
102%
105
Power 3%s
1st
4s
mtge 3%s
3s
$105
106%
J-D
103
103
103%
A-O
107%
106 3% 107 %
$102
A-O
104
107%
101%
13
14
104
105
108
101%
103%
103'%
Jun
4%
85%
"7l
U S Radiator common
U S Rubber
A-O
Light 4%s
New England
July
35/8
2% Mar
108'% 108'%
—
F-A
to
Jan
41 ®/4
.12%
-10c
Conditioning Corp
$5
1956
1963
deb 4%s
Valley RR—
Midland
Apr
62%
39%
12%
..
18
19
$104%
—
J-J
_
$17
«...
J-D
—1969
Kansas Power &
27
$13
J-J
1966
Light 3Vis
$25'%
Jan
10%
7% May
— —
25
common
U S Foil Co class B
U
Power 3%s
Kansas Electric
1st mtge
U S. Air
1947 coupon
Nov 1
ex
Altalian Superpower 6s—.
July
2
1% July
700
1%
5% May
5% May
—
1
commons- -25
Machinery
~1%
—
250
250
..10
Preferred
Specialities
A7s
1952
1952
-,.1983
1940 coupon
1
McCord Corp
dep rets ord regis
United
Hydro-Electric Co—
A 7s with Nov
Jan
25%
United Molasses Co Ltd—
Amer
Isarco
J-J
ctfs
A Debenture escrow
5% May
May
Piedmont
Jan
Hydro-Electric
1
A
1
1940
92%
1053%
103
106
19
34
$104% 105%
J-J
25%
1047 coupon
6Vis ex Oct
823%
1033%
92%
J-D
Co—
coupon__1960
1960
A6Vis with Oct
92%
1043% 1051/4
J-J
Lexington 1st mtge 3s——1964
Pennsylvania Water & Power 3y4S_1964
3 Vis
1970
Park
25%
5
$14
Public Service Elec & Gas Co—
Universal
new
Utah-Idaho
42%
45
Jun
45
July
20%
20%
20%
75
19% Mar
22
May
10
28
28
28'%
200
29
Jan
234
2%
2,300.
233/a Mar
23% Feb
21%
22%
1,100
193% Mar
22% May
-10
com
Insurance...
Universal Products Co
42%
10
Universal Consolidated Oil
common.,
5
Sugar
•
Utah Power & Light common
2%
22
41%
1,400
1998
5Vis series A
Edison
$4 convertible preferred
Venezuelan Petroleum
7
5
1
Venezuela
Syndicate Inc
Vogt Manufacturing
20c
•
Mar
Jun
Jan
10
78'%
600
7%
98
Jan
"7%
9
5,700
5 3%
Feb
10'%
Jun
4 %
8
5
2,700
2% Mar
5'%
Jun
14
200
4%
13
13
15'% May
Feb
xl2%
Southern
California
Southern
Counties
1st mtge
•
Waltt & Bond Inc
$2
Waltham
Watch
Ward Baking
Warner
1
preferred
cum
Co
l
•.
~1%
1
800
Feb
8
"3%
—
110%
May
"l%
500
1%
10
150
8'% Mar
7%
9%
6%
Corp
2%
11%
107
30
Co warrants
Aircraft
2%
10%
2%
Wagner Baking voting trust ctfs ext.*
7%
preferred
100
2 3%
Apr
Feb
6Ve
Apr
4
1,500
2 3/4 Mar
6'%
IVa
6,650
2-3-i Mar
7% Juiy
2
Feb
Manufacturing
West Texas Utilities $6 preferred
Western
1.23
•
Tablet
1st pfd—100
Stationery com
*
&
Westmoreland Coal—
20
Westmoreland Inc
Whitman
(Wm)
1
—I
& Oo
Wichita River Oil Corp
Wlckes
Wilson
6%
(R
5
•
C)
& Co
Products Inc—
Brothers
preferred w w
"9%
161
250
200
20%
1153/4
Feb
50
United
200
14% May
18'%
13'% July
16%
20a
17% Mar
24%
25
9%
300
6%
9%
200
9% July
17%
24'%
102'%
Inc
~6
200
3%
.55
deposit receipts.
—
income
Dec
75
1946
J-J
$22'%
28
22
30%
1948
A-O
$20'%
24'%
21
30 „■
1
1949
4s_
New
York
Curb
Period
Exchange
Associated
^
Electric
19
A-O
Penn
Traction
Atlantic
17%
100
14
Jan
24%
1,300
17
Feb
5s
95
Jan
14
6s series C
'Bethlehem Steel
19'%
1960
Anr
9%
10% Mar
700
13
—
—
~2'%
~2iV
5,100
Last
or
Friday's
Bid & Asked
Sale Price
7 3%
"2.
P-A
High
Bonds
Sold
Range Since
•
January 1
No.
Low
102%
105
105
105%
23
J-3
100%
100
100%
46
M-N
Period
Exchange
Curb
J-J
High
108
ALima
Interest
107%
AMedellin
106 3%
$155
J-J
9334
1954
U-S
97'/a
111
AMortgage Bank of Chile 6s
168
Mortgage Bank of Denmark ,5s
98'%
44
Parana
141
81
97
97
997/a
252
82%
99%
105 >4
105'A 1053/a
A-O
104
103% 104
106%
106% 106 %
6
1977
J- J
86 %
165
1969
J-D
1976
J-3
98V4
A-O
98
Lt
& Pwr
(Bait)
ser
Q
^Zisfc'ref 2%s series ft—
p 2Vis conv debs
'Consolidated
■t"
Gas
(Bait
Gen:mtge 4%s~—-
Delaware
Lack
Lackawanna
1st
——1981
1962
City) —
1954
w.
'
105%
Low
High
61%,
65%
61%
62%
A-O
J-J
$623%
J-D
353%
35%
1
31%
39%
U-N
71
71'/a
9
58
84%
68 '/a
68'/a
4
66
78
71'/a
F-A
—
—
M-J
M-N
J-D
$25
28
$35'%
Jf-N
A-O
J-D
J-D
6
8
12
14
J-J
—
15
24
30
32
39%
$42'%
42 Ys
44
$42'%
42
44%
$25
22
22
~5
65
81
25
27
10
13%
15%
18
24
66
65
66
--
(Plan A)
2008
107
78
(Republic of)—
Is to 2 %S (ser ABODE)
Rio de Janeiro stamped (Plan A)
Interest
ARussian
88%
102
J-3
2012
1919
3-D
M-8
J-J
28
$25
J-J
1997
Peru
105%
106 3/4
reduced
to
Government
A5%S
Jf-N
$104'% 104%
2%
6%s_
—-
—-
1921
avu
104 >%
vcvluut
n
AICAv**CU
UvUVVA j
v*mmuhvv«v*«
14%
14%
23
23
1
2 %
2 3%
2%
88
2%
3%
2%
23%
2%
12
2'%
3%
•
- — — ^—
-
-
g Ex-stock div.
h Exrange),
f Ex-distribution,
r Transaction for cash
included in years range).
y Ex-rights.
sales being transacted during current week.
98%
14
98
101
e
98
11
97%
100%
principal,
nUnder-the-rule transaction (not
(not included in year's range), x Ex-dividend,
104 '% 104 5/a
1033% 109
17
112%
$112% 113%
A-O
jjiaa
98
98
Odd-lot
"
115
transaction
(not
included
in year's
•Friday's bid and asked prices; no
ABonds being traded flat.
4
",'v
,
JReported in receivership.
& Western RR—of
N
J
Division—
1993
mtge 4s ser A
A 1st
c°nsolldated,
tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "v t c,
voting trust certificates,
'"w V' .when issued; "ww." with warrants; "if," without warrants.
Abbreviations used above—"cod,"
mtge 4s ser B——1993
Tj*• r^'rj
*•
ll**'
v •'
'/v
•
103
16
$623%
NO.
Range Since
January 1
—
1st ref mtge 3s ser P
23/4s
85
85
1053A
104
3
M-8
Jf-Q
Gas El
stamped
Interest reduced to 2%s
97
1969
Sold
102 3%
93
.
Bonds
High
1947
1947
1931
1972
stamped
159
166
100% 101%
100 %
J-D
7s
109%
$110% 110%
Friday's
Bid & Asked
$12'%
1952
Mortgage Bank of Bogota—
A7s (issue of May 1927)
A7s (issue of Oct. 1927)
Q-F
or
Sale Price
1951
99%
1958
1st ref mtge
120
103%
98%
7
6%s stamped_1958
(Plan A)
2008
103%
Debenture 5s
Consol
(Peru)
1
J-D
Jan 1966
117
99
$5'%
reduced to 2'/as
10
Debenture 3s
1.4
City
Maranhao stamped
103%
96
1953
5s
Danzig Port & Waterways—
AExternal 6%s stamped
106
106
Debenture 5s
•'**
16
Low
102% 103
—
1948
(20% redeemed)
A5%s (20% redeemed)
"Cities Service 5s
120
Week's Range
York
Last
Interest
BONDS
ICentral States Electric Corp—
A5s
108
107%
98'%
2% May
Mar
J-D
1970
'
84
*
102'%
„
Foreign Governments & Municipalities
Jan
300
17%
1998
(Boston Edison 23%s
72
106
~2
120
J-D
1959
5s
15
84
107'% 108
$107%
107'/
Jan
11%
1960
6s
27%
Jan
Feb
11%
Bell Telephone of Canada—
i,:
18
102'% July
1964
City Electric 3'%s__.
27
Union—
6s conv s f debentures
24% July
50
1955
A
81%
US
J-D
May
17
1953
Assoc Tel & Tel deb 5Vis
103%
Jan
23%
1970
4%s
38
102
$13
1964
7% May
102% 102%
Low
'Appalachian Elec Power 3 Vis
19
102
125'%
1956
1958
debs
Newspaper
8
27
$14
102
J-D
2030
External
Interest
102'%
119
Co—
1940 coupon
1
Agricultural Mortgage Bank (Col) —
A 20-year 7s
April 1946
A20-year 7s
Jan 1947
Bogota (see Mortgage Bank of)
ACauca Valley 7s
1948
Danish Cons Municipal Loan—
External 5%s
1955
BONDS
26'%
27
1953
1 1947 coupon
1954
6%
~2iV
63
Elecftric
New
preference
Wright Hargreaves Ltd—__
68
12 3% Mar
Feb
17
11%
65
May
11%
Feb
10
•
A-O
114'%
Jun
11
Feb
9%
5%
100
pfd
1966
96'%
102'% 102%
Jan
22%
trust
Penn
Jan
100
123
Dec
A 5s
Western
16
$119
Washington Water Power 3%s
West
13'%
105'%
A-O
1947 coupon
Waldorf-Astoria Hotel—
40'% July
16
100%
106
F-A
M-N
3 Vis
Elec
&
Electric Service
25%
13'%
1105
101
98
100'% 100'%
J-J
Industries—
stamped
2nd
ex
Jun
Jan
—
Corp—
stamped
3rd
A7s with
Mar
33
(Calif)
(Hugo)
West
25% Mar
20
105'%
104%
1989
1950
A6Vis ex Aug
Apr
May
1053%
101%
1
104
104
$104
(Hugo)
29'% July
93%
Woodley Petroleum
Woolworth (F W) Ltd—
American
29'%
40'%
Jan
22'%
16
—
1
Wisconsin Pwr & Lt 4%%
Industries
29
39%
112
1
common
Winnipeg Elec common
Woodall
40
10
Corp
(The)
Williams
Willson
30
113
20%
29
10
Weyenberg Shoe Mfg
May
140
112
Maryland Ry 7%
Western
10
6% Mar
300
8%
8'/a
104
J-3
A-O
—
1970
Gas
A 7s
Wentworth
Gas
United Electric Co of N J
2% May
1%
200
20
Hydro-Electric Co—
A6%S with Aug 1 1940 coupon—1953
Jan
2
3%
11
103'A 1041%
$113%
—
Terni
Jan
13
105'%
100'% 100'%
1031/4
1971
collateral
A7-4s
3% May
11% July
Feb
113%
101%
100%
(A G) 5s
AStarrett Corp inc 5s
Stinnes
1%
97%
101%
A-O
u-s
Spalding
A7-4s
100
113%
MS
3s
Southwestern
Stinnes
W
Gas
101
1965
3s
$99%
1
5s
Waco Aircraft Co
103%
100
U-N
1973
3%s——1970
3 Vis series A
7 %
160
98
102
3s_1981
Lt & Pow 6s B
inc mtge 3s
California
Southern
1
159%
20
159'% 160
$100
1952
1951
Safe Harbor Water Power Corp
Scullin Steel
common
A-O
Jan
3%
San Joaquin
Valspar Corp
J-J
1952
debs
6%
50-year
Queens Borough Gas & Electric—
Jf-N
May
63 %
63%
64%
21
45%
46%
,:
f:
553/a
.
,
65
29;% ,46%
.
-rr-
...
certificates of deposit; "cons,"
33
34
-(278)
THE
COMMERCIAL
&
FINANCIAL
CHRONICLE
Monday, July 19, 1948
OTHER STOCK EXCHANGES
RANGE
FOR
WEEK
ENDED
JULY
16
Friday
Week's
Last
STOCKS—
Par
Arundel Corporation
of
Co
class
Amer
A
Pa RR
Vernon-Woodberry Mills—
16
763
3.00
3.15
884
2
Mar
5
i6Va
16%
135
12
Apr
23
Jan
May
Juiy
U
S
Western
Jan
16%
150
150
10
144
Mar
160
310
310
1
300
Jan
310
3.00
5
National
16
13%
20
3.00
70
2.00
Jan
20
27
70
20
53%
53%
40
51%
Jan
25
Feb
28%
Feb
52%
& S
series
Jun
27%
27%
75
49%
50%
423
45
45
45
50
42
Jan
45
July
—
49
50
$20,000
43
Jun
68
Jan
__
52
53%
10,000
45
Jun
77
"Cities
Club
1975
"Range
Sale Price
Par
Alles & Fisher Inc
of Prices
Low
1
50%
51%
39%
Agricultural Chemical
5%
39%
70
153% 155%
2,809
146
6%
Fox
49%
Jun
52%
Jun
37%
Jun
39%
Jun
147% Mar
158%
Jun
-Sugar
American
Tel
American
Woolen
*
53%
52%
56%
726
36% Mar
Copper
50
37%
37%
39%
546
30%
40%
&
100
100
Inc.
Son
&
RR
124
25
Unstamped
Boston
21 Va
100
Edison
Boston
153%
*
Albany
42%
21%
124
21%
126
41%
42%
58%
59
19%
100
Elevated
19%
25
210
Feb
17%
115
21%
Feb
Mar
126
Jun
Feb
100
Corp
•
23
23
23
58%
Jun
59
111
18%
Jun
19%
Apr
22 Va
Feb
28
5%
class A
100
1st
44%
45%
335
100
7%
7%
5
pfd stamped
7% class C 1st pfd stamped
100
10%
r
100
cl
1st
D
Boston
Boston
&
Calumet
Cities
-
pfd
Personal
Providence
Trust
RR
Eastern
S8
Employers
.Safety
Loew's
66
July
8
Va May
57%
RR
Co
6%
Feb
31%
Feb
64 %
27/a
Feb
3%
93
21%
21%
22
80
21
Jun
20%
20%
20%
115
20
31
31
32%
103
26%
Apr
Feb
58%
58%
59%
362
49% Mar
40
39%
40%
1,781
34
35%
580
30
30
4
58%
Assn
England Electric System
New England Tel & Tel
N Y New Haven & Hartford
15
154
11
200
31%
37%
11%
18%
39%
11%
11
92 V2
53c
100
115
2%
Feb
3%
13 %
19%
416
14% Mar
21%
600
30c
54c
Drug,
10%
11%
4,754
92
93%
270
14%
26
51c
58c
115
38%
20%
20%
21%
6%
Stone &
Webster
Torrington
14%
6
1,555
10
475
Feb
10 %
July
12%
83
Mar
96
10 %
•
United
—•
Co.
38c
Feb
85c
107% Mar
125
prior
Waldorf System
Inc
150
3%
250
99
15%
12 Va
100
11
55
200
50%
15
8%
15%
130
14
9%
1
14
9%
Feb
Feb
38% May
16 %
July
18% May
15%
Feb
10%
28
11%
Nunn
26'A
50
18%
Feb
28 %
29%
1,400
24%
Jan
30
11%
50
9
Jan
52
Mar
11% May
64 Va Jan
57%
3%
57%
20
3%
3%
200
14%
14%
15
—.
41%
42
•
21'A
750
21%
3J/e Mar
•
9'A
300
28
650
20 %
Jun
7
250
6%
Feb
8%
Jan
July
34%
Jun
32
32
34
1,200
10%
10%
11%
2,100
5
6%
6%
50
16%
16%
100
10
10'/a
1,400
19%
19%
67 %
71
25%
26%
10
25'A
Mar
32
6%
Feb
16% Mar
21'A
Jan
250
44'A
74%
Jun
900
22% Mar
Jan
1,300
7%
10
14
13%
14
450
12%
common
11
15
15
15,%
150
15
July
coixirndh^
___*
22
Feb
Feb
26%
26%
57
15
15
50
35%-
35
36
300
31
400
26
27%
200
com—2
new
10
common—
20
Shoe
:
Co
&
common
Potter Co
30
Feb
40 Va
1,022
16 Va
Feb
22 Va May
1,100
3%
Feb
6
May
% July
(The)
4% July
50
350
19
19
VScfrenley. Distillers Corp.;
Schwitzer.
Cummins
14
221
Apr
14 Va
.1
100
1%
Jan
2'A
Jan
7%
34
5%
Feb
7% Mar
14%
14%
290
13%
Feb
B
^1
common
Sinclair, Oil
South
class
13%
11%
16%
17%
135
11% Mar
15% May
18 Vb July
39%
170
34% Mar
41
May
39%
100
35% Mar
42
53%
54%
3,256
48%
Feb
1.250
52%
Jun
58% May
62% Apr
22
38%
Shellmar
Prod
Signode
Corp
31%
'
Steel
Strap common.Corp...,.
Society. Brand Clothes common
10
Bend
Lathe
■
Spiegel Inc
Works
1
capital
5
Louis
.2
common..
Nat
13% Mar
15%
Jan
28%
31
25
33 Va
1,800
9 %
15
8
.19%
4
Athey Products Corp capital
Automatic
Washer
common
-
54%
55
724
Feb
.
Oil of
65
65
$2,000
65
July
65
July
Ind
Stewart-Warner
Jun
&
Seelig
class
A
3
-3
.5
Week's
Range
l>f Prices
Co
Binks
common—
6%
Shares
21%
Apr
16%
Feb
450
4 %
Feb
700
27%
Feb
6%
32%
32%
100
13%
200
41%
1,200
12%
200
-33%
34%
2,200
Manufacturing Co capital-
(George
W.)
Brach & Sons
Butler
Bros
For
common
(E J)
6%
&
25
5
common..
Mach
CO
Tool
capital
new
__
26%
11
5
stock
25
32% July
11% May
15
Jan
Feb
42
May
10 Va
Feb
12% May
j
Mar
34% July
!
26
14
200
11%
Feb
14
Jan
29%
1,200
15%
Feb
32
Jun
i
7%
7 %
200
6
Mar
8'A
Jan
j
26 Va
350
25
Jan
28 Vz
Apr
:
ll7/a
700
26
11
3%
35
50
7% Mar
14
35
3%
200
July
2Va Mar
1
50
9%
Feb
11% May
••
48%
52
1,400
37%
Feb
53
14%
14%
15%
300
12%
Feb
16-% May
650
7%
Feb
7%
8
33%
12%
33%
12%
50
13
•1,450
12
Jun
7%
Feb
15%
4%
50
3%
Feb
6% May
12% May
Low
11
400
26
350
153% 154%
2,100
500
30%
200
15
63
700
52 %
Feb
16
Feb
12%
6%
13%
1,300
2%
1,000
6%
300
3%
250
6Va
6%
1,200
see
17%
36
36
17%
10%
14
14%
17
So La
Salle
9% Feb
21% Mar
148
Mar
High
Jun
United
U
S
Air
Steel
11% Mar
1%
6 Va
Feb
July
3% July
4%
Feb
42.
capital (new) —*
—*
18%
150
150
"
180
Jan
35
'<
May
13
July
Feb
36%
Jan
May
21 %
Jan
66%
Juh
21%
Jan
28% Feb
44
Mar
37
Jan
48
Jan
May
2% May
8
Jan
4%
Apr
7% May
Yates-Amer
Unlisted
200
16
Jan
36%
400
32%
Feb
18
600
17% July
20%
12
750
10% July
13% May
14%
500
9% Mar
17% July
41
40
15
30%
85
85
10%
10%
12
12
100
10 V*-Mar
14
Jan
13
13
13
50
12% July
14%
Jan
400
15%
8%
15%
8%
*
16%
1,400
-.50
37%
37%
39%
800
3iya
900
4
—1
......
—1
& St-San
com
Copper Mining
Mar
83
July
25 Va
Feb
33 Va
50
80
Jan
85.
,
Jan
850
10
Feb
11%
Jan
1,100
Jun
4
200
2% Mar
8
Va
Jun
4% May
9%
Jun
12% -Feb
16% May
30 %
41 :T* May
Feb
Mar
Jan
May
Armco
Steel
10
30
Atchison Topeko & Santa Fe.....J_100
•
Bethlehem Steel common new.
Corp....
36
15
17
Jan
9% Apr
45% Feb
11%
Jun
100
66% July
Columbia
57%
57%
100
51
62
Apr
Continental
13
13%
400
15 Va
Jun
...
Curtlss-Wright "
9% Mar
18% May
28%
*
Lines, Inc.
Radiator
400
Mar
42% July
13% July
68
28%
2
capital.
Alleghany Corp
100
Feb
May
300
Stocks—
American Air
Anaconda
700
400
14%
83
10%
common—
Mach
42%
81
Wisconsin Bankshares common
15
13%
81
Jun
Indust
42
10
Inc
Jun
10%
13
48
26%
17
10
47%
158%
66%
—
30
Westinghouse Elec & Mfg com—12%
Wieboldt Stores Inc cum prior pfd
*
10%
—
65%
18%
29%
*
St Corp
Lines
66%
•
63
2
common..
common
.5
-
25
5
^10
—
page
17%
__
(The)
Jun
9%
27% Mar
16%
(The)
Canadian Pacific
Certain-teed
Ry Co.—,
Products
Gas
...25
(The)..
Motors
•
r
36
16%
16%
18%
18%
Xl2%
14%
11%
"8%
8%
18
9
11%
26%
Feb
32% May
100
92% Mar
117% July
400
37%
-xl2%
1
*
30
117% 117%
1
—
System Inc
'4
Jun
11
34%
Co
37/a
11
49
16%
Co
|
May
Jan
30
34
Corp
|j
34 Va May
32% July
27%
35
l
com
i
13%
27%
1
Corp common
Union Carbide & Carb
1,100
3%
„
...2%
_
capital
common
footnotes
1
Corp
Borg-Warner Corp
10
May
24%'May
22
May
6 % July
Range Since January 1
15%
2
--
May
32
16%
208
14
10%
12%
Jun
10
Jan
950
Texas
for Week
25%
1
Bliss & Laughlin Inc common
Borg
•
Corp.....
19
May
.7% Mar
34
Thor
High
4%
■
v
Apr
■
Corp common
Sundstrand
Trane
Sales
Low
17%
Bastian-Blessing
Berghoff Brewing
conv—
22%
15
,
,.i'
Jan
9
Feb
1,000
21%
12%
~
•
20
capital
Corp
Container
American
Barlow
35
Jan
May
37%
Mar
Jun
1
Avco Manufacturing Corp
16 Va Mar
July
•
1,950
23
13
Jan
St
9%
39%
^
•
30%
32%
13
-34'A
common
8%
.20 %
6
•
-
9%
21%
20%
Jun
2
1%
:
capital
Bears Roebuck & Co capital
Corp
8%
22
•
42
5
?v:
64% May
8%
1
common
Sangamo Elec Co common...
14%
153 7 a
(.fc
May
4% May
48% Mar
21%
9%
25
50
14%
1—100
...
30
110
19
.5
Standard
"•
.■
Jan
300
21%
_i
Apr
♦
Co common
16%
4%
8%
2%
common—
common
Jun
5
Feb
58 %
21%
.•
_•
40%
14
Jun
15
32% Mar
30
4%
Corp common
Bancorp common
Bush
Woodall
Asbestos Mfg
11%
Apr
57
Apr
29% May
10% Jun
7% Mar
*
Jan
200
3,300
Peabody Coal- Co- common
6%
prior preferred
Pennsylvania. RR^capital—1
,
Chicago Stock Exchange
Armour
7% May
19 V2
10%
Swift Internat'l Co Ltd ctfs of deposit-
American Tel & Tel Co capital..
11% July
Feb
8%
10%
common
July
23% Mar
Jan
6
42
15% Mar
11'A
49 Va
1
May
16% May
7
10
Feb
Sale Price
Jun
Mar
5
Feb
10%
38% Feb
Par
Jun
12
9'A Mar
550
•
May
28
10
Cooker
Manufacturing
Swift
Aetna Ball Bearing common
Allied Laboratories common
18 %
U'A
28
10%
264
STOCKS—
%' Jun
50
♦
48%
Last
July
10
50
1
40
Friday
Jun
14 %
July
7% -Feb
200
*
39
28%
Jan
7% May
17%
34%
•
46%
1947
Admiral Corp common
Advanced Alum Castings
19 %
64 V2
16%
34%
♦
common
Jan
26'A
*
1
common
Jan
17%
!
com
(new)
9%
19 %
58% May
Feb
July
14
1,400
Jun
Jun
16% May
16%
—'—
—
100
Tool
110
Mar
15
200
14%
10
10
common
Co
7%
100
8%
12%
Jan
3V2
Apr
Feb
13% Mar
1,200
1
Univ
2%
July
May
10%
8% Mar
82
55
6% Mar
25
46%
12 Va
3%s
9
3%
96%
Feb
50% Mar
.3
common
Illinois
Sunbeam
Co
8%
30 %
40
Mar
25
x34%
250
1
common-
Manufacturing
Pressure
Stone
Terminal
10
1,400
•
common
Standard
Oak
Apr
BONDS
Boston
50
7%
10
39
*
Westinghouse Electric Corp
30
38
64%
common
Chemical
30
:38
IVb
common
10
6%
preferred
U S Rubber -_i
Jan
29% May
Feb
.61 Va
•
Stockyards capital
Standard Dredging common
Standard
Forgings common
25
common
39
May
25%
7%
_♦
25
Machinery
Shoe
25
200
3,700
55
15
5
preferred..-
Northwest
Jan
39%
.53%
54%
8%
12%
--
5
Northern
Jun
•%
8
Union Twist Drill
United Fruit
Apr
61%
capital..
Harvester
National
May
14%
Apr
39
16%
*
Inc
Co
Jun
7%
10
capital
Extension
7%
*
Assn_
63%
.1
common
Prod
--
_5
common.
Pneumatic
Co
2
13 %
10
Feb
Bye Mar
Jun
Jan
37%
2.50
mc
32
300
.
~3%
.1
1%
North American Car common.:
Apr
37%
•
Corp
Folding Machine
400
6 %
15'A
—
*
Serrick
Reece
Co
National
Jun
35c
50
25
Rexall
62%
30
common
Dk
Switchboard
&
Monroe
Jun
18%
115
6
62%
6%
•
27%
Montgomery Ward & Co.li..
Jan
Feb
10
651/2
115% Mar
Mar
30c
-•
Pennsylvania RR
Quincy Mining Co
270
16
Feb
27
common
Steel
Modine
13% May
55% May
Feb
July
52%
27
common
Minneapolis Brewing Co
July
14%
--30c
2.50
Mills
Shawmut
(G)
Salle
$1
AVa Apr
13% July
6% Feb
130
July
110
25
Marshall Field & Co common
60 Va July
Feb
51%
13%
-...100
Hi
42%
10
20
100
North Butte Mining
836
50
■_•—5
New
2,000
30
10%
-
1
—:—-1
4
60%
22% Jan
3% Jan
70
82
200
27
Middle West Corp capital
Miller & Hart Inc common vtc
39 Va May
-51
38%
100
*
4
58%
15
20
64
6%
7
42% May
Feb
73
no
25
Libby McNeill & Libby common
Lincoln Printing Co common
Lindsay Lt & Chem common
Jun
28
Jan
80
73
.63'
«...
*
common
&
Spencer Bartlett
La
59% July
31% Mar
Jan
14% May
9% Feb
1,700
110
mmmm
v
.5
Werner Corp new
Leath
Apr
33 Va
July
10
Co
Corp
Kellogg
27% July
26% Jan
>-25
——
common
Nash-Kelvinator
Reece
Dr
International
Jan
Feb
Mar
13
Inc
Brew Co
Indiana
Jun
25
81
100
(N
200
305
15
15
National Service Cos
RR
3
Feb
84
*
Racing
Narragansett
7
62%
34
Mathieson Chemical Corp
Pacific
34
6%
•
preferred:
Northern
625
-15
Theatre
Central
5%
66
3
Co
Copper
Boston
Maine
60
66
Feb
*
com.i
Razor
(W H)
Illinois Central RR
11% July
84
_
Razor
Royaie Copper
Kennecott
Safety
Lakes
Independent
Jun
Jan
•
Stores
Int'l Button Hole Mach
Isle
18
7%
•
common
General Electric
Gillette
Apr
13% Mar
57%
100
100
Assoc
Group
National
First
9'A
5% Mar
107
100
Jun
7%
10
A__.
class A
Refrigerator
Illinois Brick
Apr
•
Linus- mc
Candy
Hupp Corp
Ry—
preferred B —
—*
preferred adjustment
5%
110
9'
Jan
64'A
700
i.
common
Hein
Apr
65
-10
Street
5%
100
13
50
-
Transp common
Harnischfeger
7% July
11%
100
Mass
9%
712
48
Jan
17%
5
Service
6%
9%
8%
5%
11
100
Common
Eastern
Brewing
Heileman
Mar
17%
•
Hecla
&
7%
100
(stamped)
Prop
8%
Feb
32
64%
12%
■
28
(new)
class
Hibb
prior preferred
class A 1st pfd unstamped
64 Va
i
5
Hammond Instrument Co
•Boston & Maine RR—
5%
64%
*
common
America
Amer
Gossard Co
Feb
300
of
(Peter)
Great
43% May
50
13
lo
common.
Gillette
Jun
36%
12%
Jun
25%
20% Mar
"
f
Corp
Gibson
July
2,278
12%
common
General Motors Corp common
General Public Utilities Corp
Railway—
Stamped
Boston Herald Traveler
7%
Co
General Finance Corp
56 % July
Anaconda
Refining
Tel
Mills
General
Feb
American
125
*
Corp
Credit
General
High
5% July
22%
_*
Four-Wheel Drive Auto
Range Since January 1
25
10 V2 May
22%
(new)
Mfg
Flour
for Week
5%
15 y2
Feb
22
(The) Co Inc
Domestic
Low
Feb
8%
*
common
Cumulative preferred
Sales
Shares
Feb
10%
1,900
*
'Eddy Paper "Corp (The)
High
1%
350
10%
•
(■', " ■'
Common
Jan
Dodge
Last
STOCKS—
150
15%
10
2
Consumers Co-
Exchange
Week's
May
2% May
15
-___2.%
Products
Jan
3S
1
commons
Service' Co
Alum
6
Jan
31
'.5
common.
(new)
V.'-'-.v.'
•
Friday
Boston
Co
Apr
3%
100
150
2
High
Low
4%
36%
10
preferred
Corp
2
•
preferred
Towel
Chrysler
4%
35
Range Since January 1
High
50c
common
Convertible
49 %
1978
Shares
35
1
common
common
Corp
Corp
^Chicago
July
; 27%
Boston Stock
Bird
Ui.il
Commonwealth Edison
4s
A
&
10
Convertible
—n
Amer
common
W
/Coleman
5s
(A M)
Chicago Mil St Paul & Pac vtc
BONDS—
Baltimore Transit Co
for Week
LOW
_1
Co
Chicago
53% July
2
—20
common
Cherry Burrell
Jan
44%
27
July
50
—;
Bank—
Cent
3.00 July
Apr
Biscuit
'Central 111 Secur Corp
Convertible preferred
Jan
30
Amsterdam
Casualty
Fidelity & Guaranty
New
-Castle &
High
15%
100
Bank
Marine
Low
3.00
New common
National
High
15%
100
Maryland &
Mount
Range Since January 1
100
20
preferred v t c
Fidelity & Deposit Co
1st
Finance
Sbarea
Carr-Consol
•
*
Baltimore Transit Co com v t C
5%
of Prices
Low
Sale Price
Par
for Week
Sales
Range
of Prices
Last
STOCKS—
Sales
Range
Sale Price
Week's
Friday
Baltimore Slock Exchange
30%
1,200
Feb
16% July
37%: Jun
18%
ffun
100
14
800
10%
Feb
*14%
Jun
400
6%
Feb
10 Va
Jun
12,500
4%
Jan
11 % July
•
-
Mar
19% May
»'-*« *• •
ittUtt'rtJ
i|S;3A^ -te ^Ks?is:;:-^i'
Volume
168
THE
Number 4717
•
OTHER STOCK
RANGE FOR WEEK
Week's
Shares
•
Par
Farnsworth Television & Radio
Low
Gas
100
5% Mar
31% Mar
Light
40%
1,000
4%
4%
700
3%
Feb
42% May
5% Jan
6
4
_
watling, Lerchen fit Co.
10% July
4%
Graham-Paige Motors
Laclede
High
Low
10%
40
45
9
General Electric Co
10
Range Since January 1
High
10%
—.1
EXCHANGES
ENDED JULY
for Week
Last
Sale Price
6
6%
300
4%
Feb
6% May
Members
New York Stock
Nash-Kelvlnator
New
York
North
Pan
Central
American
Packard
Motor
Amer
5
Corp
RR
capital
Co
Inc
Co
oil
■
(The)
:
400
3,300
4%
Feb
10
10%
200
8%
Feb
5% May
11% May
23
23%
500
18% Mar
13%
13%
900
13% July
23%
.
Radio-Keith-Orpheum
37%
500
12%
14%
8%
45
29%
Socony Vacuum Oil Co Inc.—— —15
19%
common
Ford
DETROIT
Building
V
Telephone: Randolph 5580
•'
42
Jun
7%
Standard
Feb
31%
31%
800
19%
21%
4,700
14%
Feb
23
Jun
85
Steel
85%
300
69%
Feb
91
Jun
Feb
14%
Spring
Corp common
Oil Corp
Studebaker
Sunray
United
&
100
11%
28
500
16% Mar
14
Co
3%
3%
15'/a
15%
15% May
2%
200
Par
Feb
3% May
Feb
17% May
I—I"2
Products
Metal
Last
STOCKS—
Par
American
Laundry
Beau
...1
Brummell
Shares
Range Since Jannary 1
High
LOW
High
Jan
Jan
19
Apr
7
May
2,694
14%
5%
5%
50
5%
24%
40
18
Feb
5%
5%
100
5
Mar
29% Mar
Advertising;
Cincinnati
Gas
_
_
Products_
Elec
&
!U
Fibre
Paper &
Cincinnati
.8.50
common..
Preferred
.
5%
Sub
29
98
99
25
Bell Tel
78
*
Tissue
9%
29%
102%
8%
93
Jan
5
May
73
Mar
6%
70
•
10
Jun
6% May
Jun
184
10
17
23
18
26%
Feb
1,637
78
17
—
.
109
6%
5%
50
_.
Crosley Motors
Crystal
28%
100
.
Cincinnati Street
■nine &
28%
Navigation
17
Gibson
Brewing
Gar
Kalin
<E)
Sons 5%
•
Ball
Howell
18%
Jan
21%
60
19%
Feb
25% May
75
19%
Apr
24%
50
150
49
Jun
20%
21
120
16% Mar
48 %
48%
50
46% Mar
44%
45%
225
40%
Feb
47% May
67%
68%
690
62%
Feb
71%
Jun
58
'
8'e
preferred
Randall
U
S
•
& Gamble
.
..
.
68 Va
100
...
220
—
*
"B"
Printing
7
•
common
223
6%
110
43
Mar
215
109
7%
42%
—
45
Jan
Jan
40
July
49%
Jan
Jan
230
May
8
Jan
49%
Apr
&
STOCKS—
Sale Price
Par
Akron Brass Mfg
Alleghany
Cory
Home
Body
Coach &
Mfg
1
100
(Un)
.
Clark Controller
•Cleveland
$4.50
1
Cliffs Iron
preferred
100
Jun
High
2% Mar
3%
Jan
525
200
16%
Feb
24%
95
20%
Feb
Car
Hudson Motor
4,%'i
,*
com
.preferred
Natural
Consol
0
127
147% Mar
Tire
Firestone
Co
100
8%
Feb
12%
395
37 y2
Jun
45%
a30%
a 30%
33
-General Motors
common
Glidden
Co
Goodrich
(Un)
al8
19
(Un)
(B
F)
80(4
81
1,987
327
108
Bros
Pfeiffer
Rickel
(H
River
U
Shirt
Preferred
Rayon
iaterlake
Steamship
Radiator
S
Machine
.Jones & Laughlin Steel
28% Mar
14
Feb
12 y2
Feb
75 y4 Mar
Kelley Island Lime & Trans
2%
Feb
3%
1,555
4%
Feb
5% May
28%
Petroleum
34(4
Feb
41%
Jun
10
108
Barker
105 y2
Jan
111%
Jun
Barnhart-Morrow
Basin
Bros
5
17%
Oil
B
i.—
8(4
—
Metropolitan Paving Brick
4
•National
•N
Y
Central
Ohio
•
Tile
Brass
-Ohio. Oil
i:
1
.
64%
&
Mfg
RR
1
(Un 1
class
41
B
2%
13(4
Oil
(Un)L
*U">
■
20c
Jackson
•
Pennsylvania
Radio
?
RR
*
50
(Un)
Corp of America (Un)
*
65%
490
21
28
May
Mar
26
47% Mar
109
38% Mar
306
13(4
12% July
64
May
47% May
14% Feb
Investment
130
36
100
50
456
,
20
Mar
;
Republic Steel
/Rlchman Bros
Fuel &
Colorado
25
Jan
Steel
Standard Oil of Ohio commons
•Thompson Products common.—
10
*
l._
—
Van
Dorn
Vlchek
(Un)
Jun
Douglas
Aircraft
36
July
Dresser
Industries
19%
Jan
12
13
30'
132
75
5(4
325
50
-
4%
240
4%
41(4
165
0
*
"Refining & Chemical—
Motor
.*
«_
9
14
Feb
23%
Jun
Oil
Exeter
Co
l
__
For
footnotes
&
see
Tube
page
1
*
42.
__
Jan
Jan
38%
38% July
1% Feb
40
Jun
2%
2
25
100
1,000
l7/a
2% May
2% Jan
Apr
15
Farnsworth Tele
10
Feb
15%
24%
Jan
30
4V2 Mar
24
2%
Feb
6%
Feb
29
5
May
&
Garret
Co
4%
Jan
7%
Jun
26%
508
21%
Feb
28%
Jun
{
65c
400
52 %c
Feb
77%c
Jan
i
15%
15
15%
1,985
10%
Feb
15% July
j
a
16% al6%
70
17
862
6%
Feb
10%
3,450
7%
Feb
11%
12%
1,010
a33 % a33 %
11%
7
9%
35
26
50
28
Mar
'
7% May
1
20
May
6%
9%
.
13%
10
loy8 Mar
Jan
Jan
I
34% July
Feb
38%
Jun
525
20% Mar
31%
Jan
f
200
13%
Feb
20% May
f
62%
64%
740
54'/a
Feb
65
f
a38% a38%
a38%
62%
1,102
Feb
V4 Jun
20 % July
20 y2 July
12% Mar
20
20%
20%
20%
715
6%
6%
2,160
5%
Apr
29%
Feb
47%
Jun
j
9% May
12%
Jan
j
47
47%
1,490
10%
10%
270
59
—
59
16
Feb
7% May
;
50c
_
class
1
A
Natl
& Radio
1
a28 % a29 %
150
75
14
77%
Bk_ —100
Corp..
class
Stores
a28%
4
14
188
77%
82%
1,800
61
Feb
10%
30% Jun
{
12% Apr
14%
Jan
j
95c
Jan
60c
295
Feb
Feb
320
305
14
10%
11%
1,150
5%Mar
11%
8 Va Mar
10
8%
8%
300
2
14%
14%
100
Mar
21% Jan
305
.1
A.
50%
!
Mar
I
Jun
j
May
(The)
___—
j
10
General
May
Corp
common...
Hancock Oil Co class A
Hotels
Hilton
26%
Feb
43
Jun
32
Jan
34% May
Hunt Foods
27
Hupp
_
*
—
5
Corp
Jun
Mar
64%
Jun
—
61%
64%
1,747
51
36%
265
24
Feb
44%
440
39
Mar
39
92
Feb
all% all%
130
11
Apr
.4%
5
7,360
5%
Jun
19%
19%
490
15% Mar
22%
Jun
15%
_
common.
15%
44%
61%
0
Co
McBean &
Jan
36%
Goodyear Tire & Rubber Co common—*
Motors
10
16
300
15% July
18% Mar
al26%al26%
;
36% July
45% Jun
131
14%
i
\
July
Jan
Jun
25
105
24(4
25(4
90
a21(4 a21(4
75
al3(4 al3(4
10
23% May
16% Feb
Holly
Development
Jan
510
1
Co
a
Feb
31%
Jun
Kaiser-Frazer
Feb
47
Apr
Kern
Jun
22%
41
a32% a33(4
175
24%
Feb
35
55%
17
39%
Feb
59% May
199
9
200
14
205
2%
200
21%
21%
151
67% Mar
7
Mar
25
1.55 Jan
3%
3%
3%
3%
100
12%
11%
14%
3,237
11% July
10
1.60
»7%c Feb
1
10
j
4% May
Apr
1
33 %C
-
83% July
12
Jun
Los
Corp
Corp
Aircraft
1
Angeles
Co
—
—10c
1
Corp
Investment Co.._— —100
1.70
Jun
Jun
1.55
1.60
4,600
9%
10%
3,345
Feb
18
Jan
47%
5
Co
Petroleum
17%
48
958
45
Jun
51
Apr
20%
Jan
SO
Apr
8 Y»
28%
1.40
__
300
29
220
1.40
1.60
11,050
1.10 Mar
22
22
475
14% Jan
291
300
31
270
Jan
1.60 July
24%
300
Jun
July
May
15
Petroleum
Lane-Wells
Lincoln
Mascot Oil Company
9V2
Jan
Apr
3% May
Feb
24% May
Merchants
Feb
87% July
Mt Diablo
65%
4%
19%
6.66%
County Land Co
2%
19
—
Independent Exploration Co
Jun
Feb
.
common
Corporation
15
7%
1,083
a83(4
Inc
—
22% May
31%
45(4
a867/a a86%
High
3,020
18
Jan
47 y4
34%
14
Low
6%
6
25%
Jan
18% July
40(4*
9
Range Since January 1
65c
*
Inc
Inc
Corporation
Jan
40»4
55%
Shares
High
Jun
July
36
34%
29(4
44%
of Prices
18
1
Merchants
Farmers
-
Youngstown Sheet
12
14
26%
6
*
Corp
Ltd
37% July
12% Feb
2%
2
Feb
Feb
1
Products Corp
25
41(4
a81
*
Works
Tool
Warren
White
Iron
10
11
Jan
48
56
Lockheed
<U S Steel common
Apr
600
100
LOW
•
Creameries of America
Jan
130
5
.
7%
Feb
11%
'
Feb
29 % Mar
al8(4 al8%
»
i
Jun
20
common-
Engineering
40 y2 Mar
100
15
Iron
Preferred
Consolidated
39
a37(4
a26% a26%
29(4
(Un)__
i
5%
Jan
23%
K.
17% Mar
25%
.2.50
Chrysler Corp
31 %
24
14%
*
Corp
Certain-teed Products Corp
Tntercoast
■
«.
3%!
Feb
1
a26»/4
43%
5
__
Jun
3% May
Feb
20
Central
30
24(4
3
Jun
16%
2%
—
California Packing Corp com
13
—
2%
Jan
10%
11%
-1%
6%
*
Jun
42%
a37
•
12
300
Jan
;
87/a
Feb
Feb
8'/2
38%
1%
*
May
a23(4 a23(4
34%
7%
200
Jan
May
4
3y2 Mar
6% Mar
160
Jan
20
7%
10%
a__
Co
Hudson Motor Car Co
»
_
200
Jan
11%
10%
.33 %c
1
10 y4 May
6% Mar
■
Corp
•Patterson Sargent
Feb
22%
l
_
Inc
65
23 (4
34(4
__
■
rPacker
14%
22%
10
Corp
43
a50(4 a50(4
41(4
200
3y4
2
Home Appliances
Chica
Bolsa
31% Mar
23(4
__
17%
2%
3%
1
....
50(4 Mar
a62% a62(4
w_
6Va
Angeles Stock Exchange
......
186
100
a44% a44%
__
33%
Feb
300
Blue Diamond Corp
Gladding
^National Acme
Mar
4%
16
16
Sale Price
225
8%
a40% a40%
a25
__
28
400
16
Broadway Dept Store
Byron
...
631
676
.50
Consolidated
Jun
*
29%
Jun
37/a
100
Company
Jun
10
class
July
700
.
& Sessions
3
7
—1
Co
Fitzsimmons
Lamson
500
4
-4
-1
common
53
a
1
■McKee. jA Gl
Jan
5y8
28%
5
Par
23
14%
100
STOCKS—
Feb
.*
2%
10
__
Apr
Feb
<
2%
1
17% July
81%
43
__
14%
17
.—1
com—_
Los
20%
<Un)_.
29% May
Feb
__1
40
__
Jan
7
Products
75
5
Jan
Feb
„1
Electrical
Jaeger
2
1%
13%
10
preferred
Screw
22%
22%
42%
1,533
1%
21%
Wayne
a52% a52%
36
Jan
200
Warner Aircraft
16 y2 July
*
Jun
15
300
..I
Feb
—1
(Un)
221/4
Feb
15%
29
—5
9Ya
50
Industrial
Jun
Feb
8%
350
225
1%
.—1
class B
50
5
common
16
20
10%
.10
Dist
Consolidated
Halle Bros
Jun
8%
—5
Paper
16 (4
al6
13(4
Jan
15%
Feb
14%
„2
W)
Raisin
Jan
—
23%
Feb
7
28%
*
July
*
Feb
14
28%
1
Brewing
48
*
A
20%
300
5% May
Mar
4
"l%
*
common
51
0
common
class
Cooperage
583
100
20
2
Davis
Peninsular Mtl Prod
Feb
—
Jan
100
5%
272
a39(4 a40%
a25
Jun
8%
7%
3
32%
*
647/a
6% May
15%
5
43% Mar
10
common
Goodyear Tire & Rubber
Greif
(Un).,
—_
52% :Feb
22%
3
Jun
80(4
25
17%
a40%
Jan
8
517
5%
*
80
*
Jun
200
1,950
7
1
a47% a47%
_1
common
6%
7%
64%
ix:-:
Jun
17
__
9% May
1,115
Jan
107
al8
25
(Un)
Electric
General
(Un)
Feb
Park Chemical
a45(/s a45'/4
1
Rubber
&
5%
Packard Motor Car
Apr
11%
38%
17
;
9%
10%
20
10
Stamping common
144
*
Rubber
•Faultless
•Gabriel
(Un)
1% May
1
Corporation
Murray
National
Bendix
Erie Railroad
4%
Feb
*
15
:
common
Feb
90c
7%
1
15
Gas (Un)
Chemical
Dow
Jan
3
300
Jun
11%
__
Jan
600
Jun
158%
38%
a39y2
Jun
18%
22%
15%
*
common
Products
Motor
Bandini
Cleveland Electric Illumin
3%
Mar
2%
26% May
__
—
Feb
16
4% May
4%
al54,/2al55
__
1
Common...
3
23 */2
4
23 V2
25
_•
RR
Range Since January 1
a24,/2 a24%
_.
__
1
common
Chesapeake & Ohio
City Ice & Fuel
318
3% July
Apr
5%
5%
1
Tlvoli Brewing common
Udylite Corporation
Low
3%
2%
6%
10
Kaiser-Frazer
United
High
31/4
5
(Uni
Products
American Tel & Tel
Electric
Low
1
(Un)
American
American
Apex
•
50c
Jun
Jun
-4"?
Sales
Shares
240
6%
21%
4
1
63
2 V2
Motors
Timken-Detroit Axle
for Week
of Prices
1,100
Jun
Mar
20 % Mar
3%
7%
Bearing
Superior Tool & Die.
Cleveland Stock Exchange
Range
3y8
18
10%
8%
7
Manufacturing
Standard Tube
Week's
100
1"
Feb
23
3%
8%
1
common
Sheller Manufacturing
Last
3%
Mar
6% Mar
1
1
Scotten-Dillon
Friday
_3%
1
Electric
Parke
Proctor
3 '/a
18
333
5,286
Jan
Jun
1% May
17% Jun
Jan
21
'
—
"3%
5%
21%
21
10
Corp
Hoover
10% May
Apr
July
Motors
Gerity-Michigan
Hoskins
23
—50
pfd
Kroger
600
3%
1
Finance
General
Jan
49%
10
Mfg Co common
10
5%
1
Industries
Wood
Jun
23
9
Art
Hobart
12%
21
9%
High
27/a
26%
Apr
Feb
1%
100
1
Jan
81
20%
_
900
725
21%
1
Ale
Friars
Brewing
21%
V
Insulation
1%
17%
5
McClanahan Oil
Formica
•
Feb
21%
1
common
Goebel
23
Eagle-Picher
-\"0
r.
Feb
2%
19
21%
5
Federal Mogul
Frankenmuth
200
16%
10
20
General
1
Champion
:
Apr
15%
—
96
32%
31
15
15
Cleveland
&
Edison
Electromaster
for Week
30%
___8
'
Low
100
21%
1
Detroit Gray Iron
24%
Baldwin
v
Ranre Since January 1
16%
Bros
Detroit
2%
25
1%
.10
Paper
Detroit
Sales
of Prices
Low
-20
Mach
Exchange
Range
Sale Price
.
High
24
1
Brown-McLaren
Davidson
Week's
Shares
.2%
24
Burroughs Adding Machine
Friday
■
for Week
Low
2%
Electric
Allen
American
Consolidated
Cincinnati Stock
Range
Jun
12%
900
15%
'
Sales
Week's
of Prices
Last
Sale Price
STOCKS—
15% May
29
Feb
9%
1,700
3%
*
common.
14%
•
Corp
Wilson
14%
25%
14
-.1
14%
25%
1
'
Detroit! Stock Exchange
11% May
Jun
Feb
23
29%
—.25
.
May
15
Friday
Standard Oil of N J
'A
Jun
Feb
Feb
500
8 V9
Associate
Chicago Stock Exchange
Jan
Jun
2,000
8%
Jan
8
44
35%
12%
*
Republic Steel Corp
16%
x25 (4
—
35%
New York Curb
Exchange
26% May
r
IIZL*
III7i
Detroit Stock
Exchange
18% July
Feb
18%
"5%
13%
•
common.
Jun
16%
*
common,
America
21%
_5
--
-33%
Corp of
12%
.
10
com —1
new
Inc
Pure
Radio
14% Mar
14% Mar
-2 Mi
Co
Pullman
600
20%
5
167/8
*
...
Pictures
Pepsi-Cola
18%
10
Car
Airways Corp—;
Paramount
18%
*
35
Sales
Range
of Prices
Friday
STOCKS—
(279)
CHRONICLE
^FINANCIAL
COMMERCIAL
...
Menasco
.
Petroleum
1
1.20
1.20
800
Co.
1
2%
2%
2%
1,750
Co.—
1
1.45
1.40
1.55
5,300
1
1.50
1.50
1.55
1,600
Manufacturing
Oil-Mng & Dev Co—
90c
iy8
95c
1.80 Apr
Jan
3% Mar
Jan
Feb
1.05 Mar
,.;f
1.55 July
1.75 May
,
.'V
.7 '•
'
:V^-,
36
THE
(280)
i]h:ry^
..
/
:
COMMERCIAL
%.
&
yf
STOCKS—
Week'f
Friday
Last
Par
National City Lines Inc
1
Northrop
Occidental
Oceanic Oil Co
EXCHANGES
ENDED
7
7
162
6% Mar
9
May
30
14% May
15
May
3,300
15c
24c
20c
20c
20c
11%
11%
12%
1,000
46c
52 %c
46c
3,200
STOCKS—
Mar
6%
Feb
35c
May
Jun
St Regis Paper Co
Schenley Distillers
Pacific Gas & Elec common
Socony-Vacuum
5 % Vc
Pacific
15
20
2,365
*
a47%
a47%
a50
155
35%
Feb
47
a49%
a49%
a52
601
38
Mar
52%
85%
85%
341
71%
7,212
Feb
2.90
Jun
15% Mar
21%
Jun
Studebaker
34
34%
1,137
30% Mar
36
Jan
Swift
34%
34%
140
33
35%
Co
Standard Oil
610
(Ind)
1.95
—
32
32
340
28% Mar
32
50%
50%
266
49
51%
a53% a55 %
350
47% Mar
105
49
—
—
Mar
—
a53%
a53%
a53%
56%
Feb
Feb
&
July
Texas
Feb
Texas
55
July
57% Jun
Tide
Co
(N
& Webster
J)
25
Inc
Rexall
Richfield
Oil
Oil
1
27%
29
4,090
:2.50
•71/4
7%
7%
1,835
—1
1.15
1.15
1.25
1,700
43%
common—.
Drug Inc__
Ranch
Rice
Co
Corp
Co
11,004
5%
5%
18%
19
220
Co
1
Co
&
•
Security Co
Shell Union
Oil
Company
Sulphur Co
Trading Corp
Signal Oil & Gas Co class A
-25C
32
Jun
Union
Pacific
Feb
7% May
United
Feb
1.30 May
United
15%
Jan
4%
Feb
49
Jun
7
Railroad
Co
*
Sinclair
*
Corp
Co
_
_
_
_
1
_
Orig
preferred
com
Warner
4.83%
Inc
Apr
Feb
41% July
Westinghouse Electric Corp
Motors
Inc
Willys-Overland
51
52%
184
46
Mar
52% May
Woolworth Co
a43 %
a44
.160
14c
7,000
28%
Feb
44%
12c
Jan
22c
convertible
4.32%
cumulative
Feb
180
Feb
136
175
179
120
122
al&O
5
125
34c
37c
5,325
32c
Feb
55o
4.56%
preferred
29%
2,297
15%
Feb
32%
13%
1,270
8y2
Feb
I
Standard
Oil
Oil
Sunray
25
Mar
36
Mar
May
28
American Stores
Textron
27%
28
565
26
28 %
28
28%
934
24% May
28%
Jan
American Tel
24%
24%
388
22%
Jan
25%
Feb
Baldwin
28%
29%
855
28
Jun
29% July
Budd
Chrysler Corp
Curtis Publishing
July
& Tel
Works
34%
34%
200
32%
Feb
34%
58%
62%
1,110
44%
Feb
68%
68%
71
1,315
55
Jan
62% July
72% Jun
Delaware Power
1
13%
13%
14%
3,982
Feb
15% May
Electric
al5%
2
12%
Transcontinental & Western Air Inc__5
Union
Oil
United
California
of
States
common—_25
Corp
Jan
new
10
com
Cons
Mng Co
Chollar C & S Mng Co
Imperial Development Co Ltd
Unlisted
2%
14 (4
100
38%
3,032
21%
Feb
20% May
38% July
8'3V4
1,085
67% Mar
83% July
43%
44%
735
39
Feb
44% July
a8%
63
7
Jan
10
13%
a
5c
5c
2,000
3c
Shares
Range Since January 1
High
Low
High
24%
435
22 Va Mar
27%
1,895
147% Mar
158%
16
10%
10%
236
62%
64%
417
11%
11%
13%
3,158
1,061
17%
17%
17%
52%
52%
64%
20%
21%
12
12
12%
7
7
7
17
11% May
Feb
65%
Jun
Jun
Mai-
13% July
15 % Mar
18% May
56% Jan
7
1,067
20%
8
52%
147
60%
__
Apr
Jun
Feb
Feb
12%
168
49%
Feb
50% Mar
65
260
17%
Feb
25% May
1,246
9%
Feb
Jun
4%
Feb
13
May
5% Mar
100
7% May
7% July
Jan
20% July
20 %
3,715
16%
Feb
22% May
10
—
44%
44%
85
40%
Feb
48%
52%
23%
22%
42%
52%
24%
23%
44%
1
52
Jun
53
Feb
24%
5c
$2.25 preferred
Apr
Philadelphia Electric Co common
$1 div preference common
2,000
Apr
Philco
6%c
3%
3"%
100
3
Mar
38%
38%
275
37
Mar
8%
8%
231
15%
16%
550
a30 %
15%
32
Feb
4<j%
27%
Feb
11% Mar
506
91
Jan
49%
653
42 %
Apr
6%
250
4%
Feb
al6 al6%
40
12%
Feb
49%
6%
13
Baltimore & Ohio RR Co
100
15%
—5
a41%
Co
Corp
Corp
Co
Jun
16%
1,325
10%
Feb
33
Feb
44
27%
34%
395
Feb
37%
1,055
30% Mar
37%
Jun
a25% a25J/4
20
a43 % a44%
112
5
a64% a66%
120
47
al0%
a
10% alO%
45
25
16%
a46%
18%
a46% a48%
1,360
25
16%
100
8%
10
37%
Jan
Feb
Mar
Feb
65
July
11% May
Follansbee Steel
39
Fort
Pitt
Lone
Star
May
Columbia
&
Gas
Electric
16%
68%
68%
68%
175
3%
21%
3%
21%
3%
22%
623
20 Va
20%
30
Mountain
National
3%
3%
9,522
a24% a24%
100
21 Va Mar
10
10%
498
10
8%
9
870
2%
Mar
Feb
Corp
a31% a31%
5
Electric Bond & Share
12
•
l
Co
27%
•
39%
General
*
a38%
General Public Utilities Corp
Goodrich (B F) Co
•
Graham-Paige Motors Corp
Great Northern Ry Co pfd
Greyhound Corporation
l
4%
*
a45%
3
12%
Interlake
41
International
Nickel Co of
Tel
&
Tel
Canada
Corp
61
July
16% Mar
6% Mar
10
Jun
Mar
69
*
•
.Libby McNeil & Libby
Jun
3% May
23 Va May
50
27% Mar
1,380
7%
Feb
47,538
4%
Feb
20
250
Feb
24
20% July
Fuel
Sales
Range
for Week
of Prices
Shares
LOW
32
Range Since January 1
Low
High
32
20
7
116
Supply
Fireproofing
High
Feb
25
4%
33%
Jan
8% May
19% May
6%
17%
17%
14
14
12
10%
Feb
31
31
32%
40
23%
Feb
10
10
17%
10
13
405
Mar
14%
39%
7% Mar
26%
27
65
21%
23%
165
18%
Feb
7%
7%
64
6%
Feb
:
Corp
5
10
21
21
22
312
Jan
27
May
23% May
7% July
11% Mar
4
Jun
10% July
Feb
23%
5
10
Jun
24
July
6
Feb
Apr
4%
530
35%
137
34%
Feb
39%
Jun
8%
CO
*
—1
4%
35%
—
8%
227
7%
Feb
10
Jan
12c
12c
34%
34%
10
36
36%
37%
37%
28%
28%
10c
2,400
Mar
19c
May
Jun
50
Feb
33%
Jun
13
July
11% July
Shamrock Oil & Gas
1
*
Alloys
Steel
Westinghouse Air Brake
Westinghouse Electric Corp
*
12.50
—
27% Mar
35%
250
33
Apr
38%
338
32%
Feb
37% May
39% Jun
30%
186
25% Feb
33
Jun
Jun
27% July
9%
Feb
16% Jun
25
15%
Jan
22%
40%
943
32
a38% a38%
103
34%
Feb
40
276
11%
Feb
31
51%
Feb
St. Louis Slock
Jun
15
39%
15
a62% a62%
Mar
155
3% Feb
37% Mar
12%
12%
790
10
Feb
16
•
Kennecott Copper Corp
'
Feb
23%
16
290
11%
Feb
4%
400
a45% a46%
4%
42% Jun
Last
July
53% Apr
5%
48
Par
Jan
Jun
13% May
16% Jun
common
5
American Inv common
1
15
.1
1
5
A
S
Aloe
Co
Shoe
Brown
commons—
Manufacturing common
Coca-Cola Bottling
Columbia Brewing common
25% Mar
a32
a33
9
14%
14%
15%
520
12%
Jan
33% Jun
16% Jun
a58%
a58%
275
42%
Feb
59%
for Week
of Prices
Shares
LOW
Range Since January 1
High
Low
High
20
20
117
20
July
26
18
18%
355
13%
Jan
19
Jun
27%
29%
230
27
Feb
32
Jan
19
18
19
336
16
20
Jun
28%
28
May
Apr
....
18
—
Apr
28%
250
26% Mar
31
14%
14%
479
6% Mar
15
Jan
Jun
Apr
Sales
Range
Sale Price
STOCKS—
Exchange
Week's
Friday
Jun
Burkart
International
20%
26%
Pittsburgh Screw & Bolt Corp
San Toy Mining
450
14%
•
Feb
2
826
10
24%
15%
15%
General Electric Co
50% May
70 %
com—*
Pittsburgh Plate Glass
Jun
Week's
1
Gas——
28% May
3% July
a22% a22%
5
•
Corp
11%
26%
Electric Power & Light Corp
Corp
13
8
U %
1
39 % Mar
50% Mar.
