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iUS. ADN&
*
MONDAY
library:
Volume
Number 4091
156
New
|
York, N. Y., Monday, July 20, 1942
STATE AND
CITY
Price 60 Cents
a
Copy
DEPARTMENT
BOND PROPOSALS AND NEGOTIATIONS
Pasadena
Munic. Imp. Dist. No. 4
(P. O. Pasadena), Calif.
In This Issue
Debt
A
fiscal year in order that accounts
is
petition
said to
have
holders
rendered
Composition Plan Filed—
ficials receive
during the
liquidated.
been
filed in the United States District
Corporation News
State and
Court at
QUOTATIONS
York Stock
New
York
New
ordered
with
Exchange
Curb
Clerk
before
or
file
to
the
proofs
of
the
of
the
date
for
set
on
the
hearing.
Exchange
the
Out-of-Town Listed Markets
Authorized
Indications
La
Prichard, Ala.
Voted
Bonds
held
—
13
July
on
At an election
the
voters
ap¬
proved the issuance of the follow-
$32,000, by
school, and
line bonds.
; ing bonds aggregating
wide margins: $20,000
$12,000 sewer
*Ala.
T uscumbia,
destroyed or
misplaced highway bonds have
been received.
4lost,
Bonds of $165,000, some
issued
road
in
have
districts
of them
original
the
by
1917,
de¬
been
not
posited for refunding or exchange.
Since
.
the
1917,
has
Legislature
passed the Martineau Act of 1927,
by which the State assumed pay¬
of bonds of eligible road
ment
Scaled
-
Tenders Invited
—
ham, sinking fund agent and
t
-
.
The
National Bank of Birming-
First
de-
positary for Tuscumbia, announces
that it will receive sealed tenders
the
purchase of public improve1-5% bonds, hos-
ment refunding
-
*
*
.•
,
pital refunding 3-5% bonds, and
general "refunding 1-5%
bonds,
all dated Sept.
1, 1936, due on
exhaust
sinking fund deposit of $23,-
Sept. i; 1966, sufficient to
a
259.36.
izard
/
•
>
.Y'-Tif.
Voted
•
—
At
an
here
•
•
»
been
determined.
similar proposals for municipal
ownership'. of : utility companies
were rejected this year in Safford
and Flagstaff.
has
'
-
•
v
last
chased
on
in
not
'
-
yet
Co. Sch. Dist. No. 8
(P. O. Phoenix), Ariz.
Bond Offering—Sealed bids will
be received until 10 a.m. on July
Maricopa
27, by the Clerk of the Board of
Supervisors, for the purchase of
$4,000 school bonds.
A certified
check for 5% of the bid is re¬
quired.
4s
as
:
'
-
at
were
pur¬
and mature
par,
CALIFORNIA
ARKANSAS
Old
Road
Outstanding—Since
date of Act 4 of
trict
•
bonds of
a
the
above
to
district
deposit
any
coupons - of
Merchants
"being advised
are
and all bonds and
the
district with" the
National
Cal.,
cramento,
Bank
the
of
Sa¬
disbursing
agent of the District Court of the
United States for the Northern
'
District
of
California, Northern
Division, within 30 days from
June 25, 1942, or thereafter with
the Clerk of the Court in the Fed¬
Building,
payment
in
Sacramento,
accordance
with
for
the
interlocutory decree entered in
the
municipal bankruptcy pro¬
ceedings on March 11, 1942. The
respective
amounts
holders
will
be
paid
equal to 20 cents for each
dollar
principal amount of the
bonds provided that all unpaid in¬
terest coupons are delivered with
bonds.
pons
Still
effective
1941, old road dis¬
total of $123,00,0,
highway bonds of $38,000 and DeValls Bluff Bridge bonds of $5,500
have not been deposited for ex-
If any bonds are not
all unpaid cou¬
there will be deducted from
—
A
bonds
sum
will
1952
$7,000
1950,
to
ization
Prin.
int.
and
payable at
Issued
are
deposited
this
of
available
—
for
In
ten¬
$44,389 bonds were purchased at
71, and $1,000 at 70.
Escambia
including
County
.
O.
(P.
Pensa-
cola), Fla.
as
Bond Call—It is stated
by T. C.
McCoy, Chairman of the County
Board
of
Commissioners,
that
paving
bonds
Nos.
1268 to
Conn.
^available at the Union &
dgent
now
both
the money is now
as
ing
a
this
eiliy»V"Vr':;;Vv4:vV
Inasmuch
that
states
five
bonds
chased at 75.00 and
total
of
were
pur¬
interest, mak¬
bonds retired
year.
37
Legality
"
,
4; :■*, CONNECTICUT
Connecticut
Cash.
for
Surplus
Debt
mediate payment.
as
May-. Be
Retirement—The
follows:
Connecticut
: "
ended
*
t
its
fiscal year June 30 with a general
fund cash balance of more than
$11,000,000, \ State
Comptroller
John M.'Dowe reported Wednes¬
day.'
J'";;:':;v-KVi¬
ndicating
an
increase of about
$6,000,000 over the previous fiscal
year's cash balance, Comptroller
Dowe asserted that a general fund
cash surplus of about $10,000,000
is expected to exist when state
record books are finally tabulated
and closed Aug. 30. The expected
surplus largest in many years,
will
be
used to retire
existing
bond issue debts.
The
$10,000,000 surplus estimate
arrived at, the Comp¬
troller
explained, by a propor¬
tionate comparison process based
has
on
been
previous year's experience.
the general
As of June 30, 1941,
fund cash balance stood at $4,525,-
898, and when books were finally
closed on Aug. 30, the surplus was
nancial
win
oe
as
condition
of
avanaoie by
the
state
mid-beptem-
Hnaks -must,
he
keot
following the
ouen
close
far
60
of the
■..<•
*
i
■
good idea to in¬
a
listed i the
Marlowe
overdue,
■
Court,
in
Southern District of
A
following
and
hearing
on
the
scheduled to be
been
payable
V"
uncalled for:
Federal
petition has
held at the
Miami, qn
$1,000 bonds for the, Sept.
a.m.,
which
time the court will hear and con¬
widening, relocation and exten-,
sion of Grove Street, dated Mar. 1, sider the petition, together with
1928 and due and payable at 4% any and^all answers or objections
filed thereto by creditors, and
interest on Mar. 1 of this year.
,
t
...
<
Building
14, at 9:30
Twelve
A
$1,000 bond for the 31st Ward
in
will take and hear testimony upon
the
plan, classifying claims of
interest creditors filed therein, receiving
and
on Mar. 1.
tabulating acceptances and
Seven $1,000 Park and Play¬ rejections
of the plan filed by
ground bonds dated Mar. 1, 1928 creditors, will hear and consider
and due and payable at 4% in¬ and pass upon or refer to a special
master for
terest on Mar. 1.
hearing any and all
A
$1,000
sewer
bond
dated matters proper to be heard or
Mar. 15, 1926 and due and pay¬ referred to the special master at
able at 414% interest on Mar. 15. ; that time.
..4.-\
fire station dated Mar. 1, 1928 and
due
and
payable
at
4%
street pavement
Twenty $1,000
Creditors
are
further
notified
1920 and due to file on or before Sept. 1, with
and payable with interest of 5%
on April 1.
Five $1,000 sewer bonds dated
INDEX
April 2,. 1917 and due and payable
Quotations:;
Page
at 4% interest on April 2.
New York Stock Exchange........ 217
bonds dated April 1,
Five
funding
$1,000
bonds,
series of
1933, dated June 1, 1933
and due and payable at 414 % in¬
terest
on
June
Although
figures on the actual fi¬
ber, Mr. Dowe said..
Under sta¬
tute, all state financial record
days
-
bonds
1941-42
District
and for the
Florida, ask¬
vest the $51,000 in U. S. Govern¬ ing
for the approval and con¬
ment
War Victory Bonds," one firmation of a plan of composition
for the indebtedness of the city."
city official commented.
"It would be
(State of)
Hartford "Courant" of July 9 re¬
ported
v
barred from claiming or asserting
in¬
call
Key West, Fla,
Debt Composition Plan Filed—
approved by Pershing, Bosworth, since the due date, city officials, The creditors of the city are be¬
Dick &-Dawson, of Denver. >4'^ pointed out that the owners of the. ing advised that a
petition ; has
bonds should present them for im¬ been filed in the United States
as
any
cash,
funds,
the
July 6, of refunding bonds,
A, B and C, dated July 1,
the City Clerk states that
1936,
pro¬
lying idle in the bank with no in¬
terest credited against the bonds,
pay
-
Final
or
State
legal limit, sufficient to
principal and interest.
000,000.
against the district
former
with
on
Series
and all the taxable property
within the city is subject to the
levy of ad valorem taxes without
poses,
as pro¬
be
ders
children.
New Haven Trust Company,
for the
forever
will
is
pur¬
Unless bonds
holders
Bond
1293, 1299 to 1330 and 1336 to
Matured Bonds Not Presented 1352, dated Aug. 15, 1921, are be¬
for Payment—Controller Cecil J. ing called for payment on Aug.
Marlowe
reported July 11 that 15, at the Guaranty Trust Co.,
$51,000 worth of city bonds, due New York City.
Denom. $1,000.
and payable, have not been pre
Interest ceases on date called.
sented for payment by their hold¬
Haines City, Fla.ers despite the fact that the due
Bond
Tenders
Accepted — In
date has passed.
V !
connection with the call for tend¬
The money to pay the bonds,
ers on July 2, of refunding bonds,
plus interest, has been paid into
issue of 1938, the City Manager
the sinking fund by the city and
in
$3,900,000.
On the basis of an
$11,087,913 cash balance this year,
surplus may be estimated at $10,-
vided,
presentation
Clearwater, Fla.
Tenders Accepted
connection
road
the City Treasurer's office.
extension
by
sur¬
encumbered
dependent
New Haven,
maturing in 1951 to 1953,
on and after Aug. 1,
1950.
So
will be
of the
itself," Marlowe said.
is
bond
reported, amounted to $35,591,598,
as compared with $32,531,078.
arid $8,000 in 1953.
for water ' works
man
"The only way payment
remain
gram, the entire sum will revert
into cash surplus on Aug. 30.
optional
are
made
this
Mr. Dowe said that since Federal¬
Aug. 1 as
and 1947,
on
1946
a
story.
$6,162,574.
least $4,-
at
is
the price to be paid for each bond
an amount
equal to the full value
of each missing unpaid coupon.
change or redemption, according dividually owned property located
to a report by Frank Storey, Jr., 'in -the
district-or
the
owners
r supervisor of the State .Refunding thereof, any claim or-lien
arising
Board.
Only seven requests for out of the bonds. •
!
in
1948 tq
and
Used
accompanied by
Arkansas
;
$6,000 in
Bonds
Due
$5,000
\ Large
^
•
quested—Holders of bonds of the
the
(State of)
District Bonds
follows:
Jan. 1; $600 in 1943 and $1,000
1944 to 1953..
eral
.
September,
Compton-Delevan Irrigation
[
District, Calif.
Bond and Coupon Deposits Rer
election
,July: 7
on
now
water 'extension
payable F-A.
1951
un¬
of the close
of the fiscal year, the Comptroller
Public
city of¬
far, however, he has failed to col¬
lect anything on the basis of his
general
that
unliquidated
Total
to
public,
visit from
FLORIDA
The
being offered by Brown, Schlessman, Owen & Co. of Denver, for
general investment.
Denom. $1,000. Dated Aug. 1, 1942.
Interest
'
the voters approved the issuance of up to $100,;* 000 in bonds, the proceeds to be
used for the purchase by the town
of the local power and light com*. pany.
The count was 121 to 75 in
favor.
The exact price to be paid
held
'V\:.
is
reported
that the $10,600
(not
$10,000) court house bonds sold to
the Bank of Melbourne, as noted
Holbrooh, Ariz.
Bonds
.-,s-
Details—It
Sale
V
-It'
ARIZONA
Melbourne),
O.
Ark.
;
r
(P.
County
Bond
at noon (CWT), for
until July 30,
*
districts, Act 11 of 1934, the first
refunding Act, and Act 4 of 1941.
gation
state
intact for conversion to cash
Junta, Colo.
Offered
a
bers of bonds before his death.
on
plus.
City
$50,000 issue of 2% general obli¬
of
that
are
000,000- of
ments
The
—
$50,000 refunding bonds, to be
Bonds
reissuance
show
encumbered
all separate
ALABAMA
of
appropriations
dated June 1,1942.
(See Index Below)
condition
made
grandfather
"eentri" and hid large num¬
was
present
is
who contends that his
includes, the
Comptroller
pointed out, for example, $1,400,000 set aside last year for pay¬
Council is said to have passed an
ordinance calling for the issuance
of
be billed and
funds for the year total
Golden, Colo.
Bonds
Miscellaneous
performed
fund
COLORADO
Unlisted Securities
year may
liquidated
claim
Court,
services
The Comptroller's statement
Los
Angeles, asking for
the confirmation of a plan of com¬
position on the district's indebt¬
edness. A hearing on the petition
will be held Sept. 22.
Creditors
affected by the plan have been
City News
for
1.
on
New
Unlisted
State
other
been
due
occasions
bonds
have
which
payment has not been de¬
on the due date, Marlowe
on
manded
244
Proposals and Negotiations; 201
Municipal Awards In June and
Auction
news
of
:such
an
the part of the bond¬
Months....
206
208
Dividends
The
unusual.
Six
First
Gen. Corporation and Invest. News. 246
Redemption
Calls
and
Sinking
Fund Notices
..
203
this year was
on
..............
and City Department:
said that the number, and amount
Whenever
Securities
Bond
there
oversight
Exchange........ 233
Exchanges..........239
Curb
York
Other Stock
Sales
Course
of Bank Clearings...;..
245
2-14
Foreign Exchange Rates
245
Capital Flotations In
the United
States
(June and Half-Year).,.. 210
THE COMMERCIAL & FINANCIAL CHRONICLE
202
$1,000 in 1953. Bidder to name a
single rate of interest, expressed
in a multiple of V4 of 1%.
Int. J-J.
No
conditional bid will be re¬
Clerk
Court
Building,
Key
the Hon. Edwin R. Williams,
of the United States District
in
Federal
the
West, sworn proofs of claim set*
ding forth their claims and interest
as creditors of the city on forms
which will be furnished by the
collected
Housing Authority (P. O.
Atlanta), Ga.
Bond Sale—Of the $15,378,000
Matson, Ross, McCord & Ice of
Indianapolis will be furnished the
successful
in
$7,176,000
was
syndicate composed
of Phelps, Fenn & Co., Lehman
Bros., F. S. Moseley & Co., R. W.
Pressprich & Co., Union Securi"ties Corp., Lazard Freres & Co.,
all of New York, Equitable Securi¬
ties
Corp.,
Robinson-Humphrey
Co., of Atlanta, Harvey Fisk &
Sons, Reynolds & Co., both of
New York, McDonald-Coolidge &
Co., Otis & Co., both of Cleveland,
•Darby & Co., Inc., of New York,
^Johnston, Lane, Space & Co., of
Savannah, J. H. Hilsman & Co.,
of
Richard T. James announced July
State's
of the
the-bulk
that
"frozen"
be
surplus
for the duration of the war;
Of this gross
balance, $6,823,950
is
pledged to school units of the
State as tuition support for the
past year. The school distribution
will leave a net balance in the
general fund of $20,612,415.28. 7
"This large surplus in the gen¬
fund
eral
James
1.873%^
is highly
basis.'
is my
It
sound
opinion
"
•
•
,
.
...
'
.
-
•
•
.
Pulaski
and
.
Counties
School District No, 4 (P. O.
|
Tamms), III.
J7;,/'':;' /
: '■, 7''7':'7;;7';
Property tax, up $69,342.01; in¬
heritance tax, up $47,401.75; in¬
tangible' tax, up $34,798.88; in¬
surance taxes,
up $382,521.37; aL
coholic beverages, up $344,169.12,
and oil inspection fees, up $86,were:
ILLINOIS
|
Bonds Sold—An issue of $13,200
4%% refunding bonds was sold
recently to Seddon, Morfit & Har¬
vey, Inc. of St. Louis. Dated June
1, 1942.
Legality approved by
for
Charles
St.
was
7,7
decrease.
&
of
Trauernicht
Louis.
:
Sold—The
major
This
amounted to
the
$8,479,151.05.
last
been sold
Chicago.
to
November
&
Ballman
have
various
other
various
|
..
Newtown
were
of
Main
where
Total increase
$10,000
store license
the
in
revenue
addition
small
f
from
amounted
taxes
In
drop
7 "77:7
$31,921.13.
these
voters
was
collections
road
improvement bonds authorized by
•v
to
there
increases
on
127, III.
June
26
Wayne Township School Township
(P. O. Bridgeport), Ind.
/-■■V:
Bond Offering—Herbert H. Mc-
passed
a
resolution
authorizing an issue of
bonds to pay teachers'
$38,800
and
salaries
school
services.
a
claims
Voters
which to
days in
for
other
referendum
file
on
for
have
a
30
petition
the issue.
|
Cleland,
for the purchase of
exceed
Ind.
Offering —H. C. Lawton,
of
the
Board
of
Secretary
Trustees, will receive sealed bids
7
p.m.
purchase of
on
Aug.
$5,500
10 for the
not to exceed
5% interest improvement bonds of
1942. Dated Aug. 10, 1942. Denom.
500
500
from
from
4V2%
bonds. Dated
1950
to
tol
1952
952
incl.
incl.
and
and
sealed
tenders
the
■7
:7
/for
amended.
as
main
water
kv7'- construction.
and
.
sewer
77-7; 7.7:-V;
Due
The county has available for the ;
Aug. l; as follows: $5,000 in
purchase of the bonds the sum of L
1943 to 1952, $10,000 in 1953
$133,490.56.
Such tenders must 777to '1962, $15,000 in 1963 to
specify the number of the bonds
•
so
tendered
to
the
offered
or
offerers of such
or
(7
1972 and $20,000 in 1973 to
-1982.
•
.
for1 the pur7
are
chase of all
or
tendered.
Bidders
.
to
the
name
bonds
none
offerers
or
tenders7that
their
in
'/ Each bid may name one rate
y for part of the bonds of this
7
j
/issue and another rate for the
of the bonds
Bidders
state
j
if J desired,
stipulate,
that their tenders
shall
sale
for
county,- and the price at k 7. rate or rates of interest in a
they are tendered or of¬ ) : 7 multiple of 1/10 or V& of 1%.
which
balance,
/^A^name
sued
;
("
but
:
bidder
no
may
more than two rates.
under the authority
Isof
tendered, if purchased
i V
Chapter 280 of the 1941 Gen,
delivered 77; eral Assembly Acts, for the
at the Guaranty Trust Co., of New
j • • construction of an impoundYork, on Sept. 1, 1942.
Tenders 7; 7 ing reservoir and filter plant.
must be accompanied by a certi¬
7 All of the bonds will be dated
by the county,, will be
check
fied
for
1
face Aug. 1, 1942.
of the bonds tendered. 7!
Denoms.
amount
the
%; of
Additional details;
$1,000;
principal
and
semi-ann. interest
(F and A-l)
payable in Baltimore or New York
City at ^ holder's; option; genera,
Refunding Issue Pending —The
holders of; road, and bridge ? re¬ obligations; unlimited tax; coupon
bonds registerable as to. principa1
newal bonds, issue dated June 1,
alone; exempt from taxation by
1938, are being notified officially
the State of Maryland and by the
that
the
county has petitioned
counties and municipalities in said
Harry R. Lynn, State Local Fir
State; unconditionally guaranteed
nance Officer, to
approve the is¬
as
to both principal and interest
suance
of
$65,000 bonds," with
Montgomery
and
P r i n e$
which to refund a like amount of by
George's
Counties by
endorse¬
McLeanCounty (P. O. Calhoun),'
V77//77 Ky.
777-
>
':':--»<t
••
*
'7
7
outstanding bonds of the above is¬
callable September 1942.
hearing on the petition will
held
at
Mr. Lynn's 7 office
Frankfort, at 10 a.m. (CWT),
July 28.
A
sue,
be
in
on
ment
on
each bond; form of bonds
substantially the
the
last
will
be
same as
bonds of
preceding series.
auction./
no
be delivered ort
There
Bonds
will
about
Aug. 26,
1942, • at
place
of
purchaser's
choice.
A separate bid for each
LOUISIANA
issue is required, but any pro¬
Lafayette, La. 77/777' posal for both issues
may provide
Certificates Sold—It is stated by that such proposal is for all bonds
P. J. Le Blanc, Trustee of Finance, of both issues and not for one is¬
that $98,700 4% semi-ann. certifi/ sue without the other.
Applica¬
of
cates
indebtedness
beeh
have
sold to Fairbanks-Morse &
Co. of
Chicago.
Denom. $1,000, one'for
$700.
Dated July 8, 1941. 7 Prim
and
int.
payable, in" Lafayette.
,
Legal opinion approved by B. A.
Campbell' of St. Louis. 77i77>'/;
La
Fourche
Parish
Gravity
>
Sub-
Drainage Dist. No. 3 (P. O.
Sold
It
—
or
has been made
Service
for
its
"YY"
approval
bonds.
the Public
to
Commission
of
of
Maryland
the
Series
Commission's
The
approval of the Series "ZZ" bonds
is not required.
7777\7
f A certified check for 1 % of the
bonds
bid
the
of
for,
payable to order
commission, is re¬
Legal opinion of Mass-
district
lich & Mitchell of New York City
stated
is
tion
quired.
Raceland), La.
Bonds
by
will
be
furnished
the
successful
Charles W.
Lawrason, Secretary of bidders.
7.7'77,.
the Board of Commissioners, that
the
$13,000 public improvement 7,7'-: MASSACHUSETTS
bonds
offered
purchased
were
Louisiana
Proposed
Legislature
posal to
Issue
to
the
i
;
The
—
has. ratified;
submit
7
/
(State of)
Bond
a
pror
voters
proceeds of which
used
to
cover
the
would
costs
of
tions...
/7'7-
'■
Medfield, Mass.
Trust
MAINE
^
Houlton, Me.
Bidder must
No
Tax
Co.
purchased
of
an
Dedham
recently
issue of $30,000 rev¬
discount. Due
enue
notes at 0.52%
Feb.
11; 1943.
7
-.;7 :H
;V//:'i'7/7:'MICHIGAN
>
Dearborn
7
Borrowing—Woodbury
Town Manager, states
of; substantial im¬
Township
;
Bond
ries
bonds
dated
are
1942.;
7
bonds
7,
Sale—The $17,143,000 se¬
G
non-callable
offered
July
refunding
14
of
cate
74
banking
investment
institutions,
156,
v.
—
122—were awarded to
p.
Bond Sale—The
the
First
syndi¬
a
firms
and
headed
National
Bank
of
by
New
York, Halsey, Stuart & Co., Inci,
and Lazard Freres &
Co., both of
New
York.
was
The
successful
price of 100.025 for
a
bination
of
a
bid
com¬
$7,746,000 3s, due
on
July 15
from 1943 to 1956 incl.;
$4,408,000 2V4s, due in 1957 and
1958, and $4,989,000 2 V2S, maturing
from
1959
to the
sale
incl. 7 These
1962
to
terms reflected
a
net interest cost
city of about 2.599%.
This
the /completion
marked
of
city's refunding program and
the price paid by the successful
banking group was the highest:
the
record.
on
interest
with
The : record
;
of
cost
that
of
2.599%
2.72%
the sale held in
the
low
net
compares
obtained
at
March, 1942, and
previous record
2.63%
achieved
in
low
the
of
rate
huge re¬
funding; operation
negotiated
May, 1941.
the city in
by
.
•
7
7 Bonds Publicly Offered—In reoffering the $17,143,000 bonds for
public j investment, the banking
priced
group
the
1943-1956
3s
to
yield from 0.60% to 2.60%; the
1957 and 1958 2V4s were priced to
yield »2.50%, and the 1959-1962
2]/2S were .priced from 99.25 to
98.50.
In
.
addition
to
the
First
National Bank of New York,
Hal¬
Stuart & Co., Inc., and Lazard
&
Co,, the underwriting
sey,
Freres
included, among others, tlie
following houses: Stone & Web¬
group
ster. and
Blodget, Inc., Kidder,
Peabody & Co., Hallgarten & Co.,
Union
Dick
Securities
Corporation,
&
Merle-Smith, Ladenburg,
Thalmann & Co., First of Michi¬
gan Corporation, Braun, Bosworth
& Co., Hemphill, Noyes & Co.,
E. H. Rollins & Sons, Inc., East¬
man, Dillon & Co., White, Weld
& Co., Otis & Co., Inc., Bacon,
Stevenson & Co., Manufacturers
& Traders Trust Company, Spen¬
cerTrask &
Co., Dominick &
Dominick, A. G. Becker & Co.,
Inc., Geo. B. Gibbons & Co., Inc.,
Swiss
American
Corporation,
Weeks,
Field,
Richards & Co., C. F. Childs &
Company,- Inc., Watling, Lefhen
& Co., Newton, Abbe & Co., Har¬
vey
Fisk & Sons, Inc., Schwabacher & Co. and Baum, Bernheimer Company. 77/'.
/77'7;:7'7.
Hornblower
Other
-
&
Bids—Second
high bid¬
offering was
syndicate headed by the Bank¬
ers Trust Co. of New
York, whose
for
this
latest
bid
figured
count
Others in this
Chemical
were
Trust
Bros..
ac¬
Bank
Co., Smith, Barney
Lehman
&
& Co.,
Ripley
Harriman
&
Co., Inc., First Boston Corp.,
Blyth & Co., and Blair & Co., Inc.
and
final bid, reflecting a
2.638%, was submitted
net cost of
by
$420,000 coupon
net interest cost of
a
about 2.634%.
Third
(P. O.
Inkster), Mich.
neces¬
,/V
1,
Detroit, Mich.
der
/Note Sale—The Norfolk County
be
construction at State institu¬
the
a
at
the general election in November^
issuance of $5.000,00Q bonds,
sary
777
November-
last
by the Racelan#
Bank & Trust Company.
7
the
Aug. 1, 1942. Denom.
bly of Maryland,
■
the
building
of this is-
77/7:7 ( 500,000 series "ZZ" bonds,
7.
.
no
one
Issued under the author-
sue.
7
;
for the bonds
rate
than
more
March
77/777 7'7,/71 ,7;-]
.
of
•
7
Aug. 4
$15,000 not to
interest
V
-
and
road
:
Vg of 1% and
31/2s.
All
to
71982; Bidders to name the rate
>
.
bridge bonds; dated April 1, 1922^
will be received until Aug.. 15,;at
the
7,
to
///ity of Chapter 122 of the 1918
that
: :
• Acts
of the General Assem-
states
5%
and
bid may name
7;:"777.
of
in 1963
$25,000 in 1973
77, of 1/10 or
7777/;.
Invited—County
Furste
Sam
receive
on
account composed of Chase
an
National
Bank
*
Northern
refunding bonds offered July 13
—v.156, p. 122—-were awarded to
a
syndicate composed of H. V.
Sattley & Co., Detroit, Otis & Co.,
Cleveland. Crouse. Bennett, Smith
tional
&
tion,
both
Bank
First
National
Trust
Harris
Chicago,
of
New
York,
Chicago,
Bank of Chicago,
&
Savings Bank,
Trust
Co.,
Bank
of America Na¬
Savings'Associa¬
San
Francisco,
National
of
Detroit, Detroit Bank,
Trust
&
Co., McDonald, Moore & Hayes,
of Detroit, Fox, Reusch &
&.Ice of Indianapolis will be fur¬
Co,. Walter, Woody & Heimerprovement in its financial condi¬ dinser, P. E. Kline, Inc. and Pohl
nished the successful bidder at the
school township's expense.
tion, it will not be necessary for & Co.; all of Cincinnati. Only one
the town to negotiate a loan in bid was submitted for the bonds,
KENTUCKY
Detroit.
anticipation of 1942 taxes. All bids
Charles
G.
Oakman,
troller,
will
receive
rate
of interest.
opinion of Matson, Ross,
Legal
McCord
Brackett,
that
Carroll
'
County (P. O. Carrollton),
,
1950
will
a.m.
$1,000. Due as follows: $1,000 July
1, 1943; $2,000 Jan. 1 and $1,000
July 1 from 1944 to 1947 incl. and
state
Bicknell School City,
Bond
until
Trustee,
sealed bids until 10
$2,000 Jan. 1, 1948.
INDIANA
Tenders
licensing fee collections.
Plans Bond Issue—The Board of
Education
77
County (P. O. Covington),
Clerk
from
Community High School
District No.
Kenton
collected
taxes
general fund purposes there
only one which showed a
tax
":77.
III.
Bonds
47" 7/7: *7::/^/7;7
the
Of
' *
;
120.08.
Elkhorn Township (P. O. Sterling),
7
1972
$20,000
date 77 -"of interest to be in a-multiple
ceases on
':7;
may
$260,000
Alexander
called,
bonds
•
.7
Interest
./
Covington, for
Bank & Trust Co.,
payment.
to -1962,
First; National
the
to
that
4
'
bond
the
Bidders
the State is operating on a
financial
7
"7
For $10,000 ma-
1945, as 21/2S, $15,000 maturing
$5,000 Oct. 1, 1946 to 1948, as
3s, and $10,000 maturing $5,000 Oct. 1, 1949 and
1950, as
7
777/ .,7-7/7'J •■'7;
.
7.'.
,
turing $5,000 Oct. 1, 1944 and
7
$1,200,000 bonds, as fol¬
lows: 7"/
1, 1942, and send it together with
fered.
shows
of
Due
Aug. 1, 1952. Holders $700,000 series "YY" bonds.
of the bonds are requested to de¬
7
Aug.; 1, as follows: $10,000 in
tach the interest coupon due Aug.
7
1943 to 1952, $15,000 in 1953
encouraging,"
"It
declared.
as 4l/2S.
35,000 series B.
Due
1912.
noon.
maturing Nov. 1, $128,- that a large proportion of the gen¬
000 in 1942, $132,000 in 1943, as eral fund balance should be frozen
3I/2S, $136,000 maturing Nov. 1, for the duration of the war."
;
If
at
least
1944, as 23/4s, $140,000 maturing
$15,000,000 of the
Nov. 1, 1945, as 2V4s, $288,000 ma¬ balance is frozen, and James said
turing Nov. 1, $143,000 in 1946, he believed this could be done,
"$145,000 in 1947, as 1.90s, $2,528,- the State could operate on curtCOO maturing Nov. 1, $148,000 in rent revenues and protect itself
1948, $151,000 in 1949, $154,000 in against a possible postwar econof
1950, $156,000 in 1951, $159,000 in mic decline; The freezing would
1952, $162,000 in 1953, $165,000 in have to be done by the next leg-:1
1954, $168,000 in 1955, $171,000 in islature which will convene in
1956, $174,000 in 1957, $177,000 in January,
"...
i
1958, $181,000 in 1959, $184,000 in
Private 'tax study groups have
•1960, $187,000 in 1961, $191,000 in been considering this fund freez¬
1962, as 1.80s, $796,000 maturing ing proposal for some time. ////'J'
Nov. 1, $194,000 in 1963, $197,000
The next best gross balance for
in 1964, $201,000 in 1965, $204,000 the State was recorded for the fis¬
in 1966, as 1.70s, $854,000 maturing cal
year
ending June 30, 1938,
Nov. 1, $208,000 in 1967, $212,000 when:' the
figure was
$24,557,in 1968, $215,000 in 1969, $219,OOQ 947.87.
The gross balance this
in 1970, as 1.80s, $919,000 maturing
time is an increase of
$10,660,I Nov. 1, $223,000 in 1971, $228,000 506.36 over the
gross balance of
; in 1972, $232,000 in 1973; $236,000 the fiscal year ending June 30,
in 1974, as 1.90s, and $1,255,000 1941.
5
maturing Nov. 1, $241,000 in 1975,
Increased tax revenues account
$246,000 in 1976, $251,000 in 1977, for part of the increase in the
$256,000 in 1978, and $261,000 in balance this time. Despite the fact
1979, as 2s.
"
' 7-7"-'77/777 7* that the gross income tax rate for
The remaining $8,202,000 bonds, retailers was
reduced from 1% to
maturing on Nov, 1 in 1980 to V2 of 1% Jan. 1, gross income tax
2000, will be taken by the Federal revenue increased over the prerPublic Housing Authority as Se¬
vious fiscal year by
$7,546,718.97.;
ries B bonds, at 2 V2 % interest.;
Other
tax
revenue
increases
;
'
1, at par and ac¬
interest.
Dated
Aug. :T.
crued
June
history
its
tremendous
follows:
as
in
chase
Aug.
on
777/...777 Ky.
ed
York, Stein Bros. & Boyce,
of Baltimore, Fox, Reusch & Co.;
of Cincinnati, and Milhous, Gaines
& Mayes, of Atlanta, paying par;
bonds divided
ment
and $260,000 maturing
$20,000 Oct. 1, 1956 to 1968,
7,
of the
issue of
3V2s,
;
commission, 4017 Hamilton
$280,000 4% water works refund¬ St., Hyattsville, Md., until 3 p.m.
(EWT) on July 29 for the pur¬
ing bonds is being called for pay¬
Call—-The entire
Bond
Bond
30
with a general fund gross balance
of $27,436,365.28, and recommend¬
of New
the
■
10 that Indiana ended the best fis¬
year
as
3s, $95,000 maturing Oct.
71, $10,000 in 1949 and 1950,
$15,000 • in 1951 to 1955, as
.
cal
Evans & Co.-both of
net interest cost of about
(State of)
$27,500,-
refunding bonds offered ;•-•
MARYLAND
January,
have
been
pur¬
Washington
Suburban
Sanitary
chased by the Bankers Bond Co.;
I
District, Md.
of Louisville, at a price of 104.00.
Bond Offering—Perry Boswell,
Interest payable A-O.
,., A.;( ,v"
;
Chairman, announces that sealed
bids will be received at the office
Covington, Kj}.
7 7 ' ' J
bridge
last
Gross Balance—State Auditor
000
Atlanta, Campbell, Phelps & Co.;
a
expense
city, Delivery with¬
days after the date of sale.
10
Indiana
-
on
the
at
Ends Fiscal Year With
,
<
bidder
of the school
a
;Clement A.
property
Legal opinion
of
July 15—v. 156, p. 121
block
—a
taxable
all
on
the school city.
in
'refunding, Series A (First Issue),
semi-ann.
(M-N) bonds offered
1 awarded to
of the school
direct obligations
are
city, payable out of unlimited ad
valorem taxes to be levied and
Atlanta
on
The
1933.
Statutes
diana
GEORGIA
■i for sale
In¬
bonds
sions of Section 28-1332 Burns
city upon request.
••
the provi¬
-Issued under
ceived.
Monday, July 20, 1942
Bonds
that
the
/
Sold—It
$10,000
"
is
4%
now
stated
road
in
received
notes
view
for
offered
an
issue
March
of
30
and-1 jected.—v.7155, p. 1363,
$100,000
were
ret
which
were
sold
as
follows:
$385,000 series A. For $15,000 ma¬
turing $5,000 Oct. 1,. 1943 to
' 1945, as 2V2s, $15,000 maturing
Oct.
•
1,
1946
to
Commonwealth
Bank,
Detroit, Mich.
Revenue
until
.
$5,000
the
and
1948, for
Notes
10;a.m.
(EWT)
Offering—.
City Con¬
sealed
on
bids
July 23
the purchase of $500,000 street
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4091
156
minnesota
17,000 series 2 bonds. Due May 1,
as follows: $2,000 in 1943 and,
Dakota Co. Indep. Sch. Dist. No.
$3,000 from .1944 to 1948 incl. j
100 (P. O. Lakeville), Minn.
All of the bonds will be dated
Bond Sale—The $18,000 semi1943 to 1946 incl.
Bids are to be July
15, 1942. Denom. $1,000. They ann. funding bonds offered for;
•for the purchase on an all-or-none will bear interest at a rate or rates
sale on July 13—v. 156; p. 122—
basis
at
the
greatest
premium expressed in multiples of lk of were awarded at auction
to the1
above par; and all bids shall stipu¬
1%, not exceeding 3% to May 1, Northwestern National Bank &
railway revenue notes. Dated July
,15, 1942.
Denom. not less than
$1,000.
Due as follows: $62,000
Jan. 15 and $63,000 July 15 from.
late
lowest
rate
which
the
interest
in
be
not
form
of
The,
cost
in
registered
re-registered
be
may
the
to
purchaser.
Proposals will be accepted
basis
of
shall:
note
any
be issued
and
without
on
excess
notes will
rates
or
prospective
require . thereon.
will
purchaser
The
of
the
interest
the-lowest
net
the
on
interest,
to the Department of Street
Railways of the city.
The reve-1
nues of the department
and the
cost
1944, and 3V2% thereafter. Inter-j Trust Co. "of Minneapolis, as 2s,
M-N.
Both principal and in-i
paying a premium of $176, equal
terest
will
be
payable at The! to 100.977, a basis of about 1.90%.':
Manufacturers National Bank oft Due
$1J}00 in 1945 to 1962 incl.
;
Detroit, or at the Ecorse Savings
Dawson, Minn.
j
Bank, in the city of Ecorse, at the!
Bond Sale—The $45,000 coupon
option
of
the
several
holders
semi-ann. refunding bonds offered
thereof, or at any bank or trust
for sale on July 13—v. 156, p. 122
company
named by said school
—were awarded.to Kalman & Co.,
district
as
a
successor
paying:
of St. Paul, as
1.65s, paying a
agent, provided that .one of such
premium
of .$141.00,
equal
to
paying, agents shall at all times
be a
responsible bank or trust 100,31, a basis of about 1.60%.;
Dated July 1, 1942. Due en July 1
company in the city of Detroit,
"j
est
.
faith and credit of the city are
pledged for the redemption of the
These bonds will be the general'
principal
and
interest \ of
the:
obligations of said school district
notes.
Delivery in Detroit, New
which is authorized and required
York, or Chicago upon payment,
of amount named in the proposal by law to levy upon all the tax¬
able
property therein Such
ad
and accrued interest on principal
valorem taxes as may be neces¬
to date of delivery.
Payment to
be made in Federal Reserve funds; sary to pay the bonds and the in-:
in Detroit.
The notes will be ap¬
-
.
in ,1943 ta 19,54 -incl.-
Herman
Cons.
Sch.
Dist.
No.
6
(P. O. Herman), Minn.
Correction—In
connection
with
*
•
The
203
defense
co-operation
by
passed
1941
the
municipalities
empowers
act,
Union JSeach, N. J.
Appropriates Funds For
Legislature,
in
de¬
ment
not
less
Pay¬
emergency
resolution
for an appropriation of
Of
Scrip
The
borough's
providing
than 10,000 persons to issue rev¬
$16,520.50
enue bonds for improvement and for
the purpose of paying .50%
expansion of certain municipal of the face amount of outstanding
services.
The law had not previ¬ certificates of indebtedness
and
ously been tested in the Supreme scrip was approved at a meeting
fense
containing
areas
Court.
of
the
Local
—
Government
Board
The court's unanimous
opinion, on July 6. The resolution passed
written; by Judge Albert M. Clark,: by the Borough Council states that
pointed out that Lebanon is in
"defense area"
defined
as
an
a
by the
.emergency has arisen with re¬
to the $33,005 of such in¬
act,
with debtedness outstanding by reason
near-by of the expected demands of credi¬
Fort Leonard Wood.
The
1940 tors for payment of the obliga¬
Federal census gave Lebanon a: tions in full, with 2%
interest, un¬
population
of
5,025, while the less the borough makes imme¬
May, 1942, sugar rationing statis¬ diate settlement on the basis of a
tics showed it had about 8,000 in¬ 50% cash
payment agreed to by
defense
spect
co-operation
thousands
of
soldiers
at
habitants.
creditors.
The
Supreme Court's decision
today affirms that of the Laclede
County .Circuit
Court,
which
granted the city's request for a
new mexico
Moriarity Sch. Dist. No. S (P.
O.
Estancia), N. Mex.
decree
authorizing issuance of the
Bonds Sold—"The County Super¬
$10,000 funding
Opposing the intendent of Schools reports that
bonds to Kalman & Co. of St. .$200,000 in bonds.
city in the lawsuit was A. S/
Paul, at a price of. 100.38—v. 156,
$8,500
construction
bonds
have
Schneider.
The bond issue was!
been purchased
terest thereon as the same shall p. 122—it is now reported that the
the
State
by
approved by Lebanon voters last Treasurer.
become due, without limitation as bonds were sold as 2V4S, a basis
of about 2.18%, not as 2V2S, as March, 875 to 22.
to rate or amount.
'/:. 1
!/,/' " i
new york
Due from July
Bids shall be conditioned upon previously stated.
; montana
.
- V
;
the unqualified legal/.opinion of' .1, 1944 to 1950 incl.
Albany Port District (P. O.
/
,/
%
Missoula, Mont.
: " V
Albany), N. Y.
Berry and Stevens, Detroit,- ap-;
Willmar, Minn.
the
of; the
sale
r
.
proved
to
as
legality by Thom¬
Hoffman, of New
expense to the suc¬
Wood &
York, without
son,
cessful bidder.
Enclose
a
-check
of
par
for
2%
the
certified
■
..
value
Certificate Sale
The $46,000
the city.; proving the legality of the bonds.
Is Offerings Wanted — City Con¬ The cost of said legal opinion and semi-ann. paving certificates of
troller Charles G. Oakmon will: Of the printing of the bonds will indebtedness offered for sale on
of
the notes, payable to
receive
sealed
offerings
non-callable bonds
at 10 a.m.
—
of
until
city
July 22,
(EWT) (bids to be firm
until 1 p.m. of the
in the amount of
following day),
approximately
$235,000
for - the
City
Sinking
Fund, Water Board Division, un¬
der
the
yield.
show
the
>.
purpose,
interest, date of
dollar
value
basis
of
the
highest
net
yield to the city as computed from
the dollar price as of July 22,
No bonds
will
reserves
maturing beyond
be accepted.
The city
the right on bonds pur¬
chased, which are delivered sub¬
sequent to July 30, 1942, to pay
accrued
interest
to
up
that date
only.
Bond Call—The Controller also
the call for redemption
.
announces
of
$17,143,500 series A refunding
bonds, as follows:
On
Sept. 15, 1942 — Public
Sewer, 4%, to the amount of $4,J15,00.0.
On Nov. 1, 1942—Public School,
4%, to the amount of $1,198,500.
On
Nov.
15, 1942 — Public
Sewer, 4%, to the amount of $3,-
997,000. -:-.v
On
•
to sell a total of
15,
•
Sewer, 41/2%,
$7,512,000.
Public
amount of
1942
—
the
to
'
2, 1943—Public School,
3%%, to the amount of $294,000.
The
called
sented
for
bonds
be
the
may
payment
on
demption dates at the city's
rent
official
in
banks
Township
Bond
ritt,
cur¬
the
at
School
No. 9 (P. O. Allen
re¬
New York,
Chicago and Detroit, or
City Treasurer's office. Ecorse
pre¬
District
Park), Mich.
Offering—Lewis E. Mer-
Secretary
of
the
Board
of
Education, will receive sealed bids
until 8 p.m. (EWT) on July 20 for
the
purchase of $209,000
refunding
bonds
of
coupon
1942,
as
fol¬
lows:
Crosse
1, as follows: $7,000 from 1943
to 1948 incl. and
1949 to
1963 inch
$10,000 from
Bonds
bonds
maturing
callable
at
interest
on
legality oi the bonds. Village will
pay for the opinion and the pur¬
chaser is to pay the cost of print¬
for 2%
A certified check
of the bonds bid for, pay¬
able to order of the
Village Treas¬
is required.
Bond
Sale
Details
—
that the
states
now
bonds
The
incl.
Interest
payable
Starkville, Miss.
"
Bonds
Sold
The City Clerk
$10,000' 2%% armory
bonds have been purchased at par
by Herman .Bensdorf & Co. of
states
—
Dated
$500
on
1962 incl.
May 15, 1942.
May 15 in 1943 to
Bond
Offering
C.
Holmes, City Clerk, will receive
sealed bids until 7.30 p.m.
on
July
$11,500
20
not
(EWT)
for the purchase of
to exceed 2V2% in¬
terest coupon special assessment
paving bonds. Dated Aug. 1, 1942.
Denoms. $1,000 and $250.
Due
Aug. 1, as follows: $1,250 in 1943;
$1,000, 1944; $1,250, 1945; $1,000,
1946,; $1,250 in 1947 and 1948; $1,000, 1949; $1,250, 1950; $1,000 in
1951 and $1,250 in 1952.
Rate or
of
rates
interest
to
be
expressed
in multiples of % of 1%. Prin. and
int.
(F-A) payable at the City
Treasurer's office.
Bonds
are
is¬
sued in anticipation of the collec¬
tion
of special
assessments
and
are
not
general obligation of the
A certified check for 2% of
a
opinion
attorney,
bonds
opinion
shall
and
be
of
of
the
approving
legality of the bonds.
(Reg. U.
Details—It
that
the
156,
p.
price, of
100.30,
Issue
said
$7,500
now
and mature on
$1,000 in 1945
Mount
follows:
tax
■
Supreme
Court
Bond Issue
—
Upholds
Rev¬
The St. Louis
"Globe-Democrat" of June 28
re¬
dated
the
port
are
irrev¬
shall be necessary
of
able real
such
as
amount, to be levied
to
upon
bonds,
rate
property in the district,
on
between
the
Albany or
the
territory
and
selaer
son
or
the territory
westerly side
on
the Rens¬
easterly side of the Hud¬
River.
Such
bonds
will
be
legal in¬
savings
State, and
investments for sinking
vestments for trustees and
banks
in
lawful
funds
as
or
New
other
York
funds
or
money
1,. 1942.
Denom. $1,- of the State or of any of the agen¬
000.
Due Aug. 1, as follows: $6,- cies.
municipalities or political
000 in 1943, $7,000 in 1944 to 1946,
subdivisions thereof.
$8,000 in 1947 to 1949, $9,000 in
1950 to 1952, $10,000 in 1953 to Buffalo
Municipal
Housing Au->
thority, N, Y.
1955, $11,000 in 1956 and 1957,
Aug.
Cost of
printing the
paid by the
pur¬
$12,000 in 1948 and 1959, $13,000
Paying Agent — The Marine
1960 and 1961, $14,000 in 1962
Midland Trust Co. of New York
1963, $15,000 in 1964 and 1965.
has
been
appointed New York
west of Fort Leonard Wood on $16,000 in
1966, $17,000 in 1967
U. S. Highway No. 66, has the au¬ and 1968, $18,000 in 1969, $19,000 paying agent for principal and in¬
thority to issue $2(10,000 worth of in 1970, $20,000 in 1971, $21,000 terest on $8,368,000 housing au¬
operation
act, in ruling that the
Lebanon, Mo., 40 miles
in
City
and
revenue
bonds to pay for .enlarg¬
in 1972 .and 1973, $22,000
in 1974,
ing
overtaxed
$23,000
in
of
its
system.
S.
Patent
water
works
and
in
1975,
$24,000
$21r000 in 1977.
1976
thority refunding bonds, first
sue,
is¬
series A and B, dated May 1,
1940.
Office) William B. Bana- Company, Publishers, 25 Spruce Street, New York, BEekman 3-3341. Herbert D. Seibert, Editor and Publisher:
William Dana Seibert. President: William D.
Riggs, Business Manager. Published twice a week {every Thursday (general news and advertising issue) with a statisiipaFissue on Monday], otner
offices: Chicago—In charge of Fred H.
Gray, Western Representative,-Field Building {Telephone -State 0613). London—Edwards & Smith, 1 Drapers' Gardens, London, F.C. Copyright 1942 by William
B. Dana Company. Reentered as second-class matter
February 25, 1942, at the post office at New York. N. Y.,- under the Act of March 3, 1879. Subscriptions in United States and Possessions.
$26.00 per year; in Dominion of Canada, $27.50
per year.
South and Central America,- Spain, Mexico and Cuba, $29.50 per year; Great Britain, Continental Eurone (except. Sua in). Asia. AustraaSi
and Africa, $31.00 per year.
NOTE: On account of the fluctuations in the rates of exchange, remittances for
foreign subscriptions and advertisements must be made m New York luntis.
or
all tax¬
in amounts determined by appor¬
tionments
'
enue
as
limitation
;
■
.
valid and
of
district
payment
the
without
Details—The
are
ocably pledged, including such ad
for
Ephraim, N.J.
Proposed Refunding Issue—A
and 1946, $2,000 in 1947 to 1951,
resolution of the Borough Council
$3,000 in 1952 to 1957, and $4,000
in 1958 to 1962, giving a basis of providing for an issue of $477,000
4% refunding bonds is being con¬
about 2.47%. :
by
the
State
Funding
,...•./." 1
•'
■■
•" /
I sidered
Lebanon, Mo.
Commission. The bonds would be
as
of
nues
\
valorem
2-year bond anticipation notes re¬
reported that the $50,000 2¥2% cently purchased by the Allen¬
sewer bonds sold to the
Municipal hurst National Bank & Trust Co.,
Bond Corp. of Chicago, as noted
Allenhurst—v, 156, p. 123—were
here in April, were purchased at a sold as
3V2S, at par.
Feb. 15
of
Sullivan,
Heenehan, New York
district for the payment of which
the full faith,
credit and reve¬
2s,
Allenhurst, N. J.
"Note
is
opinion
City, that the bonds
binding obligations
City
123—as
the
Donovan &
The
of Missouri's national defense co¬
shall be conditioned upon
unqualified
after
Sale
states
—
■•■/";!H■<.J-;:\//'%/!':
Dist.
(P. O. Clayton), Mo.
Bond
Pending
new jersey
Sewer
East
for, payable to order
purchaser's
the
Hanley-Page
City Treasurer, is required.
Bids
the
Clerk
missouri
ported in part as follows:
The State Supreme Court up¬
held today
the constitutionality
the bonds bid
of the
City
Purchase
Treasurer will purchase the $37,319.80 refunding bonds discussed
at par.
Harvey
—
Bond
recently—v.
Interest payable M-N.
with
Tecumseh, Neb. %■/'
that
Memphis.
Due
authorizing the issuance ,of turn of the amount deposited with
$30,000 aviation field bonds was the bid.
passed by the City Council.
The purchaser will be furnished
tion
J-J.
Ypsilanti, Mich.
and
Chronicle
.Clerk
-Mfss/:/;/-,/:/%
//''■/>
ion of Miller, Canfield, Paddock &
Stone of Detroit, approving the
par
Financial
'Mississippi;jpj
■n
chaser.
and
;
|
Thomas Fitz¬
—
-
the
1944.
Commercial
j
"
Offering
.
ip 1963 are
and accrued
May 1,
Mich.
Pointe),
"
Bond
now
Trust Co., Albany. 'The bonds will
aggregating $34,330, sold to the he
delivered on or about Aug. 1,
City j
State Board of Land Commission¬
Clerk now states that the $15,000
1942, or as soon thereafter as they
sealed bids until 8 p.m. (EWT) on
ers as 2%s,
noted here in May,
can be prepared for delivery.
July 21 for the purchase of $90,- hospital bonds sold to Herman were purchased at par and mature
000 not to exceed 4x/2% interest Bensdorf & Co. of Memphis—v.
The
enactment,
at any
time
•as follows:
p.
122—were purchased as
prior to the delivery of the bonds,
coupon water system bonds. Dated 156,
1.45s, at par, and mature $5,000 $24,330 refunding bonds. Due in of Federal legislation, which, in
July 15, 1942. Denom. $1,000.-Due
20 years, optional in 10 years.
on April 1 in 1943 to 1945.
Inter¬
July 15, as follows: $3,000 from
terms, by the repeal or omission
5,000 fire hall bonds. Due in 10 of
•1945 to 1966 incl. and $4,000 from est payable A-O,
exemptions or otherwise, sub¬
years, optional in 5 years.
1967 to 1972 incl.
Rate or rates Holmes
jects to a Federal income tax the
County (P. O. Lexington)
5,000 airport bonds. Due in 10 interest on
of interest to be expressed in mul¬
bonds of a class or
■!'
Miss.
;
years, optional in 5 years.
character
which
includes
these
tiples of ?4 of 1%. Prin. and int.
Bend
Sale Details—It is now
(J-J) payable at the .Detroit Trust reported that' the $30,000 2%%
bonds, will, at the ^election of the
nebraska
purchaser, relieve the purchaser
Co., Detroit.
The bonds are full funding bonds sold lo the Bank
from his obligations under the
faith and credit obligations of the of
;/
Norfolk, Neb.
West, as noted here in March,
Bonds Authorized —City Clerk terms of the .contract of sale and
village and bids shall be condi¬ were purchased at par and mature
A. O. Hazen reports that a resolu¬ entitle the purchaser to the re¬
tioned upon the unqualified opin¬
$3,000 from Jan. 5, 1943 to 1952
ard,
ma¬
turing in 1962 are callable at
par and accrued interest on
and after May
1, 1946, and
•
Offering—Philip F. AllVillage Clerk, will receive
city.
$192,000 series I bonds. Due May
491.)
p.
City Clerk
gerald,
Secretary
Port
District
ment bonds sold jointly to the Commission, will receive sealed
Charles N. Tripp Co., and Fordyce bids until 2 p.m. (EWT) on July
July 13 — v. 156, p. 122 — were
& Co., both of Portland, as
awarded
to
the
First
National
IV^s, 21 for the purchase of $182,000
at 100.36, as noted here in April, pot to exceed 4% interest coupon
Bahk & Trust Co. of Minneapolis,:
are due $3,500 from July
registered
1, 1943 pr
refunding
bonds.
as 1V2S, paying a price of
101,04,
to 1952; redeemable in full, at the Dated Aug. 1, 1942. Denom. $1,000.
a
basis of about 1.28%'.
Dated
option of the city, on any interest Due Aug. 1, as follows: $22,000 in
July ' l, 1942.
Due oil Jan. and1
1943
and $20,000
from 1944 to
July T, fr6m July '1, 1943 to Jan/ payment date from and after 5
years from-the date of issue.
In¬ 1951 incl. Bidder to name a single
1, 1951.
; terest
rate of
payable J-J.
interest, expressed in a
multiple of % or 1 / 10th of 1%.
Shelby, Mont.
Prin. and int.
(F-A) payable at
Bond
Sale
Details—The City
Clay County (P. O. West Point),
the National Commercial Bank &
Bond
urer,
On Jan.
155,"
Grosse Pointe Woods (P. O.
On Jan. 1, 1943—Public
School,
4%%, to the amount of $2,000.
Library, 3V2%, to the amount of
$25,000..
/:/;'',//,'
$218,000. refund¬
Jan. 26, but canceled
on
ing the bonds.
Dec.
Y;
*-/:
(The district originally intended
the
Offerings will be accepted
the
1942.
quired.
ma-,
and
district.
$4,180^ pay-:
district, is re¬
able to order of the
the offering.—V.
of
school
the
shall
turity, the
•1959
by
ing bonds
rate
on
paid
A certified check for
following conditions: Of¬
ferings
the
be
Bonds will be delivered at Detroit j
-Maturity—The
states that the $35,000 fire equip¬
CHRONICLE
THE COMMERCIAL & FINANCIAL
204
Water
Greenville
'
N.Y.
Town
—
123—was awarded to E. maining $45,000 as 2%s, due
Sons, Inc., New York, June 1 in 1961 and 1962.
p.
at
as-1.70s,
Norton Cam¬
will receive
100.23, a
Dated July
price of
a
1.67%.
basis of about
Reidsville, N. C.
15
will
bonds
improvement
airport
$100,000
submitted
be
the
to
subject to the levy
Of unlimited ad valorem taxes to
on.
of
for
bid.
the
must
$400
Authority,
New York City Housing
N. Y.
Edthat
sealed bids will be received at the
authority's office, 122 East 42nd
St., New York City, until 11 a.m.
(EWT) on July 22 for the pur¬
Offering—Chairman
Bond
mond
Butler
B.
announces
$1,806,000
chase of not more than
bonds, constituting part
of an initial issue of $2,050,000
bonds;
The bonds will be issued
A
series
.
of the
authority's low-rent housing pro¬
ject known as Clason Point Gar¬
dens, designated Project No. NY5-7.
Bonds will be dated Aug. 1,
to
in
aid
financing
1942.
Each
scribe
serial
cost
proposal
must
pre¬
$2,-
for
maturities
of
$30,000 refunding bonds.In¬
terest rate is not to exceed 3%%,
E. Easterling,
W.
„
Dated
be Series
will
bonds
B
bonds, will be issued to the FPHA
will bear interest
and
of 2V2%
at the rate
Each pro¬
posal must prescribe the rate or
of
rates
per
annum.
interest
be
to
borne
by
:
the Series A bonds.
Any number of different rates
of interest may be prescribed but
all bonds maturing on the same
shall
date
bear
the
rate
same
of
interest.
The opinion of Haw¬
Delafield & Longfellow of
New
York
City approving the
validity of the Series A bonds will
kins,
amount of bonds of each rate. The
trust
succesful
der
than par
the lowest interest cost to the
be
offering to purchase them at
city,
such cost to be determined by de¬
must be
by
a
Federal income
tax
law, the suc¬
cessful bidder may, at his election,
be relieved of his obligations un¬
der the contract to purchase the
bonds and in such case the deposit
Masslich
Fund
—
for
Joseph
D.
Sinking
McGoldrick,
City Comptroller, received tenders
July 14 of city bonds for invest¬
ment of city pension funds.
Of
the tenders submitted, the Comp¬
troller
accepted
$5,666,000
in
bonds.
Yield
from 3% for
of
on
a
purchases ranged
small block of 4V2S
1965, to 3.06%
4V2S of 1979.
,
for a block of
V,
j
.V;';/
Slingerlands Fire District, N. Y.
Bond
&
Sale—The
Traders
was
Trust
awarded
on
Manufacturers
Co.
July 7
of
an
Buffalo
issue of
$6,500 fire equipment bonds at
price of 100.074.
a
Syracuse Housing Authority, N. Y.
Bond Call—Sergei N. Grimm,
Secretary,
announces
that
all
housing authority bonds (first is¬
&
Mitchell
of
New
Enclose
certified check
a
State Treasurer.
bonds
old
being
surrendered
are
Massillon City
an
1952.
Offering
PENNSYLVANIA
,
.
S.
H.
—
Zepp,
the Board of Education,
of
will receive sealed bids until noon
1942..
One bond for $500, others
$1,000 each.
Due as follows: $3,500 on May 1 and $4,000 Nov. 1,
.
1944;
and
Nov.
1
of
$4,000
from
1945
%
multiples of
and int. (M-N)
and
1
incl.
1953
to
to1
in
May
on
interest
be
expressed
Of 1%. -Prin.
required to furnish the legal opin¬
ion and the necessary
ready
for
A
check
certified
for
of the bonds bid for, payable
1%
order
to
bond blanks
at his own
execution
expense.
of
the
of
Board
tion, is required,
Educa¬
■ 7
v/.-
Delivery
Of
Deferred—
Notes
F.
E.
Coy, District Clerk, reports
that owing to government restric¬
tions on use of materials, the dis¬
re¬
for pay¬
Colman
er,
&
of
Barber,
payable
$1,000,
Auditor.,''777-•
of
about
Feb. 1,
2.999%.
a
to
Grand Forks, N.
Bonds
Defeated
recently
rejected
City
the
school bonds at a price
of 100.015, a net interest cost
of about 2.82%, for $5,000 as
3s, and the remaining $14.000
as
2%s.
Due
on
Feb.
1,
1963.
sealed bids until 5 p.m. (EWT) on
July 20 for the purchase of $10,*
000
coupon
refunding
bonds.
Dated July 1, 1942. Denom. $1,000.
,
Due $1,000 on July 1 from 1943 to
1952
The
—
voters
proposal
a
pool
I
OHIO
I
of the
Commonwealth.
ders will
name
cinnati.
Walter,
Cin¬
of
Bond
Sale
—
awarded
—were
basis
a
of
the Provideht
to
2.976%.
about
Dated
June
tiple of
$7,950 2%
bonds
the
Tax
to
refund
National
Citizens
The
Appeals
turing bonds.
V\
and will be uniform for all of the
The bonds will be sold and
bonds.
anticipation notes sold
the
of
Columbus—v.
duct and
$1,000,000 hospital.
Cuyahoga
O.
(P.
County
\/7
-7
$1,000.
1943
Due $1,000
1947
to
-
Affairs
Pearce,
1942. Denom.
Dec. 1 from
Interest
25th day of
Enclose
the Treasurer Board
Supervisors. 7,7';'''"'A
payable
to
of Road
Duncansville, Pa.
six months.
Bond Issuance Delayed
expressed
of
Zanesville, Ohio
Proposed Bond Issue—The City
Council
recently
936.03
a
ad¬
under
took
proposal to issue $20,-
refunding
bonds.
,
such time
until
sued
tained.
•
.
project
:>r
:•
as
the
ma¬
be ob¬
can
".'V./'/
"lt •/
■
-
Dunmore, Pa.
Bond Sale
—
r:
The $95,000 judg¬
funding bonds offered July
ment
39—were awarded to
account headed by M. M. Free¬
Co.
of Philadelphia, as
price of 100.50, a baste
of about 4.07%. Dated July 1, 1942
and due July 1, as follows: $10,000
from 1943 to 1951 incl. and $5,000
&
man
4V4S, at
a
1952.
in
"
■;;/..
7
Girardville, Pa.
7, 7..
,
Bond Sale—The
$40,000 refund¬
funding bonds offered
v. 155, p. 2413 — were
awarded to Johnson & McLean, of
and
ing
July 6
—
Pittsburgh, as 3%s.
Dated June
1, 1942 and due Dec. 1, as follows:
$4,000 from 1943 to 1947 incl.; $5,000 from 1948 to 1951 incl.
Mahonoy City School District, Pa.
Bond
OKLAHOMA
l. :
cording to report.
Okla.
Clerk
of
the
Board of Education states that $3,000
auditorium-gymnasium bonds
been purchased by Calvert
have
& Canfield of Oklahoma
July
101.27.
Philadelphia, Pa.
Wage Tax Income Soars—Pros¬
good that collections by
its wage and salary
current year will be
considerably in excess of $25,000,pects
(P. O. Dacoma),
City.
of
Co.
on
Election—The issuance of
Sold—The
Sale—Phillips, Schmertz
Pittsburgh purchased
7 an issue of $98,000
school bonds as 3s, at a price of
&
Alva, Okla.
Bond
Bonds
Funds will be used to
The
—
Borough Secretary reports that
the $25,000 reservoir construction
bonds authorized &t the primary
election on May 19, will not be is¬
J-D.
in a mul¬
1%,
A certified
check for $75, payable to order
of the city, is required.
interest,
tiple of %
Cleve¬
cently borrowed $1,630,000 on tax
anticipation
notes
from
local
banks, at 0.75% interest.
Due in
June, 1941, P.- L. 1591
certified check for $500,
a
Bidder may name a different rate
of
as
the Act of Assembly approved the
an
on
incl.
Department of
provided by
by-the
approved
8—v. 156, p.
Dacoma Sch. Dist.
land), Ohio
to the purchaser only
proceedings authorizing
the
on
Strulhers, Ohio
Ohio
Note Sale Details—The $500,000
mul¬
of 1%.
The rate of
finally determined
by the Board of Road Supervisors
$125,000 of ma¬
bonds. Dated June 1,
Cincinnati School District,
tax
of
purchase of $5,000 4% fire station
delivery of the apparatus.
to
Board
City Auditor, will receive sealed
bids until noon on July 25 for the
fire' department truck
to
State
Bond Offering—John F.
of
bid
to
a
interest will be
terials for the
Shaker Heights, Ohio
Refunding
Approved —
,,
con¬
Suspended—Sale
desire
must, however, be
Internal
,
,
Pomeroy Village Exempted School
District (P. O. Pomeroy), Ohio
Bond Sale
The $2,000 school
bonds offered July 6—-v. 156, p. 39
r
v-
they
which
which
The bid¬
the rate of interest
the issue of such bonds have been
to
Bluff ton, Ohio
1
All of said bonds will
incl.
be issued free of taxes levied pur¬
suant to present and future laws
anticipation - notes : to
Woody & Heimerdinger
cation
Note Financing—The county re¬
19,000
Secretary of the Board
Supervisors, will, receive
of Road
July 10 approved the city's appli¬
Dak. ->•
issue $12,000 swimming
struction bonds.
Due
1963.
Bond Offering—William T. Bie-
denbach,
after
$125,000
4%
semi-ann.
airport
acquisition bonds will be submit¬
ted to the voters on July 31, ac¬
on
Donegal Township (P. O. R. D. 11
Chicora), Pa.
the sale of $90,000 one-year bond
Min¬
/•"■;'-v/;'■ '-'jj7
;'
*
$6,000
delivered
neapolis. Enclose a certified check
for
Details—The
trict has been unable to complete
Bond Election—At the primary
jointly to Fox, Reusch & Co. of
Cincinnati, and William J. Meri- election on Aug. 11 the voters will
cka & Co. of Cleveland, as fol¬ consider the issuance of $5,000,000
lows:; *• ■/;/' ';v.;-V'^//'.;:/' %;;/'// bonds, as follows: $4,000,000 via¬
basis
Sale
the Union Trust Co. of Butlerr- /
upon
Northbridge Rural School District
(P. O. Dayton, R. No. 5), Ohio
—
as
Bond
July 31 for the purchase of 2%% high school addition bonds
$79,500 not to exceed 6% interest sold May 11 as 2%s, at par—V;
refunding bonds.
Dated Sept. 1, 155, p. 1886—were purchased by
visement
$30,000 road and bridge bonds
3s, at a price of 100.006,
Cherry Township School . District
(P. O. R. D. 5, Slippery Rock), Pa.
on
Huntington National Bank
156, p. 39—are
N. C.
dated June 18, 1942, and mature
Bond Sale
The coupon seminot earlier than Aug. 18. 1942, and
ann. refunding bonds aggregating
not later than Oct. 1, 1942.
$49,000, offered for sale on July 14
—v.
Cleveland, Ohio
156, p. 123—were awarded
Duplin County (P. O. Kenanville),
Interest payable M-N.
School District,
Ohio
Clerk
be
at
voters
Aug. 11.
on
Bond
will
columns
the
16, 1942 and due $500 on
- The
city will furnish the Sept. 1 from 1943 to 1946 incl.
printed bonds and approving legal The Pomeroy National Bank, only
opinion of Fletcher, Dorsey, Bark¬ other bidder, offered par for 3s.
are
the city from
tax
for
000,
it
the
is
from the
indicated
by
receipts
levy in the first half of
the year.
The monthly report
of the office
of receiver of taxes shows that re¬
issue of $18,000 bond
ceipts from the tax in the half
period amounted to $12,704,256, against $8,537,009 in the like
tension
and improvement bonds
period of 1941.
With all signs
aggregating $50,000, offered for
pointing to further expansion in
sale on July 13—v. 156, p. 124—
employment in this city during
were
awarded to C. Edgar Honthe remainder of the year and
nold of Oklahoma City:
notes,
$35,000 water works bonds.
meet
general operating expenses
pending tax collections.
series A,
15 from 1943 to
election
by
ment.
0.50%
Iredell County (P. O. Statesville),
maturing on Aug.
N. C.
1965 incl., will be
Bond Sale—The $85,000 coupon
redeemed on Aug. 15, 1942, at a
price of 103 and accrued interest, semi-ann. refunding road bonds
at the Lincoln National Bank & offered for sale on July
14—v.
Trust Co. of Syracuse, fiscal agent, 156, p. 124—were awarded jointly
to Campbell, Phelps & Co. of New
or at the option of the holder, at
the Chemical Bank & Trust Co., York,
and the First Securities
Corp. of Durham, for a price of
New York City.
100.028, a net interest cost of
Truxton (P. O. Truxton), N. Y.
about 2.64%, on the bonds divided
Bond Sale—The issue of $30,000 as follows: $40,000 as
2%s, due on
refunding bonds offered July 14— June 1 in 1958 to 1960; the re¬
sue)
funded
$4,600, payable unconditionally
to the
For
the
as
Bank of Bluffton—v. 155, p. 2053
accompanying his bid will be re¬ —has been
suspended as a result
turned.
The approving opinion
of the refusal of the WPB to grant
of
these
deliver the refunding Savings Bank & Trust Co., Cincin¬
nati, as 3s, at a price of 100.06,
the
chaser.
York, N. Y.
time
of the bonds the income received
without charge.
Purchased
in
considered
of
cost
in
bonds in installments from time to
that
by private holders from bonds of
same type and character shall
be taxable by the terms of any
and accrued interest will
The city reserves
considered.
form to be furnished
York, will be furnished the pur¬
New
company' designated by the
bidder; • No bid of less
the right to
above Secretary.
In the
prior to the delivery
the
event
on
be furnished the successful bidder
Bonds
$1,000.
1,. 1942.
Aug.
bonds will be awarded to the bid¬
050,000 of bonds on Feb. 1 of each
beginning Feb. 1, 1943 and ducting the total amount of the
ending not later than, Feb.
1, premium bid from the aggregate
2000, and shall designate not more amount of interest upon all of the
than $1,806,000 of said bonds, con¬ bonds until their respective ma¬
No bid of less than par
sisting of any number of consecu¬ turities.
tive serial maturities commencing and accrued interest wil\ be en¬
Prin. and int. payable
with the first maturity, as Series tertained.
A bonds, provided that no bonds in New York in legal tender; gen¬
eral
obligations; unlimited tax;
maturing after Feb. 1, 1979 may
be included as Series A bonds. delivery on or about Aug. 10, at
All bonds which are not sold as place of purchaser's choice.
Bids
A
Denom.
Due $3,000
from Aug. 1, 1945 to 1954.
All
bonds maturing after Aug. 1, 1947,
bonds.
Interest rate is not to ex¬ being subject to redemption and
ceed 6%, payable F-A.
Denom. prior payment at the option of
$1,000.
Dated Aug. 1, 1942. /Due, the city on said date and on any
on
Aug.- 1, as follows: $7,000 in interest payment date thereafter
1945
to 1949, $10,000 in
1950 to at 103% and accrued interest; on
at
1955, and $15,000 in 1956 to 1964. Aug. 1, 1948 and thereafter
Rate or rates of interest to be in
102% and accued interest; on Aug.
multiples of % of 1%.
Each bid 1, 1949 and thereafter at 101%
and accrued interest; on Aug. 1,
may name one rate for part of the
bonds
(having the earliest ma¬ 1950 and thereafter at 100% and
turities), and another rate for the accrued interest/ and on Aug. 1,
balance, but no bid may name 1951 and thereafter at 100 and ac¬
more
than two rates, and each crued
interest.
Prin.
and
int.
bidder must specify in his bid the payable at any ^suitable bank or
year
Series
F-A.
payable
Raleigh, until 11 a.m. (EWT), on
July 28, for the purchase of $230,000
coupon
or
registered water
77,
.
bids will
of the Local Govern¬
Commission, at his office in
Secretary
ment
accompany
•/
,•«
received by
be
York, will be furnished
the successful bidder.
A certified
check
struction
tioned
City, at a net inter¬
2.67%, as noted here
March, were purchased as fol¬
lows: $50,000 as 2%s, due $10,000
from May 1, 1947 to 1951; $5,000
as 2%s,
due on May 1, 1952, and
$5,000 as 2V4S, also due on May 1,
est
The
proposed
$350,000 high school con¬
bonds previously men¬
issue of
—
payable at office
Woolfrey will receive bids until of the Clerk of the Board of Edu¬
July 28, at 2 p.m.,- for the purchase cation.
Successful bidder will be
Charlotte, N. C.
Bond Offering—-Sealed
New
of
'
'•
approving opinion
Dillon, Vandewater & Moore,
The legal
Crosby, N: Dak.
Bond Offering—City Auditor O.
CAROLINA
NORTH
interest there¬
the bonqls and
<
Election
Rate
in the town is
of Oklahoma
Ferry School District,
Ohio
Bond
of $20,- bids included the following:
voters at
an
election scheduled
interest
Bidder—
'
Int. Rate Rate Bid for
July 21, according to E. P.
water system bonds.
Dated July Mcrgun Kennedy & Co.....,. 1.70%
100.17
•- - '
V
100.277 Nichols, City Clerk.
15 1942.
Denom. $500. Due $500 Newburger, Loeb & Oo....... 1.90%
C. F. Childs & Co. and Sher¬
on July 15 from 1943 to 1982 incl.
wood
& Co.
2.10%
100.30
NORTH DAKOTA
100.108
Rate of interest to be in a multiple R. D. White & CO. .,..',.;:. 2.10%
Roosevelt & Weigold, Inc.....
2.20%
100.43
Creel Sch. Dist. No. 22 (P. O.
Of 14 or 1/ 10th of 1%- and must George B, Gibbons & Co..... 2.20%'
100.429
Devils Lake), N. Dak.
be the same for all of the bonds.
Yonkers Municipal Housing
Bond Sale—The $10,000 refund¬
Issued to pay the cost of acquiring
•Authority, N. Y.
and
ing bonds offered for sale on
improving a water system
Fiscal
Agent
Appointed—The March 11—v. 155, p. 878—were
for the district of the. town and
Trust
Co.,
New awarded to the; Allison-Williams
are
..general obligations of the Manufacturers
town
payable primarily from a York, has been appointed fiscal Co. of Minneapolis, at 3%s, at par,
levy on the taxable property in agent for $2,396,000 series A and according to the District Clerk.
the district, but if not paid from $899,000 series B housing authority Due $1,000 on April 1, in 1945 to
1954 incl.
Interest payable A-O.
such levy, all the taxable property bonds.
July 22 for the purchase
000
not to exceed 5%
pay
Martins
on
Bond Election—The issuance of
15, 1942, and due $2,000 on July
from 1943 to 1957 incl.
Other
(EWT) on
sealed bids until 2 p.m.
156,
v.
H. Rollins &
!
Clerk,
Bond Offering
eron,
1
No.
District
(P. O. Greenville),
Monday, July 20, 1942
Ironton, Ohio
Notes
Council
Authorized
on
—
The
City
June 20 authorized
dated
June
an
anticipation
19, 1942.
Frederick, Okla.
Bond
Sale—The
following
ex¬
Due
in 1945 to 1956 incl.
Martins Ferry, Ohio
Bonds Sold—E. H.
Shrodes, City
Auditor, reports the sale of $10,150 various improvement bonds to
the
City
Board,
years.
as
Treasury
2YzS, at
par.
Investment
15,000 sewer bonds.
Due in 1945
to 1954 incl.
Henryetta, Okla.
Bond Sale Details—It is now re¬
Due in five ported that the $60,000 refunding
bonds sold to C. Edgar Honnold
year
little
the
be
or
no
concrete indication at
present time that there will
a
downward
revision
of
the
levy, it is likely that receipts from
the wage tax for
1942 will be
somewhere between 25% and 50%
higher than the figure of $20,000,budget making time
000 arrived at
in 1941.
Volume
*
half
of
showed
THE COMMERCIAL & FINANCIAL CHRONICLE
in
an
$6,608,660, totaling
against $75,909,355 a
$82,518,013,
year ago.
of
the
demption on Aug. 1, next interestbearing
date,
was
made
at
a
meeting of the Wrightsville and
city's share of the cost.
Columbia
000, including
„
.
Inter-County
Bridge
Commission in the administration
-
-
indication
An
sources
period
year
increase
all
from
Collections
the
Number 4091
156'
take
beginning
over,
today,
the
Johnson County (P. O. Cleburne),
That item
in the current fiscal year is
contributions.
.
,
.
June 28:
"r
"Independent" -of outstanding in each of the
'
.
ties.
;«
Pittston township school district
Ijas paid out enough money in in¬
terest charges in close to
three
decades to conduct its affairs for
two-year period without taxes.,
a
For
example, authorities of the
township show that nothing has
been paid on the principal of a
bond
issue
Declining bridge tolls on ac¬
and gasoline ration¬
and the cost of maintenance
ing
ing
of
guards on the bridge have
greatly decreased the net returns
for
$25,000 that was
negotiated in 1914. It carries 5%
year.
.
!.
...
The cost of
maintaining special
guards on the bridge during the
month amounted to $6,405.48 and
..
the total expenditure for all pur¬
poses was $30,895.12. Toll receipts
.This bond, by the way, for, June, were $28,545.45, repre¬
of individuals^ senting a decrease of $15,033.20
The township has been getting under the
corresponding period
interest.
is owned by a group
,,
its records in order for
ing
refinanc¬
a
that calls for
program
a
last
new
bond for a sum equal to all out¬
standing debts and lower interest.
Lpzerne County Taxpayers Asso¬
ciation is getting the records in
shape..; 1; v;";:,v' Y'V■ *'■
year.
was
presented by Superintendent
learned last week that
was
.
in the
the
case
State
Fund.
Teachers
still
balance1
a
$10,000
the
teachers'
some
this
Deductions of
of
if the State
fund.
emergency
A
;
the books.
.:
is
and
clean slate.
a
Scranton
,
School
.
.
District,
Pa.
contrasts
estimated
"A
.
Refinancing will start the local
♦.
out with
maintained
are
of
a
of
April 1, 1940.
in
1
these
1943
to
bonds
Hamilton
1965.
are
out¬
with
an
antici¬
to
total,
fore
Bank,
(irrespective of
County
(P.
O.
Bond
..
.
company
whereby $31,000 State Aid county
bonds, maturing in 1943 (100%
State
Aid)
may
be
10
years.
are
part of
total issue
a
$210,000, dated Jan. 1, 1942, of
which $123,000 maturing on Jan.
1 in 1945 to 1959, have been ex¬
changed to date. The balance of
$87,000 bonds, maturing on Jan. 1
in 1959 to 1962, will be
exchanged
up to Jan. 1, 1943.
Williamson County (P.
O.' George-
town), Texas
t
Bond
'
'
Refunding Contract—The
county is said to have entered into
contract
a
the
for
State's
the
refunding
portion
of
1943
of
ma¬
refunded
turity
date
of
Should
the State be able to make
partial
payment on
the obligation, the
amount
be
of
bonds
contracted
may
decreased.
McLennan
County
(P. O.
Waco),
Texas
Bonds Purchased—It is reported
that the Citizens National Bank
of
Waco
block
purchased
of
$40,000
refunding bonds
San
of
Aid
2s, at
a
par.
Utility
To
Blocked—A
report from Austin
had
11
road
Antonio, Texas
Public
Temporarily
14
July
on
State
as
the
City
special
on
lic Service
Dated
July
counties
ous
Co.
and
buyers
cities.
placed
Several
successful
bids for individual issues.
The various issues of
loan
notes
were
sold
temporaryas
follows:
Beaver
County, Pa., $770,000, third
series, due Aug. 10, 1943, to Salo¬
mon Bros. & Hutzler at
.82%;, $3,'
million, fourth series, also due
Aug. 10, 1943, to the same buyer
at
.80%.
,
Camden, N. J., $545,000, sixth
series, due Aug. 10,1943, to Chem-,
ical
Bank
&
Trust
Co.r at .93%;
■'
Tenn.
the-voters
'•
.
a
,
recent elec¬
the
approved
Amherst
Indep. Sch. Dist. (Pi O.
Amherst), Texas
Sold—It is reported that
of
and
1942
4%
sale
refunding,
bonds
have
.-v
of
city
would
stock
the
.
Warrants Authorized—The
Commission
is
thorized
issuance
the
said
to
City
have
of
au¬
$160,000
a
that
series, due,Feb. 9, 1943,
Pressprich & Co. at .74%.
million twenty-sixth series,
to R. W.
$1.5
due Feb.
9, 1943, to Salomon Bros.
& Hutzler at
.72%.
-
Chicago's
was
for
learned
$34,000,000
revenue
and
bonds. The
purchase the 83,000
shares
of
common
$10,000,000 and redeem
preferred
stock,
serial
de¬
"
Beaumont, Texas
.80%.
ty-fifth
The
between
outstanding
& Co. of Fort Worth. Dated March
-
city, it
$35,000,000 of
been
purchased by William ,N. Edwards
1942.
court.
at
Chicago, Illinois, $800,000, twen->
27th, 28th, 29th and
today,
30th series, totaling $14 million,,
has agreed to purchase the
utility
and
all
for approximately
maturing Feb. 9, 1943,.
$35,000,000, fi¬
went to Chemical Bank & Trust
nancing the purchase through the
The
ex*W:,
Bonds
$1
GuadalupeBlanco " River Authority,
which
also has been endeavoring to
buy
the utility, sought the order.
of $70,000 school rebuild¬
ing bonds, according to report.
$26,500 3V4%
& Hutzler
district
is¬
suance
was
million seventh
series, due
Aug. 10, 1943, to Salomon Bros.
Company from Amer¬
Light & Traction Company
halted, for the time being at
least, when a temporary restrain¬
ing order was issued today by the
,
County (P.O. Oneida),
Bonds Voted—At
io,
The
say:
Trust
&
was
Scott
Series
following to
Bank
York, and associates, pur¬
chased
$36,661,000 of the total
$50,459,000 temporary loan notes
up for sale on July 14 by local
public housing authorities in vari¬
ican
bonds.
1, 1942. Due in 1966.
tion
Chemical
of New
July
construction
-
The
other
City of San Antonio's agreement
to purchase the San Antonio Pub¬
$17,850,099
$1,775,-
.
the bonds
agreement
investment
an
County
Court is said to have approved
the issuance of $36,000 4% school
'
and
Agreement—
an
Bonds Authorized—The
•-
,
/
to have entered into
news
'
Lynch,
Refunding
-
E
of
Court is said
Selmer),
deficiency warrants.
'
Bond
Sale—The
$329,000- re¬
funding bonds offered July 23—
Bexar Co. Water Imp. Dist. No. 8
v. 155, p. 2413—were awarded to
(P. O. San Antonio), Texas
"In fact, on a strictly compar¬
a group composed of Stroud & Co.,
Bond Election—The issuance of
able basis, it is not unfair to claim
Newburger
&
Hano,
both
of
$60,000 water improvement bonds
that this is the first
completely will be submitted to the
Philadelphia, and Johnson & Mc¬
voters
balanced budget to be presented
on Aug. 1, according to
Lean, of Pittsburgh, as 1 %s, at
report.
in over 20'years,'because in the
a price of 100.549, a basis of about
Dallas County (P. O. Dallas),
i.645%. Dated July 15, 1942 and budget for next year no borrow¬
ing for any purpose is contem¬
Texas
due July 15, as follows: $32,000
Additional Information—In con¬
plated, and our records show that
in 1943 and $33,000 from 1944 to
with
the
sale
borrowing has 1 been an annual nection
of
the
1952 incl,. Other bids included the
practice for the. last 20 years.'.'.
$83,505 road and bridge, Series
following: ^
t ,y J.y.. v."
1942-A warrants to Crummer &
In
placing public, relief on a
Bidder—\ v
f.Jnt. Rate Rate Bid
Co, of Dallas, at par—V, 155, p.
current expense,
Bros, & Boyce, Singer,
basis, the Mayor
Define
&
Scribner.^ Mcore,
;
' > :
in his second budget of his ad¬ 2413—the
County Auditor states
&
maturities, due to the ex¬
heavy decline in gasoline
Sale
period of at least
10 years," the Mayor said in his
message to the council.
Leonard.
full
The Commissioners'
Tenn.
you
Providence in
State
meet
Lamar County (P. O. Paris), Texas
1942.
McNairy
of
1 call your attention to the fact
that this is the first properly bal¬
anced budget to be presented for
thereof), with
1, 1942, and subsequent cou¬
attached. Interest ceases Oct.
$18,846,-
truly balanced budget is be¬
for consideration, and
the
pected
re¬
National
payee bank on face
expected
as
$18,146,147.87 and outlay $19,921,827.50; and a deficit of $3,028,215.61 two years ago when
receipts
were $17,132,269.29 and
expendi¬
tures were $20,160,484.90.
*
'j
,-y,
budget esti¬
$18,109,873.35
expenditures of
at
675.17, compared
to
receipts; a deficit
still ,on
'•,r:'Y;;;,
the
year,
receipts
in
negotiated
Pittston
of
new
679.63 last year when income
1931, carries 5% and was
000.
That is held by the Miners
Bank
the
1,
are
in
for $50,-
third;: bond,
completely
pated deficit of $996,576.17 for the
year,..when expenditures
been
;'•■
a
current
diffi¬
not
30
no
This
with its grants from the
generous
t
had
June
throughout the year, there will be
a
surplus, therefor, of $9,491.86.
kind would,
financial
create
course,
culties
.1
April
on
pons
lay
fund, which bought
"
relief
anticipates
$18,100,381.49. If income and
of the bonds, deducted from
the State appropriation.
on
and
when
met
public
the
to
and
155, p. 2142—it is now
stated by the City Treasurer that
District
revenues.
from
year
maturity
Dated
Oct.
the
but there is
$40,000.
The
was
Due
of
Knoxville, Tenn.
mates
floated in 1923
of
payment
date
to
a
quested to send them for payment
finance
penditures from $2,335,370 for the
current year to $1,307,112.50-for
the State Workers Insurance Fund.
5%,
interest, plus
to
to
of
budget which contem¬
borrowing for the new
fiscal year beginning next Oct. 1.
Paring
public
assistance
ex¬
$15,000,
carrying 5%, was floated in 1917
and according ; to the authorities,
nothing has been paid on the
principal. This bond is owned by
at
accrued
Holders
balanced
A second bond issue for
$50,000
1,
plates
here for teachers salaries.
for
and
par
Council
Retirement
Interest has been deducted
was
totaling $215,000, are being
for payment on Oct. 1, at
called
current
revenue,
Mayor
Dennis J. Roberts sent to the City
from time to time from the regu¬
lar State appropriation that is sent
A third issue
bonds
in
years
that
able
like amount of Series D
a
bonds—v.
■—
ing—Proponing for the first time
out
from
and
debt service requirements on 1943
bond
that
no
1932, except
of certificates held by
word
were
turities on Special Road bonds,
$20,000 street imp't. bonds, dated should the < State be unable to
Series
D, ,C and
road
refunding
1; 1920, payable Jan. 1, 1960, meet requirements because of de¬
bonds, whereby $27,000 refunding
are
being, called for cancellation creased gasoline revenues. Under bonds will be
issued in June or
and surrender as of Jan.
1, 1943. terms of the tentative contract, July, 1943.
New bonds are to
the investment company will re¬
bear 2j/4% interest.
TENNESSEE
;
*
'
fund $31,000 Road bonds by sale
Carter County (P. O. Elizabeth- of
UNITED STATES
Refunding bonds to be dated
ton), Tenn.
April 1, 1943, to bear 2!/4% in¬
Federal Public Housing Authority
Bond
Call
County Trustee terest payahle semi-annually, and
Local
Unit
Notes
Awarded—
Lloyd Perry states that 4% school to have a maximum serial ma¬
bonds called.
Providence, R. /.
Budget Excludes New Borrow¬
be
not
with
B. Black states
of
County
$61,000 ;2y2%
refunding,
exchanged for
auditorium
Series F bonds
bonds, follow¬
Indebtedness
might
CAROLINA
'y>Yl-: premium of Yi of 1%
ISLAND
of
Road
road
that
semi-ann.
In
—
report given
Jan.
Oct.
bonds since
on
financiaL report
RHODE
direct interest payments have been
made
The
Monroe Bentz.
'
It
,
D.
receipt
Board
Bend Redemption—Town Clerk-
Treasurer
State Aid
on
Information
with the
previously
adopted an ordinance au¬
thorizing the refunding of the
State's portion of 1943 maturities
Walterhoro, S. C.
count of tire
during the past
'
SOUTH
coun¬
connection
to have
favorable
„
Barre;
Additional
Bond
Refunding. Authorized—
State and Federal The Commissioners' Court is said
„
Wilkes
Waco, Texas
Texas
$300,-
The over-all relief
building at Wrightsville on July
figure for
effect 6f gasoline and tire ration-, 2, according to local news reports. the new year is
$1,510,000, a drop
York
and
Lancaster
ing on receipts of the amusement
County of $751,370 from the current year.
have
taken
the The total includes
companies can be gauged from commissioners
$1,200,000 for
collections on the city's amuse¬ stand
that
the
war
emergency Support of the Poor; $300,000 for
ment' levy,
necessitates that a reserve fund be Aid to
which' amounted to
Dependent Children and
$602,690 in the half year period, kept intact until the bridge cost $10,000 for WPA. But of the total
compared with $533,615 in like is cancelled and the structure is the city's share will be only $395,1941 period.
The city levies an turned over to the State for its 000, which, the Mayor intends,
amusement tax of 1-cent on each operation without charge to the shall be paid out of current rev¬
25-cent denomination.
'
'
enue.
public.
"
' ,«
The city's share for the
On. Feb. I, last, each of the current fiscal year is estimated at
Pittston
Township Schi District, counties cancelled
$180,000 of ma¬ $1,411,370,
the
difference
lying
v-.;' ,■■■"'•
Pa*
"'.v.1.-1v'!•:, .1
turing bonds and $250,000 op¬ largely in the increased aid from
Plans Debt Refunding—The fol¬ tional-call bonds.
The redemp¬ the State.
:
•
lowing
item
appeared
in
the tion left $300,000 of the bonds
•
205
bentures and first mortgage bonds.
San
Antonio
Public
Service
Co. at .74%.
Girard
Trust
Co.
purchased $1
public hous¬
ing notes, 33rd series, at .66%. All.
of the $19.2 million remainder of
million Detroit local
the Detroits due Feb. 9, 1943, went
to Chemical Bank & Trust Co. at
.74%.
-
currently has outstanding about
$16,500,000 in bonds, $1,300,000 in
serial
in
debentures and $4,500,000
principal amount of $6 prefer¬
red
stock.
-''i
At the end
■£.
of 1941, San Antonio
Public Service
sets
■
reported total
as¬
of
$39,723,591. Its gross rev¬
in the twelve months ended
enues
March 31, last, amounted to $11,-
309,287, and its net, after expenses
charges, was $1,084,162.
and
The
company
light and
electric
serves
without competi¬
tion, to San Antonio and 90 other
power,
communiteies in surrounding ter¬
ritory.
Its sale to the city marks
another
step
in the liquidation
Harvey Fisk & Sons purchased
$215,000 Lakeland, Fla., Housing
Authority temporary loan notes,
due Aug. 10,
1943, at .88%.
J
Louisville's 14th and 17th series,
amounting to $916,000 and $2 mil¬
lion, went to Chemical at .74%.
The 15th and 16th
series, amount¬
ing to $1 million each, were pur-"
chased by Girard Trust Co.: at
.67%
and
.68%, respectively.
All
mature Feb. 9, 1943.
Paterson's
000
and
lion,
first
second
due
awarded
Aug.
to
••
series
series
10,
and
Richmond's
mil-*
were
Bros.
.80%,
/... Yv;:
tively.
$457,-
$1
1943,
Salomon
Hutzler at .83%
of
of
&
respec¬
Y:..
second
series
of
the warrants are.dated June of American Light &
is in fact extending
Traction, an
$416,000, due Aug. 10, 1943, was
no-borrowing policy which he 15..s 1942,. and were purchased as intermediate holding company in
hill. Ncyes & Co. and S. K.
taken by the First & Merchants
Cunningham & Co.
ln,4%
100.16
adopted for highways, and sewers follows:^. $18,505 as 21/2s, due. on the .United Light & Power Co.
National Bank of Richmond, Va.^
If.' H. Rollins & Sons, Inc;,
in his first budget.
April 10 in 1945 to 1949; the re¬ group. -■ '.yiV
">
v'"-Blair
&
Co.,
Inc.
and
T'":-r''..
at .65%.
The third of $1 mil¬
! Dolphin. & Co.
maining $65,000 as 2%s, due on
2'.ft
100.65
The
Mayor's
budget
recom¬
lion went
to Salomon
Hnlssy, Stuart Co., Inc,...
Bros. &
100.C6
Interest Terry County (P. O. Brownsfield),
mends $1,225,000 be expended for April 10 in 1950 to 1952.
T exas
Hutzler at .79%.\
;
York and Lancaster Counties, Pa. .State
payable A-O.
Unemployment Relief and
Sacramento Housing Authority's
Bonds Sold—It is said that
$20,1 Bridse * Revenue ■ Bonds ? Well Support of; the Poor,:
El Paso County (P: O: El Paso),
including
000 2% semi-ann. road
refunding. $1,220,000 notes, due Aug. 10, 1943^
Secured
The Wrightsville and administration, compared to
1'. *
\
<Texas •«•,.'»
•
•
$1,went to the Capital National Bank
Series 1942 bonds, have been
pur¬
Columbia
for
the
current
Inter-County
bridge 711.379
year,
Bond Issuance Contemplated— chased
of Sacramento, Cal., at .47%, The
by R. A. Underwood & Co;
will be free of tolls beginning Feb. while the WPA appropriation is The
same
institution boueht $535,000
County Commissioners will of Dallas. Dated
May 1, 1942.
1,1943, olans of York and ..Lan¬ reduced from $250,000 to $10,000, offer for sale in the near future a
Sacramento County Housing Au¬
caster
Velasco Indep. Sch~ Dist. (P. O.
County
officials,, under an. amount which the Mayor him¬ $64,000 issue of
thority notes, also due Aug. 10,
refunding bonds,
whom the scan is being operated, self warned might prove inade¬
Velasco), Texas
it is said.
*
Glover
Phelps,
&
McGregor,., r...
Penn
&
Co.,
.
,
'1
ministration
100,30.
,
Hemp-
the
•
•
-
-
-
........
.
„
..
..
,
.
.
•
..
-
.
—
-
1943, at .44%.
indicate..
There was a halance of quate should anything interfere
$252,763.94 in, the York County with the business upswing. Omit¬
bridge fund general and sinking ted is any appropriation for aid
fund treasuries and a like amount to dependent children- inasmuch
in the Lancaster County treasuries as the tax-relief bill the
Gen¬
Fort
Bend
County (P.
mond). Texas
.
on
any
July
1,
bonds
but
no
being
intimation of
called for, re¬
eral
Assembly approved last
ses¬
sion provides that the State shall
1
i
<4 ).:
t.
<i
O.
Rich¬
sold
Bond Electiom—The issuance. of
to
the
voters
according to report.
on
Aug.
<•.
r
L-
recently to local investors as
ZV2&. at a price of 101.00. Due. on
April 10 in 1943 to 1962.
Thes^'
Santa
Barbara's $175,000 notes,
Aug. 10, 1943, were purchased
by Harvey Fisk & Sons at .88%;
due
The
same purchaser was awarded
$710,000 Seattle (Wash.) Housing
1, bonds are part of a $200,000 issue, Authority notes, also due Aug. 10,
approved by the voters in March. 1943, at .84%.
;
-
$60,000 airport bonds will be sub¬
mitted
Bonds Sold—It is reported that
construction bonds were
$15,000
$
1
•>
.5
••
i
f
*
c- 'l
t
.
|'jl i
i
r
-"i
till
I'
-ili
'
Housing Authority
Temporary
Loans
Public
Federal
Unit
Local
$32,601,000 temporary loan
notes.
The; following tabulation
shows the bid opening dates, dates
of notes and maturities:
July 21. 1942
indicated)
Amount
as
City
Dallas,
Tex
Decatur, 111
i.
Fayette County, Pa....,
Fort Smith, Ark.,.
170,000
825,000
Tex
Galveston, Tex. ......
Holyoke,
Mass
Little RO^k, Ark.,.
1,025,000
Cah
111...
1,...
1,400,000
585,000
1,000,000
Galveston,
Los
Angeles City,
County,
Madison
940,000
950,000
Feb.: 9',--19431
340,000 Feb. 16, 1943
2,195,000
Feb.
9. 1943
1,730,000' Aug. 17, 1943790,090 Aug. 17. 1943
MoKeeSport, Pat .
Meridian, Miss. .......
New York City, N. Y,..
Portland, Ore.
........
Cal. ......
San
Francisco,
Richmond,
South
ill.
"Winnebago County,
Total
farm
Aug. 17, 1943
I.. .$28,675,000
...........
July 24>
Opening
Bid
(Notes
dated
products decline,"
"By
$239,000
1,520,090
340,000
408,COO
1,450,000
208,000
u.,..
Ala,,.
Fayetteville, N. C....
Memphis, Tenn
Mongomery,
Ala
Fairfield,
Total
been
maturity
Harper
Sept.
is
June 29.
,
,
.
Defeated
Bonds
At
—
rate
average
.
.v.
,.
Expenditures
For
1941
;.
the
Under
medical
2,285,973
2,194,000
cess
10,000
the
Do¬
of)
whereby they re¬
chose the option
Dominion the cost
ceive from the
of
debt
net
the
actually
service
or
and
Pullman
■
-
a'
month
;
and
tickets,
increased
from
;■%;
:
'
do¬
on
telephones.
railway
tax
15%.
to
deduction
for
or
dental expenses in ex¬
of 5%
of income within year.
profits tax jumped from
75%.-to
100%,
after the
returnable
20%
war.1
-
10%'
-
-
30%
chewing
ately.
tax
effective
gum
bottle.
a
candy
on
and
immedi¬
Pop goes from 6 to 7 cents
-
'
'
:
Tax
on
or
$1.
/;
v
furs increased from 12%
v,.;V;--'v-;
to 25%.
is
There
a
20%
new
tax
oh
by night
clubs, cabarets and dance halls. ;
charges
to
customers
admittedly
people hard in
ability to pay.
Budget
hit
designed to1
relation to
.'l
their
.
*
New
cents
50
income tax¬
time
first
allowed
$
2,204,000
terms' of
cents
25
pay
pensions
the
payers
Excess
>'■
from
mortgage
service pen¬
sions exempt from income levies.
2,294,790
I, >
.........
defense
of
Bus
payments. : All war
Island
Surplus
as
total
On
983,942
annuities,
: 8,817
Revenues
Rate on Indebtedness
Declines—The Montreal "Gazette"
recent
a
$•
'13,578,435
Dec, 31
1942 (est.)
tax
mestic extension
Jewelry of all kinds, photo¬
envelopes
after Sept.. 1; along with compul¬ graphic
supplies
for amateurs,
sory saving levy.
Forced savings, luggage, and a long list of per-;
refundable after the war, earn in¬ sonal articles pay a 25% tax on
terest at 2 per cent, but may be retail values, with some exemp¬
diverted to insurance premiums, tions on articles costing less than'
15,071,598
$'
follows:
Somewhat paradoxical is
the
;
fact that the heavier Canada goes
into
debt
the' lower
goes
the
Puy all up, Wash*
Edward
ending
with
be collected
minion-provincial tax agreement,
all three of the Maritime provinces
Canada (Dominion
bonds, part of a total $100,000 is¬
sue
approved by the voters on; of recent date noted
1941
$
12,162
_
Average
semi-ann. water revenue-
901,234
13,932,424
13,920,262
levy
supplies generally,
re¬
income tax,
tax, will
increased
Sharply
combined'
4
....
Year
The next
15, when
•
;
contained in the
budget message submitted in
House of Commons
by the
.
30
1942 (est.)"-,
■1
.....
Prince
CANADA
$65,-
have contracted to purchase
000' 3%
Surplus
Seattle,
& Co. of
Son
&
defaulted.
$2,948,000 bonds will mature.
City
William
P.
that
Expenditures
of
the
Province
announced
that
$150,000 bonds due July 1, 1942
bond
states
"l
...
Additional Default—Officials
have
111,508
Scotia
measures
the
$
Year ending Nov.
tobacco
'
Dominion's Finance Minister:
*
leaf
deduct
we
-
10,692,273
Nova
tax
cent
10,948,040
10,046,806
■
purchase of scarce
Raw
doubled; higher taxes on cigarette'
papers, tubes, pipes and smokers'
,
1941
10,893,781
Surplus
Revenues
1
$
,
Revenues, ............
Expenditures
said Mr.
line of
of debt
,
Minister
Munitions
the
cent.
-
■
(est.)
1942
-
Chelan, Wash.
Sale Contract—The
Clerk
amount
.v
.
who bought farms or
borrowed funds in- 1933 and 1935
should be requested to pay more."
WASHINGTON
Bond
same
by
for
cents a pound.
Grad¬
cigar tax increased 25 per/
.
\
.
;
■£ear ending Oct! 31
that persons
Aug.
.$4,165,000
.............
the
follows:
Brunswick y
New
.>'■''
increased if farm prices
Yet no one has suggested
rise.
Maturity
17, ,1943
Aug. 17, 1943Feb. 16, 1943
Aug. 17, 1943
Feb. 16, 1943'
Feb. 16, 1943
Amount
Md
Denver, Golb,
movingforward
are
fiscal years as as
should be
indicated)
as
City
Annapolis,
the
reasoning
1942
1942, and maturing
7,
Aug.
life
of
ards
expense
McNab.
„
natural
rate
a
would be lower and
the risk of loss "very much less."
"It has been argued that farm
debts should be cut if prices of
the
Feb. 16, 1943
190,000
935,000
•
such
said
Cigarette tax increase means 17
of 22 in 25-eent popular
package.
Tobacco up from 35
instead
; Additional 2% tax on life, fire
(from $1,394,033,- and casuality insurance premiums.
000) the amount charged to active
Tax on spirits upped from $7 to
assets, we get a total of $1,351,- $9 a gallon.
Prices go up imme¬
553,000 as the estimated total to diately in liquor stores.
Beer
be
charged to expenditures on prices will move up in a few days.,
war
account during the past fis¬ Wines increased from 40
to 50'
cal year," said the White Paper. cents, a
gallon; sparkling, winesi
"This represents an increase over from
$2 to $2.50.
v
the previous year of $599,508,000."
Long
distance
telephone
tax
Following is a summary of the
upped from 10% to 15%.
New"
"If
are receiving a greater
and our modes and stand¬
return
representing ad¬
Crown corporations or¬
to
commodities."
com¬
had been products
a
as¬
investments
and
$24,331,000
vances
increased
monetary
is uneconomic. through
"Private lenders would not be in¬ awards, higher prices and higher
Feb. 9, 1943Feb; 9; 1943' terested in making mortgage loans costs must follow in all lines of
Feb." 16, 1943
In fact, they would' public endeavor."
Aug. 17, 1943- at such a rate.
Aug. 10, 1943
Statements
of
revenue
and
be foolish to do so."
Feb. 16, 1943
for
the
Maritime
Aug. 17, .1943
He suggested they could get a expenditure
Aug, 17, 1943
better return by investing in Do¬ provinces' for the past year along
Aug, 17, 1943
with
estimates
for the current
Feb. 16, 1943
minion of Canada bonds, because
680,000
350,000
Fort Wayne, Ind.,,
-a
if
uptrend,
mendable
proposal for adjustment of all
farm debts on a 3% basis, and
9, 1943'
Fel>.
1,800,00(4
1
Mr. McNab said there
-
Aug. 17, 1943'
Aug. 17, 1943
695,000
1,900,000
Clackamas County, Cce.
.
Maturity
Aug. 17, 1943
Feb. 9, 1943
3,765,000
5,000,000
Pa
Chester,
'
410,0«90
Albany, Ga. ..........
Allegheny County, Pa..
and
loans
to
ganized
showing
of
uated
"Changing circumstances must
Howe
recognized.
It is obvious that
is
sum
cents to 51
be
business
a
ditions
rise, Hon. J. J. Hayes
Doone, New Brunswick SecretaryTreasurer, has commented:
if
is
sets—$18,149,000 representing ad¬
to
tures
1941-42
$42,480,000 charged to active
On
its
charges 5% on farm loans.
maturing
Aug. 4;. 1942, and
(Notes dated
of
some
on
for
033,000
in
large
bulk
will
servants
year's expenditure account.
the tendency of expendi¬
this
Alberta Government
Treasury branch
loans charges 6%, and that the
Farm
Loan
Board, an agency
of
the
Dominion
Government,
"which
secures
its funds at a
lower cost than do insurance trust
and loan companies," at present
dent said the
total of
Opening
Association Presi-
i Mortgage Loans
'
Offered—Sealed bids will be re¬
ceived by 26 local -housing au¬
thorities for the purchase of a
Bid
civil
Included in the figure of $1,394,-
bonus to
ment of a cost-of-living
1 recently declared as usurious, the
Monday, July 20, 1942
FINANCIAL CHRONICLE
FHE COMMERCIAL &
206
Tax
and new taxes
estimated to produce ; additional
revenue of $246,075,000 a year.
>
'
changes
(Continued
paid by the province during the
fiscal year ending nearest to Dec.
on
page
207)
,
,
J
For
31, 1940, less the revenue obtained
from succession duties during that
The Half-Year
indebted¬ period.
In return they vacate the
personal
and
corporation ; tax
proposal to issue table below Canada's total un¬
Long-term municipal' financing continues on a greatly restricted
fields.
This option is in contrast
$350,000 in bonds, with which to? matured funded debt, including
scale, the output in the recent month having attained a level of no
to the other which envisaged pay¬
finance acquisition of the Puget
treasury
bills,
reached
as
of ment to the provinces of the reve¬ more, than $32,278,124, while for the preceding month the figure
Sound Power - & Light Co. prop¬
was
only $30,798,098.
Thus the combined totals for the past two1
March 31, 1942, a new high level
nues
which the province and its
months was even considerably lower than the average monthly out-erty.
At the same time another at $5,800,000,000, according to Fi¬
municipalities" actually obtained
proposal, to create a P. U. D. dis~. nance Minister Ilsley's budget, but
put of $79,812,875 during the 1941 calendar year.
Moreover, the
from the personal and corporation
reduced scale of borrowings during the other-months of the current,
trict, was also rejected.
at the same date the average in¬
:tax sources during the fiscal year
year resulted in a marked decrease in the volume of sales in the
terest thereon was at a new low
WEST VIRGINIA
ending nearest to Dec.'81*, 1940. *
first half of the present year, as compared with the disposals in the
of 2.90%. For the wartime period>
The Dominion's offer to pay the
like period of 1941.
Graf tan, W. Va.
Indeed, the 1942 aggregate, at $332,341,645, is
that is from March 31, 1939, to
cost of a province's service , was
Bond Election—The issuance of March 31 this year, indebtedness
[the lowest for any comparable period since 1933, when the figureintended - ^ for
those1' provinces : was
only $226,425,126.
Awards in the first six months of 1941'
$40,000 city hospital completion rose by $2,480,000,000, or over
1 which have not developed to the
amounted to $604,755,539, and in the earlier* years the totals were
bonds will' be submitted to the. 73%,. while at the same time the
same extent as others in the.per¬
$550,806,409 in 1940, $726-,898,600 in 1939, $508,632,992 in 1938 and
voters
at an
election scheduled average rate fell from 3.52% to
sonal income and corporation tax
$556,806,135 in the first half of. 1937. *
for July 28.
Approval' is said to* 2.90%. ' Incidentally, on an an¬
fields.
The agreement provided
nual basis, the difference of .62%
J
have been received from the RFC
It would appear, on the basis of the financing negotiated in the
that such payments would be aug¬
on
a
first half of the year and existing conditions induced by the war
$160,000 loan toward the would work out at an additional
mented by. appropriate fiscal-need
$35,000,000
per
annum
in in¬
project.
;
effort, that there is small likelihood of any sharp increase in the
subsidies where it could be shown
terest charges on the total debt
volume of municipal borrowings during the remainder of 1942, orr
that these were necessary.
WYOMING
outstanding as of March 31, 1942.
for. that, matter, for the duration of the war.
Both the present
Rather interesting is the compari¬
Canada (Dominion of) *
status and the outlook for municipal bonds is graphically portrayed'
Buffalo, Wyo.
V
son with the position before the
in the "Mid-Year Review of the Municipal Bond Market,", now be¬
War Outlays To March 31 Put
the
election
have
voters
rejected
said
are
to-
ness.
As
noted from the
will be
a
'
Authorized
Bonds
—
The Town
recently passed an ordi¬
Council
calling for the issuance of
nance
$35,000' water refunding bonds.
the March 31, 1913, level
of total debt being a mere
period to March 31, 1918.
Town
Clerk
As of
Funded Debt
Av. Int.
$5,866,071,000
4,371,891,000
3,695,705,000
3,385,722,000
3,337,358,000
3,314,558,000
2,250,837,000
2,596,816,000
2.90
1,472,098,000
4.83
260,869,000
3.44
Mar. 31
that $7,500 town bonds of¬
last November, have been
states
fered
19*2.'.....,
194I.......
1940.......
purchased by Mr. E. E. Birchby of
1939..;,;..
Sheridan.
1937.......
1936-
1930
Laramie, Wyo.
1920,.-.,...
Bond Election—The City
■
cil has called
an
Coun¬
election for July
28 in order to have the voters pass
the
on
issuance
of
$260,-
800,000,. while only $1,200,000,000
: had been added in the five-year
Dayton, Wyo.
Sold—The
Bonds
last war,
$1,500,000
bonds, with which to purchase the
light plant properties of the WestCm Public
Service Company.
1918
,,
1913.
Provinces
Maritime
3.06
3.39-
'
3.52
3.75
3.53
5.02
5.18
Improve
Fiscal Position—In a review of the
financial status of the three
lime
Mari'-:
provinces (Nova Scotia, New
and
Brunswick
Island),
Toronto
Prince
Edward
"Financial Post" Of
of June 20 reported in
the
$2,299,841,000—With total di¬ ing distributed by Halsey, Stuart & Co., Inc.* New York and Chi¬
current review, like
its predecessors, represents a
for war account dur¬ cago.. The
ing the 1941-42 fiscal year esti¬ thoughtful analysis of the foreseeable outlook of market conditions
and bond prices.
Although observing that conflicting factors make
mated at $1,394,033,000, Canada's
war
expenditures at March 31, difficult any effort to anticipate trends, the bond house states that
1942, stood at $2,299,841,000. •Fi¬ the following three conclusions seem warranted: Activity in the
nance Minister Ilsley
said in the municipal bond market will continue at low ebb for the duration
The price level will be well maintained for tax-sup¬
White Paper which he recently of the war.
Price "advancement is probable for
presented to the House of Com¬ ported' bonds of good quality.
both revenue and general obligation bonds if, and when, a solution
mons.' '> '■ '
/
' . ' *•';
••
is found for rubber and gas rationing, and if a favorable and rea¬
The total direct war outlay in
sonably, final decision is arrived at on the tax immunity question;
the/last fiscal year-was $615,609,The campaign of the Federal Administration to eliminate the tax000
more
than
irv 1940-41, the
exempt feature on outstanding and future municipal bdnd's has
White Paper said.
It contained
been the principal
adverse price factor in the recent municipal
this summary showing the "rapid
market and will? continue as a price deterrent until the issue is de¬
increase" in war outlays:"
cided with some finality, the review states.* / A
Ffecai
At
rect outlays
.
year
wiscai
year
/..V,;v;-.vv
1939-40
1940-41
Fiscal year 1941-42
;Total
...;,....
,,.,
-$127,384,000
778,424,000
1.394,033,000
$7,299,841,000
The June sales of $1,000,000 or more consisted of the
>
'
part, as follows:
In
line
with
.
most
Canadian
ALBERTA
provinces the Maritimes expect to
Policy Scored—A A. Me- end their current fiscal years with
Nab of Edmonton, President of a moderately lower surplus show¬
the Alberta Mortgage Loans As¬ ing than last year.
Working of the Dominion-pro¬
sociation, told the annual meeting
that "in Alberta the covenant has vincial tax agreement means that
Debt
abolished
been
every
effort
and
has
addition
in
been
made
by
legislation to deny creditors ac¬
cess
to
their security.
words, an attempt has
been made in Alberta to make a
■
"In other
the provinces have lost their reve¬
nues from the corporation and in¬
come
tax
sources
inflated war in¬
and which normally-might
been expected to increase
terially
come
both- revenue
which have expanded ma¬
fields,
due
to
than a have
promise to pay, which could not further.
mortgage
nothing
more
"During the corresponding
three
of the First World War, ex¬
penditures charged direct to war
account aggregated approximately
years
6%
on
On
the
hand, the rising
economic
activity
has
•
Dominion
ent
on
four times the
in
the
same
to" date
period
of
the
,
%
.
.
.
r
Conn., series A bonds, bearing .various
debtedness,
and
(State of I
1.70%. rural credit deficiency fund certificates of in*
to a group headed by the"
of 100.38, a basis of about
maturing in 1950 and 1951, sold
Co. of Minneapolis, at a price
Wells-Dickey
1.57%.
"They exceed by over $603,000,000 Canada's total war .expendi¬
for
war
N.
1,792,000 Albany,
to
incl.,
Associates;
and demobilization
0.50%
1 040,000
at
1.80%
Various municipal bonds, due serially from 1943
Co., Inc., New York, and
Re-offered to yield from
Greenburgh, N. Y., 2.20% tax lien bonds, due serially from 1S43 to 1943:
incl., sold to a syndicate headed by Halsey, Stuart & Co., Inc., New York,
100.169, a basis of about' 2.129%.
Re-offered to yield from 0.80% to'
2,10%, according to maturity.
...
Detroit, Mich., street railway equipment trust certificates, bearing various
interest rates and maturing from 1943 to 1947 inch, sold, to,a group headed'
by John Nuveen & Co., of Chicago, at a net interest cost of 1.66%.
'at
1 000 000
Y.,
purchased by Phelps, Fenn &
100.16, a basis of about 1.78'%.
to 1.85%, according to maturity.
1962
:
Indeed, Canada's direct war
war."
rates
2,025,000 Minnesota
last
war.
tures
!
maturing from 1943 to 1979 inch, awarded to a syn¬
dicate headed by Phelps, Fenn & Co., Inc. and Lehman Bros.,, both of
New York, at a net interest cost of 1.829%.
, ■
been over
expenditures made
maturity.
Housing Authority,
Haven
interest
account of the pres¬
have
war
according to
99XU,
2,267,000 New
.
farm mortgages has been1 health, education, etc., while pay¬
:
Mr.- Ilsley's White
Paper said.
"It will be seen,
therefore, that expenditures by the
during the, whole of the
other
99,1,. according to maturity.
....
\
2,396,000 Yonkers Municipal Housing Authority, N. Y., series A refunding bonds,.
bearing various interest rates arid maturing from 1942 to 1979 inch,
awarded to a syndicate" headed by Pehman Bros, of New York,, at a net.
interest cost of 2.06%,
Re-offered from a yield of,0.30%, to a price of
v
$533,000,000,"
last war.
out¬
tide
of
lays during the past fiscal year
meant greater expenditure by the were less than $3,000,000 short of
prevails in this Province."
f^tal cost to Canada of the last
Declaring "an interest rate of j provinces
on
services such as
enforced.
This explains the
lack of credit which at present
be
following;
Municipal Rousing Authority, N. Y., first issue refunding bonds,
various interest. rates and .maturing from- 1942 -to 197? inch,
awarded to a syndicate headed- by Blyth &r Co., Inc., New York, at a net
interest cost of 1.954%.
Reoffered from a yield? of 0.25% to a price of
;. $7,062,000 Buffalo
; bearing
Volume
month
The
of
June
the
witnesses
placement of $79,228,511
issues, of which $32,000,000
City of New- York and $20,000,000
Authority.
by the
Pittsburgh
-
The Canadiah municipal bond
;
2137
Hemet,
market was particularly active in
by
poses,
due to large-scale borrowing,
'1
has
ers
been
suiting from the
due
in
and
2
due to
greatly ;strengthened
effort.
war
provinces, the Dominion
increasing
of
tives
basis for
In
and
officials
the
of
province
to
on
r
various
to
interest/ the bondholders' committee
respect
past-due
to
prepared
was
4% basic rate of interest.
a
sentatives, however,
insisted
a
on
,
rate.
2'/a
3,
30,000
1-20 years
Minn.__to__
Ky._™
MANITOBA
1*65,000
1944-1951
mio
1.89
65,000
d200,000
2.73
for
1.98
and
La
Rue,
D.
91,
Ohio
—3'A
Clark Co.
.Lor'dsburg,
N.
S. D.
1943-1962
4,000
1, Mont.U3A
*
1-100,205
^_2 'A
*•
j.
1%
1943-1952
1943-1949
1943-1947
»
1943-1952
)
1943-1951
»
the
30,830
1942-1955
100.57
;450,000
Lucas
Y.
N.
Manasqugn, N. J.__„_
»__"___^_3
Manvillet N. J. (4 issues)
,_2.10
2412
1
Mass,,
1 '/a
2227 .Midland,
Mich.
j2228 /Milie Lacs
40
(2 .issues),
Co.,
Minnesota
(State
of)
Monmouth,
1.18
of
100
3.00
'105,900
100.16
2.05
30,000
100.69
1.37
28,000
100.27
1.20
25,000
<180,000
»
!
1943-1947
I
^__>_^^1.70
»
22,000
100.20
1.19
.1-70,000
100.21
2.22
35,000
TOO. 3 8
"l~57
100.55
3.39
T00I6
U8
r1950-1951
lk
.
2,025,000
i
No
United
States
Possession
financing
2229
undertaken-in this
was
Monroe
1943-1952
1943-1948
Co., N. Y.™_
2139.Montevideo,
during
country
f
Below
1
June.-
comparison
a
of
the
all
obligations sold in June during the last five
{ 1
\ ; '>:•
1
Placed
xPlaced
.
Bonds
(U.
'
years: *
1940
•
!
1939
/
forrhs
'
■
v
'
^
-
2322
S./r—i.
U-.
None
.
Possessions-//,/Z2
1,018,801
None
None
None
f
'
'4,000
rd38,000
2325
'
Total
Y----™™/-/--™
351,367,568 974,168,540
.2413. Orangetown S. D.
None
,24irOwosso, "Mich.
2231'Pasadena" Ind.
155,643,864 369,492,961 259,951,935
^Y
(revenue bonds and bills and corporate stock notes)
$32,000,000 in June, 1942; $42,500,000"in June, 1941; $23,-
by New York City:
800,000 in June,
The
1939, and $20,000,000 in *
1940; $22,650,000 in June,
number
of
municipalities
the
in
June, 1942, were 162 and 205, respectively.
and
1
208 for
May, 1942.
For'comparative
ing
the aggregate
series of years.
purposes
we
2139,Port
issues made during
bond sales for June
36
the
40
Roby,
38
excluded:
are
For the
./
fiMonth*1
June
Year—
$332,341,645
1935
85,091,518
604,755,539
1941_J.__--t——.u
84,739,605
550,806,403
1933
726,898,600
1932
144,088,903
508,632,992
1931™
Albans,
Vt
2325
600,010,462
St.
Salem,
519,570,535
103,399,535
226,425,126
88,794,393
528,469,540
120,611,5^1
851,188,436
*,
Vt.„
2138
-
273,343,713
Co.,
Albans,
;
115,126,622
1938—™———
N.-Y.—_1
St.
Ore.
33'San* Francisco,
2231
San
2414
Seattle
1936
108,597,733
——
1930
556,806,135
100.13
Name
page No.
Akron,
2321
Alachua
2323
2323
2410
Ames,
2325
Co.,
Altoona
i
D„
S.
3.19
100.13
0.94
1943-1946
35
Bayou
D.; 15,
La.——3lA
Ohio—1—_—
Y._—-0.90
N.
2411
Beatrice, Neb,,
uTr12'/z
2139 Bellmawr,
N. J.™ZZ--.-Z-.__/™3Va
Bessemer, Mich.
2227
i
Breckinridge
33
\
2'A
Co., ,iMinn.-/.-/zZ-.™1 '/a
Earth
Blue
2228
2138
'1
35
Co.,
Ky._
>"
2230
—l'A
Brockton, Mass.•.
—.——•—l'A ■>.
Browning, Mont.
-^-/---4'A
Buffalo Municipal Housing Auth¬
ority, N. Y.„1_1———1.80-3
Cabarrus Co.; N. C.—z-U——-13A
Carrizozo, N. Mex._——4'/2
Castro Co., Texas,,„4V2
2230
Castro Co. S. D. 15,
2411
2140
2229
1
;
Conn.
Bridgeport,
*
36
34
Cimarron,
Chickasha,
2411
Clarksdale
','37 Clinton
Clio
S.
H.
D.
2413
Clover,
S.
2139
Columbus,
39
Comanche
' 34 Cordeles,
2322
d60,000
;
Corning,
33 Creede,
1943-1955
N.
Corp.,
Ky.__3'A
100,000
issues)^.—,1.60
(2
V1943-1958
*
Cross
rd7,062,000
1943-1955
I
issues)
Okla. -(2
and
2326
Road
Spec.
-40
Dallas
Mich.'
0.75-1 V2
Dimmitt
Ind.
Duraht,
Okla.
2410
!
Detroit,
2413
East
Baton
2.20
2141
100.41"'
1.55
2138 Bowling-Green,
100.66 !
2.69
r48,000
100
«'
•
Rouge H.
60,000
<
100
4.-00
.
'
1943-1947
'?■
;
1,000,000
"
rl3,000
100.002
1.925
2.18
54,000
1943-1957
279,300
100.07
1946-1951
: 99,000
100..
2410 Estherville,
2226
Evansville,
2410
Fairfield,
2410 Pall
River
Fall
Fort
2231
Galena
2322
Gary, Ind.
2324
Gloversville,
2140
Granville,
2412
-
Fletcher S.
2326
Greenburgh,
36 Grosse
■
'
1,
D.
S.
26,000
1943-1962
1240,000
100
•
101.83
,
1943-1952
380,000
•
S.
D.
'••
Creek,
l',/2
_—™——
Struthers,
1943-1948
rl2,000
1949-1953
25,000
100.
3.50
1943-1957
15,000
100
2.25
1V2
1947-1948
r41,000
101.16
1.29
r73,400
100.01
1.29
40.000
100.28
2.22
1,040,000
100.16
N.
Y._„—1.30
,2'A
Y./__*_—
Twp.
Agric.
1943-1948
,
.
■
■
1943-1946
100,000
1.6?
100.50
100.06
45,000
.
1943-1952
15,050
1943-1946
•
T.8'
100.33
9,000
1943-1952
101.19
20,000
y4
Ohio
__1
•
>
Canada,
of
June
Montreal,
27
purchased
$50,000
issue
an
of
of
3V2% improvement bonds at price
of 100.91, a basis of about 3.32%.
has
maturity
average
of
9
years.
ONTARIO
Arnprior, Ont.
Bond Sale—W. C. Pitfield & Co.
price
July
high
at
a
104.40, a basis of about
Due serially on July 15
3.368%.
1943
to
1957
incl.
Other
bids:
Bidder—
Dyment,
Rate Bid
Anderson
&
Co
1C4.03
Bank
of
Nova
Scotia, Halifax.;..,...
Bell, Gouinlock & Co..,,..,v
Fairclough
&
Co.......
Royal Bank of Canada, of Montreal...
...........
Forest Hill,
Bond Sale—F. L.
103.93
103.80
103.09
102.97
.
Ont.
Craig, Ltd. of
purchased
on
July 8 a
$76,375.81
3V2%
local
improvement bonds at a price of
total
of
101.66.
Co.
100.63
on
of
$12,000 4%
improvement bonds
of
from
awarded
were
issue
an
was
Second
made
high bid of 101.588
by Cochran, Murray &
of Toronto.
.1.3'
Hamilton, Ont.
Treasury Bills Sold—An
2.6'
ioo.52
1.8'
25,975
100.11
1.5:
10,000
100.33
i.ir
40,000
.1943-1947
r
1943-1947
100.34
,
issue
1.4:
DEBENTURES SOLD BY CANADIAN MUNICIPALITIES
} ■•;..*
,
-.(Dominion
-
Amount
1943-1962
r$15,700,000
•45,000,000
192,831,000
2231
Carleton
Fort
of)__________iy2
of)__
(Dominion
Co.,
William,
of
$300,00 treasury bills
on
*'
:
,_3y2
;
Ont.^
C._^__
Midland,
2326
Nova
2232
Ontario
41
2231
Sootia
(Province
(Province
Ouehec -<Province
1943-1945
Restigouche
Co.,
4
S
loan;
1~5C
100
4%
improvement bonds
$18,000
was
sold
to
McLeod, Young, Weir & Co. of
Toronto, at a price of 104.78.
;
1943-1957
102.45
40,000
:
•
100
r300,000
I9T3YY52
1,000,000
2-3
z
QUEBEC
103
97,183
1945-1953
r20,000,000
3'A,
1957
r9,800,000
4'/a
1962
55,000
Canadian municipal bonds sold in June_^___^__$239,860,933
•Temporary
3.7?
37,750
3
of)
N,
Bonds Sold—An issue of
•
Bp11'
•
__3-3'/2
of),-
of)_—
.
Price
•45,000,000
3'/2
Ridge Dist./B.
Ont,
2231
JUNE
•45,000,000
of
Ont.„_
IN
Maturity
*
;
D.
S.
.
1947-1962
__2.20
Y._
N.
1°4'>-1953
Basi*
790,000
2.12
:
Price
100,000
Glasgow, N. S.
'
2231 Maple
_23A
New
*
2143
..—214
Texas
1.17
d40,000
•
was
was sold
July 7 to Gardiner, Wardrop,
McBride, Ltd. of Toronto, at 1%
i
' All
of. the above sales (unless otherwise noted) are for
Dated July 7, 1942 and
May. interest.
These additional May issues will make the total.sales (not
including .due Oct. 5, 1942.
V'V
temporary or RFC and PWA loans) for that month $30,798,098.
Kincardine, Ont.
Somerville, Mass.
Canada-(Dominion
issues)...3v2
D.,
100.46
94,000
2326
(4
1945-1962
Okla.~ (March)u.u/.__
Canada
T379
2.0r
$100,000
.^_/.__iy4
•2138, Peabody, Mass.
Pryor
Amount
1945-1964
$19,600 bonds
Bond Sale—The Royal Bank
:
Toronto
Maturity
.
price of
100.85
a
made by Stanbury & Co.
following additional sales which
502,. Wash.™____2'/2
Ind.
40' Canada
100.63
19,500
0.91
100
k$32,278,124
1943-1962
3'/2
2231
rl59,OO0
«.-■
—
____2
'
1.31
.
11,800
3V2
...
—
N.
1943-1951
1943-1954
...1V2
—
Dak.
Tex.
S.
Pointe
Mich.
;
;•
1943-1947
-
municipalities
Rate
;;
1:00
1/74
«
1~00~30
245,000
1-2,396,000
,
P"p^,No.
Nnme
• •
Rate
2231: British Columbia (Province of,>-2-3%
2143 Canada " (Dominion of)__—
2;75i
16, S. C
Stockton,
Park
,
3
——lVa
Mass.—
Co.,
2325
-
,
iy2
Iowa
Ind.
Iowa
River,
2^326
,
1
—
;
29,500
-
1942-1979
the
1.50
100
43,500
Okla.
4.00
10Q
1944-1947
Enid,
1;66
I
75,000
1944-1963
Ky._2V2-2%
2229
100
1-43,600
1955-1969
"
of
Rossford,-Ohio (3 issues) (April)_2
1;73 '2140L Sloan, .Nv,Y, (3 issues)™_-_-_^_1.60
V
83,505
'
1.9C
-
2230
Y02"^
1'21,500.
1945-1952
100.03
2229
15,000
^
La.——
A.,
2.75
100.16
r28,000
1.6r
(162
the
school
1.1C
1943-1952
at
sewer
entire
10
100.10
1945-1954
SCOTIA
for
■,
100.71
,
and
of Toronto
170,000
issues)
in
Second high bid of
1.69
330,000k
100,000
—L
"2142-Cranston, R. I
U 34 English,
Ind.
2138 Knox,-
60,000
30,000
1945-1956
:
:
Okla.
2142 Ferndale
1*75,000
,
100.02
11,000;
227,996
previous months:
Ardmore,
105,000
1959-1968
44,000 '
1944-1962
June
de¬
of
recorded
102.30.
i~8r
1943-1962
.1
learned
Name
1*35,000
1946-1966
S.' D.;-^Texas/—:/_4
in
Pp"eNo;
r22,000
:
1944-1963
2413
,
also
100
; .36 Elizabeth, N. J.„r—r——23A
2231. El
Paso
Co., Texas.—
_13A
.
have
41,000
600,000
—l——2Va
2413
-We
occurred
*
1943-1961
for
value
been
NOVA
1.4:
100.57
k Not
100.02
1952-1967
benison, Texas
2227
4.00
100.22
dl8,000)
-
l%-2y2
separate
of the
have
-
including $79,228,511 temporary loans or funds obtained by
municipalities from agencies of the Federal Government. r Refunding bonds.
States and
100
12,400
-
1943-1952
issues)
sales
205
2138
Texas—_-i—_r.L21/2-23A
Co.,
d Optional,
50,000
1943-1958
:
(4
or¬
1.3F
i-l'/a
._Z
_z
bond
25,000
1944-1960
Dalhart, Texas,.A-—--:-4 *
2413
1.72
'
1944-1964
issues)._Li3/4-3
(3
3,000
4.5C
134
Mass;
covering
.*
(
*100
100.34
ri53,ooo:
1943-1961
Municipal H. Auth, N.Y..2-3
Zanesville City S. D., Ohio.—.l'A
.2141
48,740
■
Yonkers
'
issues)——
*
{
2229
1.945
100.21
1944-1947
1943"-~1947
issues)—
(2
1947-1956
1943-1957
Zeda
(2
1.-22
3,500
r
—
2%
Y.,™,——2V*
Colo,
———.--1—-3Mj.
Ga
Mo.
Worcester,
d94,000
1947
1945-1961
Plains, Wis;/..
Dist.,
2411
35,000
1944~-1952
Mich...
Pa.
39; Wilson, -N. C.
Woodward, Okla.
1.22
-
100.12
13,000
1945-1966
Calif.
Wichita,- Kan.
Wilkes-Barre,
Total
N.
2323 Crowder
■
13
l,
its final
Dartmouth, N. S.
Bond Sale—The Royal Bank of
Canada, of Montreal, was awarded
on July 6, $19,600 3V?.%
bonds, as
follows: $16,000 water and sewer
at a price of
100.85, and $3,600
Issue
1-20,000 "
.
Texas—.3
Ohio————2
D.
S.
Watsonville,
34
rd41,000
1942-1977
33
2413
1.50
*•
.
100.14 t
*
40
■;
1-26,000>
Vi-50,000
Ky..Z——•
,2227 Warren'Con.
in
the
favor of the adjustment.
on
;490,000 ;
1943-1945
Grove,
:Grove,
least 51%
bentures
1.6f
1952-1955
Va
Stream, N. Y.z———1.70
Ky.——
3
35. Vine
39
To o
1.6<
6,500"
l'A.
9,
procedure
adjustments,
debt
board does not make
2.4'
'
4——1 '/2
D.
Heights,
35. Vine
:
4.00
,
:
100.26
100.63
1943-1962
Texas...—„!
Green Co. S.
2324. Valley
2.11
*;
101.63
100
1-50,000
1943-1956
C.—3
C.—2%
Neb.
w—2
Co.,
3.50
V
16,000
2-3'A
Miss.,
Y.
S.
ioo
175,000
1943-1952
2.00
'
4,800
.'20,000
.3'A
;._4
Ohio——.
Manitoba
municipal
1.4C
1943-1952
Idaho—™
C.__
2412"Toledo, Ohio.".....
rd!9,000
1943-1957
S.
2229. University
"0:86
,
ioo
r
Co.,
Toledo,
23,
Texas.—Z——4.-.
1947-1956
A.,
9,
2326. Titus
\ 3.25
100
25,000
S. D.
City,
Timmonsville,
4.00
Too.09
dllO.OOO
1943-1966
1"43-1%3
.
Okla.
Co.,
2325
.
1954-1957
Mex.—————-—5
N.
2325
Texas,——4
School
Catlettsburg
2412
■>
90,000
.I—™
Ohio
Bethel,
39
Texas
2412
4,000
4
™__
'
.34 Teton Co.
•
cash
a
2.1(
T7J
1.31
.jj
100
12,000
1.3r
100.33
Too" 02
40: Tom
90,000
101.05
10,000
1952
1,75
ioo
1943-1946
100.76
50,000
'
1.6f
1.57
:
"
1944-1962
350,000
;
100.13
rd25,000
Twp. S.' D.,
Bazetta
Beacon,
l"79
V
100
d47,500
2.1(
60,000
40
V"
100.45
1-218,690
1943-1950
T%
S- D.;. N. J.„_J..w23/4
(State of)
iy2t-23A
Tennessee
1940,
term of such new debentures.
water
50,000
•2326
1951
Ohio
0.4E
Tie
r40,000
1.78
1946-1955
100
498,000
1947-1962
1.1.80
4
100.01
101.60
-•
1943-1967
»'
4
500,000
dlOO.OOO
;
1947-1962
Ohio..-..—2'/2
1.70
v
,
D.,
Suffolk, •; Va.
100.16
10L05
S.
2414
100
'
*
,
2228'Teaneck. Twp-
185,000
10,500
Tic
1-40,000
100.13
400,000
1946-1948
2.21
Y60.il
'100,000'
1943-1964
1—1.70
rl,392,000
•; 100.91
100.53
1943-1957
Suffolk, .Va.
1943-1962
89,000
2.10
1-25,000
r
2413
1.89
4,
100.16
2.24
100.26
20,000
■
.
1-20 years
Struthers,
1943-1958
1*115,000
Petite D.
2324
2323
Southeastern
100.007
1-12,000
1943-1944
—0.50
Wash..;various
2414
3.50
-
V->
1943-1952
2325
2.75
:
105.08 3
I;
16,000
1945-1962
1943-1962
1943-1962
1943-1962
z
Basis
"
Dec. 31,
premium will be paid represent¬
ing the present value of the inter¬
0.97
"
100.59 ?
r2,500 r
1943-1952
Ky.__
Minette,
Bay
100,000
1944-1973
Ala._™_™—
Co.,
Ballard
33
1*964,000
1947-1962
1%
—l'/a
Pa.™-™
Audubon, Iowa
34
2410
•
-1 ™—™-—-13A
Iowa
Price
100'
$8,500'.
1943-1952
FJa.'™——v,
Alba, Texas
Z
-4
Albany, N. Y. (3 issues),.——1.80
Albany, N. Y. (3 issues)——.1.80
Alexander Co. H. Auth., 111.—various
2226
Amount
Maturity
Rate
.—23A
i—^—
Ohio
2141
2326
'
Neb
Ainsworth,
2323
exchange for those
now
on
0~97
1943-1957
Y
3.25
100.01
1943-1957
N.
100
100.13
1961-1965
S. Dak.—
Corning,
1.22
1.44
.194,000 /
l'/2
Falls,
South
debentures
at
100.11
100.60
..
1-100,000
2.20
Sioux
38
■■
40,000
45,000
1943-1957
39
Following is a list of all of the issues sold during June:
in
value
1,
same
der until consents from holders of
rl20,000
Silver Bow Co. S. D. 1, Mont.——2'A
2142 Sioux Falls, S.
Dak™
—_l'/2
765,536,582
1.20
1959-1964
2323
614,446,413
151,639,581
™—
100.16
1943-1951
2142
112,050,839
1937.
2.24
.110,000
■■t
-
2V2
Auth.
Jan.
V
La.^
Calif.—
face
Under
■r45.000
l'A-l'/a
Housing
•100.07
150,000 ?:•
1956-1957
Marcos, Texas—
dated
in excess of 4M>%, calculated
semi-annually, for the unexpired
i
50,381 1
d400,000
2»/8
——
debentures
1941, will be issued to the
:
;
1945-1949
■
4i/2%
est
1943-1967
——2'A
Landry Parish,
2.25
103.56
1943-1962
Calif.—2'A
:
•100
26,360
-
31, 1940, will be set¬
tled by a cash payment of 75% of
such
arrears;
that new 25-year
¥23
'r43,653
1943-1949
-
in¬
terest to Dec.
TooYi
r29,000
1943-1950 "
issues)——-—.-1/
Sacramento
40
6 Months
64,735,885
—
1939-'T-»
1940™™™™
For the
:•
June
"
1934
—Y $32,278,124
1942.-
Month of
(2
Y.
the
of
In
r216,000 '
—3'/a-4
40: St.
-
Year—
\
Rye,
2409
'
Month of
N.
brief,
un¬
1951-1952
1945-1959m
Rome,
In
arrears
outstanding.
•
Rome, N. Y. (2 issues)
——1
Rutherford Co., N. C.- (3 issues) _3-3'A
2324
Board.
provides that
matured
1*10,000 j
1943-1958
2229
Utility
respect of present debentures
29,169
1944-1952
2229
a
lic
1.35
1943-1952
_3 '/4
Texas
ap¬
1.23
.
l'/a
Renton, Wash.
2231
been
100.27
20,000
l'A
Minn._
has
100.07
107,000
I'A-l'/a
Ohio
RedwoocT
committee
1.02
:
issues)—l'A
Mich
Falls,
In these figures temporary loans and bonds issued
by Canadian municipalities
'
Huron,
2228
months for
six
Port
2412,Ravenna,
Y
following table, show¬
and
1950-1951
,
(2
the
1.95
20,000
Miss._i——„-3 'A
Huron, Mich.
by
proved by the Municipal and Pub¬
100.66
f
.
2413 Port of the Dalles, Ore
:
/
.241.4 .Presidio "Co.", Texas.—j—3
This contrasts with 185
give the
Pike -.County,
1.68
1.829
1-37,000 ;
.
2'A
—
2323
States;-issuing
/Y;;"YyY ,r;''¥¥¥•'•■•¥¥/¥
.•
D., Texas
payment has been made on
either principal or interest.
Plan of refunding formulated
100.27
10,000
1944-1953
Paulding
1.24
100.23
100
"5,000 *
1
—2'/3
Co.," Ga.__
1/—
Paulsboro, N. J.--_i_-*_^ri//™^4'A
2409 Phoenix," Ariz. (2 issues) -_/-_„„5
1
permanent bonds and the number of separate
S. C
debentures
30,000
1943-1952
2409 Phoenix, Ariz. (4 issues)— „™-_2'A
.?'• 33. Pierce, Colo,
J—_
Juhe;Y938.:v^^;^*'i•
United
••34
26,
their
on
1, 1937, and since that date
25,000 f
1943-1947
/__/./--_^__"-_/.-_21A
S.
r
•2140
V '"'•Includes temporary securities
issued
l'A
¥.70
100.13
100.03
35,000;
2,267,000
1943-1947
Y.:_:/__1.40
N.
4,
r
,
1943-1952
Pa.„™„2
100.22
100.26
*
20,000 ;.
1-18,000
1943-1947
1943-1979
Brandon, according to report,
defaulted
Mar.
plan
1-48,795 '
*
.
1953
>
l'A
D.
-177,000
1945-1959
Conn.,-various
I„
R.
■214LNorwood", Ohio
,2229-Orangetown S.
955,286
None
1943-1952
1943-1969
Mich._„„l3A
2,
2230!North Versailles Twp.,
•
•
Newport,
2%
j____^._l'A
D.
400,000
-
24,000 .*'
D. 28, Ore./_2-2'A
Twp. S.
2,886-,000
9,250,000
i,
/'i
S.
Ind.
2227; Muskegon
Y
22,539,767
None
..
250,000
,
Muncie,
(3
1943-1951
Texas^.™——
Co.
.2409, New Haven H. Auth.,
.
in
Co.,
39,Multnomah
84,739,605 273,343,713 144,088,903
69,885,458
64,359,481 112,021,746
85,091,518
79,228,511
81,772,622
loans (permanent): ''
*:/•!>/.''.in Canada—239,860,933 807,054,400
U. S.
40.Motley
__1
issues)
Minn.
2409'Montgomery, Ala.
of
"V*V" 1938 /v
$ 'vYY
■'
32,278,124
S.)___
loans HU. 'S.Ui
•Temporary
Canadian
1941
various
Y.- ;/■¥•'
_
Permanent, loans
;
1942
.
f
' >
-
furnish
we
._Y
,
1.20
reports.
the School District
no
5,ooo
r
;
Holders'
newspaper
The
1.24
1949-1955
-
___._„__»l'/2-l3/4
Ore.
3.00
100.02
1944-1957
4
according to
city and
100
100.29
■.»
letter from
a
Debenture
Committee, 302 Bay St., Toronto,
7,600
1943-1952
__.__2'A
;;
2226'Mondamin, Iowa
39
1942-1946
■
™1'A
Minn.___
Miperal-Wells, Texas....
2411
•
1.18
Brandon
75,000
1943-1962
™«,_:
Z™™™l™lVi
Middletown, Ohio
100.28
:r50,000
1943-1952
2226
Metropolis, 111.
2141 ^Middletown, Ohio
V
1943-1952
i._/™l1A
..
bringing the city out of default
refunding its debenture debt
is suggested for consideration
by
debenture holders in
r50,000
Mex..u.
Mass.
241.1: Medford,
'
100.12
d8,000
'
•
Brandon, Man.
Proposed Refunding Plan—Plan
2.85
S.
2324:Malone,
a
*•
D.
1945-1957
2
(Continued from page 206)
100.13
bond
I
f .">>
-
Dak.™
S.
Co., Ohio_T,_V-™_-—™_1'A
2325 j McColl,, "S. C._;
3
i-. 35:Malden,
Mass. (2 issues)™™_^1 'A
to work - out Va
1.' /
3.21
110.53
100.07
2412
Government repre¬
.
100.05
1943-1946
60,4)00
-
plan providing for
100,000
.110,000
3'A
!
2412
with
concessions
2.15
:r25,000
2138s.Lowell,
refunding of the indebtedness of the Province of Alberta.
addition
3.00
100.55
6,000
_3'/a
t
1.91
100,
60,000
.
1943-1956
2412
$135,000^,-
agree
18,
Y.__^
100.98
30,000
30 years
1943-1971
City
Department
1943-1952
the failure of the conversations between representa¬
was
bondholders
1943-1952
__2.20
State and
2.13
1944-1955
36
the month
S.
Co.,
Falls
/ .le-Lewis &
A disappointing development in
bills.
450,000
101,28
Wash,..__23A
2412
by/the
2^.Vyears, thereby swelling the month's aggregate of
short-term Treasury
on,
Kettle
1'133,000
1943-1972
Basis
Price
,
2410>Lake Charles Housing Auth., La._2
2325 .Lake City S. D, 47, S. C._—™2%-3
$192,831,000 notes,•
Government marketed
borrowing to $239,860,933/' The Dominion also borrowed
000
Kenton
2142
1943-1959
3
Jackson -Co.
2138
re¥
revenues,
addition* to the financing
In
2139
ex¬
the fiscal position of the borrow¬
as
25,000
2
j.
Calif.
Hot Springs S. D.
2229-Ironton,-Ohio
pur¬
These offerings proved
of the Provinces.
number
a
ceedingly attractive to investors
for refunding:
Amount
3'/a
2326
the recent month
Maturity
3'A
(3 issuesU
2228. Hempstead,
N.
Y.
2412 Hempstead S. D. 28, N.
2409 Hot
Springs, .Ark.__^
,
207-
1944-1968
Dist., tnd.™2'A *
Sanitary
Co., Ky,
Harrisburg, 111.
2325 Harrison,
Ohio
Housing
;
Rate
Harlan
2137
In both instances, the securities were acquired as direct
,
jj
Name
Hammond
2410
provided by
was
bank investments.
»
Page No.
of
2226
short-term municipal
the
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4091
156
not included in total for month,
r
Refunding.-
"99"95
1.9r
Granby, Que.
Toe
Bond Offering—Sealed bids will
received
be
Treasurer
by
until
the
Secretary-
5 p.m.
on
Aue. 3
for the
or
purchase of $10,000 3V2%
4% improvement bonds. Dated
July 1, 1942.
1943
to
Due
1962 incl.
on
July 1 from
THE COMMERCIAL & FINANCIAL:CHRONICLE
298
r'
Redemption Calls and Sinking Fund
..;; When
■
Nftme of Company -1
Savannah
.
*•';
Best
Notices
Below will be found
Bliss
list of corporate
a
bonds, <notes,
Allied
Stores
bonds,
'
Power
Fund,
Bourjois,
12452
Cadwell
Calif.
2nd
1st
Print
Works,
Valley
1st
Gas
bonds
mtge.
_______Oct
.
bonds,
.
"
,
4 %
trust
Electrical
'"
1
—;
Fuel
&
Associates,
;lst
bonds, series. A, due
Engineers
1956——
Equipment
1st
Co.,
4Vis,
:
'
78
General
Water
General
Gas
series
A,
Electric
&
Works
Water
due
Co., Inc., 3 Vi %
■
162
1950
5%
t2184
Hosiery
Power
Kanawha
1st
Mills, Inc.,; capital. stock__________July 20 7
Light Co., 1st 47as, series A, due 1958—Sep
1
&
Bridge
&
i
-
I960
47a%] debs,,
7
1
i;;-f;
163
&\ Hampton
5s,
Ry.,, Gas
Electric
&
dated
Outlet
Co..
of
Niagara
Falls,
1st
mtge.
Co.,
__Aug
1st preference stock——.
1st mtge. 6s,
Heat
Safe
*
Light,
1947—
Harbor
Stanley
_
Ry.,
due
Co.
Power
due
Power
Corp.,
-V'-
;
1945-;.
Coi*
1st
83
165
1st 4%s,
1st
&
ref. 5s,
1st
t
&
ref.
6%
f.
s.
due
1945
in
this
165
'-9!''$iV4;:' ?:
pfd. A-____L_—
$1%
■:
* 55c
'•>
(quar.)____ ;:r:yf
Bridge
Corp:—"11
•
.
8-1
$50c
,%■ 94> 3
8-
$1V«
7
+1844
$6
8-
$1%
$1V2 '
6- T
»-
$2,
(final)-—8:%%
shs.
ord.
Co.,
class
Finance
A
10-
,,
8-
15c
;
„•
Public
Co.—
Service
1
'7 ,7
1
'
I
Foote
85
r.
1967_Aug
Aviation
&
Machine
60c
Fort
t2374
1st mtge.
(quar.)
Stock
Worth
Yards
+2288
General
Metals
+2288
Globe
Republic Ins. Co.
Granby
Power
.1
168
1
•
.
of Amer.
.
25c
,
Smelting
8-
,
I
.(s-a)i__v:-i—»-■-!2,*,■ $3-
(NY)..
9-.1 ;
2.
&
' 15c *.
4
—u___.
i'.v
"1
,
8-
11-.
'
'V7; 6%
Corporation
Investment News Department" * in the week' when
declared. 7/7 -*'v
'7.
^ c:;7
7
.•
announced this week are: 7
Per
\
American
preferred—
Amsterdam City NatT Bank
Anpleton
*
7%
Company,
preferred
Arnold
Print
Asbestos
Mfg.
Associated
7%
2nd
.
Dry Goods,
Atlanta
Atlantic
,
—
&
6%
1st
Charlotte
7-24
1
7-21
7-20
8-
1
'
7-20
a-
l
r
7-20
?
.
-
+$2
7-15
10-
2
8-12
•
•'
preferred
(A.
Air
:
$3%
$1'
$l3 /4
'
$10
8-
8-
1
\
Home
rt
Houston
.
'7%
$6
,
(monthly)
•8-8-
1:'":
8-
1 -
Sl3i'
•
1
'.+$1
•
'7-15
7?15
7-20
•
7-20
"7-27
■7-27
'
20C
common "(s-a")
"7-11
'
8-15"
t50c
_
8-
•7-15 ;>
$87 %c:
(quar.)
Equities
&
6
7-10
7-15"
15c •
.
;
10-1
37 Vic
10-
7-10
,
25c,
.
.
preferred (monthly)
Chatillon, $7 non-cum.-
Point
Manufacturing
prior lien
conv;
&
30c
7
w——.——
50C
A
'
:
7.21
9-21
:
7-17
'
,.8-1 .4
.
7-15
(quar.):_:
Corp
:
Life
Ins.
Co.
7-27
$i3a.
8-1
6c
7-10
:T
:
:
'7-27
'
is-a)
30c -:
pfd.; (quar,)
8-
6-30
1
20c •::.■ .8-
::
_____
5%
7-!0
8-1
Extra
Young-Davidson
y;.,
:
7-21
y
7-21
lc
■
preferred
National
1
:
7-21
4'-
10-10
90c
;.
9-1
8w
8-1
-
$2 Vi
y
(quar.I,—..
:
7-23
8-Jt
-$1
'
8-15
8- 5
.
8-
(quar.)
Crampton
V"
104:1
::
:
7-21
8< I
58 Vic
:•
7-31
8-15
.
41%c
class
);
4
9-15
.
:! 8-; I;-,
50c
!,
(monthly)^—-.-:
:
9-
1
8-20
9-t
+62 Vic
iquar.)__:„;
pfd.
10»
;
..10c.,
;
;
7-27
7-31
.
9-15
'
i.
10c
.
1
"
!:!.. $l.Vi.
v
•
7-21
7-27
.
8-10
25c
1st pfd. (quar.)
(quar.)
(monthly).—
•
:
7-31
;
30c
preferred
::
;
'
9-10
1
62 Vic 4 .7-31
Corp
7%
9-10
1
8-
87 Vic.
...
—
Inc.
Company
1
'
7-22
:
•
$i'/4.
—
.8-
7-22
:
1 '7-15
:
:
Mines,
$2c
7-30
7-20
,
Below
Scale
2nd
-
commons'rl'■;-$2*
(annual)..V:60c *
Rhode Island4-4"r "'
preferred
Trust Co.
Participating
Interchemlcal
of
preferred
Corp,,
*'7-15
.
.
-preceding table..
rr'. ~
7-15
v.
1
7-10
.
V
7r 6
7-
1
'
$1%
I
'
7-25
1
-
7-25
V 7-21
•■-9-1
Hatvester-.»7%, "pfd." (quarv)v__^f "v $!%•
Light 7%' pfd. iquar.);, $1%
Iowa .Power &
preferred
7-
1 •'
-.,6-15
,
Loew's
Louisiana
Power
Louisville
&
-
25c:
8-21
8-314
,
'
•
•$3y2-
-7-31:
■
7-25 :
7-21 '
■:,r t$2-
Name of Company
- , .
-
7-11
>■.
•
When
:/-*hare
V.lv'v
Holder*.
■,payable
0} Rec.'
•
;
:420c
9-
1
• -•.
'
8-15
(fluar.)_-__:__L^_:::.__.:_:
pfd;
fSl3^,- .; 10-9-15
lquar.$1V4 «*".t8r 1
7-17
Albers -Super Markers,"'Ihc.>pref.' (qua"r.)"_*_v:
Preferred (quar
15&.v'» 7-25;jV.'v7tiO
>
<
:
•
!--$lVa
10-1,
-
> V7-20
7%. perferred- (quar,)1—'
87Vic->
Alpha Portland Cement____i_-_::_:_-_"__V T
25c
'
(qUar.50c'
•'-.,7%,preferred'(quar.)
Common :(quar4-.f__*ij;__:_:*.;:::-:__VL-'r":"
8-10
,
* 50c- ' 12-31
r
9-21
»
7-31
v
9-
-9-30 ">
$1'%; ', 9-^30
7%. preferred .(quar.1
-
; l7- 1 )
."K,-.'V;. ;
9-25
.
Aluminujttt Manufacturers, common
_
Lanston
"'f
per
•
Allied Stores Corp. common-.—15c
Allentown-Bethlehem Gas Co.— *' " V-:"''-'-""-X11 -*:1..'
.
-
*'
jri
Altjerene Btonc Corp. of Virginia (irregular)"' ""'
6-15 '
5c.
.'8-28',: 8-11
Kings County /Trust Co, (quar_)2
—>20. ..-8- .1. *..7-25
Klein (D.) Emil
■10- 1:
9-21
Company,..commpiv-w__i_«..
•
425c.
,;
5%
7-20
preferred (quar.):____^___.r_-y_2__^2
.62yjc ;f 8-1:
.!
Mines ;„(Interim),:
•,;•
^^
& 1 Straus. lnc._'SOc'
7-25 'V" '7-16 !,i
.Aghpw-Surpass.Shoe Stores,-coniipdh (S4"a):L:""Vr"j40c»V !.'9» "1! -V.te-is .
.7% ; preferred!
V 8- 5
•:.7-'l".
Iquar.)"IVa
'
Alabama Power Co.j $5
.
Gold
.!•
';
'
Vr Extra
1
88-
,
.
I
'
Abraham1
6.
r'
8-
40c
..
•'
,
•••«!•
;
7-15
.
'^7-1°:
(quar.)31VuC
common
iquar:H__7:__*__"4_2j__C.4_l_
preferred
Kerr-Addison
give the dividends announced in previous
yet paid. The list does not include divi-,
dends announced; this .week, these
being given in the
we
weeks and not
:,c
7-31
'
International
6%
7-24
;•
1,
8-..1
(quar.)_t._^—
Company
Non-cumul.
Investors
8-14
84 T; '
$la/4""
-h
.
'
.
1
•
*
8-14 '
:•
1
9-
J—'"',/'1^>.30c
,*
'
preferred
6%
8•8-.
.
preferred"(quar.)_i__
Howe
; •
(Joseph) Co.,..6%. preferred (quar.)4_,''$1.%?-"
Light & Power commor^'Tmonthly) :.;■ 7; :30c ■
Common
7-20
1
'
7-20
8-
$1%
9-
1
9-
1
1
Boston
Theatres
(quar.)_i._wL_.
Light $6 pfd. (quar.)
Nashville RR. "(irregular)
&
Louisville,. Henderson & St. Louis Ry.-^
7-20''
+35c
f-
7-15
'
8-14
8-14
7-20
I
7-20
$4%
9-
1
8-20
$1
8-
1
7-25
Co.—:>-;'2Vv::2
t. 9-1
prior partic. pfd. (quar,)4_-V' /' 8%c
2d partic. preferred (quar;)-\* r: 45c'" V"9- .l
7-25
.
non-cum,
7-15
7-31
—_
-
-8-
*
Westgate-Greenland Oil (monthly.)
Wheeling & Lake Erie Ry.
.
1-
75c
V.-.1'1
(s-a)_l_V—
7-25
.
8-15
7%' non-cum.
:6%
7-27*
7-31
(s-a)
..
7-25
'7-25
"■
'
Wisconsin Public Service,
7-15
8-15
$1 xk
1
'
7-31
5c
Ry,
(quar.
f
-9-5
15c
Line
C.)
V
f
is-a)———_i.—I
(quar.)_
8-_ 1;
:1''11;.. 20c
& Co., commonv-t^-.v_-i---."-''>"' 1SOc
(G. A.)
7-29
-
'
*
20C *
f
-
Co.—
preferred
Winters
10-15
Acceptance Corp.—'■ ••«•>;'(;:V ;4,?
Wisconsin
7-15
7-20
^ 10-15
2
25c'
■_
iquar.
Bolt common..—'
6%
prior preferred A (quar.):
___!
Struthers Wells-Titusville $1%
pfd
Superior Portland Cement. Inc., class B_—
4%
7-23
.
1
&
Sovereign Investors,
7-25
,
8-15
8-
■
Monotype Machine
Lilly (Charles H.) .7%. preferred-^_'__'4—,
Lit Brothers, 6% preferred____v._^___'_c.^^;_
7-14
————
Fund,
-
60c
•;
11-
8-
5 Ms %
10-24 V f.
1:
8-.. 1
..
(s-a)
8414
.
8-10
*'
1
>
9-15
<
-9-15
•-
>
V-12-15 ;
12-31
12-15
•
"
•
t$23/4
(quar.)i
—
7
Macaroni
o/ Ree:
50c
.$l3i
V
nreferred-i
pfd.
------
Associated Insurance
Extra
—"—7
convertible
8r
50c
7
(liquidating)
$1.40
prefrred
---
;
(quar.)-—
Work
Holier*v
$1
7
(quar.)i
(N. Y.)
common—
When.
;7 8- 1 7/
I
is-a)
,
Co., 7%
7-7C-77
,:
8-1
15c'"'
Co;:<quar.),7——7-^.—.
American Sugar
Refining 7% pfd. (quar.)_i
Woolen
i.
Payable
50c
Fidelity
American
.
25c
ireducedi:—7—7
: *• *,
-
Share
■
7,—
——7_„_i-_+,
fA. S.)7Company;
(quar.)u.J——^-7
Corp.
; $2 preferred A is-a)—
American Equitable- Assur. Co. of N.- Y.
•
1
8-10
,
8-15
8-15
*
;
!
8-15;
'7-31
*
United N. J. RR. & Canal Co.'
(quar.)_:
8-25
•8-21
•••15c
Company (quar.)
Snider Packing Corporation
West
•7-20
-8-21
•8-15
6%
7-20
,
I
i._—
-
5%
7-31
1
7-30-9-15
•9-15
35c
$2.50
Tubize
'7-20
75c
12 Vic
:-f.... 6c
Silex
;
',7-20
•
and
•
(NY)
7-20
;
35c
Toledo Edison Co.,
7-27
8-15
40c-
?
(s-a)__
.
1'
7-20
a-1
12M(J
•
common—
(reduced- „quar.1
preferred ; (quar,)_,
Sharpe & Dohine, $3.50 pfd. A iquar.)
Signode Steel Strapping Co., com..
(quar.)
Swift
1
8-1.,
25c-
>•■■4
Common
7-25
8-
V
—
7-20
8-15
-
,
Hormel
I
7-2T
'
8-1 '
$2%
pfd. (s-a)_»:___^
(s-a)___—2
.
Co.
10-24
7-21 "
50c
t$l%
(A.) Co. 7% preferred1 (quar.)
$1 %
preferred-1 (quar.-)
^r/1 $1%
Dept. Stores 6% pfd._._____—+75c
Hedley Mascot Gold Mines (quar;)
72c
Harris
7
Volume
.
7-22
"
;
8--1
Corp.2_i___2---4--^-«2i—40c
Consolidated
Mining
Co., Ltd.; (quar.)
.
2
7-25
1
1
1
11-
-
50c;
Strawbridge & Clothier—' "1'1,
1
8-
25c
V-.-1
•
8-
31 Vic
Standard
f
1
7
;
!l ;.7-25*
8-15V
''
Securities
I
;
7-25
*
58VbC
■
•
preferred
1
7-20
7-20
25c
South Carolina Power
Co., $5
5
7-31
Foods
bonds,
::
8-15
iquar.)—~25c
Hosiery Co., '5%%
Bank
;
9-1
15c,
.
■
:
10-24
General
National
9-
-
7-29
9-19
,
-
+2288
Grace
.
7-15
11-' 2
1
+2288
7-22*'
-
15c
88
Corp.
7-22*
1
50c
7
Laundry
General Cable Corp., 7% preferred
&
1
i.
8-12 ;
'
Corp,-^7;^S)2:2-:2:;2.:';2'f'-
Galland i, Mercantile
::
8-
84
;
1"
8-10
41 %C'
■?
(reduced)
—
8-
50c
——
1
1
9-11,
a-
$1%;:
•
...—______
—Aug
-
1.:
•
:(3c..
'50c
'■
6%
9-11.
10-
$1 Vt
_
•;
pfd. A
(irregular)-1
(irregular ).
convertible preferred
(quar.)___—1—
convertible preferred (quar.)
60c
<
1
Gear
Bros.
Corp.^_
Rubber 6%
General
1950——
Discount.Co.-of Georgia— i
.:
9-11;
1:
7-20
8-1
•8-
*
7-14
-8-10-;
8-15 '
+88c
'
1
"
Scythes-&• Co., Ltd.,
7%
10-
Corporation.^—: 25c
Tire &
Common;
Then we follow with a second table in
show the dividends
previously announced, but
which have not yet been
paid. Further details and rec¬
ord of past dividend
payments in jmany cases are given
under the
company name in our ^'General
American
;
-
t75c".
,
quar.) _i:_—_V—:
Rich's.. Inc... (quar.(_
Rose's 5,-10 & 25c Stores
7-25
10- 1
$iy4'
7% pfd. (quar')'2.u2_21;%^;$1%.
copanion^-■■(irregular)r
IQc
Aug
1952-a—
Co.
7-17
.l',f
7-13
8-
B
(interim-)T4.—_____vti'''
Manufacturing Co., 5%- pfd. (quar.T-
Dillon
>
7-15
8-'1
11
ll-~2 \"
Scotten
;
'
8-318-31
15c"
Louis Screw
.
7-20
r
7.30
$1
$2**
V
7%
preferred (quar.)—_V—
V /
8an-Gorgonio Electric Corp., $6
pfd.-*,—V.,
7-23
7-20
V
;
■■-,4.:
8-20
-
Class
Rheem
St.
7-17
»
8-
$l3a'
•' $1 Wi
•
•
Common
;
86
week.
Line
•
f
f.
7-22—
Gregg
Enamel
Firestone
July 31
due
<fc
Co.,
Fairchild
85
we
Barge
1
7-27
:
>
.
6%V:preferred'-';(qu8r.)_^_u--7-:--2^------'2;
^ Dividends are grouped in two separate tables. In the
7 prst we bring together all the dividends announced the
American
7-27
-
7-31
.
-9-10
-
If"
8-23
...^._J_.u1—"50c..
(Dallas) .(quar.)^!:^30c
Danid Co.
Coe
Horn
Aloe
1
9-10
:
'
?
:
6-23
'
7-31
9-15
25c
.Reynolds (R. J,) Tobaccot comrtion';(Interim)
'
-
(reduced)_r;
■
iquar.)—
1
7-31
8-.1.
,
'
7-31 '
-
•
is-a)
Inc;,
B
7-20
v,'1
:'^>4Vil*:':,
75C
common; (initiali—:
A
7-20
•7-20 >
I
8-15
t40c
•;
-
(initial)
Fund,
v :
6-30 *
70c
vi
preferred
•7-14
8-
•
37 l/*c
-
7
Tool,
7-20
-
'(monthly•
&
*
8-15
Si Vi
monthly)
(monthly—a
preferred
8-
8-15
31 V4c
(s-a)——
'
V
7-29
r
vrr-si:' Vv 9-15
1
preferred
■'
$ 1V 4
(s-a)._—-
(Colorado)—
;
9-14
8-. 1 ••' •
8->l *S„i
■
34%c:
(quara;__.—"___4w^_v ^
Co.
: •V
50c
(quar.
9-14
1 ?
'•8-; 1
$1%.
>1
Vv
1
8-
"37 Vic.
pfd
preferred
'
62V2ciquar.)__>. 'v -35c '
'"a-;::?'l-50c>
lmonthly)— - • — 25c-
Gamble
A
.10-
410-. 1
58 %c
■
-
*'
41%c
preferred4:_^____^:4V; :
6%
7-14
7-
6-30
$l3i
\i?0< 6%
8-.14
-8-14
8-
common
&
Service
Class
7-20
.
9-1
<
iquar.)
Corp.,
(quae,)
-
preferred ;iquar.)
Faber
166
July 31
1946—
■
1
'
4
87'/ac:
(quar.)
Republic Investors
;
'
iquar.)__"J2_.I__"—-v
-—Aug
Aug
due
of.Cotnpany
1
9-
_10c
6-30
'
•22>/2c
'}
Mines
Republic Drill
*
*7-17-
-
*
•' ""'7-;l
$1'
>.
—•
7-17
:
7-23
4-1
(quar,)-—1
—
Wire
)
7-20
7-23
r,
Valley RR; Co.
8rl51.'
.
l:.::-::
8-1":
pfd..'. iquar.).—.
-*
-
: Sl'/av v.; 7-1
-:
(quar.)_:^ICZf'v*
pfd.
;
7-20
-
.
7-20
8-, ,i;).
•1
37>/2c
—_
pfdr
7-20
'
-
1
:,)'v 8-4
)
8-12
;
1
'"■I. 9-
; 40c
5%- pfd.
Coke 7%
l
8-
$1V4
(Philadelphia)—
Insulated
preferred
•
8-12
•: 25c
5%;•pfd.-'iqudr.U;
6%
conv.
&
8-
9-1'v'
f
(quar„)
Bureau
"•
'
8-12
;
Extra,
9- 1
*
1
'
:
1 1 V:
8-1
iquar.)—
Puget Sound Pulp & Timber
Pullman, Inc. iquqr.)—
:
1
,
84
DIVIDENDS
w"me
8-
7-20
9-15
■
.
"
1
1
9-
$X3i: 119-
Fertilizer' (quar.)—
■
7%
■r
7-31
-
1
:
&
6%
8-15
$3Vi
7-23
8-
8-15
.7-3,1
preferred.:
*
5%
7-15
'37Vic
6%
Public
.
*6-30
;'
&
Procter
1
7;- 3
common---__--_4—25c
Ltd.
Extra
Adams-Millis
.
7-30
$3* :.
Co.,
Electric
non-cumul.
Privateer
v
+40c
X
.
The dividends:
5
8-
&
Portland Gas
5
11
iirregular)
Corp.
Home- Insurance
;
;
Service
Philadelphia
.7-10.
;
'
15c
,(s-a»___
6%-pfd:
Investment Co;
$4
,
8-10
7%
current
8-
8-
8-15
•
7-31
50c
(quar.)
iquar.):^_^V:V—
r
Power & Light 7%
Peoria
.
7-15
;
■>.
V
6-24
1
7-20
Hearn
which
"7-2
1
9-
Corp.
Peoples Industrial Bank (N. Y.)'
Peoples National Bank (Brooklyn)
-
8-15
9-
i-
:
4
'
:t37V2C
.
;; $5 preferred' (quar.)—11"
$5.50
preferred
iquar.)
-
.
tSee
79- 8
:
pfd. A
Insurance
preferred
Penn
7-21
t- 7-27
9-30
•"
7-15
"
preferred (quar.)^___•
Manufacturing Co., common (quar.)_
7%
7-21
.
7-31
7-15
$6
,4 Paton
''11
"*/•,
8-15
60c
common.—i—L—7-.__._- :.
Corp.,♦
Co.,
Engineers
v.-:>
194S—
issue.
Shoe
Early &
165
2
7-7——7'.,—7--—Aug
•Announcements
r<y,^: *
!
7-31
12 y2c'
(quart)^;
fl
$1.06 Vi
i
_J.J;>__.i
"V:$2Vi-
V,.;4
9-1
4
1
8-15
433/4C
Guano
Pacific
7-20
8r15
8-
;
•
Interest—:
preferred
(quar.)
preferred (quar.i—
Pacific
7-23
8-1/
v
20c
'
(quar.)-———j
preferred
Ferro
—
Hospital Association,
-
J.), 5%
Fire
Gas
5%
7-23
'
7-31
$2
](s-a)
&;Light, 7% "pfd. {quar.)__;_l
r
—;
due
debentures, due
West Suburban
•
series B,
series C,
6s,
'
due
•-
7-31
20c
6
$2
,
'
preferred, (quar.)_i_.-
Fairbanks
debs., due 1950 Aug
57js series A,
;!
6
7-
25c
f1;'-':5 Wi
;•
;
7-
6
preferred
Pacific
9-15
1
6
-SI
-
8-31
1
-
+2098
1
Aug
1979—Aug
due
Co., 1st mtge. 3%% bonds,
United Printers & Publishers
(Inc) 67
& ref.
9-15
30-
^.-t'SlVi'
iquar.)—^.—
Employers Casualty Co.
1
—.Aug
7
Virginia Public Service Co.—»
'
25c
-
•
7-
.
25c
(monthly)' (monthly).—-—^.—______
7%
preferred
I monthly >.
.,
;.„,5'/2% 1st preferred, (monthly)
>
_
7-15"
7-10
7-25
1
7-
$1%
Illinois
Public
■
7-15
7,-15!
5c
common.—
(Charles F.)
6%
Vf:
7-31
~
8-1
$lVi
Dominguez Oil Fields
Dun & Bradstreet,
Inc.^L.ia^2'I^2t^,-^4:ai'-r.:::r
Duquesne Brewing Co. of Pittsburgh- (quar3 " -
83
f
mtge.
America—
Union Terminal
1st
pfd:.
__
(quar.
preferred
•
$2
83
-7
2
Stanley Rowland Clark Corp., 1st mtge. 6s, due 1946_Aug
Tampa Gas Co., 1st 5%s due 1956.
Tampa Gas Co., 1st 5s due 1961
Noyes
*
:
Water
of
&
8-15
/
Co,' com;
(quar.)
Inc.
Dixie-Vortex
t2462
Joseph
I quar.)
preferred
8%
■
472S,
-
allotment
Power
Distillers
t2288
1
Mfg. Co., Ltd., 1st mtge.'4Vis, due 4956_*l;i:_Sep
Fennsgrove Water Supply Co., 1st mtge. 5s,
due-1945—Sep
.Philadelphia Electric Co., 1st mtge. 5Vis, due 1972_i__Aug
FWi-New England
Theatres, Inc., 1st mtge. bonds, due
-
St.
-Sl% "
8-
1
____Nov
Baton
River Raisin Paper Co.,
•••
common^-
RR.- 4%
Cincinnati
Press,
Domestic
-7
5s,
1903
V
82
1944^__i^ui—•—«—__„Jan' 1
Norfolk-Portsmouth Bridge Corp,, 1st 6 Vis, due 1947**_Aug
1!
: North American
Co., 3 7a 7c debentures, due 1949—Aug
1,
3%%
debentures, due 1954—L—_^^„Aug
1
North Texas Co., 1st collat. lien
bonds, due 1957
July 31
Ontario .Power
•
Rai 1 way
Investment
Dictaphone
^
due
:
1 V
8-"l
8-
25c
Accumulated
1
:
^
/
:
1
9-
8-
•
7-
B
(quar,)____l:i^_i_fV,:i,_i._w:'
Co.,
(J.
York
7.-15
•
.
7-17
$1
preferred
•Ohio
7
SI Vi
■>;
Chicago & St. Louis Ry.—
paid)
4y2%
$6
164
-
9.
(Colo.) series
(s4a)—_—
Type
6%
preferred iquar.)
Norwalk Tire & Rubber, .7%
•
11839
Co.,
9 -15
:-v$5-
&
Diamond
Sep
News
& ref; mtge.
9-15
Co.
$1.50 conv. preferred
Northern Ohio Telephone
,
Ovy't^C''*
Corp;^'-:;f>t;<'^
Inter-Term.
&
Dallas
1
7
due
:
'
10c.
Wagon & Machine Co.__„_—.
Ltd., class A iquar.)..:'i\..$5c
Cuneo
July 21
shares—l—
$2
$10
-1
■
;
$2
B—
preferred
Process
Northern
7-15
*'
50c
40c
,
*
-
"8-15
quar,)_
—_
7-20
1"
,8-15
.
