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yyi.
i.
BUS. ADM.
MONDAY
"tlBRARY
Volume
New York, N. Y.,
Number 4399
162
Air Reduction Co., Inc.—Extra
and the regular quarterly
mon
stock,
June
29.
no
value,
par
dividend of 25 cents per share on the com-,,
both payable July 16 to holders 6f record
were made in each of the 21, preceding
Similar• distributions
quarters.—V.
161,
1989.
p.
'•••
.
expenses-™
from
rev.
Int.
795,528
161,487
163,700;
$2,409,124
1,163,407
$3,000,736
1,221,358
$1,815,363
1,242,569
$3,057,931
47,376
364,859
$3,572,531
$4,222,094
34,490
463,722
™;
funded debt
on
Divs.
on
deducting
:
.
i
34,106
U
424,295
423,840
79,183
$2,975,125
$3,710,995
$3,042,268
202,821
1,409,400
202,821
1,409,400
202,821
608,463
1,409,400
939,600
refund
post-war
of
Balance
General
of
profits tax
excess
Sheet,
'
-
$442,000
31
Dec,
1944
1942
1943
•
>
$41,023,107 $40,876,133 $40,499,544
2,232,193
3,255,910
2,478,331
in road, equip., etc
Investments
Cash
6,400,000
71,837
8,000,000
108,021
6,004,544
652,950
953,680
1,096,993
14,432
29,565
33,214
■
834,778
1,115,735
and supplies..—..........
Interest and dividends receivable.— -
658,640
66,255
447,914
Special deposits*
bal.
Bal, due from agents and
Miscellaneous
...
....—^
Car-service
and
Traffic
investments
cash
Temporary
nocqhnts
(£>ri
—
conductors
receivable—
Material
current
Other
1,515,471
775,012
Unadjusted debits
2,715,007
.
742,298
364,675
:
61,455
44,999
1,186,330
15,563
1,077,424
36,982
assets........
assets
Deferred
1873.
';U-
•
,
vVO;,.'
Total
24,940
————™~—-,.™™—
715,300
¥
Interest
$7,830,000
$7,830,000
In
This
Issue
matured
226,023
271,641
275,075
payable
789,050
payable.—.
649,320
unpaid...
unpaid....
975
80,881
accrued—...—
64,486
Unmatured rents accrued—.—.
f
37
Dividends
matured
Accrued
liabilities
liabilities
Deferred
.....
liability
tax
current
Other
and
interest
Unmatured
Unadjusted credits
Unearned
surplus
—
....
.
—™—
Earnings for May
Net
from
railway..—..
Net ry, oper.
54
6,542,254.
82,082
income—_
,
6,549,331
5,861,009
1,257,208
15,655,802
50,652
15,182,105
7,240,995
241,469
17,305,902
U,
and Year to Date
Stock and Bond
;V
■'■■■
Quotations
..
Gross
railway.
from
Net
from
Net
ry.
509,095
728,416
1,018,868
176,019
218,703
—V, 161,
p.
income...
2437.
9,330,499
9,394,804
6,830,528
3,848,893
4,622,251
3,107,393
885,051
1,093,508
905,063
f'
Allegheny Ludlum Steel Corp.—New Officials—
has
J.
Grogan
been
has been named Assistant Treasurer and
appointed Assistant Secretary.—V.
161,
V, H.
State and City Bond Offerings and Sales...
Redemption Calls and Sinking Fund ;
Gross
*
Net
from
from
railway....
railway.—.,
Net ry. oper.
*
income...
$3,337,011
1,042,988
$3,128,976
1,173,149
426,772
450,410
•Deductions
3,062,932
oper, income.—
2,292,644
161, pp. 2781, 2654 and 2549,
1,984,846
2,187,724
___
.
income—.
drilling
1
56
—
leases
Telephone:
HAnover 2-2600
NEW YORK 4, N. Y.
Bell Teletype: NY 1-573
1943
statements
the
for
years' 1941
363,387,606 350,978,014
and
1942
net adjustment of $51,409 charged
have
net
161,
company
Package—
on
is
June
26;
•
.
Test;. packs using -the new container
are now
of
the country's frozen
food plants, Mr.
obtained
in
in
actual
the
practice
results
which
being
made In a
Stewart said, to
the company has
its laboratories.
•
in
Stewart
that
added
largest
manufacturer
body
the
in
manufacturing
$17,335,327 $12,608,102 $10,337,565
'.VA.*;:1;
\
7,826,331
7,065,680
millions
Army during the war—V.
American
6,959,166
$16,801,949 $12,262,077 $10,018,405
533,378
346,025
319,160
.
Balance
United
Sheet,
States
Dec.
31,
.
1944.
Government
of
the container,
Gas
&
on
which is semi¬
special
TNT
1990.
161, p.
Electric
containers
"
by
process
Co.—Annual
in 1944
are
for
made
the
Report—Cer¬
Listed Below:
1944, Atlantic City Electric Co. retired all of its outstanding
preferred stock (56,875 shares) and sold 55,000 shares
cumulative preferred stock ($100 parr.
In May, 1944,
Wheeling Electric Co. retired all of its outstanding 6%
cumulative
preferred stock (25,828 shares) and replaced a portion of this issue
with $2,000,000 of 2% notes payable to banks and due serially pver
the next-5j/2 years. - Ih Sept., 1944, Indiana & Michigan Electric Co.
retired all of its outstanding Tfa :and 6%
cumulative preferred stock
cumulative
new.
and
par)
of
4%
sold
-
120.000 shares
of
hew
4Vk%. cumulative preferred stock($100
In each of these financings company surrendered at its cost all
of the old preferred stock of the subsidiary, and in the
its holdings
case
of
Indiana
the
&
Michigan
Electric Co.'s financing
000,000 in additional common stock of that company.
As a
step in the simplification of the corporate
a
invested
,.
.
$3,»■„
structure of the
subsidiary furnishing
at
Banks, Corporations and Individuals have found
effective market place for large or small
i
|
• us an
|
uBLOCKS of SECURITIES
INDUSTRIALS;
|
I
which
; .'.
are not
readily marketable.
,;|
INQUIRIES INVITED
...
|
;i
INCORPORATED
-
New
from
which it is
In April,
of
|
Kobbe, Gearhart & Company
gained
the
that
is the direct result of experience gained
of
tain Transactions Effected
|;
RAILS-'-'
Members
country,' and
the
system,-the assets-of St. Joseph Heating Co.,
securities,
ELECTRONICS
*
ad¬
1418.'
p.
number
demonstrate
8,237,987
..
been
to earned sur¬
statement for the year 1943 has been adjusted
adjustment of $541,802 charged to earned surplus
—....
$4,262,064;,
13,220,323
preparing to service the frozen food field with a
new
package designed for high speed, economical operation in the
plants
of frozen. food packers,
James A. Stewart, Vice-President,
The
(& Subs.)—Earnings—
12,049,339
Consolidated
•
and the
the
reflect
1944.—V.
announced
MUNICIPAL DEPABTMENT
STREET
credits
American Can Co.—Developing New
profit _^™...„—$5,285,988
$4,781,771
$3,271,885
--.——^
.
2,366,025
1,577,350
1,577,350
per share
^..1—
$6.70
$6.06
$4.15
•Oirerating, geophysical, geological and administrative expenses, lease
rentals, taxes, etc. (including Federal income tax—no provision for
excess profits tax considered necessary).
...
1
..
,.
Municipal ISojids
30 BROAD
ih
in
1944
1943
1942
$26,188,379 $20,500,064 $16,977,571
aban-
.
5
13,212,635
299,426,289
to
Net
*
Established 1922
deferred
and
Note—The
plus
deprecia-
costs,
.FLOEIIDA & NEW JERSEY
qAllen & Company
sales contracts
paym'ts on
Reserves
46
9,386,430
...
profit
Assets—Cash,
SPECIALIST IN
:
L—
/
56,180,085
56,180,085
41,834,785
55,120,090
49,087,362
45,383.179
117,931,758 123,926,647 107,027,503
21,786,851
58,773,796
88,828,865
38,784,598
66,590,372
59,795,104
9,622,907
8,829,344
8,108,578
—
liabilities—-:.™——.
Current
46
System....
..
X
' '1943
■
.
etc..—.
notes,
$6
1,304,331
ry.
—V.
■'$
,
13,210,705
...
Advance
Earnings
10,725,428
■
299,426,289 363,387,606 350,978,014
shares—
Bonds,
46
.
—....
Dividends paid
6,278,573
$
Dec. 31
'".1943
1944;
and facilities
Liabilities— '
Capital
45
47
....
Payable
Banks
income
279,387
15,182,144
Net
Clearings
Amerada Petroleum Corp.
:''v
.
Rates
Reserve
.
'
,
....
Surplus
46
Years Ended Dec. 31-^-
Operating
777,255
4,984,252
Balance Sheets,
■
.
750,000
$11,004,867 $11,706,885 $15,244,022
surp._
Condensed
which the ends are seamed
$2,361,688
15,153,840
earned
Total
the
218,504
5,429,274
to
.
'V-'.
749,917
:
,
.
rigid in construction, ; is. .;the outgrowth of knowledge
manufacture of, the. company's fiber milk container, of
1,256,515
16,061,703
76,149
Canada,• Ltd.,
>, jJ-
•;
plant
Mr.
$3,139,446
railway—
from
of
reserves)
1942
railway—.—
from
Net
.v..
(net)™ 115,876,165 167.123,852 180,402,620
Investments
1—-.
12,620,738
12,273,062
12,140,971
Prepaid exps., deferred chgs., etc..
4,241,735
7,699,745
7,172,939Current assets
1
152,476,946 163,078,312 138,041,160
Net assets in enemy territory (less'■ .
Condition Statement of Member Banks of
1943
,
10,779,672
...
and
territory
••••
Land,
Combined Condition Statement of Federal
Total
From Jan. 1—
Gross
:
Notices
depletion and
doned and expired
1944
;
dividends...—
carried
Assets—,:
;
General Corporation and Investment News.
tion,
.1945
May-
Co.
preferred
.
...
investments
enemy
justed to reflect the
Other income
p.. 2437.
—
for
in
;;(4
Miscellaneous Features
Reserve
,
13,902,358
taxes
assets
prof-
exc.
Total
Exchange
."
;
.
14,003,494
and
Comparative
Mantz
Earnings—'
and depletion:
income
Profit
27
Foreign
'
$81,160,165 $96,826,010 $76,121,770
6,328,056
for
Aluminum
44
.
Transactions New York Curb Exchange
of Bank
1942
—
Markets—£
Dividends Declared and
*
1943
40,571,185
.
; ;
27
27
The Course
'
,
5,810,223
its
—
Over-the-Counter
Calendar Years
Earnings for
64,555,491
Reserved
.
——
Intangible
Alton RR.-
"
account
into
items
for deprec.
—
Gross
J.
4
'
Report—
51,787,341
Prov.
220,222
780,605
-
Normal ——6,838,285
897,863
100,023
9,394,717
3,583,380
railway
oper.
V
-
Special (in respect of war facil.)—
■;
1942
$1,689,651
$2,067,366
following
Prov.
"
\
—...
Federal
1943
.
Prom Jan. 1—
V
.
payable,
:
•
Condensed
taking
before
the
; raffe f
New York Stock Exchange (Stocks)17
New York Stock Exchange (Bonds)
28
New York Curb Exchange
32
Baltimore Stock Exchange........
37
Boston Stock Exchange
37
Chicago Stock Exchange....
38
Cincinnati Stock Exchange i.".
38
Cleveland Stock Exchange..
—39
Detroit Stock Exchange
39
Los Angeles Stock Exchange..
39
Philadelphia Stock Exchange....-.-—---.40
Pittsburgh Stock Exchange
49
St ■ Louis Stock Exchange.—40
Toronto
Stock
Exchange
41
Toronto Stock Exchange—Curb Section...
42
Montreal Stock Exchange
42
Montreal Curb Exchange
43
.
f$l,704,863
railway™,
from
Gross
77,516
1944
$1,951,952
1945
May—
k
„
$55,305,373 $56,379,586 $55,024,522
...... ..... __
S
498,382
1,763
94,291
865
Spec, approp, for additions to prop.
Profit and loss.
Total
1
;
taxes
contingency
1944
Profit
3,380,350
14,568,000
580,990
5,971,919
77,100
3,380,350
11,795,000
932,993
617,301
i;
1,698
106,227
66,662
:
43
7,833,467
V
81,865
11,446,000
accounts
_
and
$3,101,994;- reserves; in¬
reserve,
$1,245,545;
capital
stock,788,675
shares
no
par,
$13,581,375;
earned
surplus,
$13,585,670;
treasury stock (133,400 shares reacquued) at cost, Ur$2,630,591; total.
$140,393;
surance,
(Including Fully Owned Subsidiary Companies)
$7,830,000
3,380,350
.a.-——;
debt
Miscellaneous
'.V
V'
accounts and wages
Audited
reserves
Liabilities—Accounts
i
$29,024,386.—V. 160, p. 2325.
Stock and Bond Averages
$55,305,373 $56,379,586 $55,024,522
.
stock
Preferred
costs,..; and
Comparative
...
580,251
Liabilities—•
Ordinary stock
Long-term
at cost plus intangible drilling costs, $58,$80,868,032; miscellaneous
total, - $82,528,459
(less all intangible drilling
for
depreciation,
depletion,
etc.,
$66,600,658),
lands,
equipment, $21,924,341; total,
$1,660,427;
$15,927,801 p,total, $29,024,386.
r
•' u
Transactions New York Stock Exchange...
*
equipment,
Aluminium Limited—Annual
$3,512,255
$599,556 in 1943 and $512,000 in 1942.
Assets—
undeveloped
943,691;,; lease
.
1,180,589
33,797
.
>
♦After
p.
$2,331,666
;
$2,658,582
preferred stk._
ordinary stock
in 1944,
;
Co.,, Rockleigh,
and
,
154,007
72,170
Bal. of inc. over chgs.
Divs.
N. J.; Berkey;&.
Manufacturing Co., - Canton, O.;
Snead & Co., Orange, Va.; American Elevator & Machine Co., Louisville, Ky., and the Steel Craft Engineering "Co., Cincinnati, O.—V. 161,
aluminum
,
total
ligation
I
'
J
of
pounds
12,000,000
Cr82,603
"
equip, trust ob¬
on
been
involving
have
.
placed by. the Quartermaster; Corps for construction of shelters designed for use in the. Pacific, area,:, company, officials'announced on
June 20..r-.
-..vu: <-.*Nrr
Contracts for the shelters have been let. so far to
a
number of
Orders
sheet
cost, $2,500,000; Accounts receivable, $3,253,567;. Inventories, $1,652,413; investments, $1,341,593; deferred receivables, etc., $86,948; prop¬
erties, plant and equipment, lands, wells and equipment; developed
•
1,898,050
551,007
;
MISCELLANEOUS
-
$4,301,120
6,639,607
648,105
147,743
rents
from
on
1941,
,
$9,844,578
income
Interest
1942
7,325,849
Total gross income...
gross
>'
1943
Order for Alu-
of Americar—Receives
Co.
INSURANCE
-
minum and Canvas Shelters-—
fabricators, including. Aero Mufflers
Gay, Grand Rapids, Mich.; Berger
$8,345,508 $11,283,600
opers..
Net ry. oper, income.
Non-operating income-
Deductions
'
$11,102,951
6,801,831
equipment....
facility
-J:'
A.;-V;;:
a'-r
$21,896,607 $23,537,962 $19,749,292
13,551,099
12,254,362
.9,904,714
—
of
Hire
Joint
-
5,815,439
revenues.™
Operating
Net
'
1944
Calendar Years—
Operating
•Taxes
•
Southern RR.—Income Statement—
Alabama Great
-
Aluminum
Distribution—
dividend of-25 cents per share
declared an extra
The directors have
INDUSTRIAL
PUBLIC UTILITY
-
Copy
a
astd; Investment Mews
General
RAILROAD
Price 60 Cents
Monday, July 2, 1945
York
45 NASSAU
Security Dealers Association
STREET, NEW YORK 5
Telephone
Philadelphia Telephone.
REetor 2-3600
Enterprise 6015
[
I
HILL, THOMPSON
'
120
Broodway, New York 5, N, Y.
1
INC.
(
I
Bell Teletype
New York 1-578
'C
THE COMMERCIAL & FINANCIAL CHRONICLE
«team
heating service in
Certain subsidiaries have currently realize4 $540,000 Of the 1944
purchased
sub¬
portion of South Bend, Ind.-, were
a
system., The net effect of the
the
was
increase
an
American Gas & Electric
merger on
$2,499,714 in its investment in
of
''
v,
conuiiions
1944
In
service.
and
$1,020,000
retired
company
*■'
'
1944'
respect
annual
the
in
"
1935
the years
for
reports
1940
to
Other work
Total
Accounts
of
Act
Company
that
and
1935,
The
Co.,
Realty
Electric
Scranton
standards
said
of
The
and
Duncan
11(b) (1)
Section
the companies first
with
trol
Co.
Estate
Real
Dividends
properties and operations of:
Co., South Pennsgrove
Co., West Pittston-Exeter RR.,
Real Estate Co., Indiana Franklin
Falls Co.
could not. under the
be retained under common con¬
accrued
declared
Depreciation
in
mission
6,
1945,
hearing was held at the offices of the Com¬
at
which the company introduced further
a
Philadelpia,
bring
to
Comparative
Statement of
Int.
income
Other
income—
Total
Administrative
—
and
Federal income taxes———
637,512
36,420
;
taxes—^
Other
27,780
—
Balance
of the outstanding
disct., exp. and pre-
(net)
mium
I; 1,
-
—2—
■
Other interest deductions——
147,181
147,672
148,187
.
333
35,562,300
44,827.370
44,827,370
72,732,500
65,780,400
2,945,646
2,678,822
1,175,942
55,955,381
ing
540,218
V.
/
$9,807,720
$9,233,819
4%%
on
1,689,209
1,689,209
63,272,565
Bal.
58,118,511
$7,544,610
8,067,700
$7,436,234
7,619,243
$1.68
$1.65
for
earned
Earns,
stock
common
dividends
Common
per
1
8,067,827
sh.
com.
(par.
$1.81
only)
co,
-
-
-
'
■
investments
including
Working
from
,
the
privilege
and
1943
re¬
be
earlier,
be
to
SEC
of
sale
Registra¬
.v. 4 4-4,/
registration
a
statement
35-year 2%%
$175,000,000
Net proceeds from the sale together with
would
be
the
which
by
used
retire
to
company's
Oct.
on
in
like
a
1945,
1,
3V4 %
25-year
outstanding
'
are
the company
received
to
Great
deben¬
principal
•'
,
intends to invite sealed bids for
11
July
a.m.,
Britain
.
at
Available
to
between
this
date.
same
and
calls
have
2315 of
Room
Public—
to
been
the
During
European war
over
the
facilities
restrictions,
the
rates for
permitted
,
relaxation
this
The
this company.
of
and press
the countries.
addition
calls
,
announcement
an
of
Great
for
Britain
will
be
three
country and
charges
wartime
minute
call
between
a
reduced
London, for example, will be $12 instead of $21.—V.
the
York
on
New
161,
p.
2654.
1,175,942
American Water Works & Electric Co., Inc.—Output—
Power
week
Columbus, O.—
June
electric
the
of
properties
this
the
for
company
totaled 85,383,000 kwh., an increase of
of 82,024,000 kwh. for the corresponding week
1945,
23,
the output
over
161, p. 2782.
Consolidated
'
■
Anaconda Copper
.
Mining Co.—Annual Report—
Account
Income
'
Ended
Years
1944 '
.
v
31
Dec.
44:''
1943
1942
t
Other
'
397,039,035 444,745,936 408.952,657
and earnings-^...
Gross sales
Ohio,—
trustee and depositary, 20 East Broad Street, Columbus,
of
output
ended
4.10%
2782.
sinking fund bonds due July
American Locomotive
time
•..:
■
/.:., $
-
deposits—.
funds—
i
.........
income
1,252,558
.1,163,303
1,418,069
■„
8,066,239
3,000
9,482,223
—
3,000
.
—
principal manufacturers
Income
of
Cost
sales
were
and
Depreciation
of railway springs and
of
obsolescence
Interest
ancl
lands
timber
phosphate deposits,—
U.
398,457,105 445,909,239 410,205,215
324,125,615 367,092,706 319,070,573
13,014,119
13,287,633
12,251,031
—
Depreciation
charged in a Federal anti-trust suit with con- spiring to suppress competition and to fix prices.
A Justice Department announcement said the civil action was filed
in Hammond, Ind.
' ■
,1/
■'
-v V r.. /••«■ 4
The complaint asked that the defendants be prevented from con¬
tinuing the alleged practices and that the
railway and industrial y
spring association be dissolved. *
'■
4.4 V
The Justice Department announcement named these defendants:
'
American Locomotive Co., American Spiral, spring & Maiitu.aecuring
Co., American Steel Foundries, Baldwin' Locomotive Works, Crucible '■
Steel Co. of America, Fort Pitt Spring Co., Pittsburgh Spring & Steel ;■
Co/, Union Spring & Manufacturing' Co., Symington-Gould Corp., 4
Pittsburgh Steel Foundry Corp.,
Universal Railway Devices Co; < of
Chicago and the Railway & Industrial Spring Association of Pitts- *
burgh.—V. 161, p. 1418.
? ■
'
plates
spring
$
,
Named in
,
the nation's
of
Ten
131,249,434 135,447,961
———_
-
Co,—Ten Companies
Trust Suit—
1943:
1944
Assets—
Cash,
subsid-
resulting
• 4
"
1944
years
will
the
,.
,
Total
Comparative Balance Sheet, Dec. 31 (Parent Co. Only)
Total
income of
themselves of
calendar
with
interest,
1961,
official
In
622,989,174 615,430,288
161, p.
to
only
122, p. 3344.
1,689,209
through December,
1944, respectively,
$9,125,443
pfd. stock——.
income
Net
Divs.
1, 1980.
1,
issue
.
between
1952, have been called for redemption on. July 1, 1945, at 100 and
Payment will be made at The City National Bank & Trust
Co.,
above
Radiotelephone service between the United States and Great Britain
Was again available for general public use beginning June 23, accord¬
"i interest.-
—-
27
the .company
announced
new
-
Amort, of debt
The
V
1,555,777
Union Building,
first mortgage
availed
:
Pro¬
Glacier
$175,000,000 Debentures—
June
accrued
Service
.
Calls Bonds—
All
thereof
23,
the company offices, 195 Broadway, New York
City.
1,980,486
35,562,300
—
-
of.
Oct.
of 1944.—V.
951,177
923,240
894,125
As
equity in assets of subsidiaries con¬
over
of earned surplus.—V.
American Insurance
$10,850,365 $10,304,730 $10,223,801
—
—
Interest on debentures—
subsidiaries consolidated
♦In
solidated exclusive
240,873
630,282
36,502
253,941
633,981
259,608
.
1,484,078
consolidated-
—
due
amount.
the
25,587
586,574
—
funds
105% 'plus
tures
153,688
:
•
L————
—
at
26,456,936?
202,330
—.
Total
-
5,027,569
-
Capital surplus (paid-in)-
of
1944.
92,302,298
23,956,936
1,953,141
par)
Earned surplus—
$11,220,432 $11,131,460
$11,783,905
—
general expense
4,639,293
102,089,674
preferred stock, subsidiaries-
on
have
Covering the proposed issuance and
163,000
750,574
of subsidiaries
stocks
Premium
$11,750,399 $11,184,263 $11,094,586
16,893
17,240
17,493
16,613
18,930
19,380
indebtedness of jt. facil. cos.
on
Preferred
filed
company
.
661,730
accounts—
($10
stock
Common
1942
The
376,925
192,000
_
($100 par)
operation
such amortization
that
tion Statement for
1,496,013
—
preferred stock
facilities
December,
correspondingly less.' On
substantially the same
in 1945 as in 1944 and that the results thereof can be
applied in equal
monthly amounts/Federal taxes In the above statements would have
been $1,700,000 and $1,200,000 greater in the 12 months ended Feb.
28,
1945 and 1944, respectively.—V. 161, p. 2550,
29,198,779
88,329
aid of construction
cumulative
4%%
-1,490,453
30,582.994
75,901
reserves—
Contributions in
Only)
Co.
1943
1944
consolidated-
from subs,
Income
(Parent
Income
12 Months Ended Dec. 31—
doubtful
Miscellaneous
date
to
up
for
Reserve
the evidence offered by it at
the hearings in 1940, and after the conclusion of such testimony the
hearing was adjourned subject to the call of the trial examiner.
designed
testimony
of
of
and net income would have been
other
.
• reserves—————I————!
._
March
On
related
end
greater in, the
$1,100,000
debentures due Aug.
stock.—— :
plant and/or dgpr.res.'
Reserve for amort, of elec. plant acquis., adj.—
War emergency facilities—
above named.
and
spectively,
1,252,713
accrued' liabilities————
—
results
*
and
the
subsidiaries
158,066
..
adj..of .utility
Possible
the
of
8,324,775
580,804"
.
liabilities—————r— —-L-—---•
Deferred credits
Light Co. in income
special amortization of emergency facilities in computing Federal
on income.
If such companies had deducted normal
depreciation
such-facilities, Federal taxes would have been approximately $1,700,-
0C0
1,074,716
392,500
stocks
preferred
&
includes approximately $400,000 and $325,000
operations of such oil production properties.
1,078,407
.
on
current 'and
Other
Contractual,
of
as
the
202,876
———,———-
preferred
on
includes
7,968,000
—2
accrued——_
Dividends
the
Radford Limestone Co., Inc., Franklin
deposits—
28,
American Telephone & Telegraph Co.—Files
Interest- accrued-.—
Taxes-
City Electric Co., Deepwater Operating
Atlantic
payable,
Customers'
Branch RR.,
T———
general——■
joint facility companies-
payable,
Accounts
Feb.
approximately $780,000 and $1,095,000 result¬
properties
sold
were
..the assumption
26,370.000
25,350,000
206,483,500 206,000,000
debentures—^-
debt———
funded
ended
stock
common
The above state¬
through No¬
1945 and 1944, re¬
.
622,989,174 615,430,288
——
Electric Co.
&
Gas
the
in
company
taxes
-on
448,716
.
822,747
-
of
21,109..
790,827
6,022,213
1,364,837
2,045,439
1,209,574
1,676,942
425,467
——
——
—————————
American
Windsor Coal Co.,
Co.,
in progress
Subsidiaries'
Southern Ohio Public Service Co.,
Wheeling Electric Co. and American Gas and Elec¬
tric Service Corp. (,to the extent of performing services for the above
-named companies),, might be retained under common control under
the
standards of Section
1Kb)
(1) of the Public ■ Utility Holding
Coal
House
.
expense—
includes
production
Co.
Certain
...
.
the 12 months
that
of
iaries"
the
1,028,981
955,892
58,670
401,539 '
5,611,0.48
premiums
>
"
& Michigan Electric Co., KahaWha Valley Power Coi,
Kentucky & West Virginia Power Co., Inc., Kingsport, Utilities, Inc.,
The Ohio Power Co., Beech Bottom Power Co., Inc., Windsor Power
Twin
(not current)—
receivable
discount and
578,905
.
interest
December, 1944,
operation
■1944:.
For the 12 months ended Feb. 28. 1945 and
the "net equity of American Power & Light Co. in
Liabilities—
of: Appalachian Elctric Power Co., West Virginia Power
Indiana
Co.,
8,897,585
9,248,505
assets——————
Other deferred debits—
that the properties
be
which conclusions would
of
the effect
9,530,729
9,553,522
deferred—
Retirement work in progress, electric plant——
6,
and operations
annuity
Group
with respect to
clusions,
debt
Unamortized
inclusive, the SEC
1943,
2,601,501
—-
accrued
Accounts and notes
1945, ordered that the hearing which was begun in 1940
such status and to the plan of the company filed with
said Commission in November, 1938, be reconvened on March 6, 1945,
Said order recited that the Commission had reached tentative con¬
Feb.
on
13,933,778
taxes, rents, etc.————w— ■/''
Prepaid insurance,
current and
the determination of company's status, under Sec¬
Utility Holding Company Act of 1935 mentioned
to
—
oil
statement
13,281,837
supplies—
and
Materials
The
duction
34,611,884
Special deposits and working fund
Temporary cash investments—
Accounts and notes receivable
the Public
11 of
14,253,832
31,238,768
462,882
:
For
Light Co.'s
sold in
of
ing from operations of that company.
5,974,600
4,409,874
—;
accounts—
time deposits
including
Other
Integration under Public Utility Holding Company Act of
With
tion
.■.——-—.
_■
contracts uncompleted——:
and fund
Investment
Cash,
investment
of
excess
Construction
debentures and subsid¬
its
of
♦Net
&
was
results
"net equity of American Power
the
subsidiaries"
of
Co.
the
1944.
spectively,
1943
Power
Power
includes
vember,
"
.
517,532,984 521,117,196
10,910,927
6,321,437
plant (inch.intangibles)
Utility
ment
^
$
Assets—•
paid off $1,516,500 of their notes payable to banks.
iaries
31
securities and-accounts eliminated)
(Intercompany
\
common
the merged
of
Note—American
of Nebraska
;
Comparative Consolidated Balance Sheet, Dec.
"
stock
company and a decrease of $2,434,414 in its investment
in 6% preferred stock of Indiana General Service Co. surrendered for
cancellation. In connection With the merger program, Indiana General
Service Co., also redeemed the 15,364 shares of its 6% preferred stock
■outstanding with the public, and Indiana & Michigan Electric Co., after
assumption of $6,500,000 of Indiana General Service Co.'s 3V4% first
mortgage bonds by operation of
the merger, redeemed said bonds,
The merger of these two properties creates a strong company with
Improved capitalization as well' as improved and simplified operating
Co,
the war.'
after
Early in 1945, Indiana General Service Co. was merged into Indiana
a further step in corporate simplification of
Jh Michigan Electric Co. as
the question of such disposition. .The pto rata amount thereof ap¬
plicable to the 12 months ended Feb. 28, 1945, is $1,513,046.
on
subsidiaries
and the balance will be refundable to
of debt retirement,
credit,
1942 credit as a result
$775,116 of the 1943 credit and $578,028 of the
by Indiana & Michigan Electric Co., and the former company was
sequently dissolved.
Monday, July 2, 1945,
•
4-:
'
134,638 4
121,821
^
S.
and
Provision
for
t27,339,069
♦29,387,233
37.000.326
2,000.000
.3,000,000
4.000,000
159,838
282,830
320,802
31.423,129
33,760,801
36,464,030
21,685,845
: $3.89
21,685,845
$4-20
contingencies—^.
share
Minority
and
income
foreign,
profits taxes (est.)
income,,,,,...—
income-__4-_-_,».
Consolidated net
136,987
:4 198,378
—-——
.
U.
S.
certificates.
Treasury
receivable
Accounts
Interest
from
2,200,000
—_
subs,
consol
Preferred
18,180
159,825
161,028
dividends received from
Deferred charges
——'
-
—
receivable———
subs, consol-20,509
442,217
1,824,242
1,976,495
1—
—
'
.
Total
——
Liabilities—
Funded
general
Accounts
payable,
subsidiaries
Taxes
accrued
Other
deferred
Reserve
4%%
premium
for
consolidated
debt
on
taxes-:
($10
Capital surplus
1—
168,991
177,850
179,776
(paid-in)-
44,072
.5,347
4 35,562,300
35,562,300
44,827,370
44,827,370
———
—
161,
surplus
1,175,942
1,175,542
l
L—.
quarterly
a
payable
36,891,761
-
American Power & Light Co.
Period. Ended February
——i——.
-''i
$
1
36,858,089
Operating
Operating expenses
i
144,940,436 145,813,918
Operating revenues—
1943
$
$
.'
'
35,067,127
revenues
-
13,426,60L
■
tFederaL taxes
Operating income
94,513,497
Other income (net)
4
1942
$ 4
2,399,509
taxes
reserve
.
Net
Income
i
—
deductions
Balance
of
record
(& Subs.)—Earnings—
266,523
4. 256,334
23,686,342
9,560,473
85,369
.10,215,895
■■.,•>■/.'•
9,645,842
3,736,104--.4
4,078,042
Amortiz. of plant acqui.
sition adjustments
to
8,125,893'
7,683,043
2,937,886
public and nther
(net)
Dividends
Undis.
preferred stocks
on
on
of
subs,
16,098,809
40,505,687
- 363,461
39,936,399
418,709
^
.
3;884,099
3,884,098
10.566,492.
9,764,698
Income
of
net
consol—
2,281,416
2,450,013
2,491,482
income,
Amer.
Gas
&
as
above
Elec.
Dividends
Dividends
on
2,281,416
.
2,450,013
2,491,482
on
bonds,.
Interest
on
10,566,492
9,764,698
,627,719
433.693
649,978
649,978
477,150
477,150
292,437
36,170
36,874
14,065,321
13,670.445
13,622,942
933,541
915,701
13.131,780
12,754,744
12,715,284
1,042,645
—.
1,070,912
1,098,358
Exps. and taxes of Am. Gas & Elec.
Consolidated
Inc.
Consolidated
Divs.
on
Amer.
net
income—_
12,089,136
11,683,832
11,616,925
Other
1,689,209
1,689,209
1,689,209
10.399,927
9,994,622
9,927,716
8,067.700
7,619,243
$2.32
common
stock
$2.22
$2.21
$8,006,386;
1943,
dividends,.
♦Includes:
Federal
$7,716,124;
$11,860,532;
share
income
Federal
taxes,
excess
1944,
profits
tax:
1944,
$7,770,179;
$12,231,157; 1943,
amounts
of
Federal
excess
«f
$1,372,076
for
1944,
$1,321,175
-
other
for
tax
have
been
reduced,
for
1943
and
$1,049,785
in
by credits
for
1942.
36,571
264,919
110,213
3,853,088
17,992,146
.132,775
123,430
446,919
18,151,028
461,172
554,677
583,013
2,277,287
105,778
310,130
deducts,
earned
dividend
or
-
■
2,542.256
345,104
4,270,234
3,040,867 *14,957,810 *14,802,496
applicable to respective periods whether
result of non-recurring deductions allow¬
unearned,
tAs
a
able for Federal income tax purposes in
1944 of Florida Pow. & Lt. Co., "net
connection with the refinancing
equity of Amer. Power & Light
subsidiaries" is approximately $1,300,000 more In the
12 months ended Feb. 28, 1945 than it would have been except for such
benefit.
tCharges against surplus ^^subsidiaries of the company to
provide for the disposition ol plant adjustments and plant acquisition
adjustments included amounts of $875,374 anq $659,531 applicable to
in
in
income
of such
1945
1944,
companies earned in the
respectively.
The
above
adjusted to give effect to such charges.
12
months ended
statement
has
Feb.
not
28,
been
by
for
$1,815,655
leged profits
18,765,106
1,813,262
4,400,000
14,844,402
36,456,843
884,226
7,288,643/
1,815,198
—_™./ 6,400,000
/—
14,001,101
payable
wages
-
34,755,787
taxes
Deferred
4,701,326
3,900.256
agencies
1
compensation insurance™
contingencies
Accrued
credits
728,573
income—
to
J
.
———_
government
129,266,938 119,529,654
Surplus
Total
-
——
deducting
in
for
reserve
depletion
tAft*r : deducting
1943.
631,873,396 635.111,717
$2,691,811 in 1944 and
reserve
for depreciation of
of
161, p. 2437.
$21Q,720,730 in 1944 and $199,494,185 in 1943.—V.
•
■
V
Ampco Metal, Inc.—Earnings—
>
Net;sales.
Cost
of
Statement
for
—.•
20
Weeks
Ended May 20,
—
.
702,798
Sales, general and administrative, expense———-
Other
from
——
$1,889,446
—————.—;
operations
income
—2—
—
1045
$7,918,910
5,336,666
—■
———
sales—.
21,231
—
•
,
Total
Other
income—
charges
Provision
for
$1,910,677
——l—
■—■'—------
87,574
income taxes___——
1,617,132
—
renegotiation tand
earnings
Profit
to
Dividends
Earnings
■
before
earned
declared
per
post-war refund
construction
(earned during' 1944) in the amount
elimination from plant account of al¬
and
engineering
fees,
pending litigation
Assets—Cash,
ceivable
excess
(net),
;
205,971
—_
80,036
——
surplus.
;
share-^
Sheet
:
—
—
—
—
common
regulatory'authority, Florida Power & Light Co.
to provide for the
on
Net
J?ost-war tax refund
Balance
has restricted and retained surplus
of
■
433,716,900 453,716,900
of
net income
and
——
requirements
Pursuant to order of
profits
*121/249
taxes
tBalance surplus
♦Full
'
"
workmen's
Profit
^
4,344,975
■
■
Income
1942, $9,594,024.
accordance with the provisions of the Internal Revenue Code,
18,040,815
117,727,227'
76,729
■
—
and
4,402,993
031,873,396 635,111,717
—
-
—
Accounts, and
tl7,727,227 ^18,040,815
5,034.415
income
Income
56,182,650
&
Total
Expenses
502,405
43,490,686
■.—
—
—
-
$2,569,990
3,816,517
Co.
8,067,827
earned for
Earnings per common
The
& Elec.
——
Balance
1942,
Gas
pfd. stock of Amer. Gas &
Electric
Common
inpome-—-~—
gross
deducts, of
Advances
-
-
3,816,517
Int.;
- .
854,794
73,713,519
752.246,530
(current)—
securities——™
by minority interest—
J
907,658
——
Total'
-co.
4,913,166
Power
I
stock
KAfter
Light Co.—*
Net equity (as above)—
4,913,166
339,739
————_
—
of
jn income of subs. '
30,740,176
consol.
not
Capital stock and. surplus of consol. subs, .owned
'•
4,321
6,242,845
31.617,303
27,565.742
res.)
.
477,150
273,064/
advances————„
income
equity
subs,
of
Canadian Govt,
;
:
tNet
;
mi-
interests
'
27,910,966
less
Liabilities—
7,101,065 ;/
,
$
6,366,319
i———-
receivable-(trade,
1
Capital
46,756
:.
33,506
Interest
Other
37,609
to
applic.
American
stocks—!
common
12,308
Co.
preferred stocks——
on
/
'18,087,571
nority
K/rK:-
subs, consolidated:
from
17,764,836
Portion
—-i
—
assets
Res.
3,828,825
public.-..
'
$
———
Total
726,110
6,020,727
to
:'K;
.4,4 1943
1944
water
claims,
and notes
and
S.
Other
9,627,719
Ampr: Gas. & Elec. Co, St Subs. Cans
Undistributed
U.
23,785,563 '25,188,636
1,738,975
divs.
k;4
manufactured products:
Indebtedness
Res.
5,567,800
♦Pfd.
31
.
mining
process
Accounts
<7'f'
15,680,512
15,843,435
Dec.
Finished
40,869,148
,40,355,108
6,329,244
1.411,757
16,003,299
—3.669,317
stocks
common
net inc.
16.517,225
In
11,743,945
*.
r'
150,5474
__
Balance
11,418,665
1
,
Consolidated Balance Sheet,
4:-4/}
/4:4,
...
K'
v
1
and
Metals and
1945—12 Mos.—1944
Balance ; ————4,917,487
Dividends
4_
'
.
122,221
income
Gross
23,430,008
24,224,702
9,100,345
—i——.
payable.
■
excess
—
i v
$
10,093,674
(net)____
Int.
.
25.617,570
—
cents, per
15
holders
to
4-vV''';-;,>/'' 4 $
36,835,079 139,236,729 136,786,865
-14,664,862
54,727,396
52,784,168
;. 7,278,764
23,119,348; 21,674,860
2,393,094
10,034,921
10,078,205
■■■•'
'2,636,180-
revenues
income
4 deductions
income
Gross
deemed
is
Cash
approps.
oper.
Other
81,201,111
23,958,178
320,884
,
—
-
87,883,004
25,296,686
—-
6,511,163
111,841,133 104.«31,118
119.810,183
——___
♦Operating exps. (incl. taxes)
12
P«rop. retire, and deplet.
1944
Subsidiaries Consolidated!
dividend-of
1945—3 Mos.—1944
-
Subsidiaries—
»
Consolidated Income Account
Calendar Years—
July
"
Other
Total
net, after
Mines
of like amount was made on March 31,
2550.
p.
j
Earned
stock,
.
lights, etc.— 259,980,994 259.695,773
3,717,417
♦Timber lands and phosphate deposits
3,603,266
tBldgs. & mach.- at mines, .reduction yorks, etc. 103,617,438 111,829,446
1,001
Patents
1,001
33-391,864
Investments —
————————31,652,233
18,765,106
Funds- provided by govt, agencies
——.7,288,643
9,421,954
Deferred
charges
—K
8,686,718
25,159,112
Supplies on hand—_+——————
23,982,241
;
3,701
—
par)——,-
declared
common
An initial distribution
last.—V.
——
($100
the
on
June-30.-
—
par)-,
have
directors
4 share
164,806
•
—
—-
The
656,459
v,?;..
profits tax,
deducting credit for post-war refund. tNo excess profits tax
>
American Phenolic Corp.—To Pay 15-Cent Div.
!
—-
659,410
—
——
stock
stock
81,657
liabilities
credits;
preferred
Common
-785
—
accrued
,
.
21,685.845
$3.62
-_1
share
Assets—
26,370,000
10,425
——_
,
—
Other current and
Unamortized
25,350,000
..
payable,
.
paid
per
♦Including $4,500,000 provision for United States
f
'
debt—
Accounts
*
144,940,436 145,813,918
—
Dividends
Earnings
*
as
$286,0077
59,0677
$0.59*
of May 20, 1945
$1,872,831; short term bonds, $10,000; accounts re¬
inventories, $1,984,930; post-war refund oi>.
(after reserve for depreciation
$934,577;
profits tax, $622,036; fixed assets
liiabilities—Notes
payable,
liabilities, $540,524;
(after
taxes
and
S.
U.
bonds
Treasury
and
stock
mon
C. J.
;ft/ft;.?ft:ftft/::'■ ;:ftftft *'.
Zaiser,. President,states:
com-.1
Net
Nt
?V ■'''■ //
:
V-E
The
—V.
income
.'•/,/ft
ft
ft, A: ftV
revenues
expenses
—*
,
534,747
railway
297,582
income—
"*ft'ft!:/ft ft/,.,/,''
"ft/ft::
161, p. 2437.'-
'
7
*/' '.''ft.'" '-'
ft -V ft
ry.
ft.
2438.
.ft
,
Commonwealth
above.—V.
Co.—Plans
Cork
Armstrong
•
Utilities Corp,
161,
ft
458.
p.
'ft/ft'/ .;f
Prentis
of directors
President,
Jr.,
board
June 27.
on
"
j.
24,074,208
accruals,.
rents (net.)rents (net)
5,806 938
4,220,523
612,651
815,216
136,408
163,165
income-
4,307,128
4,061,413
19,199,226
—
351,685
473,235
1,912,343
2,421,486
4,534,648
92,529
2,288,677
21,111,569
21,482,000
400,920
11,508,108
tax
lacility
'
Net
oper.
ry.
Other
Of this amoupt,, the company proposes to issue 161,522 shares, 52,994
shares to" refund the presently outstanding 4CM
cumulative convertible:
155,500,652.
113,943,063
21,163,872
18,997,640
2,677,231
2,686,717
609,602
812.718"
revs
expenses-
Equipment
Jt.
"
$
$
33,359,089 160,360,254
24,068,772 116,510,323
oper.
■"Railway
the
of
meeting
a
1945—5 Mos.—1944
1945- -Month—1944
34,937,333
oper.
Railway
Fhilway
250,000
....
following
ft, ft
■
May Earnings—
S
on-Sept. 5'will'be asked to authorize an issue of
shares of tew cumulative preferred stock, it was announced
H. 'W.
by
-",:ft"ft/
■<
ft
ft:
stockholders
250,000
.ft
2551.
p.
ha's been elected a member;
with the corporation for 26
Tapee, Assistant Treasurer,
of directors.
He has been
A.
board
the
Perlod End. May 31—
Authorize
to
i
$7,370,976
Austin, Nichols & Co., Inc.—New Director—
.
161, p. 2438.
Shares of New Preferred Stock—••
The
below.—V, 161,
of California,"
"Standard Oil Co,
./Joseph
Arizona Power Corp.—To Be Merged—
See
to
—.
$4,479,576
$1,412,197
.
ft
Atlantic Refining Co.—Purchases Three Tankers—
See
-
years.—V.
-
$650,784
income
oper.
—V. 161, p.
'ft
;
•
" —I
Net
<
,
-
Baltimore & Ohio RR..
prepared
—
.
.
2,105,779:
479,179
182,109
2,458,292
735,131
385,288
1945—5 Mos.—1944
—
Operating
''.ft'
-
,
2,438,085
572,186
286,221
2,536,506
railway.
.
handle a volume of peacetime business far in
excess
of prewar levels.
' ■
v
Many departments of the plant are being rearranged to improye
operating methods and to gain greater efficiency.
Our Weldrod line
is being expanded, welding tips,'-welding wheels-and" precision eastings
are being added to
our Jist of products, and improvements are under
way in our older lines. ■ Company will continue to fulfill its wartimeresponsibilities and its management looks forward with confidence to
the approaching post-war era.-*-V. 161, p, 1874..
* "ft
be
railway
oper.
1942
$435,075
109,192
41,726
1943
$541,073
189,278
97,654
1944
$502,232
122,748
62,845
1945—Month—1944
$12,453,276 $13,743,131 $66,711,700 $69,339,447'
8,958,596
7,845,175
43,677,083 37,906,940
Taxes
;
2,300,000
4,000,000
15,900,000 21.500,000
Eqpt. & jt. facil. rents,.
• 543,896
485,7o9
2,655,041
2,561,531
Operating
of
position is being maintained to endeavor to make the financial, struc¬
ture equal to any demands which may be placed on it during the
reconversion period.
The management is putting forth every effort'
to
Atlantic Coast Line RR.—Earnings—
Period End. May 31—
..
Y.—
N,
"
Arizona Electric Corp.—Proposed Merger—
See Commonwealth Utilities Corp.
V
'
ft/
V
capital*
of continuing to build up the company's working
policy
1945
$559,206
154,458
83,776
railway_.u—
Net ry.-oper.
additional cancellations may be received.
'•
York,
New
requirements for the prosecution of the Japanese war,
their
readjust
ry.
Net from
somewhat.
creased
Broadway,
/
.
140
.
orders
before
'
from
from
Gross, from
are being received at approximately the same level as...
Day, but cancellations and cutbacks of orders have in¬
It can be expected that,, as the Armed Forces*
ft New
Co.,
.
; From Jan. 1—
1944, shipments totaled $8,755,000 compared with'
the same period this year.
:; .ftftft ft//'':')/. / .' "ft /ft'.:. ft
for
Trust
1874.
p.
May—
Gross
v4; Through May .20,
$7,847,000
161.
the
—~
pari,
$957,437;
surplus,
at
Guaranty
Ann Arbor 2tR.—Earnings-
$1,166,523; paid-in surplus, $565,700; earned
total, $6,582,256. ..ft',
'/:;•/ >'/?■;'• /-'ft/ ft/
'/ft,-ft -r ■'''.'
($2.50
,
V.
cash of
post¬
$3,565,000), $204,846; reserve for State income taxes, $35,'417;
war reconversion,
$480,000; preferred stock ($10 par), $413,550;
the
at
from July 31, 1944, to July 31, 1945.- Payment'
office of the corporation -in New York, N. Y.,<
interest
made
be
or
$2,000,000; accounts payable, $159,142;
dividends declared, $59,067; reserve for;
accrued
renegotiation
Will
■
and
100
at
insurance, $3,802; total, $6,582,256,
cash surrender yalue, life
•
$1,090,503; deferred charges, $57,576;
amortization of $1,314,908),
end
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4399
.Volume 162
income
-
-
19,060,514.
.
Stock Offered—F.
Smelting Co.—Common
ft Apejc
S.'
preferred,- and
,
at $18.50 per share.
Transfer Agent, Conti¬
Illinois National Bank & Trust Co. of Chicago.
<par $10)
nental
National
T
American
Registrar,
Chicago.
-
•
Bank
*
.
Trust
&
of
Co.
Capitalization—At a meeting of stockholders-held on April-7, 1945ft
the authorized capital stock was changed from: 100,000 shares (no par)
common stock to 100,000 shares
($10 par) common stoek, and 2 shares
«f the $10 par common stock were Issued for each outstanding share
no
The funded debt and capital stock of the'
giving,
stock.
common
par
as of April 30, 1945, reflecting the above change and
to
the sale of 4,000 shares of common stock offered
company
effect
,
stock
Capital
f
note
serial
($10 par)
/
«
$340,000
100,000 shs.
.
;ft
the
$4
and Business—Company was incorporated in Illinois Janu¬
ary, 1923. and began operations in a leased plant at 2554 West Fill-,
stnore
Street,
Chicago.
Business originally consisted of secondary
smelting of aluminum alloys from scrap.
In October, 1924, the com¬
pany commenced the manufacture of zinc alloys' and in November,
1941, added magnesium alloys.
.
ft. Company manufactures aluminum alloys, .zinc-base die-cast alloys,
and magnesium alloys,
as well
as an
aluminum fluxing compound;
which > is
sold
to
aluminum
alloy
consumers.
The
company
is
Scnown
as
a
secondary smeller of' aluminum "and magnesium alloys'
in
that
its
operation consists
of converting aluminum and mag-ft
iiesium plant and obsolescent scrap into ingots and other, shapes.
The
scrap
is melted in
furnaces and oxides and certain impuri¬
ties
are
removed.
Required
quantities
of" virgin
base
metals
History
ingredients are added, including copper, silicon, zinc,
non-ferrous metals.
Company purchases its scrap,
country-wide basis from about 500 regular contacts which the
other
has with manufacturers and scrap dealers, v...--.
... ft
Purpose—Company will receive $16,175 per share or a total of
$64,700 for the 4,000 shares of common stock now offered.ft The pro¬
ceeds will be added to working capital to be used for any purposes
7
desirable by
,V
•
>
■
of directors.
board
the
*
-
(
Comparative Income Statement
*
3 Mos. End.
■
-
Net sales'
$2,516,802
„
goods
Selling
sold
_
expenses
-
"
6,233,967
ft 148,387
266,455
187,506
$1,290,369
$987,726
$516,528
10.869
55,403
31,064
9,349
normal
and
tax
acquire
51,600
exc.
Net
(net)
profit
—
47,019
837,000
639,000
309,070
126,000
53,130
given, the
assets
company
Indiana
of
further
a
Utilities' Co. "
Gas
The
' :•
to
extension
Associated Gas & Electric Co.—Weekly
The
of
trustees
electric
*
ended
June
7,033,589
$99,194
$220,465
$206,031
$151,089
19,867
80,988
40,076
37,585
$139,477
$165,955
$113,504
817,467
ft
677,989
512,034
398.530
$677,989
$817,467
$896,794
$512,034
amounted
5:5%, over the "corresponding
kwh., "•or
NOTE^—For
' '
in banks
and
Cash,
on
C.
position
■
-■>//,,
—
of
week
last
doubtful
inventory
—
—_
(net)
assets
—
—
charges
Total
—
—
—
assets
Deferred
ft-
•
—
—
-
—
541,526
417,327
535,410
267,220
49,700
$3,355,388
422,510
329,201
530,659
242,682
45,523
$3,051,164
Liabilities—-
Case—
year,
Fixed
is
it
reasons
not
against
Federal
i
deductions for
purchases
Peserve
for fire loss
and
Profit Sharing
Peserve
annual
bonus
for
income
i
sundry" itams
Due to Apex
•
Associated
The
directors
of
.
Ask
Rehearing
in
Anti-Trust/
profit
Press will be filed
announced June 27.
ft
case
Court,-
with the "Supreme
-
filed on or before Sept. 1. in connection with"
decision affirming a lower court verdict.
directors made public the following statement,
ad¬
The
of
board
dressed
members
to
of
the special
Associated
The
Press:?.
12.544
274,524.
52,070
an"
is
ft
advises
that
the
of
affirmance
••
the. prevailing Supreme
court
without
below
the
of
and
board
the
'*
-
■ •
should
hearing is
Court
ft
"As
for
of
best
-L'ft
opinion, counsel has advised,"
agreed, that a petition for
have
be
estimate,
can
that
means,
in
rehearing should be denied,
would
the mandate
the special court
to
down
come
U.
Net balance
—
to
the
if
membership
member
he
from
161,
the
or
on
event
the
sharing
fund
"Unadjusted
amendments
-
desire.
p.
his
-This,- however,
right of petition
2782. ft
29,909,929
accruals-^. ♦ 15,614,963
debits
756,078
stock
Paid-in
surplus ft—ft-
/Earned
surplus^
9,822
10,082
in
,
months
70,750
126,000
126,000
300,000
300,000
391,720
149,500
46,612
149,500
896,795
817,468
Dr64,700
Dr90,580
$3,355,388
$3,051,164
161, p. 2782.
L,
company
has
called for
debentures due
redemption on July 31,. next, all of its
June 30, 1951, and due July 31, 1953,
-
serve
as
stock
the
8,080,135
8,782,724
.ftftft-
ft
161,477'
161,477
-
-
'J
?
,'ft
$45,159,240 $42,221,129
Earnings for May and Year to Date
-
1945—5 Mos.—1944
1945—Month—1944
$630,366
$670,413
$5,397,918
$4,515,574
525,327
487.376
Railway
tax
accruals™
76,140
101,637
3,131,554
1,590,569
2,594,013
1,178,514
Railway
;>'•••/
» ft
—
income
$81,400
$28,899
34.211
ft
29,727
)
ft"
i
a
24,453,04.3"
..
(net)™—
oper.
income
ft
revs.™
oper.
••
Rent,
ft Net ry.
oper.
CD -3
1
ftD
O
^ -4*
..
$111,127
59,242
2,967
2,460
16,379
$66,877
$113,607
45,775
47,809
$802,289
$661,391
$63,110
income-
$743,047
1
"
Other income
(net)
14.434.
/'ft:
f
20,231,444
Income
ft "• fixed
available
for
charges
$677,770
ft
$.816,728
"
fixed
Total
charges.—
■:
229,073
.
income
-Net
—V,
161.
p.
$443,697
$65,798
$20,302
241,467
*
i
'
$575,256
2438.
1945, include $13,363,000 Federal income and.
ft
with $9,702,000 in 1944, and for the
1945, include $56,038,000 Federal income,
31,
same
period
?
Bankers
The
on
will retire July 1.
Mr. Davis will continue to
of Atlantic Coast' Line RR., which owns all the
RR.—V.
161, p. 2438.
Securities Corp.—$2.50 Accrued
directors
on
outstanding
.the
June
21
declared
participating
a
dividend
preferred
stock,
of
Dividend—
$2.50)per
par
share
payable
$50.
July. 10 to holders of record June 20.
This eompares wilh $2 per
share paid on Jan. 15, last; $2 on July 15, 3944, and $1 on Jan. 15„
1944.
Arrearages as at. April 1, 1945, amounted to $29.25 per share.
who
B. & C.
653,882
expenses-
$
taxes compared with $49,913,170 in the
President
of the A.
967
5,226,021
653.882
—
surplus
•
4,371
5,707.607
,
.ft
:.
™_^
;
61,197;
46,743
-ft
-ft:
^ft
6,577J
1,366,253
2,113,439
-ftftftft
___ft—
surplus
65,492
5,650
oper.
161, p. 2655.
Bugg
280,335
97,822
-
accrued™.
credits
surplus
-;
Davis, Vice-President, has been'elected President to succeed
McD.
B.
293,705
/-"' 241,917
unpaid
ft.™-ft--
compared
May
29.645
267.525
518,864
ft?
Railway
161, p. 666.
■>.. ;.ft./.;.ft
Barium Steel Corp.—Expansion by
•
-This
/ft
*
■' ft
Subsidiary—
corporation has acquired control of the Erie Bolt & Nut Co.
Inc.,
Atlanta &* West Point RR.—Earnings•'
May—
1945
$499,186"
1944
"1943
-
36,876
$515,278
211,717
36,542
railway
2,313,626
2,331,373
fronj railway—
749,342
809,367/-
156,853
161,370;.
Gross
from
from
Net
ry.
railway-
railway
oper.
income—,.
187,287
1942
$425,940
$316,823
182,307
129,295
38,973
Net
t
Net
—V.
from
ry.
oper,
161,
p.
income
2438.
-■
51,798
2,121,820
1,379,866
962,770
ft
206,199
478,294
-
165,253
of
Seibert, Editor
Publisher;
Monday/. OtherReentered
$26.00
of
Australia
Africa, $31.00
(Reg. U. S. Patent Office) William-B. Dana Company, Publishers, 25 Park Place, New York 8, N/Y., REctor 2-9570.
Plerbert D.
and
William D. Riggs", Business Manager.
Published twice a week [every Thursday (general news and advertising issue) with a statistical"issue on
111. (Telephone: State 0613); 1 Drapers' Gardens, London, E. C., England, c/o Edwards & Smith. Copyright 1945 by William B. Dana Company.
as second-class matter February 25, 1942, at the post office at New York, N. Y., under the Act of March 3,
1879. Subscriptions in United States and Possessions,
per vear; in Dominion
Canada, $27.50 per year; South and Central America/Spain, Mexico and Cuba, $29.50 per year; Great Britain, Continental Europe (except Spain), Asia,
and
per year.
NOTE: On account of the fluctuations in the rates of exchange, remittances for foreign subscriptions and advertisements must be made in New York funds.
The Commercial and
William
Dana
offices:
135
S,
Financial Chronicle
Seibert.
President;
La Salle
St.,
Chicago 3.
of
through its wholly-owned subsidiary, the Clyde Iron -Works,
Duluth, Minn.," according to an announcement on June 27.
The'acquisition of the Erie company is another step in thq post-warprogram of Barium Steel to broaden its activities in correlated linesof production.
Negotiations are pending for further expansion through
acauisition or merger with other companies.
'
The
Erie concern,: which is operating at full capacity, is one of
the principal -suppliers of special alloy bolts,'studs, and related prodyets to- manufacturers of railroad and farm equipment, oiiplane pro¬
ducers,: construction companies, gasoline plants, machinery, rubber,
and other, businesses.
Its present management and personnel will be>
reetained intact, the announcement said.—V. 161, p. 2551.
:
Erie, Pa.,
From Jan. 1-—
Anderson, Clayton & Co.—Calls 4% Debentures—
;_ft_:
payable™
payable
deter
not
Atlanta, Birmingham & Coast RR.—New President—•
C.
Col.
Gross
outstanding 4ft
ended
1944.—'V/
Net
—
taxes
7,089,600
14,726,000
139,571
2,000,890
Congress/
should
42.493,579 229,435,324 200,415,589
25,982,809 136,551,584 118,812,307
11,928,626
66,988,194
60 455,340
518,163
1,442,503
916,498.
4,063,981
7,089,600
13,851,000
„ft.
wages
unpaid
f.TV
—V.
~
998,950
and
accounts
$3,828,000
$3,828,000
stock
(Cr)^_™
liabilities
Appropriated
702,742-'
$45,159,240 $42,221,129
—_:._„_™--
balances
Period End. May 31—
.47,505
50,000
ft-
—ftftft——
month of May,
profits
excess,
5,803,183
income-
oper.
and excess profits
Capital stock reacquired and held in treasury-
-ft-ft-
ry.
For the
five
408,382
1—
—
Net
28,773
1,040,842
ft_—
tax
Earned
.v
s
573,219
—™__„ft_—ft—^
interest
Unadjusted"
724
907
ftft
convertible preferred
matured
Unearned
6,769
;
ftft-^^-.—
.
matured
Deferred
2,888
2,677
liability
.ftftft.
current
liabilities-™—
Other
927,405
9,021
.
accounts
,
78,979
333,967
1,182,655
ft——-
car-service
and
Accrued
,
•
ft
52,090,153
210'
18~4.808
1,570,637
and conductors™
Long-term- debt
counsel.
to
376,451
-
order of the Supreme'
or, about Oct. 20.
with
365,000
403,792
,"ft
stock
Common
;
1,244,889
1,165,000
ft
;
ft
—
cumulative
5%
Dividends
petition''
1943
1944
$38,467,135 $38,181,106
—-ft
debits
Unmatured
is.the appropriate agency, as such,
appeal for relief from the court decision
s
"JRailwav tax
31
Bee,
etc
-2ft
Interest
(Incl. Gulf, Colorado & Santa Fe Ry., and Panhandle & Santa Fe R.v.)
ft Period End. May 31—•
1945—Month—1944
1945—5 Mos.—1944
14,250
and
assets
Railway
Other
2.17
receivable
assets
current
Other
Miscellaneous
Atchison, Topeka & Santa Fe Ry.—Earnings—-
Railway operating revs.'
Railway
oper.
exps
2.96
334,950
Sheet,
Balance
agents
from
rec.
receivable
Interest
that it
any
,-may
such
exercising
elects."*—V.
so
of
not feel
Congress
present 'to
60,000
Fund—-ft^ft'ftft-,
2.67
—
does
$843,109
334,950
notesftft.——
Miscellaneous, accounts
Material and supplies
Audited
.-
board
718,309
$1,221,744
earned-
• -;; "ft./';-' ft
and equipment,
- -
Treasury tax"
S.
Traffic
"Oral.argument, is not permitted on petitions for rehearing, so that
petition will be submitted on the record heretofore made uius"
such
alleged errors in the prevailing opinion as the petition may
raise.
ft'/'
ft*;-"'---ftftftftftft • ft
"In the event the petition is denied, it will be necessary to amend
the by-laws of the AP to conform to the-decision of the special- court.
"The President, with the concurrence of the board, has been author-,
to- consider the 'form
621,945
$947,421
-—-ft.
road
in
Liabilities—.
that date the mandate or order of the Supreme
out its decision is further stayed until 20 days after
the Supreme Court on the petition for rehearing,
we
568,275
Total
filed by
carrying
$1,561,419
1,599,388
in
filed in the Supreme Court.
An extension of
time for that purpose has been consented to by the Department/of
Justice.
That extension expires on Sept. 1.
If a petition for re¬
rehearing
7,124.
9,268
$1,643,690
General
Court
change
-ft-ft'ft-ft-
•
committee
the
'■•''-''ft
prevailing
•
consideration
"On
and
;
$1,589,530'
20,988
$1,515,697
„ft
times
f
Deferred
-/■■■
committee in
decision... Counsel
decision
substance.
11,797
ft~ft—ftft-__
Federal inc. & exc. profits taxes—
'Capital
The
16,009
(Br)— '
Special deposits ft—
—-——
Loans and bills receivable™.
—i
will be
petition
150,885
taxes
general taxes and sundry—Peserve for .renegotiation of war contracts-."Unsecured iVz% serial notes—-
Total
$1,865,502
„
"
the Supreme Court's recent
12,200
Accrued wages,
-V.
62,793
274,249
5,228
:
dividends
"Assets—'■ -ft/ft
Press—To
40,000
payments
Peserve for
65,609
ft——3_——
charges,
Preferred
for rehearing of the Federal Government's anti-trust
The
board
the
■
bond
and
$1,262,936
charges—
charges...
income-
Fixed
always
ft;rft,,?.:/;;//
A petition
295,000
(current maturity)—ft—;
payable—trade
and State social security taxes
Accounts
Payroll
$1,528,455
income
gross
fixed
for
Available
'
Kote payable
Federal
1,038,381
$1,220,891
250,433
'
ft/ft/ft. ft/'"/'r ft'
mechanical
rents
Other deductions from
possible.
as
Associated
ft
less reserve for
Accounts receivable—customers,
•Other
$2,301,317
1,895,362
>ft.ft——
—_—:
and joint facil.
Equip,
Investments
any
Mar. 31, '45 Dec. 31, '44
$84,820
$471,407
1,459,386
1,009,181
Government securities
^Merchandise
$3,423,817
income
Gross
report that the
to arrange companies in exact alphabetical
However, they are always as near alphabetical
order.
that
Comparative Balance Sheet
Permanent
income
Other
.
&
Gas
1945,
22,
possible
end
surplus
hand
$3,958,864
2,737,973
—,
operating income
ft,
Equip, and joint facil. rents (Cr)__
Net
"The
period —ft
S.
1942*
$6,769,787
4,463,470.
$1,536,933
accruals
tax
Railway
Commission
.ft
ft ft
.
$79,327
ftftAssetSft-
$8,704,873
5,281,056
operations—
Net revenue from ry.
28*
.
"ft- 1943'"
1944
operations—expenses
Railway
the
paid—
earned surplus
Earned
9,572.972.
-
period in 1944.—V. 161,-
operations—revenue—$10,024,676
6,065,812-
Rail
Electric Group for the week"
to * 135,350,014 kwh.ft an increase of
Associated
; 161, p. 2782.>^ftft;;ftft0;ft-
—v.
ized
of
9,657,783
Federal income taxes of
1945
of
Comparative Statement of Income for Calendar Years
.
Rail
';
•
Aug.
Output--
Associated Gas & Electric "Corp.
the
of the
output
Court
ft
Balance
Previous
58,500
221,899
..
—
dividends
Cash
51,500
surtax
contracts
2,153,442
-
months
five
Bangor & Aroostook RR.—Earnings—
<•
annum.
ft ft:
/
ft '.
has requested Smith, Barney & Co., Kidder, Peabody &
all
t'he decision
income
profits tax—
^Renegotiation
of
war
'ft
-
$383,563
Federal
Fed.
8,866,220
299,739
6,185,995,
319,660
432,913
1,936,208
ft
84,237
ft ft; 112,793
$7,086,390
deductions met).' •
Other
1
$8,228,938 $10,420,141
ft
profit —ft/":
Operating
11,017,720
2655.
p.
per
has
SEC
Court
'
1942
1943
1944
.
Administrative expenses
r
first
the
$12,846,207, as against $10,987,955 in the same
charge of the Government ease and
the board.of directors have met with counsel on the recent Supreme"
Years Ended Dec. 31
—
Mar." 31, '45
of
436,066
T
a
ft ft '-ft?ftft;ftv.-
•"
2,414,547
-
in
^Includes
'
•Cost
.
2; 123,616
income
Net
-
.
and Mellon Securities Corp. to form a group of bankers to under-;.
the offering of the new prefererd stock.—V. 161, p. 066.
.
"Both
1 "
'
■
+
120,650.
deducts.
charges-—.
Government re¬
more extensive.
when
approved the transaction on. March 9, 1944.—V. 161, p. 2438.
company
deemed
regular products
its
conditions permit production on
Associated Electric Co.—Extension Granted—
1
alloying
and
share
per.
•
a
4,658,813
income
Misc.
Fixed
Prentis stated that "it is intended that the rate of dividend on ft
preferred stock will be not less than $3.50 and not more than
The company
to
ft
'
on
Total
$11,-
of
directors
titanium
approximately
of
new
The
the, company anticipate the continuation of its"
current dividend policy which is to pay total annual dividends equiva¬
lent to $1 per share on the $10 par common stock, plus such extra
year-end dividend as earnings and other conditions warrant. /
• *
and
fojr
other
and
basis -for-civilion-use."- v.ft Mr.
83,458 shs.
•
„
strictions
Co.,
as
depending on net earnings
to'$60,000" anhually,
$40,000
'Maturing
The
.
raising
■.
Outstanding
$400,000
'.
in excess of $100,000.
j
the
-
write
Authorized
*4y2%
is
ft'ftftftftft:
ft'./ft.'ft-ftftft'
follows:
.derqands
anticipated
ft
<0i
ft
share of new preferred will be offered in exchange, for-each of:
the. 52,9.94 Shares of the .company's,outstanding preferred, upon a cash
; One
payment to be determined by the board.
„
•
.
ft ..?
r The- purpose "of the-additional? funds,
Mr: Prentis said, would be to
place the company '/in a position to meet and take advantage of the^
■
.
.
shares for
108,528
000,000 additional capital,
JMoseley & Co. have placed 4,000 shares of common stock
1'
I1 i
,»t
"
n
<i
THE COMMERCIAL & FINANCIAL CHRONICLE
Bausch & Lomb Optical
Department on June 15 effecting a settlement, in part of all claims;
between the two and liquidating the Regulation V loan made in 1943.
Co.—Registers With SEC—
Company, manufacturer of optical and scientific instruments, spec¬
tacle lenses and frames and other ophthalmic products, June 27 iiled
with the SEC a registration statement covering 50,000 shares of new
4%
preferred stock and 152,500 shares of new common stock to be
underwritten by a group headed by Stone & Webster and Blodget, Inc..
Company plans to offer 47,318 shares of the new preferred in exchange
for a like
amount of the present 5%
convertible preferred, and to
issue
rights
subscribe
to
stockholders
common
to
in
the
the
of
share
one
a
5%
of
stock
not
for
the
period.
war
The
its
and
Bendix Aviation Corp.
Net
after
expenses-,—
Depreciation
Interest
Prov.
663,213
of
Earnings
capital
except
Interest
2,117,453
shares
$6.55
$3.35
$1.62
& Lake Erie
As
forvFederal
for
from
Gross
from
Net
$2,065,006
$2,345,185
685,076
Net ry.
railway,,,.
976,574
railway,,,
income
oper.
501,534
.
$2,455,205
1,386,395
$2,077,824
1 715,114
804,155;':. 419,163
578,773
that
and
claims
reimbursible
are
to
large
a
Gross
from
'♦Deficit.—V.
161, p.
Bethlehem
Steel
1,760,300
*18,066
1,133,286
7,117,629
$75,000,000
' //
Corp.—Registers
//
has
corporation
*202,987
1,062,039
2438/
Issue—
The
6,059,138
534,095
930,172
6,492,758
^
income—
oper.
6,726,030
221,710
railway
railway
Net from
Net ry.
filed
the
with
SEC
Bond
—V.
statement
covering the issue of $75,000,000 consolidated mortgage 25-year sinking
fund 2% 'Iv
It
is
series I bonds
Securities
middle
1,
bonds
be
will
will
offered
1
turrets
1945, the company has delivered to the Armed Forces
1,
and heavy
manufacture
much
to
a
of
group
Barney & Co.
the
public
under¬
and medium tank hulls.
this large volume of materiel,
will be applied
the purchase
to
outstanding,
of
consisting
$30,000,000 series
redemption,
or
in the
moneys
on
before
or
3%
G
bonds
$22,333,000 of series F 3Vt%
and $40,000,000 series H 3'Aft*
Its
outstanding
bonds, series F,
corporation's
V.,
161,
called
transfer
redemption
for
levels.
■
for
Net
Briggs
has
utilized
department,
Broadway,
25
York,
New
tReserves
substantial
a
(The stockholders at
of
authorized
The
be
Yol'k
New
not
quoted
certificates
Stock
of
of $1
business
par
June
on
value,
by
1945.
26,
business
Account
for
the
over
ry.
of
Prov.
co.
price
of
after
161, p. 2656.
Maine
&
1.000,000 to 2,500,000 shares.
June
1945,
26,
must
accompanied by
■ -■■'./ ;/// /
be
./;,„ /:■.;('///;'•
.' :
.
revenues
$6,900,302
$7,596,091
expenses
5,492,319
5,260,929
582,372
998,652
3,260,194^
3,789,590
245,121
243,305
1,563,575
1,305,424
Net ry;
;;
<Dr)_
rents
fac.
rents
(Dr)
$561,500
•/
$654,488
etc..
26,809,102
114,900
134,586
$3,005,808-
$3,807,604
542,222
552,745
$3,548,130
$4,360,349
1,725,474
$1,177,571
362,233
341,725
$35,846,306
27,732,632'
$1,070,183
107,388
92,988
Total
Rentals, int.,
$35,677,209
23,022
18,990
income-
oper.
Other income //_
•
Net income
161,
1,808,263
$312,763
Bowman-Riltmore
.
The
$1,822,656
$815,338
$2,552,086
2783.
p.
directors
have
1944
'
Net
the
on
ferred.
'The
•
basis
1
of
Hotels
approved
six
Corp.—Directors
reorganization
a
shares
of
new
plan
for
common
'
,
also
plan
Approve
which
—V.
revenues
provides
for
the
v
each
share
of
pre¬
//77''•
reclassification
and
conversion
of
135,944 shares of second preferred non-cumulative stock into 38,841 1-7
new common stock, such conversion to be on the basis of
and
share of
for
shares
of
for each 3Va
of
399,333 shares
common,
on the basis
new
shares of old
seven
/
new common
conversion
shares of the second preferred,
of old common into 57,047 4-7.
of
share
one
held.
common
\ '
of
for
new
each
.'-//':
//
Martin
Sweeny, President, said that an important feature of the
plan is the fact that the landlord has agreed, if the plan is carried
into effect, to extend the
existing lease for a period of seven years,
expiring Dec. 31, 186,7.
The existing and extended lease is to be
modified so that all expenditures for
rehabilitation, replacement and
modernization, expended after consummation of the plan, shall be
deducted
from
and
tenant,
expenditures
earnings
instead
must
of
be
before
the
their
present
paid
The
division
7.
May
of
31.
1S45
$8,313,740,
balance
which,
between
the
landlord
arrangement under which such
the tenant out of his share of
for' by
earnings.
deficit
sheet
,
of
/,./■
Bowman-Biltmore
the
under
plan,
will
be
showed
changed
to
a
a
paidrin sufplus of
The
($5
over $450,000.
provides for the issuance of 100 shares of Class A stock
to certain individuals, satisfactory to the landlord
who
plah
par)
Will represent the various interests, and select directors for a
period
ten; years.
The stock will have no other voting rights.
This is
proposed, Mr. Sweeny indicates, to assure harmonious continuity of
existing management.
of
The
of
plan,
which
stock
now
directors from
provides for
—V.
161,
depends
on
outstanding,
15
to
the
favorable
two-thirds
vote
also reduces the number of
13;- nominates the
first board
of
of
directors
p. 106.
and
as
of
June
at $27.50
g
32,548,000
30,050,000
Net
12,600,000
9,090,000
$6,066,000
Co., Ltd.—Earnings1944
1943
1942
chgs.
$136,846
$221,370
$476,979
production——.
155,774
$157,979
153,628
of
174,303
287,909
31,086
31,722
48,088
94,291
$50,013
*$27,371
*$1,022
$94,780
mint
&
for
-
less min¬
deprec.,
income
v-V.;/;'/-/
depl.
taxes
Net earnings
;'./
7% *LOSS.
—
.'
The
working capital
$411,166 on Feb.
at the end of
1945.—V.
1,
April was $406,719
p. 564.
• "
compared
as
161,
Central Illinois Light
Co.—Earnings—
1945—Month—1944
1945—12 Mos.—1944
980,000
profits
Operating
tax
no
longer
1/
$1,045,789
$986,142 $12,675,693 $11,951,606.
455,386
expenses
393,416
4.873.211
5,497,319
Depreciation and amort.
128,500
128,500
1,542,000
Provision
200,000
surtax
profit.——
Earnings, per
291,048
295,776
3,575,196
$170,854
$168,449
2,061,178
53,029
52,997
636,181
!f: 636,072
$1,444,023
Gross
re-
Int.,
.
$5,307,161
$5,239,351
$4,181,480
3,895,400
————
3,895,400
3,895,400
$2.72
$2.69
for
taxes
income
deduction's-—.
etc.,
1,538,500
Net
income_____«
depreciation
in
1943
and
share—
Dividends
and
cost-plus-fixed-fee contracts after deducting man¬
expenses
and
provision for renegotiation,,
on
—V.
general
amortization
amounted
to
$2,863,251
fAfter deducting post-war refund
of $1,400,000 in 1944. $1,010,000 in 1943 and $220,000 in 1942.
$13,095,435;
U.
&
Trust
Co.
30,
has
been
Sheet,
Dec.
$117,824
$115,452
$1,424,997
41,800
41,800
501,606
501,606
$76,024
$73,652
$923,390
$942,417
161, p. 2439.
fee- contracts,
equipment
$8,329,664;.■ inventories,
arid
installation^
$33,405,200;
chargeable
expenses
cost
to
of
dies
customers
other Investments
refund
war
(after
and
of
other
of
expenses,
miscellaneous
and
profits tax
excess
reserves
(est.),
assets,
$2,646,000;
$38,449,825), $9,940,440; prepaid
$887,449; total, $96,611,179.
taxes,
banks,
to
$4,000,000;
insurance
Initial
demand
will
be
increased to 60,000 kw.
the
Dominion
of
22,000
kw.,
with
agent for the
$1.60 cumulative
1805.
1943, granted the application of Central
16,
and
water
expectancy
that
present
shortages on the understanding that it will develop a new
hydro project at Bridge River northeast of Vancouver.' That work
probably cannot be started until next year.—V. 135, p. 1652.
Buffalo, Niagara & Eastern Power Corp.—SEC Hear¬
'■?
'
The SEC has set
July 6 for a hearing on the corporation's applica¬
; for-an
additional year irt which to compl^ with a SEC order to
change its existing capitalization to one class of common stock and to
extend
appropriate voting power to the corporation's $5 first pre-ferred stock.
•/.■; ;
'
At the hearing, which will be presided over by Richard Townsend,
an
officer of the Commission,
particular attention will be^directed
first, to whether Buffalo or its parent, the Niagara Hudson Power
Corp., has exercised due diligence to comply with the Commission's
order of
last June 19,
and second, whether and to what extent a
further extension of time for compliance is necessary or appropriate
in the public interest.—V. 161,
p. 2552.
: •
tion
that Central
committee
stock
and
P-
21
Robert
served
Butcher
G.
will be
made
of
Burlington-Rock Island RR. —Earnings—
Net
from
Net
ry.
1943
$287,315
144,477
62,140
116,803
*2,878
93,163
18,334
71,968
*17,371
1,279,536
1.081,720
499,489
378,502
476,586
271,915
railway
railway
oper.
/
1944
$217,516
199,130
284,439
1945
from
.;
income
"
from
from
railway-,.^
railway___^_
Net ry. oper.
•:
income
of
Electric
Texas
located
Eagle
in
the .water
of
Pass,
properties
so
the Fourth
/. ■<,/
;
7%
appeal from
retain
Richmond
of
in
2553.
to
Carl
cumulative
ruling
a
J.
trustees
as
U. S.
of
Austrian
Court
...
of
of
,
the
preferred
the Federal
of
York
New
corporation.
Appeals.—-V.
161,
;
,
Central RR. Co. of New Jersey—Annual Report-—
RR.
Central
traffic
civilian
last
of New Jersey
year,
which
travel
despite
lost nearly $6,000,000' on Its passen¬
heavy troop movements and dense
most
enabled
to
railroads
show
profits 011
their
Trustees Shelton Pitney and Walter P. Gardner
//",; '
■//'
"All
passenger
service—including mail,
express,
ferries, etc.—totaled only $9,799,992 in 1944, against ex¬
penses,
taxes
and.
fixed charges
of $15,779,265,
or
a
deficit
of
$5,979,273," the trustees state;
"This loss had to be made up from
freight-operations, thus eating up all the profit from the latter."
The trustees noted that while most of the Jersey Central's passen¬
ger train; miles are operated to carry suburban riders; "the revenue
from
this service was
only about one-third of our tctal passenger
revenues last year."
;-..
'
'
',
"Passenger traffic remained at a high level;- declining from 1943,
but remaining higher than in 1942.
The 25,272,127 passengers carried
in 1944 compared with 27,388,084 In 1943 and 24,606,551 in 1942.
Of
these, commutation riders totaled 13,578.438/''or lower than 1943,
when
the figure' was 14,648,226,
and 1942, when the number was
14,363,467.
We believe the decline\was due principally to absorption
passenger
operations,
in
annual report.
revenues
attributable
to
disclose
the
,
.
.
of
commuters
the
into
armed
services.
.
,
addition
"In
to
innumerable service personnel making individual
membership may desire.
This.- however; hould not deter
trips, we transported 981,129 persons in troop trains in 1944, com¬
pared with 798,814 in 1943 and 284,252 in 1942, before the movement
of men to Europe reached its full impetus."
The Jersey Centval par¬
ticipated in movements involving both Camp Kilmer, N. J., and Camp
that
the
Shanks,
N.
Y.,
and
carries
now
a
substantial amount
■■
of the
return
'
Other
$317,439
May—
properties
Corp.
dispose
corporation's
of
notice
filed
which
Court
Appeal
holders
for
June
on
District
flOW.
Gross
ice
Utilities
Public
Central States Electric Corp.—Obpose Trustees—
•
ger
to
ing July 6—
16,
.
The
The company has received authority
import power needed beca.use of
Canada
Oct.
to
,
A
This comoany and the Bonneville Administration have signed a con¬
tract by which Bonneville will build a
line to meet one to be built
from
Vancouver, B. C., for delivery of Columbia River power to
it will be
Oct.
Texas
condition
on
extension
acquired. ./
•• :
v/,.
.
The company tried unsuccessfully to sell the water properties to the
city of Eagle Pass and is now negotiating with other parties looking, to
the sale of the Eagle Pass water properties.—V. 161, p. 2440.
' ' •';**£
post¬
British Columbia Electric Ry., Ltd.—Contract—
Vancouver.
on
electric,
and
additional
an
accounts
payable,
$17,276,031; accruals and miscellaneous accounts payable, $5,819,877;
reserve
for estimated Federal
income
taxes and
renegotiation, $27,208,086; reserve for plant reconversion and other costs arising out of
the war, $5,150,000; capital stock (1,979,000
shares, no par), $12,793,323); earned surplus, $24,650,036; cost of 31,300 shares of common
stock reacquired, Dr$286,174; total, $96,611,179.—V.
161, p. 2552.
from
the
Co.
Texas,
and
accounts
payable
acquire
company
dispose of the water properties of two of its Texas
:
' v
://-'.'v ■'//;.;//
••/
The Commission
to
'(less
$157,905;
property
granted
which to
Service
payments received of $5,676,608), $5,036,187;
investment"'In
advances: to-wholly -owned British subsidiary company, at. cost,
$331,976;
in
subsidiaries.
partial
and
has
SEC
1945,
31, 1944
securities, at cost, $580,000;
accounts
receivable, less reserve, including billings under cost-plusfixed-fee contracts, $19,111,479; contract termination claims
receivable,
$3,089,445; accumulated unbilled ebsts and fees under cost-plus-fixed-
Net
appointed
1945, of all outstanding
per share and dividends,—V. 157, p.
:
pfd. stock
on
Central Power & Light Co.—Gets Extension—
Govt,
S.
2,080,096
i
in 1944, $2,445,-
$2,446,570 in 1942.
Balance
3,459,799
1
$2.15
——
common
including fees
ufacturing costs,
696
>
1944
$6,353,000
1945
eral tax
post-war
—;
and
taxes
Dividends paid
Gross
Breritano's, Inc.—Redeems Class A Stock—
redemption
g
1945
April 30—
income,
Gross, revenue
1942
$109,788
■
Prom Jan. 1—
class A stock
1945- -5 Mos.—1944
—-
Cariboo Gold Quartz
'
-
-The'Chemical Bank
v
g
2553.
p.
3 Mos. End.
170,000
excess
each
the board
change in the company name to Commodore Hotel. Inc.
a
$ •.
7,598,000 >; 7,138,000
———_
.
Period End. May 31—
3,900,000
and
tax
normal
prior
,
class of
•
earnings,—
161.
Gross
provides
shares of the
one
Earnings—
1945—Month—1944
'
Week Ended June 21—
187,550
3,400,000
for
conting.
adjustments
for the reclassification and conversion of 66,024 shares of 7% cumula¬
tive first preferred stock into 396,144 shares of new common ($1
par),
or
National Ry.
29,231,000 144,162,000 143,642,000
Traffic
2,800,000
Liabilities—Notes
-V.
138,305
*287,875
30,019,000
180,778
1,150,000
Assets—Cash,
1945—5 Mos.—1944
1945—Month—1944
Operating
Equipment
*202,016
*473,617
expenses
437,326
Consolidated
Operating
Joint
*173,647
*464,485
Operating
End
renegot. for 1943
RR.—May Earnings
Peri'bd End. May 31—
(
*81,257
Balance
'
Taxes
1,113,600
36,369,000 174,212,000 176,190,000
//';://,///■/
net
over
in
acquired
cost
Prov.
for
*97,285
738,600
37,617,000
Prov.
plant reconversion.—
for
*119,866
795,500
$22,632,037 $21,029,351 $10,531,480
purchase
of
*104,2#T
revenues
1942
819,572
profit
Additional
*28,892
Operating
pre-war
•
1942
.$128,700
"
161, p. 2439.
•
Cost
.
1943
$152,300
*384,200.
—
income
oper,
Canadian
Ending Dec. 31
1943
1944
*50,219^ *61,040
/, 985,700
Period End. May 31—
23,000
■.
Years
$362,799
$141,200
*17,897
from
The
Boston
208,502'
208,502
$301,397
—
—
1945
$285,000
53,148
railway.
♦Deficit.—V.
With
the
The
Exchange has directed that the common stock
distribution until further notice; and that all
said
ex
delivered
due-bills.—v.
about
Cr450,000
additional share to holders of each
one
close
increased from
was
stock,
common
1945, of
the
at
stock
the
in
July 6,
stock
special meeting held on June 26, 1945, approved
a
split-up
on
record
in
:'•;- /•////
'■
Income
increase
;
Res.
Inc.—Split-Up Approved—
from
addi¬
$22,160,693 $19,668,285 $10,118,377
Interest, rentals, etc., misc. income
471,344
452,687
238,946
Profit on disposal of plant items—
88,807
'// 65,378
Y.—
N.
48,454
$571,301
sales
tFederal
share
required
1944
from
♦Profit
Federal
Bond Stores,
distribution
In
square
'
a'two-for-one
possible.
as
activities
peacetime
///%
Consolidated
assets
on
2439.
p.
Briggs'
war
foundation
Excess
July 30, next, all of
consolidated
mortgage
20-year sinking
fund 3xk%
at 105 and interest.
Payment will be made at the
has
preferred
„———————_
railway
Net from railway
the creation and production of plumbing ware.
Looking to the immediate future, the company has been working
closely with, its major clients toward supplying automobile bodies and
parts when the Government gives the "go ahead" signal and is laying
Calls Entire Issue of Series F 3^4% Bonds—
corporation
209,927
From Jan. 1—
feet of floor space.
In the year 1944
average empolyment was 36,565 people and in excess of 5,690,000
feet of floor space were used.
■
://A-/':
'■///''/?
Financially and physically company is well prepared to return to its
pre-war work.
Company has been able to conduct its war manufacturning without the necessity of borrowing money from the Govern¬
ment.
Although 6,480 of its employees have gone into the Armed
Services, nevertheless the bulk of its personnel is still with the com¬
pany
and available for its regular business of body manufacturing
Gross
The
equipment
plant and
peacetime
and 5,000,000
employees
bonds.•
the
Before
and Mellon,
after the
of all the $92,333,000 consolidated mortgage funds of the
1945,
its
of
shortly
together with other
257,283
193,913
tax———-'
161, p. 2439.
Gross
Corporation.
the
sold
be
to
tax—
profits
excess
railway
:
Net ry. oper. income.
$26,000,000 worth of war materials.
These have consisted
principally of large wing and other aircraft assemblies, heavy bomber
,
proceeds of these bonds,
corporation
bonds,
and
income
4,000
Canadian National Lines in New England—Earnings—
than
July.
net
treasury,
Get.
these
1970.
by Kuhn, Loeb & Co., Smith,
Corp.
of
The
that
expected
writers headed
July 15,
aue
34,551
deductions———
May—
and
■
registration
a
:
extent
there
the
From Jan. 1—
429
480
34,551
expense
$509,899
on
Balance
tion, it has built and equipped a large new plant of its own, as well
as
operating another substantial one
owned by the Defense Plant
1942
1943
1944
Federal
&:
income
Dividends
Manufacturing Co.—Annual Report-
of June
more
as
RR.—Earnings—
1945
income
475,280
475,280
—
discount
prem.,
Provision
.
Bessemer
bond
12,784
$1,391,297
bonds
mortgage
interest
of
Provision
Net
14,718
$1,424,051
—
—
$1,378,513
$1,409,333
deductions—
Net from
Br tegs
To
May-
first
on
Miscellaneous
Gross
$7,093,560 $13,879,588
2,117,453
2,117,453
161, p, 2782,
2,145,561;
2,309,399
;
before
Miscellaneous
Amortiz.
remains a substantial amount of net
assets.
The existing uncertainties in regard to these assets preclude
any statement at this time concerning
their value."—V". 161, p. 2656.
69,086,854
share,,,,,
per
operations,
1,539,110
37,844,994
■
& Federal tax,
profit
Number
—V.
267,174
13,622,694
$3,436,723
price adj.
(which
others
Navy),
the
by
$18,059,436 $47,053,684 $87,323,770
2,818,218
732,845
1,451,917
^
for
Net
—//
...
resumed
not
small extent high-priority war material
to a
the issuance
and
tractors
12 Mos.
6 Mos.
3 Mos.
$3,524,074
depreciattioh——_—
,
proposal.—V. 161, p. 2552.
(& Sub.)—Earnings—
March 31, 1945—
Period Ended
has
It
1945.
for
of oudited, financial statements for 1943 and
1944, now expected in advance of the adjourned annual meeting on
Aug, 28, the company reports 'it believes it has discharged substantially
all of its known liabilities, except for any Federal
tax liability, the
mortgage on the plant at Long Island City and claims of sub-con¬
573,228
pany will meet on July 14 to vote on the
1944
$.3,718,733
and
profit
Balance
is
Fending
,
''?
1945
i——
Non-operating income
.
capitalization will consist of 50,000 shares of preferred
shares of common stock.
Stockholders of the com¬
new
stock
\
contract
expenses
Gross
doing some work on post-war products.
Mr. Lockwood added
that "future operations are as yet uncertain."
••'/:. v
The renegotiation proceedings for 1943. and 1944 have been com¬
promised with the Navy, and will not be reopened unless the audited
statements, when completed, are materially at variance with the figures
submitted to the Navy Price Adjustment Board by the company.
to the exchange offer will be largely available for
The company anticipates continued heavy peace-time
products, including certain items developed during
subject
demand
Operating
left for future settlement,
revenues
since
is manufacturing
it
and
12 Months Ended May 31—
Operating
a
incurred
union
that
preferred share
working capital.
claims
new
for
common
new
were
California Water Service Co.—Earnings—
;,r
substantial part of the company's post-termina¬
last July 31,
and its claim against the
War Department arising out of condemnation of the company's leased
Newark plant.
This claim is in litigation, the letter said.
Labor claims alsb have been settled and the company has made a
other matters,
among
and each four shares of common stock held.
Unexchanged 5% preferred is to be retired.
Proceeds from the sale of common stock and of the new preferred
each
breach of contract claims and
party surrendered its tort and
number of additional claims.
There
tion
stock to preferred and
common
new
ratio
Each
Monday, July 2, 1945
1,253,156.
604,990
69,992
*13,054
highlights of the trustees' report include:
The most
important single problem which must be solved before
the Jersey Central can emerge from bankruptcy is its New Jersey tax
troubles;
Ail New Jersey taxes have been paid currently since 1940,
and about 70%
were
paid from 1922 through -1940.
Because of the
unpaid amount during the depression years, the State at the end of
1944 claimed an estimated maximum of $29,297,702 in principal and
12%
annual
interest
penalties, while the trustees believe the rail¬
road's total liability does not exceed $11,363,645, and may be less.
The
class
*Deficit.—V. 161, p. 2439.
Interstate
freight
increase
of
rates
about
Commission's
Commerce
would
$70,000
bring
a
recent
decision
the Jersey Central
in revenue; based
year
an
changing
estimated net
on
1944 business,
but
Brewster Aeronautical Corp.—Debts Reduced—Owes
Only Mortgage on PlantAccording
to
a
letter
to
stockholders
from
Preston
the company has no loans outstanding except
gage/on: the plant, having executed an agreement with
President,
Lockwood,
the
mort¬
the
Navy
Callite
The
directors
the common
A
similar
Aug.
9,
is "extremely disturbing" from a long-term point of view because
"it: apparently indicates the initiation of a policy to discourage'the
further development of industry in the eastern and northeastern sec¬
Tungsten Corp.—10-Cent Distribution—
have
declared
a
dividend
stock, par $1, payable Ar.g.
distribution
1944.—V.
was
160,
p.
made
on
2231.
9
of
10- cents
per
share
on
tion
to holders of record July 26.
on Jan, 26 and
rate
Jan/26, last, and
of
the
country
and
to
encourage
the
further
industry
In other parts, of the country, utilizing the
structure as a means of bringing this about."
The
Jersey
Central is
"studying the possibility
development of
country's freight
'
of abandoning some
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4399
162
interest
line mileage, where such mileage is being operated
1 ■
•. 1
Y'Y
performance has been greatly improved,
.A comparison
'Of freight operating statistics for 51 principal United States .railroads
-for the .last quarter of 1944 against the last quarter of the. previous
year
showed Jersey Central improvement of 16.54%
in gross ton
miles per train hour, compared with only 2.11%
for all 51 roads; an
improvement of 35.19% in net ton miles per car day, compared with
a
decrease of 1.94%
for all 51 as a group; and a decrease of 10.27%
in pounds of coal consumed for each 1,000 gross ton miles, compared
with an increase of 1.71% for the 51 roads.
In each of these key
indexes, Jersey Central's improvement "was greater than that of any
other
railroad"', listed, enabling substantial improvement of service
to shippers.
Y.Yr%:
:
The Jersey Central previously reported 1944 net income of $217,932
on
gross revenue of $60,796,386. compared with $712,860 net income
■on
record
business
of
$62,974,869
in 1943.
A decline of nearly
$2,425,000 in
petroleum traffic, as the emergency: rail movement
passed its peak, accounted for "slightly more than the total decrease
in the Jersey's Central's revenues."
■ f1
•of
branch
our
at
The
to
Maint.
of
Traffic
operations
Miscell,
General
24,951,718
347,504
—
1,667,140
expenses
'
603,356
25,406,506
335,047
1,305,365
652,248
—
Tranportation
amount
From Jan. 1-—
plan provides for the foreclosure of the first
committee's
leasehold
Gross
in
the
of
amount
and
$6,059,500,
shares of
60,595
capital
The
subject to a voting trust, would be issued by the new company
only to the holders of the present first leasehold mortgage bonds.
The
new
securities would be issued in the ratio of $100 of new bonds and
share
one
of
of
stock
represented
bonds.
present
Representatives
by
by
line
Y
: Y-:
Because
560,146
21,740,628
.296,235
1,067,512
the
of
indicated
the
over
value
the
of
estate expert
leasehold
the
referee
will
161,
on
from
rev.
ry;
$13,963,536 $16,813,780
op,
8,396,228
2,925,833
301,119
6,027,251
3,109,745
330,048
accruals-Hire of equipment
Joint facility rents
tax
„
$38,136,202 $10,984,858
5,441,556
3,615,316
3,099,060
2,293,449
273,732
.CrlJ.,957
Charleston
Net
$5,3S0,600
839,926
$4,496,492
1,055,856
income.
oper.
ry.
Non-operating
income
$5,088,050
836,131
$9,321,852
1,066,668
railway-—..
railway—
ry. oper. income—f,
Net
Gross'income
$5,552,348
$6,030,526
$10,383,520
-5,317,666
5,341,856
Gross
$5,924,181
5,334.416
—_
_
5,384,874
inc.
gross
Net. income
$712,860
$217,932
-
45,693
ry.
railway..—
railway—_
income—
from
—V,
$539,306
$5,046,664
164,329
•
ry.
(Union Pacific RR., lessee),
approximately 11.99 miles, .in
2440.
% "■
■
Endicott,
161,
Ry.
p.
1944
1943
1942
$550,769
$678,356
$492,180
$514,210
199,470
318,520
153,059
69,463
200,339
66,252
2,662,476
1,150,823
421,073
2,537,387
1,016,126
335,987
—
99,306
88,853
2,697,970
2,890,497
937,764
1,132,163
394,877
397,115
income
oper.
.
railway
from
ry.
railway
income
2440.
oper.
161, p.
1,923,220
1,593,810
816,831;.
626,803
479,444
392,598
1,988,316
727,197
512,022
%.
239,219
383,585 %
Indianapolis
Louisville
&
Ap¬
RR.—Court
Plan—
proves
Federal
Judge
Michael
L.
Chicago,
at
Igoe
21,
June
approved
a
modified
'
-
.
Chicago,
$325,469
129,732
Y. 80,063
present
The
plan
of reorganization for the company,
wiping out all
stockholders and writing off $14,000,000 in defaulted interest.
road
had been in the courts since 1933,
when a voluntary
petition in bankruptcy was filed. The new plan, which previously was
approved by the Interstate Commerce Commission, has an effective
dato of Jan.
'
2440,
p.
.
1,826,513
oper.
161,
Island
and
railway—
railway
from
Net
1942
■;
88,083
90,229
<•
,
1943
$432,186
156,051
$422,367
86,422
from
Net
Net
from
V
,1944
$362,590
From Jan. 1—
Deduct,
Grand
&
Nebr.—V,
From Jan. 1—
Gross
Net
1945
from
from
Net
permitting abandonment
railroad extending south¬
of
line
West Carolina Ry.—Earnings—
&
May—
Gross
a
branch
1945
Net
—V.
Net
Railway
certificate
the
junction
County,
from
the value of
that hearings before
future, after notice to the
near
Joseph
the
Net
2553.
p.
St.
from
Gross
It was further indicated
probably begin in the
bondholders.—V.
and the court
to advise the referee
property.
issued
(1)
May—
second and third mortgage bonds, and the right of
the subordinate
bonds and of the corporation to participate in the
reorganization, the court indicated that it will appoint an independent
the
9,364,357
Chicago & Illinois Midland Ry.—Earnings—
leasehold
securing the first,
real
of
between
were
contest
20,774,092
Line-
19
of
19,624,192
11,040,366
Branch
of
June
on
56,036,446
37,810,995
13,968,499
104,167,445
—
income.—
company
Jefferson
present at the preliminary hear¬
ing before Justice Botein on June 25, 1945, and it was indicated that
holders of second and third mortgage bonds would claim the right to
participate in the reorganization.
*L
■
■
groups
ICC
the
96,105,388
39,390,127
82,914,035
46,303,839
railway..
railway..
oper.
easterly from Helvey to K. C. & O. Junction, approximately 4.27 miles,
and (2) abandonment of operation,
under trackage rights, over the
certificate for each
trust
voting
a
;-'Y%YYYYY Y:- Y.Y;:'
all
of
ry.
Abandonment
stock,
$100
from
Net
first, second and third mortgage
income bonds, secured by a new first
cumulative
from
Net
the
securing
now
New .5%
mortgage
$43,357,579
4,400,254
8,957,004
558,011
17,237,475
257,617
962,360
revenues
of
Maint.
bonds are out-,
$2,962,500, and the. third mortgage
of $2,500,000.
of
the
,
$60,796,386 $62,974,869 $57,446,744
way & struct.
8,241,073
7.755,966
5,780,544
equipment™
10,973,167
10,754,850
9,865,477
Operating
the
bonds.
1941
1942
1943
1944
in
Beha
and Year to Date
1Q49
1945
1944
1943
railway—, $22,167,331 $19,695,241 $16,317,570 $11,768,990
Net from railway,.
9,455,009
9,652,826
7,313,112
3,768,630
Net ry. oper. income—_
5,150,009
2,088,029
1,853,684
2,641,413
from
Gross
mortgage in order to cut oif all interests junior to the first mortgage.
A
new
company
would be formed, under the plan, to acquire title
Years
Calendar
for
Earnings for May
May—'
1,
amount
standing
,
Account
Income
.
Sept.
the
■in
,
y
first,
1945, to Sept. 1, 1965.
The first mortgage bonds are
outstanding in the amount of, $6,059,500, the second mortgage bonds
from
•
,
the
of
owner,
remain unaffected
and that the
seebnd and third mortgage bonds be extended
leasehold
the
of
maturities
loss."
a
Operating
1, 1943, and new securities issuable under the plan
to
are
that date.
Capitalization of the road is reduced from $42,250,000 to $30,000,000,
carry
.YGeneral
Balance
Sheet, Dec. 31
»
-
'
>
1944
Assets—
-
.
_A~
Investments
;
—_
Special deposits
Y__,Y,YL;
__
receiv.
209,352
130
1,330
3,311,762
5,947,995
13,669,011
10,335,465
—■—
4,044,812
3,705,497
■!—76,040
77,782
115,267 .'
139,851
..1
1,763,831
1,605,922
receivable..
supplies—Interest and dividends receivable..
and
Material
Other
assets
current
assets
Deferred
•_
.
UY
,
—
debits
Unadjusted
174,308
«•
tion
1945, at' 102 Vz and
1,
interest, $102,000 of refunding and improvement mortgage
t3Vt% bonds,
series
E, due Aug. 1, 1996, out of moneys in the sinking fund.-Payment
will be made at the office of J. P. Morgan & Co., Incorporated, sinking
fund trustee, 23 Wall St., New York, N. Y.¬
Clarence
W.
of
Chamber
of
July
1.—V.
Director
Newman,
Commerce
Industrial
post
161,
at
Research of the Virginia State
Va., has been appointed to the
of
Richmond,
Analyst
of
the
Chesapeake
Ohio
&
2783.
p.
effective
Ry.,
'
including the $14,000,000 in defaulted interest. The new capitaliza¬
will be
made
up
of first and second mortgage income bonds
totaling $16,500,000 and class A and B common
500,000 at $25 per share for either class.
place
will
substituted
be
.
•>-
and car-service balance
Traffic
27,436,800
51,857,927
;
.
27,436,800
51,805,599
3,803,585
5,537,88G
145,600
20
49,325
(Cr)—
3,445,412
22,147
Interest matured unpaid————.——.—.—
3,407
Dividends matured unpaid...
49,325
Unmatured rents accrued....
Y
—Y%Y:-/
7,871
Accrued tax liability
3,934,856
accounts
Audited
and
payable
wages
payable..
accounts
Miscellaneous
_
—
....
——
Other
betterments
fixed
liabilities
Deferred
Profit
—V.
loss
and
Total
161,
847,698
directors
the
to
of
record
of
Distributions
cents
5,8
funds.
dividend
a
share
per
of
$1
share
per
each,
$1.50
tax,
less
made
July
on
8
Net
from
Net ry.
Y
''
'
from
income
From Jan. 1—
Gross
Net
from
from
Net ry.
*
108,785 Y"
railway—
oper.
and
■
Maint.
of
Maint.
of
Champion
of
will be
filed by
others
filed
offering
Co.—Registers $13,000,000
Fibre
3%
filed
22
a
preferred
&
Co.,
registration
due
debentures
stock
July
(no
15,
par).
statement
The
with
and
1965,
dividend
the
group
of
underwriters,
3,450,556
3,300,438
3,009,613
55,805,743
2,800,034
of
the
debentures will be
filed by
amendment.
including accrued dividends, of the 6% preferred stock and
price for the new preferred plus accrued .dividends.
proceeds from the sale of the debentures and preferred stock
will be used to redeem at par $250,000, 3%%
first, mortgage-* bonds,
and at 103V4, $10,250,000, 3%% first mortgage bonds;
and to repay
12%%
promissory notes in the amount of $650,000.
The balance
will be added to the general funds of the company and used in con¬
nection with the redemption at $110 per share of any unexchanged 6%
preferred stock,-—V. 161, p. 2763.
offering
The
,
3,621,720
2,913,685
145,854,303
123,559,336
99,415,696
(Lexington Ave. & 42nd St. Corp.),
New York City—Court Appoints Referee to Hold Hear¬
ings and Report on Reorganization Plans—
Justice
report
as
ganizing
of
owner
Bernard
Botein of the New York Supreme Court on
formerly
%
Net rev. from railway operations
Railway tax accruals
June 28
Benjamin J. Rabin as referee to conduct hearings and to
the fairness and feasibility of proposed plans for reor¬
the Lexington Avenue and 42nd Street Corp., the leasehold
the Chanin Building, located at Lexington Avenue and East
to
N. Y, City.
Mr. Rabin is a member of Congress and was
Chairman of the Staie Mortgage Commission/
owner
and
and
hearing
presented
a
on
to
N. Geiler, as attorneys for the Beha committee repre¬
the first ..leasehold mortgage bondholders.
The Beha com¬
which has authorizations i'rom holders in excess of $1,250,000
Abraham
senting
mittee,
A. Beha (formerly Super¬
A. Shaskan,
Thomas F. Corrigan, Robert L. Jones and Jcshua Morrison.
Mr. Mor¬
rison, of 20 Exchange -Place, N. Y. City, is Secretary of the com¬
of
first
mortgage bonds,- consists
of James
intendent of Insurance cf the State
of New York), Sidney
mittee.Mr.
order to report' on any
"other alternative plans which may be submitted to him as referee.
The leasehold company's plan proposes essentially that all interests
subordinate to the first leasehold mortgage bonds, including the stock
is
38,819,503
37,592,460
also
directed- by
■
the
court's
of
charge
the treatment
considered
;v
.....
■
income—% -32,074,823
operating
railway
income
rent
and
605,367
—
interest.
misc.
Miscellaneous
the
by
properties
Federal
..
859,336
—
35,762,487i 37,173,683
769,271 %% 790,588
'
v
income
742,433
I
26,692
49,407
557,536
28,207
income
them by
The
for fixed
avail,
,
Terre
Haute
fLed
after
for
>
Dividend appropriations of
Inc.
bal.
transf.
37,200,006
38,447,368
Net
from
Net
ry.
8,968,742
from
28,646,920
*5,125,161
5,125,161
income.
to
&
19,521,961
loss.
23,106,103
23,521,759
$16.53
$16.77
'
$18,456,264 $17,672,899 $13,939,402
4,119,850
5,135,349
6,681,151
2,082,5752,353,278
2,560,067
5,084,064
4,675,084
income
From Jan. 1—
from
Gross
5,125,161
$14.43
prof.
1942
1943
1944
$19,465,671
railway
railway-.
oper.
■
and Year to Date
1945
May—
9,800,448
28,231,264
share
per
% 'Y'
■?
Earnings for May
102,647
8,740,377
to
the
38,550,015
24,647,122
charges
rejected.
will, be
Road"
Equipment—
&
37,300,882
100,876
%
charges
Income
the plan of reorganization for
of time for the balloting is
the plan mast be accepted by "sub¬
bondholders.
Otherwise the leake 6f
the Electro-Motive Division of General Motors Corp., Fairbanks,
Co., Baldwin Locomotive Works, and American Locomotive
among
Morse
33,387,498
charges—
to
L. Igoe, at Chicago, 111., on June 22- author¬
enter into additional sales agreements totaling
purchase of new equipment costing $7,108,535.
The authorization, still subject to Interstate Commerce Commission
approval, covers the purchase of five diesel electric freight locomo¬
tives, five diesel electric passenger locomotives, 20 • diesel switching
locomotives, 500 flatcars and 25 cabooses.
The flatcars ,and cabooses
will be built in the railroad's shops.
The rest of the order is divided
Gross
Income
extended
has
,
extension
because
the '"Milwaukee
company
33,588,933
201,435
:
—
deductions from income.—
system
Judge Michael
the
$5,908,535
Co.
Earned
:
,.,f,.-
the
of
properties
accorded
Road."
significant
as
stantially' all"
39,680,633
£>r3,144,271 Drl,884,658 Dr2,279,001
Dividends
Misc.
Igoe said, adding
completed before
.
65,873,629
Dr2,373,366 Drl,172,356 Dr2,279,001
General
Balance Sheet, Dec.
Net
from
Net
ry.
—V.
31
1944
25,092,240
railway
Income
12,192,031
oper.
161,
90,315,402
27,333,535
12,699,825
93,604,063
railway
65,296,641
86,585,559
35,233,322
23,983,893-
20,514,598
11,533,476
2656.
p.
Donations
and
Investments
Other
116,148
—;—
grants
in
109.861
114,276
6,410,781'
companies
38,375,368
—
37,449,740
Special
Loans
Net
cash
and
a
bal.
Interest
%
receivable—
receivable
and
from
dividends
753,157
1,600
Chicago, St. Paul, Minneapolis & Omaha Ry.- -Report
Condensed
receivable
2,489,617
366,398
23,555
479,669
4,498,921
979,531
%
—
12,404,322
Total
operating
Total
income
Long-term
debt
Traffic and car
Miscellaneous
and
wages
accounts
matured
(all
Other
tax
Deferred
liabilities
51,308802
10,679,648
.
5,782,407
668,292
609,052
115,545,364
105,103,236
a
_
—...
....
Income
.*236837,010 222,669,458
-
♦The
_;
surplus
account
$249,859;
unappropriated,
for
1944
appropriated
$188,661,691.'
'815,534,423 78i89B,626
i
L.
—_i_.
is
for
786,389
^1,372,840
2,534,865
f 2,54.4,636
'
$1,072,223 : $1,453,270
year
r
.
General Balance
Sheet,
made
surplus,
up
as
follows:
$48,025,460;
•
'
;;"„.$70,4.457
31
Dec
1944
earned
unearned
Y'1
'
Assets—
j——
Temporary
; S -r
$89,910,032 $89,382,935
7,787,567
3,231,954
L*
4,000,000 t;&,otfo,ooo
cash investments——__——1.
__i;
from agents and conductors,.
105,837
Special deposits
Net
bal.
Material
Other
and
and
supplies—
dividends
current
Deferred
receivable—
accounts
.
755,351
-
2,185,494
—
receivable.
v
r,
debits.
651,993
758,869
1,627,791
„.r>
6,198 j>v
,
11.774
80,283
-
—
—
'62.786
112,692
assets__i_.
assets
Unadjusted
,;1%106,943
481,577
receiv.
Miscellaneous
1943
-
$
V.',..-.-'.'
Investments
Interest
surplus,
.
752,011
153,736
57,462,457
—u_—_
:
Unadjusted credits
Surplus
2,309,378
——_
liabilities.—
,625.264
,
2,504,936
322,567
707,666
2,265,943
i
liability
current
,
-57
1,966,836
281,419
.
V
$27,095,046 $27,362,931 $23,797,895
20,189,533
17,658,059
20,519,789
2,398,874
.1,517,903
2,246,087
sources)
accruals
*
386808
-
531,247
427,766
>
9,519,606
1,767,057
...
accrued
interest
10,604,333
.
781,716
•
170,839,100
207,944,056- 210,560,721
.
payable..——
unpaid.
Unmatured rents accrued
Accrued
170,839,100
.
—
payableservice balances—net.L
accounts
Unmatured
tax
Railway
Equip. & joint facil, rents (net)—
Interest, rentals & miscellaneous.
Liabiiities.
'
496,243
$26,971,509 $27,273,328 $23,730,124
123.537
89,603 * :
67,771
revenues—.
Non-operating income
Railway operating expenses—
815,534,423 781,698,629
stock
509,475.
677,912
893,443
:
——
386,386
14,222,424
;
ii)rz
2,692,345
177 729
85,286
624,113
debits
L
other
1942
(
4,073,771
4,390,392
t
Express
All
Years
1943
$20,211,900 $21,230,454 $19,453,502
__.
;
Passenger
Mail "
15,215,904
——
Calendar
for
1944
14,563,193
A—
!
Account
Income
Operating revenue—Freight
2,514,644
Total
Common
1,330,155
1,678,264
161, p. 2553.
17,978,488
assets
Unadjusted
169,144
26,474,050
assets.—
current
—V.
20,098,256
conductors
receivable——_—
supplies——
receivable
Other
.26,144,491
...
agents and
accounts
and
9,068,181
1,183
investments
bills
110,721
$9,637,180
$9,803,585
1,440,514
1,659,129
$846,517
98,986
171,397
$846,043
i
Chgs. to way and struct.
Trustees' net earnings..
36,144,819
21,274,321
:
deposits
Miscellaneous
Rents
8,137.836
16,077,092
Temporary
receipts
1945—12 Mos.—1944
1945—Month—1944
Period End. April 30—
Gross
Cr2,507,020 Cr2,222,499
—
affiliated
investments
122,410
6,910,467
property.—.
physical
-
640,506,151 621,641,821
—;
of mortgaged oroperty sold
Deposits in lieu
Miscellaneous
$
Chicago North Shore & Milwaukee RR.—Earnings—
1943
$
Road and equipment property
Improvements on leased prooerty..
Total
.
Rabin
in
"Milwaukee
the
26,192,996
equipment—net..
Interest
plans
57,190,637
facility rents—net—.
the court included
that of the leasehold
plan submitted by Wagner, Quillinan,.Wagner 3s Tennant,
tioh
94,393,146
55,573,644
94,783,097
Railway operating income—
Audited
preliminary
court
reject
ized
the leasehold owner's petition for reor¬
ganization under the recently-enacted amendment to the. State Burchill
Act was held before Mr*; Justice Botein on June 25, 1945.
ReorganizaA
,
Permitted to Order New
Deferred
42nd Street,
*
—
—.
Material
Chanin Building
161, p. 2553,
1, from June 30, the time within which holders of Chicago, Terre
Haute & Southeastern Ry. bonds may file their ballots with the ICC.
The Terre
Haute
bondholders
are
voting on whether to accept or
2,093,874
3,785,010
expenses.
Assets
by omendment.
price
be
Aug.
46,267,051
2,993,7e9
;
■
company
appointed
24,106,233
with
ion price,
the
28,195,666
61,653,940
of
by
rate
\
■
heads
the
100,000
is offering to the holders of its 115,000 shares of 6%
cumulative preferred the right to exchange such shares for the new
referred stock.
The exchange ratio will be based upon the rcdempThe
21,025,235
33,790,763
equipment
29.835,736
Miscellaneous operations
Fixed
:
'
amendment.
Sachs
be
to
The
June
on
cumulative
Goldman,
40,175,260
structures—,
Traffic
Total
,
2440.
&
;
owned
Chicago, Milwaukee, St. Paul & Pacific RR.—Time for
100,000 Shares of Preferred Stock—
$13,000,000
shares
3,180,355
791,723
431,825
786,857
314,966
*44,203
Paper
company
for
-3,624,904
907,440
469,817
vY
378,513
p.
Debentures and
The
and
way
105,431
3,646,113
*
161,
148,979
-'YY Y'YYY.-YY
income
180,397
225,853
.
courts may be had if needed, Judge
"unlikely that reorganization can be
the
would
1946."—V.
The
Misc.
88,806
3,443.984
railway
Deficit.—V.
SEC
*
,
.
1942
$666,600
facilities
essential
of
use
a
240,637,400 217,952,483 165,289,325.
Railway Operating Expenses—
Net
1943
$816,152
...
171,285
3.67JL
railway
oper.
,1944
$724,800
1945
it
for
Terre Haute Ballots Extended—
Hire
;' $690,799
railway....
help from
on
161, p. 308.
for
leases
stock trust, a mechanism is provided for
negotiation! for the sale of a controlling interest in the new company.
Three
reorganization managers will be -appointed and additional
the
withheld for Cuban 5.8%
payable July 14
were
and
compacts
railifoads.
Through\ provisions
561,493
facility
Total
Central Vermont Ry.—Earnings—
May—
752,298
•
3,251,752
831,367
of $1,005,704 consisting
income bonds, $100,000 of
and $200,000 for additions
2,940,419
4,597,640
Total
Joint
Gross
3,937,728
4,933,218
2,
July
last year.—V.
8,
transportation ——3,252,861
other
Incidental
A.—Dividend of $1—
tax, or a net amount of 94.2 cents per share,
holders
Nov.
less
declared
21
June
on
stock,
capital
dividend
$
General
224.235,389 217,788,325
2553.
p.
Express
Transportation
I—
———
Central Violeta Sugar Co., S.
The
63,676,736
balance———
debit
....
38,509,053
64,322,608
Dr 109,456
43,472,148
through income & surplus
Additions to property
Mail
Joint
$
—
Passenger
623,786
21,883,606
23,608,482
_
credits
Unadjusted
7,871
1942
1
,
court
sjdd the property, under the plan, was subject to no
charge^other than amounts aggregating $162,000, payable under
other
1943
180,453,652 166,123,159 131,770,823
32,923,900
19,100,283
—40,141,385
5,242,312
4,606,722
5,728,869
4,375,447
3,057,829
——
5,296,048
Freight
All
Years
1944 ;;
.
$
3,772,037
683,285
;
liabilities.......:
current
Calendar
ior
•Y% ; Y'"
■
Operating Revenues— V
■
5,209,295
stock
Capital
Long-term debt
:
■
,
Account
Income
224,235,389 217,788,325
,
Liabilities—
$13,-
totaling
charges
$705,704 of contingent interest on new
sinking funds for retirement of the bonds,
existing
Total
contingent
of
The
Chicago, Burlington & Quincy RR.—Annual Report—
stock
declared the plan "a good one," and said it was
air
and equitable" and did not discriminate against any class of creditor.
Under the approved
plan, the property is relieved of all present
fixed interest charges of
approximately/ $1,500,000 a year and in their
Judge Igoe
and
2,880,025
3,158,031
-
.....
not
Chesapeake & Ohio Ry.—Partial Redemption—
There have been called for redemption on Aug.
conductors
&
agents
from
accounts
Miscellaneous
250,000
3,971,696
;
receivable—————
bills
and
balances
Net
711,234
_—_
„_
___
Loans
$
188,698,454
6,339,700
Temporary cash investments
Cash
1943
$
190,336,220
'143,504
1,291,511
1,102,314
surplus,
Total
______
__
102,160,929 106,636,481
CHRONICLE
THE COMMERCIAL & FINANCIAL
,
,
liability
Dong-term
Traffic
51,093 681
1,332, 075
53, ,954,685
1, ,653,676
1,846, 654
2 ,279,781
82, 332
1.
balances.,
car-service
accounts
Miscellaneous
2,879
and
_•
;•
payable—
payable
Wages
accounts
96,316
2
-
Comparative
of
Statement
Years Ended Dec.
Income,
1943
1944
Railway operating revenues
Maint. of way and structureMaintenance of equipment—3.
Corp. Approved—
31
r
1942
Unmatured
Accrued
Other
8, 072
unpaid.......
accrued——
—
interest
tax
current
204, 848
Unadjusted
Unearned
26,459, 866
_
13,330, 700
12, ,371,363
2, 365
51
766, 375
'_
credits
and
loss—Debit
balance
General
-V.
■
'' 109,201
396,149
411,193
349,078
Net
—
from
revenue
operations
ry.
180,026
$5,725,624
2,119,682
$3,554,564
Dr619,029
Drl50,130
$3,023,533
Dr95,73.7
Dr248,527
operating incomeequipment (net)-:—
rents (net)!,
Z. :!i-'
of
$5,168,948
$3,605,942
tax accruals_i___rx-—-w_.
Railway
102,160,929 106,636,481
-
v
expenses
Railway
Hire
Total
3,472,530
183,843
_
Dr22l,782
Net
$2,738,386
income
$3,182,651
ten
security
holders
the
of
Chicago
Surface
Lines
Total
the Federal Court for permission to file a plan, for private
have asked
reorganization
of
the lines.
'
,
'
.
1,200,975
.
deductions
Period Elided April 30—
Gross
♦Net
518,064
Assets—
votes
$105
367,737
in
to
York
New
dated
Stock
14,
payment of
principal), is being made
i6i, p. 2553;
•
v.
and
April
60
was
75,469
supplies
735,120
69,455
166,271
received
notice
59,700
oii
Miscellaneous
account
of
'Interest
interest
Unmatured
the
accrued—
—2
Other
tax
(Corporation De
Ventas De Salitre Y:Yodo De Chile)—Interest Payment
at
the
of 2%%
rate
the
for
half-year
Total
,8,578,319
;
—
ending
Sterling income debentures
at the counting house of Messrs. J. Henry Schroder & Co. in London,
-J. Henry - Schroder Banking Corporation in New York and
at Credit
Suisse in Zurich, Switzerland.—V. 161, p. 1766.-Tyy
30,
1945,
is
made
being
6,232,385
Joseph
S.
Hildreth
Musselman- who- was
Gross
C.
G.
of
Chairman
automotive
company's
elected
been
has been named
Buzby
the
has
/
the
Board.
161,
C.
A.
Years Ended Dec. 31—
Operating
Operating
expenses
Net
from
rev,
f
T944
-
from
16,291,053
$17,449,959 $14,406,619
195,198
Cr586,495
♦ 10,939,206
Crl06,405
rents—
269,461
176,338
165,838
incomeincome..
$4,914,310
$6,440,820
$5,222,964
141,155
70,728
126,198
income—
$5,086,416
$6,581,975
$5,293,692
$6,084,245
oper.
Non-operating
Total
>rinph
Deduct,
gross
t.ntu 1
total
fvnm
from
o-vnss;
3,755,992
from
*8,896,710
121,106
Cr338,601
-
gross
5,458,886
3,690,187
income
1,824,603
1,881,811
1,861,213
2,153,776
1,286,712
1,127,123
V 745,708
avail.
income__
$3,432,479' $4,222,757
$3,261,813
$4,700,164
122,670
3,588,000
Divs.
on
pfd.
stock
122,670
Divs.
on
com.
stock
2,691,000
122,670
Gross
3,588,000
Net
$143,789
♦After
$795,000 in
$872,444 in
1944,
refund
1
48,425
56,517
22,055
28,248
V 58,113
:■
^
733,665
'768,545
725,864
2
IF,749
264,961
'•
331,921
306,367
101,449
181,149
...
115,221
148,218
1945
$115,339
*8,853
*13,768
x
Cash
from
agents and
(Dr)
conductors.—
86,132
and
current
Deferred
assets.—,
1,130,930
I__III
1,376,989
103,690
.!
62,238
assets-.
♦1,105
11,626
7,931
♦6,328
I
7,802
"
61,739
1,570,596
1,148,060
$87,948,784 $88,309,842
—
...
(par $20)
$8,970,000
—
accounts
and
wages
,
$8,970,000
2,453,400
stock, 5% cumulative (par $100).
Equipment trust obligations
•
2,453,400
5,943,000
-
5,298,000
•
payable...."—
'
1,758,774
Miscellaneous- accounts
Interest
matured
Dividends
matured
payable.
unpaid—.
;
unpaid...
tax
liability...
Other current liabilities.
Deferred
liabilities
Additions
property..^,...
loss—balance...
Earnings
Net
from
Net ry.
,2
Legal
railway.
railway
oper.
from
Net from
Net ry.
—V.
income...
railway..
railway.—
oper.
161,
47,681
Account for Years Ended
ago
vision
31
1944
1943
$191,162
$260,497
15,300
15,300
3,740
3,775
1,567
179
40
—22,315
1945
fees!
—
income
/
Net
for
11,979,616
dividends—-
16,201,309
13,791,372
31,134,727
32,531,895
9,663,034
222.
8,716,701
$87,948,784 $88,309,842
the
;■
363
June
$3,124,471
1,510,049
$2,523,886
1,125,306
June
$3,254,256
1,290,754
390,321
548,264
412,529
"
Gur
371,553
over
pre-war
now
been
-
$57,770
$63,701
$90,111
20,000
20,000
20,000
maintenance
40,103
40,103
40,103
39,338
•materials
March 31, 1945
income
15,052,100
5,443,651
1,920,822
16,003,488
6,689,166
2,137,015
15,170,071
'•
f,
4,586,814
1,989,643
2,402,386
Corp.—Proposed Merger-
totals
of
weeks
;
.
C!c Inc.
1944
*2.4
183,875,000
...
161,
p.
""
188,358,000
189,132,000
*0.5
186,360.000
^
—22—22—
161, p. 2441.
-
weekly
this
186,989,000
179,851,000
177,602,000
'
*0.3
1.3
-
2784.
1944,
an
as
to
a
,
^resources.
day
the
course
The
conditions
from
small
for
con¬
pro¬
for
explanation
ex¬
new
current
our
this.
Bub
is
abnormally large and is bound
with a refunding program. '
which was in effect from Feb. 1
of
revenue
time
it
about
$1,400,000.
in
was
of
force,
The
effect
slight.
very
was
that
time,
war
is,
year-round
saving time, re¬
&
Southern Corp.—Weekly
kilowatt -hour
output
of
electric
energy
of
Output—
with
of
daylight
summer
about
$1,750,000.
Maintenance
y
:
.
244,721,559
for
the
increase of 6,892,361, or 2.82%.—V.
corresponding
161, p. 2784.
week in
.
.
.
Expenditures
were
$10,000,000
some
the
:
.
-
.
Increased
for coal than
business
clauses
stockholders
before
labor
also
held
There
in
all
the
but
.
and
higher
costs
of
factors.
,
of
plans
;y
.
,
in
by
In
1939.
course
now
are
offset
schedules.
.
For
paying about
the
case
of our
by reason of the
the gas business
the-Companies.-
y
Service
for
Commission
this
'
"
and
year
•
;
certain
refunding
--
of
months^1
some
await
now
we
~
'
the
.-
securities
our
has
abeyance pending the outcome of the merger proceedings,
capital expenditures which we are proceeding to
certain
are
fthich will add to the overall
operation. I refer particularly to the
in certain of our electric generating
'stations, At the present time we have under construction such a unit
of 65,000 kilowatts capacity at the Hell Gate station which it is hoped,
Will be placed in operation late this year or early next.
We expect to
order a similar unit of
50,000 kilowatts capacity for the Sherman
Creek
station, to be ready during
1947.
With these and a large
number of miscellaneous projects under way, we anticipate that ex¬
make,
as
and
economy
can
we
installation
obtain
efficiency
of
topping
materials,
of
■
our
turbines
Trustee Resigns—
Frank
a
&
W.
director of
,
Power
Yonkers
Smith
Co.,
Electric
New
>
June
on
Brooklyn
•
26
•
..
resigned
as
a. company
.
Light
&
Power
Co.,
161, p. 2784.
and
Consolidated
1945
;
.
trustee
Edison Co., New York & Queens
York Stea.m Corp.,
Westchester
Electrical Subway Co.—V.
,
Refunding -Plans
and
early
for
We
informed,. a petition
to merge into
of its principal subsidiary Companies
one
Commission. '
of
be borne
to
Public
paid
we
rate
Proceedings
concluded
were
the
the
have; been
Consolidated-Edison
been
for
are
prices.
this "is
in
continues
cost
Merger
been
higher coal
in
steam
higher
As
work
Increased Price of Coal
.
,
ton
per
and
adjustment
*"■'!
has
prices
maintenance
again
once
more
electric
fuel
-
in
high.
for
recent Settlement between the coal miners and the operators
resulted
24%
remain
lines
costs.
used
2
.
The
,
subsidiaries
adjusted to show general business conditions = of
for the week ended June 21, 1945, amounted to 251,—
compared
instead
penditures" for new construction will amount to $22,000,000 for
.'as contrasted with actual expenditures of $8,100,000 in 1944.
corporation
territory served
813,920
confidence
-
expenditures, which in 1.944
the
Development
the past four
with last year:
1945
Commonwealth
The
of
Colorado Fuel & Iron
Output—
188,163,000
2
with
-
connection
in
revenue
levels,
off
decision.of
"11,270,123
7,423,708
p. 2440.
See Wickwire Spencer Steel Co. below.—V.
kilowatt-hour output
comparisons
9—.
♦Decrease.—V,
th&
Although the aluminum plant has
nearly a year, our electric production
equipment is still being operated under high sustained load condi¬
tions as compared with normal pre-war levels, with resultant higher
loan,
23.—".—
June
cash"
continuance
time,
maintenance
34,223
117,500
16.
June
1944.
available
brownout,
High
64,920
Week Ended—
1942
1943
1,202,907
the
of
of
short
the
not
cash resources—that i3, cash
securities—are $112,000,000.
A
present
cash,
,
resources
in
loss
the
that
.y
43,427
Electricity output of the Commonwealth Edison group of c0mpaniesf
excluding sales to other electric utilities for the week ended June 23,
1945, showed a 2.4^ decrease from the corresponding period last year.
are
is
-
the
a
annual
38,680
Commonwealth Edison Co.—Weekly
percentage
the
cash
for
is
of
because
1945,
year
forward
of
System's
under
to
that
saving
our
Hearings
Date
1944
calculate
y
3,085
$100,000;
accounts payable, and accrued
charges, $129,262; taxes payable^—other than income taxes, $932;
reserve for Income and "excess "profits taxes, $14,354; dividend payable
on
preferred shares, $5,000'r dividend payable" on
common shares,'
$10,025; reserve for .depreciation of fixed assets, $525,338; 8% preferred
stock
(par $5), $250,000;
common
stock (200,515 shares, no par),
$190,837; earned surplus, $177,757;'total, $1,403,506.—V. I60;.p. 7.
and
of
caused
8,
curfew,
249,982
...Balance Sheet,
Following
twelve
the
the second quarter of 1944, but
Government
eventually
estimate
May
duces
Assets—Cash,
$18,918; accounts
receivable—less reserve,
$6T,5ll;
inventories, $456,772;. containers on hand,- $16,749; -prepaid expenses;
$15,945; fixed assets—at cost, $713,819; rights and contracts, $U3,792r
total, $1,403,506.
'
; ■ - '
309,984
for
and
of revenues which
level
a
look
may
the
depreciation,
$63,959
-
dividends
Liabilities—Bank
months
~
calendar
net income
made
amount
.daylight
88,085
57,965
May and Year to
$3,219,798
28,070
570,364
We
the
we
the
time
U. S,
related
reduced
20,000
profit—...I
Common
.
oil shortage.
acute
year's revenues to be at least as
uncertainties of the present situation make
in prophesies as to the year's earnings, but
think
being
for
the
in
had; $85,000,006
we
44,306
taxes—•
Preferred
V-.'..;
was
15,215
2,710
April
early
calendar
1945
over
as
an
be
We
$365,652
of
first three
contained in
The
I
term
penditures
to
March
and
Quarter Earnings
indicate
for
indulge
present-
struction,
220
43,711
48,717
to
increase
short
509,926
122,551
$158,017
; ;> 23,160
profit
fees
Federal
From Jan. 1—
Gross
628,331
121,222
1942
and.fees.__i
Depreciation
■
_
1945
from
;.
45,557
„—
May—
Gross
57,648
24,991
528,968
11,265,922
.
...
to
Total
42,668
Z
—
credits
and
33
—__~2~CZZ111
...Z-__„I"Z
~ZZ~.
"
Unadjusted
Profit
503,435
__II"
I~_
"IZ
Unmatured interest accrued—...
Unmatured rents accrued....i
Accrued
2,499,644
365,029
figures
1944.
that
the
At
.
stock
Preferred
Audited
sals,
in
say
plus
637,049
March
indicated
stock
sustained
expect
as
such
-
operating
Directors'
1,144^702
Llabilities•Common
Net
Exec.
of
impact
The
whether we shall be subject to excess profits taxes
Much depends upon the course of our revenues and other
throughout the rest of 1945.
i
hazardous
will
slight
63,961
'
"
2,382,987
Unadjusted. debitsTotal
174,392
1,415,067
1,750,840
acbounts receivable
supplies
Intdrest and dividends receivable
Other
57,681
3,099,411
2,368,387
Miscellapeous
MatmMl
9,700,000
42,701
Traflic and car-service balances
due
9,000,000
—
31
the
it
<
$97,727
2441.
Comparative Income
'
:
■
from last year*
up
January.
time
be
would
great
1942
$108,489
20,120
41,673
income^..',
•
•-
in
year.
in
during
First
on
for -the
March
common
months'
12
to
of
.
last
the period
over
revenues
to
——————„—$64,858,246 $64,619,483
4,730,437
5,309,958
Temporary cash - investments.
Special deposits '
-
this
at
These
f
Commercial Alcohols, Ltd.—Annual Report—
1943
is
quarter are also
weather
weather
warm
statements
.tha
year
p.
;
revenues,
electricity
of
the
winter
I
1943
1944
$129,120
income—.
161,
period
steam for
severe
of
department
of
sales
'Comments
ended
developments
likely
railway
707,877
railway...110,322
oper.
electric
in-
customers
V
for the year.
^
1944
:
tide
on
mine
654,293
railway
♦Deficit.—V.
profits'tax of
a
holders
to
30
earnings of 83 cents- and $2 A
respective periods (see. V, 161,
p. 1877).
These statements included, for the first time in our history,
-accruals for Federal excess profits taxes, although we cannot deter-,
share
and $575,000 in 1942.
1943,
■
Investments
Balances
of excess
General Balance Sheet, Dec. 31''
j.
Assets—:
post-war
to
months
$158,965
"
from
Net ry.
180,000
deducting tentative
and
to
dollars
in
The
corresponding
gas
Income
1942'-
1943
$148,814
33,452
12,980
income.—
railway
from
declared
have
June
payable
fully reflected in the first quarter, however, and will affect to
greater degree the sales of the second quarter. Steam sales were also
affected by the cancellation of certain contracts, made on a temporary
From Jan. 1—
112,447
2,242,500;.
Inc.
approp. for addit.
and betterments
the
of
V
>
1944
$114,000
••
railway
oper.
directors
the
share,
a
*
Total
measured
year's.
decrease-
-Earnings-
Columbus & Greenville Ry.—Earnings-
Net ry.
that
per
not
May—
Net from
v
,
_
aluqiinum plant
1,861,488
25
cents
.
last
for
the
1,301,407
railway—
Gross from
Company
-
^
*
•
unseasonably
6,480,859
2,453,825
Net ry. oper. income.—-'
—V. 161, p. 2440.
t
,
from
Net
15
the
primarily
1,025,932
•railway^!.—!
oper.
June
on
-
t.
business,
of
Sales
$5,958,047
172,106
Gross
167,768
ry.
!
railway
Holding
l,
to
.
of
tion
•
From Jan. 1—
$9,543,206
facility
Net
253,685
270,001
1945
from
ry.
equipment—.
Our
2,060,294
.income™
May—
■Gross
Net
10,636.845
or
Joint
'•
1941
Net
Taxes
Hire
$798,237
466,130
the
to
$112,000,000—At the annual
meeting of stockholders held on May 21, Ralph H. Tap*
scott, President, stated in part as follows:
-
6,389,423
railway
Colorado & Wyoming Ry.
13,078,386"'
opers.- $15,234,121
$1,193,507
contrary
that System output of electricity
and purchased) for the week ended June 24*
171,500,000 kwh., compared with 164,400,000 kwh.
corresponding. week of 1944, an increase of 4.3%.
Local
4.3%.
basis,
1942
1943
19,763,905
___v. 23,012,600
157,716
railway—.
oper.
$33,246,721 $37,213,864 $30,697,673 $22,621,591':
revenues
309,000
manner
a
generated
due
—V. 161, p. 2657.
President
$1,382,730
491,225
' 257,349
$1,299,505
income—
1993.
p.
Cincinnati, New Orleans & Texas Pacific Ry.—Earns.
-
from
from
Net ry.
.
as
railwayrailway.——
oper.
weight, to
so far this year is
ahead in dollars ira
kilowatt-hours,
a
decrease due entirely to the closing down of the aluminum plant la
Queens, our largest electric customer of all time/which was in opera¬
1942
1943
"particular
and
Cash Resources Now Total
spite
1944
'
in
of
June. 25.
amounted
ahead
-;
From Jan. 1—
.Net
'
Hildreth
succeed Mr.
to
division.—V.
ry.
Gross
succeeding
President,
of
from
Net from
■
President, Ete.—
elected
1945
May—
Net
Chilton Co.—New
Date
May 3, 1942,
in Power," the decisioia
Corporation
proposed merger
announced
the
of
2
116,122,758
Earnings for May and Year to
the 5 %
on
Arizona
of
order
our
169,800,000 kwh., compared witb
.162,800,000 kwh., for the corresponding week of last year, an increase
11,613,660
113,915,112
;
and
The company on June 27 announced
,
interest
Payment of
June
the
14,500
-
";b
(distribution of electricity amounted to
287,013
:
9,683,265
__
Electric
.
11
I. to dispose of its interest
pointed out that the SEC gave
G.
also
(electricity
'for
28,69-1
1,429,748
66,334
a™
:
;
712,300
'
'
59,255
-
credits __!
Surplus
.1945,
1,937,182-
._™._.
liabilities
liabilities
■■V" V;34;206
29,191
liability
current
Deferred
>v
614,336
..
Unmatured: rents accrued
Accrued
898,794
:/!;; 28,796
48,554
payable..:
unpaid
matured
'Unadjusted
Chilean Nitrate & Iodine Sales Corp.
U.
was
38.541
accounts
at
.
"operating
their prop'-
Consolidated Edison Co. of New York, Inc.—Output—*
'
771,718
the
The Fund now has shareholders in 21 States throughout the country*
,It was originally established by Murphye, Favre & Co. for distribution
to clients-in the Pacific Northwest.—V. 154, p. 52.
"
17,000,000
1,327,581
..
of
Arizona
out¬
'
be combined, and that-their merger will servetending-toward the economical and efficient
integrated public utility system."
i
the sale by Commonwealth will result in the effec¬
be '"financed
to
It
46,421,836
420,329
(Cr)
payable...
and
provisions of Section
that
( of record
31,000,000
17,000,000
42,760,836
_
Power
'
because
their
the
and
redemption
Composite Bond Fuftd, Inc.—15-C.ent Dividend—
1,564,135
31,000,000
...
pursuant
New York,
of
•
116,122,753
—
__
Long-term debt
ZZ
_i__
.Traffic and car-service balances
for
,Act."—V. 160, p. 1292,
''
stock
Preferred
y
presentation of debentures for stamping.-^-
on
135,377
1,691,802
called
an
approval to the
-was
2,690,308
•
.'„
i—Z
be
that acquisition by Mr. Tucker of the stock of Power held
Commonwealth should not be approved because the transaction
by
; *
124,162
—
L—
——
Liabilities—
that
District
17V2%
additional
an
assets
debits
Audited' accounts and wages
Southern
Court,
assets——_________—!
current
will
Electric
for
tended
1,015,059
767,493
_——
dividends receivabie__L_;__'——
133,913
consolidation,
and
merger
Arizona
to solicit proxies
Commonwealth
Commission has given its spe!
related security issuances.""
;
The dissenting opinion, filed-by Judge Robert E. Healy, agreed that'
•the combining of Electric and Power was* "most
desirable," but con¬
105,089,619
4,635,273
142,887
than
logically
of
the
It
fact
•tcific
840,464
receivable
accounts
$ '
of
stock, of. Power
quarterly dividend
compared
as
agreement
other
interest- by
of
added.
the
113,915,112
..
.
from
receiv.
Unadjusted
each $1,000 15-year 5% gold debentures, due 1943, and
debentures, due 1957 (stamped as to payment of 7on
of
15-year 5'%
>'
$
-
80,047
.Common- stock
in
has
Exchange
District
S.
-
■
105,461,344
—
and
,Deferred
of 17%%—
U.
June
principal
interest
1
the
of
order
after
is
April, 1944.
To Make Payment
The
tuation
-
i____™___!
I
agents and conductors
_1
deposits
balance
Net
deductions,
and
income
surplus adjustments.
of restaurants operated
should
public
development
1943
4,559,970
Special"'
Other
of
number,
with 72
.*
309,363
other
•
;■ v.--
merge Arizona Power and
Co.
Arizona Pvower proposes
stockholders
preferred
a
share
a
-the
2,042,958
.
that
com¬
'relationship between Arizona
16,332
Dec. 31
Sheet,
Power
common
plus accrued dividends.
The" prevailing opinion declared
that
$1,592,849
•
Investments
v :
,
the
upon
standing
432,52p
114,538
Balance
;V;'yy
.-Interest and
$6,757,868
-
■
——
other
exclusive
The
...
145,739
General
Arizona
of
stock
simultaneously with the delivery of the
Power
common
'
1945—4 Mos—1944-
expenses
profit
♦Includes
but
$6,549,395
98,733
59,756
alter
taxes__
and
$2,588,219
1944
Material
-
1945—Month—1944
$1,669,268
$1,690,175
profit
inc.
Uet
1
$2,174,779
charges—
the
to
proposes
Arizona
directing
''.;.
Miscellaneous
(& Subs.)—Earnings—
fixed
after
of
held
"Additionally,
Income
-
Childs Co.
the
erties
.
a
to him
now
Tucker
into
$3,635,807
1,459,430
$4,359,442
1,771,223
Income avail, for fixed charges,__
Fixed charges
:
shares
tendered
shares
'Mr.
$3,652,139
$3,634,209
income™.
from
$4,383,626
24,183
"
Fower
wholly-owned subsidiary
,f !%"'■)!:' ''%
■
j)
'.l\r
■,}•}■ Upon consummation of the contract entered into on Nov. 24, 1943>
922,533
$3,652,293
18,084
_
Arizona
the
in
the
by Commonwealth,
'of United Gas Improvement Co.
•
petition, filed with Judge Michael L. Igoe, seeks the adoption
plan either as an alternative to the city's plan under
public ownership or as a preliminary step to the consummation of
the city's plan.
%■'.
.
Judge Igoe said he considered the petition-a general objection to
the city's plan;' A hearing on the motion was set for Aug, 15. • The*
SEC will report on the city's plan Aug. 13 and a hearing on objection's
to the SEC report will' be held Aug. 15.
.'/'
The
petition contended that under the city plan - there could, be
only one value for the Surface Lines, property—$75,000,000—whereas
the reorganization value' of a new company under private ownership
would be Tat- least" $120,000,000.—V. 161,- p. 1421.
private
a
income
Miscell.
Their
of
be
mon
$2,729,605
913,907
Operating income.,..
!
—.!_'
railway
Other
in
of
terms
additional
-may
^
for
the
tfrom .its'
Chicago Surface Lines—New Transit Plan Sought—
:
2:-\
_
.
161, p. 2440.
Attorneys
James. C'.-
Under
f)rl98,191
.Joint facility
$3,734,582
711,049
1,614,384
rf
sale of its interest
Tucker, President of the
Arizona Electric Corp.
44o-l decision of the SEC.
-.v.:
transaction, Mr. Tucker will pay Common-'
)wealth $999,650 for 14,920.15' shares,
or 89.8%; -of Arizona
Power's
outstanding common stock and' $15,400 for 200 shares,. or 1.67%, of
'its outstanding preferred stock.
■, ■
,J.V;'<£' ■
•;
In addition, Mr. Tucker is obligated to purchase for $67 a share
:
any
_Df24,106, 292Dr25 ,201,000
—
193,988
4,222,073
168,788
.
———
operations
766,375
———...
Appropriated surplus
Profit
Miscellaneous
to
,2
:
proposed
approved June 25
;was
28 522,091
liabilities—________
surplus
Transportation
■
897,402
_
207,843
5,294,890
Traffic
2,604
1 ,466,119
-
-
liabilities
Deferred
8,072
1, 930
1,319, 377
'•
-
liability
Corporation's
Corp.
$17,031,687 $14,192,749 $10,746,777
2,486,274
1,818,296
1,165,072
2,752,119
2,194,409
1,736,289
—
'
Dividends matured
Commonwealth Utilities Corp.—Sale of Arizona Power
29 ,816,067
2 879
debt
and
Audited
29,816 067
-
conversion
for
-Annual Report-
Colorado & Southern Ry.
Liabilities—
:
Capital stock and scrip outstanding-.!—-'Stock
Monday, July 2, 1945
and
as
Electric Light
Lighting
Co/,"*
Telegraph
&c
.Volume 162
:
-
THE COMMERCIAL & FINANCIAL
Number 4399
.
: Total
oper;
-
operat-
heating
r^/enues
,-ing
622,907
.
-
revenues.
deductions
Other
953,482
>
71,142
——
2,340,181
Years Ended March 31—
Subs.)—^Annual Report—■
■'•>/"/
■>:
~
"Net
for
taxes
excess
'Total
of
..Net
—
1
$2,794,425
' $2,999,577
$2.11
■
..
.
,
$6,537,521
.
$1.94
The directors have placed the common stock on a quarterly
with the declaration of a dividend Of 25 cents per share,
.
"Before
payable,
record July 7.
of
holders
to
'
16,253 Preferred Shares—
Redeems
>
•;
to
which
June 21
expired on
shares of common"
at the rate of two
was
preferred.
Net
the
of
C.
Robert
board
of
Fenner,
The
be
funds
The
A.
Y.
\Vatertown, N.
a
Continental Insurance Co.—Extra
capital
June
stock,
Like
30.
and on Jan. 10
"
:: 7,
?
•
.-
» •/-"
.
"'•'/•[■^
A.
^
a
-
.
;
■
Crane Co., Chicago—Registers
v;
Commission
$100).
Morgan
the underwriting
The
proceeds
group.
•
161,
and Exchange -.
stock (par
will head
-
Crosley Corp.—Seeks Permission to
Sell Control—
control of
WLW, Cincinnati, and a number
The proposal is-to sell 305,100 shares
Corp. for $11,898,900.• - .<
station
and other stations.
stock
common
Aviation
to
application represents part of a previously
deal involving sale of Crosley Corp to AVCO.
The
of
of*
-
announced $22,000,000.
Motors, Incr below.—V: 161, p. '2784. ;.
Se also 'Crosley
.
-
'
'
Net
Crosley
Powell
receive
a
■
'
_
railway__l^„.
ry. oper. income__.
from
Net
ry.
from
ry,
Gross
Net
ry,
—V.
21,513,128
19,416,338
4,063,591
5,969,115
5,898,163
3,962,178
3,495,042
from
Net
from
Net
ry.
Net ry.
railway-$6,449,667
2,025,474
688,092
879,017
railway—-^
oper., income™. ;
Gross
from
Net
ry.
income—
oper.
ry.
of
25
& Light
cents
per
33,196,728
i
11,846,345
Net
railway..
cper.
.{ The
ance
ment
New York Stock Exchange has received notice that; in accord-'
a
transitory provision of the Constitution of Cuba, pay¬
of $30.78 on account of the principal' of each $1,000 principal";
been
has
declared
the
on
of
will .be
the
National
i
first
made
rider
.
mortgage
on
June
attached
City Bank,
.
-
30,
gold
bonds, 5V2% series of 1942, due 1942,
presentation of bonds for stamping
Payment will be made at offices- of-
upon
thereto.
New York, and Havana,
" • :
■ ; • '" " - -
Cuban Telephone Co.—Calls
Cuba.—V. 161, p. 2330.
i
of'
the
outstanding
railway.ll
11,712,067
5,574,448'
28,320,556
: 9,278,797
6,258,647
2,748,538
•
;
,
Will be redeemed at the rate of $97.33 for each
£ 20 upon
presentation
year,
;
1,600,776
853,795
payments: On
share.—V. 161,
Atlantic Ry.—Earnings—
1942'
1944
$4,306,705
1943
$4,352,096
$4,230,689'
3,054,511
2,972,068
$1,297,585
296,840
$1,258,621
311,652
$642,880
$1,000,744
$946,969
9,074
expenses
3,372,932
$933,773
290,894
!
26,910
17,233)
$633,806
$1,027,655
' $964,202
895,571
903,369
—
revenue
and
taxes
(Dr)
1,584,454
.
•
,•
-
.
•
•
-
Net railway operating income.
;
■
.
after
all
: "Deficit.
12,320,857
15,312,034'
Deposits ih lieu of mortgaged
Miscellaneous; physical
4,004,816
Ltd.—Earnings—-:
for
$8,408,152
l.'.i
$3,014,027 $41,859,508 $20,574,022
per
share
5,180,395
$3,227,757
$1.79
2,534,270
29,245,076
12,883,370
$479,757 $12,614,432- "$7,690,652
$0.18
$6.91
$4.09
subsequently-reversed $1,000,000 provision in
inventory price decline and after
giving effect to a reduction in April, 1944, of $4,764,280 in inventory
and profit before tax and $2,941,370 in income and excess profits taxes,
represeittirig the Federal excise tax of $3 per proof gallon on floor
stock at April 1, 1944.—V. 161, p. 1654.
eliminating the
year
1944
.•
...—
adj.
invests,
of
in
debits
loss
...
deficit
,
136,511-
"
147,798
59,595
59,106
:i,510,205
1,513,698
100,402
677
Crl,088,895 Crl.088,895
3,711,417
3,323,31?
5,334
5,605
187,828
411,301
27,319,863 26,883,208
securs
assets
and
1
—
4-.
:
Total
-
-
$77,561,844 $76,812,186
Liabilities—
-
profit
companies
assets
Unadjusted
Profit
property sold
property....
affiliated
in
investments
Current
•
1945—9 MosT—-1944
1944
j 1943
;
$45,824,435 $45,788,422.
Cr219,733 JCr217,357
and equipment—
grants—
and
.
>
31
Dec.
Assets—
Investments in-foad
Donations
7,054,147
Sheet,
$60,835,
-
....
Balance
16,854,403
prof,
taxes
>.;
General
S
$132,084" :
"$262,691
...
27,918,100
operat¬
charges
—896,496
income
Other
1945—3 Mos.—1944
fixed, charges—
avail, for
Income
Investments
r
(net)..—
income
charges
1,300,432
1,030,011
;
Income and excess
"After
3,650,244.
$1.50 per share on
holders of record
the company made the following
per share, and on Dec. 5, 50 cents per
$1
rents
Deferred
fiscal
112,490'
Co.—To Pay $1.50 Dividend—
June-20 declared a dividend of
stock, par $50, payable July 2 to
Net
$3,866,392
$5,975,364
•'
.
Period End. April 30
Earnings
.
211,426
2442.
Last
Common
stock
Preferred
57c
first mortgage convertible bonds due
Jan.
1,- 1951, have been called for redemption on Jan. 1, next* at105 and interest.
Holders may obtain, on and after Dec. 15, 1945, the
lull
redemption price of said bonds, including interest thereon to
Jan. 1, J946, upon presentation and surrender of said bonds.
Bonds elected to be. payable in coin or currency of the United States
All
1,826,797
1,002,921
1,025,047
income.
revenue
Other
.
(Expressed in United States Currency)
Net
5% Bonds—
1942
$60.9,395
•
4,088,212
1,859,841
;
1943
4,256,499
2,153,555
1,152,178
-
4,234,348
railway-
Fixed
1942
1943
$5,892,812
Distillers Corporation-Seagrams
ing
42,916
$742,046
299,766
155,993
1944
117,491
common
Net
Net
RR. —Earnings—
1944
30,889,370
161, p. 2442,
Profit
RR.—Earnings—
1945
• ■
Duluth South Shore &
out¬
79,863
.
161, p. 2442.
Calendar Years—
Co.—25-Cent Distribution-—
'3,508,563- " 2,077,251'
1,411,739
1,747,096
lu
income,
with
amount
of
•
17,036
1874.
Res.
Railways—Principal Payment—
Cuba Northern
\
68,908
11,431
'
$7,433,224
„
fret ry.' operi income.
~V.
42,724
"854
railway
30,
4,214,623
share
railway..
from
from
■?*■<* 36,917
r
directors on
Sept.
8,917,587
5,502,361
From Jan. 1—
Gross
350,286
income.
20.
28,276,646
8.637,783
•
1945
from .railway.
Net xy,
--
common
from
Gross
407,754
Dolese & Shepard
The
.
Net
7,429
388,642
$724,921
281,725
154,207
161, p.
the
stock, no par value, payable July 31 to holders of;
record July 2.
A similar'distribution' was made on Jan." 31 and April
30, this year, and on July 31 and Oct. 31, 1944.
The July 31, 1944,
payment was the initial one made on this issue.—V. 161, p. 2217.
standing
'
210,804
oper.
June
161, p. 2658.
dividend
1,082
$669,403
Operating
A
16,800
3,722
railway-
from
ry.
Gross
! Delaware Power
9,151
railway...'.
from
Net
1,156,781
13,165
"1,864
395,793
income—_
oper.
Net
2,251,835
3,564,601
•
1942
$75*773
From Jan. 1—
Gross
$6,319,783
32,637,536
31,289,732
6,549,418
2,730,082
railway
from -railway—•
Net
1943
$97,327
.
' '
from
•
1944
$84,199
"9,597
railway.-
from
Net
:
1,317,560
212,000
328,588
'
_f
railway
May—
p.
Net
from
"Deficit.—V.
;
.2,741,562-..
969,640
•
-
income
from
:
1942
•'
$7,252,384
$6,847,759
V 1,558,375
1943
1,298,559
395,079
#464,062
$76,771
railway
oper.
ry. oper.-
RR.—Earnings—
1944
;
>1945
railway
Net
2785.-\y'V
1945
270,983
366,388
_
From Jan. 1—*
From Jan. 1—
Gross
161, p. 2555.
—V.
,
...
income...
oper.
from
Net
3,653,949
r
railway
Detroit & Mackinac Ry.—Earnings—
17,956,808
6,088,610
2,135,776
;
1,357,212
1942
$214,019
45,281
70,690
1944
" '
1943
$259,740
$250,215
43,479
74,639
63,106
90,597
-6^''
railway
; May—
Gross from
888,920
20,098.271
-
from
from
:
Delaware Lackawanna & Western
income...
'
'
1945
$255,423
45,792
67,431
1,226,917
234,775
355,833
railway.^.—
oper.
Net
1,348,835
income
V;: 161, p.
'
railway....
From Jan. 1—
-
1942
railways-
oper.
$20,123,481 $19,962,547
...
"
Net
$3,904,207
'
7,914
1,494,393
Dr626,432
1,621,626
Dr626,357
...
...
—....
Detroit Toledo & Ironton
1943
1,243,991
716,690
42,130
18,874
.
:
'
Net
''
rallway___„.
from
Gross
Net
..........li...
»;
'
780
45,591
275,108
295,158
51,048
;
44,984
302,590
309,100
'
'
A
$4,012,538
1944
1945
$3,709,242 -,$4,388,-732
609.789 2 1,223,222
450,885
705,625
railway
2,208
•.
accrued__________T__
liabilities...
May—
' '
'
....
...
liability
Net
-
-
unpaid..-
$5,317,104"
12,500,000
100,000501,881
$5,317,104
12,500,000
200,000
391,222
'
liabilities
Gross' from
Gross
Date
$20,123,481 $19,962,547
Earnings for May and Year to Date
RR. into Delaware & Hudson
the New York P. S. Commission."
"
tax
the
'
'
-
1
......
Total
a
bonds, which are
premium of $593,310 and
Denver & Rio Grande Western
announced Juhe 21 in a letter to stockholders of >
the Crosley Corp. that he would offer stock in Crosley Motors, Inc.,;
at $6 a share and would acquire all unsold shares himself.
'
r
;
'The company, which before the war was a manufacturer of- midget:
automobiles, was not included in tKfe sale of Crosley interests to .
Aviation Corp. for $22,000,000.'
,
- ; ' .
; Mr. Crosley said- he hoped to start on production of cars by. Oct. 1.
> <
174,641
56,256
;
Corporate surplus
From Jan. 1—
"' '
M';
Crosley Motors, Inc.—Stock to Be Offered—
540
.
Unadjusted credits
bonds (due Jan, 1, 1975),
1, 1947, and 5V2% per
^Eiwnings for.' May and .Year to
May—
■
2,570
.
...
interest
current
Deferred
&
Rensselaer
the
of
bonds
Other
v
Power Crosley filed an application with the Federal Communication*
Commission on June 22 to sell his controlling stock in Crosley Corp.,
to the Aviation Corp. of New York.
The transaction pertains to the-
television
will
107%,
from
—V.
corporation's
2785.
p.
from
Gross
with- treasury funds)
(together
4%
Corp. has been approved by
May—
will be used to retire
192,803 shares of $5 preferred stock, which will be called for redemp¬
tion Aug. 17 at $105 per share.—V. 161, p. 2784.
v >
'
Net
«:
shares of 3%% cumulative preferred
Stanley & Co. and Clark, Dodge & Co.
160,000
49,200
assets
matured
Accrued
of Albany &.Susquehanna
merger
Gross
who
Preferred Stock—
88
49,200
4,454'
360
94
receivable
debits
Unmatured
$30,984.
"of
May—
was
"A
registered with the Securities
,; The company on June 21
1
.
\
31
Dec.
...
of ' 40-year:; 3%%
gold bonds of the Albany &
RR., due April 1, 1946.
Holders will receive accimed or
interest of $233,333, no- premium.
(5) $4,187,100 of A. 6c S. 4%% general mortgage bonds, due July 1,
1975, and callable on Nov. 1 at 116.
Holders will receive premiums of
$669,936 and $47,105 for accrued interest.
The '..corporation" states that, the bonds to be redeemed constitute
all
the funded
debt of the Delaware & Hudson, except equipment
obligations and $2,791,400 of the subordinate bonds of the A. & S.,
which is held by the D. & H. company and which will be subordinated
to -the new bonds'. •
A;-;-':'
V.;. ;.
The
application for ICC authorization of * the "plan assumes that-the merger into the Delaware" & Hudson RR. 'Corp. of the Albany &
Susquehanna'RR. will be consummated; on or about July 2, 1945, .and.
gives effect to the various transactions incident to the ;merger as
though it had already been accomplished.■
—V.
■
.V-/4'
Sheet,
'-
$14,432:
$83,910
$4,108
$1,813
Balance
stock- (50,000 shares no par)...
Interest
$10,000,000
The
meeting of the stockholders will
Howard County, Texas.
outstanding as of April 30, 1945,
annual meeting.—V. 161, p. 3C8.
at
interest
Railroad
at Big Spring,
to one vote at the
1,128,650
payable..............
Audited accounts and wages payable
Miscellaneous accounts payable
1-,. 1961, callable Oct. 1 at 103Vs.Holders
of $64,015 and accrued interest of $12,193.
% Merger Approved—
V;
be held on July 16,
.: 7.-•
.'. There were
exclusive of treasury-.,
shares, 463.802 shares of common stock and 42,543 shares of pre¬
ferred stock.
Each share of common and preferred stock is entitled
1940.
annual
Sept.
(4)
on
10,
The
.
1945,
638,839
$932,387
917,955
and btils
Loans
>
that-date.
Mr.: Karcher was first elected a director on-'
July 15, 1940, but resigned from the board on Sept. 16, 1940.
He has
served continuously as Secretary-Treasurer of the corporation since
June
$1,212,560
—
Capital
H. Co.
/; "
(
Karcher,
resigned
premium
a
Director, Etc.—
Secretary and Treasurer, on May 18, 1945,
director to fill the unexpired term of C. J. Wrightsman,
V.
elected
•' 7.-_;-.7
*
$642,945
Long-term debt
duplicate
an
Cosden Petroleum Corp.—New
:
17,052
$888,646
886,833
; Liabilities—
series A,.
Hudson Co. and will
the new bonds will
Susquehanna
-js-a
'
$915,335'
13,213
assets
Total
■
-
$1,199,347
12,280
oth. inc.
current
Unadjusted
available Nov.-1 at 107V2, plus
$7,910,800 of R. & S. general mortgage
accrued
the corporation's paper
manufacturing plant in
Dividend—
$630,665
receivable
Deferred
April
due
callable
regular semi-annual
the
RR.,
receive
; (3)
extra dividend of 20 cents per share,
dividend' of 80 cents per share on the.
par $10,
both payable July 16 to holders of record'
amounts were disbursed on the stock on Jan. 15, last,;
and July 10, 1944.—V. 161, p. 983.
directors have declared
The
and
$248,800 for accrued interest.
(2) $1,829,000 of first mortgage
will
161, p. 1994.
cars.—V.
I
with
583,285.
———
Other
and
Saratoga
;-7.
>/77': .7 r
;
60,000 sq. ft, two floor concrete
railroad siding to accommodate six.
--"-V-„
„
served
building,
24,564
608,020
....
refunding mortgage bonds,
$1,866,000 for the bonds, which are
of
,
property consists of a modern
The
factory
Cr8,283
13,982
oper. &
Rents
refunding 4"&
bonds, due by extension • May 1, 1963.
An"
$2,331,800 of the bonds owned by the D. & H. Co, will be -;
surrendered
for
cancellation.
Bondholders will receive a premium
New Plant—
Eggerss, Vice-President in charge" of
division, has announced the addition of a
H.
338,308
45,539
567,131
$874,663
ineome.
oper.
Accrued' interest
.
additional
; :
;
Continental Can Co., Inc.—Adds
and
bearing interest at the rate of 4.7% until Jan.
annum
threeafter until, maturity.
Holders of
$1,655,870.—V, 161, p. 2330.
Was
first
H.
&
1
first
for
current cash.
368,582
109,862
.
-Assets—/r,1944
1943
in
road, equip., etc..___i_
$18,708,943 $18,487,718
181,357
163,878
Temporary cash Investment.....
.2,000
Special deposits (.to pay matured bond coupons)
44,984
45,591
Special deposits (employees' war bond fund)..
29,742
,6,158
Traffic .& car service balances receivable.
:
125,716
181,760
Net bal. recciv. from agents and conductors..
18,595
13,428
Misc.
accounts
receivable
171,738
213,703
Material and supplies..^.
733,748
614,567
Cash
$50,-
probably have an interest rate between 3% and 3%%.
'
,
The bonds that will be refunded are (1) $24,880,000 D. &
bonds as of July 31, 1945, at 102%, plus accrued interest. .
this purpose will be provided out of the company's •
The par value of bonds outstanding as of June 1, 1945,
mortgage 5%
,
Investments
.
D.
new
1980, will be guaranteed by the Delaware &
dated July 1, 1945.The corporation states
due
of the board, announced that the
the calling of all outstanding first
Chairman
299,793,
119,444
1,482
684,701
-
,
(net Cr)
General
•
$572,415.
had authorized
directors
$656,406'
income
Net
exclusive of $68,598 recoverable
aggregate amount of $48,806,900 of old bonds of the Delaware & '
the Albany & Susquehanna RR. Co.,; and the Rensselaer &
RR; will be called, and the holders will be given premiums_
amounting to $3,193,261 and accrued interest after Aug. 1, 1945, of.
Illinois—Calls 5% Bonds—
Consumers Co. of
Federal income taxes (after charging < $42,3711945 and $46,146 in 1944).
An
-
'
$921,352
Deductions
$243,014
$152,999,
surplus—
Hudson Co.,
common
new
$477,655'.
* 773,458
Saratoga
stock.
What the Pittsburgh Coal preferred stockholders will get in 3%%
debentures and capital stock of the new company is based upon a
formula giving
consideration to the amount of Consolidation Coal
common stock outstanding
at the close of business June 21, Appar-.
ently the Consolidation common outstanding on that date, including
the amount to be issued
on the preferred conversion, total 672,198
shares.
77;/ -:"7'
v:;7>
■ :>7'\\v7y V'>V777,"7;
-On this basis, and applying the formula given in the merger plan,
the Pittsburgh Coal preferred stockholders would receive in exchange
for each share of their stock approximately 3.23 shares of stock and
$26.04 of debentures in the new company.—V. 161, p. 2329.
,
share
ry.
.Total
standing issues.
■;
915,580
116,797
68,598
Hudson RR, Corp.—Proposes New
&
31,655
" 954,437 T.
129,821
Other income
000,000 Issue to Refund All Old Bonds—
,
The corporation has applied to the ICC for authority to issue $50,000,000 first mortgage and refunding bonds in order to refund out¬
:'';7;:7''.
There has been no exercise of stock purchase warrants of Consolida-.
tion Coal since terms of the merger with Pittsburgh Coal Co. was
announced.
These entitled the holder to purchase common stock of
Consolidation at $25 a share.
Under the merger terms, the new :
company,
Pittsburgh Consolidation Coal Co,, will honor ;any of the
outstanding warrants up
to and including Nov. 1 this year, the
holder paying $25 in cash and receiving $7.50 in debentures and one
of
one
for
for 1945,
income
Delaware
Holders of 16,253 of the 53,629 outstanding preferred shares elected
redeem
their stock for $53.06 "A
a share.
The conversion right
for
net
332,830
547,568
"
367,870
(net)
Hire Of equip,
facil. rents
Under the
carry-back provisions of the Internal Revenue Code is equal,, after
dividends paid during the year'on preferred stock
(now retired), to,
27 cents per share on the 202,000 shares of common stock outstanding)
at the
end of the year, as compared with $1.04 per common share
earned in the preceding year.—V, 161, p. 2658.
The
This dividend is payable one'
month in advance of the usual date.
7
7 7,
An initial distribution of 25 cents per share was paid Feb, 15, this
year, which was followed by a similar payment on May 15. . .
' '
16
July
provision
earned
to-
$2,459,879
-•
$667,495
revenue.'
oper.
depreciation and amortization in
for
dividend
basis
transferred
inc.
Net
•
Inc.—25-Cent Dividend—
Consolidation Coal Co.,
fecov. under carry-back prov. of Interleas' related adjustment of
post-war refund
—
'7,939'
47,791
133,402
1,136,049
,
Tax'accruals
Revenue Code,
nal
•
'
.
65,017
,
$2,880,759
345,148
550,728
31,154
.
32,698
35,623
Jt.
.
income
$2,801,612
559,354
647,647
-
60,518'
Trahsp. for invest.—Cr_
years
$6,556,802;
$4.50
$4.52"Provision
for
estimated taxes,- including taxes
on • income.
No
provision for excess profits tax was necessary for 1944 or 1943.—
V.- 161. P. 1994.;
•; • • • ' .
■
■
' ' /•
. '. Net
Earns, per com. share..
696,186
677,156
& Struct. V
equipment...,',
General expenses
$243,014
$84,401
respect of Federal taxes paid in prior years
Federal inc. and exc. prof, taxes paid in prior
62,403
16,412
56,459
$3,345,911
■
of. way
Transportation
,
; 485,604'
46,066
57,650
20,040
•
Traffic
•'
1944 -.
exclusive of amourit recoverable in
Net income,
53,138
22,724 V
'
Maiht.
$8,065,244728,618;.
130,467
Federal
;on income (no
profits tax' payable in 1945)
'
736,050
,/"./'•
1945
$6,511,200
income
Prov.
'
,
$2,278,615
All other
\ '//;)
v\',"/■
1941
$2,676,789
73,442
Mail
'Express-
France,1
Bank,; 41 Rue Cambon, Paris,
Net.sales----ijs-
2,392,633
673,237
994,242
56,231
The-.Chase
at
'2517.-/';. /
p.
Davega Stores Corp, (&
$9,550,940/ $9,685,486
$3,844,899
■
premium on bonds
of
;
amortization
and
Int.
$4,024,202
income
.Gross
i
..
159.
:
Maint.
$8,888,288 $9,038,629:
662,652646,857
$3,568,567
-276,332
282,016
income
render'thereof
—V.
$52,910,806
1 13,332,303 ' 32,340,445 31,086,068 1
2,554,230
6,290,924' '>5,724,820*
,3,978,613 - 7,394,389
7,061,288
$3,742,185
Operating income /__
and .surrender .thereof, at the oifice of the trustee, *
( 3, London, England.
: / "
Bonds elected to be payable' in French currency will be redeemed at the rate of 503 francs for each
£20 upon presentation and sur¬
...
1942
87,938
49,684
,
Passenger
'
1,075,219 1 1,063,615.,
636,872
$24,299,131 $23,433,714 $54,914,047
Operating expenses 'iu." 13,821,219
Deprec. & amortization
2,903,686
■>Xaxes v-i--------- 3,832-,039
Other
•;
*
1943
.$2,578,093
56,044
revs,—Freight—
Oper.
Street,' E.C.
Lombard
1944
$3,108,496
108,963
Calendar Years—
presentation
upon
6'
Salt Lake Ry.—Annual Report—
Denver &
and, surrender thereof at The Chase National Bank of the City of New
York, trustee, li Broad Street, New York, N. Y., or at. the office of
the trustee, Aguiaf 310, Apartado 642, Havana, Cuba.
'Bonds elected to' be - payable in -English sterling Will be- redeemed
Electric Light & Power of Baltimore
(& Subs.)—Earnings—r . .
- ;■ ":.'V ■
'' - Wr.!1
; Period End. May 31—/ \
1945—5 Mos.—1944 :
1945—12 Mos.—1944 >
Electric oper. revenues. $17,871,722 $17,194,531 $41,627,064 $39,991,985;
Gas operating revenues '.
5,804,501 „ 5,602,311 ; 12,211,762. 11,849,2061;
Consolidated Gas
Steam
CHRONICLE
for possible future
$12,000,000 $12,000,006
10,000.000 10,000,006
*
stock
-
1,107,990
23,000,006
1,072,226
liabilities
476,689
28,699,457
909,086
2L849>724
Unadjusted credits
2/277,708
1,981,06*
Long-term
debt
in
Non-negotiable debt
Current liabilities
Deferred
Total
—V.
.....
161, p. 2442.
default
to affiliated companies—
—-
—
-
—
23,000,000
$77,561,844 $76,812,106
.
4
THE COMMERCIAL & FINANCIAL CHRONICLE
8
Net from
Net: ry.
1944
1945
•
from
railway-*!-'
$5,741,863
$5,047,086
$5,468,356
3,812,458
3,404,400
4,009,294
2,506,708
2,926,922
3,032,527
1,162,035
oper,.income™
from
Gross
Net
from
Net ry.
—V.
-'.-'V
10,405,989
railway-—
1,420,227
income..—
oper.
161,
2442.
p.
.'..V1-'.
,
6,932,522
9,523,477
2,323,943
2,925,102
railway..—
'
1,084,408
9,815,996
4,606,595
1,281,506
904,312
342,297
.
V:-
':A'
..
■
V.
161)
2555.
p.
7
'•
.
ha®
determined
now
"Two
to
Period End. May 31—
the
"It
of
been
3,953,572
1,234,587
Net
ry.
3,678,830
$165,408
$810,701
$801,343
3,145
3,449
17,512
18,362
$184,839
$168,857
_™
Interest
inc._
funded
on
etc.,
-
Domestic Industries, Inc.
25,322,824
17,801,301
income
6,840,705
7,133,845
8,910,434
8,670,907
oper.
Net
$828,213
of
27,579
125,101
67,160
329,792
*
$74,118
$92,528
$373,320
taxes
profit
Earnings
$343,934
2658.
p.
Division
Total
$1,439,499
$4,783,856
923,642
4,414,432
$6,223,355
5,338,075
$515,857
$369,424
purchased notes & accts. receiv.—
int. earned
Total
Home
on
$885,280
52,398
the
week
operating
of
ended
companies
American
Power
June
of
&
during
1944
were
21,
Ebasco
Light
National Power & Light
administrative
Services,
Electric
Co.,
Power
&
Light
Corp.,
expenses™.
Other
income,
Co., as compared with the corresponding week
in thousands of kilowatt-hours:
before
Provision
for
Federal
Federal
taxes
170,328
3,464
91,061
10,338
taxes
—
income
on
101,943
3,450
3.4
Power &
Power
&
Light Corp.—,
Light Co.—
Pet.
Amount
Class
net
15,656
.
244,175
(est.)™—
A
dividends...™.™
'Expenses of
tive
$372,384
small
.™'™__
——
_—™
Elastic
Suit
for
from
loan
1
—
offices,
and
direct
t231,086
.—
administra¬
and
selling
provision of $54,000 for doubtful loans and
recoveries of $52,000 on loans previously charged off).
tOf which
$230,286 paid out of capital surplus and $800 out of earned surplus.
Consolidated Balance Sheet,
March 31, 1945
•
Campbell, in U.
the
the
S.
District
corporation,
Court
plaintiff,
of Northern Illinois,
and
Frederick
toal,
$568,037;
Nut
in
Greer
stock
Net from
Net
ry.
railway.™
Gross
from
$344,400
$219,500
125,470
49,739
—V.
63,125
a
89,726
Gas
Associates
Fuel
and
Esna
collar
Stop
and
Nut
and
advertising
of
Purchased
per¬
Oper.
Esna,
Esna license.
an
collar
makes
been
has
the
product.
nut
Files
the
In
the
decree,
the
at
a
court
the issues of unfair competition should
plaintiff and against the defendant.
the
The
from using the color red
or
in
locking
defendant Greer
connection
factured
■
when
(b)
Elastic
company on June 22 filed
Commission
a
supplement to its
Hearings
A
The
plan
the
tion
proposed
of
plan
held
that
by
with
Elastic
other
colors
is
therefore
the
recapitalization is stated by
of
of said
(2)
Act,
approximately
$10) in exchange- for
preferred stock
(par
(no
it to comply
of enabling
(b)
par).
Each
be. exchanged
tion
of
all
rights
and
of
the
five
for
share
share
resented
The
of
the
6%
effect
style,
new
by
the
proposed
1,870,690
holders
of
15%
or
shares
Eastern's
of
the
connection
with
of
preferred
will
be
resolved
in
any
Corporation
of
not
in
in
the
the
new
stock
The
of
earnings
three
and
to
for
issuance of the
restatement
of
the
rights rep¬
77""
of
amounts
aggregating
$46,379,228
stock
preference
stock
America,
except
6%
intangible
assets
this
decision
statements
to
is
cited
months'
12
as
described
refund its
the;
in
plan,
*
outstanding with certain
including increased voting rights,
Eastern
and
outstanding $55,497,000 of 4%
will
its
use
best
efforts
to
first mortgage and collateral
trust
bonds with debt bearing a sufficiently, lower interest rate
to
make such refunding advantageous.
The plan indicates that approval
of such refunding will be sought, and this
step of the plan consum¬
mated
independently
of
plan.
the
Such
of
,
the
approval
refunding
the
is
and
consummation
subject
of
T-he
of
the
prohibit
which ' proposes the refunding of
sten in its plan of recapitalization,
application,
Eastern's
outstanding bonds as a
provides for the Issuance and rrle nufUant to the competitive bidding
requirements of Rule U-50 of $40,000,000 first mortgage and collateral
trust bonds, due
1965, to be issued und°r an indepenture dnfed as
of
July
Mass.,
l,
issue
notes.
agreement
banks
annual
between Eastern
trustee.
to
promissory
ing
1945,
as
proposes
loan
ry.
in
period
last
ended
week's
March
and
In
and
The
wfi
proceeds of
the
be
Eastern.
installments
sale
of
t^e
sell
and
privately
The
notes
$750,000
new
by
bonds
the
Co.,
$15,000,000
the
bank
between
date
notes,
of
the
in 20
of
also
unsecured
terms
serially
year
appro¬
accounts
purchases,
with¬
$20,128;
accrued, $24,452; Federal
$25,655; Federal taxes on-
Report—
1944
1943
1942
$3,333,985
—™_
$3,470,503
$3,389,965
1,563,030
1,565,806
1,436,492
456,960
434,655
—_.i.'.--
those
477,845
£.eg._
82.173
170,000
170.000
332,537
tax™
normal
96,701
:
170,000
325,263
334,638
inc.
:
y
241,489
303,846
Gross
Net
$451,610
336,353
$551,928
"Chronicle"-
31,
$595,656
189,831
the
for
$2,946,454
741,979
■
counts
and
15,560,089
14,164,428
orders
in
U.
S.
583,000
Sheet,
3,438,224
3,750,143
1,213,876
596,505
•Deficit.—-V. 161, p.
2,171,546
689,000
81,
1944
'
'
investments
(at cost), $4,908,200;
from
notes—tax
sales
of
in
'
stocks
capital
,
cash in banks and
series
electric
C,
at
on hand,
$226,000;- ac¬
cost,
and
energy
of
merchandise
^ V
Liabilities—First
$2,000,000;
mortgage bonds,
accounts
payable
series A,
3Yb7", due May 1,
1968,
affiliated
to
companies, $5,898; account
$128,680; other accounts payable,
$14,443; dividend
declared payable
Jan. 2,
1945, $106,000;
accrued
taxes (including $245,000 provision for Federal income
taxes(,$257,974;
payable
to
interest,
Montaup
Electric
Co.,
$11,118; accrued payroll and other expenses, $8,123;
deposits,
$24,870;
reserves
for
depreciation,
$2,836,638;
and deferred credits, $21,305; 210,000 shares of
capital
stock • (par
value $25
per
share), $5,250,000;- 5,000 shares of em¬
ployees' stock (par value $10 per share), $50,000; premium on capital
stock, $678,741; earned surplus, $1,683,608; total, $13,077,299.-
(not
reserve
Earnings for
May
12 Months
and
1945—Month—1944
1945—12 Mos.—1944
$102,080
$98,33^7
$1,250,788
$1,206,657
Operation
60,271
57,906
736,794
728,292
Maintenance
10,309
9,234
108,406
102,539
Taxes
16,996
15,056
205,657
173,246
!™_
$14,503
$16,140
$199,929
$202,579
(net)
2,417
939
24,696
13,716
$16,921
$17,079
$224,626
$216,295
6,333
6,333
76,000
76,000
69
76
2,323
2,610
$10,518
$10,669
$146,302
$137,685
115,817
105,890
Operating
revenues
•91,145
13,551,672
oper.
Non-oper.
revs
income
5,006,857
■
1,157,197
Balance
Retirement
2443.,
Interest
Elliott
Co.—To
Reclassify Unissued
nancing Proposed—
stockholders
of
and
5%
on
June
unissued
27
stock
cumulative
approved
into
preferred
Stock—New Fi¬
Net
res.
accruals
charges
new
issue
of
—V.
is expected early, in July.
The new stock will be offered
plus accrued dividends.
proceeds will be used for working capital.
If some of the
existing preferred stock should not be
might.be used to retire this issue, it
ferred
A
2658.
"
Texas—Earnings—
$3,931,829
$3,768,207
1,292,108
1,293,098
Maintenance
17,013
15,553
194,687
Depreciation
24,370
24.095
290,070
286,81(f
76,237
64,443
872,809
810,634
33,637
30,265
379,518
368,739
$902,695
35,631
$828,078
Fed.
Other
income
taxes
taxes
.
180,840
Other income
CO
(0
$63,868
.
c-
X>r239
(net)—
OCO
and
Drl0,524
Balance
Preferred
•Excludes
2658.
.
'
245,441
$45,245
—v
—
dividend
21,580
$692,826
$44,440
operations
of
properties
'
67,501
requirements
sold
Dec.
31,
1943.—V.
is-ue.
the
lend¬
semi¬
T*e
together with
ry.
capital
railway™-
for
extra dividend
an
dividend
stock,
July
to
20
of
80
of
20
cents
cents per
per
share
share
on
the
both
-
i
1943
1944
$2,539,108
'953,466
402,637
$2,961,806
1,277,661
14,985,285
6,539,331
income
from
from
Net
ry.
—V.
67,501
railway
railway
oper.
161,
15,741,041
7.641,344
15,290,202
2,717,649
3,426,170
4,764,228
1942
539,098
$3,297,017
1,890,811
1,071,736
$1,490,113
639,770
512,900
income™
7,860,435
,
3,232,409
2,546,484
2443,
p.
Fort Worth &
p.
8,339,814
May—
Denver
City Ry.—Earnings—
1945
1944
1943
$1,404,376
415,383
.
$1,215,277
$1,117,551
425,926
504,666
175,4§4
201,248
209,143
241,953
'108,148
1942
.
Gross
Net
Empire Gas & Fuel Co.—Partial RedemptionThere
declared
semi-annual
railway-™—'
oper.
Net
$558,081
161,
called
of
From Jan. 1—
$817,55.3
259,471
$938,267
18,383
amortiz—
$66,020
have
par
1945
from
from
Net
Gross
$63,628
\
been
emount
Florida East Coast Ry.—Earnings—
'
i
Balance
has
provide
usual
$10
Net
ID
to
May—
i
revenues..™
the
Gross
.
Net oper.
of stockholders
increase in the
payable July 16 to holders of
record June 30.
An extra of 40 cents per share was paid on Jan., 15,
last, one of 20 cents on July 10, 1944, and one of 40 cents on Jan-. 10,
1944.—V. 161, p. 985.
100.341
$319,487
and
present
1945—12 Mos.—*1944
1945—Month—1944
—_
^™,—w
Stores, Inc.—To Increase Pre^v
Fidelity-Phenix Fire Insurance Co.—Extra Dividend—
$301,503
revenues
meeting
proposed
a
The directors
A-('V':7
104,359
Operating
Operation
special
stock
and
El Paso Electric Co.,
Department
authorized preferredvoting rights for the preferred shares," No fur-1
ther details of the program are available at this time.—V.
161, p. 2659.
funds
was
said.
However, the call
price of $54 per share for the existing preferred stock, which is con¬
vertible into 2.77 shares of common stock, is substantially below current
market'pricS, indicating that most or all will be converted.—V. 161,
p.
—
Stock—^
consider
part of the
converted,
declared
161, p. 2443,
Federated
Public offering by E. Eber-
stock.
—
40,000
& Co.
$51
Income
Dividends
reclassification of certain
a
proposed
a
of
affiliated
Net
•
636,000
Dec.
$3,979;
progress,
Treasury
receivable
077.299.
1,212,002
13,805,900
railway—4,804,618
income™
64,912
$693,352
(less $2,986 reserves), 3293,517; accounts receivable
companies, $7,942; claims for refund of 1941 excess
profits tax resulting from retroactive provisions of the Internal Rev¬
enue Code, $75,000;
other accounts receivable, $10,249; inventories (at
average cost or less), $143,964; prepaid insurance, $5,394; total, $13,-
$2,926,449
95,556
oper.
64,507
$672,932
appliances
from
1942
■
$2,767,265
763,012
259,469
railway—
162,608
$758,264
63,086
;
Balance
Period End. May 31—
387,270
from
from
185,511
$737,439
$578,355
year—-™
—
$303,803;
for
are
respectively
1943
805,463
income
:
$641,441
—
income
work
other
Boston,
Eastern
principal
mature
from
and
Trust
application,
negotiations
will
each
Street
to "banks
and
rate
deformined
of\iie
State
supplemental
interest
income
Montaup Electric Co.
simulates the
Elastic Stop Nuts,
1944
$2,954,104
railway
railway———
oper.
Interest
supplemental
$110,000;-
Assets—Property, plant and equipment, at cost, $7,100,150; construc¬
tion
who
one
rest
supplemental appli-
a
cation.
current
$82,548;
bond
accrued,
income
-
161, p. 2785.
Period End. April 30—
on
remain
changes in the rights of such stock,
taxes
and
wages
surtax—
Dividends
From Jan. 1—
The
new
and
representing
will
Net
from
from
shares
the
to.
par)
prior
Net
at
approximately
Eastern's consolidated balance sheet and other
proposed adjustments,
As
provided in the plan,
the present 245,373 shares
($100
4»/2%
Gross
stadt
approxi¬
capital
common' stock"•($37,018,651)
existing
of
a
than
Federal
operating
not available;
1945
authorized
331,400
the holders of Eastern's
\
7:
v
the
for
common stock the plan,
represented by Eastern's
preferred stock ($37,413,800) into $22,020,900 common stock capital and $52,411,551 capital
surplus.
A portion of this capital surplus is to be used to eliminate
an earned surplus deficit of
$35,312,153 resulting from the elimination
provides
for
consumers'
The
exchanged
all
common
and
inventories,;
(est.),
satisfac¬
of
distribution
plan,
97,473
and
Net
manu-
nut
outstanding
mow
stock
and
Net operating and other income-™,
Interest charges
enjoined:
insert
dress,
Net ry.
6%
quoted
in
Electric Bond & Share Co.—Earnings—•
stock
be
satisfaction
common-stock
new
present common stock.
In
stock
common
stock
in
result
85%
or
of
shares
marketable,
$735,841;
taxes
$567,491;
taxes
——
Net
form and appearance of plaintiff's
In respect to the color, of the self-locking insert, from
continuing such simulation and- acts of confusion, including the act
of
coloring the self-locking insert red and the acts of publishing
advertising matter showing a self-locking nut with a red insert, and
from otherwise advertising in words or by illustration, or both, that
such manufacturer is entitled to and does identify his goods by a red
locking insert. The decree further prohibits the use by one other than
Elastic Stop Nut Corporation of America, of the names "Elastic Stop
Nuts," and "Elastic" in connection with any self-locking nuts not
manufactured by Elastic Stop Nut Corporation of America.—V. 161,
p. 2658.
7v7'\7
1944.
common
stock
would
6%
(par
oMcommon-
shares.
allocation
mately
shares
374,1m
proposes
stock
the existing shares of 6 % preferred
accumulated unpaid dividends amount¬
common
present
Eastern
other
(aggregate
deducting U. S. Treasury tax notes—at cost,
be applied in pa'rtial payment, $653,205),
energy
other
exps.,
tax
particularly
provisions of Sec¬
common
shares
preferred
of
plan
a
by
present
new
plan,
new
outstanding
shares
represented
of
the
the
the
of
1,988,400
stock, Including all rights to
ing to $32.25 per share as of Dec. 31,
Each
with
to
shares
presently
$100)
share
will
Pursuant
2,202,090
its
the applicant to be
1945
and
premium
colorable imitation of such color
any
Nut
Stop
are
May—
follows*.
as
(after
revenue
^
;■
salaries
interest—to
electric
Provision
the
Elgin Joliet & Eastern Ry.- -Earnings—
recapitalization.
of
payable,
income
Taxes, other than Federal Inc.
publishing illustrations and in any way advertising selflocking nuts showing a red insert; and
from directly or indirectly representing that the defendant Is
licensed by the plaintiff.
:v--1:7.
The
Exchange
and
the plan are scheduled for July 11. 7-T:;.>7'>':.
the proposed transactions is summarized
purpose
11
issue
Ve
Securities
the
statement of
for
to
on
with
Government
profit-sharing
for
Depreciation
Stop
glance, and
Plan—
The
accounts
from
June 30).—V.
Refunding
Sheet, March 31,
S.
Maintenance
feature of
a
recognizable
(a)
the
Eastern
U.
franchise
and
operating
Other
of
All
of
.
.....
the
Elastic
Esna
self-locking
red
It
the
(2)
106,390
244,710';"'
13,664
•
life
of
$13,926;
accrued
Gross
imitated
company
that:
held
favor
285,926
562,737
Balance
Fall River Electric Light Co.—Annual
Co.,
934,400
288,965
239,817
■
22,503
9,516
railway...
oper. income™
2442.
54.402
.
1,055,400 V
1,628,300
jj.
'
v';''
v
1,136,500
161.
$183,200
value
accrued
19,401
:
railway.™
Net from
Net ry.
1942
1943
44,601
income
oper.
From Jan. 1— •'
1944
$226,300
railway...
$0.50
$554,181; deferred income, $1,392,563; capital stock (par $1), $500,000;.
$446,311; earned surplus, $1,037,299; capital stock In
treasury—at cost (52,463 shares), Dr$287,'294; total, $4,377,260.—V. 159,
p. 2415.
'
•
self-locking collar, through usage, advertising and sales promotion,
a property right
of Esna, and that It was the company's com¬
pany's commercial signature and mark of identification.
The court
income
on
1927.
Identifies
banks, $2,650,000; accounts payable and
1945
from
$0.86
paid-in surplus,
red
(c)
Duluth Winnipeg & Pacific Ry.—EarningsMay—
Gross
$1.18
136,233'
was
$9,871,085.
Federal, taxes
the
self-locking
since
(1)
(est.), $261,742;
reserve for contingencies,
$7,000; reserve for compensation insurance,
$7,000; preferred stock, $4,648,575; class A stock (par $1), $416,098;-:
class B stock (par $1) $3,200; capital surplus, $547,235; earned surplus,
$762,198; total, $9,871,085.—V. 159, p. 2645.
expenses,
copied
red
of
appearance
implied that it held
The
■
Liabilities—Notes payable to
accrued
Stop Nut Corp. charged that the Greer
distinctive
and
receivable, maturing generally within 12 months (after reserve for
•doubtful loans, $173,539), $5,245,210; trade accounts receivable
(after:
for doubtful accounts, $11,500), $881,269; purchased notes and
accounts
receivable
(after
unearned
discount of $8,850),
$157,048;
inventories, $938,026; investment and other assets, $450,492; property,
plant and equipment (after reserves for depreciation, $241,502), $506,587; patents
(on
the basis of cost, less amortization of $4,781),
$154,619;
$253,040
12 Months Ended Dec. 31—
The Elastic
reserve
deferred charges,
287,658
$428,344
amortization
employees'
taxes,
plus
validity of
between
less
income—estimated
Stop Nut Corp. of America—Gains Decree in
a company's product distinction, established through
advertising and sales promotion, against unfair trade practices
competitors was maintained by a court decree handed down by
suit
.
Assets—Cash, $1,405,037; marketable securities, $111,077; small loans
$21,719;
762,904
$544,257
$1,772,074;
employees
payroll
Against Unfair Competition—
Judge W.
371,853
(including
expenses
859,770
$1.33
Liabilities—Trade
held
include the system inputs of any companies
not appearing in both periods.—V. 161, p. 2785.
$616,559
—
profit™
dividends
>
$596,688
cost
surrender
priation
The above figures do not
sistently
Consolidated
Preferred
389,273
insurance, $33,043; property, plant and
equipment (net), $297,226; deferred charges, $281,229; total, $4,377,260.