50
6%
Vanadium
a63% a65%
—
*
Brewing
Harbison Walker Refractories
Jun
24
142
Curtis Publishing Co. (The)
Curtiss-Wright Com common
Class A if—I
27% July
Feb
4
10
Jun
150
8%
539
4
common
Co—
14%
10%
26%
a 27%
a63 V\
Blaw-Knox
Jan
Co
27%
14%
26%
a27 %
1
1
41
Gas
Nat
Feb
14%
*
25
_5
Arkansas
Apr
25% Mar
*
Commercial Solvents
Cons Vultee Aircraft Corp
Continental Motors Corp
Continental Oil Co (Del)
27%
46%
*
Mackintosh-Hemphill
330
*
28% Mar
Jun
179
3%
28% July
25
46%
Par
50 % May
61
Apr
10
62%
*
28% July
25
46%
Sale Price
Alleghany Ludlum Steel
63%
a61
62%
Company
Commonwealth & Southern Corp
Consolidated Edison Co (N Y)
22% July
189
Last
53ya Mar
a61
10
Corp
391
28%
STOCKS—
33
•
Cities Service Company
Columbia Gas System Inc
Edison
23%
28%
10
Jun
37%
_•
Co
22%
28%
Friday
Jun
a43%
a64%
Caterpillar Tractor Co
22%
4
Pittsburgh Slock Exchange
16% July
130
15%
34%
Budd Co
Jun
Mar
25
Jan
45% July
23% July
Jun
36%
15
Feb
23
1
13%
common
Gas Improvement
Westmoreland Inc
7% May
17%
a4l% a42%
22% July
39 Va Mar
Railway Co
Corp
United
May
117% July
49% July
•
Bprden Company (The)
Berg-Warner Corp
21%
15
5
5
21%
241
213
*
common
Co
United
3,824
50
preference common
Paper
Oil
23%
23%
42%
Apr
July
*
div
Reading Co common
Sun
—
0
Corp common
Public Service El & Gas com
Scott
*
*
4
3
31% May
465
13%
117% 117%
Barnsdall
65
May
157% May
407
3
Baldwin Locomotives Works
Mar
Mar
399
25
(Del)
48
148% Mar
10
16% May
39%
38
13
Topeka & Santa Fe Ry__100
Mfg Corporation
Jan
4% May
41 % May
a30% a31%
38
5
Atlantic Refining Co
7%
12% Mar
18
May
Jan
50
10
Iron
Sales
for Week
of Prices
1,819
Apr
6%c
1
Corp
(111)
Foods
Jun
1,123
5c
•
Co
Co
Zellerbach
11% May
7%
8c
Copper Mining Co
Crown
Jun
33
49 %
44% Mar
20
21%
1.80
Anaconda
Commonwealth
Feb
,
6%
Feb
76
(J I)
7%
347
19%
Feb
1,626
Pacific
120
47%
6%
Mar
153% 154%
Canadian
10%
19%
20 %
2c
a61% a63 %
Airplane
14
May
24% May
Feb
•
50
4%c
153%
Steel
Feb
25%
2_1
$1.40
& Tel Co
Aviation
18%
315
Pennsylvania Power & Light
Pennsylvania RR
70c
a61%
Bethlehem
115
29%
15%
60%
10
50
500
100
Case
Mar
1
Mfg
Oil
22%
62%
5
Brothers
Lehigh Coal & Navigation
Lehigh Valley RR
Pennroad Corp
8,000
Tel
Atchison
*
1.50
American
&
49% May
10%
.
10
4%c
American Radiator & Stand San Corp.*
American Smelting & Refining Co
*
Steel
13%
Battery
Corp
4c
4%c
10c
Airlines
American
*
1.30
1
25c
Corp
Allis-Chalmers
Beeing
13% Jun
Co
& Light
Storage
Glmbel
Stocks—
Alleghany
Bendix
20% May
13% Jan
a8%
43%
10c
Zenda Gold Mining Co
Avco
Feb
82%
1
Cons
Armco
10%
Stocks—
Mammoth
Armour
13% Mar
33%
a
33%
*
Western Air Lines Inc
Mining
95
1,328
38%
Pennsylvania Salt Mfg common
Pennsylvania Telephone Corp—
Steel
Universal Consol Oil Co
Black
12 %
15%
13
a 15% a
70
Feb
23%
15%
•
58%
50c
Apr
3% May
153% 155 %
154
13
Co
34%
Corporation
Feb
Range
23%
100
Locomotive
*
Inc
—
19
2%
10% July
Low
*
27%
General Motors
Transamerica
a__
July
15
95
870
Week's
Par
—25
9%
162
500
11
Last
42% May
Calif
3%
47%
Friday
—25
of
Co
Jun
10%
_
Sale Price
30% July
20
Corp
42%
41%
442
Philadelphia Stock Exchange
pfd cl A__25
*
Company
Pacific
Jun
41 %
Jun
29%
10%
14 y2 Mar
1,108
Southern Calif Gas Co 6%
Apr
22%
—
10
__
Southern
25%
10%
22%
*
Jun
13%
—
Feb
a46% a47%
__
12%
(F W)
Apr
30%
-25
Juit
19 %
July
38%
—
3%
a46%
5
Western Union Telegraph Co
Mar
27
preferred-^— —25
32
177
Jun
30%
__
62%
Feb
May
38%
cumulative
4.48%
Feb
a94% a95%
_10
Pictures
Bros
15%
25
_
66% Jun
49%
19%
al37/8 al4%
U S Rubber Company
32%
—25
_
Feb
507
a94%
STOCKS—
Southern Calif Edison Co Ltd
53%
252
Mar
924
—
376
a71
al3%
__
Jun
Jan
a65
10
2,435
27
41%
July
29%
36%
Feb
17
31%
a20% a20%
41%
_1
17%
175
a20%
28
com„»0
new
Air Lines, Inc
Corporation (Del)
40%
14c
a67%
28
com-*
new
17%
14c
a61%
a67%
18
30% Mar
10
a61%
•
39%
17% Mar
al80
Aircraft
Jun
May
Jun
85% July
Feb
ll7/a Mar
386
a34% a34%
__
10
Twentieth-Century-Fox
17%
1
Oil
23%
Feb
15
55
28%
*
Associated Oil Co
39%
B
Signal Petroleum Co of Calif
Solar
Mar
26%
25
Gulf
20% May
20% Jun
—15
Corp
Sierra
Class
5%
85c
400
18%
22
26%
25
Water
al6 al7%
__
I
52%
Finance
Roebuck
Sears
46%
5%
5
Inc
Stores
Seaboard
41%
—1
common
Ryan Aeronautical Company
Safeway
27%
„
*
Corp
Union Carbide & Carbon Co
Republic Petroleum Co
19 %
19%
Jan
34
—10
_
13% May
32% Apr
Feb
25
2.75
•
—
26
Oil
21%
—10
_
11% May
150
Oil Co_
Railway Co
2.65
Pacific
Lighting Corp common
Pacific Western Oil Corp
High
450
12%
Standard
20%
—25
Indemnity Co
Low
12%
12%
a30%
Southern
2.70
—25
preferred
1st preferred
Range Since January 1
High
Apr
20%
—25
1st
5
Shares
a30% a32%
Low
1.75
Corp—
Sales
for Week
70c
—10
_
of Prices
13% May
Stone
Corp common..
Week's
Range
Sale Price
Par
_1
Pacific Finance
6%
16
JULY
High
al4% al4%
1
—
Monday, July 19, 1948
Last
Low
1
Ltd
Aircraft Inc
Petroleum Corp
CHRONICLE
Range Since January 1
High
1
Nordon Corporation
^
Friday
Shares
LOW
al4%
FOR WEEK
T/^Y:
::
'
:
:.
for Week
..1
_
National Mallison Fabrics
.^JfV
.
Sales
Range
of Prices
Sale Price
'
FINANCIAL
OTHER STOCK
RANGE
.•
■^
'.-v.
7
a60
135
8%
Feb
10 Va
•
16%
16%
765
16%
Montgomery Ward & Co Inc
*
58%
58%
315
48%
Feb
Feb
19% Apr
63% May
Nash-Kelvinator
5
19
20
755
15% Mar
19%
659
18%
18%
1,830
2,365
22% May
18% July
13% May
22%
23%
23%
Feb
23% May
40%
40%
40%
200
31% Mar
62%
62%
64%
292
51
42% May
64% Jun
125
15
21% Jun
19%
_1
_*
10
6
—
Loew's
Inc
10
10
Brewing
Falstaff
common—
General Electric common
(Un)
General Motors common (Un)
Griesedieck-Western Brew
Nat
Distillers
New
York
Corp
Prod
Corp
Central
RR
•
American
Aviation
North
American
Co
Northern
Pacific
Ohio
Inc
Company
Rwy Co
.
17
1
12
10
North
al5%
12%
al5% al6%
26%
605
a37%
a37% a40%
379
17
11%
25%
100
223
Feb
12% Mar
9%
Feb
15%
17%
Apr
Feb
26%
Feb
16%
Jan
27 %
Jun
Huttig S & D common.
Hyde Park Brew common
Hydraulic Pressed Brick common
Preferred
Packard
Motor
Pan American
Paramount
*
Car
*
Pennsylvania Railroad Co
Pepsi-Cola Co
Phelps Dodge Corporation
Pullman
Oil
Pure
5
5%
1,627
4%
Feb
10
10
10
385
8%
Feb
40% Jun
5% May
.11% May
1
Inc
5
2.5o
Co
Airways Corp
Pictures
22
22
22
270
18%
Feb
26% May
20
20
21%
960
16%
Feb
21% May
Laclede
13%
14%
North
50
33 %
25
Inc
Company..
*
1,240
13% July
22
Jan
a56% a58%
140
41% Mar
57
a44 a44%
a56%
*
115
48 %
Apr
49 Va
25%
37
37
425
13%
37
14%
851
Feb
44
May
May
May
Corp of America
Radio-Keith-Orpheum
Republic Steel Corp
For
footnotes
see
•
8
Feb
15
Jan
Corp
common_l
•
page
42.
8%
8%
8%
225
31
31%
635
8
Mar.
11
May
22%
Feb
31%
Jun
Shinkle
&
Knapp-Monarch
common
common—
Laclede-Christy common
Laclede
Gas
common
Steel
common
American common
Rice-Stix
2nd
St Louis Pub
Scullin
Radio
50
—
International Shoe common
Johnson-S
Oil
Steel
(Un)_.
preferred
Service class A
common
Sears Roebuck & Co
Stlx-Baer
&
Fuller
Wagner Electric
*5
—4
1
common
common
63
63
2%
910
36
May
40
30
33
Mar
42%
17
17
65
40
17%
355
17
July
24
2%
50
2%
24
41%
-
42%
1
9%
24
42%
10
—
.•«.*
*
—_5
4
20
10
100
Mar
10
9%
16
5%
5%
32
32
17%
17%
128
—
9%
16
6%
125
477
24
.
9%
8
100
430
490
17%
360
20
Jun
40
-15
55
16%
•-
....
7
Jan
Feb
Mar
45%
Jan
12
Jan
10
Apr
17
Jun
4% Mar
6% May
Mar
32% May
14% Mar
126
5
19
May
May
5%
140
19%
200
16
18Q
32%
16%.
16%
750
13
Feb
55
55%
275
48
Feb
Jun
131
Apr
41%
5%
*
5
Jun
Jun
14% Apr
23
July
Mar
19%
*
30
July
39%
50
2%
39% Mar
100
300
33
128
2%
65
Feb
7
19%
Feb
<
Feb
Jun
42% May
17% May
55%
Feb
'J*$3*V
^irJ».JT u*.W;IL?^4.1U^A..'|ILAV4i^i'SA
Volume 168
Number 4717
THE
COMMERCIAL
& FINANCIAL CHRONICLE
(281)
37
OTHER STOCK EXCHANGES
jo
FOR WEEK ENDED JULY
RANGE
y'£
16
jf$$t
Week's
Friday
San
Fpcisso Stock Exchange
Last
Sales
Range
Side Price
STOCKS—
of Prices
for Week
Shares
•
Range Since January 1
•
Friday ?■?:
STOCKS—
Range
Sale Price
of Prices
Par
Aireon
Air
Mfg
Corp
Reduction
Alaska
Co
Juneau
Alleghany
(Un)—_.
Gold
Corp
'
Mine
—L
Low
High
1,000
24%
295
a3%
a3%
50
4
4'/a
900
aS'A
a8M>
75
7%
Jan
10
a3%
a3%
5
2%
Jan
4
11 y8
11%
100
7
15'/2
16'/a
64
64
%
Jun
3 % May
2%
M J &
Inc
Smelting
&
Montgomery Ward & Co
Morrison-Knudsen
1
__
__
(Un)__•
15 Va
(Un)_—.*
Mar
American Tel & Tel Co (Un)—1—100
American Woolen Co (Un)
*
Atlas
Topeka & Santa Fe
Corp (Un)
Atlas
Imperial
Avco
Mfg
Baldwin
Diesel
Corp
%
a37%
20
29 Vz
_5
52 Vz
13 '/8
May
54
a37% a39 %
\.29%
29%
13
13%
5
(Un)
all4% all7%
__
a21%
385 a
16% May
51%
67
Jan
1,631
148 %i Mar
565
37
240
31
155
Feb
1,240
May
55
Mar
N
(Un)
13
530
32'A
11% Mar
213
89 %
Feb
20
15
May
114% May
Feb
24
May
825
6% Mar
9
May
6%
204
4%
7
May
15%
Feb
145
12% May
17%
100
16%
16%
530
10 %
16% July
1
(Un)
6%
6%
250
5
Jtin
298 %
315
40
230
Mar
a 42%
a43
65
Apr
a
al5% al6%
Feb
Jun
RR
North
American
North
Amer
Jan
7%
11
Central
of
California
Barnsdall Oil Co
Bendix
Home
100
(Un)
Aviation
Bendix
N A
Corp
(Un)
—
5
Appliances
Bethlehem Steel
—
5
_
35%
33'/be
(Un)
—
35%
435
40%
6%
Oahu
26%
10
(Un)
(Un)
July
Pacific
Coast
Finance
Jun
38
Pac
Gas
B
Aggregates...
Corp
(Un)
29%
Apr
$5
41%
Jan
Pacific
64%
12%
100
12%
Jun
23% a23%
18
12%
a
14
Jun
24'%
16% Mar
Clorox
1st
Packard
Apr
11
110
9%
Feb
11
37%
40
470
28
Feb
53%
53%
18
52
Feb
53%
16%
18
480
10
Mar
19 % May
a59% a62 %
198
53% Mar
68 % May
a34%
a37
285
33% May
38
1.00
1.05
860
68c
38
38%
901
38
Jun
44%
Jan
a64 a64%
91
54
Mar
65%
Jun
16%
.2.50
10
Feb
Natural
Gas
Co
Continental Motors
Continental
Oil
of
Pan
62%
Jun
$4
Curtis'Fublishir.g
Corp
Co
(Un)__.
com
a26%
a27
70
47
47
230
24%
1,995
10
25
445
a44% a45 %
82
10
10%
10%
a9 %
a64%
5
31%
21/4
Feb
26
Mar
38'% Mar
47%
a9%
380
50
64%
85
10%
a
205
21
Mar
47%
10
7%
49
25
New
49%
JUn
1
Julv
Apr
116%
Co
31%
2,237
34%
Jun
238
91%
Feb
103 %
July
116% 116%
116
103%
Feb
26% Mar
13
July
13%
14
268
12
29'A
29 %
3Q0
25% Mar
16% May
31% Apr
18
34%
Feb
46 %
Jun
200
4%
Feb
5%
1.70
5 Va
5'/a
a42% a43%
20%
20%
160
1,281
39
15%
Mar
43%
Feb
15%
335
40
41 '/a
761
30
Mar
14%
14%
100
12
25
Jan
9%
Jun
Apr
16
Jun
10'A
..10
.2%
—
Republic
1.60
1.85
Apr
3A
15%
30
Jun
21%
10 Vb
11'A
4,831
5 % Mar
11%
34% Mar
46%
7
7
240
40%
926
1
14%
Jan
Jan
Feb
.7% May
31% Ivlar
42% May
5
Golden State Co Ltd common—
Tire
Graham-Paige
Gt
18%
Nor
Ry
non-cum
Hale Bros
Hawaiian
Holly
4%
Stores Inc
36%
100
24
38
19%
2,016
70%
50
a60% a60%
4
44%
4%
12%
16%
20%
1
.
80
18%
4%
.—1
9
_
72
72
30
395
275
20
820
Feb
20%
Jun
Feb
72%
Jan
53
55
Apr
Apr
46% May
39% Mar
3%
40
10%
20%
948
16%
5
1,000
1.60
159
July
15%
16
| 9.
Feb
Jun
66
398
: |
40%
7
Feb
5%
Mar
48 /
Jan
May
13% May
Feb
Mar
19
Jan
Feb
22
Apr
Jan
5%
Jun
Jun
10% May
—_—6.66%
74%
1,952
52%
Feb
78
a20% a20%
Inc.—.
i
Mines Corp (Un)
287
16%
Feb
22%
......20
-independent Exploration
IhteFi
Nickel
Co
2.20
a
33%
33%c
12
Canada
•
a31%
Tel
•
International Tel &
(Un).
(Un)—
IXL.
470*
15% July
19 V;
Mar
2.85
Jun
15%
2.20
2.30
a33% a33%
12
1,115
60
1.90
Apr
31% May
14%
1,390
12
July
a31% a32%
145
25
Mar
175
11% Feb
15%
Mining Co.
Johns-Manville
it/
fD Kaiser-Frazer
it
*
•
i- p
-
Kennecott
fv Kern:
75c
(Un)
Copper
1
Corp
(Un)
10%
S
and
Oil
•
County Land Co
5
May
i5%
35
:
' Jun
17'%
32
W
Fine
Union
Shell
Martin
For
Calculating Machine
(Glen L) Co—
footnotes
see
page
42.
...5
30%
11'/a May
6% July
10% Jan
Jun
35
a33 y2
65
3iy2
Feb
34%
Jun
27 %
29
200
23'A
Feb
32%
Jun
27%
♦
29
34
May
54.
Jan
.
Jun
29
31%
960
22% Feb
31%
♦
Jun
a35% a36%
210
36'A
Apr
40'A
21%
22%
1,313
20'A
Feb
24
42%
42
46%
2,936
15%
Jan
48%
Jun
23
190
15'A
Feb
23'/a
Jun
31%
31%
32%
a36%
21%
(Un)
22'A
*
Oil
Signal
Co
"A"
27% Mar
15
520
15
19%
435
17% Mar
13c
34,200
40
40
549
32%
43%
__
15%
11c
15
11c
15
Gas
&
60
19%
10
Oil
43%
281
30% Mar
July
9c
Jan
Feb
175
175
179
100
122
Feb
27
*
Jan
May
27
29%
1,570
15
Feb
34 Vz May
18% May
21
May
21c
Jun
41% May
46%
180
;
Jun
July
l
3 2'A
•
15
(Un)
Pulp Co
19%
19%
21
955
14%
Feb
23
Jun
5
Oil
Socony-Vacuum
Soundview
(Un)
Corp
Calif Edison Co com
Southern
4.32%
—
31%
32
615
28
Feb
34
May
conv
4.56%
(Un)—•
preferred
preferred
cum
a30% a30%
Jun
175
25% Mar
30%
Jun
24%
25
424
22%. Jan
25
J an
27%
181
24% May
28%
Jan
29
__
24%
27%
25
25
preferred
Southern
California
29'A
250
28%
29'A July
Jun
Gas—
Series A preferred..
r-7'dfchern
Pacific
-25
Co
•
1
Corp
Spiegel Inc common
.2
Standard
Brands
Inc
Standard
Oil Co
of
Standard
Oil
of N J
(Un)
Studebaker
Co
33%
__
102
32'A Mar
34
62%
473
44
22
62% July
30% Jun
Feb
Feb
Jan
30'A 30'A
all% all%
68
72'/a
1,602
54%
Jan
73
758
69%
Feb
90%
16%
Feb
28% May
18% 18%
a34% a34%
255
15
Mar
16% Jun
21^ Mar
25
32
Mar
36'A
Jan
Feb
66%
t
Jun
230
Kv,;.
Jun
86'A
28 %
al6% al6%
68%
287
86'A
—
540
a27% a28%
30'A
a27%
•
34
61'A
33%
.
•
Calif
(Un)
25
(Un)
Corp
Sunset McKee Co
—1
(Un)
10
Super Mold Corp
Swift
&
Co
Texas
10
Company
(Un)
Jun
50
Title
Guaranty
pfd
Carbide
Union
Oil
&
Aircraft
United Air
West Air
Carbon
Calif
of
Co
9'/a
Feb
13% May
Feb
24
29
Jun
65
379
29
28%
31
233
12%
85
12
85
13
189
al3% al3%
5
—
—
.
36
United
16%
Corp
S Steel
Universal
of
Del
Oil
Feb
32%
Jun
85
10%
Feb
13%
13% July
41
July
Jun
92c
1,098
38 'A
169
21%
Feb
38% July
a29% a29%
25
23'A
Feb
30'/a May
14%
14%
502
14% July
3%
3%
210
2% Mar
81'A
81'A
45'/a
462
68% Mar
82% July
45%
201
42
Jun
45'A July
2.90
2.90
ioo
2% Mar
11
26'A
11 %
760
7%
—
__
—
._
May
—1
—20
5
42%
Jun
Wells Fargo
Feb
15
Jan
(Un)
Westates Petroleum com
10'/a
10'A
10'/a
25 %
10'A
.100
—
284%
10
1
1.10
1.00
10,554
__
71
1,220
24
Feb
Jun
10'A July
Jun
Feb
59 %»
230
43
Feb
59"% July
46%
48%
683
45
Jun
51
Apr
Preferred
West
Indies
8%
Feb
10%
Feb
24 %
Jun
16
Jan
20
Bank & U T
!
(Un)__
1
(Un)—
1
1
Sugar
Lines
Inc
(Un)
—
—
a8%
285
1.25
7
8%
a23% a23%
a8% a8%
275
Apr
31c
Mar
19
Apr
3% May
3'/2 Jan
11%
32%
14
301
1.80
Jun
Jan
May
Jan
Jun
Feb
10
Jun
24% May
5,784
4%
50
19%
Feb
112
7%
Apr
10'A May
16
Mar
22% May
Mar
24% May
Apr
14
Air
42% July
42%
—5
Co
Pictures
Bros
,&i
21'A Mar
35
10
.—.
Victor
Equipment Co
Waialua
Agricultural
Jun
Jan
41%
1
(Un)
.
July
35
—81'A
new
19%
82
41%
5
(Un)
Co
52%
Feb
—•
10
—
Corp common
Consol
Utah-Idaho Sugar
15%
—.25
(Un)
com
Inc
6
65
5
(Un)
Corp
Lines
—
*
2
(Un)
____
Transcontinental &
United
—
—
—25
Oil com.;
Co
Corp
Union
28'A
—
10
(Un)
Tide Water Ass'd
Transamerica
—
,—25
Jan
17
590
a37%
a38
95
16%
1
Feb
Feb
*
8%
16%
a37%
7Va
22i/2
1
Sears, Roebuck & Co
60c
225
♦
225
190
5
34%
a22% a22%
•
8%
230
P 10
50
200
1
....
15
8'/2
134
10
Inc
4,085
50
Marchant
>3:
Foods
'80c
alO al0%
common
42'A May
Feb
32
1
Mining
10%
7
H)
Feb
8
6%
1
a3d%
10
Libby McNeill & Libby
Macy & Co (R
Magnavox Co
26'A
1,443
Jun
37%
*
75c
Lockheed Aircraft Corp
Xoew'8 - Inc (Un)
1,7
320
14'/2
Jun
59%
46%
36%
56%
32
Corp
Mauricio
Western
%-
27 % July
49*/2 May
Feb
37
Petroleum Co
a38 %
-
Corp
Corp
July
44'/a July
6%
Manufacturing Co
Warner
'
27
165
Jun
15%
1
f' Idaho Power Co—
36%
330
a 33y2
Safeway Stores Inc
U
Idaho Mary
i
*
255
27%
44'/a
Jun
Jun
16%
Oil Corp
Foods
64%
22%
12%
Hudson Motor Car Co.
Hunt
Mar
17% July
a46% a46%
Pineapple Co Ltd
Development
(Un)
Feb
51
230
44%.
1
-IIIII3
Holly Oil Co
Honolulu
a60%
(Un)
pfd (Un)
Greyhound Corp
35
875
18
70
.100
Motors
a38% a3$%
62%
63%
36%
_»
55I/2
Jun
3,800
1.05
17%
62%
*
58% July
13%
—,
Riverside Cement Co class A
Jun
50
40%
.10
75% Jun
36%
—
./I
18% May
Feb
100
...
common
Roos Bros
Sherry
*
Feb
1
...
Incorp
Preferred
14% July
a40% a40%
__1
Feb
10
55%
Jun
42%
Feb
15%
_20
41
58%'
*
Preferred
Apr
a47% a47%
Mar
15%
.—1
-i
Jan
128% May
31%
11% July
—
:?M
May
27
36%
1
Republic Steel Corp (Un)
Reynolds Tobacco "B" (Un)
Feb
40
liy* May
44'/a
27
*
(Un)
com
Rheem
Feb
20
8% Mar
■%<
5% May
Equipment & Realty—
Jan
7%
a42 Vb
Orpheum
(Un)
Jun
4%
...
160
Feb
50
551/a
__
•
Corp of America
Jun
1,635
5Va
.
4%
32
16
*
(Un)
Oil
13
25,580
*
Goodyear
Jun
May
16
58%
*
*
10%
13
(Un).
(Un).
Jun
61
a75% a75%
25
P100
(Un)
63%
11%
13%
alO'/a al0%
*
Inc
Jan
8%
5
(Un)
Feb
9% May
11%
Co com
& Rubber
2,705
May
16% Mar
11%
F)
5'A
5
*
(Un)-
common
4.48%
(B
Feb
Common
Jun
12%
preferred
49
16
26
104%
280
Jun
102% 103%
*
♦
4%
35
*
Phelps Dodge Corp (Un)
Philippine Long Dist Tel Co
Phillips Petroleum Co
Puget Sound Pulp & Timber
Radio Keith
-5
Goodrich
a55% a55%
10
Feb
22
Railway
3%
1
Corp cum pfd
Gladding McBean & Co
Feb
12%
Jun
3% May
28% May
50
3%
26%
1
General Paint
90
13%
27 % May
(Un)
22% Mar
314
756
221/4 Mar
a25% a25%
3%
a
*
Co
275
98% 100%
Jun
14
Radio
Corp (Un)
General Motors Corp
25%
100
common
15%
25 %
98%
Jun
52
14
Pure
com
473
15%
25%
104
-33%
14% July
Corp
'
•
101% May
20% Jan
Pepsi Cola Co
20 % July
5
Food
490
22 ;■'« May
Feb
1
General Electric
15
46
45%
Feb
Apr
—5
General
104
55% July
17
10%
(Un)
Kleiser
104
45%
Mar
510
17%
*
&
47
21%
185
.10
Foster
774
20%
Sinclair Oil
H
55%
20%
July
(Un)
Machinery
55
50
275
-10
Food
27% July
28
14'%
(Un)
Radio
260
26'A May
20 %
*
&
Jan
28%
Feb
13%
62% July
Feb
Co
Tele
29%
28%
Feb
20 %
Il5
Farnsworth
Apr
18%
Pullman
*
:"W-
Apr
31%
33
22
20% July
(Un)__ 15
Eureka Corp Ltd
Ewa Plantation Co
Jan
35%
29% Mar
475
25
(Un)__*
■fm
36%
Mar
50
1,112
Rayonier
com
30% Mar
733
22%
13% Mar
1
Giorgio Fruit Corp class A
3,437
34%
27'A
San
Di
34%
a31% a31%
34%
a31%
|;
Jun
26
20 % Mar
Corp
Curtiss-Wright
33%
34%
34 Vs
21%
22'/a
32%
A.—*
z
15'A Mar
26
395
*
Corp common
preferred
preferred
110
22 Vb
660
*
2nd
20% a21%
a
_•
Richfield
Zellerbach
$4.20
6% May
—IIIi
207
62%
*
Crown
Feb
Companies common
(Un)....
Pennsylvania RR Co (Un)
25
common.
(Del)
4%
(Un)._ 10
com
com
American Airways
s
(Un)
Co
Amer Inc
1,510
•
common
Paramount Pictures
20%
Consolio'ated Vultes Aircraft
Creameries
Apr
6
1.50 May
Apr
#i
Consolidated
Jan
9 Va
5%
*
Oil
Motor
25
25
Consolidated Edison Co of N Y
lO'A
Feb
—25
Service
Western
20
class
July
40 % July
37%
:
6%
-20
Ind
6
7
*
Public
Apr
3"%
common-
Chemical
25
100
25
Corp
preferred
Tel, & Tel
Picific
1,993
-3%
Consolidated
11
6
9%
25
Portland Cement
Jun
6%
—25
(Un)
17%
6
25
com
preferred
Pacific
Jun
a34%
Southern
Jun
Jun
1
Edison
30
9%
.10
pfd
Lighting
Feb
Chesaneake & Ohio Ry (Un)
Chrysler Corp
Cities Service Co (Un)
Commonwealth
35
20
1st preferred
1st preferred
Jan
•
Commonwealth &
Jun
11%
11%
5
(Un)__
Electric
&
1st
Jun
23
a 60%
Columbia Gas System Inc (Un)
Commercial Solvents (Un)
July
27
May
41%
Celanese Corp of America
0M
69
Feb
14'A May
64%
Co
Preferred
July
Feb
17%
5
Co
Co
Paraffine
Co
87
32%
245
Feb
40
25
Chemical
Mar
1,792
10%
170
50
Colorado Fuel & Iron
73
69
39 U
115
Canadian
Co
Jun
13%
25
*
Mining
17
13%
a44
Calif Packing Corp common
Preferred
Eureka
a24%
20
Filters class
Sugar
Can
25
11
Central
50
Jun
Feb
13 '/a
Onomea
a65% a65%
*
Tractor
87
65
17
15
a24% a26%
66
100
&
Feb
*
Oliver United
a43%
California Art Tile class A
Caterpillar
485
18% July
13% May
15
/f
25
5%
(Un)
16
Jan
0;
Pacific
10
Railway
16
16
Feb
Jan
Jun
*
Pacific
70
22% May
12%
8 'A
58c
Apr
41% Jun
a43%
2%
—
100
15%
18% Mar
Feb
5
5
Co
al5%al6%
87
a
Jan
Feb
15
Cement
245
9
27%
Pacific
M"
Calaveras
1,200
Jun
13 ya July
39c
42
Feb
390
18%
12'A
Mar
23
4%
3
19%
17
12
19%
Feb
6
1,050
Pacific
Itti
17
8%
•
54c
57c
2,760
(Un)
100
38%
Jun
4
Sullivan
350
7
.
21%
50c
30
3%
&
13
Feb
38%
6%
3%
Hill
12%
19%
5%%
1
Broadway Dept Store
Jun
IS'/a May
50c
Jun
Blair
Bunker
20
14%
•
(Un)
360
Feb
(Un)
JUn
38%
19% Mar
6%
...
65
•
37%
6,929
Corp
48'/a Mar
550
7
May
272
470
12%
Jun
51c
5,600
1
Co
Oil
16% May
25
Jun
36c
Ohio
30% Mar
21%
(Un)
34c
3% Mar
39c
a58%
18%
...1
(Un)..10
Cons..
Ltd
Mar
34% Jan
.
Occidental Petroleum
50
22
Borden Co
18c
20%
(Un)
Railway
Co
Jan
18
(Un>.........
common
Oil
Mar
1.15
19%
—100
Jun
7%
Feb
Co
Pacific
Sugar
290
2
Borg-Warner
a57
1
Aviation
American
Northern
16%
a
a36%
Holdings Corp (Un)
Boeing Airplane Co (Un)__
33c
35c
.....I
preferred
North
a36% a37%
al6%
*
Bishop Oil Co
*■'
30c
31
5
Investment com.—.
Pacific
Bank
553
a57
(Un)
American
40% May
28% May
Y
North
May
7
a21%a22'A
7
3
Baltimore & Ohio RR
2.55
37% Jan
-10
National City Lines
National Distillers Prod
Jun
6'A
2.50
Bandini Petroleum
2.40
.lOo
...
11% Jun
26.5
;..
Feb
12% Mar
,
(Un)_100
Engine
Locomotive
153% .154%
52
—5o
.
Atchison
70
High
13% Mar
1,403
2.40
(Un).
Co
Low
15
...1
Nash-Kelvinator Corp (Un)
National Auto Fibres...
'
Anaconda Copper Mining (Un)
Anglo California National Bank
Armour & Co (111.) (Un)
14%
a32% a33%
a32%
—.1
M & M Cons
High
'
(Un)
Refining
(Un).
Co.
Low
"14%
—18
(Un)
Mindanao Mother Lode.—.....
4% May
4% May:
Feb
•
(Un)
Robbins Inc
&
Menasco Mfg
Jan
26% May
23% Mar
Navigation Co
McKesson
High
1%
•&
__
Foreign Power (Un)_____*
Power & Light (Un).'
*
American Rad & Stand Sanit'y
Amer
Matson
Range Since January 1
24'/a
__
1
'l 'rx'-
,
■■
Shares
%
__
&
American
for Week
'
Airlines
American
%
Co——'—.10
(Un)
•
American
Low
——50c
!•_—-*
Par
Sales
Week's
Last
16%
323
30%
30%
165
24
17
17
355
17
37% July.
16% July
Dept Stores
:
—-50c
Western Union Telegraph cl A (Un)—0
Westinghouse Elec Corp (Un)
12%
Willys-Overland Motors (Un)
1
Woolworth (F W)
(Un)
:
10
Mar
31
Yellow
July
19 VA
32% Mar
9%
Western
Feb
May
May
Jun
Cab
Preferred
Co
common.
....
—
1
25
16'
—
...
—
—
9%
—
18
19
22% 22%
29% 30%
all% all%
47 48'/a
703
125
19
710
25%
Feb
10
8'/a
Feb
763
9%
9%
500
25%
25 %
20
33 Va
Jun
11% May
May
49
Jun
8'A Mar
11
Jan
27%
Feb
46
24
.
May
•
38
(282)
THE
COMMERCIAL
CANADIAN
RANGE
Montreal Stock
&
FINANCIAL
LISTED
FOR
CHRONICLE
MARKETS
WEEK ENDED JULY J6
Friday
Exchange
Friday
Week's
Last
'
Par
Abitibi
Power
$1.50
&
Paper
17%
Argus
4%.%
Assoc
I
£
1,535
17%'Mar
37Va
50
36% Mar
39
19
19
60
1.6%
Feb
10%
10 J/4
25
Jan
101% July
49
51
1,830
Ltd
&
57
4%%
•
&
&
Oil
$1.30
:
preferred
21%
pfd
24%
61
17% Mar
Feb
Jan
2% Mar
337
3VB
3
3%
2,475
24%
27
99%
99%
50
31
31
34
1,825
35
35
35
275
20 %
21
600
28%
29%
850
100
20
98
12%
99% July
May
Feb
36
20%
Feb
35
May
14% Mar
22-
May
27
29% July
101%
St
common
Foreign
12%
37
136
35%,Mar
42
193/4
20%
3,244
17% Mar
23%
592
11
common
104
13%
44
75
88%
25
15
104
20
13%
210
88%
90
7#
sJun
Alcohol
class
A
13
•
B
13
2
31
135
12%
13%
104
Feb
90
13
Apr
'
910
10
12
•
Jan
36
Glass
Mar
12%
123/4
105
10
25%
26 %
385
20% Mar
30
18%
20%
9,227
12% Mar
15%
16
1,135
10
—5
115%
115% 117%
1,532
91% Mar
*
37
;
35%
•
19%
37%
200
32
35%
37
55
33
Jan
31
406
27
435
16
5 Feb
-35
24%
24%
24%
26
24
JMly
trust,
*
27
27%
110
*
23
35
125
30
34
35
440
32%
I...
16%
16%
17%
3,510
26
26
110
26%
26%
50
23
400
20
12%
1,880
11
■47
98
12%
102
14
Feb
13 y2
May
29
55
I6V4 Mar
15%
4%
15%
100
14 5/8 Mar
23
35
213/4
23
16%
16%
163/4
911
•
150
25%
Jun
pfd
inc
1927_.
18%
Mar
35
102
110
10
107%
2%
.16
-50
110
24%
•
CO
16
20
3
385
16%
138
14
Apr
Apr
108
110
4
17%
52%
51%
45
50
Jan
.163%
525
13
Mar
9%
100
145
100
10
6%
100
34%
185
30
H
250
44
51
1,045
1.40
17
16
Feb
45
July
11
Feb
17
May
63 %
63%
65%
935
54% Mar
68
Jan
100
100
35
93 Va Mar
100
July
12
12
5
17
18
165
__
—
17
11 %
1-8%
300
j
'
10%
13%
Feb
18
15 % Mar
I:
Jan
»
11 %
11%
110
10 % Mar
16 %
Jan
44
70
35% Mar
46
Jan
30%
--
100
h
July
44
♦
30%
5
28
31% July
109
Jun
131 "2
133
31
•
22%
22%
23 %
1,629
20% Mar
23 Va
50
43
48
48
810
44% Mar
48
2534
25%
75
27
'
!
July
Apr
com
134
Mar
July
Jun
9%
Montreal
3%
•
»
5
3
preferred
25
£.
__
I.t-d'Ci-----
_•
common
*
MacMlllan Export class A
Class B
,
595
12
25%
230
24% Mar
46
1,716
87
25
10%
150
14
Mar
1.45
1.95
29%
14
"
——
For footnotes see page 42.
Feb
Jun
65
16%
Feb
1__
7
:
Feb
.
101%
89
Jun
97
Jan
360
67
Jan
80
Apr
t
80%
80 %
10.
72
Mar
82
Jun
I,
21
21
70
21
Jan
22
Jun
55
101
Feb
101
Feb
69% Mar
96
Jun
'21
101
•
i
94
180
28%
1,560
25
,.
Mar
24
31% May
28
May
25
25%
245
100
100
25
99
Mar
100
18
18
18
50
18
July
21
Jap
;•
27%
26 V4
28
2,793
1. -100
98
97
98
22
21 %
21%
___100
I
common
:
>
101
-93
26:,4
common
•-
101
93
26%
--
•'
22% Mar
Jan
20%
Feb
28
July
96
Jan
98
Apr
20'
Jun
21% Jan
"
-10
..7
I
20
.10
.10
20
240
22%
1,875
40
7___
1
\
Light
Heat
&
24%
--
21*/. July
23
Jan
Steel
■
Belgium
British
Jan
Canada
Jan
Canada
Mar
27
30
95
Mar
106
17,108
.11
Mar
16%
Jun
49
95
39
Mar
53
Jun
13
13%
325
Canada
13%
24%
25
2,775
29
200
160
5
—
20
20
240
14%
14%
14 %
50
11% Mar
27
Feb
-159
Feb
16% Mar-
:
;
1.
Shares
Range Since January 1
High
Low
12%
325
9
530
10
Mar
4%
100
4
"Jun
4
High
Jan
12%
4%
B
Mar
•
class
5%
5%
50
*
9%
8%
9%
5,470
.20
17
17
17
*430
40c
40c
40c
300
com
...
a'.
&
Distillers
of
*
Vancoiiv Ltd_5
Packers
Ltd
13% 43%
cl
7%
16
40c
!.
i
Hosiery
Co
7%
100
115
115
115
35
4%
5,957
1
4 Va
4%
_100
108%
108%
12%
Jun
13% Jun
5%
Apr
6V2
Jan
9%
Jan
Jan
17
Apr
Mar
Feb
1.00
Jan
16%
1
13
♦
19
Jun
4% Mar
74
Feb
Jan
78% Mar
100
25
13%
-
30
7%-May
134% May
3% Mar
845
; 30
350
11%
6%
Feb
113
30
Ltd._i.__
137/a
25
7'/4
com.'
—
A
& Dominion Sugar.
Malting Cbsv!i
i.J.
Vinegars Ltd.:/!—-™
Fairbanks-Morse
•
Jan
115
Jun
.30
July
May
14% May
Juii
19
*
15%
Feb
20 %
140
44
Apr
50
Jan
13
55
10% Mar
13
July
36
36%
40
34
36% July
12% Jun
36
*
200
47%
13
Co
19
47 %
*■
Canadisin Food' rPrdducts^Ltd'.'comi._
Gen Thvestments Ltd.-—
Canadianlndustrieacommpni..^-—
7% preferred'
Canadian Ingenol Rclnd Co Ltd
•11
May
11
11;
75
17
_
17'
146
14
23
405
19% Mar
22%
22%
Jan
Canadian Mafconl CO—i—
Jan
Canadian
Pow
ft
Canadian
Silk
Products class
"21% May
17%
8% Mar
Feb
'
Juri
18
24% Jan
30
Jan
25
July
620
14 % Mar
16
Apr
100
13
22
Canadian
f;
■
■■
12
Jan
13
July
Catelli
1,475
9
Feb
;11
July
Claude
•
Western
h:
Food
■"
Lumber
4%
8
850
5
16
1
Mar
23
6,774
14%
14%
145/a
1,022
83
83
2
76
Feb
19%
20%
425
16
0 Feb
37
37
25
34
Feb
(Mar
9% Mar
Neon
Products
General
Ltd
Adv
*135
Jan
175
Coiiiii. —2
4%
.Jan.|
1.45
24
60
40,
30
30
4%.-
Feb
22
3,225
3
Mar.,
3%
Feb
25
43
28%
26
2
,28%.
July
.Jan
d
167
.
Jun
Jun
4% May
Apr
'>
com_'_4.
r
2% May
Mar
20%
130
May'
434: Jun
1.50 Mar
161
4%
75'
Mar
323
40,
••
2
Jan
600
IfiO
40
Feb
30
11% Mar
May
13%; Jan
25c
25c
30
30c
50c
$2
common.
52
30
46 %
12
.
com
ioo
Commercial
Mar
21% May
38
4%'
'
61%
12%
325
Apr
52
Apr
?
Jari
July
July
16% May
83
162
75
2%:^
:
24
8% May
23
5
74*'
-
.
2%
A_
/'•*
u.
170
74
.1
.1.-—
Paper Inv Ltd com.*
Chatco Steel Products Ltd
8
170
J
Ltd com_;__._____/;*
100
preferrcdr._!i:J
L_i—
Jan
25
■
74
Apr
15
10%
-170
•
•
Canadian International Inv Trust com.*'
14-
25
12
-
32%
160
>
15
10%
—
Sales
for Week
12
Canadian Vlckers,
.13% Mar
21%
•
Jan
Jun
160
20
50
12%
Canadiah
•
10% Mar
21%
•
Jan
July
47
283/4
—
Range,
AlPohols
Ltd
common.
.
*•
.5
8fo preferred.
—,
Consolidated Bakeries■;pt Canada?;LI d.%
—
Consolidated
Div
Standard
Sec
6%
63/8
v:
A_.
13
6%
8%
8%
r.
-
13%;
60c
45c
45c
3%
1,480
8%-.
13
310
:
75
6%
*13
59
35c
Feb
Apr
6% Jun
:
8%
Preferred
#
—
16 f
i*
16
?
;
16/
a
16
Jun
May
15%
Jan
Mar
60c
July
'
May
Jun;
'
16%
%
Jan
Jah
Jan
106
13
Feb
.38
12%
Hosiery Co
Columbia
July
106
—
25%
Mar
12%
& Paper class
Glove--&
Butterfly
Jun
__
37%
23% Mar
35
50
of Prices
Low
^
preferred
Brand & Milieu Ltd
Jun
J
50
Week's
Sale Price
Limited
Bathurst Power
13
70%
14 s/8
50
—
Auto Fabrics Products class B
46
Mar
13%
20
•
•
Feb
f
,
" f8 i
Jan
28
Mar
35
4,961
35
Va.
Feb
Power—
Glove Works Ltd
92
46
__
90
24 Va
35
'
25
3,925
»
f
1949
Acme
Feb
2,390
•
36%
24
•
26%
36'%
36%
40
_
26%
,
Par
25% May
67%
13%
i
5
79
pfd^.i
65
13%
!
90
Last
Feb
21
r.
Jup
8% May
53/e Mar
1,005
i '<>
Jpn
May
78
—
100
_L
common
65%
25
i
20
1!)'%
7
•
,& Worts..
Burns &:Co $1
39%
•
t.
Jun
May
21
90
•
Brown Company
j
Preferred
29 s/8 Mar
—
•
Apr
17%
78
~26
*_
Jan
2,171
*
(Robert)
98
65
7
*
common.
notes-—
May
9%
•
Oil
21
25
100
i.———
Jun
37
*
(J S)
325
101
19%
19%
i*
STOCKS—
19% May
July
Jan
86
'
25% July
25%
19%
—
_*
Brewers
•
Molson Breweries Ltd
25
101
_■»
Brit Colum Pulp & Paper Co'Ltd
;.
McColl-Frontenac
•
16V2
16
Canadian Funds
May
23%
•
v
155
Montreal Curb Market
Jan
35%
•
*
1
Mar
11% Mar
Jun
23%
—
•
A)
Feb
12
495
100
July
Jun
7,589
86
100
(John
144
875
15y8
'
common-
Co___
May
53%
•
corn..,
10
16%
TTT"
May
—
Ltd
155
16
.10
Canadian
15
common
155
15%
.
'
BONDS—
Jan
35%
—
Mar
16
<*
49
115,815
10%
__
22
15%
_
•
35
Jan
1.60
44%
~25
43%
16%
44%
100
common..
Serv
com—'
Jan
13%'
25
preferred
Woods
Canada
100"
1.35
25%
common
;
Feb
13%
•
•
Coip class A
preferred'
& Sons Ltd
;■
if
Jun
37
3,545
50
Feb
23%
49
50
25
International Utilities Corp
Mitchell
Jan
785
17
•
com
Mar
33%
48%
16%
-
International Petroleum Co Ltd
International Power *.
Mitchell
II
com
Jan
-48%
•
_
6%;: preferred
Massey-Harris
26
45
*
Royal
Jan
Feb
50
_50
International Nickel of Canada
,
25
15%
;•
Jan
2% Mar
33%
prefererd
Lindsay (C W)
i
Apr
Jan
16%
8%
100
——T_
Bros
li
Jun
Jun
135
10
39
149
44%
-ir—.'
Jan
Feb
51%
—
preferred..
Paoer
of
'
•Commerce
5 %
4%% preferred
International Bronze
Iewic
135
Feb
29
65
25
Friday
19
10
105 105%
„
Ltd™
Secord
38
16%
18% May
50
--
common—.
Rights;
Legare 6%
Jun
44 %
100
Atlas
-
.j.Laura
x
•
July
15% Mar
„
Imperial Tobacco of Canada common.5
i":
37%
135
18% May
22
Smith Paper common
Aecen
<
Jun
42
•
19% May
15%
23
'
$2 preferred
Hudson Bay Mining &
.Smelting—
Lang
168
Jan
25
May
pfd——__25
Gypsum Lime ft Alabastine—
Public
Jan
162%
Jan
Jan
19
common
Hamilton Bridge
Holt Renfrew
7%
i
28% Mnv
I
37%
100
May
105
27%
preferred
the
/
243/4 Mar
330
•
common
...
27% May
22% July
18%.
10Q
of
>
Banks—.
19% May
27% May
22% Mar
27%
100
7%
Apr
Canadienne
Jun
i
4.16%
General Bakeries Ltd
General Steel Wares
,
Jun
103
certificates
(Geo)
Jun
18%
5%%
Lake
21
Jun
Montreal
27%
5%" preferred
Jamaica
Feb
1013%
•Nova Scotia
20
A preferred
19
$4.00
153%
11
»
Gbpderham
38
Feb
102 102 %
12%
100
pfd_
23%
International
155
——
—
___..___'__100
trust
35
Feb
22
.19
.
Jan
May
r,
*
prefeired
Williams
Jan
.
»
(T ,H)
'
52
19%
preferred
'
Jan
28
Mar
22%
22%
•
23%
'V,
.
«
23%
*•„
Power
Ind'^itfjai
\
•
*
4%
25 %
Mar
39%
Corp Ltd
4%
Tor on to,'
*
'
7 5%
j
common—
Corp
Oil
May
43
_•
Winnipeg glectrlc
Jun
26
/
Jan
34
25
Gatineau
Imnerial
21%
Feb
Famous Players Canada
Corp—
Foundation Co of Canada
■
22% May
33% May
I*eb
34%
___
*
Textile
Hddy Paper Co class
>,
16% Mar
I'll
certificates
preferred
1,995
f
20
Donnacona Paper 4%%
:!
23
608
.
7% preferred
Howard
125
49 %
101% 1013%
Wilsils Ltd
.
Feb
21
.
Dominion Steel & Coal class
B__,
Dominion Tar ,ft Chemical common
•
24
49
I100
Biscuit!rcommon
Weston
37% May
20%
Goodyear Tire
24
-yVi\
{ 4%%'. preferred™—
Jun
38%. Jan
30
Estabrooks
May
common
_J—2
r'
preferred
Walker
Jun
Mar
20%
,
Dominion Foundries & Steel
Dominion Glass common
v
16
121%
Mar
-
19%
Electrolux
26
10
5% preferred
Wabassd Cotton !■■■'' ■"
,
Feb
30
Dryden Paper
Mar
280
,'
21% May
16
Bridge
)'
18
41
—
14% May
13% Apr
19
20%
1
290
168
Steel Co. of Canada
preferred
'
May
26
—
Mining & Smelting.
5%
Viau
Mar
*
'
24%
-if
-25
,.l'
24
Jan
168
Standard Chemical common__i
Jun
18 % May
11% July
26% Mar
\
Red
Jun
45
40a/4
Southern Canada Power
x
preferred
Dominion Dairies 5% pfd
.
f
Apr
13
of Canada
Southam Press
•
July
39%
»
Dominion Coal
"
1
45%
103% Mar
41
Simon (H)( & Sons
Simpsons 4%% pfd
Jun
18%, Jun
25
Railway.;...
Plow
Dominion
Mar
413% Mar
100
preferred
Voting
'
July
15
35 % Mar
195
11%
12%
*
Distillers Seagrams
»'
37
130
150
25%
Power
Sicks breweries
Jan
,44% May
Mar
58
75
11%
-
15
730
39%
Feb
Apr
9% Mar
645
18
30%
>
Crown Cork & Seal Co
t
A
Sherwin
t
r
1,058
44
12%
25%
A preferred
Lawrence Flour Mills
Jan
14% May
101
13%
39%
Investment
Pacific
Mar
34
17%
•
Canadian Locomotive
!
38%
38
123/a
25%
preferred
Lawrence
Series
•
■i
Voting
July
•
Paper; 6% pfd^
Shawlnigan Water & Power
(
12%
•44
*
$1,75 :series (i/i.
•Canadian Converters class A pfd
x
Class. B
i
if
24
common
Bt Lawrence
:
100
_
,':M-
f*
Feb
49 %
Class
July
28%
■
*
20
Dominion
22
III*
Quebec Power
Feb
100
21
37
••
...
...
Canadian Celanese
%
800
43 %
Price Bros & Co Ltd common.
St
Mar
50
common
preferred
Consumers
24
>
3 %
Jan
100
•*
-
Class A
Cockshutt
24
,
.common)
—
•
Consolidated
»-
dun
■
Canadian Car & Foundry
•
i
41
i
Apr
•
4% preferred
Provincial Transport
Apr
r
30
'*
2% Mar
•
-
$.$.•<$,•!''■
\ Canadian
25
Feb
6%
% May
230
38
Rwys__
-:n
Power Corp
4% May
3,000
100
Jun
24
810
3%
&
.••'
*
17%
39 Va
12%
Placer Development
Powell River Co
May
27 % May
26%
H
'
i
43%
Page-Hersey Tubes
22% May
Feb
,•
Canadian Breweries
Ind
174%
20 %
26%
L
Feb
18
1
preferred
7
40
Mar
24
■
5%
>'•
Jan
690
26
20 %
Ottawa
Jan
22
Mar
3%
;•
Jan
(■
Feb
14
_•
Mills
preferred
Ottawa Electric
Penmans
17
26%
100
preferred
Class
80
Corp
Weaving
7%
29% May
68 % July
Jan
160
26
100
Canadian
Mar
24 % Mar
1,308
3%
100
7%
(\
High
38
•
Noranda Mines Ltd
Ogllvie Flour
Low
10
250
5
pfd
Car
Wire
High
38%
17
25
~
i«
Range Since January 1
38%
*
common
I?
•
Shares
38%
NT
__
Co
Steel
Niagara
Feb
49
Jun
639
20
26%
common
V
Apr
70
373
•
preferred
Canadian
21%
24%
Jun
25%
5% Mar
25
25
Products
Canadian Bronze
515
68%
24 V4
65%
Feb
46%
1
168 169%
Feb
24
National
CO cc
100
National Drug & Chemical
Api
43
435
_•
Corp Class A
jCanada .Steamship
V'tX
75
27%
*
Power
f
5%
75
19 %
56%
Paint
Low
25
Works
Tramways
National Breweries
1% preferred
Apr
33 % Mar
660
26%
•
Safeway Ltd 4%% pfd
'■>
■
168
19%
B
Canada
>
21
*
common
7
68%
•
Power
6%"'
?■
26%
*
Paper class A
Light
Canada Cement
;
!>;
6%
100
conVi
Col
Building
•.
50
100
British Rubber .of Can 5%
Bruck Mills
:f
46%
•
Trac
3%%
V/ Class
£
390
46 %
100
563
25%
Teleg preferred
American
British
61
25%
common-!;
British Columbia Forest Products
;
57
25%
.50
pid.
Telephone
Brazilian
v
49
-25
pfd_
4%
Murphy
19% May
Corp
Tel
British
i
Co
Bathurst Power
Bell
Can
preferred
Asbestos
••
12% Mar
20%
'
of
Tel
Corp
3,047
•
Aluminium Ltd
»
Higrt
37%
100
Locomotive
Montreal
Low
*
_
Can
Range Since January 1
20'/4
Algoma Steel
Co
Montreal
—20
Acadia-Atlantic Sugar class A
5%
preferred
Anglo
Shares
19% May
21% May
"_"20
preferred
Aluminum
.17%
High
18%
20%
common.
preferred
$2.50
Low
of Prices
Par
Montreal Cottons preferred
for Week
of Prices
4
Sales
for Week
Range
Sale Price
Sales
Range
Sale Price
Week's
Last
STOCKS—
Canadian Funds
STOCKS—
Monday, July 19, 1948
?
Volume
Number 4717
168
THE
COMMERCIAL & FINANCIAL
CHRONICLE
CANADIAN
LISTED
Last
STOCKS—
Sale Price
Par
Consolidated
Paper
Consolidated
5%
Cub
Corp
Ltd
Eastern
Malting
Mills
com—*
Ltd
11,725
24
24%
175
17%
*
Co
Fleet
10
100
42
105
20
24
24
10
Worsteds
Co
(A
Ltd
6%%
Co
Ltd
33%
Mar
%
24
Acadia-Atlantic class
Mar
23% May
Jan
8%
9
230
6% Mar
42
42
100
36% Mar
95
2%
95
2
80
%
805
95
Akaitcho
49
Jan
May
3%
24%
&
25%
60%
90
98
90
July
18%
19
16
Feb
42'/a
42%
41
Jan
45
Ltd—100
class
A
Ltd
75
*
cl
Feb
17
13%
Maple Leaf Milling Co Ltd
43
13%
Anglo
May
Jan
19
May
14 %
May
preferred
McColl-Frontenac Oil 4 <7
Ontario
Montreal
Island
&
1st
25
Mar
30
May
93
Feb
99
July
Ashdown
12%
Feb
13%
pfd
10
12%
Co__„.
Orange
Paul
Crush
Service
Ltd
25%
com
Mills
Reitmans
*
:
Ltd
(Can)
*
_—
1st
pfd—100
Invest
Ci
(J
Windsor
Mines
Aubelle
Metals
5,025
Bank
17
17
125
16
May
18
Jan
Bank "of
17%
18
920
13%
Feb
20
July
20
pfd
.110
40c
18
Feb
111
40c
18
40c
4%
Jan
115
__
100
18
Ltd
18
12%
Apr
8%
Beaulieu
12
Jun
4%c
Gold
Ltd—
1,003
8c
7c
53.500
12c
Mar
24c
May
7,000
5c
Mar
7c
Jan
5c
11c
6,500
17c
Ltd..
7%c
25,500
1,000
2,800
1.12
Ltd
5%c
Mines
Ltd
Jan
9%c Mar
10c
Jan
Jan
33c
Jun
7%c July
25c
56c
July
500
1.10
7c
2,500
5 Vac
4,500
22c
7%c July
1.12
12c 12 Vac
17%c Jan
10c
Jun
Feb
1.18
16c
July
Jun
Feb
Mar
22c
Jan
8c
10c
4,000
5c
Mar
Ltd
13 %c
Jun
12c
14c
1,150
12c
July
22c
Jan
300
50c
July
72c
May
Lake
Mines
50c
Ltd
56c
Mines
50c
—
3,000
21c
10,500
7%c
8,500
5c
Mar
2.65
Sullivan Mines Ltd—
Gold Mines Ltd
Eldona
60c
20c
6%c
Ltd
Ltd
&
2.65
1,200
1.65 Mar
53c
Mar
1.09
Feb
17%c Mar
30%c
Jun
8V2C
Feb
S.50
Jan
1.16
1.33
40,000
55c
Mar
1.56
Jun
12c
„
Falconbridge Nickel Mines
Pormaque Gold Mines Ltd
Lake
Goldvue
Gold
Mines
12c
500
12c
July
23 %c
Feb
Ltd
4.25
7c
9c
2,700
Ltd—
1 Va c
2c
34.500
14c
Mines
15c
3,500
Ltd
Hollinger Cons Gold Mines
Jack Lake Mines
Labrador
Mining
Lake
Rowan
Lake
Shore
8.50
&
Explor
Mines
Co
Ltd—
7c
4.70
Mar
20c
Jan
l%c Jun
-6%c Mar
10c
24c
Jan
150
1,000
3c
May
6c
Feb
500
25c
Mar
52c
May
5.50
500
1,000
7c
Ltd
-
Ltd
7c
25
5.40
400
58c
15,500
2.25
500
40c
.
10%
5.35
55c
tLd
Ltd—.
60c
58,450
1.70
Mclntyre-Porcupine Mines Ltd
Nechi Cons Dredging
Normetgl Mining Corp Ltd
_
57
—
1.75
57
8.50
Jun
12
4.45 Mar
7c
7.65
July
13c
10% July
5.35
42c
2.25
40c
Jan
Feb
14% Mar
July
5.40
Mar
1.45
July
July
1.90
Jan
1.95
Jan
1,800
1.65
Apr
40
55 %
July
May
65
Mar
1.05
1.05
1,500
2.58
6,900
1.55 Mar
2.67 May
80c
1.18
Jan
1
1.80
1.85
1,000
1.50 Mar
*
2.17
*
Brand
1.08
500
1.08 July
1.50
Feb
5.80
Jan
1
4.00
♦
...
Sigma
Gold
Slscoe Gold
Stadacona
Ltd
1
Mines..
Mines
Mines
Steep Rock Iron
(
50c
;
1
Ltd
12 %c
2.45
9c
3,000
13%
650
10c 12 %c
2,600
Jun
22 % c
class
14 %c May
Jan
15% May
17c
May
2.31
2.45
2,500
1.45 Mar
6.50
6.50
250
50c
Apr
67c
Jan
35c
37c
2,200
53c
54c
4,234
50c
2
2
100
1.31
1.33
2,675
*■
Mines
1
!
>
99c
Mar
5.65
5.65
200
2%c
2%c
11,500
8.70
9.00
1,300
1
3.25
Apr
8.25
Apr
2.14 May
2.08 Jan
2c
2%C
3,500
2.36
2.36
500
5.65 July
2%c Jun
4.75
2c
2.36
6.30 Mar
9c
Jan
Feb
9.00
4%c
Jan
2.79 Mar
Oil Stocks—
Home
Oil
Gmnitrans
Co
Oil
•
Exploration
Ltd-—
^
For footnotes
see
page 42.
"
Feb
%
25c
Jan
f
4.00
Jan
7%
100
4
50
1,500
4
class
July
Rubber
270
36
36 %
385
34% May
37%
Feb
35
160
34% Feb
38%
Jan
24c
May
19 %c 23 %c
131,600
21
Mar
9c
17
Mar
22
Mar
9c
Jan
1
■!
Jun
25c
,Jan
Mar
174%
Jun
25c
Jun
65c
Jan
17
Feb
18 %
160
~
,
25c
1,000
17%
50
24c
26c
13,200
21c
15c
16c
10,550
15c
July
28c
Jan
12c 12 Vac
2,500
10c
Mar
-Wo1
Jan-
15c
12 %c
15c
.
*
com—*
.
15c
15c
500
33c
36c
5,800
7.00
•
7.60
s
36c
7.00
■*>
35c
35c
35c
100
19%
^13%
13%
13%
25
5c
5c
5c
500
common
Forest
20
13c.. May
28c
1,780
35c
13%
Jan
1.00
Jun
7V2C
24%
1,570
20
Feb
25
26%
26%
1,310
23 Va
Jan
27 %
92
92
30
3%
4
Products...
B
7
26%
3
25c
98%
24c 26 %c
98%
32
99
25,800
18c
—
65
Lake_
32
32
5
18 %c
19c
3,550
1.35
3,300
8c
4,500
35
430
7
Products
%C
34%
5c
5c
Feb
Mar
3 Va May
35c
98% July
22
Mar
15c
Jan
27
Apr
16c
500
35% July
July
99c
1
Jan
s
28 %
5c
2.40
Jan
25c
Feb
35
July
j
Jan
May
.
5%c
Apr
-Feb
15
Jun
21
Apr
Feb
31
I
July
July
v}.
20
9
Jun
i
15c
Feb
>
I
7% Mar
Caider-Bousquet
7c
16 Va
pfd
Calgary & Edmonton
Oils
Flon
13 %c
7c
16 Va
6.25
2nd
6.65
12c 14 %c
1,500
7c
May
35
14%
Jan
16%
Jun
13,775
3.65
Feb
7.60
May
14,200
Be
Feb
40c
45c
6,000
34c
Mar
2.45
2.60
3,800
58%
58%
20
21
14% Mar
28%
29
27
Apr
29
warr.
47
47
43%
Power.