(quar.)——,.
England Fund ctfs. of benef,
New
-
,7-15
certificates.—.-.^.^
Crown Cork & Seal Co., Ltd. (quar,)v.ii—'
Crundin-Martin Mfg.- 7% pfd;;? (s-a)___._—
80
1
debentures; due 1952_/Oct
A
Association,
;
Newport
1st
Loan
7-16
8-1
&
class
Newberry
7-16
1
•
(quar.)__i_-i_;-r__;-_-.r___''_.
preferred
(25%-
163
Provident
1
1
7%
>7%
'■■1
7-18
8-
,
New
4 New
7-15
2
'
(quar.)
Company
Credit
80
1
Newark
1
8-
Hotels
t2459
.Long Island Lighting Co., 572%
Mcore Drop Forging Co.,. class
7-15
; V
(quar.
Cine
Covington
80
\
1953',July 20
.
8-18
8-
Corporate Investors,
t2185
1
•.4..
8-15
1
65c
Consolidated
.
due
1
1"
710c1
Securities
Paper
Common
1
Consolidated
9 "
Keeshin Freight Lines, Inc.,:3Vi% notes, due
1947——Aug
Kern (Ernst) Co., 57
debentures, due 1944
——Aug
.Lexington Ry.; 1st mortgage 5s, due 1949j
—Aug
Lexington Water Power Co., 572% conv. s. f.' debs.,
*
7-15
•
Terminal
mortgage bonds due 1948—July
City Gas Co., 1st mtge. 5s, due 1946——
—Aug
Kansas
7-15
918-
8-
75c
(irregular)
irregular)"
1
1
8-1
7.25
$1%
1
Savings & Trust Co. (Wash., D.C.)
Quarterly
•___11—.;
Neptune Meter Co., 8% pfd.- iquar.)
New Bedford
Cordage, common.,.:.,,...;.
'
8-
»
$4c; i
'
U311
Iowa
710c1 :-'V 9 -
7$iy4 ■' -
(quar.)'i_—J_4
(reduced
!
$1
' 20c
,
National
7-31
'-;44c
1 ■
Interstate
1
National
7-13
8-15
"
Service—
Investment
preferred
$2.40
.
—Aug
_
1
8-
Co.
;
$9%'
Nation-Wide
-
7-15
"
preference
America
Standish
1
;•
Liquidating
!
7-31
!
.162
1948
1
8■
1
8-
8-15
"
79
I S
1 :
due
8.
Myles
7-22
r?:*'-- 50c
Co., Ltd., 1st mtge, 6s) due. 1948—Sep
Houston Oil Co. of Texas 4lA% debentures,' due 1954__Aug
Indianapolis, Columbus & Southern Traction Co., 1st
bonds,
15c.
participating
Morris
7-24
37 Vic1
'
•
(s-a)
Public
preferred
Collins
162
mtge.
1
Corp;-•(quar,>r.iXiii-c:^'.:''•i:/i,
Co.
:
1
8-
•
1 •;
.
8-
73 8c
Common
$4.25
t2366
—Aug
due
of
'720c
(quar.)_t
Colgate-Palmolive-Peet
79
1
Aug
i
1st mtge. 6s,
Plan
1
7-22
^ «i^:' 'i 8" 1 ,>
Street
Cleveland
Co.—h"77.■■■
Corp., 1st lien 5s,.C;-v:'7
Great West Saddlery
8-
1
8-
37 %c
<quar.)_—
Electric
&
1943-.
Georgia Marble Co.,
1 t
,
8-15
$iy4
5%-partic. pfd. (quar,) '
Fund, special shares.-
Paper & Fibre,
Cincinnati
.
debs.____ Aug
.
(Cleveland)
$1
!'
•(quar.)—
preferred
Cincinnati
l',iv 7;7
Investors
(Bdpt.)
Bank
.
(quar.)„^^___ w
Cherry-Burrell Corp., common • (reduced)_._
5% preferred (quar.)—1
79
American
Bank
Plan
74c
preferred
6%
1st consol. mtge; 4% 7- bds., ser. A, due 1957_Aug 29 .
Frost Co., 1st lien &.nitge. 4Vi% bonds, due 1943_:
Sep
1>
General
American
Investors
Co., Inc., 3,Vi%
debs.,U
.General
Plan
$3
Light & Power-^-
preferred
Champion
Erie RR.,
.
Morris
Morris
Moody's Investors Service,
•
,7-20
-20c
_
pfd." (quar.)'_^<•
Inc.—
:
7-18
f
^
$7
7-31
■
•
(quar.)_^_^
Ltd.
Vermont
$6ya
161
1952
Arizona
Chain Store
160
1)
due
iquar.)
pfd. -(quar.v
1st
Water
sr 1
$1%
Y.)
preferred
$6
t2455
s
:
Consol.
8f20
5c*
Central
160
7
—July 20
mtge.
1944 7
due
Monmouth
8-14
7-20
; 8-;.l
Co/iNY)-—
Schuylkill Haven RR." <s-a)____
Corporation—1
9-15
25c'
*'
preferred ctfs. of beneticial interest.-.Liquidating
160
-
&
Dry
1
9-
1 68 3/4 cf
"
4%
14; sv; 78
—Aug
(quar.)
pfd. A
iquar.)_^.__:
B
preferred
160
collat.
&
mtge.
Mission
Central -Coal <fe Coke—■■"
160
1 \
Davega Stores Corp. 5%. pfd. stock_____:_____—.—:*_Aug 17.1
&
Rio Grande Western RR/,
trustees' ctfs.,
; : :
r
Gas
:
common,1,.;..
6%
Investors
$7
Denver
H
Mills,
preferred
Service
$6
l,i
IX
Mine Hill
8-14
!
16c f; .4
(s-a)__—^-4
preferred
Insurance
Central
v
,
8-14
1
.
75c
•
Extra
'
Series Q, 2%s; due Jan. 1, 1976—
Aug
1
Coosa Portland Cement Co., 1st mtge. 6s, due 1944_:__July 20
•Efenville Traction. & Power Co.,'1st .mtge.: 5$, due 1951_Sep.
9 i
series
(N.
Bakeries,
77
;
Eastern
5%
Vinegars,
Carolina
160
t
8-14
1
7-31
30c
Manufacturers Ins.
Semi-annual
I
$3
iquar.)
&
"Merchants
Holders
of Rec.
> Payable
snare
preferred.—-
50c v .lOi-l
; \
Investment
76
\
,
Series Ny 3%%, due Dec. 1, 1971———
—Aug
Series O, 3V*%, due June 15, 1968—J—.——Aug
Series P, 3%, due June 1,1969—„—L„_1—Aug
v
Co.
preferred
Canadian
f2453
.7
Bancorporation
8%
75c
optional cash-'
or
Ordinary shares
75
v
Marine
7-10
94
..
Ltd..,—.—
Linen
partic.
Canada
159
?:
7-25
,
9-
(quaj*.,) ,l/32nd
preferred
Canadian
due
-
•*
Name of Qpvipany^'
Refrigerating
When^
Per.;';
v
Manhattan
9r.
75c,
:
(quar.)-_--r---..--f-M--,-^
Canadian
159
1965__4-July 21
B3aw-Knox Co., 1st mtge. 3%%
bonds due 1950___„__Aug
1
Briggs-Long Realty Corp.. bonds dated 1936——-Aug
1
BUsh Terminal Co., 1st 4s, due 1952__..:__:____._July 24
Celanese Corp., 37
debentures, due 1955-L:—:__Aug
7
Cincinnati Gas & Electric Co., 1st 3 Vis; due 1966—:__Aug
I
Consolidated Gas Electric Light <Sr Power Co. of Baltimore 1st ref.
mtge. sinking fund bonds—
:
r
7
;
Mtge. & collat; trust ser. C 47?
;
Trust
Water
6%
tl827
Co.—
!
i
bonds,, due. 1968__July 21
Electric
&
74
Mtge. & collat. ti*ust ser. D 372%
is-a),---Ui.-^^-:-^\?
6-30
7r20
1:
,l'
"
of Rec.
3
8-15
$1.
"
.
Brass-^.L,_
$2.75
Fund,
Bullock's, Inc.,
t2452
Arnold
7-
$2'/a'
(s-a}_.—1
$1
,(s-a),_V—-4—i-*'": ';= '82 VeC '■
(Forest Hills)
Bullock
158
■7'
stock,
&
Inc.
Inc.
Bronxville
1:
1
common
Broadway Department Store,
5% preferred (quar.)
1
__
Ry., Bridge & Terminal Co.,
(quar.)
preferred
common
Boulevard Bank
1
1950
due
Blackstone
:
of
Boston
Aug
bonds,
Water
preferred
Aluminum
mortgage 5s due 1964___
—
.Sep
..Armour & Co. of Del., 1st mtge. 4s, ser. B, due 1955__Aug
Arkansas & Memphis
»
Co,_^--!_v—f-
"
74
1
Co.
RR.
Ridge Corp., $3 conv..pfd.
share
Page
1951—.
——:——-July 28
Corp. 1st and ref. mtge. 5% and 4Vi%
;
due
Arizona
Stone
&
Date
,,,
debenture bonds due 1951—Aug
Co., 1st mtge. serial & s. f.
4Vi%
Corp.,
Lime
W.)
convertible
Bohn
and the page number gives the location in which
were given in the "Chronicle." ;
*
;
American
Saco
convertible
•
Blue
the details
Company and Issue—
&
(E.
5%
6%
preferred
ers,
Compftny^.,.^,^,^,.^^,:40c
&
Biddeford
stocks called for redemption, including
those called under sinking fund provisions.
The date
indicates the redemption or last date for making tend¬
and
&
Monday, July. 20^1942"
Holders
rshare ^ Payable
Augusta
"
Common
5'4>
15c
;
•
is-a)
(s-a)^_;U^___i_. '
Company
/'.
8-
L-
7-25-
Amalgamated Sugar, 5%
1
7-17
Amerada
-
-
•
-
-
8-28
'
$2ya'
-8-15;
8-15.
Amerex
8-1.
8-
5
4V2%- preferred "
McGraw
Electric
(quar.)_:__"__2_"_l__'_4__'l4'"
Co.
(quar.)
25c
4 9-10
25c
Corp., common-(quar.)2'____-)_2__i'v :
Extra
9-10
8-15
8-15
" $1 Va
'
(quar.)' 12Vic
(quar.)__::___:_* ;
American Coach & Body /(Irregular)-*.
:___
American Envelope Co., 7% pref. A (quar.)
1
•
Masonite
pfd.
Corp.
7-28
Holding Corp.
American
8-15:
Petroleum
8-
-
$4
50c
"
non-cumul.'preferred
Lunkenheimer
?8•
$3
*
.
-
$l»/2-
___
9-
1
8-15
50c
8-
1
7-20
7%
Can
Co.
preferred
A
American
Extra
Home
••
-
Products
-
(s-a)-______, ".
8-
1
:
•
7-15*7-10
7-23*
7-20
-9-f
1
12-1
11-25
$iy4.-
8-15
8-
8-1
7-14*
>
8-25
$1%"".
(monthly)-.:—20c
(Newai'k)
-
8-15.
•,
:
$134
'
"
25c
-7-17
r
-8-1
quar.)' 75c
(quar.)_______i___—____
Insurance
7-31
(reduced s-a37Vic
(reduced
Aiperican Export Lines 5% preferred (quar.)
American
8-1
;50c
•
25c
___—5c
8
10- 4.
9-
10-1
9-3
3
:
Number 4091
156
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
-
209
,
When-
Holder1
Payable
ofReo.
Per
Share
Name of Company
Light &
American
Traction,
(quar.)__
com.
preferred (quar.)
American Paper Goods, 7 % pref. (qUar.)./
7%
preferred
(quar.)—
"
American Pulley Co. «___—-—-—'
American Seating Co.
*
$1%;-
Smelting
1st
& Refining,
preferred
American
Co.
Stove
Extra
(quar.)
—
American
57c
;
Viscose
Zinc, Lead
convertible
Anchor
4
6y27o
7-30
,
7-
—
—--
7%
6
3
Consolidated
8- 1
7-17
7-15
Co.
1
9-15
8-31
25c
8-20
8-
60c
8-
7-24
75c
7-20
7-
9-
!
J$l%
1
1
Cresson Consol. Gold Mining & Milling Co.—Reduced
quarterly
lc
8-15
15c
7-20
■;
|
I
*
Crown
i
'
'
7
Crum
7-15
.
8-
•
j
Culver &
i
Cumberland
8-24
1
;
5y2%
.
t
8-,1
1
Cummins
7-
.
6
■
8-1
7-20
7-15
'
!
(quar.)-—_—
(reduced)-.
7-31
pfd.
(quar.)—--—
Insurance
Extra
25c
7-15
!
preferred
(quar.)
Bathurst Pwr. & Pap. Co.. Ltd. c.1. A
10c
30c
{25c
Bangor Hydro-Electric
(quar.)
9-
Bayside National Bank of N. Y,; (s-a)i—__-
25c
Extra.-;—-—1—;—$1"
1st pfd. .(quar.)——M $$l'/2
Brummel
Beau
Benson
&
Bertram
Ties—
$6
{
Hedges $2
pref." (quar.)
conv.
Birtman
Electric
Co.,
'"
(quar.)-—-
common
.
Co.
Bloomingdale
Blue
—/"/-'
(reduced)—
Brothers,
Inc..
Ltd., 57c
Ribbon.Corp.
8-15
20c
•
7%
7-25 r
.
6%
1
7-
;
9
!
Airplane Co.; (resumed )-T——$1
Co., class A (quar.)
$1
Class; B, (quar.)--,,
Booth
Fisheries, $6
;
Boston
Edison
Bowser
(S.
second preferredi--^—- - .t$l%*"(quar.50c
Co.
8
'7-31 :■ :
-,
;
Bunte
Bush
Term.
Bush
preferred
Terminal
Byers
Blags.; rvc
Co., 5%
M,)
(A.
Co.,
(quar.)-^—4—-•
$1 %;
„
9-1
8-(l
<
t75c
,
preferred---———
accumulated—
7-15
the
due
$1.75
quarterly
Nov.
to Aug.
thereon
dividend' of•
and 'interest
1940,
1,
1—————
Calgary Power Co.,-Ltd., 6%
pfd. (quar.U—pfd. (quar.)—
California
Electric
California
Packing Corp., common
■5%
preferred
Callite
Power,
$3
(quar.);
(irregular
Northern
Power
Canada Southern Ry,
7<k
pfd.
Canadian Bank of Commerce
Canadian Bronze Co.,
'•■
5%
preferred
-
Ltd.
Canadian Foreign Investment STo
Canadian
Industries
Class
pfd. (quar.)
(quar.)
•
B
Oil
Canadian
Cos.
class
A
(quar.)
(quar.)
Class
■1
B
class
Boxes—
*
,
..
.
■
r\
6-30
6-30
V ,$5
8-15
8-
Eureka
Cold
Storage
Hudson
.Central
Gas
17c
common—
7-31
1
8-
5%
6Ci>
.7%
Power &
preferred
preferred
•
7%
preferred
Central
...
Railway Signal, pfd. "Class"A
Mills,
Ribbon
Century
pfd.
7%
(qtiar.)
(quar.)..—
5
Chain Store Real Estate Trust (Mass.)
(NY)
(quar.),.
(s-a)
5%
Willans G.
&
7-30
Gas
&
Electric
Cumulative
5'fo
6%
$2,75
conv.
pfd.
Columbus Foods,
5%
preferred
Commonwealth
Concord
(N.
Gas,
77o
7-10
8-
Passumpsic River RR.—
River Power,
6%' pfd.1 (quar.)x-
:
Stores—
2
8-
—
Corp.—
•
Ins.
Co.
(Ft.
,7-15
;7-25
7-15
7-25
•7-15
*
-7-20
7-
3
10-
1
9-30
17y2c
9-
1
Belt
Co.,
common
preferred
(quar.)
12-1
" $2%
9-1
10-1
RR.
7-20
50c
B
8-
Louisville
Gas
7-15-
Elec.
8-24
12-10
11-24
tlVe- >■/ 9-1
25c
9- 1
$iy4
12- 1
25c
12- 1
.
—-
25c
_____
(Ky.)
8-24
11-24.
9-10
50c
—
Co.
9-10
12-10-
50c
common—
8-
1
8-20
8-20
11-20
11-20
7-18*
$2
37y2c
'
8-1
7-17
7-25
6-30
25c
37V2C
7-28
7-25
5-29
/. $l"/a
$l8/«
(quar.)
Elec. (Del.), class A (quar.)
&
8
9-15
Co.—
(quar.)_—
Lunkenheimer
8-
910-
8%- second preferred
& Taylor,
Louisville Gas &
9-15
7-25
10-26-
$1V8
——
,
7-21
$l®/8
Loose-Wiles Biscuit Co.
8-20
37'/2c
Miami
Class
7-20
1^
./_
—
11-20
1
8-
pfd. A (quar.)_
(quar.
Original capital (quar.)
Original capital, (quar/—
Special guaranteed (quar.)
Special guaranteed (quar.)__
Longhorn Portland Cement Co.—
5% participating preferred (quar.)
,;;/
Participating
5% participating preferred (quar.)
Participating
8-20
17y2c
9-14
8-
8-
$1.10
-"7-31
,20c.
10- 1
11-
$1.10
7-15
7-15
6
7-14
30c
/
7-31;
7-31-
1
8-
t25c
.
Zv.
7-31
7-
8-15
8-
7-16
$1
,
Wayne)—
Printing], $3V2 prefen-ed—J
6V2%
Little
7-15
7-15
7-15-
30c
Liquid Carbonic Corp., 4'/2%
Lord
Jackson RR., 5l/a% pref. (s-a)
Wheeler
Link
v
—
Life
1
12-24
7-29
25c
/. {2c
37Vac
4__
common
8- 1;
75c
—
preferred '(quar..
$1,
Stores Corp., 4,/2(& preferred (quar.)
$iy8
Loan Corp., $3.50 preferred (quar.)_ ■■ 87'/2c
Natl.
12-31
,,7-25
75c
7-21
1
8-26
*
prior preferred
Ins.
(quar.)__
Co.
of
Phila.
(s-a)_
9-21
6-30
Co.—
preferred
7%
Brush
Gardner
$3
Co.,
AA
Co.
convertible
(quar.)
preferred
(quar.)__
Electric
Co.__
7-20
7-20
8-15
7-20
Gordon
Class
Shoe
& Belyea,
B
Great
Lakes
8- 1
7-20
Green
(H L)
8- 1
7-20
Greenfield
6%
'
8- 1
8-. 1
7-15
7-
Hammond
3
1
7-14
8-15
-
-
9-30
9-25
12-31
.
8- 1
I9t- It
7-
1
8-15:
Hat
'
7-20
8-
1
6-30
8-1
7-10*
$iy4
$iy4
8-
$l'/2
7-25
(incr. quar.)
8*■
7-
6
7-15
1
7-
1
7-10
t$2
1
8-
1
$1%
(quar.)**—
8-
J40c
8-
1
7-15
8-
1
7-
1
9-15
9-
8
8-
7-15
15c
50c
(quar.)
Co.,
6%
75c
pfd.
(quar.)
pfd.
1
8-15
8-
9-
1
.-7-20
7-
6
$1%
10-15
9-30
10c
7-20
(quar.)
6-24
Quarterly
—
8-
1
8-
1
7-15
;
,
$l5/8
8-1
7-15
!
preferred
(quar.)
(quar.)
$1%
$1%
25c
$1%
preferred
t$l
Mississippi Power & Light, $6 first pfd
+$1%
Mississippi Valley Trust (St. Louis) (quar.)
37y2c
Quarterly
37V2c
'
(Continued on Page 245)
Miller
7-15
68%c
——
—
Michigan Bakeries, Inc., $1 preferred
$7
(I.)
Sons
Co.,
Inc.
87c
8-31
8-15
11-14
7-31
7-20
8- 1
9- 1
8- 1
8- 1
8- 1
8- 1
12-22
7-15
7-15
8-29
11-28
7-20
8-
1
7-11
8-14
8-
5
11-
5
7-15
6-30
7-
1
81-15
7-17-
7-17
7-17
7-17
9-
1
912912-
5
5
5
12-
1
9-
1
5
12-
1
10-
1
(St. Louis)
—
Quarterly
68%c
(quar.)
/
Mercantile-Commerce Bk. <5e Tr.
1
9-10
-
,
.
(quar—
preferred
'
7-15
10c
:
Corp. of America—
6y2% preferred <quar.)
8-
$1V2
Refractories—
Light
75c
.-.
(quar.)
5'/2%
1
Inc.
*
*
*
Electric
1
7-31
(quar.)_
——-—
6-26
7-10
7-20
______—
Co.. Gas & Elec. 5%% pfd.
McKales,
7-18
7-25
8-1
(quar—
Works—
_—
Hartford Times,
.
1
7
lc
preferred
p-eferred
Hartford
8-
25c
Ltd., class A
Harrisburg Gas, 7%
Harrisburg Railways
12-24
7-
Light—
Harbison-Walker
6%
7-20
(quar.)—
(quar——
Instrument
Common
7/51
8-
•
non-cum
7-20
6c
int.
(auar.)——
Co.
9-21
$1
benef.
(quar.).
Engineering
Gas
7-20
l
$iy8
Mines
1
1
35c
(Boston)
(increased quar.)
7% preferred
8-
1
8-
10c
_
(quar.)
Corp., $5 preferred
Corp.
8-
10-
75c
——
4.
$4.50 pfd.
Gotham Hosiery,
8-15
35c
Inc.
7-17
,7-15
25c
Baking Co,,■■common--.——
Mills,
7-29
7-31
_____
McCall
15c
(quar.)
General Foods
General
6-30
Luzerne
7-15
60c
_______
*
General
7-21
7-20
7-20
$13/4
Investors Trust
(s-a)—/ 30c
Mack Trucks, Inc.
■:
$1
Madison Square Garden™
—_______
25c
Magnin (I.) & Co. 67c preferred (quar.)___
$1V2
67c preferred (quar.)
$1V2
Marshall Field & Co. (quar.)___™__—20c
Massachusetts Investors Trust
(irregular)—
24c
Massawippi Valley RR, (s-a)—
—
$3
May Department Stores (quar.)
—
75c
Maytag Co., $6 1st preferred (quar.)__
$1V2
$3 preference (reduced)
——
25c
Melville Shoe Corp. common
(quar.)
—
50c
57c preferred
(quar.)——
$1%
.Mercantile Acceptance Corp. of California—
57c preferred (quar.)—
—
25c
5% preferred (quar.)
25c
67o preferred (quar.)——
30c
6% preferred (quar.)
—
30c
7-20
1
7-31
30c
common
Corp.,
8- 1
8-31
11-30
8- 1
9- 1
8- 1
3
8-
20c
(quar.)
Denver
Corporation (quar.)___
_________
35c
McClatchy Newspapers, 7%
pref. (quar.)__
433/4c
1%
preferred (quar.)_____
—43%c
McCrory Stores 5r!c pfd. (quar.)__—__—__
$1%
Mclntyre Porcupine Mines, Ltd. (quar.)
{55V2c
McLelian Stores Co. 6% pfd." (quar.)
—
$1V2
8-
20c
(quar.)_:
com.
A
common
(quar—
preferred
$1.31%
10- 1
1-2-43
9- 1
preferred (quar.)—
6V2% preferred (quar.)
6 »/2 %
50c
!___
Malting
(quar.
7-15
8-15
8-15
$l'/a
2
$3
;
Extra
11-24
Gillette Safety Razor, $5 preferred
Gimbel Bros. $6 pfd. (quar.)
*
$3
(s-a)-
9-
12-
8-
8-31
General Motors
.
9-11
,
7-31
.
11-30
General
..
Co.
5
,
,12-11
,
35c
(quar.)__
(quar.)____.__4_v_
Cement
5
12-
{50c
t.
(quar.)*.*__*..;
pfd.
:
t
9-
7-15
8-1
...
9-11
$2
7-21
;
-
$1%,,
,■
11- 5
9-15
12-15.
;
$l3/4
.
7-15
i"'*'
11-16
$l3/4
.
Navigation, .(interim)—-
&
12-24,
7-25
{50c
Corp.____
Mines
9-22
10-1
t•***."*--'
•
7-10
40c
8-12
-
•
1
(quar.)__
7-10
..
-
8-11
/;•„
:
;
$1M».,
7-31
(quar.)____
Louis)
8-15
$$l'/2
—
,
6preferred
(St.
7-31
4c
'
Coal
Lincoln
:
10-
25c
(quar.)—.———
Common
4
$$l'/a
&
(Pittsburgh)
Bank
8-28
t50c
—
(Toronto)—
12-15
(quar.)*./-;—$1.18%
Bank
7-25
.-
:
k
$1 fa.. 1-1-43
Extra
V 9-15
& Rubber Co.*—, ;.25c
7-31
(auar.)
preferred-
Life Assurance
Quarterly
Connecticut
9- 1
7-20
$1.62
(reduced)
Quarterly
Connecticut
7-21
8-14
,
—
Co.
Investment
H.)
Confederation
(quar.)
Edison
9-30
12-18
:
.
General
„
$1V4
~
(quar.)—_
common
preferred
50c
43%c
———
Co.
&
Portland
Lerner
9-16
10-
40c
683/4C
—
1
$iy»
(quar.)
(quar.)
Grandview
common
preferred
,
7-20
Corp.—
Columbus & Southern Ohio Electric—
6V2%
10-19
$1V2
(quar.)
Commonwealth
8-1
11?- 2
$1V4
S1V4
(quar.)
i
25c
Tire
&
Gold
47p
8-21
$1
25c
(quar.)__
(quar.)
3c
(quar.) /
preferred
Sl'A
t3c
series
preference
Pictures
Co,
Sons,
General
preferred series A (quar.)
Columbia
&
(William)
preferred
$1.20
Corp.—
preferred 51o
cumulative
$5
preferred
Fuller
.
$1V4
15c
Iron———>
Columbia
,
— •/
Extra"
•
(interim)
Fuel
15c
—
Froedtert Grain &
Ry.
Colorado
.
(s-a)
$5
(quar.)—-—
Mines, Ltd.
preferred
Cochenour
Lehigh
Lincoln
Franklin Fire
7-15
■
—
Lehigh
Leitch
7-25
8-17
Fort Wayne &
•
preferred (quar.)——„———
SlVb
preferred (quar.)—
—$iy2
Chile
Copper Co
—50c
Chilton Company
(increased quar.)_
15c
common
7-17
7-25
8-31
(quar.)________
com
7%
V,
6%
*
$1%
*•
Liberty
7%
6%
6%
City Title Insurance Co. (N. Y.) (quar.)
.Cleveland
Cine. Chicago & St. Louis
9-18
11-1
10-16
1
*
,
Cinn., New Orleans & Texas Pacific Ry. Co. :
5% preferred (quar.)—_—4.
Rubber
7-15
Fitzsimmons
<
>
Lee
11-20
"
Y.)
Foster
10-1
10c
Valiey Gas Co., 6%
7-11
$l'/2
(accum.)
(F&R)
7-20.,
9- 1
..
preference
77-18 '
8-1
—50c
,
•
7
7
7-11
8- 1
(accum.)
Lazarus
.
25c...
(quar.)
convertible
7-
7-
7-20
7-24
$iy2
& Sessions
Lebanon
10-24
•'
7-13
7-10
7-31
"7-31
*
1
7%; convertible preference
1
National
7-10*
6
7-25
7-31
1
7-28
;_4_;30c '
7%
6
; 7-
8-. 1
8-
10c
"Lawyers Title Insurance Co. (Richmond, Va.)
6%
preferred (s-a)____i__"______l
1
8-
Quarterly
...
Chicago Wilmington & Franklin Coal Co.—
m
10-17,
15c
(irreg.)
com.
preferred
1
First
7-20
7-
: 7-18
20c
(quar.)
preferred Mquar.)
1
National
7-17
t
8-25
8-1
11- 2
<15c
$iy4
Stores" (irregular)**:
preferred
9-
Metallurgical,
43/4%
Furnace_____
7-15
9-1
,
$1.06%
—_—___
7-6
"•8-1/
$2
&
Department
Common
*
$l*/4
(quar.)
Stove
"10c
AVi% preferred (quar.); $1.06"A
(quar.)**-******-.****,*--*.*;
1%
preferred (quar.)
.Lane Bryant 7%. pfd. (quar.)
Langley's, Ltd.—
* *
:
*r ' •
..
'; 7-
8-1
11- 2
25c
? /
(quar.)
preferred
-7%
12-17
1
8-
30c
30c
7-15
Landis Machine Co.—
;
10-20
8-1
$iy4
$l»/2
7-15
12-
First
7-20
1
i$iy2-/■■ 7-21
•
*
Field-(Marshall)
8-20
8-
1
7-21
6-30
8-10-
1
1
(quar.)—Z
Siy*
Line "——i—50c
Firestone Tire
,8- 1
20c
8-
1
9-
8-
Knitting Mills, common__l:_____
preferred A (quar.)—$iy4
7-15
1
70c
(s-a)„_—_——
4
6-30
"7-20
30c
1
LamSon
7-25 " ' 7-10
$iy8
(s-a)_4__t4_i._4-_
Share
preferred
.
"Filene's
7-27
8-
Chesapeake Corp. (Md.)—
:
Liquidation distribution of 50c * cash* for •
7 v,
each share of Chesapeake Corp.
held,
c.
and 1/10 of a share of common stock of
;
Chesapeake & Ohio Ry. Co.—•_——
\'t—.,
•
RR;
7-20
t75c
"
1
6%
;
9
1
6%
1
/*
(quar.)
&
7-15
8-1
Shares Trust—.„i———U—Cerro de Pasco Copper_._;_;_._.————$1
.
Nemours & Co.—
8-
5
8-
12-27
40c:
/.
7-
6-30
(quar.)
common
(quar.)_,
6% first preferred (quar.)______________
7second preferred (quar.)__________^_
7-13
11-1
..i.**—
1
7-20
8-
preferred
i 9-30
/
8-15
15c
8-
t81l/4c
—
Co. vtc.
Laclede-.Christy Clay Products Co.—
!
1
,15c
Fidelity it Deposit Co. of Md. '(quar.)/./*—" " '*'••
7-15
8- 1
8-
■l;.:i/l',/ .v.i"-; i- l/:—1VI
/,
7-21
; „../'
Knickerbocker Insurance.Co. pf N. Y..(s-a)_
Water Works, 6%-preferred (quar.)
.
* 8- 1
l i
1
.
'
'./15c
*
2
8-
Kokomo
8-20
r
"8-15:
/
,*
7-10
7-15
75c
$iy4
7-
$1%
Kroger Grocery & Baking, common
8-1
10-
1
87%c
Kennedy's, Jnc, pommon
King Seeley-Corp. /resumed)
8-20
8-20
$3
*i
;
..*
■
'
;
2
8-
8-
Kaufmann
7-15
-
9-1
; i
t$l%
7-
83/4c
pfd.
Power Co.—
Kellogg Switchboard & Supply,
5% preferred (quar.
6-30
7-15
ilOc
,,.t/
7-15
1
12-
Kalamazoo
7-15
,7-15
i
7-15
r,
1
8-
30c
4y4%
/
7-31
f50c
8-
Ltd.—
-
5%
\ 7-31
ill/
{$!%
Canada,
t87,/2c
Jewell Tea Co., Inc.,
7-14
v.- ..v
9- 1M
•.
7-15
11-10
Jantzen
7-10
:
8- 1
-
y
(quar.)_
$2J/2
Department Stores com. (quar.)_
35c
4y4% convertible preferred (quar.)_i_4**__ :.$1.06V4
Fibreboard Products, Inc., 6% pr. pfd. (quar.)
$iy2
6-30
9- 1
$1
$1%'
42c
Century
Chase National Bank
*
Extra
(quar.)——2-"-——$1V4
*8-1
Light, 6r/o pfd. (quar.)_—$V/2- '- 8r 1
*
'* t$L -: 8-. 1 ;
(quar.)$l3/4
8- 1
—
t$1.16%
8- 1
preferred
,
Federated
Central New York Power Corp.—
Central
:
. 0
I
common
(quar.)10c
preferred (quar.)__444
20c
*8%
8-11
7-20
i -t$2y2
7-15
8-
Ironrite
7-10
: 8- 1
/ 8- 11
;
.
$4
Pipe
N.
7-10
9-
$l'/4
1
.
-
1$5 preferred (quar.) _________
Farmers & Traders Life Ins. Co. (Syracuse,
6-17
9-15
;
1
Quarterly
Ironer,
12-23
-
8-1
9c
l*-.viy2c
Fansteel
8-15.
1
V;
—,
preferred A
■§%
•...
,
.
.!
.V—
(quar.)
of
1
8-
t$l,/a
(accum.)
Co.
Electric Light &
7-15
8-
(quar.
Iron Fireman Mfg.
'
Ltd.—
Nickel
9-22*
25c
(reduced)
____—
-7-20
7-20
7-31
7-20
"
de
10-
7-21
$13/4
preference A
preferred
preferred A
6>/8% preferred B
6% preferred C
.-■/
'
v
6-30
7-31
10-10
(irregular)
Corp.
7%
12-19
10- 1
(irregular)20c
7-31
7-22
'
(quar.).—* 40c
Electric,
1
6-30
1
7- 3
7-20
9-1
*1
Falstaff Brewing Corp.,
8-11
8- 1
8-;l
7-
1-5-43
10c
<
Extra
■
*
J50c
Co.
&
'
.*
(s-a)——
(accum.)____4r____*__
I.)
Erie RR. $5
7-31
Carolina Clinchfield & Ohio Ry. (quar.)— L
V'$1 Vi
Cedar Rapids Mfg. & Power (quar.)j—-—-O; / 75c
Central
7-10
7-31
$$1
(accum.)_
A
7-10
6-27
•
———;
Wirebound
Canadian
$1.50
■'
*
1
Ltd.
Tool
approval of the SEC)
Interstate Department Stores—
7% preferred (quar.)__
Iowa
1
$iy2
{50c
(subject to the
8-20
8-
$2
Investments-1/ ...//ill; i
preferred
9-15
.'"v
:
non-cumulative preference (s-a)—2%,
Canadian Wallpaper Mfrs., class A_—:4$1 - /
Pacific Ry.—
Canadian
1
1
8-
(quar.)
7%
preferred
($5 par)
(quar.)__
International Utilities Corp., $3% prior
1
9-
(quar^.x™!.—. t$iy2
Pennsylvania
7-31
•
7%
12-23
$5 pfd.; (quar.) _____
$6 preferred
(quar.)________
____
Employers Casualty Co. (Dallas, Tex.) (quar.)
Quarterly
1
■
Employers Group Associates (quar.),
Eppens, Smith Co. (s-a)_—
—.
6
6-30
8- 1
12-23
*,_.
Electric Bond
6-30
8-
4——
*—
10- 1
<•
f$l'/2
UIV2
125c
—
.
1
8-
t$2
.»
.
1
8-
$13A
conv,
International
.
East
8-15
f8- 1
10-
preferred (quar.)___/._____L_l__*.*Rockaway RR. (s-a) _**.*_
(E.
•$4y2
7 4$iy4
t'ouar.).:——$50c
(quar.)
Converters
Canadian
DuPont
7-3 T,
6-20
•
7-20
10-1
preferred (quar.)—*.;
Corporation, common
7-22
t$2,
|37(4c
(quar.)—
common
5%
7-25
r
—
7-20
1
^I40c*
Common
7-31
:
1
■')'
Lie.j—
Duplan Corporation—
Common (irregular)
7-15*
8-15
,.
7-15
8-
6%
7-17
8-
Corp.
International Metal Industries, Ltd.—
;
6 % conv; preference (accum.)
7-17
1
75c
Trust
Common
7-15
1.
1
7-20
>
Chemical Co./common "(quar.)r——' *
..v 8- 6
-10c
tl5c.
SIV2
f$3V2 •'
(s-a)——
(quar.i.
7-16
*8-15
62V2C
•
.
--
com—
\"
8-
37'/2C
———
Ltd.,
5y2%
Dover .&
v
.~8- 1-
-
75c
.
(s-a)—
Starch Co.; Ltd.,
Canada
Corp.,
f$iv2
,
(quar.)—
Tungsten- Corp.
Canada
<
7-10
8- 1
8-
8-
$l3/4
Ltd.
preferred
Dravo
$1.9031
7-15
& Linoleum, Ltd. ' (quar.)
v ; J30c
Extra;.,*.*;—*.1—-—-*.—tlOc
Dow
)
(s-a)
Dominion Stores, Ltd. (resumed)
Dominion Tar & Chemical Co., Ltd.—j :
7-15
,i
7-24
$1% .V.; 12-23..
Cement
Dominion-Scottish
j
,
'
Representing
v
57^
-7-25;
t$6
7%- pfa.,
Shares,
.6%: preferred
8-25
5%
Bros.,
Machine
5
10-
t$iy2
Mach.
Holdings,
International
7-11
Dominion Gilcloth
7-17
•
International
7-
;$1%
preferred
Business
7-5
^
Dominion Bank of Canada (Toronto>
(quar)
Foundries & Steel, Ltd.— :i
>
7-15
7-10
International
7-30
9-15
$1
Inter-City Baking Co., Ltd
7-15
-
Dominion
.7-10
pfd.——™_-_u> /*• 19c;
8- 1*
Telep, )6% 2nd pfd. (quar.)
t$l%^ • 8-rlf.
Broulan" Porcupine Mines," Ltd/(quar..
43c I; .7-317
Buffalo Niagara & Eastern Power Corp.-^-;*7;'
*'/":7/;/,/V
-$5 preferred (quar.)_i_*.—1—.
; $1%
*
8-1-
1st
F.)
7-18
1
8-1
7-11
Ltd.—
shares
7-20
12-31
7-30
.0224c
;
Insurance group
9-30
1-2-43
20c
(St. Louis)—
Quarterly
Securities,
1
10-
{$3%
______
(irregular)
Industrial Bank <fc Trust Co.
:;'"rv
5% preferred (quar.)_,___
Dome. Mines,
7-10
British Columbia
participating
Dividend
!
7-15
7-20
8-:i r
62»/2c7
—*p/
7-
7-15
7-31
_____
7-22
2
$iy2
{$3%
;
Quarterly
Incorporated Investors
1^'
Distillers Corp.-Seagrams,
7-22
-
,7-23
.
Ami
Quarterly
.
—
—_______—
Co.—
Diocesan Investment
.
Boeing
Bon
6
$2
(quar.)
Match
Diamond Portland
7-15
.
preferred
Common
Diamond
9-^1- .8-25
$62%eivVJB- 1
(quar.)
pfd.
j
8-1
9-18
25c
(quar.)—
(quar.)—
Detroit-Michigan Stove Co.—
,.7%
preferred
(quar.)
j
I
8-
7-15
8-13
50c
Detroit Hillsdale & South Western RR.
8-25
-
10c
<
7-15
9-.1
,
8-1
8-
,
■:'!
8- '1/ *7-15
(quar.)l___-—_—
$l3/4;':
common (quar.)—-—'- " '"; 40c
/ Preferred
(quar.)
C—*': SIVz-*Blauner's (Phila.), $3 preferred (quar.)
75c.1
$7 preferred
Black-Clawson Co.,
Blaw-Knox
7-31
8- ,1
25c
..
7-18
preferred
9-21
7-15
75c
pfd.
7-21
7-15
1
preferred (quar.)—
$1%
Deposited Insurance Shares, series A———5 7/10c
Detroit Gasket & Mfg. Co. (quar,)—
/ 25c
"*7-31
8-15
I5cv" '
-1%
(N. Y.), 7%
8-17
1
1
8-
(quar.)__
1
8-
1
8-
(quar.)
9-
8-
7V2C
debs.
cum.
preferred
8-12
8-
7-18
$1%
1
{25c
1
—
9-
15c
Power
$iy»
(quar*)
7-11
(quar.)
8-
(quar.)__
7-18
1
$iy2
(quar.)
$iy2
(quar.)
9-15
1
8-
(quar.)
pfd.
Institutional
25c
1
8-
50c
(quar.)_
67e
10-22
—
10-
7-15
$l3/4
11- 2
tlOc
7-15
7-20
$iy4
common
Co., 7',/ preferred (quar.)
$6 preferred (quar.)
Imperial Life Assurance Co. (Toronto) —
9-15
5J/2%
:'t
7-13
Co., 8%
prior
conv.
{50c
1
1
Idaho
1
9-
8-
8-
7-25
7-24
*
9-15
—
pfd.
25c
$13/4
25c
Y.)
$iy2
'
(quar.)
non-cum.
preferred
7-17
8-15
6-30
1
9-30
*
common
7%
(N.
1
1
37V2c
(quar.)
Hardart
$1%
Denver Union Stockyards Co.—
;
7-15
8-1
8-15
50c
{15c V-
*
-
j
T- 1
Mfg.,
Rayon,
Dentist's Supply
7
7-1
:
7-28 '
10c
:
————
(John) & Sons (s-a)-;.****--™*!.*/''
Extra
8- 1
8-' 1
8-1
,
-Inc.
&
8-
9-
9-30
9-30
common.*
$2 cumulative preferred A
Delaware
.
Beatty Bros. 67c
Stores,
(quar.)—
preferred
Brothers,
Dennison Mfg.
7-10
8-
Drug
(quar.)
common
7-21
30c
30c
common
,
*
pfd—
(quar.)
Hummel-Ross Fibre,
10c
—
conv.
Corp.,
pfd.
conv.
(quar.)
$1%
9-30
10c
(quar.)„*,—
Co.
(quar.)
Mining Co. (monthly)
Dew, Ltd. (quar.)
57o
$1%
Light Co.—
7-25
7-31
preferred (quar.)
Hydro-Electric Securities, 5% pfd. B (s-a)__
9-
$2
8-15
Huttig Sash & Door 7%
8-14
$1V4
(extra)
&
(quar.)
Dayton Rubber
1
.*.'"
(quar.)—..
Water,- 5%
Davidson
"7-31
1
1
.....8-
RR.
8%
2
$1%
Power
Distillers,
preferred
7-31
7-9
preferred
Davenport
7-21
7-21
8-15
8-15
-
10c
.
—
____———
8-tl
75c
12V2c
—:—
(s-a)-+i_—
pfd.
8-
433/tC
—
(quar.)
(quar.)
—
County
Cunningham
-j
8-1
7%
$3'/2
(quar.)
Clinton
Port
(semi-annual)
7-31
7-
8-1
8- 1
pfd.
conv.
preferred
Sugar,
preferred
7
6-26
1
9-
..
$5
S%
American
5»/2%
j
7%
Drug,
Zellerbach,
& Forster,
Cuban
j
•
V
_.:_*.
7% pfd. (s-a)
preferred (quar.)
4
7-25
$1
Hussmann-Ligomer,
Crowell-Collier Publishing
Crown
.
7-
Mfg.—
1
3
8-
8-15
75c..
preferred
Honey
Horn
7-31
7-17
"
7%
8-15
i
7-15
8- 1
8-1*
Holly Sugar
5
1
Products
Electric
E.)
Horder's, Inc.
1
7-
8-15
(quar.)
Homestake
(N. Y.)—
Refining Common (quar.l
Corrugated Paper Box, 1% pfd. (accum.)
7-10
.
)
10-
(Chas.
of Rea.
$iy2
(quar.)
$4 conv. preference (quar.)_Hibbard, Spencer, Bartlett & Co.—
7-15
9-15
'
6%
Hires
Corn
8-
8-1
7-31
--{$1%
(quar.)
American
7-15
7-15
7-25
67o
preference
Rubber
1
8-15
$1%.
$2
Crocker-Wheeler
$1 '
' $1V4>
Wiborg Prdprietary, Ltd.—
Baldwin
8-
Monthly
;
Higgins Indus. Inc. 67c
5c
.
preferred A (quar.)—— 7
Atlas Powder Co., 5% conv. pfd; (quar.)—-
Badger Paper Mills,
6-26
25c
Exchange Bank & Trust Co.
Quarterly
'
$iy2
62y2c
convertible
Baltimore
7-15
8-15
1
7-20
..7-31
8-10
$1Mj
(increased)
Co.
1
1
8-
|
7-20
15c
{4c
__
City Elec.,' $6 pfd. (quar.)_——
Atlantic Rayon Corp., $2.50 prior preference
Atlantic Refining
Co.—
■
Wilcox
8-
9-
(quar.)*.
Corn
7-21
8- 1
"
50c
—_
Atlantic
&
pfd.
pfd.
7-24
15c
6%
$1%
Container Corp. of Amer. common—
'
7-15
CO.
Pay'ble
75c
Hershey Chocolate Corp. common
12l/2c
8%
Powder
Holders
When
Share
(irregular)
$iV4
(quar.)
Consolidated Retail Stores,
7-20
Hercules
7-6
Consolidated Royalty Oil Co., com. (quar.)_*.
Consumers Gas Co. (Reading, Pa.)
(irreg.)_
,
7-20
<
Corp.
8-3
Inc.
$1%
7
.
Babcock
s
-
7-
—
&
37'/4c
(quar.)__^.___L_
preferred (quar.)
Oil
Per
Name of Company
•-
8-
.
5V2Y0
of Rec.
!
7-31
8- 1
8- 1»
8- 1
8- 1
(irregular)—._
Anglo Canadian Telephone Co.—.
' - •
' ■
5Var/«
preferred
(quar.)
' {68%c
Anglo-Huronian, Ltd. (interim)-—10c
Appalachian Electric Power Co.— /
iV2% preferred (quar.)
Sl'/s
Associated Tel. Co., Ltd., $1.25 pfd. (quar.)
31V.C
Atchison, Topeka
& Santa
Fe Ry.
Co.—:
5%
non-cum.
preferred (s-a)
——,
,.:$2y2
Ault
Holders
Payable
Hayes Industries,
8-31*
Anglo Canadian Oil Co., Ltd.
4%
preferred
prior
When
share
.
..
___
Hocking Glass Corp., common
Common
*
Industries^ Inc.—
Consolidated Edison Co. *5 preferred (quar.)
Consolidated Laundries, $7J/2 pfd. (quar.)
preferred—-—t$l%
Cable
Company
Chemical
$1.50 part. pfd.. class A'(qUar.)„__/,
Consolidated Cigar Corp.—
& Smelting—
prior
Wire &
Anaconda
—r,
Corp., common
(quar.)__——
preferred
American
$5
(quar.)
__o.
"
12- 4
12-15
8-10
7-27
Name of
..
50c
$1%
30c
50c
50c
50c
;
,—_
American Thermos Bottle, com. cl. A
7-15
9-
.
$1%
common*-,-
(quar.)
Per
,
Consolidated
7-15
9-15
$1%
20c
50c
__
7%
„
37'/2c
6%
American
8- 1 ;
8-1
30c
,
,
1-
9-20
1-4312-20
8-1
8- 1
7-18
7-21
7-10
8-
1
7-ia
7-15
8- 1
7-21
11- 2
10-22
Capital Flotations In the United States During the Month
and for the Six Months of the Calendar Year 1942
The
$30,000,000
& Gas Co.;
Aluminum Co.
Electric
Service
through the capital issues market
in
June
aggregated $138,513,000, as compared-with
$108,898,100 reported for May and the average of $117,595,000 for the first five months of this year. The June
total is the second largest for any month this year, being
next to the January total of $170,032,190 but $65,794,159
less than the total of $204,307,159 reported for June, 1941.
Of the June corporate financing of $138,513,000, $76,827,430, or over 55.5% was for new capital and $61,685,570;
or 44.5% was for refunding purposes and compares with
the monthly average of $84 537,085 and $33,057,933, re¬
spectively, for the first five months of this year.
The month of June witnessed the first: railroad equipr
ihent trust certificate issues to come to market since the
War Production Board assumed control over the pur¬
chase of equipment by carriers last April.
These con¬
sisted of $2,120,000 2% equipments of the St. Louis-San
Francisco Ry. and $680,000 2% equipments of the Pere
Marquette Ry. Other prominent issues of the month
were $26,000,000 1st mortgage 3%% bonds and $10,500,€00 5% debentures of Virginia Public Service Co.; $15,000,000 1st and refunding bonds 3% series of Public
Corporate financing
•
'Monday, July 20, 1942
& FINANCIAL CHRONICLE
THE COMMERCIAL
210
of
debentures
Large Domestic ,Corporate Issues During the Half
3%,
15-year
of America;.,$15,000,000
Below
20-year' 3% sinking fund debentures of Standard Oil Co:
of Ohio, and $12,000,000 3%~ 1st mortgage bonds of El
Natural Gas Co,
Paso
>
.
of June
list the principal issues of securities
we
during the first half of 1942; giving at the
parentheses) the purpose of the issue:
privately during the month of June ag¬
•;
1
46%
or
j,
7-
•"'4
25,000,000
(expansion).
1962
Capital
Neic
Refunding
'
$
$
Marcli.
78.585,120
......
V
*1940
.
,:
75,609,375
,117,794,420
-
Consolidated
-
4
$
46,004.059
'
.-31,527,494
201.922,025
115,287,655'
363.435,985
186,112.817
617,987,420
804,100.237
113,001,268
107,180,735
■146,650,400
76.827.430
61.685.570
90,916,785
113,390,374
204.307,159
59,175,210
89,787,130
"9,771,328
611.933.859
--158,733,668
108.898,100
'
138.513,000
~
566.136,731;
■
101,476,480
378,254,222
536.987,890,
.
:
86,019.070
363,052,103
194,260,627,
417,673,232
226,975,234
726,488,088
380,373,444
1,035,660,652
1,416.034.096
271,734,936
831,389.685
499,512,854'
47,069,170
86,628,380
133,697,550'
49,833,450
242.447,950
401,829,900
195,656.013
67,938,134
68,006,465
112,893,538
65,594,785,
-185,778,049
420,936,273
1.252,325.958
1,709,838,943
47,728,100
345,346,770
93,942,646
393,074,870
262,885,785
334,579,682
396,778,240-
September
4 4
i
4408,73(5,626
731.183.463
1,358.107.489
2,147,217.559
103.661,200
97,050,220
200.711.420
89,427,250
42,384,100
131,811,359
168,943.139
76,792,513!
Nine months
.November., j
322.446.837
789,110,070
59,061,554
135,854,067
62,198,558
468.376.837
'278,869.797
-------4
4,.
...
4
....
,
,
.
.
APRIL
-I^
4".
Co». 20-year 3%
./'•••
Refining
&
Corp.
3(4%
Co.
serial
'
El Paso
Public
133.601,250
1972
4
.'
. <
'
.
4.
"4
,
(interest
short-term debti
Gas Co. Vk
1st mtge,
bank loans, etc.).
pay
Electric
Service
(capital
.
4
.
'V' vV:'
JUNE
Natural
"funding,
..
debentures
(pay
1952;(general corporate purposes).
15,000,000
fund
sinking
fund rlebentures
Co. 10-year 2Vz% sinking fund debentures,
R. II; Macy. &
444.; 4.4 4 ''
180,831,672
4444'''"'?'4'4
4 '4
Products
r:
44.
,
(pay bank loans, etc.).,
1949
(re-
1962
debentures,
replacements,
bonds,
:..
Gas Co.
&
1st
etc.).
(re-
1957
,4
;
4,
,..
3s,
& refunding
'.444 /
736,382.782
12.026.195.056
;
-
.
•
:
Aluminum
Co.
sinking
4 4-..).
1972
:
-
fund debentures,
4
.
y.
-4'\,
••'
debentures-:(general-cor"v / 4 , 4.
3%
America
of
Co,
purposes).-
334s,
mortgage
1st
4 4:'4'v"■ 4"4 ' ■ ."4
1957 (refunding).
.
v....porate
:
■
Service Co. S>%
Public
Virginia
3O.0OO.OOO
4'44 4
Service
V;','(refunding). "-' 4'1',44
$10,500,000
:.
Public
Virginia
26,000.000
.7'.'44
•
-(4.-j
.
...
—
'
Fourth quarter..
..1.
...
-
198.495,874
r
1 556.603,363
>
269,880,963
-
Oil. Co. of Ohio 3% sinking fund debentures,
1962 (refunding, repay bank loans, etc.). 4 /,
) y " 4
Standard
15,000,000
1,052.738,895"
'
-4.
"-'
Twelve months.
!•••••
11.058.991.033 r
615
.
,
2,762,577.838-
-
Private Sales
>
••
Revised.
Note—In
addition to revisions already
noted in previous issues of
LONG-TERM
Classification
Month
Public
1941
Jan.,
Add
June, 1941
Other Ind.
Public
*450,000
& Mfg.
Utility
*160,000
Add
July, 1941
Add
July,
1941
Miscellaneous
*3,500,000
Add
Oct.,
1941
Public
Utility
*400,000
Add
Dec.,
Add
Dec.,
Add
Add
Other
Dec., 1941
Add
1941
Ind.
&
Mfg.
*10,000,000
Miscellaneous
*5,000,000
Public
Utility
*1,250,000
Dec., 1941
Miscellaneous
*430,000
Dec., 1941
Public Utility
*275,000
1941
Utility
*15,000
Add
Dec.,
1941
Public
Add
Dec., 1941
Public
Utility'
*600,000
Add
Dec., 1941
Public
Utility
*150,000
Add
Dec., 1941
Public
Utility
*1,300,000
Add
Dec., 1941
Public
Utility
*4,000,000
Add
Feb.,
Miscellaneous
*1,500,000
Add
Mar.. 1942
Other
Add
Jan., 1941
Public Utility
*800,000
Add
Dec., 1941
1,062,500
Add
Dec., 1941
Public Utility
Other Ind. & Mfg.
1942
Ind.
& Mfg.
*5,500,000
BONDS
.
SHORT-TERM
^Indicates
issues
$206,317,
placed
refunding,
privately,
tNew
capital,
Allocation of
NOTES
Proceeds
r'.
; ,V'
"
BONDS
...
.
'■'
*
New
New
as
The
Capital
New
:
New
Capital
Capital
t
$538,762,300, which figures were the largest for any
The volume of private transactions in
the first six months of 1942 represented 30.3% of the
for
'
.
half-year period.
Refunding
Refunding
New
New
'V;.'
„
$New
$1,000,000.
capital,
$213,000;
ties in the
Following is
Results
of
§New
Year
the national endeavor to build
up the Nation's war production.
Plant expansion and
remodeling has been limited almost exclusively to those
Industries engaged in the production of essential war
material and borrowing for expansion has been advanced
sive activity based upon
by the Federal agencies. During the period corporate
Issues for new capital purposes aggregated $499,512,854,
$119,139,410 greater than the $380,373,444 reported for
Refunding operations took $226,-
eliminated.
However,
housing
authority bonds created
chase
dissolve
or
dispose of their subsidiaries.
;
(Philip)
ordered to
'
Central
;
-
<"
Central
includes
r
■
*
-
foreign corporations:
DOMESTIC
,
,
.
CORPORATE ISSUES--JAN.. 1
;
<■".
;
with $1,035,660,652 for the corre¬
sponding period of 1941 and the total corporate issues for
$726,488,088
as
against $1,416,034,096
Almost every class of security par¬
ticipated in the decline and refunding of outstanding se¬
curities played a much less important part than it did a
year ago.
Total railroad financing for the six months
was $22,100,000 compared with $222,943,000 in 1941; util¬
ities, $293,077,890 against $716,314,395, while other indus¬
trial and manufacturing aggregated $244,903,003 as com¬
in the 1941
period.
.
f.
:
Bondx and Notes
TO JUNE 30
194L....C..
1
1940=.
1939--.--
$603,435,000
1,257,492,300
124,821,590
Common Slocks
$94,013,308
144.024.525
801.060,500
1942-...;..
Preferred Stocks
933,136,300
<
92.089,240
$25,000,000
14,517,271
1,416,034,096
45,166,731
1,103.124,621
50,229.838
El
Paso
General
946.379,578
cates,
643 868,695
29.962.725
5 133.595
314.457,663
235,811,457
Power
4
148.565.526
83.830.672
1,789,410,620
2,515,747.098
1935
536,909,000
6,079,000
26.096,485
569,484,800
200.460,385
Humble
17.413,278
217,443,478
— ,-
.
1934--.-:
171,455,100
26,496,800
2,908,800
1933
195.705.200
4,325.000
Utility
Co
AND
FOREIGN
Bonds and Notes
CORPORATE
Preferred Stocks
Common
1942
— .
1941
...
19401939
1938.
1937
Oil Corp.
(March).
series 35,
Oil
19351934
19331
144.024.525
14,517,271
1,416.034,090
45,160,731
50,229,838
92,089,240
643,868,695
29,962.725
1,239,141,500
314,457,663
5,190,095
235,811.457
(G.
Long
2,583,747,098
83.830,672
26.096.485
201.660,385
17.413.278
,219,0 (3.478
1.
4.325.000.
6,079,000
35-year
3%
fund 3Mi%>
bonds,
due
1977,
1-15-year 1st preferred ship mtge. serial notes,
1943-Feb. 1, 1957 (average interest rate 2.80%),
v
Oct.
due
1st mtge. bonds, 1957, $12,000,000 (June).
Co.
Corp. 2l/2% equipment trust certifi¬
1942-April 1, 1952, $3,000,000 (April).
1,
promissory notes, due Jan,
3 V* %
-
■
1,
Power
R.)
Kinney
Inc.,
10-year 3V2'%
rates
2.50-
1st mtge. bonds, dup
1st mtge. bonds, series of 1970,
(Jan.).
Co.,
1, 1957,
,
Co, serial debentures (ipterest
1953-1962, $50,000,000 (May).
Refining
Light Co. 28-year 3%
1970, $2,000,000 (May).
Oil
Refining
$6,000,000
1.789,410,620
26,496,800
2,908,800
mtge.
4% due Jan. 1,
loan, 1943-1952, $1,350,000
(June).
Lion
1,009,379.578
679,027,515
148.565.526
&
$1,000,000
1,103,124.621
867,060,500
197.305,200-
1970,
124,821,590
1.257,492,300
933.136,300
1st mtge. sinking
1957, $275,000 (Feb.).
Kansas)
1st
Kentucky Utilities Co.
$726,488,088
$94,013,308
2,351,350,900536,909,000
172 655 100
1,
May
Co.
,
notes, due
American Transportation
2.95%), due May
Total
$29,039,780
$603,435,000
-
1936
Storks
4
(Feb.).
Refractories
$3,000,000 (Jan.).
ISSUES—JAN-.1 TO JUNE 30
(of
due Jan. 2,
Edison
Natural Gas Co. 3%
Indianapolis
DOMESTIC
4
-,
,
Light Co. unsecured 2Vz%, 2*U%
General
1936
1.239,141.500
2,313,350,900
1938.
1937-
Municipal financing for the half year totaled $332,341,-
$228,197,167 represented new money and
$104,144,478 was for refunding. In the first six months
of 1941, total municipal financing aggregated $604,755,539, of which $321,611,654 was for new money and $283,143,885 was for refunding. Except in war industry com¬
munities there are virtually no new municipal projects
so that this source of bond supply has been practically
&
due annually Feb. 1,
$18,000,000
$726,066,213
678,965,015
pared with $139,212,874 in 1941.
645, of which
Total
.-
$28,017,905.
,
York
West
Consolidated
:
975,234 as compared
the six months were
New
Power
Commonwealth
the first half of 1941.
'
debs., 1954. $2,000,000 (June). "" ""
Corp. 27/a% general mtge. bonds, due 1965,
Carey Mfg.' Co. 3%%
bonds, 'series A,
1
-
bonds, series B, due May 1,
1st mtge.
and 3%
setially OCt. 1, 1942-ApriL 1, 1952, $5,900,000 (April).
Central
porate issues by types of securities brought out in the
first half of each of the past 10 years; the second table
debs., $30,000,000 (June).
$350,000 (March).'
$1,000,000 (Feb.).
volume of cor¬
tabulation below we show the
the
In
<
units from holding companies
utility
1957,
,"44
15-year 3%
California Water Service Co.
1961,
bonds, due Jan. 1,
"4.44
«
,
1st mtge.. 4%
Gas Co.
Hampshire
Aluminum Co. of America
by municipalities, are appearing and;there is much dis¬
cussion- of the extent to which municipalities will pur¬
a
Inc.,,3% notes, due Oct. 1, 1950, $1,500,000 (Feb.).
Abraham & Straus,
New
with
of the figures for the past several years:
summary
Allied
the Half
list of all private issues which we have
reported in the first six months of 1942, together
New Capital
§ ■
$45,000.
concluded was a period of inten¬
>'
38% of the total.
a
$75,000, (May).
The six months just
In the first six months of 1941 pri¬
period.
Refunding
$387,000.
refunding,
through sales of their securi¬
total raised by corporations
Capital
Capital
/"
■
During the
1941,. 128 issues were sold privately
month of
first six
Capital
New
involved, $220,237,100, was
raised through the medium of private
sales since our records of these deals began.
,
New
of money
amount
total
also the smallest
t
Refunding
shares com. stock, par $100"
Knudsen Creamery Co. of California (100,527 shares com. stock, no par)
refunding,
Capital
Capital
New
vate deals were
Carolina Telephone & Telegraph Co. .(10,625
$250,000;
separately, in 1937, no six-months' period has produced
few issues as the 35 recorded in the period just ended.
Capital
New
4,
sales during
security
ings, as is evidenced by the presentation which appears
below.: Since we started to tabulate such transactions
Capital
Refunding
1944——D-—U
Philadelphia 3-year 4%. notes,
""
.
,,
Refunding
'
NOTES
AND
Keystone Telephone Co. of
"".STOCKS
251,317
Private
,
Keystone Telephone Co. of Philadelphia series B 3V2S, 1942-1956
Hoberg Paper Mills, Inc.,'1st mortgage 4%-serial bonds; 1947-1951.—l_.lv
Camden & Rockland Water Co. 1st mortgage 3'/2s, 1969—
—__
Family Loan Society, Inc., 2%.% sinking fund debentures, 1951_c_i—
Community Public Service Co. 1st mortgage 4s, 1964—
American Cyanamid Co. 2%% sinking fund debentures, 1956
American Investment,Co. of Illinois 10-year 2%% sinking fund debs,, 1951
Durham Telephone Co. 1st. mortgage ZVz% bonds, series B—__—
The Fair 20-year purchase money mortgage, 1942-1961—"+4-—r-^r-n——
Iowa Telephone & Telegraph Co. 1st mortgage 4% bonds, series A——.
Northwestern Wisconsin Electric Co. 1st 5s, series A__——J——
,
South Carolina Continental Telephone Co. 1st mortgage 4s, series B_—
Southeastern Telephone Co. 3Vis, .series'A, 1971
:
Union Telephone Co. 1st mortgage 3Mis, series)
<1—._v_—1——
West Coast Telephone Co. 3Vis, 1971——Li
,
Abraham & Straus, Inc., 3 % notes, 1950———...——
Union Bag & Paper Co. 3% % sinking fund debentures,—
•
thejfirst half of 1942
show a marked decrease both in volume and number of
individual issues in comparison with previous record^
the-following changes have been made:
the "Chronicle,'
AND
of Securities in the Half -Year
' >
•
Name of Issue—
Amount
'"$3,500,000
Utility
Add
or
rate
interest
(average
(construction),
Distillers
Humble-Oil
12,000,000
292,281,400
i
773,869,098
3^0
,
October..........
capital,
'
.
.
rate . 2.50%-2.90%),
1953-1962
capital expenditures).
r
■
....
■
*
.
,
Third quarter
December
161.391.300
;
■
Island Lighting Co. 3%% sinking
.(refunding, pay bank loans, etc.). 4
12,000,000
606,714,322
-457,512,985
34,264,713
August.
•"
equipment).
Tohacco
debentures,
7
1.103^ 124.621
>
74,427,157,
i-lS-ryear
Corp.
1971
'r---44":'-' '.''"4.:!
327.403,743
/
,
(princi-
1972
•
.
Long
4; 4V
■
■
277.033,033
juiy
-
sinking fund debs,,
10-year if/e
pay bank loans, etc.).-,'--
National
4i
50,000,000
.:
251,672.652174,067.430
111,247,808.
84.280.300
Six months
,
•
:
1st mtge. 3%s,
Co.
t'':'^4 ''''''V'iMAY
.15,000,000
Second quarter..
•
Oil
3%s,
American
;v410,tjoo,000
:135,326-,541
192,497,442
18,527,000
5,806,500
39,469,665'
63.874,177.
>•
lien
1st
&
■
marine
funding,
4-
.
.7."
257.345.640
453,135.463
115.641,093
197.102,123: 4260,976,309
'
r
mtge.
•
,
173,464,550
137,994,832
211,341.581
103,799.050
35,469.718
328,616.342
273,561.870
403*091,600
...ii'.
June..
Total
$
%
'
1st
Co.
Union Electric. Co. of Missouri 1st mtge. .& collateral trust
4'44
■■
Line
notes payable),
structlon
100,000,000-
4/ {' ' 1 44 ;,, •;
Refunding
New Capital
227,012,100'
•,
1977
3S,
35-year
mtge.
/"-J
Pipe
Corp.
4'''^''
"
27,5,687,665
1st
,2.80%.) preferred ship mtge. serial notes, 1943-1957 (con-
,
97.114,093
Anril.
.
170,032,190
,j
'
140,956,164
222.479,821
First quarter...
May
'18,900,500
39,209.309
$
$ l"4
•
52,928,677.
46,549,770
86,631,370 -
"
$
-
82.846.364
56,708,875
February—
.
-
87.185,826
January
Eastern
1952 (pay
1941 AND 1940
Total
,*
v.
.
(refunding).
Schenlcy Distillers
,10,000,000
4' 7'-.-'
'.
MARCH
,
'*1941
(general
1967
.
Co.
Pennsylvania Electric
.
Refunding
..
pally refunding).
,
7
(refunding),
...
,
'•.• ••*•-
Panhandle
•
Capital
..
f
FEBRUARY
Edison
3s,
.
New
-
V/zs; 1972
mtge.
.
Commonwealth
.
,
Total.
"
.
«
;-4f _4
44'.';
1st
California 3%, debentures,
purposes),,,.
:
-•
financing for June totaled $32,278,124 as
V;
'
compared with $30,798,098 in May and $85,091,518 in
10,000,000
"
June, 194.L Of the total for June $17,594,201 was for ne\v
money purposes and $1.4,683,923 was for refunding, v..: " -'l::
i Below vye present a tabulation of figures since Janu¬
"32,500,COO
'.
ary i
1940,. showing the different monthly amounts of
45,000,000
corporate financing as revised to date. Further revisions
)
•
»
of the 1942 figures will undoubtedly be necessary from
48,000,000
time to-time, particularly as additional private financing
.;•/
is brought to light in. annual reports and other places, r
i *■
'
*1942
Co.
./(working capital, etc.). '
N
FIGURES BY MONTHS. 1942,
"
i\
•
,-
tJnited Aircraft Corp, (265,669 shares) 5%- preferred stock
bonds
SUMMARY OF CORPORATE
Power
corporate
-
Municipal
:
JANUARY-
- ■
.
Union Oil Co. of
26,566,900
$42,738,100, or 36.3% in March; $34,745,in February, and $5,800,000, or 3.4% in
8.23% in April;
000,
Alabama
15,000,000
$9,554,000, or
$62,400,000, or: slightly over 57.3 % in May;
;•
,
$80,000,000
gregated $65,000,000, .or 46.9%.. of the month's"corporate
comprising eight issues and compares with
emissions,
January.
time (in
same
(
1
Issues placed
Year
placed
Island
Co.
3%%" 1st
mtge.
bonds,
due
Feb.
1,
1956,
(Feb.),
Lighting
Co. 3%%
sinking fund debentures, $10,000,000
(May).
569.484,800
Louisville
,
4
Transmission
bonds,.due March 1,
Corp. 25-year 1st mtge. sinking fund 3M»%
1967, $3,850,000 (March).
•Volume
Mead
serial bonds, maturing semi-annually. Oct.
1st mtge. 3 Va %
Corp.
1945-April 15,
15,
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4091
156
(March).
$6,000,000
1955,
Michigan Gas & Electric Co.
,
,
'
.
50% basis.
i
the
1972, $3,500,000
1st mtge. 33/4S, series A,
(June).
.
$750,000 ( June).
1942-1952',
Co. 3Va % ' debs.,
Jan.
(N. J.)
Water
1,1972, $175,000
1st mtge. bonds, series A, due
Supply Co.
(May>.
Philadelphia Electric Co.'48,221 shares of $4.40 preferred stock
$100),
$4,822,100
>
(March).
Philadelphia Transportation
D, $1,386,000 (March),.
Vincent's
St.
$1,800,000
Sheller
f
Hospital,
(Jan.).
Mfg.
$400,000
,
mtge.
1st
15-year
x
3J/a%
Corp.
■■■••
1st
Co.
(Feb.).
$970,000
1956,
.
April
fund
bonds,
Oil
Co.
Ohio
of
4%
1st mtge.
(Mo.)
,
■
.
series A,
due
$15,000,000
.......
Bag
Paper
.
(May).
•
t
.Z'V
■.
„
PRIVATE CORPORATE FINANCING
—
,•
—.
'
='•
.
-"V
$550,000,000 in June.
The
■A'
87
'
28;,.
91-day Treas.
15—
2% Treas. bonds
215
$538,562,300
$418,775,000
K. Depositary bonds
lu Tax anticip'n notes*.
Jan.f
Feb.
on
war in
history.
an
kinds
2,931,105,133
same as
150,049,000
91-day Treas. bills..
91-d*y Treas. bills*.
150.012,000
150,445,000
251. 2k'% Treas. bonds—
1,512,334.200
It.
1:. Depositary bonds...
It. Tax antlcip'n notes-
U. S, Savings bonds.
February total...
$4,500,000,000 of the
new money was
$4,167,815,252
obtained
was
from
sale
The Treasury prefers to
war
Percent, of total volume......
38.0
34.9
36.6
1940— Number of Issues...........
65
92
$507,580,385
,Y...
157
$834,540,289
30.6
000.598,000
150,477,000
150,477,000
150,194,000
150,273,000
....
Treas.
-
bills..
137
Mar;
1—
'
Depositary bonds .*.
1:. Tax anticip'n notes:.
of
1,402.730,682
'
-
April
'
■'
1—
"
!
.
■
•
450,944.000
951,786,682
7,287,609,682
Total 3 months
i
150,262,656
564,506,283
2,230,000
234.783,400
2,230,000
>
231,788,400
March total...,
2,566,425.300
4,721,184,382
•
78-day Treas. bills..
150,435,000
8— 72-day Treas. bills..
April 15— 91-day Treas. bills..
April 22— 91-day Treas. bills..
150,414,000
150,073,000
150,058,000
April 29*. 91-day Treas. bills..
hopes thereby to divert
much
as
..U.S. Savings bonds...
June
1—Depositary bonds....
1,615,000
1..Tax anticip'n notes.*..
150,058.000
1,507;035,000
536,395,455
Jan.
IS'OVOW.OOO"
,
150,125,000
Api 1115-..Ctfs. of i idebtedness—
cur¬
150,435,000
150,414,000
'
April
much
possible by the sale of these non-transfer¬
as
able securities and
150,262,000
91-day Treat, bills..
It. U, S; Savings bonds.
Jan.
2,353,115,867
564,506,282
Mar,25..
pushed
as
......
254,682,200
150,125,000
1,507" ,035",000
30.2
71
for
pay
126.119,475
150,104,000
150,273,000
An ad¬
the
710.837,192
3,825,000
91-day Treas. bills..
4—
Mar. 18t. 91-day
raised by the sale
'
\
1,512,334,200
710,837,192
3,825,000
126,119,475
2.953.713,867
Mar,
About
obligations, certificates and bills.
150,049,000
'Marjlll. 91-day Treat, bills..
of all
money.
1,416,281.833
150,012,000
150,445^000
June
in May.,
securities
150,092,000
91-day Treas. bills..
Feb.
During the period the Treasury
new
1,514,883,300
150,092,000
Feb.<18L.
Treasury expendi¬
aggregate of $19,369,446,427 of
4,865,000
237,750,525
Feb. lit.
Feb. 251*
record, chiefly to finance the
including $14,031,142,827 for
1,074",029,308
4:865,000
237,750,525
--
Feb.
highest
150,330,000
150,074,000
1,013,839,300
'
4i, 91-day Treat, bills..
Jan.
saw
49,797,000
49,840,000
just under
were
$641,929,039, about the
$957,337,300
Volume..
UIm
—
Volume...
Percent of total volume..
V
$326,959,904
.*.
29.6
_...
'
-Y'
.....
66
$309,980,000
$418,577,500
Percent of total volume......
Y;Y;30.7
35,3
1939—Number of issues.
I,
Volume——
M
'
_ —. —
f
f
33.2
*..
$229,828,780
$450,683,000
$680,511,780
.........
Voluaie.
"Y
'
YY127
$305,991,000
30.8
33.8
•
'
64
1937—Number of issues.*
L._
$728,557,500
Percent of total volume...
31.8
:
53
$456,302,094
18.7
New Financing
Y
happens from time to time that owners of large
blocks of securities which have been outstanding for
time, desiring to liquidate all or part of their hold¬
ings, prefer to do so by making a public offering of the
,1;
,
■
.
After the start of the European
had beeh extraordinarily large
in
,
War, these offerings
months, chiefly
some
due, no doubt, ,to the activities of the British Govern¬
ment in liquidating the American securities which it
chases voluntarily on a
of curbing inflation¬
far opposed making purchase
every
effort to obtain
Apr! total_..t
pur¬
sufficiently large scale to offset
The
of the program
success
tion, lacking which, there
150,400,000
May, 13*. 91-day Treas. bills..
250.692,000
150,019,000
May 20i. 91-day Treas. bills!_
May 27.. 91-day Treas. bills..
May 15.. 2% Treas. bonds....
251,726,000
150,012,000
259,986,000
150,445,000
.
UNITED
no
on
public
coopera¬
alternative but to
Date
In the first half of 1942, the sec¬
ondary distributions which have come to our notice, had
aggregate value of $57,519,975, compared with $249,703,341 and $62,943,144 in the first half of 1941 and 1940,
respectively.
>
>
<
/
;
'
:
Of course, these transactions are no different, in effect,*
from the sales of such securities oh one of the exchanges
5—
1.. U. S. Savings bonds.
June
lT_ Depositary bonds...
Jan.
1—
and the companies
involved receive no part of the pro¬
the over-the-counter market,
Such offerings as these have no place
compilations of new issues, but we have tabulated
them separately for whatever interest they may have on
their own account, and present the results in the table
Offered
■Dated
2.. Jan. > 7
Jan.423.
71
YY.
ISSUES
NOT
REPRESENTING
NEW
FINANCING
Y
^.YV:
'
j
'•"} Yv
1939
1940
1941
1942
1938
;
Awplled for
$
$
14,726,274
5,953,125
8,630,596
60,081,270
22,145,201
38,916,634
16,191,866
36,377,356
28,876,706
13,570,162
7,590,999
82,102,729
279,655
10,080,151
57,519,975
249,703,341
$
.L
8,241,790
February
March...
3.294,562
April.
May
■
i
■
Jan. 1-31- Jan.
Jan, 1-31. June
22,096,368
,
251,301,030
150,194,000
333,993,000
150,273,000
150,435,009
'
301,249,000
1,588,495,000
150,814,000
1,588,495,000
641,929,039
641.929,039
:
.
99.970
*0.119%
*0.196%
*0.231%
2%
150,330,000
150,074,000
1,013,839,300
1,074,029,308
99.950
99.942
100
a
1
12 years
4.865,000
4,865,000
237,750,525
237,750,525
100
January
Jan.
30.
Feb.
6-
'
Feb. v 4
(91
days
-91
days
410,057,000
399,966,000
150,049,000
99.937
342,087,000
150,012,000
i 99.993
99.933
Feb.
1-28 June
Feb.
"days
385,802,00d
12 years
2 years
126,119,475
1-28 Jan.
1
•
1
*
1
:
710,837,192
3,825,000
126,119,475
3,825,000
Februar y total.
Feb.' 27.1
99.994
150,445,000
4,696,698,550
710,837,192
1,512,334,200
10-12 yrs.
1-28 Feb.
Feb.
91
150,092,000
25 13 1-3 yrs.
13- Feb.
Mar.
91
5101228,000
days
days
100
a
'
91
days
471,349,000
535,476,000
91
days
512,778,000
150, 262,000
99.953
99.942
99.951
1
10-12 yrs.
564,506,282
564, 506,282
1-31 June
1
12 years
2,230,000
2, 230,000
100
1
2 years
234,788,400
234, 788,400
50,692,000
81,605,000
months.
2% '
356 653,000
150, 435,000
99.952
3.. April
150, 073,000
99.929
April 17.: April 22
91 days
332 677,000
150, 058,000
91 days
375 372,000
150, .125,000
April 15 Nov 1, '42
3,062 ,250,000
1,507, 035,000'
536 ,395,455
,695,000
536, 395,455=
1, 695,000
100
254 ,682,200
254, 682,200
.4
.
5,259,100
1,164,950
5,714,434
April
fl_.
1
Apr, 1-30. June
1
12 years
1
: 2 years
11,573,907
10-12 yrs.
66,876,758
Apr. 1-30.
April
Total 4
total
1
-
99.920
99.915
100
*
;
of the
small
Financing by
government agencies, which in the past decade reached
huge proportions, disappeared altogether since October,
1941, as a new policy put into effect by the Treasury
at that time provides for the monetary needs of these
agencies to be taken care of, during the emergency at
least, by direct United States Treasury issues instead of
by the sale of their own guaranteed obligations.
Joint Stock Land Banks.
months
;
'
91 days
1.. May
6
8— May
13
91
days
-
r
354,590,000
516,350,000
150,400,000
250,692,000
99,910
>
99.907
*0.358%
*0.368%
507,190,000
251,726,000
99.908
*0.365%
99.908
*0.365%
20
91
days
27
91
days
461,283,000
250,986,000
3— May
15
9 years
3,283,343,400
1,292,444,100
100
<
_<
May
3.. May
15 years
882,078,700
882,078,700
ioo
;
,
May 25— June
4^ years
1,119,337,300
100
May
1-31 May
10-12 yrs.
1,119,337,300
6-40,117,976
May
May
1-31 June
1-31 Jan.
12 years
1,130,000
1,130,000
100
2 years
399,250,525
399,250,525
100
640,117,976
;
40,028,000
24,308.000
557,122,000
181,075,000
376,047,000
167,000,000
100,000
166,900,000
13.7.38,000
20,603,000
*0,865,000
180,738.000
20,703,000
160.035,000
737,860,000
201,778,000
536,082,000
3.127,000,000
3.094,065.000
32.935JOOO
535,168,000
334,267,000
3,996,435,000
3,629,233,000
367,202,000
4.734,295,000
*
Totals
,
a
days
91
days
496,574,000
689,653,000
that the Treasury has employed the certificate;
the previous issue was brought out last April.
The
month's offering of $1,500,000,000 certificates was more
made
on
a
........——
.3,831,011,009
903,284,000
Federal Savings A Loan Insurance
In
b
June 12.. June
9lvdays
801,271,000
June
19- June
85 days
709,632,000
251,301,000
300,380,000
300,993,000
301,249,000
June
18- June
3,113,009,000
1,588,495,000
U30 June
641,929,039
1-30 June
12 years
641,929,039
1,467,000
1,467,000
160
2%
1-30 Jan.
2 years
406,947,450
406,947,450
100
the
for
5— June
7 months
10-12
yrs.
June to tal.—..
99.908
99.907
99.908
99.914
100
*0.365% ;
*0.366% '
*0.365% i
*0.362%
H%
'
a
a
i
1
Total 6
months.
*
Average rate on a bank discount basis,
a Comprised of three separate series, ol
sold on a discount basis at 75, and yield
2.90%; series F have a 12-year maturity, are sold on a discount basis, at 74, and
yield 2,53%; and series G have a 12-year maturity, are sold at 100, and bear 2bi%
interest,
b Comprised of two: separate issues,
series A-1943 and tax series
about
0.48%,
designated Treasury
Net
retired.
preceding, thus affording a five-year comparison.
Along with the full-page tables, we give complete de¬
tails of the capital flotations during June, including
every
issue of any kind brought out in that month.
DETAILS
OF NEW
CAPITAL FLOTATIONS
DURING
1942
Long-Term Bonds And Notes (Issues Maturing Later
Five Years)
19,369,446,427
whicn series E have 10-year maturity, are
x
the June and the six months' figures with
corresponding periods in the four years
JUNE,
3,792,761,483
J
,
Corporation,
the
b
June
Ad¬
comprehensive tables on the following pages
compare
those
15,576,684,938
91
-
a
2%
5,238,162,601
months.
May 29- June
*'T
—
Coniprises sales of special series certificate* and notes; certificates sold to
we
May to taL—..
.; i *
*
justed Service Certificates Fund and Unemployed Trust Fund, and notes to Federal
Old Age1 and Survivors Insurance Trust Account, Civil Service Retirement Fund,
Foreign Service Retirement Fund, Canal io-ne Retirement Fund, Alaska Railroad
Retirement I-und,
Postal Savings System, Government Life Insurance Fund.
National Service Life Insurance Fund. Federal Deposit Insurance Corporation, and
2%
2H%
1 H%
June
years
20,528,000
869,435,000
—
Total 6 months
June
raised through sales of bills and cer¬
tificates of indebtedness. It was the second time in eight
were
3,900,000
20,408,000
,
i'>.
.1
Total June
money was
allotments
20,100,000
—
—
Total May
Certificates
10,338,522,337
May
its market financing operations
An aggregate of $2,139,544,-
and
351,739,000
04,936,000
Total 5 months.
in June to short term issues.
subscribed
143,327,000
140,447,000
June—
2%
June
Half of 1942
r
b
May
twice
47,025,000
a
May 22- May
Agencies
Financing in this classification consisted solely
Federal Intermediate Credit Banks and also a
than
156,427,000
190,352,000
Certificates......... 1:- * Notes......
3,050,912,655
May 15— May
new
*13,100,000
20,925,000
prll—
Notes
4,867,500
11,833,750
65,753.462
Jan.
May
000
20,100,000
*L.
April total—
*0.221%
*0.264%
*0.281%
*0.317%
*0.335%
0.50%
100
343,750
5,547,372
The Treasury confined
7,000,000
183,352,000
24,000,000
40,936,000
—
May—
78 days
3,965,000
Treasury Financing in June and the First
126.807,000
Notes...
:
1
32,015,790
1,572,000
amount by the
33,730,000
Certificates
b
Mar. 27.. April
35.231,363
and Government
x25,193,000
492.1S6.000
*
Total 3 months
7,287,609,682
3,546,765
Loan
152,000,000
28,730,000
-
Notes.*
1,402,730,682
Total 3
251,500
1,250,175
Farm
5,000,000
3,537,000
160.537.000
;
Total4 months...........
62,943,144
126,330,104
•
157,000,000
*'*....
Certificates.
*0.222%
*0.229%
*0.195%
*0.203%
100
total...
311 ,219,000
3,757,564
389,569,510
$
141.297,000
Y
March—
a
99.947
14,499,172
"...
Net Issued
:
39,250.009
42,355,000
February total
2%
a
99.944
Mar. 1-31 Mar.
Mar.
*
20,842,000
—I....
March total.*..*..—*—.
18
91
Y; Retired
Issued
'■'j.
.
$
N otesJ.
b
150, 414,000
742,500
V
V
100
100
Mar. 20— Mar. 25
6— Mar .'11
.
a
150, 477,000
150, 194,000
150, 273,000
Mar.
1942
,
38,850,000
2,953,713,867
4
i
FINANCING
78,100,000
*0.266%
2 H%
Feb. 20.1 Feb.' 25
3,191,382,489
114,031,142,827
63,197.000
*0.263%
Feb.
1'
1NTRA-GOVERNMENT
Certificates..
*0.220%
*0.250%
91 days
18
601,379,000
5,338,303,600
3,792,761,489
19,369,446,427
—
"
Feb.il
13-. Feb.
Feb.
1,467,000
406,947,450
b
333,,663,000
7,127,509
•
—.—L
months.
i
..
NoteS
2%
72 days
25,487,816
Total, cai. year
......
January total
91 days
8,951,969
total.*..
>
1,407,000
406,947,450
•
February—
April 10,. April 15
15,529.803
Depositary bends—
Tax antictpat'n notes
1*.
January—
Certificates..*....
2,931,165,133
1,025,000
8,609,530
11.
:
U. S. Savings bonds.
,;/Y
a
100
2 years
otal
3,162,305
12,199,818
21,080,297
100,824,000
150,186,000
150,720,000
150,477.000
85-day Treas. bill's._
1!„
June
150,047,000
8
16,782,675
November
Treas. blLls._
*0.304%
April
51,683,537
11.851.252
December
10,839,760,338
303.380,000
Jan.
r
99.940
4,318,088
29,858.878
-
3,517,919,301
4,736,924.600
i
Yield
Jan.1-31. Jan. i, 1
611,334
1,702,750
2,525,696
5,721,524
August
October.
1,720,243,300
15.576,684,938
S
$'
9,919,270
July—........
-
5,238,162,601
—
91-day Treas. bills..
June
150,230,000
days
Apr. 1-30. April
September
399,250,525
Y
■■■
Total, 6 mos-
1,130,000
399,250,525
91-day Treas. bills..
June
car¬
Price
April 24.. April 29
juiie.Y-^'—
'
12,855.884
•'
640,117,976
1,130,000
3..
Tota 16
Accented
March
January
'
June 10—
Amount
351.600.000
91 days
384,694,000
91 days
351,585,000
•'
91 days
371,501,000
9>4 years 1,013,839.300
10-12 yrs.
1,074,029,3u8
28
Jan.
Mar. 1-31 Jan.
'MY'Y'Y'
1,1197337" 300
640,117,976
1
—
June 17— 91-day
June24j.
'
JanY 12.. JanY.15
Mar. 13.. Mar.
-V:;
...
,r
Total 5 months
June
882,078,700
Fax anticip'n notest.
May total
101,714,000
100,541,000
1,292,444,100
882,078,700
1,119,337,300
Treat, notes..
*
our
•V'/'-v
1 H%
10!),643",000
1,292,444,100
5-. 214 % Treas, bonds..
May
.an
V;,
-
June
FINANCING DURING 1942
Amount
Due
ltf.i Jan.'- 21
below:
*. —
May
compulsory basis.
on a
STATES TREASURY
'Jan.
half of 1941 and the first half of 1942 as compared with
in
— —
0— 01 day Treas.
June 25!-Ctfs. of indebtedness..
the latter
duction in the volume of secondary offerings in
depends
seems
Following is a summary of financing operations
ried out by the Treasury in 1942:
9.. Jan.j14
whose securities are
7,321,841.037
3,010,681.300
150;400,000
The ultimate peak is obviously unpredictable.
Jan.
ceeds of the sales.
2,600,656,655
10,338,522,337
fiscal year; may aggregate as much as $7,000,000,000. The
immediate prospect therefore is for a debt more than
three times the highest reached in the first World War.
Jan,
in
254,682,200
450,256,000
bills..
May.
The gross public debt on June 30 amounted to $72,422,445,116 compared with $48,961,443,536 one year earlier.
Secretary Morgenthau recently
indicated that new
money financing in the first two months of the new
large loans were made to Great Britain by the Corpora¬
tion and this evidently was responsible for a marked re¬
or
536,395,455
1,695,000
3,050,912,655
Total 4 months.
the inflationary elements present in a war-time economy.
Corporation to make loans to foreign governments col¬
lateralized by American securities. Under this authority
1941.
so
compulsory rand has made
sequestered from its nationals. In June, 1941, legisla¬
tion was enacted authorizing the Reconstruction Finance
the first half of
It has
as a means
April I
Y
It
securities involved.,
tendencies.
ary
place purchases
Issues Not Representing
some
possible,
as
117
..
$150,311,094
YY
23.3
17.1
..
.
*
rent income
"
76
YY-YY
—
Volume. *...i——.
i't „.
Percent of total volume
kiM
.
.
51
1938—Number of Issues.
'
U. S. Savings bonds,.
1_.
June
the
on
$
'
100,433,000
100,207,000
150,330,000
150,074,000
1,013,839,300
1,074,029,308
bills..
Indebtedness
'
$
150,230,000
150,047,000
9i-day Treas. bills..
January totalj.
of 1942
tures rise to the
of the
Y'Y;
21L.
Jan.
Jan.
made in June to obtain pledges
were
months
first six
strenuously.
128
Jan.
from this
Yields
New
Refunding
%
■
As maturities
individuals,to invest 10% of their incomes in United
30.3
...
194I—Number of Issues—........
.1
71-day Treas. bills..
91-day Treas. bills..
United States Savings Bonds which the Treasury
Total Year
35
$220,237,100
guVolume-..v..- - ^
r J* Percent of total volume
<
7i.
14l.
States Savings Bonds but sales of these securities in the
ditional
.
Last 6 Months
6 Month*
First
•
from
of short term
"V'
•
1942—Number of issues.—
!
June
debentures,
sinking i fund
utilities, Inc.l 1st' mtge. bonds, series A 4%, due Jan. 1, 1967,'
Vermont
'
Acct'tei
Jan.
the ceiling rate of'%%.
sold
3%%
15-year
Co.
'
■
Jan.'
for $250,-
was
new money
issues'brought out last month
costliest
(June),;
&
$5,500,000 (March).'
;
several
sinking fund debentures,: 1962,-
20-year 3%
'
Union
the last three in May.
amounted to
month aggregated
bonds,
to $300,000,000
Total Amount
Security
Dated
raised
were
,
Water Co.
1956, $254,000 (April).
City
1,
Standard
1952,
Yy'y.;
Type of
April.^
$150,000,000 weekly,
Intensive efforts
2,
USE OF FUNDS
the current issue
Jan.
^
■
same as
continued at
due 1943-1952,
2'/a%' equipment trust certificates,
(March).
/
'
$2,830,000
Springfield
bonds,
.
1
.
Southern Pacific Co.
'
(par
series
3%
,
.
sinking
line
pipe
mtge.
Y
.
debentures, due Jan.
1
:
YY-V•>*:'
fund
sinking
,
Gas
V/*7o- series, due
'
,.'
City,
Y.
trust
Y,'. ./
0Q0,000Ythe
source
v",
certificates,
•
\Yy
..
N.
■
equipment
*;
(April).
Southern 'Natural
\
•
Co.
on
week after the first week's sale which
per
Pennsgrove
offerings last month
serial bonds, $400,000
10-year 41/2%
Bridge Corp.
(June).i
i
but the face rate
%% compared with Vz% in
Bill
,
Norfolk-Portsmouth
The certificates offered last April drew about
same response
was
Michigan ;Gas & Electric
211
notes
RAILROADS
i
1
J
of tax
B-1943; series A earn about 1.92% a year and series B,'
Than
$680,000
Pere
due
Marquette
1943-1952.
Priced,
Ry.
2%
Purpose,
according to maturity.
Inc.
equipment
purchase
trust
of
new
certificates,
equipment.
1948-1952 maturities, to yield from 2% to 2.30%,
Offered by Halsey Stuart & Co.t
Monday, July 20, 1942
FINANCIAL CHRONICLE
:THE COMMERCIAL &
212
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lisi=-s|sis5 s^aSTi
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'a
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i it J, 6 ! of 2 11 -
s
s«2 *
Ii|S$l§I 3.93
sSJiPi
ggr-Iii
$2,120,000
St.
Louis-San Francisco Ey. 2%
cates,
ment.
due
1943-1952.
Awarded
Merle-Smith
to
Salomon
Bros.
&
and Stroud & Co., Inc.,
ing
to
lic
L. P.
Lewisohn & Sons, Moore, Leonard & Lynch,
Hirsch, Lilienthal & Co., Edward Lowber Stokes & Co.,
Walter Stokes & Co., Wurts, Dulles & Co., Folger, Nolan
maturity.
&
15,000,000
Co., Inc. and Schmidt, Poole &
Co.
*$750,000
El Paso Natural Gas Co. 3% 1st mtge. bonds, due 1957.
Purpose,
refunding
($8,600,000),
pay
bank
loans
($3,015,000),
general corporate purposes
($385,000).
Price, par.
Placed privately with five insurance com¬
panies and one educational institution.
Michigan Gas & Electric Co. 3V2% debentures, due seri¬
ally
1942-1952.
Purpose,
refunding.
Price, par and
interest.
Placed privately with Travelers Insurance Co.
*3,500,000
Michigan Gas & Electric Co. 1st mtge. bonds, series A,
3%%, due March 1, 1972.
Purpose, refunding.
Price,
102.74 and interest.
Sold privately to John Hancock
Mutual
Life
Insurance
Co.
and Northwestern Mutual
Public Service Electric & Gas Co. 1st & ref. mtge. bonds,
3% series, due May 1, 1972.
Purpose, capital replace¬
ments, etc.
Price, 104V2.
Offered by Halsey, Stuart
& Co., Inc., Ladenburg, Thalmann & Co., Stone & Web¬
ster and Blodget, Inc., Blair & Co., Inc., Coffin & Burr,
26,000,000
PUBLIC
•$12,000,000
(Inc.), Hornblower &
Adolph
$2,800,000
UTILITIES
Co.
Corp.,
Hutzler, Dick &
bid of 99.2599.
to 2.40, accord¬
on
Reoffered at prices to yield from 0.90%
Pressprich & Co., Central Repub¬
Weeks, Equitable Securities
Rothschild & Co., Gregory & Son, Inc.,
Inc., Otis & Co., R. W.
equipment trust certifi¬
Purpose, purchase of new equip¬
Life
Insurance
u
SQ
Co.
Virginia Public Service Co. 1st mtge. bonds, 3%% series,
due 1972.
Purpose, refunding.Price, 105.65.
Offered
by Stone & Webster and Blodget, Inc., Halsey, Stuart
o
jsJ-g
Inc., The First Boston Corp., Kidder, Peabody
Mellon Securities Corp.. Blyth & Co., Inc., Blair &
Drexel & Co., Eastman, Dillon & Co., Laden¬
burg, Thalmann & Co., W. C. Langley & Co., Lee Higginson Corp., Otis & Co., E. H. Rollins & Sons, Inc.,
Union Securities Corp., Wertheim & Co., A. C. Allyn &
&
Co.,
& Co.,
Co.,
Inc.,
Hall & Co. (Inc.), White, Weld & Co.,
Co. (Inc.), Estabrook & Co., W. E.
F. Rothschild & Co., Schoellkopf,
Hutton & Pomeroy, Inc., Shields & Co., Spencer Trask
&
Co.,
Tucker,
Anthony & Co., Jackson & Curtis,
Paine, Webber & Co., A. G. Becker & Co., Alex Brown
& Sons, Graham, Parsons & Co., Hornblower & Weeks,
Newton, Abbe & Co., Arthur Perry & Co., Inc., Whiting,
Weeks & Stubbs, Inc., The Wisconsin Co., Dean Witter
& Co., Bear, Stearns & Co.,
Equitable Securities Corp.,
Gregory & Son, Inc., Hallgarten & Co., Bacon, Whipple
& Co., R. S. Dickson & Co., Inc., Hawley, Shepard
&
Co., Hayden, Miller & Co., Kebbon, McCormick & Co.,
Co., Inc., Harris,
Central Republic
Hutton
&
Co.,
L.
Volume
Number 4091
156"
THE COMMERCIAL & FINANCIAL CHRONICLE
213
*$1,350,000
(G.
R.)
Kinney
Co.," Inc.,
10-year 3%%
loan,
due
1943-1952.
Purpose,
pay
off
term
loans
($550,000)," pay mortgages ($120,000), working capital
($680,000).
Sold privately to insurance companies. -
serially
A
,4,000,000
Hygrade
Sylvania
due June
ing
3(4% sinking fund debentures,
Purpose, repay bank loans and work¬
Corp.
1, 1957.
capital,
Price,
101%
and
interest.Offered
by
& Curtis,
White, Weld & Co., Lee Higgiqson
Corp,, Estabrook & Co., Merrill Lynch, Pierce, Fenner
&
Beane, Putnam & Co., Hall, Waters & Co., Inc.,
Jackson
inc.
-
■
Graham,
Parsons
Co.
&
and
Whiting,
Weeks
&
Stubbs,
$37,350,000
LAND,
$79,000, Commissariat
(3-3%%)
..
44,000
.First
Church
T\
;
i
Lamont,
bonds,
due
1st mtge.
III.,
1943-1954/
Pur-
by Dempsey-Tegeler & Co.
Co.
;
OIL
Standard
J
,
Co.
of
Ohio
May
due
($5,000,000),
1,
20-year "3%
1962."
r
,
Insurance
•
.
'i''y*.r
fund
refunding
Co.
•'
.'o.w/
retire
"
'l
necticut
150,000
'
MISCELLANEOUS
.
*$400,000; Norfolk-Portsmouth Bridge
\ ' bonds.
Purpose, refunding-.
!
sinking
Purpose,
bank loans ($3,000,000), construction of additional refining-facilities, etc. ($7,000,000).
.Price, par.
Sold privately to John Hancock Mutual Life
<
,
r
Oil
-debentures,
...
,
Cross,
serial
of
V ' 1
A
♦$15,000,000
v
:
Holy
Offered
-
$123,000
\
.
the
estate
Etc.
Christ, Scientist, of Dayton, Ohio, 1st
(3%-3%-4.%) real estate serial bonds, due 1943Purpose, refunding.
Offered by Dempsey-Tegeler
mtge.
1952.
&
V
of
real
'pose, refunding.
....
,
BUILDINGS,
Mutual
Life
A
.
Corp. 10-jrear, 4*/a%
serial
Placed privately' 'with "Con-
Insurance
Co.
1
•
-
Rand's,
Pittsburgh, 6%
sinking fund debentures,, due
May 1, 1957.
Purpose, pay current indebtedness.
Price,
100
and
interest.
Offered .by
Grubbs, Scott & Co.
•
.
Floyd
,
D.
Cerf
Co.
and
■■
-
-
$550,000
Stocks
(Preferred
stocks
preferred
stocks
computed
at
of
of
their
$5,940,000
(Chas.)
;
;./■
-
.
■
1
I
•
and
'
'
'
value
classes
all
'
'
*■
taken
are
of
at
while
par,
stock
common
Pfizer
_(par
&
and
are
Co.,
$1),:
manufacturing
240,000
Inc.,
Purpose,
shares
.retire...
of
common
preferred
stock
($776,160), payment of bank loans ($1,600,000), purchase and retire common stock held by estate ($1,916,410), additional working capital ($1,647,430).
Price,
$24.75 per share.
Offered by F. Eberstadt & Co., A. G.
Becker & Co., Inc., Eastman, Dillon & Co., Hemphill,
Noyes & "Co., Hornblower & Weeks, Lazard Freres &
Co.,
Merrill
Lynch,
Pierce,
Fenner
&
Beane,
F.
S.
.
'A;/A /
value
par
industrial
stock
;•
.
par
offering prices.)
other
;
stated
a
no
Moseley & Co., Dean Witter & Co., Lee Higginson Corp.,
% a.,
a0a-%E, H. Rollins & Sons, Inc., Brush, Sloeumb & Co., Estabrock
'
■
'
*
'/
Co.,
Spencer
Inc.,
Co.,
a/Vvav.-'
\;
&
Co.,
Schwabacher &
Kebbon,
Trask
&
McCormick
Co.,
&■
Emerich
Ames,
The
Co.,
&
Milwaukee
Co.,
Bacon, Whipple & Co., Blair.
Bonner & Co., Central Republic Co., Inc., Paul H. Davis
& Co., Riter & Co., Equitable Securities
Corp., Loewi &
Co.-, Baker,. Weeks & Harden, Wells-Dickey Co., Davis,
/
•
"
Skaggs
_
Co.
\
a'a;''a
& Co., Farwell, Chapman
Chicago, Watling, Lerchen
of
&
&
Co.,
The
Co.,
Illinois
Bankamerica
Co., Jackson & Curtis, Singer, Deane & Scribner, William
R.
•
Staats
Co.,
Goodwin,
>
W.
W.
Whiting,
Inc.,
Lanahan
Weeks
&
Stubbs,
Inc.,
Bond
&
Robert Garrett & Sons, Hill Brothers,
& Co., O'Melveny-Wagenseller & Durst,
Stein
Bros.
& Boyce, Stern Brothers &
Co., Gatch &
Nashville Securities Co., Stix & Co., Alfred L. Baker ^
; & Co., Butcher & Sherrerd, Chace, Whiteside & Co., Inc.,
Co.,
•
•
.
'
1
•
:
•'
Childs, .Jeffries &
•
jv...
a';•
Co.,
Crowell,
..;i,Francis
|-:
*
Thorndike,
Weedon
duPont
Inc., Graigmyle,-Rogers &
Co.," Dominick & Dominick,
&
&
Co.
and
Chisholm
;
'
&
■
Chapman.
Co., Shields & Co, and Van Alstyne, Noel & Co,
);'■
$9,000,000
g.
.
>'■<•
miscellaneous
; /
and
Eastland, Douglass & Co., Elworthy & Co., Ferris, Exnicios & Co., Inc., Johnson. Lane,- Space & Co., Inc.,
Johnston, Lemon & Co., Kay, Richards & Co., Revel
Miller & Co.,"'Mitchum, Tully & Co., Otis &
Co.-, Reynolds
;
.a;
;
I.
C.
Murphy Co. 90,000 shares .of 4%%
(cumulative)
preferred stock (par $100).Purpose, refunding ($4,000,-
■
r
000),
./A
per
..
•
:A
working capital,
etc. '($5,000,000).
Price, $105
share.
Offered by Merrill Lynch, .Pierce, Fenner &
Beane,
Lazard
Freres
Becker
&
Co.,
Inc.,
Goldman,
Ripley
i
&
Co.,
Inc.,
Kidder
&
Co.,
Blyth
&
Co.,
Inc.,
Sachs
&
Co.,
Peabody
&
CO.,
A.
G.
Harriman
Eastman,*
Dillon &
Co.; Hayden, Stone & Co., Hornblower & Weeks,
& Lynch, Shields & Co., Singer, Deane
Spencer Trask & Co.,.Riter -& Co., L. F.
Rothschild & Co., Tucker, Anthonv & Co., Baker, Watts
>.'v& Go., Frank B. Cahn & Co., Emanuel. & Co., A. E.
Masten & Co,. Scott & Stringfellow, Hemphill, Noyes &
; '
Co. and Merrill Lynch & Co., Inc.
Moore,
&
:
Leonard
Scribner,
,
Farm Loan and Government Agency Issues
A ;
$26,915,000)
Federal
*3,600,000j tures,
Intermediate
dated
1, .1942;
July
1,
$16,105,000
Credit
Banks
consohdated
deben-
1942; $10,810,000 0.65%; due Dec.
0.85%,
due
May
1,
1943,
and
$3,600,000
0.50%, due Oct. 1, 1942.
Purpose, refunding
($28,455,000),
new
money
($2,060,000).
Price,
par.
by Charles F. Dunn, New York, fiscal agent.
Offered
Issues Not
Representing New Financing
$608,250
Addressograph-Multigraph Corp. 50,000 shares
; '
; mon stock (par $10).
Price, $121/s,per share.
by Shields & Co. and associates.
'
■
3,000,000
Chicago
...,
;•
.
280,000
.
com-
Offered
& North Western Ry. bonds (made up
eight issues).
Offered by Bear, Stearns. & Co.
of
Colgate-Palmolive-Peet Co.
20,000
stock
(no
par).
Price, $14 per
'
/
of
common
shares
of
share.
some
Offered
by-
Union Securities Corp.,
aK
'
441,672
"..., &
/,
148,000
v'
>•
:
y A*
j
Heyden Chemical Corp. 6,355 shares
(par $10).:
Price, $69^ per share.
-
and Union Securities Corp.
Co.
International
(;no,rpar)i
'
717,359
(S.
(no
1
and
Bros,
223,200
&
224,400
,
"
j. S
•
.
-
shares
of
j
common
^Offered by
•
>
stock
Blyth &
v.
32,423 shares of common stock
share.
Offered by Lehman
per
Sachs &
Goldman
g.). Le
(R.
stock
'
*
5,000
$28., per'.share.
H.) Kress & Co.
par), y Price, $22
'
/
Shoe' Co.
Price,-
-
Co.,i;inc/« |
f
of common stock
Offered by Blyth"
Co.-
,
Tourneau, Inc., ,9,300 shares of common
Price, $24 per share.
Offered by Blyth
(par $1).
Co.',
Liggett
stock
-■"■
Inc.
& Myers
(par $25).
■
Tobacco 3,400 shares of
Price, $66 per share.
•
«
common
Offered
B
by
'
Blyth
162,500
Marks
M.
Laurence
&
Putnam
Co.,
&
Co.,
Bosworth,
Loughridge & Co,, H. M. Byllesby & Co., Inc.,
Marache & Lord," Mason-Hagan, Inc., McDonald-Coolidge &
Co., Merrill, Turben & Co., The
Milwaukee Co., Riter & Co.y Stroud & Co., Inc., Swiss
American Corp., Scott, Horner & Mason, Inc., Scott &
Stringfellow, Blair, Bonner & Co., Ames, Emerich & Co.,
Robinson
Chanute,
Bros.
Granbery,
Stokes
& Co., First of Michigan Corp.,
Moore, Leonard & Lynch, Mullaney, Ross & Co., Peters,
Richards
Inc., ■ Field,
&
Writer
Christensen,
Inc.,
Rauscher,
Pierce
&
and
&
Co.,
due
&
Public
May
1,
Co.,
Edward
E.
Wheelock
$10,500,000 1 Virginia
~
Humphrey
Boyce,
&
W.
Cummins
Service
1957.
Singer, Deane
& S. Bleichroeder,
Inc., Barrow,
Cassell & Co., Dempsey, Detmer &
Co., Francis I. duPont & Co. and Chisholm & Chapman,
&
Folger
Co.,
Nolan
Jackley &
&
Sons,
Inc.,
C.
&
Co.,
Inc.,
Maynard H. Murch &
Pacific
Co.
Investment Corp; of Norfolk,
& Co., Adolph Lewisohn
W. Lanahan
Mastea & Go.;
<
OTHER
INDUSTRIAL
of
Aluminum
*$30,000,000
pose,
California,
K. Morris & Co.,
Nashville Securities Co.,
Reinholdt & Gardner, The
three
&
&
Co.,
Stein
Co., Walter
Wells-Dickey
!
Co.
general
of
*2,000,000
(Philip)
1954.
j
.
-
& Co.
; •:
Belt .Co. 5,000 shares of common stock (no par).
$32% per share.
Offered by Smith Barney & Co.
E.
refunding.
the
5%
America
15-year 3 %
funds.
Fenner & Beane.
Pan
American Airways" Corp. 27,500 shares of capital
stock
(par $5).
Price, $16% per share.
Offered by
Price,
Parke,
98.77.
$10,500,000 5%
Pierce,
Witter
Dean
^
Peabody
Eastman,
Wattling,
Carey Manufacturing Co. 3%% debentures, due
Purpose, retire bank 'loans,
gdheral
corporate
purposes.
Placed privately with Equitable Life Assur¬
ance
Society of the United States through Riter & Co.
,
..-a.
Co.
25,000 shares of common stock (no
per share.
Offered by The First
& Co., Inc., Blyth & Co.. Kidder;
S. Moseley & Co., Shields & Co.,
Corp., Battles
with
511,213
,
Boston
Pur¬
privately
Mellon
'
&
Davis & Co.
Price, $23%
Securities
debentures.
Placed
through
Co. 5,200 shares of common stock
$16% per share.
Offered by Merrill
450 305
debentures
MANUFACTURING
companies,
Clark & Co.-
587 000
fund
par).
AND
W.
McGraw Electric
(par $1).
Price,
Lynch,
sinking
Purpose,
corporate
insurance
and
245,100
Co.
Corp.
Charles
Co.,
Co.,
$67,750,000
F.
Co., W.
A. E.
Stokes
Offered by same bankers who offered
debentures.
—-
Co.,
Arnold
Scribner,
Leary
&
Price,
(Inc.).
Co.
Schwabacher & Co., Stern Brothers & Co.,
&
Starkweather
Lowber
Thomas
Link
& Co., F.
Dillon & Co.,
Lerchen
&
$7,590,999
♦Indicates
Laurence
M.
Marks
&
Co.
and
Co.
Paper Co. 16,229 shares of common stock (no
par).
Price, $31% per share.
Offered by Paine, Webber/Jackson & Curtis.
,;*'v' '
*,"*'*•
" " '•
Scott
issues
placed
privately.
THE COMMERCIAL & FINANCIAL CHRONICLE
214
ends
compared
with a year ago.
Preliminary figures compiled by us,
based upon telegraphic advices from the chief cities of
ths country, indicate that for the week ended Saturday,
July 18, clearings from all cities of the United States
from which it is possible to obtain weekly clearings will
be 18.3% above those for the corresponding week last
year.
Our preliminary total stands at $8,190,824,215
against $6,921,807,469 for the same week in 1941.
At
this center there is an increase for the week ended Fri¬
day of 25.1%.
Our comparative summary for the week
available :until
be
not
(Saturday)
today
CLEARINGS
BANK
OF
COURSE
THE
this week show an increase
Bank clearings
J; according to the Federal Reserve Districts in which they
the
and
Saturday, figures will
today; Accordingly, in the
noon
Monday, July 20, 1942
located and from this it appears that the New York
are
_
V-:-
follows:
detailed
statement,, however, which
increase
and
had
present further below we are able to give the final
complete results for the week previous—the week
ended July 11.
For that week there was an increase of
12.36%,
of
the
following
+ 25.1
2,827,703,070
363,406,858
346,802,558
+
437,000,000
+
10.5
314,371,146
260,915,705
+
20.5
134,412,849
117,884,398
+ 14.0
Federal
126,600,000
111,300,000
+ 13.7
1st
Boston
192,304,000
169,710,000
+
13.7
2d
+
27.4
—
Boston
——
Kansas
City
Louis
St.
Francisco
Son
Pittsburgh
186,568,362
Cleveland
171,894,397
,
SUMMARY
Week Ended July 11
3d
—
Atlanta
20.6
7th
Chicago
+
5,623.698,641
4,660,087,362
1,201,988,205
1,113,551,235
7.9
days
6,825,686.846
5,773,638,597
+•18.2
1,365,137,369
1,148,168,872
+
18.9
6,921,807,469
+
cities,
day
one
8,190,824,215
Total all cities for week
St.
Minneapolis
statement of transactions
appended. The re¬
the six months of 1942 and 1941
and
June
the
the
country at 5.0%.
Dec.
253,774,757
2,933,269,295
2,917,334,160
+ 22.8
+
+ 14.5
400,501,892
236. 230,763
+ 20.6
+
10.0
198 ,520,724
+
8.3
300,336,001
158,614,578.
V'
377,219,503
328,887,482
5.0
484, 060,754,
285,480,257
$
249,323,693
9.0
+
403. 211,287
4+ +
1939
•••••
+
+ 23.9
228, 660,994
1941
1942
Description
Bonds
;
\
-
':-L '
•
141 248,117
177, 650,960
;
V
142,134,014
164,176,103
160,486.030
385,717,162
384,313,287
of
Reserve
York
clearings
+ 22.4
67,628,583
+ 12.8
255,642,393;
6,684,354,838
cities
the
showed
"x
'^
lowed with
Federal Reserve Districts
F°bonds *!—-
9,803,000
4,866,000
1,010,000
406,900
bonds
L
Boston
1st
;>,
i
York
2d
New
3d
Philadelphia
share properties on the
4th
Cleveland
months of
5th
Richmond
i—1
6th
Atlanta
7th
Chicago
8th
St.
9th
Minneapolis
Exchange for the first six
New York Stock
in the following: ; +
1942 is indicated
1939
1940
1941
1942
—14
:-J;
$1,105,812,700 $1,097,185,000
$133,776,300 $149,426,000
The volume of transactions in
—.14 cities
;
——
—i
■
Philadelphia
9.6%
and
*
1
)
^6,053,344,633
1,936,027,903
1.010,981,516
6.4
;•;:• 910,767,566
1,215,211,091
996,988,023
V
-
'
1,772,225,022
■
•
1,168.358,677
668,695,952
../+15.2
•
•'
•
1,606,519,223
1,434.876,440
-
+21.9
2,952,222,365
3,401,132,004 X
•
16,236,173,470;'
' ••+ '
745,925,283
i
557,706,320
.
j
■
+
31
:
1,008,198,571
+11.0
■
* •••»;
•
'1,095,652,191;
.
,
+22.6
•
June, 1939
n
••:
/12,824,339,874
6:
+10.1 '
2,289,432,549
2,374,343,155
9
+
respec¬
'
'.'v*
•
irtfii
June, 1940
% :;T>+;+v
1,415,179,711
•
16
...
-
>
Inc. or Dec. %
'2,524,791,412
9
11.0%.
of 10.1%
''
$
>
18
-
'
'
.
Richmond of
had gains
*
17,085,105,668
%
and
also
i 1,551,346,609
"
>--—17
-
11.6%
June, 1941
XI;'X$ 5+
C. S. government
and Atlanta of 21.9%.
with
tively.
Xv;
June, 1942
82,417,000
71,476,000
13,242,000
8,693,500
294.475,693
329,599,338
increase of 22.6%
an
Boston
and
$1,029,470,700 $1,004,965,000
$124,675,900 $135,174,000
of
ment
the Kansas City Federal Reserve District with a 26.4%
& misc.
23.8
17.2%, Chicago with 15.2% and
Minneapolis with 14.6%. ;St. Louis showed an improve¬
in¬
an,
+
followed
Dallas
attained by
was
2,552,752,904
.
reached
houses of 11:2%,
been $34,535,-
totals
5,277,188,402
2,633,014,221
.
The nearest approach to this level was the 23.0%
by the San Francisco District.
Cleveland fol¬
gain.
in¬
having
The highest percentage
of 6.4%.
crease
432,735,813
clearings for
an
5,361,520,152
+ 10.4
.
72,950,904
253,264,797
:
•
535,849,388
was
+ 12.3
3,402,258,204
aggregate $31,052,412,164.: In the
District
111,855,517
159,624,266
83 650,937
v
___
for the entire body of clearing
aggregate
113,957,237
157,941,673
350 655,996
..
.
For that month there
of June.
143,885,166
+15.7
+27.9
.
;
XLY,506,175,786
111 cities
32
145,860,059
;
395,537,695
.
——
■>;•
3,754,420,113
V>.;v*-V«i " '•+ ' »■
-
L.i—
1942
New
63,720,802
51,792,091
10,461,313
7,466,443
163,488,595
227,253,904
102,386,500
.
_
shares
"
__
■
'
>
10
148,648 and the 1941
1941
1942
:
Stock, number of
"
10
City
•
532,230,669
215,019,846
7
-
>
>_
crease
the
1939 to
or
240,068,591
We also furnish today a summary of the
Six Months
Month of June
bonds.,:
of
The
and
1940:
3,561 376,803
510 243,880
4
!—_
!]
the month
follow:
Total
15.7%
-
308 843,623
r
.17, ."
L—
:
Y.
N.
Canada
the New York Stock Exchange is
__
20.6%.
'
;
3,882,344,650
++
Inc.
+;,:■.++
+ >584,304,806
6
v
Our usual monthly detailed
bonds
+■
.
> V-. «' 495,284,253
—
Francisco
Total
Outside
foregoing will appear in our issue of next week.
We cannot furnish them today, in as much as the week
Railroad
the
was
1941
-
$
"
11th Dallas
covered by
Complete and exact details for the week
for
of
CLEARINGS
"
"
10
-
——
—.
10th Kansas City
the
sults
BANK
7
>
..J.
__
Louis
8th
12th San
on
lowest increase for
382,776,020
+
.
Dallas
-
checks cleared
rise
a
18.3
Tot. all cities, five
All
the
had
6
-
_.
with
approach to this level
10 -"
+
9th
five
cities,
12 cities
——
Richmond
93,059,441
days__
cities, five days..—
Other
L:
Cleveland
5th
6th
Ten
4th
21.5
113,051,183
Baltimore
+
OF
1942
:
.+ v;.;.
"i
next
was
for
+ v+:+•>■ + :./
■:A
•
12
Philadelphia
+ 15.2
149,252,373
.++ .++++■++■■
• vsS;
i + •+.•+• .
—LL-
r:,4'-,
•■•:.
Reserve Districts.»' j
of
by Federal Reserve districts.
a summary
New York
'146,459,817
furnish
we
4.8
Philadelphia
483,000,000
—
;
10.4%, the bank clearings at this centre hav¬
ing recorded an, increase of 9.2%.
We group the cities
In
increase
an
Minneapolis and Philadelphia, respectively.
San Francisco had a 12.8% increase.
Chicago had a
10.0% gain and St. Louis an 8.3% increase.
Richmond
increase of
%:
Atlanta
14.5%
•
Outside of this city, there was an
1941.
recorded
and at Cleveland 22.8%.
23.9%|
was
nearest
aggregate
week
same
city)
improvement in volume of
an
22.4%.
for the whole country having
$7,506,175,786, against $6,684,354,838 in the
the
amounted to
3,538,089,846
York
(including this
9.0%. The best gain was made in the Kansas City dis¬
the increase was of 27.9%.
At Boston the
trict where
we
Chicago
New
District
has to be
cases
;;+': / \<v'
j
elaborate
In the
•
1941
1942
Week Ending July 18—
Y';>:
day of the week in all
estimated.
TELEGRAPH
BY
CLEARINGS- -RETURNS
■
the last
above
-
•
607,163,919
1,950,852,059
2,227,193,923
.
"
12,993,665
13,312,960
of
January...
February
7,925,761
8,587,828
March
1st
8,969,195
10,124,024
No. Shares
25,182,350
13,470,755 13,873,323
1 6,270,368 24,563,174
29,507,254
__
32,406,179
45,731,788
.
—
Quarter
No. Shares
No. Shares
No. Shares
;
Month
Louis
i
7
;_>
989,111,123
•
•»
886,265,626
-<
18
1,181,084,344
X" 769,961,087 X,
"656,801,083
641,433,641: :
-
V
■
551,474,516
•1,428,549,970
+23.0
!—
Francisco
12th San
11,185,760
26,695,690
___„19
—
1,756,460,203
■
..•*
9,667,050
38,964,712
12,935,210
Total
June
7,466,443
10,461,813
15,574,625
11,963,790
Outside
Li
Y. City
N.
>—190 cities
—
:
; : 3+535,148,648
't+
31,052,412,164. ;'
\
XX 18,070,493,455.^ V|
——>
V';
;
'• '
;
r
•'
+26.4
534,574,039
20,246,238
May
H '1 491,149,308'AL
+ 17.2
'
!»:
11th Dallas
63,618,847
X
V 678,620,433
11
10th Kansas City
7,589,297
7,229,097
—
:0;
+ 11.6
'592,258,702 -'';■ r+14.6
>.'——16
—1
.
April
"
'
W);L;. 24,240,996,435
+11.2
+ie.i;^> '.''■V
15,569,522,903
457,880,395'%
999,631.232
'•
+
'
months
Six
The
_
45,145,238
81,235,027
31,314,623
22,284,837
of the
years:
IN
CLEARINGS
BANK
CITIES
LEADING
i
1941
1942
omitted)
$
15,483
12,331
14,057
New
1,720
1,367
1,349
10,511
3d
Philadelphia
4th
Cleveland
5th
Richmond
6th
Atlanta
1,311
1,195
919
911
7,867
2,399
2,163 + 1,674
1,729
14,254
397
387
3,425
563
490
___
Phila.
536
609
Louis—
Pittsburgh.
783
969
<
t
+: $
80,187
'83,770
9,483
-
8,304
7,358
6,796
10,432
2,822
2,345
4,266
5,231
5.586
5.754
12,544
.
908
772
571
577
5,158
501
339
305
2,942
2,531
3,715
'
339
264
247
2,321
632
498
388
390
3,593
2,809
Cleveland
816
636
468
410
4,404
3.480
Minn'polis-
430
374
310
299
2,433
1,997
Oil's.
278
216
160
157
1,584
1,279
1,086
765
472
397
5,733
243
215
156
143
1,420
217
Louisville.
_
1,827
-
1,579
1,066
4,211
2,381
1,228
926
-
+".;
3,835,894,296
'
Total
j.»18
>
6,591,892,992
•»
;
—
9,766,644,218
■
'
'
155
123
125
1,174
883
770
71
51
44
407
367
196,264,811,143
190 cities
—
Outside N. Y. City
95
88
731
607
573 ;
.
..
The
150
146
1,309
1,072
893
115
109
951
780
699
.
125
127
936
868
85
147
122
77
701
607 +'.
Seattle
Salt
L.
764
988
67
63
558
454
394
52
48
379
352
314
65
65
27,640 21,673
23,067 173,346
-
February
444
540
1,300
>
;
".""I"':
932
1,027
872
1,763
79
30,619
100
143
74
81
172
97
__
,1942
•*
r". 4
.
3,916
3,412
2,568
2,434
-
March
31,052 24,241
18,070 15,570
We
add
now
11,907
our
25,501
186,265
13,652
176,182
11,444 103,719
•
,
.
87,398
$
First Federal
:•
,
^
:
New
•
152,646
Worc»Jiier
72,459:
New
1941
1—
3,398.641
!
9,766,994
j
i
3,496,178
-
+ 22.6
24,228,621
i
+ 10.9
12,201,283
*"2,000,000
1,968,823
1
+
1-6
11,940,658
3,633,687
1i
+1/1.0
19,556,300
+
i
+
5.0
...
.
17,466,175
19.075,123
92,423,506
9.7
••
+
23,031,114
|
i
;
9.1 "
+
64,599,899
;•+•■+ 6,095,731,366
11.4
152,646,062,129
.+
-
:
-
2,971,550,167
.
+
149.289,513,285
i
72,458,384,260
+ :
65,519,666,266
;+t+
9,100,987,731
8,335,971,424
-Clearings Outside New York+•++'++1941 +••+:+■■•''■:
1942 ■;
$'+■+':+•+
••■*''+'•+!+ $
+:■•■
l 17,721,239,974 '
• >
14,327,368,153 +
+ +
*
17,899,075.557
+ +■
!
V
■
?
:
+
6.7
++'
6.2
+
'
51,072,475,456
.
-
..
,
+ '
17,267,717,215
+
.
+ ; 14,791,413,387
+i ;":
21.0
+
+
-
;
23.3 y
+
;
41,664,355,706
14,733,528,858
17,080,878,994'
»
.
+11.2
%
+23.7,
'
12,545,574,166
22.6
+15.9;
15,429,878,683
-'.;, + ii-.9s
15,569,522,903
/
18,070,493,455.;
'
■
'V-;;-+i6.i l
'
r
+:
8.1
;
;
week ended
July 11 for four years.
?
+: 45,732,930,444
;• 52,419,089,664
103,491,565,120
+.11.3
1941
1942
■
•
6,795,703,577
9.2
+
'
58,598,254
7,867,041,768
!
+
10,854,295*
27,003,736
(14 cities)
4,300,470,889
++
6,641,950,655
'
$
57.7 "
:
••
-
.
+
+15.8
.
,
.
+ :+ v'+18.4
++: 87,397,286,150
;
>
-1940
Inc, or
,,
Dec. %
$
-
„
•'
1939
;
$
.. .
-
'■
•;
14.2
12.4
»>■>_
5.4
+
.11,353,155
63,603,846
0.8
+
17.2
150,137,236
131,740,898
7.9
,
352,439,963
6,924,400
7,515,100
44,133,600
71,048,300
+
6.5
406,569,200
2,930,062
2,737,814
+
7.0
15,151,827
•
1,551,346,609
1,415,179,711
'
+
9.6
9,208,113,538
8,005,155,962
445,642
9.0
1.4
3,502,757
3,037,431
—15.3
2,159,667
+ 11.9
2,436,239
11,981,503
8.4
4,547,772
7.1
+ 10.7
3,409,875
14,588,973
13,040,874
6,002,984
,
.
4,739,396
2,886,506
-
4,673,697
5,536,697
+
;
.725,742
i
17,198,200
18,058,300
0.6,
718,749
702,521
+15.0
382,776,020
308,843,623
+
662,127
~
+
7.4
15,056,666
353~ 674
+
+ 14.0
—
699,355
~+3~o"o
897,364
,'+
■
+ 28.7
43+758
~
978,067
7.3
367,308,500
—
2,328,043
215,941,632
565,174
7.8
47,518,600
75,648.900
...
1,970,516
210,780,735
5.6
+
,
78.1
5.2
+
91,593,617 +
+
•
+
—
20,709,371
98,733,616
68,273,574
378,647,226
.:.
L—
512.467
636,127
20.1
+
849,264
1,093,321
+
+
+ 27.4
2,647,254
257,792,946
+
.*
.
800,073
960,611
4,713,681
328,330,358
'
Total
2,529,167,861
4,577,334,988
15,452,159,925 +
$
21,209,045
1,891,681
+
+ 82.1
65.141,692
H.—Manchester
v
+14.7
Dec. %.
■
.
+
.—,
N.
3,504,078,917
,
Inc. or
1,195.461,220
10,996,648
—
+19.5
84,597,308,997
29,965,913,130
30,565,391,860
31,052,412,164
$
$
15,633,612
I.—Providence
•
Week Ended July 11
1941
1942
Dec. %
*
Waterbury
■'+,:
;
9.9
esch city for the month of June and for*the
$
11,595,168
R.
.
3,265,378,634
+17.0
Jan. 1 to June 30
;—
Haven
%
+
196,037,359,889
1st Half—
65,520
17,064,034
Conn.—Hartford
'
■
+18.7
15.1
176,181,026,151
4,033,607
—
+
1
149,290
2,097,180
Springfield
'
+
91,583,717,154
i
4,284,767
———
11,796,334,080
2,890,066,938
i
'3,569,197
Bedford
'
30,427,690,530
i
'
Lowell
87,398,210,429
;.+ 10,183,136,500
'
-
■
14,205
17,788,232
River
:
29,012,468,197
25,157,150,270
98,983,471,812
June..
135,085
15,517
'
HplyoKe
3,854,694,436
++
+23.8
V..
L—
....
1,311,265,634
Portland
Mass.—Boston
4,243,437,186
13,493,168,017
+;
- +19.8
176,181,950,430
Reserve District—Boston—
Me.—Bangor
Fall
.
r+:
Inc. or
1942
i
3,412,014,685
;vv: + ++ '
t
Quarter......
April...
283
detailed statement showing the figures for
at—
7,303,065,430
;+
4,738,569,601
-
+24.3
i
All—
97,053,888,077
31,823,252,932
32,625,070,232
34.535.148,648
1st Quarter
.
Month of June-
Clearings
10,062,739,743
852
2nd
34,535
-
.A-"
;+
'
6,535,319,273
+i 86,535,603,690
8,382,536,135
;:••'•■
+18.5
+
:+:
+ 3,921,929,603
.
+ 20.8
-
:C+
10,984,866,166 +
,
•;
16.1
v
83,099,828,096
+18.3
.
/
5,304,585,960
;•
•
,l ; + ' 1939
;
•
i
,
/
33,436,748;723
January
363
162,530 137,129
22,919
•
V,
'
+
7,887,843,059
,
^ ? '
,
Other cities
+22.7
+ 22.6
6 Months
1940
.
6,795,738,760
+
s+
;
'
;
3,174,783,034:
i94i'
;• •?
..!•
+
34,658,010,123
28,959,129,231"
464
514
152
126
235
C'y
Total
166
175
17
127
326
_
__
Hartford..
;
108
26
Richmond
■
725
,766
.
Month—
'
"
Memphis
Clearings,; Total
619
178
j.
,
A..V MONTHLY CLEARINGS
793
143
Indianapolisi
four
by months since Jan. 1, 1942 and 1941:
following compilation covers' the clearings
503
195
Denver
for
months
6 Months
4.5
+, 3,816,082,428
"i
,11,912,855,322
—32 cities
-
260
:
237
__
Paul
! p.
1 V.
•
v
i
'
A+f 16,359,585,622
I ; :; 4,863,724,361:
103,719,016,374
—
i Canada
.746
291
103
164
Buffalo
*.■
■
'
.■I": '''
-
+
+ 13.2
5,998,268,249
■
' j
+)
4,5-73,157,010
>19
—
.+•
.
4,890,510,009
;
'
St.
six
the
.
++
+15.0
■
■,
10,621,951,214
.
16
;
.
Milwaukee.
;'*'*"*
f °
fl,486,260,485 '
,
858
76
Providence-
.
|
,
.976
2,864
,
133
Qmaha
City
13,182,848^58
>;
-
JL>——
Francisco
,
f
—i.>—11
Minneapolis
2,299
for
«+!..
8,005,155,962
92,076,612,276
t
•.
.5,770,774,042
r
2,188
2.659
:
Detroit
"
'
Dec. %
,%,'i
:
7,352,374,855
—_,7
Inc. or
,
>
19,345,207,989
Louis
12th San
,
5,677,984,728
"
31
Chicago
'
New
+
9
16
11th Dallas
1,421
2,367
:
'
1,456,680,103 'L
+
'
13,035,527,233
—18
—
J
■
1,573
1,895
403
Kansas City
Cincinnati.
9,208,113,538
^ 14,917,057,510
1—17
—
l
St.
10th Kansas
1,696
:
f
4r
5
+
I 96,189,682,732 "V
i
9th
3,465
2,015
4,251
533
Fran..
Baltimore-
-
7th
2,817
3,326
t
York
8th
9,544
2,613
.
..
•
San
%
—>14 cities
—14
Boston
2d
1939
1940
88,784
92,546
1,769
__
Boston
St.
$
16,465
York.
Chicago
!
1941
1942
S
$
$
$
1939
1940
*'ir
'
3.0 ;
districts
•
*1941:
194a
:
1st
(000,000
Reserve
f -•*+ 6 Months
6 Months
,
JUNE
IN
V::!;;+
•
Federal Reserve Districts
statement:
New
the clearings by Federal
We append another table showing
month of June and since Jan. 1 in
each of the last four years is shown in the subjoined
the
for
country
1,908,208,248
^
10,535,289,421
108.764,085
63,720,802 126,966,815
51,792,091
of bank clearings at leading cities
course
32 cities V1,964,512,209
;
Canada
•
26,286,691,262
11,906,779,189
'
Quarter.
717,258,253^:
513,584,148., v,
V 1,073,535,968 ,+• + '
>
;
425,474,627 f '
v :?v \
;
752,384,685
2?'?*'
2nd
-
'
15,990.665
—"+8
■
'
770,734
:
11,203,015
4,178,177
'
lIX4+000
2.3
249,323,693
;
545,273
+ 23.9
+
12,045,000
,
'
:
'
490,822
253,774,757
-Number 4091
-Volume 15&
THE COMMERCIAL & FINANCIAL CHRONICLE
-Month of June-
Inc. or
Clearirtgs at—
"
Second FederalReserve
1942
•
.
•
.
Blnghamton
Jamestown
:
"4,913,361
:
3,907,500
16,464,655,193
43,409,013
York
—35.6
-
i
4,202,451
15,482,889,261
:
+ 54.5
"+
=
+14.6
5,469,937
25,408,914
27,283,328
3,004,004
Newark
1941
Oranges
(14 cities)
7.4
+ 65.8
.
+ 13.5
16,053,344,633
17,085,105,668
.
•*
0.5
+
7,1
21,199,667.
,
96.189,682,732
4-28.9
+ 18.6
5,671,552
1,134,938
36,200,000
776,585
+ 84.4
654,373
:
1,117,136
+ 10.5
3,434,748,060
+
6.1
..+11.3
92,076,612,276
4.51
+
;
.
634,798
—
856,588
858,726
2,831,079,389
2,816,602,474
9.6
8.525,430
9,086,480
.5,049,852
+
,4-()
4,989,750
4,628,577
4,967,067'
395,718
20,843,497
29,347,470
+ 26.0
4,Tl7/186
4,266865
—
—
1.4
388,255
410,397
16,464,337
22,887,497
21,986,117
2,933,269,295
2,917,334,160
6.6
—12.7
••
.
•
+ 11.6
.
1,062,368
'
6359.531
390,315
19,473,516
25,625,358
6.9
+
8,890810
31,700,000
9.2
4
11,636,484
'
11,491,930
1939
$
6.0
1,219,644
5,874,976
' 8.9
—
3.1
+
1940
43,000,000
3,751,755,673'
'10,514,309
4.8
or
Dec, 7c
*
1,234,399
4.2
554,082,340
711,829,924
18,997,249
.
6.4
+
"
+
12,284,458
.
Inc.
;
7,675,290
,
*51,000,000
1,432,176
22.1
+
+42.2
28,108346
587,740,666
792,577,8,74
2.1.
+
+ 11.0
+ "9.2
"
139,586,443
151,990,346
7,212,779
1,571,618
,
"
-
149,608,841
.28,984,457
'
7.5
4-
1,811,410
97,041,038
118,445,030
3,070,297
99,105,010
131,514,892
3,483,698.
J,
—
262,402,339
;
—17.9
.
92,545,794,769
+ '2.5
23,027,151
.
25,162,990
■
6.3
5,061,087
V
J.-r-Montclalr
Total
1942
$
290,841,871
"34,450,785
1,072,332,431
.18,360,445
"25,038,026
88,783,740,001:
245,000,265
142,752,220
=
26,111,707
7.0
—
42,365,202
Utica
Conn.—Stamford
N.
Week Ended July 11
or
Dec. %
$
1,309,315,654.
+ 21.7
<
26.391,056
Syracuse
Northern
1941
,
,238,904,809
.37,604,155
2.0
—
3,180,387
i
.
Rochester
:
45,756,810
5,720,080
194,956,665
237,314,572
:
N.
1942
*
\
$
5,603,682
Buffalo
Elmira-
New
Inc.
Dec, 7o
'
29,459,272
.
*
:
1941
District- -New York—
JL V.—Albany,
•
$
2! 5
-Jan. 1 to June30-
3,882,344,650
+
3,561,376,803
9.0
17,206,836
Third Federal Reserve - District—Philadelphia—~
Pa.—Altoona
V;
Chester
r
•
r.
Lebanon
•
Lancaster ■>,
t
,
:
;
'
Harrisburg
>
2,034,666
v4,187,916
2,434,116
11,671,654
7,208,595
t,-v
r
Bethlehem
j
_
Norristown
Reading
v
:
Scran ton
-
■
Wilkes-Barre
-
.-York_i_
•Pottsville
Dii
2,596,709
2,414,762
2,163,000,000
7,669,075-
—13.9
N. J.—Trenton
—
22,056,500
2,289,432,549
:
;
-3:7'
—26.8
-
.
t
,t,
v
14,991,453
402,857,392,
816,345,686
Cincinnati
Cleveland
Columbps
Hamilton
Lorain
56.816.400
3,344,702
.8,496,419
34,369.848
Toledo
=
Pa.—Beaver
Co.
1,393,276
-
Greeiisburg
Oil
W.
—
-
+12.3
-
11,558,646
5,531,340
+ 22.9
6,032,420
8,480,607
(17 cities).
7,980,257
2,374,343.155
Va.—Huntington
■>.
+
1,601,107
2,113,895
t3.9
1,760,106
+ 40.6
1,266,925
1,405,553
1,299,957
J
1,004,988
fv•/
4,383" 100
4,177,400
;
<
,
.
-
n,
,
,
.4,
.
584,304,806
.
"510,243,880
:
4;7
4,426,600
3,733,700
+14.5
400,501,892
377,219,503
;,
•
"J
3,705,454
+ 14.8
79,571,783
142,921,758
C
:+ll.l
10,529,700
+ 27.0
>
+ 23.2
2,522,196
65,532,436
110,901,392
11,429,700
..
.2,165,799
.
81,984,254
104,462,278
11.193,800
7.7
2,290,440
-
4.9
2,055,470
3,505,442
-3,479,643
1,904,566
1,929,219
3,502,568
3,049,037
2.0
+ 22.2
46,143,924
13,035.527833
s i
4,255,270
-88,417,931
176,151,125
13,373,100
+ 20.Q
-5,602,945
-1.1
+
10,621,951/214
52,383,750
- + 22.6
+
—
<=—■
6,642,894
8,115,<148
'
6.3
.
155,349-218
61,044,151
80,211,722
:
•
+
4,2^6.550^07
51,747,372
61,497,521
43,969,605
45,191,345
V
i
J
+ 11.2
40,602,123
-5,665,073
'
3.5
+ 21.8
+22.6
207,316,744,
160,921,680
+ 28.8
133,094,624
115,551,614
•403,211,287
..
+ 22.8
328,887,482
300,336,001
776.600
+ 46.5
536,606
364,659
3,799,000
40,319,539
1,376,677
39,334,413
71,355,427
+ 18.0
+ 30.4
+ 19.1
2.1
+
+22.7
+ 17.2
23,086,035
19,857,602
+ 55.2
> 143,160800
99,710:000
-
+ 19.6
1,446,853/820
1,243,156,092
-
13.145.629
13,362,301
-—.1.6.
7,713,872
6,657,645
500,561,533
+ 15.9
.
7.804,080
533,092,396
495,284,253
2.025.157
142,574,129
V
1.010,981,516
cities)
910,767,566
Federal Reserve
5,397,000
+
9.7
.57,426834
+
1.3
11.9
2.363,745
56,703819
2,291,481
+
3.2
+
74,503,172
+
s
+16.2
2,530.750,965
13,225,483
933,011,374
10,960,285
830,296,719
5877,984,728
4,890,510809
■;
24,519,393
Augusta
f 8,272,642
7,851,388
,
Macon
Fla.—J acksonvllle
•
18,399832
>
6,193,860
>
^Montgomery
Miss.—Hattiesburg
> 10.648,000
.■S* 7,889,314
2,220,774
Jackson
Meridian
657.800
277,929,330
(16 cities)
Seventh Federal Reserve
1,215,211,091
+34.9
:
' '
" 996,988823
•
=
165,703,988
«
+16.1
,
Arbor
:
" 64,402834
+
v
,<;
■'
V
." 745,361,692
,
;
44,970,"711
+25.8
+
r
.
47.1
-
074,668815
^
>99,511,807
-
-k
29,~648~319
26,693816
5.0
159,614,578
142,134,014
+
—
—
v
4.0
.5,4
;r
a
+28.7
'+ 21.9
.
,
57,500,000
1,505,645
1,429,737
"
1,658892
33,035,740
19,871,000
.
+ 33.8
36,348,771
+ 49.1
•'4,989,456
29,373,054
64,190800
.+
53,611,719
<
.
.14,874,610
?>■
«:4,436^54,
1.
4.0
LiosTii
lj9~7837
+ 66.3
19,865,000
17,155,000
22,~99~3"2i4
21,764835
.2,000,431
1,923,486
7,352,874,855;
29833.091
2,980,664
+ 67.4
64,525,794
198,938
49,155,228
+ 31.3
285,480,257
236,230,763
,
0.3
+15.3
8.8
+
.
+. 2.7
1,278,518,028
,
+
5,998,268,249
'
+
+25.8
13.672,798
* 4.317,429
.
+ 22:6
1,584,450,561
,
3,981,611=
18,157,656
60,400,000
2,048,206
.,66,724,266
■
64,378,000
61,827,351
-
■V
,.+12.5
-,=
+ 11:6
36,948,582
;
+11.7
.
4,702,005
16,160.358
93,000,000
'"
+ 34.3
V'
5,955.447
31,429.797
2,152,300
928,590,452
-
;
v
23,9
.+ 1,917,599
+26.0
•V
12,367,504
"
+ 11,3
765,435,175
+41.8
5,732,890,164
4,211,411,932
+
211,039
6.5
161,768
139,240
35,284,493
37,237.320
+ 20.6
164,176,103
160,486,030
-10.7
404,357
+
'
+ 36.1
5,738,483
+19.9
43,843,200
35,245,080
+ 24.4
19,448,074
17,630,316
102,750,128
100,475,300
"3,337,087
2,764,271
10,913,756
9,395,169
Grand Rapids
Jackson
•■■■
■
Lansing
V
Muskegon
"
Wayne
9,828,031
+
14,137,811
.13,251,319
30,577,072
,
132,905,670
V1.
'
,
.
*Des MolneS
Eioux+City;.
3,960,237
2,981,510
.
+ 21.2
+
57,746^620
+
65,899,403
•
123,089,.095
;
2,845,394'
1,837,243
1,349,471
r:i.
-t;
..
13.9
'
14.1
+-
606,632,786
<"
2,876,821
2,306,575
34,111,000
+ 24.7
1,904,040
1,080,584
27,427,000
20,798,000
20,629,000
3,471,400
2,944,604
2,216,500
1,564,479
8,311,483
7,225,717
5,920,045
5,403,251
21,380,256
22,668,635
••
112,061,537
701,283,374
>.72,582,981
r
*+15.6
68,552,143
187,544,043
•
,5-9.
9,8
t,.
+
>
5.9
165,881,668
:+i3.6
607,106,486
+9,440,317,
-+13.1
43,525^179
-
'+ 20.3
-
•
+28.7
>
730,504,580
+19.1
V
1,638,060
+
30,361,578
-
25,274,703
+ 20.1
15.3
:
y1.
:•
+14.4
20,013,255
r: 41,188,197
+ 18.4
3,355,926
+ 26,6
•
4,250,133
ll;7i2,796
9,276,154
+
26.3
*
47,190,867
-
+*23,696,503
;
+25.9
■
'*. 10,570,312
•
"
+38,7.
590,466.
.
-12,18.7,941
;
'+7.2.
3,523,775
•*
6,569,047
"
416,029.
'
818,794
'•24,912,610
22,105,840
•■»"'+12,6
1,8Q9,?36
7,513,486
.••7
+ 28,9
19,056,051
V—
0.9
+,6.7
+
7,523,838
55,584,214
-
53,885,493
-4,090,669
4
103,286,247-
2,154,670
2,063,290
la.—Cedar Rapids;
.
3,778,243
;!
Watertown
685,313
"
8,470,377
-Manitowoc
V-
+ 12.8
"21,707,320
'
•; +13.7
107,639,039
32,395,,406
-
17,668,776'
26,799,956
i
4 + 19.7
.
'
•
.
■
+ 24.8
'Terre; Haute
'Wis.—Madison
Oshkosh
n
+18.9
Bend
Cheboygan
611,924
2.3
+
19,932,943-
69,470,260
;
<
+ 16.2
20,214,.740
122,348,999
'Milwaukee
<
'
:.
.22,040,484
Indianapolis
13,766,483
)>
+ 20.7
3,869,594
-11,766,533
^
+ 10.3
,
3,309,771
7
7
3,933,761
jGary
-
:
4,827,584
+
Bay City
■
.;Vl7".8'
18,877,079
1,015,158
1,133,602
III.—Aurora
3,244,926
2,944,562
/
+10.?.
•+24.2
;
35,653,786.
—10.4
135,853,797.
.5,879,238
.
.
+ 15.5
i
+ 23.7
106,866,374
:
.
281,250,057
347,845,989
+ 32.0
)'. Ames
i + 27.1
5,814,496
.+
1,852,511
1,527,968
1,226,123
1,187,302
13,195,231
11,309,965
9,652,699
8.142,344
6,217,160
4,962,736
4,167,967
3,607,239
•
1.1
"
Bloom ington
v
2,575,200
2,072^79
Chicago
1,768,944,515
1,719,657,195
«_
<-
-
■
.17,060,668
>12,396,465
,
15,116,224
:
•
+12.9
'
11,760,366
+ ..5.4
+
9,482,718,921
+ 10.8
408,563,261
518,684
386,591-
+ 34.2
-
-
386,761
-
331,588
"
+ '2,9
10,510,652,408
+18.6
35,555,388
384,113,676
'+
6.4
304,783,183
306,814,110
"
Decatur
6,758,209
5,700,485
-21,083,147
21,659,337
,
_=
-
*
2.7
123,685,454
8,242,173.
+ 16.7
y * > 51,831,697
7,472,138
+
—
34,309,251
<
9,621,304
'
C
V Springfield
8,727.677
Sterling
■
)
.
"(31
889,673
*•
758,700
.44,930,605
16.8.
+.17,3
•+
3.6
118,420,979
.
•
:+12.7
1,863,759
';+ 4.4
46,008,989
"
Rockford
Total
82,934,437
+
; + 28.7
,
•
.,
'
:
;
**1825,000
.
+ 12.1
: 57881,992
.
,
6,882,199
Peoria
5.0
T¥i
7.9
+
■
38,349,337
'30,980,016
104,500,000
;
+ 60.9
41,766/281
,
43,005,925
.831,655,151 i
,
} ,+
+17.4
■V. + 24.5
,
45,068,066
;
+ 25.4
^ 21,1
2,416,197
Flint
;
228,660,994
; 7,011.241
+ 16.9
612,485,977
2,094,511,000
40,035,.078
2,536,000800
1,085,623,350
*
240,068,591
r
37807844
■
District—Chicago-
Detroit
South
126,284,850
40,620",349
12.6
+
141,789,527
.
768861,819.
-
<;
i
+ 28.4
+30.2
.8,217,123
:,, 2,347,845
V
584,562
215,996806
"
..VicksburgLa.—New Orleans ]
J.
+
+
"*
12,508,546
4,611,422
9,533800
o.i"
.+ 24.8
*+17.9
;
6.032,520
114,321,910
7,204,434
125,262,263
"8,970,887
157.545,255
-Mobile
6,445,355
.
>
134,200.904
.Tampa
'Ala.—Birmingham
=.
132,598,799
+20.7
.
-
t-
24,549,320
-8,612,369
Columbus
/'••
1,232,499
32.7
District—Atlanta-
106,354,961
Ind.—Ft;
3,154,000
+ .48
36,768,279
;f;+ ii.q
346,634,000
6,383,856
Mich.—Ann
.
+ 5,921.000
+ -16.4
44,506,895
»
w
9.6
1,137,964
,
+ 43.6
48,782,755
2,941,920,583
.
;
+ 10.2
+
49,787,080
+16.3
.
.,.78,157,598
:
6.5
+
2.232,228
(9
Total
8.2
+
.
156,200,419
C.—Washington
132,700.143
i
2,474,362-
+ 26.6
3,568,167
408,600,000
!
2,376,501
*1,476,885
"1,271,172
+ 22.5
16,714,000
Nashville
<
3.8
+13.2
>+
217,500,548
•
Ca.—Atlanta
«"
—
.
5,-23'
:
-
6.3
+
-1,936,027,903a
4,180,608
25,943,000
Tenn.—Knoxville
J
-
V
":+" 9.i.
;
•t
^
365,000,000
1,429,764
7.4
1.8
+
■
200,025,584
8.447,780
Frederick
«Ixth
;
387,000,000
9.4
—
Federal Reserve District—Riclimond-
Total
<-
;
f
■
14,204,040
Greenville*
Md.—Baltimore
-
F-
+ 20.2
'Columbia
J
V
+17.9
■'
61,227,051
+ 84,317,638
it 39,775,150
-186,479,514
,
+11.6
,
7,143,626
v
2.8
: —18.4
9,237,013
'
t
-
*
-
C.—Charleston
;
?:
;'"345,995;300
t J-20,062,392
6.3
■■A:
"
*
4.9
+17.5
-♦'+
6.8
.Richmond
-
■V
+ 23.8
Va.—Norfolk
D.
—
-1,103.517
City
Fifth
-•
'"+15.0
—
,
+ 12,2
77,267,666
'1,895,009,595
3,439,745,916
325,342,400
;
16,471,188
6,424,254
1
56,843,464
88,694101
.11,100,560
Total
,
;
1,25+497
2,161,744
-
2,756,412
i
79,946,280
2,321.405,789
V 782,664,726
Ky.—Lexington
W. Va.—Wheeling
•
337,962
1,3~43~696
■
4.7
"?>V 4,404,315/344
-1,112,263
<
Erie
-
397,915
*475,500
,
7.7
+
+19.0
969.223,811
Pittsburgh
;
317,497
2,975,452
1,957,020
%
+-11.2
-r
+12.2
C
2,846,982
1,140,345
10,337,608
17,535,006
7,611,238
29,158,816
1,240,711
14.315.401
Newark
.
1
+ "0.2
13,182,848,258
a.
~
10,046,778
Youngstown
f
?
!123,956,700
467,556
+. 7.5
,
494^000,000
568,000,000
,
'
0.3
+
.+ 28,3
>13,364,348
338,561,042.
636,418,508
59,737,800V
i.'s 1,212,099
Mansfield
/
..
—
+
f f 14,917,057,510
+ 10.1
1,650,362
467,800
+U.3
,
,
Fourth Federal Reserve District—Cleveland-
Ohio—Canton
;
'—21.6
3,841,326
16,240,673
128,880,494
119,394,700
4,135,214
144,614,306
,>*
1,78~7~569
9.9
+13.6
7,269,413
.16,996,791
,
+ 21.6
4
•
+
30,471,198
'40,667,851=
•"■'.
—11.1
=
534,693
.
•'
.
8.9
—
'
44,003,450
■
45,229,851
,"7/397,448
,
.
v
'30,522,269
-
—j;
y
14,946,'606
'
3.8
+
641,503
660,029
-
r
' + 11.9
.
66,016,751
0.3
+
<r
2,924,173
65,272,586
38,928,468
'• 65,822,516
0.7
+
*•575,000
12,431,575
J
"8.2
—
763,350
',+ 4.2
+
12,544,000,800
+11.6
1,320;795
2,521,791,412
t
:
570,195
734,776
*,13,662,180
:
—15.6
27/688,852
30,146,000
,
Total-
4
'
8.3
14,254,000,000
I • " 34,509,580
—13.9
6,983,439
32,950,156
-
...
■
+10.9
1
5,617,131
3,031,702
.
67,774,373
43,542,350
1 13,615,751
"
765,652
Hazleton
!
0.5
—
•
12,864,329
"
-
,J)el.—Wilmington
,
"
+ 10.1.
'
Bois
.
'—12.4
12,335,408
;
12,857,820
.+ .7.4
1
13,908,532
24,239,227
.
r 26;240,133
,
'
2,399,000,000
.
6,476,502
11,074,702
5,157,782
7,792,5741,311,601
:
..12,180,228
V!.
3.2
+11.3
;
,6,548,727
2,401,762
Philadelphia
—14,7
+
2,186,141
10,866,411
2,235,532
.
'
2,385,431
4,057,224
«
40,403,320
-+11.2
-4,975,563
-4,324,517
16,359,585,622
+18.3
+
39.6
973,396
1,078,758
4,946,638
+
72.5
4,450,231
4,403,502
*2,438,009
1,960,163
+
24.4
1,444.393
1.147,782
!
2,230,949
1,856,289
+ 20.2
1,703,953
1,643,819
532,230,669
484,060,754
+ 10.0
385,717,162
384,313,287
+ 15.1
19,345,207,989
1,335,336
8,535,120
-
'
•
•
^
cities)
8,401,132,004
2,952,222,365
+
i5.2
CHRONICLE
THE COMMERCIAL & FINANCIAL
2X6
>
-Jan. 1 to June 30-
-Month of June-
•
.
1942
$
1942
Dec. %
1941
+ 13.5
3,425,436,212
—12.5
729,439
+ 20.8
25,462,754
4,759,595
215,142,309
125,504 174
389,753
3,337,000
+ 12.9
1,419,969,861
+
1.5
+
46.5
871,633,958
2,841,662
+ 29.4
20,670,000
1,227,524,598
763,573,323
2,194,351
16,947,000
886,265,626
+ 11.6
5,770,774,042
4,863,724,361
22 100332
20,467,629
373,735,578
1,945,907
+ 8.0
+15.2
—11.4
93,793,066
2,433,260,724
10,164,034
85,712,689
1,997,253,138
11,086,126
+14.8
950,712,377
779,779,682
11,723,044
2,367,154
10,048,452
2,873,337
—-
571,087
—
(7 cities)
4,317,000
989,111,123
—w
126,800,000
;+
119,200,000
57,020,608
*30,338,238
1940
or
;
1939
.
Dec. %
.
,
$
6.4
-
90,500,000
89,600,000
50,673,370
37,764,356
35,647,461
27,683,354
16,921,703
18,1*41,705
10.7
~~6~00~,000
"496*000
+
8.3
145,860,059
143,885,166
+
0.3
2,889,167
74,185,632
3,445,587
74,942,794
+16.7
—
^—_
Inc.
$
+ 21.9
9.8
2.9
881,002
242,864,265
127,424,702
———
Total
2,821,744,975
.27,794,015
21.4
536,303,288
4,859,663
608,802,172
4,250,895
,
—■;
111.—Jacksonville
Quincy
+
430396* 597
1
Cape Girardeau
Independence
Kjr.—Louisville
Tenn.—Memphis
1941
$
Eighth Federal Reserve District—St. Louis-—
lfo.—St. Louis
1942
Dec. %
1941
*
$
$
■
Week Ended July 11
Inc. or
Inc. or
Clearings at-*
Monday, July 20, 1042
8.4
—.
3,946,099
+20.6
.
'
+ 15.7
+
14.2
+ 29.5
~
+ 22.0
""861,000
964,000
+ 18.6
215,019,846
198,520,724
9.4
+21.8
8.3
.4,178,091
4,166,213
108,748,434
96,252,422
Ninth Federal Reserve District—Minneapolis—
Ifinn.—Duluth
Minneapolis
L724077
Rochester
St.
2 244 794
*418
430,814
12,170,380
11,617,610
1 257,000
12,503085
1,102,000
1,118,630
4,055,675
8,804,701
1048 838
D.—Fargo
Grand Forks
879,536
+19.2
3,830,015
4,441,772
14,669,564
•■"'+ 1.8
1*175,864
Minot
0.
+
437
Fergus Falls
If.
142,793,503
2,044,951
163,866,056
Paul
Winona
5 274 960
D.—Aberdeen
Sioux
Falls
Huron
3897 257
Mont,—Billings
4*012*820
16*183*058
-
+ 4.8
+14.1
5.1
+30.1
-
'*345[478
320,817
592,258,702
+14.6
453,420
705,119
11,999,689
154,626,000
23,949,895
Tenth Federal
.
4,946,751
22,973,05422,386,883
,96,473,432
1 85,159,321 V
"
1,668,361.
—
-
+10.3
+ 5.1
+ '3.4
5,457,769
24,140,803
23,140,000
+ 41.0
Lewistown
"
-
,
1,857,881
.
.
'
3,835,894,296
j
639,519
.
Hastings.
Lincoln;
808,879
15,692,771
-
,
Omaha.
Can.—Kansas City
Manhattan
Parsons
Topeka»
217,252,991
*25,000,000
1,010,459
1,415,750
'>>>"
12,257,678
: 20,616,892.
,i K
3,388,699
Wichita
'
t
;
-
,
c
632,008,158,
19,035,634
571,023
42,221,595
.
f
,
„
...
1
:
Okla.—Tulsa.
Pueblo
.
.
—
Wyoming—Casper
.
+ 30.5
+
v
119.6
+
J
+ 23.4
1 + 27.0
2.9
+
0.1
3,522,931
-
1,879,561
934,574,039
+ 26.4
8,011,592
+ 11.9
...
867,547/542
:
.19,656,753
9,808/780
-
9,727,840
.
2,720.035 * - ""
t;
5,287,082.
'
■(<}', 125,¥3*7*100
155.32M81
4,044,522
I
3,202,957
.
5 +
r
59.8
y
7.9
.:+: l.o
:+
;
.1;\
.
'■
'
f
•
->
,
'+
X
••
(
1,*075*854
Dallas
-
v
-
XI Paso
Ft.
Worth
GalvestonHouston
Arthur
Port
•
;
,
Wichita' Falls
+ 23.1
-5,391,627
288,747,000-
334,248,000.
30,243,659
44,488,616.
11,355,000
304,481,733
3,053,242
4,730,954
2,554,102
19,207,158'
-
*:
+24.3
227,253,904 »
La/—Shreveport
Total
+ 23.3
12,596,564
+
29,070j449
—
7.9
—
65.654,000
+ 19.0
+ 38.1
—
-
2.2
28,748/357
+ 78.6
+17.2
2,529,013
—18.0
38.5
+
24.4
6,628,308
:+
1.6
V- ;
1,763/471,491
32,760,923
37,600,354
12,517,000
.
+
+
+ 27.9
>177,650,900
2,230,730
--+1-7.0
.157,941,673
.159,624,266
«
.-83,*073"644,-
-
-2.120,074
67,004,472'
-
51^07*6*000
9,274*526:.
+ 30.4
2,160,000
+ 25;9
-
1*20*8*942
9.0
7,111,454
2,745,000
+ 29.5
+
2,036,998
>
-
56*8*33,531
1,504,639
-19.6
-
*
7,475,160
„
.
>2,238,000
>
;Y
7,*95Tr707
;
1'
1,646,100
+ 23.3
32.5
1.1
•;
i
1,034;905
-
1,050,510
+96.0
3,8*18*282
i+
102,386,500
83,650,937
:+
22.4
67,628,583
.72,960,904
+35.6
76,390,781
55,532,856
+
37.6
1.423,598
1,472,384
43,272,211
1,388,832
38,592,089
+ 15.1
46,872,953
37,989,683
33,492,896
17,7*36,104
15,347*657
15,oTl",565
6,7*10*094
3,745,401
4,789*706
3,*32*4*113
4,74^801
3,¥9*3*877
4,~399"r62.7
209,788*600
206,23*9*666
*143*8*40*813
148,448*665
9.9
3,500,380
4,416,423
3,126,238
3.209,697
—10.2
1,441,025
2,567,868
2,250.276
1,477,969
2,060,312
2,555,564
98,412,582
; +19-2
;.y* 4,853,658
3,816,082/428
+ 19.8
;
..
'
2,032,190
6.8
+
9,593,810
15,825,302
+
4,990,882
•
4,573,157,010
235,194,194
..
117,342,057
656,801,083
..
18,800,347
14.2
769,961,087
(11 cities)
-
27.1
29,092,056
-1,706,544,800
170,759.434
198,620,674
00,238,000
1,456,736,333
16,693,493
+ 20.6
36,068,375
12,326,000
255,882,161
2,210,319
4,835,150
1,430,429
16,822,653
~
-
2,074,104
'
1
•.
-
+ 27.6
44,418,521-
•
v
1,795,839,041
+15.8
25,075,777
56,659,529.
36,964,529
1,990,927,000182,408,173
257,120,484.,
v
-
+
325,637,686
6,208,972
Texarkana
.""■693927
" 87*1*317
.V-•
0.8
—
*
1,63*8*899
•
-T.w
f
■-
.1-'
8,963,587
-6,635,036*
>
Beaumont
3,005,452
4,008,181
+18.8
•*>
,,
X
.
*
>
Texas—Austin
-
31,934,830
2,262,082
6,389,930/
! Eleventh Federal Reserve -District—Dallas*—
.
t
2.1
—
5,304,585,960
6/591,892,992'
f ,: * >
:f>
:+22.6
15,247,737
v
19,858,880
3.3
+
1,181,084,844
.
v+27.9
224,929,252
!
+20.2
.
96,454
173,988
3,115,716
31,229,170
147,582-
2,827,751
-
+.42.8
"
4,050,633
24,360,504
+20.5
.
...114,166
>/.: 3,115,902
36,783,334
..
+116.0
12,809,234/562 >
I
87,871'684
935,808,993
+ 118.5
2,457,497
147,498,437-
■
118,393
173,866
52,204,721
? +. 5.2
+ 29.6
16,318,886
.
111,855,517
1
">92,404,'901
267,139,805
'
113,957,237
+ 13.6
.3,965,641*
'
.
847,761
3,4^22*660
V
+ 14.0
5,019,462
4,345,745
"60,463,217 *'
*
107,719,761
+ 26.Q
—
:>
+ 15.7
141,248,117
183,364
3,514,269.
+ 32.9
883,073,008
119,786,527
23,303,314*
3,593,219*935
900,341
3,830*572
">
'
125,447,486
63,608,390 ~
'
785,087
.,>;
161,129.
■i
+15.3
72,420,688*
'
13.2
1,818,814
.
Total. (18 cities)
1
+29.4
20.0
966,563
,-<■—
..
—+ -6,9
3,978,113-
-
-
*
177,680,145
.4,234,686-
Denver'
•
•143,000,000
5,704,568
9,385,795
4.4
+
42,183,886
5,369,904
Colo.—Colorado. Springs ;
.
+ 40.5
-
'
.
Mo.—Joplin.
•:
Kansas City
Bt. Joseph
Carthage
+ 30.8
774,370
644,684
9,475,091
18,204,809
2,745,884
497,820,532
15,104,609
588,372
'
.
-
0.4
4,194,829
4,597,889
163,448,595
+ 28.2
2,767,511
3,548,733
4,254,273
83,510,760
1.173,989,273
-
+ 14.7
—
26,230*737
—
.
,
:■!
•
.
•
r
i+20.8
3,174*783,034
985,348
...
,
.
Reserve Dlstrlct- -Kansas City—
Neb.—Fremont
.
-
+ 13.3
; +11.4
.
+
+
+12.6
; +18.5
>+11.9
. +24.9
+33.0
,
5,823,412
22,690.603
47,689,933
,
"+28~8
-
,
6,756,000
'
+ 13.0
—17.6
67,935,292
:
8,009,000
6,515,421
28,351,371
63,433,147
+42.0.
678,620,433
Helena
(16 cities)
76,495,073
j
+
9.7
+10.3
+ 7.7
Great Falls
Total
—
+
—
:
^684*446
3,422*058
;
Twelfth Federal Reserve District—San Francisco—
'
J
Seattle
Yakima
Ida.—Boise
Ore.—Eugene
6,737,264
2,156,000
-
Portland
204,775,130
96,691,601
Berkeley
Modesto
26,547,666
8.8
—
4,361,385
—10.5
907,839,850
771,673,726
+ 17.8
5,157,743,426
13,087,625
13,767,784
5,285,501
Francisco
San
7,332,596
Jose
Barbara
>
Stockton
(19 cltie3)
total
/■
13,988,251
3,902,773
San
Total
77,537,427
159,797,398
1.0
—
—
(190
cities).
Outside New York.
■>
14,177,044
1.756,460,203
34,535,148,648
18,070,493,455
—
84,801,400
7.7
+
+
rV,:.-
1942
Toronto
+
108,257,270.
Ottawa
211,907,971
Quebec
;
Baltfax
;
Galgary
_
;
"+18.7;
+
'.+
29,754,087
33,541,792
)
11,195,324
8,202,611
14,252,626
-
135,432,246
25,005,040
20,706,761
Regtna
+
1,499,662,626 r
.133,686,054
> 186,881,408
V
170,174,874
1
Brandon
+ 17.7
-2,643,617
Saskatoon
^7,038,363
Jaw
+
—
< -
:
—16,8
3,023,420
4,626,525
5,295,997
3,281,735
1,442,038
3,171,896
L
.
-
:
110,603,793
;
-
+ 15.7
+14.Q
-
6,653,927
4,993,166
:
■74,755,284:
149,681,480
+19.2
2,984,620
Hew Westminster
Hat
5,118,454
V 4,086,497
1,269,437
"
Peterborough
"3,860,424
4,746,024
>.
Sherbrooke
Kitchener
5,710,419
18,811,953
Windsor.
4,090,892
5,316,874
5,277,188,402
2,552,752,904
+
:
—
>
11,105,344
15,991,484
5.8
40,272,027
1.3
20.157,472
7.9
27,907,952
3.4
r
+
—
28,307,232
22,820,821
.
+ 24.5
.
—12.0
4.3
52,523,018
+ 40.9
28,255,016
73,041,637
6,677,372 ;
!
♦
+
■
•
X
^
1.3
;
+
/
+
8.3
/,
+
3.9
+
.;
8.7
2.6
8.7
•
,
+21.7
+16.0
./
;v"
1.7
6,982,206
"
•
:+12.0
+ 26.4
•^14.2
101,815,629
+
..
,
.
>
9.6
+
8.8
+17.1
+
16,274,891
21,796,037
-
+
•
7.5
i
■r
r
; >
,
-
;
;
24.9
+ 16.3
30,024,580
^91,643,645
+ U.1
+36.7
.
+31.9
+ 26.5
+ 34.0
.
.
.
,
0,325,795
4.700,170
1,971,420
4,620,375
2,500,177
>
"
>
-
4,619,997
4,043,853
.1000,492
"
1,806,151
-n
;
>1,912,868
2,157,398
-2,602,594
•"
4,158,602
4,071,081
398,569
----
+58.0
--
4,058.928
3,267,607
,
449,639
1,400,651
520,088
1,052,841
+44.1
+ 13.0
35,322,629
15,425,936
.17,234,145
3.248,663
—
+ 15.4
1,158,041
996,865
298,908
484,004
-
1,088,199
634,039
*
869,017
874,640
551,146
-
689,507
850,086
,
.
.
1,200,843
3,384,837
396,952
944,673
740,594.
212,867
627,281
220,065
+ 28.4
655,470
578,972
+ 27.2
811,659
1,071,302
2,442,193
331,111
1,047,835
727,340
608,800
;+13.6
879,172
365,537
4,448,491
906,146
42.5
;
1,401,526
694,432
372,149 /
1,081,572
1,429,982
.
+10.8
40,490,404
5,520,470
"
+ 34.3
+ ,4.4
+
:
536,776
,
885.434
,,
"
+
V
12.8
'
-45,960,555
+ 15.1
+14.0
451,082
.2,214,8631,000,830
1,336,856
1,126,173
998,843
-
•
•
4,624,490
570,564
719,054
!
+21.2
*
+ 27.9,
5,109,457
f
+10.4
: +
2,896,764
6,100,364
.
,
.'
2,163,069
;
;■
95,425,857
'
'
2,257,213
4,127,013/
s
87,792,845'
94,279,698
43,659,230
—17.6
•
1,988,187.
,
;
86,869,114
:+48.3
5,779,091;
"
>
,
+ 21.4
•
..
>
;;
'+25.6
7,347,506,
33,256,360
6,589,379
2,670,383
-
19,490,770"
25,340,220
7.4
7,829,552.
v
,
1939
♦
$
+38.7
.
5,803,704
0,535,870
6,941,687
.
".4,521,255
+15.3
:+
.
„.
+34.2
•,
-
66,166,682
; 150,039,348
1940
--
Dec. %
19,049,095
+ 14.6
+
26,020,126
,
119,496,955
+ 25.8
,
1
~
7,900,027
20,324,631
"
-
$
Inc. or
108,168,920.
63,717,978
•25,465,217
i
1941
.160,394,902
-•
Braatford
Port William
253.264,797
5,361,520,152
2,633,014,221
+10.4
$
X
+ 15.9
-
.
161,265,279-
' ,r57,869^27r
46,801,188
5 '68,752,189
119,192,188
112,520,899
9,144,750
13,194,535
35,972,873
15,944,093
I
48,604,813
7.6
1.8
24,898,756
1,819,655
2,319,100
2,105,344
Lethbridge
255,642,393
+ 12.3
r
■
.
184,903,734
165,397,760 ♦
62,668,989.
4.7
20,969,058
-
+12.8
1942
%
..
:
100,162,072
—11.9,
'
462,376,531
"
idtoonton
•
+
1.8
+ 19.1
+ 31.4
727,992
893,845
2,923,106
2,257,500
Moneton
•Ktorsion
-
16,474,158
1,690,983
+ 33.5
12,396,364
9,466,387
+ 31.0
5,073,369
Prince Albert
4,356,988
+
16.4
28,504,590
21,876,045
+ 30.3
3,417,113
3,126,145
3,330,156
2,408,948
+
9.3
18,949,381
17,298,545
+
9.5
—10.3
16,277,958
+
6.9
762,472
+ 21.7
1.1
531,700
640,320
—17.0
508,529
483,039
1.5
17,398,823
11,922,650
28,222,384
1,571,093
1,115,754
928,139
4.7
1,172,054
1,129,136
3.8
1,081,363
1,600,974
3.0
11,912,855,322
10,183,136,500
+ 17.0
535,849,388
432,735,813
+ 23.8
329,599,338
294,475,693
Chatham
2,987,365
fiamia
2,216,576
Sudbury
Total
6.5
S
-3,067,057,672 .2,661,077,466.
1,119,577,058
1,886,209,243-
.
•
9,508,132
"8,829,126
13,990,833
Medicine
1942
+ 14.8
:
Victoria-
London
350,655,996
6,684,354,838
3,402/258,204
Week Ended July
-Dec.
1941
.651,558,5778
+ 33.9
—38.0
1,657,941
WEEK ENDED JULY 9
JANUARY 1, AND FOR
3,048,869,546
1,167,602,929'
7.0
+12.6
15,524,928
31,141,129
.29,541,389
2.680,105
3,764,420,113
87,398,-^10,429 :
♦3,554,814,264
J
22,761,025
Bt John
Moose
:;
+ 16.6
"
341,635,255
24,237,351.
17,821,479
u
Hamilton
9.6
+
Inc. or
Dec. %
531,880,744
483,410.849
213,748,732'
80,845,395
240,611,978
21.3
395,537,695
7,506,175,786
:
517,050,016
Winnipeg
."Vancouver
;
6.1
—
+23.8
$
620,125,010
Montreal
V.
7.0
—10.7
+
7,8*24*930
>
+ 40.7
+
-Jan. 1 to June 30-
1941-
-
2.9
+16.0
66,836,224
.113,592,097
24,805,454
91,745,694
25,548,826
'
$
.
15.9
+
Inc. or
Canada-
23,028*567
+ 11.4
;
SINCE
-Month of June-
66,248,433
,7,887,843,057
103,719,816,374
FOR JUNE,
+ 28.1
176,181,950,430
9,766,644,218
196,264,811,143
+ 16.1
CLEARINGS
23.0
+ 11.2
.
1,108,375
24.5
+ 23.0
,
76,201,340
3.3
+ 33.3
.4,251,437,699
77,132,394
39,373,794
69,523,475
35.375,619
+
1,428,549,970
31,052,412,164
15,569,522,903
CANADIAN
4.9
—27.9
13,165,880
T.