11.3
105,393
cash
2.0
101,399
336,775
income.-—
on
1942
$4,415,662
716,002
—-
Assets—Cash,
securities—at
defendant.
Frofit
1943
$5,187,777
1,307,160
market,
$93,487;
accounts
receivable
(net),
$637,125; post-war refund of excess profits
follows
as
173,792
The
$600,903
:
deductions™.—
less
1944
$7,939,780
$384,428), $375,235; escfow deposit (returned at subsequent"
date), $42,000; land trust certificate, at cost, not in excess of indicated"
usage,
_™™.
—1
1
1945
market,
and
1944
by
Balance
Taylor
1,456,458
Consolidated
System inputs of client^
Inc., which are subsidiaries
the
1945,
1945
$937,678
_
office
B.
$9,460,440
share
capital
profit
Helen
deducting post-war refund.
Services Inc.—Weekly Input—
Ebasco
For
National
Division
Gross
appointed Miss
of the Society.—V. 161, p. 2556.
—
per
•After
Electric
Industrial
Small Loan
Disc't &
21
337,570
Operating Subsidiaries of—
American Power & Light Co
Earnings for Year Ended March 31, 1945
T
June
on
tax.
prof. bef. Fed.
•Federal
138,201
67,417
-
.
directors
Esquire, Inc.—Earnings—
$819,705
24,894
-
income
161,
y'c-'-■■■■.
■
Total revenues——
Increase
(& Subs.)—Earnings-
sales, etc.
21,744,346
board
Net
—V.
"j
16,009,777
Assistant Secretary
an
Net
deductions
2,068,4171
■; 7:
51,962,353
161, p. 2443.
The
1,309,106
debt
Depreciation —
2,102,407
,7
.
63,744,798
Years End. Mar. 31—
corporate
;
66,856,014
Equitable Life Assurance Society of the United States
300,710
$181,694
income
Gross
1,428,207
'■ :
•
4.199,820
high
.
Gross earnings from int..,
"Cost of products sold
Other
surplus
='
-
$11,542,133
railway™
from
at
that artificially
charged
Balance
1,860,463
.'
"
1942
'
61,934,965
railway™™
—New Official—
$5,789,279
750,659
288,271
from
Net
1945—5 Mos.—1944
$1,211,096
744,978
$5,998,860
Railway oper. expenses'
Taxes™..™—.—™
1943
Ry.—Earnings—
1945—Month—1944
$1,220,624
revenues
oper.
debt,
charging monopoly and conspiracy
the instance of the prosecution
opened.
A separate indictment concerning monopoly
trade in the denture field also was quashed.
indictment,
dismissed
prices have been main¬
tained by agreement, particularly those applying to denture material.
It has been alleged that Du Pont was a part of a cartel to territorialize the world.
V"
;v: ;•
•
"Uespite the serious implications and wide circulation of these
charges, when the .time came to produce supporting evidence in court
the prosecution was unable to do so,"—V. 161, p. 2785.
,
.
.
:
has
Railway
unfounded.
be
to
were
case
and restrain
S.
the
of
counts
monopolize,
before
W.
income™
oper.
ry.
From Jan. 1—
Gross
—v.
Carpenter, Jr.' President,' regarding the
acquittal of. the company in the plastics anti-trust trial just con¬
cluded at Newark, N, J„ June 20, 1945, follows:
"Du Pont is naturally gratified at the outcome of this case.
The
decision gives convincing answer to repeated charges,
iii many cases
by responsible Government officials, alleging Improper conduct in the
plastics field.
Long before any judicial proof was offered, books,
magazine
articles,
testimony
before
Congressional
committees and
speeches carried on an incessant barrage of insinuation which a jury
by
1944
"
v
(E. I.) du Pont de Nemours & Co., Inc.—Acquittal—
statement
Net
f-
-
v/v V
1945
..
from railway— $12,716,187 $13,339,177 $13,627,140
Net from railway—v.—
3,702,090
4,319,617
5,711,509
Gross
.
..
Eastern Massachusetts Street
A
RR.—Earnings—
May—
trust
3,608,947
Prom Jan..1—
Erie
standing
1942
1943
$5,592,411
railway—
treasury cash, are to be used to retire the presently out¬
$55,497,000 principal amount of first mortgage and collateral
bonds, series A 4%, due. 1956, at 101 Vzr/o of the principal amount
thereof.'
' vIn order to facilitate prompt completion of the proposed financing,
Eastern has requested the Commission to take action with respect to
the
application supplementing the plan of recapitalization as soon
as
feasible and independently of approval by the Commission of the
remaining
transactions involved in the plan of recapitalization.—
necessary
Dgjuth Missabe & Iron Range Ry.—Earnings—
May—
Gross
Monday, July 2, 1945
have
ben
called
for
2, next, $405,700 of
3V2% sinking fund debentures due Jan. 1, 1962, at 100 and interest,
through operation of the sinking fund.
Payment will be made at the
Guaranty Trust Co. of New York, trustee, 140 Broadway, Ne$ York,
N. Y.—V.
161, p. "2658.
f
redemption
on
from
from
Net ry.
railway
railway
oper.
income
'
From Jan. 1—-
Aug.
Gross
Net
-
from
from
Net ry.
—V.
railway..
,
income
6,432,035
6,147,048
5,538,191
3,347,421
1,739,058
railway
oper.
$665,697
2,308,641
1,141,025
2,647,489"
1,069,128
841,226
161, p. 2444.
i
*
.
1,337,397
737,412
!
Aniline
General
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4399
^Volume 162
Earnings for May and Year to Date
Buy War Bonds
Film Corp.—To
&
Gross
89,500,000 proceeds of the sale last April at public, auction of
Its interest in Winthrop Chemical to Sterling Drug, Inc., will be used
The
Effective
June
1,
Central
Net
Renamed—
electric
all
utility customers. :-'/:/^
152.250
63,142
63,198
108,171
76,455
railway—
2,858,630
1,780,454
1,139,071
2,879,338
1,130,101
3,110,932
railway......
1,558,399
606,172
Income J.™.
p41,656
437,555
293,775
_
Net bal.
Net
profit
after
charges,
taxes
&
Material
sh.
agents
and
conductors
4,884,409
5,636,701
___
21,072,905
15,232,32?
18,975,564
16.4G9.334
receivable
supplies.
and
dividends
current
receivable.
23,359
on
$2.39
316,768
51,495
10.526,415
7,437,179
41.625
___
assets
Z
$718,926
$2.52
48,753
236.502
880,431
assets
Unadjusted debits.——
$756,458
$451,233
300,000 com. chs.
$1.50
Total shipments for, 1944 were $8,188,712.
per.
and
Deferred
1942
from
accounts
receivable
Other
'
provisions ,ior. renegotiation..
Earn.
receivable
Miscellaneous
257,949
1943
—
.
Interest
1944
$
812,602,012 792,128,973
'Cash
ZZZ2Z- 21,939,562 24,984,647
A
Temporary cash investments and spec, deposits
30,314,532
35,467,325
Loans and bills receivable.2,500
3,105
161, p. 2444.
Years Ended Dec. 31—
1943
$
Investments
Giddings & Lewis Machine Tool Co.—Earnings—
/•'
'•/
$386,178
338,728
oper.
31
Dec,
Assets—',
Rents
Electric
appointed Manager, according to
an
announcement
by
W. V.
O'Brien, Manager of
the company s
Central
Station
Division.
The
Electric. Utility. • Division
will have
general over-all responsibility for promotion and sales operations with
Beard
V/.
ry.
—V.
General
the name of the Customer Division of
Station - Divisions
was
changed to the
with R.
Division,
Utility
$661,287
from
from
Sheet,
1944
''•
$607,062
250,572
$541,665
Balance
1942
From Jan. 1—
Gross
Net
Eleetric's
General
1943
1944
,
196,777
railway
railway.—'
Net'ry. oper. income
Aniline
General Electric Co.—Customer Division
from
from
Net
purchase war bonds, George W. Burpee, President of the General
and Film Corporation, announced on June 21.—V. 161, p. 2786.
to
1945.
May—
Received in Winthrop Sale—
With $9,500,000
9
.
v/
Total
—..w.....,;.—
Liabilities—■
■
.
921,458,191 897,758,232
-
■
■
.
Equipment Division—
Announces New Unit
Based
Eleetric's
appointed
Manager, as announced by W. V. O'Brien, Manager of the company s
Central Station Divisions.
This new division will be responsible for
-the development, promotion, and sale of complete electric equipments
Effective
such
June
shipments
Division®
substations
unit
as
the Unit Equipment Division of General
was established with M. B. Elliott
1,
Station
Central
and
161,
units.—V.
mobile
upon present backlog
for
to
geared
war
post-war period
to
offer
p.
will
exceed
1944,
While
plans
only
not
to
>•"
Sell Debentures—
General Finance Corp.—To
'
...
3%s.
debenture
The
..expansion,"—V. 161,
the
of
purpose
2660.
p.
is
issue
..
f
been
U.
balance
no
S.
.■■■■/■'
on
issue
of
The
convertible
new
^ :.7
the company
stock.
preferred
.
the common shares of
will
of directors to the stockholders at their
1945.
Purpose is to broaden the potential
the
stock, Mr.
Bullis explained, and no change in the
surplus of the corporation will result from the action.
proposal
split
to
up
by the board
annual meeting on Aug. 21,
market
in
capital
or
$1001
(par
or
at present under con¬
The new convertible preferred stock, if
a
new
series to be created out of the
total of $10,000,000,
a
sideration
by the board.
authorized, will constitute
are
authorized preferred stock.
The additional capital will be
post-war plant expansions and changes and future
plant acquisitions, should circumstances make such a program advis¬
able in the period after the war.
Such proceeds will also be used to
presently
used
.
finance
to
maintain
ties,
inventories
well
as
to
as
in
keeping
its
increase
facili¬
other
with the ^company's expanding
working capital and provide for
! ■;V/;.1^'''
general corporate' purposes,
The details of the offering have not been worked out but the new
preferred stock, if and when issued, will be first offered to the holders
of common stock pro rata in accordance with
their common stock¬
holdings, before being offered to the public. It is now contemplated
that
/his new series of
by a
stock will be underwritten
preferred
of underwriters, headed by Dillon, Read & Co., Inc., with whom
^preliminary negotiations have been conducted.—V. 161, p. 879.
group
total
Diamond,
Secretary.
Kuchai
continue
will
the
of
Chairman
as
made
organization changes were
directors at its meeting on June 22, 1945:
following
Personnel—
and
of
the
was
of
board
President
as
elected President'
Vice-President in
Manager of sales, was elected
Dricmeyer,
the
board;
Vice-President,
Whitehead.
P.
Fred
resigned
Hoblitzelle
Harrison
Chairman
elected
was
Charles
G.
health,
of
For* reasons
by
William
M.
Secretary
Sheehan,
Treasurer,
and
was
and Treasurer;
President.
-
elected Vice-Pres¬
Vice-
elected
-V
^V
"
directors
June
on
22
declared
a
dividend
of
$1.50
per
Northern's
Great
those of 1943
$23,396,966 as
exceeding
1944
was
—V.
revenues
—
1944
1945
$47,700
$1,028,433
1944
railway's
467
1941
1944
1943
$7,353,434
4.076,060
3,833,717
$2,435,290
$3,519,717
$2,136,528
1,195.554
1,918,380
814,859
430,314
411,955
325,869
279,180
$1,189,382
$995,800
$524,290
from
rev.
oper..
Equip. & jt. facil. rents
1942
Ry. operating income.
$803,423
$5,202,725
$3,594,411
3,066,197;
2,544,321
$1,050,090
246,621
-
Other income
.',5,018
8,430
7,572
$1,204,400
424,110
$1,004,230
\
Item—
and
$834,885
425,362
revenues™.—
income
—
charges.
over
charges
$168,901
$644,271
$780,291
$
Balance
Sheet,
Dec.
31
road, equipment, etc.
Investments in
Temporary cash invests. (U. S. Treasury notes)
share
per
8.03
13.74
2.00
63.9
...
-
.
net
(1,000's)
ton
deposits
Special
:—„—
agents and conductors
from
due
108,367
14,651
•
receivable...
Miscellaneous
accounts
Material
supplies..
and
Other
current
217,607
receivable..
dividends
and
Interest
6,940
.19,045
assets—
14,282
Unadjusted debits
Total
—
141,950
336,383
.
21,000
216,877
assets
Deferred
1,316,423
183,404
669,874 '
455,238
$20,569,328 $20,248,288
$
g
25,997,529
48.461,070
30,727,340
5,620,138
16,867,023
4,997,798
4,997,795
11.63
6.72
19.39
12.30
2.00
61.2
2.00
62.5
6.75
18,574,596
16,712,427
1,258,930
1,107',901
534,239
304,050
.896
.857
.836
Maint.
1.653
—
1944
road
1942
8,209.57
$
M
8,094.73
8,071.53
General
$
$
3,176,345
49,779,649
2,487,472
2,346,377
3,359,081 V 3,181,612
2,509,275
41,672,967
2,186,816
56,180,890
opers..—
expenses—
Transp. for Invest., Cr__
Net
rev.
from ry. oper.
accruals
tax
...
$2,000,000
preferred
1,506,469
2,528,181
;
125,044,883
16,628,547
21,236,550
2,492,003
34,862,432
1,001,720
2,317,214
215,100
debt '__—'
and
Traffic
bills
and
Audited
car
and
matured
payable Jan.
Accrued
Other
tax
1
payable
Unearned
Gross
liability
—
liabilities
credits.:
,
ry.
—v.
315,696
14,443,000
11,381,000
3.547,734
4,584,731
2,205,055
2,127,050
income...
oper.
2,238,053
3,003,207
1,100,035
.
Gulf Mobile & Ohio RR.
>
Gross
from
Net ry. oper.
from
Net
from
Net
ry.
—V.
1944
1943
1942
$3,175,546
$3,075,122
$2,868,507
1,535,113
1,016,236
1,081,859
1,261,336
...
income. ..V
457,738
381,375
331,962
449,462
16,503,411
15,427,853
16,411,556
11,763,143
6,072,766
5,073,199
6,641,734
4,007,205
1,908,851
1,919,009
2,191,960
1,733,114
''/.v.C
From Jan. 1—
Gross
railway-
railway
income.
oper.
Earnings—
1945
$3,719,842
railway-
from railway
Net
161, p. 2445.
Gulf
Co.—Partial
Power
Redemption—
have been called for redemption "on Aug. 1, next, $53,000 of
mortgage 3Va% bonds due 1971 at 106 and interest, for account
the sinking fund. ': Payment will be made at The Chase National
There
first
Bank
p,
& Trust
2557.
Co.,
trustee,
Broad
11
-Earnings$1,349,196 $18,033,837 $16,251,407
$1,474, 827
revenues
374,876
1,330,628
2,021,976
14,435
i——
—...
surplus
surplus, (approp.
Earned
surplus
(unapprop.).——
26,181
997,727
917,263
2,311,932
1,928,236
200,000
439,071
355,204
554 415
175,748
2,595,713
Net
ry.
oper.
income.
Other income—
$20,569,328 $20,248,288
5,518,186
73, 540
81,121
901,471
860,235
128, 600
.....
Depreciation
Amort, of plant
126,482
1,528*181
1,479,473
acquis.
16,150
16,150
193,809
193,809
322,600
adjustments
277,683
4,236,261
3,704,697
(excl.
taxes
reduction
Other
below)
108,945
revenues—
oper.
1,305,617
1,208,959
$242,968
$3,547,315
$3,286,045
(net)
Dr2,121
—
Dr2,907
Drl6,077
29,566
$268,452
income
Other
100,345
$270,574
taxes
Net
Balance
amort
Net
$240,060
$3,531,237
$3,315,611
77,153
100,130
1,060,875
1,215,618
$191,299
in Fed.
,
incoihe
—
$139,930
$2,470,361
$2,099,993
45,339
taxes
inc.
dividend
530,091
230,699
$183,522
$3,000,452
$2,330,692
570,411
584,967
requirements
Federal
in
facilities allowable
43,592
$236,638
Preferred
as
income
emergency
1—
from
resulting
taxes
amortization
of
facilities under the Internal Revenue
facilities are, expected to be employed, throughout their
normal life and not to replace existing facilities.—V. 161, p. 2660.
which
(W. F.) Hall Printing Co. (& Subs.)- -Annual Report—
1945
1944
1943
1942
$4,356,658
535,228
$3,452,762
572,661
$3,564,474
$3,979,428
617,878
694,091
Years Ended March 31—
prof,
Gross
from
opers.
Prov.
for depreciation—
Sell.,
gen.
admin.
and
,/
1,185,172
937,383
925,939
$2,636,257
$1,942,718
$2,020,657
expenses
profit.—
Operating
94,541
$2,033,082
121,819
90,364
$2,730,798
income—
Miscellaneous
/v
985,029
$2,300,308
/
188,211
286,151
185,053
$2,142,476
86,313
1,115,000
730,000
824,000
171,441
86,268
130,162
161,973
profit
.
$1,158,207
Common dividends—485,446
$1,031,761
485,446
$1,102,000
485,446
$2.66
$2.84
$1,280,506
485,446
>
$3.30
Fed.
.
$4,488,519
>
296,040
750,000
inc.
387,503'
Minority int. in net inc.
of
subs,
32.968,620
28.562,967
39,445,076
28,001,535
5,047,063
5,061,255
4,592,878
3,626,250
—
co
Total
————
Miscell.
deductions-
post-war credits.
38,015,683
1,699,439
33,624,222
1,527,502
44,037,954
1,272,937
31,627,785
926,706
36,316,244
12,919,278
32.096,720
42,765,017
30,701,078
12,506,172
13,710,996
13,915,920
assets, $154,487; plant and equipment
(net), $6,161,484; deferred charges, $127,119; total, $15,834,156,
23,396,966
19,590,548
29,054,021
16,785,159
profits
Consolidated Balance
Assets—Cash
available
charges...—
in
banks
and
on
Sheet, March 31, 1945
hand,
inventories,
$1,978,115;
marketable securi¬
receivable (net), $1,472,084;
$1,421,263;
ties, at cost, $4,519,604; notes and accounts
for
Fixed charges—....—
/
$2.98
Earnings per share..
"After
other
payable $482,120; Federal income and excess
$1,210,104; other taxes, $297,948; salaries, wages, etc.,
sinking fund debenture payment to be made on Sept. 25,
1945, $200,000; serial debentures called for redmeption on June 15,
1945, $200,000; 10-year 27/8%
sinking fund debentures, due April 1,
1951,
$350,000; reserve for contingencies, $600,000; reserve for re»
habilitation of equipment, $75,842; minority interest in common stock
Liabilities—Accounts
Net income—
Income
and
Inc.
in
—
sink.
""
funds
250,000
applied to
other
approp.
res.
for
;
250,000
■
250,000
259,899
1,250
15,000
4,109
26
372
orofit and loss
23,142,857
19.340,522
28,802.399
16,510,260
declared
5,008,894
4,997.798
$8.03
$7;84
4,997.795
$11.63
4,997.790
$6.72
and
Income bal.
-
transf. to
Earnings per share,
'
;
- ■
taxes,
$340,812;
invest.
property
Misc. approp. of income
phys.
Dividends
— ...
6,321,180
504,445
629,075
facil.
200,000
46,304
3,134,113
1945—12 Mos.—1944
Month—1944
1945
;
for est.
100,000
677
161,
'
charges.—™...—
rents, net Or
Joint
94,970
7.112
Street, New York, N. Y.—V,
■
"Prov.
1,223,884
fixed
»
548,471
14,873,000
161, p. 2445.
Other
29,854,494
Income
90,923
$2,302,000
:
3,389,934
railway
Net from railway......
46,721,517
1,359,935
449.606
100,000
899,847
439,199
■/■>
from
16,867,023
41,160,215
1,000,000
168,225
515,130
accrued..
Earned
Total
363,857
15,475,000
income...
oper.
71,887,555
390,019
684,000
677
liabilities
Unadjusted
ry.
1942
•
$2,888,000
-
From Jan. 1—
30,727,340
29,340,489
1,084,000
6,419,699
7,690
1st.——
unpaid
interest
$2,000,000
abandonment
1943
1944
$2,993,000
653,753
395,947
614,223
.<;
77.801,559
1,653,386
287,392
payable.
unpaid—
matured
current
Deferred
wages
accounts
Interest
Unmatured
Net
railway
48,461,070
35,061,077
1,000,000
344,672
...
payable.
balances—Cr_
Interest
Dividends
from
75.062,335
Ry. oper. income——
6,419,699
;
service
accounts
Miscellaneous
Net
railway.
40,001,258
Equip, rents, net Or—^
684,000
:
......
permitting
-Earnings—
1945 "
$3,115,000
.
from
Gross
taxes
1,084,000
.....
Second preferred
Loans
certificate
a
Net
Common
Funded
issued
25
Total
Ry.
in
1941
18,801,376
26,300,208
35,443,596
Transportation, rail line
1.601
1.719
1.702
1943
28.616,041
35,530.748
& struct.
Traffic
31,
Calendar Years
207,657,795 200,573,426 165,206,031
33,078,700
Miscellaneous
June
on
May—
Code,
equipment-
of
ICC
"Reduction
8,372.03
way
Dec.
subsidiaries
of
holds directly or indirectly a majority of the out¬
Balance
passenger
revenues.—
897,758,232
deficits to
loss
13,215,683
operated
of
and
$10,552,070),
2.21
28,889,812
Income Account for
oper.
profit
(1942.
by the company of its so-called Neihart branch extending from Arm*
ington southeasterly to Neihart, approximately 38.22 miles, in Cascade
County, Mont.—V. 161, p. 2557.
I
Interest and
3.12
31,007,835
.878
(cents)
net
$8,734,543
'
32,747,241
(cents)
per
85,343,643
106,516,915
2.00
56.5
v
per
Revenue
85,585,452
114,094,613
921,458,191
aggregate
to
this company
"Red.
carried one
(1,000's)
net ton mile
1,381,773
4,997,790
7.84
"
Liabilities—•
First
amounting
Maintenance
Passengers
mile
include
Operation
1941
miles
...
341,249
98,401,468
—I.
credit balance.....
Operating
1942
'•■/'■"/-'
2.81
2.57
31.
Dec.
cap.
398.236
1,392,247
Gulf States Utilities Co
25,296,862
—...
work.
2,024,204
170.851
115,034,396
Period End. April 30—
19,586,780
earned
Maint.
1,550,000
107,790
16,116
1,800,000
is
"It
25.992,984
5,008,894
13,591,122
...
——
not
Federal inc.
share..
per
127.638
44,651,737
Abandonment—
of
■
g
40,001,251
income
Ry.
1943
$15,439,458 $15,369,951
1,732,780
1,079,472
Cash
Balances
\
1944
.
said:
1943
'
28,931,264
Dividends
Net
■
$
Assets—
:V'
Gavin
with
retir.
362,960
$409,522
General
1918.
'Mr.
207,657,795 200,573,426 165,206,031 125,044.883
23,396,966
19,590,548
29,054,021
16.785,159
12,919,278
12,506,172
13,710,996
13,915,920
cash
Average mileage of
Income
in
Calendar Years—
:/:/./•
1S44
,
xV'-V':
Operating
mile
income..
rentals-__
gross
than
operations,
fewer passenger
494
Highlights of 1944
$531,861
359,960
25,462.
1944
in
year's
.
Rev.
Total
this
cars,
that the railway will be expected to continue in 1945 its
important share in handling record volumes of war materials and
civilian essentials.
This will be the greatest contribution to the prin¬
of oper. exps. to revs.
No. of times fixed chgs.
$6,511,350
Taxes
Interest
locomotives
on
freight
apparent
Revenue
Net
less
fewer
6,140
%
revenues™
oper.
oper.
was
Northern
had
23,214
liabilities
—
"Does
maturing in
Great
Dividends per share
expenses—
Calendar YearsGross
debt
291,386
37,197,33?
liabilities.
May
funded
Northern
and
cars
Taxes
Total
totaled
1946, 1948 and 1952 was retired.
operations in the two World Wars, the
report shows that although 1944 operating revenues were $17,000,000
larger than in 1918, net income last year was only $3,000,000 greater
than in the concluding year of the first World War.
Tax accruals in
1918 were $7,000,000 as compared with $40,000,0C0 in 1944.
In 1944 the railway transported 19 y2 billion tons of revenue freight
one
mile as compared with 8% billion tons in 1918.
Revenue pas¬
sengers carried
one mile last year totaled "more than 1V* billion as
against 601,000,000 in 1918.
'. /;
'
Net
Georgia Southern & Florida—Earnings—
Total
10 years ago.
Taxes
$1,055,586
2786.
161, P.
revenue
reduced by nearly $24,000,000 in
1944, allowing for the calling of $120,000,COO of bonds and issuing of
$100,000,000 of new bonds at substantially lower interest rates.
Nearly
The
5,737,704
i.
....
accrued
surplus.....
Appropriated surplus
and fixed charges.
In 1945, Great Northern's
approximately $10,000,000 as compared with
company's bonded debt
fixed
charges will be
$19,328,227
Indebtedness
I
1945
$43,225
-
revenues
unpaid.!
503,442
5,280,733
unpaid
12,076,179
2,035,788
...
Unearned
Net
Fixed
Operating
deferred
101,589
9,094,051
payable.....
Grand Trunk Western RR.-
Although the railway's service as a military supply line was the
outstanding accomplishment of last year, Mr. Gavin emphasizes to
stockholders
another
important
achievement—further
reduction
of
—Jan. 1 to June 14—
-Week End. June 14-
/
remain
cipal objective of all of us—the hastening of final victory."
Georgia & Florida RR.—Operating Revenues'
will
year.
Net
Period—
Kirschner
2660.
p.
4,638.840
payable..
wages
Unadjusted credits...—
The
$207,657,795 last year,
by more than seven millions.
Net income in
compared with $19,590,548 in the preceding
operating
preferred stock, no par value, payable Aug.
the $6
161,
Walter
265,627,200 249,092,150
267,173,576 291,287,690
Cr___
standing capital stock.-
board;*
the largest gross
share
15 to holders of
record Aug.
1.
Distributions of like amount were made on Feb. 21
and May 21, this, year.
Arrearages on July 2, after giving effect to
the Aug. 15 payment, will amount to $60 per share.—V. 161, p. 2218.
on
and
President
board.—V.
company
gave
Commenting
was
$1.50 per Share on Account of Arrearages—
To Pay
The
Vice-President,
Assistant
150, p. 995.
in its history and a
net income $3,806,418 greater than in 1943, F. J. Gavin, President,'
informed stockholders in the company's annual report.
/v;/-1,.";/.
1944
Great
Alston,
L.
George
the
of
shares).
liability.......
Other
1943
Counsel, and Paul Porzelt of Emanuel &
members
as
tax
current
Great Northern Railway—Annual Report—
in
charge of sales;
ident and also continues as Secretary
assets $1,644,212.—V.
par
its
vJ.\ An all-time record volume of freight and passengertransportation
Comparing
General Steel Castings Corp.—Changes in
1
Harris: has been elected Treasurer and Mr. Diamond as
John J. Kehi has been designated Controller.
Hyman P.
S.
$90,000,000 in debt
The
than
and
interest
"Profit and loss
obligations other
General
elected
been
have
//Philip
preferred
100,000 shares of a new convertible
issue next fall
Plans to
stock
Milton
Co.
.
submitted
be
;\/:
(The) Grayson Shops, Inc.—New Directors, Etc.—
June 25
a
amounted
Unmatured
Other
the stockholders will be
no
balances,
accounts
Dividends matured
Accrued
Dec.
no
accounts
Interest matured
••
which
Bell, Chairman of the Board, and Harry A.
annouced proposed financing plans for
F,
dent,
•
Liquidate—
June 26,
on
■ <■.
.
service
car
Miscellaneous
stock, of which
shares outstanding
carried
at $796,053.
Capital
to $844,969 and earned surplus to $3,189, making
total liabilities and
Bullis, Presi¬
the company
which, if adopted, will involve a split-up of the outstanding shares
of common stock of the corporation on a three-for-one basis and the
James
of
as
had
59,704
are
surplus
'
.■
(2,498,922'/a
debt..
and
A.udited
but
161,
"/■■/'v./'v''./.
corporation
there
Plans Cdll for Split-up
General Mills, Inc.—Financing
Traffic
31, 1944 (since which date there has
showed that the company had cash of $144,212;
securities
of $1,500,000
cost and $1,500,636 book ?
short-term
The
of Common Stock and New Preferred Issue—
customers
liquidation of this corporation,
sheet
change),
value.
'
old-line
,
.
special meeting to be held
a
The
post-war
finance
to
-k"\V"
At
asked to approve
corporation is understood to be negotiating with Paine, Webber,
&
Curtis
for an
issue
of $2,000,000 15-year subordinated
protection is
ahead to the
•
type of product for a wider field.—V.
Goodall Securities Corp.—To
The
supply
Long-term
1543.
diversified
.;
Jackson
present
the management is looking
economy,
with
more
a
2659.
p.
1945
the
Capital stock
the company anticipates'"that
of orders,
surplus
of subsidiary company,
$541,272; capital stock (par $10),
surplus, $979,876; surplus earned, $6,shares acquired and held in treasury,
Dr$153,485; total, $15,834,156.—V. 160, p. 984.
$4,000,000;
capital and paid-in
709,666; cost of
11,643 common
10
THE COMMERCIAL & FINANCIAL CHRONICLE
Hamilton
Watch
Co.
Refining
—
Plan
William
Approved—
The
stockholders
at
the
of
Rights to Subscribe—
ferred
shares.
35,000
The
shares
principal
of
$100
pax*,
4%
will
underwriter
Corp,-
be
./.
The
present ,6%
'■
Sept. i.
preferred
,/
stock
...
,
will be
retired
$105
at
.,,
share
a
5%
upon effective registration under
the
of
and.the making, of an offer by the company,;,holders of common
11
each
stock,
shares
of
before
or
on
of
$100
July
value,
par
stock
common
.
161,
.
p. : 2447,
16,
1945,
the
to
held.
extent
;
,
j
.
The
Gross
share for
price is to
one
subscription
three
will
Payment
69
made
be
Oper,
determined, shortly before 'the, offering, is' made.
New York Stock Exchange on June 26 directed,
y'
>/»
subject to the
offering being made, that-the common, stock be not quoted ex-rights
until further notice and that all certificates delivered after July 2,
1945, must be accompanied by
oper.
Operating
The
1945—Month- -1944
income——
Gross
Int.
$177,216
8,545
."
.
income
"Income
^jie^bills,—V. 161, p. 2600,
591,153
$191,183
.
Non-operating income—!
8,555
$199,738
$3,988,485;
3,008.723
,
Title
Operation:.
Utility
$3,830,862
Gross
:
2,855,712
48,210
Net
666,413
directors
the
June 25
on
declared
dividend
a
stock,
par
$1,
like amount
was
disbursed
of
25
cents
Officii
share
per
$30,301
July 5.
A
payable July
"$50,190
$124,357
at-the .corporation's
Idaho Power
duction
the
in
about
latest
in
•
Funds
a
series
of
torpedo contracts
the company since
parachute accessories.
Hayes is one of the three principal manufacturers of parachutes,
producing human, flare and bomb chutes under prime contracts.
The
1938.
Total
a
second
unfilled
said.—V.
161,
is
awarded
additional contract
an
orders
are
in
now
of
excess
$11,500,000,
line
All
called
for
redemption
dividendh>f
ment
York,
75
be
will
share,
per
at
1,
Aug.
on
cents
made
Y.—V. .159,
N.
of preferred
the
1945,
total
the
•
.
<
•
value $50, Wive
of
per share
$55.75 per
Manhattan
ry.
'
;
-
The
Gross
Net
June
on
filed
25
Net ry-
covering
stock.
It" is
proposed
a
6,429,155
7,480,104
5,749,447
2,025,702
2,658,742
2,711,572
railway-
stock
Stockholders
quested to
each
income—.
oper.
Ry,
to
determined
later,
the
:
y
tax
Misc.
//;/
present 4Vz % preferred stock.—V.-161, p.
The
y./y
2219.
22
oh
11,908,194
14,667,428
•
of
Nov.
in
of
15,
$100
1950.
part
upon
any
The
Nov.
on
preferred
three
15
preferred
months
at
:
■
be
stock
notice
thereafter,
2557.
p.
stock
.
.
made
Reduced—;
had
become
Nov.
on
120
non-callable
and
15,
callable
1941,
accrued
in
avail,
;
■
23,498,631
674,529
425,114
1,584,750
1,959,648
V.
for
$2,618,003
stock.
for
note
company
will
replace the
debt
$300,000
$4,500,000, due April 1, I960,
a. year,, if
earned, but with
company
desires.
All
the
of
Ixave -been
and
"with'
obligation,
to
Net
8,900
25,606
,
v
ry.
•
of
from
Gross
if
,
for
1,076,968
■
$1,946,611
income and
Federal
;/\x7? yyy/x/x;//
,
5,126,292
5,445,650
$8,538,401
$8,840,563
.
excess
/D."
/.
preferred
payment wijl be made
at
profits
or
their
from
from
1943
i:
from
rev.
Operating
Net
362,315
312,262
351,558
106,928
-112,774
211,469
$478,715
329,451
5,071,665
$149,264
$207,547
than
trans.
revs,
from
oper..
2,697
Net
—V.
V/
161,
p.
$601,324
$752,559
$747,182
2,194:.
181,661
$16,079
•
9,712
Net
3,297,082
person
1,299.773
to sell
any
769,195
(b)
the
$28,078
/
$64,679
Operating
als
and
reserve^
repairs
;
use
bf
appropriation
deferred
as
>
108,333
.
108,333
..
'
Fed.
1,300,000
250,000
3,575,592
113,611
1,347,431
1,274,971
$364,439
793
35,531
161,
income
$60,382
3,317
16,741
charges—
41,599
169,135
"
33,807.'
•'
.
$134,728 '
10,486
$5,526,668
$4,032,915
95,923
2,376,672
1,192,935
33,149.996
$2,889;980
389,588
_
2557.
fact
corporation
the
on
June
2%f<?
debentures
343,684,
$58,437
—
161,
2447.
p.
did
208,921
<;
$15,466
20
filed
with
the
SEC
be
ready for
public
a
registration
due
sale
1970.
It
through
$3,466,094-
•—:_*'
&
local
taxes^
"$51,148
*$10,280
the
person,
or
*?
.
'ft-1942
(a).
affiliated
an
Investment
company
Section
$3,153,202-
(a)
provided
with
sections
in
finds
it
the
and
the proposed
investment
accordance
taken
together
policies
with
establish
tran¬
of
the
the
general
a
proce¬
..v:;.,
the
transaction has
consummated
the
on
filed.*
was
The
the
makes
transaction
of
the
but
date
same
record
were
transaction
already
been consummated,
the application for
that
It
plain
inadvertently
fully
was
of
aware
unlawful.
that .the
with
or
the
It
parties
lack
fact
clear
seems
of
that
the
that
us; to exempt transactions already
unlawfully
It follows, therefore, that we have no
Jurisdiction to
the instant application."
on
a
1,099,474
1,112,000
965,063
1,110,317
950,797
923,869
with
$1,437,523
504,875
80,192
504.875
77,883
$1,090,405,
504,875
'
escrow
Co.
$587,859
for
504,875
:
$591,020
the
escrow
shares.
the
,-May
on
day.
same
Illinois
they
31.) 1945
entered
National
Bank
as escrow agent.*
Under the terms of the
Lamberton deposited 25,000 shares of Joy stock
agent together with $5,000 representing dividends
-
companies-paid to the
the
the -parties
On
Continental
Chicago
1945.
At
the
the
time
same
invest¬
agent the purchase price of $550.000
agreed to sell as of Feb. 23, 1945
"(plus the $5,000 in. accrued dividends
escrow
the
*
Cr5,489,
$552,455
-
of
agreement,
the
with
agreement
paid on such stock since Feb.'23,
$1,200,389
"
our. decision,
their, illegal .transaction.
Trust
escrow
of
consequence
an
and
$3,089,321
1,151,124
Lamberton
further
shares placed " in escrow
thereon) 'for an --aggregate price;of
' 71,280 '
$624,234
companies
approval./ If
be
..
i
V
we
terminated
agreed
$550,009, or $22 a share," and
purchase such shares subject to
to
disapprove the. purchase, the
and
the. shares
and
accrued
agreement
escrow
dividends
turned
the
bur
will
over,
System.
-
'■
-
courtv
*
-
x :
,yv
As the-matter npw
■='
'
stands, Hydro can proceed in the State court with
against International'Paper but when it'will-do so as not
known.- The-Hydro trustees filed a similar suit in the Federal District*
Court at' Boston.—V.' 161, p. 2661.
y 'v
V; v
y:.
action
.
1945—Month—1944
oper. -earniixgs
;
Oper. exp. & maint_^__
$426,671
,
Fed.
Other
profits
.
.
-
$412,029
208,507
209,215
1945—12 Mo.l—1944
'
$5,14G>607,
2,504,059
taxes-
48,950
28,950
49,660
40,000
•
retirements..
„
;
-
$4,947,062
2,424;662
395,'000
562,950
48.433
.
40,000
593,664.
480,000
,
_
Net oper. earnings....,
Other income
$78,846
•
$86,139
$999,934
2,836
3,425
44,758
'
-.
570,988
480,000
$1,076,411
40,458
_
Total
net
-funded
on
Amort,
earnings.^.
debt
of
expense,
etc.,
debt,
Net "income
—V..
161,
p.
$81,681
,$1,044,692
$1,116,869
46,476
47,078
561,275
582,985
11,874
-
_
$89,565
13,966
159,129
160,132
diset. &
deduct.
$23,331
2448.
$324,288
$28,521
investment
and
with
$ 3 73/752
r'.,
into
The
for
Co.-r-Merger Ratified—
merger
Republic
on
June 25 approved a merger Of this company
Republic Industries, Inc., which owns about 85% of the
' "
,
provides
$25
par
that. Jacobs
preferred
...
common
stock
on
stock
the
shall be
basis
of
exchanged
three
Express
of
.stock
and
in
American
Joy,
then
a
,/
;
,
International
closely held
acquired
corporation
a
en¬
gaged, as at present, in the manufacture of mining equipment, par¬
ticularly -loading machinery.
At the present time Joy has 434,100
shares of common stock
outstanding.
From time to time the invest¬
ment companies increased their
holdings until now Adams. Express
66,000
shares 'and
American
International
owns
29,000
shares
a total of
approximately 20%'of the common stock of Joy, becoming
thereby its largest stockholders,
Chess Lamberton is the second largest
stockholder of Joy and now owns 34,900 shares.
.
'.
,*/
'
In
August and September of
International together acquired
1944
Adams Express and American
approximately 29%
of the common
stock of Sullivan
Machinery Co. which is engaged in the manufacture
of mining equipment of types other than those manufactured
by Joy.
Within a short time thereafter, the president of
Sullivan, F. W. Copeland, approached J.
D. A.
Morrow,
the president
of Joy,
with
a
suggestion that the two companies be merged.
Because of certain
tax problems it was decided that
suggested
through Adams
per
share
Jacobs
May
4,
not feasible and Morrow
of
shares
sares
Trust,
R.
was
were
its
unissued.
common
stock.
Of
this
purchased
by seven companies: General
Hallgarten & Co., 10,000 shares;
Lehman Corp., 15,000; Massachusetts
Investors,- 9,000-shares;
Brothers,
Investors
the
100,000
70,000
American
Lehman
merger was
a
subsidiary of Joy.
developed by which on March 22, 1945,
Express as its agent, offered privately at $24.50
program
a
Joy;
amount,
a
that Sullivan be made
Thereupon
30,000
stockholders
and
Jacobs stock.
Adams
block
or
.
income &
taxes-
for
Del.—Earnings—' "'
,
..
In/1937
substantial
owns
Iowa Southern Utilities Co. of
Gross
Background of the Transaction
,
jurisdiction.
to
and
the
purchase price turned over to the investment
companies/ : The instant application was filed May .31, 1945 to procure
our approval of the
proposed transaction pursuant to the provision of
Section
17 (b)
of the Investment Company Act of 1940.
/,
to dismiss the suit for $96,000,000 damages brought, against
by the
trustees for the
Intel national Hydro-Electric ^
■//
'The dismissal has been asked on the ground that the
International
17
by order to exempt a 'pro¬
consummated, would be unlawful under
■/
case
consummate
into
Massachusetts State Court at Boston has denied the application'of the
company
•
it unlawful,
makes
such company.
to
former
stated:
L
17
was
riot
As
$3,347,315
$1,170,617
avail, -for diva.--
Lamberton,
day
same
we
registered
a
property
involved,
The
the
on
opinion
Company Act
affiliated
of
Chess
Commission
consistent
Act.
instant
rescinded
-1943
1,144,353
.
•
• if
17
from
aggregate of- 25,000 shares
share.
This transaction was
Congress .did not intend,
:"
.
161, p. 2661.
The
statement
is expected
bankers, headed by Lee Higginson
Corp., Kidder Peabody & Co.,
the
Chess
Corp.
consummated..
&
retire^
depreciation/'
the
knowledge of the -statute,
r
Jacobs Aircraft Engine
Corp.—Registers Debentures-
sinking fund debentures
will
the
exemption
an
15,700
and
for $15,000,000
by
interested parties may be heard and proof presented w.ith
to the standards by which the Commission is required to Judge
transaction in order to remove it from the prohibition
shares;
Household Finance
approved
Internation
proposed
"In the
$214,341
1
trrat
of
of Section
27,363
International Paper. Cp^Sujit Dismissal Denied—
Int.
$365,232
80,032
$305,098
$269,309
to'preferred stocks
21
company
an
a
•
.$4,072,429'
"
$385,130
applicable
p.
W
'
S5 491,137
3,609
Dividends
)
3,949,545
107,219
$381,521
Net income
.
,
all
respect
$186,978
15,850
4,180
Other deductions.
Prov.
338,713
income—net—
D.
Transaction in
June
on
•
4.309
.
.
$96,424
!—
_____
Interest
excess
250,000
496,827
7"otal income deductions
—V.
$118,878'
$56,073
■:
3,001.
income ;X_
charges-
>;• Net
State' &
revenue
tiroes
$93,423
Period End. May'31:—
..
operating
Other
income.
revenues
its
a
laxes,_
.(
which
.
ment
;
accelerated
properties.;__
...
.
Lamberton
.'
-1,300,000
&
from
dure for the subjection of this
type of transaction, prior to its con¬
summation, to the scrutiny of the Commission at a public hearing at
5,805,540
-
maint.
ment or
1945—12 Mos.—'1944
$1,620,176 $1:0,717,089 $19,637;384
568,063
7,138,530
7,144,216 "■
133r409
JJ-14,399
1,646,223.
121,592
profits taxes,—
other
Net
525,237
.
$7,010,899
;
Co.—Earnings—
Prov. for Fed. income &
All
471,339
86,437
replacements
of
excess
112,662
?
^
income
lacked
renew¬
Frov, for maintenance
result
493,144
$6,930,208
12
•
$1,773,711
551,827
Maintenance
deprec.,
389,745
-75,704
Indianapolis Water Co.—Earnings—
Mos; End. May 3i—'
1945
1944.
•
All
1945—Month—1944
rev.—electric
Operation
Amort.,
5,950,246-
108,041
-
pass
receivership
Period Ended May 31—
•
1/122,631-
income
fixed
Net.
-V.
Houston Lighting & Power
stock
from the sale,
come
of,the
purchase
our
an
other
of Section
companies
consummation
of the corporation, which had been in
effect for /
12 years, with Vice-President
Morgan Butler as Receiver, was
:terminated at the close of business
on
June 2,
by order of Judge,
Brewster of the U. S. District
Court in- Boston, and all assets
have
been turned back to .the
corporation.—V. 161, p. 310.
V,
"
$1,399,407-
deductions
Total
$98;O0l
Receivership—
share.
■■■;•.!
and American
1945,
In
person,
or
which,
fair,
23,
us.
for
empowers
be
to
the* Investment
affiliated
provisions
purposes
in
Total
Misc.
nearly
l
1945—5 Mos.—1944
*
t
with
securities
Act
to
Feb.
on
of
exceptions,
an
investment
Hoosac Mills Corp.—Out of
to
Appro^s*
stock
common
Express Co.
companies
filed
transaction*
saction
1,133,285
oper.
of
of
investment
$1,388,849
income
Bal.
The
1945—Month—1944
fac:_rents
Oper.
669.Y64
the
of
Manufacturing Co.,
of Joy at
$22
(a)
certain
572,193
revs—_
joint
ry.
Other
7,887
2447.
the
^
„
stock
was
17
1,679.130
RR.—May Earnings—
Joy
consummated
•"Section
posed
accruals—f
Gross
$767,765
546,357
stock.
Exchange Commission
shares
the Adams
of
3,870,796
.,
$759,877
;
tL
and
investment
application
the
the
$611,036*':
i
for. share, upon pavment of $15 a
increase the authorized common
to
preferred
common
583,234
*
exps.—_
oper.
two
the
fully
•
2447;
tax
Eqp, &
1,264,160
'
of
par
on
a
to
2,093.019
606,982
p.
Railway
$2,024,037 ;
'
.1,357,385 %
$209,740
135,882
revenue——
161,
,
$151,962
Deductions
$1,958,709
322,543.
the
25,000
4,679,062
2,212,212
income—.
Railway oper.
1945—4 Mos.—1944 :.M\
$530,090
other
Net
1945—Month—1944
;
par
proceeding is a sequel to our opinion and order of April 9,
dismissing, for lack of Jurisdiction,' an application filed by- The
Express Co. and American International Corp., management
with
railway
"Deficit.—V.
i.__
stock,
at
and its consolidated subsidiaries have already,
pro¬
deferred expenditure fund of
$14,000,000.
The company has:in
director
of
Ltd.—Earnings—■
transp.
from
rev.
Revs,
'
transp.
expenses
cash
issue
an
preferred
closed-end investment companies,registered under the Investment Com¬
Act of 1940, for an order, purportedly under the authority of
17 (b)
of the Investment Company Act of 1940," permitting
194?
'
116,006
railway——'
oper.
Railway,
to
the
Holders
Period End. April 30—
Gross
share
proposed
Securities
these
1944
444,764
income^-.
Period End. May 31—v
stock
Honolulu Rapid Transit Co.,
approving
for
corporation
of
the
Colorado 7
may at any time on
or
after July 18, 1345,
certificates at either of "the places mentioned and 7
receive payment therefor at the full
redemption price of $115 per share,
plus accrued dividends to Aug. 1, 1945.—V.
161, p. 2787.
,
present
on
pany
stock
at
vote
convertible
This
taxes.—
$893,745
»Indiana Harbor Belt
next, at $115 per share
The Chase National Bank,
of../
New*York,1 -Ji -Broad Street, New York, N. Y.,
the .corporation in
the. Golden Cycle Building,
will
shareholders
Adams
77/7/ /y/'/yy ;77'y.
$1,028,171
railway.
ry.
—V.
77;.-/y
..
cumulative
17
common
170,000 Shares
The purchase price is $22 per
share, with the purchasers to receive
the dividends paid on the stock March
10,. 1945, as well as all dividends
subsequently declared or paid..
.
x
'
y
:
%
In its findings and opinion the Commission
stated:
/sy.y-.y:
$3,023,579 $13,664,693 $14,286,213
$1,728,917
railway—..
oper.
Net
.
Aug.. 1;
on
City-of
office
of.
Springs, Colo.
up
pay
1955,
Lamberton
From Jan. 1—
/A':/
more
July
3Va%; cumulative
to
Issue
Common Stockholders—- i
reduce
sale
26,457
fixed
1945
from
Net
*
promissory
to
pay
to
-
7,668
a
•
'
.
outstanding shares
for redemption,
3-2%%
a
options
.
called
dividends,
the
with
Corp.—Plans to
on
.
Illinois Terminal RR.—Earnings—
on
June 27 approved .a refinancing agreement for all
mortgage 3%%
bonds, amounting to $2,500,000, .and 1
of the entire outstanding 19,738 shares of $7 preferred '
The
1945—24 Wks,—1944
$4,355,980 $27,275,227 $25,123,013
Stock—
$2,896,614 $13,066,184 $13,764,202
135,865
624,115
548,468
-142,876
•>..
May—
first
redemption
-1945—4 Wks,—1944
-$4,415,134
Joy Manufacturing Co.—SEC
The. directors
current
91,800
Section
Gross
161,
y-y/A' 7XA A7'/AA'A:::. AA
9.7.402
91,800
'•
,
.
161, p. 2447.
Net
Stock—
Ltd.
share of preferred for each five shares of common
stock
preferred will be convertible into common at any time prior
of
a
The
—'
providing
to v
Holly Sugar Corp.—To Refund Bonds- -Calls Preferred
-
S.
.
22,918,173
_
"After
callable
,
-
.
$234,261
program
for
the modernization
and
expansion of
and mining facilities and plants which, it is hoped,
costs, provide for new developments, increase production
of existing and new
products and improve working conditions."—V. 161,
p. 2661.
.
*
:
1945—5 Mos.—1944
4,947,416
——$2,753,211
charges—.
1,024,294
or
-
whole
and- was
dividends.—V.
.'iv.■>,,//
'y
prior
*101,056
/
1.18>P3
.
manufacturing
will
the
par
.
1
■
of
contemplation
9,895,430
System
4,844,001
.
.Net income
.
shares
103,625
$261,255
"
Discussing the disposition of the $17,000,000
H. Brown,
President, states:
y
"The
$22,416,905 $22,274,401$106,874,577$106.392,452
14,280,372
14,005,257
68,725,012
67,750,429
.
.
accruals—.
approved
rate
t~J. P.
paid
offered
also
is
vided
'
Fixed
and
common
June
Dr-4,533
one
1,
version
4
22,091,672
charges
preferred stockholders at_a special meeting held
the proposal of the board of directors that the
6%
preferred stock be reduced to 5% effective
from and after Nov. 15, 1945..'
V
7'7 : 7
The stockholders also approved the
proposal'that 87,488 outstanding/
•
on
dividend
be
The
1945
Hercules Powder Co.—Preferred Dividend
100,000
'
$24,842
rs•mrements,
£557.
shares
of
It
66,719,811
29,742,687
1945—Month—1944
expenses—
deductions
Inc.
'
commencing
redeem the
160,956
1,000,000 to. 1,500,000 shares, but there are no definite plans for issu¬
ance
of any additional common stock
except in connection with con¬
.
meeting called' for' "July 20 have been re¬
sinking fund to retire 2% of the new preferred
in 1947.
Proceeds of the new shares will be
a
basis
"
revenues—*.
oper.
Ry.
with
86,732,410
33,448,191
10,716,075
.
92,066,157
31,663,504
.
Period End- May 31—
their
at
authorize
year,
used
be
to
are
8,033
v
$26,201
___x.
p.
to
to'Aug.
6,230,872
2,677,106
91,026,619
.
railway.
—_
preferred
$385,317
Lewis
of
issue
$389,880
:
3,513
stockholders
held.
1942
.
that'the public
expected
The
/77,.y:..y
•
1943
.
Equip, and joint facil
rents
56^000 shares of .new preferred
(net Dr)__.
offering will be made by an./
underwriting group headed by Goldman, Sachs & Co.
Net ry. oper. incomeThe
dividend
rate, offering price,
and
redemption prices of the ; Other income
SEC
1944
Earnings
•
.
statement
$32,876
of 3y2% Preferred Stock
Co.—Earnings of Company Only
income—
from
from
Ry. oper.
registration
a
4%
.
$18,727,979 $19,603,100 $18,172,345 $15,620,432
New
; ^
xv
.
Pay¬
Co.—Registers With SEC—
company
x/y':'x^'xv7
railway-
oper.
$378,034
Dr8,153
$369,851-
Dr 1,091
$34,714
Johns-Manvilie
sell the
par)
7:"/'
Snake River-Hagerman
170,000
'
,:$33,967
/■■
railway—..
from
saleS
$100,
.-
100,000
,153,450
"
plus accrued
share.
to
($100
project which, yull cost about $4,000,000.
a
8,333
?
2448.
p.
161,
be used in carrying out the
plant project and the 140-mile 138,000-vol't transmission
Emmett,
144,659
Jewel Tea €o„ Inc.—Sales Show Grciin—
Retail
.From Jan..l—,
'
Hecht
from
Net
been
Company,
shares
to
710,224
20,359
/.
Stock—
application
:/•/
1945
Net
par
at. $55
a
of
or
Bank
p.-2303.
stock,
unissued
$1,494,483
jDj'2,116
v
Period End. June 16—
$166,230
,
161, p. 2447.
and
are
Boise
161, p. 2661.
Gross
.
shares
but
the
x.7 '"/
■/.
May—;
Department Stores; Inc.—Calls Pfd. Stoctf—
outstanding
complete
to
authorized
Illinois Central RR.
Clark
Mr.
Sell Preferred
proceeding
stock.
Fower
to
—V.
'
"
Ilearn
bonds.—V.
Z
for
2333.
p.
Valley
Co.—To
is
39,413
preferred
a new torpedo
Hayes is now tooling up and hopes to begin pro-\;f
month, according to R, W. Clark, President.
It is ;
which
company
remaining
Mich., plants
contracts - re-
Grand Rapids,
continues practically " at capacity levels with two new
ceived, the company announced on June 20.
The first is
contract-for
income
—V,
Hayes Mfgw Corp.—Gets New Government Contractsproduction
adj.
on
on
The
war
/___
—
^Exclusive of interest
23 to holders of record
April 25, last,, and on March
10, June 10 and Nov. .24, 1944.—V. 161, p. 2660.
common
$1,551,304
733,759
$36,831
,,
income-x_r
161,
.
199,850
deductions
Common- dividends
—V.
676,192
513,458
484,562
(net)
Preferonce- dividend
$1,026,618' '$1,023,360
$134,384
8,333
income.
oper.
■Earnings—
12,452
accruals-.;
income
Income
$375,150
134,826
101,125
res.
into
2788.
1945—12 Mos.—1944
/ 59,270,
12,422
18,535
'Retire,
is convertible
p.
(& Subs.)
60,568
_r_A,.
—
turn
161,
1945—Month—1944
—
Maintenance
Hayes Industries, Inc.—25-Cent Distribution—
The
on
in
stock.—V.
$136,691
Taxes
Other income
46,856
96,912
.
Republic, which
common
revenues-.,!
&
$379,762
$185,761
charges:.--—133,127.
adjust, inc. bds.
on
Chicago
1945—5 Mos.- -1944
$768,369
607,845
,
of
one
Republic
Period End. Apr. 30—
-May Earnings—
$799,028
revenue—
end taxes—
exps.
the
at
for
of
Operating
Washington St., Chicago, 111.—V. 161
'
y//,;//: ;/ '7y//wye..
West
shares
Jamaica Public Service Ltd,
for redemption on'July 15, next, $62,000 of
debentures
(subordinated)
due Jan.. 1, 1959,
income
interest.
trustee,
shares
common
: ■/'
.
called
Period End. May 31—
X
convertible
new
of
been
Hudson & Manhattan RR. Co,-
1945, shall have the
for
subscribe,
to
and
Co.,
P. 2557.-»
on
right
be
100
Trust
v ;/./; •■■■■■
Securities Act
,
have
cumulative
at
/Z
•
stock of record at the close of business on July 2,
preferred
loans.—V.
(The) Hub, Henry C. Lytton & Sans—RedemptionThere
convertible pre¬
Union Securities
,*•-.
Contingent
1933.
bank
a
stockholders
common
Blair & Co., on or about July 11. The proceeds from the sale
will be used to retire approximately $15,000,000 of
debentures
short-term
special, meeting held on June 25 approved a
plan to call its outstanding 32,799 outstanding shares of 5 % cumulative
preferred stock at 105 and accrued dividends and to issue and sell to
Monday, July 2, 1945
W.
two
shares
3,000 shares;
shares;
12,000
Fressprieh
investment
at
the
&
The
Co.,
companies
sable
price.
6,000
Pennroad
shares;
agreed
to
Corporation,
at
$24.50
purchase
(Exemption
per
15,000J
share
the
granted
remaining
by SEC on
1945.)
With
the proceeds
of this sale and part of a proposed loan of
Joy planned to purchase-between 51% and 70% of .the
stock of Sullivan. * Pursuant to the plan, on April 7, 1945,
both Joy and Adams Express made an"'offerr good until
May 4, 1945,
$5,000,000,
capital
.
by SEC May 4, 1945.)
At the
application, Joy had acquired ,,
approximately 67,000 shares of the capital stock of Sullivan.
An
application is now pending before us seeking our approval of a pro- .
posal by the investment companies to sell to Joy an additional block ;
of 53,800 shares of Sullivan acquired by the investment companies in
August and September of 1944.
•
V:
•' •,
1
•On
the
basis
of all" facts and ■ circumstances disclosed by
the
record, we find that the terms of the'proposed transaction involving '
the sale of 25,000 shares of the .common stock of Joy
by Charles
Lamberton to Adams Express and American International* including
the consideration to be paid and received, are reasonable and fair and
do
not involve overreaching on, the part of any person concerned, -v.
We find also that tire proposed transactions are consistent with the ;
policy of the registered investment .companies Concerned,/as recited .
in their registration statements and reports filed under the Investment y;
Company Act of 1940 and that the proposed transactions are consis- ,
tent with the general purposes of the Act.
Accordingly, we conclude
that the' proposed transactions meet the standards of Section 17 (b)
■of the Investment Company Act of 1940 and should be exempted from
the provisions of Section 17 (a) of the Act.—V. 161, p." 2334. plus
of
(Approved
dividends.
accrued
date
hearing
the
instant
the
on
holding company system
statement of Income
" "
Prop, retirement
Amort,
of
Net operating
Other
income
revenues.
-•". 800,000
1,500
■
.
$2,259,277
20,996
•
11,223
s
(net)-
593,790
824,000
$2,315,943
approp.,
limited-term invests
res.
—r-T—
income
profits
cess
1,500
376,130
1,430,466
1,410,121
Othef income
'Gross
Int.
.
•
Fumbfr ,0f
389,132
Average haul—miles
''
■
101,600 .;.
yl'1
»*
*
Number
'■
"Net
Pfd.
$147,328
$604,909
9,656
'43,483
39,325
$156,029'' $156,984
■
$648,392
253,156
256,795
$93,741
$395,236
$390,636
$89,817
dividends....
"
43,750
184,300
$210,936
''//'-v
-1,124,549
(net)
deductions
•'iTVi''■'■■■■?-
Dividends
on
Dividends
on
Dividends
on
common
$1,212,39.0
438,326
82,458
income
-
7%
stock
$1,309,219
438,326
82,458
378,000
T
preferred stock—
$6 preferred stock—
1Net
510,000
-
Net
from
rev.
'.v
,)CV;
Sheet, Dec. 31,
Balance
Calls $21,500 of Bonds for Redemption—
Net
V-V-i
debt
unamortized
and
discount
■
$2,402,707
903,067
-Lake
Estimated
$1,499,640
438.326
82,458
Number
•
.
Income
Interest
5330.257
Net
deferred
other
*
$0.13
long-term
$123,196: : matured
-
railway..-..^.'
•
"Net
from
Net
r4ilwRy^.2„
from
•oros
.!
From Jan. 1—
Gross
from
Net
ry.
—V. 161,
2557.
p.
.
$338,162
•
*.
1943
- $201,883
■;
22,165
•362,304
■
.
.Gross from ra-I7.wayr-Net f-r&m -railway 2.. 2_L
.Net ry, ,qp3r. : Income..
V '
•.
■
.
•'
21,225
.
*67,583
"jfi.ni
'
1245
:
2^327
1
'Treasurer,
'
177,429
2,125.888
.
'-
'358,226
w./.
1/: -194.2
Not ry.
5397 936
.
from
from
Gross
77,212
.
.
.
1,670,439
C74,948
1,034,439
ry.
531,417
.
(2,597,781
689,372
.
receivable
i
supplies.
dividends
•
2,813,304
.23.977,861
112,951,367
209,479
...
receivable!.
12,259,305
130,587
825
12,251,055
"
72,760
72,765
72,753
'
assets...^!:.....'
1,175,442
7.113,459
1,556,989
_2,327,8G0
..
;$
.
941,114
.4,373,754
1,665,670
Audited
.418,536
.
7
::
..
101,
rqatured
...875,128
733,723
41,823,089
33,633,683
27,512,919
12,300.631
•4,152,526
12,345,002
:
—V.
8,042,811
1,904,775
5,516,607
3,579,650
liability.
....
1,303,244
■;
22,890
1,3972244
23,768
63,2.76,974
•42,o:n,43a
1.330.367
930,258
.
i "56,623,533
liabilities^....,........
current
•97,932
'
'
32,007
■
1,443,539
7
.
1,415,189
•
'
t.
3,378,811
3,381,107 ;', 3,652,70 >
133,393,839 120,532,116 108,321,977
113,719,135 102,914,593
90,721',5.9a
•.
029,012,523 631,664,362 530,437,965
161, p. 2788.
Lukcns Steel Co.—Transfer Agent Appointed—
Little
Chicago—:i
-
•
interest.
yvill be made
Payment
at the Continental Illinois
•
....
,
.
.
-Effective-;June
M.
Y„
20; TD45,' 'Bank
been
lias
stock.—V.
common
the
of
Manhattan
appointed transfer agent
lul/p. 2788.
v.$.7
for
Co.,'
the
V.
New"'
$10
York,
par... vaiue
■) :-7"
'
Luscomfoe "Airplane".
Corp.—Earnings— ';
' V ■vy
•-.
The
corporation earned $161,385 net after taxes during the fiscal
year ended Dec;; 31,. .1944,, equivalentt to 43 cents per share;
Tliia
amount, plus; a tax adjustment of $39,833, allowed the company to
close Lhe;year with an.earned surplus of $37,570;
■
Sales in 1944 amounted, to $4,017,916, an increase of 24.4%
over
.
'
Long Maud Lighting Co.—Delivery Ruling—
r
Securities
informed
Practice
Uniform
National
of
Dealers,
Inc.,
Committee
the
of
21
June
on
certificates for
that
three
the
the
National Associa-
announced
'classes
of
that
deposited.
Accordingly
*
•
p
:
Committee .further
be settled by
stocks, provided
may
old
that
transactions
in
the
delivery of either certificates
that such certificates are in
actual
preferred
proposed,. but
the
company
series
This company,
Rumania
H.
P.
Klotz,
President.—V,
161,
'
operating subsidiary of the American Cable & Radio
the
are
those to all of Europe.—V. 161,
as
same
Mack Trucks,
old
representing
proper
-
form
p.
2449,
Inc.—Export Sales Mgr. Named-
Appointment of H., E. Seanor as Vice-President in charge of export
Mack, was announced on June 25 by A, C. Fetzer, ViceMotor Truck Corp.
Mr. Seanor joined
sales-for
President.of Mack-International
Mack
the
*
the City Bank Farmers Trust Co.; i'
is requiring'stock
transfer taxes to be paid on transfers of such
certificates of deposit op the basis of the new no par value common
stock and new $60 par Value series A and series B preferred stocks
6'k
to
t
delivery against such transactions.
delivery, or certificates of deposit representing such old stocks.
While the certificates of deposit evidence deposit of
old po par
value common stock, and old- $100 par value 7 7i> preferred series A,
and
t
Corp., 011 June 26 announced the opening of a new direct high-speed
radio-telegraph circuit between New York City and Bucharest, Rumania.
This is the only direct circuit from New York to Bucharest.
Rates to
cer¬
and that certificates representing actual
a
ruled
then,: according
'■
t-Mackay Radio & Telegraph Co.—New Circuit—
.
7%. preferred A, 6<7p preferred B,
stocks of bompany must be settled by delivery of appro¬
common
stocks
since
•
(
deposit representing old
of
stocks* will not constitute
.The
1657,
p.
in 1943,
Unfilled orders at the close of 1944
all-time high for Luscomb, and have been substantially
$3,229,252
nev;
a
increased
pre¬
-vY"'?'.:.7$'$:;,y,y ;
:.v
:
the Committee has ruled that transactions in the
priate certificates of deposit,
old
at
of
6%
A,
tificates
sales
were
has
it
o'l.d 7%
preferred B and common stocks may be deposited with
City Bank Farmers Trust Co. of New York City and a transferable
"certificate of deposit" will be issued to represent the type of security
B stocks,
issued, under an amendment of the chatter of "V
which became.effective Dec. 16, 1941.—V. 161, p. 2661.
firm's
organization in
office.
Chicago
1939 as
good
sale."
mind,,
percentage
a
export
special sales representative in the
,
Mr.
Mack
Public
v:7.
Seanor
;.Works
has
been
will
be
•,'
Vice-President
..
in
and
earmarked
for
;/■'■'■■ •
charge of the
new
post he will
Mines Division.
In his
He will make his headquarters
jn.New York's Empire State Building,—V. 161,
of the division'.
management
Mack's home office
in
of future production
■
.,
.
Since 1941
roirHnuo
p,rio34.
ing—
a
•'.•,
-
•
assuming his new position Mr, Seanor declared:
"Mack intends
to take a much more active part" in the expert market.
With that in
In
never
(P.) Lorillard Co., Inc.—Refuses to Attend FTC Hear¬
i
accrued
\1,243,330
■116,608
■
1,308,796
Tctfii'...^;....
-V.
1,033,293
;.' 99,470
...
accrued...
Unadjusted '•credits
the
continues to opearte at capacity under Government
Sommer said, with its production being entirely abwar industries or by equally essential civilian activities.
It
direcr, war contracts
subject to cutbacks by war agencies.
unpaid
133.630
.
12.117 '■f12.117
■
■■■
720
136.030
.
•i
Deferred. liabilities
Btyjlk & Trust Co;, trustee, 231" So. La Salic St„ Chicago, III.
157, p. 640.
'
ferred
made by the board include the
matured
:
162,730,667 ■203,535,576 ,213,054,474
8,294,993
,0,182,121'
13,330,532
'•
627,237
5?.4,7.:0
'423,649
CorporoJe surplus
r.
720
12,117
...
rents
Other
$6,050,793
1,714,573
921,767
'
720
139,530
wages.payable..
payable....
unpaida..'.-.
interest
2448.
p.
and
accts.
Accrued. tax
$7,434,668
2,022,1:4
v:
116,362,700 116,852,600 116,892,600
Miscellaneous -accciinfcj
Unmatured
"1942
l'>-44
3,105,807
1,605,521
2.953,411
full shrs. outstdg.—
outstanding
stock,
Unmatured
772,325
income..-
tibn
•'..'■
{"r
-V-
1
.'•v
-
•
company has no reconversion
in both peace and war.
recent
most
The
indicate
figures'
problem;
as
earnings
its products
for
the
are
the
fiscal
current
ends June 30, in excess of the preceding year, and are j
approximately $2 a share on the outstanding capital
fsfcock, which r represents the only outstanding capital obligation.
In ■
the previous fiscal year, ended Jun 30, 1944, net income was equiva¬
lent to $1.94 a share of capital-stock.
;
.,v ' "
?
The company is in excellent financial position, Mr. Sommer stated,
'with no bank loans and current net working capital in excess of
which
estimated
at
£$4,000,000.—V.
131,
'
1882.
p.
,
'
'
1945—4 Wks.—1944
•'
34,728',753
formally
refused June
-
Macwhyte Co., Kenosha, Wis.—Registers With SEC—
June 20 registered 82,559 shares ($10 par), common
of which 40,000..shares are being offered by the
Central Republic
Co., Inc., is the principal underwriter.
■
'
The company plans to use $416,359 of its share of the proceeds to
redeem its 8% cumulative preferred stock on Nov 1 and the remainder
The company on
with
stock
company
$
33,968,046 204,310,987 200,554,284
'■
Louisiana & Arkansas Ry.—May
1945—Month—1944
Period End. May 31—
Ry.
oper.
$1,902,699
revenues
1,015,615
Ry. oper.- expenses—^.
income
$1,691,715
1,032,462
354,000.
79,366
458,000
taxes--
taxes.,—____—-
,
'•82,014
to"
Earnings—
replace machinery
Ry.
oper.
rents
Ecjuip.
Jt.
income--,—
$347,070
(net Dr)__
1945—5 Mos.—1944
$9,015,927
5,017,400
2,104,600
$8,240,200
5,005,948
1,674,400
398,405
384,034
$1,495,522
$1,175,818
11,856
income.
$248,503
61,729
322.376
283.717
9,883
56,012
52,067
$154,275 '$1,117,134
$840,034
86,711
(net Dr)
$225,887
faciL-rents
■
of
stores
in
operation
during the four weeks
1945, was 2,820 compared with 2,943 stores during the
16,
sixth period,
a
decrease of 4%.—'V. 161, p. 2448.
Net
—V.
ry.
oper.
Co.,
Inc,- -Must
Dispose
of
Its
Interest in
.The
pany,
Eastern Gas—
161, p. 2448.
•The
Eastern
SEC
Gas
has
&
Electric
company to- dispose of its interest in'
Associates.
The order is the outcome of pro-
ordered
Fuel
the
totaled
30,039,000
kwh.,
Output—
the week ended June 23, 1945,
compared with 35.255,000 kwh. for «the
company for
as
corresponding week last year, a decrease of
14.8%.—V. 161, p. 2788.
.
.
,
Bucksport, Me.—$6,700,000
of
•,
Paper Go. "has made d. bid of $6,700,000 for the com¬
newsprint manufacturing subsidiary of New England Industries,
1
.
asked
for
was
.
the
lone
seven-day
a
bidder.
The
extension of
Eastern
bidding
Corp.,
of
time last
Brewer,
which
week when
all
England Industries' properties' were offered for sale, announced
that it would not submit a bid.
t
New
$6,700,000
timberiand
The
output of this
equipment.
Oxford
Inc.
Maine
Louisville Gas & Electric Co. (Ky.)—Weekly
and
Bid Made for Company—
and
Power
First
Co.
bid
a
included
small-steam
the
plant,
turbine
title
plant
to
200,000 acres of
by the Central
owned
at Augusta.
Boston
Corp.
and. Coffin
l
&
Burr
made
the
top
overall
mills ih Maine, securities
Keyes Fiber Co. of Waterville and Maine Seaboard Paper.
.
The SEC,
which is considering a plan for reorganization
of,, the
bid
Koppers
->
Maine Seaboard Paper Co.,
The
number
average
ended June
SEC,
.
Oxford
1945—24 Wks.—1944
the
and the remainder by several stockholders.
.
Other
$
$
Sales
company
Federal
Kroger Grocery & Baking Co.—Sales—
Period End. June 16—
27 to take part in a Federal <
Trade
Commission
hearing,
contending that
the
Commission
was "
reopening -charges after agreeing to close the case.
The hearing is based on an FTC complaint that the company, in •
certain parts of its advertising, violated the Fair Trade Practices Act,
The complaint
said the company made improper use of a magazine
article in which one of its cigarettes (Old Golds)
was described as.,,
containing less nicotine than other brands.—V. 161,. p. 1319,
The
Mr.
no
1944
2,893,152
Long-term debt
776.768
.
National
without long and careful investigation and
'The
The
2,752,753
25,355,657
'11,318,596
130,588
agts. & conducts.
'
•
$9,221,962
railway..,,..-. 35,107,769.
-".6,892,539
been
as
'lias
year,
3,831,189
company
•directives,
:so'rbed by
:same
689,470
6,150,227
7,724
7,839,057
Orig. stk. & sttbscq. stlc. .divs. uniss.
Pfemium on/capital ■stock.../.......
,
formerly Executive Vice-President and
the board of directors, a newly-created
deliberation.
The
.25,022,500
1,369,229
6,035
balances—Dr
assets
.Interest
1,7132194
.
.
income.i„
eper.
at .100 and
President do not involve the company's financial;%
position or earning power, said Reuben
E. Sommer, newly-elected
President.
They are matters of a personal nature which, because of
this fact, the directors and officers do not feel free to discuss at this
time.
The former President, however, was fully informed of these .'
:matters at, the time beard action was taken, it was stated.
The action
•■due
receivable
car-serv.
current
;.Thera have been called fbr redemption on July 15, next, $15,000 of
iirgt: refunding 'mortgage sedal7bchd3;7'serifes'v.A,.-''due": July-.: 15,7 1885,-7
considerations which prompted the board of directors to remove
moreover*
30,223,338
22,022,500
"
Fraction, shares
111,333
594.597A
Company of.'.Mary Hospital,
Partial Redemption of Serial Bonds—
.Secretary.
taken,
41,594,672
29.100,000
1,552,031
bills
and
Capital
177,968
2,235,054
953,725
.
5S7,B53'
railway._I
(The)
such
not
Investments.
Liabilities—
$447,905
for
was
1942
1943
623,812,523 031,664,352 5:0,487,363
:
233,381
•
■
D. P. Sommer, formerly Vice-President and General. Super-7;
as Executive Vice-President in charge of operations; W. O.
formerly Secretary and Assistant Treasurer, as Vice-President
■and Treasurer; Walter V. McAdbo, formerly Secretary to the Executive
Committee and Director of Public Relations,, as Vice-President and
Sommer
8,190,000
Sheet, Dec. Si
receivable
251,323
intendent,
H,
8,190,000
Unadjusted debits
'
:
B6,722,951
railway
from
from
—V.
position;
W.
8,190,000
...
-
244?).
railway.-'
oper.
Net
Fritze,
The
1.9,407,582
.
Other
From Jan. 1—
14#8S1
and
of
21,213,757
1942.
.
■143,7G0.V
2,634,442
239,758
ip45
Sommer,
Chairman
as
421,12fr
18,607,778
I."
.•
Rents
213,411
•
$555.'57L.-
v$B:i4,7i)6.
:
;
ip'c?
Leli'gh Valley. It! t.—Earnings
...
Net
1,583
_
the management
G.
8,707,469
373,524
'
Dividends
Manager.
in
Henrv
8,350,775
427,611
V
$
/"'.
'
...—....I........... 509.292,571 500,629,939 495,707,103
-.
and
Interest
532,902
1A-v-:
fcr
General
28,536,177
7,994,056
charges.
...
...
accounts
Material
127,195
v
1,151,983
590,571
"11,383
122,511
.^Deficit.—-~yV 161,/ p.
•
1
changes
29,938,056
fixed
debt_„_.
Net ba-1. receiv. fr.
156,992
108,873:;
182,228
722,534
.
.
...
■company's board of directors, it was announced on June 22.
Reuben E. Sommer,
formerly Vice-President and General Manager, •
■who was elected President to replace W. H. Sommer, will also con¬
of
27,029,444
for
4,889,987
'
Ja.ti. 1-—4:$:-
From
Tho
as
97,069
28,622,072
85,895
charges.
and
Deferred
*
.
..
-
Other
30,035,125
4,495,363
EJSgiasiq';' RR .—Earnings—
•Gjoss from riVilwey
Nc-t from railway.Lf,' 2,
/Net. ry. cper, income...
Keystone Steel & Wire Co.—Board Discharges Presi¬
dent—Changes in Personnel Announced—
W. H.
Sommer, President and director of this company for the
past 10 years, has been removed from the office of President by the
tinue
27,132,491
103,047
r
and
Traffic
2443.
p.
Le'Mgli & New
Gross
'
Leans
$525,851
202,380
.
Misc.
opc-r.-inccme...
ry.
*Do* ioitV.161,
•
retirement of the $1,400,000 15-year 4^ debentures '
•on Aug.
1, 1945, fit 104 and interest.
The rate on, this portion of the loan is 3 Vts ft.
The. $500,000 balance of the commitment may be
■exercised within five years at 2V4 W
V. 161, p. 1035.
•election
23,732,085
,
Temporary- cash
Special deposits
1942
■
1
:
-
The company lias obtained a credit1 of
Life Insurance Co. of New York.
Of this,
immediately
25,513,401
4,521,724
'
€0.—Receives" Loan to Redeem 4% Debs.—
$2,000,000 from the Mutual
51,500,000 will be taken up'
Katz Drug
-.
984,053
22,637,129
income—
'
debt and
337,915
1.844,205 / 1,730,363
950,144 '
835.974
408,367
402,942
income—
oper.
3,290,835
1,111,829
S5;075;312
1943
,
■208,337
227,234
82,818
Net
railway—_
3,930,498
1,298,324
■
1944
"
h;
■
railway.-^--.
from
Net
1944
$3:>;.!,043 .
mi78 K
89,433
83,005
income—
oper,
ry.
'
raUwny__„__
4,708,787
funded
on
fixed
Investments
.
1945
$421,282.
2,775
21,425,303
$0.16
$355,438
189,943
109,960
•
income....
cper,
ry.
■
from .railway-.,--..
*
Gull Ry.—Earnings—
.vi rt''-;;
22,694,732
,.
General Balance
.
,
1944
1945
$333,884
820.216
.
deposits, $172,818;:
taxes' accrued. $2.635,371:
interest accrued, $233*478; other current
and accrued liabilities, '$tl,l04;V;defeiTe'd .'-credits, "'$571,937;
reserves
for property ■ retirement, $5,627,572;
rem for amortization 'of. limitedterm ..investments,-.. $127,758;- res.
for amortisation' of electric plant
acquisition adjustments, $123;523;. re's, Jo? ■ uncollectible accounts, $53,359; res,
for inventory adju.-tm.rnt, ^37,713;
res, for injuries and
slamsacs, $29,941; other reservosl $15,788.; contr'bntlqns in aid of con¬
struction,
$18,091; consignments (contrtV; -.i. $21,713:'- earned' surplus
<$563,163"-"restricted as to dividends pending U'snos'tlon of reacquired
■capital stock), $1,444,034; total,'^44,714,425.—V. 161,-p. 1543.
'''t'
avail,
Assets—
i
,
,
From J m, 1—
interest (cash la'-special deposits); $3,959; 'customers'
May—
48,370,589
19,226,666
income
—
Dividends
$326,854
!\
—
161, p. 2448.
from
Net
Net
Kansas. Oklahoma &
69,795,892
67,952,136
2,000,000
Lake Superior & Ishpeming RR.—Earnings—
preferred stock ($100 par), $6,650,000; $3 preferred
/stock
(13,511
shares
no
par) , $1,577,122;.. comma a ' stock /■ .(fcOO.000"
•shares, no par), $8,6(30,000; premium on capital stock <7% preferred),
§6,990; 1st mtgc, bonds, 3%'f series due 1670, $16,000,000; 6% gold
debenture
bonds, series A,
Jue 2022. $3.C'J9,OGO; accounts payable,
•
90,646,868
63,670,261
;
Net income.
2.OGO.0CO
taxes..
1
May— - >'-: 'vv:';:
Gross from railway...!.
Liabilities—7%
declared,
82,896,927
Miscellaneous/.deductions
1944
1945
•
•
profit after charges and
net
of capital shares
Earnings per share..
■—V.
750,000
-
' '
'Quarter Ended March 31—
Net
dividends
operations.
ry.
operating
railway
Total
Ltd.—Earnings—-
Shore Mines,
Gross from, railway.a.
$101,547;
168,824,550
99,028,658
1944
'$2,380,787;
expense;
118,152,434
,
$1,737,412;
demand),
(on
131,882,614
operating
Other income
.There have been called for redemption on July 20, next, $21,500 of .
.modified firat mortgage leasehold 4'/a % bonds due April 25, 1948; at
ICO .and, interest..
Payment .will be made at The Continental Bank "
& Trust' Co., trustee, 30 Broad Street, New YOTk, N. Y„ out of funds
$2,396,426 v irt the sinking fund.—V". 160, p. 2758.
"
6,281 V
$35,395,439; investments, $531,520; cash
special derrsits; $8,959; working
funds, $14,600; U. S. Govt, securities, $2,411,000; accounts receivable
(customers and miscellaneous), $419,395; materials and supplies, $593,«64; prepayments, $15,302; other current and accrued assets, $21,511;
banks
expenses....
Equipment rents—net Crew—facility 'rents—net
(1375-1383 Broadway Corp.)—
1943
1944
214,779,541 208,799,302
Railway tax accrual^
Railway
Lefcourt State Building
Assets—Total electric plant,
in
' V'■
v
$215,636
;*
574,139
750,000 >
1,500
$2,270,500
961,281
$2,336,939
Gross income
Interest and other
1.83
1942
revenues....
operating
operating
Other
V;
203.3
passenger-mile; (cents)1.84
per
Railway
Railway
175,000
$49,991
43,750
$46,067
.......
-7V. 161; p. 2001.'.";
>
'
_
mile__—_____
______T.
—
Joint
3,107,567
951,603
202.4
9.07
Summary of Income Account for Calendar Years
i
!942
$7,781,235
12.440,022
2,517,875,634
11,905,645
2,420,824,175
$647,431
63,243
66,213
,
income
stock
$45,822,826
'
passengers—_f——
$608,106
9,911
deducts^
230.2
$46,351,782
passengers one
Revenue
$146,119
(net
other
72,607,969
16,713,670,620
237.1
8.95
i..-..
—
416,000
77)153
.
income..
and
revenue
312,177
302,279
80,460
ex¬
taxes...-; $
income..—
oper.
4,744.84
$151,547,292
haul—miles
Revenue per ton-mile (mills.)
Passenger
1943
1944
:
.
4,745.62
Average
..
Net
'•"
'
"
profits '
and
revenue
$2,719,535
.
Federal
Statistics for Calendar Years
,
$155,689,563
freight..,..,—_•_—
73,374,452
freight one mile——17,397,614,384
revenue
Tons
$2,753,654
371,955
•inc. and excess
Tons
1944
12 Mos.
1945
$688,118
$696,827
Operating expenses
Taxes, other than Fed.
v
j
3,377,503
1,700,648
2,319,206
595.060
taxes
Other taxes
•
1945—3 Mos .—1944—
revenues....
\
operated^...........;.
Freight revenue
Superior District Power Co.—Earnings—
Lake
Period End. Mar. 31—
Operating
'
'•'
•'■
Average mileage
Balance,
1943
$8,756,718
$9,604,585
.
3.572,876
Operating revenues
Operating exps., ekcldd. direct taxes
Federal
-
1944
.
of Principal Traffic
Comparison
1
■/'
"■
.
Co.—Annual Report-
12 Months Ended Dec. 31—
Louisville & Nashville RR.—Annual Report—
Utility Holding Company Act.—
public utility system under the Public
V.
161, p. 2661.
'
^
Kansas Gas & Electric
11
the Commission to determine whether the
of Koppers is confined to a single integrated
by
instituted
ceedings
purchase their stock at $31.50 per share
stockholders of Sullivan to
to
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4399
,Volume 162
New
of
$15,839t000
for five textile
of, the
..."
England Public Service Co. which owns New England Industries,
must approve
the bids.
12
THE COMMERCIAL & FINANCIAL CHRONICLE
stock of the above company, or voting certificates
Mahoning Coal RE.—Earnings—
,.
i
1944
.
Prom
of
lease
roacL——
for the preferred and $11 per share for the common stock, less
transfer taxes.
Fractional scrip was paid for at the rate of $56,50
share for the preferred and $11 per share for the common stock.-,
V. 161, p. 1428.
.——-
.
6,855
10,987
Miscellaneous
156
■
Massachusetts Investors Second Fund—Asset
Total
income
surtax
Federal
!
..Net
301,773
tax
202,288
695,546
11,102
891,531
.
;
expenses
income
Preferred
303,432
201,182
——2—__
profits
excess
33,068
637,500
'v
road,
etc.
Cash
u—
—
Temporary cash
deposits
and
Total
assets
42,063
27,747
17,937
Liabilities—
——
% •./r.j'V
'■•/■■■.
Preferred
Audited
stock
Matured
tax
unpaid
4,213,976
—
—
1,498,334
4,213,976
5,371,351
—.
5,281,895
Total
-V.
$13,083,102 $13,200,663
:
161, p.
1,640,319
1,783,704
Federal
2,338,479
2,299,307
ry.
2,039,777
income)
Prov.
for
inventories
267,420
324,845
370,685
taxes
on
and
25,987,100
22,363,736
350,430
171,255
(P. R.)
Mallory & Co., Inc.—Annual Report—
1944
.
profit—
war
1,500,000
1,489,064
5,561,836
——
Net
of
services
post-war
Total
sales,
admin, and
*35,364,897
18,474,767
12,475,511
$725,325,
35,703,655
30,545,973
15,549,695
' 10,025,491
provision
has
selling,
gen.
exps.
Net
profit
oper.
Miscellaneous
Prov. for Fed.
Prov.
for
5,779,830
4,818,924
2,925,072
2,450,020
185,582
179,868
38,409
52,982
charges—
taxes
3,460,000
4,078,425
for
457,700
:
350,000
212,500
Cash
U.
profits
tax,
profits tax
(net
$13,410,000
and
.tNet income
♦After
1,058,123
sh
com.
829,056
$2.41
$3.07
of
to
$150,000 to
847.038
530,663
$1.83
$2.93
$15,535,278.
related
earned
taxes
However, by reason
retirement fund applicable
the
(charged
the
Federal
to
earned
to
savings
in
by
surplus
notes
tingencies.
Goodwill, trade
:
including
net
1942,
of - 343,632
profit
the
shares,
basis
of
for
1S43,
reserve
was
with
fr
Loan- of
1,
1946,
VT
negotiated
used
was
Sept.
immediately
of
''
as:yet.
;iv.
•'
/
-v
$6,000,000
"V"
been
not
\
y,
of
loan which
The balance,
drawn
:•
and
accounts
receivable
hand
on
and
1944, there
were
1,886 stockholders as compared with
ago.
This compares with $10.41
Defense
Reference
facilities
made
was
Corporation
ing known
During
A
floor space,
by
critical
were
last
1943.
-;-,r J
Corporation Facilities
year's
annual report
This latter
included purchase of the small
the
build¬
to"
1945
the
Defense
Plant
Corporation
erected
were^ expanded
company,
to
in
granted to secured
the
rear
of
the
main
plant
on
more
equipment.
land given
"
•
The
of
1944
S.
Govt,
and
securities^—______
accts.
Inventories
receivable
$4,710,134
3,497,684
4,456,865
2,051~751
130,674
67,567
expenses and defd.
from officers and
chgs.—
172,984
employees—
Investments
Defd.
Fed.
tax
prof,
oodwill
7,140
11,559
203,939
126,746
•
—
There
———
Llabiiftica—
pdyafre banks__
;
2,220,087
1
1
$18,565,228 $15,789,831
$8,430,787
1
,
$6,000,000
to
$6,000,000
exps.
2,609,359
sinking fund for redemption
pfd. stock—per contra—
100,000
2,087,022
eserve-'fdr inventory obsolescence.
Prov. for ,ppst-war contingencies
♦Convertible 4v4%
pfd,
stk.
100,000
equity
—
or
I.,
87,886
1,620,000
Hospital Trn«t Co.,
offered to purchase
as
on
$8,430,787
"t"
under
*
'
Sought—
or
Gross
is
use
to
June
9,162,350
Net
Net
ry.
10,037,853
1,369,560
declared
27
stock,
quarterly dividend
a
30,
t1942
$3,387,503
$2,637,347
$3,696,480
1,106,746
income-
425.550
756,676
593,521
9,148,572
12,515,315
17,467,231
15,330,625
3,798,353
4,511,181
3.569,470
2,953,569
2,703,955
1,897,917
1,048,258
522,710
income—
oper.
161,
called
made
for
due
the
of
outstanding
1,
1960,
100 and
redemption
Central
Aug.
on
with
be
of 20
Bank
cents
tlncludlng Wisconsin Central Ry.
have
1st
&
been
collateral
called
for
at
1945,
any
1,
next, $45,000 of
Bank
&
90
in
with
connection
a
Trust
and
$75,000
its
of
property
proceeds
the
1
at
East
and
the
15,
to
the 5%
to
re¬
for
Net
the
company,
Divs.
21
last.
Shortly
were
wages
to
grant
the
that
to
date,
and
the company,
in
to
employees
strike
on
Feb.
raise
the
men
went
out
3.
The President of the
the
to
take
system.
provisional
the
Federal
p.
2449.
pfd.
an
District Department, with the
over temporarily
the properties in Mexico and manage
The. Interyentor, immediately granted the
employees a
increase of 2 pesos per day, which represents an increase
1945—12 Mos.—1944
$465,398
$6,013,056
$5,676,058
201,242
3,106,517
3,221,815
27,750
659,152
451,250
149,618
1,341,223
1,118,819
$76,787
21,710
$906,163
222,658
$52,176
stock-
$55,076
$683,504
.
10,049,
$884,173
■*
279,067
$605,105
20,693
195,098
248,316
$34;383
,
$42,126
$488,406
$356,789
2662.
P.
Trust Co.,
of
the
18th Street and Grand Avenue, Kansas City, Mo,
stock
may
present and surrender the
on
and after July 21, 1945, and receive the full
of $105
and dividends to
Aug. 1, 1945.—V.
160,
preferred
therefor
price
.
Earnings—
May—
1945
from
Net
from
Net
ry.
railway-
oper.
income—
1944
1943
1942
$276,847
111,444
railway-
$279,685
$250,954
$246v140
112,278
117,536
114,513
78,584
77,493
74,614
83,383
1.115,248
1,175,539
1,019,965
484,158
380,164
325,526
301,522
From Jan. 1—
Gross from
railwayNet from railway
—_
1326,808
1,223,898
407,945
Net ry. eper. income—
253,871
304,239
—V.
161, p. 2449.
Missouri-Kansas-Texas RR.- -Refunding Plan Submitted to Finance Committee—
The
Republic forthwith issued
Emergency Decree,
duty
of taking over and
operating the tramways system in order to avoid
serious inconvenience to the public, arid the Chief of
the Federal
District Department, Sr. Rojo Gomez,
thereupon appointed an interby which he entrusted
may
23,159
income
&
Gross
N
the
National
bonds
$75,335
Montour RR.
them
whatever.
and
Chase
39,250
189,625
income
redemption
grant.
The company expressed
reasonable increases provided
tariffs
The
mentioned
■
P.. 2186.
the company stated that without this increase in tariffs,
the employees themselves opposed, it would be quite
to
161,
184,369
taxes
Holders
however
refused
for
certificates
were, increased to the minimum prescribed by the com¬
pany's concession and .also in
accordance
with
the
terms of the
Regulations for the Public Service of Passenger Transportation in the
Federal District which provide for reasonable returns upon the invested
Government
at
1945—Month—1944
__
depreciation-
on
Bank
tariffs
The
or
above
The company has called for
redemption on Aug. 1, next, all of its
outstanding $7 cumulative preferred stock of no par value at $105 per
share and dividends.,/ Payment will be- made at the
City National
.says:
prospect
among
,
bonds
1945, *at
Missouri Edison Co.—To Retire Preferred Stock—
and social benefits for the' employees
of pesos per annum, which were quite
amounting to many millions
beyond the ability of the company
willingness
before
made
111.,
the
$488,580
expenses
V-V. 161,
year for the board of directors
annual report and accounts of this company for the
ending on the previous Dec. 31, and to hold the annual
general meeting during the month of June, but for the reasons given
below it has not been
possible to do so on the present occasion.
The company's collective labor contract with the Syndicate repre¬
senting the company's employees in Mexico was to mature and be
increased
of
manner..—V.
Balance
the
Jan.
above
pur¬
non-cumulative incdme
of
the
in
revenue
Gross
replacements,, alterations
St., N. Y. City.
shareholders
owners
Intrest., &c., deductions
Co.—Properties Operated by Mexi¬
letter, dated June
28,
time obtain payment of the redemption price of said bonds,
with interest accrued to July 28,
1945, upon surrender of
Operating
for
60th
registered
Period End. May 31—
Gross
Co.,
Prov.
program
•
income
July
Mississippi Power Co.—Earnings—
registered $2,000,000 of 25-year 2V2% refunding
SEC.
Bonds mature on May
1, 1970.
The
at
& Co., Inc., -Chicago,
City of New York.
the
of
together
1963, at 101 and interest.
Hanover
5%
mortgage
redemption
Payment will be made at the Northwestern National
Minneapolis, trustee, Minneapolis, Minn., or at the office of
Stuart
Holders
the
offered
559,789
Interest.
of
their bonds
the
868,002
-
2449.
p.
Jan.
Halsey,
company
bonds due May 1,
at
713,455
Minnesota & Ontario Paper Co.—Calls Bonds—
All
payable Aug. 1 to holders
paid 15 cents per share
$1,
par
the
Earns.
+1943
1,369,560
—V.
customary'at this period of the
but
1945
♦1944
♦Excluding Wisconsin Central Ry.
year
for
28,
660,868
railway
railway
from
13,673,520
$97,321,373 $91,172,939
Previously,
161, p. 2558.
stockholders
on
Feb.
$2,408,438
-
from
34,723,619
7,572,600
—
June 20
will
publish
fiscal
ventor
15 Westminster St.,
before-June
railway
oper.
10,037,853
impossible to grant any wage increases
3,173:766
159, p. 2637.
agent,
be
on
repairs
capital,
tSee note
ry.
13,673,520
Mexico Tramways
can Government—
which
$18,565,228 $15,789,831
Sheet,
Prom Jan.1—
36,358,967
—,—
been
bonds
will
100,000
3,579,168
Manville Jenckes Corp.—Tenders
R.
v.
poses,
212,500
1,620,000
Balance'
railway-
from
Net
$1,400,000 .of existing first mortgage indebtedness,
The club, .organized more-than half a century ago-for social
562,500
4,253,986
par $25 each.
account above for number of shares.—V.
Providence,
'320,000
profit
profit)—
Broadway, .New York, N. Y.—V. 161, p. 2788.
bonds
100,000
.
♦Represented by 60,000 shares,
Is'and
70
The club
on
Total'' ^1—
Th»
1,100,000
2,283,497..
1,691.141
1,020,200
fCoipmon stockholders} equity
income
1,561,024
150,000
2,826,683
$3.69
prior year.
*1945
from
Net
Metropolitan Club, Inc.—Registers With SEC—
its
taxes
309,024
$5.15
—
for
1,376
less
Provision
the
eserv&Ior, rebates to U. S. Govt.
under "rengotiation proceedings
for Federal
excess
—
thereof, demands of all kinds
35,000
cum.
revision
11.
will
demands
:—
ccounts payable and accrued
of
July
have
renewed
"otes.
ue
deferred
on
(excl.
sinking fund 4J/2%
trustee,
to
2,433,394
MOtcs',p£tyable of Light Metals, Inc.;
Banits
tax
4,000,000
320,000
contingencies
war
common
quarter.—V.
Payment
It
1O0.OOO
2,313,135
309,024
$6.66
—
share
May—
Gross
1,691,860
5,500,000
131.035
and
etc
on
the
on
debenture
—17,999
—
directors
A circular
350"000
808,575
$711,900
Minneapolis St. Paul & Sault Ste. Marie RR.
94,172
917,250
Mercantile Properties, Inc.—Partial Redemption-
344,334
taxes
kg. fund'requirements for redemp¬
tion-, of cum. pfd. stk.—per contra
perating property (net).—
atents, licenses and trade names_
*
863,072
160,923
917,250
2,051,606
3,345,345
42,264
recoveries—_
exc.
$607,731
;
18,531
_a—a—
inc.
>ost-war refund of
Totaj
•
$994,612
w
mechanical reasons it is not always
to arrange
companies in exact alphabetical
However, they are always as near alphabetical
position as possible.
fund
4,039,102
__a—_____————4,603,216
Prepaid
Due
1942
$4,305,087
1,800,000
(net)—
—$1,286,746
year
—
2,427,059
year—i._A_
one
1—
mortgage
1943
prior
11,358,592
liabilities—A
accrued
(par $10)
surplus—-.
surplus
secured
26,000
1,986,000
Crl62,000
434,565
for
0280,000
tCr4,383
NOTE—For
$3,185,266
2,333,997
14,125,408
income
stock
record
new
Cash
Notes
$4,606,600
■—______
901,174
Fedincome
share
each
.
Comparative Balance Sheet, Dec. 31
'Assets—
XJ.
creditors
debt due within
for
per
39,000
2,797.000
3,670,000
Cr367,000
possible
McLellan Stores Co.—Dividend Rate Increased—
these facilities should be retained when military
fulfilled is impossible to state at this time.
are
;
taxes
1
'•"♦Af'ter deducting U. S. Govt, tax anticipation notes of $6,000,000. in
1945 and $4,500,0p0 in 1944.—V. 161, p. 2788.
' •'
What percentage of
requirements
1,127,304
1
—
taxes—
'Total
$6,257,000.
to the Defense Plant Corporation.
As the
batteries became more insistent, additional leases
for
1,188,436
bonuses and commis.—
on
Treasury stock (Dr)
facilities
company
need
trade
taxes
Insurance,
Long-term debt
Plant;
21,413
year ended Feb, 28, 1945 (estimated),
$4,731,000; capital stock (193,140
shares, no par), $i;834,830; earned surplus, $3,290,245;
total, $12,381,180.—V. 160, p. 14.
"
2,443,970
30,056,632
.
early
lease
,151,000
for
Bank
Defense
were devoted principally to enlarging battery production
modern, air-condition building with 75,000 square feet of
was
933,507
5,287,194
;
to
218,000
value
accounts payable.
$801,508; renegotiation settle¬
prior
year,
$450,886;
salaries,
wages
and
commissions,
payroll and withholding taxes, $231,311; dividends
payable
(paid March 15, 1945), $48,285; local taxes
accrued, $3,554; Federal
capital stock tax accrued, $37,568; Federal and State taxes on income
and provision
for refund of profits on war contracts for the fiscal
7,687,924
etc—:
instalment sales
Capital
291,000
declared
...
for
and
under
Th^ increases
over
Plant
in
Plant 5.
as
facilities.
of Dec. 31,
as
totalling $2,865,670.
This amount represented
the Bearings Division,
expended
largely for
equipment and the acquisition of a pilot plant for
1944
are
Res.
$3,783,336
19,106
$2,735,689
46,531
.27,805.
$4,947,277
$951,995;
21,596,594
29,654,665
wages,
inventories
for
from
facilities
provided
machinery and
the Battery project.
which
Rfes.
$2,727,988
7,701
———:
20,000
per
cost
ment
19,308,544
9,307,761
20,820,269
creditors
for
894!l89
$3,761,079
22,257
Liabilities—Trade
1944:>':
$8,018,463
(net)
—
Federal
Miscellaneous
Res.
766,731
$4,919,472
order.
other
Sundry
$19,398,523 $13,737,599
14,870,714
10,115,422
830,789
deposits and working funds, $3,021,603;
securities,
amortization, $2,039,858; receivables
(net),
$3,472,398;
Inventories, $1,417,359; post-war refund of excess profits tax
(efct.),
$801,887; cash surrender value of life insurance,
$136,711; stock of
domestic corporation
(at cost),
$103,133; sundry accounts, $67,365;
property, plants and equipment
(net), $1,285,454; deferred charges,
$35,413; total, $12,381,180.
at
31
Jan.
1,092,967
names,
allow¬
refund
to
transit
in
i
payable,
Accrued
131,846
Supply Co., Inc. (& Subs.)—Earns.
Consolidated
(before two-for-one
,
(net)—
salaries,
♦Accrued
Capital
[■'
The average holding of common shares was 245, of
preferred shares, 123, Total stockholders' equity amounted to $5,873,986.
After deducting $1,620,000 to cover the redemption provision of
the convertible preferred stock at $27 per share, the book Value of
eacb.pf the presently outstanding 343,620 common shares is $12.50.
.a. year
Accounts
244,421
—
and
tOverprovision
Liabilities—
Accrued
373,642
221,279
A———1
i
*
profits
Earnings
to
$97,321,373 $91,172,939
>/■'
maturing
and
of
;
assets
assets
Earned
of Dec. 31,
1,471
^
1944.
has
unused,
Stockholders
.-■
As
while
the
Dec. 31,
21
1945).
the basis
on
1944. '
15,
retire
to
Which
1%- interest
2%%
interest at
and would have matured
Vz
Other
Fixed
234,288
102,303
115,825
Assets—Demand
debtors——
Long-term
of
as
Sundry
30,840
595,920
profits tax
years,
Loan
bore 3%" interest
bears
for
exception
$9,000,000, bearing
was
loan
this, mvt
'j,
computed
the year 1943 were concluded
to stockholders in the Annual
that the $150,000 renegotiation
Renegotiation proceedings for 1944 have not
"
:'-i
the
yet been undertaken.
.«<;•
'•"A
been
reported
as
not required.
March
have
for
proceedings
earnings
Report
as
v'/V1
share
per
the basis of 288,860 shares; for 1943,
and for 1944, 343,620 shares.
;
on
ivote—Renegotiation
on
,■■■""'
>
; ■
and
-Taxes
charge
'>i?:v'
1945
•
deposit and on hand
$8,916,313
Securities, at cost—21,053,767
Invent, of merchandise
cover
corresponding
a
Deferred charges-
reserve
22,218
769,411
,
profits
Dividends
income.
on
'
Customers'
17,242
701,403
239,572
Net
surplus),
the sum of
Federal tax on income,
value stock outstanding at Jan.
par
possible renegotiation rebates,
tin addition in 1941, $100,000 was set aside before net profits for
inventory obsolescence.
In 1942, $212,500; in 1943, $350,000, and in
1944
$457,790
was
reserved
before net profits for post-war
con¬
a
to
demand
on
50,499
'sold—————.—17,381,941
Underprovision
taxes.
S. Govt.
1942
$125,301
returns,
—
Post-war
ended Jan. 31, 1943, the provision includes $9,900,000
profits tax (net of 10% credit) and $2,411,000 for other
Assets—
1943
23,766
State taxes
$16,-
$608,000.
excess
amount
taxes
Comparative Consolidated Balance Sheet,
post-war con¬
as
Feb. 28, '45 Feb. 29, '44 Feb.
28.' 43
less
surtax
Excess
$1,825,400),
excess
year
$10
100,000
per
total of
a
$1,014,441
years
credited
for
income
split-up authorized April 3,
tingencies
tEarns.
of
representing
excess
§On
1,450,000
2,143,500
Inventory ob¬
solescence
Prov.
for
income
other
and
prior
the
soon
29,358
————,._A—w_—_
excess
$3.83
of
value
in Federal taxes on Income,
ended Jan. 31, 1944, estimated
respectively,-
been
tFor
as
$118,775
,
deductions
Normal
3,691,128
$4.03
credit
declared
and
surtax
saving
year
of
has
annual
June
convened
1944
etc. ——2———— $23,132,202
Other income
4,697,705
3,691,128
$4.52
'
—
(after
taxes
tax,
credit)
41,483,485
sales—
Cost
'.*v
it
the
of
34,502
,
-Operating Income
381,978
4,964,499
3,691,133
—
share—
per
profits
normal
appropriation
an
$
be
that
hold
con¬
—
-
$2,125,278,
1941
1942
1943
-
a'
•
Calendar Years-
account
and
month
$143,583
income—
oper.
Expenses
■
i
will
706,838
railway
railway
Cost of goods
17,219,428
650,015
-—2——-,'
Dividends
the
4
48,573
income—
sales,
Other
10%
this
161, p. 2449.
Gross
22,714,166
17,390,683
income—2;_* 19,575,279 116,260,603 $12,311,000
tingencies
tFor
year
Feb.
Earnings—
railway—
Years Ended—
—
Fed.
of
per
on
$163,511
Midwest Piping &
indebted¬
other
and
for
$2,534,979;
2449.
'
pesos
and
1,779,114
Prov.
♦Excess
on
1945
from
—V.
amort, of mtge. discount
§ Earnings
is
practice
during the
shareholders
from
Net
857,200
income——2-—-u—2— .;26,637,115
432,300;
of
railway
oper.
Net
817,077
.
Net
3,000,000
benefits,
From Jan. 1—
Gross
"
—__
Trading profit——
Non-trading income
27,747
:
1,277,003
ry.
ances,
16,534
42,063
—.
—
$
-•
150,549,838 140,330,642 129,516,488
—
repairs.
expense
811
16,534
—
surplus
surplus
661,367
809
liability
Appropriated
$1,500,000
661,367
—
dividends
Accrued
$1,500,000
preferred stock payable Jan. 3—.
on
*
944,003
mtge.
and
Total
—————
accounts
Dividend
on
$
year 1944, and It
follow
the
usual
to
.
from
from
Net
1943
and amortization
(excl.
and
*.
Net
181,727,159 167,919,311 151,782,692
expenses.—
Taxes
ness
"
'•"
1
.
depts.)
goods sold, selling oper. and
Depreciation
Int.
"
i»
leased
1944
the
Midland Valley RR.
183,707
$13,083,102 $13,200,663
2—2—
li
'
and
1,300,073
________——
stock
Common
1,102,501
279,359
—,
_______
1
(inch
Maintenance
7,125
——s.———.
.
Famed
975,000
_———
receivable.-.—_______
.
dividends
receivable
Rents
Deferred
48,373
905,000
investments
Special
Interest
22,525
.__—
'■
sales
admin,
$10,643,717 $10,728,639
—
'
.
1943
1944
Assets-—
1945
social
resumed.
properties and consequently of
by the Intervener, which is still in
considerable delay in
the
preparation of the
occasioned
for
meeting
May—
(& Subs.)—Earnings—
Years Ended Jan. 31—
was
annual meeting of shareholders
conditions permit.—-V. 160,
p. 13.
,_r.'
v
May Department Stores Co.
Net
in
2788.
p.
approximately
correlative
system
The
$10,202,439
161,
Cost of
Comparative Condensed General Balance Sheet, Dec. 31
Investments
of
the
impossible
general
from the figures on May 31 of last year, when net
amounted to $1.0.60 per share on 962,746 shares,
share
per
—V.
$1,186,793
33,068
750,000
$938,295
750,000
—
a
assets
has
been
reports total net assets of $12,500,692 on May 31, 1945,
$13.06 per share on the 957,538 shares outstanding.
This represents
gain of $2,298,253 in net assets and a rise of 23.2% in net asset
value
for
pesos
of
statements
yalue—
Gross
33,068
dividends
200,908
742,349
10,352
10,956
$940,019
dividends
Common
$2,444,394
303,992
$2,346,503
tax
J
Miscellaneous
$2,149,622
j—
income
Federal
500,000
of
expenses
Jh fftaklnS ,over
company's
the offices and records ^,he Mexico
in
The company
______
or
Federal
plus
company's
force,
1,781
1,270
1
:
the
operation
per
$2,406,828
34,515
$2,339,646
—
——_
Income from unfunded sec. & accts.
1942
1943
$2,138,480
—_
Dividend income—
Income from, funded seeuriies——
Monday, July 2, 1945
in
per
share
Income Account for the Year Ended Dec. 31.
.
therefor, at $55
on
June
26
referred to
its finance committee for
plan of capital readjustment submitted by Robert D. Sanders
directors elected to the board by a stockholders'
committee'
over the management's opposition,
at the annual meeting April 6.
Details of the plan were not announced but are
understood to con¬
study,
one
directors
a
of two
template
of
the
mately
a
refunding of the entire capital structure with the
exception
callable first mortgage -4% bonds, due 1990.
In
$27,890,000
addition
to
the
first
$25,400,000
mortgage issue,
callable
prior
lien
there
4s,
are
4V2s
outstanding
and
5s,
apo'roxl-
$13,577,567
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4399
162
Volume
below
which some $6,000,000 of unpaid Inter¬
accrued, and $66,692,438 preferred stock, on which $62,000,000
./< ;
adjustment mortgage bonds, on
est has
kwh,
12,840,767
of
the
for
>' «
••
the June 22 week
•<
.'
■
week
corresponding
■
The
a
for
The
his selection, by the executive committee on .June 18 as
the directors at their meeting In New York on June 26
E. Pierson as Chairman of the board, succeeding the
Matthew S. Sloan.
As such, Mr. Pierso/r is functioning as chief
Lewis
elected
late
officer
executive
member of the
May—
from
Net
ry. oper.
railway
448,964
income
from
483,718
„
*Nct
plan
the
Massachusetts
for
V.
161,
2789.
p.
Rhode
The
for
The
of
laws
the
under
of
share
a
and
for
each
Co.—$16.50
and
common
for
comparable
figure for
decrease of
a
the
week
1.98%
New Orleans & Northeastern
Calendar Years—
Gross
520,850.
:
April 21, 1945, the directors authorized the issuance of the
20,850 shares of common stock in connection with the acquisition by
the corporation of outstanding common stock of Caribbean Atlantic
Airlines, Inc., pursuant to an agreement between the corporation and
Dennis Powelson, the owner of 21,000 shares of the outstanding 41,700
shares of stock of the Caribbean Atlantic Airlines, Inc., dated April
10, 1945,
This agreement provides that the corporation will issue to
Dennis Powelson 16,710 shares of its stock covered by this application
in exchange for his 21,000 shares of Caribbean Atlantic Airlines,: Inc.,
provided that other stockholders of Caribbean Atlantic Airlines, Inc.,
exchange a Sufficient number of their shares on a basis of five shares
oi common stock of Caribbean for one share of the common stock of
National so that National will hold not less than 80% of the presently
stock applied for to date
each
oper.
:
Net
from
Non-operating
New
6,783.905
$7,737,327
$6,845,029
4,924,725
4,411,414
1,103,136
1,019,650
income—....
$1,196,002 i $1,709,465
$1,413,966
from
income
78,754
56,255
Federal
and
$1,444,372
326,290
333,923
$1,110,448
charges.
General Balance
Sheet,
Dec.
stock
ferred
of
$10
par
due
listed
and
the
on
York
New
and
Interest
Other
supplies
—
dividends
in
John
L.
Loeb,
director
a
to
fill
a
on
Interest
National Securities & Research
Accrued
Other
161,
p.
Profit
and
balances
wages
(Cr)
———7,19a,000
1,161,518
Y.
payable
-
-V.
26.824
3,588,492
5,162,610
181,465
8,137
.
3,262,282.
Y Y
i
142,162
882/587
8,399,365
1944
1943
1942
$1,005,776
$1,067,471
$1,221,917
$1,040,661
406,308
457,240
668,093
615,496
income__
93,947
•98,887
101,902
ry.
5,468,656
5,284,949
5,806,026
4,004,600
2,553,679
2,233,079
3,277,293
and
Period End. May 31—
558,478
452,518
665,346
720,444
National Tea Co., Chicago—Sales Lower—
There
were
817 stores
ago.—V. 161,
year
p.
in
$•
1945—24 Wks.—1944
operation at June
Equip.
2450.
revenues
tax
and
accruals-
jt.
-5 Mos.-
company
Chairman.
•
Mr.
gram
'
■
December
public
announced
and
ownership.
it
seek
would
-Petitions
•
are
to turn
the
over
possible
be
by
the
interest
161,
the
.
new
New
the
week
12,622,837
ended
kwh.
June
This
22
is
a
the
.
Association
decrease
of
prof, taxes
3,653,555
3,788,545
17,724,559
12,671,071
'
cess
Other
to
of
7,351,419
saving
oper.
Net
income
364.579
1,924,199
of
at the rate of more than $400,000 a year.
savings amounts to more than one-quarter; the
or
approximately a 29%
return on the'
a
Y~.
year.
7,583,569
5,510,721
p.
nU ,-\i
2450.
8,333
175,000
$601,048
$5,335,721
:■
■
;
.
'
; ;
(Del.)—Extension Granted
has
granted
within
20
the
SEC
in
company
which
a
to
an
amend
unanimous
additional
its
plan
decision
output of this
Y
company
for the
^
q - ..wrs
week ended June1;
45,245,000 kwh.. as compared with 40.440,000
corresponding week last vear, an increase of 11.9%.—V.
totaled
-
obligations
•
161,
/•<<".
kwh.,
or
(Charles F.) Noyes Co., Inc.
41,667
-
to
p.
surplus—
$1,608,799
$2,920,284
Adoption of
'2789.
the
will
New York, New Haven &
1.70%
Commission1
;
New
by
Hartford RR.-—Seeks to Re~
Haven
to
RR. again has petitioned
hold'further
Road.
hearings
on
reorganization
of
an
its
—
of
the
,
-
„
Establishes
161, *p.'2790/
i YH
i V 1
i J
•
^T0pyee
:
Employees Profit-Sharing Pension Plan, heralded as
in the real estate brokerage field, is announced
kind
Charles F; Noyes,
Chairman..
,
The plan was ratified at itfae-:a{nAual
meeting held on June 18.
a
;*•-
marks the final step in the 100% mutualization of one of America's largest real estate organizations Which;f since
1938, has been owned by approximately 80% of its employees. f Since
1920
all Noyes employees have been Insured with the Metropolitan.
Operation of the plan
the Interstate Commerce
the
first
stockholders'
Hearings ori Reorganization Plaii—
The Pennsylvania
repoYts electric output
217,930
i—
&3;'v.l$45,
kwh.1 for the
Profit-Sharing Pension System—
Balance
—V.
•
.
appropriations
!;i. r-v
freight-ton-miles at an operating cost' of 60 "cents per
against $1.14 per locomotive-mile for steamers^' Per-."
hours of yard service annually, the diesel-electrics are
than $20,000 a year over the operating cost of steamers1
SEC
26
Electric
2,961,951
35,000
v,-<t'
•
/'Y^'
4,698,452
609,381
,
units on passenger runs ds 49:cents
new
Weekly Output—
'
•
by Alco-
eight
approximately
period df.'YJO/ days
of liquidatibftY'- Last
approved the / lipuidatiqn
plan with the provision that the company file a "minor amendment''
relating to the treatment of the capital and reserve accounts; of... a
subsidiary, Northern States Power Co. (Minn.)- Y "
/ ■ ■
q/v m"
1,801,951
934,194
392,821
1,973,768
t
annual
service."—V.'- 161,
June
8,299,500
2,991,000
1,643,799
income..
Installation
costs
6,575
more
this
The
22,380,595
8,090,557
1945—5 Mos.—1944
1,631,000
of its operations,
survey
the
that
operating
..
$8,394,591 $41,099,153 $42,389,925
taxes—
Susque¬
locomotive-mile
forming
& St. Louis RR.—Earnings-
1945—Month—t-1844
to
diesel-electrics,
approximately '$19,000
operating cost of the
113,000,000
31,084,519 ' 34,604,888
688,889
1,308,223
ex¬
railway taxes
Net
reduce
Northern States Power Co.
$8,240,659
profits
showed
14,906,858
York, Chicago
and
motive-power
delivered
producing savings
the
from
income
.*'
was
locomotive-mile as compared to $1 per ■.lncomotive-milenfflr- -the
steamers.
In addition/In 1945 the 16 units will handle'an festimated
18,389,807
3,279,008
3,556,568
■■■.<(.
•
units
diesel-electric
per
2450,
p.
Federal income
New England Gas & Electric Association—Output—
For
of
337,773
3,918,209
Period End. May 31Gross
opeu
.;
is
April
161,
than was possible with the
added;
Sinking funds and other
district's
...
ing
'
being circulated to create an
which the Electric Committee would
rate
2559.
p.
7.405,326
130,753
charges--!-
and exc.
of
low
decreased."—V.
1,517,150
7,702,517
income
,Y.,
-
.
Completed—
faster schedules,
they replace,
on
after a
would
estimated
♦Includes Federal inc.
the NPC will in no way interfere with -the
present movement for the creation of the Omaha Public Power Dis¬
trict," Mr. Maenner said.
"As a matter of fact, it will assist the
district—when
it
is
created?—in
that
through
the
savings
made
refinancing
8,262,721
-V.
negotiate for transfer of the operating company.
"The
8,622,918
1,703,451
deductions
^ *
■ ..
Susquehanna's investment.
Maintenance and depreciation on' 75 coal
cars no
longer required, and maintenance- of ways and structures^-hl*'-
26,342,167
fixed
1941
in
of
in
last
company
22,461,601
Net
now
Omaha Public Power District with
5.888,176
Total
Electric Committee,
Power Co., to reduce the cost of operation of the power company.
The
Electric
Committee
purchased the Nebraska Power Co.
5,999,066
income
Y/;.
(46,484
railroad
further
these
of
cost
8,586,007
Misc.
.; ' '
.
proposed issue, is a part of the general pro¬
Inc., owners of the Nebraska)
the
said
the Omaha
9,360,660
Total
'■ Y Y:
'\,
Maenner
of
June 22
on
1,562,334
oper., incomeincome
Y!%
1944
lowing for new diesel-electric facilities—have been eliminated atsav¬
1,563,782
Other
asked;the Nebraska Railway Commission
for permission to <selh $7;000,000 irt notes, to retire its'preferred stock
as of Sept. 1, 1945, at a call price of $110 a share.
The company asked
similar permission - of the Federal Power Commission at Washington,
on June
21.
A hearing before the Nebraska Railway. Commission will
be held on July 11.
The company proposes to put up $7,000,000 in first mtge. 3% bonds
as
collateral
security for the
notes.
Money from the notes will
retire the 6%
and 7% preferred stock now outstanding.
The notes will bear 21/2%
interest and will save the company more
than
$325,000
a
year
in interest, according
to T. H, Maenner,
The
ation
42,237,537 221,821,344 216,921,838
11,452,850
28,950,488
43,282,587
7,761,555
first
This
facility
ry.
31,
Dec.
which
locomotives
representatives,
"The
$7,000,000 of
Vh% Notes to Retire Both Classes of Preferred Stock—
Sheet,
Locomotives
this
announcement
diesel-electrics
$
Net
from
reor¬
?
295,132,599
■rents
Co.—Proceeds
Power
Nebraska
of
1,000-hp.
$130,000 a
year.
In service, however, they exceeded expectations and in 1944 a5
bsecond survey was requested.
As a result, eight more units were or¬
dered and plans were made to release the balance of the steamers,
both passenger and freight.
The few steam locomotives temporarily
retained will be retired as soon as present traffic peaks ease off.
"Based on actual costs in 1944, conversion to all-diesel-electric oper¬
GE
i
1944
$
62,140,897 282,594,093
44,853,676
oper. - expenses.
♦Railway
1945, as against 857
16,
oper.
Ry.
$7,662,702 $43,918,875 $45,332,142
1945
$
•
60,178,079
Ry.
plan
a
Susquehanna & Western RR.—Conversion
traffic,
passenger
"The
RR.—May Earnings—
1945—Month—1944
stock
locomotives,
steam
The
2450.
New York Central
of
2663.
32
2,218,350
income—'
oper.
—V. 161. p.
consummation
after
cumulative preferred stock
hanna
railway
railway
available
be
With the recent delivery of
123,587
from
from
Publics
the
such parents.
of
to Deisel-Electric
From Jan. 1—
Net
of
orders
from
the last of a fleet of 16 Alco-G., E. dieselhas become the first all-dieselelectric, Class I road in the country.
It was announced that the 16
Y diesel-electric units are capable of handling considerably more freight
railway-
oper.
will
event
clectric
1945
ry.
with
accordance
in
tResulting
6,703,191
(Including All Leased Lines)
a
Commission.
New York,
248
rallway____^_
from
appropriated for construction
in all years was
acquisition
;
$3,740,499
1,862,010
2,690,836
Earnings for May and Year to Date
Net
$1,380,000
.....
$5,249,652
2,112,011
$5,844,137
2,112,012
p.
4,230
161,888
Y:
liabilities^
loss—balance
from
917,400
1,420,000
(Cr)__
53,216
4,838
26,824
161, p. 2450.
Gross
2663.
$7,615,959
$3,740,499'
29,657
972,205
418,841
:
161,888
_..'.<Y.
1___
unpaid
liability—
May—
filed with
(bond series,
Sales'.——
2,049,520
1,856,920
$4,332,251
shares," no par),
$21,294,455;
(par $100), $12,000,000; premium,on
5.10%
cumulative preferred
stock,
$102,000;
long-term
debt, $53,*<
387,000; accounts payable, $1,486,144; customers' deposits, $409,602;
taxes
accrued,
$1,988,437; interest accrued, $467,209;
dividends on
preferred stock, accrued but. not declared, $51,000; other current and
accrued liabilities, $264,400;
unamortized premium, less expense, on
debt, $958,810; customers' advances for construction, $141,738;'totlxer
deferred credits, $57,432; retirement reserves
(depreciation) of prop¬
erty, plant and equipment, $11,159,421; reserve for Federal income
taxes for prior years (including $384,036 deposited in escrow), $984,784;
other reserves, $103,570; contributions in aid of construction
(nonrefundable), $1,291,743; capital surplus, $7,864,065; earned sur-,
plus, appropriated for construction and/or bond acquisition, $6,630,000;.
earned surplus unappropriated,
3,383,604; total, $127,025,416.—V. 160,
809,189
366,564
credits
and
taxes
Liabilities—Common
7.19&.O00
Y
554,597
,'
payable
unpaid
surplus'
Federal
In
bond
/or
no
•
Corp.—Registers With
1945—4 Wks.—1944
1,918,174
$4,424,137
income
5.10%
$6,000,000
$6,000,000
_
_____
Special appropriations for additions to property
20
Period End. June 16—
$5,790,019
$1,814,302; total, $127,025,416.
955,307
$31,053,380 $31,110,272
___
liabilities
Unearned
the SEC a registration statement
for
4,000,000
low-priced bond series, preferred;
stock series, income series, general series, stock series, industrial stock
series, selected group series and low-priced common stock series).—
V.
$6,189,172
59,951
matured
tax
Net
June
shares
11,563
$6,342,311
Y
26,798
accounts
cunent
Gross
on
income
768,405
■_.//;.,■//:»\ Y/Y ;f'-. Y "
■
car-service
Unadjusted
SEC—
Company
$5,778,456
14,744
33,147
19,348
52,748
_________
-
matured
Deferred
160, p. 330.
the .board.—V.
i; V
Interest payable Jan.
(Md.)—New Director—
vacancy
•
accounts
Net
elected
$6,174,428
104,135
1,008,790
609,132
:
________
debt
and
Dividends
Carl M. Loeb, Rhoades & Co., has been
partner in
a
$6,238,176
Assets—Property, plant and equipment (including intangibles), $115,-
543,626
receivable......—....
stock
■
National Radiator Co.
1,563,415
2,967,152
742,501;
1,795,101
810,882
debits
Miscellaneous
There are out¬
'
2,426,000
2,077,696
1,538,223
2,920,302
deductions, in consolidated re¬
turns, for interest and amortization charges on securities of indirect
parents (in process of reorganization under Chapter X of the Bank¬
ruptcy Act), which deductions may not be available after 1944, and
166,118
76,384
1,435,769
......
____
Audited
and
2649.
1,711,037
2,619,858
taxes
Balance
166,725
.
assets
assets
Long-term
share basis.
The redemption price will become due and payable upon presentation
of preferred stock certificates on Sept. 1, at the office of the redemp¬
tion
agent, Guaranty Trust Co., 140 Broadway., New York, N. Y.
p.
1,905,543
2,848,868
....
3,121,741
which
♦Of
and
4,500,000
4,500,000
.....
current
Traffic
share, for
160,
6,269,699
prop¬
investments, $644,001; special funds, $499,036; cash in banks
and
on
hand, $1,621,110; special deposits, $890; U. S. Government,
obligations (including $500,000 Treasury notes, tax series C), at cost,
$3,000,000; accounts receivable (net), $1,982,227; interest receivable,
$11,609; materials and supplies (including construction materials), at
average cost or less, $1,363,902; prepayments, $345,839; deferred (Jebits,
;
agents and conductors
accounts receivable
Liabilities—
changes 200,000 shares of the stock, which will be
—V.
f:
8,746,822
5,812,303
1,927,463
of
surplus
Dividends paid
2,067,563
from
and
Deferred
San Francisco stock ex¬
redeemed at $11.50
per share, plus all dividends accrued and unpaid to the date fixed for
redemption, unless earlier converted into common stock.
'-■;</ /:•
Holders
of the preferred stock
have the right, to and including
Aug. 11, to convert their preferred' stock into common stock on a
standing
1942
1943
8,974,394
6,214,869
9,263,150
.....
income
Corp.—Earnings-^/,
1944
$20,208,053
2,010,801
V
deposits
Miscellaneous
30,617
Sept. 1 J. R. Millar, President, announced on June 27,
Gas
&
$32,095,097 $30,419,660 $28,584,839
retirement
for
ganization
$20,358,001
—
________
Balances
shares of 6%
cumulative convertible pre¬
value have been called for redemption on
outstanding
Electric
revenues
1943
1944
Temporary cash investments
National Automotive Fibres, Inc.—Calls Pfd. Stock—
the
State
Balance
31
.
Total
of
*14,938
(Reduction
$1,108,099
rentals..
over
Common
All
376,186
*35,684*
income deductions
Total
345,956
$1,446,927
$1,274,757
Cash
'
'
284,985
p.
Other taxes
$55,164
161. p. 2663.
226,509
*204,099
income:
erty, plant and equipment.
$1,454,055
$1,765,720
318,795
$948,466
income.
gross
Unadjusted
—V.
*256,902
*797,604
2450.
Provision
27,256
Income
8
taxes on income.
2,875,659
Maintenance
$1,426,799
30,405
Interest
$85,789
——
for Federal and State
3,166,694
Operating expenses
....
Electricity and gas purch. for resale
1,020,834
401,399
Total
30,811
——i
income—
Gross
Provision
20,316
3,819,973
Operating
$2,849,032
3,446,968
952,401
Material
Deductions
26,986
3,362,803
York
Service
$54,978
—L—-
income..—.—..—
9,493
railway....
oper.
Gross
$5,595,370
Investments
........
*59,462
income.
Years Ended Dec. 31—
1941
opers..
operating
Ry.
2,094,095
—
operating revenue—
50,378
110,732
Operating income
income (net)
& jt. facil. rents
rev,
Special
Net
1942
$646,864
92,994
2,764,840
Other income
$2,149,073
—.
1943
$680,343
108,500
railway.....*.
from
$5,613,872
Taxes
Equip.
Ended March 31, 1945
—_
1944
$875,121
Other
5,006,368
,;
$771,952
railway
from
ry.
1944, an
- Y
/
3942
Terminal
.
1945
oper.
♦Net
;■'v
——
Boston
railway......
♦Deficit.—V. 161,
June
the
1943
7,206,840
expenses—
Assets—
Statement of Income, 9 Months
and
Colony
accrued and unpaid real estate
and Providence properties; also ac¬
however,
'
of Carbbean.
Operating
revenue
Total operation expenses
structure but excluding rents under rejected
includes,
unpaid charges against said properties for Boston
p. 2450.
from
Net
On
outstanding stock
income
Old
Net
each
$12^802,210 $14,521,232 $11,851,397
revenues..
oper,
Total
6,925,741
ry.
RR.—Earnings—
1944
.
5,087,114
on
16, 1945, was ,61,corresponding - week last
' i-
ended
under
year.—V. 161, p. 2789.
common
1,948,941
____________
Net
10,379,063
fxd.
From Jan. 1—
reports that the number of kilowatt hours available
territory for the-week ended June 23,' 1945, as 62,363,805 kwh.,
159,418 kwh.,
Stock—
1945—5 Mos—1944
$16,245,873 $74,327,588 $75,861,961
1,139,978
after
the present capital
Net
Association
its
1945—Month—1944
12,022,202
from
Week Ended June 23.—
for
.
Year to Date
and
May
8,010,066
10,122,640
and
each
for
pages
2,652,244
Net
share.
share
one
.
connection
stock
common
of
Service
4,300
2,957,704
Gross
compared with 62,073,485 kwh. for the week ended June 24,
increase of 0.47%.
■,.Y>',.'
stock (par $1) upon official notice of
with the acquisition of outstanding shares of
Caribbean Atlantic Airlines, Inc., a corporation
Puerto Rico, making the total shares of common
of
shares
in
Associates—$16.50
15/100
share,
lVa shares
of
2,143,149
income
Gross
common
the listing of 20,850
Exchange has authorized
Stock
York
New
each
for
share
one
its record
New York Ontario & Western Ry.—Earnings-
and
as
'
additional
issuance
and
Public
for
Output Increased 0.47%
The
...
Utilities
Island
and
Properties—$36
two shares
and
for
May—
Associates—$8
Light
that
reorganization purposes and has
Company taxes and bond interest,—V. 161,
preferred share and 3% shares for each class A share.
New England
Power Association—5 4/10 shares for each 6% pre¬
ferred share; 1 8/10 'shares for each $2 dividend preferred share, and
65/100 of a share for each common share.■/•-■;</. y/ "•
••.;>/''
Burgess,
National Airlines, Inc.—Listing of Common
and
Lighting
Massachusetts
Y.—New Official-
.
Boston
preferred share,
Jr., formerly Assistant Auditor of American Bosch
Corp., has joined The Mutual Life Insurance Co. of New York as
Administrative
Assistant in
the Comptroller's Department,
it was
announced on June 22 by J.
McCall Hughes, Comptroller.—V. -161,
Thomas
Power
sufficient for any
avail, for fxd. chgs.
taxes
issued
bonds
previously had held
is
1,780,935
crued
funded debt
of
sale
$2
preferred share,
V;Y;,YY'•'
Mutual Life Insurance Co. of N.
each
North
&
v-'; v
1545.
p,
have
company
Lackawanna
Delaware,
into
the
outstanding
11/10 shares
preferred share; 3/100 of a share for each $2 second
preferred share; 1/100 of a share for each common share.
Approved—
approved the plan for
Western RR. Out of 300,000
shares
of
Morris
&
Essex
capital stock
outstanding 251,006 were
represented in person or by proxy.
Of this amount 249,697 shares
representing 83.2%
of the total outstanding were voted in favor of
the merger agreement, while 1,309 were voted against. Only two-thirds
of the outstanding stock had been required to approve the merger.—
the
of
stockholders
The
merger
of
re¬
$15,180,311
♦On
the following ratios:
companies in
Morris & Essex RR.—Merger
of
proceeds
$59,750,000
Haven,
income...,
oper.
charges
July 17.
would be used
by five hold¬
ing companies and the balance would be
allocated.
The common
Shares, together with cash payments in certain cases, will be issued
in exchange to the public holders of shares of the present holding '
the
retire
New
revenue..^!
oper.
leases.
Hearings on the amended plan will be held before the SEC
Under
exhibits
ry.
Inc.
amended
the
in
heax-ing is necessary to bring
petitions for further hearings.
Net
company
additional
an
Period End. May 31—
.
Total
to
.
18,938,225
5,589,715
2,943,418
30,428,620
7,860,873
2,512,025
32,296,622
9,732,570
3,280,461
railway..^
railway——.
from
*565,003
.
plan proposes the replacement of the existing holding
companies with a single holding company.
The surviving holding
company
would have a simple capital structure consisting of $85,000,000 of funded debt and 6,695,075 shares ($20 par) common stock.
1942.
$4,026,428
1,033,625
,,
:
its
bring
SEC,
stockholder
common
record.
Earnings
simplification plan into line with views expressed by
on June 21 filed an amendment designed to elim¬
inate what the Commission termed "repugnant" features of the plan.
To
the
The
'-v
3,240,407
12,327,907
Net ry. oper. income...
3,240,495
♦Deficit.—V. 161, p. 2789.
Net
WithSEC—■
director and
a
1943
$4,661,127
41,892
1944
$7,186,015
2,206,633
461,160
2,720,743
—
From Jan. 1—
Gross
as
and Year to Date
1945
$7,935,978
■
railway....
from
Net
has served
He
company.
Earnings for May
i''
-
the
executive committee since Oct. 27, 1936.—V. 161, p. 2789.
>
Gross
of
Association—Files Amended Plan
<"
" Y
"
New England Power
,
the
Commission
denied
Chairman,
its
in
and 300
a
that
contention
a
all facts
is reported
Following
.
Pennsylvania,
iterated
<
at <102,362,000 cu, ft.,a
decrease
of 3,186,000. cu.
ft., or 3.02% below production of 105,548,000 cu.- ft. in the corresponding week a year ago.—V. 161, p. 2789,
output
Gas
Chairman of Board—
.
production
yepr ago. \ • *;
unpaid dividends have accumulated,
of
13
THE COMMERCIAL & FINANCIAL CHRONICLE
14
Life
Insurance
Co.
under
United• States-
group plan at the company's sole expense.*
Noyes company, with the approval of the U. S. Treasury De¬
and other interested branches of the Federal Government,
The
a
income
related
to
foreign
partment
income
tax, $867,692
(not including estimated
taxes
charges and credits, charged to earned surplus);
$363,258, and foreign excess profits tax $28,869.
surplus
tax
Monday, July 2, 1945
ment
will be made-out of sinking fund monies at the
Fidelity-Phtla*
delphia Trust Co., successor trustee, 135 So. Broad St.> Philadelphia,
'k Pa.—V. 161, p. 12. - ■' .■ ;
:
'
'
,.>
.
.
has
to apply one-half
stock dividends not
agreed
common
maintenance
stock
this
of
fund,
all earnings
of
-15%' of
exceeding
subject
the
of
only
payroll,
the
the payment
to
before
to the
company,
Consolidated Balance
Cash
dividends, operating expenses and taxes.
U,
plan will apply to the 200 office employees and personnel of the
main and branch offices, including5,brokers and salesmen.
The
*
;
the
the
for
Trust
benefit
the
of
plete control over the securities.
who
members
the
New Officials
A.
George
have
•
Assistant
The
Robert
Hammer,
Prepaid
and
Beqretary
and
Assistant
and-
Margaret
Treasurer.
f
expense.
The balance sheet as of April 30,
approximately $500,000 and surplus of
<
•
„
showed
1945
97,801
510,000
33,488,263
-1,706,257
—
3,111,519
11,943,740
S.
and
notes
V.
Government
Liabilities
due
items
from
Bonds,
exclusive,
or
of
owners
of
total
a
capital
demand
on
something
stock
and
and
account
272,528
2,542,446
other
taxes
1,670,204
2,224,414
——
in
2,946,801
791,666
from
payments
income
U.
Govt,
S.
sundry deferred
for ^depreciation
Miscellaneous
Interest
of
2,149,992
17,429,522
-
Consolidated earned
Bal.
2,673,787
9,966,305
15,122,123
15,099,932
10,004,165
set" not
held
C,
$162,000,
and City
shown
for
which
Included " approximately
$61,500 for
taxes accrued but not payable with ;am~vOffof $40,000 U. S. Treasury Notes, Series
22,182,390
$88,965,360
100,074,802
,
relating directly to certain Govt, contracts
_
payment
of
Federal
Taxes;" contribution
to
the
"deducting
"■After
and
Trustee
$160,498, in
1944
asset
an
as
and
the, Employees'
Profit Sharing Retirement Plan of approxi¬
mately. $39,000; .commissions due'employees when collected, approxi¬
mately
$46,000
and
general
creditors'
expense
of
approximately
$49,000. and
preferred stock dividend of approximately $6,40Q , due
and
1st;
paid, May
further
This
stock
ferred
The
to
28,694
reduced
against
stock
preferred
with
shares
the
original
the
of
total
a
valuation
of
The
i.
>
of
with
Atlas
stock
in
1926.
Common "stock outstanding is 13,593 shares.
80%. of the common stock of the company is held by
to a mutualization plan effected by Mr. Noyes
in 1938.
During the year the company declared and paid preferred
stock
dividends
amounting
to
$26,532
and
common
stock
divi¬
dends at the rate of $5 per share, amounting to $68,350—V. 159, p. 12.
of
Corp.
purchase
of
reserve
1944
in
(
$1,241,769- in
of .reserves for
exercise
making
of
the
applied for 8,573,044-shares.—V.-161.
"'.'../nvvt
7
subscription. warrants
total :amount
capital
of
and
tne
par
stated
a
*
V,
,
1945
1944
1943
$2,926,297
1,109,446
$2,764,314
$2,759,476
1,087,677
1,059,097
564,001
544,938
551,172
Crl0,468
—
—
7
1942;
367,762
221,586
$1,308,875
$1,478,792
552,655
Cr28,144
552,687
-
538,781
106.521
,
,
21,770
■
divs._
2664. '•.
p.
The
would
would
is
v
be
the
to
cash
fourth
of
onmccount
would
be
Hearings will be
V. 161, p. 1776.
"
addition
under,
and
securities
amended
the
made
held
out
June
its. unsecured
of
current
before
30
claim
liquid
Judge
bond-
reorganization plan,
consideration by the court.
also asked authority to pay $1,218.75
company
Payment
t
In
receive
under
now
Valley Transit Co.
the
to
for
assets
William
:
i
-
Lehigh
$65,000.
of
t-
j
$414,224,
Kirkpatrick.—
' a?:
'
.
,br
of .capital/stock'
NOTE—-For
mechanical reasone it is not always
to arrange
companies in exact alphabetical
However,- they are always as near alphabetical
position as possible.
*
*
.
\
;
■-
2790.
p.
to
stock
common
.$1,158,015. $1,271,913
avail, for
holders
.
the
account
to capital account,
1,245,751
taxes—.
charges
161,
which
Exchange
the
and
new
consisting
share.
per
isurplus
account
of. the
15,000
$2,967,767
local
Payment
:i
amorti¬
additional
warrants,
$600,000,
to
of
company has petitioned the U. S." District Court in .Philadel¬
phia for permission to distribute $197,025 among holders of $2,627,000
outstanding .first mortgage 5% gold bonds at the rate of $75 on each
$1,000 of principal.
has authorized the listing of.' dr
shares of capital'stock (par $2.50),
issuance pursuant to the underwriting agreement
Stock
4,586,522
official notice
on
of
$2,400,000-pre¬
York
New
maximum
share,
$10
on
J;
consisting
The
Listing of Additional-Capital
been-
has
company
declared
capitalization, of
accounts jof. $60,514
deduction
1944 and $3,523,192 in 1943
Wider
$430,410.
doubtful
t After
1943.-J After "deduction
of $3,578,730 in
zation
for
reserve
1943.
$1,165,968-in
purpose
Philadelphia & Western Ry.—To Make Distribution—
10,803,083
11,943,740
—V.
•
approximately
Federal, State
shares
that
per
Other deductions
470,402
4,004,385
:
Total
to
of
for
$375,000,
paid-in
of. the
v"--
610,873
>
amounted
of. four
(incl, maint.)
&
Interest
279,358
:
262,389
9,966,305
surplus
Bals.
from!
Net .earnings
.
15,008,179
752,587
427,684
surplus
value
par
held
:
$25, per
earned surplus
revenues
; Federal
reserves
capital
a
be
holders
1,933,628
3,887,325
(par $5)———
Consolidated
$10
Operation
f
against
credits—
minority stockholders 4m subs.—
Capital stock
,
of
Gross
;
and
with
$179,876
12 Mos. End. May 31—;
connection
current expenditures
shares
of
the
to
Philadelphia Suburban Water Co.—Earnings—
,
.
549,393
.
payable
etc.,
consideration
share for each old share of .common .having
value of $25 per share.—V. 161, p. 919.
-
foreign capithl stock,
contracts--—
for
value
and $124 from
Exchange
value
2,123,089
—_—
offer
stated
a
Transfer
,(3)
$9,598,544 $11,342,921
T
"1 Reserve for engine overhaul-—
Reserve for uninsured losses—,—-.—,————
in
$400,000.
over
surplus,
60,000
(2)
t.
$88,965,360 100,074,802
—-—L-—
balances,
Reserve
;.
i
—
domestic and
Govt,
Deferred
Assets
$64,000
of
with
4-for^l
—
Proposed—
will
company
shares
2,792.789
22,182,390
"
in
,
'
k
2,737,689
"
common
stock at a special meeting to
Aug. 8, 1945, the following proposal:
(lj Increase the common stock from
2,768,121
—
T
liabilities
Advance
$818,000 with furniture and fixtures marked
down from approximately $129,000 to approximately $22,000.
Current
assets included approximately $201,000 in cash," approximately $137,000
,
This
30,770,815
3,684,248
charges—
1945,
or
Philadelphia Suburban Transportation Co.
975,695
etc,
col,,
this company and its subsidiaries for the
amounted to 128,974,000 kwh., an Increase
3.2%, over the corresponding week of 1944.—
23,
Stock Split-Up
—
1,110,950
companies
t
payable
for
with
f
aggregated approximately
.
associated
associated companies
Traffic
stpck of
capital
approximately $154,000.
of
deferred
income, and
r
«•
«
•.
to
Reserve
profit
into
charged
stocks
June
5,509,729
-
.
Accrued
;
transferred to" surplus' account.' While .the
statement showed $65,000 paid to the government in taxes, yet nearly
$20,000 additional was paid for Social Security and
miscellaneous
taxes
Due
•
....
approximately $39,000, leaving net profit before taxes of some¬
thing in excess of $140,000., Direct Federal" and excess profit taxes
"and State" franchise
tax ■ took approximately" $65,000 of the'income,
$75,000. net
and
Accounts
was
leaving
2,238,978
391,167
,
v
statement, indicates profits for the
year
ended
approximately $190,000. Deductions for bad debts,
depreciation and sundries reduced the amount to approximately $179,000.
Contribution, to the Employees' Profit Sharing" Retirement Plan
,
.
Liabilities—
of
1945
30,
1,979,895
6,133,459
———
supplies
ended
| of 3,943,000 kwh.,
V. 161, p. 2791.
(
financial
April
,
in
week
13,357,728
—
Total
Jacob- Zinovoy
Fleischmann- an
A.
etc.
tCharges related to contracts————
Bals. relating directly to certain gov. contracts
$190,000 Last Year—<
Murdock
D.
.
Presidents
Vice
elected
been
Elected—Earned
oil,
The electric output for
r
10,629,300
Airports, buildings and. equipment—
tBalances receiv. not being currently
$2,40Q,000 at 6% to $430,000 at 6%, now outstanding.
Dividends On
this
preferred stock is now down to $26,000 a year as compared
with $144,000 a year in 1926 when the corporation was organized.
"
-
and
investments
Investments
Noyes pointed out that, since the mutualization of the company,
preferred stock has been reduced from the original figure pf
$7,045,199
14,69~8~263
—-
Cash- and securities held by others under equip¬
ment. purchase contracts
com-'
Mr.
-
$9,176,165
—j__j.<_
Philadelphia Electric Co.—Weekly Output—
1943 "
securities^,--—
receivable
materials, and
Sundry
'
:
-
■
exercise
will
Gov.
Other
Falconer
of
■
hand
on
S-
1944
Accounts
Gasoline
plan will "be administered by a committee consisting of William
(President),
Col. M, S. Keene- (Treasurer) and Mrs.
Ethel M, Haas, who is acting as a participating employee'member.
The trustee Is the Chase National Bank which will hold, all the assets
-■The
B.
31
Assets—
preferred
of
Sheet, Dec.
Approximately
possible
employees-' according
order.
Peabody Coal Co.
;
Years Ended
:
Net
.
Cost
Ogdeii Corp.—Scrip Certificates Void July 14, 1948-—
Holders
of
corporation
certificates
scrip
present
for
shares
of
certificates
their
stock
common
Profit
this
of
of
stock
common
At the
In
represented
rate of $2.75
accordance
per
by
share.
in
January,
be
entitled
•
.
%
r
,
;
.
Oklahoma
Excess
From Jan. 1—
Gross
from
Net
from
Net
ry.
—V.
railway.—
161,
.1 54,086
16,682
.
32,720
•:
666,147
369,541
575,146
298,291
92,850
147,566
107,374
Paper Company— ^
;
;
compares
with
$20,600,000
and
the
for
construction
total
1943
of
however,
revenues,
ported in 1943.
;
Reported
net
to
terminating- in
to
$6,900,000
$45,500,000
June,
in
1944.
from
the
-
•
Reported net income
1943.
abroad,
$45,000,000
increased
was
income,
$1,619,309
as
however,
compared
does
not
dropped
from
Non-military
$39,400,000 re¬
; ;
with
compensation
earned during
the year for - the carriage pf mails from the United
States to Africa and to and from Alaska.
Mail rates for these services
liave not yet been fixed
following-resumption of commercial
;;
:
■
_
■
-
j.
Consolidated Income Statement lor Calendar Years
1944
Operating
revenues
i",
v,
for
♦*1,836,770
3,880,727
*1,716,918
3,881,271
income.—1,030,453
752,678
from oper, other than
Non-opera.ting
transp.
1942
the
:
income
u
Maintenance: and repairs—•—
Amort,
\
.
:
292,613
commercial
8,549,834
2,831,588
services-
operating expenses.—
Exp. of service to Belgian Congo,
deferred- (est.
for (Uninsured
6,033
losses
31,444,497.
Minority int. in net income of subs.
the
to
and
plan
put it
is
underwriters.
of
contributory,
the
Aetna—had
and
effect..—V.
161,
The
F.
,ments.—,V.
construction
following
.
756,534
743,685
168,040
294,415 f
151,316
ings and equipment
Provision for taxes on income—_ tt.1,199,820.
161,
—
$1,789,132
________
KConsolidated net income.——
$1,619,309, .' $1,929,764
Dividends; paid——.. 1,993,258
1,993,258
Earnmgs per share..—....
$0.81
$0.97
-
received
and
receivable, $40,374,856; less
938 (not
costs
§2,051,341
$3 780 016
1,'937!352
•
$1,95
of $38 657
100,844
13,123,121
14,918 087
14, 448,329
Preferred
Dividend
258 544
36>407.
148,529
88,701
242, 589
408,138
\
88,701
renegot.
gov't
13, 679
6,5~6_o"oOO 1 5,800'000
tax
for
7,472, 341
,211*2X7
7,792,565
6,650,664
6,930,934
866,633
633,231
4,496,465
844,009
4,496,415
831,235
stock
4,259,651
4,469,928
outstdg.^.--
999,235
999,235
999,207
894.026
com.
share____
per
officers
♦To
inc.
6,803,625
on
Earnings
Originates
and
at
stockholders
$5.94
employees,
meeting
of
in
$165,000
ing
pays
'
n
..
credit)
credit)
in
$6.12 V
in
1944,
1943
with
draw
to
p.
572, '
special-plans;
up
have
$3,338,091
$2,521,500
and
;
:
deposits in bank and cash on hand—
.Accounts receivable (less reserve)
leaf
tobacco,
'
v.';
Period Ended May 31—
;
oper.
Operating
Net
after
Earned
revenue—
Advances
69,948,087
205,750
218,750
.—1'——w-——
998,868
profit—^——•
taxes
per
.
in
I
Rev.
^
:
miles^
-1"
v-
- '
262,081
$0.55
"1 / Y'
8
-r
,
.
i
7.3
3,694,061
15.5
,16.9
94,01%
89.08%
*•
">
16.9
,
-
18.1 :
.
50,000
'
124,2QI
3,346,910
j.
50,000
for
...
6,551,836
payable
w—•
post-war and other contingencies^
for Federal taxes
for
sundry
on
taxes,
additional,
250,000
,6,992,316
1,943,904
1,855,075
11,700,000
.
income———
V
1,644,626
11,900,000
com-
.
3% 'debentures-1——
•Earned
*
in
—
.
surplus ________-———X-
Total
'
-u
19,519,500
16,043,940
8,336,330
15,739,646
20,698,854
19,764,995
—$106,908,033 $90,400,858
1
Less allowance for
1944.—V,
j
.
$5,000,000
2,598,715
2,448.083
161, p.
depreciation of $2,606,607 in. 1945 and $2,161,885
2452.
;
-
including $45,002,835 under construction contracts).tAmounts
and receivable, $23,534,294; less - costs
of $22,532 334
• ^in¬
cludes United States
income
tax,. $970,455 (not including'estimated
taxes related to surplus charges and
credits, charged to earned surplus); United States declared value excess profits tax,
$1,500; foreign
income tax, $754,942, and foreign excess
profits tax, $62,235.
Hncludes
United States income tax, $1,648,193;
foreign income tax, $383,149 arid
foreign eXcess profits tax, $19,999.
^Including $768,465 in 1944 and
$1,042,219 in 1943 and $834,336 net income of
foreign subsidiaries
Net Working
-
Capital, May 31
•♦Amounts received and receivable,
$39,728,711; less costs of $37,891,943
(not including $6,874,995 under construction
contracts); ttlncludej
,
"
Pittsburg
1945
Cash
and
Government
securities
Total
current
assets
: Total
current
liabilities
L_
—
I
Net
working capital
tDeficit.-—V. 161, p, 2791,
".2.
—
$1,942,601
4,177,036
'
1^—.:
1944
$2,837,077
-
—1__
3,481,351
899,476
2,581,875
Net
-
'
,
have been called
l?t mortgage 5l/a%
redemption on Aug. 1," next, $272,000 of
gold bonds due 1972; at 105 Va and interest.
Payfor
1943
1942
$129,947
$111,718
27,723
16/768
38,590
22,296
44,559
34,340
645,039
168,514
122,517
railway—$127,290
33,644
oper. income—
26,076
from
Net ry,
1944
$135,943
'573,867
479,803
185.959
178,983
110,531
149,538
1945
May—
railway,-
— -—
From Jan. 1—
Gross
Philadelphia Electric Power Co.—Partial Redemption
There
Shawmut RR.—Earnings-
&
Gross from
1,696,739 '
2,480,297
.
515,100
'
i $16,000,000
——-—.a
'Cumulative preferred stock (par $100)—-——
19,984,700'
ommon
stock (par $10)i,-_"—.l/v—' .8,336,350-
24,482,986
.
.
'
.
..pensation, storage, etc..
1,446,014
57,147,632
89.42%
•
_
payable
Capital surplus
365,241
^
-
'
7O~80O
—$106,908,033 $90,400,858
~-—,rr
:
payable, (banks)
Twenty-year
t?$l
6,627,771
98.27%
plane—
>
•
752,100
equipment—* '4,879,094
Liabilities—
>
'Provision
t$0.C
■
856,165
Aver, number passengers
'
10,800
taxr-i.'rLrW^.-
profits
and
machinery
-Dividends declared and
•
17.7
-
excess
235,965
'
1,000
«
Total r—--——:
,
8,%24
miles—14,507,540
passenger
.Flight operating factor^. \
per
" "•
20
i-
Goodwill, trademarks and brands, at. cost_>_—_
Notes
448,640
-
55,900
$0.12
$0.21
*
planes
.
plane
75,717
235,965
230,399
♦Buildings,
Provision
173,739
697,827
-.343,750
Land
: Reserves
100,689
share
fleet—
-Revenue
-
•
1,450,609
660,629
to
supplier
Investment in" wholly owned English subsidiary
;''>'
'1945—Month—1944
1945—5 MoSt^—T944
$908,085
$463,086-" $3,773,101
$1,754M62
.•
%
vacancies:
"*
■,
,
206,125
1940
Post-war credit of
the
1944
;
11.016,978
Prepaid expenses and deferred charges to oper.
,,
'=..1'-.v.>:
$2,454,879
demption of 20-year 3% debentures—
—
Notes receivable from supplier (due after Mar,
31,
excess
wholly
87,280,431
Other.; investments
fill
for
by trustee for re-
Marketable securities
in
They will continue as
deducting
1942
10,062,768
•
etc.
tobacco,
w
of
$1,321,103
cigarettes, smoking
in. sinking fund held
"Inventories of
/Cash
Inv; in-inactive domestic
to
chosen
been
(after
in
2'x,/2.-"-1245
v
Demand
;;
departments!
$8.p0
.
authorization
1937. /Includes $2,205,009 (after
in 1945, $1,480,000 (after deduct¬
Comparative Balance Shectr March 31
.
Assets—
Substantial
a *
post-war
post-war
$5.81
accordance
July 20,
profits
tax.
tlncludes
wholly owned subsidiary,' §Excludes
owned subsidiary.
HUnder company retirement plan.
1
company
376,327
152,002
>
year
dividends^
Com. shares
"
received
103,152
58,900 '
income
$370,000
p. -2664.
Aver, .number-of
Cr525,617
'Net
■
,
Third Vice-President; George E. Mack, Treasure/,
Brown, head of the real estate and construction depart-
Financial Statistics—
Total
474,793
1,095,049
79,801
67,303
comp._
year
for Fed,
tProv.
\Pennsylvania: Central Airlines Corp.—Operating and
,
Cr414,277
280,155
on
prior
.' Accounts
.
102,354
81,723
14,303,499
449,171
paid
add'l
14,254,959
92,525
102,209
Other deductionsd."
1:
;
W. Binzen",
John
and
and
10,903,919
„
165,331
—
d-d-1—
profit
adjust,
of
these
children
into
estate
real
Frederick
559,661
29,552,826
12,419,559
"14,735,134
contracts
Company on June 23 announced the retirement of John I, H. Herbert, Treasurer and Third Vice-President? and Earl A. 'Ross, head of
880,523
725,330
.26,099,229
Nonrrecurring net gain from build¬
♦Amourit
Net
charges,
'
——
Sundry > taxes and charges——
28,792
801,388
.i——
—T—
Other
Prov.
deferred
o^ contract and devel. costs
relating to
Rents
;
-
7,197,744
2,939,166
12,507,038
12,974,095
received
for
•Prov.
(J. C.) Penney Co.—Executives Retire—
!
9,398,697
12,079,755
JPrior service contrib
and
''V:.
f • -1
■
..
Interest
inven¬
plant
•
$48,358,276 $41,901,036 -$49,401,329
_
and
expenses
•>*y.y-
'
3,149,506
Depreciation
prepaid
Total
Govt, securi-
S.
;
gives
87,406,322
.
.directors.
Total
U.
reserve),. $2,964,560;
vanguard of post-war economic
plan
Ai
J
il2,565,2Qt
14,035,959
oper."
income —!
Other
y
$193,81111 property,
Penn Mutual Life Insurance Co.
wives
the
order
2,641,043
.
hand, $3,891,730;
receivables .(less
212.
companies-—Traveler
$1,001,960
-
on
V V. '
-
1,016,033
The,average cost to ,the. agen.t, bgsei on the average
of his earnings-, will be $5.1£f,!per month. . The program is so. new that one of the two underwriting insurance
-
-
contracts with U. S. Govt
Rev,
1,016,033
inveestments, *etc.,«
i6i, p.
Mutual
While
$41,6;o,325 $35,550,168 $45,465,713
Transport and sundry service under
;1,016,033
-
part of the cost.
•'
,
1943
$1,910,597
forces, the new
protections in enlarged form' and now
makes % available
four, new
additional
insurance, coverages-^-accident
and health coverage, .hospital and surgical benefits,
and a broader
group life insurance plan.
Hospitalization coverage also, is available
service.
■
the
Penn
mail revenue included in reported net income is based
tentatively proposed by the Civil Aeronautics Board in'.a
pending proceeding. Pan American is contesting the adequacy of'these
rates.
; $1,952,304
Net profit from
retirement .income and, group insurance, for their field
\
rates
proposed
*55~7$8
and social Innovations is the
complete over-all; protection 'plan-ffirfet of its' kind in the countryannounced by this company to cover the 1,000 men, and women of its
."field fofce.'
This nine-point p fan* will be inaugurated July 15.
• ^While many companies in the. past ..haye provided some form of
Latin-American
on
in banks and
total, $34,724,111.
(The)
In
$1,929,764 in
include
13,142
//A.. '
J
.
141,046.615
113,891,923
and
gen.
admin, expenses
New Over-All Security Plan for Agents—
$27,-
300,000, respectively, for the last two pre-war. years of 1939 and 1940
and with the record $126,000,000 reported for 1943.
Military contract
services
Cr38,454
$1,382,834
(net),-$22,305,587;
f
j.
*
! deducting $245,000 post-war credit)
1
.
figure
Shipping,, sell.,
V'. 40,000
■"
1944, the third year of war-time flying, gross business amounted
to $93,000,000, Juan T, Trippe, President, reported in the
corporation's
This
.
,
■
$1942* ;
' §1943
Cr290,345
unadjusted
etc.),\ $2,770,539;
accrued expenses
(payroll, interest, local
taxes, etc.), $1,352,241; Federal taxes on income, $1,224,737; "portion
of long-term indebtedness payable within one year, $2,785,000; longterm;indebtedness, $3,570,000; minority interest in subsidiary (Black
Mountain -Corporation),
$1,079,472;
6%
cumulative preferred stock
(par $100), $13,547,100; class A common stock, 6%
non-cumulative
(par $1,000), $119,025; class B common stock (parr $5), "$3,084,090;
paid-in surplus, $2,961,108;. earned surplus, $2,230,800;
total, $34,-
f
For
report.
24,950
-
560,000
-
620,869
;
21,916
cost,-$3,318,600;
724,iil—v.
annual
•. §1944 ;
—185,299,150 177,901,263
sales———J 159,183,437 152,420,130
of
Cost
J,
-Comparative Ineome Account for Years Ended March 31
•
Net sales
474,899
Liabilities—Accounts, payable (incl. compensation awards,
.
j''.-
161, p. 2004.
Pan American Airways Corp.—Annual Report—
17th
-
§1945
claims,
i
?
Co. above.—V.
at
equipment
.;
Maine Seaboard Paper
•
V Consolidated Balance Sheet, April 30, 1945
>
$271,569:
108,046
•
483,829
net profit^v
tories,1 $1,778,254;
229,622
2451.
p.
ties,
431,865
Oxford Paper Co.—Bids for
See
46,496
*
245,590
636,779
preferred- stock___-r_.
;> Divs. on 6%
$95,897
269,592
income
$3,041,254
rhilip Morris & Co., Ltd.- -Annual Report—
-
.
} Dividends
i
573,290
.
386,039
$2,486,905- $3,147,200
operations—
Consolidated
,>
railway——.
oper.
.43,887
'■
408,017
,—;
Assets—Cash
1942.
$94,568
,
89.084
21,684
.
•
434,144
profit tax^__—
?
1943
$148,947
59,457
income—
oper.
ry.
1944
$119,385
railway—,—:
Net. from
Net
railway
$2,655,216
Applic.- to minority interest——-—.
City«• Ada*Atoka Ry—Earnings—
1945
from
36,838,216
$2,739,182
benefit applicable to loss
Tax
any
May—
Gross
40,303,568
$2,052,760
coal
Normal tax and surtax——
,
the terms
with
to
.
41,806,561
•—
,
Profit -from
Deductions
1942,
of such scrip certificates, holders will
of such proceeds on and after July 14, 1948,
when such proceeds remaining unclaimed shall be held by the corpora¬
tion as a part of its general funds, free of any claim of those pre¬
viously entitled thereto.—V. 161, p. "2113,
;
:
>
not
sales of
on
"
1945
■
1944 *■'<>": 1943
$43,859,322. $43,042,750 $39,493,432
,
expenses—^
,
certificates
such
7
i
,
Other operating revenue___—
to the. Harris Trust &
Savings Bank, Chicago, 111., at any time before July 14, 1948/ and
receive their pro- rata share of the proceeds of the sale of -the shares
may
and
(& Subs;) —Earnings—^
Aprif30—
of coal-
sales
Net
from
from
Netr y.
railway
>
593,751
.railway,—140,407
income
104,790
oper.
>~V. 161,
p.
2452.
-
"
.
.
tVolume1162
'
Income
.Account for Calendar
oper
Railway
oper,
Net
,
7,078,970
rS-'
income
■'*
Railway, oper.,
41,231,534
5,818,005V
630,504
Equip, rents, net (CDJoint fac. 'rents, net (CD
Net ry.
$5,216,975
income_//*/
435,878
tz/i-//'■
$5,873,225 ','$7,378,279
374,255 \ - 330,440
$5,652,853
1,111,407
$6,247,480 ,$7,708,719
1,841,988
2,248,876
$7,962,026
1,736,760
$4,541,446
53,145
$4,405,492
$5,459,843
$6,225,266
77,563
deducv from inc,
Mificel.
available for
charges'-'—:—'
Income
fixed
Fixed charges —_il
1.
.
471,012
93,394
44,587
Thb
•
shares,
13,500
balance,
not
business
the
of
Prophet,
and
;
an
industrial .plants in-various parts of the United States. The Stated
which it operates and In wnicn it' is, duly authorized to transact
are: California, Georgia,- Indiana, Iowa, Maryland, Michigan,'
Minnesota,
Missouri,
New Jersey, - New, York,
Ohio,, Pennsylvania,
$5,366,448 $6,147,703
$4,318,250 $4,318,250 $4,750,075 $5,181,900
operated. * +232.07 miles operated. §228.65 miles oper¬
1943 and. 1944, 11% in 1942 and. 12% in 1941, charged
$4,488,301: $4,360,906 -
profit and loss—
■^Dividends-paid —
•
{232.65 miles
*10%
ated.
to
in
moss. /
General Balance Sheet, Dec.
accumulated surplus,
-i"Condensed
•
y
31
V '//'/\1344 V';/.'.
'•/'/•VX'
operates
'.//. '*■'/'
persons.
tracts,
'
assets
Referred
'
':.■■■■:Statement: of Income
y".
*
'/■
4 Wks. End,
'
'
•
r-
—r~
—~
—
-
;;;
1,067,362
■/..
140,929,188 139,304,570
Period—sales
Net
Direct
stockL-— 43,182,500 - 43,182,500
on capital stock
;
■ •
285 ... • v- 285 *
Long term debt... ——~./"■■ 61,550
61,655
Traffic and car-service balances (CD-—
—
782,336
938,122
Audited accounts and wages payable
—
2,357,054
2,661,027 ...
Miscellaneous accounts payable
—-4.-------'
172,802
145,351 •
Interest:matured unpaid
."•• / 25 .ft'/*:r// rt2*j
Dividends matured unpaid
- 35,886
. . . 28,032. Accrued tax liability
8,058,535
9,462,873
Other current liabilities
1,057,896
1,175,706
Deferred
liabilties ———/Z//Z—'—z;—z-r~_-'Z . 205,949
196,29J
Unadjusted credits ———x_———
—
43,727,725 39,950,796 ,/,.
$1,087,7.69
546,271
_
_______
goods sold____r
of
Cost
Liabilities-—
,415,355
expense./
oper.
•-■■■
Jan.,1,*43 to Jan.1,'42 to
Dec. 25/ 43 Dec. 31, '42
$14,879,952 $14,605,472
$7,438,033
> 7,876,281' --7,868,811
4,226,898
5,986,798
5,804,667 \ 2,877,168
Profit and
Total
Ry.
expenses
oper.
*
576,101
accruals—/—
and joint, facil.
tax
*Ry.
Equip,
rents
Net
Total
25,643
$448,357
152,566
136,862
4,376
3,399
$2,082,953
.
542,184
17,939
$401,728
income
I $308,096
$1,522,830
/.
deductions—^/—.
Misc.
charges——
Total fixed
/
income—..—
Net
1943
Gross
railway—
income—
oper.
Net
railway
from
income
oper.
ry.
161,
■"Deficit.—V.
.
_
■
p.
.
total
555,714
614,698
141,157
138,850
71,657
Segregate- Water and
Refunding Program—
-''641,781
42,318
*22,196
62,796
•'
2452.
-
-Re-.
bond held,
..."
$607,594
197,093
141,005
railway-/-—-'
Net from
Net ry. oper,
income
/;!•
—V, 161, p. 2452.
(The) Pittston
,
a
director
v.-161, p. 2791;
of
940,388
/I 696,969
///■.
■
.
j.
1943
1942
/
$537,092
164,611
3,353,119
1,305,868.
782,399
2,359,317
778,941;
625,283
119,312
161,
v "T' "
.
* * '
President- of Empire Trust Co., has. been
and the Cltnchfield Coal Corp.—
total revenue.
\:
"--Ci
-yy-
post-war development activity*
on the gas
in
;
.
.
and the comthe formation
geographical location,"
and
the company.
by
\' '■
the company's activities are:
(2) A program : of industrial; survey
'development opportunities of the
serves,"
•■///■
surveys
/
to disclose the industrial
;/'.
various communities served
's
.
with the
the company's national advertising and
being made for the'communities which the
continued
Mr,
>
personal contacts to
and
and
"is
McLaughlin,
a
company
comprehensive post-war
products analysis through committees representing the best of talent
in production, merchandising
and, marketing.
This project analyzes
all U. S. census production classifications and-reappraises the production and marketing facilities of the area."
.
// '
'
'
.
*
Highlights of the year
are,profusely illustrated In fche
report, Graph!
and growth of electric revenues; number of Clectrio
generated and purchased; and the company's ever
growing tax load.
An illustrated color chart compares the upward
swing of other living costs against the downward cost of electricity.
portray
i
sources
customers;
..
energy
Operating Statistics for
v
No. of
Electric /
:
176,221 1,044,906,023
184,254+1,233,900,630
190,413 1,047,415,947
196,244 1,155,039,299
204,657 1,245,626,405
Calendar Years
Deliv. to
Peak
Customers
Load
797,968,687
+ 982,782,114
788,606,012
886,012,680
1940
959,534,592
1941______..__- 220,132+1,451,017,796+1,139,069,994
1942
A 227,037 1,640,974,456 1,292,628,139
1943X_/__? 234,639 1,801,078,548 1,432,323,561
1944_„_
; 240,786 2,035,228,476
1,634,631,872
1939__
/"Excluding
other utility:
and
excess of $14,-
Carried
.
1,552,291
1,786,478
1,907,289
1,779,850
1,848,683
295,050
2,114,368
2,838,272
299,795
4,843,767
345,300
6,467,355
377,500
7,451,285
262,450
/These figures include unusual sales; to an¬
1937—119,769,149 kwh.; 1941—42,018,359 kwh.
- ' - ;/ ■
transfers.
Comparative Consolidated Income
;/■'■- /
Passeng.
v
205,435
219,240
232,410
233,170
249,310
676,234,514
.
*Bus
KW
KWH
KWH
Generated
Customers
& Purch.
168,996
914,812,124
/:
1935
company '
new
.
-
Light Co.—Annual Report—
Statement/ Years Ended Dec.
■.>
3t
19431
1944
would be placed under trained and experienced
$26,589,539 $24,705,051
Operating - revenues
personnel ^drawn from Public: Service Company in the mam;
Em¬
9,476,929
10,332,881 :
ployee programs,; such' as insurance and retirement plans now In force
i, 8 61,1'73
1,701,004
Maintenance
with Public Serviee Company, would be adopted by the new company.
1,480,357
1,555,057
Depreciation'
> ;"The decision to separate the gas and water utilities is made after
2,164,302
3,638,270
Federal taxes on income__
—
extended; studies; " The ■ electric., and gas mtiiities ate competitive; and
2,716,918
2,945,208
:
Other taxes'
L
—
to develop eadh one to its fullest/advantage they should be separated.
The operation and construction of gas and water utilities have much
$7,005,372
$6,417,119
in common: and they.* Should: be operated together/
The management J..' Net operating revenues____—
15,291
111,668
! Other income deductions <tiet)
bejieves, separation ;is in the public interest.
. /
■
1 ./This, change is
in keeping with policy expressed by the SEC in
$6,990,980
$6,305,451
proceedings under the; Holding Company Act.
The company is not
2,843,837
2,304,517'
'•
Interest and amortizatiori,"________———
at present under any order from the SEC to make a separation, but
during proceedings in 1941 regarding the consolidation which resulted
$4,000,934" $4,146,242
Balance^ before special Federal tax reducs._.
in the formation, of the present Public Service Co.' of Indiana, Inc.,
1,092,000
the staff requested that consideration be given to the ultimate separa¬
■"Special Federal tax reductions—
160,000
1,144,000
tion and disposition of. the gas and water utilities."
+Est. reduct. in Fed. taxes on income
"The
f
&
earnings
industrial
.
''500,000., ,/■
"
Theatres, Inc.—tenders Sought-— / >
•
Gas Properties—Has $81,883,000
exceed 86% of the
Power
"Dovetailing with
'
.'
.
/'a:'!/;'!V:'
•
;.
-
$1,585,040
of Indiana, Inc.—Takes Steps to
Service, and by . the placing of a $6,000,000 mortgage
water utility {properties, which Rave a total value in
this company
2114.
$i;484,848
alphabetical
^
-//(I)- A; national -advertising .program
obtain payroll building industries,
110,809
"Subject to Commission^ approvals,--the gas and-water properties are
to/be sold to a new company to be organized.
This new company,
would be financed by the sale of-its-common capital stock to Public
New
p.
now
Sound
Included
160,000
income taxes,
said Mr. Gal¬
lagher, it .is important to- take advantage of prevailing lower interest
and dividend rates. ;
■ j..
• / '■ -'■
'. ..." /
'. "
"The
program includes-the
first-step in the disposition of the
company's, gas and water -properties," Mr. Gallagher said." "This
would ma^e Public. Service Company a strictly - electric company,
Its
/:
$735,523
317,933
191,289
193687
possible.
as
is/entitled by its resources and
,~4~6~120
the program, the company plans to refund its present $59,first mortgage- bonds and its $14,818,590 of. preferred stock;
prepaying $7,750,000 of serial notes.
It would do this re¬
financing chiefly .by means of a new $48,000,000 mortgage bond issue,
the issuance of $13,000,009 in new notes and the sale of $15,000,000
of new preferred stock.
This move, Mr. Gallagher explained, would
save
Public Service about -$495,000 a year in interest charges on
York-Triist. Co.,- corporate trustee,- 100 Broadway,- New ;
Yprk, • N. Y./ will until -the close-of business on July 25/. 1945, receive
bids for the sale to it of first-mortgage bonds due Nov. 15, 1958, to',
an - amount
sufficient to exhaust the sum of $146,211 now in the '
sinking fund, at prices not exceeding the redemption price thereof, i
Bonds, the tender of which is accepted,-must be surrendered on or be'fore ' July 31/ 1945, "on which date interest thereon will' cease.—. •!
V.
■
/ 160.000
present security rates and before payment of Federal
With operating costs and-taxes continuing to increase,
•
Poli-New Eiigland
.The
...
Under
.,.v
Co.—New Director—
W." Birckhead, 'Vice
Oliver
elected
2,947,451
3,401,909
1,295,364
1,037,181
.
was
electric revenues
railway—/
from
46,544
besides
From Jan. 1—
Gross
"
7,628
314,500
:
1944:
1945 ;
! $648,491
Net from railway.——
! > 228,213
Net ry! eper. income/—'■'
187,684
/
railway—..
from
r-
1945
:
submitted to. the SEC June 27 for its .approval
submitted in part to stockholders of the company.
>
must be
Ry.—Earnings—
Pittsburgh & West Virginia
,
17.862
5,617-
7,206
451,461
75,551
.
to
improve operating conditions and institute economies
to the company and some 325,000 utility customers in 70
counties.- ;•'//;/,'
//V!
' ::
The program
turned" down the first0 of two parts of a re¬
for disposal of the company's properties
than $500,000- /
/ / v;/
The trustees will now petition the U. S. District Court at Pittsburgh
for permission to call a vote on the second part of the proposed plan
which provides for reorganization of the company as an operating
concern.
New common stock would be issued in the amount of 25
May— "/<::■
1944
position
always
not
alphabetical
of plans and blue prints for expanded business and job opportunities
in the post-war period.
Primary consideration is being given to the
conversion of war- production facilities to post-war needs, so that jobs
!/ "will be .provided for present war workers and for returned servicemen.
451,461
The basic objective is that this State achieve the destiny to which it
52,300
58,226
:
the
Indiana
organization plan which called
Gross
27,900
■
is
it
reasons
In commenting on the company's
$586,688 ./
President McLaughlin states:
..
/
/ 66,207
!
"In cooperation with State and regional organizations
85,966
! munities it serves, the company is actively engaged in
-14,087
beneficial
,
for each $1,000 first mortgage
deposits
income,
income,
mechanical
which year there was a special .tax saving
of'$1,092;000 "resulting from'deductions for cost of refinancing incurred
in that year. Eliminating this special tax saving, comparable net earnings for 1943 would have been $4,306,242, or equal to $1.98 per share.
/
filing of petitions with the Public Service. Commission of
Indiana June 22, President Robert A. Gallagher announced a program
With
for a sum of not less
shares
$1,585,040
$503,270
134,98f
Co.
Service
Public
have
creditors
The
.21,327
•
/.-'--^/'A;/-/^-—
——
designed
organization—
20,608
t
surplus .■_Z//_/_i/—
9,003
Terminal Warehouse & Transfer Co.-
Pittsburgh
wages.,
for Fed.
NOTE-—For
equal'to $2.21 per share, in
63,481
23,707-
9,316
*7,824-
486,119
28,712
*37,488
:
railway
from
and war bond
and State.taxes on
and State taxes on
Total' reserves.i—
/—z
Common stock
($i par)—
$122,688
25,969
61,702
4^//_.L//w///—//_.l////_/
Prov. for Fed.
■
v
41,040
$1,484,848
-
Sundry, payable
-
:
112,416
46,328
1942
$121,594
.5,545
-
From Jan. 1—
Net
'
:
of the company for . the year, after all charges' arid
taxes, amounted to $5,144,934, which: is 7V» times annual'dividend requirements on the company's prior preference stoek and, after deduct¬
ing the prior preference dividends, is equal to $2.05 per share of com¬
mon stock.
This compares with "net earnings for 1943 of $5,398,242,
Net
27,807 >,
12,972
117,712
—,
payable—trade
Z^———/*
Salaries, wages and commissions accrued-—//;
Accrued taxes'other than income taxes.—'—
Amounts
withheld from employees for taxe^
and war bond purchases//;—
•
corpora-
kwh„ as
corresponding week last year,'
possible to arrange companies in exact
order.' .However, they are always as near
passengers.!
*45 Dec. 31, 44
'
'
Corp,—Output—-
ing 1944 for number of electric customers, energy delivered-—kwh.;- peak demand—kwh.; annual use per residential and rural customer—kwh., and number of bus
y
$1,225,526/ $1,318,969
-
Total
Earned
1944
—1_
.^_//—____/./i/^/
charges
'
229,204
,
$105,196
$231,090
Jan. 27,
—%
'
:
,
v
Accounts
$2,516,311
$113,254
$96,887
v., -12,028
'■; *395
1
$334,400
608,748
:
Assets—
Deferred
& Service
Company, in its 1944 annual report, made public June 27
by Frank McLaughlin, President, shows operating revenues of $26,589,538, a new high record and an increase
of $1,884,487 over the previous high reported in 1943.
New records also were established by the company dur-
/
$920,338 V; $387,000
52,600
.80,500
$839,838
$187,276
1'——,
Post-war refund of excess profits tax..^.—
Furniture-and equipment (net)——/_
$1,534,183
$1,501,940
$24,176
•
Inventories
Northern RR.-
Net ry.
.
123,037
•
Comparative Balance Sheet
■'/'■■: /•■■':<• '■-.■•'>■' ."/'.//A
and In banks.;
Accounts receivable—trade—
.
$2,230,886
- ■
679,706
: 16,997
;
$684,075-
7/ 496,798
Cash on -hand
Prov.
from railway
from
1
Unclaimed
$529,808
•'/-3'///1945
May—
Z_
profit
the
Puget
$510,037
$1,190,700
270,362
23,827
70,262
•
*
2452. ' /
Pittsburg Shawmut &
Net
>
$94,438
'
taxes
Liabilities—'
$380,771
profits taxes
-V. 161, p.
Gross
-
and
*Inel. Fed. income
', excess
125,017
27,931
;.!!
corporation..
a
as
$2,110,808
120,078
$558,671
Other income
operated
Net profit if
Net
v
$422,714" $1,957,936
■/>; 176,066
'
Cr2,702,891
oper.' Income/; $530,740 '
ry.
$333,971
258,707
.-
t
,,
Cr492,370 Cr2,6lB,794
Cr503,192
—
■
$3,088,259 $13,651,513 $14,532,383
2,427,059 11,862,570 11,621,174
' 730,856
2,447,801 / 3,503,392
$3,063,530
2,459,881
revenues../.
oper.
Ry.
$931,993
'!! $707,903
profit from oper.
Net
140,929,188 139,304,570
Year to Date
- v.- /.//
1945-i-Month—1944
1945—5 Mos.—1944
Period End. May 31—
$1,193,705
485,802
-
for May and
Earnings
•
-
J.
-
—
•
5135,470
41,031
•,
/
Net
38,467,712. 37,769,495 '
jiss, balance ——-
i
Other
3,732,406
2,818,933
surplus
pi'operty through income &
Additions to
176,834
$94,433
;
.-
Gross, income
deductions
.
i
$1,016,871
9,327
Other income
for
compared with- 192,764,000 kwh. for- the
a
decrease of 2.0%.—V. 161, p. 2791,
:
.
$126,142
Operating profit
Engineering;
of the operating companies served by this
week ended June 23, 1945, total
188,986,000
felectric output
tion
Common
Premium
all
company
new
and
gas
arid Straus & Blosser,
'
State
Public
by
be owned
proposed
Cal. Year
1944
Jan. 27/45
'
"
the
to
the laws of the
would
which
of
sell
issued
•
.//-v,':\
•; 1,021,354
stock
would
business
Public Utility
1,450,376
Unadjusted - debits
Total
Detroit^-
Inc.—under
Co.,
Water
capital
Service
stock to he subscribed for at $30 a share, and
after the-incorporation of. the new. corporation, these shares would be
directly'to Public Service.—V. 161, p. 2665.
,
Registrar—The'transfer agent for the stock is,
rif Detroit' and the Registrar:is; 'Detroit Trust' Co./
National- Bank
and
Gas
the
Public
shares of the .capital
j
Agent and
17,898
(B)
water utility property and business and-the property
'appertaining to the manufacture and sale of ice at
Sheridan, Tnd:
The authorized capital stock of the new company
would consist of 300,000 shares (no par) common stock. ' /
' "
To effect Indiana Gas' .organization, Public Service would cause 40
and
J'f
Transfer
6
tn the second application,, company proposed to form a new corpora¬
ofiits
'
;U-V;.
"
Co., Detroit,
1,364,688
__y_zZZ_~-_-.——--t-'-H;--: '
•
&
Hague
Chicago.
19,126
current' assets
Other,
Underwriters—Smith,
560,831
1,562,553'
2,432,243.
92,510
shares."'
outstanding is 160,000
and
57,994
84,029
4
of i Indiana,
-'Service.
is 250,000
12,235,000
13,235,000
Cashinvestments-'——~/T/—
Temporary
•
tion—Indiana
.
Capital Securities—The total authorized capital stock of'the company ;
shares of common stock (par $1). The total amount issued
U
Special deposits
536,885.
Net balance receiv. from agents & conductors t
f 1,810,349
Miscellaneous accounts receivable.—:
2,968,878
Material and supplies
r.-.—-1-—-Z--——
201,714
Interest and dividends receivable-——-—
/.'/
.
Company
1943
cpmpany
C,
Dec.f 1939, employed. 466.. ,•V.
operates its catering and restaurant business under con¬
or-agreements,- with these -industrial'-ergftaizatUtBtt/>'*• i/f.-.V
in
and
■
inve^ments'
' ' '' 211
investments'.-u——- ------/l/^-V 116,952,231 -115,362,583 •*
2,305,913
4,894,242
:
64 industrial estab¬
64 establishments it
144-restaurants, employing an approximate total of 4,000
In Nov.; 1941; company's predeoessor employed -1,287 persons
Company operates caieterias, or, restaurants, in
lishments, loeated in-the above States.- In-these
one,
prepay
Wisconsin.
and
Tennessee
27
June
on
In
With the proceeds company would call for redemption the series B,
D and E .bonds now outstanding in the amount of $59,314,500;,
the $7,750,000 of serial notes outstanding and call for redemp¬
tion-its outstanding 148,185 shares of 5%
($100 par) cumulative 'preferred stock, series A.
;
in
•
,
Kokomo.
.
of
business
to
Net inc. transferred
proposed
submitted two applications to the SEC for
requested the Commission to exempt from
of the Holding Company Act the issuance
j and sale under competitive bidding of $48,000,000 of series F bonds
; due in 1975 at not less than face value; the issuance of $13,000,000 of
promissory notes due serially from Dec, 1, 1945; to Sept. 1, 1955, and
the issuance and sale of: 150,000 shares of the company's $100 par
value cumulative preferred stock, series B.
approval/
provisidns of Section
•?
employees and executives
serving of food to the
the
is
B.
the
is supplied, and which would
separation of operations, inelude
service
electric
only
by
Applications Submitted to SEC for Approval—
Two
Company
individual doing
business since/1924 under /the name of Fred B. Prophet Co.
t .
Company-is engaged in the industrial catering business.- The nature
Fred
of
business
the
to
which
in
affected
be
Haute, Clinton,- Sullivan, Vincennes, Ricknell, Princeton,
Petersburg and Oakland City.
.
.
are
organized in Michigan March. 21, 1944,
Company—Company was
succeeded
,
.
Terre
public by the underwriters.
to the
Cities
.
which only the gas utility is
Lebanon, Linden, Tipton and
>
|
•
'
Cities and towns in
Edinburg, Frankfort,
company;
operated -are:
Williamsport.
.
offered privately to offi¬
cers, .directors; and employees of the corporation and to those closely
associated therewith,
Any-portion of the 13,500, shares not purchased
by^the officers!, directors, or employees is to be purchased and offered
Blosser.
&
$7,491,014
income———
Total
the
:
Co.—Stock Offered—Smith/ Hague
& Co., Detroit, and Straus & JBlosser, Chicago/ recently
offered 100,000 Shares^of vCommon Stock ($1 par) at
$6.25 per share.
:
V':"
///-.
' : '"■/
The 100,000 shares are presently, owned by Fred B. Prophet
and
86/500 shares are being purchased- by Smith, Hague & Co., .and Straus
(Fred B.) Prophet
$2,866,219
4,553,393
71,402
H$537,741 $1,750,619
5,758,892
5,421,770
452,0741.
205,891
.
V
oper.
Other income
i
.
1299.
160, p.
•
$8,227,807 $10,396,580 $8,184,426
8,565,548
8,645,961 .„' 5,318,208
$5,847,436
accruals.,..-—
Ry. tax
+1941
{1942
$30,044,031
26,581,235 .23,748,039 21,859,604
28,470,760
from ry. oper.
rev.
—'V".
$34,318,196 $34,809,042 $34,144,619
revenues
expenses
*
1943, the company
while in
,
distribution was made on July 31 last year, SHf ter utilities'are: Bloomfield, Bourbon, Brownstown, French Lick
paid 15 cents each on Feb. 1 and June 30. (pPSTrfeenwood, .Spencer; Wabash, West Baden and Worthington.
J
In Crawfordsville both gas and water utilities are now operated by
A similar
record June 30i
Report-—
Years
§1943
§1944
Rail-way
1 ** :
:
Erie RR. Co.—Annual
Pittsburgh & Lake
'
15
CHRONICLE
COMMERCIAL & FINANCIAL
THE
Number 4399
-
'
!
.
Portland
invitation, for
Electric Co.—Public
General
$34,000,000 First Mortgage Bonds— ^
Bids for- Purchase of
$34,000,000 ;
be received.-1
the 19th floor, No. 90 Broad Street, New York 4,
ndon, Eastern War Time/on July 9.
The coupon "s
Company is inviting bids for the purchase of an issue of
first
mortgage bonds; series due
1975/ Such bids will
f
by the
company
on
New
York, up.to 12
rate
is
to
be
specified in
the bids,—V.
//.'
161, p, 2791,
Public
42
with
'The
Service
the
directors
common
on
June
stock,
^2 declared
no
par
a
value,
dividend of
payable
Div.—
20 cents per share
July
31
to
holders of
-
towns
in
622
electric service,
which the company now operates
for
Balance
electric,
and water utilities are: Aurora, Clarksville, Claysburg, Franklin,
Jeffersonville, New Albany, Noblesville, Shelbyville and Sheridan.
Cities and towns in which the company now operates both electric
Attica; Bedford, Bloomington, Cicero,
Greensburg, Huntington, Lafayette,
Liberty, Martinsville, .Mitchell, New Castle, North Manchester, Roches¬
ter, Seymour, Ulen and. West Lafayette.
'■•
Cities and towns in which the company operates both electric and
and -gas
Power,Corp. of Canada, Ltd.-—20-Cent Common
The
and
serves
utilities Include Atlanta,
Columbus, Greencastle,
$5,144,934
Balance
.
Common
dividends
—
+-
584,375
$4,457,434
.
$5,398,242
687,500
surplus____.——/.
dividends paid;
———
dividends and
Prior preference
gas
Cloverdale,
on
service
gas
cities
municipalities with
and 19 with water service.
Co.
2,613,455
$4,813,867
1,306,727
$2.05
$2.21
share
._/_
i
in Federal
income tax
Amount equivalent to estimated reduction
of refinancing, incurred
for 1943
resulting from deductions for costs, loa*? iinripr nrnvrsinnM
in that year, but provided for as at Dec. 31,
Earnings
*
per common
16
& FINANCIAL CHRONICLE
THE COMMERCIAL
of
plan
for recapitalization, effective as at that date.
{Resulting
application of the "carry-over" provisions of the. excess profits
from
tax
Consolidated
Balance Sheet,
31
Dec,
Utility
Commissions,
Accrued
1943
$
$
122,290,258
-——-
Cash
in
S.
bands
cates
of
Special
hand————-——
on
Tax Savings
indebtedness
cash
Notes
and
(at
deposits
Accounts
receivable
less
sources,
Materials
and
and
Total
-
Common
stock
($10
$5 dividend-
par)
preferred
Common
Dividends
declared
Customers'
Taxes
;
deposits
Other
advances
Gt&er
for
premium
29,003
137,266
deferred
debt—.
credits
—
—1
Res.
on
221,890
for
loss
undeveloped
water
1,200,000
surplus
17,054,584
1,200,000
10,579,646
sites
power
surplus"
to
-V.
——
——-
161,
5,589,972
3,728,010
133,480,937
130,662,960
—
,'
—
.
on
has
company
15,
1960,
called
its
for
Organization of the
activities
has
of
been
in charge
The
tion
the
of
the
of
<
M.
Frank
for
tube
and
and sales activities.
W.
to
embrace
Teegarden
Folsom,
Cover
to
all
electron
General
as
Executive
All
tube
V.
V.
equipment
Plans call for
the
engineering,
N. J.,
Lancaster,
turing,
Pa.,
and
the
It
division
new
commercial
coordinate
to
activities,
development,
Folsom
Mr.
operations in
said,
161,
to
manufac¬
provides
this field.—V.
service
been
restricted
to
RCA
to
12
but
from
certain
the
parts
northern
States
United
of
that
provinces,
to
country,
Italy,
now
according^to
is
an
which
k-; '■
A
marked
national
by
the
gain
air
7;
*
.;
■■
!'
.".i1
is
of
the
to
Earnings for May
May—
Gross
Year
to
from
Net
ry.
1944
1943
$9,907,528
$9,653,937
1,996,915
1,192,549
3,117,030
1,297,497
income—
oper,
Gross
from
from
Net
ry.
—V.
railway
161.
2488.
p.
G.
Edward
G.
three
V.
it
48,934,158
48,675,534
15,505,503
16,858,324
.6,386.542
8,767,223
7,388,921
has
been
of
years
Joined
witn
the
which he
this
June
on
United
in
spent
For
States
the
Treasurer
as
the
Trust
trust
161, p. 2596.. '
Years Ended March 31—
Statement
of
last
13
and
years
Company,
investment
the
income
_
of
Int.
&
for
deprec.
amort,
Exps. of
of
amort,
&
costs
not used
props,
Provision
&
for
&-
Earnings
1,111,584
per
and
profits
47,654
•
.
13,270,000
5,306,489
11,240,000
4,342,870
655,239
832,118
2,190,529
1,917,924
$2.52
$2.01
{Including U. S.
of $12,620,000 in
1945 and $10,835,000 in
1944,
post-war and debt retirement credits of
$1,262,000
respectively.
§Exciusive of stock dividends.
:■
$1,119,000,
.
Consolidated
Balance
Sheet, M.arch
Assets—
•Cash
Unbilled
and
costs
and
contracts
Reimburse,
ties
fees
on
(at
(net)
.
;
under
Government
machines
and
assets
of
and
cost
4, 056,016
or
market)
—
equipment
Goodwill,
advances—.
Net
Material
July
10,
V: •/
Feb.
1,
Aug.
1.
1942
$7,113,602
$5,561,662
1,841,006
1,857,877
1,532,574
_
27,479
51,871
20,184
income—
$4,638,406
$5,203,854
16,340,359
5,037,652
Interest
Other
378,737
; 349,507
259,305
$5,017,143
$5,553,361
201,712
246,076
$4,268,208
253,155
$4,815,431
$5,307,285
$4,015,053
income—
Balance
Dec
31
■
■■"'
;.V.
1944
Sheet,
—...
1943
$44,399,736 $42,253,073
—
9,714,000
r——_
from
supplies
dividends
and
agents &
2,016,805
11,841,000
308,819
investments
accounts
current
There
N.
of
1
and
and
43,161
6,441
3,377
2,086,090
3,418,434
j.—....