Apr
53%
Jan
10
10
9% July
11%
Jan
41c
Campbell Red Lake
2.55
2.15
18c
65c
Apr
.
Jun
Jan
-
3.00 Mar
'•
B
S;
f
May
May
100
1.25 July
7c Mar-
13 %
Cement
"f
|
11
u
A
B
Broad
'
'f
ft
Burrard class A
Canada
|
May
4% May
7% May
Jan
2
L
Jan
Jun
99
4% Mar
24%
1.25
—
Mar
7
25%
July
3
Feb
22% May
16% Jan
4%c Apr
90
Feb
11
Feb
%
Jun
May
17
.■
*57c
24%
—
Flin
;.29c..
May
_100
preferred
Linen
July
—25
pfd.
Oil—
class
May
60c, Feb -v'
1.000,.;. ^7.00 July.
19%
5
pfd
common.
Preferred
i:
A
22% May
May
|
|
*h
Malting Sh
Canada
Northern
Canada
Packers
class
A.
37
Permanent
Canada
Varnish
Wire
Mtge
16%
Mar
33
38
15% Mar
Apr
18
186
186
201%
§
f
Jan
_25
Cable
■
Jan
100
23%
23%
23
Apr
23 %
July
82
pfd
&
37
16 Va
82
70
Jan
83
5
Mar
A.
Canadian
Bakeries
185%
Jun
1(1
Canadian
Canners
Convertible
Canadian Car
7%
7%
Jun
21%
22%
\
1,356
21% July
23
Jan
•
20 Va
20%
-\
2,175
17% Mar
24
Jan
|
common.;
30
20%
common.;
20%
lfis/a Mar
21% May
1
20%
17
Mar
21V2
;
Mar
147/a
Jun
Feb
89 V2
July
Mar
12%
Jun
13%
13%
10
87%
common
89 Va
56%
Canadian Food Products common
Canadian General
Electric—
Canadian
Industrial
Canadian
Locomotive
8
20 %
preferred
Canadian Celanese
Jun
10
Canadian Bank of Commerce
Canadian Breweries
Alcohol
Canadian Malartic
250
8
Jun
Feb
|
I
5
220
Mar
260
Jan
|
10
"Mar
14
Apr
21
Mar
30
Oil
Jan
60c
July
88c
11
Mar
15
25%
preferred
-—.—,
Pacific
Canadian
Tire
Railway...
14c
16c
15,500
Jun
32c
1.98
2.16
3,600
1.25
Jan
2.25
8.25
500
5.25
Feb
9.65 May
5%c
5%C
500
13%
15%
Apr
Cariboo
"525
101
20
Feb
Gold
Corp
-
-103
Feb
Jan
"v*
Jun
19
20%
12,994
12%,Mar
21%
Jun
24 %
24 Va
120
26%
Jan
103
10
24% July
98% Mar
103%
Jan
.„__„;;1.25a.25
1,100
2.65
Jan
Jun
May
9q1A Mar--
103
Canadian Utilities preferred
16c
1,750
14
101
Cos common—
240
70c
13
..
26
60c
.
24%
•
,
f
635
.50
"A"—
—
8.10
5%c July
i
17%
A—
Oil
Burlington Steel
Canada
28
17%
Hill
Callinan
^
20 %c Jan
.
25c
Ankerite
Calmont
5% May
8VaC Mar
25
" Pel)
26%
1
Dominion
Co
Jun i
8
25e
Lake
Canadian
He
7% July
75
Distillers
Red
Apr
26%
920
*
1
*
15c
3.00
19,100
1
•
_
Ltd
Apr
Mar
21
1
Millon
Buffadison Gold
5%
Homestead
8c
15c
10%c 11%C
-III'Il—IIIIII1
—'
feruck" Mills
Canada
f:
750
2
Caldwell
■
Jun
1,700
1
Packers
&
May
13'A
5,800
167 % 169%
Power A
Burns
10c
49%oJuly
-
*
Columbia
Canadian
Consolidated
Jun
10 Va Mar
Jun
July
July
''
Gaspe Oil Ventures Ltd
Mar
35c
960
45
*
Ltd
Mar
1.80 Mar
4c
37,300
12%
Jan
Apr
•
—
65c
Feb
6c
-
Feb,
Mar
21
Ltd™.
Feb
19c
6.50 July
35c
Apr
i
89c
Jun
Jan
12c
6c
168
A
Columbia
uilding
16 %c
3,000
3,000
ll%c
"B"
uffalo
14% July
July
c
1
Class B
13%
9c
7c
%
*
British
Buffalo
Jun
Mar
"5c
1
Canada
Mar
1
Ltd-
V)nray Malartic Mines
Waite Amulet Mines Ltd
Westville Mines Ltd
Wright Hargreaves
9,600
9c
13%
3.95
57c
1
Ltd
11944)
Mines
Sullivan Cons Mines Ltd
Ventures
125
14,100
22c 24 %c
Yellowknife Gold Mines Ltd—1
Quemont Mining Corp Ltd
*
...
4.00
72c 76 %c
.1
Quebec
•.
A
British
British
39c
11
100
Columbia
British
Jun
Mar
17c
36
*
conv
preferred
Columbia Electric
British
75c
34 '/a
10
class
American
3%%
26%
10
Mines
Red
British
Mar
15c
6c
7
■?% May
15c 15 %c
lo
Scotia
Sons
&
British
,
4
Brazilian Traction Light & Pwr
Brewis
<Feb &
10c
1
Gold
&
6c
-
%
Apr
Jun
35c
14%
"B"
Bralorne Minefc Ltd
Brewers
9.20
68c
7%
Jan
1.08
Quebec Labrador Development
Quebec Manganese Mines
1
8.25 May
3.35
"A"
Canada
2.60 Mar
2.50
Porcupine Mines
Pato Coris Gold
Dredging Ltd
Mines
Jun
3.45 May
16c
Feb
July
O'Brien Gold Mines Ltd
Sherritt-Gordon
14 Vac
5% Mar
Jan
Pamour
Santiago Mines Ltd
Jun
6%c Mar
12%
Kirkland Gold
Class
Mar
3c
10%
Ltd
Fields
9%c
1.35 Mar
Jun
35c
5.50
tLd—
Mines Ltd
Gold
4.25 July
8.50
2.25
Mines
LouvicoUrt Goldfields
Malartic
300
3c
(1945»
Macdonald Mines
4.25
35c
Ltd
Lamaque Gold Mines
Macassa
Ltd.
Ltd
Joliet-Quebec Mines
July
10c
Mines
Bunker
Found
July
5c
4c
C
7c
River
Bordulac
Jun
3 %c
10,570
3.20
Boiietal Gold
14%c May
Ltd
Co
Mines
22c
26c 26 % c
Mines
Jan
Jan
2,500
5c
Dulama Gold Mines Ltd-
Gold
Apr
12c
3%c
8%c
7%c
Explorations
Duvay Gold
Apr
11c
__
Mines
Cadillac
Red
Mar
20c 23%c
Ltd—.
Mines
Ltd
Gold
Cortez
Mines
3c
2c
8c
Mines
Patricia
Dickenson
1,500
1,000
10 %c 10 %c
Ltd
Mining Corp
Mining
4%c
2 %c
Bobjo
18c
8,500
Va
6c
Power
Bevcourt
Jan
Apr
Mar
14
Yellowknife
Bertram
Jun
38c
8c
9,750
32c
5c
Telephone
Berens
,25% July
Jun
320
A
Toronto
Bathurst
65% Jun
Mar
10c
2,200
.
Nova
Jan
12%
Jan
12% July
9
Mar
10%
of
21% May
21% Jun
2 Vac
Mines
24
8,600
21c 25%c
class
Montreal—
May
42c
17
of
Bidgood
Gold
44'/a Mar
505
16c
865
Base Metals Mining
Bell
Ltd
10%
Lake
61
25%
v
Jan
Apr
2,100
Bagamac Mines
Bank
Apr
13c
57
50c
3
—;
Fabric
7%
12%
Central
Sol
Auto
25c
33% Mar
8.75
Oil
Electric
6
*
Consol
El
May
Auto
11% July
8Va Jun
*
Centremaque Gold
East
107
17 V2 May
111
Feb
Jun
3%crMay
525
1,360
*
47c
Gold
25
Canadian
Donalda
109 109%
Aunor
14 V2 Mar
Ltd
Mines
Candego: Gold
Cournor
Jan
Mar
10 % May
Yellowknife Mines Ltd
Central
10%
13
Jan
8.75
Aumaque Gold Mines.
15%
87%c
2.90
Aubelle Mines
23
Ltd
Red
Lake
Buffalo
Jan
Jan
Mar
43c 49 %c
Steel
60
Ltd
Gold
Beaulieu
Bobs
10 %
5"% Mar
7%
15%
9.% Mar
Apr
8%
14c
11,000
12c 13 %c
Apr
15%
Ltd
Mines
Band-Ore
Beatrice
9%
Atlas
75%
8c
Jun
65c
1,000
.
July
7%
2.65
Atlantic Oil
Apr
Feb
11%
9
Limited
Mines
57
25%
Quebec.
29% July
July
&
Athona Mines
Stocks-
Alger Gold
51
14 %c
...
Hardware
July
24% July
11
Ltd
Hotel
Mining
6%
65 V2
Astoria
25c
15%
Ltd
pfd
Canada
Securities
Wilson
Base
of
109'%
•
Co
22
29%
73 V2
27% May
Julv
19% Jun
Gc
Resources
Gold
Astney
*
Ltd
Pr
Distillers
;United
5'f
24 V4
29%
7%
15%
Feb
Jan
100
(Canada)
Ltd
Canada
Southmont
Arno
Stores
Industries
United
20
25c
24%
Ltd
Ltd
Stores
Service
Southern
25c
73%
2.*
Quebec Pulp & Paper 7% pfd
Quebec Tel Corp class A—.
Russell
25%
9%
cid
Power Corp of Canada 6%
Rand
12%
29%
Royal Rice
5%e
Armistice
99
25c
Stor
corporation
Mount
i
29%
99
pfd
Mooie.
16c
4e
Argus Corp common
Warrants
28%
Power
Refrig
16c
48%
Oil
Apr
16%
4,600
Area Mines
20
Paper
Montreal
Cons
21% May
100
75c
Mar
2,000
Consol
100
pfd
Melchers Distilleries Limited 6'r
&
25
19% May
18
1,600
8
High
12% Mar
800
,conv
Minnesota
'
6c
71c
common
Canadian
Apex
Ma'ssey-Harris Co Ltd—
6 % %
19
6c
Anglo Rouyn Mines
Ansley Gold
Jun
44
107/a Mar
19
8
Anglo-Huronian
May
Apr
Mar
1,616
American Yellowknife
31% May
14% Apr
36
20%
Aluminium Ltd
Jun
80
20%
Yellowknife
Steel
Low
660
Aluminum Co of Canada pfd.
Amalgamated Larder Mines.
July
12%
17%
42%
Algoma
Range Since January 1
High
18%
19
Jun
62
8%
M)._.
Shares
18
...
Jun
27
93'
July
Apr
27%
A—*
Paper Co
lor Week
1%
A
Oil—
Pacific
Alger Gold
Jan
20%
Jan
-
&
Alberta
101
July
42%
Gas
18'
fVgnew-Surpass
10% May
2ya Mar
21
Acme
Jun
Sales
Range
of Prices
Sale Price
43% May
Feb
24
18%
pfd
Ltd
STOCKS—
Abitibl Power & Paper common
$1.50 preferred
20
pfd__100
Week's
Last
Jun
10% Mar
class A.
(Can)
(Walter
Power
11
i,325
1
Company
Industries
MacLaren
6%
1,770
*
4%r/>
International Paints
Lownev
Feb
Friday
Jan
22
*
red
Canadian Funds
Jun
95c
59
Ji
Baking
Metal
18
Jun
16%
Lakes Paper Co Ltd com
Class A preferred
Int
May
22
Ureal
Inter-City
16
45c
16
Companies
Ltd
Feb
*
Ford Motor Co of Canada
Fraser
9
21Va May
24 Va July
*
Manufacturing Ltd
Freiman
High
14% Mar
Low
10
40
Paper Co Ltd
Grain
140
1,000
*
Fanny Farmer Candy Shops
Federal
18'
50c
*
Lid
Ltd
Products
50c
Toronto Stock Exchange
Range Since January 1
Low
21
_
WooLeus <&
Steel
Shares
High
20
Textile
David & Frere Limitee class B
Dominion Engineering Works
Donnacona
lor Week
of Prices
Low
20
Aircraft Corp Ltd
Dominion
Range
16
Sales
«
preferred
Dominion
Week's
39
MARKETS
RANGE FOR WEEK ENDED
JULY
Friday
(283)
1.21
Apr
40
(284)
THE
-
COMMERCIAL
&
LISTED
CANADIAN
RANGE
Friday
Last
Oil
Leduc
Wines—
—
Mines
1
Minis
1
Coastal Oils
:
Cochrane
!
Plow
Lake
July
16c
Feb
Halliwell Gold
12%
13
1,050
9%
500
35c
35c
1,000
4'Ac
2.25
2.50
3,225
10c 10'2c
2,500
.
3.000
11% Mar
13
10
.Mar
4c
Mar
Jun
2.20
10c
July
Hamilton
Bridge
Hamilton
Cotton
8%c
Jan
1.83
Feb
Apr
5c
Jan
Harricana
22c
Jun
Hasaga Gold
1
1.78
1.87
10,650
1.76 Mar
200
6% Mar
8
Hedley Mascot
1
Heva
1
2.45
Jan
July
July
26
16%
Jun
17c 20%c
3,000
16c
Apr
27c
Feb
5.'Ac
1,500
5c
Mar
35c
31c
35c
2,125
*
13 %
13%
13 %
5
2
57c
*
16 %c
5
115%
July
12
Apr
4,450
55c
Mar
85c
Jun
32c
1,995
91% Mar
9%
230
8
2 %
2'A
130
2% July
149
93
148
Box
Mining
1
29
23
13c
2,000
5%
4,600
12c
Ju:i
4V4 Mar
Croinor Pershing
22c
Crow's
17c
22c
650
17c
July
30c
1,500
48c
July
90c
55
Jan
48 %
85
15c
9,250
10c
Mar
19c
Denison
Red
Dexter
8c
8c
1,000
7c
Mar
2lc
Dome
&
Smith
1
Paper
_*
common
*
16
16
16%
18.899
1.35
1.35
1.45
26,245
33%
13 "a
13%
135
7%
7%
50
25 %
25%
115
24% Mar
4%c
4%c
500
4%c July
9%
10
150
10
A
Oil
1
preferred
Inglis
6
Bronze
Powders
com—*
20c
Jan
45c
Mar
12,600
45c
Mar
Jan
39c
41c
8,600
39c
Jun
64c
Jan
Jason
2
Dominion
19%
19%
40c
40c
Nickel
International
10'Ac May
21
1,885
16%
Feb
3,650
39c
Jun
65c
16% July
•
16%
16%
17
1,825
110
110
110
22
95
Mar
1
27
27
27
1,223
22
Mar
9
9
1,525
6
Mar
100% 100%
10
99
Apr
1
;
5
44'%
44'A
45
115
25
16%
16%
17'A
1,495
,13% Feb
♦
_
5
50
Stores
Petroleum
Dominion
Tar
Textile
&
Donalda
&
25
25
25
50
21% Mar
5%
225
3% Mar
40
Feb
28
Mining
Mines
Gold
5%
46
26%
Gold
Quebec Mines
Kerr
Jun
16 Va
Jun
21,700
Mar
84c
May
Crest
8%c
16 %
16%
300
10% Mar
57c
65c
20,600
16%
17
75
51c
Mar
16 %
July
18%
1.10
Feb
12,206
17c
Jan
20c
3,700
18c
July
74c
Eastern
88,800
5c
Mar
12c
Elder
8c
2,000
7c
Jun
33c
6Vic
1,700
49c
1.53
13,100
2,225
5%o Mar
10c
50c
Jun
2.70
5,650
1.64 Mar
9 'A
840
6% Mar
24c
Gold
Sol
2.08
40c
43,887
24c
July
1.35
241,800
55c
Mar
3.50
10
3.000
15c
July
58c
Feb
38c
9,020
25c
Mar
52c
Jan
16c
July
74c
1.54
Gate-,
1
16c
17c
6,000
12%
12%
12%
2,600
45c
45c
500
12c
108,750
ll'/ac
9c
45c
50c
1.38
(John)
Dufault
Rowan
12c
Mar
25c
Shore
19
May
20%
Apr
4.55
Jan
3.60 Mar
5.05
May
255
2.05
5,400
4.40
310
16%
835
15 % Mar
—
Fittings
Ltd
class
315
34
47%
5
150
95
140
1.15
Mar
*
_!
Gold
Francoeur
2%
•
3'A Mar
85
Mar
5'Ac
2,500
11
485
8%
8%
50
4%e Apr
7%
Feb
8
Jan
7
5%
Power
*
common
preferred
5%%
—100
preferred
—
100
7c
5.50
3c
1,225
4.10 Mar
500
2%c May
C8c
72c
12.900
11
71 %c
1
12
11
Mar
2
Jun
25%
1,275
21
Jan
27
Apr
15c
General
Steel
Wares
*
common
—Too
7c
1,200
1.30 Mar
i
1,430
10 % July
14% Mar
26c
10%
28c
4,700
25c
70c
2.25
200
2.50
500
5.40 July
6.95 Feb
*
20'A
20%
16% Mar
21% May
4c
4c
500
3%c
4c
6,500
160
"U"
__
__
1
1
Mines
Secord
__
4c
3
14%
14%
1
3%c
3%c
92c
50
15
•
Candy
Oil
Mines
Gold
Ltd
_J
1,000
4,800
60c
900
1
30c
31c
1,000
28c
July
67c
July
28%
30
15,200
3%
1
20
Class
Madsen Red Lake Gold Mines—
Consol
Magnet
Maple
2% Mar
Feb
Apr
3%
17
106%
Globe
OH
God's
Lake
65c
64c
66c
60'Ac
——
Gold
60c
63c
2,790
2.90 Mar
6;10
Mines
15c
Goldcrest Gold
1
•»__
Golden Arrow i—
—
10c
—
15c
Martin—McNeely
Gold
;—
10c
10c
7c
7c
l
—
«
Goldhawk Porcupine
Goldora
Mines
.
l
2.35
6c
„
2.35
2.44'*
52c
Mar
80 %c May
Mar
1.09 Jan
May
_
500
10c
Mar
16c
Jan
McMarmac
7c
July
14c
Jan
Mercury
5'Ac July
6c
f>C
1,000
3'Ac
3'Ac
500
3c
Mar
2.70
Goldvue
Mines
l
common
Preferred
Grandoro Mines
Great Lakes
Class
A
Guayana
16c
*
114
50
_______
15,500
115
20
see
page 42.
Mar
Feb
18%
19
42%
43
99c
1.00
99,725
4,100
10%
3.00
Jan
1.95
Jan
8'/a
40c
Jun
9
1,635
July
95c
100
8
2.45
2.40
Feb
1.54 Feb
2.25
5,500
20c
'
4,700 '
'
23c
1.72
1.75
2 %c
2 %c
4,500
13%
•
13%
85
-
11
July
8'A May
4% Mar
1,625
2.45
20c
1.75
—
July
July
3.15
,
40c
Jan
Feb
Apr
1.95 Jan
V 2C
Jan
11
Mar
4c May
14% May
10c
July
31c
Jan
3c
Mar
6c
Mar
1.50
10C
11c
4c
4c
4'Ac
3,500
21%
23
10,329
16
Mat-
475
24
10c
3,500
23
July
-
29
28%
29
14%
14%
14%
100
100
57
195
-
Mar
30
May
95/t Mar
30
57
100
5
——
Red Lake Gold
57
16
Feb
100
IVIay
July
55
Jun
66
Mar
36c
2,227
Jun
75c
Jan
8c
Jun
29c
jan
Jup
90
39c
42c
9%c
11c
20
-1
1
*
Mills
16c
Feb
Milton
9c
Jan
•
Oil
20%
150
15% Mar
21
6%C
8c
16,500
5'Ac Mar
llc",JaQ
1.425
1.75 Mar
4,635
6.10 Mar
;
3,350
8c
11.000'
*
Tool
Works—
2
2
8.40
8.90
5
5
5
25
*
;
8.90
*
Brick
2
*
Mining Corp
-
15
15
15
105
:
5
Apr
3
Jan
10% May
6%
Jun
15%
Jan
25'Ac Jan
118
Jun
Monarch
Knitting
common
Montreal Locomotive
17%c 17 %c
•
1
Mines
10c
101
2.30 July
1,300
60c
97c
Apr
51%
13c
♦
Paper common
preferred
For footnotes
*
16c
114
51%
Feb
May
Modern
Goodyear Tire
Feb
11 %c
22
*
Porcupine Mines
lie
1.95 Mar
2.40
95c
10%
*
20
common
Preferred
Mclntyre
3,800
6.2C0
20c
July
7c
*
—.—
McColl-Frontenac
Mid-Continent
Golden Manltou Mines
1.50 Feb
Mar
9%c Jun
Jan
48c
1,000
1
—_1
Massey-Harris common
9,900
19c
Jan
29% Jun
Apr
1
Marcus
Jun
10,400
Apr
~8
*
L-;
Milling——
McKenzie Red Lake
Goldale
40c
55c
97C
1
&c Eastern
Leaf
Jan
May
1,000
2.30
2 40
1
1
w
Jan
2c
4c
Feb
Jan
Jan
Manitoba
14
40c
5,000
•
—*
B
Jan
99
24 %
1,000
8c
1
Mines
MacMillan Export class A—
Feb
May
Jan
80
1.50
31
26% Mar
July
108
120
13c
7c
1
Mines
Macassa
MacDonald Mines
111
Feb
60c
13c
*
—
55c
1
Goldfields
Gold
May
18%
28%
*
B
Mar
4.60
Jan
59c
1,500
400
107
2%c
—
Jan
14c
8'Ac
3,775
101
4.35
—
1.25
Apr
8c
—
70c
25
100
1.19 May
Mar
1.10 Mar
6 Vac
30%
80
•
Jan
Jan
4'Ac Jan
2%c July
95c
1.13
30
185
3
Jan
8c
17%
Mar
12
3%c
69c
106
16'%
lie
Jun
3c
92c
*
19%
16%
3.00 Feb
3%c July
1.12
—
1
*
19
102% 103 %
Jan
2.20
2.25
110.110%
2'Ac
4.40
Jan
2.50
Preferred
Giant Yellowknife Gold Mines
Glenora Gold
May
2.20
105
3
16%
102%
Jun
5c
15c
*
Lunward
Feb
6,500
3
General Bakeries
i-i Preferred
86c
Feb
1,000
7,500
*
Louvlcourt
Jan
2.29
8c
1.82
—
Mar
2c
3c
7c
10%
Gold
Luz Mines
Class
July
100
1.80
—
38c
6'Ac July
2%c
6%c
10%
__
__
Loblaw Groceterias class A
8% Mar
400
1.82
w
6%c Jun
May
12
24%
19'A
Jan
24%
May
2.05 May
Malartic Gold Fields—
Gatineau
7.75
24
Lingman Lake Gold Mines
Long Lac Gold Mines Ltd
May
2%
8c
*
____
Jun
3c
1
Lexindin Gold
103% May
2%
24%
*
Frooisher Exploration
25 %
Jan
12
_*
A
Jan
Mar
5.30
*
'
MacLeod-Cockshutt Gold
Fleet Manufacturing Ltd
Ford of Canada class A
23
__
1
18% May
42%
10%
IIZio
Preferred
Jan
Jun
1.78
Jun
1,000
20%
5'Ac
Fibre Products common
22c
60c
5.30
Mines
Laura
Jan
12c
4%
1
Apr
24%
1
Gold
(1945)
Lebel Oro Mines
16%
Kirkland
Jan
Apr
Jun
1
1
Mines
Fortune
Lynx Yellowknife
Federal
15
Apr
8c
1.32
—*
Ltd
Leduc-West
41%
Preferred
Jun
27c
65c
Jun
160
Little
Federal Grain common
Feb
4c
Jan
36c
2,700
Jan
4.25
—_
11%
40c
1,800
1.36
Jun
1.95
Falconbridge Nickel
Famous Players
;
Fanny Farmer Candy Shops.
July
May
20 %
"A".
19c
35c
July
Lang & Sons
Lapaska Mines
Jan
94
Brass
Eureka Corp
18'Ac
38c
45c
Jjamaque
Feb
12c
Empire
2c
1.38
Leitch
El
1,451
45c
Lake Wasa Mining
May
1.45
1.15
Mines-
2.000
2c
Jan
Feb
26c
8
Gold
Jan
3c
1
Lake
Jan
2.65,
Mines
Eldona
7c
2c
16c
1
Golden
Lake
Jan
44c
Steel
Mar
Jan
9c
1.46
Mines.
Jan
18c
18%c
1
Lake
Lake
30'Ac Jun
20c
5c
6c
Sullivan
12c
Jun
3c
....
1
Larder
East
July
7c
3c
__
*
_
_J
Labrador Mining & Exploration
Laguer.re Gold
17 % July
18c
Mines
7c
8c
1,500
30,880
Jun
20c
Oil
Jan
3%c July
509
8%c
9c
9%cll%c
.
Kirkland-Hudson
13 y2 May
Oil
East Malartic
4c
4c
...
Kirkland
22% July
Feb
7'Ac
East Leduc
Jun
Mar
40c
La
East
39%
11
Jan
19% Mar
East Amphi
29% Mar
5,300
49,605
1
Mines
Lake
Kirkland
Jun
11
Ltd.
98% Mar
31% May
10.1% Jun
37
1
(1939)
Kerr-Addison
.19% May
*
Mines
135
50c 55 %c
l
Lake
Dulama
May
25% Mar
14%
1
Kelore
50
Duquesne Mining Co
Duvay Gold Mines
Jun
July
22
65
102% 102%
52c
1
Jan
195
*
Jan
25
10
75
29
35%
Joburke
Jan
12%
"A"
12%
30
24
29
10
__
May
13%
J M Consolidated
12% May
103
22 %
1
Mudge
Feb
'7c
11
Feb
8'A
13%
1
Waite
Joliet
12%
Mines
Donnell
25% May
35%
*
July
22%
Dominion Woollens
July
*
1
Jack
23% Mar
110
100
common
7%
Apr
*
common
Jacknife Gold
Jan
23%
Chemical pfd
Co
International Uranium
Labatt
Dominion
14% Jan
Mar
6 %
Jun
1.95
.1.35 July
12
Jan
19% May
Mar
22% May
40c
*
common
14
May
23%
__
29
*
100
International
•
Invest
4c
10%
7% Mar
Apr
26 y2
82c
Mar
e%
__
25
A
Preferred
Apr
Scottish
_Z
1
(John) & Co
International
3Qc
Preferred
__
25
International Metals class
4,500
Dominion Steel & Coal class B
•
Jun
53 %c
Jan
Jun
30c
Dominion
Apr
Mar
2c
52c
9
18c
43%
30c
—
Jan
3,500
70
4%
~~
*
Jun
32c
125
21c
2,000
47c
100
Jun
34
29%
33%
3,490
50c
1
42c
21c
__
Feb
May
33%
33%
1
9.70 May
25'Ac Mar
3c
Mar
pfd
37c
Jan
12
,
9c
5c
8%
5c
Malting
20 % July
Mar
18
50
50%
3,500
Magnesium
20%
3c
7'Ac
Dominion
Jan
50
6c
Dominion
Mar
50c
20%
20%.
10c
509
8%
6c
Dominion Foundry & Steel
May
4,500
8%
—1
com
Feb
75c
12c
60c
50%
10c
Invest
24 %c
10c
*
23% Mar
Anglo
Jan
1
120
Ltd
Mines
Dominion
95c
9,000
500
„—
July
2,000
14c
Mining
4,900
35c
60c
__
__
3
Mines
Jellicoe Mines
Diversified
37c
37c
26 'A
Distillers Seagrams
Feb
35c
32c
26
1
1
95c
5c
14c
Dickenson Red Lake
Discovery Yellowknlfe
15c
Jun
5c
Jan
1
Mar
66c
Feb
26
—
5c
775
Jun
*
Lake
4,700
8%
Gold
May
7c
68c
5.35
Yellowknife
July
"Jan
fic
970
Mines
Nickel
12c
'15
68c
4,971
Preferred
Apr
*
5%c July
8.75
A
class
9 % Mar
2,509
Rights
Imperial Tobacco of Canada ordinary_5
May
42
48
l
Leather
Davis
235
6c
Mar
1
Davies Petroleum
11 %
6c
35c
•
Preferred
D'Aragon Mines
15c
11%
Jan
.32c
11 %c July
5,950
13%c
May
16
Mar
8.35
Imperial
Jan
48c
11c
«
Patricia
14
Feb
9% May
6% Mar
25
Jan
May
5.00
Jun
3.50
725.
8.60
Jan
1
Coal
Nest
Cro^shore
9
15
*
6% May
48c
17c
.
150
__
*
__
Indian Lake Gold
Crestaurum Mines
3.65
9
8.00
May
5%
3.65
Hunts class
Jan
30
13c
_
5 Va
3c
__
1
Hugh
1.35 July
Jan
19'A
Apr
Hudson Bay Mining & Smelting
Malartic
Feb
Jan
May
13 %
*
common
154
25
19%
l%c
8.65
Howard
Jun
19
8,190
3,100
8.10
Hosco
3% Mar
25
1.29
29
10%
30
1.18
*
121%
Mar
1.23
*
com
Mar
Mines
Howey Gdld
70c
*
Imperial Mills
145
Apr
1
Oil
Homer
Jun
9%
5%c
2c
Home
Jan
11c
115% 117'A
Apr
2c
1,800
Hollinger Consolidated Gold Mines—5
Jan
18,700
*
100
16%
Gold
Hinde & Dauch
Jan.
c
*
148
36c
Gold
Highland-Bell
7%c Feb
17c
56c 58'•>
14c
31c
3%c
__
Jun
5'Ac
13% Mar
10,200
__
3c
Feb
17C
595
5 %c
13 %c
•
1
14c
Feb
Mines
1
—
Carpets
Gold
1,000
10
A
Paper
Harding
Harker
6,000
23'A
5%e
16%
5c
15
3c
c
16 %
9
16c
8
%
__
15o
35
1
Gas
Hard Rack Gold Mines
3.00 Mar
3.20 May
Apr
Jun
37c
Apr
17 % May
.■»
..30c
1.40
^0c
27,450
24c
5%c
*
Jan
1.99
21c
__
1
May
65c
1,890
—
Beattie
Hallnor Mines
Jan
7% Mar
30c
26
Exploration
Bit
6c
16'/8
—
Corrugated
Craig
1,000
0
class
Consumers
Cournor
6c
26
Consolidated Mining & Smelting
Cosmos
—
1
A Class 'B
Conwest
Gypsum Lime & Alabastine.
Halcrow Swayze
Jan
15%
—'
Bakeries
Press
2c
Jan
1.40
16
Consolidated Homestead Oil—
Cons
1
33c
26
—
Consolidated
ig
Mar
•
——
Consolidated
*
1
13c
High
Low
High
1.45
D45
l
6,600
1.05 Mar
'
_1
2,000
8
——
Commoil
Mines
Range Since January 1
Shares
of Prices
Low
Gunnar Gold —i
1.25
*
com
Yellowknlfe
Colomac
—
1
Preferred
Coin
July
25
Dunlop
CocKsnutt
1.80 Jun
46c
3c
6
....
Willans
Cochenour
ICe
1
Malartic
Citralam
2.50
1
—
Gold
Chimo
July
4%C
—
Research
Chesterville
Feb
1.20
41c
Lead
9%
12%
common
Chateau-Gai
Cheskirk
9,400
6c
Gold
Chatco Steel
Chemical
2,100
46c
1.13
Mines-
Porcupine
Centremaque
1.51
Par
Gulf
for Week
Range
Sale Price
High
Low
Sales
Week's
Last
STOCKS-—
13 %c 13'Ac
Gold
Patricia
Central
Central
s
16
Range Since January 1
High
41c
—
JULY
Friday
Shares
1.45
Castle-Trelhewey
Central
MARKETS
ENDED
for Week
Range
of Prices
Low
WEEK
Sales
Week's
°
Sale Price
STOCKS—
FOR
Monday, July 19, 1948
FINANCIAL CHRONICLE
.
—
*
Moore Corp common———.——•
preferred '
—25
s
.
Mylamaque Mines
Drug preferred,
National
—
1
5
14
Apr
Number 4717
Volume 168
THE
COMMERCIAL
&
CANADIAN
■
Week's;
Range
V;:'
'■ ;
National
Grocers
i
1
com-
^/Preferred
National
WL
Sale Price
Low
•'"'/% Far
*
-
Friday
—3
Stadacoma Mines
27%
Standard Chemical
14
14
10
14
steel
Car__—————•
Negus Mines
Neilson's (Win)
pref
Bidlamaque
2.11
;
—
•
common
Paving
Standard
6%
NfeW Calumet Miries
New
—
'7
■
class
Pacalta
•
Co
Steeloy
Stuart Oil-
Mines
—1
1
13'Ac
12c
T.20
1.20
1.20
100
♦
493/4.
.49
49%
2451
43
9,500
11c
L——___1
,11c
11c
12c
l
*
21c
'21c
*
:
_i„
7;
Mining
Norpick Gold
—————_
Mines
2.55
2.50
2.60
l
A Norseman Mines
4%c
4'Ac
4%c
——__i
.
1.04
52
Gold
l
5c
"7
500
Jun
'
North
Star
Oil
"Preferred
1
5%
—
Li—
—
Oils
_-_l
Thurbois
91,070
5,500
4c
Jun
2.67 May
10c
Jan
1.77
4'Ac
Feb
July
4c
14c
3c
8,000
2c
900
3% Mar
57/8 July
130
5%
6
1.77
1.81
5,410
-
Apr
1.40 Mar
2.20
65c
4,000
59c
Feb
90c
1.35
9,400
92c
Jan
13c
13c
3,000
10c
-
__
3c
__
3C
3,500
5%c
5'Ac
1,500
119>/4 119%
__
5'Ac
—3
___
27
Mar
3c
Class
A
Traders
Jun
Apr
Jan
Union
Union
7%
150
6
Mar
10%
Jan
7'/2c
500
5c
Mar
11c
Class
B
Fuel
Feb
1.15
Jan
1L7
18c
18c
2,700
147/a July
70c
1.39
1.28
1.48
78,067
38
38
75
1.10
1.17
3,800
4c
4c
500
4c
3c
1,000
2c
May
34c 38'Ac
15,700
33c
Jun
46c
Jan
Walker
10c
12c
32,000
TOc
Mar
20c
Feb
71c
1,000
65c
Apr
82c
Feb
Class
4%c
5c
8,666
4%c July
16'Ac
Feb
Westeel
1.92
1.95
2,915
1.85 Mar
2.30
Jan
2.45
2.45
2.35
3.50
Jan
Class B
1.15
__
24c
10'Ac
1
__
1
—
3c
__
1
—
i
——
i;
2.45
1
37c
-
100.
37c
44
45%
2,065
97tf
3
16'A
15
17
2,215
1
15%
15
15%
150
1
„
•
;
—
I-
Pressed
A
Preston East Dome.
Metals
80c
Mar
28
1.48 July
Keno
Jan
3.50
Jan
1.35
34c
36c
2.500
32c
Apr
4do
5'Ac
6c
iy,ooo
5c
July
21c
Jan
62c
62c
90
60C
Apr
80c
Jait
80c
85c
80c
July
80c
.
1.35 July
'
545
8,400
11
11
•
45%
1.45 May
Feb
100
May
100
10%
580
?T4
July
Jan*
;
10%
Jan
6c
Apr
12
Jun
12c
July
Apr
45%
50
95
38c
40c
8%
—1_
9
85c
'
Jun
1,500
95
•
172
••
7c
50
_
'
t.
11'A
6c
—
0
c
4
172'A 172'A
11
1
_
..
S'A
8
1
_
8'A
8
935
8 VaC
8%C
9c
29 V2
29'A
29'A
100
22 V4
22'%
22'A
300
48 V2
d
A
preferred
.50
.
—
.
37c
48'A
48'A
15'A
15'A
1.66
1.77
United
Steel
Apr
1.55
Jan
Ventures
Ltd
8c
Mar
Virginia
Dare
5c
Mar
Jun
Jun
July
56c
,1
2,766
"
11
Feb
17'A May
10%
Feb
17% May
(Hiram)
(G
&
common
5.95
5.15 Mar
5.75
21
21
60
9.10
16,938
27'A
26%
28%
2,830
12
12
13
38
10%
Apr
13
13
13
40
13
Jun
32'/2
*
W)
4
A_„
—
32'A
•
Products
Grocers
5.50
8.40
—25
—
—
A
4
common
4
785
21
July
4.60
Mar
26% Feb
22
22
21
29
29
32
33
32
25
'
Jan
24
29
•
III100
A
Weston
(Geo)
•
com
-:
Preferred
1.55
1.50
1.55
10,500
1.50 July
13'A
13'A
13'A
50
13% May
53'A
53'A
53'A
65
73c
73c
78c
10,200
55c
Mar
90c
Feb
Mar
89c
Feb
Yellowknife
86c
Jan
Ymir
Jan
25
25
22*
May
July
■
July
100
1
7'Ac
;
•
00
97'/* Maf
7'Ac
1,500
5c
Mar
20%
Feb
95
Apr
'
27%
26%
28 %
10,676
>:
100
98
98
98
20
Wright-Hargreaves
—•
2.40
2.40
2.49
2,640
19c
19 c
500
18c
Winnipeg Electric
15
Feb
54% Mar
Preferred
common
Feb
28
Jan
v
IIZioo
Li
Wiltsey-Coghlan/'i----
*
Jan
1.65
8.90
preferred
Preferred
45% July
2.10
•
7%
1.50
1.65
Amulet
Western
8c
7%
1
Upper Canada Mines-
Waite
1.67
jan
Feb
-
■
•
7'Ac
39%
37
51
25
•
Jun
1.06
—
Hill
Feb
40
—.
5%
Apr
Oils
1
Proprietary Minos
Purity Flour Mills pfd
Apr
1
preferred
United
Class
A
_
__
Watercus Ltd
71c
__
—1
—
4'A
2.50
Feb
—„L——
Corp
1
Resources
class
18'Ac
Pickle Crow Gold Mines
River
720
3,41.8'"
1.35
_
July
Fen-Roy Gold Mines
Power
4%
—
__
_
Mar
Paymaster Cons Mines
-
23% Mar
Apr
6c
1
Gold-
Jun
2.55
28
36c
4
50c
1
-L—*2
Jan
29%
2.50
9
7,600
__
•
—
> 90 "v
28
62c
Corp class A
,1,000
Malartic
Reef
Jan
Jan
1.99
•
__—
Mining
7c
Parbec
Powell
;•!:
Gas
Jan
55c
Paramaque Mines
Porcupine
July ft
4%
•
class A.._
Transcontinental
51c
1
Pamour Porcupine Mines Ltd
Pioneer Gold
6,200
1.27 July,
d
6'Ac
-
Porcupine
,
2.05
19c
Jan.;.
7'/2c
__
•
Piccadilly
1.35
5
-
_
_
—
16c
123
7
__
_1
Page Hershey Tubes
Gold
1.27
_
B
52c
Petroleum
Perron
Mar
28
Trusts
Finance
Class
Preferred
United
Pacific
—r—
Mines
___
1
Mines
26
.
Jun
9C
*
1
..
99c
6,000
5'Ac
General
——1
-
Mines
Apr
Jan
•»
2,500
Uc
4—_
Mines
——
7V2c
July
5'/4C July
117
1
Mines;
Silver
United
Lake
Lake
18'A Mar'
Jun
2.40
2.55
common
Gold
Towagmac Exploration
1.84 May
16c
May
_1
Orenada Gold
'■v 50/
May
%
12c
1.68 Mar
4,900
20
20v
Jun
1.33
0
Toronto Iron Works common
Jan
60c
1.20
J_50
.
2.06
••
July
63c
i.——l
Exploration
82
Jun
80
Mar
1.31
1.31
*
—i—_
Twin City common
Orange Crush
Osulake
—1
Feb
72
July
Apr
3,000
19,500
1.28
—JL—*
———
Loan
Red
common
.
Torbrit
35c
Apr,,.
5c
35c
„
United
Oslsko
—_
Gold
Toburn
10c
*
Omega Gold
Orlac
Mines-——-
A
,
Jan
Jun
»
i
O'Leary Malartic
Omnitrans
■
5
Ogama-Rockland
Ontario
Gold
Canadian^Oil ——11_
Texas
24c
May
1.50 Mar
2c
.....2%c
—_3
common
O'Brien Gold Mines
Okalta
.
67
75
10%c
1.32
U'.
.'190
6,000
5c
Jun
5%
15
7c
;
2.00
2.05
_
Mines
(Pearson)
24c,• Jan
14c
5%Wt5 %
5%
6
34c
Northland Minds (1940)
/.■
_
25/..
Apr
21 % May
m
Apr
Feb
80
79
78
6c
4 K.
13%
Jan
8'/4
17'A Mar
10
;
Feb
May
Toronto
Inca
X
Jan
8% May
97
July
4'A
65
•
8%v
14%
80
.
_
Teck-Hughes
Apr
Mar
.
30c
y .-w.^
i North
Mines
_
Tamblyn Ltd
___5
.
—
:
80
«
.
Thompson-Lundmark Gold Mines—
H' Nordon Corp
Normetal
A
.
—___
Norbenite Malartic
High
<
_•
Taylor
Nipissing Mines
Noranda Mines
Cons
Inlet
Sylvanite
__L__1
—
•78'
_
.
.preferred
.
Sullivan
Surf
Nicholson
common
Mining
Steep Rock Iron
■
A_.
Canada
of
Preferred
*-;
New Rouyn Merger
Nib Yellowknife —:
20
5%
14%
—
4'Ac
*
Oils'-
5%
85
.
250
20
«
A
*
l
New, Norzone*
;;New
f,..
68c
July
5% Mar
45
7%
_
Radio
•
85
:
48c
1,933
A 750--
;
85
■>
common
Stedman Bros
1.
—
Jason
New Marion Gum
£
4%c
Low
54c ?
.■
6%
,
»
Preferred
24
103
1
•'
»
,
Range Since January 1
High
48c
48c
100
Steel
New
Low
*
(1944)
Preferred
2.10
100
Shares
10
24%
—*
——
7
for Week
'
Par
13%
Sale*
Rang©
of Prices
Sale Frlce
Lc-"
O
15
30
14
.
Week'#
.
Last
STOCKS-
Range Since January 1
Standard
National
"
Sales
High
41
MARKETS
30
30
_
Class B'
LISTED
RANGE' FOR WEEK ENDED JULY 16
15
———————20
class A
;
3
Hosiery
Shares
•
(285)
for Week
of Prices
Last
STOCKS—
■
FINANCIAL CHRONICLE
2.40
Apr
101%
12c
Jan
Feb
28% July
100
Apr
2.90
Jan
'
Quebec Labrador
Quebec Manitou
1
—
67c
72c
3,200
52c
1
—-
Queenston Gold Mines
40c
42c
2,200
40c
Apr
Yellorex
York
Quemont Mining
Quinte Milk class B -A—
■
Regcourt
1
Gold
Gold
Riverside
Silk
class
.x.
*
(1936)
8
1
A
15 %c
*
;
33
(Little)
Knitting class A
61c
63c
5,614
60c
July
81c
May
5c
5c
5 'AC
4,500
5c
July
9c
Jan
6%
6%
6%
185
8%
Jan
Co
10% Mar
15% May
29
1.60 Mar
2% July
5%c
8
8
5
7'A Mar
15 %c 17%c
8,500
15c-May
28c
Feb
Toronto Stock Exchange-Curb Section
Jun
Canadian Funds
6,000
4c
Apr
-
9c
8%
32
33
145
30
May
33'A
44
125
43
July
46
10%
180
8
Mar
11%
15
30
14
23,500
*
34c
31c
42c
10
Royal Bank
25
24%
25
25c
Apr
Mar
440.
23% Mar
16
Royalite Oil
3
18
20
972
Rupununi
1
9%c
9%c
10c
4,000
*
18
17%
18
425
13
Jan
Feb
Friday
May
102'A 102'A
100
101
Industries
Russell
common
Saguenay Power pfd
100
St Lawrence Corp common
Class
A
__
3
preferred—.
__
50
__
5c
Feb
Mar
STOCKS—
49c
Jan
Andian
25%
Jan
Asbestos
20
Feb
Feb
23c
19
Corp
Lawrence
Sannorm
Jan
20
10%
16'A
34
Mar
45
Mar
134
132
132
3.60
1
7'Ac
1
Shawkey Mines
Shea's Wpg Brewery
Sheep Creek Gold
39c
22'A
3.30
7'Ac
1,000
44c
21,200
23
.
470
1
class
9c
9c
50c
A
Apr
Jun
7'A
50
26%
26%
26%
70
Pulp & Paper com—*
&
Canada
Dominion
Vinegars
Sugar—
4'A
1C8%
*
7'Ac July
Fairbanks
Canadian
Ingersoll
Feb
Canadian
Marconi
11 %
11%
500'
280
38c
20'A
9c
10
Mar
Feb
17c
Jan
July
Feb
67'Ac
Feb
23%
20c
Feb
11% July
1.15
1.20
2,600
2.30
2.45
14,188'
1.43 Mar
3.20
Apr
Sick's
•
16
161/4
620
11% Mar
16'A
Jun
3
—
35
*
Morse.
Rand
12
__
1
——
15
15%
465
11% Mar
16
1
6.50
6.60
612
6.50 July
1
35c
43c
2,600
35c
Jun
12,500
20c
98c
Mar
Canadian Vickers common
'
C
-
8.50
Foothills
Jan
Hayes Steel
25c
July
48c
605
9 'A
July
12% Jan
9%
21.9
9'/a
Jun
r
...•
.
29%
24%
100
101
11'A
Feb
29.29%
24 %
24
Mar
24%
18
Mar
101101%
96
Mar
Gold
Squtham Co
Springer Sturgeon
For footnotes
see
15'A
Feb
3%
■
Feb
Mar
135
Jun
6% Jan
115'/a
Jun
19
19
130
Feb
20
Jun
12
12'A
65
10
Mar
14
July
35
35
50
28% Mar
35
25
73'A July
73'/2 July
1,000
1.50 Feb
73'A, 73'A
2%
3
40'A
20'/2
Apr
4%
3'/a
Feb
48'A
48'/2
Jun
3
July
43'A
Jun
600
1.25
1.25
200
20
20%
3,465
35c
35c
35c
30
39
1.00
Mar
Feb
14% Mar
4% May
51'A
Jun
2.25
Apr
21'/a May
33'Ac Mar
60c
Jan
30
31
27
Feb
33% May
35
35
30%
Feb
37
*
22
22
20 % Mar
•
2.75
2.75
Apr
—;
t
Paper common..—
*
•
Oil
Pend
29
Oreille
Bros
■•^25%
106
Feb
46
67'A
25'A
Jun
20
31
65
106
65%
100
2.60
Mar
97'A Mar
20
25%
Feb
23'A
Jan
4.10
Jan
34
Mar
70%
Juri
106'A July
28
May
Jun
Jan
39c
2,400
34c
Mar
55c
27c
6,500
26c
Mar
39c
Jan
20
150
17'A Mar
1.41
7,820
1.18 Mar
Selections
*
1
...
i--,.
:.
3c
5c
1,500
4.15
4.25
1,550
61%
61%
10
40c
40c
310
37c
5c
4.15
3
2.25
56
Mar
Feb
6%c
Jan
4.80 Apr
67'A
Jun
Jan
42c
Jun
Jun
8c
Jan
July
Mar
Apr
27c
1.33
page 42,
80
3
Preferred
Jun
19%
—
845
.-*
—
International
31
;37c
—
Sladen Malartic Mines
4,750
—3
—
common
Oil
26
lOl'/z
i"
Siscoe
25
4%
20%
5
Minnesota ds Ontario Paper~«^—
—'*
115
4%
•
Paper
Price
Class B
.Preferred
—
—-
Bridge?
Dominion Glass
Feb
10'A
.Simpson's Ltd class A
Oil
Dalhousie
70c
22c
,
72
115
108% 113'A
40
3
Weetinghouse
Ccast Copper —A„
Consolidated Paper
Donnacona
9%
'
Jan
May
4%
2
Feb
9%
class A
—
-
10
30
May
Silverwood Dairies
B
High
Apr
Jan
25
1.23 May
811ver Miller Mines—.
Class
—
*
Canadian Western Lumber
Dominion
V T
6Vz
Jun
1
Sigma Mines (Quebec)
Silanco Mining
—
*
-—-
July
—50c
common
__
1
100
common
4.35
Sherritt-Gordon Gold Mines
Breweries
Low
7'A
*
—
Range Since January 1
High
7'A
Canadian
Ltd
Shares
Apr
110
Canada
Jan
50
3.55
Shawlnigan Water & Power—
Low
Sales
for Week
*
Preferred—
102'A July
11'A
44%
Co
Brown
May
10'A
100
Mines
Senator Rouyn
of Prices
July
44%
...1
Paper pfd
San Antonio Gold Mines Ltd.
Range
Sale Price
National
Canadian
St
Week's
Last
Jun
16% May
British Columbia
Mines
Jun
1,130
Par
Oils
6%
14
15
*
Roxana
Feb
61c
0
Girl
2%
10%
•*
common.
1
40c
•
Bear
Yankee
Jun
2%
43
0
Robinson
13%;
1
—
5c
2%
Renfrew Textiles class A
Richmac
13%
Mines
20
May
1.56 May
Southmount
Investment
Temiskaming
Yukon
Consol
Mining
*
40C
1
6c
6c
1,000
6c
1
55c
60c
1,560
55c
1.00
;;
Feb
v
;
,.
42
(286)
THE
COMMERCIAL
&
FINANCIAL
<
.
-
i
'
-
■
CHRONICLE
Monday, July 19, 1948
OVER-THE-COUNTER SECURITIES
Quotations
v
for
Friday, July
Ifi
;"
_
tut*.
~ ••
•
^*-T
Investing Companies
1ftftv * ft• '•■
f
•
m
^r"
•'-
■
Ask
5.29
1%
4.26
5.81
4.66
.10
27 '/a.
1
3.97
2
9%
Fund
Affiliated
ft
Par
Inc
ftft Amerex Holding Corp.
A
series
Shares
Par
Loomis Sayles Mutual
103.27
Sayles Second Fund__I0
Managed Funds—
48.14
49.12
lc
3.76
4.15
Business Equipment shares_lc
Drug shares
_lc
Electrical Equipment shares-lc
General Industries shares—lc
4.25
4.69
3.59
3.96
Automobile
4.35
10 k
8.61
17.23
4%
3%
—5
54/2
4%
shares
4.32
1
Corp_'
Holdings
Bond
Inv Tr
—-1
Corp
♦
95.48
_<—1
19.84
99.46
21.45
Bowling Green Fund Inc.—10c
5
8.95
16.98
8.96
18.36
1
18.25
20.00
1
1
4.00
29.98
5.75
32.21
1
1411
of America
Inc__
Fund
Boston
Broad
Invest
Street
Corp
Ltd
Fund
Bullock
-Canadian Inv Fund Ltd
Century Shares Trust
>
Fund
Chemical
Preferred
1
1
ft Dividend Shares
Eaton
'
'-■;f
■
&
Balanced
Bond
_
24.84
—1
44.92
1
5.38
lc
lc
lc
Ac
7.-9
6.50
6.02
8.43
Corp
Capital
General Investors Trust
Securities—
Agricultural shares
,1
13.35
14.70
(Automobile
shares
shares—,
Building shares
13.74
9.29
10.04
series
1
1
4.70
l
3.49
i
5.57
Industrial Stock Series
1
6.71
Seleoted Group Series.
l
Low Priced Com Stock
Series 1
New England Fund
1
3.95
15.25
10.55
York
1
1
0.72
7.36
Aviation
1
7.41
8.12
Bank
stock_
J,
9.78
i
8.43
ft
RR Equipment shares
—lc
lc
4.54
4.93
ft
»
Railroad stock-shares——lc
5.35
6.03
—lc
—lc
*5.45
,5.92
4.04 "
4.39
lc
Railroad Bond shares
ft
shares^.—
Tobacco shares,
Steel
-,
ft
„
ft. 7 Utility
shares
2.56
2.79
,j
5.15
5.59
„■
Howe
1
4.53
4.89
a1-.
Income Foundation Fund__._10c
1.70
23.57
25.48
;
-
Fund
Incorporated
Inc:
Investors
5
Shares
,
'y ftft''Aviation Group shares
<™i< ' Bank Group shares
'
lc
8.88
I
>
75c
96c
lc
13.94
15.27
1
27.62
1.06
1
7.34
15.09
B-2
(Medium
B-3
Bds)
B-4 (Speculative Bonds)..
K-l (Income pfd Stocks)
S-l
S-2
Ask
Bid
Ask
bl.40
1.20%
1.55%
3-
1-48
12-
1-48
bl.50
9-
1-48
bl.45
1.25%
1.55%
4-
1-48
1-
3-49
bl.55
1.35%
1.40%.
2-48
1.35%
,
Rate
Dated
Due
10-
1-48
bl.50
1.30%
1.55%
5-
1-48
2-
1-49
bl.55
1.40%'
1-48
10-
"1-48.
bl.50
1.30%
1.55%
6-
1-48
3-
1-49
bl.60
1.45%-
11-
1-48
bl.50
1.35%
7-
1-48
4-
1-49
bl.60
1.45%
13.08
14.33
1.45%
6-
1-48
11-
1-48
bl.50
1.35%
11.35
12.44
11.37
1-
1.55 %
12.46
8.64
9.47
10.20
11.18
11.54
12.65
10.15
11.12
United States Treasury
Bills
19.92
10.02
1
12.22
13.39
1
6.21
6.8).
July
bl.00
0.90%
1
6.49
7.11
July 29, 1948-—
bl.00
0.90%
1948^—.——
bl.00-
0.92%
1948
bl.00
0.94%
Utility
Railroad
•:
22,
equipment
1
7.55
8.27
Aug.
1
8.85
9.79
Aug.
9.78
10.72
Tobacco
(
Bid
•
.
Putnam
-
Trading
(Geo)
Republic
5.
.
12,
Bid
Aug. 19, 1948-
bl.00
••
3
1
Fund
Investors Fund
25
0.95%
15.35
Fund Inc.
Scudder, Stevens & Clark
Oct.
Ask
0.95%
bl.00
0.96%
bl.00
0.96%
bl.00
0.96%
bl.00
0.96%
bl.00
0.96%
bl.00
1948
7.
ft
bl.00
0.97%
3.48
1
Russell Berg
1948.
16.51
3.18
1948
26,
2.
Sept. 9, 1948
Sept. 16, 1948—.
Sept. 23. 1948—Sept. 30.
1948-
0.95%
bl.00
Sept.
..
.
_
&
1948
Ask
Aug.
1
.'.
■
Petroleum
Oct.
.
1948
28.62
1
26.62
————-—•
50.68
11.34
12.27
20%
21%.
?
14,
?
'
Fund
Inc
Selected Amer Shares.
—2 %
£,
Investors
Street
State
.1.
.^-—lOcr'
Corp.*
Investment
6.52
79c
50.50
York City Banks & Trust Cos.
New
7.14
87.C-,.
53.50
*
■'
Manhattan
rt
of the
Bank
Par
Trusteed
Union
25c
Industry Shares
82c
A—-1
Fund series
Bond
91c
Bankers Trust
Series
B
——1
18.01
Series
C
—1
Central Hanover Bank.& Trust.20
89%
8.03
Chase National Bank
34%
39 V2
15 ;
1
20.52
22.43
Chemical
Wall Street Investing Corp
1
Wellington Fund——._____—1
10.05
10.25
Commercial National Bank
28.58
17.23
18.80
24.62
26.86
Whitehall
16.17
17.39
16.52
18.02
Inc.—
1
Bank-&
Trust
Co
Trust
,_10
&"ft
Continental Bank & Trust
Corn Exchange Bank & Trust_20
Empire Trust
9.76
10.65
1
17.25
18.82
22.84
24.92
Diversified
26.89
29.34
Series
Unit Type TrustsTrustee
Fiduciary
Shares—
2.50
Independence Trust Shares
Series
5.53
6.06
Series 1956
1,530
46
49
Co.
20
50%
52 %
Morgan ,(J P) & Co Inc.
National City Bank
-100
.12%
38%
40%
New
' 36%
—.25
85%
88%
Trust.17%
38%
40%,
76
80
Manufacturers
41>/2
ft
"
40
42ft
56%
Public
82
220
226
24%
x54%
Trust
York Trust-—
Nat'l
Bank
&
78
14
16
Sterling National
Title/Guarantee & Trust
34%
36%
United: States
__10)
17%
*
:
25
12m
Trust—
—100
8%
9%
555
585
2.79
2.50
North Amer Trust Shares—
5.62
-100 1,480
10
'
16%
3.50
1
16.18
14.3-3
5.15
2.49
1
14.83
13.16
Trust
'
274
8.00
1
Stocks)-™1
6.92
Ask
" 1,370
265
—10
l_50
Federation Bank & Trust
L
E—
.
._100
25
23%
10
Bid
.-100 1,310
93%.
1
—20:
_——
Bank
Trust
Irving Trust
Kings County Trust
Lawyers Trust
"
108
1.78
27.34
Fund
4i%.
'
A103
National
Guaranty
19.69
6.38
Union Preferred Stock Fund—1
First
320
39%
.___100
;
Par
2 6'/a
305
10
-
Ask'
24%.
100
Brooklyn Trust
21.48
Bid
Co^-10
Bank of New York
1
(Income
S-4
Bid
2-48
1-47
2-48
9.14
(Appreciation com Stks) _1
(Low Priced com Stks)__I
S-3
Due
8-
12-
5-
18.18
(Appreciation.pfd Stks)_ 1
(Quality common Stks)_l
K-2
Dated
11- 1-48
1.25%
1
(Low Priced Bonds)
Grade
.0148
1.20%
1
Bonds)
100.0066
2-
1
Union Common Stock Fund
(Investment
.0146
Federal Intermediate Credit Bank Debentures
Rate
1
Keystone Custodian Funds—
Ask
100.0065
1.55%
1
Steel
8.04
14.77
B-l
1, 1948 Series J
tls Oct. 1, 1948 Series K
1.45%
83c
Investors Management Fund—1
*
.0323
Bid
tls Oct.
Public
30.02
vf Investment Co* of America
•VInvestment TrUst of Boston
-.0287
Certificates of Indebtedness—
9.9,5
1
Standard Utilities
•9.73
lc
lc
Insurance Group shares
Stock and Bond Group
100.0114
100.0135
tl% Mar. 1,
1949
tiy8s Apr. 1, 1949
tl%s June I, 1949
fl'/aS July 1, 1949
Ask
11.41
1
Sovereign
Ltd—
100.0567
.0533
.0554
.0707
Bid
12.56
Shareholders Trust of Boston—1
00 institutional
100.0426
100.0431
9.08
1
Railroad
1.75
Plan
.0582
1, 1949—
Pacific Coast Invest Fund
8.55
6.15
ftft
t
100.0445
tl%S Feb.
10.75
1
Merchandising
9.48
7.88
1949
.0577
11.46
Oils
7.41
5.66
10.72
Metals
8.49
10.14
9.53
8.74
equipmentstock
Machinery
8.59
lc
lc
shares
1,
1%% 100.0441
1, 1949
1
series
Diversified
5.79
lc
shares
shares.—
fl'/8s Jan.
Certificates of Indebtedness—
l
bond
Insurance
Merchandising
Maturity—
.0145
1
supply
Corporate
Electricial
Petroleum
Price
Ask
7.33
Automobile
7.0»
(Mining
Bid
.0905
Stocks Inc—
Agriculture
7.uo
6.53
6.83
121%
120
11.56
New
a.xs
lc
1961
1% 100.0064
16.35
11.8b
ft Low Priced shares
Canal 3s
4.38
6.52
,
100.2
4.32
4.01
48.30
7.83
9.66
8.79
100,3
99.31
6.09
^b.»2
-
100.1
—T
3.81
Series
Series
10.95
5.33
7.77
7.92
'
100.6
1%% 100.0842
tOct.
5.14
Bond
Stock
lc
shares
Int. Rate
7.40
Priced
Equipment shares lc
V Food sharesv
—•
lc
Fully Administered shares..lc
"ftft General bond shares
—lc
Industrial Machinery shares lc
/
Institutional bond shares—_lc
Investing Company shares.lc
Chemical
1949 wi
100.3
tSept.15, 1948
1, 1948
14.76
1
Industry
1
Diversified Investment Fund-l
Diversified preferred stock
1
Electrical
1949
22,
Ask
100.1
99.30
—
tJan.
1
8.00
lb.20
<
Dollar
Maturity—
Chemical
ftftftAviation
15.
15, ,1948—
U< Si Certificates of Indebtedness
Securities—
7.20
Group
,
12!35
1
Fund
Building
s
,
ft..
'
1
/4
o.z*
Apr.
1.65s July
Panama
28.55
6.77
ftai
General
34
l%s
98.24
100.3
Bid
Jan,-20, -1949—
5.08
26 41
6.59
0."
■First Mutual Trust Fund
Fundamental Investors Inc
98.16
Sept.
l%s
.
point
a
Banks—
l%s
98.&
100.1
Loan
Other Issues
8.36
f
Series—,
Speculative Series
2.1b
I, 1953-1951
1955-1953—.—
1,
Home
5.40
•
7.63
Income
17.30
10
1
2
•Fundamental Trust shares A..2
Corp
Boston
4,01-
7.32
26.55
1.97
32%
5.61
14.86
5.92
ft Financial Industrial Fund Inc lc
-First
4.90
•,
1
Low
27.47
Jan.
2%S Feb.