-
f-r-
3.4
+
453,743,137
99,598,481
46,272,676
81,932,167
23,987,252
Riverside
Grand
1.9
+ 29.9
12,600,962
21,943,008
+
10,052,000
1,119,305,707
19,018,907
47,607,523
15,333,466
'
4,468,256
Pasadena
Santa
2.5
—
+' 7.9
14,672,871
1,300,348,332
28,470,314
36,364,975
1,434,218,182
i
25,345,021
557,983,178
115,391,585
4,513,155
28,503,494
Beach
+16.2
8,699,643
12,367,640
Long
+ 22.3
16,859,447
19,596,521
8.485,910
Calif.—Bakersfield
+ 32.6
79,042,416
;
+ 37.2
3,244,975
4,301,806
V
+13.8
1,894,000
280,949,905
Utah—Ogden
Salt Lake City
Aria.—Phoenix
>
-
Wash.—Bellingham
-
4,771,291
(32
cities)
•Estimated.
4,844,821
1,964,512,209
1,908,208,248
—
—
+
8.0
*
,
-
•
12,057,770
—
26,946,013
'+
.
811,807
+128.3
+ 66.3
+ 37.5
+
.
287,152
930,087
-
573,241
522,420
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4091
Volume 156
Stock and Bond Sales
DAILY
New York Stock
«»
WEEKLY
-
217
Exchange
YEARLY
-
NOTICE—r-Cash and deferred delivery rales are disregarded In the day's range, unless they are the only transactions of the day. No account is taken of such sales in computing the range for the
year.
United States Government Securities
Below
furnish
we
the New York Stock
on
July 14
July 13
July 11
Daily Record of U. S. Bond Prices
July 15
July 17
July 16
Daily Record of U. S. Bond Prices
Treasury
High
Treasury
4%s, 1947-52,
Low
2 V2 s,
1952-54.
2'/aS, 1956-58—
Low
Low
<
—
[Close
V
■
Total sales in $1,000 units
"High
1962-67-
f High
[ Low
-
Close
Total
Total sales in $1,000 units.
sales
in
100.10
100.14
100.16
100.10
100.9
100.14
100.16
[Close
2 '/a s,
LOW
3%s, 1946-56..—
100.10
100.14
100.14
100.16
$1,00 units
100.17
100.15
100.15
t
23
101.8
101.8
101.6
101.8
101.6
101.5
101.8
101.8
101.6
101.5
1
1
1
20
101.5
101.8
1
close
Total sales in $1,000 units
.
101.6
—
101.6
.
101.6
'
'
High
1
High
2'As, 1951-53———
Low
Low
Close
Close
Total sales in $1,000 units
Total sales in $1,000 units.
104.4
High
Low
High
104.4
Close
104.4
3'/as, 1944-46.
2
%s, 1952-55—;
"High
3 Vis, 1946-49.
Low
-
Close
Total sales in
$1,000 units
High
or-KW.
LoW
2'As, 1954-56
.
Low
———
Close
Close
s;! Total sales in $1,000 units
Total sales in $1,000 units.
High
'/as,' •1949-52-------.-----—
High
'
Low
2sr
1947
.104.11,
Close
104.11
Total sales in $1,000 units
$1,000 units—
(High
2
"
High
101.2
Low
101.2
Close
101.2
-
\ Low
[Close
3s, 1946-48
104.11
Low
—
Close
2s, March 1948-50
Total sales in $1,000 units
Total sales in $1,000 units
5
fHigh
High
2s, Dec. 1948-50———— i
Low
3s, 1951-55
Low
[Close
Close
Total sales in $1,000 units
Total sales in $1,000 units—
110.13
High
Low
High
110.13
Close
110.13
2%s, 1955-60
Close
(High
fHigh
105.9
[Close
Total sales in $1,000 units
105.9
.] Low
2% s, 1945-47——-———
105.9
2s,
Sept.,
1949-1951..
| Low
[Close
5:;
Total sales in $1,000 units
Total sales in
"[High
.| Low
2%s, 1948-51——————
Low
2s, June, 1949-51——r-
■i
Total sales in $1,000 units
$1,000 units
High
2s,
Low
1949-1951--—^-—
Dec.,
[Close
Close
Total sales in $1,000 units.
Total sales in $1,000 units
"["High
[High
.{ Low
2%s,. 1951-54———
•I
1951-55————
2s,
LOW
[Close
[Close
Total sales in $1,000 units.
Total sales in $1,000 units
iHig'h
High
Close
Total sales in $1,000 units
2%s, 1958-63—-————
1
103,23
103.23
3'As, 1944r64—
[Close
103.23
*
Total sales in
Total sales in $1,000 units
$1,000 units
5
[High
1944-49
3s,
Low
Total sales in $1,000 units.
;
[High
Low
104.31
103.19
103.20
103.19
3
5
Total sales in $1,000 units.
,
"fHigh
fHigh
.1 Low
1948.
103.19
103.20
3s, series A, 1944-52———. J
1
Total sales in $1,000 units———
103.20
Low
[Close
104.31
[Close
Home Owners' Loan
104.31
—•
.
103.23
"fHigh
(Close
.
103.23
J
—————
■
103.23
Low
(Close
[High
.——v
103.20
Total sales in $1,000 units
Federal Farm Mortgage
[High
.j Low
7
103.20
103.20
.-{
1953-55———
2s,
Low
[Close
Low
2%s, 1956-59—-
2%s,
5
Low
Close
Total sales in $1,000 units..
1945
18
High
2'/as, 1967?72
Low
3%s, 1943-45.
100.14
6
High
3%s, 1943-47-
2'/2S,
July 17
[High
Close
Total sales in $1,000 units
////:■/■// u■■
July 16
Close
Total sales in $1,000 units.
2% s, 1960-65
July 15
Total sales in $1,000 units
4s,J944-54—
Total sales in
July 14
July 13
Low
High
5
July 11
the New York
on
High
Close
Total sales in $1,000 units.
,
Exchange
daily record of the transactions in Treasury, Home Owners' Loan and Federal Farm Mortgage Corporation coupon bonds
Figures after decimal point represent one or more 32d of a point. (See note below).
a
| Low
l'/as, 1945-47.
[close
[Close
Total sales in $1,000 units-
Total sales in $1,000 units.
'{High
2 % s, 1949-53—
.j Low
(Close
Total sales in $1,000 units.
2%s, 1950-52————.
•Odd lot sales,
tDeferred delivery sale.
tCash sale.
>
Note—The above table includes only the sale of coupon bonds.
TitTgh
.] Low
Transactions
in registered bonds were:
[Close
No
sales.
Total sales in $1,000 units.
NEW YORK STOCK RECORD
LOW AND HIGH SALE PRICES
Monday
^
Saturday
.•
July 13
July It
-
t per share
* 47
•45
■'!
$ per share
"■
108 »/2
*107'/a
>
•
"
35'/a
45'A
108'A
*33-
'45V2
*43
6%
45%
12
♦107%' 109
12
-
35%-
*44%
-32'A
46%
6%
*6%
19%
19%
12 %
12%
46
6%
20 %
12 %
12
32
46
6%
6%' "
20%
12
3 3'/a't 33%
*60'/a
*62
.
11
,
"
66
'I
33%
•2'A
•
4'/a
5
•
*18'A
69
65
33%
70
12
4%
•
'•"4%
18 '
•
18
18
69
; *59%
69.
4%
4%
137%' 137%
136
10'/a
*10
*10
*13
13%
13
138
•5 '/a:
10%
:
137%
10%
13%
13
■■
5%
5'A
5%
*65%, i 68 '/a
*66%
69
25'/a
26
13%
-5%
*67 »A
25%
:
5
•
12%
33'/a
33%
1,800
2,400
:
65
*60
65
*68
2%
2%
2%
*>
V
'
:
'2%v
2,200
69%
20
fa
*67
69%
-
11-
1,700
1,300
.
51
f
4%
4%
4%
*4^8
"4% *:
'4%,
4%
*4%.
4%
*4%
4% '
'
*11 :
12%
V
18'A
*59%
',«4 ■■
■
136%
136%.
*10
15
69
"
4'/a
4
;
135
/
134%
10%
*10
13%
13
13%
:.5'
5%
*67%
-
•
5% "
*67%
69
No
Corp
Address-Mutigr Corp
No
Air Reduction Inc
Vicksburg Ry Co
24"
par
10
10
:
25 y2
*17
25%
■
tf t
17 'A
17%
a.
1 5
IS
14™
*13
55%
55%
'*54
*13
,
17'A
*3A
.17'A
.
20%
20%
37
35% -35%
17%
25%
17 'A-
H
•
25
-
.17%
25%
17%
*%
25%
25%
' %
%
U
14%
15
*14
15%
55
55
55'A
*54%
55
54%
U
*13
'
700
61
Jan
;
'
Dye-
;
Jan
16
1
21
-
21%
"
35%
-
37
21%
-37-
-
■
54%
21%
21%
21%
21
36%
37%.
36%
36%-
—
Allied Mills Co Inc.
4
64
Allis-Chalmers Mfg
3.
Apr 29
14% Apr 17
% Jun 15
Amerada Petro Cirp___—No par
43
Agric Chem
(Del)—-—No par
(nc_,—'—-——10
American Airlines
6
Mat 27
Aug
5
Jan
85
Jan
Dec
%
Dec
3%
Dec
3'/4
Dec
7
26
;
27
22% Jan
2
11% Dec
-
99% Aug
% Jan
10%
Jan
9% Aug
21% Apr
-
17% Deo
25% Jan
73% Feb 27
5% Jan 13
•
4%
-
Dec
U% Jan
167% July
Jan
6
/135%
Dec
12% Jan
26
10%
Feb
14% Jan 26
11%
149
5
6Va Jan 27.
Dec
9
Oct
Jan
,,
.71% May
24% Dec
18% Feb
i
3
14% Mar
13
57
18% Jun 30
23% Feb
48% Jan
6.
3
Apr
20
41%
9
i
Dec
21% Aug
1% Aug
Feb
14%
Feb
63% July
22% Dec
40
Feb
58%
%
\
27.
' July
Sep
10
1% Jan 26
18% Jan
Aug
14% Apr
37
3
Jan
13
.87
-
81
.
Dec
30% Jan
.
.
25% Apr
17
July
75
1%
5% Jan 26
Apr 28
July
45
Sep
Dec
10
;
Dec
15% Jan
73
:
17 ^ Jan
May 25
22
Am
8%
24% Aug
34% Nov
2
13
-6
11% Apr 24
Allied Stores Corp
.5% preferred
Mar
2% Jan
% Jan
Mar 14,
800
-4,300
Dec
94% Feb
-
May 25
.13'% July
2,500
21
37%
Dec
9ys
68
5
3% Apr
9
118% Apr 28
10
Sep
54%-< Sep
51% Jan
Apr
S17%
2
12'
Alpha Portland Cem
Amalgam Leather Co Inc.
6% conv preferred
400
-
.55%
.
Dec
5%
3
38% Jan V6
6
3% Apr 17
3y2 Apr 18
9% Jun 23
600
<
15
,
43%
3
12% Jun 17
29'/a Apr 28
100
69% July 15
Allied
4,600
1
17%
*17 %
irf
X54%
21%
For footnotes see page 227.
25'A
14%
14
56'
20
17'A
*,%
U
14
36%
25%
13
7% Jan
Mar 27
par
Allen Industries Inc___
/
Feb
Dec
20% Feb
"
-
.
34-
48% Jan
8
—^100
Albany & Susq RR Co
No par
Allegheny Corp-___,
j
5 % % pf A with $30 war
:ioo
-100
5%%; pf A without waT
: $2.50 prior conv preferred-No par
Min
Alghny Lud Stl Corp
AUeg & West Ry 6% gtd
*1,300
46
.
12'
.
$ per share
16
Jan
18
1% Mar 24.
Chemical &
Jun
43
-
5'/a Apr 24
18% Jun
;
109
May 14
41'/a Jun
par
:
49% Jan 13
May 14
/Mar
-10
Alaska: Juneau Gold
800
600
•
t per share ; I per share
,
900
.
31
Allied Kid Co__-
5'/a <
69
No
Adams-Mills
Ala &
104'
25
Adams Express
400
•
10%
*13
.
:
18
69
4
■■
135%- 136
13'A-
5
■
*10-
10%.
13 %
.
200
700
18
69
*4
'
;
'
*58
18%
*58
4%
11
11
12
18%
69
*67'A
68
20%
500
'
18%
4%
*4
2,600
37
100
JVo par
1
.;<V: * Year 1941
-Lowest
Highest
Highest;
$ per share
No par
Acme Steel Co
6%
12%
33%
*60
.
2'A
!
69 %
4%
18
*59 %
*10
138
1;
■
4%
'
69%
'-ii
*11
'
4%
300
45
6%
'J
•
12
*11%
'
•
•4%
*4%
■
:
65
.
Abraham Sc Straus
-4% 'preferred—.-
1
33%..
:
2Va
'
Abbott Laboratories——
~20
*19%
'
Lowest
Par
300
<
35%
Range for Previous
On Basis of 100-Share Lets
.
Shares
.
'
n "%
.
-
33%
*60
'
2'A'
*2%
*62
4%
11%
183/8
*58
5'
4%
'
"12
12
*.
33%'
*60
%
i.
4%
*4%
'
33%
:
2'A
72
n
*4%
11
1
•
65
;
*65
"70
:
33%
*61r'
*
2'A
2 Va '•
EXCHANGE
45%
45
V-
Range Since January I
STOCKS
NEW YORK STOCK
109
"*31
12%
'
;
;
46%
*19%
12%
45%
*107%
v
35%
6%
20%
12
109:
46%
6%
*19%
$ per share
*45%" -46'A
*107%
*30"
y4
'
Sales for
the Week
Friday
July 17
$ per share
46%'
*45%
45 3A
6%
20
"Thursday
July 16
t per share
109
*31
'*
*19'/a
6'/a
20
45%
*107%
35y2
*43
*
;.
Wednesday
July 15
Tuesday
July 14
$ per share
45'A
*107%
-
*30Vz>
•
;
Sep
Jan
Monday, July 20, 1942
THE COMMERCIAL & FINANCIAL CHRONICLE
218
NEW YORK STOCK
7%
7%
7%
44%
44%
*44%
4%
4%
4%
4%
26'%
2 6'A
*26'A
*126'/a
126%
126%
126%
126%
*1%
127%
1%
1%
1%
1%
*1%
66
66
164
164
175
*160
88»/2
*164
24%
60
60'A
60'A
60%
*59%
*17%
18
18
*107
108%
*107
108'/«
88%
*85
88%
*84
88%
87
18%
*12
18%
*15
17%
*14%
187a
,
.
,
"
16
5%
*5%
" "
95%"
•
574
5'A
5%
5'A
'
*16
16'A
*957a
9%
"9'A
*%
%
*%
20%
*203/a
:*
7/a
*%.
'
"
*4
*20
9 'A
"21
:
*20%
*%-
*
9
24%
25
2
*1%
2
25 Va
7/o
20 Va
2074
*21 '/a
21%
*26%
27%
*26%
27'%
27%
*2%
2%
2%
2%
2%
27%
-
1
36%
*46%
46%
*46%
46%
46%
46%
*1%
l7/o
*1%
1%
"*1%
"1%
*74 '
4H
47
57/a
313A
*30%
"3%
'"*5'/a
*3*
•5%
1
174
3174
3%
3 Va
.'■:•
;57/a
7%
7'A
,7%
747a
"73
74%
11
*10%
11 '
5 "
*47a
19%
197a
4%
4%
18%
*22%
"
.
18%
•
'
11
5
'
*1»0
%
16%
17%"
16%
15%
15%"
14%
*14'%
4%
4%
•V
%
{'is
•14'A
11"
10%
56 "
56
56%
'
f>
147a
147a
47a
*'8%
142
"56.%
*56
56%
"567a
"6
67a
39%
"39%
8%
*8%
8%
27%
*2674
277a
142"
142 "
142
35
34 "
*33%
'
18%
18%
18%
18%
11 %
11%
10%
10'%
U Va
11%
10
*11
10%"
33'%
150%
19%
187a
19%
18%
11%
ii
20%
115%
115%
114%
18%
18%
18%
87"
87
147/a
"47a
44%
46
*131%
i
220
6 %
I
800
87a
87a
*8%
-
~
27 Va
*23%
19 %
20%
3974
39%
393A
143%^
!
300
33%
33%
*33%
33%
j
500
150"%
*138%
150Va
:
18%
18%
18%
*140%
:*141-
143%
18%
'
■"
♦10
V 10%
-
'
18%
%"
1147a
114%
*
h
45 V*
45%
1347a
*1317a
1347a
4%
*47A
,47a
•'
■
27%
277a
11474
6%
27a
2 %
*45"
47%
*45
-
4474
•"*4374
45'%
45%
65%
65
66
132%
133
133
'
443A
4Va
27
2774
637a
.;';'•
27a
2%
'
i
11474
16
:i
47%
*4 7a
4%
61%
617a.
,'V
27%
26%"-
32%
109
3
3
3
•
*54 %
*40
54
3%'
*307a
*10974
3" ■'
2%
54%
54%
54%
31%
54%
;
3
*6%
28%
28
J
-
*40
55
277a
27
277a
•6%
*6 Va
6'%
*6%
6%
*40
-54
*40
28%
Amer
1 3
8
1'%
'
*81%
95
*81%
*
31%
3 >■;
'
55
3
*40
55
27%
277a
-5
9
Jan
47/a Jan
6%
*
4%
893A
15 Y*
Water Wks
Am
1st
$6
ioo
'9
400
14
147
Feb
167a Jun * 3"
35
W
W
P
*40
;•
6'/a
4 '/a
15
99 3A
7 %
96 %
97
*94
97%
*94
39 %
39%
5 Va
:
97
96
96
97
97
39'A
40'A
397a
397a
64
64
64%
23
23 %
23%
24
237a
23%
V'V 23%
19
19
*18
19%
*37%:
38
*37%
38
*37'A
38
*37'A
38
38
*17%
18
17%
17%
17%
18
17%
18
17%
100%
*99%
100%
6%
6%
*48
6%
18
:
V
*8
*1%
1%
18
*47'A
8'/a
1%
*114%
*8
49
*
f
*48
49%
7
6%
49
*47"
47%
47%
115%
*114%
115%
*' *7%
"87#
*77/a
1st
2d
1007a
1%
♦17a
21
*19"'A
3
3,%
2%
11
11%
10%
3%
3 Va
3 Va
3 '/a
5%
5 Va
5%
-5%
.*1%
*18
-2%
21
27/a
1007a
48%,
16874
Jan
73%
Jan
Jan
Dee
159
Jan
6"
Apr
Jun
143% Jan
5
'.'*47
115%
.
$Ve
3 % Jan
3
2%
Dec
70% Feb
3
>•,"6474
Dec
18
57a Jan
6
3%
Dec
767a Jan
14
57# Jan
14
Jan
13
15
22".
,1% Jan
99%
274
Jan,
87,
Aug
81%
Sep
.
Feb
51
50
287a
Jan
Dec
Jan
8
56% July
,
30
Jan
Jan
'
*
10
•
Goods——i_i._l
•
20
Jan
Jan
Jan
%
Dec
2%
26
Sep
Feb
,337a
Mar
112%
Sep
2(4
Dec
5%
Jan
4
47%
Jan
21
60
Jan
20%
Dec
6%
Dec
3
66
Jan
29
Julir
7% Jan
•
9*
26
V
July
,
Sep
70%
Sep
72
Sep
Jan
"
34 7e
93/4
Sep
67,
Jan
Dec
91%
Oct
5%
3
Dec
87%
4% July 10
82
May 26*
Jun
12'/a
>108%
2"
57a Mar 20'
53
Oct
r
14
20*
4% Apr 28'
61% Mar 24'
115%
Dec
67% Feb
May 26
27a Apr 28*
•79
Jun
7
;
■
15
111% Mar 12
12
*
July
Apr
4'/a Jan
35
27
2% May 14-
.
Jan
30
35% July
.17%
1107#
16
174 May 26
Mar 11
277a Apr
Xl077a Jun
Jan
Dec
'
11%
112% Mar 19
May26
73/a May 20*
1
-
Feb
24
3
107
■
22%
5
17
46'/# May
14
4*
-
Jan
Aug
1167* Aug
Sep
Dec
10%
Sep
6% Jan
5
77% Jan
8
78
.
Dec
88
.
.
,
Sep
29;
83
Jan
17
76
Dec
9
26
May 26
20
Dec
35%
May 12
90% Mar
■
102% Aug
Jan
97
82
Aug
* 2
407a July
9
18
Jan
317a July
25
70
Mar
2
53%
Dec
70% May
19% Jun
2
26
Jan
20
13%
Feb
28% July
—1
16 % Jun
24
34
Jan
13%
Feb
45%
Oct
.100
33
..25
147a Apr
G & W I
SS Lines—n-
preferred.—♦
Refining...—
% conv pref series Ann.
.100
Corp——
-4-5
preferred
_:5o
H-
—No 4)ar
Powder--.*—1—1—
100
Atlds
Atlas Tack Corp_i—*.J,— .No par
Austin Nichols—h-H—*n No par
5%
■17a i
Dec
112
* 6
6 % ;
v
;v *i%
23%
-
Dec
27% Jan
4
'
8 Va
-
37a
28*
•127b Mar 11*
2474 Jun
gtd—100
800
T
49
-
*7%
.
xl43
14
19
60 '/a Jun
Atlas
100
"'*114%
Jan
27 Va July 10
116% Jan
2
"227a May 20"
Atlantic
12,800
48%
Sep
Aug
,8174 Jan
-100
600
"67a"'
Sep
<
197e
preferred___!—.———1100
& Santa Fei— -illlOO
Atl
2,600
22%
,98
-
'
par
par
*
.74%
38% Jun 23"
preferred—_i_1100
preferred—1100
conv
".•$5 prior A
l-n__
Corp pf Dei
150
.100
preferred.:*'-;—
203A
*18
2074
3 Va
2
3 Va
"
8,700
Aviation
11%
11
11 Va
'
4,600
Baldwin Loco
S'A
3
3
2
1
38%
Feb
Jan
1174 May
Dec
!,* 3% Apr 29*
Corp——i—.5
11-—i—NO par
Corp—
13
81
preferred—l—i——100
Atlantic Coast Line RR—-^^-*.100
100
177#
:6%
8 Va
3
Jan
Jan
Dec
Mining—1—50
Constable
21 % Jan
97 Va Jan
13%
Dec
1—1
"5%
;
10,000
20
17%
497a
*114'/a
2
,28%
>11% July
437#
1.25
^
Atch Topeka
1,000
24%:--
*3774
17%
8%
,
Dec
437#
54
preferred——-"———1100
"5%
320
14,300
637/a
*17%
100
67a
6%'
38 '
115%
19%
19
19
3%
3
49
*47%
*114% 115%
8%
20
100
100
*48
Dec
6%
>
115%
3% Apr
1—100
Assoc Investment Co.1—.No
200
39 3A
63%
*19
*1%
"
39
64
*6%
Dec
8%
Jan
27
Apr
7%
97%^
*94
64%
20
49
Sep
Jan
27
Jan
6 %
Va
'
*19
115%
-
54
150%
5074 Jan
53
'
19%
*8
155
Dec
157a
6
July
,V21% Jan
"
*47%
MarDec
-
4974 Jan
108 V* May* 6"
Glass
Associated Dry
5
2
'
374 Apr 27"
22
Apr 17'
"
39 3A
100
297a
13474 Jan
120
•
27%-':
*114%
-
.457, July
29"
21
Arnold
*25
49%
July
-139
Feb
12:
"347a Apr 20
51
Artloom
9974"
■27'/a
'
? 407a
Dec
Jan
■"
33% Apr 24'
101% Apr
preferred-—No par
6%
4%
*81%
ir- 5
•
*25
49'%"
Oct
Dec
138
July 13
207a Feb
,
Mar 26 "
"17% Jan
Paper Co Inc—1—5
Daniels Midl'd
No par
4'/e
*6%
.
4»A
*81%
27%
4§%
107a
29
; *
Mar 14
>11
7874 Mar 27*
Armstrong Cork
*25
6%
Jan
Dec
7
.
preferred...—_"—"—cl00
Co.—i—No par
7%
55.
28 Va
277a
7% Jan " 3
17a Apr
Cable—.No
&
$6 conv prior
54%
547a
27%
100%
.
144
9% Jan ' 2'
?;$
41% Apr
(Del)- pf 7%
*25
6%
73%
i
Dec
33 %
2
of Illinois—-__i—5
27%
Va
*99%
Jan
Jan
.
6
14
par
& Co
*25
*48
4674
4%
V
8
Jan
par
& Co
26
100
Jun
43
—.No par
Elec—No
&
Armour
60%
6%
*48
Jan
35% Jan
May 25'
29
Apr 29'
136% Jun 11
par
Armour
*53
*18
7iA
132% May 14"
Corp——1.12.50
$5 div preferred—_i
—No par
Andes Copper Mining———20
Archer
60%
23%
.
35% May 14'
"24
;
par
3
*53
22%
Dec
6% July 16
13":
6% Feb
par
31%
3
60'/a
24
374
Jan
10974
.
*53
24
6
-3% Jan
Dec
1—100
—
Anchor Hock
A
60%
*63%
.39
50
1—100
Amer Zinc Lead & Smelt
1%,
1%
*53
64
Dec
24
9% May 25
527« Apr 28
V:;r 4% Mar 11*
•
♦53
63%
17%
Feb
Woolen—1——No
"Preferred
50
1-
68
64%
9
59
No
preferred-Ill.
American
100
~9%
*66
64
Dec
Dec
-
157#
Viscose Cofp-l——-1.14
preferred——1100
5%
■if'. 900
,
69'A
38%
Jan
7a
207#
~
Dec
American
200
Anaconda Copper
*5
39%
Dec
Apr
-26% Aug
.
9
preferred.———_1_1100
Anaconda
*66
38%
>>%;
Sep
23
121
13
109%
27%
*6%
67a
47a
*81 Va
-
23%
3
6%
Apr
Mar
111
2
26% Jan
Feb
15%
4
Jan
•''
15,800
■5'A
26
2 Va
30
12
V"
Bl_——1-1.25
I
69'A
60%
Jan
Aug
"$5 prior conv preferred
*66
*55
1374
165%
Tobacco—11—1—1.1.25
"
4%
99%
5
Dec
Feb
*30%
.■•'T
547s
*54'A
4%
5'/a
8%
4
155
•
'
-
69 'A
*67
Jun
3
Amer Type Foundrfes Inc.-—111-10
-
*66
5%
5%
5%
69%
Jan
,95%
Jan
Tobacco.——No
"Common class
2,000
69%
'59
5%
*65
17%
Dec
'•
105
—ii.——il_ 1100
—
28
*9
*109% 109%
3%
*81%
4'/a
*3%
4Va
95
Jan
Dec
77 V#
Feb
.
50
7%
263/a Jan
J U Jan
■
Dec
6
22~
——25
Telep'& Teleg Co
American
*110
547t
*678
"
4%
23"
Sep
Oct
4 % Jan
13% Jan
•
,
16
-
5% Jan
119
Dec
38
15
.2%
Dec
6%
•
21
Jan
2%
•„;
30%
Feb
142% Jun
•
28%
■
Dec
"
15'
25
—H—25
Co__—
267a
*14%
"9%
*30%
32
103%
■.
5474
54%
*
1%
*17a
109 %
*30%
*1C9
109
■*
1%
*1%
-
,
31
31
109%
:
*109
1%
*1%
1%
*1%
52
*25
16
9 Va
■:
'
'
•
•
26.
*110
~9%
•*8Va
9%
*8%
*44
>.■
26%
*15
*110
*110
'9 %
*8%
'
4
"/'• ' 3%
"7"
267a
*25%
16
*15
16
:t
4 '
52
,
26%
2674
"267a
16
6
*51% Aug
Dec
1
374 Apr
—100
Sumatra
Am
j 1,700
'
,.«44
267a
*
62
4
t
52
"
~9%'
*8%
■
4%
62
26%
,
Feb
42%
r20
•
3
23% Mar
29
20*
-% Mar 14*
Sugar Refining——1100
I 1,800
2%
2%.
-•*45%
477a"
47a
*25%
*110
*109
4
4
*44'
52"
Jan
Aug
11% Mar
May 15
Apr
Jan
4'/a
33%
-
par
—100
preferred-—.——
Preferred
7,400
.7
"
*45%
64%
"478
,
*38%
Dec
89% Jan
30
Apr
15% Apr
NO
600
2774
•:
*114
115
"
:>26'/a
26%,
*14%
16
*14%
4%
*44
26%
*25%
27
.V
Feb
29
par
_N0
San*y„
-Hi".
300
I
--
27 Va
4%
647a
63%
4%
52
26%
26%
26%
*25%
'
;
*44
52
*45
4%
,
-
22
American
2,100
4%
*4%
47a
*114
*
4%
4 -
Sep
"127a Apr
Stove
400
46
478
:27a
47%
'
4%
"*4%"
5:
"21% May 21*
par
No 'par
1
American" Stores-*—1_——NO
j
100
I 7,200
"
2%'
"
2%
No
Co.. 11
Light—ill_—NO "par
American
400
115%-
115
115%
133
114%
4% ." 4%
4%
63%
*31%
18%
45%
27'A
114%
45%
&
conv
"
'4%
o
*26%
'
■
2%
45%
46
News
Amer Steel Foundries———NO par
400
300
1 1,800
87
--4474
'
2%
2%
<
V
*19% -20%
207a
115
44
*114%
lie
*115%
"
*44%
I 2,300
•
10%
*86 7a
87
'*1974
115%
45 "
45%
27%
27%
27%"
116
247a
May
•4
Jun ; 9"
113% Feb
i„100
——
American Snuff.—"
-
11
18%
18%
*86 7a
"45%
4%
4%
4
7 Preferred
■
Apr
'
10%
10%.
107a '
V ;•>■■ *9 7a
"
*115%
•6,600
*138%
20%""
20 Va
.
%>. 9%
preferred——100
Safety Razor
..—18.50
American Seating Col——No 'par
Amer Shfp Building Co——NO par
Amer Smelting & Refg—No par
277a
39%
Jan
ll7/a
2
Jan
65
American
300
:
*24 Va
"
4%
9;
Sep
37s
27
Jan
"16
preferred————.
4'/a %
287a
Dec
8
-7
par
American Rolling Mill
f 5,200
Jan
Feb
1%
•*.!•••
10
i0%
par
Am Rad & Stand
i
Aug
l'/a
May 25
40
Ltd—.—No
preferred
$5
6'/a
Jan
$1 % July
14
"
;
Dec
3% Jan
29"
Metals.—No
Co
-.Preferred
57%
i
"*4%
134'%
"
134%
27%
150
*143
150
'•
*131%
"45%
4
$6
8,000
'6%
!■•
*44
44%
45%
32,
"5
Jun
6% Jun
Jan
147t
13
"33% Mai- 6*
par
No par
Fdy Co
preferred
Alner Power
900
)
57%
87
114%
115
45
46
17%
*
20%
*19%
*133
&
"
*19%
*44%
Mach
800
6V4
%•:>
103A
*10V4
87
17%
87%
77 57a
111——1
of
_i_1—.1100
Metals
Ahierican
240
1,800
i
•
56%
"
17%
*86%
17%
87
14%'
-••
'4%
10
24% Jan
Mar "6 -
274 Apr
Aug
l'/a
"
*138%
11%
10
87
Co
;,•"
par
Sep
) ->978
Dec
%
13
'
17 Va
6%
V.
142
33 Va
150%
*138%
40'A
39%
40%
-39'A
142
\
Iff
.
!
'4%
15
•
35
Corp_l_.—-No
Locomotivei——No
Amer
6 %
•
■
'
"17
Jan
27a Jan
22r
TVs Jan
95%
374 •Jan
■-
July 17
Amer
800
24%
*23%
•
*
May 29
&
1,000
10%
f'
150%
17%
2
-25
preferred—50
conv
Amer
107a
7.
*24%
*139 >
*10%
:
par
Va
"i"
•
10
2
Mach
100
10 7i
V
v
*•*8%
150%
*137"
28
2~
16% Jan
"
6
'
■
I
563A
6%
142
"
2"
'
% Jan
48
Preferred
1,100
116
Jtf
*143
56 Va
6
8%
5%
American
4%
-
-
4%
ii
27'%
34%
34%
"
1% Jan
'
-::
3.200
4% •Feb
.>;■
Jan 21
x367/a Apr 13"
-No
Invest
American
;j
V itr%
107a
8%
397/a
39%
*140%
23 Va
*14%
:
' :
150
*143"
150 "
10%
*26%
8%
-187/a Jan
preferred
Intef-hat
Alner
19 Va
47a
l9Va
17 \K
16 3A
"
"10%
'
27
*26V4
V v; "i
47a
"4%
*143
11
6
6%
>
Products.—-_i—l
Ice
6 %non-Cum
400
11
*115
116
v.; 23%
l'Sf
/
;1.
iff
17'A
'6
2"
*
19%
Jan
21% Jun 29
'
preferred———1—50
conv
American
400
74
14
Jan
■25% Jun
Ja'n
Aug
874
;
9Va. Feb
78
26
7# Jun
36
Ahierican Home
700
800
7%
•
*10%
19%
197a
*115
23%
%> ■'
1 <T
"
*5%
v—•
974 Jan
'•'"*
27-
3% May 27
-16% Jun "9"
>
Dec
'
"
14'A
4%
150
*142
II
'
1774
"
150
27
7% Mar 11"
Leather—1
&
No v
*
98% Jan 23
May - 4"
2 Va May 26"
33% Jan 21
Hide
Jan
X17
'
•
V
40,
*7 7a
73
'
'
*143'
■
6 %
ja'n
121
223/4 Jan
;A-
Jan
115
Dec
474
SS Co—"-*-10
American Hawaiian
American
237a
Apr
90%
5
par
Jan
7974 July
"
6
*578 Jan
"7a Jan
Jan
<34% July
'
■
Dec
107
2
3% May 25"
92
Aug
185
Feb'
9Va Mai-
:
Oct
3
95%
Apr
16'/a
jun
13074
Dec
17% Mar 26
5
"
-
'•
17%
*17
^
5
*4 7a
•:
117
237a
23%
23 '/a
23%
*22%
4%
$6
13A
-57a
*5%
*37%
"
ll
11
•.
J95/a
*115"
117 *
*115
*17%
4%
-i
'
7374
73%
'
%
Power I——iVo
Fof'n
Mar
Jan
95
Jan
39
Apr
23
'
•
-
19%
117
*114
23%;
I
$7
400
3,100
: i
.3
3
,
77a
*7 7a
74'/a
*10 7a
4%
117
ioo
31 'A
.
31%
40
*37'a
*
*114
36 '
48
.174
-
57/a\
5%
■
40
*377a
V"77a
.
73
*10%
5
19%
2%
1
48
47%
1%
"31%
"
11
*4%
16 %
;
j
27 'A
2%
i
3 Va'
*57a
-.••f
40
*37%
7%
72%
76
.
Jan
110
Dec
8%
Mar
56
Aug
47%
,
Dec
."14% July; 1-
'
preferred—I———No par
2d preferred A_—
No par
preferred———
No par
", $7
400
-
21%
*33%
•
7%
7%
&
Amer
1,0.00
1
'2
27%
'
:'
;174
"
*10%
.
*33 7a
'
*1%
2%
36
•
*20%.
27%
234
:2%
-l3A
■
31%
3'/a
40
*37%
40
7%
15
European Sees--—No par
American Export Lines Inc———1
300
25%
25%
■:
21'A
21
*
3%
*5Va
57/a
*5%
*37%
Mar 16
Dec
157%
3
May 27
69
Ahier
11,000
'
*30%
"31%
"
*3 %
3%
20'/a Jan
May 26
105
934
Dec
r
shark
$ per
Dec:
1
13
Highest
Apr
55%
2
7374 Jan
"
*30%
31%"
33Jan
Tiling———_1
'
2
"•'*1%
36
"47
6
•217a
*20
25
277a ' " ••;;•,': 27%
•
*333A
36
*33%
*33%
May 20
••
:
preferred-—100
Distilling Co_—1_20
Encaustic
Xl22%
18
Mar 12
*
American
10
l7/a Jun
70Va Jun 18
166
Feb. 10
55% May 21
..
1st
Atner
1,100
iff
24%
'
ll%
2%
2%
36
100
v
Ta
:
26%
13
"
21
277a
>
,
'6%
.
15
13074 Feb
Apr 20
16
par
_100
Colortype CO—:
_r_r_10
AtnericaiT Ci'ystal Sugar
—z--_10
600
I
.
t
A
25
17a
*33%
*
■
;
21
21%
*20 %'
21%'
f
:
9
*74
,
6
*4
6
2lV4
25"
2;
*1%
•
*20%
*31/4
I—
Jan
.20
American
600
973A
9
Va
%
'
'
*30%
Inci—_No
preferred--
3%
33
29
'"
100
Cable
&
4174
159
par
American Chicle—-—n--a4Vo par
Am Coal Co of Allegh Co N J__:..25
conv
6
14
28
Apr
1 Va Apr
-
"*3/a
%
iV
10
25
26
*1%
No
Fdy__-
Am Chain
5%
16 'A
*95
95%
9
■1
%
,
*4
6
-«4
6
"
•
*25
&
Feb
5% Jan
47
14
,567a Apr
100
i_—
Car
200
.
•
9 Va
"
6
^
,
120
^^.25
300
...
5'A"
1
16 Va
1874"
95
'
: 9%
"
1
•
*16 Vu
9774
•
r
100
1
Corp
Preferred __i:
187a
5%'
A '•
"
16 "
*95%
"95%
9%
21
20%
>;
:
v
87
*14'A
5'A
*5'/a
'
95%
16
"16
'
*95
"
9%
*4
1,300
108Va
Radio
&
Can-
American
3,100
-18
*107
88 %
■
«34
*17%
18'A
17%
108'/a
17%
Cable
Preferred il*.
200
243A..
5974
■.
5974
*85
18%
17 y2
"
*9%
.24
607a
5 'A %
23
'
5
*95
■'1
25 Va
60% '
LNo par
&
5%
37o Mat 11
1-1
i
8
774 Jan
2
i
X per share
I per share
share
383/4 Apr
•
.„_50
Corp-—-
Fdy
cOnv preferred-.
American
2,100
,
166
166
,25%
*14%
16
*15%
178
•
25'A
*107
18
5
68%
683A
178
2 5'A
,*86%
88%
,
*14%
1%
68%
Bo«ch
Brake Shoe
Amer
300
1%
66%
24%
*107
108%
80
*i26V8 1277a
13A
68 Va
25%
Am
per
57a Jan
10
preferred--—..
American
100
26 3A
17a
108%
*
18
*17%
*107
*
13A
6%
120
500
:
$
:
Note
»
>
Lowest
1
Highest
Lowest
Par
Bank
American
600
.
;
4%''
*26%
127%
*126 Va
1277#
68%
7%
i,
45
*4%
■
47a
27
*26'A
27
*164
*
*7'A
*44 7a
'•
*4%
60%
■
61
*60 y2
175
77a
4474
447i
4%
1%
share
Year 1941
On
EXCHANGE
Shares
per
7%
7%
45
X
Range for Previous
Range Since January 1
Basis of 100-Share Lots
STOCK
NEW YORK
for
the Week
July 17
July 16
24%
25%
25 Va
*
67%
66
*160
66%
*66
27
*26
27
*26
4
7%
44%
4%
*126 ^
,
7%
4%
45
4%
S per share
'44%
7%
*7%
*44
,
t per share
July 14
Thursday
$ per share
share
per
Sales
Friday
Wednesday
July 15
Tuesday
July 13
f
t per share
STOCKS
HIGH SALE PRICES
LOW AND
Monday
SaWfdijr"
July 11
RECORD
*3
3'/a
.No
par
45% Jan
•16%
Jan
56
Nov
30
23 % Jan
19 Va
Jun
28%
Dec
28
109% Feb
May
111%
67a Apr 11
4674 Apr 25
43
May 23
50% Feb
100
111
Mar 16
Apr
May 25
30
1% Apr 17
15% Apr 28
'7
Apr
.,-3
(The)
23/4 Jun,
107
Jan
7
67#
16
Feb
70
Jan
116
Jan
17
.9% Jan
26
9
1% May
27a Jan
;
61'
13
Jan
9
,6
2%
*10%
•
121 "
Apr
4% Jan
22
2
Nov
72% ;Jan
May
>111
Sep
•7% July
51%
6 V Feb
5
5
Feb
47%
.
>
Oct
9% July
37a
Oct
25%
May
Oct
5% Jan
Apr
B
*
11%
11%
3%
3%
5%
5%
*4%
27
*9%
,
.<
4%
4%
*26
27
9%
*4%
5
5
*26%
30
9%
9%
13%
21
*24%
*103%
*23
86
*7%
*
26%
9%
13%
21
.
31
13%
*20%
*24%
25%
*103%
110
4%
26%
9%
5
*4%
*26
9'A
4%
27
974
3
574
**%
26
9%
1
5%
..
5%
*4%
4%
*9%
9%
10
5
*474
5
*474
27
*25 7a
.27
9%
14
10
97/a
97/a
13%
21%
25 %
*20%
133A
*20%
217a
9%
137e
217a
*24%
25
25 Va
5103'A
110
*474
I
110
*103'A
V'
9%
.13%.
.
13%
13%
*20'A
21%
*20%
25'A
110
974
27
25
25
*103'A
247a
110
*10374
1474 Jan
2
3
4% Jan
28
2%
Dec
4% Jun 23
7% Jan
27
374
Dec
300
600
5
*
200
; 27
i
50
3,800
IBarnsdall
13% f
3,600
'Bath
.
9%
21%
*23
26%
*23
26%
*23'A
25%
*23%
25 V*
86
*83
89
*85
89
*85
89
*85
89
*82%
89
.
*7%
7%
*13%
*7'A
7%
*13%
7'A
7'A
*7
*13%
7%
*13 7a
*7%
.
13
12%
12%
*127a
12%
12%
12%
*12%
12%
12%
12%
30%
30%
307a
31'A
31'A
31%
31%
31%
21 Va
31'/a y
12%
*12%
12%
*12%
12%
52
*50%
51'%
*50
51%
*21%
22%
*21'A
22
12'%
*50
21'/a
12%
*50
21%
21
55%
55%
54%
55 V.
53%
55%
5 5'A
56'A
*106 V2
109 Va
107%
107%
1087a
108%
108%
108%
frtoturtfcoi
no-'
1-2%
51%
■
.
54%
109
.
*13 Va
31
12'A
51%
21 Va
55%
103
12%
*50
21%
53%
109
1,660
■
'
-
.
600
21%
55
'
9,700
103
»
700
Aviation
Beneficial
Pr
51 Va
*_50
RR
Co—*-20
Belding-Hemingway
;
No par
Belgian Nat Rys part prefBell Aircraft Corp.——
——1
Bendix
5,800
600
12%
Creek
Inc
Beech-Nut Packing
100
100
-5
Co——
Iron Works Corp—"
Beech
7%
Oil
*—*-50
1
—j—No pat
Beatrice Creamery
*-25
$5 preferred w w__i_—1—No par:
400
24%
26%
%: preferred."
T 5 '/a
Bayuk Cigars
110
*23
7%
..
100
.
Works v t c
4%
60
9 Va
9
5
*25'A
29'
2% Jun
preferred—
*—-—-.100
Bangor & Aroostook
—*L——50
Conv 5%
preferred-—.
-100
Barber Asphalt Corp——
10
Barker Brothers
No. par
.
27
*26
9%
934 Jun
Baltimore & Ohio_s__,—*.J——100
2,200
47a
4%
43A
26%
*26
26
*-13
1,900
5%
57e
5%
27
22
FfVf
*3
3%
*25 74
*21%
♦
11%
11%
*4%
26%
*50
*12%
11'A
26%
13 %
*12%
.
9%
11 Vv
Best
Indus
Bethlehem Steel
*7%
Loan--
No
No
Co
preferred
6% Jan
15,'
Jan
2
12 Va Jun
30
20
15
103
Apr
Mar 20
237a Jun
64
Apr
63/a May
13
May
97. May
8
24
14
20
20
21
87/a July
,1l23/4
Sep
34"
July
1274
6
Jan
27
5%
Dec
J Jan
20
27%
Dec
Feb
.'
Jan
57a July
Dec
.30
7
'<
Apr
26
,
Sep
9% July
■35
Sep
Jan
27
77e
187a Jan
6
137a
Dec
10% July
24% !Mar
21% Jun
6
17%
Dec
317a Mar
25 y4 July 15
1047a Feb 16
102 7/«
Dec
106
Oct
28%
Feb
32
Apr
Jun
126
Jan
11%
3
157a Apr
3%' Dec
187/a
20
Jun
4% Apr. 25
247a May 13"
2
87a Jan
26
317# Jan
10%
6% Mar 25
19
•
i
30
20
Dec
277a July
Feb
24
11074 Jan
10
77a Jan
29
6%
Dec
8
107a
Jan
17
Oct
32%
Apr
4l'/a
Sep
15
May
16%
108
8% July
Mar 30
397/a Jan
3
,
28% May
par
97/a May
6
46% Mar 18
14
Jan
13
10%
Dec
207a
52
Jan
23
50
Aug
57
177a Apr
24% Jan
19
197a
Dec
66% Jan
2
5l'/a
Dec
34% July
89% Jan
par
(Del)—*—No par
———
Apr
Dec
--5
...
pfd: $2.50 div series '38_No par
&
4
22
•;,
100
27
49% May 25
105
July
1
121
Jan
7
115
Dec
131%
Jan
May
Jan
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4091
"Volume 156
HIGH SALE PRICES
LOW AND
1
Saturday
July 11
5
4 per .share
*22%
*16 :
♦
*22%
17%
*16%
5%
5%
12V2
,*,601/4
;; -97/a
68
15%
"15%
*29%
;95
'
•
*17
9%
•
60 %
15%
30%
*186
17%
5%
»
13
t
*57
30%
15%
-30%
J
9%
.
68
-15%
.
*55
*35%
r
*65,
.
35%
*.35%
04%
•20%
*44%
35%
/X34%
14%
:
44%
100
*86
100
■
.30%
*85.
•Blunienthal & Go *pre£erred_____100
Boeing Airplane Go_
*_j5
Bohtf <Aluminum & Brksk5
,4
t
1,300
■"
v
■: 100
■*.86
<
:
24
t
20
>,
>-
*15
'
4
•
'
*34%
.35 '•
24%
.24%
*1%
.
*34%
-
*15 '/.
•
16%
*45
:
:35t
"
.-•24%
..:*i.%,
30
i
16%-
*45
■24% r
■
>■'24-
'<2%
■
140
:
200
,
•B'A
-45
i
6,700
-^
81/2
-8%
8%
>■
,,
*-8%
-.8%
8%
8%
8%
«'8%
1
100
/
*26
/'
18%
18y«
18%
18%
■i
27
27
26%
26%
35%
-/'■
35'
35
*34%
35%
•
*34%
800
i
*1
<'
SI
*8
8%
•'
f 29
.7%
106
.2»/2 1
•
*8
I
(6%
106
'
6%
12%
*41%
3,800
27%
*35
>
18
6%
,7%
;
r
100
.
.
500
"7%
«■
7»/8
•■■"
4
*51
1,600
10
.,
-.2% t54
t
J6%
«%
^6%
12
*47%
48
*24y2
25 >/4
*24%
25%
17%
*T7:
17%
*47 %
17%..
*17%
*54%
57
*54%
57
*55 * ■.
8%
8%
8%
v./
47%.
:
140
.
f
.12
.:
2%
*2%
'22%
2%
22
*2%
2%
x20%
22
,
'
*5%
*21%
5%
22
*2%
0
5%
;
20%
5%
22
*21%
2%
>
^55'
>.
*5%
.
::,8%
-8%
*3%
"2%
2%
.2%
21 /:
••
:
21
.
/-■: 67/o
5%'
22///
*2%
2%
*2%
12%
i2%
*2.%
7%
7%
7%
;v';' 7%
79%
79%
79%
5%
22
*21%
*76
14%
*13
v
Oct
35
Jan
Dec
111%
Jan
54
Jan
.5
38
Apr
17% Jan
7
17
Dec
20% Jan
13
,23 %,
Feb
July
Sep
01
Sep
3% July
28
Dec
.39 Ye
Jan
18% Feb
;8
9
16 %
Dec
17%
Dec
9 % Jan
(6
6%
Dec
12%
Jan
18% Dec
21%
7% Jun. 29
*15% Jan
2'
19 Vi July .9
14 V* Dec
29% Feb 25
23% Deo
41
38
45 V4
Oct
2%
Aug
6%
Jan
Jan
2Va Feb. <9
Jan
43
Apr 21
1% Jan
Apr 29
Apr/23
7
»1
6
Dec
7
16
30
Jan
16
11%
Dec
7 Ye
•
Dec
Jan
Jan
Deo
93/4 Feb
7
9
8% Jan
112 Va Jan 27
2% Apr 24
•25% lan
Apr
% Dec
14
1103% Mar ia
47 Ya Jun
:3
35
,
1
9'/a Apr 17
6% May 14
f
Apr
*%
% Jan 13
ft Apr/46
1
16
24%/July 14
2
33/a Jan
,
66
10
3
7%
*43
14
•
*13%
*75
14
;
*13%
-
79
■
:
7% !'
Feb
1
109
x
Jan
14
Vi
Sep
Sep
23 Va
Mar
37
*
12% 0an
Jun
>118
2% Dec
.3
Jan
5%
Jan
51
Feb
:6
V# Dec
8Va July
18 % Dec
B
34% Jan
16% May 27;
Bulova Watch
100 ..."
14%
———No par
Burlington Mills Corp—
1
Cdnv pref $2.75 ser—
No par
•Burroughs Add - Ma,ch_—L—No par.
5,600
100
Bush
120
S% :
1
1,400
Bush"Term Bldg 7%
Butler Bros-
4/
22
Terminal™
SVp
3% :,3% r
J
7%
7%
7% Feb 14
Jun. 12;
6
11% May 21
Co-^-^v^—
19% May 1
T4% May 1;
63
Apr/17
6% Jan/ 2;
.
:2»/8 Jan
preferred—100
800
No par
24*% Feb
76
July
6 % Feb
14
79 Ve
*75
14/
•
*13%
*13%
f 4
Participating/preSferredi——-100
30
-137/a <•
77
10
No par
'95
•'
15 V'a July
4% .Sep
Dec
25
23
;
Sep
6% July
•Aug
4%
Dec
Jan
113/4
76% Feb
7% Apr
9
Nov
9% July.
Dec
% Dec
6
14
Jan 13
Sep
20% July
66%
4% Dec
18
Deo
2% Dec
.8
Jan, 10
y
1
8% Jan
Jun 11
Byron Jackson Co———
79% <
'
6%
15
21
July 7
3% Jan 14,
.
35 Va
.23 Va Dec
15% Dec
49
May
,
:5
'2% Apr, 17.
6% Mar 6
•
3
10:
8% July 11
:3% Feb
.6
,.
5% Jan 19
19% Feb
conv
Byers Co (A M)
Jan;
7
Jan
65% Jan
2
-„-10
preferred—
—30
Butte .COpper & IZinc—_5
3,400
26
09%'Jan
2
18
—1
;
153/4 Mar 30
23 >Jan
5
'
* 7.6
--
:
—'-i—No spar
Buffalo Forge
'Bullard Co—^_-No par
20% i
*21%
2%
7%
79%
:
25 Va
89
■ May.22;
{
/2%.;
•
20%
6'-'- ■•
57'a
,u
«,2%
7%
8
*78
preferred—
Sep
30% Jan
,•
200
8% '
:8% ',
"■
*20% "21%
*21%
"5%
22
*21%
1
*
•
.40 3,i Jan
2
100
//•:
.57
■
'
'
*7%
7%
Oct
Mar
243/4
4* 15
-100
No,par
-100
ir
17
90
12% .Apr
Mar 10:
600
"17 % ''
47%
.57:
-
•
■i
preferred-.■;
(E G) Mfg_—
Budd .-Wheel
1,600
t
:25%
*24%
25%;'
17%
•
6%
:
42
.47% '/17% 4..
47%
*24%
6%
'8V4
8%
6%
12
*11%
*11%
17%
•11%
/
.
'
6%-
•'
:
12
47%
57,
;
*54%
8%
*21/2
*21
v
1%
J.
IBudd
i
Dec
Dec
?
70
31% Jan
1% Jun/25
No,par
JBruns-Balke-Collender^__i._^Nro par
Bucyrus-Erie Co_/_.
„_/5
1,800 V
4
1
105 Y\ 409 %
v/2%
■■■..-
53%
S52%
54
7%
*
2%
;
/•95% Feb 16
28% July
300
i
20
Apr
25
Brown Shoe Co*.-J
:
,-/■'
t
28%
43%
Jan
49% Jan
30
y
Jan
r
Bristol-Myers Co——
Brooklyn & Queens
No par
Bklyn-Manh Transit.^
;;
No .pat
Brooklyn Union Gas
.—No par
3,700
Jan
18%
f
26
'
V
u8".
100
>■
8
*28%
'43%
109%;
./.2,%
-
25%
*4 7
•
<*6%
6%
25
25%
,
„•
I Ye
■:
*7%'
V
13%
|[105%
2 Va
53%
5.4
Corp
10 V*
Dec
"
13/8 May 20:
18% Mar 31
«*»^15
„No par
'
•7%
*■
'•
;8y«
13%
109%,.
'
,
v__4
/
Brlggs k Stratton.
>A
'
*!■
.28%
13%.
2%
>;■
May 29
72
30% Apr, 28
■;
300
.35% I
*J1
.
1
■
-8V4-,
*105
2%
J2
.
1,
■
29
•7%
-7
109%
-
54"
12
/ *17%
*24%
*8
43%
13%
•
•
m
iVe
:
■
*28%
29
2%
54%
17%
8%
:
18% /
/
In,c
Sep
Dec
•
'v
No /par
(The)
'23%
5
,
t
*17.
17%
/ *54% "t57"- '■,
.
-•7
*105
v,
2%
■
17%
•>?' '8%
*28%
>*12%
7%
54 *
1 '
/
<
106
»
2%
/
*11%
V
7.%
•>
.
t54
•
"
13%
n
4 '■/?
'
*8
,
29
*13
2%
53%
1
*28%
•
v
7%
•
•*105
*34% ? 35%'
u
,
■,.-4 0
5*12% " 13%
-
85.%:.
•35 /-
"U
•
M%
■
*28%
5
*26%
'f
31% Aug
153^ Dec
21 Va Jan
Al.
<
.
'
4
*li,
i
18%
27%
187/b
;
v >
•
487%
*26%
26%
19
*'
•
18%
26%
18%
27%
,
Brewing Corp. of America^.—
Bridgeport Brass Co-*
No,par
Briggs Manufacturing—„).„No par
"
•19
'
•
12 ;
70
:
4 per share
Dec
"
13
14
"14% Jan
Apr130/
July 15
58
21
15
193/4 Jan 28
7% Jan
Highest
$ per share
share
Jun
24 *
'13 Ye May'20,;
'25
May 2
Bower Roller Bfiarlng/Coi„___ii.__5
J
>
8% <
*8%
■
8f
.
Boston ti Maine RR„»_»i„^^te-M00
<•
•
■• /
Borg-Warner
t
t
'15
.
*
■
Borden Co
.
30
■
Bond Stores
3,700
24 Yi .<
.
*27%
"
C
,
20%
*1%
-
.16 J' /
.-*45..:;
.
14 •><
vi
20 y».
•-
-*86%V 30
i
,
■.■■;i4-.
i
.
20 y8
■2lA
,*1%
,*27%
.30
16%
■44 %
19%
24%..
'24%.
•i;
2%
*27%
30;
:.*i4.:-.i
%),
20
19%
;
lpon Ami Co class. A—,
Class
t
■
'■ *8
i
24%
•/2 a,.'
*27%
06%
-
/;
24%
•
14
*44 (
14%
20
19%
20
*1%
524%;.
n%>
1%
*27% "30 v
i
•
"
20.
pat
5
ioo
/
3,700
80% t
"30%
100
■
t
'
34%
34%
35
V,
'
No
Blowningdale Brothers_«_>__lVo .par,
4
'
*14
.*
5ya May 29
11% Jun ' 3
Co„
Bliss & Laughlin Jnc_^_
t
68
15% -15%
«f per
18% Apr
2'
14% Apr. 29
Blaw-Knox
"
Year 1941
lowest
Highest
Bigelow-Sanf Carp Inc„_/_^_No par.
Black & Decker; Mfg Co
-Nonpar
400 v
Range for Previous
of lOOrShare Lots
4 per share
Par
1,500
:
Basis
Lowest
«
;
400
•5%
*12
42%
■
t
X
1
17%
Range Since January 1
.On
EXCHANGE
*,
Shares
,
'23%/
:/9%.
16
*30%
30%
,;30
100".
30%
58
16
•/
per share
*22.
17%
5%
*12
-"9%>
58
16:
4
STOCKS
NEW YORK STOCK.
t
the Week
*
"
\5%
12%
..*9
>w
601/4
16%
July 17
.23%
i7%:
17%.
5%
*12
8%;.
*9*.
.
v,
17%
5%
*22
23%
Sales lor
Friday
•
S per share
sliare
"22*
12 Va
68
15%
$ per
17%
5%
,12
Thursday
July 16
July 15*
y
23%
5%
*601/4
;
*22'
12
*9%
v
*
t .per sr*are
17%
5%
1
Wednesday
July J4
23%
12
v3Q%
*86
i
.Tuesday :
;
$ per share
:23%
■121/2
.
Monday
-July 13.
.
Jan
10O
.July
12
Jan
'
18% -18%
>
*51%
6%
14%
■r
34
#29%
4%
A30% *31%
1
14%
I4 >
12
12%
34
-
6%
34
*30
18%
451%/
12%
*30
•••/'■
18%
14%/
.
53
-
//
4ft V, ft
6%
.6%
53
%
*13%-
14
*11%
/."•'
6%
■
: 6V8
12
34
*30%
*30
'
•
4y2
"4%
•
4%
"4%
31%
*30
4%
31
31%
•
4%
3l
-
' "
4%
.4% ■" 4% f
31
'■
;4%
30%
303/4
*30
-
*2%
2%
*33
83%
24%
>2%
84%
24%
j.
•2%
*70
Va
*24%
•
•
*"121
•121".
£
36,
J
*19-
19%
*89%
'90%
116%
117%
90
••
'
;
7%
:
71
} *16%
363/4
-183/4
69%
*89 Va
115%
7%
*46%
17%
69
*7 ::
,
*
■''"■■■ /
'
17
:
/
37%
18%
18%
•90
116"
116
483%
63 -4
*68
-
•
^
1,600 *
-
84'
V
*16% 117 %
..
110
•
>32
26%
Dec
3
Dec
5% Aug
32% Deo
:39% Apr
3% July
Aprt 16
B0'
Feb
-Central Aguirre. Assocr-;r.-l-.-No par
,
16
32
Dec
41
79
Dec
7
22
Apr.
92% May
30 Va Jan
Jan
.
19
x
2% Dec
43
'■•:
/Mar
Jan
3
38
18%
Dec
116 %
Mar
Sep
Jan
60%. July
293/4 July
t.
Jan 12
93
>120% Jan 22
Apr 27
Jan
873/4
125
Dec
3
'
Jan
3 Va
Feb
112
21 Vi Jan
Apr 29
77
5
28
42
Apr.03"
«8
Dec
Jan
Jan
3
Apr. '24
110
Jan
•40
Feb
27% Jan
Apr 24
15
82
1%
.
72
July 9
022% May 25
117
Tractor__>»_i_ft__No,par ^
Jan
17.% Sep
89
1
'274 May 18'
543/4 Apr 17
Jan 16
-L100
7 V*
14%
37
Apr 20
77
Apr 14
'22% July 2
;
Jan
Dec
14
37% Feb 14
2 3/8 Jun 18
v
1%
9% Nov
Mar, 11
4% Jan
2
3$ preferred__i_^->.__-.—_100
7%
*
.
400
>
Jun
Celotex Corp
—:—__j.—_No- pa r
6% ^preferred-^_100
•
40
107/«
1% Feh lO
Corp Of Amer_>.—«„No! par
5% -series prior preferred
,000
7 % -prior preferred—
1—
100
:
1,900 fc.
-
—
4%
'15% Apr «6
12% Jan .6
295/8 May 16
100
I
7Va Jan 14
2
1% Jan
9% Apr 25
Celanese
210 ■'
1
68 %
^Caterpillar
.
120
We ^
'
68
Co-;—
Preferred
30 1
18% "
'83%
>
17
"
< J I)
Case
.
3,600
<7%
•-17-'
17%
1,400
18a/4
2 ■■■"'
69
•
-
70%
*89%ft90%>
115% Tl6 ./■■*/
-
M
'
>-
2ya
<
-V
1
5 3/4 Jun
'32
Sep
54% NOV
Deo
-11% Jan
,
04%
Mar
.
i)
2
8% Jan
,$1
50% Jan 29
14
% Jun
29
15% Dec
193/4 Jan 28
2
l50% Apr ■14-
—1
^Calumet & Hecla Cons Cop—^„5
1,100 V /Campbell W & -C Fdy-^„!—No; par
1,300
Canada Dry Ginger Ale_;J——_6
—_ 1
Canada Southern Ry .Co_l__
LI00
1,700
Ganadian Pacific Ry_n
i.
—25
200 ""
Cannon Mills—
NoJ.par.
y-U /
Capital Admin Class A_—L—L__ 1
* $3 preferred A--—,
r.
—10
80 1
Carolina Clinch & Ohio 'Ry
-1100
200
^Carpenter Steel Go—J-j.
.1—5
1,600
Garriers i& General Corp^J—
—1.1
36% V 36 3/4 v
t
7Vi
7%~
17%
*70
*120% 123
36%
89 Va
.69
/ *2%
'
71
-•90--
>115%
*67%
/
•-2.%;
-
24% *
-
Callahan Zinc-Lead—
—
83'/a '
*24
320% 421
-
18%
7%
;
69
7i
«■*
■24%
..#2%
:
363/4-
•83
"7 %
7%
:
71
.115
83
*82%
"
7%
*69 -
17%
90 %
115%
r
*'33
.2% ♦
-
"'83
>84%
24%
71%
123
*121
18%
83%
82%
■>.
7%
•
*69
123
36%
r
*2%
•■''■
•
483%'
r2%-
2%
71%
.
■18%
'
90
:
24V4-
f 35%
1
18%
'116% 116%
*82%: .83%.
.
•
"'V 18%
*33
84%-:
24»/4
.
2%
71
*121
36
36%
•
/2%; .V"
'
■2%
123"
36
123
-*2l/4
- -
84%
84%
24%
70.
■
2%
*33
84%
*24y*
'
2%
2%
7i
»71%
*2%
3%;
/ *33'
V *83
83%
*24%
•
#2%
*33
'
t
2%
•*2%
16% Jan
preferred-/,——_—_l-50
4- 5%
■---
1,700 5
n%
ii%
..
/
2,100
14
.
'California Packing——!___No par
2,300
,V'.
%
* './■'"•r 14
"
430%/ "34
— -
19
53
'
*%
6%
>*.6%■
18 3/4
*51%
/
-
%
.
1
:
/> #4%
14
12
12%
34
*51%
A
6y4
*30
/
53
VV ;
6%
14%
12%
12% «12%
18%-
18%
18%
*51 %
■?
%
"
14%
•f
18%
53-
%
/ 6%
14%
'
48%
,*54%
%
'
•
*6%
I
18%
•53
ft
'«>
122% (Dec
,94% Jan 14
Apr 17
8% Jan
6% Apr 15
25
-
5% Dec
3
3
.71% Jan
:
,65
10%
.
Dec
x15 %
23% Jan 27-
.
Jun
Jun
75
Sep
,223/4 Mar
,
'
*97
98
*2
e
2%
1%
•• "
*2
.
*83
32
32
;::-*2
v
-.
^2% '
2%
*83-90
2 %
<
&
.
31%
/■
*
v:
2
*17%
48
,:{
25%
2%
*163/4
2 Ye
.27;
273/4
48%
*17;
"■ i7%>
16
*14%
98
,
.
..
'■
31 y«
31
*93'v, 95%
*90
*4
4%
*—1^-
*14%
16
*14%
99%
*98%
99
*98%
8%
"7%
7%
31%
31%
31%
*98%
*7
8 Ye.
,
*16%
15%";
414%
15
99%
*98%
3iv "
17%"""
*7%
16
95 Vi
*92
93
*93
95 Vi
31
*93
'
■
%
-31%;
1;
'
*13
■%'
*3%
3%
1%
*3Ve
»;■
1%
1%
-
,95 %
%
*\l
"%
*11
■'■/■■%>/
'*3
.3%
3
,3%
3
:•
5,200
:
f
:i%>'
3V4
^Chesapeake Corp!
i
Ghesapeake & Ohio Ry,^
■
*10%
/
*1%
1%
r 10%
.
10%
40%
10%
•
•
"5 *-■
5
5,
r
5%
10%-
«5-
.
1%
*1%
103/8
1%
10%
*10%
5%
*5
J '5%
*5
•10%
*10
-
-
260;,
800
Class iA-
4
Oct
97
Dec
34%, July
Jun
3% Feb
5%
*5
13
35%
•*34%
;5 %
1,200
:5
1% Dec
Jan 27
223/8 Apr
37 Va
2.
19
Jan
15
21% .Jan
2%>Jan
r
•
*%
.
/
:f
•
.
'
*%
*1/4
-■
r
100 f>
f
•
.
%
*12%
12%
1%
1%
*20-
.
r,
:
47
*45
•47
;
"
%
^
•*3/8
/
%
%
•-«,
' .*%
*11
11%
*11
Vs
*•%
•'
%
35%
100
.
■■:;;
50
"Ye.
%
-
%.
#,/4
*
"Va
'*11
11%
*%
•
*%
•
11%
i
•
200 "
.
*12%;
■
:
,
*
1%
*4 %
*20
12V2
12%
22
-
*11%.. 1234
12%
*11%
1 Va
"■*1%
xv*
■
1%
*20
22
*20
/
12%
.1%
.y
■IV*
•
40%
.2%'
-
"
"2%
22
*20
2s/a
*30%
1093/4
>109%
24 Va
•■•■
*32%
*223/4
25/a
~,
6214
/ *9%
*6 %
,
30%
42-
3i%
*30 Ye
75
-■'A-V
*4
700
109% v
*109 V»
24 Va"
■422%
75
•■
109%.
-•
*98
100
*98
•I
'
■
100
'•■■,
2%
300
75
*02%
,
*98
~
24
2.4
*98
1Q0
.24
100
>
'
!
8
•4
V
100
'
102% Feb
.
l%.July
,1%^ Mar
6%
1A Mar
:
3%
3
•
Get
July
11% Nov
3% Mar
Dec
8% Jan
9% ' Feb
37 Va Apr
19% July
.44% Jan
9
:
July
52
.2
A Jan
;;% Jan
000
2
% Mar 23
000
8.3/8 Janl'/aJan
vCo—No',par
.,
20
0t-~$';'
437/8 Jan
% Feb \3
10% Feb
Jan
.
3
9
*
~
Apr 14
Ve Mar 9
:
pec
8
Dec
40
Sep
3
Aug
27
Jan
72%
Dec
92
Jan
14% Sep
,
41%. Dec
96% Jan 23
Jan
'%
93/4
Dec
20
6
0an 13
.63% July 9
10% Jun 10
May 12
34
,1
2Y* Feb
25
May 28
-92
,
6% May
113% Feb 27
July
ft Feb
%
ft Juiy
,
8
2
,
ft Dec
,11% Jun
;3
0_25
54
Apr
Dec
/A
% Jan 29
-
.2
11 Vs Jun 26
•49
5
Jan
% Jan 16
2
»
:3,
393/# Jan 21
Apr 28.
48
Aug
Jan
103A Feb
*. 104%
Aug
6
Dec
46%
4%
Feb
Jun
Jun
25
34% Jan
8
29 Va
Dec
40 Va
Aug
67% Apr
17
72
Mar 10
70%
Oct
85
Jan
2
—
28
34
:22
May 11
053/4 May 15
Apr 14
3
Jan
112 ^
107% Jum'T5;
preferred—0100:
•
17% Jan
Ve May 21
33
Clark
210
Dec
A, Dec
5:„ Jan 26
23/4 Jan 26
5-% July
Oct
44% Jan
93
'7
Dec
13% Mar 23,
83/4 Jun. .2
4% Jan 23
4'%
31 Va
1% Jan 29
.
'
Co_——
Feb
,
Jan
"
2% May
4% July 10
% Apr 16
: 12
000
—
City Stores—
v.'.
.18
\
City Investing Co—————100
—000
0_5
Equipment
,0
No par
C C C & St Louis Ry Co 5% pfd —100
?.Clev El Ilium $4.60 pfd0—-No
npar
vClev Graph Bronze Co (The) —1
300
31%
^110%;1IO% t-'
w00934 .110 r-
24.
100
*98
/
'
Gity Ice .& Fuel—*>No" par
6%% preferred—0
100
'
75
-
—
*—•■":
>
.;
.
Chrysler: Corp7u—.
'
1
'
1
*„
■"
109%
24%
400
*97
r
75
.*22%
410
*22%'
303/4
31
*30%
^—5
1
■
preferred—
preferred0—„
Chile Copper
*30
*2%
;
Ghllds
15,300
,
10//V;
*32%
-
Co——
,
loo1
96%
2%* "*
•
—-No par
Chlckasha Cotton, Oil—10
-
31
•
Ghicago .Yellow Gab
/
63%
■
•
4001
t
22
*95
42
T
*2%
303/4
*2Va
303/4
75
10%'
96% 14
*95
42
■/
63%'
*9%'
r
100' "
*32 V4
42
1
62%
■10
10
*95
*2%'
2%
,
10
100
*32%
42
*32%
42
*2%
10
100*
633/4-
•63%
*95
10
40
*95
635/a
62
63%
*•
,
;0No par
$3 conv preferred—-No" par
Pr pf ($2.50) ;cum ,div0—No .par
7 %
■
113/4
-
;
"
Ghlc Rock Isl & pacific—
■■•: 3/8.
*11
v
200 ;
•
%
■
*
107% Get
Dec
98
Apr
Sep
Dec
5%
89
Chioago Pneumat Tool_
-
%.
%
■
22
•
62%
100
--•32%•
1
11%
*
■
22%
95 %
36 ?/4 Jan 27
5% rpreferred-jx.—0-^.——>>50
.
14% Dec
"Jan
14
Jan
27% Apr 24-
2
■
Oct
,
8% July 10
100/
"5
Chicago Mail Order
300 *
,
*95
-
../:*%■
■: * %
83%
*10
1
■■%
*44%
%
'
"*34%'
A7
*34
47.:
*%
>:-.
35 Vs
34%
34%
*44
Vs
.r•
1%,
623/4
-
:
•
%
*11
420
•
47::
%
127/a
1%
;
35%
»*
\'-T.
13
"
11%
'
; *12%
•
:
%
ft.
%
V
*11
r
*44 A
•47
•
"
"*13%
,13%
*13%
14
*13%
13%
*44'::
•35%
t, *34
." *44
13%
•
13%
53/i ,jan
'■
1% Jun
•:i
13%
•
,6
' Feb 10
17,
Apr 27
5% ApT .22
23/4 May 23
.
No. par
s-
.
29
23/4 Jun
-
11.
2
14% Jun 26
93
,
-100
—;
.July
Apr
Deo
77
25
>000
>
Dec
Mar 30
Chicago Great West RR Co——050
■
2
Jan
Aug.
17
95
L_25
Preferred series A_.
4% Feb
29
32% July 10
No par
Ghic ,&• East I1J RR Co
1,000 '
134
163/4 }
13%
-
■
1%
7/134'
Jan
% July
6-
"
1%
4Va
2
16
Nonpar
*
115%
Dec
July
03% Jan
"
200:
31 3/B
CoJ——t
3
Dec
1
Jan
■134 Apr 28
Products-—.*-———1 >100
>Cham Pap & Fib
Co—0„„No, par
6%> spieferred 0—0—0—000
Ghecker Cab Mfg——.
5
.
100:
6%.
.■
31%
3-%
*:ia
V:
3%
30
-Chain Belt
Dec
108%
27
6 % vprlor preferred—
.
.
100;
100,
;
,
Certain-teed
730;
99 % f
...
'
4,"
:
*3%
t
8%
31%
,95%
*93 r
*12
15-
99%
' :
4%
'
31%
,
16
*98%
'■'*7:
8%
4%
\
*14%
98
*7
17
l;
1%
2
7
62.
Nonpar
us.—^000
___—u__
17
18
Jun 29
-2% Apr 14
Cerro -de Pasco;,Coppe,r_„____No, par
2,200;
500;
>2%
*2
:
Preferred
•
30%;;
2
11
Gentury Ribbon Mills—^.
ty
90
'
*17%
Central Violeta Sugar Co
?2%
*83
•.
300
1% Jan
_100
Jan
33/a Feb
110
90
preferred—100
tCent RR Of New Jersey____
2 % Feb
1% May 27
Mar 10
Co.—1
4%%
100
13%
/ 30%
26%
Foundry
Central HI Lt
30
2%
*2%
-•
,
Central
700
98
*2
-
*12%
31% //.
-
26%
26%"
.26%
17%
X30 %
.2%
.2%
25%
17%
26%
,
00
32%
.15/8
%
*96
•
*12% i- 13%
:.27/8
483
J;
31'%
31%
31%
*2
90
*2V4
'
fi%;
/
*83-
*25%
26
'•
90
*83 ~i
31
"2%
26
*2% '•
-
2%
*2%
«90
-
1
/
23/8/,
13 Va
■
27/a
*2%
',
'
1%
98 >.'•»
'
*2-
2%
*12%
12%
12%'
13
.1%
*96
98
*94
2
2
2%
*12%
97
97//;
1%
*1%
1%
*1%
...
99
•
*2
12%
12%
;
1%
1%
*1%
98
,>
2
415
Aug
33% Jan
109% >Dec
}3
5.
24
Oct
98
(May
>84% Mar JO
81
-
.^16
48
5
73
2
27
Jan
029
iao- Jan
j
5.
;
Sep
405/
Sep
"
*78
79
*78
79%
*79
79%
*79
>
79%
-.79%
'
,79%"
79% tr
-*78
Clev ;ti Pitts RR Go T%
40
i
1,200
f
1,700
t
'
r
50
*47
*47
-
1
38% V38%
'•'■32% •32%
*80
5
82
*58%
:
♦Ml
'
•
*560
14%'
•
"ft
60
*583/4
59% 1
f-
14%
.
14%
i4ya
.
*47:
i.
38%
4
32%
32 Va
148
*141H
•
80
80
59%
50
*47 •'
>
,33 .;■;
'
•.
80
.
f
*.47
.50
'
'*38
.
39
f.
.
38%'
.32% ...63
.*.W1
148
50
.
i'38%
38%.
%
145/8
14%
101
.
■14%
.14%
*100
113
15
*U
:*583/4
89%
-
32 %
<
.•
*141
148 —
'
/ :80 /
*.78
I
%
*58'A ~.59%
*560-
*560
101
16
15%
:
—
*100
113
*45'
%
14%
*99
101
•44%
38
14%.
101
<15.
.
■,
,15.%^
"%'
.15
.*JL5
..
-
/
*1%
*1
78% -T80
*58%
.
t
.
Preferred
600
(
14%;
"
113
Class ".A
4,700
f
.
>1
iI—uNo.
par
5%
15%
%
07
■:
I
r
i
—Nonpar
1,000
conv
preferred
May
50
X
t
.
'
Jan
32 % Apr 28:
'44,
25% Apr 24.
Jan 22
143 % Jun
,
139
470
Feb
25;
Jan
36 % Jan
80% July
56% Mar 24
£70;
15
11% Mar 13
j
60
July
4
15% July 17
105
96
May 1
13% May 21
100
% Apr
100
Jan
I Vi Jan
106
Dec
Sep
fNov
30 V# Jan
114
Dec
%
July
16'A
Dec
12% Dec
Jan
•63% Nov
,740
Dec
105 V*
-
30
,Sep
Sep
106
July
11
2
18 Va Jan 26
16
;397/a
148
Mar
>
Oct
Mar
pec
Dec
100Feb
105% Jan 22
May
50
•44%
Dec
-
10%
9
Apr 25
:
Feb
>
740
11
No par
% Nov
78
9
; 97!%
64,%
Dec
28% Feb
142
jO
Feb 25
63% Jan
65% Jan 28'
——Nopat
Golo Fuel & Iron'Gorp0
Golorado' & Southern—0s—
700
%
0/77% May 14;
$4.25 preferred
_l>_No par
ICtillins i&'Aikman—0_00t,No par:
113
'15%
-
fThe)
ColgateBalmolive-Peet.
100
2,800
*100
%"
*34 •....%.
.100
.Coca-Cola Intern Corp—0„No par
;i4% ''
101'
■'
•
1534-,-15 % '
*98
4-50
:
Goca-Cola Co
?
•1434
153/i
■■T' 15
59% '
*560
; 101
r. •
*100
113
15%
-•*3/4
>14%-'
*98
,
—
•
" Mar
20
Jan
1%
Jan
'
•
;
323/4
148
gtd
/Special gtd 4% stock
'
___50
'Climax/Molybdenum—
'—No-par
Gluett Peabody
Go—0
No -par
'
*560
*100
16
..32%
.
*141
80%
44%
*99
14%"
'
*-15%
38;
148-
*58%
14%
101
14%
*100 0 113
'
:
.
50
*47
'
*560
*99\
.
60%
••
59%
:
38%'
//.32%>32'%;
148.
*141%
'
50
-
38-
•
1%
1%
1%
1%
11%
"1%
41%
11%
1%
11%
■
*!■
*11%
134
1%
*1%
M'/«
1%
1Y*
1 %"
12%
12 %
..*12%
.123%
12%:
12 V*
•12
12 Vi
1
12 %
*1
*1%
l3/4
130
1%'
1%
30
r
:E2V8
1,000
:
12 V4
600
•
:.
.1%
12
•
m%
For
12
*11 %
footnotes
see
12
page
12
227.
12
*11%
-
4 % 1st preferred!
4 % i2d preferred-
—L
Columh Br'd Sys Inc 61 'A
Glass "B—
u
■
000
2.50
2.50
2% Jan 31
'X'
—100
:
..
May 19:
% July 10.
8Va Apr 07
6% Apr
24
1
.
Feb
•13% Jan
'6
13.%0an
6
*
3% Aug
2% Sep
% Deo
11
Dec
0
2
>Dec
21%
Jan
11
21
Jan
•
.
Dec
THE COMMERCIAL & FINANCIAL CHRONICLE
220
Monday, July 20, 1942
NEW YORK STOCK RECORD
•'
share
per
36%
367a
li/a
36
34%
34
34
73
73
73
73
7%
•
105
21
101
v
271/2".,
*27 V«
21
1007/a
26%
27
*103
»2574
26
19%
.20
19%
20
*2
2%
14%
17%
10%
'78%
%
*1%
2%
14%
'
14%
14%
17%
*10%
'-*!76V& '
10%
10%
"-78%
,
-v
"
8%
112
24'/4
*77:
*87%
90
4%
13%
87%
5
5
10
107 '
*105
.-8%.
'•
32
8%
a7a
24>/4
247a
»'r
7,700
600
90
/ 800
1,800
34
74
5
.,
,13%
13%
.V! 13%
*87
'-
47/a
13%
87%
4%
-
'$7%
%
"-87%
*fa
*fa i
*7%
2
-
317/a
*7'/2
*1%
x5Va
*5V2
6%
*31*
fl^%
12%
*12
5%
*5%
6%
6
92y2
':
12
*30
'■
*90
12
*93y2
./V'19%
,
25%
<
7
.»
7
'
*
'
50
327/a
51
-5iy4
.,-51%
*172
173y2
*171
*2%
*
*88
Columbia Gas & Elec
No par
6% preferred series A——*100
5% preferred
—
—100
Columbian Carbon Co
No par
Columbia Pictures—J—No par
.
90
90
*6%
'<
:
4
•
*66%
'
*10
67*%
83
*76
83
*76
*10%
11
18
*16%
*
*10%
*16%
*16%
'
*93
6%
-6%
19%
*19%
*86%
♦55
%
fa
16%
*13%
17
13%
'
-
19%
19%
*^86%
13%
14
*9%
108
6
26%
11
22V2
*26%
io%
ii
■
33/8
;
fa
*fa
17y4
17%
22%
*J/4
19%
*7%
19'/a
19%
80%
*7872
-
8%
*3472
11%
117a
597a
7%
19y4
7%
19y4
80%
Y
3574
2274 "
*22
*78
-
8%
*8
' 22Va
58%
38%
*34%
3574
22%
22%
*22
*37%
8
*7872
17
-17
22%
38
*8
11
15%
16
38
7%
8%
31/2
' fa
15%
8%
*8%
3%
22%
26%
8%
31/2
22y2
26%
'
117a
11
'
/■
58%
58
11672.116%
1167a
116%
-1574
1474
1474
*1474
4%
♦4
*97a
04
10
120
123%
117
24%
374
13374
; *97a
-
120%
1237a
123%
117
1165/a
*115%
24%
-374
*24Va
-134
24%
24%
37a
■
134
.-120
;
,
12V4
92
iey2
26%
>6%
90y2
*76
83
/.
; fa
16%
4
'
14
7%
19y4
80%
8%
35
2274
11%
59%
37a
*93
100
30%
■
'
/
fa
16
18
22%
38'/4
38'A
7%
19%
80%
°8
8%
35
<35
22%
22%
11%
11%
'/
26
*37a
60
-
—
47b
97a
'
121%
123%
257a
26%
'37a
—
..
.
305/a
127a
*127a
13
13
267/a
27
2774
13
277a
-SJ27a
27
n%
1178
12
127a
127a
ll3/4
174
*17a
*17a
174
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21
217a
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3174
*23
23 7a
*46
477a
*111
21
*3178
:
457a
53
*51
547a
-
For footnotes
23
21
20®/a
21
317b
313/a
3174
23
227a
3l7»
227a
46
*457a
46
1117a
111
47
111
19 7a
317a
227a
*46
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-
26
z
2774
11%
174
17a
'
2774
117a
174
.
1
23
2074
31%
22%
4774
111
23
20
313/4
*22
•
■
.
...
307a'137a
273/a
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174
z'
.
1
23
20
313/4
.
.
.
23
46
46
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,
111
2
2
2
2
*1%4
50
49
49
*477a
52
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53
*49
53
*527a
547a
* Ve
fa
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Va
4
547a
Va
4
50
*49
<,'
2
*49
,z
r;
v Y
__
2
527a
Va
■ :
120%
1237a
119
;
53
527a
°7a
•
—
50
547a
Va
*7a
400
20
1,000
1,900
2,300
2,200
200
100
200
-
;
11674147a •
474
" 97/a;
2
page 227.
—
' 59
*25Va 26
*3 7a
3%
1337a 133%
*307a
*137a
-
35
22% 4
11%
*172
305/a
137a
200
8
.
50
*51
*%
___
80%
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2
50%
52
see
247a
1
;
8
197a
547a
5074
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24
111
—
*1%
53
*50
1
247a
*227a
23
457a'
2-2
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17a
2474
1
17a
,277a
203/4
313/4
23
*111
__
*7a
17a
97a
-
22%
.
11%
.,
59
11674
*137a
*4
*97a
*118
/ 1197a
4 122%
*1157/a
*172
3074
fa'
200
,1,800
Y Y*3472
i
.
Jan
Jan
Jan
Jan
YjJ July
14
Jan
95% Jan
16 . July
8' Mar
19% Feb
41 Jan
10
Apr 27
11% Jan
77 May 19
.88% Jan
■ 23%May20"
36 Jan
/ 63 Jun 25/; -79% Jan
" 8% Jun 26
13% Jan
5 Jun 29
/9Y Jan
88
Jun 13.: 140 .Jun
^ 74% Jan 2
83 Feb
_
7,600
900
10
1,900
;
4
EndiCOtt Johnson Corp—
5% preferred
20
—
$5 preferred$5% preferred—
$6 preferred
Equitable Office Bldg
-
—3
50
100
•
16% Apr 17 ;
?274 Jan 2
108 Apr 24 :
170
Mar 28
'26
May 16
Xll7aMay28
2
2
16 4
2
27
23
2
24
27 *
—1
174Aprl7
40
Apr 28
467a Apr 30
47% Apr 25
-
' A
Feb 21
110
Jan
11 % July
lg Jan
65% July
•
.30%
4
;i8%
237»
15%
97%
Jan
Jan
AUg
Dec
Jan
Jan
103
Jan
•
;..
'
:
8y8 July
23% Jan
107% Jan
i
%• Dec
.
1% July
July
Jan
May
Nov
July
July
Jan
July
Aug
Nov
;
40% Jan
10
Sep
Feb Y
45% Sep
Dec
4y« Jan
Feb
27y« Nov
Apr 4,.: W23% Jan
Dec
- :i87/» Jan
Dec f • 66% Sep
6% Feb
35%
,2%
17%
15'%
9%
48 /
17.
4% Jan
5
15 - Dec
8 / 38% Dec
20 : 10 «Deo
15. ' 80 " Deo
3 ; 28 » Dee
273% Deo
14
' 1% May
27 > y'-3% Feb
3 ^ 72
Feb
7 / 41% Feb
^ V
9
,; f87%
:,./,/45%
r > 15%
94
•
.
.j
Deo '
8
-
Deo
13y4
.
8%
127ya
77
*'■
-
12% Deo
Q8
-
>47%
98%
,
Jan
Dec
Jan
Jan
Jan
Jan
Jan /;
Jan
July
Jan
Jan f:/.
Jan
Oct
Jan
Jan
Nov
Sep
Sep
Deo . "
.
18% Jan
25
Jan
-99
Deo
1% Jan
'
Jan
Feb
Sep
Jan
Aug
Mar
Y
July
Y 8% Deo -/ 6Ya Sep
17% July 9
14% Dec
18
Sep
11% Jan 19 6V5i Apr
11% Oct
110 Jan 8
109% July
114
Jan
•' 8% Jan 5.7 — '
; :
—
24Va Jan 14
18% Feb
28% Sep
29 Feb 27
27
Apr - 30% Aug
11% Feb 20
9% Deo
18% Jan
- 10% Jan 28
-6
Deo
14 July
4% Jan 27
2% Feb r ' 6% Aug
7 % Jan 27
fa 'Sep
% Aug
18% Jan 7 • 16% Dec '
23y4 Apr
21 Jan 27 • 12y« Deo -20y4 Sep
• 27% Jan 19
21
Deo
29% Jan
38% Jan 12
33
Dec
41
Jan
9%
19%
807a
' 9
36
22%
13%
707a
12474
157a
4%
May20
144
Apr 24 -1267a
Mar 14
117
16
.
Oct
Jan
-
Jan 8
10
Feb 26 " 1197a
207a Jan
103/aJuly
fa Feb
f
% Jan
17Va Apr
,15 ' Apr
29
Jan
19 Va Apr
393/4 Apr
1077« Feb
t
Y 3% Jan 10 /
Apr 24
No par
No par
—
No par
—No par
Engineers Public Service
4
;
No par
Elec Storage Battery
El Paso Natural Gas
r
.
Apr
July
Oct
Aug
Mar
- % Dec
' 18y4Mar 27 . 13% Deo
45 18% Jan 5 -10
Deo
34%
9% Jan 0
6% Deo
,
10%
257/8 Jan 12.
24
Dee
29%
00 July 3 • 80 -Dec * ' .00
56 Jun 3 . 42% Feb
47%
17% Jan 14
14% Deo
:; 20
•
4
7
July 15
Mar 7
Jan 5
July 17
Jan 2
Apr 23
Apr 14
May 21
Apr 29.
Mar 9
Apr 28
72
83
-: 77/«
287a
31
104%
.37%
28 V 28%'Deo
'62%
9 _, 42>/4 Apr .
x54 ,
24
170
MaT
182%
5
2% Dec
4%
15
fa Dec
%
0
11
Dec
19%
5 ; 88 • Dec .• • 107
13 / lO'/a Dec / ,19
08
2% May 21
- A Jan 23Apr 2
Jan 5Apr 28
14%
14
,18
33Va
Diamond T Motor Car Co
2 7 7%
Distil Corp-Seagr's Ltd
No par
16%
5fo pref with warrants
100
70
Dixie-Vortex Co.
No par •
7%
Class A
L——--——No par
32%
Doehler Die Casting CO——No par ■ 16%
Dome Mines Ltd
—No par
8
Douglas Aircraft—-j——No par >■ 51
Dow Chemical Co——
No par > 95
Dresser Mfg Co.—————No par \ 137s
Dunhill International
i
■—1
2%
Duplan Corp—
No par 8
"
8%vpreferred---*
—;
—100
112
Du P de Nem (E I) & CO—
20 ..102%
: $4.50 preferred
No-par 1 120
Duquesne Light 5% 1st pfd
100
1117a
300
,
•
-
4% Jan
82% Jan
21"% Dec
15 /
13'/4 Jan 14
17% July 16
Jan 26
% Apr 4
•
Apr 17'
Mar 10
Apr 10
Apr 29
20 / 25% May 5
10
9% Apr 25
—100 7 Jan 2
2,500 L' Eastern Airlines Inc
;—4
200
Eastern Roiling Mills.—
-Y.5
2,000
.Eastman Kodak (N J)——No par:
6% cum preferred
100
600 •' Eaton. Manufacturing Co———-4
200
Edison Bros Stores Inc
'—
-2
3,400
Electric Auto-Lite (The)
—5
2,200
Electric Boat
;
—
3
300
Elec & Mus Ind Am shares
—"
1,600
Electric Power & LightNo par
1,400
$7 preferred^
*
No par
1,100
$6 preferred—No par
400
500
300
30
Apr
Jan
3
15
28
-
Highest
9 per share
Deo
/ll
1%> Dec
3%
5
Dec Y/
6%
% Feb
9%
27/«Feb
7%
14
Dec
30
93
Dec
106%
11
Dec
16%
2%" Dec
5Y*
79
Jan
109%
7
8
30 '
29
13
14
15 i
15
,'7/
16
16
19% Jan 3
,
\2V% Jan 5 >V
51% Jan 30 /
5% May 1
14% May 9
32 Mar 27
Davega Stores Corp.u,
-—5 27/»
Conv 5% preferred
25
15%
Davison Chemical Co. (The)—;—1
8%
Dayton Pow & Lt 4 % % pfd
100 "102
Decca Records Inc—
—I Y
4%
Deere & Co
—No par
18%
7
July 9/Jan
Jan
Jan
Jan
-
v
;
Preferred—
Deisel-Wemmer-Gllbert
Delaware & Hudson——
Delaware Lack & Western
—50
|Denv ARC West 6% pfd
100
Detroit Edison.
—
—20
Devoe & Raynolds -A—
No par
Diamond Match—1—
No par
6% partic preferred
—25
28
8'%
42
3%
24
33%
55%
174
3%
24'
17
17
22
8
17
15
Jan' 2
.
-
8
Apr
Apr
Apr
May
Apr
Apr
Jun,
4
29
23
Apr 29
Apr 29:
Mar 13
700 ' Cudahy Packing Co__
;
—30• 8% May29
200
Cuneo Press Inc——
—_5
13
Mar 14
.v.—/:• 4%% preferred-;————
100 • 90 Feb 18; % i.. : 12,900
Curtis Pub Co (The),——No par
12 Jan 2
16
/ /
110
< Preferred—————No par / 13% Ma? 19
13% i
1,400 ' •
Prior preferred—No par12
Jun 30
6%
■
8,000
Curtiss-Wright —w—
i—1
5% May 20
20% f
, 900 ,'
Class A
-~il
18
Jun 24
103 7 //
— '
Cushman's Sons Inc 7% pfd
-100
80
Jan 19,
Y v
$8 preferred,
—
—No par
44
Jan 17
13% "
3,800' Cutler-Hammer Inc.—
No par
12% Jun 22
*7%
'19
*79
7%
197a /•
80%
25%
42 Va
159
2'%
Jg
10%
85
12%
—20
,-25 ..
Preferred——
.—100
Coty Inc.
—
—.-1
Coty Internat Corp
1
Crane Co
25
/ 5% conv preferred
—.100
Cream of Wheat Corp (The)™—2 /
29
26,
28
•
r
7,700
190
500
8
■
Corn Exch Bank Trust Co_
Corn Products Refining-—
100 '
-
*3%.
37a
13374 I3474
ii»/8
247i
13%
•
.
fa Jan
1
1
Dec
43% Dec
;C
: 20 , Dec
7
'2% Nov
13
13% Dec
25 .,18%-Dec
28
9'A Dec
24 * 77
Dec
3
90
May
7
Apr 14
9
Jan
1% Jan 3
2% Jan
4% May 13
6l/eJan
"5'/2 Jun 25 :
8V4 Jan
4% Jan 7
6% July
22
Jan 21
317/a Jun
82
May 2
96% Jan
11% July 6
13% Jan
2l/4 Apr 29
, 3»/4 Jan
77
Apr 28
103Va Jan
10%
18
100
*%
15%
17V4
1207a 121/
123% 123%
*1157/a 119
'
120
12%
17a
/
.
;?
Apr
Jun
Apr
Apr
Apr
t"
•
15%1
17'/4
•
22% z//722%., 22% " 7
38%
Y : *37% 38'A
9%
*118
u
27
2474
fa
16
13%
6%
20%
*87
*55
347a 35
22% 22%
H7a 117*
58% 60
116
11674
*14
147a
*4
4%
t
1
/Y
fa
8
4
-
116%
147a
13374 13374
*30ys
h
1
247a
,
16
18
*7%
197a
*79
7%
19%
*79
117a
1
13%
15%
*17y4
22%
*37%
13
*24
*9%
*6y«
90
*76
/ *93
. %
16%
*%
15%
18
22%
277a
V/a
27
100
13%
127a
*1
*66%
6%
T."
,
,7. Mar 27
Continental Can Inc
-20 7 21 %
Continental Diamond Fibre
.__,5
6%
Continental Insurance—
$2.50
30%
Continental Motors——
—1
2%
Continental Oil Of Del—
5
17
Continental Steel Corp,.
No. par15%
Copperweld Steel Co—
5 •. 8%
Y Conv pre! 5% series—
50
45
Crosley Corp (The)
—No par
" Crown Cork & Seal—No par
100 , ,Y
$2.25 conv preferred——No par
Y
1,300 " Crown Zellerbach Corp————_5
82
,
:
•
20
V $5 conv preferred—
No par
2-7% , •
2,200 ' Crucible Steel of Amer.——No par
67%
'/;;Y 300 /
5% conv preferred
,100
10
' '
30
Cuba RR 6% preferred—;——1100
6% ; "
2,600 - Cuban-American Sugar————100
90
Y
80
Preferred
—
-100
83
5% % conv preferred-100
6%
18y8
36%
10%
*80
*13%
13%
6V2
6%
20
20
*87
95
*55 —
277a
17a
16
10
*fa
*16%
%
16%
-
*%
'
*172
__
91%
,
*3%
3%
/
3% - 3%
3%
3% - •
400 *17V2
19V2
*18
18%—
*18
18V4 • :
*9%
9%
- - 9V2
-9%
*97/4
9% 4
Y
400 r
*107% 108%
*107% 108%
; *107% 108 »/2 ' •
*57/a
6'/8
- *5%
6
57/a
5% - • 400 •
22%
227/a
22% 22%
22% 22%
.
,
1,600
26%
27
'
26% 26%
27 V2 27%'
/> 1,100*llJ/4
11% " ■■■ 11%
11%
11% 11%
-7
700
8% 18% / , *8% - 8%
; /8%
8%
600
3%
3'/a r 3% • 3%
/ . -3%
3% ' ' • / 2,300
59%
116%
1474
*1478
4y2
4i/8
97/s
97a
Y
4 *118
1217a
'.".121
123%
123%
1167a
' *1157/a
26%
12%
92
f 16 '
,
'
115'
133%
12%
10%/ 10%
;v 10%
17%
17V2 " ' *17%
10%
:/
*16%" 18
Y ,"
*93
%
"*%
90
83
90
*76
300
4,100
410
100
600
8,100
Y
200
" / 800
.
28
67%
6%;
Y
10%
-
.
*32V2
33
t,
51 Va
52
,
172V2 172y2
*2%
3
81
"10
11
-6%
*89V2
*11%
1
'
3,700 ,
6%
300
38 Va i
ii 1,600 ;
3% f. '
7,500.
23% <
6,800
Y*-17V4- 17% t ; Y
100 t.
9% V 9%
300
*48%
49%
400
*6%
18%
/ *17%
*36%.'Y36%.
,.r. *36l/4
10y2
10% ; 10y2
81
2,400
200
.1^.
: 1,600
' -.1,300
.
,
1
$2 partic preferred—
No par
Consol Laundries Corp
—5
Consolidated Oil Corp—No par
Consol RR of Cuba 6% pfd—_100
Consolidation Coal Co
—25
5% conv preferred
L
100
Consumers Pow $4.50 pfd
No par
Container Corp of America
,-25
Continental Bak Co—u—2—No par
8% preferred—
100
300
6,100
I;
26%
;Y *18
36%
10%
82
Consol Film Industries—
200
'
2% !
94'/2
,26
•
6%
-; 38 Va
37/4
23>/2
%'
12%
Y
92 . ,,-r
16
. r
:
':•
5%%<
6
6%'
31
9<?i/2
12
23% Jan
3% Jan
.16% Jan
217a Mar
11% Feb
89
Feb
97% Feb
3
0
7
42% Nov
16
64
Dec
15 .'
4% May
6
2174 Apr
5
167» Dec
24
96
Dec
9 / 19% Dec
15
100
Dec
10
7%' Dec
8
7a Dec
6
39% Dec
4ys Jun 3 .,. / 7% Jan 14 .:/ 4% Dec
11% Apr 25 ..,14 Feb 4
11% Dec
78
Apr "9
94
Jan 16" *82
Dec
Consol Coppermines Corp..—
3
'' Consol Edison of N, Y„_^__No par
7
$5 preferred—J——.—No par'J
3,200
• 8,400
VM 1,000
•
7% r
2
7'r:Y/'::■ *6%".'-7
" I8V2
*10
'
6%
19%
12'/4
92
16
/
'' 1% Jan
17a Apr 28
•
.
/
:.'%
12 *
*2%
*92
32%
32%
51 y2. 52. ..;:
172V4 172y4
2%
2% Y
.
13%
14
6%
67/a
19%
19%
*86%4 103
*55
14
14
*374
303/4
52
.j
103
1.
172y4
3
'
U
• fa
16%
1333/4
30%
25*%
<
,
32%
14
.
■
*172
*30%
31
-
-
37a
134
*172
30%
*118
1237a
"
172
*
04
97/a
'.120/
120%
»1157/a
♦
1474
*118
*123
*8
*3472
2274
*11
587a
115
45/8
*97a
>
118
100
i
.
26%
Par
-
600
.
"88.%
*%
*7V2
*1%
5y8
*5%
6%
*30ya
.
5l/4
27%
28% ^ "'27%
*66%*,67% '
67%.-
-
.
3%
3%
*17!/2
19V2
9%
9%
*106% 107%
ey8
6y8
22%
22%
"
26%
26%
11%
11%
'• . *8%
8%
3%
3%
* % • .fa
15%
16 Y
*16%
18%'
22
22
" *37%
38 7
*3%
9%
•
110%
*81
'
•
__
13%
*16V2
19
'
22%
15y8
*55
3%
19y2
9%
*106% 108
6ya
6y8
3%
3%
6
.
-
13%
*15V2
*106V2
*19%
*86%
•"
103
4
13%
*9%
6%
6%
6%
,
-
103
r
13%
*16%
17
14
14
100
fa
%
%
*16%
6
Y*89%
18
*94
100
♦93
*18
10%
18
*10%
■
•'
*36%-
83
11
♦76
'
7%
7%
*1%
2
5
' 5y4
6
*5%
6
6%
6!/2
6%
31
*30
31%
92'^
*«i.
99%
12%' Y/V 12
-/12%
2%
2% -2-/4
95y8
*92 '-.. 94%
V;
7%
* 2
'> *6%
1
'
6.%
92y2
•
•
♦
11
ey4
90%
6%
6%
91%
♦
67%
*10'
;
*91
*15
,
28
*89V2
•6%
*89%
■
,
/
82
27%
67Va
11
'
6%
18%
36ya
10%
10%
27%
*10
-.
*81
82
*66%
11
c
16
*6
10%
10%
*27
<
90
%
*17%
*36%
•
36%v
*81
82
'27%
67%
•27%
'
/*36V4
11
11
♦81
6%
18%
6%
*i7>/2
-
f36% Y
90
•
16
3
12
16
90
;
15%
:
7
*17% T18%
36%
"
•
.15%
15%
'
■•'
fa:!""%
%-
,
5,300
.
,
4%
13%
*
13% ^13%-!y,;;;13%
/z88 %89 % • ; '
88%
13%
89 %
7Va
*6%' : 7%
38%
Y • 38
38 Va
.3%
3%
3%
3%
23% ' 237/a
23%
23%
*17"%' 17%
*17%.Y;47%'
10%
10%Y:Y.Y/*9% 10
*49
49y2
49
49
32%
51V2
172y4
*2%
U
12
/
11%
%
.
4
33'A
51%
173
*2%
*%
3
12
90
-
51%
4%
5
38 Va
49%
*32'/2
*171
5
*6%
*49
52
11%
%
12
25%
7Va
-
.
173y2
*2%
%
3
%
12
.
.
" 2%
*92
17V8
-9%
33
-
*90
12%
'
2%
95%
257/a
3Va
32%
'
31
23
*32
:
10Va
6
6%
317/a
'.*17
9%
3y4
50
*9%
5*/a
*5%
6%
5»/4
38%3%
23y2
23%
*49
'
7%
*1%
7%
2
*6%
38
177/8,a
10
~V
50 6
18%'
13%
897a
%
.
3'/a
-17%
*9%
23'%
*17%
25%
•
7
377/a
23%
3y4s";
3%
23
26
•
37%
37%
37%
2%
*92
98
*92
26%
26%
1
5 Va
Year 1941
Highest '
Lowest
$ per share $ per share
Lowest
•.* $ per share
Commonwealth Edison Co——25
17% Apr 29;
Conde Nast Pub Inc—.—No par
</, 1% Jun 3
Congoleum-Nairn Inc———No par t 12% Apr 22
17%
3,900
Consol Aircraft Corp—————1
15
May 20
10% i.;
1,400 ' Consolidated Cigar——-—No par
'
9% Feb, 16
78
i10/'
7 % preferred—L—_—
100
75
Apr 25;
90
20
6%% prior preferred
100 "
83
Apr 20
19%
2%.
14%.
*2
14%
17
;*10%
*77
.
y2 " ••"'•: *fa
92'/2
12%
*90
*74
98
'
7
;
'
2%
2%
6y4
6V4
-
31 y4
*90
13%
87%
' "fa
2
5V4
-6
*5y2
*6y4
"
7%
7%
7
'
*30
!
%
*1%
5%
5%
>
12%
7%
*1%
.
Range for Previous
On Basis of 100-Share Lots
.
, .
Shares V
-
*
*47/8
^EXCHANGE
v L
x 32% Apr 17
54 Jan
32
Apr 22
45% Jan
*72
Y r
,
; 51
Mar 16
74
July
,
*7%
7%.
5% Jan 2
8
July
*29
30
Z ,
200 : t $2.75 conv preferred——No par ,
24
Jan 8
30
July
20y8 20%
6,000
Commercial CrediU—i
10
16% Jan. 2
22 7a Jun
*97
100"% V
V
100
' 4% % conv preferred—100
91% Apr 29
101
Jun
26% 27
i.
,/7,400, Comm'l Invest Trust
:—No par, /' 20,% Jan. 2.
27% July
*105
107
100
$4.25 conv pf ser.'35——No par
10074 Marl7
105
July
8% "8% . ..
5,000
Commercial Solvents—..—'—No par. : 7% May 12 1: ■ 9% Jan
fa"
fa
5,500
Commonwealth ft Southern—No par
fa Jun 26
r U.Jan
24
24% »
1,800
»
$6 preferred series———No par
23% Jun 4'
44% Jan
26%
26%
Range Since January 1
NEW YORK STOCK
Sales for
the Week
.
174
35%
x34
20
19%
19%
2% yY_. *2
2%
15y8.. ..15%
T57a
17%
xl7%
177/4,
lo'/a
lO'/a
107a
78 ; .
*77-/ 78
90
*87%
90
90
17'/a
,
1%
x357»
100%
*97
24%' 24%
19%
- .'*2
15
15ya
17%
17%
10%',- -••'.-'.•10
78
•
"■ *77
'
..
8%'
fa
19%
2%
*2
15
,
34% "
74
7%.
V/e .
*29
30
20% 207/8
105
105
fa
24%
19%
90
*89
90
90
■
Friday
July 17
S per share
..*34
74
74
8
.
*29
30
20% 21
*97
1007/a
26 Ve 27%
8%
10
■
25V4 '•
*
17%
17%
•78%
32
37
34'%
" 77/a
.
107
8%
8%
8%
fa
24%
'8%
'
29% ' ■-\
29%
20%
110
*103
*8%
.fa
7%
7%
*97
<
27%
27
.
110
*103
101
*367a
*34
*71
73
73
■
29%
21 Va
29%
21%
21%
'
7%v
7%
•
29%
*29
*101
$ per sr*are
17a
17t •
36
36
*34
34%
"
11/4
367a
'7%
...
9 per share
'■ v
iy4
<-34'
'
July 14
STOCKS
..
Thursday
July 1G
•••'< S per share
1 7a
1V4
36% 36%
Wednesday
.July 15
9 per share
1 7a
1%
Tuesday
Monday
July 13
July .11
11/4
SALE PRICES
LOW AND HIGH
i.
Saturday
Feb-9
-6%
July -8-.
12%
July 2 s 63
Feb 13
»7
Jan 12 - 32%
July 16 - 17
Jun 6
x9%
Jan : 6
597»
Jan 3 ylll%
Jan - 3 - 12%
July • 9
2%
Jun 20
0
Jun 17
105
Jan 2
136%
Jan -7 ' 120T/a
July 9
111V4
27% Jan 3
3% July. 9
141/ Jan 7
Jan 13
31% Jan 0
15 - Jan 21
27% July 9
133/a Jan 5
1% Jun 2
1% Jan 8
24 May
1%. Dec
/l20,/4 May
176
3574Jan
323/4 Jan
327a Mar
267a Feb
49
Mar
1117a Apr
23
23
3
18
16
11
37a Jan 5
'66
Jan 30
73
83
Jan 5
Jan 17
Va Jan 5
Apr
May
Deo
May
Dec
May
Dec
Dec
Sep
Dec
Dec
Dec
Aug
Deo
Feb
July
-
lOMi Jan
1874 Jan
.
.80
Jan
18% Nov
•
377a Oct
.
'-23% Jan
>
177a July
Y/ 79
Jan
<
141% Jan
* --237a Jun
> 6% Jan
10% July
- 117 > Jan
164% Jan
s
127
Dec
/ 118 May
-
34 .
5%
1457a
100
Apr
1827a
27 -Dec :\'36%
14% Feb
177/a
17% Dec
337/a
10 ; Dec .
17%
% Jan
%
9/a Dec
4%
27% Feb /
397/a
23% Feb
365/a
26% Dec
34%
213ADec
33
397a Feb
47%
1077a Nov
113
r
-
Dec
74% Dec
fa Nov
Jan
Jan
Sep
Jan
Jan
Aug
Jan
Nov
Nov
Aug
July
Sep
Oct
7
Jan
8074 Apr
2% Dec
6474 Dec
69
Jan
Jan
Sep
,
-
83% July
897a July
% Jan
-
1
.
,
-
/
'
f
Volume
156
Number 4091
THE COMMERCIAL & FINANCIAL CHRONICLE
LOW AND HIGH SALE PRICES
Saturday
July 11
Monday
ft
$ per share
6%
6
6%
6 >/8
6
2%
4%
4%
5%
23
22%
2
6
*32
33
/
*4%
22%
*31%
20%
21%
*6%
7%
22%
*74
i
.
i
I
2Q%
I
■
;
*10
■■■
<17
.*32%
'
.11%
100%
*90.
?
i
*19
.
'
*30%
130
*17%
:
32%
31
»
*6%
10%
*1%
*89
t
'/
1%
:
*18%
183%
*2%
2%
*2%
2%
*9
50%
4%
7%
*8%
*4%
5
36%
*4%
4%
*4%
9%
4%
*8%
'/a-
101
1*4
114 %
if>. 23A
3
3 %
3%
2%.
2%
2%
'
73/4
";v" 7%
'"*75%
7%'
"18%
26%
.32
♦114
32
.*
*173/4
.
4%/
32
- ,
120
*114
" >"
79 y8
*114
"
aa 8
79%
♦125
127
-
31%
:Z'f
32%,
*114
-
32
V
120
*114%
80
*77%
79%
*77%
*125%
/
126
■
,12%
-
'
*78
.
-39
ft/ft
126
*
21
f*
:..V
ft
;
/
: :•
32'32y8
120
;
-
20:
*1%.
793/4
793^
128% '
*128%
131%
/ "39%
39%
12% <123/4,
12%
*4%
*4
4%
105
*101%
H
lift
105
ft
ft
*11%
*%
-
*25
A
*3/8
ft*
*25
26%
*16%
17
17
*9%
10
*9%
63%
63%
:•/
26 Va
z/
*25
/
.17
10
.
62
113/4
%
iy,
x9%
26%
'ft"
16%
ft
9%
ft.;:
ni•
*9%
;
*12%
*103%
63
62
62
627/8
627/8
143/4
14%
14%
14
*12%
12%
3%
33/4
53
4%
14%
43/a
40
3%
*4%
14%
33/4
51%
43'a
51%
51%:
14%
40
3%
*12
33/4
*50%
145/a
A14%
12%
;
13%
Jan
33/4
A
Gen
100
51%
.No
21
500
IOV4 Feb
.19
Jan
41
18
Dec
July
23'% July
28
B33%
Deo
69
Jan
3
94% Jan
Aug
12
Dec
23
4
11
Jan
1
21
Jan
20
3
3% Jan
5
22
7% Apr
1
17
IOV4 Feb
20
8 s%
8% Apr
51
Feb
52 Va Jan
22
47%
33% Apr
98
Jan
104
Sep
Dec
55
Jan
3%
Deo
15
2%
Dec
Jan
28
2
:
93% Jan
14
6 3%
90 Va Feb
4
73%
Feb
25
20
Mar
2
16
Apr 29
127
Jan
10
118
Dec
—No
par
111'% Apr 29
par
% May 13
21% Apr
28
283/a Jan
5
23'% Apr
24.
40'% Jan
5
61
64% Apr 29
/,
122
Apr
30
Jan
2..
*
Oct
130%
Apr
35%
*
Jan
,42»%
) ,112%. Jan
%
Sep
22
Feb
15
83
Jan
'
4. Jun
.1
103
par
—10c
No par
•
10
8ep
117%
—vl
No par
Jan
8
Jan
3
27'%
6
53/4 Jan
12% Feb
Aug
5
%Jun
18
28»% May
19'% Jan
11
100
105
16% Jan
May 21
Jun
15
71/2 Jan
..5
12
3
par
x40'/a Mar 31
53
No par
■xt4/■: Apr 28
No
No par
50
No par
12i% Jan
373/4 Jan :
50
May
Feb
10% July
4
par
Jan
110
2
No
Jan
Apr
July
14
Mar
43%
Jan
Dec
7% Jan
110%. Nov
Va Jan
i6 y» Jan
106%
Jan
s% July
Apr
25
Deo
Dec
29% Jan
8'%
Dec
11% Jan
Jan
80%
Sep
16
Dec
24
'
Aug
16
13
Dec
22
Jun
24
102
Mar
112
Dec
6%
9
6
27
17
Feb
Dec
14% July
2% May
34% May
6
Mar
4
44
48
46%
/
20
15
2
-
'% Nov
5
65% Jan
2
Sep
Jan
127% Aug
Dec
Dec
16'%
•
5
5% Jan
4/
9
/
19
20
91
132%
;
98'% Jun
7
79% Jan
12
13% Mar 30
Feb
x
9
10
8'% May 27
Dec
Nov
y 48% Jan
1
105% May
A Nov
/
5
107% Jun
-
Dec
Sep
4%
31
27
Mar 11
104
,
Nov
9
3
•55'% Jun
par
July
3
109% May 13
14% Apr 28
'A.
/ Dec
3'% Jan
Apr 23
23
125
30
4
VA. Mar 26
,
Jan
28%
121 %
13
1 Va
Jan
78'% July
„
/ 39% July 14
% Jan
10% Apr
No par Z
9
126
' July 18
2
A Jan
101
100
38
3
131% Feb
,
103% Mar 11
•
No
preferred
/ 333%
20
Jan
16
Apr 10*
16% Apr 20
13% May 13
par
par
'
(The)
,
Jan
97
1
Dec
Jan
102
122,
par
No
$6 preferred
243%
13% Jan
116'
Mar 25
,10.V
No
preferred
15%
'
-100
Brothers
Mar
/' 6% Jan
Dec
par
Safety Razor..
July
5
Dec
par
Co
144
'
Dec
May 20
120
7'% Jan
Dec
,
33/4 Jan
15
16 % Apr
x
115
20
Apr
,
3 Z
No
Rubber
Jun
8
,
—No
T
4
39%
16
6% Apr
Mar
12% July
53% May
53% Oct
101
119 -/ Jan
10
21/4 Apr
par
Sep
5'% Mar
8
5
4'% July
Apr 28
23/4 Jun
par
Deo
Apr
15
2
106
2%
6
,
16
104
29
33/a Jan
Sep
Jan
51% Jan
11
35'% Jun
15
Jun
Nov
46% Feb
25
Mar
2%
2 3%
Dec
13
2% July
6'% Apr
No par
Co
Dec
.,48
May
32% May
7 %
Instru Corp„;
preferred..—
conv
9
Feb
36
/
3
3 /
20
4'%%
-2'/a
7
May 27
,
38 3/4 Jan
10
8% Apr
17
May
No par
Telephone
Glidden
39%
Jan
Dec
preferred series A-No par
conv
Jan
132
Apr
Apr
72/
Time
$5
Feb
173% July 14
45
.No
Foods
&
Sep
20'%
Dec
1'%
100
Electric Co..
Tire
9'%
105
Jan
32%
:
1%
Corp
Glmbel
1,100
26
May
•
2
.No
Signal
preferred
Gillette
W.
12% Jan
134% Feb
24
5
3
.....100
Cigar Inc..
Railway
General
300
51%
32% Jan
2'/a Feb
par
preferred-j.—
General
Apr
5
Corp
Gen Steel Cast $6 preferred—No
1,200
*14%./:. 143/4
*37
preferred..
2,000
4%
14%
.*,
1,100
/
53
14
—5
.No
preferred—.—.—:
6%
10%
4%
51%
Dec
23% Jan
1
General Refractories
800
39y2
*38
9
6
General Shoe
106
*52
43/a
Deo
11% Jan 30
23
_No par
A
200
410
3%
3%
7
1% Jun
.No par
600
/
y,A
Apr
3 Va
1% Jan
par
Inc—.
$6 pref opt div series
141/2
10%
Industries
Gen Realty & Utilities.
/
•
62%
•
*12 y
53
4%
40
A
*104
10%
*51'/a
43/a
;
106
35/a
51%
*38
16%
.No
Precision
6 V*
25'%
Dec
I
preferred
$6
Jan
17'%
35
May 28
65%
20
(The)
cum
5%
Nov
33 Va
par
__..._
Corp
$4.50 preferred—
Gen
300
A/.,.y
16%
12% A, A
'
,
*104 A
/ *10%
ft
:.
.No
cl A—
(Robert)
preferred—
conv
103
16% Dec
;
■
(The)
Co
Dec
•
Jan
16% July
Dec
91/4 Apr 28
114
100
98
Jan
.
42%. Jan
Jun
.27% Mar
/
18%
105
Mar 21
9
1
•Gen Public Servlce.—^
10
^26%
62
"
•
500
*%•:
15
Dec
Nov
21
5
—
40
0
^
31% May
8 8% Dec
;
Sep
Sep
13
363% Mar 19
3
Equip Corp_..
General Printing Ink—
300
12'%
10
453%
Dec
90
3
11% Apr
:
13
Amer
1%
Gen
400
y
%
y;A*9-'Ay 93/4
9%
39% Feb
Sep
10
Feb
Mar
Common—
800
12
99% July 11
2
Jun
/Gen Outdoor Adv A
12
*14
10%
53
14%
.
-
■
9'% Jan
Jun
General Motors Corp_^;_^w—
$5 preferred—.—„L—*_No
"A 100
:
104
*25
63
4%
40
•r
14 :'"~~I4
50'/2
'
■
11%
17
■3 62
12%
*51
14%
;
*38
"a
800
:
103
"ft :*• a
/
9%
,106
10%
51%
43/a
*37
Z,
■
*104
10%
52
14%
14%
*37
106%
10%
3.3/4:
52
53
*103%
52 %
52%
4%
*52
12%
.
108
10%
3%
53
/•'A 12%:
*12
10%
*103%
//„
:
4%;a;.4%
/•
July 15
5
General Mills
50
27,100
12%
*103
ft
*16%
14%
10%
-.*12%
103
26Va
:" *25
18 V8
3
16
preferred
Wood
$6
100
Aft/
/
2Ve
104
*3/8
VV
93/4
*14
108
*10%
,,/
,r
19-
*1%
y; /
,,a %
12
*ii3/4
:'p.
17
14
•
/
: i26
126
*i8ya
•
103
*103
A ;
12%
14
V.,;
4% y,
4%
a-:V: *ft
113/4;
103
*25
*16%/ 17':
-
02
103
26%
•
81%
131%
...
34'%. Feb
•40
Gen Gas & Electric A
'
uiM'P
*101%
103
32
104
->/ %
*78%
2%
*12%
43/a/•'
*101%
;
U%
*100
i,
12%
'*4%
%
104
19
*1%
8 V*! Dec
3
No par
preferred...—.
1%
.
97% Jan
19
pfd—100
Co
Inc
Co
General
;.
*128%
Trailer
conv
General
1,600
.;y3939% .:
{
5%
General
>
27%
19
13% Jan
4'% Jan
•
Dec
Feb
27
293/4 Apr 30
—_25
14% Jan
Apr
It
24
Class
■
78
preferred
263% Jmy
.
143%. Dec
11
15% Apr
$8
2,300
""
1-
Jan
2'%
Jan
86
'
413/4 Jan
Generai Bronze Corp....—..—5
General Cable Corp.
-No par
"
'
103' '
%
126
*18%
•
2%
123/4
4 %
*101%
11%
*11%
*100
104
4%
"
T26"
-
'
20
*1%
-,'4
•/
126%"
*18%
-.V
13
%'
"ft
12%
*100
4%
*101%
'
%
80
*125%
V,
•
2%
*%
prior
$6 preferred
300
30
20,200
6
29
87% Apr
No par
TransportationGeneral Baking—..
'
;
4
7
Jan
21
8V4 Apr 23
29
580
:
.
,
•;
27 s/a
*71
,-39%","
4'% Feb
18'% Jan
87
May
3%, Dec
7% Apr
,—,————10
—
preferred—
conv
Gen
600
127:
*114%
78
39%
'
*18%
2 %*
*71
28
8
29 % Apr
.
-A—n10
Gen Amer Investors.
600
19
.
30
Mar 12
27 •••; Apr
ft
300
ft.
2
73% •"1
•-
.128%
.
"
$
'■
3%
27%
X
80
>78%
1283/i
' 39%
126/
*
126
.
%
■
^*71
80
128%
v,
-
.'.--/%
%
>-: 80-.
*71
*
r
*1%:
12%
t
bV/
393/8
.
*18%
2%
t.
V
80
129
39
126
21
*18%
2%
%
-
80
*128
39%
-
%
*71
,
129
39%.
..
\
113%
*125
32% ;v;
120 pi
•
Jun
/
preferred—..
-I-Io
Gaylord Container Corp....,—5
5%% conv preferred
—50
•/;, Z. -1,500
%;•/>: ./•ft ft 800
7%/ i/y ,:• 9,100
81> ft/"/ 100
273,a *,!<]
,
19%: Deo
13
-
%
u
ft
-
*128
.
127
27;
•
"
*%
*71
•/
'
*125
y
27%
;
:
90
16
10
5% Jan
Gar
*18
si
-19
*18
31
May 22
100
ft/ft
4%
*2%
:■/■
Jan
Jan
10% Feb
3
Gamewell
.
*23%
/>
100
93
30
"ft" 6%
.
*112
,
Mar
24% Jan
——
200
*76%
-
%://.,
8 Vb
*76%
18%
27%
31%
a 120.
'"3 21/2
2
13
18
5%
36%
4% ,/
.
3 Va
y
24% Mar
Dec
5
800
ft';
105
36'%
113%
*3
,;A
2%
8%
18%
27%
.-31%
,
3%:"
•
."•7%
126%
27
*112
112
45%
Jun
6%
21% Feb
Gair
ft
10
*100
4%'
x4Va
Dec
16%
5
Apr 21
Gabriel Co
50% •:■■:../ ./ft// :■
43% '/?;
/•' 100
*4%
37
32
29
8'% Jan
18
300
■•ft".
7%
*9
4%'y
*4%
16
293/4 Jan
—No par
300
2%
*49
104
112
;•
.18%
126%
,
27%
SI3/*':-'
A
,
120
;
>:■
126 »/a
26%
114%
7% v/:7%-'
*75%
79%
18%
*125
27%
:f
79
*173%
" 126 Va
113
/
i
37% Jan
30
Fruehauf
ft, 100
18%
•
,
*7%
9%
*36
2%
18%
y
10
2%
:
50%;
*101
3
2%
.
9%
*49
5
*4%
3%
*124
•;./: y
i3%
/
18
„
7%
36%
36%
4%
4%
»7y8
>101%
36%
-
2%
80 %
25/a
9%
04%
;
102%
*36
*2%
*76
1%
*9'%
Jan
6
/:
2%
*1%
,
185/a
50%
*2% /ft
,
2 Va
%
22
Freeport Sulphur Co__———10
99
.
Dec
'Jan
6%
600
*87%
10
2%
:A
7%
*49
5
*101'/a
,
36%
;
; :
Jan
A
96% Jan
Francisco Sugar Co
F'k'n Simon & Co Inc 7%
■
1,600
16%
303%
20
Foster-Wheeler
,
333/4
Dec
May 14-
/$7
1,100
21'%
Mar 27
20
63/a
16%
*18%
2%
700
53
Mar 24
15 ;
;Food Machinery.Corp_iL
/.A 90
33%
-
99
*9%
300
17%
6%
*1% •"."1%
•
183/4
.
*16
is
y*1
105/a
132
'.-*41
>.
33%
*2
1%
*7
•
50%
*4%
.,
36%
114%
33%
*87
i
:•</
..
700'
32:
,
10%
63/4
•
A ,•53
*15%
2%
2%
7%
*49
103
36%
*114
63/4
*41
^
*125
17%
*16
.
: 10
18%
23/4
*8%
50%
*101%
103
v;.v- *1%
183/4
*7
9%
*49
43/4
♦101%
*1%
2%.
:
10%.
A
Jan
,
28
-
32
.
127%: 127%
"96 ft;
*9%
*18%
\
A
9%
Jan
83%
86
Follansbee
20
"
*7
9%
*49
1%
10
33,
*10%
16%.
*87%
H 1%
*9%
„..*32..
33%
16%
1%
9%
34'
3 3%
Dec
Steel ,Corp
10
5% conv preferred——
100
bFeod Fair Stores Inc.^.——._1
700
•
*30'A
Dec
—No par
lNo par
/Florence Stove Co—
i Florshelm Shoe class K-
.33/4
•
33 Va
6%
•
*3%
v.,
200
22
9%
17%
*9%
33/4.
....
*19
*30 y*
53 ft
*1%
-.
10
183/4
7%
V
*3%.
...
i
19%
No
1V4
4
15
par
(The)—
$4.50 preferred—.
Nov
12
24
3
par
Co
Aug
Aug
42s%
Apr
,_1
Flintkote
1,100
73%
Dec
Apr
:
77
-i._$2.50
First National Stores——No
.' 100 3A
*90
.
''
Corp-
Dec
11% Apr
-100
Filenes
200
11 y8
Enamel
23%
30'%
8
20
par
preferred—
9
27
10
,
il May 28
X73ya May 14,
A
-
—_-No par
Dept Stores—No
conv
Dec
Jun
:
6
(Wm) Sons Co
—No par
: Firestone Tire & Rubber-_10
V
6% preferred Series A_
—100
400
26
$ per share
4'%
Jun
19
3
Fidel Phen Fire Ins N Y
2,500
33 %
•; ;.*19%,
3.
\
22
.
135
:. 33 ft
'■
*19
Ferro
,
99%
,
11%-
19%.
4%%
\
1,000
173/4
::
99 Va
"32%
..
1003/4/ :
/10%
6%
32%ftft
17 ft
ft'95
11%
,.*90
32%.
*41
*
..."i 17%
11.
.
Federal Motor Truck
"t Federated
200
!
Jan
Highest
$ per share
20
6'% July
44
May 20
27% Apr
Federal-Mogul Corp,
14/
17%
a.
20
Light & Traction
15
$6 preferred——
^.No pa?
Federal Mln & Smelt Co——•
—2
-
1,700
38
*5%
33%
9%
*16
:«.v
37%
53/4 Feb
,
100
14
2% Jun
3
600
,
9,
.
99%...
.
3%
78
37%.,.:
...
...*19
.
3%
*9%
6%
53"
ft: 17
■
2%
1%
10
1
.
.
32
.32%
10%
*125
..
32%
17%;99
:
17%
6%
*41
32%
ft
.
*32%
22
32 r
,
2
r
5
Corp—
100
,
14%
-
f
1 Vt Jan
4'% Apr 24
Co___—
,7% Jan
23
300
:
9%
*14 /
.
2
Federal
21
9%-
78
9%
17%
19%
C.
.99%
A.
1003/4
3%
,
r.
.
135
17%
6%
ft *87%
1%
*7
9%
*125
53
-
32%
10
1'
*;•
10%
*18'/u
.
3%
..
•
2
li Jan
73/8
*20%
37% Jan
32'A Jun
5
$2.50
74.
-
.....
par
No
/Fairbanks Morse & Co
:
No par
Fajardo Sug Co of Pr Rico—
-20
100
3,400
"
.
..
.
4
Cleaner--
Year 1941
Lowest
t per share
4% Jun
Exchange Buffet Corp
22'A
79
,
*6
„
ft,
11%:.
*19
:
:
33%:
•*90
•:
31..:
:
93/8
17%
ft/ '17
:
♦
22
3% ".
y
ft 135 /ft.
*41
2
*1%
*9%
*19
32
ft,
.ft" 2
/
101
..,.*19'.;'.
10%
18%
99
,
19:.:
31%: •it: *3i:
32%
,
*87%
-
ft
ft
53
*17%
•
1003/4:
;i9
9%
*17%
6%
•
*40
11%
31%
*125
17%
ft/ *6%
•/. *32%
a:
Ex-Cell-O
$ per share
par
Range for Previous
Lots
Highest
—100
benef int
Products
100-Share
Lowest
_
Par
No
pref series A
.'Evans
1,000
32%
.-*74.
.
,
14'/a
,
.37%
.
18%
-,.*99%
."
*90
*9
ft;
14
17%
-i
31%'
143/a
37%
..*8%
17%'i;
17%:
10%
v.-
103/4
"
■
.
*.
34
*9%
■'
37%
14
•
9%.
*77%
...
800
21%
*3%;^'3%. y-ftv. :3%,:z
9%
*99%: 105%
3%.
*30%
9%
32%
-
V
*125
:*3%
33%
,
'.' 32%
*10%
v
V
'••■u
22
'*9 '
21
„
*9%
-
14%
79
7.9,
*20%.
.
9%
35/«.
13%
.
v
.
18%
*19
9%
*74
V.
21
.
*77%
11% : 11% ft-
1003/*
■:
'18%
:
'.31%-
323/rf ■{
.11%
*90
ft
'.3%
*9%
1
All 3/»
.
• 22
,
3%
.
A
-32%
:.
*18% " 19
■
*99%" 105..
1
79
:
,,A
'
'.•(•,
•
Vacuum
)t.
,
common-.
of
5%
Eureka
1
'*6%r-
■
Ctfs
■
100
*31%
7%
lErie RR
i
On Basis of
,
'■
2,100
,
22%
*%
22 '%
*63/8
*9%
13%.
,*53/8
163/4 : 17% "/
-?••>•
ft;
22%
73/8
*20%
.
37% ; 37%
;-4
14
22%
32%
.
5.
EXCHANGE
...
16,600
2%
.*4%
4.,':
22%
*74
ft 78::
*9
.
*31%
32
3% ""ft ft 3%
13%:
78
37%',
>"
'*
r
9%
•••*3%:
■
9%
•'
*8
'
r-j
'34%
*11%
*9%
3%
*37
ft
14
99% I 99 %
i
*9
..
•
37.%
l"
17
:•"
.
ft' 79
■
6%
Range Since January 1
NEW YORK STOCK
,
.
: 2,300
38
2%:
23
3/8
*6%
■
6
for
Shares
63/8
373/4
4%.
223/4
*
;.
21%
/
<
*20%: 20%
9%
■.
7%
?74'
13% I i3%ft
1
*76%: 79
9%
37%.
?
ft
I
13%
79
*9%
:
*8%
ft 3 % r
..'33%
•"• *76%
: 79:-
•.20%: 20%..
91/2
r*3«/V
*13.%
••
1
.32'
21%.
*6%
6
23/4
4%.
-
V 63/8
38 3/s
*2%
23
32%
21. r
7%'
*74
20%
*8%
„
}
79
•
.
*31%
ft
21%
*6%
6
'*%
the Week
$ per-share
6%
38
23/4
*22%
22%
63/a
8%
5:
Sales
July 17
$ per share
38%
•
*4,3/4
r
33
21
6
*2%
Friday
July 16
6%
37s/a
23/4
%
1
•
63/8
37 %
37%
*
STOCKS
Thursday
*
$ per share
6%
5%
37%
*2%.
-
*22%
6 %
6 %
"37%
2%
.
.5%
$ per share
6%
37%
*2%
Wednesday
July 15
July 11
r
$ per share
6%
37%
,
Tuesday
July 13
45%
60
43%
54
Dec
93/a
Sep
Dec
Sep
Feb
74%
11
Dec
17%
Sep
35
*
Dec
46
Jan
Oct
'
♦%
n
*13/4
1%
*75
*71%
71%
18
y
18
1-3/4
n
r
*75
:
71%
80
P/4 U>
*1%
*75
,i
18%
715/a
18%.
*78%
18 y8
82
*79
*%
II
•
*%
1%
1%
1%.
*75
85
183/4
713/4
17%
c
*%
85 /::■/
18
71%
173/4.
79
•:
80
'
>.*;
18% A
713/4
"A.
18
*783/4
85
"V
18%
18%
•
*%
1 Ya
1%
*75
85
18%
u
*%
19%
85
72
18
A1
72
81
/
>
72
181/a
*2%
/
*67%
72
*4%
:
:73/a
71
71
/"•'
'•
■
*7%1
'...
23/4
23/4
*67%
23A
*67%
74%
3-4
*U
Va- '%.V
4%:
4%
4%, ;
7%
7%
73%
(
•
29%
*23% : 24%
*16
f
,
*23
*23%
24%
16
23%
23%
134%
*50
53
31%
12%
*11
/:
313/4
12%
10%
10%
V
;:
*23%
16
■
74%
23%
*2%
2%
*67%.
io%-
23%
.74 %
*31%
11%
•
A
700
7,700
5% preferred...
$5
10%
*2%
2%
*2%
2%
81%
81%
81%
*23/4
2%
*23/4
-
23/8
*2%
2%
*24
24%
*21
22
*21
22
*21
*31%
32
*31%
32
*311%
*ll5/a
12
12
11%
243/4
24%
,
2%
81%
-
3
,
23/a
Sep
90
Jan
13/4 Jan
20
16
■/ 1
Jun
3% July
68'% Nov
Grant
•200
■
5%
(W T)
Co/.
preferred—li
Great
1351/2
12
;
12
*23%
135
*50
31%
12%
23%
135%
140
60
3iy4
12'A
10
v.
a
1,200
3,300
Gr Nor Iron Ore Prop—_uNo par
Western
Sugar-
—No
Preferred
par
Greyhound Corp (The)
„„
900
Guantanamo
'
2%
300
81%
150
2%
2,100
24 5%
*21
22
21
21
*20'%
21
32
*31%
32
32
32
*31%
32
11%
*12
12
12
12
12%
24 5%
1,500
8%
143% Jun
Jan
Jan
14
5
Dec
123%
Jan
Jan
13
28
Dec
36%
Jan
Feb
3
23
Mar
25%
Jan
17 Va Apr
2
123%
Dec
18 3/a
Nov
;/25% Feb 27
18'%
Dec
28% July
4
193/4 Jun
19
22
Sugar
preferred—
—No
10
..
par
100
Gulf Mobile & Ohio RR—_ —No
par
$5 preferred
,-No par
1
135
Dec
1
3
42
Mar
123% Feb
25
4
2
,
;
54
July
Aug
Dec
29% May
363%
93% May
143%
Sep
Apr
10%
Jun
11»%
14% Jan
9i% May 20
Jun
Apr
28
144 '/a
113% ju|y 16,
10 V4
Dec
Sep
18%
3% Jan
1% May 22
'2
483/4 Jan
18
Jan
14
33% Jan
Mar 31
3
19%
27
143
2% Jun
-
i'
Jan
28
Apr 21
10% Apr
/
281/4 Jan
22% Apr
•
No par
;
2%
Jan
July 16
10%
*2'/4
25
l'/a
6%
133%
Apr 24
10 3A
*79
31
'
Dec
25.
10%- 103/4
2'%
8V4 Jan
'
Dec
23 Va Mar 31
1,
1
51%% conv preferred
—10
Grumman Aircraft"Corp„.
3
Apr 25
,
Jun
'% Dec
6%
52
600
81%
12
50
,
^
73/4 Jan
130
11.
21/2"'
3
Mar
6 A
July 10
Oct
3%
100
11
*79
9
25
2
_100
Green Bay & West RR___
Green (H L) Co Inc__
ll3/a" :11'%
*
1 / Feb
5% Jan
71
'
22 y8 May
20
...^
1,900
;
,
7
2
6
10
Jun
Jan
'
•
3
!-;•
July
Jan
;;y; %
'•••
72
.4i% Jan- 2
x58
100
^
23%
25
22
203%
Great Northern preferred——No
par
24'%
25
743%
Dec
Dec
2,600
25%
25
Dec
10
59
2,100
3
3
54
6
Graham-Paige Motors.——.
...1
-Granby Consol M S & P.i——^.5 |
/ Grand Union w div ctfs...
No par
Granite City Steel
•
..-..No par >
800
Sep
July 6
18% July 15m
*
a:
81%
.
233/4
,
-
Nov
82
A
31%
2%
30-
300
!
21%
8
17 Va
31%
2%
23%
/
Apr
2 3/a
2
21 Va
31
*80
,
71/4
Jan
11%
19% July 16
91
2
163/4
50
10%
*29%
300
...
Jan
Dec
Jan
56
21
50
10%
•
preferred
.
2%
Dec
60'% Jan
16%
53
11%
8
>6%
100
1,500
Dec
2
80
13
No par
Gotham Hosiery...
3,600
Feb
101/4 Jan
21%
*134
11%
r
A
11 Jan 30
29 ":
2% Jan
82
par,
*23%
23%
12
'
1./
15
20
y
par
No
21%
135
11%
10%
*79
241%
■■r
43'8
Jun
Jun
Apr 30
■a; 13 :u Jan / 2
No par
preferred
conv
*16y4
:
31
11%
10%'
,/•
29%
*233/4
16%
22
V
*7%/
7%
29%
<
U
a
*63A
1,000
74%
4%
74
No
*
Goodyear Tire & Rubb...
400
2%
*67%
•A
4%
*50
12
*11%-
•
*2%,
-
-n
•
4%
*7%.
■
24%
: 21%
134%
31%
11%
*23%
U
y
...
293A
233/a
53
31%..
8 ■#
7%
16 y
.
135
*50
803/4
243/4
*;
16
*133%
*73/a
•
4%.
293/4
»
21%
23%
135
KV
.
/ *43/a
*6%
24%-
;r
213/4
12%
12
11%
11%
29%
53
*50
31%
ft
*
;/
1
7%
29%
22
133%
75/a
7%.
293/8
16
22%
♦73/8
7%
29%
213/4:
16%
22%
7% '
:
23A
.
B/o '■
'4Vi
%
7%
*29%
133%
23/4'
4%
:
v
?/. 2% '
2%
-
/. Va
'.'a/' 1%
...
'
"
1
1
Gold & Stock Telegraph Co-:.
100
Goodrich Co (B F)
No par
12,500
81
<
(Adolf).
Goebel Brewing Co..
.,
■*
19%
-17%
82
1,500
85
18%
18%
*80
Gobel
1%
■
*75
72 Va
*71%
18%
82
*1%"
.
1
19%
185/a
12
6
29
lVa
13
Feb
Jan
811/2 Jun
30
Jan
24
1%
Feb
293% Jan
24
9
Feb
4
„
Sep
3'/a July
55
Dec
4'% Aug
233%
Deo
H
*9
12
10
*8%
.*98% .100
*98%
For
footnotes
see
91/2
100
page
*8%
*98%
227.
10
100-
*9
*98%
Va
10
100,.
*9
>98%
10
100
*9
*98%
12%
10
100
100
40
500
Hackensack
7%
Hall
Hamilton
6%
Water.
preferred
Printing
class
25
A.
19% May 21
25
29
10
Co
Watch Co
,_No par
8
_L
100
95
preferred
Apr
11
83% Mar 16
25
33
Feb
Jan
11
5
12% July 17
25
10% Feb
6
Mar 11
106 3/4 Feb
7
Jun
Dec
33
Jan
Feb
38
Mar
8%
Dec
16 3/a
8i%
Dec
15
Jan
Dec
108
July
233%
33
102
Jan
I;
July 13
July 14
$ per
t per share
14%
14%
*14%
*7%
89
*674
*674
8
*3%
4
*3%
*8974
89
*674.
'
i
'"l%
1%.
,Vj
174
174
1%
l>/4
*L%.
1%
1%
*90
5
5
1,100
59
*55
59
*55%
57
100
149
149
149
*14774
150
20
*90
95
5
5
5
5
58
58
58
*55
61
*55
150
*147
149
149
*147
*147
*11
1174
*11
1174
*11
1174
61
6174
*60
61%
*60
6174
*11
61%
61%
12
*60%.
6174
*12874
*12874
129
44
44
*41
44%.
*44
44%
*38
*11
128
128
129
*123
12
61%
*11
11%
*60
*147%
5 Va
5%
12874
129
43
89%
*90
93
92 V8
*89
92%
*8974
92Va
13
*12
13%
*12
1274
*12
13
*12
13%
*12
*13
15
*13%
1474
1474
*14
15
*14
15%
*14
22%*,
217 a
21%
22
*21%
*6 %
6%
*6%
6%
14%
*1374
14%
14
37
34
35
347%
3574
34%
35 %
*33%-
34
34
34
9%
9%
*9%
974
*97%
37%
37%
37%
37%-
357'a-
34%
'/
1% Jan
6
93% Jan
19
76
101
Jun
674 Feb
19
5
Dec
45
58
141% Apr
9
10% Apr 28
100
4
158
May
100
/
preferred
cum
3
*3
-
.*32%-
33 74'
Hires Co
t
Holland
1,200
100
lVa
>.
Feb
Feb
27
72
9
132
Sep
06
Jan
Dec
168
July
10% Apr
65'% Dec
103/a
132%
Oct
5674
Jan
.
May 21
Sep
874
123'% May
2
Jan
3% Jan
06
Dec
150
28
1274 Feb 24
Apr
Deo
50'/a
July 13
Feb
-
x
Jan
80% July
Hollander & Sons
Va
2,700
:i,000
12% Dec
16%
143% July 14
1274
Dec
2
13%
Dec
18% Aug
3074 Jan
Jan
6
2374 July 17
6% Jun
1
1374 May 26
par
Jan
par
8% Jan
9% July
16% Aug
107 %
Apr
30 '/a
Dec
5274
Jah
24
x
Dec
39
Jan
34% July 15
Class
/
.
5%
No
B_
preferred_i__„—_^_.
100
5
26
3% Jan
3
2
73/a
14
74 Feb
May
•"
20
Jan
343%, Feb
1
2% Apr 24,
2974 May 2
25
Houston Oil of Texas v t c_
.Howe Sound Co_^_
600
96
100
1
29
Jan
29
t
10% Jan
44
105
2
30'% Apr
74
5
Dec
Feb
>
Sep
115
Oct
'
t
33%
20
38% Feb
,3
574
9
30
Feb
115
22% Mar 21
27
/Household Finance____j__—1.No par
C
;
1874 Jan
111% Feb 27
1,000
.4
3
*32 Va
33%
5
Jan
Jan
300
2,500
38
104
3
13% Jan
115
Mar 21
11
;
400
9 Va
974
j
Jun
5:
(A)
35
34 Va
Dec
99'%
July
6
„1,__10
preferred-*>-J-„4--%-v
7%
33%
12
5
,;i4%
_10'
(Del)„^__'
9
102% Jan
12% Mar 11
pan
The-
(C E)
Furnace
44
Mar 13
79
1.00'
Homestake Mlning^_v—12.50
Houdaille-Hershey cl A
;___No par
*37%
3 74
30'%' Mar
Holly Sugar Corp.
*10174
104'
preferred
conv
Hinde & Dauch Paper Co_.
•
34%
9%
*101-
33
■
Feb
6% Jan
1
8'% Jun 25
2
51
$4
100
.
6 7a
X3474
37%
37%
104-
3
33
3274*
974
974
37V2
.
*1003/4
3
33
*32
33%
3
3%
*3
3
11
3574
34 Va
974
Jan
25'% Jan
14974
Deo
4
125
*111,%
*111-74
3474
*37
W)„
14
*13%
14
35 Va
9%
15 Va
*674
6V2
*13%
34%
104
Dec
92
24
No par
-
2374
2374
23'%
*674
Va
' 35%
'■
37%
104
104
104
104%
3
*32%
6
14
34%
*37'/4
*101
23 Va
*111%
*111%
*113 %
*113 %
*674
*13%
6%
*13%
Va
23'%
23
22%
6%
*13%
3'%
>
May 12
106 3%
>
Jan
74 Jun
4% May
Hershey Chocolate-_______^_No par
13%
1474
140
2
88
$ per share
Dec
12% Dec
19
10
79% Apr
,
___1
25
-No par
6%;
1:
17
Jan
4% Feb
7
29
100
'
89
92%
Jan
Jan
16% Jan
5% May 21
Hercules Powder-
300
89'
s
80 '
/Hercules Motors.
100
*38%
44
*12%
89%
(G
;
104
146
2
Apr
3% Mar
f
.-25
Co_^
Corp__»_
Preferred
,
*38'%
Products
Helme
90
43
:
-._2
Glass
Hecker
300
129
129
129
:
126
X
100
1
Hayes Mfg Corp
95
5
95
5
100,^_1
Highest
$ per share
.
Hazel-Atlas
95
5
95
*90
5
*56%
400
17a
*174.
174
,
*90
*90
95
*90
.*
$ per share
Apr 20'
12% Apr 29
par'
u
■
6'/a% preferredHayes Industries, Inc
:,t
774
*774
774
■
No
Eefrac_„,
Year 1941
Lowest
Highest
98
Ob- $5 pfd_^__No par
(M A)
preferred
Range for Previous
100-Share Lots
$ per share
Par
Hat Corp. of Amer class A__„
100
/
4
89
77%
*03%
774
6%
•j
*8374
3%
"
.'Harbison-Walk
1,400
of
Basis
Lowest
-
■
,
Hanna
'460
1474
'
v
130
*125
Range Since January L
On
STOCK
YORK
EXCHANGE
Shares
100
1474
1474
130
*125
89
*8374
*98%
100
14.74.
1474
130
3%
4%
89
*8374
8
*85
90
*3%
4%
*3%
4%
*3%
*85
*98%
4
100
1474
*125
130:.
the Week
$ per share
$ per share
share
per
*98%
14%
*14%
*125
130
*125
130
*98%: 100
99%
14%
993/8'
99%
*99'
*125
$
ItEW
Sales for
July 17
July 16
July 15
< per shart
share
Friday
Thursday
Wednesday
Tuesday
July 11
STOCKS
PRICES
LOW AND HIGH> SALE
Monday
Saturday
Monday, July 20, 1942,
FINANCIAL CHRONICLE
THE COMMERCIAL &
/
1374
Dec
Jan
36
Dec
64
Jan
100
Aug
111
Jan
2%
Dec
5
July
26%
;
Apr
37'% Jan
'
'
'
*
74
nr
Va
19%
74
*2%'
3%
*2%
3%
*2%
3 V4>
*274
3V4
19%
19%
19%
19%
1974
19
19%
%
Va
7
7
/
%
674
*15
15%
*15
15%,
1474:
*35
35%
*3474
35
34%
*2%
7%
3%
*3'%
374
*3%
11%
11%
1174
7
7
25
*82 %
85%
65%
10%
8374/
*82%
10%
65
10%
10%
20
108
„
*105
108
*106
*
674
6%
6 74
61/2
146%
~
7
.-'/,
142
491/4
491/4
*%•
*%
•;
v
"
33
74"'
Vlf
45%
774
774,
774
v,; 7%
453%
8
7 Va
7%
4574-
J,
*44%
;
26%
26%
4574,
274,
453/4
*2%.
la
774
'6%
774-
'
2674
133
*13174.
10
974
—:
: >
*44-74
2674
rl37
-
:
•
.
*49%-.
50%
45
*44
'
*45
*42
32
102
34
•
*30 %
*96%
2%
2%
*2%
*2634
.
102
102
2%
2%
2674
*3074,
32
*95
1
*44
*39x
274,
*274
v
„
2%
*274'
49%
5074
2Va-
*1%
7%
774;
*7%
92%
*87%.
45
*43
44
*43
*40
44'74
*42
v
27
*30%
3374
.'27%
27
*30%
3374,
*98%
*96%. 110
*8%
874
"*25'%-
27%
874.
*8%
*26
,
27%
~.~
274
2%
*274
2%
7%
'/
*130
774
26
*7'%-
7%
5%
*
;
.
*25
6 74
*674
.No
Salt—
/
400
9
100
*92
59%
96%
•
*674
26%
*92
5874
58
6 74
24%'
24
24
96V2
*93
6 74
6 74
*674
7
25%
57
26
9674
*92
96
58
6%
*92-%- 96%
Va
58
Intertype
1
$6
...
1
59%
*1251%
58
57%
6874
573/4
69%
*67
8%
69%
*8
*8
:
*12574
2074
2174
20%
20 3/4
:
58
58
577a
69%
68
68
6874
128
68
.
*8
874
"
5774
2074
128
58
59
2074
*12574
20%,
57%
20%
*571/4
;
'
20 74
*12574
128
20%
57 %
*8
874
128'
V.-
*12574
-
874
*8
-
12574
*57 74
57 74
6874
68%
6874
128'-
"
*8
8%
400
,;/<
900
,
5%
5%
>
Joy
8»%
Mfg
^
% Jan
12% Jan
3
Jan
.28%
Feb
135
15% Jan
6 74
0
May 20
102
13
2
29
•
.
:/
4
Feb
20
1074
l'/a
Sep
73%
•
Apr
Jun
2%
Sep.
32% May
48%
Oct
49
Oct
Feb
•
May
25 V<
Feb
"31 y+ Jan
49
Oct
05"
Jan
104
26-
26;
July 13
1%
Dec
5%
•
Oct
374
Dec
174
;
Sep
374
Sep
Feb
14
"
Jan
12
87
Feb
98
•
Bep
•/• Feb
2
7
Feb
9%
Aug
8
20% Dec
33 74
Aug
Jan
20
132
2.
7
124.
5'%
14
Jan
44
Jan
Mar
2
33% Jan
5
31%
Dec
5
107%
Dec
111%
49%
Dec
71%
8'
Sep
134'% Aug.
Mar
10774 Jan
Dec
'
Z
■
62% Mar
4
17% May 20
2474, J an
-
122
3
1
Sep
Jan
•
38%
"•
16
•
317i
51%. Dec
-
5
Xl26% Jun
5474 May
'
64
Jan
May 20
79% Jan
Apr 28
11
Jan
Feb
Sep
Feb
7
27% July
Oct
67
64'%
20
5'
Dec
59
3
8
128
Nov
1674 Dec
6
61
/■
Dec
Aug
8674 July
8%
Deo
14
Sep
K
9%
9%,
~4»/4
41/4
*17
90
8%
*8
19
*7
8
*7
8
*774
90
*89
90
7 *89
90
874
98
*94
98
12
*11%'.
12
12
12
105
14
2574
3074
3074
14 Vat
*6%
674
103
,
♦103
3074/
3174*
14
1474-
Va
2574
25%
*174
2s
*174-
33%
*33 Va
3374
33 74
3374
19%,
19%
1974
19%
1974
19%
274'-
3
*274
*103-
14
33%
3
*67 a
105
2574
2
11%
674
*3374
19
*2%
274
30%
•
13
-*•1.3/4
2
*94
12
3074
30%
13%
*13%
*2474
2474
*174
2
31
1474
25'%
•
300
:
10
11,300
600
•
-2,900
1974
25%
11
11
.
1374,
22'
2674
7
;
10%
11
1074
1074
*29 74
30
*29%-
30%
1374
13%
1374
1374
*974
10
2274
10
*9'4
22%
13%
10
x22%-
2274
2674
21%
*21-74
2074
26 Va-
1174
11%
1134
*29 74
30'%
*29-74
14
974
*22%
14
1374
'
974
2274/
19
19
19
19
♦102
1974
19
19%
*91/4
22%
-
2174
2674
30%
22%
*19'4
*21 Va
26%
2674
25%
*29 74
2174
2174
213/4
107
106
106
2174
21%'
26%.
1174
31
1374
-
2674
*11
■
!
2674
-900
,.•
200
974
9 74
*9%
974
2274
22%
900
19%
*183%
:
v
600
preferred.^
Co
(The).—
174
1%
1374
3
174
1%
14%
1474
1
13%
*2 34
2%
2%
3
3
105
105
1%
14
1474
2074
*274
1
1474
2%
l'/s
143/4
*105
*274
*1
14%
106
274
1%
14%
106
274
1
1374
106'
274
40
300
1
1,900
14
17,400
Lehman
Corp
2074
14
*13'%
14
*13%.
14
*13'%
14
14-
14
*1374
13%
100
20 Va
20%
*21
22
*2174
22
22
22
21%
21%
500
Lerner
26
2574
2574
25%
25 Va
2,600
26
20%
20'%
4%
For
474
footnotes
.
205%
47a
4%
see
25%
page
4'%
227.
.
20%
25'%
478
20%
2534
4%
,2074
25'%
474
2074
25%
474
25%
4
4%
21
474
2,300
4,300
Stores
Libbey Owens Ford G1
Libby McNeill & Libby
6'/a
8% May 12
1274
1
4 Va
6
6
10574 Jan
20
98%
104'% Jan
t
9
Aug
121'%. Apr
Feb
May
May 19
12% Mar 18
95
Dec
974 Dec
7
Aug
2274 Aug
'/'■ 1474 Aug
Dec
100
Jan
121'% Mar
Dec
7
2674 Jun
1% Jan
18
.1
i
8'%
106
Jan
Jan
Mar
2
37'% Jan
3
14 74
Jan
2% Feb
5
9
40'% Feb
lT'/e
5
Dec
25;
3
5
:; 30 3% Dec
July 15
29
3974 July
/
Dec
1%
1474 July
38
Jan
Dec
374 July
23%. Feb
40% July
21
Dec
i
2%. Feb
;
26'%. Sep
22% Jan
9
•3'%, Jan
23
Jan
2
22% Apr 29
29%. Jan
5
7% Apr 29
21% Apr 24
11% Feb 37
30% Feb 18
17%
Jan
Sep
45'% July
14
10%
Dec
14%
Jan
13
*
2'% Jun
pat
—No par
—7
Dec
Mar
,7 '%> Apr
Mar 31
Lehn & Fink Prod Corp.—
21
20%
Dec
974
100
-9
1974 May
(The)—....
1
5
Corp—..No par
21
*13%
*19%-
13%
3
13
24
17
25
27
1174 Feb-
43/b Jan
10
:_1
conv
Jan
22
100% Jan
7
par
preferred
——100
tLehigh Valley RR.
'
50
Lehigh Valley Coal—......-No par
6% conv preferred.
—
50
4%
27
30
par
J——100
474 Jan
Jan
Jan
...
Lehigh, Portland' Cements
17
May 18
33
'
107
105
May 26
Apr
9
1174 Apr
24% Jun 25
L
.No par
Lane Bryant—'———No par
Lee Rubber & Tire——...-5'
200
22%
19'%
100
5 %
Lambert
2
Dec
,
•
par
*
20
800
14
22%
*1874
Kimberly-Clark..-..No
Kinney (G R) Co..———
$5 prior preferred
—No
Kresge (S S) Coi—1
Kresge Dept Stores—
.J
Kress1 (S H) & Go
;.lNo
Kroger Grocery & Bak^_—•— No
Dec
Jun
2
Jun
100
..No pan
Laclede Gas Lt Co St Louis
600
29%
6
4%
•••;•
10 & Apr
pfd A„„.No par
Kennecott Copper..
3
XI16%
9
7
•Keystone Steel &,W Coi— ;i.No par
^
2174
-
Co $5 pt
974 July
120'% Mar
95
.Class.' B
•'Kendall
'
12 V*
J
...1
-
100
'
29%
*13%
16
.100
»■'
2,000
3
-
21%
-
...
Dept Stores...—
-85
_40
3374
*2'/4
■
preferred...
100"
5%-conv preferred—t
...5
Kayser (J) & Co.:
'
'Keith-Albee-Orpheuip preferred. .100
Kelsey Hayes WhT conv cl A— -.1
2
1974
1974
3
105-
3374
3374
*274
674
600
1 274
*103
105
19%
74;
3
874
674
4%
10
Mar 17
23% Jan
1
.98
1274
"
6%
3374.
3374.
19
74-
24 Va
2574
*8
874
98
*94
31%
30%
*13%
25 Va
25 Va
*174-
2
103,
,
*13%-
30%
*6 Va
6%
*103
"*8
874
*8
874
*94'
6%
105
*8
98
117
-Kaufmann
774
*89
*8
,
City P & L pf ser B.No pan
-Kansas City Southern—.-No pan
Kan
400
8
*11%
2 Va*
1874
19
900
90
6%
*
*1874
~4Va
*7
11%
*24%,
*!%■
19
4'
474
*89
98
307 a
*18
474
/Kalamazoo Stove & Furn——. .10
'
200
9%
*12174
8
*6%
*131/2-
1974
*18 74
18%,
474
*4
*9%
974
*121%
90
11%
*103
4 74
4 Va
*9
974
*7
*94
*94
=
■
*121%
—
*89
7%
*89
4%
4%
♦9
974
*12174
„
1874
19
*6%
9%
974
*9%
*121 Va
*121 Va
■>■
11% Jan
15
6
2
874 Mar 17
15'% Apr
15
18% May 29'
105
July 13
2
274 Jun
% May 25
8% Jan
7
1774 Apr
17
1174 Apr 24
18
Apr 29
20'% Jan
4
Mar
5
12
•
July
131
5
9
Jan
4
Dec
.32% Jan
50% May 15
122
1374 Nov
9
2
May
274 Jan'
May
3
May 19
4
374 Jun
9% Jan
-
18
5% Jan
Jan
''/
•
95
29
Apr
Jan
39
17
July
174 Dec
13
2
Jan;
57
170
23
30
Apr
11% Jan
.
125
#
48'%. Feb
Feb
32
Jan
f
'*■: 167'%
Apr
31
467% Jan
18% May 15
1
Dec
July 16
14
May
Dec
9
11
Jun
85
,
%
9
45% July
5
: Mar
8
Jun
>
Sep
Jan
7% July 13
,
2474 Apr 29
:
1507
Sep
27
113%
Dec
19
1
674 Jun
./■
.100
Co
9
25
7,7V Apr
Laughlin Steel—..—No par
pref series. A____.._—_—100
pref series B conv....—100
July
166
42'%
26
127
Manville.J
Jones &
8,100
4
6
88% Apr
"■
preferred______—106
_No par
4%%
Johns
Preferred
20%
577'a
•
128' I
20'%
6,700
Feb
52
2% Jan
2
'
—1
-No par
:
Jewel Tea Co Inc:
V
96 '/a
58'/a
Co.
Jarvis (W B)
7
May
24
l'/a Jan
:_L
preferred..;——
Dec
140
60 7i Jan
39
.No par /
;;
Corp.
Island Creek Coal_..„
6
5
24
96
100'
i.—
14
Apr 10
41
.
Foreign share ctfs
No par /
".Interstate Dept Stores——No par
Preferred
Apr
8% July
International Silver.
50
7% preferred—100'
Intern'! Telep & Teleg——No par
'
*
Jan
a.
Jap
7'%
7
3% Feb
&
151% Jan
Mar 16
May
26
100
700
*92%'
'
57
674
25%
•
28
110
25%
674
26
26
26
9
1% Mar 25
*
*6%
*24
1074 Jan
46% Jun
par
Jan
13%
,
July
.International Shoe—No pat1
7
'.;27:/:',:
107
1% Apr
,;
*129%
*129%
5%
3
-2474 Apr 29
1267V Jan
3
100
—
111% Feb
Apr
3% May 29
No pat
preferred———.
100
International
300
9
,
774
preferred
conv
Dec
38
Inter Rys of Cent Am—
Jan
9074 Jan
Feb
5 % May 25
—100
•
6
ft July 15
„
111%
161
Dec
19
/
{International, Paper- Co.i.-*—.--T51 •
/.% 100
3,000
...
Preferred'
:,// 200
274
9274
-*87%
9274
9
3274
100
1
8 Va
:
5
147
....No par
preferred.:——...
14
29% July
Dec
1274 Jan
-
Sep
7 63
27
40
100 /
154
4
6% Feb
109%
par
—
12
Jan
974 July
2074 May
85% Dec
Jan
57a May 20
.
,
Mining Corp
Iht Nickel of Canada—;.—No par
600
110/ i
No
InternatT
/
400
*274,'/ 2%
27
"
131 Va
131%
•
*8%
a
*8%
7%
*87 Va'
9274"
26
27%
274
274
*87%
8%
*26
*130
*130
8%
-
*96%
-•
274
*2%
2%
3274
3374
100
'
274
274,.
par
—No par
:
Machines———No pat-
474 Aug
21%
Dec
7
5% Apr 29
/
24
Aug
C 45% May
Feb
23% Jan
103
Hydro-Elec Sys class A.——25:
4%
V
100
*2774 " 27 Va
27 Va"
No
10'% Aug
/
Dec
5
18
193% Feb
Internet: Min & Chem.i.——J.5
*
200
4474
;
.—100
7lnt Mercantile Marine
44
4474
774
*87%
Int
::
*44' -
Dec
74% Feb
Apr
-
Dec
Dec
13%
8
■
7/ Preferred
:,
Jan
157
20
Harvester—
.Internat'l
100
24
83% May 20
5% Apr 21
—1 '•
Inc.
Rubber
Int .Business
1
3
Apr
54
„
Corp-_——_r_No par
Interlake Iron
'
1,400
ov
*42
9274
*7%'
9274
4974
r-No par
6%' preferred——
Intercont'l
8,200
-
Co_*
Interchemical
200
r,
10%
*>
2
r
May
July
•
/Insuranshares Ctfs
7,500
135
43%
27' '
'
*7%
*87%
•1,000
45
110:
274/
51 Va.
*174
2'
48,100
49%
1074
51
.
;
t
4474,
26%
50;
2
■
10
"2,800
974
-/
1074'
774
2674
*131'%
r
ia
300
700
274
274
203%
26%
V
.
4574
457a
274
-
10
1074
49%
•
2 ",
*44
42
26%
26%
51
*50
*1%
2
*1%.
42
93/4
10
9%.
"
Va
-.n,
Steel
24
74
153
—No par
———No par
—
100
.Inspiration Cons Copper
.
9,300
7"
6%
" -
135
135-
'
137
45
1; -*2%
26%.
2674
„
,
274
*2%
3
26%
2674
26%
133,
*131V4,
v-:
,
453%
274
3
*2%
7%
V
V Inland
2,100
700
Rayon
preferred—
Jan
2
25
2,000
'
7%
-774
774"
4574.
/
8
774'
7.74.
163%
16574
•
67,V
■«.
Feb
27
Jan
74
4'%
7
21
Sep
4%
11%
4
2T
2%' Jan
1000'
series A
ctfs
Refining-*—
Jan
Dec
31
28
/'
163
1
•:
Mar 25"
93% Feb
100
49 3%
49'/a
49%
; 3*./
■
7%
71/4
■
7%.
165 Va
169
*163%
164
4874
49%
49 Va
49%
164
166
♦163%
*162%, 170
4874
49%
48%
2
32% Jan
.
183%. Jan 27
42
37'a Jan
400
142
•
27
8
2
13
16% Feb
7%
674-
•
145
*141"
Jan
5% Jan
13 V May
-
2
674
774
/
6%
674
674
145
143
143
142
145
6%
6 Va
6 74
6%
*6%
*141
674
V
'
6%
*141
13
24
108
■
1% Apr
Jan
21%
J% Nov
2
2
63/a Jun
1,800
5%
108
4°/a Apr
1074 Apr
1,200
20
*106
,
2
—10
See
RR
6%
1074
5%
2%
3'/a Jan
%
35/a
.;/•
1% Dec
''//, 15% May
Indian
Ingersoll-Rand
20
6
Indianapolis P & L Co„_—No par
Industrial
66"
1074
574
12
Feb
400
500
20
Jan
800
'
400
20
20
*6%;
674,
63/a,
6%
*6%
*105
108
*105
20
10%
*5%
6Vs
*5%
6'/a
1074
10%
1074
1074
*5%'
*19%
20
4
21
J an
par
100
—100'
4%
lines
85.
65
66
67
67
66
Leased
156
*153
*153 1
V
2
_„t
;
preferred series A
24'%
24'%
*81
84
84
85
67%
0%
300
374
11 Va
6%
24 74'
*2374
2474
*84%
;
V
Jan
16% Apr 17
Central RR Co—-__-,_100
Illinois
.2.800
50
11 Va
J
.
fHupp Motor Car Corp.*
V 300
35
*3 74
v
.
774
*6%
*150
1074,
6%
*5%
*19%
108
,
84
65%
66
6%
*105
/:/■ 7
/ 24%
*150
20%
*57%
*20
24
24
2474
83
*150
*65
'774
*7
■;
374
11 Va
11%,
7
674
>"
*3474
,.
rHudson Motor Car_No
1,700
2
/ 2
1
:
& Dec
;
% Jan
100
J
Hud Bay Min & Sm
1,700
15
,1 *1474
35
*3 74
3%
1174
674
;
Manhattan
&
pteferred^i-,—*.-—.^-—4-100Ltd—J_No par
5%
,;
ii
„u
674
3474'
35 Va
*3474
34%
.
Hudson
1,300
4'
*374-
'
15
1474
Vr
,
113/8
■
24%
*24%
*150
15
374
197a
197'a
%
674
6%
63A
*1474
3%
11%
*6%
V'"
1474
l/2
♦2'74-
4
3%
IS
1174
3%
*11%
3%
%
674
6%
-
*274
;•
% 1934- 197'a
4'/»■
4
4
4
4
4
3%
3%
wr
*
ft
27
July
93% Jan
22'% July
23'/a Jan
9
19
8
X22'% Mar
24'
;
Feb
57% Sep
,
28 74. Aug
1
29% Jan
5'% Feb
7
14%
17%
9
19%
113
Jan
16
107%
Jan
26
174
Jan
1% Jan
20
'%
Feb
143% July 15
2'%
Feb
2674
Dec
4
Xl9
Sep
Aug
2774 July
Dec
Apr
Oct
116'% Jan
5'%
Aug
2'% July
>
1474
Sep
Dec
24%
Dec
'14% Nov
Sept
2174 Jan
9
13% July
,3
11%
8
18%
Dec
27'%
Sep
6
19'/a
Dec
4574
Jan
20
3%
Dec
7»/a
Jan
22
Jun
26% July
574 Jan
156
Voluriie
'Number 4091
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK
LOW
Saturday
Monday
July i
$
-
30
*62
*28'/».•
63 %
29
*62%
64
64
175
*168
19'/a
25 %
31%
31%
v
* 10 %
10%
i.
4*13%,
14
V 17 %
/
42
t
13%
63'%
19%
25%
*25:
;• •'
68%
,v;
63%
64
*24%
24%
,.31%.
31%
11
.*10%,
11
14
*13%
14
17% /■//
.17%
17%
17%
17%
42
<;d
41%
41%
.'41%
41%
v
24%
24%
31%
..J". .13%
v; 14
35%
».
■
35%:
*3 v»
-3%
17
■;
17
35V*
•
17%
17%
16%
17%
41%
.
3
;
35%
14%
:
na7
•
/
35
3 %
35%
;
35%.
35%
*17
:.
14%
■1
62%
.// *W,
17
17V
14%:
.
3%
41%
41%
42'%
t:'
35'%
14%
*14
•
14%
14%
t
"*3Vs
-*17.
35'A
140
14%
•
14%.
.14%
64
__lVo
Co—par
i
Lone, Star Cemept Corp_
i
Long Bell Lumber A
Loose-Wiles Biscuit
Lorillard (P)
400
3,900
..
140
t
150
14
No par
Louisville
&
Jan
32%
Nov
39
Jan
%
Dec
96%
Jan
Nov
98
Jun
189
Jan
17'A
Dec
21
Jun
20 3/4
Dec
30
174
23
23
Feb
4
Jan
21
x29
July 15
9
May
% Dec
13
Apr
x
n
11% May1
15% Jan
3
14% May 20
i24% Jan
42% Jun
6
19%
2
5
28
31% Jun .16
.
42% Jan
Jan
37:
Highest
f per share
64%
64
6
19 */4 Jun
32%
25% May 21
9% Jan
2
Jan
,
37%
165/8
,
Apr
28
35
4»A Jan
24
6
1%
133%
Jan
19
15'A Jan
29
12 %
Dec
19 3%
142%
Dec
128
Mar 30
>
149
Jan
30
11% Apr
9
18% Jan
8
58
Nashville_„^__^__,^.100
2
Jan
26
23% Jan
Jun
76%
Apr
Dec
15
33A
,
Dec
Hep
Jan
,162
Dec
60
,
Jan
Sep
393% Oot
45% July
18% Feb
Mar
15 =
;
Jan
3l'A
May
13
2% Mar .27
r25
^10
Jan
13 3% July
11% Apr .29
,
par^
«
1,200
175
22% Jun
,
<
Inc—par/.No
t.
16% Apr .14
j
7% preferred
100
Louisville Gas & El A_z___i_No par ;
400
65
pajj
Refining Cfl
900
Loew's
1,400
14 >'
-•■■
164'% Apr 16
*
64%
r
64
__ioo
4,900
t
15'%
139%
14%
64
6
1
(
18
14%
3
12
74'% Jan
No par,1
Liquid; Carbonic ;Corp_t;^.w-Nro par/
Lockheed Aircraft Corp
4,200
3%
v
*17
Jan
73 % Jan
Link Belt
'
15'%
139%
14%
63%
140
3%
-
■
139%
■-
14%
63
v
62%
3y4'
18
-
33
900
i;
35%:
.,35%
3%
18
17%
-
138%: 138%
62%
*14
17
14%
«'
;
138 % "138%
14%
62%
3%
*3%
17
.14%
140
*14
*
17
..
13
18
/ Lion Oil
'
Vi; 14%
1
i ■
Mar
\ per share
50'%-Apr 29
50% Apr
Lima Locomotive Wks_^_>_^_No par*
c
Year 1941
Lowest
$ pet share
I pet share
20.
Range for Previous
Lots
Highest
.25
600
:
10Q-,$hare
Preferred
1,000
v.
of
Bj
Series
300
C
(,
■
V
Par
■
r_5
Liggett & Myers Tobacco,, .—-25
100
...
IT
Basis
Lowest,
Lily Tulip Cup Qorp—
,30%
f
On
.
>
100
*10%
Range Since January 1
STOCK
Life pavers Corp
*20%, ,20%
,.
YORK
•
2,000
.
NEW
EXCHANGE
100
174
.,
31%
17%
42%
*63
22
13%
»■
y'
*168%
10%
14 ,i:-,
,.*13%
29
.V
'
.
:
Shares
*28%,
168
*18%
26
*30,%
10%
t per share
..,
64%
v
..
168
21
31
*10%
-
64
175
*19%
\
the Week
;,
30
63%
*63
63%
63%
*168
'
Sales for
July 17
Share,-
*28%
41 %'
17%
'
>
63%
63%
25%
r
t;/
10%
*13%
••
v
31
'
63%
$ per
28%
30%:
25%
31
*10%.
.
175
*18%
19%
*24%
•
*62%
*62%
*168
;
28%
..
Friday
July 16
$ per share
.
28%
*28%
64 %
175
.
*18%
-*243A
,,
i:
STOCKS
Thursday
July 15.
$ per share
RECORD
PRICES
Wednesday
„
July 14
.
63%
64
H68
v*18%
,
J per share
yer share
,*28'/8
Tuesday
July 13
SALE
HIGH
AND
223
Jan
22
Sep
Feb
Dec
.
74'% Nov
M
*17.
-
*
17%
120
126.
30 %
'
•
,*120:
1
ao%
*18%
:
i
%•'
-18%
.126
.
30%
f
*22%
23%
.*22%
*2%
2%
v
*12%
*
9% '
20%
23%
X30
30 y8
18%..
ri 18%
18%
'
MacAndrews
./■ 10
30
2,400
18'%
39 >
/:
21%
22%
169
*160%
39
38%
;
18%
900
">
39%
1%
V
82
V.