_...
and
4,037,408
$66,237,426 $66,385,954
$1,316,900
Dividends
Accrued
9,017,500
4,000,000
3,101,000
6,240.000
balances-
Cr352,126
Crl53,891
payable-
1,149,955
1,244,795
408,577
584,778
70.311
48.397
wages
accounts
matured
payable
unpaid
interest
tax
9,017,500
-
accrued...
liability
current
35,398
12,569,284
...
Earned
27,965
._■_._■
22,354,989
May and
1945
639,017
Net
from
2,261,683
Net
ry.
1,285,778
1
1
railway.
railway
oper.
3,105,050
At
income
$3,018,616
1,414.579
202,474
Year
to
1943
1944
$3 ,159,325
$3,267,770
1 ,635,047
1,976,285
338,616
263,739
Gross
from
Net
from
ry.
railway
15,096,870
same
1
time,
&
and
•Deficit—V.
161,
p.
funds
Trust
July
will
Co.
1,
be
for
1939,
made
payment
and
Jan.
Savannah Electric & Power
Operating
■
1
available
of
the
and
$2,312,488
1,346,588
♦4,555"
16 ,187.336
13,380,404
9,902,893
,948.461
9,231,206
962,838
,452,149
1,742,640
5,256,905
1,603,167
2488.
I
at
the
interest
July
1,
161, p. 2792.
office
of
instalments
1940,
the
on
$417,237
$5,012,072
$4,817,191
191,532
133,533
19,924
28,964
,2,395,920
I 329,747
2,148,845
329,976
336,814
8,165
81,421
121,630
662,011
769,391
28,441
General taxes
25,725
...
Fed. normal & surtax..
Fed. excess profits <ax.
accruals
res.
amort,
1945—12 Mos,—1944
$413,840
Operation
Retire,
Co.—Earnings—
1945—Month—1944
revenues..*..
Maintenance
of
excess
11,138
55,198
&
240,393
112,610
over
original cost of utility
Other
Gross
428,851
Dr287
$743,934
17,602
$64,769
$761,536
■
income
deductions
34,158
$61,070
3,698
$57,860
(net)
43,658
$58,147
income-
oper,
income
Net
\
—...
Utility
6%
161,
32,527
380,311
406,071
$381,225
$410,596
149,114.
186,392
60,000
stock...
Distillers
stockholders
stock
will
from
$2.50
par
90,000
Corp.~To
Change Par Value
vote
of
Exchange
on
Aug. 15 on changing the authorized
shares, par $3.33Vh each, to 5,000,000
shares of the new stock to be
2,550,000
each,
exchange for each
standing
16.049
$816,667
2792.
p.
Schenley
The
'
,
'$32,242
Common Stock and Issue Four New
Shares in
for Each Three Shares
Held—Earnings—
shares,
$800,618
31,574
declared:
preferred
—V.
408,018
.
$26,286
—.
income
Debenture stocks
four
three
issued
shares
1,890,000 shares of
held.
now
At
stock
common
present
there
in
out¬
are
of
$3.33ya par value each.
After giving effect to the
exchange, 2,520,000 shares of $2.50 par value
each
will
be
outstanding.
Results
for
Nine
Months
Ended
May 3.1
1945
profit bef.
income
Earns,
sh.
per
•After
taxes, but
after
in
income
and
excess
int.
&
19,078.245
1945
com.
of
1944
of
shares
profits
Note—The management
ings
will
have
11,918 684
$9,76
$5.96
outstg.
$750,000 for contingencies and post-war
$2,250,000.
{After provision for Federal
rates.
in
1944
depr. $70,247,965 $49,733,684
——
1,890,000
on
and
aft.
taxes
provision
adjustments
taxes
was
estimated
as
reported
as
by
the
management
at
believing that the results
of
material effect on the
corporation's earn¬
reported after provision for taxes and reserves.—V.
161, p. 2792.
as
no
(E. II.) Scott Radio Laboratories, Inc.—Official
Denies
Responsibility in Financing and Resigns as President
and Treasurer—
E.
H.
June
Scott,
22,
in
states
rector
of
ration
filed
this
shares
of
March
30,
not
under
$1
public
a
that he
company;
par
1945,
the
notice appearing
has
that
resigned
Securities
value
without
common
his
as
in
Act
of
stodk
the
President,
the registration
161,
2597.
p.
Chicago
1933,
"Sun"
Treasurer
statement
with
of
respect
and
this
to
of
Di¬
corpo¬
225,000
became
effective on or
about
and that he-has advised the
and the corporation that he
knowledge;
and Exchange Commission
responsible for said registration statement,
be
—V,
will
or
any
part thereof
;
Seaboard Air Line Ry.—EarningsGross
1942
7,259,103
income
*
July
Bank
Net
1945
1944
1943
from
railway.— $11,461,065 $12,249,094 $12,032,973
3,242,516
4,678,561
5,442,991
oper. income—
1,409,274
1,927,067
3,450,469
Net' from
ry.
railway...—
1942
$9,142,452
3,891,283
3,074,929
From Jan. 1—
Gross
railway-
oper.
'
Guaranty
May—
Date
From Jan. 1—
Net
2226.
Power Co.—Calls
Southwestern Ry.—Interest
Payments—
the
Jan.
16,671,483
$66,237,426 $66,385,954
for
May
from
8.7KL898
1,022.618
;
Earnings
&
,,
Securities
10,310,144
surplus-Lappropriated
surplus-Aunappropriated
Total
Gross
14,691,359
31,069
liabilities..
liabilities
Unadjusted credheEarned
66,433
—
•
in Personnel—
York, corporate trustee, 140 Broadway, New York.
1136.',■;
V l;..,
H
V >■
p.
Chemical
500,400
4.000,000
car-service
Unmatured
$1,316,900
500,400
....
accounts and
Miscellaneous
CorR—Changes
Steel
after
renegotiation
stock
common.-—
of
{Net
68,024
compared
1, 1945, on the second mortgage
gold income bond
Payment will be made at the office of
Bankers Trust Co.
the same day funds will be
available at the office
Guaranty Trust Co. of New York for the
payment of the semi¬
annual interest instalments due
July 1, 1944, and Jan. 1 and
July 1,
1945, on the first terminal and'
unifying mortgage bonds due 1952.
On
1,856,072
.
Audited
$7,414,833
total
certificates.
2,348,555
Liabilities—
Traffic
of
showed
Company announCgs^at on and after July 2.
1945, funds will be
for
payment oT md U6rrti-annual interest
instaimenis "due
♦Consol.
'
—
current
assets
of $2,717,969.
of
$1,034,962.
was
1945,
177,523
2,097,010
Dividend obligations
Non-voting stock
Long-term debt
31,
Total
liabilities
New
238.642
—.
stock
March
for;
non¬
sale
available
Jan.
1,832,802
.
Common
of
/ v\
present
Total
The 1943 net income
as
and
the
on
been called for redemption on
Aug. 1, next, at JOO and
$115,000 of first mortgage 4%% bonds due Dec.
1, 1947, for
the sinking fund.
Payment will be made at the
St. Louis
167,791
receivable
Net ihcome
,
loss
of
Co.
2,299,017
assets...
debits
sheet
$234,609
succeeds
Y.—V.; 161,
—»
—
cumulative
have
account
conductors-
receivable
assets
8,124,558
$75,418,779 $79,504,018
He
interest,
$4,008,903
.
cash
1,153,652
692,688
:
Conversion
$6,506,891
balance)_
.
and
1,149,533
etc._^
rate
$38,371,715 $37,407,536 $28,117,740'
18,178,874
15,974,022
11,782,294
income-
gross
balance receiv.
8,584,986
Total
the
railway operations- $20,192,841 $21,433,514 $16,335,447
13,685,950
14,319,912
10,773,785
(debit
of
rate.!
p.
stock
kk
1943
shares
of iti
:-V
deposits
3,437^472
—
charges
patents,
7,070,897
332,131
17,008,118
5,489,048
{Properties
Deferred
15,761,369
facili¬
:
lower
1944
17,345,382
cost-plus-fixed-fee
1
expends,
Investments
Other
receivable
contracts
Inventories
Rental
Special
Deferred
$17,323,404 $21,829,052
——
drafts
stock
balance
Period End. February-
I
series on
outstanding after
1944
Assets—
Other
31
1945
1
—
tAccounts
k,\
\
$460,225, including
St. Joseph Railway, Light, Heat
$115,000 Of 4y2% Bonds-
!
to
issued
general and refunding mortgage bonds.—V.
49,226
—600,000
profits taxes
'
'
taxes
applicable
all
the
at
and
Moomaw, who has been Vice-President in
charge of operations
a
director, has been elected Vice-President and General
due
accruals
from
Unadjusted
share
common
prior
•
authorized
\
D.
common
602,155
—
of
income.—
debs.—641,555
♦Including billable costs and fees under cost-plus-fixed-fee
contracts,
tlnciuding costs under cost-plus-fixed-fee contracts.
after
Deductions
Deferred
(cash)——
made
1,409,598
1,262,483
—
dividends
stock
preferred
■;';kkV
income
933,953
1——
is
'kk
■■■',•
its; 6%
facility rents (debit balance)
775,807
—
dividends
SCammon
excess
from
Temporary
$
132,861,743
operations——
excess
to
revenues
Guaranteed
income
Preferred
in
on
'
cash,
company's
H. L.
Kingsbury, who has resigned to return
to
the
American Rolling Mill Co.
George W. Clearwater, Assistant
Treasurer, has been elected Treasurer.—V.
161,
convertible
of
preferred.
1944
'
132,535,801
properties.-
contingencies—.
tV. S. & foreign income
(estimated)
Net
exps.
of
>'.:.■:■
quarterly dividend of 31(4 cents
preferred stockholders of record on
class
one
General
sales—
Provision
'■
1
Investments
———133,798,284 133,973,327
91,379,030
97,522,863
administrative & general expenses^—
22,377,749
18,682,260
Selling,
only
equipment
Gross
last
income
tCost
Aug.
the
of
conversion
expenses
Miscellaneous
Total
1945,
value
common
a
.
1945
,
the
operating
of
Joint
Mr.
Income
—
If
operating
rev,
Net
-
Other
have
department.—
$•'-'•
sales
22.
redeemed
railway operating
Non-operating income
Remington Rand Inc. (& Subs.)—Earnings—
•Net
will
into
share
,'
Railway operating
Hire
.
Consolidated
each
payable
Net
company
20.
1,
Aug.
the
.Verity,
Dividends
14,002,109
5,608,243
has
for
r\
it
Net
39,834,427
13,147,159
announced
convertible
161, p. 2115...
.
Ringrose
was
on
Pro-
treasury
of
also
Income
Red Bank Oil Co.—New Treasurer—
director,
Ringrose
redemption
with
issue
both
and
right
perhaps
■
Calendar Years—
1,618,902
47,541,666
income—
is
company
Railway tax
railway—
oper.
is
the
Railway
Railway
From Jan. 1—
Net
for
stockholder.
a
together
entire
extraordinary
of
current
Manager.
the
' 3,033,755
1,608,068
given
Richmond, Fredericksburg & Potomac RR.—Report—
$8,402,588
3,270,422
be
be
to
cease
the
yet undetermined dividend
$15,544,600.
plant
1942
'.
issued
shares at par—$100— or
preferred share for each 20-shares
outstanding. The retirement
plus accrued dividends.
shares
which
10.
1945,
,5
$8,912,813
railway
railway—,—.
one
to
are
now
preferred
share
—V.
Date
1945
from
Net
of
holders
held.
has called
common
Since
date.
and
basis
common
share
per
5%
1.45
per
' >
redemption
Present
preferred
new
the
B
expire after July
stockholders will forfeit
■It Is
interest
the
on
rights
announced that the company will cause to be called on Oct.
1,
1945, for redemption on April 1, 1946, all of the outstanding Reading
Company, Jersey Central collateral trust 4% bonds, due April 1, 1951,
and
issue.
new
series
$27.50
July
105
to
or
company
The
Reading Co.—To Call Jersey Central 4s—
at
the
more
preferred
Air
2791.
be
to
remaining preferred stock consisting of 43,496 shares of 5%
in number of shipments handled by inter¬
May over the same month last year is reported
in
express
is
Rheem Mfg. Co.—To Redeem 5% Preferred Stock—
35.6%
of
which
of
which the underwriters have agreed to take. The supplement
prospectus also would be filed with the Securities and Exchange
July 23.
Public offering by the underwriters would occur
July 24 and close July 26.—V. 161, p. 2792.
-•
•:k,-/•"'■ ;.k:
Express Division of Railway Express Agency.
A total of
28,373 shipments were handled, compared with 20,924 in May, 1944.
These shipments do not include traffic to and from Canada.—V.
161,
p.
for
common
The
c'
of
15,000
who has been Vice-Chairman and Treasurer
and a
elected President, succeeding Charles R.
Hook, who
Chairman and President.
W. W. Sebald. a member of thes
board, has been electer First
Vice-President, a new office. Mr: Hook
remains as Chairman of the board.
cer¬
to the
International Ship¬
—
Rise—.
$49,000,000
the
to
capitalization
Commission
-
Railway Express Agency, Inc.
ments
in
shares,
via
announcement
fey Lt.-Col. Thompson H. Mitchell, Vice-President and General Manager.
The
provinces
still
affected
by restrictions are Gorizia, Trieste,
Bolzano, Trento, Aosta, Torino, Cuneo and
Doha, Fiume, Zara, Udine,
Sondio,—V. 161, p. 2791.
stock,
amendment
an
increase
an
Assuming the effective date of July 7, the warrants would expire
July 21, and on July 23 the underwriters, headed by Dillon, Read and
Reynolds & Co., would be notified as to the number of unsubscribed
has
available
approved
will
company,
103,
161, p. 2792.
Trust
subscribe
of
RCA Communications, Inc.—Italian Service Extended
Radiotelegraph
26
authorizing
preferred
is
slightly
the
for
2596.
p.
of
charges
of
Calvin
Commercial
expected that the registration statement will become effective
July 7, and if so that will be the record date for stockholders to receive
:
Saugerties, N. Y,, and at the company's Indian¬
strengthening of RCA's
June
on
incorporation
as
consolidated
was
■% V':: Vk-',\'
r
-
of
director, has been
>,
York, N." Y.—•"
New
immediately.
warrants
of
all
of
$75,000,000
plant.-
Creation
stockholders
tificate
manufacturing,
the division's head¬
transfer of
The
at
St.;
JR. J.) Reynolds Tobacco Co.—New Preferred Voted—
The
coordina¬
and
Wall
sale
common
20,000
an
Rustless Iron &
..
46
the
the
($100 par) cumulative
preferred stock and 500,000 shares of
corpora¬
V
Vice-President
integration
complete
interest
and
2792.;;J^^'V.%V;V'-;'':\
Manager,
quarters from Camden to Harrison, N. J., Mr, Teegarden announced.
RCA
tube
manufacturing
operations are conducted
in
Harrison,
apolis
161, p.
103
by
redeem, at
due in 1950,
from
proceeds
Giving effect to the proposed financing,
including the reclassification
of outstanding
shares, the company will have
outstanding 35,000 shares
redemption on Aug. 1, 1945, $776,000
3 xk%' sinking fund bonds, due
trustee,
be
assets
leave
Payment
will
be
made
at
National Bank. & Trust Co.,
July.
July
with total
.
$4,227,000 principal amount outstand¬
Including the current redemption there has been retired $3,273,000
principal amount of the original $7,500,000 issued Nov. 15,
1940.
Victor division.
provides
tube
RCA's
with L<
by
RCA
division
tube
division
RCA tube
company,
announced
Unit
of
facilitate
The
ing.
Radio Corp. of America—Forms
Electron Tube Activities—
to
the
property not used in the business.
build¬
first mortgage
which will
middle
of which $2,096,000. will be outstanding
1 sinking fund payment.
the distribution,
presently outstanding capital shares
changed into 500,000 authorized and issued shares of
the
recurrent
(which
on
the
Consolidated net sales in 1944 totaled
$20,916,228.
the period was
$713,905, after deduction of
of $973,depreciation
reserves
1944
Ruppert which
received
($5
par)
and
preferred with
1944,
^Including $39,889 as to 1945 and $43,payable to foreign currencies.—V,-161, p. 1582.
1944
will
operations).
principal amount of
Nov.
2665,
p.
tAfter
31,
Revere Copper & Brass, Inc.—To Redeem 3%% Bds.
The
Total'
contracts.
March
be
used
debentures
To
tion, during the last two years as Assistant to the President in charge
of contract
settlement, has given up that' connection to resume his
activities as a partner In the Wall Street brokerage firm of Stevens
& Legg, it was announced on June
2Q.—V, 161, p, 2338.
17,953
18,036,080
reserve
Capital
422,795
10,585,457
Depreciation
Earned
100,853
403,993
construction
on
Government
on
$936,461
and
Republic Aviation Corp.—Official Resigns—
Arthur K. Peck, who since
January, 1942, has served this
250,422
58,913
liabilities—
current
Unamortized
use
5%
$75,418,779 $79,504,018
1945,
around
remaining proceeds will go to the'five
or part of their holdings,
including the
selling all
are
Jacob
to
be
after
8,852,650
1944,
057 as
will
14,159,615
in 1945 and $967,421 in
1944.
fAfter reserves for
amortization of $16,476,030 in 1945 and $17,083,605 in
included $239,898 March 31, 1945; $331,512 March 31,
73,766
accrued
Customers'
1,922,720
4,875,374
14,314,675
of
ceeds
.
2,619,113
231,824
par)...—-r-k..—.u.
,
—
623
ings not used
estate
4,623,300
1,744,190
($1
will be made
company will receive only
of the preferred.
The
stockholders who
13,78"i"0OO
2,561,875
——————
to
The
shares
1,200,000
13,351,000
Corp., and Merrill Lynch, Pierce, Fenner & Beane
underwriters.
Subject to clearance by the SEC, it
that the offering
1910, when the company was incorporated, all of the stock
has been held by members of the family of Jacob
Ruppert, who founded:
the business as a private
enterprise in 1867.
5,400,000
_'—
:
Boston
principal
expected
*Since
187,448
and
171,875
75,180
—————.—4,307,138
par)
the
as
is
2,643,458
———h———-
stock
surplus
restricted
1,562,500
—
($25
;
162,044
185,411
600,000
'Including $1,029,742 March 31,
1,356,240
-—,—4—————
accrued
Interest
1,125,000
185,600
2,672,212
covering the proposed public sale of 34,550 shares
preferred stock and 200,000 shares of common.
The comof the leading brewers in the United States, has designated''
pany, one
The First
91,364
,
its
statement
($100 par)
;
731,231
.
105,214
————k-—
stock
surplus
Total
13,750,000
—-
663,204
year—_————
loans—
Capital
55,937,500
year—
one
etc.—....
exchange' fluctuations
'
Earned
21,778,790
1,549,969
....—171,875
one
——:—
after
sinking fund debentures
15-year .3 Vac/e sinking fund debentures—
98,092
54,287,500
—
year——-~
insurance,
bank
$4.50
24,767
13,750,000
long-term debt
Notes payable to banks, due within
Accounts payable
for
one
3 7c
113,773
21,778,790
—
Total
362,000
within
retired
foreign
Liabilities—
Prior preference stock,
1,073,000
be
to
contingencies
Serial
133,480,937' 130,662,960
——
—
7,250,000
For
968,661
159,775
15,067
161,703
expense
12,154,910
4,750,000
tax.(net)./
2,076,802
to bringing about the first public distribution of its
history, the company filed with the, SEC June 21 a regis¬
view
a
stock in
tration
907,454
9,648,027
profs,
Government, contracts—.—
S.
For
2,069,050
1,120,334
debits.———————
987,647
payable
Reserves
4,037
2,169,160
___
——--
discount
debt
deferred
2,542
—
—
With
.2,462,962'
"
3,026,958
U,
on
3,569,657
wages———
of merchandise coupons
service contracts—:
due
416,511
misc.
supplies-,—
.-
Unamortized
Other
customers
reserves
and
Prepayments
from
(Jacob) Ruppert—To Offer Stock to Public—
$643,057
5,470,533
interest, insurance, rents, etc.—.
Dividends
1,485,000
42,000
_-•—.'
:
and
redemp.
Liabilities
2)0~1~7~507
2,826,000
cost)——
—
of
Debentures
1,987,274
receivable————
warrants
taxes,
cost
Advances
'
Notes
—
—
completion of
U..S, and foreign inc. & exc.
123,378
certifi¬
and
salaries
and
346
——-—__
and
Treasury
Est.
1,051,926
-
investments,
Sinking fund cash:
payable
,
plant (inch intangiblesk'——
123,861,209
physical property (at cost).——a1,025,846
at cost, less reserves.:——*'
109,682
Other
$639,889
4,886,316
—_——
accounts
~
1944
Other
loans
Trade
Assets-—'
U.
Liabilities—
§Bank
law.
Comparative
Monday, July 2, 1945
from
railway..—
Net
rv.
oper.
p.
income—
61,522,379
60,301,563
20,254,447
from railway
Net
—V. 161,
59,664,454
.24,612,303
28,110,356
8,235,701
39,175.104
13,643,820
9,836,080
18,518,067
10,038,229
2488. \
(Continued
on
Page 52)
>
THE COMMERCIAL &
Number 4399
162
Volume
Stock and Bond Sales
WEEKLY
dlereferded In the day's range, unless they are the
United States Government
Below we
furnish
June 23
8. Bond Prices
Dally Record af U.
Treasury
Securities
the Mew York Stock Exchange
on
Daily
June 39
June 28
June 27
June 26
June 25
bonds on the New York Stock Exchange during the current
of
Record
■
101.19
101.21
101.19
units
>:
t.'.
3%., 1946-49
Low
2
10
Low
Vis, 1967-72
Close
Total sales in $1,000
units
High
[High
Jf"
—Low
2%s, 1951-53
[Close
Total sales In $1,000
[Close
units
Total sales In $1,000
units
[Hign
[High
j L°w
3s, 1946-48
Total sales In $1,000
[Close
units
V-11.17
111.17
111.17
[Close
111.17
Total sales In $1,000 units
113.30
High
113.30
[Close
units
2y4S
Total sales in
[High
f High
■
[CiOSO
■
Total sales In $1,000 units
| Hign
[Close
units
:7 V'.-'
:
-
...
■;—\ Low
:
1947—
2s,
•[High
1948-51
Low
Total sales in $1,000
Low
Close
$1,000 units
Low
[Close
Total sales in $1,000 units
2%S.
-I
1956-59
*2%
■
2%s, 1945-47-
Low
[Close
113.30
[High
j L°*
Total sales in $1,000
(High
]
2V*S, 1954-56
5
*1
units
2%a, 1955-60
Total sales in $1,000 units
111.17
111.17
5[High
] Low
Total sales in $1,000
| Low
2y48, 1952-55
[Close
3s, 1951-55
101.21
High
units-..-—
1949-52
3 Yets,
101.21
Close
(CS
—
Total sales in $1,000
101.21
Total sales In $1,000 units—
[High
.
March 1948-50—^
2s,
■{ Low
Close
I
V
Total sales in $1,000 units—
[High
2%s, 1951-54
Low
•
Close
"■
'
'
.
(High
2s, Dec. 1948-50
Low
•
Total sales in $1,000 units—-----
y
~
Close1
|~High
Total sales in $1,000
Low
2%s, 1956-59
June,
2s,
units
■>■:,/
■': -/V
1949-1951—
i Close
Total sales In $1,000 units
V/rV-:
[Close
'
;s
units
H
/■'••V/V^V^V
Close
"
fHigh
'
r
2s,
Low
1945-
Total sales In $1,000 units
Close
V>" V
——i Low
Total sales In $1,000 units
IClose
[High
:
1950-1952.
Sept.,
2s,
Low
[Close
(High
L°W
Total sales in $1,000 units
Close
-
Total sales in $1,000 units-.
[High
f High
2s, 1951-1953
Low
—
—■{ Low
2Vis, 1950-52
[Close
[Close
Total sales In $1,000 units
units
Total sales in $1,000
[High
'High
Total sales In $1,000 units
units
(High
f High
Close
<*,
J Low
[Close
—
Total sales in $1,000
units—
Total sales in $1,000
1952-54
2s, June,
•! Low
1%S, 1956-58
units
f High
2
-1
ViS, 1962-67
2s,
Total sales In $1,000 units—
Dec.,
1952-54
2yas, June, 1964-1969—-
2S
10
{ Low
(Close
'
101.29
102
101.29
102
'
.
1%S
"
/High
/ Low
,
1948—
[Close
3
[High
1964-1969—
103.5
/V
Total sales in $1,000 units
102
101.29
Total sales In $1,000 units-.—
2Vis, Dec.,
1953-55—
2
[High
i Low
I Close
103.5
103.2
(High
102.11
[Close
'
103.2
5
102.11
units—
103.2
Low
•
in $1,000 units
102.11
\ LOW
.
sales
Total
f High
Total sales In $1,000
103.5
(High
(Close
Low
[Close
2Vis, 1963-1968—
Low
[Close
[Close
Total sales In $1,000
\
1951-55
28.
Low
!%S, 1952-54—
Low
—•
Close
units
sales In $1,000
'
High
■
1950-1952—
March,
2s,
f Hieh
1948—_—
Low
[Close
1949-1951—
O::-'"
'•
Dec.,
■
Total
Low
Total sales in $1,000 units
Low
Total sales In $1,000 units
2Vis,
[High
[Close
.\v
Higb
I%8,
102.27
*18%
2s,. Sept., 1949-1951—
'
Hign
2%S, 1960-65
102,27
Low
[Close
Total sales In $1,000 units
Low
-1
Total sales In $1,000
102.27
Higr,
r
'
Hign
2%s,. 1958-63-
1
45
,
2Vis, 1966-71
[Close
Total sales In $1,000
units—*
$1,000
June 29
101.19
High
| Low
1%!, 1946-56
June 28
June 27
101.21
1965-70
Total sales in
[High
■.
June 26
101.21
Low
units
•
June 25
["High
Close
2%s
[Close
Total sales In $1,000
June 23
Bond Prices
U. 6.
Treasury
j L°W
1947-52
the year.
32d of a point.9
f 2*8**
4 Vis,
YEARLY
-
only transactions of the day. No account Is taken of suoh sales In computing the range for
transactions in Treasury and Home Owners' Loan coupon
decimal point represent one or more
Figures after
week.
daily record of the
a
New York Stock Exchange
«»
DAILY...
delivery selM ere
Cash and deferred
NOTICE
17
FINANCIAL CHRONICLE
101.24
101.24
•{ Low
[Close
101.24
101.23
101.24
101.24
101.23
2
Total sales In $1,000 units
101.23
101.24
1
1
Total sales in $1,000 units
♦Odd
lot
sales,
transaction
registered
of
bond.
([Registered bonds sold at 101.14.
aassa
ssa
NEW YORK STOCK RECORD
LOW
AND HIGH
Saturday
Monday
Tuesday
June 23
June 25
June 26
SALE
Wednesday
June 27
Range for Previous
STOCKS
PRICES
Friday
June 28
NEW
Sales for
June 29
Thursday
the Week
Year
Range Since January 1
YORK STOCK
Lowest
Highest
Lowest
EXCHANGE
'
$ per
em
*114%
share
J per
share
66y2
65%;
66y4
115 ya
78
*74
115
66
%'
*113%
115
*74
$ per share
78
*74
66%
115
78
S per share-
66%
*113%
*74
15%
15%
14%
66%
115
78
*113%
*73
65
66%
113%
115
78
73
66%
1,600
113%
40
73
20
'
15%
15%
15%
15%
15%
14%
14%
13%
141/4
27
27 %
27.%
27%
27%
27%
27
27
27
27%
26%
26%
800
16
16 Vb
16
16 %
16%
16%
16%
16%
15%
16%
15%
15%
8,900
36%
•30 Mi
36%
.26 Mi
27
*26%
27
44%
45 Ya
*35%
111%,
111
8 Ve
8
230
*226
5%
5
59
y4
59%
66%
*66
33%
33%
106
*102
17%
17%
160
*159
8%
36%
*35%
26%
26%
26 J/2
44%
8
230
*227% 230
sy8
5
*35%
26%
*112
111
8
36%
26%
45 y8
44%
110
*35%
5
45
115
8%
230
5%
44%
*112
8
443/4
115
m
*229%
231
4%
5
60%
*66
59
59%
58
59
66 y8
59%
65%
66.
65%
65%
33%
34%'
33%
33%
33%
33%
*103
106
*102%
17%
17%
159%
159%
17%
159
106
17%
159
*103%
17%
159
106
18
159%,
*17%
18 V4
17%
18
17%
17%
17%
17% "
31%
317/a
32
32 Mi
31%
31%
31%
31%
For footnotes see page
27.
*43%
*112
*35
36 %
26%
27
43%
44%
*112
115
7%
8
7%
229'%
230
*226%
4%
54%
*64
31%
103
17
159
*17%
30 %•
4%
5
58
543/8
66
66
33%
103%
173/4
159
■
31
103
Par
Shares
t per share
f per share
66%
13,600
1,700
26%
44%
7%
4%
7,500
,
115
.
.
120
22,100
290
61,700
56%
19,300
66%
600
31%
103
14,300
190
22
71
.100
9
115
Jan
15
73%Jun 20
—2.50
93/4 Jan
2
16% May 19
—10
25% Apr
23
preferred.,
Motors
ACF-Brill
Acme
Steel
Adams
No par
Co
Co_
Express
;
Air
Reduction
Alaska
&
No
Inc
Vieksburg Ry
Juneau
Allegheny
Gold
16%
16%
1,200
1,300
Allied
300
18
17%
171%
31%
30%
31
3,300
Chemical &
8Va Aug
64% Jun
11*4
Jun
64
Dec
10% Pec
28
27
10%
Jan
14
32% Jan
24
18
26%
Jan
33
22% Apr
6
19%
Jan
24%
par
39% Jan
2
98 V/b Jan
22
30% May 19
49
Apr 24
111% Jun 23
8% Jun 21
37% May
75
5Yi
Jan
Apr
6% Jan
2
1731/2 Jan
22
Jun
26
124
Jan
2% Jan
24
5% Jun
11
2
Mar
34 5/8 Jan
22
603A Jun
21
Jan
23
68% Mar
1
24
11
34% Mar
1
Dye
Jan
Par
.—No par
100
Allen Industries Inc
158%
47
$ per share
16 3% Jun
pf A with $30 war
:
100
$2.50 prior conv preferred-No par
.157%
Feb
10
RR
gtd
52%
108% Nov*.
38% Apr
5%%
Alleg & West Ry 6%
t per share
100
I
Min
Corp
Alghny Lud Stl Corp
28% Apr1
5
15
100
—
Albany & Susquehanna
Jun
10
—No
Corp
60
May
Highest
13 Yo Mar 26
_1
—
Address-Mutigr Corp
Alabama
$ per share
60 Va Jan
lliy4 Apr
Abraham & Straus
Adams-Millis
36 3/4
230
4 %,
$ per shar«
No par
Abbott Laboratories—.
No par
Allied Kid Co
;
Allied Mills Co Inc
No par
8
56
28 y8 Jan
91
Jan
13% Jan
2
104
7
May 28
18% May 17
pec
pee
Oct
43
July
100
Pec
7% July
181
3%
23%
Jan
86
37
Jan
62
|Nov
Dec
Dec
Dec
24% Apr
29% July
70
91
9%
Jan
Jan
r5%
157
Pec
Oct
Pec
20% May
6
3
141
2
13% Mar
16%
May 23
34% Mar
1
29
35% Mar
153 y4 Mar 26
15% Jan
30
230
,
1944
165 y4 Mar
Apr
Aug
Feb
Monday, July 2, 1945
THE COMMERCIAL & FINANCIAL CHRONICLE
18.
T
RECORD
NEW YORK STOCK
LOW
SALE
HIGH
Friday
June 28
June 27
the Week
30%
30%
101%
30%
30'%
♦100%
*100%
47
47
47%
119'%
120
28
30 y4
30%
5%
5%
5%
100%
100%
*45 %
47%
*45'%
47%
115%
115%
115'A
117
118%
27%
28V4
5%
6%
.118
5%
»,
112
111
31
30%
30%
30%
31
30%
31
30%
30%
67
66
66%
67
68%
67%
69%
65
69%
65%
67
32%
33
33i/4
33%
331/4
32%
33%
31
33
30%
31
80
79
79
79
79
79
19%
20
19%
20%
19%'
45
12'/a
98%
191%
52%
52
55%
54
-
111
111
132
1311/2
131%
20
*19%
20i%
200
18%
'7,400
.31%
'31%
43
441%
134
50%
190
53%
50%
30%
31%
30%
119
117
117
131%
*131%
131%
431
131%
20'%
20%
2IV2
20
20%
•'
31
116%
130
130%
19%
21%
22%
22%
23%
*109%
11C%
*109%
110%
22%
110
34
22%
109%
10
86,200
43'/4
'
6%
6%
6%
*6%
6%
v
14%
14%
,401/4
41
4
109
109
28%
28
-
,
"
14%
41%
4%
4
108i/4
105
27%
28'/a
»•'
45%
7%
7%
71/4
71/2
■'// 7%
7%
*50%
51%
*501%
50%
50'/a
50%
*50
50%
50
99%
991/2
45%
-45%
!X 7%
7%
50
807/a
80 %
80%
80%
*80
81
79%
80
9%
9%
9%
9%
9
*44%
V.'
80% /
807/e
9% *>
9%
93%
93% »
94
94%
10"%
10%
107/a
11%
50
50
35%
97/a.
371/4
113
*112
114
*110%
113
,
26%
13%
13%
13%
29%
29%
291%
29%
29 Va
45%
45%
14%
*182
61/4
6%
78%
*9%
26%
9%
113%
24%
25%
'
v.
.
69
y2
70%-
29%
*45
■
184
6%
81%
74
141/a
14%
181
181
13%
58,200
183%
80
20%
22%
20%
21
88%
89%
87%
88%
45%
34
21
•
49%
139 %
78%
17 %
53%
771/4
,
19%
*80
*162
45%
165
"v
165
10
32%
35
32%
33%
18.500
20%
21
20 Vi
20%
3,400
32%
771/4
:
53%/
81 Va
1591/2
159%
1591%
81%:i
19%
17%
18%
54
119%
/
-
16%
-,,21%
•
7%
35%
36
35%
36%
35%
52%,
53%
53%,
54
53%
34%
111%
40 y«
40%
32%
33%
*110%
111%
*33%
29,600
50%
2,040
*
6%
•.
■
130
47i4
*14%
,
-
\
115
114%
129
129
46
*114
115%
; 130
471/4
46%
47
15
14y4
14%
46%
*14%
.14%
V.. 13%
13%
13%
137/a
13%
27%
27%
28%
28%
*122
126
124
'
127
123%
127
123%
65%
65
10
9%
46%
9%
113
113
*124
48,500
*113%- 114
128
'45%
90
180
*123
124
123
124
123
123
130
50
*49
50
49
49
50
50
200
107
107
*107
108
*107
108
*107
108
*107
108
99
101
*113%
114
Elec_——No
Wks &
99%
78% 1
78
40%
*77
.
32%
.
99%
114
*113
112 y4
40%
; 79 :
*118y2
*20%
15%
*101
120
21%
16
102%
20%
21
8%
9
114
77%
39%
40
77%
77%
79
78%
77%
40
77%.
76%
40
79%
79
33 "
X
33%
32%
112% 112%
111%
18%
18 Va
*56%
33
■1121/4
18i%
' :
112%
18%
*561%
56%
74
*77%
32%
112%
*73%
*113«/4
71
39
95%
20
16,400
112%
700
71%
73%
14,300
37%
37Va
1,900
112
761/4
i
98%
56%
56%
56%
74
72
73
73%
*118%
120
21%
*21
18
*118%
21%
72
120
119
21%
15%
16 ya
16
16%
IOII/2
1011%
101
21%
101%
21
21
87/a
9
20%
8%'
20%
9
15%
100
,.
/
-.
39%
33%
112
19%
*75
-
80
32%
*73
33
1,11
32%
32%
11,100
110%
110%
500
17%
111
18%
193/£
18%
57
*56%
57
72
71%
72
119
21%
16
101
15 %
69
*118%
22
22
101
*56%'
120
*118%
21%
15%
16%
■
101
20
4O0
79
*
*99
18%
20%
20%
20%
8%
91%
8%
9%
28%
301/a'
8%
.
19,000
57
100
71%
700
30
120
21%
600
15%
6,200
300
100
19%
2,600
8%
113,300
29%
29%
2%%'
30%
30%
30%
29%
30%
26%
27%
27%
28%
27%
28%
27%
23Va
43
431/4
43 Va
41%
44
41%
42%
38%
22
22%
22%
22%
22
22%
21%
21%
19%
*76%
77%
77%
77%
77
73
77%
78%
330
40%
40%
40%
40 Va
38%
40
38%
39%
4,000
26%
26ya
400
*52%
53%
21%
70
11,100
,44
77%
77%
;3%
41
41
40
41
27
27
*27
*53
54
77
22%
22%
27%
*27
53%
53%
*53
22 3 a
23
19%
19%
19%
19%
39
39
39
3914
*43
44
44
*43
107 7
*107%
109
14%
15
,14%
*39%
40
*39%
*118%
122
*118%
a
107%
15
40%
122
For footnotes see page 27.
sszrzvz:
.
22%
19%
*39
44
24%
2 8'/a
28%
24%
25 %
47,000
91,300
41%
38%
39%
19,300
21%
19
20
27%:
27%
*27
27%
26%
27
53%
*53
53%
53
53
22%
22
22%
21%
22%
•
21%
Preferred
—
——
42%
14%
40
40
40
122
*118
122
*118
*40*118
.40%
122
*40
'118
42%
108
14%
40%
122
.
400
100
3y8
Aug
22
81% Jun
27
44%
Feb
66%
Dec
22
74
JUn
28
40
Feb
60%
7
9
Jan
12% Aug
16
163
Jan
15% May
Mar
184
180
Dec
Aug
22% Jun
27
12%
Jan
17% July
Jan
91% Feb
23
62%
Jan
77%
25% Apr
17
13%
Jan
18%
Sep
Jan
Feb
50% Jun
22
3
172
35% Jun
56% Jan
Jari
31
65
7
Juri
8
175% Jun
27
35
2
165%
Dec
45%
Dec
Nov
152V2
Dec
Jun
28%
Jan
19% July
16%
Jan
25%
29
;
Dec
Dec
Feb
56
Deb
111
Jan
26% May
132
Dec
156
166%
Jan
31%
Jun
Dec
Jun
15
56%
Jan
75
July
80% Jun
15
57%
Jan
75
July
79
Jan
2
65% Jan
2
;
145% Jan
3
xi6i
x
43% July
Jan
15
3
Mar
Jan
22 V'4
24
142
12
Dec
146
7
28% Apr
Dec
37%
39% May
26
Mar
25
46% Mar 26 V
157
25
19%
Jan
147
6
Jun
162
9
120% Jan
y 29% Jan
25
45% Mar
9
Feb
Apr
Feb
36 Va
15
40
41% Apr
13%
26 'A
.24% May 29
15
Dec
139
Jan
Jun
7
13% Mar 27
19%
Jun
26
8%
Jan
43% Mar 27
54% Jun
27
39i%
Apr
121% Mar 15
116%
Apr
152% July
'
>
117% Jan
22
Jan
23
99% Jan
11
!
8%
:
9
Jan
2
26
6%;
Jan
Jun
14
84 '/a
Jan
29 y4 Jun
28
6.'/8
Jan
67%
Jan
16% Jun
111
15%
Dec
49
Jun
120% July
16% Aug
100
9%
107
Nov
Dec
Dec
lOO'/a Mar 26
-1281/2 Jun
28
5% Mar 27
60% Jan 23
8% Jun
22
4
Jan
Jun
22
44
Feb
65
Dec
83
6% July
29Va Jan
2
301/4 Jun
26
24%
Jan
29 V*
Dec
38% Jan
Dec
6
54
Jun
26
25
Jan
39
Jan
6
35% Apr
23
20
Jan
110% Apr
39% Jun
13
112% Apr
8
44 V4 Apr
30
30
12% May. 4
2
4.i/a Jan
15 V4 Mar
:
28% Julv
'.241/2
20
5
"50
par
Mar 26
9%
Jan
21/8
71/2 Jun
Jan
42
65'/4 Jun
Jan
14%
Dec/.
4% Aug
57
Jun
6% July
Dec
$6 conv prior
107%
1%
111
132
119
Jan
6% Jan
of Illinois—^—5
Co
&
preferred—No par
preferred ———————100
—No
Corp_;_—
Associated Dry Goods
7%
2d
par
5
par
20
Jan
3
100
111
—_No par
45
Atlantic
Atl
Coast
S5.
Del
Baldwin Loco Works v t c_
Baltimore
&
Ohio_
Conv
Asphalt Corp—
Barber
5%%
preferred
Oil
Iron
5
Works
Beatrice
$4.25
No
Creamery.,
preferred
25,400
Beech
Aircraft
50
Beech
Creek
1
Corp.
Cigars Inc_
—
Corp
RR—
Beech-Nut Packing Co
par
25
No par
1
29
114% May 19
,
Jan
Jun
25
33
Jan
53i/2
Jan
83%
Dec
82
Jan
106%
Dec
25%
Jan
1
25
Feb
38% Nov
59%
Jun
36% Feb
15
24%
Jan
Feb
Jan
20
113% Jan
3
22
19% Jun
27
11%
19
23
58
Jan
2
74
Jan
25
6
24
531/4
May 31
119
2
24
May 18
Feb
52%
,112
Jan
Apr
May
14 Va May
2
76
Nov
32% May
114
17%
57%
Oct
62
J ufl
20
26
22
7
Jan
13% May •
Jun
66
Apr
84% May
23% May
7
141/2
Dec
15% Nov
28
'3%
Jan
16% Jun
102
9% Jun
18
Apr
6
26%
Dec.
6
26
5%
Jan
13%
Dec
44% Jun
22
9%
Jan
23%
Dec
23
Jun
21
91/4
Jan
14%
Dec
78% Jun
22
„
22
22% Mar
7
19
23
24
40
60
Jan
68'/a
Dec
21%
Apr
23%
Dec
12
Jan
18
14%
Sep
18% Mar
July
30
28
18 Vo Jan
114
4
Apr
Feb
32 Vz Jan
36
Jan
107
May
9% Apr
——20
May
54
2
36
31
25-
16% Jan
50
44% May 16
25
Mar 17
Jan 20
May 31
44'% Jun
14
Jan
11
15% Jun
28
40% Jun
6
110
124
May 29
19%
Dec
25%
Feb
34 %
Nov
31
Jan
38
Dec
Jun
111
14% Aug
1051/2
7%
31
111%
1.
Dec
30% Jun
12% Jan 31
66
'Mar 27
30 % Jan
2
17 V2 Jan
3
50'% Jan
9
,
Dec !;
28% Jun
19Jan 31
•
•
120% Aug r
11% Jan
'
.,
Oct
Dec
253/a Jan 22
22
:
Dec
7
25
Apr
2
Sep/:.:
108% Nov
103%,
107%
22
Dec
Feb
79% Jun
2
Jan
45%
,40% May
80
Jan
May
Jun
55
5
5% Jan
50
—
Co
28
Jun
10% Jan
No par
Barker Brothers.——
Barnsdall
Jun
50
30
77
3
..50
100
_10
.124
14% Jan
100
& Aroostook—:
5% preferred——
Bangor
113% Nov
■
-13
preferred
\/ 4%
Jan
18% Jan
—100
i.
85%
55% Feb
No ,par
(The)—.
Dec
113
14% Jan
5c
Corp of
Aviation
19%
Jan
101
100
Co.
Jan
90
108% Mar 23
60
prior A———
121/2
25
12
110
Corp_.:
iJVo .par
Nichols—^.,——No 'par
Austin
Jun
26
,Jun
4
30% Jan
Atlas Tack
Autocar
13%
31
113
preferred
conv
Jan
9
.
-
5%
'8 '/a
Jan
-——No par
Powder—
?Atlas
May 21
29% Jun
127
74% Jan
—100
Atlantic Refining——.——25
A%
conv pref series A—i^^-lOO
Atlas
Corp——
—_—5
6%
preferred
——50
noh-cum preferred
12% July
Mar
481/a Jan 22
1
33% Feb
—100
RR_
Line
G& WIS8 Lines—_——1
5%
Feb
76% Jan
101
preferred.——————100
5%
9
91/4
Jan
106
Topeka & Santa Fe———100
46%
15% Jun
J an
preferred—,400
5%
Apr
15
18
—,
Jan
35%
2.
il3
preferred
85
24
Jun
49% Apr
2
11% J an
"10
.Jan
;
1—-1
Assoc Investment Co
Atch
Mar 27
431/s Mar '26
preferred——.———100
1st
6%
Bayuk
'106%
Jun
Apr
Bath
15%
2
Jan
1,100
44
Jan
28
47/a
7,800
107 %
32
7 V Jun
74%
19%
14%
Oct
Dec
48% May 21
Jan
153
par
—12.50
Corp
Dec
10V4 Jun
38%
*42
43
117% Jun
19
107%
130
115%
142% May 24
2
37%
15%
Feb
20
6
Mar
102% Mar 27
19%
44
26
164% Jan
& Co——21%
Mldl'd—No
Daniels
Archer
Armour
391/4
107%
Feb
32% May 22
2
40% Jan
■y
Copper
19%
14 3/4
12% July
;;; 17%
par
Smelt—
Mining
W Paper Co Inc.—
Andes
38 %
107 Va
Jan
15% Jan
i--—^-p-No ■' par
preferred
19%
*43
Dec
8%
9
18% Jan
Anaconda Copper Mining———50
,-No par
39
15%
24'/a
75
Anaconda Wire & Cable
19%
44
Feb
30
Mar 26
176
preferred——.—25
$5 prior conv
39
107%
Dec
14%
Jan
11% Jan
par
No par
100
—
Amer Zinc Lead &
19%
14%
Dec
May 2
27V4 Jun 15
111%
'
40
107%
*39%
3.800
Jun
28'/a
Jan
54% Jan
'
».
33
*56
114
40
78i%
40
-
18
18
114
95% 100
112% 112%
50
Feb
60% Jan
•
99% 100%
101
99%
Jan
14%
80%
par
—No par
1st preferred—
Woolen
9,300
126
124
51
Viscose
2,500"
28
124
46
par
—100
10
Corp—_——14
13%
13%
29%
126%
11
25
115
3
28%
13%
Jan
37% Jun
22% Jan
Artloom
291%
50
Jan 22
2
1,000
13%
9% Aug
par
—25
Water
9% July
Jan
2
preferred——————100
5 %
Apr
6%
2
preferred
—
Foundries Inc
American
7ya
15
97
16
13%
*49
*123
6%
Dec
9
25
Jun
2% Jan
B
Amer Type
79%
Jun
41% Jan
Tobacco——No par
class
Oct
7% Aug
10
17% Jan
Teleg Co__
Nov
11% Jun
27% Jan
Armstrong Cork Co.—__No
Arnold Constable Corp—
13 Va
6y4 Aug
3
par
3,500
28%
Jan
Apr
3
15
par
—100
—25
Common
A P
Dec
Jan
-No par
44 3/4
13%
28%
No
No
No
No
43%
46 Vb
*126
500
128
13
126%
700
65
9
14%
*126
4,300
50
*49
108
*49
*107
65
7
40%
3%
13
,Jan
26
Tobacco
American
$4
100
Dec
Apr
Jan
21
—100
Anchor Hock Glass
15
*6%,
.
14
127
126%
6%'
15
*14%
.
29%
*125%
*14
128
129
.
15
*13%
6%
:
,
s 116%
.46
13%
27 %
10
*128
.
:
65%
9%
10
*129
7Va
65%
651/4
9%
115
114%
114%
*128
10
15%
6%
71/4
*65
65%
9%
9%
9%
*14%
15
'
6%
71/a
7
*65
65%
*65
:
7
15
15
*14%
15
Sumatra
Amer Telep &
51
1
130% Jan
Co_———No
Anderson, Clayton
1
94%
28
108
par
:lu-100
1,900
39%
25%
Jan
*
—-25
preferred——100
2,600
34%
111%
39%
-
81/4,Jun
31
Foundries——No
Preferred
5,400
100
3
24
Stores——-,
American
-
)
Jan
Jan
33
14
24% Jan
,.No
——
Steel
Amer
76.300
34%
*110
40
39%
40
84
46% Jun
Mar
Jun
Jan
59
24
26
par
preferred—^
non-cum
Am
13,900
102
68
14
Jan
5
Dec
Mar
5% Mar
157/a
May 22
29% Jun
104 % May 25
Mar
No par
San'y
American
7%
34
6%
:
:
111 >.[
Jan
Oct
9
American Snuff—
$6
125
■; 50%
.33%
111%
40
40 Ye
40
53%
600
29
1%
4% Aug
70
Rolling Mill
Preferred
Am
11%
Jan
38%
100
conv
75,200
27%
*75
35%
50%
32%
111%
*110%
*110%
■
"
15%
7%
81%
*110%
32%
32%
33
40%
7%
3.000
x
X
109
123
*80
54
111%
1281%
7
35%
53
53
25
324%
3,000
38,500
470
119%
15
29%
;
)
17%
*106%
24%
82%
77%
52%
109
■-;"/•:■ 1,000
159
119%
16%
15%'
7%
*80
82 Va
76%
16%
53%
*107%
126
,123%
-
8 '/a
-
16%
26
77
.
158%
;
120%
*119%
108%
.21%
.
78%
53
119%
*107%
16%
*107%' 109
*80
54%
,•■*/ "54
541/4
35%
*40%
76%
159%
18%
8
81/4
700
16,200
Apr
23
17
2% Mar
7% Jan
Stove
33%
8
28
4% Apr
20% Jan
h".
Sugar Refining—,1—100
174%
20
431/4 Jun
.
American
*32%
15% Feb
Jan
2% Jan
-
American
AQO
/ 173%
78
19%
122% 124
123
81%
76%
77
79%
21
20%
8%
78
80
7
-•■x-;.
16
91
600
49
139%' 140-
6 % Jun
V 96
par
3,100
27
47 >'
>
-
175%
159%
15%
■■■.'
'•
■
•
33
174%
78
: v
*119% 120
15%
121
33
175%
79%
78
19
121
-
174%
*26
49%
140 '
78%
19%
109
77%'
49 y8
140
33%
*33
32%
175
26%
26%
49%
140
140
159%
160 '
*106%
19
191/4
vv
78i%
15 %
'
32%
27%
49 %
v..
140
174%
.77%
53%
49%
491/8
*139%
174%
*26%
2 6'/a
26%
26%
49%
140
*110 %
1
300
-
21%
53
*14%
170
35%
35%
*32%
45%
*162
x-
20%
82%
......--8%
46
165
;/•
.
34%
*120
'
121
*119
250
9,200
■
169
21
17%
53%
109
45%
*45
*162
35
48% ■>
47%
*168
35%
159%
18%
151/4
15
'*106%
*45%
451/4
165 x;
45%
34 '
•
50%
168%
21
78
78%
122
*120
48%
167%
35
174%
160
160
50%
168 'A
1,200
'
36%,
10% Jan
——25
100
American Safety Razor
18.50
American Seating Co——-_No par
Amer Ship Building Co—.—No par
Amer Smelting & Refg——No par
4%%
300
21
*>o
33%
174%
773/4
/■'/'
36
*35
50 Va
.'X
35i/4
*1391%
174%
36%
/
22%
:
20%
49%
49%
140
*32%
35%
22%
167%
*162
46
162
*26
26%
*26
37
50%
23%
22%
22%.
23%
34%
34%
21
23
24
'
162
162
*160
23 :•
*167%" 169
168%
*45y4
.
;
23%
49%"
50
497%
167%
45 %
/'■■ 24
24%
37
36i%
361%
37
49%'
168%';
*24
24%
Sep
27
par
-No par
Co_
Rad & Stand
American
2,430
Feb
211/4
14% Jan
Preferred
67,500
'
101%
29
27
preferred
89%
Dec
Dec
29
43 % Jun
11% Mar
preferred
$5
22%
49%
No
.Amer Power & Light
$6
89
Dec
109% Jun
_____100
News
14,900
,22%
Aug
5
3% Jan
Nov
15
20%
Jan;
30% Jari 24
—100
preferred
23.300
89%
131 Va
Mar
107 V4
2
Metals
6%
22%
*36
&
71%
Am
14
48% Apr
P tv -Co-
&
79%
*181
10V4
26
50
-No
preferred
13%
141/4
13%
182
182
13
27
24% Jun
106% Feb
100
preferred—
Mach
American
63,700.
'108% Feb
Jun
21% Jun
22
of 111—-:—-1
Locomotive
69%
x'x
:
■
88%
23%"
133
3
i8% Jan
:
Jan
6%
-
21%
23%
9
i3% Jari
112% Mar
r"
61
77%
7
90
22%
115% July
po.t
preferred
45%
21%
23%
27% July
Nov
Jan
44%
69%
184
*24
Jan
107
4
6%
89%
24%
23
27
9
50
20%
*24
26
119'/4 Apr
10% Jun
140
90
24%
31% Jun
3
5
*138
77%
14%
141/4
*182
184
2
Jan
6% Jan
1.39%
20%
*167%
1%
Dec
Jan
par
Co
Nov
27
.
No
Ice
139%
73%
99%
110
—1
Metals Co Ltd—
81%
Jan
76%
Mach
79%
68%
46
Amer
■/:<■■■ 71%
-6%.
27
42% July
Mar
conv
Amer
920.
Apr
115% Jun
95% July
183V2
Jan
65
Amer
>
33i/a
39% Mar
3,500
■
170%
5
14,300-
-
25
25
81% May
29
44%
Mar
Apr
55% Jun
.2
28
44%
82
May 28
195
68% Jan
29%
6%
■
104
Jan. 20
47
14%
45%
6%
---/'
July
—1
29
13% Z 13%
Sep
14
8
.No par
preferred
13%
89%
23%
h
133
May
Jam
—1
-•No
14%
141
*139%
72%
14%
141/4
*182
*24%
200-
Oct
Apr
8
„50
American
8,200-
126%
96
/,
„20
Tiring-
29%
13%
■
•
20%
*
'V.
8
12
135
20
Internal Corp_——-No
5%
70
Jan
13% Jan
.39
.100
Hide & -Leather—
6%non-cum
30,000
Jun
46
89% Feb-10
5
183% Jan
.
-10
No.
American Invest
700
34%
■
.
Encaustic
conv
Amer
9,200
50%
US'/a
114
25
'
33
36%
*113%
s
19%
Jan
Feb
par
-10
-
American
700
10%
Jan
371/4
par
American Home Products,
95
7%
17
11% Mat 26
$6
6%
.
7
47i/4 Feb
2,
Junjl
.100
—
3,100
8%
10%
50
33%
26%
500.
Dec
21% Mar
130
.100
Ine—
1,760
.
*50
50
36%
111%
80
70%
V 77
69%'
14 »A
10
29,500..
-
721/a
Mar 21
.100
preferred!—_—Co stamped
American
Jan
16% Jan 24.
'
45%
781%
6
77
68%
9%
1
80
/ 94%
10%
9%
600
50%
8%
;
1,400
r
y
60'
X41
.No par
preferred—/————
-10
American -Hawaiian ,SS Co-
•'
80
par
par
$7 2d preferred A_——
•
'
Dec
23Va July
69% Jan 30
„25
Fdy
.preferred
$7
-
;
Jan
45%
Apr
.100
preferred—
v
6%
•6
76%
-
V
;•//,
10%
26
141
45
46
45%
;
*139%
141
141
141
•95
■
94%
*111
29%
261/4
13%
9
50%
35%
26%
14%
x
■
*49% I
1
79%
11%
*50
./
-s%
94
*9%
.
.
113
25%
13%
141
26%.
26
97/a
36% -XJ71/8
7%
8%
9%
.11%
50'%
*50
;
"V
7%
94
'
45%
45
46
7%
-
11%. 11%
50
35%
95
*94
,
9%
9%.
9%
9%
491/2
35 Vi
*
•45%.
15,900
14,200
31 Va
Dec
16
26
28
1
American Export Lines Inc.
Amer & Foreign Power—.'.No par
1,500
26 %
100
99%
101 y2
45%
45%
104%
25%
27%
1011%
*45;
•4
May '
40
34% May
"
European Sees.
Amer
600
5,900
.
110% July
25
Distilling
American
3,300
/
102%
106
45%
102
102
5%
4
4Va
25%
100
100
101'A
*100
5%
14%
40%
5%
108%
28%
•
61/4
mv2 ,14%
43 %
40%
14%
42 Va
.4
108'%
108%
109
281%
•„
40 %
•
41%
4
41%
109
,.v
28%
27%
14%
40% .40%
4%
4
*14%.
6%
6%
6 %i
14%
14%
41%,
*13%
..40%
42% Nov
Mar
321/4 Apr
—1
Chicle—
1st
6%
Amer
Jan
82
69% Jun
Colortype Co
American Crystal Sugar
5.800
28 '/a
2
American
109%
37
39%
34
i
American
2,300
>
21
20
20% Jan
28
—1
preferred
Dec
Feb
Feb
24
—
&
Dec
4'/4
49
24
.i
July
241/4
126
2
,
118
Jan
Jan
No
Cable
&
conv
470
:
20%
22
-24
*109%
110%
331/4
33%
33 %
24
*109%
*109% 110
34i/4
331%
34
34
23%
2 41/4
23%
Chain
Jan
40% July
Apr
2
28
Dec
July
103
Apr
17%
42% Jan
—
Car
107%
par
Radio Corp
non-cum
5%
•
180
'
22%
Am
'
2,700
116%
f
7%
1,700
6% Jun
43% May 14
par
Corp
Can—
^American
15,300
6
22%
Apr
-10
preferred
&
8
$ per share
Jan
105
8
29% May
>
Jan
—5
Co
Shoe
Cable
125% May
19
3% Jan
—50
Corp—
2
Jan
23
par
—1
(new)—.
Preferred
400
51%
.113% Jan
Note
Bosch
American
2,400
114
113
114% 114%
5V4 %
14%
96%
33%
8
preferred
Brake
Amer
92,400
t
97
190
6%
Am
20
12%
*96
191
49% May
Agricultural Chemical.
American
2,200
134
12%
97%
96%
191
43%
*132
13 V4
*117%
131%
118
*131 %
■
1151/4
■
79%
17%
118
118
>116%
20
54 Va
1131%
31%
31%
•
118
*117
-53%
54%
•
79%
12%
98%
191%
111% 113
311/4
-311/4
31%
31%
>
98%
191%
98%
192
191'%
Bank
79%
43%
13%
13
13%
12%
98
191%
53
■
110
110
12%
99
98'%
191%
American
19%
*132
132
132
133%
*132
k
45i/a
451/a
45'%
45'%
132
132
12%
121/4
98%
191
45%
45%
45%
133%
Airlines
79
20%
*132
American
18%
79%
19%
19 %
Amer
9,700
3,500
'
15
2
-50
2,000
/'<
Jun
102% Mar 26
7
38 Vo Jan
No
Petroleum
Amerada
1,200
31
65 %
31
24
99% Jan
—100
preferred
conv
20Va Jan
$ per share
par
No
—,
Amalgam Leather Co Inc—
6% conv preferred
100
•
4%
Mfg
Alpha Portland Cem
18,800
*30%
*30%
■
par
—100
.No
Corp,
preferred.
2,400
6
46
Stores
Allls-Chalmers
10,500
1,400
28%
46
114%
114%
114'%
114
/'■'
Allied
200
1
47
27%
47
*46
47%
*45
115
115
118
119%
28%
5%
471/4
*45
461%
Highest
Lowest
$ per share
$ per share
Par
12,500
100%
*100
43
119%
5%
29%
28%
30
100%
47
48
28
28%
5%
'
47%
119%
120
*28
5%
*79
EXCHANGE
Sharee
$ per share
share
x28%
100%
48
120
28%
28
30%
47%
48
119
28
dliare
per
1011/4
30
*100%
101
119
$
$ per share
S per share
$ per
Year 1944
Range Since January 1
Lowest
Highest,
STOCK
NEW YORK
Sales for
June 29
*
Thursday
'
$ per share
32%
Range for Previous
STOCKS
PRICES
Wednesday
June 26
June 25
June 23
AND
Tuesday
Monday
Saibrflay
Oct
Jun
14%
Dec
Jan
38
Dec
Jun
121
Nov
j
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4399
\Volume
Range for Frevlons
STOCKS
Monday
Tuesday
June 23
June 25
June
$
*■■
'
'/(i
15%
15%
.19%
22%
15%
15%
18%
18%
: 19%
19%
19%
19%
21%
20%
18%
*20%;
20%
20%
20
20%
19%
20
15%
.
>107%; 108
53%
53%,
24%
j
56
54%
24%
54
24%
"54
24%
53%
53
24%
24V4
23%
24%
24%"
24
20%
20%
80%
80%.
81
"142%
81%
60
60
15%
25%
23
y8
25%
'23%
•
25%
25%
"58
59
27%
27%
26%
16%
15%
16%
15
15%
26
26
25%
25%
500
23
22
23
*21
22
240
23
113
*110
113
*110
113
104
*103'/8
"52%
59%
"54%
55%
55%
; ."1271/2
133
55%
"*127
•
39
40%
41%
9%
8%
9%
47%
48%
*46%
43%
26
'V
23%
25 %
38,600
24
49
49
23 Va
22%
23%
*51
43%
43%
42%
*42 Va
5L%
%V'
51 %
29 Va
30
-
••
.
•
59 V8
29%
28
27
27
17%
17
17%
•:
59% '
*59'/a
.
••
59 Va
*55
*123%
16%
16%
16%
17
16%
16%
123%
•■
84 Va
84 7/a
847a
85
84%
85
84%
17
17%
18%
18
18%
17%
29%
29%
25 Va
•25%
30
29%
29%
25%
25%
25%:
25%
68
67%
24%
24%
24%
24%
25%'
-.CO
109%
*108%
109 Va
16Va
17%
66
24%
24 %
*108%
109 V2
17
r-4 0 CO
17%
9%'
9%
82%
:.f'
84
68
69%
'•;."
70 V
18%
18 Va
4%
4%
19%
19%
'V
26%
>;
108%
*108%
17%
16 Vz
16%
9 Va
9 %
82
81 Va
81 Va
10%
10%
*82%
83 Va
71%
69%
70%
69
18%.
18%
10%
82
18%
4%
■'•>:•
110
19%
19%
19%
20'/a
■:K 19 Va
•19%
97 V2
27 'A
20
97 Va
97 %
97%
97 V4
973/4
97%
97 %
27 5;
27
27
27% V
26"-
27
25%
32%
31%
32%
55
54
V, : 27
27%-
.;>•
%
v.
'
.
Corp—
(assented). .100
52%
Jun
8
%
42
28%
27
44% May
8
Mar
26
Jun
51
Jan
40%
Feb
8%
Jan
12% July
^44% May 29
27
Jan
443/a Aug
Jan
7
14%
Jan
22 % July
59 Va Jun
26'
39%
Jan
49 %
Dec
17%
Jan
25%
Dec
14
Dec
129
Deo
20
17
21
Jan
2
45
Jan
2
,,23%
Jan
25
,?
,29 Va Apr 24
17% Jun; 23
12% Mar 27
8 Va
116
5%
Jan
12% July
9
47%
Jan
77%
Dec
7%
Apr
11%
Jun
22%
Dec
20 Va
Dec
Dec
5
pat
lOVa Jan
2
17
Jun
par
74% Jan
2
86% May
par
18% Jun
2
3
26
17
Jun- 16
30
.
18% Jan
47% Jan
24
26
Jun
25
31
May
49%
25% Jun
22
par
16%
1
107
Apr
llT%
Deo
"
68
—1
20% Apr
6
'—
.100
108% Jun
18
111% Jan 30
No
par
...A
'13% Jan
2
18 Vb May 17
100
78
preferred-
.100
59% Mar 27
Terminal-—
'
-preferred
26
Butte' Copper
Byers Co (A M)
Participating
—
—
...
preferred
&-Zinc-
—
2,800
California
14%. Jan
v
—6
pat
Jan
15%
9%
Jun
4
Dec
12 Va
6 /
Jan
83
43 Va
Apr
70%
Deo
9
.,19% May
8Va
Jan
15%
Dec
,109% Jun
12'
6
92
100
J';
Jan
22
101% Feb
23
Apr
Jan
2
...
,
17%
Deo
Jan
96
1
,
No
par
22%
No
par
27% Jan
Mar 26
.
Dec
Apr
25
j
"3% July
Apr
20
28
27 JA Jun
2%
Sep
19
20% Mar
12%
67 Va
4V4 Jun
Jan 22
3%
-
Dec
54
3
72 Va Jan
15
;
Jan
'
106 Vz May 11
-100
.—
—-No
preferred—
Byron Jackson Co——
10
.
Jun 25
84
'
Sep
27
10% Jun
.7% Mar 28
Feb
-
Jan
25% Jun
par
—
■
26
Jan
Jan
Jan
Oct
Jan
125
22% Jan
53%
•
;
22
10"
July
Jan
40%
Feb
55% Apr
1
50
39
24
47
49 Va Jan
120
Oct
53
.<
32 Va May
40% Mar 27
Jan
—No
_Ao
21% Aug
12%
12
26
.
No
__i—
Oct
45
28
9
15
No
—'-
Jan
37% Mar 27
>
,
7V4 July
Jan
Apr
v
*
41% July
13%.JLun
Jan
47
.100
-No
Oct
Dec
10% Mar 27
.15
...
.3%
,■
8
"
Jan
•37%
18
10% Jun
x50
24
Sep
34%
■
Jan
34 Va
.39% Jun
5
17% Mar
Jan
May 29
136
3
;
5% Apr
•
.—5
2.50
3,200
....
i—5
—
Jan
33% Apr.. 5
36 Va- Apr' 5
A
—5
Butler Bros
•:>../- 130
97
*96
114
(The)___——. „lo
'5,700
>
26
33 %
;
Jan
Sep
7,000
4 ;7
18%
45
117
Co
4%%
3%
177/a
4
Nov
61% Mar
433/a Mar 27
100
'
110
*109%
Va
3%
19%
109% May
2,300
18 Va
17%
18%
*109
4Va :' -' ;
4 Vb
-
;••
110
*109
110
4Va
18 Va
V
Jun
Dec
Bush Term Bldg 7%
1,300
68 %
68%
69
6%
140
•
12%
48
Mills'Corp
preferred ——
burroughs Adding Mach
Bush
27
55 V4
5%
100
,
Oct
14
29% Jun
98
Burlington
16,300
14,200
Dec
111% Jun
24
Jan
Watch
Bulova
Dec
20
109
03 Va Mar
Apr
Jan
Co_
•Bullard
17,100
109 Va
16%
9%
83 Va
*1:9
■
4%
24%
18 Vz
V;:
98
*97
110
4%
23%
108 %
10 %
13%
18%
18V4
■
*109
110
*109 %
72 V
64
17 '/4
17 Va
v
3,900
22 %
Jan
14% Mar
88'/a
Forge
Buffalo
16
33 Vz
Wheel
1,600
Jun
23% May 29
46 Vz
95
Co-—i——No pat
Manufacturing
No par
& Stratton—
.•—No par
Budd
25,200
1,100
64
109 Va
v-« O CO
1,450
:
Jan
-
X10S% Mar 26
1:
————
•
•
25%
24 Va
9%
-
%•'•;■
66 Va
71%
■
'•84
-
25
28 V* i 28%
24
24%
837/s
97/a
9%
82%
29
HbV
83
7%
21
22
Oct
-57% May 29
Inc-
Co
7 % '■ preferred.^.
Budd (E G) Mfg
$5 preferred
60,200
■
:,17 Va
''
17%
17
16%
'
67 V*
24%
*64
83
17%
*64
67%
:
84%
25
"
25% :
15 Va
29
•
.
66%
: /
16-'
16%
26
26
23
Bucyrus-Erie
13,200
AO
17%
29 V4
V"
29%
66
;
124
124
83
18%
*29 V2
1.500
15%
15%
84 Va
16%
■•
26%
125
*124
125
123%
18% Jan
Co—-—+-«•Brooklyn Union GasNo par
Brown Shoe Co——
No par
Bruns-Balke-Collender_.i
No par
100
59% •;/
16% Jun
25% Aug
15
Dec J
20
6,900
15%
Jan
28
28%
26%
16%
Dec
Jun
Brlggs
*55
22
130
Jun
Bristol-Myers
"
123 y4
*123
•
51%
Jan
59
700
27%
15%
Feb
105
900
17
27 -■
17 Va
Feb
37JA
3
28 Va
'
59
27 V4
115%
1
27% Jun
26
par
100
Airways Inc—;
Briggs
56V*.
19
61% May
2
51%
-V
2
Bridgeport Brass.
8,400
42
42
Jan
'
66% Julv
26
Jun
146
19
*50 Va
>
29%
V
27
16%
•>25%
41 Va
41%
51%
*50 Va
16Va
Y-v
16%
.
42%
51 %
*57
59 Va
27%
17%
.
123 %
,v
43%
42
43
29%
29%
27 V4
•
42
43%
51 Va
: •V--n
23
Jan
July r
82% Jun
2
13 Va Jan
Brewing Corp. of America
29,100
'
23
20% Jan
Roller Bearing Co—.—.
Bower
20%
Jan
Feb
Maine RR
&
15%
52% Apr
preferred
Co
Branlff
-
12 Va
12%
13%
43 Va
V
,•
17%
16%
12%
13%
51 Va
*51
51%
*51
42%
51%
27
60
V-
27
51%
13%
43% "
43
51%
29%
51%
•V
30
*57
,
Jan
17% Apr
20Va
56%
49% Jan
Stores
Boston
4.300
8%
8
2
48
Dec
Jan
.-•—No par
—
Borg-Warner
11,000
41
40
•..
•
\52
29%
25%
*51
if
43%
43 V4: "
49
24%
43
43%
43%
42%
49
13
12%
'12% '.••
12%
12%
12 %
.
*
•
52
*51
52
*51
52
/
Jan
_#a
Dec
_i-5
Biass__,
class A-—,-—No par
B
Borden
1,000
24 Va
49
23%
48%
22%
;
V:
.
Jan
Jan
Aluminum &
4 Vz %
*:
4,900
42%
*48%
48%
38%
38
8%
9
41%
■
39%
38%
41%
10
%
100
9%
42
9%
9.3 8
'
22
17
Jan
■
49~%
Jan
17
July
—
53% Nov
May
56% Jun
65
—5
15%
x26% May
21V4 Jun
127
.
13
Apr
33 Va
25
8
28
par
No
Jan
,
55% Mar
—5
-No
Co
Ami Co
Bond
1,100
.
42%
41%
41%
39%
;
54% Feb
22 Va Jun
Co—No par
Airplane Co
Class
:
'
9%
Bohn
•Bon
20
39%
39
4i%:
'■}
133
*125
133
*127
12
Laughlin Inc—
Boeing
90
39%
38%
38%
39
133
54
*53
55
*54
58%
58%
19% Jan
Bloomingdale Brothers.
1,200
';%■
>:•
105
104
59%
Blaw-Knox
Bliss &
74,700
56%
56%
58
*58%
6
Blumenthal & Co preferred^
27%
25%
105
55
132%
*128
58
105
59%
55%
*58%
59%
55%
132%
132%
59
104
26%
29%
26%
104
57%
'
104
*58%
28%
27%
%
58
58
56
*110
28%
*103%
59%
22%
113
27%
105
*58%
*123
,
47% Jan
_
share
10%
13
21% Jun
107% Jun
5
Black & Decker Mfg
16,300
26%
27 %
27%
,——100
$ per
10%
16% Jun
22% Jun
106% Jun
dlv series '38_No par
Best & Co——, „—^,——
1
-Best Foods —.a—A
-1
Bethlehem Steel (Del)-——A'o par
7 %
preferred
-——100
Blgeiow-Sanf Carp lnc_:
No par
'1,900
15%
57%
57%
104
•500
58%
*57
700
,
*25 %
26%
■
24,500
,
26%
,
*110
113
*110
,■:<
79%
144
143%
*22%
25%
*22j/4
23
113
•\.
56%
'
"110
■:"•-
58%
59V2
•5,800
20
•
78
81%
143%
4,200
23%
16%
16
16
15%
25
19%
20%
78%
15
—a
Loan—-^-No par
Indus
$ per share
share
12% May
2
18 V Jun 28
10
preferred
Beneficial
$ per
share
12 Va Jan
!;.■ Pr pfd $2.50
*25%
*27%
28"
15%
*58%
2,700
56
23%
23%
20
7,000
•
Co.
Aviation—
BenaiX
Pat
.
t per
—No par
A.--.
—.a
Howell
&
4 % <h
24
23%
*54
:
50
52
50%
143%
143% '
143
60
25%
.
20%
81
144
28
27%
27%
.
/
20%
82%
*142
60
61%
"59%
20%
144
*142%
144
'•<
,
24%
20%
81
20%
80%
24%
24%
20%
24%
24%
107%
24
22%
'
107%
55%
*54
3,100
18%
53%
51%
'■
56
*54
56
18%
107%
107 s,'«
53%'
24
54
:
24%
*54
56
*54
,
^
107%
*107%
*107% 108
108
*107%
20
18
Bell
Highest
_.
Corp
Aircraft
-Bell
1044
Year
Lowest
Lowest
;
■
Belding-Herriinway
50,300
21%;
20
!
'
.•
i.
-1,200
•15,
15
15%
EXCHANGE
Shares
share
$ per
$ per share
*15%
the Week
Range Since January I
Highest
STOCK
YORK
NEW
Sales for
June 2!)
June 28
15%
15%
■
Friday
Thursday
S per share
$ per share
$ per share
share
per
.15%
:
.
SALE PRICES
Wednesday
June 27 *
AND HIGH
LOW
Saturday
c
W
:■%
1%
2
1%
7%
25%
34%
2
7%
25
25%
33%
'•
51
19%
53%
13%
.129
39
42%
'*165
7%
*70
66
67 4
49
49
23%
6%,
111%
18%
17%
17%
*20%
;
67a
6T'a
7
*111%
113
17 Va
19
35%
36
14%
*13%
■•■■
113
*111%
>■.
.
152
151
:
-
*13%
34
34
14
270
22%.
22 %
7,300
6%
6%
17
17%
34%
35%
34%
34%
111%
16%
17%
*13%
35 V4
35
35 V8
34%
35%
11
11
11 Va
11
11%
10%
11 Va
162
160
*159%
161%
32
x32 %
•
14
13%
35
*13%
•;
35
,'
,
13%
34%
10%
*160
*23%
24
110'/2
*66%
24
37
110%
67%
*67
16%
16%'
*16%
53%
53%
110%
66 %
y;
io%:
10%
23 Va
37%
36%
; no% 110%
66 Vz
*36
67
110%
110%
62
64%
62%
.
160
16%
16%
17.
17
17%
17%
17
53%
53%
53%
'52
53%
Sl%
52%
9%
10%
9%
10%
11,500
24%
22%
22%
11%
9%
10%
16,700
,10%
11%
10%
11
10%
11
'23%
24%
24%
24%
23%
24%
1.1%
11%
11%
11%
11%
12
11%
11%
32%
32%
32%
33
32%
32%
31%
32 Va
29%
31%'
29%
44%'
44%
44 Va
46%
46%
49%
43%
49%
43%
49%
43%
75 %
75%
75 V4
76
76
*23%:
23%
23 Va
23%
23%
"
26%
*53
26%
26%
26%
70%
23
21%
21%
1,900
2G
26%
3,800
54
54
53%
53%
58
57%
57%
19%
19
19
Va
17%
18
7%
7%
54%
*57Va
58
58
58
*57%
18%
19
19
19
19%
19%
19%
*17%
18 v4
17%
18%
17%
17%
*17%
7%
7%
■> .7%
7%
7%
■
*34%
113%
35
*34
35
113%
1141%
114%
*34
;
'
*57%
.
7%
:
35
51%
50%
51%
51%
22
22
21%
22 %
*22%
41%
*41
18
7%
*34
113% 114%
51%
35%
113%
52
51%
*53%
1
U
>
*104%
12%
*191
20&
*100
102%
*111%
113
*100
100%
*57%
38%
41%
*148%
18
*33 Va
108%
131
29%
39%
*107
*100
35%
101%
|00%
*57%
38%
59
39%
.41%
42
*148%
155
41%
101%
*101%
For footnotes
see
*186
200
*100
101%
*98
102%
*111
113
111
111
90
51%
51%
51
51
50
50
,400
*107
108
*107'
.108
100%
*100
100%
*107
*100
*57%
39%
42
*148%
36
101%
*51%
108
52%
*107
100%
108
*100
59
100%
*57%
59%
39
39%
39%
42%
42%
155
42%
155
*148%
*■
130
*63
.
.131%
64
101%
36
101%
*100
"
"*57%
59
39%
38%
49
-
*148%
42%.
155
131
132
*63
64
36%
101'A
36%
101%
'.'
36%
101 %
100 :
Dec
8%
Jan
3
57
5
42%
Apr
51% July
15% Feb 20
6%
Feb
11%
52
Jun
Mar 26
55% Mar
'2
130% May
116% Jan
39% Jun
5% Jan
26
Jan
22
37 Va Jan
171
3
47% Jan
15
152
Jan
14% Jan
2
22%
65
Dec
4
Jan
33
Apr
143% July
44 % Jan
Dec
39
,,.54
7
25
5
Jun
5%
•
31%
14
7
Jail
Jun
106
Jan
.11
;
.
15%
Jan
Jun
'
5
21% Jun
13'
17
Jan
19 % July
.24% Jan
10
19
Nov
23
18
23
4% Jan
2
16
115% Feb
10% Apr
13
20% Jun
25
38
Mar 26
Jun
2%
Jan
Mar,.
7%
Jan':
12%
Feb.
37 Va
Jan
24
38% Feb
23
30%
7
Jan
2
11% Jun
7
4%
Jun
'Sep
15
28% Nov
33
161
114
Apr:
14% Jun
8
4% July
Apr
8%
5 '
Dec
Jan
9
Apr,
57
22;
•
July
20%
14
22
Jan
;.
Jan
107
18 f
10% Jan
129
I'
Dec
5
109% Jan
\'
129% Nov
20 Va Apr
7% Jun
•
Dec
July;;:
18% Jan
.
V
Oct
40 Va
Apr
90%
113
.<
Mar
152 V4
,
■
1
'
Dec
8
18% May
.
Oct
119
27
Jun
153
Dec
•
56% Nov
52% Apr
2
127
33 Va
7 •'
27
110
Jun
May
May
j
I
Dec.
Jan
18%
69% Jun
104% May 15
54%
Vi Jan
97
1
44Va May
;
Dec
43
May
7% Jun
2
35 % Jan
,
;'
12% July
27 %
1
2
28
Jun
'
Nov
23
31V*
Deo
134
May
—No par
.'
;
No par
Ry___—i-—25
East 111 RR
Co—No par
*57%
37%
41%
*148%
131
*63%
36
101 Va
Jan
3
14V& Jan
5
17% Jun
2
54% Mar
47% Mar 27
23
:
r
:
Cotton
Oil—,——10
-1——.—-tio par
Chile Copper Co
25
Chrysler Corp—;
—_—5
tChilds
Co—
—No par
-.—No pat
.—No par
—
100
C I T Financial Corp-
city
Ice & Fuel—
City Investing Co
5Vz%
preferred^—
Stores———;
—5
Clark Equipment
—No par
O. C. C, & St. Louis Ry. Co.—_10O
City
Clev
preferred-—
.-100
—
—No par
El Ilium $4.50 pfd
1
100
-50
50
(The)
Clev Graph Bronze Co
preferred
;
RR Co 7%
gtd
gtd 4% stockMolybdenum
1,800
Coca-Cola
Preferred
Class
Co
(The)
A
—
No par
No par
100.
No par
No
par\
_-_No par
No par
Jan
341% Jun
18
22
49 Vz Jun
28
21
76% Jun
22.
19% Jan
Jan
3
!
15%
16 Va
Jan
16
47
Jan
13
Jan
4
3
19% Jun
Jan
4
18% Feb
8
:
4% Jan
2
8% Feb
19
29% Jan
2
36% Jan
18
91% Jan
24
1%'Jan
24
14%
Jan
15'
43 Va Jan
18
105
2
2^
60
2
26
2
Jan
186
93% Jan
17
34% Jan
2
35% Jan
5
Mar
6%
35%
1
Apr
110% Apr
99
3
53% Jan
95
148
;
Apr
57% Jun
40% Mar
44 Va Adt
De4 i
96%
Oct,;
Jan
10%
Jan
Feb
51
Dec 1
Jan
185
Jun:
Nov
Jan
Nov
115V2
Apr
45 y4
.
Jan
Jun
16
106
Mar
109
Jan
12
92
Jun
96
Aug
20 *
6
27
:
52% Mar
53%
Oct
30% May
38% Mar
34 Va
39 % July
Apr
July
Apr
9
151
May 31
145
Feb
152
140
May 31
141
May
5
111
Feb
146 % July
130
62% Jan
2
65
31VaFeb
2
36% Jun.28
101 Va Jun
26
Jan 22
108% Feb
.
Jurt]
90
76
37%
July
25 Vo
31%
-
110
54% May 14
24
44
•'
25% NOV
.
19 4
19
10.5
May 15
114% Feb 27
22
107% Jan
Jun
;
13% May 18
20
Jan
V
21
23V'4Jan
89
Jun
50% July i
53 Va Jun
109% Jan
;
July ;
30
May
98 Va
2
Feb
r
Oct
Feb
2
Jan
i
Jun
6%
Feb
2
49
i
40 Vs
42% Jan
170
19 % July
77%
31
9% Jan
Nov
57
17 Va
117% May 29
20% Jan
Jan
>
65ya July !
21% Deo )
21% July f.
49% Nov :
14 Va May
23 V
1
98
,
Jan
38%
Jan
Jan
25% Mac
30% Nov t.
"Feb
7
15% Jan
16
7%' Mar
:
Sep
19
58% Apr
54
18% Mar
:
Apr
54% Apr
24Va May 29
2
49
Va
43%
:
23
Jan
27% Mar
22
19% Jan
Dec
Dec
9 Va Mar,
Jan
22
54% Jan
14 Va
50%
4Va
Jan
Coca-Cola International Corp No par
Colgate-Palmolive-Feet
$4.25 preferred
Feb
Sep
18
!
46% July
5%
25% Jan
Deo
114% July
Jan
11%
•
24
Jan
Apr
44
.
;
Jan
11
2
12% Jun. 18
18 '
Chickasha
;
27%
•
6 Va Mar 26
Apr
: 108
.
22'
18 ;
Clu.ett Peabody & Co
510
Jun
Jun
2,100
3,900
68
12% Jun
41 Va
36%
29
26
Special
101 Va
16
22
Climax
;20
41
Mar
Jun
22
6,700
64
20
5% Jan
59%
38%/
131
3
Jun
15% Jan
A
Clev & Pitts
155
28 Va Jan
7
25
39
115% Jan
21% Mar 28
110
17%
40
5%
*1000
*1000
*1000
36%
•
Apr 24
Co„-—50
0% preferred.—-——.—___—..50
Chicago & Northwest'n w i—No par
5% preferred wi——
_100
Chicago Mail Order Oo_
.1
5
Chicago Pneumat Tool—
No par
$3 conv. preferred
—No par
Pr pf ($2.50) cum div
No par
Chicago Yellow Cab
No pat
5%
102%
64
page 27.
.1,300
112%
*63
101%
53
*100
*1000
35%
60
*111
!_
35%
35%
'
111%
64
64
>1000
64
V
102%
131
131
.
111%
131
131
132
*62%
108
200
106
52%
200
*191
&
Class-
'
54
*186
200
*100
'210
12%
12%
53
*191
:
3,900
12%
113
•
12 Va
54
Foundry Co_:
1
Lt 4l/2% preferred—100
■
5
Jan
74
Chicago Great West RR
1,500
•
12
12%
102%
51%
*103
106
53%
200
51%
40%
*103
■'
9,300
22 Va
55%
*100
19,200
51%
22
12%
*191
3,700
35
49%
55%
*111%
300
110%
52%
40 Va
105
> 800
:
7%
22%
12%
12%
39
*1000
105
18%
50%
41
50
58
22%
52%
22%
40%
105
56
59%
155
105
12%
*
51%
108
108
y
41%
56
12%
57
*107
*104%
108
*56
*51%
41V4
41%
22%
•200
55
*57%
18%
7%
7%
113%
110%
•
*17%
.:.
88
*33%
114
22%
:*
;
"
41%
13,300
74-
*57%
-
72
71%
26% ,'26%
*54
31,000
22%
26%
55
45%
76%
26%
47~%
15
*•
9.50U
23%
"
26%
*53%
55
,
26%
>•
30 'A
.
75%
23%
Jan
X61% Jan
111
■
*
'
23%
76%
.
Chic
13,100
9%
11
24
\
Agtyrre Assoc—.
Chesapeake *& Ohio
29,200
20%
10%'
,
33%
53
30
preferred
1—
100
Checker Cab Mfg
——-5
Chesapeake Corp of Va
5
-600
17
53%
.
23
21% July
35% Dec
22
6%
1,200
63 Vz
.;
V8
16
10% Jan
Feh
Jan
20
No par
Champion Pap & Fib Co
2,400
53%
53%
4
Jan
23%
118 Vz Mar. 17
11
1st preferred
Chain Eelt Co
500
'
36%
111%
.
23%
„»
23
•
35%
*110%
37%
-
Jan
15%
28
19% Jun 2(5
8
22
38% Apr
24
.48% Jan
—100
No par
1-
Nov
,y
22%
*23 % ,23%
'240
158
158
159%
158
Jan
47
6
25 V\ Jun
Mar 26
21
-No ptir
Copper—.—No par
•Certaln-teed Products—
—1
6% prior preferred.
100
27,700
10%
,
'
110%
67%
110%
110%
37
>23%
37
23%
37 '.>
23%
37
*23%
37%
37
161
160%
160
.10
.
Mar 26
Cer.ro de Pasco
6,800
.
Dec
23
32
Century Ribbon Mills.
600
14%.
34%
Co—J
JCent RR of New; Jersey
Central Violeta Sugar Co—I
1,800
:
,
35
33%
Central
Central
50
Jun
7%
Feb
5
preferred
Central
9,100
13%
*13%
5%
7,400
6 %
111%
6%
113
*111%
18
■
35
6,500
16 %
20 %
17%
.
v
16%
20%
•
33%
200
1%
May
9
31
No par
No par
7% 2d preferred———
100
Celotex Corp
,-No par
$4.75
57
Jan
2
20
Celanese Corp of Amer
300
*
I)
Preferred,
Caterpillar Tractor
v: 5,000
107 Va
(J
■*
5,900
48%
106%
23 %
X22%
6Va
6%
7 V
113
34%
23%
23%
/•'
66%
47
17'A
.*20%
Case
5,800
Feb
%
4
10
50
-1
25
preferred ——;
General Corp—^
4%%
.
30% July
53%
.
Carriers &
:>/••■■•" 20
166
21
16%
20%
23%
*
107
;
Jan
17
23 1
2
Jan
113% Feb
Ry„—100
Carpenter Steel Co
Carrier Corp —L—.—j.
3,800
24%
Apr
Feb
56
1% Jan
class A—1
10
.$3. preferred A-—
Clinch & Ohio
400
••
.
65
•/$
152% 152%
152%
:
41%
40%
'
20%
VV
7%
*163
'
49%
107
107'A
66
—:
Carolina
9;,100
7%
69
48 Va
17%
17%
19%
18%
152
65
%
.49%
17%
*111%
18%
*107
166
<
26%
Mills
Administration
■Capital
30
1,200
*64 Va
42 %
40%
*164
-
Cannon
v240
,39%
Co
Ry
Apr 18
34
,*
6V4 Apr
;
No par
100
—25
No par
-
'Canadian Pacific-Ry
4,800
13
54%
25%
.
7%
21%
6%
111%
69
68%49%
152%
i
23%
23%
23%
23%
*20%
165
■k300
129
39.
67%
7
42 Va
42%
- 165
.
107'4
151%
17%
21%'
151V2
17 Va
20%
67%-
7%
7%
67%
,
*107
107%
152
107%
151%
17'/8
-20%
70%
•
184,400
51%
129
26% "27%
■
Southern
*54
39%-
27%
preferred
Canada
13
.
54%
129
■
$4.25
'•.110
51%
14%
54V4
129
r
39%
49%
67
48 V4
'
*'.• 13%
54 V4
129%
*68%':
'
7%'
43
42%
*165
'166%
43%
52
120
48Va
17%
48%
17
13%
50%
& Hecla:Cons
116 Va
116%
50
17Va
39%
.
•70%
7%
166%
151
•
70
7%
43
107%
:
70%
7
*165
"107
*48%
39%
28
49
V
118
:■
27%
28
66 %
2,000
14%
54 %
*129
«
27%
27%
43%
49
2,100
33%
19
14%
14%
39%
166%
66
f-'
23%
33
7%
53%
*52
54%
129
129
39%
•;:
7 Va
23%
34%
118
"
50 Vz
18%
■
14
*39
70%
118
50%
19%
53
*54%
129
•
118
;
51
19%
>52
14%
1.29%
38% •,.•38%
27%
27%
■
••v:
54%
*54%
55%
129%
7 %'
118
'
Va
'
19
*53
"54%
*68%
34
.
3
20
53
50
—i
Zinc-Lead————1
Copper^—l5
•Campbell "W & C Fdy
—No par
Canada Dry Ginger Ale
——5
Caiumet
14,200
6%
24%
32%
24%
>
preferred—
Callahan
25,100
iVa
24%
7%
24%
33%
7%
51
19 %
13%
7%
25 %
34 %
.•;!•" 5%
10
:.54
1%
2
1%
7 »"■'
'2>::
34
*117%
53%
13%
■.
'
24%
•
118
*49
51%
19
*52%
■■'.:•'•> 1%
;
2
*54
54 Vz
*54
55
>: l%
7%
32%
32%
32%
32%
•>54
34%
118
118
51i%
r
7%
7%
251/a
"33%
"117%
55
*54
55
"54
,/
32%
32%
32%
32%
Packing—
19
59% July
67 Va
jun
23%
Jan
33%
Dec
103% Mar
.108 Va
Jun
•
Jp
20
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, July 2, 1945
JslEW YORK STOCK RECORD
LOW
HIGH SALE PRICES
AND
Saturday
Monday
Tuesday
June 23
June 25
June 26
STOCKS
Wednesday
Thursday
Friday
Sales for
June 29
June 28
June 27
/
the Week
NEW
YORK
Range for Frevioss
STOCK
EXCHANGE
I per share
45
$
45
mi
44%
44%
113
"
112
S
$ per share
per share
112
$
44
*111
113%
*111
\
43
44%
44%
per share
44%
42%
113%
t per share
share
per
*111
113
43%
433%
*111
"
Shares
30%
30%
31%
30%
32%
49%
49%
49%
49%
49%'
20
113
43 y2
43%
43%
44
43/a
42%
42
42
42
42
*391/4
40
39%
40
40
40%
39%
39%
39%
65/s
6%
6%
*106
6%
•
100%
C9%
116%
24%
25
25
25/a
*50%
51
51
51
46%
46%
46 Ma
*105
440
40
950
4%
non-cum
40
150
4%
non-cum
40
39
105
106%
1043/4
IO43/4
101
100
100
116
113
116
24%
23%
24%
*50%
*50%
51
46%
51
46
300
17.
17%
17%
1%
1%
108%
1%
108%
108%
108%
31%
31%
31%
31%
31%
39
37%
37%
37%
29 %
30
36%
38
38
*29%
23%
30
*35
35%
104%
*103%
32
29%
30%
29%
35%
•35%
37
'.
104%
*103%
4%
5
108%
108%
5%
5%
5%
5%
5%
32
31%
31%
31%
31%
31%
12%
12%
12% '
12%
38/8
37%
38%
37
24%
23%
24%
24 %
25 %
*28
29
28%
28%
29
25
lA
25
24%
25%
25
111%
29
29%
-
10%
45%
45%
45%
109
109
13%
51%
11%
35
35
21
45/a
45%
108%
13%
12%
13%
52%
22
29%
28%
10%
44%
108%
12%
52%
12 ;:
53%
16%
*53
53%
19%
18%
59%
59%
*53
19
59%
30%
31%
30%
105%
105%
105%
66%
66%
193%
67
20
*50
16%
53%
19%
19%
60
59%
31%
*1041/4
213/4
50%
*53
53%
19%
59%
59
33%
33%
33%
333/4
32%
33%
Continental
51'%
3,700
11'A
74,500
Continental
10,100
Continental
210
Conv
*195
Corn
104 7/a
104%
900
27%
2 7''%
800
.*31%
32%
31%
32%
103%
483/B
103 3/4
■49
31%
32
20%
31
20%
31
20%
104'%
44 3/8
97
32%
..
19%
32%
32%
33
32%
323/4
32%
323/4
32%
33%
34%
*34%
35
35
35
343/4
343/4
35%
35%
19%
x31
35
150
••;
30
19
*145%
*145%
'
*145%
150
7%
*34%
*105/2
37
138
■
128
•'
"Jstt
•
35
143%
15
1393/4
21%
*120
29%
28%
7
.
136
71
6%
22%
127
138
69%
.71%
63/4
123
138
7%
6%
24
22/a
*120
127"
21%
-
,
28%
29%
27
3/4
28%
17
*163/8
173/a
16%
22'%
*118
16%
27
27%
15%
600
7:16 3% May 18
Jun
26
44%
30'/a Jun
60
58i% Jan
6
1053% Jun
4
195% Apr
93% Jun
52%
25
2
253% Jan
5
104% Jun
29
24
•
3
2
Jan
Jan
Jan
133% July
Mar
Jan
52
July
253% July
Jan
57
Dec
613/s
Oct
5
68'% May 10
2
XI82'% Jan
103%
Dec
33% May 22
21
5
Apr
5
Jan
183%
Feb
104'%
Jan
Jan
1843/4 July
73% July
1% Jan
1
6
28% Mar
5
110
2
Apr
173'%
May 28
,
34% Jun
5
Aug
273/4
Jun
111
Oct
20
Jan
25% July
Jan
32
28% Mar 26
41
Jun
14
163/4
par
37
Jan
6
463% Mar
7
273%
Feb
47
Jan
18
513% Mar
7
45
Jan
39
Aug
49% Aug
203% Jan
22
25 ya
153%
Feb
22'%
3
102% May 10
35% Jan
2
87% Jan
105:
100
Jan
373% Nov
28
69
Jan
89 %
Dec
29%
Dec
19'%
Dec
Jun
343% Jun
18
14
147
20%
Jan
113%
Feb
105
Dec
Jun
7
2
343% Jun
5
223%
Jan
293% Mar
10
35 3/8 Jun
28
22%
Jan
30%
105% May 24
108'% Jan
19
Jan
28
31
1221% Apr
59»% Jan
'
26
Jun
22
41
7%
Jun
28
43/4
Jun
7% Nov
jun
28
143%
Jun
19y4 Nov
123'% Feb
21
24
6
12 3% Jan
109'% Nov
Jun
7
7
25% Apr
Dec
Dec
71%
2
Mar
120
Jan
144
5% Aug
97
Apr
140
6
5% Jan 22
No par
Jan
101
May 18
163% Jun 26
16
18 s% Jan
112
38
Mar 26
9
.1
pfd
Jan
x22% Jun
29% Apr
A—!
973/a
28
Mar 26
16
25% Jan
—.1
1
26
25% Mar 27
;
Dec
Feb
103
2
—30
——
—5
i
May 29
Dec
49'% Jun
23
Cutler-Hammer Inc„
3,000
15%
;
Dec
19'% July
48
145% Jan
Cushman's Sons lnc 7%
31%
12'% Aug
38%- Feb
52 3% Mar 27
preferred——....100
Drug Stores Inc..2.50
Class
19,500
128
Apr
7
26
25
—100
Curtiss-Wright
24'%
Mar
Jun
1031% May 21
(The)
.—No par
$7 preferred—
No par
Prior preferred.—
No par
140,000
Jan
Jun
Curtis Pub Co
500
7ya
■
lnc
Press
33 '/a
15%
Cunningham
270
70'%
Packing Co.
4'%%
300
61,200
>
136
*67'%
Cuneo
"20
35
16%
*71
213/s
*120
29%
34
143/4
Cudahy
400
107
34
16%
6%
21
•
128
29
71
6%
*1053%
37
1393/4
140
71
107
*105%
35
16 %
*34
163/4
139
107
*105%
37
16%
6%
21 %
*120
29%
29%
'■
21
21%
*120
*34
71
6%
107
*105%
16%
139%
71
..6%
.421.
■
138
71%
'6%
v;
37
15%
138
*71
107
*34
-
15%
15%
'■
,107
107
*34
2,600
Sep
47
—.10
,7
Dec
26%
12
No par
Sugar...
Dec
93%
1
Mar
37
49'%
Jan
22
■7" 3% Jan
.
preferred
36
Jun
5'%
28
Amer—___No par
Cuban-American
...
31'%
of
13 3% Mar
41%
22'% Jan
preferred.————.100
Cuba RR 6% preferred
—,100
•
32%
Steel
.
8
25
123% jun
53% Jun
5%
2,600
1,410
14,200
150
*145'%
Crucible
May
par
No
preferred.—u7
Zelierbach Corp
$5 conv preferred...
11,700
<98
29
20%
150
$2.25
May
10
2
No par
No
Crown
Feb
5
16
2
(The)
Dec
Mar
53
100
Cork Si Seal
Crown
10
1123/4 Aug
43'% Jun
2
1
(The)
293%
Oct
5
25
preferred
32%
Dec
Dec
Nov
Jan
1
conv
5
Jun
58
2
Feb
73%
22
14
,
20
24
24
112
.
105'% May
12'% Jan
25
Corp
17
49% Jan
100
:
4
13
Feb
.17% Mar 26
..20
100
Crosley Corp
360
46
Co
Co
5 %
7,100
..
•
30
20%
*1033%
103
*145%
150
Jun
13'% July
Jan
47% May
24
16
7»———5
Cream of Wheat Corp
100
22%
48%
97
50
22 3/a
104
45
102%
*48
Trust
Refining
Internat
28
23%
Products
Coty
3,500
102
Oct
6'%
30'% Nov
47% Feb
—50
Works
Jan
Jun
109% Jun
3
7. 29% Jan
par
Corp—1
Preferred
11,800
49%
108%
Aug
143%
102'%
11% Jun
2
7 30%
12
23
114
6
Jan
15
21
Feb
30% Jun
6
83% Jan
5
series
Bank
Crane
105
50 ./•/
No
Electric
Glass
2,900
37i%
102%
6
26% Jun
2
46
~5
;
preferred
9,900
4'%
32
Del
lnc
41%
48
14
:26% Jun
30
,771
Co..
5%
Coty
36
102
20%
Corn
3,500
4
Exch
3!% %
30
8 3%
Steel
pref
Corning
2,300
1953%
8 3%
8%
of
Cornell-Duhilier
550
41
48%
20%
58
373/4
101%
20%
58
Oil
Copperweld
6,600
433/4
47%
Jan
5
1073% Apr
10% Apr
—.10
Motors
No par
4,400
37
101%
73/4
115
25
Jun
37% Jan
•<7
No par
20
51
31'%
*
5
Cooper-Bessemer Corp___
$3 prior preferred..
20
50'%
4%
22
Fibre.—.
Continental Steel Corp..
33
*48
108
No par
—
Diamond
1,000
27%
49
261% Apr
8% J an
100
32'%
*104%
23%
20
No par
34
41%
47%
Jan
20
34
38%
101%
150
$3.75 preferred
18% Mar 26
24
32'%
-
43%
47%
Jan
16%
14'% Mar
18% Jan
Continental Insurance.:
11
43/a
23%
Feb
Jan
2%
333% Jun
108»% Jan
.20
51
373/a
*47%
21 '/a
1023%
25% Jan 72
100
lnc
Continental
433/4
103%
Can
500
39
101%
>20%
5,800
38%
23%
25
16
25
44%
28
49
Jan
No par
Container Corp of America
Continental Baking Co
8% preferred
105
104
pfd
pfd
1,200
27%
23%
6%
$4.50
3,900
105%
*47%
Cuba
9,700
27%
*103%
24
113/4 May 18
5
Coal Co
103/8
4 4'/a
195
32
28
of
6,800
4%
47%
28
No par
12%
8% /
195.
105%
RR
Consumers' Pow
150
66'%
23%
Corp—_
pfd
conv
Consolidation
4,900
65'%
4%
*145%
10,500
66 %
66
33%
.
223%
25
1113%
67 %
103%
4'% Apr
No par
,
32% Jun
1093% May 23
6'% Feb
2
2
xl06'% Mar 28
—1
Oct
66%
9
47%
24% Jan
par
No par
Dec
67/a
23%
No
_
43/4 July
253% Oct
Dec
100
103%
Dec
■
25%
$1.25
Consol
5,600
195
47%
103
Feb
19
Jan
30%
23%
Jun
31%
5% Jun
18'%
105 3%
103%
95%
2
33/4 Mar 23
28
301/a
23%
Dec
104'% Mar 10
Jan
101
'
...5
28'%
59 y4
8%
*47%
31
Jun
293% Jun
1053%
103%
Jan
38
1,700
303/4
*43
20%
2
293%
1053/4
43
Dec
28
29'% Jan
293% Nov
323/4
30%
39%
29'%
.
20'%
♦1053/a
*4%
42%
Dec
Jan
Jan
150
*193%
43%
26
21%
333% May
Jan
10,400
4%
39%
Feb
5
26i% Mar 31
par
11'%
19
9%
42%
Jan
8'%
24
303/4
105
Jan
243%
21
1053/4
28/a
79
28
30%
105/a
28
31'% May
8
393% Jun 16
12
Jun
163%
43/4
39
1093/b Jun
2
Jan
Jun
53
9%
28 %
24
89
Jun
40
18 3%
4%
105
Jan
l'/s July
95% Dec
26
15%
9%
28
183/a
Feb
3
53
4%
105%
Apr
%
24
16%
9/a
38%
14'%
17'/4 Jan
20%
*193%
28
16
26
31'% Jan
533/4
4%
105/8
Laundries
Oct
3% Feb
.15
183/4
9%
33
Consol
Dec
Jun
108
1% Jun
2 8 3/4 Jan
No par
partic preferred
49%
43'%
Feb
2
22
No par
preferred
18
105
U Jan
15'% Mar 26
25
.No
21
7--1
1053/4
195
77
13
27
51
Gas—
31%
*193%
Co—,
Jun
473% Jun
108% Apr
2
Jun 26
Natural
.'..53%
193%
.
Jan
Jan
Vultee Aircraft
20%
9%
195
Jan
24
39
Consolidated
51
*4%
r
39»%
37%
47 3% Jan
105
Consolidated
1,600
105%
67-
par
4,200
,
31%
67
Dec
Dec
38,000
y
16
■
20%
59%
■'/•:
$2
*104%
.
23
—No par
12
11%
21%
; 163/4
.
Apr
__10Q
Edison
52
X51
12%
50
/
16'%
108'%
33%
51%
14
15
97%
■>
12
*106
35
22
25% Jun
Jan
10
108'%
34%
15%
21
No
12'%
32%
51 %
par
preferred
13
35%
21%
Dec
101%
108%
13%
33%
16/a
Feb
98'%
No
Jan
243%
28'/a
45%
108%
35
53
93
Feb
108'%
10%
33
21%
Feb
84
37%
21%
109
35%
16
70
13
29
293/4
10/a
108%
33%
21%
76
28
Jun
12
23%
:
34%
53
May 31
Jun
125
84
37%
29%
32%
16
107
101
9
7'
•
133/a
,
:
5'% Mar
2
Consol
3,500
31
Deo
27
...
$5 preferred—...
Film Industries
1,500
Dec
Jan
Consol Coppermmes Corp
Consol Edison of N Y
2,000
5
•
30
23i%
33%
21
59%
29%
■
30
12/a
,34%
53
53%
29,500
106 %
90'% Jan
4
Jun
29'% Dec
953% Jan
100
No par
& Southern_.No par
preferred series
No par
$4.75
50
7
2
•
Jan
Dec
par
Credit
Commonwealth
'
43%'
38/a
*34%
15%
19
31%
303%
106%'
7,
4'% Jan
.
Commonwealth
13,000
/ 26
1083/4
12%
*51%
*53
43/4,
32 %
45%
53
12 /a
,
1043/a
31%
■
7
1033%
;■• 4'%
106%
12
108%
45
52%
33
*
;
.:
113/4
26 y4
.
.—No
Co
Consolidated Cigar
24%
'
Deo
2,700
111'%
10%
35%
38'
25%
293/s
25% Jan
3% Nov
363%
112%
108
26
Congoleum-Nairn lnc
25
.
40'% Jun
3,200
112
:
Mar 27
293%
25%
10%
Dec
31
293/4
1-11%
30
353%
Conde Nast Pub lnc
24%
108%
11%
11%
23%
109%
13%
52 %
51%
'33
29%
23%
26% Jan
1,200
111%
10%
109
13%
29%
26
3,000
25/a
108
45%
*108-/2
13%
33
10%
108%
24
40'% Jun
13,700
37%
25%
Mar 26
37
111%
29%
29%
10%
108
108%
24%
111
111%
29/a
10%
*108
25%
11%
37%"
24%
,
12/a
27'%
31
31%
30%
24%
Jan
1083%
5%
37%
Jan
13
37
5
31%
12%
12'%
20
31%
'
31
X106%
29%
23%
25%
25%
*111
31%
20
46'% Jun
107 3%
4%
32%
108%
50'% Jun
46% Jun
2
38
104%
Dec
2
31%
4%
Sep
116
Apr
23
109%
:
Apr
Jan
Commercial Solvents
$6
Feb
143/4
253/4 Jan
1%
19,300
109%
28'% Jan
17%
724,400
9
115
38
28
preferred
Pictures.
conv
Jan
323/a Jun
$ per share
100
1st
preferred
4'%%
253/4
2nd preferred—_100
Carbon
Commercial
Highest
per share
16
1$
"19
1 3%
:
6
45 % Jun
2
23
16 3/4
1%
*103%
,
5/4/5%
38%
23%
32
12%
387/B
5
108%
31%
*12%
.
104
4%
32 %
32%
108%
5%
.
/
5
•'
32
108
*103%
104%
17%
1%
30
35%
108
32%
108
'
29%
4%
5
108
36
*35%
104%
4%t
.
*37%
62.75
4,400
105
17%
31%
400
45
1%
109
51
Columbia
$ per share
23% Jan
preferred—.—.
Columbian
2,900
*103
17%
38
24
*503/4
5%
500
47
1%
31%
,
105
17%
*108%
'
Year 1944
Lowest
100
_
200
•
7 :
46
1%
38%
1,100
''
*103
47%
105
*103
23
23%
17%
31%
98,100
116
110% Jun
No par
!
Fuel & iron Corp.
& Southern
343/aJan
Columbia Bra fays lnc ci A
_2.5U
Class B
%
;
2.50
Columbia Gas & Elec_,
No par
6% preferred series A
100
2,100
6%
■<
100
1%
109
39%
7
63/4
$ per share
No par
«._10()
Colorado
2,500
100%
17%
109
:
38
7
1%
31%
*37%
38%
/ 383%
39
6%
17%
'
*381%
Colo
30,800
119
100%
47
40
40
39
'•:
7
106%
106
51
41%
40
39
•
39%
*116
105
■40
42%
42
6%
24%
46%
105
47
,
100
*50%
46%
105%
*105
106
30%
47
40
118
24%
29 3%
49%
"
39%
106%
99%
*115
31%
48
42%
7
106%
99%
116%
117%
28%
49
*40
40 Va
40
6%
'*106% 106%
107
*99%
*116
40
32%
48% '
43%
*42
31%
■
Par
.
Collins & Aikman.._.
5 %
conv
preferred,
1,800
'
30 Va
*48 Va
'«
:
Range Since January 1
Highest
Lowest
■>,
,
12
30% May
I-
Apr
1143%. May
21'% Apr
7
11% Aug
140
July
61%
Dec
127
Nov
28'%
Dec
D
*16%
19
18%
*111%
'.
*37%
*16%
18%
45%
44
16%
18%
183/4
19
*18%
18%
*111%
113%
*44%
.
16%
16%
112%
*1113/4
112
111%
111%
45
45
44
44%
45
45
44%
44
*44
44%
37%
*37%
38
37%
*23%
24%
24
1
37%
24
24
45
44%
44
44%
*37'/a
18%
42%
38
Chemical Corp <The)_ ...1
Dayton Pow & Lt 4'%% pfd—, .100
20
600
433%
Decca
Records Inc.
Deere
5,800
-
&
Co..
—.
55%
56
56%
56%
56%
15%
15%
16%
15%
24%
57%
15%
16%
23%,
*72%
47
23%
23%
75
.
37%
*72%
48
24%
55%
48%.
48%
23%
25%
47% May
5
36%
Apr
45%
Jun
35% Jan
38% Mar 26
32'%
Apr
36%
Oct
Delsel-Wemmer-Gilbert
..10
par
32%
16%.
*22%
166
57'% Jun 18
23%
223%
23
10,200
Detroit Edison—
21
Jan
2
67
Jail
36
23%
X23
,
*73
76
46%
46
243%
60
29
29
48%
48
48%
23%
23
23%
253/4
263/a
25%
26
114
32%
17%
17%
23%
*22%
166%
116
18%
23'%
27%
27
,100
27 y4
48
48%
48
48
23%
22%
23 '%
22'%
23
26
26%
91%
1393/4
*112
33%
32%
32%
193/4
128 3/4
23%
128%
*115%
18%
18%
23%
167%
18 %
1163%
187/a
.
139
114%
167
X24%
90%
139%
18%
23%
■
88%
26Va
93%
:
24%
85
Class
16%
173%
18%
'
20O
165'%
4,900
127
*127
128'%
116
115
115%
180
127%
127
115%
116
>115%.
18%
18%
613%
183%
171%
18
60 %
62%
613%
63%
59%
63%
583/4
61
243/4
25%
243/4
243%
23%
243%
22%
22%
1793%
1793%
179
179
1793%
178y2
197
197
198
179
198
*195
$4.50
Duquesne Light 5%
18
179
179
2,100
1,100
Eagle-PIcher
Eastman
Kodak
Co.'
*196
200
196
196
6%
140
cum
59%
59%
60
581%
59%
1,900
27
263%
27
26 3/4
27
3.500
9%
10
10%
9%
10%
6.200
Elastic
9%
53
15%
533/4
53 y2
533/4
53%
10
53%
53i%
53%
521%
533%
51
16%
16
163%
15"%
2,700
Auto-Lite
15"%
513%
Electric
16%
161/s
153%
16
Sep
18
Jan
2
24% May
2
..No
6%
6%
15%
61%
63/8
11,000
Electric Power & Light
6%
63%
6J%
8%
6%
6;%
8%
4,100
62,800
1283%
1293%
129
130
1271%
1301%
1263%
127%
3,900
121
121
121
120
121
1183%
120
1,600
8
7%
8
8
8
Elec Si
Mus Ind
$7
—1
12
par
,.20
155
$6
121 V*
121 y4
120%
47
46 3%
46%
463/8
46%
463%
46%
*451/4
46
"453/4
45%
600
Electric
4C
39%
Storage
393/4
Battery
39
39
383/4
38%
38%
38%
*37'%
38%
600
El
Natural
26
263/g
26
263%
26%
28
26
28
273/4
36,900
22%
23%
71%
*106
For footnotes
see
233/g
23 3/4
71]%
107
page
*70
*106
27.
233/4
72
107
4
22%
*70
*106
23%
72
107
-
22%
*69%
106
233%
71
106
253/4
9?
*69'%
>106
Paso
Emerson
Electric
2.800
Errierson
Radio
71
300
Endicott
Johnson
107
10
4%
preferred
273/a July
in3/*
May
Apr
131
Jan
17
1063%
Jan
113
Aug
72'% Nov
::
193% Jun
25
26
5
Jan
8% Apr
>11% Feb
143%' Nov
20'%
Dec
137
Feb
162'%
Jun
1253/s Jan
9
129
Feb
1
123%
Jun
128'%
Dec
100
1133% Jan
6
117
Mar
0
113
Dec
1203%
Jan
13
Jan
22
19'% Jun 21
10%
Feb
14 y8 July
39'% Jan
22
63% Jun 27
33
Apr
41
5
—No
18'% jan 26
par
174
100
Jan
22
251/4 Jun 21
6% Jan
30
183'% Apr
157
Jan
195
Sep
185
Jan
6
200
Jan
2
175
49
Jan
22
61
15
31
May
May
41
213% Jan
8'%
37%
10
Apr
12i% Mar
8
42% Jan 20
54% Jun
8
14
17»% Apr 28
—.1
—
8'% May
Jan
51% Mar
3
20
9
7'/« May 11
16 3%
3%
Dec
Dec
178
4
7
9
1
25%
Feb
2
Jan
Dec
52
Dec
24'%
Dec
Dec
15'%
Sep
Jan
453% Aug
153% Dec
May
Jan
61%
Oct
No par
No par
2
8% Jun
28
109
Jan
3
130'% Jun
28
103
Jan
3
122'% Jun
16
78
Apr
Apr
50% Feb
16
393%
Apr
47% July
May 7
29'% Jan 18
273%
Feb
343% Nov
Gas
23%
Maf 21J
21% May
47
9
33% Jun 25
6
203% Jan
18
May
—No par
preferred
122
71%
Apr
953% Jun
4
Am shares
preferred
*46%
107
27
Mar 26
172'% May
(The)
*39%
71%
65
2
Stop Nut Co
*121%
*22a%
4
26'% Feb 23
Jan
Boat
6%
15%
Electrio
P'4
10
Dec
Nov
3
9%
93/4
105
203%
Eaton Manufacturing Co
Edison Bros Stores Inc.
*106
Jan
Apr
49
preferred
591%
253/4
33'%
95
Jan
-
27
253%
9
i
27 Va
7%
26
Jan
10
60
8%
Jun
Mar
15'%
Corp
273/8
129
•60
109
433%
Co
Stainless Steel
591/4
,
22
25
1
Eastern Airlines lnc
Eastern
59%
8
2
:
Jan
Jan
Sep
173% July
38% Dec
6
1st pfd
27%
128
„
;
No var
59%
8
X273% Feb
16% Jan
38
105
42
Feb
preferred
27%
93/4
130
38 V4 Mar
Jun
Si Co
59
7%
46'% Jun 28
26 3% May 5
49
.
(E I)
27%
130
4
Oct"
29
50c
:_
Nemours
59
6'%
40% Jan ;
65
Mar 20
Internationale
de
P
27%
10
Dec
1143% Jan
Du
17,800
243/4
178%
Oct
35%
2
Duplan Corp
4,900
61%
24%
197
41'%
Jun
'
60 3/4
203
Jan
28%
110'% Jan
800
1273/a
221%
Feb
29'%
3
No par
Dunhill
10,300
.
22'%
163
52
23
143
30%
18%
2
Jun
38'% Jan
17% Mar 26
$4 preferred series A__^
Dresser Industries
23%
Jun
48
6
4
200
166 3/4:
72
23
22'% Jan
32%
*23!/4
31
122% Jan
114'%
165
Dec
Jan
No par
*111'%
47,200
Dec
9% Mar
21'%
33% Apr
/.
.No par
No par
Dow Chemical Co.—
167 3/4
Jan
Mines L'td
Dome
5,900
700
167
18%
27
...5
138 3%
31
'
23% Jun
47
Corp
114%
30%
37%
Jan
.No par
—
*135
24%
178
A
139
'59%
178
..23
223/4 July
Jan
5%
Douglas Aircraft
10,900
89
par
preferred
Doehler-Jarvls
8,400
253%
No
.100
preferred—.—
Cup Co——.No par,
Dixie
380
*23%
*198
partic
5%
,
1,400
:■
Match—
Diamond T Motor Car CO—
—2
Distil Corp-Seagr's Ltd.
.No par
4,200
14,100
27%
*113%
*223/4
116
18 Va
6%
500
107
28%
,
Diamond
551%
22%.
543%
*105
48%
114%
18%
23%
116%
24%
56%
1,900
46
23
32%
166%
*116:-
45
105
Detroit Hillsdale & SWRR Co. .100
DevoC & Reynolds A
No par
Jan
17%
10% Jun 25,
19
7% Mar 29
..20
2,060
,
373%
28%
*113%
33%
18%:
123
23%
54%
105
47
48%
•
91%
923/4
1393% 140
140
114
33%
24%
59
107
"
"
93
*139
57%
*105
29
93,
140
24%
>
45
*37
V2
900
76
*733/8
49
*127
18%
17'%
341% Jan
461/2
167%
128% 128%
.
26'% Feb 19
Delaware & Hudson———, .100
Delaware Lack & Western..
..50
;
37
23%
114
*113%
22% Mar 27
9,600
36%
107
24
70,200
45
58%
Oct
39% Mar 29
..20
—
14'%
373/4
243/4
41'/a
233%
47
*105
Jan
543%
37%
58%
21%
23'%
46
24%
Oct
Apr
5
13i%
24
37%
107
3/4
May
5134
76
*45
48
56%
*73
50
9
15%
46%
*45
16
113'%
23%
36%
'48%
92
i
23%
Jun
Dec
13%
46
29
25%.
91%
*139
;
Jan
13'% Nor
13 '/a
109%
53%
37
*105
29
23%
23%
75
33
6% Jan
8
Jun
15%
48
55%
107%
29
.
113
...1
5
15
19% Feb
10
24%
.:
48
24%
24%
%(
23%
*73
15
193% Jun
8
Jan
56%
56%
37
47
47
*105
23%
75
.
*45
37%
*44%
,
—No
16'% Jan
110
——....
Preferred
100
38
*37%
—8
Davison
5,600
42'%
42'%
44%
*37%
17%
1113%
*111 :
45
43
38
17%
1113/4
'
24
54
17%
*111
Davega Stores Corp
No par
Mfg Co
Phonograph
Corp
3
—4
5
50
100
3% Jan
443% May 22
34 3% Mar 21
22'% Jan
9
20'% Mar 27
62
Mar 26
104'% Jan
3
40
25
Mar
Feb
5'% July
114
Dec
103%
Dec
15
Sep
223%
Dec
573%
Jan
68%
Dec
10134
Jan
108'%
Jun
6
71'% Jun 23
107
*31% Nov
81'%
26
r
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4399
162
Volume
7
LOW AND
June 27
$ per share
26
26%
102% 102%
106
*105
106
26%
27
103
*102%
103
*105%
108
*105%
108
263/4
106
108
*106
/ 106
-
1%
19%
:
•
13/4
'
13/4
1%
19%
20%
83%
19%
84Va
-
83
*89%
•*89%
■;
95
,
..
95
1
15%
153/a
14-%
20 3/a
///'• 19 3/a
20 Vis
19%
533/4
53%
54V4
54%
54%
54
543/4
:
/
1%
17%
83
95
84
7
■;
*
7
•
Erie
KB
Eureka
18%
5,100
Evans
523%
3,600
Ex-Cell-0
67/a
*6%
6%
200
Exchange
14%
14
i
*:
Products
4
273% jun
14
5
105
Jun
5
87
Jan
104
Dec
Jan
5
106
Jun
6
89
Jan
105
Nov
104
/ Feb
1
107
Jun
7
92%
Jan/
107
8% Jan
1
Dec
Dec
l3/4
Dec
2% Jan
20
%
20% Jun
22
97/a
Apr
Jan
14
Dec
—100
50
—5
9
—3
68% Jan
19
84% Jun
26
46%
Jan
70
Deo
86
27
89
7
78%
Feb
84% Aug
13% Oct
Cleaner
Vacuum
6,800
18Va
52%
17 y8
Jan
100% Jan
12
Erie & Pitts RR Co
54%
Highest
# per share
12% Jan
pref series A—
5%
I per share
No par
common-
20%
*6%
6%
6%
7Vs
6%
64,800
1,600
95
*89%
'
7%
14,900
13/4
18%
$ per share
102
Service
—1
No par
preferred—n__
No par
$6 preferred
;
No par
tEquitable Office Bldg—No par
-14%'
20
533/4
15Va
■
16
1944
Lowest
Highest
t per share
$5 Va
51%
15
20 3/a
*7
">..-
Engineers Public
$5 preferred
18V4
153/8
20%
15
108
50
■
Lowest
Par
141/4
15%
20 Va
■
30
84
*89%
350
108
193/a
84
19%
95
21,700
103
*105%
l3/4
18
841/4
*891/4
106
1%
25Va
24%
102%
108
106
,
l3/»
19%
84%.
*89%
95
106
share '
Year
Range Since January 1
Shares
*1051/2
102%
*105%
84
20Va
4195/1
/ v 841/4
"
*82
•
1%
1%
1%
102%
v
<:
27
25 s/a
26%
263/a
*102%
106
106
106
share
$ per
$ per share
1 per snare
$ per vnare
103
26%
*102%
106
Range for PrevioM
STOCK
EXCHANGE
..
"
'
$ per
■
the Week
June 2!)
June 28
NEW YORK
Sales for
Friday
Thursday
:
Wednesday
June 26
June 25
June 23
STOCKS
HIGH SALE PRICES
Tuesday
Monday,
Saturday
Co
Corp———.——
1
May 21
Jan
11% Jan
Jun
6%
2
15% Jun
15% Jan 24
213/« Jun
22
9%
Apr
Apr
17%
Dec
42% Jan
24
573/4 Apr
28
21%
Jan
47 Va
Dec
Jan
2
5
27/a
Jan
6%
Dec
Dec
6
Buffet Corp
—2.50
& Co
No par
4 2 3/4 Jan
2
20
25 Va Jan
73/4 May
4
12
■
*
53%
53%
30%
31%
31
15 3/a
15%
15%
*22
22
*21 Va
Va
53%
54
53%
53%
5il%
53%
51%
52 Va
313/a
30%
313/a
30%
30%
29%
303/4
29Va
29%
6,300
'1-53/4
15%
15%
15 s/a
16%
15%
16%
15
15%
38,300
21%
22
21
22
21
21
1,500
*106% 108
30
'
53
53
22
22
107
22
107
.
*106%
107
*37%
38
*37%
38
*28
28%
*28%
28%
107
12 Va
12
*37'%
105%
28%
108 Va
*108
*47%
*46%
39 %
9 Va
68%
20 %
65%
39%
193/4
39 Va
'
1,900
700
26%
12
.
16,600
28
3/4
28%
54%-
54%
X53 %
633/4
63%
62 5/a
108 Va
108 Va
-.
109
47%
47
475/a
*109 Va
%
463/4
47%
471/4
39 Va
40
293/4
40
40
10%
10
10%
8 5/a
73%
74%
70%
733A
9,000
Flintkote
200
1,000
9'/4
15,200
/
71
68
$4
290
*26 Va
27 Va
5%
930
17%
17%.""
39 %
39%
39%
121
*120%
'
,
7 Va
7%
18V4
181/4
18%
16'/a
16 Va
16%
16%
16%
19%
19%
19V4
19%
19%
*68
9
28
*68
70
*68
71
9
8%
91/4
9%
*28 V4
28 Va
28%
%
28 Va
*59 %
61%
60
60
16 %
16%
16%
16%
*55%
:
9%
55V2
56
25
25
12
12%
*35
% '16%
163/4
16
16
19%
19%
19
19 Va
9%
28%
26%
24%
12 Va
11 Va
11%
351/4
33%
138
30
30%
*169
171 Va
139
45%
4%
147
139
132
31%
*169
43%
44
46 V«
46
4%
4%
*148.
147
136
132
*131
35'%
139
137
32 %
1711/2
*169
43%
46Va
46
4%
4%'
150
148
138
138
132
131
69%
69%
1281/4
128%
61%
61%
61
17%
17%
lft V4
18
28%
28%
15%
*106%
107%
''15%
*106Va
107%
*106%
171%
KO(1
20,000
132 Va
*31
171%
*169
1713/4
42%
43%
46 Va
4%
♦145
4 Va
142
500
130%
68
69%
18%
28
*106%
107%
27
28
14
15 Va
183/4
15%
17
128%
'.V
2%
34 %
2%
3
34%
34 Va
107%
3
2%
35 Va
351/4
4%
~4%
4%
41/2
25%
2534
4%
23 Va
23 %
23 Va
*33%
33%
112
*105
23 Va
32 Va
34
34
34
112
*105
33%
33
33 Va
♦105
"
26
*233/4
110%
33
32 3/4
34
33%
112
*105
30 V4
30%
31%
30%
31%
*107%
108%
*1071/4
108%
•107V4
108%
17 Va
*99 Va
17
17%
99%
17 V*
100
99>/2
lfi3/4
100
4%
113
30%
►
Y
26%
112
114
113
115
■
35
30%
108
*196%
/
3
5(*>
,,
173/4
27 V4
27 V4
2,300
143/a
20,400
2%
3
3%
34%
31%
*130
~4%
*130
"4%
4%
4Va
107%
12,600
3
25%
24%
23%
223/4
110%
113%
32%
33
33%
335/s
112
*105
32%
/:
33%
112
32%
*105
29
31%
29 3/a
*108
1083/4
*108%
31%
108
111
33
16%
17
16%
99%
99
17%
15%
100%
X97
27%
273/,,
25%
27%
25%
*97%
98%
*97%
98%
*97%
30%
30
30%
29 Va
293/4
*54
56
55
55
56
54%
54%
*54
4%
4%
4
Va
4%
4Va
152
152
30 Va
152
30%
61
62%
62
103 %
*103
55%
55%
4%
4%
152
152
30%
*103
*54%
31%
30%
63V2
,
61%
103
103Va
55%
57
56%
*108%
109 Va
109%
109%
19 Va
19 Va
19%
19%
1083/4
20
27
4%
152
*150
30%
30%
63%
61%
103
103
57 Va
563/4
109%
109%
20
7%
7%
7%
8
7%
8
5%
6
5%
6
5%
20
6
*24
25%
25 Vt
25V4
18%
18%
18%
51j/4
51%
49
50%
*22 Va
22%
221/4
*25
22 %
16%
18%
18%
:
16%
16%
54
54%
541/a
31%
30%
*170
79
*60 Va
*171
172
*71
*71.
v
*102
*108%
:/
20
8
7%
7%
6
5%
5%
25%
25
25
183/4
18%
17%
183/4
*24
163/4
49
49%
*22
1,200
Va'/
52%
55%
31
31%
17
V
16%
17
16%
52%
30%
172
170
170
170
170
*170
172
79
*71
79
*71
79
*71
9,100
500
,v-
2,500
130,700
5,300
9,800
22,200
9,400
79
61
60%
60%
60
60%
58%
59
58%
58%
57
58-
26%
26%
26 Va
26%
26%
263/a
263/a
263/4
25%
263/a
25%
26
♦105%
107%
*105%
107 7/a
*105Va
107%
*105'/a
107%
*105%
05%
*105 Va
41Va
41%
42%
41%
43%
40%
43%
40%
42%
:•
40
107%
40%
40%
7%
40
8%
8%
8
8
207
*206
,
Va
*205%
'
207
*206
8%
208
29%
29Va
30%.
29%
301/2
79 Va
.791/2
79%
80
80
81
53%
53%
$3%
53%4
53%
541%
29
8%
*206%
29
*80 Va
54%
8%
208
7%
207
J
V
8%
208
7%
206
7% '
207
29%
26%
29%
253/4
27 5/a
80%
78%
81
77
77
54%
533/4
55
53%
54 3/a
■-
1
29% July
May 31
140
Feb
44% May 29
48% Jun
5
35
Feb
40%
40
Nov
433/4 July
2%
155
Feb
3% Aug
Sep
2
4
148
Jun
22
115
Sep
140
Jan
6
139
Jun
28
102
Jan
120
129
Apr
4
134
Mar
6
128
Mar
134%
10
62
Jan
22
Feb
66
par
125
6
125%
.No
par
53
Jan
11
613/4 Jun
25
36 3/4
Jan
par
10
Jan
16
18% Jun
27
4%
Jan
22% Jan
2
187/a
Apr
6%
Jan
11%
Aug
Oct
i073/4
Nov
Corp— -No par
May
No
106% Feb
7
1% Jan
3
283/8 Jan 24
par
43/4 Jun
70% May
130
3
9% Mar 27
Telephone
;
*
Mar
22
513/4
7.
130%
Oct
56%
Jan
Nov
"
30% Mar
6
16
Jun
20
108
Feb
14
3% Jun
28
1%
6
19%
133/a July
23% Jun
Apr
Apr
37
Mar
127
Jan
106
"2% July
31% Dec
Gillette
$5
Safety
conv
4,000
21,000
,300
n
9,500
100
27,900
2,400
8,800
Co
(The)
conv
preferred
110 3/a
116% Jun
18
74%
Sep
34% Jun
16
22 3/a
Jan
27
Dec
23
35
19
Jan
31'%
Dec
106% Apr 27
111
19%
Feb
26 3/a
Dec
7%
Jan
a
26
Jan
2
107
Jun
15
13 Va Mar 27
No par
No par
i—No par
No par
No'par
50
preferred
Oct
Mar 26
-100
Razor
Nov
4%
25% July
193/4 Nov
28% Jan
par
—100
preferred
124
253/a Mar 29
pfd
cum
112
26
.No
Rubber Co_
&
Tire
10
Dec
Nov'
July
—+-20
Corp__
preferred—
4%%
3% Jan
10c
Gen Time Instrument Corp.
General
Feb
123
—100
preferred
General
Dec
Dec
334 Jan
Realty & Utilities
4% %
600
*71
Feb
Dec
Dec
124
113
Signal
Railway
$4.50
9,400
172
172
79
24
40
172
4
37% Jan
par
$4.50 series A preferred--No par
—10c
Gen Public Service
Glidden
17%
16%
Apr
Dec
1343/4 Jan
A
Gen Precision Equip
200
253/4
31%
Jan
25%
22 Va
.No
5,900
150
53
81%
19%
-7% July
.No
4,700
V
"■
400
55%
25
26
Nov
100
Glmbel Brothers
1,500
313/4
163/4
156% Jan
par
.No par
preferred
4%%
47
54%
"Jun
32% Jun
139
27% Mar 20
99
22
31%
Jan
preferred--No par
45%
163/4
Jan
11%
.
Gen Steel Cast $6
22
323/8
Jan
4 3/a
22
II43/4 Jan 22
...No
161
Jan
22
55%
6%
22
14%
48%..,.
16%
15
12 Va Jun
37
par
Jan
Oct
0% July
Jan
26% Jun
..
Mar 21
54%
;
Feb
27
22
31%
6
19
143
24% Feb
48
49%
22%
22
73/4
1
78
22
'
22 Va
10% Mar
Jan
12,100
8,500
5%
26
31'
19
29%
7%
56% Jun
Jan
1
300
5%
18
—_
11,900
7
Apr
108% Jun
General Shoe Corp
55%
183/4
Dec
413/4
18
7,300
150 Va
19
16 Va
26
Apr
10,900
4%
110
Feb
163/4 Jun
Apr
Nov
102%
110
Dec
10 Va
22
3%
54%
110
20
58%
10%
1023/4
57
Jan
14
55
57 Va "58%
613/8
103 Va
55 Va
54%
,
*148
28%
253/4
19%
22Va
31%
583/4
61%
57
4%
31
5%
25%4
48%
55%
31%
150%
29%
73/4
Va*
'
16%
43/8
150%
303/4
109%
*54
4%
152
103
56
26
Dec
51
7
26
98%
30%
Dec
23%
5% Feb
12,800
31%
7%
Feb
26% Jun
16%
98V2
64% May
Jan
480
97
27%
31
Jan.' 2
Oct
4%
13%
3
30
*97%
58V
62%
11
27
900
■V
30
311/8
Nov
Apr
24
108 3/4
27%
66
9% Jun
31
2
180% Jun
General Printing Ink-
112^
98%
May 16
2
Jan
32%
31 Va
27
76
16
Jan
21
700
*97%
27V4
Jun
.No par
4,600
31
18 ya
General Refractories
32%
99
*97%
Dec
Sep
Gen
111
31
*26%
18%
15%
Gen
22 3/4
112%
Dec
19
5% July
.No par
—
Outdoor Adv
6%
25
23%
16%
Apr
9,100
4%
24%
12
20 3/s
4,800
33
24
183/4 Jan
9
2
series A. .No par
Common—
131
26%
99
17%
100
*106%
Dec
6
Jun
preferred
$5
17Va
22
General Motors Corp
Gen
Jan
;
General Mills
5 %
Jan
No
—
Corp
$6 conv preferred
11,500
14
■•••?
107%
32
35
*130
"4%
23
26
23'/a
*33
2%
26
25 Va
»114'/a
3
353/8
*130
*130
*130
v
Foods
July
Jan
2%
2
—100
preferred—
7%
7
2%
12%
-100
General Electric Co
Sep
19
27
8% Jan
par
-No
116
20
9% Feb
17% Jan
preferred
Jan
Apr
7% Jun
1603/a Jan
-No par
General Cigar Inc—
103
Sep
Dec
36% July
44% Dec
183/4 Feb
2
49
Corp
-No
29 Va
2
4
3
.No
Class A
cum
533/4 jun
par
Baking
preferred
7%
30 Va
1043/4 Apr
3
General Cable Corp
1,100
62
*60
17 Va
28%
15Va
62
28,100
.68
128V4
128
*60
18%
67
69%
127%
62
-—
7
12% Jan
:
.—100
Transportation-
General Bronze
130
128%
Amer
i
9
135
6
7% Jan
'
.
May
70
2
23
,_—50
Gen Gas & Electric A
*135
69V4
Dec
17%
Jan
667/a Feb
1
Investors
15
163/4 Mar
3
preferred
conv
Amer
$8
60
*130
*60
Deo
14% Apr
par
Inc—
9,900
:
139
128V4
preferred
Wood Industries
Jun
123% Jun
17
6% Jan
16
_No par
.—20
Co
Jan
4% Jan
20
.Ao
(The)
Co
113
par
1
...
4,000
43/s
150
*145
_No
cl A
(Robert)
(The)
Inc
General
130
70
•:
413/4 May
42% Mar 26
1
100
preferred
$4.50 preferred
90
30,200
,
45%
44
4%
150
43
130
128 %
5
Nov
69
29
Jan
5%%
840
2,300
'
*•
16
5
34
—-10
preferred
Gen
4,000
134
31%
46
4%
32
31 Va
423/4
46
Dec
Jan
General
10%
1373A
30%
*169
25%
16
Jan
Gaylord Container Corp
150
-
?*>%
31%
43%
148
185
9%
11%
33 V4
134
Jan
146
Gen
2"> 1/,
/'
93/4
j2%
13
58aA Mai-
9
6,900
9%
93/,
*180%
30 Va
138
153/4 Jan
43% Aug
11% May
53% Jan
Mar
3,500
'■
139
28%
151/2
28%
15%
243/4
9%
180%
o/i
a/A
55 VA
130
18%
28%
Gar
100
107%
543/4
143
61%
15%
1,100
130
131%
69%
*28 Va
21,000
*139
137%
1281/4
129
:
32V4
44
61%
69%
69 Va
61 Va
93/4
34
138
■
180
Dec
26
118
Co
$3
8%
26 V2
*107
55%
97/a
Jun
8% July
Jan
6%
70
8 3/a
107%
55
24%4
*135
129
*107
11%
4%
*68 % '
26%
56%
341/2
45%
•
27
107%
180
75
13%
Gabriel Co
70
93/4
24
24%
19
Gamewell
8,600
*177
47% Jan
,
10
Gardner-Denver
59 Va
9%
33%
13
26
Apr
1,600
16 Va
180
Jun
14
3,200
59 %
9%
Dec
Dec
5% May
May 16
41
10% Jun
—25
19
153/4
-
2
6 Va Mar 20,
Dec
27
No par
Simon & Co Inc 7% pfd—100
preferred
16
60
56
Jun
42%
8
57%
Jan
19
:■
163/4
*107
30% Feb
Jun
48 Va
20
prior
Galr
4,300
60
24%
148
4.500
16,500
-
,
16%
56'/a
33 3/a May
110
4
7
Co
163/4
107%
Jan
263/4 Jun
Trailer
61%
12V»
43%
"
93/a
83/4
273/4
26 %
Jan
16
41
4
*15
v'
Vo
*68%
70
9%
27%
24%
148
17%
173/e
*68
18% May
34%
2318 Jan
107% May 14
Jan
4% %
180
6%
173/8
35%
43%
4Va
6 Va
18
6Va
9%
Aug
25
Fruehauf
A,
16%
*177
30
45%
7
18
70
44
16
Co
61%
*107
180
169
:
30
43 Va
/
8%
7%
18'/a
■
Jun
Jan
15
Freeport Sulphur
16%
553A
138
168
8
8%
8%
120
7
19%
109
25
1,300
49%
120
18
24%
H: 11%
36
,
*136
483/4
50
121
7%
16%
:
Apr
35%
Corp
1,700
38%
61 Va
9%
*177
180
49%
8%
Feb
11
;
Nov
Jan
383/4
51% Jun
par
53 %
45
1033/4
May 4
May 14
64
2
Francisco Sugar Co
F'k'n
144
38
39%
5,100
16%
56
9%
9%
*177
*138
142
120%
.
60
41% Jun
6%
—
2
Aug
■
39
121
8%
17Va
*59'/4
107%
♦107
107 Va
107 Va
•
8%
26%
17%
18%
■'
18
:
*26%
18%
"
*138
39%
503/4
50
121
121
8%
,
71/4
7
/'■
7 %
18 %
39%
50%
50'/a
*120%
121
8%
8%
8%
8%
39%
17
144
*138
141
39%
26 3/4
*26V4
Jan
Dec
Dec
27%
Jan
213/a Apr
80 Va Jun
39%
>
108
k
42l/4Jan
Corp
•
Jan
17
11
Machinery
Foster-Wheeler
17%
93
11
24
Food
4,400
17%
18
293/4 Jun
Jun
1.400
38%
^26% V 27
107% Apr
3
No par
Inc
64
37%
18%
*138
40
503/4
50
51
*50
*120%
18
22
Jan
Jan
Fair Stores
64
39%
26%
*26V4
144
*138
142
*13.7
2-1/4
32
25
Food
65%
37%
2,500
Aug
Jan
X62
19%
63%
39%
19%
Dec
10%
22%
10
10
19%
66%
19
24
38% Jun
53% Mar 26
——1
19%
-
27%
Jan
50
10
100
66
19%
Apr
Apr
5
19%
110% Mar
Corp
Aug
Nov
.17
May
13% May
~
26
No
105
Jan
1053/4 Apr
preferred
conv
100
May 10
Dec
23% Mar 27
No par
...
Co_.
Steel
Dec
No par
Nr> par
Florsheim Shoe class A
Follansbee
17%
7
2
28% Jan 23
25
(The)
67%
41
39%
18 Va
18
Co
Jan
9
22
103
10
Stores-
Stove
14%
—100
preferred
Florence
'
*26%
National
First
Jan
20
109
22
No par
100
preferred
1,800
143/a
7
5
9 3/a Jan
1
193/4
19%
*66
393/4
4%%
47%
32
23 Va Jan
Corp
443/4
Jan
Jan
May
38% Mar
253/4 Jan
Firestone Tire & Rubber—.
391/3
83/4
10Va
75
Dept Stores
preferred-
conv
Enamel
Mar 28
5
Fidel Phen Fire Ins N Y
200
47
39%
10
4%%
Ferro
104
Jan
93/4
22% Jun
5
2
Corp
2,400
110
*45
46%
39%
Federated
Jan
33%
213/a
27
57
.
No par
Federal Min & Smelt Co
Federal Motor Truck
28%
28%
—„_15
N^.par
—
Federal-Mogul
46%
*106%
46%
•
preferred
$6
1,500
109
46%
110
17
Traction:
&
623/4
61%
*108
47
Federal Light
8
7
16% Jun
333/4 Mar
12% Mar 26
53Va
53
637/a
28%
110
110
800
Fairbanks Morse
Fajardo Sug Co of Pr Rico
Farnsworth Televls'n & Rad Corp_l
90
28
27
54
5,300
106
*105%
28%
451/2
30%
30
30%
109
\
109
*108
36%
35
37% '
105%
73%
-
66
39%
28 3/4
29
39%
20
65%
36%
105%
63%
*46
10
65%
*20
*105
54%'
29%
73
70
v
38%
105%
37 Va
38
105%
47%
39%
9%
9 Va
68%
12%
113/4
109
47
39%
26%
12%
36%
36
28
113/4
*108
29%
*46%
47%'
*39%
37%
27
12%
63%
109
109
36%
28%
54%
47%
29%
29%
109
38
28
12 3/4
*28
109
47 Va
48
293/4
109
373/4
28%
38
63%
108 Va
38
105%
54 3/a
63
28%
.54
106%
■■
283/4
54
"62%
'
54
106%
,
12%
105%
62%
*28
107%
28%
,
38 3/a
38
*105%
*106%
.
37%
"
123/4
12%
38 Va
105 Va
107
1,600
/ 90
Mar
21
Jan
9
23
97% Mar 28
Va May 22
Mar
12
3 2 3/a Feb
8
109% May 16
173/4 Jun
100% Jun
29
Apr
100% May
16%
Dec
13
69
Jan
90%
Dec
29
11%
Jan
22%
Dec
Dec
16
2
25% Jan
2
32
May 10
18% Jan
25%
52% Jan
4
57
May 16
45 ■?
Apr
52
33/4 Jan
2
4% Jun
234
Jan
150% Jun
28
85%
Jan
25 Va Feb
tGoebel Brewing Co
——— 1
Gold & Stock Telegraph Co——100
40
Feb
28
165% Jan
12
1
313/a Jun
63% Jun
25
105% Mar
x573/4 Feb
Aug
4Va May
175
Dec
25
10
Apr 20
49% Mar 26
.--10 !
Goodrich Co (B F)_
——No par
$5 preferred
———±-No par
Goodyear Tire & Rubb——No par
$5 convertible preferred—:No par
Gotham HosieryNo par
Goodall-Sanford Inc
Dec
53% Jan
102
107% May 19
12% Mar 26
98
Jan
15
36 3/a
Feb
8
104%
Jan
213/a Jun
14
8%
54%
Jan
112% Mar
104%
51%
,
112 Va
17 Va
~Jun
Nov/
Dec
Jun
Oct
Graham-Paige
5% Jan
2
8 Va Jun
26
1%
Jan
7
Granby Consol
4% Jan
2
6
Jun
20
33/4
Jan
5% July
25% Jun
27
Motors—
1
M S & P———S
Grand Union Co———,—No par
Grant
Co~
(W T)
18 3/4 Jan
3
23
19 Va Jun
5
15% May
9% Feb
19%
14 Va Jan
36% Jan
—No par
———10
Granite City Steel—
22
543/4 Jun
22
32 Va
Jan
42 V3
Dec
24% Jan
10
23%
Jun
25 Va
Mar
1
14 Va
Dec
17%
Nov
Jun
28
Prop—No par
143/4 Jan
2
6% pfd—No par
Sugar..—_—No par
Preferred
100
Green Bay & West RR
100
Green (H L) Co Inc-—.
-1
Greyhound Corp (The)
No par
4%% preferred——
—100
Grumman Aircraft Corp
1
Guantanamo Sugar—
—No par
8% preferred—
——100
Gulf Mobile & Ohio RR-—-No par
$5 preferred
No par
Gulf Oil Corp
23
46 Va Jan
24
28VaJan
2
Nor
Iron
22
—•——20
preferred
5%
Great
Ore
Great Northern Ry
Western
Great
Aug
17 % Mar
26
25%
Jan
49 Va
Dec
3 2 3/a Jun
26
243/a
Jan
30
Dec
May 25
1433/4
Feb
163
/Nov
1613,4 Mar 16
20
72
Jan
52% Jan 25
233/4 Jan
2
Jun
57
22
12
108% Mar
28% Jan
24
43% Jun
8 3/a Jun
Jan
26
14% Mar 27
Jan
23
49% Jan
6
208
Jun
30% Jun
82
Jun
Feb
Dec
Feb
55%
Feb
24% July
1053^
26
58
67
.
19%
27
5% Mar 26
May
43%
63%' Apr 24
283/4 May 28
104% Jan
167
Dec
July
553/4 Jun
175
64
16
13
11
3%
123
28
6%
26 1
33
14
Dec
105%
Apr
32 Va
Jan
Decf
16% May
Jan
62 %
■
Dec
50 Va
Jan
42% Sep
57% Mar 16
Dec
6% AUg'
189% Dec
Apr
Dec
•.
r
H
*38%
27%
*38%
40
27%
27%
*106
}06 %
*106
106
*107%
108
*107%
108
22%
*150
22%
^|2%
For footnotes
see
%
20
106
*107%
223/4
page
39
*28
28
20 Va
20
20
20
39 Va
27.
22%
*150
39
36%
37%
28 Va
28
28
*35
•
27%
600
37%
27
27
1,400
Hall
Hamilton Watch Co
*20 Va
20%
19%
20 %
19%
19%
2,200
106
*1053/4
106 Va
*105%
106%
*105%
106%
20
*107%
107%
107 %
107%
*107%
108
40"
23%
23
*150
23%
22 3/8
*150
Water
37%
27%;
108
20 %
Hackensack
37%
233/4
21%
*150
22%
5,100
Printing
6%
Hanna
Co
preferred
(M A)
preferred
—23
10
—No
Refrac
—No
par
100
Jan
2
39
Jun
2
29
Jun
8
15% Jan
2
22
Mar 19
Apr
33%
iJtrC
15% Mar
22 Va
Dec
11%
16 % July
27
22
20% Jan
33
.
par*
—100
pfd__No par
—
Co $4.25
Harbison-Walk
6%
—
:
Apr
110% Jan
12
106
Apr
111
Feb
28
110% Jan
12
107
Jun
109
Dec
18% Jan
2
23% Jun
26
Apr
21
July
Jan
152
Dec
105% May 18
107
154
,
Feb
17
155
Apr
2
15%
138
July
,
THE COMMERCIAL & FINANCIAL CHRONICLE
22
RECORD
NEW YORK STOCK
LOW AND HIGH
WondaT
June 23
$
12%
10%
11
10%
111%
112
110%
*79%
.
*26%
*80%
80%
*
29%
30%
93
93
93
93
*131%
*78%
80%
*78%
80%
*78%
131'%
*31
31%
24%
*24%
24%
45%
46%
*30
19
*18%
27%
28
27%
28
55
55%
55%
47
48 V
*46 %
22
22%
22%
22%
26%
26%
27%
27%
75%
22'A
26 34
26.%
103%
*108%
17
15%
42%
41
Household
78
42%
57/a
30
30%
30
30%
29%
32
29%
30%
28%
29%
28%
:
30
29%
32%
29%'
:
6%
5%
5
5%
5
5%
5
5%
.
.
Hudson
6,700
5%
Hud
3,700
80% May 16
63
Jan
73
July
114
Apr
125
15
132
Jun
26
25
32
Jun
28
19%
Feb
23% Jan
2
29% Feb
28
20%
Jan
23%
41% Jan
23
v
15
55,500
47 y4
Sep
19
13%
Jan
21 y4
Nov
17 Ve Jan
15
29
26
13%
Jan
19%
Dec
116% Apr. 18
119
Jun
8
115
2
60% Jun 26
39
Jan
4
48
23
42
May
16% Jan
par
117
Oct
11
Jan
44% Jan
2
42
Apr
Jun
23% May
25 7/a Apr 17
103% May 21
13%
7
28
Apr
Jun
5V8
46,200
v
Jun
18% Aug
Jan
26
81
Apr
July
45
3
109
63
70% July
13 !/4 July
Feb
66% Jan
2
Apr
18
12% Jan
22
18% Apr
20
7%
Feb
—8
347/8 Jan 20
43% Feb
21
.307/6
Feb
377/8
July
——^100
2
Jan
16
7% Jun
25
1%
Jan
2%
Jun
100
10
Jan
19
23 V4 Jun
26
6
Jan
liy2
Dec
4—No par
Manhattan-
27
Jan
2
32% Feb
28
6
34
preferred
Bay -Mln & Sm. Ltd
non-cum;
Hudson Motor Car
•
Dec
36% Mar
20% Feb
49 VA May
28 y8 July
22%. Mar
•
:
Dec
Aug
17'A May 21
—25
t c
—
Feb
25%
Light & Power Co.— No par
&
Mar
Feb
No par
Houston Oil of Texas
28,000
.
No
Co
134
J an
No par
Finance
Howe Sound
4,200
Jan
Feb
—12.50
B
Houston
14,400
128
72
3aA%: preferred——100
700
-
16%
40
29%
5
,
.
15%
39%
Jun
10
25
,.100
—.;
Houdaille-Hershey^cl A—
160
19%
29%,
,
Class
1,400
89
123
No par
preferred-
6,400
27%
Apr
134% Apr
15
a
(A)—
Homestake Mining—
26'/a
5%
29%
5%
■; 22,200
21 VB
19%
29%
5
:
109
6%
29%
31%
7 %
17
(Del)
Holly Sugar Corp
400
21%
5%
7%
23%
Furnace
Hollander & Sons
8,000
57 y4
20
6%
22%
Holland
.
500
46%
21%
7%
22%
5%
1,800
117
21
6%
32%
78
77%
*77
78
16%
42%
20%
22
x2G%
78
20%
5,:-..
56
*45%
xl08%
27%
109
17
6%
31
21%
22%
22 Va
77%
20%
■
*116
59%
16%
29%
;
117
77%
19
6VB
27%
46%
*26%
42%
46%
27
56%
*108%
42%
46%
"
Nov
Apr
75
10
The
28%
17%
42%
Hires
.
170
Mar
22
-20%
_10
800
(C E)
Dec
22% July
75% Feb
Jan
•
Sep
112
1
24%
Co
Feb
63%
Dec
8V2
Sep
160'
July
9%
Jun
94
8
130
?5
Jun
110
Mar
20%
31% Apr
8'/a
Jan
2%
99
Jun 28
24
186
•!
Apr
share
per
par
-No
24%
~
Jan
No par
preferred—,
Paper Co_
27%
46%
conv
Hlnde & Dauch
l87/8
*116
$4
200
*18
47
27
300
32
18%
60
pfd-5% after
Hershey Chocolate——,..
80%
l32y8
82
-No par
Nov 15—100
,,
6%
4
22% Jan 22
No par
32
47%
78
42%
42%
*79
Motors—fi
25
80 Vb Jun
2
Jan
170-
100
8
118
10
71% Apr
,_25
preferred—-
Hercules Powder—
70
20% Jan
21
Feb
26% Jun
Mar 13
W)
non-cum
9,200
133'%
*130
;
<G
7%
Hercules
11% Jun
Mar 26
108
—15
1,600
18%
58%
„
93
47
*46%
109
'%•
6
.—25
Co,;—.
Jan
6%
#
Jan
104%
May 16
14Va Jun 28
4
S'/b
,
112
13
5»
Glass
Co.
Helme
30
24%
*116%'116%
22%
.
26%
109
200
79%
24%
,
Hecht
1,500
190
19
28%
28
47%,
25%
Jan
>
Highest
# per- share
37% May 23
10% Feb 16
9
9% Jan
Lowest
f per share
4
107
,-i.
Corp
Hazel-Atlas
Apr
7% Jan
1944
Year
Highest
1 per share
X30
(modified)—>100
Hayes Mfg
,8io
Lowest
•/
_10
Hayes Industries Inc^wVrr
:■
29%
*132
32
*30
preferred
,
P°r
—
44,900
9%
93
,
132%
*129
6%%
112
Range Since January 1
■
A_——1
15,300
13
49
*18%
116%
60%
80%
*78%
80%
132
16%
,17%
41%
133%.
77
75%
17%
*131%
49
:
29
*46%
108%
108%
108%
108%
132v
24%
18%
57%
47 %
57
93%
31%
24%
49'%
*116%
116%
*116%
116%
*118%
•
,
93%
31%
18%
.
94
Hat Corp of Amer class
112
28%
30%
132
27%
19
29
24%
*48
49
47
*18%
•
*185%
186
31%
31 %
24%
*76
79%
79%
185%
*78%
80%
*31
132
*130
*247/8
25%
25%
132
•,
132
132
31%
*24%
;
132%
9y8
112 /
*93
"
.93%,
132%
132%
131%
132%
131 '/a
10%
84
30%
31%
30%
12%
111%
26%
Hart, Schaffner & Marx_
800
9%
;
A.'.;;
:
■
3,600
35
Range for Previous
STOCK
■
'
14%
9%
-
190
*186
*110
112
110%
10%
*80%
81
190
*186
190
29%
*92
-
*185%
190
*185%
29
'
9%
12%
112
26%
26%
34%
10%
*110
14
10%
111
111%
111
'
13%
35%
*9%
.112
*110
13%
10%
10%
11
26%
80%
80%
'13%
34%
.
9%
YORK
EXCHANGE;',.
,
Shares
$ per share
$ per share
35%
9%
112
*110
,
111%
26%
26%
*2(5
:
10%
13%
13
12%
35
10
112
*110
112
*110
34%
10%
*10
10%
35
35
34%
35
35
*10
$ per share
share
* per
NEW
for
the Week
June 29
June 28
June 37
Sales
Friday
Thursday
Wednesday
June 26
$ per share
per share
STOCKS
SALE PRICES
Tuesday
June 25
fiaturda*
Monday, July 2, 1945
No par
14% Jan
1
Z. 3% Jan
20
29 Va Jan
3
100
197/o Jan
24
Hupp Motor Car Corp_
.
May 19
8 V4
7
1%
Jan
5% May
2
16% Aug
Feb
6
Aug
/ '4
36%
,
36%
36%
36%
35%
40%
72
42 y4
40%
41
37%
73
73%
V0%
73
:
90
90
91
91
,
37%
37%
36%
36%
25%
26%
25%
72
*88%
90
90
*36%
37%
38
25%
25%
*36%
47%
%
26 %
.
41,500
70
92
Idaho Power Co
Illinois
6%
2,400
Central
RR
Co
36%
590
26%
X25%
25%
4,800
45%
46%
2,200
47%
47%
46%
*103%
105%
*103%
105 %
*101
105
See
No par
19% Jan
2
39% Jan
2
$4.50
Jan
24
—
ctfs series
A
Rayon—
preferred
A
106
120
119
117
118
174
*172
177
*172
177
70
93
93
93%
92
93%
92
92
1,500
Inland
14%
13%
14
13
13ys
127/s
13
9,900
Inspiration Cons Copper
92%
92%
13%
14
,
*
'
46%
108
7%
11%
11%
192
192
193%
7%
7%
7%>
10%
10%
191%
*190%
193%
*190%
4%
4%
4%
4%
21%
82
6%
.
35%
6%
7%
6%
6%
35%
33%
34%
26,500
136%
136%
135%
135 %
135'/a
135 Va
Z
:
29%
27
28%
26
27%
*97%
97
98%
95%
95 %
95%
17
18%
167/8
17%
94
95%
93
93 %
18%
*40'%
4iy4
-
.
45
:
*43%
,•
45%
43 %
43 %
*42y8
41%
,-
41%
18%
97
41%
*41%
41%
41%
*122
*137% 145 /
29%
29%
125%.
*122
125
*122
122%;
*137%
129
*125
145
*137%
145
*137%
145
120
*137%
45
30%
30%
28 %
29%,
28
28%
29%
28%
28%
25%
24%
24%
24 %
23%
24%
*23%
38
*38%
39%
39%
39%
38%
41%
113%
42
42
42
41%
*111%
*111%. 113%
*125%, 127
*39%
40
40
37%
37%
92%
39
93
111%
;
*110%
94 %
38%
111%
94%
113
113%
116%
114%
271/4
271/4
26"%
26%
27%
27%
27%
27%
27
38
95
113
26
27%
40%
*111%
120
39%
34%
*107%
26%
25
25 Va
4
27 y8
26%
Co—,.
% %
Johnson
4%
5%
1,700
5%
12% July
8%
Jan
Apr
Oct
40% July
105%
Nov
Dec
Apr
11
8 % Feb
6
6%
Jan
8% July
117% Jun 21
6%
Jan
10% July
154'/a
195 Vb May 19
188
Feb
Nov
Dec
24% May 7
84% Mar5
'15%
Jan
18%
65
Jan
80
.1
4%
2
75% Jan
;
2
5Vb Jan
2
28% Jan
24
Feb
23
19% Jan
26
129
—;_15
84% Jan 26
:
9% Mar 26
Mar 27
79
par
42% Jan
15
39
Feb
2
92
>
7% Feb
V 36
VA May
13%
Feb
217/8
Dec
66
Feb
94
Dec
21
7%
Feb
12Va
?0
68 7/a
Jan
92
39%.
Jan
47
35%
Jan
43
Sep
56% Jan
93
Dec
Feb
135
11%
Jan
20
Dec
11%
Jan
20 Va
Aug
15
Apr
20% July
15
Jan
29
Jan
45
July
Jan
144
Dec
47% May
5
42% May 31
1
139% Jun
5
2
31% May
2
31% May
2
25% May 18
19% Jan
24
26% Apr 24
41%
150
22
111
Jan
23
101
Jan
2
31
Jan
25
Jun
128
12y2
40
109% May 31
100
stamped__100
Jan
10
No par
27% Jan
24
-100
J.00
91% Jan
2
1
19% Jan
9
90
Mar 27
79
Jan
9
May 16
42
34% Jan
;——100
—No par
:
7
17% Jan
par
Oct
Jun
134% Jun
145
Jan
19% Jun
98
2
12
136
130
19
Jan
Jun
32% July
30% May 29
8
99% Jun
/ Jan
36% Mar 27
Jun
Dec
6Va
Jan
140% May 22
18% Jan
18% Jan
par
37/a Aug
25% Apr
8
137% Ap„
par
No
RR
90 7/8 May
1
1
Johnson
Jan
17
*100
Mfg Co
Kalamazoo
Sep
Aug
Dec
pref series A—
pref series B conv
1,700
26%
7%
29 Va
104
Nov
/
Jan
.1
Chicago
Joy
25
165
X87
1%
j -No
Stores
preferred-—--
1,500
9 % May
111%
9% May
50% Apr 27
109
'
Feb
21
100
Jonc-s & Laughlin Steel
1,200
6
Jan
Mar
71%
Feb
2nd preferred ser A_,
&
19
74% Mar 21
-No par
.
Corp
&
6
173% Jan
.100
Johns Manville Corp—
37,300
\
3
Chem .—5
Jewel Tea Co Inc__
20
1
25
14% Mar
88'/a
158
8
Dec
5
preferred
Joliet
36%
'9
106 Va
23
—;
Intertype
1,200
94
15
May
/
Jun
2% Jan
-No
Interstate Dept
•2,000
109
Jun
Jun
94
Oct
H 42% July
25
Island Creek Coal
39%
»11C%. 111%
SO"?
Paper
600
122%
122
8'A Mar 26
100
preferred
Intern'l Telep & Teleg—,— -No par
-No par
Foreign share ctfs
100
100
16
174
6% Mar 28
7%
1,400
497/8 May 17
109 Yb Mar
20 Va
Apr
82%
preferred
500
40%
15%
35% July
180 y4
Silver
112
$7
Apr
—.
preferred
$6
Dec
Jun
:26%
Jan V
Jan
International
1,900
22
;;
67%
-No par
_50
:
8
165%
Shoe..!
237/8-
26
7
International
105,900
V - 7,600
Dec
Jun
27
.200
:
77%
;
Apr
Salt—
"" **
Jan
187
International
c
46
4
900
1.
25
178% Jan
300
.
*120
35%
94%
115
27%
27%
39%
*120
37%
95%
114
.113
27%
38%
93
V 92%
113
*110 %
113 %
126
39%
5%
*148%
41
124
39%
*120
38%
37%
*92%
39%
111%
41
*111%
125
124
•
*120
*120
*120
40
*110%
110%. 110%
*110% 110%
41%
113%
126%
126
126%
126%
40
40%
*112%
112%
25
*148 %
*148%
42
112%
conv
Jun
2
8% Jan
37% Jan
par
-No
38%
25%
*148%
*148%
// 1,140
24%
38%
25%
25%
24%
23%
24%
24%
24%
&
Inter Rys of Cent Am
7,200
;
29
30%
*381%
24%
*25%
>
120
145//
*29%
31
29%
"
5%
1,400
41%
29%
29%
30
International
29,500
.
Min
preferred
'
18
96
19
98
i
70
97
Dec
91
38
:■
.—100
Hydro-Elec Sys class A.
4 %
56
2
104 V4 Jan
International Mining Corp,;
1.
-No par
Int Nickel of Canada
Preferred
.——100
4.000
33%
7%;
—,
,
International
400
;
—No
Machines
Int
35%
7
Business
Dec
Jan
26
No par
Preferred
8,100
'
„
23 Va
25y4
1
Feb
-No par
International Harvester—i„.
9,500
':..
83
28%
41%
Int
250
35%
7%
97
I
*80
98%
.*43%
*27 V*
207%
83
29%
45%
*111%
20%
21%
20%
*80%
28%
*43%
*39 %
4%
.
36
18%
38
4%
>
Rubber
Nov
Jan
28
Jan
11% Mar 26
No par
100
No par
:
—:
32%
10%
Apr
82
1
Inc
Feb
26
76
37% May
104% Jan
par
'
24
42% Jun
.
166
par
—20
Interlake Iron
6,400
"
136
136
98%
30
4%
Ctis
Intercont'l
200
85%
185%
21%
97%
18%
*96
i
192
185%
4%
82
6%
'28TB
98%
21
82
35 V4
138
28%
21%
81%
7
84
185%
4%
21%
35%'
*136
4%
89%
185%
81%
3.'
86
89%
No
preferred
105
-100;
.;
Co
Corp
4% %
35,400
185
Steel
Interchemical
7.200
11%
89
No
preferred—
Insuranshar?«
160
7%
185
21%
6%
1,100
:
10%
90%
82
Ingersoll-Rand_
9%46%:::
108 Va
7%
185%
90
*9
45%
108%
11%
185%
89
108
600
7%
-
185%
88%
46%
108
115%
191%
7%
11%
*185
9%
*9
108%
115%
11%
"TVs
*192
177
46%
46%
108%
46%
47
H 109
117
316%
*172
9%
*9
9%
9%
*9
47
*108
,
22
Indianapolis Power & Lt
Industrial
RR
4%
*117
}i
18% Jan
—No par
No par
36%
Leased lines
.
107
*174
;
47% Jar) 30
72% Jan 24
1000
90
*103%
;
-100
-100
preferred series A
I
47%
47%
47%
1,800
38%
69
*89
i
35%
36
40%
74
35%
35%
39%
25
.
117
138 y4
27
Jun
Jun
.
20 Va
Aug
Oct
Dec
38% Aug
Apr
114% May 31
107%
Jan
112VS
Jun
21
84%
Feb
105
Jun
18
30
Nov
112% Apr
i7
102
Apr
25
90
39
34%
Nov
Dec
Sep
Sep
111
Dec
May
107%
95
May
Dec
Jun
26
20%
Jan
28
95% Jun
36
58
Jan
80
116',4 Jun
26
66 %
Jan
93
Dec
30% May
9
10%
Jan
20'/a
Dec
28% Mar
Dec
K
-,'V
27
*118
*27
124
26%
*118
58
58
*20%
36%
:
21
124
*118
:.-F.
36Va
,
124
*118
28
28%
27%
28%
59
59%
59%
59
21 V?"
*20
37
37
*118
28
27
58
27%
27%
124
59
>
25%
X57%
-
124
*128
25
26 y4
13,900
58%
55
57 Va
*20
21
*20
21
20
20
20
37
38
38
38%
37
37
28
27%
27%
27%
27%
27 %
27%
27
27
27
25
25%
251/a
25%
25%
25%
24%
25
24
39%
39%
39%
40
39%
39%
38%
39%
38
*26%
27%
26%
26%
26%
26%
26%
26%
27
27
27
27
48%
48
48
47%
11%
12
83
83
47%
12%
85'
48
10%
78%
t
*30%
80
30%
110
*109
*48
11%
*80%
30%
*109
,
30%
|
i
i
28%
28%
*9%
10%
*10%
41%
*41
42
*43;%
■
i
-t
44
43%
43%
.28%
,
10%
Jun
7
28
2,200
28% Feb 27
26
Jun 11
Kennecott Copper-—.——,:—No par
41
200
40
40
900
43
43%
700
18% Jan
5%
5%
40,700
34
33%
33%
2,100
54
50%
51
1,000
54%
28%
28 7/a
10%
10%
10%'
41
41
40%
40 y4
43%
44
43%
43%
5%
6
5%
6
34
33%
55
52
55
54%
44
■>
1,600
700
14,900
\
380
2,100
29%
90
108
f
2
35% Jan
24
40
2 2'/a Mar
10
27
33% Jan
8
8% Jan
Kroger Grocery Be Bak—-—No par
28%
*10%
41
*43%
2,900
10%
28%
r
Mar
22
•
29%
108
Dec
39%
18
38% Jun
1,800
89
30
109
147/a
Jan
59% Jun
26
28%
88%
29%
108%
297% Jun 18
Jan
23
.
14
109
Dec
22
28 VB
12%
Apr
6V2
19%
18% Jan
47%
15%
90
16%
117.-
22% Jan
*10%
47%
137/s
88
30%
109'
29
10%
47%.
14%
22
15
Feb.21:
73
29% May 23
108
■
26
,
May 15*!
Ma*. 26
'8% Apr
7
21% Aug
1
Mar 26
124
237/8 Jan
Keystone Steel '& Wire Co—No par
Kimberly-Clark Corp
No par
Kinney (G R) Co_...—
1
$5 prior prefer|,cd_T^—No par
Koppers - Co Inc—
—T>10
4% % preferred-^————^100
Kresge (S S) Co——10
Kresge Dept Stores——_1
Kress (S H) & 'Co^—w
Wo par
86%
29 7/8
30%
109
109
10%
41%
i
28%
12%
3
Dept Stores—————1
'
85
30
110
28,%
•••
Jan
Kaufmann
1,200
39
48%
Jan' 22
34
non-cum
.
16,000
24%
39%
10
13
preferred———100
4%
200
;
27%
25
39%
*47%
Jan
KaySer (Julius) & Co
—5
Kelsey Hayes Wh'l conv cl A—1
Class B
——-I
20
37
25
*27%
Jan
1,800
*36%
:
20
117
Kan
124
27%
3
10
City P & L Df ser B.
No par
Kansas City Southern——No ipaf
Stove & Furn
•<
X26
13 Va
Jun
Jun
19%
Jan
29%
Dec
Aug
24%
Jan
Jun
37%
Dec
19% Jan
24
Dec
5
31% Mar
42
Apr
24
15 J/4 Jun 28
;
Jun
34% Jan
28
,3
Mar
5
29
Jun
26
11
Feb
13
112
20 %
Feb
Jan
20.
Feb
May 15
'
48%Jun
90
13%
17
124
*
3
97/8
Feb
78 ya
54% Jan
Oct
Dec
Dec
Dec
22
34%
Dec
108%
Dec
Feb
32
108%
27 y2
Nov
6%
Jan
/
10%
Dec
Oct
36
Jan
19t
423/4 Jun
.4
27%
Jan
39
Pec
37
Jan
24
44ya May
7
31%
Jan
37%
Nov
26
Apr
X31%
Deo
''
L
-
5%
6
:
5%
6
34%
34%
34
/
34%
34,
53
54
54%
54%
55
55%
55%
55%
55%
*54
54%
55 y2
16
15%
16%
15%
16
14%
15%
14%
15
34
34%
34%
34%
34%
34%
33%
34%
33%
33%
16%
17%
V. 15%
3%
3%,
16%
3%
16%
3%
48
47
48
47-
43
43
42%
43%
23%
23%
23%
20%
21
20%
.58%
59
58%
58%
8%
8%
8%
54%
*52%
*90
91%
*91
92
*193
194
*37
38%
\
15%
3%
47%
*52%
;•
16 y8
14%
3%
3
14%
3
15,500
42%
42%
41%
427%
41
41%
24
24
24
23%
23%
23%
21'
20%
20%
20 y8
207/8
xl9%
58%
59
58 y8
58 V2
8%
8%
54
*52%
9
9
54 Vs.
90%
91%
90%
90%.
90%
*52%
91
194
192 %
37%
37%
58%
59
57%
57%
47
47
467/8
90
192 V*
38%
*90
9%
8%
53%
*52%
91
90%
191%
191 %
*35%
37%
90
*88%
58%
47
47
23%
23%
23%
23%
32%
32%
32%
33
For footnotes
see
,
.
55 y4
467/a
46%
23%
23%
X22%
32%
33%
.
191
*35%
32
/
4% Apr
31% Janv
conv
26
8
29 % Jan
24
Feb
20
21
6% Jan 30
2% Mar 26
35% Jan 22
90
1,100
Feb
39% Deo
Jan
38%
20 Va Jan
3
24
Jun
26
18%,
Jan
-217/s
Jun
17% Jan
22
21
Jun
5
17%
Dec
19%
Dec
par
—7
51% Jan
24
65
May
5
42
Jan
7% Jan
2
9% Apr
47% Mar 28
55% Jun
17
8
537/0 Allg
8% July
—8
37%
Libby
39
3% Jun
50 y4 Jun«
6%
Apr
Dec
49%
Dec
78
Jan
2
91% Jun
27
68%
Jan
83%
Jun
-25
—
Jan
-23
Liggett & Myers Tobacco—
78
Jan
3
91% May 28
67%
Jan
863/2
Jun
Jan
182
Nov
:100
181
25
.174%
Jan
-No par
32
Jun
15
26%
Feb
32%
-No par
47% Jan
25
59 Va Mar
36
Apr
52
Dec
-No
par
417/0 Jan
22
51
1
7
37
Jan
44
Dec
1,700
Lion Oil Refining Co—
-No par
19% Jan
31
f 1% May 12
17%
Nov
22% May
1,500
Liquid Carbonic Corp—— -No par
29% Jan
2
: ( Vn Feb
19%
Jan
30 %
Preferred
440
191%
-No
Savers Corp
Series B
Dec
Jan
—8
,
2%
1%
29%
(new)_ —No par
500
Dec
15%
Lerner Stores
90
Dec
8ys
8
Lehn & Fink Prbd Corp—
Life
31%
Jan
8
16
1,100
Llbby McNeill &
17% Jun 18
Oct
Apr
4%
Jun
5,600
Libbey Owens Ford Glass-,
37
;
,
47
20
4,300
56
22
23%
77,300
12 7/a
16% Jun
367/a Jan
9Vo
Dec
Jan
4
—1
58%
Dec
49%
Jan
(The)——_
53
31%
Apr
38
Lehman
Corp
,
17%:, Jan
26
24
-50
preferred
Corp
2
55% Jun
3,200
;
7% Feb
35% Jan 19
Jan,' 22
12
Rubber & Tire—i.
5
15
47
—
3
4Jun
—5
Bryant—
100
57%
54
55%
4,500
46%
46
46
1,400
22%
21%
21%
32%
31%
32
—
Lily Tulip Cup Corp
Lima Locomotive Wks
'
JLmK
Belt Co
page 27.
-No par
-No par
Jan
6%
'
'
57%
-———
Lehigh Coal & Navigation Co- -10
-25
Lehigh Portland Cement—
-50
Lehigh Valley RR
Lehigh Valley Coal——— No par
21,300
3,200
(The)
30,
Lee
3,600
3V3
Lambert Co
Lane
46,700
45%
44%
58
1
900
15%
46 y2
90%
*37
3%
44%
90%
*193
16
47%'
.
.100
Laclede Gas Lt Co——
1
5
Mar 28
195 V4 Apr
39
Mar
13
Dec
Dec
.
t
V
■'
\
.•>?
*1
CHRONICLE
COMMERCIAL & FINANCIAL
THE
Number 4399
[Volume 162
'
Range for Previous
STOCKS
June 25
June 26
$
$ per
share
per
26%
27
55%
I
26%
55%
n
.
.
56
48%
28
48%
*"583/4
59%
*33
33%
•-
57%.
58'A
57%
20
18%
49%,
49%
26 Vb
'
59
59%
;■
18%
19
4,900
48 'A
49
1,700
7,000
26
58%
58
*150
56
55
55%
54%
55%
54%.
56
55%
54
56
36
36%
35'/a
36%
36%
35 »/4
36%
36%
34%
36%
36%
36%
20
10%
*15
15%
15%
16'A
29 '/a
*28%
4%
4%
8%
8
8'/a
8
8'/a
8'/a
18%
18
18%
17%
18
24%
25%
18
18'
18%
18
24%
24%
25%
25%
-•*
30%
'
7-
45%
46
*46
113
':;vT 12%
12%
/,;
46%
*46
23
22%
116
36%
*23%
24
24
24
58
30%
*107
35%
22%
57i/a
30'A
30%
11,000
*105'A
106%
17%
18%
18%
18%
111%
26%
26%
26%
26
15%
15
15%
15%
15%
*99'A
100%
100
104
38%
38
37%
37%
18%
18%
18%
59%
60%
8%
29>A
29%
44%
29%
*43%
158'A
»'
44%
A
158%
67%
3%
3%
45%
45'A
*108
110
*108
112%
*111%
112
110
*111%
112%
119%
44
29%
110
112
*109%
111%
*1097/a
111%
f:
15
15%
>>i-13%
48%
45%
46%
41%
43%
43%
43'A
43 3A
29%
29%
28%
89%
90
86
115
116
45
47
46%
43'A
43'A
43
29%
29%
29%
89%
.
89%
90
■90
*113
115
",*113%
*116
119
*116
110
*110
111
.
H
*113
119
110
110'%
28%
28'/a
43
29%
\
•
63
62%
47%
46%
46%
46
43%
15%
15%
104
106
*105
Motor
27
WWeel Corp
37%
38%.
37%
38
2,000
Mueller
16
16'A
15
16%
106
31
'31
31
31
*30%
31%
30%
98
*95
98
*95
98
95
*109%
110
110
*109%
111
110
;
16,500
15
14%.
-
94
•>,
Munslngwear Inc
Murphy Co
V\°lo
preferred;
rray
Corp of America,
17%
18 Vb
14,800
58%
•*56%
58%
300
18%
19%
50,400
46%
49'/a
1,250
19%
19%
10%
19'%
19%
19%
19'/a
19%
*54%
56%
5
56
56%
56%
56%
56'/a
21%
21%
20%
21%
20%
20%
19%
20%
20%
5T
51%
53
51%
52
51
50%
51
50
50%
26%.
26%
26%
24%
26%
25'A
26%
26%
25
26%
28%
25 '/8,
25,500
15%
13%,
14%
25%,
13%
27
24
27
29
23%
14%
28,300
14.
1
*
1%
15%
15%
15%
15%'
20
19%
19%
25%
25%
'
15%
15%
14%"
15 y8
14%
13% -14
19%
20%
19%
22%
19 '/a
22%
19%
25%
25 'A
25 'A
25
25%
25%
25%
25%
23%:
15%
23%
23%
23%
24%
*23%
15%
16
15%
i6yff
16%
16
,17%
36'A
36'A
36%
15%
15%
15% *
15%
36%
-
36%
15%
15%
15%
15%
15%
15%
15%
15%
32
31%
31%
31% *31%
31%
*24%
25%
25
25
24%.
24%
*11%
12%
42%
42%
;
"
/
'•
12
*11%,
12%
*11%
24%
43%
.
43
17%
18%
17-%
*43
44*
,"
106%' 107%
;
44
:; 106 %
106%'
27%
28%'
*43!
.:
.
15%
77,800
30%
11,500
3,200
17'%'
17%'
17%
17%
107%
107%
27%:
108
27%
18'
„
41%
44 '
17.4a
.
27%
157
157
..
17%
27%
20
,28'/a
36%
36%
36%
361%
11%
11%
11'/a
ll'A
11
75
75%
74%.
*25%
26
25%
26
26
'18%
18%
18%
18%
*103
104
17%
29%
28%
29%
102
,27%.:
36%
11,
11%
'
16%
28
37
11%
™
158%
*1,100
11%.
,10%,
104
*103
17%
17%
17%
25'/a
18%
17%
28%
28%
29%
25%
10'A
10%
29,000
74'A
"3,100
25%
2,100
17%
11,200
4",700
17'A■28%-
1
'
100
101
103
103
103
100
100
17%
17%
17%
12%
17%
103%
17%.
17%'
12'%.
.
*102'A
5,200
..
25'/a
18%
29
.
.
73%
•
-
74%,
26
102.
,*600
16%
26%
18%
29'A
29
30
36%
25%
101
'■
160
36%:
74'A
103
102 Vs.
102
.
l
25%
75%-
.
6,000
27%
21 Vb
-
18%
.
100
>
108
*iey4.
26;
■
18,500
17'A
37%
25%
3.6'%
200
42
16%.
16%.
75%
75%
18%
29%
-
200
22,400
42%
*157%
*157'%. 158%
vi,
184
'
74%
102
*181%'
16%
27%
*35%
36
75 V8
182%
157
-
26%
;
*181%
181%
17
17
28 %
2«»/a
V.
184
'
17 %J
*16%
*106%.
j
27%
27 y*
.
157
-
157%
*156
*156'. A 157%
'
*16%
*182%. 184
183
182%
183% 184
27%' -28%"
y; 16%
108'.*.
*106%.
'
*27%'
42
:
12
*11%
:
42%
16%*
23%
X23'A
11%
11%,
*42
43%'
'
*107%
■
15 'A
/
'
*
*43
6,300
15%
30
:;
24%
41%,
44'/a
44%-
43
IS'As
31%.
"'..24%
12
*11%
36
15% .16
30 V4.
31%
...
43%
42%
42%
25%.
35%
36,100
6,800
16%
'
16
15%
31%
700
15% :
15%.
•
23
16:
.
9,300
".?>• 100
36%.
X36%
36%
15%-
36%
15%
■
•24,300
:
188
X22%
23%
-10,600
20%
/ 25'A
*183
188
*23
16%
36%
-
*183
24%
16%
*23
,
186
186
188
*186
188
*186'
188
:
:
14%
15%
16
15%
19%
3,700
'
15%
14%
*186
'V
■27%
25
15
25'%
27
26%
,
23% "24%
*57
100%
*102
'17%
29
>
100%
.
970
130
103
3,900
17%
7;600
12%
12
12%
12
12%
12%
12'/a
12%
12
17
17%
16%
17'A
16%
17%
16%
16%
16%
16%
16%
16%
42'A
*41%
42%
41%
41%
41%
41%
40
41
*105
108
400
30
80
100
107
10
*41%
42%
12'/a
'
*41%
*105
108
105
105
*105
108
*78
81
*78
81
80
80
108
108
*107
For footnotes
see
108%
page
*106
107%
*105
*75%
*106
108
80
107%
*105
*75%
*105
108
80
107
*75%
*105
(G C)
130
110
19'/a
17%
$7 preferred
900
'
93
110
?
is
^
4,100
yers
16'%
36
25'A
79'%
20
No par
10
No par
lll'A
113'%
24%. Oct
Jan
13
Jun
25
2'%
6% Jan
L
(F E) & Bro
Nashville
Chatt
12 %
Jan
21.
May
8
13%
Apr
20
Deo
5
28
24% Jun 20
16%
?an
25%
Dec
4%
Jan
12
47'% May
37'A
Apr
51'A May
% Jun
5
32% Feb
27% Feb
16
195
170
May 17
38
19%
Jun
Jan
109%
27
Dec
29%
Oct
21
Feb
Jun
112%
Apr
27
Apr
32%
Oct
14
Feb
22
Dec
6
47
Mar
55% July
33% Jun
26
Mar
108
19% Jun
21% May
Nov
Apr
104%
Dec
10-
Feb
13%
;
103
111.
Sep
16% Aug
112% May 23 i
26% Jun
28%
97
9
18
22
Oct
Dec
19% July
May 21
16
8
Jan
13
82
Jan
100
Apr
24
70
Jan
94
Oct
x41% Apr
19
31%
Apr
38 y4
Nov
8
8
8%
Jan
16'A
Dec
.16
105% Apr
101
2
21
2
24
3
26
4
Aug
38
Dec
29
107
Dec
107
Dec
i
6*
Apr
8'A July
23%
Sep
28'/4 July
27%
Jan'
116%
1
39>
Aug
144%
Jan
Oct
Mar
6
70% Jun
18
46
Apr
58% May
22% Jun
18
12%
Oct
19'A
Dec
37/a Jun
19
2%
Dec
160
114
1%
105
5
11% Jun
31% Mar
Nov
112
Dec
8
6'A
Jan
Jan
•
28
119
Apr
2
113
Jun
18%
Dec
Jan
391%
Jun
Sep
25
74% Apr
111% May
114
Nov
8
Jun
Jan
19%
117
Jan
119%
Sep
113
8
97'/a May
Jan
8%
29
30
116
Oct
Jun
23% July
6'A Dec
2 %
18
Feb
9'A
111
17%, Feb
18
33
Sep
93%
19
46% Apr
Dec
113
23
>119% Jun
49% Jun
Dec
114
107
24
-16% Jun
46
Apr
Mar
108'A May
Mar 13
111% Apr
Oct
36 %
7
47% May
113'% Jan
3
9'% Jan 6
97'% Mar 27
22
Jan 8
x82'AFeb 1.5
109'AJun 21
13
Jan 5
53 , Jan 5
Dec
39
Jan
24
45% May 17
22
8
55%
Mar
27
31% Apr
2
22
2
2
5
Jan
25
9 % Mar
27
21
22
Jun
Sep
37
44% Mar
111
Deo
9
2
65% May
45% May
•
24
19
4
May
Oct
88%
Oct
11
107%
Jan
65% May 28
47
Jun
9
41%
Apr
35%
Jan
42
Oct
21
21 %
Jan
35%
Dec
,44% Jun
Aug
53% Nov
44% Jun 21
15%
Jan
24%
Jun
28% May 17
16%
Jan
25'A
Dec
40
5
26%
Apr
33%
Dec
27
4 Vb
Jan
10%
32
May 17
May
16% Jun
105
31
Jun
72
Jan
100
21
20
Aug
.24% July
70
May
.Nov
116%
Feb
Jan
14%
Aug
43%
4.
Jan
Jan
53'A
Oct
20
8%
57% May 16
19% Jun
Oct
...
110"
100% May 28
115
Oct
4
May
84
Nov
7
Jun.21
11%
Apr
54
28
Jan
27
Jun
26
137/a
Jan
20'A
Dec
29
Jun
28
18
Dec
19%
Dec
16
Jun
25
9
Jan
13'A July
15% Jim
25
10% Nov
13% July
22% May
17% July
41% Dec
,
9%> Jan
22% Jun 27
20% May
Mar
Apr
9
24
165-
24% Jun
26
18
17% Jan
28
x36% JUn
28
26,
16% Mhy 18
Jun 27
16
15%
May
181
19%
Dec
17%
.
Apr
34
Dec
23%
Apr
Sep
xll.'A, Feb
X32% May 18
Dec
21
.
Feb
8%; Jan
Dec
24%, Dec
xlO
26
192
Aug
14%.> Dec
25 %s Dec'
Jan
26% Feb 28
12% Mar 14
13%-Jan
11%.. Jan
12
26
30% Feb
37 y8 May
44% Jun
.
44
Jun
26
1
•
19% May
108
Jun
163
18
29
■f
37
Jan
Feb
87'Ai Jan
24%
v
,
Dec
Mar
Dec
14% July
104%, Dec
25%
Jun-
19
Jan
5;
164>
Feb
.181
Dec
May
7
1411
Jan
159
Dec
Feb
5
16
Dec
29% May.
192"
9'
7
20.
May
Jun
7
.
21
28
11% Jun 22
28%: Apr
37% Jun
75% Jun
27;
27% Jun
1
22'A July
23
.
57%
Feb
Jun
34
Jun
'
7%
5%. Feb
33% Mar 16
11% Feb
24% Nov
t
Dec
70
July
17%
July
18
19% Jun
'
17% Apr
.
30'/i Mar
Feb
95
Dec
i)
105
Jun
14
797A
105
Jun
11
83%
Jan
98'A
22% Mar
6
5ys
Jan
11% NOV
12% Feb
24
Mar
11% July
18% Apr.
18
-
'
July
Apr 28
24% Jun 18
37
Jan 2
13
Jan
i
$4.50 conv preferred—
No par " • 102? t Jan
5
National Lead Co
1
10'
! 24
Jan
2
t
1% preferred M.
100
177% Jan 5
6% preferred B™™™l.™™___100v : 156 : Feb 5.8
National Linen Service Corp.——L '
16% Jan 4
Nat MalLAfc' StT Cast Co
No par
2X
Jan
2
National' Oil Products Cft
;
t.433
Jan
4
National1 Power &
—No par
7'A Jan
2
National Steel Corp__„_J;
25
65.
Apr
6
National Sugar Refv;CO_l__—No par
25% Jun 22
National Supply (The) Pa
10 "
15
Jan 6
$2 conv preferred
40
27"% Jan 2
5% % prior conv preferred
10
92% Jan 15
6%
prior preferred
i
100'
97% Jan 17
National Tea Co__—
10
10% Jan
3
Natomas Co
No par
10% Jan
3
Neni Corp.
i
-No pat
15% Mar 26
Neisner Bros Inc.,
1
30
Jan 22
4%% conv serial preferred
100
103
F(b
6
Newberry Co (J J)
.No par
66
Jan 4
5% preferred series A
^__100
107
Apr 3
'
44
110%
Jan
16
26
39
6
No par
11% July
32% Mar
106% Mar
61% Mar
31% Jan
•______—.Jb
Dec
Nov
4'/a Mar
27
,24% May 18
-3
National; Gypsum; Co
24%
176'/a
Mar
Mar 15
36% Jun
Louis.—100
1
1
Nat Enam & Stamnlng—
Jun
-
23
13% May 29
115
Sep
29
5
May
112
\
25'A May
19% May
13
23
28
20
27
St.
Jun
8'A
6
30
Jan
May
Jan
Mar
Corp
&
Aug
20
15% Jan 20
35% Jan 23
National Acme Co
20'% Jan
2
National Airlines.w-™__™_«-_—il;//:.; 16'A Mar 27
Nat Automotive Fibres Inc
.1
9 % Mar 26
6% conv- preferred™—_™™10
11% Mar 21
National Aviation Corp™.
,5
13% Jan 24
National Biscuit Co
-—10
23'A Mar 26
7 %
preferred
—100
182: Jan 5
Nat Bond! & Share Corp
—No par
20% Jan 23
National1 Can Corp.
10
13% Jan 2 :
Nat? Cash Register
No par
31% Apr 6
National'Container™^;.
—l '- . -' 12% Mar 9
National Cylinder G as Co
l1.
13
Jan 4
Nat Dairy Products™'-No par
24% Jan 2
■National Dept Stores.—
-No par
21% Jan 22
6%. preferred
™
-10
11% May 5
Nat Distillers Products™
-No par :,
35% Jan 22
Nash-Kelvinator
Dec
4
110% Jun
32%
39%
21%
23'%
1
No par
No par
No par
100
10
No par
Dec
Jun
108'% Feb 27
47% Jan 12
41
Mar 26
No par
No par
No par
50
.-No par
/Brass Co
Mullins/Mfg Co class B
900
29'A
29'A
94
110
94
*109%
22'A
5%
/.
Certificatosof deposit
140
103%.
*103
30
29%
30%
95
I
36
35%
103%
103%
106
*103%
16
Feb
8% Feb
1
Products Corp
Motor
v
100
10'A
6%. Apr
18%
18%, Jan
5
Ess«u<.__™—
950
•95
111
Sz
3;200
*104%
*109%
Morris
3,500
30%
105
■
1,230
28'A
26'A
16
37
42
.
41%
37 %
15%
41%
'
27'A
26%
36%
46
26'4
27 VB
15%
46'/a
300
109'A
Jun
10% Feb
26
6
110
7 '%
.391
13
5
Apr
May
May
May
Mar
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jun
Jan
Dec
27
2
2
109%
No par
preferred series C
Montgomery Ward & Co
Morrell (John) & Co_
41%
27
37
*45'A
12,400
26%
27%
15%
61%
46
$4
:280
110
v
30%
26%
*36
116
110
60
preferred ser A
Preferred series B_!