100
32nds of
or more
4.17
Investors
Preferred
1.62
16.18
25.41
1
1
5
Fund
Fund#.—'.:
1 %s
99.26
98
one
Federal
4.74
1
bAS
Howard—
i Fidelity Fund Inc
1%S Oct. 1, 1950-1948.:
l%s May 1, 1952-1950—
Ask
4.55
4.13
3.78
4.30
10c
Gorp
National Security Series-
!0-^4
1.48
25c
Balanced
Stock
15-48
Fund..
Delaware
Nation-Wide
Bid
4.93
Stock Series
Investment
Commonwealth
Inc
Mass Investors 2d Fund
Mutual Invest Fund Inc
t
National
3,090
14®
141
5.92
100
——
Manhattan Bond Fund
Mass Investors Trust
-
com__100 2,990
Securities
Christiana
,,
Furnishings shares
lc
None-Ferrous Metals
lc
Paper shares
_ic
Petroleum shares
le
Steel shares
—jp
Federal Land Bank Bonds—
4.76
4.47
-
Home
Beneficial
Blair
Figures after decimal point represent
Ask
101.20
Loomis
29'/a
7.96
15.85
—1
Axe-Houghton Fund Inc
Axe-Houghton Fund B
Fund
Bid
•
Standard Oilstocks
Associated
•
Shares
Business
American
Obligations Of Government Agencies
*s'•'•'"" ■
Bid
Sescurities—;—1
Aeronautical
-
';i '■;V' '* *
■
Mutual Funds—
Knickerbocker
com
Fund
1
1955
Repent Security Issues
Insurance
Companies
Bid
Ask
Arkansas Pow & Lt 27/aS—1977
Par
Aetna
Casualty &
Aetna
j,
Insurance
Aetna
„.
ft
Life
Ask
Home
.5
27
45
Insur Co of North America
10
98
Jersey Insurance of N Y
20
38
42
10
49%
51 Va
60
20%
Casualty.
5
5
12
ft American Fidelity & Casualty_5
22
Equitable
Convertible
Massachusetts
Bonding
xl8%
Merchant
Assur
12%
1414
Merchants & Mfrs—
_2V2
15%
10
30%
3214
National
Reserve..
10
22%
2414
Fire
National
American
Surety
25
35
6614
Causalty
Bankers
&
Shippers
National Union
New
25
77
63%
66 V*
Camden
Fire
New
York
Fire
Hampshire
General
Casualty—
Life
Forster- Inc..,—
5
Casualty
31
2
Fire.
Fire
5
2.50
19%
21
Northeastern
80%
83 %
Northern
10
50
10
31%
33%
•
10.
31%
33%
Phoenix
68 Va
71 %
Preferred Accident
60 %
Providence-Washington
'
5
12.50
Aft Federal
——ft———
110
fc20
150
156
Fire
_10
53
56
10
104
108
'
Assn
H Fireman's
ft
of
Phila——
Fund of Frisco
Firemen's of Newark
5
57%
.
13%
General Reinsurance Corp
Glens
ft
lio
Falls—4.
Globe
5
&
Globe
&
2nd
Great
26
44%
28
46%
Louisville
Pow
&
&
York
New
Elec
Ohio
Power
Public
102%
3%s_2003
100%
100%;
1978
101%
102%
1981
100%
100%
3s
1978
100%
3%s—1978
102%
N Y State
101%
13%
14%
San
23%
25%
100%
101%
Indemnity Co
10
49 %
52%
10
84
87
103
10
31%
Co
of
Mo
3s__.1968
Reinsurance
4%;
33%
Republic
Corp
(N Y)
2
(Texas)
5
„
1978
102
*
26
1978
100%
3.50%
Par
Bid
1
8%
Broadcasting
4.20%
.
Ask
Industrial
pfd
conv
50
54
'■
■
■
'
.4%%
Texas
.
1948——*
.
102
Security
Surity...
(New Haven)
;
a
Odd
included in
10
27
29
Springfield Fire & Marine
10
43 %
45%
change,
Standard Accident
10
30
32
dividend.
73
78
31%
9%
'
Travelers
U S
10
28%
30%
Hartford
Fire
10
110%
113%
Hartford
Steamboiler
10
32%
34 %
U
S
100
Fidelity & Guaranty Co
Fire
Fire
545
560
48%
xEx
n
sale
103
■
.
year's range).
e
Ex-Interest,
(Un) Admitted
dividend,
y
to
Ex-rights,
Unlisted
z
105%
105
106
-
5%
pfd—25
27%
28
100
92%
93%
50
52
54
100
80
—
.
New
MexlC0-7
100
Co
*
82
15%
15%
1
1
„'
k„
•
k
preferred
Corp
'
.
f Flat
r
104>/2
100
ft.
Eastern
Tucker
(not included in year's range),
Admitted to trading N. Y. Curb,
•
12%
ft
_
13%«
r
—_
Transmission
"A"
100
•
l.,
'99%
2%
sales
(not included in year's range),
w
d When
delivered,
w 1
ft
> <
'ft : ■ '
•-->
d Deferred delivery sales
price,; It Admitted ta -llsting on ^ N. Y. Btock
Cash
Trading privileges,
v
13%
2%
ft
b Big yield price,
100%
13
(not
Ex-^
■
.
t Ex-stock
When
Issued,
ft
Ex-stock dividend.
50%
53
55
♦No
10
74
78
dividend
2.50
33
35
4
U S Guarantee
Westchester
2
lot
pfd
preferred
_
Seaboard
& Marine
v
95%
Tennessee Gas Transm's'n Co—
Loan—
series
100
(Indiana)
of
94
& Sons Carp Co—
Carbon
"ft.-
9
•'
..ft—
ft.
ft-
Beneficial
81
10
(Alex)
Speer
Stocks—
American
96%
'104%'
& Gas—
Elec
preferred
Service
Smith
,101
28
78
&
Public Service
103
5%
10
Gas
Public
3s—■
$4
12%
Electric
Pennsylvania Electric—
3.70% preferred
Pitney Bowes 4%% pfd
101%
Wis-Michigan Power 3s
25
3%
Elec
West Penn Power
Fire
5
Union
7%'
83
95%
103
100
„
Pacific
102%
101%
1978
100
.preferred
Okla Gas & El 5%%
v
V
102%
6%
Diego Gas & El 3s
:
"
Light-
—
4.50%
101%
Pacific Pwr & Light 3%s—1977
Edison 3%s—
1978
92
107
49
pfd—100 X106
England Gas & Elec—
4%% preferred
v
Potomac
&
pfd.50
84
New
,103%-
,
Power
preferred
pfd.100
conv
Kentucky(Utilities 4%% pfd.100
101%
3s
Service
4%
3Va_ —1978
Telephone 3s
Ohio
Kansas City
ft
•
,
Lt
Nashville
Narragansett
10'/a
30
Louisiana
24
American
t
102
102%
14%
20
Hanover Fire
101%
101%
,
Republic—.—
5
Rutgers Fire com—_ 15
preferred
15
5
1978
1978
„
29
Pacific
St Paul Fire
ft
3s_
Light 3s_
33
52
Fidelity & Deposit of Md
ft*
Tel
„
Ask
90%
4%%
Ind'polis Pow tt Lt 5%
43%«
Pacific
Employees Group Assoc
Employers Reinsurance
Bell
14
Bid
82
Florida Pow & Lt
102%
27
,
Par
Birmingham Elec $4.20 pfd__100
-
40%
10
River.
5
Connecticut
Continental
&
45%
10
"
Crum
27%/
43 %
81
10
25%
10
Amsterdam
North
ft
7%,
(Detroit)—10
Fire—:
New
Boston
x6%
17
63%
10
0 Automobile
29
„
Lt 3%s__ 1977
30
27
5
;
24%
28
.4
Illinois
Iowa Power &
51
23
_5
Power &
Stocks—
98
15%/
48
10
preferred_5
13%
20 %
'
Re-Insurance
American
■| American
ft
Assur
American of Newark—
$1.05
42
„
14%
'
10
39 %
American
1
97
Gamble Skogmo 5%
28%
63
Maryland Casualty common
$2.10 Prior preferred.
98
Packing 26/8sj-^„_1967
Georgia
102
—
97
Cudahy
Ask
83
43
4.
ft
Bid
79
Automobile
| American
Far
10
25
Alliance
American
Bid
10
Surety
Agricultural
American
>
par
value,
tin
default.
paid on May 10.
tThese
bonds
are
..
subject
;:ftft"'
to
all
Federal
taxes.
IE*
$40
eaan
'
ft'1
168 '' Number 4717
Volume
THE
COMMERCIAL & Vm&NCt&L] CHRONICLE
(287)
Week Ended
THE COURSE OT BANK CLEARINGS
1948
s
.
j' Baftk clearings this week will shew
r
Preliminary figures compiled by
an
increase compared- With - a
for all cities of the United States from which
above those
inary total stands
at
1947.
of
the
a
week* last year.
$13,684,671,620
for the
gain for the week ended Friday of 1.6%.
Our
900.915
—.
! New York
$7,197,831,443
—
Chicago
—
——
Philadelphia
;
•274,834,639
+12.4
249,900,000
+ 22.0
.
318,460,000
+
263,120,327
255,494,598
198,238,330
+ 19.3
$11,204,675,480 $10,539,438,994
2,542,473,515
All Cities, one
....
.
+ 46.5
+
9.4
6.5
4,712,044
808,433,315
6.2
issue of next week.
our
We
week
cannot
868,663,380
covered
Fifth
Federal
Reserve
7.4
we
able
are
ended
to
July 10.
was
ings for the whole country having amounted
430
in the
in
week
same
1947.
to
6.1
1.0%
cases
appear
Sixth
the week
as
going to
press.
of
previous—the
and in the
■'
-
Federal
July 10--
Reserve
3rd
4th
New
Districts
$
or
7,446,811,055
—12.9
7,573,886,137
758.016,844
808,433,315
6.96,248,505
703,347,470
337,595,478
370,675,633
599,839,911
473,183,765
785,238,351
870,037,045
363,172,326
384,430,334
309,932,164
295,376,042
419,172,833
443,147,588
232,443*800
246,005.997
11
7
_
6
6.2
—
868,653,380
*
1.0
—
657,921,045
17
8.9
334,713,795
7.7
—
+
489,864,002
but
...
.
4
.
Kansas
7
10
9.7
799,799.225
12th
6
_
264,207,048
San
405,199,732
10
_
Total
657,755,664
cities
112
Outside
New
York
City
-
715,249,551
6,074,519,397
Federal
Reserve
add
now
detailed
our
statement
1,670,961
1947
$
at—
Inc.
•
1,800,888
•
Portland—
:
;»
5,872,057
4,375,050
Fall River—
„
Lowell
—
4,740,821
419,660,850
1,551,287'
—
5,618,821,423
12,989,126
—
3,185.085
731,899
—
$
——
9,653,723
5,906,981
1
5,388,073
24,121,735
| 8,945,754
35,592,300
1,258,981
455,490,629
Jamestown
New Vorlr
-i
—
1,635,008
8yrat use—.—,.
...
Connecticut^—Stamford
New Jersey-+-Montclairj.
I—.
1,801,247
7,194,487,033
18,083,821
17,593,896
10,644,673:
8.909,940
666,122
__
681,401
35,777,646
Newark..
Northern New Jersey
cities)
-
11,058.769
———
399,327
313,549*
102;318,56O
86,148,206',
7.7
489,864,002
+ 16.2
I,339,945
897,570
5.8
7,768,773
6,685,543
—16.6
4,012,475
3,326,204
+ 15.3
5,382,623
6.8
43,065,000
3,752,804
34,149,000
0.7
3,985,553
3,603,855
36,373,200.
+
424,953,546
.
—
—
—
5.5
II,249,207
45,809,373
2,881,933
—15.5
23,354,496
8.3
12,863,488
—
—
+,67 9
_
11,715,578'
15,346,162
9,0,19,234 *
616,95#
952,816
-<•11.8
616,997,755
5.9
3,016,344
—
538,203,610V
■
-
10,680,564
4,918,146
3,519,171
2,023,939
.
.
—
•9.6
10,524,461
+ 20.1
....
1,864,457*
7,268,501*
3,469,959
2,580,109
0.2
3,125,019
2,267,627
9.7
+
799,799,225
679,694,354
227,500,000
96,737,359
58,239,967
-
-
-
7.3
170,900,000
3.6
94,712,077
1.6
58,787,670
180,500,000*
75,268,350)
43,419,930 +
i,953,008
-13.8
1,299,138
384,430,334
5.5
325,698.885
300,259,353
5,151,940
5,595,44#
156,615,666s
1,071,067C
Federal
Reserve
District—Minneapolis—
6,098,648
4,598,142
212,090,349
203,591,081
+
4.2
180,743,571
71,502,190
68,357,065
+
4.6
61,095,136
50,160,553
5,775,737
5,660,152
+
2.0
South Dakota—Aberdeen
4,982,592
3,709,795
3,470,145
3,429,869
+
1.2
2,466,702
2,823,131
2,960,806
4.7
2,863,668
1,537,029
8,171,964
6,778,927
+ 20.5
6,903,439
4,636,617
309,932,164
295,376,042
4.9
264,207,048
224,223,941
North
Dakota—Fargo:
1
Helena
Federal
Reserve District—Kansas
+ 32.6
—
.
1,968,839
+
40,294,048
46,820,857
49,222,074
6,484,877,267
7,446,811,055
City'
597,502
426,429
548,517
549,263
6,023,748
Lincoln
Gmaha
6,105,285
109,152,726
99,407,105
,
Kansas—Topeka
Pueblos
+ 40.1
380,752
—
0.1
507,465
'425,850
1.3
5,824,225
5,126,829!
93,264,743
81,778,062
8.9
6,881,665
8,200,256
—16.1
5,805,338
14,603,699
—11.3
-13,200,441
3.4
273,846,501
»
8,226,304
290,668,266
9,547,051
2,007,374
2,161,635
1,849,869
1,732,978
419,172,833
—
202,081
1
—
—
12,949,990
280,680,759
—
Total (10 cities).
5,590,713
4,584,082
443,147,588
—
—13.8
—
+
3,738,000
9.752,613'
217,590,448
9,040,311
6,757,309
7.1
1,771,630
1,350,993
6.7
1,558,326
1,224,450
5.4
405,199,732
1,292,935
n
454,402,351
30,493,390
Galveston
5,235,000
Wichita Falls—
896,859
;
6,827,090
192,341,000
21,353,104
3,362,785
4,619,000
3,251,642
7,407,349
8,473,875
232,443,800
246,005,997
5.5
327,946,641,
216,982,332
Fort Worth-
18,299,200
....
6,387,081
188,698,481
Dallas™,-
6,708,552
19,268,200
9.7,
Texas—Austin
17,090,146
9,141,367
—
Eleventh Federal Reserve District—Dallas-
4,384,193
*
Louisiana—Shreveport
*
444,380,600
'•
vV
33,310,480
+ 1'3.5
2,112,827
—16.6
+
—
•
4.8
59,959,229 *
Total (6 cities)
I
C.4
6,097,294
1.9
172,942,000
129,644,000'
—30.0
19,004,90S
—
—
3,393,709
+
13.3
23,872,455
4,122,000
+
3.4
2,308,980
2,167,760
—12.6
7,639,603
5,912,963
3,385,000
163,508,341.
->*'
12,596,117
Twelfth
2,080,497
1
.
l,175v715
9.2
-I
72,780,090
1,318,052
—12.9
7,366,197,201
6,857,694,662
+
2 8
15*244,182
3.9
9,18?,357
+ 53.4
8,127,291
—
2.2
—11.2
*
...
iW
il'V"
679,013
;
43,867,037
7,573,886,137
7,049,460,068
—
Total (10 cites)
r.
——
49,383,153
—11.6
38,412,598
29,652,501
11,641,775
—10.5
9,846,874
8,723,360
8,720,205
9.3
8,020,800
6,787,704
413,187,527
—15.8
343,834,406
10,891,077
12,486,802
—12.8
9,222,683
3,736,047
—
70,653,306
4,421,077
—15.5
3,569,085
i 7,425,027
8,496,383
6,887,225
657,755,664
715,249,551
12,009,783,772
13,269,006,430
5.740,343,304
0,074,0*9,007
42,199,303
—12.9
Grand Total (112 cities)
*
Aiif ciHo
95,683,496
3,714,702
348,027.524
—-—
Santa Barbara
Stockton
29,572,510
83,010,450
86,634,067
7,909,549
San Francisco—
527,381
32,500,792
4.9
—
5.3
9.8
+ 10.2
10,413,507
—
San Jose.
l,
+
3,943,569
114,556,663
43,673,010
-
California—Long Beach
Pasadena.
90,021.555
126,216,140
;
Utah—Salt Lake City.
7,721,552
7,634,978
94,837,020
3,555,407
Oregon—Portland-
14,226,379
+
Reserve District—8an Francisco—
Yakima
1,108,547
1,530,013
Federal
Washington—Seattle——
4A
-
.
4.1
7.4
+
—
1,256,813
20,825,980
.
—42.3
>.
6,264,440,378
_
6,596,026
'
1,288,843
-
7.8
*
76,777,969
1,351.355
9.0
—11.1
13,663,363
„
Rochester——
Total 12
2,340,805
64,047,450
..
+
42,769,126
—
,'4—-
—
V-
2,657,781
+
Ilmira—_4__
—
512,308,635
24,674.717
-
*
—21.3
55,358,300:
5,376,995
1,683,199
St. Joseph
—i—
Colorado—Colorado Springs
6,472,906
—40.7
1,381,346
,.
-
0.1
—
363,172,326
3,364,705
1,328,470
+ 47.9
21,112,600
York—Albany——
Blnghamton
Buffalo—
2,429,275
55,471,781
870,037,045
57,330,900
St. Paul-
445,718
22,230,491
Second Federal Reserve District—New York—
New
2,651,024
3,089,715
61,039,709
68,252,918
1,402,979
13.230,144
—
664,006,327
2,822,134
93,258,227
383,872,877
603,585
4,903,925
Total (12 c.lties)
3,511,391
6.1
1,068,757
*
210,900,000
J/
4,779,977
2.7
Ne)v Hhrnpshirp—Manchester—
3,369,387
3,527,084
382,843,523
,
0.1
+
-
41,437,763
162.100,000;
+ 10.6
—
4.6
785,238,351
Missouri—KansasGity-
1,673,734
+
NewHaven^
.
2,654^566
1,067,854
9.6
1,666,906
Rhodclsland—Providence.
—
3.7
13,267*831
1,794,008
585*453,714
Minneapolis
$
4.8
6,573,264
—
13,660,04*
13,829,816
3.8
+
+
28,076,877
Total (4 cities)
Ninth
1945
1,587,592
7'.7
1,668,558
...
305,200,653
4,940,057,632
1940
5.8
6,752,417
_
334,713,795
+ '
23,738,748
Hastings
or
Springfield
_
8.9
—
12,417,019
-12,164,612
Minnesota—Duluth
July 10
NewBedfordLc
Worcester—.:
50,144,68#
52,647,098
*
54,593,288
Nebraska—Fremont
—10.5-
1,716,370
697,118
ConnepticuL—Hartford.
5,091,831
46,921,000
5,413,490
5,375,248
Kentucky—Louisville
11,797,752,294
Dec. %
1,911,682
375,786,805
Massachusetts—Boston——
5,501,591
43,712,000
Wichita
Maine—Bangor
8,877,783
4,585,912
Tennessee—Memphis
Illinois—Quincy
District—Boston-
First Federal Reserve
166,459,235
63,755,663
Eighth Federal Reserve District—St. Louis—
Tenth
1948
Clearings
,
172,980,478
showing the figures for each city for the
Week Ended
>
1,438,039
8,361,238
Missouri—St. Louis
week ended July 10 for four years:
!■
473,183,765
Peoria
531,127,305
12,985,018,624
5.4
—
2,597,807
6.2
0.2
—
—
Montana—Billings
593,690,692
9.5
—
1.8
+
76,860,871
District—Chicago—
Total (7 cities)
We
423,553
509,839,911
Chicago—
163,508,341
5.0
13,269,006,430
5,745,343,394
_
12,009,783,772
71,042,615
7,777,043
Decatur
327,946,641
216,982,332
44
Francisco
2,902,194
92,771.199
Illinois—Bloomington—
224,223,941
5.5
—
1,732,063
7,406,006
83.733,503
2,883,225
57,526,540
440,990
—
300,259,353
5.4
—
2,484,926
8,876,000
9.5
+
679,694,354
325,698,885
4.9
+
44
11th Dallas
647,256,373
2,949,920
173,300,000
65,139,235
Rockford
5.5
—
—
44
City
657,921,045
+ 46.9
85,864,844
424,953,546
44
Minneapolis
1.0
—
—26.4
3,711,928
6,116,885
Des Moines___. ——
Sioux City—
305,200,659
.
44
Louis,
St.
249,764,88T
—13.4
70,978,992
Terre Haute
647,256,372
44
Chicago
8th
239,399,425
15,311,684
61,148,687
Wisconsin—Milwaukee
Iowa—Cedar Rapids—
.
10
...
4,337,817
C.7
—
67,504,314
'
3,210,461
South Bend
699,741,114
44
-
6,042,849
444,380,600
44
Atlanta
22,232,000
3,298,284
4.3
146,600,000
49,663,431
Lansing
Indiana—Fort Wayne
Indianapolis-
7,049,460,063
.
44
Cleveland
22,354,700
+ 32.4
1945
454,402,351
44
Philadelphia
13,263,071
3,852,550
Seventh
$
—11.1
370,675,633
215,300,000
Springfield
$
512,308,635
66,374,396
Arbor
Grand Rapids—
Reserve
1948
Dec. %
455,490,629
6,484,877,267
12
Richmond
10th
cities
+ 27.1
—
District—Atlanta-
Total (17 Cities)
Inc.
3,180,292
177,546,075
Michigan—Ann
CLEARINGS
1947
Reserve
Total (10 Cities)
In the Kansas
44
York
6th
9th
BANK
4,900,696
119.908,821
243,162,225
—16.4
Mississippi—Vicksburg
Reserve District
gain of 4.9%.
a
Federal
Louisiana—New Orleans
by Federal Reserve Districts:
$
12
5th
7th
OF
1948
Boston-
2nd
summary
SUMMARV
Week Ended
1st
a
6,404,492
144,727,398
-!
Mobile
decline
a
Atlanta
and in the St. Louis Reserve District' of
5.5%
furnish
'
v
"
—20.8
337,595,478
Alabama—Birmingham
week
Philadelphia
In the Cleveland Reserve District the totals
show
we
899,741,114
V,;,;:V :'"VVV ''^
;VV,V;'V
'1
235,693,897
3,033,099
3,238,696
Florida—Jacksonville
a decrease of
5.4%, in the Dallas Reserve District of
5.5% andjn the San Francisco Reserve District of 8.0%.
following
5,598,200'
1.0
—
11,745,000
108,796,771
Macon
City Reserve District there is
the
703,347,470
66,209,075
Augusta
present further below
week
11.1%
in the Minneapolis Reserve District the totals show
In
252,688,361
166,612,393
Columbia—Washington
Georgia—Atlanta
Outside of this city
the totals register a loss of 9.7%
5,185.045
7.5
—
2,536,115
Tennessee—Knoxville
has to be- estimated.
and in the Richmond Reserve District of
8.9% but in the
the totals show an improvement of
7.7%. In the Chicago
District
5,695.491
2.0
12,860,000
Total (6 cities)
$12,009,783',772 against $13,269,006,-
falling off of 12.9%; in the Boston Reserve District
of
3,416,438
86,139,199
Carolina—Charleston
District of
there was a loss of 5.4%, the
bank clearings at this center
having recorded a decrease of 12.9%. We
group the
cities according to the Federal Reserve
Districts in which they are located and from
this
itf appears that in New York District (including this city) the totals record a
Reserve District of 6.2%.
1,956,321
•
:
District—Richmond-
Maryland—Baltimore
0.9
decrease of 9.5%, the aggregate of clear¬
a
26,913,400
4,523,926
5,449,257
250,922,599
Nashville___
at time of
we
complete results for the
For that week there
260.075.948
34,19^,100
._—11
IIIII1"
_T_
147,385,813
257,486,085
Virginia—Huntington
South
6.5
+
today, inasmuch
statement, however, which
give final and
7,172,019
136,354,043
/
Virginia—Norfolk
by the foregoing will
furnish them
Saturday and the Saturday figures are not available
Accordingly, in the above, the last day of the week in all
the elaborate detailed
—
2,163,386
;'>v
7,314,405
*
696,248,505
West
—
$13,684,671,620
ends
In
,vl,942,710-
5,509,596}
+
Total (7 cities)
6.3
+
778,277,946
$14,518,729,859
Complete and exact details for the
In
3,340,856
2,475,575
2.4
+
2,366,954,680
771,580,864
...
Total all Cities for week
.
2,417,29&r•
3,778,572
•„
7,122,942'
1-111
Cleveland...
+
$13,747,148,995 $12,906,393,674
day
,
5,163,450
—
—
1.4
2,820.701
Richmond
Cities, five days
2.9
+ 43.7
236,576,487
Total all
+,
+'
•
Pennsylvania—Pittsburgh
+ 17.4
i Baltimore.
cities, five days
4,275.816
2,307,144
758,016,844
Mansfield
367,048,060
days
2,003,745
675,000,000
2,213,358
5,498.359
Youngstown
308,946,168
Ten cities, five
2,703,308
842,000,000
7,794,153
coiumbus
326,242,000
Pittsburgh
Cleveland-
*855,997
0.1
4,133,020
Cincinnati
+ 15.3
+ 13.0
.
6.7
—
4,399,623
Delaware—Wilmington.
+ 11.3
847,000,000
304,900,000
X San Francisco
Other
611,052,049
183,-391*
1,257,630
857,747.
—22.4
—
2,339,428
:
439,645,917
Louis
2.4
+
veland—
977,000,000
Kansas City
1
2,059,634
2,476,111
York.
Ohio—Canton
496,942,515
—
1,092,583
779,000.000
Wilkes-Barre
1.6
+
309,007,084
I Boston
I St.
$7,081,693,136
680,181,723
-
1,147,211'
—29.4
*
3
1945
*
Total (11 cities).
1947
8.9
945,386
1,922,253
Clearings—Returns by Telegraph
1948'
988,929
2,057,903
New Jersey—Trenton
Week Ended July 17
1946
.
1,273,202
727,000,000
Scranton
*
•.
or
Dec. %
667,227
Philadelphia
Reading
com¬
*•
July 10
Inc.
1,303,963
Lancaster
parative summary for the week follows:
-
Dlstrlct^PhiUdeiphik--
Chester
in
week
Federal Reserve
Bethlehem
Our prelim¬
same
5
••
Pennsylva nla—Altoona.
Saturday, July 17, clearings
it is possible to obtain weekly clear¬
corresponding
$14,518,729,859 against
At this center there is
year agov
based upon telegraphic advices from the chief
us.
cities of the country, indicate that for the v/eek ended
ings will be 6.1%
Third
1947
43
Maur Vr»rlf
—
—
+ 23.4
—
—
2,940,069
'
300,577,000*.
7,817,634 av
2,331,767
.
5,960,46tii
8.0
593,690,692
531,127,305
9.5
12,985,018,624
11,797,752,294
5.618,821,423
4.940.057,632
6.4,
>
.
U
THE
(288)
Monday/July 19, 1943
CHRONICLE
FINANCIAL
&
COMMERCIAL
Company and Issue—
Foreign Exchange Rates
requirements of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank certifies daily
Secretary of the Treasury the buying rate for cable transfers in the different countries of the world. We
give below a record for the week just passed:
Series
3%, due
Series
S,
EXCHANGE
CERTIFIED
RATES
FEDERAL
BY
JULY
9,
1948
RESERVE
TO JULY
15,
TREASURY
TO
BANK
UNDER
TARIFF
INCLUSIVE
1948,
1981
PARTIAL
Country and Monetary Unit
Argentina, peso—
For "regular"
For
Australia, pound
tp to
to
ft*
to to
to to
# ■)
t-
toto
to to
Closed
3.212296
3.212296
3.212296
3.212296
3.212296
* «
1st
.251247'
Belgian, franc
.022798
.022803
.022804
.022806
.054406
.054406
.054406
1.000000
1.000000
1.000000
1.000CUO
.928125
.931562
.929687
.929765
.927265
$5
Canada dollar—
—
-
to to
* *
Colombia, peso.
.
/'
Food
Fair
.020060
.020060
.020060
.020060
.020060
Kline
.208604
.208566
.208566
.208566
.208574
Marcy,
4.031406
4.031406
4.031406
4.031406
Free
.003267'
.003267''
.003267'
.003263'
.301691
.301691
.301691
.301691
.205726
Netherlands, guilder
.205726
.376625
■»
.205726
.376500
.376437
1.000000
.929166
.926875
.927083
3.225166
3.225166
.201580
.201580
.201580
.040331
.040331
.040328
Co.,
.091324
5%
mortgage
Co.,
7%
Portland
1954—
*■
52687
July 13
1
bonds
6%
—Aug
due
stock
preferred
614 %
Co.,
1956
A
series
Cement
Terminal
Co.,
3%%
mortgage
§2689
Aug
1
stock—Oct
preferred
1
§2793
Oct
1
w
Aug
1
*
Aug
1
*
Dallas—
bonds,
due
ENTIRE
1967
Butte
Electric
Corp.,
Co.,
.278242
.278250
City
.233628
.233628
.233628
.233628
Klngsburg Cotton Oil
4.007500
4.007500
4.007500
4.C07500
Closed
4.007500
.278242
.278242
CALLED
of
Castle
New
Date
Oil
Power
.091324
.
ISSUE
Company and Issue—
Anderson-Prichard
.278250
Union of South Africa, pound
due
notes
1 *
1
Process
stock,
.091324
i
—-
Switzerland, franc
f.
s.
leasehold
.233628
Spain, peseta
314 %
47
1st
.091324
Closed
3.225166
Sweden, krona
44
debentures, due
Safeway Stores, Inc., 5% preferred stock
Sun Ray Drug Co., 15-year 314%
debentures
.040341
.091324
*
1
A
3%%
52589
.201580
.040334
1
series
15-year
3.225166
.201580
Zealand, pound
Norway, krone
Portugal, escudo
Aug
1962
Aug
debentures
—Aug
Corp.—
Inc.,
.924791
3.225166
.925625
New
52683
1
1.000000
1.000000
1.000000
43
1
1
Union
1.000000
1
Aug
New
Newfoundland, dollar—
Official
43
Oct
York, Inc.—
Sep
Pacific
.205726
.376625
.205726
.377000
-
New
Monongahela Ry„ 1st mortgage 3'As, series B, due 1966-Aug
.004671'
.004671'
.004671'
.004671'
.003272'
.301691
.
Uruguay,
Electric
preferred
India, Dominion of, rupee
Mexico, peso.
of
McCord Corp., 10-year 4!/a%
debentures,
Merritt-Chapman & Scott Corp.—■
(Metropolitan), franc—
.004671'
■
■>
52484
1
stock
Stores,
1st
1
Oct
Co.—
bonds, series A
bonds, series B
Brothers
Czechoslovakia, koruna
Closed
1
Aug
Terminals
$5.25 preferred stock,
Deerfield Packing Corp.,
**
•;'•/+. * $
•
Sep
14(5
1
514%
preferred
Denmark, krone
England, pound sterling
4.031484
Pagoi
Oct
bonds, ser. D, due 1962_Sep
mortgage 414 %
Cornell-Dubiiier
Official
France
ref,
Union
mortgage
1st mortgage 5%
Consolidated Edison Co,
.054406
1.000000
1st
.022806
.054406
and
Cleveland
.200000'
Brazil, cruzeiro-
Free__
Date
•
Foundry & Machine Co.—
6 V2 %
bonds
Clinchfield & Ohio Ry.—
mortgage 4s, series A, due 1965
Chicago & Western Indiana RR.—
.297733'
Si*
to to
••£<-
**
501
REDEMPTION
1st
$
$
# #
products.
Aug
2
July 30
stock
mortgage
Carolina,
July 15
July 14
July 13
$
$
$
$
products—.:
"non-regular" products—
For certain industrial
July 12
July 10
*
*
Bethlehem
1st
July 9
2
July 21
preferred
Sugar
Company and Issue—
Buying Rate for Cable Transfers in New York
Value in United States Money
Noon
*
2
;
Poll-New England Theatres, Inc.—
1st mortgage 5s, due 1958—
1930
OF
ACT
2
—Aug
1976
due 1978
Co., $5
3%,
Guantanamo
Aug
Aug
1969-
2%%, due
Series R, 2%%, due
Q,
Pago
«
,,
Series P,
Pursuant to the
to the
FOREIGN
Date
Consolidated Gas, Electric Light & Power Co. of Bait.—
1st refyRdfeig mortgage sinking fund bonds:
414%
conv.
mtge.
5s,
1st
Water
pfd.
due
Pago
stock__July 31
14(5
1121425
1951
Co.,
6% preferred
preferred stock
Any time
stock
July 26
*
1
§2789
serial bonds, due 1949
July 15
serial bonds, due 1950
July 15
414% s. f. bonds, due 1964
July 15
New York Gas & Electric Light, Heat & Power Co.—
Purchase money 4%
bonds, due 1949
Anytime
Ohio Power Co., 6% debenture bonds, due 2024—Jun.
1,
40
Ottawa Electric Ry., 1st mtge. 214%
serial bonds
Aug 12
New
Brunswick
1st
Co.,
Power
Aug
Co.—
.658300'
.658300'
.658300'
.658300'
Noncontrolled
.561800'
.561800'
.561800'
.561800'
.561800'
*
mortgage 4%.
u
1st
.658300'
4%
1st
peso—
Controlled
mortgage,
mortgage
*
t2004
.
•Nominal rate.
♦♦Temporarily omitted.
Tennessee
Statement of Gondition of the 12 Federal
all reporting
York
Reserve Banks Combined
of
tificates
banks.
Union
member banks.
Holdings of Treasury cer¬
indebtedness declined $48,000,000 in New
Gas
Co.,
Terminal
1st
Dallas,
Co.,
♦Announcement
mortgage
City and $126,000,000 at all reporting member
Holdings of United States Government bonds in¬
Increase
(+) or
decrease (—) since
1948
Gold
certificates
Redemption
for
F.
Total gold ctf. reserves
Other cash
U.
S.
and
30,209
81,895
—
840
4
—
+2,224,494
108,591
—
+
2,-115,903
+
1,0)1
+
216,422
891
—
—177,250
8,311,331
4.931,407
Certificates
6,938
+
315,775
securities:
Govt,
+
254,509
advances
Bills
i/
563
22,314,753
Industrial loans
;
7,501
+
615,080
Discounts
$
R.
notes
.5
1947
$
21,699,6.73
fund
July 16,
1948
$
+
1,588,500
A
Bonds
6,320,519
110,638
+
21,521,057
14,112
—
,
+5,594,829
1
1948
F.
loans
from
R.
and
foreign
notes
of
securities-
21,837,072
banks
other
banks
+
32,487
Other assets
22,427
+
3,009,924
premises
53
573,580
+
4
+
4,487
+
—
129,331
+
3,958
—
Loans—net
assets
+ 541,626
47,700,583
539
:—
notes
—133,268
23,826.775
—
323,534
bank—reserve
acct.
17,630,864
46,537
+
acct.
1,861,300
+
20,161
441,920
Treasurer—gen.
+
1,274
Foreign
Other
456,260
19,651
+
—
deposits
securities
—
40,475
loans
estate
Real
banks
Loans
U.
to
Other
13,356
87,623
+2,346,111
20,390,344
+
2,709,042
+
582,056
+
230,083
14,424
+
931
+
3,620
Deferred
availability items
Other liab., incl. accrued divs.
loans
S.
liabilities
46,940,585
+
537,342
+2,256,280
U.
S.
198,917
-
note
of
gold
85.349
+
4~144
+ 541,626
47,700,583
88
+
41,303
+2,312,585
combined
liability
purchased
for
Federal
with
Reserve
vault—
foreign
make
0.1%
2.6%
—
287
—
6,418
—
14
—
4,010
Banks
banks—
Time
+
6
27
—
—
banks
Debits
67
10
—
—
4
+
6
+
489
——
—
accounts, except
Govt, accounts,
to demand deposit
S.
+
+
160
10
—
235
—
1-593
4,543
—
111
126
+
2,388
25,907
—
—
+
—
24
26
.3
165
30
47
+
+
+
+
—
—
+
+
+
+
1948,
30,
individual
Common
Formerly
industrial, and agricultural loans in¬
creased $15,000,000 in the Cleveland District, $14,000.0000
each in the Philadelphia and St. Louis districts, and $58,000,000 at all reporting member banks.
•
Commercial,
Stock
-
Holdings of Treasury bills declined $69,000,000 in New
York City, $30,000,000 in the San Francisco District, $28,-
000,000 in the Philadelphia District, and $111,000,000 at
Mfg.
Atlantic
Coast
loan
Corp.
&
Class
7
Best
items
&
$3
reported
are
Blue
of net as
to a gross
Corp.
A
Real
Bruck
Burroughs
Common
$1
Inc.
$1.20
Notices
Canada
Canadian
bonds, notes,
Ltd.,
de
&
NOTICE
Frank-Guenther
OF
Inc.,
TENDER
preferred
Appalachian Coal & Lumber Co.—
Mortgage leasehold 6% bonds, due
Bush
Terminal
Co-,.-1st
mortgage
stock
'
%
_
1952
4s.
due
*
Pag®
Co.
Copper
147
.
7-2L
7-31
8-14
7-31
8-14
7-23
15c
8-16
8-
8-16
8- 2
8-
7-21
(quar.)__
t62'/2c
r
7-15
1
2-
15c
9-1
8-24
16c
8-25
7-20
50c
9-
J30c
2
8-22
9-15
75c
9-
15c
8-
9-10
1
2
7-31
;
.
i'
8- 2
-
'j
pfd.
7-15
8-
1.J,
7-15
9-
1
8-10
t$1.25
75c
$1
50c
7-15'
t-15
7-30
8-31.+
8-14
8-
2
.
.
common
preferred
(quar.)
-
7-31
7-22
37'/2c
8-2
7-23
75c
8- 2
7-21
35c
Corp.—.—
Trust (quar.)
1947)
1
30c
(quar.)
(quar.)__
l !
8-
$20c
Ltd.
8-
25c
(quar.)
preferred (series of
$J.20 preferred
7
J25c
Chicago, Wilmington & Franklin Coal (quar.)
Cochrane-Dunlop Hardware, Ltd., class A__
:
July 10
1952-—..—July 28
7-18
8-14
(quar.)——_
Chesapeake Corp. of Virginia
Chicago & Eastern Illinois RR.—
Class
A
(resumed).—.————
,X
_
7-19*
2
7-31
(quar.)
5%
Ltd.,
4%
52785
July 26
7-30
8-
50c
4%
Date
Law,
8-13
7-31
(quar.)
Co.
:
7-22.
2
75c
pfd.
Sugar Co.,
Cherry-Burrell Corp.
Company and Issue—
9-13
8-
8c
(quar,)_
ing tenders,
which the details
Albert
7-21
2
40c
—
Chain Store Real Estate
given in the "Chronicle."
8-13
8-
1_.t5c
(quar.)__—
The date indicates
the^/redemption or last date for mak¬
and the page number gives the location in
9-22
8-16•
Adding
Pasco
8-18
1
quar.)
Railway Signal, $4 class A (quar,)_
Century Shares Trust (s-a)
Cerro
1
9*
Central
and common stocks called for redemption,
those called under sinking fund provisions.
9-
7-22
(quar.),.
5%
Trust
Tractor
7,-10
7-
(quar.)
Utilities,
Caterpillar
7-10
2
$1.18%
B
common
Dominion
&
7-10
2
8-
2
(quar.)——
Manufacturing Co
preferred
2
8-
50c
class
(quar.)
8-
8-
(quar.)_—
preferred
5
40c
(quar.)..
common
Machine Co. (quar.)
California Water & Telephone Co.—
Redemption Calls and Sinking Fund
7-26
7-15
(quar.)
Estate
(F.)
2
$3
Mills, Ltd.
Burkart
7-21
8-
lOc
'
(Sidney)
Fund,
9
of
pfd. (accum.)
(quar.)
(increased
Sons,
Corp.,
Boston
8-27*
8-
8-
$1
Co.
(quar.).—
(Phila.),
preferred
9-10
p.30
50c
Corp.,
Company
Ribbon
8-31
62'/2c
Guaranty
Stores
&
1
35c
(quar.)
(quar.)
Blumenthal
_
Below will be found a list of corporate
pfd.
Mfg
preferred
(J.)
10-
7-21
(cash
(quar.)
Mortgage
Shoe
Shoe
8-31
3%
Corp.
—.
Berland
I
!
$1.40
Cadwell
Beneficial
7-21
10-
25c
Machine Tool Co., 6%
4%%.
1
$1.25
&
S.)
9-
$1
America
(A.
7-21
1
Inc.—
conv.
Line' Railroad
Bond
7-2.7
1
50c
Artloom
as
Co.,
Plywood
8-30
9-
12'/ac
Bausch
,
7-20
7-20'
62'/2c
Beaton
•
1
9-
2
7-31
9-
50c
quar.)
419
•
(quar.i..
quar.)
Bertram
;
8-
25c
(s-ai
dividend
Asbestos
figures revised.
were
Jersey
(quar.)
known
dividend
174
9-15
60c
Company (irreg.)
Artloom Carpet Co.—
Boston
preferred
including
(irreg.)._
Appleton
The condition statement of weekly
reporting member
banks of the Federal Reserve system in leading cities
shows the following principal changes for the week end¬
ed July 7:
Decreases of $235,000,000 in holdings of
United States Government securities, $167,000,000 in de¬
mand deposits adjusted, and $192,000,000 in United States
Government deposits; and increases of $212,000,000 in
demand deposits credited to domestic banks and $278,000,000 in borrowings.
(reduced
preferred
278
489
+}?+■'
+ 278
+
9-16*
40c
+
W47
306
5
9-16:*
1
50c
Co
+
i.e., before deduction of valuation reserves,♦ instead
previously reported.
Year-ago figures have been adjusted
30
of New
167
52
gross,
"June
Co.
Stove
181
8-
2
10-
75c
192
212
8-20
10-
50c
—
+
7-17
62'/2c
common
—
—
5
9-16
1
50c
Hocking Glass
Animal Trap Co. of America,
26
8-
1
8-
12'/ac
Anchor
.
8-15
$3
(s-a>
Laundry Machinery Co.
Seating Co. (irreg.)
5%
8-6
10c
Insurance
Blaumer's
June
Corp.,
7-23
9-4
$1.75
(quar.)
American
4,874
157
1,299
—
Holder»
1
10-
4'/2c
common
<quar.)__,
preferred (quar.i
preferred (quar.)
American
basis,
Gondition Statement of Member Banks
General
Machine
8-
75c
(quar.)
American
493
27
260
When
Payable of Rec
12'/ac
_
preferred
American
19,218
week
tBeginning
Co.,
Gas
$3
240
34
814
180
619
4,668
9,047
—
U.
Foundry
preferred
Chicle Co. (quar.)
Equitable Assurance
Beck
—
and
&
American
demand deposits:
Domestic
(quar.)
Co., 5%
pfd. (quar.i
Shares, Inc. (quar.i
American
2,546
+
4
271
—
501—
3,831
+
311.
+
46,247
14,919
1,152
deposits adjusted
——
deposits, except Government—
Government deposits
Interbank
10c
preferred
Car
nor.-cum.
Bankers
Demand
S.
J50c
American
2,699
indus-
trial loans
+
25c
Extra
4,243
13,054
797
2,331
—
U.
during
cor¬
+
193
58
in
are:
share
Sugar
Business
7%
Liabilities—
interbank
2,358
to
+
bills
on
respondents
Commitments
in
Borrowings
50.5%
-
-
-
Foreign banks
re¬
192
+
+
week
(irreg.)
American
621
3,890
Atlas
6,548
8,366
+
27,543
certificate
+
to deposit and F. R.
liabilities
Contingent
£:?
140
+
+
448,189
Total liabilities & cap. accts.
serves,
-
r—
securities
Balances with domestic
Capital AccountsCapital paid in
(Section 7)
Surplus (Section 13b)
Other capital accounts—
Ratio
bonds
Reserve
Cash
Surplus
Co.
convertible
$2
3,739
34,431
securities—total
Government
bills
Treasury certificates of indebtedness
Treasury notes
Other
Total
6%
+
14,403
this
$2.50
Treasury
Total
S.)
Common
pur¬
purchasing or carrying:
Government obligations
S.
U.
+1,294,642
+4,105,300
announced
American
obligations—672
447
securities
Other
Member
(A.
Amalgamated
19^
—
table
Inc.—
carrying:
Government
S.
for
second
a
"General Corporation
in the week when
our
quar.)
loans for
Other
Deposits:
S.
or
Other
LiabilitiesFederal Reserve
dividends
(increased
July 9,
40
—
in
name
Aluminium, Ltd. (quar. )_i
Amalgamated Leather Cos.,
agricultural
dealers
and
brokers
to
chasing
62,606
23,932
24,175
and
loans
78,256
+2,312,585
U.
U.
—
Loans—grosst
Commercial, industrial,
142,278"
"
Loans
Total
k
Aloe
(In millions of dollars)
Investments—total
and
Loans
follow with
we
company
American
21,393
—
—
121,858
Uncollected items
Bank
96,011
—
*
Investment News Department"
The
—
49
Then
Per
1948-
*
1
164,
show the dividends
Name of Company
June 30,
HVol.
declared.
Dec. (—) Since
236,924
—
Assets—
Total
Due
and
member banks follows:
July 7,
Govt, securities-
due
§Vol. 167.
are
week.
we
under the
Inc. (+) or
Total U. S.
3%s,
165.
§1591
§2699
1
previously announced, bun
which have not yet been paid. Further details and rec¬
ord of past dividend paymeifts in many cases are
given
at all reporting member banks.
Notes
we
which
of the assets and liabilities of reporting
summary
iVol.
1950-Scp
1967_Aug
grouped in two separate tables. In the
bring together all the dividends announced the
current
ited to domestic banks increased in all but two districts.
borrowings increased $239,000,000 in New York City
and $278,000,000
—1,687,859
1,957,800
first
adjusted decreased $223,000,000 in
$167,000,000 at all reporting member
banks, and increased $38,000,000 in the Dallas District
and $34,000,000 in the Cleveland District. Time deposits
decreased $52,000,000.
United States Government de¬
posits decreased in all districts.
Demand deposits cred¬
deposits
New York City and
—5,732,394
52,500
+
Dividends
000,000 in New York City.
Demand
July 7,
July 14,
Assets—
at all
000
thousands of dollars)
due
DIVIDENDS
in the Chicago District and $26,000,reporting member banks, and declined $18,-
creased $16,000,000
(In
A,
ser.
1st mtge.
this Issue.
in
6s,
7-31
7-22
$1
7-31
7.22
$1
7-31.
7-22
50c
8-16
8-
5
.$1
8-16
8-
2*
50c
8-
2
t20c
8-14
7-22
8-14
(quar.t30c
7-31
-
7-31
;
■
Number 4717
Volume 168
THE
COMMERCIAL
&
FINANCIAL
CHRONICLE
(289)
'a.
*5
1
1
Name of
>"
;
Company
.
.
■.
.
Share
'
.
Per
*,When
Holder«
Per
Payable of Rec.
Name
of Company
'
City
Baking
Collins
Co.,
7%
Company
Colorado
Fuel
preferred
(irreg.)
Iron
&
#6%
convertible
Columbian
6%
Conduits
Co.,
Ltd.
Co.,
9-
9-10
8-13
Mine Hill & Schuylkill Haven'RR.
8-25
8-10
Monarch
7%
Co.—
7-15
6-30
9-
4
$3
clears
$3
all
Faber
Coe
Federal
First
&
First
Discount
convertible
(A.
a4V47o.
2
7-25
New
York
Air
8-31
7-21
New
York
Fire
8-
1
9-
1
t$2.50
8-
$1.75
2
7-21
C.)
Parker
2
8-
11-10
2
7-20
$1.25
$1.75
8-
7-15
.87'/2c
10-
2
8-16
8-
$4
(s-a»
$2
7-
8-
9-15
9-
1
9-
8-25
1
Shares
Mines,'
Ltd
Hormel
(Geo. A,)
preferred
Co., common
8-31
2
7-26
9-
8-13
1
8-10
9-10
8-20
8-
7-12
1
7-15
1
International
i
Investors Stock*Fund,
57c
Common
57c
7-20
Southern
7-22
8-
Sovereign Investors
Spencer Kellogg & Sons
6
1
8-16
.7-24
9-
1
tf
Extra
Stock
8-12
9-15
9-3
8-20
7-26
2
7-15
8-
8-20
8-
8-31
8-
5''
•Trade
8-16
8-
8-20
United
7-30
9-10
J.)
(cash
dividend)
for
of
each
100
United
8-17
7-31
1
8-10
1
8-14
9-
1
8-14
7-31
7-16
7-31
7-16
10c
7-26
7-15
8-16
7-23
'
Upper
50c
U.
Lamp
Works,
Theatre
S.
Shirt
(N.
United
Stores
Universal
90c
Inc.,
80c
Circuit,
Corp.,
Winding
Peninsula
$6.
pfd.
preferred
Power
2
10c
7-31
7-19
Corporation
:j McKales,'
Inc.
47c
f
Wellington
2
7-23
Westchester
8-
2
7-23
50c
7-20
6-30
9-
$1.06'/4
1
8-
8-
1
9-
1
8-6
8-
1
7-23
$1
8-
1
7-23
20c
(quar.)
$1 non-cum. preferred
(quar.)__
preferred (quar.)=**_
8-2
7-20
20c
common
.7-31
7r20
Wool
-
preferred
Woolworth
25c
8-2
7-20
York
$1.75
8-2
7-20
Yuba
(F.
Insurance
Co.
Power.,
(quar.),—
common
W.)
Combing Co.
.
1
40c
10-
J25c
40c
2
7-17
Atlas
7-24
7-15
Steels,
1
8-18
9-
8-18
Automatic
Avco
9-
2
8-15
8-
2
8-13
CO
Co.
10-
1
Baldwin
9-15
9-15
10-
1
1
8-13
8-
8-
2
7-20
2
7-16
9
7-26
7-22
8-23
8-23
$1.50
8-16
Baystate
7-12
9-10
7-30
9-
1
8-16
8-
1
1
4%
&
9-10
'•
(increased
Co.
8-
2
pfd.
8-
2
8-
2
Electric
(E.
Stock
W.)
of
Edison Co.
Personal
J40C
10-11
9-25
a-—_
50c
8-2
7-15
(quar.)___—
5c
8- 2
7-
8
2
7-
8-
1
7-18
8- 2
7-'#
8-2
7-8
8-
2
7-20f
8-2
7- 5
8- 2
7-15
9-
1
8-10
8-
1
7-20
25c
9-
1
8-16
56'/4C
8c
8-
2
8-
2
7-15
8-2
7-15
$1.13
$1.50
$1.50
1-15-49
9-
1
8-10
7-26
7-I5
7.15
10-
1
9-14
1-2-49
12-14
40c
7-20
7-1
f25c
9-15
8-31
112 y2C
9-15
8-31
$1
8-
2
7-29
15c
8-
2
7-16
9-1
8-'3
7-30
7-15
8-31
t37V2c
35c
(quar.)
(s-a)
f$1.50
10-
$$j.75
10-1
$3
1
(quar.)
;
(quar.)
7-15
8-
1
7-15
50c
8-
2
7-23
7-
$1
7-20
7-10
8-
2
7-15
50c
8-3
~ 7-H.2
8-10
7-26
7-16
$1
7-30
7-15
621/'c
?-15
8-
2
7-21
8-
2
7-21
60c
(quar.)
7-30
25c
$1
(quar.)
8-
2
7-10
20c
Pulp &
(accum.)
Paper,
Ltd
7-20
6-10
f40c
(s-a)
Products,
_—
2
25c
Forest
(quar.)
(quar.)
7-12
50c
8-
3
7-15
J 15c
8- 2
7-30
$$1.75
8- J.
7-15
$$1.25
7-31
7-15
25c
8-1
7-20i
25c
8- 1
7-20if
Ltd.—
Broadway Dept. Stores (Los Angeles)—
Common
8-31
7-31
20c
British Rubber Co. of
Canada, Ltd.—
5% preferred (quar.)—
Class B
9-30
12-31
« a
8%c
.
(quar.),,
Columbia
preferred
10-15
7-15
7.26
8%c
(quar.)
Property Trust
Columbia
9-
30c
(quar.)
British
i
8-
7-13
70c
Brantford Roofing
Co., Ltd.
8-10
6-29
100%
1
7-15
2
$1
(quar.),
(quar.)
3
1
7-30
8-
$1
(quar.)
Inc.
8-
8- 2
1
J25c
(quar.)
8-
9-
2
93%c
common
9-
7%
2
9-
$2.50
(quar.),,
(quar.)
8-15
50c
7-15
8-
8-
$1.50
5c
12y2c
British
9-1
9-1
8-30
J22y2c
com
(quar.)
pfd.
Corp., common
(quar.)
preferred
Boston
8-16
9-30
Ltd.—
Water- Co.
Co.
Boston
7-15
7-22
i5C
7-9
10-15
7-30-"
7-30
9-30
$1.05
8-
1
1
1
f25c
America
8-14
9-
9-
9-
7-23
9-15
J5c
7-31
2
.
9-24,
30c
:
$2 conv. preferred
(quar.),
^
class A
Booth
4%
9-30
f$l'.37y2
t20c
8-20
12-18
$1
conv.
50%
10-31
12-18
12-23
Corp.—
Company
*cla,ss\A-Fisheries
7-16
1
12-23
J25c
quar.)_
dividend
Bon Ami Co.,
7-16
10c
7-^9,
15c
(quar.)
preferred
Benson & Hedges,
Best Foods, Inc.
Bliss
7-20
30c
7-^
8- 2
fl5c
(quar.)
Bloomingdale Bros.,
7-31
$23
8-10
8-2
25c
49c
prior preferred
Corporation
Birtman
6-30
8-15
6-16
9-10
f$1.12J/2
(quar.)
8-10
1
6-30
7-23
$3
preferred (quar.)
Beneficial Corp., $6
preferred
Benrus Watch Co.
7-30
7-
9
$1
$1
7%
8-13
8-20
6-25
8-
Co.—
Canteen
Biddeford & Saco
25c
7-9
7-23
*
Belding-Corticelli,"Ltd.,
7-23
9-
7-20
8-2
7-15
$1.12J/2
Mfg., $4 preferred (quar.)
Co. (increased quar.)
Bathurst Power &
Paper Co., Ltd.—
Class A
(quar.)
1
9-10
7-20
7-27
4
$1.12Va
Bareco Oil
8-
9-
7-27
"
Barcalo
8-
50c
9-15
1-21
7-26
25c
Extra
1
10-22
i$l
Ltd
(quar.)
Co.,
convertible
10c
9-
7-23
1
Company
9-16
9-15
8- 2
11-
1-31-49
25c
Bangor Hydro-Electric, common
(quar.)
Barber-Ellis Co. of Canada, Ltd.
(quar.)__
2
7- 'dk
'
-
tlOc
(final)
Porcelain Steel Corp.—
convertible preferred
(quar.)
7%
2
7-15
7- ft
$56y4C
Ltd.
preferred
7%
8-26
1
8- 2
7-20
5c
Baltimore
8-26
9-
9-
50c
:
77c
preferred (s-a)
Baldwin Rubber Co
Extra
4
•
*
$1.50
6% preferred (quar.)
Baldwin Locomotive Works—
11-10
9-
7-19
$1.50
,
(quar.)
Refining
1
8-
7-19
$1.50
*
(quar.)
Manufacturing
6%
12-10
7-19,
2
"
$2.25 preferred (quar.)
Avondale Mills, common
(monthly)
4y2%-preferred (quar.)
9-15
9-10
2
8- 2
50c
Mines, Ltd
conv.
8-20
1
88-
$1.25
(quar.)
preferred (quar.)
Corp
Ltd.
(quar.)
Nichols
$1.20
1
90c
Ltd
County Gas- Co. (quar,)
Consolidated Gold Fields
Austin,
9-14
9-10
8- 2
10c
common.,
:
(quar.)
Wiborg Proprietary,
&
9-24
10-
7-'9,
$1.25
5y2% preferred (quar.)
Aunor Gold
9-30
$1.25
Canada,
Ault
7-16
7-16
9-
7-31
1
Mills—
&
Powder
8-
2
&
*
preferred (quar.)
3.75%
preferred B
Atlas
2
1
8-
50c
47c
9-15
9-15
8-
9-
25c
Company (quar.),
Refining Co.
-
1
8-
9-
9-15
I8V2C
pfd.__
,
-
City Electric,
9-30
20c
Co% "(quar.)
of
4%%
9-15
8-31
J5c
Atlantic
7-20
$1.50
__J.
common
Co.,
(quar.)
Ltd. (s-a)
Corp.,
Atlantic
2
8?
50c
common
Smelting,
(quar.)
(quar.)
Oil
Atlantic
7-30
8-
593/ic
57c
12-
$1.75
Topeka & Santa Fe Ry. Co.,
non-cum. preferred (s-a)
10-18
8-14
25c
(quar.)——
—
—
11-
8-31
87%C
4:20c
—
Fire
preferred (quar.)
3.60%
(quar.)
Wisconsin Public Service,
■57c-
9-13
>
9-^€
'
$1
Telephone Co., Ltd.—
57c
preferred (quar.)
4%% preferred
(quar.)
8-16
20c
Mills
37 J/2c
common
Atchison,
140c
(quar.)
67c
Co.
1
20c
—
Wisconsin Electric
i.
Insurance
9-
$1.31 y4
Westgate Greenland Oil Co. (stock dividend)
Westminster Paper, Ltd.
(quar.)
White's Auto Stores, Inc.
(quar.)
6
9-
45c
.
Extra
6
50c
—
(quar.)
preferred; (quar.)__
Michigan Bakeries,
7-19
8-
50c
-
—-
(s-a)
K Merchants & Manufacturers
*iVy,) .Semi-annual
7-31
50c
1
—
Mead
P
9-10
50c
20c
—
Corporation, common
.4Vi%. preferred: (quar.)
$2 2nd preferred (quar.)
Melville Shoe Corp. common
1
9-'l
Associated
7-14
Co.—
Vogt
7-23
Asbestos
7-14
8-11
22 V2C
preferred
2
10-
(quar.)
(quar.)
8-
18-16
8-11
Co.—
8-
Extra,—
7-20
1
$1
8'-16
;• MacoiL
8-
$2
9-13
;"i
Ashland
50c
conv.
9-15
Extra
1
40c
Inc
25c
$1.06
If McGraw Electric Co: (quar.)
9
9
$1.25
88c
62 Vic
Nashville RR.
(quar.)
M Woodworking Co.. (quar.)—
Macco Corp. (increased)
7-
20c
com.,
9-15
12-15
convertible
25c
pfd
Inc.,
$1.75
,
Telephone—
Equipment
7-
50 c
Distributors—,
convertible
5Vi7c
4y2%
Aro
8-
75c
Rubber Co., common
1st preferred
8 7c
3
7-15
3iy»c
(resumed),
12- i
preferred
25c
Y.)
&
preferred
8-16
40c
(quar.)
Chemicals,
United
8-16
15c
4V4Wprefer!ed A (quar.)
7-30
~50c
Pump Co
12-15
(s-a)
Argus Corp., Ltd., common
shares
pfd. (quar.)
Construction
(quar.)
7-15
$3
$1
Cotton
—
copy.
&
Tank &
preferred
9-
M' &
9-
&
preferred
•
7-^1
8- 2
preferred
Common
6%
Standard
p
*V
9-15
8-2
37V2C
(quar,)
(quar.)
(quar.)
Conveyor (initial)
Clayton
Common
7-4$6
7-15
Steel
$4.50
Arcade
9-/1
8-23
of
preferred
-4>/2%
7- 9
75
held
Anglo-Newfoundland- Development,
Anheuser-Busch, Inc
Appalachian Electric Power Co.—
7-26
:>
25c
9-10
$1.25
Artists'
57c
.87Vic
r
8-il6
9-10
7-23
37V2C
Anglo-Iranian Oil Co., Ltd.
7-20
6-16
8-31
7-M*$
lieu
preferred
Anglo-Huronian,
7-20
45c
50c
(quar.)
Realty
Oil,
1
7-26
45 c
2c
share
Bank & Trust Co.
9-
(quar.)
8-
10c
(Ind.).
&
prior
4V2%
8-13
*
Inc.,
Tokheim
5
1
Co
(quar.)
(One
(N.
dividend
Textron.
7-12
9-
Plastic
Lead
Anglo-Canadian
-
50c
&
50c
class B
Sons
——J
7-23
10%
p? Louisville; &
Extra
2
62 y2 c
(quar,)
Manufacturing Corp.
(quar.)
Waite Amulet Mines, Ltd.—
Walker & Co., class B_„_
Washington National Insurance Co.
Waterous, Ltd., class A
1
8-
25c
Company (quar.)
Texas Gulf Sulphur Co.
(increasedi
Extra:
5
2*
7-15
Co.
held).-
25c
Xquai\).——
7-23
50c
Co.
Cash
Swift
7-30
50c
—
p Lgnergdn Mfg. Co.,
p-Lowenstein (M.) &
Oil
dividend
Oil
10c
Theaters
7-16
2
40c
Quarterly
8-12
1
9-
California
Standard
7-24
8-16
50c
Lafayette
N. Y.)
Lehigh Portland Cement-(increased quar.)-Liqtfid Carbonic Corp., common (quar.)—
ft- 3 y2%0 preferred (quar.)——
2
8-
$1.50
(quar.)
8-
14c
(quar.)
<quar.)_
(quar.)
8-12
$1.25
Inc.
£'-
20c
25c
preferred
common
(increased
preferred
Tung-Sol
(accum.)
'
Loew's .Boston
Power,
8-1
$1.75
«
.
Pacific
Tishman
S.) Company- (ouar.)
National Bank (Brooklyn,
,«
$3.50
preferred
(quar.)
Signode Steel Strapping—
.
(S.
Kresge
Dohme,
6%
Railways of Central America—
preferred
7-21
tl5c
55c
Skelly Oil Co. (stock dividend)
Skilsaw, Inc. (increased quar.i
25c
(quar.)