82
.*78%
r
10%
.; xiq5/b
10%
10%
*10%
*100
103
18%
*103
18%
7
103
33.
7%
33
11%
11%
11%
11%
11%
*104%
105'/a
*104%
105'%
■
5%
5%
*5%
104
*95%
*95%
*
V
6%
*6%
72
*68
66%
25%
57%
33%
*60
:
v
113%
';
*95%
38
1,500
{
1% >.
V,
64
25%
4%
5
25%
24%
•■
V
72
63 5% f:
68 /
*62
t
10%
r
U
.
,
25%
x25%
*5
5>A
103
a
$3
19
1,100
,
7.'A
*24
33% V
*5%
2,300
*26
*26%
27%
27
27
28
*27%
28
26%
27%
5%.
,■
5%
15%
5% :•
15%
*26V4
27
„21
.
18%"
>V*18
18%
*100
5%
5%
5%
15'%
15%
15%
27%
•15%
19 •-.-■■■
*18'%
5%
100
*67A
400
6%
-.
41%
105%
*108%
V.
.*104
*62
64
25%
25%
25 7%
1,300
*5'%
5 V4
600
*24'%
;
,
27%
*26'A
2%
:
V. 27
*5%
b 15%
16
18%.
*18'%
*101
o*60/'//64/':'
,.
109
2 Va
*60%
64
11%
* fit
:*2
%
41
18%
27
5%
11%
t
*%
*2%
%
'
.
2%
2%
15
•;
76%
*116%
123
76
:
>,
■:
109
.
1053/a
109
107%
64
•
"30%
*ioa
*14Y8
V
\
75%
'A
64
-
;
15
Melville
5%
Merch. &
Mesta
:f
Miami
200
f,
30
17.
17%
•
106%
*107
*37 /
38 ^
111%
"?%
2'A
60%
60%
*24
24%
V163A
.
*8
8'A
"11VA
(
*2%
14%;.14%'
,
743%
r
.
2%
2%
*55
*2%
*116'%
107%
30%
109
v
:
*37
15
:
13% July
,
76
par*:
7
1% Feb
19
13
2
'
4
'
Apr
6% Jan
28
/
..,18
/
100
1
Feb
Apr
53/4
Dec
5
101%
Apr
5
Dec
Jan
7'% Feb
15
110
123
<
/r 109
> 303%
38
,
j
70 %v Mar
82
July
3
54
71
Aug
2
27'A May
3% Feb
33%
Oct
6Vb
Dec
21% Feb
29'A
Sep
57% Mar 23
.
267% Mar 24
,
,
%$6,50 preferred,-!.——^_No
i%
"
-ri
<
9,200
series C
No
par
Montg Ward & Co Inc__.x—No %par
Morlell (J) & Co—-No par.
„•
23% Jan
1,4
~
1% J an
'V102%
;
37 /
Apr 28 Jan
86
.,
34
27
,
125
Dec
Nov
13
:
,
.
45%
112
1%, Dec
Mar
Jan
16
26
JA .Oct
2% Apr
7
:/:
9%. Feb
15
91
Jan
Jan
17% July
38% Jan
/
.105%. Dec
3/4 Jan
-
9%
Dec
67
2
37
Dec
Mar
Jan
Jan
Oct
May 13;
.
3% Jan
2
23% Apr '24
v
-
.
Dec
13
12
12% Feb 27 V
s-66
May .15:iiq% May 1;;
115, May. 1
'
109
Apr
.
303A Apr
17.,
42% Mar 26
Apr 28
Jan'
/
102% July 14
107
Feb
43%
~
9% July
,
Dec
24
5
ve
—No par
$4 preferred
14
Jan
.
.—No par.
•Preferred series B
16
7% Jan
,
14
16
/';■ 8%
10
-$4.5Q preferred—^
100
:
par,
—No par
preferred series A__,100
15
30% Jan
28
107,% May 19, 1% May 21
57% Jun 26.
x
1
Mohawk ^Carpet Mills.-x.^
—,20.
Monsanto Chemical Co—xlO
y !
^
<
.
.j
29% Jan
,
88 y4 Apr 30
2
35% Jan
'103% Jan 19.
No par
Jan
Jan
16'% May 18.
__,_100
Sep
109 'A
Feb
5
Apr - 17
12% Mar 12
par
Mp-Kan-Texas RR_,-_/_
38,
*37
v
;
30%
x__»—No
/ Mission Corp_______
1,400
,
Prod
Sep
Nov
8%
32
24
'•'>
110
72
,
22»A Jun
10
Dec
Sep
4
Mar 2'4
■
''77
2
Petroleum,,,
15%
103
Jan
V8 July
9'A Dec
14
108
4l% Jan
50
9
37%
30
Jun'15
63% July 15
1
25 Va
26%. Dec
7% Jan
&
Aug
109% Noy
Dec
1083% Jan
6
Jan
Dec
6
12% Mar 23
'
68
Feb
13%
Jan
14 % May
16
-
16
1
,6
.
103%
Apr
107
12%. Dec
28
34'A Jun
May 20
5% Jun
28
Dec
0
Sep
:2% Jan
Dec
8
8
2
94
—.,100
90
Jan
.
Sep
Aug
56%
Dec
28
3
93/4 Jan
176
Dec
T
Jan
Sep
31%
15% Dec
108'A Jan
0
19% July 15.
17
28
Jun
40%
,
28'%
Dec
171
6
12'A Jan
May
10% July 13
14
,
May 11
101
Mar
90'% Jan
•
Mar 31
14
1
Co
6
May 12
100.
,
2
Mar
.10
J8
3 '
Jun
9.
—r._l.
Minn Moline Power Impl—
600
M
117
*107
;
-
'
17-
16%./.
16%
8%
8%
*11%
.16 %
„
17.
•
16
.
%
I
16 3,4
-
Morris & Essex/:
1,070
600
Motor Products C0rp——
*11%
11%
"
*ii%
11%
f
100
Motor
24%
*23% i.; 2%
11%
8%
(,•
*24%
24 7%
/=;
500
8
8
"
ii%
24%
24%
■%;.'2%
2%
>
24
v
59%
•:*57
•/' *24%
,
,
24%/: ,,*24%.
•2%
2%
*14
14%:
14'A
14%
*58
59%
58
58
'5
5%
5
59%
*14'%
57
57
59
>14'%
143/4
*56%
.5 .'-7
5
:
X
33%
•
33 >
/
59-
143A.. i/*14%
*58
'
59
Wheel
5%
53%
5%
*32%
/
33%
*32%
32'A
200
;
*32'%
33%
100
Murray
V
,
4
52
;
Dec
1
July 11,
4% Jan
; 79% July
15'%
1
173A
12'A Dec
7.7
Feb
July
Aug
Aug
Jan
7
10
*112
Mar
118%
119
Mar
16
115
Mar
123
110 3/4 Jan
6
313% Jun
4
.
108%
Oct
33/8
Dec
117% Feb
94
Jun
113%
Sep
Sep
Aug
Get
24'A Dec
39%
Jan
15.
42% Mar 12
35 Va
Dec
43%
Jan
1
29% Mar 25
21 Va
Dec
30'%
Aug
5Va
Dec
12
Jan
17%
Jan
„
—
& Biq,
2
83% Apr
2
23
12'A Jan
30
20% Jun
1
,2% May 21
25s%. Jan
20
3% Jan
20
50
/
Jan
.9% Apr
63
/
A,1.
Co__>_„__._—
Corp of America,
Myers (F E)
6%
—5
.
,Jan;
•/ 11% Jan-
-
500
7,200
f
Brass
.16% May
'
.No par
Corp
Mullins Mfg Co class Bu-^X-i:
$7 pi'eferred_/.._,J_______f
..-No •par
_N0 par
Munsingwear Inc_—/_
Murphy Co (G C>_I.—_—. -No 'par
110
5? ' i
5%:
5%
Mueller
/
900
143/4
*14%
57%
; '
2%
/.'/ 5934
5'%
33
/
*2%
•;
57% : /■;
14%
'
57'A
59
*56%
5
"
*33
r;
•
■
:-50
8'%
8%
•
"
*32%: 34
Jan
46% Jan
Apr 29
L'A Jan
5
par
conv pfd series B,J______100.
4'A% preferred series C
100
1,100
*116%
30% /
,
.
100
At
74%
74
.
109
30%
38 4" / ;
'
117 i,
-
123
107%
*11'%
2%
*55
59%
3%, Dec
176
31
,1Q
.-4%
.
100
1,600
•
2 3%
,
//14%-
:
75'%
117
%: 30%
"
11%
24%
-
Apr 20
6
■'
17%
*8
'•'.
162
x20% Dec
27
Steel
'
-
24% May
8% cum 1st preferred,^
Minn-Honeywell Regu,,..
■
y
700
(
11%
;
2%
*2%
123
*37;
1:
50
'
11%
"r,
/•
1,000
>
r
*210
•%
*114'A
30%
38 '.
:.j:
10?
*108%
11%
.
753A
M *116%
42
105
2%'
116% fC
*114 'A
:/4i%
'
64
*60%
107%
"29%
30'/8
17-
'■
*7%
8%
*11%" 11%
21'%
Copper—5 ;/.:
Midland
Sep
Sep
6
6% Jan
20% Jun
Mid-Continent
101
Jan
32'A
26% Jan
-
Trans Co—No par :'•/ 21
Apr
Co^
24 % Apr
—M5,
2,600
Jan
6
Machine
1,100
5'A
11%
17%
6
1st preferred
53%
Dec
Dec
16
Corp
Min
Sep
1% May
Dec
27% Feb
' 1Q6
Dec
7% Aug
16%
3%
24% Jan
(The).-!:.—_ 1-
conv
4%
Deo
27%
11
29% Jan
-No par
Shoe
700
./ I
'
5
6
preferred
Mengel Co
.
"/V
14%
,75
123 /'''
*2'/a
.
23%
«14%
753/4
109
^
.
23%
2%
*116%
109
%
116%
*37
38
2'A
41
108
;
11%.
11%
%-.
ut-
*114
30 1
*37
*
'
41
.
,
2
*60%
.
4
11%
123:
106'%
30%
3% Jan
9 7% May 19
125% Jan.- 7
/
.____,_,,_100
Stores
conv
200
t
19
*18%
18%
•
-2»/8
115%
*116%
*106%
11%
«
14%
76
•
*114
117
%
2%
'*14%
15
*75%
*114
Jan
1
preferred.;rt^_No
.15%. "
"i
15%
;
101
^105
/■.
1053%
2%
*60%
•
!
;
11%
%
23% Jun | 4
preferred series A——-No par
-$5.50 pfd ser B w- w ;
x—No par.
130
27'A
27
,
5%
101,,
102
*40
■
105%
*108%
'
*11%
41
*104 i';
109
2%
'
31
4% Jan : 2 :
8% Apr 17 *
S6
100
24%
*26JA
27
'5%
15%
102%
40%
105%
*108%
109
2%
:
1% Jan
Mar
Mead Corp
■
10
'
*41
*104
•
Apr
May 12
preferred
McLellan
6%
65
16
53/4
yy
18%
102%
*101: 1037/8
40%
41%
104%
Dec
,:,V,V
27%
*
Feb
5 %
12%
No par,,
"
28
1%
15
26
20
McKesson & Robbins Inc.,
104
72
24%
30
6'A Jan
163% Jan
20
preferred,,,.__„_,»__No
5% %
31
19'A Dec
,1
preferred
353/4
'
^__,._No par
Melntyre Porcupine Mines
5
100
*68
,
4% Jan
Sep
Aug
July
par
McGraw Elec Cp_^____
McGraw-Hill Pub Co
300
:
,
5'A
24%.
27% Jan 28
.
Jan
14%
par
.
,,
■
'
*237%"
4
Jan
Feb
No
Wks__
Stores Corp
McCrory Stores Corp,.;—
6% conv preferred—
'
;■>:
11
May.-2-
5
'/ McCall
500
•
■
22
138
293%
223% May
Co___
Alkali
$6 1st.cum
700
,S
68
.
13%Jan
/
%
par
May Department Stores^
:
11%
.
29
31%
Dec
Apr
Dec
No
Maytag Co,,,
105'%
/
17
23% May 22
Corp___,_,A__No
T*
100;
82
•;
*95%
6%
6%,
'.
.
63%
V. ■;
25%
'
.
25 7%
:
.
5 : ■■■;:
5'%
24 ',
24 '
24 y4
24'A
63%
*68
■
5
■
11'%
104
23%
17'A May 20
3% May 15
/•
100
14%
* 6 3/4
-
7%
39
,
Elec
X32
2
21% Jan
'
30
May
19
27
117% May 18 '
% Mar 27
/
-i-l'
Corp
Mathieson
169
*1043%
105% &
*5%
5% ' -
5%
Master
100
"32'%
*104%
104
Masonite
1,300
i Xl8%
..
vMaftin-Parry
700
21%
*79
;
33%
11 %
Co_________„_,
Midland Corp,.
-,__„1:_5
Market St Ry 6"% pr preferred—lOOMarshall Field $. Co-,______No par
Martin (Glenn L), Co,
x__,
^_1
300
4
26%
.
21 y4
*100
*32'%
.
i,
.1 4
■
v,.10s%
19'%
7%
11% v::
-03%
72
*62
66%
4%
6%
*68
•
25%
25%
*6%
6%
72
„
'
*4%
*23%
3,100
-,.11
56%
105'%
*5%
'
103
19%
-7%.
*95%
104
20'A
: *i3%
*13%
A,
y
82
*100
20,
Marine
"
*6%
*62
1%
(14
*79
n
19%
*1043/4
v
39%
*1%
Xl4
103;
11%
105%
t
;
10%
11%
5%:
39%
r
11
*32%
:
}
1,900
*160%
*10%
19%
1,390
21
169
,
*6%
3,000
9%
21%
,
*10%
.
2%
.8%
26%
:
21
*160%
.,10.
Maracaibo Oil Exploration,,
19%
'
22
20%
11
*104%
*68
Sugar
par.
12
Jan
353% Jan
131
27
17% Apr
10% Apr
Mandet Bros___/_,/__/i_/__No
l'A
-
*'3%
82
;
10% ::
19%'
,*32%
*21
par
1
Apr
28'A. Apr 17,
;
Manhattan Shirt
2%
26%
*76%
10%
100
...
9%
.4
'
-1%
*100?-
19%
>
7%
32%
•
*37%,
39%
*10%
t :
—No
124
par
Copper./.,,.
Manati
87%
^
20%.,.
.
14'%
■v
*6%
19
*6%
33%
*100
.•
*1
9%
*14'/a
<
5%
13%
r.__.
15% Apr
.100
"
91^.
*1:%
10%
11
*5'%
*12%
2%
.
26%
169
39
14%
50..
21%
*160%
*1%
10%
104
800
-
22
20%
2%,
-.ft'%
•3%
*21
"*•"
a,
l'A
..
-.ufl%
-
26%
21%
*14%
*78%:
20%.
;.\-3%
169
*1
..
87/B
9%
20.%
,
13%
3%
&»/*
26%
4 /
1%
11
*5%
Magma
2%
.,10
—-N 0
-
Garden>.„_'_^. ,i_No
Madison, Sq
23
%
*2%
5.% i
..
9%
'
t. i
20%
14%
10%
1%
2%
:•
9% -f,;v ■i:
*1%
82
*95%
,,*22
2%
& ;Forbe^_,__
preferred__.w____.
Q%
,
Mack Trucks Inc__,„
Macy (R H) Co Inc
11
*11%
.
23%;
..*12%
13%
*1
:;*14%
*10%
*33
{
.:.*5''
5 %•-.
5 %
"12%
.
26%
26'A
*20 J. 22%
*10%
7
2%
>
,
8% "
*3%.
1'
18%
:.*22%
2%
2%
;
19%
22
*21%
1%
2%
*8
;
*101%
23%
1%
*9%
3%
*20%
14%
V *78%
'
200
126
*29%
11
*10%.
2%
'
2%
5%
*1
,26%
*162
38%
1%
11
*22%
v
13%
20%
*26
22%
*13%
,
*5%
U,.
8
3%
K,
169
*38%
•
*125
126*
31%...
*10%
*12%
r,
9%
i- 20 /:,
22%
-
,
*2%
2%
1
8
5 49%
26%
*21%
//
1%
2%
>
:.3%
*162
X
126
126
*16 %.■':• 17.%
18%
11
.
13%
*1
20%
.
*26%
*
17%
*16%
31%
18%
*23
•
5%
*12%
'
9%
3%
'
a *5%
t
.
*21
*120 V
: •
31%
*18%
=
•17%,.
'
-
1 %
*2% /• 2%
*8 <7 >8%
■v
11 *
*10%
13%
*1
'{"■
.*16%
*10%
/'■
23%
.2%
"5V2
i-*5
:126
31
;
18%
11
2%
■
*120
16%
■
*10%
.J
16%
r
f
30%
-
18%
..
:
49
.,10
May
2
6
—No par
74
Feb
-9% May
61%
Dec
4% July
15%
July
Nov
2
Apr
74%
5% Jan
20
4
Dec
8'A
Jan
395% Feb
2
3Q'%Jun
,
-
24%
46
4
14% July 13
693A Jan
6
7
4% Jan
Feb
9% Dec
18% May
1% Dec
7
3^
Dec
51'%
Jan
•
Sep
N
"
/
2%
/ 23/4
-5%
...
*19%
*
v
2%
•
.
15%
15%
*2%
*2%
3
3
4'% •'
7
*13%.
15
*4%
/
163/s'
•
i
14
••r
8%
14
47/a
,
"
8%
8'%
14
*7
53/8
7%
r
*4
.//:.;
7 Va
7
7%
*15%
""
7'
"
7'A
-
23
9%
.
14
4%
:
■: 16'/a
;
14
*77/a
23%
//""
8 Va
5%
/;,
15%
:
:
15%
7
•
7
*7
/ • / 7 Va'
>
,
20
•
ri
200
v
•
National
15 Va
*1583/a
13%
159
164'%
14%
*13%
"""*43/4
8'/a
5
700
*•
500
*
%
4,800
8Va
077/8
4%
■•■■v;
7%
..
7%
-
V
143/4
14%
14%
5'A
"'"*5%
200
.;
*15%
r*15
>16%
*4%
*68
43%
:.
13%
I33/4
'A
9'%
*9%
5'A
9%
x22'A
22%
16'A
:
161
♦130-
15%
33%
33%
1%
l5/a
*48%
49
4%
*15
*15.%
*4%
14 ;■
'
*9'A
•
147/a
143/414%
53/8
*9%
5%
*5Va
9%
"22%
,'9%"
23%"
23
23'A
•
•
*9%
6%
c
•;
.4
'
500
.
15'A
48%
49'A
15%
*133/4:
"'15%
.
—
*313/4
1%
1%
49%
49
/'
49
>4%
11%
*11
53%
55
*53
58
*56%
57%
*4%
4%
11%
11'A
53
/
53'A
53%
57%
57'%
*56%
.
V43'a
:
v
V
13%
*158
135
*128
15%
43/a
68
68
14
1
"
=135
r
15%
33
'
1
100
/ 49
-
.
:
,
%
56%
54
54
*57%
60%
59
59
2,600
'
1
700
—
preferred
:;.
8% May
1
1
/
& Lt_/_
—10
5%%
.
Corp
15 /
;
.16'A Jan
168
'Jan
Jan
-
May 14
9% Jun 10
,
17% Mar 1,7
20
5
,5
6'AJan 28
16% Feb
57%
*3
3'/a
*7%
75%
73/b
7%
*7%
73A
*7'/a
7%
7'/a
7'/a
7%
7'/a
For
footnotes
*3
see
3'/a
page
227.
3
3 '/a
,
6 ^
prior preferred—J
3'/a
" 3 '/a
3'A
7%
*7%
7%
*7%
73/4
200
Natomas
7%
*7
7'/a
*7
7%
200
Nehl Corp—
3
3
734
*7
30
,
63
Feb
6
51
.
3%
1,500
National Tea Co
Co
—100
.
.70
Feb
5
No par
No par
-No par
.
May 19
2% Mar 30
6% Apr 28
7
53/4 Mar
.'
:
,
25
45% May 22
"
*56'%
23%
Jan
Dec
7%
Jan
9
Jan
Dec
'
Dec
11
Sep
Dec
18%
Jan
May
12% Dec
3% Dec
10
175'% Jan
17'/a
Dec
.Jun
j.
Dec
Feb
Apr
.
3% Jun
6
9Va Feb
7'A Jun
6
4
■;
.
11
16%
;8
Jan
Sep
Sep
10% Sep
Dec
25 'A
Sep
20%
.
Sep
Dec
/„;./ 8% Jan
Dec
-r/ 93% Jan
12'A Dec
14'/*
26
2%
42
4
8%
41
43
Jan
93A Apr
14% July
/
Dec
,
29;:■) 160% Dec
7
138
Nov
35
Jan
3'AJan
53% Feb
.
.4
3,2
Sep
Dec
;
„
8
Dec
5% July
23%
x
6
,
28
l'A Apr 16.
433/4 May,28
;
;
,
9 '/a Jan 17"
77A
14%'Jan
7. 12%
./SYaJun
1 ;
3%
/ 9Va Jan 24 ;:
7%i
23% July 1317,
16'A Apr
1
11
/ 4% Jan
3 v.r/ 3%
72
Mar .5
58%
2
29% Apr
Feb
,
19%
'
Dec
133/4
25A
5'A
63/4
13%
1607A
,6
5V2 Jan 26
146
;
Mar 17
13% July
—4
i,100,
11% Apr ^5
May 6
145J
/———,25
prior preferred,
14'A Mar 17
3% Apr 28/
Jan. 2
129
-'-No par
National Supply (The) Pa——10
$2 conv preferred
40.
)
60
No par
Oil Products Co—
Power
National Steel
.
17% Apr 24
__100
National
May 13
123/4 Apr 30,:
ft.-
lOOi
G% preferred 5
National
.
400
1
"7%
Nat Mall & St'* Cast CoJ
1,800
14
16% July
', 7
3
19
2
4% Jan
.$4.50 conv preferred—_No par
National Lead Co
>
2,000
4%
11
.
Jan
14%, -Jan
11
166% Jan
1
®1% 'Dec
5
73A Jun
-
5 /
May
;
>
<
9
8'AJan
16
Jan
5
May
/
j-10
1,500
200
11
preferred-.
;
1.300
/ 4Va
Nq pap
-
*
481/4
.
,
Products',,—_No par'
1
*
11 %:
•
6%
11
5
Jan
4»A Jun
:
12'A Apr;23 /
Corpx_:_^,^_i____^10./ //33/4 Jan, 2 ;"t
20
1% /
13/4
Can
1,700
*31 'A.',. 33
13/4
4%
1
,140
4J_.N0 pa#
Nat Pnam & Stamping—_No par
Natiqn,al Gypsupi Co,/—Ji:
,1,
18
6'AMayl6 ;
131
Nat Distillers Prod>
24%'Feb
Apr 24
53/a Jan
/:
100
Rational Dept Stores—
30O
*
<v y:
>
170
•
15
49 '/a
4%
4%
43/4
11'A
14
-
^,10
Corp__2__,_„_5,
preferred-,—
Nat Dairy
,
4,400
-
15,'A V. 15 %
4%"
70
"
33
1%
/
*128'/a
*11
54'A
4%
11%
'55
*52%
15%"
'
15%
*31%
49'A
4%
•
*
■
"/
T6orA 160 %
161
135
1%
49%
;
*68
14
*158
\*130
j
33
1.%
11 Va
:
U'/a
Aviation
3
.
3 Va July 14.
55/a Apr
2
*
,
2
Nat Pond & Share Corp,—No par
400
-
[i
Nat Cash Register,
_,____No par
National Cylinder Gas Co___—^—1
*
8,100
•
,7%
National
3,200
-
r- -
^,,1
preferred
conv
National
(,
600
f,/A-
9% :
l23
A
22%
15%
4'A
.4%
70
14
14
15
16
4%
*69
:
160%
*31%
1%
,'*15%
"
•
'•;//
135
15'A
1%
/
j
4%
♦158
"
31%/ 31%
'
16
70.
-*130
160'%
" 135
:
*69 r
13%
*158
135
/
70~
;:i3%
'155
'130
;
15%.
V
43%
4%
*68'/<
>693A
Co—/—
33/8 Jan
18% May 27 :
13'A May 26
National Biscuit Co____—i_—^,10;
,
400
v
,//vl6%,/;,16%-:
"
r-
;
16Q3/4
4%:
-
16%
163/4
.
*13,.%4l4%::i.l;V
V
•
"
/
16%
,8Va
15%
'
■i
Acme
.1% Jan. 6
Nat Automotive Fibres-Inc—__^__1
/'
7%
Nabco Liquidating Co
'—No .pan
N^sh-Kefvinator Corp
5
Nash. Chatt & St.- Louis——100;
,
700
4%.:!/'
7 Va
'
'
4%
7%
3,900
13,800
■/
"
235/a
-
r
-
5%
15% "15%
; '43/4
16%
;•
14%
5%
5%
13%
'4%
-
4%
16% ;
14 3%
.
14%
*9%
.23%
:
■
3
"
'
*9%
:19 %
4%
*7
7%.:
15%'
163 T*
191/2
/ .:
15%,
*4
-4'A
.
J
5%
'*19.% '* 193/4
15%:/ /x 15%
♦158'A 163 '/a
*158%
8 Va
V4
••
5%,
15%
,
f'/'/
*5Va
--14%
:
15%
4%,
47/a
I6V4" 16%
'
*5
15 'A
>
v
"
163/8
14 3A
15%
*4%
53/8
20 '
15%
/
15%
5
-5%
•H'1 *19%
*7'A
,
165
•;.•
«
5%
19%
4 Va
7.-.'=
7%
15'%
♦158 '/f 163 Va
7%
5%
-
v
*23A
"•
15%
41%
15%
*158%
•
3'/a
// 19%
19'%
7'%
-
*7
<:*19%
153/4
15 %
*6%..
;
V'".V5%.5fe/;V:
5%
19 %
1
*4
•
„
•
3
:
•
'
/'/,
3
Dec
Feb
Dec
Dec
Dec
'Feb
Feb
Feb
2
Dec
8% Dec
6'A Dec
19%.
Sep
,176
Jan
154
Jan
24
\36
7%
%■
68%
.(
7%
16%
,
Ju.„
Dec
Mar
Jan
July
Nov
68 Sep
75'A Sep
5
Feb
11 Va Oct
9% Apr
NEW YORK STOCK
Tuesday
Monday
July 11
July IS
$
$ per share
$ per
share
per
;
share
15%
*14ft
15ft
*14 ft
15ft
*14ft
15ft
*14%
74
*71%
74
*73
73%
37
*33
37
*33
34 ft
*107%
109 ft
36
*32
*108
109ft
*108 ft
109 ft
*108 ft
109 ft
»108 ft
109 ft
"108ft
109ft
25 ft
*25%
25%
25%
25%
*25%
26 ft
25 ft
25 ft
900
8%
8ft
8ft
800
19%
1,400
19%
19 ft
19 ft
*19 ft
20
*98 ft
99 ft
*97 %
99
*97 y4
*26%
27 ft
26 ft
26 ft
8%
8%
9
14
8%
14
*13
13 ft
*13
13
8%
19,800
New York Central-————No par
13ft.
12%
12%
300
40ft
40 ft
40%
13
13
40%
41ft
13ft
4%
13ft
*11
13%
*11 ft
13%
*12
*66
*66
70
*66
*66
70
*66
70
4ft
:
85
*26
*82 ft
85
*82%
85
*82y4
85
*82 ft
85
*82%
33
*26
33
*26
33
*26
32
*26
»&
22% '22%
*19 ft
*19
19%
163
160
*160
164
*109 ft
110 ft
109 ft: 109 ft
*109 ft
7ft
46%
*44 ft
111
45 ft
47
*46
46
46
*44%
45 ft
45 ft"
45 ft
•
11
lift
11'/a
'
89ft
*88
"•
5%
5%
106 ft
*104 y*
106 y4
'*10
:10%
10
5ft
*104%
106%
5%
*104 ft
5% *
6
lft
*1%
"
*
9/ :
8 %,
10%
*33 ft
,
lift
11
300
*88
89 y4
:
5ft
107%
*105%
lift
*10%
11
-
1%
9
;
30
i
i
;
May 26
54
Jan
115
Feb
Dec
60
Jan
ft
Jan
1%
Feb
Oct
%
Jan
35
Sep
32ft
Jan
27
Jun
3
7
192
Jan
14
108.
Mar; 10
115
Jan
16
10% Jan
5
39 >
_50
;
Jan
Jan
Jan
27
:x 50'/a
Deo
57%
Jan
Jan
6
10ft
Dec
17%
Jan
:Jan
31
Jan
27
108 ft Jan
19
96
50:
—2.50
1
7
2
-
,
03
2 % Apr
0
Jan ,20
V 20:
Feb ,18
28 'Jun
;10% Jan
40% Nov
Jan
:
ft
0
Deo
<
21
:
2ft
Jan
27 ft July
Deo
:
7ft
Nov
Oct
*14
i
!
17
8% Apr 28
•
:
113%
Dec
7ft Jun
34
2
1
Sep
8% Aug
Dec
107
Mar
38 .«
98
July
3%
11% Jan 28
Apr :14
31ft Apr 27,
}.
Oct
17%
14
Apr >
119ft
58%
53
8
Feb
109
Jan
Dec
Apr 29
100
215
Apr
85 ft Apr : 14
.4% Jan
2
.
Dec
9ft
9% May 21
_1
Dec
50 ft
25 i
Apr
19'
179ft
:
Oct
52% Jan 26
6ft Mar,31
39 '
i,
Dec
'.I-,
23% Jan
Mar 26
>,
Aug
23 ft
2
30% Jan
15ft Apr .29
100
>_10
ft
143
:
—50
1.50:
—_
Jun
26
Jan
19
Oct
Jan
A
18
112
%- Mar 11
—5
ftvy —y r' -.'.Preferred
—
k"
Norwich Pharmacal Co— i.
9
*8%
20
•;.%
Feb
14
Northwest Air Lines—v——No par
Northwestern Telegraph—
—^.50
Norwalk Tire & Rubber—:
_No par
<
200
;/
1%
*27
9
*8%
9
•8 ft
28
*27
28--
*25
28
*8%
*
34 ft
*1%
>
1%
*1%
y
*33
34 ft
*32%.
35 ft
T 1,000
•
May 20
109
ft
8ep
18 ;
42 ft
6
Ve Jan
;—
100
Nor States Pow $5 pfd__No par
i
Jan
8
Apr
106ft Dec
5
Feb
_100
Northern Pacific Ry_,
107
*10%
,i.
4,300
v_,
Aug
24%
2ft Jan 27
100
•
47 %
Dec
110
15ft Feb
110
100
North American Aviation
Northern Central Ry Co
;
Feb
8%
8
2
preferred—
6% preferred series.;
5ft ft preferred series—
18ft Aug
4% May
3
__1
.■
3,000
.
—•■
5%
5%
■..v
300
•
11%
89 ft
-•-■
2,700
y
.
Jan
Dec
"...
Jan
Adjust 4% preferred
North America Co;
—
10
;,y
■
45ft
*45%
45%
••
7%
47
5%
11
\*lft;
lft
1%
*27 y4
30
*26
9
•1
—
7%
46 ft
*105%
*105%' 106%
32 ft
32 ft
-
lft
*1%
;
30
*8%
.
11%
-4.
5%
5%
:
.,*88
89'-
"
10 ft
*10
'
'
*25 ft
'
-
*i09y2
7%
47
r
■
f,
36 *
*32
36
*32
10
-
*88
89
*
-
*45
-
lift
lift
lift
11%
lift
T
*88
89ft
*88
45 ft
45 ft
"
;
—
-
6
% Jan
Norfolk & Western Ry__—
V;
600
15%
23
'•/".."■j,
N Y Shipbldg Corp part stk
Noblitt-Sparks Indus Inc—
1,100
■*
100
IN Y Ontario & Western—
•
7ft
*46
47
*46
-
22 y4
161
161
12
Jan
31
preferred
non-cum
Conv
i—
•
15% Jan
—50
5,600
%
*19-19%
19%
164 ft
*109%
"
7%
7%
2%
50
IN Y N H & Hartford-
:
12,600
2%
22
23
*159-
161
7%
*46 ft
*
161
111
7ft
161ft
7%
7%
7%
22 y4
.
51
80
10ft
%
2
2
j, 12 ft Apr 15
61
May 22
No par
RR Co_
Jan
Dec
25
6
Feb
45
10ft
6
Jun
May 25
Jan
July
Dec
7
10% Jan
N Y Lack & West Ry Co__-.___.100
—
*3*2
1
ft
*i9y4
-
19%
ft
*109%
*159
*
23 ft
23
23
23
*19 ft
19%
S
O
ft
■•;■■■
2ft
2'A
2%
N Y & Harlem
•
ft
"
5
a
ft
32
23
22%
19%
*19%
2%
*
ft
*3^
ft
•
11
iff
2%
2
1%
2
%
i0«
ft
*ft
5ft preferred-
_
32
17% Feb
4
New
—y
85
*26 ft
11
36
NYC Omnibus Corp
100
.»
lift Jun
■
24
York Dock——No par
700
H
4ft
*4%
4ft
*4'/a
6% Jun
100
27ft
116
26
106% Mar
32% Feb
5
10
Jan 27
6ft preferred series A——100
No par
1,900
70
13 ft
*13
33
.*82 ft
v
13.%
70
72
*66
Dec
8%
*4
*12
19 ft
8%
13
13 ft
Aug
26%
41
12 ft
Jan
28
11%
9
12%
*
31ft
Apr
2
41%
14
Apr
5%
25 ft Jan
12%
*12
22%
12
109 ft Jah
4iya
Jan
16
11% Jan
3
N Y Chic & St. Louis Co—
110
30 ft Feb
30
*12%
Dec
Jan
Nov
17
17% Jun
8%
July
7% Apr
22 ft Apr
10
1
23% May 21
,,
17
79 ft
45 Va
Dec
105
98ft July
13 ya
ft
30
New York Air Brake——No par
•>
13ft
4ft
Jan
N'port News Ship & Dr Dock
1
$5 conv preferred-.
No par
40%
4%
109
600
—
13 Va
*4 ft
Mar 10
98
40ft.
4%
14
26ft
'
Deo
69 ft July
Jan
*25%
19
$ per share
31ft
2
Mar
35
*97%
14
ft
*4
10ft
27
75
Apr 27
104
100
Newport Industries
14 ft Feb
5
28
19%
42
41
*13 ft
preferred series A—
Newmont Mining Corp..,
Jan
70 ft May 26
98 ft
26
27 ft
8ft
8%
8ft
11
1
.—No par
Highest
$ per share
$ per share
$ per share
serial preferred—100
(J J)_
Lowest
Highest
19%
98 ft
*26 y4
26
X26
conv
Year 1941
100-Share Lots
of
*97 y4
20
19%
99 ft
8%
8%
*8%
8ft
8ft
8%
*19%
*13 ft
5%
:
ft
*93 ft
8%
4%%
Newberry Co
*8%
8%
*8%
Neisner Bros Inc__
37
25'/a
26
*25 ft
*33
Basis
Lowest
Par
60
per
Range for Previous
Range Since January 1
On
STOCK
YORK
EXCHANGE
'v—
73 ft
37
*33 ft
1
15%
72ft
73%
*32
>.
-
Shares
*14%
15 ft
74
*73
*73
*73
NEW
the Week
share
$
$ per share
*14 ft
Sales
July 17
July 16
share
per
for
Friday
Thursday
July 15
July 14
RECORD
STOCKS
PRICES
Wednesday
HIGH SALE
LOW AND
Saturday
Monday, July 20, 1942
FINANCIAL CHRONICLE
THE COMMERCIAL 8c
: 13ft
Dec
Feb
O
'
8
*23
23%
4%
4ft
■
•;
24%
>70
V
73
j.
3
136ft
22%
*21 y
22 Va
: '22%
22 %
*44%
48
*44%
48
45
46 y
51
50
*136%
140
136 ft
50 ft
*7%
50%'
50%
•;>7%"
5
*15
*19%
:
15ft
16 y2
SS
88%
88 Ve
*140%
271,;;
16%
16%
1%
*140%
143
2
2
16%
P..
27%
580
••
4
.1,700
•
;
:
16%
2
2
6%
*6%
l:
.
y
—-
2ft
2%
2ft
2ft
2ft
2%
17%
17%
18%
17%
18%
17%
18ft
*6%
7%
6ft
6%
*6%
7%
*6%
1%
1%
1%
*lft
1%
29%
15%
15%
15%
15%
114%
113%
113ft
112%
15%
*112
23 ft
24%
X23ft
*14
*
*ft
18 ft
18%
18%
19
55
*52
*52%
55
53%
53% :/•
68%
68%
69
*1%
2
68 %
69%
68%
*1%
*102%
105
20%
21
V.
64%
35%
13%
20%
*17%
22%
*4%
*20%"
21
*19%
25%
■25
25%
35
*35
36
*
64 ft '.
9%
65
65
63
8ft
~
.
*105%
106%
106
106
!
63
%
.'*8%
xloOft
;
100ft
*105%
106 %
7%
;■
39%
39%
39%
i
*2%
2ft
*2%
60
*17%
60
60
*56
18
60
18
18
*17%
*4%
4ft
*4%
*7%
8%
*8
»149
465%
4%
'
51 ft
4%
4ft
*4%
51%
39 ft
2ft
•
18
I *3%
4%
*4%
*7 ft
8%
*
63
8%
*58
*8
149 %
'■ 4
%
63
8%
465%
4%
*4%
5
*4%
*48
4%
5
53
4%
4%
*48
<4%
'4%
52
23%
23
*23
23%
23%
24
*60%
61%
*60%
61ft
*59%
61ft
61
61ft
*7%
8%
7 ft
7ft
*7%
7ft
*7%
1%
*1%
lft
*1%
1%
*1%
11%
11%
4%
12
12
For
footnotes
ll7/a
see
12
page
227,
12
*57%
*7 ft
33
4ft
63
8%
8 %
1%
12 ft
*4%
*4%
*48
24
*61
*7%
1%
12
1,600
>102'%
*105 ft 105%
800
•
*7
*70
7%
ryy
- \
,
'*56
60
.
3%
'
*57%
8
3,900
200
600
•
800
•
4%
4%
*4%
*4%
*48
63
4%
100
;
500
■
1,100
4%
24%
24%
61%
62
8
*7%
a
24%
62
;
,
1%
1%
12 */4
12%
560
100
500
1%
12%
20
70
' '
8V4
,
Jan
Jan
7
Apr
163
Aug
2ft Jan
No par
Airways Corp——5
11% Apr
Car
&
-
7.
—5
1
Transp
Inc
Pictures
19%
Dec
9
7%
Jan
10
Jan
1% Jan
27
%
Feb
28
30
Mar
6
100
24
100% Apr
July
—No par
Feb
16%
Dec
Feb
115%
Dec
2ft Jan
14
29
7
24%
17% Mar
2
14%
17
-10
—
..100
——50
_5
ilOO
Pittsburgh Coal of Pa__--_——ilOO
6%
1,500
5%%
1st ser conv pr
Pittsburgh & West Va
Pittston Co (The)
Plymouth Oil Co
pfd
:
100
—No par
5
Sep
5
73
89%
2ft Feb
5
2
i.
Dec
lft
Jan
Sep
3ft Aug
Deo
I
Jan 21
2
Dec
3%
Jan
34% Apr
62% July
19
11%
Dec
17% Aug
4
108% Feb
27
108 ft
Dec
112% Mar
44
30:
May
2 f
24'/a Jan 30
17%
Dec
25% Apr
2
23ft Jan
6
20
Dec
25
Aug
46% Jan
5
36ft Jan
54
Sep
3
1 ft Jan
5
%
Dec
6
23% July
9
18%
Dec
4ft
Dec
Apr 20
.
7% Jan
26
Jun
51ft Feb
24
27% Jan
Jan
5
4
5
x
,
Mar
,
9
6
!■: e
'
14
23%
Dec
35%
Dec
47% July
69
Dec
91
Jun
76ft Jan 30 1
10 ft Jan
3
6% May
65
16
May
43
May
15% Jan
3
-
»
•'
27
i'4ft May
9
Aug
17
51% May
77
July
2
35ft Feb
46%
2'A Feb
.
Apr
4
Mav
17
20
Jun
2
27
x
Dec
38%
Feb
6
:
5;
Jan
21
14
68
2%
4%
15
"
_
6%
Jan
Jan
Dec
8ft Jan
84
Jan
Dec
15
Jan
Feb
19
163
Aug
166
' Feb
25
174
; Mar
181
5% Jan
14
6% Jan
5
Jan
6
45% Feb
65
Jan
33% Jan
3
24%
Dec
43%
Jan
Oct
75%
61
<3ft
4
Feb
14
51
10 %; Jan
26
20
11 Ve Jun
24
14% Jan
28
•
'
6
lft Jan
26
Jan
7ft
175
22
Jun
23%
46 %
165
-
Jan
1
July
Dec
64
6% Jun 25
58
Dec
3% July
52
Dec
Dec
27
6% Jan
r
'Dec
13
0
4% Feb
36ft Feb
9% Jan
7% Apr 29
165
Feb 19
<1%
13
July 10
18% Feb
3-
47% Apr 28
Sep
Dec
Jan
60
May 25
4
89%
110%
Jan
.
«
Jan
Dec
Mar
9
2
May 23
12%
72
105
-
78
*
26% Apr 24 1
.4% July. 2
58
Jun 27*
165
Jan
July
41ft Jan
6
Apr' 27
lft Feb <25
0
8% May
7
Jan
75
107% Mar 23
106 y July 10*
12"
30
35%
'
May 20.
08
<
-
Jan
14
4
»
Apr
7%
-
40% Jan
103
•"
Oct
7%
Dec
4ft Dec
32% Jan
7% Jun
4
May
27%
1
Apr 27,
55% Apr -24
.
5%
38,
,
22% May 21
28 Va Apr'
49
-
-
11% May
60% July
Jan
13
Jan
Dec
21
7
5;
Apr 28;
■
2% Aug
30% July
Dec
17.,
29% Jan 24
19% Jun
-
41
7
Apr 28
18% May 25
1
-100
:100
54%
80% Jan 1
1
% Jan
—
preferred
:
—100
Pitts Screw & Bolt—-—No par
Pittsburgh Steel Co
—No par
.7% preferred class B
100
5% preferred class A—
:100
43% Mar
15
15% Mar
preferred-—_——100
Coke & Iron Corp——No par
conv preferred———-No par
Pittsburgh Forgings Co
Pitts Ft Way & Chic Ry Co
9
21
36
-25
Plllsbury Flour Mills
Dec
16% July
series.!—-100
—__5
Jan
14%
Jan
4
1
1
Dec
Apr
55 % Jan
36
—
20%
%
9
13% Feb
—100
_———-
Dec
Jan
18% Jan
1
—No par
30%
Jun
100
preferred—— .——100.
—No par
Phillips,Petroleum-—_
Jan
Dec
May 15
104
■
_100
»7%
Oct
2
Dec
11
prior preferred————100
preferred—
100
Phillips Jones Corp—.
18
32
pref ser A
No par
G1 Sand Corp——_—No par
preferred
Jan
6%
20% Jan
14
1% Jan
1
July 13
2
Apr
106
14ft Apr
29 % Jan
1% Apr
par
05%
116ft July 16
8
56% May
No par
Jan
May
10
2
13% Jan.
37%
Dec
99
2
19% Apr
44
19%
9
1% July
27
Jan
Jan
1 Ve Jan
.-10
8
15% July 15
23
May
15
;
—1
No par
Co__
Apr
8% Jan
lift Apr
100
_1
18% Jun
2
20% Apr
10
Jan
23
Jan
90
100
—1
Inc—
6
May 11
.
1
No par
Inc—
Ford—— ^
Preferred
147%
4%
7 %
52
126
0ft Aug
3% Jan
Tilford
&
4%%
'
$5
8
Dec
Dec
.*
Pitts
r
*165%
52
5%
1
32
95
Dec
—No par
Petroleum Corp of America—
_5
Pfeiffer Brewing Co—•——No par
Phelphs-Dodge Corp——^—^_25
Philadelphia Co
preferred
50
$6 preferred
No par.
Philco
Corp
——————3
Philip Morris & Co Ltd--—
-10 J:
Preferred 4%%.series——100
"20
'
*3%
4ft
.
2
Dec
Phoenix, Hosiery-
17%. |
»4%
-
y
75
17%
32
200
200
,
*149%
465%
*22%
23
*4%
3%
449 y4
449%
*165%
51ft
*48
*58
.
800
.(
"72%
2%
60
.*4%
9%
50
y
70
*8%
39%
*56
4ft
500
*2%
*17%
*32
5V4 y
800
39%
18
32%
500
2%
60
32%
.
.
Jan
:
lft
Pet Milk Co
4%
39ft
*17%
32 Va
A
„*2%:
'
4' 10,900
*64
5%
120
230
35 V4
102%
75
500
25V4
s*ior
7%
5.%
35 ft
72
*56
60
32%
-
*7
39 ft
40
*2%
9
»•'
"Feb
1%
Peoples G L & C C (Chic)_
JPeoria & Eastern Ry Co
Pepsi-Cola Co
Pere Marquette Ry Co
12,500
25
■
72%
105%; 105%
*70
75
•3%
465%
*4%
7%
*3%
449%
*4%
106%
*70
■:
*100%
ioi
3%
63
*58
65
*58
.400%
*7
2%
is;
8%
71%
33%
32
32%
*32
:
8%
71%
405%
7%
40
8%
*3%
3ft
3%
'3%
3%
r
75
*70
75
64 ft
*63%
71%
71%
-71
73/4
67
2ft
5%
5 V4
5 ft
100%
>39%
*5%
*4%
11
4ft
Pennsylvania RR
Peoples Drug Stores Inc
100
22%
22
*21
4%
35
Penn
5%
20
20
Jan
19% Aug
18% Feb 25
5% Jan. .2
$7 conv
41%
*39
22
25%
100ft
*2%
5%
*4%
V
21
5ft
100 ft
39%
;•
25%
*100%
*70
4%
4%
*20 ft
,y' *21
22
*21
41
40
6
Penn-Dixie Cement—No
300
y.v:
Dec
8
Penney (J C) Co—1—
Penn Coal & Coke Corp——
1%
*4%
5%,
*47/a
41
21%
21
,
*1
22%
22%
35%y
5ft
72 V4
8
4%
41
y
1%
*1
22 ft
24%
72%
75
39%
*34%
5%
*8%
*7
*39%
39 ft
»39
Penick
200
11,000
•'
26%
8
Patino Mines & Enterprises
,
18%
35%
63
*70
18%
23
4%
4%
18%
25%
*5 Va
25%.
*34%
-
4%
4%
18%
„
Jan
17
Jan
A Mar 20
ioo
13%
Jan
28%
13% May 20
v
20%
Nov
11%
148
2.50
300
105
20%
1%
22 ft
20%"
*102%
20%
15%
4
Parker Rust Proof Co—
2,200
>4% Apr
Dec
101
Parmelee Transportation—No par
2
20%
39 ft
41
V"
;
' 1%
35%'
19
*1
5
69
20%
39%
23
*13%
13%
105
*102%
105
*17%
19
22
*21
22
4%
*102%
20:
40%
*40
y.73%
*72
y
20%
*33%
'
54%
Nov
Dec
31
3
100
9,600
25%
6%
25
500
19
Sep
7ft Nov
y
6% July
Parke Davis &
6,000
'
-
;
*13%
13%
*13%
13%
105
*103
4%
*21
*1%
2
■
40%
8ft
8ft
*33%
22%
4%
35
*63
35%
1%
25%
35
68%
*33%
40%
5%
25%
*53%
68%
35%
*1
4ft
*4%
54%
68%
*33%
18ft
22%
22
*21
54%
69 ft
*1%
*40
'
54%
*1%
*39
41
*52
1%
1%
5%
*4%
18%
2
39%
22%
22%
*39%
19%
'4 4ft
'
*1
1%
*1
19%
4%
*39%
40%
*39%
19%
1%
20%
*17%
18%
*17
%
1%
105
20
20%
20%
13%
Mil
1%
13%
13%
13 %
13%
*102%
24%
13%
Va
1%
*33
35%
24
14%
35%
*1%
1%
*1%..
*33
24%
*13%
%
1%
2
*1%
2
23%
14%
&
i 12%
2% Jan
Park Utah Consol Mines—
1,100
1%
24%
%
69
U
19
18%
1%
1%
19%
%
ft
ft
Park
17
*15
17
56ft';Oct
,
V'. 52ft Deo
2
preferred
1st
: 150 • Jan
26% Jan
17%
13.
Apr
121
6Va Sep
17ft Jan
.
May
10
20
Apr
74 *
i 104ft Jan
1% Jan
preferred——
conv
6%
900
1%
1%
23%
14ft
;"':-
18,000
15%
Cos
Paraffine
3
10 July
' 1 23% July
10
Jan
15% July 16
Jan 15
■*>
28
27
T13 ft Jan
;
Feb
7 % Apr
lft Apr
i
3
;
1% Mar
Panhandle Prod & Ref
Paramount
par
38% May
3
21 % Feb
:
5
4
45ft Dec
V?
»
———1
10
Petrol
Pan-Amer
4%
115
115
116%
115
*15
17
*13%
24
14%
115%
1%
1%
43%
14ft
115%
*15
17
*15
1%
24
24
*14%
;
;
15%
15%-
Jan
7
-100
.100
preferred
Pan American
105
*90
105
15%
15%
29%
31%
*29%
*90
1 105
15%
114
1%
31%
*28%
*90
15%
*1%
1%
1%
17
*15
17
*15
*lft
1 %
30%
105
*90
105
:
Mills—y—_————-No
Telep & Teleg—
Packard Motor
100
*90
*28%
32
*28%
30
105
1 %
1%
*1%
1%
1%
*28%
.*90
2%
y
22 Va Apr
Electric——1
6% Feb
,
Dec
2ft Feb
,
Vv
9ft Dec
U 440
Jun;
*4 16 : Jun
8% Jan 27
y
27
Apr 28
9% Apr, 27 y
■45% Apr
Ltg
Pacific Tin Consol'd Corp
1,100
-
4% Apr
16
t/i' 54
-
3^:
Jan
54
>
Jan 9
Jun 29
May -7
Jan 2
July 15
Mar 28 ;
48
.6ft Mar.27'
y
&
6%
100
7%
7ft
2ft
43% Apr 25
»
Corp——-—No par
■
22,400
*6%
8% Jan 20 Uy 6ft Feb
July 17
13% Feb
Jan 12 ! V
2
Dec
25%
6Va
79
v4Vi
-13ft
•
Jun .26
< 42
_10
:_25
Pacific
-6,900
17%
7%
2%
(Gal)
Pacific Western Oil Corp—
17%
2% ;•
L
—5
10'
No par
—No par.
Pacific
*
1,800
*6%
< ;
Pacific
6%
: 17%
2%
0% Apr 29:
Jan: 2
2ft Jan . 2 :
.17
Pacific Gas
.
30
142
2
900
2d
preferred
preferred
Pacific Finance Corp
<
300:
90
*141
141%
*6%
r
V
f
87
*86
1st
;
1
Coast .Co_y__—
Pacific
200
10%
16%
Pacific Amer Fisherles-Inc
,
290
15%
>26%
•
500
40
12%
.
Outlet Co—.—„„No par
Owens-Illinois Glass Co_i—-12.50
;
19%
*85
*1%
6%
y
■
,
.
5%
u_6"
100
.No par'
4
2,900
-r
7%'
19%
167/a
*141
2
2
19%;
27%;;
,
60 7
17ft
2ft.
17%
*5%
27%
;
143
*6 ft
6ft
*6 ft
-
12%
<r
15%
19%
87 "
87
88%
*140%
6ft
*6%
6%
27%
16%
'
27%
'51
15 Vz
12%
'w
'15%
19%
19%
19%
J
—_•
'8% preferred A—
: 59
Jan 2 »
Oppenhelm Collins
'
2% Apr;28 .
Otis ElevatorNo par
.£ lift Mar 12
; 6%. preferred—J
100^* 132 * Mar 20 r-142
Outboard Marine & Mfg—
—5:xl67/a Apr: 28 . ;y-23%
,
'
500
' y-y V
19
19
12
—
15%'
137
24
7% -•7%-y ■yy;', *7 :.
*5%
5%
5%; *
18 ft
12%-y
10
;
•••'*,;. 2,900
; :
,30
48
'
18%
12
*15 V4
15%
.
*87
•
143
2
2
2
*6Va
\~r
.
5%' 1
18%
12%
16%
145
V/2
5%
17%
:
19%
19%
16%
140
.7%
,
*
27
*86
.7'/a
50%
Omnibus Corp (The)
•
500
•
\
3V4
13
51
:
•
•
*45
48:
50%
1,700
*22.
22 ft
'
*15 Va
27%
16 Va-
16%
*12 y
'
*27%-
27 ft
*27
137
"22%
51%
3,600 .'^Oliver Farm Equips—_No par
•':
*
*
*133%
*45
1:
48
50%
5%;
■17%
15ft
19%
:
*5',
12%
197/a
►133%
23%-
22
*45
50ft
*
.*7%
,
"
19
*11%*15
"12%
*11%
:
19
20
*17%
5%
*5
V
13
Ohio Oil Co__—No pari;
'
y
}
71
*3
"
..7% V
-*7%
5 ' ;■
.
136
136
136ft
140;.
*20 ft'
>
13%
v 5,100
;
1
4ft
•
71
3ft
13%
*3
■
13%-
13%
73
*70
3 ft"
*3
13
4
;4Va
r
25%
24%
25%
*4
73 y
*70
,
3ft
-
7%
■24ft
4 ft
4 ft
4 ft
12%.
13%
12ft
*'1'.
8ft
24
3%
3%
13%
13%
8
24
4%
,
73
*70
3%
*3%
8
23%
4%
8
-
*4%
73
*68 ft
7%
23%
7%
8
.
22%
7%
77/a
70
Dec
Dec
Dec
iV May
13%
Dec
7%
9%
15
Oct
Feb
Jan
Jan
Jan
July
1% July
17
July
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4091
156
NEW YORK STOCK
Saturday
Monday
July 11
■.
'
July 14
S per snare
$ per share
Thursday
$ per
17
4%
3%
3%
3%
3%
>3%
*14%
14%
14%
14%
14%
14%
14%
*6%
6%
6%
6%
6%
6%
6%
*6V4
7'A
25 V*
6»/4
6%
*6%
7%
*6%
,
*22%
25%
>23
25
*23
*15%
17
Friday
July 16
17
share
S
17
*15%
>15%
3%
Sales
:
3%
*3%
3%
14%
14%
15%
6%
6%
6%
6%
6%
1,800
7%
*6%
7%
*6%
7%
24
*23
v
,
600
25
48%
47%
48%
4874
49%
49%
49%
49%
49%
*118%
119%
*118%
119%
*118%
119%
*118%
7
5% Jun
2
8
6 %
7
5%
119%
10%
10%
10%
71%
*70%
*76%
78
77%
*87
91
*88'A
*103%
105
*113
115%
9%
9%
89%
88
11%
:.v"
3%
"ft''
13
3%
Dec
8%
16
4%
Feb
13%
% Jan
3
5%
Dec
13%
Jan
8% Jan
3
6%
Dec
13%
Jan
29% Jan
Apr
16
42
Feb
17
52
100
115
Feb
16
119
9% Jun
3
21%
Dec
Jan
6
50
4
115
Jun
Oct
40%
Dec
Mar
Jan
Jan
61%
Sep
120
July
10%
10%
10%
4,000
Pub Serv Corp
3
14% Jan
8
11%
Dec
72
72
72
*70%
74
500
$5 preferred
Mar 30
75%
Dec
110
Jan
78
78
78%
*77%
80
400
6%
preferred.
100
73% Mar 31
86% Jan
£99% Jan
14
*76%
14
92
Dec
*88%
91
93
*89
93
Jan
91
*89
123%
*88%
7%
preferred-
-—100
79% Mar 30
111
Jan
106%
Dec
137
Jan
8%
preferred
99
Mar 30
123
Jan
Feb
111% Mar 19
115
10
105
104%
9%
(:
105
105%
105%
115%
114%
114%
100
24
24%
24%
24%
13,600
9%
9%
9%
7,300
24
9%
9
1047/a
115%
23%
10%
*113
105
*113
23%
22%
ft
105
!
115%
*113
10%
9%
9%
96
*95
260
95%
95%
88%
88
88%
88%
88%
88%
88 %
*87%
89%
11%
11%
11%
11%
11%
11%
*11
11%
500
9%
*9%
9%
9%
9%
*9%
9%
3%
3%
3%
3%
3%
3%
3%
15,300
54%
*54%
55
54%
800
*78%
100
*94
96
'
9 Va
*9
*94
96
*9
:
96
100
Oil
—
preferred
conv
par
.—-No par
No par
(The)
5%
62
100
—
pfd $5. .—No
;
6%
No par
—
Pub Ser El & Gas
Pure
No par
of N J_—.
Pullman Inc
600
11%
*94
9,%
Jan
5% Jan
*70%
23
11%
*9
Highest
21
16 % Jun
par
No
(ser of Feb 1 '29)
Jun
72
9%
96
25
—50
Gamble—
&
pfd
July
16
78
9%
104%
9
*11%
2d preferred
conv
5%
5
15
*76%
.
115%
*87%
3% May 21
Jan
91
22%
*94%
5%
Procter
17
8
'
t per share
*70%
10%
*113
22%
1st preferred.
conv
Year 1941
I per share
77%
72
.104%
22%
10
No
Range for Previous
Lowest
$ per share
9% Jan
14,700
119%
*70»/a
Pocahontas
I
Lots
Highest
15%Jun
100
481/4
*118%
100-Share
$ per share
,
48%
Basis 'of
Lowest
par
200
24
On
Poor & Co class B
.-.No par
Postal Teleg Inc preferred—No par
Pressed Steel Car Co Inc
1
4,00b
25%
Range Since January
STOCK
Par
Pond Creek
"3%
»
YORK
EXCHANGE
17
14%
15
*24%
NEW
Shares
share
per
for
the Week
July 17
119%
48%
*118
'
*15%
17
STOCKS
Wednesday
July 15
*16
*15%
RECORD
PRICES
S per share
Tuesday
July 18
S per share
SALE
HIGH
LOW AND
225
20% July
7
100
9
29%
6
117
Dec
158 %
Feb
2
114
Dec
117%
26% Feb
4
10
2
101% Jan
2
91% Jan
2
Apr 28
90% May 13
Jan
Jan
19%
Oct
Dec
29% July
7
Feb
12
X 94
Mar
Dec
107%
Dec
20
83%
Feb
95%
Aug
No par
9% Mar 11
11% July 10
8%
Deo
12%
Oct
10
8% Mar 11
97/a May 19
8%
Apr
12% July
-100
preferred—
Purity Bakeries
Quaker State Oil Ref Corp
80% Jun
17
R
3%
54 Va
3%
3%
54%
54%
*78%
100
3
*
54%
*78%
2%
3%
2%
54
54
54%
100
*78%
100
*78%
2%
2%
2%
100
2%
2%
*2%
*42%
45%
*40%
44
40%
40%
*38%
*16
17 V*
*
16%
16%
16%
16%
16%
16%
9%
;
9Va
9 Va
9%
9 %
9%
9%
.:
24%
'
24%
"•
25% ft'
*24
*13 ft,'
i
;
21%
*2 Va
*6%
>12%
12%
12%
26%
26
26
22 ft
22
ft
6%
ft
*62%
64%
41
41
J
•
15 Va
ft ft
*96
73
5%
'
7
*6%
41
,41
*3
ft.
■
40%
ft
15%
Vftft 5%
*96
97%
*96
71%
*71%
74
*72
5%
5%
5%
:ft;: 83
60% ft-': ftft 59 V*
15%;
83
83 T
59%
59%
59%
7%
7%
•.ft
7%
*83
83
;
*84 ;
85
*57%
60
'ft
8
ft
V":
59%
1
100
»
ft 6,700
97%
5%
1,600
--ft
85
ft,v>
;
*7% "7%
*78 V*
"i ■ft>"
83
*78%
-
*4% ft 4%
24%
ft
7%
.-ft'
*78%
4%
41/^
24
35
36
83
35
24
36%'
*35%
83
*4%
ft 24
ft 36
24%
'
-8
.
*78%
'
4%
4%
24%
.24%
*35
83
•••7%
*79'
'
;
110
>
:
ft 2,400
4%
24
*35
36
4%
*4'%
24
37
1,200
;
24
23%
*35
ft
37
,»2Q
*
7%
7%
.
*4% ft 4% '
*18
ft
7%
7%
7%
7%
*6%
7%
'
■ft
*4Va
18% ft /ft:
4%
*4%
18 ft
18
9
*42%
*
45
27%
ft-'. ft-ft: *8 Vis
28
9 Va
45
42 Va
ft
-7%
*7%
*6%
7%
4%
*17%
9
9%
9%
44
*42%
27
27%
7
%
:ft'
:
ft ft
%
i
*%'•'
ftv
ajj
:
%
*%
ft
%
28
: Va
'
*u
28%
:.
*2%
4l/a
*2%
4%
*2%
4%
9%
*5
9%
*5
9%
*5>
34%
34%
34%
104%
104%
104%
-12%
16%
16 %
34%
104
*"
12
12%
16'/4
16%
3514
35 Va
16 Vi
12
35%
104%
*104'/a
12'/a
11%
,12
■
44
27 Va
3,200
ft
St
'
*2%
9%
35%
104%
290
11%
11%
3,200
Dec
Aug
18% July
Dec
27% Aug
23% Mar 11
19%
Dec
24
.———50
20
-
1% Jan
*84
86
86
*84
16%
*84
16%
16%
>*84
86
"16%
86
>16%
16%
2,700
85
16%
*84%
.
86
85%
200
32%
1,300
:
Dec
2%
Sep
Jun
8
Apr 30
16% Feb
5
6% Apr 24
10% Marll
2
6%
.4.10
12% Feb
2
0%
Apr
12%
1
7% May 18
9% Jan
6
7%
Apr
10% Nov
64 %
July 17
63%
Dec
67%
Jan
Feb
34
61
Apr
par
25
...
x55
Mar
15
55
7% Feb
9
22% Mar
7
53
Dec
Nov
16
Apr
Nov
9% July
100
38% Jan V 6
48
•
Dec
—1
2% Jun .22
4
% Jan
14
2%
Dec
No par
13% May 14
19
Jan
2
14%
Dec
22%
101%
X94 % Jun
100
70% July
•■-.'4%
X82
100
——.
^100
3% Mar
_1
Dec
97
Jan
22
6% Jan
3
Dec
11
Jan
129
Sep
129% Mar
4%
,3
97
Apr
>' Jan
20
60
Apr
5
6%
Dec
15% July
85% Jan
19
75 V#
Dec
65
74
:
80%
4% Jan
5
Dec
10%
27
22%
Dec
34% Jan
54
Jan
9
<4
:
49%
Deo
53%
Jan
15
7%
Feb
12'/#
Aug
16
6
Apr
97/#
5% Jan
19
27
Jan
20
2%
Dec
19 % Mar 20
,10% Jan
May 20
47
27
34% Jan
May 26
Jan
"'.ft 27
ft Jan
2
% Feb
5
A
3
% Jan
27
Nov
Dec
14%
Aug
48%
Jan
Dec
42
27
39% July
% Feb
ft
Dec
—100
2
Jan
7
4% Mar 15
Dec
1% July
-100
5
Jan
2
6 Va Jan
4
July
35
104
Schenley Distillers Corp—
—5
5 % % preferred
!—.—100
Jun
Apr
May
Apr
44
Jan
3
Apr
47
Jan
3
£106%
Dec
113
Jun
19% Jan
23
3
12%
Jun
23
Sep
9% May 19
12% Apr 28
78
May 15
u
%
6
8
110
29 % Apr 30
100
20
Jan
21
Nov
8%
2
Jan
5%
14% May
'/a Jan
—5
Jan
8% Jan
23
-No par
Sep
July
27% Jan
100
——
Feb
8% Jan
9
34% May 13
10
—
Aug
77
9
Feb
7
No par
Francisco—
96
23
Apr 23
>16
■
Jan
5
86% Jan
May. 6
6% Apr 28
6% Apr 30
3% Jan
6
,
Dec
100% Mar
35
—
Oil Corp
21
8
May 22
20
i
—10
-
3
6% May 20
75% Apr 29
—100
—-1
Spring
Jun
July
54
:
No par
preferred—
preferred
Jan
3%
-
preferred
5%
,
1
2% July 10
Jan
11
Savage Arms Corp
'*
13
Jan
39
■
'
May 28
29%
-100
—
Safeway Stores—-.
2,600
Dec
Dec
-
preferred———100
5%
35%
11%
8%
10%
JSt Louis Southwestern-—.
104%
35%
104% :■
16
21% July
18% July
22%
preferred—
Louis-San
6%
4%
*5
9%
Dec
23
-No
z
Joseph Lead
ISt
14%
2
$2.50 conv preferred—
200
8
3
_10
No par
—No par
Roan Antelope Copper Mines-Ruberoid Co (The):
—No par
:
20
17% Jun
28
Rustless Iron & Steel Corp—
100
4Va
35 Va
104%
\
104 %
11%
•
-■"
-
300
26%
27%
*2%
*5
\
•
400
'•
4%
12%
: 500
9%
*42
°»V
9%
34%
\
ft'
Oct
2
27% Feb
Ritter Dental Mfg—
4%
18
55%
15% Jan
prior pfd ser A——100
conv
Richfield
1,100
ft
27%
11
*5
104%
Va
*8%
%
*ii
%
*.jV
*2%
.
7%
*17%
18
*8%'.:
9%
42% ' 42 %
44
7%
4
4%
4%
18%
*4%
:«
•
ftft' »%
7%
*6%
7%
7%
17%
18%
*42%
-:y 27% ft'
27
■
*7%
*6%
4%
*17%
V:-.v9. ft<
'
9
"
7%
*6%
'
ft:
38% Mar
26% Feb
1st pfd_.
Common
,
"•
*7%
*6%
9
1
—
Reynolds
46'/2 Jan
23% July
Reynolds (R J) Tob class B
2,900
Jan
4
v
—5
preferred:.
5%%
3%
11% Apr 16
: 23% May 28
50
-—4-50'-
5%% preferred—
Reynolds Metals Co——
85
*79 ."'ft
85
*4%
4%
24%
>
7%
Dec
11% Jan
Revere Copper & Brass——No par
7%
no
>
7%
60
*57%
'
■
2
8
25
& Co
conv
conv
2
—100
(Robt)
6%
Dec
3% Jan
7% Jun
Hosiery
6%
Jan
88
15% Jan
—_
Reo Motors v t c
;
Jan
Dec
34% Jun
Rensselaer & Sara RR Co—.
100
,
47/#
62%
85
100
Republic Steel Corp_
30
74
85
'
30
Dec
Dec
25
-No par
Preferred with warrants..
400
15
'
Apr 23
2%
47%
Apr
—1
Reliance Mfg Co
Remington-Rand
2,000
3%
5%
5%
ft
;
42
*72%
?'>7%
85
*57
64%
*95%
2
Reliable Stores Corp
'ft 64%
14%
5%
5%
Reis
'
8%
3%
—1
-
__
2d preferred——
Silk
Real
7
11%
*40
88
preferred—
.4%
100
—
3% July 10
54% July 10
Apr 25
Preferred
8%
96
*72%
75
5%'
*6%
75
96
97%
•
ft
6
88
Inc
Reading Company
4 % 1st preferred
160
2%
15%
•
22%
500
14%
3%
14%
■
900
300
73
■
44
3%
3%
14%
97%
71%
*39 (
40%
>*3
$3
400
;
12%
*11
8%
>63% J' 64
ft'
64
24%
26%
*12%
11%
8%
-
Rayonier
*50
7
*11
8%
*63
3%
:/•
14%
15
8%
64%
*6%
7
11%
*11
8%
*63%
3 Va
*6%
11%
8%-
45 '
84
*59
14%
*11
700
9%
*2
73
*12%
64%
*96
';;..
•
5%
ft
J
14%
97%
*71%
*50
14%
800
Radio-Keith-Orpheum
6% conv preferred
Raybestos Manhattan-
9%
22%
2%
73
♦12%
9
*41
15 Va
*2
2%
*50
14%
6%
ft' *3
:
2%
73
*12%
11%
'
9
*63
3Va
2%
*50
100
17
12%
22%
*22
22%
42
*26
13%
6%
ft
22%
4,700
2% Mar
46% Apr 28
—No par
$5 preferred B
2%
*24%
24%
74
*11
ft-ft
22
*2%
2%
*2 Va
13%
9%
'
,
12%
*25%
*50
11%
*83
24%
13%
26%
•
*9
3
24%
12%
26%
2%
13%
*11
9%
24%
3/,
17
17
13%
24%
100
*38%
*21 Va
74
13
O
42
26 V*
1
12%:
21%
*50
24%
*38
*25%
*24
13%
25%
*9
*78%
2%
16%
*9
42
54%
ft
-No par
Radio Corp of Amer__
$3.50 conv 1st preferred-. -No par
16% July 10
89% Jan
8%
Sep.
Apr
'17%
Sep
79
Jun
94%
Sep
31
15
Dec
'
31%
•
31%
*112%
1,16
*106 %
108%
*
ft
'■
■'
32
>
3ivi
31%
*12%
*
116
:
*112%
116
*112%
116
1
*112%
*106%
108%
*106%
108%
*106Va
108 Va
*
X108
•A
%
%
12%
13%
12%
a7a
*%
12%
:
*ft
>:*%
-12%'
-*2
ft
'ft ' 55%
;:: 7%
v
*8% ft.
V:
2%
54'
*2
:
55%':
>
2%
V
55
*2
-
55% V
1
2'A
54%
;
'
•
9 •
7% >,
7%
"
■
>'
9
>
54%
■
9's
55%-
>'
7%
'
8%
55
56%
> 2 %
.
V;r
2»A
'*8%
>
;
57%
4,800 >
9
,
No par
Servel Inc..
..
Seagrave Corp
——
.5
Sears Roebuck & Co—l^.—No par.
2,600
.
700 >
•
210
57%
.
No par
preferred———100
Seaboard Oil Co of Del
1,200
x
———No par
ISeaboard Air Line
4-2%
7% *. 7%
•
57%
>;57%'
300
32
55%
55
:
'
7%
9
*8%
57%
12%
.
—No par
1—
$4 preferred—
%
■
*2'
.
>
55%-
-•
-7%
;
56%
Va
12%
'
■
7%
"•■•V;:, 9 : ■«9
9Va
55%
55%
7%
'•
"
ft
34
*2
55%•
7%
7%
ft-
12% ■ -12%
12%'
; *2
2»A,
55
54%
12%
/
.'
—No par
$4.50 preferred
~io
*
%
Scott Paper Co
116
108
*
s7a
%
■
'
-
*32
33
31%
*112%
108%'
*.3.
%
31%
31%
116
*106%
"
*%
:•
ft
*31%
>112%
$5
conv
43 % May
:t.
47/a Jan
>
l..
Sharon Steel Corp
:
25% Apr
112% Apr.
106VaJan
Va Jun
«.
ft Mar
IOV2 Apr
2
May
52% July
——..No, par
preferred
8
—No par
Apr
36 Va Jan
16
116
9
6
Jun
39% Sep
115% Mar
Dec
112
10
%
Jan
Jan
28
%
Dec
13% Jan
11
5
11%
Dec
ft Feb
k
1-
23
109%
107
10
21
.
3% Mar 24
25
6;
2
9
Jan
109% Mar
17
Jan
% July
17
July
1%
Apr
3% July
;5
49%
Dec
:78% Jan
1
r57: Jan
;
7% Jun
:
July
%
■
4%
Dec
10% Jan
7%
Dec
48%
Dec
14% July
71% Jan
14
10
Jan
:60
Jan
ft
3
8
.
6
.
'
*5%-
5%
5%
5%
-
5%
5%
5%
*
"60
*59
'4%
"33 :
13
>
2%
•••
1
25
*25 %
"t-
33
*31%
12%
2%:
*2'/4
'14 :
*
*59
05
5%
-'*5
*31%
;
12%
12%
14
•;;/ *%
*22%
25*
25%
25
"V.
*67
73
1,400
Sharpe & Dohme
700
;
*108
-*31%- -33"
33
13 Va
%'
2%
*31%
*
,
14
: T4
2% *
18%
H%
;11%.
n%"
*%
1
*22%
1
25
25%
26
.
25
:
25'A
73
"
*68
112%.
*108
*13%
14%
*13%
8 V»
8%
*17%
*17%
18%
11%
11%
*13%
11%
14%
:
:
14%
11%
'
•
:
1,500
2 Va '
*2%
14 Va
"
26
*% '
1
400
-
s
26'A
•
*67
"73*
25
—5
———10
19%
128
' 2%
*2%
14%
*14%
19%
|
126
•18%
*10'
12%
•,
10%
13 >'v
18%
7;
14%
28%
y
19
*126%
128
No par
Skelly Oil Co
2,000
*
■>
108
.
•73
..._15
20 % Jun
8
19% Apr 23
108
■
20
$6
11%
8;:
14
2%
2%
preferred
No
*17%
18%
11%
*11 %
11%
'
lv- 700
Smith (AO) Corp
—.10
Smith & Cor Type v t C—No par
14
*13%
14 Va
!
%
Snider
8
8 Va
17 Va
18'A
■'*11'A'
* /•
: 8%
'
*14%
" 19 %
19%
15
2%
'
•
•'
8
"2%
2 '/a
'
*"14%
14%-
128
10 Vn
12%
13
18%
"*
'
19%
1%
'■
14%
2%
*14%
10 lA
12%
*2%
12%
•
'
14%
14%
14%
13%
14%
27--
27 l/a
27%
27%
38%
*37%
40*
*37%
2
1%
1%
2 Va
*2%
3'/4
*2%
3%
*2%
20%
20 Va
"
•>
•
•
8V4
100
19,800
2%
Packing Corp
--No. par
'•
Socony Vacuum Oil Co Inc—___15
;
South Am Gold & Platinum
200
13%
*37%"'
40
2'/a
20%
20%
25 V*
25%
25
25%
32
*31%
31%
31%
31%
58 V*
*56%
58%
57%
57%
20%
25
-
59
*56%
17,800
•-
Southern Natural
2%
2%
2%
*38%
39%
*38%
39%
*38%
31%
31%
*30 %
31%
31%
48
48
3
3
*109
111
3
*48
49
39
31%
*109
111
*48
*108
4,500:
2,400
*94
3%
•
96%
For
footnotes
6%
Nov
Dec
Sep
Dec
40
Jan
Jan
16%
Deq
2
Dec
11%
9
5
Jan
Dec
21%
Jan
Nov
49
*106%
3%
3%
95%
95%
see
page
227.
1
.
2%
Jan
22
Oct
3
18%
Feb
>35%
Jan
2
95
Feb
112
Jan
Jan
28
Dec
114
Jan
20% Jan
.6
13%
Jan
6
17
■i
Feb
Jan
26
28% Jan
Apr 29
Apr 15
ft 13'A May 18
'
6% Mar 11
16
9
,
9
,
30% Nov
20%
24%
2%
Southern
•5%
11,700
•
3 Va
Oct
30
__
38 Va
*30
Sparks Withington
Spear & Co
*30
31%
*109
111
*48
>109':
50
*106%
3%
*93
3%
96%
3%
—
*93
3%
95%
*109
__
-
49
•
49
5%
'•
366.
*106 Va
3%
3%
95%
95 Va
~3 %
95
Va-
Dec
2% July
13
Feb
19% Aug
26% Jan
26
£13
Jun
237/a
126
Apr
2
.14% Apr 29
144% Jan
27
120
Aug
20% Jan
10
9'AApr 20
10
Jun
2
12% Jan
5
13% Jan
26
<;■
-
't
16%
£
10
Dec
•
8
;
Dec
Jan
Feb
36%
37%
1
May
2 V» May
3% Feb
2
Dec
$4.50 preferred
6
17%
Dec
19 Va July
2
'■
17
31% Jan
' 6
27 Va
Dec
31 Va Apr 28
37;,
Mar 24
27%
Apr
ft 38%
60
Jan
3
54%
Aug
60
4 Va Jan
6
'
*
.
No par
ft—1
100
No par
-No par
—No
49
par
No par
Mar 16
Oct
Jan
22
July
39% July
17% Apr 28
21% Apr 28
21 % July
1
No par
'
Nov
6% July
-No par
—i.__
preferred
Brands
4
Sep
Feb
2% July 14
.
Jan
13%
19%
1% Apr 24
Dec
Mar
.' 14% Aug
11%
5
24
50% Mar 24
12% May 20
150
>• 27%
23% Mar
18% Feb
35% Jan
5
1
preferred
Squibb (E R) & Sons
$5 pref series A
Standard
14,200
200
conv
1%
3
16
2
Square D Co
111
>
10% July
2% Jun
Apr
34% Jan
par
2
Conv $4.50
Nov
ft 7 % Deo ;
23% Jun
Spiegel Inc
80
300
50
*48
*93
38%
31%
111
>106%
3%
38
*30
Sep
18%
15% Jan
—No par
$3 conv preferred A
1,300
38 Va
31%
38 Va
38%
3
25% July
15
Feb
.100
No
Spencer Kellogg & Sons—No par
56%
3
8% July 11:; ft
Feb
Jan
•
—100
Ry
preferred
Sperry Corp (The)
Splcer Mfg Co
56%
.
; 4
9
13%
6
7.50
2,900
500
3
.
14%
ft
17 % Jun 27
;
1,660
21 Va
24%
31%
*2%
3
,
111%
17
1% Mar
14
■>,.
No par
Mobile & Ohio stk tr ctfs
*31%
;
3%
.
•
27%
*56%" >57%
-
*108
5%
69
10 Va
14
,
Dec
32%
1% Mar 24
112
.
_100
Edison
Gas Co_>_
.
111
4% Jan
.15% Jun
V
July 10
;
.
__25
Southern Pacific Co.——:
-
California
-
*109
4
2
108
_1
.—
Southern
31%
31%
preferred
i
2
*2%
25
8%
1,700
:>■•• 500
14 V4
1%
20%
"■24%
32
130
;
12%
*37%
3
20%
24%
32%
1
40
2 Va
2
25 Va
27
-40
*2%
3%
13%
27%
13%
129 Va
2,400
11
12 Va
27%
20 Va
18
*10%
25%
*56%
Feb
14% Jan
Apr 29
S'eastem Greyhound Lines——5
So Porto Rico Sugar
No par
2,400
,
14%
xl7%
10%
32%
20%
:
12%
*19%
*20
*127
18%
12%
—
•-
1%
20
'1.
*10%
"
28
*37%
3%
>18%-
18%
10%
v,.;
20
19%
*127" 129%
129%
18%
14%
''
•
4
10'A
12%
*127'
1'8%
10"
•
'
1%
Apr
51%
22
100>
par
14
18 %
26%
'
3%
4
20
Apr
y65
Sloss Sheffield Steel & Iron—.100
'
*13%
8'A
12%
18%
10 y8
38 %
*37%
-
19%
18%
14%
*27%
34
% Apr 14
<
"
*
15
Jan
Mar
5% Jan
.2% Jun 30
11% May 6
•
——No par
Petroleum
Simonds Saw & Steel.——
*67
'
128
10 V# Apr 24
*
,61 %
i
No par
Silver King Coalition Mines
Simras
25% (
25%
:
'
109%
*108
112%
'
2%
14%
15
*14%
19%'
15
(Frank G)
Simmons Co
3,300
•.
1
*22%
25
*22%
' "
73
'
8 Va
'■'8,
2%
Pen Co-L—No par
7
4% Apr 29
547/a Apr: 29
4V» Mar 6
.ft 30V4May21
—No par
pref ser A—^—No par
conv
(W A)
Shell Union Oil
1
2%
$3.50
Sheaffer
12%
14
14%
14"--
14 Va
>
33
12%
13%, -13%
*2%- f) 2%
"
'
17%"
18%
*17%
,v
•
Shattuck
2,100
'•
*108: 112%
*
5%
60% :
*5Va"-5%
5'A
r
5%
60%
60 Va
'
"
*68
112%
2
*2%
•
1
25%
75
■
"
'
14%
*%
"*22%
25%'
*108
5'A
;
5%
*5%
5%
60%
?
*
12%
•
*68
'"5
,
>59
60'/a
"
2%
*22%
33
:r". 12%
115
*%
60'
5%
*31%
'
13% "
14%
•ft
60
5%
5%
*32
~
GO
July
Dec
'
2%
35
27%
108%
40%
111%
2%
89%
Apr 14
Apr 27
Jun 24
Jun
1
Apr
9
Apr 20
Apr 29
May 2
45 % Jan
14
3
Dec
.
34%
Dec
31 Va
Feb
6%
Jan
57%
Jan
"
38% Jan
6
Feb
11
114
49 Va Jan
' 6 i
113
Jan
Jan
6
110
Jan
8
40 V* Aug
117% Aug
,
Dec
47%
Dec
48 Va
Dec
3% Dec
6%
Jan
8
5
111
108
..
Jun
113% July
,
FINANCIAL CHRONICLE
THE COMMERCIAL &
V*
V*
1.1
M.
<1
"VA
%
V*
\S
*'/4
$ per
1
ir.
1
8 '/a
6%
6%
21%
;
8
8 Va
21%
*6%
*6%
8 Vb
*7%
22 V*
22%
22%
21%
22
25%
7%.
7%
,
.
7%
7%
8 Va
".
$ per
Standard Gas & El Co
—No
par
$4 preferred—,
l__No
pa1*
$6
$7 cum prior preferred____No par
400
*
,
.
prior preferred_i_.No par-
cum
-V
Lowest
■
Par
'
*7%
*6
6%
6%
7
*6%
.
On Basis of
:
200
1
7
•
Range Since January
.
*
EXCHANGE
900
1
1 <•
7
7
'
NEW YORK STOCK
,
600
"
'V
.
Shares
%
;ia
ii
i>
the Week
$ per share
share
*
ii
Sales for
'July 17
July 16
.
$ per share
$ per share
per share
$
$ per share
July 15
July I t
Friday
Thursday
Tuesday
July 13
July II
STOCKS
HIGH SALE PRICES
Wednesday
AND
LOW
Monday
Saturday
Monday, July 20, 1942
1
Range for Previous
1
Year 1911
100-Share Lots
Highest
$
S per share
share
%7fiJan
-fa July ,6
% Apr 25
5% May 14 ^
6
Apr 28
Lowest
V
share
per
Vb
7
.Highest
$ per
Nov"
share
IV*
Jan
7/a
1% Jan
13 V* Jan
14
227/a Feb
5
Dec
4% Mar
Dec
21 % Mar
10 V*
14
8%
Dec
6
•11% Jan
v
22% Mar
'
21%
21%
21%
25%
25 V2
24%
38%
37 %
31%
*31%
25
*23%
25
54
54
4
3%
25%
25 Va
25%
38%
37%
38 %
31%
31V*
31%
*31%
31%
*31%
31%
24%
24%
*24 "
25
*24%
24%
53%
53%
53%
53%
53%
4%
4%
53%
6%
634
•;
.
6%
6%
3%
3%
*3%
4%
4%
4%
4%
VA
4%
4%
4V4
4%
4%
VA
4%
47%
47%
47%
*47%
47%
V
*123
;' 324
13%
*13
13
*
4%
*123
4%
12%
*12%
13%
IV*
1%
1%
IV*
1 Va
*10 %
11%
10 %
11%
*11
11 Va
*20%
21%
*20%
21%
*20%
21%
*3%
4%
*3%
4%
*3%
4%
22 Va
22 Va
23%
23 7
►
21%
a
24
4
23%
23%
4%
*4%
47u
*4%
*32%
*32%
37
1%
8%
*8%
36 %
36%
*2%
2%
4%
2J%
21%
21%
21%,
*3%
?
8%
35%
8%
36%
36
36%
*2%
2 %
31%
31 Va
6Va
6'/a
-a-'
*10
11
7
*6%
30%
*
,'
f,
.
5%'
2%
Va
*
'.!
2%;
2 Va
6
5 Va 'k
{
200
8%
45%
%
.
3%
3%
'
,-700
6,300
\
"
•
*2
6
19
•
*%
%
*i"u
18%
8Ta
0%
90
*86
8%
;
.
s
*3%
ih
■••;■•:
■;
*3%
—
*3%
*26% '
27 Va
*39%
90
*87 Va
'■
*2 Va
2%
•>
*
*%
*11%
*88
6
Va
V/a.
.4%
4%
9%
9%
9%
*11V4
11%
v4
11%'
11%
*11.,
10%
2% y '
*2%
>
59 V*
*59
6 Va
6
23 V4
*2%
2%
v
'
11%
*11
.
10%'
22%
.
26Va
100
7.
'y
Dec
18% July
16'/a
Nov
6
800
V
16%
■
100
1
9% Jan
:
IVa
'
11%
*11
10%
$4.50
No
23 V*
*22%
*2 Va
2%
38%
'A. 6
v
23%
2%
:
"io% •;
v
V•
•"•••
<
yiy 4,500
'v ^900
2%;-.<y
' :v"io%
'
-
300
23%:
22%
'
y
Cen
38
*35 V'2
6
*5%
' %.*2
-
$1.50
*5%
''
6
5%
5%
y.y.
'
200
Co_
Coach
2
34% Feb
27
30... '
Jan
2% July
6% Jan
27%'Jan
5
Jun
10% Feb
_
Jan
11%
Dec
Dec
Dec
95% Jan
.9
95% Aug
99%
34 Va Jan
5
27%
Feb
35%
Sep
32
May 20
43 V4 Jan
6
37%
Dec
51%
Jan
8
t:4
Dec
Jan
4V2 July
28
10% Feb
7% May. 15
5
67% Mar
V
No
par
1% Jan
3 % Jan
5 Vb May
5
2
Dec
75.
7
Jan
Va
Jan
Sep
11% Aug
May
a
9%
24
Sep
Dec
1% July
Feb
4%
6% Jan
16
Dec
Jan
16
40% Feb
21V* Jan
...
__
Jan
10% Aug
16% May
% Dec
.
Jan
Feb
'
9 Va
:
V*
17%
Dec
4
11 Va Jun
19 V4 Jan
par
%
60
.2
Jan
7
4
5
6Y8 Mar
1 Va July 10
% Mar 14
5j/2 Jun
par
8%
2
12% Mar 17
3
23 % July
__
Jan
9% Mar
'
Mar. 28
No
-
Jan
18
7
-10% July
_
y
1%
May 20
Vb Jan
__
Jan
34
5
7
.
Aug
6
Nov
W-V* Dec
July 10
12
:
40
3Va
7
U Feb
12
Sep
> 5% July
24%
20
2
>:•
July
9
3
Corp_C._:-No par
preferred—
_
Twin
Dec
Feb
City Rapid Tran
1% preferred
40
38%
*35
38%
*36
15
3J/a
11
Twin
60 V*
5
10
.
Sep
May
4% Jan
56% Jun 30
__
Sep
4%
28
Jun
——1
..
Jan
44%
Dec
38
10Va
Jun.
'
14
'Jan
July 14
,'. 8% Jan
No
6% Aug
Dec
Dec
.
2 (:.
MarlO
2
4
;
Film
Fox
32
Sep
7% July
:
85
__
i_
387/8
Dec
5%
Va May
22 V
par
$6 preferved_ii—_i—
"20th
Jani
8
No -par
Tri-Continental Corp
Truscon Steel Co_
11
8'/4 Jan
10
Bearing
Corp
Jun
50
V; Ji Mar. 27
Transue & Williams St'l,.
Truax-Traer
.5
7
Jan.
5% Jun-
Oil—.—i_10
Axle.
Detroit
20
>3
Sep
Dec
4
3% Feb
16
24
42
9%
46%
5V4 Mar
Jan
6
:
Dec
3QV's
9 V* Jan
Nov
38% Aug
3% Jan
Dec
2
11% Feb
i.
•5%
Feb
6
34%
6
Sep
Dec
Dec
.1%
14
6% Jan
2
2 Va
No par-
preferred
conv
Timken Roller
110
/
800
11%
*11
4:
10%
Jan
7% July
,3% May
27
6
34% Jan
17% July
No -par
.
Transcont'l & West Air Inc.
•.
3,600
:'
6
O
Jan
Aug
24%
Dec
16
May 26
20
.-,10
Corp. _No par
Transit
Transamerica Corp__
3,300
;
.
59%'
59
Jan
5% Aug
Dec
3%
•=;'
27
3V4 Apr
.—4_L1
Co__
Avenue
Tlmken
1,700
:
-
llVa'v
1 Va
:
23 V*
,25
19% May
May 13
t 3
2
*
.
9v
■21 v:
Dec
3
26
Apr 28
41
100
25
(J R)
Thompson Prods Inc_i—__ No par
y
900
;
■>;
10 Vb
10 Va
*11
_——
Tide Water Associated
3,400
y
4 V4
•'•; 4 %'
'
(>;•
*2Va
*22%
*5%
'
6
9 Vb
39 V* Jan
38% Mar 27
par
Pieferred
Thompson-Starrett Co__
$3.50 cum preferred
■
300
,
A.
40%
40%
59%
10%
10%
*35%
38%
*5'%
3
Jan
7% Jan j
'
2% '
38%
5%
-
11%
10%
22%
2%
39
37%
*11
.
10%
2% July
3
2'/e May 20
No
__L
'
11%
22%
y"
23
'
1V a
1 Vb
59%
6 Va
.
n%
1 Va
3oo
%
91
iov*]v,;.
*11
6 Va
59%
*5%
*11
.
10%
10%
*223,^
59%
6 Va
V4
•
i,ooo
,
'V-
9
*83
-v-^
4%.
9%
lVa
59 V2
*57,a
6 Va
*5%
41"
4
11V2
1 Va
•'
*59
40%
•r
io y4
"
59%
59 Va
Dec
% Jan
?
Apr 15
6% Jun
Thompson
11%
*26 V*
27
~VA
4 Va
10
11%
l
l
1
1
1
*
9%,
*11
n%:
*11
'
.
4
'
9 V4
5
2
4% Apr 28
1
100
—
preferred
conv
The Fair
Third
'
:
;
'
'v:
90
27
P
27%
41V2
x4V4
.
'
1%
July 17
Jan
i'
July
Dec
33% May 21
Apr 28
28
par
-
$3 div conv preferred-..:.,..
'
,•
'U :.
y
9. Vy'y-y.;::• 8%
90
41
40%
'
Va
126
Dec
5
7
2
Coal & Oil
Thatcher.Mfg Co
Thermoid
100
•
19%
11%
llVu
87/a
•
90
27%;- •-■;•; 27
.
'Jun
•
28
*
Apr 20
5
Sulphur——'. .No
130
1
90
40%
*9 3 a
9 Va
9
8Va
,27%
Dec
3%
5 V* Jan
Apr .11
-
30 ?;
25
Texas Gulf
t
800
2%'
*5%
19 %
u
27%
':
«
■V
290
3V2
*2V'a
2%
■6
19
11%
39%
•66%
12%
24% Jan
7% May 14
Corp
Texas Pacific Land Trust
.
loo
'
,
.
.
34
33
19
*%
21 Vb
■
Jan
Apr
-
14
3% Mar
Ma'r'il"
1 % Mar'
Produc'g Co— -No par
$3.60
47%
*5%.
-6
19 %_-.:•
18%
*11 %
39%
39%
4
32
Texas & Pacific Ry Co
400
'
'
•-
*5%
11%
*87%
:
22
3% Jun 27
-5
.
..
(The)—
Texas Pacific
1,000
: :
2%
•
3%
3%
34
*32'/a
*
1,500
200
6Ta
*46
47%
*46
34
*2 Va
'■
18%
8%
19%
1
Texas Gulf
40
2%
'2 V*
>2Va
2%
:V.:V%
9
25
partic preferred
Texas Co
2,000
5% "
*37
-40
%
12
.
v;
10
*6'/a
-
'
*11
12
12
20% Apr 30
Corp
Telautograph Corp.—
Tennessee
200
/ /,
6 Va
10
6%
*6 Va
*11%
%
:
'3i%
5%
5%
*37
47
*31
2 Va
'*5%
6%
45%
6
2 %
6
19
*5%
19%
19
v.:
2 *4
2%
*5%
2%' A'
6 Va
'
107/a
*10
•
40
*2 Va
-
V*
34
*31
31
__25
___
'
•
'31%
® %
5%
10%'
6%
3%:.
*3%
3%:
3%
-
V 31
34
*31
*5%
:
*2%
'31
*6 Vb
:
-5%
5% ' ■y'
*37
•'■
45
45%
46
45 Va
,6%
10% *
Va
2%
*2%
.
0
•'■'••
40
*37
9y4May20
17% Feb 13
3% May 27
13% Jan
Talcott Inc (James)
200
; •
36 Va;
8 Va
35%
2%
31
•
31 %
6%
10% :
6%
7
40
*37
*2%
2%
31
6 Va
*10
a
1% Jan
Swift International Ltd—__
2
A
Apr 28
1
10
Symington-Gould
37
*1%
1%:
37
9
12%
(The)
8%
117%
3
126
8% July
Dec
Dec
V
14
Co___
1,200
j
^
5%
5%
10 V
;
*6%
,y
40
.
4
*32%
8V2
8Va
'Jan
5% Jan
15% Jan
•
Juh
Nov
3%
9
,116% Apr 13
3% May 28
11% May 13
V 6V4
50'
21
•55% Jan
„•
83/4 Jan
Dec
4V4
5
5% Feb
•'
Corp______—___100
1,400
4%
* 4 Va
•;/
.
37
A:
36 Va
'2% :
■
30%
6 Va
<5% Jan
•
'/a
3Va May
27
2
3%'Jan
7. 43
51
4
Apr 28
4
•'
6% July 16
•
'
'
■
8%
66
57
'
'
'
5%
5%
5%
*10
*
:
i%.
Dec
1
Swift & Co
3,800
_
.
4
4
4%
4%
*32%
No par
Sweets Co of Amer
23% '
23%
4Vtt
37 Va
8%
2 %
*2%
31%
6%
.
•-uy
;
45
""
"
37
9
.■
Sunshine
6,400
'
*6%
*2
"24"-,'
4
1%
Jan
Jun
.
•"
Class A pfd
..
y
'
*31
*37
•
23%
•4%
*1%
1
Sun Oil Co—
4%
37
Aug
40
Apr 16
par
Sutherland Paper
:
22
*3%
*32%
No
Superior Steel
10%
22
4%
4%
-
37
*1%
2
*1%
*8%
n%
*4%
*32%
37
48%
Dec
4% Jan
400
11%"'
21%.
4%
Dec
29
9
400
*3%
24
33
2
Superior Oil Corp__„
4
21V*
.
3
16
3 Vo Mar
400
1%
1%
.
21%
4
4
4%
L.:
Dec?
33 V* Jan
34% Jan
5 '/a Jan
(The).—_1
Nov
34 Va July
46%
May 20
: 42 '■ Apr 24
1
1 Va
*12%
12%'
*1%
-
*4
Feb
5
'
Webster
V 33
24
,
(4%% cum)'_—100Mining Co__j—
_i.OO
Superheater Co-(The)ii._7_.No par
;: V-A;
*10%
24
4 Va
24
4%
•
&
Studebaker Corp
800
:
4V4
13 V4
4%
21%
•;
•
,
Stone
1,700
--1.800
:
"21 V*
*3%
22
■ :
,
'11%
11%
Stokely Bros & Co Inc
500
4 y4
4%
12%
.
2,700
:
6
27
25% Apr 28
10
14%
*21
21%
22
•
124
VA'
4%
.
4
27 Va Jan
42% Jan
'
48 ""
'*123 *
124
VA
.12%
13
1 Va
1V*
*1%
124
*123
4 %
4%
4%
4%
Sterling Products Inc
—:
Stewart-Warner; Corp__.:______
25%
25 Va Mar
Apr 28
' 20
par
2,600
47%
-
.
*3%
4
(Thfe)
L S—__No
1,300
4%
47
124
*123
124
"122%
Starrett Co
'
4%
4%'
,
'
Standard Oil of Ohio—_25
100
%
6%
3%
4%
48%
'V
48
.
6
6%
'
48
Standard Oil of New Jersey-—_l25
400
17% Mar
30%''Apr 24
Standard Oil of Indiana______._i.25
•
:
'
3%
4%
*46%
53%
6%
4%
4V2
%
'7,500
r-
24
-■( 18 1 Mar 14
par
V
'
53%
i__No
of Calif
17,800
'
38
4
5
'/a
6
4
*4%
25%
38%
6%
63a
*6%
25%
38 Va
*23%
'
54
54
'
.
Standard Oil
a"
25 V*
V*
31%
31%
"24
,6.100
,
38
25
37%
*31%
22
.37%
25%
38%
21%
27%
Sep
Dec
9Vb
Jan
U
8%
%
8
ii3
113
*104%
105
36%
69
113
*104%
105
11%
11%
11%
11%
70%
72
69 V*
68%
112%
112.
105 V4
%
105 V*
8%,v
:
y
69%
105
11%
11%
11%
71%
71%
71%
70%
70%
77
76
76
76
76
76
76
Va
22 %
22%
22%
23%
23%
23%
23% .7
27
%'
271/4
26%
27%
%
70 y2
"•
11%
26%
94
11%
v
V.:
113
; • ;•
*105 Va
»
11 V%
*106
;
*44 V*
46
27% Jan
par
ft
Union El Co of Mo $5
Preferred
70
$4.50
A
32
■
.
*
14%
3,200
%
.
300
14%
lO.bOO
-i'y
•
6,300
5%
ii
100
-y
n
•„
12
..
Carbon
5%
5%
11%
11%
11%
11 V'2
11%
5%
5%
5%
'
11%
12
11%
11%
5%
5%
5%
5%
5%
y;y,y
3
?":•
"
2%
*39
41%
4%
4%
4%
4%
*27%
28%
*27%
28%
"21V*
28%
*55
56%
55%
55%
55%
55%
*4%
5
'
2%
2%
41
41
*40
41
41
2%
2%
2%
*2%
2%
42
•
5
2%
*40
.
H%
;
.
;
5,700
•
5%
5;
1,500
,
2,600
'
600
3
*2'
*40
42
170
*4
42
*4%
5
11%
A,,.
5
900
5
'
3%
*14%
*2%
*78%
3
*28%
*
3
3
80
*7%
8
52%
54
*168
:
3%
*3
*98%
,
;Y
7%
*5%
6
*5%
39%
6
5%
39%
*37%
*5%
39
39%
*39%
200
320
*5
5%
40 %
*39
.
29
29
29
23%
*3 Va
12%
12 Va
29%
30%
29%
3%
3%
3%
3%
12%
12%
13%
12%
>
3%
11%
12
12
29%
*3%
13%
x29
3%
*3%
3%
.30
'
A
par
Jun' 4
Apr 17
Apr 17
Mar 10
104% Mar 24
May 1
Jan 27
37
par
16
'
15.
112 '
*107
115
26
26
114
*107
26%
•26%
*27%
29
22%
22%
*22%
24
*%
%
%
29
*27%
18%
19
82
82
45
46
*62
49%
109%
50%
109%*
20%
20%
46
*44
For
footnotes
*107
*27 %
29
*22%
\ 'i
"c ' Preferred
Electric
United
Eng & Fdy___'_—___——5
Co
—______No par
25% Jun.
48% Jun
18%
19%
18%
82
45%
63
63
109%
20 3 a
20%
45
"
45
page
50%
49%
50
227.
110
,
20%
45
45%
*62 Va
45%
66
HI
*
v
U
S
Hoffman
5%%
159
4%
34%
24 Va
—
conv
Industrial Alcohol—No par
—No
Co
preferred
Foundry
U S Playing Card Co
U S Plywood Corp
*U S Realty & Impt__
U
_J—20
44
72
200
50%
*20%
45
20%
45
49%
110
20%
*42
50%
110
20%
47%
26,700
1,900
900
100
U S
13% Mar
;
13%, Dec
v...
July 16
Jan
*
10
Mar
3%
44 V» May 20
100
107V* Jun 30
15% Apr 29
—
—No par
Co—
I1,-,i. y,im
i
ii'i 11
39% Mar 27-
-25
preferred
i
)
■
in
l,
A
'
>
i
ii
r
n
Um
it.,
i,
Dec
5
30
3%
51
■
Dec
60
May
5% Jan
4
16
Vb
Apr
2%
Dec
-
•2%
25
83
Dec
29
8
11% Jan
26
6
Dec
Jan
117 :
•
4
a
Jan
93%
V
Jan
14% Nov
4%
Dec
Feb
3!/2 Jan
87
Sep
Nov
10%
Dec
8ya
,
5% July
42 ;
79
Dec
100'/a
•
33 % Jun
Sep
•'!
V
July
Oct
'•
54% July
7%
19
Dec
Dec
170
July
13
Feb
37%
9
%
July
Jan
69%
183
Apr
Jan
Jan
5
6% Jan
14
Jun
17
33
Feb
43
34% Jan
27
20
Apr
33 Va Aug
3% Jan
20
172
40
4%
J
9'/a
Feb
2%
Dec
13 % July 15
5%
Apr
10
54%
Feb
114
Jun
•'
'20
V4
Jun
Jun
4% Aug
10%
105
Dec
Sep
Ost
Feb
2
25%
Dec
24% Jan
25
18%
Apr
26
11
%
Dec
9
13%
Dec
28%
July 7
51% Jan 14
58
Dec
103%
Sep
43%
Dec
65 yB
Apr
69
Dec
76%
'
31% Aug
34 Va Feb
Jan
26% July
30
1
Mar
19% July
71
—No par
Steel Corp—
Preferred
'
Apr
3
Apr 28
58
Jun
20% May
27
6
84
—50
Ref & Min
6
54
27/e
1%
Feb
5
Mar 10
21V* Apr 17
100
—50
1st preferred——
U S Tobacco
1%
26% May 1
20
Apr 27
% Apr 17
t
—10
Preferred
44
*63%
8%
'
—10
1
-No par
Rubber Co__—
S
U S Smelting
46
'
8cp
x\
2 Va Jan
Apr 27
Jan 30
Apr 28
99
Jan 20
22% May 1
100
-
,
U S Pipe &
800
66
Jan
6%
3
2% Apr 28
7
Jan
2
par
No par
Partic & conv cl A_
1,600.
44 Va
30%
0
1
3
6% May 14
40'/4 May 13
May 1
—No par
—20
——100
Mach Corp
5
preferred
50
7%
84
66
V
Paperboard
—10
; 3
Mar 12
U S & Foreign Secur______i_No par, ,
2V2 Apr 17
$6 1st preferred..——---.No par j-f 77Va Apr: 9
U S Distrib Corp conv pfd:_
1100
17
Jan
7
19
110%
45
10,700
Jan
5
United
13%
49%
*44
1,700
1%
27
83'/a
109%
20 V*
.
Dec
4Va Feb
19%
51%
20%
%
.
5
17
84
110 %, 110%
50 %
200
23%
%
:
Sep
30
18%
82
45
13
Sep
21%
106% Jan
82%
19%
81%
29
*23
23
52
Dec
•."••15% Jan
;
Prior
.'
Dec
15
11% Apr 28
U S
600
35
3V4 Jun 1
93% Mar 27
U S Leather
:
9
26
No par
_No par
Improv't—
Gas
United Mer & Manu Inc
Feb
July
Feb
t r.___—I
United
>■'$5 preferred
Jan
14% July
113%
46
3% Mar 11
United- Fruit
Jan
20
;
34V2 May 12
—1100
Cos.—.115
United
Freight Co—
.
26%
*26
*27%
29
%
%
81%
109%
20%
23
23%
26 Va
*
'
114
*106
112
26%
26%
*27%
45
49%
see
tf
64%
109%
*44
23%
*%
114
26%
18%
45
65
29
*22%
Y
82%
"82
*62
*108
26%
*27%
%
18%
114
26 V*
Dec
28
A Jan
>
Jan
17 Vb
Dec
15
par
'
*103
8%
108%
6% Jan
Coal
'
-
July
44%
May
5
16% Jan
—___No
Gypsum Co____
preferred
•
28% Dec
V' *9%
July 15
Mar
4% Apr 15
1% Apr 28
11,000
13%
13
J-
'12% July 15
Inc
_5
United Dyewood Corp_—_______ 10
4,600
3%.
3%
31
Sep
5
United Drug
2,500
29%
29 Va
8a V*
Dec
2
180
y
Dec
6
—*
U S
•
73
24%
Jan
Corporation
U S
y■___
:•
Jan
11% Jun 25
120
40%
Sep
85%
104% Jan
Corp_—_No par
400
,.
16
Dec
y36%
23%
89
7%
9%
—100
3,100
7%
52%
170
5%
*5
5%
39 V*
5%
*37 Va
400
:
31%
52
170
200
..
80
7%
53
172
-
3
*27/8
52%
600
6,100
;
3V2
30%
'
*37%
3,700
f
14%
•V- *79
31
7%
3%
100
*3 '
*169%
53%
171
1,700
14%
'
79%
28%
7%
-
3
*2%
79%
;
28%
53
170
*168
...',
80
28 %
30
*7%
8
52 V*
"..
.
3
*79
3
*79
3
'
:
14%
14%
14%
,3
3%
*29
170
169%
14%
14 %
30
52
53%
14 %
*3
3%
*734
8
8
53 %
*170
.:
•
100
r
55% /
3%
3%
100
*98 Va
28 %
55 V*
56% :;.r
3%
100 '
*27
27%
56
3%
3%
*98
,27%
56 Va
55%
98 %.
80
*78%
*28 %
30
y;
28%.
*27%
;
3%
3%
98%
3
*3
3%
80
14%
14%
3%
"
98%
98
■
14 %
*3
3%
3%
3%
98%
*98
.
Dec
6
No
—
112%
Dec
11%
24
Co————No
$3 preferred.'
115% Nov •
57%
No par
;
Jan
106 V8
% Jan
United
V
111%
6
Feb
1
11%
Sep
5
3°.
7
Fast
United-Carr
Jan
79%
29
8iy2 Feb
Co
preferred
Sep
12%
Jan
22% July 13
—5
preferred——
,100
—_______5
Biscuit
United
37%
Feb
77% Feb
74V2 Jun 17
par
Un Air Lines Transport
United
r
18%
1
conv
x
Dec
Dec
13% Jan
:
United Aircraft Corp
...
5%
46
*17%
.
Union Tank Car—A—No
110
;*44 V4
Ji'V
a'a
a 2
A
.-
18%
;
12 % (•'
12 ■%
*106
46
*17%
n
A
;
110
P. *44%
18 %
93%
y.:,
14%
46
33
14%
26%
y>;
.
108
'
July 13
_________100
_25
Pacific RR Co—
preferred-.
4%
400
113
100'/a Mar 24
10
May 1
63% Jan
2
2,200
800
3
60
5
100
series,__,«-No par
Union
7
26%
12%
yp
27 %
-7
9
9 V4 Jan
58
pfd___No par
Union Oil of California--—
76 Va
*92%
27
93
12
*106
<14414
ft
39% July
74% Jan
2
7% Apr'17
Apr 28
-108
May 6
V
„~*~^-No'paf
Carb—___No pat
3,200
•
24
*23 Va
26%
15
71%
V
76 Va
■
23 Va
93
,,
V
110
*173'a
18%
71%
•
77
23'/a
12%
14%
''
110
*17%
•
■
311
14%
14%
;
P
93%
12
'
'2VA
93%
11%
*106
17%
17%
sL>
-
.
46
*4414
46
60
-
105%
11%
y
11 Va
71%
*76%
27'/a
94%
11%
110
*106
*1718%
*93%
14%
14%
14%
110
*44 lA
27%
11%
HVa
*13%
"103
v
94
y
94%
*94'
Union Carbide &
'
22
70
Union Bag & Paper
6,300
69
*112
•
.
105
" 68
■
112
.
8% Vr
*8 %
"
•
'
"16V*
2,200
Elliott
*
8%
112
A;
Fisher Co_____No
3,400
36%
36%
36%
36%
8%
'
69
68%
*112%
ii.:
36%
36
8%
%
8%,
8%
104%
104%
11%
v
;
; 113
>112 y*
11%
%
69 %
68%
69%
69l/a
8%
8%
y
36
36 V4
y 36
36%
36
;
Under
Jan
19
55% Jan
119% Jan
13
105%
Dec
Jan
5
19%
Dec
46% Jan
14
Sep
2% July
24
3
47
42
Dec
Mar
Sep
70% Jan
130
Jan
33%
X
Jan
50%
Nov
;
THE COMMERCIAL & FINANCIAL CHRONICLE
Volume 156 > Number 4091
LOW AND HIGH SALE PRICES
Monday
J per share
•Tuesday
; July 13
Saturday
July 11
$ per
$ per share
STOCKS
Wednesday
July 15
July 14
•
Thursday ;
July 16 '
%
.
.
*%
.
%
/
.
"
23
?ii!
•11
*■
*12
13
50%
X51%
51
•
•*143
'-145
*152
156
*%
•
i
156
J
8%
24%
24
24
16%
16%
17%
17%
*8
'23
21
>115%
•
*22%
'
116%
*36
>23 V
'•
53
.
*8
*35
38 :
*57
75
*57
-
*12
*48
-
n
■
,
10
*22
23%
*22
23%
*22 «'•>.
■
,*n6
116%
'
38
*36
#22^"
- H6y*
'V 38 v X
>
7.5
*57
22
22
S V2
116
■■
1
9
42%
Dec
12
July 15
14% Jan
5
12
No par
41
May
6
52% Jan
142.., Apr 24
150 % Jam
147
159
i
•i
'
Tob
-
T,
7
Jan
% De o
14 Jan 19
Apr 30
100
No par
.14 Ml Jun 25
__2,50
7 M» Jun 24
19
Mar
9
^
Van Raalte Co Inc
•
: ' % fan* 2
22
Jan 20
Preferred
"Vanadium Corp of Am
Van Nosman Mach YooL
Jan
1% Jan
1%
Sep
16% Jan
May
,
43% Nov
6
Jan
62
64
Sep
6
140
May.
157
Jan
21
133
Jan
162'
Oct
^
y Jam 30
& Jan
40
'7'%-
X >
6
15
20% Jan
3
15% Dee
•11% Mar
2
8% Dec
15
Mar
,24% Jan*
.
1st. preferred-^.^:,^^._100
Vick Chemical Co»_^__.
f
>-cz
i
5%
112% Jan 12
.x5
Vicks Shreye & Pac fty,. i„. .;
7
20% Aug
1 11 Ma Dee
28
July
Dec
34Mi
116
Jan
Jun
45
Aug#
July
19
55
Jan 19
57
Mar
57
Mar
,57
July 10
66
Aug
66
Aug
25% Jan 19
20
May
53 Mi Feb
preferred
116% July 15
.31
Apr
JulyiO
30
100
% Aug
-
29 % Feb
*
'
75
■'
1
¥adscofrSalea---,-_-^UiJL.--N1o par
500
<
v
38
•
Dec
Feb
$ per share
■
200
!
.22 %
*36 ">>'
*57
&
44
.
.Wo par
—
>1,700
*49% VS3
'75
-
*
116
1
% Apr 15
'34% May 20
30
I
)
17
v#g if:
'
*49 % ' :53
v
'*25>
v
.
22 Ma
52%
*49 %
„
25
% May 25,
5
preferred
Universal .Leaf
-
156
Highest
$ per share
$ per share
«.!
Stockyards Corp
conv
Universal-Cyclop® Steel Corp
,350
149
;:i7 •*
8'
*57
'
*
r.
.
United
United Stores class A
200'
'
t per share
Year 1941
Lowest
Highest
8% preferred
ina
Universal Pictures 1st pfd_„>_™100
.
$6
51%
.
*
.*152
;
600
13
■..,#143
17%
8
.
o*\
*36
75
'
*49% -54
'•
17
•
.
8%
*
1-16%
,
52%
75
'
*8
116%
-
*49%
■
52
1156
'<
25
'W/s
-
/
23
*57
17
23
-
*115%
-38'T
*35
*152
'.
*23 Ms '425
.
■8%
*22
.
>115% 116%
38
Ms
'
••8%
*50%
>M3»> 149
<
400
%
42
'
■
Lowest
Shares,
%
*42
*37
■'
13
■
■■
■
.-
Range for Previous
On Basis- of -100-Share Lota
Par
Si 300
*%
24%
I 8%
■
EXCHANGE
43
A
/' iV
52
M 156
*152
42
"
*12
149.
*143
14'S\-'
•
*152
%
."
*37
■
13
*50
.52
;.145".
.
156
;■
■Mi
42
39
*12
16%'
:
*16
*49
*152'
%
%
42
*37
'26 Mi
-•'■
*24 Ms'
>
51 Ma
52 •"
*143.-.' 145
%
.42
.12
12
13
%
,
43
*37
'
43
•♦37.
.'
*.A2
AH
*J2
43
NEW YORK STOCK
■$ pex share
'
*37
*
July 17
3 per share
$ per share
share
Range Since January I
,
Sales for
the Week
Friday
221
57
41% Jan
1
39%
6
'
*22
.
1%
-
*114
.
*1%
2
35%
1%
36
34%
,
}
36
114
* 115
*1%
-
2
■
>114 Mi 115.;
*114%
-35%.
lis
114%
*21%
•1%
35%
'23%
•M%
*1%
35%
35
V
i
-
:
*21%
*114% 116
23%
100
i%
.
i
i
500
i%'-
35%'
:
35
1.
34%
35%
t
*114%-; us
..
Victor Chemical Works.^-..,
^._5
Va-Carolina Chem__j
^_No par
*25
15%
*13%
15%
*25%
*27%
28%
#75'
*13%
16%
'26
*28
26
#25%
26
28%
77
*13%
15
15
75
75
>118%
26
*27%
28%
77
*75
*118%- 130
*7%
7%
7%
20
.'■7%
20
*19
'
*25%
28%
28%
*14
*75
-
15
••
100
i
„
Va Iron Coal & Coke 5%
20
*7%
8
*19%
20
"
130
•-/
.4,
'*7%
-
*19
77 "
28%
-
•*7577
•
*118% 130
r
I
•'
*25 % i 26
>28
.'7'#27%
*77
*118%
130
t
25% '25%
'
'
*18%
15 '
1
Jan
2
110% May
2% Jan
•
36
19
27% Sep
Dec
2%
s
,
ioo
116% July
,
pfd—_100
14
Jan
24
Apr-29
31% Jan 20
30% Dec
,—25
26
May 22
29% Jan
7
29
Dec
.—100
70
Jun
.96% Mar
5
89
Feb
105
Nov
.—.300
120
9
135
Mar
143
Jun
Virginian Ry Co—.
■f, 6%. preferred-.
j;
100
io
Vulcan"Cetinning Co—.
*'
*118%' 130
Preferred
Jan
28 Mi Jidy
Dec
314
115% Feb 25
4
Mar
%
,
18% Dec
July 11
3
19
11
Jan 29
Dec
-
23% Sep
'
*118% 130
'
is
"22 Ma Jan^ 8
:
'
■
18% May 26
6% div partic preferred-,
.„100
Va El & Pow $6 pre!
„_„Wo par
•5,500
■
....;
24
Mar 11
138
Jan
42
33 Mi
Jan
Feb
'
'
g
7%
*7%
'20
'
*19
"7%
19%
Vultee Aircraft Inc..;
-7%
'
19
•
19
'
1
6% May 22
..JVo pat
16% May 22
—
$1.25 preferred—
10% Mar 25
Apr
1
25
W
22%
22%
22%
8
*7%
*7%.
*17
17%
*97
100%
*3%
34%
15%
*3%
<
■
-
*%■
22%
".3%
5%
100%
>3%
'%
*21%
5%
100%
5%
5-
V 4'
3%
#3%
%
-
3%
*3%
•-#%
'
5%
,
'3%
•
*65%
67
67
*65
67
■'
•#%
22%'
5%
■
.
*%
u
1
*22%
26
26
*21%
1
*19
*25%
*%
*%
26%
*%•
*22
67
*%
:,#%
*23%
26
*22
25
25%
25%i
26
*23%
26
25%
*25'/«
27
14%
14%
•25%
14%
14%
14%
*12%
13%
*12%
15%
2%
*66
44
*66
*41
44
44%
59
*59
*60
*52
."57
107%
107%
,
13%
*12%
68
m
52%
-
:
*65
107%
107
13%
*167
13%
.
1%
."•——Wo par
100
preferred
,
$3.85 preferred——Wo par
15%
15%
15%
2%
2%
10D
tWarren Bros Co
No par
300-
12
300
Waukesha Motor Co
12%
12%
*12%
12%
*98-
104%
15%
15%
15%
5% /■ 5%
5%
*%v
*%.-
*2%
>
;
.
<
%
*24% -25%
*2%
2 Mi
2M*
2%
2%
>
5 Mb
24%
*5%
5%
5%
,
r 6
;.
%
,24%
24%
25
14%
24% \
*99
15
15%
15%
v
15%
'.{• 71%
71%
14'/e
15%
v
*118% 119
*24
25
28%
28%
■
70%
70% ' 71%
71%
71
:
*5%
15%
119
>118
119
25
25
25
25
*24
25
'
69
■
.
50
i
58
»
I 170
56
107%
•
■
Eisenlohr—
.—Wo
$4 conv preferred
44%
.58,
-
*51
*
-
v 13%
#99
.
;;
15%.
,
,15Mb
400
preferred
West" Penn Pr Co 4Ma% pfd^.a.lOO
West Va Pulp & Pap.Oo—Wo par
r;
165
*104
wis
*40
50
*40
50
*4.0
*79
82
81
81
*81
84 Mi
*81
84%
*81
84%
*81
*22%
22%
22%
22%
23%
*22 Me
22%
61%
(61 %
*61
61%
*61
€1%
■61%
61%
13%
*13
13%
13
13%
13
13%
13%
13%
*12%
1% July
38
Sep
23% Jan
*
28%
22%
Unipn
Telegraphy
Westinghouse Air Brake.
600
Westvaco Chlor ProcL—
240
i ~io
Wheeling Steel Corpi
■i,;
13%
6i%
13
f
13%
32,300
>4.300
White Rock' Min Spr Co
White Sewing Mach Corp
-
80
$5 conv prior pref__
White Dental Mfg (The S S)—
300
Feb
3
65% Mar
25% July
74% Jan
Jan
22
Jan
8
99% Dec
115
93
Jan
8
89
Nov
a07% Jan
113% Jan
112
Mar
117% Jan
Feb
9
6
15
Dec
104 % Jan
2
104% Apr
,16 % Jan
3
15% Dec
91
18
3% Jan 27
t
6% Jan
28
1%
106% Jan
Jan
20% July
107
Oct
29% July
Dec
4% July
4% .Dec
$
& Feb
July
1Mb May
18% Feb
y
31% Nov
5
15-
Dee
•••
24 Mi
6
71
Oct
105
Jan
Jan 28
118
Dec
141
Mar
81 Mi Jan
127
Dec
2
.
29% Feb
2
11
31% Jan
6
Mar
88
41 Jan 27
27% Apr
1.9%.Feb
13% May 27
22
Jan
,106% Jan
-
'27% Jun
27
July
34% Jan
8
7
105
Apr
50
Apr 18
50
Apr 18
•60
«Au g
65
Aug
July
80
July
93
Jan .22
65
Dec
100
Jan
19Ma Jun
White Motor Co—U.-i———1
13%
:
16% Max
20 Mi
104
18
100% Jun
_._No par
No par
*12 Ma
4%-. Jan
6
70
63 Ma Apr 24
No par
*61
May
117 Ma Apr 29
23
Apr 28
Instrument——12.50
.
1,100
l*k "Dec
,
'
$4.50 preferred—.
;
—Mo par
Wheeling
L Erie Ry Co
:
100
5% % conv preferred—..—100
Elec
10% Dec
20% Jan
May 18
102
173/a July
16Mb July m
2% July U
% Ma y 18
~
)
;
Dec
23 Ma Feb
„No pat
>
22%
Dec
10%
1;
12 Ma May
6:
99 Ma May 28
12 % May
9
2
Apr 28
>" 4MeMay20
"
.'—100
Weston
84%
,r
Western
200
50
•
Feb
14
5
u
Westinghouse El & Mfg....—;
50
1st preferred
————50
4,400
1
25
2
Western Pacific 6 %, preferred.'—100
•
'2,900
104% 105
13
13%
13%
•13%
200
25%
>27%
28J/*
105
50
6^ preferred..
..100
Western Auto Supply Co_j—
10
i
^Western,' Maryland..
,—.100
-,j.
4-% 2d preferred—.—_u_. 100
400
119
25%
105
13%
Deo
21% Oct
Feb
Apr 25
41% Apr 27
36
Apr 27
——.^_100
...
;
] 3,000
71%
*118
-
25
*40
13
\
•%
15%
76%'
71%
119
«
*104
#13
77
Feb
13 Ma Feb
34
West Penn El class A..—.—Wo par
7% preferred..—.„^.-_._..a_100
*
I
e
*ti.
25,-v K25%
50
13%
Jun
% Dec
0
26% July -8
39% Jan
8
59 Ma May 20
Wo par
6%
160
] 2,500
I 600
x
,2%'
*5,
;•,
25,%•:.".
f
105
61%
lM'a
26% Sep
6Mb Deo
9
27
19
15
•
15%
2%
2%:.
5,%,-
*43
61%
18
July 14
% July
12
;
164%
.
*104
*12%
% Dec
2% Feb
53
Jan
13 Mi Jun 16
;,'
80
I
I
107%
:v#'13>
16
50
22%
Jun
25
Wesson Oil & Snowdrift—:_Wo par
105
22%
8% Sep
13 Mb Apr
Jan 16
26% Jun
6
400 «•"
*40
22%
2
15
17
*104
i
1
Jan
1% Jan
*66
104%
*27%
27 %
27%
28%
*27%
27%
Sep
15 Mi Sep
1% Jan 29
2
U Jun
11 Ma Jan
•
*42%
"15%.
*118
*24
27%
6 Mb Jan
36
r
Feb
2Mi Dec
3
8
5% Jan
74
.1
Webster
..
.12%
.-
70 %
*118
*23%
22Va July
.
par
Wayne Pump Co
200
.
72
'
17
3
900
•
119
*ii8
Dec
XI2M4
,3% May 0
14 Feb 18
Jan
16 Mi
.
24.%
V-
*
15
■'•■
3A
*%
*,8/a
24.%
%
■
.
5
May 14
19
5
■'•2%
i
io7%:
15%
Va,
*2'%
44%
56
*107 .r-
,200
15%
:
58%.s
'
•
,
17
69%
12'/«
15%
■
1.05 MB Jan
25% May.
16
4
Feb
Ma Jan
;
Warren Fdy & Pipe——^JVo par
Washington Gas Lt Ge—
Wo par
'■"
*57%-
107%
15%
'
*51
107%
27
17
*43
44%
57 1
—.
$3 preferred,—Wo par
Preferred receipts..j,.'—
'
26
'
*66
Receipts
,
*15-
'2%
104%
*98
,2Mi
15%
9% Apr
22% Jan
•
Jun
3
5
Jun
15% Jun
4% Apr 127
X65
'
104%
*99
103
*98
'36
22
% May
16
Warner Bwws Pictures..-.....—.-5
*25%
15%
'60
*52%
107%
12%
2% Jun
par
#24
*2%
17
52%
:
96%
■
27
.
15%
IS"-■'
*15%
:
69 Mb
60
26
'
J
*%;
#23
*25%A- 27 >*':
*14%
-17
*43
60
*
52%
4
Baking Co cl A——Mo
Class B—
13,400
I", 30
>;■ %
1
26
*12%
2%
*66
5
Mar
4 % Jan
3% Apr 23
300
!'5%
€7 "
•
12
•
94
*24
;
16
'
'
/2
❖
13
#2%'
.
-
1
14%
•-#16%
43
00
,«■
v
>
,
69%
43
53
16
2%
18
*16%
*66
<
#12 Mi
15'A
•
#2'%'
17%
•
13
*..'15%
•2%
*16%
68
"
12%
15%
*2%.
17%
17%'
25
Xl4%
13
15%
15%
2%
*%
1
26
*%
*14%
•
#7,0
'8
*23
102
15%. Dec
'
,31% Apr 17
13% Mar 23
Ward
22J/2
•
5%
<(■
-
4
18% Feb
97% Jun 19•
190
par
%
22%
•
5%
,.y .67 ' ■
•
•
6 Mi Dec
7% Jan 17
(
Apr 23
•
.:•#%;'
.%•
i'ii 22%
■5%
67
30% Jan 26
2
6% Mar 25
16
*
:'-*3%!'-3%
•-•-.3%
22%
*65
21% July
100
par
.par
Walk (H) Good & W Ltd—Wo par
Div redeem' preferred
No pat
15%
'
*65
3%
^ 34%
*15% ;
5%
,
100
*34
■
15%
22%
22%
.
Waldorf System.
——Mq
Walgreen Co—
—Mo
f
4%% preferred with warr.
Walworth Oo_
Wo
'
34;
•
*15%
'--a\l
17%
100
•*
4
•
34-
•15%
■
5%
3%
.
Wabash RR preferred—
; -7%
"
n
17%
101 %
V
'22%
#6 %
17 Mi"
•
:..7%
'
■
34%
?'•-
*35%
'
*21%
5%
3%
-"'34
15%
-
..#%
22
;
34%
*.
*100
22%
22%
v
*6%
"*17%
4
*15'/8
*%
*■21%
7%
'-17!%
4
*33%
15%
'
*3%
3%
.
••V: 22%
22%
'7%
*17-
102 Mi
*98,;
3%
22%
7%
17%
33%
;
*15%'
'
*17
102 Ma
33%
22%
-
7%
/
17
3%
4%
*33%
*15%
■
8
*98
r.
-
22
22%
17
9
25
58% May
12 Ma July
20
12
Jun
27% Feb
%. Apr
.36% July
112
21% Apr
4
,30% July
9
60% Jan 29
58%
8
15
Apr 17
15% Jan
5
10% Jan
15Ma July
10%
17s/a Jan
25
Dec
78
Dec
Jan
'
>*3%
3%
*2%
*3%
V2%
3%
*3%
.
i*2%
2%
2%
.
\3%
3%
2%
:
>
3%
2%
1*2%
3%
.
3%
2%
40
*30%
40
*30%
40
#25
40
*25
40
*15%
19
*16
18
*17%
19
18
18
*18%
19
*1%
2%
1%
*1%
>.V.
2%
2%
i
*2Ms
2%
1%
1%
1%.
6
6
6
6
6
4%
4%
4%
4%
4%
4%
4%
*61%
64
*108%
118
20%
*19%
64
*63
*107
20%
27%
17
17
*120
131
*121
131
*110
121
*111
*18%
27%
121
28
4%
63%
118
64
*19%
28
28
'
64
*108% 118
6
_
28
28%
0
03
•
20
28%
f
4% ;
*61%.
#18%
,
■1,700
4%
03 >
20
i
17%
.
.17,
,
17
*121
131
*111
121
.
17
28%
17
17
28 Ma
17
>121
131
*121
131
*111
121
*111
v
*43%
'45%
' 49
*46
<48
*85
95
*85
S3
*85
90
*85
90
52
52
*51
52%
*51
53%
45%
*42
" 48%
*45
49
*43
*45%
*19%' 20
11%
*115
*6%
.32%
*79%
#8
*14%
*1%
'
11%
117%
.
19%
6%
32%
81
'8%
14%
2
6
v
11 Ma
11%
117%"
Mi
*45 Mi
*19%
19%
11%
*115
>115
32%
8%
14% r.14%
*1%
2
12
6%
<
6%
32%
*79
81
*8
20 V*
117%
31%
6%
32
*79%
44
43
45
■
81
8%
«
14
8%
14
1%
1%
11%
;.6,0Cte
6M1
' 6%
32%
33
*79
66
1%
48
53
X52
19% ; 19%
11%
11%
*115
j
14 Ma
1%
14%
*1%
19 '•
UMa
32%
8%'
14 Ma
2
-
s
Special sales,
,
x
6% Dec
3% May 13
6% Jan 20
4Mb Dec
7
Sep
77
Sep
115
Nov
56
Tate. it Towne Mfg. Co^—
Yellow Truck Ac Coacfh cl B
60'% Dec
109% Oct
19% Dec
28% July 16
23% Dec
21%Jan 28
108% July
1
24
18% Jun 25
21 Ma May
7
7
73% Jan
May 25
107 Ma Jun
_10
Woolworth {F W) Co——.—10
Worthington P & M (Del) —No par
U7 Ma
117%
Preferred.
—
#6'Mi*' ' 6%
.30% r-32 i
-
*79
'
81
6
Jan
13
2%
,
2Mb
Jan
34% Jan
16
Dec
121
July 17
98
Mar
147
111
117
Mar
3
85
Jan
130
14 Ma Jun, 22
Feb 13
42% Jun 17
54
47% Dec
Jan 26
50 Ma
67% Jan 26
44
Jun
80
Jun 23
104
Jan
15
39
Apr ?4
62
Jan
5
20
July
9
.
15% Jan
3.._25
May
,33% Jan
118 Ma May 27 :
I.—1
10 Ma Ap t
100
111 Ma Jan
9
2
28
Dec
86
Apr
50% Dec
15
Dec
lOVi Dec
13% Jan 14
3
120% Mar 17
•
*8% ' : 0%
14%.
*1%
500
2,200
,
2
Zenith Radio Corp....
Zonite Products Corp..
...;—1
t In receivership,
a.Deferred delivery,
b Name changed from Union Premier Food Stores, Inc.
Ex-dividends., y Ex-rights., 1 Called for xedemption..
,
.
.
.
.
......
*
109 Ma
25 Mi
July
Aug
July
73% Aug
75Mi Aug
122
July
80
22%
Jan
Jan
17Vi Jan
May 14
12% Jan
8% Feb 19
1% May 21,
g Name changed
120
Jan
12 Mi
Jan
29
42% Jan
Dec
95
Aug
9% Dec
J8M4
Jan
Dec
15%
Apr
1% Apr
5
Dec
76
64
7
-
Jan %2
Dec
5% Dec
7% Jan 19
37% Jan 13
Jan 14
78
No par
1,100"
14%
5
Apr 23
28% Jun • 3
Youiig Spring it Wtfe—par
TouhgstownS & T
.——Mo par
5%% preferred series A^..
100
Youngstowii Steel Poor_—__M« par
^Bid nnd asked prices; no sales on this day,
stock.: I* Gaslt sale.
1% Apr
,3% Apr
*
81
1
1% Dec
5
400
'11%
Jun
3
•Prior pfd 4Ma % Cqnv serles___100
Wright Aeronautical—^
—Wo par
Wrigley (Wjbi) Jr (Del)
—No par
,19%
-
26M'a July
6% Jan
200
?
Dec
'
6%"
6%
.32%
*79
8%
"
1
"117 Ma v
52
•
18%
22% Jan 13
I'/b Jan,
¥>
■
July
5% Jan
54 Ma
,2% Jun 18
V>% preferred A
,.—.^..^-100
6% preferred B...
—100
Prior pfd 4M2 % series.
^_100
90
r
-
■; 8M(i
Dec
Feb
1% Apr 15
6
■
f
45%
*47%
*85
8%
8%
.14 %
*43%
48
90
2Mb
1 Ma Mar
-
iWo par
6% pfd—100
Woodward Iron Co——
.
2% Dec
41
12
4Mb Apr 29
1
,
I
121*
53
-
f 1,000
,
•45%
-11%
117%
*111
45»/4'
17
121
,
*85
20M4
*19%
*115
121
121
*•43%
53%
53%
*
.17-'.
.
-
66 preferred
Wisconsin El Pow
•'•
Jan
^^10
—5
.
Wilson & Co Inc
10
May 6
15 Ma Apr 23
No par
Motors
&jb- conv-yrfifprred-..
300
f
4Mb July 17
3% Jan 27
53
40
...——20
Willys-Overland
>5,300
-
preferred-
6
Mar
1% Apr 29
;—1
Wilcox Oil & Gas Co'
11,800
'
*16%
Prior
300
1%
3
No par
$4- conv preferred——.....Wo par
^.
6
108% 108 Va
;
400
100
2%
1%
*5%
-
5
i-
•
16%
*2%
-
■
.
118
*18%
28%
40
4%
*61%
*107
20
*18%
1%
*5%
4%
63"%
118
>107
20
2%
1%
1% 'rl%
6%
"
2%
#18
2%
2%
1%
*5%
*1%
"•
4 Va
*2%
*25
3%
>:-:2%
*30%
3 Ma
Oct
8
■14% July 9
2% Jan 26
from General Theatres Equipment,
,
n New
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, July 20, 1942
•
Bond Record «» New York Stock Exchange
FRIDAY
and
week
the
The italic
"and
are
Last
Interest
Stock Exchange
Week Ended July 17
or
4'As—;
...1944-1954
3%s__
3%s—
3%s„
3'As.—
3%s.._.
3'/8S—
Treasury
Treasury
Treasury
Treasury
Treasury
*115
'
■
104 <
*102.16 102.18
J-D
A-0
*103.2
103.4
103.7
104.4
104.4
104.4
*107.11 107.13
107.18
109.14
2%s„
2%s._
Treasury 2%s__.
Treasury 2%s__
Treasury 2%s
.1955-1960
Treasury
v
*
'
M-S
M-S
7s
_1951
M-S
—1958-1963
105.9
V
•
5s of 1904
_1944
25%
26%
29%,
29%
31
27%
26%
Af-S
External 5s of 1914 series A
1948
2%s__.
.1949-1953
Treasury
2'/2s__...I.—.1950-1952
Treasury
2'/2s—
Treasury
2%s__.
2'/2s
2'/2s_- /.V
2V*s—
2%s__
2y4S—
106.9
|
-
105.9
*
■
^1949
F-A
*107.16 107.18
*108.20 108.22
107.2
108.15
1
25%
12
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*28
i
18%
17
28%
29
18%
32%
30
%
*109.30 110
108.16
:
APublic
*110.14 110.16
108.16
\
104.31 104.31
104.31
105.25
106.17
107.7
*106.15 106.17
'
,
—
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«
»•
.
'
105.24
106.23
—
M-S
1956-1958
Af-S
1962-1967
J-D
.1967-1972
M-S
101.6
V-
1954-1956
r-n
•
,
100
103.14
103.27
1940
5'/2s_.
.1940
Treasury
2s___. ......Dec
15 1948-1950
*104.14 104.16
103.27
106
115
15
21
20
*100.9
100.11
100.28
20
1st
100.9
100.11
100.3
100
103.24
;
A El Salvador 8s ctfs of dep—....1948
J-J
J-J
(Republic of)
unstamped..——
61%
70
65
70
8
14
6%
13%
13
'
/f1-.
; *10
'
;
13
68
*ii%
1
:
68
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■
H
*82
;._V
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•
•
J-D
15, 1949-1951
/
,
Greek Government—•
'
v
I A 7s part paid- Xa.——.
1964
A 6s
part paid———_ 1968
'
Treasury
2s__„
1951-1955
Treasury
2s____
1953-1955
'
J-D
.
*.
j-D ::
...
>
L
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85
85
' Vh
9%
•*8
9
8%
Federal Farm Mortgage
:
.v.
3%s
;
Corp—
•
^
1944-1964
1_'_1944-1949
-
-
-
3s
11
11
•
/
5
103.23 103.23
I Jh-S
1
103.23
103.23 103.23
8
66
A-0
f 6s series A—1952
Helsingfors (City) extl 6%s^
--I960
A
Irish Free State eXtl s f 5s_—:1960
M-N
78
A Jugoslavia
A-O
1944-1952
.1
l%s series M__.
Af-N
J-D
.
AHaitf (Republic)
s
York
New
City
*101.13 101.15
Corporate Stock
8%
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Mendoza
V
-102% 102%
v
A
r
>
'
AMexico
Agricultural Mtge
&
sink fund
6s^__:
J-J
—;__1945
AExternal
s
s
f 7s
__-_1945
f 7s series D_
AExternal
AExternal sec s f 7s 2d series_„„1957
AExternal
sec
s
External g
s
External
s
•
•'
J-J
*12
A-0
HI *12 V
A-O
*12
'
•
32%
-
A Sec
94%
M-N
12%
A Montevideo
10%
•■■■
14%
External
29%
External
94%
95
65
88
47
71%
95%
83
26
22%
36%
21
18%
34
36
18%
34
1952
1957
1958
1950
J-D
33%
33 'A
33%
14
*61
63%
_1976
1976
F-A
63%
63%
6
A-O
64%
64%
2
66
66
*42
46
1960
A-0
(City) 8s__
External s f 7s
A 6s
19
M-N
A Extl
A Chile
A 6s
1962
1963
A Chilean
A 7s
J-D
*14%
J-D
*15%
J-D
14 %
A-O
15%
5
15%
12
*15%
15%
147%
16
14%
14%
M-S
14%
14%
M-S
13%
13%
A-0
of
1927
Jan
1961
J-J
1970
A-0
see
ASao Paulo
13%
17%
12%
17%
14%
233.
.
■
89%
84
91
2
53
58%
51%
58%
50%
Af-S
.■
'63%
103
57%
:
50
60
l:
27%
42
64%
■
65
.
'
70
57%
1
63%
65
57%
■-
66%
101% 103%
104
13%
13%
Af-S
',
y
12
.
•
V
14'A
8%
M-S
12%
12%
5
7%
15%
J-D
12
12%
3
7
15%
A-0
12
12%
16
7%
15%
*5%
10
J-J
>
16%
14
17%
13
17%
17%
13
13%
17%
16%
70%
16%
12%
16%
14%
16
1
13
16%
extl
s
f
14
15%
11%
15
14'%
14 Ye
1
12
15%
47%
3
39%
16%
16%
40
40
27%
external
secured
A 7s
series B sec extl
—1968
.—1940
(Kingdom)—
1962
1962
extl 7s
48
29%
37%
26%
A-0
62%
62%
*6'A
*5%
29%
54%
66
4%
7%
4%
7'A
7
*5%
30
20%
8
J-D
25
3
6%
Af-N
8
'
.1958
—1955
F-A
*61
(Republic) extl 8s
1946
F-A
1960
Af-N
4%
*70
AExternal sink fund 6s—
Sydney (City) s f 5%s
sink fund 6s
3%s-4-4%s
External
3%-4-4'/as
External
37/8-4'/8-4&
30
12
63
—1958
16%
-1964
-1979
Af-N
*70
__
'
4%
—
6%
6%
~1
71
71%
30
73
76
71%
73
'
40%
71%
68%
73
Af-N
41
26%
*.«*.
26%
6%
Af-N
18
.
3
29%
*27
J-J
J-D
AExternal
.32
1
27%
71
11
2
A 8s
AUruguay
62%
11%
'
16%
:
16%
16%
74%
53%
59%
($ bonds of 1937)—
readjustment
($ bonds of 1937) —
conversion
extl
conv
56%
55%
1979
Af-N
*51
1978
J-D
*51
58%
32
56%
52%
51%
55
59
57%
52%
■
12
57%
54
60%
48
37%
v
40
7s—
(Prov of)
A4%s assented
18%
16%
10%
2
70%
70
*17%
17%
8%
9%
—
Af-N
Serbs Croats & Slovenes
A Silesia
17
J-J
dollar loan
§ A Secured
V
1
8s—,——1936
16%
16%
A 6s
12
15%
*46%
35%
__
36%
34
4-4%-4%s extl readjustment
1978
F-A
1984
J-J
41%
47
3%s extl readjustment..
—
1958
F-A
>5%
4%
7
1958
F-A
>5%
3%
6%
AWarsaw
(City)
external 7s
A4%s assented-.
*45
47%
—
•
14%
'•/
18%
15%
15%
*15%
M-S
18%
'
2
1950
15%
1
15%
Af-N
1956
17%
5
•.'•_■
15
A
J-D
extl water loan
13
10
*16%
J-D
17%
8%
10%
V
.
A-0
19%
75
10
3
16%
13%
external
16
50 Va
75
*68
A-O
A 7s
16%
8%
15%
F-A
A 8s
1
,
(State)
jASan Paulo
10%
10%
F-A
Af-S
9%
10%
9%
,
9%
7%
5%
2
10
*-.-
18
3
14%
(City of Brazil) 8s
1952
A6'/2s extl secured s f
—1957
5%
'
Af-N
M-N
8
15
14
'
1
*15%
J-J
17%
13%
--mm-.-
9%
9%
J-D
"7%
'
23
*8%
J-J
13%
47
35%
t>__
J-J
-
page
Santa Fe external sink fund 4s—.1964
17%
12%
2
16
Af-N
A 6s
18%
12%
1960
$ bonds
w*..
71%
74
83%
1
'
58
Af-N
17%
13
18
14%
Af-N
1961
footnotes
1
15
A-O
1951
For
2
15%
1960
f
3
15%
,—1962
1967
municipal loan
12%
13%
15%
A7s
13
15%
15%
.1946
1953
8s
Sul (State of)—
extl loan of 1921
——1946
external sink fund gold
.1968
external loan of 1926
—1966
18%
14%
15'%
1961
5s
44
48
58%
f
J-D
15%
—
1961
Oct
s
15%
1961
1928
external
1
1962
(Hukuang Ry)
12
4
15%
5
(City of)
6%s
sec
13
1
15%
20
17'%
_1961
(Republic of)—
.1966
15%
20
15%
1957
of
3s
5
15%
A 6s
Colombia
de Janeiro
A Extl
A 7s
J-D
J-D
;
A6s
1957
assented
Chinese
A Rio
A 8s
15%
Af-N
Cons Munic 7s_;
80
9
'■
58%
58
58%
Rio Grande do
96
Af-N
1963
(City of) 8s
Prague (City of Greater) 7'/2s—1952
Queensland (State) extl 6s__
—1947
96%
17%
15%
1963
—1961
AExternal loan 7%s
93%
15%
•
(Rep)
APorto Alegre
93%
*__
15%
A-0
sink fund 6s
;
I.'''
*8%
3
A-0
assented
('
.
*90%
F-A
Af-S
A-O
7
15%
15%
M-S
1962
assented
A Guaranteed
75
*8%
95%
M-S
1961
a6v2s assented
fund 4%s—
Stabilization loan s f 7s
95%
,
A-O
1961
ASinking fund 6%s
A6%s assented
A Guaranteed sink fund 6s
!
82%
70
■
71%
r
,1947
A4 V2s assented——1968
AExternal sink fund gold 8s
1950
A
95%
*16%
J-J
Mortgage Bank 6%s
A 6s
•
M-N
Sep
97 % 100
98 y8100%
J-J
assented
.1944
.1956
j.———
71
*14%
49%
98% 100%
29
J-J
F-A
AExternal sinking fund 6s
A 6s
95%
F-A
6s assented
17'A
•
Vv.
.
*907/'b
Stamped assented 5s
95%
95%
1961
AExternal sinking fund 6s
a
J-J
Sep
assented
99%
*100% 100%
M-N
Jan 1961
sinking fund 6s
a 6s
99%
99%
J-J
Jan 1961
assented
F-A
A4%s assented
'
31
Feb
.1943
100% 102%
101% 102'%
A-O
67
103% 106%
100 V8 100%
Feb 1961
ARy external s f 6s
59
17
102
1960
assented
*70
71%
A-0
66%
105% 105%
100%
J-J
1960
sinking fund 6s
6s
A-0
A-O
65%
44
Af-N
sinking fund 6s
F-A
,1958
A-0
64%
56
57%
•
12
F-A
assented
A Extl
A
—
assented
A 6s
56
_1942
3s
(Rep)
A 7s
%
78
1945
1961
1944
1967
1968
1954
_1942
1952
—
1
10%
75
.
—
5 A Poland (Rep of) gold 6s—__—1940
A4'/28 assented..;——:
—.1958
f
63
30-yr 4s
AExternal
70
Af-S
Af-N
>
:
/
70
44
1977
J-J
A Chile
36%
5
—
*70
1984
A Carlsbad
66 1
2
65'/4
__
Af-S
1975
30-year
37
61%
62%
65%
1961
f 4%-43As___
2Vis
3 Vis
7-year 2 Vis
30-year 3s
34%
61
F-A
external s f $ bonds
10-year
A
Af-S
19%
4s sink
A
96
33'%
25-year
\
extl s f 5s ser A.1963
1963
Stamp mod 3%s ext to—
1994
Ext sec ref 3%s series B———1967
APernambuco (State of) 7s__
/1947
A Peru (Rep of) external 7s——1959
ANat loan extl s f 6s 1st ser—.1960
ANat Loan extl s f 6s 2d ser~—.1961
95%
7
33%
5s
17%
9%
>
6
67
95%
9
35%
(Dom of)
*78
50
83
__
95%
33%
Canada
M-N
'
83
J-D
7%
'.
V
85
*_
A Panama
35%
4%-4%s—
1959
5
:
16 %
16%
*41
Oslo
33 %
s
*80
Af-N
65'A
33%
3Vo
J-D
A-0
36%
95%
■
"•
16%
16
Af-S
M-S
1952
7s_—
1955
25
95%
ii
7% '.V
'
1958
(City) sink fund 4%s__
61
35 %
External
6
/
K
-
7%.
-
i-'r
'* '
69
58 %
*95 % 100
33%
Refunding s f 4%-4%s—
V
?
69%
A-0
External readj
5%
*55
69
38
A-0
f 4'/8-4%s
46 '£ •v;
J-D
38
9
J-D
s
V'.-
5'A
.7%
5%
1970
18
64
1957
External
11
7
*6'%
J-J
yy
Municipal Bank extl s f 5s
65
62%
.1941
—
5%
il959
6s__—.1
External sink
62%
4
f 6%s of 1927
stamped
-
■
5%
67A
*57%
V
15
f 6%s of 1926.—-—1957
A6s
6%
,
F-A
74%
57
951/2
': 1;
7%
-
5
6%
6%
fund 4%s_i—.—1965
74%
74
73%
;—1955
(City) s f 5s___—
V-
J-J
:
6%
fund extl loan—.—.—1963
63%
65
72%
J-J
;i
82% Hf:
5%
.
•
'
72%
J-D
Sinking fund gold 6s
Buenos Aires (Province of)—
J-D
;
13
v,-
•7%
*6%
Q-J
(State)—
——.—,—;1957
5s
6s
73%
M-S
Sinking fund gold 5s
f
s
sink
73%
J-J
V;
13
8
72
VP
.'-A1-
A-O
1
s
Brisbane
f 5s
s
External
80
A-O
61
(Central Ry)
6%
*
;
—
External
95
80
s
A7s
i
f 6'/2s_.
(City)
New South Wales
14%
18%
F- A
/
Af-N
external 8s
s
series A
AGs
11
4'
25'%
79 %'
80
3
A
6%
5%
""
yM
11
78
/
14%
AExternal
(U S of)
external
Norway external
M-N
■vf
78%
Q-J
...1945
.1954
ASec external s f 6'/2s
14%
10%
(State)—
Minas Geraes
14%
10%
13
•/.
6%
M-N
A Assenting 4s pf 1910—i,
.1945
§ATreasury 6s of 1913 assent—1933
14%
11
•:~f
78%
78%
J-D
^^1945
extl 5s of 1899 £
(US)
v::1''
32%
AExternal
§ A Brazil
.
,
10%, 14%,
'10%
14%
•••••
25 %
; J-D
1949
;
V
42-
69
I
78 >
!
11
J-D
1954
1954
AAssentlng 5s of 1899-;—i
A Assentlng 4s of 1904^
V 43'
14'%
*12
65
—-—1955
f 6s
.
-14%
A-0
_1956
4VaS of 1928
f 7s
*12
M-S
Belgium external 6 % s
External
'
f 7s 3rd series.;.. 1957
external 5s__
1958
Argentine (National Government)—• S f external 4%s__.
1948
8 f conv loan 4MsS—
1971
S f extl conv loan 4s Feb_
__1972
V
S f extl conv loan 4s Apr:.
.-1972
Australia (Commonw'lth) 5s of '25-1955
External 5s of 1927—
1957
(City)
Antwerp
■
'
series_____1957
1st
„
-12 *
12
t ^12% -12%
'
J-J
AExternal s f 7s series C
*
*33 %
J-J
25
'25%
T
7s series B—____1945
f
s
VV
.44-'.>:j"^
*39%
Af-S
4s____1968
coll 7s A_
_1945
(Dept)
AExternal
■-V *39%.- 45
■> A-O
(King of Norway)
AAntioqula
;■
F-A
n.~..—.i_1948
6s
sink fund
Akershus
,
;„1947
AGtd
AGtd
.
;
Municipal
Bank (Colombia)—
Govt.
Foreign
r
■:*;
62
?{
66
Mexican Irrigation-r-
98% 106
52
•
■
6%s
(Colombia)
(Prov) 4s readjusted
A4'/2s stamped assented—^—.—1943
102%
J-D
i_„—^_1980
55
V
05
A-0
(State Mtge Bk) 7s_—1957
*
,>/'X\:>:
1
^Transit Unification issue—- *
:
104.23
;.'t
>■.'
,
47%
1
*6%
:
.
"'
1945-1947
3s series A
9%
6%
..
104.25
103.19
1
103.19 103.20
Af-N
104.20
103.23
Home Owners' Loan Corp—
,
:V:
■
'
1
103.20 103.20
J'.l
;
*
•
85
66
82
*82%
"
...Dec.
'
65
*"
J-D
...
-
69%
73%
63
9
67
68
70
'
"
73
M-S
extl 6s_i
1945
stamped—....1949
.—.1949
(Republic)
French Republic 7s
7s
1967
7s
70
61
,
73
—
73%
59
*65%
A-0
42
35%
63
2
72%.
*65'%
..
AO
y
26%
22%
27-
100.22
102.22
,
'
Finland
V
100.7
*100.1
—1969
VI
35%
72%
^
100.20
*100.5
l____
series
r
35
48%
29
4
40
1
Af-S
AEstonia
y
101.5
*100.7
47
40
'
A-O
(5%s 2d series—....——...1969
104.24
M-S
;
83,
100% 107 ,.\
,;t
__
46
M-S
5%s of 1926
§A2d series sink fund
5%s
102
j-d
:
Sept 15 1949-1951
101.2
101.2
j-j
;
Jun 15 1949-1951
>68%.
..
*17
--
A-0
1961
*18'a
■
■
A-0
'
■
104,27
101
104.11 104.11
■
J-J
.-1942
Customs Admin 5'/2s 2d series
105.21
104.5
*105.14 105.16
—4-
,
20-year extl 6s
gold
§ a 1st series
101.21
Af-S
•
A-0
F-A
:
/ 1
105.16
100.24
*
J-D
.
10
68%
101
/i—
A-O
^.1952
V
101.17
105.7
101.5
101.8
101.5
8s ser A.1951
(Rep of)
5 %s__
1955
4%s____
..—1962
§ADominican Rep Cust Ad 5%s
1942
External
100.17
*101.3
J-D
,
..1947
2s
i
',.167,
v
,
103%
100
v,
74%
.-.101%
*103% 107
73
J-D
External gold
103.14
100.8
100.19 100.17
*105.5
'--4
J-J
......Mar 15 1948-1950
Treasury
I
102% 102%
-
.
m'/./ '■ *101% ;
F-A
J-J
'
104.6
102.18
103.5
*103.3
J-D
;1952-1955
/• .*
107.2
103.6
*103.31 104.1
100.15
—1951-1953
106
-*106.27 106.29
—N*
■'
5 % s__
..
18%
99% 101
*99% 104'a
*102%
•
J-D
V
...—1953
;i..../'.1945
ASinking fund 8s series B-
§AADenmark
110.18
1 ^
'
M-S
•
wks
A Czechoslovakia
*
109.31
'l
*106.28 106.30
\
11
J-D
.—1977
'
12%
'
1
_1949
.l:
debt-
external
H
109.25
..1952-1954
Treasury 2s__
(Republic of)
Sinking fund 5'/2s
108.31
*109.21 109.23
(Rep of)
External loan 4%s_
'
;
Rica
'/ 4%s
■
107.30
107.16
—^
J-D
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108
__
,
J-D
—.1945
"
,
J-D
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1
High
25'A
28%
29
•-
M-N
'Cuba
;
110.17
105.9
110.13 110.13
J-D
...
Treasury 2s
Low
__
*26%
M-N
Af-N
ACosta
110.28
107.29
*110.19 110.21
110.13
'
Treasury 2s_—
5s
__^1953
'
.___._1960-1965
.......
107.4.
109.5
107.2
*107
It
T.-1—
■
Af-S
1956-1959
Treasury 2%s__.
'
■
„
J-D
1951-1954
23As__
,
.
.
*
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,
,
1948-1951
2%s_..
.
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1945-1947
.
...
Treasury
(City)
£ 25-year gold 4'/2s__—
110.29
J-D
1
u^.1951-1955
Treasury
;
108.14
*110.17 110.20
1946-1949
...
F-A
J-D
Copenhagen
'
105.20
___1949-1952
Treasury
1947
1,.—.^1952
January
No.
-104.20
A-O
^..1946-1948
Treasury
(
1943-1945
3s_.—.
Treasury
102.21
1946
ASinking fund 7s of 1927_/_
110.8
Range Since
Sold
High
*26%
A-O
ASinking fund 7s of 1926
116.2
108.27
109.17
1944-1946
3s_.._„
Treasury
•'
"
.^...1943-1947
i
Treasury
-—Treasury
114.14
107.14
109.5
1947
Bonds
Friday's
or
'
Af-S
1
Treasury
Treasury
115.4
107.8
*109.2
J-D
'
1946-1956
Last
Sale Pride Bid & Asked
Period
High
*107.5
A-O
.—1947-1952
4s_.—
...
July 17
Low
Government
s.
Treasury
Treasury
Low
No.
Ended
Week
Week's Range
Friday
Interest
New York Stock Exchange
;
,
AColombia Mtge Bank 6%s
Treasury
■
Range Since
January 1
Sold
High
Low
u.
BONDS
Bonds
Friday's
Sale Price Bid & Asked
Period
YEARLY
-
Week's Range
Friday
BONDS
York
New
WEEKLY
-
Cash and deferred delivery sales are disregarded in the week's range, unless they are the only transactions of
in the week in which they occur. No account is taken of such sales in computing, the range for the year.
the month when the bonds mature.
,
interest"—except for income and defaulted bonds.
when outside of the regular weekly range are shown in a footnote
letters in the column headed "Interest Period" indicate in each case
Prices
NOTICE
1
THE COMMERCIAL &
Number 4091
156
Volume
NEW YORK
BONDS
'
<
York
New
;
Week
Stock
Friday
Exchange
Ended July
17
or
and
Industrial
A
series
A
High
January
No.
Low
New
1
Stamped
1953
J-D
F-A
1st
series B-_—;—____1943
4s
cons
J-D
A
cons
5s
Alabama
Power 1st mtge 3'As
Albany Perfor Wrap Pap 6s
with
6s
2
6
*104 A
A-O
Carriers &
<
4
-U
A-O
61'A
61A
93
93
5s
'
modified—
5s
—,.1946
A-O
"
' *;
—1944
F-A
84 A
J-D
73
*
modified.
'
'
<■■
modified—.
>
1
1.
A-O
56
A-O
Alleghany & West 1st gtd 4s—_^_1998
Allied Stores Corp 4'/as debs—__L_1951
Allis-Chalmers Mfg conv 4s———1952
Am
&
73
74
55%
56 '"
33
45 A
46
M-S
65 A
102 A
American
Corp conv 5'As^
>„1949
debentures.^
3 AS
debentures.
3s
76%
51
3
65 A
35
98%
1
J-J
98%
.———_1966
debentures..
conv
Tobacco
Co
J-D :
1956
deb
1073B 1073/4
—
"107
(107%
M-S
—._1962
3s
>
64
-
59
A-O
'»
Corp 5s
1st
.u.1965
gtd gold 4s
'
•
M-S
W_..___1950
w
...1981
_«
•
*
•,
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Anaconda
A
1950
68
,
:
59%
-
93
tACent
101 %
New
j A Central
'
32
1053/4 1083/s
71
106
100
A-O
Anglo-Chilean Nitrate deb——1967
fAnn Arbor
1st
gold 4s
Ark & Memphis Ry
Armour & Co
1st
sink
/.-.
.
4s series
—
1st
..1966
105%
105% 105%
Cal-Ariz
1st &
Atl & Charl
1st
Atlantic Coast
General
109%
Nov
109% 109%
88 3/4
89 A
J-J
106%
48
106% 110%
89 %
5
88%
93
89%
8
87%
92%
102%
Potts Creek Br 1st 4s
103%
R
4$—
1958
J-J
111%
MS
111%
111% 111%
76
J-D
1948
1948
Atl Gulf &
1959
J-J
1953
M-S
101
763%
74
83%
573/4
66 A
59
>
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:
Dec
Ref
>
,
1
&
1946)
Sep 1 1946)
&
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<< AConv
<
due..
1 1946)
Sep
to
1
Jan
553A
stamped
Del
Beneficial
•>
23/4s
Indus
M-s
:
<
/
Division
,
/
C
9
102 V4 1033/4
M-N
101%
< 100% 101%
F-A
101%
M-S
128% 3 28%
-101
1
25%
19
,;
27%
'60 <
AGen
33
J-J
118% 118'A
-•'
J-J
1949
60
19
1 V
118
121%
114
J-J
114
149
87
86%
87 %
35
89
89
9234
J-J
2038
89
1949
dl8%
92%
93%
0
1949
13
85
■
5
22%
89%
,
81%
95%
88
89
89
90
42
series
inc
mtge
A
88
24%
:
65%
73%
(conv)___._
23%
M-N
J-J
63
63
63 %
....^<>—2038
J-J
33%
33%
34
29
J-J
*31%
343%
J-J
*30%
31%
J-J
*28
21%
18
293A
AGen inc mtge 4%s
A 1st
&
A 1st
5s series A—
gen
& gen
83%
111 RR—
Chicago & Erie 1st gold 5s——1982 1
62% *
54%
* ' 56'
.
.127
<
21%
,
115
.
48
<<
r
.
.
28
.,24%
6s series B_
1966
120
M-N
57
34%
120
<
123
61%
45
38
28
; :
68%
33
31
36
,<• 28'A
8%
*8%
J-J
.1956
3
8%
J-J
.May 1966
120
83A
5
•
<
34
6%
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"•
10%
73A
11
23
563/4
70
82
33'A
51%
32%
48%
34
53
34
53%
•
<57
58
i
AGen
39%t
'
series
4s
AGen
A.:
;_May 1 1989
J-J
series B__May 1 1989
34
37%
<68
45
45
<
39%
.
J
39
18%
42%
45
/
54%
i
'
48%
<<
34%
<, 43%
series
C
4'As
series
E_.____May 1 1989
series
F
J-J
.
A
—May 11989
AConv
1
1975
53%<:
adjustment
1
Jan 1 2000
5s
A-O
37%
AGeneral
M-N
103 %
stpd Fed inc tax
1987
-
27
<<
37%
37%
2
21
:
34%
1987
1936
53
A4'As stamped
§ASecured 6'As
83%
106%
14
106
108%
A 1st
&
ref
gold 5s
127'A 130'A
A 1st
&
ref
4%s
&
ref
103 %
98
99%
*96 3/4
98
96%
98
4
32
103
17
103'/4 103%
•
100% 100%
14
102% 105
103
102
§ A Secured
101% 1023/4
75
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91
74
<74
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69
47
66%
61
29%
43%
20
20
20%
8
108% 108%
9
Gold
76
31%
stpd
——1927
54
14- :
107
103%
Buffalo Gen Elec 4'As B___1981
•?■114
F-A
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94%
J-D
41
: -74
34
97
46
114
2
*110'A:
<:
...1952
12%
>
M-N
1960
3'As
1951
22%
Income
J-D
guaranteed 5s
Chicago
Union
<•/•;
23%
1%
55
24
2%
•'
59%
24%
40
.
80
18%
25
18
13'A <
14%,: 14'VB
29 3/8
26
307
2%
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153/4
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-
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36
33
69
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80
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—
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i
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■
'
*59
V-'. '<•'■•<"--»
M-S
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1963
45%
..1962
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.
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Childs
114%
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de
—
•'
50%
47
55 ■•'<
62%
62%
68
455/a
54
46'A
7
5s_
1952
.:
41%
,:>•
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<
94%
49%
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49 'A
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.
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106 3A
'
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1087/a
109% 111
•
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110
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17
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'
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u
..16
...
"
M-N
1966
..1942
>
•
94-
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A-O
.1957
.
108'A
100% 101
><93..
93
■:>
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108
J-J
J-J
108%
J-J
.1963
...1952
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,
88% 105
113:.
68.
,
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1003/4 106 :
>98% 108
<72%
^68
.
J-D
1960
1st 5s
110% 110'A
__
35%
70
J-D
—1951
...
Southeastern
.
i
1%
23%
14%
<
;
24
13 3/8
58
12%
2%
J-D
..1967
35%
*22%
T,
M-S
4'As series A
52%
23%
% ir
•■■■
A-O
Buffalo Rochester & Pgh Ry—
M-N
14%
69
'
42
108%
100% ioo3/8
—
■102% 103 </
'<77% 77%
<
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<
34%
26
39
-
35%
36
/,< 223/4
-
53
20
-
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943 'u
20
23
.
..
19
19
■
•24
J-J
1988
...—1934
_
Memphis Div 1st gold 4s
1st
M-N
173/4
34
22%
102
3 6 3A
18%
1%
F-A
deposit...
gold 4s.
gold 4%S
Chic T H &
'
103
5s
Chicago St L & New Orleans 5s—.1951
68%
103%
1st
<<•;.:
<<:<
34%
33
23
-f- 45
27%
30 'A-
34
32
22%
25
■
27% <■<• <<:■ 5
7
^30
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33%
:
;<
'
„
..
50
31'A
35%
20%
""
•
79
89%
30%
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36%
•'
3
22
'
'
27 'A
28
< *>
'••.•'••
1%
18
'
32%
27'A
28
M-N
..1949
__
< 27%
;
•
J-D
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68%
M-N
,;: j f
%-:*V
J-D
—
Railways
part paid...
<■;•;< ACertificates of
103
75%
<
J-D
...May 1 2037
C
•AConv 43%s series A
25%
100'A 102
10
89
173/4
103% 105%
1053/4
102% 102%
102
May 1 2037
—May 1 2037
stpd
4'As
t§AChicago
31 %
J-D
Fed inc tax.-.
28
99
8%
1
79
26%
;•
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M-N
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48
p
n
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26%
< 263A
;
M-N
59
45
72%
249
•
v'i
M-N
1987
49
80
<■•>'
<"
M-N
stpd Fed inc tax..
59%
12
<103 % 103%
102%
M-N
(interest
at 1 „•
.———1957
"
<<
:■•
13%
/<;• 2%
•<
\y.:
M-N
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/.
•
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M-N
1987
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5s
.•
.
M-N
1987
1987
AStpd 4s
*98%
v
1987
registered...
48
J-J
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34
13
2 'A
.
.
.
4s_._
95% 100
49
13%
■
y. v' /:j;
—.1987
gold 3'As
registered
3'As
'./I;
58
M-N
1957
37%
>^<37"<;
7 37
'
"mm- <
"
•■'
F-A
^Chicago & North Western Ry—
26
A-O
—1.1950
36%
'■
37
■■
•
A 1st
M-N
•
35%
*
:•'■■'
<••<<37%
J-J
„May 1 1989
Mtge gold 5s series A./
99%
M-S
A.—.—•1947
L-'
"
J-J
4%s
54%
J-D
1961
1—..I960
July 1970
35% :'■<
.'
J-J
4'As
AGen
44%
243/4
;
177
"
1283/4 129%/
F-A
Bklyn Union Gas 1st cons gold 5s_1945
Stamped > modified
37p to 1946) due
129%
100% 103 %
100% 104
•
*114
A-O
Chicago Gt West 1st 4s series A—1988
106
** 523/4
111
.
27%
Bklyn Union El 1st gold 5s..^——1950
„
126
8
17
J-J
..1989
4s
Chicago & Eastern
95% 100
102
'56% > ' '
<106
129
1967
1st lien & ref 5s series B—j.
13
-10138
30
*100%
gold 5s
103% 103'A
89%
24%
,
Debenture
103%
-
24
F-A
series
M-S
•
80%
J-J
99
F-A
6s
104% 105%
1997
29%
M-N
ref
3
723/a
fABoston & N Y Air L 1st 4s.„—1955
&
14
40
Bklyn Edison cons M 3%s—.—1966
■"1st, lien
;<• 89%
87
30%
>78
106
1955
4%s ser A
72%
13
5s
53
A-O
...—.1944
.1950
43As series JJ
>95 'A
34%
*44
J-J
mtge 4s series RR.
78
80
ref
99%
F-A
1st
2
104% 104%
—..1946
:
52%
54%
F-A
1st gold
80'A
63%
J-J
1960
Alnc mtge
583A
80%
71%
>36%
45
A-O
1st 5s A C
62
49
14
46 3 4
47%
J-J
1952
series II—
1
96
28
21
27%
21%
1960
H—.1965
5s
773A
63'/a
53%
77.
27%
1943 <
mtge 3'As series
M
68
41
••■
63%
<<■ 52% ; >52%
76%
<26%
A-O
mtge 3s
1st
71%
-
108'A
73%
&
§ A Refunding
•
r
63%
14
107
:
65 %
31%
J-D
Consol
Boston & Maine
•<-70%
71%
2
72%
30%
A-O
1st mtge 3'As
108 <
75%
27%
J-J
Consol
Knox
13%
89 %
1996
AGeneral
"
J-J
Consol mtge 3%s series F——.1959
Blaw
< 108-
< 108
18 3A
19'A
'
'
64'A
27
',36%:
j-J
>—.1956
Big Sandy 1st mtge 4s
•
73 %
r<
1951
series G—
'
'
J-J
Beth Steel 3Vis conv debs.—
>•
75%
58%
J-D
debentures..
'
'
64%
56%
CJ CO LO¬
M-N
2%s_.—...1950
Loan
*13%
F-A
55'A
{
j-J
...
■
'
JChic Milw St Paul & Pac RR—
1943
3 As—
cons
21
M-S
31
'
F-A
gtd 3s._1989 <
Beech Creek extl 1st gold 3'As—1951
Bell Telep of Pa 5s series B—
1948
1st & ref 5s series C
123A
1043A
'AGen
Battle Creek & Sturgls 1st
Bclvidere
71
F-A
27
I
4f-s ;:
1950. </
—
163/4-
-
1977
56%
Z\
J-D
——1951
ref 4s
16
75
13%
M-S
gold 4s_.—1989
registered
4s
4s
cons
AGen gold 3'As
Toledo Cin Div ref 4a A-,———1959
Con
14
62%
1971
'
Bangor & Aroostock RR 1st 5s
32
tAChic Ind & Louisville ref 6s A..1947
< <ARefunding gold 5s series B._.il947
:
<1 A Refunding 4s series C____:
..1947
J-D
Feb 1 1960
(int at 3%%
16%
...-1958
to .>*-<<
1947) due——
15%
^Chicago Milwaukee & St Paul—
f
extended to—1.1951
S'west Div 1st M
1st
General 4s
to
T—1996 «
due
gold 4s
V
v;
•'
-42
1st
29%
Pgh LE & W.Ya System—
Ref
17%-
1st & ref 4'As series B._^
98%
A-O
i-._—2000
(int at 1%
111'A 112 ya
16%
.
'
16%
■
<
~6
6534
73
1% to
(int at
due
gen ser F
>
'
J''
111%
65%
■
1992
Chicago Ind & Sou 50-year 4s
due.—.1995
Ref & gen ser D
•
*
18%
94% 100%
.
1946). due
1995
ser C (int at 1%%
1
8
11
'
v....
23
63%
45
198
gen
Dec
to
(int at \%
7%
15%
38
61
104% 104 A
.A-O
July 1948
16%
M-N
■
due
23
65%
RR—
1946)
1
Oct
3
•
>13%
,/•
'<>17% i
y> 15% i
F-A
..1996
consol gold 4s
4s
B
t
A Div
Illinois
104 %
■
'.
11
....
A-O
Chicago Burlington & Quincy RR—
Illinois division 3'As
j...—1949
3'As registered..
..1949
100% 103%
99% 100%
J-J
.—July 1948
Stamped modified bonds—
1st mtge gold
(Int at 4% to V
5
1093/4 111%
60
J-J
mtge gold 4s_
4%
333/4
Atlantic & Danville Ry 1st 4s—
Second mortgage 4s
j,
1st
3
64%
60%
65
tr 5s
3
76
100
W I SS coll
2
-
AChicago & Alton RR ref 3s
110% 112 Va
111% 111 A
■
10
&
2d
993/4
oqq
M-N
Atlantic Refining deb 3s
97%
*102-% 103%
*103% 104
MS
..1964
Oct
20
34
4%
M-S
1950
Ry—
>
General gold 4'As^
•Ref & impt mtge 3'As D_
Ref & impt M 3'As series E_
101
A
60%
10%
15%
4%.,:
^1950
(1938 issue)
4%s
101
M-N
Ohio
deb
5
5s
45%
1948
f
'2
.July 1952
4
Fibre—
102
1952
&
5'As A
(1935 issue!...
.,101
May 11945
Baltimore
Prod
Paper &
deb 43As
101
4s
30%
55%"
14%
r
65%
<
-
F-A
f
*100
J-D
coll tr
104
88%
J -J
cons
23
>22
<(,'•—
A-O
S
104 % 106%
89 %
.
J-J
4 As
93% 100
2.
.
/
i_1954
S
: 102
L & N coll gold 4s
>
Certain-teed
Champion
J-D
1944
24
44%
69%
J-D
A—
'
55
24%
/■
•
—__^___1960
5s
J-D
1946
1st
gold
1955
1st 4'/2s
unified
10-year
A-O
M-N
series B„——.1944
A L
30-year 5s
•
—.