$4.50
43 'A-
*42%
315
108'A
10 % Jun
Jan 25
109
No par
%
26%
30%
37
*113%
7
29
43
30'A
Deq
Jun
435
42'A Mar 26
Regulator
43 'A
42%
30%
Oct
22%
12
Jan
Jan
Jan
53. Mar
15'A Jan
1% Mar
No par
vtc
41%
43%
42%
30%
19
Jun
26
4
26
26
35
137
3
4% conv pfd series B
100
4'A % preferred series C__
100
4%• preferred series D_—*—100
Minn Moline Power Impl
L
1
$6.50 preferred
No par
Mission Corp
10
20
115
*112
63%
B
43
43%
42%
30'%
>•
2,800
116
Class
"Minn-Honeywell
30%
43%
42%.
Jan
14%
106'% May 16
7'% dan 23
;
5 10
1st preferred
43%
43%
27%,
1,500
87
116
42%
27%
28 Vb
111
47%
1,100
-5
pfd—100
Steel Products
cum
preferred series A
Mohawk Carpet Mills.:Monarch Mach Tool;
Monsanto Chemical Co_i
28'/a
62
43
8 %
Mo-Kan-Texas RR
86
*110
*46
14
2
14
14'A Mar 10
No par
,—100
Minneapolis & St'Louis Ry™No par
Minn St P & SS M A vtc
No par
Midland
72,800
88
*113%
46
Metropolitan Edison 3.90%
70,900
29%
64
63%
-
43
111
63%
1,990
.!
Machine Co.—:
Mesta
Miami" Copper
A
Mid-Continent Petroleum—
14'A
41
42%
119
,
27
54% Jan 3
33'% Mar 10
37
Jan 3
No par
Merch' & Min Trans Co
Dec
38% May
X26% Aug
Feb
22
Jan
Nov
48
19
29'A Jun
Jan
35
-1
50
Mengel Co <The)___
5% conv 1st preferred
43'A
13%
14%
,45
-300
-
27'A
27
28
"'. 27'A
*110
62%
43%
;
121
*117%
121
*116
i
62%
■
*119%
_
28,500
•
121
*119%
"
if.,,
■
9%
9%
10%
'
16 %
119
*29%
9%
10%
"30
<
,
*111
*111
A
10%
43
,
*107
28%
115
*45%
110
15%
*116
,
*109
28%
*113%
62,
3,000
18%
••
•
No par
—No par
-No par
1
Melville Shoe Corp
13; 200
15%
115
.
3%
46%
28%
90%
110%
1,000
19%
119%
29%
90%
65 %
3%
28%
45%
43%
%
45%
119'/a
.
900
•180
3%
119%
:
7,700
41
158%
46%
.20%
10%
15
43%
*111
28%
AO
110
*110
llVa
8'A
3%
14%
28%
14%
112
100
3,800
46%
3%
47
*108
o
\
:
16,700
119%
119%
*28%
18%
2,600
42,;;
111
8 Vb
65
11%
U
11%
10%
20%
460
.158'A
66
66
3%
*111
*111
*111
110
69
3,900
1,000
28
,43%
109 %
46%
47
*108
43%
159%
19%
3%
3%
46%
46
44%
*67
17%
111
29%
28%
29%
159'A
900
41%
y,:
8'/a
8%
,
'AV 57'A
42
43 'A
8%
"lO
.
41
112%.
*158%
21'A
20
3%'
3%
45%
43
Co
preferred series A
$5.50 pfd ser B w w__
$6
Dec
148
Jan
22'A Jan
104'% May 21
13'/a Jan 25
109% Jan 24
17'A Jan 3
12% Mar 27
98% Jan 12
94
Jan 3
100
——10
Mead Corp
57
:
42
•
*111
44
69%
•;
43%
28%
44%
*41
17%
18%
58 Vb
58'/a
<
7,200
37 '/a
37%
110%
$
8%
158%
21%
21
21%
21
44%
69
69
UO
29%
29%
158%
..
159'%
159 %
69
*67%
8%
8%
29%
*43%
8%
8%
41
preferred
McQuay-Norris Mfg.
'
;
103%
17%
18%
59
,43%
43%
110'/a
8%
112
r
41
43%
110%
43%
43%
*110
111
41
41
40%
43%
43%
18%
60%
3,100
14%
103%
39
Co__
5%
100
*37%
58
18%
59%
41%
*41 >
39
40
25
14 'Ar
*99
104,/:
*103%
*39
18%
*109%
104
39
23%
15%
i,800
'•.>
101
*99
Stores
McLellan
■„
113
18
No par
-1
Robbins Inc
preferred
30
Feb
34%
Jun
26
Jan
Apr
25%
104
27'A Jan 22
19% Jan 25
lll'A May 10
30'A
19%
52
24
Oct
1
110'% Jan 29
5
Deo
247/a
Mar
49% Apr
—
Mines
McKesson &
$4
18%
*109
26
14%
15%
17%"
113
25'A
26'A
100%
*103%
60%
18%
*59
56%
58%
*110
*99%
-
39%
*38
-
15%
.
104
*103
13%
26
26%
:
113
*110
113
*
*99'A
1,600
Mclntyre Porcupine
32%
18%
*110
*103%
McGraw-Hill Pub Co
165
Jan
135
3b
107% Jun
1
No par
McGraw Elec Co.l—
1,500
107%
57%
58%
preferred w w
1,400
22
30%
58%
'
conv
36%
*106%
15%
105
23%
23%
5%
40
V
115
22
32%
26%
100%
*35%
23
107%
111%
*99%
*111%
36%
23
20% July
20%. Jan
% May 29
8% Jan 4
40% Jan 15
-*
-—.—1
—100
Corp....
McCrory Stores Corp
600
32%
18%
*103%
114%
36%
.
*106%
,*110%
113
114%
36%
115
McCall
2,300
22%
33'A
18%
18%
V
35%
23%
36%
58%
*106%
18%
35%-
107%
31
31%
108
35%
Dec
151v
'-J. .'Vi
*22%
Dec
44
110
35
Apr 20
107'/8 Jun 19
-No par
No par
No par
No par
$6 1st cum preferred™
."J 10
•'r!;
*111
*111
300
•
46%
*45'A
46
150
4,'800
V
58
58
30
108
*107
:
*57%
58%
30
4,600
12 A;
22%
24%
24
35%
107'/a
11%
36%
37%
ii; 37'A
36%
35%
107'A
12%
46
46%
115
114%: 114%
37%
36%
12
21% Jan
9% Mar
40
Mar
275/» Jan
23'/a Jan
176% Jan
16%
Jan
16'A. Jim
18'A Jan 22
109'%. Jun 18
.
100
5
preferred
:
May Department Stores
$3.75 preferred
...
Maytag COi
J
;
$3 preferred
i
36
Jan
17% Apr
May 29
Apr
Dec
8'/a
33'% May 31
59
Nov
53
Feb
28
Jun 29
1
Jhn 21
155
7% Mar 9
15'% Apr 16
*
1%
*22%
23%
*22%
23
*114%
*36%
/:
3,700
i
36%
36%
35
35
34%
118
*114%
*m
112
*111
V'/a
■it:
700
>
107%
*107'A
*111
12%
46%
*33%
12%
195
*193
195
36 V/
36%
107'A
12%
1T%
12%
111 %
36,%
12%
2,400
25'/a
25'/a
26%
25%.
*193
107%
36%
36%
29%
A
26%
195
*107%
.
-
29%
.
*25%
*193
195
107%
*45%
111%
29%
'
26%
25%
*193
37
36%
30
*29%:
30%
26%
195
*107%
107%
107%
29%
29%
44
25%
*193
37
*36%
43%
29'A
45
*29%
26%
43'A
44%
44%
195
45%
44%
44%
26
32,800
22%
23%
*29%
34,900
30% '
20 yB
Co
j
21%
27%
22%
44%
10,400
•
110
28 Vb
28%
22
22%
3,920
20'A
27%
22%
44 %
18,300
26%
28%
24%
1
No par
5
Maracaibo Oil Exploration
;—1
Marine Midland Corp
5
Market St Ry 6% prior pfd
100
Marshall Field & CoNo par
4'A% preferred —
100
Martin (Glenn L)' Co.™
1
Martin-Parry Corp
No par
Masonite Corp
No par
Master Elee Co
:-™->
1
Mathieson Alkali Wks
No par
43,300
24'A
24%
*109'A
27%
22%
*193
17%
*109'% 110
110
*109'A
4%
8'A
8
8%r
27%
26%
25%
25%
25%
25%
110
*109'A
110
*109%
110
'
'
Coal RR Go
Sugar
Bros
Manhattan Shirt
400
17'/a
4%
'
4%
4%-
4%
4%
5
8'/«
44%
'
28%
16
29%
22%
;
28%
16
29%
17%
25%
28%
16
29%
24%
109%
16
Jan 3
Jan 16
Jan 2
Jan 22 <
Jan 24
Feb 3
Mar 28
Jun 7
17
425
7% May 3
14
Jan 17
: 24
Jan 20
3% Jan 2
10
50
Mandel
16'4
16
•"
8%
8
Manati
1,700
10%
4%
4% ■;v 4%
7,900
16
9%
*15%-
100
No par
1
Mahoning
10
10
9%
10%
10%
-No par
No per
.
Copper
Magma
430
430
450
•430
450
*430
10%
Co Ino
23%
147
47%
31'A
106%
16 '/a
10
—100
...
'23%
40%
! 27% IU r
60
Highest
t ver share
14% jun
50 'A IB y 2
25
Mryl8
181
1044
f per share
21'/a Jun 21
6
40% Feb 20
18% Jan 2
166
Jan 4
23% Jan 2
; 52
Mar 27
100
Madison Square
6,900
15% Jan
pfd series A
Garden
4'A %
.
19%
18%
19%
19'/a
29 'A
*28%
29
29
20
10%
10%
10%
19%-
30" Jun 28
'2 3 <4 lay 17
60'A May 9
May io
Jan 23
26
50
AA,
Forbes
&
Macy (R H)
700
18%
f per share'
19% Jan 3r
.'
23
10
—
Mack Trucks Inc
3,100
4,900
:
I per share
1
No par
.-No par
No par
—
preferred
6%
111
*18
18%.
*18'A
18%
450
*430
450
*430
10
18%
20%
20
20%
20
20%
450
*430
19
*108'/a
111
*108
111
*108
111
*18%
19
19
19
*109
110%
*109
110%
18%
MacAndrews
210
.
56%
152
*110
*
y 200
••
56%
152
'
Highest
Par
No par :
& Nashville™-™—™-50
Louisville
156
153
,
preferred.™
7%
5,800.
:
i
34
*33'/a
*153:
157
*153
152
152
34
*33 VB'
34
*33%
33%
153
*150'
57'A
Co
Louisville Gas <fe El
1,600
<
(P)
Lorlllard
200
f
25,%
25%:
59
57'/a
;\-
59
181V
181
26
,*25%
26 Vb
:
182
*179
180%
179
183
26%
59%
;
^
30,500
2,500
,
24 'A
23'/a
25
24'A
24%;
25
33%
33%
56'A
49%
49%
••;
■;
Lockheed Aircraft Corp™
Loews Tnc
1
tione citar Cement Corp
Long Bell Lumber A™.
Loose-Wiles Biscuit
.<;• 47',800
26'/a
57%
20%
48%
28%
26
58%
19%
*180%
26%
*33
57Vz
20%
r.
Year
Lowest
Lowest
EXCHANGE
Sharet
26'A
30
26%
24%
-
180
26%
59 '?'
26
26%
26 Ve
*49-
24%
24%
180
180
27
26%
'■■■■>. 56%,
21
48%
25
■>24%
*179'
29%
26%.
20%v
20% :
20%
48%
20%
.28%;
26%
27
r.j 56%
;
28%; "
share
$ per
$ per share
$ per share
27%,
27%
the Week
Range SI JU j Tanuary 1
YORK STOCK
NEW
Sales for
June 29
June 28
June 27
$ per share
share
26%
26%
28%
Friday
Thursday
Wednesday
Tuesday
June 23
PRICES
SALE
HIGH
AND
LOW
Monday
Saturday
X43
May 29
108% Mar 12
81'/a Jun
7
Jan
26
110
9
13%
Jan
i0
18% July
22
Jan
32 V2
96%
Jan
105 Vz
56
Jan
68
H)V
Dec
110
Jan
106%
Dec
Oct
27.
\
THE COMMERCIAL & FINANCIAL CHRONICLE
24
Monday
Tuesday
June 23
June 25
June 26
( per share
*107
t
June 27
r per
*107%
108%
108%
Friday
June 28
the Week
108%
10
108%
*107%
*107% 108%
Par
38
38
37%
38
36
37'A
*35%
36
27%
26%
27
25%
27%
25%
26 y2
9,100
19%
19%
197/s
19%
19%
18%
19%
18%
18%
112%
*110%
112%
*110%
112%
*110%
112%
*110%
49%
49 V4
49%
49
49%
31%
32 y4
31%
32
74%
74%:
,37%
37%
28
27%
27%
19
19%
19%
1121/2
*110%
'
*110 y8
49
30%
*73
.
30%
31%
'■
74
<
75%
144%
34%
34%
34%
25%
56
34%:
*42
■
33%
56%
34%
33%
24
25%
43
41%
*40%
246%
43
246
246
246
247
*122
123
122
122:
122
122
*121
25%
26
55%
56 %
11%
11%
11 %
11%
*110%
13 y4
92,700
11%
108
112y4
112
11
*108%
■
34%
Xlll
110%
111
54
14%
14%
42%
47%
42
43 y2
50 y8
50y8
50
50
11
11
10%
*54
14
,
55%
14%
13%
Jan
198 Va
Jun
jan
23 y4
Dec
44% Feb
21
33%
Jan
47 y2
Jun
21
193%
Jan"
218
Dec
2
116%
Jun '
122Y4
Dec
19Y4
Dec
Jan
2
251
120
Jun
13
124
■
igy2 Jan
53% Jan
6
-50
53% Jan 16
9% Jan 20
-10
—1
,
Mar
26% Jun
2
-50
,
28
40
15%
Jan
58% Feb
23
52
Jan
56
Oct
Jun
23
51%
Jun
54 3/4
Dec
14
Jun
28
7%
Jun
HYs
105% Jan
9
110% Jun
26
100
Jan
.100
17% Jan
31
75% Jun
28
XI31/4
Jan
110% Jun
29
116% Mar
106
3
112
22%
Jan
26% Mar 27
47% Jun
28
17%
52
11
37 y4
Feb
50
2.50
12% Jan
3
pfd—100
107% Jan
12
1153/4
Jan
46
April
6% Jan
2
Norwich Pharmacal Co
1093/4 1093%
100
Ohio Edison Co 4.40%
173%
35,800
Dec'
Apr
317/a Dec
50 y2
.
Dec
1
41/4
Jan
16
40y4
Jan
53
Oct
14% Jun 18
12 >/4
May
16
Jan
109
Dec
UV2 Jun
7
July
*
—„
2,300
Jan
Oct
Dec
'
—
Sep
57
-50
..
Dec
18 % July
443/4 Dec
14V4
219
,
129
Telegraph—.-50
13%
13%
14%
Jan
7
Norwaik Tire & Rubber——No par
Preferred
-50
3,900
'
30y2
22
Dec
293/4
:
24% Mar 14
18% May 24
37% Jan 20
pfd-No par
.——No par
Airlines
Northwestern
220
55%
*54
Jan
Jun
Dec
Dec
118
.
Jan
11%
Jun
Northern Central Ry Co
11,900
10%
10%
11
55%
*54
24%
56
preferred series
5%% preferred series
Northwest
8
190
Northern Pacific Ry
;
Northern States Pow $5
130
111
47
50%
39 y4 Jan
Dec
23%
35 a%
Jan
25% Jun 23
Dec
50% Aug
,
Jan
2
100
North American Aviation
78,100
19%
62
Mar 26
6%
.
109
Jan
15
Mar 26
North American Co——
210
'
—
32%
31%
50%
11% ;
54
,
112
y4
45%
'
11%
14%
25
14
*111%
56
14%
110%
'■■■ 12%
12
31%
46%
11
*109%
400
Xl08%
50y2
.14%
500
56 y4
35
45%
*54
*14%
56
56 y4
111
•■■'■50%
11
*55 y4
56%
34%
50%
35,300
55%
*110%
45%
257/a
26%
15%
2.
Jan
pfd—, -100
non-cum
Jan
18Ya
.
35% Apr
,
16
41
Western Ry_
Jan
Jun
148
162
Norfolk
Dec
July
97
15
-60
.
—1
Adjust 4%
75%,-Jun
35
>22
17
par
N Y
80
22
.100
13
28
No par
$5 non-cum preferred
N Y & Harlem RR Co—
&
Jan
Dec
Deo
Apr
Apr
27%
28% Jan
No par
——No
—
32
22
103% Jan 23
100
200
55%
*
Dock
Mar 22
Highest
# per share
161/4
26
670
-.■■.
104
12
32 y4 Jun
Jan
45
217/s Jan
SMpbldg Corp part stk—.
Noblitt-Sparks Industries——. —5
122%
*120
110 y8 Apr
51% Feb
109
No par
.—No par
—; 100
—
Central-
New York
4,200
25%
.
35%
44%
19%
*56%
26%
55%
56%'
110%
50%
33%
56
122%
34%
112%
50%
*121
110%
>
44
50%
10%
■247
11%
.
35%
112%
"
113
42%
*54
12
11%
-
*112%
55%
*56
56%
*56
*110%
__
33%
33
,
26%
55 Ya
55%
55%
56%
26%
25%
•
56
-
249%
122%
248
41%
248%
9
York
Chic & St. Louis Co
preferred series A—
N Y City Omnibus Corp
20
248
43%
197/s Jun
800
'
42
43%
247-
26
53
195
19%
43%
57
53
*190
190
20%
20%
57
190
19%
20%
*55
!
52%
52%
,
20
22
33
-10
6%
290
195
20
16% Jan
N Y
2,500
23%
*23%
*190
246
25%
56%
*52%
33%
33
33%
25%
137
135
22
25
i—-.
Year- 1944
8 per, share
108% Apr 28
;'39% Feb 28
; 28
Jun 23
4
Jan
New York Air Brake
3,800
1,200
71
69%
73
105% J in
18% Jan
New
182,900
30
.
share
—1
1,300
49 y4
28%
135%
*23%
20
*42
43%
69
134
8,300
:
112y2
48%
49
31%
29%
74
142
195
*190
190
19%
20%.
,
*52%.
55
190
*48 y4
'Y
142
73%
144%
34%
34% V"
*23%, 26
144%
26
55
195
;
144 %
*23%
25%
55
*187
19%
32
■t
74
'•
144%
*143
:
49
49
■'
# per
Lowest
Newpprt News Ship & Dry Dock. —1
$5 conv pi ef erred—.
-No par
2,000
26%
37
'■
Highest
f per share
pfd 100
New Jersey Pr & Lt Co 4%
Wewmont Mining oorp
—
Newport Industries—
'
'
37
27s/#
'
Range Since January 1
Lowest
Shares
t per share
* per snare
mare
Rangefor Previous
NEW YORK STOCK
EXCHANGE
Sales for
June 29
Thursday
Wednesday
«
c per mare
108%
*107
108 %
1
par tnare,
STOCKS
SALE PRICES
AND HIGH
LOW
Saturday
Monday, July 2, 1945
55
Mar 17
Jun
O
18 3/8
29
111%
143/a
14%
22%
273/8
*163
'
*109% 110%
183/a
287/B
110Y4
1103%
111%
153/8
14s/a
173/4
14 Ya
116
115%
21Ys
*115
1153/4
21%
2IY4
22
18%
17%
27Ys
■■':■
111%
■14%
28 3/4
26%
111
115
-
27%
27%
27%
163%
*162%
163 V2
14
143/4
115
21
'
263/4
263/4
28
20%
4y2%
100
/■'
*25%
77
67
67
:
27
*25
77
*75
67
663/4
14%
14%
14%
•
14%
14%
14%
*14y4.
convertible preferred—100
1063/b Jan
3
11% Jan
3,100
Oppenheim Collins
3,700
Otis Elevator
163
60
263/4
67
*25
257/a
*24
77
.
*75
77
*75
67%
67%
14%
14%
69%
14%
14%
25
6%
14%
100
77
77
10
69%
673/4
25
77
:
67%
67 3%
4,700
14%
1,300
14%
14%
14%
14 Va
14%
13%
I33/4
13%
135/a
7*13%
14
65
65
64%
64%
64 y2
64%
64%
65%
29
:
1st
Coast
Jan
2
69 3% Apr
3
55'%
Feb
64
Jun
107/a
Jah
14 Ya
Sep
8l/2
Jan
13
Apr
Sep
48%
Jan
Dec
30
28%
423/8
X41%
413/4
40
41%
8,400
Pacific Gas & Electric——
53 y»
523/4
523/4
52
52
1,300
52%
52%
51%
51%
51%
52
51%
52
51
53
51
51
2,500
Pacific Lighting Corp„
Pacific Mills—
*131%
132%
131% 131%
*131%
132%';
131
*174
176
131%
*130
131
*130
131
130
173%
174
xm
172
*171
173
210
67/8
6%
6%
6%
7
20%
*174
20%
20%
*19%
176
6%
20
7%
7%
21%
22 %
6
20%
20%
34%'
33%
34%
421%
43%
42%
44
31 y4
:
6%
70
20%
20%
:
20%
,
.7%
207,200
16
200
32%
333/a
*1073/4 108
53/4
57/a
*65
70
*108
31%
70
270
Paraffine
7
4%
*108
*68
70
118%
Paramount
42
41%
44%
42
44
12,100
Park & Tilford
3
17,600
Park
31/8
3iy4
25
10y4
20%
20%
21
70
68
3
313/a
25
10
68
30%
30%
30%
31%
16%
17%
16%
17 Ve
.
,
7
■■
:
85
7%'
3
31%
9%
30 3%
245/a
31
*24lA
y8;
23/4
24 y4
,10
9(1
303/4
21
■/'
21%
;
87
16,700
14,600
*67
69
117
117
2,900
37%
345/a
36%
33 %
16%
143/4
153/4
15
7%
7%
67/a
73/8
6
118
353A
39%
40 y2
40
40%
233/4
81
.
*23
81
7
233%
v112
39 y4
39 y4
39
39 y4
39 y2
*39
.
*33%
85
7,300
78
79
23
23
Penn
200
Coal
5%
21%
21%
22%
22%
23%
41%
>113
116%
.
33%
34
34
34
33%
33%
85%
86
87%
88
88
87%
87%.
201/4
21
173/4
20
18%
183/4
23%
22%
23%
22%
23
22%
223/8
41
116
116
*113
*28
29
*28
*107%
108%
22 »/4
22
28%
28%
51%
*31
114%
112
105
29
*107%
108
107
28 3A
*107%
*119%
36% :
114
36%
*111%
19%
*18%
118%
*116i/2
us
.111
1193/s
35%
110
114%
*111%
203/8
183/4
*116%
•
J273/4
119%
*119%
120
37%
35 Ve
36
111
X109
115
*112
183/4
120
10
7,800
110
,
17
31%
*116%
49 y8
51%
49%
51
16%
17
16
16
313/8
;
313/a-
31%
31%
30
.
*106%
108
*106%
108-
*1065/s 108
*106%
108
*105%
*117
135
*117
135
*117
*117
135
*117
.
6%
,
6%
86
*84%
1
*9
T
9%.
6%
6%
85 y4 :
*84%
851/4
9%
9%:
9%
:
19%?
19%
19%
8%
11%
8%
11%
8%'
..:
150
11%
*107
".94
8%
-
•y
11%
150
11%
67%
69%
90
91
4i
41
41
*40
41
*196
98
23%
*23
*27%
98
23%
100
*95
23%
*27%
28
18%
18%
20 y4
20%
20
*20%
1,300
12%
150
■
90
41
68%
90
■41 77
16%
11%
77/a
8
105/e
>107
16%
67 Ya
62
86
87
*95
38
14%
320
39%
*95
.
1,900
IS
4,400
100
21%
97
97
23
22
22%
27%
.
97
27%
18%
27
.271/2
*26%
27
26%
18 y2'
18%
18%
17%
185/a
17
17%
5,600
21%
2iy8;
213/4
19 5%
21Ya
19 7/a
205/s
47,000
21%
21%
*20
20%
*20
20%
300
65
65
*59
62
*60
62
500
*21
ipo
'22%
22
100
22%
3,100
400
263A
62
62
62%
63%
21%
64
5.9%.
80
59%
60
59%
6OI/4
60
60%
59%
60%
59%
59 Ya-
25%
25%
25%
25%
25%
25%
253/8
25:,/4
23%
25%
23
23 Ya
*59%
.
Dec
26%
Dec
Dec
108
Mar 22
105 %
Oct
93/4 Feb 28
7 /
Sep
(Chas) & Co Inc
8
Dec
25
•
6%
conv
Jan
No par
Jan
xll9% Apr
il
Dec
1
20%
Feb
263/8
Dec
26
49%,
Jun
597/a
Dec
Jun
27
88%
Jan
108Ys
Dec
26 3/a Jun
2
—J00
40% Apr
25
19
217/a
Jan
113
2
2
9
.
Mar 27
90
Jan
4
117 y2 Jun
Feb
6
113
111
120
Mar 29
11
■>
96
11%
Feb
16%
.
x98
Mar
42%
2
55
Mar
20
May 23
9
23%
Jan
117
Feb
28
July
105% Nov
108
Dec
25
28
8% Jan
2
5
Jan
1
61
Jan
Feb
94
26
85 % Jan,
Mar
10y4 Feb
8% Mar 22
19
7%
68 3/4
*8%
92 %
Apr
Feb
96
Mar
7
20
1
May
Nov
14% July
313/a Jun
82
Oct
July
48% July
108% Feb
Jan
Oct
Apr
2
'
Oct
July
Sep
6% May 22
Chemical Co—No par
preferred-.
No par
37
Feb
May 24
25
107
&
1197/a
Apr
Jan-23
44% Jan
•263/e
82
213% Jun
143/a Jan 20
.
May:
233% May
117
Apr
24% Jan
28% Apr 16
Apr 19
£22
40
May
313A
No par
Jan
5
67 v4 Jun
25
107%
9J/4
3
293/a Mar
23
21% Jan
preferred———r—100
Coke
Jan
57
.
28% July
107 V2 Nov
24 7/a May
20% Jun 28
106% Jan
—
233% Mar
ll3/s Mar
93/a Jan
I
new
preference com—-
5
-
Dec
Dec
10a/s Nov
80
Nov
11%
190
Jan
6 % Jan
205
2
4
17
Dec
Jan
171
Mar
183
Apr 27
Jan
164%
153A Jan ?1
preferred.————100
4,000
22,400
Plttston Co.
*
(The)
Preferred
Plymouth Oil Co—
—No par
Apr
190
Aug
'74% Jan
27
..No par
106
116
840
6%
120%
120%
120%
120%
120
120%
II934
350
7 %
135
135%
136
135
135%
1343/4
120%
134Y4
320
B%
preferred
preferred
9
8%
„100
—
—
Jan
110
Jan
100
121% Jan
3
14 Yv Oct
69
16 Ya
May
Sep
18
833/4 Nov
19 y4
Jan
25
8Ya
Dec
28
11%
Api
Apr
13 Va
21 Ya Jun
18%
Dec
27
11% May
I8Y4
Dec
Jun
27
35 %
55%
623% Jun
4
26
Jun
109% May
X117
Jun
123 Ya May
4
—
22 3/4 Aug
Nov,
175
19% July
11
30
65
16
100
:■
21% Jun
106% Jan 30
—
Dec
19 y4 Jun
2
102 s/8 Feb
Jan
Jan
283/4 Jun
■
Mar 27
'
Dec
6134
73
Nov
Jun
98
17% Jan 30
50% jan 22
—50
67/e July
93/a July
100%
11%' Jan
175
253% Apr
3
,—3
preferred—
120%
6
Jun
173% May 22 .■<
12% Jan,
8
165/s Jan 22
17
115%
990
24 y* Jan
.^No pat
u
1
Pub Serv Corp of N J——No par
$5 preferred—
No par
105
Sep
57% May
198
2
55
105 y4
.
17% Jan
No par
116
45
26
19
27
'
——5
Gamble—
J Od 3/4
26
Jun
433/4 Jun
2
,9
——--100
Apr
Sep
91
19
5% conv 1st preferred
5% conv 2d preferred
115%
-
Jan
Jun
Steel Car Co Inc
Procter &
21 j
198
20
12% Jan
Poor A Co class B__;
Pressed
Feb
May 28
105
49% Mar 27
68
Jan
6%
693/4 Jun
99
:
4%
82
9: '• Feb
12% Jun
2
8% Jan
Mar 10
:
I——_i
Pond Creek Pocahontas,
105 3/a
22 y8
2
115%
For footnotes see page 27.
2
5
104%
134%
Jan
26
Jan
Corp of America——8
115
134%
Dec
106% Jan
2nd preferred———100
106
133%
Dec
173/4
,32
Dec
116%
1353/4
70>/4
Jan
Dec
115i/4
'
Jan
5y4
65 y4
1051/4
/ 119 % 120%
Jan
55
jan
106
-
21%
18
33'%
117
116%
19
25
105
106
135
.
Jan
28
May 29
116%
106
115%
*120
.
Dec
33% Dec
Jun
88
30
Pitts Screw & Bolt—
2,710
22%
22
183/4
112
23% Jun
6
2
Pittsburgh Steel Co———-No par
1% preferred class B—100
5% preferred class A—
—100
5% % 1st ser conv pr pfd—100
Pittsburgh & West Va—
—100
Pitts Young & Ash pfd—-—100
*196
16
Dec
Aug
Jan. 29
6
1%
9,500
64%
90
,40
«
X70% Nov
25% Mar
Jan
Pittsburgh Forglngs Co—
12,000
113%
64%
15%
Feb
Mar
110 y4 Mar
Apr
Pitts Ft Wayne & Chic Ry———100
150
88%
38
5
'
8%
12%
150
*196
*196
7
16%
7x7%
*107
16
18
40% May 29
2
Jan
377/a
26% Mar 19
113
Apr
85
"lO
21%
21%
20
18% ♦19
20
5
173/8 July
Jan
63
•Pitts
60
97
'
19%
2oy8
68
:
161/4*
28
18%
.
—
8%
U%
*110
68%
16%
19%
:
8 3/e
12
150
88
16%
94
*200
*107
*196
19%
5,800
*93%
Jun
3
May
24%
Jan
2%
26
-
Pittsburgh Coal of Pa——100
'
*195
87y4
iey4
18%
1,200
9%
*204
67%
16
94
82%
*9
*195
86%
*40
94
82%
*19
67%.
*196
83%
79%:
2,400
*195
86%
.
93/s
6%
91
Mar 26
Jan
Apr
9Va
,
100
,-j
$4 preferred ■—7——I—No par
I^ittS C C St St Louis RR
100
6%
*204
67%
;
94
83
6 S/8.
19%
■,/
♦204
'
*107
85'/4
ioy8
6%
-IL
■8%:
8%
*195
:
205
205
207
85
93/4
94
19
*195
*195
*204%
6 s%
6%
10
94
93% / 93"%
94
*18%
6% V
84%
6%
21
Dec
Dec
NOV
116 Va Jun
nreferred
Hosiery—
,———5
Pillsbury Mills Inc—————25
135
135
Jun
Milk Co———No par
Phoenix
IO73/4
135
23
8
13%
27
173/b Jun
2
113
19 Ya
Phillips Petroleum
600
31
108
*117
933% Feb
'
—
900
*106%
May 17
21 Ya Mar 27
Philip Morris & Co Ltd—
—10
4% preferred
-100
Phillips Jones Corp
No par
1% preferred—_100
.5,700
17%
123
July
96
7.7 4.4%7 preferred
Philco Corp—
120
51%
120
9
8 3/a
Apr
Jan
$1
400
51%
511/4
16%
51 %
37% Jun
69
——
1,400
is y2
591/2
May 28
33 Ms Jan
Phelps-Dodge
115
18
20%
72
Jan
Pet
12,600
3,100
*163/4
5iy8
16%
*31
373/a
*116%
•
52
16%
30%
120
*183/4
:
51%
*30
27%
*111%
20
*116%
28
111
114%
19%
28
36%
110
110
273/4
*1193/8
.120
36%
.i'.;:-
273/4'
20
.
.5
10 %
4%%
67
12
43/a Jan
15% Apr
54 y2
5%
600
113
24 y4 Mar
22
19
$6 preferred
-No par
Phila Electric Co. com——No par
66%
18%
18
100
25 5/s
112
26s/a
27% Feb 28
10Ya Jun 25
62
Corp—————25
Philadelphia Co 6% preferred—50
66 3/4
333/a May 17
Dec
11
22,900
1,250
263%
'31% Aug
23% Jun
1
5
Dec
2»/2
43% Jun
28
111%
Apr
Feb
1V'2
117% Jun
27
66%
37Ye July
2
29
25%
Sep
Apr
19
273/4
111%
Dec
30
19%, Jan
29
26 3%
33/a Jun
July
109
Jan
27
5
20
61
Jan
233/8
92'/2 Jan
28 3/4
66 3%
103
Marquett^SPtjj-Gdfl————100
29
113
6
5% prior preferred———100
'Pere
Pfizer
26
.
Dec
114% July
53/4 Dec
Jan
393/a Apr
108
9%
Jan
45
341/2 Jun 22
8
Jan
112
—33Mic
Jan
2%
5
14% Jan 23
2,80£
283/4
109 «A
Jun
71
16
17%
28
Mar 12
30% Jan 18
-^.7——
6
6% Jun 25
40
'epsi-Cola
26
10
4
.——-—50
28%
-
Sep
7Y4 July
28
Mar
.,
21% Jan
par
.-100
—
RR
34'/a Jun
113
37% Mar 28
400
283/4
^.^No
preferred
Jun
123/a Apr 13
Corp.—1
Corp—
10
5,800
*111%
31%
Airlines
Cement-
21
27%
.
J an.
106
20%
111
:
38 y4
*111
403%
18 % Jan
No par
-
215/8
*109
'
Co
20%
120
36%
17%
107
37
114
Jan
6 3A Mar
59
22
27%
119
38
*111%
56
par
—No
21%
27%
6% Aug
19~% July
43/a Mar 20
Enterprises——10
Petroleum
27%
Jan
173% Mar
29% Apr 26
1073/4 Jun 15
Pfeiffer Brewing Co—i———-1
27%
50%
108 y4
65%
3%
"83/4 Feb
73/4 Jun
27
29 y4 Feb
1,400
27%
*16%
29
112
2
21% Jan
29
*119%
5% Jan
133/a Jan 31
-2.50
1,900
67%
Feb
16 Ya Mar 26
No par
9%
113
26%
123/4
2»/4 Jan 24
11%
66'A
7
_1
11
26
22% Mar
Mines—1
ex-privilege
93/8
*111%
3
45 % Mar
11%
■
Jan
323/4 Jan 22
221/4
66%
4Ya
109 y8 Apr
93/8
26% "
17
108% Jan 17
27% Mar 26
22
113
73/4 Jan
3
1
—
11%
26%
23
8
16% Jan
par
22%
..
Jun
Mar
6
I}«ftnTr~A^>^.stern Ry Co——100
600
39,300
4,200
No
93/s
66%
*116%
Dec
163
11%,
*111%
20%
123 y2
93/s
26%
114
Apr
Jan.
Hi/4
66%
*19%
117%
149
9l/4
113%
*109%: 111
13
175
11%
26
36%
1323/4 Jun
160% Jan
.9%
:
11%
*112
120
1153/B
*107%
Dec
*11%
9%
*11
108 »%
*107%
108%
9%
9%
423/4
Pennsylvania Salt Mfg Co——10
Peoples Drug Stores Xnc^.——--5
Peoples GL1 Coke (Chic)—100
2,700
116%
29%
Jan
Jan
—No par
Coke
&
Pennsylvania
1,400
21%
115
11%
*111%
1,200
40%
9%.
36%
38 3/a
1143/4
11%
*119%
38
42
115
.
39
35
41%
42%:.
*28
66
39
116
29
28%
21,900
*113
y 115
,''■■■ ,22 ■.''■•■
38 3/4
117%
42
'■
115
*107%
38%
*114
42
*28
:
40
23
22%
22%
.
38%
85%
21%"
25 y2
$7 conv pref ser A
—No par
Penn Glass Sand Corp——No par
900
.
40%
:
'
Dec
38% Mar 27
121 y4 Jan
3
54% Jun
——100
Ford
Fenn-Dixie
*112
39%
*39
&
Penn-Central
13,300
67/a
■
21
,85'
84%
;
*34
35
*33%
34%
85
■,
y4
39%
Dec
48
Transportation
Penney (J C)
28,000
15 y4
Inc
*
86
*22%
118
*112
40%
35 Va
Jan
——100
Consolidated
Patino Mines &
Penick
•
39%
Jan
393A
Pictures Inc
Utah
Parmelee
10O
119%
*84
23%
*22%
*112
25 s/a
30
27
5
Parker Rust Proof Co
600
93/a
20%
:
20%
69%
15%
7%
86
23%
*21
*112
*68%
33%
16%
7 y4
17'A Jan
26
53 »A Jun
No par
Parke Davis & Co
5,500
243/8
9%
119%
32%
15%
86
86
85
-
*21
*112
31%
:■
iVa
7
120%
3
42% Jun
3
preferred—-——-100
conv
18,100
25%
119'
119%
118
*117%
32V2 Apr
2
Inc-—
31% 733%
10%
*68
70
Cos
33%
'
*68
24
Panhandle East Pipe Line—No par
5.60% preferred
—100
Panhandle Prod. & Ref.——1
8,800
12,500
32%
3
•
Jan
Packard Motor Car—
-No par
Pan American Airways Corp—__2y2
Pan-Amer Petrol & Transp—
8
180,500
26 Ya-
■
33%
20%
10%
34%
*67
7
2,700
15
■
.
*
107%
5%
33
20 3A
41%
■;
39
18
34% Jan
-
& Telegpreferred
33 y4
3y8
31%
24%
10%
20%
107%
63/s
*25
31%
24%
10%
*24%
337/a
10
31
25
10
3iy4
-
43 V8
66 3/2 Jun
48
Pacific Tin Consol'd Corp——1
Pacific Western Oil Corp——-10
12,000
243/4
■
155/a
*108
33%
3
3%
■
3%
75%
27
15%
107%
*67
42y2
3
3
;
7 Va
243/a
16%
61/4
70
33%
,
.
25 y4
7
20
20%
33%
*108
33%
73/4
*
107%
6%
V *67
*108
*108
33%
108
ey4
70
*67
70
*67
33%
6%
6y4
7%
22
*15%
16%
*107%
107 Va:
107%
%
.
.
22 y8
*16
,
33%
33 Ye
33 y8
7%
7%
21%.
16%
*16
15Ye Mar 17
9
'
63A
7%
6%
'
.7%
IS3/* May 21
20
24
-25
No par
Pacific Telep
6%
2
11% Jan
45 V4 Mar
preferred non-cum
30
6%
13% Jan
———10
Co—
.-No par
2nd preferred non-cum—No par
740
Sep
58
42
108
Dec
24 y2 Aug
Co—12.50
Glass
297/a
6%
14%
157
Dec
531/8
33 y8
Jan
75'/a
53
*107%
May
8%
Jan
42%
16%
Apr
147
64
30%
21%
18
7
5
53
7%
16
6
42
16%
22
Mar
30%
21
Jun
28 Ya Feb
164 y2 Jun
28 y2 Jun
53
•■;■'■.
23
2
26
22% Jan 30
Pacific Amer Fisheries Inc—8
Pacific
Jan
79
42%
20
7
Oct
113% July
108
Dec
Apr
99% Aug
7
30%
*19%
Jun
Oct
108 y2
Dec
8%
•
Feb
53
175
117
4
105
5
74
30%
29
155
—2.50
———No
—
Owens-minols
430
6%
16 3% Mar
20y8 Mar
28 Ya
par
Outboard Marine & Mfg.
42
173 J/a
Jan
23 y4 Jan
.
—100
42 '/a
*52%
153/8 Sep
23% Nov
13% Jan 22
~—~No par
53
41%
107
10
—
—
—
preferred——
Outlet Co—
300
66%
30%
30%
104% NOV
28
2
26 Ya
*162
163
%
66
66
.65%
7
20y4Feb
8
30Ya May
113% Mar 14
■
163 %
*75
263/4
263/4
1113% Mar
Mar 27
24% Jan 24
Omnibus Corp (The)
———8
8% conv preferred A———100
20,400
'
*75
No par
20%
26 %
27%
Oliver Corp.
240
s
i4y4
115'
V/
17
CO————/v0 par
onio Oil
6,000
110%
'
115
21%
163
:
110
111
14%
163 y2
27Y8
27%
*
%'
18%
28%
116
223/a
22
22%
27Ys
,,
18%
29
•147/8'
*115%
116
*115%
18 %
28%
111%
*110%
14 Ya
■/
18 y2
23
111%
..
*i09% 110%
110
29%
■•;■■■ 18%
18%
283/4
*109%
*109% •110%
.
21
2
14
,
'25
May
523/a May
13y4 Jan
59
May
Dec
July
18 3/8
Dec
18 3/8
Dec
87 y2
Jan
96
Jan '
1093/a
:
Oct
9
J04V4
jan
113% Nov
138% Mav ' 3
113%
Jan
122%
Dec
.
'
'1
•
'
,
Number 4399
Volume 162
:
■
•
"
r
,
...
•
CHRONICtE
FINANCIAL
COMMERCIAL &
THE
STOCJC REjCORD
NEW YORK
Range for Previous
STOCKS
AND HIGH SALE PRICES
Wednesday
Tuesday
LOW
Saturday
June 2'.i
•>
Monday
June 25
t
per share
$
115'/a
*103'/2
17
17
:;/17
17
109
26%
26%
16%
17
13'A
-
26%
13%
17%
*17
18.200
'L-L
108%
300
26
26
52 y8 July
7
14%
Sep
18
9
22
109%
Jan
115%; Nov
103
Jan
108 Va
Dec
30% Jun' 14
19%
Jan
24%
Oct
55
Jun
21
Mar
111% Jun
19
115% Apr
Jun
109
4
3
k
22 /.
12% Jan
Feb 16
18
Mar
16% Aug
-It
15% Jan
10'A Jan
2
137/a Jun
18
8%
Apr
12
par
78% Jan
15
87% Jun
23
69 '/a
J an
80'/a
par
1
Jun
25
7%
Apr
10% July
Oil Ref Corp.
Quaker State
500
26
Jan
24
22 ya Jan
Feb
Nov
37%
22
May
share
119%
113%
Jan
106
Highest
I per
f per share
20
Jan
118
29
47% Jan
17
1944
Year
Lowest
I per share
share
Jun
115
par
par
par
100
109
No par
Purity Bakeries Corp—
3,200
•
17
*16%
17
♦16%
19%
107'/4
26% '
26
,
*
110%
*107
109
17 400
112
♦llO'/a
112
Pub Ser El & Gas pfd $5— No
Pullman Inc—-——, -—.-No
P"re OH (Thej_
———no
6% preferred
.
5% conv preferred—.
370
53
19 %
20%
19%
*111
112
t per
Par
Shares
115%
52'/a
54%
52
20%
•
109
26%
26%
20
,
*111
109
26%
26 'A'
20%
112
*110%
110 Vs
*109
l\pVz
2 8'/a
54%
55
20%
20 Va
112-*:
*noy2
11
54
54%
20 %•
20 '/a
20
EXCHANGE
115
115%
115%
116%
54%
116%
116%
the Week
Since January 1
Lowest
Highest
Range
NEW YORK STOCK
$ per share
S per share
share
t per
per share
116 Vs
116 Vs
53 %
53%
53 Vs
*110 %
I
share
per
*115
116
June 26
June 28
Sales for
June 29
Thursday
27
June
Fridav
R
86
86
86%
*86
9%
9%
9
101 Vz
101%
101
101%
104%
10
104%
104%
104'/2
104%
37%
37'/a
37%
37%
37%
—
9%
1,220
410
104%
36
36
36
R&dlo-Keith-Orp" yum
6% conv preferred
Ralston Purina Co 3%% pfd__.
76,-400
104 %
100
104%
3o
$3.50 conv 1st
100%
8%
9%
101%
9%
900
No
preferred—-No
Corp of Amer__
Radio
95,100
87%
*87
87%
86%
101
10
101%
100
100'A
J—* OO
13%
9%
9%
9%
133/a
86
86
86
85 %
*-
13%
13%
13'A
13%
12%
12 %
13%
12%
ttaybestos Manhattan—^4
Rayonler Inc
$2 preferred i—::
—
Reading Company
600
109
36%
36%
*36%
223/a
„21%
19%
20%
21%
21%
21%
20
22%
22%
22
22%
36%
36%
36%
36%
283/a
26
25%
26'A
27%
28%
"27%
27%
27'A
27'/a
12,200
27'/a
36%
27 %
14
36%
36'A
36%
36 '/a
36%
36%
36%
48%
47
45
45
44
42%
42%
20%
19
19'A
3,300
120%
120%
*117
123%
140
79
77%
22%
22%
600
Reliable Stores
24 '
22%
78%
23%
77
Reis
78%
160
30%
31
31
600
28
27
9,200
Remington-Rand
27 :
,
50
*48%
49%
*43%
45'A
*43%
45
*20
20%
;20'A
121%
•118
:
50
45
44
44
20%
19%
20%
121'A
120%
20%
*119
121 y4
78'%
79%
*23%
23%
*23 y8
24%
*30'A
31%
*30'/2
31%
10: •;
24%
25
10%
10%
25%
25%
*111
*109%
*109%
110%
2
101% Jun
104% Jun
pur
34% Jan
15
__1
16
*105%
'
19%
19%
35%
35%
39'A
21
■!:
19%
19%
39%
39%
20%
20%
20%
*38
.
,,
12 y4
25%
*24%
7/. 8%
;/7 8%
8'%
•23%
24'%
*23%
24%
*36%
37%
36%
37
20%
21%
45%
45
45%
21
21
21
114
114
7
21
21
.
,-r. 45
20%
114%
*114
11%
65%
65%
106%
*105%
65
*105%
•f
*48%
19%
8,000
12
11%
12%
7,600
24%;
25'A
24 %
24%
4C0
/'
8%
8%
107
*106
107
8,600
*"44%
451/8
44
44%
5,100
20%
21'/a
20%
20%
6,900
*111%
112 74
140
112%
68%
113
*112
112
*110%
112
26%
8%
118
us
21%
21%
117%
25%'
113
;
9 ■'
'
23'A
22%
90%
y
90%
91
14 y«
;
14%
14
13%
14 y8
76
76
76.
16%
16%
17
61
62%
61%
61%
*60%
26%
27
27
27%
27'A
7%
7%
22%
90%
14
*75
v
s
7%
7%
*38'A
38 %
*34%
35%
7%
,
38%
35%
:
%
52%
18
18
23 : '.
23
73%
73
74%
33
.32%
32%
167/a
*22 Vo
73% '?
*32%
16%,,
16%
16%
*
49
49
22%
50
172
170%
31
30%
30%
20%
20%
20%
54%
55
54%
57%
...
49%
50%
49%
52%
:
80%
80 %
8'A
8
y
14
88
33%
33%.
*69%
16%
*53%
31%
32%
31%
69%
'69%
*68%
*53%
54%
90%
90%
90
42%
42 %.
42%
,
,V'..
90
90%
90%
y
43%
43
43%
*112%
112% 112%
108%
108%
109
109
108%
*108%
109'A
108%
108%
108%
36%
36
36
*112%
113%
7%.-
7%
94
*93
107
36
*112%
7%
*112%
113%
7%,
7%
57,900
50%
32,800
79'A
80%
2,100
88%
88%
15%
15%
5,000
/ 7%
7%
14,400
12%
12%
81%
/
,15%
,
*84%
36 i/a
36%
30%
32%
:
13%
84%
90%
90
90%
89
42%
42%
41%
42
112%
*111%
113
X112%
114%
*67
108%
108%
*108Vft
3.6%
35%
35%
35%
*112%
113%
*112%
7%'
108%
*108'/a
109
,
6%
7%
92%
89%.
107
102
16%/
15%
67
67
68%
113
*112%
!%
/ 8,800
6%
6%
7%
89%.
*87
91%
/
300
3,200
103
101%
107
10O
5,900
35%
34%:
i%
36
113%
44%
45%
44%
45%
431/a
44%
42%
43%
17,000
45%
38%
391/4
38%
39%
38
38%
37%
38%
38%
21,600
38%
65%
65%
65%
65 %'
65%
21%
21%
21%
128
*127
*125%
65%
'
21%
■
127
65%
64%
21%
21%
*125%. 130
21%.
127
21%
*125
6574
.
14'A
12%
18,700
63%
62%
6,500
21%
21%
21%
130
*123%
130
-
100 '
12%
13%
55,000
37%
37%
1.200
36
.14%
36%
5,500
13
13%
13%
13%
137/a
14%
14
38%
38%
39'A
38%
39
38%
38%
38
38%
38%
35%
36'A
35%
361/a
36%
36%
35%
36
36%:
35%
20%
21%
19%
20%
19%
13,000/
21%
20%
20%
21
20%
20%
20%
18%
18%
17%
18%
16%
27.700
18%
17%
17%
19
18'%
19
17%
20%
20%
20%
20
20%
7,600
20
20
20%
20%
20
15%
15%
151/4
14%
15%
14%.
24,200
14%
15%
14
15
15%
14%
251/a
26%
25%
33,600
27%
27%
271/4
24%
27%
26%
62
61%
62%
62
*124%
124%
.27%
27%
27
62%
62%
*62
*124%
124%
6%
124%
6%
6%
6%
6%
14%
15'%
14%
15
14%
27'A
27'A
27%
27%
26'A
115
114
*112
30
30
30%
34%
3 4'A
33%
33,%
23
23
23%
24
*112
*29%
For
footnotes see page 27.
*112
20'/,
63
6%
*112
114
34
30%
34
24%
14%
26%
27%
31%
*24'A
■
62
*124%
27%
114
31
■
'
■■
62
*60%
62
124%
;
14%
13
26i/4
25%
251/a
111
28%
112
31
310
'
&
3
16
Aug
Steel
30
Jan
8'A
1
27'A May
21% July
16
Apr
110% May 28
99%
Jun
105
Dec
110% May 18
87
Jan
102 ya
Dec
4
16
26
Jun
•26
3
11% Jan
18
87% Jan
2
15% Jan
5
108% Jun
Jan
12 y4 July
63
Jan
88
Dec
16%
Dec
6%
23
106% May 14
22% May 21
Apr
Jan
2
2
2
35% Jun
Jan
85 ya
Apr
6
8y4
Jan
15% July
35% July
21% Mar
31% Jan
10
13
14% Jan
98
Apr
107
28'A'
non-cum
27
28
Jan
39% May 31
36
May
16% Mar, 27
21% Jun
26
13
13% Feb
Nov
19 Vb
11% July
Jan
17%
Oct
10% Jan
2
16% Jan
2
6% Jan
22
5'%
Apr
19% Apr
10
25% May 18
17%
Jan
24'A July
Mar 26
39% May 19
25
Jan
34% July
18% Jan 22
21% May 18
14%
Jan
23
Feb
38
Va Dec
'33
—No paf
Corp———J.
24
Jan
23% Apr
X42% Feb
Dec
9'A
Dec
Sep
39%
Jan
109'/a
Dec
37% Mar
45 Va
Nov
28
7
26
30
Feb
23
105
23
111
9
May 29
51
Jun
Jan
Jan
68% Jun
22
9
Dec
115%
110%
12% Jun
2
Xl05% Jun
27% May
5
17
115% Mar
May 14
8% Mar 27
111
38% Jan
1
,
46'A May
23
21
37v
■■/
13
1
May
8% Mar
y
20% Jun
V
Dec
111% May 16
114% Jun
13
109
Feb
115
Nov
1
112'A Jun
25
108
Jan
110
Jan
108% May
23
:
No par
r
Jun
.28
Feb
19
20%
Sep
8
9
Jun
16
2%
Jan
8ya
Dec
84 1
Feb
106%
Dec
16%
Feb
122% May 28
9
22 %
17% Mar 26
1
Jun
1
8
May
Jun
114
111% Jun
,
7
27
10% Feb
14
8
Dec
23% Jun
y
16% Jan '22
27
13
May
32%
15;;;':
July
63%
11%
Sep
14% Mar
78 % Mar'10
72
Jan
76'A
Jan
Oct
29
9Yb
15%
Oct
67% Jan
3
48%
Jan
61%
Dec
28% May
ZZ-
8
20 Va
Sep
28 »/2
Apr
7%
Dec
8'A Jan
41% Apr
2
30% Feb
•
Dec
9
18% July
78 Vs
May 16
15% Jun
1
18% May
Mar 21
Jan
24% July
95
..
25% Mar 27
/:■/ 5%
25 y2 May
19
Mar
7
99% Mar
'■:■/■
—5
3
17
23
Jun
; 36
2
Jan
May
Apr
35 %
Sep
Dec
10%
Apr
Fel)
31 'A
16
Dec
35
Sep
24%
23
12
17% Mar
7
54'A Mar
7
19'A Mar
Mar 26
6
15% Jan
$4.50
Sunshine
400
5,900
34%
*33%
34%
*33
34
300
*24
24%
*22%
24
*23%
23%
400
Corp„
Mining Co__
Superheater Co (The)
Superior Oil of Calif-,
Superior Steel Corp-,;
Paper Co
Sutherland
8weets Co of Amer CThe)
Deo
Jan
14% July
3% Jan
5% July
1
10c
No* par
25
-100
10
35
7
17% Apr 24
12
Mar 26
Mar
5% Feb
3
Jan
1
-
x51% Jun
Apr
20
171% Jun
28
2
31'A Jun
Jan
20
32
Jan
Jan
43 Vo
De<!
26
20
Jan
34%
Dec
81% Jun
26
40%
Jan
69
Dec
54
Jan
82'A
Deo
12
Nov
13 y4
Dec
May
8
9
87% Apr
Jun
4»A
1
Jun
27
12%
Mar 27
8
3 7'A Jan
10
45'A Apr
Jun
11
58
Jan
20
May 25
Jan
2
37% Jun
2
114% Mar
2% Jan
2
67'A Jan
23
78% Jan
23
109% Jun
38V4 Jan
2
45% Jun
8'A Jun
96
Jun
Jan
13%
Feb
79% Nov
33%, Jun
6/
4
1
14
Jan
Sep
57
Dec
38%
Dec
Dec
115
Feb
64%
Apr
115
July
May
113
Dec
111%
5
114% Mar 16
111% Jan
Dec
Jan
29% Nov
48
Sep
110
8
113% Jan
107% May 28
Dec
May
35
50%
24
72% Jun
75
**6
7
116% May
Jun
Feb
36 'A
17% May 29
110
9
22% May
2
May
56
Jan
28
20
92'A May
9
7% Aug
55
25
72% May 29
12
54
Jan
5ya
15
38% May
36
47% Jan
28
Oct
13 Va
23 Va
8% Jun
27% Jan 24
108
Deo
26%
26
15'A Mar
27
76% Jan
Dev
Apr
17'A AU&
15% May
2
Mar
Dec
45 Va
27
Jun
6
89
6% Mar 27
2
7% Jan
Feb
21%
162
52% Jun
.
24
80
Jan
57% Jun
5
11% Jan
Jan
141
22%
21
22',
80% Jan
Dec
28 Ya
14
64% Jan 22
•
20 y8
23 y4 Mar 19
4
32% Jan
_1
100
12%
Dec
Apr
31'A
2
38% Jan .31
■S
No par
No par
-
54 V4
3
17
—No par
No par
,———2
preferred
No par
Sunray Oil
Feb
Jan
26% Jan
series "A"
Spring———1
Stiarrett Co (The) L S
No par
Sterling Drug Inc (new)
.—5
Stewart-Warner Corp„
9
Stokley-Van Camp Inc
.-1
5%
prior preferred—
20
Stone & Webster-,
No par
Studebaker Corp (The)——
1
Sun Oil Co
—No par
Class A pfd (4%% cum)—
100
8,900
Jun
29%
Jan
155
108
27%
110
,
Dec
Jan
2% Nov '■
33% July
116
Sep
4'A July
'
16
33%
Feb
74 y2
Dec
16
40%
Feb
85 Vz
Dec
27
34%
Sep
39% July
2
39% Jun
28
31
Sep
34%
33% Jan
Jan
24
66% Jun
25
50%
Sep
58% July
23% Apr
18
110%
Sep
6%
Jan
11% July
28*
Jan
37%
56
20% May 10J
118% Jan 24
Feb
13
9% Jan
22
14'A Jun
26
35% Jan
20
39 y4 Jun
25
35% Jun
Steel
17,600
Jan
23%
23
40% Apr
preferred™———100
Standard
Jan
Feb
Jan
18'A
Jan
4%
21
/
:>
—No par
No par
$4.50 preferred-,:
—No par
Standard G & E Co $4 pref—No par
$6 prior preferred
No par
$7 prior preferred——No par
Standard Oil of Calif
No par
Standard Oil of ,Indiana
—25
Standard Oil of New Jersey
25
Standard Oil of Ohio.,
—10
4% %;
22
77
42%
Apr
22
•13%
5
26
13%
,1
conv
24'A Jun
30
—No par
No par
preferred,
Squibb (E R) & Sons
$5 pref series A
$4.25 preferred
Standard Brands, Inc
5%
22
'/'/ 48%
—1
—;
2
22% Jun
'
100
stk tr c'tfs
2
41% Jan
—No par
10
preferred—
preferred—
19,100
29%
39%
Jan
Feb
8%
28
Dec
100
37% Mar 13
15
& Ohio
13%
107
Dec
11% Jun 28
102% Jan
1
Del
•14%
28% May 18
102-
8% May 15
19% Jan 22
104% Jan
Corona
25%
*33%
.
15% Jan
—No par
—
(A O) Corp—L—
6%
6%
6%
131/a
2,300
124%
124%
6%
6%
14%
6%
15
30%
20%
124% 124%
124%
Nov
-10
Square D Co———
■
430
110
*108%
110
70
37%
21%
Dec
99 7%
100
No par
preferred——
Conv
800
'
108%
108%
1.08%
,
45%
66'/8
23%
x83% Mar
No par
Coalition Mines.
Spiegel Inc
2 100
'
45%
127
Apr
5
Copper Mines
$2 preference
.510
37%
45
22
99% Jan
—100
,.100
;
——
(The)
Splcer Mfg Co.;
26,300
:,
107
22% Jan
,25
1
Sperry Corp
100
89%
431/4
107
24
,_1
Spencer Kellogg & Sons
100
17
*90
Feb
Steel Corp
$5.59
16,200
17%
108%
7%
Feb
18
—.—
——
Spear & Co——
10
31%
30%
l65/a
92%
11%
27
...100
Spalding (A G) & Bros Inc.——
1
bparks Wlthington
;
No par
1,100
17%
107%
20
31% Jun
Corp——5
Mottle
200
36
69
108%
1*3%
/
a*6668%
X53%
54%
32%
/./
yy 5%
100
,
84%
36
„/'
88
36%
54%
69%
■'
y
8%
7%.
13%
V
/
90
*671/2
106%
*92
53%
48%
*53%
106%
QO
5174
52%
69%
106%
92
56
69%
70%;
*69%
69%
20%
1,200
54
114%
114
35%
68%.
69%
4,100
20%
43
17%
113
31%
20%
90
17%
113
68%
50
171
171
54
'
3,900
.
31
:
-
17
16%
17
.
36%
36%
1
70
;
88
54%
32%
69%
54%
*84%
36%
'
'■'*53%
88
48%
:
2,000
31%
79%
14
*84%
47
i7i%'; :
*88%
15%
8%
*13%/
36%
33%
8%
./■
15%
.:
14
•:
36%
*68%
-"'V.
88
15%
8%
15%
s'A
88
*84%
88
81%
88
24% Jun
3
Typewriter-No par
Socony Vacuum Oil Co Inc
15
South Am Gold & Platinum—.
1
Southeastern Greyhound Lines—5
South Porto Rico Sugar——No par
8 % preferred
—————100
Southern California Edison
25
Southern Natural Gas Co
7.50
Southern Pacific Co
No par
Southern Railway
No par
Smith
44,900
5
22%
'
Smith
44,600
52
52%
*13%
14
*84%
37%
15%
8%
8%
*13
*86%
15%
*13
*36%
y'
'v.
9
Roebuck &
$1.20
700
.
48%
56%
81%
81%
,Jan
22 % Jan
*
5,700
68%
'
20%
20%
51%
.
y
52%
*81%
88
15%
15%
15%
20%
57%
17
Skelly Oil Co——15
Sloss-Sheffield Steel & Iron'—.20
200
-
% 4%
:•/ 22
49
30%
311/4
55%
20%
56%
-52
24
67
22%
-y
171%
173
31%
-7
31
por
No par
Slmonds Saw & Steel—,
No par
Sinclair Oil Corp————No par
2,600
Dec
18
Simmons Co—
2,700
y: 3232
16%
16%
5%
4%.
47%:
*170%
2
,10
preferred
prior pfd ser A
Silver King
50,900
17%
•
*23
•
16%
16%
y
5%
^49%
16%
49%
•
17'4
,
32%
■
49%
'
*87
17%,
70
32
22
*20%
21
81% I 81 Ve
.
87%
*86
'
23
22%
-
300
50%'//
;.y. 68
16%
is %
,4%
■
170 y2
30%
30%
'
5
50
*168
172
*168
;
16%
34
16
22%
22%
34
59%
321/4
♦32
32%
2,200
16%
72%
:'-yy
Dec
Nov
.100
Shell Union Oil
7,900
27,ir.0
49.%
171/a
y
24
71
85 y4
82"% Jan
'
18 Va
*23
Jan
13
.—No par
Jan
3
$5 conv preferred:
No par '••;v.78-.'/'
12% Mar 27
Sharpe & Dohme.
—No par
74
May 15
$3.50 conv pref ser A—No par
13% Jan 23
Shattuck (Frank G)——No par
59% Apr 26
Sheaffer (W A) Pen Co—No par
250
60%
7
16%
52
18
50%
Joseph Lead-
Sharon
2,200
27%
23
52
I
37
35%
17-,'
/'
:
6%
36%
.
35%
'
50'/8
22%
;
16%
;
y
26%
6% ■/;" 7%
38%
37;
36
*35'A
73%
.
49t/2
22%
22%
28%
4%
5
4%
4%
■
60%
27 %
24
•
73
60%
27%
18%
*23
,:
60%-
7% ,/ 7%
38%
38%
52%
•" i6%
"
60%
27%
17%
;18%
78 %
16%
100
16
60%
36
32%
18
13
7,300
*76
16%
38%
51%'
52%
52'A
890
13%
16%
16%
155
Jun
137
17
70% Apr
2
.
16%
7%:
16%
.7
89; ;
78%
*76
Jan
22
11% Jan
Co—-—-No par
Servel Inc———
:
1
$4.50 preferred ——No par
Shamrock Oil & Gas—L-—-----1
.8,600
89
y-
///
14
13%
27%
"
17
23
:7 52-v:'
4%
35%
V. 16%
17 7/
90%
'90
22%
/
Dec
90
50
31
116% Apr
lac
Antelope
Sears
4,100
22
■
8%
:
13
conv
/.Seagrave
10,700
'■'/'. y1 130
114%
13%
23
63
38%'.
*35'A
38%
21%'
.
78%
:
20%
8%
Jan
pfd
Corp—No
Seaboard Oil Co of
5,500
20%
17 7
16%
::T7-:
:
y".
1,200
116%
*113%
14
*76
y':''8'v/y;
8
8%
90%
.'
78%
.
■
'
16% ;'/
*75
117
8%
23%
13%
23%
90%
23'A
90%
22%
22%
90%
24%
113
21%
20%
♦US/A 1141/4
21%
21'A
8%
8%
9
8%
v,
4.500
8 Vs
:
1151/4
.113% 114
y.y 8V2 ;i 8%
114
*113
8 :
Dec
24% May 23
5%
—100
Scott
No par
$4.50 preferred——.——No par
$4 preferred
—
No par
*40
24%
25%
25
117%
117
112%
110% 110'A
*112
.
21%
21%
.
113
113
'
8'A
:
118
112
26i/«
8'A
26%
8%
113
*110%
y
36%
preferred
Paper Co
300
47 '
Jan
5% %
200
107
*105V2
*112
113,
112
/'/'
29,500
■^47 tr
27 y4
Safeway
51,400
*47
*112
8%
12%
66 74
50
49
112'A
26%
11%
64%
106
105%
108
Deo
19
——
10
Stores——————5
5% preferred-,——-100
Savage Arms Corp
5
Schenley Distillers Corp—
3 Vs
St
68%
65%
•
16
45% Jun
& Co 1st
Rustless Iron &
12%
11%
.
49
112
112
12%
*106:
.
*8%
8%
■
1,200
20
67 v*
*47%
49
37%
21
7. 12
68%
67%-
37%
20
112%
y
12%
11%
24
37%
21
Dec
Jun
42 y4
.—5
Royal TypewriterRuberoid Co (The)—
23%
20%
114
1,200
21%
■
45
& ,f;2iy.
113%
1,300
v.'45-.yy
:
21%
Jan
2nd preferred-^.
Ritter, Company
Roan
8'A
8
Jan
Rheem' Mfg Co——
1
Richfield Oil Corp——No par
37%
"24
37%
21%
45%
..
8
•
Dec
15%
32%
-—
Common
330
39
23%
•:% 2*
38
20%
:
;
12%
113%
21%
21%
113
,
19
12%
25%
26%
118%
118
'
20%
8'A
8%
7 *8%
>•
18%
12
26'A
26
;
20%
112
*112
.
*38%
*112:
:
114
*112 '
ii.
32%
38%
*25'A
;7247" :-24:-7
68%
49
50
18%
35%
38%
8%
*37
11,700
18%
34%
25%
<
34%
19%
39
12%
25
■"-'V 8%
*12 *
11%
11%
%
4,300
35%
*38
•
20%
,
21'A
12%
25'%
8%
18%
17%
34%
29% Mar 19
preferred
,-100
Reynolds Spring-—,
—
1
Reynolds (R J) Tob class B_—,10
5%%
240
108
io7y4
18
Feb
38% Jun
30
Mar
5
36% Jan
& Brass
preferred
1
%
8
Feb
28
21
19% Jan
43
Reynolds Metals Co——
35%
39%
12%
12
12»A
*24%
5,900
19
35%
20%
20%
5 'A
360
21%
108
108
v'"
106'A
22%
21%
108%
conv
Dec
July
12 »A
23% Jun
34% Jan / 2
,50
Revere Copper
34,300
106%
106%
conv
6%
100
110%,
17 7
15%
*109%
17%
15%
*106
22%
22'A
6%
*111%
110%
*109%
17%
19%
35»A
39
i
19%
35% ; 35%
78,000
Jan
-25
Republic Aviation Corp__„___^__l
RepuDllc Steel Corp
No par
51,000
24%
106%
*108
108%
108
108
107%
108
'108
165/*
t
22%
22%
22%
22%.
22%
22
106
105%
V
11%
23%
7
39% May
Mar 26
.100
Motors,
Jan
33%
,50
Preferred with warrants—^
Reo
4,500
Jan
26
—
Hosiery,
(Robt)
Dec
107%
85%
26
26
91
,50
non-cum
July
28'A
Jan
104% Jun
100
1st preferred—,
Preferred
10%
110%
*105'%
16%
i- 16%
16%
106
105%
:
23%
22
non-cum
Real Silk
ll7/s
*111%
*109%
102
*100
.
:
4%
25%
*111%.
7
110
110
110
16
:
16%
106
:/267,;
26%
200
v
4%
10%
25%
25%
*30
300
7 23%
io%.
'"10%
*111%
*111%
16
10%
10%
:
.
23%
22%
24%
7: *24
24%
:
.
102
*100
102
*100
24
47
19%
'
25%
,
27 %
28%
102
*100
243A
24%.
10%
J
102
*100
24%
31
31%
28'/a
28
27%
'
,/•■
102
24
,
7
27%
27%
*23'/a
24%
23%
*31
A
*42%
120%
79
80
80
80
78%
*100
y4
43
20'A
*118
7
*48%
*
*48'A
*48
7% Mar 26
100
Reliance Mfg Co
31%
-28%
No
10
25
38'A Jun
18
Jan
22
21% Apr 30
16
137
11% Jan
lid
Jan
Dec
Dea
17% July
26
9'A
13% July
2
Jun
Feb
10% Jan
20y4Jun
15%
Dec
Apr
Dec
24
7%
12%
10% Jan
15% Jun
13
13
19
: 2
Feb
18% Jan
;
2
29% May
4
Apr
20'A July
18% Jan
13%
64
Oct
4
54
Jun
57% Jan
64% May 12
Jan
128
Oct
12
121
Apr
19
10
Mar
23
Mar 26
24
' 9
15% Jun 21
27% Jun 11
79
Jan
3
122'% Apr 30
25
Jan
22
124
6
Mar 27
9
Apr 11
2
17% Jan
%
31
127 y8 Mar
7 'A Jan
26'A
Feb
5%
Jan
17% Jan
66% Nnv
7% July
10% July
25%
Dec
84 y4
Feb
Dec
6
4
19%
Apr
26
29
Sep
34
De6
May,14
8%
Jan
20s,\
Sep
31% Mar
35
5'/a
Jan
f i';
*,
f1*
r
«V
RECORD
NEW YORK STOCK
LOW
Monday
June 23
June 26
34%
34%
37%
37
33 %
33 %
33y8
10%
*9%
54
*54
37y8
31%
32%
31%
31%
-5,000
9%
10%
9%
97/a
24,900
9%
9%
54%
54%
9%
'
>
9%
15%
15%
15%
15%
53%
53 y4
53%
53%
15%
•53%
8%
8%
8%
8%
42%
42%
8%
8%
42%
42%
151/4
13%
15%
13%
14%
52%
53%'
52%
52%
42%
25%
43%
9,800
"3,200
24Va
25%
35,800
Texas
Texas Pacific Land Trust...
98
11%
12
.11%
12
11%
55
55
55
11%;
11%
11%.
11%
15
15
15
50%
51 y8
50%
6%
6%
58
■19%
*105
58
58
19%
*56%
19 y4
106
j|
*10511
;
,
19%
106
35
1,600
Jan
24% July
No par
44% Mar 29
59% Jan 24
101/4
139
*96%
6%
12
11 y4
11%
11
11%
54%
*54
54%
80
11%
11
11%
*11%
15
14%
14%
Thermoid
8,100
54%
50%
49%
6%
.
56%
56%
19%
19 Va.
40%.
40 V2
38%
41
$3.50 cum preferred^
N<
1,900
19 Va
106%
40
38%
8,100
Timken
2,800
Timken Roller
14,200
53%
53 y4
53%
53%
53%
53%
53%
53
54
52%
53
14%
14%
14%
14 %
13%
14%
13 Va
13%
17,400
49
54 Va
47%
50%
16,500
22%
23%
22
22
v
14 y4
14%
52 ya
6% V
7%
110
*106
35%
28%
12%
12%
12%
26
27%
28%
107%
28%
109 %
13V4
128%
35%
110
13%
■
28%
129%
128
128
18%
128 y4
18%
.18
18 '
127
18 Va
.17%
,
13%
3,800
Jan
122-
81%
Oct
94 v
Dec
1
7
Apr
10%
Dec
l2Va
Dec
17'/a
17 •■ ,:
i
Coach
~iy4
Jan
15% Mar
6
llJ/a
Jun
13% Mar
53% Mar
1
32%
Jan
49 '/a
Oct
5 Va
Aug
7% Jun
2
18
18
20%
2
Mar
17
109
Jan
38
Dec
16
43%
Apr
52 Va
Aug
Mar 26
14% Jun
25
8ya
Jan
11%
Dec
26
Jan
15
54% Jun
27
17%
Apr
29
Dec
18%
Jan
2
24% Mar
8
12%
Jan
Janj
2
7% Jun
26
3%
Feb
5V4
Jan
105%
Dec
Jan
11%
Nov
13
110% Jun
22
13% Jan
17
3—1
100
28% Jun
26
101% Jan-: 3
Jun
29
No par
26% Mar 21
»
Jan
18% Mar 28
34% Mar 27
par
102
Par
108
9% Jan
*
Feb
.2
14% Jan
3
115
100
8%
18%July
Dec
20%
Dec
Dec
102 V4
Dec
21%
Feb
28%
Dec
28%
Jan
35 Va
Dec
85
Jan
105 y4
Dec
9%
Dec
15% Mar
102
14% Jun
3
par
85
•30% May 28
37% May 23
106% Jan 13
May 22
.1
Co--
Dec
56% Feb
10% Mar 22
...
July
Feb
25
25
6
103
Film Corp
Dec
Apr1
-No par
Corp..
34
100 ya. Jan
,13
1-5
41% Jun
Jan
18% Mar
7
108% Jan
22
Mar 15"
._No par
:
Dec
3
61% Jun
5
preferred
;
No
$4.50 prior ptd
No
Twin City Rapid Transit-—No
1% preferred
Twin
6,600
56% May 23
-15% Mar
1
2
—1
preferred
20th" Cen. Fox
5%v Jan
10
-.S'
$1.50
130
127
*125V4
17%
'
110
12%
127
92
50
-No par
Corp
Rayon
4%%
4,100
*105%
13%
Tubi?.e
35,500
35%
L_.
$6 preferred..
Truax-Traer
400
-
28
110
*105%
13%
13%
.;
10,300
108
35 Va
28%
357/a
28
36 Va
260
'
129%
18%
13%
29
*105%
107%/;
*105%
131/4
■
16
16
22
34% Jan
No par
:—2
Bearing—.:
Transamerica Corp
9% Nov
28
*
Jan
105
10
July
12% Jun
11
16%, Jan
10
-
Trl-Continental Corp
3,600
26 Va
25%
107%
107%. io7y2 ■
■'
110
12 Va
Axle.-
Transue & Williams St'l.
56,600
12%
110
Detroit
Dec
1
Feb
100
4% Jan
preferred—:—No par
conv
58
23
•
Jan»
31
par\
Transcont'l & West Air Inc
2.000
6%
6%
110%
12 Va
36%
18%
18
110%
35%
29.
35%
129%
*128%
•I.-'?. 6%
*106%
•
36
13
13 %
13%
7%
110%
27%
107%
-
291/a
*105%
109%
7%
28%
27%
*106
,,
v
■; 7%
12%:,/,
12%:
12-%
27%
107%
541/4
23 y4
*109%
;
36
36
*105%
110%
28%
-
29
28%
-
■
7%;
7V4:
26%
26%
107%
■■
23%
109%
12%
12%
12%
26%
107%
7%
110%
7%
«■'
.
110%
*110%
23%
23%
23%
23%
23%
51%
23 y4
53%
,52
a
'$4.50
13
45% Jan
par
Water Associated Oil—
Tide
18%
VvV 38
/:
:
50%- Feb
Apr
12
139
..6
Jun
10% Jan
par
—No
3,100
i
53%
49 y4
-
Mar 27
54
.
-25
No par
11,200
6'/8
54
4i%:
■
Transit Corp._iVo
Avenue
*105%
19%
.
50
preferred—
conv
Thompson (J R)
Thompson Products
Thompson-Starrett Co.
500
50
5%
52%
105%
105%
10511 105}$
41% V.
Third
1,100
15
49%
i
55%
50y4
19%
58
div
9%
-
6%
6
$2Va
Co
93% Jan
'
11%
:
15
50%
50Va
6%
100•
__i:
.
Apr
6
8
Jan '
125
100'
preferred
3
8% Apr
par
;
preferred-
,1%
100
55
11%
preferred
conv
'
94%
11%
*14%
Co
The Fair___
600
10%
94%
*54%
106
$3.60
570
139
*1341/8
97
*136
961%
18'/a
54
*9%
10%
10
139
18
54
18%
18i/4
40
14%
167/a Nov
Jan
12%
40%
49%
8% Feb
17%
10
39%
14%
Dec
Dec
22
41-:
48%
6%
37% July
20
/19%
*105}$
- May
7
26% Jun 25
21% Jan
■
57%
19%
29 Va
9.% Feb 14
45
2
-
xl9% May 10
^.10
54% Jun
6%
.
4%. Feb
32% Apr
14% Feb
2
6% Jan
36% Jan
•
par'
Oil—
&
Jan
20% Jun
50%
6%
'::
6%
50 V4
30
11%
55
51%
Sep
22
96
98
6%
44%
14% Mar 31
*1341/8
*96y8
*50
19
Feb
13% Jan
.
*10
10%
139
98
*14%.
55
30% Jan
53%
11%
2
100
18%
15
48% Jan
__1
551/8
55
12% July
par
1,8%
15
10% Mar
Thatcher Mfg
55"
11%
25
Texas & Pacific Ry Co
18%
55'
Texas Gulf Sulphur
Coal
15% Jun
..1,
Producing ,new_.
7%
42%
2
8,600
55
„
*96%
.
Oct
11% Jan
16,800
18%
*96i/a
Dec
8%
17%
541/4
10%
Jun
51
491%
18%
*134ya
Jan
4%' Jan
17%
54
10%
8%
Jan
42
46
18%
139
7
5
18%
18%
10%
16
21
51
is y2
*i34y8
Mar
171/4
19%
53 Va
10
10% Feb
56
10% Jun
48V4
19
52%.
53%
16
Dec
19%
19%
53 y4
139
16
Jan
Jun
8
5% May
26
52%
19 Yb-
52%
10
7% Jan
50% Jan
33 V*
33%
Jan
18%
19%
53%
*53
Gulf
8%
25%
Pacific
10% Jun
Dec
33
52
19%
53
*134%
Texas
2
27%
35% May 22
7V4 Jan
Highest
f
I per share
27% Jan
26% Apr
25
43%
8
6
1944
5
Corp
Texas Co (The)
241/4
25%
6
Apr
7% Jan * 3
75/a
43
25%
9
S
42%
8i/4
8
'
38% May
29v
50«
Tennessee
7,200
per share
■
7'
1
Corp__
Talcott Inc (James)
8,400
53%
43
25%
26 Ys
25 y4
26
15
53%
*
15%
53%
■
42%
25%
%
share
30% Apr
No par
5%% partlc preferred—,.
Telautograph Corp.
30
3,700"-
9
8%
9%
$ per share
34% Feb
^25
Symington' Gould
300
55
*54
55
9i/4
10
*9%
9%
9%
*54
I per
-
Lowest
Highest
31% Mar 21
Sylvania Elec Prod's Inc
10%
:
Par
Swift International Ltd
32%
10
'
5,800
36%
Year
Range Since January 1
Lowest
/
...
6,300
34y8
10%
•
10%
:
EXCHANGE
Bwift As Co__—
■
32%
55
'
9%
10
33%
36%
34%
36 ya
10
*9%
*54-
10
34 Va
Shares
10"%
10%
55
10
34%
367/a
STOCK
NEW YORK
:.■;
■3''.'
33
32%
10
*or%
10
54
36%
10%
10%
10%
34
36%
34%
36%
34Vb
34%
37%
33%
34 %
37 Va
Sales
the Week
I per share
« per share
share
* per
« per share
I per share
f par share
June 28
June 27
for
Fridav
June 29
Thursday
Tuesday
June 25
Range for Previous
STOCKS
AND HIGH BALE PRICES
Wednesday
Bstnrday
Monday, July 2, 1945"
COMMERCIAL & FINANCIAL CHRONICLE
THE
26
13
5%
Jan
Jun
13
68%
Jan
19 % Feb
16
8%
Jan
16V4
Dec
Jan
66
Jun
137
■"
v
118
Dec
U
64
89%
89%
■
64
17%
18 y8
891%
18%
89%
*110%
111%
113%
*112%
22%
22%
22%
134
*133%
112
*110%
47
12&
12%
81
,
.
31%
3,000
30%
31%
30 %
32%
30
31%
71,800 '
40%
144 Va
23%
46%
45
45%
19%
18%
19 %
18%
18%
19%
13 %
13%
14%
14
14%
12%
14%
12%
8*4
86
■
86%
38%
81
86%
83
13%
13%
13%
13
12 y4
13 y4
121/4
43 Va
44
108%
17%
17
107%
*106%
23 y8
24%
94
v
52
52
.
15%
16%
17%
15%
16%
t
13,000
*106%
107%
*106%
107Va
106%
160
23%
22
23 %
21%
22%
6,400
94
92 Va
94
90
90
1,400
*189%
193%
'
94
50%
8%
9%
36%
37%
.13%
1C%
10%:
39%
40
3,400
11%
11
*42%
42%:
42%
42%
*49%
49%
50
50
49%
49%
28%
28%
28%
28%
28%
29
*170
171
*170
61%
59
,
3%
3Va
3Va
3%
49%
3%
58%
69
69
68%
70%
67%
69 %
81%
81%
81%
81%
81%
70%
81%
80%
71%
81
150%
150%
150%
151-
25%
150%
25%
47%
•
...
7
68%
65%
71%
68
47%
6%
69% ;
Va
25%
25%
*46%
47%
6%
11.0C0
6
6%
2,100
*19%
•
19%
19%
.
19%
19%
110%
110%
*108%
*19%
110%;
19%
•
7,800
19%
18%
.7%
*46
7%
7%
7%
7%
7%
7%
7%
46%
*45 ya
46%
*45%
46%
*45%
46%
*91
92
91
91
*90%
91%
187
187
*186
187
;
,
186
.
27%
27%
26 %
27%
27 Va
14%
14%
14%
-36%
37
36 y2
17%
18
18
49%
49%"
27%
27%
26%
14%
27
1
*36
28
27%
27
27%,
14%.
...
27 y4
15%
"98
.
14%
*36
•
—
y4'
120%
120
*75
49
*101
•
119%
41%
.
*74
80
50
41%
160
170
76
76 Va
76%
15 %
15%
15%
15%
*28
*48
76%
15%
69
65%
120 Vt,
118%
*74
50
■
160
20
Laboratories
*48
"
Raalte Co
Vlck
Chemical Co
5%
66%
1,300
120%
180
Va
100
Va-Carolina
6%
El
&
Pow
*158
.
170
*156
170
74
75
*73
74
1,000
Wabash
RR
15%
15%
15%
1.300
Waldorf
System
15%
5
Jun
Dec
Feb
7%
'
Sep
7% Feb
,
97 Va Jan
10;
25% Jun
15
14%
22
94% Jun
12
70
Mar
88
Jun
180% Jam 17
194% Jun
15
170
Jan
186
Dec
16% Apr
Jan
77
'
13% Jan.
19% May
2
Jan;
17
50
; May
1
52% May 25^
10% Jun
:
28
114,
Jan
51Va Nov
Apr
43
Va July
9
pec
5
r;
Jan
16%
Feb
23'
15% Jun
25
5%
9% Jan
2
11% Jun
11
35
Jan
2
44% Apr
17
46
Jan-
30
'
4
51% Jan
•
Sep
Sep
10%
Dec
V: 30% Apr
37%
Jun
48
Nov
40®/a
Jan
May 16
Jan
2
61% Jun
err
'
-
Feb
25
40
Feb
Jun
21
130
Jan
2
71
Jun
20
85 '
Mar 19
*
48%
•t
69
22
5
50% Feb
6
Jan
24
6%'Jun
26
4% Jan
23
7% May 29
5
114% May 28
20% Mar 6
May 23
4
Dec
61% July
Dec
78
Dec
63% July
Dec
136%
27%
-
Aug
48%
May
Apr
2%' Jan
Dec
54% July
44%
7.
*4%
150
May
Dec
\4% Nov
'
98% Jan
16 J
Jan
5% Jan
39 '
,
Jan
-
2
2
27% Jun
1
21% Jan
2
13
8
Mar 27
Jan
25
5V4
Oct
106%
Dec
14%, Jan
3V4
Jan
47.
5
75% Jan 24
176'
,Mar 27"
76
Apr
Jan
2%
:
Jan 24
31
Jan
95
May 28
68
Apr
187 '
Jun
25
28 Va
Mar
'
Mar
15% Jun
6
28
17%
Jan
97/4
Jan
52
Sep
16
Dec
51
Oct
85
Dec
Jun
3
48% May 22
52
Mar
86% Mar 26
98
Jun
21
63% Jan
101.
Jun
26
70
24% Jan
8
33% Apr
23
7
19
7Va Jun
18
59 Va Jan
9
73
Jun
18
118% Jan
8
123
Feb
19
J an
22
76
Jun
—25
25
45% J an
25
49
Jun
36% Jan
16
3% Mar 27
57
23% July
14 Va Nov
Jan
18
9
Dec
12% May
39
6
100
July
81% Dec
176
Nov
41%
22
20
6
41%
Oct
Jan
90% Jan
8
28
13 Va Apr
32
18% July
May ^8
28
162
Mar
par
Dec
8%: Jan
Apr
170:
6
12
144% Jan
>
9Va
55% Mar, 3
2
15
2% Mar 26
27% Jun
100
pfd—100
preferred—
113
'
26% Jun
—No
Coke 5%
33%
Jan
110
10
24% Mar 29
Co.OVa
Oct
42
Jan
22
15%
Jan
Feb
34%
:
28
38% Jun
6% Mar 27
30% Mar 26:
8Va
1
54
10
38% Jan
21%
Jan
...100
pref
12% July
107% Dec
•
47
Works—,
$5
158
6%
Feb.-
15%
109%
4
18% Apr 24
108'/4 Jan 26
.11% Jam 24
Oct
50% Apr
div partic preferred—100
158
20
21
Dec
Jan
xll9% Jan
——
Chemical
Va Iron Coal &
400
Feb
Dec
Dec
91%
11%
21
-2.50
Sugar
Virginian Ry Co
41%
8
Aug
11%
98%
27
preferred.
non-cum
Victor Chemical
41
*41
16
105'
28
78 Ys
2
Jan
72 Vb Jun
—No par
Vicks Shreve & Pac Ry
160
'
Jun
110
,151% Jun
—.—10
Inc..
700
80
28
2"
2
pat
No par
—
9,500
50
Jun
9
Jan
11% Aug
36%
,
Jan
24'
3_No
Norman Co
5%
'
18
Mar
75%
:
58% Jan
—
Vertientes-Camaguey
102% May 29
•
Jan
26V2 May
135% Jan
Inc——.1
...
28%
5%
80
■
103
3,300
25
1% July
Apr
8;
20
18'
9
Vanadiurti Corp of Am
Van
45 '/a
27
9
>
Jan
..100
Universal Pictures Co Inc—
.1
Van
Feb
♦
^.100
Universal Leaf Tob
*
Dec
'6
6Vb Max 26 /
No par
preferred,
Dec
17 V2
Jan
conv
R %
42 V8
Apr
Jan
72
-
Co.
'
Apr
12 Va
13% Feb
7% Jan
preferred,—29
Stookyards Corp—.3—1
41
170
,
6
—
Preferred
lVa
31%
52'
United Stores class A-,.
$6
14
25
13% Jan- 20
non-cum
,
Jun
88% Jun
111% Jan
,100
—50
3
47% Jun
5
89% Mar
Oct
21% May 18
•S 14% Jun 27
•
44% Jun
par
28
8
31
Jan
Dec
70% July
Jun
No par
U S Steel Corp—
Tobacco
5
Dec
Jun
111/8 May 19
10% May 28
66
/
3——^-50
*158
41%
*156
*156
27.
*101
29
*74
.
158
158
76
page
103
5%a
5,700
50 Va
97
6,700
300
17Va
97
29
6
14,200
:
37
*49%
*101
29%.
*48
170
see
.
98
*119 V4
*158
For footnotes
98
8,700
26%
15
17
49%
120V4
*156
15 Va
49 %
66%
*148
*75%
*
*36
17%
69 y4
160
'
14%
119 %
119%
50
*40%
41
*40%
25%
15 %
69%
71
80
*48
27%
36
40'
26%:
22:
9% Jan
—20
—10
1st preferred
31
114
Dec
24
2
15% Jan
33% Jan
Universal
40
140'
187.
26%
17 Va
.:
29%
5%
29%
6%
80
50
101
69%
*186
38% Jan
r
—10
Smelting Ref & Min—
United
24 V2
2
1% Jan
-v
*100
3'
Preferred
20'A May
2
1
non-cum-
36'/a
123%
22% May 19
3
No par
cl A——w—No par
Co.
conv
preferred—w*-;
HOVa Sep
Apr
Jan
Jan
1,100
91
*90%
27%
•
36
49%
98
98
6
70
69 %
98
*29%
90%
Feb
22%
102 V8
22
2,100*
7%
45
14%,-
17%
49%
49
101
>
6 y4
6
7
45
24%
*37
17%
17%
49%
29%
*29%
'
"
98
-49
18%'
18%
7%
187
*186
27%
-
19%
46%
90%
187
*186
27%
37
17%
91%
91
186
7%
*45
.
100%
28
28
28
preferred..—-No par
Universal-Cyclops Steel Corp
—-l-'
200'
112%
18
43% Jun
144% Jun
8% Jun.29
U S Flaying Card Co—
U S Plywood CorpL————
-_i
JU S Realty &-lmpt——No pat
U S Rubber Co
3-10
U S
2,200
6%
%
*109
112.
Nov
Jun
—20
100
5
1
Preferred
-
*110
110%
*110
110%
*110
Leather
110% Apr
■
2
26% Feb
•
,
5 % % conv preferred—50:
U S Industrial Chemicals*.—Net par
310
ey8
6%.
150%
Nov
May
No par
preferred.—i
7 %
U S
67,300 f
149%
Dec
30
33%
61
No pat
;
—
8%
1,300
*47
6%
.
4,700
*25
7 .v:
17,900
•/
500
■
80
25%
6%
170%
65
47%
150
6%-
200
80
25%
6%
58%
1st preferred
U 8 Freight Co
U S Pipe & Foundry
12,000;
80%
47%
.7
6%
\
57%
■
104
Jun
25
No pat
Preferred
4,200
3%
*168
150%25%
6%
b
28%
3
67%
66
X80%
72%
28%
60%
25%
6%
>
49
*48%
•:■•
169
47% ■'
47%
6%
72
.25%
47%
6%
7
7
25%
6Va
6%
6
150%
47%
25%
*46%.
71.
70%
70%
151
%
3%
169%
70%
70%
V4
29
3
61
70
*149%
49
28%
170
60%
170
170
*48%
3%
3%
61%.
60
170
17i
i
U S & Foreign Secur
U S Lilies Co
1,600
42
11%
42%
Dec
Jun
79% Jun
Jan
66
par
:
100
——10
Faperboard
Partic &
•66.500
39
11%
42%
'
Dec
25%
Mar
22
Prior
14%
92% Feb
Oct
20%
26'.
8
110
107
V S
112%
13%
.
6,400
11
42%,
59%
*110%
15 Va
No
*
preferred
32% Jan
22
Jan
—5
U S Hoffman Mach Corp
•
16,700
10
37%
11
11
28%
9%
37%
i.33% Mar
115
11
109% May 10
24
25
6
1
$6
5,300
10%
118
Jan
5
Cos
& Fdy
U S Gypsum Co.
v
3,200
15%/
11%
28%
•'
20
50%
14%
42%
*49%
18%
52%
48%
112%
*112
«•-
18%
50%
Jan
114
Co.—13 ya
United
10 f-
.52%
18%
53
38%
9%
37
112%
*112
-
*52%
49 %
53
50%
15%
18%
18%
18%
*52%
106
191
191
193"
*191
,
11%
3
108 y4
Sep
109% May. 25
Gas. Improvement
5%
270
17%
11
59%
*108
Feb
17%
93Va
27
United Merch & Mfrs Inc
4,400
3,600
108%
Electric
United
29,600
?
36
14%
.
!
17%
26%
17%
112%
*112
112%
17
26
7%
8%
8%
15
15
18
27
7%
18%
357/a
*112
112%
14%
8%
17 y4
26
7%
52%
35%
17%
108 %
53
51
52%
f
2,700
■23 y4
195
18%
8%
,
;
7%
24
*52%
34%
8%
*112
19
54
*52%"
-
101%
5,000
108 %
'
53
United Engineering
United Fruit Co
V
109%
1
Dec
Jun
Nov
119
28
Jun
100
Coal
United
101
101'
Dyewood Corp—
Preferred
990
42
Jun
29
—5
—-—1
Co—
9.400
7%
;
94%
*191
•18%"
19 %
17,700 :
73/4
:"v
107%:
94
193
41%
27
26%
*108%
-7%
18
23%
*92%
43%
29
25% Mar
136
22% Mar 22
:—No par
No-par
Corporation
Drug
118
—20
preferred—.
United
"
7% /.
*106 Va
100%
102%
16%
17
41%
43%
102 y2
102 y4
.16%
17%.
*190
$3
•
43%
Jan
116
105% May 18
V: 31 Va Jan 22.
No par
preferred
United
.:
Feb
par
Stores new—30c
Cigar-Whelan
7,400
12%
t
Un
United
9,500 "
•
85
13%
%
-
157,200
V
—No
Co
D'nited-Carr Fast Corp
20,900
13%
84 %
*108%
34%
3
113
100
No
Co—
Carbon
Prior
2%
45%
19%
7%
8%
2%
46%
108%
93
51
3
2%
23
;
24
27% Apr
100
preferred—.
conv
United
23%
19%
7%
*34%
2%
2"-f>
23 y4
-
—10
preferred
Biscuit
5%
100
9 */8
preferred.
conv
United
1,600
31%
b"/8
45%
108%
*52%
2"* %'
77
77
*30%
9%
2%
.
7%
*18%
78%
■•31
9
23%
*23
26%
194%
*192
31
47%
46 Va
23%
'
78 y4
9%
5%
4 % %
10
•
.
-5"
100
United Air Lines Inc
1,500
112
.5
117% Jan
29% Jan/19
—No par
Car.
9V4
76
•
iM
27%
*111
preferred
non-cum
United Aircraft Corp—^—:
53,200
■:"
139 %
27%
28 y4
4%
Union Tank
900
41%
*136
112
78%
9%
V
28 y4
*111
32
78%
*31
*23 %
107%
23%
29
112
32
26%
'
17%
17
*106%
28%
*110%
28%
112
101%
•:
39%
43%
l:<9 %
108%
*10814
93
43%
141%
v 109
109
109 V4
109
40%
23%
2%
*107%
137%
79
2%
109%
109
26%
17%
26%
7%
V'
26%
101%
16%
.
1,000
31
%
43V«
1011/4 101%
17%
16%
26%
3,700
108%
31%
9%
44
43
101%
.
130%
136
9%
47%
Union Oil of California
Union Pacific RR Co.
,,308
*30%
2%
Preferred $4.50
•
31 y8
12%
12%
42%
128
40
;
14,400 '
■
130 %
9%
19%
:
22%
81%
12%
81%
12%
H
'
100% Jan
112%
22
Union El Co of Mo
20
1G7%
79
79%
19%
19%
19%
:
,
100
*112%
23 ;
41%
-
46%
%
2%
2%
46%
21
20% Jan
109% Jan
22
100
112%
vy 22 y8
5,100
32
23%
24
*23%
112% Jun
—25
i
112%
23%
111%
135 VB
9%
9%
27
88%
*noy4
137 y2
*110%
32
*31
32
9%
Xll0% Apr
87%
111%
89
108
27%
27%
78%
78%
78%
*30%
136
111
111
$5 pfd
No par
series
—No par
89%
*110%
31
40%
136
27%
27%
27%
15%
82%
108
109
"
109
109
40%
135
Feb
Sep
134%
31%
132
51%
93% May
109
30%
*129
May 18
18% Jun 22
24
135%
133%
*108
30 y4
40
66
24
78% Jan
113
22%
29%
*107%
3
14% Jan
*112%
23
32%.
■
58% Jan
113%
32%
;
No par
Union Bag & Paper
No par
Union Carbide & Carb—J.—No par
111%
32%
39%
Underwood Corp
9,600
89%
22%
109
108%
1.600
17%
*112%
133
39%
63
16%
110%
32%
29%
63 ;
18%
110%
32%
108%
64
17%
•89%
■
29%
63%
18%
,
89%
89%
23
108%
'
63%
18 y4
*110
113%
132%
r
109
109
*32.
63%
18 ya
/-'• 18
*110%: 111%
*112%
;
64%
63%
64
64
18%
•
Feb
21 Va
Jan
3%
Sep
50
Sep
113%
Jun
22
38%
23
37
41% Jun
14
Jun
85% July
25 Vi Aug
5%, Mar
62% July
120
Aug
Feb
63
Nov
Jan
45
Dec
33
Apr
38% Nov
100
120
Mar
2
163
12
102
Jan
125
Oct
100
145
Mar
5
147% Mar 26
149
Feb
155
July
preferred—1U0
66
Jan
2
40
Jan
68
Dec
13% Jan
10
10%
Jan
14%
Dec
Vi(lcan Detinnlng Co
Preferred
4V2%
—
-
No par
77
Jun
21
16% Mar 10
STOCK RECORD
NEW YORK
AND HIGH SALE
LOW
Saturday
June 25
June 26
C
per share
t
per share
June 28
s
f per snare
per share
t
per share
Lowest
Highest
Highest
S
1 per share
1 per share
I per share
Par
Shares
share
per
1944
Year
Range Since January 1
Lowest
EXCHANGE
the Week
June 20
YORK STOCK
NEW
for
Sales
Friday
Thursday
June 27
Range for Previous
STOCKS
"V
PRICES
Wednesday
Tuesday
June 23
$
Monday
27
COMMERCIAL & FINANCIAL CHRONICLE
THE
Number 4399
162
Volume
share
per
W
'
*32%
33
109
*108%
70%
713/4
*19%
20%
*19%
20%
11%
11%
11%
11%
11%
11% .12
70
70
■10%
A\
2
68
*20
20%
109
11%
5,300
69%'
70%
70
7134
*20
20%
11%
11%
10 3/4
11%
ll5/a
11
11%
11
2%
23/8
2'A
2%
2'/a
66%
67
65
18'A
■>
2%
2%
17
Class
8,800
64 %
16a/a
Ward Baking Co cx
2%
6 4'/a
17%
65.
$7
3,300
Warren
18 3/8
36%
35%
35%
34%
34%
34
34
33
34
16%
16%
16'A
16'A
15%
16
15 5%
16
1,300
Warren
16%
35%
16%
16 %
*27
27%
23
23%
39'4
39%
*
•
10%
22%
23
39%
39%
*39%
10%
391/4
27
39%
231/4
103/4
10%
10%
28%
28%
22%
10%
103/4
28
28%
28
28'4
87%
*87
87%
*87
87%
333/4
33
333/8
*87
.
3234
33%
33%
107 Va
108%
114
114%
106
106%
116%
117%
30%
30%
107%
115%
115
106 %
106%
116%
■
116
A;
223/4
3.300
Waukesha Motor Co
38%
383/4
1.300
10
11
11
*26%
27%
-
24,400
103/s
9%
•
28
87
87
*86'A
86%
200
33'A
30%
33
30%
313/s
21,800
108%
10
115'/a
,
1081/2
115'/a
116
116'A
31%
A 31
31
107
110
*109
•A 28
117
26%
26%
471/4
48%
A
12%
■■.A
12
■
West
330
2 8 3/4
30%
4,100-
111
111
*109
26%
30
27
27%
47%
44
45
*109
50
90%
90%
48%
34%
46%
,
34%
34%
453/4
.45%
AA
Western
Auto. Supply
Western
luj'/a
*75%
78
*75 %
*94%
943/4
25%
*25
25%
25%
32%
33%
14%
14%
"
34
14%
V:
15
101
45%
58%
94
-
90%
*89
*76
58
17%
17%
17%
*39%
40%
40%
40%
40
18%
18%
18 Vs
18%
24%
-
50 %
18%
24%
50%
50%
■
*106%
106%
106%
24'A
24%
51
106%
106%
23'A
23%
38%
38%
10%
10%
38%
38'A
101/2
10%
10%
••'• ,/A
92
34
*33%
34
9%
8%
23'/a
14%
15
*100%
,
•'
'.
,'
a
■'iii A/' ■: i
Monday
*76
A-
5.400
93,200/
21,100
Wilson & Co. Inc
;
Wednesday-
—
Thursday
Friday
Apr
110%
200
A
16%
900
Wilson-Jones
30%
A 1.400
16%
451/2
4.cz
45%
54%
56%
:
600
87
87
86
87
90
90.
90
90
400
91%
sy
92
95
91%
91%
320
*76
78
*74%
193/a
18%
75%
-19%
WHpIpv
300
16%
78 A:
v
31,700
20%
29% Jun
13
22%
Jan
25%
Jun
2
.
Feb
28
77
Jan
85 '/a
Dec
34% Jun
14
18%
Feb
28
Dec
87
20
.100% Jan
8
108% Apr
19
83
Jan
1023/4
Dec
.109% Jan
26
115% Jun
25
96%
Feb
113
Dec
Jan
8
108
Jun
29
85%
Apr
103
.116
Jun
26
118
Apr
16
1133/4
Apr
118 3/4
26
16'/4
Jan
28
July
Feb
110
Dec
106
112
9
30
Jun
28
13
50
Jun
26
26%
Apr
14% Jun
18
33/,
Jan
6'A July
13% Feb
2
37% Jun
18
7%
Jan
16'A July
30% Jan
1.2
533/a Jun
26
2934
Dec
31%
Dec
64% Jan
■2
Jun
27
65
Dec
66%
Dec
50% May 29
41
Feb
53% July
22%
Jan
31% July
21
Apr
.
,
92
Mar 26
44
1 26 'A Jan
6
Mar 26
28
•';
32% Jun
29% May 25
x31% Feb 15
37% May 17
50% May 17
29
37% May 12
.
16
293/4
Dec
27
253/,
Jan
32
17
105%
Jan
111
106'A Jan
Jan
5
Feb
19
59%
64
107% Jan
15
A 97%
Jun
78
Jan
1043/4
24
43
26
20%
Feb
32%
24
96% May 14
66%
Jan
92%
.A 21% Jan
9
26% Feb
15
18
Feb
22
33% Jun
26
16% Jun
28
5
Jan
Jun
15
X64 %
Jan
87%
Ja-a
31%
Dec
4%
Jan
9%
Apr
6
Feb
8
Jan
20
A 26% Jan
22
8% Jan
,
3
833A Jan
.
15
94
23
Jan
30
lO3/0 Jun
6% Mar 28
24
6
26% Jun
25
10% Jan
2
15% Jun
18
97% Jan
15
101% Jun
14
80 %
13'A Jan
2
7
103/4
Jan
30
22% Jan
6
128
pfd
Jan
443/4
15
593/4 Apr
17
20%
Jan
41'A Nov
3
90
Apr
16
47%
Jan
82%
Nov
80
Jan
5
91% Jun
21
49
Jan
84
Nov
75
Jan
24
991/4 Feb
27
69%
78
9
69% Mar
Jan
13
Jun
91%
Dec
A 58
Apr
74i/8
Nov
28
13
Dec
14
Dec
13
27'A Mar
May 31
22
20% Jun
24
42% Jun
13
18% May 19
24%
243/,
23%
24%-
23%
4,700
No par
Youngstown Sheet & Tube—No par
5%% preferred series A
100
Youngstown Steel Door
No par
17
25
23
191/4 Jan
25%
25
25 'A
233%
39
38%
39%
37%
38%
10%
io3/4
10%
10%
10 3/i
1 tin receivership,
a Deferred
A, 36%.
**••
c
19
Apr
15% July
14%
Jan
20% July
23
33%
Apr
42% July
96
Jan
106%
Nov
28
13
Jan
20%
Dec
Feb
15.1
33%
Jan
44% July
12% Jun
11/
3%
Jau
6% July
110
Mar 21
25% Jun
42
36% Mar 26
2
53/4 Jan
x-Ex-dividends, y Ex-rights
A A--i* ' A
A-
i Stocks,
Railroad
fAffi.A Gaily,, Weekly and Yearly
.
Bond
A.v-.A/A i/Ar^Af
>
-
$4,?57,000
8,250,600
Saturday——A
Monday
L
14,500
9,304,500
•Tuesday-.
19,000
7,949,100
Wednesday
:
Thurscday
Friday
•
'/A/•../
1945
Week Ended'June 29,
57,600
.•
9,503,000
8,776,000
10,000
$104,100
$1,911,200
$46,224,900
A'A
$3,000
$189,000
408,000
285,000
285,009
<431,200
313,000
$4,265,000
7,735,000
9,005,000
7,645,100
9,071,800
-8,453,000
Sales A
Bonds
Bonds
Bonds
.
'.•"/•:■ A-A :
A-:;.//' • -•■■■' ■/
Stocks
A:A'.'':;;;:A.. A'"/'- (Number
Total
Government
Foreign
and Miscel.
Exchange
Transactions-at the: Jew Ycrk Garb
United States
$48,240,200
C-—-/--A
.■
——
Shares)
745,865
' 775,605
A. 508,565
—.
Total—
'
—
—
Domestic
*
Foreign
Corporate
Total
$12,009
$2,000
$236,000
3,994,815
45,000
463,000
599,000
395.000
496,000
451,000
,
-
'j
508,000
20.000
631,000
35,000
1.000
431,000
32.000
2,000
530.000
40,000
1,000
492.000
$176,000
$26,000
12,000
$2,626,000
Jan. 1 to June 29
1945
1944
Week Ended June 29
19415
11,619,530
Stocks-—No. of shares
200,044,309
9,843,585
*';.
1944
A/.
V. S. Government
$37,000
$104,100
—
1,911,200
:
Total
2,432,000
46,224,900
Foreign—*.
Railroad & industrial
44,989,600
$48,240,200
—
"$3,416,750
56,944,660
1,410,965,600
$47,458,600 $1,471,327,010
$3,568,100
58,052,500
1,539,496,800
$1,601,117,400
Below
listed
on
are
the daily
closing averages of representative stocks and bonds
Jones & Co.
Bonds
10
20
IS
Indus-
Rail-
Utiil-
65
10
Indus-
trials
roads
ties
Stocks
trials
June 23
168.24
62.29
33.08
.65.14
107.00
June 25——
168.59
63.06
33.15
65.47
June 26—_
168.92
63.06
33.35
05.60
June 27
168.78
62.87
33.43
65.53
107.01
107.03
106.80
166.22
'60.56
33.03
64.14
164.57
60.18
32.72
63.58
30
Date—
'June 28
June 29
—
_
Total
106.72
106.72
First
Grade
Rails
115,72
115.79
115.80
115.77
115.41
115.37
.
-
;—?
—
—1
—
Grade
Rails
100.51
100.60
100.39
100.04
99.44
99.47
60,617,035
32,211,995
$80,999,000
24,001.000
582,000
$97,014,000
5.662,000
543,000
—
Total™
$2,828,000
J
•
A, A'f. Par
• ■
■
Bank of the Manhattan Co
10
-100
Bank of New York
Bankers Trust
•
26,000
Foreign corporate
!10
—
Brooklyn Trust
100
$5,061,C0p $105,582,000 $103,219,000
Banks A Trust Gss.
: 303/4A
28%
467
455
50%
52%
'
Fulton
Grve
Trust—
National
Guaranty Trust
ties
108.59
108.60
108.54
108.60
108.55
108,55
Total
40
Bonds
107.95
108.00
107.94
107.80
107.53
107.53
Central Hanover Bank & Trust 20
43%
573/i
National
Chemical Bank
Bank
& Trust—
Co
Continental
Bank
122%
..45%
;
.,
593%
National
53%.
50%
,_10
1571/4
251/2
23%
Trust-20
50
<& Trust
Corn Exchange Bank &
Empire Trust
Fiduciary Trust
First
,_20
-
—
Bank——
96
.33%
100 1 ,815
1°
.
59%
100
35%
1,875
Trust
preferred
.—20
Morgan (J P) & Co Inc
100
National City Bank
-12%
New York Trust
25
Conv
1
18%
17%
i
,790
1 ,840
45
42
"
67%
65%
51%
49%
3.23
3.16
'
46%
48%
•
110%
11334
;
4514
P-ank & Trust—17%
74%
National-—-—
l-'.H
Title Guarantee cz Trust
12
United States TrpU
—-1G0 I ,515
public Nat"!
Sterling
309
360
100 1
Lawyers Trust-———
—25
Manufactures Trust Co com—20
Commercial National Bank &
Trust
—-*-00
100
'
118%
15
-10
Chase
—
200
Irving Trust
—
210
190
—*00
.125
119
Kings County
10
Utili-
4sk
Bid
Far
4sk
Bid
A
10
Second
2,417,660
$3,711,000
1,343,000
7,000
''
Foreign government
f''A' -'A-A
the New York Stock Exchange as compiled by Dow,
Stocks
-iP-rP-'/X
1
•
—
Jsw. Ycrk City
Stock fed Bond Averages
3,994,815
—
Bonds
/.
Domestic
1944
1945
$2,626,000
176,000
j
Stocks—No. of shares-;
131,342,925
Bonds
:
Value)
Government
A- $222,000
382,320
746,890
835,570
'
—'
Bonds (Par
Foreign
pj
Jan. 1 to June 29
Week Ended June 29
1944
1945
-
36% July
9%
19
Feb
51% Jun
22
Mar 26
20
wd When distributed.
a Special sales,
r Ca«h sale,
39% Jan
105'A Jan
.No par
1
Zenith Radio Corp
Zonlte Products Corp.
19,600
10%
n New Stock,
delivery,
Young Spring & Wire„-
9
37%
9%
Oct
Jan
Jan
13 % Jan
410
•
79
32aA Jan
19,800
July
Apr
36%
25
—1
18,600
Sep
24
19%
1
Yale & Towne Mfg.
23%
Nov
141/4 July
125
Sep
26
York
48%
ll'/a July
991/4
Jun
31
9,100
106% A
20'/a July
«■'
48% Jun
2,000
23%
Oct
38
5
Co
123
132'% May 24
Dec
40% Jan 24
,
pa*
Wyandotte Worsted Co
17% May
Dec
July
9% July
Jan
10
Aug
29% July
.
Jan
16 '-Va Mar 26
-
17%
473/8
Feb..
20
34% May 31
39'/a
106%
Jury
87% Jan
39
50:%
Deo
77
Feb
31% Jan
.103% Apr
,,
<17%
25%
July
1073/4 Nov
101 % May
110% Apr
4
19
18'/#
107
Dec
36%
361/4 Feb
33 Va Apr
39%
48
Dec
'
US'/a Jan
17%
'1061/2
'
«,w
3
38%
51%
"A.
■
•
26
18 'A
106%
-
'•A. v
27% Feb
39%
50%
31%
-—U-.
32 'A Apr
18%
106'/a
Dec
37 Va
.108% May 24
.
A
No par
Corp
Sep
22
39%
51%
-
103
Apr 20
4% Jan
17% Mar
.
—1
No
10
Jan
32% Jan
;
—No par
Jr
31% Jun
223A Mar 21
„
1
1
—
Dec
.101
100
Co
(Wrn)
10% July
20
par
100
10
Woolworth (F W) Co---10.
Worthington P'& M fDel)— No par
Prior pfd 4%% series-100
Prior pfd 4%% Conv series—100
Wright AeronauticalNo par
•'£ 3,000
Jan
23% Mar 26
Woodward Iron Co
8,900
58
Dec
6%
24% Feb
39% Feb' 19
3
843A Jan
.
5
Motors
_!
preferred
Dec
31 %
2
Jan
9
24
.
No par
20
Wisconsin El Pow Co 6%
30'A
54 'A
91%
$6
22'/a
Jan
11% Mar
30% Jan
.
July
May 10
Mar 26
20
-
.
•
* 11,619,530
Total
15%
23
——
Willys-Overland
*133'A
17%
955,820
1,885,190
2,137,230
1,687,720
2,936.050
2,017,520
—
Aug
100
*
Co
14%
44%
•
.
3A
Oil
24'/8
100 5/a
31
30%
31
87
.Shares
Tuesday
25
24%
.
,
Saturday
Apr
•
'
'
16 3/4
*16%*1331%
17
87
Number of
Week Ended June 29,1945
22%
Ry;——100
;
nreferred
Prior
40O
Wilcox
Daify, Weskty and Yearly fflff
if.
9
No par
preferred
133/4
101
101
J
Transactions at the fief/ York Stock Exchange
Afif
.273/4 May
Sewing Mach Corp—
conv
23
25%
15 A>
:•'
.'■% 8 3/8 A 8%
9%
25'A
58
asked prices; no sales on this day.
,■
*90
9%
$4
30
92%
92 Va
*33'/a
34
34
106 Va
38%
,
2
.
•
*
18'A
24%
:\'/i:.AA
1
•'-
:v
93
46
A. 40
*23% : 24%
and
•Bid
White
57%
17%
s
24'A Jan
White Motor Co
16,800
A
'
17%
50%
12,700:
153/4
45%
77%
*17
24
30%
91%
•
800
14 S/8
*90 A
77%
25
30
94
•77%
93
720
16%
30%
86%
7
Wheeling Steel Corp—
—No par
$5 conv prior prefINo par
White Dental Mfg (The S S)—20
32%
92
77%
50
26,800
14'A
58%
86%
18% May
1
10
100
100
—
Wheeling & Lake Erie
5%% cony preferred
90
J
A
39
30 %
*90
.
i'..'
76
1033/4
37%
16
46%
■
28
No par
preferred
32%
"92
94
>:
$4.25
*24
:
87 3/4
93
110
24%
*133%.
45%
58
90
77%
-
46%
*90
.
-
A
241/2
*16%
31
Dec
15% Jun
100
preferred
25'%
*100%
17
A; 30%
»
/ *86
88
('8d.
•
*133 V4
-30%
.
58
$4.50
923/4
24%
1003/s
16%
46
•
■
25%
100%
30%
45%
58%
*90
100%
*133 %
30%
110
94%
;
16% A 16%
16%
16 la
38%
14%.
14% -14%
36'/a
Instrument———12.50
No Par
;
93%
A'
9%
25%
15
*100 %
133 %
30 %
9%
9%
26%
14%
26
*1GU%
'A
9%
25%
9%
*9%
24 %
Feb
Brake.—No par
108%
1033/4
.
.
Elec
14%
%
22 5/8
Co
Weston
945/a
*92%
33%
33'%
-
•
8
Westvaco Chlorine Prod—
••751/4
78
'
34
*33%
A
37% May
pfd
800
32%
93
*92 %
92
92
S3
*33%
*
?
-14%
15
27
70
100
100
800
25
'
A
*92
32 3/4
A
14%
Apr
Mar
Electric Corp new_50
——l———12%
94
■1'
945/8
"
11%
30
1
109%
*107%
41%
Preferred
1,260
"
May
25
class A_No par
—-Li
No par
:
62
Jan
22
No par
'
32%
30
109
104%
1C3
:■
44
32%
•
*75%
*
42%
42
25%
32
37,500
333/8
B
45
Jun
18% Jun
2nd preferred
com__No par
AL
———100
Westinghouse
Class
*
Aug
Mar 26
Western Union Teleg
'
A
43
.42%
31
-
:
78
104%
*103
104%"
*103
15
Jun
2%
13
series
Westinghouse Air
421/4
>
108%
•
non-cnm
Freferred
10,000
30
30
323/4
*107%
78
57% Jan
Western Pacific RR Co
2,500
28%
323%
•45%
32%
•
109
*25
%
31'4
107
94
14%
A
33'A
31'A
109
94%
31%
••'-44
45'A
33
107
94
14 Va
34%
110
42%
313,4
33
108%
41%
A
29%
-
4%
3,600
13,200
25,500
29%
31%
109'%
41%
41%
.
45'A
50
Ry
Maryland
T
*273%
30%
34%
v-
Feb
-
Air Bines,
48
46 3/4
29%
*106%
103%
*103
■
493/4
48
'A,
*109
107 A,
*75
v..
34'A
33
.
17
1%
Inc
Western
90
'
.110
*109
30'%
31% ■I 31%
2
2% Apr
Uo—No par
14,700
49%
A 90
91
•
*«2ti %
31
45%
33
•31%
31'%
107
78
104%
A
33
50'/a
34%
.
1 % Jan
No par
preferred-
6%
9.800
31
485/8
51%
49
31
■
11% Mar
5
Power 4%%
4,000
29
30'A
27%
AA 90
31%
30%
*32%
108%
*75
31%
92
49%
'•
521/a
*293/4
31
10%
Jan
—
"West Va Pulp & Pap
110
V
10 3/4
10
11%
93/a
32%
91%
-
50%
50
*293%
■•
451/2
A
,A
*91'%
503/8
343/8
A/.
32%
*30% A 31%
32%
*107
98 A
32
94
-
v
12%
51%
33
53%
30%
A
34'4
*103%
52%
*29% 4.31
*45%
110
313/4.
52%
483%
31%
*169
33%
*91
29%
31%
A.
48%
*28%
11%
50 %4
A
13
•
■
493/4
113/4
13
12
32
50
-48%
;
50
.
'
33
313%
A
493/4
4934
48'/2
Jan
8
5
,
preferred
'
27%
26% A 2734
Jan
7%
18
preferred
6%
115%
46
29%
7%
Penn
Nov
171/4
5
Jun
Corp_,
Indies. Sugar
140
1
115%
303/4
301/2
-
109%
29
107
108
X2Q
24
Jun
West Penn Electric class A—No
360
'
116
107
117
A
*115
115%
'.'115%
106%
/
*107%
108%
*107%
20% Feb
14
.
$4 conv preferred
West
Nov
12
Inc
Wesson Oil & Snowdrift.
2,700
27
27
27%
87
68
2
16 if-.
19% Apr
1
Tobacco
Webster
Feb
2
Wayne Pump Co
116%
110
110
110
111
110
22 %
393/4
106
31%
.31
30%
■
22%
39 'A
28%
*107'/a
106%
116%
*106
27%
22%
39%
32%
115%
•
114%
•
27
23
28
107 '/a
10914
*107
Corp
Petroleum
1,000
87
...
Pipe:
27%
*27
27%
273/4
23%
*271/4
-
1,500
Nov
48
No par
5
No par
Washington .Gas Lt Co
35%
*16%
A
Fdy &
18
'
Dec
Nov
Xl05
5
18%
.
31%
1083/4
Apr
6
27
9% Jan
.
18%
16%
26%
8
Apr
72
8 % Jan
Pictures
Bros
177/a
*35%
A
B
18%
18
May
110% Apr
\
No par
No par
A
preferred
Warner
53,200
>
2
61% Mar 21
No pur
Co
Walworth
.4,100
65%
21/4
66
35
24
106% Jan
No par
No par
preferred
Dlv redeem
11
30% Jan
100
G & W
(Hiram)
10,400
103/4
10%
*11'A
12
Walker
20%
*20
11%
11%
No par
Walgreen Co—
49b preferred
40
70
109
1091/2
400
32%
*32
32
32
If'9 %
•20%
70'%
71%
70%
*20
68%
2
67%
■
32%
108'A
'
'
2
68
32%
109
*108'A
109
108 %
32%
32%
323/4
*32%
108'4
•
47%
77%
a
1
>*.a
•
U
-J
*" Jv'
¥
THE COMMERCIAL & FINANCIAL CHRONICLE
18
mmsmam
bed
Bond Record
Monday, July 2, 1945
Mew York Stock Exchange
««»
FRIDAY
*-
WEEKLY
-
1567
YEARLY
Cash and deferred delivery sales are disregarded In the week's range, unless they are the only transections of
week, and when outside of the regular weekly range are shown in a footnote in the week In which they occur. No account la taken of such sales in computing, the range for the year.
The italic letters in the column headed "Interest Period" indicate in each case the month when the »M»nds mature■'
'
Prices
NOTICE
the
for
interest"—except
"and
are
Income
and defaulted
bonds.
RANGE
WEEK ENDING JUNE
FOE
29
"
Friday
BONDS
C.
S.
Last
Period
Sale Price
Sold
January 1
No.
low
High
Government
New York Stock
Range Since
Bonds
Bid & Asked
Low
High
Brazil
(Continued)
External
bonds
$
A-O
*108.11
108.13
108.14
109.24
3">4S
Series
No.
M-S
'"102.11
102.12
102.12
103.27
-3%8
Series
No.
._1946' 1949
J-D
*102.15
102.17
102.26
103.20
3-748
Series
No.
1952
J-D
*109.26
109.28
Treasury 4%s
™1947- 1953
Treasury
3%s
1946' 1956
Treasury
3%S
Treasury
3yes
..1949
.
3%s
Series
103~19
No.
3%s
Series
No.
*102.11
102.13
103.19
Ir"*"
-
-
—V-^VW,
-m.
i
hot*-'
111.17
111.17
111.4
111.27
3%s
Series
113.30
112.27
114
3%s
Series
Interest
Period
No.
M-S
2%s
M-S
M-S
*100.15
100,17
100.18
101.17
3%s
Series
No.
22„™_
M-S
*105.12
105.14
105.14
106.11
3%s
Series
No.
23
1951
Treasury
2%s
.1951
1954
J-D
*109.29
109.31
109.25
110.15
3%s
Series
No.
24
Treasury
2%s.
1956
1959
M-S.
*113.15
113.17
112.10
113.7
3%s
Series
No.
25™.__._„__
Treasury
2%s_
J-D
*114
114.2
112.21
113.27
3%s
Series
No.
26
Treasury 2%s.
*115.9
J-D
*100.29
100.31
M-S
*105.19
105.21
Treasury 2%s_
1948
2%s.
1949- 1953
J-D
1950- 1952
M-S
Treasury
114.19
113.2
115.11
__
*107.2
Series
No.
28...
108
30™.
Brisbane
(City)
107.25
107.25
106.4
107.7
107.1
107.1
J-D
*103.2
103.4
100.28
102.17
Treasury 2%s
Treasury 2%s
M-S
.1977
M-S
92%
f 4y4-4%s
.1978
F-A
92 Va
94%
102.11
2
100.18
102.11
A 6s
102
6
100.17
102.4
External
J-D
101.23
101.24
4
100.15
101.25
M-S
,
stamped.
i 4ya-4%s.
s
Refunding
s
101.19
101.21
46
100.10
102.2
A-O
101.21
10
100.18
102.3
External readj 4%-4%s
External s f 4%-4%s
.1976
101.21
.1973
105.18
100.30
103.29
3%
f $ bonds.
.1984
J-J
2%s
1951- 1953
J-D
*107.14
107.16
107.19
107.26
Canada
30-yr 4s.
.1960
J-J
*104.18
104.20
.1961
2%s
1952- 1955
—1954- 1956
.198.7
J-J
104%
M-N
104%
Treasury
Treasury 2'As—
Treasury
30-year
3s
*103.18
103.20
100.27
103.21
30-year
3s_
103.15
103.28
103.28
2%s
M-S
*102.9
102.11
Dec 1948- 1950
J-D
*104.9
Jun 1949- 1951
2s
-
2s
J-J
—
1947
M-S
Treasury
2s
Sep 1949- 1951'
2s
Dec 1949' ■1951
J-D
Treasury
Treasury
2s
103.1
102.24
103.4
102.10
103
M-S
*103.2
103.4
100.25
103
*103.4
103.6
*103.3
103.5
102.3
103.5
12
J-D
J-D
Dec 15 1952' ■1954
J-D
1953 1953
J-D
*106.29
15 1948
J-D
*101.23
101.31
"-ft
Foreign
Govt.
AGtd sink
AGtd
fund
Akershus
(Dept)
10*1*9
.1943
J-J
.1945
.
J-J
37
35
38
38
A-O
*31%
f 7s 2d series™. .1957
A-O
*31%
f 7s 3rd series.. .1957
A-O
1927
..
Belgium external 6%s_
f 7s.
.1949
37
reduced to 3.5% )_
s
32%
95
101%
99%
96
96
97
29
106
.
105
.48
100 %
100 % 100%
42
M-S
*102%
71%
J-D
A-O
_.
71%
71%
.
A-O
69%
J-D
Series
No.
No.
Series
No.
Series
Settles
No.
33As
Series
No.
?%s Series
No.
>3%s
Series
No.
No.
?34s
'
Series
No.
3%s
Series
No.
Series
No.
Series
No.
3%s
3%s Series No.
3%s
For
Series
No.
footnotes
19>/2
26
17%
19%
22
22
2
18%
22
19
19%
15
17%
19%
...Jan
1961
J-J
19
™Sep 1961
Sep 1961
M-S
M-S
*™
24
69%
26
64
69%
69
17%
19%
19%
~8
18%
17%
19%
19%
19%
19%
3
18%
A-O
19'
19 Va
4
17%
*19%
18%
19%
20
17%
19 y»
18
18%
.1963
J-D
.1957
J-D
.1961
J-D
.1961
;
M-N
.1957
19%
M-N
.1963
J-D
19
18%
_w.;
,19'A
18%
18%
17%
18%
102%
105 Va
107 Vt
59%
73%
69%
691/4
57%
71
17
18
18%
18%
18%
19
17%
18%
M-N
18%
18%
1
17%
.1963
M-N
18%
18%
20
•17%
18%
.1960
M-S
18%
18%
5
17%
18%
-1960
...
A-O
A-O
.1962
M-S
17%
17%
5
16%
17%
26
34
of
1927™.
Jan
1901
J-J
f $
s
bonds..
.1970
*33
38
77%
77%
58
77%
1
58
58%
73
50
A-O
77%
50
1
69
52
.1946
M-N
*46
41%
49%
.1947
F-A
*46
42
42
Rica
(Rep
A-O
1952
1
41%.
external
debt-.
F-A
.—1977
J-D
14
72%
70
39
■/'••• .5
31%
109% 110
M-S
1949
4yas
90
85
.'39
M-N
1949
88%
,.85
M-N
1951
7s
(Republic of) 5s of 1914™
loan
J-D
ll953
of)
54
5
•
—™
>108%
108% 108%
1953
J-J
1945
J-D
*135
A.1951
A-O
5%s
ACzechoslovakia
(Rep of) 8s
ser
ASinking fund 8s series B
IA Denmark 20-year extl 6s
External
gold
.„1952
lADominlcan Rep Cust Ad 5%s
§ Alst series 5%s of 1926™™,.
series
1st
5 % s 2d
sink
fund
1942
A-O
Greek
Haiti
72
115%
74
:JL!-
105
i
/•
18
81%
92%
96
30
80
90%
89
91%
22
77
*101%
*101%
100%
„
™
.
v,
52
paid
paid-
*101%
n
*101%
'
3
52
MM,
52
•
'■
*50%
*97
'
.
100%
101%
100
5
102
*101% 102%
J-J
—r*
.
™
'
J-D
*108%
62
44%
97
™
106%
™
(Republic)
f 6s series A
21%
1968
18
4
20%
21%
It
17%
18%
61
1952
A-O
98
99
6
1960
A-O
89
89
M-N
*100%
AJugqfclavla (State Mtge Bk) 7s™_l'i57
A-O
*20 Vs
AMedellln
1954
J-D
(Prov) 4s readjusted„™_1954
J-D
*™
M-N
*12
16ya'
14%
1
j.960
s
(City)
ext
6y2s
Irish Free State extl s f 58™™^
Mcndoza
A4%s
(Colombia)
B'/aS
Irrigation—
stamped assented-.
A Assented
to
Nov.
5.
-1943
1942,
31%
66
661/4
3
cfty*
661/4
3
52
67%
52
68%
*66
60
7
53
73
51%
73%
,
89
102
12%
31%
30%
99
94
73
73%
73
73
52%
11%
38
■
;
h0.
ttat
72%
641/4
52%
51%
66%
641/4
51%
66
64
64%
51%
68
SO Broad St. New York 4, N. Y.
681/4
641/4
64%
641/4
64»/8
32.
FOREIGN SECURITIES SPECIAUSTS
73
52
*73
Telephone HAnover 2-0050
27
34%
100%
12%'
™
SECURITIES
.CARL MARES &
23%
100 Vg
„
FIRM TRADING MARKETS
.
25
100
82%
72
*73
98
'
11%
agree
96
...'
23
For Financial Institutions
68 y4
6
60
108
'
681/4
52
M.M
™
68
9
21
95%
■
■
101% 101%",
/
^
1964
FOREIGN
66 y4
99
101%
Government—
66
661/4
99
'
"
A-O
M-S
.
92%
M-S
(Republic of) 7s
™1967
Finland (Rep of) ext 6S_™_™™™1945
French Republic 7s stamped
1949
7s unstamped
1949
108%
111
157%
97%
A-O
-1969
series
1961
105%
110
157%
96%
A-O
1969
;
*110
:
M-S
1940
41%
110
154
WW.
*110
A-O
1940
5%s_
series
' ■'
y
F-A
3962
External gold 4%s
\
J-J
1955
5%s™
89%
"
A-O
1942
108
3
*110'/a
A Public
wks
' 94
*108
691/4
66%
page
50
"
Sinking fund 5%S-.
73%
*5
66
see
77%
58'%
.1947
66
59%
71%
66
va
77%
'
48%
66
66 y8
14
18%
68%
57%- 71-1/4
66
13
18%
.1961
J-D
part
66
8
18%
17'A
18%
18%
18
•18
A-O
part
103
63
66
-
19%
.1961
1961
A6s
2.
5
19%
A-O
.1931
A7s
69
A-O
19%
17
.1963
Oct
1051/4
104
52
6.8
*67
19%
.1963
(Hukuang Ry) 5s
(Republic of)—
external
19%
19
1928
107 V*
3
4
19%
18%
*19
Of
Mexican
71%
1...
70
18%
*19
Munlc 7s
Stamped pursuant to Plan A
3%s
r-
95%
funding bonds of 1931
3%s
1
99%
53
69%
A-O
90%
100
102%
100%
1
*67
.
69%
J-D
(Int reduced to 3.375%)
.1979
eternal $ bonds of 1944 (Plan B)— *
'-r
100%
100%
™
107 % 1071/4
A-O
Series
19
19%
J-J
assented
Helsingfors
*103% 108
J-J
J-D
105
90
M-N
.1952
3%s
19%
A-O
F-A
Customs Admin 5V2s 2d series
15.
6
.1979
"0.344s
18%
F-A
33%
21
100%
96%
96
102% 103%
.1951
(Int reduced to 3.375%)
f'
17%
1
1961
SA2d
861/4
102%
stamped pursuant to Plan A
(Int reduced to 3.5%)
„1978
t-
3
19%
1961
33
14
Stamped pursuant to Plan A
i'rt 5%
19%
19%
19%
1961
33%
30
105
M-S
.1978
f 6%s of 1826
Ry)
19
A-O
Feb
30
100
J-D
Stamped pursuant to Plan A
(Int reduced to 3.375%)™. -1979
AExternal s f 6J/2s of 1927_
.1957
(Central
M-N
.1960
30
__
101% 102%
J-J
.1853
.1941
37%
'
„1953
(U S of) external 8s
(Int
2
A Estonia
100%
.1958
37%
34
Stamped pursuant to Plan A
AExternal
19%
Feb
assented
5%s
102%
.1957
34
40
105
M-N
(Commonw'lth) 5s of '25. .1955
37%
*31%
J-D
.1941
.
•
35
.1957
series
1st
%
37%
...
f 6s
19%
Jan
sinking fund 6s
Chinese
Cuba
37 %
37%
External g 4%s of 1S28
JABraztl
90
*37%
A-O
s
M-N
'
(City) 5s.
25-year gold 4%s
37
J-J
.1972
s
6s
bs
assented™
A Costa
37
J-J
S f extl conv loan 4s Apr
External
1943
36
T
82
*84
F-A
External
NY 1-1693
79
M-S
M-N
of
69%
.1980
%s assented
4%s
.1971
5s
69%
ASinking fund 7s of 1926
AEinklng fund 7s of 1927
Teletype
71%
.1972
External
/
62%
loan 4s Feb
Australia
105%
105%
J-J
J-J
AColombla Mtge Bank 6y2s
:
61
4y2s
loan
A
*66
.1958
Antwerp (City) external 5s
Argentine (National Government)-
eonv
106%
104
6s assented
A 7s
*66
7s
conv
102%
2
.1943
s f
A Chilean Cons
F -A
f
extl
23
104% 104%
1958
AExternal sinking fund 6s
A6s assented
122
A-O
.1945
SI external 4%s™
104% 104%.
15
assented
External
-—
1
112%
1948
s
s
:
(Colombia) —
_1947
AExternal
sec
;
Htvf
7s series D_
1
82
Municipal
f
AExternal
108%
106%
assented
A Extl
38
Broadway, New York
.1945
A
111%
106%
102%
Copenhagen
s
.A7s
10*1*23
•'i'lik
AExternal
s
109%
12
104
f 7s
a
sinking fund
A 6s
A 6s
119% 120'/a
.
f 7s series C
sec
119%
Members New York Stock Exchange
s
AExternal
*8
107% 108%
.1954
External
ARy external
103.5
Wertheim & Co.
coll 7s A
76
A-O
A 6s
7s series B
•96%
63
J-J
A6s
A External
t
100.13
Colombia
f
S I
AExtl
10*0*17 103*5
15
preign Securities
s
95
83
*104% 104 y2
*104% 104%
A6s assented
AExternal
80%
3
76
*68%
110% 110%
J-J
assented-
A 6s
1968
13
95
1953
AGuaranteed sink fund 6s
4s
94%
15
AGuaranteed sink fund 6s
lining of Norway)
AAntioqula
8
103.5
A
6s_.
94%
80%
102
assented.
AGs
A6
6s
sink fund
95
80%
46
94%
f 94%
30
102%
ASinking fund 6%s
&
95
92%
93%
*101 % 102%
AExternal sinking fund 6s
120
103%
95
J-J
AChile Mortgage Bank 6%s
A6%s assented™
Agricultural Mtge Bank
t-
A 7s
City
REctor 2-2300
102 y8
1948
(City) 8s
(Rep)
A 6s
J-D
101%
95%
100%
15
AExternal sinking fund 6s—
i
106.31
.1980
97%
102
Jan
103.2
♦103.2
Corporate Stock
68
Jan
3a
AChile
*102.31
Telephone
,
101*29 103*
June 15 1952 ■1954
York
New
i
103.1
66
53
103
*102.31
M-S
——June
.1968
;
ACarlsbad
Unification Issue—
Transit
•
*102.30
««
1951' ■1953
2s
Treasury l%s
•
102.27
M-S
2s
Treasury 2s™
3%
102.20
—1951 •1953
2s
s
12
102.27
1950 -1952
Sept
2s
Treasury
Treasury
104*24 10~4"24
104.11
102.27
68
67
Jan
\ 3s
March 1950 ■1952
2s
Treasury
.<
__
M-S
Treasury
Treasury
3 Vis
*103.13
fr-—-r~
2s
Treasury
108.29
*108.27
(Dom of)
J-D
-1956" 1959
—:
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rrVn-rtt-t-rf
8
25-year
Mar 1943- 1950
2%S
Treasury ^'Sj—MUWiW
Treasury
Treasury
Treasury
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external
51%
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:
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.
51%
"92
M-S
-
67
;
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M-S
_
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68
51%
.'
70
102
1967- 1972
—
Treasury ?%s
Treasury
51%
'
100% 101
.1961
102.11
101.29
'
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F-A
J-D
J-D
1965- 1970
1966- 1971
M-S
1958
.1950
J-D
*
1957
Sinking fund gold 6s
Buenos Aires (Province of)-
1963- 1968
«...
2%s
j
Sinking fund gold 5s_
June 1964- 1969
„™Dec. 1964- 1969
Treasury 2%s
'
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L„—
f 5s
s
68
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No.
*107.5
67%
51%
64%
64%
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Series
*106.2
51%
6
67
64%
3%s
M-S
Treasury
27___
29...
M-S
1962- 1967
No.
No.
1954
:
Series
66%
9
52
64%;
64%
66
27
r
64%
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...
68
66
52
..
64%
3%s
Series
.1956- 1958
70
64 %
3%s
.1952
51%
51%
51%
64%
...
Li
107.15
Treasury 2%s_
Treasury 2%S
:'v__
67
63%
64
107.1
Treasury 2%S_
Treasury 2%s
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59
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107.4
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«_
^
51%
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1948
J-D
10
21
2%S
1943
64 Vt
*64%
2%s
.1960- 1965
67%
64%
*64%
20
Treasury
Treasury 2%s.
51%
*64%
Treasury
™
High
3
19
1955' 1960
1945' 1947
.
Low
64%
64%
1951' 1953
January 1
No.
-
...
3s
._1958- 1963
Range Since
Sold
Low
64%
(Continued)
J-D
__
Bonds
Bid & Asked
High
1946- 1948
Treasury
i
Week's Range
or Friday's
Last
Sale Price
18.
No.
113.30
Friday
Exchange
Treasury 3s
Treasury
1
,
******
I
BONDS
Week's Range
or Friday's
Interest
York Stock Exchange
New
*»
Teletype N. T. 1-911
12%
10%
11%
Number 4399
162
Volume
NEW YORK
BOND RECORD
JUNE 2!)
RANGE FOR WEEK ENDING
BOND 5
Friday
*
Interest
Last
Period
Stock Exchange
New York
Sale Price
Week's Range
Range Since
Bonds
Friday's
or
Sold
January 1
No.
Low
High
18%
18%
16
Bid & Asked
Low
High
18
10%
13
Mexico—(Continued)^rAMexlco
;
(US)
extl
A Assenting
as
A
_.
1942,
Assenting 4s of 1904_
AAssented to Nov. 5,
AAssented
to
Nov.
1954
>_
5,
Q-J
Q-J
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1945
1942,
11
Vi
1933
J'
■
■
.
12%
*22%
',*1*7'.'
'
1958
ASec external s f 6'As
reduced
ASec external
46'/8
38%
47%
40
37
38%
47%
1959
A Montevideo
External
s
External
s
1952
—1959
7s
f
External
120
—
sink
—1957
1958
—
fund
.___19G5
—1963
extl loan—
fund
1956
4'As—
4y4s,
—1970
1955
Municipal Bank extl s f 5s.
Oslo
sink fund 4y2S
(City)
(Rep;
APanama
1 ss ser A_iybJ
extl s
5s——1963
1994
1967
Stamped assented
A
Stamp
Ext sec
mod 3'As ext to—
ref 3%s series B
1947
7s
(State of)
APernambuco
extl
Loan
A Nat
A 4 %s
88
M-N
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3-D
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'
Aw,
'w?—
■
M-S
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M-S
45%
105%
'
19%
23
279
18'/a
22 3/4
107
18'/a
24%
A-O
25'/a
25%
1958
1947
1968
1950
1963
1961
A-O
*28
A-O
*35
8s
25%
*25
14%
—1.
■
-'
■.
30%
16
39
6
25'/a
to Plan A
reduced to 2.25%)
2004
A7s municipal loan
1967
Stamped pursuant to Plan A
(Int reduced to 2.25%)—>2004
Baritfl Ff> external slrifc tunc! 48
..1964
(City) 8s
1952
Stamped pursuant to Plan A(Int reduced to 2.375%)—12001
Paulo
30
16
14%
30%
44%
50%
3-D
,
*47%
*70%
M-N
101%
42%
41
43%
44 3A
u
37
46 "7
35%
39%
45%
54
loan
dollar
*_>
46
47
*>
»
17
57%
"2 A
57%
*51
2004
A
A
J-3
50
>1962
1962
1958
1958
1955
1946
B sec extl
series
(Prov
of)
7s
extl
Sydney (City) s f 5%s
(Republic; extl 8s^
Uruguay
sink
External
External
3%-4%-4
fund
($
—
6s
3Vis extl readjustment
(City;
AWarsaw
external
7s
A4Vis assented
87%
64
3'/aS
5'As,-■-)
conv
3'As
3s
conv
Am
Co
debentures
3s
Wat
deb
3s
Wks & Elec
.,
1-
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F-A
'
..
105
105
—
—
87
*87
—
3-J
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25
25
19
20%
—
.
...
89
74%,
78
F-A
1
90
*90'
75%
53
873/a
F-A
25
7'™
—.4W
.
87
F-A
103%
—
:
87
87
100
4
100'A 100%
F-A
*
101%
87
72
87%
78s/a
"
91
70
"l
,
A-, 18'A
Ark &
157
150
.104
104
1st
4'As
Co
mtge 3Vis
cum
series
income
E
1961
_.1960
July 1970
4s—>>>1955
1966
Union El 1st gold 5s
1950
Union Gas 6s series A—>.—1947
Bklyn Edison cons M 3'As
Eklyn
Gen
mtge s f
Niag Elec 3'As
86'A
100
70
91
101
97%
13
86%
96'/a
J-J
97
97%
13
86'/a
*102%
A-O
7
J-J
A-O
107%
~6
107% 108
*100'/a 102
*100%
—! '
101% 101%
97%
M-S
100
100
97%
102%
M-N
102% 103
A-O
105% 105 y2
'
_
129% 130
129%
131'A
*101% 102
100%
101%
*102'A
101%
102%
*
104
105%
15
105%
107%
104
107 %
75
F-A
3%
& coll
§ Alst
108%
J-D
M-N
105%
1934
deposit
of
133
70%
27
63%
Consolidated
108% 108%
*105% 106
Elec
Guaranteed
109
102%.
gold
Clinch
47%
A-O
103%
94
104%
65
1053/a
109%
105%
109%
49%
19
J-J
*91%
A-O
103
107%
51
31
49%
101%
—
103'A
86%
97%
11
103
98%
97'/a
104
133 %
133% 135%
207
116
135%
303%
103 y2 103%
34
101%
104%
103%
103% 103%
127
100'/a
104
M-N
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113'/2 133%
5
110%
115%
71
90
90
1
99%
2
94
1
104
105'A
-
114%- 115%
►119% 120'A
116% 116%
A-O
116%
121%
2
116 y8
1173/4
117
117%
6
116%
118
J-J
119%
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1
116%
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120'A
115
F-A
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M-S
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J-J
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16
114%
6
112'A
104% 104%
103% 104'A
103% 104
119% 121'A
13
104%
107%
32
96%
106%
114
.1962
1953
A Ref
{-
&
gen
Div
Illinois
Light
A5s
New Eng
A
General
A 4s
78
103
106%
M-N
77
84
119
53%
77%
A-O
23%
27
204
I4%i:
24
23'A
22%
27%
305
13%) .'28
86%
79
,1951
102
1964
106% 106%
104%
107 y8
1975
infis-t
106% 107%
102%
107%
85
J-D
J-J
46
108
108
J-J
103
417
38
306
363/4),
46%
50
107 3A
,104
105% 105%
107% 108
103%
M-S
145 3A
M-N
105
F-A
>—
1
.>1946
J-J
.>1989
i.
J-J
1989
2d consol gold 4s
JACMcago & Alton RR ref 3s,„ -1949
J-J
Div
1st
cons
gold 4s
.
A-O
,^
>-
44
103%- 106%
40
107%: 109
95
96%
90
13
85
r-
11
140%
105%
15
105
15
104
105
104% 104%
*102 %
130
*123
54
1043/4
•
144% 145%
—
55
48%
35%;'
10
—
130
.
55
52%
34%
108% 111
90
M-N
'
R & A
104%
*110%
F-A
.>1996
impt M 3%s series E_„ .>1996
■"
48
'
44'A
..1992
impt mtge 3%s D,
&
v
103%
49'A
ref series A
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->8
96
43'A
.
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106%) 109'A
43'A
J-J
28
87
63'A
47
.
Chesapeake & Ohio Ry—
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84
47
F-A
.1974
5'
86%i 106%
48
J-J
F-A
»_,
24
103%.
51 'A
47 y4
A-O
SACentral RR Ss Banking ,5s stmp. .1942
1
6
48
A-O
.1960
,
Potts Creek Br 1st 4s
106%
A-O
.1940
.1987
„
—
to Aug 1 1949)-.
903/8
105
.1974
(4y4%
73
F-A
Central Pacific 1st ref gtd gold 4s. .1949
1st &
102%),104%
9
90%
.1987
5s_
4
104'A
102%?' 106%
90
.1987
————
gold
26
103 'A
.1960
registered——
Guaranteed
88
i-.;
J-D
.1959®
—.
—
110%
3
104:
103
J-J
1st gtd 4s
gold 5s—_. .1987
4s—;
120 »/4
108
.1959
3%s
registered
121%
lll'A
.1945
.-Nov
5s
107%
18
15
88
86%
.1961
1st gold
47
108% 109
1943
AChatt Div pur money gold\4s,.
A Mobile
103 y8i, 105'A
,1948
1st gold 4s_,
5'/2s series B
5s series C
gen
9
120'A
120
J-J
;
115%
118% 119'A
A-O
F-A
debs,—;
117%
117%
Ohio 4a„—_—1965
U P
1083/4
107%
112
3-D
J-J
gtd gold 4s—>1981
&
25
106 y4
103%
13"
107'A 107%
M7
M-S
Central N Y Power 3s_—
A-O
104
&
t A Cent
99
A-O
104
86%
73%
31%
—
.—,
A Ref
102%
M-S
M-S
5s,
of Georgia Ry—
Alst mtge 5s
§ A Consol gold 5s
102
105% 106%
y2
111%
80
*102%
F£ :
Corp 3%S debs—;
Branch
Central
106'A
99
108%
107'A
109%
149
86%
I960
3%s
Power
Cart & Adlr 1st
1063A
41
90
110%
105%
51
83
A-O
Calif Oregon
104
3-D
,
106'A
47%
1955
t A Central of N J gen
7
;
108%
105%
18
105% 106
1952
5s„
Bush Term Bldgs 5» gtd
105%
102%
13
80'A
84
105
106'A
108%
4
105'A
49
83
.
Bush Terminal 1st 4s
103%
89%
140
1031/4
76%
84
*110% 111%
108 %
F-A
at
5s
ACertit&afces
100
2
98
35
75
*106%
F-A
<
107%
106%
101'A 101%
105
M-N'
107
105%
104
107%
tCentral
107
"5
8
82
101%
M-N
1957
14
*106
A-O
1967
107%
105%
106'A 107
M-N
M-N
105'/a
105% 106%
105'A
M-S
'J-J
16
104
F-A
F-A
>-
105 y8 105%
J-J
M-S
tBurlington Cedar Rap ti Nor—
100
'
102%
A-O
1969
„1981
modified
(interest
to May 1, 1947) due
108
100
,
».
98
102%
'
Buffalo Rochester & Pgh Ry—
A Cent
104%
■
98%
J-D
A-O
M-S
series C
110
97%
100%
J-J
99%
100% 100%
97%
3-J
1969
3%s
debentures
4s s f
157
debs
due
1—1951
1951
75
96%
3-J
„
Carolina
(111)—
(Subordinated)
1950
1959
due,
1947)
27
103
1
*•106 'A 107
M-N
Q-J
&
100%
78
103
1
103
■
1948.
1043/4
5
104
v
96%
25
101 % 103
103
J-D
F-A
Jan
Armour
94%
tSACarolina Central ist gtd 4s——1949
Certificates of deposit
—
20 3/4
13
*,20
105% 105%
M-S
1972
gold 4s_
1
Celotex Corp 3%s
1995
Memphis Rv Bdge & Term 5s 1964
1st
55
139
J-J
1967
Arbor
742
Oct 1969
Guaranteed gold 5s
.,,.1970
Guaranteed gold 4%s_„__
>1955
Guaranteed gold 4%s>__,.
>1956
Guaranteed gold 4y2s
,,>1951
Canadian Northern Ry deb 61/2S_„1946
Can Pac Ry 4% deb stk perpetual—
Collateral trust 4%s
—.—I960
J-D
>1962'
74%
99% 100
26%
1
7
M-N
—1969
71
99%
32
31
24'A
1978
1984
1958
series A—1975
AAnglo-Chllean Nitrate deb
Ann
—
72
M-N
17%
7
J-D
M-N
1950
debentures
Tobacco
Amer
F-A
22
7
31
24%
31
J-D
♦100
—
due
M-N
*100
Telephone & Telegraph Co.—
1961
debentures—
;
>196^
debentures—
88
I^W |. }
American
3 'As
66%
A-O
M-N
1998
2030
.>1949
118
M-N
Alleghany & West 1st gtd 4s.._
Pow deb 5s„
87%
>1968
A-O
G Chem
83%
Power 3y8s
—1974
Canada Soutnern cons gtd 5s A—1962
Canadian National gold 4'As
1957
A-O
Foreign
1998
83%
27%
Albany & Susquehanna RR.3'As—>1946
&
88
M-S
to
ser
12
A-O
Amer I
66%
17
>1948
Am
143
21%
M-N
>,
2000
87%
21
J-D
mtge
92%
83%
California
1953
Adams Express coll tr gold 4s
1948
Call trust 4s of 1907>
>1947
10-year deb 4'As stamped
1946
Alabama Great Southern 3yiS—_1967
1st
88'A
27%
1953
Power
107'A
66%
12
1960
AStamped
Albany Perfor Wrap Pap 6s—;
6s with warrants assented—
99%
202
10
J-D
Alabama
118
87%
82
Companies
series A plain—
103% 105%
21%
lAbitibl Power & Paper—
§ A 5s
104%
83%
Alnc
Celanese
Railroad and Industrial
A-O
21%
1979.
conv
readjustment
433/4
66%
5
"79 y8
*73
%
36
11
1958
extl
53 7;
50
1978
conversion
ft
4-4y<t-4Vis extl
106%
M-N
1979
readjustment
1st
463A
1937)—
of
bonds
/
37
1964
AExternal sink fund 6s
AExternal
3%s-4-4»/8%
*••
40%
39
(Kingdom)—
Vis assented
98 y8
M-S
Btamped
7
A-O
7s
104
1993
due
gold 4%s series JJ
1
mtge 4s series RR—;
iritge 4'/2s ser A
1st
48
4
82
Silesia
105% 106%
(int at 1 % to
stamped
Buffalo
7
50
43aA
external
59
46 3A
81%
secured
105%:
75%
Buffalo Gen Elec-4'As B
52
43%
•:
46'A
105'A
213
3%s—_1951
Bell Telephone of Pa 5s series C—1960
Beneficial Indus Loan 2'/48
1950
2%s debentures
1956
Bethlehem Steel Corporation—
Consol mtge 3'As series F
1959
Consol mtge 3s series G
1960
Consol mtge 3'As series H
1965
Boston & Maine 1st 5s A C_
,—1967
,i1st M 5s series II
-1955
57%
46%
3-J
43%
8s
.
38
102
A-O
103
92%
ref 4s
Con
Bklyn
40
42
11
3-J
A 4
A
.>»**'
.
53
51%
53
45%
45%
7
50
15
27
41%
39
102
88%
fABoston & N Y Air L 1st
42
43%
"3
59
57%
3-J
M-S
''
45%
*51
59
44
23
50
39
103
3-J
84%
& Aroostook RR—
Bangor
50%
•37%
*37%
J-3
40 3/4
37%
44
48%
48'A
3-J
M-S
89%
Toledo Cin Div ref 4s A
"98%
41
43 3A
Stamped pursuant to Plan A
(Int reduced to 3.5%).—>1978
A
483A
90%
1
48%
48%
A-O
Serbs Croats & Slovenes
40%
423/a
98
*96
M-S
M-N
107%
109'A
96%. 109 %
J-D
„
2012
1940
8 A Secured
493A
36'
40%
1968
Stamped pursuant to Plan A
(Int reduced to 2%)—
a f
7s
~1
46 3A
46 3/4
42%
39%
40%
J-D
45%
36
5
104%
104%
76
J-D
Beech Creek Extension 1st
393/4
7
1.
19
107% 108'A
(int at lVo%
due
F (int at 1%
Sep 1 1946) due
4s
35
47
M-N
107%
1993
due
C
1946)
1
gen
to Jan
45
K
36%
32 W
43%
43%
3-D
40
45
*42
J-D
J-3
4999
,
J-D
Feb 11960
ser
Pgh L E Si W Va System—
Ref gold 4s extended to
1951
S'west Div 1st M (int at 3ya%
■
2
52%
52%
104%
;
39%
*35
A-O
3-J
ul956
Stamped pursuant to Plan A
(Int reduced to 2.25%)
M-S
84
1 1946)
Sep
50
41
F-A
Dec
AConv
~4
24
;
105% 105%
108'A 108%
M-N
A (Int at 1% to
1946)
1
gen
Ref &
49%
F-A
1999
loan
1948
1953
4s
Ref & gen ser D
83
71'/a
''
A—
A-O
-1950
Stamped pursuant to Plan A
40
104% 104'A
Stamped pursuant to Plan A
(Int. reduced to 2%)
2012
,——1936
493A
48%
104'/a
A-O
A6V2s extl secured s I
Afis extl
Dec
.
F-A
110'A
:
RR—•
gen ser
Ref &
47
37%
*40
J-3
44
r;.(Int reduced to 2.5% )
—1964
.
Ref &
41
'
—
111'A
*105
—
'
43
:r
*46 3A
.
.
J-D
1st mtge gold 4s
July 1948
Btamped modified bonds—
1st mtge gold
(int at 4% to
Oct 1 1946) due—:
-July 1948
39
28%
(Int
(State) 8s
Stamped pursuant to Plan A
(Iiwreduced to 2.5%)—
:_1946
A__.
110%
110% 111
B
30%
37%
52
110%
lit
109
/
>110%
J-D
123
124
Ry—
deb 3s
& Ohio
Baltimore
34%
28
Stamped pursuant
water
mortgage
to
to Plan A
2.25% )—2006,
APrague (City of Greater) 7%8—1952
Queensland (State) extl 6s
1947
A Rio de Janeiro
(City of) 8s——1948
Stamped pursuant to Plan A
(Int reduced to 2.375%)
2001
AExternal sec 6Vis
1953
Stamped pursuant'to Plan A
(Int reduced to 2%)
2012
Rio Grande do Sul (State of)—
*
A8s extl loan of 1921
1948
Stamped pursuant to Plan A
(Int reduced to 2.5%)——1999
Afis external sink fund gold
1968
Stamped pursuant to Plan A
(Int reduced to 2%)
2012
A 7s external loan of 1926
1968
extl
4'/2s
115%
110'A
122% 123
*109%
Atlantic & Danville Ry 1st 4s,_—1948
27%
32
■"
'
39
High
133%
117
*193
122%
J-D
24%
21%
Stamped pursuant
(Int reduced to
A7s
unified
Nov
25%
26
21%
3-J
Low
129%
47
131% 132
231%
40%
23%
J-3
Sold
No.
High
J-D
1963
__July 1952
1st cons 4s
Coast
Second
23%
A-O
Range Since
January 1
Bonds
Bid & Asked
1955
1960
Line
Air
3%s
1st mortgage
Atlantic
47
38%
1960
external—.;
Charlotte
&
Atlanta
General
105%
38%
45%
2001
A 8s
98%
1940
Paulo
Conv 4s of 1905—,,,i
gold 4s of 191Q_»»
Atl Knox & Nor 1st gold 5s
100
95
21%
AExternal loan 7%s
|ASan
M-N
Conv
98'/a
95
:
■
•
.
95%
98%
•'
'
90%
88%
90%
90 3/8
*95'/8
22
Stamped pursuant to Plan A
(Int reduced to 2.375% )_
SASan
A-O
4s
v
•
'
A-O
A4'/2S assented
(City of)
100%
,
,
"
*100'/8
90%
J-D
A-O
101
98%
*100% 101
3-D
sink fund gold 8s
APorto Alegre
98%
100% 101
A-O
F-A
101
M-S
'/as assented
A 4
M-3
103%
97
100%
5
1960
1961
AStabillzatlon loan s f 7s
AExternal
24
1959
gold 6s
(Rep of)
assented
SAPoland
»1995
Adjustment gold 4s
1995
Stamped 4s
:—_—;___1995
Conv gold 4s of 1909
>>1955
103
97%
14
100'A 100%
2008
1 6s 2d ser
s
100%
Last
Sale Price
Atchison Topeka & Santa Fe—
—•
100'A 100%
F-A
A-O
Week's Range
or Friday's
Friday
Interest
Exchange
Low
M-S
6s 1st ser
loan extl s f
Nat
*105
Bell Teletype—NY 1-310
Period
Stock
Atlantic Refining
Stamped pursuant to Plan A
(Int reduced to 2.125%)
A Peru
(Rep ox) external 7s
A
*115
M-N
Exchange
'*
BONDS
York
General
-
5s
sins
J-D
Stock
Telephone—DIgby 4-4933
New
(State)—
i 5s
(Kingdom of)
Norway
4s
City)
Wales
South
New
t
series A
A 6s
'
.
45'A
York
New York 6
41
118
♦
2.125%)—2008
to
f 6%s
New
37.
4 6'/a
46%
46'/a
M-S
46%
37
M-S
Stamped pursuant to Plan A
(Int reduced to 2.125%)—2008
'
.
s
Mejnbert
Broadway
61
Stamped pursuant to Plan A
(Int
22%
*18%
agree
(State)—
Minas Geraes
PFLUGFELDER, BAMPTON & RUST
17%
22%
18
*14
18%
16
'
^
13%
9%
12
11%
11'A
*18'A
7-3
5
12
12
J-D
7-3
agree
8 a Treasury 6s of 1913 assent
AAssented to Nov. 5, 1942,
20
*17%
agree
>
Railroad Reorganization Securities
*20
agree
1942,
1910—
AAssentlng 4s of
1943
1945
1899 £
01
5s of 1899—
to Nov. 5,
A Assented
CHRONICLE
THE COMMERCIAL & FINANCIAL
,
59
90
145%
106%
107%
.
102103
128 3/4
13,0
125
126
32
:
-59
,
THE COMMERCIAL & FINANCIAL CHRONICLE
30
Monday, July 2, 1941
NEW YORK BOND RECORD
FOR WEEK ENDING JUNE
RANGE
BONDS
New York
Interest
Stock Exchange
Period
BONDS
Week's Range
Last
•'
or Friday's
Sale Price
Bid & .Asked
Low
115
New York Stock
Range Since
January 1
Sold
High
114
Bonds
Low
No.
4s-_*_*-,i._*«.......-1958 1
j-j
114
ref 4l/aS series B_.._1977
F-A
115
1st <Sc ref mtge 33/4S_——1974
F-A
let &
,
Eastern ill RR—
mtge inc (conv)
'i
Chicago
,
&
tChie MilwSt Paul & Pac RR—•
A Mtge gold 5s series A-*-——1975
ACouv adjustment 5s_,
-Jan 1 2000
Chicago & North Western
112 Va
Elec Auto-Lite 2%s debs
1950
Elgin Joliet & East Ry 3y4s—
1970
El paso. & jS W 1st 5s———**——-1965
,/ 5s. • stamped
—^*v*—■—1965'
Empire Gas & Fuel 3%s
1962
115 %
35
104%
106%
304
98% ! 99 V*.
79
'
60
1"
27
•
•
,
29
83
107
107
110
100
100
23
28
24 y4
M-N
J-J
*107%
99%
V4
J-J
99%
F-A
,
,16%
J-J
92%
114%
88
111
95%
117%
16.
96
117%
96%
3
83%
87 y4.
69
2,891
17%
91
93%
408
77%
103
*
874
'5.'
85
82%
10.
,105% 108%
105%
23%
103
73%
A4s
3
97%
98
99%
89%
,
,
'103%
J-J
110
110
1
1
102
57
103
55% '"79
77%
104
J-D
m-s
108%
105
79 y4
terays
•
Point Term; 1st gtd.5s—
99%
68 y4
—
69%
49
104% 105
68
13
.40
99ya
J-D
:
*102%
J-J
!
122%
J-J
1978
92
Gen' mtge 3%s, ser L——
3%s ser M———.
/
108
Gen mtge
V
102% 105
1960
K_L_r—
105
101
1013/a
/
..
122% 122%
137
137
J-J
1977
1967
-
61
.'.
10
;
119%
A- ,/
123
*
1973
General .4'/2s series E
Gen mtge 3%s series 1——
Gen -mtge 3 ya.s ' ser
—
—
101% 101%
M-N
52 Va
102%
91Va
•
137
7
130 V* 130%
'
94%
54
39%
89 Va
•
•
;
73
105%
103%
*50
,
'
1952
General 5s series-C--—--—-J.
General 4 V2S series D
100
105%
24
—
V-.
'.
...1947
Great Northern Ry.Co— :
:
General 5 y2s series B—
106%
V
Castings 5%s_—i.—
'
28
94%
/1
.
'
.
J-J
,74%
Jg AGa Caro & Nor 1st ext 6s_—*_.1934
Certificates of deposit—:
Goodrich (B F) Co. 1st
mtge 2%s_l965
Steel
"
J-J
111%
'
111% 111%
I3734
128%
8
121%
21
;
noy4
130%
ii2ya
*
J-J
105
105
33
105
106
J-J
105 Va
106'/4
13
1033/4
.
106 Va
107
'
1970
J-J
1980
J-J
A Green
Bay & West deb ctfs A—,
ADebentures ctfs B_.
C*.;
■
107% 108
'
,107
7/
Feb
*■'—.
*78%
•
6
107%
106
109
5.
■
106
111%
74
..
84
18
42
13%
18%
A-O
102
8
debs——**.
.1959
A-O
90%
103
1023/8 103
15
102%
Gulf Mobile & Ohio 4s series B—.
104%
.1975
J-J
105
101%
106
.2015
J-J
100%
.1969
A-O
1023/4
"101%
103
101% 102
100
100
11
102%
*105
;
90 V2
103%
76
127
107%:
112% 112%
-1993
j-d
j-j
102%
■
Gen mtge inc 5s series A—.
1st & ref 3%s series D——
Gulf & Ship Island RR—
109
106%
•
1083%
1st &
105%
V;
7
102
:I'
5
ref Term
M 5s
stpd—..1952
105
7
.
62
99% 100%
102% 102 3/4
J-J
*98
Gulf States Util 3%s series D—1969
M,-N
Hocking Valley Ry 1st 4%s———1999
JSAHousatonic Ry cons gold 5s—.1937
91
/ 15:
100%
98
.
104
J-J
Hudson Coal 1st
J-D
■;;
98%
98%
108% 110
__
:*.*
—' '
109%
■'./*.* '
H
107/112%
104%
__
96%
143,
83
96%
9oya
23
80
90 ya
105% 106
16
107% 107%
101 %
5
107 %
.
Co
Gas
s
f 5s
series A—1962
1st
gold 5s...—1949
Hudson & Manhattan 1st 5s A——1057
109%
107
Hudson
106
107
j-j
17%
111% 112%
89
M-AT
Feb
•
93%
j-j
Corp 3s
'
106%
__
*121%.:
93%
M-N
V
P-A
*107%
A-O
.
...
—
AAdJ income SS
Feb 1957
*142% 144
m-n
*102
83%
m-n
139% 144%
103
102
86%
83%
115
109
115
72%
3
87%
115
115%
F-A
75%
75%
79%
324
64 y4
80
A-O
41
41
45
350
30%
45
104
104
105
105
:
107%
A-O
A-O
109%
25
106% 107
38
111%
105 3/s
_■
15
106% 107%
107
Illinois Bell Telep 2%s series A
Illinois Central RR—
■
107 y* 107%
*107,
.
.
*112ya 114%
A-O
1083/4
104%
1073%
102 Va
M-N
.
82
.
1970
82
M-N
*110
110%
'
'
J-J
1951
a-o
1951
m-s
1952
a-o
1955
m-n
3y2s—,
1952
Collateral trust, gold 4s
1953
m-n
——.—....1955
m-n
j-j
125 Va
124% 126
107%
107%
j-j
108%
109%
114
126
*112%
—.
106
—
116
105%
1083/4
111%
112%
31
108
107%
—
107
lines
debentures——-1956
A-O
102%
-1958.
J-J
57
103% 104%,
j-j
74%
j-j
-1950
j-j
102%
102%
74%
58%
75%
74%
12
75
75
75%
13
*71%
i
105%
57
74%
;■
105%; 107
103
75
■57
69
y2s—-—
1st mtge 3y2s————1st mtge 3%s_.*-.——
1st mtge 3 Wis——.
Crane Co 2%s s f debs———;—
Crucible Steel 3 % ft s f debs——
f ACuba Northern Ry 1st 5%S.—
/ ADeposit
receipts——-*—
ACuba RR 1st 5s gold-—-——,
-1965
M-N
.1970
M-N
.1968
'lwr-W
.1969
M-N
.1950
A-O
.1955
J-D
.1942
J-D
107
106%
*1952
.
f-a
Div
1st gold 3s—*——1951
Term gold 3s—1951
103"
'103%
*60%
80
80
■
/4-r
*67
i7
St ref mtge
A-O
47
2.
48
75
-
22
89%
-:
'
83
88%
:
8
91V*
96%
84%
38
90%
105
__/
94%
190
74
13
94%
100
105%
•
84
49
106% 107
/
j-j
//
100>/a
2
95%
97
20
83%
96
.■5
983/4 100
v:
;Vr'
~
J-D
'
r*"
a-o
•■> •■■'V-..:/
96%
•
'
„
1
99%
105%
97,
:
103%
993/4
191
81%
100%
91%
94%
142
76 %
95%
92
20
73%
106
1
105%
85%
513/4
66
.6
■:."
A
106
97%
14
;
75
'
107%
107% 107%
13
J-J
84%
84%
897/a
51 y8
54%
278
83%
85
83
80%
106% 1073/4
91
51%
J-J
6s series
A—1—1955
Int Rys Cent Amer 1st 5s B—.1972
Lot Telep & Teleg deb gold 4%s.—1952
t
Debentures 5s_.
—1953
50%
101
J-J
A-O
Paper 5s series A & B—1947
Ref sink fund
103 3/a
—
973/4
*111
A-O
Intsrnat
52
71%
46ya
i.*
6s series A—-July 1952
u»—1950
106%
'
gold 5s series C—1958
SAInternat Hydro El deb 6s——1944
68
46%
71%
101% 102
1st 5s series B——
A 1st
'
■**-»
Adjustment
A
92
.
96
j-j
97%
96
100
91%
/ 913/4
:
89
*103% 103%
96%
J-D
J-D
82'%
'
34
;
104% 104Ya
'
96
105%
*96
—-
f-a
—
99%
97%
107 y4
103
101
97
96
:
98 44:
1
75
99%
103
99
,
101
m-s
international Great Northern RR—
A 1st 6s series A—*_**.—*——11952
503A
47
11
47%48
:
.:■;/ 97
J-J
j-j
2
,
/
■
*100%
J-J
Inland Steel 1st mtge 3s series P..
1901
103
80
69
*47
..1963
103%
62%
.
47%
68%
series A....,
4s ser D—.—.1963
105
103
99%' 99%
•
j-j
Did All-& Iowa 1st gold 4s.—...—1950
JAIid & Louisville 1st gtd 4s.—*.1950
Indmnapolis Union Ry 3%s ser B.1986
1023/4 103%
573%
61%
■:
13
■■
*67
1st ref 5s
^st & ref 4%s series C———1963
110%
102
4
49 V2'
j-d
*1055'
108%
■
61%
49%
j-d
*1948
2
•■
47
receipts*—
A7y2s series A extended to—- Iiiie
ADeposit receipts----*——
10
■
.1951
•Springfield Div -1st gold 3%s—J1951
Western Lines 1st gold 4s.......1951
/ Registered
Joint
Va
104% 106%
107,
108%
106 >/4 108 5/a
29
106% 106%
80
J-J
9
108% 108%
,—
49%;
ADeposit
extended to—
ADeposit receipts—*—
Curtis Publishing Co 3s deb—
104% 105%
107
107%
-
•
96%
106 %
J-J
111 Cent and Chic St L & N O—
Power Co—-
1st mtge 3
'«.«•
-
•
"
:.:■■■■■■
74
99%
100% 101%
90%
Gold 3%s_*—_
105 ya
3
25
J-J
103
m~*rn
•
■
74
■
.
105%
103%
7
106% 106%
J-D
4s*—— -1955
4s———
102% 103%
102% 103%
**
973/i
100%
1023/4 105%
Vl
-*
97%
•
'
.
J-D
St. Louis Div
13
:
*100%
F-A
"
.102%
^
....—.I960
Cairo Bridge gold 4s_.—*—.1950
Litchfield Div 1st gold 3s*_*
.1951
Louisville Div & Term gold 3%s.l953
'
A-O
*101%
•
Omaha
?
21
-
.
F-A
1st
Refunding 5s
40-year 4%s
18
107%'
;
110%
114
F-A
-1948
series B
1951
Purchased
106%
108
*114%
104%
Refunding '4s...——..
105 y4
103%
—
MS
P-A
.
21
J-J
.1st gold 3s sterling
Collateral trust gold 4s
86%
103
j-j
gold 3%s
107
74%
10
105% 106%
*107%
A-O :l
'
118
86
104% 104%
106
1981
1951
1st gold '4s—
1st gold 3%s
Extended
j-j
-1954
A 6s
77%
103% 103%
J-J
83
102% 103%
Ry non-conv deb 4s—
i
70
Greyhound
j-d
Consolidated Oil conv deb 3y2s—:
•
■
77%
M-N
79
111
; f-a
1951
>.
73%.
106%
F-A
-1958
3 %s* debentures——
.
99%
108
-.1993
3s series L
L 1st & ref 4%s_._... -1951
f 3%s A_.—. -1961
Debenture
.74
M-S
Corp—
debs————1969
inc
conv
———
*108% 110
-1977,'
A Debenture
19*74
*101% 102
105%
,-1974
El 3%s—
3 VaS: debentures----———*
A
128%
J-D
J-J
91
Consolidated Edison of New York-
Consumers
132
3 20 Va
1949
83%
15
*112%
Conn River Power s
t A Con sol
105%
117%
4
M-N
1st extl 4s——-1955
■
3%s
104
25
105%
"
Commonwealth Edison Co—•
conv debs 3 Vas—
mtge
15
35
jAGeorgia & Ala Ry 5s_——Oct"l 1945
Certificates of deposit--———
57
110
F-A
-1961
Ueo&niure 5s——,—.*—^
Columbus & H V 1st extl goid4s. -1948
Conn Ry «s
106%
105% 105%
A-O
.
'
1st
*106
105
Gen
22
107% 107%
103% 103%
J-J
J-D
3%s gtd————— ,*1948
-1950
Series D 3VaS gtd—-—
Cleve Short Line 1st gtd 4M»S—. -1981
Cleve Union Term gtd 5%s—. -1972
1st s f 5s series B gtd——— -1973
-1977
1st s f 4 Vis series C—-i.-—
Colorado & Southern Ry.-—
-1980
4%s (stamped modified)—.
Columbia Gas & Elec deb, 5s— -1952
& To!
105%
102%
101%
MS
Pittsburgh RR—
Columbus & Sou Ohio
:
.
1313/2 132
*90%
95
'
88%
J-J
•
'
Columbus
;_1959
& ref 5s series A_*—
,
C
Series
—
100%
106%
*104%
M-N
103%
102
—
89%
'
100%
102
101%
126% 127
—
.
21
J-J
1943
52%
13%
741
98%
99
M-S
Ref & impt 4y2s series E—,
Cin Wab & M Div 1st 4s——, -1991
Bt L DiV 1st coll tr gold 4s— -1990
-1970
Cleveland Elec Blum 3s
*&
_i&0i
47%.
535
*99%
-1977
Cleveland
3 V4s_;
mtge
.78%
1,444
26%
,
-1969
Union Terminal—
3%s series E——
1st mtge 2%s ser G.——
Cleve Cln Chic & St Louis Ry—
General gold 4s——
General 5s series B_.——.—■«.
-M-S
1st
Gas & Elec of Berg Co cons 5s——1949
General Realty & Utilities
Cincinnati
1st mtge gtd
,.—1971
Div
68%
377
79%
.
*106%
J-D
-I960
,-1967
24
J-D
4s—.—1952 y
—1962
*—u**—
75
J-D
.
1st mtge 3%s*..
69
75%
J-D
4s———1951
3%s...—
70%
M-N
Southeastern 1st 5s—1960 guaranteed 5s_——Dec 11960
ACertificates of deposit----Chicago Union Station—
1st mtge 3VsS series P—
,-1963 ;
1st mtge 2%s ser G ——1963 V
Cincinnati Gas & Elec
J-J
80%
Income
ttAChilds> Co deb 5s.—-——1943
JADebenture 5s ——
.-1957
JAChoctaw Ok & Gulf cons 5S—1952
—__2000
"
103
M-S
-1951/
D
G
—
94
A-O
Chic T H &
1st & ref 4%s series
ser
ACertificates of deposit- ,
Francisco Sugar coll trust 6s———1950
33%
82%
J-J
-1988 /
314s-———;—
mtge 3%s
88
236
97%
,101% 101 y4
99%
33%
92%
F-A'
99%
101% I02ya
101 y4
J-J
115
103 y«
119%
99%
29%
103
J-J
P_—„—1990
A 1st
85
.
ser
116ya
106%
100
/■/:; 6
97%
mtge-3l/as
cons
107,
106%
2-
V
101%
High
103%
105 y2.
TJ-
-•:29 :
.
114% 115
A-O
cons
Firestone Tire & Rub 3s debj
JAPiorida Cent & Peninsular 5s
Certificates of deposit—
jFlorida East Coast 1st 4y2s*
31%
30%
n
A-O
Low
F
108
83
99ya100
114% 116'%
101
J-J
1st
Ohio
26
99%
J-J
116
101
J-J
1st
110
50
V
106%
106 y4 106 y4
A-O
29%
43
99%
99 Vs
99
15%
V1
102%
■
•
A-O
97ya
Range Since
January 1
Sold
No.
High
104%
72
105
99
99 y2
79
—
J-J
J-J
84
276
J-J
,
1,!
29%
27%
J-J
:
22
■
.
5s
.—_**—*,
Chic & West Indiana com
:
Ry—
1st
Memphis Div 1st gold
90% .100
65% .83
Bonds
Friday's
*102% 103%
M-S
mtge inc 4%s series A——2015
1st cons; mtge .3 %s ser E*
*—1964
56
97%
J-D
'
Gen
22
104%
96
or
Bid & Asked
Erie Railroad Co-
76%
140
132
Certificates
Gold
:
99
J-J
8 ARefunding
■
22
■■
J-J
of deposit———^
gold 4s
—
1934
8 A Secured 4 %s series A
1952
A Conv gold 4148-—-—I960
Chicago St L & New Orleans 5s—1951
•A
v:
140
J-J
stpd ■
part paid———*---1927
tChicago Rock Island & Pacific. Ry—
•'
4s
111%
>
25%
AGeneral
46
76
140'
J-J
mtge conv.income 4%s_—1999
1st mtge 3s ser B—————
1989
Railways
74
140
J-J
2nd
$8AChicago
74
j-j
M-N
Chicago & Erie 1st gold 5s
Last
Sale Price
•
Low
;
..—1997
-*1982
Chicago Gt West 1st 4s series A—1988
AGen inc mtge 4%s_.———--2038
IChicago. Ind & Louisville Ry"—•
ARefunding 6s ser A*—-—.—1947
A Refunding gold 5s series B—*1347
ARenmding 4s series C——..—1947
a 1st & gen 5s series A——-—1968
A 1st & gen 6s series B
May 1960
Chicago Ind & Sou 50-year 4s——1950
tCiueago Milwaukee & St Paul—
AGen 4s series A_.
;—May 11989
AGen gold 3%s series B—May 11989
AGen 4%s series C—May 11989
AGen 414s series E—-May 11989
AGen 4%s series F——-May 11989
AGen
\
114y2 115i/a:
104% 104%
Interest
High
115%
Week's Range
Friday
Exchange
Period
Chicago Burlington & QuIncy.RR—
general
29
Friday
J-J
83
81
104%
M-S
ow'/»
28%
54%
9
58%
85
84%
12
58%
84%
82%
221
8
74%
104
105%
5
106% 1U%
102
104% 104 %
107% 107%
:
/
88
"
102% 102%
1
J-J
100%
100% 101%
123
95%
102%
F-A
103%
103% 104%
185
99
104%
M-N
102 Va
D
Dayton P & L 1st mtge 3s_
1970
Dayton Union Ry 3Wis series B—13C5
J-D
Delaware &; Hudson 4s extended_*.1963
M-N
J- J
Delaware, Lack & West RR Co-- •
N* Y, Lack & Western div>
•
.i
1st &. ref M 5s ser C—
—.1973
Income mtge ,due___,
„__„1993
Delaware Power & Light 3s__„^_1973
,107
107
: 1
107
*104
108
1063/4
108%
107%
107% 108
154
103% 103%
/' ' ■l'
'
■
98
James Frank! & Clear 1st 4s—1959
J-D
Jones & Laughlin Steel 3y4s
/-C
108
J-J
1961
98
98
99
49
88%
7
103%
104%
103
103 Va 103%
105%
99
.
;
M-N
.
M-N
—
76%.
A-O
76%
*—
11
78M,
107%
99%
■
105
,
K
78%
57%:
106
109
Kanawha & Mich 1st gtd gold 4s..1990
Kansas City Fort Scott & Mem.Ry—
JDenver & Rio Grande RR—
——.—1936
gold 4'/a8
———1930
JDenver & Rio Grande Western RR—>
1A 1st consol 4s—.-;
j-j
fAConsol
72
J-J
71%
74
75
:.
501
59%
75
61
76%
,76%
36
P-A
17%
17
19%
193
5%
21
F-A
15
15
17%
582
'5%
19
***-1978
1965
A-O
68%
68
70 y2
223
54%
A-O
71%
108
V4 108%
11
106 y4
G£U!& ref mtge 3&s series G—1966
M-S
108%
107% 107 y4
7
AGeneral
:
.
s
f 5s_—1955
-A Assented
■
ARdf & impt 5s series B
Detroit Edison 4s series P
•
10714
106
Detroit & Mackinac 1st lien gold 4s 1995
j-d
54%
54%
6
48
1995
j-d
35
35%
11
28
.ASeCond
gold 4s
Detroit Term
& Tunnel 4y2s———1961
107
.M-N
-1950
Dul- Miss & Iron Range Ry 3aAs—1962
J§ADul Sou Shore & Atl gold 5s—1937
A-O
Dutjuesne Light 1st M 3 V»B———1965
j-j
112% 113
M-S
Dow- Chemical
deb 2J/»s—*—
aast Term
Ed El Til
For
Va & Ga Div
1st 5s
(NY) 1st cons
1958
gJld it:ii995
footnotes
see
page
32.
http://fraser.stlouisfed.org/
V
Federal Reserve Bank of St. Louis
j-j
m-n
j-j
107
5
:
16
'103
106% 107%
70%
105
-
24
109%
109
56
35%
110%
114
1021%
106%
103%.
1091/4
62
70%
58
45
70%
105
105%
13
105
*107%
.*
1936
A-O
91%
Kansas City Southern Ry 1st 3s
1950
Ref & impt 5s*
——Apr 1950
A-O
101%
J-J
Kentucky Central gold 4s
—.*—1987
Kentucky ,& Ind, Terra 4VaS—
;
,1961
Stamped
——1961
J-J
*105%
;
J-J
*109%
..
,*.
Plain
•
unguaranteed—.
4%s
1961
,91%
91%
11
80%
30
93
105 Va
8
*120%
J-J
81%
101% 101%
105
J-J
52
92%
90%
.
j-d
3s series H
fi ARefunding gtd 4s———
ACertificates of deposit-^..;
.
1970
Gent & ref
*
A-O
_.
92%
91%,
101%
92% 105%
118% 118%
68
106
109
102
'
79
101
104
*80
102
J-J
*io5ya
Kings County El L & P 6s*—,
1997
A-O
*182%
Kings Co Lighting 1st 5s*—
1954
J-J
105 3V 109
1954
J-J
105 A
110
102%
105%
1st
&
ref
6%S——*——
Koppers Co 1st mtge 3s
JAKreuger St Toll 6s ctfs
1961
.
.1964
A-O
1959
m-s
104% 104 y4
6
6 y4
J-D
109
J-D
107% 107 V*
104%
173%
*.
8
27
4%'
183
8
108%
*119
—
158
158
116%
119%
151
158
Lake Sh & Mich Sou gold 3V2s
1997
3%s registered—
*—.1997
Lautaro Nitrate Co Ltd—
A 1st
mtge income reg
1975
Dec
58%
58%
109
60
4
1
44
105% 110%
102% 108
50
61
r<*
31
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4399
.Volume 162
NEW YORK BOND RECORD
WEEK ENDING JUNE 2!)
RANGE FOR
Interest
Last
Period
Stock Exchange
Sale Price
Lehigh Coal & Nav s f 4V8s A,„,1954
Cons sink fund 4'%s series ;Q,„>1954
106 Vs
nos
J-J
;A-0
99%
;
—
2
1st gtd gold As-—,-1945
Lenigh Valley Coal Co—
1st & ref sink,fund 5s-„„^„_.,.,..1954
5s
stamped
—1954
1st fix ref sink fund 5s
~1964
Lehigh & N Y
2
105%
105%
99%
•
Purchase money gold 4s,
N
Y
N
■100%
100%
98
F'A
100%
*96% 102 Vi
—
& ref sink
*93%
F-A
93%
93 Vi
95
-.
*F- A
85
85
J-J
89
88%
92
-
Lenigh Valley
gtd 5s_——1954
4%e ext..——.1950
N Y
Lehigh Valley RR—
4s stamped modified
-87 Vi
■,
-47
63 Vi
63 Vi
64%
12
M-.N
7oy2
70
75%
,-A-O
88
425
'
Terminal Ry ext 5s._l95i
,
"90
88
79
gtd—1965
A-O
.>» 119% '119%
1091/4
116
106%
108
6
,106%
107 Vi 107%
M-S
2003
105% 105%
10
105%
107%
a-o
110% 1111/4
17
107%
111%
105% 105%
9
104%
107
,'.'.101% 101%
2
101%
102 i/a
3
100
101%
Norfolk
IOI1/4
101»/4
North
114i/8
115%
f
:
j-j
1960
1946
1980
1945
.-1955
:,
f-a
.
m-s
■
.
'
101% 101%
"
•
105%
,103%
*101'/4 108%
m-s
*116
■
;v
__
.
:
1st
Central
& ref 4%s
901/4
75
92 y8
Ref
fit
/
Ref
fit
-
__
*100%
102%
106%
107.
3
99 ya
102 Va
16
16V4
25%
~3
107
104% 104% r
•104%'
*109% IIOV'4
m-s
.
91
91
107
10
j-d
1st
__
t--
99%
j-j
:/
49'
100 Va
99-
Ohio
72%'
72 %
75
90 Va
831/2
92%
j-j
——1962
81
'//•
95
961%
22
82
83
86
24
701%
87%
■
87%
89
8
74%
96% 107
284
641/2
.;
,100
a-o
f-a
92%
1st & ref mtge 3%s
1st mtge 3y2s„
guaranteed
1st mtge 3s_„
100%
103%
103%
1051/4
J-J
103% 103%
1
103%
105%
A-O
106
11
104%
106%
Guaranteed stpd
1st
f-a
92
,
91%
•
'
42%
600
14%
68
72%
95'/4
95%
335
72%
.89%
25
91%
88%
m-s
f-a
*106%
y'h
,/v-
,
.
Coast
Ref
951/4
107
107
108%"
1111/4
113%
104%
•
V;
106
';'X
100% 101%'
'■
102
2
«■»—
106
i-c
96
86%
64%
79%
'
''
16
•
•
ref
&
fix
F L
112
96
100% iooy2
113% 114
15
113%
,
ref
124% 125
3
123%
126
'v
'■
—1952
1071/4
j-j
1953
100
*107% *107%
■
—
j-j
i 1041/2
6
104i/a
.107%
9
,104%
a-o
B—
a-o
N
&
Ref &
N
Y
;
.
93%
*91
a-b
99
99
100%
107%
53
347
901/2
94%
•430
2013
a-o
96i/4
95%
99%
157
Cent
&
Hud
River
3 lis
1997
Vis
j-j
94%;
106
105% 106%
100
•'«..»■
1011/4
99
1001%
.
.22
,
-82%
781%
87
'94%.
94%
,99%
107%
108%
1241/4
128%
68
118%
124%
B———1968
J-D
134
133% 134
10
126%
134
A-O
124%
124% 1261/4
92
118%
1261/4
J-J
125%
125% 126%
75
118%
126%
A-O
105%
105% 106
50
103%
106
106
105% 106 V8
138
102%
106 Vs
107%
107% 107%
11
107%
10 91/4
89
911/4
30
78%
911/4
63
65
17
491/4
70
1975
1965
a-o
Dock
1951
f-a
1st lien
For
&
3Vis series D
ref
3 Vis
i
series E_
footnotes see
page
1261/4 126%
F-A
1981
Gen
deb
41/4S series E_-—
1984
31/4S-——.—-——1952
mtge 3V8S ser
F-i.—-———1985
.
J-J
;
M-S
1965
1966
■
100% 107%
97%
Apr
1980
M-S
Marquette Ry 3%s ser D
5s
B—i.
series
—1974
2%S—-r-r-——t—-1967
1974
i Philadelphia
fix Reading Coal—
AGen mtge 6s income——Apr 1964
Philip Morris Ltd deb 3s——-1962
,3s debentures -—.———1963
$5 A Philippine.. Ry 1st s i 4s—;—1937
.1st &
ref M
and
ref 2%a
ACertificates
of
deposit-
Gen
mtge 3%s ser E———1975
3y2S-1964
1950
—1950,
88%
17
82%
95
Pitts fix W Va
86%
11
81V4
91
,1959
1960
Pitts Young fix Ash .1st 4a ser A^-,-1948
1 st gen 5s series B_„
—1962
1st gen 5s series C.
——1974
1st 41/2S series D—
_J9?7
uPittston Co 51/2 inc deb
1964
Pitts Steel
1st
1st
mtge
4%s
mtge 4V'«?s series B
J-D
105%
106%
13
1061/4
109
11
100%
104%
104
IO71/2
105
a-o
a-o
227
—
106%
105
106% 106%
1
9
1061/2
109
-
100%
r
1041/4
J-J
99
100%
52
105
106 Vi
138
128%
131%
__
M-N
275
41
105%
3
102%
1041/4
103%
13
101%
1041/4 S
102% 102%
103%
107% 107%
103% 103%
107%
J-D
M-N
rl04V4 106
*131'A
J-J
107%
60
13ly8
100% 100%
*137
F-A
40
101%
10 41/a
203
203%
290
104%
104%
106
107
103
272
*105%
M-N
290
__
1061/4 107
M-S
**7
30
36
29
J-J
15%
29%
15%
*102% 102%
IOII/4
*29
1st 41/2S series A—1958
F-A
IO81/4
-
i30
27
103%
h
'
■
101%
1131/4
113%
-F-A
107
113 V4
—
102
106%
*101V4
M-N
114%
1
f
,
J-D
*113
M-N
*116%
F-A
*114
114
F-A
*126
123
126'A i
MtN
*127
124%
124%
4
128%
134
17
129%
136
105
107%
1041/4
J-D
133
133%
A-O
134
135
A-O
107% 107%
M-N.
103%
103% 103%
J-D
*104
105
105
1
J-D
A-O
97%
101%
104
1061/4
103%
106%
971/8
•98
15
84%
98
24
84%
96%
98
43
84%
106
*106
J-D
*
19
97%
97%
A-O
114
~1
106
J-D
mtge 4%s series B
1st
IO41/4 104%
.
1061/4
*106
F-A
'
;—
2%s debs——1964
^Pittsburgh Cine Chi ,8s St .Louis—
Series p- 4s guaranteed
1945-Series E 3%s gtd :gold--^—w_^,-1949
Serijs F 4s guaranteed gold,
-1953
Series G 4s guaranteed——1957
Series H cqns guaranteed 4s_—1960
Series I .cons 4VaS
1963
Series J cons guaranteed 4%s—1964
Gen mtge 5s series A
_1970
Gen mtge 5s series B—
,,-1975
Pittsb Coke&Chem 1st ,mtge
105
107% 107%
'
104%
89
A-O
—___Apr 1990
fix Pekin Union Ry 5y2s„r._1974
4s—
921/a
106
j-j
Connecting RR 3 Vis A„,
Y
1081/4 1081/4
M-N
.
1st mtge 4%s series C
Y
Y Edison
series
88%
86%
N
N
5s
92
92
gold 4s
J-J
#
94
88%
N
1st
l087/s
83
94
New York
Ref
107%
2
f-a
Chicago fix Rt T.nuis—
mtge 3%s series D—
108% 108%
97
f-a
—
108%
87
1998
registered-
107%
M-N
1
—.—1998
1898
registered
108 Vi
41
f-a
w
94
107 %
106 %
IO61/4
951/4
,f-a
—
105%
18
39
103% 103%
j-j
1998
Mich Cent coll gold;3Vis—
3Vis
92%
921%
,1997
registered
106% 107
10
106% 107%
1061% 106%
Phillips Petroleum
•
90%
3Vis
83
--
fjy
—
97%
93
•831/4
41
a-o
series C
•
96
95
—'
——
-1998
impt ,4V^rsseries A——2013
5s
_J-
106%,
deb-^-!—1952
Phila Bait & Wash 1st gold 4s—
.