8-16
85c
8-26
20c
pfd.
6
20c
in
rate
Extra
5
$5
(quar.),,
Co.—,-'
7-15
15c
77c-
810-
25c
(quar.)
7-1
50c
Irregular
8-16
10-15
7c
2
8-
45c
Insurance Co. of the State of Pennsylvania—
50c
75c
common
Zinc
Anderson,
6
$1.25
each
paid
the
*
prior
Anchor
7-2 3^*
8-
7-18
9-15
8- 2
$1.75
Corp.,
(quar.)
preferred
$15c
(initial)
7-15
SI
Harvester,-
A
9-15
$1.06 */4
(quar.)—*
8-14
8-16
7-27
-
Bottle
(quar.)
Viscose
67c
2
50c
for
be
at
(quar.)
6%
8-
5c
(quar.),
___
Sierra
6-30
$1.50
(quar.)-
bead.'group
'International
&
5 7o
8-16
1
7-22*
-
Anchor Post Products
6%
prior preferred
$1
Co.
Edison
will
shares
Thermos
•Common
American
7-23
8-16
50c
.
Shellmar Products Corp., coin,
(increased),
4%7c-- preferred (quar.),
Shirriff's, Ltd., 5% preferred (quar.)
Sibley, Lindsay & Curr Co. (quar.)
7-9
8-
37V2c
(quar.)—*
(quar.)1
(quar.)
Cash
Smelting & Refining,
preferred (quar.)
1st
American
6
9-
8-16
.
$5 prior preferred (quar.)
Anaconda Wire & Cable
6c
(initial).
Co.,
Dillon
Sharpe
7%
American
35c
preferred
Scotten
8-13
8-13
62y2c
—
(quar.)-
Co.,
$3.40
8-13
7-15
common
Paper
7-30
7-15
7-20
Potash & Chemical—
American
Share¬
;
50c
(quar.)
8-
7
2
7-22
(quar.)
class
3IV4C
.-—-I
8-11
1
12%c
(quar.)
Stores
25c
(quar.)
(quar.)
Co.
Scott
Institutional Shares—
,
Ltd.
25c
75c
common
1
9-
pfd
(quar.)
Class B (quar.)
$4 preferred A (quar.)
8-11
9-
8-<4
7-30
8- 2
10c
$1.50
A
5c
Co.,
&
25c
(quar.i
(quar.),
Hdward. Stores ;Corp.,
preferred
8-31
New
8-13
8-31
$1.25
& Co., common
preferred
8-31
8-31
37M>c
(initial 1
1
non-cum.
Detroit
preferred
Class
share
(quar.)
8-13
8-13
Co.—
pfd.
9-
of
held.
fractional
7%
Pil¬
u,.:.
8-31
17c
(quar.i
8-
Sayre & Fisher Brick Co,—
20c
common
8-16
1
30c
preferred
(s-a)
American Paper Goods
7%
preferred (quar.)
8-13
25c
8-14
9-
50c
(monthly),
$6
7-23
9-
75c
common
Rudd-Melikian, Inc.,
Class B (initial)
37V2C
preferred
(quar.i
Inc.
(quar.)
8-10
9-15
2s
8-13
(quar.)
Company
Corp.
Slock arid
10
7-15
9-10
7-12
9-10
75c
:
Corp.
for each 1/75 share
preferred (quar.)
American National Finance—
4%
of
,
Paper
5,
7-27
7-20
7-27
,
75c
$1
i
common
67c
7- 7
6-21
25c
(quar.)
•
7-21
25c
(increased quar.),
Products
9-13
:
7-20
125c
28 5/6c
Amer¬
Co.,
Non-resident
8-13
30c
(quar.i
*
Chemical
Illinois. Zinc
Rolland
Rose's
7-23
50c
8-31
(quar.i
Company,
Hooper
Pan
(quar.)
8-31
Co.
Lithographing
Holly
t
A
—
8-13
7-30
8-16
25c
8-31
Corp.
>
of
(quar.)
B (quar.),,,;
Textile Corp.,
Extra
8-13
8-13
7-23
Ltd.—
preferred
8-31
50c
1 Texas»
(quar.)
Paper
Sound
$4
7-30
lc
shares
Rio Grande
Valley Gas„_
Rochester-American Insurance
8-31
2c
preferred (quar.)
Stores, 5% conv.
4%
Class
8-13
5c
Plywood
Idaho Power
Mines,
<Riegel
8-13
8-31
Co.
7-26
7-20,
..
15c
67o
liquidating
Republic Investors Fund, Inc.*
Republic Supply Co,, of California
Reynolds (R. J.) Tobacco Co., com.
8-13
8-31
6c
Co.
;
■
8-31
8-31
Gamble
7-30
2
Co.
& Hoe,
Co.,
share
shares
of
7-30
8-
One
7-30
8-16
8-16
20c
'
Corp.,
South
African
holders Tax of 2d.
8-13
8c
Co.
convertible
Howe
100
Less
8-13
6c
*
Shares
Howitt-Robbins,
'
8-31
Si
Steel
8-16
■
75c
Transport
3c
Shares
1
Holophane
share
&
each
6c
Shares^
Utilities
4'A 7c
8-31
8-31
6V2C
_..i
Brothers
for
preferred
Rand
8-13
8-13
2c
Insurance
4#
,
8-13
8-31
llMsc
.-—a.
j
Shares
67c
8-31
"
7-30
30c
Prosperity Co., class A (irreg.)
Class B
(irreg.)—
1
57c preferred (quar.)
fPuget. Sound Power & Light (quar.)
Quinta Milk Products, Ltd., class A
Railway
Light Securities, com. (quar.)__i
8-13
8c
—-
*
Shares
One
Petroleum
1c
Bond
:
Hammermill
•
8-31
9c
—
Extra
5%
8-13
7c
Shares
Stock
Higbee
8-31
7c
Shares
Tobacco
»
8-13
14c
'
Extra
•
8-13
9c
Shares
Railroad
6%
8-31
8-31
11c
Shares
Equipment
Havana
8-13
3c
Extra
tHarbor
8-13
8-31
5c
Railroad
<
8-31
10c
Extra-
'HallnoF
8-13
7V2c
Shares***,
8-31
5c
Sharesjii—_
8-13
7-21
8-16
Home
Ice
2
American Light & Traction—
Common (stock dividend)
8-16
7-31
Fork
7- 8|-
;
75o
«
(quar.)
Distilling
American
8-
6
7-30!.
7-26
$2.50 % 10- 1
—.
(quar.),--.
Co.
American
7-
1
15c
;
Corp.
Co*
American
7-15
1
91»/4C
Procter
8-31
2
20c
Co.
Portsmouth
8-13
89-
$2.50
(quar.)i
8-13
10c
Extra "
Railroad
preferred
Book
Can
9-
25c
Canada, Ltd.—
(quar.)—
Petroleum
American
Bureau
8-13
8-31
22yac
5c
grim,
8-13
7-31
90c
8-13
15c
Shares
Industrial ; Machinery
Shares
Institutional Bond Shares
_
&
ican
8-13
8-16
25c
8-31
8-31
7-15
10c
8-31
8-31
7-31
of
American
2
8c
preferred
conv.
Co.
American
7-15
8-
37y2C
Co., Inc. (quar.)
Corp.
(quar.)
distribution).
9-13
8- 2
9-13
(s-a)
preferred
Amerada
7-22
3iy4c
(initial)
8-31
8-31
2c
—
4%
8-13
34%c
preferred
(quar;)
(irreg.)
Plymouth, Exploration Co. (final
2
4c
Extra-
Extra
&
non-cum.
$3.65
4V2C
Petroleum
1st
Phillips .Petroleum
Phoenix Glass Co.
7-20
7c
*
1
2
$1.12%
—
Valley RR. (s-a)
Permutit Company
Peter Paul^ Inc.
Philadelphia Insulated Wire
Philadelphia Suburban Water, common
1
10c
—
i—L-i
9-
8-
15c
9c
II
Merchandising
7-20
25c
(quar.)
2c
Shares—
1
$1.50
(quar.)
plus ..19c. in. cash for each
of Pilgrim held. :
:
Portland Transit Co. (qtiar.)__--
5c
-i—
-Extra
C.)
preferred
7c
Company
8-
Aluminum
15c
(S.
Peoria
2
1
8-
2
Amer¬
Shares
Prifccd
9-15
7-16
7-20
Youngstown RR.,
preferred
American
Peninsular Grinding Wheel Co
Penn Investment Co.
(Philadelphia)—
11-10
11-25
'
Bond
9-30
8-20
8-2
;
9-tO
9-15
$12c
Industries, Inc.w-^--—----Allied Stores Corp. (quar.)
Alberene Stone Corp. of
Virginia
Alpha Portland Cement
8-10
1
40c
(s-a)
pfd.
Surpass Shoe
Alien;
8-10
9-
10-1
50c
(quar.)
(quar.)—
Fund
Akron Canton &
7-15
50c
Extra:.
7-15
11-25
1
10c
Administered
9-10
$25c
t $1.25
6c
Corp.
Stores, Ltd
Air Reduction Co., Inc.
(quar.)_
Air-Way Electric Appliance
7-20
15c
quar.)
Gas
7-15
2
$1
Shares
:
(increased
8-
8-16
(s-ai
Y.)
Agnew
8-16
2
8-
$1.06
Insurance
redeemable
5c
preferred
(N.
9-10
20c
40c
Hampshire
57c
15c
Equipment
Investing
,
New
67c
6-30
of
7-15
60c
7-15
3c
General
-
30c
$0.296875
10.296875
Gas
6-30
7-
Extra
Halle
of
7-31
(quar.i—
Co.
1
50c
Co.
7-15
25c
C
8-
5%
Co
& Electric, 57c
pi-dferried
(quar.)
preferred' (quar.)
80c
Extra
*.Gulf
7-31
5 V2 7o
1
<s-a)_—
common
$3.50
Bank
Food ■*Shares
.
8-16
Pacific
12-
7-24
Shares
Electrical
Steel
30c
Affiliated
8-16
(quar.)
partic preferential
preferred
(quar.)
Adams-Millis
8-16
1
7-21
8-21
1- 1-49
8-
•
1
1
9-
Ohio-Apex, Inc.
7-29
Shares
Mining
9-
62yac
Per
When
Holdere
Share *Payable of Rec. £
A
5 7o
50c
7-31
8-15
pfd.
4%
Class
2
37y2c
7-20
20c
Extra-
-
7-22
$1
Liberties
RR.
Northeastern
7-15
$1.12y2
(accum.)
Shares
Chemical
•
8-
Special
Peaslee-Gaulbert
Co
Aviation
i
8-16
8-1
7-20
87Vac
pfd.
Insurance
Building
"
75c
(quar.)
Insurance
Northern
1
Corp.—
_
Low
7-19
2
pfd. (quar.)
(quar.)
25c
■
Extra-----.-
1
7-1&
7-22
conv.
21c
:
Automobile
,
6-26
7-24
j,
t25c
—
Extra-".-
''
0 7-19
$1.25
7-31
'
.
12 V«»C
Abraham
& Straus,
Inc.
Acadia-Atlantic Sugar Refineries, Ltd.—
7-31
25c
National
Fully
A. P. W. Products CO
7-19
8-15
$1
Corp., 5% pfd. (quar.)
Banking (quar.i
Co.,
Agricultural
.
8-31
7-
7-22
(Hartford)
Northwestern Public Service, com.
(quar.i
4V2%
preferred (quar.)
50c
—
Special
•
Brake
Northern
7-21
12-
.Group Securities, Inc.—
„>
1
7-15
$1
(s-a)
Republic
(s-a)
GQbdall ; Rubber
.
10-
$l,12Vi
preferred (quar.)__
Cylinder Gas, common (quar.)
preferred (qiiar,,)^
8-13
9-
(accum.).._
pfd.
preferred
A
Waterworks
;Geprgia. Railroad &
'Grate
t$1.12Vi
60c
Motor
,9-1
1- 1-49
(quar.i.
(quar.)
Corp.,
Corp.,
Finance
&
America
Newburg Steel Co.; 6% conv. pfd.
New Haven Gas Light
(quar.).
New
Process
Company
7-23
6-30
75c
common
Corp.
preferred
ica
Name of Company
Niagara Lower Arch Bridge Co., Ltd.—
common
(s-a)
General'
Gilbert
7-1
1«
1
7-15
payment
Corp.,
Bronze
■Globe
8-
.8-
$2
preferred
8-31
conv.
National
7-15
10c
preferred (quar.)
Wood ..Industries,
4'/2%-
4%
7-20
25c
$3.50
General
2
7-20
^
7-15
1
—
Company
Specialties, class A
National Al'uminate Corp. (quar.)
National Container Corp. (Del-)—
Common
<quar.)__
2
8-
of
Murphy (G. C.)
Muskegon
preceding table.
7-20
2
$1
General
v.-5%
8-
1
$1.25
(quar.)
(quar.)
Industrial Securities
General-
1
9-
25c
pfd. (quar.)
Foundation. Trust Shares, series A
Fullcrton
Oil
Co.
(quar.)
.Gar
9-
$4.50
7%
Corp.,
preferred
'Fulton
2
8-
5c
Fleury-Bissell, Ltd., 5'/)
.
7-20
31 Vic
A
York
$2
pfd.
(This
preferred
Grain, Ltd., eVa'v
Boston
Class
2
a
(s-a)
Gregg,
8-
$1.75
arrears)—,
preferred
8-
4% 7c
preferred.
convertible
4
£'-25
7-31
The list does not include divl^
week, these being given in tha
_—
_
Insurance
Morrison-Knudson Co., 5%
11-12
-
(resumed )___
common
3
$1.75
Corp., 5% preferred (quar.)
Township Teiepnone Co. (quar.)._
convertible
20c
12-
Life
Plan
dends announced this
8-
——
Morris
1
10-
Moody's Investors Service, Inc.—
$3
participating preferred
(quar.)
1
8-
tl7,/2c
preferred
(quar.)
Insurance onarcs, .series
Equity Corp.,
7-30
9
4:37 y2c
1
Empire District Electric Co., 5%
Eppens Smith Co. (s-a)—
i
8-
9-15
7-
7-20
$1
(s-a)
8-26
give the dividends announced in previou*
we
t25c
(s-a)
35c
A
(s-a)
Below
weeks and not yet paid.
7-16
,
5c
4Vi%
preferred (quar.)
Monongahela Street Railway
$1
(quar.)
common
Co.
common
Monumental
Extra
7-31
$1.18%
Ltd.,
7-15
7-15
25C
7-31
7-20
...
15c
Knitting Co.,
6-30
tl5c
Domestic Credit
Eastern
preferred, (quar.)_—
7-15
(irreg.)
non-cum.
Deposited
4%%
8-15
$1
Ltd., class
,_J_—
Rayon
9
37Vac
(quar.i
common
Dallas Railway & Terminal,
7% preferred (quar.)
Delaware
8-
8-15
$1
B,!
1
4:4c
tic
Class A
Leather,
—
Holden
Payable of Rec.
20c
Oil
CQrp.,„
Shoe, Inc., common (quar.)
60c
(quar.)-
(quar.)
Ltd
Curtiss-Wright Corp.,
Common (irreg.)
Class
Midco
7
$25
$1.50
common
Congoleum-Nairn, Inc.
Davis
7-
(s-a)
50c
(quar.)_•
National
7-15
Share
Michigan Central RR.
25c
(quar.)
(quar.)
International.
preferred
7-26
„
t'/ac
Co.
Extra
Electric
1
Miles
(s-a)
Commonwealth
Concord
•
8-
$2.50
— —
preferred
Carbon
Ltd.
$1.75
Corp.—
'
Commoil,
(quar.)
When
7-27
7-
7
Bit
90c
7-31
7-15
Crown
Steel Castings, common (quar.) —
preferred (quar.)
Budn
Company
(increased*
Bullock's Inc. (Los Ang.) 4% pfd. (quar.) —
25c
8-
2
7-15
Crown
$1.50
8-
2
7-15
$4 convertible
Cuban-American
Buctceye
6%
-
7-19
7-29
40C
$1
8-
1
8-
2
7-15
Caldwell
Mills,
Linen
Ltd.,
preferred
1st
California
(quar.)
(quar.)
—
7-
6
Delaware
Power
7-30
7-
6
Dennison
7-30
7-
6
Class
Corp.,
Packing
'
Extra
(quar.).
common
Cement
7-30
Voting
8-
2
7-15
$8
8-
2
7-15
Denver
$20c
8-
2
7-15
Derby Oil
75c
8-
1
7-15
6-30
7-31
Dentists Supply
Class
A
7-31
9-17
Canada
Southern
Railway
(quar.)
Ltd.
(s-a)
(quar.)
Corp.,
Canadian
Car &
Common
Class
Ltd.,
class A
(quar.).
Canadian
Ingersoll-Rand
—
(quar.)
Co.
Quarterly
Fund
Investment
Canadian
Canadian
Investors Corp.,
Canadian
Oil Cos., Ltd.
Pacific Ry.—
Canadian
(quar.)
(quar.)
Divco
8-23
7-29
Dividend
6-29
Dodge
7-31
$183AC
10-
(accum.)
—
Clinchfield & Ohio Ry. (quar.)
Light, common
Carpenter Paper Co., common
4Vo s preferred
(quar.)
Carson, Pirie, Scott & Co., 4%% pfd. (quar.)
—
Power .&
Cassels
5c
Ceiolex
Corp.,
to
Stores
10c
preferred
—
(increased
10-
1
10-
preferred
Electric
&
Hudson
Gas
Central
Illinois
Public
Gas
Co.
Central
Power
(Texas)
Co.
11-25
88-
(quar.)
8-15
2
7-
5
7-15
8-
2
7-
$$1.75
8-
1
7-10
7-
7-20
$1.25
8-
50c
5%
9-
prior preference
Investment,
Bank
pfd. (quar.)
(quar.)
4%%
(N.
Y.)
5%
1
7-20
Dominion
Steel
$1.12%
1
8-14
Dominion
10-
Stores,
Ltd
Tar & Chemical,
Dominion
9-22
1
7-31
50c
7-
7-
7-31
Common
9
9-
1
8-
1
8-
9
4y2%
1
9-15
9-
7-31
7-17
Dow
8-
2
7-10"
Dryden
5%
8-13
5%
7-15
Dun
du
Electric,
4%
preferred
preferred
RR.
_
(s-a)
43lock
dividend
(3/100
$4.50
Cincinnati
Coast
Coca
(s-a),
Illuminating,
-
Plow
Sand
Ltd.
Co.
(The)
&
9-15
*2
8-
1
1
8-
1-
$3.50
8-
8-15
11-15
Erie
11-10
2-10
30C
8-
2
2
7-
Heating
&
7-31
7-16
8-15
7-20
Fedders-Quigan
Gas
Common
,
System, Inc.
(quar.)
—
1
9-10
Federal Fire Insurance Co.
8-
1
7-16
8-16
4'A%
Enamel
Life
7-20
7-10
7-20
7-10
&
6%
pfd.
—
new
7-20
7-
9-10
6
Ford
Hotels
7-
6
Fort
Pitt
9-
1
8-16
Foster
10-
1
9-20
Foundation
2
7-15
$1.50
37 %C
8-
(quar.)
2
8-
2
7-
9-
1
7-15
6-30
7-19
7-
Can,
common
9-15
8-31
50c
8-20
8-
9-
$1
(Interim)
$3.75
preferred/(quar.)—a.*
Paipt & Varnish, common
prior^ preferred (quar.)
—
_i——
Products
9-15
(quar.)
"
Ltd.
9-
l.:
9-
i ;
■■
f
.
—
9-15
f
8-16
I:
8-
2
7-20
7-26
7- 6
2
Hartman
Tobacco
0o.,
7-
2
of Canada,
>5%
pr^exred
,
jllnijtial)
Gardner-Denver Co., common
4%
preferred
(quar.)
(quar.)
——-
8-25
8-27
8-16
8-15
8-
2
15c
9-15
8-
7
$50c
8-14
7-31
50c
8-
2
7-15
10-
1
9-25
Corp.—
7-29
7-19
$25o
9- 1
7-31
12-20
12-10
$1.50
7-20
7-
$1.37%
$1.37%
8- 2
7-20
11-
$1.12%
(quar.),
pfd.
preferred
Co.
(quar.)
10-15
6
10-20
1
9-30
7-15
15C
8-
2
7-15
40C
7-31
7-
8
933Ac
7-31
7-
8
(quar.)
4%%
pfd.
(quar)
Manufacturing Corp
Company, common (quar.)
3%%
preferred
(quar.)
7%
5%
/l
15c
pfd.
9-15
1
$1.25
8-14
8-
10c
7-26
7-15
35c
(quar.),—,
quar.)
preferred class A
j
(quar.)__
9-20
Hershey Chocolate Corp., common (quar.)
$4 convertible preferred (quar.)
7-19
Hibbard
8-20
10-
8-
7-15
3
Products—
(increased
Common
7-15
Co.,
Spencer,
2
37 %c
8-14
7-24
$1
—
8-14
7-24
7-30
7-20
Bartlett & Co.
7-
9
Monthly
Development
Holly
7-
9
Holly Sugar
25C
(quar.)
lc
7-25
6-30
25C
8-
2
7-
7-31
Corp. (quar.)
Holt (Henry) $1 class A (quar.)
25c
9-
1
8-23
7-10
Home Insurance Co.
65c
8-
2
7-
7-
1
Horder's,
30c
8- 2
7-20
50c
8-
2
7-13
9-
1
$1.25
9-
1
8-12
Inc.
(N.
Y.)
(increased s-a)
(quar.)
Horn & Hardart Co.
5%
(N. Y.), common
(quar.)
preferred
(Joseph)
7-18
Home
7-23
Houston
7-14
Hoving Corp.
8-14
Hudson Bay Mining & Smelting,
Hussmann Refrigerator—
9-15
7-15
7-15
9-
4
6-30
6-30
6-30
7-17
12-31
6-30
8-13
7-
9
7-15
Ltd
(increased
$2
B
Terminal
RR.
Associated
Industrial
(quar.)
4
Institutional
Insurance
4Vz%
$3.50
(quar.)
Publishing
8-1®
10-
1
9-13
10-
1
9-13
1
Ltd
Co.
of
Fireman
preferred
7-15
1
7-31
6-30
8-
1
7-10
8-
1
7-10
9-10
8-20
12-335)
10-30
8-16
7-15
8-
2
7-5
t83Ac
;
8-
2; :
8-
2
7V2c'
,
40O
(quar.)
J
quar.)
Jenkins
Jersey
~
7-15
Johnson
Mutual
Johnson
Oil
7-
Kable
Fund,
Refining
Brothers
Co.
7-15
7-15
r
.89-
2%
7-1S
•
r.i
8-25
8*1
8-
7-25
2
7-15
7-20 ;
i-
6-30
7-28 ;
6-19
8-'iif 1
7- &
.
$1
(quar.)
D33Ac
Inc
Co.,
8-l»
ii-i<r
7-31
40c
(quar.)
3%% preferred
1 •<6-3a
1
62V2c
$25c
:
(extra)
9- I
1
7-31'
$1.06'/4
Brothers, Ltd. (Montreal)
Central Power & Light—
Co.,
12-
13 %c
$1.25
B
7-6
.7-15
,
9-1: J
20c
preferred
preferred
7-21
30c
Co.,
(increased
'0-15
12c
30c
Inc
55c conv. pfd. (quar.")I
Jacobs (F. L.)
Co., 5% preferred (quar.)
Jantzen Knitting Mills—
Tea
7-15
1
$60c
(quar.)
Manufacturing
Ironer
Preferred
1
8-
t$1.75
Quarterly
Common
7-
8-
Canada—
(quar.)
($5 par) (quar.)
Resistance Co.—
convertible
Ironrite
7-19
30c
7-16
20c
common
^
(quar.)
20c
>8-2
"'A
(.7-19-,
7-20 V: ..'6-30
lOkl'.M
Kalamazoo
'9-25
7-20
15c
7,-26
25c
8-
2
7-2®
95c
7-20
9-
1
8-15
15c
7-31
$1.25
7-31
-
,
7-1®:
Kansas City Power & Light—
7-15
9-10
12-. 3
3.80%
Kerr
Kerite
7-3.1
>.7-l*
35c
$1
7-20
8- 2
6
7-20
&
preferred
Furnace
(quar.)
Kennedy's, Inc., common
8-16
7-14
7-
Stove
Kellogg Switchboard & Supply,
5% preferred (quar.)
7-31
-
7-15
1
1
Co.—
preferred
7-15
9-1
2
9-
$1
(accum.)
6-30
9-30
12-20
8-
;•
6-20
3c
Jaeger Machine Co.
9
7-30
30c
(initial)"
com.
Machines
Holdings,
7%
Jewel
8-
$1.12%
new
($100 par)
International
7-15
7-12'
6-30
15c
(quar.)
preferred
pfd.
4%
7- I
6- 9
20C
■.
Educational
7%
7-15
7-13
8-2
2
$1.25
8-2
'
2
$1.06'A
(quar.)
Corp. (quar.)
shares
Corp.,
preferred
International
5%
2
8-
*
6-30
1
7-10
88-
20c
(quar.)
A (quar.)
(quar.).
Jantzen Knitting Mills of Canada
9-
6
Shares, Ltd.—
Group
7-20
7-20
9-
10c
8- 2
9-10
7-20
8-16
7-22
7-26
7-26
8- 2
8- 2
7-31
7-31
7-20
8- 2
8- 2
8- 1
9-20
7-22..
12-20
50c
Brownhoist
Interchemical
6%
12-30
B- 2
Telephone—
Bancshares
7-20
7-6
9-2®
18c
(quar.)
International Business
7-16
9-30
.
25c
Extra
9-
9-13
62 %c
5% preferred A (quar.)
4Va % preferred series B
Industrial
7-21
8-16
50c
Investors
preferred
7-21
7-20
2
$25c
I
(s-a)
Indianapolis Water, class A
8-12
8-13
8-
$1.25
Co.,
common
(quar.)
convertible preferred (quar.)
7-19
9-13
$1.25
Power
7-15
7-15
$20c
preferred
9-15
7-15
7-27
50c
Common
Indiana
2
56'AC
preferred (quar.)
5%
preferred (quar.),
Hydro-Electric Securities Corp.—
Illinois
7-22
8-
$1
5%
5%
7-31
25C
I
.
1
$$1
(quar.)
quar.)
$2.25 preferred (quar.)
Huttig Sash & Door Co., common
Illinois
9
20c
Incorporated
11-15
25c
Lighting & Power, $4 pfd.
Common
5%
6-30
Co
8- 2
•
9-15
25c
Hayes
25c
20c 1
7-10
7-31
$25c
7-15
Mutual,
$$1
8-16
$50c
Corp.
•
1
1
■4.3%c /
common-
8rl6
9-
8-
Iron
—
-Ltd., A%- pfd. (quar.)i.
Inc.,
7-15
1
$1.12%
6-30
•
Gamble-Skogmo,
2
9-
Hecht
(Robert)
Gair Co.
8-16
90c
7-
Intertype
30c
30c
7-21
8-
2
Investors
—l'----
7-31
8-
8-11
12V2c
$35c
15c
6
683Ac
7-20
(quar.)
7-10
$1
(quar.)
Light
8- 2
9- 1
9-30
7-31
8-2
common
Canada,
Company—
6% preferred (quar.)—
6% preferred (quar.)
—
8-25
10-1
70C
Exchange# Bank Trust Co. (quar.)
Gair
''
75c
Corn
common
25c
933Ac:
5
8-20
1
25C
(quar.)
Corn
Refining,
9
25C
1
Continental
Co.,
of
7-26
$1.25
6%
Electric
$1.75
$1.12%
15c
15c
15o
t75c
$12%c
$$1.12%
Froedtert Grain & Malting Co., com. (quar.)
12y2c
$2.20 preferred (quar.)
55c
Fuhrman & Schmidt Brewing Co.—
25c
Fuller Brush Co., class A (quar.)—
25c
Class
AA
(quar.)
$1
Gabriel Co., 5% conv. preferred (quar.)—12y2c
9
(quar.)
1
(quar.)
Co.
preferred
3
Stores Corp.
(quar.)
Companies, Ltd. (quar.)
(A. J.), Ltd., common
4y2 %
preferred (quar.)
8-21
(reduced)
common
Kleiser
7-10
Cementing Co.—
Hartford
3
15c
7-
56'Ac
Harrisburg Gas Co., 4%%
9-
50c
7-20
7-26
7-26
40c
(quar.)
9-
(increased)
7-30
50C
87 %C
9-15
9-15
7-20
(s-a)-
7-15
$1
6-23
8- 2
Fraser
7-15
10%
(Reading, Pa.)
&
Co.
Brewing Co.
7-30
Co.
International
(quar.)
preferred
6-30
37 %c
(initial)
preferred
5%%
5
7-20
$1.12%
Quarterly
7-31
7-31
9-20
Freiman
7-15
8-
15c
(quar.)
8-2
25c
dividend
Consumers Gas Co.
7-
1
$1.25
Consolidated Edison Co. of N. Y., Inc.
$5 preferred (quar.)
Container Corp. of America,
Convertible
1
8-
8-
8-16
7-11
2
25C
common.—
Aircraft & .Engineering
common
International Nickel
:—
7
2
New
15c
Extra
7-
■
(quar.)
8-18
8-31
Rubber
7-1®
8-
62 %c
Gypsum Lime & Alabastine of Canada, Ltd.—
Quarterly
Halliburton
Sterling
9-
10-
&
Florida
7-31
9-15
Tire
8-16
10c
Coal,
$2.50
$2.50
$1
7%
2
7-15
8-16
7-15
the
and
Steel & Carbide Corp.—
preferred (quar.)
Power & Light, 4%%
pfd. (quar.)_
Florida Telephone Corp., common (quar.)—
Flotill Products, preferred (initial quar.)—
Foote Bros. Gear & Machine, com. (quar.)_
Firth
7-15
2
183Ac
(quar.)
pfd.
A
(initial)—
37%C
Corp.
clags
(initial)
new
2
7-15
8-16
$1.50
7-1T
7-31
Stores
Engineering Works,
Ltd.
(irreg.)
Griess-Pfleger
Tanning
(quar.)
West
10- 1
8- 1
7-29
$1.06'A
35c
Franklin
(quar.)
(quar.)—
Co.
the
on
Class A
8-
7-15
(three shares for each seven held)
Class B
ioc
(quar.)
participating preferred class A
Consolidated Royalties, 6%
B
7-12
50c
Inc., 40c preferred (quar.)
Consolidated Chemical Industries—
Paper
cl.
9-14
75c
Connohio,
Dearborn
dividend
Stock
(Toronto) —
common
(s-a)_
com.
prior preferred (quar.)
(Marshall)
& Co. see Marshal Field
Finance Co. of America at Baltimore—
9-30
8-
9- 1
12- 1
8- 1
8- 2
50c
20c
$$1
50c
6%
1
8-15
Great Lakes
Inc.—
7-30
47 %c
Power,
50c
Corp
Products,
10c
8-14
2
Field
7-20
$1
Association
Connecticut River Power,
preferred
25C
Hampshire)—
(accum.)
Light
Consolidated
Fibreboard
$$1.50
(New
(quar.)
preferred (quar.)
B
Ferro
7-14
5c
preferred
Consolidated
9-16
2
35C
Corp
(quar.)
Connecticut
1
8-
15C
2
Grayson-Robinson
$2.25 preferred
(Syra-
(quar.)
(quar.)
Department Stores,
convertible preferred
10-
$1.06
(quar.)
(quar.)—
of Canada
Federated
1
Firestone
(quar.)
Edison
$1.25
$1.25
$25c
(quar.)
9-
Electric— '•
Ohio
,
$1
7-26
$1 1-25-49
$50c
7-31
(quar.)
Corp.
87 %c
(quar.)
International
preferred
Inc.
10-
11-
,.
7-31
15c
(initial)
common
9-16
8- 2
8-20
7-24
8-25
9-25
8- 1
8- 1
9-20
7-20
7-20
7-20
7-31
$2.50
Quarterly
Fashion Park,
1
7-15
Co., new
7-24
7-24
8-14
7-24
7-20
Ltd
Products,
preferred A (quar.)
preferred A (quar.)
Esmond Mills, Ltd., 5% preferred
Eureka Pipe Line Co
7-16
8-14
Grand Union
$1.12y2
25c
21c
21c
21c
30c
$1.12 s/2.
15c
25c
25c
20c
25c
7-15
%c
20c
Steel
$1.50
$1.25
6-3®
8-16
$$1.25
(quar.)
Hercules
5%
7
Inc.
9-11
9- 1
7-21
9-15
8- 2
8- 2
6-30
2
$20c
Gotham
7-20
7-25
Pittsburgh RR.—
&
7-31
12-
&
6-30
2
8-
87 %c
Hosiery Co., Inc. (quar.)
Goodall-Sanford,
Inc.,
common
(quar.)
4%
preferred
Goodyear Tire & Rubber Co. of Canada, Ltd.
4% preferred
(quar.)
Grafton & Co., Ltd., class A (quar.)
8-10
8-20
-
Farmers & Traders Life Insurance Co.
50c
(quar.)
com.
(A.)
5%
7-7
8-
$25c
Co.,
(quar.)
preferred
Confederation
$3
Enamel
8-10
$6c
(s-a)
Gas
Commonwealth
Cook
1
12-24
2-15-49
Harris
7-10*
Powder
(quar.)
Employers
1
3
B
preferred (quar.)
Group Associates (quar.)
Kmsco Derrick & Equipment—
4% convertible preferred (quar.)
4% convertible preferred (quar.)
8-14
8-20
6-30
7-10*
Hercules
80c
7-20
9-
Company,
12-23
9-30
(quar.)
20c
(quar.)
Southern
Commonwealth
Co.
20c
&. Stone
Columbus
4%
1
$1.25
$1.12%
Bottling Cp. of St. Louis (quar.)
Columbia
Stock
7-15
55c
common
(monthly).
preferred
Class
8-16
25C
Colonial
$1
12-10
10-
Well
Sugar
$5
$1.25
Colgate-Palmolive-Peet
$1.90
9-10
30c
(quar.)
Electric
20c
Cockshutt
$2
9-30
9-14
Oil
A.)
2
8-
—
7-15
Edgewater
$1.75
$
Cola
7%
Eastern
6-26
$1.75
Extra
Concord
7-10
8-16
Globe-Union,
1
8-16
10- 1
9- 1
8- 2
8- 2
9-10
10- 1
7-31
Associates, $5 pfd. (accum.)
Steel Co., common (monthly)—
Common
(monthly)
Common
(monthly)
Ekco Products Co., common (quar.)
4y2 % preferred (quar.)
Elgin National Watch Co. (quar.)
Employees Credit Corp., class A (quar.)
1
7-24
12-31
5
10-
(M.
1st preferred A (quar.)
preferred B (accum.)
8-
$1.75
(quar.)
Breweries,
4'A%
Coast
6%
7
Chicago & St. Louis—
Industries
$3.50
7-
8-20
common
(quar.)
Monthly
Monthly
8-10
1
11-
7-12
8-
62
Hemisphere International Co.—
Quarterly
Pennsylvania RR. (s-a)
Eastern Massachusetts Street Ry.—
preferred
(s-a)
preferred
1
8-
held.)
City Stores Co., common
Glass
A
(quar.)
Clinton
of
share
City of Paris Dry Goods Co.,
7%
1st preferred
(quar.)
7% 1st preferred
(quar.)
7% 1st preferred (quar.)
Electric
9-
25c
Utilities
preferred
85C
8
6-21
7-15
Co
7-10
20C
8-
1
Co.—
&
Nemours
8-20
7-31
7-20
—
Corp., common (quar.)
$3.50
preferred
(quar.)
General Steel Wares, Ltd., common (quar.),
5%
preferred
(quar.)
George Putnam Fund of Boston
Gerity-Michigan Corp.
(reduced)—
Giddings & Lewis Machine Tool (quar.)„
Gillette Safety Razor
(quar.)
Gimbel Brothers, common
(quar.)_
$4.50 preferred
(quar.)
8- 2
East
Co.—
—
de
Manufacturing
Class
—
Citizens
5%
1
$1
(quar.)
Cleveland
7-
8-
35c
common
(s-a)
'5%
Common
2
7-20
40c
$1
preferred (quar.)
Cincinnati Inter-Terminal
Cleveland
Dwight
East
I.)
<E.
7- 6
-
$1
Shoe
$25c
preferred) (quar.)
preferred
(quar.)
$1.25
»
(quar.)
share
Pont
$3.50
2
General
Hanna
17c
30c
7- 6
8-14
-
(quar.).
9
(quar.)
Supply
7-20
15c
4c/t
each
&
2
7-
8-14
Utilities
$1.50
Ltd
8-
7-15
Public
$1.12y2
87y2c
$1
30c
$1.50
(s-a)
(quar.)
7-15
9-17
General
$$1.12y2
$3
15c
$25c
(quar.)
2
9-11
$1.50
9
—
2
1
7-26
Ltd.—
Worsted,
2
8-
25c
common—
(quar.)
7-
$50c
$25c
$37 %c
$25c
$25c
8-
7- 9*
$1.37%
preferred
7-
(quar.)
common
8-
2
9-
convertible
8- 1
8- 1
7-30
(s-a)_
Bradstreet, Inc., common (quar.)—
4V2% preferred (quar.)
Duplan Corporation (cash dividend)
8-
$4
C-rumman
&
$1.25
preferred (quar.)
for
&
Co.,
Metals
Ducommon
7-22
20c
preferred (quar.)—
&
Co.
Paper
8-31
10-
7-26
5%%
quarterly
Paper, Ltd.—
Rockaway RR.
Drug
56'Ac
7-26
Ltd.—
Ltd., class B
convertible preferred
Dover &
13c
Service
6-23
(quar.)
c
Woollens
Donnacona
9
9-
t
v
Dominion
9
& Coal,
2
$1.25
Griggs Cooper & Co.—
5%
1st preferred (quar.)
$40c
7-31
8-16
8-
Corp.—
Public
7-30
(quar.)___—
7-10
6-30
833Ac
$5.50 preferred (quar.)
$6 preferred
(quar.)
8-14
(accum.)
2
6%
Chicago Corporation (increased quar.)
Chicago
Molded Products
Chicago Rock Island & Pacific RR.—
Cincinnati Gas
preferred
8-
87 %C
pfd. (quar.)
Chesapeake & Ohio Ry. Co.—
3%%
convertible preferred (quar.)
Corp.
Linoleum
&
9-
3c
Chasers, Inc. (reduced quar.)
Central New York Power, 3.40%
Chrysler
Oilcloth
$1
$1.12%
(quar.)
General
5
7-30
$25c
$$1.25
7-26
2
7-20
8-
50c
(quar.)
7-
9- 1
8-25
7-21
8- 2
8- 2
8- 2
(quar.)
Dominion-Scottish Investments,
$4.50
Store
Chase National
preferred
Dominion
9
7-10
2
9-10
50c
1
6-18
10c
7-15
Great
$75c
$20c
$75c
$37y2c
6-25
$1.50
8-
(accum.)
7-15
2
7-26
50C
-
Advertising Co.,
preferred (quar.)
General Plywood Corp.
8-
Fabrics, Ltd., common (quar.)—
redeemable 1st preferred (quar.)
2nd convertible preferred
(quar.)
Dominion Malting Co., Ltd.
Common
(quar.)
8-16
6c
6%
9
6-30
6%
Ccrtain-teed Products
4%%
7-
8-16
Dominion
7-15
2
—
Edison
States
12-15
$6c
$1
Light
preferred
8-25
25c
Corp
7
Ltd.—
10c
National
Outdoor
7-
7-19
7-21
5%
25c
Service
Central
&
9-15
50c
common—
General
7-12
$$1.25
$30c
preferred
(quar.)
Dominion Bridge, Ltd. (quar.)
Dominion Coal Cos., Ltd., 6% pfd.
Mines, Ltd. (reduced.)
& Anglo Investment Corp.,
50C
87 %C
Corp.
(increased)
Inc. (increased)
Corp.—
$5
preferred
(quar.)
$3.75 preferred
(quar.)
$17%c
Dominion
30c
(s-ai
Electric,
&
Dome
8-31
6-30
17 %C
(interim)
Co.
Central
Central
8-31
1
8-
Metals
10- 1
7-30
8- 2
8-16
(quar.)
Corp.
7-31
27 %c
(quar.)
Central Cold Storage
Chain
Manufacturing
9-1T
7-31
Motors
7-21
7-26
2c
7-16
1
(quar.)
Mills,
General
7-14
Shares
Increased
quar.)
General
15c
quar.)
$17j/2C
25C
(quar.)
Light & Power-
Arizona
Common
(quar.)
(increased quar.)
common
2
6
$2
(increased
Corp.
2
(Boston)
7-14
Y.)
(N.
Productions—
preferred (accum.)
5c
,
General
8-
Trust
8- 2
Extra
8-31
1
2%
preferred (s-a)
Vickers, Ltd., $7 pfd.
Carolina,
„$4
Corp.
(Walt)
7-29
$20c
Ltd.
—
7-20
7-
Investment
9c
convertible
8-23
$10c
(increased)
non-cum.
Canadian
Central
Disney
$15c
(quar.)
com.
General
10- 1
12-23
7-20
7-20
8-16
11-15
9- 1
8-15
pfd.—
(Boston),
$15c
preference (quar.)
Industries, Ltd.,
$1.10
Discount
8-31
$l83Ac
common
Class A
5%
6-23
1
$$1.12%
Ltd.,
Canadian
Central
2
10-
$25c
Products,
Corp., common
preferred (quar.)
$3.50
5
11-
20c
20c
50c
50c
75c
25c
_
8-
10-
25c
i
common
General Foods
9-17
6-24
8-2
$2
12 %C
40C
Corp.,
$2.62%
40c
(quar.)
com.
—
Inc., common
Investment Trust
$25c
Food
Carolina
8-
$50c
(quar.)
Converters,
Canadian
4 %
Diocesan
$20c
Canadian
4%%
Diebold,
6-18
6 %
Cable
15c
8-27
7-26
Ltd.—
Foundry,
(quar.)
A
9-15
$15c
$1.50
Canadian Breweries, Ltd.
Co.,
non-cum.
preferred (quar.)
non-cum.
preferred (quar.)
participating preferred (s-a)
5%
6 %
6-30
9-30
$37'/2c
Power
General Electric Co
9-15
$1.75
$1.75
(quar.)
Extra
6%
(quar.)—
Northern
General
Y.) —
(N.
7%
preferred (quar.)
Detroit-Michigan Stove
7-31
7-10
$2.50
(s-a)
Forgings, Ltd.—
Creamery
preferred
7%
7-31
8-14
8-14
7-24
Canada Foundries &
Canada
:—
8-14
12%8
preferred
(Kansas)
Co.
7-20
u
(s-a)
Common
stock
62»/2C
Detroit
Camden Refrigerating & Terminals—
5%
common
debenture
Realty (liquidating)
Detroit Gasket & Mfg. Co. (quar.)
$1.80
(quar.)
8-13
9-17
12-17
Payable of Rec,
15c
$8
8-16
8-16
8- 2
9- 1
20c
20c
$2
60c
50c
20c
12 %c
(quar.)
common
(quar.)
(quar.)
Union Stockyards (quar.)
,8-14
50c
$20c
62V2c
(quar.)
Portland
A
(quar-.):
Light
&
"
25C
.
preferred
California
$3.50
x
8-13
series A (quar.)
Baking Co., common
preferred (quar.)
General
Bottlers, Inc
General
8-16
7-30
7-30
8- 2
7-31
$1.06%
$4.25 preferred
7-16
Manufacturing Co.—
40c
—
Oregon Power, common
California
,5 °J>
7-
7-30
$2.50
$38c
(quar.)
common
,
Ltd.
Petroleum,
Davies
6
(extra)
Corp.
7-30
(quar.)
80c 2nd participating preferred
California Electric Power, $3 pfd.
$1.50
Chemical
$1.50
participating preferred (s-a)
participating class A (s-a)
non-cum. participating preferred (s-a)
Byron Jackson Co. (increased)—
non-cum.
$5
$7
10c
50%
25c
tic
25c
9-30
11-15
8- 2
8-14
7-20
8- 2
7-20
—
dividend
Stock
Davidson
stock dividend
the
$3
(quar.)—
$1.75
10c
25c
87 %c
25c
$1.25
(irreg.)—
common
preferred (quar.)
Culver
Corp.
(s-a)
Cuneo Press, Inc., common
3V2c/o preferred (quar.)
Cunningham Drug Stores
Davenport Water, 5% preferred
Davidson
Brothers,
Inc
participating class A and the com¬
mon stock.
One share of class B stock
of Hat Corp. of
America for each 20
shares held.
On the combined holdings
totaling less than 20 shares, 34c per
share in cash will be paid, in lieu of
-
Sugar,
(quar.)
7%
the
■
preferred
(quar.)_
(irreg.)
Common
7-12
$1.75
(A. M.) Co., 7% preferred (quar.) —
Byrndum Corp.— ,
A stock dividend on the common class A,
Byers
7-19
(quar.)
Overall Mfg., 6% preferred
Zellerbach Corp,, $4.20 pfd.
& Seal, Ltd.
Share
Company
American Transportation—
General
6-23
8- 2
8-16
9- 1
9- 1
9- 1
9-30
1-3-49
5%
(initial)
Ltd.
Co.,
Cork
Crown
(quar.)_,
preferred
$3.60
Co.,
Shoe
Brown
8- 5
$25c
$50c
30c
$1.05
$1
75c
50c
(final)
Courtaulds Ltd.
Craig
junior
held
share
each
for
4%
of
shares
Two
Name of
Holders
When
Per
Holdert
Payable of Rec.
Share
Name of Company
Payable of Rec.
(stock dividend) —
preferred stock
Brown-Forman Distillers
When
Per
Holdert
When
Per
Share
of Company
Name
Monday, July 19, 1943
FINANCIAL CHRONICLE
&
COMMERCIAL
THE
(290)
46.
Lake
(quar.)
&
30c
Mines, Ltd.—
Company,
new
Company,
4%
7-20
$5c
common
Keystone Pipe & Supply, 5 %
Kingan
common
(initial)—.
preferred (s-a)"
preferred
(quar.)
8-18
50c
7r
T
7-7
£ mm
19-15
$2.50"
$1
8- 4
12-30
8-
1
7-15.
Volume 168
Number 4717
THE
Per
Name of Company
Kirsch
Share
Company,
$1.50 preferred
$1.50 preferred
(quar.)„_
$1.50
(quar.)
preferred
Knickerbocker
(quar.)_-
37 (4c
1
9-21
37 >4 c
1-2-49
12-22
4-1-49
3-22
10c
Creamery Co., 60c preferred (quar.)
Kobacker Stores, Inc., common
(quar.)
$1.37% preferred
(quar.)
Kokomo Water Works, 6% preferred (quar.)
Kroehler Mfg., 4%% preferred A (quar.)__
4V2% preferred A (quar.)
Kroger Company (quar.)
Kress (S. H.) & Co., (quar
Kroger Co., 6% 1st preferred (quar.)
*
8-20
7-31
15c
8-25
8-14
20c
7-31
7-16
34 %c
8-
1
8-
2
9-22
$1.12 '4
12-28
12-22
60c
9-1
8-10
50c
9-
7%
8-10
Selected
1
9-15
2
7-15
Railroad
$1.75
Plante-Choate
of
the
Woods
Lazarus
(F.
8-
7-15
3.8%
7-23
{5c
7- 6
National
1
8-3
R.)
&
Lee Rubber & Tire
Shops,
Co
Corp.
2
——
{40c
9-
{$1.75
9-
1
Ltd.
(quar.)„
1
8-18
8-
2
7-15:
8-
2
7-20
{20c
9-
1
7-24
$1.50
50C
Lees (James)
8-
IOC
Company
7-20
2
8-
2
7-15
7-15*
& Sons Co.—
f 3.85 %
preferred
Gold
Lincoln
National
Life
Material
i
Special
•Special
Co.
Class
1
7-24
11-
1
10-23
8-
2
7-10
8-
2
7-10
7-26
1
9-
$1
78-
4
1
100%
7-20
7-15
$1.10
9-10
8-24
$1.10
12-10
11-24
3-10-49
2-24
50C
9-10
8-24
50c
12-10
11-24
$1.10
50c
3-10-49
2-24
5%
(quar.)
:
4%
Co., 7%
6%
American
7%
80c
North
9-21
1
9-20
1-2-49
12-20
4-1-49
3-20
Lord & Taylor, 8% 2nd
preferred (quar.)
Louisiana Power & Light, $6 pfd.
10-
Co.
convertible
States
Engineering
7-31
7-15
$1.06(4
8-
7-
2
9
Square Garden (quar.)
Marshall Field & Co. (quar.)
Mar-Tex Realization
25c
8-31
8-16
50c
7-31
7-15
1
11-15
Massachusetts
30c
7-26
6-30
{2c
7-22
6-30
50c
7-24
7-
75C
9-
7%
Shoe
Consolidated
Mines, Ltd
Hegeler Zinc
May Department Stores, common (quar.)* $3.40
preferred
(quar.)
$3.75
s
;
&
preferred
(quar.)
4%%
Corp.,
&
Co.,
Mclntyre
Porcupine
McLellan
Stores
McWilliams
preferred
(quar.)
1
8-16
Outlet
2
7-15
Pacific
2
7-15
Pacific
7-15
5%
8-
2
7-15
Pacific
8-
2
7-15
Pacific Oil
8-
1
7-12
8-
2
7-15
Corp.
—
7-30
Penn
7-20
6-30
8-
7-15
2
7-19
6-25
$1.20
8-
2
7-15
$1.10
8-
2
7-15
$1.50
8-
2
7-12
(quar.)
(John) Co. (quar.)
Mullins Mfg. Corp., $7 preferred
Munising Paper Co.
5%
1st preferred (quar.)
(quar.)
8-14
Permanente
Cement
3
8-14
Permanente
preferred
preferred
Petroleum
Aviation
p7%
preferred
(increased quar.)
National
bity
Distillers Products
National
Bank
(N.
1
8-14
ts3
7-20
9-28
9-16
12.28
12-16
National
National
8-
2
7-15
8-
1
7-15
25c
9-
1
8-10
15C
7-23
7-
8-
7-23
2
9
10-15
9-10
8-31
8-10
8-
8- 2
7-
50C
8-
9
1
Cincinnati,
Chicago
Pitsburgh Screw &
Edison,
Corp.
Public Service Co.
8- 1
7-22
12-15
12-
12- 5
*15C
10- 1
9- 3
115C
1-2-49
12-3
{15c
10-
1
5
8- 3
preferred
Leather
7-15
Seton
1
8-27
Corp.,
Redeemable
7-28
7-31
7-15
Co.,
*■ 1$1.07
10-
1
9-8
Co.
Co
(N.)
8-
2
7-19
Smith
(A.
8-
Smith
8-
2
class
Corp.
& Co.,
(Alex.)
Common
7-21*
8-
2
7-15
Solar
8-16
7-20
&
2
7-15
32 %c
8-
2
7-16
9-
1
10-
1
Sons
90c
quar.)
California
4.48%
cqnvertible
5
7-23
4.56%
convertible
7-19
7-12
Southern California
1
8-
6
8-
6
9-
1
8-
6
4%
preferred (quar.)
4(4% preferred
Southern Canada Power
Common
9-15
8-
11-15
11-
5
2-
4.8%
5
7-
7-26
2
7- 9
7-23
8-25
7-23
8-14
7-15
8-
2
7-10
8-
2
7-1
8-
2
7-22
8-
2
7-22
9-10
8-10
Water,
(initial)
7-30
9-
1
7-30
8-15
7-31
9-30
9-
9-30
9-
75c
8-31
8-1
J25c
8-16
37V2C
7-31
7-
28c
7-31
7-
1
$0.23.12
7-31
7-
1
common.^
81%c
9-
1
7-li
!
8-1)
25c
Co.,
9-
1
8-l(
$0.2656
9-
1
8-11
Ltd.—
'
t30c
&
8-16
7-20
Electric—
(quar.)
Railway Co.
non-cum.
8-10
1
10c
(quar.)
Gas
9-10
9-
22%c
$1.20
preferred
8-
1
7-15
$1.25
9-15
8-13
55c
(quar.)
Southwestern Associated Telephone Co.—
$2.20
preferred
(quar.)
Southwestern Public Service, com. (quar.)—
3.70% preferred (quar.)
7-15
8-
5%
6-28
8-25
31'/jC
preferred
Southern
5
8-16
2
(quar.)
preference
1
12-15
7-12
7-28
$1.05
quar.)
Edison, common
preference
(quar.)
9-
1
9
9-2
87%c
preferred
9-
1-49
2
8- 2
50c
Southern
8-15
10-
$1.50
8-20
9
-
7-16
Carpet—
9-15
8-
1
7-19
7-
8-25
$1.50
common
7-
10-
8-2
7-31
•
Co.—
(quar.)
preferred A (quar.)
Soundview Pulp
Co:
(quar.)
Southam
Co., Ltd.
(quar.)
8- 2
8-10
{30c
convertible
7-31
8-16
7-15
50c
Aircraft,
Corp.,
$1.25
1
9-10
50c
quar.)
(quar.)
common
preferred (quar.)
preferred
(initial
4.20%
7-15
8-
25C
(increased
(increased
Sontone
8-
3Vz%
1
10c
Extra
6
7-20
8-
t75c
(irreg.)
preferred (quar.)
7-
7-20
2
120c
A
O.) Corp
Agricultural Chemical
7-26
2
8-
t$1.50
Ltd.,
Oil
$1.25
12-10
8-
{50c
Common
6
12-31
{30c
A
Slater
7-
8-12
10c
(quar.)
8-20
7-29
8-12
1
50c
:
com.
8-31
6%
1
9-
' 25c
(quar.)
B
Smith
7- .9
9-
110c
&
Sinclair
7-15
8-13
1
{20c
7-17
7-15
1
8-
$2.50
7-30
8-14
7-17*
9-
12V2C
2
8-14
8-1
•
27%c
8-
7-15
7-lt
1
{19c
8-16
7-19
7-20
8-
{31 (4c
Simpsons,
2
11-29
8-10
85c
(quar.)
7-30
8-14
8-27
12-15
50c
25c
6-30
$25c
9-15
91 (4c
1
6-30
7-15
8-
1
45c
9-
1
92'/2C
8-
1
7-15
8-16
3.90%
9-
1
preferred
(quar.)
97(40
8-
1
7-15
preferred
(quar.)
$1.03%
8-
1
7-15
8-
1
9-
1
8-
1
8-
2
7-15
5%
preferred (quar.)
Square D Company, $4 preferred
$4 preferred A (quar.)
9-15
8-31
Standard
7-31
7-15
8-
7-20
2
7-30
5%
Chemical
preferred
Standard
Standard
7-15
Fire
Fuel
8-31
8-13
4(4%
7-24
7-10
8-
2
7-21
Standard
9-10
8-17
8-
7-20
$1
$1.25
2
15c
7-26
7-
95c
8-
1
7- 9
8-
1
7-
$1.10
8-
1
7-
Class
A
7-30
7-
preferred
8-
1
8-
Stern
7-15
&
1
7-15
4 Vz %
7-20
6-30
Stevens
7-20
6-30
Stone
7-20
6-30
7-20
7-20
7-
5
6-16
7-20
7-10
Stott
6
Stroock
Sunshine
8-16
8-
2
7-15
9-
1
Electric
Oil Co.,
7-19
$1
{25C
7-30
7-31
4(4%
Symington-Gould
7-15
8-13
8-1
7- 9
$1.50
8-31
8?-. 2
9-
Thomaston
15c
{25C
8-15
8-25
7-31
7-16
Common
J'
Common
12-15
8-13
8-2
7-7
{75c
8-
7-
2
7-30
7
25c
7-27
7-10
pfd. (quar.)
7-19
7-24
7-10
9-
8-13
1
50c
7-31
7-21
8-
7-20
2
50c
7-15
1
8-16
8-
2
7-19
$1.12%
(quar.)-
(resumed)
7-17
50c
pfd.
7-12
8-
7-20
7-
$1.25
(quar.)
8- 2
75c
(quar.)
5%
2
9-
$1
(quar.)
8-
25c
(initial)-
com.
8- 2
6-17
2
6
25c
3.65%
$2.50 conv.
pfd.
(quar.)—
7-17*
9-22
9-
2
$1.50
7-10
91 (4c
(quar.)
7-10
8- 2
7-31
7-21
62'4c
(quar.)—
8- 2
$1.75
preferred
Mills,
7-31
30c
Brothers,
Cotton
9-17
7-31
25c
(irreg.)
class A pfd.
Corp.
10-1
$1
8- 2
7-21
50c
common
10-
•
9-15
1-1-49
12-15
50c
1
1
50c
Common
\|
12-31
25c
Corp.
Thermoid Co.,
9-15
20c
Light, $6 preferred
preferred (quar.)_r
Thalhimer
1
{62 %C
7-10
56c
Texas Power &
7%
7-10
1
50c
conv.
Supertest Petroleum, Ltd.,
7-19
1
8-
9-30
t75c
common
Securities,
Biscuits, Inc.
Tennessee
(quar.)-
Clothier,
8-13
7-30
50c
8-
5
$1.25
(quar.)
(quar.)
Super Mold Corp. of Calif,
7-30
55C
pfd.
$4 2nd preferred (quar.)
{30c
7-J15
$1.25
& Company
(S.)
Suburban
(s-a)
1
Textiles—
&
Sun
8-
8-
50c
(quar.)
Briquet Co., Inc., $1
6-30
1
8-14
tlOc
Stonega Coke & Coal Co.
7-12
Inc.
7-15
12(40
preferred (quar.)
(J. P.) & Co. (quar.)
Corp
7-31
(quar.)—
8-
{56(40
$15c
6-30
8-
(quar.)
Container
{30c
preferred
7-16
of
Stern
common
(s-a)
7-30
7-30
Brothers Stores
Co.
6-25
(quar.)
1
7-23
(quar.)
Canada, Ltd., common (quar.)_
7% participating preferred, (quar.)
Sterling Brewers, Inc. (resumed)
9
9-
9-1
75c
(quar.)
Steel
7-15
tlOc
(quar.)—_
(quar.)
B
5%
9
7-15
2
Ltd.—
Stecher-Traung Lithograph, 5%
7- 9
7-30
7-15
2
8-
Steel
Class
1
9
7-21
common
Co.,
1
8-
?$1.25 " "
J.)
redeemable preferred
Silica
Corp.
8- 2
(quar.)
(quar.)_
com.
(N.
Spring Co.—
4% convertible preferred (quar.)
Stanley Brock, Ltd.
Louis
(quar.)„
Ltd.,
8-
$1
$1
(quar.)
Insurance
Strawbridge
St.
com.
Co.,
$1.25
(quar.)—
Standard
25C
Ltd
6-30
(quar.)—
8-16
%
Power
v6-30
27%c
7-20
$1.06%
-Quarterly Distribution Shares,
2
2
5%
preferred
Corp., class A
preferred (quar.)
preferred series
Class
7-19
8-
$1.25
(quar.)
Mining Corp.
Shawinigan Water & Power Co.,
4%
7-16
7-16
8-9
$1.25
7-30
75c
Ltd._
preferred
7-12
7-31
7-31
8-
(quar.)
Sheraton Corp of America, common (quar.).
Sigma Mines, Ltd. (s-a)
23% %
(quar.)
Quaker Oats Co., 6%
Quebec
(quar.)—
Shattuck-Denn
1
90c
of Colorado,
Purity Flour Mills, Ltd.,
7-22
{40c
t$1.75
(quar.)
(quar.)
9-
$2.50
Punta Alegre Sugar Corp
Extra
12-15
B
15c
Provincial Transport Co., Ltd.
$2.50
;
&
preferred
of Canada, Ltd.,
6-10
6-30
20%
Ltd., class A (quar.)
Roebuck
20c
Bolt
3.60%
8-13
$1.50
Class
Co.,
10-
$2.50
8-13
10-20
Line,
Sears
6c
(s-a)
1
10-30
&
60C
Piedmont & Northern Rv
Pinchin Johnson & Co., Ltd.—
American deposit receipts
(final)
Purex
preferred
:r
7-30
Co.
Container
{25C
$1
preferred (quar.)
Cordage Co., common
Employees stock
Pick (Albert) Co., common (reduced)
5%
preferred (s-a)
4% %
;
7-15
7-15
90C
4%
1
2C
(quar.)_
2
$1
Plymouth
Pittsburgh,
8-17
Co.
convertible
Scarfe
Sterchi
(resumed)
9-
Erie
1st
8-
7-30
30c
9-
2C
non-cum.
Class A
(quar.)
(resumed)
Participating preferred
Philip Morris & CO., Ltd.
$3.60
preferred
(quar.)
Power
Welding
3%
7-15
$1.07%
preferred
7- 9*
2
(extra)
(quar.)
Common
7-15
1
Co
{15C
(quar.)
Corp.
non-cum. 2nd preferred
Class B
56 Ytc
Power
preferred
Potomac
(quar.)
National Hosiery Mills, Ltd.—
fc Class A (quar.)_
f
11-23
80c
Y.)
5%
:
12-12
8-23
Co.
&
{12'4C
Electric
2
Air
5%%
Philadelphia Transportation Co.—
RR.
Quarterly
Quarterly
.;
9-12
Drug & Chemical Co. of Canada—
preferred
8-
Electric
Seaboard
50c
9-
40c
Common; j,
Convertible:
7-21
25C
CO
15C
Corp.
9-20
1
IOC
Phelps-Dodge Corp.
Phillips-Jones Corp., 5% pfd. (quar.)
Philadelphia Company, common
Philadelphia Electric Co., 3.8% pfd. (quar.)
$1.75
I
National Chemical &
Mfg. Co
National
Scythes & Co., Ltd., common
5% preferred (quar.)
1
-7-10
25c
5% %
26c
7-10
75C
1
common
(quar.)
(quar.)
6-30
25c
(quar.)
(increased quar.)
National Biscuit Co.,
Co.
7-30
12c
Corp.
National Battery Co.