LI-
Chesapeake & Ohio
..1962
15%
■
...1987
—I960
ref 4%s A
42%
55
■
'v
J-D
1987
registered....
.—..1955
1st gold 5s—
97% 100
__
A-O
i__u_.__1987
—
Trans-Con Short L 1st
Atl Knox & Nor
34
99% 101
6
.—
1910
■
c:
J-J
JACentral RR & Bank'g of Ga 5s„_1942
•
62%
-
1
J-J
1995
(''
J-J
—1987
—....
4s___-
Guaranteed
107
;:"l
■
17
—1995
49%
24%
A-O
gtd 4s____._1961
-Through Short L 1st gtd 4s
108
10i:.
■■'14
63%
100
'
1905..
gold 4s of
62%
1053/4 106
—
gold 4s of 1909
Conv 4s of
44%
44%
100
87
1
.
1053/4
—
Adjustment gold 4s
Stamped 4s.
Conv
101
(Del) .1957
C
99% 102'A
97%
J-J
Central N Y- Power 3%s__u-_-....1962
K
103% 105
r;
—.1955
Atchison Topeka & Santa Fe—
General 4s
,___1995
Conv
44 A>
Q-J
MS
2
F-A
(Del) 4s B
fund
101
101
Jan
^1995
Bdge & Term 9s 1964
106% 108%
101
100 'A
93
59
g
3
,
A-O
..1959 '
Light 3'As—
Eng
registered
4s
109%
65
% 104 A
88'A
47
...
< M-N
..1959
of N J gen gold 5s
'-AGeneral
105% 108%
100% 100 A
92
92%
77
14
48
*—
F-A
A Mobile Div 1st gold 5si_.-_.._1946
Central Illinois
69%
1013/4 104%
.107% 107%
104
973/4
81%
108% 108'A
; f-a
■
AChatt Div pur. money gold 4s„„1951
1073/8
M-N
deb 4VaS—i—1950
Cop Min
•'
101
'
j
101
J-D
.ARef & gen 5'As series B__
A Ref &
gen 5s series C
.100%
J-J
Wks & Elec 6s series A—.1975
«
M-N
Central Pacific 1st ref gtd gold 4s_1949.
Am
Am Wat
8 7'A
*—
J-D
■
39
107 %
Ohio 4sJ
&
Gen
Adir
5s
A-O
1961
86%
86%
24
105%
105% 108%
56
"102 V8
92%
103
....
..11947
100% 104
10
64
'102
.
&
Telephone & Telegraph Co.—
3%s
Amer
103
92%
71%
89%
13
;
.
41
V
108% 111%
14
105% 105'A
92%
,
96%
'
J-J
ACent Branch U P 1st gold 4s
1948
^Central of Georgia Ry—
:
A 1st mtge 5s
i.
Nov 1945
J A Consol gold 5s_
...____.1945
92
60
'■ 107 A 108 A
M-S
M-N
conv
<
64A
<102
102%
5'As—1949
Internat
Am
F-A
42
96%
105%
J-J
;
2
1
High
62
96%
J-D
„____1960
Celotex Corp deb 4'As w w
•<; 90
63
53
>60
Foreign Pow deb 5sj_1——_2030
Chem
85
102 <
85 A
111%
January
Low
'
J-J
1954
...
4'As
•'
78
—
trust
Clinch
62
93%
>
A-O
Amer I G
Cart
55
81%
84%
45%
—
63
2
>
<'
..—1950
income
54
2
i
—_:_1950
A5s
'
1944
ctfs
No.
111
111%
Range Since
Sold
High
J-J
M-S
t§ACarolina Central 1st gtd 4s____1949
'
______1949
.
—
*90%
-
10
Bonds
Bid & Asked
106%
Carolina
63
J-J
1946
gold 5s
Collateral
98'A 101
102
trust
103'A 1033/4
61A
A-O
5s
Cell
.
4'As___
equipment trust
104% 106'A
'106 A 106'/4
•
1948
3'/as registered
Alleghany Corp-—
5s
1043/4 1043/4
J- J
1948
623/8
104%
Albany & Susquehanna RR 3'As—1946
warrants
Sale Price
-
Ry deb 6'As
1946
deb stk perpctuaL
Ry 4%
trust
J 103% 103%
103%
1972
assented—
100 A 101
103 A
Coll
100% 101
103 A 104 A
J-D
1st
Pac
72%
44%
50
*100% 1017/a
1
J-D
1943
Southern
Gt
"48%
Week's Range
or Friday's
Last
Period
Low
65%
•
M-S
1946
10-year deb 4'As stamped—
Friday
Interest
Exchange
High
Can
J-D
Adams Express coll tr gold 4s-_—1948
Coll trust 4s of 1907
1947
Ala
Stock
Week Ended July 17
<
Canadian Northern
1953
I
■_
York
•
Companies
unstamped
RECORD
Range Since
Sold
*
JAbitibi Power & Paper—
§ A5s
229
BONDS
Bonds
Friday's
Sale Price Bid & Asked
Low
Railroad
BOND
Week's Range
Last
Interest
Period
"
FINANCIAL CHRONICLE
Am-.'"'
102'/a 102 A
20
-
108% 110'A
•
..1971
JBurlington Cedar Rap & Nor-—
§ A 1st & coll 5s_.^_.
ACertificates
of
——1934
deposit—
Consolidated
Term
.
6%
A-O
*5%
1
1952
J-J
58%
58%
1960
5s
Bldgs 5s gtd
A'-'O
1955
Bush Terminal 1st 4s..:
Bush
-;
,
A-O
74
74
6%
"
2
"77% —
83A
5%
6%
5%
78
83 %
58%
53
63'A
General
74
70
81%
General 5s series B
-
Cleve
Cin
Chic
Cin
St
& St
Canada Southern
cons
Canadian National
A-O
1962
J-J
Guaranteed
gold
5s
July 1969
gold
5s
Oct
•
A-O
Guaranteed gold 5s
Guaranteed gold 4%s—
1969
—1970
J-D
■i
.•
.1'.
.
'V-
.
gold
4%s—
1956
F-A
Guaranteed
gold
4'As__.
1951
M-S
107'A 107%
For
footnotes
see
page
233
3
__
109 % 109 'A
*107% 108%
783/4
24
*110% 1113/8
w.—
'
104
•.
11%
Guaranteed
106
7
,
1073/4 108
11%
F-A
1955
108
80'A
7
,1083/4 108%
•
J-J
Guaranteed
107% 107%
*78
A-O
1957
gtd 5s A
gold 4'As
:
2
.
—
10
F-A
1
•
.
*110%
110
__
A.
1993
J-D
,—..1993
gold 4s
1st
coll
;
v
—
1st
tr
4s
67
J-D
4'As series E._.___._1977
Wab & M Div
L Div
J-J
.
*98% 100
99
112
99%
Louis Ry—
—1991
gold 4s..—1990
Cleveland Elec Ilium 3s
.1966
110
M-N
7%
..1943
Ref & impt
California-Oregon: Power 4s__
1969
1970
J-J
J-J
44%
46 Va
45%
106%
.
65
86
97
,
,
17
85
67'A
42%
53%
44
52%
64%
74'A
86
64 Va
11
46'A
64%
M-N
J-J
66%
*78
44%
106% 107'A
'
,
3
•
104% 1083/a
10
.
76
108
85
<
108%
1073/4 112
108
109"%
103% 108%
1033/4 107%
&
Pittsburgh RR—
4'As
B
3'As
-
Series
C
3'As
Series
D
General 4%s series
Gen
Cleve
&
ref
Short
4'As series
Line
1st
B„
F-A
*89%
1977
A
A-O
A-O
M-N
..1950
3'As gtd:
-
B
gtd
gtd
•<".',
*99%
1942
..1942
—1948
series
Series
111 'A
105
Cleveland
General
1043/4 108'/8
F-A
105
1981
J-J
105
gtd 4'As—... 1961
A-O
64%
—
11
107%
—
■
.
•*.—'
■
''
'
108
•
'
65
:
„6.
108
li,—.
105
108
64 % .83%
THE COMMERCIAL & FINANCIAL CHRONICLE
Week Ended.
Last
Interest
Stock Exchange
or
Low
2
76
67%
62
"i
84
71%.
58%
66%
,
1
Hocking Valley Ry 1st 4%s
Hoe (R) Co 1st mtge.i..
—--—1970
1980
Columbia G & E deb 5s——May 1952
Debenture 5s
—Apr 151952
Debenture 5s.
—-—1961
Columbus & H V 1st extl gold 4S..1948
Columbus & Sou Ohio El 3Vis—A.1970
A-O
80
M-N
21%
—1955
F-A
ACOlo & South 4%s series A-u
i
90%
*91
A-O
88%
89V'a
A-O
24%
85
89%
TOT
*•••
2
: '
—
f
Range Since
January 1
Sold
High
No.
Low
,
Feb 1957
•
88%
A-O
39%
/
102%
High
122% 126%
98% 103
L
91%
61%
1
■
39%
*119
42
,
16
39l/a
;
M-N
;
5
88%
87%
•103% 103%
A-
F-A
(AAdj income 5s—;—
;
^
;
Af-N
_1957
1st 5& A
127
102
•
M-N
J-D
Manhattan
*126
'
A-O
Hudson St
.
102
:
J-J
Hudson Coal 1st 3 f 5s seri.es A.^.1962
Hudson Co Gas 1st gold 5s
..1949
78% 101%
'
■
107
*
84% 102,
,
92
*109
M-S
88
15
82
100%
—
J-J
79%.
88
92
20%
L 91%
M-N
80
21%
79%
....looq
^.1944
$§AHousatonic Ry cons go\d 5S...1937
Houston Oil 4 Vis debs._....._._..1954
101%. 103%
21
Bonds
Sale Price Bid & Asked
H
't
__
*10112 102
.
Week's Range
or Friday's
Last
Period
Low
'
F-A
Interest
High
75%
22
*103%
,
Friday
Stock,Exchange
July 17
Week Ended
65
19
61
61
A-O
J-D
mtge—
income
5s
Low
High
75%
•
66%
A* O
1st s f 5s series B
January 1
NO.
New York
Range Since
Sold
66 Vi
76
>
A-O
gtd 5y2s_—~___1972
gtd__----—-1973
1st s f 4%s series C
--1977
Coal River Ry 1st gtd 4s
—1945
Colo Fuel & Iron gen s f 5s__—.1943
Cleve Union Term#
Bonds
Friday's
Sale Price Bid & Asked
Period
July 17
BONDS
Week's Range
Friday
BONOS
New York
Monday; July 20/1942:
102% 104 V*
25
35 y®
119%
45
118 y« 120 %.
41%
13%
42%
131
36 V*
48%
13'A
;
13%
66
8%
15%:
—
107% '
106
■
1st extl 4s
Columbus & Tol
■"f;
*110%
•
__
-r
30
19
'
Illinois Bell Telep 2%s series A
ACommercial Mackay Corp—
May
-Apr 11969
deb w w
Income
29%
30
!
31.
j-D
3V2s—1958
Conn & Pasump Riv 1st 4s——,-1943
Conn Ry & L 1st & ref 4l/2s—1951
Stamped gtd 4%s____———1951
Conn River Power s £ 3%s A——1961
debs
110% 110%
iV
Illinois Central RR—-
108%, 109
15
106
v
A-O
*100%.
■
F-A
t.
*109 Ve 109%
■
108% no y8
16
99%, 102%
I'
•
J-J
...........1951
*91%
A".
J-J
*86 y8
90
A-O
*86%
90
92%
'
1st
..1951
;__1951
.....
MS
-.1952
U-N
:...._1952
46%
'•V
V 43%
>40%
-
44%
41%
86%
86%
-
'-•'i
47%
84
"
'
\yJ '-
70
46%
V
jij
;i
86
*30
A-O
__.._^.._1955
Refunding.4s.
Purchased, lines 3'/2s
108 Vi 109 %
'101% 101%
J-J
;
,
..1.1951
...
gold 3%s
^
1st gold 3s sterling.......
Collateral' trust gold 4s.J
®
■
110 Vi
*110.
19dl
;
.
gold 3V2s—
Extended
109%
■' -4'<
-
*110v»
J-J
-J- J
gold 4s.
1st
108% 118%
J -J
-1968
mtge 3% s series I
1st
Conv
21
1st
Commonwealth Edison Co-—
33.
42 Va
...
22
'
53%
39%
49 y»
38%
84
46%
'Collateral trust gold 4s..*,
..1953
.4..._._J.._...il955
40-year 4%s____-__^._.^.-_^._._1966
——1946
A-O
103 Vi
103 Vi 103%
debentures—-——-—1948
3 Vis debentures—
1956
3 %s debentures——————1958
Consolidated Oil conv deb .3Vis——1951
jAConsol Ry non-conv deb 4s
1954
A-O
ld5V'8
105
debentures——
3 Vis
SVsrs
106
A-O
j-J
Power Co—
1st
1st
1st
89%
8
■'./1
106%
23%
34%
23%
80
34%
90 \
107
108
108%
109 Vi 109%
110 Vi
:
2
14
48 Vi,
58%
F-A
43%
-/
43%
44
128
38 ya,
49
J-D
71
83
79%
J-J
*56
; *43
:_._1951
J-J
J-J
F-A
i;
,
'
,
.
_
54
;
I 42%
J-J
3s._L_1951
•
58
54
JnJ
F-A
Western Lines 1st gold 48_._..__1951
M-N
,107% 108
A-O
57
57
40
46%
39%
49%.
:'^i
i Am-*'
49
43
62
3-1
■
79
56
'
54
79
'
95
i 62
58
53
71
•
47
*47
50
2
42»/a
.*_/»■
.
,
64%,
'
47
J-D
43%
99% 101%
17
Inland Steel
A-O
109%
92%
93
5
92
31
31
1
26
37 y8
28
15
23 Va
20
30
39%
30
10
28
35%
A Adjustment
A 1st
.
33%
33%
5
25%
,70
! *20%
af-s
28%
3
23 Vi
33
103% 104%
30%
5s
Noij 1st
6s series. A.1952
:
V/:
j-J
6s series A__.July 1952
series
'•
J-J
j-j
33%
23 y4
33
Internat
86%
93%
Ref sink fund 6s series A__.__.^.1955
J'J
106%
56%
—X970
Fr A
MS
•
55
55
J-J
*107%
J-J
4Vis—1971
1st ir ref 4Vis——.———1969
1st mortgage 4 Vis—~———1969
}§ADen & R G 1st cons gold 4s—1936
§AConsoI gold 4%s
1936
Delaware Power & Light 1st.
*
J-J
17
17
A-O
■;. 2%
; 17
F-A
17%
James.Frankl & Clear 1st 4s-_-__1959
19%
Jones &
M-S
3Vis series G—1966
Gen St ret 3s series H—-——1970
Detroit St Mackinac 1st lien gold 4s 1995
ASecond gold 4s———.———1995
Detroit Tenn & Tunnel 4Vis—-—1961
Dow Chemical deb 2Vis—_——1950
Dul Miss & Iron Range Ry 3 Vis—1962:
fS ADul Sou Shore &,Atl gold 5s.—1937
Duquesne Light 1st M 3%S-—-^-1965
ret mtge
7
1%
i
4%
73
IV*
1VA
86%
78%
20
87
"4'
35
35
20
17%
ACertificates
of
9 5%
*80
82%
,.103% 103 vi
108
107%
J-J
101%. 106 Vi
.A-O-'v-
J-J
15
25%
106% 108
2
109% 110
110
Kentucky Central; gold 4s
15%
1%
53%
97%
93
2
11
40
12*
.
:67%
;
109%
>
20
>
64%
65%- 74
.
i
3
A
53%
52%
108% 110
t
*110%
110% 111%
__
'
J-J
♦40%
J-J
1961
88
40
37%
7
60
<109
109%
84%
A
56%
►
45
66%
1
f
"J-J &
,,
Plain
'
84%
'
60
J-J
1961
Kentucky & Irid Term 4%s._
.I... 1.1961
Stamped' L..2..
.;
31.
?
.-v-'j
:
.{J-J
.
102% 103%
3
108
25
.
Va
43
-
84%
45
•
.103%
46
45
/
45
A-.———-.—
20
82 Va
a-o
deposit—
Kansas City Southern Ry 1st 3s_^1950
Ref & impt 5s_—— Apr 1950
Kansas JCity Term 1st 4s-a__ _L
1960
40;,
*18%
a-o
/
109'% 111 Vi
,104% 104%
Af-N
58
:
:
K
•
; *32%
M-S
44
57%
38%
163
i
r
96 Va
96
Kanawha & Mich 1st gtd gold 4s__1990
108% llirs
J-D
A-O
*45%
tlAK C Ft.S Si M Ry ref gold 4S.1936
J-D
,
96
35%
:
eya
*110%
J-D
1
91
19%
3%
Laughlin Steel 3%s___i._1961
3%
83
Mll% 111%
m%
A-O
85
57%
'
29 VA
104% 105%
,
90% 101
■'
57
%
18%
103% 105
15
..
57 A
-J
J-J
5
*83
MS
1
11
99
,
J-D
10%
2%.
*4y»
*95%
;*98 56%
2%
18%
11%
21%
86
-
20%
'
28
17%
J-J
t ADes M & Ft Dodge 4s ctfs——1935
fADes Plains Val 1st gtd 4Vis— -1947
Detroit Edison 4s series F———-1965
27%, '..
104% 105
j
F-A
19%-'
17%
F-A
series B——Apr 1978
;♦
f
1'A
11
15
::
104% 104%
10%
3
JADenv & R G W gen 5s
Aug 1955
AAssented (subject to plan)—
:
105
MS
289
'
J-J
I l 27
J-J
17
26%
■
11%
5
^
107 Va
104
—
TT%
16%
17
6i y*.,
104V/a 105 Yz
--
"
59
1%
IT
IO6V4 107% ;
:
105 Vi
*108%
16%
J-J
51%
lOO
55%
99% 101%
17%
T%
57%
JAlowa Cent Ry 1st- & ref 4s._.__1951
•
M-N
17
A-O
Paper 5S* series A & B_j.l947
-
101 % 181%
101%
J-D
Dayton Union Ry 3Vis series B—1965
Delaware &' Hudson 1st & ref 4s_-_1943
103%
105%,
99%102y4
6
17
M-N
Iitt Telep & Teieg deb gold<4yas_i-1952
'Debentures 5s_J-L_;
..1855
10
■k 10a
i
6
16%
16%
4
29
106 Vi 106%
.
15
.
101
17%
17%
.
A-O
L__._.1958
B
A
«
D
J-J
101
'
90
35
78
V 19% 27%
108% 108 Va
23%
7101% 101%
'■ v'r,
A-O
89%
f
47%
'
A-O
Int Rys Cent Amer 1st 5s B._^_..1972
1st hen & ret 6yas-______
J.I947
A-O
;
52%
37%
66 VB
S
2
*108% 110
1st gold ,5s sertes C....
,.1956
Internat Hydro Ef deb 6s_i—_____1944
*32%
J-D
receipts——-—
3s deb—.——1955
Curtis Publishing Co
40%
52
.
*27%
fc-
143
43%
70
■
'
jAInter-Great
33%
28%
J-D
48
'
43%
70
33 %
35%
29%
,
28%
34%
,
J-J
L
j-j -;i-
lst mtge 3s series F
1961
Inspiration Cons Copper 4&__-~
1952
Interlake Iron conv'deb 4s_.
...1947
94ya:
J-D
!
L''* 47
J-D
JrJ
107 y»
16
A
lst;ref 5s series AJ_L— Lj;_I963
1st & ref 4 %s series C_iJ-~.__i.1963
107%
J-D
receipts——————
A7 Vis series A extended to——1946
ADeposit receipts—-—-——
A6s series B extended to__——1946
rJoiht
Ind III & Iowa 1st gold 4s_____
1950
f AInd & Louisville 1st gtd 4s
_1956
Ind Union Ry 3 ViS series. B.J.-..L. 1986
106
100% 100%
100%
ADeposit
Dayton P & L 1st mtge 3s_
St L & N O—
111 Cent and Chic
108% 110%
*107%, 107%
M-N
lACuba Northern Ry 1st 5Vis.
1942
ADeposit receipts——
A Cuba RR 1st 5s gold
———1952
Gen &
75
Springfield Div 1st gold 3yas._..1951
108% 109%
110 % 110%
109 Vi
M-N
debs————1950
Crucible Steel 3%,s S f debs
1955
ARef & impt 5s
54
St. Louis Div & Term gold
Gold 3%s.
-J__
34%
26
39%
53%
'
M-N
Crane Co 2"As s f
ADeposit
31%
1
108
jrr-N
mtge
1st
,
10
37
.
7
'
3Vis—————-1965
mtge 3V2s—————1967
mtge 3ViS———---1970.
mtge 3'As——,.—1966
mtge 3V4s———————1969
1st
89
31%
89
/
31
31%
31 Vi
J-J
Consumers
7
29%
J-J
Consolidation Coal s f 5s_———I960
103
105% 108
101% 105 y»
15
103% 104%
J-J
A Debenture
7
8
108 Va 107
104 Vi
jr-D,
44%
53%
Bridge gold 4s_-__J.__L-i.1950
Litchfield JDiv 1st, gold 3s._—1..1951
Louisville Div St Term gold 3yas_1953
Omaha Div 1st gold 3s-._.
.1951
106%
104
80
106%
106
J-J
4s————1955
4s_——1956
ADebenture
105%
44
U-N
•Cairo
102%, 104
8
M-N
Refunding.5s
Consolidated Edison of New York—
50
L *84%
'm**
•
90
J-J
90
f'-'
-
90
/
:
;
-V
•
'
40%
43%
80
"
mrnrn*'-
1
•
86
90
90
83
"
■
-/'
mm mm
'
•«'
'
83%
'
unguaranteed.—Ii._ —..1061
4%s
108% 110%
•t.;'
i:,.
;
\
J
.
.
C"
'
E
J-J
;
.
Kings County El L & P 6s
Kings Co Lighting 1st 5s
1997 x
;
:
'
'
1954
V
-■
■'
'
:l:t'/--
a-o
84
::X.
——
f
J-J
•-
*83ya
-f
\
>103% 104
101
106%
'
Nor Div 1st 4s— -.1948
East Tenn: Va & Ga, Div 1st 5a—1956
Ed El 111 (NY) 1st cons gold 5s——1995
Elec Auto-Lite 2 Vis debs———1950
a-o
Elgin Joliet & East Ry 3 Vis———1970
Af-S
—1965
1965
a-o
1st
•
a-o
East Ry Minn
El Paso & S W 1st 5s——.
5s
stamped——.
.
—
M-N
*105
i.
T
-
100
100% V
*100
J-J
j-d
108
v
100 y4
\
101%/:,
100
c.
/
;
,10
LI
99% 103
-
I
17
*
r
•
103
<
66
J-J
AGen
j-J
N Y
mtge inc 4V2s series A—2015
& Erie RR extl 1st 4s.___-.1947
Af-N
-1971
M-S
Ohio
Div
1st
mtge 3 Vis
'
'
■
90
v
56%
^ 105
3
'
■
2.
'
-
".
•-
''
•
■
90%
62
86%
93%
115
45%
56%
106
85
95
A/-N
Rub 3s deb—«i_1961
*64%
105-107%
9a
22
88%
Certificates
of
MS
65%
13
A 1st
14 Va
73
12 ya
18
8%.
7%
14% >
13%
JFonda Johns & Glover RR—
1962
§A2-4s (Proof of. claim).—
•A
Certificates -of
:
M-N
■
*3
l
deposit..—z—
Food Machinery Corp 3s debs
...1956
Francisco Sugar coll trust 6s—.—.1956
J-D
•
•
*3
3%
2%
4
*102
77
4
1%
102%
78%
M-N
100
:
15:
69
)
3%
101%
V
f
83
>
:
'
L.
to
99
J-D
J-J
*117
98%
17
14
2tVa
*26
28
20
104
105
J-J
; *13%
J-J
J-D
Gotham Hosiery deb 5s w w
MS
.—.1946
105
1
.
*92'/»
,
J-D
1947
Great Northern 4*As series A.——1961
J-J
General 5s series C——
1973
J-J
General 4y2s series D_———
*91
J-J
General 5Vis series B„._—......1952
37
29
99
93% 105.
95%
80
85%
9
105% 108%
'42-
98% 105
90
91
L 21
88%
81
,
5
79%
1976
J-J
J-J
80
:
80
80%
50
General mtge 4s series G__
—1946
J-J
94%
:
94%
94%
113
Gen mtge 4s series H_.—
—1946
J-J
92%
92%
93%
36
Geu
—1967
J-J
72
71% "72%
32
mtge 3%s series I_.
A Green
gold 3Vas_.._1997
registeredAi—__-j__..___1997
85
:
85
ctfs
B
Feb
Gulf Mob & Nor 1st 5 Vis B._—
7%
AGen mtge inc 5s series A._
A-O
—1950
1st mtge 5s series C
Gulf Mobile & Ohio 4s series B.
1950
ref Term M 5s
,;
Gulf States Steel
s
For
footnotes
see
page
JrD
J-D
■44
' J-J
r 72%
72%
;
'
ref sink fund 5s
; *.'_
'
233
83
100%
88
95
97%
75%
88
73
1
84
v;LL
7
;
35
44
'
yl
'
7
:
70
7
80
79'/a
94%
96%
78%
v,
67
94%
67%
80'/a
.
*99
/
F-A
X' /Kr-
hTT-v,
{./■. V.
mrnrnrnm'
F-A
1964
,
r
.
m-mm
.
mrnrnrn
■'
F-A
.V-
' v'r
81
72
*64'%
.
'ml'** "
*75
A'
.
66
58
66
58
68
::
5T
62%
65
1
{{
'
+mmm
66
*641/a
-■
'
' y;.' ■'
80
82%
58
mmim' L
X: ■'"'>■ 5 ;•
■45%
45
75
T—*
.*64%
;
mm — m.
F-A
99% 100
*77
65
stamped'.._L.
X
"*•'
■
'
,
45
J-J
Lehigh Valley RR—
4s stamped modified.-—..^
^.2003
■
4s registered—l
L_'__J_2003 ■>
4%s stamped- modified.j...J...2003
4%s registered_______.-_>___j._2003
'5s stamped modified.^_jJw_._.L.2003 •
•
29%
JJf-N
>
66%
42%
51
48
5s_.^_.__J_.1951
i A-O
97%
Liggett "& Myers Tobacco 7s_-__i.__1944
A-O
53%
debenture..—____________—1951
F-A
122 Va
10%
91
68%
10
2015
J-J
50
51
19
46
59
90
95% >
86
92 y2
66%
74 Vi
92%
26%
37%
26
36
29
40%
30%
38%
32
46
:■
"
32%
4-^. *■
35
-
3
V.
1
5s
•
'
.
*
'
"
105 W,
•."■•'■
17
-
111% 112%
;
.
51%
117%
106
111% 115
121 ya 123 y8
14
Wv
'•
61
114
104
'
i-':.
15
122% 122%
*99%
M-N
^..196.2
56 Ya
*114% 117%
•
—
.
■'•■
—
65
86
*92
i
4
30
• :. ' -N-
36%
36
55
111%
79%
67 V*
:
>
131
33%
*29%
36%
92%
91
5
28 y2
•,
13
29%
28'/a
...
' M-N
A-O
J-J
7%
28%
•32%
v
—"■*'
32%
69 Yt
-
,
10
2
—
AT-N
;
49%- 50%
;
Libby McNeil & Libby 4s.--.i:_—1955
57Vi
8%
,
Lex & EasAlst 50-yr 5s gtd.—__J_1965
86
-
v
78%
M-S
Leh Val Term Ry ext
67 34
•
J-- ' .'mm**
'
70
69%
J-J
A-O
87%
86
1969
v.
'
L.44
89
J-J
—1961
100%
;//7'/■■>V
" Dec
Long Dock Co 3%s ext to.-.—.—.1950
Long Island unified 4s____J_.
..1949
^Guaranteed ref gold 4s_i——1949
•4s stamped
:
1949
Lorillard (P) Co deb 7s
J
..1944
•103% 103%
A-O
MS
Af-S
Af-S
967/a
-A-O
111%
•
-
96
93%
series A—1969
-
F-A
J-J
debenture...:.:...——i__
Louisiana
& Ark
1st
5s
1951
.
1
96%
96 Va
6
.
96
IK
96 %
91%
8
.
102% 103%
.92
96%
98
'
■r
■
•
D_
70
iiL'v®;/-
'
.
■79
:: '3
88
20
'
99%
A-O
J-J
97%
*'70%
99ya
72%
.
73
V
Lehigh VaUey. N Y 4%s extL.J'AA950
'5s
f 4Vis
Gulf States Util 3Vis series
; *96%
■
93 %
.
1975
stpd——1952
;
65
/._44;A
/,•
:' J-J
101%
72
97%
Gulf & Ship Island RR—
1st &
100
*100
F<-A
,
79
'107%
Feb
.....
93
98
.
(.113
/
86%
"
100
F-A
mtge income reg_j..j_A__1975
Little Miami gen 4s series A
Bay & West deb ctfs A—.
A Debentures
-
93
"
99'/4
,80%
•,
■'
'{ 18.
865/»
-
General 4 Vis series E——...—1977
JB0%
,
..
107% 107%
99
1%
31%
96
tAGeorgia Si Ala Ry 5s„—Oct 11945
t?AGa Cam & Nor 1st ext 6s——1934
Goodrich (B F)
1st 4Vis—
1956
Grays Point Term, 1st gtd 5s
94
94%
95%
102 "
%
99%
;
1964
1st.& ref, sink fund 5s._L..._.~.1974
/ v ,5s. stamped___l______J-A.___1974
Leh Vaf Harbor Term gtd 5sJ_——1954
,5s
5sL.—1949
.....1949
98
■%i«
"-r
-
;
' F-A
/
..1947
Lehigh Coal & Nav s f 4 %s A____1954
Cons sink fund 4%s series CL.—1954
Lehigh (8i NewUng RR 4s-A__
..1965
Lehigh &. N! Y 1st: gtd gold .4s_'J.;__1945
Lehigh Valley Coal Co—
?
5a stamped.JL—
..1944
1st Si ref sink fund 5s__J__„_"—195^
^
5s st a raped
_i
-J-1954
1st Si
Gas & Elec of Berg Co cons
Gen Steel Castings 5Vis
<
.*101%
99%
_ _
*
2%
65%
57% .70
12%
deposit-..—-—
105% 106%
Lautaro Nitrate Co Ltd—
98 i
:
58
•
A
''
•'
103 y4105 ya
99%
85%
A-O
1942
.Coll .trust ,6s series B____:
97
'
1—..1974
Si ref 5s series A
98%
*57 Vi
J-D
it Florida East Coast 1st 4Vis.—.—1959
A 1st
98
99%
>1%
' F-A
:
—..1942
/Coll trust 6s series A
3%s
105%, 105%
J-J
Central & Peninsular 5s_—1943
t AFla
v
A-O
:.;
....1953
Lake Sh & Mich Son
Firestone Tire &
:
'•■*•■■
•
!
'5s extended at 3%
J-D
MS
107%
*104% 106 y4
i
MS
ref 5%s series D—--L.A.1960
Coll &
108
<
Ci
'Coll A ref 5%s' series
Lake Erie & Western RR—
Fairbanks Morse deb 4s————1956
'
,
"L
••
•
§ A Laclede Gas Lt ref & ext mtge 5s_1942
:Ref ,& ext mtge 5$__-i__i_-_-_AI945
106 V*
48%
95
:
'•
V*
62
104
*103Vi
;
;•'•'/
■
tAKreuger & Toll 5s ctfs.— —-.1959
■
*106
**••*»•
70
47
•=•
"
MS
104 ya
58ya
90
48%
V
105
J-J
'
^r.,
J-J
1st cons
A———1957
M 4s series B
———1995
6y2s
.
Erie Railroad Co—
1st cons M 4%s series
ref
Koppers Co'lst mtgfe 3%s-j._.,._.__1061
Kresge Foundation 3 % notes. .'....1950
99 Va 100 %
,
Si
■
*64
:vvv:
7
100%;■
*104
i.
•
:
109
79
-
.
4.
'
91%
97%
4
111% 115
119% 120
6
119% 122%
79
12
77 %■• 84'/a
111% 113%
78%
A-O
101 Vi 101%
2
101 % 105
Louisville
Gas & Elec
3V2SJ.——1966
-
M-S
109% 109%
Af-N
110% 110%
1
i09y# m
Lou & Jeff Bridge Co
gtd 4s—;___1945
•
MS
105%
.
2
—
108 % HQ
105
106
.
THE COMMERCIAL & FINANCIAL CHRONICLE.
Number 4091
.Volume 156
231,
NEW YORK BOND RECORD
Friday
B OND S
V
New
York
Stock
Ended
Week
Exchange
&
1st
Nashville RR-—
&
ref
1st
&
ref
4 '%s
1st
&
ref
4s
2003
A-O
D—1———2003
A-O
C„
90%
Unif mtge 3 %s series A ext—-—1950
Unif mtge 4s series B ext———I960
V
84%
:'V
81 Va
81 Vo
91%
84%
A-O
2003
90Vi
82
6
80'%
86 Vi
104
104% 104%
104
104'%
F-A
M-S
"65%* 79
Mob
M-S
*
gold 3s———1980
Montg 1st gold 4%S„^*,,1945
South Ry joint monon 4s_—.+..1952
Atl Knox & Cine Div 4s—J955
62%
62%
63
99 '/8
99%
88%
M-N
109
91
:i-1"
:
Dock
1st
<
1st gtd
Steam
3V2S
f
s
1st
ext 5s__—,——1945
*'•.
lien
A-O
A-O
Jack Lans
•
100
*
,
v.' 5
ref 3 V4s series E'
&
Gas El Lt H &
gold
&
&
•••
L.—'.
■-
.
*104
106
•*■
1
897/a
,.106 -..'.'I
'
••
•
■•
0?
5.
97
*41*,
gold
West
—
"••
gold 5s_- -1948
•
40%
44.8
:
103
•
*64%
M-N
-
-
M-S
'
.
106%
-2000
"
-1973
J-D
1939
•
V-4'
55% '■■■;>
60
*53%
I
-
,
..; 1
*30%
ref
&
y.
M-S
J-J
■
:';,4
Sv
■
,
13
32
>•
deb
deb- 3'%S—i—^
M-S
A_^-1962
§ A 1st
3%s__L__—
deb
4s
ANon-conv
deb-
4s
4s
;_■_ .1947
:
§Alst
.
consol
5s_
1938
gAlst stamped 5s gtd as to int^_1938
77: 13
'
,1'
13
68
,
1st
A 1st
J-J
M-S
N Y
^
& ref
J-J
5Vis series B—
''"""7
'
——
N
1962
J-J
:"
■
o;.''
'.'9%
,■;•'
5
D————1978
-
97B
1%
-
-
ACum
4Vis
series
Y
34%
t.;
■'
1st
Pacific
39%
:
150
•
4
4
'
35%
29
29%
24%
37
30%
31
Norfolk &
19
53
3374
287b
30
M-N
1978
,
__
95
29%
8
23%
30
28%
f
,
131
.
1949
17a'
M-N
1980
A-O
21'A
.
23
l'A
1%
30%
*29'A
-'a.
of
ACertificates
'28%
'
174
33%
24'%
3274
21
deposit
—.
"v-'"r~' A
•
287B
336
30%
33%
1
10
287B 7
g A Missouri Pacific Ry—
■
2474
J:
*■■■■.
Monongahela W Penn Pub Serv—<■
1st
54
101
10
110% 111
12
;
98% 104
-
1967
110%*
1965
A-O
TJrD
•105%,
1951
2000
J -J
J-D
36%
36%
37
37
35%
40
39
40
24
35%
34%
35%
32
£7
104% 105%
51
•
.1955
5s A
>
j-j
1950
"
22
73
85
6%
12
1%
41 %
•109
'
*10%
13
v
*82
%•
109
38
'
•
14'%
'
'
*4
18'%
9%
—
4
5%
40
15%
75'%
""
l09»/4
-
5%
H.
93%
109 %
108
3'%
7 Vb
20
108% 109
108% 109%
ill
111
111
5
109% 111'%
102%
102% 103
6
101% 103%
^
-
107
29
90
5%'
2%
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1943
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21
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ry
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>
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1965
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Corp
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%
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37
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1978
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83
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1947
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——
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.
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tiSAManitowoc Green Bay.& North¬
western
-
-1951
gold 4s_,-i.i——
notes
N.Y Edison 3'As series Di_—_i.« _1965
108% 111%
,
82
82%
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.1950
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7
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4s.
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71
99 %
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N
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80
M
(South Lines)
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39
118
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C
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—
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RR
75'%
:
series
N Y
Manila
High
mtge 3'%s extended-to;„'__ -1947 '
-1974
■
&
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Range Since
January 1
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No.
75%
A
- 6s
N
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v
Bonds
■\A-0
series
1st
.
Friday's
Loio
J
105
101
or
Sale Price Bid & Asked
-
& St Louis—
5%s
•
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J-J
Paducah & Mem Div 4&-«ri,——-1946
.
93 %'
8
Last
Period
'
98
84
Week's Range
Friday
Interest
-
■
,
York Chicago
Ref
Ref 4%s
90%
1
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104 Vi'
99
25
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.
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11
"
'
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Ended July
Week
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j
New York
January 1
j\K
High
99'% 100
2003
series
series
Range Since
Sold
/
series B—,1
5s
Bonds
Sale Price Bid & Asked
Period
Low
Louisville
BONDS
Week's Range
or Friday's
Last
Interest^
.
July 17
107'% 112%
103% 106
rv-;
1st gtd gold. 4s_1948
tSAOg & L Cham
7%
7%
j-j
18
7%
4%
8%
-
Montreal
ext
Tramways 5s
&
Morris
Essex
gtd 3%s.
1st
*86%
—1955 ::.y M-N
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1955
; .M-N
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-
series A—1
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1st gtd
-
35
v
-
82
31%
'
87
43%
,
.
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1st
42%
,
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•
Gas
F
Power N
1st gtd 5s
,s
-
Prod 3'As debs——1960
Prod 3%s___—— 1949
Steel 1st mtge 3s_—1965
Nat
Dairy
Nat
Distillers
National
M-N
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A Consol
1952
1st gtd 4%s series B———
1961
N J Junction RR gtd 1st 4s—
-1986
N J Pow & Light 1st 4%S——.—-I960
New Orleans Great Nor 5s A——1983
England Tel & Tel 5s A_
New
,
Orl Pub Ser
New
1st
New
1st 5s series A__1952
—1955
Orleans Term 1st gtd 4s_—-1953
ref
&
series B——
5s
of
ACertificates
A 1st
5s
series
ACertificates
Alst
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series
of
of
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of
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.
24
100
26
*91
i
90
92
62%
61
11
..
123% 124
3
;
77%
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.
75'%
75%;
77
77
56%
-
74%
,2
-.
—1954
—
,
*
deposit
4
47
12
36%
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75%
Coast
Gas & El
.
:
*
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Y
-
45%
43
gtd 4%s__;
sec
s
1945
—
.
.
l
•
.;
'9
43
47%
47
47
72.
.
36%
80 ;
Ref
&
impt 4%s series A
Ref
&
impt .5s series C
2013
2013
1952
Conv secured 3'As
1st
Co
4s
gold 5S
1946
series G
—1964
Y
Cent
3%s
Lake
,
&
Shore
3%s
Hud
River
3%s
1997
registered—
coll gold
1997
J-J
69%
94
.
For
see
102% 104%
■
101
}A 103
102 Va 105
10
106% 108'%
—
20
109% 112%
*110% 111
110% 112%
'
106 %
29
100
101%
58
104
106%
78% 101 %
J-D
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"
•;
90
110% 113%
107% 110%
y
4
106'% 108'%
F-A
108
108'%
101% 102
101%
Ref
101% 101%
5
99
102'%
5
99
101%
85
94
84%
92'%
Broadway Corp—-.
gold 3s loan ctfs
.
.
:
__
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.
■
49
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.
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1944
,1949'
106 V4 108%
1
107'% 108%
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■7
—
105
■
—
:
105
'
100'% 103'%
5
3
62
99%'
63
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--
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—
58'%
63
45
98% 100%
11
40
—
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118
49
'
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.
——
i.
'
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5
i
.
f
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5
101% 101%
r
38
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91
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J-J
.
I960
22
107% 108
,
94
91
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J-D
f gold 4'%s— —1955
s
Panhandle East P L 3s B-l—Paramount
•
1966
series C
Paducah & 111 1st
.
—1966.
;'v
■
92
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-
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mtge 3%s
'
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v
82%
8
109
101%
J-D
M-S
39
2
89
113%
110% 110%
F-A
38
Pennsylvania Co—
Guaranteed 3%s trust;ctfs C
52 V*
50-
43%
59 Va
203
94'A
-112
93
>■'
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54'A
50'%
50'%
51
201
46
i
—1942
J-D
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J-D
4s
trust ctfs
series E
4s__j.
?.
1952
M-N
54
55'%
102
49
1960
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J-D
•
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—
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7.7.
101% 101%
103% 103%
105
107
100'% 105'%
17
i
2
--
102% 102%
102% 104'%
4
105
101'%
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■'
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105
i
—
103
105
100
104
100%
4
106% 106%
20
105
108%
101'% 102'%
23
99
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100
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J-J
——
.
f
—
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i
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_
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59%
54%
■
101'% 101%
61'
-
'Penna Power & Light 3%s__
4%s
1969
debentures
1974
69%
*
J-J
«
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64'%
25,
50%
51%
F-A
F-A
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'
46.
■27
79'%
78%
4s
50
61'%
Gen
50.
37
53
48%
ConsM. gold 4s
67-
-63%
66'%
.1998
47'%
F-A
106%
F-A
•
—
:
_1998
::
—1971
—1955
328
47%
233.
,•';;
89
/Paramount Pictures 4s debentures_1956
46%
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page
105
113
50
45%
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i.
-
6
106
•'•).'
110%
47%
45%
F-A
registered
footnotes
y.
47;44
110'/a 110%
»•■
100
J-D
—1970
§ A2d ext gold 5s
41%
42
1998
Mich Cent coll gold 3%s
3'As
.
7
J-D
37%
49%
47'%
48%
—
j-d
series K
Pennsylvania Glass Sand 3'%s
3%s_—__ 1998
registered
■
.
3s series J
& ref M 3s
Pennsylvania RR cons gold 4s *
N
d7
—1961
33/4s series H
.& ref mtge 3'%s series I__._ —1966.
.Pacific Tel & Tel
100
J-J
~
77
§APac RR of Ma 1st ext gold 4s —1938
43%
37
11
47 r:
'41
<.
J-J
1:4 J'J
39
••f 2
—•
F-A
A-O
A-O
A-O M-N,
1946
f
108%
107
74-U7
'
82
40%
42'%
1961
34"%
42%
45%
i
'
—1962
_«y.
—
Central RR 4s series A_——1998
10-year 3%s
■
101%
*105%
'77
1st
107%
34
45%
46%
V:'"
J-J
'
ref mtge
Secured
Newport & Cincinnati Bridge Co—
7.4
105
■v.—
J-J
,
1st & ref mtge
i
82'A
75
1st &
lst
>
: 77'%
75%
107'A 109'%
105 ;;
12
:\«
J-D
•
—1946'
:
mtge 4'%s ser A
Pacific
r
105% 107%
37'A
*38
A-O
i—
108'% 110
«.«.
*103%
n
72%
9
-74'A -74%
36%
:
8
•"
107
107
13
10
106% 107
*39
•
27
'
•«
•
P
117% .120%
V
103% 109%
; r
.
2
118% 118%
.|v F-A
-
7
108% 110'%
1011A
92%
Gtd
N
1st
Pacific
118%
F-A
i.
— ~
-
76
56
10
GO %
j
>
gold 5s_ —1946
cons 5s
117% 119'%
—
62'%
—-
1956
'7*7.
106% 108%
'
.
108'/a 108%
•'•
M-N
—1946
gold 4s
cons
stpd
Oregon-Wash RR & Nav 4s_
'Otis Steel
1
deposit
35
*108% 109
'
7
'
102% 104%
,
.
deposit—
5%S'series A-
?•)"» Alst
101%
*33
A-O
——1954
deposit————
C—
—-——1956
107^8
•
5S—Li- —1945
1st
con
Line ,1st
Guaranteed
103'A
101
*116'%
A-O
of
Alst -4%s ,series.D__^
-
A-O
J-J
J-J
A-O
J-D
J-J
Ore Short
62% i 69%
103 'A 105%
102% 103%
deposit
B
ACertificates
*
.
•
1935
5s
f § AN O Tex & Mex n-c inc
i
-
.
-1952
1st ref & imp 4%s
O & N E
N
*
J-D
M-N
F-A
I
50
101%
•
.
J -J
J-J
England RR gtd 5s———1945
gtd 4s.
———1945
{ANew
-
12
104% 104%
103%
>•
,
Transmission
Oregon -RR & Nav
63%.
63'%
63%'
104%
J-D
Consol Gas cons 5s—1948
Newark
F-A
J-D
M-S
A-O
'
y f-a
1943
•
Ontario
N
& St L 4s series A—+.1978
•'•
'
*108% 109'/4
——
v
,
"
107
108%
,
J-D
J-D
.w.i-
■'>'74.
*.j
•
Ontario
Nash Chatt
■••;'•
V" J-J
1966
374S—
7^
,
107%
M-S
.
1972
Elec
&
debentures
4s
.
v
M-N
1967
_
:
'
M-S
v
1965
mtge 4s
374s_
mtge
Oklahoma
:
—1943
Ry 1st 4s„:
1st
4s_
mtge
1st
106% 108%
111% ,112
Edison
Ohio
46%
.
*111% 116 A*
M-N
u-1947
5s
.;
90 V.
57
Cons sinking
45'%
56%
General
4'%s
44
49%
General
5s
sterl
stpd
mtge
374s
1943
>
series
C
fund 4%s
series A—
series
B__
M-N
May 11948
•
1970
—I960
89%
A-O
.
F-A
—1965
J-D
-1968
J-D
2
11
108'% 111
7
108'% 111
108% 109
•
89%
89%
120
120
101 %
101
101'%
107%
107% 108
120
.
.
102% 103%
as
108% 109'%
102 A 102
M-N
M-N
.
dollar.
33
4
43
8
89'%
119
94 Va
122
100% 105
107% 111%
CHRONICLE
THE COMMERCIAL & FINANCIAL
232
Monday, July 20, 1942
NEW YORK BOND RECORD
Period
*
Low
No.
High
Low
Week's
Friday
Last
July 17
or
High
21
86%
1981
A-O
96%'
96 %
97%
42
96
1984
J-J
97 %
97
97%
22
87%
813/4
1952
M-S
1960
A-O
1990
Apr
.1974
F-A
.1956
111% 1113/s
,
3s
—.1979
*106%
J-J
1980
M-N
f-a
117
J-J
'
58
1968
Gold 4 Vis
m-s
50%
50%
513/e
145
46%
503/4
50%
51%
107
46%
56%
74
46%
56'A
80 Va
89 Va
82
86 3/4
Gold 4%s
1969
64%'
Gold 4%s____.
1981
m-n
50%
50 Va
51
J-J
85 %
85%
86%
192
A-O
83%
83
83%
14
J-J
65%
65%
66
14
55%
39
1053A
South
115
120
Southern
108
112
9
9%
M-N
: ■
9%
170
103'A
2%
103
8
&
gen
6%s
St
1st
Div
89
89%
47
88
92
62%
62'A
63
55
60%
69
A-O
81%
813/4
82%
43
78%
88'/a
85'%
86 3/a
28
80
80
,.1956
.1996
A-O
85%
J-J
80
gold 4s_....._.1951
J-J
„
gold 5s____
Div
Louis
70%
89%
A-O
1st
5
Bell
Southwestern
10
1st
102 % 1033/a
ref
&
Tel 3%s B
2%
deposit-
*1%
''
'
-
'
1951
13A
3
J-J
1968
2%
Stand
■
Oil
2%
guaranteed
4%s
C
deb 3s_____„__—1961
debs
debenture
...
M-N
1945
*105% 107%
•
105% 106 %
—
V'ii*
*33'/a
Swift
,.
i
100V8 102%
10
103
103 3/a 105%
104%
104% 104%
30
108'A
M-N
108% 108%
1Q
103 %
8
103
-i
*1023/8 102%
—
40%
33%
A
2
102
104% 105
105
m-n
—1961
Co 2%s debs
104% 107
35
102
:/
•' :
J-J
1956
1
.
.•
J-J
1953
1945
6s
Superior Oil 3Vis debs
&
Apr
J-D
1023/8 102 3J
M-N
84%
86 Va
109% 11134
*10534 106 3/a
r
F-A
23/4s
Studebaker Corp conv deb
1942
•.
1966
Calif
of
Standard Oil N J
97% 102 3/a
20
100% 100%
J-J
Pittsburgh Cine Chi & St Louis—
Series
1st gold 4%s._2013
ASpokane Internat
21/B
__
~-
92%
79
79%
'
*111 % 111%
J-D
1964
series C._
3s
,
'
of
ACertificates
J-J
1937
"
*
V*
--
■
•
83
6
83%
*80
,:v
HI
i
303A
5
/
10
9%
'
V\
-.-4
6s
Mem
99V4 1021/a
24
gen
61%
J-J
1956
.1955
1994
4s series A
gen
57
1956
&
Devel
1093/e lir/B
1950
gold 5s
cons
&
Devel
90% 1053/e
4
219
Ry 1st
Devel
107% 109%
1
..1946
1st 4s
1st ref gtd 4s
RR
Pac
33/4s
Term
Fran
San
103
1
30 3/4
29 %
secured
10-year
64'A
1043/4 108
__
99
98%
•
5
:■
117
107 Va 107'A
30%
M-s
1962
60
49'A
74
*102% 103
j-j
1949
m-s
553/8
lll3/« 111%
111%
j-d
1973
64%
50
128
63 %
60%
99
M-S
1971
50%
52%
533/8
11
117
'
'
J-J
1967
42
57%
22
*110 Va 115
J-D
1961
60%
52 Va
■
,
60
103 Va 103%
103%
1974
1981
59%
-
....
69%
60
—
1977
.1943
(Cent
m-n
105% 105%
CO
J-D
1053/4
*56'/a
593A
J-D
Pac coll)
Aug 1949
registered
1949
1st 4Vis (Oregon Lines) A__;
1977
106% 1073/4
__
102
I
Pacific Co—
4s
7%
103% 106%
10
103'A
59%
'
~
M-S
1952
4s
High
106% 1073/4
13
106
103
--
•
47
33A
8
Colo Power 6s A
Low
7
68%
J-J
'
j§APhiHppine Ry 1st s f 4s.
No.
High
106
106
J-J
1947
debentures
Southern
Southern
89
37
6
4%
4
93%
100%
1103/4 113%
9
■.■
40%
40%
J-J
1956
89
86%
87%
A-O
1947
88%
88%
A-O
1970
Range Since
January 1
Sold
107% 107%.
A-O
1962
& Tel 3%s
Tel
Bell
''-•.
•
Bonds
96% 100 %
76
Range
Friday's
Sale Price Bid & Asked
Period
Low
South
(Continued)—
Pennsylvania RR
Ended
Week
Interest
Stock Exchange
New York
Range Since
January I
Bonds
Sold
East
Interest
Stock Exchange
Ended July 17
Week
BONDS
Week's Range
or Friday's
Sale Price Bid & Asked
Friday
BONDS
York
New
105 Va
107% 110
100% 103'/a
1013A 103
"
--
■
.1949
f-a
Series
F
4s
guaranteed
.1953
j-d
Series
G
4s
guaranteed.
.1957
M-N
__
*111%
*119
M-N
*119
120
1970
1975
A-O
1977
r-'
J-D
J-J
v
4
99%
21
993/8
■
121%
104 % 109
10
104 '/a 1043/4
■
•
.
104% 105%
..104%
r
121
118
120%
99
Jl:
-
4%s A
conv
/
•>;
;•
M-S
.1952
*98%
mtge 4V2S—.
mtge 4%s series B__j—
Pitts Va & Char 1st 4s gtd—
1950
j-d
1943
M-N
4Vis series A
.1958
mtge 4 Vis series B—
1959
mtge 4 Vis series C
.1960
a-o
Young & Ash 1st 4s ser
.1948
j-d
1st
Pitts
& W
1st
1st
Pitts
1st
1962
97
__
57%
1
55
56%
57
6
55 %
56 3/2
56'%
57%
.,55%
■-A; - 8
J-D
;;
Elec
5s extended
1st
Texas
1
*101/121
.
.
ft'.
El
Potomac
1st
Pwr
■Ll.;
,
■
j A Providence
Terminal
4s
Publ.c Service El & Gas 3%s
1st
&
ref
mtge
1st
&
ref
Public
5s
of
Service
A
ref
&
series B_
5s
ref
5s
series C
—1979
ref
5s
series D
-
A
Ry 1st ref 4s
Ave
—
•
-
J-J
-1956,
deb 3%s
Republic Steel Corp 4V2S series B--1961
Purchase money 1st M conv 5%s 1954
Gen
J-J
Rand
RR
Ave
m-s -
-I960
Tol
&
Tol
St
Louis & West
Tol
W
Va
Toronto
Trenton- Gas &
221%
Elec
gold 4s
1946
gold 5s_„1949
deb A—.
1953
...
V/.:'
;
67%
27
'■'
733/8
82 %
:
.1971*!:
73%
82
.1945
97% 101
.1959
79
100 Va 104%
17
104% 106'A
101%
53
100 3/4 104%
100
31
98
100%
101%
100
,
"
M-S
3%s series I
1967
M-S
V
1969
M-S
v.-'v''''
1934
M-S
,
39
1 :.v
51%
101
39
Union
mtge
Gen mtge 3'As series J
t§AR I Ark & Louis 1st 4%s
..
..
m-s
24 %
51
12
.-
St
Lawr
2d
J-J
gold 6s
—
U
106% 107'A
Z'-
5
10 Vi
16
N
J
RR & Canal
United
4s.„.
gen
614
15
4%
73/#
7 Va
196
5%
9:,
Steel
States
Serial
;.
6%
7A.V
M-N
1933
55
55
*__
106
:
70 Va
lien
5s series
of
ACertificates
A Cons
4 Vis
M
1959
J-J
10
36%
J-J
._1950
75
A2d
4s
69%
75
45%
ref
&
89
2
79
89
65%
67
15
55
67
13
13
13%
123/4
123A
13%
14%'
l
177
133
.
■:
10 3/a
11
-44
A
16%
11%
■:/10
16%
18%
13%
14%
14
14%
133/4
133/4
13 3A
10
12 3/a
77%
7734
78
19
76
82
S A
Union
.—Nov 1989
J-J
70%
32
57
76
1952
J-J
21
31
Ar
&
Pass
1st
1990
J-J
15%
29'A
1st 4%s
V &
ISeaboard
§ Alst
.
1941
70%
24%
44 Va
24
,
71%
44
■
24 %
F-A
A Adjustment
_1943
J-J
.
.
;
'
6
t.
M-S
of
A-O
15%
*100'/2
series
B
Oct 1949
F-A
•
1959
A-O
124
•
-
1975
.
-
M-S
8%
M-S
F-A
1935
F-A
1954
J-J
2%s sinking fund debentures__._1961
t§ASilesian-Am Corp coll tr 7s
1941
26
7%
J-J
Skelly
Oil
Co
2 lis
debs
debentures 4s
3s
& Nor Ala
For
RR gtd 5s
footnotes
see
page
-
-
A-O
1950
100
z+*1
»r.'
~
u—
'■
100% 100%
•
—
100% 10u%
—
*100
*100
z~,
100% 100%
•
100% 1003/4
'yzz
'*■>
100%
"'v
1003/4
100% IOO3A
•
'
"
100% Id3/,
M-N
*100
1 1946
M-N
*100
:
M-N
*101
101'A
11947
M-N
*101'A 102'A
M-N
*100 3A 101
100
1 1948
M-N
*101
100% 101%
May 1 1949
M-N
*100
*101
Nov
11949
M-N
—.May 1 1950
M-N
1 1950
May 1 1951
M-N
*100
■
,H.
•
-'z**'.'•'
.-
'101
1 1951
M-N
*101
*100
v
;•
•
'
■
101
*100
Nov
1 1952
M-N
May
1 1953
M-N
Nov
100% 101%
100 Va
lOOVs 101
100'A 101%
100
'■
101'A
100
102%
M-N
Nov
—
100%
100%
100
101
...May 1 1952
-
2.35s.
100% 101
100
*101
—-Nov
—.
100% 1003/4
100 Vs 101
——
UJ,'
:
101
*100
M-N
Nov
—
—
z<* '
101%
z*i»
100 % 102
1
"
100% 103
May 1 1955
-
-
124
-
——i
United Stbckyards 4%s w W——
&
1964
J-J
A-O
93
97
F-a
4s series A—;.1955
F-A
'
■
5
96%
-v
100% 101%
100% 101 »/a
100 3A 103%
93 %
■:
,
97
95%
96%
ref 5s
^
*102 %
A-O
^
.
96%
;
.6v'
91%
973A
102
93
38
,45
93% 101%
109%.110
4
1093/s 110'/a
74
1
.
4
12 V*
123% 125
•
24
1%
7%
6 Va
7%
-
6 %
Cons
s
f 4s
22
•
3
14
17%
10%
17%
•Va
1
.
2%
Va
Iron Coal
4%
9%
Va
&
8
4
8%
9
70
5%
11
8%
43
5
15
Elec &
cons
g
series B—,—1957
Pwr 3%s
&
series B
Coke 1st
:—1968
gold 5s„1949
Southwest 1st gtd 5s_
.
*108%,
*108%.
M-N
M-S.
7.4
M-S
..
J-J
1958
A-O
Virginian Ry 33/4s series A_—„1966
Jtf-S
1st
cons
5s_
69
68
68 %
107% 108!'#,
v
753/4
91
90
2003
3
68
:
94
67%
75
105% 109
10%
26
-
26%
11
6%
7%
111
6%
7%
25
97
97%
15
98%
1
2
1
105% 105%
11
*121%
Va
3%
4
27%
834
W
83/4
95%
97%
973/8
99%
79
35
102% 103%
101% 101 %
105%
M-N
A-O
&
1
1951
1944
1st
•
101
101
Light 1st 5s.—.1944
& Trac
Power
100% 102
5
*100
101
101% 103%
1
17
15%
*31
103%
NOV
.——
2.65s
-
M-N
101% 101 Va
M-N
M-N
1 1954
—
2.60s
3/8
1 1953
——...May 1 1954
2.50s
100% 100%
99 % 101 /
21
98%
F-A
1963
233.
7%
97%
F-A
1952
debentures........^
Socony-Vacuum Oil 3s debs..
South
M-N
M-N
—
2.45s ' —;
7%
-
1933
ctfs
7%
6%
.
certificates..
Oil
100
a__
May 1 1948
2.40s
7%
14
103%
*1
t § A Atl & Birm 1st gtd 4s__.
Union
1043/a 105
z,<m
100% 101 %
•
...1950
A___.__
A
97%
104%
*104
'
101% 103%
&
103
*12%
deposit.
Fla 6s
zmm
May 1 1947
'Vandalia RR
:
series
6s
f ASeaboard All
Simmons
100 A- 100 A
*100
103%
A-O
1945
Shell
7
M-N
A 1st
A 6s
l663Ba
22
1989
i.
cons
;
M-N
—Nov
173/a
2%
9%
8%—
:_1950
i
§ARefunding 4s.____
ACertificates of deposit.:
ACertificates
773/4
1 1945
Nov
2.30s
V
Utah
103% 103%
M-S-^
j.1952
....
5s—
69
90%
1 1944
.Nov
—
173/4
Air Line Ry—
stamped
15
41
May 1 1946
11%
3%
*1%
8%
A-O
5s______1942
gold 4s unstamped...
§A4s gold
77%
95
May 1 1945
11%
84
*77
J-D
J-J
.
-
1971
gtd gold 4s
1st gtd 4s.
N E
.
1947
:
Schenley Distillers 4s s f deb__
Scioto
»'
gold 4s_1968
1st
m-s
n*,
95
51
Depot 3Vis B_._
Santa. Fe Pres & Phen
1944
99
94 %
'
•
*100%
Nov
2.55s
K C Sh L gtd 4%s
P &
Paul
m-s
99
95%
102% 105%
9
103% 107
M-N
2.25s
17%
M-N
:
_1989
gold 5s series A
Paul E Gr Trk
JASt
St
A-O
95%
:
59';
*106
A-O
*100'A
-
2.15s
.Utah Lt
..tSASt
% 103%
—May 1 1944
2.10s
;
13%
deposit stpd
St Paul & Duluth. 1st cons
V 103
M-N
—-
2.05s
M-S
1978
§ A 1st term & unifying 5s
AGen
103%
108% 111
25
:•■<=; 1
96%
96'A
1 1943
2.00s
33
:.
87%
—
J-J
deposit
bond ctfs
inc
11%
98%
•96
4
i
*100V8
1.95s
13%
certificates
bond
4s
■■
96
i
A-
*100
Nov
1.80s
60
67%
.
14
12 3/4
1950
series A
ACertificates of
111%
6
99% 102 Va
96 Va
J-D
■
M-N
1.75s
ISt Louis-Southwestern Ry—
A 1st
'
m-n
M-N
1.85s
75%
35 3/a
J-J
M-S
1955
B___
i
-
106%
r'.
109% 109'/a
109 V*
a-o
1 1942
Nov
-
-
2.20s
APrior
—
Corp—
—
1.625s
96%
107%
55
,
70%
*70'A
tASt L-San Fr pr lien 4s A___
ACertificates of deposit
2
98%
..May 1 1943
.875s
1.00s
85
70'%
deposit
Rocky Mt & P 5s stpd
v-
105
'
debentures
1.90s
1st mtge 5s
Pub Serv
L
St L
91%
"106% 109
A-0
JASt L Peor & N W 1st gtd 5s—1948
St
96 %
95%
J-J
1996
of
ACertificates
*;
108
y:'k
'•
98:
98 Va
Vs
:
j-j
.1952
& Southern—
§Riv & G Div 1st gold 4s
AV
*9
j-j
1953
53A
/
J-J
1996
i
Mtn
Iron
V
•
191%
109% 109%
Zv*-
13
13
A-O
1947
1st 4s.
-
*100 Va 101%
■
109% 1093/4
*107 Va
J-J
1941
„1966
1st gold 5s
Adir
&
St Louis
A
Island
Grand
100
•
-
110% 110%
....
F-A
.1955
3%s debs
United Biscuit
"'r"
J.L
v
mtge 3%s series A—
1.50s
&
88%
'^Z"'
♦105 % 106%
.1980
26 3/a
V
■;
■J
*109
Ref
1.375s
Jos
*116'A
>
.1971
1.25s—
St
101
90%
813/B
.;•/ 12
84%
RR—
Pacific
1.125s
Saguenay Pwr Ltd 1st M 4%S—.
85%
-
80%
55.;
80'A
*—
.
'
_1949
t A Rut-Canadian 4s stpd_^
|§ARutland RR 4%s stamped
80%
84%
v.
"
A-O
.1947
533A
'
Gen
'Z*-
j-j
m-n
.
.1967
debentures—...
•3s
53%
M-S
1967
1
23%
.
51 %
49%
24
51%
"
••••
_1977
_
18%
98% 101%
76%
11
100
A-O
coll trust 4s A__„ _1949
&
57%
12
99
105
103
104% 105'A
mtge 33As series H
El 4%s series D
15%
473A
77
*100
:
1st
Tri-Cont Corp 5s conv
33
101
51
cons
69
>7/102% 104%
54
14 Va
J-D
18
101%
v
J-J
Gas &
69'A
58%
53%
84%
M-S
Buff 1st
&
Ham
>•••'
A-O
7 6'A
101
iSARio
Alst
70%
57%
*99%
J-D
-
1942
76
101
J-D
Gen
58%
3
10S% 103%.*.
14%
1950
1st 4s_
Ohio 4s series C
&
74 %
*
•.
J § A Rio Grande June
Roch
5
.,20
-■-./■.
60 3A
'
98% 102'A
.
■
t-
J-J
Ohio Cent ref & impt 33%s„1960
75%
753/8
'
M-N
1st gtd 5s__ _1939
Grande West 1st gold 4s_ _1939
61
W*/;vr
•
"
Copper & Brass 3%s
99% 101%
fi* 1
/34
61'/a
60
533A
.1970
Revere
60'A
60
A-O
gold 5s——.1937
1st
100'/a 101
76
-
M-N
M-N
105%
104
U
F-A
1956
mtge 4%s series C
92%
104% 106
34
108% 110'A
753/4
75
v::/75«/2
J-J
Gen & ref 4%s series B______^^-1997
r
1
A' 60
.
J-J
_Jan 1960
income 5s
Adj
95 y8
144% 144%
"104'/a 104%
A-O
-1997
& ref 4%s series A____
Gen
Remington
<;
99%
60
.
J-D
1960
98%
;
60 V3
A-O
1980
R
Reading Co Jersey Cent coll 4s___-1951
100'/a 100%
—
99%
A-O
—.1977
&
7%
216
109% llO'/t
J-J
105%'
v'V
;
J-D
..2000
&
§AThird
108 Vs 110%
221%
221%
A-O
Purity Bakeries s f deb 5s__,_,_—1948
.
*143%
221 Vi
J-D
J-J
Gen
87%
80
80
110 J/4 110 %
—
86%
3
5%
*5Va
J-J
111 3Vis——1968
Nor
78 Vi
92
''87
"83%
J.J
1943
Tex Pac Mo Pac Ter 5%s Al—i—*.1964
*107%
M-S
__-__2037
—2037
mtge 8s
gold 5s_u._.^^
com
"
107 % 108%
M-N
1957
—-1956
:___1968
105'A 105%
Pacific 1st gold 5s—.
&
Gen
105 Va 107%
J-J
_1951
5s
$ A Providence Securities 4s
105% 106
m-n
—1959
•— a.
HO3/*
103
85%
2
A-O
1965
deb—:
108'A
86%
86
F-A
:
3s
122
109
/: : 101
'
hv *102% 104%
W\-'.V■•ZZ
'
5
'
—1950
Gen
,•
>;u
103
86 Vi
85
O
N
&
Texas
—
*105%
J-J
3%s.—.—1966
M
Pressed Steel Car deb
•
85%
J-J
—1950
J-J
}20
107
7
A^'i'
'
643/B
120
119
—
'ay- M.v
M-S
4%S—...—1960
1st
to
1953
110%
Company
Third
Portland Gen
107
110
64%
1
v__.
107
J-J
debentures—
3s
108
107
*118
J-D
'
'
'
*108
y''"J
64%
57%
•
Texas
■'/
~—
57%
v
98 %
97
.
120
•F-A
5s
1st cons 5s__
f gold 4s
s
Texarkana & Ft Smith 5Vis A
v
■
■'
1
'
F-A
.1977'
series C
,5s
gen
4Vis series D->—
1st
i
"
j-d
.1974
5s series B
gen
1st
.
1st
Va
vr%
:
>;
-120
1944
mtge 33/8s series Bi.1974
refund
Ref & impt
97% 100
__
*96
a-o
Steel
1st
99
J-D
1950
Pitts
95% 104'A
*96% 100
10
1951
St L
Tenn Assn
Gen
Pitts Coke & Iron
V
T
J-J
Tenn Coal Iron & RR gen
103
99
v.Vf~i i' k
.t
.
-
104% 108%
;•:
r
111%
118
*111%
F-A
.1964
J
F-A
1963
f '
112%.
"v1'.'-'
''
•;
112
'110
_l
Ill
.1960
Series
111
:r •".*•"
-*1-11%
j
"
• V
/
—
77
tWabash RR Co—
100% 103%
993/4 103
§ A 1st
104% 106
AGen
1st
gold 5s_
—
mtge 4s series A
AGen
mtge 4s inc series A„
mtge inc 4%s
ser
B„
1939
1971
—1981
1991
...79
«71%-*-
JU-N
75
88
80%
J-J
77
76%.
77%
167
J-J
34%
34%
35%
72
34%
50
29 3/4
209
28%
39%
J-J
28%
28%
OPf^kSi'^Wrte'Al^Jyf-' whUttft W.'A) J >:/(' >
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4091
Volume 156
NEW YORK
Week
Stock
Ended
July
1
Last
Interest
Exchange
Period
<
Low
.1976
& gen 5s series D—— .1980
A-Q
A-0
.1955
A Ref
>1-0
5s series B
-
4%s series C
gen
Sale Price!
.2361
28
42%
J- J
J-J
26%
1954
J-D
27 %
1949
.1948
M-S
.1941
85%
'
■
101
MS
:-v
86%
100
'•
:
M-S
101
S
Winston-Salem
95
101
81
36
1st
B
92%
^
receipts
98
.w
95%
•
98(4
93%
47%
Ill
16
10
114
90%
95
104% 106%
100% 103 Vm
114
42%
J-J
.1949
42(4
45
114
37
50%
37%
103
45%
'
'
:•■?; A Deposit
4
106%
106
50
37%
102% 104.
--4
111
High
37 %
♦102% 103%
-V
.
1
—
92%
106
V
64
J-J
1960
4s.
106
96
28
M-S
A-O
Low
No.
41%
♦10374
Range Since
January 1
Sold
42%
111
J-J
1947
101
35
98%
95%
98
99
1
1955
88%
83%
11
100
100
'.'w^
42%
'•
1966
6s
Bonds
High
41%
27%
2361
22%
—
Range
Friday's
or
Bid & Asked
Low
22%
♦25
—
.
Last
Period
24
2
25%
* 24
„
Week's
Friday
Interest
Exchange
July 17
High
24
1
26%
25%
^-0
Ref gen
ARef &
Low
No.
Stock
Ended
Week
1
January
York
New
Range Since
Sold
High
26%
V
25(4
F-A
.1978
.1955
A
:
MS
t A Wabash Ry ref & gen 5'/as A— .1975
Bonds
Sale Price Bid & Asked
-
BOND RECORD
BONDS
Week's Range
or Friday's
Friday
BONDS
New York
231
106%
♦35(4
1936
43%
15%
-
16%
16 %
M-N
■
_
—
9
46
35
'
Warren RR 1st ref gtd
1943
1945
1st 40-year
1945
Gen
-
5s stpd gtd
mtge 3%s_—
1st mtge 3%s series I
V
J-D
Z.z
—
♦99%
■
V
J-D
119
107% 110
'•
.
1
110
84%
85
70
84
1st
N Y &
West
Pa
96%
,4-0
MS
gold 4%s_—1950
M-N
,—1951
1960
1951
MS
MS
—
„
Western Union Teleg
gold 5s___
30-year 5s___
Westinghouse El & Mfg 2%s
25-year
.
V
,
,
28%
30%
83
20%
30
20%
82%
84
83
81%
83
79%
50
101% 101%
10
—
—
•/
M-N
SNegotiability impaired by maturity.
Accrued
12
101
102V»
99% 100
29
99
100%
100
the Bankruptcy Act, or
A Bonds
the dollar quotation per 200-
price represented is
of $4.8484.
rate
77 oC
as
♦Friday's bid and asked price.
100% 101%
tThe
interest payable at the exchange
being in bankruptcy, receivership, or reorganized under Section
securities assumed by such companies.
t Companies reported
,.88
77%
85%
3
101% 102
M-S
.1960
Deferred
pound unit of bonds.
81
50
79
'
M-N
''/•
15
79%
J -D
12%
delivery sale not included in the year's range,
d Ex-interest,
e Odd-lot sale not
included in the year's range,
n Under-the-rule sale not included in the year's range,
r Cash sale
not included in the year's range.
■
;
32%
79
:
.1948
mtge s f 3%s series D—_
a
32%
145
81
r j/82%
u
1013i 104%
1
.
30%
28%
29%
.
95% 102
7
10131 1013i
gold 4s_——1943
1st 5s ser A—1946
1946
gen
jAWestern Pacific
A5s assented
v
84%
AS
—1952
4s
series A———_1977
ref 5%s
&
1st
12%
91%
96%
Youngstown Sheet & Tube—
Conv deb 4s
i
!
111%
1st
Maryland
Western
108%
105
20
♦„
3*
108% 110
4
'
121%
111
111
••'
9
__
109% 109%
♦105% 107
107% 109
108% 108%
—
30%
;
J-J
.
121%/;,
♦108% 120
J-J
...
A-O
J-J
1943
—
♦119
MS
—1966
■'
—
1968
1971
86
104 Va 105'A
F-A
5s E_——1963
Penn Power 1st
West
F-A
1950
1967
guaranteed 4s
Westchester Ltg
ACertificates
40
69%
86
86
Q-M
,31
351/4
*33
F-A
gold 3%s__2000
Washington Central Ry 1st 4s__
Washington Term 1st gtd 3%s
No sales transacted during current week.
■-•./■/
selling flat.
'■J!
11181811: NEW YORKCURB EXCHANGE
in
in
footnote
a
the
In
furnish
we
complete
a
STOCKS
■/ '•/
York
New
i
k
•
Curb
■
ft/; f;
July 17
.
common————.-..10
Supply Mfg class A_____—
1
'
Class'
Air
Associates Inc
Aircraft
Air
;
Corp__
Access
Investors
(N J)
_
common-
r
J-:.'-J
•
400
4%
Mar
20
Mar
4(4
Feb
22%
5% Mar
Jun
5
5
1%
1%
v.
100
Jan
Atlantic
Coast
Line
Atlantic
Rayon
l7/8
iS May
Air-Way
Electric
Alabama
Great
preferred
$6
*
*
;/-~ft/
Alles & Fisher Inc common—
Investment
Alliance
Allied
Allied
Inti Investing
Class
A
conv
Bros
common——
preferred
Apr
Atlas Corp
iV
Jan
Atlas
Drop
1V2 July
Atlas
Plywood
Aluminum
Ltd
"w—
—
50
18
///:■/•■ 25
91%
'
96 "■■•:/•■
101%
550
100% 101%
»
6
5%
common
*73
73
-
American
Box
American
100
"■//'■
__
Co
Board
common-
—
B
4. ■— ■
Cities
American
class
Class
Jan
Baldwin
Jan
5(4 July
Apr
warants
Purchase
7(4
w-
V
Baldwin
Barium
Stainless
Barlow
&
Rubber
ft
Apr
24(4 May
Jan
4%
%
Feb
%
Apr
Feb
Basic
Jan
y8
Feb
Baumann—See
Jan
9y2
Jun
Beau
/'
5%
Jan
6%
Feb
Beaunit
125
4%
Apr
14%
Jan
Beech
(4
4
50
35%
.
..
v
13
Apr
35
10
Jan
%
Va Mar
300
ft
35
35%
35%
Gas
American
$2.50
12
17
35
July
common- —10c
4174
Hard Rubber Co
American
Laundry
American
Light
Mach
preferred
American Mfg. Co
2
\y\ vY
300
2
i
20
30
13
21
A;" '
;
10
Bell
24
21*
Potash
American
&
_
.
-——
Se&F-Kap
American
»
.
■„
'.
"
/
■
■
—_2
common—
/«
Aircraft
&
$6
1st
preferred
5%
-j,
2
,
American
Writing
Post
"
-
—
; 7yg
Paper
45
a3a
i
Feb
Bliss
Arkansas Natural Gas
■
class
Common
6(4
A
common
Feb
Jan
10
Arkansas Power & Light $7
Aro
^Art
Equipment
Corp__
preferred-*-
Jan
Blumenthal
Jan
Bohack
Ashland
Oil
&
Refining Co—
Associated
Breweries
Associated
Electric
American
7(4
$5
of
Borne Scrymser Co
Jan
Bourjols
Apr
27%
&
Electric
20
/
400
6%
-
Apr
2%
l7/8 Mar
1,000;-
S
Jan
ft
Jan
s*a
7(4
;
Jan
$5
2d
2%
Jan
~iv*
100
97 %
-
200
Jun
.
2%
2%
Laundries
For footnotes
83
-
83'
100
common
see
of
Apr
9
Jan
103 Va
Jan
Apr
6%
76
Apr
Mar
Jan
1
% Mar
'
•?..
1%-Jan
77/b July
Brill
,■
Corp
Class
7(4
Jan
1
Jan
6% May
'
7%
Jun
4% May
7%
Jan
3%
50
//lOO;
Jan
4%
Feb
8%
,
,
Z
—
■
__
21
—
87/8
2V8
22
Apr
200
1%
10
Feb
Jan
9% Mar
6% May
3,000
—
3%
Jun
Feb
108
Jan
117
Mar
30
Mar
34
Jun
34
—
Jun
34
Jun
,
iV
^
,
500
—
—
%
Jan
Feb
ib'
9
-*»
10
Jan
Jan
38%
Jun
Jun
..
—
—
—r
33'A
»«
.:
33 V\
—
—
,
;;';.
;
.
—
Feb
%
27
.
'
—
30%
Jan
Feb
Feb
Jan
5
3
Mar
34
-
Jan
Jun
42
1% Mar
—
Jan
35
Mar
33 May
Mar
5'A May
6%
Jan
i*6 May
_
.
5
4'A May
—
30
^
—?
,—
—.
.
16%
600
5
5
—//<).—
36
36
—
Apr
A
1,900
200
50
13
Jan
Jun
Apr
—
.
8
6
2%
10 V*
——
/ HV2
Je
—
•
'
—.
—
—
1%
—
Va
Jan
--
1%
7%
8 V*
4Va
7%
/ 8%
4y*
.
1
Fel¬
2
1*4 May
200
Jun
^
—
,
87(4
Jan
—,—:——
•
7%
8%
4%
4%
2,900
500
2,000
•
7
l's
Jan
Jan
77/8
Jun>
10% Mar
May
Jun
8%
May
4%
19
8
Feb
Am
Jun
5%
Jan
37/a
Jan
4%
.
20%
Janr
1%
2Va
common
!_
*
,
Oil
Tobacco—
Co
—-
100
1%
52
60
55%
Jun
40
Jan
A May
V* July
100
Feb
Apr
3%
Jun
Feb
14 V*
Jan
;.
/
—'
—
2%
Jan
-Jan
1%
—'
f
—
•
300
20
48%
(/(■;'■;■•
A
/
2Va
—
47V2
Jan
.
57 V2
57
—
'
American
Am
1%
—
-100
American
British
Jan
—.
—
-♦.
-
;
;•
:
*
-
4
Mfg Co
Class
474
class 'A---.
B
"
British
6(4
-4—"
—
100
Machine.^
preferred—
Brillo
__5
—
12(4 May
■
31%
Jan
Mar
13(4
Jan
8%
Jun
9V8
Jun
6%
Jun
8
Jan
y4 Mar
\
1
Jun
2
Jan
30(4 Jun
—
/
;
10
—'
—
—
v
:
:
;
.
£1
Jan
1
4 %
4%
4
600
._*
11%
11%
25
11% July
3 Va
3%
100
2% Mar
dep rects ord bearer
dep
Jan
British
3% May
British
13
Am
ft
1
y.r
;ir
500
Jan
1/64 Jan
A
Jan
ft Feb
*
%
Jan
% May
*
Va
Feb
y8
page 238.
common..
Preferred
1% Mar
tJ Jan
9i.%
l
America
Lgt & Pwr
Aeronautical—
Bridgeport
Apr
—
preferred—
Associated
83
100 '
200
Traction
Bridgeport Gas Light Co
Jan
Feb
•7% July
-
500
12
Jan
3%
Mar
3%-Jun
2
7%
5%
38'A
100.'
i—*
*
preferred—
•Brewster
:2% Jan
2
-%
33%
Feb
is
"
100
7%
7%
34
*
common
1st preferred—
Breeze Corp
Jan
48%
.J
Apr
Apr
-
>
Inc„■
Bowman-Biltmore
Jan
33 Va
400
96%
•
Jan
Jan
"
61% Mar
May
4%
:
July
—
—
Jun
28% July
Feb
£1
Canada-
Jun
2(4
3
—
—
,
1st preferred
Jan
\
~7%
Co common
%
Industries—
dep rects reg
§Associated Gas
Class A
'
Jan
18
300
111
—
*
:*
__100
25
*.
& Co—
(S)
(H C)
24
1
^
Metal Works common..^
Feb
Apr
5
July
11%
X:
*■•:/ 85
Iv*
97%
L*
j,
35
400
2
111
1
12%
Blue Ridge Corp common
—;
1 J?4
$3 optional convertible preferred—*
—
Jun
600
•
non-voting
preferred
May
4%
200
%
8
J-
(E W) common
Jan
'ft 50
2%
3'/2
—...;
A
200
45
287/a
—
.
—
$2.50
preferred:
:
:—...——•
Birdsboro Steel Fdy & Mach Co com--*
»
"
Jan
28 %
600
,
Blauner's common
18% Mar
iv< iv*
2
Angostura-Wupperraan _____—
____1
!Apex-Elec Mfg- Co commons
pfd_„100
Feb
3%
15
Jun
2,100
27/«
—
.?
———1
Jan
79%
:
2
21%
'
8
—.
———*
23
Apr
2%
common—.♦
-Appalachian Elec Pwr 4%%
"
,
—.
—100
preferred—
/Bickfords Inc^ common
26%
Apr
39
5%
ft
■
45
5.
Fence-
Feb
Jan
4
7%
,
—*
*
18
-•
18% Mar
.
2,000
j-
-Anchor
3%
7% Mar
—____1
common
Jan
1%
_*
—a
Jian
2%
13
25
;V:
—
20
1
Hedges common
Jig 50
/
2
American Superpower Corp common—*..
$6 series preferred__.;-—_i—
American Thread 5%- preferred
;
—10
of Canada.—
Tel
J i.'-i,i
24
'
:
'
?
:
5%
————1
convertible preferred—
Brazilian
•
2%
14Va
U
—
\'J
32
Apr
21
,
}■
■
11
f
50
3,100
.A* J; V"'
10
4_
Jha
Jan
2% May
2% Mar
800
100
'
.
3Vz
lt
28%
27% May
:
"■
ft
Chemical.
Republics—
American
3
28%
5
common——
"Ludwig"
2%
104
May;'/
24% May
^
50
..
■■■
,4'
1
Meter Co__——
American
J—
.
1%
25
'
100
Co
•1%
Jhn.
Mfg—
Seelig
Convertible
20% Jan
'
•
—•'/
100
common
Maracaibo
'-"J • *>
*•
10%
v"
Preferred
American
12% July
100
-
30
13
10%
_
Apr
'
:
1
_4_:
800
16%
Feb
13% Apr
82% Mar
2,500
95(4
-
I ■'
& Trac common. —25
6%
17%
94%
v
25
__
2J/2
20%
>
%
—.1
Aircraft Corp
Benson
Jan
> e
10%
150
1
preferred
ie
7
Jun
12% May
2%
21%
1
common
Mills Inc common
Bellanca
Jan
July
28% May
2,600
12%
,17
—
Corp
convertible preferred
American
i-
—10
Electric
&
General
convertible
$2
...
preferred
4% %
American
6
100
—„
2%
Steel——..
Berkey & Gay Furniture.
12'//':/
•
.
V* Mar
200
15%
Jun
71
Jan
4(4
5%
5%
Co
Brummell Ties Inc
65%
Jan
10
common
3%. Mat
19
__
common
Refractories Inc
500
35
for
convertible A
$1.20
$1.50
class A——
Hoe
21V* Jan
Jan
Feb
Va July
% May
Apr
6
5%
.
25
&
Jan
3
—
—
—30
Apr
Jun
5
v-".5
.
•
Fork
27/8
2%
14Va
—
*
preferred
78 (4
102 y2
3%
//'"/ 4-.'//
•:4
25
non-voting_
22
May
4
Locomotive—
12%
Jan
Foreign Power warrants
American
2%
27/2
1
Wilcox Co
20%
vv
—
Cyanamid
Class B
American
114(4
Light—
—
A
&
50
■
1
———
Class B—
American
Babcock
July
73
'j'V'n //>
•
A
' *
-
—
—15%
Machine
Feb
105
7%
IV
'"'/tLw
&
Power
Convertible
Jan
109%
Jan
90%
V?/
24
24
'i
:•.
_
__
3
75
V
1%
—
1
-
Collieries
Patoka
Ayrshire
19% Mar
50
-10c
preferred
$5.50 prior preferred
American
Central Mfg
25%
—
♦
5
6% preferred
25
Axton-Fisher Tobacco class A com—10/
Jan
22%
May
4(4
550
Capital class A common- -10c
Co
class
''
5
& Sons common
(B F)
Avery
Feb
li
Apr
12
102
__
Book
Common
1%
,
99% May
1,250
74%
102
102
100
American
$3
Voting
aa
.100
-
78%
>f-Vv
—
.
__
Mar
b
96
*
Mfg
106
4(4 K-1,400/:
—
-
common
Automatic
247/a
25
1
Corp
Products
3% May
May
21
Forge
/
50
—
!
warrants
Automatic
Jan
Feb
20
19%
19%
American Beverage common—— —1
■
97
Co
Corp
'
% Jan
21
3%
3%
——1
04
Feb
Jan
% May
'
'rw-
Mar
107
Apr
v/2%
vV->
83
.
Apr
83 3A
50
■
common
preferred
Jun
/;ft'-ft/ft/
.100
_
Industries
6'/o
% May
73
94
—
.—
*
j;#—
_
__
Goods
89%
-
; :
10
% Mar
—
—,
Jun
--
—
—
•
common—
Aluminum
Aluminium
*
10
25
common
Co
Aluminum
$3 conv pfd
(Mich)
Products
Altorfer
6Vo
:• .ft-".
•
.
99
89
— ,
——;
—
1%
High
62
i
20%
May
r
200
76%
98%
$7 preferred
Power Co
Alabama
;
1%
/:
i_
50
20
3'a Mar
76%
1%
—3
Appliance—
Southern——
100
20
:
''
'■
ft.'—/"Aft':
i
_
Low
s/8 Mar
ft/; — ft:"f. —/
—
"
100
Range Since January 1
/
Feb
Jan
ftft,>
Sales
for Week
Shares
High ■/ft,;-ft
Low
—
pfd__100
Atlanta Gas Light 6(4 -preferred
1% July
8%
100
20
10
Warrants
*
RR Co
Fisheries
5% Mar
Jun
/ft/,/
Far
class A
Coast
&
Birm
Coast
Jan
-
Convertible preferred
.ft
Atlanta
Atlantic
4'
4%
1%
ioo
•/;/
5
5
Sale Price
'
■
^
Week's
Range
of Prices
Friday
v^v-c.v
Associated Tel & Tel
/
ft:',./ Last
Exchange
Week Ended July 17
High
18% May
-
20
—5 ;ft; —
1
__
—50c
—
2
1%
Ainsworth Mfg common
Low.
Curb
York
New
/ft".
Range Since January 1
High
4%
"4%
1
B————*
Shares
.-l*1
,
It is compiled entirely from the daily reports of the Curb Exchange itself, and is in¬
fur Week
^
.
transactions on the New York Curb Exchange for the week beginning on
Sales
Range
Low
Acme Wire Co.
the
STOCKS
Week's
Last
Sale Price
Par
Aero
week, and when selling outside the regular weekly range are shown
bond, in which any dealings have occurred during the current year.
of Prices
Friday
Exchange
Ended
Week
of
record
(July 17, 1942).
the present Friday
and ending
Saturday July 11
list
extensive
following
tended to include every security, whether stock or
/ft,/.',
RECORD
YEARLY
AND
WEEKLY
sales are disregarded in the week's range unless they are the only transactions of the
the week in which they occur. No account is taken of such sales in computing the range for the year.
and deferred delivery
NOTICE—Cash
Feb
Celanese
dep
Brown
Class
ord
rets
rets
_£1
reg_
Ltd—
ord
reg
•
:
4
Fence
A
&
preferred
—
—
—•
'
/
174
1%
100
1
:
•
■
2%
60
2(4
60
100
10
~i(4
Feb
7'A
—
•
4
Brown Forman Distillers
$6
—'
1
Wire common
preferred
r—
10s
*
Col Power class A
—
Jan
1%
46
Jun
May
10%
2%
60
Jun
Jan
July
?
THE COMMERCIAL
& FINANCIAL CHRONICLE
Monday/July 20, 1942
H
Friday
Exchange
Ended July 17
Curb
York
New
Week
Week's
Range
for Week
of Prices
Shares
Sale Price
(EL) Co common
Bruck Silk Mills Ltd
Bruce
.
$5
Burma
Burry
Biscuit Corp—
Burco
&
300
Apr
15(4
x75% x75%
67 (4 Mar
91%
8 (4 Mar
12%
Jan
13'
Feb
9%
10
12(4 Mar
%
% Mar
-----
(4
——-—12 Vic
Products common
50c
Voting trust certificates
50c ;■
Cables & Wireless Ltd—
'"••■/"•
Am dep 5% c/o preferred shares
£1
-
Mfg Co
107/a
2,100
Jun
Y/Y'7—
Jan
2%
--
,
Tungsten
Canada
Cement Co
Jan
:
"3%
Apr
(Mo)
Derby Oil & Refining Corp com—
A convertible preferred..^..
juiy
a
/
Gasket
—
i
'
—
21
21
*
preferred
Foundry Ltd—
participating preferred
6% %
-
7%
—
—
Feb
6%
Feb
7,
Jan
Feb :
'
.
5
May
14
6% .200.
6(4
Feb
,
Dredging & Dock.
Canadian
2
—
20
18%
Jan
23 % July
2%
Jan
500
Y-1...
Jan
2 % Mar
37
Jan
s.51% May
23
I.
2
..
..
.
23
<
-
T/,:
..
2
.
Y
4. -'r
...
....
*
—
1
Y./
—
...
Jun
17%
17%
( yrrsyyv.'^'
...1
Jan
4
777/8
Jun
77%
15%
—
Jan
21
Jun
—
—
—
Stove
common
1
1%
Products...*...—.
.10
10%
Jun
;>•••
7%
Co common...1..—...—..10
25 y
July
Shoe
Co
Industrial Alcohol—
Canadian
Class B
voting
non
Jan
2%
Feb
2%
Steel &
Draper
—
,
/
Ltd—
100
—1
Canadian Marconi—
Products.
City
Capital
—
—
Co common
Carnation
Corp
—
—
(AM)
Castle
—1
—.1
y
Central
Central
Central
Light 1%
—
100
pfd
Charis
Corp
Chesebrough Mfg
;
Flexible Shaft
Chicago Rivet & Mach
preferred
preferred
60c preferred B——
$6 preferred BB
$6
preferred
,
City Auto Stamping...
City & Suburban Homes
Claude
Neon
Clayton
Club
Coal
Corp
Utensil
Aluminum
Plow
Cockshutt
Cohn
&
Colon
Co
Fire
'i
4(4
83
Apr
62
July
Feb
6
Jan
41(4
41(4
32
8
400
v
11
2%
32
Jan
80
79(4
—
—
Apr
A
52
—
•.
4(4
4%
Jun
%
%
Apr
"
4% Mar
6%
Jan
Jan
2%
1(4
100
1
May
100
54
Jun
72(4
430
18%
Jun
34
1?
{§
3,800
%
Apr
14%; 14%
50
Southern
Distribution
Community
Water
Fire
warrants
—
1
•
1
Service..—_
__
1/256 Mar
% Jan
—
__
14%
25
V:
~~
—.
13
Mar
Jan
t
Conn
extended
c
Gas
$3
1946
to
Coke Secur
&
Telephone
Consolidated
Consol
G
4(4%
4%
E
•
&
Electric
Biscuit
series B
—100
100
Mining & Smelt
Consolidated
Retail
8%
1%
Utilities—
Gas
Consolidated
Ltd
400
111(4 112
100(4 101%
111(4
101(4
1
preferred series C
Consolidated
50%
40
50(4
__
120
900
1%
1%
1
7/a
Royalty
Consolidated
Steel
Continental Gas &
7%
prior
Oil
A
Corp
rets ord
Motor
'
—
A
—100
Oil
Continental
Roll & Steel
1
io5/a
& Varnish
*
—
Paint
Cook
1
Cooper-Bessemer common
$6
preferred A
%
Jun
39 (4 Mar
106(4
Apr
96% Mar
of
Canada—
5%
convertible
Courtaulds Ltd—
*
American
170
Creole
7(4
Jun
Fuller
1
common..—_1
Distilling.,
Grain
...
Wheeler
Brewing
..
100
400
....
preferred—,
Crown
Crown
7%
Cork
International A
Drug Co common..
convertible
For footnotes
Y/ 14
Y/
..
$3
4%' convertible
conv
Jun
Gamewell
Co $6
Jan
Gatineau
Power
Jan
;
5%
-/•
—
-
page
'
■
Feb
y
2%
.
'
-
General
Mar
3(4 Mar
Jan
1%
Jun
5%
60
Jan
Jan
Apr
88
•
25
238.
Jan
July
Feb
28
89
Apr
18%
Apr
4(4 May
Jan
81
Jan
Mar
133
July
Mar
57
136
July
140
July
148
July
May
22% July
%'■
5
,
(4
2%
;
5% Jan
-A
Apr
A
Jan
Jun
16%
Jan
2
May
2%
Apr
19
—
Jan
400
—.
—
Jan
13%
700
—,
2(4
—
8%
'
'
—
1(4
6%
7^
.4
.
,
8% y;
1%
6% Y,
7
...Y/:Y
22
1
Apr
3% July
Apr
—-
51
:
75 %
78
7%
1%
9%
Jun
1 (4
100
Jun
7
Jan
2%
Jan
Y 6(4 Mar
Y 7%
Jan
5(4 Mar
900
300
100
7%
Jan
5
Jan
Jun
4
' 4 '
69
.225
1% j; /
2(4
Feb
Jan
Jan
103
Apr
ilVa
200
.
64%
44(4 May
..'■ ■;Y:10
51
78
Jun
10
15%
Juh
Jan
14'/a
Jun
8
400
Jan
11
15% 4
•
;
•
—
,
—•
May
10%
1
,
x8(4
—
.
44 ;'
19%
—4"
-•
/
—,
.
'' 4.
1(4
.
—>,
15%
;Y
■
—
1% Y/l.OOO
—*
18
Jun
Jan
1
Feb
July
1% July
50
8% Mar
10%
100
18% May
x8(4
—Y
4/
Y
Jan
20%
Jan
Mar
10
Jan
Mar
30
Feb
40
—
8
25
19(4
:'
Mar
45
July
Jan
—
,4
—
44-Y'
—.
—
Gen
.44
-59%
.—100
—
Alloys Co.,..,.
.!
Electric Co Ltd—
.4 :
*-.>/.-
...—
Jan
Jan
Jan
8%
6%
Jun
8(4 Mar
Jan
4%
Jan
12%
Apr
Warrants
..
55
-__4_—:
:
—
Jun
35% July
5% Jan
%
Jan
Jan
1
15
1,600
4%
4%
200
Jl
y4
%
I"
~6%
I"
~6%
II
20
20%
II
-
Jun
12% July
Mar
11%
Apr
."'4(4 Jun
a3a
100
75
4(4
x%
18
16%
Jun
Jan
5%
Jan
Feb
% Mar
1% May
Jan
2(4
6(4 May
%
Apr
Jan
Jan
2% May
16(4 Jan
Jan
1 % May
1%
1%
21
Jan
Jan
U Jan
%
.
•
.
■
./■;•'4
12%
100
13
■>•.■
—
Y.(
Feb
Jan
15%
/ a
55
50
Jan
102%
,;
Jan
.
59% Mar
m
A*-*'
(4
Feb
July
70
.
4,4'..
55
10
Outdoor Adv 6%'pfd
4—^100,4;,../ 4. Y'vY/ 56(4 56 % 4
General Public Service $6 preferred..*
—•
General Rayon Co A stocki._L._
—:
-, 4,
—
General Shareholdings Corp com...—1 v
—:
$6 convertible preferred—_4_44—*
42(4 43
General Tire & Rubber 6% pfd A—100 .4. •
:...
..i. Y.
Gen Water Gas & Electric common__,l ,4 444 X"•
2% 4
.Apr
20
27% Mar
a
A May
\ -
i
,
Apr,.
96%
Jan
Apr
%
Jun
35%
120
Jan
69
.
July
%
.....
Feb
Mar
1/256 July
1/256 July
Jan
53%
....
101
Jan
Jan
.
100,
:
preferred—:Y.;--.. —'
$3
■"
$5
preferred44,_^._4—
(A C)
Preferred
Gilbert
Gilchrist
common..:—1
i—.4...
j
C0_i__,—-4-..——_—..„*
.-Y-'Y;^
,
_*
Glen Alden Coal—.,.4...... j.*. :
Godchaux Sugars class A
,-* •
Gladding McBean & Co....4—:
Class
$7
—
Gorham
Consolidated
Inc
class A—
preferred:
,*
;
Minesj
.,1
*
*
6
.4
—
.
Y—
....
—
34% Jan
Apr
103.
—
Jan
/ 81% Apr
■'''.'JLmm
.
80
May
May
41
Apr
42%
Jun
Jun
4(4
Jan
Jan
12%
3(4
,
11%
6
.
-
5,200
100
10%
28
.
—
.Apr
5% July
92
—
7 y,' Jan
;
r
Jan
5
,■
11%
-
y
,
.,',4
.',1^
t
•-?
—
.IV/*
*,,„
preferred
Goldfield
$3
B
;
"./ 86(4
25
44/r94% 94% >
__,* / ~.y44
i~- ,/,;44'
—*„/;/; _4./r'//'--4/w44.;.i. ■
-4, ,:-44Y4-/':
2% July
24% Mar
—
Feb
1,900
—
'
% July
& May
General
Jan
82
July
100
59
—4—* /..Y-—
_4'—
% May
—
44' YY:/ 13
41. ■ — —
... Y
Gas
preferred
59%
'
-%
%
'A.;— yy--v/y
4•— "Y:
Fireproofing common
*
& Elec $6 preferred B__._—* .
General Investment common...
...I.
Gen
'
July
4
61
3%
10
4'
v.
....£1
dep rets ord reg
.
,
100
Feb
52% May
88
Y10
100 ; 100
4.. Y —<Y.4
100 ,
_^Y
convertible pfd
* ,
common...—.* /;.
% July
7%
500
300
14
Yv
5
;
5%
9
625
150
50
-
.4
Mfg Co common——.1
Gellman
Jun
2
Yl
•
1(4
25c
preferred
see
14
__
;.
Jan
Apr
Apr
;
—
—
Co
preferred
1%
%
.
1454
Electric.—
Crowley Milner & Co
Crown Cent Petrol
(Md)_._„
i3u
81
v.:i'
—
100
—-—
stock
,
102
67% May
__YV
1 ye
5
x
Jan
5/64 Apr
•
15
-1
-*
(Geo A)'Co..
30%
..
/YY.:„,i
(ord reg)__£1
Co...
6%
1 % Mar
A Jan
—
50
Jan
2% Mar
82
22%
Jan
Jan
85
:
1%
60%
63%
160
140
148,.
Jun
Apr
136
A
...
Malt
&
participating preferred:
53(4
7%
7(4
5(4
5
1
•
/,
Apr
133:
5(4
..
Brewing Co.......4— .5
Co
Froedtert
Jan
Jan
—
1
Petroleum.—
Crocker
Croft
■
7/a
23
1
—
.—.4*
Wqrth Stock Yards..
(Peter)
114%
% July
1,100
-
—..
5
5c
preferred..—
2%
11 y May
37% July
50
800
10
870
71
* ,:Y—:Y;
14%
:*;/4 r/Y:;44Y*-
voting—
Jan
31
_———*•'-
dep receipts
Jan
38% July
.
non-voting——,
1%
,
10%
10%
7(4
*
common—.
Jan
17
40
1
,
Georgia Power $6 preferred—..—.*
Petroleum
Cosden
Jan
17
Jun
Jan
4(4
23%
22%
—£1 Y:/..//-
B
$6
.*
—
Co..
—
Cornucopia Gold Mines...—
Corroon & Reynolds...—
Range
Copper
Y—
—
•
prior preference.
$3
%
Jan
Jun
-
Jun
2
37/«
;
/YY; v:/\:--7/YY
65(4
65(4 66.
:
Mexico—
y%
2
,
reg.
Fox
9(4 Mar
1%
YY
—.
Continental
of
Jart
22% Mar
Jan
38% July
—
>•
—
^
A
Amer
*
preferred
/
•
s
$7 preferred..*
,,
Class
Conv
Jun
Jan
3
—
10
Electric Co—-
33
2,900
—
u
23
4%
71
129
132%
137%
145%
_.
General
Consolidated
May
16%
41% !/, 900
44 / ;/
1,500
3%
SO
—
'
138%
44:
—.—5
Warehouse..
25Y,
(Phila)
__I0 •
Fort
Feb
Jan
100
preferred
19
107/a May
1(4 *
1
,
1
——.1
Class
/
Jan
25(4
5
Stores
1
200
1
1
1
1,100
1%
1%
1%
1
common
preferred
7 % May
392
Jan
3/128 Mar
Y18
A Apr
■
Jan
Y
__
..
1
Corp
Co
L P Bait
■
Jan
1%
52%
1,100
2%
37%
40%
:3%
&
Light
Y
j
*
common..
preferred
Conn
8%
8%
8%
1
300
&
Power
dep
Am
Ford
Jan
Jan
1%
i
Compo Shoe Machinery—
V
Association
Franklin
f-
•
87/a
Apr
•
Y. ://■; ■ -/
38%
50
38%a
2(4-
'
v
,
Metallurgical.".——v
Ford Motor Co Ltd—
3% May
21%
&
Fansteel
Apr
7/s
63 V2
Public Service
July
% May
11
;l%
v
__
Airplane
&
Mfg Co
7(4
Mar
Engine
Compress
1-%
Community
Mar
8
Feb
6T/a May
500
200
22
,250
20
.-'/'Y:;»?75
% Y,
100
%
*
41%
_* >Y 44
*
Y
2.
1
..
15 Y: 23
4
100
Y
100 Y 132
Brewing—
Federal
63(4
Commonwealth
5
Aviation^—4——1
Fairchild
Fedders
x20(4
Jjj
common...
Equipment..—
Jan
63(4
,
Feb
1
.
41
r
1,600
-
44%. 4Y
.
—
v'/%V;'
;•
Derrick &
Jan
x20(4
Commonwealth
Apr
6(4 May
2
7%
^Y1 '.Y'-/:1
•
Mfg.._
1
25
Gas
Share
3%
vy
1
Oil
V'.\-* V.Vv.
Fairchild
4% Mar
200
: 67/tt
Jan
Feb v
2%
Jan
preferred.100
'
&
Electric
Falstaff
2%
2%
*
2%
70
Mar
35
3% Jan
..-Y—
Mar
Feb
(4 Jan
ft Jan
July
A
—
%
—
23
Jan
Apr
Jan
'i
Jan
25
Feb
5
Apr
100
3%
100
100
Jun
67
62% May
\v;
.
Y
—
Mar
15
400
-
—-
—
Bond
Florida
warrants
Columbia
Jan
Mar
5
23(4
1%
,
•
11
...5
Equity Corp common.....
10c
$3 convertible preferred.———.!
Esquire Inc.
1
Eureka Pipe Line common
—-4
50,
Eversharp Inc common
1 <
6% Mar
Apr
^
Emsco
Jan
400
900.
7%
Jan
'
Jan
Jun
100
Feb
-.'Apr
.
—
26
5(4
4(4
—
Jan
82%
% Mar
..
Jan
82%
6%
—
26
%
Apr
13%
100
A
25%
5%
4(4
—
Feb
4
Apr
3%
4%
Jaii
4%
19
Apr
July
20% Mar
'
Y18'%
-
..
Empire Gas & Fuel Co 6% pfd
6%%
preferred—...
100
7%
preferred..—
100
8%
preferred
—100
Empire Power participating stock
:♦
Feb
40
,,aY
13(4
—
13(4
3 %
50
50
5(4
Feb-
52
-
8
1
2%
—
••'/■
80
/
*
*
14
8
-.1
Empire District Electric 6% pfd
Feb
14
July
2(4
30
10
-Y//
—
—
—
—
.
55
—
—
19
r
.
•
$5
Emerson
Apr
27
150
Associates—
Sugar
Electrographic Corp...
Elgin National Watch Co..—
'VV'':y
A Jan
2 (» May
1,000
..
%
Jan
x4%
10
2(4
,
.>
1(4
YvY\.- U
18(4
v>
.♦
*
preferred series B_„—
preferred
$6 preferred—.
Electric Power & Light 2d pfd A..
Option
warrants....
Jan
47
200
62
-,
/7% Y^ 7%
■
Corp.—
preferred series A__—_.
Electric
Jan
10%
States
25
Iron—
Y
Jun
Apr
A Mar
1
Arms
Gas & Elec 5%
&
3%
(4 Mar
—
Columbia
Malleable
Economy Grocery Stores
Jan
Apr
10
$5 preferred v t c„—
Easy Washing Machine B
—
11
2%
J
.i
(4
13
Jan
l'-l%
100..
44% ;Y,543%
100 * * *21%- - 20%
preferred—
Eastern
Jan
107
2% Mar
ordinary
Airlines..
Patent
60 (4
—
•
Rosenberger Inc
Colorado Fuel & Iron
Colt's
10(4
9%
v.
•
common....'
$6
Jan
Feb
Jun
*
Co...—
common
Development
Colonial
i3s
8
Fuel Assoc
&
$7
Jan
8
70%
100
z
85
6% May
*
*
Illuminating
Cleveland Tractor common..
Clinchfield
6%
95% Jun
Y
Jan
3%
—1 1y
4
Inc
Mfg
Lights
Electric
Jun
85% May
25
4,200
.x-Y—
1
Co—.
Lambert
&
Cleveland
...
7
'
__
—4,
prior preferred
Eastern
Jan
—
•'
*
*
,.10
preferred
$6
Controller
Jap.
Jan
Apr
3(4
120
Y>
*.
common—*
• i
1..-.
Lead——
Picher
Gas
4V4%
v
—
*
*
*
—
Cities Service P & L $7
Clark
East
Apr
7%
72 % May
60
100
100
9%
10
Service common
75(2
—
1
100
Chief Consolidated Mining...
Cities
6%
5%
__
——5
4
Co
Chicago
Childs Co
Eagle
% July
3%
—
75(4
__
10
5
25 Y,7
common
Cherry-Burrell common
—
;•
South West Utilities
&
Jan
6
Mar y/
90
—
50c
Cessna A'rcraft Co—
1
Chamberlin Metal Weatherstrip Co—5
Central
103%
5%
—
—
:«-•
Corp common......
Jan
E
Eastern
—
57
.v
-
•
Jan
2 % May
400
2%
2%
Y;
?
May
.10% Mar
3%. Jun
—
100
'
...
Duval Texas Sulphur
—10
2%
.1
Corp.
class B
10% Mar
—
V 500
,
——
56
v..
10
Jan
.
2
13%
Jan
4(4 Jan
100;
54
4(4
—
•
...
Hosiery
Test
Duro
Apr
42
Apr
4%
Y 6
--
54
•;
—
of
Power &
Central
■
--
—
n
America
—1
Hudson Gas & Elec com..-—*
Maine Power 7% preferred.100
New York Power 5% pfd—100
Ohio Steel Products
1
Central
20
111%
Feb
90
4,800
Durham
Feb
.
25 y
B
Duke Power Co
Jan
Apr
99
6(4
5%
6(4
.;,y
—*
—
12
Jan
35% May
250
//.,
common
Corp
.
--
—
Products
Catalin
--
39 n
—
common
(J W)
Casco
--
39
*
Co common
Carter
8%
150
xl9% May
--
39
—
preferred
Carrier
(f
%
A Mar
Coal
Corp.
Dubilier Condenser
May
121
May
600
9/4
9/4
'
:
Light $7 preferred..*
Carolina Power &
$6
—
—
—
*
& Co class A
Carman
121
—
*
preferred
7%
—
200
.*
Harris Co...
Driver
Canadian Industries
1
.
Y
—
A
—
v.3%
4%
3(4
Y
Bridge Co Ltd.;
Dominion
Jun
2 (4 Mar
*
*
voting
A
Class
2%
'
v-■
24
.
1
common.—
Dominion
r
5',:.•'{:(i
—
*v
....1
common...,
; y—
*
>'Y
...;•
common..,—
Divco-Twin. Truck
Dobeckmun
;
.10 •/
preferred—..
Diamond
•
>
.
Feb
18% Mar
•
Feb
Steel
De Vilbiss
v —
/
(4 May
Gray Iron
Jan
Jan
8
17% May
100
Mar
1%
v
Y, 49%
Feb
7
Jan
105
a. 1;
Apr
,
3 (4
p:
Mar
%
39%
^
—
;
Y17%
.
105
—
v
<
„
■
:
.....
Mich
Co
Feb
9% July
Detroit
Apr
1(4
14
Jan
■
Foundry.i.^
■:
6%
Detroit
—
.
Jun
1 % May
—
,
&
.
—
Canadian Car &
,
Jan
.1(4
.
6%
Mfg.—1
preferred without warrants—20
6%
1% July
% Mar
25
Ltd
Mar
15%
D
—
—
—
1
*
100
Corp
Callite
Apr
8
1% May
Detroit
Power—....
Electric
California
%
Jun
2.50
—5
Petroleum common.....—..._5
Davenport Hosiery Mills.,
Dayton Rubber Mfg—.—
.".11
Class A convertible...
_.._35
Dejay Stores—...
1
Dennison Mfg class A common..
..5
$6 prior preferred.:
50
8% debenture..-——i.;
^..100
Detroit
—
12%
j._—_*
common
High
Jan
1%
12%
Darby
Feb
(4
Jan
A
200.
i<f
i<f
20
-10
Sugar Estate
Inc
Low
4(4
Jan
300
common
Lighting
—
Range Since January 1
High
Jan
200
Tobacco
Curtis
Curtis
10 %
Cable Electric
Calamba
9%
lOVSe
10%
25
Sugar..
Cuban
40% May
250
Atlantic
Cuban
Apr
40
—2.50
Sullivan—
Inc $3 preferred—.
Corp Am dep rets
Hill
Bunker
Jan
4(4
39%
Niagara
Si.60
Apr
35%
127/a Mar
Jan
4(4
50
Pipe Line
& East Powerpreferred—
1st preferred
Buckeye
Buffalo
11%
100
12
12
Shares
% Mar
*
—10
L.5
Oil
for Week
Low
Par
Refining common
preferred...
—
$0
:
Sales
Range
Sale Price
.
Crystal
Week's
of Prices
Last
Exchange
July 17
•
(4 Mar
Jan
Ended
Week
High
(4
300
%
%
1
5
*
Rubber Co common
Brown
Low
High
Low
Par
Curb
York
New
Range Since January 1
'
Friday
STOCKS
Sales
Last
STOCKS
'
Feb
Jan
32
Feb
9
Jan
IOO
33u Mar
1%
Jan
THE COMMERCIAL & FINANCIAL CHRONICLE
156 " Number 4091
Volume
255
NEW YORK CURB EXCHANGE
York
New
Curb
Exchange
Ended
Week
'
Week's
Friday
STOCKS
July 17
'
Sale Price
•
Grand
Gray
Mfg
Co
Non-voting
7%
Pacific
&
3%
29
175
2
Apr
Feb
.
Lackawanna
Jan
134%
RR
Great
York
New
Northern
100
1
Brewery
Paper
28
..—25
Greenfield Tap & Die.
*27%
*
Grocery
Stores
Gulf
Oil Corp
Gulf
States
Products
—_
Utilities
$6
preferred
Gypsum Lime &
A
6
Jun
.;
.
A
Lamson
Jun
5 Va
.
Jan
35%
Jan
Jan
27
200
■
Jun
500
4,000
>.<
■
24 Ya Mar
25
*,
.—*
*
—
pfd
*
*
Alabastine
303%* '323/a
32%
>
20
98 Ya
98 Y2
104% 104% Z
10
Lamp
Hartford
,—5
—10
—25
ctfs_—1
1:
Co
Paper—
Electric Lights
Hartford
voting trust
Rayon
Harvard
Brewing
Co
34%
Jan
Convertible
108
Jan
109
Jan
Leonard
Feb
of America B non-cot com—.1
Corp..—,——
*
Hearn
Mining Co
2%
■
Oil
33/4
200
A
—
Brothers
Hewitt
'
Rubber common——
Chemical
Heyden
Jan
Lone Star
Long Island Lighting common
Jan
U
Apr
3%
7%
20 3%
Products
Hildick
Hoe
'6%
'18 -/I/ A
f
l5/a Mar
2y4
Jan
Louisiana
Land
29'%
Jun
Louisiana
450
Jan
Ludwin
6'/2 May
,
IY4 .2
Jan
50
;
6 Ye
14
50
12
;::':
(A C)
Horn
&
Horn
&
5*%
Co common—
Hardart Baking—
Hardart
Mangel
$5
12
Jan
■
Jan
preferred
Hubbell
(Harvey) Inc„
—;
Humble
Oil
—
&
Refining—
Huyler's
V
t
common
1st
13
50%
2,300
3»/a-
400
3
15'
Jun
Mead
Jan
200
2
6
Power
convertible
5%
Div
•
preferred-—
certificates
arrear
Illinois
Co—..
Zinc
Co
„
400
18%
200
1%
13/a
10 Y*
15ft
18%
.
*
dep rets regis
-
A May
-
16 Y*
Mfg
.
23 y2
Apr
*
8'4
—
600
53%
200
6
2%
Jan
100
7% Mar
8'/8*
.
:::
of
Ireland
Indiana
Great
„
Britain
.
Pipe Line
8%r
—7Ya
7%
preferred
3%
If
100
95 %
3%
100
9
100
preferred
•7%
Insurance
of
Co
Preferred
preferred
66 y8
Metal
700
% Mar
•
f
*
Textile
50
1%,. 1%-^
1%
1
Industries A
200
,
iv*
*
Class B
Oil
shares
Co
Mid-West
Jan
common
W-r
International
Products-—
International
Safety
Utility class A—
B—
Midwest
Oil
Piping
$1.75
Refineries—
Mid-West
Minnesota
Mining
Pwr &
Feb
2
Jan
1%
Jan
4%
Apr
Interstate
Home
Interstate, Hosiery
—1
Mills
Interstate
Power $7
Royalty
100
;
♦
23
7 Va
7%
23
.
43/4
5,000
15
300
14 ', Ya
Mfg voting trust ctfs—*
Irving Air Chute——j._
__1
Superpower A—
.
13 Ya.
14
•7%.
,
.
-
7Ya
r
•-
i
10Y4
\10O
200
Montana
Feb-
28 %
Jan
23
Jan
(F L)
Jeannette
Co—
Glass Co...
;
i-
Jersey Central Pwr & Lt 5Va%
2%;
—*
preferred——.
i
100
7%
preferred
—v..
.——100
Julian & Kokenge common...1—i—*
65 %
69
77
:
600
1 %
1 l/4
pfd._100
•6%
10a
1
65 '/a
?69
V-
•'77%;/78*%
YY
1%
2'A
Mfg
&
Corp
Pictures
5
Ward
Jun
Mountain
Power
States Tel
,:v
6%
5%
pfd B
68
.Apr
95"
Kingston
Jan
Jan
6
Kirby
Petroleum
-
National Bellas Hess
116
8
Jan
;
i
Jan
National
May
National
53
Jan
National
19
iy» ;• IV*■
(D
Kleinert
Emil)
Co
Apr
39%:
Jan
1
900
Jan
Mar
■
Breweries
•,
(I B)
Rubber Co
Ya
*
10
Feb
Jun
L
Inc.—
convertible
Kress
(S
Kreuger
For-
H)
1st
—100
.
footnotes
Co..
see
100
:
10
1
page
2V2
500
84% .8514'
238
Jan
May
101
July
3% Apr
—
6% Y 7
Y
600
5
:- 4%
4%
20
600
;
100
20
R
Ya
•
Jan-
1Y8
—
100
152
1%
Feb
Feb
1% Mar
Apr
Feb
6
Apr
Mar
July
5Ya
30Va Mar
Ya May
5 Mr
159 % 159%
7
4
Apr
18% May
•
500
'/•'■
4 Y2 Mar
153%
'■
1
161
Feb
17
16 Ya
18%
150
Feb
Jan
15 Ya July
18 Ya
July
ft Jun
3/4
Feb
lYa
1 Ya
2
4% 'y 4%
2,800
2s/a
Jan
1% May
May
400
4
Feb
5
Feb
99
Apr
114Y4
Jan
7
May
g>.
*
:
9%
•
9
9Y4
100
50
7%
9Ya
10
Jan
Feb
Jan
5%
Apr
68%
5% Apr
68% Jun
100
Container
Feb
National
Rubber
2
Jun
12Y4
Tea
5%%
8
Feb
Apr
National
240
10 Y2
10 Ya
8IY4
82%
683%
,250
Tunnel Se Mines
3
Jun
Jan
Jan
Apr
Jan
Apr
93
Jan
134
Jun
5Y2
Jan
21 Ya
Apr
7 Ya Mar
-
Jan
95 Ya
62 Ya
*
Jan
May
7 % Mar
2Va May
77/a
Jan
243%
/
Feb
11
Jan
73/a Mar
Feb
Union
8IY4
10
National Transit
3'/4
10 ya
Apr
1 Ya
*
;
preferred
Feb
14Ya
45
8Y2 July
715
♦
Ltd
Jan
9
Apr
Feb
11
Jan
*
Machinery
National
8%
ft Feb
18 3/a
Jun
*
:
Sugar Refining
Apr
Feb
>
8
8%
*
common
Steel
Apr
11
1
common...
Jan
9
J an
39
—
*
Car
ft
■
.1
—50
(Del)
National
y2 Mar :
—
18 3/a
11
—
P\yr & Light $6 pfd unstpd—*
Refining
500
...
Mfg & Stores
National
:
III"li
common
Jan
10 y2
85 V*
Jan
May
82
11Y4
:
$8, preferred stamped
81.
Jun
97
50
Apr
52%
12%. Feb
13%
Mar
Navarro
Oil
Nebraska
preferred
special preferred
Brewing
-
*
Koppers Co 6% preferred.
Kresge Dept Stores—
4%
2%
44 Y2
6Y4 May
2
1
Stores
90
—
2%
—*
common
7 Ya
10
Corp common.,
Kobacker
Ya May
Feb
67
__
common
National
Knott
32
■
May
—
preferred
lYa Mar
1% Mar
1
common—
300
41
Jan
Jan
—109
& Tel
National
Klein
39 Y4
Jan
IY4
7
9
National Fuel Gas
5
27%- Mar
___1
—
Kirkland Lake G M Co Ltd
■
4
1
400
Nachman-Springfilled
National
July
700
100
Products-—-.
14Y4 July
N
Jan
20
Jan
Jan
—100
preferred D
41
Jan
81
Ken-Rad Tube & Lamp A——*
Kings Co Lighting 7%
IIY4 May
—
Apr
88
July
*
common
Murray Ohio Mfg Co.—
Muskegon Piston Ring
$3 convertible
.6
~6Vi
6
10
lYa
Jan
111%
■
~6%
5c
May
8 Y4
25
*
Producers.
'..Apr
Feb
50
_.
*
States
61
Jan
4
8
10*
A
Light Heat & Power—
City Copper common
60
Jan
A
Apr
50
13 3/a
28%
—I
Dakota Utilities.....—
National Candy Co
6
13%
1
common..—
Mountain
25
preferred—100
Inc_i_——i
Y4 Mar
--
—
27%
27%
*
...
Society A
National City Lines
Kansas Gas & Elec 7%
—
—
2.50
—1
—
Mountain
30 *
3
2Y8 May
Mountain
K
Kennedy's
2 3/a Mar
3/a May
Jan
2Y4
Jan
Feb
5Ya Mar
Mtge Bank of Col Am shs.
*
1
8Y»
Jun
;;/•/: 1% Jan
Muskogee Co common..
6%
preferred
Jacobs
Jun
2 Ye
Moody Investors partic pfd_—_—_—*
Moore (Tom) Dist stamped
1
&l/sr Mar
7Ya July
Jan
6Y2
—
*
*
•
July
15
l3/a
..._—1
Y* July
.Yt'V
Jan
Jun
Feb
''
Montreal
7 s/b May
Jan
4Ya
% Mar
14 Ya May
Voehringer common
Montgomery
Feb
Apr
Apr
200
A
•
——.
pfd—..100
Monroe Loan
J an
10
Apr
Apr
5/a
100
3
pfd—100
Monogram
Jan
&
Mar
■V' V*
500
:
Apr
Jan
106 Ya
Apr
Light 7%
Molybdenum
July
SVz
Apr1.
3/a May
—1
I—
—
Monarch Machine Tool
% May
A Feb
aa
:
5
22% May
6%
.•I'V
28
3Ya
-
3
.
.
*.
A.
4^—
.
lYa
Jan
—
Missouri Public Service common..—.*
R Jan
11
2 (4 May
.
7%
I -H
.44.
■
Jan
Y4
250
SI
'
Jan
1% July
'
11% July
iJan
1#
Iron: Fireman
Italian
4
preferred-'——*.'
:
.
Jan
9
*
Equipment—
Investors
8 '/a Mar
■
——
Apr
Mar
Jan
'
400
4%
4
—
Ya
4 3/a
Is,-
i8e
4% Apr
1/128 July
*
-
26
—
1
6 Ya
115
1013%
w—
A
l3/e
''
I
*
Mississippi River Power 6 %
Jan
•
preferred
$3.50 prior preferred—
'I
Jun
Jan
11 Jan
"i"'
.——
'
94
Feb
Mar
13 Ya
Mining Corp of Canada
1%
V-'I
I'
y'
I.
29
-ft Mar
2,800
'
3Ya
May
Jan
Jun
41 Ya
Supply.—
&
Jan
i
*
A-
1%.
u
Jan
4%
1.100
21
May
5/a May
x5% May
10
13
1^00
*.
*
Co
Jan
J
*
Razor B,
——
A
Jan
3Ya
Mar
25
AS
■
16% July
3,900
1/64
10%; u/' (
*
International
Class
1/128
lOYa
•
126
2 3% July
—A'
If
8Y2 Mar
Apr
Feb
18
——
50
77 Ya
1 %
Feb
90
25
-—*
——
Abrasive
Apr
L._—
_
$2 conv preferred..*
Corp
$2 non-cum dividend shares.
1 Va July
;<N
1
2Yt May
lYa Mar
4»
300
4%
A';'
1%
'■
Jan
Vt Jan
6Ya
30
23%
43/a
■mm mrn
Jan
Apr
3 Ya
Steel Products—
Midland
Midvale
Jan
18%
'
110
--Mf
■
10
3% Apr
5
common—
Apr
200/,.
103% 103%
10
—
10
300
/'■/,
—1
Corp
Corp
Jan
1%
2 Y» May
73%
2 3/4
jy'aJm•''
*
vtc
Mock Jud
International Paper Co warrants
International Petroleum, coupon 'shs__V
Registered
—1
2.50
Corp
Hone
Jan
Jun
27
Jan
AAA —S'
—
*
preferred
Bumper
1
2Y4
Apr
2 3/a
1
Corp
Feb
300
Jun
1
-
25c
15
Apr
18
2Y4
*
—...
Middle West
Jan
10% Mar
;
3/a
25 Ya
"1%
110
100
*
7j/4
450
Mar
2 Y» May
73/4
110
.
55%
500
.
Apr
23
—.
VA
*
—
Minnesota
16 y4 •"
65%
Industries _Inc
International
•
11%
66 Ys
12
Jan
SI
—
5
Middle States Petroleum class A v t c.l
Apr
4
,
J:
—
*
Co
„——
Micromatic
*
series—
International
1%
16 y4
10
Hydro Electric—
$3.50
%
100
America
International Cigar Machine—
International
%
1
common
——-—.
North
Jan
Mar
200
■
:'% / —'.V
«.
cpmmon
*
& Manufacturers class A—1
Midwest
Industrial Finance v t c
Jan
102
16Ya
.%/
--
*
*
Michigan Steel Tube
Jan
107%
Apr
Apr
May
1 Ya Mar
*
—
Jan
Jan
10%
.
Jan
Apr
4%
Apr
93
■
.200
21
20%
1.
B—
preferred
Michigan
7%> July
7% July
Apr
2 Ya
12
.
95
86 3%
12
Indianapolis P Sir L 5Y4%' preferred.100
Indiana Service 6% preferred
100
3Ya
2 Ya Mar
10
21
—_—*
& Mfg
&
£1
.
200
lYa Jun
—
Stores
A
Midland
Imperial Tobacco
4%
*
—
&
Participating
*y* Jan
Jan
7V»
7%
—5
Registered
Imperial Tobacco of Canada
100
IllSSr
Metropolitan Edison $6 preferred
Jan
13 Y4
May
7%1:
•
Feb
PA
Com¬
Preferred
7%
Feb
23 Ya
'
—
*
Co—
Chapman & Scott
6%%
Jan
2y4 Mar
*
24 Ya
Apr
.
—.—*
Marine
Dredging
Warrants
.
Feb
Va
Mar
9.
£1
Imperial Oil (Can> coupon—-—
Jan
Apr
14
•4—•
iV
Michigan Sugar Co
———'
Ys
15
125
-
Imperial Chemical Industries—
Am
Ya May
100
14%
.
Feb.
■2% Jan
18
Apr
100
10'/a
i&%
50
i
%
y2.
Feb
14%
■
Ltd
Corp-
Participating
iV Feb
8Y4
Metal
Iowa
Apr
15
.V
*!:•
'—
5
Messabi Iron Co
Illinois
5 Ya-
1,200
——100
C
preferred.:
Co
Johnson
Merchants
Mar
•
Feb
Jan
12 Ya
•
Jan
14
1%.
'
*
lYi
100
Steam Shovel
Merritt
—:
Feb
8 3%
Jun
4%
w—
14% f:,
*
Memphis Natural Gas common
Securities—:
Sylvania
Jan
Ya
15
•'"v-I
1—.
'•
.
International
Mercantile
5%. Jan
Jan
Ya
*2% "h/2
6%
6%
1
McCord Radiator
Jan
-
4% jfaa->
■
■
11
optional warrants
Consolidated
McWilliams
Apr
58'/2
Mar
"
1
'
Feb
16
Apr
Ys Mar
"
•
common..
common
Margay Oil
Jan
112
46% Mar
1
,
——_
A
Jun
27'%
Jun
5
Hygrade Food
Hygrade
%
52
3
5
preferred
Hydro-Electric
2%
Jun
109Y4
•
Fibre Corp
Ligonier Cb—.
for
c
215/8
—5
Hummel-Ross
Hussmann
175
23
——100
——
6Yt
Apr
200
—
1
Co
Massey Harris common
22%
:A".
6%
Light $6 pfd
preferred
convertible
Marion
A 30% Feb
2% Jun
*
5
13%
—
Exploration
&
1st pfd v t
munication
Jan
*
.
Jan
—.
%
Ya
*\
Stores
Marconi
7% Jan
14
27% Mar
—.1
i
Feb
273/a
•
■
*
100
100
Mass Utilities Association, v t e
Horn
Ya
Jun
M
Jan
17%
July
Apr
12
1st
Manati Sugar
July
2
v
5% Mar
6,600
14
& Co common-——*
(Geo A)
Feb
Jan
Feb
88 % Jan
1V4 Mar
—*
Inc
Horuiel
Jan
Jan
5
x«.
■
July
67% May
300
■
7%
Corp
Mapes
Horder's
1%
10 Ya
100
i'rf
•
Jan
5
11 Va
Apr
150
%
24
3 5/a Mar
10
12 Ye
,6%
'
iV
Jan
33% May
6% Jan
Jun
20
400
Lynch
&
Baumann
Conv 7%
Jan
10
5Y2- Apr
.
70
10
8% July
•
:
50
,
4%
^
69'%
6%
1,300
23%
*
Power &
6%
--
Hollinger Consolidated G M
5
Holophane Co common——_„——*
43A
-■
Jan
,..100 ;t
22
4%.
10
4'A
A
*
Packing—.
/. 3Ya May
.
I
Corp
25% Mar
1,500
:. 6 /'.Y' V:
22
—.—2 %;.:
& Co class A
(R)
7,Vz-
Gas
preferred class A—
preferred class B
Loudon
Jun
100
4%
v:%: ;■>. 8'% .8%
69%
Apr
2Y4 Mar
'
Feb
1Y»
%
14Ya May
100
ittrz-'
5
:
1%
5
a
46
2% May
lYa
6
Chain
May
lYa Jan
•
———10
13 Ya
Apr
9 % Mar
4%
•;
Jan
:
16%
l5/a
I '' fy
Jan
Jan
6Y4 Feb
5Ya May
*
——-
19
:\V
4%
%
common
Apr
.,
r.; ■:
.
16%
*
Jan
100
2% Feb.
5
Locke Steel
4% May
Feb
■
25
Preferred
Henry Holt & Co participating A
Jan
13 %
25
40
J*-'"
04:/-'
7'/a.
2'% Mar
1
15
"»/r
2
common——
Jun
,
—
25'
(R G)> Inc
i—
Lit
'I* vl'':
.
Co
'
433% Mar
'
V-/J'';7
*
Rubenstein
Heller
Development
Material Co
Conv
Helena
9
3
2
100
*
__**
Lehigh Coal & Navigation
Lipton (Thos J) Inc 6Vo preferred
5
50
25c
Dept Stores common—
convertible preferred
6 %
Hecla
May
1
i
preferred
Le Tourneau
2% May
"
Hazeltine
May
5
2»% Feb
10
l3/a July
••
Hat Corp
22
400
:
7
2 3/a
— —
*
Apr
92%
High
200
23%
6Y4
2Ya
2%
United Bakeries class A—*
B
Apr
91
Low
1
Co common
Class
Line
Hammermill
preferred
77c
Langendorf
H
Hall
of Delaware....—
Corp
Lefcourt Realty common
1
$5.50
Range Since January 1
High
23%
—
—1
—1
5
100
Lane Wells
7% Mar
Ya Feb
1%
I'Ve
common__25c
A
100
28
:>• 6
:
Shares
Low
100
(N J)
Mines Ltd
Lakey Foundry & Machine
Lane Bryant
Greater
for Week
L
Jan
83
Sales
Range
Last
Sale Price
..
Jan
3Ya
May
58
/:
17
Par
Lake Shore
68%
67
Week's
of Prices
Friday
Exchange
July
4% Mar
Jan
124
~~
67
Curb
High
Jun
21
.*
—100
preferred.—
1st
Low
York
Week Ended
.
Tea—
stock—
common
•*/
High
1
5.
...
_
Atlantic
Range Since January 1
.
10
common..
Rapids Varnish
Mfg
Great
Shares
of Priees
Low
Par
Gorham
New
for Week
Last
■
/
STOCKS
Sales
2%
Apr
4
.12.50
♦
Radio
;
preferred
Nelson
Feb
Nestle Le
Mur Co
Corp
class A
Y
2%
10
2%
600
Jan
10 Y4
May
2 3% May
43/a
Jan
9
400
-
93%
*
105
105
50
Jun
11
Jun
113
Feb
Apr
3
Mar
July
8 %
*
♦
105
2%
5
'
3/8 Mar
y4 Feb
100
Neptune Meter class A
Jan
(Herman)
-
30c
Co
Power 7%
Feb
9%
10
„
1 Ya
8 %
100
6Y2 May
8Y2 July
1 Ya
1 Ya
200
1
Feb
1% July
IdJ.l'.j
''"»"""11' »» —«»"»
"""'
""" ■*'"«" —;"* "
; Vi:'...:: '_S»rW.I
VJjt
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, July 20, 1942
NEW YORK CURB EXCHANGE
Exchange
Week Ended July 17
Curb
■
.
Low
Par
■
New
--
Zinc——————25
Land—
1
57
-
1%
$6-
200
4 Va
Feb
12
.
1%
12%
*
89
L
12%
100
Quaker Oats common—
,6'/«i
preferred——
....100
Quebec Power Co_———1L-—-*:
;0
Vz
20
1%
Jan
74
Voting common
10
Railway & Utility Investment A—
1
Raymond Concrete Pile common.——•
Railway & Light Securities
10% Juft
lOO
Jan
91%
:
Jan
Jun
94
Apr
102
Jan
6%
Feb
.7
Mar
Apr
..
$3 convertible' preferred—
50
52 %
A: optional -warrants------*—' \—^
optional warrants—^
:'
:• --
'
—
A Jun
v.
•
5,
•
preferred——
100
Niles-Bement-Pond———* Nineteen Hundred Corp B——-1
A
Class
2%
•
—
.
2 %'
. —,
-
86
--
87/s
.
.
9%'
Richmond
-
5% May
% Feb
/
2 %
Cable
Rome
* —
—
-
Root
Corp
Petroleum
July
Russeks Fifth Ave—...
18
July
Ryan
52
July
Ryan
Jan
Royal
Typewriter.^.—.—
*
Utility Securities
North American
--
—
--
Central Texas Oil———5
Northern
Public Service 6% pfd_100
preferred—————100
Line——ii——--.-10
Nor. Indiana
83%
__
3
83%
10
' 3/77:7 - —
7%
—-*
—
17%:.
15%
'
102
108
11
.
Mar
St Lawrence Corp
Class A $2 conv
6 V4 July
17% July
St
'■
.
■'/■■■'■''.
V7./:7: W'' ::V;
:
2
800
150
14
50
110
j:'
:
112
112
120
105% 106%
2% Feb
Jun
17 Va
Jan
85
'
•
; ZmiJ* '•■■■■ ■ '-
preferred———-—100
Ohio Power 4 % % preferred—--—100
Ohio Public Service 7% 1st pfd—100
Ohio Oil 6 r/o
1%
2 Va
15%
15%
Apr
100
112 %
Jun
U.
1+../' 3".'
Schulte
'
—
112
Jan
Apr
110
Feb
Scovill
Feb
98
Feb
—
5V2 May
6% Mar
preferred.—/--50
$3
•*■$5 %
prior preferred——.—*
conv
$iiyer
104
—
United Filters B—_—
Omar Inc
Overseas
——1
Securities—-—---———1
"*3% "3%"
■
,'^.-3
'
l7/a
.
Apr
17
48
Jan
May
111
'
3
100
'
3
Jun
4
Jan
IVa
Jun
2%
Feb
:
3
9
9
28%
28%
Jan
15
Jan
53!
;
36% Mar
Jan
■—
2%
Feb
joo
3 Va
Jun /
5Va
2%
3 300
1%
Apr
2% July
3^
'300
3% Mar'
•
% July
Feb
15
Feb
**"•
'J''
"1%
~1%
'■
~2
I'/a
..
...1
700
%
'
''
*.«•
.5
■3^
..
3
®3
—
3
Apr
21% May
% Jan
12
•
Vti':
—
__
'
•
Apr
% July
is Feb
8Va
3 3
Jan
19% May
300
23%
23'^.
Jun
'
__
3:Vj.'3:"3
—
Jan
ifls
Apr
10
:33'/;/
Jan
3%
Feb
Apr
%
—3
common-.——.—.*
19
.
'
"
120
Apr
1% July
- i..
8% May
2% Jan
.
107
..
common—————1
Lace
8% May 7
1% Jun
400
v'
I
—«
111
v3''
3
16
^ 0:
15
July
,
26
;
Mar
Jan
112% Mar
7.
Jan
18 Va
Jun
///f://
Co
—•
common——.
9
July
24%
%
3 Va
%
•
fa
—5
1%
25
—
40
42 :
preferred—
25
Pacific Lighting $5 preferred.—'——*
Phcific Power & Light 7 e/o pfd.—.100
Pacific Public Service.——.-———*
22% Mar
Apr
981% Jan
72
Mar
3
July
3
July
Seton Leather common——
»'$130
11%
Feb
13
July
Shattuck
Mining5
Shawinigan Water 81 Power.——*——*
Jan
Shenvin-Williams
i'«
V
1%
40
.
10
1
Jun
July
A Maf
Jan
1% Jan
Mar
38
Apr
45%
Feb
38;
39% -42
/
3%
i
Apr
45
Feb
27% Jan
90
Va
Mar
% "Jan
>'
8% Jan
V
""'/a
36
r
Apr
2% Mar
3Va
-
_.*;
Allotment
Jan
:
Jan
U July
26% July
—1
Inc common—.1
$5.50 prior stock-;^—..—
certificates—
July
29%
Apr
Jart
9%
Jun
% Mar
*
—
Segal Lock & Hardware—
Seiberling Rubber common.—
Selby Shoe Co
:
69
July
6V2
/in¬
1
——
—
29
33
—
Steel
Convertible stock.—
9
———•
1st pfd—7.25
2V4
9Vi May
-
—
1
—
;
securities Corp general
Seeman Bros Inc
.
Co common
Jan
4%' Feb
Apr
~5i/a
•—
—
Spring Brook Water Service—
preferred
_»
$6
Scullin
-
Can
pacific Gas & Elec 6%
■
—
Selected Industries
Pacific
;
-
9V2
Jun
l %
.
Jan
100
l7/a
7% Apr
2
200
'
% •;
preferred
25
Manufacturing—.25
-: 23
Electric $6 preferred—
—*•' -
Scranton
Jan
Apr
95
10
104
•
50
Scranton
12
40
——-
—*
Convertible
"
200
15%
15%
15
Jan
12% Mar
: 100
1%
--v
4
Scranton
—
—
1
common
(D A)
Mar
'
-.6"(o 1st preferred——--———100
Oils'tocks Ltd common—
.—5
Oklahoma Natural Gas common.
Co
91%
100
"
20
103% 103%
Co.—
Oil Co
Schiff
98
'■
Jan
95
3 i/a
—
'
Jan
Feb
/
.
% Jan
94%
100
.
Mills.———
Savoy
Feb
Ltd——..
pref.^—___i
United Corp common.—
Sa-nford
'37
%2
Jan
% July
2%
■;
.
2%
Regis Paper common
5
7% preferred——.—.100
Samson
".f
Apr
X6V4
Jan
9% May
Jan
Salt Dome Oil
Ogden Corp common.———
4
Ohio Brass Co class B common—.—*
Ohio Edison $6 preferred—-———*
Feb
Jan
11 %
Jan
1% Mar
700
.
Apr
Apr
87
5% 7.3; 1,700
5
5
May
Jan
5%
10% May 3
44% .44%■50
-v
.1
/
1
.
.
i
.
*
8%
2V4'
1 »/a
s?a May
3% Jan
3% May
72%
—
class A—25
Noyadel-Agene Corp—
37
—
Northern Pipe
Northern States Power
aa
8%
2V»
—
l
S3a
11V4
7T May
ZZ
Z.¬
>
—
1
t
——i...2 Va.
Ryerson & Haynes common
-
:
,
*
Aeronautical Co_i.l._..—
Consolidated Petroleumi—
;
—
2%
;
r
•"
Va Mar
''-V
.
-,
$1.20 convertible preferred.——20
18
Jan
% Jan
—,
.5
Jan
1%
81% July
,
—_5
2%
18 V* Mar
Apr
27/» May
10 * Apr
5V4 Jun
100
\
51 % Apr
A Apr
9% Jan
—
—„*:'
common—
88
Jan
14%
—
ya
—
Co——,........._1
Apr
*50%
- —
-
'
—
,
preferred——100
Roosevelt Field Inc————^
Feb
Va Mar
Feb
'
-
—:ZZ
; v,.*
Jun
& Jan
/
.
y8
pfd C—100.
Roeser & Pendleton Inc——i
7/» Jun
15 Va Mar
B common—18
prior preferred—————50
— -
6 </e
A
v
.
'....
v t c—1
;
Jan
,T2
Jan
200
—
...
.
100.
6 Vz %
Tel
15 % May
50
,■.
Class
v
3%
Apr
»'«
.
5 V2 May
—
preferred————.——*
North American Rayon class A—.—*
v.$6
Jan
Apr
6% Feb
V* Jan
16% Apr
46% May
1% Mar
-\
3%
3'/a
1,700
.
—
l
preferred D
Rochester
Jan
2%
—:
-
14%
Jun
"67o
Jan
i/a
—
3%
Jan
Radlator.^^—„—
^4
-
•
—
.
Manufacturing Co
—1
Rice.Stix Dry Goods————J.*■'
90
Apr
8%
400
-
.___50c
....
Rheem
2% Jan
2% Mar
100
-
,
%
Nipissing -Mines——————5
Noma
Electric—i—4——-a.--.-i—
1
North Amer Light & Power common—1
Jan
8Va
Apr
13%
50
; '
—.
Engineering
5
Aviation—I
Valley Gas Co
—
X13V4 xl3%
•
——*
Rochester Gas & Elec 6%
Niagara Share class B. common
70
150
Apr
is May
4
—
-
:
Electric &
Rio Grande
>
;
—
—•
,
—
/•
Feb
1/12B Mar
;
V« Mar
1/250 Mar
Class B
?
1.
Corp
900
•
■'
53
Jun
,
—
xl3V4
69%
Apr
32
•
—
Reliance
Feb
1% Jun
1%
Reiter Foster Oil
Republic
a8a
....
«-
•
Reed-Roller Bit Co
27 Feb
%
—
Raytheon Manufacturing common—50c
25% J*n
16
99%
98%
,;;
/
Va
-
—
May
May
—
5% 2d preferred-—;—————160
Apr
May
8%
Radio-Keith-Orpheum option warrants-
18%
18%
.
•
56
139
Jan
Feb
18
Jan
81 Va
,
,—../
.
Niagara Hudson Power common—-—10.
5%
1st preferred----—-------—100
63%
142% 143
Jan
3 Va Apr
2% Feb
.
llVa July
3
7%
—
Range Since January 1
68% Jan
Apr
~27/aMar
89%
... —
63%
.
.
High
Jan
Apr
lVa
.
Shares
Low
Jaii
Apr.
50
1,200
1%
30 Va
101 %
.
10% Mar
200
for Week
Jan
19%
——1
N Y State Electric & Gas $5.10 pfd.100
New York Transit Co———
—5- '
Ni Y Water Service 6% pfd/——100
>/Class
3
„
.
Red Bank Oil Co
N: Y Shipbuilding Corp—
'/Founders
shares---—
,
t
1%
Apr
Apr
Sales
Range
of Prices
Friday
<•
••••
N Y Power &
■
19 V4
'
r-r
Merchandise—————-—10
—
Light 7% preferred—100
preferred—-—--—-—.-——*. ■; %•—
Y
.
5Q
„
56% .57%
•
-
New Process CO——
■*
—N Y Auction Co common.—
——*
N Y City Omnibus warrants
:'3:/t-3
N & & Honduras Rosario——.——10 •
.
11%
11%
11%
New Mexico & Arizona
N
22
85%
Week's
Last
Sale Price
Exchange
High
Apr
80%
50
22
—"-"X
New
Ntiw Idea Inc common——-——-—*
New Jersey
Low
Curb
Week Ended July 17
Range Since January 1
High
iiVa
preferred————-———100
preferred—:—3—————■—*
England Tel & Tel-——J—100
Haven Clock Co
;—-—.—*
6%
$2
New York
for Week
Shares
%
England Power Associates——
New
STOCKS
Sales
Week's
Range
of Prices
Friday
Last
Sale Price
STOCKS
New York
"1st
preferred—-—--————*
1st
Tubes-—.-.
Page-Hersey
3Va May
10
10
6V2
4% May
July
May
30
Jan
29%
29%
29% July
31
common-——.—-—1
314
3%
—1
7%
8Vs
7
Canada
common——
convertible
$3
2%
4
.
T0V2
10%
—
4
9% Jan
8% May
i
—
4% May
5Va Feb
Jan
11%
•
59% May.
110
Jan
78
% Apr
v
V
Feb
114V2 114%
*
—
9%
>
76%
—
_*
—
;
;
2%
.i
common.———25.
Simmons-Boardman Publications—
7
24.
■
2Va
;
4Va May
4% Feb
2V4 May
..
.
pfd series AAA———100
cum
Co
Va Apr
i
*
Silex
26%
Paichogue-Plymouth
—J—_1
July;
13
26%
——1
Mills—:
*
Si Reel
Pa*kersburg Rig
1...-—
Denn
Sherwin-Williams of
3Va Ma y
Jan
Safety Control.—
Serrlck Corp class B
Feb
.5%
Paramount Motors Corp.———1
Co
.
"4%
3% Mar
P^ntepec Oil of Venezuela Am shs——Parker Pen
87
Sentry
Jun
78 Va July
115
Jun
9% Jan
10% July
t
preferred.
'J-
3 '
,
^^3.
y/
;/
;
■■33
15%
17%
Apr:
Apr
'
common.—-—*
$1.40 preferred A-—-—-——25
Peninsular
Telephone
Pennroad Corp
Cent Airlines common.
Penn
47
Pennsylvania Edison Co $5 series pfd_*
$2.80 series preferred—-.
—*
5,900
2%
Jan
3%
Jan
1,000
5%
Apr
81/4
Jun
25
47
44
.$6.. preferred.———
56
-1
Simplicity Pattern common——
.—100
Singer Manufacturing Co
Singer Manufacturing Co Ltd—
Amer dep rets ord regis
£1
Sioux City Gas Si Elec 7% pfd.
100
Skinner Organ.
Penn
Salt
74 Va
74%
30% Feb
% Feb
Solar
Aircraft
105
Jan
Solar
Pepperell
140%
74%
25
140% 140%
100
Jan
Sonotone
125
47%
48
600
36%
87
88
100
81
"2%
—*
"3%
Pl^la Electric
Power 5%
Phillips 'Packing Co...
Securities
PliOenix
Conv $3
pfd.
3
3
96
22
Apr
29%
Apr
3%
Jan
4%
4%
100
5%
'5%
5%
1,100
38 Vs
38%
39%
10 Vt
Smith
common.-——_.——*
1 Va
IVa
5Va
5%
Pittsburgh & Lake Erie—-;
—.50
Pittsburgh Metallurgical
.——10
Pittsburgh Plate Glass
;
—25
Pleasant Valley Wine Co.———
.1
••
.
' '
'■
;
;
50%
;
1
600
■■■'i.'
51
3%: Mar
v
110
•"
:
,
Polaris Mining Co.—25c
Potrero
Sugar
Powdreli
Power
&
common
—
5
2%
■
.
7%
2%"
%
■■■
'
v
■.
■
Southern
Colorado
Southern
Southern
Jan
Gold Mining.j————1
Inc common——.
•
—
Prentice-Hall
Metals
Producers
of
America
%
■;
Southern
51%
43
Jan
.
.1
Jan
?—
~r
Prosperity Co class B
Providence
.■
Gas-
——•
.
..
.
-
—
"3''./
V.
*
3."
■
v
6 r/e
Jun
Stahl-Meyer ■ InC——
Standard Brewing Co
%
Apr
15
Jan
1% Mar
3
4%
Feb
Jan
2%
Convertible
Jun
Jan
2Va
preferred..
Sound
*
•___ 1
Jan
50
16%
Feb
19% Jan
Va Mar
33
3
33
Jan
4%
Va
Pulp & Timber——...*
-National Co common...
Pyrene
For
footnotes
see
5
——'lo
Manufacturing
page 238.
f
1
__
,
2%
Apr
3 Va
Jan
l7/e
27%
Apr
35
Jan
Jan
27
Mar
30% Mar
24% Mar
23% Mar
—
Jan
Jfun
25
3'
42
Jan
10
100
...
Jan
7 % Mar
2%
Jan
27%
,
Jan
6
Jan
% Jan
10
May
200
70
Jun
.Feb
6 Ve
5
—
1%
122
23% May
50
26
Jan
%
1 % May
'
—
Jan
26%
105
May
5Va Jun
' 6
Jun
.
—
.
28%
% Feb
100
6
—
,
—
112
6
••
—
T
Feb
1 V4
4%
Apr
77/a
Feb
■
3
■
:
Oil
13 %
*
July
1%
—
2
—10
,
—_
„
,1%
1.
—
2
100
.....
..
—
11%
11%
12
12
12%
—100
108
108
'
■
Feb
Apr
109
Feb
Mar
Feb
Apr
111
96%
97%
250
87
Mar
103
50
1,100
75
109
40%
41%
800
.35
Jan
52%
Feb
11%
11%
300
Jun
8% May
161/2
Jan
Standard
—
—'
Products
Co
Tube
class
B.
...
(The) Corp voting trust ctfs—1
Steel Co of Canada...
.——_*
3*
18Va
:
—
,
1%
%
/ "
—
:
—
/
—
-
—
»—
3l«
18%
1%
V4
700
400
100
200
—
_L
—
—
1st
8% May
preferred—
—50
5 r/o 2d preferred—
—20
Sterling Aluminum Products—
;
^1
7
Sterling Brewers Inc.—
—
-
—
•
—
—
/
Apr
-
Feb
1
,
—
—
,
.
—
__
6—6
_.
_
300
6
;
■
Jan
Va Mar
3%
Jan
14'
Jan
2
Jan
"
12
Feb
14% Jan
110%
Feb
iV
Jan
,
% May
■
!l% May
A Jan
46
.
-
& Co common—i—_——*
Sterchi Bros Stores
6%
—
—
—
_
1
Starrett
(A)
'.
—1
—5
...
.:
1
———
Standard Silver Lead—
.3
*
—
—
—
—
'Preferred
•
11%
nV Jan
Va-May
;; .12
May
'
4% Mar
A Mar
13% Jan
Standard Power & Light———1
—
'Common classB————.
Stein
6%
Feb
1% May
97/a Apr
1V2' Apr
IOV2 May
10
Feb
103
Apr
200
10
pfd
Jan
%
Va
——
11
11
—
..1
preferred.!—l__.20
Standard Oil (Ohio)—5%
Feb
2%
1% Jun
A Jun
1,200
2
■'/
—
1
(Ky)
,
-
—
'
:
,18
...
,
2,78
preferred
$1.60 convertible
Apr
Jan
6 Va Mar
3 •"
Apr
A May
106
•
1%
Apr
iV Jan
Jan
96%
40%
112
112
—
Standard Dredging Corp common
Standard
—
$6
Jan
'
%
%
—
$panish & General Corp—
'
Amer\dep rcts '^rd regis——,
Standard
97
Feb
2 Va
*
Standard Cap & Seal common
Jan
of Colorado—
—
'
—
Apr
1st
preferred—100
i'7% 1st preferred
^—100
Puget Sound Power & Light—
$5 prior preferred
1%
Apr
60
38
—
Standard Steel Spring...
Public Service
r
38
preferred A——————25
; 25%
Royalty Co————5
^
Spalding (AG) & Bros
——
1
1%
1st preferred—.—13
81/4
12
27/a
-■
"3
Jun
Jan
■
—
8%
8%
300
is
■
38
Southland
Apr
l
Corp of Nevada.——
England Telephone—100
Phosphate Co.——i——10
Pipe Line
——10
7Va
—
■■;'3/
"lV'
"'V:
3%: Feb
300
19"
■
—
class A—.25
Southern Union Gas--————
3
19
—
.
33;3'--3 3:;■
1%
,3
800
332
1,900
...
May
3;/ ' 2'
n
,31,800
:--.p 33
Mar
900
3
1%
2%
:
•
159% Jun
1%
33%
3.w
New
Power
Jun
.
■.
19
1%
V:3"2'„
700
2%
2%
3 33% 3: 7 33%
25
25
7
55%
300 3
2%
:■
Feb
L—
100
25
—
2°/a May
3
%
2%
—-
Alexander——5
.
73, ■3"
■
Edison—
6%
100
•
7%
%
•
California
original preferred
preferred B.——
5%% preferred series C
5%
Spencer Shoe Corp
7%
.
■
Southern
Jan
300
1,200
Corp of Canada—--—————*
Premier
1%
:'
2Va
3.
731/2'July
'
PVatt & Lambert Co.———„*
Pressed
-33/J'
.'7
•
2Va
Pipe Line.
Apr
Feb
9
__
73
Pa
'63% Feb
'
71
;
—10
common.—
—
•
k
1
common..
Jun
—■■
common.——————7.50
Scale
Pneumatic
—
v
Apr
—
—
Jan
V
3,3*2: :3333 ~2Va
".r
Oil.———.
Penn
Southwest
1
,
10% July
1% Jan
'
71
South
3
"2
39% July
July
47 3
Manufacturing common,
South Coast Corp
July
'
P'lbugh Inc
;'3.
1%
Corp——..L—
6 Va
.
33'3 4% May
37
Jun
__
~2
Co
4%. Feb
.
31 Va Mar
800
.
-
50%
3 ^:
300
1
Mines Ltd
v.'
.
v1
1%
•
Paper Mills
(H)
31% Feb
101/4
1
Feb
4
"
common.—-—-
—»-H»
.
■'
130
40
Jan
3 Va
May
25
Pijfhey-Bowes Postage Meter
;
•
Pifts Bess & L E RR—————50
Pioneer
Gold
31
31
Jan
Jan
3% May
48% July
Jan
1%
3:3; T-P
25
—
preferred series A.—-——10
Piferce Governor
800
*
175%
Jan
Mar
20
Perfect Circle Co.—-_-._-_-_-_.-L_—•
Pharis Tire & Rubber.—__1
common—.—
Apr
2%
Mfg Co—-—100
Philadelphia Co
t'
Manufacturing Co
74Vb: July
70 % Apr
81
Sugar Prop
Penn Water & Power Co
.
3
-
.
3V7
'
_*
Mfg Co.——-———.50 V
common
-.20
7
Feb
Mar
Soss
Penn
3v.-'..33'3 7'^';
''
151% 153
151%
—_
1% Mar
Light $7 preferred—*
Power &
Jun*
26
Penh Gas & Elec class A com—-—*
Penn
Apr
Co...—2%
Traffic
Penn
-
*
8
.2%
34
8
4%
Apr
Apr
May
Apr
Apr
Feb
Jan
19 Va
Jan
6% May
A Jan
20%
2
Apr
Apr
Mar
46
9%
37/b
Apr
Jan
Jan
35% Mar
8
Apr
6 Va
Jun
1% Mar
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4091
156
Volume
York
Week
Curb
Ended
Sale Price
Inc
Stetson
(J
Co
(Hugo)
Stroock
(S)
Sullivan
300
325
2
150
8%
Apr
13%
preferred
Superior Oil Co (Calif)—,
Superior Port Cement class B
Swan Finch Oil Corp
..
Apr
12
7
Jun
~1%'*
-1%
r*
Jan
2%s
Va Mar
3%s
s
f
debs,
3%s
s
f
debs
2 '/8
.
Amer
Jan
Amer
Feb
-
40%
150
39%
Jun
45 V»
34%
35
300
26
35
7%
Jan
♦
Il5
1
*
Taggart Corp common
1-
Feb
11
t
Writing
Tilo
Co
Inc.—
Realty &
Tobacco
Product
.
"v
r '
19%
Jan
67/8 July
8%
Apr
86
,1
■
;;
—
:,
„
100
Jun
Pr
14
150
15%
Tri-Continental
1
*
100
V
—
..
.
S3
.
—
8,100
& Sons
1
United
59
July
95
Cigar-Whelan
Corp
X103
Mar
111
;
3% May
M
5s
Jun
Apr
Va
class
Common
7%
5s
4
,
'
3
1,100
4%
Jun
Mar
1%. Jan
4% July
300
Boston
Feb
6%
i
C
Molasses Co Ltd—
United
United
-
5"
_
'
6%
100
f. ■
100
11
Jun
7%
111
Jan
Va
17
i
—
•
Va"'
i
—
1,900
v.
<
—>.
.
;
43
:
\
v
—
•;
1
S
warrants
Inc preferred
Lines
Plywood $1.50 conv preferred—20
8 Radiator common
1
S Rubber Reclaiming—
—•
U
—50c
*
50c
2
*
U S Stores common
1st
convertible preferred
$7
United Stores common
% July
—
Apr
Paper
Cooler class A
Universal
Universal Corp voting trust ctfs
Insurance
Universal
1
1
Universal
Pictures
7%
—
'
3%
7%
—
...
.
49
6%
1,400
States
Sugar
Utah-Idaho
Utah
Utah
Radio
Light $7 preferred
Power &
Utility
$5.50
Products
Equities common..,
priority stock
5
*
1
10c
1
-
series
6s
Cities
—
•
,f
2%
;
,
—
Vogt
.
,
21
deb
Conv
2
790
400
,
*2%
—
100
/
VA
1%
6%
'
;
Cities
Service
-
%
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„
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•: 62
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38
43%
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3%
7
Apr
214 May
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900
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v
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ref
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8
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3
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%
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ft
__
ZZ
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26
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29
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A
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%
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„
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see
page 238.
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Arkansas
8% July
2%
v 17
2%
*
Technicolor Inc common
Thew
January 1
No.
Jan
10%
Apr
Feb
ft
Pow
§ Associated
Texon Oil
Range Since
Sold
High
—I960
—
Lt
Appalachian
40 %
Associated
Texas
Low
1950
debs—
f
s
Jan
9%
1% May
1,100
-50
com,.
Tampa Electric Co common
Bonds
Sale Price Bid & Asked
Period
\
Jan
Jan
3%
Va Mar
1%
Friday Week's Range
Last
or Friday's
Interest
Exchange
American Gas & Electric Co.—
1
Jun
-25
convertible
Curb
Ended July 17
Apr
___
1
Sun Ray Drug Co
Sunray--Oil—————-.i-. *,i
Week
\
■
Jan
9%
10
10
_
.
High
1
1—5
Machinery-,
Corp
Co
i;
Low
2'/a
2%
York
New
Range Since January 1
High
7/a
2'/a
common
Stinnes
5'/a %
Shares
1
■
B)
for Week
Low
Par
Sterling
Sales
Range
Last
Exchange
July 17
BONDS
Week's
of Prices
Friday
STOCKS
New
23:7
,
85%
100
'•
86
9
100
2
10834 108%
"Z
Af-N
109 Va 109 Va
J-J
56
86
98% 100109%
106
4
107
98%
A-O
80
1
98%
2
55%
56'A
17
105% 105%
4
110
98 V8 101
55%
64%
'
Af-S
105 3A
102% 106
|
!
THE COMMERCIAL ft FINANCIAL CHRONICLE
238
Last
Interest
Exchange
or
High
.
St iref
1st
5s_
Low
Low
High
103
J-D
103%
150% 104%
-107'A
105% 108
112% 112%
M-N
100 »A
Nebraska Power
A
series
6s
Elec
Gas
Amsterdam
New
5s
—
—
deb
Conv
••
h
5s_——:—
J-D
*
-
England Power 3%s——-—-1961
New England Power Assn «s_—1948
Debenture 5'As
———1954
New Orleans Public Service—
-Alncome 6s series A-i.
.-Nov 1949
N T State Elec 4b Gas 3%s——1964
HITIe Westchester Ltg 4s
2004
New
.
1
-
5s—.1954
Debenture
-
M-N
Bogota
28
92%
46%
'64
.
' 46%- 47%
' 4107
19
82%.
' ..43
^:
Bank
198;
—1948
w,
j -3
70
36
74'/«
35
103% 103%
'
M-N
J-J
1956
•North Boston Ltg Prop 3%s——J1947
Nor Cont'l Utility 5'/as
—1948
ALlma
85
67%
A-0
J-J
109
it
,
Dity
!«._
%s
S
5
103
Ohio Public Service
rs;—„——1962
M- N
>
106
F-A
Aug 1955
F-A
A Parana
'
Oklahoma Power St Water 5s
13
£%s-_.
TOO
100%
418
107% 110
101
*
104
;
22%
M-N
$105
Pennsylvania Water & Power 3%s_1964
3'As
j
1970
Philadelphia Elec Power 5l/as—-1972
Philadelphia Rapid Transit 6s
1962
J-D
23
$106% 107 'A
J-J
--
4106% 107
-
No par value,
Cash sale,
x
33
.■■■—■■'.,.
v—.
12%
**
r
«
'■ v
-
V,
17,
■
11%
.■••'.•16
.12%'
$27
$29%
M-S
$15
16
9%
13
25 %
$15
J-D
28
25%
28
13%
—..■
r,
13
■
13%
32
A-O
J-D
'
—
-J
$10,,-' 11%
$16%
18
17
.28%
•
.
—1959
J-J
15%
15%
.
.15
19%
10%
.
J-D
15%
/
4
>
15 %
'■
■'
—1949
r-
-
■;
J-J
J-J
l'A
$1%
$1%
$14
i
1
1%
,s
Jrnm*
■
1%
1
■
1%
13
.
15
22
101% 401%
1'8
..
y Cash -sale
t
.
'
28
10©
Deferred delivery aale.
a
Ex-dividend.
«d Ex-interest.'
eOdd-Hot sale,
hot included In year's
Under-the-rule sale.
n
range, Easy
Washing Machine dlass
B, June 26 at 2%.
97 % 101%
•
101%
■
32
—1921
'
M-N
■
$27
Government.. 6'As—— —1919
-ASahtiago 7s "
t
J-J
1
'
f -'
■*.
ARussian
105% 108%
101% 102
F-A
Light
Park Lexington 1st mtge
y 20%
;
i,
Iff-N
(State) ,7s————1— .1958
•
107%
18
5s
1955
3s
1964
Penn Central Lt St Pwr 4Va6--——1977
1st 5s
————1979
Pacific: Power it
:
,
102% 106
$107% 107%
101%
13
".35. ;.
-
108%
105 %
108% 109%
108%
A-O
—1948
Oklahoma Nat «G.as 3%s B
4105
A-0
?
1
•
108
106
""5
107% 107%
A-0
33
,
ti.:,
J-D
—
1927__i___—„
€1
107
108%
$108
9%
25,
-J
M-N
,
1927——
Alssue.- of Oct
105
50 %
,6
108% 108%
F-A
12%
.$25
;
yu-s
—1958
A5%S
.—1945
-Ohio Power 1st mtge 3%s„—.—1968
1st mtge 3si——.——1971
-
41
i. v.
J-J
•
(Peru) 6'As stamped.1958
^
ARio de Janeiro
A———1969
1st 3%« series
F-A*;:
jy
.
Alssue of May
Northern Ind Public Service—
Ogden CJas 1st Ss_
'
44
96% 103
27
53%
52%
$32%
■
•
.
107%
114% 115
103%
103
-
53'A
• •'
■
25
41
$11%
AMedellin
7s
stamped_„____i__
1951
Mortgage Bank. of. Bogota -7s__>- —1947
111%
105
7
/
100% 100%
103
41-
87%
101% 105%
6
107% 107%
4114% 115
J-J
«V
41
M-N*
A Mortgage Bank, of Chile 6s_—- —1931
Mortgage- Bank of Denmark 5s__ —1972
series A
5'/2s
y
High
V-.'
25
'
North American Light & Power—
,
Low
;
440 >'41
■
108%
65%
•
4110% 112
-V.1-
J-J
^
J-©
-
—1953
Danzig .Port ■<'&.. Waterways-r-
AMaranho
J-D
-
'i
A-O
—1955
Extended
■
£3
J06
A—•
73%
74'/«
Low
No,
of)
Valley
Danish,
62%
42 .:
'•*
42:
.
€9%
A-0
J-D
High,
.
Range Since
January 1
Sold
114
42
29
(see Mortgage
A'Cauca
96%
113
46%-: 48%
46% €7%
'•'s
Bonds
Sale Price Bid & Asked
r
ti
'
AExternal,6yasstamped-.__^,« ,—1952
•.
WeCK's Range
or
Friday's
Last
Period
(
115% 124%
46%
'
M-N
16
<-106% 111>
4113% 114%
M-S
—-1948
—1950
I—ii.—«—
92%
Friday
Interest"
'
Agricultural -Mortgage Bank '(€ol)—"'A 20ryear
"v7si"—__^>_>„April:1946
A20-year'7«™'—1947
100V4
9%
113;
:±L
1
J-J
-U947
New, Eng Gas & El Assn 5s—
198
1*»''
•
WW-
4110%
..
A-O
1948
14'
'
Exchange
July 17
v„
96-
108
M-S
1956
5s—
'5s—i—
86
•'39%
.
J-D
-———
Nevada-California
98
—
Curb
110'A 112%
'
F-A
ctls—1978
4 !/aS—————1981
2022
§ ANational Public Service 5s
York
Week Ended
'i'.-"
'
F-A
Ltg 5s———-1945
Nassau & Suffolk
v
BONDS-.
New
104'A
103% 104
103'/a
J-J
Mississippi P & L 5s
.—-—1957
Mississippi River Pow 1st 5s
1951
Range Since
January 1
107
103'A
J-Z>
———1978
—
1955
Minnesota P & L 4'As
Bonds
Friday 's
Sale Price Bid & Asked
Period
July 17
Ended
Week
Week's Range
Friday
BONDS
York Curb
New
Monday, July 20,1942
4 Friday's
104%
\-r
-
■■■
•
asked prices;
bid and
■■
■
■
.
..'v
'■
•"
.
•'
-y: ' ■'
;
v
.
•
••'
•
■.
'
.
'
•
'
c.
•/.
'V
■•
sales being transacted during current week.
no
'
—
Portland Gas & Coke
Ss
.
•4 'As
Edison
5s
F
aeries
——-*1950
1956
—
*
111
110%
105
22
;
A Bonds
x;
92%
92%
J-J
106
111% 111%
M-N
87%
8
1
A-0
112
—1947
1959
M-N
Abbreviations used
475
112
06%
above—^^cod,'' certificates of deposit; "'cons;** /consolidated; "'cum,1" cumulative;
convertible;
VM," mortgage; ^'n-v,"
•"wi," when Issued;
with warrants;
"w w,"*1
stock; ,"vt c,M voting dkruBt certificates;
non-voting
"xw.V without warrants.
/
103
71%
79
Stock and Bond Averages
1964
Sinking fund deb 4s————1949
Public Service nf Indiana 4s___—1969
J-D
108
107% 108%
U-S
108%
19
105% 106%
J-D
8
194% 106%
;4
105% 108%
*
108%
108
106
108%
Below
listed
on
the dally closing averages of representative stocks and bonds
the New York Stock Exchange as -compiled fey Dow, Jones & Co.*.
are
—Bonds—
-—-Stocks
New Jersey—
of
M-N
135%
134% 135%
32
132
J-D
101%
101% 102%
31
98
102%
1950
M-N
101%
101% 102%
12
98
103%
1950
J-D
99%
perpetual certificates—-^—
Paget Sound P St L 5 'As——
-1949
1st J& anef
series C
5s
1st & ref 4'As series D
Queens Borough Gas & Electric—
5%s series A_——
——1952
A-0
Safe Harbor Water 4'As
J-D
.-1979
San Joaquin Lt & Pwr 6s B
ASchulte
Real Estate
-—1952
L
6s
1951
Sculltn Steel inc mtge 3s
4
99% 100
60%
112%
01
M-S
■4'55'"
75
108
130
129:
J-D
8
■'
'
93%
94%
A-0
93%
93%
93%
$
$79%
81
;
South
Wyoming Coal 6s—
Carolina
Power
Southern
California
Southern
Counties
1st mtge 3s
J-J
J-J
3s
—
105%
1951
£7
•
103
.
103'A
101% 102%
105
—
2022
stamped
53
MS
.—.May 1948
6s
Debenture
gold debentures-.
Standard Power
&
52
53%
5
105% 105%
4
92 Va
3
92'/«
M-N
51
446
A-0
59
58%
£8
8s
series
A-0
59
58%
18
59
49
49%
62
27
—1957
F-A
59%
40
49
37
50
F-A
58%
59%
A-0
419 %
207/a
A-0
411%
14%
413%
18
59
54,'748
53,325
Thursday
43,125
Friday
55,780
541,000
373,000
382,000
503,000
280,048
10%
%
J-J
$2,376,000
J-J
1956
M-N
15
Water
Toledo
Twin
Power
Edison
5s—
3
105
_1968
City Rapid Transit 5'A&—1952
United
Electric ,N
J
4s——1949
108% 108 %
4'
107
United 'Light & Power
1st lien & cons 5'As
United Lt & Rys
F-A
93%
75
1st lien
4959
A-0
(Delaware) 5?As-1952
(Maine) —
F-A
U952
gen
6
•
4
*
4'As
^
1944
F-A
;
2022
debs—.—1984
M-S
Wash Ry 81 Elec 4s
—1
—1951
Wash Water Power 3'As—u.—£—1664
94%
A-0
West
Penn
Traction
-2030
5s
i960
74%- 75%
22
2
112
105
105%
6
6s
—
SAYoTk Rys Co 5s stnd
AStamped 5s
95%
94%
33
-' '■
•-'.■■■
■'
•■"■;.■■■
•.•;
■
2%
3
,
$4,050,000
95'%
95%
67%
2%
109
$93,904,500 .$144,420,000
.36,000
2 379,000
2 330/000
494,000
,1,554,000
$2,408,000
$4,227,000
'2
Transactions at the New York Stock
114'/a
92% 100
10
«
3
102
102
4113
83%
102
•
2%
3
474
62
62
99
4%
Saturday——
Monday1--—
Tuesday—
Wednesday
Thursday
Friday
78
56
£7
'72%
73'A
73
6
71%
73
73'A
5
71
Foreign
Monde
■
Exchange
Tcttat
Government
Bond
Sates
Bonds
$2800
$1866800
185,000
6,000
3355,100
134,000
25,000
$1,767,900
$97,000
278,840
223/000
343,000
18,000
372,550
3,162,100
4/292,000
385,480
4,835,600
265,390
282,'770
4,529,400
'3,490,900
1,738/780
$20,777,900
99% 108%
of shares
4.451,000
4,276,600
178,000
22809
4,404,400
3,690,900
$1,160,000
$107,000
$22,044,900
WeeJfc Ended July 17
1941
1942
32,000
Jan. 1 to July 17
1941
1942
1,738/780
3,056,420
$107,000
$1,784,000
2,552,000
38,267,000
$5,040800
74,782/000
1894,575800
73,188,939
57846,666
Bonds
U.
S.- Government—1
Foreign
Railroad
J-D
-
.
153,650
L——I
Total
and Miscdl,
Bonds
of
Shares
108%
69
*2
'
tDnited States
Railroad
Stocks,
Number
107 % *117
77
F-A
S
Baity, Weekly and Yearly
108% 109%
107
114%
$96,777,500 $148,304,000
:
80%
-
2%
109
F-A
J-D
1941
13,867,712
9/688379
141,000
^
115% 117%
4107% 108%
J-D
1Q?7
1942
547,653
■
£2 % 209%
93%
87%
J-D
—1947
Jan. 1 to July 17
11,000
Total--..——
Stocks—No.
unstamped extended to 1959stamped extended to 1959———.