:
...
98%
80
■
100
*100
•;
f-a
impt
108%
..
106 V*.
gold 4%s series C_
1977
Philadelphia Co coll tr 41/48—1961
Phila .Electric 1st & ref 2%s
197,1
108
81
5.
•
97%
*_*_
j-j
1001/4
1081/4
*108
J-J
F-A
General
106%
77
-
80
22
93 15
"02 %
f-a
105%
122% 124
General
'
95%
93
—.
Lake Shore coll gold 3Vis_
3
94% ,66
94%
94%
94%
f-A
'
Y Central RR 4s series A
'Ref
81
77
—
95
109%
1061/4 106 lA
F-A
D__—
Phelps Dodge conv 3V2s
86
70
.80
2
•
'
deposit-,——
1948
19
49
83
'
'
'
deposit-.
80%
82
'
110% 110%
122%
1st
jfNew Orleans Texas & Mexico Ry—
§ANon-cum inc 5s series A
1935
A Certificates
of deposit
107
M-N
sinking fund 4%
AIncome
100%
10
107,
107
J-D
Pere
108 y2
1071/4 107 Va
105% 106
j-j
110%
—1974
ser
gold 4s——
—1948
sterl stpd dollar——May 11948
Peoria
■
107%
*108
f-a
m-s
109
1081/4
Light 31/2S———1969
3%s
Peoples Gas L fix C ref 5s————-1947
Peoria 81 Eastern 4s ext.
-——-I960
ii5y4
1974
1983
105%
1
1021/4
114
1st 4s——1986
106%
1
J-D
1952
1981
1968
B
debentures
Conv
.104%
95
100%
•
—;
General 41/4S sex'ies D—
112%
17
„
j-j
•„y——
106
110
J-J
Ccnso!
'*■
j-d
.
——1966
4%s—1955
3s B
series
4%s
Power fix
41/2S
4s
1
10
m-n
108% 108%
Pennsylvania RR—-
Vi
;
:
103 %
103
■
105% 105%
J-D
1071/4
108
111
Gen mtge
108
*112
■■
110
'
106
j-j
106%
1071%
104%
105%
,2:Y:.
105
j-d
106
1061/4
105%
105
114
A
105
1948
42
103%
Cons
101%
.-1945
1945
New England Tel & Tel 5s A
1952
1st gtd 4 Vis series B——1961
106%
112%
109%
.
5
106
*103% 104%
110
1051/2 105%
11
106%. 106%
106
1960
General 4y2s, series 'A——-—1965
106
1091%
*107
108%
*112%
•
103%
105%;
102%
106
M-S
'Penna
107%
i-'
28
A-O
mtge 3y»s series C„.
1st
691/4
■
107%
107
106% 107
J-D
J-D
Pennsylvania Glass Sand 3y2S—-I960
77
156
m-s
series J
Pennsylvania Co-r
K
Gtd 4s series E trust ctfs
103
58
;
m-n
IO71/2
M-N
101%
62%
*__
m-n
a-o
J-D
ref M 3s series M
1st
*103
j-p
,
I—
Pennsylvania Ohio fix Detroit RR—
IOI1/2
/'
101
1021/4 1021/4
j-D
1966
1970
Co—
1960
106%
18
IO61/4
Faterson fix Passaic G 81 E cons 5s_1949
*
j-d
■
1848
gold 5s
Electric
&
Paducah & 111 1st s f gold
106
3
108
*111% 111%
a-o
j-j
1st
Co
Gas
Pacific Tel fix Tel 3 yjs
.
91%
79%
/
108
108
a-o
cons
& ref mtge 3yas series
1st &
431/4
""951/4
1081/4
of
100%
102%
1979
38%
92
1031/4
^Newport fix Cincinnati Bridge Co—
General gtd 4Vis-
106 %
IOO1/4
100%
series B—1966
39
a-o
22
,ACertificates
30%
103%
30
1
J-D
106% 107 y8
1950
20%
18
23
271%
5
951/4
1061/2
series D—
84
1001/4 100%
25
72%
:
j-d
ACprtificates of deposit
Alst 5Vis series A—.——1954
100'A
103% 103%
95
91%
-
1978
A 1st .4Vis
A-O
1021/2 102'/a
Pacific
Prod 3Vis debs
—..I960
Nat Distillers Prod 3 Vis debs——1949
deposit
110
105% 105%
271/4
M-S
1974
—1975
J_.
951%
:/■ 91 %x
m-n
Dairy
of
103%
1071%
100% 100%
104%
ACertificates
107
102
107% 107%
J-J
'Pacific
96%
1956
llOVi
104%
J-D
89%
112
41
C
110
931/4
98
103i/4 103%
series
110%
93%
49
V 88
1031/4
5s
99%
53
/',
89%
89%
F-A
■
f-a
Alst
304
1091/4 110%
*103
■
J-D
N
of
108
Electric 2%s_—1975
;
ACertificates
87
1041/a 104%
J-J
^-1948
4s
2%s__
mtge.
General
1954
390
fit Nav con gold 4s—r_1948
Line 1st cons gold 5s__^.1946
*
series
:
M-S
1st 81 ref mtge .3s
79
5s
F-A
v
1st & ref M 3s series K——1971
1st & ref M 3s series L-.
1974
75
Alst
71
1061/4 108
F-A
59%
75%
>
1967
1974
,—1964
95
m-n
New Orleans Term 1st gtd 4s.
13
Co—
951/4
m-n
series A
1st ref & imp 4y2s
178
89%
110
73
m-n
O fix N E
89%
84%
110 V4
72%
—-——1955
Constr M 4Vi* series B—
1955
Mountain States f & T 3 Vis—-—1968
Mutual Fuel Gas 1st gtd 5a
1947
»N
1141/4
72%
88
108
33
86 %
P & L 1st mtge 3s
New Orleans Great Nor 6s A-
119%
106%
108
201
82
Jersey
108%
5
108
832
82
J Junction RR gtd
128
106
108
.550'
2
New
124
119%
119
110
951/4
173
N
88
59'/4
77
gtd 5s
Q-F
95
102
JANew England RR
A Consol gtd 4s-
136
U4V4 1141/4
*1271/2
Q-A
91%
■
72%
tANaugatuck RR 1st gold 4s_.
136%
Gas &
'
74
Newark Consol Gas cons 5s—.
75
133%
136
J-J
Power
102
47
146
2
J-J
States
89%
3
74%
69
119
53%
••'■: 54
;
j-d
1965'
—1954
108%
*136
Q-J
Q-J
91%
921/4
;
m-s
m-s
1951
3s—
109%
107
J-J
series
44
25%
687
108
1351/4 136
M-S
■
98
110
106
108
IOII/2 102 '
701/4
M-S
Jan 2047
~5
107%
A-O
:
.'
44
108
J-J
v
',
106
38%
39
J-J
29%
93%
93%
83
95
'
.
m-n
mtge
42
11%
34
29%
28%
F-4
5s^.-_——1946
-Oregon-Washington RR 3s ser A—1960
106
771/4
235
—
1st
80
26
*40
Oklahoma
71
Morrell (John) & Co 3s debs
—1958
Morris & Essex 1st gtd 3 Vis——2000
Steel
1071/4
52i%
2047
Edison
1st
:
120
98
207
j-d
gold 4s—1991
Monongahela Ry 3Vis series B——1966
.Monongahela W Penn Pub Serv—
1st mtge 4 Vis—
———1960
6s debentures——
-—--1965
Montana Power 1st & ref 3%s
.1966
National
108
1051/4
O
91%
971/2
—
j-j
D
fix St L 4s series A
106
14
—2047
2047
Ore Short
Moh'k & Malone 1st gtd
Nat
3
10
79
781%
F-A
1997
1997
89
Oregon RR
j-b
—,—1979
ref 5s series F———1977
ref 5s series G——1978
Nash Chatt
74%
105% 105%
"105%
J-J
1998
2014
mtge 2%s
Alst
1161/2
104%
13
87
tOgdensburg & Lake Champlaln Ry—
111%
75
10
107
1
a-o
101%
D___,
(Wise)
.»
105
107%
•
17»/2
101»%
1061/4 106%
M-N
.1963
107
98%
"
-Lw
».
•
4%
46
85
"85
A-O
102
105%
53
•
197
108
(Minn)
102
395
16
101% 101%
J-J
Northern
__
301/4
171/4
281/4
13
;
M-S
impt 6s series B
fit
5
24
108%
26%
.
13
J-D
.
impt 5s series C
Ref
•
St
105%
•'
27
--■M-S
A
Impt 4%s
Ref
104
—.L.
•
105
23%
m-n
L-—•'
—
101% 101%
m-s
j-j
~—
•
81%
1071/4
1
108
108
108
M-N
—1974
A—i„ 1974
impt 5s series
■
j-j
5s
45%
61
5s
series
801/4
35
87
,
105
■
i'
■
■j-j
M
93%
25
326
2047
—2047
Panhandle East
Constr
84%
1,208
81%
registeredGen lien ry fit Id gold 3s
3s registered
;
101%
86
'
f-a
41/2s„1939
1939
5s ext
106
45%
75 %
A-O
fit ref
gen
100 1/8
*60
1962
Tramways
88'/a
40%
75%
1st gold 4s_1996
Ry
4
*105% 106%
m-n
gold 5 Vis———1949
fix ref gold 5s series H——1980
fix ref 5s series I
—1981
Montreal
87%
41%
A
series
fit Western
821/4
86
a-o
AConv
Alst
4Vis
mtge
Gen
-
Alst
88
M-N
J-D
AGen mtge 5s conv inc
100 i/b 101%
a-o
.^Missouri Pacific RR Co—
A 1st & ref 5s series A—,«—_—1963
Alst fix
A-O
1927—1967
4s
*92
—:1978
adjust 5s series A—Jan 1967
.Alst &
821%
—1940 '
I
Northern Pacific Ry prior lien 4s
fix Sault Ste Marie—
4s—
631/4
82V2
M-S
68%
m-n
1971
—1991
,Mo Kansas & Texas 1st 4s—,——1990
^issouri-Kansas-Texas RR—
AGeneral
74%
372
7534
A-O
:
m-n
inc ser A
AGen mtge 4s inc ser A
ACum
56'/a
Niag Lock & Ont Pow 1st 5s A—,1955
Norfolk Southern Ry Co—
30
80%
m-s
3V2S-——1951
5s series A
34
761%,
1st 3 V2s
8PA
80'/a
j-d
4Vis
Prior lien
74%
.
Niagara Fails Power 3»/2s———1966
M
j-d
ser
40-year 4s series B
Prior lien 4Vis series
77
73.1/4
-__-_1955
'
m-n
3Vis———
—1952
4Vis series C
-1979
Michigan Cons Gas 1st mtge 3Vis_1969
t§ A Midland of N J 1st ext 5s
1940
mge
57
106
a-o
gold
A 1st
57%
122
J-J
107
Ref & impt
Minn St Paul
135
77
N Y Telephone 3'/4s series B—-1967
:t§AN Y West fit Bost 1st 4%s—1946
105%
AgConsol ext 4Vis
77
73%
*96% 102
11
t§AMilw fix Northern 1st ext
72%
73%
M-N
107%
105% 107
;105%,
Micuigan Central-
fix Sag
72%
J-J
M-S
A-O
^
1st
131
"
119%
119
120
*119
F-A
A
1960
1st mtge & coll 4s ser B_.
1954
Manati sugar 4s sink fund—Feb 11957
A Manila Eley RR & Lt s f 5s__.——1953
AManila RR (Southern Lines) 4s
1959
McCrory Stores deb 3V*————.1955
Metropolitan Edison 1st mtge 2%s-1974
Metrop Wat Sew & Drain 5Vis—1950
t§AMet West Side El (Chic) 4s—1938
Jack Lans
77
75
t§AN Y SUsq & W 1st ref 5s;.--—-1937
§A2d gold 41/2S
—1937
SAGeneral gold 5s
1940
ATerminal 1st gold 5s
__1943
105%.
4'/2S
RR
Central
75
74%
72%
M-N
Light 1st mtge 2%s_1975
1st cons gtd 4s_—1993
N Y Steam Corp
-
>•.
Maine
74%
56%
72%
J-J
Y fit Putnam
103
Div 4s
gold 3s
Mob fix Montg 1st gold 4»/2s
Atl Knox fie Cine Div 4s—
56
72%
A-O
N Y Queeps El Lt.fit Pow 3%S——1965
107
12
107%il07x/4..
"
N
26
Louis Div 2d
76 %
15
M-S
•
107
58%
72%
•
103% 104 y4
Paducah ■& Mem
St
1;
A—196S
1960
ext—
91%
50
761/2
73%
J-J
4s_-_-
N ,Y .Powex-.A:
J-J
4s series B
-
-
—
series F——2003
M 3%s
ref
&
841% 100
25
98
*103'/4 105
M-N
1957
AGeneral
•
121
106%
M-S
fix
Unil mtge
*
96
96%
M-N
M-S
—1954
t AN Y Qnfr fit West ref gold 4S1992
132%
1191%
M-S
—_——1963
Nashville RR—
1st & ref 3%s series E
J-J
'
110% A141/2
3
1958
4s
1st.,4s,
"I
—
116%
115
113% 114
t A Harlem River & Port Chester—
105%105%/
Ark 1st 5s series
Louisville Gas & Elec 3V2S
1st
-
*115%
M-N
Long
Louisiana &
108%
*116
*105
—1948
& ref 4%s series of
Alst
93%
1271%
Liggett & Myers Tobacco 5s_———1951
.Litie Miami gen 4s series A—
1962
Island unified 4s__.„——,-1949
[Guaranteed ref gold 4s—
1949
,4s
stamped-.,———
-1949
Lorillard (P) Co deb 5s
1951
110%
J-J
3y2s
certificates
Debenture
A Debenture
76%
55%
30
*132Vi':—
1st 50-yr 5s
113%
109
1956
AConv deb 6s
§ACollateral trust 6s
66y2
:154
'
■
,
A-O
Louisville
A
112
2
'
66
—
debentures
4s
71%
364
stamped, modified-,-,,.—„_2003
4%s .registered
—2003
5s stamped modified—*—...
-2003
3s
4s.
deb
64%
50
.18
70 Vi
59%
.4'/gs
& Eastern
deb
69%
45 Vi
60 Vi
65 %
■M-N
Lex
3%s
06 Vi
2
109'/2
•
•
1947
—^-1954
-1955
3y2s——
ANon-conv
-•
deb
deb
91
47
69 Vi
58%'
64 y2
%M-N
,
High
112
109
4s—-—.-1947
ANon-conv
80%
,69
deb
ANon-conv
95
Low
112
J-J
Lack fit West 4s series A——1973 t
ANon-conv
•
74
63%
—..2003
2003
Lehigh Valley
95ya
90
70
Range Since
January 1
Sold
No.
High
M-N
—2043
——-—2043
,*
—1973
JN Y New Haven & Hartford RR—
,
registered-—
4s
.
Vi
22
•
Y
A N on-con v
li
—
Bonds
Friday's
F-A
.
-
4%s series B—
93
89%
87%
-
1974
—j,_
Val Harbor Term
Leh
92"
.
88
;
——1974
fund 5s
stamped
5s
9414
1964
stamped
5s
1st
^95%'—
94>/4
95%
F- A
gold 3Vis
Harlem
fix
Mtge 4s series A
Mtge 4s series B__
.
l
or
Bid & Asked
J-D
1948
—1949
2000
fit Pow gold 5s
N Y Gas El Lt H
r
100
Sale Price
Low
ffiah
4
■
99%
99%
Last
Period
106 Vi
104
20
105% 105%
105%
M-S
Lehigh fix New Eng RR 4s
LfSw
No.
106'A
106
104%
104%
Hiah
Low
/'
J-J
Sold
Bid & Asked
Week's Rang*
Interest
Exchange
New York Stock
Range Since
January 1
Bonds
Friday's
or
Friday
BONDS
Week's Range
Friday
BONDS
New "York
-
1991/2?
99%
'
99%
106
*125
F-A
J-D
*120
J-D
*117
J-J
100
100
100
11
94%
101%''
THE COMMERCIAL & FINANCIAL CHRONICLE
32
Monday, July 2, 1945
NEW YORK BOND RECORD
RANGE
Friday
BONDS
Stock
Exchange
Last
Sale Price
Gen
Potomac
El
Elec
1st
Pwr
M
Terminal
&
1st
&
ref
mtge
&
ref
ni3
1957
M-N
4s__—__—1956
1972
>2037
-2037
mtge 8s
5s—
38%
Stand Gil
107 %
108%
Standard Oil N
101
103%
Sunray
25
43'/4
*100%
"y M-N
103%
110
107%
108 %
„
;•
157'
155
157
245
224%
*—i o o £
9
Ref
101%
RR
Assn
refund
&
&
*105 '/a 106
f
s
of St
imp M
1953
A-O
Remington
Rand deb 3%s—T;
J-J
*107
Rensselaer
&
12
Company
&
107%
111%
107%
M-N
Elec
&
Gas
110
24
—
109
A-O
104%
110
110%
5
106%
107%
129
2
126
129
1950
F-A
107% 108
20
105
109%
107%
3s deb
1959
104 y4
104 % 105 %
.29
104%
107 %
1965
M-N
106%
106% 106%
5
106 VB
108 Va
1st
Pacific
2000
J-D
146%
146
146 y4
250
130
146%
105%
gold 5s
A-O
75%
M-S
105%
series
B
1977
A-O
series
C
1979
A-O
&
ref
series D
1980
J-D
Orl 3%s__1974
J-D
Pac
Tenn RR
Ave
AAdj
79%
68%
87
M-S
*110
mtge 3Vis series I
1967
Gen
mtge
—
.1969
109% 109%
76
27
73
J-J
1949
tARut-Canadian 4s stpd
tSARutland RR 4"As stamped—- 1941
J-J
27%
■
v
27%
1996
Adir 1st gold 5s
&
Lawr
M-N
stpd
JGt Louis San Francisco Ry
1955
J-J
Zy/.V
V
ser
A——
1950
J-J
of
deposit
lien
A Prior
4s
Certificates
A
lien 5s series
A Prior
of
Certificates
A
M-N
A-O
1959
99%
1st
y
5
92%
62%
68
2,362
48%
land
48
66%
11
66
71 y2
624
51
7
51
51
2,065
50 y4
y/
1990
87%.
11
;
95%
F- A
59
69
M-S
228
62
*105%
*131%
A-O
40%
1st
107
104
107
107
•XX.: 1
"y
"12
13
107
106%
107
■
r,8
102% 103
•
109%
104%
y
5 '
107% 107%
•
103
F-A
*114%
*117%
1st gold 5s—1949
M-S
107%
98%
*103% 106 y2
1st gtd 5s
2003
>
J-J
1958
ser B
inc series A
mtge inc 4%s series B
mtge 3'/4s ser B
A-O
1995
Co
1st
mtge
M-S
120
52%
1941
109 ya
120
RR
ref gta
1st
A-O
1955
M-S
103
70
74
69
74%
54
74%
74%
53%
Western
Union
4
41
52%
J-J
102%
102% 102%
F-A
74%
F-A
A-O
1979
}/•'■:■; 4
101J/2
1968
M-S
Gold 4'/as—
1969
M-N
1981
M-N
1950
A-O
5'
101 %
109
105%
106
101%
103%
19
105%
107%
126
108%
108
110 v*
108% 108%
■
—..:
9
.
107%
104
92%
108% 111
237
85%
85
240
84
105
99
98% 101%
99
93% 101 %
103%
105% 106
105%
105% 105%
Bo
105
107 %
20
107% 108 Vb
106 Va
108%
92%
;.z
107
106% 107
■/■
107
107
M-N
J-J
J-J
.
M-N'.'
.
1941
111
y
85%
33
74%
85'A
109%
110%
106
1968
'■
yy.
79
79
92%
19
38%
33
109
95
?
20
35%
106
108%
109
110 Va
104%
106%
X
107%'
*106
105 %
117 %
165
34%
*31
—:
A-O
J-J
106%
104
129
92%
32
89%
117%
d87%
32
104%
5
__
95
■;
»__
16
105
d87%
Public Service 3'/48_——1971
Xx-2'Zv
106%
d87%
M-N
103 %
84%
d87%
■
108%
101%
Z'
'
108%
108
78%
*117%
'
■
-•;*V
,
105%
S3
105
.
106%
.105
89 Va
110 Va 110 Va
106%
y
.
1930
Elec Power 3%s
*102% 103%
HOV'a
•
'8
16
37
107%
88
,84%
J-J
Wisconsin
v
88
J-J
deposit
/
.,
A-O
103%
8
216
100
110%
357
M-S yx
101%
105%
■■..100%
117%
107%
107 Va
109
5
101%
383
102
117
15
106% 107
J-D
I960
4s
jASu & Du div & term 1st 4s
A Certificates
of deposit-
105%
x'i
107% 107%
109%
Wisconsin
104%
J-J
1955
of
73%
101%
5;X
105%
106 %
May
106%
103%
60
6
yXX
A-O
1950
1951
1960
1951
2361
Central 1st 4s
ACertificates
303%
92%
101%
102%
105%
J-J
M-S
130
103%
U
5
107'A 107%
M-S
JAWisconsin
100
*106% 107
1949
1st
8
__
102
102
100
Co—
Erie RR 4s_
B
:
*116% 118
-2361
Winston-Salem S
99%
73%
J-D
Wheeling Steel 3V4 series C——1970
Wilson & Co 1st mortgage 3s
1958
80
102
J-J
A—2014
.
Lake
Wbeei'ne
102%
66
ser
Registered
103
72%
*103%
J-D
■
84%
103% 103 Va
'
■
90
76
92%
1952
inc
Telegraph
5Si.
"■ ■'?
29
61
99%
1977
1st 4s
series A
4 y2s
Westinghouse El & Mfg 2%s»
1st 4s guaranteed
/
107
Youngstown
98
X
104%
;
„
.
|| Y
"x
Sheet & Tube—
mtge s f 3y4s series D
1st
RR 1st ref gtd 4s
123
79
101% 101%
100% 101%
160%
F-A
195U
West Shore
5
103% 103%
M-S
•Gold 4%s
■•■":-■
1
.
*130
J-J
1977
101
100
101%
105% 106
Pacific Co—
1st 4s
16
':■■■
30-year
29% Y1 49
26
% 80
80 XX;;
101% 101%
A-O
4'/aS
115
104 Va
118
10
122
91 Vb
91%
101 %
F-A
1966
series I
Funding Si real estate 4%s
25-year gold 5s
74
53 Vb
102% 102%
-1962
(Oregon Lines) A
46
102%
5'As
ref
Pacific
116
t
&
54%
39%
177
1st
Western
78%
v:
J-J
debentures
109%
103 »/2
105'/a 106
Q-M
..1967
3'As
Power 3%s
Maryland
Western
52%
39%
7 60
54%
70%
39%
5
J-Ji
-1950
1964
1963
3%s
112%
99%
Apr
F-A /X:
gold 3'As—2000
5s stpd gta
Ltg
mtge
Penn
West
119%
86%
5:.
Westchester
Gen
24
53
73%
{§ ASilesian-Am Corp coll tr 7s
Oil 3s debentures
Soeony-Vacuum Oil 3s debs
Seurh & Nor Ala RR gtd 5s
105%
'Apr
1948
Washington Terminal 2%s ser A—1970
111%
86
13
69
1935
-1954
1961
Skelly
109%
—
108% 108%
M-N
_xyi>n
4s
3%s
Petroleum
Warren
87%
119% 119%
52% 52%
52%
52%
Oil 2'As debs—
2%s sinking fund debentures
A ctfs
—
122
1981
1991
1971
4s
mtge
Walworth
133
81
Union
Pac
105%
; 104
M-N
5s
cons
Gen
106
125
120
A-O
F-A
8outh
38
105% 106
32
W
62
102%
M-S
Term
105
1957
Coke
Coal &
& Southwest
1st
105'A
130 '/a
35
__
*110
1933
Fran
103
1958
series A
95 Va
89 V8
*>_
A-O
(Chemical Bank)—
series A
1945
f§AAtl & Birm 1st gtd 4s
ACertificates of deposit
San
105%
34
20%
103%
104% 104%
107
M-S
-
103 VB
105% 105%
.
104%
A-O
—1959
100 Va
104 %
—
104% 105
M-N
(Chemical Bank)—
Gold
.'v
J-D
—1955
f 4s series B
Iron
Gen
59
A-O
(Guaranty Trust)—
1st 4'/as
/
V
r
2
50
103
■■103
105%
A-O
M-N
110
30 !
103% 103 Vi"
Wabash RR Co—
53
of
3s
113%
•28%
97%
72
72
X 79..'y
100 %
96
—-
of dep
Southern
no
110
116%
*112
dep
Tel & Tel
RR cons g 4s
s
Va
50%
37%
108
6
97
92 y4
—
96
J-D
1950
ACtfs
Bell
106%
;"'Z.
—
j-j
1980
debs
•-■
Z:z;
-1971
Washington Central Ry 1st 4s
ACtfs
South
-1947
Pictures 3%s
Va
51
,37%
23
115% 116
97
J-J
J-J
1959
JAStaboard All Fla 6s
103
xv-'V
-1970
Biscuit 3V2s debs
Cons
70
47%
116
J-J
1952
5 A Refunding 4s
ACtfs of dep (N Y Trust)
Shell
•j-j
RR—
grant 4s
deb
3'As
35-year 3'/as deb_>
Ref mtge 3%s series A
Vandalia
71%
70
47
47%
47%
195b
dep
1967
Virginian Ry 3s
unifying 5s
6s
101%
105%
68
66%
68
M-N
1989
Nov 1989
§ A4s gold stamped——
A Certificate of
deposit
cons
106 %
99
64%
M-S
series A
{Seaboard Air Line Ry—§ A 1st gold 4s unstamped
ACertificates of deposit
.
105
103'/2
98
5s
Calif 3s deb
Pacific
&
Warreu
A 1st
Corp 3%
debentures
104%
66%
Duluth 1st cons gold 4s_1968
J§ASt P & K C Sh L gtd 4%s
1941
St Paul Union Depot 3yes B
1971
Schenley Distillers 4s 8 f deb
1952
Scioto V & N E 1st gtd 4s
1989
of
of
Universal
3
98
j-J
1950
B—.
St Paul &
A Ctfs
60 '/2
103 >
106 % 106 Va
F-A
Oil
34-year
94%
104
deposit
ref gold 5s series A
&
AGen
105 y4
V
jSt Louis-Southwestern Ry—
1st 4s bond certificates
A 2d 4s inc bond ctfs
J A 1st term &
94%
51
*101% 102 %
J-D
1945
90
62%
1978
ACertificates of deposit stpd——.
M 4l/2s
A Cons
gold 4s—1940
gold 5s
debs
1971
106%
79%
ACertiflcates of deoosit
St L Rocky Mt & P 5s
1st
1st
103%
85%
396
M-S
103%
loi
101
Elec
*104
F-A
Union
99%
stamped
4s
J-D
1960
United
1933
§ A 1st
ref & impt 3%s__1960
69
106
U
~2
94%
56%
Union Electric Co of Mo 3%s
81
94%
88
52%
30
104%
'
v
*87
A-O
gold 6s
1998
JGt Louis Iron Mountain & SouthernRiver & Gulf Division
2d
5
■
■
>>.
85%
5?%
1949
Union
*103'/4
J-J
&
103
85%
A-O
27
17%
103%
106% 106%
J-J
99%
*103%
J-J
Buff
&
Tri-Continental
3s
A-O
105%
40
75%
-
XL6
~
Z ;
Baguenay Pwr Ltd 1st M 4%s_»—1968
St Jos U Grand Island 1st 4s
1947
105%
100
109%
51
2 y.:
Gas
i960
J§AUnlon Elev Ry (Chic)
110
v
134
29%
Ham
108%
108%
"2
75 %
27
M-S
72%
M-S
1934
3'As series J
Ark & Louis 1st 4%s
110
108%
-_
100%
28
105% 106
105%
23
Jan 1960
5s
Tol & Ohio Cent
—
—
of New
Ry 1st ref 4s
income
Trenton
M-S
Bt
5s
105% 105%
105% 105%-
Pacific-Missouri—
Third
110
98'/a
20
78 %
*125%
1967
1977
mtge 4%s series D
t§AR I
5s
ref 5s
Toronto
mtge 3%s series H.
Gen
ref
Gen
Corp—
Gen
Gen
112
2
107% 107%
129
&
108
103%
107% 107%
*103%
J-J
111% 111%
J-J
&
Texas
i960
106
J-J
Gen
107%
106%
Saratoga RR Co—
due. .1975
Rochester
107%
102%
—
-106% 106%
.1956
for 1945)
106%
104%
104% 104%
J-J
Gen
.1951
(4.7%
105
2019
4s ser C
debentures
Texas
Reading Co Jersey Cent coll 4s
mtge
106%
Louis—
gold 4s
impt mtge 3%s series B—1974
Tfcxarkana & Ft Smith 5%s A
3s
Gen
107%
M-N
Texas
J§ARio Grande West 1st gold 4s_. 1939
1949
A 1st cons & coll trust 4s A
105 y2
105%
105%
'
R
Revere Copper & Brass 3%s_.
103
230 %
101% 101%
101%
103%
29
104% 104%
*106
106%
104%
—1961
Gen
J-J
60
J-J
J-D
Swift & Co 2%s
Ref
1964
.■■104% 105
J-D
103%
M-N
debs
January 1
Low
High
50
1959
—1956
Terminal
Quaker Oats 25/as deb———
—1961
—.
debs
Range Since
Sold
P°-
103% 104
1953
3%
Corp
F-A
,
Uiah,
108 %
157
245
—
J-D
Oil
Bonds
Friday's
110'/a
*108
J-J
Jjifdeb 3s_.
1966
Superior Oil 3V2s debs
103'/a
*110 y4110%
J-J
of Calif 2%s debs_.
debenture^—
2%s
103
or
Bid & Asked
Low
104
102 %
2
43%
Last
Sale Price
High
36
—
38
'
Low
No.
Week's Range
Interest
Period
7
—
*101%
JkT-S
mtge 3s_—
ret
1st
1st
107 %
—
J-J
Public Service El & Gas 3Vis™-—1968
Uiah
Fridhy
Stock Exchange
York
New
Range Since
January 1
Sold
102% 102% i
107 % 1071/4
F-A
1977
.-1951
5s
JAProvxdence Securities 4s_„._
tAProvidence
J-J
3V4S—,—1966
mortgage 3'As—'—
1st
Pressed Steel Car deb
M-S
-I960
4%s
1st
BONDS
Bonds
Friday's
or
Bid & Asked
Low
Portland
JUNE 2<)
WEEK ENDING
Week's Range
Interest
Period
New York
FOR
M-N
1960
104% 105%
104%
,'Z 62
106%
'
J-J
Ry 1st cons gold 5s_;
Southern
Devel
&
gen
Devel
&
gen
6s
Devel & gen 6%s.._
Mem Div 1st gold 5s—>,
St Louls. Div
1st
A
ref
&
104 y2
A-O
series
131%
130
'
—w"'
——
123
46
104% 105%
156
.—>1956
A-O
____i996
121
—4-
J-J
J-J
3Vis B—^>1964
C—
117
■: ■-■''
not included
•
125
6
106
107%
109%
105
105%
24
105
107%
66%
10
57
66 %
66%
125
116%
n
in the year's range,
pound unit of bonds.
109%
ii;
X
Ex-lnterest.
e Odd-let sals not
Under-the-rule sale not Included la the year'e range,
r Cash eale
not
included
y
In the years
range.
Ex-coupon.
rThe price represented !e the dollar qaotatlo* per 188Accrued Interest payable at the exchange rate of $4.8484.
SNegotlabillty impaired by maturity.
122
108% 109%
66%
2
:
107% 107%
Apr
125
sale
Included in the year's range,
125
J-J
Spokane Internat 1st gold 4%s_>2013
•
delivery
117
107%
J-D
-1968
122
Deferred
131%
111
9
a
105%
95%
49
115% 116%
'
■
4s„—„_1951
1st gold
Bell Tel
3s
131%
A-O
1956
>1994
—
_
Southwestern
J-J
—1956
4s series A
•■•■
yy
{Companies reported as being in bankruptcy, receivership, or reorganized under teettos tT Of
bv such companies
y
y
,
♦Friday's bid and asked prices; no gales being transacted during current week.
ABonas selling fiat.
'■ y '/.-y''
!'
'• y;'
the Bankruptcy Act, or securities assumed
.
.
.
SB
gjgBggBgSfflSggg
Stl5
s
YORE CURB EXCHANGE
WEEKLY
NOTICE—Cash
in
footnote
a
In the
June
23,
and
in
deferred
delivery sales
week
the
which
in
they
No
occur.
following extensive list
and
disregarded
are
we
account
furnish
ending the present Friday
include every
security, whether stock
AND
®
T O C K 8
York
Curb
Friday
Excbaog*
Week's
29,
1945).
It is
ACF-Brill
Acme
Aero
wire
Class
.
Range
Shares
co
warrants
10
A
Mfg common
Associates Inc
Convertible
preferred
29
footnotes
see
4%
5
-
_
page
STOCKS—
Friday
York
Curb
Low
for Week
Range
of Prices
Exchange
Par
High
Sales
Week's
Last
Sale Price
New
Range Since January 1
High,
6%
29
7
1.5C0
2%
31
40
27%
Jan
32
Apr
Air-Way
Electric
Jan
22% May
Alabama
Great
4
Mav
1
14%
1_ZZZIZZZIl
Z
2
(N J)
common
ENDING JUNE 29
19
6%
common
J
Air Investors
For
Low
and.is intended to
during the current year.
for Week
of Prices
beginning on Saturday,
Shares
Range Since January
High
Low
Hiah
Low
1
„
'
B
A Ins worth
Air
Motors
Supply Mfg class
FOR WEEK
«aow*
y
compiled entirely from the daily reports of the Curb Exchange itfelf,
Sales
Last
gale Price
Par
week, and when eelling outside the regal** weekly range are
complete record of the transactions on the New York Curb Exchange for the week
a
(June
bond, in which any dealings have occurred
or
RECORD
the
RANGE
New
YEARLY
week's range unless they are the only transactions of the
is taken of such sales in computing the range for the year.
in
_
~Z
37.
10
Jan
7% May
4%
k.pno
*%
15%
3,800
9%
Jan
15%
Jun
12
12%
700
11%
Jun
13 %
Jan
4%
3,800
4%
Jun
-50c
Appliance
Southern——
Z 7%
—3
Mfg Corp
5%
—50
5%
8%
33,200
6%
2,700
131 %
7'A'-
30
Jun
Jan
6% May
Jan
131% May
118
118
50
115% May
107
130
8%.Jun
5%
3%
99%
130
107
20
106
6%
Feb
13%
Alreon
4
3%
2% Mar
36'/a May
37%
Apr
Alabama Power Co $7 preferred—
$6
preferred—
Alles & Fisher commonAllied
Intl Investing
*
$3 conv pfd_
43%
43%
50
41
Jan
Apr
Jan
y
118% Jun
107'A
10
48
Jan
Feb
Feb
•'*..
■*. .-'W.
•Volume
.\:V-/,
"ifr'£!*«..•.-V
-
■■.■■
•■•
4*'.!.*••■
•■ -
■ ■•-•
••
A-*.-*•• >
EXCHANGE
NEW YORK CURB
FOR WEEK ENDING
RANGE
East
Range
for Week
Sale Price
of Prices
Shares
Exchange
A
Class
10
—25
*
*
100
'
•
•
(Mich)—.
Products
Allied
common
conv
Co commcu
Altorfer Bros
Aluminum Co common
preferred
6«/o
Mfg—
Aluminum
Goods
Aluminum
Industries common
Aluminium
Ltd
common
preferred
6%
150
37
100
—
''.109% 109%
50
1,100
210
2,700
2%
46%
44%
6%
46%
44%
5%
47%
44%
Cyanamid Co common-—10
American & Foreign Power warrants—
American Fork & Hoe common
—•
American Gas & Electric
10
4%%
preferred
100
American General Corp common—10c
$2 convertible preferred
1
$2.50 convertible preferred
1
American Hard Rubber Co
25
39%
38%
40%
%
ft
19%
37
\h
20%
38
class
Convertible
A
Class
A
-
-
Class B
.
—
50'A
American
Laundry
Light & Trac
•
common
Co
Mfg
common
Maracalbo
Co—
American Meter Co
21%
35%
22%
22%
—
64
—
Paper
—
__
Aro
Equipment Corp
Oil
Refining
&
Jan
44 % Mar
a%
Jan
H Jun
17%
Jan
21% May
31
Jan
38
111%
Jan
10%
48
52
Jun
24%
Jan
Mar
18
32%
Jan
Jan
24%
9
5%
25%
Jan
100%
6%%
Jan
53'A
Jun
Canadian
10%
18
4%
Atlantic
Atlantic
■
Jan
v,
17%
8%
8%
6%
Drop Forge
Jan
common—
_
Voting Machine—
(BFi & Sons common
preferred
Automatic
6%
12%
21%
15
20%
Jan
7%
Jan
Central
Central
New
Jun
Central
Ohio
10 %
Feb
Central
Central
•
&
110% Feb
1,900
,
—
8%
82
3%
12
21%
9%
85%
4%
12%
24 %
15%
6%
Jan
30
1
7%
common
Steel
Barlow
42%
Feb
8'A
Jan
10
300
14%
Jan
19%
Feb
24
Jan
29
Jun
~8%
~8%
9%
8,500
10%
Feb
Gas
•
com
pfd
5%
119
100
pfd—100
14%
pfd
10
May
120
Apr
104%
Apr
107%
Jun
200
%
14%
12%
Jan
118
50c
1%
4%
5%
20%
24%
66%
63
70
24%
24 %
Jun
Jun
32
Mar
63
Jun
78
May
21%
500
Jun
30% Mar
20
Jun
30% Mar
60
20
Apr
5%
20%
540
21%
122%
H Apr
2,125
4%
14% May
Feb
21,000
24
—1
6%
Jan
118% May
0;
100
Utilities.
preferred
Light
West
Mar
60
1,300
.>
119
106% 106%
1
Products
7% Mar
77A
Jun
49%
40
10
9%
1%
Steel
&
Elec
&
Power
York
South
130
r
Apr
•
Corp
Cherry-Burrell
Chesebrough
20%
Mfg_
Jun
Chicago Flexible Shaft Co common.
38
37%
38%
Feb
Jun
11%
11%
12
Jun
Chicago Rivet & Mach.,
Chief Consolidated Mining
Jan
SChilds Co preferred
Jan
Apr
18%
10%
5%
,
Jan
15
Jan
26%
16% Mar
18 %
•'
vjan:^;
$6
May
37
22,900
15% Jun
100
40 %
Jun
43
10%
Jan
12% May
1,000
Apr
12%
10% Apr
39,200
200
5,300
4% Jun
Feb
3
Feb
common
1
1%
100
112%
Claude
131
Club
Coal
Cockshutt
Utensil
Co
Plow
18%
42%
42%
1%
Jan
Jan
Feb
24%
Jun
142
Jan
Jun
13%
135
Jun
Jun
87%
Jan
9
Jan
9%
Feb
19%
Jan
25%
Jun
1%
•
Jan
3 %
Apr
22%
Jun
.
~
8%
*
11%
1
.
/
Jan
Jun
35% Jan,;::
43
28%
100
46% Mar
Jan';:
:■
1,000
.
122% May
Jan
11
625
3%
Jan
:
11%
Jan
Jun
6%
Jun
"
/v
•
common
Feb
;
110% Mar
2,100
■
6
5%
i
•
Co
42%
42 %
•
14 %
117
7,700 ;
21%
40 %
4
5
4%
1
18%
6%
.
4%
2,500
Jun
6%
Feb
Jun
Jan
7%
Jun
34% Mar
41%
Apr
71
92%
24,600
8
7%
12,000
5%
6%
13%
Jan
20%
20%
17%
—...
Airlines
Colonial
2%
100
Jun-
4$ Jan
2,125
2%
Jun
16%
200
25%
ordinary
Development
Colon
9%
'2%
38%
85
1,300
...1
Corp—
Aluminum
11%
23%
Jun
Feb
11%
180
23%
127%
34%
200
...1
Co
Clayton & Lambert Mfg
Cleveland Electric Illuminating
Clinchfield
13%
132%"
9%
..10
Lights Inc
Neon
139
134
Apr
Jan
14,200 '
10%
Homes
112
275
Auto Stamping
Controller
21
21,300
1,800
13%
& Suburban
Jan
23%
132%
City
•
1% '
3
20%
135
—
preferred BB
City
16%
112% 118'A
21
preferred B
60c
*
—1
..10
preferred
$6
May
Jun
Service
Cities
7% May
Jan
10%
23
,.
Jun
150
"■
325
4%
12
Jun
13
1,200
85%
IIV*
15
Jan
50
Jan
;.;, M 12%
24 %
Feb
127% 127%
.25
Jan
8%
10%
12%
20%
—5
common
5%
100
50
14
12%
4% Mar
16,700
"
14
12%
Jan
Jan
191/4
common
Feb
5%
4%
4%
.10
10%
': 19 %
6'A
23
—5
29% Jan
4%
common
Chamberlin Co of America
11%
<
ser
2%
4,600
3%
4%
Apr
200
9
58 %
—'
1
Jun
19
Jan
May
17%
48
10
_1
Cnaris
-
Corp———
Jun
19%
33
Mar
May\,;;
&
Seelig Mfg—
■;.?.T;.r;--'
convertible A common
$1.20
Refractories Inc.
Baste
(L)
Baumann
common——
1st preferred—.
1%
Brummel Ties
Beau
Beaunit Mills Inc
Aircraft
common
Bell
Tel of Canada
5
1
—*
100
1
>
—
-
—
2%
15%
127/s
*
—
14%
1
32
32
4%
54%
4%
54%
24
1
Bliss
common
(E W)
;
...
common
Ridge Corp common
;
$3 optional convertible preferred
Blue
Bluinenthal
Bohack
(H C)
1st
7 %
(S) & Co
Co
Bourjois
$5
Brazilian Traction
Corp
Jan
18%
Mar
12
Jun
31
Jun
Jan
3%
125
v
May
5%
Jan
Jan
152'A
Jun
30
Mar
46%
Feb
1%
2%
Jan
800
15
11
17
Jan
2,800
Mar
Jun
Mar
10%
Jan
14%
Jun
7,000
4%
15%
Jan*
36%
Jun
20,400
650
600
■
55
24%
3%
5% Mar
Jan
51
Jan
57%
Feb
15%
Jan
24%
9%
Jun
22
Jan
20
900
80
110
Jan
37
37
50
32
Jan
37
14%
135%
•
Jun
Apr
1314
1314
1334
6G0
12%
Jan
1%
1%
1%
4 8C0
%
Jan
2
May
9',100
34%
Apr
48
Feb
5,100
2%
Apr
100
•
—
Lgt & Pwr—;
42
/
3%
.•
23
17
•
Mfg
23%
*
•
2 000
8
-
20
2,000
6
/ 7i/s
' "
"'
18
5%
7^
i
17'f
5%
1
Bridgeport OH Co
4%
22%
.3%
1
common—
Aeronautical
47
40%
15
3%
20 500
4
4%
24%
Jan
v
Feb
6
Jun
10%
7% May
<2,300
Jun
19
Jan
Feb
Jan
Jan
Co common
Oil Co
British American
Am
ord reg
Celanese JLtd—
dep
British
Amer
British
Class
Brown
rets
B
Power
Fence & Wire
prior preferred
Brown Rubber Co
Co
Bruck
Silk
Mills
1st
May
23%
Jun
__
3%
22% May
22
20%
1,450
8%
3,200
23
Jun
2%
—
3%
6%
5 % Mar
Apr
5%
3%
8%
Jan
Apr
Jun
Jun
Jun
7%
7
29
30
L500
24
Jan
30
Jun
23
24%
6,100
20
Feb
26%
Apr
91
Feb
95
Jun
5%,
•
5%
•
5%
8,900
3%- Jan
300
33
11%
1,300
10
27%
18,800
38
39
11%
25%
■'■—
*.
9%
Mar
:
5%
39
Jun
25
.'
2.50
25c
37.
114%
'
13%
114% 115
13%
13%
2
12%o
page
25%
2
2%
4%
4%
5
Jan
10%
12%
ey4
6%
27%
115
Jun
Jun
111%
Jan
10%
Jan
14% May
1%
Jan
2% May
3
Jan
5% May
4%
Jan
6%
100
Community
Water
Service
Coinpo Shoe Machinery—
V t c extended to 1946
"1%
1% ;/
1
14%
1%
Consolidated
preferred
B
11%
77/
Jan
2 % Mar
15%
Jun
43% Mar
Jan
12% May
67 %
Retail
~7
Consolidated
Royalty Oil
Steel Corp
80 :
'
7%
■■■:6%
60%
CO
13%
5,300
1300
%
62%
13%
—1
10
•
-10a
Stores
1,200
'
Gas
Consolidated
78
14%
2%.
2%
20%
22%
V
Jan
116
'
Jan
106% May
5% Apr
Jun
Jun
110
Jan
7%
Jan
65
8%
Jan
14%
700
2%
Jan
3,400
,
78
118%
43%
3,700
2%
20%
Feb
Feb
7%
600
115% 118%
Jun
2%
1
•
11%
76
■
V;
Utilities
1
Consolidated Mining & Smelt Ltd—5
Consolidated
Consolidated
11%
Jun
Jun
41
2,500
.i.''
•
109
preferred series C
47o
Jan
800
2%
1
*
100
Co
Biscuit
series
ik
Jun
.1%
36%
Jan
'
Consol G E L P Bait common
4%Tp
27%
600
15%
•
Coke Secur common
350
1%
preferred
Jan
1/64 Jan
107,900
36%
.
$3
V
710
T,t
35%
18%
Jan
Jun
May
Jun
3% Mar
25%
Jan
6%
63i
7%
11,200
4%
Jan
7%
Jun
Fdy & Machine Co—.—1
Continental Gas & Electric Co—
21%
20%
23%
12,400
13%
Jan
23%
Jun
100
110%
110
111%
90
108%
Jan
19
19%
450
8%
2,900
Textile
Consol
Co
Continental
;
preferred
prior
1%
*
Cook Paint & Varnish Co
Range
Copper
$6
preferred
convertible
5%
;—
A—
Petroleum
Cosden
—^
—:
Reynolds
&
j
common
preferred—
Courtaulds Ltd—
•
*
1
'
1
—50
*
5
•
International A
Crown
Cork
Crown
Drug Co common
convertible
Crystal
$6
Oil
preferred
Refining
common.
preferred
Cuban
Atlantic
Sugar.
Cuban
Tobacco
common
Curtis
Lighting
Curtis Mfg Co
Inc
(Mo)
a
25o
—25
*
10
.5
2
20%
Apr
9%
Jan
"it Jan';
M Jun
14 % Mar
21 % May
3%
7,600
2
Jan
4
420
84
Jan
109
3 %
3%
2%
5,000
3%
Jan
3%
Feb
Feb
Feb
1,700
Jan
9,700
25%
Mar
1
Jan
1%
Feb
5,300
38
32
9%
35%
36
27%
29%
1%
1%
9
8%
10%
9%
9%
10%
17%
17%
■>*
1%
28%
:/
•
8%
Jun
11%
Jan
3,100
7% Mar
10%
Jun
24.400
Jun
38
>
Mar
10% May
31% May
'
15
'
4
4
,4%
4%
4
53
1,200
29;
7 p
12%
-
Jan
27
Feb
Feb
Feb
4% Mar
61
Jun
"31
Jun
Jun
18
Jan
4% Mar
loo
\
Apr
8
Jun
Apr
12%
50
<7
•4%
22% Mar
600
11%
2.50
I
..
19%
Jan
32
240
12,700
14 7A
13%
Jan
2%
250
2,100
61
X26 %
X26%
.
3%
25 %
17%
•
common.
Apr
Jan
98% 100 %
3%
99%
dep
Crowley Milner & Co
Crown Cent Petrol
(Md)
113
7% May
\-:
receipts (ord reg)—£1
Creole Petroleum
5
Croft Brewing Co
1
American
15
W 14,600
%'
5o
Gold Mines'————
Cornucopia
Coro Inc d
Cor» ,or)
*
Co
8%
8%
10%
Jan
13%
Feb
31
Jan
37
Jun
D
Feb
20% Jan
92%
332
25
1
Service
Feb
Jan
450
9,400
Public
Conn Gas &
39
91%
%
Jun
1.000
la fioo
Southern
Community
nci
Jun
29%
23%
—*
...
see
400
Feb
Jan
Power—.
common
For footnotes
g3/a
——H%
...
preferred
H)
5%
J)
Ltd
& Sullivan—
Corp Am dep rets
(P
100
;—.'/i*
common——
Biscuit Corp
Butler
20%
3%
—1
,Bunker Hill
Burrv
35
Jan
19%
20%
__
1
-—-
Buffalo Niagara & East
$1.60
preferred—
$5
Jun
*,
common
Buckeye Pipe Line
Burma
May
•
common
preferred
Forman Distillers.—
(EL)
20
19%
•;-:■/■
•
__
—
•
Bruce
.
20%
•
class A
—
Class .A
Brown
I~
; ■
Mar
21
—
__
10s
dep rets ord reg
Columbia
II
__
£1
£1
dep rects ord bearer
Am
$5
—■
—.
__
Tobacco—
American
British
_
17
31
Brillo
91%
wariants—
'^'3,100
35%
36%
Electric—
&
preference
Commonwealth &
Jun
*
25
100
Arms
Fire
Gas
5 ')o
Jun
131
:'
Columbia
15% May
150
14%
36%
Patent
Colt's
Jan
46
36% Mar
480
9,700
•
common
preferred
2d preferred
Brewster
Mar
9
390
40
41
2%
16%
14
19%
130
25
1st
Breeze
Feb
Jan
130
19%
100
Inc
Bowman-Biltmore
1%
—.
"
common
preferred.
Scrymser Co
Borne
•
*
7%
11%
145
5%
15%
13
,—
Jan
8% Mar
106
—,
200
1,300
10,600
S
Apr
5%
—,
com—'
common—
Birasboro Steel Fdy & Mach Co
Blauner's
--
37
...
Blckfords Inc
30
37
40%
2%
common———.w-—•
Convertible preferred.
•
Berkey & Gay Furniture
1
& Hedges
Benson
•
12
Colorado Fuel & Iron warrants
Jun
20
15%
'/
—
-
12
27%
5
—
-
—
—
27%
5
1
7
—
-
—
100
—
—
6%
10
common
Bellanca
■
11%
—
'
16%
Jun
1,200
41%
28
9
Jun
102
101% May
600
15%
41 %
12%
16%, Jan
100
48
Feb
17
Clark
13%
300
16%
.1
preferred
Cessna
1% Mar
% Jan
3
900
75
34%'
4%
Jun
l'lOO
18 %
Jun
Jan
32%
32%
32%
Aircraft Co
Jan
10%
975
wj.'
8y100
100
26,600
2,600
7,400
13%
41%
11%
shares
Barium
•
pfd opt div
9'A
Feb
Jun
8%
1%
18%
18%
pfd opt div ser 29
Apr
9%
9%
Apr
20,700
4
3%
3%
•
A
Jan
-5%
8%
8%
Conv
7%
Jan
100
6
•
•
7%
100
1,200
11
32%
34%
common
Andes—
los
Jun
Jan
113% May
23%
Mar
9,600
—
Rubber Co
de
American
27%
100
100
100
100
'
preferred
Baldwin
Apr
25% May
25
Co
§Cent States Elec
b
Babcock & Wilcox Co—
Banco
108%
Alcohol-
Power
Power
xl7
Jan
22% May
Jan
Jan
America
Hudson
Central Maine
Jun
10
Apr
8%
6% Mar
20
•
of
6%
11
4,500
Apr
com
&
Corp
6%
,9%
1%
1%
10%
17
__
ililii
7%
(A M)
Jan
Jun
7%
5
Co
Jan
9%
7%
common
Catalin
May
114% Mar
Jan
111%
7%
8%
Products
Castle
Feb
28
'■v',.T?:?vr
Baldwin Locomotive—
Purchase warrants for
Co
(J W)
Casco
Jan
6%
13% 14
25
; 25%
__
25
1
—
V
6%
5
25
Ayrshire Collieries Corp
Carnation
Feb
4
10%
'
20% May
Jan
3
10% May
12
Carter
18%
4% May
Jan
Jan
Foundry Ltd—
class
3,900
14
5 7
1
1
•
Plywood Corp—
Products
Co
1,800
108%
Products
3%
9
—
;;:V.
4
Automatic
Avery
.
__
Atlas
&
9%
Class B
10% Apr
Jan
7%
6%
3%
9%
'
voting
3%
18%
9%
reg
Tel St Tel class
Atlas
Carman
Mar
5
Jan
3'A May
100
common
Marconi
City
4
Jan
9%
Conv
17%
1
Co
Corp warrants
Atlas
Capital
Jan
1%
8%
voting
Canadian
Jun
2
400
5
preference
non
3,200
25,400
112% 112% r.
„
Associated Laundries of
Atlanta
B
34%
3% Jan
r
10%
£1
9%
America——•
1%
A————•
10%
Birm & Coast RR Co pfd—100—
Coast Fisheries
1
9
Coast Line Co
50
dep rects
American
Class
Jun
133
Jan
5%
A
Jun
1%
Class
ICO
2%
1
Ltd
Co
&
3%
10
Corp
Industrial
Canadian
Jun
7%
Associated Electric Industries-
Associated
Car
May
3%
£1
1
preferred
Participating
16% Mar
pfd.
Power
Insurance
Cement
Canada
1,400
6
6%
10%
Apr
Jun
300
3,600
5%
Fire
41%
100
1,000
400
120
10,400
Range Since January 1
Low
High
High
2%
3%
50o
Estate
Electric
Tungsten
Camden
Jun
Jan
5'A
Callifce
4%
120%
5%
Jun
40 %
Jan
.
Low
~
dep rets 5%
Sugar
Jan
%
•
American
California
Jan
1%
269,700
400
^ 8,300
19% 19%
3%
3%
24% 25%
112% 112%
8%
9%
Wireless—
31
Jan
5"%
Shares
50o
certificates.
trust
&
Calamba
Mar
70
105%
Jan
Electric Products common
Voting
Cables
Jun
29%
Apr
51
Jun
;£C 5%
Cable
36% May
17%
4%
5
10
for Week
Par
Jun
13%
4%
9
Range
of Prices
Exchanf*
Jun
Jan
47% May
300
Curb
Feb
8%
41%
500.
550
York
Last
Sale Price
New
Jun
113%
Jan
Sales
Week's
Friday
STOCKS
—
65%
New York 5, N. Y.
30 Pine Street
7% Mar
38%
2,500
__
preferred.'
2.50
.Arkansas Power & Light $7
Ashland
• ■
10
preferred
6%
-
—*
non-voting
Jan
Jan
7,80(1
£1
—
1
Apex-Elec Mfg Co common
•
24%
Appalachian Elec Pwr 4%% pfd—100 A —
Argus Inc
1
8%
Arkansas Natural Gas common
•
/ '/ 5%
A
Jan
4
2,100
7,400
150
1,000
150
YORK CURB EXCHANGE
NEW
Jan
46 % May
35,300
500
75
Angostura-Wupperman
class
52
48%
OF THE
MEMBERS
Jun
4%
40%
50%
Anglo-Iranian Oil Co Ltd—- 'r
Am dep rets ord reg—
Common
25%
11%
6,000
10,900
HERBERT E. STERN & CO.
Jun
Jan
request
on
Jan
54'A
15
7%
1
1%
132
133
30'A 34%
31
common
Fence
Mar
2%
Mar
6%
1%
Post
110
24% --20,000
37/8
38
50
V
6%
Writing
American
Jan
1% Mar '■;'■■
13%
4
38
5
♦
2
Jun
46
—
10c
—*
Jan
117
with Long Dividend Records
Jun
26
Jan
108
•
—
__
13%
common
Corp com
1st
$6 preferred
$6 series preferred
American Thread 5% preferred
Anchor
>
21%
Jan
43%
10%
48
1
Jan
100
9,500
6%
—
21% 22
35% 36
2
8eal-Kap
Feb
86 %
250
—
■
Superpower
Amer
—
Republics—-———w—10
■
American
24%
10%
47
ChemlcaL.—*——•
Potash &
American
'American
10'A
48
100
1
*
Preferred
American
54
112% 113
112%
25
I—100
preferred
6%
American
20
37
20
25
Mach
American
American
Jun
117
New York Curb Exchange Common Stocks
Jan
49
Jan
19%
400
Power & *jight—
Cities
American
Mfg
•9
Jan
15%
A'-4:./v
113% 116'A
25
25
-1
Central
American
Jan
36%
112%
5,400
000
100
—
22
Co
May
8%
2Va
50'A
22
Book
American
39
List of
39% May
Jan
30
46'A 48'/a
114'A 115%
20% 20%
46'A
114%
20%
1
100
1
American Beverage common
Jan
29
'
—
100 '
-
37'A
37
35%
—
Range Since January 1
Low
High
Uijh
Low
Par
JUNE 29
Sales
Week's
Friday
STOCKS—
York Curb
New
33
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4399
162
S*.»>.
Mar
Class
A
.-c~
^Dhontiiro
II—1
25
37
31%
31%
34%
1,200
"*9%
~9%
U%
9,300
22%' Jan
;
___60c
0
50
7%
8
1,000
Feb
40% Mar
7%
>
34% Jun
35%
.35
convertible.^
Dejay Stores common
class A common,
Dennison Mfg
prior preferred
V
37
JDavenport Hosiery Milld
Dayton Rubber Mfg
A or
41 J<,
5%
Jan
82
Apr
138
Apr
9%
92
Feb
Feb
142% May
i
iu wi
THE COMMERCIAL & FINANCIAL CHRONICLE
34
EXCHANGE
NEW YORK CURB
RANGE
Last
Range
of Prices
Shares
Low
Par
9%
Derby Oil & Ret Corp
uasxei
ueumt
Mfg——,.
<a
preferred-.
6%
Products
Steel
Detroit
De Vilbiss Co
10
Co
32%
Apr
21%
Jan
Hearn
21
250
1%
Jan
2% Mar
5%
Jan
7% Mar
7%
7,500
800
27
Jan
34% Mar
29%
180
25%
Apr
29%
Jun
Helena Rubinstein,—,
Class A
-10
12
12
100
10%
Feb
12
Jun
Heller
28
30
2,950
18
Jan
30
Jun
23%
Jun
Henry Holt &
23%
Jun
Hewitt
III
22
20%
23%
7,500
22%
21%
23%
4,400
32%
35
"4%
13% .Jan
'11%
700
20
Jan
Jan
35%
5 Va %
—1
Dominion
Textile
Co Ltd
.
800
4%
4%
Hoe
Hollinger
10
Jun
Holophane
(R)
9%
500
67
May
81%'
300
74
Apr
82%
Feb
Hormel
55
60
350
38 %
Jan
66
Jun
Horn
84
Jan
95
Apr
10%
10%
8%
9%
6%
—
Co
.10
.
55
"
■
.«*
Duke Power Co
class B
Hosiery
Z*
common
4% May
12%
11%
200
14%
Jan
Jan
11%
Jan
53
May
8%
Jan
13%
;
6,800
; ■■/
400
20 3^ Mar
300
14%
Jan
Jan
70
103 Va
Co
&
Hummel-Ross
Jun
9
Jan
6%
100
53/4
Jan
23%
2,000
18%
Jan
24%. May
24%
24%
19%
Jan
27 % May
50%
48543/4
33
11%
11%
12
17%
17%
17%
39
•
38%
39
500
1,900
Jan
593A
,4,000
9Va
Jan
12 % May
200
145/a
Jan
18%
Jun
Feb
14
1;
Jan
Jan
23
Jun
May
130
May
30 % Jan
110
'.':
Jan
27%
50
:23
44
45 Va
4,700
43
9%
3,900
44 Va
Refining
8%
'8%
Corp
34
Mar
V' 27%
.—8
Inc
1* —
150
33%
32%
'
Feb
40 Va
124
*
[lOO
.15%
Mar
8
«
Baking Co—,
Jan
37
40
II
common
Fibre
Jan
13% May
106 %
Jan
22 %
—2.80
[——8
preterredOil
263/4 May
.15
6%
..
M.—
common-
(Harvey)
Jun
Jun
22%
.
Hubbell
Feb
,
105% 106%
105%
& Co common
Humble
12%
Texas Sulphur
Duval
G
Inc
& Hardart
6%
6%
15
1
common
(Geo A)
(A C)
Horn
25%
36% Jan
11
8
common-.
Horn & Hardart
12% May
13%
25 %
100
Co common
Co
12%
15
w
Feb
Jun
—1—2
-
Consolidated
Horder's
X68% May
8% May
3% Jan
200
common
Test Corp
Apr
12%
•
& Co class A—:
Feb
Apr
11
—
Heyden Chemical common——„
Jun
5%
28 Va
81
28
,
Corp
Harris
preferred w
Apr
4'/a
9%
—
common—
Rubber
9%
.
—250
Mining Co
High
83/4
Jan
1,600
34
29 %
48 Va
32 3/4
.50
preferred
Co
low
7
1,300
1,400
323/4
8
Dept Stores common¬
er
Hecia
25% Mar
Coal B
•
Corp
34%
-1
Steel &
Duro
Hazeltine
15,400
Bridge Co Ltd
Driver
Apr
6%
common
Dominion
Durham
Jan
18%
2%
—1
Dominion
Draper
11 Va
Jan
26%
Industries class A com—
8%
Range Since January 1
High
8%
Jan
21%
1%
Law.
9
32%
—
Corporation
Dobeckmun
7 Va
Shares
Par
16
3,200
tor Week
Hat Corp of America B non-vot com—1
-10
*
common
2%
—1
Diana Stores Corp
Divco
21
-1
1%
preferred
—
Diamond Shoe common————
Domestic
9%
'
20
—
Iron FoundryDetroit Mich Stove Co commonGray
Detroit
9>/4
1
Range
of Prices
Curb Exchange
High
Low
Sales
Last
Sale Price
York
Range Since January X
High
Week's
Friday
STOCKS
New
for Week
Sale Price
Curb Exchangn
FOR WEEK ENDING JUNE 29
Sales
Week's
Friday
STOCKS
York
Haw
Monday, July 2, 1945
Jan
28%
Mar
1
Jan
113
Feb
750
7% May
Feb
9%
Jun
Jan
24%
Jun
June
46
'
2%
Gas & Fuel Assoc common.
East
.100
preferred
prior
41/2%
preferred—
—
Eastern Malleable Iron
6%
.100
*
.-28
—
•
States Corp——
Eastern
common
Co
1
1—8
46%
Feb
35
33%
Jan
l3/8
Jan
1%
55
50
2%
52%
45%
45%
13,700
:i" 60
Mi/a
60
.1st
preferred
Hydro
Electric
59%
487/a
2,300
2%
8
Jan
12%
Jan
>20%
Jun
64,600
9%
Jan
15%
Jun
5%
600
95%
Jan
100%
Jun
Dividend
Jun
400
97%
Jan
105%
105% 109
750
70
Jan
111
1,100
-10
30
29%
32%
—60
&
1%
Jan
15%
Jan
40 %
82
82
90;
pfd—
Feb
.100
common
1
$3 convertible preferred
—
.—1
Esquire Inc——
-50
Eureka Pipe Line common—
1
Eversharp Inc new common
11%
11%
2
47
2%
46%
47%
10%
29
38%
Co
coupon
>
—
2%
Jan
Jun
Jun
12
Jun
May
32%
Feb
39%
Jun
of
Tobacco
Britain
Great
1
Airplane.
7
-8
Mfg Co
& Warehouse Co—28
(Phila)
——10
Ford Motor Co Ltd—
Am dep rets ord reg
—si
Ford Motor of CanadaFederal Compress
Association
Fire
Class
B
143/4
4%
lllj700
3
voting
16%
100
16
Apr
17%
4,300
38%
Feb
55%
25%
30
3,900
9%
Jan
30
Jun
68
67%
70%
—
23%
640
-1.25
;
Distilling—
Co
Franklin
1
1
Franklin Stores
73/a
North
Cigar Machine.
$3
1
(Geo A) Co
Fuller
; 7%
3,400
53/4
Jan
2 73/8
700
22 Va
Jan
28
150
22 %
Jan
: ; 27
stock
convertible
——
:
4
4
v.:
25%
82
Jan
4%
13%
Apr
Jan
24%
Jun
17%
Jan
29
Jun
Co
Power
common—.
55%
Jan
82
Jun
77
Jan
114
Jun
Mfg Co
Gellman
1
—'•
common
Alloys Co
General
—£1
General Finance Corp common
'—1
5% preferred series A
*—-*.10
General Fireproofing common
•
Gen »>as & Elec $6 preferred B_,
•
General
Outdoor Adv 6%
General
Public
Service $6
pfd
100
preferred—•
•
1
A stock
General Shareholdings Corp com
Rayon
Co
12 %
92
Jan
5,300
3%
2%
2%
2%
2,800
1%
16%
8%
8%
9%
9%
233/4
148%
40
4,200
103% 103%
2 3/4
"5 Va
10
1023/4
120
6%
Jan
7Va
3%
Jun
Feb
Jan
18
16 3/4
17%
Alden
Kingston
Jan
148%
Jun
Kiiby
Klrkland Lake G M Co Ltd—
106
Jun
108
Jun
Klein
Jun
Kleinert
17
100
18 3/4
20
3%
Jan
4
Jan
2%
92
104
Jan
Jan
111%
Jan
15
Jan
19%
53
Apr
Apr
Mar
18%
' •-'
V
Krueger
19%
Class
$4.50
B
17
May
1,100
18%
Jun
24%
5,300
17%
Jan
24%
Jun
4%
2,200
31/2 May
48% Jan
5%
Jun
71% May
41
Jun
103
Jun
Goldneld
Consolidated
Goodman
$3
Mines..
1%
47%
———
——..
conv
-10
pfd. -25
1%
183,000
Jun
10
47%
47
46%
48
24%
23%
26%
8 Ve
•200
%
V
Jan
50
-400
15,500
Feb
7%
Jan
>47
Jan
Jan
1 %
,
■
50
Feb
22% May
7Va Mar
26 Va
"lOO
9Va
800
9%
193/a
-31,300
10%
Apr
19%
Jun
12%
1,300
10 Va
Jun
13%
103%
-28
Paper.
•
Greenfield Tap Jt Die_
Products
Utilities $4.40
pfd
—
97%
825
86
130%
100
127
Jan
Jun
140
42
750
35% Mar
42
Jun
15 Va
20
13,500
10% Mar
20
Jun
9%
,
9%
800
.100
7%
Jan
110% Jan
Hammermill
Hartford
Harvard
Co
10
Feb
114% Mar
Feb
10 Va
Jun
1,300
9%
Jan
12%
Feb
6
.10
Rayon
Brewing
Light
voting trus
Co_.
For footnotes
see
30%
32j
.25
Ltd
Paper-
Hartford Electric
12
60
60
page 37.
11%
Apr
7
Jun
200
27 %
Jan
32
Jun
20
53 %
Jan
60 %
Jun
1%
Jan
3%
Jun
•
..1
-1
1,800
16
May
21'A
6,400
18%
Jan <•'
22
Mar
100
19%
Jan
21% Mar
1,700
1,500
8%
Jun
13
2 J/4
Jan
3%
3%
3%
9,400
4
4
4Va
600
20% Feb
—
20%
U 21
21
10%
9%
9%
2%
2%
2%
-
Z
29
24% May
Z;
1%
■
1
23
1
■
li
51%
23%
2%
-
.
1%
Jan
:
>
Feb
42
Jun
%
Jan
Jan
23%
Jun
9%
Jan
11%
Jun
1,100
1
Jan
7,800
:
;<■/ 19
600
.
11%
.
jfc—;.
Jan
lVs
Feb
31% May
53% Mar
Jan
17%
Jan
3%
V. Jan
5,300
1% Y.
2%
.
100
38 >(
;<
,":
23.
10%
:
10%
/
23
i%;i i; 1,700
l'/4
38
Va
-v
450
52'%
:
££
9'/4 May
300
30
52%
"'v
:
.
1%
Feb
4'/8 Mar
4,900
Jan
7%
18,900
11%
Jan
16%
3,100
4%
Jan
111
110%
-
.378 May
Jun
Jun
.
Jun
; 110
Jan
107%
Feb
108
30
111%
110
111%
8
104
50
107% 107%
110
4
6%
16%
14%
7/6%-i8>v:
Jan
110%
Jun
114
Feb
xlOR% Mar
213/4
Feb
116%
Feb
24% May
119
May
>
Va
32%
18
^y'-r
21
20'%
■J
Z
66%
68'%
4%
4%
7%
7%
8'%
>
May
Apr
18
10
19
Jun
34%
Apr
12
Feb
Jan
75
Jun
Jan
43%
25'%
Jan
52'%
30
'i
72'%
"4%
8 '/4
,
1,000
-
.72%
Jan
28% Mar
/
1,200
33
'Z—'-'-V'.'
72%
13
500
18%
18 Va
32%
75
Jun
4,300
3%
Jan.
5%
Feb
1,500
7
Apr
9%
Jan
1% May
'
7,900
13
Jan
100
15%
Jan
200
16% May
14'% Mar
liV
li?
l/k
17%
17%
17%
17%
17 %
16%
17%
800 /
w
V.'-
"9 % ;;
,■■9 %
:
"9%
"9%
Jun
17% Jan
May
10
Jun
Jan
100
Jan
9
Z; 100
20
.
Jun
18
99
:r;:Z
~9%
17%
9
5,500
10
.,
Jan
11%
Jan
23
4 % Mar
15 Vb
3,700
3%
Jan
5,900
6%
Jan
109%
Apr
.
•1*
WW* ^ —
Feb
(R G) Inc
1
"5%
Class
17
17
Common
17
28
•
4
Mar
Mar
34,600
1%
Jan
100
28%
Feb
800
13%
Feb
"
-
.4'%
v
2'%
Jun
Jan
Jun
Jan
Feb
r
37% May
19
<19.
Jun
-Feb
30%
Jan
Apr
<47/8,Jun
.Mar
24'% May
2%
•
24
..
"
2114
14
14%
15
:
Z'
t
'1%
I3/4
ctfs, of ldep
94
94
84%
-1
,8
5/6
.
1%
95
84Vi
8V2
88.
9<
114% 114%
38
38
common——
—
1
*39%
150
10,900
120,700
525
400
'3,600
'
"20
400
Va
3Va
3%
3,000
20%
20%
21%
.1,100
36%
36 %■
3
*
—
—Jan
27%
3,300
4%
20%
Mangel, Stores common——
$5 convertible
preferred
Manischewitz (The B) Co
14
100
—
A——
7%
70
,
t
*4
preferred A ctfs of d^p——
preferred B ctfs of dep—...
Corp
Jun
8
"
"4%
—
Louisiana Land & Exploration.^.
Louisiana Power & Light $6 pfd..,
Feb
32
48
1,400
T ■»
Lighting Co—
17
Jan
220
18% "
16
28
Lone Star Gas Corp commonLong Island
Jun
Apr
13'% Mar
1,800
6%
66 ./v.
1%
2;:
36 *-•' 36" >':•
—
————
B
109%
25'%
1,600
100
"l%
16
Groceterias
Class
~6'%
62
(Thos Jh Inc 6% preferred
Loblaw
May
r
Locke Steel Chain..—
Lynch
i
32
32
5%
11% Mar
6'% Mar
16%
'15%
15%
■
,
—— WW
Brothers common—
7%
''!
Z-.—
Material Co.'
6%
.*—<
M
11%
-J
...
13
12%
20%
8,100
.Manatt Sugar optional warrants.
Lamp Co
Hamilton Bridge
Jun
5%
H
I
Hall
Jun
35%
10%
..
.
8
Gypsum Lime & Alabastine.
23%
Jan
21%
Lit
Feb
41
20
common., .250
19% Mar
5%
Upton
Feb
94%
Jan
Jun
Jun
3,400
v-r"
—
3
73'%
35'%
32 V4
20%
Lionel Corp
Jun
130
Feb
101%
Feb
'9%
Line
Feb
16%
13d
85
;
55'% Mar
5'%
Le Tourneau
Jun
39%
1
Co—
Leonard.Oil Development
Apr
11
-3>
Mar /
200
9%
Clagg
Feb
51%
Brewing
Lefcourt Realty common
Convertible preferred
Jun
393/4
18%
(Cal)——
Great Atlantic & Pacific Tea—
Non-voting common stock—
t%
1st preferred
Jan
if
—
__
33
Langendorf United Bakeries, class
<13% Mar
11
Co——
Grayson Shops
Gulf State
103
103
Jan
39%
Grand Rapids Varnish—
Grocery, Stores
50
10
■>
common.
Great Northern
13
—50
Graham-Paige Mo tors. $5
Gray Mfg
3,800
1
A—.
preferred—
Gorham, Mfg
125
40%
103
III
Mfg Co
Gorham. Inc class
68%
'343/4
(I B)
Lake Shore Mines Ltd.:
213/4 May
4%
68%
prior preferred——
3
Lakey Foundry & Machine—..
19% May
223/a
38
Mar
Lamson Corp of Delaware—
Lane Bryant 7%. preferred——
Lane Wells Co common
Jun
4%
—
Feb
2'%
Feb
52% May
■
(Adolf) Inc common—,
Godchaux Sugars class A—
71
Jan
12%
Jan
Emil) Co common
Rubber Co
(D
Knott Corp common
Mar
114% May
110
Products..
Petroleum
Jan
Jan
1
Gobel
100
Kings Co Lighting 1%
5% preferred D
Jun
22%
Coal—
Kresge Dept Stores—
4% convertible 1st preferred—
pfd B
Jun
Apr
18
-2.50
Kobacker Stores new common
Co
9%
Jan
750
17
Jan
2'%
*
-5
100
100
1
1
1
-•
10
1
1
&
83/4
109% May
*
Gladding McBean & Co—.
Gleaner Harvester Corp
Glen
Key Co common
Kidde
(Walter)
May
52 % May
"
Coll I—Hill
Gilchrist
57%
K
preferred—100
Kennedy's Inc
;
5
Ken-Rad Tube & Lamp A
•
233/4
52
25
Jun
68
500
<
72%
101%
6
Jan
13 %
112 Va 112 Va
Jun
116
Jan
::
14%
Feb
1%
Water Gas & Electric
29'%
Jan
Jun
52
,Vv..
Kansas Gas & Elec 7%
84
$3
»'
Engine Co.
Apr
132
5,900
Mar
500
2%
70
Co—
V4
8
600
3%
•3Va
100
•
common—1
preferred
—*
Geoigia Power $6 preferred
*
$5
preferred
•
Gilbert (A C) common
•
3%
Ju,n
12
90
100
.*
Central Pwr & Lt 5%% pfd—100
preferred
100
preferred
100
& Kokenge Co
*
101
103%
15
May
'
2%
'K'r-'
Equipment
6%
200
148
83/4
15
XII31/4 Mar
60
70
Jan
Jan
26%
30
7
Jan
11%
12 Va
200
67
69
^VlV;
/
shs—•
coupon
18 %
50
22%
—
——50
Home
(FL)
Jersey
Jun
7Va
22%
••
Jun
Jan
6Va
preferred
convertible
$6
Jan
6%
dep rets ord reg
General
Gen
100
1,100
■
Jeannette Glass Co
Co Ltd—
Gen Electric
Amer
12%
12%
9%
87%
—*
100
preferred
4,700
64 J/2
shares
Jacobs Aircraft
Jacobs
Julian
5%
14%
14%
70
,
7 %
Gatineau
Jun
Jan
Apr
11 Va May
-7'
13%
27% 27%
113% 114
Royalty
Investors
Feb
17%
70
-V"
;.i
Jun
May
28%
Jan
1,550
27%
81
25 3/4
13% Mar
64%
Interstate Power $7
7% May
300
3,900
K
6,200
100
,1
preferred——*
—1
Iron Fireman Mfg voting trust ctfs—*
Irving Air Chute
—1
Italian Superpower A..
.*
Interstate
Jun
7
28%
11
•
$3.50 preferred
Jun
34
3Va
500
13%
24 Va
28
20
24
*
International Products
—10
International Safety Razor B—
•
International Utilities Corp com
15
May
Jun
27
350
4VB
12
23%
12%
27%
5% Mar
.
28%
27%
IIlOO
preferred..
^
——
27%
•
conv
4%
8
58 %
Mar
14.
-•
Registered
Jan
,
25% May
Jan
15
13%
50
International Petroleum
Apr
75
'7%
•
1
Malt comi
Grain &
24%
Jan
3% Jan
1
Co
(Peter) Brewing
Froedtert
Jun
651/*
:
Jan
53
4,000
12%
Jun
30
14%
1,000
18
International Minerals and Chemicals—
Jan
53%
27%
—.
Pitt Brewing
Jan
16%
2,300
58%
17
10
America
of
International Metal Industries A_
Jun
4%
26%
Motor of France—
Amer
dep rets bearer
Fort
14%
48%
',"•••
Ford
Fox
Apr
May
11%
5,600
3%
A non-voting
Class
13%
r
223/4
57%
100
preferred
7%
Insurance Co
49
Metallurgical
Fedders
3%
1
Brewing
Falstaff
Fansteel
13%
1
& Inst Co.
Engine &
Jun
Jun
20%
Vs
£1
Ireland
International Hydro ElectricPreferred $3.50 series
Fairchild Camera
May
6%
6%
•
•
6
&
Indianapolis P & L 5%% preferred_lQ0
Indiana Service 6% preferred
100
7 %
preferred
100
Industrial Finance v t c common
1
Common
1
Feb
International
Fairchild
"36
18%
.£1
dep rets regis
Imperial
12
48
25
Zinc
Imperial Tobacco of Canada
31% May
50
Mar
33A May
143/4 Mar
17
Jun
73/4 Mar
400
1,500
28
100
20%
Jun
Jan
43
350
10%
29
37.
37
1%
42,500
Jun
1,700
5
:
58
50
——.
90
108% May
•
2Va
—
ctfs——
arrear
Imperial Oil (Can)
Registered
f
Jan
Jan
11
200
Jun
6%
18 J/2
5
;
32%
Jan
49
1,200
Jan
Jan
15
12,400
105%
.—5
Am
Jun
35%
.100
7%
Imperial Chemical Industries—
Jun
300
1%
40
300
i,:
Jun
Jan
243/4
preferred
conv
Illinois
May
11V4
1%
-
Securities
Illinois Power Co common.
15%
100%
38%
34%
Jun
:
Jun
17
103% 105
1%
7
3%
Jun
47
675
1
18
45
,200
7,900
'
Jun
Jan
33
18
10%
100
7%,;.
6 »/4
33
fiygrade Food Products
May
46
1,700
7
5%
—
Jun
22
5Va
purch warrants
Jun
2,975
39%
;
Huyler's common
Apr
37 % Mar
47% May
11%
99
__18
Com stk
60
1,975
47%
•13%
105 Va
Jun
95%. Jun
Co
•
59%
10%
99
Corp
Equity
6,650
3
-A
—
Empire District Electric,.5%
Emsco Derrick & Equipment
2
10%
preferred————
conv
34
Feb
58
3
Jan
78%
55%
.
2Va
1,025
34
56
6,700
95 V4
53%
preferred series A—
$6 preferred series B
Eastern Sugar Associates—
$5 preferred
——
Easy Washing Machine B—.
Economy Grocery Stores—
Electric Bond & Share common—
$5 preferred-——
$6 preferred—.—
----Electric Power & Light 2d pfd A-.
Option warrants—
—
Electrographic Corp..
Elgin National Watch Co——
51/2%
91%
56
$7
Elliott
2%
94 '%
Ligonier
$2.25 preferred
21
45
Hussmann
.*
Mapes Consolidated Mfg Co—
-*
Marconi Internat Marine
1
Communication Co Ltd
——,£1
18Vs
Jan
22
Jan
10%
Jan
15
Jun
l3/8
Jun
94
.Jun
84%, Jun
X8% May
110
Feb
32
Jan
H
VwPvfA**
'
IS
/•* VlSfW
®®!8Siiii&lij|l81i$^^
EXCHANGE
NEW YORK CURB
FOR WEEK
RANGE
Last
Exchange
Curb
of Prices
Sale Price
Low
common
&
1
Jan
5,800
7% Mar
2,600
Pacific
1%
45
Jun
Jan
18
Feb
Pacific
Jan
180
Jun
Jan
6
Feb
Page-Hersey
Jan
130
Jun
Chapman
Merritt
6Va %
Textile
Metal
Oil
3%
110
7%
Jan
Jan
45
Feb
$2 conv
4%
5%
1
—2.50
*
2%
2%
7,400
3
Jan
6%
Jun
1,700
6%
12%
11
11%
Mid-West
8% Mar
12 %
Jun
1%
14,900
3
Jan
Pennsylvania Edison
Penn
1,800
8%
Jan.
13%
Jun
700
12%
Jan
23
Jun
-13%
20 %
1,100
15 y4
Jan
23% May
Penn
Traffic
3%
3%
3%
1,900
3ya
Jan
Feb
Penn
Water
Jun
Pepperell
15%
15
15 %
11
12,000
5
15%
Jan
$8
28%
—•
35%
3%
9%
6
4
Jun
2%
3%
1%
975
Jan
114
Jun
300
7
Jan
Co
Jan
13
18
17%
2,000
11%
•
11%
12%
12,500
9y4
Apr
12%
Pitts
Governor
Gold
3
Feb
4%
Jun
10%
10,600
10J/4
10%
2,700
9%
Jun
2%
2%
600
2%
Jan
100
10y4
Feb
12
12
188
188
44
Dakota Utilities
Inc
44
Investors partic pfd
Mountain City Copper common
Moody
2
7%
common-
7%
—
E
1-1
National Bellas Hess common
mM
preferred
36%
100
22%
50
19%
19%
22%
3,000
12
City Lines
National
11%
12%
18,700
9%
9%
200
8%
Feb
19%
19%
20%
300
14%
Jan
13%
13%
13%
2,300
11
16%
Jan
19%
National Fuel Gas
Mfg & Stores common—
National
"II
Refining common
National Rubber Machinery
National Steel Car Ltd
National
12.50
National Transit
II %
12%
1,000
11'/a
Apr
14 Va
Oil
Navarro
—
2%
2,000
1%
Jun
1st pfd(Herman) Corp
$2
New
Haven
& Tel
England Tel
New
Clock
New Idea Inc
New
Mexico
,
12%
8%
14% Mar
137%
2,400
117
Jan
5%
1,500
4
Jan
common
of
Corp
America
of
Metals
Nevada
5
9%
~i%
1%
N
Y
9%
N Y
N
Jan
16
:
v
May
Jan
Jan
6%
48
800
Osf. 9
1,100
700
y
Jan
Founders
N
Y
Jan
10%
Feb
6
Jan
9%
Jun
6%
Service
110%
26%
y
124
67%'
14%
Jan
Jan
1,700
63
25,400
Mar
40
Mar
x5
Mar
12
57/a
Jan
48 y
6%
class B
com
Ntles-Bement-Pond
Electric
30%
Apr
37
20
50
16%
Jan
23 % Mar
107
~6%
78%
102
'
6%
&
'
300
18%
30
107
77
22
101% 105
95
97
%
16 y2 May
107
120
—
Jun
21% May
110
Feb
Jan
90
May
3y4
1,865
89y2
Jun
82
Jan
•
40
5,800
8%
8%
8%
5,800
15%
15 y4
16%
4,600
~2%
~2%
1,500
22
y2
24%
2,900
3%
4%
9,800
tff
Jan :
6%
105
Jan
Jun
Jun
97%
Jun
iV Jun
6% Mar
8%
North Amer
•
$6
Light & Power common—1
•
preferred—
17%
Class
B
common
22%
'
3%
14 y2
Apr
Jan
1
Airlines
1%
5%
Jan
150
42%
35%
41%
% 200
36%
Feb
43
May
May
53
Jan
56
Mar
~4%
4%
5%
5%
14%
105
"5%
6
18%
105
2,400
400
41,100
10
121
136
Mar
43 %
Jan
iy4
Jan
6%
Jun
5%
Jan
7%
Mar
18%
Jun
99%
38%
38%
39%
600
17%
17%
18%
2,900
14% Mar
1
8%
8%
12,300
6% May
—•
33 y4
32%
105
34% May
25
Penn
RR Co
,
Northern States
Northrop Aircraft
Novadel-Agene
class A
Power
Inc
—
Corp
—
106 y4
9
35%
1,600
May
11% Mar
50
Northern Indiana Pub Serv 5% pfd—100
Northern Natural Gas
20
North
May
40 %
17
26 Va
Apr
110% Mar
Jan
Jan
Jun
40%
-
Jun
19
Jun
9% Mar
35 y2
Jym
Ohio
Brass
Ohio
Power 4%%
Co
class
-
B
common——*
29
28 y4
4%
31
6%
Service
7%
Jst pfd
1st preferred-.
Oklahoma Natural
Oliver
Omar
—100
1,700
550
14
16
87%
Jan
90
Jun
159
159
163 %
90
156
Jan
164
Jun
14
14 %
200
13
Jan
100
4%
22%
Apr
Jan
5% Mar
31
Jun
common——15
34
_•
7
For footnotes
34%
200
T"
300
1
Securities:
see
1
18% May
1,700
.
13 % Mar
13% May
17%
14%
14%
100
40
76%
14%
1%
Jun
66,500
1%
15%
&
Am
common
Jan
'
Jan
2%
Jun
Jun
42%
2
2
32
550
31
30%
33
700
22%
Jan
33%
56
56
60
52
Apr
56
;
20%
23
14,800
18%
Apr
23%
Feb
2%
33/a
Jun
20%
2,100
•'<
2%
3%
74,400
24%
•
25%
800
pfd D
1%
y■
■„
%
7.100
10,300
8,800
90
16%
Jan
"Rotary Electric Steel Co
10
Royalite Oil Co Ltd
—
Jun
%
Jan
105%
Jun
109
12
Jan
15
Jun
19%
Jun
400
Ryan Aeronautical
Co
Petroleum
Consolidated
Ryerson & Haynes
-
19
16%
17
-
•y
17'
Jan
12"%
Apr
Jan
22%
400
17
Jun
2%
Jan
4%
1.400
7%
8%
1,200
19%
100
22%
22%
24%
4,200
11%
100
1
*
1%
1%
Feb
Jun
Feb
May
,
9%
14,500
11%
8%
8%
6%
6%
400
3%
4%
5,700
4%
6% Mar
18 %
18%
18%
•
1
common
14%
4%
2%
Russeks Fifth Ave
14 %
/
6' Va May
%
250
1%
3%
19%
1%
19%
7%
20
preferred
Jun
Mar
1%
May
...
8
—1
Petroleum Co
18%
25
Jan
—
8
5
Jan
5,400
Feb
Jun
May
26% Mar
Jan
75
1,300
1%
19
141/4
'
£1
Corp common
Art Metal Works
14%
19
18 %
24%
105% 106 %
•
Jan
22%
5
100
Pendleton Inc
1% Mar
24
5%
22%
1
Gas Co v t c
1%
18'/a
—
1
Radiator
$1.20 convertible
Ryan
Jun
Jun
31
1%
Roosevelt Field Inc
Root
.
20%
30%
5
•
Cable
Ronson
'
31%
warrants
dep rets for ord reg
Rome
2
Jan
800
2
20%
*
•
50o
1
-
& Engineering
Goods—
Dry
1%
11
,
Jun
*
8% Mar
.
Feb
19 %
Jun
Jun
Feb
25
Jan
19% Mar
Mar
12% Mar
6%
Apr
6%
Jun
10%
Jan
9
Jan
4%
Feb
3%
3% Mar
Bt Lawrence Corp
Class A
St
$2
Ltd
Jun
Salt
Oil
Dome
Co
50
5
1
-
United Corp common
Samson
Savoy
Oil
Co
common
$6
2%
Jan
16%
Jan
27%
207,200
5% Mar
7%
7%
7%
8
5%
6%
~3%
3%
•
31%
31%
4 Va
25
84%
25
39%
8
:
-
A) common
Convertible preferred
Scovill Manufacturing
Elec
500
6,375
7%
-1
(D
Scranton
3%
26%
6%
24
1
Co
Schiff
Bchulte
3%
23 %
7%
*
—
prtl
conv
Regis Paper common
—
pfd
•
-
$6
preferred
Steel
Scullin
Co
common
•
•
—
Securities Corp General
Seeman
Bros
100
13%
Inc
1
3
5.
•
12%
22
common
1
2%
•
Jan
10 y8
Jan
16% May
5%
)
.10
49
Allotment
Semler
(R
certificates—
■
Shattuck
B)
Inc
common
Denn
Mining
Shawinig.'in Water
Sherwin-Williams
4%
-
preferred
& Power
common
549
10,400
100
8%
Feb
4%
Feb
3Va
22
Jun
Jan
3%
70%
>.
38
May,
4% May ^
Jan
Jan
89
34% Mar
lll%Mar
14,000
5,900
350
2%
19,500
3,000
Jun
40%
Jun
114
Jun
19
1
5
14%
19 ;
1%
12
Feb
May
Jun
8 % May
50
Jun
3% Mar
Jan
Jan
14%
Jun
Jan
22
Jun
2% Feb
Jan
400
Jan
19% Apr
19%
700
82% Mar
92
Jun:
Jan
92
Jun
14%
Apr
21%
Apr
2%
Jun
1%
2
6,100
J an
7
1%
7%
500
5% Mar
7% Jun
11%
600
Jan
11% Mar
11%
4%
108%
10%
5%
5,500
5%
Jun
17%
600
15%
Apr
18%
Jun
107% 109%
700
102%
Jan
121 %
114% 116
150
114%
Jun
4%
17
—*
100
114
4% Mar
83%
90
—
,_23
Jan
10% Jan
;*-■ 2
9%
3%
14»/a
22'.
2
88%
42%
21%
3
.
Jan
5 % Mar
100
12%
17% - 18%
•
Apr
14%.
87%
1
Mar
13%
PVa
1
7
99% 102
87%
Safety Control
10
10%
'
5
Serrick Corp class B—
35
600
40%
25
Sentry
Jan
1,025
89
114
stock
115% Mar
Jan
V
100
8,500
$5.50 prior stock
119% Mar'
Jan
84%
39%
49
•
Inc
Segal Lock & Hardware
Seiberling Rubber common
Belby Shoe Co
:
Jan
6
3,800
31%
5%
1
Jan
29 %
4
1,900
Jun
Jun-
May
7
Bcranton Spring Brook Water Service—
117%
Jan
.v..
4%
4
114
10,800
'..V
3%
Jan
Apr
116% Jun
page 37.
Jan
19
113% May
9%
Gas
United Filters B
Overseas
575
19
111,
50
-100
Inc_.
-
Jun
14
116
114% 114%
Jan
19
17 %
Seton Leather
Ohio Public
preferred
Jun
110%
Jan
1
Oil Corp.
Convertible
4%
4
17%
Feb
18%
-:V
10
.
Selected Industries
0
Ogden Corp common
Jan
..
16%
May
118% Jun
15%
Rolls Royce Ltd—
Jun
300
6%
Northeast
26
19% Mar
133%
132'
14%
107
112
v
Jun
2%
2
40%
132
.
prior preferred
50
North American Utility Securities——•
Northern Central Texas Oil
—-—S
425
,' 300
Jan
Feb
12% Mar
class A——*
*
North American Rayon
15,400
.
Apr
111%
■"
Jun
Jan
13%
■■■:■
Roeser
Jan
Jan
64 y4
92,900
5
——1
;
109%
'
'
Noma
17%
17%
—
87
Rochester Gas & Elec 6%
Fetif
450
17%
17%
5
Mines
/yyyy
—
1
Jun
37
•
Nineteen Hundred Corp B—-——1
Nipissing
Feb
~
•
Do
Rio Grande Valley
Jun
100
Stix
Richmond
70% Mar
2% Mar
yyy: 25
—•
Share Corp
9Va
.10
Reliance Electric
y 28% May
16%
—
Niagara
Jun
Jun
8% May
;y.y, —
.100
Manufacturing
Richfield
31%;' Jun
20%
35
107
-100
Niagara Hudson Power common--—10
5%
1st preferred—
100
5% 2d preferred
100
Class B optional warrants
1%
13%
18%
Co——.
Roller Bit
Rice
Jun
ioo
300
•
20
$5.10 pfd-100
Jan
Apr
15%
la
Packing Co. common
Reed
Jun
pfd
15% May
%
10%
19
Red Bank Oil Co
Jun
_
1
shares
Water
Mar
Mar
1,200
—
—
10
Raytheon
14% Mar
7%
Shipbuilding Corp—
N Y State Electric & Gas
Jun
1% Mar
5,700
109
Rath
11% Mar
May
8%
-v
80 %
35
12
40
73
107%
100
Raymond Concrete Pile common
53 convertible preferred
110% May
25%
10
Jan
•' K
R
Apr
Feb
48
-fa Jan
51
_
22,800
100
Railway & Light Securities
Voting common
—.
Railway & Utility Investment A
Jan
Jan
48
Jan
1
"
• .
12%
—
Radlo-Keith-Orpheum option warrant!-
2y2 Mar
16%
Merchandise
—
Jun
Feb
Jan
—
Rosar<o———10
Honduras
&
Y
N Y
common
'v-\
Jan
21%
City Omnibus warrants
Co
Jun V:'
:j 20% Jun
63
5%
17% Mar
14%
12%
Quaker Oats common
Power
190
65 %
Apr
19%
Jan
y i%'
1
V
Colorado—
preferred
100
5Va
6Va
Jan
31
100
16,400
12%
13
17%
6%
6,750
66
Jan
142 % May
13%
500
:
ll°0
•
Common
Quebec
■
Auction
17%
.
"X-■
1
1st preferred
Feb
80 %
28%
20 %
16%
•
Jun
25%
•
Y
,
17
17%
1
-
;
Gas
12 y4
107
20
13
28%
*
New Process Co common
N
130
137%
y
•
23
5
2,800
10%
26%
Land
& Arizona
Apr
78 % May
300
Inc
Jan
118% 123%
lioo
1
44%
Jan
420
17%
■
11%
Jan
77%
—
"25
Feb
64%
74%
16%
39
15 y4
24
—-—
—,
43
72%
Feb
Jun
Jun
4,100
77%
JL00
Juft
10
fe.
Jun
9%
y,"' 9
9%
*
Co
common
Zinc
New Jersey
9%
12%
«
England Power Associates—
preferred
*
preferred
6%
6%
110
110
~9%
——5
11
39
1% 1st preferred
Puget Sound Power & Light—
'
Neptune Meter class A
Nestle Le Mur Co class A
Jan
10
Co
Public Service of
_•
Nehl Corp
New
5%
110
.100
preferred—
x8%
73%
1
11
Co—
Nebraska Power 7%
Nelson
2
5%
-300
5,500
11
39% Mar
24
38
Radio
Union
National
6%
Mar
38
20% May
y
2
1
National Tunnel & Mines common.
6%
Apr
9%
Jun
11%
—50o
common
33% May
39% Mar
■
M
National Candy Co common
Jan
3%
Feb
22%
—25
—
4
62.100
10%
1
Jan
25,900
6%
Jun
3%
25%
36%
National Breweries common
7%
25%
Jan
37%
2,900
6%
v
$5 prior preferred
Jan
Apr
36%
5%
4
30
y
6%
Mining
May
2y4
25%
Jiin
»
Gold
Jun
19 y4
32% Mar
10% Jun
& Lambert
26
300
Jan
Jun
Jan
12,900
13%
Jan
7%
Jun
Providence
N
3
Jan
30
1,300
5%
_25
& Timber
Pyle-National Co common—
Pyrene Manufacturing
2%
11
350
10%
11%
Jan
Jun
2S
1,200
31%
9%
30
Puget Sound Pulp
•
13%
3i%
Jan
134
f:.-:y}-'
Nachman Corp
12%
9%
6%
May
96%
15%
15%
xl3
7.50
Prosperity Co class B
Jan
M&y
200
Producers
89
May
18
*
Pratt
Feb
.100
40
Jan
Power Corp of Canada
8%
Muskogee
Jun
Jan
11%
17
19%
Pressed
17%
Jun
35
7 2,300
.
72%. Jun
210
Jan
Feb
19
5%
Jan
Jan
151% Jan
12%
Apr
Jan
2,000
5.600
Apr
Jan
3
57
1,000
19%
9
131
5-
72%
4%
17%
28
10
Jun
112% Jun
107%
19%
Jan
800
115%
Jan
109%
70
8
&
Feb
400
Jan
160
112%
10
„
Jan
16%
Jun
112% 112%
71
Jun
3%
Alexander
Powdrell
Prentice-Hall
18
51% May
Jan
5%
Premier
15
...2 %
Mar
1%
Jan-
Jun
18
47
3%
Apr
300
100
7,700
9,000
May
24%
82
~5%
44
22%
/
Mar
J an
3%
72%
50
—
Jun
78
50
2%
50
,
Jan
8%
25
%
•
—
31%
Jan
5
81
50
1
'
42% Mar
Mar
40
100
47,100
"4%
22
17%
.!
Murray Ohio Mfg Co
Jun
~4%
193
129
Feb
54%
'
1%
Mountain States Tel & Tel
22
Jan
250
Feb
2%
Jan
44%
1
common
6y4
2,300
18%
30
1
RR—
24%
7,800
7%
xyyy ;/ yyy>-*:"
700
54%
.
2% Mar
Jan
21
"5
•
Ltd
Polaris Miuing Co
38%
25
2%
2%
Producers
179
50
;
May
112
•
common—,
18% Mar
Montgomery Ward A
Montreal Light Heat & Power
50
42
28
common
Scale
Pneumatic
Jun
12
12
Jan
81
Jun
4%
2%
A——
4 %
10 y4
preferred
Co common
preferred
pfd
:
Mines
& L
Bess
Plough
May
33%
3
112%
-
Feb
100
~i%
50
•
5%
Co
Pittsburgh & Lake Erie
Pittsburgh Metallurgical
Pittsburgh Plate Glass
Jun
x
4%
Muskegon Piston Ring
common
Packing
Jun
49
29
«
Feb
16
16%
9%
100
Pleasant Valley Wine Co
——
Jan
42
2ou
Co
Co
3%
Jun
8%
"7%
~8
•
;
& Power
Jan
27
100
54%
•
Pioneer
Jun
8%
20%
20%
•
>
Electric Power
Pierce
Jun
14%
49
•
Piper Aircraft Corp com_
Pitney-Bowes Postage Meter
76
Jun
Jan
8 %
*
com
Jun
115
Jun'
26
8%
•
Phillips
;/ 6% May
25
43,000
26
Co $5 series pfd_*
Apr
Jan
Jan
Jun
14%
x22%
1
35 y4
Jan
•
8% May
13%
13%
•
11%
Jan
13
100
27
Feb
8
*
Light $7 preferred
Mfg
■:
114
8.
1
Jan
Mar
68
106%
70
113%
27
6%
110
10
Jan
8%
27
12,100
76
5%
72
Missouri Public Servi-e eommon—.
'Mojud Hosiery-Co Inc—
Moiybaenum Corp
Monogram Pictures common
Feb
5.500
113
Power
Feb
30
113
1
Phila
May
39
500
.«■
3%
72
.
30
Jan
1,900
4
10
3%
pfd—
States
1,200
37
Mar
100
5%
Canada
& Mfg
26
28%
200
29
35 y4
3%
Mining
Mountain
109
Pharis Tire & Rubber
35 y4
Pwr & Light 1%
Mountain
May
Perfect Circle Co
Mar
16
12% Apr
35%
Minnesota
Montana
105
23
preferred
Philadelphia Co
Minnesota
cony
&
13%
2iya
Co—-_
Loan Society
Power
12%
Abrasive
5% %
30
common,.-
Penn
18%
Piping & Cupply
Mid-West Refineries
Monroe
Jun
105% 106
_1
$2.80 series preferred
Gas & Elec class A
Jun
3
19%
Midwest
Mining Corp of
Apr
38
100
...
Telephone
preferred A
12 %
common-——
Oil
Midwest
42%
Jan
•
Corp
Co_
20 %
5
preferred—*
$2 non-cum dividend shares
Co
Pen
$1.40
Feb
50
Motors
peninsular
5% Mar
Jan
Midland Steel Products—
Midi ale
Jan
36
Pennroad Corp common
common—..—'
Corp
Jun
38
Parkersburg Rig & Reel
Patcliogue Plymouth Mills
Jan
3%
15
10
Micromatlc Hone Corp
1
Middle States Petroleum class A V t c.l
Class B v t c
:
1
Midland
Jan
100
._25o
—
preferred
Corp
Parker
5,400
Michigan Sugar Co—
Preferred
West
Feb
~5
Michigan Bumper Corp
Michigan Steei Tube—
Middle
5%
~4%
'
_4%
—1
21
200
200
21
•
Apr
1,900
.-100
14% Jan
41%
38
common-
3%
5
—
preferred
Tubes new
Paramount
4%
-
1st
Jun
15%
Corp
Participating
17%
100
41%
37%
•
18 y2
4%
preferred
A
$1.30
-
Service—
Jan
15%
Messabi Iron Co__
Public
13%
1——
-
1st
3,400
Scott——_
&
Warrants
91
50
High
37%
Fantepec Oil of Venezuela Am shs
4%
Low
41%
21
Jun
144
Range Since Jann»*w 1
High
28
common
12%
160
125
125
125
Mercantile Stores common—
Co
12%
4,800
5%
5%
Can
5% %
Mar
95
'
Ills
Low
28
Pacific Gas & Elec
36% Mar
2,400
180
178
Jun
Jun
6% 1st pfd
preferred—
Pacific Lighting $5 preferred
Pacific Power & Light 7% pfd
650
15%
14%
14%
—.
Memphis Natural Gas common-
Shares
Jun
2%
7% Mar
45
•43
43
for Week
Par
12%
Mar
2,000
12 %
10%
10%
—
Co
6,600
12
Jan
2%
12%
95
$2.50 preferred
McWilliams Dredging———
Mead Johnson
8y4
1%
.
pfd- lioo
McColl-Frontenac Oil Co 6%
Corp
2
11%
Range
of Prices
Mar
29
Apr
11%
'
•
m
10%"; 12
10 %
nil
«—
Harris common-™.-,—-
McCord
21
«
Utilities Association v t
Massey
Last
High
Low
Sales
Week's
Friday
Sale Price
Exchange
Curb
Range Since January 1
Shares
High
•
Margay Oil Corp—
Marion Steam Shovel
Mass
STOCKS
York
New
for Week
Range
Par
ENDING JUNE 29
Sales
Week's
Friday
STOCKS
York
New
35
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4399
162
Volume
V<
-1
n
-
Curb
York
Low
Co
tjixex
Shares
High
Low
21V2
Feb
Apr
12% Mar ;?
Jan
36
3
525
25% Jun
32
14%
1
340
340
100
Manufacturing Co
3%
3%
Apr
16% May
Aircraft
Manufacturing
Co
Pa
Southwest
Pipe
4,000
7y4
Jan
14,100
2%
Jan
31/4
Apr
8%
8%
9l/a
3,700
7%
Jan
9%
Jun
5
5
5%
300
4
Jan
5% May
Royalty
Spencer
10
27
Co
31%
Tube
6%
~I%
1%
24 y8
26 Va
3,700
17
34 Va
36
1,650
27%
4%
4%
13
200
•
.
5Va
23%
250
2,200
~i%
108
108
.1%
1%
1 %
1%
140
.1
6%
36
Jun
24
1,900
%
2%
.1%
Jan
3%
200
6%
5,100
3%
6%
preferred
Feb
Corp
"7%
7%
7%
17%
17%
17%
2%
•
2 y4
2%
17
31
15% ' 17%
500
Feb
7%
Jun
Jan
181/2
Jun
3% May
Jan
12
Jan
17%
Jun
1,000
23%
Jan.
3iy4
Jun
19%
Jan
48
Apr
52%
We.ntworth
Swan Finch
Oil
51
17%
•
Corp
Va
Coal
Western
,17%
II
Electric Co
14%
Jan
20
Texas
Power
Texon
650
18 y2
1,400
11
su/ 6%
•
12 %
10 ya Mar
300
•
Light 7%
Textron Inc
Thew
Tilo
1
.:
Shovel
Co
Roofing
Tishman Realty
Tobacco
k
Tobacco
Stocks
Product
Tobacco
Amer
Edison
6 %
Willson
(R
Products
preferred—
Mining of Nevada..
Trans Lux Corp..
Trunz
:
Wolverine
Portland
—1
Corp
$5
of Omaha..
.100
Products....
...1
Milk
United
Molasses
United NJ RR
York
f
s
United
<
..10
—7
s
f
s
f
3%s
Amer
S
and
$5
1st
-
U
U
Gas
A Conv
deb
deb
1st
5s
Stores
United
Class
"5%
>
—
3,900
Jan
6% May
12% Mar
37/a
•
■*
1%
U' •'
l3/4
84
Universal
Products
Utah-Iaano
100
For footnotes
l3/o Mar
6%s
Inc
.1962
43%
99
108 V4
82
J-D
Rys
ctfs
5s
B
«,Jan< 1966
5s
;
:
105%
15
108 J/4
180
;
114
104%
V
M-3
5s
.1958
104
$105
A-0
85%
155
59
155
i:
y, 63
85 V2
A..
90%
101%
•6
103
103%
:
Ay 104 %
;
105'%
58%
58
112%
102%
21
W.
;
106
103%
1053/4
103%
106%
104%
123
105%
104
1053/4
1043/4 105%
105
180
110%
;Iif:
104% 104%
82%
84%
$102
103
113%
121
170
1
180
$112
—
...
111%
319%
2
111% 111%
$119
122
111%
A-0
.1970
2%s
Debenture
1% May
86
Jun
Consol
112
May
3%s
117
117
117
111
May
/
117
Jun
Jan
f
X2
Jun
2
.
V-
5
■
5,700
5%
4%
45%.
'
40
,
x2
1%
45%
1%
—
^
500
/-■:
:
...
9%
9%
10%
2,100
14%
14%
14%
100
Jan
35%
■
4,700
'• r
1%
4
18,000
46%;
1%
•/v.
,
53/a
.
Jan
Feb
59% May
1
Jan
12
Apr
15
Jan
12% May
12% Mar
14% May
7%
2
:
'
Apr
8%
9Ya
5,200
53A Mar
3%
5%
,
3%
4
2,100
23/a
5%
series
Jan
•
;
ref mtge
1st
ref mtge 2%s
106%
Jun
73/8
Jan
8%
Jun
100
7
Apr
59
Jun
14%
33,500
100
93A Mar
22
Feb
M-S
2030
1956
N
1961
14%
Jun
General
26
Apr
Pub
Serv
Jun
Jun
Grocery Store
2414
25%
300
20
Jan
26
Jun
Guantanamo
12%
11%
13%
14,300
Jan
13% Jun
14% Mar
7%
7%
286
286
2%
2%
100
10
1,900
19
44
Jun
89% Mar
6%
275
Jan
Jan
1% Mar
May
71/2
286
2%
11%
Jun
Jun
Jan
Feb
9
Mar
1
11%
11%
13%
6,700
8
14
14
14%
1,000
1%
87%
87%
2
88%
1,900
150
Apr
8'% Mar
131/b
1%
Apr
13%
1st
1st
Jan
Jan
2%
Feb
Jan
83
91%
Feb
8
400
4%
Jan
9% May
3%
3%
900
1%
Jan
4
2%
2,800
4%
5%
11,400
..10
1614
5%
300
-30
4%
2,800
24
10
•
16%
6
24
100
30
30
5%
4%
4%
106
86
75%
45 Va
59
48%
..60
1013%
79
.
107
85
85
50%
103
104
—
108
124 Va
30
107%
<—
803%
124%
A
.
85
'
105
J-D
J-J
■
■;
/
$43
'
J-J
■:
F- A
A-0
i-"
•fp
15
1043/4
107%
104
107%
r.
\'
■'
45
■
1063% 1063% ■•'
101
101
76
$105%
—
$105%
A-0
101%
v'A-
107
76
76
—
A
.
1
105'%
-'1
„
iy
A-
89
103%
A—
1063% 107
$104
,•
1063%
J-D
-Jan 1949
77
28
$102'% 104%
J-J
—Jan 1949
1
ZZ
105% 1053%
Va a
67
102%
45
106 3%
104'%
77%
1043%
__
—
92
1063%
"
106
1043%
105
Yi Jan
4y4
Jan
2% May
51/4
Feb
241/2
12%
16% May
Jan
4% Mar
2iya
6%
Service
102%
A6%s
A7a
coupon)
5s
—
6s——.—
Superpower
6s
Jersey Cent Pow & Lt 3%s—.—
Kansas Electric
Apr
Power 3%s
Kansas Gas & Electric 6s—
<fe Light 3%S
Kentucky Utilities 4s_.—_—
Superior Dist Pow 3%s__
Lake
103
102% 103%
17
103%"
103% 103%
19
102 Va
105%
103%
F- A
104% '
104% 104%
3
102%
104%
106
3
106
109
54
10
30
51
53
33
52%
52
54%
53%
52 Va
54%
52
53%
12
31
54
100% 101 Va
67
97
102
24
71
90
106
M-N
52
J-D
53
F-A
'52 %
J-J
1952
1957
..1952
j-J
100%
J-J
86 Va
—196b
J-J
JL965-
M-S
'
54
37
541/2
17
31
53%
-4
37
86%
88
52
106%
55
28%
9
53%
19
37
106% 107%
31
106
55.
61
107%
1966.
J-D
105%' 105%
104
105
116%
120
110
112
107%
105%
1073/4
$106% 108 %
106%
106%
102
104%
..2022.
M-S
$119
—1969
J-J
tllOVa 111%
120
.1970
1966
J-J
$105
A-0
1948
F-A
$103
1963
A-O
Feb
Jun
Midland
4%
M-3
J- J
coupon)—1957
—1952
1941
Power
1957
1950
1963
1970
—1959
coup)
1955
.—1957
F—
(July
Debenture
Altallan
—
1941
series
Interstate
1941
E
(Aug
A7s
1
(Dec
series
31
Jan
Mar
—
C
series
A6%8
A 7p
McCord
3
5s—
P & L 3%s.
{International Power Sec—
Jun
'26
v
5s
& ref
lien
24
50
'
ref 5%s series B
Feb
18,800
Co—
Power
&
Jun
18% Mar
•
6s
West
Indianapolis
Jun
20%
2
~4%
&
B
series
Illinois
May
8
50o
Prod 6s
Hygrade Food 6s ser A
14%. May
1%
103%
Jun
Jan
Feb
9
.
124
45
$127
J-D
1958
Pow 3%
Green Mountain
%,
46,800
120%
101% 101%
107%
A-0
1953
stpd
Power 5s
110%
—
1948
1950
1950
1963
5s
West 4s
Apr
19
5
45
101%
■
F-A
1969
1953
A
AGeneral Rayon Co 6s ser A
Jan
1,800
_2
3%s
Power
Gatineau
951/2
17%
105%
124
Residential Mtge Bank—
3/64
~3%
5s
& RR 5s—.
stamped
5s
60
9%
103%
75%
M-S
Light
81
Power
B
ser
Water Lt
Feb
71
"I
46
34,500
110
1
% "-t
104% 105%
*
76
M-S
4s
mtge
7% May
13%
•
105
Jtf-S
Finland
6%
300
12
•
F-A
__
—1993
.1993
Elmira
7,400
25
110
109%
105
124
V'i
(Bait City)—
mtge 4s ser A
V*
1
A-O
—
106%
105
$106% 109
J.J
..
of N J Division—
Lackawanna
Electric
7%
11%
106%
108%
Delaware Lackawanna & Western RR—
Feb
7
4% Mar
2
1053/4 1053/4
$107
J-D
.1976
.1958
Q
Continental Gas & El 5s
Jun
12
Securities.—
.1969
P
ser
4%3
Gen mtge
110%
7%
ser
Consolidated Gas
A
18%
J-D
(Bait)—
.1954
3s
1st
4
6%.
.
^5
13%
A-0
.1971
& Pr
'
f
10
7%
"•
'
.1969
Lt
N
Jun
7
',
'/
El
Gas
2
104
104
Eastern Gas & Fuel 4s ser A—~—1956
8%
-
5s__.
Debenture
Jun
Mar
1
Q-F
F-A
71%
50
page 37.
M-N
.1950
107 Va
81
8
see
Ay: 29
106% 106%
:
J-D
.1998
5s
10
Apr
Co
.1957
B
deb
410
Feb
Himar
27
"
.1960
Service
Cities
85
44
Insurance
43%
42%
,102% 103%
1023/4
'
29
38%
<f: 39%
M-S
6s
Edison
series
6s
110
74i/4
•
Universal
1964,
C
{AChicago
133/4 May
430
Oil
M-S
156
A-0
2,125
B_.
—.1959
43%
41%
38%
.1955.
451%
Universal Cooler class A
F-A
%
of Canada—
Steel
Kansas Power
Universal Consolidated
39
5 A Central States Electric 5s..
65% Mar
77%
,
42%
A-0
29 V8
72
42
J-D
76%
common
29
1968
/
.1952
45%
Wallpaper, Inc
42
121
39
y 39
Cincinnati St Ry 5%s A
45%
common
United
29
83%
76%
Reclaiming
21
39
_
5%s A
series
5s
M
series
Bethlehem
101%
41
40%
40%
' '•<
39
City Elec 3%s
Telephone
Z-
•'
F-A
5%s
aeb
T & T
92%
167
1977
._
123
iiiy4
129%
99% 101%
J-J
1950
5s
deb
A Conv
1949
4%s
5s
A Debenture
1033/i
1
129
M-S
1093/4
100
"
Co—
4%s
A Conv deb
129
J-J
110 Va
108%
10
5101% 102
101%
108
107%
;
5
109%
A-0
1953
Elec
109
1948
&
J-J
2024
4%s
J-D
Jun
common. -25
class B
Rubber
1961
-r 7
34 •••■';;■' .V' 105 %
:
■
83
"i%
'
109% 109%
108% 108%
1970
Paper 6s
Elec Pow 3%s
Elec
{Associated
303/4
Jan
High
104
106%
$107% 108 %
J-J
81
..10
preferred with warrants
6s
81
■;
S Radiator common
S
*leb
Appalachian Pow deb 6s
Associated
Indiana
regis
International
J-J
2016
Writing
Jan
Jun
Low
IOP/4
1
102% 102%
102%
-
M-S
Lt
Appalachian
A 7s
U
1960
debs
&
Bickford's
38
United Specialties common...
Graphite
J-J
deDs
Pow
Boston
-28
Foil Co
NO.
low
"
33/4S
Amer
Jan
86
Preferred
S
January 1
High
83
.250
S
Range Since
Sold
Friday's
81%
.
May
4-A Jun
Bonds
or
81%.
61
15 '
Bid & Asked
Last
M-3
26
Feb
Jun
12% Feb
-
Week's Range
Friday
Sale Price
M-S
.100
U
Jan
4%
Interest
Exchange
......1990
24%
& Canal
U
Curb
debs
Great Nor
Profit
■10%
Jan
3
4%
A
J-J'.:
37*
Sharing.
preferred..
Shoe Machinery
United
11
6%
11%
"
8% Mar
■
2%s
Jun
121
Ltd—
Amer:dep rets ord
4
.1954
300
preferred
Co
300
V 20,300
AS:
Jun
Gas & Electric Co.—
American
9%
$ 12%
27,700
Products
participating
•
■>•■
6s
$3
receipts
.1948
110%
United Light & Railways—
14:
111%
Jun
'
Jun
;
~
■
United
xio
300
.1927
•
common.
United Elastic Corp..;
.United Gas Corp common
1,400
Jun
—-
•
Stores.
600
10a/4
Jan
warrants
corp
103/4
10%
12%
•
...
preferred
Jan
~6%&
10
10
Apr
-10
Canada
Cigar-Whelan
'
United
5
"5%
-10
Feb
Jun
11
Jan
'Jun
14
Cement
deposit
Grand Trunk
United
6
110
_
7%
■
.10C
Manufacturing Co
Aircraft
13
Period
110.
•
Udyllte Corp
Chemicals
Jan
BONDS
Feb
Jan
U
United
15% Mar
6,900
84%
1
preferred
United
Jan
Ltd-'
(F W)
New
1st
Union Stk Yds
13 V»
113/4
—1
of
200
10%
—
—
Investment Co.
Jan
153/4
14%
—
Gas
153/4
38
•
Union
Feb
15%
ll'/a
■
Jan
1%
Union
Feb
14%
21
'''
Jan
•
Realization
19%
Feb
15% Mar
•
__
Wright Hargreaves Ltd
1st
Ulen
May
12
•
...1
American
19
100
400
'•
—2
Woolworth
"
13%
16%
pfd_. .100
Petroleum
Jun
164
16
'
■
Unexcelled
39%
Jun
9%
—_—
convertible
80c
Apr
39 %
•
Light 7%
Woodley
Conv
1
Tung-Sol Lamp Works
30%
Jan
3,000
warrants
Inc
7%
33%
Jan
'
Oil Co
Tri-Continental
Jun
27%
•
Tonopah
Transwestern
Feb
28
.111
Winnipeg Elec common B
81
Jun
275
14%
~5%
.100
....
4;
Inc
Power
Feb
May
14
13%
..10
Co
Wisconsin
6%
113
135
)
Corp
&
-Z
■
::
Jan
200
•
37
303/4
'—Li'.
#
7%
Mfg
C)
Jan
9
28
..10
Williams
Jun
May
35
28
Inc
Oil
4%
'/
Mar ^ ■
111
30
Jun
14
1st pfd__100
& Stationery com
River
Jan
-
4'/a
2,600
20,400-r v.-
f
29%
'> Jan :
Jun
Jun
114
12%
36
-100
preferred
5%
113
113
12%
'
Shipyards Corp
Toledo
18
5%
53/4
•
6
Westmoreland
Apr
25%
Jan
6%
/Eg'Z
•
L'.
3
400
13%
-,
Exports
Jan
116
600
900
27
'
Security Trust Co Ltd—
dep rets ord regis
dep recs def teg
Amer
Todd
Allied
J an
20% Mar
70
8%
2,050
4%
34%
32
1.28
Coke
29%
:
4%
4%
35
10%
■
11,700
8Va
y 13%
1
A Construction
25%
26
27%
1
.
8
14%
Mar
35
8
common
Inc
200
233/a
120 Va 120%
8%
5%
273/a
3,100
33%
21%
21%
ZlOO
pfd
7
33
;-■■
•
'
Oil & Lhnd Co
&
17
..20
Feb
52 V4
10%
S
common
common
•
Coal
Bell
Technicolor Inc
A
Mills
Shoe
8% May
Jan
Jan
Maryland Ry 7%
Wichita
5
400
300
Mar
&
Western Tablet
Atlantic
Taggart; Cnrp r.nmmnn
73/8
14%
10
Westmoreland
Assoc
Tampa
7%
Manufacturing
Utility $6 preferred
Texas
A Conv
51%
Jun
133/4
•
West
Portland Cement—
•
14 y4
107
clans
Knitting
West
Jun
■
Jan
111/4 Mar
800
9%
100
Class B
251/2 Mar
1
i
Feb
1%
Apr
12%
141/a
Co...
Bond
&
Wayne
Jun
6%
5,300
'
31
31
Apr
821/4
Jun
131%
preferred..
Waitt
Feb
141/4
14
300
*•
16
Jan
3%
4,400
6%
Jan
9,300
L.
May
4% May
400
,
Apr
11%
.900
•••
5%
8
Co
14
13%
5%
_•
common
7%
541/2 May
15
13%
Jan
54
11%
Jun
20
3
180
79
10%
Wagner Baking voting trust ctfs ext.
Jun
13%
65
Jan
Apr
53 y4 Mar
80
4,400
5%
77
10%
w
Aircraft
3% Mar
Jan
22%
800
Jun
98
-
Jun
16% Mar
11%
Jan
Jun
7/b
10%
11%
Jan
i
Jun
•
11%
Jun
10% Feb
31/a Mar
16% May
61
____1
80 Va
.
Jun
Jan
%
Jun
145
Jan
92
25
77
preferred
Petroleum
Manufacturihg
Waco
Jun
1%
Jan
204,000
Jun
20%
114
Jan
1%
3,600
98
4%
4%
common
nonvertlnle
Woodall Industries Inc
5'/4 Mar
Jan
A
"
6
1
Jan
11%
%
'
-
Jun
Jun
5
Tff
105
Feb
27
Jan.
108
130
16%
3%
—1
Feb
1%
Jan
Jan
3,700
\
'• 143
16
16
Feb
6%
Mar
21
61,900
Jun
7
v
18%
100
1%
■A 64
Apr
3% Jan
2,600
1
common
$4
Venezuelan
Weyenberg
Jan
5
vi%
20 %
B
Feb
Jan
4% May
100
23 %
"A" part
"B" common
Class
•
10%
x51%
4,100
'20 V*
Machinery
$3.30
6%
5
Jan
14%
34%
•
Superior
Va
11
•
Stores
Ray Drue
Jun
2% May
Jan
9V4
%
24
1
Sun
6
23 >/2
common
(Hugo)
Jan
12% Mar
360
64
5
•
(S) & Co
?. T%
300
20%
Co
class
3iy8
29% Mar
,
300
13%
61
1,
1
Hr.innes
ioy4
10
100
Sterling Brewers Inc
Sterling Inc
Stetson (J B) Co common:
Sullivan
700
.
12%
Corp voting trust ctfs—1
Co
&
31'/a
f|2% ><*1,500 ;
10
1
20
Sterling Aluminum Products-
Stroock
30%
-VA
•
(The)
2d
31% May
31 y8
2.78
1
10
1st preferred
5%
Jan
——••
pfd
(Ohio)—5%
Sterchi Bros
6%
30 y4
50
Co..
Products
(Ai
400
Jun
Steel Co of Canada
,
31%
Jan
Standard Silver Lead..
Pt.ein
31 %
96 y2
Preferred
Standard
May
1341/2
Common class B
Starrett
46
Jan
Standard Power & Light
'
Jan
Jan
convertible preferred...
Oil (Ky)
Standard
41%
Apr
Standard
>
Feb
80
8%,
preferred
Standard Oil
32
42%
81%
Standard Dredging Corp common
$1.60
May
42%'
134%
Standard Cap & Seal common
Convertible
Feb
42%"
•
Brewing
Standard
49%
Jan
100
—
Inc
Stahl-Meyer
42%
800
;
(A G) & Bros pfd
Snoe Corp
Spalding
46%
Co
Line
Pipe
Southland
46%
3%
98
9% Mar
3%
46%
7% Jan
Jun
9
Telephone__100
10
10
8
—
Phosphate
Southern
22
Jan
8%
3
..1
..
Line
Edison—
England
New
10%
19,200
8%
3%
28
preferred
7%
22
19
19%
23
original'preferred—
23
6% preferred B__
—
5Va% preferred series C
.
25
Southern Colorado Power $lass A—.25
Southern
Apr
Vogt
5%
Southern
113
_1
..
common
California
Southern
common
Oil
Penn
Feb
Jun
..1
-.
Corp—
Coast Corp
South
110
10
4,100
10
3%
3%
1
i.
High
Low
65 y4. Jan
Jun
6*4
1
Manufacturing
South
370
Jan
9%
950
79'/4
Jan
Corp
Co..
-lOo
Utility Equities common
9%
.»■
Range Since January 1
High
77%
Mar
6%
267% Mar
260
111% 111%
..1
Solar
Solar
Boss
358
i
47/s
regis
£1
Sioux City Gas & Elec 7%
pfd__—100
Smith
(Howard) Paper Mills
-•
rets crd
dep
Sonotone
1,100
Low
77%
—1
Radio Products
Utah
Co Ltd—
Manufacturing
Amer
3%
Shares
preferred.
$5.50 priority stock
•
preferred
.
Simplicity Pattern common..—.
convertible
for Week
Par
Utah Power & Light $7
Simmons-Boardman Publications—
$3
Sales
Range
of Prices
Friday
Exchange
High '■
'
Jan
20 Va
•
141/4
Curb
Range Since January 1
0\.:viv.
20 %
•
common
York
New
•
Ltd
Breweries
Slck's
for Week
of Prices
Sale Price
Par
Canada
Sherwin-Williams of
Week's
Last
Bale Price
Sales
Range
Last
Exchange
STOCKS
Week's
Friday
STOCKS
New
Jun
Corp
6s
stamped
Valley RR—
at 4% to
Extended
77
104%
78
64
78
ri
/
1
w,,
.
„
,
'
"v -
,
"T.-r-'V•vt;-xH;v--/v;'u',■-""■»^:^:i■'-v-»r?**«*V'">l--'?V!"^."-'^<-:•wp-WiS1 ■ ■#•''v"-5■..wiiT«!.-4itrvJ-..=.'.'.s,w;^»si*■-:»;i'-r-".1-f■«*i*.'-i-i■ JJ!.:U^liniwr•
,,
THE COMMERCIAL &
Number 4399
162
Volume
;y
iiiy-
<,
FINANCIAL CHRONICLE
EXCHANGE
NEW YORK CURB
Period
BONDS
Week's Range
Last
Interest
Exchange
Curb
Friday
>■
BONDS
York
New
JUNE 29
FOR WEEK ENDING
RANGE
Sale Price
Minnesota P & L 4%8
ref
&
1st
5s
Nebraska Power 4Vis
3-J
J-D
& Power Co—
5%s
1959
A-O
S.'w
(Delaware)
6%s_1952
A-O
—
Electric
United
Light
109
12
106
114
117
115% 115%
United
'
Amsterdam
New
Gas
J- J
1948
1947
5s
Gas & El Assn 5s
New Eng
England
New
1950
92
M-N
1961
M-N
5s
3 Vis
Power
78
937/b
21
91 Va
3-D
deb
Conv
94%
93%
74
91%
MS
$107% 109%
110%
108%
1
•
6s
88%
95%
A 5s
•
108
Y
N
Ltg 4s
Westchester
&
2004
51
3-3
.
Water
9
1st
Service
&
Power
Light
5s
1st
Elec Power 5%s
Rapid Transit 6s
Philadelphia
6s
M-N
107
u-
$107
Portland Gas & Coke
stamped
5s
6%
108
Estate
Counties
1st
Gas
106%
107%
106
109
103
106%
158
151
105%
104%
107
106 Yi
$126%
—
$99
127
90
99
M-S
A-O
106
107%
105%
106% 106 %
109%
106
106
$104
J-J
F-A
City
100%
99%
.5
101%
Week's Range
.Last
Sale Price
or
5
Bonds
Friday's
Bid & Asked
Range Since
Sold
Low
January 1
No.
[Low
High
'
r4
63
$66
■
J-D
31
$
65
■
29
31
28%
32
1955
1953
M-N
88%
90
76
90%
F-A
90
90
1952
3-J
30
30
19
37
109
90
'
IV
M-S
1958
20
20
16%
20%
M-N
6%s stamped_1958
(Peru)
7s
45%
45%
38%
45%
36%
36%
35
36%
J-D
M-N
(State)
AParana
100%
108%
104%
109
100
103%
ARio
ARussian
2022
M-S
M-N
103 V*
103% 103%
May 1948
May 1948
A-O
A-O
103%
103% 104%
96%
103 Va
103% 104 V*
96%
105
103 Va
103% 104%
96 Va
$48
45
45
46%
49
Z
J-D
$17%
22
22
22
J-D
83%
86
75
86
1958
M-S
$45%
49
38%
46%'
2008
1959
M-S
44
45
37%
46
$37
39
36%
37%
7s
Stamped pursuant to Plan A
Interest reduced to 2%s
105%
'k
$48
A-O
—1947
1947
AMortgage Bank of Chile 6s—1—1931
Mortgage Bank of Denmark 5s
1972
89%
109.
M-N
Mortgage Bank of Bogota—
A7s (issue of May 1927)
A7s (issue of Oct. 1927)
106%
$107%
1989
«
*-
105%
.
.
Dec 1 1966
J-D
103 %
103% 104%
96%
105
1957
F-A
103%
103 Va 104 Va
96%
105%
1957
F-A
103%
103% 104%
96%
105%
1950
A-O
6s
AStarreit Corp lnc 5s
80 %
J-J
J-J
44%
44%
A-O
44%
45%
9%
9
9
1919
1921
6y2s
:
5%
22
5%
10
9%
4
21%
'
♦No par
58
45%
sale,
Cash
48 4:
27
r
81
30%
80 %
80%
Government
A5%8
>
6s
debentures
6 Vis
Janeiro
de
Stamped pursuant to Plan A
;
Interest reduced to 2%
—2012
Debenture
Light
$100
__
$66
105%
J05
107
100% 100%
100%
F-A
1970
F-A
&
105
...
92
101
1-951
Power
100 Va
—
-
96
"
~
99
99
109
126
107 % 108
107%
6s
Standard
105%
$100
•
^
Friday
Stamped pursuant to Plan A
Interest reduced to 2 VaS——2008
AMeaelhn
7s stamped
1951
Debenture
gold
119
101
„
Standard
6s
116%
104% 104%
'
—
Interest
5s
AMaranho
1951
5s—
Gas St Electric—
(stamped)
Conv 6s stamped
.
3-D
Exchange
Curb
5%s
Extended
158%
105
1971
Rys 4s_>
Southwestern Gas & Elec 3%s
Southwestern P St L 8s—_
6s
3-D
,
—1947
Danzig Port & Waterways—
A External 6Vas stamped
(Calif)—
mtge 3s
Indiana
(A G)
/V
7s
7s
20-year
Danish
157
1970
Southern
Spalding
i|
116% 117
—
i\
-1937
stpd
April 1948
:
A 20-year
Jan 1947
Bogota (see Mortgage Bank of)
ACauca Valley 7s
1948
102%
1965
Edison 3s
California Gas 3Vis
Southern
J-D
F-A
,
Agricultural Mortgage Bank (Col)—
101%
M-N
1951
.
Southern
110
\
109
101%
1951
California
Southern
69%
109%
105%
1
104% 105%
1952
6s
Scullin Steel lnc mtge 3s
53 %
108
109
High
101% 102
107
—
Joaquin Lt & Pwr 6s 3
Real
1960
>.—1959
5s_,
Period
ALlma
ASchulte
109
111
102% 103%
Queens Borough Gas & Electric—
5%s series A
1952
Safe Harbor Water .4%s
1979
San
66% -69%
$107% 110%.
V
—
Union—
5s
York
New
Jersey—
certificates
perpetual
66%
BONDS
109
106%
1964
1949
Sinking fund deb 4s
Service of New
Public
116
:
3 Vis
1st mtge
116%
116
J-D
A-O
109 V2
107% 108
101%
112%
115%
'
■-
Foreign Governments & Municipalities
109
109
M-a
Rys Co
72%
106
107
110% 111
3-3
1964
f debentures
s
108
105
M-8
1950
1959
Public Service Co of Colorado—
t.
116
M-S
1954
2030
Newspaper
105
■:
Co—
extended
4%s B
(Can)
Corp
AT-N
3%s
Traction
Penn
conv
A
Power
106%
110%
102%
F- A
1972
1962
102%
109%
63
$108
3-3
102% 102 IS
;
.
107%
(103
11
107
109
101%
•
103
'
F-A
5s
AStamped 5s
105%
106
108%
$105
3-D
98%
106
,v.
7
105% 106
M-N
1979
Pennsylvania Water St Power 3%s_1964
3%s
-—1970
Philadelphia
Western
72%
72%
1977
_
6
i03%ib4%r
104
1955
1964
5s
Central Lt St Pwr 4%s
Penn
West
103%
92%
__
$102% 103%
1948
Park Lexington 1st mtge 3s
107%
$107
108 %
105% 106
1962
4s
Oklahoma Power & Water 5s
Pacific
105
109%
24
98%
107
107
1968
1971
3s
mtge
Public
Ohio
98
3-3
redeemed) _1948
-
1st mtge 3 Vis
Ohio Power
-
(8%
A5Vis series A
>
lu8%
111 !
$103% 105
7./V-
>2022
High
106
4
:
110% 110%
104
1A York
North Continental Utility Corp—
|
January 1
Low
110
107%
107
—
—
(
dsbs—;
Power
Penn Electric
107
101%
,
1952';*"."
—
Range Since
Sold
No.
Low \
110% 111 y8
'
Railways (Maine) —
A—:
income
Wash
102%
—
,
101% 103
102
101%
32
$105% 109%
M-N
1964
104
102 Va
102%
1954
Elec & Gas 3%s
102% 103 Va.
103
A-O
1948
England Power Assn 5s
Debenture 5 Vis
N Y State
St Rys
Lt
series
West
Net?
& cons
Bonds
Friday's
Waldorf-Astoria Hotel—
95%
88
107%
__
4s
J
Utah Power & Light Co-Debenture fls series A
95%
88
N
United Light &
;
108% 108%
lien
1st
108%
4
107% 108
M-S
Edison
United
106
103%
10
■
J-D
2022
A
series
6s
'i
103 Va
103 %
J-D
101%
6
102% 103 y4
102'/a
3-D
v'
1968
1949
3%s
Toledo
7
or
Bid & Asked
High
108%
105
3
106 Va 106%
M-S
1967
1978
1955
1981
Gas Light 4%s
Milwaukee
Last
Sale Price
High
Low
•
Week's Range
Interest
Exchange
Curb
January 1
No.
Low
High
York
New
Range Since
Sold
Bid & Asked
Friday
•
Period
Bonds
Friday's
or
n
e Odd-lot sale,
d Ex-Interest,
value,
a Deferred delivery sale,
x Ex-dlvidend. '
n Under-the-rule sale,
sales being transacted during current week.
$Priday's bid and asked prices; no
ABonds being traded flat.
s
§Reported in receivership.
(Hugo) Corp—,
stamped
—
A Certificates of deposit
Stinnes (Hugo) Industries—
A7r4s 2nd stamped
...
Btlnnes
-1946
A7-4$ 3d
1
...
'
Abbreviations used above—"cod,"
4$
i
1948
certificates of deposit; "cons," consolidated; "cum," cumula¬
"conv," convertible; "M," mortgage; "n-v," non-voting stock; "v
when issued; "ww," with warrants; "x w," without warrants.
tive;
5
t c," voting trust certificates}
"w 1,"
OTHER STOCK EXCHANGES
RANGE
FOR
JUNE 29
WEEK ENDING
t
Last
)
'V''
-
*1 * v
"1
«''
1/
"r
•'
8TOCKS
Week's
Range
for Week
of Prices
Shares
Sale Price
Low
Par
—
•
—
22%
21%
22%
3,115
6%
6%
6%
•
100
37
37
39%
Consol Gas E L & Power com
—♦
77%
77%
78
Preferred
t
v
v
c
Chemical Co
Davison
16
1,445
t c
common
Eastern Sugars Assoc
-
1
common
vtc
17%
17%
1
Fidelity & Deposit Co
Fidelity & Guar Fire Corp
12%
2.75
Jun
20
Feb
40
Jun
85
69
Jan
78
Jun
17%
350
17%
200
12%
166
55
56
/
■
6
56
55
7
Apr
Stamped
Jun
677
: :
166
20
10
v
22%
Jan
Jun
Boston
Personal
12%
Jun
Boston
&
Jan
155
Jan
166
46
Jan
56
\
Guilford Realty Co 6%
Oil of Texas
Houston
pfd stamp-_10o
6%
Monongahela West Penn
prefered
1%
Mt
i
Vernon-Woodbury
Preferred
,
Jun
pfd vtc
25
Serv— "v.
25
28%
31
Jun
30
Apr
Copper
31%
Feb
Eastern
120
27%
150
28%
30%
30%
Jan
Cliff
Mills
Water
n
fl
106%
2
,
^
250
3%
33
87%
28%
76
26
13
106
28%
;;
:
106 Va
12
100
Oil
Co
Power
&
:
13
Jan
106 Va
Feb ;
/ "29
Mar
Jun
40c
♦
;
,
40c
72
72
H
44
50
45
25c
100
40c
72
25c
common
Fidelity k nmtP
Transit Co 4s
1975
—1975
1975
A—
series
5s
18
High
:
Jan
90
Apr
Jun
288
10
Apr
16
547
10 y4
Jan
17
Jun
17
540
HVa
Apr
17
Jun
18
1,413
10 y2 Mar
18
;fJun
*
16%
17 *
529
10 y2 Mar
17
20%
22
234
14
Apr
22
13%
Jan
I6V4
Mir
41
Feb
57%
Feb
15%
54
15%
100
54
—
57
443
10
21%
7%
21%
Jun
9
B--~
Feb
Apr
16%
86
Jan
24%
Jun
Apr
90c
Jan
65c
206
80c
80c
■V
Jun
6%
337
23%
6%
Co_—25
Range Co
—•
Gas &
6%
8%
8%
500
8V4 Mar
9 % Mar
2%
2%
100
2%
Jan
3%
i
63%
20
38
V-;'
40C
Jun
: 72
Jan
Jun
Jun
•'
84%
86
88%
89%
100
100
70%
V, 7,550
76
Apr
1,500
100
Jun
86%
Apr
$22,500
;
Jun
103% Jan
.100
Mass Street Ry
1st preferred A
$2
National
95
100
78%
Feb
95
Jun
55%
57%
650
47%
Jan
59%
Apr
Apr
4% Mar
155
96
Jun
109
Feb
86
135
71
Jan
87
Mar
18'
915
14%
Jan
21% Mar
101
85
.100
17
101
3%
25
3%
3%
98
.100
May
14
Jan
May
40%
Jun
12%
1
12
40%
38
34%
35
31%
Jari
36
26%
26%
16
Jan
27%
Jun
46%
—
127/8
40%
lnc common
preferred
Employers Group Assoc
Engineers Public
Service
First
94%
55%
47%
42%
Jan
51%
Jun
42%
SS Lines
conv
94%
common-- .100
.100
preferred B
pfd adjustment
-5 %
Apr
.100
6%
-
Jun
91
;
6%
Jun
45%
Mar
Fuel Associates—.
preferred
Eastern
series
„
6%
4% % prior preferred
Jun
-
5s
17
:
—5
Hecla
Common
Jun
BondsBaltimore
Low
60 V4
1,496
v'.
30%
100
com
Casualty
American
Penna
80%
15%
15%
__
85
15%
16%
16
.
Mining
Eastern
North
_*
100
Trust
Service
94
Jun
&
Calumet
Mar
91
10
.
Prop
Providence-RR
15%
80%
Pub
....
New Amsterdam
94
94
Range Since January 1
*■
Jun
Cities
*
;
17%
Jun
,'V 8
•
100
____100
-100
8% class B 1st preferred----—100
Stamped ii
100
7% class C 1st* pfd stamped
—100
10% class D 1st pfd stamped—-100
High
Low
'
Arundel Corporation
Bait Transit Co
High
RR—
prior preferred
class A 1st preferred
7%
Range Since January 1
High
Maine
&
Boston
5%
ZZ'ZZ
Low
Sales
Friday
Last
^
Range
of Prices
For
•?
"
Sales
for Week
Shares ;
Week's
Friday
Sale Price
STOCKS—
Baltimore Slock Exchange
44%
—
46%
Stores
Apr
•
-v
-*
Electric
General
■
Gilchirs.t Co
Gillette Safety Razor Co
Boston Stock
Friday
Week's
Range
for Week
Sale Price
Por
Amer
Agricultural
American
Sugar Refining—.
American
Tel
American
Woolen
Anaconda
&
Bird
&
25%
50
«...
491/4
30%
491/4
18%
29
34%
36%
148
Herald
;»
footnotes
see
Corp
page
44.
30%
7
46% Mar
10
176
2%
38%
29
Jun
Jan
36%
Jun
5%
29
600
Mass
10
140
41
41%
3,326
78%
81
1,016
29
29
310
130
230
17
115%
37
69 Va
'
Feb
9 '/4
common
Central RR
11%
common
58
preferred
*
•
2%
"•
Jun
Jan
Jan
17
11%
12%
310
57
62
325
2
400
1
Jan
30
105
Jun
15
15
16%
19%
18%
21%
31c
Narragaftsett Rac'g Assn lnc
Jun
Nash-Kelvlnator
Jan
42%
Jun
National
81
Jun
29
Jun
Service
England
2%
40%
6%
—
Cos
31c
31c
44%
45
Gas & Elec Assn—-
preferred
—-.
355-'
200
60
Jan
41%
Jan
64%
62
-793
Feb
5%
r
20%
131%
5%%
Jan
Jan
18%
69%
149% May
•
Jun,,
1%
9 V4
69
Linotype
Jan
New
Jun
16
Apr
35%
600
40
X105-
Jun
15
15
46
2
44% May
16
17%
40
Xl05
Valley Ry
Jan
Jan,
23%' Jan,
17%
Feb
Mar
13% Mar
18%
Util Associates vtc
Massawippi
14
22
287
46
Theatres—
Boston
Mergenthaler
20%
(Del)
preferred
Maine
Jun
Jan
131%
.*
55% Jan
Jan
9%
20
78%
6 %
Loew's
Jun
156%
130
41%
30%
1,514
20
100
Juri
2,547
130
25
Ry
Traveler
High
Low
100
Edison
Elevated
Boston
Range Since January 1
Shares
•
Boston
-
Kennecott Copper
Corp
15%
37%
1,801
16
xld—. Xl6
Royale Copper
Lamson
High
1741/a 176
148
pfd——100
lnc
Albany RR
Boston
For
__
174%
*
.»
Copper
Son
&
30%
100
„
Bigelow-Sanford Carpet 6$
Boston
>100
Tel
of Prices
Low
>*
Chemical
Isle
Sales
Last
BTOCK8-
Int'l Button Hole Mach Co
Exchange
15%
*16
Apr
!7% Jan
Apr
11% Mar
47
18%
Jun
Jun
12%
Jun
62
Jun
2%
105
Jun
Jun
71% Mar
16%
Jun
Jan
.22% May,
49c
Fob
jati
: 60% FelJ
15% Jan
25c
Jur
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, July 2, 1945
OTHER STOCK EXCHANGES
RANGE
FOR WEEK
ENDING JUNE 29
*7
Friday
Week's
Sales
Range
for Week
•
■'7.7 7/7;- 7
7V
Range Since January 1
Shares
of Prices
Low
?
'•
30c
Jan
72c
••
30c
Jan
5
May
26
59c
4
5
Z
6,877
"
•
/:
Jan
■'
/:
.77'■/;'
Indianapolis Power & Light
Jim
Feb
109%
250
48c
124V4
717
118 J/2 124
77.'7.
yz/i
High
Low
High
Indiana Steel Products
53%
40%
38
Button
Reece
Folding
pfd
1%
12 V4
1%
105
lMt
95
1V4
3 Ma
Leath
Assn
Suburban
*
common
Union
34 Mi
34 Mi
18%
19%
*
Mach
100%
25
common-
76 Ma
10
4M2
Jan
41 Ma
36 % Mar
30
Jan/
185
;
15%
Jan 7;
90
77
900
74 Ma
Apr
555
51%
Jan
61%
68%
51
69%
63% May
15%
15%
10
13%
Jan
34%
916
33 Ma
77
Jun
Middle
$1
Jun
&
Chemical
Nachman
75%
1970
A
series
76%
$3,000
72%
Jan
77%
Apt
North
Chicago Stock Exchange
Illinois
Friday
Last
STOCKS—
Admiral
Allied Laboratories
pfd
16%
350
15%
Jan
13 %
6,050
10%
Jan
15% May
9
8%
91/4
950
7%
Jan
10%
Feb
__
-
8%
8%
100
8%
Jun
11%
Jan
17
:
„
17%
—100
128%
128 % 1281/2
100
174%
16%
350
174% 175
capital
American Tel & Tel Co
Apr
6%
7/
■
Feb
19 %
135
Jan
175
Jun
Rath
Armour &
Co
common
5
.
.
-9%
•
Equipment Corp common—
1
Asbestos Mfg Co common——.———1
Association Invest Co common
—*
Aro
Athey Truss Wheel capital—
Washer
Automatic
17%
;—3
common—
•u
Co
Barber
; i
(W H)
Belden
Mfg
Bendix
•
Aviation
Berahoff
Binks
Co
Corp common
Corp-
Mfg Co capitals
1%
Jan
44%
Jan
2,100
'
7% Jan
10 Ma
Jun
21%
Jan
3% May
49
1,050
3
Jan
6 %
5%
Jan
9%
Jun
19%
100
16%
31
33
700
26
20%
20%
21%
__■■■■
53%
53%
100
12%
11%
12%
1,250
9%
550
■>.
'
9
450
Brown
Fence
—-5:(7v 40 ,f:f ' 40
common—
Wire class A
&
pfd
*
—
'
Common
Bruce
Burd
Co
common—
Jan
-.Jan
19%
Ring common
1
10
Brothers
Castle & Co (A M)
Cent
Pub
Secur
Corp
111
Convertible
$b
Serv
Jun
16%
Jan
21Va
48%
Jan
55
10% Mar
'
13
Apr
Jan
Hen
,v
Belt
Pr
Co
Chicago Corp
V t
i,:
0
Club
Service
Co
Co
Cudahv
Curtis
6%
Jan
7
Co—
5
1„
of
20
20
30
120
700
8%
8%
13,650
131
Jan
20 y2
77 7% Jan
9%
Jan
61
Jan
38%
44%
49%
1,300
21
21
5%
76%
Jun
Jan
93 y2
Jan
23%
1,700
16%
Jan
24 y»
Jun
5%
150
3%
Jan
6%
Jun
'••••■v
18
18%
31%
7,400
11%
11%
11%
1,250
850
18
116
20%
20
31%
105%
Lighting Inc common——2%
7
20%
29
7.-.*
29
31%
50
300
•
Jun
18%
Jan
31%
Jun
7%
Jan
12 y4 May
/:!>/
33
7
17%
Feb
20%
Jun
26% Mar
30%
Jun
300
26
Jan
37%
Jun
220
105% 106
&
(Alf)
Cohn Inc
&
104
Jan
108%
Dodge Mfg Corp
Jan
8
Jun
7%
140
3%
14%
100
12 va
Apr
15Ma
Jan
*
18%
18%
1.600
15
Jan
18%
Domestic Industries
!_
Inc •class A
Electric
iiousenoid
Eigin
22%
23%
700
18M8
Jan 77
4%
1,400
1
4%
Mills
Corp
Co
5
Drive
Finance
4
Apr
24% May
5% Mar
General
Motors
General
Outdoor
Gillette
Safety
9%
—
—
Corp
Jun
Jan
40 Ma
Feb
Jun
Va
9%
Jun
400
13%
Jan
13% May
27%
28%
150
27
Jun
34 Ma
56
56
2,000
49 V2
500
6%
.8%
Feb
Apr
56
Feb
Mar
9Jun
Inc
9%
9%
200
67%
67%
69%
1,000
62
Jan
—/
70% May
1814
18%
400
10
Jan
18%
16
16
17
200
13% Mar
17%
common—*
Razor
Brew Co
common——*
common---——4*
G
cap
——
Hein Werner Motor Parts—•
Sbencer Bartlett
Houdaille-Hershey
12%
Co
see
12%
700
55%
100
52%
Jan
57%
19%
Feb
Co
Jun
800
15% Mar
35
Jun
39%
40%
600
36%
Jan
41
Anr
17%
Jan
19
Apr
18
100
12%
.
13
150
11% May
16
Feb
26%
170
23
% Jan
26 Ma
Jun
70
43
7y4
—100
58%
Jun
18 %
50
16
Feb
18 Va
Jun
14%
300
12%
Jan
15%
Feb
7%
—
.5
Jan
18%
14%
7%
3,950
4%
Jan
58%
58
—
6
2,220
98
20 %
20%
2,000
18% Mar
*
2%
2%
80
105
105
105
2
Jan
Mar.
Jun
108
21 Ma May
2%
Jun
40% May
38%
40
800
33%
•
18%
18%
7 100
13%
~iy2
5%
5%
550
1
19%
19%
21%
7 500
16%
Jan
21%
Jun
*
86
80
76%
Apr
89%
Jun
32
Jun
46 Ma
86
32%
250
5%
300
•4%
22
22
100
19
—
;
19%
27
24%
—
4%
25
Jan
Jan
7%
Apr
Jun
11
Jan
19 Ma
Jun
23%
50
Jan
27
Jun
18% Jan
350
5
7%
1.000
5%
Jan
37%
390
36%
Feb
15%
450
14%
17 Ya
2,400
15
35
1,400
.16 Va
32
31
2%
18
17%
39
39
40%
670
Jan
Apr
Jan
36%
Juri
12% Mar
26 Mi
Apr
3% Jan
17% Mar
2%
Jun
Jun
17% May
42%
June
5M4 Mar
—1
4%
-434
5%
1,850
38%
37%
39%
2,500
23%
Jan
39%
Jun
15%
15%
160
13
Jan
15%
Jun
::i4%
15%
1.200
14
Apr
16 %
Feb
Apr
34%
Feb
Mar
38% May
10
5
14ya
300
31
37
100
32 Va
—
25
•
53%
53%
22
22
22
43%
25
com—
34%
37
43%
45
49% Jan
100
Jan
2U0
17
190
,
36% Jan
755
May
23 Ma
Jun
Jun
.45
—
89%
100
79
Jan
93% May
40%
43%
900
23%
Jan
43%
18%
18 Va
1,200
14 Ma Mar
18%
Jun
12%
*
-5
89%
41%
18%
capital
cap——•
w i
13%
1,700
12
13%
Jun
72
2,300
59%
72
Jun
1
*
common
68'/2
68 y4
1
—
9'A
9%
*
—
12 %
common
—*
—
-
7 77
capital
common
10 Ma Mar
34% May
32%
300
347/a
1,100
32%
Jun
37% Ma
21%
£0
14%
Jan
21
1,450
11%
Jan
32%
X13%
7;,
11
8
10
14
10
13%
5
7:
37%
*
—
31% Mar
Jun
32%
7
2
common
Jan
7% Jan
1,800
9%
May
21%
/
32%
—
*
common
Machine
34
7—
25
—15
common—
Corp
Jun
Apr
Mar
15 %
capital—25
—
Inc
7 Ma
38
2%
1,400
2%
25% May
22%
10
16
—
Jan
5%
22%
6%
15
15
Jun
6% Mar
Jan
37%
1
—30
18 M2
18% Mav
100
27
19%
7
*
capital
89
32
5
Jan
8% Mar
38 V*
_50
-
Bankshares
Radio
25 Va
100
35
2 y2
commony
Yates-American
Jun
May
25%
18
>
100
—
common
Industries
4 Mi
65
8 Ma Mar
400
,
8%
7%
750
38%
200
37
Jan
Mar
14
V+^TurZ
Jan'
11Mb
Jun
9M2
Jan
42
Feb
Unlisted
Stocks-
American Radiator &
St San
—*
com
Anaconda
Atch
Copper Mining
50
Topeka & Santa Fe Ry com—100
Bethlehem
Steel
Corp
•
common
Electric
Martin
Iron
78 Ma
•77 609 7
1,000
200
76%
Jan
400
67 Va
Jan
78
79%
6%
7 29% Jan
42%
11 Ma
43%
11%
(Glen L) Co
Nash-Kelvlnator
—
,
common
26 Va
19
18%
21%
29 Ma
29 Mo
32Va
1
common
——5
Corp
York Central RR capital
•
Paramount Pictures Inc
Pullman
Pure
(The)
Brands
Standard
Oil
of
,
Jun
Jan
7%
Jun
38
Jan
44%
Jun
9
Mar
11%
Jun
Jun
'
;■•
5%
1.100
Jan
28 Ma
2,500
15Ma
Jan 7
22% May
5.100
22
Jan
32
500
28
Jan
34 Ml
200 V
■
23 Ma
Mf Jun
Jun
54%
54 Ma
48%
Jan"!
54 Ma
19 Va
19 Va
20 Ma
2,500
17
Jan
21
12 Mi
12 Ma
13%
3,600
10 Va
Jan
13 Mb
Jun
23%
23%
26
3,700
19 Va
Jan
26
Jun
29 Va
Jan
32 Ma
Apr
56%
Jan
65 Ma
May
18%
Jan
29 Va May
•
common
N
Jun
Apr
—•
common
Republic Steel Corp common
Standard
34 Vb
Va
*
•
*
;—
common
Radio Corp of America
32%
1
Incorporated
Oil Co
27-Ma
81
700
28 Ma
7
15% May
36 M4
100%
300
3,POO
7 Ma
•
1
Co
Corp
Jan
14 Ma
36Mt
.
*
Curtiss-Wright 7
Interlake
11%
13 Ma
S
34
100Ma 100%
13 Va
34
—25
J
Studebaker Corp common
U S Rubber Co common
-1
25 Ma
25%
27%
600
.
58 Ma May
—10
Jun
Mar
60
Apr
Feb
650
16
Jan
21
Jun
21%
21%
18%
Feb
22
Jun
27%
27%'
IOO
22
Jan
28%
Jun
11%
11%
300
11%
Apr
13 % Mar
16%
2,700
•
2,350
9
Jan
13 y2
13%
Feb
Apr
17M4
12%
£0
10%
Jan
13
57
80
48
Jan
57V'4 Mar
21
21
22%
700
17
Jan
23
Friday
—
4%
10%
/„
5%
1,700
'- '
10%
40
41%
26%
26%
.
3%
Jan
5%
May
Jan
7'
American
Baldwin
Laundry
7%
200
20
450
26
,
7' ''7
'7
._*
—
Jan
11% Mar
Cincinnati Advertising
Jan
41%
Jun
Cincinnati
Apr
29
Feb
Cincinnati Gas & Electric
:*
Products;—*
Crank-
——5
pfd
Range
for Week
of Prices
Shares
Low
Par
8
Burger Brewing
Churngold
Ball
■
Machine——20
———*
—-
400
Sales
Week's
Last
Sale Price
STOCKS—
Feb
56
Cincinnati Slock Exchango
Feb
12%
—
,
Jan
Jun
Jun
16
(new)——1
1
Jun
21%
B———.„*
9%
20 %
—_8
page 44,
Jan
20'
capital
For footnotes
V4
55 %
1
-10
IHlnpis^Oentrai IJR common
,—100
indep Pneum Tool vtc, new-———*
12%
8M4
20
>7 77
common-——25
class
Hupp Motors common
Brick
9
May
10
common
Adv
Printing Co common——.
10
Harnischfeger Corp common——10 —
Illinois
35
600
,
44
„21M2
16%
8%
Hall
Hibb
350
~r
Mar
13% Mar
9%
Lakes Dr & Dk com——:_j•
Heileman
39
15 Ma
1
Goodyear Tire & Rubber common—*
Gossard Co (H W) common—
*
Great
39%
9
3,400 j
———100
—
Goidblatt Bros
38
10
20%
38
.5
common
44
18%
__
1%
common
Corp
44
18%
10
common
General Amer Transp
Preferred
5
Auto__
(Peter) Brewing
General
__
15
Watch
of
Four-Wheel
Util
*
-
Amer——
National
Flour
Fox
(The)—
48 %
500
25%
*
A—-
common
Stores
14 Ma May
30
20
Westinghouse Elec Corp new
New
Eddy Paper Corp
2% Mar
700
Feb
5
common-
•7 Doehier-Jarvis Corp
7
64
Apr
14%
com—10
Jan
,
,
capital
Radio Products
Zenith
Feb
Jan
Jan
25%
._*
common
Specialties
Woodall
Jun
4 Ma
2%
39%
-•
Indiana
Light & Rys
Wisconsin
15%
10%
12
35
16'/a
Corp
(The)
Walgreen
Jan
200
4%
61
*
2
—
Co
Wieboldt
Jan
Jun
14%
*
Co
Steel
17%
26
Apr
2,950
14%
3%
61
capital—————1.
Corp capital
S
let-
—10
common
class
of
Jan
Jan
8%
1
Works
General
Decker
;
*
—
Lathe
Oil
13 Va
2,500
3% /
14%
Inc
Fur
15
y 3%
3V2
10
'•
Jun
28%
"
15
11 7::
15%
18%
450
25%
10%
1,700
15%
24
10 y2
V4
Jun
4no
14%
24
May
-
pfd—100
cum
Jun
547/a
1
com.
49%
14
Jan
10
Power
Utah
Jun
300
31%
.*
com
Colo
CJ
.
25%' Jan
800
31%
Jun
—10
Union Carbide & Carbon
May
'
,,
44
Feb
53 Va
76%
34%
common
United
Apr
35
71%
100
common-
United Air L Transp
27% Mar
16
550
108% 109 %
43
common
208 South La Salle Street Corp
Apr
21% Mar
450
108%
Jun
43
43
Apr
*
United
60
71'%
•
18%
capital—
Trane
May
20%
38%
44%
13% Mar
common
Texas
Jan
130
Jan
59
:
100
5
-
Bend
Swift
Jun
Jan
8mb
2,000
20%
18%
Swift International capital
Jun
82% Jan
430
23%
5
38
25
1%
Jan
450
/
Jan
„
/ /, v'//.7'
common
Packing Co
.
6,400
18
18%
Sundstrand Machine Tool common
2% Apr
17% May
,,14,
28%
38%
5
•••■■
.
Amer
% Jan
25
part shares vtc A—
Corp
17%
7%
Common———
108 Ma Mar
100
23
*
common
'
Jan
450
23 '
10
com
Inc
Co
Jan
2%
Jan
B
(new)
Standard
19% May
22
17%
5%
common—.
Cummins
Storkline
Jun
99%
17%
4%
Jun
100
123
8%
13% Jan
May
200
129%
5
Co
1,300
28%
123
100
Consolidated Biscuit common
Crane
100
128
*
common
Uten
(The)
Common
8%
106
100
common-,
i
2
St Louis Nat Stockyards capital—*
Standard Dredge—
Jun
:
17%
•
preferred
Commonwealth Edison
Container
39V4
8%
Packing
Spiegel
Ry—•7:777777/'
Western
common
Aluminum
Consumers
Apr
128
1
,*
common—.
for 5 %.
gColeman
32%
5
preferred
Chrysler Corp
Cities
250
18%
7%
common;
South
Jun
39%
*
common
Convertible
for
4%
preference—*
common—
Chicago & North
c
8 %
•
Lt
&
Chicago Flexible Shaft common
t
31
Jan
*
preferred
Cherry Burrell Corp common—
V
—
50o
Preferred
Central States
Chain
44
Jan
5%
2%
—* 77;
-—
.
Mar
23%
28
1
common
preferred
37 ':
17%
7%
common
South
Feb
300
8%
7y2
Sinclair Oil Corp-
Feb
10
7%
650
106
*
pfa
Central S W Util common
Prior
17%
common——10
Illinois
Central
—
*
Corp class B common—
Signode Steel Strap Co pfd
Jun
850
38
7% Mar
Berrick
Jun
34
RR
class
(The)
Common
&
29% 31
8%
JV~y!'r 7 7
—5
(EL)
Piston
Butler
.
—1
-.u
_—
42
9 Ma
Jan
—
A
Steel. Car
Schwitzer
May
4,550
.
Jan
6 Va
class A
Elec
Sangamo Electric Co
Feb
'
Borg-Warner Corp
Jun
9%
H
31%
1
7
2,100
•
5%
.■:
Mar
100
9%
y V'
17
19%
—
•
—10
5
1 '
common
Brewing
3 Ma
9%
8%
-•.%
..
200
'
,_1
common—
Bastian-Blessing Co common
<
8%
/
6% Jan
2,000
49
8%
5%
—
3
2%
49
8%
\
10
18%
17%
2%
•
__
4
Aviation Corp (Delaware)—
9
-
7%
250
Raytheon Mfg Co 6% preferred
5
Common (new). —.——5 Oc
Rollins Hosiery Mills common—4
'
■
Co
Co
Apr
1,400
.Quaker Oats Co common:
Feb
158%
200
Jan
&
Potter
Pressed
Aur
124
20
Poor
May
45
9%
common.
preferred
Pennsvlvania
;
13
Jan
6%
common
Corp
Elec Switch
&
Jan
37%
8%
vtc
common
Gas
7%
10
1
-t—
Penn
1,050
B
Utilities—_
Penn
High
16%
13%
*
—*
common
Service
Public
American
7 25%
.12%
__
5
Aetna Ball Bearing common;
Range Since January 1
7/7' LOW
100
27% May
18 % Jan
common
Advanced Alum Castings—
Shares
271/2
1,200
44
6%
-
Co
Peabody Coal Co class B
High
27%
__
common———-*
1
Mfg
Corp
Low
25
:
new
common
D)
(J
Adams
Co
for Week
of Prices
Sale Price
Par
Steel
Acme
&
preferred
Sales
Week's
,Range
Jun
8%
12%
8
:n%
44
pfd—*
■;
Bancorp
Corp
8M2
Jun
9Vb
Nunn Bush Shoe common—:
Omnibus
4% Mar
Apr
May
Co—
Ward
Western
7%
8
11%
•
common
Sprlngfilled
Northern
»
56
48 Va
6'%
National Standard Capital stockNorth American Car com
Northwest
./";V.
Feb
Jan
com
National Pressure Cooker
.
41/2%
52%
38 %
*
Montgomery
Bonds—
mtge
-60
capital
Inc
34 y2
400
Common
May
Boston & Maine RR—
Inc
Corp
Jun
28% Mar
1
common—.
preferred
Jun
101 >/2
55%
_*
Jun
11%
Jan
48
common
Hart
prior
Monroe
Mar
38
West
Miller
Jun
16%
Field
10%
Jan
96
60
'77 9C0
•
33 %
32%
Jan.,
7%
6,750
■v
55
com
cum
Mteketberry's Food Prod
80 M2 May
61%
33 Ma
v.
—
Marshall
11%
Jun
8% Mar
—1
common
&
7 6%
10
High
25%
46%
Llbby common
Mfg $2'/2
McWilliams Dredging Co
Jun
596
76 Ma
68%
Mar
McCord Rad
200
9%
10%
7:
55y8
Line Material Co common—.
Jun
Jan
46 %
B
Chemical
Jan.
6%
101% 101%
_*
Light
xl9%
500
*
—
Co
200
7%
i
32%
common
&
g%:
10 V2
•
preferred
&
Low
25%
50
common
Printing
Range Since January 1
High
7%
101%
Lamp common A
Lindsay
Jun
35
Co
Libby McNeill
21% May
102 7/a
&
,(•
—•
100
Lincoln
Jun
107
155%
7:
Jan
Jun
7 Mi May
58%
—
12%
I6M2
15 Ma
Jan
Feb
95
295
100% 102%
■
*
Inc——
System
Westinghouse Electric Corp
40%
V\ Apr
10%
100
34 Va
18 Ma
39%
14
20
5
Co—
Shoe
Waldorf
6%
107
5
Smelting Ref & Min common—50
U S
%
107.
—
Inc
Rubber
8
20
1,131
Drill
Fruit
United
U
VA
40%
Drug
•United
16
15 Ma
6
*
Co
Twist
United
%
*—
•
*
$4 2nd preferred
Torrington
14
*
Securities
Elec
16 Mt
14 Ma
—*
:
Inc
Webster
&
&
Cumulative
*
Stone
Tube
Low
7%
—X
-—.
LaSalle Ext Unlv
Jun
*
Shawmut
preferred
Shares
7 of Prices
/7Z777
25%
Kentucky Util jr com pref—
Kimberly-Clark common
Feb
1% Mar
Jan
5%
Ken-Rad
14 Ma Mar
Feb
3%
Jun
3%
Jan
3%
—
40%
Jan
176
1%
10
100
Machine--—
Rutland RR 7 %
Ma Jan
475
2%
14
12%
12%
*
Mach—
Hole
Reece
2 Ml
25
Quincy Mining Co
33
1,609
7
■
1
Katz Drug Co common—
Kellogg Switchboard common
Jun
54%
38% Mar
for Week
com
common
-
52%
Sales
Range
Sale Price
Par /
■
Week's
Last
7v/Z'i
STOCKS—
/.Zv
-_100
35%
35%
36'
17
17
9
12 Ma
12
Low
9
83
.
12%
12
230
25
212 V.
10
4
66
108% 109
43
3
Range Since January 1
High
High
32'% Jan
3 6 Mr Feb
10
Jan
1,7
9
Mar
10
Jan
5
Ma Jan
2% Mar
107 Ma
Jan
Jun
Jan
10
12%
Jun
12
Jun
,
4
Jun
103%
Jun
(\
'miKiSM
THE COMMERCIAL &
Number 4399
Volume 162
FINANCIAL CHRONICLE
<34
OTHER STOCK EXCHANGES
Shares
50
Cincinnati Street
"A"__
Cola
Coca
Corp
Crosley
Eagle-Picher
*
*
—
i
44
72
U.
Cities
City
'
;
Feb
Hall Lamp
Hoover
—
Brewing u
x—,
HoskinS
13%
Jan
Hudson
44% May
Jan
27
3
32
Jan
15
Mar
Mar
Car
&
Screw
Jun
3%- Feb
30
5
v
Jun
5
26
60
23%
Jan
27
Mar
19%
163
14 %
Jan
20
Co.—
22%
715
Products
23 %•
74
21%
21%
50
7%
575
67%
69%
346
20%
35'/a
20 %
5
35%
6
22%
May
20%
Jun
28%
Jun
70% May
Jan
18%
Jan
7%
Jan'
62%
Jun
23%
Jan
4
Jun
24
Jan
20"%
6%
Week's
Jun
37%
Jan
Jun
'
Range
Sale Price
of Prices
Murray Corp
Motor
Packard
Davis
Cliffs Corp
Goodrich
F)
(B
common
Halle
Bros
preferred
Steamship
Interlake
Prudential
45
Products, Inc
Iron
52
55
33
Jan
39%
Refining
Jan
30
Stores
Drug
Youngstown Sheet
&
:
27%
Jan
39
17%
7% Jan
(H W)
...—1
Jan
8
U
S
Co
Rayon
Iron
27
2
5V4
3,405
Jan
5%
Ohio
U
8
Oil
150
7%
Feb
10 %
Feb
22
450
16%
Jan
22
48%
938
39% Mar
a4%
48%
20% May
15
45%
Jan
18 %
Jan
24 %
Youngstown Steel Door common.
common..
i
,
Site
2%
Jan
3Va
3%
1,000
2%
Jan
3l/8,May
2%
200
3%
194
14
315
23
Feb
39 Vb
,
.Mar
Jan
23
Jun
517/a
122
Feb
14
Jun
9%
1,535
7
Jan
9
3%
400
3
Apr
5%
% May
Jan
2%
Jan
4
Mar
3% Jan
5
Feb
3%
3%
4%
4%
9
9
9%
7
7
100
6%
Jan
7% May
6%
6%
100
5%
Jan
7
4%
Jan
■
6%
8
8
42
Mfg.
Petroleum
Barnhart-Morrow Consolidated
Bros
8% Mar
May
Jun
29%
a29!4 a31%
271
21%
__•
al8
al8
462
17
a25
a25
Co
Corp
Chica
common
255
Corp
20
32%
Jun
20%
Jan
26
Jun
California Packing Corp common
Jan
72 Vb
Jun
Central Investment Corp
Mar
25% May
Broadway Dept Store Inc com
Aircraft
Cessna
Company
Fuel
&
Corp.,
Iron
,
New York Curb
Products
Associate
Fitzsimmons
-
Motors
Hancock
class
Corp
Oil
"A"
Co
Motor
Lincoln
Week's
for Week
Shares
Menasco
Range Since January 1
Low
High
-——-1
2%'
2%
100
2%
Jan
_———^5
11%.
11%
100
10%
Feb
.11%
.
'
'
o
12-
%
.
,
-
o
17%
20%
20%
11% 'i2%:.
\
9
.*
-
545
500
17
10
Cleveland Nav
Edison
Detroit
Gray
10
-
10%
Jan
l%May
High
2%
12% May
;
common.!
1
For
footnotes
see
page
44.
2%
ji.l
—.2
Listed
BROKERAGE
—
Unlisted Issues
Sales
for Week
Shares
8
4%
27
72 %c
2%
4%
5%
25 %
High
Low
1,060
2%
4%
4%
25
a32%
Range SInee January 1
High
a32% a323A
88 '
88
4%
4%
5
1—*
—*
I—1*
'
20%
28%
15
15
—
—
40c
•:•>-.
Car
—
60%
—
Co
——
14%
40c
16%
6%
62
a28% a29%
a28%
5
5%
' 5
625
280
11,900
300
750
14,724
5%
Apr
2 %
14
Jan
18
300
18
400
Diablo
Feb
May
Oceanic
Feb
Pacific
Finance
12%
Jun
Pacific
Gas
9
Jun
10 Va
Jan
6%
Jan
i:
Jan
30% May
''
25c
Apr
75c
3% Mar
1% Mar
3
Jan
1.75
492
21
109
28%
118
77
Jan
Jan
7%
Jan
Pacific
2
2%
4,425
1st
Pacific
Jun
y<»
Jun'
2% May
4% Jun
5%
Jun,
26% May '
860
5%
Jan
815
15%
Jan
Inc
2%
—
70c
4%
70c
—
14c
—
7%
7%
&
Corp
Elec
32c
35
94
Jan
150
27%
Apr
28
18%
Apr
25 %
26%
Jan
29
Apr
694
10%
Jan
16
Jun
350
71
Jan
92
Jun
27%
Jun
33
Jun
I,023
662
2,100
416
12% Mar
Jan
40c
Jan
16%
Jun
May
448
62%
Jan
70% Mav
450
16%
Jan
21%
225
51%
Apr
57% Mar
220
53%
Jan
62
75c
Apr
15 Va
Jan
1,900
85
2,450
3%
Jan
—
■
7% Mar
Jun
Republic Petroleum Co
5 Vz%
preferred
;
common—.1
50
—
7V4
—
•
■
/
7
48
'
5% May:
II,761
8%
37c
37
2% Mar
17%
Jun
Mar
32% May.
3
4%
70c
14c
:
41
34% 34%
53
53
a20
a20
—
95c
Jun
Jun
41
■
:
Feb
6%
29%
41%
•
8
100
Jun
al4%
.
'
Feb
13
29%
41
*
—10
Feb
30c
Jan
al4
Lighting Corp common
Oil Corp
;
15%
Jan
19%
41
Western
Apr
645
5,205
1,147
—
-41
Jan
3,475
—25
•••
Jun
115% May
355
80c
common—:__.10
preferred
Apr
16%
35
common
5%
Jan
1
—1
—>
33%
.89
Jan
80c
' 27 Va
Apr
45c
70c
.
Jan:
Mar
4%
13 Va
15%
27%
1,850
45c
45c
16
70c
10c
—————25
1st preferred...——25
23%
Jan
Dev
&
Company
21%
5% May
7%
Oil
Jan
21%- Jan
17
Mng
Jan
300
7
Jan
5%
17%
Jun
40c
—
1
1
Co.——1
1
1
Occidental Petroleum Corp—
1,746
17
Oil
Aircraft
Northrop
5%
17
Co
Corporation Ltd
Nordon
23%
7
.
Mfg
8"%
1%
&
25c
40c
I
Corp
33
87%c90c
—
—10c
1
Company
Aircraft
—
1
Corp
153/3
a67V4a70
21% 21%
57
57
a67%
*
Co
Petroleum
6%
—
'
92
14%
35c
16%
—
—1
29
92
32%
28%
common
;•
112
112 a293/4 a31s%
20% 22%
— •
—
common
89
5
12% May
406
1,612
Feb
Mt
23
5%.
23
^..5
Stove
Corp
10
20
Iron
Detroit-Michigan
Detroit Steel
common
common
Feb ;
FACILITIES
60c
•
100
1
1
A-
Monogram Pictures common
5%
Detroit &
Detroit
Feb
2% Mar •' ;•
Jan
6,000
200
7s/b
48
Jun.
Feb!
:•;
Sales
Range
of Prices
Low
Crowley Milner
AND
7%
4%
4%
25
•
Company
Petroleum
Lockheed
Last
__1
1%
Range
—
& Co
Development
Lane-Wells
Sale Price
common-
6%
& Co., New York
Week's
60c
Corp..————4
1
1
Stores
Gladding, McBean
Detroit Stock Exchange
Paper
Mar
of Prices
;
26
.*
1
10
-—-—*
Goodyear Tire & Rubber Co com
*
DETROIT
Intercoast
Motors
5
2,038
4
Oil Co, Ltd, class A
F«irnsworth Television & Radio
Hudson
Continental
44%
1%
7%
50c
Hupp Motor Car Corp
Consolidated
Jan
100
Low
1
America
Exeter
,
Chicago Stock Exchange
Randolph 5530
of
Douglas Aircraft Co, Inc
Dresser Industries
(new)—
Members
_»
Apr
9% May '
37
Feb
56%
225
Jan
19 Vb
375
a23 % a25
—1
Jun ::
'
1
Corporation
Oil
Mar
a69V8 a71%
Friday
10%
50
1%
2
1
•
Furniture Co
& Gay
Diamond
Holly
Machine—
.'
:•
5%
1
Barker
Berkey
Stock Exchange
Rubber
5% Mar
1,475
5%
5%
___.__50c
—————
Bandinl
General
Baldwin
v;
202
42
Friday
54% May
Blue
Ford Building
Brown, McLaren
Burroughs Adding
1,250
1,410
v
8
42
Sale Price
Jan
44
115
11%
Detroit Stock Exchange:
Forge.
12%
'
Jan
13%
-:v;- v-.Last
Electrical
Drop
5
9%
Par
WATLING, Lerchen & Co.
Atlas
Jan
Jan
3%
8TOCK8—
Creameries
—'
4%
3%
13%
J;
■
Electric
3% May
Aegoles Stock Exchange
Preferred
Allen
•
4%
,
./
Jun
49% May
STOCKS—
370
430
'
4
5-
%
Angeles Stock Exchange
Los
Jan
Telephone:
Feb.'v
'
700
3%
9%
—*
Consolidated Steel Corp
J
Jun
7%> Jun
Spring Street — LOS ANGELES—TRinity 4121
\
Colorado
York
Jun
17%
4
13%
1
....———50
Chrysler Corporation
New
34 Va
Jan
3%
5
——*
Feb
39%
:
Feb
13
3Va
—
common———!
So.
3% Mar
5
o:
Jan
29%
1,442
3
""
——*
53% Mar
793
23
16
___
5%
424
17
Apr
a47% a47%
s
8,252
30 Va
Mar
all% all%
>■; v.
7%
7
16%
:,
19%: Jun
Jun
5
23%
Jan
4
IOC
148
32
common
Jan
30%
-I
Distributors!
650
Jan
_•
Steel
Feb
13%
Jun
-
Jan
common
Steel
2%
360
30%
m.rnm
Jun
Jun
Jan
750
1,200
3
3%
18
7
3
3%
1%
3%
19%
2%
2%
Mar
3% Feb
Jun
8%
Bolsa
Republic
55c
2"% Jan
1
common
Member Los
25 %
a
Jan
■
Jun
15
37%
i"-.:
:
Feb ■;'
Jun
20
115
20
175
New York Central RR com
32c-
600
FAIRMAN & CO.
285
'•
1%
Jan
COMPLETE INVESTMENT
a30% a31Va
-*
1%
37,590
3 %
Direct Private Wire to Allen
a43 % a43 V2
common
common—
Feb
28% May
i I
44 % May
,v-
Industrial
Interlake
52C
3
y:
"
Jan
4%
a51% a51%
common..
1,460
1
•—*
—;
B
Universal Cooler class B
*
Glidden
Feb
1%
Jun
1
Tube
Radiator
_•
General Electric common——
1%
46c
1
Preferred
Jun
Jan
May
23%
20 %
99
__
1%
3
—10
common
Shirt
United
Jun
26
a50%>51%
-1
Bronze
323
49c
—2
—*
»■*.
—
common
Investment
Aereon
Graphite
5%
1% May
26% Mar
300.
1%
28%
1%
.-1
common
Udylite
Feb
32
v;(.v'f ;
;'•:' UnlistedCleveland
Jan
3%
Jun
1%
10%
ICO
3%
*
Tub6
6G0
237
Jun
13% Mar
190
23
22
May
7
4%
28%
Jun
77/b
Feb
7%
a50% a50%
—2
*-*
Chemical
&
34% May
Jan
Apr
23%
a4%
23
14
6
1%
1
Investing
May
Jan
145
29%
a21% a22
—
25% May
15%
Jun
4%
*
:
Works
Jan
12%. Jan
j
Jun
May
8%
.10
23%
454
2,206
Jun
8
Feb
370
10%
20
5
12%
Jan
Feb
Mar
7%
__5
Van
Weinberger
57%
39
320
16 %
22
Ohio—
of
Thompson
Warren
49% Mar
28%
——
Paper..-
Oil
Dorn
50,
a26% a26%
—
Bros
Raisin
63%
47"
Patterson-Sargent
River
J
26
,
...
Pichman
61
Jan
v
—
Jan
v;,
Jan
Jan
84
37
9%
7%
5% Apr
53%
900
53 %
15%
9%
—
Mar
175
.
42
25%
—•
9%
.
6%
—
24 % Mar
10
a 57%
;
36%
—
—
Standard
57%
53%
37
Paving Brick common—*
—
1
National Refining
common
—1
National Tile
—.
•
Nestle LeMur class A
*
Acme
a
'
,
'Apr
4%' Feb
200
25
14
10
Products..
Brewing
Jun
49
.75
113
;
a62
42
Metropolitan
National
93
18% Jan
400
5%
5%
•
a59 Ve a59%
a62
1 .1
Jun
Jun
70
Jan
4%
—
Warner Aircraft
..
Cement
Portland
Medusa
Jan
457
1,347
a37% a38%
:
80%
90%
23%
-•
*
Kelley Island Lime & Tr
Lamson. & Sessions.—.
24%
88
'
••'•Jaeger: Machine:'
Jones & Laughlin—
13% Mar
Jan
22
50
*
—
.....——,
Jan
19%
22
.•
—100
Great Lakes Towing common
12%
88
Goodyear Tire & Rubber common
9%
8%
Jan
; 3%
5%
13,015
16%
Co
&
Peninsular Metal
Union
Feb
Jan
50
24%
5—4
*
Navigation
Eaton Manufacturing
High
7%
6%
100
13
—1
Detroit & Cleveland
Range Since January 1
Low''
12%
common
7
62-%; Jan
965
8
12%
6%
*
Wolverine
Tivoli
500
7%
vT:;,'1
•
5
3.150
32%
——*
Car
Parke,
Parker
Standard
High
24%
preferred
■1
50c
v, rm — — — ^ —— — — — — w
M A- —■ M ni
~
Simplicity Pattern
Shares
5
Controller
Cleveland Cliffs Iron
1,250
13%
1
—*
Abrasive..
Mid-West
Sheller Mfg
for Week
Low
Clark
4%.
.1
Sales
Last'
50c
4%
24%
1
Michigan Die Casting common
Michigan Sugar common
15%
Friday
Mfg..——
...
Coach & Body-.,——
727
28 Vb
1
;
McClanahan Oil common
Scotten-Dillon
Brass
Jun
5% Feb
May
Cleveland Slock Exchange
Akron
15%
;
7% Mar
401
14
1
1
10
Drug
Rickel
American
9%
8%t
69%
11%
1
River Raisin Paper..
STOCKS—
Apr
Jun
21%
'•'V
8%
28 VB
Products common
Kingston
Masco
9%
.
v>
7
common.
Mfg—
(S S)
62%
19
—
Lock
Hurd
Kresge
8%' Feb
6Va
67%
*
4%
2%
Kinsel
55 Vb Mar
-4£&v
—
High
Feb
4
100
,
8'A
69%
—10
Bear...,.
Mfg
Motor
Jun
5%
5
21%
-
—
Brands
36%
Feb
Jun
Jun
11%
76
50
331
5'.
.
*'
10
8%
5
—
Ball &
Feb
Apr
*
9%
20%
*
Low
4%
14%
375
15Va-
Apr
7
19:
—*
Motors
Standard
46
Jun
26
25
_
Fuel
Pure Oil;
Jan
;
f
.
Columbia Gas
General
Goebel
60 %
—
Service
&
Jan
9%
**
*'
Rolling Mill
Ice
33 %
150
5
Range elnce January 1
High
4%
1
Motors common
59%
.60
—
B———
Unlisted—
American
5
10
—
class
Finance
General
67
323
30%
29
*
—_—
„L
—.—;—
Printing.——
S.
44 % •'
*
:
—:
Pumps
11%
14%
1
General
45
45
14%
3
1
10
Industries common.
Gar Wood
Jun
Jun
5%
100
43 %
43%
.—-*
_
.
Procter & Gamble,—
Rapid
May
%
40
12%
48
Low
Jan
19
21
72
48
72
*
,
Shares
1
40%
Jan
26%v Jun
126
5%
5%
for Week
#
•/••'.'
5
13%
47;
11%
Randall
133
1
Brewing
Vacuum
Frankenmuth
28% Mar
40
27%
Kahn
Preferred
Jun
125
50
43%
43 Va
12
preferred'
Hobart class A_
National
16
Eureka
Graham-Paige -common.
;
Lurikenheimer
Jun
135
26%
__
Hatfield...
Kroger
Mar
11%
38%
17%- 18%
.10
;
Gibson Art
Prior
78 %
36%
Insulation
Formica
.
131%
125
——
83% May
119
12
Feb
14
110'
83
11%
P«f
High
Jan
8%
518
12%,
82%
....
-i-
Low
Bale Price
STOCKS—
Range SInee January 1
High
11%
*■■•'
Yards.
Stock
Union
n%:r:
50
Cincinnati Telephone
Cincinnati
Low
Par
te'v; c i"
•
•
.
Sales
Range
Last
for Week
of Prices
Sale Price
STOCKS—
'•* ••*''
Week's
of Prices
Friday
Range
Last
;v*
.
Sales
Week's
Friday
JUNE 29
FOR WEEK ENDING
RANGE
400
200
1.45
Jan
4
May
3%
4%
Jun
Jun
62 %c Mar
75c
Jun,
Jan
23c
Apr
1,700
8c
2,230
6% May
9 % Mar
1,903
20c
Jan
30c
Jun
6,483
29
Apr
40
Jan'
14%
Jun
14%
Jun
509
34%
Jan
41%
Jun
231
38%
Jan
41% May -,
334
34 Va May
34ya May
349
48%
Jan
53
20
Feb
20
47
25
2,675
10
5%
Jan
47% Jun
.
8%
Jun
Feb
Jan
49% Mar
:
Monday, July 2, 1945
COMMERCIAL & FINANCIAL CHRONICLE
THE
40
OTHER STOCK EXCHANGES
t
"*.
Sale Price
STOCKS
\
'
Ranch Oil Co
Rice
Oil
Richfield
Corp
common
Aeronautical
Ryan
Oil
Union
Shell
Oil
omelair
So
of Calif
Co
Oil
—
Air
Co—
Oil
Consol
Universal
Western
California-—
of
Lines, Inc
<E
23%
51
Jun
40 ■■
26"%
Jan
4c
Jan
14c
Apr
70
$5
Apr
Jan
27%
Feb
Wheel
Budd
Curtis
Pub
21
11
Jan
21
Jun
30%
31%
2,234
26%
Jan
31 %
Jun
General
953
...30%
Jan
32%
Jan
Lehigh Coal & Navigation
31%
Jan
Lehigh VaPey RR
40
Jun
National
385
31%
31%
30 Va
30%
464
30
500
38
17% Mar
Mar
39%
Jan
52 Va
57 y2
1,062
39%
45%'
1,581
39
6%
174
6%
Delaware
Electric
Mammoth
17
A 284
15
13%
14%
4,345
Chollar
Cons
3,159
18%
260
a8
Jan
16 %
•
Jan
"
2c
6c
5,000
American
American
Tel & Tel Co
Corp
Viscose
Amer
Copper Mining
Anaconda
A T & S
Co
(111)
Co
&
Armour
Company-—
Refining
Corporation
Aviation
Locomotive Works vtc—13
Baldwin
Oil
Barnsdall
Power
Corp
Bethlehem Steel Corp
Boeing Airplane Co
Borden
Company
J
I
Service
Cities
Electric
Gas &
Columbia
Solvents
Commercial
Commonwealth
&
Co
Edison
Southern
Aircraft
Vultee
Cons
Corp
Oil
—„
(Del)——
Co
Curtiss-Wright Corp
—
1
A
Class
Bond
Electric
Electric
Company
800
Jun
4.4%
Mar
Phila
Mar
Foods
General
Goodrich
(B
F)
Graham-Paige
Elec
Power
Corp
Interlake
Int'l
Corp_,
Iron
pfd
Co
Ry
Corp
&
Tel
Tel
—
:
Co
Loew's,
Inc
——
May
Scott
Paper
.—18
a30%
Montgomery Ward & Co, Inc_.
*
61%
Central
•
York
New
Robbins,
&
McKesson
Inc—
RR
North
American
American
Co
Paramount
Pictures,
1
Inc
Dodge Corp—
Phelps
Pullman
Oil
Pure
Radio
Inc
Preferred
Steel Corp
I
.
Jan
24%
68%
Jan
80 % May
•
50
17%
Jan
34%
Jan
Jan
29% Mar
-43%
Feb
50%
36%
Jan
45
46%
46%
49%
14.1
42%
Feb
1%
250
%
Apr
3%
4,124
1%
Jan
3'A
*
*
13%
Corp common
preferred
Improvement
2%
Seaboard Oil
!
of Del
Co
Roebuck
Sears,
-
27%
" stocks—
.
Jun
1%
Jan
38%
Jan
47
Jun
Jan
18
Jun
16%
18
3,614
13%
19%
20%
256
18%
Jun
20%
Jun
36%
17
38%
118
30%
Jan
38 %
Jun
Week's
Sales
Range
for Week
of Prices
Shares
Par
Jun
Jan
19%
Jan
42
May
Jun
Columbia
Jun
Continental Commercial Corp
200
48%
Jan
66
109
20 %
Feb
23%
4%
Jan
16%
Jan
375
6%
75
127
1%
26,616
25%
tt
1,279
12%
Apr
Devonian
Oil
Duquesne
Jun
Lone
Jan
34% Mar
5%
Jan
7%
Jun
50
19%
Jan
22 Vs
Jun
National
14%
Jun
Pittsburgh
8%
Jun
Pittsburgh
13%
375
9%
150
4%
Jan
43%
814
25
"
Jan
a8%
38 Va
44
54%
•V. 5%
Jan
50%
Jan
11%
225
9%
255
9%
11%
Jan
30
35%
Jan
18%
Jan
•:
31
7%
Apr
Jun
16% Jun
4%
3%
121
23%
23%
25
Southern
Railway
Standard
Standard
9%
14%
7%
20%
Jari
24% May
18%
Jan
25
Jun
10%
Jun
7% May
86
14%
14%
————1
165
1,490
10%
427
7%
10%
Jun
9%
Jan
Oil &
Plate
,
12%
1.144
9%
Feb
12%
Jun
3%
9,635
1%
Jan
3%
Jun
1%
136%
7%
8%
6c
6c
7c
12%
12%
1%
118%
Jan
6%
Jan
9%
5c
Jan
8c
Springs
25,500
9%
Oil
Co
(N J)
62%
Jun
Jan
32 Vb
Jun
Jan
13
197A
Jan
26
■
500
29%
29%
31%
245
27% Mar
31% Mar
33%
33
34%
631
33
37% May
7%
Swift
34%
Jun
33%
40 y2 May
545
26
185
48 »A Mar
110
17 y2
13%
13%
1,144
10 Va
Jan
13%- Jun
25%
845
19%
Jan
25 y2
9Q
5%
A
Jan
Jan
29
Jun
20%
Jan
1871
Established
Jun
53%
Mar
Mar
300
4th
North
St.,
St. Louis 2, Missouri
Members
•••■■
York
New
Stock
Exchange
'
•
St.