6-30
30c
7-20
12C
JJarragansett Electric Co., 4%% pfd. (quar.)
National
7-20
50c
Pfaudler
$1.50
Fibres
Scranton
87 %C
6-30
(1.50
Telephone Co. (Hawaii)—
X4.80% preferred A (quar.)
>4.80% preferred A (quar.)
{Automotive
6-30
8-
3.2- 1
2
8-
7-27
'
$1.10
7-20
Mutual
National
7-16
7-20
10-
9-1
12-10
a20%
Corp
$1.06(4
c
Heat
2
'9-10
4.15%
62'4
4.4%
(quar.)
(quar.)
Sjtraps-Duparquet
7-31
92 %C
(quar.)
7-31
Mutual Chemical
4%% pfd.
Ry.—
(quar.)
(quar.)
A
preferred A (quar.)
Scott Paper Co., $3.40 preferred
3.65%
preferred (quar.)
15c
Metals
7-
8-
7-15
7-1
Francisco
Schwitzer-Cummins
{$1.50
3 V2 %
preferred A (quar.)
Perkins Machine & Gear Co
4.3%
San
preferred
7-16
25C 2-15-49
4.40% preferred B (quar.)
Pennsylvania Power, 4%% (quar.)
Pennsylvania Salt Mfg. Co., common
3
2
50c
com.
7-31
Pennsylvania Electric Co.—
9-
25C
Mills, Ltd.,
5% preferred A
Schenley Distillers
{75c
(s-a)
9-
8-
{10c
(quar.)
7-12
25c
(quar.)
(quar.)
lc
$1.75
7-20
7-20
7-20
$1.25
15c
Saguenay Power, Ltd.,
Louis
7-22
2
(quar.)-
common
6-23
25C
37'4 c
Morrell
Flour
preferred
5%
b'-16
8- 2
8- 2
8-
Inc
Foods, Inc.,
Southern Indiana
62'4C
preferred
Haynes,
Lawrence
St.
9-15
15c
'75c
convertible
7-30
25c
(quar.)
preferred C
9-15
1
9-15
13c
7-28
$2
{12 (4c
6
Fine
W.
20C
(quar.)
Co.
1
10-
5%
$1.50
(quar.)
preferred
Traffic
3.70%
&
&
4%
12-16
2
8-
31 '/4C
common
10-
dividend
Ryerson
9-20
$3.50
62 %C
8-15
Stock
*
12-16
(quar.)
preferred
Ltd.,
7-15
Ltd.
(ordinary)
(interim)
Ryan Consolidated Petroleum Corp.—
75c
(quar.)
Corp
lc
Extra
Mount Royal Rice Mills, Ltd. (quar.)
Mountain States Power, common (quar.)
12-23
1
$1
6%
1
10-
Common
$1
Power, 4.8%
pfd.
(quar.)
4.4%
preferred
(quar.)
Montana Power, $6 preferred (quar.)
JMount Diablo Oil, Mining &
Development
J ; Co. (quar.)
t
10-
12-23
7-12
preferred
2
Power
St.
7-15
$1.50
7-16
8-11
&
9-22
1
50c
(quar.)_
2
Light
8-27
1
$1
8-
7-15
25c
9-10
50c
8-
Penman's
7-12.
preferred (quar.)
Saco-Lowell Shops (stock dividend)
8-
9-20
9-10
8- 2
Rolls-Royce,
2
8-
62 %c
9-20
9-20
(quar.)
7-19
(quar.)
2
Corp.
7-14
Common
2
8-
preferred (quar.)
Mills, Ltd. (quar.)
1
5
10-
2
7-19
93Vic
8-
8-
$1.62 >4
7-16
8-
Telephone Co.—
preferred
7-15
25c
Rockland
9-10
40c
(quar.)
Cement
2
$5
35C
Inc.
8-
(quar.)
8-10
8-14
Co.—
Monongahela
Nathan
preferred
Peninsular
10-
Y.)
(quar.)__
75c
{40c
Patchogue-Plymouth
Mills
Peabody Coal Co., common (irreg.)
6% preferred (quar.)—
$1
$6 pfd.
(quar.)
Co
Tilford,
25C
Power Implement
preferred (accum.)—
Minnesota & Ontario Paper Co
6%
Davis. &
5%
Cotton
Ages
7-16
10c
Corp
Parke
2
Cement,
of
75C
(quar.)
1
25C
$6.50
6%
Corp.
Gas Development
3
8-16
Rock
25C
Minneapolis-Moline
'•
&
6-30
8-
7-15
$1.25
8-
1
2
'"$1.25
1st pfd—
of California (Del.) —
non-cum.
7-
7-31
8-
{25c
1
7-15
Robinson
97'/2C
{$1.75
1
9-
Riverside
7-20
{25c
(quar.)
Mississippi Power & Light,
(quar.)_
com.
(quar.)
Lighting
&
(N.
50c
(quar.)
8-
Park
Co.
15c
7-20
8-15
9-15
2
$1
—
Corp.
7-19
50c
$0.59375
9-
20c
Inc
Common
"
Finance
7-15
$1.31%,.
Inc., common
3%%
preferred iquar.)__^
8-
50c
preferred
Jl-12
$1.75
50C
(quar.)
$5
1
7-30
8- 1
$1.75
55c
,
Service, $1.30 1st pfd.
Package Machinery
Page-Hersey Tubes, Ltd. (quar.)
7-31
Rich's,
$1.25
12-
8- 2
-
$1.38%
common
Gas, common
Company
Coast Co.,
8-,2
Hart, Inc.
prior preferred
(quar.)
:
preferred
Peerless
& Pacific Grain, Ltd
Rubber Reclaiming (quar.)
5%
7%
9-
$1.10
Laundries,
preferred
Extra
8-
9-15
6-23
$1.25
7-21
8-13
50c
52%c
(quar.)
Insurance
$1.12%
—
Otis Elevator Co
$1.75
1
$1.25
Products, Ltd.,
8-16
80C
(quar.)
Miller 81
Mission
Steel
8-16
{25c
—
8-
8- 2
2
1
50c
(quar.).
(quar.)
Corp." (quar.)
{$1.75
(quar.)
common
Class B
1
15C
$1.75
20c
(quar.)
25C
Co.
Richmond
50c
$2.50
(s-a)
7-15
Seaboard
Filters, class A
1
{$1
Midwest
$1
United
Ontario
preferred
preferred
Oil
2
28%C
(quar.)
{5014c
pfd.
(quar.)
Dredging Co
Mid-Continent
,
Oliver
1st
2nd
8-
$1.50
Pacific Public
(quar.)
Mercantile Stores, 7% preferred
Mercury Mills, Ltd. (quar.)
Mertitt-Chapman & Scott (s-a)
Michigan Gas & Electric—
Midland
Olin
75c
5%
Mines
7%
7%
,
Richfield
37'/2C
A preferred (quar.)
Company (quar.)
Industries, Inc., common
9-
Ltd.—
7-20
10T 1
89-
{25c
(quar.)
15c
series
{15c
(quar.)
4% preferred (quar.)
McCormick & Co. (Bait.),
:>4.4%
4%%
{10c
©orporation
7-16
93 %C
common
Electric,
(initial)
Natural
9-
8-
2
7-30
7-21
2
15c
pfd.
25c
Gas
preferred
85C
$1.50
8-
15c
7-30
7-15
8-
25c
Revere Copper & Brass, 5(4%
Rice-Stix Dry Goods, common
$1
Okonite
75c
Class B
McColl-Frontenac Oil
,
5%%
Oklahoma
93 %C
Company, $3 preferred (quar.)
$6 1st preferred (quar.)
McCabe Grain, Ltd., class A (quar.)
r
*
1
2
93 %c
8-16
8-12
15c
12c
—
(quar.)
93 %c
(quar.)
Maytag
McCall
12-
7-15
20c
(quar.)
Co.,
preferred
Oliver
8-16
5c
Trust
2
20c
Extra
Oklahoma
$1.06(4
8-
1
*40c
(
preferred A (quar.)
6% preferred B (quar.)
Republic Petroleum (quar.)
7-12
$1.18%
9-
?40o
6%
7-30
25c
Northwest
5% preferred (quar.)
Ogilvie Flour Mills, Ltd.,
7-30
5
7-19
8-15
7-20
25c
(quar.)
$1.75
(quar.)
Northwest Airlines, Inc.—
4.6% convertible preferred
Nunn-Bush
8-16
8-
IOC
$1:06(4
87 %C
preferred
7-16
6-15
5
2
Republic Investors Fund—
7%
(quar.)
(Del.)—
7-16
6-15
8-
50C
preferred (accum.)
Northland Greyhound Lines—
*
(quar.)_
(quar.)
common
preferred
Power
2
7-20
8-15
8-15
8-
25c
(Canada)
S.
(accum.)
2
10c
Madison
1947)
Corp.,
8-
7-20
53 VeC
7-20
50c
Ltd., 5% pfd. (quar.).
Engineering, common—
convertible preferred
(quar.)
—
$2.10
2
50c
(quar.)—;——
25c
preferred
8-
37 % c
7-15
$1.50
$1.50
25c
(quar.)
7-31
$1.25
—
(quar.)
$2
(quar.)—
Louisville Gas & Electric Co. (Del.)—
Class A (quar.)
(quar.)
Luzerne County Gas & Electric—
4 % %
preferred (quar.)
Macy (R. H.) & Co., 4'/*% pfd. A
Car
preferred
3% %
62 (4c
7-30
7-15
S
9-15
8-
75c
Quarterly
Carolina
$1.50
1
62 (4 c
(series
pfd. (quar.)
RR., 7% gtd. (s-a)
Northampton Street Railway (s-a)
Northern
Engineering Works
Northern Illinois Corp., common
10-
62 (4 c
8-15
7-31
25c
50c
Reliance Electric &
$3
(quar.)
American Finance Corp.—
preferred
prior preferred
prior preferred
North
$2
(quar.)
Reitman's
15C
6%
(quar.)
preferred
(quar.)——
(quar.)
convertible
4
(quar.)
$3.75
preferred
Merchandise
preferred
$2
8-
preferred
7-30
7-30
Norma-Hoffman Bearings Corp.—.
1
preferred
Matthiessen
Mills
adjustment pfd.
North
9-
preferred
$1.60 non-cum. pfd.
8-15
50c
2nd preferred series A (quar.)__
2nd preferred series B (quar.)
& Western Ry., common
(quar.)—
5%
7%
convertible
Matachewan
(quar.)-
—
York
4
convertible
Investors
interest
Chicago & St. Louis RR.—
preferred A (accum.)
6%
8-
convertible
Steel
Process
1
5%
Lukens
beneficial
of
7-30
preferred
non-cum.
8-15
New York
{25c
(quar.)
B
New
9-
£5%
Class
_
—
Worsted
Jersey
{25c
I*'5%
.
New
Northern
(quar.)
Lock Joint Pipe, 8% preferred
Lorain Coal & Dock—
(quar.)-
Manufacturing (resumed)
4%% preferred (quar.)
Neisner Bros., Inc., 4%% preferred (quar.)
Newberry (J. J.) Co., 3%% pfd. (quar.)
New England Fund-
80c
(quar.)
(quar.)
Guaranteed
Class B
8-
Co.—
Guaranteed
A
6-30
35C
Special Guaranteed (quar.)
Loblaw Groceterias Co., Ltd.—
-
7-20
7-31
50c
capital
capital
capital
'Original
Original
°8- 2
87 (4c
common
(irreg.)
Link-Belt Co.- (increased)—.
Lionel Corp.
(stock dividend)
'Original
preferred
(quar.)
&
Certificates
$1.60
Holdere
Payable of Rec.
56 (4 c
$2 preferred series A (quar.)
Regent Knitting Mills, Ltd.—
7-30
7-30
47 %c
4%%
Co.,
preferred
Tile
(quar.)
25C
(quar.)
Norfolk
(quar.)
Little Miami RR.
Co.
New York Power & Light, 3.90%
Niagara Hudson Power Corp.—
5% 1st preferred (quar.)
30c
Co.,
preferred
Tea
7-30
8-15
8-15
preferred
Rapid Electrotype Co, (quar.)
Raymond Concrete Pile, common (quar.)_.
$3 preferred
(quar.)—
Rayonier, Inc., common (quar.)
Reading Co., common (increased)
Reed (C. A.) Co., class B common...
7c
Shares
Tank
7-15
30C
Printing
5$3.50
Trade
7-30
$1.12(4
(quar.)
4»/2%
7-15
7-31
8-15
When
Share
,
47
Grocery Co.—
7C
2
{25c
pfd.
7-30
8-16
8-15
Company
Radford (J. M.)
7-12
40C
$1.25
6c
Shares
New
Insurance
'8-2
6-30
7c
Equipment
6-30
8-
{2c
^Quarterly
Quarterly
Lincoln
Retail
National
Series
Group
8-16
96 (4c
(quar.)
Mines, Ltd
Lerner Stores Corp., 4%%
Lewis Bros., Ltd. (quar.)
Leitch
Per
Name of
'
12C
—
9-
56 (4c
10c
(quar.)
Leece-Neville
8-3
7!4c
(quar.)_
Holdere
12C
Neiman-Marcus,
(resumed)—
Candy
&
7-21
Ltd.—
-
Secord
10-15
National
Milling Co.,
Corporation
Laura
1
7-31
31 (4c
-
Lanova
11-
Mfg.—
(quar.)
•7% preferred (quar.)
Lamston (M. H.), Inc. (quar.)
Lane Bryant, Inc., 4 %% preferred
.
Series
Railroad Shares
8-
15c
7-21 *
10c
—
10-
Common
<
Stock
Series
$1.50
5%. convertible preferred (quar.)
Lake Dufault Mines, Ltd. (interim)
Line
Preferred
Stock
(291)
Payable of Reo.
17C
$1.50
—
Series
$1.75
Kuhlman
Lake
—
July 30.
The amounts are prelim¬
inary estimates of such distributions.
Balanced
(quar.)
2nd preferred
When
Share
Corp
National Lead Co., 6%. pfd. B (quar.)
National Mallinson Fabrics Corp. (quar.)
2nd preferred (quar.)
Electric Co
7%
j
Company
Investors
National Paper & Type Co., 5% pfd. (s-a) —
National Securities & Research Corp.—
The
following
sell
ex-distribution
on
7-12
9-29
Name of
National
7-16
$1.50
$1.12(4
1
FINANCIAL CHRONICLE
Per
Payable of Rec.
10-
&
Holdere
37'4 c
,
Fund
Knudsen
La
When
COMMERCIAL
4-
1-49
3-15
50c
6-25-49
6-15
THE
(292)
48
When
Per
Name of
Tishman
Company
Share
4'A %
Edison,
Transamerica
Salle
La
South
Asbestos
Union
7-31
7- 2
8-16
11-10
1
9-18
(quar.)__
Corp.
8-16
1
(Continued from page 12)
1010-
9-10
2
the
new
Union Electric Co. of Missouri—
preferred
$4.50
$3.50
(quar.)
(quar.)
7-10
9
American
Light
be
of
rate
held.
7-31
8-
1
7-13
8-
1
7-13
37c
——
1/50
each
for
.
A
share
7-27
2
7*15
9-
1
8-16
10-
1
9-15
8-
2
7-15
9-
1
8-16 "
10-
1
2
7-15
9-
1
8-16
10-
1
9-15
6
10%
7-30
7-
—V.
25c
8-12
8-12
2
7-15
Conditioning, $7 pfd. (quar.)
U. S. Finishing Co., com. (increased quar.)_
U. S. Fire Insurance Co. (quar.)
$1.75
62y2c
50c
8-
2
7-15
U.
S.
Cs-a)
—
,
Transit
preferred
5%
Co.,
Air
S.
S.
Industrial
8-
9-
50c
1
8
2
7-15*
11-30*
Bear,
6%
Blair
Tobacco,
Utica
Pictures
Co.
prior preferred (quar.)
prior preferred (quar.)
Utility Appliance Corp. (quar.)
Valspar Corp., $4 conv. preferred (s-a)
Vapor Heating Corp. —
5% preferred (quar.)
5% preferred (quar.)
Vertientes-Camaguey Sugar (quar.)
Street
1
9-20
1-2-49
12-21
8-
2
1
7-16
9-10
9-
12-
7-15
2
7-15
25c
37 %c
7-30
6-30
2
7-15
7-10
7-20
7-
2
8-
7-20
2
10-
1
2
7-15
8-10
7-24
8-10
7-24
8-16
8-12
8-20
8-
8-
7-15
8-
Westmoreland
Coal
Westmoreland,
7-19
8-16
7-19
Authorized > v Q«tstanding
>,000:
1951
$20>Q00,GOO^v^
iOi0O(M>OO
2%% debs., due Sept. 1. 197130,000,000
2.65%
25-yr. debs., due July-1, 1973—
80,000^000 A1/ ; 80,000,000
8-
2
7-16
Pfd.
9-15
8-31
1
Co
(quar.)
Ltd., 4%%
10-
25c
(quar.)_ $$1.12%
pfd.
3%%
1
8-16
8- 2
Pulp & Paper—
preferred (quar.)
$1.12%
initially
Westvaco Chemical Corp.—
$3.75
preferred
Western
Class
Pacific RR.
Common
Common
Common
5%
5'%
Tablet
&
preferred
Weston
7-20
Electric
7%
Mfg.
preferred
Sewing
Machine,
clears
payment
all
$2 prior preferred
$4
preferred
Wilcox
Oil
Wilson
Line,
Wisconsin
Wood
6%
2-
1
9-10
8-23
7-23
2
Cab
6-30
8-
1
7-26
8-
1
7-26
8-
2
10c
8-16
7-30
8-16
preferred
8-
(quar.)
$1.50
7-31
7%
7-15
8-
7-15
pfd.
(accum.)
$$1.75
2
2
Ltd.— )
& Co.,
8-23
7-
25c
8-
2
7-19
25c
10-
1
9-10
al5%
'
2
Machine
Co.,
Park
&
purchase
to
BUSINESS—The
OF
products of
the
corporation
7-
7-31
7-24
equipment for the aviation industry.
7-31
7-20
motors
Co.
30c
37 %c
31'Ac
37y2c
6
7-31
2
2
2
the Navy and the marine, industry in general, and certain
and
control
devices,
are
7-15
other
natural
important
resources.
use
on
farms
Many
and
not
^Payable
resident
in
tax
closed
this
funds,
tax
resident tax
dividend.
DEBENTURES
issuance
Canadian non-residents' tax.
7%.
Canadian
15%;
for
Funds, less 15%
deductible at
the
Non«
source.
British
30%
income
tax.-
Jamaica income tax.
:
riaiMjanni
<
>):
<
of
in
are
to
$50,000,000.
the
A.
public
the
corporation's products find an
In addition, many
implements.
150,000
Johnson,
T.
100,000 '
Inc
—
100,000
Whiting,
Co.
150,000
Stubbs
Johnston,
Lemon
&
—
Witter
Dean
Harold
&
150,000
100,000
Wurts, Dulles &
& Co
Co., Inc
Richards- & Co.—
Kebbon,
McCormick
&
Kay,
Co.
167,
E.
Yarnall
&
Co.—--
Wood
&
700,000
&
Co.
100,000
&
Co.
100,000
Co.——
100,000
Co.
100,003
150,000
—
—V.
300,000
Woodard-Elwood
Kalman
100,000
&
—
100,000
Co._
&
300,000
_
Weeks
100,000
Jones
2,000,000
Inc.—
Voorhis
H.
Kalb,
100,000
—
Corp—
& 'Oo,
1—_
Space .
Co.,
200,003
Webster
Co.,
Lane,
&
Janney
and
&
250,000
Co¬
2795.
p.
White Motor Co.—To Create Preferred Stock—
stockholders will
vote
authorizing 120,000 shares of
value; on increasing au¬
on amending regulations
relating to the respective voting rights of the preferred and common
stocks. The preferred stock will be offered publicly.
The net proceeds
will be used to increase working capital.—V. 167, p. 1409.
The
a
convertible
new
directors
convertible
par
declared
have
a
dividend
of
$60
share
per
'the
on
26.
The
erence
York
New
stock
tracts
be
made
prior
due-bills
all
Stock
not
delivered
certificates
that
$50
preference stock, in
full payment of
all current and
unpaid dividends, payable Aug.
1 to holders of record
accumulated
July
18 on
stock,
Sewing" Machine Corp.;—Wipes Out Arrearages
White
The
Aug.
preferred
stock by 300,000 shares; and
thorized commqn
to
Exchange
quoted
of
Holders
be
preference
said
26
settlement
in
of
2 must be accompanied
redeemed on Aug. 4.
Aug.
must
July 13 directed that the pref¬
dividend, until Aug. 2; that all
on
ex
July
after
by
Exchange
due-bills;
con¬
and
Expires July 23—
stock
on
July
9
were
notified
that
they
exchange their stock, under provisions of the company's re¬
capitalization plan of March 5, on the bafeis of one share with
accumulated and unpaid dividends for one share of prior preference
may
and
stock
three
shares
of
expires July 23.—V.. 168, p.
common
stock.
This
exchange
offer
90.
(F. W.) Woolworth Co.—June Sales Up 11.3%—
1948—Month—1947
1948—6 Mos.—1947
$46,380,980 $41,654,387 $270,592,249 $251,090,265
Period End. June 30—
Sales
—V.
—l
167,
p.
2584.
produced.
stockholders
' /
President,
through
1,000,000
Hutton
&
200,000
Spencer Trask & Co—
350,000
Tucker; Anthony & Co.
300,000
Union Securities Corp—_ 2,000,000
G. H. Walker & Co—
350,000
Weeden & Co., Inc—
100,000
White, Weld & Co—__
1,100,000
700,000
Co._—
Illinois Co.———
E.
W.
The
—
Weeks--"
&
Hornblower
July
12
approved
York
the
It
riew
.
Price,
Co.———
&
150,090
Boyce
Co.—
&
Stroud
200,000
Sv/eney CartWright <te Co
Swiss American Corp.—
100,000
100,000
Son
&
100,000
Co.
Co.—__
&
&
Securities
100,000 *•
Henry Herrman & Co.—
Co
to
farm
APPROVED—The
of $80,000,000
Gwilym
J O
electrical
Some of these products, such as
other manufacturers for appli¬
Bros.
&
Co.— 2,000,000
&
&
Staats
R.
Stern "Brothers
Stone
include
long-term debentures.
The stockholders also sanctioned a proposal to increase the com¬
pany's authorized indebtedness to $150,000,000 from its present level
of
»Less
xLess
sold
on
Stein
2,00"0.000"
st ix
Hilliard
100,000
350,000
Starkweather
100,ooo
—:-r--
300,000
200,000
700,000
Hemphill, Noyes & Co.— 2,000,000
B.
Co-
&
&
Moore
William
—
J.
700,000
Agnew
D'eane
Smith.
1,000,000
&
Hayden/ ' Miller & Co.i
Hayden, Stone & Co.—
pumps
types of household appliances
books
♦Transfer
Inc.
100,000
Co.—
Smith, Harney
200,000
-r —
100,000
Scranton & Co.
&
Singer.
Harris, Hall & Co. (Inc.) '
to their products,
such as machine tools/ washing machines,
and other electrie*powered equipment.
Electrical equipment is
supplied for the mining, drilling and recovery PL coal, ores, oil and
7-15
8-
and
Shields
Ripley *&. Co.;
cation
7-15
8-
for
7-25
8-
highly diversified
250,000
Co
&
Stringfellow
Scribner
—-
Sulzberger
'—
100,000
200,000
Co.,
Co
1,000,000
Co.,
:
Shuman,
_—
&
—_
&
Schwabacher
Offer to Exchange
are
7-20
Zeller's, Ltd., common—...
5% preferred (quar.).
6%
preferred (quar.)——
tPayable in U. S.
corporation,
practically all electrical and much of the related mechanical equipment
required by electric power companies, railroads, city transit systems
and industrial plants, as well as propulsion and electrical equipment
25c
(quar.)
Curry
elect
25c
37y2c
(quar.)
common
preferred
Inc.
Hallgarten
300,000
Schoellkopf, Hutton &
Pomeroy, Inc.——
Sc
&
Scott.
Grubbs,
respect to particular products varies.
The
Manufacturing
to
which is primarily
an
operating company, has-been in business over 60 years.
It is
engaged in the manufacture and
sale of electrical apparatus and
appliances for the generation, transmission, utilization and control of
electricity and in the manufacture and sale of steam and gas turbines
and associated equipment.
On an over-all basis, the corporation is
the second largest producer of electrical apparatus and appliances in
the United States, although its relative position in the industry with
7-21
$2.50
continuously employed for approximately, four months will be
CHARACTER
Jr., Co.—
Yates-American
conv;
10-22
(s-a)
preferred
(interim)
Towne
1
$1.25
& James),
Wrigley (Wm.)
Monthly
Yosemite
1st
(F. W.)
Ordinary
6%
1
50c
(quar.)
5%
Co.,
(Alex
Yellow
11-
shares; that, subject to the aforesaid
limitation on
the
total offering,
the niimber of shares which any
employee may elect to purchase will be determined with reference -to
his annual earnings, except that an employee who elects to purchase
shares may not elect to purchase less than four shares, and except
that no employee may elect-to purchase more than 125 shares; that
shares
will be paid
for, by. deductions from pay, over a period of
months; that the price to be paid by employees for shares purchased
by them will be the average market price of the common stock in the
month when the purchase is completed less a predetermined amount,
but not less than a predetermined minimum price and not more than
a
predetermined maximum price;
and that employees will not be
committed to purchase but may, at any time prior to the completion
of their purchases, cancel their elections to purchase and have paid to
them, without interest, the amounts theretofore deducted from their
pay.
The funds received from the sale of common stock pursuant to
such a plan will be available.for general corporate purposes.1: * «•■•
eligible
Co.—
(quar.)
Co.
Woolworth
Yale &
has been
$60
arrears)
(quar.)
in
1
(this
pfd.
conv.
expect,
1,
the
to
9-17
11-
directors
an-employees' share purchase plan whereby,
1948, eligible employees will be afforded an opportunity
elect to purchase shares of common stock.
While the' details of the
Sept.
1
7-21
$1.75
Fund
Wilbur-Suchard Chocolate
$5
$1
adopt
to
PLAN,—The
PURCHASE
STOCK
future,
near
2
8-
50c
(quar.)—
(s-a)
debentures
8-
14c
non-cum.
the
2-
11-
1
10-
$1.25
Corp.
of
plan, and that the offering will be limited to that number of
shares; that each employee (other than, directors and :officers)• who
8- 2
Stationery Corp.—
Instrument
conversion
upon
plan have not yet been completed, it is expected that approximately900,000 shares of common stock will be reserved for offering pursuant
Cement
Whitehall
White
7-15
2
8-16
75c
11*15
75c
75c 2 ■15-49
8-16
$1.25
11-15
$1.25
■15-49
$1.25 2
Wheeling & Lake Erie Ry.—
4% prior' lien (quar.)
Whitehall
8-
Co.
(quar.)
issuance
——
Schmertz
&
J.
EMPLOYEES'
the
to
!
.-79,974,shs.
500,000 shs.
13,016,342 shs.
■
stock, 2,400,000 shares will,
unissued common
for
I
•
C.
Co.
&
&
Inc.
W.
1
offered.
about
31'Ac
preferred A (quar.)
preferred A (quar.)
preferred A (quar.)
Western
1
reserved
• •
.
Hutzler
R.
Scott
Harrimari
660,000 shs.
.
.
* 18,000,000 shs.
$12.50)
(par
authorized but
be
.
Bros.
Chas.
Hirsch
Co.—
(quar.)
5%
8-
$100—
par
Rothschild
150,000
Hallowell,
'*-
7-12
Co.—
(quar.)
(quar.)
5%
2
25c
Light & Telephone
preferred (quar.)
Western
8-
(accum.)
Western
5%
93%c
(quar.)
Securities
Insurance
A
now
1,
pfd. stk., series A_
pfd. stk., series B
stock
the
^Of
West Virginia
4% %
cum.
Common
8-13
9-
(cum.),
cum.
3.80%
9-15
1
stock
Nov.
100,000
F.
Salomon
200,000
-
.
debs., due
Mosle. and More-
land
MacGregor,
Inc.
FINANCING"
PRESENT
TO
EFFECT
GIVING
CAPITALIZATION,
100,000
Sons
&
700,000
Goldman. Sachs & Co. 2,000,000
Graham, Parsons & Co.
250,000
Marache
Co
Rollins
H.
L.
100.000
First of Michigan Corp.
150,000
Glore, Forgan & Co
.' 2,100,000
Granbery,
300,000
Co.—
&
Rotan,
Corp.
now
8-16
$1
Inc.
are
300,000
-
Inc.
100,000
Field, Richards & Co.—
100,000
The First Boston Corp. 6,000,000
The First Cleveland
&
150.000
Gardner—
Co—
Robinson-
E.
150,000
Glover
&
&
Humphrey
100,000
"
350,000
150,000
;
Co.,
&
100,000
Riter
700,000
Co
Co.
&
Pierce
Inc.
Fauset, Steele & Co.
together with such, additional-funds
proceeds,
&
200,000
——'
Co
&
Reinholdt
The
Clark & Co.
Farwell, Chapman &
Inc.—
Presspriqh
Reynolds
700,000
Fahey,
100,000
Hawley,
Putnam
150,000
Co.
&;
250,000
Co
&
—
Rauscher,
100,000
2,000,000
Co.
Co
W.
R.
Securities
Corp.
Estabrook
treasury
2
21/8%
$1.75
$1.50
75c
preferred (quar.)
preferred (quar.)
Manufacturing—
net
350,000
700,000
150,000
Deetjen
Equitable
outstanding in the principal amount of $80,000,000,
due April 30, 1951, and bear interest at the rate of l3/*% per annum.
They may be prepaid without premium. .
tended,
Co.—
West Point
(George),
9
10-15
17%c
•
10-
10-20
the
&
Emanuel,
of the corporation as shall be required, ai'e .to be
applied to the prepayment of the corporation's; outstanding bank loans,'
The bank ioans were' originally made in 1946, in order to repay the
corporation's outstanding
wartime V Loans, and
to obtain funds
necessary
for return
to
peacetime operations.
Since the original
borrowings, the amount of such loans has been reduced by payment
and thereafter increased
by further borrowings.
The loans, as ex¬
from
Dillon
&
&
Fenn
Shepard & Co.,
1,000,000
Francis I. duPont & Co.
100,000
Inc
Jaffray
Hopwood
Prescott,
Dominick—
Elworthy
Co.
Piper,
&
Co
Eastman,
Phelps,
150,000
&
&
Writer &
Christensen,
100,000
Merle-Smith-.—
&
Drexel
700,000
Curtis^.
&
Peters,
100,000
:
100,000
Jackson
Webber,
100,000
Co.—
Richardson
Dcminick
RIGHTS—Debentures will be convertible, at the option
PURPOSE—The
9-10
7-20
37J/2c
$1.12%
$1.06%
$1.75
12y2c
(quar.)
Dick
Stock
of
cipal amount of debentures).
9-20
6c
West Michigan Steel Foundry—
7%
prior preferred (quar.)
Weston
8-
35c
35c
62%c
the
of
before July 1, 1958
(or, in the case of any debenture called for redemption on or before
July 10, 1958, through the operation of the sinking fund or otherwise,
then until the close of business on the 10th day prior to the date fixed
for redemption), into shares of common stock of the corporation (with¬
out adjustment for interest accrued on debentures
converted or for
dividends on common stock issued upon conversion) at a conversion
price of $33'A principal amount of debentures for each share of
common
stock
(i.e., 30 shares of common stock for each $1,000 prin¬
8-20
35c
Electric
CONVERSION
1
8-
1
Investing
listing
Exchange and their registration under the Securities Exchange Act
1934.
'
1
12-10
2
f
for
&
Co.—
&
Northwest
Paine,
150,000
Pancoast
appli¬
of the respective holders thereof, at any time on or
8-
(quar.)
(quar.)
1,
the
200,000
150,000
Davis, Skaggs & Co.
Dewar,
1, 1973.
Corporation has made
debentures on the New York
1948; due July
July
7-15
8-
10-
9-
Brothers
Penn
Dated
Dain
M.
150,000
Co.—
Ohio
Pacific
100,000
House
Curtiss,
J.
200,000
250,000
Cook & Co.—
C0.^.
Pacific Co. of California
100,000
700,000
Co.—
&
&
Co.
Co
&
Moseley
Newhard,
700,000
Collins
S.
The
Clark & Co
W.
& Co.— 4,500,000
700,000
Co._,__
100,000
F.
150,000
&
Courts
350,000
Mu'.laney, Wells & Co.—
Maynard
H. Murch
&
Co.
Co.—
Dodge & Co
Ciark
Monell
Morgan Stanley
Co.
(Inc.)
vertible) at 101 and interest.
$1
Common
6%
7-14
7-15
(quar.)—
preferred
Washington Gas Light, common
$4.50
preferred
(quar.)
$4.25
preferred (quai*:)
Wellington Fire Insurance (s-a)
Wentworth Mfg. Co.
(quar.)
7%
2
:—
Co., class B (quar.)
Waterloo, Cedar Falls & Northern RR.—
West
8-
7-31
Republic
150,000
100,000
& Co.—
Moore, Leonard & Lynch
100,000
&
;—
Chaplin
E.
7-20
30c
preferred
preferred
Byllesby
Central
Corp.—Debentures
Electric
Sherrerd
&
M.
200,000
Co
150,000
& Co.—
-(Inc.)
2S12.
7-14
$1.25
$1.25
50c
-
Common
Warren
p.
2
50c
Virginian Railway, 6%
Vulcan. Detinning Co.
Slocumb
1,100,000
Beane,
&
Turben & Co..—
350,000
Sons
&
Brown
Lynch, Pierce,
Minsch,
Co.;
&
Boynton
300,000
Milwaukee
The
&
250.000
Co.——
& Co
Fenner
Merrill,
100,000
F.
H.
2
7,/2c
$2
Extra
Wall
156,
Westinghouse
Merrill
100,000
Co
100,000
Co.—To Finance—
8-
62%c
62 %c
—
Virginia Coal & Iron
Virginia Iron Coal & Coke—
4%
convertible preferred
(quar.)
7%
program.—V.
cation
5%
Co., Inc
Sullivan
the
to
25c
(quar.)
5%
7%
applied
company
8-
Co.—
Knitting
McDonald
&
Alex.
25c
(quar.)—
common
Extra
Universal
A.
100,000
350,000
2,000,000
and
H.
1948—6 Mos.—1947
75c
,
(initial quar.)
preferred
Leaf
1,000,000
150,000
Inc
&
Masten
E.
Inc.
•
100,000
300,000
—
Whelen & Co.—
& Co., Inc.—'
Co.
350,000
Legg & Co.
Marks
&
Mason-Hagan,
700,000
Co.—
&
2,000,000
Rhoades
M.
Co.
150,000
Co.
Co.
50c
Radiator Corp.—
New
&
Biddle,
Offered—
Kuhn, Loeb & Co. and associated underwriters on July
15 offered $80,000,000 .2.65% 25-year debentures (con¬
70c
Quarterly
Universal
Stearns
Becker &
G.
A.
Julien
U. S. Pipe & Foundry Co.—
U. S.
Laurence
Eichler
1,100,000
Corp
Co.—k.—«.——
&
Mackubbin,
Butcher
9
M.
150,000
Co
&
Freres
Higginson
100,000
Kraus__
&
&
Bateman,
Massachusetts'Department of
Public Utilities for authority to issue $11,000,000 of mortgage bonds
or unsecured notes,
proceeds of which would be used to retire $5,695,000 outstanding obligations and to
finance the company's expansion
July
Lee
100,000
Burge
Barth
(Mo.)—June Sales—
Western Massachusetts Electric
12-20
8-
Loeb;
Co.;
Ball,
167, p. 2584.
On
7-15
2
9-30
50c
Guarantee,
U.
common.—
Chemicals—-
U.
7-
8-15
Brothers
Carl
2,000,000
150,000
Co.— 1,000,000
Co._,— 2,000,000
&
Lazard
Brush,
7-21
(quar.)__
8-
Specialties
Extra
Langley
Lehman
J.
7-21
25c
62y2c
United
United
—
Meeds-
Bisseil &
150,000
&
—
$10,985,000 $10,112,000 $55,307,000 $52,828,000
Sales
8
—:
C.
W.
: '•
350,000
Baird
W.
Blyth
1948—Month—1947
Period End. June 30—
CO.
Laird,
Baker, Weeks & Harden
Arthur C. Smith, Cargo-Traffic
$100,000
Co
Ladenburg, Thalmann &
100,000
100,000
Boettcher
Western Auto Supply Co.
Kidder &
M.
Kidder, Peabsdy & Co. 1,100,003
100,000
Kirkpatfiek-Pettis Co.—
350,000
Applegate
the principal
and
underwriters
A.
Baker, Watts & Co—150,000
194.
p.
$6,000,000
800,000
T-——
G.
Bosworth,
Manufacturers—
dividend
168,
Co. Inc.
the
Securities
Inc.
figure of 1,475,810 pounds repre¬
this time when 962,645 pounds
to date
year
carried.—V.
been
Allyn and
of
each are as follows:
Robert
increase over last year at
53%
a
the
said
Smith
Mr.
had
its
Bacon, Whipple & Co—
Manager.
sents
names
be purchased by
to
Klima
Air Lines,
227,119 pounds were hauled, announces
of
Arthurs, Lestrange &
335,179 pounds of air freight" was carried in May by
representing a 48% increase over May, 1947, when
Of
C.
Geo.
9-15
8-
58J/3C
58]/3C
58V3C
53c
53c
53c
50c
50c
50c
7-
8-
——
—
total
Western
utilization
24.
Corp.
^
'
$30,000,000
present
American
Air Freight Carried—
Western Air Lines, Inc.—More
prior preferred (monthly)
prior preferred (monthly)7% prior preferred (monthly)
6.36% prior preferred (monthly)
6.36% prior preferred (monthly)
6.36% prior preferred (monthly)
6% prior preferred (monthly)
6%
prior preferred (monthly)
6%
prior preferred (monthly)
Merchants &
' '
167, p. 2694.
outstanding at present
of debentures
has
and
1951
its
Kuhn, Loeb & Co.-A.
$3,969,667
common
7%
Stock
8-31
$5,153,287
West Penn Electric Co.—Weekly OutputPower output of the electric properties of this
company for the
•week
ended
July 10, 1948 totaled
86,076,000 kwh.,/ a decrease of
5.61%
under the output
of 91,190,000 kwh. for the corresponding
week of 1947.—V. 168, p. 194.
Cash will
shares held.
7%
United
7-15
$501,954
net
UNDERWRITERS—The
1948—11 Mos.—1947
1948—Month—1947
$558,402
—V.
7-15
8-
in lieu of fractional shares at
paid
the
Traction
&
stock for each 50
1
8*15
38c
25c
15c
10c
in
June
Virginia Dare Stores, Inc.—June Sales Up 11.25%—
Period End. June 30—
of
share
has
Jr.,
formerly
was
Sales
87V2C
(quar.)
B
United Light & Railways Co.—
Common
(stock dividend)
One
\
7-31
8-
He
law,
company
amount
Cigar-Whelan Stores—
convertible preferred (quar.)
Corporation, Ltd.,-class A (quar.)—
Class B (quar.)__
United Drill & Tool, class A (quar.)
$3.50
United
Class
been appointed Director of Public Rela¬
Assistant Director of Public Relations for
Chesapeake & Ohio Rv. Co. of Cleveland, and he will assume his
duties July 19.—V. 167, p. 2694.
Porterfield,
L.
at a
price to be determined shortly
proceeds will be applied to the payment
loans which mature in
1951.
Under the
loans are not classified as authorized in¬
The
bank
these
in
$20,000,000 in debentures
due in 1971, which con¬
authorized indebtedness.
A
registration statement ■ covering this new $80,000,000 debenture
issue
was
filed
with
the
Securities
and
Exchange Commission
on
issue
was
filed
with
the
Securities
and
Exchange
Commission on
due
,
7-31
7-31
8-16
62J/2c
(increased quar.)
Union Oil Co. of California
United
8-16
8-16
$1.12%
92 %c
87VSC
(quar.)
preferred
preferred
$3.70
Pennsylvania
Relations—
Vernev Corn.—Director of Public
H.
stock
common
offering.
debtedness.
stitute
tions.
25c
into
the
$80,000,000
The
Co.—
(increased)
Quarterly
of
8-10
11-15
before
7-2
7-31
9-
Monday, July 19, 1943
vertibie
(Dallas)
Street
Rubber
&
9-30
25c
25c
62»/2c
(quar.)
(s-a)
Special
Trinity Universal Insurance
Quarterly
i.
Quarterly
208
General Corporation and
Investment News
9-18
25c
$1.06'A
25c
15c
preferred
Corp.
CHRONICLE
FINANCIAL
&
Holden
Payable oj Rec.
Realty & Construction—
Quarterly
Toledo
COMMERCIAL
said
underwriters
tbe
this
:
debentn'res wri he sold
month.
They will be con-
new
is
Corp., York, Pa.—$6,500,000 on Expansion—
announced that
this
corporation is spending
$6,500,000 for
expansion and modernization program at its two plants at York
which will include new buildings,
modern production equipment
facilities
for
new
development.
prewaf output at the West
2694.
p.
Upon
completion, it is
expected
York plant will be nearly tripled.—V.
an
Pa.,
and
that
167/
Volume 168
THE
Number 4717
COMMERCIAL
STATE AND
&
FINANCIAL
CHRONICLE
(293)
49
.
CITY/DEPARTMENT
BOND PROPOSALS AND NEGOTIATIONS
ARIZONA
Duncan
High Sch. Dist.,
Greenlee County (P. O.
Clifton), Ariz.
Bontl
the
sale
bonds
of
<5
Sale—In
of
at
connection
the
$170,000
with
school
2.90%,
as
issue—v.
were
sold to
ARKANSAS
Cleburne, Conway, Faulkner, Lee,
Lonoke, Monroe, Perry, Phillips,
Pope,
Prairie, Stone,
Van
Buren, White and Woodruff
Counties, Regional Housing
Authority, Ark.
Sale—The
loan
porary
fered
$210,000 tem¬
(series 4) notes of¬
July 13—v. 168, p. 200—
were purchased
by the Chemical
Bank & Trust Co., of New York,
and Associates, the
only bidders,
at 1.04%. Dated
Aug. 5, 1948. Due
Feb. 11, 1949.
on
Co.,
as
of
basis
a
1948. Due
of
4s, at
serially
on
was
Bond
Los
Bond
Clerk
will receive sealed bids until 10.30
a.m.
(Calif.
Time)
on
Daylight
Savings
July 26 for the purchase
$34,000 school bonds. Dated
Sept. 1, 1948. These are the bonds
of
authorized at the election held
June 11.
on
Los
Angeles), Calif.
Bond Sale—The $1,300,000 sew¬
Atr
disposal
age
bonds
offered
on
July 14—-v. 167, p. 2626—were
purchased by a syndicate com¬
posed of Blyth & Co., R. H. Moulton & Co., Security First National
Bank, all of Los Angeles, Harrianan
Ripley & Co., Inc., William
R. Staats & Co., of Los
Angeles,
Redfield & Co., of Pasadena and
Hannaford & Talbot, of San Fran¬
cisco,
:
as
3s, at
a
price of 102.951,
basis of 2.729%. Due
m
May
1, from
1974 to
serially
1986
on
inclu¬
sive. The next highest bidder
was
iWeeden & Co., and Associates, for
3s, at 101.28.
Denair
Unified
School
District,
Stanislaus County (P. O.
Modesto), Calif.
Bond Sale—The $114,000 school
bonds offered on July 12—v. 167,
p. 195—were purchased by Blyth
<& Co., and R. H. Moulton & Co.,
both
of
2%s, at
interest
Los
a
Angeles, jointly, as
price of 100.021, a net
cost
of
2.246%.
Dated
000
not
1948.
exceed
bonds.
America
National
,
:
1959, and $135,000 as 3y2S,
maturing from 1960 to 1979
inclusive.
150,000
interest
District
San¬
bonds,
at
a
price of 100.019, a net interest
of 3.529%, for $45,000 as
33/4s,
maturing on July 2,
cost
as
from
000
able to the Chairman of Board of
Olinda
1949 to
1960, and $105,maturing from
1978, all inclusive.
3y2s,
as
1961
to
All of the bonds
are
dated
July
Jefferson Union School District,
Fresno County (P. O.
offered
sociation, of
only bidder,
San
as
Perris
Union High School District,
Riverside County (P. O.
cipal and interest
(M-S) payable
County Treasurer's office.
Riverside), Calif.
Bond Sale—The $249,000 build¬
$1,000 pay¬
Supervisors,
ing bonds offered on July 6—v.
167, p. 2734—were purchased by
is required.
the
Kinpsburg Joint Union High School
District, Fresno, Kings and
Tulare Counties (P. 0„
were
Francisco, the
43/4s, at 100.03, a
basis of 4.74%.
Dated May 24,
1948. Due $200 on May 24, from
1949 to 1961, incl.
from 1949 to 1953 inclusive. Prin¬
of
21
ica National Trust & Savings As¬
(Calif. Day¬
light Savings Time) on July 27
for the purchase of. $35,000 not to
exceed 5% interest building bonds.
Dated Sept. 1, 1948. Denomination
$1,000.
Due $7,000 on
Sept.
1,
a.m.
the Board
June
on
purchased by the Bank of Amer¬
Bond Coffering—E. Dusenberry,
County Clerk, will receive sealed
able to
Bank
Trust
&
of
America
Savings
National
Association,
of
San Francisco, at
curity-First National Bank of Los
Angeles, for $60,000 as 2s, and
$90,000 as 2y4s, at 100.01.
Los
Angeles County Sch. Dists.
(P. O. Los Angeles), Calif.
Bonds
Offered
bonds offered
p.
—
The
$217,000
July 13—v.
purchased by
on
195—were
168,
the
Security First National Bank of
Los Angeles, as 2%s, as follows:
$117,000
076,
,
1948. The next highest bidder was
Paine, Webber, Jackson & Curtis,
and Redfield &
Co., jointly, for
3s, at 101.007.
,
Fallbrook Public
Utility District,
(P. O. Fallbrook), Calif.
■
Bond Sale—The $109,000 water
development plan No. 7 bonds of¬
fered
were
July 12—v. 167, p. 2836—
purchased by John Nuveen
on
& Co., of Chicago, and the William
lir
$25,000
1960
■
interest
series
Aug.
on
inclusive.
rate
1,
from
Bidders
interest
of
1949
to
to
name
in
multiples
of 1/10 or V4 of 1%.
Principal and
interest (F-A) payable at the
City
Treasurer's office. Registerable as
to principal only. The purchaser
will be furnished with the favor¬
able opinion of Ropes,
Gray,
Best,
Coolidge
&
Rugg, of Boston.
A
certified check for 2% of the face
value of the bonds bid for,
pay¬
to the
City Treasurer, is
Bank, of Boston. Bidders to
one
multiples of
y4 or 1/10 of 1%, for all of the
bonds.
Approved as to - legality
3y Storey, Thorndike, Palmer &
Dodge, of Boston, whose opinion
will
be
ljgan, Secretary, will receive seal¬
bids until 10 a.m. (DST) on
July 20 for the purchase of $2,000,000 temporary loan, series M-2
notes.
Dated Aug. 3, 1948.
Due
Feb. 24, 1949. The notes will be
ed
approved
as to validity by Cald¬
well, Marshall, Trimble & Mit¬
chell, of New York City, and a
copy of such opinion will be fur¬
nished by the Authority to the
successful purchaser or purchasers
without charge.
Middletown Housing
Conn.
Note
purchaser
First
the
about
purchaser.
National
Aug.
Bank
6,
the
at
of
Boston,
against payment in Boston funds.
Shelton, Conn.
J
Bonds
tion
did
Not
held
X.
Voted—At
June
on
26
elec¬
an
the
voters
not
approve the issuance of
$350,000 municipal building con¬
struction bonds.
Stratford, Conn.
Bond
Offering—Harry B. Flood.
Manager, will receive sealed
bids until 2 p.m.
for
to
the
(EST) on Aug. 4
purchase of $100,000 not
3% interest Wilcoxson
exceed
school
addition, series of 1948 cou¬
Dated Aug. 15, 1948.
Denom. $1,000. Due $10,000 on Aug.
pon
bonds.
15, from 1949 to 1958 inclusive.Principal and interest (F-A) pay¬
able
at
the
Stratford.
Stratford
Trust Co.,
approving opinion
Comley, of Bridge¬
The
of Pullman &
port, will be furnished to the
suc¬
cessful bidder without
charge.
A
certified check for $2,000 payable
to the Town, is required.
Waterbury Housing Authority,
Authority,
Conn.
Note Sale—The $1,741,200 tem¬
Sale—The
$940,000 tem¬
porary
loan
(series
11)
notes
offered on July 13—v. 168, p. 200
—were purchased
by the Chemical
Bank & Trust Co., of New York,
furnished
The bonds will be delivered to the
re¬
Housing Authority, Conn.
name
rate of interest in
Town
Hartford
disposal plant bonds offered on
July 13—v. 168, p. 195—were pur¬
chased by the Bank of America
bonds, at
a
School
tion,
of
interest
a
Aug. 1, from 1950 to 1968
inclusive.
Francisco,
cost
June
15,
June
15,
San
of
1948.
from
at
2.5315%.
Due
1949
net
a
Dated
serially
to
1973
on
in¬
bonds, at
Bond
price of 100.769, a
Due serially
Aug. 1, from 1949 to 1968
a
basis of 2.662%.
inclusive.
Sale—The
Union
$46,000
Schol
Pom-
District bonds
offered
on July 12 were
purchased
by the County Employees Retire¬
ment Fund, and the San Diego
Unified
School
District
Retire¬
ment Fund,
Dated
Dated
District bonds offered at the
time
was
same
jointly as 2%s, at par.
Aug. 28, 1948. Due serially
trict
bonds
offered
at
the
&
Cole,
by Robinson,
of Hartford, a
of such opinion will be de¬
livered
to
the
purchaser without
charge.
New
Britain, Conn.
Offering — W. H.
Bond
President
and
of
Board
of
Judd,
Finance
Taxation, will receive sealed
bids c/o the New Britain National
until 11.30 a.m. (DST) on
July 20 for the purchase of $555,000
by the Wes¬
ley Hall & Co., of San Diego, at
Monterery County Sanitation Dists. a
price of 100.097, a net interest
(P. O. Salinas), Calif.
cost of 3.172%, as follows: $50,000
Bond Sale
The $340,000 im¬ as
3V4s, maturing on Aug. 28,
provement bonds offered on July from 1949 to 1965, and $9,000 as
12—v. 168, p. 91—were purchased 3s, maturing from 1966 to 1968,
all inclusive. Dated Aug. 28, 1948.
by a syndicate composed of the
The next highest I bidder
was
Bank of America
bonds, divided
as
follows:
$170,000 public improvement, sec¬
ond series,
1st issue bonds.
Due
July 1, as follows:
$19,000 from 1950 to 1957, and
$18,000 in 1958.
140,000 street, series of 1943, 4th
issue bonds.
Due $14,000 on
July 1, from 1950 to 1959 incl.
100,000 sewer fund, 20th series,
on
2nd issue bonds. Due
1,
as
to
on July
follows: $5,000 from 1950
1963, and $6,000 from 1964
to 1968, all incl.
70,000 public improvement, first
series, 3rd issue bonds.
Due
on July
1, as follows: $8,000
from 1950 to
in
same
time were purchased
canceled.
approved
Bank,
Diego County School Districts
(P.O. San Diego), Calif.
eroda
100,000 Carmenita-School District
on
San
District
price of 100.758,
copy
National Trust & Savings Asocia-
clusive.
Artesia
be
Robinson
on
Dated Aug. 25,
3%
plant,
1948 coupon bonds. Dated
Aug. 1,
1948.
Denomination
$1,000. Due
will
Pleasanton, Calif.
basis of 2..668%. Due serially
on
a
Bond Sale—The $125,000
sewage
Sale—The
1963 inclusive.
exceed
disposal
Bank, New Britain, or at the hold¬
option at the First National
ers
porary loan, series M-l notes of¬
fered on July 13—v. 168, p. 195—
were purchased
a price of 100.by Salomon Bros.
& Hutzler, at 0.94%, plus a pre¬
net interest cost of 3.075%,
as follower:" $144,000 as
mium of $5.
Dated July 19, 1948.
3f/4s, ma¬ .and
Fresno), Calif.
Associates, at 1.02%. Dated
Due July 19, 1949. The next
turing on Aug. 1, from 1949 to
highp
Bond Sale—The-$150,000 build¬
Aug. 5,-1948. Due Feb. 11, 1949. '
est bidder was the Colonial Trust
1960, and $105,000 as 3s, maturing The
next highest bidder was the
ing bonds offered on July 6— from
1961
to 1989, all inclusive.
Co.,
Waterbury, at 1.00%, plus
Central Hanover Bank & Trust
v.
167, p. 2836—were purchased Dated
Aug. 1, 1948.
Due serially
$147.94.
Co., New York, at
1.03% plus
by Blyth & Co., and the William
on Aug.
1, from 1949 to 1969, all
R. Staats Co., both of Los Angeles,
$11.00
inclusive.
The next highest bid¬
FLORIDA
jointly, at a price of 100.014, a net der was the
Note Offering—Louis W. John¬
William R. Staats Co.,
interest cost of 2.133%, as follows:
Bradenton, Fla.
Blyth & Co., California Bank, Los son, Secretary, will receive sealed
$100,000 as 2s, maturing on Aug. 1,
bids until 1 p.m. (EST) on July 21
Bond Offering—Harold F.
Siver,
Angeles, and John Nuveen & Co.,
from 1949 to 1958, and $50,000 as
for the purchase of $435,000 tem¬ City
Clerk, will receive sealed
jointly, for $48,000 as 2s, $145,000
2y4s, maturing from 1959 to 1963
porary loan (series M-l) notes. bids until 1.30 p.m. (EST) oh July
as
3y>s, and $56,000 as 3s, at
inclusive. Dated July 1, 1948. The
Dated July 26, 1948. Due July 26,
30 for the purchase of
100.17.
$1,200,000
next highest bidder was the Se¬
1949. The validity of the notes water and sewer revenue bonds.
i
—
to
to
and
Note Offering—Edward W. Gil-
Bond Sale—The $2,600 building
bonds
Calif.
for
not
quired.
Elementary School District,
County (P. O. Redding),
Calif.
tfte
000
sewer
able
Shasta
Supervisors, is required.
certified check
noon
(DST) on
July 28 for the purchase of $300,-
one
Castroville County
itation
Aug. 1,
$1,000. Due
able at the New Britain National
Bond
Sealed bids until
Aug. 1, 1948.
The next
$95,000 school highest bidders were the Bank of on Aug. 28, from 1949 to 1963 in¬
July 12—v. 168, America National Trust & Savings clusive. The next highest bidder
p. 195 — were purchased by the
Association, San "Francisco, for was William R. Staats Co., and
Security First National Bank, of $100,000 as
2%s, at 100.189, and Redfield & Co., jointly, for $15,Bos Angeles,: at a price of
000 as 3s, and $31,000 as
100.941, $117,000 as 2'%s, at 100.144.
3y4s, at
2
net* interest cost of
2.858%, as
Bond Sale Canceled—Due to an 100.04.
follows: $70,000 as 2%s,
maturing error in the notice 'of sale the sale
Additional Sale
The $59,000
on Aug.
25, from 1949 to 1958, and of the
$340,000 Bellflower School Valley Center Union School Dis¬
$25,000 as 3s, maturing from 1959
Bond
bonds offered
:
and
2, 1948.
at
CONNECTICUT
Bridgeport, Conn.
Offering—Adolph D'AuTalbot, of San Fran¬
lisa, City Comptroller, will receive
follows:
as
interest to be in multiples of y4 of
1%. A certified check for 3% of
the amount of bonds bid for, pay¬
Trust
Encinitas Union School District,
San Diego County (P. O.
San Diego), Calif.
Oakland,
to
Dated
Denomination
Aug. 1,
Co., .of
$190,000 Pajoro County Sanitary
District bonds, at a price of
100.0205, a net interest cost
of 3.47%, for $55,000 as 3y4s,
maturing on July 2, from 1949
District,
&
Savings Association, San Fran¬
cisco, for $36,000 as 2Y4s, and
$73,000 as 2V2S, at 100.148.
cisco,
follows: $15,000 from
3949
to
1960, and $10,000 from
1961 to 1968, all incl.
Principal
and interest (F-A) payable at they
County Treasurer's office. Rate of
on
15, 1948.
Due serially on
1, from 1949 to 1958, incl.
"The next highest bidder was the
of
The next
5%
&
Hannaford &
Angeles), Calif.
to
building
Aug.
Aug.
Bank
2,
Lippold,
County Clerk, will receive sealed
bids until 10 a.m. (Calif. I}ST) on
July 20 for the purchase o;f $260,-
A
County Sanitation District No. 3,
i
Los Angeles County (P. O.
White
Offering—Earl
bids until 10:30
Offering—Marie Nasland,
of
Board
of Supervisors,
Levy & Williams, Stone & Youngberg, all of San Francisco, C. N.
Angeles County (P. O.
Fresno),
Calif.
Jan.
100.51, for 4s.
School
Hawthorne
Los
Angeles,
Jan. 2, from
1948 inclusive.
1963 to
CALIFORNIA
Borego School District, San Diego
County (P. O. San Diego),
Los
price of 101.136,
a
3.926%. Dated
highest bid
net interest cost
reported in our July
168, p. 91—we learn
Kirby
Ii. Vidrine & Co., of Phoenix.
Note
jointly,
par, a
that the bonds
Si
Staats
R.
Union
1957
and
1956, and $7,000
1958, all incl.
50,000 subway fund, fifth series,
2nd issue bonds. Due
1,
on
July
follows: $2,000 from 1950
to 1956, and $3,000 from. 1957
as
—
National
& Sayings
Trust
Trust
Association, American
Co., Weeden & Co., Lawson,
the
.William
R.
Staats
Co.,
and
Associate, for $23,000 as 31/2S, and
$36,000 as 3V4s, at 100.03.
••
to
1968 incl.
25,000 subway fund, sixth series,
1st issue bonds. Due on July
1, as follows: $2,000 from 1950
to 1957, and $3,000 from 1958
to 1960, all incl.
Dated July
000.
1, 1948. Denom. $1,Principal and interest pay¬
Dated March 1, 1948. Denom. $1,Due on March 1, as follows:
000.
$30,000
$33,000
$35,000
$38,000
$41,000
$44,000
$46,000
$50,000
$53,000
in
in
in
in
in
in
in
in
in
$57,000
in
$62,000
$66,000
in
in
and
1.950;
1952;
1954;
1956;
1958;
1960;
1962;
1964;
1966;
1968,
1970;
1972;
$70,000
bonds
in
$32,000 in
$34,000 in
$37,000 in
$39,000
$42,000
$45,000
$48,000
$52,000
$56,000
$59,000
$63,000
$68,000
1974.
in
in
in
in
in
in
in
in
in
All
1951;
1963;
1955;
1957;
1959;
1961;
1963;
1965;
1967;
1969;
1971;
1973,
of
the
maturing
subsequent
to
optional for
redemption prior to maturity on
any interest payment date on or
after March 1, 1960, upon terms of
103% if called for redemption on
or prior to Sept. 1, 1964; 102% if
called for redemption thereafter
and on or prior to Sept. 1, 1968;
101%
if called
for
redemption
thereafter and on or prior to Sept.
1,1972; and upon terms of par and
March 1, 1960, will be
accrued
interest
rate
called
if
at
the
coupon
for
redemption
prior to maturity.
Principal and interest- payable at
the Guaranty Trust Co., of NewYork City. Bidders should specify
thereafter and
the
rate
or
rates of interest in
a
multiple of !4 of 1%, and with all
bonds of the
same maturity bear¬
ing the same interest rate.
The
City will furnish the prepared
bonds and the approving opinion
of Chapman & Cutler, of Chicago,
and
all
tioned.
bids
must
be
so
condi¬
A certified check for ?%
of
the principal amount
bonds, is required.
-
of
the
50
THE
(294)
.
and 1970; $13,000 in 1971 and 1972;
$14,000 from 1973 to 1975; $15,000
Gainesville, Fla.
Certificate Offering
A. Clar¬
—
in
certificates.
1948.
Denom. $1,000. Due
Dated
the
1,
Jan.
of
as
1965; $34,000
1967; $36,000
1969; $39,000
in
inverse
of
Finance
Albany Housing Authority,
Note
Lakeland,
-Paying Agent
—
(series 8) notes of¬
July 13—v. 168, p. 200—
purchased by the Chemical
on
were
Bank
&
Trust
Co., of New York,
and Associates, the only bidders,
at 1.04%. Dated Aug. 5, 1948. Due
Feb. 11, 1949.
the
Augusta Housing Authority, Ga.
Note
are
to be conditioned upon the
unqualified opinion of Chapman
& Cutler, of Chicago, the cost of
which will be paid by the City.
A
for $17,000
City, is required.
Ga.
$379,000 tem¬
loan
porary
fered
Rate of interest to be in
multiples of xk or 1/10 of 1%. Bids
check
Sale —The
Sale
—
The $308,000 tem¬
loan
(series 9) notes of¬
July 13—v. 168, p. 200—
purchased by the Chemical
porary
fered
Bank
Bros.
The Manufac¬
&
Hutzler,
at
1.12%,
plus
North Miami,
•*
Certificate
offered
168,
p. 92—were purchased by B. J.
Van Ingen & Co., of New York,
and Stranahan, Harris & Co., Inc.,
of Toledo, jointly, at par.
Dated
Jan.
1, 1948.
Due serially on
July 1, from 1949 to 1973, incl.
on
July 12—v.
Orlando Housing
Note Sale
Authority, Fla.
The $350,000 tem¬
(series 9) notes of¬
fered on July 13—v. 168, p. 200—
were purchased by the Chemical
Bank & Trust Co., of New York,
and associates, the only bidders,
at 1.04%.
Dated Aug. 5,1948. Due
Feb. 11, 1949.