$2,408,000
'21,000
103% 106
69%
Western Newspaper Union—
6s
$11,000
$21,000
$2,376,000
Week Ended July M,7,1942
J-D
West Penn Electric 5s
383,000
517^000
108
116% 116%
105
M-N
6s series A_
income
1,000
14,000
280,048
Domestic—.
86% 101
106
-
Waldorf-Astoria Hotel—*
A5s
•
108% 118
113% 113%
A-0
—
A—St
1,000
7,000
;
Co—
Utah Power & Light Co—
Debenture
94%
107% 107%
J-D
United Light St Railways
*6s series
$"2,066
~4"O56
\
Bonds
108%
1
Total
$182,000
400,000
548,000
378,000
B'ooo
'
108 %
J-J
J-D
»
i
107%
158% 108'A
J-J
1979
3%S—
of shares
Foreign government
Fore.^gn corporate
106% 106%
Foreign
>Corporate
Week Ended July 17
1942
1941
15
15
fGovernment
395,000
Btocl» s—No.
deposit——
2022
:
8922
89.16
$182,000
25
1957
Light 5s_—
£9.23
109.36
Exchange
Foreign
Domestic
46,255
76%
18
59
1950
A—_
.
109.39
-
Bonds (Far Walue)
-of
Shares)'
76%
76%
59%
59%
5a_———1960
-50.52
,
;
Wednesday
77
58%
58%
.,—.—1946
9026
109.31
50.76
90:30
^
■:!
•
'Tuesdt>y___^_____
76%
49
59
Light 6s
50.74
90.38
'
'■ '76%
59
-
Service
^
26,815
•
"Tide
VV.
Saturday
Monday-^^-^.—
51%
'.yVie
;:49;,:
F-A
stamped—
Texas Power &
•;■>
Week Ended July 17,1942
106
42%
60
59%
.—1946
Electric
106.46
106J1
(Number
60
103% 106%
.
Texas
106.49
36.06
35.75
Weekly and Yearly
Corp—'
Certificates of
36.06
*
'
98% 102
■■
J-D
7-4s 2d___
7~4s 3d
r.i
,
103% 106%
1951
—
AStarrett Corp inc 5s
(Hugo)
*
09% 102%
9
-Dec 1 1966
——■
6s___
-
^
•
4100% 10.1%
F-A
-—1989
—.
F-A
89.18
Transactions at the Hew York Curb
203
so
v
8932
10928
•
8934
10926
102% 104%
•
105%
109.26
51.05
5061
96y«
»•
""•i 200 '
Gas & Electric—
Debenture
fitinnes
4103
fUO
90.44
9028
Stocks
J-J
1970
(Stamped)———-.4—May1948
Conv «s
ps
102
A-0
—1971
Rys 4s
Spalding (A G) deb 5s
6s
M-S
4970
Southwestern Gas & Elec 33A«Southwestern- P & L 6s
Standard
103
.
wi
106.51
106.35
■
(Calif)
A.
Southern Indiana
..
1965
3'As.
Gas
Gas
1947
——1957
5s
Edison
11.80
«■
.J:'
40
Bends
10664
1191
9050
Total
•
ties
36.05
-11.98
t
10
Utifl- '.
Rails
55%
..
Southern California
25.62
Rails
36.04
■
25.70
107.82 V
trials
Second
■Grade
35.90
.11.89-
25.69
408.91
—
■Grade
96%
•'
Sheridan
108.89
—
•—
10
First
Indus¬
Stocks
,
12.00
25.81
10
10
65
XJ till—
12.09
25.64
..
'.r
£6
86
14
.197(1
—
93%
..
-:
Total
ties
25.70
108.22
•108.72
*Corrected figure.
V:.
130
7T-
A-0
A-0
*
—
,
roads
108.70
—
—
■
15
Rail¬
.
trials.:
..
July 11—^—
July 13
July 14
July 15^—
July 16__' •
July. 17——
:
82
53
.1951
—1967
Shawinigan Water St Pwr 4%s
1st 4 'As series D—
•
;
20
Indus-
v" ■'
Date-—
112%
129
''
*
30
■V
'
■
t
v/
.
150
96% 100%
5
v
112% 112%
V
' •'•'■'■■
1
•6%.
•
.
109% 112%
190
78
;
1st mtge 3'As—
Public Bervice
^
107% 111%
102'A 102%
MS
...
;
being traded flat.
!§ Reported in receivership:
106% 108
'
4104% 105%
MS
—1961
-
7s stpd
(Can) 4'As B—
Public Service Co of Colorado—
,
■;1—,
113% 114
114
404% 105%
105% 108
"cony/'
E_.
Fotrero Bugar
Power Corp
--
/1
Co—
stamped extended-.
Potomac
F-A
306%
—_«.
;
&
;
industrial
I.
1,160,000
20,777,900
.
:$ 11 ,'806,000
89,513.000
1,109,774,000
78
78%
'Total
J
"
$22844900
$42/603,000 $1,174,397,200 $1,211,098900
!
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4091
156
239
OTHER STOCK EXCHANGES
ki
Baltimore Stock Exchange
July
both inclusive, compiled from official sales lists
to July 17
11
'
:
Sales
Week's
Friday
■.»
& Wire
stocks
Range
!
•
Sa,eprice
>'■/>/,>
for Week
Shares
>•, Par
Arundel
»i
Corp.—
•,
Baltimore
1st
Transit
Co
preferred v t
Consol
Electric
Gas
t
V
com
Light
rv
■
/.
High
Low
■:
14%
159
13 y8
.
i
Apr
17%
.
Class
\
-,.501/4
Jan
5%
Jan
Central
51
Mar
52%
Jun
116
Finance
of
Co
20
__
48
108
Mar
Jun
■
%
96c
100
20%
40
19 %
26
26
21
9%
23 % May
8 %
>
preferred.
West Penn Pub Serv
——-100
7% pfd..25
Jan
—
22 V2
Apr
South
&
Corp
West
1—2
pfd-'——100
Fidelity & GUar———2
Amsterdam
Casualty.:
U S
Jan
28
88
25%
25 %•
951 \ >.
v
Mar
21% May
100
Mar
July
25% July
■
4s flat—.>--1975
Baltimore Transit Co
5S A flat
$9,000
55
* v
1975
—I——^
„
42
Jan
57
May
3,000
50
Jun/
65
Chain
Belt
Co
Convertible
'
...1
12 V?
12%
1,000
12% July
19% Mar
Georgia Carolina & Nor ex 1st 6% .1934
25%
25%
1,000
19
Jan
15
•-
15
2,000
15
July
Consolidated
.
July
Exchange
t,
Friday
V
t
/:■'1
Low
:
1
American
Tel
lists
2,401
101%
751/4
Oil
BoSton
&
Albany RR.
•
Boston
Continental
Boston
,
;
19%
56%
12%
Jan
5'/c
651'
Boston Personal Prop
6%
110
5%
1%
144
1 %
10-
10;
29
Shares
Century
—-..
•
Boston
East
...
•'
■%
%
....100
43%
.
21%
1%
1%
'
100
1%
preferred series A——,....100
86%
85
Foods
General
19%
Simons
1st
preferred B
57r
preferred adjustment
...100
.■'•./
12%
...
/
86
•
5%
-
50%
Car
»
16%
16%
19%
20%
Co
&
8%
'—
Torrington
:;
-v—
Fruit
Steel Co
Inland
cumulative
Metal
Utah
Venezuela
Waldorf
Katz
Drug
Ken-Rad
Tunnel..
&
Leather
91
Feb
22
July
D)
&
.
328
637
8%
64
8%
9
4%
'*■
•225
5
25%
135
v
Jan
1%
14%
Feb
18
27%
Jan
,
35
Co,
Corp
31
rfa
25c
Jan
;
22%
22%
50
19
24%
Jan
:
*
/
__
7%
D
&
—
common
class
B
100
18%
Apr
26% July
23 %
250
22
Apr
29%
3%
450
31%
31%
—
13%
14
31%
39
Midland
Jan
Midland Utilities
64c
Armour
&
Associates
Co
Jun
•
50c
Investment
Aviation
Corp
Bendix
Co
14%
Jan
18%
Jun
Aviation
Bliss
Borg
81
......
■
■;*V 1
*
7%
23
Sale Price
1
8%
Feb
Warner
0
—0
For
100
-.5
__
10%
footnotes
—
6%
Apr
10
page
10%
Jan
14% July
12
12%
400
8%
Apr
27,
7%
23
;
.
3%
28
Apr
Apr
'
May
Jun
400
r-
100
1
Jan
20c
10
25
Range
of Prices
•5%
28
Jan
140
/Mar
6 % Mar
21%
1
Apr
40 %
Apr
51%
6%
6%
300
1
3%
3%
10,950
Lamp com A———0
5%
5%
450
3
3
capital——;
1
'
Jan
72%
0
0
1
7%
25
Jan
,.100
Jan
5%
Jan
9%
10
—
Inc, prior pfd—„—10
100
Co
7%
15%
11% May
23
Jan
18
8%
850
9%
2% Julv
.
'Jan
Jan
Mar
12%'""Jan
Apr
16% July
Feb
11
30
16
4
f
Mar
Apr
3%
Feb
500
2% May
4 Va
Jan
2%
4%
100
3 Va Mar
7
103
6%
6 Va
6% >.
550
5%
4% May
Apr
Jan
%
,
14
Jan
0
30
--
6%
1
% May
550
30%
725
%
common
23%
Jan
31%
Apr
Feb
Jun
340
2
Feb
8%
150
7
May
5
5
50
4
Feb
27
27
50
21V4
Apr
27%
19%
Cooker common—2
19%
50
15%
Apr
23%
Jan
5%
5%
50
3% May
6%
Apr
6
5
common—
3
8%
6
50
6
Feb
7% May
11% July
2%
;
Gas
common.......—10
0
...0
Airlines
Inc
"5%
6
3
July
9%
Jan
5
Jun
■
Jan
11%
11%
70
10
Feb
11
11
100
8
Apr
11
10%
common—...'
common..:
Bancorp
common
10%
7%
10%
200
10
Jun
11%
Feb
10
Jan
&
capital.:
Co
Corp class B common
Low
High
49% Jan
4% Jun
12% Feb
Sterling
Brewers
Inc common.:
Stewart
Warner
Corp
25%
110
22% Apr
30% Jan
Sundstrand
Standard
133% Jan
4
Jan
&
15%
11%
100
100
13% Feb
11% May
15% July
14
Feb
Union
31%
30%
31%
595
28% May
39% Jan
United
1
—
4%
12%
24%
4%
12%
24%
100
100
900
3% May
11
May
19% Jan
6% Jan
15
Jan
,24% July
of
511
18%
Jun
24
39%
233
36
Apr
47
%
100
63%
Machine
Co
U
S
S
7 %
Carbide
Air
Steel
&
Co
Transp
Feb
1%
50
1%
Jun
1%
Jan
50
14%
Jan
17V»
Feb
57Va
Jan
16
55%
284
—1
4%
4 Va
1,000
11
IT
26%
11
26%
2%
3
4
Feb
5
May
10 Va
50
,
Jun
13%
Apr
23V4
50
165
-
43% May
Jun
33%
Apr
2%
Apr
41/4
Jan
25%
421/4
50
41
Jun
52
Jan
24%
25%
550
20
Apr
27
Jan
1%
42%
1%
200
1
Feb
1% May
Mar
6% Juiy
42 y4
6%
6%
15%
150
19
Jan
21%
22'/4
2,050
25
Jan
23%
24
325
19% Mar
24'%
Jan
35%
3 7 Va
196
30'/4
Apr
39
Feb
9%
9%
150
Jan
10
Eeb
9Va
9 >/a
5
8% Mar
9
% July
68%
69%
366
54 Va
54%
20
11%
121/4
255
49%
capital
capital
common
cumulative
146%
15%
common.
Lines
Apr
Jun
1%
25
-15
21%
237/s
——-——25
Carbon
56
140
54%
(The)
Gypsum
50
30
16
common————25
Transcont & Western Air Lines——5
U
Jan
64%
common—5
capital—.
capital
70
June
750
capital
Corp
Co
Feb
Jan
%
Apr
.1
5
common
Tool
%
141% 141%
.5
capital—25
Indiana
International
Swift
15%
11%
26
Oil
July
1% May
Jan
1%
20%
39%
%
capital.
37% May
4
Apr
10% Jan
%
150
1%
20%
—-*
*
.5
Spiegel Inc common
i
—._—2
St Louis National Stockyards capital—0
Va
7% July
150
8
>•
i;-':
—100
:
.....
Signode Steel Strap common.
11%
24%
*
150
4%
6%
1
Cylinder
Roebuck
Trane
—5
11%,. Jan
Apr
5% July
100
5%
13%
21
—
&
Raytheon Manufacturing 6% pfd
Texas
—5
8
6%
64%
Apr
—
Feb
4
16
'—
0
3% Feb
4% Jan
*
10
5% May
3% Mar
.9V4
9'/a
16
39%
2V4 July
2% Jun
3%
4
Mar
2'/a May
May
Range Since January 1
Jan
July
4
50
13%
~4%
6Ve:< prior hen
South Bend Lathe Works
20
3v4
.1,100
5%
Peabody Coal Co common—
5
Pennsylvania RR capital
—50
Peoples Gas Light & Coke capital__100
Potter Co (The) common
—1
Serrick
102% Apr
2% Jun
7% Mar
4%
21
—5
—0
Nunn-Bush Shoe common————2%
50
1,250
3
Feb
5% May
9%
—.—.5
10
50
200
26
'
,4%
—7
preferred^—
45%
4%
11
26
Mar
51%
Northern Illinois Corp common
Sears
High
518
160
tain
25
Apr
78
.
35% Mar
for Week
1,187
8
Jun;
10 %
5 % May
50
,
11%
Feb
18 %
200"
7
21
Jan
14%'
Apr
Jan
10 Va
v
640
45%
4%
10%
114% 115%
2%
3
13
50
14
30
Apr
49%
Inc, capital.—5
North American Car common
20
Jan
Sales
Shares
8%
preferred.—:
Utah Radio Products common
9%
0
20
5
——*
.100
1
__
49 3/'8
5
12% May
20%
8
58 Va
41
7%
Apr
Apr
1,650
257
50
1V4
74%
Jan
54% July
Apr
12'AVuly
107%
1%
1%
.
May
44% May
Jun
51%
109% 110%
Jan
1
12% July
21 % May
70
375
9%
6%
,
Noblitt-Sparks Ind,
5
244.
950
Jan
214
3%
—
common
14%
65%
National Pressure
2%
3
26
commons.
see
115%
-—-4
—
common..,
Corp
18% Juiy
;
Jan
10
>
;
'
Week's.
Low
—0
Co.—*
Laughlin Inc common—.
Jan
Liquidating Co common A——0
Nabco
Jan
Mar
capital
—
11 Va
-■
64%
25%
Corp
464
14
Jan
18
;; >24%
1
Manufacturing Co common
Berghoff Brewing
18%
9%
Feb
(Delaware; —
Bastian-Blessing
Belden
39% July
"
Jan
"
Trust Wheel capital
Athey
Jan
Jan
48%
vtc
Common
Jan
46c
/
common
40%
29%
Feb
43%
common
Co
24%. Apr
1,890
0
—
Corp
Jan
37% May
common.;
Tel
127
39%
common..—0
common
J an
43
Mfg Co
&
Feb
32%
26
39
16% ,Feb
74 - ' Jan
Mfg class A—
13
43
■
7% July
13%
/
—
3
43
26c
Jan
15%
2%
Northwest
*-
-
17%
0
;
Jan
13% May
—100
capital—
United conv pfd "A"„
West
Northwest
.
5
*
1,000
Swift
Tel
100
3%
Jan
1
37%
250
3
62% July
Par
American
7% ''
7%
3%
49
—1
Jan
3%. July
Jan
28% May
20
Mickleberry's Food Prod common
50% Mar
common.
Gas Co
2V'4
•
0
common
9% .Jan
12 % Mar
Jan-
—
7%
conv._0
—
9%
23%
23 %
—0
D
7% Juiy
400
2%
751
Last
Oil &
26%
Apr
; 3%
_._1
—15
—
J
2%
528
Friday
Laboratories
11%.
26%
11
20
7%
11.
common——.2
common
101%
May
12c
22
63
;
Jan
16%
•
2%
56%
29c
|
104 %
40
•
"■
62"%
26c
Jan
13 y4 Mar
common
Field
60%
-25
Jan
12%
84 Va May
capital
Apr
80
100
,
"Jan
9% May
350
Middle
:
19%
14
Feb
Chicago Stock Exchange
Chalmers
200
Apr
Apr
50
common——
McCord Rad &
Feb
July 11 to July 17 both inclusive, compiled from official sales lists
Allied
10%
14%
Sangamo Electric Co common
Adams
15%
255
-
Jan
Feb
.
Allis
25
12'/«
Jan
90
Rubber common—0
Co
Co
Preferred
Laboratories
18
i
13'%
14%
& Dock common
Quaker Oats Co
Abbott
July
Liquid Carbonic common ...—_——13%
July
55'/«
''•••
9
STOCKS—
11 %
Lindsay Light & Chemical common—0
7'/a May
25
12% July
355
26
31
26
......—
;
10
4% July
Jan
61%
l.
Co
12%
90
Libby McNeill & Libby common
55%
—
Inc
System
7% May
90
common——10
Corp
Tube &
»
_
_
Holding Corp.—
(S
Warren
preferred
Jan
10%
2%
Harvester
B)
—.25
Corp
6%
4%
10
Northern Paper Mills common
Co..
United Shoe Machinery
67*
8%
5
•
United
-
*
(The)—L-
Co
'
._r—
Twist Drill Co
Union
*
*
Webster—
4% May
230
11%
common.........*
National Standard
Stone
1,329
7%
11
National
Machine..L_.
Hole
>
16%
20%
Feb
5%
21
Feb
Jan
%
80
13c
Jan
1% Mar
10
.!
RR
Miller & Hart,
13c
'
23%
Apr
% May
18
«
;
4.—
common
Central
Jan
Jan
13
525
<
12%
^20
com
12 %
(W
2
133
Ui
Jun
63% Jtily
3% Jan
5
50
25
Jarvis
Jan
4% Mar
288
36c
—50
—•—
-
Feb
32%
20% May
-U'4 85
,87,
17fl
32c
—
-
RR
250
*
11%
.
Jan
Jun
'
5%
Indianapolis Pwr & Lt common—0
Jan
Apr
Jan
45
7
*
Stores
Montgomery Ward
Association
Shawmut
"V
»
'
•'<
■Independent Pneumatic Tool s t c_—— v
Jan
2%
65
35
:::'■
100
Mills
Button
Jan
7
23.64 July
1%
1,500
13
85%
2.50
Colony RR
Reece
17 Va
Hubbell Harvey Inc common——^5
Jan
12
5
1%
July
190
1
34%
preferred. —100
—
Pacific
2,900
8V4
Merchants & Manufact class A com—1
—100.
England Tel & Tel
100
York, N H & Hartford RR-
Pennsylvania
2%
31% May
228
13%
Jan
50
10
Marshall
13%
North Butte Mining——...
Old
99c
"'M'
—
July
110
640
Bartlett
Hibb S»encer
81%
3,100
>
96
2%
Printing Co common——
Hall
Feb
1 %
-
40
7
,
July
63%
14%
Jan
18 Va May
150
25
Feb
61
% May
2%
0
Lynch
——!
Theatres
Linotype
Mergenthaler
6%
24%
6%
—
Maine Central RR 5%
New
120'
-
4%
4
Association-
Royale Copper
New
-
33
May
1
Lincoln Printing $3.50
common
Group
Loews Boston
:•
4%
•
SS
Employers
&
Denver
Goodyear Tire &
Jan
1.80
41
65
22
common
6%
—
Apr
47
20
common.....
Motors
% May
237
"
;
28
50
%
Connell
General
Jan
20
86'/a
22
Street Ry
6 7'
Isle
-
44%
20%
com..*
—.
"
Jan
100
62%
common..———1
Fairbanks Morse
3
Feb
10c
100
100
4%% prior preferred—
$'/c preferred
Mass
Inc.,
Eversharp,
8%
Jun
4%
110
1.80.
1.80
_.10
.
—
Eastern Gas & Fuel Association
Eastern
"*
2,500
5
.——25
Motor
International
•
Eastern
T
Jan
10
20.80 May
150 ~
4%
4%
4%
r.—
Co
23.64
22.54
—1 /:
Trust
Copper. Range.
1%
30%
61
'19%
Elgin National Watch Co
Illinois
5 Va
10
6%
6%
—5 '
Calumet & Hecla—
Jan
100
Jun
Jan
16
69
18%
Jun
__10
common..:
Drug
Fitz
Apr
8%
50
,
.
15%
200
preferred
Great Lakes Dr
May
28
50
•
Houdaille-Hershey
100
,
17%
—^—30
Gardner
•14%
Jan
1%
Trust———-*
Boston &• Providence RR—
Feb
%
—
Feb
91
•
10% Mar//
240
6V2
i
100
class A 1st pfd stamped——100
prior preferred
I'/p
1,103
12% :•//
100
Packing—
24%
Apr
42%
57%
May
340
RR—
Maine
&
■
23%
56
.
71
«
11%
Corp
Steel
59
Jun
83 '
22%
12%
?'?
♦
Herald-Traveler.
.
81%
22 %.
25
100
Jan
130
80
19%
Corp of America
Jan
134%
Apr
420
Jun
3
2% July
166
"
": 82
100
43
Apr
96
High
Low
3
"
July
11%
Dodge Manufacturing Corp common...0
Range Since January 1
High
114% 115%
115%
100
Tel.
&
3
27
96
•
preferred part shares—
c
Diamond
Shares
i\ .Apr
tSr Feb
.
100
—1
Deere & Co common..
for Week
Par
V,, Mar.
300
common.-..—25
Eastern Airlines Inc
Range
of Prices
300
*
~
%
Consumers Co—
Sales
Week's
Last
Sale Price
Feb
Jan
,70
,28%
1
30%
common
■■■:
7%
■■
6%
Apr
30%
,1
..5
„_
Edison
Biscuit
Cunningham
STOCKS-
Mar
61
—_.l
commoil....
-
•
Common
11 to July 17 both inclusive, compiled from official sales
13
Jan
41%
17%
pfd—
conv
Co
Service
Cudahy
> July
5%
190
79
79*%
*,
—.t
common
Crane Co common
//Boston Stock
jV
%
28%
•
Chrysler Corp common*
Container
15
,.10% July
Jan
2,970
Jun
2
t
Jan
10
50
54%
i\
»'
.
Chicago Yellow Cab capital——1.
27% May
L.
7%
300
'
Georgia & Ala Ry 1st cons 5s-——1945
Airlines RR 4'/—•——-1950
1,050
,
6
5%
53
0
common
preferred
Consolidated
Seaboard
11%
50c
com
0
Chicago Flexible Shaft
»May
55 %
10%
5%
...
Commonwealth
Bonds—
48
10%
11%
53 %
Prior lien preferred..
Cities
48
10%
1 % Mar.
19% Jun
16% Mar
110
99% 100
25% %)
'
120
19%
,19
—
100
Phillips Packing Co 5V4%
High
1
1%
*
com—
Util
Preferred
Chicago Towel Co
New
1%
10
pfd
Chicago Corp common—
Oil
Houston
Monon
Lojo
'
Jun
120
8 Me July
8%
20
8%
class B__.—._5
America
116
Serv $6
Central Illinois-Sec
July
3.50
177
4%
;f
Fidelity & Deposit.
Illinois Tub
40
30c
11
50c
50 «/4
Jr
11%
:
common..———5
322
!-50c
3.90
1%
_.l
——
Range Since January 1
.
preferred—
(E L)
Shares
High
r
„
Brothers
Butler
Central
.
Low
.
i
A
Bruce Co
for Week
Jan
„
-
*
c
High
141/4
«•
:
——100
& Power..0
c
Low
...V:
.
:*
;
!•> j,
•
■
-
,
Range Since January 1
*
•.
Sales
Range
of Prices
Par
"..Common
of Prices
Last.1
'■
Last
■
Sale Price
;
,»
Brown Fence
■
Week's
V Friday
•
(
STOCKS—
'
.
♦
'
-7
1
♦*
.
)
55%
Jan
119%
Jan
1% July
:
THE COMMERCIAL & FINANCIAL CHRONICLE
240
Monday, July 20, 1942
OTHER STOCK EXCHANGES
common..,.-..*—.—*'
Co capital.—.
—1
Co
Walgreen
Wayne Pump
common—50
Stores
Wrigley
Zenith
71%
V
71%
23% Jan
26% May
63%
155
45
16
81%
(Wm Jr) Co capital--——*
Radio Corp common
*
Apr
8% Mar
Jan
53%
40
14
14%
700
14%
Members
Jan
Apr
5
160
--
Watling, Lerchen fit Co.
Jan
6%
62%
250
5
Jan
July
July
5'A
52
5
*
common
24%
15% May
Jan
100
18 V2
11%
505
16
24%
—
Westinghouse Elec & Mfg
17%
16
—
High
Low
High
17
17%
16
■
Telegraph common—100
Western Union
Wieboldt
Low
Range Since January I
Shares
of Prices
Far
.
for Week
Range
Last
.
Sales
Week's
Friday
Sale Price
STOCKS—
New York Stock
Detroit Stock
Exchange!
New York Curb Associate
Exchange-
Chicago Stock Exchange
14% July
Ford Building
\
DETROIT
Unlisted Stocks-
St San com—.—*
Anaconda Copper Mining—
50
Atchison Topeka & Santa Fe com—-100
American Radiator &
Electric Co—
Interlake Iron Corp common—
(Glenn L)
-Martin
Nash-Kelvinator
55%
285
50
May
67
6%
20
5%
Jun
9
27%
1,068
21%
Apr
6%-
6%
200
5%
Jun
19%
19%
50
5%
5%
1,020
3%
Jan
8%
9
610
6%
Jun
26%
27%
—,
--
—5
—•
Corp.
;New York Central
RR capital
—
15%
22%
common————*
Republic Steel Corp
Standard Brands common—————*
Standard Oil of New Jersey capital__25
,
7.
:
3%
15%
'
Jan
7%
Detroit Stock
Jan
Jan
Jan
26
5%
Apr
7%
Last
37%
38%
Burry Biscuit common
Jan
219
31.
42%
Jan
5%
Apr
4
Apr
Jan
Motors,
>
4%
4%
18%
19%
252
13% Mar
11%
--
12
600
10% May
Detroit
&
Detroit
19% July
13 V* Jan
Edison
common—10
Nav
Week's
Range
—
Lamp
Hoskins
High
6
6
.
•
^
1%
.
-
73%
73%
Low
v
4
50
—20
83
83-
.
&
Feb
2% May
3%
Jan
Jan
iVa
Mar
Apr
1% Mar
18%
Jan
3%
62
63
640
1%
400
1,700
1%
1%
Founders Investment
Gibson Art
.
>.>:7%*
-4%
400
70c
4%
"v y." ^
7%
40
100
6
8%
Mid-West Abrasive
8% V
Jun
..
,
230
ist preferred—
Kroger,
—
»
;:J,;
1%
95
Jan
Parke,
Jan
8
Feb
Prudential investment common-,—
59% May
77
38
1%
39
Jan
common
Sheller
July
U. S.
_
—
v
125
6%
Manufacturing
——
1%
Jan
Tlvoli Brewing common
36
17
Feb
21
24%
48
July
_
98
July
25
—
V
1%
650
90c
&
::
i
5%
720
4%
Apr
275
2
Jan
265-
25%
1%
11%
259
2%
2%
1,100
1%
1%
—Ill
22% Apr
899
78c
29%
100
20
354
42% Feb
52
27%
27%
96
25%
.
;4%
Apr
25
2Va May
4
40'
4% Mar
5%
Jan
9% May
Jan
10%
83
10%
50
12
1%
220
1
J-.;:
!
39%
125
30
Jan
3'/a
■:
■*
Y-
'■
'yv,'1-'.
i
Brass
Manufacturing—
> V
\
Jan
Petroleum
Inc
Accessories
3%
300
2%
Jan
1%
Jan
2%
"
Jan
3%
Apr
Feb
►•5 rs
'•>•
7
fi¬
50c
—
—1
Co.—:
California
2.65
pfd————50
;
1
of Prices
50-;
High
4
4
7%
—'
*
10%
.
95
7
58
Low
.
:
4
100
10%
318
;
'
2%
V
.
8%
Feb
*
98
Apr
*
>
*•"'"•
Exeter Oil Co
Corp
•—.5
commons
Finance
12
————l
^Commercial Bookbinding
'
—
7%
—————*
r
7
'
'12%....-.
.7%
10
Jun
125
€
Mar
8
'20
6
Mar
Goodyear Tire & Rubber Co-w-——^*
7% July
30
7%
110
■
preferred—100
Electric Controller
112
—
—L7—;i7>————7>i>'
Faultless Rubber
;
112
45
45v.
u>7;14 7;
.11
.
14
.
-
-
Apr
J»'."
:
„———;—
Hanna, M A. $5
cum
100
al8
__
7
"
preferred.——i*
•
al7% al7%
.
99
a99
Harbauer Co.———4-
.28'";-—>
al»%
.
■
..
Interlake
Steamship——i—i.—,* \ 33%
& Laughlin—
i.——:
Kelly Island Lime & Tr———:
*'>7 10
al00%
4
-
14
.
33%
•
25
1
10
National Tile
1%
39%
—.
,
——*
_—
♦
—
39%
.%
210
6%
Thompson Products,Inc_—.
Upson-Walton
1
Iron
Refining
Weinberger Drug Stores
—
:
4
Feb
•
6%
*
White Motor
——50
'
2-
.,;
<'40
Jan
Pacific
12
Jan
Rice
■
2% Jan
43
Apr
Jun
'—1—ll-
'
7%
Lighting
Electric common————
Co common.
—
———*
Industrial Rayon common.
NY Central RR common-.
*'
—
•
•
.
9%
29%
May
~5%_Jan
7
Jan
11
2
July
8%
Mar
Apr
Republic Steel, commoni-——--
■■
:
:
14%
•«■.
22% May
35
8%
1514
17%" Apr
6%
150
'4%
2.45 Mar
15c
600
10c
39%
431
31%
18%
275
24%
352
"
7%
:
—
80
7% July
426
.
Apr
3%
Feb
-
May
Jan
6%
Jail
20c
Feb-
" ;
6% Mar
500
'
17% Jan
;
'
3%
17
May
Feb
39% July
8'A Apr
17% Jun
24% July
•
4% Mar
3% Mar
40
10c
20c
17%
7%
17%
„v..K,.
'•
1,000
'
4c
800
18c
Mar
135
lOc
Feb
15% May-
467
6
1.05'
1,075
500'
1.10
29c
29c
19%
19%
36%
: *
.
25c
Jan
Jan
7% July
Jun
16
July
35c
23
Apr
Apr
1.00 May
——--——25
Corp
—10
—
-
com———*
495
28%
62
,300
-
1.90 Jan
40c"
Jan
19%
-
27%
'
16c
25% Mar
33% May
22% Apr
:
16c
Corp—-——-———*
Shell
Union
Aircraft
.
Sontag
Drug Stores
al3
,1.000
122
2
2
7%
3%
Jan
28% Jun
38% Jan
30% Jan
'
525
35.
14
40
35%
24%
13
—
3%
6%
preferred B—5%% preferred class C—
25
„25
South California Gas Co 6% pfd A—25
28
26
29%
27% July
Co
Standard
•.
„
12%
22V2
809
.421
35V2
400
12%
*
Pacific
Oil Co
of California—
-
.
Superior Oil Co (The)——————25
2% Jun
426
570
100
22
22
—
35
.
..
13V* July
>113
.
"2
~~~~
~9%~Jah
17
Transamerica
Corp—————_—-2
Transcontinental & Western Air,
Feb
Union
^
Vultee Aircraft Inc—
Oil, of
California
—
—;
*
;
-5
25 *
—1
:'4.%; -4%
4%
15
a9Vij
9%
11%
11%
11%
a7%
.7%
10
a7%
■
5% Feb
•
28V4 Jan
26% Jan
30
July
10% Jun
18% Apr
13% Feb
22% Feb
28
1,620
.
Jun
Jan
Jan
Feb
20% Jan
Apr
24% Mar
23
Feb
25% Mar
35% July
Mar
737
4.
.14 .—
—
27
14%
24
2%
10% May
14
Jun
1% Jun
2,647
277/«
25%
29%
—
—
24% Jan
118
18%
•
33c May
8% Jan
5% Feb
——
—
320
2
3%
r
■
100
15%
18%
'
California Edison Co Ltd—25
15c July
6% Apr
3
May
400
.
15%
„
-1
CO—
__
~
'
Southern
3.%
a35%
24%
_i
.
7%
"'
3%
/
J——15
;
—
" '
inc'—.
Oil Corp—
16c'
10
24%
•■■.J.-
V, 8 .Steel common—• 49%- 50%,,
For footnotes see page 244.
50
—14%
—
-i—^*:
150
300
a20c
'
«.i,
—
Signal Oil & Gas Co class A——*
Mar
l%Mar
Oil
Safeway Stores,
Jan
6
„
...i
27%
18%
3%
a28
" '• "36:.
_1
' 1 a26%
V
Security Co Units of Ben Int———
Jan
25
—
Jan
Mar
4% May
a3%
'
29c
Co—--1J
Ranch Oil
Solar
145
-
General
"
.1.05
Electric common—-—25
Southern
Glidden
•—
..
Ryan Aeronautical Co——1
% Feb
May
~4%
<
50
al3% al3%
—
do
1st preferred
6%
July
21% July
158
2
Mfg
Pacific Gas &
% Jan
6
200
.
6
20
460
Jan
.Jun
.
13
4%
7%
•
Investment Co.————10
Pacific Indemnity Co—
•
Feb
36
>
790
-7%
—
7%
—2
—.—
>
al9% al9%
.
Works———
23%
July
24
—
.
Oceanic Oil Co———1————— J
-
1% May
19
23
—
Corp————1
183%
>3%;Aprv7;
9
94
%
23
Aircraft
Los Angeles
;
Bros
62
19
.
J-
33%-July
:
400
6%
_j
—j-j—;
12%
Jan
99
735
1%
Jun
alT%
'
;
—10c-
Co
Petroleum
•Lockheed
Richfield
Refining new———•
preferred 6%_
_•
Jan
Jun
5%
Corp——10c
wv.l—
.u»
98% Jun
50
.
a20% a20%
10
'
180
4
33%
Jones
50
—
:
Cp_————:—'*
Intercoast Petroleum
Menasco
Goodrich, B F
—
%
8
46%
,39%
• 7%
al8%
?
Co A common————*
Oil
Hudson Motor Car
Mar
Jun
11% Jan
30 ;
115
53
Jan-
45
•
62%c Jan
Jan
Lincoln
Dow Chemical
—
17
125
220 '
al5c
:
common———10- •
'
Gladding McBean & Co
a' '''r"
14% Jan
439.
7
"A" common——1
■
42c July
325'
6%
6%
2.70 Feb
•
—
% July
80
9%
—
18%
3V4
General- Motors Corp
Feb
v
•
•
1.85 Jaft
-
July
3
"
'
_
18%
■
—
4
v
High
•
Jun
5%
18%
-
•
63%.
9%
„
Corp preferred—41*
America——4—y—l
45c
a62%
.
2.20 May
200
'
a*
'
20
%
a 18%
a63%
1.40
* 400
26%
42c
•>.
74% Mar
July
'
••
10% July
Jan
2% Jan
55
7
600
8%
2.65
—
-5
Electrical Products Corp-—
Apr
.
93 ™
15
202
...
58%
4%
7% July
•'
common—?
Low
400'
'
- y4
42c
•
■
>.i'
Range Since January 1
- *
a26%
__
:
-
1.40
2.60
■<-
.
T';":N;L,;
Shares
High
1.40
a26%
'
Steel
of
High
.
July
t
95f
.
2%
'
58%
Consolidated
Range Since January X
.
200
'
'.v'.•••V'
>.
'
Co—————-1
Chrysler
Corp——————1
Consolidated Oil Corp
Creameries
Low
'7>
Shares
Packing Corp
Cessna Aircraft
•'
Sales
for Week
:
of Prices
Low-
:
:Balsa.. Chica Oil common—————1
Hancock
Unlisted—•
1> i"
Feb
1%
925
Week's
Range
Sale Price
Par
Sales
for Week >77. -7.
Week's
'Range;
•
Cleveland Builders Realty——:
Cleveland Cliffs Iron preferred-*
Warren
Apr
-
'2
'*
STOCKS—
39% July
3% July
3% July
135
3 %
7%
-
City Ice & FueL-i_—
—*•
Preferred
-I.—U-—.AOO'"-
Van Dorn
1%
■.:[
••
Friday
Aircraft
Last
Sale Price
.
Apex Electric Manufacturing—
-
1% Mar
7 65c
"100
3%
Feb
1%
July
39%
.
Richman
2% Mar
Jan
July 11 to July 17 both inclusive, compiled from official sales fists
Jan
10%
9%
1%
Par
Prior
2%
1%
1%
^ast
39%
STOCKS—
Packer Corp
Feb
July
1%
V
Jan
15%
Los Angeles Stock Exchange
>•
10%
————
——
v'"
■
10%
10%
</
'•V
Friday
National
2
Jan
1%
Jan
4%
July 11 to July 17 both/inclusive, compiled from official sales lists
Preferred
100
27
Feb
Cleveland Stock Exchange
■
78c
"
.Jan
4
4
'
23 %
Apr'
Barker Bros Corp 5%^
"
Jan
30% Mar
10
Motors--—
Colonial
Jan
2%
11% July
'
240"':
2%
:'>C
—
Wayne Screw Prod common——
Jan
Bandini
Cliffs
78 c
■
Berkey & Gay Furniture Co
.•
5%
•
19% -Apr
1% Jun
200
11%
—10
1%
.
"
49%
.25
Fuel——
Standard Brands
Akron
2% May
1% Jan
July
2%
24
V/*~
'
Aircraft common.-—i—
Warner
102% Mar
20%
•
Columbia Gas
General
Jan
85c
•
American Rolling Mill-;———.
Ice
.
47%
Unlisted—'
City
Jan
1%
300
2%
——
Union Investment Common
Jun
20%
10
——
Jan
23c
Apr
49%
——
A——
60c
Mar
77* 1% Apr
5%
common—-
8%
Jun
40
10
20%
n
Printing——
Feb
Feb
45c
"16C
—
Standard Tube B common
26%
_
Playing Card--
S.
Wurlitzer
Jan
Feb
900
85c
24%
Feb
*
__
10%
65C
1
200
l3/»
Davis common—
3%
Jan
_<t
Gamble
&
Procter
Jun
Jan
>■:, '
26%
^
625
18c
5%'
July
5%
22
100
Feb
4% July
Jan
30C
48c
#
83
25%
—————-
Lunkenheimer L—
U.
98
—100
Feb
Feb
3% Jan
.
•
Kaihn
2
3%
99c
Feb-
8%
100
45c
Jun
3%
100
43c
50
common
Packard Motor Car
87
7%
1%
16 c
18
Michigan Die Casting common—
July
Jan
1%
40
24Y4
24%
—————
July
2% July
2% May
: 60c May
1,300
4%
45c
1
common—
86%
153 >
'
.—
40c
15
200
2%
65c
---
—————I—
preferred
Eagle-Picher
78c
,
1,602
2
2%
2%
1
Oil
Mar
39
39
*
—.
1%
16
:• i%
86
63
1%
1
Mfg common——
70
435
7%
7
*
Dayton & Michigan guaranteed—
1%
65c
Manufacturing, common. -2%
Scotten-Dillon common'.
Dow Drug —
Feb
1%
"•
-
McClanahan
High
Jun
1%
8
84
7%
—50
Cincinnati Telephone—™
Apr
1%
common-
101
74
—50
15c
60c
;
Range Since January 1
.■■
1%
—100
Street—
200
16
Murray Corp common—
Cincinnati
Jun
8% July
"
Kingston Products common.
Kinsel Drug common
Shares
•
wi:
& El preferred
Cincinnati N. O. & T. P.—r
6% Mar
200
1
1
Hurd Lock
for Week
Low
Par
Churngold
Apr
18%
30c
3%
.20
common-
3
Hall
Sales
of Prices
Last
Sale Price
Cincinnati Gas
4
Jan
85c
1%
—«
Stove
Brewing common- -U-l
compiled from official sales lists
Friday
**<•*
492
*3%
common
Detroit-Michigan
Cincinnati Slock Exchange
July 11 to July 17 both inclusive,
.'
8%
High
Feb
30c
1
Gar Wood Industries common
Industries^—
8%
3
15%
85c
common
Cleveland
Frankenmuth
Aluminum
110
260
«
Graham-Paige common
STOCKS—
Low
3%
18%
'
■
.
Range Since January 1
High
3%
Consumers Steel, common—
Continental
Shares
18 3A
183A
,
12%c
Jan
5
.
250
common.
19
Apr
Low
1
common—
Manufacturing,
Burroughs Adding Machine——.
3% July
Jan
2%
Baldwin Rubber
Briggs
13% May
330
3%
Par
Jan
Sales
for Week
Range
of Prices
Feb
10%
Apr
2%
357
26%
Week's
Friday
Sale Price
15% July
Apr
Exchange
July 11 to July 17 both inclusive, compiled from official sales lists
Jan
10
207/a July
1,610
14%
18 %
———10
Yellow Truck & Coach class B—
1
460
3%
—
TJ S Rubber Co common
>11%
260
3%
—
—1
•Studebaker Corp common
9
,
3%
14%
America common——*
Radio Corp of
Telephone: Randolph 5530
Jan
28%
17% May
260'
24%
•
15%
9%
J.¬
—1
Pullman Inc
Pure
>
STOCKS—
capital—-Oil Co (The) common,-——*
•Paramount Pictures common
Jan
40'A July
6%
1
common
28%
22% May
Jan
40%
53%
--
*
—.*
:
Jan
27%
640
27
39%
,
Curtiss-Wright——1
General
4%
Apr
265
26
>r
■
Corp common———*
Bethlehem Steel
3%
375
4%
4%
__
;
10
7
4% July
Jan
.
,
,
.
Apr
May
w
13% Jan
10'A Mar
241
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4091
Volume 156.
OTHER STOCK EXCHANGES
Last
'■
:"
■
of Prices
Range Since January 1
Shares
High
Low
High
Low
St. Louis Listed and Unlisted Securities
for Week
Range
,
Par
r....
Sales
Week's
Friday
Sale Price
STOCKS-
Mining Stocks2VB
Alaska Juneau Gold Mining Co——10
Cardinal Gold Mining Co——_l
2c
3.100
Apr
2%
2c
Edward D. Jones & Co.
Jun
Jun
Jun
Established
Amer Radiator & Standard San
Anaconda Copper Mining Co
'150
641
103
"Apr
i
Members
.
26 Va
26%
422
24
39%
145
29
Jan
*/s
2%
33
3
a3
a30%
Steel
-——5
Corp————u—*
a55%
55%
Electric-——-A-——*
1%
l'A
July
60 Vz
1%
Bell Teletype SL 593
New York Curb Exchange Associate
Feb
1 Va May
.
CEntral 7600
Postal Long Distance
Associate Member Chicago Mercantile Exchange
4% Jan
v.
55
Jan
100
Corp.
Jun
Phone
; St, Louis Stock Exchange
Chicago Stock Exeh.
Chicago Board of Trade
July
39 Va
28
Columbia Gas &
Bethlehem
37
39% Jan
78
31%
New York Stock Exchange.
129% Mar
28% Jan
May
a38%
26
50
Atchison, Topeka & Santa Fe Ry—.100
Atlantic Refining Co (The)
—25
Aviation
4%
39%
Jan
4%
4Va Jan
45
a4%
a39%
"115%'115%
a4%
Corp—*
Amer Smelting & Refining Co——-*
American Tel Si Tel Co_,
—
—100
1923
705 Olive St.. ST. LOUIS
Stocks—
Unlisted
Bendix
1%
2c
100
2Ve
2c
2C
Jan
'
General
Apr
23
July
Jun
9
Jan
6
100
493
22%
Apr
28 Va
105
24%
Apr
28%
Friday
Jun
Goodrich (B F) Co—8
a 18%
18%
a26%
26%
13% Mar
20
,
17%
27%
■
Brown
Kennecott
North
Co—,
American
Ohio Oil Co
60
26% May
34'A Feb
30%
80
25% Mar
8%
8"%
745
a7V»
—
VA
Emerson
Jun
7Va
21
Jun
lOVa Jan
a2 %
Packard Motor Car Co
,50
'<•
100
72
6%
73
5
-15
*
Standard - Brands, Inc—*—,——
(New Jersey)-;— -25
1
Studebaker Corp
—
Standard Oil Co
—
®, >
3%
•<■£ ;■:*
a38%
v
—5
United 'Aircraft Corp—
U
S
Rubber Co—
-
_ __
a68%
26%
al8%
26%
z J—— ,ao
-r
5
Jan
National
Jan
Rice-Stix
50%
U S Steel-Corp—
40 Va
Mar
34%
26% July,
50
16%
;lnc—_—
Westinghouse.Electric &. Mfg——
Willyg-Over land Motors, .InC——
.50
a70%
71%
215
al%
1%
20
5%
1% Mar
Jan
32'A
10
32
11%
20
14%
12%
13'A
12
10%
SV2
50
:,••■•:7
.—1941
78
-
•;•.*f..
.
Aircraft
Philadelphia Slock Exchange
Alaska
V -Last
y
■
:
*
for Week
Range
Low
'/'--'■IV-1'
_50c
Accessories
Gold Min——— —16
Juneau
& Tel—100
115%
Budd (E G) Manufacturing common—*
Chrysler Corp—————————,—5
Curtis Publishing Co common———-*•
Prior
& Hardart
Horn & Hardart
<N Yi
Apr
2 % May
134%
Jan
3%
Jan
458
101%
2%
2%
62%
265
63 Va
13%
13%
V
.150
%
Feb
63% July
% Jan
52
M2»A
Jun
18%
44 Va
105
Jan
Corp—,v*- —1
Jan
Sugar common
Jan
40
50
40
22 Ve
33%
297/a
21%
Apr
37
31%
39
22 Va
common—*
.—
'IZ20
May
6
July
24% Mar
77% July
85% Mar
$4,000
California
1.30
■''
"
L40
LOW
9c
200
High
360
6% Apr
5% Juri
100
85c
120
10
100
2% \v?.
-2% :
rio
14% July
18%
709
2 Va Mar
16% Mar
36
36
280
30
Apr
1.05
80C
Apr
%
'
——
!
100
2'A
Feb
—
*—-—'*
10
1%
214
45%
Jan
62 % July
184
18
Apr
21'A
Jan
3%
Jun
11%
Jan
3%
3% .v
10%
'*
315
10%
861
80%
,
Dorado Oil Works
::ioo
Giorgio Fruit Corp preferred--
El
Feb
Electrical Products Corp..
81
181
22
22%
2.50 Mar
Mar
10
2%
3
l'/a
1%
r;
3%
20%
20%
18%
1,055
76% Mar
15%
6'/a
-——-
6Ve
—4
6 '/a
6'A :
■■■■'.'
12
100
5%
32%
32%
.20
15%
July
Jun
51
15%
6%
15%
32
50
33%
Mar
12
83
July
May
Apr
Apr
Jan
Fireman's Fund Ins
common..—... .25
91%
91%
45
39%
39%
368
31%
Jan
Jun
General Motors Corp common—.— .10
General Paint Corp common——
100
3V2
Apr
24%
Jan
200
6
124
8%
Feb
176
31 Vs.
298
29%
Apr
31%
118
11%
Apr
15
Jan
25
24%
Apr
27% Mar
Preferred
(w
w)
-50
-4--
—
4
4
7%
Gladding McBean & Co
Golden State Co, Ltd...
,
7%
10
10
n
'
26 Va
Bros
Hawaiian
Inc
Stores,
Pine
Co
:t4*;
—
11%
11
13%
260
8
Va Mar
46c
46c
200
42c
11%
250
Jun
41 %
20 %
May
22%
Feb
.10
33%
33%
-50
41
41
Apr
36%
Jan
Leslie Salt Co
.10
28
28%
300
24
41
43%
Apr
55%
Jan
LeTourneau
23%
24%.
205
23% Jun
59
20
Jun
35
Jan
Libby McNeil & Libby
Lockheed Aircraft Corp
47 Vo
22
:
3/„
S
Va Mar
32
9
sV Apr
'A May
ft
V4
175
Mar
11%
48
Jun
■W i7(i May
16% Jan
3%
98%
98%
121
92
17%
-
17%
580
5%
Jan
Northern
106%
Jan
O'Connor, Moffatt class AA
Jun
19%
Apr
105% Mar
S100
.
108
Jan
American
Exchange S I
Preferred
Low
Par
5%;
Co,
———'i.
Columbia Gas &-Electric.-—
Blaw-Knox
•5%
Shares
t
-
Range Since January 1
Low
High
5%
92-
-
High
1-
Jun
1%
.
l'A
1,240
2%
2%
100
1%
Jan
1V4
i%*
Electric Products v—i—-,-—^
Fort Pitt Brewing
1.
l'A
100
l'A
Apr
50
/
5% May '
•
Rheem
Ryan
Jan
Aeronautical
—
...
'
1%
16%
For footnotes see page 244.
73 V4
14%
15 Va
274
97
July
53
72
Apr
101
Jan
33
119
Apr
146
Jan
86
88;.
140% 141
.
29%
29%
11%
135
8%
1,034
8%
61%
59
.
27%
7% '■
Jan !
128
.
630
61%
•
11 %
4
31%
Tun
15% Jan
Jan
8% July
Jan
61% July
Apr
11
6%
Jan
11% May
8% Jan
7%
150
3%
200
3% May
2%
100
10% Mar
1,075
13 % July
17% Jan
331
25% Mar
30
12%
630
IOV4 Jun
22%
1,926
3%
J
12%
21%
21%
13
13
Jan
Transamerica Corp..
....
Union Oil Co of California.——.25
23
Apr
30
Jan
Union
14
14
11%
■
—10
2
70c
55%
Mar
14%
50
71
11
.V
30
100
.
417
13%
24%
15%
Jan
Jan
30
24%
71
31
97%
13%
Jun
Jan
Mar
Va Apr
130.
90 '. Mar
30
40c
Jun
22
22
Jan
55c
1%
v."'
Apr
Jan
29% Jan
464
12%
55c
7%
'86
Jan
270
95%. 96. \
140%
20
Apr
26
.
14 .A'. 14
.
9% July,
27%
26
27
Co;_———. ...I
Nat
53
,
Jan
Jan
4% July
24%.Mar
Shell Union Oi! common....*.———15
Super Mold Corp. capital—.*
300
1,262
96
Standard Oil C& of California.———'*
-
28%
Jan
Feb
IV2
28 %-
■
Mar
Jan
8 Va
15%
10
Feb
1%
1,234
410
8%
•7%
19%
11
5%
1%
19%
11
Apr
8%
2.15
1.85
1
Jun
5
25
*
1.35 Feb
common.*——, -*.*;:
Apr
—1
722
1.85
8
4%
—*
8V8
298
6
Pittsburgh Brewing preferredPittsburgh Forgings
Pittsburgh Oil & Gas
Pittsburgh Plate Glass—
Westinghouse Air Brake.
100
9
83
-100
7%
3% May
7% July
7
Apr
9
123
10.
6>A Mar
220
430
—1
340
•
r
585
4%
29%
5 ye
——10
Fireproofing Corp commons—
*
85
5%
1.90 Jan
9%
27
.100
-5%
85
6%
5% Jan
15
9%
'
-100
.
Mountain Fuel. Supply.—
Koppers.Gas & Coke preferred—^-100
Gas-——*
Lone. Star
14%-
Apr
6%
8V':
6%
14%
coni
Jun
1.00 May
28%
,
•6%
Walker Refrac
3%
12%
250
19%
._>■
preferred.!
Manufacturing co._^
Richfield Oil Corp
100
100
1.10
9%
m*
P & T common—— ~21*
Ltd., common——. 2~~*
—4.^.J—... IIoo
7 V< Jan
•
;
6%
1.85
Soundview Pulp Co common—
5
So Cal Gas Co preferred series A...25
Southern Pacific Co———*—1*
Harbison
1.10
8"
25
common.——
4 '"
13%
Apr
5%
Feb
2% July
.
12 Va Apr
R E & R Co.,
Preferred
Rayonier Inc
4
13%
25
——
1%
>
Jan
1.50 Feb
Jan
7%
preferred.
Puget Sound
for Week
Range
of Prices
V-V'.
1.30
6%
Paraffihe Co's common^.-..—.1—
Sales
Week's/
Last
5% Jan
24 Va
4V2
_
.....
Pacific Tel & Tel common
'July 11 to July; 17 both inclusive, compiled from official sales lists
Friday
90c
1.25
Fisheries common
Pacific Public Service 1st
Sale Price
710
27% Jan
Mar
4
Jan
July
31% Feb
15% May
1st preferred—
5 Va f/c ! 1 st
STOCKS—
800
971
.10
'
;
4%
17%
American Oil Cons
Pacific Light Corp common
'$5 dividend
Pittsburgh Stock
4%.
16%
lo
Pacific Coast Aggregates——
Pacific Gas & Electric Co common.. .25
6%
p!
4%
16%
Oliver United Filters "B".
BONDS—
106% 106%
41
Jan
May
-7
Co, Ltd
—1
Magnin & Co., I., common
.5
March Calculating Machine
Menasco Manufacturing Co common. -lv
Jun
15%
37%
-1
—
Magnavox
Pacific
American Tel & Tel 3s_—. —_1956
-I
Inc
Mar
3%
3%
3,299
,
G)
33
Jun
200
•>4
11
f
(R
10
10
Feb
50c
25%
•
•
Jan
Apr
July
13% July
Feb
Jan
73
1
_20
8%
Jan
13%
46c
-i
110
21%
—
6%
13%
llVa
-*'
Ltd.
22 Va
■
Coal.
Jan
39% July
10
32%
'
preferred
Jan
108
Apr
Holly Development ..l.—
Home F & M Ins Co capital—
47
United Gas Improvement common——*
16
Mar
21%
$3 preferred—*—,.
36% Jan
Feb
13
26%
22 Va
7% Mar
Jan
5
12
31%
.50
Jan
Jun
103
12
3%
Apr
88
24 JA
•
113
6V4
12
Ewa Plantation Co capital
12%
Transit Invest Corp common.—— ..25
-25
Preferred
$5
,
Jan
Jan
30%
13
50
3
Jun
127
10
/
141 .,141
.
3%
!
2Va May
762
3%
19%
3»A
/
;
Jan
Apr
2%
Class A participating—-—
Westmoreland
Jan
62%
3%
—
Di
Jan
Tacony-Palmyra Bridge—
■
Jan
21 Va
Langendorf United Bk preferred..;
United Corp
2.00
21 Va
5
Jun
320
.50
-—————
Jan
62%
I-11
27%
Jan
4%
Scott Paper—.—
.Sun
Oil———————————
Tonopah Mining
3
19 V4
41% Jan
■
July
Hale
-50
L.
Jan
Feb
18%
,
July
7% Feb'.
.
1.40 Jun
1.00
Emporium Capwell Co common—*4
3%
4'A
*
voting trust ctfs——1
Pennsylvania RR—-50
Pennsylvania Salt Manufacturing—--50
Philadelphia Electric Power 8% pfd,,25
preferred
9c
8%
.
•
May
36
,:America, Inc, com_
Crown Zellerbach Corp common— —5
116%
.
99% July
162
99% 100
4V4
Pennroad Corp
2nd
2% Jun
Jan
3c
7
J .30
"14'' :'-t
,
*
1% Apr
456
,
1.85 Jan
Jun
150
200
.
14
■
'
7%
7.
'
Range Since January 1
High
9c
7%
a
Creameries of
Shares
18%
Packing Corp common.
Caterpillar Tractor common——Central Eureka Mining Co common—1
Chrysler Corp. common——— —-5
Consolidated Chem Ind class A—
Sales
for Week
2
,k;
77
■
Reading,-RR".'common
1st preferred -i—
7% Jun
Feb
1 .40
77m,
*
.Preferred
31'A
39
28% Apr
675
31%
(Phila) common—-*
Lehigh Coal & Navigation—.
—.
Lehigh Valley RR
National Power & Light—.
Feb
5
■
Electric Storage Battery—
.
*
General 'Motors—10
Horn
Feb
114% 115%
———7~r~r.
preferred
12%
-
62%
American Tel
High
Jan
9%
680
4%
21
'
2
y
Anglo Calif. National Bank— —20
Atlas Imp Diesel Engine——.—5
2
■'Bishop Oil :Co_'_—
Byron Jackson Co—i.-*---—-r?--- —'J*-J'*; -7**7]
Calamba
Low
11%
Va
11
*
.
Feb
Apr
6%, Jan
•
25
140
•
-
•
American Stores-
80
-
'
Range Sinee January 1
Shares
High
17
12
Apr
9% Jan
> 5% July
200
Range
-
Sales
of Prices •/,
Low
11
,
110
of Prices
Par
"•
r
,
Jan
14% May
15% Mar
:.v>-V.
23%
Week's
Sale Price
Anglo American Mining
July 11 to July 17 both inclusive, compiled from official sales lists
Sale Price
12
Stock Exchange
Last
STOCKS-
Apr
July 11 to July 17 both inclusive, compiled from official sales lists
Friday
Friday
'A' Apr
33
V'
,,
0
1
Feb
5
Jun
■
STOCKS-
Week's
80
'V,;;7
■
g
22%
4% July
32
May
"12% -Jun
247
5Va
22%
Apr
July
Apr
12%. Feb
80
335-
12
15
'
4% July
10%
>
5%
1
...
2»A Mar
26
Jan
6
,
.
10%
8
10c
11
14'A
San Francisco
71% Jun
1% Jan
71% Jun
-I
'
100
5% Jan
Apr
May
July
Jan
*
4%May!
240'
BONDS"—
Scullin Steel 3s—
353
11%
1
I
12%
1
common
961
'
Jan
55'A
45% May
385
5% ' 5%
•
-5
"A"
4%
-4%
21 Va -Jun
17% Jun
Jan
"
Warner Bros Pictures
Sterling Aluminum common
Wagner Electric common—
64% Feb
62% Mar
285
St Louis Pub Serv
10c
32 y4
32'A
Bearing Metals common.:
.*
Candy common
u**;'
Dry Goods common—
_*
Jan
100
.
Jan
Mar
8
Jan
4
27 Va
26%
4%
Missouri Portland Cement common__25
Feb
10c
3%
27%
36% July
5
.
4% :
*
common
4%
:
Apr
31
71
Shoe
24%
4% July
'69
50%.
Apr
Mar
—..100
International
National
21
70
27 %
18 Va
Preferred
IOC
Laclede-Christy Clay Products com..*-.*
McQuay-Norris common.—..
Meyer Blanke common—
Midwest Piping & Supply common...*
Feb
-
33
100
4% ::
3% July
8%
.
2%
160
241
36% V
69%"
a36
Corp " (Tfte )—**——T—_— -25
Union Carbide & Carbon Corp—
3%
21%
a21%
Texas
■
-
•4%
4%
100
>
r
38%
•
38
a
-25
Swift &
8
15'/a July
22
Mar
common
Jan
17
Jun
4%
5JA
6% Mar
44
18%
6%
Jan
13%
150
10
6%
17% Mar
110
55%
20%
5%
53%
15Va
a54%
16%
July
Jan
Apr
al4%
a55%
May
7
4%
Brew
Jun
al5%
»
Sears, Roebuck ■& Co;-'-*—-*_\.—
Socony-Vacuum- Oil Co
10
25
———1
Jun
Corp.—*
Republic Steel
20
215
7
20%
_4
common.—:
14'A
33% Feb
Falstaff
Feb
2%
100
3%
3%'
20
50
a20%. 20%
.
14% Mar
9
15%
al5%
Paramount Pictures, 'Inc-,—,.—--
■'
2%
2%
Mar
2
High
28% May
15
Mar
Hussmann-Ligonier common..———
Hydraulic Pressed Brick common—100
..\r.:,y 1' '
45
Electric
16
7
45
Jan
8
6% May
235
8
8
6%
30% July
9% Jan
Low
14'A
Burkart
28%
15%
Manufacturing common
Coca-Cola Bottling common
1
Columbia Brewing common
5
Ely & Walker Dry Goods common—25
■
Range Since January 1
High
28%
30%
——w—
Pennsylvania RR Co——
Radio Corporation of America——.
common———:
a29%
Corp——;——,*-
Copper
Low
Shares
'
Shoe
a30%
Montgomery Ward & Co Inc———
New York Central RR Co—i—
of Prices
Par
:
Sales
for Week
Range
Sale Price
Jurt
Apr
Week's
Last
STOCKS-
Jun
24%
10
Internationa! Nickel Co. of Canada—*
Exchange
July 11 to July 17 both inclusive, compiled from official sales lists
Jan
32%
a31%
a32 Va
—.——*
Jun
on
on
Co———-U—*.
Electrie
General Foods Corp—*
St. Louis Slock
Jan
3%
17 »A
6%
6%
Curtiss-Wright Corp
3%
150
23
23
Continental Oil Co. (Del)———-5
200
3 "A
3%
Continental Motors Corp——'-,--1
9Va
Jan
IV2
Jan
Feb
73 % Juluy
May
19% Feb
common.————25
Victor Equipment Co common———1
Waialua Agricultural Co—————20:
Wells Fargo Bank & U T—.——100
Yellow Checker Cab Co series 1—50
Yosemite Portland,Cement preferred.lO
Sugar
12%
U0
13
-
Va
15%
22%
Feb
21
Jan
Apr
4%
3,040
4
Jan
11%
1,140
10
May
15%
2.20
225
12%
Jan
100
1.95
Jun
22%
10
2.20
22%
Jan
23
Jun
5
Jan
130
27
Apr
31
Jan
30
2.50'
200
2.50
Jan
Apr
3%
270
30
-
13%
17
May
235
"
4% July
205
235
»■
13% Jan
18 Va Mar
4%
15%
.
Jan"
July
11%
11%-
4
14
13% Mar
2.00
Feb
2.50 July
THE COMMERCIAL & FINANCIAL CHRONICLE
242
Monday, July 20, 1942
OTHER STOCK EXCHANGES
Friday
Range
Sale Price
STOCKS—*
Sales
Week's
Last
Friday
for Week
of Prices
Sales
Week's
Last
STOCKS—
Range Since January 1
Shares
for Week
Range
Sale Price
of Prices
Shares
.
Range Since January 1
'
High
Par
M J & M & M Cons.
Unlisted-—
<
—
.
.
Ltd, capital—
20
American Radiator & Standard San ♦
American Tel & Tel Co————100
American Viscose Corp——
14
Anaconda Copper Mining————--50
Anglo National Corp common A
-*
American Factors,
—
27
26/a
39 A
3
—————'5
31
1
-2'/a
Consolidated Edison Co Of N Y—13'A
Consolidated Oil Corp—
*
—i
Curtiss-Wright Corp—1,
-General Electric Co——
—*
a27JA
Gopdyear Tire & Rubber
—;—* -/i—;i:
Inc capital
—
Bunker Hill & Sullivan——
,
&27
2%
30 "A
—
30 %
Jani
27% July
28l/4
Jan,
North American
Jun
Pacific
4
Jan
1.60 Jul*
29 %
39 % July
Jan
2% May
.
4%
;
,
Co
5c
.....
10
common—.—
Portland Cement
a7%
common—10
1.20
a40
Pennsylvania Rp ————————50'
200
38c
10
13%
5%
31
660
3*S/V
30c
20%
Feb
40c
Feb
Jan
11% Jan
423
11% Mar
13%
Jan
155
4% May
6%
8%
Jan
6
15
May
125
22%
200
17%
600
28
2.00 Mar
Apr
Jun
2%
Jan
4
26% May
Mai*
3
Jan
Republic
Steel Corp common
._*
Shasta Water Co, common..—*
al5
a8
6%
preferred
6%
8%
18%
al8%
28
28
27%
Standard Brands, Inc......
19
Jun
24
Feb
2%
Feb
13%
88
Jan
128
25
Mar
3%
50
a38%
38%
4%
.
50
•
Apr
6% July
; Mar
3
15 Va
6% May
15
Apr
298
-
:
3% July.
Jun
r4%
164"-
3%
Standard Oil oj N J
—
Studebaker Corp common.....—
United
Aircraft
Corp
25
4%
4%
a27
capital.—.....5
,
7%
Jun
20% Jan
28% Jan
United States Petroleum Co..
United States Steel common.—
5
20% Feb:
Warner
Apr
4%
Jun
100
30
,
Jan
90c
95c
600
80c
49%
49%
352
44%
4%
Apr
25
Jap
5 '/a
Apr
32% Jari
May
Jun
25
Westwn .Union .Telegraph—r—.__10Q
41%
26% May,
49%
1
*
24
27
30%
,1.05
Feb
55%
Jan
36% Jan
20
50
Jan
70
15%
6-
..._25
27 % May
19 % July
200
Feb
44'/a
Jan
18 % July
26% May
75
100
219
Jan
1.20 July
Jun
137
Socony Vacuum. Qil Co.——T«—
.15
So Calif Edison Ltd common..——25
Feb
6%,
27%
8%
Jan
Jan
July
38
■
135
3%
Jan
Jan,
32%
July
8 % Mar
240
1.15
5..
3%
9
13%
May
6% Apr
16
20%
2.60
10
54
40
Preferred
9c
30% July
May
7% May
200
1.20
..100
1.40
245
8%
11%
7%
8%
Apr
300
High
Apr
24%
2,300
1.90
11
5c
255
30%
1.85
11
Low
8c
30%
New York Central RR.capital—
..*<
North American Aviation.:
—.1
City Copper
High
7o
Radio Corp of America————
27 ...
2%
30 W
19
21
19%
21
128 %
1.15 Mar
130-
2..3Q
2.25,
2.?5
Mary Mines Corp———_——-I
International Nickel Co of Canada—*
International Tel & Tel common..—*
Kenn Copper Corp common
—,
*
Marine Bancorporation
—_.——*
Matson Navigation Co—^
Idaho
Apr
May
3
475
>18 k
18
Mountain
23% May
384
3
31
37c
9%
13 Va.
5 '/a
a6%'
a27Va
Jun,
24
20,
8c
*
4%
250
1,^1.1•£?..
39 V* 39 A
w
104%
Low
1
—
Montgomery Ward* & Co.
Apr
200
26, /a.
J/*
3A
—
3%
896
27
18% July;
May
50
a4%
4%
114'A *15/o
a4%
all5/a
27.
26 k
Mining Co———i—-----5
Atchison Top. St Santa Fs
—,—100
Aviation Corp of Delaware—
3
Beridix Aviation Corp
17
50
Argonaut
Blair & Co
Low
High,
Low
Par
May
May
Bros
Pictures^—.5
5'A
15<y
25/
5%-
150
>-
5%
25
2^ % July
Jan
July
CANADIAN MARKETS - - listed and Unlisted
Week's
Friday
Last
Montreal Stock Exchange
STOCKS—
Friday
v
V
Range
of Prices
Sale Price
STOCKS—
-Vi;*
■■"
Low
Par
Algoma Steel preferred
——:—.108.
Amalgamated Electric Corp.—.—*
Asbestos
6
————*;
Corp—
.
Assoc Breweries;
—
Shaves
Low
1
6
6
-
High
84
Feb
82
7 %
Apr
Winnipeg
-
Class
May
Jan
B
17
Jun
19
Jan
55
14.
Apr
17%
Jan
14%
Jan
Montreal
150 V*
Jan
Nova Scotia
Banks—:
Brazilian
& P———--*
T L
British Columbia Power class A—.---*
■
5 %'
Canadian
Bronze,
Canadian
Car &
7 %
•7 %
245
8
50
5
Mar
12
Mar
5
2£4
27%
242
30
6 Va
100
-——-—100
Alcohol
Ind
common——*
3 Va
—
Class
—:
B
4% Mar
7
•'
26
Distillers
100
July
100
114%
Feb
116
185
3%
3
3
15
3
Mar
2,075
5
Jun
34%
35%
565
Bridge.-—————*
preferred—————25
—100
Dominion Glass common
Dominion Steel & Goal B
Stores Ltd..———
Dominion
Dominion
Textile
.-*•
General Steel Wares——
Holiinger
Gold
...5
V
Preferred
International
——
Nickel
of
International
Power
Co
5
4
4%
6%
'
National
Breweries.—
25, '
71
-
3%
82
July
6
<
Jan
3%
Apr
2 V2 July
>
Jan
Jan
16
20,
6 V* July
73
35
63
Apr
7 4 Va July
25
5
40
5%
47%
35
3Va
100
7.75
9
30,
20
24
310
9
937
10
1,440
1%
6%
Preferred
.—100'
Ottewa Light Heat Si Power———10.0
5%
28
Apr
9%
Jan
Apr
7
Jan
Apr
6 V4
36
Jan
13% Jan
87
89
80
89
130
17%
118
150
1,518
:
24%. 25
12
Jun
3%
2% Apr
2% May
70
20
118
Mar
8
5
v
21%
1
117
20
12
May.
Jan
Apr
20
Canadian
Dominion
A
preferred—..—
St Lawrence Paper preferred
—
—.100
Shawinigan Water $ Power
Williams of Canada
Preferred
Southern, Canada
—i—.—
.*
100
Powerw.^,—...—*
Far footnotes see page 244.
4
175
Feb
Jan
Jun
^
International
■
*••
■'
261
2
5'/*':
2%
Apr
3%
Jan
18'/a
Jun
July
13%
Feb
July
July
3%
Apr
15c.
Mar
3c
12%
75
50
;
10%
30
Apr
207
5%
Feb
14
14
100
11%
Jan
40%
41
65
39%
Page-Hersey Tubes Ltd..——*
Power Corp of Canada—
6% cum 1st pfd.^.__..100
93%
93%
15
83
83
5
...*
6
6
10
Provincial Transport Co
.
pfd—..100
103
103
2
Brewery Limited——*
Walker-Gooderham & Worts Ltd com.*
1.10
1.10
41%
19,
.19
20
320
19%'
20
396
19% July
22
Jan
Canadian
155
Jan,
Dome Mines
6
July.
6%
Feb
Apr
15
Jun
Apr
45
Feb
103
Jan
73
May
4% Apr
175
Jan
92
'
93% July
200
41%
Southern Canada Power 6%
12% May
72% July
74
"6%
Feb
5% July
15% July
15% July
Va
~
16
Apr
3% Apr
6V«
41
Jan
1.75 Mar
25
12
12
72
6%
4
9
100
-
15%
15%
Feb
25Vi Feb
2
50
3c
.
,
Jan
50
'
14
V*
3%
20
Apr
29
9
'!
2
Jan
July
2% Mar
14% Mar
60
18%
30
5
Teleg & Tel Co Ltd——10
Massey-Harris Co Ltd 5% pfd—.100
McColl-Frontenac Oil 6% cum pfd.100
Melchers Distilleries Ltd pfd.——10
Mitchell, Robert Co Ltd.—
Moore Corporation Ltd-— _*
3%
.
l
Jan
27
;
% Mar
95
Apr
3% July
Ma?
2
14
_!?
Maple Leaf Milling Co Ltd ct A pfd—?
Maritime
22
135
9
'•
———1
Co..:
25
3
2%
3
1.45
June
;18
22
18
trust——*
1.65
125
■v •■■■
2%
18.
Jan
Jan.
May
31
161
Mar
21
1,060
19
2%
2%-
St Paper
.1.75;
85
2% Apr
160
May
5% July
20%
27% July
142
25/
27
22
22
Utilities Corp class A—*
Power
3
1.75
102
Feb
1.10 July
225
,
65
;
5% Feb
17% Jan
July
79% Apr
115
.25
Mar
5
28
3"
May
V 99% July'
23
1.10
19
Ltd A—
4
13
15
145
;
9% Jan
30
144
144
——
B
MacLaren
90
Jan
1,210
;
85
85
9%
137
100
1.05
Jan
Feb
85
Jun
Jan
103%
Feb
1.10 Apr
Jun
50%
Jan
-18 % Mar
19%
Feb
40'
Jan
3,
26
Feb
151
;7%.
60
60
12%
preferred
$1
6
6
91
91
4,000
8c
Apr
1,000
28c
Apr
46c
Ltd——4——————*
East Malartic Mines Ltd.—.——1.00
190
10%
Apr;
17%. Feb
4—1.0ft
Mines, Ltdr--~r-.———A
1.30
1%C
3,400
l%c Mar
Jan
8.25
8.25
100
6.90 May
1.52 ;
1.52
300
1.20 Mar
8
1.15
3.45
10%
20
10
May
165
24
V* Jun
13
13%
11
25
115
115
250
1.10 May
12%
2,227
10.
10
10
'
11
Feb
110-
9,
July
Apr
Feb.
3%c Jem
11% Jan
1.30
l%c
5 % May
94
2.24 Jan
Joliet-Quebec Mines, Ltd—
Jan
2.00 Jan
15%
Jan
43
Jan
14
——1
Antonio
Siscoe
Gold, Mines Lt<$__
Gold.
...
65c
May
88c
1,400
50c
Apr
75c
900
1,400
90c
July
1.55
1
500
56C
90c
1.55
300
■
32c
1
;
66c
55c
Q'Brien Gold Mines Ltd.. .1——.—1
Mines Ltd
—
—,1
Perron Gold
Sullivan Consolidated Mines————1
Wood Cadillac Mines Ltd.——.
1.00
2.22
66C
Mining Corp ..Ltd.—___—*
50C
33c
50c
500
225
40
Feb
1.22 Apii
Jun,
Normetal
Apr
8c
500
Jan
16%c Jan
9c
350
Feb
11
-
13%;
Jan
10%
24%
25
'
35c
70
90
*
•
13 V*
13
11
.
4%
"
Copper Corp Ltd....——_.*
Malartic Gold Mines Ltd..*
July
Apr
60
6 .5
123
-
/
Mines—.
Lake. Shore
Malartic Goldfields 1
50
11
—
>
:
940
.
52
11
—
—*
Paper Co Ltd.:
34
13
com..
Jan
16
85
Fairchild Aircraft Limited———5.00
1.55 July
31c
50c
May
Mar
1.31
Jan
Jan
Feb
Jan
1.55 July
49c
Jan
65c
Jun
Jan
Oils—
Sherwin
109
1.10
Ltd B—
Dominion Oilcloth & Linoleum Co Ltd.*
41% Mar
1.15.
—50
July
4%
Engineering Works Ltd—
Donnacona
San
Class
90
15
.
43
"
St Lawrence Corp.——
365
4%
Vickers; Ltd,: common'.-J—.*
1% cumulative preferred.———100
Consolidated Paper Corp Ltd.
—*
Jan
39%, Jan
12%
—
Feb
91%
9%
15%
Canadian
Apr
7% Apr
—>
13
28
Industries
Apr
535.
*
Feb
9%
Breweries Ltd—
Canadian
Apr
7%
100
Jan
13
16
23l/a
Jan
—————_
7
100
5%
37
'
Mar
common—...
Mar
452
99%
29
29%
3
Paper
High
75c
May
May
13
15
10
652
38
4
Preferred
50c
5%
.
5 Va
130
38 *,;
235
Rolland
55
13
4%
Walkerville
400
—
Range Since January 1
Low
50c
Jun
4% Jan
23% Jan
Mar
........75:.,
,
17%
16% Mar
15.
9
Jun
4
.100
Shares
High
99%
ClasS
9% July
12% Jan
Jun
s
—
Sales
for Week
Range
pfdi—.100
■
7% Mar
4
preferred-——..
*
Bud Breweries Ltd—
Fraser Companies voting
5
Quebec Power
Week's
of Prices
Jan
11% Mar
i5i>4151 y*
...
Jan
*
Calgary Power Co Ltd 6%
Jan
5
Price Bros & Co Ltd—..*
153%
Canada &; Dominion Sugar Co.
*
Canada Northern Power 7 % pfd—100
14
Corp of Canada——
Power
July
*
British American Oil Co Ltd
42%.
:
146
Brewers & Distillers of Vancouver Ltd_5
Aldermac
Ogilvie Flour Millst.
107
90
Corp
100
255
29
—
Power
Ford Motor of Canada
29
3
20
22
190
3%
—
;f. ,:,:-
Apr
148
145
145
Sale Price
,
Fleet Aircraft Ltd-...-—
13%
.
21
—
Jan
273%
....
Jan
502
3
21
24%.
Aluminium Ltd..
10%
/
30
3 Va-
*
Feb
188
Jan
50c
Mar
97
8%.
13
•
May
July
152
169
common—_«
_—__100
cumulative preferred.^.——100
May
9
98
Jan-
47% July
3% Jan
2% Apr
420
Jan
6 %
Apr
Apr
6.75 Mar
7.75
6%
*
*
July
Feb
9
,
Preferred
National Steel Oar- Corp
Noranda Mines Ltd--,
4% Jan
July
12
,
17
100
....
5
Feb
5
—
Light Heat & Power Cons.——*
_LI_
Jun
12
.
118
Montreal Tramways
9% Jan
50
—
* *
Apr
Jan
6
Lake of the Woods Milling Co com—*
Preferred
10Q
——___*
245
•
140
88
Mont
115
Mar
4
235
89
McColl Frontenac Oil Co
141
270
LOW
Canada
3%
225
2%
preferred—...100
Massey-Harris
July
6%
1,015
4%
29%
♦
57
71
Preferred
71
30
Ltd—*
Lang St Sons Ltd (John A)
391
•
9%.
'
9%
5
Canada———*
International Petroleum
112
10
8%
23%
23'A
__£l
...
115
9
Imperial Oil Ltd—9
Imperial Tobacco of Canada.—
Jan
97%
,
.—...*
;
15%
3 Va
.
Bay Mining
10%
47 Va
47%
Howard Smith Paper common——*
Preferred
.
..100
Hudson
170
5 V*
*
Mines
11
73
—
pfd—50,
Jan
22
Abitibi Power & Paper Co
6% preferred
Jan
12
.
v
j
143
Marl
2%.
4
.A
_•
Goodyear Tire & Rubber 5%
Gypsum, Lime & Alabas
Jan
95
24
95
6
100
;
—
26*%
Jan
4
—*•
Co
preferred
21 % Mar
5
22% Mar
71
"
Dryden Paper——
^
Enamel & Heating Products.—:■
Foundation Co of Canada——_
:._*
Gatineau Power
^
25
Feb
270
1
Par
Beauharnois
171
5
i
4
24%
Jan
90
8%
*
...——
39
23%
115
8%
142
Last
Jan
6% Mar
34% July
495
23%
3%
10%
'
—/
25
,
Dominion Tar & Chemical.——.—*
5%
23%
■
23 Va
■
390
Feb
July
12% July
Jun
90
--
Dominion Coal
25
1.15
1.15
Apr.
Apr
5% Mar
169-169
169
Friday
STOCKS—
Jan
3 Va May
Mar
5%
..
80c
85c
Montreal Curb Market
102 y2 Mar
10
v,/
Mar
5%
Seagrams—i.
Preferred
Dominion
'
31
115
.
July 11 to July 17 both inclusive, compiled from official sales lists
Jun
125%
120
3
-
100
July
27
w.
35
-
Jan
July
21 Va Mar
21% Mar
^
*
—
Ry_—25*
Consolidated Mining & Smelting
5
Pacific
of)—.-----L—.100
Royal Bank of Canada—
-
Canadian
-
150
270
142
—.—100
of)
(Bank
Jan
10
115
Canadian
32
105
100
115
115
(Bank
Jan
25
23 Vjl
100
Preferred
25
Juri
Feb
147
Jun
.29%
Apr
120
25
120% 121
—
,
7%
/
27 V2 May
385,
6%
25
Canadian Cottons Co common—....100
Jan
5% Mar
25 Va
5
23 Va
preferred
588
v:vi
12%
70
Jan
6J/a
May
11%
600
30
'
1.15
63% Jun
Jan
4
4%
27%
preferred—u__—25
1
1.15
12
High
Mar
July
13% May
13
,
Celanese..—
1.15
'
66% Mar
22
21%
6%
__
30
Foundry.———*
participating
Canadian
*
common——
18
55,
Jun
10
6,% Jan
2\Va
■t-4%
4%,
27%
preferred.——50
Jun
8
Building Products A—13
Bulolo Gold Dredging
•—5
Canada Cement Co copimon———>--*
Canada Steamship,—■?'/•.
945
11% July
135
13
v,
-
■
145
263
9
8%.
9
150
88
-
;:-V;-■
(Canadian Blank)—100
Commerce
12
20
55
1.15
.J..'..—.25
fellers preferred
345
137;
60%
68%
150
.
17%
136
Low
60
i
130
Range Since January f
High
68'A
•
68 'A
Electric class A——*
1.15
—.....—-uUW-—* > :;;V;-w
—10Q
12'A
Preferred
14%
11%
A—11%
Co of Canada
100
136
Power & Paper
Bathurst
Bell Telephone
Sales
Shares i
Range Sinoe January 1
5
14%.
v
..
——.———25
17%
■
.
of Canada com...—.*
Low
Tuckett Tobaccp preferred——.—100
for Week
83
Sale Pric^
,
Steel Co of Canada common.——^
Preferred
High,
83
lists
Sales
Week's
Last
V/-v>■
:
Par
July 1% to July 17 both inclusive, compiled from official sales
;.
;
>
for Week
Range
Of Prices*
.
'
13% Jan
,115
10 %
Jan
Jun
Calgary
Home
'
.
& Edmonton Corp
Oil
-2C
Co
Ltd
Ltd
—
*
.._...*
Royalite Oil Co, Ltd———
..*■
95c
2.10
17,
4c
Jan
2c
2,500
l%cJuly
95c
1,000
1,500
95c
July
1.03
Feb
2.05
July
2.70
Feb
2.25
17.
120
17
May
19
Jan
THE. COMMERCIAL & FINANCIAL CHRONICLE
NumbeE 4091
Volume 156
CANADIAN MARKETS
Toronto Stock
Listed and Unlisted
-
-
Exchange
'
,
July 11 to July 17 both inclusive, compiled from official sales listsWeek's
Last
STOGKS-
Abitibi
7%
Power
&
preferred
y
6%
Paper
—,
pfd——100
—'
___100
—
Algoma
Gold
Aunor
43c
6
Mines
of
Bank
Montreal
of
'x'x
Toronto ——*:..100
Base Metals Mining
*Bathurst
Power
&
Exploration & Radium———1
Beattie Gold Mines, Ltd———
1Bell Telephone Co of Canada—
Bidgood Kirkland
.'
—-1
Mines 'Ltd—————1
2,125
91c
May
Ip;:
'
5c
5c 5%c
10c 10%c
8%c 9%c
;
10c
•
—.
Jan
Feb
Apr
94c
150%
Jan.
10c
Jam
6c
Brazil
Mar
32%c
15
16%
Power class A——*
British
Columbia
British
20
20
22
i,i88
'-'"'■■if". 30
*
v.—
10%
12
8,600
4'%
42c
4'%
6,050
1.45
1.51
4%
4%
116
27%
118
.27%
142
143
Dominion
Oil--———
Oil &
♦
Dev.—
Porcupine Mines, Ltd—
Oil
Corp
Ankerite
Canada
Cement
Gold
*
Mines.*,———*
*
.? ;>•
—
50
116
/ 27%
100
142
Canada Steam preferred—
Bank of Commerce-
Canadian
Canners
A-—-—20
class
—
>~;*
Mortgage——100
Canadian
40c
42c
common-——"
Co
Canada Permanent
r
1
common—.——
Buffalo
-
18 %
*•
„————
A
«
Canadian Car & Foundry common.
Canadian
Celanese
Canadian
Industrial
Canadian
Malartic Gold Mines—
preferred.
__
.
-:
Canadian
Oil
Canadian
-
1.01
v
:
16
10
22
1
-l
Apr
"••5
115
1,904
5
Jun
6%
1.00
1.05
1.00
Apr
1.72
64c
Consumers Gas Co of Toronto——100
115
Cosmos Imperial Mills, Ltd———6
Cub Aircraft;
—
—T————t,—.—6
40c
1
34% JUly
22
Dominion Bank—-—.—.——-.lOQ
132
May
22
35c
400
May
18
.
10
Mar
55c
4'Ac
21
525
23%.
473
14
169
40
10y4 JUly
15%
Scot Inv
25
preferred——50
10%
Dominion
23
23
23
10
23
24
Dominion
Steel class B-i——.——25
8%
8%
8%
180
6'A
Jan
110
4
Jun
Dominion Coal preferred
Dominion
Stores.
K
7%
43 c
700
2.55
Eldorado Gold Mines, Ltd.
1.30
43C
Malartic.——
1.25
7%
1.25
Worsteds pfd„20
2.55
560
V*: 100
■
r:
July
v
■
9 %
July
6,180
May
Mar
52
Jan
9
65c
65c
"1,800
60c
July
90c
Jan
20c
20b
540
18C
Apr
25c
Jan
53 %c
55c
2,100
48c
Apr
25c
1,800
23C
Apr
38c
Jan
1,500
5'Ac
Jan
10c
Jun
16c
May
6
Mines..
V
——1
Farmer
Fanny
17
i"-?
/IT 17'%
Jan
Ford class A
—_
Francoeur Gold
IB
18%
—.*
—_
Apr
53c
Feb
2.50
3.60
u
July.
22
Mar A
18%
597
20c
1,000
6%
2%
150
35
20c
Mines.*—
Ltd
t
3%
Apr
14'% Mar ;,:
19c
Oils, Ltd
42 %c
v
Mines of
Power- Co,
15c
2%C
4c
93
93%
25
92
Mar
103%
Jan
37c
17,000
35c
July
85c
Jan
17c
3,155
12c
Feb
19c
Jun
90c
90c
3,150'
90c
July
10%
10%,
900
16%C
7 9
1.62
100
...
,
—
1.65
1.30
1
—
Apr
4%
Feb
1.66
f 1.54 July.
3.20
Jan
12,425"
15 c
•
16c
2%o
52
Jan
May
Dairies
l'Ac
4c
Jan
1.10
10
1.10
July
2.00
Jan
1.57
1,150
1.35
Feb
2.05
Jan
5,000
9c
19c
Jun
100
12'A Mar
14
Jan
61c
97c
Jan
Power
6.
common——„——-6
100
70%
75
15c
18c
13
13
13
63c
63c
63c
8
8
8
188
9
_
_
1
Jan
Gold
8
70
6
Apr
8
July
70
36
65
May
89%
Jan
35 c
200
30c
May
49c
Jan
500
17C i
Apr
lc
Apr
9
Sturgeon- River
Jan
Wi.'
"ir
-
1
Gold Mines
9-
133
20
57
Mar
63%
Jun
10
67
Apr
70%
Jan
87c
Jun
1.96
Jan
1.30 v
lc
-
lie
10
1.55
.66
100
r
1.50
10
God's- Lake
Gold
Mines Ltd—
•
2,500
9o
3% C
l%c
1,000
lc
48
•*"
'
3,000
48
25
1.55
—6
1.60
60
10c 10 %c
6c
Eagle Mines Ltd_——————_1
Co—x.—_—1.
Golden Gate Mining
t|-
Gold
Gunnar
Mines,
*
12
13
70
7 %c
8c
7'Ac
1
39
20c
May
1.45
...1
Sylvanite Gold Mines, Ltd
66
Toronto
Mar
50
Jun
Uchi
3%
'
3%
r3%
230
■
Mortgage Co.—.
Bridge Co.—_.*— ————_6
Harding Carpets Ltd—.——6
Hard Rock Gold "Mines*———————1
Harker Gold
'■'0
:.
9 :
Highwood-Sarlee Oils
Hinde
Dauch
&
:
Paper Co- of Can.
«
''
3%
400
3
3
,
36c
2 %C
2%
32c
5,240
i
2Va. Jun
1,000
2c.
2,050
lc
;
United
C
7c
Jan-.
Ventures
55c
Jan,
Vermilata
4%c
20c
Jan"
7.75
3,035
2.30
6,300
2.07
7 2'Ac
2%C
■
9% Mar.
Gold Mines..
Howey
Hudson
„
20%
Erie
paid1
——
49
;
.
1
Inspiration Mining & Devel Co.—
International
Metal
International
Jack
Waite
A
*
•
«
Petroleum
Mining Co; Ltd
7
:
30 c
6
Nickel'
International
class
175
9y8.
30c
170
.100
Bank—
170
87/a-
Impertal
13%
July
29%13
13%
'
!
Weston
6%C Apr
"
55
Jan
Apr
170
July
73A Mar
Apr
5*
May
Lake Gold Mining—
Kirkland
Lake
Shore
Landed
Mines,
'
1,037
29'A
1,380
8%
204
31c
''
\
42c
43 c
4,000
Secord
Leitch
Gold Mines,
Levy Bros
Little
Ltd
.
——(_•_
.;.
Class
For
Groc
52c
1
—
7%
120
7%
52c
52c
2%
2'A
1,000
•
100
80c
80c
1,050
9
21%
21%
409
*
class
A
B
footnotes
1
19'A
19%
25
«
Long Lac
Loblaw
7%
see
page
244.
80c
377
5,500
42
42
19
19'A.
100
29
29
29
■y".1.. 9-
10%
—
Ltd common-
4.15
4.05
19.
9%
;!y 12:.
*
9
2.05
1,150
10%
29^
Apr
3%o Mar
36
4 Vo c
25A Mar
Jan
Mar
Feb
4%
Apr
Apr
1.24
Jan
3.00 Apr
5:%.c Jan
5.00
59c
12
2.04k
4.05
135
.
40
100'
18%
20'
205
10%,
'
""lOO
——w
}
90'
2.10
f 3,868
13c
4.80
Apr
Mar
Jun
May
Jan
•9%
Jan
21
Jan
Mar
18
50
Apr
29
Jun
;
L81
Jun
11%
May
•'""6
12%
Jun
Apr.
2.90
Jan
Jan
Exchange-Curb Section
July
Friday
Last
2%c Mar
I
1
40'Ac
6.75
4
Apr
4.40
Jun
62c
official1 sale® lists
38 %c
Apr
12
Jan
8
Jan
Feb
Breweries
Shares
Range Since January 1
Low
High
Canada
High
5% July
5%-.
5%'
25
5
5%
5%
35
4% July
77%
Jan
1.70
1.75
1,275
1.60 May
3%
Jan
3
3
50
2
Apr
4
Jun
60
—*
;
10%
Vinegars, Ltd——.
Consolidated Paper Corp
Consolidated Press, Ltd,
*
—
6
"A"——6
1.70
■
■
3
Corrugated Paper Box preferred—100
60
10
50
Mar
69
Apr
Apr
Dominion, Oil Co,
1.25
Ltd
1.25
25
1.25 Mar
1.50 Mar
Feb
60c
Jun
3
May
23%
23%
310
22%
——6
74'Ac
75c
800
65c
Langley's preferred"
2% July
80c
Bud
for Week
Range
of Prices
Low
Par
v
Sales
Week's
Jan
May
6% Mar
Sale Price
stocks—
;y^f
Crown
.3
Laura
4.00
8%c 10 %C
42
Jan
2.93 Mar
.
14,450
July 11 to July 17 both inclusive, compiled from
20c
12,710
600
73c
:
4.10
Feb
lc
585
67c
3.95-
9
Toronto Stock
;
May
13%
4.00
6
675
Jan
Jan,"
9% July
yy-
11'A Mar
3.85
8.50
.3%
Jan
5c
Jan
3.85
6
15".
1,000
50c
!
36%
l'Ac July
8.10
1,685
*•:;?
Jun
Jan
Apr
667
—
Jun
—
•
(George)
Jan
1,000
8.10,
Ltd..:
Banking & Loan Co—— .100
5'A
30
84% Mar
July
[
7%
43c
1.
—
Winnipeg Electric preferred
-■
M'nes
6%
3%
9
Wxight-Hargreaves
Canada
Gold
Kerr-Addison
6%
3%o
*
com
Feb
Jan
7c
7c
Apr,
9
Preferred
2.70
Jun
50
-
lc
Feb
Jan
7
20e
2,000
ylyj--
Western Canada Flour Mills pfd.
20c
46
30;
4c
69 c
Mines, Ltd—
Walker-Gooderhanv & Worts
{
28%
10
3,029
4c
3.%C:
68
Jan
Jan
76
May
23c
:7 *;'■
———,——-
I
Apr
l'Ac
—
—.1
Oils
Jan
;;
Mar
25
1,000
30
July
l'Ac
-1
—
Jellicoe Mines Ltd——
6
14c
21%
:-.
;
8
8
100
1,500
1,002
'
23%,
49-
.100
Mortgage Corp
———.—
23%.
23%-
7 3,000
15c
15c
15c
1
Bay Mining & Smelting.—
&
Huron
2%C
—1
Homestead Oil & Gas
2c.
/. 63*
6
—
_
Jun.
14
ii
,
500
30:
10.50
6.70 Mar
2.09
2.27
12%
7.45
80
7.
2.34
1.50 July
2,845
Jun
3 %
July
Jan
11%
May
68
9
Jun
12%.
—
7.45
:
■:;;i 1.98
8 'A
;iok.
25c
■
te
9
Steel.*
Waite-Amulet
lc
1.15 Mar
1,744
,
Jun
Apr
Apr
Jun
68
.
....
;'-
Jan
3%
2% Mar
;
~
Mines. —.5
Oil
210
1.70
25c
-hyh
;:V7V17
Jan
.'1.'
■7c
.
*
Hollinger Consolidated Gold
Home
>
34c
2'Ac
35c
1
Mines Ltd——
W.
•3%.
Jan
Apr
3%o
1
yy Ar¬
United Oils Ltd-—-
Feb
m.— ,'J
.
off Canada....—_
Co
Gas
Union
1.51
Upper Canada Mines Ltd.——^—
3%
Hamilton
1.15
6'A.
50
.....
Mines Ltd.*..————
Gold
United Fuel A
2'A Mar
-
Gypsum Lime & Alabastine.———6
1
100
...
Transcontinental*. Reserve
Jan:
■
.
—
May
13c
Ltd..—
(G)
Tamblyn
J&n
167%
..
150
1%C
13 % C Mar
v
9
Teck-Hughes Gold Mines.
Toronto General Trusts Corp
Jun
3%c
11% May
7%c Mar
v
%c July
8%c May
'
6'Ac Jun
May
l'A May
9,700
'
■
Ltd——_
l%c
48
Goodyear Tire & Rubber of Can pfd_50
Great Lakes Paper (voting trust)
Preferred (voting trust).——
""
^
;
6'Ac
,
4,000
1.35
1.50
•'
1.35
1.45
hi,J
74,185
'•>
10
1165
11
Feb
10
61%
1*03
1.26
r:V;'; 11c
9'A July
Jan
Jan
68%
9
Gold Mines—
Basin Mines, Ltd——*.,
Sudbury
.
—.
' '
340
6c
>
68%
9%
•y. :y
19,500
61%
;'
.
—
>
Lake- Beach
Straw
2%c
2c
9.
9
Canada,
of
Co
22b V
22c
2c.
Preferred
Steep Rock Iron.Mines*.
Jan
Jan.
77% May:
Apr
8% July
350
_
Mines———*~i
Chemical, Co,. Ltd
Standard
Steel
79%
y
6'A Apr
''
Lake
Slave
Jun
70
75
preferred
5%
July
7
35c
1
Sladen-Malartic
6'A July
I,
Apr
Mar
70
7
100
_
19%
138'A May
July
l'Ac July
3,115
9
j..*—_
Gold
Siscoe
Jan
613A- Apr
70
73%
5%y«> preferred —————100
4%
135
500
1
Preferred
Simpsons preferred
Jan
50
1.50
;
9
.
Apr
Jan
176
1.10
-
1
common..—
V;
17
l'Ac
l'Ac
1
—
Jun
155
July
16 % July
135
'
Gatineau
:'
Jan
3c
May
142"
135>
9
Ltd——
39c
Apr
2c
2,500
147
80
4,200
2c
16%
—
1
„,
4% July
3
142-
common—
7'x
2% Apr
75
-
9
——
Jan
35
3%
•
i-W
142
w-100
Gold Mines Ltd*.
Jan
.
115*
[ ii+im,''/
V
100
Ltd
:
preferred—
75c
July
4 %*
4-.
1.65
Industries
Jan
100% July
3%
1
■
Jan
2.20
96% May
40c
Jan'
14'/a
2.35
;S
r.20 July
560"
1,000
9
Long' Lac Gold* Mines
2,640
45o
1.35
Jun
1.38 May
5
45c
—■
4 %C May
May
10
25
100% 100%
y
'
.17
.
2c
53,500
1.60<
_l;i
■'
6'Ac Feb
122,750'
1.25
1
—.
C——_
Ltd pfd
35c :
....
100
...
B
■:-7
16 %c
Corp of Canada, Ltd
Anthony
Jan
14c
1
Mines
Gold
Gold
90c
8c
3%C
9
9
Mines
Electrotypers—
&
Jan
1.04
7%c
9
Tubes
Engrav
23c
Apr
14%c
———
/V
Porcupine
Jan
8c
1
Nickel.—.—
Silverwood
187% July
Apr
230*
__
Sherritt-Gordon
Feb,
Jun
15
270
3%
2%
9
Shawinigan Water & Power
'
Ltd——— 6
Aircraft
Fleet
_
Rouyn Gold Mines
?
Falconbridgo "Nickel
Oils
9
Ltd..
Gold
Senator Rouyn,
July
32c
•
Feb
138
85c
8 %C
-
8
2.30
Jan
34%
Jun
July
41
San- Antonio
5% July
•'
4c
July
28
134
"
554
St
Feb
4
1.22
2
Jan
July '
July
600
Russell
Apr
3
25
4c
5,500
29
134
4c
26
10,400
Royalite Oil Co
6 % Mar
50
Tar & Chemical Co.;—•——6
Dominion
Dominion Woollens &
Eastern
10%
—•
1
.
10%
4c
29
134
178
'
25
43
Royal Bank-, of Canada
Jan
191
July
26
Apr
May
158
25'
10c
Queenston- Gold Mines.
Jun
17'A
10% May
.6
26
-
Jan
45
87c
Roche
Jan
25'A
Mar
160
Preston East Dome
Jan
6c
2V2c Mar,
1,000
k
Jun
Apr
39%
87c
St Lawrence Corp
13%
13%
i;,> 169
110
39
Jan
29 %c
20c
160
100
1.40
May
95c
160
.
May
300
406
.
Jun
5,300
40%
,
Jan
3
25c
24c
40%
29
10c
Mar
1.05
1.00
40'A
..
Apr
2
9'Ac
Power
Jun-
631
5 'A
1.00
24 %c
"
4c
Pressed Metals of-America
6% May
40c
6%S
55
42%
Porto Rico
10 % Mar
169 171%
13%
74c
Apr
Jan
62
850
3
Jan
97% July
,
23
Mines—————————:—
46c
-" :
1.50
230
}v.:,
8c
Ltd..
Powel
Jan
35%
4'Ac
———*
July
8,200'
115-
8c*
2%
Jan
Jan'
87c
Pioneer
10'Ac Jan
250
22
.
60c
f
66c
I 113%
—
May
10,108
1.30
July
5c
2,550'
-
Feb
5%-,
■■
34%
35
79c
2,500
123
v
97%
5%.
—5
900
:
3c
42%
Pickle-Crow
Jan
?
500
9'Ac
Photo
Feb
Jun,
4%c
4c
9
Perron Gold Mines, Ltd.
Jan
115
9%
*
Mines, Ltd——
2,000
Apr
4c
„25c
Corp
Paymaster Consolidated Mines
Jun
46c*'
Jan
1.04
9
Pamour
Jun'
3'Ac
Jan
45%
Apr
50c
20
...
Co:, "Ltd——1
Mines,
Page-Hersey
July
Mar
3c
25c
95
May
105
2,750
100
preferred
Car
jun
36
40
3
.
Jan
74
10
75
Jan
4
2% May
56 c
9
Steel
75
Mar
12% May
....1"?
Pacalta
Jan
125
Mar
■
110
8c
Omega Gold Mines, Ltd
'
Jan
43/s Mar.
120'
3
2c
Apr
40
1
Ontario
9%
10%
56c
*
Okalta
Feb
Apr
485
;■
Mines
Purcopine Mines
O'Brien
Jan
154-
May
12
1
Normetal Mining Corp
Northern Canada Mines,
Jan
29 3A
11%
11%
3%
Apr
Noranda Mines
Jan
126
May
8-
Jan
Jan
5% Jun
Apr
2%
'
Corp.*.
Nipissing
Jan
5
25% Mar
140
-J 15,
68c
65c
Dome
July
;'
l'Ac
275
MinesJ
Naybob Gold Mines, Ltd
Feb
5%
60c
1——
Consolidated* Bakeries —
Seagrams—L
2.80
May
215
80c
Cochenour* Williams Gold Mines-——1
Distillers
7
Apr
4
110'
x
>
5%c
62c
Nickel
^
36c
97C
97c
Chesterville Larder Lake Gold Mines—1
Denison
Jan
50
v
Gold
National' Trust
Apr
61c
115
.
r
Smelting--—
29
52
3'Ac
5%c "'K5%d
Consolidated
July
Mar
91c
320
;
122
34c
115
V;
1
_
Plow--——
9
Apr
2,000
1
Jan
5%
xoo
Central Pat Gold Mines
Cockshufcfc
22
116
6'A
122
JMSB
—25
Ry—
Cariboo Gold Quarts Mining
May
:
2.22
2.75
,
3% Mey
10
5"
3%
5
i,
National Petroleum Corp..
Jan
•
j■ «
:
Pacific
preferred-
6%
-
class A-6
Alcohol
18
36c
80
Jan
Jan
Jun
54c
Mar
30c
3
Mines
Lake....—
Graham
National
'y
3b
'
Mar
4
High
l'Ac
l'Ac
common.**.
Class A-
Jun
18
400
'
:
Oil
National Grocers
Jan
97/o
•
13
500
1.50 Mar
6
Moore
■
| 6%
100
';
8%
8%
—
.
19;
18%
'
o
Class B
Jan
15%.'
•.
219
.
Mining Corp of Canada
Jan
9.30
July
6'%
,9%
American
Brown
5.95
6.20
8%
x
*
—
British
Broulan
475
6.05
9
*. )i
——
1.15 Mar
1.85
5
Mercury Mills
12'Ac Jun
-
8%c July
1,536
—
Mines
Traction.
5,200
3%.'
III20
Jan
Jun
4%cMar
'
7,000"
1.51
IIIoo
McWatters
Feb
1
Bralorne
Frontenao
McVittie
6'Ac
2,200
,
2,000
1.45
——,
1.45
l'Ac
Moneta
12,900
"
.
410
42c
'
9
w
...
McKenzie-Red
14%
56c-
1.68
.1
II—*
mil
common
Mclntyre Porcupine
Feb
9%c Jan
July
134
116 V
:
255
July
■
2.85
Apr
6
Preferred
Jan
11% July
500-
,
5%c
188
2 % c Mar
5,500
61c
■
;
6c
loo rr
3%c
138
:■
1
!
Apr
1.05
Jan
McColl
3%c July
July
)W 6,600
11%
1.47
170
225
225
6 VaC
2.02
2,200
>'
—.1
Preferred
■
■
1,850
1.20
1.80
—I
Fields—.
Massey-Harris
Jan
•:
2.10
1.15
I
Preferred
Apr
55c
6c
61c
— —
Bobjo
Bonetal Gold Mines Led__———
9
Jun
22
High
2.05
1.15
—r
Maralgo Mines Ltd——*—
16'Ac Mar
Jun
May
;C:A^'5Q
136r 135%
■■
-100 >
Mar
8
3%c
Gold
Low
LOW
2.10
Par
,
Maple Leaf Milling common....—
July
May ;■
34c
170 172%
11%
3%c
11%
3%c
:_.*
—6
Paper class A
Bear
'
•
,
Lakc__j._„
Red
Malartic
Jan
1,400
1.15
-
—
7
14
4
7%C
1
100
225
—41
Corp
-W
/
'
Ltd.——.,
High
6
25
2,100
44c
3'/4C
100
490
'
8
43c
Bankfield Consolidated Mines Ltd-—1
Bank
8%c
1.00
Anglo Canadian Oil Co
:
14
8c
WxY'-
Steel
Low
5%
14
■—"'V:
Range Since January 1
High
y.^s
—
x
Aldermao Gopper
Madsen
Shares
of Price®
Low
Par
■■■
''
t:
Mines,
MacLeod-Cockshutt
for Week
Range *
Sale Price
-yy
Sales
'
.
Macassa
Friday
243
—100
22
22
5
Montreal
6
—100
21%
21%
50
30
30
10
1.05
400
Dominion
Bridge
Co
Ltd——,
Foothills Oil & Gas, Ltd
July
1.35
Jan
19%
Jun
25%
Jan
Light Heat & Power
Ontario Silknit. preferred
18'A
Apr
23%
Jan
Pend-Orielie Mines & Metals
*
1
23%
1.03-.
Feb
24
Mar
85o
Jan
23
Jun
1974 Mar
23'A
Jan
30
35
Jun
20
1.00
Mar
Feb
July
Jun
1.75
Jan
in'liiiiiitiillliwiirn"»fr-~ir-TT
yy, /wa^w
///■/
i:.
—•
■'
.Mwwnn-.nmMw.ani
■«...»... .i-.»..ww..M...M...liiini.i..mMilin.i ■ ■■— ■wnm,
THE COMMERCIAL & FINANCIAL CHRONICLE
244
Monday, July 20, 1942
OVER-THE-COUNTER MARKETS
Quotations for Friday July
17
Par
Insurance
Companies
New
York
Bid
6.35
Automobile
•'
;Aetna
;
—10
Surety-
Aetna Casual &
.
Bid
Ask
121'/3
125 %
Par
.
Homestead
—10
10%
10
27 %
28%
insur Co of North America—-10
65%
58%
61%
Jersey Insurance of N Y
31%
33%
Xl6%
x7'/a
5
_____—
•Lincoln Fire
5
Equitable.
Knickerbocker
21%
19%
20
5
—
Reserve*—.—
13%:
Merchant The Assur——-—5
43%
Merch
10.
9
.10
American
American
1,%
55%
12%. -
,American Reinsurance-——.10'
Surety—.1—.—125
51%
33
—_—lfr
&.Mfrs
National
49%
'
6%
American——*—.—2%
65
'*
21%.
22%
-
Trust
*/.
shares
"
,
National
68
,
————2
6%,
.
i.
525
Union
Fire—
"•
'•
*
•.-.<*
.
^
•.
*.
'•
•
•*
r
19%
New Brunswick————
110
X23%
25 %
New
New
York
,
10
Fire.———
151
10
25%
27%
North
—5
31%
33 %
Northeastern
-10
39%
5
6%
v..
.
39%
Putnam
*
Re-Insurance__
Excess
—
42%
Fund-*-*
(Geo)
River
Quarterly
—10
Fidelity & Deposit of Md
—20
113%
Fire Assn of Phila
—10
507/a
Fr*_ —25
91%
'
•
-
.
.v
1.,:
i-
•./•
.
of
of
Firemen's
Franklin
•
Fd
San
-
Republic Invest Fund--
41%/
Scudder, Stevens & Clark
Newark
36
81
90
—.—5
12 %
Providence-Washington —*10
29%
Reinsurance
5
397/8
41%
Revere
10
20%
Fire
Marine
&
•
Globe
&
—10
Fire.
14%
5
St
16%
(Texas)———r—10
Fire
*—10
Island
Marine——62%
Fire &
Standard Accident..,
2
—5
American
Great
9%
25%
Indemnity
10%
26%
10
74/66
7.28
'•%
,'
-j
.
.''v.*. -Vi"' :r'" •'
Bid
-
U S
22%
U S Fire—...
_—-10
84%
87%
U S Guarantee——_
*
,//••
.
145
153
Penn
540
570
140
403
Bid
Par
Bank of New York
413
25%
42%
44 %
72
-100
-
'
Holding Corp
10.48
9.56
—10 ;V
Fire
—2.50
30 %
y
Agricultural
-Automobile
;
—1
shares
—1
"
9-. 16
A Common
.
—
9.85
Kings
62
69>/8
71%
Chemical Bank & Trust-
10
36%
38%
50
38
41
_—
Electrical Equipment
6.11
6.72;
Food
3.31
3.65
5.38
5.92;
3.72
4.10
2%
1
i
3V8
4%
3%
Mining shares.
Petroleum
Railroad
Basic
—10
Fund
Boston
11.86
Inc..—
12.75
Steel
5
Bullock
Fund
Ltd
18.28
19.76
1
Broad Street Invest Co Inc
10.23,
4.42
Ltd
Fund
Inv
1
2.35
Exchange Bank Si Trust_20
32%
33%
Trade Bank & Trust—
22.37
24.05
1
Securities
shares—
8.77
8.10
Income
*
3.12
..1
28 V2
26'/2
1.73
1
1.66
1
1.66
AA
ACrum
&
A8%
Crum
mod
1
Institutional
Forster
ACommon
A7%
100
Keystone
*
24
,-
c
*
——:
—
Eaton
'
•
&
Howard—
Balance
Fund.—*
./
—
15.37
4.10*
.90
.
15.97
9.55
20.76
Fidelity
13.05
'Financial
1
1
First
Fiscal
Inc.
Industrial
Mutual
Fund
Trust
14%
—
Fund, Inc.
Fund—.1.5
22.32
:
..10c
/
7.87
1.39
1.66
2.72
Distillers
13.93
15^27
3.47
4.21
3.19
100.30
Panama Canal 3s
1,1944
Issues
1946
108%
108%
1947
3s
109%
110%
127
129
—1961
Bid
102%
97%
98%
1949
98%
107%
102%
104
104%
105%.
105%
Public Service of Indiana
3%s
1972
Natural Gas
Southern
108%
105%
Ask
101%
Ask
102%
1972.
3%s,
105%
987/8
3V4S,
•
Pipe Line
1956
Wisconsin
Pwr & Lgt
3%s, 1971
Quotations For U. S« Treasury Notes
Figures after decimal point represent one or more 32ds of a point
2
9.77
10.74
1943.
——
7.93
Jun
15,
1943.
1—.
2.71
Sep
15,
i
15,
15,
tMar 15,
1942.
1942.
15,
*
70.56
72.00
Mar 15,
1944.
Sayles Sec Fund—10
28.71
29.30
Jun
15,
Common
?
'
%%
6.57
10c
Fund
1
1944.
Mutual
Invest
Fund
Inc.....10
100.3
100.6
-
100.21
100.23'
:>%
-
100.22
100.24
100.31
101.1
% /
1
j.
—
1
100.27
100.29
;
100.14
100.16
%
•
101.2
101.fr
1
3.30
—*
24.11
25.92
3.70
3.99
16.39
7.28
7.83
7.34
8.03
United States Treasury
Rates
Preferred stock series.
England Fund.
quoted
are
^
—
•
90c
1.00
4,40
4.76
19421942
1942—.
Aug 12. 1942
Aug. 19, 1942
Aug. 26, 1942
5.56
6.12
...
3.34
5.09
Bid
Ask
2,
1942-
b0.37
0.30%
Sept. 9,
1942-
b0.37
0.30%
b0.33
0.20%
b0.37
0.32%
b0.33
0.25%
Sept.
17,
1942.
b0.37
0.32%
b0.33
0.25%
Sept.
30,
1942.
b0.37
0.34%
b0.33
0.25%
Oct.
7,
1942,
b0.37
0.34%
-—
b0.35
0.28%
Oct.
14,
1942.
b0.37
—
Sept.
16,
1942.
0.34%
3.70
4.60
0.20^
—
—
5,
Aug
for discount
Sept.
b0.33
July 22,
Bills
at purchase
Ask
Treasurv bills-
2.54
—_
Income/series—
New
v
1946
3.95
15.24
,
Bid
—l
■
,
1945
7.23
Security Seriesseries......
,
%%
—^
Securities—
(Colo) series B shares.—•
(Md) voting shares.....__25c
National
100.21
1%%
'
Int. Rate 1 Fid ( Ask ' .
%%-. 1O0.17 100.19
1
%
99.11
99.13
tDec 15, 1946
*-***1%%
100.5
100.7
Nat. Defense Notes—:
tSep 15, 1944
—
%%
99.23
99.25,
tDec 15, 1945
%%
99.8
99.10
Certificates of Indebtedness—
t%6 NOV 1, 1942
b0.46
0.44
t%s Feb, 1, 1943-—/ b0.62
0.60.
Maturity—
Mar 15,
tMar 15,
100.11
100.19
-1%%
c
—
/
Ask -^
100.9
/
.—10c
Maryland Fund Inc
%
1%%
15/1944.
Manhattan Bond Fund Inc—
Bid
Int. Rate
Maturity—
2.44
Low priced bond series—
General Investors
Trust.......1
100.27
Public Service Elec & Gas 3s 1972
Sep
Bond
*
3%s
Electric
Penn
•
1943.
1943.
National Investors Corp
Inc_.._._2
Corp.___:
101
XJ S Conversion 3s
Other
1971.
7.20
2d
Fundamental Trust Shares A..2
Capital
100.29
>
Authority—
100.29
2%s 1952—
Dec
3,20
General
100.2
101
Bid
(R H)
Sep
*
Trust——_—_l
2.75
.;
100.13
100
Quotations For Recent Bond Issues
13.28
;
Investors
6.81
....
100.11
notes —_^_Feb
U S Conversion
Dec
S-3
S-4
Investors
1.40
2.34
B
S Housing
.1%%
100.26
1943 at 100%—
5.13
Insurance stock series..._10c
-*
U
1944—
11.00
4
S-2——
Series
Nation-Wide
^'I'hndamental Invest
'/'8
July 15, 1943
Apr 15, 1944
-
—-
100.28
16, 1942 at 100%-
3,
July 29,
'
Ask
100.7
0.80
9.97
Mass
1.27
Fixed Trust Shares A——10
Foundation Trust Shares A—1
v-y
0.70
0.90
12.13
—
Mass
4.61
-
7.17
—
K-l
K-2
15 Vi
Inc—
Bank stock series.;
0.55
0.80
1,1943
15.41
14.04
'
'•
0.65
1,1942
.v
100.5
15,1942
23.53
B-4.
Series
/..>■: -,/.
8.99
Fund
1, 1942
Feb
28.59
14.01
:i
Looniis Sayles Mut Fund—
Equitable Invest Corp (Mass) .5
Equity Corp $3 conv pfd——1
^
26.07
—
Loomis
15.03
Fund
—Sep
Bid
Corp—
8.28
1.00
_i
Stock
8.09
4.65
.
.
...1
,
tl%%
X\%
Finance
—-Oct
—
17.45-
,2.0s,
?
2.50
-/ /
16.05
B-l—
Series
14.22
25c
America.—10
B-3.
Series
———-_*.i
—
D
1035
1.09
1
of
B-2
Series
_.l
/Dividend Shares.
100.2
r
-l—Dec
—
Custodian Funds—
Series
Series
;
3.40
^Diversified Trustee Shares—
'
100
15, 1945
t%%
Banks—
Cent 111 Pub Serv 3%s,
11.51
21.45
Co
Scries
24%7
.,-f'111% ''/
•
^Delaware Fund...
Feb
Loan
Call Jan. 3,
1.91
74c
99c
Series
shares.......10
B
,
Reconstruction
100.7/
t%s
Natl
10.50
Investors Fund C
117y2
100
preferred—
,995
•
'
Insurance—
Cumulative Trust Shares
18
82
——100
States
3%
2%
15%
;_100
Ask
100.5
1,1943
May
t
Home
l%s Jan.
Ltd—
66c
Investment
22
z
Securities
Group shares.^
Group shares....—<—
Insurance Group shares—
y'
2.00
Forster common.—10
preferred
&
Bank
2.00
1
;
mod
United
165
t%s —"
Macy
Aviation
ACC
^
Call Nov.
3.39
1
Series
12.49
1.68
5
Independence Trust Shares
1
Series
% %
1.24
Incorporated Investors...
Accumulative series
150 vy
—100
——
13.44
,140
AA_—
Underwriters
50
—
yy
10
10c
1.13
135
Corporate Trust Shares
Series
i
2.39
—10c
Common
100
Consol Investment Trust.
^
3.45
5c
2030
Commonwealth Invest—
67%
Inc
1930
„
—
i_—Apr
1, 1943
Federal Natl Mtge Assn—
..
2s
;
——May 16, 1943
4.03
1
Fund
Foundation
com—100
Preferred
170
64%
2.95
•
Chemical Fund—
Christiana
160
;—_25
ft
11.22
Utility
AHuron Holding Corp
Canadian
Century Shares Trust
& Co.
New York
Title Guarantee & Trust.—12
2s
2.94
2.19
—
shares
54
12
}%S—
2.73
3.65
-
34%
52
20
10%
tl% 3>
4.?0
2.47
2.66
—
shares—;
26
33%
100
—
_10
Federal
4.87
3.12
shares—
shares.—
Tobacco
;
3.90
shares
RR Equipment
2.67
5
Industry Shares.
/,
23
-
9
Bid
5.34
shares.....
(J P)
'
10%
1120
—20
common—.
7%
Commodity Credit Corp—
4.65
bond
Morgan
/
9%
1070
.—100
——-25
—
229
Obligations Of Governmental Agencies
4-22
shares
Preferred
224
-—10
;
25
—
4.83
4.85
v
.;
County—
Lawyers
Ask
Bid
100
—
Irving
12%
58
—
3.83
i
Companies
38%
9 %
6.02
Merchandise shares
'
-
preferred-——.——5
A6%
28'/4
23%
Ask
5.47
Chemical shares
General
•
.
/- 15
26%
21%
v,
National-.
Manufacturers
31%
4.38
—*/•/;. 3.47
shares..1.
-
14.54
Nat Investing—
Bankers
Bid
shares..
-Aviation
Building shares
4-
Axe-Houghton Fund Inc
n.
12
% 12
17%
Guaranty
20
Central Hanover—
Fulton
Par
4%.
...2 /
Aviation Capital Inc—
•25
•;
Par4
293
36%
35
County
Group Securitles-r-.!....y •/.:
14'/8
2.51
2.29
Foreign Investing.lOc
Stand Oil Shares
Assoc
10
Exchange
Sterling
75
Bronx
6.25
12%
10
Ask
50
■
23%
12%
Ask
283
Bankers
27%
;;—4
Ask
Bid
5.75
1.78,: 7 1.96
American Business Shares—_.l
American
Bid
45
■'//
,
Public National
'f.»:
Investing Companies
eAAmerex
-
10%;
1120
New York Trust
Empire
:
50c
9
50
-
■
1090
Y.
Merchants
Corn
Par
yi-—
Safety—.
100
.
.
.
.100
.
•*/———
Continental Bank & Trust
Fund Inc.1%
34c
Par/
National
25 '/8
■!,
Clinton
Affiliated
-
12%
135
Avenue
National of N
Colonial
.
-
*.-1.
Corp——.10
National Bronx.
y/
210
Fidelity & Guaranty Co__2
Westchester
46%
43%
./Aeronautical Securities———1
-
Co
National City
3%
180
.100
i
12 %
10
Boston
Ask /
15%
23%
Commercial National-—
Fifth
-
•/
14%
42
—
51%
2%
0*^'•**"P. '•*'
-•
24
Boiler—
Hartford Steam
&
37%
113 y2
49%
100
11%
Fire——
y.
A Blair
AFlrst
»
-
2.99
Brooklyn
-Hartford
13.48
••
357/«
1 09 V2
5 ?/f/
...
——10
Halifax
—
/
12.21
45
10
Sun Life Assurance
Travelers
Hanover
'
6.67
10
64%
Stuyvesant
Great Amer
249
43
Security New Haven...——10
7%
-
60%
—15
1.06
.
Investment Banking
Corporations
- - •
/,
/•;
73.18
66%
'."f:\"Kf '
:'vi- .y-v: '»'/
Chase National.
5V4
241
-10
Springfield Fire & Marine....25
preferred—
——,
Wellington Fund—.
V
5.50
2.85
'
Par
1
.
6%
21%
22%
4(4
———-5
9%
57/a
•
5%
20%
20%
(Paul)
Paul
•
16.12
'
10 %
39'
x8%
15
' '
'
•,
Manhattan
Co.—
First
37
5
Republic
14.74
' 5.03
/ 5.05
-
1
Bank of Yorktowny——i-
23
Globe & Rutgers Fire com_
2d
Bank of
14 :■*
317% i'
■
;*
(NY).——1—2
Corp
Seaboard Surety
Glens Falls
f
4.25
—U
68c
New York Bank Stocks
10'/4
27 y
>
2.53
-
Rhode
Gibraltar
'
;
527/a
9 V\
11.42
-10.6fr
/
B
"
•
'
60c
85
.
-
94%
35c
f
:32c
*
U S El Lt & Pwr Shares A—_
-
2 V2
38% <
85%
—
———-——-10
Republic
'
25c
V
..
25c /
Industry Shares
Union Bond Fund series B—
Series C
ij'l
.
94
36%
82%
25
Fire—
X25 %
—
;
B_
124
Indemnity Co—*10
5
Georgia Home
Class
30c
—1
Selected Income Shares—.
•
118
Phoenix ^
—5
General Reinsurance Corp.
Trusteed Amer Bank Shs—
4%
—12.50
Pacific
38
118%
!
22%
4
National——25
•
Preferred Accident.—
__
*4.00
Trusteed
t
—
""4.18
1.49
Fund, Inc-"*—/-*——/_•
13%
20"%
—5
—;
Northwestern
.
Fire
1
1—._1
1.85
ioc
Inc Shares.—r._
30%
xl2%
2.50
/
Pacific
Federal
V
1.58
Shares—
ASeries A
1.89
*_1
7%.
,
Fireman's
Oil
Stand
1.66
ASeries B
:
,
r*t
-
28%
•'
5 /
Northern
%
Employers
Trustee
1
1
—
/
—10c
Selected Amer Shares-**—
;
D
*
—„i—I
20%
19%
■•••:•.
Hampshire Fire.—_-i_ii'_10 :'
17%
15
.City of New York———10
Continental Casualty
C
A Series
7% ;
146
Casualty.—„2
New Amsterdam
'
20
17%
Connecticut General Life
ASeries
37
_1
1
Series 1958c—_„i..
'.r>.
60.83
1.79
Trustee Stand Invest Shs—
1.55
Series 1956——
37
11c
56.18
5.35
'
V
»
1953—
Series 1955—^^-—^.^
•>' •'
.
—5
Carolina-—-———
Bond Trust ctfs_;
Amer
Series
4.75
4.85
Plymouth Fund Inc
»
Fire———,
-
.
No
/,
6%.
7%
■,
505
——.—100
—
Camden
—10/"
Casualty—
'•
45
3.30
4.30
*
7.33
2.98
;——^1 /
—
6.26
Ask
9c
y
—
Bankers & Shippers———..25
'.Boston
'/
National Fire-———————10"-/ 54" /-■
National Liberty
Baltimore
Steel
_50c
St Investment Corp.— —«
Super Corp of Amer AA
1
6.65
5.68
—
Standard Utilities Inc
9.34
6.66
—
Railroad equipment-.^
v
5.41
11.76
State
6.15
6.04
—
Railroad
V
2
Y.^.i—4vr, x5%-.;
5.58
8.49
stock
Oils
58%
41 %
equipment—
North, Amer
Fire N
35
'
J Automobile
i
Casualty——
Maryland
7.48
Metals
7%'
41%,
of Newark——2%\
American
11%
'
'
6
6.80
Machinery
3%
Massachusetts Bonding—12%
———_ift
Home
4.84
Insurance
18%
9%
Fidelity & Casualty——5
Amer
^American
6.92
Electrical
8%
3
8.79
4.39
,
Chemical
"
Bid
4.86
11.06
//
4.34
7,99
6.28
stock—.—
Building supply.^—:
67
25
—10
: 3.93
Bank
11%
Par
Sovereign Investors——1'
Spencer Trask Fund——
6.99
Aviation
Ask
27%
49%
Life—*
Fire—
.
'261/4
4?%
Agricultural —
,.American Alliance
-American
-
———_5
_
-—.---10
——.——
Aetna
'
;
Bid
Par
•
Home
Ask
i.
Stocks1 Inc—•/:
Agriculture
.....
5.23
5.78
1
9.59
10.34
delivery., r Canadian
sale—not Included in range for year,
x Ex-dividend,
y Ex-rights,
tin default.
are subject to all Federal taxes.
AQuotations not furnished by sponsor or issuer.
'■No
sCash
bonds
par
value,
a Odd
lot
sales,
b Yield
price,
market.
iThese
d Deferred
.
V
-
•
r-;r:-vr.s rrsz
t:r zrn
/)'!,<
V){
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4091
Volume 156
245
'
■
Per
1<
Payable
of Reo.
Class
A
7-25
.
6-30
Ze-30
■
7-20
8-15
9- 3
7-20
8-1
•
9-11
9-15
12-15
—
ZZ—-'.z.;——,Zz.;
pfd. (quar.) Z.ZZ
12-11,
9-28
6%
12-17
1
:
8-
8-
$-14
.-
7-31
-
-'
7-15
■
z 5%
Union
1
7-20
t50c
8-
8-31
9-15
$25C
1
11-16
9-
$40C,
7-21
8-1
25c.
13%C
8-1
6-30
8-
Richman
Insurance Co. '(N.
Riverside
Cement
(initial)—
t...„.Z
Rochester Button, common (quar.)—
:
8-1
11-
Riverside Metal Co.
7-18
1'
8-
8-1
1
7-20
7-20
6-30
7-6
7-20
8-
^;-i 6-30
1
8-15
10c
%
7-17
;
.
:
7-31
8-15
7-31
$2%
9- 1
8-20
$3ya
9-1
8-20
ZZ:z:v;zZZzv
preferred' (s-a)
-
8-15
-
•
,
■■
7-11
7-15
U. S. Industrial Alcohol Co.,
U.
8- 1
415c
Paper Co., Ltd., common (quar.)
4$iv2
preferred (quar.)____.
:
;
$1%
Brothers, $6% preferred (quar.)
15c
Safeway Steel Products (irregular)—.Zj—.
m%
Saguenay Power Co., Ltd., 5 Vb % pfd.. (quar.)
St. Lawrence Flour Mills, common (quar.)—
435c
I'M preferred (quar.)-.ui-^..^.Z_Z—.Z—tZ. •
m%
St. Louis County Water, 6% pfd. (quar.)
$1%
Schumacher Wall Board Corp.—r;$2 participating preferred (quar.)—
Z— Z'.; • 50c
Scott Paper Co., $4.50 preferred iquar.)i—
$iy#
yy: $4 preferred
(quar.)_
■
,'
$1
Shawinigan Water & Power (quar,)—..
-423c
—
5
7-15
1' 8- 5
7-31
1
7-15
,8-1
7-20
;
8-1
7-20
8-1
7-18
7-20*
7-15,
6
"
'50c
:
"
9-19
8-15
8-15
•'*6% preferred(quar.)—ZZZ—ZZz———
t60c
North American Investment, 6% preferred-:
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Northern Ontario Power Co., Ltd., common
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$1% Northern RR. of New< Hampshire (quar.)-—"
t$l'/a
Northern States Power (Del.) 6% pfd——:
,t$l%
7 % preferred
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Northwestern Engineering Co. /—v-—
\5%.
preferred
(quar.).
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.
Z 7-30
.
',
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'
7- 6
«-
1
7-15
8-
1
7-17
.
Preferred A
(quar.)
Preferred C
(quar.)
5%
20C
—.——
7-
7-24
.8-
1
8-
1
•
7
7-21
'-'Packard
-
r
7-15
7-15
7-20
7-15
3214c
41c
8-15
1-14-43
-
7-15
8-
1
12-31
8-15
8-5
11-15
2-15-43
7-30
; 7-15
Penman's, Ltd. common (quar.)^.3-2A*i-i6% preferred ;'(quar.)v--fii....^—
Pennsylvania Electric 5.10% pfd. A (quar.)
Pennsylvania Power Co., $5 pfd. (quar.)^
Peoples National Bank (Seattle, Wash.)—
Quarterly
Peterborough RR. (Nashau, N, H.) (s-a)—Pharis Tire & Rubber (irregular)-i.
—
$1.27%
:
4
:
i$iya 4Z8-:-lJ
8-
7-10
9-10
74c
8-
15c
7-22
8-31
8-1
10r 1
10-1
10-1
7-20
6-27
10-15
9-30
.7-20
6-30
15c
7-20
9-15
9-15
-$1%.
-
8- 1
"8-15
9-1
7-
7-23
8-
B, —'—
.", 8Pc preferred (quar.)
;
...—Z———.
7-24
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1
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.
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1-2-43
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12-21
% 8- 1
:
50c
8-15
20%
">8-21..
1
'
100
.
Z
.
15c
10c
^8-1
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7-29
5c
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7-20
;
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9-13
,',.12-15 ,w'12-vA
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tPayable
Canadian funds, tax
•resident tax. 15% ; resident tax, 2% .
dividend.
zz
Non
'
Transacted by R. L. Day &
7-15
7-28
1
9-
July 15;
7- 6
>■
7-22
.:
.
Z
Co., Boston on Wednesday,
ZZZ Z,v'z :'V ZZ,:ZZ >Z' Z'',-'' ',Z,;>
8-
7-31
8-15
11-14
11-10
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8-1
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7-10
1
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7-10
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deductible at the -source,
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in
7-31
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8-22
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7-15
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7-14.
9-15
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.
:-7->8i
:■> 7-14
1
8-15
90c
•
1
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1
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8-1.
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:
8-31
6-17
8-
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.
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9-15
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; $iya
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20%
-
9-21
Explosives
(quar.)
—
V 2yac
' '
8-
EXCHANGE
FOREIGN
RATES
CERTIFIED
BY
yyhri
Stocks
England Power Co., $6 Pfd.
($100
$ per shard'
par)—.—$116!
z 1 %j
Northern Indiana Public Service Co., Common—...-.
Percent)
7-15
Bonds
8-10
:,u
a.:,Z
.!
ZZ-Z^zZi'-Regi::>ZzZZ-^JZi-r-ZZZ«ZZZ^z.Z^-Z--Zz-ZZ-Z^ZiizZZ-. $115 lot!
Tedesco
$1,000
Club
Country
Inc.,
4s,
Feb.,
1985,
Series
$500
Fifth Ave. & 28th St. Corp., Inc., 4s, Jan.,
Z-'Z:'Z Reg. with 5 shares of stock___—______
A
1961,
:
!
i
16% flat'
RESERVE BANK TO TREASURY UNDER TARIFF ACT OF 1930
FEDERAL
'■
*.^lfX
.
Australia, pound—
,
Z
.
,,
'Z'tZ'
:';. official-.^--——
*.
■
Z.ZZ'^-:: iZ;-
10c
7-20
6-30
20C
7-20
6-30
3.215033
j
3.228000
^British),
;051447*
.909090
Z'
3.215033
Zealand,
Z
Uruguay, peso—
.
•
.051447*
.909090
.909090
.900078
.900390
.900546
.569800*
.569800*
.570600*
;900078
Z
Z
.301215
————,
Uncontrolled—
♦Nominal rate.
Z————
.
'
z
\
-
;•
.060580*
-
Z
.205675
:909090
.909090
.
Z
.909090
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,
•
:
3.980000 Z
-
3.227833
3.980000
.
3.227833
3.227833
3.980000
3;980000
3.980000
:
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"
.658300*
.658300*
.527400*
.527400*
.
-
1
.301215
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,
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3.227833
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4.035000
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V
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:V
4.035000
4.035000
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-
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4.035000
f
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3,215033
"
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>
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pound™
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4.035000
v
Official—
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.237044*'
<
•
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'
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rupee———
*
3.228000-
>
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^
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.060580*
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.'
7-22
6-30
ZZ.'. 3.228000
4.035000
*
7-20
.237044*
"J .'•
Z-Z
Official—--
India
1
8-25
July 16
.297733*
.237044*
England, pound sterling—
7-15
10c
.297733*
.237044*
-
,7.-20
125c
Z
"
pesOi_U—L-l-L-Z—ZZiZZZ-
Z
8-
1.297733*
.237044*
3.228000
;
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Colombia,
8-14
8-4
$
3.215033
3.228000
.Official——.—————
9-15
8-31
Z Z
■".; Z
'ZZ ';-
July 15
ZZ'
$
July 14
July 13
$
.051447*
Canada, -dollar—
"•!
'Mexico, peso—
Newfoundland, dollar—^
gc
Z'Z
$z;;Zzz
.060580*
8-1A
$iya
.
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'T. - Official--—-——
5
8- 1
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.237044*
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3.215033
8-14
8-14
July 11
"Z'Z.» VZ
Brazil, milreis—
9-15
.
1942,4NCLUSXVEZZ';.:',;Z;'Z'-'iZ.,..,;:ZzZ;Z
Rate for Cable Transfers in New York
Z/Z-ZZZiZZ:;*: Value In United States Money
Z"'!;. :Z
Z'Z'Zs
.
.297733*
....
7
$1.13
_
7-174
8-1
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Z :-Quarterly.:^i»w-»-*-.—u^ZT-*Z-ZZZr-Z--Z-.'
7-7..
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1
10-
25c
$2
-
7-17;
tOn account of accumulated dividends.
$1%'
:''':Free^Uil'Z«Zz_ZZ-~--Z--Z44-------
7-15
8-15
50c
-
;
7-20
8-1
.
common—
$1%
.
7—15 j j"
■
8-15
$iy«
Z 50o
——
7-10
$
-;
$1% V-9-15.
,
Class
Z
1
8-
.July ig
Z7-: 7
8-15
1
,
8-15
$1%Z
t$l%,
Argentina, peso-—
; 8-15Z
7-23
420c
WW
8-1
$1%
—_
8-
$1%
37 %c
,
I
8-15
Noon Buying
7-18
1
.9-
62%c
.
12-15Z
12-15
-
(s-a)^-J—. ;.Z ..$2.% :,:
...$!%
pfdi (quar,) i
$1%
6% preferred (quar,).—1.6%c
Pressed Steel Car, 5% 1st pfd._^——_.—
v
■
7-24
Country and Monetary Unit
6-30
*$1%
—$iya*
'7% -preferred (quar.)———'.i—"
^
?
JULY 10 TO JULY 16,
7-10
7-21 r
loe
15c
-
:
;
9-15
$2%
-
7-i5i
9-1
7-15!.
,V
17J/ac.
•
—
V
t$i
9-15
75c
Portland RR., 5% guaranteed
Potomac Electric1 Power, 5 Vi%
*.
7
9-15
65c
.
7■
7!
8-15Z
;.65C
7% pfd. ( quar.).
8-1;
43 %0
•
7-
.
1
8-1
37%c
;
Additional
7-8
HOC
(guar^)—L_-—
7-30
10c
(F., W.) .& Co,,rr;' •'- Z''■•.; ■' ':Z.Z: ZZ
Ordinary * registered z.'—_^Z»Z'i.i.vZ:
Amer. .deposit rets, "for ord. <regis,'4.ZZZz-.z;Z Wurlitzer (Rudolph) Co., common-^Yale Ar Tcwne Manufacturing -Co.: (quar,)—
Yuba Consolidated Gold Pields, Inc.
■Zellers," Ltdn ..common (quar.)
;ZZ.? 6% preferred (quar.)—
Zion's Co-operative Mercantile Institution—
Quarterly—
____Z—
7-20
8-
t$l%
■
ZZZ—Z_,
first preferred
Woolworth (F. W.) '
7-15
—™—,
5% 2nd preferred
——
Provincial Transport Co. "(s-a)——ZI———Public Service ..Corp.: Of New Jersey-^$5 preferred
(quar.)__—...J;.—
6%
preferred - (monthly) w,eL «L-»i*.
wkw *»*»«* *
6% preferred .(monthly)Z...—Z
7% preferred (quar.)
......Z——Z.Z:
8% preferred (quar.)
4—
Purolator Products—
:
;
$41/a conv. 1st preferred. !(qua?.)_____
Z
Quaker Oats Co.,.6% preferred".(duar.)Z—Z
Quarterly income. Shares^
.Zj......—.
^Quebec Power Co. (quar.).——...Z——i_—
Railroad Employers Corp., class A—...——.
8-
10c
7-15
•
7-25!.
20c
..
•
-.,7-25!.
8-10
Pursuant to the requirements of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank is now cer-4
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:
7-10
1
8-
-
7-15
■Z
'
8-10
^
1
Extra
:
1
$1,06%
Plymouth Cordage -(quar.-).—————-i—
"Employees stock ■
*
-7-
8-
-
8-1
$iy*;-:
91
10-10
•
7-1
1
10-
Pittsburgh Screw & Bolt———————— Z-
'
7-25
50c
-
Paper & Box Co.,
>
30C
;
37%c
$iy«
9-
Z7-10'
7-10
$1.10
r
10-20
9-25
,-7-25
10c
4
"Extra
7%
■
Z12-17
8-1
f75c
preferred
Triumph
8-17
15c
IOC
.
7-20
9-25
1
7-25
40c 4- 9-10
-
.
1
7-15
10-
,
-
Pollack
8-
9-30
25c
-
Philadelphia Electric common (quar.)——
-4.4-%'- preferred
(quar.)_i.__.i—-^——i—Philadelphia Electric Pwr. 8% pfd. (qua?.).
Plomb Tool Co., common
7-21
1
12-31
t75c
,
(quar;)
—
4
8-1
87yac
•
'r'r Common.; (quar.).-:
Semi-annual—.
9-
$lJ/4
,*
'.'Phelps Dodge"Corp,'.«/
Philadelphia Co., common (quar.)——.
Philip Morris & Co., 4xk% preferred (quar;)
4% % preferred (initial).——————
Phillips-Jones Corp., 7% preferred—i.:—;Pick (Albert) Co., Inc. com. (irregular).—.
Pickle Crow Gold Mines——.———
Pilot Full Fashion Mills, §V%% pfd. (s-a)—.
6^% preferred (s-a) ——
Pitts. Bessemer,& Lake Erie RR., com. (s-a)
Pittsburgh Cine. Chicago & St. Louis Ry.—
8-
.:z7-i8;'
Z 9-19
preferred (1897 series)
Wrigley (Will.)' Jr. & Co." (monthly) ZZ^ZZZZZ:
Wood (Alexander) & James—
9-16
$1%.
(quar.)ZuZZZ-Z1.1'
(quar.)
Timm Aircraft Corp.
(resumed)—1
Toburn Gold Mines, Ltd.
(quar.)
1—
Tonopah Mining Co. of Nevada (resumed)
Trade Bank & Trust Co. (New York (quar.)
Transamerica Corp.
(s-a)
Trinity Universal Insurance Co. (Dallas)
7-15
7-25
8-15
4400
convertible preferred
(reduced s-a)-—
Co.
Shovel,
1Z; 7%
2-5-43
IOC
non-cum.
Products—
6%
7-3!
9-30
$1%
.
11- 5
;
44 175c
$4
Penn Traffic
-
,
1
7-15.
Woolworth
(quar.)..
(quar.)._.
preferred (guar.)
6% % preferred (guar.)
Tacony-Palmyra Bridge, 5% pfd. (quar.)
Texas Gulf Sulphur Co. (quar.)—
Texas Power & Ligbt, 7% preferred (quar.)■,$6 preferred :(quar.)^Z-zZ-^ZZ^Zz--ZzzZZ--Z:
Thatcher Mfg. convertible pfd. (quar.)-ZZ-Z.;
Thew
.
$1.40 class A (quar.),.
f $1.40 class A (quar.)
$1.40 class A (quar.)—
Penn Investment Co. (Phila.)
:
~i
12-1.
$iya
'
7-10*
8-1
Vi,; 7-31
8-15
31%c
*6ya%
>
7-15
8-1
10c
30c
'
Chlorine
Quarterly .:zZZZz^-Z-.Z«zzExtra zzzzz-zz_zzzz-.z-zzz
Wisconsin Electric Power—"
""
'
5%
Sycamore-Hammond Realty—
7-15
i t$l
(The)
8-
1
-.9-
1
'
9-5
preferred
^_-Z-----;
Sun Oil Co., 4% % class A pfd. (quar.)„:
Sun Ray Drug Co., common_
1Z";'1 6% preferred. (quar.)---^.---ZZ-Z-ZZZzZZ-^
Super Mold Corp. (Cal.) (quar.)
7-21.,
:
8- 1
Uc
t ■■
6-;;'5';;
9-15
Acid
$4 second
7-20
Motor :;Car.uJ;---.w.—
Peninsular Telephone—
•
8-1
8-15
interim
t
«- 1
''
-
75c
-parke, Davis & Company_i_——
•Paymaster Consol., Mines, Ltd. (interim.)z*
.
8-15
40c
&
8-
37 %c
,
v
Suburban Electric Securities Co.—z
"•
7-21
•$1%
(quar.)Pacific Lighting Corp. (quar.).X-———-u.—.
Pacific Portland Cement, 6%% preferredPacific Public Service Co., $1.30 pfd. (-quar.)
20C
Phosphate
1
Sterling, Inc., common (resumed).
$1% convertible preferred (guar.).
'
1614c
...
preferred
12-24
Corp. i_Z_.Z2-Z_.zZZiZ-'Z.Z'Z;"'
"Wholesale
Z-z:':7%■ preferred
•
'
;412-28
Steel Co. of Canada common.
'
-
•
Outlet
Silica
preferred
preferred
5%
;•
7-15
■
United filters, Inc., class A (quar.)—
50c
Oppenheimer Collins At Co. (irregular)
$1
Company, common -(quar.).
■-<
■:
7%
1st .-preferred" (quar.)
$1%;
45% 2nd preferred (quar.).;
;
V';;':; $1%
Pacific -Finance Corp. of California— :
5%
7 .-15
:
8- 1
50c
Oliver
t$l%
pfd. "(quar.)—
Stecher-Traung Lithograph—
9-21
Z 7-23
20c
$iya'
(quar.)
9-25
(quar;) Z———zZ————Z-JZ—.Z.-
Stanley Works
7-15,
•
Oilstocks, Ltd.
■
7-16
Standard
25c
$1%
————
.Z--
6-30
Standard
.'Works
z*7-l4Z
„'8-i
7-23
6-30
; 7-15..
1
,
r?iZ'"7 %' -preferred1' ;ZZZ.^—ZZ—.ZZZ.ZUZ.-Z^Z-Z1':i
12-21:
9-10
$1%
Winsted Hosiery <?o. (qUar.)—Z—Z———
—
-
,9-20
12-10
—
1:
10- 1
.6-30. 1
7-30
9-
Z 7-30
7-16
10-
40c
(quar.).
9-15
t$l%
7-31
I
7-15
;Z 75c
7%
8-
8-1
1
8-
1-1-43
$1%
,
(quar.)—
(N. J.)
Standard National Corp.
7-20
-
7-20
$li/4
475c
9-10
$1%
ZZ: $4.50 *pfd'. (quar;)—
;
; '
White Sewing Machine Corp., $2 prior pref.
$4 :convertible. preference—
Wilson & Company, $6 preferred———
Wilson Line, Inc. 5% 1st pfd.
(s-a)zZZZZZZZ";:
pfd.—ZZ_Z.
Standard Fire Insurance
.6-30
7-20
•
8-15
$>/8
(interim) ___Zi_Zi.i-
6-30
7-25
•«-
(quar.)— vZZ.", 20c
:
$1%
Chemical Co.
7-25
—
Northwestern States Porti'd Cement
Standard
6-30
7-20
':
Nunn-Bush Shoe Co., common
z
12-29,
9-15
10-1
.
$1.20
.
Z'9-28
10-1
i-1-43
62Vac
..
——
Westvaco
7-20
120c
-preferred (quar.).—
Spiegel, Inc., $4.50 conv. pfd. (quar.)
Squibb (E. R.) & Sons—
'
Z $5 -preferred, series A (quar.)iZiiZ-ZZZZZZfZ
,
6-30
7-20
4.8%
•
7-10
:,;^-i4
10-1
—.
;
8-15
Ltd.—
(quar.), —Z——a—,
7-20
62%c
(auar.)___^.„_—.—'
Light, common (quar.)—
preferred
....
'8-15
"
•
7-21.
.
Power Co.,
Ul-30*';
*
,
....
Southern Indiana Gas & Electric Co.—
7-31
8- 1
Canada
Common
8-31
8-19
$2% :
$1
$iya
,
Southern
; 11-,2
11-16 t 11- 2.
12-19
.
'.;,8-1
90c
—
7-21
8-'21
,
11-16
.8-31*!
J^-15*|
1
75c
••.(quaf.JZ^Zs.-.iZ.ZZ^Z^-.Z1'
•;
7-18
-
50c
prior preferred
prior preferred
Washington Gas
;
$4.50 preferred (quar.)
$5 preferred (initial quar,)
—^
Wayne Screw Products Co. (irregular)
Wellman Engineering ZZ-ZZ^ZvZWest Michigan Steel Foundry—
$1.75 convertible.preferred (quar.)—
■;77c preferred (quar.).-—
West Penn Electric 67c pfd. (quar.)—.
v
77c preferred (quar.)
Weston (George) Ltd". 5% pfd. (quar.)—z
-
,
9-19
75c
:: -M7 % ;preferred1 (quar, jZzZZZi-ZZ-ZZZ-iZ-zZ;
Z 6-30
1
,
5%
5%
„Z;"; .7%
7-
8-
t$2
.
Vertientes-Camaguay Sugar Co. Z-ZZZZz—Z '
Victor-Monaghan Co., 6% pfd. (quar.)_
Z
Vulcan Detinning Co., common—
—-u- »
7-24
■,
4-10
7-20
Utica Knitting Co.—
7-20*
'
Common (Canada) (interim) ——Z
I use; 4 8- 1
7-15- !
Z 8- 1
$6 pfd. (quar.) "Zv-c $iya
130c
Sigma Mines (Quebec)* (interim) i'w.^s4-a
7-14
Z 7-25
8-1
13%c
pfd. (quar.)——
S'lbak Premier Mines iLtd
7-25
•;Zr; 44c
7-15
8- 1 j
$1.18%;
4%% preferred (quar.)«
y 8-1
t$l%
Simpson's, Ltd,, 6'/a % preferred (aCcum.)Z.
7-16
a 8- 1Newberry (J. J.) Realty, 6% pfd. B (quar.) ■;,vi $iya
Smith Agricultural Chemical 6% pfd. (quar.)
.8-1
$ m\
7-16*
■$i5/«- ; 8-1
€%% A preferred (quar.)——————ziZ
Common (irregular) Z——Z.Z-—-ZZZ—Z.Z
$1
8- 1
Newport News Shipbuilding & Dry Dock Co.—
?•
9-1
Southeastern Greyhound Lines, com. (quar.)
37yac
7-15
«- 1
Jv- $iy4
$5 convertible preferred (quar.)
6% convertible preferred (quar.)._Z—
' V 30c- •4 9- 1
' 7-15
8- 1
New York Air Brake Co.-.——.-—*Z.ZZ; ,z,z; 50c
30c
9- 1
I " 6% non-cum. preferred (quar.)
8-- l Zi> 7-20
20c
New York Merchandise Co., Inc.————
9- 1
:;
6% 2nd preferred (quar.)
$iya;
8- 1
V; 7-15
$lVi
Niagara Hudson Power, 5% 1st pfd. (quar.)
Southern California Edison Co., Ltd.—
7-15
8- 1 $1%
-.5% 2nd preferred series A (quar.)—.
;
Common (quar.) ^ZZ-Ziii.—....ZiZ.Z..—Z
3V/iC
8-15
1
7-15
$l«/4
>-8^
5% 2nd preferred series B .(quar JZzZzZ <
;7-20 !
"
$1
6 % preferred
(quar. J-w-z—ZzZZ-wm^6% preferred '(quar.Z-Z.,——'•
Upressit Metal Cap; 8% preferred-;
Utica 'Clinton & Binghamtph RR. Co. (irreg.)
8-5
National Tea Co., 5%%
»-15v
1
30c
•
v
of Canada—
Sherwin-Williams Co.
8-
20c
(quar.)_,
Vapor Car Heating Co., I'M pref. (quar;)ZZ.
7% preferred (qUar.)^Zi.-._-»^ZZ—^——«
;
''''7-15
"■'Z'8-15;'-*
68%c
.
8-1
1
1
10-1
%c
50c
,i—-Z';
8-15
8-25
•
8-15 4
'9-15 -
9-
58%C
.;
Co'rpi^^zZZj-Z-ZZZ^Z-'.
8-
,
„
"
8-
58730
58
Universal Leaf Tobacco,, common (quar.)ZZ- "*•
Upper Michigan Power & Light—
Z
1
National Power & Light Co.
Nineteen Hundred Corp., class A (quar.)
Class A(quarterly)——
Norfolk & Western Ry. com.- (quar,)———
:z Adjustment preferred
(quar.)—————
Norma-Hoffman Bearings r'Ctorp,-'ZZ.>Z.,Z.ZZ/
^.ZZ
U. S. Plywood;
'7-15
Neisner Bros.,
'
Quarterly
::
8-20
;V':' 8- 1
10* 1
25c
7-10
8-15
: 9-1
53c
B-1S
•^-15
ZJ-''7-15
1
50c
1 ;
•
.8-
,
1
53c
(quar.)Z.—-Z„Z-
8-
'
9-1
10*
50c
53c '
,
;':7-I5j
;8-. 1
"50c
.
Pipe & Foundry Co, (quar.)—
9-
8-
-7-21j
'''
S.
8-15
—
1
'
7-10
1
s'-7-21 i.
1
50c
-
—,
7-6*
8-
8-
7-31'
'
6.36 %
7-20
Z 4-20
I5C
10c
prior preferred, (monthly.)
—j—
prior px*eferred (monthly)„Z—„—wZ—
8-1
8-15
'
Z-.Z-—■
——
8-1
13c
7-31
.
■
•6%
6-30
;
B
Roos
7-22"
10-20.
8-
10c
(s-a)—-.— '■&
7-15
25c
(quar.).—V
Rolland
7-15»
8-1
10-30
Class
■.
15c
Light & Power! (quar.)...i:^c.ZZ.Z
Rockland
10-17
II-
M7-15''
•
7-15
8-
7-20
*
8-15
prior preferred (monthly)—
Z' 6.36% prior preferred (monthly),
ZZ-Z6.36% prior preferred (monthly )ZZw—-.
7% prior preferred .(monthly)—
1% prior preferred (monthly).,
Z
1 7% prior preferred (monthly
D. S. Hoffman Machinery Corp.-Z- :
5ya% convertible preferred (quar,)—.
;U. s. Holding
Z-_Z—Z„^—.;
7-10
7-10
9-1
preferred
*38C
6%
7-10
1
25c
7-18
10c
(s-a)
1
1
37V2C
converUbfe
$1.50
/
'•7-10
6%
8-
60c
7-31!!
(quar.),z—.
Oil of California
•$iya
1>:Z
10-17-
8-1
si'/a
r
Y.) (quar.)__—
Co., $6 1st pfd. (quar.).^
'
:!
6
8-15
,
8-
1
8-
-4-15,,
8-10
.■■■'
*
8-1
25c
6-30
1
8-15
Missouri—
United Light & Railways Co. (Del.)—
6% prior preferred (monthly)
,
13 %c
9-18
$1%
$iV4
:
8-15
12^ 1
4400
,
1
United Corporation, Ltd., $1.50 class A (quar.)
United Drill & Tool Corp, class A (quar.)—
7-15
7-11
7-20
'■^:Extra:''-w—
'
9-17
of
Co.
7-211
10-
5c
preferred (quar.),
preferred (quar.)L__Z
5%
7-15'
8-15
35c
common
Service, $5 pfd.
10- 8
Electric
1
$iya
:
$4.50
;
8- 1
8-29
1
J40c
(quar.)'
preferred
8-20
8-1
8- 1
9-
35c
(quar.)
(initial)—
National Investors Corp. (Md.)
i
National Lead Co., 6% pfd. B (quar.)—-—
National Liberty Insurance Co. of Amer. (s-a)
$7
7-16
9rl0
,
"go
—~-z——zz—'zz
National Linen
8-13
50c
(quar.)_..._.__'_^___.Z._
preferred A
9-15
.
'
National Paper Si Type Co.—
Union
7-31
25C
15c
'
Ltd.,
7-20
75c
8-
50c
—
500
;
7:
11-10
1
8-31
(quar.)_ >,'Z: $1%
-
Grocers,
7-20
'
..
Class B
7-20
7-31
*
12-
15C
-
National
7-31
6% 'preferred'1
7-15
;
9-1
56y»c
50c
National Bronze ^/'Aluminum Fdy.^--^**JIOC
National Brush Co. (quar.)
50C
National City Bank (N. Y.)
(s-a)—
—*ZZ
25c
National City Lines, common tquar.)-——/ ;v' Class
A,,; 'tquar.) ,z—ZZ-Z-—U-Z-Z. "Z;f, 50c
50c
■'Class A (quar.)—
•'
75c
$3 convertible preference (quar.)——.
;'75c"
!$3 conv, preferred (quar.)—ZZ
50c
National Distillers Products Corp. (quar.)—.
-'2C""
National Elec. Welding machine Co. (quar.)
National Funding Corp., class A
25c
25C
■*
.
'
of Bed.
Payable
Corp.
,
150
B"(quar.).uZZ^Z
;^Z
Revere Copper & Brass, blU% pfd. (quar.).
$1.31'/i
7%. preferred (quar.)__.—..Z———.i;.
$1%
7% preferred (clears all arrears)-.—— *
t$33»/4
Rhode Island Public Service class A (quar.) j.
$1
;
50c
;;
$2 preferred (quar.)„L__--__.-_—____.
9-17
12-28
Z,;:-l5C'-;.
(quar.)
-
Quarterly
7-24
..
6-30
7-20
$1%
$1 v%
-
6% preferredZquar.)————
National Biscuit Co., 7% preferred
•
1
12-31
.
8-1
(Chicago)—
•Quarterly ■;
Z--.—:
Z
;
Tyer Rubber Co., 6% preferred (quar.)
...
Udylite Corporation
Z^—
,
Narragansett Electric 4ya %
f
40-
1
I-2-43
Z;>,Z::5 Oc
■
National Automotive Fibres 6% pref.
7-20
8-1
Extra
<;!■.
Holders
$5
7-24
208 South La Salle Street
When
share
(s-a»__^—
8-1
$1%
$3 preferred (quar.)i.^
...Z.—.——*
Reading Co. common (quar.).^...-,..-..,
4 % non-cum. 1st .preferred (quar.)
2nd preferred (quar.)
Reed (C. A.) $2 pfd. A
...i....
Regent Knitting Mills, Ltd., common..—..;
$1.60 non-cumulative preferred (quar.)—
$1.60 non-cumulative preferred (quar.)—
Reliance Mfg., Co. (Illinois), common..
Republic Drill & Tool, conv. pfd;_.—Z.^.Z.
Convertible preferred
(initial) _.Z.-—^~Z. /
Republic Investors Fund—
<
;••
Z
6-30
7-30
Troy & Bennington RR.
preferred A (quar.)Z,—,————
Raymond Concrete Pile, common (quar.)...
.
Name of Company
of Reo,
15c
6%
8-26
Payable
share
Per
(Del.)—-
—
-7-13
10-
,
.
1
8-1
...
:•€% preferred (quar.)
6% 'preferred''(quar.")
10-15
9-
■-
»•.
*7-15
11-1
-
■\ .-'.Quarterly
—————■
Mutual Chemical Co, of America—
VV
<
'
1
8-
2 ViC
(guar.)
2 Vic
participating (quar.)——
:
34% c
Monroe Loan Society; 5%% pfd. (quar.)-,.—
$lVa
Montana Power $6 pfd. (quar.)—.———.
Montreal Light, Heat & Power, cons, (quar1.)
J380
$iya
Moore Drop Forging, Class A (quar.)_.—
Moore (W, R.) Dry Goods Co. (quar,)— ;
$v/»
Z
$ 1V21
Quarterly
-.z.———.—
50c
Morrell (John) ir Co.——_'—-Z—
Z37V2C
Mountain States Power, common (quar.,)-—,
62y2c
SVo preferred (quar.)————_——
Mount Diablo Oil Mng. & Devel. Co. tquar.) ,Z. ■.•Mft'25c
Munising Paper, 5% 1st pfd. (quar.)
—
50c
Mutual Bank & Trust Co. (St. Louis)(quar.)
♦
Name 0/ Company
Railway & Light Securities Co,
Common (interim)
Page 209)
(Continued from
Moline Pressed Steel, class A partic.
Holdert
When
Per
Holders
share
Name of Company
When
.•Z.
3.227833
3.980000,
.658300*.
.658300*.
>658300*
.527400*
.527400*
.527400*
-^i
u-^rH^.'<^i>»-V*>A»\W) jWAf-J^^
^
VimmUiw
S*WWM I »b
u
♦*< »ww *\
& tiHi i v,w«i mW'few
/
*
THE COMMERCIAL & FINANCIAL CHRONICLE
246
"
•
■
•
.
•
•
General
PUBLIC UTILITY
Income—divs.
"Interest
securities
Miscellaneous
$581,071
$498,761
$431,557
16,228
23,829
37,855
.
)
income
income
General
expenses
Int.,on
collateral
and
bonds
Provision
taxes
Net Income
Consol.
-
■_
$470,476
85,691
99,586
111,253
67,321
198,657
198,905
*16,921
___
$301,208
bal. of
of
4,141,686
$4,439,577
$4,063,717
$3,928,826
224,981
149,985
5,705
earned
business July 9,
Comparative
stock
common
the
''/•'•/■■'•••:>•/>/!
Sheet
Accrued
interest
and
5,497)990
69,-990
500;625
18,690
dividends
subsidiary,
at cost___»^_
lOOjOOO
Collateral
$586,311
The
1940
45,421
.
$359,017
-
$2,963,112
461,406
$2,775,245
345,981
359,017
4%
bonds,
due
1947
4%
bonds,
due
1948.
1,375,500
$1,256,000
1,375,500
Ten-year 4y4.%
debentures, due
1946
6,883,500
payable
for
securities
$1,241,500
purchased,
112,343
t3,163
Accrued
interest, including
unclaimed
for
Reserves
.158,622
...
taxes
and
expenses...—
$3,312,175
$3,137,42c
'contingencies-.-:
(1,463,400 no par shares)
Capital
122,487
Earned
Total
*
Market
net
assets
Northern
&
Amount Available lor Interest for
193,626
122,596
the
of
of
series
class
A
138,458
$2,805,341
corporation,
based
June 30,
on
the First Five Months of .1942
January
/Tasb
-•
19'42
1941
47,310
May
.
as
/V,;;,.—
approximate
charges over four
for
times
'the
v
1500.
p.
first
five
months
/,'V-:■:/.!./!,'>
'/'
-'-'/v/:'/■'./.
A
25
dividend
of
10
$1, on July
cents
cents
per .share
1 to holders, of
paid
was
record
June
share paid on Dec. 27, 1941.
1939.
/ -.V
per
the
on
20.
■}
Its *first report
the
agreement
Missouri
between
Pacific
March
1,
extension
The
Co.,
under ',the
Terminal
The previous payment
from
Provision
was
subject
decision, adverse to
a
of
5s
holders
Shares
Inc.
certain
1950,
stock,
of -such
bonds
"the
and
by
bond
for
Issues
Missouri
argument
have
Pacific
The report
in
agreed
—V.
for
agreement.
the
on
5s .of
there
year
to
the
fulfillment
of
Trustees
extension
of
certain
that
as
of
the
/v"/:
.•
1950 shows
tingent
tional
and
$50,000
bonds
of
of
held
in
to
the
Chesapeake
&
$9,820,903
Lake Erie;
of
$1,956,239,
dunds
Ry
Shares
1944.
Cash
of
bonds.—V.
$787,300,
155,
and
other
,
.
dividends),
series of
class
86,870
1936,
$2.75
cumulative
155, .p. 1401.
and 88,870 in
$1),
outstanding,
1942
in
stock
B
product
1
•.■
of
May
■.
15 .there
Coal
and
5V2%
&
Prop,
(par
1941
(entitled on
shares
2,901,940
secured
20-year
gold motes,
The
larger
the
on
allocated
and
income
for
5s
5'/2s;
$85,000
account
sum
.of
1950
purchase
in
of
the
1944
on
1942—3 Mos.—1941
•
The
New
notice
of
York
shares
■;-/./
.
Operating income
Dther income
'!• ' !/•■;Vv
4,652 ;
22,525
•
Exchange has
5%
preferred
issuance in
connection with
and certain assets of The Bon
Marche
amount
The
applied for 243,035 shares.
Bon
department
Marche
store
Dry
doing
Federal
Other
(net)—__
'148>655
L
$4,293,663
to
public
(net)
have
declared
>/
.
& deduc.
$4,217,052 $16,921,127 $15,382,066
' /
496,593
1,905,329
2,026,396
.
460,576
—
—
$3,833,087
532,766
to
divs.
public
$3,720,459 $15,015,798 $13,355,670
512,914
2,041,238
2,061,974
$3,300,321
Balance
c°-
shares
Go.
and
Allied
the
acquisition
of
the
official
Other
•■•'i
$3,207,545 $12,974,560.$11,293,696
/ •
/
: Drl7,232
Drl36,729
> 298,488
adj. on working
capital (net)—Z>r31,107
in
:
(Mass.)
owned
and
operated
a
retail
18,571
to min. int.
_____1
213,367'
26,868
t
$3,163,445 $12,624,464 $llr422,476
$3,250,643
Foreign Power *Co., Inc.—
• .(.v,/,;-'"j- ■*'.
Net equity of company
''.v.;./-:.-—.x(as above)
$3,250,643 $3,163,445 $12,624,464 $11,422,476
Other income
110,160
164,582
712,380
659,314
Stores
(to be issued
on
Co., the
or
to
the
retail
former, in consid¬
1, 1942) of the
before Oct.
department
store
$3,328,027 $13,336,844 $12,081,790
;
'
308,026
1,879,529
931,359
$3,360,803
charges,
-;
appl.
23,
the
theretofore
to
to
-
413,511
.
■&
1,358,622
-
revenues.
;//, ';>$.'.
..»>
,
s
10,720,240
8,834,439
36,016,802
37,876,344
43,409
134,412
110,552
8,877,848
36,151,214
37,986,896
-3,944,188
15,797,005
15,764,000
4,933,660
$,598,435
(net)!/.,
to
;
•
2,217,512
10,048,985
'/:v..■■:>
/■■•
2,851,159
11,334,314
20,354,209
22,222,896
7,171,742
7,171,742
J2.954.452
..
;
,
/.
44,599
8,643,034 ;
9,942,454
..
public &
Balance
fPfd.
divs.
to
public—
applic.
to
Net
;
1,792,936
min.
>,039
■,
•:
.
.4,637,760
.1,792,935
of
equity
of
co.
>
; /
13,503
46,833
54,164
13,135,634
14,996,990
■>
in
subsids.!/
2,835,786
3,127,221
Amer. Pow. & Lv.Co*.—
Net
?•
equity of co. »in inc.
of subsids. :(as ;above)
>,835,786;
/
3,127,221
;
19,891
>,855,677
.Total
,
Federal taxes
Other
takes
13,135,634
.
13,362
14,996,990
65,613
•
.
Int. ■&
v
rfiTi*{Ari
earned
earned
or
111,080
72,124
>.
,
■
•
121,136
*
397,702
*
-
j $,182
>>346,263;
! 20.515 :
707,116
f.
705,617
in "rrtYvqnl
13,201,247
112,846
;4,799 [
other deductions
"RaI
r
3,140,583
69,610 M
:!!!_!
•
2.83 L882
.291,744
-
f,
324,183
22,652
2,833,623
"'I-;i"
1
•'
$5>069,1M
1,964,571
2,193,303
-9,604,885
11,586,912
requirements applicable,to respective ;periods whether
surplus
____
unearned.
:
,,
Comparative
Income
Period End. Dec. 31*~
from
Account
[Company Only] '
1941-4-12 Mos)
$3,823,154 $10,551,541 $11
*13,362
.65,613
1941—3 Mos.—1940.,
$2,757,817
subsids.__
Other
19,891
.
-
1427,321
5,606,500
$,775,266
$5,850,815
$5,375,465
*
Total
$2,777,708
j
111,080
Expenses.
dividend
or
$1,588,670
requirements
unearned,
In income nf subsidiaries
currency).
-
„
,
amort,
Balance
whether earned
per
.,
approp—
income
interest
Income
$3,020,001 $11,457,315 $11,150>431
$2,247,292
of debt disc,* & exp,—
♦Full
five -cents
27,640,280 114,835,684 108,221,998
10,534,594
44,929,686
41,862,950
.-3,202,576
12,505,897
7,820,010
.2,227,688
retirement
,
Int.
deductions
public &
of
.
incl. 'taxes
Balance
dividend
$ '
4,144,720
income
Portion
169,708
&
-etc.,
47t035
$3,190,313 $12,837,831 $11,592,184
——$3,269,214
equity
Amer.
Int.
$0.55
[Including Subsidiaries)
11,845,558
'res.
Gross
Net
business
Dry Goods-Co., making the total
merchandising business in
agreement dated May 1, 1942, between Bon
and
-extra
$
Expenses
tNet
Exps.,
70,505
vC,
■
-
lalo^K61^! *,toik of ^he latter and a cash payment (made on May
tiuJ •and
la"er of ®100,287. transferred to 'the latter as .of
interest
an
/ 29,770,853
income
Balance
Exch.
Total
on
26,560
*93,300
>-.1941—3:Mos.-^1940>; //1941—12 Mos. 1940 [
"■
taxes
deplet,
Interests
*Pfd.
\
},T>Y
deductions,.—,'4,005,274
Int.
\
1941
J
$640,516
,
$0.23
expenses
/ Net operat,
account
listing of 3,150
t
"■V.'U
revenues
♦Full dividend
(cumulative)
his ./:>
,
1942
•
,
outstanding
share
taxes
Property
20,991
.
$4,119,256 $16,111,892 $14,538,783
97,796 809,235
.
843,283
$4,145,008
—
.Gross income
& mother
general
an
?
eration of 3,150
Goods
a
authorized the
stock
use
the
,
common
directors
Operating
Operating
•
6,156
—
Portion app.
Corp.—Listing—Acquisition—
of
may
$4,123,908 .$16,134,417 $14,559,774
$4,151,164
plants
on
Stock
also
cans
74."
4 $371,432
Period End. Dec. 31— "■>.
1942—12 Mos.—1941
.
additional
p.
April 1 and Oct. "1/1941 and 1940.—V. 155, p. 818.
••
Rent for lease of
Balance
the 6%
cumulative pref. A stock, to holders
of
July 10.
A similar distribution was made
>on March
16, last.
Payments in 1941 were as follows:
July 14, $2, and Dec. 1, $4.
Ac¬
cruals at April 1,
1942, it is stated, were $19 per share.—V.
155,
/the
uses
156,
$1,592,480
applicable
to
the
-respective
tOf American & Foreign
periods
Power-Co., Inc.
Federal taxes
Other
Int.
&
taxes
other
(not all of which is available in United States
Net income
$3,836,516 $1Q;617,154 $11,,950,9^9
112,846
397,702
291,744
4,799
.6,182
705,617
707,116
346,263
20,515
2,331,882
2,833,623
$1,886,602
$2,889,236
$7,020,792
$8,468,"737
)
—
deductions
:
69,610
121,136
/
actua)
74:7[■%'
American Insurance Co., Newark, N. J.—Extra Div.-r
was
includes
industry
that
is
out¬
revenues.
(net)
,
entire
shares.
preferred; $4 shares,of
Missouri (Pacific
the
td
development
American Power & Light Co.—Annual Report-^,:
Net .oper. revenues
-
192,992
record
Allied Stores
which
new
share in addition''to the regular semi-annual dividend of 25 cents
per
on
the common stock, par $2.50, both
payable Oct. 1 to holders
of record Sept. 3.
Like amounts were paid on April 1, last, and on
-
139,788 shares of Chesa¬
Navigation .Co.; 271,326
23,879
actually held in the
$329,912
Included
on July 14 paid a dividend of $2 per share
accumulations
available
this
share
$15,070,871 $14,135,936 $60,169,773 $55,389,836
exp., incl. taxes.
9,675,538 : 8,692,545
38,697,131
35.529,189
retire, res. appro.
1,244,169
1,319,483
5,338,225
5,300,873
Oper.
were
Alliance Investment Corp.—$2 Accrued
Dividend—
_The company
of
....
Other income
of
merit
155, p. 2090.
The
.
.Subsidiaries—
Shares-
^
..
«
Alleghany
2363.
p.
be made
thoroughly tried and perfected through
of
Netincorae,after all charges and taxes...,.—.
the
quotations,
dividend
optional
Operating
$1,528,000 of the .con¬
bonds, and $315,000 addi¬
V
common;
Lehigh
common
and '.deposited cash was $712.
aside.-for interest due Get. 1
set
amount
of
ofa
Common .shares
1942 and $11,591,314 in
Feriod End. Mar. 31—
conditions
Terminal
1950 tbonds
the
$11,152,000 of
Terminal
Alleghany 5s of
for
Ohio
Corp.; 3,924 shares
shares of Missouri .Pacific
factor
Subsidiaries—
canceled
changes.
collateral
peake
Wheeling
and
lixed Interest
the
consented
Securities
shares
acquired
were
will
has been
-A
Earnings per
American & Foreign Power Co., Inc. (& Subs.)—Earns.
outstanding $14,552,000 of the contingent interest bonds and $4,858,000
of the fixed interest bonds.
Since the indenture changes were made
last
it
Consolidated Income Account
Chicago,
September.
to
sales
Missouri
Burlington & Quincy in the
ever
the
latter's
claim
of
the
right to condemn North
Kansas Cuy properties involved in the sale.