Louis Stock Exchange
Bell
Chicago Board of Trade
Curb Exchange Associate
Texas
Texas
101%
Jan
635
13%
Jan
New
50%
52 y4
422
34 Va
35%
130
29%
39
616
35 y4
52 %
Jun
Jun
Jun
Apr
13%
I
39
62
Jan
138
Apr
35%
Jan
3d
17%
Jan
35%
York
Feb
St. Louis Stock
Jan
11%
Jan
——-—-1
a24%
18%
Jan
25
a34 Va
a34%
208
31% Mar
25
Gulf Sulphur Co———*
a52%
a42%
a52% a53%
230
49%
a42% a43%
95
39% Mar
39% Mar
al9% al9% :
30
17%
Jan
20
a89% a89%
25
84y4
Apr
92% May
al34%al34%
10
117%
Jan
a40% a43%
165
33%
Feb
39% May
Elder
30%
728
28
Apr
32 y4
Falstaff
Co
„
Company
Union
Carbide
—
Pacific
United
United
Air
Carbon
&
Railroad
Lines
Aircraft
Inc
U
S
Rubber
S
Steel
'
a34
■
■
*
Corp
Company-—100
-10
—
a40%
——
Corp—————5
United Corporation
U
10
aG5% aG6%
(Del)
—
30
2%
^
10
2%
1%
1,600
v
Vs 34%
Mar
117%
Jan
Jan
Jun
3
Jan
58% May
Feb
,
60 %
61%
61%
1,351
59%
Jan
71%
Jun
al6% al7%
125
13%
Apr
17%
Union
Western
Tel Go
12%
Motors/ Inc.——3
Westinghouse Elec & Mfg Co
Willys-Overland
Woolworth
ComDanv
al6%
Inc—,—5
class A
—*
A*."'.
44%
Jan
49 Va
Jun
37% May
17%
Jan
25
41
Jan
45 y4 May
1
common.
Electric
Century
a.—A
Co
..
.
—*
10
(F W)
a47% a48%,
34%
.
8%
1
Pepper
common
,
265
■
I100
100
34%
24%
25
a45% a46ya
655
1,075
313
•
Jun
—5
-100
Preferred
Shoe
2%
.100
American Stores
Gas
Steel
American
Tel & *Tel—
—
For
footnotes see page
——100
-5c
44.
Range
common—.—
174%
10
Jun
Mar
25% Mar
Jun
26
May
95
May
100
Jun
50
16
Apr
17% Jan
170
34
Mar
38% Mar
22%
36%
17%
17%
25
2%
465
575
23
Jan
34
Jun
111
39%
Feb
42%
Jun
11%
Jan
15%
9%
Jan
14%
Jun
4% May
6%
Jun
Shares
21%
174 Va 176
2oy2
20%
Range Since January 1
Low
Hioh
233
17%
1,144
15
High
Jan
25
Mar
157%
Jan
176
Jan
41%
41%
.100
-20
preferred
5%
Louis
Bank
St
Louis
Pub
Scullin
22% May
Sterling
Steel
common-.——
Wagner Electric common-
Feb
Jan
Jun
Jan
23
Jun
35%
36
240
27%
Jan
36
Jun
23%
■
—
•
24
137
22
991
125
.16
23
21%
125
.
24%
24%
1C0
17%
20
121%
24
Jun
May
24
Jun
Jan
125
Jan
19
Jan
4
Jan
24%
6%
Jun
Jun
Jun
6%
60
14%
623
11%
Jan
15
13%
100
10%
Jan
13%
Jun
14
14
120
11%
Jan1
14%
Jun
38%
39%
410
35
Jan
41
6%
,
14%
14
13%
1
—15
2%
17%
♦
common—
Aluminum
20
550
3
1-
5%
Feb
23
21%
Bldg Equipt com__
"A" com—
5%
15
Jan
22%
-100
——.—
Serv
700
.
1%
35%
Dry Goods common—— ...*
St
14%
14%
22%
common—
—
80
15%
14%
.
Jun
16%
32%
15%
common———
Candv
2
31
5
Light common—
for Week
of Prices
2nd
Rice-Stix
Sales
20%
—.—
Autocar Company common
Week's
Low
•
—
Jun
34 V*
75
31
Monarch common——
Knapp
Laclede-Christy Clay Prod com—-
National
Philadelphia Steele Exchange
Last
22%
May,:
100
16%
41%
—————
International
17%
•
Sale Price
115
Mar
23
16%
Midwest Piping & Sply common—
—25
Missouri Portland Cement com
Par
8
36%
Huttig S & D common
Laclede
STOCKS—
30
100
100
1
Griesedieck-Western Brew com—
Laclede
Friday
8%
.
23%
23
—
Mfg class A————Brewing common—
8%
High
LOW
64
100
34%
23
*
Dr
Range Since January 1
High
33
10
Bottling common—
Coca-Cola
Low
Jun
34%
Burkart Mfg
Jun
75
Shares
Par
Hydraulic Pressed Brick commonWarner Bros Pictures,
for Week
of Prices
Jun
71%
Sales
Range
Sale Price
STOCKS—
Week's
Last
Jun
55
Jan
Exchange
Friday
29% May
69 %
Company
Corporation—
7600
Teletype SL 593
108 y4 May
57%
Tide Water Assoc Oil——.
Union
25
167
16%
Phone
CEntral
■
Jun
97
&
Jun
Edward D. Jones & Co.
Jun
28 y4 Mar
515
410
Corp
,
1% Jan
Unlisted Securities
St. Louis Listed and
a24% a27%
Studebaker
Jun
1,400
3%
Jun
227
2,773
..
a50% a54%
—
Jim
3%
14%
3%
Jun
770
Jan
a24% a24%
*
,
Jun
3%
3%
—
United States Glass common
al4% 415%'.
>
Feb
Mar
Apr
9%
48%
22
all6%all7%
25
Webster Inc
&
Jan
May
14%
Jan
1%
323
142
28 % May
al9% a20%
25
:
Jan
%%
1
1
Common vtc
V
Westinghouse Air Brake—
~*
Westinghouse Electric Corp com—12%
Steel
Standard
1% Mar
234
219
414
1%
128% 136%
7%
1
Mining——
Toy
San
Jun
Jun
9
Feb
6
95
3
3%
—5
25
*
Gas_.
—
Glass———
9
12
12
10
*
—
Corp
Fireproofing
Pittsburgh Screw & Bolt Corp—
al4%
Standard
Stone
(Ind)
14%
Jan
Apr
1,532
7%
40 .' V
9Q
Inc—v--?
Co
Jun
174
26 7
38%
._*
Company
Brands
Oil
Jun
3%
1% Mar
25
Jan
7
Jan
May
39%
26 % May
280
Jan
8
52%
35% Mar
1,150
a
Jan
550
Apr
60 % May
Jan
100
250
Jun
42%
Jan
40% Mar
3,162
a32%
13
.212
6%
—10
10
Gas
Star
895
70
16
12'A Mar
Apr
9
598
10%
9%
Follanshee Steel
Jun
7%
39%
Jun
3%
5
McKinney Mfg
Mountain Fuel Supply
8
10%
10%
6%
—10
——
1%
33%
450
50
34% Mar
Jan
10%
*
com—1
Brewing
25 Va
Feb
Jan
18
-
28%
24
6%
Electric common
31 Vb May
17%
,
•
230
15%
*
Gas &
High
Low
34%
31%
31%
100
Co
Blaw-Knox
Range Since January 1
High
Jun
7
29% Mar
Arkansas
Low
*
Steel
Nat Gas Co preferred
Ludlum
10%
16%
Jun
881
423
Sale Price
39%
26
16%
3%
3
Friday
v;:
Jun
38%
:
25%
*
15
Jun
Jun
Pittsburgh Stock Exchange
35
11%
—*
Co
<ss
1%
3%
.
47
Chicago Stock Exch.
Socony-Vacuum Oil Co
50% May
'
2%
—
1,938
25%
•
Jun
May
46%
——.—A—10
20
19%
345
:
19%
60
101
Last
1,691
—
130
44 Vt
Feb
13
—
27
47%
52%
Jun
31 Va
—
•
25%
25
—
Jun
382
38 y2
7
' ?39% May
46%
26
75
a33% a34
*
——
of America—
9%
30%
193
-
6i y2
38%
*
-
Co
Corp
Republic
:
.
9%
29%
1
50
25
32% Mar
32% Mar
Jun
61%
7(4
*.*
Co
Car
Motor
Packard
Pennsylvania Railroad Co_——
-27% May
403
Feb
13
—-10
763
36%
Apr
35%
32% May
235
25%
Inc___—__1
Aviation
North
.
Jun
31%
Jun
10%
28%
8%
120%
Jan
117
31
common—25
Transit Investment Corp
36
98
17%
26%
Apr
427/a
common—
90%
305
a30
Jun
28%
*
—
Westmoreland Inc
Jan
a29% a30
8%
26%
Jan
35%
-50
-
preferred
Westmoreland Coal
22
39%
Jan
Jan
24%
50
-50
common
preferred
Jun
a33% a33 %
a33%
•
•
7
—*
41
15% May
Jan
11%
40% May
;
21
81
119V8 119y2
31% ?
35%
;
;
37% Mar
Jun
2.00 May
Jan
7
3
Jun
'77%
a61% a63%
.—*
Corp
Copper Corp
pfd
3
Jun
a52% a55 %
7
N
McNeill & Libby
Libbv,
a52%
——
Nickel Co of Canada——,
Int'l
Kennecott
8%
_•
7%
Jun
a45 Vh a45%
a45%
*,
1
*
Co
Motors
Northern
Great
•
Corp—
i
preferred
Philco
50%
13%
_•
General Electric Co
common
173%
a7%
—
Jun
4,054
preference
Jan
43%
.*
Light
&
8
28%
$1
a21»A a21%
13%
5
Corp—
Share
&
Power
Jun
Jun
26%
Mar
5%
6%
17%
11%
27%
173
12%
6%
Jan
Jan
25%
Jan
a33 Va a33y8
—
6%
IV*
27%
a64 7/a a68%
—
•
——_•
.'
100
-25
Jan
24
tl
r'
—5
1
Jun
225
550
16%
11%
Jun
26%
1 Va
16 %
Jun
a20% a23 %
1%
70% May
Jan
Jun
Jun
a31% a31%
.
14%
10%
Jan
12%
Jan
Feb
682
y2
14%
62
770
Jan
5c
1,755
6
Feb
Jun
117% May
44% May
•
1,530
5'A
6%
al7y2 al7%
*
Corp
Continental Motors Corp
Continental
*
*
-25
Corp
Corp——,
Commonwealth
51
250
70
16%
10Va
Salt
a42 V2 a427/8
a20%
6%
46%
Va
67
15
32%
Allegheny
a64%
46%
67 '/a
15
167
50%
28 Va.
10
Company—
Jun
8,219
29 %
38%
*.
Caterpillar Tractor Co
22%
'3,899
11c
29
17%
Jan
40%
40
a77% a82
—
16%
18%
'
3V'2c Mar
Jan
21%
15
—
Jun
1,954
38%* 39%
925
a537/a a53%
a77%
16%
22%
38
May
28%
8%
Jan
7%
821
•a32% a33%
28%
21%
_
9%
38 %
25%
10
alOl *
a97
a32%
8%
Pacific Railway Co—
25
Co.——————————————25
Canadian
Case
9%
5
*
——.
34
Jan
1,178
38%
36 1
a52% a52%
a97
161
92%
16%
~~
...•
50
—.-aest..*
Light
: 28i
14%
21%
•
—
-
&
108% 114%
14%
f0
Feb
42%
42
615
al73%al76
a52%
34
5
5
*
Co—.
Aviation
Bendix
Battery
Jan
1
11c
Jan
12
445
14%
a48 Va a49%
a48%
a 174
100
25.
3
F Ry Co
Atlantic
14 Va
*
•
—100
—14
50
5
Jun*
May
10%
13%
—
United
Stocks—
Corp
Smelt & Refin Co
Light
Motors
United Gas
Unlisted
85
May
30
445
50
$3
Amer Rad & Stan San
84
84%
18%
Mfg—
.10
Philadelphia Electric Co common—*
8%
Jan
1.00
13,500
11c
9c
9c
16%
Pennroad Corp
Pennsylvania RR—
27
..
iy2c May
100
A
1.90
3%c
Jan '"C;
Jan
28
Jan
7c
1,000
1.90
25c
6%
15,000
3 V2 c
3c.
ls
25c
Imperial Development Co Ltd
Zenda Gold Mining Co
.—
10c
2 %c
10%
Jun
25%
Jan
15%
.
55
a8%
10c-
1,039
Jun
42%
Feb
20%
1,000
&
Storage
Reading
10c
Mng Co—
& S
G
Co
Mng
16%
14%
Jan
28
69
23
18
Co———10c
43% May
17
;
10 % Mar
22
10
Mng Co-—
Cons
Gold Mines
Jan
IV*
.V
Jan
17
Mining Stocks—•
Calumet
Power
Pennsylvania
27
33%
57%
Jan
6%
;
15
-45%
Jan
43 Va
27.
Jun
40%
16%
"108%
•
common
Jan
2nd
Black
Co
V* Mar
a49% a53%
Jun
80 Va
80%
25%
84%
16%
8
Chrysler Corp
15
•*;'
18'';
30%
57% Jan
15%
__
•
54
22
Jan
50
40%
.
'15%
.
*
Co
124
13%
~~
preferred
1,249
80%
3"
•
High
Low
30%
29%
50
Mfg Co common
1,426
43 %
Range Since January 1
High
Jun
5,000
■
1st
Alaska Juneau Gold
G»
Low
10
17
-1
—
Shares
13
c
Corp
70
& Western Air Inc——
Oil
union
Jun
41%
39%
2
5
25
—:—10
Corporation
lransamerica
Transcon
20%
90
Asphalt
21
———'——*
Milling Corp__
Taylor
Barber
1614
1
Oil Corp
Sunray
for Week
PaT
Corp pfd
31
25
•
•
Company—_
Pacific
Bouthern
Standard
May
Securities
70
25
-25
preferred class B——
pfd class C
Calif Gas 6% pfd class A
6%
5%%
Baldwin Locomotive Works v t
Bankers
10
Jan
6% May
Apr
Mar
16%
*
1
25
Corp
Calif Edison Co Ltd—.
43c
13%
Mar
665
11c
lie
:'
Budd
51
51
—*
Aircraft Company
Solar
Bouthern
1,359
a27% a27%
a27 Va
10%
893
9'/a
20% " 21 Va
.———30
———15
—25
Corp—.
Corp—,—1—
Signal Oil & Gas Co A
Trading
Sierra
~8%
(new).————•
Safeway Stores Inc
Security Company
12 %
8%
33c
400
43c
12
1
Co——
,
'
High
Low
High
40c
40C
1—«i—1
—.*
——-
STOCKS—
January I
Range Since
Shares
of Prices
Low
!r Par
..
Sales
Range
of Prices
Friday
1
for Week
Range
Last
■'
Week's
Last
Sale Price
Sales
Week's
Friday
JUNE 29
RANGE FOR WEEK ENDING
38%
May
May
TH£ COMMERCIAL & FINANCIAL CHRONICLE
Number 4399
.Volume 162
LISTED MARKETS
CANADIAN
JUNE 29
FOR WEEK ENDING
RANGE
4
Friday
Sales
Range
for Week
Sale Price
.;
Week's
Last
STOCKS—
of Prices
Shares
Par
Unlisted Securities
Canadian Listed and
Willans
Cochenour
Cocksnutt
Co
plow
Lake
Coin
Petroleum
National
Conduits
Coniagas Mines
Coniaurum
DOHERTY ROADHOUSE & CO.
TORONTO
THE
MEMBERS
LAKE—TIMMINS
Branches:—KIRKLAND
Mining
I v>
:'■;:/■
Abitibi
Sales
Sale Price
Gas
Acme
Area
—*
1
Bakeries
Base
Metals
Bathurst
Class B
Bear
2nd
Bertram
Jun
1.90
Donalda
:
Apr
Jan
4.25
Jan
32c
si
42c
19c
3.60
v
13c
8,OG6
Jan
Jun
30
Apr
26%
Mar
29
30
16%
195
19%
27% Mar
mo
..
17c
17%
4%
4%
1.25
4,500
,
Gold
;
28%
—1
3
Apr
171
"11
Feb
21,600
95c
Jun
39C
46,700
30c
Apr'
10
120
12
■3
52
:
52
Mar
50
150
18c
16c V 18c
21c
34c
■23,500
39c
35c
42c
:
Calmont Oils
Campbell
Canada
Class
Canada
Canada
Malting
Canada
Northern
Eastern
Canada
Packers
Class
Canada
Canada
class
B
1.25
Fanny
Jan
Grain
Federal
Kirkland
53c
Apr
1.20
Apr
16c
Jan
2.23
Apr
23%
24
145
23
Jan
5.45
6.00
3,550
*
23%
1
36%
Canadian
4%
Jun
General
2.35
Wares
Steel
Feb
1.90 May
Jan
30
55c
Jun
77c
Goldcrest
Apr
1.30
Feb
Gold
Apr
Goldhawk
Jun
Golden
Goltien
Gate
12
Jun
52
Jun
Apr
Graham
67C
Jun
Grandoro
Jan
18
Feb
Great
Vtc
Rubber
12
65c
May
22%
Jun
Bridge
Hamilton
Jun
Apr
1.10
96c
1.15
10,400
83c
Jan
8c
8c
10c
16,200
3c
Jan
104
80
Apr
104
Jun
55
56
280
53% Mar
57
Mar
Gold
Rock
Apr
Hard
12%
Jun
Harker
24
Feb
Harricana
10%
Jan
15%
Jan
Hasaga Mines
Heath Gold Mines
Gold
14%
Jun
Heva
Jan
2.15
Feb
24c
25c
5,650
6
Jun
111%
Apr
91/4
12
13
545
122
122
5
55%
56
370
48%
Apr
9%
9%
25
7%
Jan
118
Apr
Feb
Apr
2.40
Jun
6% Mar
112
Jun
Hinde
15
12
470
11
16
6c
7c
8
8%
7%
78c
35
Jun
Apr
16%
Jun
21
45%
75
175
Jan
11%
Jan
17%
39%
Jan
47
Jun
Mar
1st
New
27
Canadian
B
II,100
Jan
20c
Mar
65c
74.767
54%c
Jan
75c
71c
75c
16,400
43%c Jan
1
38c
31c
40c
20
260
5
13
12%
13
1,856
*
—
17
870
Jun
9,545
8
Jan
16%
Jun
44
Jan
'. 51%
Jun
"A"
Feb
Jun
28%
32
45
19%
34%
Jun
67
85
'90
100
21
Jan
13%
1
1
Jan
1.40
30
30
300
30
Jun
35
May
•
100
29%
28%
30
805
22%
Feb
30
Jun
105%
105% 105%
4,547
103 %
Apr
106
—100
105%
105% 105%
1,383
103
Apr
106
37
39%
2,775
7,315
.—;
Pacific
Canadian
29%
Tire
Ry—
32%
Jun
Jack
Jan
58
Jun
Jacola Mines
24%
Jun
Jason
73
Jun
Jellicoe
Jun
J
305
7,650
70c
Jan
28%
1,385
19
Jan
29
161% 161%
40
150
Jan
165
Cariboo Gold
1
*
2.55
100
25
5
2.55
2.55
1,000
1.80
1.20
725
1.00
Jan
1.30 May
Labatt
2.85
14,330
1.89
Jan
2.85
Labrador
1.20
1
28c
22c
30c
30C
700
1
1.70
1.50
1.70
9,674
Chromium Mining & Smelting
*
1.40
1.40
1.40
50
Citralam
1
34C
26C
37c
99,900
Chemical
1
Research
nhesterville Larder Lake Gold Mines
For
Malartic Mines
footnotes
see
Daee
44.
2.55
32c
,
85,200
Apr
53,000
Jun
1.35 May
_—*—1
"44c
38c
46c
28,600
Mines——-1_—1
14%
14
14%
8,358
11%
Jan
15%
Jun
35c
35c
100
30c
Jan
41c
Mar
1,250
50c
Mar
1.35
Apr
40c
—
—
Gold
35c
——1
—
(John)
59c
——————1
1.25
1.16
1.25
.1.39
1.30
1.40
26,650.
—1
35C
27c
36C
26,600
14c
Jan
40c
22 %
23%
10,275
22
Jun
23%
22%
_——
Jan
60c
Mar
take Fortune Gold Mines
Mining
1.00
Luz Mines—
Mines
May
Jun
——
4.40
4.85
14,625
2.35
Jan
5.15
Jun
1.40
1.76
59,060
1.05 Mar
1.76
Jun
Jun
17%
Jan
24% Msr
Jun
7.25
Jan
9.15 Mav
16c
21,800
24
345
6.50
1,200
6.25
7.75
7.75
155
6.15
'
22%
24 %c
12c
22%
15c
—
1.44 Msy
1.67
6.25
Ltd-
Jan
Jun
4.85
&
Mines,
Gold
,/ 55c
—————————J
25c
Lamaque
Apr
18c
70c
May
La
52c
Feb
55c
33c
Apr
Apr
64c
42c
Apr
1.60 May
13c
12 %c May
Jan
75c
Jan
Jan
12 %c
Apr
3c
Apr
Jan
Exploration
Lake Dufault Mines Ltd..!
Jun
Jan
2,000
1.60
Jan
Townsite
1.15
18c
3c
Lake
26c
39c
Jan
5%c
Mining
Shnrp
Apr
10c
28c
Kirkland Hudson
Lake
Jun
25c
8,700
Kirkland
Jan
90c
4,000
73,727
Kirkland
1.42
44,900
16,399
Jun
Jun
24 % Mar
12c
Jun
1.40
'
Jan
46c
Jun
Jun
•;
21%
_
Jun
8%c
20
2.90
Feb
39%
12,800
;
Jan
8c
21
Jan
Feb
31%
8c
16% Mar
22
7%C
Apr
——-1
——■,
16
Jan
7C
,
Jun
—————1
Kerr: Lake
21
1.20
Porcupine Mines
Jun
20
Jan
13c 13 %c
—Y
Kerr-Addison
22
2.75
Central
May
20
15%
.
1
Quebec
Kayrand
21
20
Jan
:
Mines
27,691
——1
Mines—
21
Joliet
1
*
1
Mining
Mines
Mines
21
11%
;
Jan
Jun
'
Uranium
Consolidated
18%
——1
___—„—
Gold
1.35
Petroleum-^
Waite
20
18%
*
—
Jun
35
1.10
26%
*
_
—
Patricia
Mar
1.02
27
Canadian Wallpaper class A—
Class B
Castle Trethewey
16
1.10
25
_—.
A
common
Apr
29%
31#
Metals
27%
*
100
-——
Coke__
&
45%
•
common
& Devel
Coal
30c
10%
Jun
12%
1.10
Feb
16%
71c
25c
6%
Jan
4,450
90c
3,300
13%
2,273
1
30c
—*
——
Malartic
Oils
10%
7,353
1.20
1.00
M
Jun
13%
International
19% May
49% Jan
Jan
21%
13
Jun
*
17
Feb
1.00
May
70
Jan
18%
1.12
14%
345
Jun
15%
13%
20
■.
90
15
;
16 %
Apr
71
Mar
Jun
15%
15%
10
24%
9
21
Apr
.
130
16%
•
1,080
67
9%
90
16%
——
23%
23%
Apr
35
23
10
Apr
1.09
May
23%
695
A—*
Apr
,iv 20
•
32%
com
27 %c
20
*
54%
Alcohol
66,800
32
International
31%
Industrial
v
4.30 Mar
43c
17 %c May
31
2,209
r
Jan
35%
International Nickel Co common—
54 %
Products——
Mar
3%c
48c
Feb
54%,
Jan
25c
34,500
Jan
common
—
Gold
3.05
,
30,000
:
Jan
preferred
Jacknife
13% May
34c
Jun
1,075
14:
8.515
Jan
30
19%
15
10 Vb
Mar
8.450
25%
18%
Feb
20
.1,195
Mar
19%
Dredge & Dock——.—-—*;
17
Apr
Jan
46c
19% May
17% Feb
414
24%
•
Jan
65c
14 %c
18
33 Va
37
19
Canadian
Central
14
■
May
44c
Preferred
798
87c
———"
—
International
16 V8
13%
common—.
Inspiration
Jun
51%
13%
————-25
Jun
9
Apr
Jun
32%.
A
Mln
28
67c
May
Apr
1.40
*
—*
10
Imperial Oil
*
Imperial Tobacco of Canada ordinary_5
Jan
53 %c
Apr
10c
5,200
19%
20c
296,600
12c 13 %c
Imperial Bank of Canada.
Feb
Feb
15c
78,400
1
—,
paid
5%c
11c
41c
Mines
Erie
Huron &
90c
Apr
1.40
Mining & Smelting
class
Ltd
68c
34c
10%c
46c
51
19%
Celanese
Preferred
.
24%
—
Canadian Locomotive
Canad'an
•
5%
77% May
10,020
1
Bay
International
15%
15%
51
23
100
Apr
Jun
Jun
80c
67c
15%
17
•
*
70
100
9
—————20
——
*
Canadian Food
Canadian
__10
27
9
& Foundry common—•
preferred
Canadian
70
17
preferred
preferred
Canadian
75%
Apr
8%
1
Gold
20%
Apr
15c
Apr
1
Class
Jun
123
75%
158%
977
46
24c
Jan
6%
Oil
Hunts
Jan
Jan
3c
2,988
35c
Hudson
12%
5c
29,900
4.00
Howey
33
74,590
/
8%
12c 14 %c
Jan
Jun
9
28c
Jun
12
/ 8% Jan,
1,235
3.80
56 %
Jun
Apr
Feb
13c
;i0%
550
78c
:—*
Gas
Feb
13%
54c
1.05
Paper
&
14%
Jan
Jan
1
Mines
Jun
6%
35c
Gold
Mar
'
3.85
Hosco
Jun
6
30 %
May
12%
22 %c
Yellowknife
Homestead
550
17%
7
57
7,800
Jan
30%
Apr
—1
Oll_
Home
Apr
4%
Apr
May
6%
26% May
7
1
Hollinger Consolidated Gold Mines
Homer
Jan
35
173 173%
15
39c
—
Dauch
&
Jun
13%
125
16%
16%
23
355
200
*
Highwood-Scarcee Oils
55
30
5%
29%
29
•
Jan
1.70
150
23c
Jan
Jun
16 %c
Jan
4
.'—1
11%
8,600
Jan
11c
46
11%
Cadillac
200
13,875
,
4%c
500
13%
1
2l03
2.25
800
7
—
14%
30c
10c
5
■
13 y4
——
1.36 May
16c
,
36 %c
1
Mines
14
1.85
116c
5%
29%
Mines
Gold
1.85
Jun
-•
90
1
1
Mines
10c
Jan
Jan
15%
*
16C
9%c
8c
8c
:
4%
—
Jan
1.80
;
150
Ltd—
Harding Carpets
17%
Apr
22c
Co
10%
14c Mar
87c
44c
Mines—
Gold
-
Jun
Feb
3%c
Jan
Jun
*
Mines
55
21c
Jan
65c
Jan
i
290
12%
May
4c
4,500
9c
Saddlery common—
130
V'.r,
50c
5,600
70c
38c
:
Wire
277
;
6c
Jun
73,600
7%C
29%
181/4
22
26 %c
35c
7c
Apr
31,300
—
Jan
12%
May
43,150
——
Jan
5c
Mar
35c
19c
—
8%c
21
85c
Jan
42c
vtc common—
38,300
12%
Jan
21%c
16c
1
78c
529
27c
19,150
38c
Gypsum Lime & Alabastine
22
29,858
Mar
102
common
Gunnar
21%
24c
17c
Mines—
—
Gold
28c
Jan
54c
26 %c
Jan
Jan
1
—.
West
11%
9c
32,200
40C
;—
preferred
Greening
6.50 Mar
Mar
3%c
17c
46c
7c
Jun
Jun
105
Feb
1
Co
&
Gold
Common
33c
Jun
.—1
—
Bousquet
Preferred
I
!—
Lakes Paper
Great
II,620
116,300
101%
65c
Preferred
Mar
45c
6.95
24c 25 %c
—1
Feb
17%
14c
/
Jun
105%
6.60
50c
Jun
101
May
Mar
17%c 21%c
16c
.—1
Mining
Tire
May
15
40
21c
Golden Manitou Mines
Goodyear
97
105
-4—
Jan
-
Apr
5%
102
104%
6.90
—
Mining
3 % May
10
17
—1
Mines-*
Porcupine
Jun
37c*
15c
Jan
90
16
-J—1
Arrow
May
1.46
55c
——
F.agle
4%
66c
5%c
275
105 105%
III
11%
22
/
105
—1
73 %c
30c
.
24%
——
33c
45%
1,476
104%
Mines
Ltd
Mines
Lake
Halliwell
;
2,485
30
100
Halcrow Swayze Mines
16%
5%
100
Gold
Jan
55%
5
29%
—
Giant Yellowknife Gold
Jun
12%
5
—
1.25
*
3,200
16%
Preferred
6.50
2.05
Jun
10c
«5c
common
Jun
1.90
Feb
5%
8c
I,079
Jun
-
39%
Jun
101
Jun
21
6.25 Mav
Jun
3
100
5.00
21%
Jan
36
1,550
13%
32C
21/4 May
4.30
875
5
100
Jun
24
Conv
Canadian Car
Jan
38
100
—
5%%
34%
common.
28
36
8%c
A
preferred
preferred
5%
Jun
Jun
290
18
Canners
Jun
29%
-1
Gatineau Power common
17%
Jan
1,520
8
.—
Apr
Feb
.•
Commerce
365
4%
*
class
95c
common.—
—
21
123,000
Jun
—*
Bank
14
Apr
6.75 May
325,800
—_—
Canada
of
Jan
2,140
'\,
112
Breweries common
Mar
Apr
May
21
Mining-..—
62c
—————
Preferred
38c
3.05
Jan
80c
common
2,545
*
Canadian
2.26
1.02
Aircraft
Co
12c
:
*
Canadian
2.50 Mar
56c
Farmer
2,200
—50
Bakeries
Jan
72c
—
Class B
70c
98c
13%
'
Canadian
137,100
19%
40c
6
& Cable class A
1.25
21
Nickel Mines-.
Candy Shops
Falconbridge
12,500 :
Permanent Mortgage
—100
Steamship Lines common
•
Canada Wire
1.00
1.15
77C
——:——
English Electric A
1.25
100
Preferred
Jun
Jun
1.02
2,300
111%
A
Jun
11
Jan
——1
16,400
*
*
7%
1,410
——-—*
;
40c
-100
-
;
17%
——.—-_1
Mines
Gold
4%
62c
—1
...
10%
Steel
Gold
Elder
Eldona
5.65
1
Power
10
Jun
19%
■
62,200
1.15
65c
12
—
10%
Jan
Jun
12
Jan
13
Jan
40
Mar
14
•.
Jun
2%
.
4.00
5.00
*
!_
.*
7
290
17%
;
Apr
3.15
1.13
—
—
6,532
18
17
18
Feb
2% Mar
35 %
220
18
17
42c
I—*
Cement common
i
14%
100
672
3.75
5.40
*
-
11%
10%
140
1.
"I
1
Sullivan
•
common.-
10
2t>
•
3%
4i
•
———
40
Mines
East
•
—
2%
2.40
1
_1
—
Preferred
27
44c
*
Lake
Red
4
•
.31
25%
.
25%
30%
25%
•
—
Bread
A
31
•
*
pfd
17%
39
Apr
Jun
2nd
17
2%
<
10 %
May
—
17
2%
1
13%
27
Mills
Jun
21c
25%' Jun
Linen
29%
Feb
13
32
Calgary & Edmonton
24%
9.25
Apr
Caldwell
820
Jun
Apr
24%
25%
*
—
28%
4.95
20%
•
—„——
Jun
Jun
28
28
7,725
25
B
16%
13%
8,900
23%
Class
21%
11% May
10
Feb
Jan
Jun
——
Feb
70
Jan
Jun
—
18
775
60c
11
class A—
140
16
13%
5.40
27%
Extension
21%
15
13%
22c
35c
29,200
Steel
Jun
21%
Jun
55c
Feb
Hill
Jun
4.95
Jan
Bunker
29
57c
Feb
Burlington
Jan
5.25
8%
Burns & Co.
25%
.lie
15%e
16,300
31c
Products
185
28
Mar
118 % Mar
Mines
22%
Building
Jun
27%
28
_50
Goldale Mine
1.10
-
114%
:!
9,900
God's
35c
5
Gold Mines
50
114% 114%
2.00 May
Gold
1,255
Canadian
I,497
65
38,700
Jun
95c
1
ttiitfalo
13c
Feb
133,103
Jun
1.10
—
Jan
42%
15c
171
9.50
.-1
Mines
Jan
3%c
Exploration
4,155
Gold
1.15
7,000
2.80
112%
Jan
Feb
Porcupine Mines, Ltd
3,100
8c
65
1.25
161
Jan
Ankerite Gold Mines
1.65
60
12c
111% Mar
5
405
0
1
Buffalo
Mar
Frobisher
11
Buffadison
17c
Francoeur
26%
Broulan
Jan
2.70
Glenora
19%
-
12%c
1.50
•
Gillies Lake-Porcupine Gold
90c
1
Oil-
21,300
13c
Apr
100
___
Jun
15c 16 %C
Jan
10
B
Jun
2.10
Jan
24
Dominion
95c
Apr
30
'25%
Class
Jun
60c
10
30%
Brazilian Traction Light & Pwr com—•
British
Jun
60c
1,600
2.80
30
500
—
42%
119,500
•
Feb
550
_
Feb
95c
2.10
42% I'
6%c
1
22%
21
class A
38 %
70c
•
On
25
11
Packers——
Mar
25
Co
Mining
Crest
Feb
1.10
——50
Oil—
1.92
1
East
40
11
12
Power
1.50 May
Ford
14%
Columbia
13,100
Fleet
1,515
American
Mar
1.68
60%
—1
Feb
21
„—
Columbia
27
Jun
17
British
Jan
Apr
16%
British
23
May
16%
British
Jun
125
common..*
Jun
1.06
—
102
26
:
—•
-
Mar
37c
& Distillers
Mar
19 %
•
Brewers
90
16c
•
—
1.22
I
Ltd-——
B
Chemical
1.55
112
168%
171
Gold—:
Mines,
araiorrie
class
&
29%
-U
28%
112
-100
—
20
22 %c
4% May
—5
Mines
12,640
102
92c
*
240
40
Mines Ltd
Gold Mines
Bobjo
Bonville
1.60 Mar
1.30
101
,_1
com—
59,700
28,172
1.48
1.75
39
Bonetai
Jun
1.00 Jun
1.00
East Malartic Mines
Duquesne
24 %c Mar
165
.1.60
-100
preferred
Ribbon
70% May
149 % Feb
25
Mines
Goodfish
Blue
Jun
Jan
60c
May
4
45
1.43
—
145 146%
Apr
16
Apr
12 %c May
14
Jan
30
4%
17
40
—
145
-
10 %c
1,775
19
80c
"
Mining—
220
146
100
—
Federal
51,350
15c
:
1.65
Mines-—
Jan
Jun
'
1,03 May
Jan
—1
—-
Hats
Apr
Mar
1
Gold
Biltmore
29c
/
74c
30
—
—
Kirsiand
Sidaood
Jan
35c
4%
Sons
&
Kevcourt
16c
15c
of Canada
Gold
River
Berens
44,800
3,400
i
Belleterre
Mar
4.05
—
preferred
May
21c
23,000
4%
Radium——
49
Dominion Woollens common
May
'231,150
137,250
-■
Bros class A
1,070
7%
5
Jun
29c
-■
70c
28%
—
Bell Teiepnone
Jun
50c
Feb
Y
j60c
19
-10
—
Class B
51c
Jun
May
27c
;'•?
Jan
1.20
;—1
&
Mar
6%c
Apr
10c
50c
common—-----
Exploration
27c
37c
96c
Jun
16c
94c
—10
Beattie Gold Mines Ltd
Beatty
60c
3.80
———
A_
9.55 Mar
41c
-——
Power
Jan
7.60
59c
„10
Barkers
Mar
1.13
—„
Toronto—
8,250
1,276
1.13
19c
16c
Bank of
Invest
—
Jan
16c 1
38c
Scotia
68
common
Scottish
73c
3,000
1
Nova
Malting
Preferred
Tar
24,100
1
Montreal
67
& Steel com
Stores
lie
Mines
of
67
—,
Dominion
Steel
48C
Consolidated Mines
of
May
common—
Dominion
Jan
Dominion
42c
Eagamac
Bank
14
——100
Mar
19c
Dominion
10c
Bankfield
bank
25
6% Mar
'
1
1
Mines
Geld
Aunor
14%
—
2.35 May
Dominion
45c
4ic
14%
common
Foundries
Jun
37c
;
2.09
.—5
;
Dominion
Jun
46c
67c
Jan
10
Jan
39c
1
1
—
Mines
Aumaque Gold
1.45
—1
preferred—
18%
10%c
■T
5,165
Bank
105%
..
1.70
1.20
Ltd
129 %
15,300
49,700
37,500
16,100
18c
Mines
Jan
27C
'/
Dome
Jan
27C
18c
—l
Mines
Ltd
Aubelle Mines
69C
21c
24c
1
—
Yellowknife
Atlas
60C
27c
———'—1
1
Mining
Quebec Mines
Astoria
65c
1.62
.100.
—
100%
260
,
2.25
—
Mines
Seagrams
Apr
Jan
95
9.00
Jan
————1
Gold
Dairies
20c
Jun
14%
270
1
Arjon
Gold
Mines
Armistice Gold
Ashley Gold
10c
645
1
Gold
Gold Mines Ltd
Arntfield
16,400
85c
1.33
„•
Dominion
Feb
13c
8.80
200
1,300
Petroleum
Dominion Coal
1.25 Mar
12c
17%
89c
7%
2.00
1.85
Dominion
14 %c
17
8.80
7
42%
Jun
Jan
10c
104% 105%
—
Anglo Huronian
Aquarius Porcupine
2,500
95c iv/
May
Jun
Jun
1.95
42%
Jun
170
124% 127%
pfd—100
5%
85c
4.35
14%
Gold
Jun
Jan
1,800
17c
17
Canadian Oil
Anglo
2.00
15c
12c
Jun
.100
Patricia
5%
Mar
7 %c
6,000
1.90
125
35c
Pass- Coal
Nest
62 %
2% Mar
,
200
44
140
3,920
:
9c 10 %C
9c
•
common—„
of Canada
Co.
166
15c
common
Ltd
aluminium
5%
2,800
High
Jan
1.70
(Toronto)-
Preferred
High
Low
62%
166
1
*
Range Since January 1
/,
6,185
4%
.
39c
Aircraft
Distillers
High
57%
4%
58 %
1
Copper
Algoma Steel
Aluminum
Shares
—*
Oil
&
Ajax Oil & Gas
Pacific Consolidated
Alberta
Aldermac
of Prices
*
—100
—100
———
May
1.52
Denison
for Week
Paper common--
preferred
7% preferred
78c
1.60
Davies
Range
:k-t->.*■'!i '*■ :•;," Far
&
Power
6%
Jan
1
Cub
Funds
Low
43c
Low
—5
& Smelting
Delnite Mines
■;
23,258
Croinor Pershing Mines
Last
STOCKS—
65c
——.
•
Toronto Stock Exchange
Week's
57c
Exploration ——\
Crowshore
Friday
12% May
15
65c
——
Corrugated Box preferred
Cosmos Imperial Mills
Crow's
Canadian
895
—
Bakeries
Conwest
Toronto
15
2.94
"1-1
Mines-
Consumers Gas
v
Cable Address:—"Dohroadco"
14%
35c
—
Consolidated
CANADA
STREET, TORONTO 1,
293 BAY
Telephone:—Waveriey 7411
14,575
——-
-———
Consolidated
EXCHANGE
STOCK
4.15
1
.—
Commonwealth
High
3.85
141/8
——
—,
Range Since January 1
Low
4.15
Mines- ——1
Gold
J.
Apr
Jun
'
THE COMMERCIAL & FINANCIAL CHRONICLE
42
LISTED MARKETS
CANADIAN
RANGE FOR
Week'®
Range
Sale Price
Par
Lang
&
Sons
Mines——
14c
15%
17c
6c
6%C
1.31
1.35
1.39
42c
38c
45c
Lingman Lake Gold Mines
Little Long Lac Gold Mines Ltd—,—-,*
Loblaw Groceterias class A
*
51 %c
50C
57c
1.85
1,75
1.85
28
28
28 y4
——*
—1
27
26
27
—,—1
-.1
Mines
Oro
Gold
Leitch
Ltd
Mines.
Gold
Lexinden
—
;
<_——
Class "B"
,
Jan
Jun
17
Apr
Jan
10c
Apr
Stedman
Feb
Steel
10,700
14,400
1.15
I
1.50
Jan
22,900
35c
Apr
50c
Jun
57c
—L
Co
of
Canada
ii
Jun
Steep Rock Iron Mines—
Jan
2.10
Jun
270
26 */4 Mar
153
25
28%
Jun
Budbury Contact'
Mar
27
Feb
Sullivan
10c
3.30
17
17%
1
4.80
4.65
4.90
64c
60c
65c
14,200
*
20
20
23%
1.82
1.90
4.15
4.40
3,765
3.85
Jan
4.50 May
2.90
3.20
10,550
2.25
Jan
3.40 May
Tamblyn
(G)
common
Teck-Hughes Gold Mines
Thompson-Lund Mark Gold Mines
2:70
2.52
2.70
14,794
2.17
Jan
2.85
Tip Top Tailors
3.65
3.55
3.75
8,200
3.25
Jan
4.15 May
Maple
Massey-ttarris
common—
Preferred
14
Preferred
Oil common
——
—,—
385
3,250
78c
77c
81c
13%
27%
27%
28
6,780
9%
11%
106 107%
9c
63 y4
7c
15%
80Q
19c
18c
23c
6.40
25c
24
,/
63%
77c
22%
.23%
17c
——..1
25c
25c
Grocers
13%
28
28%
26
A
class
Sewer
National
65%
Jan
30c
13y2
55c ;
30
Jan
14c
Jun
28
May
3,025
^5
Noranda Mines
2.65
56%
56
57
Malartic Mines-,-—.
1
*—.—1
1.00
85c
——1
13 c
12c
Normetal
*
—•
79c
70c
16c
•
*
5
1.25
Mines
..
Mines
Canada
Northern
Oil
Star
Ltd
Corp
Mining
Northland
13c
.
Ltd
19,650
common
Preferred
1.00
:
Jan
75c
Steel
Ontario
64c
3.00 Mar
59%
Feb
50
Gold
Orenada
Mines, Ltd
Ottawa
Ltd
Jun
7c
Jan
20c
20c
89c
36,505
1.10
1.25
8,580
7ya
1,385
6
100
12%c
1.10
Jan
7%
Jan
5
Jan
6ya
2.26 Mar
3.90
5%
& Refining
Pacific Oil
'•/'/' '■
,/■"
Pacific Petroleum
———
44c
Jan
58c
45,700
22c
Jan
39c
Apr
Beath
41c
38c
44c
18,305
34c
Jan
68c
Apr
British
19
19
25
19
Jun
10
10
50
11
Mar
80c
69c
80c
44,000
lie
11c
16y2 May
9
69c
5
100
Jan.
;
Jun
:
v
Mines
1.20
Mar
Jun
•/'
/;'////;I h.
1
i
/v
/
p
29
Canadian
Western
29
Jun
36c
33c
37c
31c
30c
34c
1
IOC,
9%c
73c
65c
28% May
475
12,082
;
1.19
2.12
Jan
Jun
37,451
8c
Jan
44c
Jun
27,000
28c
Mar
64c
Apr
22,600
5c
Feb
16c
May
177,100
37c
Jan
75c
Jun
•;
11c
75q»
1.50
1.60
19%
1.06
3,800
19%
1.51
15
25,580
18
20
Feb
3.65
4.45
5.75
6.60
14,241
_————1
70c
70c
80C
14,200
70c
Jun
Porcupine Reef Gold Mines-——.——1
Powell River Co—
—
1
35c
30c
35c
52,900
25c
Mar
Pressed
Metals
21
22
>860
1.10
1.35
9,600
98c
4,500
81c
Proprietary Mines
Mines
Preferred
52%
52 y2
5
150
14
14
15
2,70
2.90
13%
13%
24c
26c
7%
7%
8%
45
46
48
615
—
Quinte Milk Products--.———
..
——
Regcourt Gold Mines——
25c
:.
85c
Apr
May
Reno
Gold
Robertson
' (P
L)
Preferred
—
85c
11%
Apr
15c
Feb
45c
Royal .Bank
—
97c
9,916
90c
—
18c
St
Lawrence
4%
Class
A
Aircraft
deHavilland
Dominion
Bladen
40
80
42
60
16c
3,700
45c
52c
46c
22,700
18
18%
371
1.39
4%
Minnesota
Oil
3%,
4
25%
28%
330
350
Southwest
Springer
Standard
Shop
&
Tennskamiiig
For footnotes
3%o Jan
25
65c
Jun
9%
Jun
May
Feb
25c
14
Feb
May
Range Since January 1
High
Low
High
11 /
Apr
34
May
46
Jan
130
Apr
145
8%
Jan
10%
80
40%
765
145
15
4.00
5,584
2.25
Jan
70
72
256
45%
Jan
,■■■■''
15%
15
'
50
Jun
4.15 May
75
■
15%
:
Jun
Jun
15
9% Mar
14
15
100
11
Jan
3%
/ 4%
3,450
2
Jan
190
■:
215
17,450
'/:■/
32c
V
17
20
Apr
17
8
2.25 May
10%
Jan
Jan
•
35%
345
1.45
1.50
18
18
18%
12%
12%
i3y4—
5%c
46c
1.77
■/
/
50c
,
Jun
Feb
37%
Jun
Jan
1.58
Feb
15% May
18%
Jun
29
1.28
3,645
12%
Feb
14%
Feb
5%c
1,000
3%c
Feb
9%c
Apr
54c
23,050
24c-
Feb
1.30
5,400
25c
201
21c
130
55c
Feb
13c
8,500
*
'
11%C
2.40
Apr
1.55
11%C
Wb,,„
1.20 May
Jan
2.05
22c
1.50
1.95
■
440
Jun
Jan
40c
25
2% Mar-
1,400
n.—'-
4% May
/
Jun
28c
180
,
34%
35 Vz
1.90
1,600
37c
;
■
6,371
9%
9
32c y
30c
19c
7%C Jan
Jun
Apr
1.55
Jun
Apr
Feb
Jun
STOCKS—
.
Jan
10c
May
Jan
33
Agnew-Surpass Shoe
Steel
Algoma
common
common
34
35-
Mar
40
Jun
Feb
46
May
Jan
28c
65c
36%e Jan
15
Jan
May
18%
2%
Apr
Asbestos
Electric
4
Jan
Corp
1
70 c
13%:
18 % May
29%
17%
«•
Bank Note——.—
American
Jun
Columbia^ Power
Corp ;"A"—•
Northern Power
31,000
4%c Jan
17c
Apr
Canada
Steamship' common—
Jan
1.35 May
72c
30)633
68c.
May
14 y4
1,020
12%
Jan
16% May
35
15
30
Feb.
35
Jun
19
250
15%
Feb
19
May
6%c
7c
10,000
15%
16
640
*
25c
25c
28c
1,500
"
1.41
1.35
1.45
6,200
*
8
8
9
4,405
Jun
10 ya
100
82c
Mar.
Feb
15%: Jun
May
101'% May
58c
Jan
50C
Mar
23
■
Jan
90c
64c
25
May
Feb.
5%
3c
Apr
Mar
14%
Jan
9%c May
Jun
16
15o
Feb
30c
7-
Jan
Apr
1.84
161
"*3%
Feb
22 %
Jan
200
21
Jan
26%
.
4%
"9,925
4%
2
May
540'
11
Jan
16
730
18%
Jan
22
350
17
Jan
24.
1
5
i
,
New
preferred,
Canadian
———
Canadian,-Converters
Cottons
Preferred
Canadian
Foreign
Mar
Canadian
Ind
Feb
9 % Jun
Class
common
—,—__c—:
Jun
Jan.
27
Jun
15
Feb
16
Apr
Jan
10%. Jan
.9%.;
Alcohol
"B"
Canadian Locomotive
common:
675
17%,
2,180/
160'
50%:
51
18
13.
13%-/
32
,
,55
„
.48
*
*
*
27%
27%
27,
41%
"9
9
:
8%
28%
28%
27
.42%.
10%
9
30%
2,455
:
31%
27%
100'
,
165% 165%.
48.
795
-
54%
—•
"/Jun
20
10,526-
125
Jun
May
100
16
100
Jun
Jun
115
9%
16,%
■
; 13
9%. Jan
jun
27
13!;
—*
——-»—25
Investment
570
;
.16
46
100
——
'
16'
18
—
7%
13 .V*
12
45%.
Celanese common——
.Preferred
.
50%;
:—.——i—.—
Jun
15%
26%-
•15%'
15%,'
Canners Ltd common
Jun
27%
Feb
17%
3%
16%
45%/
-Preferred
Canadian
Jun
/
,
25%
•—
Canadian Car & Foundry common-
Jun
18
170
Jan
17%
17%'
25
Canadian Breweries-; common—.—.
26%
:
17% Mar
Mar
15
1.25
;;■■
16
preferred
Jan
Jun
425
12%,
Canada
6%C
Jun
17%
13
431
21
Jun
15%,
105%
5,293
21
20:
*
Jan
'
Building Products' 'A'„—•
Bulolo Gold Dredging .—————5
16% Feb
100
100%
26%
25%
22
480
195
127%
'
21
19%
15
Jan
20
170
169
25%
21%
Forgings class: Av —
Inon Foundries, common—.
100% 100%
94%
Jun
35
,
Jan
99
1,875
.
16
Canada
14%,
75c1
May
19
Feb
2,180
17%
15
—-—
Canada
1.06
<
15
Bruck Silk Mills-,.
Canada- Cement eammonL——;——
70C"
23
Jan
879
26%
17
•'
170
1.45- Apr
13%.
25%-
25%
Co of Canada——100
Bell Telephone
Jan
3.550
Jan
14%
97%
;
Brazilian-Traction Lt & Pwr———*
31c
.
20
85
105%
16
110,000
16c
14% Mar
430
127
17
British
191
100%
126
.105
—
British
Jun
Jan
10
5
•V
99
*
*
Bathurst Power & Paper class, A
Apr
May
9%
665
17%
17
preferred—100
Corp—
80c
1.35
50
23
23
23
99
22 y3 Mar
35
High-
Low
ii
May
II %c
Range Since January 1
High
11
100
Ltd
Jan
13c
'
Low
*
—.—•
——
Mar
1.25
1.30J
Shares
*
Preferred
19 Mr
13 %c
for Week
'
65c
75%c-
Sales
Range
of Prices
Glove Works Ltd common——*
Aluminum Co of Canada
30
Week's
Sale Price
Par
Acme
Amalgamated
4%c
Funds
Last
Friday
4.90
*
35c
11,800
13
Canadian
18c
10
44.
5.00
Montreal Stock Exchange
Jan
7,300
page
32,400
15c
9% //:
'
III 1
—„—:
Jan
24
see
.—*
—.
Mining
4.05
53c
-
45c
215
.
5%c
24
Chemical
Jan
3.75
#
3,000
51c
Sturgeon
Jun
3.30
38%
3%
—1
——i
3,218
1
Petroleum
Jun
18
14
•
IIIi
12c
——20
Co
90
Apr
15J/8
:
—5
—
4.75
11,640
Ejid Petroleum
Jan
16
13
—-
Investment
Southmount
Stop
Paper
—*
—;
i
Oreille
Pend
Canadian
South
Southam
68%
400
5,397
88
35c
%
Selections
Osisko Lake
10c
4.60*
75c
—
Ontario
Jun
19'
70c
Mines—
362
18
4.70
87
10
_«
—
&
Jun
28 V*. Feb
1
9,944
■
Steel
Hayes
60c
155
100
76,000
4.60
'
X
70c
200
•
-
Jun
3.75
»
—/
Oil
Foothills
Jun
21 y4
*
—
Apr
14
39
,
*
common.
Feb
34%
35
preferred
41c
Apr
20c
13%
145
:—
40c
20 y2
1
Gold- Mines—
Co—
,
34 ya
50c
—
Mines.
Malartic
(N)
40
15c
160
1
Class "B"
Slater
20
1
Pherritt-Gordon
4y2 %
7,100
33
28>
Sigma Mines
Gold
9%c
4.70-
Silknit, Ltd new preferred
Simpsons Ltd class "A"
New
9c
18%,
.1
Jan
6
;.
I:/'
♦
Bridge-
20c
500
9,600
33
—•
Gold:
55c
45c
9c
50
Shawinigan
Shawkey Gold Mining
Siscoe
■
—1
——
Creek
55c
40c
41c
.*
San Antonio Gold" Mines Ltd
Sheep
.1
•
Sand River Gold Mining—.
Senator Rottyn, Ltd———
Feb
8c
16c
■j,
Low
r.
•
Jun
10% May
Jun
10
Corp common
Feb
JUn
101%
Sales
—•
1
Jun
1.15 Mar
Jan
250
io
,
1.63
20 %
Feb
Shares
2
Lumber——
Oil
Dalhousie
Jan
8%
Jun
24,248
*
I
—
...
Royal ite Oil
Jun
Jan
for Week
1
——
Jun
46
Jan
4%
1,000
41
Russell Industries common——..
1.77 Mar
f
Jun
40c
Mar
8.30
_
Rouyn Merger Gold Mlnes__.
Jan
99
12,000
:v
Range
•
Apr
15
:
6% May
41
90c
1
Apr
22% May
Apr
1.20
32,400
Apr
79%
Mar
21
700-
'
Week's
—
Feb
26,950
33
—
69
4,000
9
of Frices
———
3.45 May
Jan
.200
■
1.98
16
2.45
4%
common——*
—
Roche Long Lac——
Jun
5.10
Exchange-Curb Section
—1
Vinegars
Mar
6.75
I.
Jun
1.65 May
12%
60
4%
:,
4.50
1.05 May
26c
/
Jun
May
8.25
1
Riverside Silk Mills class A
5.845
14 %c
*
Silk
Aluminium
Reeves-Macdonald
Jan
2.00 May
Apr
*
Queenston Gold Mines—.——
Mining
22
Jan
1
-1
*
Quebec Gold Mining—.——
Jun
13% May
390
45%
7
1.15
6,200
•
1
-——
Quemcnt
6,900
2.80
Mica
45c
18% Mar
1,110
1.70
—1
—.
——
Jun
17c
Apr
'
1.65
Mines
—
Purity Flour Mills common————
Purdy
1,15
12%
1.61
Apr
May
6.75 Mar
Jan
1.00
10%
1.00
4.45
1.01
Jan
—,—1
————
Dome
East
Preston
Jan
Jan
1.35
—100
Trust
Premier
4.35
21%
Gold—————1
Voting trust certificates————Power Corp
—
*
Premier Gold Mining Co———1
-——
,
2.40
1.75
Jan
6.40
Rouyn
71c
1,000
:
11%
•*" ■'/
Jun
4.25
Powell
32c
95c
Friday
Preferred
90c
—I
Porcupine Peninsular
Jan
Sale Price
:——-
Marconi
Mar
1.88
B C——.
12c
18
13
;.
& Paper com—*
Brown Co common
Canadian
50c
1.80
———1
Mines
Mines of
Gold
Pioneer
Jan
16% Mar
165
_100
Apr
9,740
:*
Gold
Pickle-Crow
Jun
2.59
:
Jan
910
45C
—*
Preferred
Bruck
90c
28%
Engravers
'J"
12-!
17%
»
Columbia Pulp
Canada
75c
——1
——1
..
Photo
6%
Apr
1.85 Mar
Mar
1.05
4.70
class- A
Ltd
Feb
87c
Mines—
Gold
Malartic
Partanen
Paymaster Cons Mines Ltd—
Perron Gold Mines.—
3%
6
20%
*" Par
■■;;/
Jun
Jun
1
Jun
20
5
—*
1
—
STOCKS—
8
45c
—,
_—
4
1.00
87
100
—
'
Paramaque
46% Mar
3,726
105,250
1.43
11%
/- '/''
18c
-12,900
1
Apr
12,700
22Va
•
67 %C
Jan
53c
1.85
—
Jun
43
23.050
78%
k
18 C
1
*
—
Jan
45c
28%
—,
Apr
22"
100% 101%
Consolidated Paper
Pandora Cadillac
Jun
30
Jan
~
10c
48c
*
Ltd
Mines
Porcupine
76%
>; 1.20
20
•
■/:.
Apr
600
"
*
(new)—————.
Hersey
Page
Pamour
Jun
61c
May
27%
16ya May
Last
Jun
50c
♦
1
——
Jun
9%
V
-7% May
36c
20
4,285
■
,
4.70
;
1.00
—
—
Toronto Stock
Feb
37C
9,750
4.50
22
1.63 Mar
Jan
49c
8
Feb
14%
;
'
535
25c
76%
com.
Mines
common
Apr
16c
12c
Jan
165
.
80c
4.60
Girl
Apr
i: 26c
64c
V
May
3.15
Apr
Feb
3,950
8
108
? 17% May
Jun
'
25c
1.35
Mines
Yankee
28c
i
11
1,560'
18c
74c
80c
—1
:
Worts
&
;
Knitting
2.80
—•
.—.—
—
Jan
Apr
Apr
Jan
14c
—*
Oils
"
,
6%
14%C
common
York
10
Car
Pacalta
48c
Apr
1.40
ADr
36% May
Feb
Jan
17
,14,359
2.05
—
Ymir
36c
1
3.05
100
'"50
.
13%
——1
——
3.05
Mines
28%
24 %c
Jan
88c
25 % May
1.65 May
85c
21,835
5%
1.90
.12%
preferred
Yellorex
Jun
6%c
6
preferred
Crush
Orange
Jan
5
4%
14 %c
—
Preferred
May
Jan
6Va
—
90c
5
45
1.90
Combing
Wright Hargreaves Mines
19
Gold Mines—
V 44%
.4%
:
Wool
•
1
O'Leary Malartic Mines
Omega
Mar
Apr
Jun
79c
3.10
10
51,150
.
5.65 May
Jan
Jan
205
20%
12%
Wiltsey-Coghlan Mines
Winnipeg Electric common—,
1
*
Mines
Gold
Okalta Oils
19%
44%
.50
i
■
O'Brien
17% May
3.50
1,730.
20
—
Malartic
4%%
Feb
39c
6,700
.
1.85
Jan
2.35
30,550
1,000
13c
-
.
29c
;;
1,590
?
15C
Oil
Feb,:
1.26
29,200
2.85
—
Norgold Mines
Nerth
2.85
•
Nipissing Mines
Norbenite
10%c
156,300
■
Apr
16%
51c
12,562
45c
~6
—
Lake Gold
West
Jun
44c
Apr
3.40 May
'
Jun
29c
May
'4.05
Jan
700
.30
.
Preferred
Jun
22
40c
40C
30
Oils
Wasa
Mar
Feb
26
50c
1
——
—
15c
Jan
8%
40c
—
Mines
Vulcan
Jun
Feb
42c
—.
—
Jun
Jun
Jan
560
14%
—
Oils
Vicour
Feb
Jan
Steel
Vermilata
Apr
22%
———*—1
Mines
:
12%
.25
Walker-Gooderham
1.10
17% Mar
1.60
14%
.$1
;
Walte-Amulet
100
21%
1.41
3.35
1.50
255
1.72
*
"A"—
Jun
26%
690
26
20
1.60
—
Yellowknife
Nordon
,
20%
Bidlamaque
New
Nib
'
.
*
National Steel Car—
Negus
,
1.40
common
Ventures, Ltd.
Apr
24%
12
1,000
28
—
—,
Jun
80
37c
Feb
May
Jan
20c
220
12 %c 12 %c
_——20
25c
Preferred
%
2.50
,17% ,17%
1.60
8%
class
B
United
6.90 May
25c
Mar
57
30
National. Petroleum
20c
74% Jun
■
.
.
4%c
103% 103%
17%
Upper Canada Mines Ltd—_
Jun
33c
Jan
53c
23,900
13%
Class
Apr
20% Mar
978
common———/—•
Lac—
Fuel
Westnns
National
Apr
3.910
4,000
33
—*
—
Co—1
Gas
United
May
16
Jan
20
1,310
64
63%
8c
39c
Jan
1.99
13,100
■
May
13a50
,
31C
—
35%cMar
Jan
j. 17c
115
24%
72c
75c
32
26c
103%
100
2——
Union. Mining
United Corp class A~
Class B
1.85 May
Jan
12%
3,000
22 %■
•
16c
15,655
22c
Jan
67% Mar
22%c Jan
47,200
5.80
Jun
4%c Jan
8,910
15%
44
•
41,410
30c
pfd
;
—
Jun
19c
1.35 Mar
7,000
26c
28c
~
Moore Corp common
Mosher Long
5%c
6.35
———V
Gas
&
4,850
——————L,
City Rapid Transit
Union
Feb
107%
59 y4
Finance A
rights
Twin
Jun
12
Jun
8c
„
2,630
20 %C
15%
—..
—
64
1.65
I
1.55
280
;;——————;•
—
28
..
Jan
Jan
Jun
May
105.
500
23c
——.—*■
.——,—*—1
Modern Container common-.
*
Moneta Porcupine
1
Montreal Light Heat & Power
Corp
Oils
Model
8%
85
9c
63
5%c;
Mining
13%
Mar
22
A
32
31c
.1--^-*
common—
Transcontinental Resources
Apr
1.09 May
..
8 % Mar
1
—
Elevators
Traders
Feb
Jun
15 %c
—
Towagamac Exploration
■
McLellan Gold Mines__
..
—1
McMarmac Red Lake
Gold——
1
McWatters Gold Mines———•
Mid-Continental Oil
Jun
792
1.60-
Mines
77c
6,245
10%
Jan
common
Gold
Toronto
Jun
16%
Apr
80
To burn
Apr
22
Jan
12
17%
v
15,100
12%
—1
Lake
Red
Mercury Mills
js.
56
22
10e
Segur
McKenzie
j
14%
_•
—
May
12
Feb
10
100
Jan
Jun
9c
Jan
2c
15,800
"
12%
———*
Mclntyre Porcupine Mines
5
/
14
20%
10c
20
•
10O
>—
McDcugall
12
—
Marcus
McColl Frontenac
5%c
5c
1
—1
^——*
Maralgo Mines —
Gold ———
4c
12
21%
—
Leaf; Gardens pfd—.——j—10
Leaf Milling Co common
•
8
May.
2.4Q Jan
6,770
•
4.15
3.20
Jun
May
Mar
•
Jun
16
67
.
800
2.60
*
Maple
'i
9c
Ltd
——<—1
MacLeod-CocKsnutt Gold Mines——1
Madsen Red Lake Gold Mines1
■Manitoba & Eastern Mines__
34 c
32c
3.15
80C
1
*
34c:
5%
Feb
* 72
12,470
2.10
Jun
—
2.90.
9c
54c
Fields
2.80
2.83
3%
14
<■
35
3.20
16,100
Gold
-325.
79'
,
2.45
61c
Malartic
74%
79
.
1
54c
.
:i.20
34
1
58c
Mines.
42
—1
-—-—;
Jan
Yellowknife Gold
7
Mines
Cons
89c
Maeassa
670
Sylvanite Gold Mines
17,600
1.30
7%
73%
74%
1
1.37
Goldfields
225
42
•
Sturgeon River Gold Mines.
1.23
1,000
16
7%
25
High
LOW
5%
15%
—•
—
Range Since January 1
High
5%
5%.
•.
;
common—
———
1.15.
Lynx
t
•
7%
Bros
Preferred
Jun
48c
26,100
■
Low
Standard Radio
,
2.09 Mar
Louvicourt
Shares
——•
3c
10,050
Lebel
Apr
—;
Preferred
9c
605
5c
Standard Paving common
18 y2 Mar
22c
15%
25,800
16
Jan
15%
490
15%
15 V2C
1
—
for Week
Par
High
Low
18%
STOCKS-
Range Since January 1
High
18
18
Candy
oecord
Laura
Low
———
Cadiiiac Gold
Lapa
Sales
Range
of Prices
Friday
Shares
Friday
STOCKS—
Week's
Last
Sale Price
for Week
of Prices
WEEIC ENDING JUNE 29
Sales
Last
Monday, July 2, 1945
7 %
17%
Jun
11%
Ja n
40/
Jan
46% Feb
Jail
16
8%
,,
51% Jun
44%, Jan /'
18/
10'
Jun
Mar
Jun
,18
/
Jun
14% Jun
32
JUn
28
Apr
300
46
Jan
Jo
160
Jan
8
-
46
May
49% Jun
Jan
27% Mar
687
100;
26%
28
Feb
47
Mar
Apr
10%
6%
Apr
Jun
270'
Jun
'Jun
Jan
27
33
520
59
167.
6%
10
150
3,030
,
15% Mar
Jun
9% Jun
35
Jun
.
THE COMMERCIAL &
Number 4399
162
Volume
LISTED MARKETS
CANADIAN
Last
'■r'1 Par
Plow
Consolidated
Glass'*-:T——-—^-,i——
Consumers
Distillers Seagrams
Dominion
*
& Steel
Foundries
Stores
Dominion
Textile
—
Electrolux
*
Power
5 7c
(Charles)
16%
common———
Smith
Jun
16%
Jun
Canada
&
Jun
Canada
Malting
12'%
32
Jun
29
Jun
Canada
12
Jun
18 %
200
17%
5,110
79%
487
Preferred
Power
—
the Woods
of
Lang
&
Lindsay- (C W)
Jan
9% May
Canadian
Marconi
9
Jan
Canadian
Power
20%
325
490
v-
105%
920
17
?
15 %
,
Oil
(J S)——
Mitchell
Mitchell (Robert)
v
Molsen's
——
Brewery
Montreal
••
Cottons
Preferred
Montreal
Jun
Jun
Claude
21
520
30%
Jan
V 4,593
13%
Jan
Jan
7%
Feb
7%
Jan
Consolidated
Jan
27%
Apr
Cub
39% May
2,132
21 %
Jan
33
Apr
108
108
97%
3,585
34%
21 Va
Jun
108%
Jan
113
Jun
Fleer-
31%
25
26%
Jan
35
May
Ford
100
11
Jan
12
Feb
200
107
Feb
109
Jun
31
Jun
12
12
109
V
109
30
210
24% Mar
18
18%
530
16
Jan
16
50
15%
Feb
19
19
120
18%
Jun
20
7777,
12%
12%
11%
60
60
75
3,070
8
Jan
Minnesota
25
Jun
Montreal
—100
105
May
865
37
May
25
25
26
*
56
56
*
100
————
Ottawa Lt Ht & Power common
.
—
-
A
Regent Knitting commonPower preferred
Lawrence
Class
A
Corp
18
60
Lawrence
Flour
St
Lawrence
——. 11
Paper
Mills
Breweries
—
22
12
34
35%
11
Mount
Jan
100 Va
Jun
99
Jan
Jun
29
May
57% Mar
61
Jun
18% May
Canada
of
United Steel
Corp
Biscuit
Viau
(Hiram)
G
(George)
Weston
Wilsils
Ltd
Wirmipeg Electric
Preferred
1
Zellers
5 7e
Ltd
common
Ontario
33%
Jan
38
Jun
67
75
20
1,845
23%
66%
50
30
200
27
:
40
58%
16%
•
Purity
6%
Nova Scotia
~6
6
14
14
3%
14
Mar
-
,
Feb
14 Vb
Jun
40c
2%
Notes
_
27
26
145
23
Feb
13
107
10%
Feb
13
100
57%
Feb
65%
'•A 10
205
6%
Jan
14
10%
14
Bridge
Jun
20
20
21%
21%
11
60
8 J/2
530
45%
451/2
23
45%
451/4
345
36%
7%
41
TOO
44 Va
40
—
7V2
1,225
8%
Jun
Jun
45%
Jun
Jan
50
25
15
16
96
7% May
26%
26%
28%
27%
Feb
Mar
Jan
10
Jun
Jan
111
Jun
467
,
107
60
24c
25c
15,151
22c
Jan
30C
Apr
10%c
13c
813
5c
Mar
13C
Jun
26
25
30
Jan
20%
250
Jan
21%
Jun
6
150
3%
Feb
6%
Jun
10
114
7%
Jun
11% Mar
33
Manufacturing Co
33
105
29 7/b
Jan
33
26
Jun
11'
"
16%
Jan
26
Jun
88
16
Jun
Bralorne
Ltd
Mines
Jun
19c
Jan
3c
Jan
23c
May
3,100
75c
Jan
Jan
1.80 Apr
51c
Apr
Brazil Gold & Diamond
Cartier-Malartic
Centermaque
12 %
Jan
15
Mar
58
Mar
62
Jun
70
Mar
78%
Apr
22'A
18
Jan
20% May
100
19 3A
Jan
22
Jun
6%
Jan
14Va
Jun
75
Jan
89 Va
Jun
23
Jan
28
Jun
25
36% Feb
27
May
110
28% Mar
29
Jan
Jun
16
16
170
16%
17
1,607
14
Jan
17%
Jun
21
30
19
Jan
21
Jun
19
19%
29 '
29
18
18%
8c
35c
3,000
6c
500
18c
2,000
7c
May
31c
May
11c
13c
6,900
6c
Jan
18c
May
Jan
54c
Jun
Jan
15%c
Apr
1,347
435
49%
1,213
Jan
15
16%
27
15%
Apr
May
19%
Jun
29 Va
Jan
Jan
18%
Jun
$5,000
49Va
Jan
49%
Feb
Gold
3
30c
26c
35c
114,620
May
?
1
50c
40c
50c
22,100
33c
Jun
60c
Jan
?
-1
*
26c
23 %c
30c
6,000
10c
Jan
45c
May
(
28%
281/2
100
Jun
/
1.18
7,000
3.25
Mines—
Mining Corp Ltd—
Dome Mines Ltd
East
26 Va
Jan
1.15
^
Gold
Formaque
Jun
7,100
52c
Apr
7.00
May
70c
5,000
20c
Mar
3.30
Apr
1.45
400
,310
37C
12,500
20%c
3 Vac
1.25 May
Apr
Cadillac
1
37c
J.-M.
Consolidated Gold Mines Ltd—1
8%c
8c
8%c
■21,100
1
66c
56c
70c
23,800
-—1
13c
13c
14c
3,000
7c
Jan
18c
Jan
Joliet-Quebec Mines Ltd
Kirkland Gold Rand Ltd
i
Goldfields
—
Mining Corp
23
Pandora
6.40
Perron
1
3.00
1
1
36 %c
Gold Dredging Ltd—
Mines Ltd——1
5.20
Ltd————1
4.25
Cadallic Gold Mines
Pato Cons
180
6.40
—
Ltd
6.40
30c
2.90
3.15
2,000
7,100
3.40 Mar
63%
3.00
800
30c
Mines Ltd-
Gold
300
64
32 % c 36 %c
5,20
5.10
23,924
Jan
7%c Jan
10
3.70
63%
New Lalmuet—
O'Brien
23
3.70
1
1
—5
_>—*
Mines Ltd
Canada Ltd
of
Red
30c
.
2.25
11c
Jun
Feb
Jun
Jan
Feb
Gold Mines Ltd—.———*
22c
3.3 %c
Mines——
Gold
Mining
tow
Par
Dreferred
__
—
see
page
Sullivan
Range Since January 1
Low
High
2% Mar
High
5% Jun
Gold
———_
Cons Mines Ltd—_—-——„_
4%
5 Va
11,062
58
53
62 %
2,072
44
Mar
62%
4%
4%
4%
519
3
Jan
4%
Jun
Home Oil Co Ltd——.——
9
9
10
.8
Jan
9
Jun
Homestead
44.
*
Jun'
—
13%cMay
j
1.50 May V
28c
Apr
24%c May '
3.80
66
3.80
44c
5.40
500
4.75
Feb
1.55
3,200
1.20
Jan
1.79
100
2.50
Jan
4.25
15C
16C
3,500
15c
22c
16,000
13c 15 %c
7,000
72c
500
72c
2,100
6c
Jan
15c
Jun
5%c
Jan
68%c
60c
Jun
Jan
90c
May
60c
Mar
43c
Apr
62c
45,600
2.55
14,050
20c
1,000
4.60
4.60
500
3.80
4.00
1.50
10c,
3.95
Jun
Jan
Feb
Jan
1.83
Feb
1.05
Apr
1.00 May
3.80
40c
4.75
Apr"
Apr
Jun
Oils-
Oil
&
Gas
Ltd—
3.85
12 %C
12c 12 %c
1,600
33,000
3.10
4%e
,'
Mar
100
20c
"t
May
14,061
51c
Jun
Apr
80c
78c
2.25
Jun";"
Jan"V
May V
35c
71c
51c
'
Apr'.
17c
1.35
2.50
.
Jun
Jun:
1.35
1.35
25c
i
Feb
Feb
6.70 May
30c
4.25
70c
—
Wiltsey Coghlan Mines——4———
Wright Hargreaves Mines Ltd-.
—
4V4
'
^
1
1
€4%c Apr
4.25
71C
Ltd-
♦
!
Bathurst Power & Paper Co Ltd B_
Brandram-Henderson Ltd
For footnotes
Mines
_100
Paper common
—
Shares
Gold
Btandard
Sales
—
——1
Co Ltd—1
Mines Ltd
1
Gold
1.75 May
1.52
Gold
Crest
2.40 Mar 7-,
4.00
Heva
Springer Sturgeon
——1
Btadacona Mines 1944 Ltd
for Week
of Prices
29
70c
1
Mines
:
1.30
3.90
I
*
Sullivan Mines
Eldona
Siscoe
Fnnds
Range
Jun
May
4c
Mines Ltd
Century
Sherritt-Gordon
Montreal Curb iarkit
Week's
60c
27c
17%c Mar
Feb
80
12c
1
Apr
21
Ltd
26,700
32,200
18c
1.15
Jun
30
1
M Corp
Gold Mines
30c
40C
17c
——*
Ltd—
Mines
22c
16 %C 16 %c
-—1
35c
16 %c
25C
36c
6%
300
-
12c
17,500
1.15
Bouscadillac Gold Mines Ltd
Gold
Apr
.
17,400
8%c
1.00
12c
*
Bonville
7,965
.
13c
8c
1
——1
Aumague Gold Mines Ltd
12c
8c
1.15
Ltd
Corp
Shawkey
""■A
Jun
1
Copper
Rochette
Abitibl Power &
Apr
19
100
Mines—
Beaufor
21
16
Sale Price
7%
Apr
Mar
--
i;
5
*
-100
—
3%
1
28
26%
;
49%
STOCKS—
.
May
20
13C
Ltd
Hotel
Feb
46%
90
10
«
-
Jan
26
25c
125
Securities Ltd
Central Cadillac Gold
255
87
Last
Jun
110% 110%
110%
»
common
Jun
.
87
Friday;
Jun
6% May
'"77/
16
98
9%
9%
35
7-77
16
—
1st pfd—,
cum
14%
195
13 Va
1
May';
10
Ltd
Stores
6%%
Jan
10 VB
8
Co Ltd
Southmount Invest
Thrift
3%
9%
44%
common—,
Ltd
Co
Jan
395
20 /-.
Canadian
-
Mar
98
Co Ltd
Grain
2,590
70
6%
22%
—
7
Feb
Jun
3%
Feb
63 V2
25
Preferred
Pickle Crow Gold Mines
Power
Jun
12 Va
1
168
Bonds— '
Montreal
Jun
25c
2,340
■■
Jun
.
63%
9%
Quebec Pulp & Paper 7% red pfd_
Quebec Tel & Power Corp A
Reliance
11 Va
62
•
13
9
Jan
107
Feb
12%
1
50
V;
14%
14%
18.
Mar
■
2% Mar
'
-——
Jun
Jun
-10
Jun
lio
pfd.
C
Mills
Flour
Preferred
Jun
Jun
-10
27%
•
32
14
,
78%
——————
,
27%
*
—*
Ltd—.
N C part 2nd
32
74'A
A
27%
27%
25
-
Jan
Jan
19
Feb
63%
Co Ltd
Apr
Jan
-10
Juh
18%
*
Ltd
22 %
69
22%
—-—
17 V2
Feb
,—30
—20
Mclntyre-Porcupine
——
Jan
17%
12 VB
23
Banks-—
Montreal
16%
35
Arno Mines Ltd
10%
-10
75
12%
—
Aldermac
185
61%
——77-
Feb
17
v
Aviation
Corp
Malartic
Dominion
16 %
7
18
:
777
Jun
430
16%
Jan
17
25c
Jan
74%
16
12
Jun
18
3%
Jan
13%
-10
780
25c
20
73%
,_10
2,575
14%
14
3%
25
68
Jan
Feb
Mar
22
13%
77
—
Jun
*
Co
Woods
50
28%
—
10%
•
Paper
Power
Lake Shore Mines Ltd
—
Jun
Jun
9%
Jun
38
,774%
Commerce
36
Storage Ltd common—*
&
Jun
Jun
Canadienne ————
23
Jan
10%
Jun
15
25
50
Jun
9%
4%
2.9 Va
22%
preferred
preferred/———
6 To
Feb
22
24
10
106%:
900
——100
—*
.Tun1
49%
10
10
22
Windsor
16
common——
——
Jun
Jun
105
United
15%
,
6%
51%
5,880
•
10%
9%
14%
—10i»
United Corporation class B-
5,050
n
36
Jun
Jun
Jan
30
Jun
Jan
—♦
——*
common
—
77-7
23
Jun
28
43
Feb
2,431
1,631
Jun
18%
'
:
50
22
2
Jan
Jan
4
5:
1,185
11
26
& W common
Preferred
77-7"
JO Va Jun
*
50%
200
6V2
51%
Jun
Mar
34%
3%
17%
2,906
30
"
Cotton
Wabasso
Walker
common——
30c
Feb
5%
Jan
13
363
1,970
107
Jan
II,570
*
—
25 Vi
Jun
39
Jun
3% Mar
3%
Feb
4%
*
*
City Rapid Transit common
Twin
36%
>150
28
41%
'
4%
Mar
107
10%
13%
•
common-
Jun
2
2,690
3%
15%
24%
Power
Canada
Co.
Steel
Jun
10
pfd
42
15%
Southern
11%
12%
36
preferred-100
Ltd
Feb
26
♦
& Sons common
(H)
Jan
9% Mar
common—*
57o
Ltd
Jun
28%
27
Simon
7%
800
10
Co
12
19
30
Mar
15
_10
103
23%
19
Jun
40%
-
365
'
50
22%
*
i
Southern Canada Pwr 6% cum pfd_ -100
38
66 %
Jun
18
Feb
Jan
6%
—*
Apr
Jan
Feb
5
51%
—50
Mar
2% May
15
35%
(Jun
40
conv
Paper
9'A
105
200
!v 7 75
Jun
2.00 May
,Jan
410
7
2
2
25
*
,100
cum
125
10
: v
39
Jun
37% Mar
26
3%
26%
7
11%
25
Sarnia
12%
17%
10%
10%
39
Jun
Jan
11
10%
'
Secur Corp
100
16%
12
•
22
Feb
100
17'A
40%
12
—
Limited
Royal Hotel
Power
7
105
17
40
30
326
Power &
&
Noorduyn
Jun
8
11 Va
18 % Mar
38%
40
30
Ltd A
Can
Corporation
Jun
32
„
38%
38 Va
29%
Island
Jun
18%
Jan
Jan
Jun
1,525
106% 106%
•
50
*
«
com
common
7
11%
1
Jun
28%
14
Jan
60c
100
preferred
preferred-:—
2nd
Moore
2,500
11
16%
100
•
preferred
102
102
'
common
Shawlnigan Water & Pow«r
Sherwin Williams of Canada
Sicks'
2,450
21%
10%
34
•
common
preferred
St
10
1st
Jun
•
175
Jan
8
1,690
2,815
—
Refrig
28%
Jan
8%
17%
21%
Power
Saguenay
5%
170
—100
*
*
»
100
Jan
Jun
Mtl
59 %
15% May
400
v1
'"207
10%
.
168%
2,225
8
10%
61
.—*
preferred
Provincial Transport
St
7%
29
_
Price Bros & Co Ltd—
Quebec
30
425
61
!
5 7c
24 % Mar
782
28%
28%
of Canada.
Corp
Jan
1
common
Development
Power
Apr
50
•
Page-Hersey Tubes new—————'
Powell River Co
20
7 100% 100%
—-—100
1
325
1,309
18%
10%
Feb*
41Vb
26
28%
18%
18%
♦
"7
28%
22
175
172
100
'
Placer
28%
28%
—'
—
common
,-57%
6,575
5%
Preferred
Jan
*
Jun
10%
9%
37%
Jun
May
—
Jan
14%
2.00
4%
Apr
17% Mar
13%
40 Ve
♦
Jun
50c
Jan
Mar
25c
9
36%
Distilleries
22
1,402
V
1.90
4%
Melchers
105
Weaving
9 Vb
36%
McColl-Frontenac Oil 67o
10
-
1,000
7%
•
of
Massey-Harris
25
21%
5%
Apr
1
Feb
30
40
J an
6»/b
29
Teleg and Tel common
28
20
Jan
Jun
3%
'28
preferred
105
39%
Ltd
77o
,25
20
Penmans
Maritime
25
39%
v Preferred.
:
25
Apr
49 V2
600
7 Vb
30C
—;
John
105
22
JanJun
50c
Feb
42
/'/ " 127.
4%
:
3%
44%
Jan
42
4
4
3%
24 Va
20% Mar
Feb
5%
»
Mar
25c
14%
Maple Leaf Milling Co Ltd common—'
May
*
Aircraft
Feb
140
•
Car
Jun
26%
Jan
Corp.
Ottawa
29
22% May
May
44%
Feb
13
Feb
4
8,200
46
10
Jun
75
23%
50c
11%
Jan
11 Va May
25
Jan
55
Mar
6%
100
4%
7%
Feb
60
132
common
—:
11%
Jan
9
44%
■7
9
12
.
Jun
2.25 May
May
50
Jan
69
Apr
1.85
.
115
55
*.
(John)——
St
'
——
Steel Products
Lake
101
22%
391
42,890
7%
Apr
46
63
Jun
12
Jan
4%
165
6%
2.20
3%
preferred
Labatt
75
Steel
Preferred
;
6%
10%
Investment Foundation 6 7o
Jun
23% May
425
I,845
375
30c
Inter-City Baking Co Ltd
Jun
Jan
9%
53
.
12
45
A
—
Companies,
13 %
140
22%
•
Ogiivie Flour Mills common
;•
2
Jun
5
Co
Hydro-Electric
Jun
7
Motor
80
75
breweries
Ontario
':
Feb
Jun
1.25
40C
»
Preferred
Jun
140
National
^
7
24 7
24
Jun
8% Mar
1,361
r.
28%
-28
7
65
4,940
13%
10%
10%
5
10
7
80
4%
Jan
15
Foreign Power Sec Corp Ltd common-'
17% May
19
7
Jan
40c
14%
Ltd
Aircraft
Eraser
18% Mar
16
National
Wire
38 Va
29%
80
2
1,280
Candy Shops-.
Fanny Farmer
75
12
Jun
4,405
Limited
Aircraft
260
16
_
Noranaa Mines Ltd
Palrchild
35 Va
30
13
45
Paper Co Ltd
112% 112%
27% May
Jun
Jun
24% Mar
Jan
Woollens
10
30c
Dominion Square Corp—Donnacona
Jun
5
10%
Jan
May
100
14%
Linoleum
31%
75
Feb
2.50
1,905.
:v
95
4%
1.90
Corp
&
Jan
22
.-J*
—
Oilcloth
Apr
64
1.25
55
*
common-
Dominion
23%
—100
100
Murphy Paint Co common
Niagara
Jan
Mar
Jun
10
»
4——
Ltd
Dominion Engineering Works Ltd_.
Dominion Malting Co Ltd
..20
Jun
18%
168
172
61
4%
32% Mar
23
—,
Car
105
May
Jun
167% May
45c
Paper Corp Ltd
Aircraft
Apr
Juir
15
12
58%
corn-
"A"
Sec
15
24%
'
Jan
104
—_—-40
Montreal Tramways —-—-—100
Preferred
Jan
16
.
common
Advert
29%
5
23
109
Div
■"'■"v
May
3%
2.10
TOO
—
24%
18
Cons
Pr
Apr
Preferred
27%
30
3%
Ltd
Co
General
Consolidated
Dominion
:
&
Jun
26
31%
12
,-—5
225
101
Ltd
Alcohols Ltd
7%
29
12
6
Preferred
16%
39
100
.—2
;
Commercial
13%
12%
Neon
Mar
35
16%
37
100
common
Products
Knitting
Feb
24
Jan
33%
20
100
100
Preferred
13% May
Mar
11
280
Jan
8
9
9
.}'•
159
19
61
12
12
32V2
78
169
—*
Feb
16%
163
169
III
Jan
16%
Jan
com.
Western Lumber—
Food
6%
1,331
Feb
May
12
Catelli
8%
13%
11
20
Jun
7
1,260
625
13,
45
30
490
Westinghouse Co Ltd
Cassidy's Limited common
105 % May
107
Jan
15
Canadian
2,731
440
24
common
Telegraph
Jan
25
*
——-——■—
Lt Ht
Montreal
17%
8%
13
Ltd
100
14%
10
Vickers
Canadian
11%
29 y2
*
'
———*
*
—
Jun
5
1.00
^
Paper Inv
preferred
105%
Celtic
37
—
McColl-Frontenac
7%
106
24 %
preferred
Canadian
Jun
5% May
40
22%
———100
Massey-Harns
Jan
Jun
101
Apr
.102
40
Jun
13%
Jan
Feb
101% May
125
25
Jan
10%
97
90
5%
Company
&
Jun
1.00
Light & Power Co
Jan
Jun
56%
Apr
34%
Ltd pfd—
Canadian
15%
112%
Trust
16% May
*
common——
Preferred
Inv
26%
49
14%
pfd—. 100
Jan
3
—
Candy————
preferred
Ltd
Legare
11
6%
13%
Milling common—'
(John A)
Sons Ltd
Laura Secord
Intl
12%
"
Lake
Canadian
163%
5%
32%
—100
:
Jan
Jun
Feb
% May
22% Mar
50
24%
—
"B"
17c
Jun-
505
106
Ingersol Rand——
55
103% 103%
—-
——T
Industries
Canadian
33
16 %
Public Service Ltd common—'
Preferred
Industries
Canadian
225
11
*
Utilities
International
Canadian
Jun
6
27%
100
—
Jun
79%
8%
7%
—•
common
—
17%
Jan
15%
,
104
International
Jan
410
25
13
15
Ltd
Co
12%
4.15 May
75
55
100
Jun
Jun
144
Jan
61
18'A
8
Jun
2.30 Jan
45
631
163
Jan
161%
144
3,902
26%
25%
*
Ltd
25
4
71%,
70
preferred. 100
Ltd
Ltd
Jun
31% May
Mar
55
26
Sugar——
Power 7%
Vinegars
25%
25
144
144
70
Ltd——
Co
Canadian Dredge & Dock <2o Ltd
Canadian Gen Investments Ltd
33%
Preferred
International Petroleum
Dominion
Jun
Jan
23%
175
30
3.85
100
72
18
1,050
—
,—5——
14
650
11
25 Va
30
11
Co
common—
North
Canada
Jan
Feb
7% Mar
15%
•
Int Nickel of Canada common
Co
27%
13
common——
International Paper common
13%
25
30
High
Feb
83/a
20
25 Va
Pulp & Paper
.Preferred
25
22%
—100
*
25
—
Bronze
Jan
v
Low
10%
preferred-,.——————— 100
Ltd
Brown
20
5,965
£1
—
Va
.
British Columbia
;
90 •'
31
11%
7%
•
Preferred-
9
29
7
*
Preferred
Jamaica
36%
60
225
105
11
*
common
——
International
Feb
11% May
15%
16%
Acceptance Corp common—'
Industrial
29
655
35%
7
•
of Can common—S
Ltd
Preferred
Jun
105
—5
Paper
Tobacco
Imnerial
Jan
64%
—•
Mining
Oil
Imperial
42
Jan
105
100
*
—
Hollinger Gold MinesHudson -Bay
Jun
42%
13
*
common
Hamilton Bridge
Howard
38
1,426
100% 101
105'/a
& Ambasune
Lime
ixvp.siim.
100
-
40
64%
24%
13
preferred
Gurd
Jun
6
—100
—100
_
Wares
Steel
May
40
Range Since January 1
High
Low
—
Ltd——.
Packers
Columbia
Shares
10%
Vancouver. ,„5
Oil Co Ltd—
British American
8%
common
preferred
General
70
Jan
_7—_7*
preferred
5.%%
Jan
33
15%
Foundation Co of Canada—-—.—_*
57c
49
161
10
10
,
English Electric
Gatineau
1,892
40
163% 163%
163 %
.100
;
—;
1
Products:——*
Heating
68
16%
*
.
Corp
&
Enamel
Jun
78
17
*
.
*
Dryden Paper
15
31
——
corn.
u—
Apr
18
common——:
Preferred
12%
10
10
—25
Ltd—.
Chemical
Dominion Tar
415
28 %
common-1"
Dominion Steer & Coal B—
Dominion
14%
12 %
12 y4
7_—-7---——_35
Preferred
Jun
15%
25
Dairies common
Dominion
20%
35
35
pfd_—^—_A——
Coal
Feb
40
60
com
Dominion Bridge
Dominion
11%
60
Cork & Seal Co-———
Crown
■
16,095
67
-VV
67
._5
20%
British
of
Distillers
14%
.'
-
Mining & Smelting
Par
&
Brewers
Sale*
lor Week
of Prices
Sale Price
High
Low
High
18%
19
29
—
STOCKS—
Range Since January 1
Shares
40
Conadian Pacific Railway™.
Cockshutt
Low
Week'i
Range
Last
for Week
Range
of Prices
Sale Price
Friday
Sales
Week's
Friday
STOCKS-
JUNE 29
FOR WEEK ENDING
RANGE
43
FINANCIAL CHRONICLE
Jan
Jan
4.25 Mar
18c
May
r
'<1
*
illlllliliMilil^^
»
THE COMMERCIAL & FINANCIAL CHRONICLE
44
OVER-THE-COUNTER MARKETS
Quotations for Friday June 2!)
For Quotations on Real Estate Bonds
Specialists
illlf; Shasscan
OVER-THE-COUNTER SECURITIES
Firm
in
ACTIVE
2S0
ISSUES
40 Exchange Place, New York 5, N. Y.
120 Broadway. New York
WAR©
Phone:
DIgby 4-4950
'
Direct Wires to BOSTON
—
HARTFORD
(When,
Investing Companies
■];'[
'.
Investing_10c
rAxe-Houghton Fund Inc
—1
Foreign
American
•
13.79
14.96
16.72
Scries
17,98
6%
.
7%
,
.
K-l
A Common
Fund
Boston
Broad
28.16
16.72
14.79
6.97
7.73
7.14
7.90
♦
110.45
47.43
—;
"15
20.54
22.09
Series
S-4—.
Co Inc
.—8
33.91
Chemical
i
;• »;
18.73
20.53
I
3.65
4.25
.»
32.67
Ltd—,
;
— ■—
-100
1
Commonwealth Invest—
•
/Consol
1
investment Trust—
Delaware Fund—-
—
Fund
148
143
Manhattan Bond Fund
Dividend"
Eaton
Mass
Investors
2d
-1
—
Mutual
Invest
Fund
Shares—^
6.45
25o
(Colo)
series B
1.48
1.62
1st
2019
94%
80
1.49
102%
2
28.72
,
Invest Ino
.
,/••.
•
1
Corp
39.99
stock
104%
;
99%
86 %
88%
Casual
&
—
Bid
8.72
7.93
Preferred
15%
99%
10
21%,
23%
Jersey Insurance
20
36%
Automobile
27%
31 y«
Maryland
12
11%
12%
Massacnusetts
1
12%
10%
81
85%
19%
20%
Merchant Fire Assur
54%
57%
8
12%
Fidelity & Casualty_8
American
Reserve
10
Surety
23
Mfrs
Fire
National
Casualty
67
v
National Liberty
National Union Fire
63%
11.35
_
12.47
9.57
8.90
Institutional bond shares——
10.61
9.25
_
Speculative
equipment
Insurance
11.13,
10.17
9.52
Metals
11.70
11.58
7.56
8.32
11.19
12.30
Railroad
8.68
9.55
Railroad equipment
8.84
9.72
7.50
8.25
8.15
8.96
7.71
8.48
—-
7.83
8.61
5.55
6.11
Series
shares———
6.50
7.15
Series
Investing
——
Low Price Shares————
Merchandise shares
shares.,.—
..
Steel
North
...
Amer
Trust
shares—
.
1
1956
shares———
'6.76
7.44
Republic Invest Fund
5.14
5.66
3.14
16.04
17.25
1
Putnam
3.96
4.35
Scudder, Stevens & Clark
Steel shares—
—
4.86
.
5.35
Fund,
5.79
shares
shares
6,57
(Geo)
Selected
Fund
Inc
•
102.34
104.43
2V.a
12.04
13.13
1
Amer Shares
6.86
7.51
Sovereign Investors
—j
A Huron
Holding Corp
Income
Foundation Fund Inc
-100
64c
52c
v
State Street Investment
Common
——
8
Incorporated investors—
Independence'Trust Shares.—•
Union
1.63
1.78
X28.48
2.63
30.62
2.94
Industry Shares
Bond
Series
Series
Fund
series
Ltd—
Group shares
_
Aviation
15.36
16.83
—1.02
Insurance Group shares
15.59
14.23
of
America—10
29.07
31.60
Investors Fund G_
1
15.41
15.78
Co
98c
31%
33%
36'%
10
Wellington Fund.
62%
Boston
'
1
10
51%
164%
173
Reinsurance
Fire Assn of Phlla
10
66%
70%
Fireman's Fd of San Fran
10
101'%
5
97%
13%
Firemen's
of
Newark-.
Fire
,
t
;
1
Corp
10
5%
45%
b0.375
b0.375
0.32%
0.32%
September
August 2, 1945August 9, 1945—
bO.375
0-33%
Glens Falls Fire
47
Globe
& Republic
Globe
&
0.33%
0.28&
August
0.32 %
August
2nd
Great
American
y 5o%
.',27
19461946
tMar 15 1947
tSept.
15.
1947
tSept. 15, 1947
tSept. 15. 1948-
%%
—
—
1
%
99.31
100
100.3
100.4
1%%
100.23
100.24
I%%
100.11
100.12
23,
b0.375
1945—
&
3i
52%
33
35
115
74
10
77
120%
36%
-100
—
570
39'A
585
29%
108%
Si Guaranty Co—2
113 ya
4
40
50%
54%
10
76%
80%
2.50
32'%
35
U 8 Guarantee
Westchester Fire
43
Lt
Bid
Ask
106
104%
101%
Mississippi
106%
104
101%
3%s
Vermont Pub Serv
2%s
1975
107%
.—1974
3s
101%
101%
101
101
101%
108%
Potomac Edison 3s———1974
106%
106%
108'A
108%
Reading
100
100%
San
Light 3y2s_1974
109
105
——1975
100
Diego Gas & E) 3%s__1970
110
112
3%s_—__1965
104%
1975
101'A
104%
101%
3'/8S_1974
104 ya
104%
110
South
3VbS
Co
(Jos
Seagram
106%
'/4
,
E)
Carolina
Pow
Pub
Serv
3s
105
105%
Sou'western
1980
100%
102
Texas Power & Light 2%s_1975
Virginia Elec Power 2%s—1975
3'/2s,——1965
103%
104
Oklahoma
Gulf Ry—
&
————
105%
107%
Chicago & St Louis—
—————1980
Northern Penn Power 2%s_1975
1953
Lt
105
3%s
100
——
Aak
Light
New York
107%
Light & Power 3s-
&
1974
Elec
Narragansett
*
Chicago & Eastern Illinois Ry—
3%s
——1985
Gas
Power
—
100%
100
100%
100%
100%
;
Ask
0.34%
b0.375 0.35%
1945—
b0.375
1945—
b0-375 0.35%
more
32ds of
b0.375
Obligations Of Governmental Agencies
0.35%
0.35%
Bid
b0.375 0.35 %
Bid
Ask
Federal Home
a
July
Jan.
3s
1955-1945—
1956-1946
—.99 63/64
1,
101.12
101.14
-
May 1, 1956-1946
2'As Feb. 1, 1955-1953
102.11
102.13
U 8
104
U 8 Conversion
—
103%
Ask
/
1945—
16,
Other
-
3s
point
,085s July
100 1/64
Loan Bank—
b0.90
—
0.75%
Issue I
—1948
3s
101%
——1947
Conversion 3s—
103%
104
133
134
—1961
Panama Canal 3s
101%
Maturity—
Dollar Price 100 Pins
Certificates of Indebtedness—
Bid
Ask
t%s Aug. 1, 1945
*%s Sept.
"t%s
1,
1945
Oct.
100.11
100.12
101.2 '
101.3
t%s Feb.
V'/
48%
.—10
U S Fidelity
32%
27%
3yaS—1974
Florida Power &
6,
1%%
100.28
.
26
...10
Erie RR 2s—
463/4
13,
1%%
100.27
6%
•31
bO.375 0.33%
..
1945—
1, 1945
t%s Dec. 1, 1945
t0.90s Jan. 1, 1946
1%%
28%
24
-12%
Travelers
10
Pow
Laclede
20, 1945_
September 27, 1945_i.
Flgures after decimal point represent one or
15.
10
10
Standard Accident
29
N
10
Fire
3s
tMar 15.
5%
87%
B
—
Hartford
Quotations For U. S. Treasury Rotes
tDec
38
,
2
u
9%
Federal Land Bank Bonds—
Ask
35%
—10
Security New Haven—
20
5
—
Rutgers Fire Ins. com.
preferred
3%s
September
b0.375
1945
30,
September
b0.375
Bid
—
(NY)—
St Paul Fire & Marine
57%
53/4
Page 27
Rid
16,
July 19, 1945—
26, 1945—.
MaturitytDec. 15,'1945—
Corp
fwr discount at purchase
July
Int. Rate
14%
Republic
(Texas)
Revere (Paul)
Fire
23%
54%
Cent
Co
July 5, 1945—>
July 12, 1945
•K. >.
60%
91%
13%
20.67
Treasury Bills
August
b0.375
57'A
87%
8
Springfield Fire & Marine- —25
22%
Birmingham Electric 3s——1974
Ask
Treasury bills—
10
—.
14%
B
Kansas
:
92%
105
53
20
1979
Houston Lt & Pow 2%s_—.1974
are
98%
—10
Phoenix
Providence-Washington
Federal
Fidelity Si Deposit of Md
4y8s
Bid
88%
Indemnity Co
—
Preferred Accident
1974
Empire District Elec. 3V2s^_1969
Rates quoted
12.50
Flre__
9.26
18.95
1,
t%s March
J%s
April
1946
1, 1946;
1,
1946
a
.0392
__
.0458
.0452
.0518
.0430
lot
sales,
to Stock Exchange,
y
Ex-rights,
.0390
.0473
.0544
.0643
g
.0432
.0549
share
.0426
.0559
and
.0405
.0554
1,
1946
.0616
.0782
t7s
1,
1946
.0591
.0789
July
Odd
b Yield
price,
c
Result of
Casting Co. with the W. B. Jarvis Co.
r
.0505
t%s May
.
6%
—25
—
Pacific
Conn
ited Stales
6
19.30
...
FOR NEW YORK CITY BANKS & TRUST COS.—See
24%
'
5
—
25.30
Corporations
&
15%
22%
2.50
River
Pacific
Employees Group
Employers Reinsurance
Bid
A First
48%
14%
?
10.49
23.14
Investment Banking
A Blair
33%
46%
10
51'%
29'%
31
10
—8
Fire
24.14
1.23
...
Stock and Bond Group shares.
Investment
67 %
48'%
7ya
29%
25.90
9.60
& Pwr Shares A
Northern
65'%
S
27%
2
62%
189
179
20
Casualty
Northeastern
1.13
1.12
.—
Bank Group shares
88c
8.47
Fund—__
North
23%
—10
6%
U 8 Fire—
22.08
C
22%
21%
—10
Crum & Forster Inc
59%
2
-
Fire
21%
Continental Casualty
Hanover
58
25.21
Union Common Stock Fund B
U S El Lt
Securities
25o
A
B_
Union Preferred Stock
Institutional
53
Corp
York
32%
-10
New Hampshire
685
10
Connecticut General Life
7%
6
30
(Detroit)—10
New Brunswick
82 V*
"
'
—5
City of Now York
Arkansas
Trusteed
'
Fire
6%
4
-
Seaboard Surety—:
4.63
5.65
79 Vo
660
New
Camden
39%
4%
Y
N
Ins
Amsterdam
New
7%
General Reinsurance Corp—B
Gibraltar Fire & Marine
10
3.27
1
4.20
5.13
25
.
1
Bond shares—
6%
100
Franklin
*
1955
Equipment shares———
Bankers & Shippers
.V
10.47
10.65
10.45
stock
Machinery
19 %
2%
Boston
Fire
101%
19 Va
60%
15.30
8.70
stock
Building supply
8.55
_8
National Fire
42
17 y«
10
Automobile
13.41
7.77
13.93
Aviation
Y
Casualty
Bonding
20%
39
12.21
Automobile
of N
Merch &
2%
Baltimore American
Fire
Monarch
13%
65
10
Electrical
8.99
B
30
Alliance—I
American
6.89
15.24
Stocks Inc—
10.42
shares-
51%
10
10.05
6.21
15.09
1
13.79
6.76
48%
28%
Home
9.09
series
15.49
6.30
««k
Bid
Par
Inspect—10
Hartford Steamboller
86%
Insur Co of North America—10
Re-Insurance
14.10
12.77
75%
Homestead
American of Newark
12.55
5.72
37
73%
-
51
American
Diversified
11.63
35
Seaboard Ry common
54%
American
Diversified Investment Fund-
9.48
Tobacco
64 %
%
86
5.14
Chemical
8.10
Utility
62
49%
8.73
9.52
8.18
Administered
stock
26%
82%
8.21
7.84
6.14
shares
Railroad
69%
24%
10
Life
7.94
9.66
bond shares————
RR
33
65%
20
Aetna
6.21
8.79
Industrial Machinery shares-
Railroad
31
com—«.
Agricultural
American Casualty
American Equitable
8.66
Electrical Equipment.—-—*
Food shares—_.—:——
'Petroleum
Grande
Ask
83%
52%
10
8.19
7.13
Building shares
Mining
Rio
Insurance Companies
Surety
4.57
.
England Fund
Bank
shares,
Automobile shares
1' Aviation
shares
Fully
<fe
St Louis & San Francisco corn-
101%
—
75-year 4%s
7.37
series
Agriculture
6.24
6.17
•'Group Securities—
General
81%
100
preferred
Preferred
50-year 4s
5.61
series
Preferred stock scries
Stock
New
>
Chemical
79%
•
Preferred
31.47
••
43
5%
Francisco—
JV Far
1.60
priced stock common
7.73
San
V '
10.17
priced bond series
2.33
Agricultural
73%
41
Denver
1993
7.45
Low
26.66
"
71%
Common
96%
78
Aetna
9.41
series
Industrial
6.93
General Capital
27%
American
16.86
2.12
&
Income
4.52
•
26.67
24.75
Louis
Aetna
1
15.77
General Investors Trust
:
St
National Security Series—
New York
>
107 '■'/
Grande—
15.41
25o
24.94
•
Fund Inc
Fundamental
•
14.10
shares
1
'
'■
105
2018
Rio
4%s
1st 3-4s income
7.35
Financial Industrial Fund,. Inc^
Mutual Trust Fund
B
•
Si
Income
:
—*
Fund
Fund
fidelity
.
4%s
29%
Common
Preferred
Chicago Rock Island & Pacific—
1994
income
Chicago Milw St Paul & Pacific
..
& Pacific—
14.02
:
voting shares.:
Income
l First
•
88%
27.74
13.04
—10
Inc
Securities—
Low
\
101%
11.05
25.80
Fur.d
National Investors Corp.,
Howard-
Balanced
V Stock
99%
86 %
American
21.57
19.95
10.05
I
_1
Trust
Nation-Wide
Shares
&
lOo
Investors
Bond
'
10S%
2019
2019
Inc—
Common
55%
53%
Sayles Second
Mass
'
6.28
5.18
Sayles Mutual Fund
Loomis
(Md)
Diversified Trustee
>•
104%
A
4%s B
——
——i.'--•
35.13
Knickerbocker
1
10.75
11.63
Fund—,
2,850
•
Securities com-—100 2,750
Preferred
1994
4%s
Income
Denver
36.66
—1
^■Century Shares Trust.
^Christiana
Stocks
48.40
S-3
Loomis
.
& Pacific
112.70
Fund__10
Paul
income
Conv
31.50
13.42
St
.1st 4s
29.81
15.19
4%s
80
Chicago Rock Island
13.45
27.16
Income
103
78
1st 4s
22.98
S-2
K-2
S-l
Series
Fund
Inv
Canadlan
i
;
12.25
20.58
,
—
110.02
Ltd
Fund
-
105.62
Inc—
Street, Invest
Bullock
a
j.;
America-
of
Tr
Inv
Bond
101
Gen
32.21
24.29
Series
Series
v
—
issued)
Seaboard Ry 1st 4s—-.—
1983
2003
4%s
Gen
29.72
29.38
—.
B-4
Series
Series
Bankers Nat Investing
.
28.36
22.16
B-2
B-3__
and if
Indianapolis & Louisville—
Chicago Milw
B-l
Series
4.65
4.24
^American Business Shares——1
Series
Scries
33%
as
Ask
1st 4s
Keystone Custr-Man Funds—
5.57
5.09
33%
Bid
2nd
Ask
Bid
Par
9.77
8.90
1
..llA
Holding Corp——10
Chic
Ask
Bid
'-fit
Aeronautical Securities
^Affiliated Fund Inc
i,>, AAmerex
1-953
NY
Reorganization Rails
PHILADELPHIA
—
Bon ds-
1
Teletype
1-2173 & 1-1288
-i*"
V
Bell
2-8700
REctor
Tele. NY
Tel:
Members New York Security Dealers Association
1926
Established
۩.
&
Co.:;:ff
&
Members New York Stock Exchange
Members New York Curb Exchange
Trading Markets
z
the
d Deferred
Canadian market,
s
Cash
old
effective Jan.
e
Ex-interest,
1, 1945, of Doehler Die
f Flat price,
k Removed
x Ex-dividend,
Ex-due bills.
„
Formerly Coleman Lamp & Stove Co.; change
of
merger,
delivery,
sale—not included in range for year,
common
four shares
of
•No par value,
stock
new
reclassified
$5 par
common
tin default.
furnished by sponsor or issuer.
into
of
name
one-fifth share
of
approved
new
June
12,
1945
and
each
4%%,. $50 par preferred stock
stock.
tThese bonds
are
subject to all Federal taxes.
AQuotations not
.
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4399
162
45
mm+m
Week
1945
Third Federal
clearings this week will show
Bank
decrease
a
with
compared
ago.
year
a
indicate that for the week "ended Saturday, June 30, clearings
for all cities of the United States from which it is possible to
at
Chester———
834,837
'
Laneaster—1.
Philadelphia.
Our preliminary
2,097,572
835,000,000
—
Scranton—
433,606
+ 13.1
824,168
678,735
652,694
1,357,781
1,547,020
618,000,000
551,000,000
+ 10.3
1,991,327
719,000,000
s
+ 16.1
479,032
1,990,176
1,510,649
+ 31.7
1,461,275
1,305,573
2,742,092
1,550,633
1,668,768
+28,7
2,307,508
2,089,262
+ 13.4
+ 63.0
1,155,203
1,617,943
1,540,093
9,967,500
—55.3
4,732,100
5,408,9$)
740,631,741
+13.3
632,568,319
1,763,744
York
2,719,818
4,456,800
New
5.3
.+
Jersey—Trenton-
969,274
,
summary
for the week follows:
'
•
Clearings—Returns by
'
<
Total
Telegraph
jj83,242
+ 40.7
739,098
756,797
3,528,940
4—
——
——
Wilkes-Barre——.
Our comparative
Friday of 2.6%.
,
■'
$12,313,285,037, against $12,453,318,856 for the same week in 1944.
At this center there is a loss for the week ended
1942
704,817
835,847
Reading—.—
total stands
854,219,602
(10 cities)——.———
i
;
4-4-
.
565,375,0M)
H
*'•
'
■
*
1945
Week Ending June 30—
.
$5,825,357,156
New York
Fourth
•:%
1944
$5,983,049,714
—
443,177,785
————.
597,000,000
599,000,000
300,132,664
394.983.877
Kansas
176,921,067
163,244,219
+
161,500,000
+
7.7
City—
St. Louis
,
173,900,000
—.—
254,862,000
Ten
cities, five days..
cities, five days™.
155,779,435
$8,663,669,973
1,836,498,100
-—
Baltimore
217,588,775
$8,424,572,764
Cleveland
230.792.878
136,580,473
—.
1,666,744,895
—
2,370,181
3,979,780
361,360,432
—....
—
316,477,248
...
Youngstown
Pennsylvania—Pittsburgh—
+ 63.6
3,269,781
3,124,8^
13.9
110,530,514
+ .19.3
6.4
230,956,348
94,022,410
190,403,57)1
11,466,60|)
+
15,334,900
2,165,173
+
+ 34.0
0.2
2,234,39(1
3,122,521
3,579,366
+ 14.2
261,725,850
—
6.6
Total
(7 cities)
Fifth
Federal
754,545,768
540,056,700
627,561,932
+15.9
8.9
—12.3
—
+
—
2,122,903,988
—
$12,313,285,037 $12,453,318,856
—
2,052,214,173
874,200,020
235,684,450
——r£-
+ 11.9
—
$10,261,070,864 $10,330,414,868
five days—
day
26,991,000
3,176,385
...
Mansfield—
District—Richmond—
Reserve
West
Virginia—Huntington
Virginia—Noriolk
2.5
10.2
0.7
1.1
Total
of
+ 11.8
5,645,000
5,989,000
24.3
61,976,144
1,826,51(3
120,071,375
30,756,554
966,569
2,654,540
2,304,430
243,957,369
Carolina—Charleston
District
+ 10.3
7,718,000
84,574,412
1,490,463
.
191,702,505
+ 27.3
66,921,991
2,108,976
150,176,496
57,134,547
...
44,651,705
+ 28.0
32,417,024
—
Maryland—Baltimore
3.3
1,034,524
1,350,893
8,630,000
105,118,504
...
Richmond
South
Total all cities,
All cities, one
253,573,465
28,719,100
3,972,094
Columbus
8.8
272,834,000
198,279,318
;
Pittsburgh
302,600,634
Cleveland...—.
0.3
4,597,385
146,556,609
-
258,362,301
San Francisco
Other
.
—
7,519,044
166,852,331
....
Cincinnati—,
8.4
Philadelphia,
;'l
Reserve District—Cleveland—
Ohio—Canton
8.5
Boston™—.
Chicago
—
Federal
.
2.6
484,899,075
r i
Dec. 7o
1943
1
991,868
Bethlehem—
obtain weekly clearings
1.1% below those for the corresponding week last year.
will be
■I-
23
Reserve District—Philadelphia—
Pennsylvania—Altoona..
Preliminary figures compiled by us, based upon telegraphic advices from the chief
cities of the country,
June
Inc. or
$
THE COURSE OF BANK CLEARINGS
.
Ended
1944
Columbia—Washington.
+
+ 15.2
I
■
Total all Cities for week
(6 cities)
418,985,423
332,301,945
:r j,:r:r-C7
—,
+26.1
.
258,236,056
-V 221,654,lid
.-v■:.>*
ii
.
■H
4
Complete and exact details for the week covered by the foregoing will appear
in
issue of next week.
our
ends Saturday
4,
We cannot furnish them today, in .as
and the Saturday figures
Sixth
much as the week
Nashville.
detailed statement, however, which we present
we
For that week
June 23.
there
was
an
increase
further below,
177,800,000
Total
is able to register an
the
South
Terrc
Des
>
following we furnish a summary by Federal Reserve
.
49,952,025
4,499,454
+23.6
9.6
—
•
4,127,99k
;
420,143,406
>ri
'i
"
—i i ■■
.
"
l'«i
259,243,320'
354,522,585
+16.2
133,631,
..
59,602,37k
City
(17
2,777,757
+ 34.2
3,676,169
+ 13.1
30,489,555
3,216,748
10,536,306
+18.9
43,977,897.
+
18.5
7,909,141
32,145,747
3,553,387
3,432,554
+
3.5
2,350,541
1,652,825
14,943,156
+ 40.2
13,022,599
8,174,903
7,544,217
+
8.4
5,835,232
+
3.7
409,418
11,381,449
5,421,199
451,192
+
.—
+
3,475,782
•
,
/
12.4
+
7.9
3,236,030
+
;
4,139,280
•
3,553,451
2,306,817 i
2,407,130'
3,552,110
23,454,000
3,915,940
6,614,06'
33,297,39
665,724
641,836
606,727,272
552,105,841
9.9
446,538,261
2,349,922
1,589,952
+ 47.8
1,309,145
7,389,938
5,819,536
+ 25.3
4,591,423
4,351,997
2,423,971
2,141,497
+ 13.2
2,558,179
2,162,471
2,271,830
2,151,143
+
780,935,288
693,735,914
<
...
1—
•
—.
——_
Springfield
Total
4.0
32,203,000
:
'Peoria—;
;
441,437
501,645
12,529,098
; l
;
Rockford—
,
+ 59.3
20,947,825
Haute
Moines—
Sioux
716,684
5,553,314
'
cities)..!
5.6
.
+12.6
388,614,694
1,321,050
L988.730
563,335,511.
1,658,669
•
,
.
493,005,790
1942
1943
Inc. or
1944
1945
•v.
29,816,489
37,012,35V
4,155,929
—
——
Chicago.....
Districts:
SUMMARY OF BANK CLEARINGS
47,649,069
52,100,539
)—
»_
Bend—
Illinois—Bloomington
*
,
,
*1,500,000
7.6
+
1,018,043
6,214,259
3,750,695
3,366,903
43,265,000
....
Decatur-.—
.,
.
30—
86,130,221
■
...
Iowa—Cedar Rapids
In the Kansas City Reserve District the
'
Week Ending June
+76.4
Wisconsin—Milwaukee
14.9% and in the San Francisco Reserve
the
144,772
93,153. 384
1,931,707
1,725,257
District—Chicago—
Rapids
Indiana—Fort Wayne
The Chicago Reserve District
gain is 15.7%, in the Dallas Reserve District
In
—1.8
Lansing—.—
Richmond Reserve District
District 29.3%.
*
207 147
488,217,819
(10 cities)
Grand
increase of 12.6%, the St. Louis Reserve District of 12.1% and
Minneapolis Reserve District of 16.8%.
5,278, 528
102,620,283
Orleans—
Indianapolis
*
55,849 423
4,770,601
203,443
Michigan—Ann Arbor
smaller by 5.1%.J In the Cleveland Reserve
Atlanta Reserve District of 16.5%.
69,009,145
90,700,000
I
2,012,014
!
and in the Philadelphia Reserve District by 15.3% but in the
of 26.1% and in the
57,659 078
____
Seventh Federal Reserve
that in the New York District (including this city) the totals
District the totals record an improvement of 15.9%, in the
114,000,000
3.2
+10.0
We group
larger by 30.6%
Boston Reserve District the totals are
+16.9
+
i
Outside of this city there was a gain of 14.2%,
from this it appears
are
29,328,975|
2,573 ,683
Mobile:
the Federal Reserve Districts in which they are located and
the cities according to
41,276,669
62,021.467
Alabama—Birmingham
$12,646,-
+30.9
*2,000 ,000
Florida—Jacksonville
Louisiana—New
5,089,800
2,019,121
Mississippi—Vicksburg
clearings at this center having recorded an increase of 28.5%.
the bank
^
152,100 ,000
II
+
7,132,904
;
2,655,885
,i
week previous—the week
clearings for the whole country having amounted to $15,563,943,373, against
782,599 in the same week in 1944.
38,659 906
1
1
of 23.1%, the aggregate of
able to give the final and complete results for the
are
ended
+30.4
50,603,625
Macon
In the elaborate
12,662 257
___
Augusta—.
.
■■■■"
16,514,249
Georgia—Atlanta
Accordingly, in the above the last day of the week in all cases has to be estimated.
V#
Reserve District—Atlanta—
Tennessee—Knoxville
not available at time of going to press.
are
Federal
'
Federal
1st
Boston
2d
New
v
$
,
—12
4th
Cleveland
653,983,237
854,219,602
"
874,200,020
418,985,423
" ;
6
5th Richmond
-.v.'
Dec.
1,422,731,286
"
7
—-
—
$
620,486,616
"
10
Philadelphia
V
9,691,066,134
12 cities
—
York
3d
'
Districts
Reserve
•
5.1
378,759,218
3,939,056.052
632,568,319
+15.9
754,545,768
Eighth Federal Reserve District—St. Louis—
368,523,074
4,718,464,283
+13.3
740,631,741
S
30.6
—-
+
%
s
627,561,932
Missouri—St.
565,375,090
540,056,796
J;
332,301.945 <:+ 26;i
258,236,056
16^2
354,522,585
259,243,328
+
Louis..
7.7
162,700,000
125,800,000
+ 22.4
64,474,422
54,516,173
15.5
35,536,834
26,990,375
1,199,000
—10.9
833,000,
825,000
330,917,910
+12.1
263,544,256
108,131,54^
224,000,000
208,100,000
95,748,807
78,223,429
50,100,260
43,395,481
1,038,520
370,917,587
—
Kentucky—Louisville.
Tennessee—Memphis
Illinois—Quincy..
...
+
+
'221,654,113
•
10
"
488,217,819
420,143,406
17
"
780,935,288
693,735,914
+12:6
563,335,511
"
330,917,910
+ 12.1
263,544,256
108,131,548
7
"
281,865,196
241,235,002
+
16.8
184,090,440
137,162,810
City——10
"
370,271,699
320,009,831
+ 15.7
264,828,304
209,309,457
—.
6
"
189,510,526
164,885,071
+
14.9
125,909,588
90,416,713
Francisco——
10
623,267,463
571,661,488
+ 29.3
486,582,606
394,082,299
(4 cities)
493,005,790
4
370,917,587
Total
-—11
Cth Atlanta
.
■'
7th Chicago
—
Louis—#
8th St.
9th Minneapolis
10th Kansas
—
11th Dallas
12th San
Ninth Federal
12,646,782,599
+
23.1
8,858,403,098
7,426,017,070
North
6,189,795,850
5,420,520,668
+ 14.2
4,300,826,561
now
add
our
4,132,538
+ 22.8
4,138,779
3,524,181
175,114,722
+ 10.0
128,260,931
92,5Q4,2II
51,801,890
+ 37.9
42,490,455
33,530,513
Dakota—Fargo,
Dakota—Aberdeen
3,199,483
+ 22.6
2,743,876
2,076,801
2,064,687
1,536,974
+ 34.3
1,401,501
1,167,195
.1,346,370
1,187,736
+ 13.4
851,750
743,690
5,356,714
4,261,659
+ 25.7
4,203,148
3,01/6,213
281,865,196
241,235,002
184,090,440
137,162,810:
—.
Montana—Billings.
'
...
......
3,486,961,018
Total
We
—
Helena
Outside New York City—
5,075,107
i+V 192,688,084
.I—71,410,585
V
'
3,923)649
;
Paul—...
South
15,563,943,373
.—111 cities
-
District—Minneapolis—
Minneapolis.
St.
•
Total
Reserve
Minnesota—Duluth.:
(7 cities)—
detailed statement showing the figures for each city for the
week ended June 23 for four years.
Tenth Federal
Reserve District—Kansas
+16.8
City—
Week Ended June 23
v"
f
-:
:
1945
$
Clearings at—
1944
$
Inc.
1943
or
Dec. 7o
1942
Omaha.:
—
905,455
2,083,310
3,526,772
Massachusetts—Boston..—553,493,333
572,374,071
'
—.
Portland
Fall
River
""
,
Lowell—
———-—■-«
—
Worcester
———.
Connecticut—Hartford——
Haven
New
New
(12
3,305,241
4,576,315
3.3
328,248,819
313,629,136
1.246,517
1,024,151
+ 21.7
875,709
847.181
730,231
506,794
+ 44.1
411,539
cities).
—.
Missouri—Kansas
New
York—Albany
Binghamton
Buffalo
•
737,347
1,424,955
1,304,976
+
9.2
1,035,736
5,023,711
+
9.2
4,253,348
3,210,694
+ 12.5
2,449,452
2,619,900
22,459,218
7.4
13,337,127
17,912,947
—
8,102,317
7.4
6,099,344
21,805,300
35,103,300
—37.9
17,293,900
799,555
+ 13.0
789,859
620,486,616"
653,983,237
—
—
5.1
378,759,218
817,372
368,523,074
(12
1,032,727
New
Jersey.,
47,677,564
3,369,417
3,503,789
9.9
6,620,652
222,409,235
+ 16.9
180,038,076
4,382,487'
144,041,398.'
3.6
5,158,837
4,187,005
1,063,140
+ 25.3
■774,363
1,259,46T
788,422
....
15.8
894,248
—17.8
652,647
957,434:
+15.7
264,828,304
209,309,457:
6,421,590
—
Total
—370,271,699
(10 cities)
320,009,831:
Eleventh Federal Reserve District—Dallas-
Texas—Austin-
4,687,260
3,304,655
155,828,000
Galveston
Wichita
133,437,000
17,680,850
Worth————Z-—III
Fort
417,304,579
3,961,000
Falls
•
2,163,378
;
Louisiana—Shreveport
)
;
(6 cities)
189,510,526
3,291,000
2,064,604
5,483,233
5,190,038
»
'164,885,071
+ 41.8
+ 16.8
+
2.2
+
20.4
3,148,129
2,035,267
101,883,921
71,543,658
11,289,396
.
9,262,875)
4,463,000
4.8
1,352,976
2,809,000
948,536
5.3
3,772,166
3,819,377
+14.9
125,909,588
90,416,713'
99,200,163
+
—
5,696,822
+ 36.4
6,210,841
6.3
1,179,637
1,313,905
0.7
62,900,000
45,700,000
+ 25.3
1,063,747
1,090,656
1,090,887
816,827
—
+
1,570,002
1,166,431
+ 34.6
7,226,261,931
+ 29.7
4,557,576,537
3,814,257,645
13,028,241
+ 21.3
9,795,178
9,320,654
—
cities).
Twelfth Federal Reserve District—San
Washington—Seattle
City—
California—Long Beach—
Pasadena.
San
75,228,495
—
——„
—.
107,372,173
+ 17.9
3,367,219
2,329.247
88,119,585
+ 44.6
1,516,345
1,40.9,169
67,771,327
Yakima——
Oregon—PortlandUtah—Salt Lake
Francisco—
126,538,883
—23.1
66,500.647
35,810,457
30,252,882
+ 18.4
73,986,840
26,716,741
11,292.551
8,275,813
9,102,716.
—
9.1
21,387,616
6,047,551
2,798.125
5,539,507
——)
Francisco-.
4,669,382
+ 19.7
3,021,776
360,650,000
317,952,000
+ 13.4
214.056,000
1,057,157
+ 30.0
7,557,786
4,620,447
San Jose__
'6,980,070
5,570,606
+ 25.3
261,179,403
3,959,592
9,721,752
+ 13.4
7,332,499
6,292,041
Santa
2,600,148
1,684,691
+ 54.3
J,519,167
453,972
+ 85.9
445,015
424,401
5,684,039
4,608,206
+ 23.3
4,190.048
3,071,656
27,663,716
+ 32.6
25,767,619
20,688,327
623,267,463
571,661.488
+ 29.3
486,582,606
394,082,299
15,563,943,373
12,646,782,599
+ 23.1
8,858,403,013
.7,426,017,070
6,139,795,850
5,420,520,668
+14.2
4,300,826,561
3,486,961,018
8.815,424
6,779,915
36,678,907
Newark
Northern
82,051,000
844,010
Jersey—Montclair
Total
82,608,000
11,022,109
;——
Connecticut—Stamford
>v
1,847,879
15,803,954
York
Syracuse—
64,487,762
+
+
1,331,632
Joseph—
6,134,584
16,536,500,
9,374,147,523
..
Rochester
New
7,777,645
1,731,057
1,291,291
,
———.
Jamestown
New
+ 15.6
7,856,746
6,690,719
3,540,784
2,852,917
106,061,328
.——
——
Elmira
152,220:
3,Q06,07O
District- -New York——
—
142,0201
181,233
3,382,404
258,209,091
6,187,628
City..
Colorado—Colorado Springs
Pueblo—
Total
Second Federal Reserve
162,913
2.3
9,100,644
...
Wichita.—
St.
69,977,950
+ 38.0
+ 38.9
+
455,828
—
903,614
Hampshire—Manchester..
Total
—18.2
7,500,960
,
Island—Providence—.—
Rhode
715.180
20,805,701
'■
Springfield
659,144
5,485,831
Bedford
New
'■
10.0
+
291,931
7,354,488
:
Kansas—Topeka—
996,170
Maine—Bangor
.
4,242,433
80,886,070
—;
161,839
2.98,761
5,891,591
—
Lincoln
Federal Reserve District—Boston—
First
223,372
Hastings
$
•
Nebraska—Fremont
50,492,479
44,946,677
9,691,066,134
.1,422,731,286
+ 12.3
37,544,537
28,836,327
30.6
4,718,464,283
3,939,056,052
+
;
Barbara
Stockton—
.Total
(10 cities)—
Grand Total
(111
—
cities)-;
Outside New York—
;
)
r—
—„
2,525,883
THE COMMERCIAL & FINANCIAL CHRONICLE
4e.
Monday, July 2, 1945
and Issue— '
Company
Foreign Exchange Rates
Pursuant to the requirements
of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank is now cer¬
tifying daily to the 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:
\
FOREIGN
RATES
EXCHANGE
CERTIFIED
BY
JUNE
RESERVE BANK TO
FEDERAL
1945
22,
TO
JUNE
28,
TREASURY UNDER
TARIFF
ACT
OF
INCLUSIVE
1945,
■
Empire Gas & Fuel Co. 3'A%
Park
Fairmount
1st
Aug
2
due 1957—.j.————'
—July 1
General Steel Castings Corp., 1st mtge. 5s,-series A—July
1
Gulf Power Co. 1st mtge. ZVa'/c bonds due 1971——.Aug
1
Hub, Henry C. Lytton & Sons 5% inc. debs, due 1959_July 15
Inter-City Baking Co., Ltd., 1st mortgage 5(As; series A_July 1
International Paper Co., 1st & ref. mtge. 5s, ser. A & E_July
1
James Morrison Brass Mfg. Co.— 7
'
7, 7;
1st and general mortgage 7(4%
bonds, series A—.July 1
Kansas City Gas Co., 1st mtge. 5s, due 1946
A.—.Aug 1
77Kansas Power, & Light Co., 1st ,mtge. 3'AS due I960——July 1
Kewanee Public Service Co., 1st mtge. 6s, ser. A, dated
1924 <
July 1
Lefcourt State Bldg. (1375-1383 Broadway
Corp.) 1stit'.;
4 (As due 1948
July 20
Lehigh Coal & Navigation Co., 4% fund. & improve.
mortgage bonds
.July 1
Lehigh Coal & Navigation Co. consol. mtge. bonds, ser.
A
-—.July 1
Little Company of Mary Hospital 1st ref.
mtge. bonds
series
A, due* 1965-—
..July 15
Louisville & Nashville RR., unified mtge. 4s, due
1960__July 1
1930
/•'.
.
1062
Co.—
Transportation
mortgage 5s,
Date
■■
debentures due
V
(
Noon
Buying Rate for Cable Transfers
Country and Monetary Unit
Value in
June 22
'Argentina, peso—
7
+.7
.
7
Official———
Free—:
—
t
.||r...
I
!
1
.
I
I
I
i
1
'
Australia, pound—
s
1
»
1
1
,■■■■'
.251247*
$ :
York
New
June 26
June 27
.297733*
.251247*
3.228000
in
Money
.297733*
■;
.$
.251247*
3.228000
June 28
,
'
7-77"
■;
.297733*
.251247*
7
3.228000
—
;7'7v
$
.297733*
.297733*
States
June 25
June 23
$
„
,
United
77:7 •. " $
■i'( i:-'1.297733*
.251247*
3.228000
^
.251247*
3.228000
—
3.228000
Brazil, cruzeiro—
989
...
Official
■
.060602*
.060602*
.060602*
.060602*
.060602*
.051802*
Free
.051802*
.051802*
.051802*
.051802*
.909090
.909090
.060602*
•
.051802*
•
...
Canada, dollar—
Official
.909090
_
——
Free...
u
—
;
___!
England, pound sterling———
4.035000
Mexico, peso
————Newfoundland, dollar—-
:■
.
Official
■:
Free——
.908571
.908515
.908359
.569800*
.569800*
.569800*
4.035000
4.035000
.301215
,301215
.205820
.205820
,909090
—
'' ;i
.909090
.909090
4.035000
4.035000
7 .301215
.301215
+
'
.205820
.205820
•
.906041
.906041
.909090
?
,909090
due
.909090
:
.906041
.906250
3.244203
3.244203
3.244203
3.244203
3.980000
3.980000
3.980000
3.980000
.906041
v, ■'
——
.658300*
.
.658300*
.658300*
.658300*
.542650*
.542650*
Noncontrolled——
■
.658300*
.542650*
.542650*
.542650*
.658300*
/
;
,7542650*
•Nominal rate.
York City, and increased $60,000,000 in the
Statement of Condition of the 12 Federal
trict; all reporting member banks showed
$134,000,000.
;7 v7 7
Chicago Dis¬
a
net decrease
of
Reserve Banks Combined
t
Borrowings
of weekly reporting member
creased $393,000,000.
(In thousands of dollars)
^
A
■
v.-
.
,
' Increase ( + )
.
Decrease
or
(- -) Since
certificates
Gold
June 20,
,1945
June 27,
Assets—
on
hand and
1945
due from U. S. Treasury——,
17,407,210
Redemption fund—F. R. notes—
699,358
————
18,108,568
_—
Other cash
4,005
2,093
+
216,554
1,912
—
reserves
Discounts and advances——
Industrial loans
202,469
—104,115
3,293
——,
32,807 "
—
206
—
June 20,
Assets—
150,921
June
Bills
+
99,887
+
+
86,000
+
2,542,021
|
1,683,950
j1..
-
Bonds——.
+
4,109
+
1,422
+
3,130
5,896
+
40
Industrial,
and
and
M-
501,415
+
chasing or carrying;
351,454
—
U. S. Government
pur
(inci, guar, sec,).——
+ 185,887
+
6,612,160
21,898,483
+
81,566
+
6,755,307
902
+
U. 6.
Due from foreign banks..
F. R. notes of other banks
Uncollected items
110
"■
2,035
84,283
.;
7,891
—
1,829,422
—_
—533,766
1,845
—
Other loans
119,664
+
49
—
—
:
,
645
,
55,447
342
+
3,908
—
42,224,961
.
—494,517
+ 5,879,921
'
Liabilities—
Federal Reserve notes
10,505
+
1,088
9,510
+
367
L.
24,349
+
671
24
3,125
+
4
22,942,621.
69,395
+
Reserve with Federal Reserve Banks.
4,110,299
+
Deposits;
Cash in vault
Member bank—reserve acct,_
j
I
'
14,759,990
U. S. Treasurer—gen. acct—
Foreign—
—594,245
687,287
•
+
+
126,720
1,297,666
+
28,706
476,382
+
35,626
Other
Total deposits.
7 17,221,325
1,517,033 ;
—
Deferred availability items—
.Other liabs,, incl. accrd. divs.
Total liabilities.......
—189,866
12,781
—A
+
1,602,410
—376,624
+
86,836
638
+
573
+
41,693,760
—496,457
169,454
.
+ 5,800,118
Debits
F. R. note liabilities combined
to
trial loans
make
1~822
+
11,294
'
and
42,224,961
+
45.1#
.1%
+
5,391
+
7
304
+
or
.
Date
Company and Issue—
Aberdeen & Rockfish RR. serial ref. 4%%' bonds due
Machine
American
tures
due
American
due
&
Metals,
1959.;
Writing
1961
due
Holdings of all classes of United States Government
obligations increased substantially: certificates of in¬
.—~—;
Paper
$1,088,000,000, bonds $671,000,000, Treasury
$528,000,000, and Treasury notes $367,000,000.
Of
deposits adjusted
the principal decreases being
decreased
in all
districts,
$1,794,000,000 in New York
City, $513,000,000 in the Chicago District, $273,000,000 in
the Boston District,
$241,000,000 in the Philadelphia Dis¬
in the
Cleveland
District.
2654
*
2597
2795
1
2327
1992
1
1
1870
1
1870
1
1878
7
due
1969 —:
Power
1967
2782
2551
1
2439
1
*
1
2440
1
2553
—.Aug
1
2440
Aug
series E bonds due 1969—.
series
Co.,
G
bonds
1st & gen.
due
1
2440
1974
mtge.,
3'As,
Co.
1st
mtge.
41/23,
ser.
B,
——July
1540
2
2657
A,
decreased
$80,-
ican
1
$38,000,000 in New
due
Duquesne Natural Gas Co.,
5%
1st mtge.
....
con v. .bonds
due
1951—Jan
preferred stock.^..■_—•
7s
*
2555
General & refunding mtge. bonds, series A/due 1950_July.
DiGiorgio Fruit Corp., 7% preferred etock———-July
1
2107
Corp.—
1
Bridge Co., 1st mtge. 6 Vss, dated I925_s
July 1 ;
Eastern Oregon Light & Power Co., ref. and first collat.
mtge. 5(4 bonds, series B—.—.July 1
Erie RR, 1st consol.;mtge, 4% bonds,, series B, due 1395_July
1 :
Erie RR., secured serial 3 Vatfe, notes, due 1953—
-July 14
General Cable Corp. series C Vhf,!r. bonds———
July 18
Georgia Power & Light Co., 1st. mortgage 5s, due 1970—July 1
Godchaux Sugars, Inc., $7 preferred stock—77—.—7—.July
1
Hearn Department Stores, Inc. preferred stock——Aug
1
Holly Sugar, Corp, 7% preferred stock
.Aug
1
Houston Gil Co. of Texas, 4'A% debentures,, duo 1954—July. „l
Dumbarton
'
International
6%
MetaHIndustries, Ltd.
conv.
preferred
series
A
6%
con v.
preferred
Johnson Fare Box Co.,
due
City
1950
1st mortgage
Southern
Ry.,
———
ref.
&
984
2331
2218
2786
2219
2556
♦
7#
1999
.2447
2110
1
—July
Kansas Oklahoma & Gulf Ry., 1st mtge. 5s, due 1978—July
Kings County Lighting Co., 1st ref. mtge. 5% and B'/a'A
bonds, due 1954 ———7—
7_;
—July
LaSalle Extension University, 7(4 preferred stock..—July
Lehigh Coal & Navigation Co., consol. mtge. 4'/2S, ser. C-July
Funding and improvement 4% 50-year gold bonds—July
Los Angeles Pacific Co., 1st ref. mtge. 4%
bonds, due
2787
1
1
1
e'/sS—1.7...—-July
improv. mtge. 5s,
————
1540
2330
7
stock——_Aug 15
International Salt Co., 3 A % debentures due 1951.
—July
Interstate Debenture Corp., debentures due 1955——.July
2554
Missouri
Edison
National
Automotive
2001
2448
1
1
2557
1
2557
1
•
t
2557
1
2110
1
2UO
Co., 1st mtge. 3'As, due I960.—Aug
1st & collat. mtge. 5(4
1
2558
Co.
$7
no
Fibres,
par
l
July 28
—
preferred stock—.
Inc.
6%
pfd.
.Aug
1
stk._„_Sep
1
York, Chicago & St. Louis RR.—
Toledo, St. Louis & West. RR.. 1st mtge. 4s, due 1950_Oct
New York, Chicago & St. Louis RR., ref, mtge.
4(As,
conv.
New
due
C.
1978—
New York University
2554
Parisian
1st
2784
due
Power
Minnesota & Ontario Paper Co.
income bonds due
I960——
Laundry
Co.
mortgage 4'As,
;
1st mtge.
of
—
———
1
313
—Sep
1
2560
Aug
1
2790
1
2337
4'As, due 1956
Toronto,
Ltd."—
due 1948—
—July
Pennsylvania RR.—
General
mortgage series C 3%%
bonds due 1910
1
1540
1
2555
1
2555
1
2451
1
2452
Reading Co.—
July
-Aug
Pickering Lumber Corp., 4% debentures.—.
Polk (B. L.) Building Co., 1st mtge. 5'As
Portland RR,, 1st consol. mtge. 3'As, due 1951—
July
1949-53—
gen. & ref. mtge.
—_———
9
2554
1
2554
College of St. Thomas Aquinas and Domin¬
Fathers, Province of St, Albert the Great, 1st
serial bonds,
...
Tramway
1
Dayton Power & Light Co., 1st mtge. 3s, due 1970—July
Denver Tramway Corp., gen. & ref.
mtge. bonds, ser. A,
due 1950
July
mtge.
—
—
Sioux
1969
July
Denver
2
July
1957-July
Dominican
Deposits credited to^ domestic banks
1653
bonds,
1,' 46
July 19
Power
4%
1
Ser.
ser.
(
Consolidated Cigar Corp., $4.75 preferred stock
Consolidated Electric & Gas Co., coll. trust 6s, due
District
divisional
1319
-
-
Valley
——*July
City & Pacific divisional 4% bonds,
July
Consolidated Cities Light, Power & Traction Co.,
1st
'
lien 5s due 1962.—.——————
—July
Consolidated Retail Stores, Inc., 8% preferred stock.
Aug
mtge.
Marion-Reserve
Cincinnati Union Terminal Co.—
First mtge. 3%%
First mtge, 2%%
1
Aug
.—
...
Plaines
.
——
mtge. 3'As, ser.
—
Copper
1763
&
Quincy RR., 1st & ref. mtge.
3%% bonds, due 1974—
:
Aug
Chicago & Western Indiana RR., 1st & ref. mtge. 4'As,
ser.
D, due 1962—
-Sep
due
1
,
Burlington
Connecticut
2437
A,
1st mtge. 7s, due 1948_July
mtge. 3'As, series F,
July
—
Chicago,
2437
1
.—July 23
1959——
Des
mtge.
Kansas
July
ser.
1965
due
1
Page
bonds,
-
1956
136,000,000 in Government deposits.
and
mtge.
bonds,
All
substantially in the increase of $8,-
$00,000 in the Boston District
6%
-
Corp.
Chesapeake & Ohio Ry. ref. & improv.
E, due 1996
—
the total increase in holdings of these
securities, $885,-
000,000 was reported by banks in New York City, $414,000,000 by those in the Chicago District, and $401,000,000
by those in the Boston District.
gen.
1st mtge.
Co,,
...
Ballard Oil Co; of Hartford, Inc.,
Bethlehem Steel Corp.
consol,
debtedness
1957-July:
deben¬
.—July
15-yr. 4(4%
Inc.,
!+
1
and
Arkansas-Missouri Power
Page
REDEMPTION
PARTIAL
$71,000,000.
districts participated
+^777'>;
TENDER
preferred
carrying United States Gov¬
increased
$239,000,00.0
OF
Date
stock——.—;—
July 9
Poll-New England Theatres, Inc. 1st mtge. bonds due
77 1953
July 25
Roberts & Oake, Inc., 1st mtge. 6s, due 1954——.—July 2
Westport Paving Brick Co., 1st mtge. 6s due 1949—..July 10
$1,321,000,000. Of this
$1,187,000,000 were loans to others than brokers
and dealers; member banks in New York
reported an
increase
of $741,000,000 in such
loans, those in the
Chicago District $204,000,000 and those in the Cleveland
and
■
NOTICES
Co.
A stock..—
2782
■
.—July 30—-^un 30
Inc.,
Davega Stores Corp.,
called
Company and Issue—
Ice
314 7o
s.f.
!
preference stock—
————July
Ltd., 1st mtge. 5s, scries A, due 1934
July
Chicago & North Western Ry.—
' <" .7:.
7. ;
:
common
'7■
American
20-yr.
Cuban Telep. Co.
ing tenders, and the page number gives the location in
were given in the "Chronicle."
following
class
mtge.
—
.
which the details
total
trict,
Burdines*
stocks called for redemption,
under sinking fund provisions.
date indicates the redemption or last
<jlate for mak¬
and
those
2549
1989
.Aug 15
—„—
consol.
Burns & Co.,
list of corporate bonds, notes,
a
Corp.
F—
Inc.
168
16.9
^ t/-
Below will be found
—
Steel
Ser.
Brentano's,
1,163
25,376
7
2781
1954—^
......
+
1st
1,192
.
Demand
,
accounts,
10.1%
Pag«
2781
due
15-year collateral 4tVo notes, due 1954..
.—.—..July
1st & gen. mtge. 4s, series A, due 198?—.———
July
393
5,879,921
—
bonds
sinking fund bonds due 1955_—July 16
Logan Valley Electric Ry., 1st lien & collate
———
due
—494,517
Date
Ltd.—-
sinking fund
:_July 16
+
—
-,
principal changes for the
$8,136,000,000 in United
States Government
deposits and $4,109,000,000 in total
loans and investments, and a decrease of
$4,013,000,000
in demand deposits
adjusted.
bills
+
Issue—
1st mtge.
&
1951
200
week ended June 20: Increases of
District
134
and
....
—
(I
tr.
+' ENTIRE ISSUES CALLED
mtge.
gen.
Bethlehem
28,253
+
leading
purchasing
750
1,732
'
;
obligations
261
8,145
1,050
Gov't
S.
2599 i
—
coliat.
due 1954
July 1
American Bemberg Corp., 7% preferred stock
;
3uly 1
American Insur. Union Bldg. 1st mige, bonds due 1952-July
1
Anderson, Clayton & Co. 4'U debs, due 1951 and 1953__July 31
Atlantic Sugar Refineries Ltd. 15-yr.'1st mtge. 4s due
deposit accounts except
U.
1
1st
The condition statement of
weekly reporting member
of the Federal Reserve
System in 101
Loans for
—
1
2794
1953
7" trust 4s,
'
banks
ernment
+
18
8,136
3%s due 1967...
2667
bonds,
during week
The
the
,+
+
+
328
including
shows
—4,013
10,073
preferred
cities
+
2794
2490
impr.
1
4'A %
Altoona
6
118
1
1
—;
and
1
6%
649
8,497
.
indus¬
——_
+
July
July
1959__——Aug
due
■
ref.
mtge.
ref.
—
debentures
1st mtge.
1
July
due
Company
221
518
3'k
Calif.
Co.
2598
A,
ser.
:
259T
July
gen.
Louis
due 1974—!
Acadia Sugar Refining Co.,
595
+
13,673
.
demand
to
interbank
40,056
+
106,429
.....
+
+
27.165
Total liabilities & cap. accta—
Ratio of total res. to deposit &
Commitments
118
+
228,153
5,933
8
+
37,176
Domestic banks
Capital Accounts-
Capital paid In
Burplus (Section 7)
Surplus {Section 13b)—.
Other capital accounts
2,325
+
,
Foreign banks
Borrowings
;
July 1
——
bonds,
Engineering & Management Corp.,
7
1,274
+
29
—
—
2,463
Demand deposits-adjusted—.
(Time deposits......—7.
U. S. Government deposits
Interbank deposits:
*
75,868
+
+
Louis
St.
•
2489 (
Wisconsin Public Service Corp., 1st mtge. 3'As, due 1971.July
Liabilities-
279,414
—
■
574
Balances with domestic banks
1,679,236
340,047
+
10,142
—
..
'.+
of
St.
of
'
2597
collat. tr. bds.,
1st lien
———
—
Association
435
—
>
Aug
5s,
122
+ '
—
of
Association
1953
RR.
Welsbach
53
+
37
Other securities.—
„
RR.
Union Terminal
25
—7
528
Treasury notes
U. S. bonds
-*■
+
+
Obligations guaranteed by U. S. Government
■
Total assets
2
17
—
1,458
_
34,094
....
77
1,946
:
Treasury bills
Treasury certificates of indebtedness
!
Bank premise®
Other assets
1st mtge.
Gas & Water Co.,
mtge. 3%s, series B,
1,750
+
+
91
-
+
7
+
1,047
-
Loans to banks
m
2666
Terminal
279
32
+ 1,187
388
Real estate loans
26
—
—
2792
2333
Union Oil Co.
Gfivernment obligations
Other securities
V
2452
1
Oil Corp.,
Union
4s, due
917
134
+
Other loans for purchasing or carrying:
21,692,721
Total loans and securities
1
1
•
Terminal
1,729
Other securities
Total U. S. Govt, securities
'
»
2596
1
2339
———
Co., Ltd.,
—
.
*
1
....
due 1951
Standard Bleachery & Printing Co., 5^2%
due 1946
43
—
7+
.
2452
2664
1
1947
—
dealers;for
'
obligations
2560
51/25, due 1972..Aug
1
debentures, due 1964——July 15
mtge,.
Coal
Electric
Southeastern
agricultural
—
brokers
to
2560
Corp., 2'A% debentures, due 1954——July 1
20-yr. 2%%> debs.,- due 1961—.'July 15
Co., 1st mtge. 3s.—.——————July 1
Secony-Vacuum Oil Co., Inc.. 2%% debentures due 1955-July ;1
11,853
+
loans..
2451
2337
Sloman-Polk
V
'
1,112,642
^
$
13,546
Loans
'
Notes—..
t
1st
2560
2560
2560
Shell
1944
63,005
3,920,178
5,924,011
—
2662
2663
Shell Union Oil
June21,
$
Loans—total
Commercial,
12,972,118
;
13,
1945
$
_
2662
2112
Aug
due
Sao Paulo
Loans and investments—total
7,774
2558
5s, due 1962-—.July
bonds
Increase (+) or
C. S. Govt, securities:
Certificates—
1
.•*
:
Co., 1st mtge. 5s, due 1955——July
Pressed Steel Car Co., Inc., 5% debentures due 1951——Juty
Revere Copper & Brass Inc. lst mtge. 3'As, due 1960—Aug
Ruppert (Jacob) 5'A debentures due 1950
.—July
St. Joseph Ry., Light, Heat & Power Co. 1st
mtge. 4^%
Decrease (—) Since
64,006
+
bonds
—•
——
Pratt Consolidated
(In millions of dollars)
924,620'
—
4(4%
200a
.
287,545
—
f.
s.
1
.——July
3'As,
July
—
—1,212,165
—
secured
Philadelphia Elec. Power Co.
de¬
"
1945
Total
Inc.
A"
joint
mtge.
L
—
Phillips Petroleum Co., 2%%
'
1st
1st mtge. 4s, due 1955——July 1
,7 Old Dominion Power Co., 1st mtge. 5s, ser, A, due 1951.July
2
Paducah & Illinois RR., 1st mtge.
4V2S, due 1955—
July 1
.-Panhandle Eastern. Pipe Lino. Co.,; 1st
mtge, and 1st
77
lien 3% bonds, series
C, due 1962
July 1
Paton Mfg. Co., Ltd., 1st mortgage 4V2S, due
1956.—...Sep
1
% Penn Dairies, Inc., 1st mtge. 6s, due 1949^—.^—: ._;_.1Juiy> 4
Pennsylvania, Ohio & Detroit RR.Vlst & ref. mtge. 3%'s, .7 ser. D, due 1968-—
..July 1
Philadelphia Co., 4'A% collat. trust bonds due 1961
July 1
28,
1944
+
:.
4'/<>
—...
Corp.,
New London Northern RR.,
of the assets and liabilities of reporting
summary
member banks follows:
June
banks
N.-Southern
& Electric
Properties,
1963
&
collateral), due .1952
Gas
•
2222
.Aug 1
Mississippi Power Co., 1st mtge. 3V8S, d«e 1971—
July 14
Molrs, Ltd., 1st mortgage bonds, due 1953—
July 1
Monongahela Ry., 1st mtge. 3lAs, ser. B, due 1966.____.Aug
1
Munsining Paper Co., 1st mtge. 5s, due 1947
...July 1
3.244203
3.980000
Uruguay; peso—
1966
due
,906041
3.244203
■'
—.
(Monon
County
Mercantile
X!
3.980000
:
Union of South Africa, pound
Controlled——.—
'
bonds
•
Luzerne
.301215
.205820
■;
4.035000
....
2788
—
Louisville & Nashville RR.—L.
'
:
—
—;—
.909090
.908671
.569800*
:"
.205820
■
——
New Zealand, pound
.909090
.903593
.569800*
.301215
....
India (British), rupee
.909090
.908437
.569800*
-
Colombia, peso
—
Quincy Market Cold Storage & Warehouse Co., 5%
ferred
stock
Gen. & ref.
July
July
July
1
2596
1
212
pre¬
Aug
1
2596,
mortgage 4V2%, series A and B, due 1997-July
1
2115
V
Mfg. Co. convertible preferred stock_____—.—Aug
Savannah Electric Co., 1st consol. mtge. 5s, due 1952—July
Per
Name of Company
•
1
1
1
Simmons Co., 4% debenutres, due 1952—__________July 16
Solar Aircraft Co., series A preferred stock———July 16
South Carolina'Power Co.—
.v<
/:
•„/.
Central Franklin
2116
RR.--
Sunbury & Lewisburg
Shamokin,
—July
Sheridan-Wyoming Coal Co., Inc., 1st mtge, 6s due 1947_July
mortgage, 5s, due 1945_—
2nd
"1st lien & ref. mtge. 5%
.-July
1961—July
414%
2489
United
Utilities
Public
2490
2490
Chase
2269
Chicago, Wilmington & Franklin Coal Co.-—
Quarterly
United-Rexall
Drug Co.—
1
due
debentures,
United States
Leather
2153
2
2
1
2598
Citizens Bank of
———July
July
—
1958
stock—Oct
prior preference
7 A
Co.
2667
*
Cohen
Virginian Ry.—
!
1st lien
9
1
1
3%bondSf series A, due 1966_July
Building Corp., 1st mtge. leasehold &
trust 4%
bonds, dated 1941
.—July
2667
collateral
July
second preferred stock
Wagner Baking Corp.,
prior preference stock
6%
preferred
2378
this
in
•Announcement
All others in
issue.
2491
&
(N.
Bank
—
& Trust
Connecticut-River
preferred
Consolidated
i
;
Container
7%
25c
Fund,
Affiliated
Air
Reduction
Albermarle
Oil
All-Penn
American Bantam
American
7%
/|:7-16
,7- 2
.
& Knowles
(accum,)
•
common
—
Detroit-Michigan
6-28
Detroit
7-2
6-28
Diamond Ginger
Chemical-—
American
Potash
&
American
Smelting .& Refining Co.
$1.75
$3
25c
7-23
7-13
Dwight
t683/ic
7-10
E.
7-16
•Equity .Trust
7-27
Eureka
75c
50c
_____
com.____
7A
preferred (quar.)
_™™__
3 American Steamship Co.——_________
Anaconda
Wire
.
v
Cable——_____—_____
&
6-16
8-3
1
Eastern
6-30
8-
9-
6
"
.
,
Babcock
;
Bankers
Commercial
1
6%
(N.
Corp.
Class
A
Bell
(quar.)——
Inc., $3 prior pfd. (quar.)
75c
Foods,
Biddeford
Inc
70c
7- 2
7-25
(quar.)—
Franklin
common
6%
preferred
<quar.)_.
7-31
7-
2
6-27
Fulton
Bag
8-
1
Trust
Cotton
&
(NY)
7-20
Fulton
6-30
6-30
7-20
7-10
6-30
6-18
2
Co.
Gardner^Denver
$3
Co.,
convertible
.
preferred
Q%
(quar.)
8%
6-26
6
35c
7-
2
6-20
50c
8-
1
(quar.)
(quar.)__
25c
75c
common
preferred
Co.,
—
preferred
.
7-10
7%
(quar.)
preferred
Personal
Boston
Mass.)
Bremmer-Norris
Brent,ano's,
Brewer
(O.)
Brewing
4%
pfd. ?(s-a)
(accum.)__
Corp.,-common (quar.)
5% -preferred A (s-a)_
—,
General Finance
Investment
Class A
16c
$2
27c
$1.50
62 Ac
$1.25
—
Inc.
(quar.)_________
Of America
(quar.)—1
Electric Ry.—
British Columbia
6%
(Boston,
——__________
&
Corp.
Brink's,
$1.60
Inc.
Trust
Property
(quar.) '
Realty
.
1
'
prior pref.
Caldwell
$1.50
•
(s-a)—
Mills,
Linen
———
Ltd. com.
(interim)
__
1st preferred
(quar,—;_j._—
80c 2nd participating preferred (quar.)__;
Calgary Power Co., Ltd. 6% pfd. (quar.) __
California-Oregon Power common
_____
7%
6A
preferred
.
6A
(quar.)____—
preferred
(1927
Callite
series)
—
(quar.)—___
Tungsten
Camden
&
Canadian,
$3.40
Canadian
8%
Corp
Burlington County Ry. (s-a)____
Ltd. com. (initial) ____
.
Breweries,
conv.
Canadian
preference
Investors
Oil
Cos. Xitd.
preferred
Carborundum
Carreras,
Class
(quar.)
Corp.,
Ltd.
common
5■%
(quar.)
(quar.)
$25c
$38c
$20c
$$1.50
37y2c
6-26
6-19
9-10
8-25
6-30
6-21
7-16
6-30
7-
2
6-25
8-
1
7-
8-
1
9
7-17
8-1
7-10
8-
7-10
1
Corporation,
common
1
7-10
.Hallicrafters
8-
1
7-10
Harrisburg Gas Co., 7% pfd. (quar.)—__—
Harrisburg Railway Co.
6-30
6-30
Hart
6-30
Hartford
$1.50
10c
7-14
6-30
8-
9
7-26
7-
2
6-15
10-
1
8-15
(quar.)
Aguirre Associates
flOc
' $25c
$$2
8%
&
Electric
1
8-15
Haverhill
7-
common-
(quar.)
:
Inspection & Insur.—■
Gas
Light
(quar.
6-30
6-19
Hecht
6-25
5-29
6-25
5-29
6-22
8- 1
7-11
1
7-11
7-16
6-30
8-
Company, common
4V4% preferred (quar.)__.
Hercules
Powder Co.,
6%
pfd.
(quar.)_
Hershey Chocolate Corp,, common (quar.)__
$4 convertible preferred (quar.)
Holly Development Co. (quar.)
Holly Sugar Corp. common (quar.)
7%■
7-27
7-
1
6-30
6-30
7-14
6-21
6-21
7- 2
6-25
7- 2
6-26
$1.50
25c
75c
7- 2
7-23
8- 1
7-31
7-31
6-20
7-5
$1.50
8-15
75c
$1
1c
25c
8-15
8-15
7-25
8-
preferred
(quar.)_
$1,75
8-1
8- 1
____
7- 5
-
7-15
7- 5
8- 3
7-25
7-25
6-30
7-13
7-13
preferred
7%
National
National
National
National
6-25
7-
7
6-29
1
7-16
7-
2
25C
pfd.
common
6-22
7- 2
7-
6-23
6-23
2
7-
5c
.7-12
37 AC
(quar.)
6-27
$1.50
(quar.)_—;
6-30
6-30
62 Ac
6-30
$1.50
7-14
56 Ac
,
"
30c
(quar.)^._____
;
—
(quar.):
Shipbuilding & Dry
preferred (quar.)
Niagara Fire Insurance €0.
Norfolk & Western Railway
Adjustment preferred
North American Rayon,
'7-2
7-16*
50c
,55C
6-16
37 Ac
6-22
20c
6-27
preferred
f' $1
6-30
SI
6-22
$1.50
6-15
7-21
$1.62 A
$1.75
Dock—
7-2
!
6-27
6-30
6-30
50c
9-
$1.25
11-
1
10-15
(N. Y.) (quar.)_
6-29
6-26
Co., com. (quar.)
$2.50
9-10
$1
8-10
50c
6-30
(quar.)
class A—
preferred
Leather
Co.,
common
(quar.)_i~—:>_
Orchard Farm Pie, $5 .preferred
40c
7-14'
6-30'"
10-
9-21
1
7-30
7-14
7-30
7-14
25c
7- 2
7-
6-20
2
7-
2
6-20
6-20
7-2
(quar,)
$1.12 A
7-31
(quar.)_
(quar.)____
50c
8-
1
7-10
$1.25
7-
2
6-20
$1.25
8-
1
7-14
87 AC
7-
2
6-20
7-27
7-23
—-
Coast
(quar.)_
(accum,)______—1—
Pan American Life Insurance
6-20
'
40c
Co., $5 preferred—
Pacific Greyhound Lines, $3.50 pfd.
Pacific Portland Cement Co.—...
,
$1.25
—
Company
________—
Corp., 4'AA conv. preferred
Oliver United Filters, Inc., class A
(New Orleans)
50c
Semi-annual
Coca-Cola
6-30
$2
Oliver
Panama
6-28
7-14
$1.75
Oilgear
preferred
$1.25
$1.25
preferred (quar.)
7A preferred (quar.)
6A A
6-28
1
20c
(quar.)
common
8A
-
7-18
6-28
Service—
(quar.)
Co.,
7-
8-15
,
6-30,
75c
5A .preferred (quar.)__—_—
/"Northern States Power (Minn.)—
$5 preferred (quar.)——
Northwestern States Portland Cement (qua.)
Shoe
8-15
1
$1
——
(quar.)
Northern Indiana Public
Pacific
6-27
:
$1.50
50c
/.
7
8-14
15c
$1.50
Telephone
$5
Ohio
9-
$1.75
(quar.)—
preferred (quar.)
5A
9
25c
(quar.)
pfd.
6-19
:
7- 2
-1
Richmond Gas Co.—
Newport News
Nunn-Bush
7-11
,
8-
25c
._
York &
6%
7-11
1
7- 2
:
$3.50
._
—_
(guar.) ______
Distillers Products Corp. (quar.)__
Pumps Corp., 5 A %
pfd. (accum.)
Screw & Manufacturing-™
Shirt Shops (Del.) common
York
8-
1
10c
prior preferred
6%
6-25
•
:
1
420c
New
New
,
$1.50
New
New
6-30
,
7- 2
8-
$1.25
New Bedford Gas & Edison
New
6-26
7-25
$1.50
(quar.)
—
Light Co. (quar.)
England Confectionery Co
England Laundries, Inc., $6 pfd. (quar.)
Haven Clock Co., -6 A % pfd. (quar.) —
$6
7-14
/
$$1,50
._
'
7-10
./
40c
Co.—
4AA
Electric
0
6-20
■$1.75
(quar.)_______—
—
States Tel. & Tel, (quar.)——_
National Biscuit Co.,
9
Steamboiler &
9-20
1
8-15
10-15
7-23
68%c
50c
50c
8-
—
—
—
$6
-.7- 5
.6-22
$1.50
—
(quar.)
Co.
v
'
20c
National Bond & Share Corp.
8- 1
9-28
6-27
$1.75
10c
30c
$1.06y4
——
1
8-
8- 1
7- 7
7- 9
7-10
7-10
6-29
7-24
7-24
6-26
6-23
7- 9
40c
35c
(quar,)—
Hawley Pulp & Paper Co., $6 2nd pfd. (quar.)
Hayes Industries, Inc.—
Hearn Department Store, 6%
preferred
8-15
6-19
6-19
7- 2
11-10
11-10
7-10*
40c
Marx—___;
Quarterly
1
10-
7- 2
7-2
7-16
11-25
11-25
8- 1
•
/;: 7- 5
15c
Mountain
9-15
10c
(quar.)__
Light
Co.,
preferred
Hartford
8-
7-2
37tic
Schaffner
10-
$2.50
I2V2C
25c
(quar.)
Company
Hartford. Gas
5
*10-1
7-11
25c
Society,
Nqvrf),frf,,n5:ot.t
6-20
7-14
,
7-14
75c
420c
85c
:
6-30
8- 1
Castings Corp.—
v"":
y ,
$6 preferred (accum.$1.50
8-15
Giddings & Lewis Machine Tool Co.___:—___
25c
7-17
Gillette Safety Razor (quar.)_
—20c
7-25
Gimbel Brothers, Inc., -common-.
25c i / 7-25
$4.50 preferred '(initial quar.)————
$1.12y2
7-25
Goodman Manufacturing Co._____^_—50c
6-29
Gordon & Belyea, Ltd., class A (quar.)__„
1$2
8- 1
Class B
(quar.)_
$40c.
8- 1
6% ■ preferred (quar. )
—.
4$1.50
7- 3
/'Group Corp., 6% preferred (accum.)
—
SI
7- 2
Gulg Mobile & Ohio RR., $5 preferred—$2.50
7-28
8-
2 9/10c
<quar.)__
preferred B (s-a)_i
Mills, Inc. (quar.)
General
6-30*
6^22
'J
$1.25
.preferred
5%
7- 5
7-20
General Steel
7-20
24%c
(quar.)
..
7-14
50c
______
A
preferred
Central
6-30
Ltd—
ordinary registered
Class B ordinary registered
Case Lockwood & Brainard Co.
Celotex
»•
(quar.)
Co.
6-25
$1.75
$1.50
(quar.)—
preferred
6-30
6-26
;
2A%
Brooklyn Trust Co. (s-a)__—
,—$2
Brooklyn Union Gas Co—_i
25c
Byers (A. M.)Co. 7% preferred (quar.)——
$1.75
5%
.,
7-20
15c
15c'
common
Mountain States Power Co., common
>
6-15
7-20
8- 1
6-30*
/
IOC
—
(quar.) ______________
preferred
Montana Power
6-25
6-30
80c
$1
5c
25c
30c
$1
J
•
1
"
$2
r.
common
General Discount Corp.,
7-
i
(quar.)
General Baking
of common for
Boston Acceptance 7A pfd. (accum.))_
Edison Co.
(quar.) ______
_____
—
7- 2
7- 2
7- 2
6-30
7- 2
6-15
35c
$1.50
class A (quar.)______
Morris Plan Industrial Bank (N. Y.)_-
General American Oil Co. of Texas—•
6-20
6-20
Boston
—
Fyr-Fyter Co., Class A
7-
6
5c
50c
$1.50
75c
50c
$1.50
50c
Mills___
7-27
2
__—_______.
—
(quar.)
Company,
1
7-
share 'held
Co.
Process
Frick
,
share
(s-a)
7-13'
40c
Extra
&
Washington
of
Co.
Brewing—'
9-
7-
common
Pitt
$1.31 A
(quar.)
(quar.)
(quar.)
Mississippi Shipping
6-24
7-10
6-21
6-20
6-20
6-28
Insurance
Georgetown (D. C.)
6-30
6-22
$4
(quar.)
preferred
Monroe Loan
6-30
-
6-30
50c
additional
each
7-16
.
55c
—
preferred A -(quar.);—_________
Memphis Natural Gas—
Mercury Mills, Ltd, (quar.)_—
Middlesex Products (quar.) __________
Middlesex Water 7 A pfd.
(s-a)
6-25
6-25
6-25
7-16*
200
Fort
(quar.)
—$1.12 A
Inc.' (stock dividend)—
Co.
preferred
Stores,
One
(quar.)
Co. (Ala.)
Fire Jns.
Bobbs-Merrill
Bond
Water
& Saco
Birmingham
4A A
$2
50c
$1
40c
Pennsylvania
Telephone .Co. of
Best
6-23
t25c
43%c
common
Beaux-Arts Apts.,
6-29
8- 6
9-20
8- 1
6-21
7-20
7- 2
6-21
6-25
-
7-T7,:
25c
6A
6-16
6-16
6-25
6-30
—
Co.,
&
Medusa Portland Cement
7-27
Extra
Inc—
3
7-17
S2
.
20C
7- 2
7- 2
7- 5
7-16
7-14
8-
$2
:
._
8-10
Fireman's
Corp.—
(quar.)—
Beacon Associates 7% preferred
10- 1
6-30
8- 1
6-22
$1.06 A
(quar.)—
McCaskey Register, 7% preferred (quar.)
McColl-Frontenac Oil Co., Ltd.—
.
preferred (accum.)
Paper Co., Ltd.—
Bathurst Power &
7-21
$1.50
participating
.
7-31
Y.)—
(quar.)
Securities
Bankers
...
50c
—
Co.
6% .preferred
.
7-14
7- 2
's'. .-••■V".
$2.50
7-10
urreg.)__.
Rubber
7: 2
17 Ac
Wilcox
Baldwin
6-15
•
—
(quar.)
pfd. A
Co., 4V4%
Fund,
preferred
6%
6-30
7-2
8-20
7-1
1
6-20
75c
25c
Marshall Field
7- 3
8-1
9-10
Instrument
6-20
87 Ac
(quar.)__
,'McCall Corp.
$1
20c
75c
50c
Creamery Co.
'6-20
—_—
(accum.)—
Manhattan Shirt Co. (quar.)
Marathon Corp., 5% preferred
50c
&
Camera
\6-20
preferred
8%
25c
$1.12%
15c
80c
Fairchild
Fairmount
10c
■
.
(Del.), common—
4%% preferred (quar.)_
—
Ferry Cap & Set Screw
—
—
Fidelity-Phoenix Fire Insurance (NY) (s-a)_
6-20
.6-20
Refrigerating Co.—
7- 3
6-15
'■7*13
10c
5c
7-14
Co.——
7-14,
75c
——
2nd preferred
Manhattan
12y2c
Cleaner
Vacuum
7-10
6-23
50c
of Virginia——
Co.
(quar.)
Co.
Bond
-
30c
l^c
3
8-
37 Ac
—
Manhattan
—
Eureka
6-20
6-21
8- 3
5c
Taylor, 8%
(R. H.)
Macy
7-14
v,
T7' 9
.
10c
preferred, (quar.)
6%
1
Shares hi America
Line Co._______
7-16
8-
25C
5V*% preferred (quar.)—
;
Lykens Valley RR. & Coal Co. (s-a).—_____
6A
,
Pipe
,
6%
Extra
,7-11
:,7-10
Macwhyte Co.
7c
50c
Preferred
1
',
preferred
Atchinson Topeka
8-15
1
7-31
$1.75
8-28
7- 2
6-15
30c
8-25
$30c
$$1.73
(quar.)_
9-20
7-31
7- 2
7-16
7-25
7-16
6-27
7- 1
,9-15
$1.50
Investment Co._^_______—-i™
Lowell Electric Light Corp
—-.—
Lux Clock Manufacturing Co.__.——.——Luzerne County Gas & Electric Corp.—
6-20
7-14
7-14
conv.
9-15
9-15
i2yac
Los Angeles
6-30
—
—_—
6-21
9-25
15c
MacAndrews &. Forbes, common___—________
8-15
7- 2
iv2c
6-25
6-25
78/' 88-
7-
$1.50
A;
Insurance
Lord &
2
1
1
pfd. (quar.)
Elgin Sweeper-Co., $2 preferred (quar.)
Embassy Realty Association, com. (quar.)__
Elastic Stop
Associated Telephone Co.,
4AA
Corporation
Nut, 6lo
8-22
6-25
6-18
.1.
7-16
7-2
7-14
C. Transportation (irreg.)—
T. & W. N.
Life
$1.12y2
25c
preferred (quar.)—
Manufacturing Co
iV2%
6-22
8- 1
9- 1
7- 2
7- 2
7-2
7-2
7-12
;
Dun
6
6-18
2
75C
5c
preferred
Link-Belt
6-28
f$3
2
"(quar.)
B
$3.50
6-25
8-13
5y2% pfd. (quar.) t$1.37V2
•& Bradstreet common (quar.) i-__—
37J/2c
6-20
7-
5c
Class
6-28
(s-a)
Insurance
Fire
2
30c
6-21
9-21
7-11
8-13
Dominion Tar & Chemical,
7-
12»/2c
7- 2
10- 1
8- 1
7-16
15c
$1.50
$20c
t75c
i37y2c
—„
—
(quar.)—
(quar.)_
preferred
Dominion
6-26
Ltd.—
(initial)—.—_—.
22 Ac
& Sante Fe Ry._—$1.50
Atlantic Realty Co. $6 preferred (s-a)
$3
Atlas Acceptance Corp. 8A pfd. (accum.) __
$1.25
Attleboro Gas Light Corp. (quar.)
$2
Augusta & Savannah RR.
———_____
$2.50
Austin, Nichols & Co. $5 class A (accum.)
$2
Arlington
2nd
6-30
Armstrong Cork, common (interim)
____—
4A
convertible preferred (quar.)—
Co.—
Mills (quar.)„
(quar.)_
Shepard Co
Fabrics, Ltd., common
1st preferred (quar.)_
6-20
$1.75
7%
6-15
7-10.
6-29
2VZ%
&
6%
7-12
7-
Stores
Home
7- 2
Lane
^
/Dominion
8-31
$1
;
—
Steel
Dixie
Dolese
5-23
6-15
$1.50
Lane Bryant,
6-21
7-10
6-30
6-30
■:
6-30
6-30
Works, 6%
Semi-annual
7- 6
7- 6
6-30
6-27
7-25
——
7-16
$2
preferred
6-30
25c
25c
43%c
—
6-25
50o
(quar.)_—L-X—
preferred (quar.)
Koppitz-Melchers (s-a)
Krueger (G.) Brewing Co.—
Lafayette Fire Insurance Co. (New Orleans)
6-26
6-30
11'A %
'Telephone—
^
Ltd.—
registered
Extra
5-10
25c
$1
25c
$1
Appolo
(quar.)—
■Ordinai-y
6-20
—.
Inc.
Anheuser-Busch,
.
pfd.
Distillers Co.,
6-20
8- 1
9-7
7- 2
7-15
9- 1
9-15
5V2A
Tel.
Anglo-Canadian
State
8-15
7- 5
6-30
7- 2
6-30
7-14
9-15
7-14
7-12
6-30
8-31
7-31
6-30
2
Co., common™
Creamery
Kokomo Water
'
10c
—
Ale (quar.)
6-15
7-
2V2c
Knudsen
8- 4
7-16
7-10
7-10
7- 2
6-30
7-20
7- 2
6-15
6-30
20c
Kendall Refining Co
6-29
7
7-16
6-30
6-21
6-30
Co
Stove
Products.——
Steel
Diamond
7-26*
v
$1.50
30c
/ 25c
(quar.)
Detroit Gasket & Mfg. Co. (quar.)
6-28
$3.50
25c
Co.
Edison
Detroit
6-30
75c
County—50c
American .Dairies, Inc. 7r/o. pfd. (quar.)____
$1.75
American Discount Corp. of Georgia (quar.)
10c
American European Securities Co. $6 pfd.__
$1.50
American Fidelity Co. (quar;)___.
50c
American Fork & Hoe Co
——
25c
American Furniture, 7A" preferred (quar.)__
$1.75
American
Phenolic Corp.__
15c
37V2C
37y2c
$1.25
(s-a)_
Co.
RR.
Delaware
6-22
6-30
of Allegany
$1.50
25c
$3
(quar.)—
7-20
6-30
Can Co.
Coal Co.
$3.75
common
preferred
7%
.
7-10
•
Co.
15c
25c
_________
(s-a) —.
(quar.)________
American
American
,
,
—
17y2c
Dean
(W. E.)
Co. (quar.)_
10c
Delaware & Hudson Co.
(quar.)
$1
Delaware Power & Light Co._—25c
6-29
3
Loom Works
40c
50c
" :
(quar,).__
Stores, commonclass A prior preference (s-a)
Vilbiss
De
7-10
6-30
6-30
6-26
6-23
8- 8
6-27
7-20
7-20
6-30
40 %C
preferred „(quar.)—
Inc., 1% preferred (quar.)—
Company (quar.)
Lazarus
(F. & R.) & Co. (quar.)
Lebanon Valley Gas Co., 6%
pfd. (quar.)—
Leland Electric Co. (quar.)
:—
Liberty Loan Corp., class A (quar.)— _____
$1.75
Drug
25c
pref.
____
preferred
-
6-20
,
Bemberg Corp.
B
7- 1
2 Ac
(quar.)
pfd.
6-29
$1.25
—
„—™_
Car—:
convertible
Class
Co
Gas
&
(accum.)_——
Aggregates Corp. 5 A
American
6%
pfd.
Paper Mfg.
7-16
$1.75
(quar.)_.
Inc.
Co.,
Extra
8- 1
7-20
7-16
6-22
7- 2
7-16
7-16
7-25
7-13
43 %C
-
7- 7
7- 7
(quar.)—
common
pfd. (quar.)—,—
6%
preferred (quar.)____
—
Davenport Water 5% preferred (quar,)
7-16
27 Ac
3c
25c
(quar.)__
Alloys preferred
Inc. (quar.)
Power Co.—<•
preferred A (accum.)____
—
:6%% preferred B
(accum.)————
Johnson Stepens & Shinkle Shoe Co.__——
Kansas City Southern Ry., 4% preferred—_
Kansas City Title Insurance Co.
(s-a)
Kansas Power Co., $6 preferred (quar.)
$7 preferred (quar.)
Kearney (James R.) C013)., common—
-6% preferred, (s-a)
7%
6-27
8-20
7-19
t$1.50
$$1.50
7- 7
80c
20c
65c
Darling Stores Corp., 6%
of Rec.
Payable
Share
Name of Company
Aluminum
Acme
(quar.)__—
(quar.)-..—__
Iowa Electric Light &
6-15
7-14
7-10
7-2
7-2
8-28
;7- 2
8- 1
8- 1
preference
A
convertivle
•6% 'convertible preferred
6-22
8-22
,
7-31
7-16
$1.75
Crowley Milner & Co. 6% pfd. (accum.)____
Telephone 6% preferred (quar.)____
6%
7-20
8-20
6-20
/
Cuban
Holder*
When
8- 1
9-1
7- 2
6-20
6-30
6-30
International Metal Industries, Ltd.—
6-22
2
9-10
$1.50
(quar.)_
Internat'l Business Machines Corp.
7- 2
7-
7-31
25c
25c
preferred
■Cunningham
Per
Refining
(quar.)
Package Manufacturing
Industrial and Miscellaneous Companies
7-
10c
—
Crompton
;
this week are:
7- 2
30c
Lake of the Woods Milling, common
i
Creamery
-
30c
common
(irregular)—
preferred
6-30
:
Products
7%
6-18
(irreg.)_
6%
5c
prior preferred (quar.)
Insurance Co. (s-a)—
Extra
Corn
7-10
8-10
7-16
\
-
America
8-11
6i25
8-15
6-30
(quar.)
Co
of
1
25c
Inter-Mountain Telephone,
& Electric Corp.—
Gas
9-
7-20
9- 1
7-16
Continental
dividend payments in many cases are given
under the company name in our "General Corporation
and Investment News Department" in the week when
The dividends announced
Coal
Corp.
Continental
Inc.
'7-12
9-10
$1.50
$1
Inc
L
:
Consolidation
ord of past
declared.
Lobster,
Extra
tables. In the
first we bring together all the dividends announced the
current week.
Then we follow with a second table in
which we show the dividends previously announced, but
which have not yet been paid.
Further details and rec¬
1
$1.25
6-27
6-25
Extra
Dividends are grouped in two separate
8-
_______
7- 2
6-30
1.
Co.,
7-16
25c
B____
class
6-15
6-15
6-15
Co.—«
Heating
1
40c
40c
15c
(quar.)
Car
1
8-
Hudson
Co.
Inc.__
Power
9-
25C
$2
Fund,
Bond
Composite
Consolidated
;
______
t50c
Hershey
7- 2
60c
(quar.)
Y.)
6%
—i
(quar.)_.
Natl.
Commercial
2491
/•
Volume 161.
(quar.)
Wire Co._
Iron Corp. (quar.)—_____
preferred
$1.75
July 1
..July 18
—
stock
Y.)____
Columbia Mills, Inc._—_.
Columbus Foods Corp. common
Waltham Watch Co.—
7%
(N.
Go.
Insulated
Colorado Fuel
Wabash-Monroe
Brooklyn (N. Y.)
Bottling
(Dan.)
Collyer
2269
& ref. mtge.
Cola
Coca
3
9-27
Bay Mining & Smelting (quar.) —
Inter-Island Steam Navigation Co., Ltd—,—
Houdaille
6c/o
50c
25c
$1.12y2
$2.75
$1
12V2c
50c
50c
25c
30c
25c
50c
37VaC
433Ac '
(s-a)
Cleveland Union Stock Yards Co. (quar.)___
Coca-Cola Bottling (Los Angeles)
—
7
$4.75 preferred stock—"—
3AA
2153
8-
$1.06 A
(N. Y.), com. (quar.)__
(quar.)__
—___
preferred
of Rec,
8-29
—________
7-16
6-30
6-30
6-30
7-14
8- 1
70c
—
Chillicothe Paper, 4V2% preferred (quar.)__
Cincinnati Tobacco Warehouse (irreg.)_—_
1
collateral trust bonds, series A, due 1960—
—July
5AA collateral trust bonds, series B, due I960——July
6%
(s-a);_.
Chicago Yellow Cab (quar.)
■■■;■'.• /",/./y:-
/y.
National Bank
(quar.)— _—
(quar.)
Inc.
Holderi
Payable
40c
—
Hardart Co.
Horn &
5%
(quar.)
common
,
—
—Sep 15
Corp.—
share for each
—10%
Central States Elec. Co., 1% pfd. A (accum.)
433Ac
0% preferred B (accum.)_____!
37V2C
6% preferred C (accum.)
37140
Central Violette Sugar (s-a) (reduced)
$1
807
Light Co.—1st & ref. mtge, bonds, 5A series due 1956
.——Aug 1
6% gold debenture bonds, series A, due 2022—July 1,'47
Tide Water Associated Oil Co., $4.50 preferred stock—July
1
Roofing Co., Inc. $1.40 preferred stock
8-1
7- 2
7-16
share held)
2666
6-^0
6-22
7- 2
Horder's,
$4.25 preferred
$1.12V2
——15o
(quar,)
preferred
6-21
Hooker Electrochemical,
When
Share
Name of Company
of Rec.
6-30
—12c
________—
Central Republics Co.____—
Stock dividend (one-4enth
2339
Texas Power &
Tilo
(quar.)
Common
2489
1
1
bonds, due 1957—..——
Temple University, 1st & ref. mtge. 4 As, due
$2
Process
Per
Holder*
Payable
Co
—_—_
Central Hudson Gas & Electric Corp.—
1887
'
When
Share
Pag*
Data
1
and Issue—
Company
Eheem
47)
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4399
162
Volume
2
7_i4
6-19
50c
Bottling—
Parke/Davis & Co._
——Parker Appliance (quar.)——
Peaslee-Gaulbert Corp., 5% pfd. (quar.)
Penman's, Ltd., common
(quar.).—:
6A
preferred (quar.)_.
Perry-Fay Company
Pfeiffer Brewing Co——
7-
4.".
7-15
6-30
30c
7-31
7-14
6-30
6-20
$1.25
6-30
6-25
$75c
8-16
15C
$$1.50
8-
1
7-16
7-
3
35c
6-30
6-18
25c
8-14
7-24
9-10
8-17
—
-
40c
Phelps-Dodge
Corp.____
:—:——
Philadelphia Electric Co., 4.4A pfd. (quar.)
$1.10
8-
i
7-10
Philadelphia Electric Power, 8% pfd, (quar.)
Philadelphia & Trenton RR. (auar.)_,
50c
10-
1
9-10
$2.50
7-10
6-30
Phillips-Jones, 7A preferred (accum.)
Pillsbury Mills, Inc.
(quar,) ——
$4 preferred (quar.).
_____
—
Plomb
Tool
Co.
$1.75
30c
8-
1
9-
1
10-15
25c
—
$1.00
7-16
7-20
8-13
10-
1
6-30
r^'wrv^ir iw ,«v, ->®*n«r rvw^vvypifpi
THE COMMERCIAL & FINANCIAL CHRONICLE
48
Portland Gas,
Light Co.,- common (irreg.).
preferred
$5
7-15
7-
I20c
7-31
.'/• ■'.,,7- 2
15c
8-15
8-
$1.25
7-16
7-
8-15
Products, Ltd.
Quinte Millc
$2
Reecl
Oil
Co..
A..__
RSmde
Rhode
Island
1
7-20
Abbott
8-
1
7-20
Abercrombie
Service
Public
preferred
class A
Non-voting
8-
6-30
7-10
4c
8-
1
6-25
8-
1
7-10
$1
7-
2
6-22
$1
(quar.)
8-
1
7-16
8-
50c
(quar.)
6-30
6-25
$3
6-30
Stores
5-10-25C
Royal Typewriter Co.,
7%
preferred
5'/a%
Paul
Stock
Union
Yards
15c
7-16
7-
7-16
7-6
$1.37
7-2
7-31
7-16
G-30
25C
7-16
6-30
Co.
\
investment
Securities
Common
of St.
Co.
5%
preferred (quar.)
Security Storage Co. (quar.)—.
Selby
Shoe
Seton
(N.)
Smith
(J.
2
(initial)
Southern Acid & Sulphur Co.,
Berkshire
California
6%
Power
Gas
Inc.,
7-
7-
2
6-25
7-
2
Electric
&
Franklin
Southern
7-14
6-30
6-21
6-21
$1
6-30
6-22
75c
7-16
7-
6
American
7-
2
7-
2
7-
2
7-
6-19
30c
preferred
$3
Brook
Suburban
RR.
Oil
class
Super Mold
Corporation
Co.
pfd.
(Cal.)
(quar.)_
(quar.)
8-15
7-
5
6-30
8-
1
7-16
8-
1
7-10
50c
Haute
Thatcher
Mfg. Co.
$3.60
Co.
Packing,
Co.
Mfg.
of
of
6-30
8%. preferred
Artists
Bond
90 c
8-15
$4
6-29
35C
9-15
United Drill
U.
S.
&
Share
Gas
Tool,
1
Cold
6-23
7-
2
6-23
7-21
6-30
$1.75
2c
$1.50
7-16
7-
$1.50
(accum.)__
7-10
6-28
50c
Storage
2
;, 6-20
6-30
6-27
25c
8-10
7-10
75c
6-30
6-20
S.
$4
Extra
(quar.)
Vanadium
&
Iron
(quar.)I_I~—
6-21
T-Ifi*
25c
8-
1
7-16*
$1.75
10-
1
9-10
7-16
new
2nd
Products
conv.
7%
-
Class
—
6%
;
Class
A
Optical Co,
(quar.)
——i——
Paper Goods—
preferred (quar.)——-—:———
Rolling Mill Co., 4Vsfo pfd, (quar.)
Screw Company (irreg.)-,./——
Service, $3 pfd, (participating) —
Snuff
Co,.
preferred
common
(quar.)
(quar.)__——
Insur.
——-——
(Indianap.) (quar.)_
——
9-
8-15
2
9-15
10-
40C
1
9-10
$1.12 '/a
(irregular).:
(initial)
(Abilene, Kansas)—
5% preferred (quarj—
————
American Telephone & Telegraph (quar.)
American Thermometer, preferred (quar.)_„
—
American Thread Co
Inc., 5% pfd. (s-a)
American Tobacco Co., 6% pfd. (quar.)
$1
8-
1
6-30
9-
$6
American
,
Water Works
preferred
1
9-15
7-10
50c
6-26
5c
7-15
7-
7-15
7-5
6-21
5
—
(quar.)
Wringer
——
Co.;
Inc.
Amoskeag Co.,
common
$4.50 preferred
Anchor
(s-a)
——
6-19
Apex Electrical
$1.25
8-
1
7-20
Manufacturing Co., com._
prior preferred (quar.)—
Arizona Edisbn Co., Inc., $5 pfd. (auar.)
Spwing Machine Co. (irreg )
& Elec., 4'A%
pfd. (quar.)__
$1
6-30
6-22
Arkansas-Missouri
$1.12'/a
7-15
6-30
85c
6-27
6-20
Electric
—
Wyandotte
Worsted (quar.)
Z-ZSL~1~ZZZZZ
Yale & Towel©
Manufacturing Co.
(quar.)I*
••
6-29
20c
7-31
7-16
15c
10- 1
9-10
Glass,
Ltd.
common
(s-a)
—
—
—_____
7%
—
Power, 6% preferredArkansas Power & Light Co., $6 pfd. (quar.)
$7
preferred
Armour &
7-
2
6-
7-
3
5-31
$$1.75
(quar.)
7-
3
5-31
t$2
7-16
6-23
7-
—
5
Co.
1
6-20
2
$1,75
pfd. (quar.).
Inc.-:
7-
2
6-
7-
2
6-21
7-14
7-12
6-30
$1.50
7-
2
6-12
$1.75
25C
7-
2
6-12
22'/2C
;
7-25
.
;
1
7-
2
6-18
75c
7-
2
6-15
Corp
A$1
7-31
62 VaC
7-31
:___
7-
$1.12'/a
7-
7-16
40c A.
>.
6-15
2
6-15
Vi
6-19
6-9,
6-19
7-
2
$4
7-
2
3i'Ac
7-
2
6-20
37Va«
7- 2
6-9
r'
(quar.)
(quar.)
-A
7-19
A
2
$1.25
(quar.)
V
7-14 A//
A":1-
(quar.)
;
6-30
$1.75
Brass
Co.
1
"
$15c
& Co.—
Ry.
Sons
$1.25
7-
6-20
AA
pfd.
(quar.).
Mines,
■
(quar.)
Corp. (quar.)
Ltd.
;
(quar.)_____
preferred
15C
A;
6-20
>
2
7-14 'y
$20c
_____
9-30
7-
2
25c
7-
2
6-23
$12'Ac
7-15
6-20
$32 VaC
7-15
6-20
$$1.50
7- 3
6-15
25C
7- 2
6-15
50c
7-
2
6-15
35c
7-16
6-30
$25c
7-
3
6-
$$1.50
7-
3
6-20
$40c
7-14
6-30
$$1.50
'.'.'V,:,;
(quar.)_
f
.
6-20
$1.50
$3.50
;
Cordage, Ltd. (interim)
(quar.)
,9-20
■
■
A
Light & Power Co.—
(quar.)
Manufacturing' Co., Inc., common
preferred class A (quar.)__.
Hydraulic; (quar.)___„__
6-15
British-American
British
Oil
Co.,
Columbia Elec.
preferred
Ltd.
Pwr.
(quar.)
& Gas
4
Co., Ltd.
(quar.)„______
Columbia Power Corp.,
A (quar.)
British
7-10
6-30
$1.12'/a
7-14
6-30 '
Class
-
6-26
6-
7-
2
6-14
7-
2
6-20
7-
2
6-20
7-
2
6-20
7-
2
6-14*
7-
4:
2
Ltd.—
British Columbia Telephone Co.,
6%
preferred (quar.)
7-10
7-2
6%
•
2nd
Broad
Ltd.—
Street
Brown Durrell Co.,
.
5%
preferred
2
6-16
7-
1
6-22
$25c
6-15
6-15
15C
7-
2
7-
2
6-15
20C
7-
1
6-13 '; A
A 7-
1
6-19
Corp.—
(initial)
preferred
2
,
6-23
7-
$1.25
common
$5
7-16
75c
(quar.)
(quar.)
Distillers
Common
6-20
6-16
7-
25c
(quar.)
Investing Corp
'A/7- 2
$$1.50
;
preferred
Brompton Pulp A Paper (quar.
Brooklyn Borough Gas Co., 6% pfd.
r
7-
2
6-20
35c
7-
2
6-
6*
7-
2
6-
6*
;
„
7-
$5 preferred
.
$1.25
.
.
(quar.)
$1.25
'■7- 2
,
2
6-30
7%
preferred
7-
•A: $1.50
15c
/
•
7-2
6-15
7-
$1.75
7-
2
6-15
7-10
6-30
Building Products.
(quar.)
$15c
7-
3
6-
7-10
6-30
Burdine's, Inc., $2.80 preferred
70C
3
2
Burkhart
6-15
12-15
12-15
7-
40c
$1.12 Va
7-14
1
7-
50c
7-
$0,843
;•
1
,
Bush
6-15
6-
(accum.)—.
Ltd.
50c
Manufacturing-
Bush
<
7- 2
Terminal
Butler
(P.
H.)
6%
Co.,
Co.,
7- 2 'v/
6-15 :.>'»■ /•.. 'i
7-
2
6-11
19c
7-
2
7-
2
..