—
loan
porary
Sale
water
revenue,
offered
The
—
County (P-.
Decatur), Ga.
Certificate
ing
series 1948 bonds
July 15—v. 168, p. 92—
were
purchased by a syndicate
composed of Shields & Co., East¬
man, Dillon & Co., Hornblower &
Weeks, all of New York, Stroud
& Co., of Philadelphia, Watkins,
Morrow & Co., of Birmingham, J.
M. Dain & Co., of Minneapolis,
Kalman & Co., of St. Paul, Seasongood & Mayer, of Cincinnati,
Clement A. Evans & Co., of At¬
lanta, Bohmer-Reinhart & Co., of
Cincinnati, R. H. Johnson & Co.,
of New York, McDougal & Con¬
on
anticipation
$731,000 3% water, series of 1946
certificates,
incl.
Nos.
Dated Oct.
&
Co.,
of Cincinnati, at a price of 100.023,
a
net interest cost of 3.008%, as
follows: $115,000 as 5s, maturing
on Sept. i, from 1949 to 1952, and
$3,385,000 as 3s, maturing from
1953 to 1977, all inclusive. Dated
March
1, 1948. The next highest
Blyth & Co., and Asso¬
ciates, for $115,000 as 5s, $640,000
as 3V4S, and $2,745,000 as
3s, at
bidder
was
100.047.
Winter
Park, Fla.
Bond
816,000
4%
Decatur
loan
the
was
Chemical
Trust Co., New
Jan.
000. Due
000 in
1950 and
1952 to
1959;
on
1, 1948.
Denom. $1,Jan. 1, as follows: $6,-
1951; $7,000 from
1955; $8,000 from 1956 to
$9,000
from
1960
to
1962;
Glen
Bond
&
Ellyn, III.
Offering—J.
R.
Stewart,
Village Clerk, will receive sealed
bids until 8:30 p.m.
(CDST) on
July 26 for the purchase of $430,not
to
exceed
3%%
interest
sewage
revenue
bonds. Dated June 1, 1948.
coupon
Denomination $1,000. Due on Dec.
follows: $15,000 from 1949 to
1952; $20,000 from 1953 to 1960;
$25,000 from 1961 to 1966, and
$30,000 in 1967 and 1968. Bonds
maturing from 1959 to 1968 shall
be subject to
redemption, prior to
maturity at par and accrued in¬
terest, on any interest payment
on
after
or
inverse
Dec.
numerical
1,
1958, in
order
of
maturity, and if at any time less
than an entire maturity is called
then by lot within said maturity.
Bidder may name a rate or rates
of interest in multiples of y4 or
1/8 or 1/10 of 1%, provided only
one
rate
each
shall
be
specified
for
maturity. Principal and in¬
(J-D)
payable
at
the
Trust
Co.,
Chicago.
Registerable as to principal only.
Village will pay for the print¬
ing of the bonds and furnish the
approving opinion of Chapman &
Cutler, of Chicago. A certified
The
$10,000 from 1963 to 1965; $11,000
check
from 1966 to 1968; $12,000 in 1969
Village
Bank
York, and Associ¬
ates, at 1.02%.
the
County Housing
Authority, III.
$2,091,000 tem¬
porary loan (series 20) notes ofiered on July 13—v. 168, p. 200—
were purchased by the
Chemical
Bank & Trust Co., of New York,
Associates, at 1.02%.
Aug.
Due Feb.
1948.
5,
Dated
1949.
The next highest bidder was the
Central
Hanover
Co., New
$22.00.
York,
Bank
at
11,
&
Trust
1.03%,
plus
for
$8,600
payable
to
the
Treasurer, is required.
thereof, plus
miums; 6% if redeemed on July
1, 1953, or thereafter on or before
July 1, 1958; 4% if redeemed on
Jan. 1, 1959, or thereafter on or
before
July 1, 1963; 2% if re¬
deemed on Jan. 1, 1964, or there¬
after prior to maturity, plus in
each
for
redemption;
to
ders
30
on
Bid¬
days' notice by publication.
the rate of interest
name
multiples of Vs of 1% and not
than
more
rate shall be named
one
and
interest
the
Farmers Bank, Frankfort. The
approving
o p i n i o n
of
Ross,
McCord, Ice & Miller of Indianap¬
olis, will be furnished the pur¬
chaser at the expense of the City.
by
bidder.
Principal
(J-J) "payable
at
each
A certified check for
able to
$15^000 pay¬
required.
the City, is
Indianapolis School City, Ind.
Offering — M. V. Bailey,
Bond
Director
Business
School
Board
of
(CST)
on
until
bids
sealed
of
will
Commissioners,
ceive
2
Ind.
July 23 for the purchase
Aug. 3, 1948. Denom. $1,000.
July 1, as follows: $15,00C
to 1954; $10,000 from
to 1964, and $5,000 from 1965
on
1950
1955
Offering—Sealed bids will
be received
by the Board of Trus¬
tees, until 2 p.m. (CST) on July
28 for the purchase of $280,000
V2 % interest build¬
inclusive.
all
1969,
to
rate
name
the
the
shall
bonds
which
are
Bidders
of
July 1, 1954; $7,000 Jan. and
July 1, from 1955 to 1959; $8,000
improvement bonus. Dated
Due $500 on Dec. 1,
1949 to 1963; $1,000 Dec. 1,
1964
to
1967, and $1,008
street
July 1, 1948.
from
from
bear
The purchaser shall
bonds. The
July 1, 1968.
furnish
the
the approving
furnish
will
Town
printed
opinion of Chapman & Cutler of
Chicago and all bids must be so
conditioned. A certified check for
$500 is required.
Independence Indep. Sch. Dist.,
Iowa
Bond Sale—The
$116,000 build¬
ing bonds offered on July 12—v.
167. p. 2735—were purchased by
Vieth, Duncan & Wood, of Daven- *
port, as 2V2s, at a price of 100.301. ,
The next highest bidder was the
lowa-Des Moines National Bank'
Co., Des Moines, for 2y2s,
& Trust
100.28.
at
Cherokee
New
Indep. Sch. Dist.,
Cherokee, Iowa
Sale
The $207,000 site
Bond
—
purchase
offered
construction
and
bonds
-
July 14 were purchased
William Blair & Co., of Chi¬
by
cago,
The
on
as
next
2s, at a price of 101.15. ;
highest bidder was the
,
Central
Republic Co., Chicago, for
2s, at 101.08.
'"*
interest
to
KANSAS
in
multiples of J/4 of 1%.
Bids are
subject to legality of issue as de¬
termined by bidder's attorney.
A
certified check for 3% of the face
value of the bonds,
Jan. and July 1, from 1960 to 1964,
and $10,000 Jan. and July 1, from
will receive
(CST) on
Aug. 3 for the purchase of $12,509
Clerk,
Town
son,
sealed bids until 8 p.m.
p.m.
$200,000 not to exceed 3% in¬
terest
building
coupon
bonds.
Due
Connersville School City,
Bond
re¬
of
from
Bond
interest to the
accrued
case
date fixed
in
Garrison, Iowa
Offering—Arthur H. Wil-^
thereafter,
numerical order,
Dated
INDIANA
School
Robinson
held
9
July
on
Kan.
District,
Voted—At
Bonds
the
^
election
an
voters
ap¬
proved the issuance of $6,000 im¬
provement bonds.
is required.
1965 to
of
Board
will be required to name the rate
interest
of interest shall be named by each
bidder. The approving opinion of
McCord,
Ice
&
Miller, of
Indianapolis, will be furnished the
purchasher. No conditional: bids
will
be
check
Bond
in
multiples of y4 of
1%, and not more than one rate
considered.
A
certified
for<
$10,000 payable
School City, is required.
to the
ceive
(DST)
Evansville School
Sale—The
interest cost of 1.609%. Dated
July
15, 1948. Due serially on Jan. and
July 15, from 1949 to 1963 in-^
next
highest
bidder
was
the Harris Trust & Savings
Bank, Chicago, Bankers Trust Co.,
New York,
Harriman Ripley &
Co., Inc., National City Bank,
Evansville, and Newhard, Cook &
Co., jointly, for 13/4s, at 101.109.
and interest (J-J) payable
County Treasurer's office
Rogers,
will
Offering
City
receive
—
Clerk,
sealed
Arthur
J.
Treasurer,
bids
until
2
(DST) on Aug. 11 for the
purchase of $2,000,000 not to ex¬
ceed 3y>% interest electric rev¬
p.m.
1948
Dated
Sept.
1,
1948.
Denomination
$1,000. Due $28,000 Jan. and July
1, 1949 and 1950; $30,000 Jan. and
July 1, 1951 and 1952; $32,000 Jan.
and July 1, 1953 and 1954; $32,000
Jan. and $34,000 July 1, 1955; $34,000 Jan. and July 1, 1956; $34,000
Jan.
and
$36,000 July 1, 1957;
$36,000 Jan. and July 1, 1958; $38,000 Jan.
and
July 1, 1959 and
1960; $40,000 Jan. and
July 1,
1961;
$40,000 Jan. and
$42,000
July 1, 1962; $42,000 Jan. and July
1, 1963; $42,000 Jan. and $44,000
July 1, 1964; $44,000 Jan. and July
1, 1965; $46,000 Jan. and July 1,
1966; $60,000 Jan. and July 1,
1967; $60,000 Jan. and $62,000 July
1, 1968; $64,000 Jan. and July 1,
1969;
$64,000 Jan. and
$66,000
July 1, 1970, and $66,000 Jan. and
$68,000 July 1, 1971 and Jan. 1,
1972. The bonds maturing on and
after Jan. 1, 1954, are redeemable
at the option of the City on July
1, 1953, or any interest payment
enue
the
certified
coupon
check
bonds bid for is
for
5%
bonds.
water
to J.
in
(CST)
July
on
until
bids
re¬
2
for the
27
p.m
pur¬
chase of $64,000 not to exceed 4%
interest
electric
utility revenue
Dated July 1,1948.
Due on Jan
bonds.
coupon
Denomination $1,000.
1,
$3,000 from 1950 to
follows:
as
1957, and $4,000 from 1958 to 1967,
The bonds maturing on and
incl.
after Jan. 1,
1959, are redeemable
option of the Town on Jan.
1959, or any interest payment
at the
1,
date
thereafter
their
in
June
our
2628—we
net
inverse
following
or
before
pre¬
on
Jan.
Jan.
1,
1963; 2% if redeemed on Jan. 1,
1964, or thereafter prior to ma¬
turity, plus in each case accrued
interest
the date fixed for
to
re¬
demption. The approving opinion
of Ross, McCord, Ice & Miller, of
Indianapolis, will be furnished to
the purchaser at the expense of
the town. Principal and interest
(J-J)," payable at the Exchange
Bank,
of
Warren.
A certified
check for $2,500, payable to the
town, is required.
without
offered
bonds
These
exceed
to
are
success
the
on
period
a
Pikeville
National
Co.,
the
Pikeville.
rate
or
payable
Bank
at
&
and
and
tne
Trust
Bidders
rates
to name
interest in
of
$74,000
sewer
July 12
were
bonds
;
'
LOUISIANA
■-
Bond
Amite, La.
Sale—An issue of $58,000
water
works and sewerage bonds
recently to Ernest
Loeb, Inc., of New Orleans, as
3V4s, at a price of 100.099,
_
was
awarded
.
M.
p.
Rapids,
100.191,
Dated • July,
a
Voted
—
At
an
election
July 6 the voters approved
issuance of $995,000 various
on
/
bonds.
Bogalusa School District, Washington Parish (P. 0.°
Bogalusa),
l%s, at a price
basis of 1.719%.
Bonds Voted;
held
—
La.
At
an
election
July 6 the voters approved the issuance of $1*081,000
on
-
school bonds.
as
i, 4948.
Iberia Parish School District No. 8
'
(P. O. New Iberia), La. 1 W
Bond Sale—The $215,000 school
The next highest bidder was Rav-. bonds offered on July 8—v. 167,
Due serially
July 1, from 1950 to 1959 incl.
enscroft &
;
,
;
of¬
rejected.
2735—were purchased by
the Merchants National Bank, of
on
*
multiples of !4 of 1%, A certified
check for $3,000 payable to the
City, is required.
—
of
five years,
Principal
(J-J)
the
Rapids, Iowa
Bond Sale
The $60,000 grad¬
ing bonds offered on July 8—v.
Cedar
•
Bogalusa, La.
Cedar
167,
of
101.
at
interest
Bonds
Bids Rejected—All bids received
on
school
interest due date thereafter at 103
held
Cedar Falls, Iowa
the
interest
4%
building revenue bonis.
Dated
July 1,1948. Denomination $1,000.
Due on July 1, as follows; $6,000
from
1949 to
1951; $7,000 from
1952 to 1954; $8,000 from 1955 to :
1958; $9,000 in 1959 aid 1963;
$10,000 from 1961 to 1964, and*
$7,000 in 1965. Outstanding bonds
of this series will be subject to
redemption at the option of the City on July 1, 1953, or on any
IOWA
for
1949 to 1958, and '
23/4s, maturing from :
Hatcher,
will receive sealed
bids until 8 p.m. (CST) on July 19
for the purchase of $136,000 not
June 7.
fered
.
2%s, maturing,on
Clerk,
City
3% if
on
bonds
Pikeville, Ky.
Offering—J. M.
thereafter
or
the
from
as
for
1959,
that
a
1959 to 1968 inclusive.
plus
1,
14
lows: $31,000 as
April 1,
$44,000
;
as
price of 100.31, a
interest cost of 2.672%, as foj-
thereof,
redeemed
bonds
reported
issue—v. 167, p.'
learn
sold for
were
-
$75,000
C. Bradford & Co., of. Nash-
numerical order, at the face value
the
connec-
the
of the
will
Clerk-Treasurer,
sealed
of
revenue
sewer
ville, and Associates,
required.
Warren, Ind.
Offering—Calvin Gruber,
Town
ceive
sale
the
and
Bond
Bond
Details—In
Sale
with
miums:
Frankfort, Ind.
Bond
pur¬
6%
Dated July
i, 1948. Denomination $1,000. Due
$2,000 on July 1, 1949, and Jan.* 1,
from 1950 to Jan. 1, 1959. Prin¬
July
196—were purchased
The
for the
26
a.m.
on
by a syndicate composed of R. W.
Pressprich & Co., of New York,
Trust Co. of Georgia, of Atlanta,
W. H. Morton & Co., and Roose¬
velt & Cross, both of New York,
as
13/4s, at a price of 101.21 a net
elusive.
re¬
9
interest bridge bonds.
A
City, Ind.
B.
chase of $40,000 not to exceed
cipal
$1,500,000 im¬
July
on
until
bids
sealed
Bond
tion
Auditor, will
County
Creek,
>
KENTUCKY
Elizabethtown, Ky.
County (P. O.
Liberty), Ind.
Offering — Wayne
at
Bond
payable to the
Commissioners,
School
Union
1968, all inclusive. Bidders
14—v. 168, p.
Hanover Bank & Trust Co., New
York, at 1.02%, plus a premium of
$19.50. Dated Aug. 5, 1948. Due
Feb. 11, 1949. The dnly other bid¬
date
Clair
Sale—The
provement bonds offered
(series 14) notes of¬
fered on July 13—v.
168, p. 200—
were
purchased by the Central
as
St.
Note
water
Sale—The $1,486,000 tem¬
porary
1,
$525,000 as l%s, matur¬
ing on Oct. 1, from 1951 to 1957,
and $1,225,000 as 2V4s, maturing
from 1958 to 1967, all inclusive.
Dated July 1, 1948. The next high¬
est bidder was Halsey, Stuart &
Ross,
Housing Authority, III.
Northern
Dated
De¬
ILLINOIS
terest
bonds.
1, 1946.
$1,000.
interest
revenue
750,
certificates,
Nos. 185 to 1,000, incl. Dated
Oct.
1,
1940.
Denomination
Offering — Clifford McKibbin, Jr., City Manager, will re¬
ceive
sealed bids .until
4 p.m.
(EST) on July 26 for the purchase
of $300,000 not to exceed 3x/2%
sewer
to
212,000 23/4s water series D cer¬
tificates, Nos, 39 to 150, incl.
Dated Oct. 1, 1944. Denomi¬
nation $1,000.
000
Seufferle
20
nomination $1,000.
water works and
C.
the
follows:
of
don, of Chicago, Chace, Whiteside,
William
certifi¬
1950:
Warren & Sears, of Boston, Harold
E. Wood & Co., of St. Paul, HerBert J. Sims & Co., of New York,
and
and
nomination $1,000. Due $6,000 Jan.
called for redemption on
are
Oct. 1,
der
Bank &
Harris Trust
& Savings Bank, all of Chicago,
jointly, at a price of 100.022, a
net interest cost of 2.1679%, as
Co.,
and
that the follow¬
announces
Note
$3,500,000
tinental Illinois National
ing bonds. Dated July 1, 1948. De¬
O.
Call—Scott Candler,
revenue
cates
Tampa, Fla.
Bond
Kalb
j
nues,
$200,000
4% revenue issue of 1948 certifi¬
cates
De
Commissioner of Roads and Reve¬
Fla.
Sale—The
168, p. 196—were purchased
by the First National Bank, Con¬
—v.
not to exceed 2
$3.00.
turers Trust Co., has been named
paying agent for the City of
Lakeland, Fla., general refunding issue of 1946 bonds.
—
and
in their inverse
at the face value
the following pre¬
date
County School District
108 (P. O. Highland
Park), III.
Bond
Sale
The
$1,750,000
building bonds offered on July 13
No.
Trust
Monday, July 19, 1943
CHRONICLE
Lake
& Trust
Co., of New York,
and Associates, at 1.04%. Dated
Aug. 5, 1948. Due Feb. 11, 1949.
The
only bidder was Salomon
Fla.
FINANCIAL
on
were
pay¬
&
Co., for $525,000 as 2s, and $1,225,000 as 2V4s, at 100.09.
GEORGIA
cago.
certified
pur¬
uncon¬
is required.
American Bank & Trust Co., Chi¬
able to the
bids must be
A certified check for 2%
fered, payable to the City Clerk,
order
at
or
All
of the par value of the bonds of¬
Principal and in¬
payable at the office of the
Director
New
1/10 of
or
ditional.
of maturities.
terest
1/4
chaser.
in
in
in
interest
Bank,
opinion will be furnished the
1966; $35,000
in
1968; $38,000
in
1970; $40,000
in 1971; $41,000 in 1972; $42,000
in 1973; $44,000 in 1974; $45,000
in 1975, and $46,000 in 1976.
Cer¬
tificates maturing in 1972 to 1976,
are optional for redemption Jan.
1, 1966, and on any interest pay¬
ment date thereafter at par and
accrued
National
Caldwell, Marshall, Trimble &
Mitchell, of New York City, whose
am 1963; $32,000 in 1964; "$33,000
in
Chase
1%. The legality
of the bonds will be approved by
follows: $22,000 in 1951; $23,000 in 1952; $24,000 in 1953 and
1954; $25,000 in 1955 and 1956;
$26,000 in 1957; $27,000 in 1958;
$28,000 in 1959; $29,000 in 1960;
$30,000 in 1961; $31,000 in 1962
1,
and
York City.
Bidders shall name a
single rate of interest in multiples
July
on
1976
1977, and $16,000 in
1978.
Principal and interest (J-J)
payable at the City Clerk's office,
or at the option of the
holder, at
O'Neill, Clerk of City Com¬
mission, will receive sealed bids
until 7 p.m. (EST) on July 26 for
the purchase of $850,000 not to ex¬
ceed 3V4% water and electric rev¬
ence
enue
COMMERCIAL
-
Co., for l3/4s, at 100.183.
p.
2628
were
purchased by
a
^
•
*
'4
Volume
168
Number 4717
THE
syndicate composed of Scharff &
Jones, White, Hattier & Sanford,
Equitable Securities Corp., Weil &
a
price of 100.0004,
a
net interest cost of 2
826%, as fol¬
$174,000 as 2%s, maturing
on July
1, from 1950 to 1965, and
$41,000 as 3s, maturing from 1966
lows:
to
Curtis, Eldredge & Co., all of New
York,
Schoellkopf,
Hutton
16,000 street bonds.' Due
&
1,
Pomeroy, of Buffalo, F. W. Craigie
Co., all of New & Co., of Richmond,
Reynolds &
Co., and Glas &
Orleans, at
COMMERCIAL & FINANCIAL CHRONICLE
1968, all inclusive.
The
Co., Otis & Co., First of Michigan
Corp., Ira Haupt & Co., Donald
MacKinnon & Co., all of New
York, Breed & Harrison, of Cin¬
1/4
rially on Aug.
1968, incl.
Winn
Parish
1,
from
Due
se¬
nished
1950
to
County
Treasurer,
sealed
bids
will
until
11
the
of
First of
bonds.
the
purchaser.
No
cago, as 4s, at a price of
basis of 3.996%.
Bond
000
pital
First
bonds.
was
000
purchased by the Equit¬
able Securities
Corp., and White,
Hattier
leans,
&
$500,sold pri¬
Sanford,
of
New
Aug.
Or¬
from
cost of
2.946%,
$70,000
as
2.945%,
as
follows:
interest
chants
as
2%s,
maturing on July 1, from
1949 to 1953, and
$170,000 as
3s,
maturing from 1954 to
1963, all inclusive.
60,000
Atlanta
School
District
bonds, at a price of
100.015, a
net interest cost of
and
1, 1948. De¬
Due $10,000 on
1949
name
multiples of
$240,000 Winnfield School District
bonds, at a price of 100.006, a
net interest
follows:
1,
Bidder to
coupon
V4
to
1958,
incl.
rate of interest in
of
1%.
Principal
payable at the Mer¬
National
Bank,
Salem, or
Bank, of
Approved as to legality
by Ropes, Gray, Best, Cooliage
Rugg, of Boston, a copy of whose
at the National Shawmut
Boston.
opinion will accompany the bonds
MARYLAND
Sudbury, Mass.
and
par
Is, at par,
$54,000
on
The
next
notes offered
nue
$100,000
were
purchased by the Second National
Bank,
of
count.
next
Boston,
Due
at
Nov.
10,
highest bidder
chants National
0.647%
2
dis¬
1948.
was
Bank, Boston, at
11
a.m.
(DST)
July 22 for the purchase at dis¬
count of $300,000 revenue antici¬
Principal and
interest payable at the First Na¬
Baltimore Housing
Authority, Md.
pation notes. Dated July 22, 1948.
tional Bank of Boston. Approved
Note Sale
Due Dec. 1, 1948. Denominations
The
$12,957,000 as
to legality by Storey, Thorntemporary loan (series 76) notes
$50,000 and $25,000. Said notes
dike, Palmer & Dodge, of Boston, will be
offered on July 13—v. 168.
authenticated as to gen¬
p. 200
whose opinion will be furnished
—were
awarded as follows:
uineness and validitv by the First
the purchaser.
National Bank of Boston, under
To the Chemical Bank & Trust
advice
of
Co., New York, and Associates:
Storey,
Thorndike,
Lenox, Mass.
Palmer & Dodge, of Boston.
$8 957,000 at 1.02%.
Note Offering—Ann
T. Kelly,
To the Central Hanover Bank Town
Treasurer,
will
receive
Worcester, Mass.
& Trust Co., New York:
$1,500,000 sealed bids until 2:30 p.m. (DST)
Note Sale—The $1,000,000 rev¬
at 1.00%, plus $25.50.
on
July 22 for the purchase of enue notes
offered on June 21—
To the Central Hanover
Bank $90,000 schoolhouse addition loan v.
167, p. 2736—were purchased
& Trust Co., New York:
$2,500,000 coupon notes. Dated Aug. 1, 1948.
by the First National Bank, of
at 1.01%, plus
Denomination $1,000. Due $5,000
$37.50.
Boston, at 0.649% discount. Dated
on Aug.
Dated Aug. 5, 1948. Due Feb.
i, from 1949 to 1966 in¬ June
11,
22, 1948.
Due Nov. 10, 1948.
j.7
bonds
clusive.
1949.
the
Howard County (P. O.
Ellicott City), Md.
bonds offered
July 13—v, 167,
p 2837—were purchased by Alex.
Brown & Sons, of
Baltimore, at
par,
a
net interest cost of
1.86 %,
follows: $100,000 as 2s, matur¬
ing from 1949 to 1952; $175,000 as
V/2S, maturing from 1953 to 1959,
and $225,000 as 2s,
maturing from
4960 to 1968, all incl. Dated July
1, 1948. The next highest bidder
was
Mackubin, Legg & Co.; Mead,
Miller & Co., and Robert Garrett
& Sons, jointly, for
$425,000 as 2s,
and- $75,000 as l%s, at 100.078.
•'
-
bidder
is
interest
in
to
name
multiples
Principal and interest
The next
highest bidder was the
Day Trust Co., Boston, at 0.66%.
payable at the Merchants National
Bank, Boston.
MICHIGAN
on
as
•1-
of
of lk of 1%.
Bond Sale—The
$500,000 school
■
The
rate
Lynn,
Bond
Hall
1947
July 14—v. 168,
chased by
of New
Mass.
B
Sale—The
loan
Dearborn, Mich.
$420,000
bonds
p.
City
offered
196—were
on
pur¬
Goldman, Sachs & Co.,
York, and the Mercantile-
Commerce
Bank & Trust Co., of
Louis, jointly, as 2s, at a price
of
101.0267, a basis of 1.88%.
Dated Aug. 1, 1948. Due
serially
on Aug.
1, from 1949 to 1968 in¬
St.
clusive.
was
The
next
000
1948
bonds
,
Bohd
trict
; 100.1705,
r
a basis of 1.567%. Dated
July 1, 1948. Due serially 011 July
1, from 1949 to 1958, incl. The
next
highest
Brown &
bidder
was
Sons, for iy2s, and 13/4S,
Washington
i
*
"
Suburban
District,
Sanitary
Md.
Bond Sale—The
$2,000,000 water
main and sewer
construction, ser¬
ies SSS.bonds offered
on
-—-v.
by
168,
a-
p.
Sfc^-were
syndicate
July 14
purchased
composed
of
Phelps, Fenn & Co., R. S. Dickson
;& Co., Paine, Webber, Jackson &
Bond
1,
as
6%
456
Due
on
68,000
Special
No.
1,
Assessment
428
bonds.
Dis¬
Due
on
follows:
$5,000 in
$7,000 from 1950 to
1958, all inclusive.
1949
sewer
as
and
on
Marlborough,
Mass.
Bond Offering—Edward F.
Bigelow, City Treasurer, will receive
sealed bids until 11 a.m.
(DST) on
July 20 for the purchase of $42,000 coupon
bonds, divided as fol¬
lows:
any one
bond shall be at the
one
rate only.
Bids shall be condi¬
tioned upon the unqualified
opin¬
ion of Miller^
&
Canfield, Paddock
Stone, of'Detroit, which opinion
will
be
without
furnished
expense.
the
93
p.
offered
were
—
on
est cost of
000
as
from
2.12%, as follows: $37,2!4s, maturing on Oct. 1,
1950
Independent
(P. O.
Dassel),
Bond Sale
bonds
Minn.
The $30,000 school
—
offered
on
July 9—v. 168,
p. 93 — were purchased by the
Dassel State Bank, as 2V2s.
Monticello, Minn.
—
maturing on June 1, from 1,950 to
1957, and $65,000 as 314s, maturing from 1958 to 1963 inclusive.,
All
of
said
Sale
with
on
Willmar, Minn.
Certificate Sale
certificates
tion
maturing
to
Perrinton, Mich.
Bond
certificates
from 1958 to 1963, are callable
June 1, 1953, at 103.
1956, and $21,000 as
2s, maturing from 1957 to 1959, all
inclusive.
Details—In
the
sale
of
fered
connec¬
the
were
of
The
—
$100,000
indebtedness
of¬
July 12-^-v. 168, p. 197—
purchased by the First Na¬
on
tional
$28,000
Bank, of Minneapolis, First
general obligation bonds to Wat- National Bank, of St.
Paul, and
ling, Lerchen & Co. of Detroit, as the First Securities National
Bank,
reported in our June 14 issue—v. of
Willmar, jointly, as 1.70s, at a
167, p. 2629—we learn that the price of 100.07, a basis of
1.695%.
bonds were sold for a
price of Dated Aug. 1, 1948. Due serially
100.124, a net interest cost of on Aug. 1, from 1949 to 1956 inclu¬
3.043%, for $11,000 as 3V4S, matur¬ sive. The next highest bidder was
ing on July 1, from 1950 to 1960, the
Allison-Williams
Co.,
for
and
$17,000 as 3s, maturing on 1.70s, at 100.065.
July 1, from 1961 to 1967 inclu¬
sive.
MISSISSIPPI
Greenwood, Miss.
MINNESOTA
Bond
Bond
District, Minn.
11
(CST)
a.m.
20
on
1,
of $574,000
1948.
lows:
Due
$4,000
on
Aug.
from
1,
1949
as
fol¬
to
1953;
$8,000 from 1954 to 1958; $10,000
from
1959
to
1964, and $20,000/
from 1965 to 1968, all inclusive.
The approving opinion of Charles
& Trauernicht, of St. Louis, will
be furinshed by the City.
A cer¬
a single
designated by the
multiples of V4 or
rate of interest
in
issue of $200,000 sewerage
drainage bonds.
Dated Aug.
an
and
bonds will bear interest at
purchaser
Bonner Dug-
—
auction at
July 22 for
building
July 1, 1948. Denom.
$1,000. Due on July 1, as follows:
$34,000 in 1951; $35,000 from 1952
to 1965, and $50,000 in 1966.
The
the purchase
bonds. Dated
Offering
gan, City Clerk, will sell at public
10 a.m. (CST) on
July
Offerin g—Gertrude
Thomas, Clerk of Board of Educa¬
tion, will receive sealed bids un¬
til
tified check for $4,000 payable to
1/10 of 1%. All bids must be un¬
conditional except as to legality,
which may be conditioned
upon
the legal opinion of
Dorsey, Col-
the
City, is required.
Laurel,
Miss.
Bond Sale—An issue of
$456,000
Barker, Scott & Barber, of special street improvement and
Minneapolis, whose opinion must street intersection bonds was sold
be accepted by the purchaser.
A recently to a syndicate composed
man,
of
certified check for $11,480 payable
to the District
Treasurer, is re¬
sewer
v.
168,
the C.
apolis,
basis
and
The
$200,000 storm
bonds offered on July 8—
p.
—
as
-
Commerce
Lewis
&
a
Co.,
of
Jackson,
price of
100.0004, a
2.39%, as fol¬
lV4s, maturing on
net interest cost of
93—were purchased by
2s, at a price of 100.78, a
1.914%.
Dated July 1,
Mercantile
Trust
jointly, at
lows: $90,000 as
S. Ashmun Co., of Minne¬
of
&
Co., of St. Louis,
Scharff & Jones, White, Hattier &
Sanford, both of New Orleans,
Fairmont, Minn.
Bond Sale
the
Bank
quired.
be
delivered at the City Treasurer's
$26,000 highway departmental office, or such other
place as may
equipment
bonds/
Due
on
be agreed with the purchaser.
A
Aug. 1, as. follows: $6,000 in certified check for 5% of the total
.1949, and $5,000 from 1950 to par value of the
bonds, payable to
1953, incl.
the City Treasurer, is required.
County
School District No. 47
July 7—v.
purchased by
nurchaser
Bonds will
were
Meeker
follows:
Miller, Kenower & Co., of Detroit,
at a price of
100.023, a net inter¬
follows:
bonds.
offered
—
i/'
should
Anoka School
as
,.
inclusive.
on
interest
follows: $15,000 in
194.9 and $22,000 from 1950 to
1958, all inclusive.
trict
Sale—The $110,000
M.vron
A.
will receive
—
July 13—v. 168,
Dated July 1, 1948. Denom.
$1,p. 196—were purchased by Hal000. Principal and interest
(J-J)
sey, Stuart & Co., as 2s, at a price
payable at the City Treasurer's of¬
of 100.97, a basis of 1.90%. Dated
fice.
Rate of interest to be in
Aug.
1, 1948.
Due
serially on multiples of 14 of
1%. The inter¬
Aug. 1, from 1949 to 1970, incl.
est rate for each coupon period on
Alex.
; at par.
<
No.
July
Marblehead, Mass.
bonds offered
exceed
divided
Julv
$50,000 street
paving bonds offered on July 12
—v.
168, p. 92—were purchased
by Robert Garrett & Sons, of Bal¬
timore, as 1.60s, at a price of
to
not
bonds
2s, at 101.00.
Sale—The
Offering
City Clerk,
167,
$213,000 Special Assessment Dis¬
Salisbury, Md.
:
d
sealed bids until 9 p.m. (DST) on
July 20 for the purchase of $281,-
highest bidder
Salomon Bros. &
Hutzler, for
on
Stevens.
Minn.
—
—
.
redemption
as
Falls.
The $35,000 second
Certificate Sale
A syndicate
!
be deliveied composed of Kalman & Co., of St.
pauj?
Allison - Williams
to the Detroit Trust
Co., of
Co., Detroit,
for payment.
Minneapolis, Juran & Moody, of
St. Paul, and J. M. Dain &
Co., of
Marine City, Mich.
Minneapolis, purchased recently
Bond'Sale
The $58,000 water . $105,000
water revenue
certifisupply system revenue, series of I cates, as follows:
$40,000 as 23/4S,
Offering-Arthur E. StorCity Treasurer, will receive
until
for
refunding bonds, dated Dec. 1,
rpi//
The
on
be considered.
Dis¬
1, Nos. 1198 to 1206 in¬
clusive, due Aug. 1, 1973.
Series 2, Nos. 918 to 938 inclu¬
sive, due Feb. 1, 1973.
Note
bids
Assessment
Series
Waltham, Mass.
sealed
calls
93
p.
bonds.
1943, numbered
The
the Mer¬
0.65%.
er,
1
—
municipal hospital
on July
7—v. 168,
purchased by the
City, the only bidder, as 2s, at
par.
Dated June 1, 1948.
Due se¬
rially on July 1, from 1949 to 1968
bonds
Dis¬
August 1, at par and accrued in¬
terest, $30,000 series 1 and series
reve¬
June 22
on
Granite
Bond Sale
as
Melvindale, Mich.
Call—Irene Coogan, City
Clerk,
Bank, St. Paul, for 2V2S,
101.766.
supplemental
Assessment
Special
trict No.
Robert Hawkins & Co., for 2s,
100.799.
Sale—The
National
at
trict No. 2 bonds.
was
Note
1, from 1950 to 1964 inclusive. The
highest bidder was the First
next
as
Special
42,000
highest bidder
on
per¬
revolving
July 8 were
purchased by J. M. Dain & Co., of
Minneapolis, as 2V2S, at a price of
102.25, a basis of 1.832%.
Dated
July 1, 1948. Due serially on July
follows:
as
improvement
fund bonds offered
connec¬
learn that the bonds were sold
Aug. 1, 1948. Due serially
Aug. 1, from 1949 to 1968 in¬
clusive.
Grand Rapids, Minn.
Sale—The $150,000
Bond
manent
& Trust Co.,
reported in pur
12 issue—v. 167, p. 196—we
Kalamazoo,
July
orice of 100 864, a basis of 1.895%.
interest
accrued
Bidder to fur¬
the bonds and legal opinion
at his own expense.
First National Bank
of
Dated
Bond
will
by the purchaser.
$96,000
improvement bonds to the
street
Principal and interest
(J-D)
payable at any suitable
bank or trust company
designated
nish
Kalamazoo, Mich.
Bond Sale Details — In
with the sale of the
Bond Sale—The $250,000 school
building loan, Act of 1948 bonds
offered on July 13—v. 168, p. 196
were purchased
by the First Na¬
tional Bank of Boston, as 2s, at a
Grand Rapids, Minn.
Bond
inclusive.
Michigan Corp., of De¬
Due
Watertown, Mass.
Offering—John G. Woollacott, City Treasurer, will receive
connec¬
as
Bond
than
»
•
Fitchburg, Mass.
$17,000 as 2V2S, ma¬
turing on July 1, from 1949 to sealed bids until
noon
(DST) on
1953, and $43,000 as 3s, ma¬
July 21 for the purchase of $1,000,turing from 1954 to 1963, all 000
municipal building loan Act
inclusive.
of 1948 coupon bonds. Dated
Aug.
Dated July 1, 1948.
The next 1, 1948. Denomination $1,000. Due
highest bidder was,Barrow, Leary $50,000 on Aug.
1, from 1949 to
& Co., Scharff &
Jones, and Glas 1968 inclusive. Bidders to name
& Co., jointly, for
$41,000 as 2V2S, one rate of interest in a multiple
and $190,000 as
3s, at 100.009, and of V4 of 1%. Registerable as to
$60,000 as 31/4S, at 100.015.
principal only.
No bid for less
\
of
tion
at
when delivered.
July 8 at 0.582%.
on
Aug.
nomination $1,000.
follows:
as
Dated
1947
Details—In
2s, maturing from 1959 to
1962, all inclusive.
of
Dec. 7, 1948.
—were
issue
notes
revenue
vately
of
Sale
tion with the sale of the
$136,000
street improvement bonds to
the
Mass.
re¬
Sale—An
2.10s, at 100.345. \
depart¬
equipment
bonds.
Dated
Aug. 1, 1948. Denom. $1,000. Due
$3,000 on Dec. 1, from 1949 to 1953
loan notes offered on July 12
troit, at a net interest cost of
168, p. 196—were purchased
1.98%, as reported in our June 7
the Second National Bank, qf issue—v.
167, p. 2516—we learn
Bostan, at 0.694%. Dated July 14, that the bonds
were sold at a
price
1948. Due Dec. 8, 1948. The next of
100.057, as follows: $52,000 as
highest bidder was the Merchants 2V4S,
maturing on Sept. 1, from
National Bank, Boston, at 0.697%.
1950 to 1955;
$36,000 as l%s, ma¬
turing from 1956 to 1958, and $48,Springfield, Mass.
Note
for
to exceed 3% interest fire
Huntington Woods, Mich.
v.
(DST) on July 20 for the pur¬
chase of $100,000 tuberculosis hos¬
act
a
py
a.m.
1948. Due serially on July 1, from
1949 to 1968 inclusive.
The next
highest bidder was Blyth & Co.,
ment
tele¬
rary
(P. O. Winnfield), La.
Bond. Sale—The $30u,000 bonds
offered on July 3—v.
167, p. 2628
loan
100.01,
51
Offering -r- John Crowe,
Village Clerk, will receive sealed
bids until 8 p.m. (CST) on July
23 for the purchase of
$15,000 not
Michigan Corp., Jones B.
Shannon & Co., all of
Detroit, ana
Barcus, Kindred & Co., of Chi¬
of
Note Sale—The $150,000
tempo¬
County (P. O. Salem), Mass.
ceive
Districts
all
Northampton,
Bond Offering—James D. Bent-
ley,
School
for
multiples
phone bias will be accepted.
MASSACHUSETTS
Essex
1%
in
as to legality by Storey,
Thorndike, Palmer & Dodge, 01
Boston, whose opinion will be fur¬
1950
Dated Aug. 1, 1948.
of
interest
Approved
bonds
ton, D. C., and Thomas & Co., of
Pittsburgh, at a price of 100.0075,
a net interest cost of
Jefferson Parish
3.049, as fol¬
Sewerage District
lows: $250,000 as 4s,
No. 1 (P. O.
maturing on
Gretna), La.
July 1, from 1949 to 1953; $300,000
Bond Sale—The
$450,000 public
as
31/2S, maturing from 1954 to
improvement bonds offered on
-July 12—v. 167, p. 2628-—were 1959, and $1,450,000 as 3s, matur¬
ing from 1960 to 1988, all inclusive.
purchased by a syndicate com¬
posed of White, Hattier & San¬ Dated July 1, 1948. The next high¬
ford, of New Orleans, as 3s, for est bidder was Harriman Ripley
& Co.,
bonds maturing on Aug.
Inc., for 3.20s, at 100.20.
1, from
3y4s.
of
rate
cinnati, Ferris & Co., of Washing¬
Denomina¬
Bidders to name the
$1,000.
City, Mich.
Sale—The $100,000 sewer
on July
6—v. 167,
p. 2838—were purchased by a
syn¬
dicate
composed
of McDonaldMoore & Co., H. V.
Sattley & Co.,
bonds offered
Dated Aug. 1, 1948.
tion
..
to 1858 as
3s, for bonds ma¬
turing from 1959 to 1968, incl., as
Garden
Bond
and $3,000 from 1950 to 1953,
incl.
dated July 1, 1948.
are
on Aug.
$4,000 in 1949,
follows:
as
(295)
I
Aug. 1, 1949 and 1950; $45,000
114s, maturing in 1951; $45,000
l3/4s, maturing in 1952; $90,000
as
as
as
.
52
(296)
THE
2s, maturing in 1953 and 1954;
$92,000 as 2V4S, maturing in 1955
and 1956, and $94,000 as 2V^s, ma¬
Dated
turing in 1957 and 1958.
Aug. 1, 1948.
Approved as to
legality by Charles & Trauernicht
Stanton
Bond
bonds
School
offered
price of 100.08,
of
Meridian
Housing Authority, Miss.
Note
Sale—The $331,000 tem¬
porary loan
(series 9) notes of¬
fered on July 13—v. 168, p. 200—
were purchased
by the Chemical
Bank & Trust Co., of New York,
and Associates, at 1.04%. Dated
Aug. 5, 1948. Due Feb. 11, 1940,
2.816%,
as
Neb.
$225,000 school
June
on
by
Co.,
Schweser
of St. Louis.
District,
Sale—The
purchased
COMMERCIAL
the
of
15
Omaha,
E.
at
a
of said bonds
are
1948. All
optional
July
on
County Supervisors
Asbury Park Housing Authority,
New
Jersey
Sale—The $321,000
,,
Note
Bond Sale—An issue of $60,000
industrial bonds was sold
fered
recently to M. A. Saunders & Co.,
of Memphis, at par.
Dated May 1,
1948.
Due $4,000 on May 1, from
1963 inclusive.
Approved
as
to' legality
by
Charles
&
Trauernicht,I of St. Louis.
at
11, 1949.
East Rutherford Sch. Dist., N. J.
Bond
Caruthersville; Mo.
—An
Approved
issue
of
$265,000
ceive
H.
—
bids
sealed
(DST)
water
Henry
Clerk, will
District
Hensch,
to Legality
as
Offering
re¬
on
until
8
p.m.
works extension and improvement
bonds has been approved as to le¬
July 28 for the purchase
of $35,000 not to exceed 4% in¬
terest school coupon or registered
gality by Charles & Trauernicht,
bonds. Dated June 1, 1948. Denom.
of St. Louis.
$1,000. Due on June 1, as follows:
$3,000 in 1950, and $4,000 from
Reck Hill School
District, Mo.
Bond Offering — Sally Holmes,
Secretary of Board of Education,
receive
will
sealed
bids
until
1951
Rutherford National Bank, Ruth¬
erford.
Bidders to name a single
8
(CST) on July 20 for the
purchase of $53,000 school bonds.
Dated July 1, 1948. Denom. $1,000.
Due on Feb. 1, as follows: $5,000
of interest in multiples of
rate
or
will
opinion
1956; $4,000 in 1957,
bonds
ing
are
the legal opinion of Charles
Trauernicht, of St. Louis, and
will pay for the printing of the
attorney,
Council
Henry
re¬
until Aug.
Loble,
that the City
announces
will
receive
sealed
bids
as
The
bonds will be sold
amortization or serial bonds,
and bidders should state the type
of bonds they are bidding for. All
bids
must
be
accompanied
by
for
a
Jersey City Housing Authority,
payable
New Jersey
Note Sale—The $4,000,000 tem¬
Lewis and Clark County Sch. Dist.
porary loan (series 55) notes of¬
No. 2 (P. O. Helena), Mont.
fered on July 13—v. 168, p. 200—
Bond Offering — Irene Batch,
were
purchased by the Central
Clerk of Board of Trustees, will
Hanover Bank & Trust Co., of
certified check for $1,000
to the City Clerk.
receive
(MST)
sealed
on
bids
until
8
p.m.
New
Aug. 2 for .the purchase
est
addition bonds.
1948.
will be
School
for
choice
the
and
serial
second
Board.
A
choice
certified
$1,000
payable
Clerk, is required.
the
to
as
follows:
notes,
payable
at
notes,
$15.00.
1,500,000 notes,
$19.50.
the
check
The
above
Chemical
at
at
1.00%,
plus
1.01%,
plus
1.02%,
plus
&
Trust
bids
Principal and in¬
at
ithe
First-
District
bonds
first choice and
will
serial
No.
Co., of New York, and Associates,
were awarded
$2,076,000 tempor¬
ary
loan
(series 55)
notes, at
1.02%. Dated Aug. 5, 1948. Due
74,
be
the
to exceed 4% interest school
bonds will
be the second choice of the School
Board.
A certified check for $1,-
800 payable
to^the District Clerk,
is required.
These
originally offered
v. 167, p. 2629—and
are
the bonds
on
June
were
3—
not sold.
(A-O) payable at the
Co.,
Freehold.
Each bid must specify in a multi¬
ple of Vs or 1/20 of 1% a single
Freehold
Sherman
County School District
(P. O. Loup City), Neb.
Bonds> Voted—At an election
held on July 6 ther voters approved*} the issuance* of; $21;718
rate
,
'
improvement bonds.
or,
;1, *
•
-
L
.
are
1/20 of
name a single rate
multiples of Vs or
The
1%.
will
der
in
be
successful bid¬
furnished
the
with
opinion of Hawkins, Delafield &
Wood, of New York City, that the
bonds
valid and legally bind¬
are
ing obligations of the County.
A
certified check for $9,000 payable
to the County, is required.
New
Providence
Township
(P. O.
Berkeley Heights), N. J.
Bond Offering—Russell S. Woglom, District Clerk, will receive
sealed bids until 8 p.m. (DST) on
July 26 for the purchase of $300,School
000
not
District
exceed
to
6%
interest
school coupon or registered bonds.
Dated Aug. 1, 1948.
Due $15,000
Aug. 1, from 1949 to 1968, incl.
Principal and interest (F-A) pay¬
on
able
at
the
Summit.
Summit
Trust
Co.,
Each bid must
specify a
single rate of interest in multiples
of
Vs
ful
1/20 of 1%.
or
The
success¬
bidder will be furnished with
the opinion of
Hawkins, Delafield
&
Wood, of New York City, that
bonds are valid and legally
binding obligations of the Board
the
of
Education.
A
of
interest
which
the
bonds
The. successful bidder
will be furnished with the
opinion
Hawkins, Delafield & Wood, of
New York City, that the bonds are
of
Dated
North
Arlington, N.
Bid Rejected—The only
ceived for the $18,000 not
ceed
6%
interest
bonds''offered
p.
J.
bid
re¬
from
1961
to
The
quired
sale at
a
for
later date.
Sale
The
$2,200,000
housing bonds offered
July 13—v. 168, p. 94—were
purchased by a syndicate com¬
posed of Kidder, Peabody & Co.;
Salomon Bros. & Hutzler; Lee
—
on
Iligginson Corp.; W. E. Hutton &
Co.; Roosevelt & Cross, and Don¬
ald MacKinnon & Co., all of New
York, taking $2,195,000 as 3.35s,
at a price of 100.2699, a basis of
2.325%. Dated Aug. 1, 1948. Due
serially on Aug. 1, from 1949 to
1973, incl. The next highest bid¬
der was Goldman, Sachs & Co.,
and Associates, for $2,196,000 as
2.35s, at 100.19.
Bond
above
ceive
sealed
on
price of 100.128, a basis
Dated July 1, 1948.
serially on July 1, from 1949
1955, incl.
IV2S, at
of
the
the bidder will pur¬
a
1.463%.
Due
to
Greenbush, Nassau, Schodack^
East
Sandlake and North Greenbush
Rensselaer County)
O. Colum¬
bia
County), Central
Sch. Dist. No. 1, N. Y.
(P. O.
and Catham (P.
Bond
Offering—Frank O. Wake-
Distirct Clerk, will receive
man,
sealed bids at the National Commercial Bank & Trust Co., of Al-
bany,
Broadway, Rensselaer,
(DST) on July 20 for
810
until 11
—
the purchase of $53,000 not to ex¬
ceed
interest school bus,
5%
will
bids
27
until
May 1, 1948. Denoms. $10,000 and
$11,000. Due on May 1, as follows:
000
Trust
merce
Co.,
City, jointly,
both of
3s,
as
1951
from
Kansas
Bond
$88,000 street improvement bonds.
Due serially on July 1, from
1949 to 1968, incl.
bonds.
Due serially
July 1, from
1949 to 1968,
75.000
sewer
on
35,000 airport bonds.
ly on July
1963, incl.
Due serial¬
from
1,
1949
rially
on
Board
of
sealed
bids
(State of)
the
will
Governor's of¬
on Aug.
of $2,000,000
purchase
exceed
receive
(MST)
a.m.
3%
interest
State
highway debentures.
Dated Aug.
1, 1948.
Denom. $1,000 or mul¬
tiples thereof.
Due $500,000 Feb.
and $1,000,000 Aug.
1, 1960, and
$500,000 Feb. 1, 1961. Principal
and interest (F-A) payable at the
State Treasurer's office, or at the
Guaranty Trust Co., New York.
The approving opinion of Wood,
King & Dawson, of New York,
and the printed debentures will
be furnished by the State High¬
way Commission without cost to
the purchaser.
A certified check
Central
building
1,
1948.
est bidder
No.
New
approving
opinion
will
be furnished the purchaser
without charge. A certified check
for 2% of the par value of the
bonds, payable to the City Treas¬
urer, is required.
NEW MEXICO
York
District Clerk,
will
SkilT-
receive
sealed bids until 3:30 p.m.
(DST)
on
July 20 for the purchase of
$550,000 not to exceed 5% interest
building
coupon
or
registered
bonds.
Dated July 1, 1948.
De¬
nomination $1,000. Due on July 1,
as
follows:
$25,000 from 1949 to
1958, and $30,000 from 1959 to
1968, all incl.
Rate of interest
to
be
in
multiples of V\
of 1%, and must be
all
the
of
interest
bonds.
the
or
1/10
same
Principal
for
and
(J-J) payable at the Na¬
tional Commercial Bank
Co., Albany.
der
will
be
on
The next high-
R. D. White &
S
Co.,
m
2V4s, at 100.145.
No. 9
(P. O.
R. F. D. 2,
ft
*
y
Y.
•
"
building
registered bonds offered on July
9 were purchased by the Fort Edward
National
Bank,
as
21/4s.
Dated July 1, 1948.
Due serially
I
July 1, from 1949 to 1953 incl.
jj
Edward),
N.
on
Garden
Bond
& Trust
The successful bid¬
furnished
with
City,
Y.
N.
Sale
The $195,000 genimprovement—1948 bonds offered on July 14—v. 168, p. 94—
were
purchased by the Garden
City Bank & Trust Co., of Garden
City, as 1.40s, at a price of 100.30,
a
basis of 1.33%.
Dated July 1,
1948. Due serially on July 1, from
—
eral
1949
to
highest
jj
jj
|[
•{
|j
jj
jj
H
1958 inclusive.
The next
j
bidder
Haupt
&
j
was
Ira
Co., for 1.40s, at 100.18.
Hastings, Constantia, West Monroe*
Palermo,
Schroeppel,
Parish,
Mexico, Amboy, Cicero, Clay
and Vienna Central School
No.
District
1
(P. O.
Square), N. Y.
The $110,000 bus
bonds offered on July
j
j
14—v. 168, p. 197—were purchased
District
Bond Offering—Lillian S.
man,
offered
Fort Edward Union Free Sch. Dist«.
1
Bond
(P. O. Delmar),
6
bonds
Due serially from
was
Sale
garage 1948
New Scotland
School
York
1950 to 1968 incl.
bid, payable
Treasurer, is required.
and
jf
jj
York, as 21/4S, at a price of
100.32, a basis of 2.215%.
Dated
for 2% of the amount
Bethlehem
J
Bond Sale—The $5,000
Offering—The State
at the
10
Ij
Sale—The $56,000 Village
Fort
Finances,
until
to
se¬
I
New
July 1, from 1949 to
New Mexico
not
Due
July 1, 1948.
Debenture
for
to
incl.
1958.
Dated
office
for
10,000 City Hall bonds.
p.m.
whose
|
inclusive.
1953
July 13—v. 168, p. 94—were pur¬
chased by Roosevelt & Cross, of
Aug.
incl.
pur¬
Dated
to
New
follows:
as
A.
the
for
§
$10,000 in 1949 and 1950, and $11,-
the
bonds
at
par.
The
Principal and interest (M-N) paylegality of the bonds will be ap¬ able at the National Commercial
proved by Chapman & Cutler of Bank & Trust
Co., of Albany,
Chicago, whose opinion together Rensselaer. Rate of interest to be
with the printed bonds will be
in multiples of V\ or 1/10 of 1%
furnished the purchaser without
and must be the same for all of
charge. A certified check for 5% the bonds. The
approving opinion
of the amount bid, is required.
of Vandewater, Sykes & Heckler,
of New York City, will be furLas Vegas, N. Mex.
nished to the purchaser.
A certiBond Sale—The $208,000 bonds
fied check for $1,060 payable to
offered on July 12—v. 168, p. 94—
the District, is required.
were purchased by City National
Bank & Trust Co., and the Com¬
Flower Hill (P. O. Plandome),
re¬
8
1948
registered bonds. Dated
coupon or
NEW YORK
George
Treasurer,
;|
j
a.m.
chase
to the State
Trimble & Mitchell of New York
City,
for
re¬
and
Central
July
bonds.
are
the lowest
premium, if
which such
and
par
est at which
chase of $20,000 not to exceed 6%
interest water coupon or regis¬
tered
bids
(a)
interest
Amboy, N. J.
Offering
City
op¬
at
bidder will purchase the bonds,
and (b) the lowest rate of inter¬
10
emergency
Krass,
specifying
of
any,
fice
N. J.
Paterson,
Bond
reoffered
Bidders
submit
to
bonds
improvement
be
the
time after
Principal and in¬
Treasurer's office.
rate
at
any
1958.
(M-N) payable at the City
on
will
city at
1,
terest
&
bonds
improvement
1948
on July 9 were pur¬
chased by the Manufacturers and
Traders Trust Co., of Buffalo, as
ment
1964;
redeemable
be
Y.
$30,500 equip¬
bonds offered
to
shall
to ex¬
Co., of New York, for
2V2S, at 100.105, and was rejected.
sewer
Sale—The
Bond
$9,000 from
1967; $10,000 from 1968
to 1970; $11,000 from 1971 to 1973;
$12,000 from 1974 to 1976, and
$13,000 in 1977 and 1978. Bonds
maturing on or after May 1, 1959,
1965
July 6—v. 167,
2737—was submitted by Boland,
Saffin
interest
6%
May 1, 1948. De¬
nomination $1,000. Due on May 1,
as
follows:
$5,000 from 1950 to
1953; $6,000 from 1954 to 1956;
$7,000 from 1957 to 1960; $8,000
check
certified
$6,000, payable to the Board of
Education, is required.
Trust
to bear.
exceed
May
interest
and interest
NEBRASKA
No. 1
cou¬
registered bonds.
Dated
April 1, 1948. Denomination $1,000, one for $500. Due on April 1,
as follows:
$5,500 in 1949; $5,000
from 1950 to 1961, and $7,000 from
1962 to 1966, all incl.
Principal
pon
to
not
ton. Bidders to
of
Aug. 1, 1948.
Denomination $1,000. Due $2,000
Fergus County (P. O.
on
Aug. 1, from 1949 to 1958 in¬
Roy), Monti
Feb. 11, 1949.
clusive.
Principal
and
interest
Bond Offering—Lily M. Emery,
Marlboro Township School District (F-A) payable at the First Na¬
District Clerk, will receive sealed
tional
Bank
of
South
Amboy.
(P. O. Marlboro), N. J.
bids until 8 p.m. (MST) on Aug.
Bond Offering—Frank J. Dugan, Bidders to state a single rate of
7 for the purchase of $18,000 not
interest in multiples of V4 of 1%.
District Clerk, will receive sealed
to exceed 6% interest improve¬
bids until 8 p.m. (DST) on July 21 The legality of the bonds will be
ment bonds. Dated Sept. 1, 1948.
for the purchase of $100,500 not approved by Caldwell, Marshall,
Amortization
Roy High School
Offering—Billye M. Al¬
len, City Clerk, will receive sealed
bids until 8 p.m. (MST) on Aug.
9
for the
purchase of $250,000
tion of the
(DST)
Bank
Free¬
sealed
East Aurora, N.
Springs,'N. Mex.
Bond
Mechanics National Bank of Tren¬
South
1,000,000
bonds
of
inclusive.
1958
terest
$25.50
Dated July 1,
Amortization bonds will be
the first
York,
$1,500,000
of $26,000 not to exceed 6% inter¬
Chosen
for
—
water reservoir bonds. Dated July
1943.
check
Heights, N. J.
Bond Sale
The $19,000 water
supply, second series bonds of¬
fered on July 2—v. 167, p. 2839—
were purchased by Schmidt, Poole
& Co., of Philadelphia, as 23/4S.
Dated June 1, 1948. Due serially
on June
1, from 1949 to 1967 incl.
11 for the purchase of
of
receive
(DST) on July 28 for
the purchase of $450,000 not to ex¬
ceed
6%
interest
improvement
Island
$37,000 not to exceed 6% interest
1,
of
certified
improvement
July 12—v. 167, p. 94—were pur¬
chased
by the Haddonfield Na¬
tional
Bank, of Haddonfield, as
lV2s, at par. Dated July 15,< 1948.
Due serially on July 15, from 1949
to
1958, incl.
The next highest
bidder was C. C. Codings & Co.,
and E. H. Rollins & Sons, jointly,
for 1.60s, at 100.041.
Helena, Mont.
—
A
legally bind¬
the Board of
$75,000 general
bonds offered
on
MONTANA
Offering
Delafield &
Bond Sale—The
quired.
Bond
the
Haddonfield, N. J.
bonds and the registration of the
bonds at the State Auditor's of¬
fice.
A certified check for $600
East
valid and
obligations
6
is
with
$700 payable to the Board of Edu¬
cation, is required.
nish
District,
furnished
of Hawkins,
Education.
each bidder. The District will fur¬
the
be
Wood, of New York City, that the
multiple of Vs of 1 % and not more
than two rates may be named by
to
Vs
1/20 of 1%. The successful bid¬
der
and $3,000 from 1958 to 196*0 incl.
Race of interest to be in an even
payable
1958
inclusive, Principal
and interest (J-D) payable at the
p.m.
from 1949 to
to
Board
will
John Dawson,
until 2 p.m.
on
1.04%. Dated Aug. 5. 1948. Due
Feb.
MISSOURI
Bonds
tem¬
loan (series 7) notes of¬
July 13—v. 168, p. 200—
were purchased by the
Chemical
Bank & Trust Co., of New York,
and Associates, the only bidders,
porary
3%%
of
—
Hot
Monday, July 19, 1948
bonds.
Trenton),
coupon or registered bonds. Dated
Aug. 1, 1948. Denom. $1,000. Due
$45,000 on Aug. 1, from 1949 to
1, 1953.
(P. O.
Miss.
Education.
check for $2,010, pay¬
Bond Offering
Clerk
1,
of
Mercer County (P. O.
New Jersey
holders,
inclusive. Dated July
Board
required.
net interest cost
follows: $35,000 as
1963, and $105,000. as
3s, maturing from 1964 to 1973, all
CHRONICLE
able to the Board of Education, is
a
1954 to
FINANCIAL
legally binding obliga¬
the
A certified
from
■
1949 to
of
2s, maturing on July 1, from 1949
to 1953; $85,000 as 2V2S, maturing
District No. S
luka),
and
tions
were
Robert
NEW JERSEY
Tishomingo
valid
&
the
—
by J. G. White & Co., and Sher¬
wood & Co., both of New York,
jointly, as 2s, at a price of 100.41,
basis of
a
1948. Due
to
1949
highest
Trust
White
1.955%. Dated July
serially
1968
on
15,
July 15, from
inclusive.
The
next
bidder was the Marine
Co.,
Buffalo, and R. D.
& Co., jointly, for 2s, at
|
100.335.
Hempstead (P. O. Hempstead)p
|
New York
£.
;.,..r--"'
n
Bond
Sale—The $47,500 high¬
machinery-1948 bonds of¬
way
fered
on July 13—v. 167,
p. 2839—
purchased by the Hempstead
Bank, of Hempstead, as DAs/at a
price of 100.01, a basis of 1.24%.
Dated Aug. 1, 1948. Due serially
were
on
Aug. 1, from 1949 to 1953,5 incl.
The
next
highest bidder
was
I
j
the
South Shore Trust
Aztec
School District, San Jaun
County (P. O. Aztec), N. Mex.
Bond Sale—An issue q£ $42,000
construction
bonds
was
.
sold
re¬
cently to the Stafq,V/zS, Due
serially On April l'/ froni .19.49 to
1958 inclusive/"-£
(
opinion of Reed, Hoyt & Wash¬
Co., Rockville
Centre, for IV2S, at 100.015.
burn, of, New York City, that the
bonds
binding, obli¬
gations of the district. A certified
check for $11,000', payable to' the
ii'iN/-
are
.iv
.V.
district,
is
Hempstead Union Free School
valid and
•*#*•£>)
required.
**■ ?*».
••
m;
-V,
>
|
District No, 27 (P. O. West
;
Bond
Hempstead), N.
Y.
Offering—George A. Pink,
District Clerk, will receive sealed
j
Volume
168
Number 4717
bids until 3.30 p.m. (DST) on July
21 for the purchase of $510,000 not
to
exceed
4%
interest
building
registered bonds. Dated
Aug. 1, 1948.,Denom. $1,000. Due
on Aug. 1, as follows:
$20,000 from
coupon or
1949
to
1961
1960, and $15,000 from
1978, all inclusive. Prin¬
to
cipal and interest
(F-A) ^payable
at the West Hempstead National
Bank, West Hempstead, or at the
option of the holder, at the Bank
^f
New
York
Fifth
and
Avenue
Bank, New York City.