Appeals 4n this case are
scheduled
30
June
on
standing;
that
method
new
as
/..J. $26,367,464 $27,960,200
accrued
in
trustee
properties
8,108,265
3,100,211
redemption to $52.50 per share and in liquidation to $50 per share and
reveals
expiration .date of March 1,< 1942,
also
was
made
for
possible further
-/;
cagreement
including
to
the
,p. 2002.
t
3 Months.Ended March 31—•
'Net
11,707,683
2,467,662
aggregate market price was
1941.
/
ISerial xlass A stock, par $25; convertible optional dividend series,
$3 cumulative (entitled on redemption or in liquidation to $55' pe?
share and accrued dividends)—outstanding,
119,383 shares; class A
was
^
its
1944.
to
for
purchase ^of
extended
1943.
trustee
Barkley Act
for
RR
Pacific has .been
/ to
Trust
'8,058,265
"Based
Alleghany Corp.—Trustee Makes Initial Report—
Midland
180,000
11,723,683
surplus.
$6,918,042 in
with
10% .in stock..in
'Marine
26,116
109,273
surplus
Total
stock,
compares
shipbuilding activities.—V, 155,
American Insulator Corp. of Del.—-Earnings—*
—V.
common
This
4;825,000
.r28,913
—
tCapital
Capital
155,
Albers "Super Markets, Inc.—^-10-Cent Dividend—
par
3,970,000
secured.
contingencies
Earned
alone.—W.
greatly
existing packaging machinery.—V.
12,924
•
for
Reserve
plan full year's interest on the new bonds
$50;000, therefore the road has earned its interest
will
to .banks,
payable
9,658
accrued expenses...
Provision '4ov Federal (income .taxes..!-—.-.-
$204,939
Under the reorganization
;
1941, to and including May 1, 1942.
.
President,, stated that the current dividend
increased demands on cash of the .company in
Jr.,
Liabilities—
Notes
Total
soon
production.
.33,034
.
$26,367,454 $27,960,200
Accounts payable and
58r487
...
This
from Aug. 1
**
ers.This
63^291
23,731
.
Total
'
quarterly
a
dividend of 15 cents
stock, par $5, payable Aug. 1 to holders of
compares with quarterly dividends of 25 cents
with its naval
manufacturer
50,028
declared
4 . "
months of experimentation this ;company has deevloped,
is, announced, a revolutionary method for -the making of cans with
fiber, bodies on machines used for the manufacture of metal contain¬
$26,311,234 $27,863,875
receivable
the
10
After many
■
.
v*
%
accounts
July
it
.32,488
and
4.181
725,000
,.$524,070,315
Calhoun,
Metal—
26,659
March
'/'•
i
liabilities..!
American Can Co.—New Fibre Container To Replace
equivalent to $14.70 per share of both
outstanding, after .deducting shares
■.
Dividends
$22,455
February
Patrick
»
market
1942,
•
■'■/'■'/•!
Assets—
investments
87,96$
1,045,564
common
July 20.
per share paid
connection
held dn the treasury.
Corp.—
2,480,000
35,000,000
subsidiaries
on
the
on
$2,646,922
/ Balance Sheet, .June 30
Railroad
9,920,000
14, 1935
30.857,703
directors
share
record
251,232
203155
preferred stock
r
Tennessee
J
V,.89,369
.
prices, amounted .to $3,032,260,
30;
.
Alabama,
'
,
$37,617,193 $41,655,083
1942, $5,202,894; Dec. 31, 1941, $500,312.
1942, $16,514,610; Dec. 31, 1941, $2i,231,505.—
June
value,
tMarket value, June 30,
V. 155, p. '1593.
stk.,
/Balance June 30—— $2,467,662 $3,100,211
•"Including yvhoHy downed subsidiary. tProfit.
The
50,000,000
1941—Banks
.-0.451
reflected
4,244,253
2030_!!_
16,
Co..
contingency preserve
The
stack
A
Sept.
Share
American Barge Line Co.—Dividend Decreased—
series..
div.
.class
and
—v.°ia55, Essis:
.
1,463,400
26,062,014
surplus
_______________________
cl. A
conv.
on
notes—dated
Bond
surplus
per
opt. div. ser. of 1936-
127,178
1,463,400
21,916,350
4,325,975
surplus
on
Divs.
serial
Special
$3,101,303
1940*1939
709,780
$2^67,662
^optional
157,825
33,514
•
42,018
stock
Common
Divs.
matured
interest
.$524,070,315
(no
18,814
invest...
Total
251,894
58,971
6,571,854
>-'/>
stock
Earned
$2,780,837
311,658
net
Write-down .of
not
87,842 /
Accrued
securities,
1,934,550
'.Others
6,883,500
Amount
trust
.
201,740
divs.
accounts;
Miscellaneous
current
1
1941
'
.105,204
and
Accounts ..payable:
;•
1942
$2,977,021
——
subsidiariesj^i-.^iL:w^-iU_-!C.-.^-i-.
Notes payable—Elec iBond & Share Co.—dated Feb.
$311,658
;
"
*
and
'
Electric
sale .of
.on
$2,741,285
v '"
■
'
>
5,775,266
,
Accrued
145,560
1—
Jan.
realized
$4,041,921
par)..,..
debentures, ,5% : series due
Gold
Surplus and Undistributed Profits Account
Net income JEor period—
Loss
$379,966
Total
3%
"
'
securities
Liabilities—
<
-7,900
$461,406
7
$1,053,414
194$
931,359
»
1
receivable—subsidiaries_!__//__./l.::.__
Other ..current ;;assets_____!___!_>____!_/>__;.!..____;.,___..
Deferred charges—unamortized .debt discount &' expense..
''
$345,981
'.-f
,5,606,500
Balance Sheet March 31,
receivable!
Interest
,62,284
,
1,879,529
.
,
.62,278
16,4.00;
308,026
;
>,1,427,521
.Others!.-.
$451,543
57,877
413,511"
1,358,622
-
Accounts
);// 7,423
.55,567.
3
>\
Capital
45,101
.
659,314 ;,
>\>' ''/'>/• V-".'"advances—subsiUiartesr"etc.--__$506,635,875
Cash-in banks—on demand: United States
currency__~/„_
8,516,139
,; Foreign currencies at current rates -nf'.exeliange_____..__
45,981
*1939
»
$8,788,590
712,380
Assets— >
.by
$469,723
7,816
44,483
19,000
-
::
.164,582 ;,
debt
expense!/
surplU6_____
Investment
Bon
/7,728
3,984
taxes.:—
Earned
Collateral trust
'
$462,718
,6 Months Ended June 30—•
$37,617,193 $41,855,083
>
'
•1941
!
(excl. of re-
inc.
100,000
■
that
&
•
i
Net
37,450,805
;
..
is
of
umort.
Balance
•50,721
30,676,013
.....
Liabilities—
is. guaranteed
Mos.—1941"
1942—12
$10,815,570
$2,825,547 ' $2,115,513 $11,527,950
$9,447,910
; > ;>•••' >'>/:'.//•'' •■■ •'.> •'j
;
discount
'
Power.Co.,• 'Inc.
$1,950,931
/HQ, 160
Int. ;&
of Allied Stores .Corp.. will
1942
-
i
.expenses
for inc.
Pxov.
Balance
Total
forthwith
were
department store formerly operated -by: The
.Goods Co. in Lowell, Mass.—*V. 456, p. 74.
>;
suits of sales of sec.)
tOther securities, at cost-
The please
owned subsidiary
Interest
14,603
at tcost______________
conditions
49,270
Operating
$3,738,330
Amount receivable for securities *5old, -not deliv.
Investment
in
Adamex
Securities
.Corp.,
a
wholly-owned
and
Cash divs., int., etc
Franchise, etc., taxes.__
Dec. 31,'41
; $1,554,509
Govt. iObligations,
Corp.
corporation
The result of -these transactions
Corp,
>6 Mos. Ended June 30—
•
S.
new
Foreign
$2,715,387
Total
■
of
>/';;'>V'H
June 30, *42
a
&
1942—3 Mos.~1941
etc.,
charges, ;
~ ■ incl. taxes 4-—;>
,
Allied -Stores
Inc.,
American
;•
subs.
Exps.,
American Cities Power & Li^ht Corp.—Interim Report
-
close
/v/V
Consolidated Balance
Cash
*U.
at
' /
1942, was $10.06.
Assets—
•
of
-was
taxes for
,
share
terms
same
Stores
Marche Dry
Bon
$3,778,841
provision has been made for possible Federal income
years 1941 and 1940.
The net asset value per
transferred
so
•
amount of $100,288.
Inc., as a 100%
continue to operate the
the
<
by
Marche,
Marche,
$3,838,736
assets
from
•VjOther
Stores
the
upon
Allied
$4,214,380
the
Account
Period End. Mar. 31—
.
In connection with the acquisition
Corp. '.of the assets ,of Bon Marche Dry Goods -Co.,:
lessor,-entered into a lease in respect of the department ,
store premises with The Bon Marche, Inc., as lessee, for a
period of
20 years from and after Mav 11. 1942, with an option to The Bon
Marche, Inc., to extend the lease for an additional term of 10 years
3,787,063
$4,325,975
the
in
hy .Allied
-219,491 •■/■> 219,491
surplus, June 30
of
value
acquired
so
The Bon
Income
.f
s$377,p57 represented the value of merchandise inven¬
assets
to
The
MISCELLANEOUS
-
Income
the latter, ias
3,853,344
& equip.
prop.
The
ration
$141,763
undeprec.
Consolidated
♦No
18,231
$210,373
11,
and
organized in
Massachusetts, in .exchange for 3,150 shares of the capital stock ($100
par) of The ,Bon Marche, Inc., and the long-term note .of that corpo¬
199,224
*13,430
$297,691
$4,545,466
stock
common
off
tories.
fixtures
former.
$415,288, of which
surplus,
Total
on
499,201
*15,072
4,244,258
Write
the
transferred
-
_________
earned
$522,590
trust
debentures
for
,$597,360
$604,-106
May
on
including all merchandise
the.former,
furniture,
of
records
Total
Divs.
1,064
by
office
and
32,850
-
of business
INSURANCE
-
1942, all of the former's right,
inventories, store
equipment, trucks, supply inven¬
tories, prepaid expenses applicable to future operations, goodwill, and
any and all trade names used or owned by the former in its business
but not including 'cash and accounts receivable nor
the books and
conducted
1939
1940
$571,257
secur.
on
on
1941
INDUSTRIAL
-
commencement
Express Co. )(& Subs.) —Earnings•1942
.
Corporation and Investment News
RAILROAD
Adams
v<
••
.
6 Mos. End. June 30—
Monday, July 20, 1942
,334,183
22,652
W
*V'^onsoYidAied'^alanc^.'Slhieei,' Dec.
'
'
Assets— •:
...■
-
■■:
.
..-
•
.
'
'•;
/.'
" A i'A A
■
'Plant, ^opferty. rrShfehrses. fetc*-
■
Liabilities—
31 [Company and Subsidiaries)
'
• ;,
; ■ " ■.
' 1941 A ■ ', 1940
:
v.,;
*..$*_.•
$
-
cumulative, no par.
i "Preference stock, $6 cumulative, no par—
"Common stock, no par--—
A—**
Capital surplus,•*_——**_.<.
*—i-.-,/,-*™*...
■yarned surplus
•:—
.
receivable——-ir-__—-:**:L.,*
banks—on demand-—
•Cash in
1,196,562
312,341
262,950
20,602,069
__*:—'—
21,545,479
JCash in toahks-r^time deposits
750,000
___i—
Working funds
;
' MM
301,6721
'U. B. Govt,, State, munic. & other short-term
15,522,560
'{". securities',
A
'Accounts receivable, customers
miscellaneous. 11,499,556
Materials and supplies
7,471,048
'A*—*-/;**.;**A/.^**/*.
•Prepayments,"/A*—A**—*_a/—J A**A*A*-iAAA/ H 455,192
''Miscellaneous 'current: assets AcA a~—A-/U.A—AAA
283,589
'< -
279,764
Contingent assets. (contra)
3,416,678
1,583,464
14,548,755,
,
667,557
397,184
.
6,624,464
Net
$5,661,430
Other
The first preferred stock has priority to
attributable
the
to
and
preference
A
■
Long-term debt -;AA.A*A_iAv-.iA.
.Customers' refunds
.
»v
A*
—
i*
w.
«•
imr*, A.
iw»W
4,126,634
3,953,158
2,859,927
Aa_AwAaaa**Aa~avAA—A*Aaa_ 22,939,438
^depositS';Uf^-A-/.r-Ai„iA^-^j_A;Ai. | 4,940,066
17,863,093
4,965,831
'Accounts'payable
tAccrued accounts
<
/Customers'
•Matured
interest
(cash
debt
long-term
on
252,479
A 473,411 i.
A' Income taxes -.A A AA.r A.Ar__-_ii*Aw..*_ A AAAr.L;Ai'"" 199,619
215,673 ;
Charges in lieu of income taxes——
credits
1,532,551
A*___
AA**AAAAaAAAaaA
v.A;a_;A*Aaaa**;~A
1,199,879
>Other
aid of
in
509,203
construction
Interest
■
income$2,197,416
—A__.__.
long-term debt
on
•
..
310,163
1,831,934
,1,307,829
'Amortization of 'debt discount and expense..A—
.General interest
—*___
A
-Dividends oh'$6
8,233,332
36,026
'__*A**;_AAA
pref. stock of subs... A
Minority Interest in surplus of subsidiaries—i Capital1 /Surplus
A. Ar_i.uA.A_A—AAA
divs.
on
36,026
45,137,008
892,653
'
A
pfd. stock of ■ West Texas
rum.
Utilities Co. held by public
Other income deductions-.
196,083
surplus
Total
"70,052,420
Net
'■
A
59,881,465
59,804,083
58,293,956
5,347,626
4,968,541
65,151,709
12,625,018
63,262,497
deductions.
net income-
*52,526,691
51,618,523
income.
Income, net
oper.
Total
280,840
9,792
$1,000,186
Total
Net income
1
851,251,525 644,367,638
;
Years Ended Dec. 31—
"Represented by $6 preferred cumulative (entitled upon liquidation to
.$100 a share); pari passu with $5 preferred; authorized, 1,000,000
shares; issued and outstanding, .793,581 2/10 shares, inclusive of 26 2/10
A shares of scrip*; $5 pref. cumulative (entitled upon liquidation to $100 a
share); pari passu with $6 preferred; authorized 2,200,000 shares;
issued and outstanding, 978,444 shares; common, authorized, 4,000,000
shares; issued, 3,013,812 27/50 shares; less 5,301 shares reacquired and
.held by company; outstanding, 3,008,311 27/50 shares, inclusive of
'2,113 27/50 shares of scrip,
tin eludes miscellaneous current liabilities.
Balance Sheet, Dec. 31 [Company
Assets—
Dividends
1
A'
Note
interest
A 279,646
Accounts receivable *-**aAAA-.AAA*._.-._A. Dividends receivable—subsidiaries -AA*AA-
■
.
'
Special deposit
"
639
252
901,886
.**»,
A. Deferred charges L—
-
•
1,323
"A 434,574
{Other current assets
•
235,085
1,370
478,429
;
76,843
3,274,465
3,199,787
Total
;A 273,910,243 275,862,786
A'f ;-J Liabilities— 'A/AAAAA
,
Accounts
series
Power & Light Co. 6s
***
AiilA
payable
Other
dividends
current
W.
payable •AAAAAAAAJilAA
liabilities
Capital
.
surplus
Earned
surplus
525
tarn
*
273,910,243
A_ A'A'aA'AA-:;;
'Brazilian Tract.
Wrrts. Proceeds A
pfd.-*i
500
securities
of the
Corp. common A;/v
stock opt. warrants.
1,200
A- v 'r;
V
were
deposits
^
payable''-'..£^*AA*AA*_'*A*AAAAwA**;A
'_*.AA-_---*A-**-.AA----_-
interest
by
A Reserves•
the
/
430
'
:
t7,415
'
•
-
1,167,822
t7,415 '
*421
*1,017,463
for
reserve
uncollectible accounts
Other
;
4
sub.
companies
consolidated)
(not
Other investments
Income Account, Six Months Ended June
1942
-
interest
$407,054
Expenses in issuing and
.transf/Of stks., legal
A expenses, etc
All other expenses.__*_
•
=
u.
11,820
30
1940
$159,005
$361,910
S.
10,557
Treasury securities
Preferred
-
Accounts
Accrued
16,262
378,374
1,481,834
par.
r>
,
,
/
West
—A—A.
25,002
■
1,404,055
A /';;//■
517
**_._.-_*._____*s.c_v*i*_^i
27,629
20,000
317,455
Appraisal
$1,074,058
27,629
20,000
:
stock
261,000
Texas
■
7,974,600
2,243
A
security
transactions
7,974,800
4,082
'
A^*^vAAAA,*_AA'A*A-,*Au,**i.:'.
■
32,323
:
23,840
.*_
t.
21,637,583-
2,962,439
"
^
338,328
346,603
381,120
378,374
277,507
May
common
and Oct.
1»
last.
shares:
'furnishes Art
its part
196,114
.--A
1671.
28, $2.—V. 155, p.
Berkshire
Miscellaneous
J'/.V"' A.A/'v
A/AA;
Seek Control—
Fine
Associates,
Spinning
in
Which
Mr.
is
Chace
,
1941
1942
$111,717
$87,219
A;
1,066
3,641
1,254
$91,342
$116,013
3,057
''
—
essential
war
service
"Due
to
hardship of being unable to get orte,
;
$5,661,430
"Profit
in
calls
as
are
absolutely
off-peak periods—
that
is
that task.
:
"1"
to
.
see
the
to
it
war
that
A.
A;
•
"BefOre
>fr.
•.
-A
'/
?1
-
'
,
Cr6
AA 5,107
.
•
\
,
accounts receivable (less
for
held
by
,
Liabilities—Accounts
held
$5,840;
payable,
salaries end
wages
payable,
accrued liabilities, $2,359; bond interest, payable from funds
by co-trustee (V2 of 1%), $5,950; contract payable, $3,097; re¬
for advertising exchange contracts, $735; advance rents and lease
serve
•deposits, $3,193; income mortgage sinking fund bonds, $1,190,100; capi¬
tal stock
($16 par), $12,680; deficit,
$138,102; total, $1,088,038.—
V.
A
.
,
$2,186;
The system
'..r/r/ii«T.;?,r
$6,374
$12,015
amortization.
''j—■—1—..
bond interest, depreciation and
doubtful accounts, $1,025), $3,559; inventories, $1,656;
depositary, $8,632; land, $477,563; building, furniture
and fixtures (less reserve for depreciation, $261,960), $545,143; prepaid,
and deferred charges, $36,686; total/ $1,088,038,
f5';•
•
1,584
1,581
Assets—Cash in bank and on hand, $14,801;
reserve
funds
everyone has the best possible service
Everything, however, must be sub¬
and the Bell -System is dedicated to
e
17,881
18,465
19,112
Balance Sheet, May 81, 1942
needs.
the war
A..
Net loss
•>
necessary be made, so far as possible,
between noon and 2 p. m., between 5
continue
winning
i.
5,950
•
disposition of capital assets——*,
''■v
It also means that the service
will
with
Interest on -bonds--*-**-*—
Loss on
and is very prop¬
7 p. ••to;; and between 9 p. m. and 9 a.m. On Weekdays,
to
$36,663
the
and
consistent
;79,350
$14,622
A
;V****i-—*'_.*,'***_/,*i,***_**-'*—
Depreciation - .****a*--*_i*,^A*_*i.*_*-*x___Amortization of bond expense———
long
such
•
76,720
Operating and general expenses_*_—
In
•
A
•A'A Totalincome
$16,728,941 $16,647,309
in the War.
:
In 1941, the following payments were made
Feb. 1, 25 cents; May 1, 50 cents; Aug. I,:
'
,
distance calls for the general public cannot always be up
A"''
"••'•
making toil end long distance calls, especially to and from places
Busy With war activities, it is urged that calls be limited, so far as
possible, to those related to the war effort.
It is Also urged that
i
•
$26,060,664
and
.A 6 Mos. End. May 31— y '■, 14;A
Income—departments ''tin;AM M *n •
U; Store' rentals
military need
for such materials as Copper, construction of additional
telephone plant
Is necessarily restricted.
This means that, increasingly as time goes
On, many who want a telephone must suffer the inconvenience and
■■*•)•■'
•
the
Arcady^-Wilshlre Cu.- -EatningS-
8,976
with
Utilities: Co.-£*'-*._*_'**-_**__c_:;
concentrating • on
ordinated
"Ji
dividend of $1 per share On the Com¬
usual quarterly dividend of $1.75 per -share On
both payable Aug. 1 to holders of record July 20.
of 50 cents each were made on the common stock bn
and
Slightly more than half the stock of Apponaug Co., that formerly
owned by the Mustig interests which largely developed Apponaug Co.,
rests with four trustees, Of which the Rhode Island Hospital Trust Co.
of Providence Is the inost active..
A
The
company
has Outstanding
90,000 shares.
(''Boston: News
Bureau.")—V. 155, p. 594.
■/■ /'/'"/' AAA
/' //'
$7,714,720
American Telephone & Telegraph Co.—Quarterly Re¬
port—WaiterS.Gifford, Presideht, states:
•
erly
1,316,305
,Common stocks and option warrants (cost $74,of $53,083,330)—_____
July 27.
A similar distribution was made qn April
during 1941 were as follows: April 30 and June
15, $3, and Dec. 15, $5.—V. 155, p. 1301.
record
Payments
•
*
$7,714,720
(par; $100)
payable
The Bell System
•
2,983,939
_____
2
Cort).
to standard.
$1,674,058
Accumulated Dividend—; 1
declared a dividend of $2 per share on
the preferred stock, payable Aug. 12 to
part to new operating owners.
The larger Grosvenordale plant Was
to Cluett, Peabody & Go. and the smaller is being operated by a
newly-organized Grosv'ehoi'dale CO., Inc.
A contract for -sale of the
Arnold unit at Adams has been reached With a subsidiary of Aspinook
38,464
/'
1942
receivabie__/:___*/;_*_"_j
Oft
A group is negotiating with certain of the large holders of stock of
Apponaug Co., a textile finishing company located at Apponaug, R. I.,
with
the purpose Of making an offer to buy all or none of the
,A shares Of the company.
To date no agreement to buy or sell has
been reached,
/A
./'A'A/-.// '/■/-■
A./:
It is understood, although not definitely confirmed, that the group
contemplating an offer for all the company's stock is the same one
;' that acquired control of Grosvenordale Co. of Rhode Island and Arnold
A Print Works of Adams and North Adams,A Mass.
in this group Were
interests close to Malcolm G. Chace of Providence, R. I., and Jacob
Ziskind of Fall River, Mass. ,'
"
'
/ ■■". ■ 'AA'-/ A/
On the two earlier occasions the properties Were resold in whole or
$16,728,941 $16,647,309
A_^
2 Total /'.AjAAi^AAA^i*^*22*22
5,549
u._*
reserve
932
8,100
34,704
*
dividends
15
A'
24/480
5,964
As per Books
July
Apponaug Cu.—New Interests
22,000
_____
taxes-
j Reserve for profit on
$416,440
25,073
S- Government securities.
Total
•
38,464
*
Capital surp.y arising principally hi quasi-reorg.
Earned surplus since Feb. 1, 1937___*
10,511
Sheet, June 30,
Of
an
'
Co..—
Common stock (par $80)
on
720,913, less
39,814,000
158.
1939
'
25,117
A'-
Preferred "Stocks
37,870,000
37,513,000
33,488,000
directors have declared a
the
$1;
Liabilities—
Note—Losses of $1,017,463 in 1942, $523,270 in 1941, and $1,200,117
1940, on sale of securities were charged to the reserve for decrease
In market value of securities created in 1934.
'
Balance
,
10,217
1,404,050
—*i
A; /Total:A*_*vAAA»lAA^ii_A/-AAA_AA*-
In
Corporate,- bonds
1938
."A
interested, is believed to have no part in the present negotiations.
^'0-:
1941
10,905
Asset's—'A-.-.
'
Feb.
A
$352,692
$112,819*
$314,611
$351,707
paid on
v":--A
first pfd.-stock—' /*:r__*•'■/aA
'A;:/!/*__508,188:
:
62,960,000
1939
45,133,600
45,814,600
38,876,000
46,361,000
preferred stock,
on
2,727,430
111,026
25,602
;s;Prepayments^*i*di*A*/*_Ai:AA/^A-^AtAAAA_+^W_-
or
and
57,275,000
1940
52,363,000
52,682,000
45.057,000
52,596,000
sold
_____
Cash
A:
in
Utilities
Texas
A
31,636
Taxes *__'_.*i*A_.'*A**^
U.
:
—V. 155, p. 2178. ;-'V:
'
'Interest
63,374,000
65,016,000
accumulations
Distributions
69,777
:,AiA 15,174
1940
A
the
Av Dividends receivable on preferred stock of West
,
suitable opportunities present themselves.
Of
stock
mon
96,678
.
t$80
A A
•
'
/"A
-
Ajppleton Co.—$1 Common Dividend—
The
134,817
$15,048,322 $15,048,322
(West Texas Utilities Co.)
r
directors
last.
15,
,
1941
Assets—
stock is in the hest interests 'of the" corporation and all classes of
shareholders, and therefore intends to continue the acquisition < by
;purchase or exchange) of additional shares of first preferred stock for
•
1941
1942
26, $2 each; Aug.
227,398
69,036
and notes.
Investments in and advances to sub. companies
i;
decl.
earnings or deficits of Western
consolidated (partly
•
over
American Woolen Co. —$2
account
211,617
'
purchased, likewise for retirement," 180>. shares of vfirst
stock- for cash. 'Capital' surplus Was credited With $753,846,
representing the difference between the cost Of acquisition of the 13,900
t shares
of first preferred stock and the stated value of $100
per share.
»•
The management belives that such retirement of the first
preferred
Balance
'/A;
"Includes National Holiday.—V. 156, p.
7,714,720
Sheet, Dec. 3i '(Company only)
Balaiica
•
corporation
and
•
4,088,932
A ^47,349/046 $46,627,595
A**
Total
,! "After
,
••
__
Earned surplus
preferred
Cash divs.
interest in
2451,
p.
2071,161,000
69,485,000
•July A 4_*A
64,688,000
jTuly 11*** '68,709,000 i
21,385,000
16,140
8,656
3,391,508
120,108
381,120
1,655,836
__A*^a_A**uAA^'A-*-;——*—*
-Capital surplus
A A/.A.q.v:y;
r
345,483
liabilities—
current
Deferred ^liabilities
Contribution in aid of construction.
made
During ;the period^ 41,160- shares, of United Cotp. $3 cumulative pref¬
stock were disposed' of bV
exchange for A13,720 shares of Athe
[
$11.19
imposed by the
rates
electric
of
Week End.—
$7,974,600
7,714,720
4,044,718
20,944,000
220,650
328,188
134,282
——
taxes
w.A*A**4;*****i
Preferred dividends sub. companies—_
erence
as
155,
June 27—
holders
$7,'974,600
preferred stock (par $100).
Accrued
158.
tProfit.
retirement
at
Heavy increases ih these
effect.
been,,'A.'
proportionate
June
V
The
Preferred stock of West Texas Utilities Co;
debt" —A
;—__
Customers'
; first- preferred stock of American Superpower Corp./tendered for retire¬
ment in response to a public invitation for tenders.
In 'addition, the
Divs.
:
$47,349,046 $46,627,595
Long-term
275,862,17$G
p.
year;
14,450
-AA'-'
9
157,774
'
:
1940
'.;Cash..***w_**_.*A****-T_;„*A____A——AA;/ 190,170 /AA' 130,947
Total
.
$2.66
accrued
still in
are
energy of the electric properties ot this com¬
eliding 3uiy 11, 1942, totaled 68,709,009 kwh., an
the output of 62,960,100 kwh. lor the cor¬
responding week of 1941.
A
'/'"'A'
Comparative table of weekly output of electric energy for the last
five years follows: A,r;A:' .'A:;AAA AA
A;.;/../■ v./
AAA-AA'aA/'/.'A;
'
cumulative
.
21,665
United
"Loss,
*$10.41
*$2.71
which
'A-
' AA"' /
* - A' A' v
*194,527,627
209,048,734
•■/'"'
''AA' ""A'"-.-'/
: .A;
/' A
■'
1942 have "been
for
pany for the Week
increase of '9.13%
(Including Sub.)
2
tCommon stock
Cost Earn. Burp. Reserve
Light
.A--r
& Power ord. stk.__
20,000
135,900.
1,152,942
*1,017,042
Commonw. & ■ Southern
A;; A v " v!- AA,AAAAA;,'; vA• A-.; ;■> •
> A AA-
/
31
1941
Liabilities-r-
7%
American Gas & Electric Co., common stock, 500
shares, cost $7,570.
V-y-A V':A''A..■■■''. No. ufA'^A/.AA:. ■
A.//,,A
Corporation sold:
ahs. or
'
Credited to Chgd.. to
;
Dec.
Total
;/.
Corporation purchased:
;
$600,528
"■
American Superpower Corp.—Semi-Annual
Report—
cum.
8,877,995
49,636,092
*50,632,432
A-'-
"
10,301,573
(*) of consolidated balance sheet —V, 156,
The following purchase and sales of
.corporation during the first «tx months
$6
*7,443,837
American Water Wdrks & Electrie Co.» Inc.—Output—
"
Accrued
,
;
217,926,729
1,622
$39,815,161 $39,278,453
Investments and advances.—.
2,348,776
2,033,491
Bond discount and expense in process of amort;
1,663,197
1,325,790
I Prepayments, •:;A*A'*.uA A*_A AAAi-**-A_t;-A^AA'A.A A
31,680
30,407
*'*CElSll*".''*» '' '2k
;V'->
'•|l A;,'' A'
1,B43,762
1,001,598
U, B. TrVasm7bihsI-2II2IZZII—-Z~ZZZ~~Z
A 922,000
900,000
Special 'deposits ■' AA-A-*-/.AA*iAA*-'A_*-;'AA*v*A'--*
49,676
1,873
A "Receivable**.*A*'.AAi_A*_!A_A__AaA*A-A.A^--A-A
1,121,573
1,109,314
Materials and supplies.—
A 293,978
405,913
"
'
Sheet
Balance
-Miscellaneous
:
taxes
estimated).—V.
;
Utility plant
■
"See footnote
*201,971,464
A ■'•' A';
'"A
applicable to 1942 are under consideration by Congress. Thus het
herein for the periods ended May 31, 1942, is, to the
increased, higher than it ultimately
22,391
$636,980
*
-
Electric Co. and all other controlled companies not
$643,003
30,606
*_
Consolidated
36,026
10,028,908
'
A Total
'
262,096,735
44,170,006
Tel.
&
will prove to have
18,463
Assets—
Accounts
.
252,596,277
50,624,813
Revenue Act
Output
AAA.' ■:>:•/ 420
36,026
.*....
.':-*.£AAiAA*AAiAA...*
227,560,790
3.4,535,945
income shown
11,668
2,749
expenses——:
Net income
•
accountsAAAaAAa*A^A.*AAA;AAAAAA
Preferred
:
232,639,221
19,957,056
extent that taxes are retroactively
'
214,579,677 214,579,677
41,948,000
42,358,000
3,901,000 A 3,903,000
248,536
346,521
:
1,357,495
1,320,802
:
1,810,076
3,016,766
*
Accrued
786,509,074
.
♦Capital stock (no par value)
debenture bonds, Am. 6%
'Gold
"Southwestern
■
..
rates
106,616
5,523
5,529
.....—.———_—
8,315,187
..-i
i
A"5";
1941
:
,003
Taxes
'.
:
Service ..A':."--; -a*' A'VA - Ac
Total
receivable—subsidiary AAA„a*A_**_.
Accrued
Public
of
♦Federal
$153,958
37*7,000
106,616
•General and miscellaneous
6,408,419
,
,
Tel.
share, Amer Tel.
tlnclhdes
-
in undivided
205,620,496
1,982,431
"1,894,259
A A a & tel Co. stock
m'A
'r-'
...
.
•
"
stock
common
on
CO. stock
public—A
A Net income ftpplic. to
Amer.
1940
'
$153,858
Other
251,537,054 252,262,216
:'iA*_'.' 8,831,908
9,207,768
A*.:*
2,315,006 2,011,172
U. S. Government obligations..—*—'.
Short-term securities
•
1941
stocks of West Texas Utilities Co.,
Co. of Oklahoma
Income
Investments
■'AOaSh'AA^'i .-__..-AA_._:*j.iA--.AA'-AAAwiAA.Ai
on
-Preferred
A Dividends
1940
1941
■■
879,297,986
"247,269,091
11,643,974
■
held by
Per
i'-'A'A :Common.:-A.LU_:.uA*uAA.Ai--'A-A'iAA*tAA'_/.A^A-AA1''/' 416,000
Only)
4
•
AA
Income (Coittpahy only)
Statement of
—
Net income applic. to
stks. of subs. cons.
$791,371
....
income
Interest
'-;Ak1 A:/1
A 277,167
9,055
v
;;
'
203,739,573
Taxe.s
103,540
777,105
790,879
121,734 "A A, 129,112
12,169
12,543
!
45,968,643
—i—
■'■'■''A.1
expenses* 228,597,059
A A'1
Earned
:
imposed by the
Heavy increases in-these
$2,014,337
'
Undeclared cum.
rates
.
$1,910,797
3,615,226
196,816
resefvOsv';w.A-Ao-AA-*A--;A~^Ac,AwAAi;i.A«:^„^
Contributions
2,064,923
500,414
in effect.
at
Bell System Consolidated Earnings'/Report r"''.
tOther
1,114,918
1,892,330
A
adjustment' reserves
still
are
26,196,853
$10.40
.
accrued
Period Ehd. May 3l— 1942—3 Mos.—1941
1942—12 Mos.f-1941
A' --.i'1.
'
'$ "
A$
$'
Operating revenues. 358,453,562 321,914,994,1,359,206,298 1,219,699,360
191,386
1,595,943
Casualty and Insurance reserves
'A inventory,
6,801,667 *13,811,238
$2.61
"$9.74
have been
1942
Revenue" Act which
A'A,;:':.
67,342,210
Gross
share—
tDoes not include the company's proportionate interests
profits or deficits of subsidiary companies.
U
;
A 22,391
$2,081,363
116,053
——...
-
.
,
42,045,287 168,181,146 168,181,146
/Will prove to have been. '
v:
Net operating income
Other income, • net- A A -r A -AA AA._ AAA AAi.rA_—A
,
74,711,783
■
Retirement and depletion reserves
,
18,629,591
24,453,744
.
875,667
A 443,087
-.
397,184
Uncollectible accounts reserves
—
—
Depreciation
■;'TaxeS',vr_..i«_A.i—
300,672
431,263
"Deferred
•
Maintenance
•5,106,244
48,846,954" 181,092,384 194,377,999
rates applicable to 1942 are under consideration by Congress. Thus net
herein for the periods ended June 30, 1942, is, to the
extent that rates are retroactively increased, higher than it ultimately
$5,664,056
1,918,275
- 302,453
2,033,586
—A—
284,070
_i__A_r—i-rAA— iAvrAA. 'iA" 875,774 A
.
'-Mi,,.!."..
income'shown
:
$6,163,496
per
^
■
V
,
42,045,287
taxes for
Operating
deposlts)A,-/_A*;__AAAAAA*A*AAA*AAA;.i_A
special
Years
,
—-
.*2,306,871
"$2.37
—
"Federal
I
,
53,953,198 206,446,128 213,007,590
6,146,137
**
Earnings
.
.
"44,352,158
Balance
!
in
Contingent 'liabilities (contra) /A*_A*AA aaaaAAA-*:
'
Calendar
for
"Operation 'A***A**AAa A *AA AAAAA*A*;*A AAA. A—AAA'A
97,841
*"r M*
AiDlvidendSAdeclared;:-A--^ti'-'-^LliiAlA.A^^'--i'- A 2,857450
;
income Account
deductions.
Dividends
'/
'
A.", 'A 1941.'"''' A1940
356,699,750
357,286,072
220,837,
:
50,498,295
.
..
7,785,837
35,174,266
23,564,783
43,900,996 162,076,944 180,944,940
8,544,922
8,100,750
2,344,703
Dr78,341
649,996
397,117
1,846,301
net..
,
,
10,192,810
38,238,347
income
'"
'
1942—12 Mos.—1941
$
"
1
$
$
37,276,959 167,123,259 134,173,009
29,491,122" 131,948,993 110,608,226
'
■'
Public Service Cd. (& Subs.)—Report—
American
Total, operating•. revenues—.—....... .A„iAA.
;
.
c—
tNet income
155,
stocks.—V.
/>,
common
p. 2272.
A.
•$',•.
47,974,702
>
.Ill
Interest
214,679,677 214,579,677
111,622,100 111,622,200
424,697
424,377
Income,
Total
Consolidated
stocks' Av-AA-A-AA,
Common
i"
income.
oper.
the
V ;1 ■'■■/,:
•"Capital Stock! (no par)' A*lr
; Subsidia ries—preferred stocks
1
was
the basis hereafter noted.
•value
851,251,525 844.367,633
—iiiir
.x-'.—
Total
1
•
revenues—,
interest Income
1941
;
"•
■
Operating
Oper. expsr, incl. taxes. "37,781,892
,
of $100 per share,1 plus accrued dividends of $1,065,000 ($15 per
share) since Jan. 1, 1940.
The preference stock has priority, after
providing for the first preferred stock, to the extent Of $100 per share,
plus accrued dividends of $14,465,230 ($61.50 per share) since April 1,
"1932.
The net assets on June 30, 1942, applicable to the first pre¬
ferred stock amounted to $5,652,603 or $79.61 per share, leaving 110
237,631
431,263
-
r-r?
"f
5,272,379
6,819,787
1942—3 Mos.—1941
Period Ended June 30—
^extent
455,266
1,671,165
fpther deferred charges
Earnings of American Telephone & Telegraph Co.
$8,827
appraised value of net assets of the corporation on Juhe 30,
allocated to the capital stocks Issued And outstanding on
"The
1942,
'
5,658,032
15,994,633
247
5,652,6Q3
*—_:.A_***i«-*;.A***—**A—*■**— $26,060,664
'Total
A-
16,094,281
11,366,52*9'
3,657,454
1,583,464
deposits
Reacquired secur'ities-Hsubs. pref;/ fttocks*A/.*AA-,:
'Unamortized' debt discount and expense——
!
-A:Liabilities^-'■&
iWi»i*Sicl14^',ibiia ktoillijiV«A£&vi&fJ,?,i
Dividend income.
A
"
tepecsial
**»#■*|>W|»WWIIWHWIKWWA^VrWP'W:
Appraisal
$8,827
,7,100.000
235,207
'"First preferred .stock, $6.
J- '^69,940,:765,607,505
investments, and fund accounts .--—.1,524,688
As pel Books
1
■■
^Reserve for taxes, -expenses, .fttc—i———
•
'
A; Notes and loans
«4
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4091
Volume 156
-W»,Vlt«?0WiW«Wa-Wr)A
4
;*
••
153,
i:>!
p.
•
23/6.
— .tq
•r v l.
1 J
ft ft'/r;'
'""i/;/, •" i. '*}*'i.
t
.AAA
i-
(■ •/
-1
•*
■■/. .♦ /t
"
41 f' 51
■
•-••
t-
r».
....
■
,
THE COMMERCIAL & FINANCIAL CHRONICLE
248
of
'
Light Co.—Water Property Sale—
Arkansas Power &
^
that the
than re¬
public.—(N. Y. "Times," July 9.)—V. 155, p. 2452.
Arnold Print
The
directors
declared
recently
no
a
par
liquidating dividend of
value, payable July 20.
$10 per
V/'f'v
initial distribution of 50 cents per share was made on this issue 7
on June 30, last year, which was followed by a payment of $1 on Dec.
27, 1941.—V. 155, p. 1914.
/\.
7,
■;•■ /-/./i/'.
Associated Dry Goods Corp.—Accumulated Dividend—
The
directors
have
declared
accumulations
of
account
dividend
a
7%
the
on
of
$2.75
cumulative
per
second
share on
preferred
1, $5.75,
The
all on
directors
also
Associated
;
Electric
Report
1941—
Tegen, President, states in part:
On Sept. 4, 1941, the SEC issued an order pursuant to Section 11 (b)
(1) of the Holding Company Act directing the. trustees of Associated
Gas & Electric Corp; (parent of Associated Electric Co.) to show cause
why they should not be required to divest themselves of all interests
in properties not located within the States of New York, Pennsylvania
and New Jersey.
The scope of an order requiring such divestment
would include all the investments of Associated Electric Co. except its
investments in subsidiaries in Pennsylvania and possibly the Philippine
Islands.
In this connection, it should be noted that since Dec. 31,
:
Erie may
of
all
the
and
assets
in
interests
its
liabilities
Co. is fairly
of
the
two
subsidiaries
companies
subsidiary
gas company, Johnstown
of Pennsylvania Electric
a
gas
serving
subsidiary,
;
to
for
about
Corp. has
if
setting
A
up
and
about
by
if
$240,000
such
/'
;
77-;,■ <; --7':- 77';'"7
v777,7/7
•
Various negotiations for
in1 the
the disposal as a unit of the company's
properties of
Kentucky-Tennessee Light & Power Co.,
im¬
possible of consummation, because of the widely scattered areas served
and the proximity of its properties to the territory now served by the
Tennessee Valley Authority,
Company, however, was finally able to
enter into other arrangements which will result in the sale of the
major part of the properties of that company.
The agreements entered into to date require that all properties other
than the electric systems -in southwestern Kentucky be transferred
out of Kentucky-Tennessee Light & Power Co., after which the com¬
pany's interest in Kentucky-Tennessee Light & Power Co. is to be
transferred to TVA for ; a base price of $3,535,000.
This transaction
was closed in June, .1942
(see V; 155, p. 2280). Tri-City Utilities Co.
,has been formed by Associated Electric Co. to take over the properties
being transferred out of Kentucky-Tennessee Light & Power Co. until
such time as they are sold.
Sales of miscellaneous ice and other properties for about $115,000
have already been completed.
An agreement has been entered into for
the sale of the water and electric systems in Frankfort to a private
purchaser for a base price of $1,350,000. The City of Mayfield, Ky.,
■has agreed to purchase,the water system serving that community for
a base price of $400,000.
Agreements have also been reached with two"
-rural electric cooperatives for the sale of the electric distribution sys¬
tem located in the northwestern part of Kentucky serving the cities
vof Cloverport,' Hawesville,- Irving ton- and adjacent- areas fon a base price «
'
•
,
•
the
the proceeds to be derived
by Pennsylvania Electric Co.
preferred stock of Keystone
Co.
Electric
Electric
Co,
the
Co.
in
net
cash
proceeds received
for its assets
by
consideration
it
from
transferred
2,762,905
1,364,947
■
112,838,238 urtits ikwh.). This in an increase of 8,094,379
above production of
104,743,259 units a year ago.
158.
'
-
7.7%
7 Twenty-seven separate
or placed under contract
About
$150,000,000
to
do
_
not
a
These figures do not include $43,500,000 of bonds and
the Jersey Central Power & Light Co., in which the
90% direct and indirect interest, but which the trustees
control,
Many bank loans
Dec.
31
the
trustees
net
7—
7
,
.
1,302,564
of
s
from
77-—.7-
7_
Gross income >
subsidiary companies
income:
Deductions from income:
Assoc.
Electric Co.i—
<
©L line- with
net
7-7
income
Were: 1939» $24,044,000;
$39 000 WK)
The financial results of the year
renor^eSSfl^ih7 Feport
despite the loss of
^
'
•
-
1937, $8,247,268; .investments, $26;-
'
transmission
Philippine
^maintenancev the. Associated
lines
and
1941,
the
to the
subsidiaries
Gas & Electric Corp ?s
was less than that in.
trustees said
,v.
large part of this
a
corporation because of legal and
prevented -its subsidiaries- from declaring
wa^.-V^lsV/p!
directors"have
share in
share on
2273.
earnlngs t0 the top parenfc
declared
an
extra
dividend
of
addition to the regular semi-annual dividend
the common stock, par
divi-
company
five
of
15
cents
cents
per
per
$10, both payable July 31 to holders
July 2Q.-~V. 148, p. 431. /
/
•of record
,
Atchison, Topeka & Santa Fe Ry.—promotions—
Promotion of
Western
George H. Minchin, General Manager of the Santa Fe
Lines;
Amarillo,
to
-Assistant
Vice-President,
operating
department, a newly created position, arid the appointment of Georgo
C. Jefferis to succeed Mr.
Minchin, was announced on July 15 by
:W. K. Etter, Vice-President in
charge of operations, Chicago.
Mr
Jefferis has been Assistant
to Vice-President at
Chicago,—V. 156*
consolidated
p.
accounts payable to associated com¬
panies, $18,160; other accounts payable, $1,082,361; customers' deposit,
$491,126; taxes accrued (incl. $1,167,101 for Federal income tax),
$2,272,754; interest accrued' (incl. $387,308 on long-term debt), $523,276;
other current and accrued liabilities, $58,118; deferred credits, $184,278;
reserves, $11,004,734;
contributions in aid of construction, $235,714;
ir»t*»ra<»t
as
1939
Associated Insurance Fund, Inc;—Extra Dividend—
The
Capital surplus, $13,176,583; consolidated' earned deficit, $4,593,003;
capital stock of subsidiary campanies (incl. preferred stock dividends
in arrears $143)
(less $426,770 deficit applicable thereto), $599; longterm debt, $103,105,494; long-term debt maturing within one year,
notes
report
follows:
previously published in
0f^^'514'1711n1941
The
supplies,
$4,953;
as
February. / In brief, according
from the
1940 by only $1,427,805, or 12
,
Liabilities—Common stock (at stated value), $35,000,000;
other
by the JaPanese. a net increase
iri taxes and, an increase of $1,600,000 in charges for
^
depredation and
innoWie0r
$1,002,607; prepayments, $124,010; other current and
accrued assets, $2,327; deferred debits, $4,695,999; deposit for interest
due Jan. 1,. 1942 on bonds of Associated Electric Co. (contra), $1,521,*..
984; total, $164,745,323.
•
1
.
" ;■
and
in
5fC$2S?nn nnri® ilfTv0" °f ih6Se 1.8landa
deposits with
Cash
cases
companies
1940, $33,918,000;
were
income
IfhA1116 cnu.ld not be realized by the
sinking fund trustees for retirement of bonds,
(including working funds $48,748), $3,253,671; miscel¬
laneous special deposits, $25,427; notes and warrants receivable (incl.
$311 from employees), $34,585; accounts receivable, $1,455,062; accounts
receivable from associated companies, $29,173; accrued interest arid
divs. receivable on investment in associated cos., $81,950; materials
158,988;
$45,899;
rate
"
report,
capital, $118,066,373; excess of net carrying value of
investments in domestic subsidiaries over related -equity in net assets
of such subsidiaries as of Dec. 31,
active
,;
Assets-^-Fixed
•
20
system is noted in the
construetion expenditures for plant,
•
$1,805,622
81, 1941 (incl. domestic subs.)
were
situated companies
1
other restrictions which
Consolidated Balance Sheet, Dec.
there
Rates in many of the
similarly
has moved
$11,180,000; 1940, $18,500,000; 1941, $21,120,000.
,3,628,226
$1,108,238
of
re Was only one formal rate proceeding at the beginning
1942'
,
.
Consolidated
those
j
$7,372,487
1,938,638
3,638,718
on
oif1o^lr-f .,geniraHniS.caPacity: of the system was increased from
^
}n
? to 1,408,448 at the end Of 1941, About
:
fn fJio and 1943. 0f 7.:
kllratiS
additionaI capacity is scheduled for- installation
in 1942
1,726,166
$6,561,406
1,814,451
office
companies in the .system.
out
fAjP16 |ncroased basic strength of the
^A<< Consolidated cash position
>
'
'
Deductions
$4,650,000
were
When the trustees assumed
involving
.were
$5,646,320
.
was
were
of Tax Appeals.
/
:.
income,
The aggregate
cases, covering the years
settled, and only 42 cases left pending.
appointed 24 cases were pending before the
Only four cases are before that body now.
through 1940,
When
_
Other
refunded.
nearly $10,000,000 less than at the beginning of the
Interest charges on bank loans were about
$550,000 less.
Thirty-one useless subsidiary corporations were eliminated. <
Two hundred and
ninety-six Federal tax
,
,7,7*—77777 $5,258,842
were
1941
p*
"
77—
/
sold, mostly refundings
but also some refundings
were
provide additional capital for construction and otherpurposes.
The
savings in interest and dividends were more than $1,450,000
system has
/
*
—.
issues
annual
•
Operating income
properties were closed
agreement to sell.
security
for the system.
notes issued by
$20,481,013 $20,124,381
Total operating revenues_7u__7—
;
6,817,9407 6,473,149
Operating expenses
2,128,630
2,257,946
Electricity, gas and water purchased for resale
: Maintenance' 7
1,405,057
1,304,773
77*7 7^7
Provision, for retirement of fixed capital——,..
1,876,910
1,918,246
876,741
Fed. inc. and.declared value excess profits taxes r 1,210,458,
Other taxes
1,741,840 / 1,688,542
"
deals for the sale of
or
of
at lower interest rates to reduce charges,
;
3,676,478
1,310,410
,
Trustees Review
—
year.
7
.
*
Some of the highlights reported in the
reorganization of the system
by the trustees follow:
v
77:'77//:s77.,/'7;7;7
"
Transportation, ice, water and steam heating
\'v77Pending';Sales.7y;J;':;;7;^7'7't7:-77'777
Interest
used
.
for Calendar Years
77 Gas"
■r'•,■ ■ Y r 7;..;','y
which had been carried on for a period of over two years, became
serially,
be
redeem
panies under present conditions, but declares that these factors "do not
necessarily greatly affect the length of time required to consummate
a
plan of reorganization." The A. G. & E. system, once dominated
V by H. C.
Hopson, went into bankruptcy in January, 1940.
Messrs.
Thorp and Driscoll took it over as trustees in March of that
water to the Seward Plant.
It is hoped that thereafter
Co., whose remaining water business amounts to about
Consolidated Income Account
of
"proceeds' in the company's debentures.
to
Outlining work done since their appointment as trustees in reorganization of the corporation, Willard L. Thorp and Denis J. Driscoll,
in their annual report for
1941, described activities ranging from the
consummation of more than $150,000,000 of
refundings and the ad¬
dition of 90,000 kilowatts of generating,
capacity to the conclusion of
more than 140
proceedings before regulatory bodies.
'
'
The trustees' report stresses the problems
facing utility holding com¬
:
(Including domestic subsidiaries, also including operations of companies
sold to respective date of sales)
Operating revenues:
1941
1940
Electric ■£
7.7
$16,353,160 $15,137,493
■
'
notes
in 1940—
,
r
Clarion, Pa., was sold for a consideration of approximately
$75,600.
"■ 77
777 *'•7
■'777:7 77 7 77777Y'Y/■ 7777: 7
Summarizing the above, the net proceeds derived from the sale of said
properties or the company's investment therein amounted, to approxi¬
mately $2,082,000. Of the proceeds $115,000 was, invested in other subsidiaries and approximately $1,130,000 was used to; purchase $2,523,500
of debentures of the company. This purchase resulted in annual.interest
savings of $116,223.
The balance of the proceeds; $837,000, had noty
been Invested ,at May I, ..1942;
The earnings of; the companies or
property sold applicable to Associated Electric Co. amounted' to approxi¬
mately. $150,000 annually.
Therefore, all but $34,000 of the earnings
lost have been recouped through the investment' of about 55 %' of the
maturing
said
Associated Gas & Electric Corp.
taken, Associated Electric Co. will have
but one active subsidiary in Pennsylvania and, based on the operations
for the year 1941, the earnings applicable to the investment of Associ¬
ated Electric Co. in Pennsylvania Electric Co. would be approximately
$2,800,000.
Ark., was sold for a consideration of approximately $325,000. i"
:\
The investment in Clarion Water Co;, a water subsidiary serving the
town
to
Gains—$150,000,000 of Refunding and Bank Loans Re¬
duced Nearly $10,000,000 Since System Went
Bankrupt
;
these steps have been
After
electric, water
serving a small section in and around Warren,
or
Penelec Water
consummated:
and ice utility subsidiary
was
units
_
an
notes
of
Service
Associated
group
Electric
substantially all the assets of Penelec Water Co. which supplies
condensing
serving a small section in the eastern part of the State
sold a.11 its property, except certain small substations and
The investment in Arkansas General Utilities Co.,
the cash consideration
—V. 156, p.
refunding
contemplates the acquisition by Pennsylvania
second step
$4,700 annually, can be sold to others.
utility subsidiary distributing electricity in the northern part of Garrett
Md., sold its distribution system for a net consideration of
approximately $85,000. The transmission lines which it retained were
subsequently acquired by Pennsylvania Electric Co.
Texas General Utilities Co., a wholly owned electric and ice utility
were
liabilities,
Associated Gas & Electric Co.—Weekly
Output—
refunding of the bonds of Keystone Public Service Co. is under¬
no
Co. of
its
property for a net consideration of approximately $22,000.
77 -7':7
;
During the first four months of; 1942, the following additional sales
all
assume
The trustees of Associated Gas & Electric
Corp. report for the week
ended July 10, net electric output of the Associated
Gas & Electric
is completed. This
would mean a net annual increase in the earning power of Associated
Electric Company ranging from $130,000 to $170,000.
County,
.
of
sale
Pennsylvania
opportune,
taken
company
Texas,
and
7 to Pennsylvania Electric Co.
Pennsylvania Electric Co. proposes to acquire for cash that portion
v of
the property of Penelec Water Co. used to
supply water to the
■sSeward generating plant of Pennsylvania Electric
Co., the considera¬
tion to be paid by Pennsylvania Electric Co. to be based on
the esti/; mated original cost of the property to be acquired, less provision for
/ retirements
applicable thereto, such estimate amounting to $311,308.55,
at March 31, 1942.—V. 155,
p. 2452.
sylvania Electric Co. applicable to the investments of Associated Electric
will be increased as a result of the transactions by about $200,000
wholly owned electric and water utility sub¬
serving the cities of Cannelton and Tell City, Ind.,
properties in December, 1941, for a net consideration of
approximately $600,000.7,:.7-7/'':7 -7v--7,
7/Y'"■' 7<7;:. >7'7/.
Associated Maryland Electric Power Corp., a wholly owned elctric
of
l:5
■•■/
Keystone Public Service Co. proposes then to dissolve and to transfer
-
to
Co.
appealed to the Indiana Supreme
generating facilities and a transmission line connecting its distribution
facilities with Louisiana Public Utilities Co., Inc., another subsidiary,
for a net consideration of approximately $30,000.
Kentucky-Tennessee Light & Power Co. sold a small unit of its
the
Public
$67,150 in Associated Electric Co.'s income from investments in bonds
affiliated companies.
It is estimated that the earnings of Penn¬
Ohio River Power Co., a
subsidiary
formulated in the latter part of 1941 to
relatively small water and gas companies
sounder basis. Penn¬
$500,000
from
of
Court.
all
■;
together with other funds to
the
stone
the Clay County Circuit Court at Brazil, Ind., on March 12, 1942,
a decision in favor of the plaintiff, but all defendants, includ¬
sidiary
sale
.
the plan proposes the acquisition by Associated Electric Co.
$856,000 NY PA NJ Utilities Co. 5% debentures now held by Key¬
Public Service Co. it will result in a net annual reduction of
of
rendered
sold
-
paid by Pennsylvania Electric Co. to be based on the estimated
.original cost of the fixed assets of Keystone Public Service Co. (exelusive of amounts includable In accounts 100.5 and 107)
plus current
and other assets less liabilities
(including the liability on the call of
the preferred: stock of
Keystone Public Service Co.) and reserve for
retirements applicable to the original cost of fixed assets.
Pennsylvania Electric Co. also proposes to issue and sell at private
,
Since
$1,157,000 of the $1,685,000 proceeds) to Terre
been contested by two parties on the basis of
Commission;, have
$50,671.
v: be
such assumed obligations will be refunded. The prop¬
almost wholly surrounded by
operations of that company
in part are now conducted by Pennsylvania Electric Co. but further
operating economies should be possible.
are
Bloomfield, Ind., on pleas of the defendants as to the jurisdiction
and there has been no recent development. In the other
the Indiana
Co.
Public Service Co.
erties of Keystone Public Service Co. are
those of Pennsylvania Electric Co.
The
of the court,
ing
for
Service
.'7/ Associated Electric Co. proposes further to donate to Keystone Public
Service Co. as a capital contribution 1,572 shares of the
preferred stock
of Keystone, Public. Service Co,
•:;
Keystone Public Service Co. proposes to sell for redemption, at the
redemption price of $52.50 per share, the 10,367 shares of preferred
stock of Keystone Public Service Co. then
outstanding.
/Pennsylvania Electric Co., proposes to acquire the assets of Keystone
sylvania Electric Co. will acquire the utility assets of Keystone Public
and assume that company's obligations.
When conditions
the alleged invalidity of the order of the Indiana Commission approving
sale. One of the cases is pending in Greene County Circuit Court
case,
:
Service Co.
Terre
the
at
Electric
Co. proposes to acquire for cash from Keystone
$856,000 of NY PA NJ Utilities Co. 5% debentures,
due Jan.
15, 1952, for a sum of $727,600, plus accrued interest; and
the investment of Keystone
Public Service Co. in Citizens Transit Co.,
corporate entities were maintained in
$1,832,500 of Metropolitan Edison Corp. secured consolidated refunding
bonds, 6% series, due 1961, owned by the company. Thereafter, Penn¬
using about $740,000 of the proceeds to retire the publicly held
bonds, there remained a balance of approximately $945,000 applicable
to the accounts and securities of said company held by Associated
Electric Co. The sale of the Brazil and Terre Haute divisions (which
Gas
were
three
NJ PA NJ Utilities Co.
,
Associated
will be taken to strengthen Pennsylvania Electric
Co.
Associated Electric Co. is contracting to acquire Keystone Public
Service Co. from NY PA NJ Utilities Co., an affiliate, in exchange for
After
accounted
but
Granting Annuities.
and
Public
Two addtional steps
Haute, Brazil and Richmond, Ind., sold all of its properties in March
and April 1941 for a net consideration of approximately $1,685,000.
Haute
plans
all
and
the release of 1,408 shares of $2.80 cumulative
preferred
118,000 common stock of Kenstone Service Co. now pledged
collateral with the indenture trustee.
/
'
1
;
:
:
as
the new capital structure, provision was made for
additional funds required for expansion and from present indications
Pennsylvania Electric Co. will not need any additional capital for
several years.
Attention was also given to strenghtening the position
of thu company's investment in the western Pennsylvania companies,
by eliminating revaluation and other items from their balance sheets
and otherwise placing Pennsylvania Electric Co. in a sound financial
position.
In
simple. It owns directly all its
(with the exception'of a small
utility
and
Lives
on
obtain
stock
sylvania Electric Co., as now constituted, is the survivor of the con¬
which was carried out in March, 1942, which also included
the acquisition of the assets of Logan Light, Heat & Power Co., a
small adjacent property owned by an affiliated company.
'777-77 7777
.
Co.,
will
solidation
Fuel Supply Co., which is a direct subsidiary
Co.).
Utilities
Pennsylvania
As
Insurances
7/777 777:77;777 .7777 .77 77,7•'//■?
be 'retained.7v:;■'/;■ 7;
Accordingly,
During 1941- the following sales of properties of subsidiary companies
were consummated:
,7/;
.-V."''::'" '.v:;;- Y'."/ /'./Y, 7x:y,//:Y7Y
Gas
Co.
part of the transaction Associated Electric Co. proposes to
for Insurances on Lives and
Granting Annuities as trustee under the indenture dated as of Aug. 1,
1936, between NY PA NJ Utilities Co.'and The Pennsylvania Co. for
.
and to place the resulting capital structure on a
Sales of Properties
Indiana
the City
to
Co.
signed on April 24,
was
on
deliver the bonds to The Pennsylvania Co,
//-YvY'/; ;^7.:7i,7vv-;;.:;7-7.7 77/77
way.
the sale of Arizona General Utilities
Ariz.,
consolidate
;
:
;;:'V
under
now
-
.
July 9 ordered hearings resumed July 24 on the fol¬
7
V
NY PA NJ Utilities Co. proposes to exchange its
present holdings
of 1,572
shares, of $2.80 cumulative' preferred stock
(no par)
and
115,000 shares of common stock ($1 par)
(being the entire common
stock of) of Keystone Public Service Co;, with Associated Electric
Co.,
for $1,832,500 of Metropolitan Edison Corp, secured consolidated refund¬
ing gold bonds, 6% series, due 1961, now held by Associated Electric
•■
compliance with section 11 (b) of the Holding Company Act, it had
become necessary to distribute the assets of Associated Electric Co., the
situation
would have been unduly complicated,
if not impossible,
because of the corporate barriers. The normal expansion of the western
Pennsylvania system was impeded by such artificial boundaries.
..
Thus, at the present time the corporate struc¬
ture of Associated Electric
Orders Hearings July 24-^
SEC
lowing matters:
adjacent territory in Maryland.
Not
only did this add to the cost of operations, but it presented complica¬
tions which could have materially interfered with the flow of earnings
from these subsidiaries to Associated Electric Co.
Furthermore, if in
western
Supply; Co, have been merged into Pennsylvania Electric Co., which
now
appears to constitute an integrated system within the meaning
of said Act.
However, no assurance can be given at this time that
such an order would not affect the company's investment in Penn¬
sylvania and the Philippine Islands and it may be that ultimately all
properties of Associated Electric
Co. will be separated from the
Associated System.
•/'//•/:./"'v' ."
' V71,.,///
V"f ■'''.,■.■7'/'
Associated Electric Co. is also subject to section 11 (b) (2) of the
Act which relates to corporate simplification and equitable distribution
of voting power.
Company formerly owned its interests in its sub¬
sidiary companies indirectly, through Central U. S.
Utilities Co.,
another holding company, and Pennsylvania Investing Corp., an in¬
vestment company,
During 1941, Pennsylvania Investing Corp. was
merged into Central U. S. Utilities Co. and subsequently Central U. S.
Utilities Co. was merged into Associated Electric Co., resulting in the
transfer
SEC
The
$100,000
a
For many years nine separate
all subsidiaries of Associated Electric Co. operating in Pennsyl¬
vania and Maryland, except Penelec Water Co. and Johnstown Fuel
Associated Electric Co.
the
Pennsylvania Electric Co.
1941,
•
exchange
to
This large subsidiary company, as now constituted, supplies elec¬
tricity, gas and steam to a large area in western Pennsylvania includ¬
ing the towns of Johnstown, Erie, Meadville, Warren and Somerset.
Its electric operations are completely integrated and apparently con¬
stitute 'an "integrated system" as that term is interpreted by the SEC.
The Commission is considering, but has not determined'whether, under
the provisions of the Holding Company Act, the gas distribution sys¬
tems serving Johnstown, Renovo, Clearfield, and Lock Haven and the
steam distribution systems in Johnstown, Clearfield, Philipsburg, and
2003.
Co.—Annual
made
1942.
Pursuant to Arizona
law, the matter was submitted to the voters who on May 8 rejected
the proposal by a narrow margin.
P.
A.
of
contract for
A
declared
p.
are
of Safford,
accruals,
■ 7'.7:i7
the regular quarterly dividend of $1.50
preferred stock, payable Sept. 1 to holders
account of
per share on the 6% first
of record Aug. 14.—V. 155,
■
■
exception
contract
stock, par $100, payable Sept. 1 to holders of record Aug. 14.
This
compares with $1.75 per share paid on June 1, last, and $5.25 per
share on March 2, 1942.
In 1941, the following payments were made
on this issue:
March 1, $8.75; June 2, $3.50; Sept. 2, $3.75, and Dec.
'
was
with
purchase money obligation held by the
City of. Murray, were owned by Associated Electric Co.
Agreements have also been reached with rural electric cooperatives
for. the sale of the properties of Missouri Southern Public Service Co.
and Panhandle Public Service Co., wholly owned subsidiary companies.
The base consideration for both properties is $345,000,
An agreement
has also, been reached for the sale of a small part of the electric sys¬
tem of Louisiana Public Utilities Co., Inc., for a base price of $90,000.
A contract for the sale of the company's interest in Union Gas &
Electric Co., which supplies manufactured gas in Blooming ton, III.,
was entered into with private interests but was not carried out as the
purchasers alleged that satisfactory approvals of regulatory bodies were
not obtained.
Although the company does not agree with the position
taken by the purchasers, negotiations for the reinstatement of this
4 An
/
agreement
an
All of the securities of Kentucky-Tennessee Light & Power Co.,
the
Works—Liquidating Dividend—
share on the common stock,
Co.
Utilities
.
•
1939
Kentucky rural system with another utility company for ap¬
proximately $175,000 cash and their electric distribution system serving
the City of Franklin, Ky., and rural areas in Simpson and Logan
Counties, Ky.
Negotiations are being carried forward for the sale of
the balance of the properties which are being transferred to Tri-City
Upon acquisition of the water companies, it is understood
& Sherrerd group will operate the properties rather
sell them to the
During
middle
Company, a unit in the Electric Bond & Share Co. system, is nego¬
tiating with a banking group for the sale of its water properties in 20
communities through the Arkansas Power territory.
1^ j
The banking group, headed by Butcher & Sherrerd of Philadelphia,
is expected to pay about $3,000,000 for the properties.
'
Butcher
$195,000.
Monday, July 20, 1942
158.
■
•
.
payable, $658,190;
Aviation Corp. (Del.)—New Vice-President—
-
•
-
•'
Snader,
of
facturing*
•
♦; •; •«
J.
division
naysble J»r*. 1. 1942. on bonds of Assoc. Electric Cq. (contra),
$l,52ii984; total; $164,745,323,-- ;
division manager of the Republic Aircraft products
corporation,. has been made Vice-President • of manu¬
Snader will be succeeded at Republic by Sterling B
Withington, formerly General.,. Manager of the^ Brunswick-Balke-Collerider Co.—y; 156, p.S 75,
r
...
•
,
.
,
~
Ira
the
Mr.
,
V Number 4091
156
Volume
*
Gross
'
$632,851
203,336
$694,367
earnings
.
Operating
231,307
Taxes
197,868
expenses
accrued"—2.— ^
Depreciation
Net
operat. revenue.,
charges
Fixed
Surplus
on
pfd.
stock
Dividend
on
com.
327,655
stock
156,
p.
$223,570
80,138
$967,997
321,415
$1,020,009
312,067
$143,431
$646,583
305,794
260,581
.
76,448
65,106
'
XX
"$40,553
/"Deficit.—V. 155,
1595.
p.
$80,208
1,877
,
,,.'■-
;
■■
Income
Period End; June 30—
etc.
3,040,489
-
from
operations
Federal
income
41,086
56,878
82,500
67,100
$349,775
113,500
Earns,
Net
profit
per
X
1
————.
share.
com.
"Revised.
//
.
.
to
able
U.
30, 1941,' Inventories were $4,070,824 against
2453.
•
June operated at 99.2%
The Bethlehem Steel Co. in
»
In
President.
real
("Wall Street Journal.")—V. 155, p. 2179.
pig iron.
'
•
Blue Diamond Coal Co., Inc., Knoxville, Tenn.—Report
Balance
Coal Sales Co., wholly
(Includes Blue Diamond
y
l.; Assets—'
Cash
V
;
"
*
X '
"
subsidiary)
owned
1942 '
$765,293
'l
1941 .
$686,460
,
notes—.—1,420,177
519,777
45,602
,1,455,884
1,469,101
receivable."/-I——
Inventories
'
'—1XXX/CX 81>680
bonds and
Treasury
Notes .receivable
'Accounts
"
*
in/banks——/—
hand and
on
S.
U.
'
..
Sheet, March 81
22-—--
—2—
-22-12-22
2-.
■_*.
710,530
459,466
estate,-leaseholds-and timberlaml;.——
1,279,7541,282,854
tBuildings, plant and .equipment.,2,870,260 ' '3,002,850
Other assets 22-.
22--———^
1—138,405 ?v
137,371
•Real
-£
Total
—
11
stock
Capital
$371,949
401,171
1,728,813
$263,431 in 1942 and $260,331 in 1941.
depreciation of $5,088,082 in 1942 and $4,823,864 in
deducting
$7,476;
stock
other
$96*439;
Underwr.
Total
'
X
"$964,259
'
44" 852
•
15,746
net—
X
73,471
22,261,
$1,020,462
$767,791
$826,242
134,376
131,701
129,435
_—
53,400
$725,185
r
44,025
•
13,361
$844,736
$624,994
■
13,900
$646,229
"Including $126,046 in 1942 and $140,167 in 1941, representing securi¬
priced at market quotations. tThe net profit
fStock dividend income represents proceeds of shares received
surplus.
as
dividends.
'
Earned
•
Net
/
X 1940
1941
$50,248,949.—V.
stock
in
conversion
V 624,994
646,229
cost—
JDr270,444
35,470
45,352
343,529
invest.—
of
Drl,940,592
$5,786,043
$5,209,042
$5,418,760
of
Adjust, of prior
Divs.
on
X
of
Montaup now
X
the
on
30XliXX
June
X
' X '
Assets—X
:
,
X/X,r—— :?XX 4,148
X
$3,487,339
537,408
$5,248,635
587,665
.
604,019
$4,621,377- $4,810,594
30,
'
XX-y/X :X-XX Xy
Balance Sheet, June 30
>
'/2
Investments
X:X
—-------———
1942
1941
$34,267,235 $35,984,300
516,258
receivable...' X 102,695
"brokers for securities sold—
Cash
951,313
Underwriting
participation
Total
deposits—.————
"
.
,...
.
1,899
77,500
1.
$34,886,188 $37,150,970
-
—
directors
have
Wire
Liabilities—
Accounts
Notes
payable and
'
.X.
accrued expense————
$11,663
5,000,000
payable, banks..——
Due to
brokers for securities purchased——.!—
Provision for State, Federal and
"Preferred
stock
stock
Common
Capital
surplus
par)—
surplus
Earned
tTreasury
city taxes—;
—
—:
stock
;
-
884
51,760
$10,746
5,000,000
20,881
'
44,389
8,600,300
8,877,800
—-—7,489,483
—
10,330,344
—
3,487,339
I—-.
—
Dr85,584
7,489,483
.....
($1
...——
"Represented
shares
in
p.
in
1941.
—
10,467,676
5,248,635
of not
for
than
retirement
———
; $34,886,188
$37,150,970
optional $3 convertible preference stock.—V.
594.
that
*.
,
(Previously
named
The
Years Ended April 30—
sales
Net
of
Chicago,
at
interest
an
—
1942
Distillery
Co.)
Gross
profit on
; " J V
8,657,297
6,193,471
4,578,866
$2,544,802
$1,902,079
$1,590,955
in
12,589
.20,380
$1,914,668
$l,6li,335
1,689,860
1,418,590
1,279,917
Bank
Taxes
'
$861,722
4,828
$331,418
6,861
$878,962
$500,906
$338,279
211,038
179,515
129,380
Income credits
X-
Gross income-
used
$492,960
XXXXXX;XXX..-;
for deprec
89,627
46,034
Net
shr.
per
$185,542
of
$0.50
$0.34
$84,169
of
hand
for
Taxes
and
238,550
1,826,245
1,882,596
49,465
628,918
600,693
receivables,
$42,194),
$1,388,785;
futures,
receivable,
$124,124;
$15,294;
trade
616,460
$1,988,878
45,598
43,209
X-
$224,412
$223,604
$2,309,577
$2,0J2,087
106,722
1,244,353
1,287,274
6,176
70,765
disct.
&
'
—-22-
78,222
1,158
*
1,217
14,889
13,783
38,827
taxes—'•
excess
■
of
19,680
179,014
G1.560
$83,808
$800,556
$591,248
$75,917
profits tax
-V.
155, p. 2363.
'
<
1942
—
-
1941
$5,646,979
$5,391,217
1,283,507
—X-*-
1,289,46?
264,227.
244,456
516,000
reserve..
limited-term
432,500
in
the
above
^
Federal
Other
officers
excess
due
322,330
profits tax.
.
..
7,270
110,915
55,835
$2,356,512
$2,283,131
—
plant——..—
239,292
...
net—...
238,906
$2,117,220
$2,044,225
£>rl5,374
2,574
...—$2,101,846
$2,046,799
....—
——
funded
on
debt
842,500
*.
|
4,174
charged to construction.....
above periods was made in
4,625
Cr3,125
40,520
66,798
21,438
20,950
—$1,003,180
1
$911,828
X Note—Provision for Federal Income and
excess
profits taxes for the
accordance with the Revenue Acts effective
during such periods.—V.,156, p. 159.
within
203,223
,
Cr2,820
costs of projects aband.
...—
Net income
842,500
192,854
...
—
Miscellaneous
employees, $17,448;
value, life insurance,
$184,614; buildings and equipment (less allowance for
depreciation, $457,522), $1,316,779; prepaid insurance and other de¬
ferred charges, $110,155; brands and trade-marks, $1; total, $9,135,191.
amount
696,228
379,500
taxes..
income
Amortization of prelim,
land,
X Liabilities—Notes payable, $3,884,310; estimated
electric
interest
Interest
and
surrender
income,
Gross income
Other
$5,498,804; deposits to
storage; claims receivable and
cash
$79,963;
729,048
Amortization of debt discount and expense
doubtful
for
of
operating
Interest
allowance
7,270
for
statement
$266,369; cash in hands
(less
investment..^...
—
for lease
Rent
inventories,
accrued
accounts receivable,
trade,
195,578
670,871
operating revenues...,
Net
demand deposits,
$106,121;
grain
•"
16,630
180,621
•
$2,263,979
Fed.
Provision for
(including amortization of $8,122 of
included
is
trustee,
secure
$5,284,205
4,965
Nil
: :
i
1942—12 Mos.—1941
5,899
Amortization
Consolidated Balance Sheet, April 30, 1942
on
,
51,922
and repairs.
Appropriation for retirement
r:
Assets—Cash
*$27,933
$218,639
income
Net
'
1941
•
$5,628,563
Maintenance
22,500
$0.93
com.
facilities)
•
,
4,022
Operating revenues..
Operation 2--J—--2—2-22-
$148,000 excess profits taxes.
Note—Provision for depreciation
defense
1942
$12,181
California Oregon Power Co.—Earnings—
$75,552
30,000
on
X
X
61,680
debc
"Including
22,762
$231,764
six
in the
$220,390
Provision for Federal income
"317,000
pfd. stock
on
$2,625,000
102,611
of
Miscellaneous
149,434
$350,924
—
"Includes
each
net-
revenues-
income,
expense
Cr22,676
Income, etc., taxes, est.
Earns,
Chicago,
due
(& Sub.)—Earnings—
18,910
51,687
Gross income
vX-'X^X
thereon
profit
Co.,
notes
/XfI;-1
$517,277
140,293
Interest
$247,747
- -
_.
.
—
interest
;■/
Trust
follows:
as
.
-
oper.
Other
$237,847
t
9,900
in-
&
paid, etc.
Processing tax refund &
Divs.
X
17,240
Piscount allowed
Net
$496,078
.
'X:X:;-'/X .X?X
-1942—Month—1941
■
-
i.a
expenses—' ■"■
—
Provision
$1,514,930
1,277,083
Operating profit—
&
•
Exchange Commis¬
the First National
of six
form
:'X:
.
revenues
Other oper.
3,356
$2,551,582
the
all
Period Ended May 31—
$1,511,574
6,781
National
2J/e%
and
from
$5,000,000
California Electric Power Co.
4,658,992
exps.
of
''^
the Securities
May 9— 1
?
charges and taxes.-—-XX_
155, p. 154. '
profit after
"Loss.—V.
.
1939
-
American
rate
28 Weeks Ended
Net
$6,170,566
sales
—
to
borrowed
..
Amort,
1940
$6,169,821
income—__
Other oper.
and
it
Burry Biscuit" Corp.—Earnings—
r
'
1941
1J)41
redemption of commercial paper outstanding and the rest for working
capital.—V. 155, p. 2180.
.
■-
"Prov.
;X
11
months until June, 1945. .V./'XXv ;
Proceeds of the loan were to be
price
$8,0.95,550
■
reported
Maintenance
$11,202,098
_
sales—
Brown-Forman
has
June
on
Bank,
5,000
at
$4.23
Dec. 31,
amortization
Corporation
Stock— X
more
$661,006
$5.05
$4.28
155,728
1,220,701,
,,
Assets—Cash, $763,405; notes and accounts receivable (less reserves
$1,910,448), $10,352,864; inventories, $4,929,049; net current assets
Canada, Brazil, Mexico and Argentina, $1,269,520; amounts receiv-c
sion
Brown-Forman Distillers Corp. (& Subs.)—Earnings—
?
X
'::
X'X/
'"X1
.'a
year on contract payable for whisky purchased, $147,371; accounts
payable, trade and miscellaneous, $327,053; accrued commissions, taxes,
interest, etc., $149,100; provision for Federal and State income taxes,
$321,519;
contract payable for
| Canada
12 Mos.
whisky
purchased, $296,197; mortgage
note payable, $20,000; mortgage notes payable
"(maturing $33,000 each
on July
15, 1946 to 1950, inclusive), $165,000; preferred stock (15,000
no
par shares), $1,500,000; common stock ($1 par), $280,000; .capital
surplus, $716,491; earned surplus, $1,328,150; total, $9,135,191.—V.
p.
Northern Power Corp., Ltd.—Earnings—
End. May 31—
.->V *
' " ' '1942
1941
.taxes
Net
-V.
——
maintenance
earnings
156, p.
and
—
-
.
$4,871,745
r.-v-jv •
2,612,145
$4,956,447
$2,259,600
—2——-power/operating
Purchased
X
*
.
Gross earnings
155,
X.X-.x-X?: x;:^;x/;XX,
Xx'Xxv- X' XX-':'X
2180.
Brown
&
Sharpe Manufacturing Co.
nual Report—■
.
.
.
Income
for
Y'ear
Ended
Sales, less discounts, returns and allowances
Other
1.
155,
,VDec.
.
31,
l_
1941
151,363
income
:
$43,757,110
Manufacturing cost of goods sold
Selling, general
;
$2,326,076
—
2,630,371
159.
26,491,645
Canadian International Trustee
;
—
XA~—-
of
income
taxes-^.
their
consolidated
paid
Earnings per common
"Includes
net
income
for
year
share
$31.64
-
profits taxes of $7,307,494..
Note—Plant depreciation expense charged to
excess
goods sold, $1,224,675;
to selling expense,
and the original shares $0.244178 per share.
of
these
coupons
shares
,•
,
have the privilege to reinvest the proceeds
shares, at the then prevailing offering
in additional
including July 31.
$4,385,640
2,703,090
—
a
price, less a discount of 5%.
Rights coupon No. 24 must be presented
to
take advantage of this privilege, which may be exercised
up to
9,704,117
and
Dividends
1
series
per share
Holders
93,337
for Federal
July
2,082,369
charges
Shares—Dividends—
distribution of $0.113617 per share-was-made on the
participation shares and one of $0.109924 was paid
on the original series participation shares.
Payment was made at the
General Trust Co. of Canada.
On Jan, 2, last, the following distribu¬
tions were made:
$0.120968 on the modified shares and $0.11309 on
the original shares.
In 1941 the modified shares received $0.249888
On
modified
1,000,000
and administrative expense—
Provision for contingencies
"Provision
,
$43,605,746
income
Total
Other
(& Subs.)—An¬
X;V-'"X:;i,X
Statement
Dr8,640
by 344,012 no par shares in 1942 and 335,112 no par
tRepresented by 250 shares in 1941 and 2,915 shares
1942 of cumulative
purchase
company's class A preferred stock
not to exceed $10 per share.—V. 155, p. 2003.
Balance of
Total
the
$912,836
share
common
'"'••Borrows $5,000,000—
■
Co.—To Purchase
1,333,365
of $1,637,483), $2,239,043; patents, goodwill, etc., $1;
charges, $116,781; total $20,046,271.
X- ' '• • XX';./ ;
payable, $2,000,000;
accounts payable, $929,187;
X
customers'
deposits and credit balances,
$454,404; accrued salaries,
wages, commissions and additional compensation,
$373,398; dividend
on preferred
stock, $33,351"; accrued taxes, other than Federal income
and excess profits taxes, $253,790; reserve for Federal income and ex- V
cess
profits, taxes, $1,414,384; $5 cumulative preferred ,stock (26,681
no
par shares), $2,668,100;
common stock: (450,000 no par shares),
$4,500,000; capital surplus, $4,032,221; earned surplus, $3,439,653; com¬
mon stock held in
treasury (5,345 shares) Dr$52,217; total, $20,046,271.
outstanding.
authorized
137,296
1,111,638
Liabilities—Notes
the principal amount of
of
Consolidated
■■
earned
$2,037,435
133,405
;ir
135,959
Dividends and accounts
Due from
and
receivables
1942, prices for investments, as noted in the
balance sheet, the net" assets of the corporation on that date amounted
to $18,488,939, equivalent to $54.20 per share of preference stock out¬
standing,. after deducting shares of such stock held in the treasury.
Based
promissory note in
issued
Brown F«nce &
The
deposits, $26,734;
'"XX-.•
X'512;594
in cash
June
Balance,
!
tax
yr.
$3 .conv. >;;/■•
opt.
.
pfd. stk. paid
$7,500),
y
$791,844
per
Operating
notes
$3,999,924
Total
above,■
$2,383,497
deferred
X
$3,600,000 presently held by Blackstone and being the only debt securi¬
ties
1939
prof, on sales of sec.
Write-down
px
$2,036,887
422,000
in respect of properties sold, $64,090; sundry
stocks, bonds and
advances, $38,344; land, $273,175; buildings, machinery and equip¬
ment, improvements to leased premises (less reserve for depreciation
for funds previously used for capital additions. X
XX;-".vyiXXXX
Montaup also plans to simplify its capital structure by the issuance
to Blackstone Valley & Gas Electric Co. of 30,000 shares of its common
$4,429,002
■725,185
period-
aver,
shown
surplus, $1,833,657;
156, p. 75.
capital
130.000
able
1942.
■
$4,538,695
for
based on
t
'
1
;'
$4,905,837
*■':;■ 844,736
$5,485,784
31
Dec.
income
Net
Surplus Account
1942
6 Mos. Ended June 30—
Balance,
of
in
company,
sales of securities was credited or charged directly to earned
loss on
for
for
reserve
for incentive com¬
contracts, $42,208,631; real
'
X':' 445,000
106,763
695,000
Consolidated Balance Sheet,
$2;
reserve
$81,000;
4,170,935
$6,156,388
Crl00,121
905,000
Surplus
Brockton
ties received as dividends,
or
on
$832,364;
4,838,623
5,892,202
dividends
Earnings
:<
166,113
Taxes
income....
etc.,
reserve
instalments
par),; $521,756;
terest
$912,961
Expanses
X
shares of common stock of Montaup Electric Co., also a sub¬
sidiary of Eastern Utilities, to be issued by Montaup to reimburse that
company for expenditures made for capital additions; $460,000 to be
applied to payment of short-term bank loans; $165,000 to reimburse X
158,619
■
~~4~,470
(less
.12,750
1939
$694,152
$722,938
33,942
"$8j2,745
.
income..
JNet
1940
taxable.:
partic.,
fixtures,
$6,737,133
X: Year Ended May 31—
1941
1942
dividends.
...
inventories
-Earnings—
June 30—
stock div.,
Opt.
advances
current
total,
Sell., adm. & gen.
Interest
$795,078;
taxes;
customers'
(less
($1
(Gross profit
Blue Ridge Corp.
Cash
fees
$533,080;
580,745
$7,946,999
,
"
1941.—V. 152, p. 3801.
6 Mos. Ended
accrued
545,923
—
$25,000), $3,- X Common dividends 2^—2-2.
unpaid under
accounts,
$7,401,076
$9,279,089
profit;
Preferred
$7,603,480
$8,721,932
charging depletion of
•After
tAfter
and
Net
receiv¬
permission
Cost
———.X
1939
726,374
Special chgs. and credits, net-
and
'
Total
Years
1940
$8,552,715
X. Total income
r X X
1
a subsidiary of Eastern Utilities Associates, has Asked
to issue and sell privately to one or more insurance
companies $1,900,000 of notes, series A, 3%, to he dated July 1, 1942,
and due July 1, 1952,
•
'
.
/
It is proposed to sell the notes at not less than 100% of the principal
amount plus accrued interest.
Proceeds will be used as iollows:
$1,275,000 will be invested in
SEC
101,546
5,000,000
—2,056,911
.........
Surplus, earned..
.X.X.I;;XX.""
XX\,"
Calendar
$20,796,823 $16,901,234 $13,745,522
8,755,491
7,580,758
6,315,758
202,776
179,682 ■ "
159,370
Profit
,
$504,177
1,008,995
151,849
5,000,000
State,
Reserve for
——:,
Other income
Net
•
payable 1-2.2+-----.
county and Federal taxes—-u—
workmen's compensation..—-j.——
Accrued
$7,603,480
$8,721,932
-
X-.-X
Liabilities—
doubtful
1941
accounts
Brockton Edison Co.—Plans Note Sale—
The
shares
Accounts
and
mortgage
surplus,
'
,
——
_
Excess profits tax—-X
payable, trade and miscellaneous, $2,915,619;
mortgage payable, current, instalments, $7,500; .commissions
income
common
(John) Bertram & Sons Co., Ltd.—Extra Dividend—
'
31,
$12,975,569;
contracts,
$0.66
;
$318,750; reserve for contingencies, $488,000; deferred income, $78,067;
The directors have
...
for
Account
Federal income taxes
possible
estate
pensation,
"»
declared Aft extra dividend of five-cents per share
in- addition to the regular semi-annual dividend Of 15 cents per share
on
the -common stock, par $5, both payable Aug. 15 to holders of
record July 31.'
Like amounts were disbursed on Feb. 15, last.
On
Aug. 15, 1941, an initial semi-annual of 15 cents was paid.—V. 155,
p. 396.
and
expenditures
cost-plus-fixed-fee
for
estate ?
'
i
.
profit
Expenses, etc.
for excess profits "tax.
at Dec.
as
hand,
on
allowances
unreimbursed
Gov.
Federal
the shipment of 167,000 tons of
tons of plates; of the latter, 56,000
converted strip mill formerly devoted to
One furnace alone produced 43,000 tons of
■
for
reserve
and
X
105,000
$0.02'
..
payable and accrued, $64,601; accrued" liabilities,
suits, claims, penalties, guaranty repairs, etc.,
of capacity, pro¬
155,617
sheets.
banks
78,141
,
■/WXX,'1X?;|-U\\2,:■*:V'X;.'
$0.54
x Liabilities—Accounts
included
was
S.
in
•:
considered necessary
or
$233,878
128,478
;>X:
$0.02
•
.
$9,976
•
:
51,270
1,050
engineering data, designs, tools, Jigs,
deferred charges, $902,991; total, $50,248,949.
accounted for by a
automobile .body
■
total
the
material; and
structural
■'';X:
Income
Depreciation X
———»
—
$1,130,079;
ducing 1,005,000 tons of steel in 30 days, according to E. G. Grace,
•tons were
v
assets, $168,141; flying field, $354,218; land, $183,414; buildings
(less reserve for depreciation, $26,401), $278,790; machinery and equip¬
ment, at cost (less reserve for depreciation and amortization, $307,770),
Steel Corp.—Operations—Shipments—
Bethlehem
;
40,931
sales
Gross
other
in
company
$285,148
losses, adjustments, etc., $445,000), $20,048,568;
suppliers, $4,477,692; cash in bank—restricted for
advances to sub-contractor, $478,509; deferred contract costs
(charge¬
able
directly to current contracts as work progresses), $5,464,514;
the past quarter is reported to have acquired a
.75% interest in a cotton spinning mill in Lincolnton, N. C.,
increas¬
ing the supply of cotton thread available.
Company; still has some
silk remaining, but none of this is going into civilian business, it is
vjsaid-—155, p. 2179..
—
- —.
*;.v
The
$51,957
.
Subs.)—Annual
(&
X'
■
1941
advances to material
Co.—Acquires Spinning Mill-^xX
Belding Heminway
;
(less
reserve
ties of $2,984,505 on June
p.
.
$280,057
X'vX;.
;
provision made
253,382;
cash of $540,703,
$2,778,515.—V. 155,
.
;
Consolidated Balance Sheet
current liabilities were $3,387,408.
This compares
current assets of $8,485,930 and current liabili¬
and
$8,788,171
$1,179,815; accrued payroll, $567,988;
local taxes, $10,242,966; customers' advances
Pr2,077
"129,503
•
155,128
'.com;
Assets—Cash
Current assets as of June 30, 1942, including $613,211 cash, amounted
with
'
of
stock
$236,275
$0.83
$178,238
$0.51
$126,184
$0.47
$84,668
$0.23
■/-XXv/';X"-- V'/.".■ •-/X.; /"./.•, /X-X/ / X;;
:
.
payable,
Consolidated
$287,226
44,447
,
!— X-■ $12,808
sh.
per
mon
"No
'''
•
745,000
-
—
Dividends
.
'
Earns,
31,-1941
orders,
Report—
5,690
•
$454,007
"358,500
Net income
$341,738
163,500
tax—--
unfilled
on
Cr83,281
•
$46,267
48,548
.
749,264
/
—i.-
taxes
$292,897
$193,284
income
Total
Cr474,444
$405,459
$1,789,895
$1,865,572
Special charges
$167,168
Other income
-
income
6,244,718
$300,652
Dec.
Prov. for Fed. and State
$6,537,615
$148,804--y $166,105
H' ;
18,364
27,178
Operating profit
».
Cr592,757
75,677
Income charges
1942—6 Mos;—"1941
$6,544,469,
3,278,037 .?• 6,243,817
Sheet,
acceptances),
accrued Federal, State and
1938
$1,490,338
Net
X
Investment Co.)
trade
Liabilities—Accounts
X
$141,724
$3,444,142
\
,
Years
1939
and
■
airplanes, etc. Cr3,544,290
Gross income
Sunlahd
$3,189,293
Expenses,
Calendar
(accounts
_
mental
Prof,
1942—3 Mos.—"1941
sales
Net
for
1940
ables
$478,684; reserve for contingencies, $2,000,000;
capital stock ($50 par), $6,931,000; consolidated surplus, $12,576,062;
1,181,599
..•■■
'/■ total, $33,976,515.—V. 155, p. 2092.
process inventory
Cr2,508,514 Cr5,070,729 Crl,405,887
Drl04,793
DeVel. costs on experi-,'■
:'■//■;.X :'■
',-X.■::'
X,",
Brunswick-Balke-Collender Co.
;
controlled company,
(And
(& Subs.)—Ann.
Account
Balance
securities, $6,961,114; receiv¬
$4,315,010; inventories, $12,"'•'•vX
411,121; investments, etc., $297,785; plantf, equipment, special tools, -A
drawings, patterns, at cost (less reserve for depreciation of $13,057,398),
Report
$9,151,291; prepaid expenses, $115,646; total, $33,976,515.
'
,
-
.
1941
Barker Bros. Corp.—Earnings—
"
Consolidated
Assets—Cash, $724,547; U. S. Treasury
Assistant
Secretary and
sales
Other income
"'X;
249
Officer—
Assistant
$27,482,961 $10,112,301
$960,591
Costs and expenses.—
31,745,870
15,370,328
2,794,655
Increase
in
work
in
:
.V.'.. ■> X.■"■■••
,\V/X-X'.' ]„ ■■■"
f
Balance
appointed
75.
Consolidated
Net
$707,942
305,794
260,424
•>
T.
Brewster Aeronautical Corp.
260,194
.
$101,060
76,448
65,165
————1/
Dividend
been
533,517
60,446
$181,643
80,583
—.
has
Treasurer.—V.
$2,559,500
745,779
683,841
83,549
22—■
$2,821,325
841,832
,
'145,500
.
Corp.—New
Janda
J.
1942—12 Mos.—1941
1942—3 Mos.—1941
Fisheries
Booth
(& Subs.)—Earnings—
Co.
Bangor Hydro-Electric
Period End. June 30—
-
THE COMMERCIAL & FINANCIAL CHRONICLE
1
manufacturing
$4,128.
.
cost of
Canadian National Ry.—Earnings—
;
Week Ended July 7—
Gross
revenues
1942
2—_—$7,004,000
1941
$5,417,000
.
THE COMMERCIAL & FINANCIAL CHRONICLE
250
Net
Bond
Feb. 28, '41
$4,391,579
$358,291
171,360
$1,262,737
162,312
interest
150,390
592,774
194,782
190,371
and
funds for
requesting
purchase
the purchase
an
extension
in
the
from
of bonds
acquire
through
to
of time
•
__
Depreciation and amort.
additional
$261,370
either
bonds,
by
of tenders, or both.—V.
solicitation
156,
160.
p.
market
open
'
;
,
or
■Commission, of
Shares Trust—42-Cent Dividend—
Century
counts,
etc.
—:
and
inc.
for
Directors'
payable
4,700
3,325
1,640
1,325
$797,996
$370,552
2,080
"$8,522
1,695
*$372,632
»t$6,827
*t$79,599
invest.
from
cents
"$80,716
1,117
-
____■
Feb.
on
profit
"Before
■":
■
)"
Sheet
Balance
v...-'
Cash
in bank
and
hand
on
to
Work
(less reserve)—_—
receivable
in
90,000
at cost, plus overhead
progress
Inventory of finished stock,
2,335,480
Department of Public Works, subsidy accrued—
Cash
deposit with
on
Deferred
Investment
advances
to
wholly
subsidiary
Other
1
——:—
and
In
16,154
owned
417,200
Fixed
assets, net
3,877,199
loan
$985,587
$325,850
2,349,786
1,472,229
National
overdraft, secured—;
bills
and
Accounts
defense,
payable——*
sales
Reserve for income and
Deferred
liability
other
and
taxes
105,701
2,300,000
profits taxes—;
excess
;
Consignment accounts payable, contra
Bonded
7%
redeem,
stock
Common
preferred stock
from
—
—
—_
3,611
105,607
2,000,000
Treasury.
2,415,000
of
601,454
Gross
income,
eral
tax
Cost
of
1,248,550
$12,666,158
Prov.
for
:
1941
1940
$449,411
$344,912
$378,472
287,909
273,395
204,653
211,527
1939
and
income
earnings
Earnings
per
—V.
p.
155,
94,291
86,679
65,666
July
$89,337
$74,593
from
$5,
$0.07
$0.07
$0.06
10
Treasury
and
the
its
won
report
the
on
activities
of
1942
and
of
York
The
all
time
mark.
been
Over
for
it
and
now
93%
war
of
that
appears
the
business
June
will
accepted
affords
estabMsh
by
50
record
cents
July
Carrier
the
District
in
in
first
This
40%
represents a
preceding
of
As
1942
000
while
capital
of
time
was
last
made
on
H.
to
the corresponding
over
liabilities
Carrier
$3,529,000.
were
which
compares
excellence
of
a
in
post
Carl
formerly
of
works
were
General
manager
Ostling,
A.
Holton
Mr.
work¬
net
$4,263,000
at
156,
Judge
Feb.
one
star
Manufacturing
with
the
members
of
has
July
cash
;i
the
Subs.)—Earnings—
be
made
July
on
V
comr
30 to
sales
Net
after
discounts
Cost of
deduct,
(4
•
The
___________—
—
on
L.
interest
Co.
*
;
has
Igoe
the
on
Ry.
first
and
entered
the
$1,478,158
plan
or
156, p.
y
income
62,950
of
Interest
on
funded
debt
Z
72,164
the
p.
River
Power
Amortization of deferred charges of subsidiaries
assets
fixed
3,193
25,616
25,616
expenses____
'
3,377
sold, dismantled, etc., net_
.
is
taxes,
j
156,
etc.—V.
Sale—
on
:
£-\
-
and depletion
246,633
273,149
is
244,000
Federal
569,500
7,519
profits tax—
Co.
(&
profit
/•■ $518,013
Markets New
638,410 common shares.
$0.69
$761,235
:;
The
v
of
directors
The
4%
the
the
have
has
in
1942.—V.
income
>v
for
Panhandle
See
155,; p.
2181.
""
'
'
The
■which
and
SEC July 10 Issued a supplemental order extending the time in
corporation may acquire by purchase more of its first mortgage
lien gold bands, 5% % series, due Jan. 1, 1953, at 100 and
first
accrued
interest.
Central States last
year proposed to use approximately $5,300,000 for
the money to be obtained through sale of certain of
The time limit for purchase of the bonds expired March 31,
1942, and the company filed an amended declaration setting forth that
this
its
purpose,
assets.
1
~
'
$126,264
43,955
$50,244
•
V;i
18,184
-
706
•
14,332
$64,571'
$141448 v :
*
170,725-
$522,348),
•
■
;
,
$11,906;
1*
I
22,615
•
40,977
//
6,811
$102,766
$35,150
'
1
$339,301;
other
'assets.
.
accrued
f
"
;
bonds
at
$180,000.
of
lower
a
»" 1
M
\
fund,
total.
7
!
1
'
•»
Co.,
.
annually
Louis,
St..
June
15,
Mo.,
1943
corporate
■■
•,
obligation
of
Commissariat
Illinois,
and
are
of
the
Holy
further secured
property located in
Cook County.'
v/y.v
.
issue
is to refund present
outstanding Indebted¬
interest, 'y;-...
of
the
are
-;
kilowatt-hour output totals of the
past four
with last year:
yiy//-
'*
.«■
Kilowatt-Hour Output.
■
/
y.
1942
20___^
1
;
156,
The
weekly
-
-
k
-
12 4
143,552,000
/
/;
'
5.1
■
-"0.1
'r
4.9
"
■
Southern
&
'/
132,294,000
149,225,000
14.9,122,000
160.
p.
.
143,239,000
7
150,635,000
Commonwealth
-
>yy, % Increase
1941
150,550,000
4riy- 148,646,000
June
.
weeks and
comparison
27_
Corp.—Weekly Output—
kilowatt-hour
output of electric energy of subsidiaries
adjusted to show general business conditions of
territory served for the week ended July 9, 1942, amounted to
192,219,533 as compared with 168,659,956- for Ithe
corresponding week In
1941, an increase, of 23,559,577, or 13.97% ^—V. 156, p. 160.
^ y
of
of
shares
payable
Trust
j
Edison group of companies,
to other electric utilities,
for the week of July. 11
inc.rease over-the corresponding period of 1941.
Fol¬
sales
5.1%
a
June
$0.54
805,734
the
rate
I Week Ended—
July
11
$438,515
tOn
&
•
the-direct
are
purpose
at
July
i
$0.57
r.
principal
Eank
.
*
$457,926
1942;
,•
this
corporation
•
1942—26
Wks.—194l'
$5,384,671 $36,666,608
head
of
the
y/
$26,703,475
magazine
He
succeeds
Junior
Tom
Flanagan,
Grade,
in
the
The company on July 15 announced that production of the electric
its system for the "week ending July 12, 1942,
amounting to
136,000,000 kwh., compared with 144,100,000 kwh. for the^^
correspond¬
ing week of 1941, a decrease «f'.5,6.^.yyv'y?:y.vy,':y/.y/v/;f'.:'.'y-y,.'../^y;
plants: of
<
Obituary— "
division
who
United
Consolidated Edison Co. of New York, Inc.—Output-^
;
has
■
2004.
\\
Gas
States
-
..
.
;;
Electric Corp.—Sale of Holdings of
Stock by Columbia Oil &
&
Oil
Phillips Petroleum Co. Approved—
Corp.,
The Securities
on
&
the
404,326
to
Phillips
for
Co.
shares
of
common
for
adjustment.—V.
the
,
approval
$10,436,826
156,
p.
of
the
Eastern
This
Co.
shares
of
block
and
subsidiary,
proposed
.
...
Pipe
sale
Line
by
the
subject
to
Co. common-'stock
interest
•
.
Wholly-Owned
Eastern
leum—
Don
tion
;
M.
Wilson,
Common
Vy
Stock
to
on
and
dividend
Phillips
"y-
v
■
S3JS9.364
6,671
Miscellaneous' income
.
1,668
.V"
July 10 announced that this
corpora¬
signed an agreement to sell to Phillips Petroleum Co. the
404,326 shares of the common stock of Panhandle Eastern Pipe Line
Co.
(approximately 50.1%
of
such
shares)
beneficially
owned
by
is
to
July
be
1,
Oil
at
the
increased
at
price
of
the
rate
$25.81
1942, until the date of
of
per
share.
$52,184.13
per
This
^243 575
Expenses
•Property, .social security, capital stock and franchise taxes^
.'
/Profit
before
bond
1
and: Federal
interest,
income
tax
/ -76,628
^
deprefeiation,". amortization
(see deficit
aggregate
calendar
month
closing, which must be within 90
y
account)_________
in. bank, and
Sheet,
May
Subsidiary
31,
:
$57,5(
1943
Companies]
,■
V/'.'
hand, $73,089; cash held by co-trusti
indenture, $44,876; accounts and notes receivab)
trade (net); $31,637;
fixed assets (net), $4,720,129;
prepaid expensi
and deferred charges, $87,650; total,
$4,957,381.
• /
?
Liabilities—Accounts
payable,
trade,
$8,568;
accrued
liability
$4,051; taxes payable or accrued, $2,275; accrued interest on bond
under terms of
on
trust
.
at
3%
.
per
annum,-
price
$9,344;
from
702,500; capital
days
Balance
[And Wholly-Owned
Assets—Cash
petro¬
has
Columbia
»
;
■
,
■.
....
President,
Companies]
' ■'Vy Service income
f Columbia Oil & Gasoline Corp.—To Sell Holdings of
Panhandle
Co;—Earnings—
Subsidiary
Earnings for the Six Months Ended May '31; 194'}
/ Income: ".v;
latter•
representing 50.1%:
outstanding, would be sold
77.
I And
Columbia t
of rstock,
Panhandle
cash,
its
!
Rentals(net)
/
company
Panhandle
Petroleum
total
(
and Exchange Commission has set July 28 for a hear¬
application of
Gasoline
'
'
-
V" A-
below.
Consolidated Office "Buildings
"
Common
Gasoline
&
*.
,
Harold R. Henderson, assistant in charge of the advertising depart¬
the Consolidated Edison Co., died on
July 15 at White Plains
N. Y.—V. 156, p. 160.
yy\y• • /j-yvy.;
'
ment of
Consolidated
V
i"
'/
'
v
15,
lowing
t
"
Higher—
% Hearing by SEC July 28— '
a liquidating dividend of $10 per share
certificates of beneficial interest, payable
1.—V. 155, p. 635.
SEC Extends
95,042
30,526
A
Electricity output of the Commonwealth
?-V,;'V■i^>l'p-
p.
Eastern
Columbia
Phillips
—
'
■
payable,
Mutual
1942—6 Mos.—1941
"
?
taxes.'
been appointed
155,
Gasoline Corp. to
the
Light Corp.
-$185,106'
123,320-
Sheet, April 30, 1942
depreciation,
.
to
Central States Power &
i
y879,002
-
yyV:9,294
$131,071/
$1,056,518.
showed
Federal
and
„
1942—5 Wks.—1941
Lieutenant,
a
Reserve,—V.
of
Time for Bond Purchases—
1,039,840'N
$290,95$
; V>$259,412
;
1940
,■-
$1,330,792 t $1,064,108
/Commonwealth Edison Co.—Weekly
Output—
■
$1,960,651
,
$0.27
department.
commissioned
Naval
(Del.)—Liquidating Div.—r
declared
participating
Delaware
„
1941
.
k
140,023 1
year
June
The
1942—6 Mos.—1941L
$1,874,058
$217,948
2275%:^:;^,''.::";
publicity
ing
to holders of record Sept.
15
Sept,
'
ness
.
of
of
on
p.
John Richmond
Oil
Central Coal & Coke Corp.
1942-
—.——
for
total,
percentage
depreciation
.
$7,414,111
155,
Columbia
155, p. 1504,
required
the
Report—'X'-pPpPlpp-':
$303,367
1,571
allowance
111., valued
Clarion
Columbia Broadcasting System^ Inc.—Promotion—
Siding Material—
centers.—V.
extent
of
up
1505.
-___iyyai,y;:y40^75Ay"y.r-33,431-A.'
operations_i
on
1954.
•v
granule
16-inch
on
are
depletion,
taxes
Federal
low-cost
new
M
1942—3 Mos.—1941
Sales
$1.07
siding material with a colorful and weatherproof
surface that eliminates painting has just been put
on
the market by this corporation, according to an announcement by
Bror Dahlberg, President.
/y i yvyy
?y,y ;-y(
The new product, called "Celotex Mineral Surfaced Backer Board,"
can
be used over any kind of sheathing, it was said.
For temporary
construction it may be applied directly to framing, provided the studs
A
mineral
155, p.
1,279,033
____________________ y
excluding
Subs.)—Earnings—
' •; $0.26
Period End. June 27—
been
Net
Earnings per share on
to-the
winding
$1,726,642.
>
r :••
income—-
These
1 •
-
$1,602,681
$207,854
and
and
Cross, a corporation incorporated in
by a first mortgage deed of trust on
equitable to
stock
-
profits
share—-
shareholders
,
/
.
tax res.
Dela¬
•
;
198,000
69,698
excess
Other income taxes and contingent
in
'
7,799
Dated
.
fair and
capital
915.
1942—3 Mos.—1941
excess
Oil
dissolution
expense
trustee.
218,720
,
Court
and accrued divi¬
par
$447,609
through
and appropriate to
necessary
proposal
or
amortization,
charges
on
Commissariat of the Holy Cross, Lamont, 111.—Bonds
Offered—Dempsey-Tegeler & Co., St. Louis, are offering
Co.;
of the Act;
11
Colonial Stores Inc.—Sales
—V.
Federal normal income taxes and surtax
Provision
District
*
income
-
capital stock.—V. 155, p. 2181.
30,782
12,240
-
for depreciation
7,434
2,456
deductions
Federal
par
shares), $240,950; reserve for preferred stock sinking
$73,012; earned surplus (subsequent to May 1, 1933),
$150,376;
$1,056,518.—<-V. 153, p. 97.
'
'
'
participating capital stock$
proposal
Iron
profit
"After
Dela¬
classes
$79,000 first 3-3lk% mortgage real estate serial bonds,
Co.—Hearing
participating
155,
Period Ended June 30—
per
in
prejudice to
.or
liabilities. $11,180;
dividend payable, $15,213; allowance for
taxes on income (State and
Federal), $174,882; provision for reduction in stated value of one share
78,162
4,360
—
Amortization of debt discount and
Loss on
$1,574,662
:
interest
interest,
Earnings
96,504
$1,797,205
of the
_______
Liabilities—Accounts
"
-
.
proposed plan
and
Court
with
the .class
preferred capital stock at $15, $15; deferred notes
payable, $100,000;
preferred stock (7,971 no par shares), $278,985; common stock
(24,095
$0.33
$1,546,858
taxes
Gas,
named
.
no
$0.78
Federal
the
expenses
income
(less
160.
$0.06
of Section
profit
"Net
income
Total
Other
$1,734,255
of
Lucille I.
one
Columbia
defendant
dismissing
expense?
$22,071;
"$157,584
Cliffs Corp.—Earnings—
before depr. and depl..
U
Columbia
for
expenses
"Decrease.—V.
6,821,951
___~___£&.C-__2:—
income
order
Balance
Executive
$369,685
interest,
Cleveland-Cliffs
.
Oil,
Assets—Cash, $280,827; receivables (less allowance lor doubtful ac¬
counts, $1,500), $52,134; inventories, as certified to
by the management
■at
the lower- of cost or
market; $314,595; prepaid expenses; $6,157;
other current assets, $41,432;
land, buildings and equipment, 'at cost
South
&
$29,424
* y
of
order
bonds
mortgage
$8,300,109
8,685,991
court
law
Net income
,
Calumet
& Pacific Ry.—New
public holders of the
Co.—V.
Power
income
$10,420,246
Court
-!.'v
provide, among other
■;:v.:■' -y v. -■•
•;■**
Columbia
members
all of
Federal, Wisconsin & Kansas taxes
1942—5 Mos.—1941
Clarion
such
public- holders
River
"After
/y/i
but exclud. deprec. and deplet—_
Net profit from oper.
Other
allowances and
all
.i-
Total
^
$0.13
the provisions
Whether
the
sales, includ. selling and administrative
expenses
Other
freight,
to
——
/ Other
reconvened
the
of
Whether
(3)
1941
1942
Approval
Delaware
Net
courl
a
160.
p.
City
,.
of
assets
effectuate
♦Net
6 Months Ended April 30—
Appropriate
.
•
(&
Chancery
and
remain¬
•
:
to
in- the pending anti-trust suit;?
Interest
common
Whether and to what extent the interest of Pennsylvania Electric
in The Clarion River Power Co.
should be subordinated
to
the
Interest
of
Corp.
Delaware
plaintiff
Other income
15.
will
Michael
1
share_
Period Ended June 30—
Celotex
running
their
all
the
?
terms
V
directors, and all other parties
actions;
.yAyyy ."V-i/'y "■ - •
Gross-income
capital
Co.
resigned.
Appointed as executive assist¬
N. Campbell and Earle D. Williams, both
R.
releases
of
of
the holder of
and
Administrative
$60,654
>
_______
has
applica¬
shareholders
common
settlement
transfer
Gas,
stock.
their
by
...
,
(2)
Vice-President,
the Carrier factory organization.
F. F. Hoyt,
Comptroller, has been elected a Vice-President.
//////'■'./■.
The corporation has been designated
by the Navy Department to
do an especially important war production job.
This involves Carrier
acting as a prime contractor and the order placed is the largest ever
received by Carrier Corp.
The product to be turned out is something
completely new and falls outside Carrier's regular lines.—V. 156, p. 76.
long-time
plan
yCost of sales______i__-—
of
depreciation,
SEC
pending
iyi-iiy Income Account for Years Ended April.80-v•
stock of The Clarion River Power Co. should share in the
assets of that company and/or of Pennsylvania Electric Co. as acquirer
ing
added,
Manager,
of
title
preferred
the
the
full
the
Columbia
■
Sales
the
hearing, Aug. 13, on the plan of Pennsyl¬
vania Electric Co., a subsidiary of Associated Electric Co., to absorb
the Clarion River Power Co., a subsidiary of the former.
(1) Whether and to what extent the public holders of the participat¬
the
been,
has
Carrier
to
to
in
and
Columbus Foods Corp.—Annual
„
-
The
.
with
Oil
Oil,
corporation and the sale of its assets.—V.
,vv.
with
suspended the
liquidation and
in
is
on
/...*•■••/•
■'
Clarion River Power
the "E" another six months.
pennant
by
effective on July 15.
succeeds E. M. Durham, Jr., who resigned after 6'/a
com.
to
Appropriate court orders of the Federal District
(g)
quarter
1942—Month—1941
160.
p.
19.
May
Holton,
the
"E"
on
record
of
became
per
"After
totaled $8,996,-
Accordingly,
with
production,
war
Navy
new
share
.
each
-*
the company's chief executive officer.—V.
income
Earns,
$18,024,000.
months in the
Corp.
y- •;
by the Navy Department to fly
succeeding
ants
totaled
distribution
share, met,
per
Columbia
and
,,
Orders booked during
have
year.
presentation
John
year
current assets of
$5,467,000,
was
For " continued
assumed
increase
earlier.
year
fiscal
$1
in
outstanding
the
the
law",
Commission
the
■
claims for that-amount
and undistributed - profits
taxes
closed
Chicago
Co.,
Farrington
as
"Net
■//
1942,
current
authorized
The
a
the
prejudice
of
approval
by Delaware
by
dends, of $1,000,000 class B preferred stock of Panhandle Eastern
beneficially owned by Columbia Oil; : rv ? ■■
ryyy
(e) That at the time of closing Panhandle Eastern shall not be a
"public utility company" or a "holding company" within the definitions
thereof contained in the Public
Utility Holding Company Act of 1935;
(f) Approval - by the Securities and Exchange Commission of the
11
(ft) ■ plan; ' ••''yy
yy.: ■ -.''yy
'.
Cincinnati Street Ry.—Earnings—
has
period.
May 31,
ing
same
of
paid
argument
tax
Exchange
Stock
15.—V.
Period—
months
seven
Chicago,
Mr.
high
new
a
order
yv: (d) The-retirement by .Panhandle Eastern,-mt
1942, .prior
30,
abandon
share in
a
Court
appointment
years
Backlog of unfilled orders at the end of May amounted to $18,375,the
to
corporation
■;
Rys.
purposes.
000, or more than double that of
per
holders
to
share
Dealings—1
books
v/'/
Chicago
the
required
an
without
be
the
Oil,
of
of general
and
ware
John D. Farrington as chief executive officer
of the Rock Island Lines, approved by Federal Judge Michael L. Igoe
largest month in the history of the corpora¬
tion with respect to orders booked.
May was the second largest month
of
-
taxes,
.
total, $9,760,674.—
cents
20
31
per
April
profits
Chicago Ry.—V. 155, p. 598.
$0.07
corporation
of
v'.->v
parties
(c)
and
tenth share of the Chesapeake & Ohio? Ry.
a
payment
the
was
subject' to
extent
behalf of-whom-such
suit
is-purported to-be brought, air actions
brought by Missouri-Kansas Pipe Line Co.; and Lucille I. Damman, or
both,-against Columbia Gas, Columbia Oil, and-other party defendants';
'
following:
April of
Oil's
for:
the
entr;»
said plan'is not. consummated, contemplates
Columbia Oil's oustanding debentures, the dissor
of Columbia
officers
(b)
■the
$9,760,674^.
Chicago Railways—Interest Payment—
The
the
of
July
$6,990,082
a
agreed
transfer
authorizing
Corp.—Interim Report—
interim
Oil
interest
pending
' ••
$150,000
expenses
$414,282;
cents
including
Chicago, Rock Island
An
in
49,400
;
totgl,
dividend
a
25
excess
New
of
'
154.
Carrier
at cost,
payable
with
and
to
dealings.
stock
holders
.
$98,463
share
declared
July
on
14
ordered
'£</ ■•'/./
t
' 68,482
$94,780
_
their
y-
*
r
10,673
and'/.accrued
treasury,
par
1941,
income
Federal
taxes—
Columbia
Damman,
* $61,173
'
<*•">
y
Elec-
•;-v
A distribution of
•
deprec. deplet.
Net
t
.
the 90
^
.
which,
to
prior
would
all of
agreement
Selling
mon
.■'■■//W.
min-
chgs.
in
have
The
1936-38
On
Ltd.—Earnings—
$476,979
less
.
(including
$9,419,838';
Stocks Suspended from
$8,038,336
1942
mint
&
,
tax.
stock
production
$75,842
•
_
33,013
,.
custodian
payable
compares
Corporation
has
3 Mos. End. Apr. 30—
>
Chesapeake Corp.—Tax Claims Abandoned—
;
152, p. 3963.
Cariboo Gold Quarts Mining Co.,
\
extend
(a) The delivery by Missouri-Kansas Pipe Line Co. and
/
$75,631
to which
distributions of 20 cents per share were made.—V.1 155>
•. ' "
•
i
2181.
p.
2,000,000
par)
——
JA The
16,800
V
337,187
2,506,500
___
Total
with
$7,575,074),
stock,
31,
quarterly
v
—V.
Jan.
•
.,
of
Columbia
$77,974
.
■
This
102,881
(53,000 no par shares).—
Deficit
23.
2,415,000
($100
deposit
held
directors
common
July
2,506,500
—
—
cumul.
13,102
Cherry-Burrell Corp.—Dividend Decreased—
v
3,611
indebtedness
$88,944
13,340
however,-to
,,
that
event
Columbia
plan
Oil
the
to
submission
•
the
ing net assets
1940".
"
1941
•
$88,971
portfolio securi-
on
2455.
p.
The
120,904
498,546
—
Reserves
1942
___J-
in-first, out".-basis-
(47,032)
155,
the
and
'
3,951,248
$8,038,336
Liabilities—
Bank
of
quotations,
shares
V.
>
_
—
lution
$14,388; dividend payable July 15, 1942, $69,772;; capital stock. ($1. par),
$1,043,771; paid-in surplus, $9,041,130; undistributed income, $5,895;
3,611
$12,666,158
_——
Total
.
in
payment of
■rights and
•
Phillips,
days.
(e)
Columbia
subject
such
tions
the
of
Liabilities—Accounts
172,312
3,611
—_—___________
sales
"first
on
market
402,589
172,312
—-—_——
investments
Consignment stock as per contra.—
•that
was
1941, and
V.i'J.
right .in
30
'
V.Vfyp?*
,
1,
also
ware
80,414
178,465
259,954
compares
Aug.
155, p. 596.
stock,
re-de¬
posited by custodian with three other banks), $312,513;.receivable from
sale of capital stock, etc., $2,459; dividends receivable, $25,865; invest¬
ments, substantially all in common stocks, at cost (value based on
16,154
118,287
;
trustee for bondholders—
charges
This
on
the
on
Inc.—Earnings—
(before gain or loss on
portfolio securities)^..!
of
on
Assets—Cash
886,296
703,098
,
declared
/y'.Balance Sheet, June 30, 1942
1,543,009
2,087,313
y
stores and supplies
profit
ties,
90,000
3,283,384
alloted—;
stock
capital
been
—
sales
agreements from subscribers
Amount due under
Accounts
Net
,
Net loss
$5,141
$5,264
:■/,•
has
and
11
an
shareholders of
things,
V,'
■
1941.—V.
dividends
Expenses
Feb. 28, '42 Feb. 28, '41
Assets—
share
per
Quarter Ended June 30—
and Provincial income and excess
'!
/
\:.Vv
Dominion
for
fLoss.
profits taxes.
<-
$800,099
___—
providing
1,
Chemical Fund,
Income—cash
Net
cents
1 to holders of record July 20.
share paid on Feb. 1, last; 41 cents
Aug.
cents per
52
------
——-
2,102
fees
42
—
52
2,300,000
Profit
Income
20,000
133,773
375,000
-
exc.
est
profits taxes,
of
dividend
A
the
Exchange
Reserve for doubtful ac¬
Prov.
with
additional
an
K The transaction, which has been approved by Columbia Gas &
'tric Corp., provides for the submission to the Securities and
•'
>1
,
July-10,
day's for
150,390
742,522
unexpended,
still
was
Feb. 29, '40 Feb. 28, '39
Feb. 28, '42
profit-
operating
of available
approximately $145,000
Canadian Vickers, Ltd.—Earnings—
Years Ended—
Monday, July 20, 1942
■total,
income
$258,637;
mortgage and
stock
$4,957,381.—V.
($1
155,
lease
collateral
par), $9,542;
p. 239.
deposits
and
advance
rental
trust sinking fund bonds
$4
deficit, May 31, 1942 $37 53'
Volume 156
THE COMMERCIAL & FINANCIAL CH-RONICLE
Number 4091
Consolidated Wagon & Machine Co.—10-Cent Dividend
The
directors
share
per
on
cents
share paid on Dec.
per
This
9
10 to holders of
payable Aug.
retail
sale
and
800
stockholders
in
located
stores
scattered
25
some
it
States,
fiscal year at not
rent
Holders
itself
4026.
to
total
—V. 149, p.
of
Corporate Investors, Ltd.—Earnings—
Years Ended
-
Income from
Other
paid to three exec, officers
Directors'
General
Legal fees
-
■
and
Dominion
vincial income and U.
S.
sales
of merchand.
Deprec.
18
Net income for
the year——,
3,164
Balance
Assets—Cash
:■*
.
in bank,
1942
$21,040; reserve
$914,915;
%
$52,841
42,208
-
,
10,569,494
$128,166
32,175
$308,713
$160,341
107,131
60,677
stk.
Radio
taxes
of
&
and
bonds,
on
1941,
and
stock.
84,760
64,200
42,253
45,847
share.-.$1.71
$0.72
in
department
1940
administrative
cludes
and
income
$32,085
in
of
including
expenses,
$99,664
has
sell
set
series A,
for
Years Ended
i
April 30—
Consolidated Balance
Gross oper. income
(& Subs.)—Earnings—
$9,186,885
Operating charges
Depreciation,
aepietion
and
amortization
Net
1941
!'
$6,666,678
1942
:■
7,840,235
6,112,153
Assets—Cash
1939
$5,615,893
5,185,193
1940
$6,451,753
5,546,4^8
(less
oper.
467,416
516,342
$388,913
52,358,
in
$0.23
in
provision
1942,
bad
Dan
Nil
v
$32,058
selling,
for
and
'■
estimated
at
the
29
1972, at
$61,809,
$990,000
The
104.
which
of
proposal
company's
companies
first
amount
to
mortgage
of the
expenses
$36,920
is
a
V.
in
C.
Stop Nut Corp.—Resignation—
Hungerford has resigned
and
debts
and
amortization).
Electric Power & Light
$In-
Period End.
Sheet, March 31, 1942 iy-
hand,
.;.y-
Operating
accounts receivable,
repossession losses $147,100), $1,301,203;
on
Vice-President and
as
a
director.-*
155, p. 1011.
general
$626,502;
May 31—
Federal
Other
1942—12Mos.—1941
^
^
33,393,639
10,762,461
revenues
29,669,789
Maintenance
stores
Corp.—Earnings—
1942—3 Mos.—1941
Operation
and warehouses, $4,951,583; investment, at cost,
fixtures, store equipment and leasehold improve¬
ments, at cost (less reserve for depreciation and amortization $704,250),
$327,696; deferred charges and prepaid exps., $41,281; total, $7,253,716.
t$20,33B
24,273
July
insurance
3%%, due July 1,
are
Elastic
56,066
,
$5,445; furniture and
451,037
$87,109
-
banks
for bad debts and
reserve
merchandise
,}
.
558,734
—
in
11.6
any companies
a
31,583
49,535
tlncluding
(exclusive of depreciation
profits tax of $477,714..
.
Cosden Petroleum Corp.
11.2
11,164
Co.—Hearing Set—
hearing
three
to
Subsidiaries
-
8,272
96,391
$1,472
f:
54,475
>
$48,646
1939.
losses
excess
73,624
107,555
—
to) to redeem presently outstanding first
sinking fund bonds, series A, 4Va%, and series B, 4!/2%,
1, 1961; (b) $42,500 to reduce short-term bank loans now out¬
standing in the amount of $142,500; and (c) $2,300 (balance) to be
paid into the treasury of the company.—V. 156, p. 161.
11,647
dividends.,--
repossession
surplus,
Corp.
service
81,896
Light Co
premium of $36,920 referred
26,558
,
9.0
mortgage
$201,583
$34,658
$39,678
>
■ 1
%
12,375
due Oct.
$403,963
Earnings per
Corp
xlincrcfds©
Amount
138,185
the redemption of outstanding bonds and $10,000
selling agents' fee or commission to be paid to Battles & Co., Inc.;
Smith, Landeryou & Co., and White, Weld & Co.
The company pro¬
poses to apply the proceeds as follows:
(a) $923,000 (apart from the
is
in
™™_™
com.
Preferred
'$2,053; earned surplus, $26,744; total, $971,135.—V. 155, p. 1752.
$678,846
150,560
-
premium payable on
.
Majestic
Telev.
profit
Divs.
(less reserve),
cost
for
against. invest,
Light
&
1941
figures do not include the system inputs of
in both periods.—V. 156, p. 161.
SEC
issue
24,573
net„_.
Light Co
Edison Sault Electric
The
$15,105
24,226
profit.-
earns.,
&
Power
1942
not appearing
10,197,081
$284,487
Net
'
.
distributable
$5,000;
11,286,021
Drll,864
v
Power
The above
&
Mar. 31, '40 Mar. 25, '39
Net profit a-™—$1,082,809
;
dividend
($5 par),
13,316,865
amort._
oper.
♦Includes
shares
class B
sold
Power
National
$14,464,031 $11,634,360 $10,752,370 $10,272,596
$1,094,673
Res.
payable May 15, 1942,
for Dominion income taxes, $1,269; class A shares ($5
$115;
payable,
17
60,410
Provision
accrued interest receiv¬
$14,143;
-1
(inch wholly owned subsidiaries)
53 Weeks
Year Ended
Mar. 29, '41
with the corresponding week
compared
as
Operating subsidiaries of—
American
Electric
before Aug.
or
on
54,709
$971,135.
total,
Liabilities—Accounts
parj,
Sheet, April 30,
and
41,280
investments in marketable securities, at
able,-$797;
$956,195;
hand
on
$56,485
.
48,245
Light Co.,
Thousands of Kilowatt-Hours
The corporation obligates
63,852
Net
3,078
$58,361
:
.
share.
a
52,493
cap.
Dividends
merchandise
and
Miscell.
294
2,391
&
were as follows:
transaction
2,705
Pro-
taxes-—
Power
during 1941
cumulative
Years Ended
tCost
4,900
4,963
—75
516
1 ;
for
5%
2,500
2,579
its
share.
a
preferred shares
Mar. 31, '42
tNet
$66,455
,
2,500
V?..
-
paid
Provision
494
$69,646
4,811
tender
to
Period—
$65,961
2,638
'
_.™™—
invited
are
,;'y.''-;;
702
v
2,500
fees
expenses
interest
r'
of
purchase at such price all preferred shares tendered up_ to the
3,000 shares required to exhaust the $56,250 appropriation.
1940
$68,944
•
■
566
$71,217
...
Salaries
■
$70,651
%V. ' '
™_™.<
holders
to
than $25
more
Consolidated Income Account
1941
1942
income
Total
..
April 30—
investments
letter
a
for sale to the corporation at $18.75
announced.
was
sent
stock advising that $56,250 has been appropriated out of
earnings during the past fiscal year, to apply to the purchase of pre¬
stock for retirement, to the extent obtainable during the cur¬
Utah, and 29 whole¬
Idaho and Wyoming, has some
Utah,
among
has
ferred
Lake City,
in Salt
corporation
preferred
record Aug. 1.
This compares with 25
20, 1941, and 10 cents on Dec. 20, 1940.
with offices
company,
tional
Davega Stores Corp.—To Purchase Pre! Shares—
The
declared a dividend (No. 109) of 10 cents
the outstanding 150,000 shares of capital stock, par $5,
July
on
251
$
$
134,887,915 116,137,186
10,130,167
44,793,125
41,173,608
1,620,371
4.829,530
2,290,673
15,677,153
5,671,263
8,182,446
3,062,333
3,183,861
13,412,617
12,559,783
taxes
taxes
1,436,093
6,248,977
Property retirement and
deplet.
res.
approp.__
5,406,202
4,546,970
22,087,889
18,107,999
Net
operat.
revenues-
7,712,742
8,082,025
32,668,154
30,442,087
Other
income
Liabilities—Notes payable, banks, $2,000,000; accounts payable, $998,659; accrued compensation, taxes (other than Federal income taxes),
-
profit
"
Non-oper; income,—,—
$787,915
69,409
'
"
t
Total
income—
•'
192,408
Prov. for Fed. inc. taxes
1
Net profit -J
♦Of subsidiary
.
Note—No
,
Federal
'
".I..
■■
194,553
;
226,323
-
TLoss.
'
•
provision has been made
Consolidated
Assets—Cash
hand
on
Balance
April 30,
Sheet,
demand
and
'
tank
deposits
car
collateral
as
earnings,
oil
crude
on
and
notes
7'
purchases,
$8,500;
that
'-
A
*
*
i
accounts
payable,
$29,000;
(current),
$541,800;
tank
trust
car
Daily.
surplus,
$343,519;-
V*V-*1940
*1941
.■
Gross profit, after
goods
sold:
Selling,
deducting cost of
general
-**
administrative
and
-
:—
expenses
M.
to
—
for-doubtful
Miscellaneous
.
.
total,
•
,
2,127
•'
'
3,
1,516,412
14,560
1,942
-55,379
1
Other income
.
,11.857
Prov.
for
Provision
■
Bank
>
V.v
evacuation
pos,
for
leaving
Miscellaneous
Provision
68,653
f
16,146
reserves™™™
$232,293
:
-11,978
%
for
^
profit, J
pref.
on
,,
.'
year-end rates of .exchange,--
Profit-
•;
>
•.
-
cents
succeeding
$208,852
to
of
profits
accruing
1,184
of
dividend
y-,,4
Balance
profit
Dr508-;r.;;Dr59,458
for
'
2)r86351
in
1.
.i'--:; $163,874 v!;;
subsidiaries
located
in
the
continental
European
tries.;'tAll-subsidiaries included except Coty S. A. R.
Societe
Franchaise
1941
des
Cartonnages de
coun-
(Roumania)
trade
notes
of
raw
and
accounts
materials,
receivable,
finished
and
Dec.
10
cents
less
$524,964;
reserve,
partly
finished
products
.
$72,775;
Bond,
•
this
trade notes
'
;
follows;
as.
consolidated,
company
balance
of
$463,291;
and
$56,631
reserves,
consolidated,
paid-in
$5,374;
surplus,
25%
15.
directors have declared
allotment
This
on
Aug.
certificates,
compares
1,
1941,
with
$1
dividend
a
minority interest
stock ($1 par),
earned
1,
year-end
a
of
share
surplus,"
,:.
cents per
1
to
holders
paid
on
and 85 cents on Jan.
26,
Jan.
1941.—V.
4,
June
Dec.
interest
stock
50 cents and
stock
common
of
extra
50
the
ICC
on
Company
Fieldale
west
Counties, Va.
July
of
to
1
issued
a
certificate
of
26,
155,
permitting
of
less
in
exchange
Sept. 30,
p.
40
Dominion
stocks
(less-
9,745,953
7,400,795
410,316
1,573,717 ;
to
1,643,936
earned
of
"
con-
surplus
1.651,768
tBased
subsidiaries
inc.
V.""'
-
end
at
from
each
Account
of
of
the
Company
$776,589
;
Total
taxes
Federal
Other
1942—12 Mos.—1941
$3,372,760
619
v $926,374
$3,373,379
28,392
taxes
Bal.
"115,799
before
May
for
31,
$2,848,695
$2,820,796
410,316
1,573,717
1,643,936
% $398,266
$1,274,978
$1,176,860
Federal
1942,
amount
161.
p.
$808,582
$242,274
provision
the
to
156,
75,076
19,697
350,917
389,305
™—
ended
ditional
19,516
389,369
$631,579
deducts-
income
months
4,931
— 84,469
interest,
etc.,
of
taxes
for
$8,055
required
the
and
under
Revenue
16,066
15,755
$357,987
—
of
and
Canada
$401,031
at
$15,897,
Liabilities—Accounts payable
and
S.
accrued
dollars),
$67,516:
in hands of
shares
sinking
and
fund
par
equitv
bonds
available
preferred stock
shares),
series A
quoted
market
$89,084;
$4,242,456;
($100
$1,579,210;
provision
Eastern Sugar
July
The
ing
New
York
trust certificates,
$1.—V.
155,
fixed
assets
prepaid
and
for
premium
and
355,380
734,914
99,485
1,490,706
1,049,660
$159,887
$2,683,144
$2,729,525
3,652
77,506
57,533
$156,235
$2,605,639
$2,671,991
6,512
75,541
50,180
$162,076
revenues
income
$162,746
$2,681,179
$2,722,171
32,827
33,777
398,407
386,028
1,699
19,754
20,597
756
429
41,195
16,053
$126,773
$126,842
$2,221,824
$2,299,493
8,632
8,63?
103,579
103,579
$118,141
$0.19
$118,210
$0.19
$2,118,245
$3.52
$2,195,914
$3.65
costs
May
1,
1949,
$2,500,000;
capital deficit,
$2,433,000;
$2,758,075; deficit,
deductions
inc.
income
Stock
™™™
div.
for
requir._
com.
divs.
&
surplus—
Earns,
per com.
share—
'
♦Debit.
,
:
;
;
inc.
,
,
tax &
Fed.
excess
155, p.
1942—Month—1941
V
surtax-
profits
$68,935
$899,004
$743,886
44,308
17,929
347,048
115,846
2365.
.
j
ating
American
•
For
the
week
companies
Power
ended
of
&
July 9,
Ebasco
1942,
Inc.,
which
are
Electric Power & Light
of client
oper¬
subsidiaries
Corp.
and
of
Na¬
:
..
"s"
'
•'
.
stockholder of the company.
the propriety of the plan, which calls for the
in amounts sufficient to cover preferred
stocks
presently held by the public, and argued that, among other
things, sinking fund requirements as proposed in the plan are entirely
inadequate.—V. 156, p. 79.
:
brief
issuance
the System inputs
Services,
Light Co.,
'
Opposition to the amended plan of recapitalization of the companytaken July 9 in a brief filed with the SEC on behalf of H. M,
was
Services Inc.—Weekly Input—
-
Empire Gas & Fuel Co.—Plan Opposed—
The
Ebasco
1942—12 Mos.—1941
$83,471
tax
-■'■'V
Exchange has admitted to unlisted trading vot¬
representing $5 cumulative preferred stock, par
surtax and excess profits tax
follows:
as
Fed.
1
:
Note—Provision for Federal Income tax,
is
stock
common
•;/.
Bergman, a preferred
by
212,790
discount
expense
Net
Pfd.
™_™
'
of debt
Miscell.
on
1676.
p,
54,622
15,848
;
income
Gross
value;
Associates—Listing—
Curb
78,031
151,460
$187,720
:
Balance
for subsidiary
companies'
20-year first collateral trust
par),
1,860,835
274,606
1,720
operat.
Bal.
due
$6,587,725
1,902,138
*9,796
™™™
Explor. & develop
Amort,
accrued liabilities, $617,062; taxes,
deposits and unredeemed tickets,
(including
public, $1,537,991; 6%
convertible
cumulative
no
interest
bond
$7,205,974
31,890
$21,776
accrued, $76,926; salesmen's
$77,156;
1942—12 Mos.—1941
141,457
19,990
Interest
assets,
Tor'depreciation, $2,921,086),
charges, $62,279; total, $5,694,486.
[Company & Subs.]
$487,341
165,644
Taxes
6,418
$357,732; accounts receivable,receivable,
$1,457;
investment
in
bonds
12
ad¬
296,472 yy;: 372,836
;
:
Provincial
and
1941.—
24,019
.
banks,
interest
$461,029;:
of
$602,845
*
Depreciation
'
Act
(Del.)—Earnings—
1942—Month—1941
revenues
147,469
41,001
months
respectively,
$171,871
Operating
Operation
1941
'
three
$14,426,
the
-
Period End. May 31—
;,!
!
45,618
in
907
.,
$3,266,486
4,920
deductions
Interest,
V.
*28,053
Maintenance
—
and
$3,265,579
112,037
_™™™
™_™_-
etc.,
•
$776,589
taxes
Expenses
145,980
,
hand
V
Only
275
™!
; $588,274
foreign funds for bond int.—
on
whether
common
$926,099
Other™.
$561,034
—
——
5,756,859
periods
the public of
respective periods.
1942—3 Mos —1941
subs._.
8,172,236
respective
to
holdings by
upon
of
V :
2,032,157
requirements applicable
unearned.
El Paso Natural Gas Co.
reserve
deferred
cents
abandonment
2,442,473
389,305
etc.,
Income
1509.
$164,075; inventories cost, $316,372; other
the
398.
19,697
350,917
deducts.
dividend
or
—V.
record
last;
19,516
389,369
50
$436,300; total, $5,694,486.—V. 152, p. 4121.
on
4,931
84,469
2,041,073
int.,
other
carried
♦Full
Ltd.--Annual Report—
_______
reserve,
that portion of its line of railroad extending from
Stuart, approximately 26.5 miles, in Henry and Patrick-
and
earned
an
Creamery Co., Limited, held by public.
*
.
before
deductions
♦Includes
cents;
——
on
75;076
4,920
112,037
approving a plan of recapi¬
on
and
an
p.
.
taxes——
Bal.
declared
___L_
paid
profit
(99,020
share
—
'
prior pref. stock, par $100 per share, and
155,
&
Period End. May 31—
Danville & Western Ity.—Abandonment—
The
115,799
'
Corp.
subs.™
155,
which provides for the creation
new
$1.—V.
31,
Assets—Cash
.
value
.
28,392
of
Expenses
and
cents.—V.
75
2
Income Account,'Years Ended March 31
Crescent
7%
y
.
40
payable Aug.
per
of
7,846,485
Light
,
,
yy y.^>y' C«n8«iidated Balance Sheet, March 31, 1942
pay-
Credit & Investment Corp.—40-Cent Dividend—
The
.10,270,637
■r;^*Applicable: to preferred shares of Acme Farmers Dairy, Limited, and
^
accounts
common
$1,260,270;
$553,918; total, $4,723,955.—V. 153, p. 1127.
y
907
2,560,265
Electric
.1—
2,186,083
taxes
v——W 28,053
Bal.
♦Proportion of profits—.
U:
not
subsidiary
7,845,578
619
Federal
on
C
,7
March
Profit before depreciation—-——
panies
a
share
per
par
regular of
a
Depreciation
due
$1,537,435;
10,270,018
275
Net
■
able. $352,180; accrued taxes, $321,612; other accounts payable, $66,603;
owing to directors, officers, and staff, $33,866; due to subsidiary com¬
in
2,559,990
Other
.-'.-y
supplies, at
cost
or
less,
$990,011; other- accounts receivable,
$26,810; other assets, $69,537; investments, $1,204,462; property ac¬
counts
(less reserves for depreciation,
$247,013)"," $699,938;" prepaid
expenses
and
deferred charges, - $27,651;
intangible assets; $54,021;*
total, $4,723,955.
:
;
'
'
.
,
overdrafts,
7,845,578
&
income
Int.
'*
'.k
^
1
July 28
on
1942,
of $6
of
no
\
Net
1941
and
Liabilities—Bank
10,270,018
of
Electric Power
/,
and
^
Luxe S; JA.; Ty:'
Consolidated Balance Sheet, Dec. 31,
.1-*. Assets—Cash-on hand and demand deposits, $860,086; investment in
y British Government securities, at cost (quoted market value, $268,441),
inventories
2,559,990
976,833
.
to
interests™
equity
Power
succeding
a dividend of 50 cents per share on the
value, payable' July 22 to holders of record
A similar distribution was made on April 15, last, making a
$1
so
far
this year.
Payments in 1941 were as follows;
of
-
and
v
$266,475;
2,186,083
Light Corp.—
equity (as above)—
2,186,033
Other income —:
T
applicable
sol.
were
and
29,
shares
stock,
15,
'
X-
397,135
$201,069
307,487.
all
385,061
yx%:y.U:
June
Provision for income
y Dividends-paid
♦Excludes
116,515
Net
J.
Freight Agent,
1942
the
_^_^_^yy $227,715
year.
i
,,
being.net
8,242,713
95,712
,
1'
each;
issuance
.
Premium
•
10,655,079
public™
Net
Operating profit
^
2,676,505
to
Comparative Consolidated Income Statement
to
minority intei-ests
7,885,682
2,281,795
in
Assistant General
1
•'
Eastern Dairies,
.
Net unrealized exchange loss arisy,
.
?
-ing from translation of .net cur-./..i<* rent assets
i-'';-.
.4,070 i. y 21,199 Cr78,567
Proportion
16,128,395
7,688,916
4
.
•i
18,543,995
1,971,420
construct.
has
Agent,
the late W.
General Freight Agent,
to
a
1598.7
p.
directors have
..cents,
.356,441
$244,531 :
dated
17:
total
July
,
,
,
4,647,925
1,972,817
Early & Daniel Co.—50-Cent Dividend—
The
$565,293
•
155,
.>
common
'
-a—.-,
$232,293
4,254,612
divs.
Net
i.- ' 102,443
.
:
Cr41,645
minority
company's offices are located at 462 Broadway, New York, N. Y.
Redlich is Secretary. f
y ,
'
Milton
101,720
-
t
'
• -
Cr54,843
tPortion
outstanding pref. stock on the basis of one share of $6 prior
stock and one share of common stock for each share of pref.
* 285,870
$244,531
$232,293
,
Crl5,751
traffic,
stock held.
July
Total
-
Adjustment of profits to remittance
50
of
the
$244,531..*: $462,850
^Vr--
^
Cr20,055
chgd. to
:
Balance
the
.v.:;; The
2,382
<
v; 346,724
,
Freight
General
*
declared
The stockholders will vote
for
-8,121
t \
Vice-President of
Manager,
promoted
<•
have
Payments
2,
issue
3,813
-137
M
339,302
_™A™-;-™—Ll—,-vfpreign exchanger flucfc.,;
Profit.
Reserve
taxes
2,105,807
1,071,040
a dividend of 25 cents per share on the
stock, payable Sept. 1 to holders of record Aug. 14. A similar
was
made on June 1, last, as against 50 cents on March
talization
25,105
"
-
11,672,916
2,056,411
(The)-Durst Mfg* Co., Inc.—Proposed Recapitalization
$567,359
' 322,502
28,110
,
v t
2
for-income
>
r
^
(net)
charges
Appropriations to
;/*./
expenses, v-
indemnities,,
and other interest
11,422,709
526,097
230,724
Gross
40,3,74
99,227
y $631,480 y/ $889,861
$587,740
,
is
Farmer,
Silcora,
F.
l*
4
1918.
for
V-
F.
C.
Joseph
16,
Sellers
*
by
170,122
$562,827
<
2,868,804
♦Pfd.
<
Freight Traffic
*
1942.
Sept.
r
$575,883
2,850,597
249,558
distribution-
>
being profit fromi opers.-
debt
529,725
Int,
$175,329;
unappropriated,
long-term
on
y The "directors have declared
"
Balance
400,219
30,842,306
deductions
Dictaphone Corp.-—25-Cent Dividend—
"
.
made
X
f
p.
64,146
'
371,158
33,039,312
interest
common'stock, no par value, payable Aug. 1 -to holders of record
July 20.
This compares with 20 cents per share paid on May 1, last,
and 30 cents per share each quarter from Feb. 1, 1941, to and includ-
$2,393,495
883,548
19,914-
—....
175,774
8,257,799
other
the
.
•
accounts™-
expenses
surplus,
J.
directors
common
719,178
•'
-
Int.
Other
.;'.,:tl939
$1,518,255
-
151,695
7,864,437
—
Other
profits
excess
Diamond Shoe Corp.—Smaller Common Dividend—
y7 The
-
$1,381,250
Depreciation of property, plant and
I
equipment, ,*,
Provision
-h
-
——...
and
Total
Consolidated Income Statement for Years Ended Dee. 3
..
income
A. Ehlers is promoted to Assistant to General Freight Agent,
succeeding Mr. Stumpf.—V. 156, p. 77..
Coty International Corp. (& Subs.)^-Earnings—
f
Is
July
ing Feb. 2,—V.
•
Federal
? ' Martin
;
cer¬
car
trust-certificates, $116,000;" first mortgage 5%
convertible
bonds, $1,801,732; reserve, $2,743; 5% convertible preferred stock-($50
par?,* $2,133,295; common stock ($l~par), $465,794; capital surplus,
-
deferred
Stumpf is promoted
succeeding Mr. Sellers.
tank
earned
E.
Sikora.';
William
liabilities, $110,929; provision for
Federal income tax, $225,242; contracts
payable, trade, $103,479; 3 Va
paid-in surplus, $335,437;
$6,378,289.—V. 155, p. 1675.
promoted
Mr.
accrued
$125,546;
'
3Va%
effective
been
accrued
$77,862;
r:'■[> Liabilities—Note payable, trade, secured, $13,773; contracts payable,
$30,000;
for
Delaware, Lackawanna & Western RR.—Promotions—
Announcement
*; $4,434,412; other assets and deferred charges, $134,434; total, $6,378,289.'"
tificates
(net)_
income
Balance
accrued interest receivable, $1,772; inven¬
tories, $998,222; investments, $8,342; property, piant and equipment
(less provision lor" depreciation, depletion and amortization $2,036,855),
trade,
laws,
Gross
1942
acceptances and accounts receivable, trade (less allowances for possible
losses $64,554), $525,313; accounts receivable, officers and employees,
$5,958;
profits
excess
existing
customers' deposits against unde¬
balances, $124,154; provision for Federal
taxes, $600,932; provision, based on rates
credit
preferred ^stock, $56,250; earned
total; $7,253,716.—V. 154, p. 1698.
tax.
$183,474;
deposits,
and
$18^,638;
expenses,
and other
taxes and New York State tax pending liquidation of deferred sales
contracts, $294,199; preferred stock ($25 par), $830,000; common stock
($5 par), $1,054,500; capital surplus, $935,055; earned surplus appro¬
priated for purchase fund requirements of 5% cumulative convertible
is .believed to be required for
or
profits tax or declared value excess profits
excess
under
'L
other
sales
income
t$203,966"
'"
and
livered
207,902
"
*
rents
»
$3,935;
$178,723
t$50,010
t"
•'
1
231,609
30,938
;
"1,286-
$438,594
company.
;
$441,271
$145,830
Income charges
V
58,720
lf
1
$857,324
of
questioned
3Vs>%
debentures
*HE COMMERCIAL & FINANCIAL CHRONICLE
252
Balance
,
Subs.)—Earnings-
Endicott Johnson Corp. (&
53 Weeks
104,510
*
$7,163,664
Total
income
•
$1,783,039
78,923
etc.
—-—contingencies--
Interest,
Prov;'for
Federal
tax—_
income
284,810
"
+•
£»*• ■
dividends.---
■total,: $5,699,212.- 7"
$729,981
sh. on 405,shs.
com.
stock
On April
1,216,080
*$289,389
*$320,022
the
•
$4.88
/A'
• Consolidated Balanoe
v .. -
Sheet
and
Prepaid taxes,
:
'
v ■ 'V
notes-payable at-the
90,910
147,949
325,169
272,053
351,487 -/
295,364
10,718
held
Accounts payable,
Inventory
20,268,000
5,500,000
reserve
Miscellaneous
reserve
Earned surplus
3,661,534
''■ '•
'.7
under
•:
or
principal
make any
likewise
contracts,
w
Corporation
it
expects, to
forecast accurately
Account
for
Year
the
balance
y st
•••
8,780,850
7,798,954
Dividends
borrow
with
tracts
eral
Empire
;
to
-1
trust
will
company
' "
corporations.
"
■
.//; ./-//■
/ .Letters currently being forwarded, to stockholders state that a plan
has been worked out with Empire Trust Co. under which it is proposed
that the
trust
company
will take over the investment department
presently maintained by the various corporations of the group and
mergse it with its own and will furnish the managements of the respec¬
tive-corporations with recommendations regarding purchase, sale and
retention of securities. : These managements feel • that the combined
investment department should provide a satisfactory source of informa¬
recommendations
will
addition,
in
and,
hand
On
excess
_7_—__
;
,
profits taxes.
bonds.—V.
156,
p.
retired
$995,500
its
of
;
J
161.
Sheet, Dec. 31, 1941
in
banks,
;
....
,
,
9
Abg.
12
Aug.
holders
to
with 75 cents per share paid
compares
on
payable
8,
Distributions of
1941.
anti Dec,
20,
1940.—V.
155,
on
25
record
of
'>
'•
on
29.
that
year.
,7
operations
the
in
fiscal
past
phonograph equipment, were
v.-7
t
•
.
■
more
Other
262,908
olas,
services
President,
have
been
7'
stockholders
told
the
in
the
for
report
•
•
.
,
Shs. cap.
accounts
customers'
$8,531),
$433,580;
"For
be
'
'
'
.
7.J,
:
the
to
first,
measured,
by
activities
present
resourceful
//'New
be
can
tv.
*
the
as
the
serve;
of
7..'
result
-
the
the
nation's
result
being
are
stronger
a
7'\-s //:7I;;7
v-
.
in
effort,
war
and
,«
7;;7"
:.;-;/;/;'7
developed, opening
new
methods of manufacturing are being
backlog of civilian demand is being built
new
a
of
cancellation
civilian
production
for
the
v.://""7
r'7'7;,;1://7;7'vv:';:' •'
ASj^or present operations, the report stated: The company's unfilled
orders, which, because of war. conditions cannot be disclosed, are suf¬
duration.":
ficient
to
the
cause
plants
at
capacity
part of the balance of the current fiscal year."
Income
77--t7
Gross
to, operate
&
see
7.
_____
surtax
sales,
products
1940
yi
royalties
and license fees
•Cost of
77
$10,433,119
sold—
.
;
$5,165,905
7 5,332,203
9,707,372:
:i-
86,390
13,559
.
•
*$166,302
7 491,543
share-.;
amounted
for
and
543
87,358
49,767
Other Income
•
Pj^fit after other income.——_
$813,105
*$116,535
170,867
N^fc' profit
"Including engineering,
...
fLoss.
1,679
*$708,286
„—
$642,237
25,800
■
+$181,857
and
Ended,
"/y
A
2,137
2,244
J
j
124,222,956
972,868
3,454,165
3,104,394
3,261,928
199,770
232,354
235,243
;
114,037 /
//; £53,731 /;/: 956,014
£
*$296,223
/
77'/:
Nil
$78,153.
tiNo
depreciation,
no
of
$814,527),
$77,115;
expenses,
payable &
1,093,254
807,095
tax__
244,244
—A/AS
2,380,295
dividends
year
S.
Gov.
Share of subsidiary profits
Royalty
Ending Dec.
I' v
'
Total
-
-•
unexpired
7
taxes,
$5,788,895
7 80,000
1,580,000
7 432,607
less reserve—L__
etc.
376,429
389,185
747,195
:7 651,051
9,771,201
—
1
1 /";/Z77
vj.
^
local
and
State
investment
taxes
and
other
exp;
stock
1,464,748
-
certificates
"
excess
prof.-tax
($10
(627,634
289,100
306,780
' 1,467,020
594,238
//—
par)—
shares)
no par
1,256,520
913,727
!
672.437
;
70.070
•
6,977,422
6,977.422
__7—_____ 18,889,476
18,492,334
—Dr241,143
Dr327,170
surplus
stock
•
______$37,896,568 $32,405,643
•
,
.
outstanding char¬
been developed by its technical
director, Gilbert
This luminous product, which is technically known as
which- had
Schmidling.
Strontium
finished
form
is
Sulphide,
is
produced
in
electric
furnaces
fine
crystalline powder, which acts as a
being exposed for a minute or two
light, or to any other suitable light source, it becomes so fully
with light that for well over 24 hours thereafter it continues
battery for
with
7,552
$16,529
_-';■"/
,
5,
acteristics
6
'
,
and Products—Corporation was organized in New York
1940, for the purpose of producing commercial quantities of a
superior type of phosphorescent luminous pigment of
$23,994
.
---/
1
$37,896,568 $32,405,643
7-': " :7''
'
a
Upon
2,638
and
in
storage
to
day¬
charged
to
glow
light in the dark.
ness
of
This characteristic of giving off light in dark*
of time, whenever it has been momentarily
remains without deterioration through any num¬
When properlv applied and protected this luminous
long
over
activated
ber
light.
by
periods
light,
cycles.
material
account
14,257,569
___—;/ 9,703,823
York.
June
'
_7_—"
production
.
7 735,724
—20,464,501
assets
Luminous
31, 1941
,7■/•;/'■■;-i 77-:/- 7
from
J
$5,324,029
Company
(491,-
■■
Profit
.
Mar. 29,'41
Capital Stock—Authorized, 100,000 shares (par $1.50); Issued and to
outstanding 100,000 shares (including the 37,485 shares offered).
Registrar and transfer agent, Registrar & Transfer Co., 2 Rector St.,
New
Federal
$855,234;
$24,081
Expenses
_j_
securities-
speculation..
be
i-y/'Si
■
Mar. 28,'42
Fluorescent
Pigments/ Corp.—Stock
Offered—Leigh
Chandler & Co., Inc., are offering 37,485 shares of
capi¬
tal stock at $2 per share.
The stock is offered as a
80
,,A.
$3.38
:
ferred shares in
tax.
received
«.
*7 s \/
income.'
724,534
$3.34
,
♦After depreciation of $5,515,693
in 1942 and $5,812,071 in 1941.
tRepresented by 9,057 common shares in 1942 and 1941 and 6,897 pre¬
1941.—V. 155, p. 1120,
Z .
, «
- /
Nil
profits
;
689,434
$3.06
.
losses)—
(less subs,
income
Dividends
460,399
$2.90
.
haind
on
receivable,
preferred
its
Year
333,875
stk.'/ /
!
tTreasury
shares), $2,457,715; earned surplus, $784,424; total, $4,187,155, p, 918. '
/
for
2,739/075* 2,774,366
7
4,163 7":
5,605
2,045,478"
2,044,226
1,903
2,046,417
-Total;
8%
par
Revenue Account
;•
2,046,420
548,755
7:
2,503,719
•-•'
___
_____
Common stock
491,543
capital stock
1941—estimated, $90,000;
532,757
Reserves
1941.
$719,124;
___
______
prof.
Reserve for Federal income and
*Loss or deficit,
equipment for
expenses,
25,034
149,021
51,540
______
*5299,269
total, $4,187,373.
accrued
3/497/l76
7: 145,556
.
7/
dividends—-
Accrued
7-_-—•
/7 /
Nil
excess
3/491,550
4.v. 22,622
7 314,941
237,774
payable, bank-v—
—$4,000,000 "'77
Accounts payable —**'
4,455,706 "* $4,043,523
and
for
provision
4,003,678 > 3,653/936
48.112-77 23,180
——
*$175,778
491,543
491,543
■>
7
40,765
Notes
*$299,269
*$175,778
*$296,223
7
______
charges
./.Liabilities—■•'."'
.
*$276,152
.... 39,295
-
146,033
:
will last for years.
This product
completely non-toxic and harmless to use.
contains
no
Vadium
and
is
7 Management—The .officers and directors of the corporation are;
William L. Verch,
President and director; Henry. S.- PreScott,!•-VicePresident and director; Frank R. Turner
Jr., Secretary-Treasurer and
,
,//' Net profit
A
$19,167
Consolidated Balance Sheet, Dec. 31, 1941
7
Assets—Bank balances, $94,788;
tories,
casing
"
t
/
accounts receivable, $194,006; Inven¬
hand, $3,680; investments, at cost, $66,102; invest-,
ment receivable (contingent), $20,000; fixed assets, $2,233,115; prepaid
insurance, etc., $1,479; organization expenses, $10,975; total, $2,624,145.
/
on
Liabilities—Accounts payable, $37,797; income taxes payable. $43,157;
$787,207; capital stock (1,476,940 no par shares), $1,410,692;
surplus, $18,564; iminority interests, $326,728; total, $2,624,145:
reserves,
earned
—V.
150,
p.
7/77
3973.
/; ■'/;
Firestone Tire & Rubber Co.
/'.'VA/v'7
.•
1940
.
1939
after
deprec., Int.,
:
1
Federal taxes, etc.™ *$5,193,024 *$4,789,165
$2,565,661
Shrs.com/stk.outstdg.
1,931,541
1,936,393
1,933,992
Earnings per share—— "
$1.97
$1.75
$0.60
♦And
and
provision
provision
of
for
Federal
$1,500,000
excess
for
profits
additional
tax
($5,095,648
1942
and
1941.
reserves
for
Crafts,
director:
Thorn"*
H.
Watson,
director;
and Clayton E. Varney,
Boston'.
Financial
.
mature
for
17
months,
in
the
amount
of
$8,700.
the
It
costs incurred, and to be incurred, in relation
ing Will be $800, ■/:
7.
.Ay///.
Purpose—In
proceeds
.
The
to
the
funds
that
event
corporation
realized
all
will be
will
be
nf
the
shares
is
to
its
estimated
that
present offer¬
■'
offered
are
sold
the
$42,000.
used
to
retire
accounts
payable,
to
pro¬
vide
$2,851,538
1,936,458
•
$0.75
in
adequate stocks of raw materials and, through adequate workine
capital, to support a planned sales extension of its luminous
pigments'
particularly in relation to the
1942)
contingencies
/■■■ ,:■
v:
.
.,/■•/'
Note—Current period earnings include profits of foreign subsidiaries
which were remitted to the company during the period,—V. 155, p,
2457.7 '
Griffin
Condition—Corporation has no bank loans and no con¬
tingent obligations.
Its current accounts payable are somewhat less
than $5,000.
Three of its stockholders have each advanced $1,000 to
the corporation, which is to be repaid to them, and it is also
indebted
to
one
of
its
principal stockholders'on
a
long-term loan, not to
.
.
(& Subs.)—Earnings—
1941
1942
Av./A/A
director;
Charles L. Gleaves, director, New York,
Follansbee
The
directors
Steel
have
war
effort and national defense.
Corp.—-Defers Preferred Dividend—.
taken
no
action
on
the
..
July
An
1
on
initial
the
5%
cumulative
quarterly
April 1, last.
convertible
distribution
(See V.
155, p.
of
$1.25
1212).V. 155,
quarterly''dividend
preferred
per
p.
■
stock
share
par
was
due
$100
made
on.
2278.
41,455
'..
------
+$749,741
general expenses,
:
/•■;:
Mar. 30, '40 Apr. 1, '39
1,923
Goodwill
■
selling/ administrative
depreciation and amortization.
.
91,322
Other deductions
Credit result from settl, of claims.
,
Years
Mar. 29, '41
Prepaid insurance and expenses—i___
Federated Petroleums Ltd.-—Annual Report—
.
3,632,542
'
A-A--AA
,
Investments,
*$236,857
7 66,886 i /: 62,412
-»-:y.;
—. y-;..!,-"
-
81,100
$1.67
77
to
other
income
on
373.—V.
$2,922,576
*$709,965
753
■
' ' '-420
'
131,041,158
assets__
profit
•Fixed
tl938
v,
$770,487
____________
per
reserves
taxes
in
$725,747
/ A
5
taxes
Inventories
'
Operating profit
2.02
'
142,680,922
-
of
excess
Accounts
;
-7
*$123,656.
./• 14,764
23,634
7
6 Mos. Ended April 30—
1941
1942
2.44
"
J
/<
paid
sale
Cash in banks and
U.
*$215,123 v *$108,892 v
§
$819,641
Liabilities—Accounts
major
Account, Years Ended April 30
.
from
the
$1,514
' 1,041
$3.23
"
:
A/'/-324
Assets—
Assets—Cash, $755,702; receivables (less reserve, $30,619), $350,050;
inventories, $1,866,279; investments & other assets, $238,531; land and
land
improvements, $180,572; buildings, machinery, and equipment
Net
-
income
during
common
On Common :Operated
Comparative Balance Sheet
total,
Years'-.
*1939
Consolidated Balance Sheet Dec. 31,
Ourmore
our
1.36
Income Account
/
secur.
Surplus
$4,357,382.
t$228,681
$929,665
7>
,'7
stock outstand.
year
must, be
program
-
'
•
for Calendar
-"♦Including subsidiary,
tlncluding subsidiaries.
^Provision for depreciation of building machinery
Income
this
from
to
to
of„electronics
we
deviled; and, in addition,
up
expected
organization.
which
benefits
contribution
our
applications
field^( in
Our
war.
it
pay
A'/,;-...;
'7 -7
24%
-'.
y
1,748
(net)_
rec.
Earns, per sh. com.
"•
. /,«.
*1940
-
,/• «,35,222.. /-.
year
Ind., was for civilian use during the last
the'duration^'. Mr/Nicholas said, "every Farnsworth effort will
devoted
may
14% ■/://y.// .97
"
-
-
Mar. 28, '42
,
income
on
Preferred
Mo$t of the production of the company's plant in Fort .Wayne-and
.
37% '
of)_-___
sales of
011
Common
cash
$57,470;
etc.,
insurance,
"
49,154
Earnings
endedf-April 30. "Farnsworth instruments are today serving American
Marion,
This
annum -
1,004,866
divs.
&
Net
advance
$894,443
i,__
tax
A Surplus
civilian
soldiers, sailors and aviators around the world."
11,.
3,857,646
Federal
;
*1941
Net profit
■77- 7;.'..
fiscal
May
etc.—169,516,421 138,253,888 126,983,033 120,005,014
expense,
Fed.
T.
E. A. Nich¬
per
company
T'S.C
1,656.274
Total
,
Farnsworth,"
7 :
Miscellaneous
4
earned surplus, $1,170,040; total,
Dividends
the
....
awarded, to
' Ay 52%".
■•
44%'" ••'
-.'■5l
Earned
7
"Contracts for electronic equipment for use by all branches of United
States armed
On
174,378,933
/ Total
banks,
$600,000;
accounts
payable,
provision for Federal income and
payment on contract, $70,735;
$300,000; capital stock
($5 par), $1,162,705;
'
deductions
Report
on
$2,647,530;.
:
1,111,096 '
A
Interest
$60,378;
; —7_7._--i._-_
Ii Income
than double the preceding
,
,
mainly
year,
and
Direct Taxes-(before taxes)
(number
Employees'
Corporation announced July 12 its total conversion to war work and
reported
self-?
to a„ five-year loan.
.the principal and tho
2'/a-%-
liability
Miscellaneous ' income—
'
.
radio and
self-
are
Total -/:,»% of IncomePer Share- Per 4Btor«
""Comparative
Int.
payable,
$495,110;
income
Profit
r
Dec. 22/ last, and 50 cents
each were made on Aug.
i» V-.
i'W-'--'■■■■:■
7'7V
Farnsworth Television & Radio Corp.—Annual
,
taxes,
"
/ •'
Depreciation
This
■
28,-1942.
on
of our direct taxes follows:-' •/>;
Profit
$385,887
$734,389;
account,
Consolidated'Income Account
-
'
cents
2094.
p.
July
current
a
Depreciation
'
indebtedness,
insurance,
; Fairchild Aviation Corp.—50-Cent Dividend—
■V The directors have declared a dividend of 50 cents per share
stock,
prepaid
,
accounts,
taxes,
;
(less
common
,
155, p. 2456.
Other
mortgage
.
as
'
,
Cost,
$1.66
Operating profit
>
%
are
93
/: vv
if it'elects-to do gov-—-7:':-v"./7 ;. v-
I*.
insure
general
stores,
'
than
stores
agreement
2,002,231
/
495,110
./
:
and
r
income
4Va%. bonds of 2015 through sinking fund operations, reducing to
$51,649,916 the amount outstanding. The purchase, accomplished dur¬
ing the first half of the year, was about twice the normal sinking
fund operation and represented anticipatory purchase and retirement
has
company
$1;
7
accrued
'
"/
•v.* Erie RR.—Reduces Bonded Debt—
This
A summary
Stores
Federal Motor Truck Co.—Earnings—
that proper
investment service of this type will continue to be available to it during
the war period.—V, 155, p. 2277."
f"
,
'
,f A,
tion: and
11,
treated
1930—- 796.693
186,440
paid-in surplus, $321,919;
—V.
these
to
March
on
transferred -by
1935—ll_—I.
131,806
7
...
etc.,
profits
long-term
'• ■/•"
services
May
to-be
1940—
——$1,143,904
year...:
Liabilities—Notes
excess
and its investment
.//A/ AA '-.-7 /-
'
less
cost prices of inventory
stocks of merchandise for increased sales;
outstanding
Sales
--j/.,1
----.-*7
(less provision for doubtful
$176,495;
/*;. "
advisory
175
grocery
$640,000 annually
1947, with interest at
Fiscal Year—-
'
$1,012,099
_7_
share
rights,
$4,357,382.
Corp., First York Corp., Gen¬
investment
render
above. 1,299
pay
1941—
7-777-7/7. 414,794
-
7
// Assets—Cash
contracts
approve
in operation
■
were
to
1942;_L__—___—_'_7l
$1,426,892
paid
per
patent
and Utility Equities Corp., are being called for
with Empire Trust Co., providing, that
Jp vestment Corp.
the
Of
,
of life insurance, $8,000; inventory
(priced at lower of cost or
market), $1,314,774; other assets,
$131,028; land, $78,533; buildings,
machinery, etc. (less provision for depreciation, $1,018,717), $1,599,608;
v.-
.A-/(7
Co.—
Trust
American General
subsidiaries,
Aug:' ii
the
VYh.
meetings of stockholders of Equity Corp.
Special
company
had
profits before taxes for the year or $3.23 for each share of
stock,
additional
—
Balance
payment of the May 1,
A".'
■/>,-v
Taxes—For the fiscal year ending March" 28, "1942, earnlhgs were:
charged with direct taxes of $2,647,530.^ This amounts to 52% -of our
when such borrow¬
:
Net income for .the
Investment Advisory Con¬
on
■"7/7'r '
company
was
notes
agreed
on
is
Loss
UY 152,815
•
Equity Corp.—To Vote
lower rate of
a
7
Ending Dec. 31, 1941
sales_i—
Provision for Federal income and
1941,
and Nov. 1, 1941, 5% interest coupons on the outstanding debentures.
Payment will be made to holders on surrender of the coupons with
proper ownership certificates to Empire Trust Co.—-V. 155, p. 1308.
..
.
original indebted-:
into
stores, and of the 449 combination stores 246
off before maturity
the amounts thereof.—V. 155, p. 1510;.7-V"7--7* ;7.:
or
500,000
Harry R. Amott, Chairman of the debenture bondholders committee,
on July 9
announced that Judge Knox had approved the committee's
.
of
year borrowed on demand and on
times notes $4,000,000 from First National Bank of Boston,'
these
loan
other distribution tn its stockholders."
that it will not merge into or
that
States
income
receivable
V
1941.
amount
Company
.v. 7
7
.
that
1942,
/>•■«7 ..v .7
-_■■•■...■■-i >
.
value
•:
1942,
the need to carry greater
and
agreed
—
Total
,
Yff-.*•••''.
29,
grocery
six months'
to
other corporation, nor spend
Other deductions
Equitable Office Bldg. Corp.—Interest Payment—
•-
refund, balance
demand/company during the fiscal
before April,
unpaid
production
war
profit from sales!-
Earnings
application for an order authorizing the
;
building Church,
:
Daytonr(
..
„
and
Ohio,
in
/ Bank Loans—Due principally to the higher
and
.<
Gain
/ Total -™-—————— $54,641,168 $45,305,221
A:* After depreciation. tRepresented by 405,360 shares, par $50.—-V. 155,
824.
i.. i-
on
the
on
.Other income --u--'—-77^-^—,
2,354,145
1,100,000
411,187
.—
.
in
located
"
Net
250,000
;
prices
———
Expenses
744,683
250,000
.
——
■...
(
.
76,292
__j
28,
,
Gross profit from
2,658,012
96,226
—i—"
Reserve for possible future decline in hide
company
year-
7-
'
Fedders Manufacturing Co., Inc.—Annual Report—:
•
446,320
compensation—__——
:
of- Christ/
Church
■
service, markets. .-.7—-
to
to be-represented by promis¬
'2,750,000
523,133
73,252,217
—
First
'
20,268,000
3,492,021
taxes
workmen's
for
of
property
on
$159,000./ /:
is .to
V '7-;,.
.'/7/"7.
March
service
with
up
collateral for the bank loans all accounts
as
due
or
has
ings will be made
$7,306,000
————_■———.—
Accrued Federal
advance
things,
Income
etc.——
agreement
issue
trust
$125,000, incurred when
March
on
A/A:
$7,306,000
———a——
i
will
of
of
excess
of the
obligation
corporation incorporated
a
First National-Stores, Inc.—Annual Report—
' ;..7'...;.
credit
a
bank
direct
Ohio,
mortgage' deed
interest.
$370,313/
t
•■•->-•..
the
a
■ •>
,
substantial amounts but cannot
'3,188,978
employees——t—/——'
Sundry creditors
>•'
are
of
4%
---
-
any
/
——
by
-
become
to
or
other
$1,405,287.
12,504
,-3,537,146
stock---——_—i-/———
fCommon stock -___1 _™™_™__™'_™_—:
Notes payable
•
.
corporation
$54,641-,168 $45,305,221
/7'
•
the
are
Dayton,
purpose
of
ness
more than $250,000
plant facilities. -, •
• 7
- - • 7
7 7'- :
r
On May 3, last, corporation made its, initial borrowing under the
agreement in the- amount of $797,287,- which was used to pay off all.
then existing bank loans of an equal aggregate principal amount.
As
of June 24, last, corporation,
under the agreement, owed the bank.
"
140,428
5*70, preferred
the
for additional
,
Total
.
consolidate with
1,495,588.
98,132
*
option
bearing interest at
'■
7
'■■
k- »■-,■•
shaves of stock
The
.9,445,605
,,1,224,191 -V
—u_—--a—
Liabilities—
and
Arabng
own
.
19,437,308.
12,183,170
stock account
Employees'
•
The
•.
7
corporation has agreed, that it will not allow
its consolidated net <juick assets to fall below $1,250,000; declare or
pay any dividends except stock dividends, purchase or retire any of its
•
efc'c.——————
Cash
l
.
Employees', building, funds, etc4__i——
Sundry debtors
Miscellaneous other assets,
Secured deposit for workmen's comp. insurance
entered into
.
receivable
,
25,786,376
receivable
notes
•
$2.21
v.
•"
May 30,'42 May 31, '41
$10,984,350 $10,918,961
'
lv
1 A//.:
■
P.
'
deficit,
Credit—
which
under
Corporation has assigned
$2.28
tv-
•:."' /.//' • A //'
/
/.Assets— 'iA//:'
-'A1
•Property account i*/.--™--——
Goodwill.-—-———'■
—-—
inventories
—:—.—
Reserve
7
The credit may be availed of by Farnsworth until April 30,when- the credit and all 'notes and obligations outstanding under
71943,
"
$4.80
// •/ •'/ •'
-
; '
Notes
earned
' ::
■
corporation
Co.
Trust
credit
■■'•maturity.
-
-
.
.
mature.
.7.7...'
i" •
All,borrowings under the agreement
,1,216,080
,f
■■■
last,
30,
Bankers
1943,
365,300
:-.i
365,300
V.
$760,863
————
•'♦Deficit.
Accounts
7 r; /
•>'
of
by
Ohio, .and valued in
deferred:
$5,000,000.
<
$1,261,358
$1,291,991
1,216,080
per
'1^
y.
■
$2,727t182;
Arranges $5,000,000 Bank
236,871
■■•.>
7
365,300
<
1,216,080
dividends——
par)
'
capital surplus,
$1,400,997;
sory
360
: '
secured
payable to banks, $823,468; accounts payable, $885,accounts, $78,384; reserve, $153,897; common stock ($1
accrued
,par),
the
$2,342,243
365,300
* ■
Surplus
.