6-15
7-
2
6-14
7-
2
6-14
30c
7-
2
6-15
Caldwell
25c
7-
2
6-
6-15
__
$1.50
7-
2
(quar.)__
preferred
5%
50c
31'Ac
7-
2
$1.75
7-
2
6- 5*
$1.25
7-
2
6-
7-15
6-30
$2.25
7-16
6-15
$1.37'/a
7-
2
6-15
12 %c
7-
2
6-31*
$1.50
7-
2
6-
9
$1.50
7-
2
2
6-15
5%
series B
31'Ac
7-
2
Inc.
6-19*
(s-a)
5c
$1.31
prior preferred (quar.)
Packing Corp., common (quar.)__
conv.
preferred
California
Water
Service
9-
1
7-27
8-
1
7-13
7%
$1.25
8-
1
7-13.
Canada
Permanent
7-6
6-23
Canada
7-
6-23
Canada
5
Canadian
6-23
Canadian
6
7-14
HOC
7-24
25c
7-
2
7-
2
6-20
7-
2
6-15
5%
6-20
$1.75
1
$1.25
12'Ac
1
7-
3
7-
3
6-
9
$$1.50
7-
3
6-
fl
25c
Steamship Lines, 5% preference (s-a)
Southern Ry. Co.
(s-a)
7-
.
2
7-
7-
1
6-15*
7- 1
6-15*
t$5
10c
15c
6-11
$1.06V4
$139.50
75C
7-31
7-
HOC
—
Power,
7-31
8-15
6-9
(Toronto, Ont.)—
Quarterly
preferred
6-15*
2
8-15
$62 VaC
(quar.):
Canada Life Assurance Co.
Canada Northern
7-
37 V2C
(auar.)
Co., Ltd., common (interim)(quar.)
6%
1st preferred
(quarA———____
Canada Dry Ginger Ale, common
'_
preferred
6-21
50c
Co.—
preferred
$4.25
7-2
62VaC
California Water & Telephone. 6% pfd.
5%
3
6-20
$15c
7-25
6-20
$$1.75
common
7-16
6-20
7-
6-15
(quar.)
(quar.)_
Mortgage
7-
(quar.)—
$$2
$$1.25
3
7- 2
6-
0
$$1.50
8-
1
6-23
$85c
7-
2
5-13
$20c
7-
$25c
Breweries, $3.40 conv. pref. (quar.)
Canners, Ltd., common (quar.)
3
6-
9
6-
9
3
6-
9
7-
3
6-
9
$8c
!___
7-
$15c
(quar.)__
7- 3
$5c
__
1st preference
Participating
7-
3
6-
9
'
60c
non-cum.
conv.
preferred (quar.).
Participating
7-15
$1.50
7-
2
6-15
7-
2
6-15
$1.50
7- 2
6-12
Canadian Car & Foundry Co.,
Ltd. (interim)
participating preference (quar.)
Canadian Cottons. Ltd., common (quar.)___
$25c
preferred
(quar.)
6-21
7-10
6-21
$30c,
"
7-17
$53c
79a
6%
...
V
6-15
37»/2C
(auar.)_
Canada Bread
6-18
7-
...
i
conv.
preferred
(A. & G. J.).
California
;
$1.25
non-cum.
5 V4 %
8
,
A,6-19*
(quar.)_
(quar.)
pfd.
California Electric Power—
9
V
75c
/'i'A
___________
$1.50
5%
v
5
6-30
..
Terminal Buildings Co.—
\7%-fpreferred (accum.
1
;
$15C
Burry
6-16
2
(F.)
(quar.)__•_____
Burlington Steel Co., Ltd. (quar.)__________
Biscuit Corp.. 75c prior pfd, (quar.)
'
$1.75
(111.)—
$6 convertible prior preferred
A
6-20
7-14
$1.75
(quar.)
A
Co.—
Inc.—
6% preferred (quar.
Bucyrus-Erie
Co., common______
1
7-
(quar.)
Brush-Moore Newspapers,
2
6-19
2
prior
Brunswick-Balke-Collender
'
$2.25
(s-a)
6-18
/
6-11
$1
m
2
6-15
25c
(irreg.)-—
Zinc, Lead & Smelting Co.—
Common (first payment since 1917)
$6 pfd. (this payment clears all arrears)
$5 convertible prior preferred (quar.)
6-*>5
15c
30c
6-15
2
2
2
& Electric—
2
_2__
(quar.)—II
6-15
3
7-
2
American
8-27
3
7-
7-
25c
7-2
Suburban
$2
Telephone Co.
25c
7-
50c
25c
Piano,
American
1
35c
Sugar Refining, 7% pfd. (quar.) —
Surety Co. of New York (s-a) ——
6-30
$50c
7-
7-
$1.25
—
(bi-monthly)——
American
7-
6-12
75c
7-
7-
common
American
7-2
6-12
2
40c
(E. J.)
Bridgeport
8
$1.75
——
American
$1.50
6-
2
7-
& Co., $3 pfd. (accum.)
$1.50
7-16
Co.
'
'
—
6-12
6-15
2
7-
Corp.
E.)
$1.50
8-
50c
—
7-14
7-15
&
Elevated
6%
6-26
2
50c
6-25
7-15
7-
35c
(quar.)
8-15
62'/a c
7-
Chocolate
7-
25c
American States
8-1
Bros.,
Brown-Forman
American Stores Co
17VaC
7-16
m
—
Herald-Traveler
6-15
20C
6-15
I__—
(quar,)
7-16
$1.50
(monthly)
6-26
1
7-30
$1.06'A
$1.30 preferred
of Illinois^-.
10c
433Ac
6-15
—
$6 preferred (quar.)__
Insurance
4
$1.50
B
American
6-20
6-15
2
30c
Brantford
6-
American
7%
2
2
7-
75c
6- 4
2
7- 2
12 VaC
1
——
pfd.
7y
25c
(quar.)—
2
______
(s-a).
Inc.. 5%
25c
(quar.)_
News
American
77-
(quar.)
1%
6-16
7- 2
25c
7-
common
Class A
A
15c
(quar.)
common—
preferred
American
f
30c
Corp., class A
preferred
Brandtjen & Kluge, Inc.
$1.183A
Products,
6-15
25c
—
;;
Brandon
6-11
2
Manufacturing Co., common—_—
American Maize
5%-
—
—
preferred (quar.)
American
6-15
2
7-
$1.25
(quar.)
common
Co.,
(F.
6%
(quar.)
Locomotive,
6-22
7- 2
.
(quar.)
preferred
$2 preference
American
—
(quar.)
(quar.)
(quar.)
preferred
American Home
6-22
1
7-
"
Felt, common——
American Investment Co.
6-~30
6-30
1
Cement Co.—
&
(Sidney)
$1.25
$1.25
Co.
6%
WPbur-Suchard
Wisconsin Gas
&
7-15
40c
B
Bralorne
7-
10c
(quar.)
preferred
6-15
A
(quar»)
(quar.)
Brainard Steel
$1.25
pfd. (auar.)
pfd. (quar.)_I_I
Blake
Worcester
1st
2
25c
class A (quar.)
(quar.)
Stores, Inc., 4Vi% preferred
Brach
6-11
2
Co.—
Corp.
6-
7-
$1
Boston
7-10
Brillo
•
(quar.)_!
4l/2% pref.
Electric
preferred
American Hair
6%
preferred
Casualty
6-21
2
$1.37 Va
class A
Brazilian Traction
Hocking
Angla-Huronian,
Wiegin Terminals.
Wilcox <fe Oibbs
—
8-
Extra
"Wioo Electric.
7-
683/4C
12'/a c
Growers
&
6-20
■
5c
Corp.
(quar.)
7-18
2
7-
•
'
$1.50
common
1
7-
75c
35c
7%
—
8-
$25c
'
683Ac
common
Botany Worsted Mills,
75c
Westvaco Chlorine products—
Whitnev
6-30
&
American Hardware
American
6-30
.
Whiting
Gas
American
$1.25
(quar.)
(quar.)_
4%%
5
Ry'.—
Inc.
Light & Power
Co..
Ami
Booth
(accum.)
—
6-21*
6-15
(quar.)
Bohn Aluminum
6-11
1
2
2
$$1.75
Boston
8-
77-
25c
Optical,
preferred
Boston
series of 1936 (accum.)
y«th of share of
$1.37'/a
& Hoe,
Fruit
American
7-
7-15
.
Weymouth
7 %
Class
75c
2 v
7-
7-20
15C
25C
(quar.)
Inc.
Blumenthal
l\ 6-23 :
2
2
$3.50
(quar.)
Limestone
Bloomingdale
7-
6-11
6-11
RR.
Borg-Warner
;—
(quar.)
Va.)
Fork
American
8-21
$75c
(s-a
preferred
6-20
l/32nd
or
Creek
preferred
Bond
$1.50
(s-a)
___
$4.50
6-25
1
50c
(quar.)——.
(quar.)
Instrument
2
—
6%
Co.,
(Richmond,
American
7-12
$1.25
—
Manufacturing Coa (quar,)_____
Steel Foundry, common
$1.75 preferred (auar.)
1%
preferred (quar.)—
Coal
6-21*
7-
1928
(quar.i
Fidelity
9-
$1
Michigan
Grocers, Ltd.
.7-14
$1
Western N. Y. & Pennsylvania
Common (s-a)
2
(accum.)
(quar.)_
Felt
American
17 VaC
Point
Electric
6-30
25c
Jersey & Seashore RR.
Westmoreland,
6-21
1
(quar.)—
West
Westmoreland
7? 10
6-30
8-
Corp.
West
Weston
7-31
25c
(quar.)——
West
2
$1.50
6
7-2
7-
common
Co.,.
preferred
$7
6-14*
7-
7-
2
6-
$1.75
(quar.)
Birmingham Electric,
District Telegraph (N. J.)—
American
Corp. of America
preferred
7-17
50c
(quar.)_».____
Waterbury Farrell Fdry. & Mach. (quar.)
Weatherhead Co., $5 preferred
(quar.)_
5%
7-17
1
15c
preferred
Wabash-Harrison
Western
1
8-
Corp.—
_________
Coal
8-
12'Ac
convertible
Virginia
7-16
6-30
10c
U. S. Leather Co.. 7%
prior preference (quar.)
United Stockvards Corp.—
70c
6-22
8-1
7-16
15c
—
cash
in
of
series
stock
B
stock
preferred
5%
6-28
30c
—
■
Industrial Chemical
B
American
$6
$25c
(irregular)
Participating
U.
7-
7
12'/ac
____
participating preferred
1928
stock————
B
American
7-10
2
_____
class B
(quar.)_
Corp.
6-18
Bon
—:
participating preferred (accum.)
American Export Lines, 5%
pfd. (quar.)
American Express Co.
(quar.)—
■
7-
(quar.)
Circuit
7-25
7-
$3
30c
6-26
8-
(reduced)
Ltd
payable
class
preferred
5%
7-30
25c
class A
4%
5%
American
■
$1.50
(s-a)
(accum.)
Theatre
&
8-15
7-
1
Blltmore Hats, Ltd. (quar.)___
Blrdsboro Steel Foundry & Machlne__
7-25
15C
6-22
7-
(W. D.)
6%
7
8-15
2
2
Works Corp
Bickford's
$1.75
—
(s-a)
series of
div.
out.
American Cyanamid
6-23
Stock Yards Co. of.Omaha, Ltd.
Union Terminal Cold
Storage—
United
A
1st preferred
6%
3
10c
Union
United
6-
2
7-14,
7-
Canada, Ltd.—
Bethlehem Steel Corp.,
7*
American Crystal Sugar Co.—
6-22
(quar.)
California
7-
6-
American Electric Securities Corp.—
(quar.)—______
Bearing Corp. (quar.)
Co.
pfd.
:
class A opt. div,
Payable in cash or
6-22
Troy Sunshade Co.
Union Oil
Pipe Co., 6%
$2.75
5
6-30
,
Minnesota
common
:
2
6-20
2
7-31
6-2'0
$2.50
(s-a)
Lomb
&
Bessemer
$1.75
(quar.)
(quar.)_„
stock
class
of
6-15
6-30
(quar.)
Towle- Manufacturing Co. (quar.)
Towne Securities Corp., 7% pfd.
60c
7-
7-;
40c
_
pfd. (quar.))
(quar.)
conv. preferred
7% preferred (quar.)
Tonopah Mining Co. (Nevada)
United
2
$1.50
Carbon
Insurance
Tyson
7-
7-
5-26
12 Vic
•
Bell Telephone Co. of Canada. Ltd.
2
'
Roofing Co., Inc., $1,40
Tobin
7-16
$1
•
_
Malleable "&
Thermatomic
Title
7-30::
25c
—
;
7-
5
7-
7-14
,
6-20
7-2
$25c
Payable in cash or l/16th of a share
7
Refrigerating & Warehousing Corp.
Semi-annual
Tilo
1
$1.12'/a
(quar.
preferred
$2.75 class A opt. div. series of 1936
class
Light (quar.)——a
Taylor-Colquitt
(quar.)
Terre
9-
$1
Gas
Terminal
7-
—
A
Superheater
Taunton
7-24
(accum.)
4'A%
Co.
25c
of
share
1
Securities—
$4 2nd preferred
Sun
6-30
(quar.)__
(irreg.)
Electric
7-16
y
7-
5
2
7c
(quar.)
Beech-Nut Packing Co. (quar.)_
Belding Corticelll, Ltd., common (quar.)
7%
preferred (quar.).
7-15*
7-31
7-
7-
25c
(quar.)
Y.) (quar.)
(N.
Beatty Bros., Ltd.,
6-16
50c
——
25c
:
& Sons, Ltd.—
participating A (accum.)—
Creamery Co., common (quar.)
4J/4% prefered (quar.)
6-15
A
6-20
2
1
15c
(quar.)
preferred
class
conv.
6-19
8-
25c
—
B
(accum.),
6-30
$1
__
6-
75c
■
class A opt. div,
conv.
$3
$2.50
Inc.—
9-14*
3
25C
(quar.)
Casualty Co. (Reading, Pa.) (quar.)
Cities Power & Light Corp.—
class
8-15
(Boston, Mass.)
1
7-
2
6-25
2
7-
$1.60
Payable in cash or 1/16 of a share
31'Ac
___
Stonega Coal & Coke Co.
Stony
$3
50c
(quar.)—.
Investm't Corp.
Sterling Brewers,
2
10-
20c
Co,
Cast Iron
American
6-19
(quar.)_
6-15*
$1.75
(N. Y.)
common
Co., 1%
non-cura.
6-20
6-30
7%
Iron
Beath
American Car & Foundry—
6-20
$1.75
2
■
6-20
$1.73
u
Can
American
6
7-16
7-
50c
7-
2
2
7-
—
Beatrice
5
IOC
7-10
preferred A (s-a)
Stanley Works, common
Street
Note,
Bakeries
American
15c
$1.50
7-
75c
common
(quar.)..—
Bank
preferred (quar.)
Barge Line Co.
$1.75
-
8-15
6-11
1
25c
(quar.)—
Inc.,
6-30
6%
5%
preferred
6%
Corp.
Air Filter Co.,
American
(quar.)—
common
Petroleum
American
7-13
__________
State
7%
Co.—
Process
Co.,
American
8-15
_____________
Screw
American Alliance Insurance
6-23
19c
_______
Standard
6-23
37 Vac
_____
(quar.
Southern Weaving Co.—
Spicer Manufacturing Corp., common..,
$2 preferred A (irregular)—
Springfield City Water, 6% pfd. C (quar.)_
7 %
preferred A (quar.)
;
preferred B
: 7- 2
6-30
preferred
7%
American
6-15
6-21
•
Common
7%
Amerada
6-15
7-14
6-15
2
7-
7-
20c
(quar,)__.
preferred, (quar.)
Baystate Corp. (quar.)
9-10
7-
'-.t
5
68 %c
(quar.)
5%
8-
75c
(accum.)
8-15
6-25
Bath
$30c
—
7-
(quar.)_—.
(quar.).
,
Corp.,
preferred
Bausch
6-29
7-
25c
(quar.)
Sugar
6-25
45c
■
2
7-
5c
convertible preferred
6%
Amalgamated
2
37 Vac
2
Beech
25c
.
6-11
6-11
2
7-
1
f 17 Vic
(NY)
preferred-
$5.50
-Amalgamated Leather—-
6-25
2
7-
Bros.
.
Bastian-Blessing
$1.50
_
Co., common—
8-31
7-
6-15
7-20
8-
Corp.—
preferred
5V2%
20C
Corp., Ltd
75c
$1,75
2
7%
$$1.25
(quar.)
pfd. (quar.)
Common
Amalgamated Electric
6-19
7-
6-18
7-
Asphalt
Barker
20c
5%
50c
,
Co., pfd. A (quar.)
(quar.)
Ltd——
Co.,
A
7-25
6
pfd.
6%
America,
Goods Mfg.
Aluminum
7-10
2
$1.25
—
of Canada,
6-30
7-
40c
—
—;
of
1
,
preferred
Southern
preferred (quar.)
Alpha Portland Cement
Co.
7-16
common
A
(quar.)__
Southern
5%
Co.
8-
6-20
433Ac
(increased quar.)
Aluminum
7-15
6-20
2
50c
(quar.)——
common
com.
Aluminum
37VaC
___
Southern
Corp.,
(quar.)
6-25
$1
_
preferred
A
7-19
50%
1—,.
Telephone, common (s-a)
preferred ' (s-a) —*'
7%
Products
1
$2
Southeastern
.
Allied
(irreg.)
Inc.
5
50c
Smyth Manufacturing Co. (quar.)
Lathe Works (stock dividend)—
6 %
Laboratories,
Class
—
6-
2
7-
15c
(quar.)
2
7-
Scotia
Co.
Barber-Ellis Co. of
1
7-
$3
2 VaC
Nova
Bankers Trust
6-20
2
$$2.50
;—
Inc.—
Fisher,
8
25C
Electric & Equipment
&
7-
$1.75
(s-a)
$1
———i—
the Manhattan Co.
of New York (N. Y.)
Barber
(accum.)—
7-
$30c
South Bend
'
preferred
8-
13 %c
__
of Yorktown
6-15
50c
(quar.)-—
of
Bank
Common .(quar.)
6- 8
6-
1
50c
(irreg.)
Bank
2
2
Allied Stores Corp.,
5
7-
7-10
Bank
7-
6-12
$1.50
preferred
Bank of
7-13
7-
Allied
6-25
$1
6-15
1
7-
Alles
6-25
2
2
$1.50
2
:
—
Bangor Hydro-Electric, 1%
6%
preferred (quar.)
2
$3.75
6-22
7-
'>•
(accum.)——
7-
$1.75
-Allen
3
7-
Co., Ltd. (quar.)____
Hungerford) (quar.)
Common
7-
7-
:
Oil Corp.___
Pattern 5'/a% pfd.
Simplicity
Slater
7-13
6-20
preferred
8-
(quar.)—
7-2
$2.50
——
Co
7-
(quar.)
Susquehanna
Algoma Steel, 5% preferred (s-a)—;
& Western Ry., guaranteed
3
$1.25
___
Union
-iShell
7-
25c
_
(irreg.)
Co.
Leather
7-13
(quar.)—
Alleghany
Louis—
!___
(quar.)
8-10
$5 preferred
preferred
7%
7-20
50c
25c
i
•
5%
6-15
preferred
&
Welt
6-23
Bangor & Aroostook RR. Co.—•
6-15
2
Backstay
(monthly),
$1.25
(quar.)—
A
Iron_
RR
Albemarle Paper Manufacturing—
7-27
20c
:
r
.
2
7-
$6
6-23
30c
(quar.)
7-
$7
Albany
3
7-
75c
25c
Mills
20c
class
&
5-31
3
Avondale
2
7-
$3.50
—
Automatic Voting Machine (irregular)
Automobile Insurance Co, (Hartford) (quar.)
6-14
7-
$$1.75
—.—
Bearing,
Ahlberg
7-2
6-20
1
.8-
;
■
Co.—
—
83Ac
:
Fuel
25c
Schwitzer-Cummins
Co.
(s-a)
'
7-16
$2.50
/;
preferred
preferred/(s-a,)
Atlantic Refining Co., 4% pfd. ser. A (quar.)
Atlas Thrift Plan, 7c,'o: preferred (quar.)
Auto Finance Co.,
common
(quar.)___
5V2% preferred (quar.)
6-21
40c
Insurance
Co.
1%
~Y "5'%
5-26
Power Co.,
7-14
7-10
25c
2
Alabama
■
6-16
2
7-
Surety
Alabama
'$1
7-
$$3.25
62'/a c
&
6-30
(quar.)
Diego Gas & Electric Co., com.
5% preferred (quar.)
Schenley Distillers Corp.__
San
i
6-20
.,.
7-2
10c
(s-a)_—
7-14
(quar.)______
(Hartford, Conn.) —
Casualty
preferred
non-cum.'
7-25
87'/ac
pfd. (s-a)__
5%
.,
Athol Manufacturing,
Atlanta Birmingham & Coast RR.
6-15
7-20
6
;
7-2
7-16
1
St. John !Dry
St.
2
7-
25c
(quar.)
6-20
1
$1.75
Dock & Shipbuilding—
preferred (quav.)
7-
Construction
Corp.
2
2
7-14
;
50c
Metal
7-16
'
—
'
(quar.)—
6-18
7-
$3 '
8-
8-
.
—_______
AA
of Rec,
7-
75c
(quar.)
common
$1
—
$6. pfd.
Inc
Ltd., 63/2%>
25e
(quar.)
St. -Croix Paper Co.
1
preferred (quar.)
(s-a)_
Payable
133Ac
Special
6-25
6-30
Share
Holders
37 VaC
6-25
$3.50
A
When ■'
Quarterly
Agnew-Surpass Shoe Stores, Ltd.—
7% preferred (quar.)———_———
Agricultural Insurance Co. (Watertown, N. Y.)
Quarterly
6-25
$3
■■■
(s-a)
(s-a)_
2
v
_______
Associated Public Utilities Corp.——r
Atchison Topeka & Santa Fe Ry. Co.—
(quar.)_
Aetna
6-25
6-30
'■ ,'$3 '
obligation
guaranteed preferred
7%
guaranteed preferred
Rike-Kumler Co, (irreg.)
7-
Corp.—
Arundel
55c preferred (quar.)
Aetna
1
Dividend
Rose's
& Phtch,
Aeronca Aircraft Corp.,
7-16
1
6-30
$3
:
common
6%
.
4%
Laboratories
Addressograph-Multigraph Corp
Aero Supply Manufacturing class A
7-21
6-30
31'Ac
'
6-30
50o>
Equipment
Companies
V,'
Name of Company
m
& Straus,
Acme Glove Works,
7-12
9
75c
Richmond, Fredericksburg & Potomac RR.—
Voting common.
.
8-
'
j
6-22
-
50c
___
(quar.)
Manufacturing Co., 5% pfd. (quar.)
Island Electric Protective Co
$2
2
25c
—_________—
Co., $2 preferred
A.)
(C.
Reliance Life Insurance (Pittsburgh)
Rheem
7-
$10c
(quar.)„_-___^-~_—r——
Indian
Red
2
Abraham
Co.
7-10
Aro
:
:
59%C
(initial),
Per
7-
?
Miscellaneous
and
6-22
25c
$5e
Reading
6-20
25C
15c
—
-
■50c
(s-a)
6-20
2
Preferred
#
Industrial
Extra
6-20
7-2
Art
5
7-13
6% pfd. (initial quar.)_____
Prosperity Co., Inc„ 5% preferred (quar.):._
Public Service Corp. of New Jersey-r
6%
preferred (monthly)
.
Pyle-National Co., common—___
8%
preferred (quar.>__„_____.AA-A-___
2
Share
class A
15c
1
Princess Shops,
of Rec.
7-
Name of Company
Armstrong Rubber Co.,
paid. The list does not include divi¬
dends announced this week, these being given in the
preceding table.
■;
.-.'.'V:
6-20
Payable
•'
-
give the dividends announced in previous
we
weeks and not yet
6-30
15c
Holders
When
\
,
Arrow-Hart & Hegeman Electric Co._—.
2
$1.25
(interim)—-
Corp. of Canada, Ltd.
Prentice
Wabers
Products..
Below
2
;-,—
(quar.)__—a
Power
•
7-
7-15
25 c
Per
of Rec,
Payable
Share
Name of Company
.
Holders
When
Per
'.,
Monday, July 2, 1945
7-
3
6-
6
$30c
7- 3
6-
G
'
;
.Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4399
162
Per
Payable
Name of
0} Rec,
Connecticut
6-15
7-31
475c
Converters, Ltd. (quar.)
Fairbanks-Morse Co., Ltd.—
preferred (quar.)—
Canadian
When
(s-a).—
t$2
(quar.)—
■7- 3
$62y2c
Insurance
Canadian Fire
Canadian Food Products
•
6-20
■
;»
7- 2
.
8- 8
5-31
Consolidated Cigar Corp.—
7-^1
6-30
6- 4
Elliott
1
7-2
6-
7-2
$75c
Investment Corp,
/"
Canadian General Electric, Ltd. (quar.)
';■: $$2
Canadian General Investments, Ltd,—
415c
Registered ■ (quar.)' ■
...,«
$$4
Canadian Indemnity Co., common (s-a) —
■4$3
4% preferred (quar.)n-——
4$1.25
Canadian Industries, Ltd., class A (quar.)__
6-15
6-15
$4,75 preferred (quar.).:—$1.18%
Consolidated Dry Goods
(irreg.)25c
Elizabeth town
;
6-25
2
7- 2
6-20
7-31
6-29
$$1.25
7-31
6-29
$$1.75
7-14
6-15
.
7%
preferred "(quar;).-—————r.—•'
$1.25
Industries, Inc.—$2 preferred (accum.)—--——i,:
25c
Consolidated Gas El. Lt. & Pwr. (Bait.)-—
'
■Common-"(quar,90c',
4xh% preferred series B (quar.)
$1.12Va
4% preferred series C (quar.)_
$1
6-27
8- 1
$5
(quar.)—
B
—————■
7. 2
6-11
7- 2
6-15
7- 2
7% preferred (quar.)——————.
Canadian Oil Cos;, Ltd., 8% pfd. (quar.)—
t$2
■
8-
B
Class
6-15
.
7- 2
430c
$20c
'"
6-15
B
Clfl^S
ii
.
ji-imJ-J-'
IIUI-H "■ i' -
r
.
IJU'I.'
preferred
$1.50
(accum.)
Co.-,
Shoe
7- 2
6-14
7-
•«.-——
—
Capital Administration Co,—
$3 preferred A (quar.)-—-—,——
Capital Transit (quar.)——-—*.-——-—-.
Carnation Co.,
8%
7- 2
50C
8%
6-22
6-22
7-2
75C
6-11
6-15
.
.
,
4% 1
'
(quar.)——-— '■-/•./■/■■■$i
7-
;
-
■
$1.75 preferred (quar.)
Consumers Gas of Toronto
7-10
—
6-20
Continental
Continental Bank & Trust
7-2
6-20
Cassidy's, Ltd., 7% preferred (accum.)—
Caterpillar Tractor Co* (increased)———
$$1.75
7- 3
6-2
(quar.)
75c
8-31
8-15
Continental
75c
7-2
6-20
Baking
Co.,
8%
pfd,
Co.
6-18
6-18
7%
participating preferred
7-2
6-15
6%
preferred
(W.
$1
7-2
6-18
32%c
7-2
6-20
Cooper
7-2
6-20
$1.12%
7- 2
6-20
Central Kansas Pwr. Co., 4%% pfd. (quar.)
Central Maine Power Co., 7% pfd, (quar.)—
$1.19
7-16
6-29
2
6-11
preferred (quar.)———————-i,
$6 preferred (quar.)———
5%
preferred (quar.)——,—
^$1.50
7-2
6-11
$1.50
7-2
6-11
62 %C
7- 2
6-11
■
——-
-—
——
Elec.
(quar.)
& Gas, com.
—
preferred A (Initial quar.)———
Central Illinois Light, 4%% pfd. (quar.)—
4.10%
1
7-
5%
7-
6-18*
.7- 2
7- 2
$5
6-15
6-15
Fedders
8-1
7-
7
Federal
7
7-2
6-7
Crown
8-20
$1
held)
7-2
6-20
6- 2*
7- 2
Order Co.
Chicago Mail
7- 2
$1.25
7-2
7-2
6-20
15c
7-2
6-
$2.50
7-25
7- 2
6-16
9
,
62 %c
7- 2
6-16
75c
7-2
6-16
Chlcago Railway Equipment, common--—
7% preferred (quar.)
—u—«
Chickasha Cotton Oil (quar.)—
25c
7-2
6-23
43 %C
7-2
6-23
6- 7 ?
■
Quarterly'-,
25c
pfd, (quar.)—
7%
7-14
250
10-15
9-6
$1.75
>—-■
—a
Christiana Securities Co.,
7- 2
6-15
$1.25
T Financial
7%
6-9*
8-1
7-
8-
25c
preferred
7
7- 7
1
8-10
8-
1*
$1.75
6-11
7- 2
75C
6-28
7-2
$1.37
7-2
6-18
$3.50
preferred (quar.)-
preferred (s-a)————————
7% 2nd preferred (s-a)---—
Clearfield & Mahoning Ry. (s-a)
—
Cleveland-Cliffs Iron, $5 pfd. (accum.)——
7-2
6-25
12-24
$3.50
8-15
3c
7-14
6-30
Clinton Water
(NY)
Oils
Coca-Cola
Co.,
$3 Clftfes A
7-2
6-15
7-3
6-26
7-2
6-20
7-16
7-
7-2
6-22
30
7-5
6-15
62%c
—
7-2
6-15
25c
7-20
7-10
7-
2
6-12
7- 2
6-12
$1.50
(S"*8»)
Coca-Cola International Corp.,
$3
-i
iu
gTs" &"Eiectr"icr
1'I-
A-j-
n
ii .'j' Viji
i
iin
7- 2
12-1
11-2
$1.50
7-
■
2
:
6-12
68%R
7-2
6-20
$1.50
7-
6-20
7-2
,
6-20
7- 2
$1.75
75c
2
6-15
25c
7-
2
6-15
75C
-•
7- 2
6-15
$1.50
8-15
7-20
Ciim. preferred
$1.25
8-15-
7-20
5%
$1.25
8-15
7-20
Columbia
6% pfd. A (quar.)
5% series (quar.)
preference (quar.)—,.—
Columbian Carbon Co. (stock dividend), two
additional shares for each share held
cum.
Alcohols,
Ltd.,
Commonwealth
Commonwealth
Edison
7-16
6-30
partic.
Gas
preferred
(N. ID,
(s-a)
7%
Connecticut
Insurance
6-11
Eastern
IOC
7-15
6-30
8-15
7-31
.
(ounr.)—_—;—
9-29
9-25
*$1.50
12-31
13-*>4
$5
7-2
6-15
*$1.50
'
.
preferred
(quar.)
7- 2
6-15
6-20
(quar.)-
25c
7- 2
Light & Power Co,, common—-
60c
7-2
Connecticut General Life Insur. Co.
Connecticut
75c
—
8- 6
(quar.)
6-5
8-1
7-20
7-15^
7-1
$2
9-1
Service
Gatineau
Power,
$3
preferred A
particpating
(quar.)
—
Aniline & Film
of
6-29
7-31
6-29
7-2
I. G.
7-
7-25
Chemie
Corp., common A._
option
of
2
*$1.25
7-2
6-1
4S1.38;
7-2
7-
2
7-
2
6-11
$1
7-23
6-28
IOC
7-23
62 %c
preferred (quar.) —
$2
pfd. (accum.)..—
Capital Corp; (Irreg.)
Electric Co. (quar.)
Fireproofing Co., 7% pfd.; (quar.)..
Industries Co., 5% preferred (quar.)
Instrument Corp.—.——
$1.75
:———
Easy, Washing Machine, Ltd. (s-a)
Ekco Products, common (initial)
——
—
preferred (initial)
Elder Manufacturing ,Co., common (irreg.)—
5% participating Class A (quar.),
V
.
$1.75
7-
1%C
6-30
6-22
7-
2
6-20
$1.25
7-1
6-20
25c
7-2
(quar,)_.
6C
7-20
6-30
75c
7-
2
6-16
$1.12%
7-2
6-16
$1.25
7-1
$1.25
8-
1
7-
2
—
Trust
(Boston)
r"
General
Time
Instrument,
-$1.75
66c
„
common
•
75c
$25c
30c
$1.01 ¥4
25c
$1.25
50c
6-15
6-20
7- 2
6-20
7-
3
6-15
7-2
•■8-15.
*$2;50
25c
7-
41.50,
8-15
$$1.25
8-1
7-3
40c
6-27
6-14
7-
7-2
6-5
6-15
7-2
7- 2
7- 2
'
,
6-15
6-20
7-1
6-20
87 %C
7-2
6-20
(quar.)—
40c
6-15
Glen
(A.
Falls
C.)
—
$3.50 pfd.
Co.,
Insurance
Co., common
(New
York)
;,
Class
$4.50
A
(quar.)
preferred
—.———
6-13
,
7-1
$125
8-1
7-
$1.25
7-2
6-22
2
6-12
7-
7- 2
3
6-12'
SfiViC
——
(initial)——
Gold & Stock Telegraph Co.
,
50c
(quar.)—
(quar.).—
convertible preferred
preferred (quar.)——
Godchaux Sugars, Inc., $7 preferred—
.
6-15
2
7- 2
Art Co.
7%
6-20
7-
7-15
4%%
7-16
■
6-18
'
60c
Glidden
6-18
,7-16.
8-1,
'
$1.25
(quar.)...—
Gillette Safety Razor, $5 preferred (quar.)—
Glatfelter (P. H.). 5% preferred (quar.)—
,
6-5
3
6-18
7- 2 '■:
'
$1.06 Vt
—1——
$1.50
Gilbert
8-1
6-15
,
$1.75
6-15
7-
2
7-17
(quar.)—.
Gibson
7- 2
6-11
2
420c
(quar.)———————
6% preferred (quar.).
Georgia RR. & Banking Co.
6-15
,
6-15'
7-2
'
414% preferred (quar.)—..—
Georgia Power, $5 preferred (quar.)
,6-15
2
6- 8*
7-9
IOC
25c
—
6-16
$1.12
62 %c
$2.50 preferred (quar.)—
2
7-
6-16
7-25
7%
Printing Ink, common (quar.)
preferred (quar.)
General Products Manufacturing, Ltd. (s-a)
General Railway Signal, common..
6% preferred (quar.)—
General Steel Wares, Ltd., common (Interim)
5% preferred (quar.)....—
General Telephone Corp,, coirimon (quar.)
__
7- 2
2
40C
7-2
7-2
6-28,
6-9
Cable Corp..
"
,
6-20
common.
$6
6-15
2
1
6-21
have the option
l/900th share of the
or
General
o-lP
7- 2
6-
;
stock
B
—
:
6-30:
e
6-22
the
—
.
6-15
6-29
$1.12%
(quar.)..
Co.—
General Investors
6-22
•
2
7-16
.General Machinery, common .......
^
4V2% / preferred (quar.)——...
General. Mills,; Inc., 5% preferred (quar.)
General Motors Corp., $5 preferred (quar,).
General Paint Corp., $2.67 pfd. (quar.)....
6-15
7-17
7-
$3.50
7-14
General
7-10
7- 5
$1.50
-28c
General
5-25
7-16
2
7-13
General
7-13
$1.12Va
$1.25
7-16
7-
1
General
6-15
7- 9
7-16
8-6
7-2
General
2
8- 1
8-6
8-
General
7-2
7-15
"■■
$1
7-16
Inc.—
l/90th share
or
Baking Co., 8%
General Box
6-15
7-15
the
taking cash
General
6- 5
7-16
0-15
6-30
6-15
I. G. Chemie common.
6-30
7-31
.
stock have the
the A
taking cash
Holders of
6-30
1
0-15
6-30
7-31
75c
Common Class B_—."
6-27
1
—
(quar.)
Transportation
American
6-27
8-
6-15
20C
preferred
5%
General
6-11
7-16
6-16
25c
common...
$4.50 preferred (initial)
6- 30
8-
25C
6-22
Gemmer Manufacturing—
of
7-16
6-15
6-22
';' 25C
Corp.,
A
Holders of
7- 2
6-20
6-21
7-7
7-16
6-11:
6-19
6-30
.7- 2
6-18
2
Gannett Co., Inc., Cl. B conv. pfd. (quar.).
Electric Light Co., common.—....
6-15
425c
$1,50
$1.50
6-18
7-2
.
7-
6-9
7-
6-22
7-2
50c
11-20
6-20
1
7- 2
25c
50c
8-20
1
7-2
2
7-30
7- 2
Steel
Electric Auto-Lite Co.—
12-
$1.50
7-14
Class
6-21
Steamship Lines, Inc., common—
preferred (quar.)—1.-
(s-a)—
6-20
9-1
7-
.7- 2
6-15
convertible
preferred
> 2
■■■
5
$1.50
Fulton
8-10
Associates—*•
Products, 5% pfd. (quar.)—
Eastman Kodak Co., common.
——;
6% preferred (quar.)
;
Eaton Paper Corp., $3.50 preferred (s-a).
6%
6-14
$1.75
Brush, 7% preferred (quar.).
Fuller (George: A.) Co., 4% conv. pfd. (quar.)
6-9
""
2
Fuller
7- 6
$1.50
7-
6-15 '
7-
Froedtert Grain & Malting (quar.)—;
Fruit of the Loom, $3 non-cum. preferred-
7-5
7-20
7- 2
——————
:. 6-SO
7-20
7-2
62 %c
Gardner
preferred (accum.)
—
:
1 75c
4%% prior preferred (quar.)—$1.12%
4%%
Connecticut Gas & Coke Securities—
$3
8-15
37V2c
$1.50
7-16
75c
$20
(quar.)..
.
Galveston-Houston Ce.:;
6%
75c
.
—————-
—_—,—i
Fire
preferred
6-11
Eastern
pfd. (accum,)—
Quarterly
Quarterly
$6
fi-14
6-11
7-20
1
7-2
convertible preferred (quar.)
Eastern Gas & Fuel
2
7-2
6-20
6-20
8-
'
•7-l2,
$1.75
7- 2
8%
30c
$4.50 preferred (quar.)
:
:
Duquesne Light Co., 5% preferred (quar.)—
7- 2
$1.50
(quar.)———
$7 preferred (quar.);
—;—
Community Frosted Foods—
6
6-15
6-21
Fast Pennsylvania RR. Co. (s-a)—-c——
East Tennessee Light & Power—
1
.7-
9-30
7-2
de Nemours & Co.—
tlOc
$6 preferred
First
(E. I.)
6-30
8-1
10-10
6-2
—
7-16
7-
6-22
7- 2
-
6-20
6-16
•
6-30
$1.12W
Bradstreet, Inc., 4V2% pfd, (quar.)—
Dunlop Rubber Co. Ltd.—
Ordinary registered (final)
——
Duplan Corp;
Eason Oil, $1.50
/.
7- 2
7-10
75c
75c
$1.75
Dun &
7-16
6c
6-25
7-2
(quar.)..——
8-1
35c
7-2
75C
Duke Power Co., common
——
7% preferred (quar.)——————
6-15
$1.37%
6-25
$1.75
—-
9-11
(Del.)_———
Confederation Life Assn; (Toronto)—
preferred
;■
2
preferred (quar.)
7-2
6-20
75c
$1
Co., common—
——preferred A (quar.)-—————
Dow Drug Co., 7% preferred (quar.)——
7-
Commonwealth Water & Light—
Concord
Chemical
JSC
Co—--—■—*■-—
Investment
Commonwealth Water, 5%%
6-16
7- 5
Textile, Ltd., common (quar.)—
$$1.25
(quar.)———
-;j$l-.75
7-17
2
7-2
$2
25c
6-19
$10c
$1.62
(quar.)
common
7-3
75c
$4
Du Pont
preferred (quar.)————.
6-20
$1.50
:
7-
7-17/
1
Ltd., ordinary
General
9-21
,
7- 2
8-
; $1'
(quar.)
6-15
preferred
6%
R
7-2
preferred (quar.)———————
t$1.25
$2.50 class A (quar.)—.——
62V2C
Mines, Ltd. (quar.)
$30c
Dominion Dairies, Ltd., 5% pfd. (quar.)—
f44c
Dominion Foundries & Steel, Ltd. (quar.)—
$35c
Dominion Glass Co.; Ltd., common (quar.)t$1.25
7%
preferred (quar.)$$1.75
Dominion Malting Co., 5% preferred (quar.)
$$1.25
Common (quar.)
—
420c
Dominion Oilcloth & Linoleum (quar.)— _—
$30c
7-25
17%c
7-2
5%
6-30
2'",
7-25
(quar.)—
$2
——
6-15
6-2 ls
25C
preferred
12-24
Dome
Corp,.
York)
General American Investors Co.,
(s-a)-!
Ltd.—
6-15
3
$1.18%
$1.25
12-24
$4
4-10
.
7- 2 '
7-
37%0
7-2
$1.06
'
7-3
...
$6
(quar.)
—
10-1
Dixie Cup,
Dravo
7-
50c
(s-a)
5y2% preferred (quar.)———;
(quar.)
7-15
60c
;
(Baft.)
Stores, Inc.
7-2
_———
6-13
2
50c
(New
50c
participating preferred
Draper Corporation
6-23
7-
7-18
6% '
(annual).—.—. ;'/"
7- 2
$1.50
Foreign Light & Power Co., 6% pfd. (quar.)
Formica Insulation Cq.—
40c
7- 2
.....
Foremost Dairies, Inc.t common..
7-2
IOC
6%
75c
7- 2
preferred (quar.)..
Foster & Kleiser, 6% class A pfd. (quar.) —
37 %c ■'•"•"7- 2 ;
Foster Wheeler Corp., common (quar.)..—.
7-2
25c
6 % prior preferred (quar......
37 %c
7- 2 ■'
Foundation Co. of Canada (quar.)..
7-20
*35o
Franklin County Coal Corp.—;
7- 2
35c
7% preferred (accum.).....——
7-25
Fraser Co., Ltd. (quar.)..—....
450c
Freiman (A. J.), Ltd., 6% conv. pfd. (accum.)
4$3
7- 2
Diamond Match Co.—
Dow
7-21
3c
Rubber
&
Bank'
10-1
—
preferred (initial quar.)
D1 Giorgio Fruit Corp., $3 partic. pfd. (s-a)-
7%
7-21
7-31
7-2
(quar.)——
Ford Motor,
Dewey & Almy Chemical—
Dominion
7-31
25c
"
6-20
■
——
37 %c
$i.cey4
Co., common (quar.)
50c
preferred (quar.)—————i
Extra
6-30
preferred
Class
7- 2
Detroit-Michigan Stove Co.—
6%
Sons
$1.12Vi
(Colo.) (quar.)
————————
Distillers Corp.-Seagrams,
9-20
6-30
$1.75
(N. Y.)
$1.75
preferred (quar.)
(s-a)—
10-
6-21
7-14
7%
7-9
;
1
7-14
7%
Detroit Hillsdale & Southern Western RR. Co.
Detroit River Tunnel
7-2
,
35c
$1.50
(annual)..——
$2
75c
$1.75
$1.75
——
Denver Union Stock Yard Co
9-15
e-u
50c
Flambeau Paper, 6%- preferred (quar.)—.
Florsheim Shoe Co., class A (quar.).—...—
7-2
Co., 8% debs, (quar.)—
$6 convertible prior preferred (quar.)
Dentists Supply (N.Y.), 7% pfd. (quar.)—
7% preferred
(quar,)-.
——-—.—-
$1.50
—-fr*.
6% preferred (quar.)——--v———,
6V2% preferred (quar.)-—
——
8%
—
-
Columbus & Southern Ohio Electric Co.—
Commercial
——
Dennison Mfg.
6-12
25c
'(s-a)————-—
Ltd. (s-a)——
Collateral Loan Co. (Boston) (quar.)-——
Collins Radio, $2,75 pfd. (quar.)—
Colonial Ice Co., $6 preferred (quar.)—
$7 preferred (quar.)
Columbia Baking Co., common (quar.)——
$1 participating preferred (quar.)——
Class A
lf
6-12
7-2
$5.60
common
Cockshutt Plow Co.,
EiXtr^i
2
75C
of St. Louis (Mo.)—
(quar.)—
6-15
50c
•
—
common
7- 2
$1.75
Coca-Cola Bottling Corp. (Del ), cl. A (quar.)
Coca-Cola Bottling Co.
6-26
$1.75
(quar.)——
Works, 7% preferred (quar.)
7 % preferred (quar.)
———
3
$1.12%
-
duett Peabody & Co.,
Coastal
„_
6-16
6-20
8-15
35c
.
2
7-10
*$1.50
common—-
(quar.)
Fisher Bros Co., $5 preferred (quar.)
Fitzsimmons Stores, Ltd.—
8-1
i-
Tire
National
First National
6-8
7% preferred (quar.)—
Denver Dry Goods, 4%%
7-
10-1
/
37 %C
(quar.)
(Wm.)
Firestone
6-30
7-1
Abbey Co.—
9-15
12-15
Cleaning & Dyeing—
preferred
First
11- 5
7-16
(s-a)-
6-9
12-20
Finance
8-6
11-15
6-20
7-
50c
$4.50 preferred (quar.)—,————
7-2
$1.25
common—
1-2-46
$1.50
20c
Electric Illuminating,
Cliffs Corporation
Clinton Trust Co.
7-2
$4.25
2nd
Cleveland
7-2
7-16
I2V2C
5%
City of Paris Dry Goods Co.—
7%
9-15
7-16
30c
12V2C
Semi-annual
(quar.)—————
City Investing Co., 5%%
9-29
75c
$1.12V2
75c
Citizens Wholesale Supply Co.—
6%
$1.75
Culver & Port Clinton RR. Co., com.
Extra (s-a)————
(Washington, Pa.)—
(quar.)————_.——;
preferred
7-2
12 %c
Co., common (quar.)—
Class A (quar.).-———
Utilities
Citizens
Citizens Water Co.
6-16
12%C
City Stores
6%
7- 2
50c
(quar.)—
Corp.
8-15
11-15
9-
6-15
'
Quarterly
C I
1
12-1
85c
5% preferred (quar,)--————————
Cincinnati & Suburban Bell Telephone Co.—
7-2
$1.25
$1.25
preferred
(quar.) _——
—
Cincinnati New Orl. & Texas Pac. Ry. Co.-—
8% preferred (quar.)
:
(quar.)—
6- 9
•
9-29
Filing Equipment Bureau, 4% pfd. (quar.)
Co. of Pennsylvania (quar.)..
Fireman's Fund Insur. (Sari Fran,) (quar.).
6-13
Co———
6-9
7- 2
;
$2.50
v4%% preferred (quar.)—
6-22
7- 2
—
Cincinnati Gas & Electric Co.—
5%
Packing
7-13
—
-
United
Filene's
25c
Dallas Power & Light,
preferred (quar.) J—
preferred (quar.)—i-
$2.50
7%
(quar.)——
Curtiss Candy Co., preferred (quar.)
Curtis Publishing Co., $4 prior pfd. (quar.)
6-30
50C
——-——
6-20
(reduced)——
Atlantic Sugar
Cypress
Chicago Pneumatic Tool Co., common—
$3
Cork
2
7-2
25c
—
6-20
;
7-2
7% preferred— :
$1.75
Davega Stores. Corp., 5% preferred-——34%c
Davenport Hosiery Mills, Inc., common
25c
7% preferred (quar.)—
$1.75
Dayton & Michigan RR Co., 8% pfd. (quar.)
$1
De Pinna Co., class A
—•.
5c
6%
conv.
preferred (quar.)——-—
15c
Debentures & Securities Corp. of Canada—
5% preferred (s-a)—i————„—' v 4$2.50
Decker (Alfred) & Cohn (quar.)———
25c
Quarterly
;
•
25c
Dejay Stores, new common (Initial)
10c
De Long Hook & Eye Co. (quar.)—————
$1.50
-
6-20
50C
5% pfd. A—
Chicago & Northwestern Ry.j
6- 2*
25c
Fenton
6-20*
7- 2
————————
6-20
7-2
•.75c
Chicago Daily News, common (irreg.)5 % preferred (quar.)——-i—————
Chicago Electric Manufacturing—
■
$2 class A
(accum.)—
7-2
Corp.—
(accum.)—^
35c
& Seal Co., Inc.- (quar.)—25c
Crown-Zellerbach Corp. common
Cuban-American Sugar, 7% pfd.
Cuban
Fehr
Fifth Avenue Bank
Crown
Cudahy
6-20
6-30
$1.25
Chesapeake-Camp Corp., 5% pfd. (quar.)—
Chesapeake & Ohio/ Ry Co. (quar.)—-—
Stock dividend (one share of Pittston Co.
common
for 40 shares of C. & O, com¬
7- 2
7-20
6-30
9-17
1
7-
$2.50
—....
....
10c
6-15
10-
37 %C
Stores, Inc., com. (quar.)—
preferred (quar.)—.—.
Bank & Trust (NY) (quar.)..._
(Frank) Brewing Co., 6% pfd, (s-a)—
$1.50
7-14
7C "
•
3c
20c
37 %c
Federation
International
A
6-23
'
-i
—
7-2
Federated Dept.
Fidelity & Guaranty Fire Corp.
—
7- 2
45c
(N. Y.) (quar.)——
(irreg.)———
Chemical Bank & Trust
mon
Cork
class
6-18
6-22
$1
-
7-2
7-2
7-2
Fernie Brewing
(quar.)
6-15
(quar.).——
6-23
Corp.
Company
50c
preferred
Corp.,
6-22
Wheat
6-20
2
$1.25
4%%
Crompton & Knowles Loom Works—
6%
preferred (quar,)
-
$1.50
Finance
7-2
Cream
6-15
Cross
6 %
6-22
73c
$1.50
7-5
2
....
Services
7-2
7-10
1
8-17
11-16
7-16
7-
(resumed).——/
Co,
40c
8-1
9-1
12-1
7-
—
Quarterly
$1.50
,v
6-14
6-14
"
$1:
$1.25
$6 preferred
—-i——.—Champion Paper & Fibre Co.—
6% preferred (quar.)
Chapman Valve Manufacturing (quar.)—-
Fund, Inc.
■
(quar.)
7- 2
7- 2
41%C
Fire Insurance Co. of Canada (s-a).
Insurance Co. of N. J. (quar.)—...
Federal
6-16
7-15
•
70c
.....
Manufacturing
-Federal
$1.04
of
7-
6-14
6-14
6-14
2
$1.25
(quar.)—,
(quar.)..
Quarterly
6-15
7- 2
8-1
7-2
7-2
7-
—
pfd. (initial)
Farmers & Traders Life Insurance (Syracuse,
N. Y.) (quar.)—
—■
7- 2
7- 2
6-23
30e
(quar.)
preferred
preferred
$5
6-15*
7-2
$1.75
6-23
2
Fansteel Metallurgical Corp.—
6-15
7- 2
2
7-
$1.25
Brewing Corp., 6% preferred1 (s-a)
Family Finance Corp.; common——$1.50 preferred class A quar.)—
$1.50 preferred class B (quar.)———
6- 8
2
6-22
7-
—
Falstaff
'
Extra
!
5
25c
6-8
7- 2
7-
$1.25
6-15
$1.31%
7-
*
(initial quar.)
7- 3
$2,62Va
-
,
(quar.)
preferred
25c
(accum.;-
;
(quar.)__>—
common
Fairchild Engine & Airplane,
Fall River Electric Light—
$1.75
(quar.)—Corning Glass Works, 3 J/2% pfd. (initial)—
Corroon & Reynolds Corp.—
v$6 conv. preferred (atecum.)
Cottrell (C. B.) & Sons Co., com. (quar.)—
Corp.—
preferred
Eversharp, Inc.,
$1.62Va
...
series A preferred
preferred
preferred
5%
.
0-14
6-15
$2
(quar.)
(quar.)
preferred (quar.)—_
(Peter) Corp., 6%% pfd.
Electric Corp.—
$5.25
6%
(quar.)-———-————
preferred
Central Vermont Public Service
Chemical
7%
York Power Corp.—
Central New
5%
7-
$1.75
6%
6-21
7- 5
5%
6-14
7- 2
Cornell-Dubilier
Quarterly
2
7-16
6-15
(quar.)—
B.)-Company, common
$1.02 »/a
■'
Central Illinois
6-29*
7-14
6-29*
■■
Coon
70c
———
6-15
8- 2
10-
25c
7-2
8-18
7-14
2
(Initial quar.)—93%c
7- 2
(quar.)—————- ' $1.18%
$1.75
preferred (quar.)-——————
10c
Corp. (Irreg.)_———
Central Hanover Bank & Trust Co. (N. Y.)—
1
(N. Y.)—
Continental Steel Corp.-——
Continental Telephone Co.—
7%
6-20
7-2
7-2
^
$4.75 preferred
7- 2
.
Co.—
$3.75 preferred
(quar.):
60c
7-2
20c
Can
■
f$2
-
Quarterly
Centlivre Brewing
-
25c
common
v
5c
Cayuga & Susquehanna RR. Co.—'
Celanese Corp. of America—
10-
.
Consumers Power, $4.50 preferred (quar.)—
$1.12Vfe
$5 ■ preferred ''(quar.)'J,^.——$1.25"
6-15
$2
.(s-a)
43%c
Ltd.,
Corp.,
2
Carolina Telephone & Telegraph Co. (quar.)Carrier & General Corp.
(quar.)-—
,
$2
-
7-2
:
20c
-
(quar,)——
$2
8'% preferred —
——-■$2.72'$2.75 preferred (initial)
—,
23c
$2.75 preferred (quar.)> 68%c
Consolidated Steel
7-20
$0.2222
pfd; (initial)——-
20c
—
(quar.)
6-20
2
7-
$1.25
^Quarterly
Carolina Power & Light $5
:
preferred
preferred
6-20
2
7"
"
.
Clinchfield & Ohio, Ry. Co.—
Carolina
•
'
50c
(s-a)—-————
common
preferred,
.
Stores, Inc., common—
Common
3
$1.60
$1.12 Va
;
Erie Railroad Co.—
6-15
Consolidated Retail
7-2
preferred
9-14
7- 3
5
10c
6-22
9-14
6-15
5 '
Extra'
;
' '•
475c
Consolidated Press, Ltd., class A (quar.),.—tl5c
7-16
7-'
7-
$37%C
»,
—
7- 2
6-14
6-15
7-19
Canadian Wirebound Boxes, Ltd.—
Cannon
1
$1.25
7- 2
7-16
7-19
-
m
6-20
9-
6-18
10- 1
$50c
Mining & Smelting Co.,
of
Canada, Ltd. -(s-a)——»—'-i-
$$1
Manufacturers, Ltd.—
vat
/ 7-
2
(quar.)
—
6-15
!
Consolidated
6-15
2
7-
Co,
9-17
;
Radio «Sf Phonograph '.(quar.)-——
15c
Empire Trust Co. (N. Y.) (quar.)———,
75c
40C
Emporium Capwell Co., common (quar.)——
4'/2% preferred A (quar.)—
56y»c
;
Endicott Johnson Corp., common (quar.)
75C
4% preferred (quar.)
$1
—Engineers Public Service, $5 pfd. (quar.)«.^«
$1.25
$5.50 preferred (quar.)
$1.37%
$6 preferred (quar.)
;
$1.50
7-16
$$1
Canadian Wallpaper
,
6-15
7-2
$1.50
—
——;
—
25c
•
Emerson
-
Consolidated Machine Tool Corp.—
$6 first preferred
(quar.)
6-30
1.
68 %C
6-20
6-15
2
(quar,)—«
50c
Emerson Electric Manufacturing Co.—
7% preferred (quar.)—
: /: $1.75
'
i-u
(interim)
(interim)..-
Class A
6-20
7-3
"
.4% non-cum. pfd
Canadian Shipbuilding & Engine—
\
Canadian Pacific Ry.,
Gas
Ely & Walker Dry Goods—
7% 1st preferred (s-a)—
6% 2nd preferred (s-a)~
Emerson Drug Co., 8% preferred
,
■
./. Class
Consolidated
El Paso Electric, $4.50 preferred
Consolidated Film
6-20
■
7-
Elmira & Williamsport RR. Co.—
Consolidated Edison Co. of New York, Inc."^~
6-30
7-16
7-
7-2
20c
of Bee,
7- 2
15c
—
preferred (quar.)
Co., 5%%
Holder*
Payable
75c
—
Electrical Products Corp. (quar.)
Elgin National Watch Co.w_———
.
,
When
Share
&
Manufacturing Co.—«
Electric Household Utilities Corp-———'
.0.
1
Canadian Foreign
:
6-30
7-16
$$1.50
Per
Name of Company
Electric Controller
■
—
of Rec,
& Passumpsic Rivers RR.
Co.—
6% preferred ■(s-a)—$3
6% preferred (s-a)—
•>,' $3
Consolidated Bakeries of Canada, Ltd
420c
Canaaian
6%
Share
Company
Holdert
Payable
Holders
When
■
Share
Name of Company
49
(quar.)——
7-
2
6-12
$1.75
7-
2
6-20
7-
2
$1
7-
2
6-18
57 %c
7-
2
6-18
7- 2
6-15
$1.75
$1.50
•
,
THE COMMERCIAL & FINANCIAL CHRONICLE
50
Class A
7-
3
6-15
6%
preferred, (quar.)
7-
3
6-15
6%
preferred
75C
7-
2
6-22
preferred-
$92.75
6-30
62VaC
7-10
6-30
31V4c
8-
1
7-20
International
$15c
7-
(quar.)
Ltd.
Co.,
preferred
Insurance
Ltd.—
Great Lakes Paper Co.,
6-20
6-15
7- 2
6-15
30c
7-14
6-20
International Power Co.,
'
$2 class A partic. preference
Lakes Power Co., Ltd.—
J25C
7- 3
6-11
7%
$7
preferred
Great
Life
West
$$1.75
(quar.)_—.™.
Assurance (Winnipeg);—
Gas. common.
Participating
*
Co7,
Gulf Power
(quar;):
Co.
1
35c
Stores,'(quar.)„_
7-20
7-14
5%
6-23
(Ky.),
common
6-30
Lunkenheimer Co., 6Va % preferred (quar.)_.
614% preferred (quar.)
;
614 %
preferred (quar. )„
7-16
6-30
Lynchburg & Abingdon Telegraph
7-
6-15
6-30
Iowa
6-20
7%
7-2
6-20
6Vz%
$0,049
7-
2
6-20
6%
$1.50
7-
2
6-11
Iowa
(quar.)
80c
7-
2
6-25*
f
31 (4c
(quarj-
1
7%
Iowa
9- 1
35c
2
6-
$6
8-15
7-
34%C
8
8 I:
7-
2
6-15
Irving
7-2
6-15
25c
7-
15c
7- 2
6-13
50c
7-
2
6-21
—™™
$1.50
7-
2
6-21
Jamaica Public Service Co., Ltd., com. (quar.)
17c
7- 3
5-31
preferred A (quar.)
preference B (quar.)
preference C (quar.)
5% preference D (quar.)..
Jamestown Telephone Corp.—
7-16
2
6-
8
2
6-
8
7- 2
7-
3
6-
7-
7- 2
$1.12'/a
7- 2
7-16
7-31
7-16
30c
———
7-31
4%
7-
6-18
2
$1.50
7-20
7-
$10c
7-2
6-15
8%c
™_™*..
7-
6-18
Kahn's
6-29
Bearing
Co
Howell Electric
Hummel-Ross
Motors
Fibre
Water
Indiana Gas
Common
7- 2
$1.50
7-
2
6-14
12y2c
7-
1
6-15
$6
37'/aC
7-
2
$1.25
7-
2
6-15*
2
6-11
$1.50
7-2
6-18
15c
7-27
7-17
Kellogg Company
7-
6-20
Kellogg Switchboard & Supply, com.
Katz
$1.75
-
7-
"
>
$1.75
31V4C
7-
2
2
30c
12-15
9-
5
7-
3
6-
50C
7-
2
6-12
9-
1
Group
Bond
3
7-
2
2
2
.
3
6-
8
3
6-
6-
9
7-
5
9-20
preferred
37 Vic
preferred
Ltd., common (s-a)™_
International Bronze Powders, Ltd.—
Common (quar.)
!
(quar.)
Intl Button-Hole Sewing Machine Co. (quar.)
Products
9-15
8%
7- 2 ::
7-
$20c
$37y2c
„
7-15
6-15
7-15
6-15
20c
7-
2
6-22
(quar.)
50c
7- 2
6-18
65c
7-16
6-20
:
LZ
2
6-20
50c
7-
1
6-11
$2
7-
1
6-11
50c
7-
1
..
.
—...
.
6-11
7-2
50C
6-16
7- 6
75c
7-16
$1.25
7-12
6-29
15c
7-14
7- 3
20c
7-2
6-15
Supply (irreg.)..*
Creek & Mine Hill Navigation & RR.—
Piping
&
Semi-annual
6-20
7-
Company
Manufacturing
Miller-Wohl
6-18
-
12 Vic
...
...
Midvale
7-2
60c
.
.
preferred, (quar.)
CI.
Co.,
(quar.)
A
(initial)
(initial)...™—.
Co.,
common
5%. preferred
5214 c
;
7- 2
6-15
7-16
$1.50
7-2
6-20
(quar.)
$1.50
7-
2
6-20
25c
7-14
7-
Mississippi River Power Co., $6 pfd, (quar.).
Missouri Edison Co., $7 pfd,. (quar.)
.*,
7-2
6-20
$1.75
7-2
6-26
7- 2
6-16
7- '3
6-15
Telephone Corp., 6%
&
pfd.
Co.—
(quar )..—
*
7%
Minnesota Power & Light Co., $6 pfd. (quar.)
Sessions Co.,
37 Vz c
—
(Sarnia, Ont.)
1——
—™.__-
$$1.50
$2.50 pfd. )quar.)—
$2 Class
6%
A
&
'
(NY)
(quar.)—
(quar.)...
.....
6-30
7-
6-20
2
•
10c
—...
preferred
*
(quar.)
>$2.50 preferred (quar.)„
L—
Lehigh Portland Cement Co.,-com. (quai*..)—
Leich (Charles) & Co., 7% pfd. (quar.)
Lenox Water Co.
(quar.)
L—..—
Lerner Stores Corp
;_™—
Levy Brothers Co., Ltd....
_'l
...
•
7-2
6-15
1
9-15
62y2C
-7- 2
6-15
62 Vac
10-
1
9-15
25c
8-
1
7-14
10c
$1.75
TO-
6-19
7-2
$1.25
7-2
6-18
25c
7-14
7-2
UOC
7-
6-18
2
7-1
$1.75
7-
2
6-12
Quarterly
30c
8-
1
7-26
Quarterly
*
30c
11-
1
10-26
4c
8-
1
6-29
Petroleum
..._™
1.
5%
T-10
25c
7-10
$1.25
(quar.)
*.*
;
preferred (quar.)
Co., 614 % preferred (quar.)
Oil Refining Co. (quar.).
7-10
6-30
2
S.
82'/a C
7-
2
6-15
f$i.2o
!■; 7-
2
6-15
7-
1
6-14
7-
1
,6-14
6-20
6-20
•
/TO- 1
9-14
io-' l
,9-14
$1.75
7-16,
7-2
.7- 2
25c
'
6-15
87 Vic
7-
2
15c
(quar*)
Utilities,
7-
2
.•_™.'
7-
2
; 6-15
(quar.)
50c •'
6-15
(quar.)
66-
8
7-16
-
■
'
funds)
r.
class B
(quar.)
...
$55i/aO
7-
3
6-
5
$1.75
7-
3
6-
5
7- 3
6-
5
62yzc
(quar.)
(quar.) (payable in
common
class A
,
t
6-15
$1.75
Ltd.,
i
8
7-2
$48c
(quar.)
7-16
$1.75
com*
*
6-15
$1.25
—:
common
•
6-15^
7-2
(resumed)
(quar.)™
>
.
7-2
6-22
7-
6-20
»
(payable in
funds)
25c
7-
7-14
10c
—
$2.50
preferred (quar.)___
6-15
$1.62 Vi
Extra
pfd. (quar.)
6-30
50c
Belt
Lipton (Thomas J.), Inc., 6%
U.
3
43%c
common
Telegraph Co.
preferred
3
7-
v
$$1,75
Montgomery Ward <$s Co., Inc.,
7%
6-20
/ 7-
|30C.
Moore-McCormick Lines—
Co.—
Class B
Link
Co.,
$3.50 preferred
preferred
6-1
6-20
,7-2
'
(quar.)..
Montana-Dakota
U. S.
6-15
2
7-: 2
$$1.25
Monroe Chemical
Moore .Corp.,
7r
25C
t $1.371/2
—j.
preferred
preferred
.1,
7- 2
$$1.25
.
....
(initial)*.
preferred
preferred
8-
$$1.75
(quar.)
preferred
7%
—
—™™™_.—
;
Lincoln Telephone & Telegraph
Class A (quar.)
7%
Montreal
6-20
$1.2214
preferred (quar.)..
(Winnipeg) (s-a)_.
5%
Assurance
5%
5%
2
$2
Knitting Co., Ltd.—
(initial) i.
preferred
7%
7-
...
Monongahela Valley Water, 7%- pfd. (quar.)
Monongahela West Penn Public Service—
$7
6-15
31'Ac
5%
6-15
pfd. (s-a)
preferred
>
6-23
7-2
25C
....
;
*
7-14
7%
6-15
2
$1.50 V
(initial.quar.)
com.
(quar.)—
Hosiery Co.,
Monarch
6-30
75C
preferred
Monarch Life
6-30
'
30 c
—;
Co., common——
7-14
Mojud
2
7-
$1.75
preferred
514%
6-11
•7-14
Service,
(quar.)
Modern Containers, Ltd., common
11- 5
7- 3
8c
—
011-15
$25c
50C
(quar.)*
4.90%
7-
.
58Vic
pfd..(quar.).._.
Mobile & Birmingham RR, Co.., 4%
Gas
•
$1.75
45c
•
$7. preferred
8- 4
'
Co,
Missouri Power & Light $6
6-21
2
8-15
25c
(quar.).^
Co.
3
Oil
$1.50
(quar.)—.™™.....™.™.
(increased)
—...
preferred
Mobile
7-
25c
(quar.)—.....
preferred
v
62 Vic
(quar.)™™™'
Machine
6-20
•
preferred
(quar.)..
Co./ common
Common (quar.)
Lang (John A.) & Sons, Ltd.
Liori
(increased)
common
y
Corp.—
2
6-23
6-20
6-15
8-1
Lincoln National Life Insurance Co
3
2
7-
$1.25 conv. preferred
(quar.)
rLiggett & Myers Tobacco, 7% pfd. (quar.).
2
7-
15c
6-29*
7-
6-15
6-15
$1.50
7-31
7-
(quar.)™
Hone
Steel Products, common™
preferred (quar.).
preferred (quar.):
$2
r
6-11
2
2
2
$1.50
Midland
9-15
■
7-
7-
Mississippi Power & Light Co„ $6 pfd, (quar.)
Mississippi River Barge Line..™—........
6-30
25c
$1.50
$1.50
Mission
1
6-23
5
6-23
Lincoln
Cellucotton
6-21
$1
*
$$4
(s-a)
International Harvester,
2
Miller
(quar.)"™—--—
7-31
3
6-22
7-13
$2.50
7-
6-
2
1
Common
$$1
2
7-
2
6-20
7-16
7-
$1.75
7-
6-12
9-
971/2C
(quar.)
8-
1
40C
6-16
(quar.)
pfd.
preferred
50c
2
$1.25
6-20
2
$1.75
7-
$0.0375
2
7-
(quar.)
preferred
9-25
7-
Liberty Aircraft Products Corp.—
(s-a)
6-20
7-
7%
$1.25
(irreg.)...
2
6-15
1131%
Shares...
6-20
7-
6-20
Leath
6-4
2
2
Lawyers Trust Co.
2
6-13
7-
7-
6- 4
7-
6-12
8-21
7- 2
7- 2
$3
6-21
•
1,.
$1.50
7- 2
preferred (s-a)
.12-
(quar.)™.—™.——
7% 2nd preferred (quar.)
Kuppenheimer (B.) & Co., Inc. (s-a)
1st preferred
conv.
7-
1
3.90%
7%
convertible
9-25
67 Vac
1st preferred
6%
7-15
6-15
$2.40
Micromatic
Kroger Grocery & Baking Co.—
30c
9-
6-21
5%
25C
$1.03 Vz
6-23
6-21
$1.18%
6-20
-
2
7- 2
(quar.)—_—;™™.._™.
4%%
Landis
2
5
$1,311/4
—
*
Kresge Department Stores—
Lamson
2
12-
6-15
Koppers Company, common™..™..™——
6-28
7-
1
6-15
Mill
4-20
9-10
1
1
9-
2
6-11
7-21
7-
9-
12-
2
2
Latrobe Electric Steel
50c
6-21
7-
40c
62 Vic
Langendorf United Bakeries, Inc;, Class B™
30C
5
9- 5
7-
7-
6-20
$1,621/3
9-
12- 5
7-
40c
7-
6-20
6-15
$1.75
Midwest
Semi-annual
7- 2
2
$1.50
7-16
Lambert Company
50C
7-
-
6-15
...
8-15
Lambton Loan & Investment Co.
2
6-15
...
7-16
6- 4
7-
2
$1,121/3
preferred series 1940 (quar.)
junior preferred (quar.)
preferred (quar.)
Mickelberry's Food Products Co.—
1
7-
6-29
6-15
7-
7%
8-
$1.03'/a
2
2
25c
6%
7-31
$1 conv. preferred
75c
preferred
.
2
Co.,
preferred
8-25
La Salle Extension University,
7-
7-
6%
6-18
7-
6%
15c
6-30
10c
7-2
25c
__™_:—,
7-2
6-30
6-30
6-22
2
34 %c
"(quar.)_
$1.18 s/4
7-31
6-18
2
6214c
Metropolitan Edison,
5c
Plant-Choate Mfg.
7- 3
6-18
2
7-
$1.50;
(quar.)
(quar.)™™..
Meyer-Blanke
13 Vic
preferred
Crosse
20c
2
7-
; $1.50
pfd.™.
Storage 6%
'
preferred
Kobacker Stores, new com. (initial quar.)™
$1.37J/2 preferred (initial quar.)——™
La
Steamship Co
participating
25c
(quar.)
common
La
$$3.75
Cold
&
Co,, -Inc., common
414 % preferred (quar.)
2 Vic
Creamery,
6-11
2
Ice
preferred
7-
;
$1.50
(quar,)™™™—
(quar.)—™
Co... $1.50 preferred
(D. Emil) & Co., Inc.
1
5%
Merchants
7-
-25o
6-12
7-
$30c
2
6-26
*
30c
(quar.)—™
6-10
6-29
2
preferred
2
12-20
$2
6-20'
7- 2
62 Vic
.
7-
1
■;
1st
6-15
1
7-
2
80c
(quar.)
7- 2
8-
$25c
130c
6-20
7-15
7-
$1
25c
.
25c
preferred
514%
8-30
11-28
7- 2
■=:
30c
1st
6%
8-31
43%c
75c
1
11-30
4334c
(quar.)_
Merck &
6-15
7-
$1.12 Vz
12-30
$1.25
8-15
of California—
Acceptance Corp.
(quar.)
7-14
:
$1.50
—,™™™_~—
6-25
9-29
8-15
1
Michigan Public Service Co.—
4%
$1.25
7-
1
9-
(s-a)
6-15
8
3
8
9-
Mesta Machine Co.
6-30
7-
8-
93
preferred
preferred
5%
6-15
7- 2
preferred
6-12
Knudsen
7-
6-29
35c
6-12
6-30*
7-
6-20
50c
2
6-
$$1
2
7-20
75c
2
7-
$50c
6-30
7-
25c
2
Extra
8-17
7-14
Co., common (quar.)
5%
>
Company—
7-14
6-30
2
7-
37J/aC
—-™—
Knapp-Monarch Co., common.™*..—
$2.50 preferred (quar.)
L
$2.70 preferred (quar.)™—__™_._™_™
2
2
(quar.)
7-
6-30*
7-
7-
3714c
...
7-
6-20
1
Co.
7-
6-20
9-
Machine
25c
Klrsch
7-16
6-20
1S1.25
$3
12 Vic
6-21
15c
Co. of North America
Intercolonial Coal.
V 37V4C
4 /%%v preferred (quar.).™**——*
King-Seeley Corp., 5% conv. pfd. (quar.)—
8
2
421/2 C
37y2c
2
2
6-16
7-
preferred
(quar.).—_
7-2
93 %C
7-2
15c
Michigan Associated Telephone Co.— \
6%
preferred (quar.)__„_*
7-14
$1.31 V*
6-14
40c
26c
$1.12(4
Klein
7-
(quar.)—
Kimberly-Clark Corp., common
6-20
7-
6%
3
6-20
7-
6-20
6-20
2
$1.75
6%
3
7-
B
7-16
(quar.
preferred (initial quar.)——
Kentucky Utilities Co., 6% preferred (quar.)
Keyes Fibre Co., 6% prior preferred (quar.)
Kidde (Walter) & Co., Inc
—
6-15
Co.—
shares
7-
7-31
Class
preferred
Mercantile
6-23
7-31
4^2%
11-21
7-
6
7-
15c
...—.—*l™—™....™__
6-15
7-
■
75c
preferred fs-a)__
Meadville Telephone, 5%
6-22
•
6-20
2
7-16
11714c
7%
7-10
2
25c
Kendall
1
8-21
12-
7-
$1.25
.
2
1
25c
6-30
7-10
7-
11714 c
•>
Corp.
Extra
''
$1.75
7-15
~
..
6-11
Common
6-15
7-28
6-15
,7- 2
Mead Johnson &
0-20
2
7
(irreg.)
12- 5
$25c
2
7-
$1.25
9
25c
Petroleums. Ltd., partic. pfd. (s-a)
McQuay-Norris Mfg. 4'/4% pfd. (initial)
6-15
7-
:
Drug Co., $4.50 preferred
5% preferred (quar.)—
Kelsey-Hayes Wheel, Class A (quar.)——-
6-20
9-15
7- 2 A
$1.12Va
Kansas.Power & Light,
6-11
6-30
7-
$1.75
*
$1.12 Vi
preferred
6-15
7-2
Institutional Securities. Ltd.—
and
(quar.)
com,
(quar.).*.™™-*.™™™™.,—,
4J/a% pfd. (quar.)™
(quar.)
Kaufmann Department Stores (quar.)™..™
Kaynee Co., 7% preferred (quar.)
$5
7- 2
$1
•
Stock
(quar.)
25c
Industrial Brownhoist Corp.— 60c conv. 1st preferred (accum.)..
Insurance
preferred
Kansas-Nebraska Natural Gas,
6-15
6-15
12 Vic
McManus
City Power & Light Co.—
'
2
7-15
6-15
6-14
6-21
7-
7- 2
McKay
5
$1.75
(quar.)
6%
9- 5
12-
6-26
,
37y2c
(quar.)....
(increased)™.
(Arthur G.), class B (quar.).
McKesson & Robbins, $4 preferred (quar.).
6-15
7-2
Machine
(quar.)__
Corp.
(quar.).™
McClatchy Newspapers, 7% pfd. (quar.)
7% preferred (quar.)..
6-20
Indiana & Michigan Electric—
Ingersoll-Rand Co.,
12-15
15C
7- 3
$1.25
$3.75
6-14
$50c
Industrial Rayon Corp., common (quar.)_
Silica Corp., 6Va% pfd (accum.).
i
9-15
2
1
Industrial
1
15c
2
$1.25
Corp.
May
u
:
'
50c
McKee
2
15c
4i/e'% preferred (irregular)
;
Indianapolis Power & Light, com. (quar.)
5% % preferred (quar.)
Indianapolis -Water, 5% pfd.A(quar.)__
Independent* Pneumatic Tool Co.
7-18
7-
& Chemical Corp.—
(irregular)....
preferred
6-20
1
7-
$1.50
™„™
2
8-
7-
(quar.)
-
7-
20c
6-21
7- 2
50c
Massawippi Valley RR. Co. (s-a)_*,_
Department Stores, common..
1
2
62 Vac
6-29
y
••
50c
Massachusetts Investors Trust (irreg.)
2
7-
$1.25
35C
preferred (quar.)
Imperial Chemical Industrial, Ltd.—
Ordinary shares (final)
Imperialle Fuels, Ltd., 6% pfd. (s-a).__.™
Imperial Life Assurance Co. of Canada (quar.)
Incorporated Investors
67-
preferred B (quar.)..—**-—**—,™_—
City Public Service, 5% pfd. (s-a)™
Kansas Electric Power Co., 5% pfd, (quar.).::
Kansas Gas & Electric, 7% preferred (quar.)
60c
4 Vi %
2
7-16
7-15
$1.50
50c
Illinois Commercial Telephone Co.—
$4.75 preferred (quar.)
7-
50c
$1.75
Hutchinson Sugar Plantations
Illinois Municipal
1
$1.50
;
6-25
-
(quar.).
7%
1
$6
$1.50
,
6-
6-
Kansas
7 Vic
5% preferred (quar.)
Hydro-Electric Securities Corp.—
5% preferred Series B (s-a)
Illinois Central RR. Co. (Leased Lines)—
4% guaranteed (s-a)
6
2
7-16
$1.75
.™„„„™:
7-
7-
$1.25
(quar.)
Common
\
Huttig Sash & Door Co.—
5% preferred (quar,)™,
50c
$1.25
8-1
_
Mortgage
7-18
$1.62'/2
(irreg.)™
(interim)™.
Erie
1
Kansas
——™—.
Corp.—
8-
6-15
50c
6;%-preferred (quar.)—™.*,™™.—.—_™
Hunter Manufacturing, 6% preferred (s-a).
Hunts; Ltd., class A (interim)
.
$1.06 Vi
6-22
40c
3% % preferred (initial quar.)__—1
Howard Stores Corp., 51/4% pfd. (guar.)™J.
6-11
7- 2
$$5.25
Co. (bfj) (quar.)..,
Corp., common*—™.—
2
7- 2
.
&
7-
„
-6-30
J$6
■
(M.) Sons (quar.)
Martin-Parry Corp.
Marven's Ltd., 5% preferred (initial quar.).
Maryland Drydock Co., common (quar.)..
6-11
$1.75
6-23
7-3
25c
6
6-23
,
30c
Marsh
6-11
2
i
(quar.)
Calculating
Oil
Midland
Marlin-Rockwell
50c
——™—™™™
Finance
6-15
6-22
2
6-
■
:,7- .2.
(quar.)
Maritime Telegraph & Telephone Co., Ltd.—
Common (quar.)
7% preferred (quar.)
6-15
7-
7- 2
•
7- 2
Mapes Consolidated Manufacturing (quar.)
Marion Reserve Power, $5 preferred
Marion Water, 7%
preferred
75c
25c
& Hardart Baking
:<
5-31
7-
,
6-20
7-15
Manufacturers Trust Co. (N. Y,), com, (quar.)
-$2 convertible preferred (quar.J™.....™
3
$1.50
6-20
■
■7-2
50C
,
7-
$1.37 Vz
r
•
Marine
2
■
1
$1.50
(quar.)
(s-a)
Margay
$1.75
—
Vegetable Parchment Co.—
Kalamazoo
Ont.)
Marchant
(E.) Sons, 5% preferred (quar.).—
Stove & Furnace Co. (quar.)™.
Common
25C
Hodver Ball
6-30
(Hartford,
(Toronto,
5-31
2
a
$1.25,
*
7-
•
40c
(quar.)
5-31
Kalamazoo
7- 2
$1
——
2
7-16
$1.75
preferred
5-31
7-
6-20
Manufacturers Life Insurance Co.
1
& Kokenge Co
Julian
Ltd., 7 % pfd. (accum.)
Home Dairy Co., common (irreg.)_'_——_™*.
80c preferred (s-a)_
„—™—i.™_™
Home
Telephone
&
Telegraph
Co.
(Fort
7% preferred (s-a)—_™™___™*.™r*.
Househhold
6
convertible
3
7-
6-15
.
3
.; - 7- 2
2
7-2
7-
$6.25
.
3
$1.50
,
9-21
,7- 2
.....
7-
$2.50
>
12-22
$3
common
xiy4%
(quar.)
—,
preferred class A (s-a)—.
Jeanette Glass, 7% preferred (accum.),
Jersey Central Power & Light. Co.—
5V2%
preferred (quar.)
6% preferred (quar.).
7% preferred (quar.)
Jewel Tea Co., Inc., 414% pfd. (quar.)
Jones & Laughlin Steel Corp., com. (quar.).
5% preferred class A (quar.)
—
5% preferred class B (quar.)„___—
Joplln Water Works, 6% preferred (quar.)_
6-15
(quar.)
RR.,
7-
5%
6-15
Co.
.
Coal
7-
X$1.75
1st preferred
6%
9
H,)
xiy4%
,——
6-21
1
10-
75c
Xl3/4%
5%
9
7-16
(quar.)
7%
6-20
40c
preferred
7%
6-30
77-
20c
6-20
i-
60c
:
2
...
Inc. (quar.)
Air Chute Co.,
7-2
1-2-46
$1.75
....
$1.20
'6-22
$1.75
..
....
8-10
11-10
'
6-30
2
7-
$1.6214
Central-RR., 6% prior pref, (quar,)..
Manning, Maxwell & Moore
Mansfield Tire & Rubber—
T
/,
'
1
1
30c
2
7-14
:
c
$1.6214
(irreg.)
5%
6-20
7-2
9-
;
■
$1.62 '/a
Maine
12-
30c
6-30
(quar.)__;
6-20
6-30
7-16
$1.50
..r
2
8
7-14
Co. (s-a).
preferred' (s-a)__*;_.
Mahoa ,(R. C.) Co. $2 class A pfd.
6-30
7-16
•
7-
8
6-
6-30
2714
6-20
:
7- 2
•
(R.
6-
7-25
7-
Publications—
Mahoning
6-20
—
Quarterly
6-13
?- 3
:
Macy
6-15
$1.50
Irving Trust Co. (N. Y.) (quar.)™.
Island Creek Coal Co., common (quar.)
25c
6-15
7-2
$1.75
9-25
$3
7- 2
V
6-15
7-2
3114c
1st pfd.
$1.50 partic.., preferred
'7-14
•
$1.62 V4
6-25
Macfadden
10c
$1.50
'
6-
$$1.50
Holt Renfrew & Co.,
*•6-15
7- 2.
•
Co.—
pfd
conv.
(G.) & Sons, 7%
$1,75
(quar.)
preferred (quar.)
$7 preferred '(quar.)
Iron Fireman Mfg. Co. (quar.)
Co., Inc.—
$ 1 -class A
pfd.
1
Hin'de & Dauch Paper Co. of Canada (quaf.)
Holland Furnace Co. (quar.)_—:__„™*.™™
&
Light, 6%
2
30c
(Henry)
2
preferred (quar.)™„™™™__.*^™™
Service Co., common™™..™™
preferred (quar.)—
2
$50C
Cpnn.)
(quar.)—,—;
————
Harfman Tobacco, $3 preferred (quar.)™.—;
Hat Corp. of America—
6 Vi %
preferred (quar.)
Hatfield-Campbell Creek Coal Co.—
5%' non-cum. partic. preferred—™™™
Haverty Furniture Cos., Inc.—
$1.50 preferred (quar.) ™_i._.
Hazfel-Atlas Glass - Co. (quar.) ™_—™™™_
Heiena Rubenstein, Inc.," class A (quar.)—_
Helme (Geo. W.) Co., common—_™™™*.™.
7% preferred (quar.)—™™—_™.—„_>*
Henkel-Clauss Co., $6 preferred (quar.)
Hibbard Spencer Bartlett & Co (monthly)™
Hickok Oil Corp., 7% prior pfd."(quar.)™5%' preferred (quar.)—-™—™_™™™*;
Hilo Electric Light, common.
—
7-
Manufacturing
non-cum.
2nd P^ferred Tquar.)™*.
6-15
Public
$6.50
$6
(quar.)
2
75c
7-
.
™.
/ '7-
preferred C (accum.)_.„*._—
&
2
8iy«e
preferred B (accum.)„™_*.*.™_.—
Power
Valve
514%'
Mabbett
87 Vic
—^*.._™
7-
(quar.)™—*.
Co.
Insurance
Fire
;
20c
...
20c
/™-*-
(accum.)—i
5%
Ludlow
Light & Power Co.—
preferred A
50c
(quar.) __
ifo preferred class A (quar.)_
rr.
10-
,
4%
Harrisburg Gas, 7% preferred
Hart & Cooley Co., Inc
Inc._™_„™a.
$1.25
—
(NY)
Insurance
Mutual, Inc.—
Electric
"C,"
$1.25
$i.06y4
'•
(s-a)—_—
dividend)
(stock
Fund
Investors
6-
(stock dividend)
B
conv.
7-14
.
6-23
$1.25
6-15
6%
1
Investors
7-
.6-25
7- 2
$1
preferred; $100 par (quar.)
preferred, $25 par (quar.)
7-16
Investment
6-15
6-15
8-
$6 preferred (quar.)™
(quar.).
Foundation, Ltd.—
preferred (quar.)™
6-23
7-14
3714 c
7-16
6% preferred (quar.)_.—————_
Harming Carpets, Ltd. (s-a)™;.——Harris Manufacturing Co.—
Int'l
8-
A-
7-3
25c
13c
2
2
Harbison-Walker Refractories Co.—
6%
87'/2C
(quar.)™*.™
1-2-46
$1.75
1_
t75c
7-
7-
of California-
Co.
Oil
Hanover Fire
8%
6-13
12-22
8
40c
„
common™.
6-15
—™™™™*.™™
(quar.)
4Vst%, preferred
Interlake
1
Co.,
8-15
Hammermill Paper Co.—
Insurance
7-
(P.)
2
™_™—
$13
$1.75
7%: preferred, (quar.)
Louisville Gas & Electric
9-21
$2
.
*
Lorillard
9-1
—*.—-—:—*•'
$6 preferred
Halifax-; Insurance
&
.!
6-15 V
25c
pfd. (quar.).*
6%
(quar.)
Corp.
ClaSS B
8
6-15*
$1.50
2
^alle Bros. Co.,' $2.40 conv. pfd.
"Haloid Company
Huron
6-
2
■
Department
25C
Horn
3
7- 2
50c
45c
Telephone,
$$2.50
Holt
$3.50 pfd.
7-
:
7-
/
6-22
1
i5c
*.
Interstate
3
(N. Y.) (quar,)
—~
Guardian Realty Co. of Canada—
>.1% preferred (accum.)™™*.™*.™*.;——Guarantee Co. of North America (quar.)—*.
Hartford
t$1.75
6-
2
50c
——...
Corp..._.„™..*..^.
Corp.—™*..u_*.™™_™..*.1*.._.
Long Island Safe Deposit Co. (s-a)
Lord & Taylor, common (quar.)
Intertvpe Corporation
7-10
Guaranty Trust Co.
A
Ltd.—
Aircraft
$2.
Candy
Interstate
6-20
7-
—™™_™™™™->-
System'1,
Water
Gruen Watch Co.
Class
8%
9
$3
convertible preferred (quar.)
*™
Greyhound Corp. (Del.), common (quar.)™..
iVt% preferred (quar..)™*:.——
—
Griggs Cooper & Co., 5% pfd. (quar.)„
5% preferred (quar.)
.—
——*
Griesedieck Western Brewery Co.—
—
Class
Loft
9
50c
5%%
Hancock
Lockheed
6-15
6-
7-
Bros. Cooperage Co., $3.20 CI. A
Griesedieck" Western Brewery Co.—
Gulf Oil
7- 3
7-16
7-
$2
6-
2
50c
$l|25 participating preferred (quar.)™™~
•
I
7-21
6-21
.
*6-25
JO-
75c
2
24c
Grief
7-14
7-12
7-2
\V"
......»;—
2
$1.50
L—
1
$2
(quar.)
(quar.)..™*...,
7-
8-
Co.
Corp.,
preferred
8-1
3
8% preferred
(quar.)....
7-
$15c
™
of item
8-
.
20c
v
i
•™_™__..*.
preferred
7-
preferred (quar.)—™
—
■—
Green (H. L.) Co. (quar.)__™
Greenfield Tap & Dye, $6 preferred (s-a)™
Greehing (B.) Wire Co., Ltd. (quar.)™™™
Greenwich
Semi-annual.
Lock Joint Pipe Co.,
7-
6io
Greepwich
6-29
40c
(irregular) —
Co., common
(Daniel)
Green
Holder r
$1.1214
$1.75
(quar.)
common
(quar.)
preferred
7%
,
Sugar,
Western
,
.
A(quar.)
$$3.75
Quarterly
Great
Utilities
Int'l
'
8-10
7-14
'
$1.50
(quar.)™_*^
International Silver Co., 7% pfd. (quar.)_.
6-30
7-16
J
t8%c
(accum.)
preferred
International Shoe
4*1
1
8-15
J$1.75
International Salt Co.™.-*-™.*,*,*™™-™^**
,
(interim) ™*.
Great
8-
,
25c
International
(quar.)
Y.)
When
Payable.
:
Share
Liquidometer Corp. (quar,)...
™
Lit Brothers, 6% pfd. (aceum.)._.__.__*_™
Little Schuylkill Navigation RR. & Coal Co.—
8-10
-t$l
preferred ($100 par) (quar.)™_™«™
preferred (85 par) (quar.).™*,.
Ocean Telegraph (quar.)—
7%
2
7- 2
7%
1
8%
35c
—
(N.
4%%i preferred
Co. of Canada-—
Nickel
25c
(quar.)—.
American,
5%
Great
6-11
3
8-15
$1.50
convertible preferred
6%
8-
25c
preferred- A (quar.)___
™.—
5% convertible preferred (initial quar.)™
Grand & Toy, Ltd. (interim)
:—
Grant (W. T.) Co., common (quar.)
™-,
5%
"
$1.50
—«*™™
(quar.)
(quar.)..,
6%
convertible preferred (quar.)™™™™
International Milling, 4% preferred (quar.)-
.Fisheries
Name of Company
.
'
*63c
Graham-Paige Motors Corp., 7%
7-
per
.
oi fiec*
Liquid Carbonic Corp.—
J35c
(interim)—-—
J 62 tic
Gorton-Pew
Holdert
»
'
(quar.)—_—:_
Common
Payable
International Metal Industries—
6-30
7-14
When
Share
Name of Company
oi Hoc,
Payabi*
30C
Goldfen State Co., Ltd.
—
Goodyear Tire & Rubber of Canada, Ltd.-—
Per
fJoldert
When
Per
Share
Name oi Company
;
i
Monday, July 2, 1945
7-14
37 Vic
7-2
,
6-30
6-30*
6-30*
6-16
conv.
Morris Plan Corp.
of America—
'
6%
preferred
(series
1931)
(quar.)_
15C
2
Morrison Cafeterias Consolidated, Inc.—
7%
preferred
(quar.)„:
Mount Carbon & Port Carbon RR.
$1.75
(s-a)™..
7- 2
6-23
$1.25
7-12
6-29
>
Per
Name of Company
Extra
...V
«* n. — -r «r»
4* f
*4
6-15
7-16
Ralston
50c
7-10
6-15
3%%
5%
>—
Extra
.
10c
2nd
prSferred
7%
(quar.)
(quar.)—
Nation-Wide
Voting
Securities
Co.
(Md.)—
Automotive Fibres,
National
6-15
Inc.—
6%\convertible preferred
(quar.)—.
I5e
National
Department Stores Corp.
National
Electric. Welding
Conn.)
Fuel
National Lead
Co., 6%
National Linen
National
Service
1
1
National Refining'Co.,:8%
National-Standard
National
7-
2
7-
2
6-25
7-16
6-30
Nehi
Corp.,
7-
2
6-
7-
2
preferred
$2
$
6-15
7-31
6- 5
Pennsylvania Water
7-
2
6-15
7- 2
6-15
6-15
6-15
Peoples Gas Light & Coke Co.
2
2
6-21
7-
6-16
7-
:
2
8-
1
8-
1
7-
2
7-
2
7- 2
$1
$1.50
2
6-15
6- 4
$1
7- 2
$1.75
7* 2
6-11
$1.75
7-2
6-15
New
Orleans
Public
RR.
Co.
Service,
(quar.)——
(quar.)
■■■
4%%■ preferred '(quar.)—Ji———
Newport Electric Corp. 6% pfd. (quar.)
Newport News Shipbuilding & Dry Dock—»
$5 convertible preferred (quar.)—
v
:
35c
7-2
$1.18%
$1.50
7-2
6-22
7-
6-15=
New York & Harlem
•
-
10%
preferred
Nicholson
Noma
$6
1st
$6
1st
North
File
for
of
each
(quar.)——
Pacific
Gas
shares
100
$1.50
(quar.)
Co., common
5%%
&
held
Elec.
.7-2
——
(quar.)—
—,,
7% pfd. (quar.)—
71%C
North American
North Carolina RR. Co., 7% preferred
North Central Texas Oil Co, Inc
Star
Texas
6-
2
2
6-15
Extra
8-
15c
3
6-
7- 2
50c
7n 2
6-22
$2
7-14
6-30
————
Ry. Co. (s-a),:,—'i„—
Corp
common (quar.)—,
*$1.50 convertible preferred (quar,)—
Central
Northern
States
Power
Co.
(Del.)—
preferred
Co.
6%
8-i
1
6%
Pratt
7-
2
$1.50
7-
2
6-20
7- 2
6-20
7-
6-U
37 %C
2
6-30
(Increased ..quar,).:
0-30
$1.23
,_-i-—
7-
2
'J———-—
•
Quarterly
7-
2
$1.50
$2
NH
&
H
RR.
,
(quqr.)
.
5%
.
'
8%
7%
Ohio
Co., 4%% preferred
preferred (quar.>___
Leather
Co.
preferred
common
(quar.)
50c
3
7- 2
7%
preferred
5 %
7-
6-15
25c
6-
7-
2
2
7-
2
7-
2
7- 2
7-16
7-15
7-
Paper
Co.,
pfd.
(s-a).
25C
7-
2
6-18
ey4c
..
7-
2
6-18
7- 2
6-18
62%c
7-14
6-15
$2.50
7- 2
6-20
6-20
6- 2
r7—
6-15
$2.50
7-
6-13
$$1.75
7-
6-15
2
7- 2
7-
2
6- 9
6-
9
7%
6%
preferred (monthly)....
preferred
6%
-
7- 2
6-20
6-15
J
58 %C
7-
2
6-15
50c
50C
(monthly)
-
preferred ..(quar.)—
Publication Corp., 7% orig.
$1.25
pfd. (quar.) —
Puget Sound Power & Light Co.—
$5 prior preference (quar.),——.
7-
2
6-20
7-2
6-20
5%
preferred
$2.50
7-
2
6-16
6%
preferred (quar.)
$1.25
7-
2
6-20
$1.37%
7-
2
6-20
Purolato.r Products, Inc
Putnam (George) Fund
$1.50
7- 2
6-20
Quaker
Oats
$1.75
7-
2
6-20
Quebec
Power
$1.25
7-
2
6-
8
50c
8-15
8-
1
59 %c
8-15
8-
1
Pure
Oil
2
8-13
7-16
6-15
8-15
7-13
7-
2
$1.75
7-
2
6-20
$1.25
7-16
6-20
7-
2
$1.25
(quar.),,
Co.
6%
—
$1.50
7-
(Boston)
(quar.)
(quar.)—
Quincy Market Cold Storage, 5% preferredRadio Corp. of America, $3.50
pfd. (quar.) —
Radio-Keith-Orpheum Corp., 6% pfd. (quar.)
2
6-
8
7-2
6- •
2
6-20
7-20
6-30
10c
preferred
6-15
2
6-U
20%
8-
2
6-15
30C
30c
7-
7-
pfd.
(s-a)
6-22
2
$2.25
..
6-15
,■
7-2
1
6-25,
7-1
23c
7-
$1.25
6-13
1
2
e-ia
.
.
6-ii
class A
Flour
Mills
6-15
7- 2
$1.25
$25c
7-16
6-23
$35c
(accum.)
Co.,\Ltd.—
——^
8-
6-30
8-
$$1.75
(quar.)————,
1
1
6-30
7-16
2
6-15
7-
$3
0-23
7-
$75c
2
6-15
(s-a)_——————
$1.50
62 %c
7-
2
$1.25
7-
2nd
preferred
Francisco
Remedial
Loan
Assn.
,
6- 0
6- 9
7-15
7-.1
75c
(s-a)—
2
$5
Jose Water Works, common,———
Manufacturing
12-31
12-15
50c
(quar.)——
7-
6-ll
2
17 %C
::
9-29
9-20
12-30
12-20
':l—
7-
——
50c
8-
1
;
50c
7-
2
-
$1.50
7-
2
6- 4
7-14
6-22
25c '
■v.-
9-30
8-15
:
9-20
2
6- 9
7-
2
6-
7-
2
6-15
7-
2
6-15
7-
2
,6-19
7-
2
1-
6-19
(
.7-, 5
7-
31V4c
62c
$1,25
$1.37%
$1.12%
1
7-15
15c
7-
i
7-
15c
—
2
>
i
2
>
,6-14.
6-15
5c
7- 2
f
6-18
5c
7- 2
7-
—,—,
7-
$1.25
.,
r
'
7-20
8-25
$230
(quar.),,——_——
15C
7-
$3C
7-16
Ltd.
Mines,
Steel
$2.50 preferred
87-
,
15C
9-
..
6-30
8-20
1
9-
7-19
6- 8*
7-28
$30c
6-23
6-30
3
62 %C
—
.
1
$$1.75
(interim)————
(quar.),—.
2
$15C
Strapping———
6-18-
,
ti 6-16
2
Sheep Creek Gold Mines, Ltd. (quar.)——
Sherwin-Williams
(Canada), com,.(interim)
7% preferred (quar.)————————
Signode
6-15
!
7-10
HOC.
$1.25
$5 preferred
(quar.)—
Power Co.——
Association
9
6-15
1
7- 2
55C
Common
(quar.)
—;
Shaffer Stores Co-» common——————,
5% preferred
(quar.)——
Shamrock Oil & Gas (quar.)—
:
6-15
7-2
$1.37%
Water
6-15
2
10c
(quar.),,,—
Sh&winigan
6-22
2
$1.25
$5.50 preferred allot, ctfs. (quar.)——-,
Radio Corp.———
Corp.,
6-15
7-14
$3.50
Sentinel
7-20*
7-
.$1.75
$3
.
Steel
1
7-
50c
———
preferred (s-a)
———-———
preferred (s-a)„——
—
7% 2nd preferred (s-a),—————
Seagrave Corp., 5% preferred (quar,)—
Securities Acceptance Corp,. common (quar.)
5%
preferred (initial quar.)————*
Seiberling Rubber Co., $2.50 pfd. (quar.) —
5% preferred A (guar.)
Selected Industries, Inc.—
1st
Extra
6-25
6-29
7-20*
$1.12%
3%%
prior preferred
2
7-12
8-
-
—
$5.50
6-9
$1
$1.25
Manufacturing Co. (quar.)
Co., $6 preferred (quar.),
Scruggs-Vandervoort-Barney, common (s-a),
0%
6-20
2
7-
$1.37%
Co
6-13
7-
$1.25
Electric
2
7-1
25c
& Atlanta Ry. 5% pfd.
(quar.)—
Sugar Refining Corp. (quar.)——
1
preferred (initial quar.)
Simplex Paper Corp————
7-
15c
$1.50
8-31
8-1
$25c
8-25
7-20
$1.25
8-
7-
2
$1.50
8-1
6-U
7-20
Oil
5%
10c
;
50c
preferred
8-10
8-20.
—
7-
$1.50
7-30
7-20
preferred
A
—
27c
7-16
7-31
6-
^
6-12
6-12
7- 2
$25c
$$1.50
7-14
7-31
6-^9
2
Co.—
convertible
»•
7-2
50c
-
(quar.),
7-
$1.25
6-15
6-30
r
2
$1.25
(quar.) —
preferred A
Aircraft
8-15
8-10
40c
(quar.),,
..
7- 2
$1.75
—
City
(quar.),
SmitL (L. C.) & Corona Typewriters, Inc.—
Common
(quar.)
——
$6 preferred (quar.)
—;
Smitn (Howard) Paper Mills, common—,—
Solar
:
25c
Corp
Gas & Elec. 7% pfd.
Common
(quar.)
Skenandoa Rayon, 5% prior pfd.
6%
1
87 %C
Sioux
7- 2
$$1.25
5%
Sinclair
Co.—
Co.,
2
Silverwood, Western Dairies—
5%
6-20
2
—
(quar.)
preferred
3%
Sigma
1
Public Service Co. of Oklahoma—
7- 2
$2
^._
7-
2
of New Jersey—
(monthly),.
preferred
preferred
Sharon
7-
.
7-
,
Seyen-Up Bottling (St. Louis)—
5V2 % conv, .preferred (quar.)—,,—
7-
50c
6-15
(quar.)——
Heating & Lighting Co., Inc.—
Lawrence
Shawmut
....
7- 2
$1.25
7-10
7-
6-25*
(N. Y.)—
—
6-15
7-
5-31
.7-
41%C
2
25c
7-14
$2.50
$37 %c
preferred (monthly)
preferred (monthly)
6-15
7-
$1.25
7-1
10c
(quar,)..——
7% pfd. (quar,)
2
$1.12%
Servel, Inc., $4.50 preferred (quar.),—
$5c
.....
RR.
Ltd.
1
$5e
——
Worcester
6-14
7-
Scranton Electric
*
6-15
50c
?"
7-16
6-20
20c
7-
'?. $1.25
'Scovill
6-20
7- -2
$lc
6-20
7-20
Schenley Distillers Corp., 5V2% pfd. (quar.)
Schuylkill Valley Navigation & RR. (s-a)-,
Paper Co.; $4 preferred (quar.)—_—
$4.50 preferred (quar.),,
6-20
$75c
2
7-2
25c
Scott
6-15
7-16
6-21
6-12
;
(quar,)———
Extra
(quar.)...'
(interim)
Car
Sangamo
6-25
62 %o
7- 3
50c
preferred
Savannah
0-2O
$$1.50
7-16
■-
62 %c
Corp., common—,'
class A (quar.)—.
Tool
&
Savannah
6-21
7- 2
■S1
2
17 %c
6-20
50c
1
7-
(quar.)————
San
6-30
2
8-
$50c
5%
Co.,
San-Nap-Pak
6-30
7-
17 %c
(quar.)
Co.
San
6-15
7-11
J
6-18
Regis Paper, $2.50 prior pfd. (quar.),,5% 2nd preferred (quar.)——
San Antonio Transportation Co.——
6-15
7-
6-18
2
$3
St.
1
45c
$1.75
Holding Corp., $5 pfd. (quar,),
Oklahoma Natural Gas, common (quar.)1—,
4%% preferred A (quar.;—,
$1.12 Vi
$1.25
(quar.)
Ohio Service
2
2
2
7-
$1.25
———
&
Gear
7%
6-22
7-
7-
7-
St. Lawrence Paper Mills Co., Ltd., 6% pfd.
St. Louis Bridge 6% 1st preferred (s-a)
6-23
2
7-11
S2
Co.
preferred
Co,^
Public Service Corp.
6-11
$1.10
6%
~.
6-19
7- 2
—
2
7-
■
25c
Cotton Mills,
6-29
7-
,
7-10
7- 2
$1,25
preferred (quar.)
Ltd., common (quar.),—
(quar.)—.—
Common
6-11
7-21,
6-15
6-11
'
—
4%
6-11
2
9-15
5
7-10
Joseph Ry., LightT Heat aT Power—
preferred
(quar.),,,^——
—St. Lawrence Corp., Ltd.—
St,
6-11
3
40c
Quarterly
r"
6-14
$1.50
Mississippi Telegraph (annual)
Ohio Public Service, 5% pfd. (quar.)—
5Va%
preferred (quar.)—
6%
preferred (quar,.)——,,
7- 2
20c
(increased)
Public National Bank & Trust Co.
7-
{
6-30
7-
50c
(quar.)
(quar.) —
7-2
5%
9-15
7-
15c
—
Provincial
6-25
preferred (quar.);
(quar.),,.—.
6-15
6-15
1
7-25
■
$1.50
St.
'
;
10-
9-15
"
7-
7- 2
10c
2
5c
pfd.
preferred class A
Safety
6-30
75c
—
7-
'
6-30
7-16
$1.75
6-15
5-28
&
7-14
$1.75
2
7-10
(quar.)————
7-14
$1
;
7- 2
7- 3
/.
25c
75c
1
50c
prior pfd, (quar.)——
preferred (quar.)—
5%
1
$2.50
—
1
Safeway Stores, new common (initial quar.)
6-15
:|y$l
1
Inc.^—
(s-a)———
.4!/2%. preferred
6-21
7-
20c
(quar.)-
7-16
Mining
&
—
Ohio
Gold
Providence
—
Ohio Finance
1
2
(quar.),,
6%
Russell-Miller Milling 4xh%
*
10-
6-15
7-
-
6-15
2
partic.
Lambert, Inc
&
9-21
$25c
——
•
Public Service Co. of Colorado—
$$1.50
Novadel-Agene Corp. (quar.)—
Corp. (extra)—-—
Ogilvie Flour Mills Co., Btd., common (quar.)
Ohio Cities Water, $6
preferred (accum.)
Ohio Edison Co., 4.40%
preferred (quar.)
2
7-
1
•:
•Nu-Enamel
7-
,
6-lS
10-
Pendleton, Inc———————
Rolls-Royce, Ltd. (ord. registered)
(final)Root Petroleum Co, $1.20 pfd.
(s-a)—
;
Sulphite
Gas
'
——
62 %C
6-U*
.6-21
1
10-
——
5%
8
7-
Proprietary - Mines, Ltd.
"
—
6-
7-10
,
7-
$1.75
5%
6-20
preferred
providence
Nova Scotia Light & Power Co., Ltd.-"
Increased
2
7- 1
8-
Propper-McCallum Hosiery, 5%
$5 2nd preferred (s-a)„.
Payment subject to receipt of fun.ds^from
NY
7-
50q
50c
10-
7-2
$1
J
•
...v6-15*v
7- 2
20C
Roeser &
6-20
$1.31%
.......
87 %c
2
preferred (quar.)....
non-cum.
2
Telephone
'
6- 1
7-
Price Bros. & Co., Ltd.. 5y2% pfd. (quar.).. $$1.37%
Proctor & Gamble 8% preferred
$2
(quar.)—,
6-21
400
Northwestern Telegraph Co. (s-a)————
.Norwalk Tire & Rubber Co., 7.% pfd- (quar.)
Norwich & Worcester RR., 8% pfd. (quar.).
.
Huron
2
7-
(P. L.),
Rockwood
7- 2
Preston East Dome Mines
0-li
40c
7- 2
1
7-16
—
Northwestern States Portland Cement Co.—•
6-
2
10-22
Co.", Ltd
Prentice (G> E.) Manufacturing, (quar.).
Pressed Steel Car, common (quar.)
5% 1st preferred (quar.)...
5% 2nd preferred (quar.)....——
6-22
$1.75
.
2
7-
50c
Pocahontas
1
7-
5c
River
Dan
Rochester
7-2
—
Co.
8-
25c
$1.37%
(quar.)—
Button
6-20
$1.25
&
preferred
6-27
7-25
/
75c
Chocolate Co.
$1.31V4
———
preferred
Ross
—
6-30
7-
$1.62%
Northwestern Leather,.common .(initial)
,'s. $2.50 preferred (initial)
(s-a)—;
7-20
$0.4739
(quar.)
7-20
7- 2
•_
Co.
Rochester
6-10
2
$1,12%
Atwood Manufacturing
Creek
4%
7-16
$1.31 %
pfd.
<quar.)
37 Vac
v
Porter
7-16
$1.12%,
(quar.)——,—,,
Electric
1
7-
7-10
(quar.),,
Nut &
Premier
preferred (accum.)—
7%
preferred
(accum.)—
Northland Greyhound Lines, Inc.—
$6.50 preferred (initial)
Northwestern
8-
'
.
6%
.*$8.50 preferred
9
25c
;
6-10
$1.25
(quar.)
& Paper Co.—
(quar.)______
(H. K.) Co., 5% pfd. (initial quar.).
Power Corp, of Canada, Ltd.—
6% 1st preferred (quar.)
Port
6-22
—
6-10
12 %c
..
(quar,),—,
W.)
Robertson
7- 2
;•!
$2.50
Pond
6-27
7- 3
25c
Ltd., .7%
Illinois
7%
7-
X
6
(quar.)
Plymouth Cordage Co.
7-?l
$3.50
7-
;
-
Glass——....
6-U
$2 participating A
.V
$1,06 Va
(quar.)
(quar.),,.
Plate
6-ii
2
'
7-18 '
; 6-u;
Riverside Silk Mills—
6-21
Employee's stock
.Pneumatic Scale Corp. common
7%
preferred (quar.)—
6-30
(s-a)
1
15c
Plough, Inc.-(quar.).
6-30
$8%c
Northern
.
7-20
7-20
6-11
6-15
80c
Plume &
i
90c
82 Vac
pfd. (accum.)—,
Northern
,
7-
6-21
2
6%
2
...
preferred
2
7-
$1.75
Riverside
8
$1.06yi V 7- 2
(s-a)
7-
,,
'
7- 2
Planters
6-15
7-
,
Co.;.——„———
Oil,
Common
$1.50
.
5%
7-
25c
^
2
$1.75
6-30
8-
50c
(quar.)———
(quar.)
1
7-
$1.75
6-
7-
.
$1.25
;
(Hartford)
8-
;
6-15
7-14
$1.75
7-16
8-
15c
Company, Inc
convertible preferred (quar.).
Riverside Cement Co. $5 pfd. (quar.),-
2
1
15c
25c
Ritter
..
Co.
6-
——•„—
7-
$1
com.
2
-
7-14
$2.50
8
2
7-
20c
.
2
—.
preferred
6-20
7-
Inc.—
Water Works,
(H.
7-21
8-
'
Bros,
Extra
6-15
7-
Rickel
6-15
Pittsburgh Screw & Bolt Corp. (quar.)
Pittsfield & North Adams RR. (s-a)
Plainfield Union Water
(quar.)
8
87 %c
—;
preferred (accum.)—————;.
preferred
7%
1
6-
Investment Corp.—
preferred (accum.
North
0-
2
7-
2
2
Co., common—
preferred (initial s-a)
Common
6-22
to
~75c
6-15
2
77-
$1
Pittsburgh Coal 6% partic. pfd. (accum.)
Pittsburgh Fort Wayne & Chicago-
6-22
■v
7-
40c
Pittsburgh Bessemer «Sc Like Erie RR. Co.—
\
com.
(subject
(quar.)
preferred
North
$4
6-20
7- 2
6-15
(Albert)
5%
Pittsburgh
Prior preferred (quar.)———.—&■
5%%
Pick
6-BO
7-o 2
——
North-American Finance,
6%
2
7- 2
6-25
2
1st
Richmond
.
Plllsbury Mills Co.—
div.)—
approval of SEC)
preferred
,
$1.50
(stock
'
6%
7-
7-14
25c
3
6-15
'
6-13
7-
30C
preferred A
preferred B
share
6-15
Car Corp.—
American
One
6-15
7-
$25c
Corp;———
Phoenix Insurance
6-15
2
7- 2
$i
Co.
Electric
American
7- 2
75C
7» 2
$25C
(quar.),,,;
Phillips Packing 514%
6-15
$2.50
;•
6-15
6-15
6-25
8-1'
7-
preferred (quar.),.
7% 2nd preferred (quar.,)——,
7% ' 1st preferred (quar.).
7% 2nd preferred (quar.)—,
7-16
(quar.)
Participating preferred (s-a)
Philip Morris & Co., Ltd., Inc.,
4%
preferred
(quar.)
r
5-26
7-2
1
.
7-16
$2.50
(s-a),—
York Mutual Telegraph (s-a)—
New York Trust Co., (increased quar.)
Niagara Wire Weaving Co., Ltd. (quar.),,,,
New
North
50c
(lrreg.)—,—,
RR. Co., common (s-a)
1
7-16
8-
$1.25
Co.
2
1
8-1
2
7- 2
1
—
6%%
7%
6-25
7-
7-
(quar,)
Brass,
7-2
30c
—,——
(quar.)—
&
1
6-27
$1.50
—
Rice-Stlx Dry Goods Co.—
25c
2nd
non-cum.
preferred
11-
,
$1,12%
common,,—
prior preferred A
8- 1
30C
6-11
7- 2
$1
—
preferred
(quar.)
6-20
;
$1.75
6-11
$1.75
...
6-22
,
New York Central RR.
$4
1st
B
6-15
2
Co., common,,.,—,
2
$1.25
Philadelphia Electric Power, 3% pfd. (quar.K
Philadelphia Suburban Transportation—
5%
preferred (quar.)
Philadelphia Transportation Co.—
v
' \
Inc.—-
Common
;
$4.50
Pfd.
6-15
,Jr
.
1
7-
50c
——
7-
12 %c
,—
12-
37 %C
preferred (quar,)—
Rhinelander
Paper ————a—
7-
Gear
preference
9- 1
12 %c
(quar.),
common
5y4% preferred (quar.)————
Reynolds Metals, common,—,
$1.25
;;
common—
7- 2
———
Richman
1
(quar.)—
$5 preference, (quar.),;
Philadelphia Dairy Products Co.—
6-12
7- 2
$1.50
$6
Co.,
Corp.,
6-16
7i
Rubber—
&
9
6%c
6-15
2
7-
6-15
2
7-
$40o
7-10*
$1.25
Company
Tire
Philadelphia
6-26
7-
40c
v:
..
2
Pfaudler
Pharis
7-
6-22
,
Ohio)-
2
$1.25
(quar.)
(quar.)
(quar.)
2
50C
$40c
Revere Copper
$1.50
(quar.)—;
&
4V4% : 1st preferred
414% 2nd preferred
6-23
7-
Co.
Stores
Republic Steel Corp.,
0%
2
7-
6-28
2
7-
87 %C
,
7-
$1.25
7%
Pet Milk Co., common
;
6-23
New London Northern
*
Machine
? 6"15
33'/3c
6%
7-
7%c
35c
(Dayton,
6-14
7-10
20C
(initial),
70C
preferred (quar.)
prior pfd. (accum.).
Marquette 5%
Circle
7-16
——,
Works,
Perfect
7-16
13c
.
Pere
Water
Perkins
60C
$1.50
(s-a}„—i-———
Peoria
6-21
7- 2
12MJC
$1.31'A
t
''
com.
7-15
$25c
—,
Power,
6-15
——
$6
&
6-15
2
(quar.)
(quar.)—.
40c
$5 preferred (quar.)—
People's Credit Securities, Ltd....
Peoples Drug Stores, Inc
New Jersey JPower-& Light,' 4%: pfd. (quar.).
New Jersey Water, 7% preferred (quar.)—
:
-'•(
7-
$2
;;V 7-25
2
7-
;
6-19
25c
2
50c
r
3-15
7-2
—_—
7-
—
:
~
'
prefered (accum.)
6%. preferred
(accum.))
New England Power Co. 6%-pfd. (quar.)
New Hampshire Fire Insurance (quar.)——
New Haven Water Co,
(quar.)
8-15
35C
—
Common
7- 2
New England Fire Insurance Co. -(quar.),—
New England Power Association—
: j
12-15
2-15-46
5%
preferred (quar.)
Pennsylvania Power Co., $5 pfd. (quar.),,,.
Pennsylvania Power & Light Co.—
$5 preferred (quar.)—
preferred (quar.)—,:
$7 preferred (quar.)—
Pennsylvania Sugar, 5% preferred
$1.62I/a
9-15
35c
>
,
—
I
12 %C
7-16
.
10"
7-
1GC
*
preferred (quar.).
Remington Rand, Inc., common .(quar,)
$4.50 preferred (quar.)——,
Republic Investors Fund—
6% pfd. A (quar.)—,
Lives &
on
25c
,
6-15
$1,12%
(s-a)
$1.25
(quar.)—__—_—
B
Co.
6-30
8-
15c
common———,
Traffic
$15
8%c
Extra
•6%
1
pfd. (quar.)—,
1
50c
(s-a)—,—
pfd.
7-20
Jio-
(quar.)———,—'
Corp., Ltd. (quar.),,,
7-
6-16
$1.25
7%
'
6- 8
$1.50
$5.25
preferred
(quar.)—,——
Newberry (J. J.) Co., common (quar.)—
Newberry (J; J.) Realty Co.—
.
6%% preferred A (quar.),,
6%
tSOQ
*3?J/aC
,,
50c
Qranting Annuities (Phila.) (quar.),,
Pennsylvania Edison, $2.80 pfd. (quar.)
$5 preferred (quar.)
Pennsylvania Glass Sand Corp.
6-20
20c
Refining
Sugar
Penn
7-21
50c
preferred (s-a)
6-30
Co.—
4V2%
Corp.
Pennsylvania Co. for Insurances
i
8-1
Electric Switch
Penn-Federal
7- 2
Co.
National Steel Car
$1.40
Penn
7-14
Corp—
Paper & Type, 5%
Radiator ■ Co.—
National
7-28
5
$1.40
6-29
7-16
pfd. B (quar.)
$6c
(initial)—
2
quarterly
preferred (quar.)
Reliance Manufacturing
2
2-
7-14
8-
preference
■■
7-
7-
Co.—,_
(quar.)
preferred
preferred
5%
5
8-
(interim),,
(quar.)——
National Investors Corp. (Md,) (lrreg.),,,.
$1.50
Reliable
6-15
4
65c
National Grocers, Ltd., common
4-
6-14
1.
8-
6-13*
'/
2
11-
1
:
Reduced
7-
7-14
6-21
$1.50
8%c
non-cum,
7-
$1
9-1
7- 2
7-12
(quar.)
$1.60 non-cum,
Reliable Fire Insurance
5
11-15
7-
50C
$1.60
$1.40
(quar.)—,,,
9-15
50c
———
$$1.25
class Ar (quar.)—
class A. (quar.)
class A (quar.)——„
*
'
Machine
preferred
Reeves-Ely Laboratories, pfd.
Regent Knitting Mills, Ltd.—
6-15
2
35c
6-13*
50c
(irregular)—
7-
7-
8-15
6-13*
Button-Hole
Drug Co., common
7%
6-30
7-16
1-2-46
1
(quar.)—
7-14
50c
$3iy4c
4-1-46
1
—
Co.
Gas
$1.50
(quar.),,
35c
(Hartford,
Folding Box, common
6-30
50c
12 Vac
'(quar.)
National
National
6-15
50c
Machine—
Co.
Insurance
2
7-16
(quar.)
7-
20
National Fire
6-29*
7-
$1.40
—
(quar.)
7-16
50o
$1.25
Common (quar.)
7- 7
class A
Inc.,
Oreille Mines & Metals
Common
8
-7-
(s-a)
City Bank
City Lines,
2
6-
(quar.),.
York)
(New
National
7-
6- 9
6-30
50c
Reed-Prentice Corp., common——,
7% preferred (quar.)
——,
6-8
3
25c
25c
National
6-15
6-15
7- 3
$1.75
——
6-15
50c
Peninsular Telephone Co., common (quar.),.
Common (quar.)
11- 8
$1.75
(quar.)
Register
preferred
7-1
7-
•$44c
..,
4%
Cos.,
Reece
Reed
"
8-10
9-
'v t50c
—
1
12-1
15c
convertible preferred (quar.),—,,,—
Breweries, Ltd,, common (quar.)—
preferred (quar.)
National Candy Co,, new. common (quar.)—
7%
1st
preferred
(quar.)
7% 2nd preferred (quar.)
:—
Cash
A Paraffine
1
-
6%
National
.
A Pend
National
7%
6-15
7-2
25c
shares,:——,—,—:
trust
preferred
6-15
8-15
50c
6-30
7- 1
37 %C
Hosiery Mills, 7% pfd.
(accum.),
prior preferred A (quar.)—
Pump Co.
(irreg.)
——
5%
Reda
1
1
7-25
Real Silk
Class A
Old common (quar.)—
Panhandle Eastern Pipe Line Co.—
5.6% preferred (quar.)—
—
,
6-20
37y2c
pfd. (quar.)
$1.50
(initial quar.),
Co., common (quar,),,,,
2
7-
(quar.)—
$5 preferred (quar.)
6%
Tel.,
6-15
37%c
Corporation (quar.)
'
Page-Hersey Tubes, Ltd. (initial quar,),„„
93%c
.(s-a)—
&
4-25
6-30
Purina—
preferred A
7-
$1.37%
;
Packer
■
Duparquet, 6%
&
Pacific Tel,
50c
$1.75
,
-
*
guaranteed
preferred
Strauss
Gas
1
6-30
7-20
(quar.)
9-
$1.75
Telegraph (s-a)^_,
Electric (quar.),.—
Pacific lighting, Corp.,
4-25
7-
preferred
Rapid Electrotype
Rayonier, Inc., $2 preferred (quar.>,„„,,,,-,
Reading Co., 2nd preferred (quar.)
Reading Gas Co, (Pa.) (s-a)
i
Atlantic
Pacific Indemnity Co.
$1.25
,——*—
class C preferred
7%%'
Pacific
25c
&
40c
Nashville & Decatur RR.—
Nathan
Pacific
1
7-2
$1.06'4
$1.12ya
—
50C
1
6-
...
preferred (quar.)—
Paper $5 preferred (accum.),—,,,
Pacific-American Investors, Inc.—
$5.50 qonv. prior preferred (quar.)
preference
(quar.)*„
$2.40
.i—
(Minn.)—
(quar.)—,
$4.50
37 %C
Nashua Manufacturing Co., common———1st preferred (quar.),,—
—,—
Co.
Power
preferred
Oxford
-$1.50
(irreg.),,
Tail
$4.25
9-
7-1
$$1.25
preferred (quar.)——.—
Otter
$1.50
(quar.)————-—
preferred (quar.
Mutual Investment Fund (quar.),,,—
Mutual Investors, 60c prior pfd. (accum.)—
Mutual System, Inc., 6% preferred (quar.)_
$15c
(quar.),.——
1
7- 3
10-
7-20
93%c
Railway Equipment & Realty—
6% 1st preferred (accum.
7-16
$50c
of Rec,
7-20
20c
7- 3
$25c
Hohtert
Payable
5c
5C
8-15
—
;
When
Share
A
8-15
,
6%
.
80c
~ '
common
$25c
Common
.
Narragahsett Racing Association
Class
Corp.,
$$1.75
common—
Oppenheim, Collins & Co., Inc.————
Ottawa Car & Aircraft, Ltd.,,-L
Ottawa Electric Ry.
(quar.)—
Ottawa Light Heat & Power, Ltd.—
of America—
preferred
6-15
2
3
Employees
$$1.25
.
6%
$2
7-
7-
10c
—
Home of Company
Railroad
6-20
Ontario Steel Products Co., Ltd.,
7% preferred (quar.),,——
Manufactured Corp.—
$1.75
$7 preferred (quar.),,,,.,— if rry*r"m •*»*—*
T**
$1,75
$7 preferred (quar. )„,,,,«».:———,■
$1.18%
Murphy (G. C.) Co., 4%% preferred (quar.V
$20c
Murphy Paint Co., Ltd., common (quar.)—
t$1.37V2
5% %
preferred (quar.)—,-,—.*
—
i- 30C
Murray Ohio Manufacturing Co;,,v—' ;
Muskegon Motor Specialties—
\
;;.V 50c
$2 class A (quar,).,,,,—,,,,, "B *9" »*-•**» <-!**! *•
.
common,,—-
Per
of Rec.
7-,2
7-10
Corporation, 8% pfd. (quar,),,—
Ontario Loan & Debenture (quar.)
f ** *«f«■»
Mullins
Mutual Chemical Co.
Inc.
$5
(quar.)—
Holden
When
Payable
Share
Omnibus
jw r* *r
*?
Colony Insurance.Co.
Omar,
.'(initial)
Royal Uotol# I^td*
Mount
— •** •*
V*
w
Old
Development Co.
Mount Diablo Oil Mining &
Name of Comvanv
i
■
;
6-30
6-30
;|ii|tM(»tl§i^S|!$i|l?y§fl^^
l+wmtbfb' v whwaj^t'
'ft if
THE COMMERCIAL & FINANCIAL CHRONICLE
52
55c
,
Company
Manufacturing
13%c
(quar.)
!„■
preferred A (accum.)..-,
Sorg.Paper Co., 6%
4,6.% preferred B
(accum.)-—..,.....,,
,
1
8-
8-15
7-
2
6-15
$1
7-
2
6-15
62,/ac
7-
2
6-20
$1.50
-y
7%
$P)ith Carolina Electric & Gas Co.—
5%
preferred (quar.)___
Pittsburgh Water, 4%%
South
South
pfd.
:
Pipe Line—
West Pennsylvania
2
7-
$1
7-
2
6-15
7-
2
6-15
50c
(interim)
Sugar, common
(quar.)_
:
preferred
7-16
$1.12 ya
(quar.)
$2
Rico
Porto
8%
South
—~—...—-
7-
2
6-15
Southeastern
•
Investment
preferred
Southern
5%j
series
C
Common
(quar.)
6%' partic. preferred
4i8%
6%
6-20
6-20
$6
'.-.$6
—
6-19
7-16
7-16
S.
6-20
1
S.
U.
(quar.)
8-
S
Foil
S
Gauge
7%
Co.,
$1.25
7-
2
6-15
U. S. Leather Co., 7% prior preferred (quar.)
U S Lines Co., 7% preferred (s-a)
7-13
7-11
U.
S.
9-
1
8-15
U.
S.
9-
1
8-15
U
8-
1
7-15
$1.18%
Sperry Corporation
—;_
Sprague Warner-Kenny, 6% pfd. (quar.)
Sprinlgfield Fire & Marine Insurance (quar.)
7-13
7-
2
6-20
$1.12
7-
2
6-15
,
$1
Pipe
& Foundry
Playing Card Co.
U. S.
6%
6-30
U.
7-16
U.
$1.06%
8-
1
7-16
participating pref. (accum.)
Standard Fuel Co.," Ltd., 6%% pfd. (accum.) !
$2.25
7-
2
6-20
7-
2
6-15
Universal
Standard
$1.25
7-14
6-30
Upressit Metal Cap Corp.,
8%
''4'%%
Ohio,
5%
Class
Paper
Mfg.
pfd.
pfd.
6 %
(quar.)
-
5%
.
Swift
&
Sylvanite Gold
Syracuse
.
;
5%
preferred
common
Tamblyn
(G.)
'Preferred
Teiluride
Tennessee
Texas
Textiles,
5%
Inc.,
Thew
prior
Co.
7-
2
6-
7-
2
6-20
1
$4.50
TiprTop
Tailors,
Insurance
Ltd.
Wesson
8-15
West Kootenay Power &
11-15
8-1
6-18
8-
6-18
1
7-
2
7-
2
7-
2
7-
3
6-
9
Power
6-
8
$4.50 preferred
2
6-15
Western
1
7-10
12%
Mortgage Co.
6-19
7%
8-
1
7-10
Western
Insur.
8-
1
7-10
Western
Pacific
Ltd,
preferred
RR,
2
6-16
Common
2
6-16
Common
7-21
5%
11-
1
10-22
7-16
7-
7-2
(s-a)
,
5%
6-15
preferred A
5%
2
preferred A
2
6-10
Westmoreland, Inc.
7-
3
6-
Westmoreland Water,
$1.50
7-
2
6-20
$1.25
7-
2
6-30
7-2
6-20
2
1
Union
Weston
(George)
Westvaco
8
A
6-19
$$1.50
(quar.)
2
7-
Wilson
&
7-14
6-15
Ltd., 7%
pfd.
(quar.),
(s-a)
$$1.75
$3
7-
(quar.).',,_
Wisconsin
Wisconsin Electric
2
6-26
2
6-
7-
2
6-23
$1.50
7-
2
6-
50c
7-
1
6-10
RR.
Air
Lines,
Co.
(quar.)
Inc.,
common
Co.
(quar.)
United Corporations, $1.50 cl.
^United
Drug,
United Fruit
United
A
(quar.)
—
preferred
Co
A
$1
preferreu
Illuminating
$75c
!
Co
preferred
8-15
7-14
7-
2
6-21
2
6-19
participating
Printers
preferred
&
Publishers,
;
Net
Oil
Co.
(quar.)
6-27
7-
1
6-21
7-
1
7-
2
7-2
6-21
'
The
and
preferred
6-
In
2
6-12
5%
preferred
(quar.),
2
6-20
6%
preferred
I
7-
2
6-16
common
'SOC
7-2
6-22
7-2
6-22
lOo
7-2
6-20
50c
7-
6-20
2
Less
30%
Jamaica
not
Income
closed
tax.
for
their
use
$2,604,726)
684,558,.
579,517
p. 2666.
The
letter
if
holders
states
A
1
July 31.
holders
2
6-25
7-31
July
18 to
then
is
4
"
the
to
95%
up
reduction
of
of
the
original
amount
principal having
of
these
been made
it
and
Drexel
is
have
Co.
on
loan
to
to
stockholders
has
been
expected
be redeemed
June
said
made
with
an
the
settlement with underwriters.that all outstanding general 4
will
record
named
,
letter
a
sometime
,■
.
of
been
y
in
bank
subject
bonds
&
will
28
in
early
y.\
for
July 9,
entitled
be
the
..
to
1945,
vote,
one
of
general
Philadelphia
funding 5%
March
company's
mortgage
6%
income
bonds
and
y
/
shares.
Holders
1,
bonds,
with
and
Jan.
due
who
1949,
accordance
have
the
Reading
1,
not
plan
1973.
Coal
and
presented
of
Iron
&
Co.
debenture
their
bonds
reorganization,
(1871)
bonds, dues**
exchange in',
6%
for
must
re¬
complete
such.,
v
exchange
promptly to become entitled to vote at the special meeting
participate in the above offer when, as and if made.
Holders of scrip certificates for the
company's general mortgage 6%
and
to
income
bonds
in
same
offer
and
shares must also -promptly exchange the"
the terms of such scrip certificates to become
special meeting and to participate in the above*
as and if made.—V. 161, p. 2791.
,
x!
common
accordance
entitled
to
vote
when,
with
the
at
.
Soundview Pulp
j
Co.—Earnings—
5 Mos. Ended May 31—•
Net
profit
after
sh.
per
1945
charges
and
488,250
on
$339,612
$285,136
$0.59
taxes___^
1944
$0.48
shs
com.
-•
2
6-12
7-
2
6-15
7-
3
5-25
7-
2
6-
7-14
15c
8
6-20
$1.50
7-
2
6-19
$1.75
7-
2
6-19
7-1
6-9
$20c
8-
1
7-15
$3iy4c
8-
I
7-15
$37i/2c
8-
1
7-15
$1.37'/a
161, p. 2653.
South
The
directors
60,000
on
1
Lathe
on
additional
the basis
The
directors
payable
June
shares
of one-half
Works—50%
Stock Dividend—In-r
to
of
180,000
made
on
the
160,
p.
authorized
common
a
distribution
a
stock
each
for
cash
with
share
a
of
of
37 V2
dividend
record Aug. 15
Distributions of 50
shares.
outstanding stock
present
1300.
-
on
Feb.
.
Southern Bell Telephone &
on
28
July
record
and
a
shares
increased'
the
cents
of^ "
$5
July 2,
cents
on
25
of
value
par
held
stockholders' of
31
—V.
22
of
share
declared
also
Aug.
capitalization
each
were'
May 31, last.1
,
Telegraph Co.—Registers
Debentures—
The
due Aug.
and
the
registered
1,. 1985.
names
of
with
1,
the
The bonds
SEC
are
to
$45,000,000
be
sold
the underwriters will be
■
Bids
at
filed
of
2%%,.'
competitive
by
amend¬
,•
will
Company
Oct,
has
company
debentures*
ment
<
tPayable in U. S. funds, less 15% Canadian non-residents' tax,
tPayable in Canadian funds, tax deductible at the source.
Non¬
resident tax, 15%; resident tax. 7%.
a Less British income tax.
Bend
creased Shares to Receive 37 V2-Cent Cash Distribution—
7-16
7-
15c
this dividend.
the
of
common
10-15
7-
issued
statement
1945.
that
shareholders
for'
subscribe
to
be
10-15
1
the
the meeting being the authorization of an additional
412,596 common shares.
If authorized, and subject to a
registration
statement becoming effective under the Securities Act of
1933, it is
contemplated that the new common shares will be offered to the
—V.
1
11-
with
of the purposes of
7-16
8-
11-
'
stock
common
stock
general mortgage 6% income
payment of the subscription price for
Bank,
income
of
will
registration
meeting of shareholders has been called
special
which
at
par)
common
in
$4,000,000
a-
held
the
will expire on
shares
National
6%
mortgage
•'
($1
shareholders
shares
10
16,
bonds
April 1,
for
shares
common
each
July
5%; payment in
on
412,596
present
for
record
common
a
Earns,
'
*Transfer books
V. 161,
similar amount of
Harriman
7-16
$5c.
—
—
of
bonds
1
25C
—
—
!
shares
The warrants
new
these
8-
$1.50
■
—
—
(quar.)
556,876
Commission.
entitling
may
bonds,
1
$1.75
«————
(quar.)——
7-
.662,264
44,752
a
exercising warrants,
bonds
7-16
15c
—
(quar.)
common
$2,735,461
52,998
registered
purchase
Exchange
common
stockholders
the
has
company
Warrants
11-15
$1
Young (J. S.) & Co, common (quar.) —
7% preferred (quar.),;
Youngstown Sheet & Tube Co.—
Zeller's, Ltd,-
1945—12 Mos.—1944 *
$207,753
52,631
44,443
warrants to
Securities
6r25
$1.50
———
Wright-Hargreaves Mines, Ltd
y
;
Stock and Warrants With SEC—
mon
1
8-
$1.50
———
—
'V
yy
1945—Month—1944
y
income
12-30
$1.50
$$2.50
—
——
(quar.)—.
2116,
p.
"After retirement reserve accruals.'
Co.—
preferred (quar.)
7-
$1.25
1,^.
Jll
Inc.,
2
$25c
Yale & Towne Manufacturing Co—
York Corporation
———
x
(quar.)
preferred
Power
50c
$1.25
common,,,
preferred
7-
$2
—-—-—
7-14
7-
7%
161,
$208,091
revenues.,^,..
income
bidding,
(quar.),-,
United Milk ; Products,
$2
6-14
Co,
$1
Industrial Bank (B'klyn) (quar.)
United Merchants & Manufacturers—
JJrxited
2
8
$1.25
--——
Extra
51/2%
(quar.),,,
United
$3
$38c
80 %c
7-
4
6%
Wiser
Fuel Investments,- Ltd.—
class
United
$4.78
75c
;
1
7-20
6-
75c
—
6-25
7-
Carbon
—
6-19
7-
Period End. May 31—
"Gross
8
25c
pfd. (quar.)t—. •
■
2
$1
6-19
1
8-
6-
$1
Common
2
10c
Pacific
—
——
7-
75c
Co.
2
7-2
50C
$6
7-
Union
7-
$1.25
preferred (quar.)——_—
Winnipeg Electric Co, 5% non-cum. pfd.,,
Winsted Hosiery Co, common (quar.)
—
Co,
50c
Trust Co. (NY)
(quar.)
Urjion Carbide & Carbon Corp. tquar.)
United
&
$1.75
Corp.
2
$1.25
Stores,
Extra
(accum.)
La Salle Street
7-
25c
Inc., common (irreg.)
•6%
preferred
(quar.),,,
—!.>■■
$5 prior preferred (quar,)^—*——
•'
Rapid Transit Co.—
Underwriters
Union
.
6-29
2
(quar.)
preferred
$9,517,514.—V,
Operating
7-10
Wilsil,
Twinell RR, of St. Louis
9
7-2
8-10
6-20
6-
7-15
11-10
6-20
3
7-16
8-15
2
7-
$2
11-15
7-
6-11
$1.75
Baurner-Candle, 8%
Ltd. (quar.),
$1.18%
2
7-20
Will
(quar.)
7-
6-15
6-12 *
United
$1.50
1
6-22
2
6-15
2
1
7-
2
8-
2
<
6-22
7-
7-
7-
25c
7-16
50e
7%
total,
Sierra Pacific Power Co.—Earnings—
6-18
$1.50
7-
Investment
50c
Sewing Machine, $4 conv. pref, (accum.)
(quar.)—,
$1.50
25c
7-2
6-26
62 Vic
25c
1
6-30
7-2
Trt^Gontinental Corp., $6" pfd. "(quar-,),,,^.
Trico Products
(quar.)
I
(quaf.)_L—
1
2-
75c
6-22
common.....,..^.."
11-
2- 15-46
7- 16
6-11
2
T^ihity Universal Insurance Co.
-Quarterly
payable to bank—not due within one year, $250.000y capital
(par $1), $1,345,570; capital surplus, $796,512; earned surplus,
Philadelphia
7-2
7-
(quar-.)
notes
arrangement
$20c
70C
J.)
expenses,
1
$1.06 y4
—
(N.
crued
1
1
$1.25
prior preference
Water,
payable to bank—due within one year, $100,000;
obligation, $52,483; accounts payable, $403,706; ac-*
$128,069; other current liabilities (contra), $1,371,858;
purchase
8-
White Villa Grocers, Inc., 6% pfd. (quar.),,
Wichita Union Stockyards, 6%
pfd. (s-a)—
$2
total, $9,517,514.
Liabilities—Notes
lease
part of September.
—
6-15
7-
$38,225;
penses.
2-
11-
11- 15
35c
(quar.)
7-3
40c
$0.46
1915
Assets—Cash, $175,089; notes and accounts receivable (net), $528,694;='
interest, $6,554; inventories, $686,676; current assets reserved
$1,371,858; investments and other assets, $341,815; property,
plant and equipment (after reserves for depreciation, depletion, etc.,^.
$6,260,532), $6,064,066; deferred charges, $304,538; organization ex¬
2- 15-46
1
25c
$$1.25
6-20
Sheet, May 31,
8- 15
8-
11- 15
>
$1.25
—
!_
(quar.)
.
$622,574
1,345,570
$0.35
Ripley & Co., Inc.,
principal underwriters.
!
Ralph E. Taggart, President,
8- 15
$1.25
class A—
White
2
7-
75C
(s-a)-—
6-
7-
6-20
$465,096
1,345,570
(contra),
6-30
7-
75c
$1.25
6-15
58 %c
2
operations.!
145,430'
422,646
accrued
effective.
75c
3
7-
6-18
3
Products
Wichita
preferred
(quar.)„——,
3
50c
1
7-
(quar.),——_,
Corp.—
Ltd.
Chlorine
Wieboldt
i.%%
7-
6-20
7-
41 %c
6-20
2
preferred
$4.25
7-14
208*South
7-16
6-20
7-
••
from
Balance
7-17
6-15
preferred
6%
7-14
Twin City
8-15
6-15
(quar.)
2,749,191^
398,289
267,623
7-17
pfd. (accum.)
Co,
6-15
Tuckett Tobacco Co.,
6-19
8-15
2
——
Telegraph
2,586,346
expenses„_„
(estimated),.
6-15
3
7- 15
—•——
2
preferred
2
7-
7- 15
(quar.),,———
preferred
Western
7-
operating
income
on
6-20
7-
37V2c
(quar.),—_—.—.—;•••
(quar.)—,———
7-
30,176
$3,939,841
shares
8-11
$75c
Western Pipe & Steel Co, 7% pfd.
Western Tablet & Stationery—
'
93 %c
,
2
8-15
$$1.20
preferred A (quar.)—
7-31
:( 4%%
7-
$$1.75
$25c
pfd.
Corp.,
6-20
—
(quar.)
(quar.)_.—
1
Ltd.; (New
w..—
Rayon
2
$1.12 i/a
(quar.)___,,,
7-
,y
28,369
.
share—.
four
r
7-
8-
7-31
Tubize
7-
$5.50
common
25c
$7 Vic
(s-a)
Banking Co.
6-19
——
Securities, 6%
$1,12%
(monthly),—
Special
Trenton
6-15
2
6-15
common
$3,696,978
212,687'
income_^_-_._^____„__
common
6-15
(quar.)—
1944
$3,520,643
168,342
^
common
6-15
1
7-
2
—
62yac
—
(quar.)
Corp.
1
7-
2
15c
.'
7-
7-
Grocers,
6-
y
1945
of
1
7-
Western
6-15
2
$147,805;4,
6-26
6-
20C
25C
Transamerica
2
$1.50
Western
2
2
7-
profit
Number
6-26
2
2
year),
one
Corp.—Earnings—
Earned per
$5,069,317;
$1.12y2
(s-a)
—:
Department Stores (increased quar.)
7-
Net
(Toronto)—
Co.
'
$3,717,354
and
taxes
stock
(quar.),.
pfd.
preferred
7-
8*
$6
(initial quar.)—
Assurance
costs
6-23
7-
than
charges
12-15
West Virginia Water Service Co.—
8
Utilities.
Other
5
7-
later
May 31
other
Other
7-
7-
(due
revenues
1-2-46
preferred (quar.)__
4V2%
Co,
Texas
Virginia Pulp & Paper,
8-
'■
$40% c
(interim)
Trusts
6%
Penn
West
West
Corporation
royalties
Miscellaneous
9-15
25C
on
Philadelphia & Reading Coal & Iron Co.—Files Com-)
(quar.)
6-15
!
•
$160,000; other payables,'
munitions contracts, $617,032; Re¬
Corp.,
revenue
and gas
6-15
$1.75
(quar.),,
$$1.25
Ltd.
Finance
West
Oil
1
25C
—
6-
7-3
62V2C
(monthly)
Brothers,
Traders
(quar.),.
7% preferred
Finance
payments
Finance
Months Ended
2
$$1.75
—
6-15
,<
advance
Operating
1
Electric.
preferred
$30,796; total. $4,552,993.
Shamrock Oil & Gas
6
7-
25c
—
•
preferred stock, $511,900; common stock ($1 par), $1,273,141;'
capital surplus, $812,295; total, $4,552,993.—V. 156, p. 2457.
10-
$$1.75
Light—
7*'
.
7%
6-22
2
10c
!
(quar.)——
preferred
Company
7-
50c
(quar.)——_
Wheeling & Lake Erie Rv. Co. (quar.),:.—
Wheeling Steel Corp, common,,—
$5 convertible prior preferred (quar.)—
Whitaker Paper .(quar.)————
"7%'
Toronto
6%
$1,030,820;
,v
Snowdrift
&
preferred
Penn
5%
Minnesota
preferred
preferred ,(monthly
Torrington
Oil
$1.50
—
(accum.)
Tp'lpdp Edison. 5%
General
7%
West
n-
.
10c
—
quar.),,,,
Tooke
6-12
$1.50
4-28
1
50c
(quar.),,
of
6-12
6-12
77-
50c
Insurance Co.,,.:—
1
10c
Title '& Mortgage Guarantee Co.,
'drleans, La.) ,(irregular)
Toronto
Fire
$1.50
—
—
—,
Co.
Wellington
Oil Co.—
(initial
2
2
7-2
20c
$1.50
(s-a)
3
50c
preferred
preferred
preferred
9-
$1.25 ? C
(quar.),,
(quar.)
(quar.)
preferred
y $3.75
6%
7-
$1.75
common
1st
conv.
6-11
$1.50
•
Wayne Pump Co. (quar.)
Webster-Chicago Corp. (initial)
Weinberger Drug Stores (quar.)
12-
$62 %c
-
(quar.)
preference
Tide Water Associated
Title
6-30
Stores, Ltd.—
6%%
10-10
2
7-
$1.50
(quar.),,
com.
preferred A (quar.),—
Motor Co. (quar.)
$1.75
(quar.)
preferred
$6 pfd.
(quar.),,—
Co.,
7-10
10-20
"
common
Shovel
Thrift
7-10
$20c
4% preferred (quar.)—.
Textron Incorporated, $2.50 pr. pref. (quar.)
$2.50
6-15
10c
1
(quar.)__;
pfd. (initial)
preferred
$6
Light
preferred
6-15
3
62 Vic
—
(quar.)__
—
Service
&
6-15
3
7-
68 %c
(quar.)
(quar.)
Power
Wayne Knitting Mills common
3
7-
Washington Title Insurance,
6%
deferred items,
$398;
$3.50
Waukesha
$1.25
—
8%
6-15
$1.25
—
—
Trans.
7-16
50c
7%-'preferred
Products
Co.
7%
(quar.)
(quar.)
(quar.)
&
7-16
.
.
Consolidated Balance Sheet, Dec. 31, 1944
,
$1.75
1
1944,
31.
Assets—Cash, $438,016; accounts receivable (net), $659,902; inven-y^
tories, $1,670,500; total fixed a-ssets (net), $1,753,381; investments," !
$1.75
(s-a)__———;
1
7-
y
>
$1.75
50c
—
(quar.).,
Gas
7-20
$1.75
(quar.),.
Dec.
previous
7-16
9-10
25c
preferred
2 "
25c
__
Ltd., common
Texas Electric
Texas
Inc.,
Power,
Tennessee
preferred
Ware River RR.
1
$1.75
(quar.)
(quar.)
8-
$3c
pfd.
Talcott
preferred
7%
7%
preferred
8-
9-20
$1.50
(quar.),,
7-
$75c
—
Bridge,
(quar.)
(James)
7%
7-16
6-20
$1.75
8-
$50c
(quar.)
common,—
preferred
Taggart Corp., $2.50
5 % %
6-15
25c
X
-•*5%
4
>
2
40c
Ltd.
Corp.,
Tacony-Palmyra
8-
7-
+50c
—
.
Mines,
•
8-15
Waltham Watch,
1
3
$$1
30c
B
Transit
Common
9
5
6-12
6
8-
75c
30c
Company (quar.)
Electric Products
Sylvania
6-
y 7-
Inc.
7-
7-
37«/2c
•
Waldorf System,
6-15
50c
common
37V2c
__
(s-a)
America, Inc.,—1——_—
of
$10c
(quar.)
(quar.),,
of
,
the
7-20
$$1.25
(quar.)
Corp,
preferred
2
7-30
7-
1
.
Co.
2
$$3.25
(quar.)—
Corp
preferred
6-
31 %c
$1.25 pfd. (quar.)
Co, of Canada
7-
Cotton, Ltd.
ended
for doubtful accounts re¬
all kinds totaling $458,544,
reserves
year about 95%
of the company's over-all pro¬
duction during this period was devoted to the manufacture of a variety
of munitions for the different branches of the Armed Services,
'
1
$3 2nd preferred
7%
6-15
12-
—
6-29
2
7-
12-10
6-15
7-2
7-16
$1.75
7-6
Wagner Baking
in
As
6-18
7-31
months
12
up
unadjusted profit for the year, the tax liability amounts
:
■
:
'
/
-
to $121,574.
7-17
2
the
for
depreciation
6-15
1
7-
$1.75
1
7-16
for
on
the same basis for the year ending Dec. 31, 1943.
Renegotiation
proceedings and price adjustments have not been completed*and there¬
fore no liability is indicated for the Federal income tax for 1944.
On
Federal
2
6-29
operations
provision
1
7-
6-22
2
8-
9-
8-
2
7-
2
12-22
Virginian Railway, 6% preferred (quar.)
Vulcan Detinning Co, common,,
7% preferred (quar.)
7% preferred (quar.)
1
7-
9-10
6
7-31
6-29
1-2-46
6
7-
7-14
7-16
62'/2c
Vertientes-Camaguey Sugar
Viau, Ltd., 5% preferred (quar.)
7-
6-15
(quar.)
preferred (quar.)
Ventures, Ltd.
(interim)
Wabasso
2
7-
6-21
7-
7-
6-20
2
7-
7-14
7- 2
7-
1
50c
6-20
62yac
1
9
2
(quar.),
8-
2
7-10
10c
8-
$1.25
Supertest Petroleum Corp., Ltd., com. (s-a)_
Ordinary (s-a)
$1.50
Sweets
6-20
6-20
7-20
$1.75
(quar.)—
Corp.,! parent.
and Gas
Water
a
net profit for the period of $291,220 before price revision,
renegotiation and taxes.
This compares with a net profit of $553,752,
6-15
$2
(accum.)
7%
$1.25
preferred (accum.)
—•
(S.) & Co., Inc.-———y—.
,
2
2
1
,7-
of
and
Total
prior preferred
$1.50
Stroock
Steel
12-15
7-
7-
5%
Co.
pfd.
Vapor Car Heating Co., Inc.—
7% preferred (quar.)
25C
preferred (quar.)
—
,
Strawbridge & Clothier, $5 preferred (quar.)
Superior
12-29
$75c
8-31*
11-30*
7-
50c
preferred
Products
5%
1" 25c
„
?61%
Assurance
9-15
9-20
12-20
$1
7y2c
—
Sxhh-' Ray Drug Co., common
--•6% preferred (quar.)
8
$2
••:
——
$31 %c
—,
_—
Struthers Wells Corp.,
6-23
$15
(quar.),.
(quar.)
$75c
__
Sterling, Inc. (stock dividend)___
Stokely Van Camp, Inc. 5% pfd. (quar.)
Stratmore Paper, common (quar.)
Sun Life
9-29
7%
result
construction
$43 %c
Sterling Engine Co
5%
1
6-23
$25c
.
nil
_____
9-
9
7-
$1.25
conv.
Participating
9-10
$1.25
preferred (quar.),™———
Steel Co. of Canada, Ltd., common (quar)
,
6-21
.
—
(quar.)—
Utica Knitting Co.—
5% prior preferred
$1
preferred (quar.)__.
—i—,—
Brothers, Ltd., common (interim)
preferred
Utah
6-21
7-10
15c
Stedman
'7%'
Upson
6-20
$ 10c
(quar.)———————
Stecher-Traung Lithograph Corp.—
1
l! 6,%
6-
2
87y2c
!
Co.,.
6-30
Co.,
Y.)
com.
(quar.),:
Pictures
Radio
(N.
Tobacco,
2
7-
;
JlOc
Oil Co.
Leaf
preferred
8%
7-10
75c
__
Standard Wholesale Phosphate & Acid Wks.
(quar.)
United States Trust Co.
7-14
$1.06%
(quar.)
Radio, Ltd., Class A (quar.)__.,—
B
(quar.)
preferred
>
$$2
—
§t$yion
2
$1.25
Smelting Refining & Mining—
preferred (quar.)
Sugar, $5 preferred (quar.)
S.
Universal
preferred '(quar.i-i—.y-—
Standard
Standard
7-
$i.i2yT
(quar.)
—;
Steamship Corp.—
$3
of
S.
7%
■
2488.
the basis of the
7-
62y2C
1
yy
of Federal
director
lormer
p.
Liabilities-—Reconstruction
2
Co.
7-20
$1.18%;
preferred
conv.
'-v'
proceedings June 26
on
the recapitalization
with
an
examination
of George
L. Ohrstrom,
indicates
Printing & Lithograph Cc.-—
7-
Oil
8-1
20c
—
8-
&
6-15
50c
Plywood
$1.25
Fruit
6-15
2
40c
(quar.),
$1.25
(quar.)_——
$'5 'preferred A (quar.)
$4.i25 preferred B (quar.)
Standard
2
35c
(quar.),,,,
Corp., new common (initial),
43/4% preferred A (quar.
4Vichr preferred B (quar.),,___—
S
6-25
$1.50
—
conv. pref.
Sons—
7-
7-
40c
(quar.)_y—
•
9
$1.75
Co.—
(quar.)
Square D Co., 5 %
Squ.bb (E. R.) &
6-
68 %c
U. S. Hoffman Machinery Corp.-—
5V2% convertible preferred (quar.)____—
6-15
'■
•
.
deducting expenses, setting
ceivable
6-15*
2
50c
6-20
'
•y
2
7-
$1.75
2
The
after
6-30
7-16
7-
$1.75
2
'
8-10
6-30
$1.75
7-
35C
9-15
7-16
25C
—
preferred
7%
7-
25c
preferred
1
Co.,
(quar.),
preferred (s-a)
United States Gypsum Co., common (quar.)
7% preferred (quar.),.
6-30
7-16
20c
'4*%%
'
Extra
U
50c
25C
$1.50
——_
Service
Public
Casualty, 4% non-cum. class A
Fidelity & Guaranty Co. (Bait.)
v.
Segal Lock & Hardware Cc>., Inc.—Annual Report— *
6-19
5
$2.50
—
5% pfd. (quar.)."
Southwestern Life Insur. Co. (Dallas) (quar.)
Common
161,
5
$1.50
Southwestern Gas & Elec.,
Southwestern
York,
7-
7-20
16)
Page
reopened
corporation
New
7-
8-15
From
6-20
62y2c
(quar.)
preferred (quar.),______^.,_______„„
SEC
the
—v.
7-10
37y2C
$1.20
(quar.)
The
of
8-15
9-
10-
$2.50
6%
U
_*
Resumed—
('
9-15
50c
50c
—,
(quar.)
Common
Associated
preferred
7-16
6-20
$$1.50
—
(accum.) ——_
Telephone—
A
(monthly)
6-15
8-
(Continued
Scranton-Spring Brook Water Service Corp.—Hearing
9-15
7-
6-20
U.
(quar.).,
preferred (quar.)
preferred
(monthly)
9-
10-
50c
7-15
t20c
—
Southern New England Telephone Co.
K
8-15
53c
50c
United New Jersey RR. & Canal Co.
United Shoe Machinery Corp.—
Southwest Natural Gas—
Southwestern
7-16
53c
(monthly)
preferred
preferred
8-
7-15
& Elec.—
Indiana Gas
prior
6-15
53c
Corporation and
Investment lews
,9-15
7-
General
8-15
10-
53c
37V2C
(quar.)
Southern Canada Power Co., Ltd.—
Southern
2
2
preferred
9-
58y3c
34 %c
(quar.)
preferred
preferred
7-
7-
Edison—
California
original
5 ¥2%
$1.75
$1.75
(quar,).;——-.y—.
prior
prior
6%
Trust
(Lexington,
Ky.) $5 1st preferred (accum.)ia—
Southern Bleachery & Print Works—
7%,
6%
7-16
Holder»
58V3C
—
•
6-15
8-
Monday, July 2, 1945
of Rec.
7-
58V3C
preferred (monthly),
7%
prior preferred
(monthly)——',—
7% prior preferred (monthly),,,—,—
6.36% prior preferred (monthly)
6.36%
prior preferred (monthly),
6.36% prior preferred (monthly),,—
6.36%
prior preferred (monthly)
6% prior preferred (monthly)
Payable
58V3c
prior
When
Share
Name of Company
United Light & Railways Co. (Del.)—
7% prior preferred (monthly)
-
preferred A
conv.
cum.
■
-
of Ree.
Payable
Share
,
Corp.'—-
Holder«
When
per
Name of
Solar
Per
received
be
will
1945,
of
apply
a
for
the
proceeds
like
..
offering
from
principal
until
the
amount
April 1, 1962, at 103 and int.—V. 161,
11
a.
financing
of
p. 2666.
3V4%
m.
to
on
*'w
July 30.*
retirement
debentures
orv
due
,
■Hi'
.Volume
revenue
384,040
43,917
693,519
$75,338
31,511
$100,494
$1,138,975
646,355
$1,248,731
52,875
$43,827
—.
$47,618
$492,620
$602,638
100,005
171,438
$392,614
$431,200
pfd. stock
on
tankers, all more than 17 years of age and deemed obsolete
of post-war commercial operation, are being accepted
161,
$33,332
$43,827
h
Balance
the
Commission
Operating
Deprec,
expenses
$7,889,400
3,206,527
__r
64,508
50,246
750,377
Gross
228,237
212,816
2,606,094
260,763
22,363
22,499
Interest, &c., deductions
from
Gross
utility value of the three
six
Oil
161,
tankers
old
traded
Total
Co.
California
of
will
named
*
the
161.
2489.
P.
from
Stock
Period End. May
3i—
Net rev. from ry. oper.
Ry. tax accruals
Equipment rents (net)Mt. facil. rents (net)—
35,126,815
20,394,424
13,787,267
•Net
50,554,815
(9,590,573)
$308,384
$208,717
206,793
1 08,610
126,019
62,603
Funds
74,359
26,088
working
'
2,124,531
1,004,514
1,551,355
653,886
173,501
531,410
361,445
*12,135
.'v
...
railway.—
of
437,936
:
897,680
\
161, p. 2489.
35
of
the presently
—V.
Net
railway—.
income.
A
Company Only
:■
.
Net ry. oper. income.
Operating
$6,949,524
revenues
Operating
expenses
2,215,480
fac.
189,268
rents (net Br).
income-
Other
income
Net
Net
ry.
203,098,480 183,269,073 128,273,823
59,675,144
62,413,904 73,035,536
44,789,641
15,243,358
15,928,612 27,902,610 23,260,643
—V.
income
—
deductions
161,
railway.—,
.■1''
m
■ •
oper.
...
—Wk. End. June 21—
earnings——
Other
3,908,032
5,264
operating revenues
(& Subs.)—Earnings—j
-
$389,597
and general taxes__._
$447,538
952,992
2,326
,7,799
$397,397. i
;.
$449,864
,4.30,124
income
,131,037
$267,272
and other, deductions
$318,827
deducting non-productive well
drilling expense of $79,206 and $38,557 for the 12 months ended
March 31,
1945, and March 31,
1944, respectively, which may be
offset substantially by the reduction in taxes resulting therefrom,
y
Income and
excess
profits taxes have not been estimated because
drilling deductions during the balance of the year will have an inde¬
statement
terminable
before
is
thereon.—V.
effect
exclud.
Co.—Earnings—
1944
•
a-.. ,/yy A
1943
161,
p.
48,
.
■;
:
2,714,655
1,969,073
1,140,120
773,935
782,638
1,200,000
1,200,000
Amortization of,limited-term invest.
4,515
6,381
Net
■
$170,371
$204,772
$197,750
railway—
from
Net ry.
86,939
87,995
income.—
19,259
31,265
oper.
1942
$116,157
73,838
58,057
24,930
■
income
and
•
$4,963,758
$4,982,730
Gross
52,888
20,941
$5,074!044
$5,035,618
Net
ry.
railway—
956,870
880,111
904,845
451,404
401,646
2-77,164
492,608
164,583
115,738
103,217
157,890
105,290
oper:
—V.. 161.
Income—
Net
2,286,380
(E. R.) Squibb & Sons—New $4 Preferred Stock Of¬
fered in Exchange for Present Serial Preferred Shares—
of
The stockholders on June 25
no
shares
par
to
Gross
La Buy
operation
of
the
line
Mr. McNear said he
that
and
he
would
being operated
was
,
that
under
same
authorized
a new
value $4 preferred stock; The
of its serial preferred
holders
7%
$6
$2,699,355
preferred
$2,749,237
$1,825,494
491,810
453,978
453,978
445,328
411,072
1.500,000
411,072
stock——
preferred
stock.;
stock
750,000
...
Balance
have
Net
ry.
corporation will offer 98,906
stock on
a
Assets—Plant,
and
property,
equipment
725,000
rate
The
purposes.
carry
thus be available
and
increased
for tax payments or general corpo¬
additional capital, it was stated, is necessary
and receivables, for the construction
inventories
additional manufacturing and warehousing facilities, and for
the increased volume of present and anticipated business..
,
to
of
handling
$3,552,191;
materials
notes
and
(including
intangibles)
A sinking fund for the $4 preferred stock will be set up each Feb¬
dividends.
The company will set aside $165,each
inclusive; $327,750 from 1951 to
1953, inclusive; and $325,50*0 every year thereafter.
The company plans to pay a group of underwriters, headed by "Union
^Securities Corp. and Harriman, Ripley & Co., Inc., $1 per share on
the 98,906 shares of $4 preferred which are to be offered to the serial
preferred stockholders, plus not more than $1.50 per share on any
unexchanged portion, together with an amount not exceeding $2.75 a
share
on
year
the
from
$42,260;
(146
Accounts receivable:, $1,088,484;
Prepayments, $36,204; Other current
deferred debits, $1,214,271;
reacquired
preferred and 274 shares $6 preferred),
shares
consignments
7%
$12,291;
(contra),
total,
$95,615,436.1
Liabilities—-7%
preferred stock ($100 par), $6,500,000; $8 preferred
stock
(no par), $6,943,976; common stock
(4,000.000 shares no par),
$20,000,000; long-term debt, $43,650,000; accounts payable,' $220,663;
dividends
declared, $216,263,
matured long-term debt and
interest
(cash
in
taxes
special
deposits),
$5,597;
customers'
deposits)
$810,502;
$3,543,950; interest accrued, $741,805; other current
1946 .to
1950,
from
Net
from
ry.
—V.
1942
$440,602
$452,236
259,901
$456,352.:,
265,719
$260;©55
135,099
' 101,037
"
246,482
198,390
206,375
235,584
2,103,680
2,243,483
1,098,796
1,317,646
885,008
1,045,162
1,972,535
1,152,028
1,000,850
two
oil
for
companies
the
*
ii
:
-1
accrued,
ages,
$27,738;
ments
contributions
(contra), $12,291;
aid
in
Operating
revenues
taxes
consign¬
total, $95,615,436.
1945—12 Mos.—1941
■'
$1,380,836 $16,717,408 $15,718,330
640,706
623,003
Crl,956,071
.
$125,440;
12 Months
and
$1,408,000
—
226,611
taxes
ret.
Amort,
construction,
1945—Month—1944
expenses
Federal
of
surplus, $4,781,610;
earned
Earnings for May
Operating
6,942,980
J
-550,933
-
6,200,315
dividend
of
$1,
cents
2
per
share
has
been
par
65,937
808,427
Securities
100,000
1,200,000
of
accumulations
payable
July
the
on
7%
cumul.
record
\
276'
•
4,928
Trusteed Funds,
The company
for
amortized,
1
June 22 filed with the SEC
on
announced
was
June
on
department.—V.
rayon
United
of
six
fast,
States
The
Commission
at
the
Chester, Pa., yard of the Sun Shipbuilding & Dry Dock Co., has been
approved, the Commission announced on June 22.
The purchasers are, the Standard Oil Co. of California, San Fran¬
cisco, and the Atlantic Refining Co., Philadelphia.
Each company,
under the provisions of Section 509, Merchant Marine Act, 1936, is
buying three of the new T2-SE-A1 turbo-electric type tankers at their
estimated cost nf $2,850,000 each,
exclusive of the cost of national
defense features borne by the Maritime Commission.
In each case
p.-
registration statement
a
26
that
William
Bradshaw
H.
28,
of
Co.
of
California—Calls
Bank
of
Calif.,
23
...t
for redemption
on
Stock
Approved—Also to Issue
Issue
at
stockholders,
v
debentures due 1959, to pay $12,000,000 in bank lodrfs
maturing from 1946 to 1951, and to strengthen its capital posit,ipn
approximately $10,000,000—V. 161, p. 2667.
600,000 of 3%
Union Pacific RR.
"■
Ry.
194,491
$179,948
$2,670,261
$2,689,471
(and Leased Lines)—Earnings—
'V
•
1
-
oper.
26,242,039 133,773,622 133,417,291
the
,
'
.
Net
inc.
from
.portation operations
to
the call premium and other
the
refunded
bonds,
to
be
of applicable debt discount and
4,083,897
4,068,047-
3,391,666
15,563,199
14,311,713
1,280,279
1,213,583
5,756,506
4,605,249
21,319,705
Investments
from
other
and
4,147,657
trans-
sources—
to
month of May,
Stock
Exchange
cumulative
an
has
preferred
authorized
stock
(par
the
listing
of
60,000
$100),
issued on May
amount of such 4%
cumulative preferred stock issued and outstanding.—V. 161, p. 2376.
Tide Water Associated
-
1,172,925
5,657,405
19,522,751
5,870,626;
4,221,634
3,432,324
15,662,300
13,652,125
10,500,000
7,500,000
41,500,000
34,500,000
'
Fed.
"Incl.
—V. 161,
a
brief
Corp.—Challenges SEC Order—
Exchange has authorized the listing of 300,000
preferred stock (no par), all of which are
issued and outstanding.—V. 161, p. 2598.
Mr.
The New York Stock
shares of
$3.75
cumulative
Phillips,
in
25
corporation.
Mr. Phillips
ing
and
,
>a-v
-ur:
stock of the corporation,'
Appeals at New York
in support of his petition to review orders of the SEC wkich
in reorganization last December of the capitalization of the
June
resulted
:
and
inc.
2490.
p.
Randolph
filed
Oil Co.—Listing of $3.75 Pre¬
ferred Stock^—
5,211,038
1,126,692
1945,
offering, being the entire
44,114j&lS'.
v.' ».»i iT
,
918,155
1,055,072
(net)—
expense
balance
51,251,388
9,440,236
5,348,326
rents
865,050
charged
$r-tm
39,992,096 204,735,876 195,927;417
A—12,461,389
Equip, and. joint facility
2,312,354
792,963
'" j
between the companies)
.
rt«1945—Month—1944
1945—5 Mos.—1944;'
revenues—45,291,679
expenses——
27,707,171
oper.
Inc.
and
'
>
(Excluding offsetting accounts
Period End. May 31—
90,207
relating
^
a
by
$5,001,825
discount
and
special meeting held on June 25, authorized
the creation of a new, issue of 500,000 shares of preferred stock.
The
company plans to sell an initial series of 250,000 shares of $3.75 cunitllative preferred and use the proceeds, together with the proceeds of/'a
new
issue of $25,000,000
25-year 2% %
debentures, to redeem $2'5,The
$7,317,809
4,647,548
company
103
Angeles, trustee, Sixth and Spring Streets, Los Angeles,
at the holder's option, at the office of Dillon, Read & Co.,
St., New York, N. Y.
.
,
•
huit
Preferred
New
$374,439
program,
1, next, at
$25,000,000 of Debentures—
$4,911,618
refunding
Aug.
Los
or
Nassau
107,669
with
$1,100,000 of
.
have been called
There
2,463,424
together with
4%
,
interest, $1,100,000 of 3% debentures due Aug. 1, 1959, out of sinking
fund monies.
Payment will be made at the Security-First National'
9,430
deductions
1945, pursuant to
foeeii
1945,
Oil
Union
5,004
and $2,282,175 for the
12 months ended May 31. 1945, which has been reflected in the lowered
provision for taxes on income, has been offset .by accelerating-the
amortization of debt discount and expense, including call premium on
the refunded bonds, thus neutralizing the effect of the
non-recurring
tax benefit upon net income.—V. 161, p. 2598.
18,
has
company's
June
Debentures—
8,051
ing to $2,282,175 for the
shares
,.
proposal to issue $9,000,000 promissory notes to be
and maturing Dqc.<-r 28, 1945,; bearing interest
at the rate of 1V2 %
per annum, has been approvedrby the Securities
and Exchange Commission.—V. 16b p. -2667.
Thompson Products, Inc.—Listing of Preferred Stock
modern tankers now under
Maritime
*
'
dated
$100,187
York
!'
,
161, p. 2490.
expense, on a straight-line basis over a period of 15 years.
The esti¬
benefit of the foregoing deductions for tax purposes, amount¬
New
1
-fJtrc-
Inc.—Registers Units—
mated
The
.
$2
employed -as technical consultant and will make his headquarters; at
the New
York office of this, company.
He has been employed by
E. I. du Pont de Nemours & Co., Inc., for the past 19 years in their
United
Three Tankers—
of
Tubize Raj'on Corp.—Technical Consultant Named—
$2,563,611
debt
$100f:
par
distribution
1,000 plans C and D and 1,000,000 theoretical units.
Ry.
applicable to preferred stocks—_
unamortized
A
2$.
1 ■:v
.•••:
$7,210,140
(net)__.
connection
stock,
preferred
June
April 3, last year; none since.—V. 158, p. 2296e
'
$365,009
income
Note—In
-()>!
dividend of $1.50 per share on account
a
holders of
to
10
per share was made on
1,200,000
359
income
Dividends
capital
the
on
Corp.—$1.50 Accrued Dividend—
The directors have declared
764,626
100,000
approp._
Interest, etc., charges.
Net
Dividend-jWtj^'
payable
"Taxes
Gross
■
declared
July 21 to holders of record June 30.
This
compares with 3 cents each paid on Jan, 5, last, and on June 26, 1944,
A total of 8 cents per share was disbursed in 1943.—V. 161, p. 1029.ir
$2,555,560
income
212,235.
81,511
p.'2598.
Tonopah Mining Co. of Nevada—2-Cent
A
limited-term
investments
Other
railway
income—
881,130
2,636,267
67,446
res.
of
railway
oper.
161,
stock,
161, p. 2793.
remaining 51,094 shares.—V.
Standard Oil Co. of Calif.—Buys
Sale .to
,
1.10
1943
■!>
Gross
accrued
liabilities, $14,852; deferred credits, $187,202; property
reserve,
$7,681,415;
reserve for amortization of limitedinvestments, $31,043; reserve for uncollectible occounts, $57,000;
inventory adjustment reserve, $64,089; reserve for injuries and dam¬
;
construction
Ctfffce
$854,455;
$6,787;
assets,
capital stock
$3,100;
receivable,
supplies,
accrued
ana
non-recurring
ruary,, after provision for
000
the
1944
•
"C,"
ta ke
to
information, on
more
accepting its return., ,^
operation it took 30%
more
Union Electric Co. of Mo.—Promissory Notes—
share for share
shares of the serial preferred
yStock will be redeemed on Aug, 1, 1945, at $107.50 plus accrued divi¬
dends.
The proceeds will be invested initially in U. S. Savings Notes
Series
get
Earnings for May and Year to Date
income—
oper.
had agreed
never
to
before
now
Government
railway
railway......
from,
!-
Sheet, Dec. 31, 1944
$86,294,101; investments, $14,815; cash in banks—on demand, $2,366,444; special deposits, interest and long-term debt redemption, $65,597;
working funds, $64,437;
United States Government
securities,
etc.,
issue of 150,000 shares
Any unexchanged
plus dividends.
basis,
Operation
illegal.
was
work less efficiently. He accused
of "wasteful practices.'"
from
Net
2,308,162
(net.)
income
Prop.
*
J.
attorneys to discuss means of
ownership, as ordered by Federal
a
month ago.
Judge La Buy| had
private
taken
was
conference,
back
line
claimed
It
Other
J'
2489.
p.
Walter
r,
Government"
to
1945
$4,133,655
2,374,690
—
—
Period End. May 31—
railway——
from
from
the
$4,112,714
110,287
—
deductions
other
43,686
From Jan. 1—
•^Net
the
road
7,037
reserve
term
1943
1944
1945
railway—.
from
After
the
Towne
795,914
and
Spokane International RR.- -Earnings.May-
back
Government
railroad
how
1942
/
retirement
Gross
Judge
that
with
met
road
over
by the government after the man¬
agement and railroad brotherhoods failed to settle a labor dispute! ,
1,465,885
$1,621,945
,
$16,221,052 $14,757,774 $12,550,751
direct taxes
6,542,210
5,825,655
5,308,242
1
retirement
$1,400,530
'>.(,# A >*.'•
Note—Above
$2,350,923
1,200,000
Gross
$1,492,623
1,103,027
—
—
income
'-v
Net
$352,879
: -<
%1944
1945
income..-—
ouerating
Total: interest
31,109
1,404,724
$564,790
;
taxes.—.
Interest
;yA\:7>/v:A.a;:AA
..
Net earnings
•
20,186
291,280
taxes
Common
Non-operating
315,223
$3,168,752
30,922
Net operating revenuesOther income (net)
1944
1945
;;■■■•■:;. '--A ,[y.
Southwest Natural Gas Co.
■
332,859
$3,786,756
appro.
—Jan. 1 to June 21—
12 Months Ended March 31—
Net
62,574
:
revenues
Property
72,438474
27,492,243
14,256,351
14,400,324
1944
:
Total operating expenses
the
the
conditions."
present
McNear
District
$6,654,846 $168,223,022 $162,716,197
$6,464,417
.
161, p. 2793.
Total
$2,853,529
280,920
expenses,
Federal
'/"1 \'
'';■
48,197,738
43,843,616
13,930,585
14,120,169
1945
-V.
:,
'•■..
46,547,012
Period—
Gross
3,583,801
2,831,765
.
114,093,876 107,622,678 100,968,496
income. .4.
railway.—
from
Oper.
1942
1943
1944
2,829,287
income
From Jan. 1—
Net
$3,453,897
$664,345
Texas Power & Light
$22,821,129 $22,254,433 $21,532,206 $17,111,973
9,206,986
9,022,177
10,642,965
7,650,267
<3ross from railwayNet ry.
,
2666.
p.
Operating
,
1945
y
j
oper.
50,610
$601,771
887,411
64,669
income
203,988,589
•
;
46,855
$850,974
charges
...
"under
Net
:
.
Fixed
...
Jr., President of this railroad before its seizure
in 1942, said he wasn't sure he wanted the-line
'Prom'Jan. 1:—
Miscell.
railway-
from
'jv.' 977,433
18,998
$786,305
oper.
ry.
4,992,850
'
from
10,479,151
company's
McNear,
of Defense Transportation
10,211,642
that dater
on
the
of
out
15-
pre¬
dividend
accrued
dm y-
employees to do the
206,382
3,920
9,677,673
17,394,099
4,218,635
15,329,352
3,160,200
Southern Ry.— -Earnings—
May—
A
P.
1945—5 Mos.—1944
2,055,282
>
provided
Sept.
on
convertible
plus
be payable
normally
be
$1.40
i v!".
turning
;:.
'Aa;/a''' :/A
$6,652,657 $33,390,328 $33,214,633
3,770,224
18,700,501
18,943,932
3,754,551
...
Equip, rentals (netBr).
Jt.
161, p. 2597.
Gross
capital
will
redemption
of
share,
per
p. 2490.
the Government
Mr.
ruled
1945—Month—1944
12 Months End. Dec. 31—
Net
by
•
railwayNet from railway—.
—V.
shares of
1942
1943
'
1944
3,086,638
from
161,
back
"
Ry.—May Earnings—
Prom Jan. 1—
Gross
1,874,763
2228.
Net
15,376,945
.-
listed
would
redemption
for
shares
$27
Toledo, Peoria & Western RR.—Operation Criticized-*-
,
Total
...
from
Net ry. oper,
and
issued
which
share
call
to
25,000
price of
Li-'•
Whitney Stone has been elected President to -succeed George
who becomes Vice-Chairman of
the
board.—V.
161,
$44,834,984 $44,107,988 $40,513,903 $27,447,372
...
the
call
capital.
.
4,732,896 '21,282,361 23,373,666
outstanding debt, or other
1945
from railway-
per
for
voted
20
outstanding
the
at
cents
June
on
entire
stock
.
Earnings of
May—
161, p. 2794.
Retirement of the senior shares will leave as the company's Sole
capital obligation the 462,126 shares of common stock now outstanding;
/
2,423,643
949,570:
.
Period End. May 31—
;
1,925,798
Roofing Co., Inc.—To Redeem Preferred Stock—
the
He
provision for interest charges on
non-operating income items.
Gross
*$408,656
$442,441
119,678
Texas & Pacific
87,737,486
55,095,094
9,268,726
81,783,257
\ 355,507]
4,628.348
income
oper.
ry.
'Before
,$170,636
240,608
Ry. tax accruals
1
$52,968
loss..
net
directors
1945,
ferred
Muhlfeld,
p.
175,973,780 171,393,018
1,874,261
2,244,8111
70,812]
172,844
$1,968
1942
(par $10).—V. 161, p. 2793.
Lt.-Col.
.
O.
55,521,239 257,757,037 259,130,505
20,381,698
13,437,727
Ry. oper. expenses—,
170,320
com'd
1943
Stone & Webster, Inc.—New President—
1945—5 Mos.—1944
1945—Month—1944
56,260,075
35,878,377
Ry. oper., revenues.......
$2,334,454
Prof it.—V.
of
Co.—Transportation System Earns.-
Southern Pacific
34,071
$1,711,968
1,882,604
1944
income...
from
split-up
K^-V,
42,882
deductions..-^
The
Ry.—Earnings-
shares
$536,579
$653,340
$50,058
$46,145
Balance
3,028
$225,812
Tilo
The New York Stock Exchange has authorized the listing of 3,749,526
of common stock (par $5) upon official"notice of issue as a
.
$2,300,383
5,778
Total
Sterling Drug, Inc.—Listing of New Common Stock—
412,296
$1,669,086
$168,351
$521,247
railway
"Deficit.—V.
$948,875
$1,065,636
412,296
$84,416
34,358
34,358
pfd,; stock——
on
2,084,6^90
$222,784
$4,385,073
income
gross
George
$80,503
Net income
2,095,956
income..
non-oper.
Total
;
Divs.
$3,765,042
193,929
$162,573
income..
oper.
Total
be
$416,713
187,094
vessels
new
in.
2152.
p.
railway
oper.
railway.—
Net ry. oper. income—
$1,203,399
254,524
$1,326,400
$106,779
$103,003
Standard
From Jan, 1—
2,596,441
income„—___—
the
of
Total
$349,668
rev-
...—I.
taxes
1945
from
Net
Gross
the
company.—V.
ry.
755,085
taxes____
for
$1,757,850 $19,011,832 $17,873,068
1,341,137
15,246,791
13,487,9^5
1,500,920
Hanna, J. H. MacCaregill and Hv D. Collier, in honor of officials.
that
Net
2,933,180
$1,850,588
revenue
n
'
1945—11 Mos,—1944'
1945—Month—1944
expenses—
Total net oper.
Total
new tankers will be completed by the end of next
Those acquired by the Atlantic Refining Co. will be riamed
Atlantic
Mariner
and
Atlantic
Ranger.
Those
by
oper.
Total oper.
Refiner,
Net
$7,488,106
238,080
Period End, May 31—
barrels
138,333
Total
Staten Island Rapid Transit
1945—12 Mos.—1944
$607,922
246,699
amortization
&
Provision
the
that
that
May—
$642,447
revenue
L.
of
Electric Co.—Earnings—
1945—Month—1944
Period End. May 31—
IgGross
found
exceeded
acquired
J.
for the week ended June 23, 1945,
totaled 2,006,000 kwh., as compared with 2,044,000 kwh. for the corre¬
sponding week last year, a decrease of 1.9%,—V. 161, p. 2793.
Southern Indiana Gas &
of
Delivery of all six
this company
output of
Corp.—Earnings—
(Railway and Bus Operations)
;
capacity
cargo
:
■
-
a
the
are
September.
Colorado Power Co.—-Weekly Output-
Southern
Third Avenue Transit
'
obsolete
six
Atlantic
Electric
has
•
vessels turned
in
by the Standard Oil Co. of
steam-propelled Richmond, W. S. Rheem, R. J.
Hanna, K. R. Kingsbury, F, H. Hillman and the motorship H. T.
Harper.
A total trade-in allowance of $3,102,660 was made.
The
six
old
tankers
traded in by the Atlantic Refining Co. for a total
credit allowance of $3,163,900 are the Bohemian Club, Tustem, Herbert L,
Pratt, W. M. Burton, J. C. Donnell and Albert Hill.
In each case
1888.
2489.
p.
tankers
new
gasoline.
The
acquired
~V.
the
of
'
allowance.
credit
California
646,092
53*
purposes
a
of
1,791,814
:
old
Each
523,707
1,681,245
14,286
income
Divs.
4,722,247
183,787
58,203
Interest, &c., deductions
Net
$7,666,520
4,102,267
147,037
income
Gross
$8,235,987
$647,064
318,865
$664,616
__—u—
six
for
for
1945—12 Mos.—1944
1945—Month—1944
Operating expenses —
Deprec. & amortization
Provision for taxes—_
"
THE COMMERCIAL & FINANCIAL CHRONICLE
Co.—Earnings-
South Carolina Power
Gross
WM HP
Number 4399
162
Period End. May 31—
I*
'
the
an owner of common
U. S. Circuit Court
of
contended that the SEC exceeded its power in requir¬
to effect the reorganization without obtain¬
of a U. S. District
directing United
ing either the approval of stockholders or an order
Court.
The
SEC,
Phillips
In
an
from
opposing brief, denied that its action prevented
receiving a fair and impartial hearing on the
vote.
question of the equitable and legal necessity for a stookholaers'
■
54
THE COMMERCIAL & FINANCIAL CHRONICLE
.Monday, July 2, 1945
i
It
also
denied
it
that
erred
in
rejecting his request for amendments
to
the
reorganization plan which he said would effect a fair and
equitable distribution of voting power.—V. 161, p. 2667,
,
Univis Lens Co.—New. Director—
Alvin
United Drug-, Inc.—New Vice-President—
with
Justin
W, Dart, President, on June 26 announced the election of
Gordon S. Culver as Vice-President in charge of retail opera¬
Major
tions
and
'operations..
Prior
/
to
his
Army
Major
service
Culver
Walgreen Co. of Chicago.—V. 161, p. 2043.
'
.
with
connected
was
;
Total
oper.
SS
be
they
the
to
York
New
Stock
shares
of
delivery
Olcott
to
the
Co.
Y.)
(N.
of
company
as
an
liabilities
the
stock
listing
the
of
all
451,238 shares. .C :
The company will credit capital stock account with $2,280,000 to be
represented by the 60,000 shares covered by this application.
applic.
Consolidated
Account,
Ended March
Year
31,
■
income——
—
credits
$3,880,556
$5,299,178
166,818
2,049,180
3,033,271
$136,844
$144,797
142,063
■
V
12,619
$1,831,376
$2,548,946
—_—.——
—
.
income-
Interest
$3,459,165
—.1
.
for Federal income
and
.
Utah
these
on
/;/■•'
Gross
1,704,761
1,704,761
t$5,219
„
$126,615
stocks
railway—
railway
oper. Income
ry,
Gross
from
Net
ry.
—V.
$109,762
$112,304
Liabilities—Accounts payable, $3,337,069; dividends payable, $188,418;
income and other taxes, $2,343,900; • other', current liabilities,
$1,186,941; other liabilities and deferred credits, $18,516; total reserves,
.
16,612
26,080
25,896
15,556
8,989
12,923
7,996
626,906
and
61,741
57,682
157,630
76,243
108,973
38,511
Income—
Public
-V
-
of
"
•
the
of
Utica
has called for redemption on Oct. 1, next/ at $110 a
regular quarterly dividend of SI.75 a share the outstanding
9,995 shares of 7t> "prior preference stock.—V, 161, p. 2538,p
the
by
:
Chenango,
Richfield
company
Junction
Vinco Corp.—Earnings—
-1945
——
profit after charges and
share—
per
■
—V.. 160,
been
renegotiation-;
share—,
The
split
equal $1.86 a share
5,231,000
shares since the
common
100,000
shares
of
its
699,864
that
so
new
the
end
new
common
■
securities.
Current
including
liabilities
the
an
there
that
so
During
$8,448,000
1945—12 Mos.—1S44
18,644.075
286,723
states,
"has
for
1945
.additional
are
3,446,815
.
.
in
not
the
670,243
117,370
6,782.255
238,739
9.216,014
3,732,286
2,755,721
£433,666
$8,736,638
$3,179,998
'2,751
Dr2.?,956
29,916
57,764
29,314
below)
588,736
641,431
taxes—-—-
238,282
adjusts,/-
.
reduction
the
amount
provision
on
the
of
ended
year
of
cash
and
Government
1
April
1944,"
30,
the
report
been
renegotiatiable
basis
allowance
proposed
of
of
settlement
management
production
such
of
not
been
account
has
renegotiate
determined,
been
Other
business
nature
of
its
business,
adequate provision."
and
results
of
an
in
an
\
New Division Formed—
Formation
the
and
percentage
than
indicated
by
the
1944 fiscal year; in the opinion of the
is supportable in view of the
company's
the
Industrial
/
Adhesives
Division
-
;*
\
is
announced by
Ottinger, President.
W. Robert Goepel will be
manager of
the
division, with headquarters in the company's main
office, the
Weldwood Building, 55 West 44th St., New
York, N. Y.
Lawrence
^In this division there will be
a
new
a
separate department
on
all-purpose
Pliobond,
plastic adhesive developed by Goodyear Tire &
This department will be
managed by E. A. Filley, formerly
Goodyear's plastics and coatings division.
Rubber Co.
with
The
Industrial
distribution
of
Adhesives
Weldwood
Division
plastic
will
resin
also
handle
waterproof
' / $058,005 "
income
059
(net)-—2
.
$643,846
Balance
the
glue,
sale
and
and
a
new
can be used at room temperature.
Distribution of the division's products will be effected
through the
17 ,U. S. Plywood warehouses throughout the
Country.—V. 161, p. 2490.
United
States
M.
of sales.—V,
Radiator Corp.—New Vice-President—
Baumgardner
160,
p.
has
been
on
1945
Net earnings
1944
1943
$2,663,113
(668,873
820,064
678,813
$1,174,176
682,424
requirements
682,424
$1,144,336
682,424
$2,406,457
583,308
.
taxes
required.—V.
$491,752
$461,912
$0.20
$0.93
$0.87
share————
for
either
shares.
period,
161, p. 2794.
(No
it
provision* Was
being
believed
made
that
on
owned
properties, ct cost
$43,410,437;
cost
leaseholds,
(after
reserves
stock
common
carried
at
for
none
excess
will
be
/•.LJabiSitics-i—Notes
825,000;
payable
to
h,
banks,
accounts ; pays bis,
.
-jfion.ey end cohtrattunl,
■obiigationsj'jnati'
Hiring ■ -pctfUdlyp. after", mie--" year, •■.'■$1,95)3,850;
arising from .purchase;' of' bonds.-- and
purchase
'
_
'preferred-•"stoeK--:ofsufctidiAty-.
..
ppmpf.niCvS-.held in treasury, $216,429;
remittances from foreign mbfteld. in-'...pbeyanee,..$127,750; miscellaneous deferred
credits,;
rWSMs',: reserve 'for- contingencies, $2/765,313;,- 'interest of
minority
stockholders in rubsidiary ccmpanies,
.8288,344; capital 'sfcOcit-CpariSS),
$19,006,723; capital •surplus, $57//28,455; .earsied
surplus,- $33,476,890,-'
total, $131,213,423,—V. 161, p. 2431.
:
-
■
in
i2'.—1-4/
Fed.
$5,911,273
$329,595
$417,342
"1,835,272
2,795,403
156,821
231,604
amort—/
income-,
taxes
$4,384,641
tiiv.
97,513
.
—
.
44,251
■;
$514,855 v
requirements..
in
♦Reduction
744,053
,
,;:
/i 185,929
Waukesha Motor
$4,570,570
$6,655,321
$373,846
income
emergency
as
facilities
normal life and
1,419,773.
:
Federal
allowable
which
Coda,
-
;/9 Mos. End. April 30—
resulting
taxes
from
1,171,602
amortization
♦Net
of
noi^ to replace existing facilities,—V. 161, p. 2795.
1944
$446,250
1943
1945
$8,819,840
3,468,993
805,884
May-—
Gross from
Net
from
railway—-
railway-.:——
oper..
income—
1944
1943
$1.12
;
S1.49
cents per
share, .compared with $193,813, or 50
corresponding quarter of 1944.—-V. 101, p. 2795.
$7,956,435
$7,947,650
2,923,386
3,343,251
703,880
1,027,902
Net
from
41,740,682
16,512,843
4,224,674
railway..—
from railway-
30.639,586
15,783,957
Net ry.
income—
oper,
3,834,687
—v.; 161,
Ward
p.
Western
2,398,612
793,866
neys
38.513.568
27,815,379
9,753,654
4,923,448
3,589,057
the
share
Russell,
company
warrant
share
of
class
to
of
new
A
Chairman
A
will
B
be
stock
purchase
class
plan in the
as
will
Vz
stock
receive
share
one
of. new
share of new common;
receive a warrant to
will
stockholders #will
future.—V. 161, p. 1813.
meeting
near
of
,
be
„
common
each
called
a
of
a
holder
purchase
,
and
Vz
share
to
approve
Pennsylvania Co.
$21,000,000 principal amount of
of the company and its subsidiaries.
Income Account for Years
'/':./
Operating
Operating
/
expenses
■'■
V
/",■"■
revenues
—
Net operating revenue
Tax
1..
accruals
Net
mortgage
-
$12,945,164 $12,750,254 $11,483,040
6,255,490
5,523,118
$6,689,674
$7,227,137
$7,082,241
47,949
'232,075
52,449
225.823
417,280
•402,981
$7,005,936
352,170
$7,464,076
$7,31i;848
333,084
200,815
$7,358,107
3,237,246
$7,797,160
3,287,720
$7,512 663
$4,120,860
1,241,947
income^—.