Rate of
interest to be in multiples of V4 or
1/10 of 1% and must be the same
lor all of the bonds.
The approv¬
ing opinion of Hawkins, Delafieid
& Wood, of New York City, will
be
furnished
without cost.
to
the
A
certified
purchaser,
check
lor 2 % of the amount of bonds bid
lor, payable to the District, is
quired.
Bond Offering—Ray L. Wilson,
Village Clerk, will receive sealed
bids until 3.30 p.m. (DST) on July
22 for the
purchase of $30,000 not
to exceed
5%
interest water sys¬
1948 coupon or registered
bonds. Dated May 1, 1948. Denom.
—
$2,000
1950
in
1949,
1977
to
Nov. 1, as follows:
on
and
incl.
$1,000
from
Principal and
interest (M-N) payable at the Na¬
tional Bank of Kinderhook.
Rate
of interest to be in
multiples of */4
1/10 of
or
1%, and must be the
for all of the bonds. The ap¬
same
proving
opinion
Hawkins,
of
Delafieid
& Wood, of New York
will .be furnished without
/City,
cost.
A certified check for 2%
of
the amount of bonds bid for,
pay¬
able to the Village, is required.
Liberty, N.
Bond Offering
den,
Village
ceive
Treasurer,
sealed
(DST)
Y.
Chandler Bor¬
—
bids
will
until
1
re¬
p.m
of
$73,000 not to exceed 5% inter¬
sewage disposal
plant, 1948
coupon or registered bonds. Dated
JVug. 1, 1948. Denom. $1,000. Due
est
Aug. 1,
en
1949
to
as
follows: $3,000 from
and $2,000 from
1961,
1962 to 1978, all inclusive.
cipal and interest
Prin¬
(F-A)
payable
at the National Bank of Liberty.
R,ate of interest to be in multiples
of
14
the
1/10 of 1%
or
for all
same
and must be
the
bonds.
The
approving opinion of Vandewater,
Sykes & Heckler, of New York
City, will be furnished the pur¬
chaser without
check
for
$1,460
certified
A
cost.
payable
the
to
Monticello, N. Y,
Village
ceive
Treasurer,
sealed
<DST)
on
bids
July
22
until
re¬
3
p.m.
the
pur¬
chase of $76,000 not to exceed 5%
/interest
street improvement
1948
registered bonds. Dated
May 1, 1948. Denom. $1,000. Due
•on Nov. 1, as follows: $8,000 from
coupon or
1949 to
1953, and $9,000 from 1954
1957, all inclusive.. Principal
and interest (M-N) payable at the
to
National
cello.
i
Union
Rate
of
multiples of lk
must
be
the
Bank
of
interest
or
Monti-
to
be
in
1/10 of 1%, and
same
for
all
of
the
bonds.
The approving opinion of
Vandewater, Sykes & Heckler, of
New York City, will be furnished
to the purchaser without cost.
A
certified check for $1,520 payable
to the Village, is required.
Bolid Sale
The $11,025,000
Housing Authority bonds, guaran¬
teed as to principal and interest
Jby the City of New York,, and for
—
were
opened on
JuJy-15;rrt- v. 168, p. 198 — were
awarded to a syndicate headed by
^Blyth
Co., Inc., New York, at
plus i a \ premium of $8.84 for
variousj ^coupon rate!, making a
par,
1957-1960
3.10%
1967-1980
1981-1990
3%
July
nually
on
1991-1997
1,
1948
July 1,
due
and
were
sold
an^
fol¬
as
lows:
Int. Rate
$240,000
Maturity
5%
2V2%
•
1957-1960
3.10%
418,000
1,319.000
1,338,000
1949-1953
2%%
3%
163,000
240,000
1967-1980
1954-1956
1961-1966
3V4%
1981-1990
3%
1,207,000
1991-1997
Syndicate Members—Associated
in the subsequent public re-offer¬
ing, at prices to yield from 1% to
3.15%, according to maturity, are
the following: The First Boston
Corp.; Harriman Ripley & Co.,
Inc.; Smith, Barney & Co.; Kidder,
Peabody & Co.; Drexel & Co.;
Stone & Webster Securities Corp.;
Paine, Webber, Jackson & Curtis;
Eastman,
Dillon
&
Co.; L. F.
Rothschild & Co.; E. H. Rollins &
Sons, Inc.; Geo. B. Gibbons & Co.,
Inc.; Chas. E. Weigold & Co., Inc.;
W.
The
E.
Hutton
&
Co.; A. C. Allyn
and Company, Inc.;
Bacon, Stev¬
enson &
Co.; R. S. Dickson & Co.,
Inc.; Hirsch & Co.; Ira Haupt &
Co.; Dean Witter & Co.; R. D.
White &
Company; Heller, Bruce
Inc.; Hayden,
Byllesby and
Company, Inc.; Prescott, Hawley,
Shepard & Co., Inc.; J. G. White
& Company, Inc.; John Small &
Co.; Robert Hawkins & Co., Inc.;
G.
C.
Haas
&
Co.,
and
Minsch,
Monell & Co.
According to Blyth & Co., Inc.,
the
underwriting
the
bonds
manager, 80% of
been sold by late
had
afternoon of the day of the award.
cate
New
15
headed
York
awarded
on
July
1966
to 2001.
on
'
July
1,- were sold
";•' -:-;
an¬
as
Clerk,
will
on
000
to
not
exceed
same
for all of the bonds. The ap¬
chaser
without
A
cost*.
Wheatland
Bond
bonds
the
to
The
of Bis¬
price of
bidder was the
State Land Department, for 2V2S
at par.
OHIO
1,
1948. Due serially on
from 1949 to 1957 in¬
clusive. The next highest bidder
was the Marine Trust
Co., Buffalo,
and R. D. White & Co., jointly,
for 1.40s, at 100.155.
Tivoli, N.
Bond
Sale—The
Y.
$38,000
system 1948 bonds offered
14—v.
168*
election
ance
July
Offering
ance
ceive
—
bids
sealed
4
of
the
bonds.
be
—
in
general
November
Consider the
issu¬
$12,500,000 bonds.
re¬
Rate of inter¬
The
School District,
City
1949-1953
approving
opinion of Vandewater, Sykes &
Heckler, of New York City, will
be
furnished
to
the
purchaser
2%
1954-1961
without cost. A certified check for
ris Trust & Savings Bank, Chica¬
1962-1965
$800 payable to the Village, is
quired.
go,
Jan. 1, as follows:
Int. Rate
Maturity
6%
393,000
224,000
Associated
with
Lehman
in the purchase of the bonds
Bros,
were
Reusch & Co.
Hempstead Union Free
School District No. 7 (P. O.
Great Neck), N. Y.
Bond Offering
anticipation 1948 note. Dated July
23, 1948. Due on Dec. 23, 1948.
Legality approved by Hawkins,
Wood, of New York
.
Orangetown
District
Union Free School
No. 4
( P.O.
Nyack), N. Y.
Sale—The
,
a
as
price of 100.082, a basis
>■*
-.1
* s:
payable to the
quired.
of
Board
missioners,
in
Ra¬
Heights,
Sale—The
portion,
first
Ohio
$32,750
issue
prop¬
of
provement
bonds.
coupon
Cain,
rate
Each bid may
for
part of the
bonds (having the earliest matur¬
ities) and another rate or rates for
the
balance/but
more
than
bidder must
City
—
no bid may name
rates, and each
specify in his bid the
bids until
&
ders
four
and the
Clerk,
noon
Dempsey, of Cleveland,
printed notes will be fur¬
nished and paid for by the City.
Ap¬
A certified check for 1% of the
proving opinion of Reed, Hoyt &
amount of notes bid for, payable
Washburn, of New York City, will
be furnished.
A certified check to the City Treasurer, is required.
amount of bonds of each rate.
for $3,000 payable to
Treasurer, is required.
the
State
Franklin
County (P. O.
Columbus), Ohio
Bond Offering—G. Ernest
Clerk
Northfield School
[
Ban d
Offering
/-ii
i_
''
ini
cierk, ^
Board
of
County Com¬
to
Edna'Berg;
J
"vviU receive sealed
(EST) on July
the. purchase of $49,100 not
bids until 10 a,m.
27 for
I
exceed
,as
.
for
a
different
;
v:y;
!
Bond
Offering—Joseph J. MiCity Auditor, will receive
sealed bids until noon (DST) on
July 30 for the purchase of $46,800
not
to
exceed
3%
interest bonds
fallows:'
di-
as
interest
3%
follows:
$37,100 property owner's portion,
street and alley improvement
paving bonds. Denomination
$1,000, one for $100. Due on
Nov.
1, as follows: $3,100 in
1949; $4,000 from 1950 to 1956,
$3,000 in 1957 and 1958.
9,700 city portion, street and al¬
ley improvem't paving bonds.
and
Denomination
$1,000,
$700.
Nov.
Due
lows:
on
for
one
1,
as
fol¬
$700 in 1949, and $1,000
from 1950 to 1958.
Dated
Aug.
1,
1948.
Principal
and interest (M-N) payable at the
of the
office
Sinking Fund Trus¬
tees.
Bidders may bid for a dif¬
ferent rate of interest in
multiples
of V4 of 1%. All bids must be for
the full amount of the
bonds, and
different but not split rates of in¬
terest may be bid for each issue.
The approving opinion of
Squire,
Sanders & Dempsey, of Cleveland,
be furnished the successful
bidder.
A certified check for 2%
will
of the
principal amount of bonds
offered, payable to the City, is re¬
quired.
New Bazetta Local School District
(P. O.
Boncl
R. D. No. 4, Warren),
Ohio
Sale
on
The $45,000 con¬
equipment bonds of¬
—
June 19—v 167, p. 2518—
purchased
&
Co.,
by
Inc.,
Stranahan,
of Toledo.
Dated
on
July 1, 1948.
Due serially
May and Nov. 1, from 1949 to
1971 inclusive.
Pike-German
Local School District
O. Springfield), Ohio
Bond Offering—Harold Jenkins,
District Clerk-Treasurer, will re¬
(P.
ceive
sealed
(EST)
bids
until
noon
July 28 for the purchase
of $425,000 1V2 % building, unlim¬
ited tax coupon bonds. Dated July
1, 1948. Denom. $1,000.
Due on
Dec. 1, as follows: $18,000 from
on
1949
to
1965,
1966
to
1972
may
bid for
a
and
$17,000
inclusive.
from
Bidders
different rate of in¬
terest in a multiple of xk of 1%.
Principal and interest (J-D) pay¬
able
at the office of the agency
of the Board of Education in New
York
Little,
District] No. 34, missioners,
Ramsey County (P. O. Lake
Hampden), N. Dak;
District
of
,
ty Commissioners, is required.
Harris
Agnes Brown
will receive
(EST) on
July 29 for the purchase of $124,400 6% street improvement, series
No. 92 notes. Dated Sept. 1, 1948.
Denomination $5,000, one for $4,400. Due March 1, 1950. Principal
and interest (M-S) payable at the
City Treasurer's office. Bidders
may bid for a different rate of
interest in multiples of y4 of 1%.
Approving opinion of Squire, San¬
the rate of interest in mul¬
one
Offering
sealed
Dated
bid
may
rate of interest in multiples of V\
of 1%. A certified check for $4,800 payable to the Board of Coun¬
were
Columbus, Ohio
June 1, 1948. Denom. $1,000.
Due
on June 1, as follows: $4,000 from
1951 to 1956; $6,000 in 1957, and
#
sealed
(EST) on Aug. 2
purchase of $480,000 2%%
hospital
construction
bonds. Dated Aug. 1, 1948. Denom.
$1,000. Due on Aug. 1, as follows:
$18,000 from 1949 to 1958, and
$20,000 from 1959 to 1973 incl.
1948
on
Note
County Com¬
receive
interest
fered
office
'
Rex Fuller,
for the
Bond Retirement Fund.
at his
of
will
sealed
bids
—
noon
struction and
leigh, until 11 a.m. (EST) on July
20 for the purchase of $150,000 not
to exceed 6% interest public im¬
Ohio
Offering
bids until
of
re¬
County (P. O.
I ronton),
Bond
is
i
,
Lawrence
Clerk
Board
Commissioners,
originally scheduled to be
July 16—v. 168, p. 95—
have been purchased by the City
sold
$17,000 school
Marine; Trust Cq.,, of Buffalo,
for
bonds
W. E. Easter-
—
NORTH DAKOTA
July 14—vr 168,
l98---were purchased ' by' tlie
% of the par value of the bonds
Secretary of Local Govern¬
ment
Commission, will receive
name
Note Offering—Sealed bids will
&
erty
ling,
name
City.
Cleveland
Canton, N. C.
tiples of 1/4 of 1 %.
be received by the District Clerk
unti 14 p.m. (DST) on July 23 for
the purchase
of a $400,000 tax
and Associates, jointly, for 2s,
101.839.
Bond
$10,000 from 1958 to 1969, all in¬
clusive.
Bidders are requested to
North
Delafieid
at
NORTH CAROLINA
the
following: Phelps, Fenn & Co.,
Inc.; R. W. Pressprich & Co.;
Shields & Co.; Goldman, Sachs &
Co.; Merrill Lynch, Pierce, Fenner
& Beane; B. J. Van Ingen &
Co.;
Hornblower & Weeks; Lee Higginson Corp.; Harris, Hall & Co.;
Stroud & Co.; William E. Pollock
& Co.; McDonald & Co.; William
R. Staats Co.; Otis &
Co.; Stein
Bros. & Boyce; J. R. Williston &
Co.; J. M. Dain & Co.; Thomas &
Co.; Julien Collins & Co., and Fox,
re¬
or for all or none of
A certified check for
bonds, divided
—
p.m.
I
bid
tock,
At the
held
Bond S a 1 e
The $6,000,000
building bonds offered on July 12
—v. 167, p. 2840—were
purchased
by a syndicate composed of the
First National Bank, of Chicago,
Drexel & Co., Philadelphia Na¬
tional Barik,'both of Philadelphia,
White, Weld & Co., of New York,
Weeden & Co., of San Francisco,
Coffin & Burr, of New York, A.
G. Becker & Co., H. M. Byllesby,
both
of
Chicago, City National
Bank & Trust Co., of Kansas City,
Milwaukee Co., of Milwaukee, Il¬
linois Co., of Chicago, American
Securities Corp., R. D. White &
Co., and J. R. Williston & Co., all
of New York, as 2s, at a price of
102.269, a basis of 1.818%. Dated
Sept. 1, 1948.
Due serially on
Sept. 1, from 1949 to 1972 incl. The
next highest bidder was the Har¬
multiples of J/4 or 1/10
1%, and must be the same for
of
to
Ohio
C. Winnfield
until
of
Principal
Lorain, Ohio
Cincinnati
Y.
Treasurer, will
November
1948.
for each issue
the bonds.
City School District,
the voters will
Buffalo, for 2.30s, at 100.235.
Village
in
general
$9,475,000 bonds.
election
ufacturers and Traders Trust Co.,
Bond
held
Bond Election
pur¬
2.20s, at a price of
100,364, a basis of 2.159%.
Dated
July 1, 1948. Due serially on July
1, from 1949 to 1967 inclusive. The
next highest bidder was the Man¬
Walden, N.
At the
Ohio
as
,
of
Cincinnati
on
—
the voters will consider the issu¬
chased by the Marine Trust Co., of
Buffalo,
be
to
water
198—were
p.
Bond Election
1,
interest to be in multiples of V4 of
1%. Bids may be made separately
Bidders
Cincinnati, Ohio
2.40%
on
$287,000
l%s, at
$8,000 school
July 6—v. 167,
purchased by the
Dakota,
Aug.
(M-S) payable at the
County Treasurer's office. Rate of
on
otyier
only
Dated
and interest
County
The
—
North
1,
all
Bond
of
Dist.
marck,
as
2V2S, at a
100.44, a basis of 2.44%.
Dated
July 1, 1948. Due serially on July
1, from 19^9 to 1964 inclusive.
Saratoga Springs, N. Y.
Sale—The $163,000 gen¬
eral improvement bonds offered
on
July 15—v. 168, p. 95—were
purchased by Roosevelt & Cross,
and Tilney & Co., both of New
York, jointly, as 1.40s, at a. price
of 100.18, a basis of 1.427%. Dated
March
Sale
offered
Bank
Sch.
18, N. Dak.
2738—were
p.
Bond
March
Common
No.
certified
for
$2,280 payable
District, is required.
Kay,
lows:
$1,200
in
1949,
and
$1,000 from 1950 to 1957 incl.
Dated
proving opinion of Vandewater,
Sykes & Heckler, of New York
City, will be furnished to the pur¬
check
1,
improvement/ No.
219
bonds. Denom. $1,000, one for
$200. Due on Sept. 1, as fol¬
est to be in
certified check for 2% of the bid.
for
Due $1,000 on Sept. 1,
1949; $1,900 011 March and $1,000 Sept. 1, 1950, and
$1,000
March and Sept.
1, from 1951
to 1968, all inclusive.
9,200 Franklin Sewer District No.
company designated by the
successful bidder.
Rate of inter¬
coupon
one
$900.
trust
interest
5%
est to be in
Amount
bonds. Denom. $1,000
Principal and interest (J-J)
payable at any suitable bank or
on
53
Franklin Sewer District
1, improvement No. 20,9
No.
Jan. 1 from 1950 to 1953 inclu¬
multiples of i/4 or 1/10
or registered
of 1%, and must be the same for
July 15, 1948. De¬
all of the bonds. The District will
nomination $1,000. Due on July 15,
furnish the printed and executed
as
follows: $12,000 from 1949 to
bonds * and
the
approving legal
1952, and $11,000 from 1953 to
opinion of Dorsey, Colman, Bark¬
1958, all inclusive.
Principal and
Scott & Barber, of Minne¬
interest (J-J) payable at the First er,
National Bank of Glen Head. Rate apolis, both without cost to the
Each bid must be un¬
of interest to be in multiples of J/4 purchaser.
conditional and accompanied by a
or 1/10 of 1%, and must be the
school, 1948
Trust Co., Walden.
July 1, 1948, and
$39,900
sive.
receive
July 22 for the purchase of $114,-
The
$904,000 series A bonds
purchased by the Lehman Bros,
p..
nually
District
(DST) on July 28 for the purchase
making a net of $40,000 not to exceed 5% inter¬
Authority of est water, 1948 coupon'or regis¬
2.456%.
The balance of $6,296,- tered bonds.
Dated June 1, 1948.
000 of the $7,200,000 bonds
Denom. $1,000. Due $2,000 on June
up for
sale will be purchased as Series B
1, from 1949 to 1968 inclusive.
2y2s by the Public Housing Au¬ Principal and interest (J-Dj
pay¬
thority and will mature on Jan. 1 able at the First National Bank &
from
(297)
bids at- the County Auditor's of¬
fice, Devils - Lake, until 2 p.m.
(CST) on July 26 for the purchase
15, 1948.
15, from 1949
for various coupons,
interest cost to the
dated- July 1,
due
Aug.
sealed bids until 3 p.m. (DST)
by Lehman Bros, of
was
total of $904,000 Fourth Issue
Series A bonds at a price of 100.18
a
Dated
CHRONICLE
Bond Offering—Clifford I. Mac-
kay,
Additional Bond Sale—A syndi¬
bonds offered on
follows:
1.474%.
FINANCIAL
of $8,000 not to exceed 4% inter¬
Oyster Bay Union Free Sch. Dist.
est building bonds: Dated
July 1,
No. 1 (P. O. Greenwood
1948. Denom. $1,000.
Due $2,000
Landing), N. Y.
& Co.; Tripp & Co.
Miller & Co.; H. M.
$6,100,00 Jacob Riis City
TJopaes. bqnds, project No. 3NYC-3,
1948' and
of
&
Due serially on Aug.
to 1953 inclusive.
bonds.
Amount
pet interest cost to the Authority
of 3.107%.
'
1961-1966
3V4%
dated
JNew York City Housing Authority,
New York
which sealed bids
3%
$4,925,000
Jacob
Riis
Houses bonds, project No. NY-5-8,
mature
will
for
1954-1956
The
Bond Offering—William F. Mil¬
ler,
2VZ%
2%%
1,635,000
1,659,000
1,490,000
1949-1953
group are dated
Village, is required.
-
Maturity
5%
201,000
298,000
519,000
July 28 for the purchase
on
Int. Rate
-
$298,000
COMMERCIAL
with Blyth & Co., Inc., in the
pur¬
chase of the $11,025,000 bonds and
%
$1,000. Due
Amount
re¬
Kinderhooh, N. Y.
tem
THE
tion
City.
will
printing
The Board of Educa¬
the expenses of
bonds.
A certified
pay
the
check for 1% of the
bqnds bid for,
payable to the Board of .Educa¬
tion, is required.
These are the
bonds offered
not sold.
'
on
July 9 and,
:/
were
r-r.
■
54
(298)
Solon
THE
Local School
Bond Sale^-The
District, Ohio
Due
$240,000 build¬
ing bonds offered on July 13 were
;; purchased by McDonald & Co.,
ahd Fahey, Cleark & Co., both of
held
as
2%s, at a
basis of 2.661%.
Dated July 1, 1948. Due serially
on June and Dec.
1, from 1949 to
1968 inclusive. The next highest
bidder
was
Van
Lahr, Doll &
Isphording, for 2%s, at 100.65.
is
City Auditor, will receive sealed
noon (EST) on July 22
Dated June 1,1948.
ment bonds.
Taltmadge, Ohio
Bond
Offering
Virginia K.
Walters, Village Clerk, will re¬
ceive sealed5 bids until noon (EST)
on
July 24 for the purchase of
$29,986.25
1%%
improvement
bonds. Due
$9,986.25
1950
for
and
on
—
follows:
$10,000 in
Aug. 1,
as
in 1949, and
1951.
Bidders may bid
2%
multiples of
-of 1%. A certified
check for $300 payable to the Vil¬
lage, is required.
A
Nagle,
certified
sealed bids until 10.30
of the amount bid,
on
July
$600,000
$1,000.
Bonds
Approved
Sale
with
water works
sale
of
connec¬
the
Bristol
$30,000
system improvement
bonds to the First National Bank
&
Trust
the
and
Co.,
of
Oklahoma
Waukomis
State
City,
Bank,
the
bonds
sold
were
as
$6,000 as 2s, maturing $2,000
on May 15, from 1951 to
1953; $8,000 as 2i/2s, maturing $2,000 from
1949 to 1957, and $16,000 as 2%s,
maturing $2,000 from 1958 to 1965,
Bond
Sale—The
$70,000 inter¬
cepting sewer bonds offered on
July 13—v. 168, p. 95—were pur¬
chased by J. A. White & Co. of
Cincinnati, as 2%s, at a price of
101.038, a basis of 2.422%. Dated
Aug. 1, 1948. Due serially on Aug.
1, from 1949 to 1953 inclusive.
The next highest bidder was the
First Cleveland Corp., for 2V2s,
at 100.67.
Gollwitzer,
Village
Clerk, that
she is calling for payment as of
iy2%
1,
Warrensville
to 5%, Village of
Heights, (Cleveland
22, Ohio), refunding bonds, Series
1939-3, Nos. 121, and Series 19394, bonds Nos. 167, 174, 179, 180,
193, 195, 197, 204, 205, 210, 224,
226, 227, 253 and 263, to the
amount of $16,000.
M
Dated July 1, 1939.
Denomina¬
tion
$1,000.
Due July 1, 1969.
Said bonds, together with unma¬
tured interest coupons, shall be
presented at the Village Treasur¬
er's office for redemption at par
and accrued interest through June
30,' 1948, after which date interest
shall
cease.
Blaine
County (P. O.
Watonga), Okla.
— Ada
V. Cory,
Bond Offering
County Clerk, will receive sealed
10 a.m. (CST) on July
21 for the purchase of $115,000
County separate school improve¬
bids until
bonds.
Due
$10,000
from
1951 to 1960, and $15,000 in 1961.
A certified check for 2% of the
amount of
Checotah
Bond
bid, is required.
School
Sale
portation
Okla.
District,
The $7,500 trans¬
—
equipment
purchase
on July 8 were pur¬
bonds offered
chased by the First National Bank
& Trust Co., of
Oklahoma City, as
highest bid was
for 1 y>s, and 2s.
lV2s.
Clerk,
will
receive
sealed bids until 8 p.m.
(PST) on
July 24 for the purchase of $112,000
not
building
to
exceed
bonds.
6%
interest
Dated
Aug.
Principal and in¬
(F-A) payable at the Coun¬
ty Treasurer's office, or at the fis¬
cal agency of the State in New
York City.. The approving opinion
of Winfree, McCulloch, Sftuler &
Kelley, of Portland, will be fur¬
terest
A certified check for
Associates,
1948.
5,
II, 1949.
Due
.
Dated
Aug. 1,
1948.
Due on Feb.* 1, as follows:
$7,000 from 1952 to 1956; $8,000
from 1957 to 1960, and $9,000 from
1961 to 1965, optional on Feb. 1,
1956, and on any interest payment
nished.
Co., New York,' and
$500,000 at 1.02%.
Oil
Bond
Ci'.y,
Sale—The
Feb.
provement bonds offered
on
agency in New York.
Purchasers
will be furnished with the
opinion
of Reed,
Hoyt &
New
&
Co.
of
was
l%s,
next
are
&
Treasurer,
Union
City; Tenn.
Bond
tion of the purchaser.
A certified
check for 1% of the amount bid
for, payable to the State Treasur¬
is, required.
er
re¬
•
Details—In
connec¬
$500,000
Sale
School house bonds to the First
National Bank of Memphis, and
sold at
100.005.
TEXAS
Bellville
Indep. School District,
Texas
Bond Call—Max
Treasurer,
Bader, District
that the
announces
re¬
funding bonds, dated Aug. 1, 1938,
called for payment on
Aug. 1,
at the First National
Bank, Bell¬
ville, or at the Capital National
Bank, Austin.
are
SOUTH DAKOTA
Benavides,
Bonds
Bond Sale—The $767,000 bonds
offered on July 14—v. 168,
p.
were
purchased
by
Stuart & Co., and
Paine,
Jackson
&
Curtis, of
jointly,
at
a
199
Halsey,
Webber,
Chicago,
and
price
of
sewer
bonds,
100.0307,
ing
on
July 1,
1958; $225,000
to
a
net
from
1949
2V2s, ma¬
turing on July 1, from 1959
tb 1963, and $235,000 as
2V4s,
maturing from 1964 to 1968,
all
as
inclusive.
116,000 airport bonds, as 2s, at a
price of 100.3866, a net inter¬
est cost
rially
of
on
100.3866.
Due
se¬
Texas
At
—
election
an
July 6 the voters approved
issuance of $320,000
water
on
works and gas system
bonds.
Big Lake, Texas
Sale
Details—In
connec¬
tion with the sale of the
$150,000
3% % gas system revenue bonds
to
the
First
of
Texas
Corp., and
the Columbian Securities
Corp. of
Texas, both of San Antonio, joint¬
ly,
as reported in our
—v.
167,
bonds
p.
May 31 issue
2412—we
mature
learn
follows:
as
the
$5,000
from 1949 to
1952; $7,000 in 1953;
$8,000 in 1954; $7,000 in 1955; $8,000 in 1956; $7,000 in'
1957; $8,000
from 1958 to
1964 to
1963, and $9,000 from
1968 inclusive.
July 1, from 1950 to
Borger School District, Texas
1958 inclusive.
for
Dated July
$3,-
the
Voted
Bond
interest cost of 2.303%, as fol¬
lows: $191,000 as 2s, matur¬
im¬
July
held
follows:
as
$651,0C0 water
Philadel¬
Co.,
is
•
tion with the sale of the
valid
Such opinion to be paid for
the purchaser.
Delivery in
Columbia or New York, at the
op¬
highest bidder
Halsey, Stuart
at 100.247.
Pecktal, ' City
quired.
by
phia, jointly, as iy4s. at a price
100.179,
a
basis
of
1.193%.
Dated July 15, 1948. Due serially
on July 15, from 1949 to 1956 in¬
The
nished the purchaser.
A certified
check for $5,000 payable to J. R.
State.
of
clusive.
Principal and.inter-,
(F-A)' payable at the Central
& Trust Co., New
City, or at the First National
Bank, Kingsport.
The approving
opinion of Wood, King & Dawson*,
of New York City, will be fur¬
Washburn, of
City, that the certifi¬
obligations of the
York
cates
168, p. 95—were purchased
by Harriman Ripley & Co., Inc.
Yarnall
for;
Associates, at a net interest cost
Of 2.97%, for 23As, and 3s, as re¬
Principal and interest payable at
ported in our July 5 issue—v. 16#,
the State Treasury, or at
any State p. 96—we learn the bonds were
14—v.
and
on
.
Pa.
$200,000
rate
one
be named by
may
Hanover Bank
Aberdeen, S. Dak.
Chemical Bank & Trust
than
more
year
1,
1948.
The
next
Bond
Sale
Details—In
connec¬
highest bidder was the First Na¬ tion with the sale of the $400,000
Sharpsburg, Pa.
school bonds as
Bond Sale—The $250,000 water tional Bank, Minneapolis, North¬
reported in our
Lane and Douglas Counties School and
western National
Bank, 1 Minne¬ May 24 issue—v; 167, p. 2308—
light
plant
improvement
District No. 25J (P. O.
First National Bank, St. we learn that the bonds were sold
bonds offered on July 12—v. 168, apolis,
Paul, and associates, for $651,000 to R. A. Underwood & Co., of
p. 96—were purchased by a syn¬
Cottage Grove), Ore.
Bond Sale—The $37,000 build¬ dicate composed of Singer, Deane as 2Y2s, at 100.29, and $116,000 as Dallas, as follows:'
$250,000 independent schuol dis¬
ing bonds offered on July 6—v. & Scribner, of Pittsburgh, E. Hi 2.10s, at 100.26.
trict bonds, as
168, p. 95—were purchased by the Rollins & Sons, of Philadelphia,
3y2s, at, a price
f
Beresford, S. Dak.
of 100:447, a net
First National Bank of Eugene, as Fauset, Steele & Co., and Moore,
interest cost
Bonds Voted
At an election
of 3.446%.
2y4s.
Dated Aug. 1, 1948.
Due on Aug.
Due Leonard & Lynch, both of Pitts¬ held on June 29 the voters
15,
ap¬
as follows:
serially on Aug. 1, from 1949 to burgh, as 2s, at a price of 100.277* proved the issuance of
$6,000 in 1949 and
$25,000
a basis of 1.971%.
1953 inclusive.
Dated Sept; 1," street
1950; $13,000 in 1951; $12 000
improvement bonds.
1948.
in 1952; $6,000 in
Due
serially on Sept. 1,
1953, $18,000
Mount Angel, Ore.
from 1950 to 1969 inclusive.
in 1954;
Hecla, S. Dak.
The
$27,000 in 1955; $33,Bond
Bonds Voted
Offering — Edward F. next highest bidder was
At an election
000 in
Halsey,
1956; $29,000 in 1957
Schaecher, City Recorder, will re¬ Stuart & Co., for 2y4s, at 102.069. held on July 7 the voters approved
and
1958; $31,000 in 1959;
the issuance of
ceive
sealed
bids
until
8
p.m.
$40,000 electric
$30,000 in 1960,
^nd $10,000 in
Shenango Township Sch. Dist.
light and power system revenue
(PDST) on July 19 for the pur¬
(P. O. New Castle), Pa.
bonds.
chase of $20,000 not to exceed 6%
,4,
150,000
junior
college
district
Bond Sale—The $37,000 build¬
interest water general obligation
bonds, at a price of 100.367, a
Rapid City, S. Dak.
bonds.
Dated April 1, 1948. De¬ ing bonds offered on July 7—v.
net interest cost of
Bond Issuance Contemplated—
2.737%, as
nomination $1,000. Due on April 1,
168, p. 96—were purchased by S.
follows: $115,000 as 3
The City Commission is contem¬
y2s, ma¬
as
follows: $3,000 from 1963 to K. Cunningham & Co., of Pitts¬
turing on Feb. 15, $4,000 in
plating the issuance of $150,000
1968, and $2,000 in 1969.
The burgh, as 21/2s. Dated July 1, 1948. water
1949 and
revenue bonds.
1950; $5,000 in 1951
Due serially from 1950 to'1967 in¬
bonds will be callable at par and
and 1952; $6,000 in 1953
and
accrued interest at the option of clusive.
Webster, S. Dak.
1954; $5,000 in 1955; $6,000 in
Bond Sale Details
the City, on April 1, 1953, and
In connec¬
1956; $9,000 in 1957; $10,000
Vernon
Township School District tion
with the sale of the
upon any interest payment date
from 1958 to 1961;
$40,000
(P. O. R. F. D. No. 2,
$25,000 in
water softening plant bonds to the
thereafter.
Principal and interest
1962, and $30,000 as 1V4S, ma¬
Meadville), Pa.
First National Bank, of Minne¬
(A-O) payable at the City Treas¬
turing on Feb. 15, 1963.
Bond Sale—The $150,000 gen¬
urer's office. A certified check for
apolis, as 2s, as reported in our
eral obligation bonds offered on
5% of the amount bid, is required.
July 5 issue—v. 168, p. 96—we Bosque County (P. O. Meridian),
July 12—v. 168, p. 96—were pur¬ learn that the bonds were sold at
Texas
Umatilla County (P. O.
chased by Singer, Deane & Scrib¬
Bond Sale—An issue of
par, and mature $5,000 on Jan. 1,
$110,000
Pendleton), Ore.
ner, Fauset, Steele & Co., both of
road and
from 1950 to 1957, all incl.
bridge refunding bonds
Bond Offering — Sealed bids Pittsburgh, and E. H. Rollins &
vvas
purchased recently
by Wil¬
will be received by the County Sons, of Philadelphia, jointly, as
Yankton, S. Dak.
liam N. Edwards
&'Co., of. Fort
Bonds Not Voted—At an elec¬
Clerk, until 10 a.m. (PST) on Aug. 2y4s, at a price of 100.211, a basis
Worth, as 3s, 'and
3V4s, at. par.
1
for the
purchase of $150,000 of 2.236%. Dated July 1, 1948. Due tion held on July 6 the voters did Dated
April 1, 1948. Approved as
2Y2% road bonds.
Denom. $50 or serially on July 1, from 1949 to not approve the issuance of
$50,- to legality by Dumas &
Huguenin,
The next highest 000 street and sewer bonds.
multiples up to $1,000, at the op¬ 1978 inclusive.
of Dallas.
tion of the bidder.
These bonds bidder was Blair & Co., Inc., and
TENNESSEE
are part of the $900,000 issue au¬
Bridge City Independent School
Moore Leonard & Lynch* jointly,
thorized in 1946, and are the final for 2%s, at 102.036.
District, Texas : - • y
Kingsport, Tenn.
000 is
required.
—
—
OKLAHOMA
%}
ment
District
Beau-
date thereafter.
Warrensville Heights, Ohio
Bond Call—It is stated by Lena
r
July
lieu,
E.
Dated Aug.
to bear inmultiples of % or
1/10 of 1%, and must be the same
for all of the certificates bid for.
follows:
Co., New York, $466,000 at
I.02%, plus $6.50.
the
a.m.
are
im¬
Trust
To
Offering—Dora
as
or
one
York
$1,250,000 from .1955 to 1960. Bid¬
on
To the Central Hanover Bank &
Curry County School District
No. 17 (P. O. Brookings),
Bond
awarded
were
OREGON
11
ders are invited to name the rate
of interest'which the
certificates
McKeesport Housing Authority, Pa.
Note
Sale—The $966,000 tem¬
porary loan
(series 9) notes of¬
fered on July 13—v. 168, p. 200—
all inclusive.
until
B.
re
15, 1948.
Aug. 15, as
1950; $600,000
in 1951, $100,000 in
1952; $400,000
in 1953;
$1,200,000. in 1954, and
8 were purchased
by
Co., of Philadelphia, as
price of 101.152, a basis of 1.767%.
Dated July 1, 1948.
Due serially
on July 1, from 1949 to 1968 inch
The next highest bidder was Dol¬
phin & Co., for 2s, at 101.30.
lows:
bids
Jeff
will
Aug. 3 for the purchase
$10,000,000 certificates of in¬
Denom. $1,000. Due
follows: $200,000 in
July
Stroud &
l7/gs, at a
fol¬
rates
any
est
on
debtedness.
re¬
of the
The $250,000
—
provement bonds offered
Oregon
Toledo, Ohio
check for 2%
Sale
15,
of)
—
Treasurer,
sealed
(EST)
of
Offering
State
ceive
1,
Bidders to
Township School District
(P. O. Bristol), Pa.
Bond
jointly, at a net interest cost of
2.64%, as reported in our May 17
issue—v. 167, p. 2183—we learn
that
Aug.
on
bonds, payable
City Treasurer, is re quired.
to the
Details—In
the
Certificate
face amount of the
Waukomis, Okla.
Bond
certified
June
each bidder.
Bates,
bonds are issued subject to the
favorable opinion of Townsend,
Elliott & Munson, of Philadelphia.
A
Dated
South Carolina (State
combining two different rates of
interest will.be accepted.
These
State
2%s, maturing in
as
1961.
1948.
ceived for the entire issue at
any
one
rate of interest, but no bid
Supreme Court has approved the
issuance of $1,800,000 power and
heating plant bonds.
tion
$40,000
tiples of y8 of 1%. Bids will be
(P. O.
The
—
Due
Monday, July 19, 1948
a.m.
the
for
$50,000
I960' and
the rate of interest in mul¬
name
not approve the issuance of $300,000 school construction bonds.
University of Oklahoma
Norman), Okla.
and
(DST)
purchase of
improvement coupon
27
from 1949 to 1963 incl.
July 6 the voters did
on
CHRONICLE
bonds. Dated Aug. 1, 1948. Denom.
Bonds Not Voted—At the elec¬
tion held
FINANCIAL
Bond
election
required.
different rate of interest in
a
29.
&
*
Bethlehem, Pai \ ' ? ■
Offering — Bertram L
City Clerk* will receive
the
are
the
at
County (P. O.
Eufaula), Okla.
Denom. $1,000, one for
on Dec,
1, as follows:
$500. Due
$1,000 in
1949 and 1950, and $500 in 1951.
Hate of interest to be in multiples
of y4 of 1%.
No bids for less than
par and accrued interest.
A cer¬
tified check for $50 payable to the
City, is required.
1
These
Mcintosh
,
bids until
for the purchase of $2,500 not to
exceed 3% interest street equip¬
June
on
a
Struthers, Ohio
Bond Offering—jonn.F. Pearce,
1969.
check for
Cleveland, jointly,
price of 100.781,
in
authorized
bonds
COMMERCIAL
The
next
'
—
.
Creek
;
County School District
No. 34 (Pi O. Sapulpa),
Oklahoma
Bond Sale—The $4,500 building
bonds offered
July 12—v. 168,
on
p. »199—were purchased by Cal¬
vert
&
Canfield, of Oklahoma
City.
1957
Due serially from
inclusive,
City
Offering
Clerk,
to
—
will
PENNSYLVANIA
Okla.
W. C.
Woone,
receive
sealed
bids until July 29 for the purchase
of $120,000 not to exceed 4% in¬
terest bonds divided
>
-$100,000
block to be offered for sale.
SOUTH CAROLINA
Mario W,
Bond
1951
f
electric
as
follows:
light
system
bond$.
A
Avonmore, Pa.
Bond
for the
Note
Offering—Samuel S. Mc¬
Laughlin, Borough Secretary,'Will
receive sealed bids until July 21
-
"
Sale—The $125 000 school
on June 25—v.
167,
notes offered
p.
2519—Were purchased by R. S.
Dickson
&
Co., of Charlotte, at a
price of 100.034, a net interest cost
Denom. i 0f
2.61%, as follows: $75,000: as
I2V2S, maturing from 1957 to 1959,
purchase of $50,000 general
obligation coupon bonds.
20,000 water works system bonds.; $1,000.
GeCrgetown County (Pi O.
Georgetown), S. C. *
Bond Offering—D. W.
Moulton,
City Manager, will receive sealed
bids until 8 p.m. (EST) bn
Aug. 3
for the purchase of $600,000 not to
exceed
5%
interest highvschool
bonds. Dated
$1,000.
Due
Aug. 1, 1948. Denom.
$30,000 on Aug. 1,
from 1949 to 1968 inclusive.
Bid¬
Bonds
held
Voted
June
on
proved
At
—
26
the
the
issuance
school bonds. '
an
election
voters1
of
ap¬
$140 000
Bryan Independent School District
Texas
fionds Voted—At
tion held
a
special elec¬
6h June * $ tiie
voters
ders must state; the interest rate'
or irates in multiples of J/4 or 1 /101 approved the issuance of
$756,000
of
1%,
and
not
more
than three
school bonds.
;
^Volume 168
Corpus Christi, Texas
i
(
Bonds
Bond Sale—An issue of $2,550,-
,
water works revenue,
000
■
THE
Number 4717
series
11948. A bonds was awarded on
July 1 to the Ranson
Davidson
-
Central Investment
of
as
|' addition to the above
coupon,
'•'».•
' if
the
Daylong Texas
sold ,recently to
were
Ij Ernest L. Brown, Jr., of Houston,
at par, as
:
follows:
| $50,000 street improvement bonds.
Due on June 15, as follows:
!
$2,000 from 1949 to 1960; $3,-
i
from
"0C0
1961
to
1965; $4,000 in 1966 and 1967, and $3,000 in
!•
1968.
water works and sewer
system impt. bonds.
Due on
June 15, as follows: $1,000 in
25,000
1968; $4,000 in 1969; $6,000 in
1970, and $7,000 in 1971 and
!
•
1972.
•
,j
Dated June 15, 1948. All of said
j bonds are optional on June 15,
i'-■) 1963.
to the
Payable at the Dayton State
Dayton.
Approved as to
legality by Vinson, Elkins, Weems
& Francis, of Houston.
Flatonia Indep.
I
Voted
Bonds
held
June
on
j proved
Sch.
30
an
tion
IS?:
voters
the
ap-
loan
construc¬
County Road District 1-A
I
j
Bonds Publicly Offered
—
The
Central Investment Co. of Texas
of Dallas, is offering for public
;
subscription
I My
divided
as
$243,000
Trust
7)
road bonds
follows:
1977
west
Co.
of
Lynch,
ceive
(DST)
the
pre¬
1968;
$11,000
from
1969 -to
12,000 from
1972
to
and
$13,000 in
1975.
Bonds maturing from 1964 to
1975, are redeemable on July
Silsbee
Indep.
School
South¬
net in¬
reported
District,
Texas
Bond Sale—The $150,000
house
bonds
offered
on
Offering
City
of
rate
Vt.
on
—
Edward F.
until
bids
approved the issuance of $125,000
school
be
The
will
2
re¬
CANADA
multpiles of 1/20 of 1%.
approving opinion of Reed, Hoyt
& Washburn, of New York City,
furnished
be
will
p.m.
the
Canada
Treasury
purchaser
of
without cost.
Due $20,000 on June 1, from
1948.
1955
Bidder to name
school
July 2
$275,000 school
bonds offered
on July 14—v. 166,
96—were purchased by Smith,
Barney & Co. and Kidder, Peabody & Co. both of New York,
p.
jointly,
as 2V4S, at a price of
101.348; a basis bf 2.-114-%^- Dated
Aug. 1,1948. Due serially on Aug.
1, from 1952 to 1968 inclusive.
were
—
July
,\.;i 8 were purchased by a syndicate
i Icomposed of Underwood, Neuhaus
1
f
1
;
&
Co., Eddleman-Pollok Co., J. R.
(Phillips Investment Co., all of
(Houston, and the First of. Texas
jCorp., of San Antonio, as 3%s, at
ipar.
Due serially from 1950 to
follows:
2V2S, ma¬
turing on May 15, from 1949 to
1953, and $72,000 as 3s, maturing
as
$28,000
as
from 1954 to 1962 incl.
Waco,
Aug. 1, from 1949 to 1968 incl.
next
highest
bidder
was
Phelps, Fenn & Co., and Associ¬
ates, jointly, for 2.35s, at 100.09.
on
The
bonds.
Bond Offering—Otis W. DeHay,
than three rates of interest.
Jefferson County Drainage Dist.
No. 3 (P. O. Beaumont), Texas
Bonds Voted
held
on
—
At
an
July 3 the voters approved
$100,000 improve¬
the issuance of
ment
election
bonds.
......
ders are requested to
bid
Bid¬
on non-
callable bonds and also on bonds
Bond
Sale
—
The
$300,000 gen¬
$105,000
as
l%s, maturing
from
1962 to 1968, all inclusive.
Dated
June 1, 1948.
Due serially on
June
from 1949 to 1968 incl.
Sept. 1, 1958, or any
interest payment date thereafter. The next highest bidder was the
Bids must be on form furnished Augusta National Bank, Staunton,
'
u ~
by the City.
The City will fur- for 1%S, at 100.031.
callable
on
COLUMBIA
:
Debenture Sale
The $200,000
168, p. 96—were purchased
3% debentures offered on June
by Foster & Marshall, of Seattle
and the Atkinson-Jones Co., of 18 were purchased by the Royal
Portland, jointly, as IV2S, and 23/4S, Securities Corp., of Montreal, at
at a price of 100.225, a net interest 101.702.
Due serially in 10 years.
cost of 2.5979%. Dated Aug. 1, Payable in Canadian funds at the_
1948. Due serially on Aug. 1, from Canadian Bgnk of Commerce, To¬
1951 to 1970 inclusive. The next ronto;
The next highest bidder
highest bidder was the Pacific was the Canadian Bank of Com¬
Northwest Co., Seattle, for l^s, merce, Toronto, at 101.572.
and 2%s, at 100.021.
•v.
—
Peterborough, Ont.
Bonds Sold—An issue of $200,-
VIRGINIA
WEST
000
Martinsburg, W.
Va.
Sale Postponed—The sale
Bond
$1,400,000 water and sewer
revenue bonds scheduled for July
19—v. 168, p. 200—has been post¬
poned until July 26.
Kenosha,
tional
Wis.
Sale—The
school
$750,000
bonds
voca¬
offered
Voted
Bonds
held
1,
Due serially from 1949
inclusive.
Second high
bid of 101.61 for 314s was made by
Co.
<
Ripley, Ont.
Debenture Sale—The 3Va% $62000 water work debentures offered
on
June
W.
C. Harris
at
16
were
At
an
election
July 6 the voters approved
the issuance of $150,000 construc¬
tion bonds.
99.875%.
vears.
St.
Thomas, Ontario
Bond Offering—Max W.
26
until
8
p.m.
the
for
Wis.
purchase
of
1950 to
1962,
follows:
as
on
$15,000
$200,000
Due
$5,000
Lines,
of
Quarles,
of
furnished.
from
1963
to
Spooner
Milwaukee,
will
Not Voted—At
Bond
Sale—An
Quebec
issue
of
$160,-
000 improvement bonds was pur¬
recently
by
Clement,
Guimont, Inc., of Quebec, as 3s,
at a price of 97.16, a basis of
3.247%.
Dated June 1,1948.
Due
serially
1963
on
June
1, from 1949 to
inclusive.
&
Brownsburg, Que.
Bond Sale—An issue of
Purchaser will furnish
$40,000
water works and sewer bonds was
purchased recently by Geoffrion,
Robert & Gelinas, of Montreal, at
West Bend Sch. Dist. No,
tion held
QUEBEC
Beauport,
be
printed bonds.
Bonds
Due
sive.
chased
on
from
1968, all inclusive. The approving
opinion
price of 100.63,
serially from 1949 to 1968 inclu¬
July
1953; $10,000 from 1954 to
and
a
net interest cost of 3.08%.
receive sealed
(CST)
Denom. $1,000.
1,
3s, and 3V4S, at
Fisher,
school building bonds. Dated Aug.
Aug.
—
15 were
purchased by McLeqd,
Young, Weir & Co., of Toronto, as
a
Wauwatosa School District,
bids
by
Co., of Toronto,
Due serially in 20
Sale
The $200,000 im¬
provement bonds offered on June
Wis.
on
District Clerk, will
purchased
&
on
District,
—
as 3J/4S, at
basis of about
1968
Bond
School
a
3.068%.
to
Aug.
1, from 1954 to 1963 inclusive.
Tcmah
was
Toronto,
price of 101.65,
a
on
July 13—v. 168, p. 96—were pur¬
chased by the Harris Trust & Sav¬
ings Bank, of Chicago, and Robert
W. Baird & Co., Inc., of Milwau¬
kee, jointly, as 2s, at a price of
101.39, a basis of 1.867%. Dated
Aug. 1, 1948. Due serially
lock & Co.j of
bonds
to Bell, Gouin-
15
group
composed
of
Wood,
Gundy & Co., Royal Bank of Can¬
ada, of Montreal, and Gairdner &
WISCONSIN
Bond
improvement
awarded June
of the
1, 1948.
Staunton, Va.
Texas
City Secretary, will receive sealed eral improvement bonds offered
bids until 7.30 p.m. (CST) on Aug. on July 8—v. 167, p. 2740—were
] 1978,, all inclusive.
3
for the
purchase of $750,000 purchased by Halsey, Stuart & Co.
i
Hillsboro Indep. School District,
street improvement,
series 1948 Inc., at 100.01, a net interest cost
Texas
1
i!L
bonds. Dated Sept; 1, 1948,
Bids of 1.6657%, as follows: $90,000
Bonds Voted
At the special
as l3/4s, maturing on June
are to be on interest rates speci¬
1, from
j election held on July 6 the voters fied by the bidder in multiples of 1949 to 1954; $105,000 as lV2s, ma¬
.approved the issuance of $450,000
1955 to
1961, and
1/3 or 1/10 of 1%, but not more turing from
school
was
average
Sale—The
—
•
bills
an
Sept. 24. 1948.
BRITISH
—
on
at
Dated June 25,
,
Bond Sale—The
purchased byMoroney,BeissVIRGINIA
1, 1963, or any interest pay¬ ner &
Co., of Housfon, at par, as
ment date thereafter, at par
Chesterfield County (P. O.
follows: $78,000 as 3s, maturing on
|
and accrued interest.
Chesterfield), Va.
July 1, from 1949 to 1961, and
Dated July 1, 1948. Denom. $1,Bond Offering — The $2,000,000
$72,000 as 37/sS, maturing from
000. Principal and interest (J-J)
1962 to 1968, all inclusive.
Dated school bonds offered 011 July 14—
payable at the State Treasurer's July 1, 1948.
Approved as to v. 168, p. 200—were purchased by
office. Approved as to legality by legality by Chapman & Cutler, of a
syndicate
composed * of
the
Northern Trust Co., of Chicago,
Dumas, Huguenin & Boothman, of Chicago.
Blair & Co., Inc., F. W. Craigie &
Dallas.
Sweeny Indep. School District,
Co., of Richmond, R. S. Dickson &
Texas
Granbury Indep. Sch. Dist., Texas
Co., of New York; and C. F. Cas;
Bonds Voted—At a special elec¬
Bond Sale
Moroney, Beissner sel &
Co., of Charlotesville, as
tion held on June 12 the voters & Co., of Houston, have purchased
21/«>s, at a price of 100.649, a basis
approved the issuance of $80,000 $125,000 school house bonds sub¬ of
2.433%. Dated July 1, 1948. Due
construction bonds.
ject to an election to be held on
serially on July 1, from 1950 to
July 17, at par, as follows: $20,000
1968, all inclusive. The next high¬
Gray County (P. O.
as 2,y4s, maturing in 1949 and 1950
est bidder was the Chemical Bank
Pampa), Texas
and
$105,000 as 2V2S, maturing & Trust
Bonds Voted
At an election
Co., New York, and asso¬
from 1951 to 1957 inclusive. Dated
held on June 30 the voters ap¬
ciates, for 2V2S, at 100.548.
Aug. 1, 1948. Approved as to legal¬
proved the issuance of $85,000
Newport News, Va.
ity by Vinson, Elkins, Weems &
hospital bonds.
Bond Sale—The $1,487,000 pub¬
Francis, of Houston.
Gregg County (P. O. Longview),
lic building bonds offered on July
Travis County (P. O.
Texas
12—v. 168, p. 200—were purchased
Austin), Texas
Bonds Voted
At an election
Warrant Sale Details—In con¬ by a syndicate composed of the
held on June 21 the voters ap¬
National
Bank
of
nection with the sale of the $100,- Philadelphia
proved the issuance of $500,000
000 permanent improvement war¬ Philadelphia, Glore, Forgan & Co.,
road repair bonds.
of New York, Equitable Securities
i
rants, series 1948, to the First of
Harris County Water Control and
Texas Corp., and Russ & Co., both Corp., and Scott & Stringfellow,
of Richmond, as 2.30s, at a price
Improvement District No. 15
:
of San Antonio, as reported in our
of 100.07699, a basis of 2.292%.
(P. O.. Houston), Texas
May 31 issue—v. 167, p. 2412—we
Bond Sale
The $575,000 im¬
Dated Aug. 1, 1948.
Due seriallv
learn that the warrants were sold
provement bonds offered
24
$1,249,000 tem¬
Vernon, British Colombia
one fate of interest in a multiple
porary loan (series 18) notes of¬
Bond Sale
The $110,000 im¬
of Va of 1%.
Bids must be for all fered on July 13—v. 168, p. 200—
provement bonds offered on June
of the bonds. Principal and inter¬ were purchased by the Chemica
15 were purchased by McMahon
est payable at the First National Bank & Trust Co., of New York
& Burns, of Vancouver, as 3V2S,
Bank, Boston. Approved as to and Associates, the only bidders
at 101.77, a basis of 3.30%.
Due
legality
by
Storey, Thorndike, at 1.02%. Dated Aug. 2, 1948. Due serially from 1949 to 1968 inclu¬
Palmer & Dodge, of Boston, whose Feb. 11, 1949.
sive.
opinion will be furnished to the
Chehalis, Wash.
ONTARIO
purchaser without charge.
Bond Sale—The $350,000 water
revenue bonds offered on July 13
Springfield School District, Vt.
Chathan, Ont,
>■>
to 1975 inclusive.
—
•'
Due
Housing Authority,
Wash.
Note
June
on
yield of 0.412%.
WASHINGTON
Bremerton
(Dominion of)
Bills Sold—An issue '
$75,000,000 treasury
sold
July 21 for the purchase
—
t
building bonds.
the
interest
bonds are to bear, such rate to
Treasurer,
sealed
County (P.O.. Worland), Wyo.
Bonds Voted —,At the special
election held on July 12 the voters
—
connec¬
First
a
July 1, 1948. Denom. $1,Principal and interest (J-J)
payable at the City Treasurer's
office.
Registerable as to princi¬
pal only.
Bidders are invited to
the
water
Vorland School District, Washakie
Dated
000.
$420,000 general improvement
(second
issue)
coupon
bonds.
Dated June 1, 1948. Denom. $1,C00.
rejected.
Details—In
to
1978, all incl.
50,000 sewer bonds. Due on Jan.
1, as follows: $1,000 from 194P
to 1958, and $2,000 from 1959
to 1978, all incl.
of
notes
a
1958; $3,000 from 1959 to
1968, and $4,000 from 1969 to
in
p.
Dallas, at
80,000 water bonds. Due on Jan.
1, as follows: $1,000 from 1949
to
interest
6%
July 1, 1948. Denom.
1,000. Due on July 1, as follows:
$l,0CO from 1949 to 1956, and $2,COO from 1957 to 1966, optional at
par and accrued interest on July
1, 1958. Principal and interest. (JJ) payable at the office of the
Town Treasurer or such paying
agent as the purchaser may desire.
he approving opinion of Myles
P. Tallm.adge, of Denver, will be
furnished the purchaser.
A certi¬
fier) check for $1,400 payable to
the Town Treasurer, is required.
incl.
&
re¬
1978.
Burlington,
$40,000 2Vz% unlimited tax bonds. terest cost of 2.17%, as
Due
on
Jan.
1, as follows: in our June 21 issue—v. 167, p.
$5,000 from 1949 to 1953; $7,~ 2740—we learn that the bonds
000 in 1954, and $8,000 in 1955. were sold for a price of 100.07, as
203;000
2%%
unlimited
tax follows: $175,000 as 2V4S, matur¬
bonds. Due on Jan. 1, as fol¬ ing $25,000 on June 1, from 1949
lows:
$9,000
from
1956
to to 1955, and $25,000 as 2s, matur¬
1964; $10,000 from 1965 to ing June 1, 1956.
1971;
1974,
and
Bond
tion with the sale of the $200,000
school bonds
as
exceed
;o
:>onds. Dated
improvement
on Jan. 1, as fol¬
$3,000 from 1949 to 1958;
$5,000 from 1959 to 1968, and
$7,000 from 1969 to 1978, all
VERMONT
College
District,
County (P. O. Odessa), Tex.
Sale
Bank
Cincinnati,
11
str eet
lows:
name
Junior
Bond
Savings
of
Wyo.
Elsie Oberg,
—
Town
bonds. Due
connec¬
ported in our May 241 issue—v.
167, p. 2308—we learn that the
bonds were sold for a price of
100.20,
a
net
interest
cost of
3.064%, as follows: $156,000 as 3s,
maturing
$1,000 from
1949 to
1952; $2,000 from 1953 to 1958;
$4,000 from 1959 to 1963; $6,000
from 1964 to 1968; $12,000 from
1969 to 1972; $14,000 from 1973 to
1975, and $44,000 as 3J/4S, maturing
$14,000 in 1976, and $15,000 in
Authority, Texas
mium of $9.00, was
Ector
Co.
follows:
as
$150,000
at par
York, at 1.12%, plus
Odessa
Provident
the
Baggs,
Bond Offering
Clerk, will receive sealed
the purchase of $280,000 not to ex¬ bids until 8
p.m. (MST) on July
ceed 3%
interest coupon bonds 22 for the purchase of
$28,000 not
wards, Inc. of Oklahoma City, and
offered on
200—submitted
by Salomon Bros. & Hutzler, of
New
(P. O. Gonzales), Texas
I#"
(series
Details—In
Sale
City
Manager, will receive sealed bids
until 10 a.m. (EST) on July 20 for
tion with the sale of the $200,000
school house bonds to R. J. Ed¬
Bid Rejected—The only bid re¬
ceived for the $452,000 temporary
bonds.
Golzales
i
election
the issuancce of $85,000 July 13—v. 167,
auditorium-gymnasium
Sfc
Texas
Dist.,
Af
—
Bond
Bond Offering—I. G. Vass,
divided
Independent
Wilmer, Texas
Sch. Dist.,
Principal
and interest payable at the Re¬
public National Bank, Dallas. Ap¬
proved as to legality by Dumas,
Huguenin & Boothman of Dallas.
Lubbock Housing
>
City, is required.
Wilmer-Hutchins
interest.
accrued
and
j Bank,
r
Weems &
public
for
opinion of Vinson, Elkins,
Francis, of Houston. A
certified check for $15,000 payable
legal
55
WYOMING
Waynesboro, Vet,
pur¬
unqualified approving
general obligation
bonds.
Due on Jan. 1, as fol¬
lows: $5,000 in 1950; $13,000 in
1951; $26,000 in 1952; $23,000
in 1953; $20,000 in 1954; $23,000 in 1955;,$25,000 in 1956;
$33,000, in 1957; $40,000 in
1958; $52,000 in 1959; $54,000
in 1960, and $56,000 in 1961,
430,000 2% % general obligation
bonds.
Due on Jan. 1, as fol¬
lows:
$54,000 in 1962 and
and 1963; $61,000 in 1964; $63,000 in 1965; $65,000 in 1966;
$66,000 in 1967, and $67,000 in
1968, all inclusive.
Dated July 1, 1948.
Denomina¬
tion $1,000.
All of said bonds
maturing in 1959 to 196$, are re¬
deemable at the option of the City
on
July 1, 1958, or any interest
i.
|
bonds
payment date thereafter,
'
j
of Texas,
the
(299)
CHRONICLE
FINANCIAL
&
nish without expense to
chaser the
$370,000 21/4%
Bond Sale—An issue of $75,000
r3%% bonds
The
subscription:
i I entire issue will bear interest to
; total
for the first year.
.
Co.
■—
Dallas, is offering the follow-
improvement
3Vss, at a price of 100 589,
ia net interest cost of 3.154%.
In
;Co.,
Longview, Texas
Publicly Offered
COMMERCIAL
1, Wis
an
elec¬
on
June 18 the voters did
not approve
the issuance of $225,-
000 school addition bonds.
98.67,
a
net
interest ;: cost
3.5568%, as follows: $12,500 as
maturing from 1948 to 1957,
$27,500
as
3V2S,
1958 to 1962,
Dec. 31,
1947.
maturing
all inclusive.
of
3s^
from
Dated
56
(300)
COMMERCIAL
TEE
Mama Hanson is the central character of
a
play, and
the way
thing about the Hanson family
they faced the future with confi¬
dence. That confidence
anything
book,
recent movie starring Irene Dunne.
a
The wonderful
was
a
&
goes
was
all due to Mama. "If
wrong," she'd
say,
"there's always
Bank Account to pull us through."
my
Things worked out fine for the Hansons. And
they never realized that Mama's
was
Mama's
own
"\ Remember
proves
Bank Account
myth.
Mama"proves something. It
face the future with
that
helps
you
a
confidence and faith
get results.
But the average
myth. The
there
CHRONICLE
average
real
are
Monday, July 19, 194&
family needs to know that
savings, real security protecting
them, good times and bad.
That's
save
why
so many
families have begun to
the automatic, worry less
way—with U. S.
Savings Bonds.
Sayings Bonds
pay
are
government-guaranteed to
back four dollars for
ten years.
It's
an
every
three, and in just
investment that's safe—it's
an
investment that grows.
that^ with a reserve fund in the present^,
you
FINANCIAL
And to make it
offers you two
The
your
at your
on
a
payroll, the Bond-A-Month Plan
bank.
AUTOMATIC SAVING IS SURE SAVING- U.5.
,
v,
,
•
SAVINGS B0N05
-i
Contributed by this magazine
government
Payroll Savings Plan at your firm, (2) For
those not
family can't be fooled with a
simpler still,
fine plans for their purchase: (1)
in co-operation with the Magazine Publishers of America as a
•
public service.
la ilia
SECURITY
@FedFRASER