51,735
225,410
493,723
income__.,
Net
indebtedness
from
gross
Income
Dividend
on
Balance
income__„^
.;
first
to
preferred stock—
profit
$4,509,441
1,241,947
$4,162,230
1,241,947
$3,267,494
$2,920,283
and 'loss__—$2,878,913
General
•
'
j
Balance
31
1944
investment
Cash
Temporary cash investments
Special deposits
Net
balance
and
received
Material
Interest
Other
from
agents
conductors
accounts
and
and
dividends
assets
Total
,
1,282,001
1,791,822
1,735,351
848,
2,544.176
1,637.
2,175,801
1,992,
receivable..
27,272
.
24,374
23,900
56,287
56,
653,917
....
assets
——
.
2,464,676*
receivable-.
supplies
current
Deferred
$
182,203,272 180,628,173 180,11
4,871,221
4,871,225
3,61
6,300,000
4,500,000
2,60
1,297,774
1,212,333
i-
Miscellaneous
1943
$
Assets—
Unadjusted debits
As a result of
Sheet, Dec.
3.350^433
■
65,879
10,
2,944,255
2.827,
2,843,396
expected that this refinancing program will be completed prior
31, 1945, the end of the company's fiscal year.
31
4,400,799
operating
Other
Ended Bee.
Vv;/.//:/
1944.
' 1943
1942
$36,727,283 $34,705,316 $30,639 650
23,782.119
21,958,061
19,156'610
Operating income
.*.—
Joint facility
rent income„^_^__.
Joint facility-rent deductions,
Hire of equipment, net..
Property
for Insurances on Lives and
Granting Annuities of Philadelphia, Bankers Trust Co. of New York,
National City Bank of Cleveland and First National Bank of Minne¬
apolis.
The proceeds of this loan together with treasury cash will be used
to pay. the $17,000,000 seven-year bank loan previously announced and
approximately
Western Maryland Ry.—Annual Report—
Deductions
participating in this loan are: The New York Trust Co.*
Guaranty Trust Co. of New York, First National Bank of Boston,
Continental Illinois National Bank and Trust Co. of Chicago, Union
Co. of Pittsburgh,
i
Gross income
banks
is
Co. on June 25, succeeding F. T.
Woodward, who/ becomes
consulting patent attorney for the Western.
M. R. McKenney, a
patent
attorney of Bell Telephone Laboratories in charge of telephone
exchange
systems and equipment/ succeeds Mr.. Adams as general
patent attor¬
ney for the Laboratories.—V. 161, p. 2044.
/•'-
the
Inc.-—$37,000,000 Bank LoanHarry M. Warner, President, June 22 announces the
arrangement of a 10-year bank loan for $37,000,000 pay¬
able in 20 equal semi-annual installments ending with
the installment due on May 1, 1955.
Interest will be
payable at the rate of 2% per annum until Nov. 1, 1952.
Thereafter the loan, to the extent then outstanding, will
It
Edgar W. Adams, general patent attorney of Bell Telephone Laberasince 1937, was appointed general patent
attorney of Western
/
Warner Bros. Pictures,
to Aug.
Co., Inc.- -Changes in Patent Attor-
'
V,
of
common.
special
Trust
Electric
Announced—
Raking Co.—Ptecapitalization Proposed—
R..
of
$74,634, or 19
or
per share
Electric
2491.
follows: Each holder of a share of old
preferred stock will receive $25 in debentures, $25 in new preferred
stock (V4 share)
and 2Vz shares of new common;-each holder of a
of
was
cents
toxies
16,538,365
,
the Board, announces that at a
meeting of the directors held on June 21, a plan of recapitalization
was approved.
Under the plan the new authorized capitalization of
the company will be as follows:: $6,395,000 of 4r/o 25-year debentures,
$6 395,000 of $100 par 5Vi'/o cumulative preferred stock, and 1,250,000
shares of common stock of $1 par.
There will also be issued warrants
to purchase common stock to run for 10 years, to be non-exercisable
in the first year,
and the warrant price to be $12.50 per share of
common stock in the next four years and $15 in the last five years.
The distribution of new
securities to the present security holders
Faris
$1.63
(On the -460,000
$6,321,657
;
From Jan. 1—
Gross
■
$603,680
$1.43
.
♦After charges and Federal and Elate income .taxes.(par $5).
For the quarter ended April
30, 194.5 net
1942
1342
•
$595,739;.; -: $572,965
shares of capital stock
'
.
.1945
profit—-
(Earnings' ber share..
facilities under the Internal Revenue
to bo employed throughout their
expected
are
Co.—Earnings Correction—
profit
Net ry.
.
inc.
————•
Balance
The
$788,513
—-
common
and
bear interest at the rate of 2V2% per annum.
$106,089
per
♦On .528,765
profits
(&
662,645
Balance
"Earnings
Co.
(437,422
income
dividend
charge
$1,888,580
Depreciation, depletion and amort.
Preferred
in
Refining & Mining
5 Months Ended May 31—
Gross earnings.
—
taxes
Vice-President
1120.
United States Smelting-,
Subs.)—Earnings—
Federal
named
Sheet, Feb. *24, 3945
.
$6,279:914
$8,706,681
$<136,417
...
phenolic resin glue which
Carroll
Balance
.filrtiarics,
and
determined
profit
basis
and
has
the
for
a
record
sales
income
estimates
higher
a
the
to
and
eJd.2tf .trf
bonds'keJd.hf.'treasury)„■'—
.•$22!247,I$43;,-purchase
Waltash RR.—Earnings-
;•
the
charged
$8,100,000 in
.
revenues—-
oper.
•
(excl.
the
year
financial
the
,
and
1944
;
.
acquisition
Federal inc. taxes
out¬
now
fiscal
finally settled; however, provision has been
statements, by a charge to earned surplus, on
the basis of an
understanding reached with the field representatives
of the Frice Adjustment Board.
With respect to the 1945 fiscal year
made
1S44
$3,201,923; owing
to .• affiliated.'...-companies,' $14*),846;
i'pvalQes. and
ISDrt 1 eipa.tipu8'-'.p«\yable,
'advance rp'wvmerit4'.Ib'!*^'-iUai/J<!bpdM^
etc., :$41H,833;: eiisrorof-•.•subsidiaries
-operating in foreign
'pftltWm n including 'bank - kwmr of; $2>125,804.:.gUarahteeLby-Wa,f;ser/
:Bit)S.;(PlcttirflO/:,Xnc,), .■;.$6,652jOU4';/,'nete^:'payable/,-to. '"ho hits,., 'maturing':.
;alter - ona^ year/:;$8,750,000; 4/2/ scrifel debentures,.
67,COC,GQ9;/ other
-bohd-.-teieS'.-and mortgagei maturing after one .'year-'(loss"$7.U.OO0
13,134,738
2,561,95.1
2,732,591
3,582.028
213,043
■
—.
were
the 100.000 common shares.
"Renegotiation
for ; Federal
$2,500,C00; motes payable to
$4,CC5,925; amount-■■ vviiliheW- and
for. Federal
Goverr-rnent,
82,150,411;
«rcrued
lhbiliUes,
$6,351,519; -r&strve for Federal income'-taxes. (less*U. --Q.
..Treasury notes
of $11,051,780),
.810,480,313; funded debt and ether contractual obliga¬
tions
maturing' within one year (less .£G0,UGO bonds hol;l *in
treasury),
$43,091,113 $34,264,632'
1,077,147
265,542
would,
$5,365,000, leaving a net working
The company received $2,660,000 from sale of
capital'of $6,118,000.
respect of studio properties charged to film
for possible excess profits tax.
tlhcludes
excess
profits
taxes
of -,.$6;500,000
In- 1945,
profits tax, $1,485,000; prepaid
others,
Depreciation ———233,436
Amortization
of
plant / '
facilities
has also sold
year
stock,
shares.
common
$11,483,000,
1943
in
com¬
$0.33
1345—Month—1944
1,204/710
—
Maintenance
the fiscal
of
profit
year's
capital amounted
year previous.
Giving effect
fiuancing in May, however, the balance sheet shows current
assets .of
$0.97
1944,. $293,003
$1), ,$27.3,080; 'post-war - refund of
taxes, insurance, rent and other
expenses, $1,851,597; goodwill, S3,353,326*
total, $131.213,42■).
$2.71
company sold $1,000,000 additional preferred stock.
As of April .30, 1945, the company's net working
to $3,458,000, compared with $3,378,000 a
to its
in
equipment on leased properties, at
depreciation and amortization, $12,068,068).
pany's
' f
$3,276,478 ' $2,920,035
revenues-
Operation
♦Reduction
the new stock.
Company since the end of the fiscal
standing
$288,552
in
$700,000
$40,000'. in
excess
68,883
Virginia Electric & Power Co.—Earnings—
3,027,000
878,742
$3.72
•
———
two-for-one,
on
in. 1945,
$3,802,056
191,764
$1.06
•
$3,129,694; -cash appro¬
priated for purchase of property, $500,000;
mortgages, long-term notesana special accounts
receivable, $625,25.1; deposit* to secure contracts,
$738,470; miscellaneous investments (fuel. 100,254 shares of the
taxes-.—
—1—_—
i
Period End. April 3C—
Net
1944
renegotiation———1,215,995
299,932 shares.
t2 ,825,000
—
$4,141,200
191,340
$0.94
$42,238,747),
-
1235.
p.
Operating
$29,376,000 $20,563,000
—
have
1942
(Includes
coi'ectfd
Pfd.
?On
$1.24
buildings and
161, p. 922.
$1,642,487
Net
(&• Subs.)—Earnings—
Years Ended April 30—
year
$3,492,125*
——
panies, $4,768,627; buiiding and equipment
(after reserves for depreciation,
extending from
Springs
Richfield
to
ior
Interest
United States Plywood Corp.
and
-
Assets—Cash, $13,884,562; U. S. Govt, bonds, at cost or
redemption
value,, $2,270,381; accounts and notes
receivable, $2.698,049; inven¬
tories, $44,711,814; current and working assets of
subsidiaries-oper¬
ating in foreign territories, $6,235,978; investments In affiliated, com¬
New
1
common
625,000
$279,439
in
V 9,237
.
Consolidated
Lacka¬
York
Delaware,
26
•:
...
Utica,
from
and
the
June
on
have been under lease to the D. L. & W.—V,
Net
company
taxes
234 459
1943 (after deducting $300,000 in
$870,000 in 1943 debt-retirement, credit
and $350,000 in
1945, $750,000 in 1944 and $30,000 in 1943, post-war
refund).
gOn 3,701,090 common shares
outstanding- (after deducting
shares held in treasury).
*"
and
after
of
$317,863
1945,
.
with
company
announced
was
Commission.
lines
to
RR.
this
of
merger
a
Service
Branch
United States Leather Co.—Calls 7% Stock—
.
losses "
per share
$7,110,000 In
'
Western
&
Other
"Earnings per
,636,293
divs.. paid—
provision
507,815
137,178
Approval
.
Net
$12,819,746 $13,237,722 $13,953,709
•
14,658
•
10,597
J
12,509
(8,200,000
$9,110,000
$9,800,000
■
2490.
$6,401 ,834
assets
ifV" ?Exclusive
'
$4,878,279; common, stock (391,238 shares, no par),-'$17,544,956; earned
surplus, $3,194,519; stock in treasury, at cost (14,402 shares), £>r$325,*
845; total, $32,422,393.—V. 1G1, p. 2490.* "
and
$72,119,933 $12,722,174 $13,669,206
699,813
515,548
' 284,503
,
Federal
taxes
255,036
525 000
$103,124
11,295
631,886
Approved—
Earnings
March 81, 1344
prepaid expenses and deferred charges (less reserve, $34,134), $602,722;
patents and licenses, $1; total, $32,422,393.
before
9,184
fixed
unreal,
Utica, Chenango & Susquehanna Valley Ry.—Merger
1,680,000
753,672
Consolidated Balance Sheet,
Profit
of
taxes.'
for
fixed
.^Earnings
$103,934
—
$1,680,279
—
Assets—Cash, $3,201,255; U. S. Treasury certificates of indebtedness,
due 1945, $1,008,000; notes and accounts receivable (net), $4,814,363; inventories, $9,152,653; total fixed assets (net), $9,967,549; in¬
vestments, $1,684,850; fund for replacement of tankers, $1,996,000;
Sales
5,628
Net profiti—-1- 1" $4,605,088*
1942
1943
(less
Dividends .declared,- $2 per share———
share
15,853
income——.
Preferred
1944
95,743
p.
1,505 ,140
.
545,794
oper.
1,264,682
—
Federal
on
V--/.'y.
railway--
161,
1,157,539
•V.
(Deficit.—Vr 161,
cumulative.
are
railway—'—
from
923,485
170,000
v
2,298 530
—
Profit
Earnings for Quarter Ended March 31, 1945
'
(net)
Profit
costs.
From Jan. 1—
Net
2,266,126
and
$561,146
■; "'V-v." '/'•//.V'
1945
from
2,273,004
25,853
loss
sale
t
47,817,102
46,200,670
$15,314,182 $16,413,361'$17,209,199 $10,730,512
bf //'.'
1
" ;"' ' '
contingencies-
on
53,215,629
2,059,058
adjust,
assets
Ry.—Earnings—
from
2,115,404
2,189,461
amor.
deprec.
exch.
exch.
98,886
—
profits taxes
excess
post-war excess profits tax credit, $55,000)—-—,———
The
film
------.-
for
Fofeign
and
May—
910,219
-
—„——:—.'4
Net income' for year
•
and
$2,265,907
142,063
$2,734
accumulated
;
Greene
.
aft.
Prov.
2,700,943
*—.———
charges—
$303,662
—
2,514,004
52,914,080
pfd.
Dividends
2490.
wanna
Income
Profit
and exps._
1943.
p.
'32,236,453
Provision
2,417,533
Minority interest
1944
$37,486,342
Selling, general and administrative expenses——7-:
Gross
12,144
period
;
;
j
;
Income
sales
Net operating
the
Statement
'$68,228,262 $69,629,010 $63,409,868 $58,547,614
property
Prov.
to
tenants, etc.
unpaid to May 31, 1945, amounted to
$11,080,947..
Dividends amounting to $1.75 a share on $7 preferred
stock and $1.50 a share on $6 preferred stock were paid on July 1,
applied for,
Cost of
Income
for
"Dividends
:
Net
342
183,590
income—t—a—i
*
,
/.;,
,
Income
Feb.24'45
Feb.26,'44 Feb. 27,'43
Feb. 28/42,
$65,810,729 $67,115,006 $61,220,407 $56,432,210
~
profit
Cost of sales
Other
Net
stock
etc.—
■"Amort,
$328,387
Balance
entirety, subject to the asspmption by the
of the Dodge company making the total
common
rental,
Gross
,
1,894
deducts.
mortgage debt.
(& Sub.)—Earnings-
1945—Month—1944
1945—12 Mos.—1944
$1,078,302
$1,203,171 $13,906,690 $18,291,422
income—
stocks
60,000
official notice
upon
and clear of
26 Weeks Ended—
Film
Loss
Net
Net
par),
Potash
....
13,004,863
of
(no
free
Consolidated
$5,286,559
exchange, assignment, conveyance and
the property and assets of Dodge &
the
of
company
number! of shares of
hafT authorized
Exchange
common
the
$3,868,412
U. S. Industrial Chemicals, Inc.—Listing of Additional
Stock—
/
The
of
$303,320
Common
additional
director
a
be
been
$326,493
♦Divs.
company
issuance in, connection with
is
been
has
161, p. 2377.
revenues..^
Total income
into Government war service, but they will
in the post-war period.—V. 161, p. 2598.
go
and
organization
has
substantial
Pearson
10,038,278
on
ready
are
available
Mr.
.
Launched—
fifth of nine fully refrigerated vessels being built for
Steamship Co., a subsidiary of the United Fruit Co.,
June 24 by the Gulf Shipbuilding Corp. from their
ways at Chickasaw,
Ala.
SS. Junior is a sister ship of the SS. Fra Berlanga, which was
launched on
June
11, 1944, the first to be completed of the nine
vessels now being built for the United Fruit Co.'s contemplated post¬
war
weekly service between the west coast of the United States and
Central America and the United Kingdom and Europe.
As fast as the
vessels
Lehman Corp.,
represent the
to
Net oper. revenues-;—
Other income (net)
Mail
launched
was
the
Co.,
concern.
899,851
Junior,
United
the
its
the
751,809
Gross
United Fruit Co.—New Ship
in
Total oper. rev. deducts.
"y
the
'
.
since
Lens
Univis
Corp.
Period End. May 31—
under
ATSC
the
Utah Power & Light Co.
duty, with the Army Air Force, Major
Major-General Bennett E. Meyers
at
Wright Field,
Dayton, Ohio.
He played an important role in
organizing and directing activities of the supply division engaged in
equipping and supplying our superfortresses for their Far Eastern
in
served
Lehman
Vice-President of
a
of
Lehman
of
financing substantially all of the properties located in the United
States owned by Warner Bros. Pictures, Inc., and its subsidiaries Will
Rents from
merchandising.
has
Pearson,
director
a
Co. of America.—V.
Recently released from active
Culver
W.
elected
holdings
this
—:—
.
II.1
203,753,253 200,757,855
194,668,134-
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4399
162
Volume
the
of
CommonUstock
53,286,898
—
53,286,898
17,742,050
6,138,200
6,138,200
bonded and secured debt
62,147,866
63,017,866
66,163,866
payable
payable
1,176,474
1,607,735
33,605
399,666
3,360
1,945,474
1,176,549
39,309
335,939
2,898
489,392
495,417
2,232
1,118,431
1,092,996
32,906
382,082
1,834
518,043
2,017
preferred stock-J
preferred stock-,—
Grants in aid of construction-
First
Second
Mortgage,
&
Traffic
accounts
Audit,ed
&
matured
Dividends
payable,
first pref.
rents
Other
_—
1.962
accrued
5,035,474
1,487,043
36,592
22,287,141
27,728,773
liabilities
and
loss
203,759,253 200,757,855
-
:
Earnings
Operating
Net
revenues--—
_
485,000
Taxes
Operating
facil,
Joint
rents—i—rents (net)
3,305,000
Cr91,797
Drl4,436
.
$489,845
$2,524,607
Cr30,718
Cr343,176
Dr73,391
save
Income
inate
Creates
that
that
income-
$465,919
$508,874
29,289
'
149,933
oper,
—
$498,070
$538,163
270,056
1,351,935
charges—
acct.
♦Include
tization
of
From Jan. 1—
Gross from railway-—
Net
from
Net
ry.
—V.
$1,909,621
$1,592,390
$268,107
$224,135
income—
Net
$3,260,394
1,350,773
$2,944,325
273,935
income
Gross
Fixed
amor¬
$426,474
$426,215
$85,295
of
there
Colorado
following
Net
from
from
Net ry.
*
1942
1943
$5,326,570
$4,654,847
$4,000,096
1,839,846
2,068,369
,1,944,068
534,216
616,593
1,042,105
$2,798,049
1,112,236
833,335
24,201,639
20,827,182
17,074,614
12,752,414
8,288,090
7,255,409
4,320,529
Fuel
2,726,446
_
2,511,884
3,793,060
3,018,934
income—
from
Net
from
Net ry.
—V.
railway
income—
oper.
161,
(a)
the
Net
from
Net
ry.
1942
$439,858
$356,215
131,659
211,095
187,226
152,186
36,867
52,784
55,275
72,115
2,211,987
2,321,187
2,165,834
679,721
870,522
942,429
1,489,669
559,545
192,657
236,025
275,462
income-
„
Lr;',
from railway——
ry.
income-. _-/■
oper.
the
&
&
that
of
j
4.
Fuel & Iron
prders.l
_______
—
—
1944
share
of
combined
preferred
new
and
'.
-
$0.67
•
stocks "now
common
out-
of
-
the
have
Gre&t
of Com¬
Britains
position
.'"V'"];.;
Syria:;"V
instructed
been
by/my
government to convey to the gov¬
ernment of France the deep con¬
which my government feels
cern
with
to recent develop¬
ments in Syra and Lebanon.'
regard
An
impression has been created
the
Net
the
.using
States
the
presenting to
was
governments
and
Syria
of
Lebanon, proposals
which, if ac¬
cepted, would give Frence a spe¬
cial.
position in those countries, a
French
warship
was
landing fresh
armed forces in Beirut.
Syra
and
Lebanon
.
are
*
recog¬
by France and the United
nized
States
They
as
independent
are
countries.
also members of the
United Nations whose
representa¬
tives, including representatives of
France and the United States, are
now
of
very
international
or¬
discussing in San Francisco
The United States
places a great
the historic friendship
value upon
which
since
bound
it to
Common
accord¬
warrant
convertible
of
Wickwire
shares
of
at
the
Fuel
preferred
option
the
of
plant,
holder
stock
shall
convertible
&
Iron
Corp.
will
dividend
of
$1
and that
in
the
a
consent
per share
meantime
to
be
to
prior to the
Colorado
its
founding
It
France.
1944
3,912,000
$439,000
has
considers
a
democratic past,
have a
particular responsibility for the
vitality and influence of the dem¬
tradition, and that the
to
influence
the
course
of history depends upon the man¬
ner
which
in
which
are
of their
the
great
nations
power
their willingness to
co¬
operate with one another.
The
government of the United
States, therefore, in
a
on
264,000
$0.82
toward
Net
Mississippi Valley RR.
1945
from
to make it clear
those countries and to all the
that, in its dealings with
States, France intends
the Levant
It
most friend¬
also
was
1,000,381
585,388
231,958
987,309
713,574
15,847,958
14,326,295
6,486,061
5,193,832
2,323,545
1,833,443
16,370,825
7,117,146
3,341,947
11,743,979
5,361,558
4,061,024
-
■
government
of
Hama
has
appealed to the 9th Army to ar¬
range for an armistice in order
that the many dead and wounded
may be evacuated.
independent members of the
family of nations.
parts of Syria, notably the Jebel
Druze, where French officers have
been taken prisoner.
The
Mr. Eden's Statement
I informed the House last night
of
a
very
had
serious situation which
in
developed
Syria, where
there is fighting between Syrians
and French troops.
I /
promised last night to keep
the House
fully informed as early
as
I could of any decision His
Majesty's Government might take,
-
The
situation
has
deteriorated
still further since last
Our
minister
in
night.
Damascus
of
President and
Syria has sent
to
the
British
minding
us
be
said
that
with
duress.
the
France
freely
had been caused
through¬
Middle
were
East
serious
and
entertained
for
tranquility which
East
mile apart
All.
but spreading.
telephone
been
communication
between
cut
Damascus
wireless.
French
the
yesterday
arranged with
military
afternoon
authorities
and
British
and United States civilian colonies
were
disturbed.
evacuated from Damascus.
City Is Bombed and Shelled
After that the center of the city
most
subjected to the heaviest and
concentrated
directed upon
it.
shell-fire
against Japan.
war
to avoid
collision be¬
a
British and
French forces
request
we
you immediately to
order French troops to cease fire
and to withdraw to their barracks.
"Once the firing has ceased and
order has been restored
be
prepared to
discussions
here
I feel
sure
with
events
that,
in
we
London," the
once
shall
that the House will
me
and
in
will
deploring/these
share
my
hope
order has been restored,
be
able
to
last
the
resume
diplomatic initiative which I
tioned
shall
tri-partite
concluded.
message
agree
begin
men¬
night and might
-ar¬
peaceful settlement Which
possible effort had been
made to enjoin calm on both sides
will be
satisfactory to the parties
concerned.
Every
appeal in
any
this
sense
have
would
effect.
all
the
that
they
yet
,
arrangement
by
which; the
will be associated with these dis¬
circumstances
conclusion
r
Syrian and Lebanese governments
the
British government have come to
the
i
We also have in mind, of course,
an
Message to De Gaulle
can
no
cussions.
with
all
We
the
are
in closest touch
governments
con¬
longer stand aside and the Prime cerned, including the United States
Minister
sent
has
the
accordingly
following
today
message
to
"In view of the grave situation
which
has
arisen
of America, but
I would not wish
to say more about
the diplorp^tic
arrangements which we contem¬
General de Gaulle:
was
for the
order
range a
In
An armistice was
be
In
tween
and he did not think that a further
that two great fires were burning
in the center of the city, about
one
to
East, which involves communica¬
tions
so
ports that there
not
of
blood in the interests of
the security of the whole Middle
we
was
and
was
sion
the
necessary in that area if the vital
line of communication to the Far
was heavy firing
shelling during the night and
to prevent the further effu¬
vene
and
greatest
state of
re¬
independence and
also
The
the
fears
re¬
had indorsed
we
conducted
under
concern
government
urgent appeal
negotiations
should
not
out
had
we
treaty
an
government
that
the promises of
that
1942
$2,435,251
2,065,184
Fighting is spreading to other
and
1943
$4,003,203
789,041
bombed from the regret ordered the
commander in
;'T ;T
chief in the Middle East to inter¬
VT;-v—
The
•Earnings—
1944
$2,669,301
fully sovereign
as
$1.08
$3,688,926
1,707,378
railway
railway___s_
from
Net ry. oper. income
—V. 161, p. 2491.
$0.72
air.
Syria
way
them
$324,495
161, p. 1706.
From Jan. 1—
$190,000
and Lebanon with the purpose of
a
♦726,429
V ^
1
sharesIZ—ZZIIZ
300,000 capital
158,000
its exponents make use
position and their
and upon
share
per
$1,050,924
taxes———IIICT
profits
:
railwayfrom railway
ry. oper. income—,
Net
130,000
264,000
ex¬
which that tradition will
continue
excess
profit
Gross
$478,000
and the seacoast, and we are only
in
touch with our minister by
to
and
May—
247,000
stock____„
policy
Co.—^Earnings—
'
100,000
its
resigned.
4,289,000
39,000
Worsted
.♦After post-war refund of
$63,554.—V.
-
$526,000
capital
treat
$0.75
Earnings for 6 Months Ended May 31, 1945
after charges-
Federal income
$4,728,000
cash_
to
$0.85
r~
190^ SinCC 1928' succeeds p' B* Taylor- who has
p
Net income
Net
world,
336,223
-
Wyandotte
<Sc
$218,000
to
1944
$252,723
338.446
D,
Earnings
1945
::
has
tent
~
1813.
con¬
Fuel
$565,000
finding
1945
$287,327
Kennedy, Vice-President and Manager of the Cincinnati
been named Vice-President and General
Manager of the
with headquarters at
Paterson, N. J.
Mr. Kennedy, who has
—VVieo
39,000
review
'
'
preferred
-V ■'■' 'T'T;. 'V
the payment
quarterly dividends
pay
expenses—,
on
:
has
company
stock.
common
Fuel
operations.
share
Corp.—Weekly Output—
charges and taxes—______
outstanding--
share—
per
William
Co.—Earnings—
and
shares
Earnings
preferred
which share the inheritance of
ocratic
1,589,446
agree¬
of
common
Spencer
Colorado
issue
that France and the United States,
common
V 9,130,360
1 2,460,520
1,110,546
Quarter Ended March 31—
Net income after
"
per
time
member of the future
a
2,024,281
2795.
p.
Colorado
convertible
an
income
Earnings
spirit and principles which that
organization is being established
to defend.
/
■
United
been
Levant
Corp. create
5% cumulative
May 31—
Dividends paid in
threat, of
force to obtain from Syria and
Lebanon concessions of a political,
cultural and military nature.
It
is understood that, at a time when
the French delegate general to the
*
161,
Gross from
ganization- may be pursuing a pol¬
icy not in conformity with the
have
the
for Federal income taxes (est.).
security
organization is in process of being
created at San Francisco, that in
order to inspire confidence in its
future effectiveness
all nations,
both great and small, refrain from
any act. which might give rise to
a
suspicion—however unjustified
—that
8,487,663
____
income-
oper.
—V. 161, p.
stock
deductions /■—.i—_1
Provision
/' It is important, at the
when
486,582
Woodward Iron Co.—Earnings-
...
to provide,
increased
be
income
States and else¬
where that French representatives
the
in
as
'<■
is the text of a note delivered to the French
provisional government at Paris by American Ambassador Jefferson
Caffery, as reported by the Associated Press from Washington, May
31. It; is followed, by the text, as^
reported by the Associated Press means for guaranteeing world se¬
from London; May 31, of Foreign curity and for combating aggres¬
Secretary of State Anthony Eden's sion. T:;;..'T;-,:j \
I
so
common
common
Iron
par
the right to continue
share.—V. 161, p. 2378.
•'
has
the .House
254,558
2_2
2"""2~"
2;"~2~I
railway—
railway
Colorado Fuel &
$4,438,000
The following
to
122
,2
for the week ended June 23, 1945,
10,725,000 kwh., as compared with 10,838,000 kwh.' for the
corresponding week last year, a decrease of 1.0%.—V,
161, j>. 2795.
stock and
outstanding; and to
now
i
hand and Syra and Lebanon
one
630,234
totaled
the
on
■•
the
stock to
reserves
per
brought protestation from Government heads in
and'Washington in an effort to bring about a peaceful solu¬
regarding
companies
ly spirit^ earnestly urges the gov-?
eminent of France carefully to
other
1944
$1,997,424
570,106
,
__
Electric output of this corporation
"}
directors
T; TTy'1 .V- T-v';V-:-
be
merger,
goods sold
>
Other
"following the fixed policy
The quarrel between France on
on
share
the hew Colorado Fuel
l/10th
Colorado
MM
mons
of
■'v..;V;," •r-%"
cents
Total
Chairman,"stated that> the reduction in net income
^from lower-prices on war material
1945
$1,850,781
■
income——
Yazoo &
V'TTT
A, W. Robertson^
statement
&
shall
share
profit from
Other
income
8,631,690
7,689,043 :
the shares.
tion.
each
common
warrants' for
$20
as
it
Net
standing, consisting of 319,896 shares of 7% preferred and 12,506,324
shares of common,
after allowing for the participating provision of
London
two
present outstanding
and
sales
Cost
796.564,382
•Earnings per share_--__-___—-V-w--■ j ,".* $0.60
the
the
merge
_______
on
$4,886.00a
Wright Aeronautical Corp.—Official Elevated—*
Fuel
known
that
and
Corp.
of 25
326,258,529 325,817,736
V
:
Wisconsin Public Service
held
company,
board
Corp. be recapitalized
for
outstanding
9 Months Ended
556,818,396
—
inwme
,
shares
Colorado
be
to
That
Iron
$
on
to
this
the
Corp. be adjusted in accordance with
summation' of
256,025
kV\ V"-• .1945
May 31—
775,000
839.000
from
Net
sales
arose
Corp.
of
from
2491.
5 Months Ended
♦Based
directors
offer
Spencer become merged into
two
That'each
stock;
Net
Net
of
an
splitting of the
the
Iron
one
3.
Westinghouse Electric Corp.—Earnings—
Net
Co.—Merger Proposed—
board
Iron
Wilson Jones
Unfilled
ry.
presented
by Wickwire Spencer of
Net
161, p.
from
Net
:•
exchanged for 1
/
railway-
Net
—V.
into
1943
$528,799
railway:—
from
V " 1944
I
1945
$447,773
From Jan. 1—
Gross
Net
1,077,562
■
the
that
stock;
.ToT: ~
oper.
3,180,253
1,527,366
:
(b)
Alabama—Earnings-
railway—.
.::
from
4,873,693
1,316,767
the authorized amount of
(c)
Western Ry. of
May—
of
was
Fuel
issuance
stock,
Gross
3,556,162
1,550,744
Gross
—V.
Wickwire
for
cause
2491.
p.
9,072,934
ingly
railway—;
•
537,000
railway———,
railway
oper.
4,981,219
That Colorado
2.
From Jan. 1— '
Gross
ry.
11,236,102
ment; and
railway—,—
oper.
240,000
1,492.000
,
—
.
from
10,034,816
Corp.
1944
9,349,723
railway.—
:
■
2,635,000
$5,182,000
11,822,047
basis:
That
1.
Iron
Gross
$397,000
250,000
-
From Jan. 1—
;
.
income
meeting
26,
1945
May—
$259,000
2,635,000
—
j
—
1473.
p.
from
Net
243,420
$4,886,000
'
taxes——
Wisconsin Central Ry.—Earnings'
'
:
'
Net
7,000
■
$5,182,000
__
accruals———
—
May—
Gross
788,617
railway
oper.
a
June
Western Pacific RR.—Earnings,»•
—
32,000
,,
5,000
Total
161, p. 2491.
At
defense
$85,243
surplus
-V„ 161,
$2,087,477
-
and
Federal income
Earned surplus
1,028,380
336,810 " i
241.000
32.000
.
payable
for
1942
l,oTo~,ooo
1,319,000
—
—
v3i»ooo
disposal
__________
i
1
180,000
_______
—„
——
Capital
$2,427,538
Wickwire Spencer Steel
projects _______
-V. 161, p. 2491/ ;,
Total
amortization
Capital stock (par $10)
832,118
298,004
less
Inabilities—
$2,215,272
•«.
—
-
To",000
8,000
41,000
income taxes-
1942
;
—
Accounts
994,160
320,460
130,000
profits taxes__„.
(het)_
equipment
Provision
$2,424,663
income
oper,
and
Patents,
;,v
1943
2,000
.
,
>
ry.
railway—
railway.
from
i-: ';:J
■
1944
i■■ 1945
598,000
1,271,000
77,000
advances-
on
331,000
496,000
1,250,000
Idle plant, less res, for deprec. & loss on
employment, whereas even in wartime a large
paid for taxes could not be spent for things
employment,"—V. 161, p. .2667.
from
Net
$3,130,253
130,141
$2,794,392
32,151
ry.
Plant
$98,000,000
Wheeling & Lake Erie Ry.- -Earnings—
May—
Gross
and
refund of excess
Deferred charges
normal
the
of
produced
■
(less reserve)
—
Refund due from Govt,
,
produce
share
receivable
$1,248,000
212,000
Mortgage note—Kansas City land and buildings
and employees' notes and accounts
this
spending of
notes
investments
Post-war
to the Government in taxes to a greater or less degree
normal employment or at least is a potential, creator of un¬
employment, '/ v", j-t-V'
'
'• '
"The Significance of this statement is vividly illustrated by a com¬
parison of what Westinghouse paid in taxes in 1944 with what it was
permitted to keep as net income. It paid to the various taxing authori¬
ties a total of $98,000,000; it retained as net income only $25,000,000,
The company or its stockholders could
spend the $25,000,000 for things
reduces
Net
Net
Employment—"The
and
1944
$1,507,000
Officers'
on
every dollar paid
074,015
Other income————
Sundry
additional in-;
would create employment in a normal manner and would elim¬
a corresponding need for a dole or WPA
.spending.
In peacetime
come
$3,000,913
0203,355
Drll,689
Accounts
patriotic
no
to
and
demand deposits—
Treasury certificates and tax notes
S.
"
1945
hand
on
Inventories
both corporate and individual, were allowed to retain substan¬
tially more of their income than they can today.
3,217,000
-
U.
war
payers,
$6,217,913
$388,558
income•
Equipment
$5,829,607
the
that
reminder
a
Comparative Balance Sheet, May 3t
,
Assets—
Cash
individuals have to carry.
person would suggest that we skimp on our war
taxes," Mr. Robertson said, "it is a fact that in the
post-war years ahead the country as a whole would profit if its tax¬
Date
to
$1,195,845
706,000
$873,558
yevenue-
oper.
and Year
work al¬
war
and
"While
effort
1945—Month—1944
1945—5 Mos.—1944
$2,930,337'
$3,135,837 $15,956,009 $15,763,078
2,056,779
1,939,992
10,126,402
9,54.5,165
Period End. May-31—
•Operating expenses
May
for
1
24,008,112
30,414,799
Total
1
67,597
"is
businesses
194,668,134
'
1
.'
Unadjusted credits
Profit
338,098
liabilities—.
current
all
margin In
narrow
a
cut in backlog of unfilled
production load on business will
one day disappear,
and then buisiness and workers again will have to
depend upon civilian needs for orders and jobs.
How well they fai'e
when that time comes will depend in part on how heavy a tax burden
4,001,545
457,941
;
37,064
18,926,523
24,339,991
liability^—5,903,439
tax
Deferred
stock
accrued
interest
Unmatured
Accrued
payable
on
corresponding decrease in our manufacturing costs."
a
Backlog of Unfilled Orders Reduced—The
orders
425,742
unpaid_-„_^..—;
Unmatured
•
wages
accounts
Miscellaneous
Interest
bal.
service
car
17,742,050
operate
to
company
though without
53,286,898
17,742,050
6,138,200
55
between
your
plate at this stage.
I feel
sure
House would also share my
the
hope
nothing should be said at this
troops and the Levant States and
that
the
stage which will make that diplo¬
severe
broken out
fighting
we
which
have with
has
profound
matic
initiative
more
difficult.
THE COMMERCIAL & FINANCIAL CHRONICLE
56
Monday, July 2, 1945
BOND PROPOSALS AND NEGOTIATIONS
V:/1;;-;;-,
from
Tucson),
recent elec¬
a
proposals
Bond Sale—An issue of $38,300
$2,729,584 in the preceding
•
'';Among other sources of revenue
that
increased
in both
periods
were
liquor sales taxes, liquor
permits, drivers license fees, and
Ariz.
Voted—At
Bonds
tion two bond
Eudora
year.
ARIZONA
Amphitheatre School District (P.0,
were ap¬
proved by the voters; $40,000 high auto license fees. Beer taxes de¬
school
improvement bonds was clined in both periods.
carried 82 to. 18, while $50,000 ele¬
mentary school improvement Bright Star School District No. 6,
1
Ark. '■
"bends received an 83 to 17" ap¬
Bond Sale—The $62,300 2%%
proving count. These funds will
be joined with a grant of $52,500
refunding bonds offered for sale
made
by
the
Federal
works recently were awarded to T. J.
agency, - according toPaul Guit- Raney & Sons,- of Little Rock.
Dated May 1, 1945. Denominations
teau, School Superintendent,
$1,000 and $500, one for $300, Due
;/ AR K AN S AS» ^ '
Jan. 1, as follows: $2,300 in 1946,
$3,000 in 1947 to 1952, and $3,500
Arkansas (State of)
;
,
■
.
.
.
.
Bonds Restored to N. Y. Legal
List
Bonds
-T-
eligible for, purchase
made
been
of the State have
by savings banks in the State of
New York, it was announced on
July 1 by Elliott V. Bell, Superin¬
tendent of Banks, Arkansas bonds
appeared on the New
York State legal list since 1933,
when the State defaulted.
This
not
have
condition, however, was corrected
pursuant to an
refunding plan, which is
ago
years
many
over-all
credited with having
strengthened
in
1953
1946,
1,
J an.
paying
interest
any
on
in¬
in
Callable
1964.
to
numerical order after
verse
date at par
and accrued interest
from surplus in the
building fund only. They are also
callable on any interest paying
date after Jan. 1, 1946 to Jan; 1,
1952 at 102; from July 1, 1952 to
Jan. 1, 1957, at 101; thereafter at
par.
Principal and interest pay¬
with
money
Commercial National
able at the
Bank, Little Rock. Legality ap¬
proved by Wallace Townsend, of
Litle Rock.
gree
prevailing,
previously
hot
<
Conway Street Improvement Dist.
No.
18, Ark.
Because of this fact, arid the ex¬
cellent record of debt payments
To Refund Debt—The Commis¬
achieved by the State subsequent
sioners of the above District, have
refunding, it was gen¬
to the debt
"Expected
erally
restored
be
would
its
that
bonds
the
to
New
legal list. In announcing
this had been done, State
York
that
Banking Superintendent Bell said;
"The
name
the
of
State
of
De¬
partment's 'legal list' for the first
time since its removal in 1933 be¬
Arkansas
appears
of default.
cause
the
upon
The provisions
regulating State obligations
savings bank investments re¬
quire a ten-year record clear of
default.
The
Banking
Depart¬
ment in reinstating approximately
$135,000,000 of State of Arkansas
bonds to the 1945 'legal list' has
of law
as
affidavits
consideration to
given
and certificates submitted
on
to
by and
behalf of the State with respect
factual
the
situation
and
has
accepted these certificates as es¬
tablishing that there has been no
default on any obligations of the
State
of
Arkansas
within
the
meaning of Section 235 of the
Banking Law within the ten-year
,"
statutory period,"
Gross
May
Collections
Tax
Decline—Gross tax
Show
tions of the State for
collec¬
May of this
totaled $4,157,157, compared
with
$4,268,320 in
May,
1944,
Otho A. Cook, commissioner of
the
State Revenue Department,
year
announced recently. For the first
11 months of the fiscal year, from
July
1944,
1,
tax
receipts
lections for the calendar year, 1944
$36,330,369.
Income tax
1
r
revenue
eleven
months
declined to
this
of
year
from
$3,510,571 in the comparable
period of last year.
Gasoline tax receipts
increased
$936,469 in May from $827,153
in
the
corresponding month of
to
1944.
riod
the
For
eleven-month
old bonds bore interest at the rate
5 %,
and the district proposes
new bonds, payable over
a
period of eight years, bearing
3% interest, the proceeds of the
new bonds to be used in paying
off the old bonds, the
last of
which matured last May 1.
to issue
For
the
first
four
tax
was levied on
the real property
in the district, but since 1934, be¬
certain
of
cause
tended
by
years
State
a
aid
ex¬
the
State, it was not
levy any tax. De¬
to
linquent taxes that accrued, dur¬
necessary
ing these
years
in the approximate
of $10,000, at this time, have
been ordered to be collected, and
sum
the proceeds from these taxes will
be used toward payment of the
debts
of
pointed
the
out
district.
that
It
was
further
no
aid
from the State could be expected,
and in order to pay off the new
bonds, it would be
the
future
amount
to
in
property
necessary
levy a tax
the district,
sufficient to
on
in
all
in an
off the
pay
balance of the district's bonds.
Corning
School
Special
No.
8, Ark.
refunding
chased
Sons
bonds
recently to T.
of
Little
District
,
Bond Sale—An issue of
2%
$88,500,
was
J.
Rock.
pur¬
Raney
Dated
May 1,1945. Denominations $1,000
and $500, Due Jan.
1, as follows;
$5,000 in 1946, $5,500 in 1947 and
1948, $6,000 in 1949 to 1951, $4>
500 in 1952 to
1962, and $5,000 in
1963.
Callable in inverse numer¬
ical order on any interest
paying
,
date
at par and
with
money
accrued interest
from surplus in the
building fund only and not with
gasoline taxes rose to $10,from $9,716,768 a year
money
from any other source.
They arc also callable in inverse
earlier.
numerical
tSales
tax
.
also
revenues
in¬
creased in May to
$895,765 from
May, 1944. For the
eleven-month period they rose to
$9,756,016 from $9,211,560 a year
in
$813,842
earlier.
.
Cigarette taxes in" May declined
to $189,199 from $251,660 a year
earlier.
In the eleven-month pe¬
they
declined
to
$2,401,016
order
paying date
1946 to and
at
on
on
any
interest
and after Jan.
1,1955,
at
101, and thereafter at 100 from
funds from any source; Principal
and interest payable at the Com¬
mercial
National
Bank,
Little
City
district,
valuation
refunding
bonds
was Mr. Bell states that the unlimited
awarded recently to T. J. Raney tax obligations only of the issuers
& Sons, of Little Rock.
Dated are thus qualified:
May 1, 1945. Denominations $1,000
Alhambra.^
and $500, one for $300. Due Jan.
Alhambra City School District.
1, as follows: $9,800 in 1961, $10,Alhambra City High School Dis¬
000 in 1962 and 1963, and $8,500
trict.''
the
would
total
be
assessed
than
more
$1,300,000, according to E.
L.
Whitson, chairman of the Westminister
Chamber
of
Commerce
sanitary committee.
Such expansion of assessed val¬
would
make it
possible
uation
ultimately to float a bond issue
nu¬
Centinela Valley
Union High for installation of sewage disposal
interest School District
lines
and
a
sewage
treatment
(Inglewood).
paying date at par and accrued
plant, which Midway City under¬
■''VFresno County. yy
■ ■'•■">'
interest with money from surplus
took to do several years ago but
/.
in both building funds,; and not .Inglewood.
which was■*abandoned when
it
Inglewood City School District.
with : money
from
any % other
found its assessed worth too low;
Long Beach. /..
;
source.
They are also callable on
to finance the improvement.
;
Long Beach City School District.
Jan. .1 of any year beginning in
Long Beach City High School
1950 from funds derived from any
Oakland, Cal.
District,
source.
Bond Sale — The $15,754,000
Principal
and
interest
Riverside City Jr. College Dis¬
payable at the Simmons National
riiunicipal improvement bonds of¬
trict.
fered for sale on June 21—v. 161,
Bank, Pine Bluff. Legality ap¬
Riverside County.
proved by Wallace Townsend, of
p.
2381-r-were awarded to
the
in
Callable
1964.
merical
order
inverse
in
on
any
.
.
f
.
.
.
,
Little:Rock.
;\:
San
;
Ark.
Bonds Purchased—The $48,500
2*4% refunding bonds offered for
sale recently have been purchased
by the W. R. Stephens Investment
Co. of Little Rock. Dated June 1,
1945. These bonds
1,
follows;
are
due
Bonds
Purchased—An
issue
of
21/2%
refunding bonds
had been purchased recently by
T. J. Raney
& Sons, of Little
Rock.
Little
Rock, Ark.
City
Clerk, has announced that all out¬
standing 2 Vz % airport improve¬
Bond Call—K. C. Graham,
ment
bonds
ment
called
for
on
are
pay¬
Sept. 1, at par and ac¬
crued interest, at the Chase Na¬
tional, Bank, New York City, th<?
paying agent'. Dated Oct. 1, 1940.
Interest
ceases
on
date called.
County Pulaski Road Im¬
provement District No, 10 (P.O.
Little Rock), Ark.
Bonds Publicly Offered r— An
2% refunding
bonds is being offered for sale by
T. J. Raney &
Sons, of Little
$546,900
Dated June
Rock.
1, 1945.
Due
1950,
$14,500 in 1951, $21,500 in 1952,
$22,500 in 1953 and 1954, $24,500
in 1955, $26,000 in 1956, $27,500 in
1957, $28,000 in 1958, $32,000 in
1959, $33,000 in 1960, $33,500 in
1961, $34,000 in 1962, $35,500 in
1963, $36,000 in 1964 and 1965,
$37,000 in 196-3, $37,500 in 1967,
arid $39,000 in 1968,
Said bonds
Dec. 1, as follows: $6,400 in
callable in inverse numerical
are
order
on
Dec. 1,
1948,
or any
in¬
terest paying
date thereafter, at
102.
Principal and interest pay¬
able at the Peoples National Bank,
Little Rock.
These bonds, in the
of
counsel,
constitute
valid and legally binding general
obligations of the district, for the
payment of which the district has
pledged, mortgaged, assigned, set
over
and transferred to the trus¬
tees, for benefit of the bondhold¬
ers,
all of its income and all bene¬
fits and taxes heretofore and here¬
after levied and assessed upon the
real property, railroads and tram-
roads in the district.
The inten¬
tion of this pledge is to
give the
bondholders a first and preferred
lien upon all taxes levied and to
be levied and upon the entire rev¬
enues
of the
district from what¬
derived. Legality ap¬
by Rose, Loughborough,
Dobyns & House pf Little Rock.
ever
source
proved
CALIFORNIA
California
Local
Bonds
York Legal List
following local
Santa Ana High
trict.
(State
Placed
—
of)
on
School Dis¬
County.
Hollister, Cal.
Sale—The
$400,000 water
Bonds of the
taxing units are
eligible for purchase by New York
State savings banks, it was an¬
Rock. Legality approved by Wal¬ nounced on
July 1 by Elliott V.
lace Townsend, of Little Rock.
Bell, State * Banking "Superinten-
net interest basis of about
as follows:
For $2,025,000
maturing $405,000 on June 15,
par,
a
1946 to 1950, as 5s, $2,430,000 ma¬
turing $405,000 June 15, 1951 to
1956, as %s,-$4,860,000 maturing
$405,000 Jurie 1957 to 1968, as Is,
and $6,439,000 maturing on; June
supply bonds were awarded re¬
cently to the Security-First Na¬
tional Bank of Los Angeles, at a
price of 100.001, a net interest 15, $405,000 in 1969 to 1975, $404,cost of 1.355%, as follows:
Fqr 000 in 1976, and $400,000 in 1977
$300,000 maturing $15,000 on June to
1984, as iy4s.
Interest J-D,
15,1946 to 1965, as lV4s, and $100^
Other bidders were:
000 maturing $20,000 on June 15,
1966 to 1970, as 1^2 s. Dated June Halsey, Stuart & Co.,
'
i
15, 1945.
Denomination $1,000. Mellon Securities Corp.,
Pittsburgh,
Principal and interest payable at
the City Treasurer's office.
;
Le¬ Chemical Bank & Trust Co.,
New York.
gality approved by Ofrick, Dahlquist, Neff; Brown & Herrington, Blair & Co., Inc.,
of
San
Francisco.
Among the Kidder, Peabody & Co., other bidders were:
Phelps, Fenn & Co.,
1
Bidder
Price Bid Paine, Webber, Jackson &
Curtis, and Associates
^
Blyth & Co., and American
*
Francisco,
jointly. For $75,000, 4y2s,
and $325,000, !%s
100.00
(Net interest cost 1.384%)
Weeden & Co., and Heller,
~
Co., jointly. For
$325,000, 1 y2s, and $75,000
Is
wU
100.14
—
(Net interest cost 1.421%)
Bank of America National
Trust
&
Savings
Delayed—The
$8,500,000 school bonds approved
by the voters last April, will not
be
offered
until
sale
for
Blyth & Co.,
.
First Boston Corp.,
Harriman Ripley & Co., Inc.,
Northern Trust Co.,
-
First National
Long Beach School District (P.O.
Long Beach), Los Angeles
County, Calif.
Offering
$2,025,000, 5s, $4,455,000,
Is,
and
$9,274,000,
.
iy4s
.-..^-.——^-100.02
(Net interest Cost 1,2824%.)
Chicago,
Asso¬
ciation, San Francisco:
For $195,000, iy4s, and
$205,000, l%s.~
—
100.09
(Net interest cost 1.431%)
Bond
For
American Trust Co.,
San Francisco,
Bruce &
after
■■■'?
Bank,
Portland,
Security-First National
Bank, Los Angeles, and
'
'
!
Associates
For
$2,835,000, 4s,
$4,455,000, Is, and
$8,464,000, .iy4S
100.12
(Net interest cost 1.2971%.)
First National
Chicago,
Bank,
...
First National
Bank,
New York,
17. Special measures must
be adopted by the State Legis¬
lature before such offering.
Midway
City
Sanitary
District
(P.O. Santa Ana.)
Seattle-First National Bank,
Seattle, and Associates
;
Lazard Freres &
Sept.
Calif.
Operation
Liberalized
Author¬
ized—Reorganization of the above
district, formed several years ago
under the ,1919 act, was ordered
by the Board of Supervisors on
June
took
12
on
/
Co.,
Lynch, Pierce,
Fenner & Beane,
1
Merrill
v
and the district today
"new lease on life"
a
$2,025,000, 5s, and
$13,729,000, iy4s
(N et interest cost 1.3209%
100.02
Harris Trust & Savings
itself.
anticipation
.
,•
enlarging
of
■'
■
.
-
sanitary district
Bankers Trust
act of
district and
permit it to have its own assessor
for evaluating properties within
its confines. Heretofore, its assess¬
ment reports were complied by
the county assessor and some op¬
position had arisen that these
were
too low.
Expansion is probable for the
district, it was, indicated, with a
Westminister - Barber City - Sun
Garden Village
;
J. P. Morgan & Co.
.
1923, is to liberalize operation of
the virtually-dormant
1
Bank, Chicago,
Chase National Bank,
New York,
Co., New York.
Inc.,
Smith, Barney & Co.,
The reorganization, under the
Goldman, Sachs & Co.,
modified
with
-
For
.
New
National Trust
Savings Association of San
Francisco, and the Central Bank
of Oakland, jointly, at a price of
yy^v^yvyy 1.22%,
■
Santa Barbara
Bond
of America
&
School
Trust Co., San
Pulaski
issue :of
Bank
Elementary
District.
$2,500
Humphrey School District, Ark.
$31,500
Santa Ana
Jan.
on
in 1946 to
1948, $3,000 in 1949 to 1957, and
$3,500 in 1958 to 1961.
as
Joaquin County.
Santa Ana.
•.
Fouke School District No. IS,
1,
1,
The aggregate par value of
involved is $27,000,000 and
debt
2 y4%
includingJuly 1, 1950
on: and
after Jan.
1951 to and including July
102;
dent.
opinion
pe¬
104,268
riod
-
&
$1,685,626 in May from $1,832,0D5
a year ago and to $2,968,141 in the
first
plans for refunding the
outstanding bonded indebtedness
of the district amounting to $24,000.
The district was organized
in 1930 for paving and making
extensive repairs to Highway 65,
through the city.
The original
bond issue was $103,500.
These
were
$34,604,262, as against $33,891,251
a year
earlier. Total gross
col¬
were
announced
of
District, Ark.
.
the State's debt structure to a de¬
:
School
tract preparing to
Should the large
vote on the issue.
territory be added to the Midway
R. W.
Pressprich & Co.,
F. S. Moseley &
Co.,
Mercantile-Commerce Bank
& Trust Co., St.
Louis, and
Associates
v
*
'
1
•
For
$2,430,000, 5s, $3,645,000, Is, $7,270,000, iy4s,
and $2,409,000,
l%a(L_100.126.
(Net interest cost 1.375%.)
Oceanside,/Cal.
Bond
of
Election
$85,000
Held—An issue
sewage
disposal plant
bonds was submitted to the
voters
at the election held on
June 26.
t*
Volume
LHE COMMERCIAL & FINANCIAL CHRONICLE
Number 4399
162.
Western State College of
Orange
County,
Garden Grove
Elementary School Dist., Calif»
(P.O.
1. Home rule for municipalities
counties is mandatory.
The
Colorado
Edwards
County
Road
District
No. 5 (P.O. Albion), III.
Bond Sale—The $7,500 3% road
construction bonds awarded re¬
and
Colo.
Gunnison),
contains
constitution
provision
the next general assembly
adopt
optional forms of
Bond Sale Details—The
a
$108,000
refunding bonds that
& Co., of must
suance of $240,000 school building
home rule and submit them to
and
improvement bonds by a Cincinnati, were awarded also, to
Walter; Woody & Heimerdinger, the various counties and cities for
count, of 301 to 364
of
Cincinnati, and Coughlin & acceptance or rejection in referenPetaluma, Calif.
Co., of. Denver, as associates in dums; one of the optional plans
must include the initiative, ref¬
Bonds Voted—This city took a the purchase of the bonds at par.
big step forward on June 12 in'fu¬ Dated Jan. 1, 1945.
These bonds erendum and recall.
ture accomplishment of civic im¬ are due 011 Jan. 1, from 1946 to
2. Cities and counties are per¬
mitted to make zoning laws, elim¬
provements when the voters gave 1968.
their approval by ballot, although
inating the need for local amend¬
CONNECTICUT
by a light vote, to three post-war
ments to the constitution or legis¬
building
projects
invQlving
a
lative changes in municipal char¬
Nor walk, Conn.
bonded indebtedness of $970,000.
Bond Issuance Proposed — The ters.
These include a new city hall and Board of Estimate and Taxation
3. Political subdivisions are per¬
auditorium,
estimated
to
cost on June 13, proposed the issuance mitted to contract among them¬
$420,000, together with a site, and of $1,000,000 retaining wall-bonds. selves for exchange of services.
Bonds Voted—At a recent elec¬
tion
the
voters
23A%
approved the is¬
revenue
awarded
Widmann
to
authorization to the board of ed¬
Norwalk
ucation to bond the Petaluma high
.school
First
The
6.
\
FLORIDA
for
sale
on
June
Pierce, Fla. ;'
Publicly Offered
Bonds
25—v.
Authorized—The
City
ordi¬
calling for an issue of $100,000 municipal building bonds.
Council recently passed
an
nance
Jasper Township (P.O. Fairfield),
':•/;,y:Legality Approved—An issue of
$6,500 3% road boads ■ has been
approved as to legality by Charles
&
Trauernicht,
of
St.
Louis.
Dated May 15, 1945.
:
■•■■
•
'■ / •:^
Mercer
^
Legislature is au¬
provide methods for
merging county and city govern¬
thorized
—•
An
(P.O. Aledo), III.
County
Bond
7. The State
Fort
Bond Sale—The $1,500,000 bonds
offered
1,
Geneseo, III.
municipalities
issue revenue bonds to build
acquire electric and gas util¬
or
Offering—O.
H.
L
e e,
County Clerk, will receive sealed
bids until noon (CWT). on July 5
for the purchase, of $200,000 1V2%
County Hospital coupon bonds.
Dated
July
1,
1945,
Denom.
1,000.
These bonds are due $20r
000 on Jan. 1,1947 to 1956.
These
bonds
are
part of the $300,000
to
issue of
I,/.■
$1,924,000 series B and C, ments.
refunding bonds of 1944, are being
From the. national" viewpoint,
offered for sale by. a syndicate
outstanding features of the new
It. H. Moulton & Co., both of Los
headed by B. J. Van Ingen & Co.,
constitution include elimination of
Angeles, jointly, at a price of Inc., and constitute the unex¬
the poll tax as a prerequisite for
100.50,
a
net
interest cost of changed portion of an issue of
voting, elimination of the "grand¬ issue authorized at the election
1.134%as follows:
,'
$3,484,000.
Thomas M. Cook & father clause" of the present con¬
held on June 4.
Payable from
$800,000
City High
Sch. List, Co. of West Palm Beach, Fla., on stitution
requiring a voter to own the
proceeds of annua 1 voted
bonds. For $400,000 maturing May 15, 1944, entered into a con¬
40 acres and a mule and to be a
tax of twenty cents or so much
$40,000 July 1, 1950 to 1959, tract with the city to refund all descendant of a veteran of some
thereof as may be necessary on
as
Is, and $400,000 maturing of the outstanding debt. The re¬
war;
elimination of special tax each $100 of assessed valuation of
:
$40,000 July 1, 1960 to 1969, funding bonds are dated Jan. 1,
exemptions to favored corpora¬ taxable
property in the County,
as iy4S. ,vk.•■/' 1944.
'gv
tions, establishment of an effec¬ which tax is in addition to all
Names
500,000 City Sch. Dist. bonds.
Paying Agent — The tive budget system, and creation
statutory and constitutional limit¬
For $250,000 maturing $25,000 Manufacturers
Trust, Co.,
New of a constitutional Veterans Serv¬
ations.
Principal
and
interest
July 1, 1950 to 1959, as Is, York, has been appointed re¬ ice Office.
payable
at the
First
National
and $250,000 maturing $25,000 demption
agent
in
connection
Bank, Chicago.
No bids for less
July 1, 1960 to 1969, as lV4s. with the $1,980,000 series of 1937 Richmond County Board of Educa¬
than
par
and accrued interest.
tion (P.O. Augusta), Ga.
200,000 City Junior College Dist. refunding bonds.
Delivery will be made at the ex¬
bonds. For $100,000 maturing
Bonds Made Legal in New York
pense of the County on or before
Jacksonville, Fla.
State
Unlimited tax obligations
$10,000 July 1, 1950 to 1959,
Borrowing A u t h o r i z e d—
Aug. 1, 1945, at Chicago.
All bids
as Is, and $100,000 maturing
unit have must be unconditional.
The election held on June 19 re¬ of the above taxing
The ap¬
been declared legal investments
$10,000 July 1, 1960 to 1969, sulted in favor of
borrowing $1,proving opinion of Chapman &
for
New
York
State
as iy4s.
These bonds are all
savings
000,000 on the security of the two
Cutler, of Chicago, will be fur-s
dated July 1, 1945.
;.
banks, according to an announce¬ nished the purchaser. Enclose a
City-owned airports for improve¬
ment by Elliott V. Bell, Superin¬
The net highest bidder was:
certified
check for 2%
ments after the war.
of the
tendent of Banks, dated July I.
amount of the bonds, payable to
Halsey, Stuart & Co.,
North Miami, Fla.
the County Treasurer.
Northern Trust Co.,
Bond Sale—The $72,000 issue of
IDAHO
Chicago, and
Rochelle, III.
1944, bonds offered for sale on
Phelps, Fenn & Co.,
Lapwai, Ida.
The bonds were sold at a price
June 25—v.
161, p. 2837—were
jointly,
Bonds Voted—An issue of $14,- of 100.262, a net interest cost of
awarded to the Crummer Co., of
: ' For
$1,125,000, iy4s, and
water
system
acquisition about
Orlando.
The
bonds
are
de¬ 000
1.31%,
as
follows:
For
$375,000, Is
100.018
bonds was favorably voted at the
scribed as follows:
$25,000 maturing $5,000 on May 1,
(Net interest cost 1.197%.)
No 1947 to 1951, as Is, $25,000 matur¬
$29,000 3% refunding bonds. Due election held on June 20.
San Lorenzo Valley Water District
;•
on July 1, as follows:
$7,000 date of sale has been fixed as yet. ing $5,000 on May 1, 1952 to 1956,
as
(P.O. Boulder Creek), Cat.
in 1948, 1947 and 1949, and
iy4s, and $25,000 maturing
Madison County (P.O. Rexburg),
$5,000 on May 1, 1957 to 1961, as
New Election Planned—The
$8,000 in 1950. C
Ida.
43,000 31/2 % refunding bonds.
$300,000
water
revenue
bonds
Bond Sale—The $100,000
hos¬
Due on July
1, as follows:
submitted to the voters at the
Rosictare, III.
pital bonds offered for sale on
election held on March 27, failed
$4,000 in 1973, $17,000 in 1975
Bond
Ordinance
Approved—
June 22—v.
161, p. 2600—were
and 1974, and $5,000 in 1976.
to carry by a slim margin.
The
awarded
to
the
First Security The Board of Aldermen passed
These bonds are dated July 1,
issue will jbe re-submitted to the
Trust
Co., of Salt Lake City. ordinances late in May, calling
1944.
voters sometime this Fall.
Dated July 1, 1945.
These bonds for the issuance of the following
Palm Beach
:
County East Shore are due in 2 to 15 years from date bonds amounting to $200,000:
161, p. 2711—were awarded to the
Security-First National Bank, and
,
—
,
,
,
■
valorem
taxes
•
.
bids
Enclose
to
be
levied
will
be
considered.
certified check for $509,
a
Fairmount School
Bond
Call—F.
Town, Ind.
Galey.
Stanton
Superintendent of the Board of
Trustees, calls for payment on
July 1, funding bonds Nos. 5, 11
and
13,
amounting
to
$3,006*
drawn by lot for Redemption, part
of an original issue of $22,500.
COLORADO
Drain District
A urora Sanitation District, Colo.
Bond
issue
Election—An
$50,000 sanitary
sewer
A
of
validation
line bonds
bonds
will be submitted to the voters at
an
election to be held
on
Petition
Grand
County, Kremmling Union
High School District, Colo.
$344,000
been
authorized
refund
dated
of
like
a
Dist.
Bond Call—Donald D. Scheib,
Secretary of the Moffat Tunnel
Commission, has announced that
the
1,
above
1945,
District
pay
and
will,
July
on
redeem
bonds
Nos. 337 to 672, dated July 1,
1923,
in
denomination of
$1,000
•
bond,
together
thereon
and
with
unpaid
per
interest
to
amount
11,
of
bonds
Bond
City, Fla.
Election—An
\
issue
mitted to the voters at
to be held
on
upon
presentation
of
an
sale on June 22—v.
awarded
were
to
161,
Bond
lin.
Dated
June
These
July X,
1946, Jan. and July 1, 1947 to 1956,
and $2,000 Jan. 1957.
The next
highest bidder was City Securities
bonds
1,
1945,
due $1,500
are
on
Corp., Indianapolis.
Indianapolis, Ind.
Bond
the
of
Contract—The $11,-
Decatur
l1/2%, semi-annual, fire de¬
partment bonds authorized at the
election held on June 19, have
contracted for.
Ind.
June
Dated July
$500,000
airport develop¬
ment bonds awarded on June 1 to'
Shields & Co., Coffin & Burr, both
of New York and the City Secur¬
ities
ly,
Corp v, of Indianapolis, joint¬
Is, at
as
basis
of
price of 101.776, a
0.789%, has been
a
about
cancelled.
,
Veedersburg, Ind.
Other Bids—The $150,000 water
revenue
bonds
awarded
works
June 18 to Pohl & Co., of Cincin¬
nati,
3s at
as
price of 101.631,
a
basis of about 2.89%—v. 161, ps.
2600—were also bid for as fol¬
a
lows:
•„
For
F.
S.
Yantis &
City
';
consider
Co., and
Corp.,
Securities
Indianapolis, jointly.u.-102.126
."4':',Vj,,,For 314% Bonds 4;/; 4
•'
Charles A. Hinsch & Co.,
Westheimer & Co.,
and
jointly
...w_.._.__._100.68
Walter, Woody & Heim¬
1444-4-
erdinger
For 4%
a
"-;v :!
cance to
;■>' jointly
-
The document provides a great¬
degree of "home rule" for local
governments in addition to other
changes that modernizes the 68year-old constitution presently in
force, the American Municipal
Association reports.
Algona, la.
—
The $30,000 sewer
bonds offered for sale
bonds
due
are
$3,000
on
1946 to 1955. The next
der
was
$150,000
Bond
in¬
are
October
called.
1,
Nov.
Cummins,
for Is, at a price of 100.53.
;
1,
highest bid¬
&
■,
Fort Dodge, la.
:
Sale—The $100,000 street
improvement bonds offered for
sale on June 22 were awarded tq>
Wheelock & Cummins, of
Des
1956.
The
amounting
loan
to
to
biders
-
the
one
,
A.
to
be
were
interest
who offers the lowest net
on
all
maturities
of
the
bonds
a
price
are
next
of
due
in
highest
follows:
,
;
Price Bid
For %s
—____.»^.«.100.200
Carleton D. Beh Co.,
For Is
Glenwood,
Bond
and
la.
Election—An
•
issue
r
of
$249,000 electric system construc¬
tion
bonds will be sub¬
an election
revenue
mitted to the voters at
to be held
on
July 9.
Oskaloosa,
..
la.
Bonds
Defeated—The
$60,006
municipal
airport
construction
and equipment bonds submitted
to the voters at the election held
on
March 26 was defeated.
Vinton, Iowa
to
deducting
therefrom the premium bid, if
any.
No bid for less than par and
,
as
at
Bidder
in
interest cost to the City to be de¬
termined by computing the total
their
%s,
as
Halsey, Stuart & Co.,
Ind
Offering—HaroId
multiples Of
% of 1%, and not more than one
rate shall be named by each bid¬
der.
The highest bidder will be
Ball, Dis¬
calls for payment
refunding bonds
Nos. 66 to 85, dated April 1, 1936,
payable at the Continental Illinois
National Bank & Trust Co., Chi¬
cago.
Interest
ceases
on
date
on
Wheelock
1947
Elkhart,
School District No. 85
trict Treasurer,
June 21
0.84%. Dated July 1, 1945. These
bonds
$28,000.
(P.O. Elmwood Park), III.
Bond Call—Arley M.
on
161, p. 2383—.were awarded
to Halsey, Stuart & Co., as Is, at a
price of 100.90, a basis of about
—v.
These
of interest
Cook County
:
100.00j
Bond Sale
.
er
"
■;
100.205.
of)
the state's municipalities.
'
Doyle; O'Connor & Co.^
and R. S. Dickson & Co.,
Moines,
Advisory
hospital bonds offered for sale re¬ Pribble, City Comptroller, will
cently have been purchased by;G. receive sealed bids until 2 p.m.
New Constitution Has Municipal H. Walker & Co., of St. Louis, and on July 9 for the purchase of
Significance—The new State con¬ Quail & Co., of Davenport jointly, $50,000 fire equipment of 1945
stitution, approved by the Legisla¬ as follows: $120,000 as 2s, and bonds, not exceeding 2% interest.
ture this year and up for final $30,000 as l3/4s.
These are the Dated June 15, 1945. Due July 1,
confirmation at a special election bonds authorized at the election as follows: $2,000 in 1946 to 1950,
and $8,000 in 1951 to 1955.
held on June 4.
Rate
in August, is of especial signifi¬
(State
-lOOAOr
Bonds
Board of
Trustee will meet to
petition calling for an
emergency
>;'-v
Bonds Purchased—The
■/.
3*4% Bonds
Considered—On
the
29
Township
These bonds are due $2,000 in 1947, and $3,000 in 1948 to
>'•■• '
Township (P.O. Camby),
Petition
Loan
1, 1945.
1950.
,
Sale Cancelled—The sale
Bond
Clay County (P.0. Louisville), lit.
'.'GEORGIA.
r
Sale
p. 2712-A
Johnson
the
County National Bank of Frank-,
,4 ■44::.'#>.■ ^
,
INDIANA
000
election
July 19,
July 1,
thereof,
with unpaid
coupons, at the In¬
ternational Trust Co., of Denver,
or
the American Exchange Na-.
Among the provisions of
tional Bank (Irving Trust
Co.), terest to local governments
New York.
the following:
1945,
to
$280,000 City bonds will be sub¬
Georgia
-
May
bonds,'..'.
y
Champaign, lit.
Circuit
July 1, 1942.
Panama
amounting to $24,000 were called
for payment on July 1, at the
office of Coughlin & Co., Denver,
with interest to Jan. 1,1947. These
bonds are due on Jan. 1, 1947 to
1957, redeemable on Jan. 1, 1947.
Tunnel Improvement
Colo.
on
$60,000 water refunding bonds
140,000, water and sewer revenue
ILLINOIS
refunding
in
'
of issue.
been
Bonds Called—An issue of 3%,
Iseries
of
1936, building
bonds
Moffat
filed
The issuance of The bonds
Court.
July 16.
was
.
has
(P.O. Clewiston), Fla,
Filed^-A petition for
.
Franklin, Ind.
Bond Sale—The $33,500 munic¬
ipal building bonds offerer for
r
:
and
payable to the City.
election, have been sold.
Bonds
may
ities.
Riverside County Riverside School
Districts (P.O. Riverside), Cat.
recent
a
and
Counties
the direct obligations of the
City payable out of unlimited ad
tional
(P.O. R.R.
Haven), III.
Bonds Sold—The $20,000 road
improvement bonds authorized at
must be retired within five years.
State
July 1 by Elliott V. Bell,
Superintendent of Banks.
acquisition of necessary land and
improvements to the schools.
T ownship
New
Bonds Legal in New York
school
The bonds will
be
the
.
projects
include a swimming pool; new eligible for New York State sav¬
school gymnasium, shop building, ings banks, it was announced on
expansion.
to
Emma
4. Bonds may be issued on the
District,
Taxing
Conn.
■
accrued interest.
Peoples National collected on all of the. taxable
Bank, of Grayville—v.
161, p. property in the City.
The opinion
2712—were sold at a price of 101,- of Ross, McCord, Ice & Miller, of
533, a basis of about 2.10%. Dated Indianapolis, approving the legal¬
June 1, 1945.
Denom. $1,000 and ity of said bonds will be furnish¬
$500,
These bonds are due $1,500 ed to the successful bidder at the
in 1946 to 1950.
expense of the City.' No condi¬
cently
approval of a majority of the
State registered voters in an election.
5. A 3 per cent additional bond¬
—Bonds of the district, payable
from unlimited taxes, have been ed indebtedness may be contract¬
added to the list of investments ed for emergency purposes, but it
'•:■;':•
which
includes
the rural areas adjacent to the
city, in the amount of $550,000 for
school
plant improvement
and
district,
57
Bonds
held
on
proved
Voted—at
June
the
12
the
issuance
an
election
voters
of
ap¬
$70,000
THE COMMERCIAL & FINANCIAL CHRONICLE
memorial
building
construction
Bonds Voted—An issue of
interest
June
on
if
such
any
called
$70,-
Avoyelles
12.
1
(P.O.
of Appeals
Court
Contracts T
Rules Insur¬
a x a
b le
T h
—-
e
of Appeals held re¬
divided opinion that
the right of beneficiaries to draw
State
Court
cently in
a
benefits
insurance
annuities
and
is
subject to ad -valorem taxation,
thereby involving potential mil¬
lions
of
dollars
since
enue,
in
the
tax
new
rev¬
valorem tax
valuation.
ad
rate is 50 cents per $100
Commissioner R. Campbell Vansant wrote
the majority
Chief Justice
which
from
opinion,
Henry
the
tax-ridden
most
State
bids
shall
be
in the
utility
gas
161,
for
assailed
Vansant's
Mr.
two
and
the
Day
Other
1946.
Circuit
opinion reversed
County
It
Court.
concurred
was
in by Judges Gus Thomas, James
W. Cammack, C. B. Latimer and
William H. Rees.
;
,
Under Kentucky law, the owner
of
dividend-paying
stock must
the stock
pay. ad valorem tax on
and income tax on the
dividend.
Hertofore, the owner of an in¬
surance
contract yielding cash
benefits has not been compelled
to pay ad valorem tax on the con¬
tract, but merely income tax on
certain portions of the benefits.
For ad valorem tax purposes, the
new
court ruling, was regarded
as putting dividend-paying stocks
and income-producing insurance
"contracts, in virtually the same
.category.
New
Bond
Orleans), La.
Sale—The
above
named,
agents, have announced that
the
$109,000
various Louisiana
municipal bonds were sold on
as
June
26,
follows:
as
$81,000 Louisiana (State of) 3%%
refunding bonds, at a price
of
123.12.
Due
$31,000 on
Aug. 1, 1957 and $30,000 on
Aug. 1, 1959. 77V:!
h
5,000 Fifth Louisiana Levee Dis¬
trict 5% bond?, at 127.29. Due
.
Oct,
on
Sikes School District
(P.O. Sikes), La.
River Threatened
Dwellings to
Jbe Eliminated—This city plans to
Not
Sold —The
construction
the
at
$50,000
carried
that
bonds
election
held
Oct.
on
dwellings, most of
substandard, from a
240-acre section of the city which
1944, have not been sold
becomes flooded with every minor
3,
Prince
eliminate
which
all
are
rising of the ' Ohio River.
city hopes to condemn the
erty
and
rehouse
the
before the next.flood season, the
National Association1 of Housing
Officials reports.
;Taylor
Campbells-
.
Bonds
Sold—It
Offering—G.
Shugart,
County
Schools, will
of
is
reported by
Walter Wise, County Judge, that
the
$38,000
2%%
semi-annual
school building revenue bonds of¬
fered on April 3, were purchased
by the Bankers Bond
Co.
of
bonds
Louisville, at
a
price of 103.00.
jWestern Kentucky State Teachers
College (P.O. Bowling Green)
Kentucky
.
,
'
Bond
Sale—The $240,000 semi¬
annual building revenue refund¬
ing bonds offered for sale on June
16—v., 161,
chased at
of, about
1945,
000
p.
2601—were pur¬
price of 103.00, a basis
1.65%.
Dated July 1,
a
Due Jan. 1, as follows: $5,1946, $11,000 in 1947 and
are
due
$10,000
on
July 1, 1946 to 1965.
MASSACHUSETTS
Everett, Mass.
Note
Sale—The
400,000 tempo¬
rary notes offered for sale on June
Merchants National Bank,
Boston
$12,000 in 1949, $13,000 in
1950 and 1951, $14,000 in 1952 to
1954, $15,000 in 1955, $14,000 in
1956 and 1957, and $15,000 in 1958
to 1963.
All of said bonds at any
time
outstanding shall be redeem¬
able
in
whole
or
in
part
in
the
are
due
Nov.
on
27, 1945.
The next highest bidder was the
Merchants National Bank, Boston,
at 0.342%.
Other bidders
were as
follows:
if
called
for
re¬
Bidder
Middlesex
Bank
Rate
County
Goldman, Sachs & Co
0.345%
0,35%
Second National Bank***
0.35%
Everett National Bank___
0.35%
First National Bank
0.352%
*****
at
a
discount
of
0.35%.
Dated
June 28, 1945.
Denoms. $25,000,
$10,000 and $5,000.
These notes
before Jan.
bidders
1960, and without
Sale
Mass.
The
—
sold at
•;
a
are
No.
$50,000
notes offered for sale
These notes
are
due
on
Jan.
were
as
23, 1946.
follows:
Bosworth
tax
June
on
and
19,
discount
of
Dated
interest
bank '
be
lowest
Wakefield, Mass.
sale
considered.
The
June
on
25—v.
161,
will
the
de¬
Townships,
Consolidated
are
I, Fractional
Superintendent, is¬
of July 1.
date
Clair
Bond
C7
for
Frac¬
Shores), Mich,
Offering—Dagmar
Dal-
Other
of 100.144.
•:/■ /:
County
Bonds
Offered—C 1
a u
d
considered.
authorized
is
able
property
valorem
taxes
School
The
and
therein
as
may
Dis¬
|
required
such ad
be neces¬
defeated
stitution
X
and
of
the
the
State
State
Limitation Act.
Con¬
Property
The
School
District authorized an increase in
of
tax
rate
limitation
to
2%%
the assessed valuation for the
years
held
1945 to 1949, at an
on
June
election
11* 1945. Award will
be made to the bidder whose bid
at
purchase
the
_
issue
of
bonds was
held
election
on
June 11* A;
Bird Island, Minn.
:Certificates
Steffen,
Village
sealed bids
Clerk,
Pi¬
price of 100.17.
a
.
'
Wheaton, Minn.
i
Bonds Voted—On June 12 an is¬
of $75,000 hospital construc¬
;
sue
tion
and equipment
favorably voted. 7
bonds
was
V
Wright County Independent School
District No. 23 (P.O.
Buffalo), Minn.
tl)
i
Bond Sale—The $32,000 refunding bopds offered for sale on June
to
161,
J.
June' 25,
a
p.
2713—were awarded-
M. Bain
apolis,
until 8 p.m. on
was
Jaffray & Hopwood, for Is,
at
Gustave
as
basis
&
Is* at
of
g
about
1945.
Co.
of
Minne¬
price of 100.156,!
0.988%.' Dated!
These
bonds
are
These
the
bonds
are.'due
July 1, 1946 to
name
1956.
$1,000 on
for; Is, rat a price of 100.15.
-Bidders to
the rate of interest.
-
MISSISSIPPI
;; *
lowest net interest Blue Earth School District
(P.O.
cost to the District after deducting
Blue Earth), Minn.
the premium offered, if any. In
Bonds
Voted—At
an
election
determining the net interest cost held on June 20 the voters ap-r
interest on premium will not be
proved the issuance of $345,000
considered as deductible, and in¬
School addition bonds by a count
terest on bonds will be computed
of 800 to 72.
from July 6, 1945, to the respec¬
Cass County
tive maturity dates. Bids will be
Unorganized Terri¬
conditioned upon the unqualified
tory (P.O. Walker), Minn.
Bond Sale—The $70,000
legal opinion of Miller, Canfield,
1V2%
Paddock & Stone, of Detroit, ap¬ refunding bonds offered for sale
proving the legality of the bonds, on June 22—v. 161, p. 2840—were
The cost of such legal opinion and awarded on a bid of 100.144, a ,
produces the
The next highest bidder
per,
received
June
—
.
Bond Sale—The $19,000 refund¬
purchase .of $11,000 due on July 1, from 1946 to 1955/
certificates of indebtedness. Dated incl. The next highest bidder was
July 1, 1945. Denomination $1,000. the First National Bank, St. Paul,"
28
for
Offered
/
ing bonds offered for sale recently
were
awarded to the Arlington,
State Bank, as Is, at a
price of;
100.65, a basis of about 0.835%.,
22—v.
the bonds and interest
thereon, prescribed by Section 21
Article
Minn.
Defeated—An
Bonds
$3,500 park
sary to pay
of
Lake,
Battle
$26,000 semi¬
bonds offered
June
on
Sibley County Independent School
District
No:
69
(P.O.
Arlington), Minn.
V.
e
refunding
100.03 for 1.10s.
Aitkin),
$1,000. Due July 1,
Cline, County Auditor, will re¬
as follows:
$26,000 in 1946, $27,ceive sealed
bids until 8 p.m.
000 in 1947, $28,000 in 1948, $29,(CWT) on June 29 for the pur¬
000 in 1949, and $30,000 in 1950.
chase of $78,000 refunding bonds,
Rate of interest to be in multiples
hot exceediiig 2% interest.
These
of !4 of 1%. Principal and inter¬
bonds are due on Aug. 1, as fol¬
est payable at the Manufacturers
lows: $8,000 in 1947 to 1949, and
National Bank, Detroit. No bid for
$9,000 in 1950 to 1955.
less than all of the bonds will
Sale—The
1950, inclusive. Second best bid-;,
was Kalman
& Co., offering/
7
(P.O.
Mlnn^V.-yk'
Janesville,
sale
•
follows:
der
Minn.
Dated July 1, 1945. De¬
15, as
1955, Incl.
fray & Hopwood of Minneapolis,
as
1.10s, at a price of 100.08, a 7
basis of about 1,085%. Dated July;
1, 1945. Due on July 1 in 1946 to
MINNESOTA
Aitkin
nomination
be
said,
22—v. 161, p.
2713—were awarded to Piper, Jaf-:
1946 to 1948, as 114s, and $20,000
maturing $10,000 on July 1, 1949
1950, as Is. Dated July 1,1945.
Denomination $1,000. y The only
other bidder was Crouse, Ben¬
nett, Smith & Co., For $40,000,
114s, and $10,000, Is, at a price
lier, Secretary of the Board of
Education, will receive sealed bids
until 7 p.m.
(CWT), on July 6,
for the purchase of $140,000 school
coupon bonds, at not
exceeding
31/2% int.
as
June
on
Bond
annual
about 1.07%, as. follows: For $30,000 maturing $10,000 on, July
1,
Townships,
due
From 1948 to
by the New York
tional School District No. 3 (P.O.
St.
soon
Frost, as 144 s.
15, 1945. These bonds
Dated June
School
Corp., of Detroit, at a price of
100.084, a net interest cost of
Lake
as
are
ready, and in any event
within 40 days after acceptance of
awarded to the First of Michigan
MICHIGAN
and
made
be
bonds
(P.O. Warren), Mich.
/ /
Sale—The $50,000 school
coupon bonds offered for sale on
June 25—-v.
161, p. 2840—were
partment regarding the municipal
debt structure, according to an
sued under
will be
of / Dorsey,
Bond
eligible for New York State
savings banks, because of lack of
announcement
maturity.!
The District will fur¬
Coiman,
Barker, Scott & Barber, of Min¬
neapolis, both without cost to the
purchaser, and delivery thereof :
114s, and $20,000
Sterling
District No.
of invest¬
ments
State Banking
to
than par
opinion
p.
awarded to the First
and
Warren
ity in amount of $431,000 have been
to
cost
to the State Bank of
Warren
gate List—Bonds of the commun¬
available
interest
bid for less
-
Shawmut Bank, Boston,
information
or
trust
company
desig-'
by the purchaser. Bids will'
compared according
to the.'
maturing $5,000 on Aug. 1, 1948 to bid. Enclose a certified check for
1951, as Is. Dated Aug, 1, 1945. $1,800. payable to the District
Denomination $1,000. These bonds Treasurer.
are due $5,000 on
Aug. 1, 1946 to
Faribault C o un t y Independent
1951. The next highest bidder was
School District No. 131
McDonald
Moore
&
Co.,
and
!
(P.O. Frost), Minn.
Crouse
Bennett,
Smith & Co.,
jointly, for $20,000 l!4s, and $10,- [Bond Sale—The $15,000 refund¬
ing bonds offered for sale on June
000, Is; at 100.06, a net interest
25—v. 161, p. 2713—were awarded
cost of 1.10%.
-
a
June
at 0.40%.
removed from the list
1%.
nated
a
25, 1945.
These notes are due
$300,000 on Nov. 8, 1945 and
$200,000 on Nov. 29, 1945. De¬
nominations. to suit the purchaser.
The only other bidder was the
National
multiple of V\ or,
Principal and,
payable at any suitable'
a
of
,
for
the
Bank, Boston, at
0.387%.
there-,
the rate of !'
bish tho 1
printed • and executed
bonds and the ; approving legal
—
1946 and 1947, as
First National
name
Sale
8
June
to
in
one-tenth
of
awarded
1, 1951,'
interest date
Bidders to
No
2839—were
V
were
bids
sealed
at par on July
any
interest
&
Michigan Corp., of Detroit, at
price of 100.036, a net interest
cost of 1.025%, as follows: For
$10,000 maturing $5,000 on Aug. 1,
22
on
after.
$30,000 issue
of 1945, refunding bonds' offered
discount of 0.30%;
due on November
receive
p.m.
Township School District
(P.O. Jackson), Mich. r
Bond
■
.
.
will
8
demption
$220,000 West
Peabody, Mass.
Note Sale—The $500,000 tempo¬
rary notes
offered for sale on
the
Nat'l
**—
demption on or before Jan. 1,
1950; 2% if called on or before
Jan. 1, 1955; 1% if called on or
1,
Note
Tak
***
thereof
Summit
Milford,
by law to levy upon all the tax¬
Harriman Ripley &
Co.,
inverse order of their numbering,
Inc.
0.354%
prior to maturity on any interest
payment date, and in the event
Maiden, Mass.
of such
No Sale—The $250,000
redemption, additional in¬
tempo¬
terest will be paid as to any such rary notes offered for sale on
bonds at the time of such redemp¬ June 26—v.
161, p. 2839—wefe
tion equal to 3% of the
principal awarded to the Maiden Trust Co.,
amount
0.31%
Bank,
and National
Shawmut Bank, Boston,
jointly —
—0.314%
trict
discount of 0.34%.
Dated
June
26,
1945:
Denom.
$25,000, $10,000 and $5,000. These
a
in
1948,
(Plus $5.00)
2
(CWT) on July 9.
for the purchase Of $90,000 re¬
funding
bonds,
hot
exceeding
iy2% interest. Dated July 1, 1945.
Denomination $1,000. Due July 1,,
as follows:
$7,000 in 1947 to 1958,.
and $6,000 in 1959. Bonds matur-'
ing after 1951, are subject to re-'
2713—were awarded
Co., of Cincinnati.
Dated July 10, 1945. These bonds
are due
on May
1, 1948 to 1972.
The next highest bidder was First
of Michigan Corp.
•
National
No,
St.
cation,
until
De¬
p.
Einhorn
to
Boston,
of
notes
■■■"<
-
Sale—The
161,
—v.
7!
26—v. 161, p. 2839— were award¬
ed to the National Shawmut Bank
Boston, at
Braun,
County
District
Side water supply system revenue
bonds offered for sale on June 26
Bank,
Boston (Plus $16.00)—*0.30%
were
by
Co., Toledo.
$1,000.
July 1,
on
Special
School
(P.O. West
Paul), Minn.
Bond Offering—Arthur L. John-.
son; Clerk of the Board of Edu-,
June 26
Lansing Township (P.O. Lansing),
fol¬
as
made
was
&
National
Second
Gardner
Superintendent
receive sealed
noon (EWT) on July 10
purchase of $200,000 issue
of 1945, school coupon bonds, not
eeding 5 %
interest.
Dated
July
1,
1945.
Denom.
$1,000.
.
were
on
Dated June 1, 1945.
Bond
Erin
bids until
These
of
discount of
July
11,
1945.
due on July 10,
bidders
Dakota
$80,000 school
and
for the
County (P.O.
ville), Ky.
j
Bond
Co., both
a
Rate
yet.
George's
County
(P.O.
Upper Marlboro), Md.
The
occupants
as
MARYLAND
prop¬
Trust
due
are
follows: $15,000 in 1946 to 1949/
$10,000 in 1950.
The next,
highest bid was for 100.001.
District, Mich.
Sale—The
0.92%.
Denomination
bonds
as
horn. $1.00.
These bonds are due
$16,000 on June 1, 1946 to 1950.
Second high-bid of 100.138 for Is
Bonds Removed from N.Y. Le¬
Bonds
Ky.
25—v.
1945.
.
and
.
15, 1362, optional in
35,000 Pontchartrain Levee Dis¬
trict 3% bonds, at 110.94. Due
on Nov. 1, 1950.
8,000 Bossier Levee District 5%
bonds, at 113.69. Due on Nov,
1, 1958, optional in 1948.
-
Louisville,
June
on
par
161, p. 2839—-were awarded
to Paine, Webber, Jackson & Cur¬
tis, of Grand Rapids, as Is, at a
price of 100.224, a basis of about
$1,500,000 notes
Bidder
1952.
Winn Parish
School
the
of
Mich.
lows:
12, 1945.
Lamar, Kingston & Labouisse (P.O.
7..
from Jefferson
cases
New Orleans.
sale
2%
j—v.
Bankers Trust Co. of New York,
Boston Safe Deposit & Trust Co.,
bonds awarded to T. J. Feibleman
7, as 2s—v. 161, p. 1253—mature
$3,000 on April 1, 1946 to 1954.
Dated April 1, 1945, Legality ap¬
proved by B. A. Campbell, of
dissent
for
bonds offered for sale
2839—were awarded to the
p.
& Co., of New Orleans, on March
The
.opinion.■
I
offered
Bond
(State of), Mass.
Note Sale—The
revenue
majority ruling with such terms
as
"unjust, inconsistent, revolu¬
tionary, inimical to the public in¬
terest, and violative of the Con¬
stitution." Judge Sims dissented,
without elaboration, in a separate
'
Massachusetts
$27,000
the
Union."
check
Homer
Bank
0.373%
First National Bank—— 0.374%
First Boston Corp.
.*
0.39%
First
Kaplan, La.
Bond Sale Details—The
refunding
Co._- 0.37%
Nat'l
County
0.29%.
Dated
These notes are
Treasurer
H
/
1,
value of the bonds, payable to the
Sachs &
Boston, jointly,.at
certified check for $1,-
a
These
District Treasurer.
conditioned.
so
payable to
the
Parish School. Board.
Judge
Harris
was
joined
by
Judge Tilford in a minority opin¬
ion which charged that the prevail¬
ing opinion "will make Kentucky
June
Chicago, will be furnished the pur¬
chaser without cost to him, and
000,
dissented.
Sims
Porter
and
on
19, by a vote of 820 to 15. A certi¬
fied transcript and the approving
opinion of Chapman & Cutler, of
Enclose
J. Tilford and Judges E. Poe Har¬
ris
ized at the election held
all
fied
**********—*—__
L. A. Cayer,
—
basis of about 1:449%. Dated June:
Goldman,
Middlesex
Secretary of the Parish School
Board, will receive sealed bids
until 10 a.m. on Aug. 7 for the
purchase of $750,000 improvement
bonds, not exceeding 4% interest.
Dated Aug. 1, 1945. Denomina¬
tion $1,000. Due Aug. 1, 1946 to
1966. These are the bonds author¬
Kentucky (State of )
ance
Offering
printing the :bonds will be paid
by the District. Enclose, a certi¬
0.35%
Merchants National Bank* 0.357%
National Shawmut Bank-- 0.367%
Marksville), La.
Bond
Rate
First National Bank***—*
Consolidated
Parish
School District No.
KENTUCKY
Bidder
additional
thereafter.
LOUISIANA
000 memorial community building
bonds was favorably voted at the
election held
of
payment
bonds by a count of 502 to 227.
•
Monday, July 2, 1945*
Calhoun
County (P.O, Pittsboro J,'
'7 • ■
Miss.
.
i
Legality Approved—An issue of
$35,000 244% road bonds has been
approved as to legality by Charles
7
& Trauernicht, of St. Louis.
Dated
May 1, 1945. These bonds are part
of
an
authorized issue of $75,000.
Leflore
County (P.O. Greenwood).
Miss.
Bonds
held
on
proved
Voted—At
June
the
12
the
issuance
an
election,
voters
of
ap¬
$150,000
.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4399
162
Volume
59
•
•hospital addition construction
bond by an overwhelming ma¬
the further debt retirement of the
jority ^ A similar amount will be
^passed on by Greenwood voters
;at an election to be held soon.
the net current assets of Nebraska
Y
(This corrects the reports given
25, that $15,C00 bonds were voted.)
,
in our issue of June
Pascagoula, Miss.
Sale
The $30,000 street
improvement bonds were award¬
ed on June 26 to Newman, Brown
& Co., of New Orleans.
The next
Bond
bidder was
Merchants
Pascagoula,
-highest
Marine. Bank,
Picayune, Miss.
Bond Sale—The $175,000 school
!
building bonds offered for sale on
'June 26—v. 161, p. 2840—were
awarded to
syndicate composed
a
of the
Walton-Hamp Jones Co., T.
W.
Woodward
Co., of Jackson,
Cady & Co., of Columbus, and M.
A. Saunders & Co., of Memphis,
as
114a, at a price of 100.26, a
basis of about 1.188%. Dated July
X
1945.; Denom.
$1,000. These
•bonds are due July 1, as follows:
.$11,000 in 1946 to 1950, and $12,.000 in 1951 to 1960.
Said bonds
will be callable at par, after five
He also stated that
purchase cost.
Power
Company
June
on
1
,
are
and
gregate more than $1,000,000 ap¬
plicable to the reduction in the;
purchase price of the company in
less than six months time to the'
new
district which is to be;
power
created
take
to
Power Company
Nebraska
over
under the origi¬
plan of acquisition.
1
Maenner pointed out that
in effect these reductions in puir-;
nal
Mr.
chase
have been accomp¬
reduction in oper¬
price
lished through
ating cost of the company in lieu
of the former payment in com¬
stock dividends to an eastern
mon
holding company.
Omahar Metropolitan
Utilities Dist.
'
,
the total of bonds redeemed since-
offered
bonds
sewer
the
hurricane
disastrous
1920 to
in outstanding bonds,in
chased by G. H. Walker & Co. of
Moline School
County',
(P.O. Clayton), Mo.
Purchased—An issue of
-
$25,000 "school
bonds
will
pur¬
was
at
recently by G. H. Walker
chased
& Co. of
St.
price of 100.071; The next highest
bidder was the Municipal Bond
of 100.46.
'
'
•
:
.
MONTANA
Miles
•
Bond
offered
City, Mont.
Sale—The
for
sale;
$35,000 bonds
June 25—v.
bonds.
Dated
-
1, 1945. Principal
and interest payable at the City
Treasurer's office. The next high¬
July
est bidder was the Bank of Miles
City, for IV4S,: at a price of 100.21.
Bonds
bonds
-
electric
favorably
held
on
were
contracted
election.
at
26.
June
.
the
bonds
prior to the
•
June 26
of
$553,000 on the debt
incurred in the purchase of Ne¬
braska
Power
Co.
by
Omaha
Electric Committee, Inc., on Dec.
26, 1944, according to a statement
by T. H. Maenner, chairman of
the board of Nebraska Power Co.
Mr. Maenner also stated that
were
for
discount
of
as
Dec.
were
as
28,
1945,
sale
Dated
on
a
June
0.33%
National
Boston
Bank____Y0.335%
Corp.
0.36%
_____
Second National Bank
0.365%
MEW JERSEY
Atlantic
City, N.
J.
Sales and Cigarette Tax Levies
1, Marine Midland Trust
Company will hold an additional; Imposed for Hurricane Damage
Repairs—This city has levied a
•$150,000 reserved exclusively
of June
bonds
These
are
in
1946, $15,000 in 1947 to 1954,
and $18,000 in 1955.
Other bid¬
ders were;
:•
//• •: ■:;
;
.
Price Bid
1
Bidders
Boland, Saffin & Co., and
Belmar Nat'l Bank jointly
100.258
For 1.90s
,
B. J. Van Ingen & Co.,
>
H.L.Allen &
and
Co., jointly
100.149
;; For 2s
Y
totaling $71,500, and ranging
ers
in
price from 80.23 to par, were
received as a result of the call on
June 26 for interest funding war¬
The Board of Liquidation
rants.
for the
Borough, bought and re¬
tired
$19,071.88, at an average
price of 80.25.
Hamilton
Rate
eo.
Indian Head Nat'l Bank__ 0.332%
First
on
July 1, as follows: $12,000
Y; Fort Lee, N. /.
Other bidders
Bidder
First
sale
Tenders Received—Elight tend¬
follows:
Nashua Trust
$1,000.
on
*
awarded to the Lee
0.323%.
for
2841—were
Co., of New
York, and Campbell & Co., of
Newark, jointly, as 1.60s, at a
price of 100.026, a basis of about1
1.59%.
Dated July 1, 1945.
De¬
National
offered
offered
161, p.
to Allen &
awarded
25
Denoms. $25,000, $10,000
and $5,000.
These notes are due
Utility Debt Reduced—The Ma¬
rine Midland Trust Company of
New York on June 1 made pay¬
1
June
Higginson Corp., of Boston, at
on
ment
26—v.
due
26, 1945.
Nebraska (State of)
t
bonds
Township School District
(P.O. 2069 Greenwood A v.,
Trenton 9)r N. J.
Bond
will
be
Offering
received
—
Sealed bids
until
8
p.m.
(EWT), on July 11, by Willard F.
Grimm, District Clerk, for the
purchase of $40,000 coupon or reg¬
istered school bonds. Interest rate
1949 and
in
■
\YY
Enclose
a
valid and legally bind¬
of
the
Borough.
certified check for $1,-
140, payable to the Borough.
1950.
Dated
July 15, 1945.
Denom¬
$1,000.
Rate of interest
in multiples of one-twen¬
ination
be
tieth of 1% and must be the same
for
all
of
bidding
the
bonds
the
for
for.
bid
In
bidders
bonds,
must consider the bonds as consti¬
tuting
single
a
Payable
Lodi.
at
the
issue of bonds.
Lodi Trust Co.,
The
purchase price speci¬
fied in the proposal must not be
less
than
$58,000.
to
be
Council
$57,000 nor more than
In selecting the proposal
accepted,
the
Borough
will
consider
not
at
a
considered
for
the
be
lowest rate at which a legally ac¬
ceptable proposal is received. As
between
1955.
,
bonds
rate higher than
will
proposal
35,000 water bonds. Due on July
15 as follows: $3,000 in 1946
to 1950, and $4,000 in 1951 to
to
June
Y.
.
$22,000 street improvement bonds.
Due July 15, as follows: $4,000 in 1946 to 1948, and $5,000
on
dated
Dec. 1,
1, 1940 and due on
walk
nom.
notes
received
were
Belmar, N. J.
Bond Sale—The $150,000 board¬
$180,000
School
building
Note Sale—The $100,000 tempo¬
rary
on
1980.
Nashua, N. H.
election
These
for
Aug.
Bank, of
Lovelock, First National Bank of
Nevada, of Reno, arid Hannaford
&
Talbot,
of
San
Francisco,
jointly, as Is, at par. Denomin¬
ation $1,000. These bonds are due
$10,000 on Jan. 1, 1947 to 1964.
Principal and interest payable at
the County Treasurer's office.
-
tenders
no
High
on
proposal will be consid¬
follows:
•as
June 22 of refunding bonds,
"';f
f NEW HAMPSHIRE
$950,revenue-bonds was
voted
that
on
'
Sale —The
awarded
No
are
obligations
ered which specifies a rate higher
than the lowest rate stated in any
re¬
June 18.
No Tenders—Adelaide C. Knipe,
Borough Clerk, has announced
'
First
Neb.-
Bonds Voted—An issue of
000
funding agreement,
voters
held
NEVADA
■■
were
the
NEBRASKA
Nebraska City,
of
Nev.
County
to
.
Y
Y
TY"
as
$20,000 swimming pool bonds.
.
; 15,000 fire fighting i equipment
be
ton.
bonds
,
Pershing County (P.O. Lovelock),
p. 2840:—were awarded to the
First National Bank of Miles City,
161,
1.20s, at a price of 100.071. The
'bonds are described as follows:
the
to
to
,
$200,000,-
on
Mechanics National Bank of Tren¬
Washburn, of New York, that the
ing
,
Ely, Ne v.
i
Proposed Bond Issue—The City
is contemplating the purchase of
a
water utility involving the is¬
suance
of
bonds
amounting to
1%, at a price
for
election
July 3.
Louis, as 1.60s, at a
Corp., Alton,
submitted
be
the
Principal and
the
First-
at
'
$24,500 water system construction
bonds, not exceeding 3% interest,
District
Bonds
issue
Election—An
Bonds
Louts
payable
with the opinion of Reed, Hoyt &
Long Branch, N. J.
Bond Sale—The $570,000 issue
legally acceptable proposal. Each of
1945, Beach Protection bonds
proposal must state the amount offered for sale on June 26—v.
bid for the bonds, which shall not
161, p. 2841—were awarded to a
be less than $40,000 nor more than
syndicate composed of Bbland,
$41,000. As between legally ac¬ Saffin &
Co., of New York, J. S.
munity to levy a local sales tax ceptable proposals specifying the
Rippel & Co., of Newark, H. L.
this
same rate of
interest, the bonds Allen &
year,
Santa Barbara, Cal.,
Co., of New York, Macadopting a local retail sales tax will be sold to the bidder comply¬
Bride, Miller & Co., of Newark,
of 1 per cent in February, the
ing with the terms of the sale and and
Butcher & Sherrerd, of Phila¬
association said.
offering to accept for the amount
delphia, taking $569,000 as1
Only other cities levying gen¬ bid the least amount of bonds, the
at a price of 100.346, a basis of
eral municipal sales taxes are San bonds to be accepted being those
about 2.202%.
Dated July 1; 1945.
Bernardino, Cal., which has a first maturing, and if two or more Denom.
$1,000.
These bonds are
local sales
tax
of
1
per
cent,- bidders offer to accept the same due on
July 1, from 1946 to 1960
levied under the general rules and least amount, then to the bidder
incl.
The only other bidder wafe
regulations of the state sales tax offering to pay therefor the highas follows:
and
expected to produce some est price. The purchaser must also
Bidder
Price Bid
$400,000 this year to help finance pay an amount equal to the inter¬
the city's $1,157,000 post-war pub- est on the bonds accrued to the B. J. Van Ingen & Co.,
E.
H.
Rollins
&
Sons, ,
lie
construction
program;
New date of payment of the purchase
Orleans, whose 2 per cent city price. In the event that prior to the Dolphin & Co.,
J. B. Hanauer & Co.,
sales
tax
produced $5,356,501— delivery of the bonds the income
*
received by private holders from Julius A. Rippel, Inc., and ;
more than 40 per cent of the in¬
come of the city's general fundbonds of the same type and char¬ Thomas & Co., jointly for
$569,900, 2.35s
in 1944; and New York City.
acter
shall
be
taxable
jlOO.32
by the
Enabling legislation adopted by terms of any Federal income tax
Leonia School District, N. J.
the New Jersey legislature to as¬ law, the successful bidder may, at
Bond Election Planned—An is¬
sist
Atlantic
City in repairing his election, be relieved of his ob¬ sue of
$75,000 gymnasium con¬
hurricane damage made it pos¬
ligations under the contract to struction bonds will be submitted
sible for the board of commis¬ purchase the bonds and in such
to the voters at an election to be
sioners
to enact the sales and case the deposit accompanying his
held sometime this month.
bid will be returned. The success¬
cigarette taxes.
j ;
The ordinances provide for col¬ ful bidder wil be furnished with Middlesex
County
(P.O.
New
lection of the tax by sellers and the opinion of Hawkins, Delafield
Y
- Brunswick),
N. J.
<
& Longfellow, of New York, that
payment to the city within 10
Bond Offering—Arthur J. Ham*
days after the 30th of each month; the bonds are valid and legally
ley, County Treasurer, will re¬
penalties up to $200 fine and im¬ binding obligations of the Board ceive sealed bids until 10 a.m.
Enclose a certified
prisonment up to 90 days, or both, of Education.
(EWT) on July 5 for the purchase
are provided for violations.
check for $800, payable to the of
$289,000 general improvement
The cigarette tax is collected Board of Education.
coupon
or registered bonds,
not
through stamps sold to whole¬
exceeding
6%
interest.
Dated
\
Lodi, N. J.
salers, distributors and jobbers.
July 1, 1945. Denomination $1,000.
The sales tax does not apply to
Bond Offering—Joseph D. PaDue July 1, as follows: $22,000
raw
foods, medicine or clothing eella, Borough Clerk, will receive in 1946 to 1950, $20,000 in 1951 to
sealed bids until 8 p.m. (EWT),
costing less than $50; labor costs
1955, $16,000 in 1956 to 1959, and
and the price of utility service, on July 9, for the purchase of
$15,000 in 1960. Rate of interest
home and motor fuels, magazines $57,000
coupon
or
registered to be in a multiple of lk or oneand newspapers are other specific bonds, at not exceeding 6% in¬
tenth of 1%, and must be the
terest.
These bonds are described
exemptions.
same
for all of the bonds.
No
bonds under the terms of the
St.
interest
of
$4,526,000, leaving $435,000'
this issue.
This amount of $435,000 is the
.St.,Louisj as lVzsr at a price of
100.07.
These bonds are subject only outstanding indebtedness of
either the City of Omaha or the
to the election to be held in July,
and are due on July 1, 1946 to Metropolitan Utilities District on
water, gas and ice plants
1964."
' XXyiy* the
owned by the city and managed
Pemiscot County (P.O. Caruthersby the Metropolitan Utilities Dis¬
ville), Mo."
trict
of
Omaha, total assets of
Bonds Voted—An issue of $350,-. which
Avalon, N. J.
approximate $30,700,000 be¬
000 County
Hospital bonds was fore depreciation, or $23,400,000,
Bond Call Approved—The State
favorably voted at the election deducting depreciation,
:';;y;;Yy:;'j Funding ' Commission " approved
held on May 19.. No date of sale
the call of $14,400 refunding term
; v
Papillion, Neb.
has been fixed as yet. ^
sale recently, have been pur¬
for
for all of the bonds.
„
'
water
a multiple of Yi or onetenth of 1% and must be the same
The 3% sales tax
$300,000 more than on Dec. last September.
26, 1944, when Omaha Electric is being levied on hotel rates and
amusements,
and
a
Committee, Inc.
purchased the services,
property and began operation of variety of other purchases be¬
Nebraska Power Company for the* ginning May 29 and continuing
until Jan. 1, 1948, the Municipal
account of its electric users.
The debt retirements to date,1 Finance Officers Association re¬
plus increases in assets of Ne-' ports,-? 'y.'YY
.yi'Y
Atlantic City is the second com¬
braska Power Company, now ag-;
,
'
from
about
(P.O. Omaha), Neb.
July 1 Bond Redemption—The
years.
The next highest bidder above
district, acting for itself
; was
White, Hattier & Sanford,
and for the City of Omaha, re-:
.for 1 y4s, at a price of 100.16.v
deemed on July 1, an additional
V;' Woodville, Miss.
- YY;
$666,000 of the 5% bonds which,
Legality Approved—An issue of were issued on July 1, 1920, when^
$30,000 •
and 1%% water Omaha purchased the former pri¬
works and sewer system revenue vately-owned gas plant and began*
;bonds has been approved as to municipal operation of the Gas
legality by Charles & Trauernicht, Department, under the direction?
of St. Louis. Dated Jan. 1, 1945. and management of the Omaha.
Metropolitan Utilities District.
Missouri y/
"JXS
The original bond issue was in
the amount of $5,000,000, and this
Kennett, Mo.
I
Bonds Purchased—The $80,000 latest payment of $666,000 brings^
'
to be in
municipal sales tax of 3% and a
3-cent per pack cigarette tax to
pay the costs of repairing damage
proposals at the same
rate, bonds will be sold to
the bidder or bidders offering to
pay not less than the principal
amount of $289,000 and accrued
lowest
interest,
to
and
first
maturing,
more
bidders offer to
least amount of bonds at the
lowest rate of interest then
the bonds will be sold to the bid¬
der
bidders
or
therefor
offering to pay
highest
additional
the
price, which price shall not ex¬
ceed by more than $1,000 the par
value of the bonds hereby offered
for sale.
Principal and interest
payable at the County Treasurer's
office.
Bids are
which
will
legally acceptable
proposal; and if two or more such
proposals name the lowest rate,
the proposal offering to accept
the least amount of bonds (such
bonds being
the first maturing
bonds)
two
lowest
to
of
of
will
or
be
rate
unless
accepted,
proposals name the
more
of
accept the
interest and
same
least
offer
amount
bonds, in which event that
one
such last mentioned
proposals
which offers to pay the highest
price will be accepted.
The pur¬
chaser must
pay
accrued interest
from the date of the bonds to the
date of delivery.
at any
The enactment,
time prior to the delivery
of the
bonds, of Federal legisla¬
tion which in
terms, by the repeal
omission
or
of
exemptions
otherwise, subject to
tax
come
of
a
class
cludes
the
or
a
or
on
bonds
character which in¬
these
bonds, will, at the
election of the purchaser, relieve
the purchaser from his obligations
under
the
terms
of
County
the
contract
be
desired
on
furnished
All
Treasurer.
forms
by
of
the
said
•
bonds will be general obligations
of the County, payable from un¬
limited ad valorem taxes and have
been
authorized
the
pursuant to
Local Bond Law of the State. Le¬
gality will be approved by Caldwell, Marshall, Trimble & Mit¬
chell, of New York, whose opinion
will be furnished to the purchased
without charge.
The bonds will
be
delivered
July 16, 1945, or
they can :be
The right is reserved
to
reject any or all bids, and
any bid not complying with the
provisions hereof or offering jo
soon
as
on
thereafter as
prepared.
premium in excess of $1,000
will be rejected. Enclose a certi¬
fied check for 2% of the amount
pay a
of
bonds
County
offered
Treasurer.
Federal in¬
interest
if two,- or
accept the
same
pro¬
in' any
and
same
posals which name a rate of in¬
terest higher than the lowest rate
named
therefor
accept
the least amount of bonds, the
bonds to be accepted to be those
Runnemede
School
the
payable to
'
V/
District, N. /.
Bond Call—Evelyn K. Cochran,
District
Clerk, calls for payment
August
1,
3%%
refunding
bonds Nos.19, 20 and 21, to the
amount of $3,000, dated Aug. 1,
on
payable JrJ. of sale and entitle the purchaser 1940, maturing on Aug. 1, as fol¬
Denom.
$1,000.
Dated July 2, to the return of the amount de¬ lows: $1,000 in 1953 and $2,000 in
Said
bonds will be
re¬
1945. Due $2,000 from July 2, 1946 posited with the bid.
The suc¬ 1954.
to 1965, inclusive. Rate of interest cessful bidder will be furnished deemed at the redemption price
is not to exceed 6%,
60
THE COMMERCIAL & FINANCIAL CHRONICLE
the
of
principal
ahd
accrued
tion
thereof
amount
or
date,
interest
to
redemp¬
but without premium,
Upon1 presentation and surrender
(with all coupons thereto apper¬
taining, maturing on or after said
date), at the Camden Trust Co.,
Camden.
Interest
called.
able
:
Varwill receive
sealed bids until 8 p.m. (EWT),
on July 6 for the purchase of the
following 6% coupon or registered
bonds amounting to $195,000:
Borough Clerk,
bonds, the in¬
come received by private holders
from bonds of the same type and
character shall be taxable by the
terms of any Federal income tax
law, the successful bidder may, at
his election, be relieved of his
obligation under the contract to
purchase the bonds and in such
Due in 1946 to 1965.
$60,000 sewer extension and im¬
Due in 1946 to
provement bonds.
1965.
Due in 1946 to
bonds.
1964.
Dated July 1, 1945.
Denomina¬
tion $1,000.
The combined ma¬
turities -are.ras follows: : $10,000
July ;1, 1946 to 1964, and $5,000 in
1965., Rate of interest to be in a
multiple of *4 or one-tenth of 1%
.
the
must, be
and
the; bonds.
for
same
all
of
Principal and interest
payable
National
Bank,
proposal
at the Second
Somerville.
No
will be considered which specifies
a
rate higher than the lowest rate
stated
in
legally acceptable
Each
proposal
must
any
proposal.
the
state
bid
amount
for
the
which shall not be less
than
$195,000
nor
more
than
$196,000.- - As between legally ac¬
ceptable proposals specifying the
same
rate of interest, the bonds
will,: be sold to the bidder com¬
plying with the terms of the sale
and.. (offering to accept for the
bonds,
the
bid
amount
least
amount
of
bonds, the bonds to be - accepted
being those first maturing, and if
two
bidders
more
or
offer to
ac¬
the
case
improvement
public
$95,000
v
deposit accompanying his
bid will be
,
therefor thd highest price.
The
purchaser
must
also
pay
an
amount equal to the interest on
the Jbonds accrued to the date of
returned.
The bonds
District
Fire
Town
(P.O. Tuckahoe), N. Y.
Bond Offering—Arthur N. Fer¬
and
must
be
the bonds.
ad
the
for all of
same
General obligations of
taxes
to
pay
said
valorem
bonds
out
thereon with¬
and interest
limitation
to
as
rate
or
Bank & Trust
private
shall
acter
holders
re¬
from
type and char¬
taxable by the
same
be
terms of any Federal income tax
lays, the successful bidder may, at
his, election, be relieved of his
obligations under the contract to
purchase the bonds and in such
case
the
bid
will
cessful
with;
bidder will
the
be
opinion
furnished
of
Hawkins,
Longfellow, of New
&
York, that the bonds are valid
legally binding obligations of
the.Borough.
Enclose a certified
and
check
for
$3,900, payable to the
Borough.
■OTlt'f
7
offered
for
sale
$80,000 bonds
on
June
28—v.
Tfukt" Co., of Albany,
as %s, at a
price of 100.03, a basis of about
0.7,4%.
The bonds are described
follows:
'"'ZZ/
$30,000 public improvement bonds.
/
Due
$3,000
1955..
on
July 1, 1946 to
.
'50,000
municipal equipment
bonds.
Due $10,000 on July
1946 to 1950.
'
Dated July 1,
1945.
Denom.
$1,000.
Second high bid of 100.02
for 0.90s was made by First Na¬
*;•
:
tional Bank of Boston.
jf;i East
tified
the
Aurora,
New
Offering—G
sealed
bids
York
M.
e o r g e
until
re¬
•(EWT)~-on -July 6, for the
pur¬
Bond
$20,500
AT.' Y.
Ex
Years
The value
—
government-owned
tax
of
exemp
increased ten fold since 1900
til
it
of
the
bonds
$100,000 water
offered
for
sale
of New
James
the
increases
H.
Moseley,
Citizens
cited
were
Due July 1,
as
fol¬
$5,500 in 1946, and $5,000 in
Chairman
Public
of
Expenditure
Survey, as arguments for "put
ting the brakes on further expan¬
sion
of
governmental
Instead
not
was
business
time
unusual
to
men
for
urged governmenta
which will "encourage
the
the
State
municipalities
of
bu
because
headed slowly
are
surely
for
insolvency
major source of tax revenue
vanishing while the need for
their
is
maintain
to
revenue
and
used during the winter and spring
months.
The entire construction
city administration
offer to
bonds
purchase any outstanding
the Water Department
of
of
the
At
a
Board
recent
of
Public
Works.
meeting of the Com¬
council
the
aldermen
ap¬
report of the Sinking
contem¬
plates the transfer of $40,000 from
the BPW fund to the city admini¬
a
Fund commission, which
stration
bond
retirement
1,
1945.
Denom.
These bonds are due on
$1,000.
June 1, as follows: $15,000 in 1946
The
transfer
the
and
will
be
effected
water
department earn¬
ings applied to the bond retire¬
on July 5.
Mayor Doran, City Treasurer
Wetsel
to
1951,
and
Bids—The
York, at
for 0.70s.
&
man
$10,000
a
in
next
highest
price of 100.103,
Brown Brothers,
Co.,
1952.
were
also
Harri-
associated
With Geo. B. Gibbons & Co.,
bidding
a
price
Inc.,
100.05, for
of
New York, N.
Robertson,
chairman of the
Sinking Fund
commission, authorized the proce¬
indebtedness
vice
recently.
of
the
Bonded
debt
April
30
$3,021,126,770, against $2,960,-
of bbnds
435.392
of
Corporation
ad¬
Counsel
supervision
of
the
airport
commission.
period, $292,083,200
issued, while $231,-
were
were
redeemed.
financing
late last
new
written
operation
.
took
Klein, Jr., Deputy City Comptrol¬
serial bonds were under¬
by
a
headed
large banking syn¬
by the Chase Na¬
tional Bank and the National City
of New York.
The serials
Bank
515.780,114
probable usefulness of the object
while
sold
1V2,
to
13/4
the
bear
and
total
was
interest
rates
2%.
ler, received sealed bids until noon
June 29 for the purchase of
bonded
debt, $2,-
$505,346,656
was
held
in
well
drained.
At
Z
Designers of the airport are
especially pleased that it includes
large parking areas for both air
planes and automobiles.
Dated
ness.
July
6,
1945.
De-
$100,000 and $50,000. These
certificates are due on April 8,
1946.
Issued
in
anticipation of
For $19,000 maturing on June
1,
$1,000
in
1946, $2,000 in
as
2%s, and
Z
$32,000 maturing $2,000 on
June 1, 1956 to 1971, as 3s.
159,000 general bonds/ For $55,000 maturing on June 1, $4,000 in 1946, $5,000 in 1947 to
1949, $6,000 in 1950 to 1955,
as 2%s, and $104,000 matur¬
ing on June 1, $6,000 in 1956
/
to 1963, and $7,000 in 1964 to
/
1947
to
1971,
1955,
3s. Z7\-vv-^ZZ7*Z';
as
These bonds
1, 1945.;
Bond
Call—Town
that
announced
bonds
Aug.
all dated June
are
Clerk
the
has
following
called for payment on
are
at the Chase
1,
i/Z'z
y'Z.-:.--. A
.
National
Bank, New York City:
Water and
sewer
refunding bonds
Public" improve, refunding bonds
Street
refunding bonds
Interest funding bonds
Dated Feb. 1,1939. .These bonds
are due on Feb. 1, 1969.
All cou¬
pon
b o n d s upon presentation,
assess,
be
accompanied by appur¬
tenant coupons maturing on Feb.
1, 1946, and subsequent thereto.
Interest
ceases
date called.
on
NORTH
be
The
taxes.
authenticated
certificates will
as
to
genuine¬
and validity by the First Na¬
tional Bank of Boston.
Legality
DAKOTA
Bttrgaw, N. C.
Air-Minded Community Pools
Resources to Build Airport—Full
community
and
a
cooperation
minimum outlay of public funds
have
built
small town.
airport for this
Deciding last fall to
an
munity
place on the map of the
coming air age, the town set up
the
a
Burgaw
airport
commission
,vvr'';- /'Z/:/
Bryan, Ohio
Bond Sale—The $100,000 second 7
series, electric light and power
mortgage revenue bonds offered
for sale
to
June 18
on
awarded
were
Bosworth & Co., Inc.,
1.10s, at a price of 100.278, a
basis of about 1.045%. Dated July
Braun,
as
1, 1945. Denomination $1,000. Due
$5,000 Sept. 1, 1947, March and
Sept. 1, 1948 to 1956, and March
1, 1957.
Bonds maturing March
1, 1952, and thereafter may, at
the option of the City, be called
in inverse order on Sept. 1, 1951,
or
on
any
interest paying date
thereafter. Principal and interest,
payable at the office of the legal
depositary of the City. Payment
of said bonds is secured only by
mortgage
the property
light and power
generating plant and distribution
a
of
said
all
on
electric
system and
additions
the
and
and
derived
revenues
all
on
extensions,
improvements^
thereto,
including a franchise to
operate said utility in case of the
foreclosure
of the mortgage se¬
curing payment of said bonds. Le¬
gality approved by Squire, San¬
ders & Dempsey, of Cleveland.
Cincinnati
City
School
Ohio
District,
■
Bond ; Offering—Wm.
Mieten^
kotter, Jr., Clerk-Treasurer of the
Board of Education, will receive
sealed bids until 2 p.m. (CWT),
on
July 23, for the purchase of
2%
semi-annual building bonds
amounting to $3,000,000.
Dated
Sept. 1, 1945. Denomination $1,000.
Due $125,000 from Sept. 1,
1946
to
1969.
The bonds
shall
be
in coupon form and may be regis-,
tered as provided by law. Bidders
bid
may
for
interest
in
$'■
different rate of
p.
mqltiple of % of
Principal'and interest pay¬
Irving Trust Co., New
York City. No bids for less than
a
1%.
able at the
accrued
and
par
forms
will
plication
interest.
furnished
Bid
on
ap¬
to
the
Clerk-Treasurer.
bonds
Said
tax
be
are
unlimited
rate
as
to
or
amount, having been
by the requisite ma¬
jority vote of the electors of the
authorized
District. Transcript of proceedings
be furnished the purchaser
v/ill
promptly.
Approving opinion of
the City Solicitor of the
City of
Cincinnati will be furnished with¬
out
charge.
must
be
Any
secured
other
at
opinion K*
bidder's
ex¬
Delivery is planned
on
Sept. 1, 1945, at Cincinnati. Con¬
pense.
-
dition of sale—cash
on
day of de¬
livery of bonds.. Enclose
1%
a; cer¬
of the bonds
for, payable to the Board of
Education.
N. D.
Election Held—An
Martins Ferry School District (P.O.
issue
Martins
$13,500 road improvement
bonds
ers
at
were
submitted to the vot¬
election held
an
on
June 27.
Bottineau
County
District
No.
Special
29
School
(P.O.
Souris), N. D.
Bonds Voted—An issue of
•
w
■'
Township (P.O. Barlow),
Bond
of
Hawkins, Delafield
& Longfellow, of New York.
CAROLINA
sometime
held
be
to
...
by
NORTH
election
tified check for
ness
approved
construction bonds
$5,000
will be submitted to the voters at
bid
Birtsell
noms.
1944
Election Planned—An is¬
of
therefrom
Sylva, N. C.
:
$600,000 certificates of indebted¬
do something to assure their com¬
held by the public,
is
on
place
January when $75,000,000
field
present, the field has an office
building and three hangars
must
Certificates Offered—Gustav W.
The city's last sizable long term
Of
with the
accordance
Yonkers, N. Y.
City of New
York showed an increase of $60,647,808 from July 1, 1944 to April
30,1945, the first ten months of the
city's fiscal year, Joseph D. MeGoldrick, comptroller, announced
were
in
dure
Y.
Bonded Debt Up 60 Million In
10-Month Period — Total bonded
of
Alderman
and
O'Donnell.
0.70 s.
was
ment fund
Bond
sue
;
the budget for 1945.
July
Rural School
(P.O. Bidwell), Ohio
District
an
fund.
Dated
Zrj
in November.
Buy Water De¬
July 5 the
will formally
;/77
7""Z";
:Z;
.
program was carried forward un¬
operate
Bonds—On
■/
'ZZ/'-P' OHIO
Bid well-Springfield
contributed
were
Bond
Sale—The
$210,000 re¬
funding bonds offered for sale on
June 26—v.
161, p. 2842—were
awarded to a syndicate composed
verse
the trend:- put the brakes of R. S. Dickson &
Co., of Char¬
on
further expansion of govern¬
lotte/First Securities Corp., of
ment activities and encourage the
Durham, Vance Securities Corp.
private development of real es¬ and E, L. Hardin & Co., both of
tate values oh which local gov¬
Winston-Salem, at a
price of
ernments depend so largely for
100.01,
a
net
interest
cost
of
support, Z7 7: ,V/(.i ZZ-Z' v
2.964%, as follows:
$51,000 water and sewer bonds.
Poughkeepsie, N. Y.
Offers to
1
working at the ,-Z/
n e r e a s i n
g governmentowned facilities is increasing.
"There is one sure way to re¬
City
next
'■'
spend
ever-i
partment
1953, and $19,000 in 1954.7 j
highest
bidder
was j
Paine, Webber, Jackson & Curtis, j
and Kalman & Co., jointly, at a !
price of 114.18.
..../'.J
for employment of other
laborers,
and a few prisoners of war were
The
is owned by the government.
"This
trend
must
stop," the
continues
1952 and
The
airport.
Private funds
on
der
activities.'
he
policies
it
spare
new
The amount proposed to be trans¬
ferred is the same authorized in
1947 to 1949.
Rate of interest to
be in multiples of V\ or one-tenth
of 1% and must be the same for
all of the bonds.
The period of
their
by
York, as 0.60s, at a price
of 100.056, a basis of about 0.58%.
dicate
Denomination $1,000,
months
Burgaw
beginning of the century.
These
airport, and Burgaw
making contribu¬
labor, and materials, ac¬
cording
to
information
to
the
American Municipal Association.
Construction on the field started
last October, and
during recent
un¬
almost equals the tota
assessed taxable valuation a
now
due
as
began
tions for
property in New York State has
proved
on June 25—v. 161, p. 2481—were
awarded to Wm. E. Pollock & Co.,
Jtify 1,1945.
for $500.
$800, payable to
Sale^—The
extension
of
one
cer¬
District.
IlarnM,
improvement
,cohpon or registered bonds, at not
exceeding 6%
interest.
Dated
lows:
Recent
mon
p.m.
of
a
478,962 last July 1 and compares
$3,071,119,670 last month. In
3:30
chase
for
check
Fire
Enclose
to
Hduliston, Village Clerk, will
ceive
successful bidder.
the ten-month
Bond
citizdns
Tax
1.24%
nom.
obtained
was
Dated Aug. 15, 1934.
De-J
$1,000.
These bonds are, I
Aug. 15, as follows: $3,000*7
in 1946, $9,000 in 1947, $16,000 in
j
1948, $17,000 in .1949/ $10,000 in |
1950, $2,000 in 1951, $10,000 in j
de¬
site for the
a
of)
Government-Owned
in
A tract of land
30,
empt Property Increased Heavily
York
Other
161, p. 2841—were awarded to the
National
Commercial
Bank
&
as
at
Co., Tuckahoe, with
Exchange/ The ap¬
proving opinion of Vandewater,
Sykes & Heckler, of New York
City, will be furnished to the
New
NEW YORK
Sale—The
April
York (State
bidder the National Bronx Bank,
/,//
Albany, N. Y.
Bond
of
as
New
held in sinking
were
of New
'■"%
777-
Principal and interest
the
First
National
payable
deposit accompanying his
be .(returned.
The suc¬
Delafield
funds
began laying plans for
velopment of an airport.
govern
Survey chairman declared. "If it
ris, District Secretary, will receive
sealed bids until 3 p.m. (EWT)
on
July 12 for the purchase of
$40,000 fire apparatus coupon of
registered bonds, not exceeding
5% interest. Dated July 1, 1945.
Denomination $1,000. These bonds
are due $8,000 on July
1„ 1946 to
1950.
Rate of interest to be in
multiple of % or one-tenth of 1%,
livery of the bonds the income
by
bonds
States
exempt property
Eastchester
amount.
ceived
ment
and
In addition, $129,
of United
From
the
financial
side, the
the private development of rea
town of Burgaw and the county
binding
estate values on which local gov¬
of
obligations of the Village, and the
Pender
invested
less
than
ernments depend so largely for
Village will have power and will
$1,000
of
tax
money
in
the
support." "
be obligated to levy ad valorem
project. '
;;Z
Between
1900
and
1943, the
taxes upon all the taxable real
The new airport was dedicated
most recent year for which the
in May at ceremonies attended by
property within the Village for
State Tax Commission reports tax
the. payment of the bonds and in¬
citizens of the community and by
exempt valuation, the value of
terest thereon without limitation
aviation officials and enthusiasts
fully exempt property has in¬
of rate or amount.
The opinion
from all parts of the state. Some
creased from $721 million to $7.6
of Hawkins,
32 airplanes were flown into the
Delafield & Long¬
billion, or ten fold.
During the
fellow, of New York City, to this
airport for the dedication.
same period the assessed value ol
effect
will be furnished to the
The airport has two runways,
taxable property increased only
successful bidder.
Enclose a cer¬
both
sodded.
The
north-south
six fold, from $6.4 billion in 1900
tified check for $410, payable to
runway
is 2,350 feet long, the
to
$25.1 ' billion in 1943. Nearly
the Village.
east-west runway 2,400 feet long.
80% of the tax
payment of the purchase price.
In the event that prior to the de¬
bonds of the
101,600
will be valid and legally
.
cept the same least amount, then
the
bidder offering to
pay
to
sinking funds.
East Aurora
the delivery of the
$4(1,000 public library building
bonds.
of
Bank
,
Somerville, N. J.
Offering—Edith A.
Bojid
ley,
the
at
Office of the Marine Trust Co., of
Buffalo, East Aurora, or, at the
option of the holder, at the prin¬
cipal office of the Marine Mid¬
land Trust Co., New York City.
The Village operates under the
Village Law and the proposed
bond issue is authorized by said
law.
In the event that prior to
date
on
ceases
of said bonds is five
Principal and interest pay¬
purpose
years.
1945.1
Monday, July 2,
$17,gymnasium-auditorium bonds,
not exceeding 3%
interest, was
favorably voted at the election
mary
be
on
Bond
sewage
and
sale
June 5.
Fargo, N. D.
$96,000
4%
disposal first mortgage
revenue
on
bonds
June 22—v.
offered
for
to
pass
on
the issuance
of
$1,350,000 in bonds for com-;
plete remodeling of present grade'
and high school
buildings.
North
Canton, Ohio
Bonds Offered—Lester L. Brau-
cher, Village Clerk, received
until
Sale—The
Ohio
city pri¬
July 31 the voters will
on
asked
000
held
Ferry),
Bond Election—At the
chase
noon on
of
$12,000
provement
bonds.
3% street im¬
Dated July 1,.
1945.
Denominations
$500.
Due
$1,500-in
bids
June 29 for the pur¬
Sept.
1,
$1,000
as
1946, $1,000 in
and
follows:
to
161, p. 2842—
Piper, Jaffray & 1949, $1,500 in 1950, $1,000 in 1951,.
Hopwood, of Minneapolis, at at$1,500 in 1952, $1,000 in 1953, and
price of 114.61, a basis of about $1,500 in 1955.
Bidders may bid
were
awarded to
,
1947
J4
for
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4399
[Volume 162
different rate of interest in
a
£
multiple of % of 1%.
■v
Municipal Market Quiet—J. A.
Ohio
(State of)
Cincinnati, reported
White & Co.,
oh June -27 as follows:
yield
20 Ohio
on
bonds is unchanged at 1.20%, and
10 high grade and
grade bonds are also un¬
from a week ago, at
the: yields on
10 lower
changed
1.01% and 1.39%, respectively.
Would
Local
Expand
Borrow¬
ing Powers—Under the provisions
of a bill now awaiting signa¬
ture of Governor Frank Lausche,
local governments would be per¬
mitted to issue bonds for war
memorial projects, such as audi¬
torium, parks, etc.f provided that
the issues received a 65% affirm*
the electorate.' The
ative vote of
Stephens Investment Co,, pf Little purchaser, the expense thereof tor 1 by, the State Superintendent of the same time he revealed that, it
Banks.
would be necessary to increase bis
Rock, as 1.10s, at a price of be paid by the purchaser,
estimate of anticipated revenue.in
100.004, a net interest cost of
Le wist on, Pa.
OREGON
the 1945-47 biennium and slash.
about
1.099%.
Denom. $1,000.
Bond Sale—The $40,000 refund¬
These bonds are due $55,000 in Crook
appropriations made by the Legis¬
County County School Dist.
ing borids offered for sale on June lature this
1949 to .1968, and $50,000 in 1969.
year to balance the
(P.O. Prineville), Ore.
25—v. 161, p. 2714—were awarded new
The next highest bidder was Halbudget.
Bond Sale—The $40,000 school
to Singer, Dearie & Scribner* of
"The State is in a very healthy
sey Stuart & Co., C. Edgar Honbonds offered for sale on June 25
Pittsburgh, as 8/4s, at a price of financial condition and we expect
nold, Newhard, Cook & Co., Com¬ —v. 161, p. 2842—were awarded
100:034, a basis of about 0.74%. to keep it that way by very care¬
merce
Trust
Co., Kansas City, to the First National Bank of
Dated July 15,
1945.
Denomi¬ ful future expenditures," the Gov¬
and Mullaney, Ross & Co., jointly
Prineville.
Dated Aug. 1, 1945.
nation $1,000. These bonds are due ernor said. '
for $985,000, iy4s, an§ $165,000, These .bonds are due
;
$4,000 on on
Jan.. 15, from
1946 to 1951
"We
will
be
adding to : the
Is, at 100.117, a net interest cost Aug. 1, 1946 to 1955. The next
incl. The next highest bidder was wealth of the State
by improving
of 1.203%.
highest bidder was the First Na¬
:
Hemphill, Noyes & Co., for Is, at our penal, mental and educational
tional Bank, Portland.
a price of 100.586.
Coweta, Okla.
.; V
institutions, and by cleaning up
Bond Election Held—An issue
Gearhart, Ore
our streams. We will also provide
Mount Union,. Pa.
of $12,000 semi-annual, sanitary
Bond
Wash.
municipal market has
been quiet during the past week
with prices about unchanged, but
if, anything
showing
firmness.
The Ohio
Our index of the
,
Offering—E.
bond, City Auditor, will receive
ing 3% interest was submitted to sealed bids until 8 p.m. on July
the voters at the election held on 5
for
the purchase
of $30,000
June 26.
water bonds, not exceeding 5%
interest. Dated July 1, 1945. These
Oklahoma (State of)
bonds are due $2,000 on July.. 1,
Fiscal Year Revenue Shows
1946 to 1960, subject to redemp¬
Increase—Tax collections of the
tion on July 1, 1950, and on any
State apportioned to. the general
interest
paying date thereafter.
revenue
fund for the first ten
months
of
The above bonds
647,668, compared with $32,431,599
in the preceding period, the Okla¬
homa Tax Commission reported
$4,500,000 memorial building.
Transit Decision Appealed—The
Ohio Supreme Court has been
requested to reconsider its recent
decision—-v. 161, p. 2714—holding
that property of the municipallyowned Cleveland Transit System
is
subject
to real
personal
and
This ruling has
property taxes,
speculation as to
whether the principle of taxation
therein propounded can be ap¬
p r o m p
t ed
plied in the
of utility sys¬
case
tems, including electric and gas,
owned and operated by all muicipalities in the State. Applica¬
tion for a reconsideration of the
ru
ling
was
made on June 20 by
Samuel T. Gaines, general counsel
Cleveland Transit System.
of the
fiavenna Township School District
(P.O. Ravenna), Ohio
Bond Offering—Lois Wise, Dis¬
trict Clerk, will receive sealed
bids until 8 p.m. on July 9 for the
purchase of $75,000 build i n g
bonds, not exceeding 2% interest.
Dated May 15,1945. Denomination
$1,000. These bonds are due $2,000
on May and Nov. 1, 1946 to 1960.
and $1,000 on May and $2,000
Nov. 1, 1961 to 1965. Rate of in¬
terest to be in multiples of % of
1%. No bids for less than par and
accrued interest;
Enclose
a
certi¬
fied check for $750, payable to
Board of Education.
Stark County (PrO..
the
Clerk
of
the
Canton), Ohio
Board
of
County
ConoiniSsioners, will receive sealed
bids until 11
6
for
the
(EWT)
purchase of
a.m.
Northeast Sewer
District
July
$40,000
on
No.
10
bonds, not exceeding 4% interest.
Dated Aug. 1, 1945.
Denomina¬
tion $1,000.
Due $4,000 Feb. 1,
1947 to
1956.
Rate of interest to
be in multiples of
% of 1%.
No
bid for less than par and accrued
interest.
Principal and interest
-(F-A)
payable at the County
Treasurer's office.
Final approv¬
•
July
ing opinion of transcript of pro¬
ceedings to be furnished by the
of the fiscal year, from
to April 30, totaled $34,-
1
Income
tioned
collections
tax
appor¬
general revenue
fund amounted to $14,142,766, as
against $10,111,014 a year earlier.
Gross
production taxes rose to
fund
revenue
Bond
income
000
bonds
holders
the
same
for
1947 to
Civic
W
v
23
for
offered
sale
awarded
were:
to
J.
R.
Ed¬
These bonds
of about 1.188%.
clue
are
$1,000 in 1948 to 1954.
The
C. Edgar
next highest bidder was
Honnold, for 1 Vz s, at
a
price of
Straight
Console
?!^
par.
Texas
County^
dated School District No.
sealed
bids
1954;.
to the bidder
wTater
2:30
sale
on
awarded
Tax
Appeals.
OKLAHOMA
Bar ties ville,
Bond Sale—The
works
sale
on
posed
$1,150,000 water
coupon bonds offered for
June 27—v. 161, p. 2842—
were awarded to a
merce
Okla.
of
the
Bank
&
syndicate
com¬
Mercantile-Com¬
Trust
Co., of St.
Louis, Harriman Ripley & Co.,
Inc., First National Bank & Trust
Co., of Tulsa, Channer Securities
Co., of Chicago, and the W. R,
Sale—The
revenue
on
June 26
$140,000 XVz%
were
until
8
p.m,
able in whole or in part at the
option of the Borough at par and
accrued interest on Aug. 1, 1952,
or on any interest payment date
thereafter. Principal and interest
payable at the office of the Bor¬
ough Treasurer. Rate of interest
to be in multiples of y4 of 1%.
No bid: combining two different
for
awarded to
recreational centers."
beginning
to
all
of
which
taxes
the
and agrees
assumes
to
Borough
The
pay.
bonds will be sold to the highest
responsible bidder, provided such
bid is not less than par and ac¬
crued interest.
The highest re¬
sponsible bidder shall be the one
who, having complied with the
of
sale, offers to take
the whole amount of the issue at
lowest
interest
to
cost
the
Bor¬
ough, which shall be determined
by
deducting
from
the
total
amount of interest to be paid on
account of such bonds during the
life thereof, the amount of pre¬
mium offered, if any, over and
the
issue.
These
payable
face
from
unlimited
taxes.
orem
of
amount
the
obligations will
ad
be
val¬
The
enactment, at
time prior to the>delivery of
bonds, of : Federals legislation
which in terms;; by the~repeal or
omission of exemptions or other¬
wise, subjects to a Federal income
any
the
tax
the
class
interest.
on.
bonds
of
a
character, which includes
or
these
bonds, will • at the election
of the
purchaser, relieve the purr
chaser from his obligations under
the terms of the contract of sale
and entitle the purchaser to the
return
of
the
amount
deposited
subject to
the
opinion of Townsend,
are
is¬
favorable
Elliott &
Munson, of Philadelphia, and will
be delivered to the purchaser only
if
and
after the
proceedings au¬
thorizing
the
issuance
thereof
have been approved by the De¬
partment of Internal Affairs. En¬
•'
'
f
'
tomorrow,
Origihally
he made recommendations for ap¬
propriations totaling $476,940,0001
Subsequently he agreed to kddi4
tioiial appropriations of $37i00^
000, including $24,000,000 for 'in-i'
creased
school
subsidies
teachers' salaries.
>& rtd
;
'
■
Pittsburg, Pa.
rates of interest will be accepted.
as
•
Mr, Martin pointed out that he
estimated General fund receipts
of $476,942,000 in the fiscal period
Bond
Offering—E d
:
v,
■ ■
d
w a r
/
'R"
Frey, City Comptroller, has -httU.
nounced
sealed
that
bids
he
until
will
10
receive
(EWT)
July 19 for the purchase of the
following 4%, issue of 1945, geheral public improvement coupdn
bonds
amounting to $1,500,000:
$1,260,000 Series A bonds. Due
$63,000 Aug. 1, 1946 to 1965/;do<
240,000
Series B
bonds! Due
$30,000 Aug. 1, 1946 to 1953.*
Dated Aug. 1,1945.
Denomina*
tion $1,000.
The bonds of.Mactt
a.m.
on
issue shall bear interest at
not
exceeding the rate
a
rate
specified
above, uniform for each entire
issue, payable semi-annually, Feb/
and Aug. 1, in each year during
the term thereof, without dediiction for any taxes which may-be
levied on said bonds, or on the
debt secured thereby by the Com*
monwealth, pursuant to any pres¬
ent or future law (except success
sion, estate, inheritance and gift
taxes), the payment of which!
taxes will be assumed by the City.*
The bonds will be coupon bonds/
exchangeable at the City Control*
ler's
office
holder
at
bond
ered
the
at
Option
of the
time^or
a regist*
bonds*} of the safnef
any
or
maturity and: denomination or 'a
multiple thereof, not exceeding
the aggregate principal amount of
the coupon bond or bonds sUr*
rendered
in
exchange therefor/
Registered bonds shall be regist*
ered with the City Treasurer and
shall be re-registered only on the
books of the City Treasurer. Un¬
less all bids are rejected, the, s$id
bonds will be sold to the
higbpst
responsible bidder complying. v/|th
the terms of sale.
No bid
af.lesa
than par; and accrued interes.i,^
date of delivery will
the
be:i'acr;-
cepted.
Bids must be for the pn-.
tire amount of both issues
ii^the
total aggregate amount of $1,500,000.
The bonds will be delivered
(P.O.
bonds
June 26, were
with
appropriate
insertions and varia¬
tions as may be required/Until th0
exchange for definitive coupon,
bonds, the temporary bonds shallbe in full force and effect, accord¬
ing to their terms.
Bids must be
made upon blank forms which*
may be obtained from the City;
Controller
upon
request.
The.
successful bidder will be furnish-,
ed
with the opinioh of Reed»
Smith, Shaw & McClay, of Pitts¬
burgh, that the-bonds are direct
and
general obligations of: the
City, payable both as to principal
payment
date
price
102.50,
$8,000 in 1947 to 1949, $10,000 in
1950 to 1952, $14,000 in 1953 to
1956, $15,000 in 1957 to 1959, and
$20,000 in 1960 to 1965. The bonds
First Boston
R.
Au~
bonds offered
Edwards, Inc.
of Oklahoma City, as 2%s.
Bonds are due July 1, as follows:
to
bids
relating to health.
'I?
"Additionally we will add toithd
wealth through conservation arid
we
will
give our people imore
healthy conditions through road¬
side parks, small lakes and cither
Collxngs & Co., and Dolphin
Co.,
both
of
Philadelphia, close a certified check for 2% of
jointly, at a price of 101.61, a the face amount of the
bonds, pay¬
basis of about 1.362%. Dated July
able to the. Borough Secretary.' •
1, 1945..- These bonds are • due on
Pennsylvania (State of) '
July 1, as follows: $3,000 in 1948,
$6,000 in 1949 to 1952, $7,000 in
Surplus Grows to Over $174,1953 to 1963, $8,000 in 1964 to 009,000
—
The
Commonwealth
1966, $9,000 in 1967, and $3,000 closed. the 1943-45 biennium on
in 1968. Subject to redemption on May 31 with a record
surplus of
July 1, 1960, or on any interest $174,000,090, it was disclosed by
J.
Board, of
H.
will
July 16, for the pur¬
chase
of
$70,000
water
works
coupon
bonds, at not exceeding
2% interest. Dated Aug. i, 1945.
Denomination $1,000, Due Aug. 1,
as* follows: $3,000 in 1947 to
1952,
and $4,000 in 1953 to 1965. Bonds
maturing in 1953 to 1965, are call¬
sued
6
Bond Sale—The $275,000 Apart¬
revenue
Dist.
C. C.
and agreeing to
and accrued interest.
Dormitory
School
M unici pal Borough
thority, Pa.
\
Bond
rate1 of *; interest
pay par
offered for sale
City Council to re¬
defeated.
(P.O. Beaverton), Ore.
Davis,
offering the lowest
$35,000 refunding bonds was pre¬
approval by the
were
PENNSYLVANIA
June 29 for the purchase
building bonds. These
due $5,000 in 1948 to
The bonds will be awarded
ment
quest
to
80
p.m. on
inance to permit the City to issue
sented to the
submitted
Sale—The
E phrata
until
Secretary,
with the bid.. These bonds
(P.O. Guymon), Okla.
Bonds Offered —George
University
of
Oklahoma
Norman), Okla.
Proposed Bond Issue—An ord¬
$2,000,000
$10,000 school
bonds were awarded recently to
Blyth & Co. of Portland, as 11/2S,
at a price of 100.75, a basis of
about 1.398 %.:■ (Plus accrued in¬
terest from June 1, 1945),
The
next highest bidder was the First
Security
Bank, Beaverton, for
lVzS, at a price of 100.80.
wards, Inc. of Oklahoma City, as
iy4s, at a price of 100.37, a basis
ing .4% interest.
Zanesville, Ohio
22
County
ashington
Bond
of $35,000
bonds are
Bonds Authorized — The City
Council recently passed an ordin¬
ance calling for an issue of $8,000
improvement bonds, not exceed¬
June
No, 48
June
on
Clerk of the Board of Education,
Ohio
bonds
Center
bn
held
bonds
Melvin
—
on
above
Ore.
the voters at the special election
? .'■:;})
received
Struthers,
1953.
Portland,
Oologah School District, Okla.
Bond Sale—The $7,000 trans¬
portation equipment and repair
check
Enclose a
certified
$400, payable to the
Board of County Commissioners.
June
on
1'
purchaser,
for
sale
Bonds Defeated—The
or
surrender
payment.";
for
offered
161, 2714—-were awarded
to the. Oregon
I^utujd^Fire In¬
surance
Co. of McMinnvillej at
par.
Dated July 1, 1945. These
bonds are due on July 1, from
able to pay
would
sealed
(EWT),
conditions
$15,000 water
20—v.
outstanding bonds and
coupons as they mature or when
presented. The state would be
entirely debt free, if the bonds
payment
Sale—The
Bond
the
for
1956, and $900 in
Lafayette, Ore.
.,
funding bonds and coupons ma¬
turing after July 11." It added
called
to
office, or at the fiscal agency of
the State in New York City. The
next highest bidder was Charles
N. Tripp Co., at a price of 106.11.
all the requirements of the state's
be
receive
Registered
Principal and interest pay*
at
the County Treasurer's
able
.v;;—■■ -v-C
surplus, the commission
"is now sufficient to meet
could
1946
in
1957.
This
now
Offering
Borough
;
earlier.
all
Sale—The
careful and modern methods
more
Bond
Diven,
$22,900 2Vz%
principal only.
building bonds were awarded re¬ The bonds and the interest thereon
cently to the United States. Na¬ will be payable without deduction
tional Bank of Portland, at a price for any tax or taxes, except suc¬
of 106.90, a basis of about 1.39%. cession or inheritance taxes, now
Dated June 1, 1945. Denomination or
hereafter levied or assessed
$500, one for $400, These bonds thereon under any present or fu¬
ture law of the Commonwealth,
are due on June 1, as follows: $2,-
to April 30 was distributed as
follows: $20,044,192 to appropria¬
tions, compared with $22,239,191
in the ten-month period of the
preceding year; $2,504,717 to an¬
nual debt service, compared with
$2,543,876; and $9,516,739 to debt
retirement, a g a i n s i $7,648,532.
There was a surplus of $2,582,019,
compared with no surplus a year
that "the state is
on
Josephine County School District
No. 32 (P.O. Grants Pass), Ore.
up
said,
authorized
were
held
i
$6,106,617 from
$5,503,689, and
gasoline taxes to $3,358,837 from
$3,166,060. Cigaret license and tax
revenue
declined
to
$4,171,660
from $4,447,580.
General
election
May 8.
Principal and interest payable at
the City Treasurer's office.
The
approving opinion of Teal, Winfree, McCulluch, Shuler & Kelley,
of Portland, will be furnished the
purchaser.
Enclose
a
certified
check for $600.
the
to
the
at
recently.;■ ;v
if
■I Bond Offering—Hilda Schrantz,
N.
system bonds, not exceed¬
sewer
City of Columbus is understood
contemplate the construction
to
a
M.
of
thereafter
Other
at
a
bidders
were:
Corp.,
....
Butcher
&
Greene
County
(P.O.
burg), Pa.
will be awarded to the bidder of¬
Sherrerd
101.265
101.263
Waynes-
fering the lowest rate of interest
j Removed from N. Y.
agreeing to pay par and ac¬ Legale List—In the absence of in¬
crued interest.
Offered for sale formation regarding the municipal
and
debt structure, an issue
of $40,000
bonds has been iremoved
from the list of investments
ognized bond attorney or attor¬ ble for New York State
neys, who may be selected by the ) banks, it was announced
(
Edward
The
$4,000,000 more than
Governor anticipated in his
.
budget message to the General
Assembly in January. It is made
up of $111,750,000 in the General
fund and $63,000,000 in the Motor
License
fund.
.
eligi-
$48,870,appropriated to liquidate the
outstanding debt of the General
State Authority, the excess funds
will be expended for post-war'
improvement projects.
000
The Governor gave newsmen a
savings ; glowing picture
on
Martin.
is
With the exception of
^
Bonds
county
surplus
the
Price Bid
Bidder
subject to the approval of the
Attorney-General and ' Chapman
& Cutler of Chicago, or other rec¬
Governor
July -finances at
a
of
the
State's,
press conference. At
the
to
purchaser
the City
The.City
by
Controller at his office.
reserves
the
the
right to
successful
typewritten
bidder
or
deliver' to
temporary
printed
bond (qr
bonds for the aggregate principal
amount of said bonds which shal^
be substantially in the same
as
definitive bonds
after
to
be
forj^n
there¬
issued
omissions,
and
interest
from
ad
valorem.
62
v
THE COMMERCIAL & FINANCIAL CHRONICLE
taxes,
.
rate
without
limitation
amount
or
all real
on
to
as
$49,000
$51,000
prop-
and
the
bidder
June
principal amount of bonds bid
for, payable to the City.
RHODE
in
1961,
$50,000
in
1962,
Tennessee
in 1963, $52,000 in 1964,
$53,000 in 1965, as l^s. Dated
erty legally taxable therein.
En¬
close a certified check for 2% of
,
1,
1945.
was
The
a
from
highest
composed of
next
group
Blyth & Co.,
May
of
Cumberland Securities
ISLAND
1944.
Corp., Nashville,
North
Providence
dale),
Bond
(P.O.
R. I.
Offering—A,
Black,
Center-
bids
until
2
re¬
W.
on
p.m.
N. Estes &
Clark
&
fered
Denomination
about
and
$1,000. These bonds
are
due on Aug. 1, as follows:
$7,000 in 1946 to 1968, and $6,000
Bidder to
rate of interest in
Bond
and accrued interest to date
delivery will be considered.
Principal and interest payable at
2715—were
cate
a
for
Bank, Boston.
telephone bids will be ac¬
cepted. These bonds will be valid
general obligations of the Town,
estate
and:
tangible personal property in the:
Town will be subject to* the levy
of unlimited ad valorem taxes to
both principal and interest.
They will be engraved under the
supervision of and authenticated
pay
to
as
First
their
genuineness
National
j
This
bank
Bank
the
by
Boston.
.further
will
of
certify
that the legality of this issue has
been approved by Ropes, Gray,
Best, Coolidge & Rugg, of Boston,
a copy
of whose opinion will be
furnished
in
sale
a
1964
bonds offered
revenue
June
on
22—v.
161,
p.
No.
1965,
sale
earlier.
June
of 1944.
TEXAS
Aldine
Independent School Dist.
(P.O. Route 2, Box 487,
Houston),Tex.
July 17 for the purchase of $300,000 school house bonds, not ex¬
ceeding 3 % interest. Dated Aug.
1, 1945. Denomination $1,000. Due
Aug. 1, as follows: $8,000 in 1946
to 1952, $9,000 in 1953 to
1958,
$10,000 in 1959 to 1964, $11,000 in
bonds offered
161,
p.
syndi¬
a
&
1965
in
C;
H.
Little
&
Co., For
$80,000, l%s, and $20,-v
000, lV2s
Nashville
v
100.00
Securities
Co.,
For $90,000, l%s, and
$10,000,
100.82
Cumberland Secu
r
it I
Corp., Knoxville,
$100,000, l%s
Board
■
•
'-Bond
100.132
_______
Elizahethton,
100.056
Tenn.
$820,000 elec¬
tric/ revenue, series
A, bonds of¬
on
June 21—v.
2715—were awarded to a syn¬
dicate composed of Shields &
Co.,
Co., Hemphill,
Npyes & Co., Coffin & Burr, all
of
New
York,
Robinson-Hum¬
phrey Co. of Atlanta, Scott, Horn¬
named
of two
;
the
cost
Bidders
are
1%.
■
County
(P.O.
until June
30
Morton),
for
the
pur¬
of
held
on
>;
•
.
,
Bond
submit
Tex.
is
the
to
considered
being
voters
bonds amounting to
a
livestock
arena
an
issue
of
$1,250,000 for
at
Fair
Park.
ber
_Bonds Issued—The $225,0 00
Memphis, at
4%
bonds
1,
the election held
a
price of
par,
a
net
interest cost of 1.52%, as follows:
For $38,000 maturing June 1,
1948,
Septem¬
1, its entire issue of $54,000
funding bonds, dated Sept.
1940, due Sept. 1, 1970, num¬
bered
1
to
62
and
86
to
3V2s, J. & D., and $782,000 raeturing June 1, $39,000 in 1949,
90, in
denominations of $1,000, $500 and
$100. Holders of said bonds are
$40,000 in 1950, $41,000 in 1951,
$42,000 in 1952, $43,000 in 1953,
$44,000 in 1954 and 1955, $45,000
requested
to
present same, to¬
gether with all unmatured cou¬
pons, for payment to the County
as
in
in
1956, $46,000 in
1957,
$47,000
1958, $48?000 in 1959 and 1960,
Trustee,
ceases
on
on
September 1. Interest
date called.
County Water Control and
Improvement District No. 3
(P.O. Dallas), Tex.
submitted
be issued
tion.
as
a
voters at
to
the
on
June 16, will
result of this elec¬
The bonds
are
described
the
all 48
excise
sewer
bonds;
collections
;
of
,1.
•
,•
evaluating collection trends'
major state excises on a
sta.te-by-state basis, the federa¬
tion said, it should be borne in
from
.
in.1955.
hand/
;;;;y:yy/vwy v,"/y'
in
Hardeman County (P.O. Quanah),
.
states
sonal
which
and
have
corporate
both
net
per¬
income,
taxes but no general sales taxes—
Tex. .;
•
New
York
and
issue of Massachusetts,
1945, road and Wisconsin, for example—the rel¬
bridge refunding bonds was ative significance, of the excise
Tax
awarded recently to R. A. Under¬ taxes tends to be smaller.
wood & Co., of Dallas, as l%s and structures of the states differ too
2s. Dated June 15, 1945. Legality much from each other, however,,
approved by McCall, Parkhurst & to permit more than broad gen-,
eralization.
;
Crowe, of Dallas.
y
Bonds
$41,000
Purchased—An
series
.
of
*
.
All
Harrison
County (P.O. Marshall),
23
sales
tax
states
are
the states
showing rising
excise; tax collections over theBond
Election—An
issue
of
five-year period, the federation
$350,000 airport bonds, not ex¬
said, Ohio and Illinois being the;
ceeding - 23/2 % i interest, will be
only sales tax states whose total
among
Tex.
submitted to the voters at
tion to be held
on
bonds
in
20
due
are
not
elec¬
an
July 3.
These
than
more
years.:/.•■■■;
-U;f;?
Bond Issuance
excise collections rose at 'M lesser;
rate than the all-states average., *
Increases in excise collections'
were
recorded,
eight
Houston, Tex.
Authorized—An
construction
to the
election to be held
bonds
voters
states
tax.
sales
an
July 14.
on
18,
the
Planning
County
Board received
a
recommendation
from the City's Street and Drain¬
Committee, to issue $1,949,drainage bonds for
project costing $2,958,000.
Texas
(State
Amendment
James,
P
of),
a s s e
Tex.
d—J
esse
State' Treasurer, has
nounced
that
the
an¬
amendment
to
the constitution providing for the
issuance
of
not
exceeding 3%
bonds
for the
amounting to $25,000,000
purchasing of land for the
benefit of World
was
of
passed
the
by
War
the
Legislature,
2 veterans
49th
and
session
will
be
submitted to the voters for adop¬
tion on Nov. 7, 1946.
Excise
Tax
Collections
Rise
in
States, Decline in 17 Between
1949-44
—
Collections
excise taxes
on
motor
from
fuel,
•
of
the
states, '
Carolina, Tennessee, Flor¬
Georgia, the rate of in¬
above
was
the
all-states
average, while in Maine, Texas
and Maryland, increases were below
the
average
rate
of
Legislative changes such
increases in the
tax in
rates,
in
12.1%..
rate
as
Washington sales
1941, and reductions of the
California
and
affected
Illinois
tax
trends,
states.
many
Bond
sales
collection
Three Cities Vote
Issues
For
for
post-war
development
sults
of
$85,000,000 in
Post-war
Con¬
reconstruction
is
recent
bond issues
and
indicated in
referendums
re¬
on
totaling $85,000,000 in
Chicago, Los Angeles and Oak¬
land..'-.-,:,
Chicago voters early this month
approved six**bond issues totaling
$48,000,000 for public improve¬
ments, with $24,000,000 scheduledfor new park
other issues
for
improvements.
include
The
$15,000,000
airport development; S5.000,-
000'
slum
new
*
clearance;
refuse
collection
$1,500,000,<
and
street
cleaning equipment; $500,000, ga¬
rages for the department of streets
and
electricity;
ground;
and
tation of fire
Los
bond
UNITED STATES
31
four
by.
general
a
struction—Degree to which larger
cities are advancing
preparations:
Bond Issues Recommended—On
June,
furthermore,
f
without
In
and
crease
will
at
San Antonio, Tex.
improvement
improvement
tax
.
United States
110,000
Collections by these;
states.
$2,000,000, play¬
$2,000,000; rehabili¬
and
Angeles
issues
recently,
water
1944 ^
.
as
bonds.
in
In
of
issue
follows:
$115,000
taxes
on June 20, at par,
$1,500,000 bonds—v.
161, p. 2844—included McClung mind how
greatly the relative im¬
& Knickerbocker, R. N. Eddleman
portance of excise collections in& Co., Charles B. White & Co.,
■proportion
to • total - collections
Rauscher,
Pierce
&
Co.,
and varies.- Throughout the 48 states
Lovett Abercrombie & Co., all of
collections from the major excises
Houston.
The bonds were sold as
amounted to approximately 44%
follows: $250,000 maturing $50,000
of total state tax revenue in 1944,
in 1946 to 1950,; as lV4s, $250,000
if- unemployment ^ compensation
maturing $50,000 in 1951 to 1955, taxes are not
considered.
'
as Hfcs, $300,000
maturing $60,000
In those states with a general
in 1956 to 1960, as l%s, $335,000
sales or gross jeeeipts tax, ■ but
maturing $65,000 in 1961' to 1963, no tax on either
individual or
$70,000 in 1964 and 1965, as 2s, corporate net income — such as
and $365,000 maturing $70,000 in
Illinois, Indiana, Michigan, Ohio
1966 and 1967, and $75,000 in 1968
and Washington—the relative im¬
to 1970, as 2V4S.
All bonds ma¬
portance of excise taxation tends; V
turing from 1961 to 1970, optional to be great. On .the other
to
Dallas
Tenn.
Details—The
Sale
800 street and
er &
Mason, of Lynchburg, Wal¬
ter, Woody & Heimerdinger, of
Cincinnati, Watkins, Morrow &
Co., of Birmingham, and the Mu¬
nicipal Bond & Investment Co. of
Bond Call—The
county has
called for redemption on
of
awarded
was
an
Considered—An
Election
election
100.00
excise
collected
four taxes amounted to one-third
■
syndi¬
J. R. Phillips In¬
vestment Co., of Houston, which
a
1.545%.)
Rhea County,
Bond
.:
age
June 9.
■
Dallas,
______
major
$129,500,000.
School
cate headed by
—
Investment Co., Memphis,
Independent
District, Tex.
be submitted
Bonds Offered
P. E. Adams,
County Treasurer, received sealed
Municipal Bond &
jointly,
For $83,000,
344s, and*
$817,000, iy2s
Creek
$325,000
♦
Tex.
:
'
/.yy
Goose
,
$100,000 county hospital
bonds, authorized at the election
Watkins, Morrow & Co.,
Greatest absolute amounts from
the
South
Cochran
Heimerdinger,
—23%; New Hampshire,
—20.6%; and New-York, —16.4%.
ida
''
de¬
mont,
were
on bonds with
issue
of
$500,000
storm
sewer
option. The District will bonds was authorized on June U
furnish the printed bonds, a copy by the
City Council.
;■ yy:
of the proceedings, the approving
Leon County (P.O. Centerville),
opinion of J. P. Gibson, of Austin,
Tex.
;
or of Chapman & Cutler, of Chi¬
Bonds Voted—An issue of road
cago., and will deliver the bonds
bonds was favorably voted at the
to the
bank designated by the
election held on May 19.
y
purchaser without cost to him.
It is anticipated that delivery can Midland
Independent School Dist.
be effected Aug. 15; 1945. Enclose
Tex.
a certified check
for $6,000, pay¬
Bond
Election—An
issue
of
■■■
taxes
these
by
California,^
Bank, Dallas. Legality ap¬
proved by Gibson & Gibson, of $209,000,000; Illinois, $159,100,000;;
Ohio, $146,000,000; and Michigan,
Austin. v;
;
multiples of
Alternate
proposals
the District.
from
the five-year period occurred
Washington, 93.3%, and Okla¬
homa, 48.4%, whereas the sharp-1
est decreases were noted in Ver-'
5-year
to
•
an
will be considered
able
v.,;..'
a
over
tional
in
be
.
cost
sell
interest
the rate or com¬
rates with their
name
must
of
chase
(Net interest
on
bid which is nearest par and ac¬
crued interest. Any rate or rates
bids
&
the lowest
■
'
held
bring a price of approx¬
but not less than, par
bination
Spencer Trask & Co.,
Hemphill, Noyes & Co.,
Coffin & Burr,
Robinson-Humphrey Co.,
Scott, Horner & Mason,
and
to
and accrued interest.
vi
Shields & Co.,
au¬
were
y
of
on-
Largest percentage increases
-
intention of the
Trustees
required to
jointly,
$261,000, 23/4s, and
;
$639,000, 144s
__100.00
161,
p:
Spencer Trask
:
at
that will
;;y;";
Co.,
of
imately,
For
Sale—The
fered for sale
bonds
Stranahan, Harris & Co., Inc.
!
Davidson & Co., and ;r;./pA/yyyy
James F. Smith &
It is the
chaser.
;
Co.,
bonds
election
an
16, by a vote of 36 to 24.
Principal and interest payable at
the place preferred by the pur¬
Walter, Woody &
e s
For
Jack M. Bass & Co., For
$100,000, l%s
Nuveen &
at
June
(Net interest cost 1.4504%.)
.
.I.%S
:
John
100.018
iy2s
Herrpitage Securities Co.,
Nashville, For $100,000,
"
Equitable Securities Corp., /;
These
1975.
thorized
Price Bid
Price Bid
.
to
1969, $12,000 in 1970 to
1973, $13,000 in 1974, and $14,000
000
follows:
will
Schools,
Federation
reported
clined.
July 20, 1945.
Denomi¬
nation $1,000. Prin. and interest
payable at the Mercantile Na¬
■
as
of
receive sealed bids until 9 p.m. on
series
y'./::-
Bidders
period
$4,295,746 from
Bond Offering—L. C. Courtney,
maturing June 1, $41,000 in
1948, $42,000 in 1949, $43,000 in
1950, $44,000 in 1951, $45,000 in
TENNESSEE'
1952, as 2%s, and $685,000 ma¬
Clinton, Tenn.
turing June 1, $46,000 in 1953,
Bond Sale—The $100,000 gen¬
$47,000 in 1954, $48,000 in 1955,
eral improvement bonds offered
$49,000 in 1956, $51,000 in 1957,
for sale on June 22—v. 161, p.
$52,000 in 1958, $53,000 in 1959,
2843—were awarded to the Equit¬
$54,000 in i960, $55,000 in 1961,
able Securities Corp., as 114s, at
$56,000 in 1962, $57,000 in 1963,:
a
price of 98.625, a net interest $58,000 in 1964, and
$59,000 in
cost of about 1.37%.
Dated July 1965, as 144s.
These bonds are
1,
1945.
Denomination
$1,000. dated June 1, 1945. Other bidders:
These bonds are due $10,000 on were as
follows:
July 1, 1953 to 1962. Other bidders
Bidders
were
11-month
to
On
■
collections
in
/;/; ;.'V/
3%%
-
y
state-by-state basis, 1944
receipts from the four major ex¬
cises were higher in 31 states than1940 receipts, while in 17 states,
Dated
year
a
$4,878,908. Inheritance taxes rose
to $202,420 in May from $146,513
a
year earlier, and to $1,001,662
in
the
11-month
period from
$861,165 in the comparable period
composed of Blyth & Co. of
New York, Cumberland Securities
Corp., J. C. Bradford & Co., Jack
Bass
the
Superintendent
22—v.
awarded to
In
declined
The
Co., all of Nashville,
L. H. Ghormley &; Co. of Knox¬
Bond
Election—An issue
of
$49,000 bonds, not exceeding 3%: ville, C. H. Little & Co. of Jack¬
interest, will be submitted to the son, W. N. Estes & Co., and Clark
& Co., both of
Nashville, at a
voters at an election to be held
price of 100.016, a net interest cost
on July 3.
These bonds are due
of 1.398%, as follows: For
$215,in 20 years and will be used to
retire warrants.
were
$1,934,509
against $1,757,737
In the 11-month
$370,076 from $453,186
$7,000
and
1940, the
Administrators
-
June 13.
;
refunding bonds.
20, as follows: $5,to 1948, $6,000 in
1951,
in
Tax
refunding bonds.
20, as follows: $7,000 in 1953 to 1955,. $8,000 in
in
1956 to 1960, and $9,000
in
1961.
Optional on March
20, 1955.
$5,687,349, against $5,487,289.
they
Tenn.
revenue
on
2716—were
to
than
The bonds
Due March
Tobacco taxes in May decreased
1, 1945.
Sale—The $900,000
A, electric
for
l^s.
as
dated June
Greenville,
M.
2, S. D.
earlier.
year
were
cate
Yale Independent School District
as
to
70,000
Motor vehicle taxes, the second
largest item, brought in $682,717
in May, as against $868,714 a year
ago.
For the
11-month
period
awarded
and
are
Bond
v.
DAKOTA
1949
1946
1852.
taxes aggregated
$18,590,344, compared with $19,199,130 in the preceding year.
series
to a syndi¬
composed of Blyth & Co. of
bonds
purchaser, without
charge. Bonds will be delivered
to the purchaser on or about Aug.
1, 1945, at the First National Bank
of
Boston, against payment in
SOUTH
revenues,
3 V2%
000 in
sales, alcoholic beverages and
higher in 1944
tobacco were 12.1%
follows:
as
Due March
•
,
May, 1945,
Tenn.
the
Boston funds.
state's
York, Cumberland Securities
Corp., J. C. Bradford & Co., Jack
M. Bass & Co., all of Nashville,
L. H. Ghormley &
Co., of Knox¬
ville, C. H. Little & Co. of Jack¬
son, W. N. Estes & Co., and Clark,
&
Co., both of Nashville, at a
price of 100:009, a net interest
cost
of
1.51%, as follows:
For
$149,000 maturing June 1, $20,000
in 1948 and 1949, $21,000 in 1950
and 1951, $22,000 in 1952 and
1953,
$23,000 in 1954, as 2%s, and $276,000 maturing June 1, $23,000 in
1955 and
1956, $24,000 in 1957 and
1958, $25,000 in 1959 and 1960,
$26,000 in 1961 to 1963, and $27,000
No
real
of
cost
New
National
taxable
net
Sale—The $425,000
of
all
$40,000
period gasoline
name
par
and
a
in
Erwin,
A, electric
First
l%s,
Co. of Dallas.
described
are
Gasoline taxes again constituted
the
largest single item in the
which of¬
$243,000 3%s,
for
/;
eral
Tex.
bonds is being
by R. A. Under¬
for sale
wood &
For the first eleven months
of 1944.
Leon,
$110,000
offered
aggre¬
960,394 in the comparable period
1.55%.
multiple
of xk of 1%. No bids for less than
the
Tennessee
jointly,
Co.,
$577,000
of
of
sue
Figure—May revenues
state
Co., and
100.003
one
;
Jack- M. Bass & Co.,
July 2 for the purchase of $173,000 funding and equipment cou¬
pon bonds.
Dated Aug. 1, 1945.
in 1969 and 1970.
Co.,
De
Bonds Publicly Offered—An is¬
Decrease
of Tennessee's fiscal year from
July through May, collected rev¬
enues were $45,915,764, a decrease
of 0.09% from the total of
$45,-
L. H. Ghormley & Co.,
C. II. Little & Co.,
Robert
Town Treasurer, will
ceive .sealed
J. C. Bradford &
1944
the
Show
gated $4,081,276,
a
decrease of
1.95% from the $4,162,697 in May,
./,
■
(State of)
Revenues
Monday, July 2, 1945
one
police stations/
voters
totaling
500,000 for additional
chase and extensive
to
the
approved
$22,500,000
issue to raise $12.land
pur¬
improvements
municipal airports, the
state
American Public Works
gen¬
tion
reports.
This
issue
Associa¬
will
be
4
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4399
162
Volume
utility bonds to be retired from
airport revenues.
A $10,000,000 bond issue was
*
approved by Los Angeles voters
to pay for construction of a new
sewage treatment plant and an
outfall.
ocean
the entire
of
to
which
come
Estimated
cost
projects is $21,000,000,
$11,000,000 is expected
from
federal
and
state
the 19 cities and
aid from
of
com¬
munities
discharging their sewage
through the Los Angeles system.
Oakland, Cal.y voters approved
six bond issues aggregating $15,-
754,000, and broken down
fol¬
as
UTAH
collections, on the other
slightly above the allProvo, Utah
states average of 7.5%, recording
Additional Information—In con¬
an 8.1% increase, while Michigan
nection with our report that a
receipts were below the all-states
syndicate composed of the Edward
average with an increase of 6.6%.
L, Burton Corp., Lincoln Ure &
Indiana
reported the greatest
Co., both of Salt Lake City, and
percentage increase—17.9%—with John Nuveen & Co. of Chicago,
Illinois
hand,
were
North Dakota's 15.8% next in line,
Five
public swimming pools es¬
timated to cost $600,000; public
playgrounds and other
recrea¬
tional facilities to cost $423,000;
hall of justice building to
cost
$2,707,000; a comprehensive street
improvement program
covering
the entire city to cost $4,950,000;
sewer system extension, improve¬
reconstruction
and
ment
Mexico
were
the
for
those
Assessments
2y4%
Approved and Defeated
Recent Elections—New bond
issues
aggregating more than $5,000,000 were approved recently at
bond elections or through legisla¬
action, whereas close to $2,000,000 of new municipal issues
were defeated by popular vote.
tive
The approved issues include the
following bonds: $2,750,000 Los
Angeles County, Calif., Glendale
unified school district, $1,150,000
New Britain, Conn., post-war de¬
velopment, $350,000 Miami Shores,
Fla., golf club purchase, $250,000
Wewoka, Okla., water and sewer,
$150,000 Clay County, 111., hos¬
pital, $130,000 McCone County,
Mont., court house and hospital,
$100,000
Fallon County, Mont.,
h o s p i t p. 1 construction. $70,000
Cambridge, O., 2% per cent sew¬
age system, $63,000 Bethany, 111.,
electric
light plant and system
certificates of indebtedness, and
$60,000 Saunemin, 111., road con¬
struction bonds.
:-
bond
ment
or
semi-annual
in¬
issues
$1,500,000
Denton,
Tex.,
revenue bonds, $200,000 lviouncisville, W. Va., municipal building,
"fire truck purchase and equip¬
ment bonds, $175,000 Clarksburg,
W.
Va.,
municipal
recreation
bond, and $38,000 Milledgeville,
111., School District No. 100 con¬
1
\
electric
;
Covering 62 of the 92 cities of
than 100,000 population in
revealed:
the nation, the reports
Increased
real
estate
assess¬
in
ments
creased
losses
45
jurisdictions, de¬
assessments—representing
in .value—in 17. jurisdic-
tions.
highest percentage increase
reported by Akron, O., where
the assessed valuation of real
tate
es¬
from $206,635,870 in
1943
to
$251,905,640 in 1944—an in¬
crease.of $45,269,770, or 22%.
rose
At
the
other
extreme
the
was
city of Duluth, Minn., which re¬
ported a decline from $38,550,865
in 1943 to
$37,048,460—a decrease
$1,502,405, or 4%.
of
In
dollar
of
terms
valuations,
however, the greatest decline in
real estate assessments took place
1943 total
$2,048,606,000 dropped to $2,024,845,000—a loss of $23,761,000,
Detroit, where the
of
or
1,15%.
The Detroit decrease
the
difference
represents
between
a
in
cut
values of
$25,933,000. '■%
»
The total for the latest real es¬
struction bonds.
Evanston School Dist.
Evanston), Wyo.
of
$65,000 construction bonds
will be placed on the market as
sue
of
result
a
June 20 to
a
$1,250,000
bonds
awarded
syndicate headed
by Shields & Co., of New York,
at a price of 100.003, a net in¬
terest cost of 1.555%, as previous¬
ly stated in—v.-161, p. 2844—also
received the following bids:
Price Bid
Bidders
Blyth & Co.,
'.''V;
■
Nashville,
C.
&
Co.,
re¬
Adjust
To
Savings—Note
of
Alberta savings certificates stand
profit nicely through a readjust¬
back interest owed cer¬
on
holders,
which
coupons
debentures
on
detach
but to leave them
for
exchange for
debentures.
will be
Interest
debentures an¬
full year's in-i
becoming payable on Dec,
%
instead
providing for an¬
in¬
semi-annual
of
terest payments, the interest rate
on the series A bonds is increased
from
2%
to
2%%,
the series
and
iy2% to
4%
on
the
on
C bonds from 314%
the
on
series
2%%.
series
The
to 3 Vi%
from
D
of
rate
B
bonds
changed.
savings cer¬
tificates will be paid the differ¬
ence
between 2 % currently paid
and the 3%.%: interest- rate pro¬
vided
for
refunding provincial
Amount of
bonds.
interest to be
readjusted is thought to be around
$600,000.
readjustment
The
plan is re¬
Premier E. C. Manning,
the certificate holders
a
result of the gen¬
agreement
currently being
the refunding of
as
for
provincial
debt.
This is
the
savings certificates will receive
eactly the same interest terms as
those provided for the bonds be¬
ing retired under the plan.
that
statement
holders
of
A
special session of the Alberta
Legislature has been indicated for
August when it is likely final
authority from the house will be
asked for the- refunding; agree-,
ment.
Halsey, Stuart & Co.,
Blair & Co., Inc.,
;
Paine, Webber, Jackson & ,
Curtis, ■ J.
■.%y;.
Ryan, Sutherland & Co., and
Nashville Securities Co.,
these
be
will
first
,;
di¬
are
rected by the order not to
cent of cost to the
a
W. N. Estes & Co., and
jointly,
Vh/f-y'Vi:
For $180,000, 2%s, and
$1,070,000, 1V2S _-.___-100.004
(Net interest cost 1.559%.)
'
*
paid
not be
holders
debenture
remains;
un¬
J
;/
:
Holders of Alberta
the
Co.,
Stranahan, Harris & Co., Inc.,
Davidson & Co., and
r
James F. Smith' & Co.,
all outstand¬
on
will
debentures
nual
Rate
Plan—Holders
Refunding
negotiated
Equitable Securities Corp.
1945,
15,
in effect.
In addition to
(Province of)
C. H. Little & Co.,
John Nuveen &
June
Coupon No. 18
ing
and
Munici¬
Ontario
31,1945.
Alberta
Jack M. Bass & Co.,
Co., jointly,
For $435,000, 3s, and
$815,000, iy4s
100.001
(Net interest cost 1.557%)
the
now
terest
L. H. Ghormley &
Clark &
Board
new
ALBERTA
eral
Co.,
pal
dated
of
order
an
paid on the new
nually, the first
will benefit
Bradford
held
cently.
vealed by
w7ho says
Cumberland Securities Corp.,
J.
election
an
in
Now
reorganization plan
for the outstanding debentures of
the above city was approved by
and is
Bond Issuance Planned—An is¬
tificate
land, values of $49,655,000 and an
increase in improvement
bonds, not exceeding
(P.O.
Ont.
Plan
Effect—The
Uinta County
■
The
was
on
until
Alberta Government.
Bids—The
revenue
bids
interest.
4%
1, 1965 to 1978,
Reorganization
Town
June 28 for the pur¬
$30,000 general obliga¬
made without
Bristol, Va.
Other
The
on
of
water
ment
VIRGINIA
more
in
clude:
;
p.m.
June
on
1964,
bonds,
refunding
Windsor,
installments
refunded.
more
Officers reports.
8
chase
3%%
Wyo.
—
June 1, 1955 to
on
400,000
Due
sealed
received
Clerk
tion
Bow,
Offered
Bonds
to
bond
popula¬
with
Medicine
thereafter, at " par and accrued
interest—plus
$20.00
for
each
valuations
Due
officially
on
WYOMING
In
than i00,000, the
National Association of Assessing
of
two
from the date of issue, and
list, it was
July 1.
announced
commencing three years from the
date
of
bonds
and
ending 25
years after date of issue. Callable
at the option of the city, in inverse
numerical order on July 1, 1947,
or on any interest payment date
Gain
jurisdictions
tions
first
the
for
the
at
paid. These
bonds will mature serially in an¬
trend
estate assessed
real
interest
bear
thereafter iy2% until
the
slight upward
Estate
Real
of
years
nual
Total state revenues during
will
is revealed in reports from assess¬
$1,763,000.
Bonds
defeated
rate
five-year period rose from $3,300,000,000 in fiscal 1940 to $4,100,000,000 in fiscal 1944, exclud¬
ing unemployment compensation
contributions, the federation said.
in
The
bonds
average.
and four branch library
at
while
average,
Slightly—A
to cost
Carolina
Michigan, Mississippi, Ohio and
West Virginia were slightly below
$5,311,000; a main library building
buildings
col¬
above the 7.5% in¬
North
and
lections
cost
to
purchase—sub¬
a special
election to be
July, an issue of $1,000,-
by Washington, 14.3%;
ject to
Oklahoma, 13.8%; Colorado, held in
13.3%; Wyoming,. 12.5%; Iowa, 000 water revenue bonds—v. 161,
12.4%; and Louisiana, 12%.
p.
2604—it is now stated by I.
Alabama, Arizona, Kansas, New G.
Bench, City Recorder, that the
crease
lows:
had contracted to
followed
investment
63
The
sible
schedule
new
now
Alberta
because
is
will
pos¬
now
participate in the Dominion-pro¬
vincial agreement whereby Ottawa
agreed to take care of provincial
debt charges in exchange for the
sole right to collect income taxes
and other key revenues.
QUEBEC
Quebec
Bond
(Province of)
Pending-—It
Offering
is
Province in¬
tends to seek bids on a large bond
offering soon.
Two possibilities
have been discussed; (1)
a $15
millions long-term 3 % bond issue,
that
reported
the
to be sold in the domestic market
only, and with proceeds to be used
to
in¬
short-term
certain
refund
bills, etc.,
contracted in recent months; (2)
a
larger issue, perhaps $25 mil¬
lions, to consist of $15 millions
debtedness,
treasury
bonds for domestic marketing
$10
million
sold
be
to
and
New
in
York, with the extra $10 millions
be
to
aside
set
substantial
for
needs in the months
ahead when
will be seasonally at low
revenues
financing
approval. Ott¬
awa's reaction has been cool al¬
though it has been contended that
the Alberta financing proposal to
provide new money from N. Y. set
a
precedent.
ebb,. The
requires
two-market
Ottawa
SASKATCHEWAN
;
Saskatchewan (Province
of)
$2,216,025 Surplus Indicated
—
Preliminary figures show that the
.
Elections to
decide about
than
$27,000,000
bonds
i
will
of
more
municipal
tate assessments of
the 62 report¬
ing jurisdictions is
$30,685,862,000,
000 self-liquidating
compared with a-total of $30,431,034,000 for preceding assessments.
This reveals an over-all increase
the State of
of
held
the
in
These include:
future.
*
be
near
$25,000,bond issue of
Texas, to provide for
the purchase of land for resale to
veterans,
Aug.
25;
$1,000,000
Provo,
Utah,
water
revenue
bonds, some time in July, $950,000
Nebraska City, Neb., electric light
and power revenue bonds for the
purchase of local property of Con¬
sumers
Public Power, June 26;
a
$254,828,000, or eight-tenths of
one per cent,
%' yy y
iointlv
For
In
cut
■
■
$180,000, 3s, and
'
$1,070,000, iy2s —
100.002
(Net interest cost 1.571%.)
_
In
latest
this
latter
the
connection,
semi-annual survey of the
National Association of Real
Es¬
of
tate Boards indicates that 84%
reporting show a median
rise of 12%% in real estate prices
the cities
between
September,
1943,
and
Smith, Barney & Co.,
First Boston Corp.,
For
.:
over
the
sult of
a
in July,
preceding
year
as
a
re¬
reduction from 3 to 2y2%
1943,
from
general
Wis.
sales
taxes, motor-fuel, alcoholic bever¬
age
and tobacco
taxes
totaled
Bonds
Removed
from
N.
Y,
lack of
'$1,730,000,000 in 1941.
A shc?rp information pertaining to the mat¬
rise of 14.2% increased collections ter, county bonds in the amount
of $260,000 have been removed
for these major excises to an alltime
high of $1,970,000,000 in 1941,
Legals List—Because of a
from
the
New
York
State
Debt Refunding
Legislation Be¬
ing Prepared—Refunding legisla¬
tion is in course of preparation
pending special session of
August
100.05
(Net interest cost 1.69%.)
different issues of Ardmore, September, 1944.
4
Okla.,
bonds totaling
$280,000,State
Revenues
Soar — Most Harris, Hall & Co.,
July 10; and $250,000 Robbinsdale,
R. W. Pressprich & Co.,
State treasuries enjoyed ''golden
Minn., city hall, fire and police
Milwaukee Co.,
years" during the five-year pe¬
station bonds, on a date yet to be
Alex. Brown & Sons,
riod, 1940 through 1944, when to¬
fixed.
';V :
tal State revenues climbed 24.2%. Kebbon, McCormick & Co.,
State Sales, Use, Gross Income
First of Michigan Corp.,
The Federation of Tax Admin¬
Tax Collections Reach All-Time
R. S. Dickson & Co., and
istrators
reported May 6, that,
High In 1944—Collections from
Martin, Burns & Corbett,
while the national income was be¬
general sales, use and gross in¬
; jointly,
;flV v.v'..'"
ing doubled under the impact of
For $995,000, l%s, and
come
taxes levied by a total of
defense and war spending, total
23 states soared in 1944 to an all$255,000, iy2s
100.04
State revenues rose from $3,300,time
high of $745,000,000 ■— or
(Net interest cost 1.71%.)
000,000 in fiscal 1940 to $4,100,33.5% of the $1,940,000,000 col¬
000.000 in fiscal 1944. These fig¬
WASHINGTON
lected by all 48 states, from all
ures exclude contributions for un¬
their 4major excise taxes during
Tacoma, Wash.
employment compensation.
the year, the Federation of Tax
Election Planned—An issue of
Most of the increase was de¬
Administrators reports.
sewer construction bonds amount¬
rived from income taxes, espe¬
Total sales, use and grpss in¬
cially on corporations, and general ing to $3,000,000 will be submit¬
come taxes, also, represent a 7.5%
sales taxes. Total tax collections ted to the voters at an election
increase over collections for 1943,
to be held in November.
These
and a 44.7% increase over those would have risen even higher if
commodity shortages and ration¬ bonds are to be part of a post¬
for 1940, the federation said,
war program.
Greatest absolute amounts were ing had not caused declines in
revenue
from several important
collected by California, $140,000,WISCONSIN
especially
motor-fuel
000;
Michigan, $95,800,000; and excises,
LaCrosse County (P.O. LaCrosse),
Illinois, $90,000,000; followed by taxes and related license taxes.
Revenues
gevernment bonds.
Session
six
Ohio, $67,100,000; and Washington,
$59,700,000. It was noted, how¬
ever,
that
California's
receipts
from sales taxes rose by only .9%
on
the Alberta legislature.
$710,000, 2s, and
legal
Saskatchewan
ended
announced
made in interest* rates
was
for the
Braun, Bosworth & Co., Inc.,
Barcus, Kindred & Co., and
Webster & Gibson, jointly,
$540,000, iy2s
1935, interest on the Alberta
savings certificates was slashed
by 50c at the same time a similar
Province
take
will
action
called
during
September
early
or
final
be
on
to
the govern¬
ment's debt refunding
plan cover¬
ing public debt on the province
amounting to $113,200,000.
It is
expected
the session will last a
week and will be confined entire¬
ly to the refunding plan which in¬
volves co-operation of the Do¬
minion
government and the bond¬
holders.
NEW
BRUNSWICK
that the Province
calling for tenders on a $6,000,000 14-year 3% issue, callable in
is
1957.
Of
the
its fiscal year,
a
Treasurer, C. M. Fines, revenues
were $34,116,569.96 and expendi¬
tures $31,900,544.35.
Mr,
view
of
Fines
of
provincial
intention
proceeds, $2,100,000
Canada-
of
the
and
annum
per
it
in
the
was
Government
to
are
payable
in
New York funds. The annual sav¬
ings of interest charges that will
be effected by redeeming these
bonds in this
manner
will amount
to
$101,250 or, including foreign
exchange at present rates, approx¬
imately $112,000.
These deben¬
tures were issued July 2, 1925.
ity to be redeemed in full in cash
by the Province for many years.
The
Provincial
disclosed
Sinking
creased
also
Treasurer
Provincial
the
that
Funds
have been in¬
during the fiscal year just
000,477.19,
$23,919,341.02 to $31,being an increase of
$7,081,136,17, which together with
Commis¬
the fact that the current cash posi¬
$3,400,000 for
tion has been maintained made it
Power
account, and
capital account.
revenues,
that
stability
off a bond issue of $2,250,000
maturing on the second day of
July
1945,
without
refunding.
These bonds bear interest a t 4y2 %
payable 3%% bonds that matured
May 15, last, $500,000 will be for
sion
continued
pay
closed from
Brunswick
stated
also
the
will be used in refunding
New
April 30, 1945 with
surplus of $2,216,025.61, it was
June 9 by Provincial
This is the first debenture matur¬
New Brunswick (Province of)
Tenders Sought On Bond Issue
—It is reported
of
possible for the Province to
vest
ONTARIO
in¬
$3,750,000 in the 8th Victory
Loan.
Scarborough Township (P. O.
Scarborough), Ont.
Bonds Purchased—The follow¬
The
out
Government
its
intention
in
to
carrying
reduce
the
debt of the Province at
the earliest possible date, paid off
floating
ing bonds amounting to $600,000,
have been purchased recently by
Fairclough & Co. of Toronto:
than the Dominion Government to
$100,000 3% refunding bonds. Due
on June 1, 1946 to 1954.
paid debentures to an amount of
100,000
3y2%
refunding
Treasury
an
Bills
amount
bonds. $404,060.
of
to
holders
$2,692,000
other
and
re¬
Monday, July 2, 1945
THE COMMERCIAL & FINANCIAL CHRONICLE
64
/tmerican Industry well merits a decoration for its brilliant record in
the
Mighty 7th! But,
dustrial leaders aren't
.busyConsolidating
as our
newly decorated Pacific heroes quickly return to combat,
resting on their laurels. Slack into Momd fiction—they
recent
Payroll Savings Plan gains!
JFirsti
many
the substantial number of new
executives
names
By selective resolicitation, they
are
are now
^
patrioticallywrking to retain
recently enrolled during the 7th War Loan/
urging all
many are
worker who increased his
this wise,
are now
new
subscribers
to
maintain Bond
/•'
§ee&nd9
on
in¬
/
buying allotments.
urge every
so
also employing selective resolicitation
or
.
to
her subscription in the 7th to continue
saving-more-for-the-future basis.
to
of
set
Payroll Savings Plan subscribers—and amounts of individual subscriptions—to the mark
in the
Mighty 7th!
v'../
:::
''' '■ I
THE COMMERCIAL AND FINANCIAL CHRONICLE
§3
This is w official U.S. Treasury advertisement prepared under the auspices of Treasury Department and War Advertising Council
^
@FedFRASER