' /'•
'
bonds
These
.
Scientist,
for
reserves
$1,174,933;
intangibles,
$981,397;
(less
1, 1942; principal payable annually May 1,, 1943, to and
1952. Mutual Bank & Trust Co., St. Louis/Mo., corporate
*"-7 '■ • 0
7/, 'r
-
————
$2,310,361
/Net profit -----I-'-/
Preferred
Earns,
equipment
Liabilities—Notes
500,000
-
-
*
■
j-
,
600,000
340,750
—
Cpmmpn
$254,610),
and
On
924,500
2,250,000;
Reserve for hide prices--
A
machinery
Dated June
•
Incl. May 1/
trustee.
•77-.
250,000
1,700,000
profits tax--.
Excess
$3,810,448
43,705
53,303
,u/
.
;
accounts
and
charges, $133,129;'total, $5,699,212.
$1,347,402
435,637
<596;
"
buildings,
$46,720;
depreciation,
$1,558,785
152,879
,
land,
55,502,863
$1,711,664
$3,675,297
135,151
$7,059,154
Income™-
Operating
Other income
$56,850,265
55,765,839
64,259,698
86,727,094
expenses', etc,----
Cost',-
'39
June 3,
June 1, '40
$57,324,624
$93,786,248 $67,934,995
-----
1942
April 30,
receivable (less reserve
for
doubtful
accounts, $25,000), $1,027,148; current Indebtedness of
subsidiary, $7,171; inventories, at lower of cost - (first-in, first-out:
method) or market, $1,880,237; investments and other assets, $40,538;'
Ended
-52 Weeks Ended-
May 30, '42 May 31, '41
'
Period—
Net 'Sales
Sheet,
Assets—Cash, $407,939; notes
.
Monday, July 20, 1942
First Church of Christ
Scientist of Dayton, O.—Bonds
Offered—Dempsey-Tegeler & Co., St. Louis, are offering
$44,000 first mortgage 3,/&r3%-4% real estate serial
bonds.
Food Fair Stores, Inc.—Sales Increased—
Period End.
July 11—
Sales
—V.
1942—4 Wks.—1941
$3,093,291
There
are
^7
stores
155, p. 2366,
now
in
1942—28 Wks—1941
$2,544,992 $22,295,904 $17 66*> 003
operation compared with 73
a
vear^a^o
y
a°0.
»t
wwwwj ('^ftWhSi.t}) w
>v^&
.
Volume
Number 4091
156
Frankenmuth Brewing
5 Months Ended May
sales
Net
THE COMMERCIAL & FINANCIAL CHRONICLE
-
->•_ >'J
_____-i.4—v-~4~4—
:
-
ihc, and exc.. profits: taxes_7
180,939
inc.
*Net profit bef. Fed.
-
^
6 Months Ended June 30—
/1942
7
1941
$2,063,561
$1,544,488
/•
■
after
344,983
"Earnings
■'On
,
1,1
profits
exc.
*
,
taxes
175,933
Net
■
,
,
iiW:.H' -:.7
'
,
'•
.
.'j;:
-
/-
1.
•
..."
■
.
..
Dividend of 50 Cents—Nov. 2 Payment to be
The
directors
cents
50
stock,
15
both
'stated
that
^on
a
share'
July
on
share
per
dividend of
directors
Smaller—
and
the
stock
common
has
declared
also
been
surplus:
50
cents
;*,•
.
:
•.
$7,399
-
*$8,479
•
!.v:'....
-.
150,305
161,961
V
'
12,546
213,987
:'t25,653
end
of period———
"'$82,575
/
"restricted
balances (less reserve of $53,076), $10,759; land,
$5,807,356;
buildings, (less reserve for depreciatton $1,023,807)*, $2,143,313; furni¬
& fixtures, ;(less reserve for
depreciation, $3,3-58,679), $3,860,-
*
,
$174,507
823;
$188,334
„
The corporation purchased on the open market"during the last quar¬
190 shares of its $6 dividend preferred stock at a total cost of
$4,172.
Including the purchases previously reported• in the March'/
quarterly report, as of June 30 a total of 2,330 shares of the corpora¬
tion's
•at
dividend
$6
preferred-stock had been
purchased
for
retirement
Adopts Employee Pension
cost of
$60,623 since the restatement, of the corporation's capita/1
,4Which was voted at the last annual meeting, of stockholders. / ! / , S; *•
v.„ The
market value of-assets on June 30,• 1942,• after giving effect to
and prospective tax legislation and, the necessity of maintaining its-, ^ithe acquisition of preferred stock above referred-to,.was $3,343,440 as:,
/compared with $3,701,017 at Dec. 31, 1941. After deducting $2,369,000
working capital position at a level to permit adequate and prompt
''■lot debentures in each case, the balance of, assets for the preferred
handling of the company's war . production program and" establish
stoek outstanding, was $48.24 per
share on June 30, .1942, as com¬
reasonable reserves for conversion of plant facilities to a peacetime
pared with $59.12 per share on Dec. 31, 1941,
,
program when the war is won."—V. 155, p.
1407.
a
.
addition
in
extra dividend of 20 cents per share
Assets—
July 20.
Like amounts were paid on Feb. 2,
•Aug. 1, 1941 and .1940.—V. 155, p. 502._,
7,
^
The
'."stock
/
if they
them,
permit
Office
28.—V. 155,
2278.: /
p..
:
VT1942
6 Mos. End. June 30—
Interest
.
"//•
—
__—_
%
-
■?? 1939
1940
771/
325
w-,.';-;
-.
'".J
T.
.;:.v.
.
»'•;
.y
J*
J'-
•
•
Taxes accrued
^
2,369^000"
KCommon stock
$78,924
$75,238. '
.
$74,423
.15,718
.
..
Earned
$6
:
'
Net income
loss
Net
.
;on.
for
tax
Fed.
See Note r
^
'
*
'
'
$58,705
XX-.
W
profit
operating
.Dividends
'
$73,127
.
j' $1581
$60,374 ;
66,697
58,642
1 58,589 -'"
.
•:
;
.
,Note—Net
income
the six months
above for
as
ended June
30,V1942,
1941 and.1940,
.respectively, is exclusive of gains or losses, -realized and
unrealized, on
securities.
7.
}
■
7 Statement of- Assets,.
y
Assets—
v
-
•
*
•
.■
Corp.
sold,
Capital
not-delivered
~
Dividends
received—cash
receivable—payable in
'
-
stock______—
Investments
—.—
y
Total
1
; -
?:"■ .i
kk--
Dividends
'» y"
•
~
payable—management
expenses
Provision
State
;
14,743
•
j
>y. '.y"'
.
fee
and
other
■■
-
»
•
taxesi
1941
40,823
.
liabilities
Total
/
—
assets
Net
"
36,318
booklet
for
155, p.
entitled
distribution
The
156,
Federal
MacSwinford,
Judge
Missouri
of
gain
of
according
-
to
to
Associated
an
.
the
receiver up to the present
—V.
&
Co.
p.
Corp.—Special Offering
A special
—
Colonel
been
Louis
named
to
serve
as
President
York
p.
Assistant
former
Johnson,
by Alien Property Custodian
l62-
of
General
Secretary
Dyestuff
tion
who
Co.
work for
Corp.
has
156,
or
1942
'
Sales Mgr.—
5% cumulative preferred stock,
series A (par $10) will be admitted to listing and registration on the
New York Curb Exchange on July 20.—V. 155, p. 2366..
■!''
$1)
been
:
elected
:
Cash dividends
Taxable
stock
Interest
on
Revenue
on
from
lapsed
1941
'
1941
1942
*
$882,036
l
Total
income
Expenses
_____—
_—
_____
Taxes '
Debenture
$83,208
112
2,137
11,587
$65,268
$85,239
I
and
taxes
Wartime
Products To
canvas,
wartime
ease
shortages
in
have been added to the Glidden
A
this
'/
silk
and
The
Nylon hose.
The company sells
which market it under their own
company
has
brought
out
a
•Exclusive of security
profits or loss.
29,782
Prior
"■
,
I
.'
•
.
r-.V''.'--
;
for
Calendar
etc
Other
12,811,370
29,832,465
tax
tax
$3,320,350
775,265
adjustment
years
158,487
% $2,608,813
stk.
per
7,
$2,513,935
$1,869,000
180,000
180,000
180,000
2,037,475
1,698,604
1,358,883
$391,338
$635,331
$330,117
1,340,482
1,358,883
1,358,883
$1.81
$1.71
$1.24
___^
com.
75,611
60,262
dividends
It-
+394,050
,
_________
104,54a
523,499
106,854
...
7
_______
757,692
1,083,590
1109,213 7
t
property_t.
"•
<20,935
107,700
•
1,561,344
2,299,522
___________
1
$4,362,669
869,468
tax, etc.__
profit
Earnings
10,073,285
.
'—
$7,816,613
_____
of
Preferred
!
1939
.
$3,299,415
128,917
profits
prior
Net
7:
•
$4,241,584
,121,085
$7,487,696
_______
118,979
sale
7n:r
Years
1940
■
years
Loss
outstanding________
share
tCredit.
Sheet, Bee. 31, 1941
umbrellas and
tarpaulins.—V. 155,
p.
$4,588,813; accounts receivable—trade (less reserve,
$6,393), $3,014,719; notes receivable—trade (less reserve, $2,766), $633;
inventories, $4,901,107; other assets, $3,573,324; land, $906,150; build¬
ings, machinery and equipment, less reserve for depreciation, $7,435,284), $13,165,244; clay, coal, gainster and other mineral lands and
development
4,156
trade
U.
S.
payable
60,765
income
$2,000,000),
and
profits taxes
excess
$1,696,038;
other
taxes,
de¬
(less
$525,262;
and other
liabilities, $1,349,889; preferred dividend
payable by a subsidiary to minority interest thereof, $200,000; 6%
in capital stock and surplus of a subsidiary company, $576,095; notes
payable by a a subsidiary to minority interest thereof, $200,000; 6%
cumulative
preferred stock
($100 par),
$3,000,000;
common
stock,
(1,380,000 no par shares), $20,700,000; capital surplus, $572,091; earned
surplus, $7,283,078; 39,518 shares of common stock in treasury—at
cost or less, $577,102; total, $36.027,423.—V. 155, p. 1679.
that
"Fabricote,"
as
awnings, beach
Harnischfeger Corp. (& Subs.)—Annual Report—
2278.
Statement
of
Income
for
the
Year
Ended
Dec.
Gross
profit, exclusive of houses division
Selling, engineering, admin. & general expenses_____
J
31,
1941
$8,200,978
2,719,494
Consolidated Income Account for Years Ended Jan. 31
'.7.
■/'
1942
&
J
1941
$
1940
$
j
expenses
111,774,964
103,761,685
97,516,419
105,198,849
97,410,413
10,603,145
(net)
6,576,115
6,351,272
4,961,736
89,311
—
Drl35,600
Drl74,930
contingencies
from
6,440,515
6,176,342
4,855,487
37,140
55,225
62,694
1,405,278
1,335,165
1,336,121
1,318,369
1,407,000
960,000
708,000
3,542,210
3,824,996
2,766,424
348,830
348,830
348,683
348,630
1,665,095
2,259,773
1,962,434
1,718,854
par)
Earnings per share—.
_____
$5,545,433
291,530
1,528,285
1,216,540
455,360
1,189,354
1,189,354
1,189,354
1,189,354
$3.44
$2.68
$2.92
$2.03
—_______
income
...
Interest
Prov.
Possible
future
of
per
plant
compared
22,117
—
income & excess profits taxes
4,200,000
inventory price declines
deferred & future
common
with
earned
150,000
surplus
$1,094,869
the
$3.56
depreciation,
amounted
$171,436
in
to
share
for
facilities,
balances
350,000
alterations of plant facilities
income, carried
Note—Provision
the
19,976
contingencies
for
for est. Fed. & state
gency
$5,836,963
—
_______
Provision
Balance
865,000
2,378,708
($10
63,949
__—
income
Other
Maint.
119,000
4,446,392
5%
operations—
Drl06,248
2,506,000
1,400,000
Federal
$5,481,484
operations—
92,554,683
Profit
income
—
division profit from
Houses
Profit
Other
profit & other income &
charges
: v:'«
130,555,907
before houses division
Profit,
1939
119,952,762
—_
60,247
$8,965
Federal
names.
called
(W. T.) Grant Co. (& Subs.)—Annual Report—
/
4,813
t$3,360
reserve for
depletion, $2,383,624), $5,770,065;
future operations, $107,368; total, $36,027,423.
notes,
Treasury
accounts
Consolidated
9~012
60,927
(less
Liabilities—Estimated
on
tLoss.
Account
income
Excess
imported
the paint in bulk to other
coating,
prolongs the life of canvas and duck products such
~
+$23,444
•Net income
Income
/■
ferred charges to
were
payable
under debenture indenture_______
:
:
.
.
.Other income
;
were
some
-r' New
7
155, p. 826.
7
' '; v
7....,
"Includes minority interest.
The cylinder turns on an iron rod that serves as a handle.
is designed for applying either oil or cold water
$103,807
23,677
3,357
int.
Hartford,
$27,320,161 $16,052,954 $13,372,700
expense,
Earnings
7
• •
Consolidated
^
1941
69,786
24,428
options
7
Operating profit
i
Mr.
$690,227
...
$71,313
4,792
6,995
5,324
•
7 Surplus
interior surfaces.
' /
second product which the company
began manufacturing early
summer
is "Leg-Paint," which is being used by women in place
.
$54,755
director.—V.
■'
Shs.
—Jan. 1 to July 7—
$28,850
should help
10,692,456
1940
4,877
stocks—___U—
dividends——
bonds—
said
Harbison-Walker Refractories Co.—Annual Report—
7;
2.96%, as compared with
corresponding period
"Roll-It-On"
The
General Public Service Corp. —Earnings—
1942
/•
.
'
Consolidated Balance
new
and
•//-.-
"*
Common dividends
~
*
.
states,
the
-
' $29,500
.
-
three
Rand, Vice-President of the Monsanto Chemical Co77has
a
'^7,f*
Total
6 Months Ended June 30—
;
Federal, foreign
".
Co.—Adds Three New
Sales
Corp.—Listing—
(par
the
Depletion
operation 596,677 company-owned tele¬
,
paint division line, it is announced.
meet
the
shortage of bristles, which
Costs
stock
17,172,
4.29%, for
./" / '
.
in
from
corpora¬
paint on
of
Mr. Boland replaces Henry A. Crossin special war produc¬
General Electric Co.—V. 156, p.:
162..V/y/;/^^
common'
..
purchases
'
William M.
'
1
prepared
this
produce.
the
directly
<(John); Hancock Mutual Life Insurance Co.
.
a
Week Ending July 7
\
./•
The
of
of
1941
formerly
from Russia and China, the company is bringing out a new type of
paint applicator. Called "Roll-It-On," the device consists of a cylin¬
drical sleeve made of heavy woolen carpeting mounted on a metal
of New
transferred East to engage
General Finance
employees
To
of the Division;
has been
bulk
made
'7't: ■"/■■■r/'T
been
;
"
products, which
paint brush bristles, silk and
cylinder.
War,
Appointment of Walter M. Boland as Western Regional Sales Man¬
ager of the Receiver Division of the General Electric Radio, Televi¬
sion and Electronics Department has been announced by A. A. Brandt,
land
or
have in
•'/•/,'
Glidden
f- Three
-
of
See also V,
Leo T. Crowley.
General Electric. Co.—Appoints Western
Sales Manager
totals
1942
telephones,
operat. revenues156, p. 162,
concerns,
•
miscellaneous
•Net-sales
Paint Division Line—
a
General Dyestuff Corp.—New President—
v
Mr.
Assets—Cash,
2006.
•
suppliers foV
farm
of. the .fresh fruits and vegetables, he explained,
.moved to consumers through A&P stores in many states -with
.tonnage sold through other trade channels.—V. 155, p. 1920.
^
? "
^
■
time.—V. 156, p. 162.
commission of $2, by G. D. B. Bonbright
The sale was completed in 35 minutes.—V. 155,
share, with
and Connecticut, cash returns to
marketed through the
vegetables
New
.
;Director—
..
Victory" has
245,000
.
Period—
Total
27%; to
rose
7/7'7
Total
months of
22,825
;
offering of 500 shares of $8 pref. stock (no par) was
made on the New York Stock Exchange July 13 at $114V4
per
\
r
-
Georgia & Florida RR.—Earnings—
.
General Baking
than
more
1941.
dis¬
Press
shippers
and
growers
^greater..part
162.
p.
phones.—V. 155, p. 2278.
patch from Louisville, Ky.
The judgment represents 77% of two $250,000 certificates of deposit
Issued by the National Bank of Kentucky to Rogers Caldwell & Co.,
Nashville, Tenn., and transferred to the Missouri State Life Insurance
Co.
and is equivalent to the amount paid
bank depositors by the
-
;
"Producing More for
The subsidiaries now
the
1599.
corporation reports for its subsidiaries
first six
the
Co.—Rise in Payment to
7.
" '
"7
'
- •- * -
growers and shippers in producing, areas,
with the balance made up by spot purchases at terminal
markets.; The
gain of 1,910 companyowned telephones for the month of June,
1942, as compared with a
gain of 2,065 telephones for the month of June, 1941.
The gain for
State Life Insurance Co.
of
St.
Louis,
was
awarded
a
$385,000 judgment
against A.
M.
Anderson as receiver of the defunct National Bank of Kentucky by
to
successor
State
Depreciation
General American Life Insurance Co,—Award—
company,
New York
increase
The
General Telephone Corp.—No. of Phones Gain—
f$3,456,105
par
The
and
vwere
.
$50,193
,
Jersey
year,
7; .•Cost,
a
.
. . -
or
1940.—V.
31,
A
tRepresented by 134,662 shares of stock with¬
value; stated value, i.e., amount capitalized with respect to
said shares, $1,859,790.-7. 155, p. 2278. '
,
.
.
General Motors Corp.—Issues Booklet—
2,726
par value $1 per share..
out
1941 was $2,939,113.—
(2) The unrealized net depreciation of investments at June 30, 1942,
on
the market value, was $24,879 more than that "shown at
"
partici¬
: "fT*-'-".
•
130 of cucumbers,- 617 of corn,-and 617 of celery. * Other
purchases include lettuce, grapes, strawberries, peas, spinach, peaches,
cost.
based
tRepresented by 163,294 shares of stock,
.•Accrued State taxes only.
subsequent
Notes—(1) The net assets applicable to capital stock on the basis of
including investments at market value, as per investment list, at June
30, 1942, were $974,440, and at June 30, 1941, were $1,551,989.
$11,149
.
.
.
$51,566
t$3,783,804
—-
1931,'and
tRepresents the dividends payable to stockholders of record Oct. 15,
193-7, on which payment was postponed by the board of directors;
/
tion.—V.
•
31,
■' :
i r A $9,128 kk
capital stock and
ki—*1,614
-
Dividends payable July. 15,
:
Dec.
the
.
•
1
cauliflower,
$5,090,594 ' $5,427,883
amounts based on
.
Dec.
p'.-S. :'f\.:i::.
—
for accrued Federal
.
1,044
$3,506,298
.
established
at average
'value,' of which no shares have been issued.$Represented by 669,886 shares of no par Valud. ' Authorized, 700,000
shares.
■/y:> ;'V
>*/'■':"/•••'/ /
2,764,989
.
books
on
$100 per share upon involuntary liquidation, plus accrued
dividends). Junior preferred'stock authorized, 10,000 shares of no par
14,822
;r
•
2,703,702
values
and at June 30,
.liquidation,
7~ / y-7v
74,771
21,357
,y.
•
assets
Accounts
•"
$3,835,370
Liabilities—
1
30 >kis-r,.;
"~/1942 *77'1 1941» ■"■■■
$1,112,154 '7 $704,086
7'- '■
•
Cash
-Accounts receivable-f«p stook of General
\
-
carried
are
;; "■ J Represented by 20,270 shares in 1942 and by 22,320 shares in 1941
$6 dividend preferred and- 210 shares $5.50 dividend preferred of no
par value (entitled to $110 per share upon redemption or voluntary
Liabilities and Net: Assets/,
77
*
•
„
/
"The total "of investments at market value at June 30, 1942, was $1,552,-
'055,
■'.-7
•
written-down
'.
of
1/
/
in
cash returns to New York growers and shippers
Hartford, said, accompanied a rise of 3% in the* com¬
pany's tonnage purchases of New York-grown fresh fruits and veget¬
ables from 12,157 oarlot equivalents in 1940 to 12,527 in 1941.
Last
year's purchases included .the .equivalent > of 1,565", cars of cabbage,
1,892 of onions, 4,190 of potatoes, 723 of apples, 691 of beans, 736 of
-181,907
Dr6,43S
;> •■".•
regardless'-of
-:7^;77:V7/'7^7'7f 7
to
fruits' and
The
purchased
>•
•Investments
$64,543
:
shrs.
(280
Total
'
•
tf/j 74,478
stock
New
sharply.
_last
35,378
.Dr66,378
preferred
57,1.42
See Note
Jnjcosmp7?80 7* -1.404,
Net
.
/ See Note
(based on" cost)>
Provision
$64,543 */' $60,654
$73,127
in-
of
sale
on
raent
-
surplus
divid.
for retirement):
•'
■
principle
A&P affiliate also
Jersey purchases rose-47%-to $3,074,444 last year,
compared with $2,095,519 in 1940. .Cash returns to Connecticut grow¬
ers
and shippers increased
17%: to $547,534 in 1941, compared to
$469,621 the year before."
'7- Jv.u-* 7/:-;'777 ■
1
669,886
"
.
'. ■' $89,271,,
•Expenses, and taxes____ 7
16,145
V Total income
In
fresh
•
.rose
2,369,000
2,084,143
~
614,400
—66,989
.Capital surplus
2,053,831
4'38
$5,427,88^
$47,983
33,769
4,552 \ ' :r 5,591/
4' .'225
:
..
—
uniform
a
7/->.:. 7
:7
.-
on
./
last .year on fresh -fruits and vegetables sold
through the
Atlantic Commission Co.,
produce-buying affiliate of the Great Atlantic
6 Pacific Tea
Co., according to John A. Hartford, A&P President.
This figure compared with
purchases of $4,359,485 in 1940.
$20,867
!'*-21
stocks.
:
.
$5,554,175
33,769
1
debentures, 5%, due 1953——
J Preferred
'
All full-time employees,
included
are
162.
77'7
V
Cash, returns
,
_____,
the company.
p.
Growers—'
.
2,073
v
156,
Great Atlantic & Pacific Tea
7
18,259
'
•
!Unadjusted- credits
'Conv.
v-i 1.798
■
$5,090,594
^
payable' —^1—
tPfef-erred dividends payable
•
•
•
•
Accounts
$73,985
$75,238 7
$78,924
equipment (less depreciation'
Liabilities—
•
1
...
7,395 v *
Total,
/
7/ -77
* 1941'
-"
$88,946
Income—dividends
;
//;■
•
.
Corp.—Earnings—
General Capital
r
7
receivableV
'poration authorizing an-issue of $6,000,000 principal amount of 3'/2%
-sinking fund debentures. - Objections must be filed on or before July
7
268,271
handr__—1,818,906 "
1,046,495
;47*7:'r 22,474' / • : 2,393
on
with
location
or
7
'7;/
360,811
:
service
salary
pation.—V.
$3,729',580
i_j_.
.
receivable
Dividends
-
of its 5 Vst % preferred
to file objections to the cor-
elect,
so
time
'••
356,877
a('r'4".
//■
.
country, according
an
announcement by R. H.
Fogler," President.'
"
"4' 7 /
Approximately 3,100 employees of the company, of whom 70% are
women,
are
immediately eligible for membeiship, being at least 30
years of age and having completed at least two
years' continuous full-
■*'
'
•
.77
-
•to
^
,
»
«
—$2,883,144
'Cash in banks and
.
corporation has sent a notice to holders
to
-
r.
1942 " ".':" 1941
*
•
stocks
Bonds
Gaylord Container Corp.—rlssue of Debs. Proposed—
'
30
Sheet,. June
•
stock
Preferred
"Accounts
»
Balance
t-;ir
;•
Plan—
7
•
Common
last, and on Feb. 1 and
•-
■
"Investments;
•
dividend of 50 cents per share
$5, both payable Aug. 1 to holders of record
par
Comparative
..
.
'H
the regular semi-annual
to
the common stock,
on
-V:.
,
A
"tailor-made"
and -unusually
comprehensive. employee pension
plan providing not only for a retirement income for life
beginning at
the age ef 60 but also, for
special benefits in the event of disability,
'death or termination of
service, went into effect on July 1 in this
company's 500 stores and offices throughout the
.
have declared an
and
7
ter
r
The directors
alterations
improvements to leased properties, $6,336,767:
charges, $1,823,480; total, $58,320,707.
7
Liabilities—Accounts payable, $7,225,402; dividend payable, $713,612;
real estate
mortgages and mortgage bonds payable within one -year,
,$138,167;, accrued accounts, $913,881; Federal taxes on incomfr-^ostimated, $3,946,416; deferred liabilities, $4,912,039; reserves,
$1,1731380;
5% cumulative preferred stock ($20
par), $6,976,755; common stock
($10 par), $11,893,540;
surplus, $20,427,516; total, $58,326,707.
'>?!<*>}./.?
;'•• $181,907;; $179,854
'[/'j' "'y
*$66,378
; v
v
»
1, 1942, on the common stock and the regular
quarterly dividend of 15 cents on the convertible cumulative preferred
stock, both payable Nov..2 to holders of record Oct; 24. /;,//
' ■
v* "The board, considered the reduction, of the common dividend advisk
able "In view of uncertainties as to the extent and effect of pending
Franklin Fire Insurance Co.—Extra Dividend—
1942
,
surplus at end of period—
""Deficit.' .tLoss.
'the quarter ended Nov.
•
Consolidated Balance Sheet Jan; 31,
,
Assets—Cash, $8,873,834; U. S. treasury tax notes (at cost) $1,000,U. S. savings bonds (at cost), $49,950; accounts receivable,
$308,677; merchandise inventories, $25,482,342; cash surrender value
of life insurance, $1,494,281; advances to and
security deposited with
landlords, $428,543; real estate mortgages receivable, $179,000; amounts
.expended on building construction—to be repaid by owners,.
$497,135;
employees notes and accounts receivable
(partly secured), $24,448;
sundry accounts, claims and investments, funds in closed banks and
deferred
share for
per
.
•.
sales of securities.--,.---1232,880
Balance at
r
•Earned
per
*,?
,
cents
25
$16,198
beginning of period
on
■//•.
.000;
ture
placed officially
paid
has
of
period—^-—-;:
f3,360
-
15,525 *'
253
-
"'$17,444
8,965
$10,759
•-
123,444-
of
end
the
never
dividend
a.
at
;Net profit
:
share on the convertible cumulative preferred
Aug. 1 to holders of record July 27.. It was
regular dividend basis the corporation
quarterly since' Nov. 1, 1941." r
The
•Balanee
quarterly dividend of
regular quarterly
current
a
stock
common
at
/
1940
,
/'/
$55,167
i
•J- Security profit
per
payable
"while
declared
15
the
on
cents
Balance
.
_--•-
above
as
charge
$0.39
,
1834; V. 153, p. 837/,>: 7.
Foote Bros. Gear & Machine Corp.r-Current Common
•
income
Direct
!
•
"
1941
'
' l,r'
surplus;-'
.k."
Balance at begin, of period-
290,339
.
share_/-_____-.:4______/;';'X,$0.46
common
per
and
745,450. shares.—V, 155, p;
"
'
•,
'
*''S
*
'■
''
Fed.
1942
<•
■
Income
•
inc.
Net
Comparative Earned Surplus Statement
•
Co.—Earnings—
-•••''7V ■>
31—
■riWHihW'ai uyitt'fo
■
for
the
respective
to
including
$260,910
preceding
property
amortization
for
year)
the
year
and
was
accounts after
of
emer¬
1941
(as
computed
eliminating
fully depreciated
items still
in service
aggregating
approximately
$2,100,000. Expenditures aggregating $201,675 for drawings, jigs, pat¬
terns, etc., were charged to operations in 1941 as compared with
$138,648 in 1940.
THE COMMERCIAL & FINANCIAL CHRONICLE
254
Sheet,
Balance
Consolidated
Houston Lighting
1341
31,
Dec.
accounts receivable—trade (less
reserves
$262,188), $3,929,397; inventories of raw materials, work in
process,
and finished goods—at approximate cost or market, which¬
ever
lower, $4,653,141;
accrued interest, $25,330; miscellaneous re¬
ceivables, including employees, expense advances, $19,770; compensa¬
tion insurance fund (per contra), $97,911; other assets, $9,777, land,
$275 106;
buildings,
machinery
and equipment
(less—reserves for
•depreciation and amortization, $3,526,203), $2,505,578; patents, pat¬
terns, drawings, jigs, development, etc.—record value, $1, deferred
charges, $58,190; total, $12,282,708.
$708,507;
Assets—Cash,
Operating revenues
V.
p.
155,
1407..
Other
'
1,460,318
Net
Interest
Net
income
•
■■
.
'•
i'i''
'x',;,' \
Balance
in banks
;')V
.
(
Total
''•,'. ••
t
and
337,684
current
45,750
25,605
t
banks
Assets—Cash in
dividends
and
Customers'
$8,383;
jeceivable,
deposit
owned,
securities
at
lower
cost
of
or
Matured
market,
$913,642;
$18,000;
miscellaneous receivables, prepaid expenses, etc., $7,171; total,
other
Federal
than
income
income taxes. $2,973; 5%
$4,038;
taxes,
provision
stock ($10 par), $610,000; capital surplus, $267,000;
earned surplus, $363,301; treasury stock at cost (1,250 preferred and
1,000 common shares), $144,589; total, $1,383,006.—V. 154, p. 1699.
000;
common
'■y-1
Total
1941
Expenses
$149,588
92,251
$67,851
—
.
income
'4
<
$57,338
61,019
56,660
—-Y.
——-
Dividends paid
—
Balance
V""
—-
Sheet,
1941
Lan<t, buildings and equipment, net———
Investments
$1,376,304
Depositors' participation certificate.-
receivable....—
43,851
102
$1,474,320
$525,000
$575,000
36.786
stock ($50 par)_——...—871,700
871,700
11,000
4,168
Liabilities—
% loan due April 1, 1954—_
Capital
•Surplus
-
.
income
Other
income
$38,695;
security,
Total
Total
—V.
$1,444,486
1311.
p.
•After
*
—
depreciation, interest,
for
Federal
000
shares
Stock
April 30—
share_._j^_..-_.__^
income
of
and
;
from
provision
excess
stock (par $1).
common
"1941
tOn
tOn 212,000 shares of
333,-
common
(par $1).—V. 155, p. 2367.
The
to
have
account
stock,
accumulations
of
paid
was
on
the
6%
of
75
cents
cumulative
and
1,
May
May 1, 1942, totaled $3 per share.—V. 155,
share
per
last.
shares,
29.
-
Approved—
Sales,
approval and
it is expected
that
supplementary letters patent have been
to
shares
new
no
value
par
authorized
capital
of
stock
20,000
shares
of
and
shares,
common
10,000
shares
of
of
7%
common
replacing
of
The
the
the
6,978
exchanged
for the
share
common
for
preferred
each
shares
stock
new
share
old
and
the
on
of
9,897
and
20
consist
of
(Toronto "Financial Post.")—V. 150,
$296,121.
Royal Bank
auction
is
on
July
29
will
H. Muller & Sons,
in
for
a
loan
made
original amount
an
some
of
years
around
by the application of dividends.
tations the stock would have
(less
book
a
At
that
the
Home
3360,
p.
fixed
a
no
had
up
sell
for Sale July
at
auction
at
the
of
the
auctioneers, 493,400
Co.
stock.
by Home
$18,000,000 but
ago
'
The
Fire
deficit
(Jan.
stock
p.
Home
shares of
office
Insurance
companies then
the
Smith,
President,
guarantor
v
controlled
stock
by
in
1935
in
Home Fire Security.
V.
an
extra dividend
of 20 cents per
the
July
and
common
3.5.
Aug.
1,
1941
were
disbursed
and 1940.—V.
155,
p.
Feb.
on
1311.
2,
last,
and
on
155,
<
•*.
Feb
*
v
■'
■'<
v
■
1
■
V- ».
,
..
>-
less reserves),
to
surplus
Dec.
'
loans, 39.8%; bonds,
Smith
has
to
examination
1930.
of
of June
as
U.
accounts
.1
!
1 *
.
■
Six
-,VA
!.
:♦*!
IT-
Months
with
! 'J*'
1'
May
$1
57,510
$3,458,401
1,644,906
S.
832,424
665,729
r*
633.789
v
..—
$2,750,812
$2,891,335
2,506,875
2,507.475
$623,916
$243,937
$383,860
$319,387
3,340,GOO
3,342,500
3,342,500
3,340,300
$0.82
$0.86
$1.08
stock held
on
$2,824,612
2,505,225
-
v
$0.84
by company
1941
'
1942
—$16,785,990 $16,805,374
companies_,^„„.
236,278
229,063
''V.
——
—
7,081,969
—
securities
Gov.
own
and
and
stock
in
associated
52,409
65,923
35,372,473
352,382
27,267,320
407,329
$89,546,294 $84,832,025
stock
r
"
•
____________
—_
payable
for
Insurance
;___
taxes
$50,250,000 $50,250,000
3,672,372
2,615,976
233,897
148,711
4,580,000
—
reserve
for
1,960,000
803,267
contingencies
752,597
550,000
550,000
29,456,758
___;
Surplus
Total
1,058,180
receivable
etc.
Liabilities—
Reserve
18,072,878
1,095,555
cos.
193,422
22,537,725
;
charges,
3,678,981
243,134
advances__„_________
investments
17,053,548
5,788.379
—
common
to
■
$3,400,891
3,007,620
V.
HCommon
28,554,742
■
——
$89,546,294 $84,832,025
—
"Physical properties at tanneries, shoe factories, supply departments
and sales branches after depreciation of $26,296,21.7 in 1942 and $25 801,534 in 1941.
tConsists of 9,400 shares in 1942 and 7,500 shares in
1941 of common stock.
tSecured by 3,400 shares of common stock.
total
i"
Ended
$3,557,064
Total
^Represented by 3,350,000 shares of no par value.—V. 155,
v
International
Telephone
&
p.
Telegraph Corp.
2279,
—
:
New
Vice-President—
Henry
in
I.
L. Weller,
Morris, Secretary and General
".I
a
$3,643,236
par)
receivable
•
Springfield, 111.—Assets
t.-.JM
$17.43
Consolidated Balance Sheet, May 31
Deferred
H. B. Bartholf, President; R.
;U
and
54,492
Inventories
'
•
.
eommon
■
$3,502,572
property
A.
Buenos
"
•«'.
securities
of
stock
(no
-^Employees' notes
T.
& T.
Arnold has been
Aires.
He
will
elected Vice-President with headquarters
have supervisory charge of the
principal
South American operating properties.
Mr. Arnold has been
and General Manager of the Chile Telephone Co : a
Vice-President
.
Manager.1
with
share
56,962
—
Advances
$1,013,270 and surplus over all liabilities of $119,100,
report filed on July 11, by Director of Insurance,
"
Illinois
$3,631,536
Accounts
the
Officers of the company are:
per
on
1,557,161
dividends
tCompany's
receivable
,
it
in
Subs.)—Earnings—
Account,
share—
per
Cash
31, 1941
shows
j
were
30, 1942,
$15.24
was
share
a
Investments in stocks of other
been
company
18%;
$3,586,273
taxes-
I
$3,462,261), $74,818; operating deficit
1941), $41,259; total, $2,469,866.—V. 151,
this
:•
,
a
liabilities
$6,833,603
common
Accounts
B.
is
maintains
all
$6,867,631
Assets—
'
■
Income
v-
•Physical
of
31,
examiners
over
"' :V:
•
$15.32
dividends
"Excludes
$1,980,193; total, $2,469,866.
Vice-President and Treasurer, and C. L.
1
i 1
with
income
Earnings
82,814
31,959
bad
cost,
of
company
surplus
Dr34,029
income
outstanding
admitted
accord¬
Paul P.
Jones.
The examination has just been completed by examiners of the
Illinois Department of Insurance. The period covered by the examina¬
tion was for three years from Jan. 1„ 1939, to Dec. 31, 1941.
The company
writes automobile lines in Illinois, Iowa, Indiana,
Michigan and Ohio.
It was organized as an Illinois corporation in
The
for
•
.
1940,
assets of
regular semi-annual dividend of 60 cents
per share
stock, par $5, both payable Aug. 1 to holders of record
Like amounts
(at
report
The
and has
prices,
' "
profits taxes
Shares
$17,829
$89,786;
from
America—Asset Value—
company
'•
Surplus
—$223,676
126,732
Illinois Central RR.—Appointments—
ing
share
in addition to the
on
888,725
Illinois National Casualty Co.»
20-Cent Extra Dividend—
The directors have declared
the
market
income
"Common
said
exchange
of
to
income
Net
—
hand,
on
F.
current
sales
Federal
appointed Assistant Coal Traffic Man¬
ager.
He has beea Commercial Agent for the road for the past five
years at Peoria, 111.
Charles H. Campbell will succeed Mr. Smith at
Peoria.—V. 156, p. 79.
"
•
-
Security Corp.
Home Insurance
disposition of so large a block of stock,
it would be bought in by the
the
and
Paul
for
period
■
the
May 31, 1942,
June 30 of the previous year.—V. 155,
p. 2367.
on
Total
2500.
Rommie
otherwise
or
value
compares
Reserve
quo¬
presumed
issued
banks
the
had 18,864 policies in force, of which 14,835
in force in Indiana.
t
,
adjusted
Other
loss
,
V.
liability as maker,
he
in
Director
ample
———
$1,112,400
Dec.
-
in
$12,163.
fund,
emergency
;Operating profit
Ended Dec. 31, 1941
————
Sheet,
1942.
forth
of
by
as
covered
Officers', stockholders' and employees balances-
that the company had been
Harold
or
31,
liabilities
completed byvthe Illinois
filed
company
examination
set
as
report
the
V 1941
1940
1939
—$71,618,682 $51,997,538 $42,297,782 $40,525,984
Cost, expenses, etc,—__
64,210,539
47,897,391
38,014,838
36,330,167
Depreciation
540,511
513,873
780,372
794,926
Net
.
and discount-—
——
net
surplus, $1,582,827;
1942
subsequently
On the basis of current
and
1,
assets
total
Consolidated
(3,513
^
—
of
International Shoe Co. (&
-
———
-
the
The
v •-
share
$32,901;
stock
treasury
———
earned
in
and
.
asset
This
Security
of Home Fire
in
added that
and
Co.
no
securities
natural interest
said,
banks.
the Year
pro¬
taxes, $2,733,800', capital
earned
has been
company
position
through March
with
4,029
StOCk.
debts, $17,580), $120,108; inventories (at cost),
investments
(at cost), $30,020;
deferred charges, $97,434;
assets
this
Investment Co. of
1,074,021
creditors),
other
$3,482,450;
920.
p.
Report—
allowances
——
for
total.
$559,416;
expenses,
profits
excess
Its assets consists of mortgage
16.68%, and cash, 25.52%..:
Net
etc., accounts payable, $51,427; accrued payroll,
$25,581; real estate taxes, $293,535; personal property taxes, accrued
(estimated), $4,873; social security, capital stock taxes, etc., $14,241;
capital stock ($10 par):, $2,046,650; paid-in surplus (after writing off
at auction.
Insurance
company
owned
and
the offering
of
the
he
and
accrued
r
—
foregoing
reserve
$152,324;
value of around
a
collateral had not been successful
notified
had
Account for
Balance
$13,700,000.
Wilfred Kurth, President of the Home Fire
Security Corp., said that
negotiations for a further extension of the loans for which the stock
was
(trade
i
Assets—Cash
$703,552;
'
Liabilities—Trade,
outstanding shares of Home Insurance
collateral
reduced
of Canada
of Adrian
rooms
3,000,000
Corp.
Loss
new
common
149,457 shares with
1938,
company
■and
is exclusive of losses on sales of real
amounting to $33,577, which losses have been charged to reserve
depreciation in land values, including depletion.
-
for
shares
one
new
buildings,
$1,384,193),
depreciation,
patents,
Company writes accident and hospitalization insurance, and is licensed
in Illinois and Indiana.
Officers are H. L. Loomis, Pres¬
ident, and Walter Stiegelmeier, Secretary-Treasurer. On March 31, the
349,663
(transferred to surplus account)—
Note—The
'■
The
loss
Net
value
common
following basis:
common
Home Insurance Co.—Block of Stock
29
1941
of
cash
admitted
$96,507.
present
preferred stock.
outstanding capital will
value of
,
31,
surplus, $710,312;
$4,224,186.
earned
loss
„
each share of
shares for
The
Dec.
cost), $17,987; total,
profit
$78,352;
(wholly-owned)
$63,598;
to- operate
$0.56
deductions
preferred
par
155,
requirements.
30,
stocks,
estate
outstanding
be
Sheet,
and
and
Insurance,
the
$15,000 reserve
$1,493,379
—_ —
of
reveals
Total
$1,008,315
—
payable
Extraordinary
150,000
$100.
will
Sept.
*
$1,393,537
——
——
Miscellaneous
each
examination
operating
135,400
--1-.
Selling, general and administrative expenses--
possible
changed into
non-cumulative
stock,
An
Jones
and taxes, $102,348; provision for 1941 Federal income
and
land,
for
reserve
charges,
Ltd.
Co.,
$1;
unamortized
shares),
par
$2,478;
sales
V Gross
1, when
Aug.
it will be
out,
the exchange of stock.
plan the authorized capital will be
the
of
taken
around
for
arrange
Under
time
some
-
of
'
less freight, returns,
of
Cost
income
no
>
Excess
Capital plan of reorganization of this corporation has been approved
by both classes of stockholders. The scheme now goes to the Court
for
Federal
Department
►
99,842
—1—.
———
$1,324,783;
at
Profit
Hillcrest Collieries, Ltd.—Plan
$8,358,492.—V.
1941
tax——i
income
Illinois Brick Co.—Annual
1600.
p.
for
(375,698
proceeds
surplus,
preferred.,
A like
Arrearages as at
July
(less
and
deferred
,
Tool
value,
Industrial Casualty Insurance Co.,
Bloomington, III.—
Assets—
•
—————
share—
value),
and
expenses
Pneumatic
nominal
Liabilities—Accounts -payable
stock
tax, $135,400; other payables, $17,711; reserve for compensation insur¬
ance
(self-insurer), $125,437; capital stock ($1 par), $1,793,281; capital
on
convertible
to holders of record
Aug. 1
Jan. 30
on
dividend
a
payable
$50,
par
amount
declared
Ended Dec. 31,
surplus
paid
per
accrued payroll
Department Stores, Inc.—Accumulated Div.—
directors
to
equipment
vision
\
———_—i—:—
_——1-4-——.
Liabilities—Accounts
Hearn
>
on deposit and on hand,
$468,315; bullion in transit
received from mint), $171,596; gold specimen ore (at
accounts receivable, $5,197; materials and sup¬
plies (at cost), $320,964; collateral deposited under self-insurer's bond,
$30,000;
properties, plants and equipment
(less depletion and de¬
preciation), $3,188,253; deferred expenses, $36,883; total, $4,224,186.
-
(net
assay
($1,363,700
etc.
reduce
and
■X; Assets—Cash
t$1.18
for Federal taxes
prepaid
Independent
to
trademarks
$4,038,829
——————2,645,292
operations—
1940
$251,966
t$1.28
1942),
"
"
•
the Year
—
Balance
$426,709
taxes in
profits
'
'
.
;
(net)— —
income
Earnings
1942
$681,995
- t$2.05
in
reserve
owned
Net
9 Months Ended
•Net
profit
•Earnings per
(
$1,474,320
Hayes Industries, Inc.—Earnings—
...
$2,815,145:
————
income
Dividends
;
*
receivable, $35; notes
receivable on sales of real
Depletion and depreciation
155, p. 2457.
•
,
(less reserve, $79,154), $1,518,618; sundry accounts receiv¬
working funds and traveling advances (less reserve),
inventories, at cost (first-in, first-out), which approximates
less
accounts
mortgages
„
Provision for Federal
'
•
1,127,094
of Dec. 31, 1941
as
$18,023;
total,
contracts and
expenses—
Net
First mortgage 4Mi
Accounts-pay., accr. interest and prov. for taxes
Balance Sheet,
in banks, $2,181,128; U. S. Government securities (at
market price, $16,650), $16,000; customers' notes and accounts
investment
$2,883
Maryland Mines Corpv^-Earnings—
Operating
" $1,555,005
i——————
$955
Operating revenues
.
728,950
2,004,850
market,
"
Sheet, Dec. 31, 1941
'
23,451
XXi"/
I
—
82,898
_
—
receivable
3,838
Statement of Income for
818
$1,444,486
Total
$4,371,703
———
.
$123,671,
Idaho
$4,335,561
$17,824;
able,
accrued interest receivable, $262; deferred charges, $45;
$75,235.—V. 155,
572
•
55,168
—
.
and interest
Accounts
6,403
-
1941
—
1,559
528
• -
Assets—Cash
Liabilities—Liabilities, $704; capital stock ($10 par), $88,500; donated
surplus, $5,995; capital surplus, $6,307; operating deficit, $26,271; total,
$1,421,116
fi
—_—
Deferred charges
Cash
in
$521;
estate, $35,677;
1940
——12,383
_____
receivable,
v;
83,?'J5
—
$946,251;
'
total, $75,235.
Assets—
-
Operations for the Year Ended Dec. 31,
Balance
31
Dec.
income
quoted
Report—
——.—-—
Assets—Cash
Net
tax
,
^
for the year——
Net loss
'
$8,358,492.
of
expenses
1940
$171,053
103,203
■■
Rent, dividends, interest income, etc
income
Total
V?v^:X
7
36,142
charges
income
profits tax
Net
no
,
Ended Dec. 31, 1941
year
-
machinery
Statement
Account, Years Ended Dec. 31
1
'' '
.
equipment-^--—V
Dividends paid
$63,538,008 $61,944,466
tRepresented by 500,000
shares.
par
no
163.
'
profit
earnings
Federal
Excess
! 4,553,065
Idaho Live Stock Lands, Inc.—Annual
Harrisburg Hotel Co.—Annual Report—
Income
'
:
156, p.
J
income
Miscellaneous
21,926
12,141,812
3,281,291
—.
shares.—V.
494,854
25,605
13,211,149 ;
——_
—_—
•Represented by 20,000
par
operating
Gross
5,124
31,298
•
—
Total
Federal
for
($100 par), $250,-
cumulative preferred stock
5,972
"
•
—
(contra)
Net
plant and
on
83,827
—^
Earned surplus
$23,448; preferred dividends payable, $1,562; accrued
260,217
^
liabilities
Reserves
ties not delivered,
2,383,519
—
—
credits
'!*
27,500,000
486,025
150,000
574,585
1,376,804
——,
—
—
current
Consignments
$5,272; customers' payments on securi¬
Liabilities—Accounts payable,
taxes
—
long-term debt and interest--——
Deferred
$1,383,006.
•
——
deposits
accounts
Miscellaneous
commitment,
underwriting
security
under
Accrued
interest accrued and
$435,810;
hand,
on
10,000,000
27,500,000
575,270
150,000
630,121
-1-—-J
Dividends declared
Balance Sheet, Dec. 31, 1941
Depreciation
Miscellaneous
—
of
receiv¬
'■>
.
$3,000,000
2,020,000
10,000,000
2,020,000
J-__—
bills
profit before depreciation —'
l-l'—$5,708,531
Selling, administrative and general expenses—
1,289,006
21,926
;
$63,538,008" $61,944,466
stock
Dominion
and
X-'/ii'--.
151, p. 2500.
Profit and Loss Account for the
^
"
preferred cumulative stock ($100 par)$3,000,000
fCommon
accounts
accounts
Gross
102,435
Accounts
$1.19
Earnings per common six-are—;— — —;——_____■;'
:
,
deferred charges--—137,138
Long-term debt
payable
31,'194l_2_w__—2.._—$363,301
at Dec.
251,187
5,972:; 5,124X
•$6 preferred cumulative stock
$18,252,716;
trade
other
Independent Pneumatic Tool Cc.—Annual Report—
15,645
251,187
':'n::XX:X
•Plus accrued interest.—V.
•
2,228,375
'i
r
25,553
2,102,083
'r/XXX
banks,
"$5,646,279;
$17,250,969;
$0.65
V-...■
1941
(
*
•• 546,666
assets_L_,^r._-u'--~—17,745'
Total
bonds,
reserves)
in
$0.60
,
..
Liabilities—Accounts payable, $10,065,678; amounts owing to subsidiary companies, $3,692,149; reserve for/taxes on earnings and other
accrued
taxes
in
Canada,': $9,443,607; reserves, $26,735,554; capital
stock
(26,965,078 no par shares),,! $77,974,960; capital surplus, $15,264,192;
earned
surplus,
$38,119,226;
total,
$181,295,366.
6,949 %
1,018,885
1,213,034'
'•
——
other
and
(less
and
617,872), $43,103,735; total, $181,295,366.
744,565
25,213
: Liabilities—
1%
13,437
dividends
—'
hand
on
1940
$16,144,069 $17,638,717
\
2,500
1,083,335
—
capital stock——
-Special deposits /
Consignments (contra)
Other
$84,805
surplus
Common stock dividends
Balance
.•!194Q
4,545
^
—
supplies
Miscellaneous
4,608
taxes for 1940)
1941
:
receivable, including
accrued interest on miscellaneous
investments, $1,509,977; crude oil and
refined
products, $33,490,141; materials and supplies (at cost), $3,818,730;
deferred
accounts
receivable, mortgages and miscellaneous
loans and advances
(less reserves), $4,251,274; miscellaneous invest•ments, $4,394,020; investment in subsidiary companies, $48,974,261; de¬
ferred
and
prepaid charges,
$602,979; goodwill, > patents, copyrights,
trade marks and licenses, $284; land,
buildings, plant, .transportation
and
other: equipment
(at. cost) .. (less reserve for depreciation, $85.'-
$56,974,657
—449,377 V -v
receivable
-
H YY/!:'•;yY
/Y;
Reacquired
:
$422,488
stock
166,568
$2,927,686
1941 l
**I-.
Prepayments
89,413
surplus
Preferred
962,500
•
•
intangibles)— $58,220,273
demand)—-.^—
(on
receivable
Materials
1940
Dec. 31,
at
Balance
962,500
Sheet,. Dec.' 31
'*i•
Unamortized debt discount and expense
Net income carried to earned
$4,056,754 '
$2,922,279
—
Plant, property and equip, (incl.
Accounts
operations——
(incl. $1,635 addit.
mortgage bonds—y
on
17,760
.
$4,056,843
Other interest and deductions—_—2—2--Yw'YvY .172,064
270,30j
for income taxes
Prov.
income
Gross
'**-%' 5359,719
income from
Canada
•;
$4,038,994
InvestmentSv.-'-i,----'-^^---—'—YYYYYV 2,500
ExpensesNet
operating revenues——$4,047,408
income—————-Y'Y'.
9,435
Notes
Total'income
Assets—Cash
.'V.y
'T,
taxes
Balance Sheet, Dec. 31,
■■'.71
175,910
1,145,183
Other
Ended Dec. 31,
Income Account,.- Year
i
;
645,745
—_
able
X 'x
Harris, Hall & Co.—Annual Report—
taxes
__—__Y_—1,193,059
Cash
-
earnings after all
Earnings per share
904,431
Property retirement reserve appropriations—,.*—: >'1,285,520
b.XX'X.)-
.-'./V.';
V
'''
Net
■'
Provision for Federal excess profits
$12,282,708,—
total,
$1,194,133;
1935,
1,
Jan.
from
«
—
income taxes—1,159,669
for Federal
Provision
accrued wages and commissions, $348,866; accrued real
"estate and
general taxes, $253,438; reserve for State income taxes,
$383 728' reserve for Federal income and excess profits taxes (less
>
U S- tresury notes, at cost $1,000,920), $2,816,956; reserves, $797,911;
5%, cumulative preferred stock
($100 par), $86,900; 5% cumulative
"preferred stock, second issue—15,025
shares ($100 par) $1,502,500,
common
stock
($10
par), $2,875,767;
capital surplus
$1,323 680;
surplus,
1940
$14,318,630 $13,007,100
5,987,231
5,282,260
1
Operating expenses
$58 118;
mrned
Earnings for Calendar Years
1941
•
_____
Monday, July 20, 1942
V;
Imperial Oil, Ltd.—Annual Report—
j
Statement
Income
Year Ended Dec. 31—
other accounts^ pay¬
$640,702;
payable—trade,
Liabilities—Accounts
able
Power Co.—Annual Report—
&
Comparative
and
notes
•
subsidiary.-—V. 156, p. 163.« •'■
" -
*
<...
y.„: •
;
..
.
.»
.t
j
• <
t
-
Volume 156
(John) Inglis
shareholders
The
,
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4091
Co7t Ltd.f^Offer* to-Sftockhblders-Tof
June
record
22
-The disbursement will be made entirely in war bonds.
One-half of
will be paid into a
pension fund to inaugurate a new retirement plan for employees, ex¬
tending the benefits of the Federal Social Security program.—V. 156,
p. 163;
- < ••
•
•
v.
purchase 10% of ^their holdings, at $10 a share. The' offer is good until,.
July 31. In' cases, where fractional' shares would .occur as a,'result of
the offer to buy 10% of any shareholder's holdings, • the offer, is good
for the additional share" necessary to eliminate fractions.
made
Worthington
with
>
Net
1941
1940
1939
$2,638,790
726,244
$3.32
$2,161,213
748,934
$1,606,937
754,434
■'"
-
$2.58
$1.83
After:
<
726,284
$2.68
1941.—V.
depreciation, depletion, obsolescence and Federal income taxes,
now
the
'•/Net
Lit Brothers, Philadelphia—Accumulated Dividend—
;
The
of
directors have declared-
accumulations
the
dividend of $2
a
share oh
per
Oct.
8, $3.—V. 155, p.
'
1942—Month—1941
1942—12 Mos.—1941
;
$120,305
$95,579
61,989
total
•
h
i
income
i
-•-■
'V:
1,359
$34,949
7,500
accruals
reserve,
1
.1.-1 =
credits
Revenue
8,988
$452,214
Net
;
income
Gross
i.
Interest
J.
.
S.
Amort,
Co.,
of
;
•
9,522
Period End.
VyA 5,172
1,225
,
;■ $19,808
$259,265 :
Interest
^
.
revenue
June
Cost
1942—6 Mos.—1941
-1942—3 Mos.—1941
30—
—V.
royalties,
divs., etc..
94,436
-
income
depletion.
and
Reserve for contin. aris-
301,335
Net. earnings
Preferred
9,039,013'
$1,457,213
$1,799,389
65,497
87,500
> 637,500
87,500
1,062,500
''
paid—:
Surplus
$634,304
Note—The
$1,62
•based
the
on
for income
provision
estimated
$649,389
$732,213
S1.24
amount
the first half of
taxes in
which
is believed
1942
Johnstown Traction Co.—Delivery
National Uniform
Practice
Committee
to
amended
its
announced on July
was
that
10
a
135
and
U-44
:
(including railroad operation)
'
»-
■
Robert
reserve
for
be
Kalb,
chiefly concerned with product engineering.—V. 155, p. 2458. ;
Kennedy's, Inc.—June Sales Off 26.0%-*-'
*
1942—Month—1941
$641,640
$867,107
Period End. June 30—
Sales
—V.
156,
p.
80.
<
;;
advances
"■
Period End. May
1942—Month—1941
31—
$28,973
9,250
Maintenance
Net
operat.
2,235
;-
22,
states:
V':
over
rates,—V.
1941
Gross
reports
.
.
.
in letter.to
:; <■*
y
26,862
Interest
27,650
from
prior
to
of
$6,603
$6,993
$93,383
Net
Net
—V.
'. 55
799
3,561
4,134
$6,658
$7,792
$96,944
$82,434
1,808
1,884
23,332
23,947
■
$5,908
$73,612
$58,48.7
24,374
24,374
$49,238
requirements—.
•—V. 155, p. 2280.
■ ■■;■
.
——
$2,105,273
mortgage bonds.:
Assets—
'
other charges
59,646
966,297
114,678
'
Balance Sheet, Oct. 31,
■.*'
have declared a dividend of 30 cents per share on the
$1, payable July 24 to holders of record July 18.
From March 22, 1940, to and including Sept, 25, 1941, the company
paid quarterly dividends of 20 cents each: none since.—V, 154, p. 1149.
The directors
stock,
153,
par
,
p.
103.
Investments and
debits———.
1942—Month—1941
613,254
$321,969
1942—4 Mos.—1941
$3,808,292- $2,915,563
2,458,324
2,407,241
$730,255
610,593
$117,001
>
^
—
-
31-^-
revenues—^.
$1,349,968
$508,322
expenses—3,227,558
taxes—938,261
oper.
$898,975
.887,456
income
income
—
$937,582
905,283
,
1,234,817
112,977
and
4*321,102
7Mos. End.
"
9 Mos. End.
April 30/42 Sept. 30/41
■
;
i,
Consolidated Income Statement for Calendar Years
is4o
$74,170,806 $66,325,825
26,484,973
23,548,128
3,862,173
3,455,268
—.w—9,425,858
8,722,231
;
7,382,846
6,653,609
4,526,987
2,283,474
; 156,984
.42,672
and excess profits
2.914,849
1,773,444
revenues
Operation
——*.
—_
Taxes
,
Tncome
taxes-
■'Excess
profits
276,529
$59,471
$0.29
$65,956
$0.31 •'
(& Subs.)—Annual Report—
in
Charges
taxes
.
—
lieu
of
income
—
—
Net -
$12,578,002
:
—
companies——
—
-
—
deferred
—
——-—
$19,416,134 $19,846,999
479,023
565,541
$19,895,157 $20,412,540
income
Gross
9,662,963
838,543
^
fcredits—v——
Interest
1,882,977
——_
L-_
operating income
Other income (net)
1,042,000
—
*
reserves
$4,679,146
4,536,419
$4,396,402
155, p. 2459.
—-y——$26,107,678
liabilities
reserves
1942—5 Mos;—1941
$4,505,586 $24,490,942 $21,686,005
16,107
90,822
' 79,505
2,759,163
15,610,459
12,837,498
792,734
4,393,259
4,089,856
1942—Month—1941
$5,083,184
18,390
Maintenance
—
—
Long-term debt (bonds)
Advances from associated
Other
jvr/V!,;
[Exclusive of Central Illinois Public Service Co.I
"■ *1941'■/
$24,483,355
Liabilities—
Current
■:
$932,582
deprec.—
earnings
|
l?il
special funds——.—:—
Total
Retirement
/";
(Canadian Currency)
Depreciation
Capital stock and surplus
•common
in.-
and, sundry
profit after all charges and taxes——>.
"Earnings per common share--,——
— /■
"On 210,262 shares.—V. 156, p. 164.
;
■,
Fixed ' capitali-UuH_-^.-._---.,-_-.-_^.___-..^-*-,-.H._w_
-Current assets
■>.
;
•
subsidiary, $287,765;
$14,866,232; discount and
written
off), $160,891;'; total,
cost,
Net
$964,653
,.r,:
■
:Deferred
at
Operating
Net income.
$34,113
King-Seeley Corp.—Resumes Dividend—
,
in non-Canadian
assets,
proportion
Miller Tool & Mfg. Co.—Earnings—
,
11»
fixed
(less
■
'
Balance
hank, $9,342; accounts receivable'(less
Period—
$78,300
.
1941
of
investment
bonds
&
Operating
Operating
the
the
12- Months Ended Oct. 31, 1941
;—
associated companies^Amortization of debt discount and exp. and
,
———
31,
156, p; 81.
Operating
the security holders
company,
Interest on debt to
on
$437,781
—
accounts),
.Uncollectible oper. rev._
V■.
:y yy
received
income
37,197
$4,851
$286,032$332,965
150,000
Middle West Corp.
■
87,671
27,989
155,
19,958
45,904
—
and
wages
exp.
Net
—V.
$2,108,143
Dr2,870
39,212
:
„
628,763
"
administrative
and
profits taxes;(:;yyy'::\:y ;y
Operating income
Other income, net_.
$2«2.535
72,568
55,157
^Interest & amortization
dividend
Oper.
1942—12 Mos.—1941
3,263
■
10,605
Period End. April 30—
Gross earn, from opers.
$6,796,434
4,688,291
-
Preferred
■■■
Results of Operations,
3*054
-V
642,811
157.047
12,782
Mexican Light & Power Co., Ltd. (& Subs.) r—Earnings
•interruption of the mails, covered the period of operations
company for the 12 months ended Oct. 31, 1941.
This report, which
was unaudited,
showed that its.financial position at that date (ex¬
pressed in dollars on the basis of one dollar to two pesos of Philippine
currency) was as follows:
■ v;
"
2,408
:•.//.
'... Balance
depreciation
estimated at 25%
are
financial
5,041
.
Balance
taxes,
Lawson, Assistant Treasurer,
latest
3,555
(net)
659,88 5
*172,136
;
Michigan Bell Telephone Co.—Earnings-
3,277
taxes-%
revenues,
.Other income
security
Operating expenses, provision for. retirements and taxes—
94,652
18,775
399,855
$453,078
453,078
loan, $2178,000; accounts payable, $357,036; .accrued
charges, $155,082; estimated liability for
(1941)
income and
excess; profits
taxes and adjustments, $183,671;
instalment notes, $271,011; bonds, $5,171,500; reserves for depreciation,
.$5,519,714; 5%%
preference shares ($100 par), $5,000,000; common
shares (150,000 no pari, $749,988; consolidated surplus, $9 06,778; total,
$504,925
:
—
Gross operating revenues—
$347,083
361,748
$1,182,205
inventories
$148,058;
on
interest,
'
•
income
■Other" 'taxeS. i:
;■
social
]
Depreciation
Federal
$24,416
6,462
1,247
revenues
R.
The
Key West Electric Co.—Earnings—
Operating
Operation
to
.expense
32,000
Manila Electric' Co.—Earnings—
P.
1942—5 Mos.—1941 ,/
$3,681,554
$3,447,169
■
298,964
$1,143,428
h-
doubtful
vestments,
■
but does not include any allowance for mine depletion, capi¬
dated-June
$852,933
$879,206; accrued interest on'bonds
newsprint, pulpwood, stores, eto'., $1,651,257; notes receivable, non-Current, $45^,057; cash in hands of trus¬
tees for bondholders,: $3,891; deferred charges to operations, $124,277;
139,100
tax or Federal income and excess
2008.
1938
$1,543,953
277,062
hand and in
on
$4,833;
Period Ended May
formerly Assistant Chief Engineer, has been ap¬
pointed Chief Engineer. : B. A; Wallace, associated With the Kellogg
-Laboratory and Engineering Department for many years,'has been projmoted to the position of Assistant Chief Engineer.
Mr. Wallace will
M.
dividends
■owned,
16,876
profits tax—
excess
Note—Federal taxes
p.
1939
$1,442,412
$676,025
'
Kellogg Switchboard & Supply Co.—Promotions—
v
Federal
—,
1940
$1,407,897
taxes etc.
Assets—Cash
■
"The average cost of producing copper is after deducting gold, silver
zinc concentrate values and includes all operating costs, Arizona
tal stock
Subsidiaries);
Consolidated Balance Sheet Dec.
8.7529(5
^__^r
income
expenses,
compared
Liabilities—Bank
Net income after provision for all taxes—.
•taxes,
$9,373,000
8,039,000
4
as
Ltd.—Earnings—;;;_
Canadian
deprecia-
pro¬
and
redemption at
made at the
South Broad St., Phila¬
$8,162,000,
164.
$1,130,835
.
total of $10,000 of first mort¬
totaled
1942,
"Includes excess profits taxes.
11.79710
«
1942—6 Mos.—1941
debt
'
Co.—Bonds Called—
trustee,
Co.,
profit —:-.u—U
Net
Preferred
dec¬
21,652,819
Estimated Federal
gage bonds dated April 1, 1908, had been called for
<105' and interest to July 9,
1942. / Payment is being
Fidelity-Philadelphia Trust Co.,
delphia, Pa,—V, '155, p.. 1679.
30,
loans——
inc.
'
$659,149
y
.
previous.—V. 156, p.
„—
for
for
,
It
other
Provision
subsidiary,
Federal normal income tax and surtax
the 1940 and 1941 coupons in addition to the current and sub¬
sequent ones."—V. 139, p. 767.
'/.%
'"■'■'
$25,399,377 $21,654,789
$1,591,000 $14,528,000
1,641,000
10,756,000
1941
funded
on
$18,522.810.—V.
of these bonds in settlement of contracts entered into henceforth shall
Kanawha Bridge & Terminal
June
year,
a
'
darry
,
at
Years—
Prov.
Co.—Earnings—
income
Total
1942—6 Mos.—1941
$4,505,239
1942—Month—1941
profit from year-
and
2459.
Mining
of trade, deliveries
$997,345
828,171
$1.10
-v
'
'
$4,787,000
1,729,000
..
orders
$4,610,000
Gross
expense,
Average net selling price per lb
"Average net production cost per
those years.
,
;
1942—Month—1941
'
——
Interest
of Properties—
on
income
.
$0.57
accrued
End. June 30—
Calendar
-
Copper produced
Other
828,171
as
(And
'.y
Corp.—V, 156, p, 81.
filed
Magma Copper
•
,.
$556,092
828,171
$0.66
-
$0.20
$18,592,810.
the stock of this company, so long as any installment of in¬
-„'■'*
%1
'
"We have been further informed that, as the coupons call for a'
definite sum of money rather than current earnings or accruals, the
:1940 and 1941 coupons may be required to be presented in the event
a
later declaration is made which includes accruals appertaining to
on
•
"Therefore., unless otherwise agreed at the time
flood and rehabilitation
■supplies, and accounts receivable with respect to such properties and
the acquisition and retirement by American Utilities of not exceeding
$400,000 principal amount of its collateral trust 6% bonds, series A.—
V. 155, p. 2281.
-'v. ;'N.V>
"We.have been advised by an official of the Johnstown Traction Co.
and the -trustee, Fidelity-Philadelphia Bank, that no dividends can be
$593,830
828,171
applicable to first quarter.
Act
Mersey Paper
1941
of 1935, under
sell to Louisiana Power & Light
Co. all of" its electric" properties for sum of $437,156 in cash, subject
to certain adjustments.
The sale'Would also cover all of the materials,
>
paid
$211,231
Billings
'which Louisiana Public Service would
the NASD announces:
480,000
....
$4,969,924
Bookings
$33*427
1942
July 9 permitted to become effective an
by American Utilities Service Corp. and
Louisiana Public Service Corp., pursuant to Rule U-42
mulgated under the Public Utility Holding Company Act
is
terest shall remain unpaid.
SEC
$1,447,345
925,000
—
amortization of
expense,
$1,481,032
270,000
90,978
:
(& Subs.)—Earns,
Louisiana Public Service Corp.—Sale
The
Ruling—
of
■
laration
anticipate the requirement of the rates likely to be enacted for 1942.
The provision .for tax contingencies included in«the total of taxes
amounted "to $425,000 for "the first half of 1942 —V. 155, p. 2007. "
;
The
.
Bd. disc. & exp. writ, off
$3.35
be 'sufficient
to
and
17,575
'
111,155
$863,830
:
$791,231
580,000
been
Revenue
„.™.J$14,920,070 $12,437,101
1
See Louisiana Public Service
.
$1,568,301
•
..
to
.
—
Period
1,275,000
$2.01
;
$77,862
.
Louisiana Power & Light Co.—Acquisition—
y
■
Earnings per com. share
.
r
155, p. 2281.
Balance
175,000
-
,
:
•amortization of contractual capital expenditures, etc.—V. 155, p.
$3,018,801
43,750
"425,000
paid—*:
.
taxes have
Unfilled
operating income"
count
$1,103,054
divs.
divs.
Common
3,351,277
'
22,957
'
Mengel Co.—Bookings Increase—
$98,923
4,029,195
4,034,898
"Net
income
'2,919-,837 - 2,798,206
"After^deductions for all interest charges, amortization of debt-dis¬
292,832
5,355,623
880,000
219,532
5,316,684
—V.
«
revenues
$1,510,748
$1,569,290
9,777
41,987
55,594
——1_
1941
Sales
12
68,760
debt
12 Months Ended May 31—
Net
,
.
ing out of war cond.
Taxes, includ. conting...
the
with
$22?1S8,613 $48,936,887 $38,896,280
19,587,023
16,572,373 * 35,905,326
29,130,487
657,415
:
5581218^; r 1,313,160 V-1,098,537
$2,400;679
889,931
I://.;54
-Louisville Gas & Electric Co. (Ky.)
t
$26,965,511
and expenses.....
■%■;-■■•
13
%
83,771
182,039
59,150
v
155, p..2095.
$2,484,636
915,346
Melville Shoe Corp.—June Sales Up 10.3%—
84,275
$98,857
•■■'V $146,622
Net income to profit and loss
*
_
from
Deprec.
120,244
fir
funded
on
1942—6 Mos,—1941
.
$183,132
$146,572
income
Interest
$26,871*075 $22,099,463 $48,754,848 $38,812,510
commiss-.
794,117
Miscellaneous income
Gross
,
in accordance with the provisions
adjusted to give effect to the rates pro¬
posed by the House Ways and Means Committee'as of June 30, 1942.
E.
M. Allen,
President, states: All plants have been running at
full production during the last quarter, and we are exerting .every
effort to complete the magnesium-chlorine and ammonia planis we
are constructing for
the U. S. Government.—V. 155, p. 2096. '
7,378
$308,820
—
Federal
•
of
$1,097,493
133,825
-U...;
„
Earnings—
$896,040:
$836,087
10,738
:
4,
Period End. June 30—
$228,491
(& Subs.)—Earnings—
i*.
^Includes adjustment
;
$1,293,529
850,883
;//.•' Operating income
Cr227
$25,629
sales,
Total
"J
^....1
i
162,248
Operating
«
^0
25,346
77
155, p. 2280.
Income
•
9,152
h*
Neb.income transf.
'
Johns-Manvillc Corp.
V
9,036
1941
85,404
750
-Cj-i—
Net' income
Net
$328,219
84,390
■
debt discount
-and"expenses,
'
Other income charges...
—V.
$362,214
7,107
762
7,001
•
■:Vv.
\
$27,449
$34,606
—
Ltd..™
m.W ha
Total income
$1,090,038
■
deb. stock—
on
P;
rate and
liability for
'
1942
$1,268,113
'
.
from transportation.—..——
frqm other rail and coach oper—
operating
m*
.Shares of common stock—
Earns, per com. share—
.
Operating expenses J
"■Depreciation '—_L—
90,000
40%
the
;
"Prov. for Fed. taxes
Corp.—Earnings—
.' Operating;, revenue
$418,219
-
90,000
'
a
the basis of 5V2%
cumulative
6%
Other' revenue
$409,231
-3,716 /
-
Month of May—
Passenger. revenue
'
•«,
$448,497! J
$33,590
$42,106
;
Drl,031
7,500
(net)——
Gross income
Retire,
«
$43,187
Utility operat. income
Other
'
$1,144,759
882,196 "' V 735,528
950,440
8,605,490
made for Federal income tax at
charges
1839.
Los Angeles Ry.
$1,330,693
77,118
Period End. May 31—
Operating" revenues
Oper. rev. deduct,
(& Subs.)—Earnings
...
164.
from oper;
earns,
Income
-
^;v'
156, p.
Income
account
preferred stock, par $100,
"payable July 21 to holders of record. .July 11.
This compares with
>$2.50: per share; paid on March 30, last, and $2 on Jan.
16, ,1942.
Payments on this issue in 1941 were as follows: April 14, $2,50, and
on
...
826,864
701,206
8,878,832
.
—
,
pending before-Congress, report states.—V. 155, p. 2281.
to
1941
$6,058,705
1,073,564
.
Period Ended June 30—
1942—3 Mos.—1941
Total earn, from oper..
$1,293,805
$1,341,163
Prov, for depr. & depl;
457,718
445,123
Federal income taxes, consideration
probable increase under the proposed new tax law
given
...
Mathieson Alkali Works, (Inc.)
Note—In computing provision for
;
.was.
1942
$6,656,093
.......
income
surplus
Jamaica Public Service Co., Ltd.
...
-
Light Associates—Earnings—
Tor Federal excess profits taxes on
•
r'-:
accruals
"Provision has been
1942
$2,170,269
Shs com. stk. <par $25)
■Earnings per" share—
,
"Financial Post.")
12 Mos; Ended June 30—
-
>*Net profit
J*; whereby John
.
"Federal 'tax
Gross earnings
Hahn* President,
tof ,arrangements
Power &
May-31—
Operating expenses and taxes
Lehigh Portland Cement Co. (& Subs.)—Earnings—.
states that this "offer, arose as a result
Pump & Machinery Corp.,
Inglis gets exclusive rights in Canada
to the-lines of. manufacture controlled by the Canadian subsidiary of
Worthington and of Worthington's'associated companies.
: "k •-*/..
*
AS a Condition of the' agreement, John Inglis had to make available
to Worthington's Canadian subsidiary a 10%, interest in the John ;
Inglis capital stock. , The whole of the John Unglis authorized capital,
stock of 250,000 shares at $6 par each has - been issued. : To avoid
dilution of existing capital, a group of Inglis shareholders agreed to
pell to Worthington's Canadian subsidiary the required 25,000, shares
at- $10 a -share.
This group is now extending to other IngJs share¬
holders an opportunity- to sell 10%- of their holdings, at, the $10 a
share price
;'
'<!■
1
v '
%
■\
The Worthington company makes an extensive line of, industrial
machinery, " including pumps; compressors, Diesel engines,;-rair con*
ditioning equipment, turbines, marine engines and condensers. (Toronto
;, Jftmes E.
5 Months Ended
*
i
Harrison, N,
.Massachusetts
the bonds will be distributed now and the balance
to
of an offer
receipt
In
are
255
Amortization of debt discount, etc..
103,193
on
debt—-—7,534,248
————
1,191,172
preferred
stock
refinancing
long-term
of
Amortization
expense
'
-
.
7,814,063
1,3^5,512
371,526
99*200
.98,948
125,319
159,828
110,296
5,413,587
5*449,378
"
Total
,
Lane Bryant,
:
Inc.—Adopts Profit-Sharing Plan—
The corporation, on July 15
announced that the directors had author¬
$100,000 distribution among 1,400 employees in New York and
18 other cities as the start of a profit-sharing policy under which the
ized
a
will disburse 10% of its profits to every one who has served
the company at least one year.
Payments under the plan will be made every six months, and will
company
depend on length of service and
The Chairman of the Board,
Tn
the
corporation's' employ
not on rank or regular rate of pay.
and a shipping clerk, if -both have been
for 10 years, for instance, will receive
exactly the same amount.
$26,107,678
No communications have been received from Manila Electric Co, since
the occupation of Manila
by the Japanese and
has been received from other sources.—V.
no
reliable, information
154, p. 246.
General interest
(net)
-v.-•
deductions'—'———- 1'
Dividends declared on. preferred stocks of sub¬
sidiary companies held by the public
—
Other
income
Dividends
not
declared
interest in net income
companies
—,—.———
Minority
Masonite Corp.—Extra Common Dividend—
The
share
directors
in3 addition
have
to
declared
the
an
usual
extra
dividend
of
25
cents
per
quarterly dividend of 25 cents per
value,, both payable Sept. 10 to
holders of record Aug; 15*
An extra of 25 cents per share was paid
on this issue on June 10 and Sept. 10, last year.—V. 155, p. 2368.
share^on
the
common
stock,
no
par
Net
income
"The
—
—
consolidated
1——
accounts for
—
——
—
:
the year 1941
of Lake Superior; District Tower
majority owned subsidiary in that year.
operation
853,787
of subsidiary
868,759
\,
•
577,685
632,149
$3,728,885
$3,953,349
include the results of
Co., /which became a
THE COMMERCIAL & FINANCIAL CHRONICLE
256
Year End. Dec. 31—-"
Dividends—
,
dividends
Preferred
A
:
*
'
*
Interest
on
on
$973,955
39,595
350,075
i—■
18,288
56,742
—
Operation
income
Federal
Excess
Accrued
and
1940
_
Earned
'
Miscellaneous
'6,792
*•
4,703,832
6,233
and
Prepayments
Deferred
;;
stock.
$5,b2J,728
"
6%
4,687
.
Assets—
Long-term
,
.
Customers'
1940
plant
Investments
equipment
and
in; and
panies, etc.
Sinking fund and
other
to
deposits
special
•
Prepayments
Other
Dividends accrued
on
1%
25,817,978
1,760,840
13,762^097
939,988
Materials
and
supplies
Total >
■
receivable.
7,724,063
—
surplus
16,536,513
Preferred
by
stocks
subsidiary
10,747,949
97,286,402 1 94,796,489
stock
common
Taxes
Deferred
; 'Notes
and
surplus
|
-
■
2,561,693
576,641
deposits.
'1941
••
:
Balance
.
Assets—
Sheet; Bee.
XJV~U:
50,698
370,760
Investments
s
1941
other
and
.Depreciation
1940
;
1,378,893
;!!■,;•■ 1,138
Deferred charges
1940
Accounts
1,155
;
.
taxes
-
______
;;
—
451,506
Accrued
.Other
623,413
56,425
-
49,615
(25,375
no
6,123
Amortization
of
Miscellaneous
Net
61,657
expense-
deductions
!!-
14,518
profits
excess
''
..
i
-
...
taxes
deposits
■
current
$4,129 covered by
liabilities
dep.
spec.
Dec.
.
;
-
accounts
and
!
1940
V
:
297,535
■
supplies
Net
716,430
3,201
' 126,507 " .!!•
98,798
1,487,979
462,492
921,423
stock
Due
to
deposits
Federal
and
Accrued
228,067
in
201,202
'
Interest
'
-
36,029
•/
Net
income
taxes-
400.119
350,360
252,826
construction^
'
,
.
Investments
Other
a
dividend
of
20
932,964
cents
on
Dec. 2,
join
santo
as
W.
Co.,
engineer,
Preparatory
Net
"
9,128
$30,687
13,018
v
32,605
15.
$5,176
~
$10,672
31
announced
on
July
in
142,710
140,795-
$881,818
$490,999
$774,686
Fed.
&
taxes
of
net
sales
of
23,300
$802,408
$571,203
$135,773
yyyyl $1.33
$1.13
$0.27
cloth
shares
com.
: 137,510
$1.28
income
per
conversion
'
<
Consolidated
-of
Canada
on
from
1941
1940
doubtful
9,336
;
;
1,485
1,892
3,276
-
-
-
^
!
-
debits
5,432
! 103
on
the
-' 293
15,852
$2,538,090
$1,000,000
$1,000,000
362,950
368.050
Liabilities—
reserve
accruals,
$152,753;
profits
taxes,
for
reserve
convertible
preferred
par), $1,793,700;
p.
Current
(common).
debt
liabilities
15,876
6,886
222,947
220,012
939,932
943,143
$2,541,704
$2,538,090
_______
—V.
155,
p.
15
by
the
Mon¬
Rubber
to
for
the
are
stock
be
Black-stone
Edison Co.WV.
issue
an
at $100
issued to
Vallev
a
of
42,750
share.
Of
the Brockton
Gas
150, p. 3054.
.
&
shares of additional
the
additional
Edison
Electric
Co.
Co.
and
(See
;
stock.
($100
12,750
shares
Brockton
30,000
also
'ui
hand,
on
cost, $40,101;
$704,358;
Dominion
accounts receivable
(less
total, $8,523,467.
!
! :
•
to bank, $500,000; accounts payable, $546,for
reserve
$906,033;
fire
loss
U.
S.
and
dividend
Canadian
payable
replacement,
on
income
6%
and
stock.
common
$32,774;
cumulative
stock
($10 par), $2,000,000; common stock ($1
surplus, $2,514,334; - total, $8,523,467.—V; 155,
earned
assets
on
June 30,
1942, taking securi¬
their market value and after deducting a dividend of 15 cents
share payable July
15, amounted to $6,513,819, equivalent to
$18.09 per share on 360,000 shares of outstanding capital stock. This
compares with a
net asset value of $18.06 per share on March 31
at
and
with
$19.57
per
share at the end of last
year. - -
/
•
Income Account, Six Months Ended June 30
v ;
i
<
1
1942
Dividends
J
1941
1940
1933
$128,399
$147,498
$158,666
$147,884
8,359
i
;
3,624
612
7,204
bonds-
*
Other income
1,232
and
$151,122
$160,510
$156,760
14,008
12,690
12,948
13,018
7,510
11,278
12,157
11,085
$115,239
$127,153
$135,405
$132,657
;■
"
for
Prov.
1,672
$136,758
______________
Expenses
Federal, State
other
'•
taxes™__
!—
Net income
Dividends declared——
'i
-
' •'
^
108,000
108,000
108,000
108,000
$7,239
$19,153
$27,405
$24,657
$0.32
$0.35
$0.38
$0.36
—•___—!_
Surplus
Earns,
cap.
per
share__
Sheet, June
'i- j<
30
1942
1941
$6,417,680
$6,643,019
1,032,772
1,502,101
19,706
29,755
Assets—
Cash
owned,
„i__—_
at cost-
banks
in
Received
securities sold but
for
receivable
Dividends
Funiture
and
and
not delivered—
interest
79,688
accrued
1
I
————.—$7,470,159
$8,254,564
$54,000
$54,000
fixtures——!—
Total
.!
Liabilities—
for
payable July 15———~
but not received
securities purchased
for
taxes—,
♦Capital stock
petitioned the Massachusetts Department of Public
approval of
to
->
per
Reserve
Montaup Electric Co.—To Issue Stock—
common
-
National Bond & Share Corp.—Semi-Annual Report—
Paid
shares
1
,
1941-
of
Corporation reports that net
ties
Dividends
158.
cents
which he
,
81,
2282.
Securities
stock
Long-term
A similar
15
at
Balance
Capital
1940,
7,154
..
14,460
-
~
Total
department.
[Includes
$ Includes excess proiits
Sheet,-Dec.
deposit and
bonds,
accounts
$90,480; intangible assets, $36,594;
13,282
2,369
receivable—;
repairs.
$17,446), $1,108,045; t inventories, at
or market, $3,142,814; other assets,
$125,766; fixed assets
for deprec. of $1,127,449), $3,275,309; deferred
charges,
lower of cost
Total
$2,372,042
$2,375,409
66,382
66,399
68,303 *
56,324
agents
and
Balance
demand
loan
War
for
reserve
Interest on
$2,541,704
-
maintenance
$538,641 in 1941 and $182,414 in
Assets—Cash
-
due
and
:
"
miscel¬
and
$174,031
Can.
_______
$11,063
-
and -car -service,^-;
balance
par)
becoming-active
,
*
'
Sheet, Dec.
investments
Utilities
the Rubber Reserve Co.,
to
64,620
41,750
Total
share
per
;153,616
v!::••,
$3,952
road, equipment
physical property
-Unadjusted
1940.—V. 155, p. 1602.
was
20,867
8,164
J
Unadjusted credits
Corporate surplus
Co.—Resignation—
Livingston".to
consulting
Chemical
!■;.:; 12,342
in
The company has
Chemical
$692
$21,933
6,568
.
declared
$299,868
for
Net
14,772
•
$7,841
V
Cash
Traffic
6,451,935
compared with
of John
;
i;v Assets—•:-)/'!:.Vr
182,076
$33,940,906 $33,253,196
-
$851,423
244,746
183,189
••
125,837
$1,358,027
$15,464
i
15,789
3,601
;
,
assets
246.
Mansanto
8,527
Balance
Deferred
July 3, 1941, and
Release
♦$2,021
$8,390 "'*•■
deficit—A
corp.
♦Deficit.
47,568
stock, payable.July 25 to holders of record
July
distribution was made on April 25, last, which
will
♦$2,328
~
accounts
directors have
on
16,153
supplies
common
paid
$14,132
15,331
3,640
amortlz—
and
Mission Dry Corp.—20-Cent Dividend—
The
and
Material
__________
p.
$13,003
'"
Miscellaneous
aid of
j-.
$12,220
•
(Cr)
471,718
1,138,382
■
89,404
!"V
income__
corp.
39,696
6,888,169
153,
equipment
Gross
433,641
Reserves
Total
$104,868
94,258
__
______
Surplus
—V-.
1
42,816
____________
liabilities
Contribution
State
$108,390
97,802
3,847,699
$1,810,119
$76,931;
.
$110,805
♦$3,778
revenue_i.
______________
companies
______
9,000,000
13,334,000
■
_
affiliaied
Miscellaneous
$2,000,000
9,000,000
13,334,000
debt.
1938
105,444
952,776
$2,000,000
__________________
Accounts payable
Consumers'
of
laneous
stock
1939
-
Income
<excess
-Earnings-
' 1940
$117,665
Operating income
Liabilities—
Long-term
$3,189,692
1938
$4,021,730
183,593
Earns,
2,161
.
'
$6,216,030
$667,829
taxes of
20,286
3,201
15,998
,' 468,034
_____$33,940,906 $33,253,196
Common
operat.
^
818,505
Total
1939
'
5,548,201
31,899
;
756,263
Southern RR.
'1941
'
Taxes'
9,789
1,461,496
Deferred charges and prepaid accounts
Preferred
Years—
expenses
r
receivable_____—_______
1940
$8,986,531
247,591
♦Exclusive
'
■■.'
\
7>
*
*
:y-y, :y:y:y'yy'
;•.!. LiabiUties—Note payable
revenue™.
Hire
9,789
•
7,876,094
depreciation
2096
p.
oper.
$30,432,158 $29,872,125
"■";•
■r'
155,
oper;
•
1941 '
subsidiary)
r
~
<
11,545,811
exps._
!
49,301
21,592
2,114
"-
Total
■■;,'
'
:
1941
$1,511,419
38,774
$3,251,178
Calendar
/
31
Inc.—Earnings—
owned
$1,110,437
income
$873,042
58,058
.
'
*■'
Miscellaneous income
Sheet,
149,
deductions
Other
$7.00
i
i
cost
v
—
1,355,800
33,057
•
—
—
int., incl.
Total
140,000
required.
J...:
.
Utility plant
Other physical property, etc.
Materials
$613,383
investment' at
$33,909; accrued expenses and prepaid!
wholly
income
Total
i
43,674
Montana Wyoming &
f
11,606
$7.00
Balance
.Assets^—
—V.
34,393
•>':
■
140,000
share
!'■-
and
1,757
v"
34,393
._
dividends__-___i__!._^___:__,^:__
preferred
per
'No provision for
Notes
■'■•'v,
2,231
discount and
"
$21,854;
298,700
Profit
Other
$3,189,692
$873,042
Total
600,030
$615,419
stock
Earnings
•
debt
income
-
Feb. 28,
bank,
$13,057,230
administrative
4,003
4.129.
—1,333,670 '.
'Earned surplus
$1,261,168
600,030
income
Preferred
.
$1,266,590
_
(net)-
-
.
allowances
37.514
Contributions in aid of construction..——*
Dr70,816
debt!i!^_!_!;__!!i___j !>;!
long-term
on
;
17,878
;
redeemable preference stock ($10 par);.
stock (78,710 shares of no par value), $480,205; oper¬
/[Cost of goods sold, sell.,.
handling, general and
883;
interest
in
payable,
-sales, less returns--
and
121,267
:
shares)
par
debt
Reserves
$1,331,985
Drl6,146
$15,307
•
and
(And
-5,787
'■
"
>
Accrued taxes
1181,255
•
$1,282,736
.
Net earningsv
Interest
Oeneral
500,741
providing for depreciation)__ V
National Automotive Fibres,
(less
yi--
"
*
'
\
except depreciation)
cumulative
'
■
1
operations
(net)■"_-___—.
$9,495,328.
ating deficit, $110,566; capital deficit; $62,924; total, $396,177.—V.
p. 4181.
76,908
126,863
payable
Customers-
244,837
277,415
v
Net earnings from
total,
V/!'":''"
common
..♦Gross
6,035
assets...
a
stock
-Long-term
2,078,541
*'■'■'
649,508
■
taxes
hand
on
$47,970;
Vv11;.-2,403 ..-J'-*'!/-' 2,163
4,183
V 5.510
Common
$6,341,184
467,512
State,, local, etc.,: .taxes'__-!___!_____w!'___!!__
:
$1,953,800;
-
1,465
"Other ..income
-
liter;-=r>2,571
$7,583;
2,930,41.7
Prepayments
Liabilities-—
•
266,300
income
all oper. expenses
Years Ended Dec. 31—
/
$3,251,178
2,123,773
—
State income
50,620
;
/ v
1,491,642
$6,573,015
Maintenance
♦Federal
(inch
revenue,
56,608
Special deposit for payment of bond.lnterest—Accounts and notes receivable, net
and supplies.,,-,..
71,688,075
T"
coj!>; 1,447,881
Other
Operation
mort¬
$516,043
sales
*♦ Liabilities—Accounts
I t $83,990
;
1941
303,634
Milwaukee Gas Light .Co.—Annual Report—
affiliated
(before depreciation),
Earnings, Year Ended Feb. 28, 1912
of
Prov.
Gas operating revenues
Gas purchased for- resale—From
$155
trust
provements,
restaurant plant'and' equipment,-netcr f less reserve for *
depreciation of $188,790), $182,132;!leases, trade name; goodwill;* etc.,
total, $396,17T.
$140,599
-
54,238
164.
-
collateral
assigned
p.'I04rvv:!/,'!v;!!-■;
$150,000;
%• .15,384
$2,990,515
Property not used or useful
469,644,714 451,386,158
Year End. Dec. 31—
for
cash
(less
assets
mortgage bonds, $343,565; collateral trust mortgage
fixed interest and 2Va% income interest, $6,246,645;
1935
Assets—Cash
31:
I!!:!'■
—U—
509,454
1,587,152
Total
$78,325
'
Materials
:
collateral
as
receivable
$1,000;
"
2,408,162
78,185,464
156, p.
notes
bond,
■
in
•
i!
456.089
Contributions
-V.
trustee
'! '•
receivable
Tmarket value $15,430); $16,451;, inventory, merchandise'and supplies, s
$17,720; prepaid expenses and accrued revenue, $8,020; building im-^
4940
55,164
57,851
,
stock
common
on
Utility plant
!_r
•
.
$136,177
v
deductions-.!—-—
5.484,182
;
current' liabilities
i;: .!
-24;381
.
income\!^!!-!!-i!-!!i-!!-_!!!i!-!L!!!^:' U:
Dividends
2,865,209
"
8,033,084
:: '!•
•
—_j;__
2,707,943
interest'
Miscellaneous
and
2%
Balance Sheet,
.
24,323
2,984,842
taxes '■
Dividends. payable '
accounts
1943
$680,294;
Muirheads Cafeterias, Ltd.—^Annual Report—^
Loss
^
$654,699
$653,190
429' '':";.;'.353,761:
29,569' ■"
25,767
_•—63,572
"r 62,515
—;
interest
Net'
182,609
4,093,240
'
236,418
pay able-
•Accrued
!t
••■
Net operating income
'
payable■"—
Accrued
May 31,
hand,
■
-
-V'
,55,572
Total
liabilities
"Customers'
v;.!;!
"Inoome taxes
deficits of
•Accounts
Comparative Income 'Account
:
revenues
.Depreciation
subsidiary companies.—
1,894,640
2,216,614
Long-term debt of subsidiary companies—-—;! 200,137,790 197,436,359
or
$6,234,513
'
^
companies held
public
Minority interest in
r-
,
Maintenance-
42,132,254
12,425,481
surplus
of.
on
consolidated
Net profit for year (before
Provision- for depreciation -■
245,335 -:
$6,385,244
~
Year Ended Dec. 31—
Operating
-Operation-;
16,536,513
42,132,254
!!!:—L
earned
247.
p.
■{ -.'V/.'-.,
2,936,526
-
,
Paid-in
below, credited
f Acquired
upon
reorganization,
liabilities, at June 1, 1935."
1935."
over
par), $191,240; excess of assets over liabilities and
book amounts, as at June. 1, 1935, $488,751; surplus
at
1,
—
Missouri Gas & Electric Service Co.—Annual Report—
!
469,644,714 451,386,158
stock
Consolidated
$431,274
31,160
270,636
—.
Total'
■
7,188,791
4,372,975
__——___
V™"--
Capital
Cost
31,690
^
surplus
—V. 153,
2,749,000
Liabilities-
,
aid of construction
545,545
~
$319,676
shown
Sales
.
824,080
2,382,600
warrants
;•»
S;
loss
"
1
1,700,932
—
and
accounts
Contributions in
Earned
'
Notes,
949,786-
trust
.
,.9,999
before
$8,755,479;
interest
accrued
on
mortgages
receivable,
for taxes, etc., re mortgages and sales contracts
stock,
153,
868,808
•
$114,270
526,811
~
payable
June
—v.
3,273
151,320
16,595
10,648
;
.;
14,846
■
Reserves
1,098,543
charges
securities
■
Dr22,555
$207,135
taxes,
capital
from
13,978
226,297
'
Zb'22,763
assets
$4,321;
collateral
15,010
3,273
___!
and
and
$4,792;
with
bonds, 5%, 2lk%
capital stock ($1
15,589,517
14,762,388
■
!!!
taxes
Other current liabilities
in process of amor-
'Special' deposits' .__■—_1:
Marketable
12,182
cumulative pfd, stock
Accrued
on
v.28,587. ■■'
/
15,010
cumulative pfd. stock
1,271,606
deferred
22,72.4 '•
:
—
6%
11,550,862
Debt discount and expenses
—
on
Accrued- interest',.
22,263,399
1,037,935
i.--,-',
deposits
Dividends payable
-■'"•,/
com-•
2,037,000
1,
banks
U.
of
payable
and
sundry- accruals, $18,956;
real
$42,169; Federal and State corporate taxes, $5,650; fixed
on collateral trust mortgage bonds, 1xk"h
per annum
from Dec. 1, 1941, $78,010; income interest
payable on collateral trust
mortgage bonds 2%, $124,816; fixed and income interest payable from
June 1,
1935, on $5,850 bonds issuable to predecessor's bondholders,
$1,726; income interest accrued at 2lh"/o per annum from June 1, 1935,
1,230,000
2,058,000
_
S':f
401,637,967 379,658,787
—
advances
!—
;
34,029
122,587
Liabilities-—Accounts
1.000,700
1,230,000
'"'v".S
y*:$
Property,
debt
100,239
advances
interest
$561,100
1.000,700
series
(par value $100)
'$19,790
retired
before depreciation
Balance Sheet,
in
deposited
bonds,
estate
45,317
$6,234,513
$6,385,246
Accounts .payable
1941
1
stock
,
275,105
-
45,317
'
cumulative preferred stock,
411,760
$2,625 collateral trust mortgage bonds purchased,
received in June,
1942, at cost, $2,531; prepaid taxes, $9,575; unex¬
pired insurance premiums, $12,903; total, $9,495,328.
134,695
2,461
'
and
receivable,
70,849
•,
,
263,268
preferred stock—
on
——_
Common
: y-y
Consolidated Balance Sheet, Dec. .31
disposition
June
fund,
$3,934;
$20,500;
.70,265
expenses
trust
gage
*80,132
147,192
Liabilities—
[Exclusive of Central Illinois Public Service Co.]
,
from
•■
1,000
;
17,434
20,182
'
$61,664
67,995
year____'_j___—___„—i.
other
or
tBefore
/"surplus
to
$5,762,099
(net)
per an'um
bonds
mtge,
depreciation
from
1940
charges :_l—
Total
309,360
$78,299,496 $78,823,386
reacquired
the
for
sale
upon
reserve),
7^ cumulative preferred stock, series A__—$561,100
♦Includes
trust
charged to "excess of assets
:
1941
14,441,193
431,732
31
supplies
Commissions and
25*313
14,178,671
Sheet, Dec.
investment
Materials
59,337
liabilities——
^
,
135,968
.
19,104
325,108
prior years' mtge. interest receiv¬
not realized upon disposition of certain
8,018
—_—__!
Accounts receivable
325,580
-
reserves
at 5%
year,
to
3,002
19,429
$194,241
plant
against valuation of assets acquired in
Miscellaneous
mtge/ bonds
♦Loss,
83,020
1,088
19,522
:
121,194
,
of
tNet income
JLoss
158
$307,711
93,641
4,993,838
282,737
current
■
3,877
Miscellaneous
Utility
42,132,254
42,132,254
reorganization
••
80,054
expense-
-V
Assets—,//'
661,462
assets'.
_____________________$181,195
Balance
$16,536,513 $16,536,513
payable
Miscellaneous
and
————————————————
income
1941
$1,227,016
482,330
,
of trustees
collateral
on
able,
$307,553
$285,736
—
discount
—_—-■
27,524
Reserves
crued
40.200
(net)___^-_______i__-i.i--_^-^
debt
1942
$1,022,600
.
etc,
collateral trust mtge. bonds retired
of prior years' income interest ac¬
Assets—Cash
Net
.-
taxes
Accrued
85,200
$285,588
long-term debt
of
'
...
income,
13,199
trust
on
Reversal
365,439
7,500
surplus.
Accounts
9,317
.
119,553
___—$78,299,496 $78,823,386
; Total
.'... Liabilities—
coll.
on
Cancellation
128,368
113,050
—
_——■-—-———
interest
Amortization
10,400
■Capital stock ($5 par)
Paid-in surplus"
rental
taxes
and. expenses
Discount
116,800
'..,148
on
.—i
—
.
taxes
Fees
54,684
v
128,424
income
income
Gross
4,2.77
cha rges
.; ♦Deferred
Corporate
Int.
117,350
income
Interest
:
.
410,972
59,061
profits taxes—.——______
General
Prepayments
'
.
mtges.,
on
$1,103,576
407,048
income
earned
estate operating expenses—
Administrative and general expenses.
'1940
$1,150,720
taxes
State
4,436,201
?
.
"
'
,
1941
______—____——
$74,005,638
——,—'—*!«!■
receivable
interest
31—
etc.,
operating
Other
60,000
receivables
Miscellaneous
■
—
local,
$75,029,999
—.
_.
securities, at cost
S. Treasury
/
_______——
3,067,767
securities and advances
Investments,
Interest
Net loss for the
1941
II.
Mortbon Corp. of New York—EarningsYear End. May 31—
of
31
Dec.
(Company Only)
Balance Sheet
;
board
the
Real
"
Depreciation
State,
$1,769,328
$1,585,250
•
of
——————
Net
Net
member
Maintenance
$2,130,869
267,041
26,720
67,781
317,903
administrative expenses———
other than income and excess profits.—.
and
taxes
and
Operating- revenues v*!-!
$1,780,795
389,308
.-—
$1,978,182
Income
dealing with the provision
Mr. Livingston submitted
agency
General Manager of Its organic chemicals
as
'
156, p. 164,
Year Ended pec.
Monday, July 20, 1942
rubber production,
Vice-President
a
Missisisppi Valley Public Service Co.—Annual Report
10,111
$1,588,874
Taxes
as
703,534
13,648
division—V.
$1,027,554
601,272
.
notes
General
is the Federal
synthetic
directors of Monsanto and
.
Other,income
for
resignation
•'
—;—
——
which
Co.,
facilities
of
1940
his
—
bonds
Interest
^'
_
,
—
dividends
Common
Only
'
.* 1941
Company
-
subsidiary companies consolidated—
Income of
.
of
Account
Income
-
Reserve
Capital
surplus
~31~500
——_—__
4,500,000
4,500,000
5,025,291
5,025,291
!
Dr—_!■———_
770,232
783,561
2,905,849
2,139,789
$7,470,159
$8,254,564
Surplus income
P. & L. on securities sold, etc.,
Total
16,000
———————
—
___—
10,485
——.—
—————,
♦Represented by 360?000, no
-
par shares.-
.
155,
p.
1602.
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
" Number' 4091
156
V National Bearing Metals Corp.—Annual Report—
Income
*
Account, Years Ended
•••:,'
"
Net
'
■
.
of
Cost
sold
goods
:
1940
999;note
$12,575,158 " $7,702,532 '
10,487,288
6,564,023
647,186
516,697
-
of
,
z
:
Ice,
Gross
profit from operations-.
Income
Federal income
Excess
$621,811
$1,440,683
—
net—_z_____z___z„zl.—z___Z_z.
charges,
taxes _z_z___z__zz_-:.--z_-z__;.'1
327,118
142,600
income
taxes____——r-^_———-(i
15,249
transferred
income
Earnings
per
earned
acct.
surp.
$443,572
$610,265
share——
common
Note—Depreciation and
in
to
$3.31
$1.91
$131,883
$126,017
—V.
for
reserve
doubtful
for
deferred
trustee
$13,192;
loans,
and
Investments
reserves
and
and
ac¬
sidiary
inventory
receivables,
prepaid
of
funded
stock
debt,
($5
$1,321,300;
for
surplus,
contingencies,
total,
Sheet, Dec. 31
Assets—
Sale
$253,301
$545,075
1,164
receivable
Notes
National
1940
1941
——4——-y—U—w—
Cash
brother,
in
Eau
interest
Claire,
Phillips,
Jay
in
this
these
Wis.,
to L.
Minneapolis,
E.
has
Phillips,
been
receivable,^ net-v-^.—1,456,234
2,079
Working funds in hands of salesmen——i—— V '.
2,571 v
775,391,
213
\
2,819
Associated Press dispatches.
; L.
E.
Phillips was elected
President
Inventories
1,229,938
reorganized board
which
Loans
to
employees—
z__
Real estate
'
—
-zzz---^
—i
mortgage
1,567,821
<_■'
notes
(est; realizable value)---—u——
Goodwill,, trade processes, etc
6,556
1,457,755
—
Unexpired
the
The
r;
27,854
,
Accounts,
'.V7 v.' v.v, >
V
in metal invent.
(19,490 no par shares)___z_-:__-
stock
Capital.surplus
Earned
z---'-;—Z.-—
.
'
.'
'
;. '•
the
week
ended
electric
kwh.,
July
10,- New
output
of
1.27% rbelow
or
week
a
year
England
10,647,837
increase
of
7,980,000
production
&
Net
Associa¬
of
decrease
a
10,784,557
kwh.
for
For
the
month
Association
1,148,518.
of
crease
ended
June
the
30
electric output
reports
2,143,571
kwh.,
of
4.67%
or
New
England
Gas
kwh.
&
This
the
TotalX-z—AX'I-__X--_z:zX-"-~--__--z_
$7,559,166
'
for the
$6,160,509
corresponding month
Gas
for
reserve
1940.—V.
155,
depreciation, $1,924,231 in
401.
p.
;
;
/
,
,
in.
1941 and $1,820,940
,
of
;
z
;
.
y
23,434,000
month
a
of
National Broadcasting Co.—New Vice-President—
L.- Menser,
Clarance
national
Vice-President in charge of programs.—V.
has
manager,
program
-XX
155, p. 2369.
1
r
\
Comparative Income Account for Calendar Years
v'; :;vv;--y;
■■
Operating
National
•
offering
Fuel
Federal
Other
Add'l
.
taxes
_z—z
■
Cash
9,092,790
A
$94,671
$102,397
$93,012
$74,987
13,875
11,152
taxes
-Gross
income
29,067
17,410
12,816
$50,040
$87,201
$61,726
$51,263
69,695
49,142
35,061
126
______
112,024
for
bonds——
:
2,137
1
.
------
%
.
$159,034
1,373
t
$110,995
1,373
1,438
•
.
1,305
1,397
1,623
2,189
2,871
40,789
37,920
35,371
for
tax
1940._!
413
-----
—
______
..
$114,836
handZz----Zz-_---'_:.__z
on
value of
•
38,159
-
insurance.—^^^.i-.receivables^
5,096
726,200
'
:
30,161
- •
7,872
-23,172
•
18,495
•
15,421
.
$2,602,316
$2,529,542
$584,421
Liabilities—
$571,281
14,010
22,050
i .s
accounts
payable,
Dividends payable
$5,070,754
2,181,306
Interest
> 262,106
Certificates of investment fully paid
Convertible debentures, 6%, due 1951-:.
__
debentures
on
33,178
•
9,940
and fixtures, depreciated value__^.^^_v
charges
•
-1,489,013
765,555
at matur.)
■
Total
1941
$229,591
1,495,091
estate
Deferred
'
life
accounts
$46,778
•
$253,915
'
__z-
—
:
$69,447
,
2,074,379
Z_
$86,325
33,452
$5,038,079
—
mortgage
on
17,217
receivable, contra (to be offset
Funiture
2,725
Interest'
CT 2 43
Cr31,089
26,945
,
1940J
and
inc.
Notes and
.
301
17,987
common.....
surr.
Real
$5,068,029
3,603
—
the
paid in cash:
Fed.
Notes
-1,176,697'
$5,034,476
—
of
(& Subs.)—Earnings—
1941
.$162,064
2,361,397.
net
1 Va %
to
1939
Other notes and
.
2,754,352
income,
amount
by Jot,
redemption
a
152,193
•Notes receivable
.
operating revenues—z■—z-_z——-
Net
would
of
that
provide
in part,
or
payment
$227,180
Cash in banks and
<
2,869,612
Other
time
issued
were
whole,
a
.
z"*.
•
2,698,759
reserve
as
upon
t'^.^-CdnaoHdated Balance Sheet, June 30
[>/■;;->>
1942
•
the
under
'
appropriations——
—
retirement
they
either
Power,
$125,842
9,848,941
'
—
maturing
'
1,773,002
z—z_„
—
and
bearing
1940
years 1939 and
y
'
■
debt.
Co.,
series
163,199
preferred, $0.80
Preferred, 7%__
.
•
funded
American
$256,211
Total
.
Class
";..y'y y;v.yrv;r.';
1941
' y 1940
Z- $22,224,791 $20,453,266
.
share with a special commission of 360. This
offering approved under the rules
adopted by the Board of Governors of the Exchange on
May .6, 1942;4-V. 154, p. 180.
•
a
the first special
was
taxes
Property
change by Ingalls & Snyder of 25,000 common shares (no
par) at $9
;
•
revenues
Operating expenses
Gas
Co.—Special Offering—A special
made July 13 on the New York Curb Ex¬
was
'v ;'
y
entire
one
189,175
.Prior
New Orleans Public Service Inc.—Annual Report—
•
,
y.t
elected
been
its
are
$291,572
deprec.
Assets—
•
com¬
202,762
for inc.
1939
ago.—V. 156, p. 165.
year
>
Light &
$297,433
reported as 405,268,000 cubic .feet, an increase
feet, or 6.14%
above production of 381,834,000
cubic
securities
American
North
1942
output in June is
cubic feet in the corresponding
.
ago.
the
oper.__
from
Dividends
above production of 45,865,515 kwh.
a year
stock;
___
expenses.
'
v'After
by
annually,
Adj."of pr. year's taxes
in¬
an
5Va%
present
income -z_
years
Electric
is
at
&
ineome____
Adjust,:
•?
....
48,009,086
Light
Surplus balance Jan. 1_
the'
reported at 85,257,000 cubic feet, f
or
10.33%
above production of
feet,
held
debentures
of
deductions-.—-1..-
: Net
of.
"
.
of
North
constitutes
are
be redeemed
income—
Est. prov,
;
is
which
rate
of
which
inc.
Other
•
.
Electric
This
'
ago.
cubic
Gas
kwh.
preferred
of
■;
154,
•
•
.
'
: ...-.
material.—V.
war
•'
-
June Output Ahead of a Year Ago—
252,680
.
;
the
77,277,000 cubic feet in the corresponding week a year ago.
"
'In 1941, July 4 was included in the previous week's'
figures."*""'• *
100,000
257,178,
1,395,934
z__,—----- —
surplus
;
,.3,075,000.
1,194,900
1,194,900
'
•
^ Gas output for the July 10 week is
y.
an
248,717
100,000
preferred..($100 par.)—3,068,500.
cumulative
y
shares
outstanding by North American Light is"
on
July 1, 1956,
provision under which
may
election
Operating
Operating
annual
next
dissolution
transferred to
these
6 Mos. Ended June 30—
of
the
until
serve
cumulative
North American Finance Corp.
to
•,
meeting
a
.
corresponding
•
% $140,694
;
to
is engaged in production of
•:
reports
136,720
-X
following
Vy;
;
12,478
are
conditions
contract
the
his
and
according
Upon
$5,623,500
All
coupon
debentures
premium
Clair,
r,
.
'
.
y
For
tion
^-z :
,
trade
193,243
___z_.—;i__zZ__Zzc.——849,411
payable,
Reserve for market fluctuations
Common
-•
$500,000
is
Eau
announced
:. ;;
...
the
principal amount,—V. 155, p. 2460.
of
group
New England Gas & Electric Association—Output—
.
37,760
y
directors
company now
153.
,,
local
a
at
normal
$25,000;
$3,811,274.
5%
Co.,
of
,
wholly-owned sub¬
subsidiary holding company of North
together with 12,478 preferred stock
a
Co.;
$9,4000,000,
parent.
Other
1
to. bank_z_J_;^zZz__z~~-----zz
payable
Accrued? accounts
7%
The
p.
—^.1——$7,559,166 '$6,160,509
.
Liabilities—
i
Notes
deposits,
and
taxes, etp. —r.—__-___zZ___z—_____
prepaid
Total
premiums
insurance-
meeting,
60,848
2,344,4756,956
1,457,755
55,455
.
'"Land, buildings and equipments—z-L—J—2,426,695
Other property
of
by
is
debentures
interest
Control—
company
Co.
Power
Of
Power
shares,of
Co.,
Power
certificates.
arrears
&
'
a
Co.
immediate
the
Pressure Cooker Co.—New
12,478
Power
&
The total issue of debentures
.
controlling
stockholders
960
Accounts
of
Light
all these assets would be
pany,
at
Balance
and
Iowa
Power
$566,520;
things, directed liquidation; and dissolution
American
Light
dividend
sinking
-
payable, trade, $24,817;
$251,067; account payable to
reserve
$591,895;
par),
155, p. 1841.
stock
Illinois
accounts'
liabilities,
North
American-
expenses,
trust
of
common
$2,027;
amortization
for collateral
$3,811,274.
$24,000;
accrued
charges
security
as
total,
and
depreciation
among, other
latter company.
v
,'•":?
The only assets of Power & Light Securities
Co.,
$210,-
company,
$258,720;
capital
—
(less
at cost,
credit,
come,
amortization (deducted
arriving at above net income)—
trade
securities,
$38,487; funded debt, past due, $583,400; deferred
$73,100; reserve for handling charges and deferred in¬
$52,968;
accrued
interest
on
cumulative
income
debentures,
rental
Net
(less
by
bonds,
payables
Government
receivable,
$3,043,231;
assets held
affiliated
S.
non-current
"Liabilities—Bank
other
19,786
.
$1,000;
6»/2%
U.
$226,891; accounts receivable, other, $599;
equipment
$2,010,999),
fund
profits taxes,—384,896
State
and
$75,020;
20,391 ;
98,619
,
accounts
est.,
plant
of
and
$238,315;
of $5,750),
counts
which,
Consolidated Balance Sheet, March 31, 1942
y
Assets—Cash,
1941
j?ales
Selling, shipping and general expenses
•
31
Dec.
257
771
________
947
""
Other interest and deductions
'
National Power & Light Co.—Earnings—
':
Period End, May 3W.
.1942—3 Mos.—1941
charged to
Operating
IZz ' 10,269,372
—J—— * 3,731,696
X----*---'- '
taxes
Prop, retire,
reserve
$80,914,434,
$88,202,949
income
9,855,936
43,089,938
38,528,220
1,750,104
11,789,986
5,236,444
1,420,160
1,439,601
5,467,333
6,163,004
Plant,
Investment
Cash
r
Net
operat, revenuesfrom
•
lease
:
1,625,291
-
1,386,168
$4,784,077
6,661,847
6,432,414
to
$4,787,784
8,686
$4,797,844
•
———
Accounts
-—1
$5,778,741
to
public—
5,623,206
z~-z—-ziXz: •'«
Balance'
.
$1,061,667
$2,016,217
of ' Co.
71,348
*
5,623,206
Matured
$6,241,277 $10,268,491
24
169,124
#
Other
$990,319 :'$2,016,193
$6,072,153
equity
Other
above)—
(as
income
$2,016,193
.
8,386
33,712
Earned
121,798
Total—-ja.Zz Z—z' *
$998,705
_
$2,049,905
accrued
—
assets———
————
.
—
2,623
2,094
.
1,415,289
..
stock^.^_—
Federal
Other
Int.
w*
Z.i
t— mt
«*'*•«
Zf.
«*/*»'
72,931
'(f
taxes
50,553
taxes >'_Z-,zzZZZzZ'
&
other
104,271 ;•
y
7,614
7,393
••
;
29,503
deducts.—
11,056
240,593
154,076
$856,551
$1,658,750
$5,377,456
——*—:-z~
$0.08
$0.22
$0.68
$1.29
»
*Full
dividend
earned
,t
>"
from
Other
.
'
Statement
Period End; May 31—
Inc.
$1,626,664
33,712
Maintenance'
Provision .for
Rental
'72,931
Eedefal .taxes
631,191
324,488
62,416
.
*
v
May
,.373449-
1.7,614 .:,U\"V7,393$494,343. ,$1,509,814
opqi'at. .income—^
;:*;r
from, income.-—
1,238,080
817,646
115,191
'.
.11,056.;
240,593
Earns.' per,
—V.
$483,287.. $1,269,221
140,108
126,447
6,573,846
5,115,393
Income
$0.02
sharez
com.
..
147,569
Federal
—
inc..
4942
>
v'1
$0.11
$0.64
1,
dividend
a
■'
"
"
1940
1218
;
'",$156,337"
10,376
7
1
*
of
50
cents
and
$2
of
each
Nov.
1,
share
per
on
E,
Simmons,
-debentures-ZZ—
Interest
(
$87,177
r
1,769
8,913
85,066
86,914
6,406
Prov.r
on -6'!*
for
"
585
-84,673
•
e'^^ 'conv.y
"
•
■
■
1,105
1,495
1,495
&
The
(36,960
•
36,480
-
■
'y 36,120
t
.
36,120
deprec.; and
amortization
Prov. for Fed.
151,593
151,196
-
:
150,955
inc. taxes
115,603
300
Prov, for. conting.—^
,
Net
income
cOther
coupohs
trust
—
than
and
6 '/a '/<>
on
■25,000
$69,386
,
funded
premium;
gold bonds.
the
on
per
on
debt.
$Loss.
$$85,336
.
tOn
retirement
C
of
April
first
1,
$$119,367
1933,
mortgage
$$168,275
maturities
and
720,745
177,458
175,589
762,776
717,981
$3,012,797
income-—
$2,794,380
193,103
L
income
«■ Includes
2,520
$3,205,900
$2,796,900
1,058,624
___„_zl_________'_Z'
941,887
__z__—______
excess
profits taxes__;
61,372,590
'
of
provision
$400,000
for
probable
$1,130,069
Increases
legislation, and provision in lieu of
;
724,944
$774,686
,'v\
in
excess
Federal
profits
■,.
.
155,
p.
by
a
Northern Pacific
;
Ry. — Equipment Trusts Offered—
Bear, Stearns & Co. on July 16 offered $2,500,000 2% equipment trust
certificates, series
B at prices to yield from 0.85% to 2.50%
according to
maturity.
:
share
1%%
common
followed
was
1941.—V.
"also
was
Kingston
and
July 14.
on
Shields
the
on
stock
on
and
collateral
& Co.
Certificates
year-end
1603.
;
President
Port
RR.:'Co.,
*
.
.
of
the
Jervis,
of
Board, died
•;■."•-■• ' y v.-"
following
subsidiaries:*
Monticello
&
Summit- '
Bridge Corp.—Redemption— ;
Trust
corporation's first
the
bonds
above
due
Aug. ;l,
Aug.
1,
Co.
1947,
has
been
which
appointed
mortgage
have
been
of 99.074 for;2'/8S.^-V.
The
ended
31,900,000
o.i%.—v.
«
paying '
fund 6V2% '
sinking
for
of
North
sidiary
10
•
'
:."y.v:,
American
the
Co.,
>••
plan of company, a sub¬
dissolution
and
liquidation of
& Light Securities Co., and also the company's plan with re¬
spect to the liquidation and payment at principal and accrued interest
of the, $3,376,500 of. publicly-held debentures of the
company.
In approving
"-Net
Net
'
compared
4
May'31--1,
order
in
an
to
amended
form
which notice is to
of
American
sary
rev.-
■
"7,191
expenses—_
2,296,840
c£■
_
.1942—5 Mos;—1941
,
$3,219,020 $16,193,562 $15,408,986
7,960
47,332
39,658
2,178,801
11,204,185
10,373,086
560,781-
income--;.
oper.
501,203
2,528,119
2,418,731
$531,056
tain
.
taxes accrued
$2,413,926
$2,577,511
retroactive items.
during
-
-
524,349
for
1942
-
are
459,308
at rates
Principally
2,498,917
now
in
2,174,428
effect.
Figures
applicable cer-'
increased Federal tax accruals en-»
to spread over the months
adjusted
countered
$506,460
—"
income
1941
mission
as
wir.fr
increase
an
which
to
war.
'
was
approval
soon
1942—Month—1941
$3,371,272
revenues
""Federal
for
Proposed Merger—
accrue
manner
The
l#
;
Bell
North
^
.
Period Ended
the latter plan the'Commission imposed two conditions.
that interest on the publicly-held debentures "shall not
as of July
1, 1942, but shall cease to accrue thereon
not
less
than
30
days following initial publication, of appropriate
notice designating the date on which interest shall cease to accrue."
The other condition obligates the company to submit for the Commis¬
to
cease
z
165.-
"•Operating taxes—!.—
proposed
lor
165.
p.
July 11, 1942, totaled 31,932,000 kwh., as
kwh. for the corresponding week last year,
Operating
Light & Power Co.—SEC Approves
approved
156,
156, p.
Operating
'-
July
15 and will mature $250,000 annu¬
Issued under
Co.
Northwestern Bell Telephone Co.—Earnings—
redemption
The company has made provision for the prepay¬
these bonds: prior to..the redemption date.
See V. 156, p. 83.
SEC
Aug.
l Electric
Uncollectible oper.
'■
dated
rrNorthern States Power Co. (Del.)—-Weekly Output-^ f
output "of'the Northern States Pow-er Co. system for *r<e'
►
1942.
;. North American
Plan—
y
be
J. P. Morgan &
York
New
called
to
are
the
practicable"
comply
Commission
Light
&
for
with
Power
of
such
also
Dec,
and
a
statement
of
30,
North
submit
1941,
Authority to acquire and operate all Wisconsin and Minnesota inter¬
toll lines of the Tri-State Telephone Co. by the Northwestern
state
Telephone
to
American
the
Co.
and
by
elimination
"as
as
separate
order
of
the
neces¬
Commission,
the
of
Service
of
incidental to operation of
expenses
corporate
Governor
Public
granted by a Federal Communications Com¬
public convenience and necessity.
Tri-State ls:
was
of
of Northwestern," which stated that economy
Commission
further plans deemed
Co.
certificate
a" subsidiary
directed
Co. to
its approval any
the
notice,
be given.
,
the Philadelphia plan. '
Incorporated, trustee.
The certifi¬
cates were awarded at competitive bidding on July
15, the winning bid
being 99.1399, a net interest cost of 2.12%.
Halsey, Stuart & Co.,
Inc;i and associates submitted the second highest bid of 99.077 for 2s.?
Other competitors were Harris, Hall & Co., Inc., with a bid of 99.389
for 2Vas, and Salomon Brothers & Hutzler and associates with an offer
the
.;
-
and
ally Aug. 15, 1943-1952, inclusive.
RR—Obituary—
Chairman
v.
for
agent
the
.
which
29,
Manufacturers
The first
i
<
plants
income
sion's
oum. in- •
debentures ivzz_»
come
cents
Power
83,180
.
gold debentures- -4—•.
Interest
;
.on
50
made
were
1941,
Dec.
President
Vernon, N. Y.,
NorfolkrPortsmouth
:
*
'
than
generating
(net)_.____z
taxes under proposed
no
1939
■[Additional hiterrest—zzr\
Interest on" bonds other
„
753,367
.
$367,526— $198,891
zz—z—
of
the
..
expense
380,703
841,586
tax of $141,331.—V. 155, p. 2460.
declared
and
1
Aug.
ment of
before deprec.;
"Interest
by
1,004,015.
$5,214,138.;
1941
-
[Represented
Co.; Ontario, Carbondale & Scranton Ry. Co., and the Pecks-port Connecting Ry., and Secretary of the New York, Susquehanna &
Western RR. Co.—V. 156, p. 83.
' y-y •
' :
gold
interestzz""
shares.
par
operating
income
Gross
week
154,076
..National Terminals Corp. ;(& Subs.)- -Earnings-
znnort. and
have
stock,
Ellenville
on
Net
4,325,404
304,367
1,076,570
construction.
of
aid
Utility
Other
Ville RR.
$6,218,153
156, p.'164. - '' z
:-'r Y,ears Ended March 3ir4
1941
$9,038,466
^__-L__Z__zz_;'Z-z---zZ-.Zi._i.
income and
in
Mr.-Simmons
•'/ '31,1811
$2,241,329
$045
.
1942
$10,280,602
5,105,282
deductions
185,727
2,106,141
z—.w—-z—
directors
at Mount
' .223,416
.
$2,395,405
;V
-Earnings—
124,578
New York Ontario & Western
•
_lr-,zl,._z.
Net,.-income,:
taxes)
Non-callable.j
interest,r. etc^, deuctiohs,
•
(including
796,764
liabilities-
accrued
$80,743,376 $79,363,956.
dividend
382,295-
—29,503
Co.
depreciation_z__
1,874,247
Distributions
Only]
191,506
Service
___________
hydro-electric
„———z__Z„_z—
and
regular quarterly dividend of
on
the
preferred stock, both payable Aug. 1 to holders of record July 20.. Like
amounts were paid on May
1, last.
$2,989,563 -$6,855,045
,
114,836
•
......
■
State, local, and miscellaneous Federal taxes,
yv:
New Process Co.—50-Cent Common Dividend—
v
$6,733,247
53,537 -Z
121,798
.104,271
.
.50,553 t/; .38,898
..
taxes.' —r—i
.
..
'?
___zJzzl_z-------
of
66,295
1,116,789
surplus
Charles
t-z-zs.*
"
5 Months Ended May 31—
$2,S36,026
$625,441. $1,660,376-
--^.zz-—•
Expenses
Net
V:V
2097.'
1,170,201
———_
credits
—
636.201
125,842
'
$2,602,316
$2,529,542
$118,726 in 1942 and $114,417 in
for doubtful loans of
p.
_7z-,,_l—,z
————
deposits
accrued
common
1942—12 Mos.—1941
$617,055
r
"
"
tCompany
8,386
.,.
zz-~—-
Total-Income
Other.-
Income
of
1942—3 Mos.—1941
-
subs, consol.-
income
1,004,015.
periods whether
requirements applicable to respective
unearned.
or
y'yt Comparative
—
155,
18,834,169
399,825
,—
,
The
share-
com.
reserve
41,964,940
654,061
declared
25,000
649,395
•'•'zZr_^^Z__-_zz-r__.1____^^_____--__-_
After
vy
18,834,169
"Represented by 77,798 no
par shares.—V. 156, p. 82.
$8,749,288
per
z-zz___—
l_-z_u'___*_______z»z_L-_^z__z-_
31,181
Balance, .surplus X--—
Earns,
25,000
■___
Total operating revenue
Operating expenses
$7,779,800
40,050,880
—z
v
382,295
223,416-
,
191,506 „y '
38,898
:
'Z
373,149
*
1941.—V.
"
.
Total
164,630
1,543,464 ;
$7,779,800
;;; Total
5,125,690 $10,390,195
-
■
15,453
Net
■
Expenses
surplus
41,200
167,260
________
.
388,677 ':
.
11,695
z-^z_zZzZZ-Z_
Contributions
$10,268,397
53,537
stock.
Earned surplus
38,381
39,900
common
1,724,319
631,489
———
"Stock——Z~ZZ——..zZzzz':zz
current
Reserves
National- Pow. & Lt. Co.-
Net
1,943,238
and
interest
Deferred
$6,072,153 $10,268,397
$990,319
___•
22,940
:__i
——;
.
accrued
Taxes
94
in
; income of subs._
31,383
20,341
payable
Interest
equity
30,826
83,649
38,381
stock—
Capital
566,059
..
stock.
Class B
590,421
,/
Long-term debt
Accounts
applic.
nority
Net
726.200
125,691
z
z_;
common
$80,743,376 $79,363,956
Customers'
to mi¬
interests—-
.756,555
:,z_*.z—z_;
zJ__,
Class A
3,129,669
•
*$7 cumulative preferred
Dividends
Portion
63,100
against
__z
_■
preferred stocksi
Preferred
68,199 •
3,919,949
-
Total
$15,891,697
1,405,802
51,400
(offset
contra
—
Northern Indiana Public
9,746,358
1,405,802
92,583
—
Liabilities—
9,412,461
$3,422,019 $11,864,483
w_zz*"' $2,467,469
divs.
accounts———
——^._Z—
debits
tCommon
Balance
•Pref.
Prior
intang.)_ $72,084,920 $71,871,698 :
___—:
current
Deferred
'» 78,068
$21,276,944 $25,638,055
2,330,375 :Z 2,356,722
invest.,
income
.
>
"
of
maturity)—.,J
„___Z;
Deferred
1940
1941
receivable
Prepayments
$21,205,904 $25,559,987
71,040
y.'
,
.
at
Reserves
Materials and supplies
5,635
and
deductions
other
12,059
$5,770,055
10,060
public
equipment; (incl.
fund
receivable
Other
_jtz
income
int.
1,054
(net)——
income
Gross
Net
$5,769,001 $21,193,845 $25,554,352
-
3,707
Operating income
and
Working funds
wz-,-
of
■■■', plants., <net)
Other
and
.
———-z_Z_v—U.-
-
Notes
Rent
" ;;
y
property
notes
$2,627,341
Balance Sheet, Dec. 31
y
.
Special, deposits
'
_
$2,659,474
—
—
Assets—
ap-
} propriations
;
$20,181,369
expenses
Federal, taxes
Other
—J "$21,850,037
revenues
900
Certificates
Net
1942—12 Mos.—1941
,
.
Operating
construction
25
'
Comparative Statement of Consolidated Income [ Including Subs.)
t
v
Interest
305,126
entities.
Minnesota,
Commission
of
Notice of
the
intent
Governor
Wisconsin,
as
of
to
Wisconsin
well
as
would result
the
acquire
to
properties
waa
given
to
the
Governors
and
and
Monday,. July 20, 1942
THE COMMERCIAL & FINANCIAL CHRONICLE
258
Overseas Securities Co., Inc.
other states in which the Northwestern
telephone plants.
Approximately 2,378 miles of toll pole line and about 21,322.44
miles of aerial wire, and 7,441.96 miles of wire in cable and associated
1941
1940
oper.—divs._
$45,112
$36,999
$32,402
—
from
Inc.
5,456
7,186
7,859
Interest
155, p. 2460.
in the transfer.—V.
involved
equipment are
1942
6 Mos. End. June 30—
Miscellaneous
1939
Liabilities—Notes
12
taxes
Total
Ltd.—Bonds Offered—An ad¬
Northwestern Utilities,
4%% first mortgage sinking
June 1, 1959 was offered
July 11 by Nesbitt, Thomson & Co., Ltd., Montreal, at
98 and interest, to yield about 4.67%.
•
issue of $650,000
ditional
$44,214
$40,262
11,339
10,508
debentures-
on
'
The
22,746
21,300
21,300
22,201
$17,929
$12,406
$5,938
*$1,391
10,272
which
is
of
center
the
mixed
prosperous
a
Net
district
farming
21,844
168,497
55,879
*
602,262;
p. 2284,'
supply of natural gas at
a
time.
Due
Accrued
Sas¬
for
Sheet,'June
■
.'■
*$162,560
*$57,271
*
com¬
securities
chased
sold
and
but
securities
owned
"
'
12,758
■
other
and
interest
5%
•
•
9,075.
v
■
have
declared
accumulations
of
dividend
a
and
43%
of
regular
a
cents
share
per
87V2
of
dividend
gol ddebentures due April 1, 1948——'
stock
Capital
Net
,474,000
;
-
surplus
deficit-™--.-.
loss
and
*Including
quarter Sept. 30, 1942, on the 7% cumulative preferred
stock, par $50, both payable Oct. 1 to holders of record Sept. 14.
Like amounts were paid on May
11 and July 1, last.
The previous
87 Ms
cents per share,
made
was
Oct.
on
1940.—V.
1,
.2,733,970,
2,108,516
Five
First
Months
'
of—
As
result of
a
cash
positions
all
1942,
salary
of
in
successful
a
its
in
bonds.—V.
war
half-year period and
155,
'
taxes
—
1,369,064
$1,250,342
$982,451
1,990,790
income
Net-operat.
*
Net
1,586,688
"
income
—V.
Trust Associates—Earnings—
Colony
1941
1949
1939
$218,187
from bks.
Income—divs.
Interest
$233,839
$230,308
Total
;
633
316
1,286
$236,158
$231,304
$256,708
18,826
17,143
16,152
14,424
1,800
1.750
2,700
fees
paid
Provlsion
:
21,167
23,768
13,953
$179,975
$188,447
$199,449
taxes
Undivided
_________
14,387
profits,
bal.
670,678
previous Dec. 31—__
Total'
Divs.
■
652,669
$850,653
paid
declared-
&
$224,861
-
;
Total
188,104
S.
*
30
June
$662,549
After deducting $14,550 in
in
$11,820
1939
received
$653,012
$611,953
1942, $13,340 in 1941, $12,500 in 1940 and
from
constituent
banks.
Note^r-The income of Old Colony Trust Associates from its constituent
banks
includes
their
in
earnings
by
is reflected in
ciates
received
dividends.
of
The
the account "balance
r-
:.■■■■..•.
shares
of
capital
stocks
of
market
United
Bank
of
for
stock
at
Boston,
of
''
^
———
and
660,000
.
other
investments
(less
>33.819
i.,—
Losses
33,820
339,078
■
$10,545,821 $10,434,563
,
$5,000,000
>----i,-—
from
restatement
of
Dividend
$5,000,000
4,618,170
662,549
670,678
15,214
——
taxes_,)-—---i:
45.136
51,663
94,052
94,052
:
payable
Net
Direct
of
Net
„■
loss
f
Pacific
.
■■■
''
4,505
167,940
'
85,561
102,745
242,458
113,928
46,759
'V
tin
*$988,406
$1,873,763
11,552
*$515,730
*$979,960
Balance
Sheet, Dec.
*$232,825
31,
1941
$12,711;
provision
payable,
for
salary
$52,634;
and
in
storage
ing
&
Electric
Operating
Operating
and
Appropriation
Amortization
stock
Taxes
'
electric
for
1,500,000
23,782
;
:
.
earned
deficit,
$2,148,610;
$1,600,386.—V.
total,
1217;.;.;)
-
operating income
Costs, operating and general
Transport Co.
155,
)'
vv-.'.v*
Depreciation,
Net
851,500
Other
491,833
$4,386,980
$4,416,968
1,483
605
$4,388,463
$4,417,573
*Federal
normal
debt_-___„—1,610,167
1,629,167
*Federal
excess
,
taxes—
profits taxes—
excess
operating
operating income
income
—
„
on
funded
Amortization
Other
of
interest
Interest
debt
discount
——
charged
to
and
262,927
expense-—
income
income
Note—Provision
for
Federal
above periods was made in
income
and
excess
68,206
Dividend
35,500
Earnings
$2,426,308
profits taxes for
the
accordance with the Revenue Acts effective
during such periods,—V. 156, p.
Net
for
charges
7,535.485.
570,155
- 44,662
*
Federal
41,030
——-„--—
taxes
income
profits
3,295,612.
■
surtaxes.:
John
owned
Hart
paid
Pacific
of British
all
off
*As
profit for the
Great
Eastern
Columbia
announced
to
Ry.
stock
holders
in
of
shown
to
1,175,730
share
on
capital stock—
$1.45
:
.■
5,626,083
1,175,729
$1.19
>
by
.
the price of products
to
accounts
Canada
15
that
the
and
the
in
and
stock
road
1918.
from
was
was
begun.
Retirement
the
in
1912
The railway
was
proceeds
of
to
the
Petroleum
Heat
&
$605,174; of this amount 50%,
interest
made
a
and
was
from
taken
p.
loan
2461.
when
over
sinking
$16,000,000
Prqvince ol British Columbia.—V. 155,
1914
by
funds,
recently
of
Pan
construction
of
the Government
surplus
floated
savings
by
the
American
Consolidated
London,
Assets—Cash
guaranteed
losses-—73,158
expenses
$764,654
for
•614,827
74,914
—
Federal income taxes--
—-
$74,914,
surplus---_-4i--4--r%-*-%-—^r--.-*—
Consolidated
Sheet,
Balance
payable,
Liabilities—Accounts
Dec.
31,
IDA I
■*',•);■''
,
banks*
receivable in amount of $803.454),1
$169,618;
notes
payable
to
customers'
credit balances,
$23,459;
accrued
liabilities,
$64,144; reserves, $309,167; $6 cumulative preferred stock . (13,909 no
par shares), $993,500; common stock (29,003.7 no par shares), $29,004;*
surplus, $118,935; total, $2,303,038.—V. 154, p. 57; V. 152, p. 3823.
Paramount Broadway Corp.—Annual. Report— t,
receivable,
in
banks
Petroleum
Balance
and
Co.
Power
the
for
on
or
&
$302,587, was* applicable
Transport Co.
Sheet, Dec. 31,
1941
hand, $6,047,186; notes
accounts
$12,339,603; crude oil, at the lower of cost or market,
notes
and
accounts
$666,187;
receivable
investment
and
in
sundry
Petroleum
securities
Heat
&
(less
Power
$3,-f
reserve
Co.,
operations
of
50%
,
Amortization
of bond
'775,338"
354,175
expense—-——
*..'•, Net
operating
loss
22,704.
———
discount and
for
account
$1,031,353
—
assets—
fixed
of
the period transferred ; to deficit
—1-■;•* $120,863*
Balance
Sheet
at
Dec.
31,
1941
in banks, $95,823; accounts receivable, $28,409; fixedcost," $10,240,721; sinking!" fund cash -held by trustee, $520;
prepaid insurance, etc.,
$21,514; deferred charges, $304,255; total,;
$10,691,241.
*)• "■:
; v*
**
■■ •*■;■:
*.*
Assets—Cash
assets,' at
-
and
from
Depreciation
year
485,249; petroleum products, at the lower of cost or*, market, $16,675,990; materials and supplies, at or below cost, $2,613,445; long-term
$60,000),
Income
ru,
Accounts for the Year Ended Dec. 31, 1941
Expenses
■*;
sold.
of
31, 1941, reflected a net profit of $833,290, and a charge
of $228,116 in respect of dividends paid, or an increase in
provincially-
amounting to $20,160,000.
This
surplus
net assets of
July
the
1941
sold-;----.:-^--:--*--*1,506,084
(secured by pledged instalment notes
1,294,584
.
6,827,492
——11^
year
paid
per
Note—The
guaranteed
the
'
"
1,868,349
ending Dec.
Premier
^
.
income:
on
and
taxes—
the companies' statistical records, in addition to the
taxes noted above, taxes on gasoline and other refined products were
accounted for to Federal and State authorities. -These are taxes added
165.
Pacific Great Eastern Ry.—Stock Redeemed-—
Government
repossession
goods
Statement of Profit and Loss
06,493
$2,425,885
_
12,421,830
-
"'■;■*' 389,347
65,474
—_
147,609
264,886
•
Net
7,387,876
265,039
Miscellaneous
33,301
construction
Miscellaneous
income
In terest
Cr9,291
—
Subs.)—^Annual
$595,210;
Provision
Gross income
Interest
(&
Inc.
,
t Assets—Cash, $105,998; accounts receivable, $69,268; instalment notes,
receivable, pledged to secure bank loans of $595,210, $1,235,271; in¬
ventories, $552,824; cash value of . life insurance, $4,745;
plant and
properties (less reserves for depreciation),* $263,984; other assets and'
deferred charges, $70,949; total, $2,303,038,
*
;
.
;
)
5,753,774
income
Total
Net
6,094,024
192,500
income
of
-
1,823,021"
*2,231,415
income
Machine,
,
,
1,528,818
Provision for Federal
Other
on
etc.
guaranteed sinking fund 4M>r'<> secured notes,'
$137,895; provision for 1941 Federal income
$46,178; long-term debt,- $750,138; common
capital surplus, $1,405,810; earned, surplus,
Net profit carried to
:'
1940
12,156,791
depletion,
(less re¬
officers and
Gross profit on
Selling, collection, shipping, administrative, advertising and
Reserved
(& Subs.))
130,691,417 104,352,108'
110,209,188
89,387,436
expenses
Taxes, other than Federal taxes
receivables
due from
accounts,
Pressing
for
cost
other
Gross
$303,377;
$325,211;
————7-i——li----'—' $2,343,896:
Less
consolidated
banks,
$26,406),
.:£$■'&
A
Statement of Profit, and Loss for Year Ended Dec. 31,
:
Sales-
termination of employment contracts, $59,639; minority,
subsidiaries, $711; capital stock of Pacific Tin Consolidated.
par), $1,086,737;
consolidated capital surplus, $2,536,565;-
1,587,263
and State
v
Reserved
($1
and in
••
1941
Dec.
31* 1938, $294,830; total, $3,854,705.—V. 155, p, 1925/;.r *•*:.;,;•■ >
Pantex
in
1,083,250
Federal
Sheet,
profits taxes,
par), $905,407;
Report—
23,605
invests.—
——--
Provision
712,814
1,600,000
reserve-———--
($1
since July
with
Corp.
hand
accounts,
six-year
for
excess
interest
1941
816,528
retirement
limited-term
of
Balance
$456;
1941
$14,671,606 $13,893,986
4,681,970
4,667,781
repairs
for
)i)).
31,
■):)'..)) ))■
5.912
>$31,369
U. S.,
.*
1942
expenses
Maintenance
fund
and
for taxes accrued,
expenses payable in
con¬
Co.—Earnings—
revenues
doubtful
$82,943," accrued
nection
Pan American Petroleum &
31—
for
-
J,
$288,584
*
provision
traveling
123,275
*46,178
Kc Liabilities—Accounts payable, $195,591; notes payable, $35,913; sink¬
'
(subsequently sold), at cost, $7,976; tin shipments
deferred settlements, at cost (less cash advances thereon,in
$97,819
v1
91,549
inventories, $546,652;- advance for employees' stock
purchase
plan
(secured),
$68,023;
investments,
$18,781;
deferred
charges, $117,215; fixed • assets* (less depletion and depreciation, $3,-„
443,163),
$2,340,611; new
construction in progress, $121,788; other
assets, $12,591; total, $3,854,705.
<
...
\
(demand deposits), $1,215,237; U. S. Treasury tax notes*,
$16,756; materials and supplies
23,961
$426,311
—
.
employees,
at cost,
$29,958; sundry
investments
(Jess reserve,
$190),
$52,680;
deferred
charges, $5,226; equipment (New York office), at cost (less reserve for
depreciation, $961), $1,874; total, $1,600,386.
155, p. 402.
Oklahoma Gas
—-
———,
——
$73,858
;
24,327
-
taxes
serve
70,073
concentrates
to
3,058
.
$401,984
•
——.
charges
Assets—Cash on
;
$301,898
$527,283
'
! 8,446 )
:
(subsequently redeemed), $250,102; accounts receivable, $20,576;*
subject
60,788*
4,299
income
Consolidated
$10,545,821 $10,434,563
^
Year Ended May
operating
) Net profit .
)':■ *Loss. :; ,^'v)'!):):!".:*.:V*;
tFigures of Pacific Tin Corp.
Assets—Cash
125,219
77,638
undeveloped leases—':
of
Total 'income
>
Consol.
Tin
721,634
263,536
);■■:
117,685
2,950
1—-
-
Corp.
*Profit.
1,389,788
297,540
;
Non-operating
5,076
2,727,912
year—'$1,953,317
)
79,554
for
1,830,557
u——-j.
Non-operating Income
842
Consolidated Statement of Profit and Loss for Calendar Years
!
—
,
(
enemy
int. in inc. of subs.
$2,637,879
682,068
charges
*
1940 v
$3,411,771
cost
operating
Amortization
Malaya—
\
Depreciation
Depletion. -
Net loss applicable to
p,
Total
-V.
to
due
Subs.)—
Co.. (&
income'.)--—
transportation and container costs.
Operating
4,732
prop, &
Liabilities—Accounts
profits-.
for
Refining
&
operating
Purchase,
59,519
54,275
«
84,971
invasion
capital
chedits
Provision-
:
—
—
•
—
Consolidated
4,728,869
Undivided
Deferred
1,754
9,670
Gross
83.842
73,766
145,695
Depletion
190,100
367,038 :
arising
v:)-;
1,421
——
at cost
•
•
Balance
Producing
1941
57,271
equipment
Sundry. expenses
■'if
Depreciation
__218,607
$20,324),
Liabilities—*
$587,105
9,263
.
pro¬
contingencies)—;
Capital • shares
$1,038,028
11,805-'
sale ol
on
:X
Consolidated Statement of Income for the Years Ended Dec. 3t
'
,
330,556
700,000
:
160,200
—
in bank—
Total
18,132
21,323
947
'5::
.'y,
quoted
obligations
note
vision
capital
pari
price
States
Demand
Cash
($12.50
National
First
Loss
$9,171,564
$9,324,764
in
$565,782
Interest.
June 30, '42 Dec. 31, '41
:
11
banks
Investment
$1,019,896
fund
war
Min.
r
■
i
:<y
shares),
par
no
,
Panhandle
Sheet
Assets—
in
ir
■
cumulative, preferred stock
(807,367
.
4,842
taxes—
adjustmentsby subs, to
;
Malay States
Federal
arising from restatement of
■
Comparative Balance
Investments
include
the
not
does
stock
banks
capital, shares," ■'
;
and
difference: between
receivable,
.i Control to be Acquired by Phillips Petroleum Co.— :» t
See Columbia Oil & Gasoline Corp,^above.--V. 156^ p>^84; * " v
; «
$1,162,925
59.7,144.
52,172
Malayan income
Associates from the constituent banks and
applicable to the holdings of the Asso¬
the
those
of
actually
dividends
excess
received
dividends
the
only
earnings
supplies at average cost, $374,839; non-current notes and-,
$204,499; deferred charges and prepaid accounts,
and
,
$1,800,118
$1,145,804
exps.
taxes
Exchange
s,
Balance,
$100,542 for
payment .of long-term debt called for .re¬
$102,580; U. S. Treasury notes, $2,750,000 accounts receiv¬
for uncollectible accounts, $50,220), $1,591,444; ma-'
.
J
tl938
$1,791,559
8,559
$1,142,504
3,300
—
-------
etc.,
'.f-V-?;*
Sheet, Dec.- 31,' 1941)
t
State franchise &c. taxes
169,294
)
income
admin,
Gen.
$781,246
$658,064
188,104
Balance
expensed";'v;
-
1939 ". *
$3,191,764
$2,045,163
1,400,204:.
1,025,267
$2,401,799
income
Non-operating
Donations
) $846,168
$841,116
188,104
,
556,385
646,719
and"
discount
Annual Report—
Operating income
taxes:
profits
•
-A—™-—^--
tin
excess ^
($100 par), ^$11,000,000;
$20,184,175; long-term debt,^
$23,259,789; accounts payable, $1,086,771; dividends, declared and un-,
paid, $905,086; State, local and miscellaneous Federal .taxes, $287,573;;
Federalincome
and
excess
profits, —$2,930,931;! accured • interest, .
$90,614; long-term debt called for redemption, including premium and
interest, $100,542; deferred liabilities, $43,415; reserves, $11,633,748;
contributions in aid of construction, $42,063; earned surplus since Dec.*
31, 1935, $7,386,474; total, $78,951,180.*
*
<•,
)i
,
1940'
(
Operating costs —1,368,222
U.
income
Net
1941
Consolidated
Liabilities—$6
'
Annual;
—
debt
$282,181; .total,' $78,951,180.
$4,805,658-
Oper. rev, from sales of
336
'
11
j---
for
v
ex¬
—
Interest
1,662
$222,369
„—
and
penses
Trustees"
679
657
1,980
(& Subs.)
and
reserve
accounts
9,844,656 :$j 7,884,946 ~
Consolidated Statement of Income for Calendar Years
-
2,400
income
salaries
*Oper.
2,202
income
$5,985,485
•:
'
$254,789
-
Miscellaneous
Report—
1942
6 Mos. End. June 30—
-
(less
terials
-
2461.
155, p.
Pacific Tin Consolidated Corp,
Old
able
common
the strongest
of
one
expenses
4
"
demption),
;
the corporation rewarded, on June 30,
the equivalent of one to two months'
p. 2011.
history,
rev-
Operating
1941
$387,387
employees with
its
oper.
$6,935,220 $39,800,297 $33,410,982
21,800 •:..% 157,800
104,900
4,875,383- 27,305,198
23,277,254
1,055,586
6,351,814 . . 5,223,170
$8,332,985
35,000
5,678,579
revenues—-
Operating
1942
$586,028
,
——<
unamortized
to
:
1942—5 Mos.—1941
1942—Month—1941
-Period End May 31—
Uncollectible
1,165,894
Assets—Property, plant and equipment, $67,945,420; In tangibles,.;, $1,-V
704,613; cash in banks and working funds, $3,995,604; special deposits*
%
,,
'655,033
v$4,804,493 :v$4,548,324 ;
.
tlncluding
Co.-—Earnings-p-
561,000'
.
current: earnings if, the
$1,674,090
interest.
matured
debenture
155, p. 1604. )
for
income
,
an
payable on
(including
Nu-Enamel Corp.—Sales Up 51%—Wage Bonus—
Sales
Federal
of
•
900,000
v
Z_Z
£
1,436,598
1,690,000
■
amount equivalept to such taxes which would have been j
company had not had the benefits
for
tax. purposes
of deductions for discount, premium and, expense
resulting from the refinancing of long-term debt.; Such amounts were.
represent
,•141,151,
interest.—V.
Pacific Telephone & Telegraph
155,
Operating
,
deposit
debenture
matured
2284,
p*.
in- lieu
612,871
733,623
ZZ-Z—Z—zZ
-1%Z—__Z——_Z
income
v
?>' 823,881
miscellaneous Federal taxes—,
taxes
Note—Charges
474,000
,
/ 141,151
2,263,276
par)
$1,725,762
per
the
payment,
329,110
excess
9,075
■
2,698,683
($1-
on
cents
332,143
income
378,000.
378,000
gold debentures due Nov. 1, 1947
5%
Profit
directors
1,880,890
sales and purchase contractslieu of Federal income and excess
gas
profits "taxes_Z_
Interest deductions —zZ-Zz---Z—:
4,629
5,469
'
__
5%
Paid-in
for
277,395
2,102,857
Federal
■■
-—) 7
2,723,370'
341,162
depletion and amort,
Federal
Norvvalk Tire & Rubber Co.—Preferred Dividends—
The
.Z.Z-Z—
profits taxes
State, local and
$35,380
$232,660
/ -i6,400
debentures
of
Amort,
$1,674,090 '
Z' 50,000,;
expenses
on
12,489 v
3,051,665
Operation
Charges. in
payable;
stock loaned—
taxes
11,515
-•
$15,434,857 $13,535,453
operating revenues
Maintenance
1,133
tSundry accounts payable,, accrued Federal and
Accrued
1940 7 *
.
$13,167,242
.735,078: "Z 355,722
•
Total
'■
loans
Deposit on
'
/'/<)
Gasoline
1,634,216
J:--$1,725,762
*
but not received——
bought
Report—
1941/
;V)JZ
.•Miscellaneous ;
5,823
,
securities
for
154,
$14,688,263
4,800
,
1
•M,491,629
:
? 1,540
1
Wv
■■
revenues: %<■ /
credited
,
account
■:■*,r-
Si%■'
f'"
$28,118
& •9,000 %*)%——:
—
™
Collateral
$107,205,051.—V.
Consolidated Income Statement for Calendar, Years \
7
Operating
1941
1
v
203,126
Total
Due
total,
V'' •': I And Subsidiary .Company]'/ '*
Provision- for (depreciation,
Liabilities—
cus¬
'pur¬
Prepaid expenses
>
from
■.
-
delivered,..
not
with
"when issued" basis,.———
on
$41,990,738;
surplus,
earned
'■* 'i;1942
dividends? receivable..——
connection
in
Securities
1
the entire issue in 17 years.
.
' ;
>
•
;new financing is permitted by the Dominion Government because -.
the company is supplying an essential service to one of the most im¬
portant distributing points in Canada.
The purpose of the issue is to retire $150,000 of series B bonds, now
held by the Canadian Western Natural Gas, Light, Heat & Power Co.,
and to • use the balance for
the partial restoration of the working
capital of the company, which has been depleted by capital expansions.
Since Jan. 1 of 1939 the company has spent in excess of $1,150,000
on
capital investments, against which it has authority to issue bonds
to the amount of $690,000.—V. 152, p. 3034.
; *■
share
'
w
30
.■
interest
Deposit
and
years
The
'
*$9,437
r":4r $7,709
very low
a
•'
,
$7,657
Balance
east and
the
border, which, it is understood, results in giving the
collected
Panhandle Eastern Pipe Line Co.—Annual
"Loss.
rate over a long period
.'..*
■'
.V;
In order to give the bondholders maximum security the sinking fund,
which becomes operative in 1944, will retire 50% of the issue in IOV2
of
————
Assets—.
payable,
of
profit for period
from the
•The natural gas distributed by the company is obtained
Viking and Kinsella fields.
The Viking field lies 77 miles
somewhat south of Edmonton
and extends practically to
pany
sales
is
and
Peace River district and a large part of the
' )<) v
V
gateway to the
Northwest Territories.
the
katchewan
oper.
';' V;'
natural gas in the City of Edmonton,
principal market for the sale of
also
from
loss
securities
engaged in the business of the production, trans¬
distribution of natural
gas
in northern Alberta,
Its
and
from
accounts
$8,821,906; other current liabilities, $672,263; long-term debt,
$15,798,853; capital 'stock
($5 par), - $23,514,723; capital surplus, $4,-;
is
company
mission
Net
profit
-
$8,660,901;"
income, taxes withheld, and
$3,143,404;
payable,
deferred
tomers,
11,439
fund bonds second series A, due
Net
i
equipment,
prepaid!, and
payable, including Federal taxes on
and Federal taxes on petroleum products
State
$32,794
12,122
-
—
Interest
$50,568
—
—
Expenses
goodwill,
$1,807,318;
total, $107,205,051.
$61,090,180;
charges, $444,289;
6,956
machinery and
buildings,
(less reserves for depreciation, depletion and amortization, $45,-
331,943).,
$25,826'
''
30
——
land,
$2,035,602;
cost,
owned, .at
-Earnings—
at cost
has
Co.
Telephone
all
of
Commissions
State
Bell
Liabilities—Accounts
payable,
$2,371;
accrued
liabilities,
$84,919;
sinking fund bonds dated Feb. 15, 1935,
and due
interest at 3% .payable Aug. 15 and Feb. 15, $6,584,500;
lease deposit,
$217; rents received in advance,-$32,181; capital stock
(1,950 no par shares), $100,000; capital surplus as at July 1, 1935;
$4,620,275; d"ficit from July 1, 1935, $733,221; total, $10,691,241.—*
V. 150, p. 1609.
;
first
Feb.
mortgage
15,
1955,
Volume 156
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4091
(less
Paramount Pictures, Inc. (& Subs.)—Annual Report—
Consolidated
Income
Account
53 Weeks
Ending
■'
-rent'
ceipts,
&
'
re-
-r
■
98,945,782
film1, dis-};[i"Y' 'Y/
tribution
and
of
etc.—
Ending
amort.
:'V
of
90,971,180
;
Pecos Valley
95,853,870
Int.
subsidiaries,
.
debt
S
ity
pfd.
.667,060
of
Interest
>
and
959,098
3,252,289
3,309,347,
957,626
14,985.
com,
538,778
484,036
159,132
165,742
185,456
142,830
679758
1,094,540
bonds,
.70,000
110,000
"(b)
'y
158,354
•'
523,782
;
operations
9,206,042
200
:
35,878
170,746*,
profit
to
surplus-
generating capacity
would
be
No contract for the
possible
their
upon
because
a
the
in
more
the
contract
investment
of
in
sale of
energy
management
would
interest
negotiating
or
be
the
the
company
or
concluded
temporary
security
For the $1,276,000 of currently outstanding first mortgage 6V2%
price of 87 1/6% of the principal thereof, flat;
"
6,304,064
demands
motion
In
20,411
9,206,242
6,402,131
2,757,945
2,865,676
766,158
836,029
875,530
853,030
328,227
333,042
333,052
1,109,667
369,889
been
surrendered),
$1
per
advances
outside
292,461
'U—-
v
.
2,309,351
—
"
""Includes $39,784 provision fdr
excess
profits taxes of domestic sub*
than
95%
owned,
fExclusive, of
studio
and
the
depreciation charged to Cost of films,
the
coerce
The
issued
directors
Louis
July
the
in
their
in
court
15
present
S.
suit,
into
content
at
the.
an
surrendering to
reserved
CateS,
in
conduct
of
relations
decision
President
addition
with
can
or
to
once
the
demands
the
on
to
of
Phelps
false
of
labor,
labor.
some
It
proceeds on
held
liable
not
be
obeying
for
for
not
the
yielding
orders
Appeals and to the U. S. Supreme Court,'although that
appeal is given by the National Labor Relations Act itself."
...V Mr. Cates continued
this
courts
that
suit
will
the
is
not
that "Phelps
governed
the
of
improper effort to have
functions of the board
the
well-established
the
management
dismissed
the
Supreme Court of
of directors of
Corp.
operating profit
Provision
•
Pecos
(&
that
the
corporations;
and
shameless
and
as
a
York
New
Board."—V.
exercise
156,
the
84.
p.
Subs.)—Earnings—
1942—6 Mos.—1941
before taxes—
5
Mos., '40
$778,338
$300,765
93,000
20,000
$207,765
,
$102,983
370,000
for
$82,983
Federal, and State in*
taxes'-
come
of
Phelps Dodge, the National Labor
Period End May 31—
Net
doctrine
of
fade
its
on
and the War Production
Phillips-Jones
the
by
will be
right
Dodge Corp. and its counsel believe
with
interfere
complaint
•
sldiaries" less
•
asserting that the
copper
mine, and alleging that the suit is
one
to
suit,
1%
National Labor Relations Board
pending appeal to the courts.
The
theory of the complaint is that the directors must bear personally ail
expenses of appealing from the Orders of the Board to the U. S. Court
have
(including call loartS and time deposits of $1,078,045),'
notes and accounts receivable (less reserves), $3,494,733;
dividends-
dividends
courts
the
of
$12,101,572;
pref.
Common
day in
a
of
of less than
ore
at
"" "(d) The offer of purchase
after
mine ore of less than 3% .copper
to
dismissal
entirely novel theory that directors
Valley Power & Light Co. securities to be contingent upon
by the deposit. before the expiration of the offer, of at
least 96% of the outstanding bonds with all interest
coupons maturing
on
and after Nov.
1, 1942, attached, and at least 97.5% of the out¬
standing debentures and at least 80%
of the 3.582.66
outstanding
dividends—-
asked
dismiss.
complaint
directors
the
exchange for securities, which
share.
against
Phelps Dodge
$1,500,000 as a result of
corporations and as a result of the
and
totally irrelevant charges concerning the grade of ore which the corpo¬
ration mines, seeks to have the court override the
judgment of the
3,892.34
Valley Power & Light Co1, in
Y, Supreme Court
its subsidiary,
than
organizations.
statement
a
"The
•
deben¬
laboratory
pref.
Second
to
labor
Relations Board,
332,397.
N.
and
more
Dodge Corp., said;
to expire upoh the expiration of 45 days
mailing of such offer or at the close of business on Sept. 1,
1942, whichever date shall be earlier, unless the time for its acceptance
shall be extended by West Texas Utilities Co, for a
period or periods
not exceeding in the aggregate 30
days.
■;
"(e) The obligation of West Texas Utilities Co. to purchase any of
First
of
that
For
corporation
treating
now
Pecos
2,533,279
2,737,533
98,066 YY
a
of
of
Labor Policies—
on
been filed in
has
have
of 50,000 tons
attempt to use the
only;
holders to
during this
non-cumulative income
and on Aug. 10,
semi-annual dividends
•
defendants
rate
and consequently increased demand for, generat¬
'■'
••'''■Y..
'■■•"J.
:
\'"Y
the $727,500 of outstanding
price of 20% of the principal
suit
directors
corporation is
a
a
"(c)
..
sive
not
Net
company's
and
thereof, flat;
;,
3,582.66 outstanding shares of common stock (exclu¬
shares held by The Middle West Corp., which, if the
offer is accepted, will be transferred without
consideration, but includ¬
ing 36.31 shares issuable under the 1935 plan of reorganization of
——'
Crl0,526
purch. of debs.
on
the
For
tures,
174,814
Cr72,842
Prof., from
The
'
"The management has been unable to secure any offer to purchase
property of the company, but is informed that West Texas Utilities
on June 22,
1942; filed application with the SEC seeking approval
to purchase all outstanding securities of Pecos
Valley Power & Light
Co., by offer to be made directly to all security holders, on the fol¬
lowing terms:";".
;■
'".'.v.
"(a)
539,836
:
adjust—
(net)
part:
■'
10,798
659,056
subs,
of
company's property.
it
if
in
1941,
content.
Co.
.•
164,631
1,326,500
exch.
officers
the
98,117
•/
.
■'
(net)'i
states,
stockholders'
Refining Corp., alleging losses of
the
period of scarcity of,
ing capacity.
" :
:
debentures-
foreign
Foreign
that
891,676
invest, and adv.
on
Prot.
8,798,872'
8,684,869
3,152,454
3,255,933
for-, conting,—
on
Reserve
of the
820,615
"3,744,725
subsidiaries-
of
Phelps Dodge Corp.—Sued
A
management has explored the possibilities of
a contract with neighboring utility companies for the sale
output
realize
V
months
some
the
President,
Aug. 9, 1941, and $3.25 each on Feb. 10,
Previously, the company paid regular
per share.—V. 153, p. 403.
$3.50
alleged anti-labor policies of the
alleged refusal of the corporation
Power & Light Co.—Annual Report—
capacity has been entered into
that the relief afforded by such
12,590,999
of
taxes—
Williams,
negotiating
applic. to minor-.
Capital losses
."
292,361'
171,328
dividends-.,
holders
;
stocks
Loss
45,099
,
A.
"For
v
sale
etc.
Federal: income
Profs,
8,506,511
of
(Depreciation of bldgs.,
"* equipment, etc,
Subsid.
8,639,771
.7,995:.: v.-—Y
19,140,906
funded
on
12,590,999
undistributed
income
Total
;■-
1940.
of
"
18,961,584
earnings of companies,
consol, for first time
i
and
commis¬
■
86,354,783
R.
Share
and
wages
income,
excess
profits,
and
capital
stock
taxes
payable,
series A
cumulative
convertible
(41,084
no
par
shares),
$328,672; series B $0.60 preferred stock (20,261 shares no par) $129,670;
common
stock
($l par)1, $121,658;-., paid-in surplus, $152,424; earned
surplus, $240,212; total, $1,247,170.—V. 155, p. 308.
■
'85,498,143
Operating profit
Capital gains (net)
accrued
$151,007;
99,610,950 104,360,381
'
Y: ' '
■
$40,811;
Federal
v
*
films,
payable,
payable, $39,811; dividends payable, $16,067; deposits on installa¬
contracts, $5,510; miscellaneous taxes payable, $14,585; estimated
tion
'' i"$
•••
104,459,727
Oper. • exps.,
Ending
-
sions
;; ■>,
other
.'.income
52 Weeks
Jan. 4, '41 Dec. 30, '39 Dec. 31, '38
$
:
•
52 Weeks
Ending
Jan. 3,.'42
*!$
Income from theater
$374,696; patents, at" dost (less reserves), $845; de¬
charges to operations, $12,017; deposits, $4,505; total, $1,247,170.
'
Liabilities—Accounts
52 Weeks
-v,
reserves),
ferred
'
•
259
Provision for contingencies
100,000
acceptance
Consolidated Balance Sheet at Jan, 3, 1942
«
Assets—Cash
to
reserves),
producers
(recoverable
from film rentals
and
shares
less
$47,978;
released productions, cost less amortization, $5,productions not released, at cost, $8,866,822; pro*
ductions in process of completion, at cost,
$7,066,602; scenarios and
other costs applicable to future productions, $1,826,616; rights of plays,
805,426;
at
cost
90%
$683,288; advertising accessories and supplies, at cost
or less, $380,852"; capital stocks of affiliated
companies, $9,893,654; re¬
ceivables
from
affiliated companies,
$890,813; income debentures Of
affiliated companies
(principal amount, $2,387,100)', $2,334,530; notes
and
accounts
receivable
due
after
one
$999,567;
year,
to-
mortgages and
bonds of subsidiary
$934,927;
prepaid
contracts,
companies,
Of
the
principal
stock
Operating expenses
Maintenance
Income
". Net
■;
and
1956
of
interest
ferred
of
minority
companies,
stock
Net
shares
of
stock
issued
:
Expenses, taxes, etc.
Depreciation
"Net
836,691
*
profit
.
'
*
'
1
'
*
'
for
reserve
Balance Sheet
doubtful
cost,; $705,984;
and
charges,
items,
mining
equipment
investments
$158,449
at
as
Dec.
31, 1941
Liabilities—Capital
Income
$5,858,170.
value),: $387,405;
the. Years Ended
f'y' ■■■';
March 31
YY Y'Y YY'
L—
tax
Estimated Federal
f
Net
-1
'
come
-»
&
decl.
excess
surplus',' March
Internal
Revenue
for
March-
Refund
———
$2,462,985.
$2,123,953
vai.
exc.
prof., tax
31,
65,216
84,008
.
31,
.
$127,493
to
ended March 31,
.
•
40,392
13,599
$113,105
57,487
in¬
7,765
income
tax
.
Additional
•
ended
for-year ended
$304,481
Federal
of
Dividends
on
31,
taxes
income
for
the
1939, and March 31,
preferred
common
$178,357
years
1,666
1940—
stock—
27,462
Balance
(customers'-)
receivable
cost
or
(less
(less
market,
to" the
draft
deeper
at
which
Vessels
are
per¬
is
"The
this
load
first' of Pittsburgh Steamship's five new ore carriers launched
spring recently established a new high for an ore cargo when £
of
16,863 gross
tons was brought
down from Duluth by the
steamer Leon Fraser.
It is anticipated
that the Fraser's four sister
ships will be in operation before the end of the 1942 season.
The five
have
vessels
new
capacity
a
present water levels
of
2,500,000
full season's
a
over
tons
gross
iron
of
operation.—V.
118, p.
at
are
917.
Plaza Operating €e.- -Earnings-—
April 30, 1942f
Iricome
'•<
V
1942
before
depreciation,.
depreciation..
after
Loss
"Loss.—V.
642,034
155,
1940
$5,945
"$9,356
139,701
•;
*
141,514
156,815
:
1604.
p.
1941
$7,759
♦
Portland Gas & Coke Co.—Preferred DividendsThe directors
;
.
157,164
.
25,853
;a—
preferred stock
$48,366
Distributions
161,395
.
on
Feb.
2
of
and
7%. preferred
i
declared
dividend
a
of
88
cents
share on the
per
preferred stock, and a dividend of 75 cents per share on the 6%!
preferred stock, both on account of accumulations, payable Aug. 1 to
holders of record July 20.
A dividend of 87 cents was paid on the
7%
''
have
7%
$209,761
1941.—V.
May
75
and
156,
1, last,
each
cents
May
1,
75
last,
against 88
as
made
were
Previous
cents
on
the
cents
the
on
payments
6%
preferred
Feb.
2,
1942.
preferred
stock
on
6%»
87
were
stock
on
the
March
15,
cents
on
166.
p.
97,938
.
April 30, 1942
banks
—.
reserves,
reserves..
$423,298;
1941...
Sheet, March 31,
and
on
hand,
$41,365),
$549).
investments,
30, 1943
;• Assets—Cash
in banks, $180,895; due from
smelters, $91,837; other
receivable! $10,281;. inventories, operating supplies,
$57,687;
investments, $600,638-; capital assets,. $2,746,605;
deferred
% accounts
$4,936;
charges,
other
assets,
$4,118;
total,
$3,696,998.
::
-
accrued payroll; $15,419; pro¬
States-taxes, $33,815; capital stock ($1 par),
$1,632,308; capital surplus, $1,889,020; earned
surplus, $111,823; total.
vision
for'
-
Federal
$3,696,998.—V.
}
fixed
made
149,
421.
p.
P6nn> Mex Fuel Co.—-Stricken from Unlisted
Trading
Renton
$1.11
receivable
accounts
lower
assets/at
of
cost
K.
Knowles
has
$2,563,799
Judge William H.
on
of
for
Kirkpatrick
July 9 set Oct. 15
the
the
company,
reorganization
ruptcy Law.
Judge Kirkpatrick
the
of
which
Pullman
1942—6 Mos.—1941
Total
are
& Iron Co.—Acceptances
Maintenance
other
the
U.
S.
District
deadline for
acceptances
the
company
the
under
/
Court
Phila¬
Security
three-committee
the
Federal
Co.
is
the
objec¬
Total net
which
Taxes
retain
is
last,
too
over
low
and
the
acceptances
and
check
with
for
safe
\
vote
on
and: tabulate
the
them
and
determine
whether
by Judge Kirkpatrick
reorganization.—V. 155, p. 2452.
Peoria & Bureau
The
directors
common
compares
stock,
with
have
Valley RR.—Smaller
declared
payable
Aug.
distributions
a
10
of
charge
C.
of
formerly the
84.
p.
Operations]
1942—5 Mos.—1941
54,679
54,318
1,887,098
315,835
292,774
,
260,522
13,501,236
1,771,140
.
9,761,818
1,615,414
dividend
to
$3
of
holders
to
they
entitle
per
share
per
made
on
share
July
Feb.
$2,913,512
$1,463,461
1,061,546
$1,005,658
$91,350
2,024,512
1,129,448
$32,890
$401,915
$228,949
7,520,811
4,441,073
3,142,460
227,131
$895,065
$150,889
$3,079,738
$1,269,890
V
revenue
146,369
on
20.
10,
.
76,242
776,709
within
the
1,872,570
7 ':
York
the
allow
York
This
to
last,'
—V.
10%
a
of
New
State
such
an
increase
York
Public
Commission's
has
which
Commission
that its
were
155, p. 2371.
York
was
to
revenues
$1,088,550,
passenger
been granted
Commission.
New
action,
1941 totaled $780,234
service
in
Service
increase,
Commerce
contended
during
this
for
State
the
New
company
the
income —7
Granted 10% Fare Increase—
Interstate
record
$7,118,896
$179,259
"Deficit.-
With
Dividend—
$2.75
of
$43,352
$305,591
214,241
V-L
accrued
Permission
keeping for the
the conditions laid down
to
in
was
Auxiliary
368,694
Operating
with
comply
them
156,
the
fill
Harvey
SEC,
high.
the
Of Car and
2,627,585
revenue
refunding group,
to
Knowles
operations
expenses
Net
Drexel & Co., 1500 Walnut
Street,
Philadelphia, designated by Judge Kirkpatrick as "agent" for Howard
Lewis, special master.
&
Mr.
Brodie.
maintenance^
Total
2,
filed
Vice-President
Bank-
;;
June
be
and
to
French.
$7,666,661- $4,646,530 $35,305,778 $26,389,214
2,682,540
2,345,926
12,621,732
11,837,947
cars—
revenues
York
to
director
G.
Auxiliary Operations—
New
capitalization
too
of
Total
plan
still
Vice-President
a
Herbert
$1,933,162
at
creditors and
of
the
is
of
1942—Month—1941
expenses
the
it
a
May 31—
car
General
committee,
new
elected
Co.—Earnings—
revenues
confirmed
proposed
maintained
of
elected
(Revenues and Expenses
$2,140,244 $14,904,016 $12,764,097
..
fourth
the
the
file
/
been
death
...
of
as
to
been
has
the
company's general manufacturing manager.—V.
Conduct,
Must Be Filed by Oct. 15—
by
manufacturing to succeed Mr.
All
delphia
Brodie1
caused
Period End.
1942—Month—1941
^ Philadelphia & Reading Coal
Drexel
$176,691
Officials Promoted—
:
Peoples Drug Stores, Inc.—June Sales—
Period End.: June 30—
Sales
the floor of the New
on
Exchange of 9,214 shares of common stock
(no par) at $47% per share net, less 90 cents commis¬
sion.
The offering was quickly oversubscribed.
vacancy
The-capital stock (par 500> was stricken from unlisted
trading on
the New York Curb Exchange July 15 in view of the extent to which
thd liquidation of the
company has progressed.—V. 156, p. 165.
,
special offering July 14
a
York Stock
to
accounts
miscellaneous
inventories, valued at
$19,025;
Procter & Gamble Co.—-Special
Offering—Shields &
Co., New York, and W. D, Gradison & Co., Cincinnati
and
1!M5}""
$186,874;
$225,455;
$455;
$111,823
—
Benton
36,807
$240,212
Earnings per common share—$1.32
in
;
Balance Sheet at April
Acceptances
stock—J^_:—
surplus, March 31,
Assets—Cash
(To.—Annual Report—*
a
master
Earned
addition
and increased dock efficiency.
The Pittsburgh, vessels
upper lake ports on March 27, which is considerably earlier
practised in normal times.,
A total of 68 steamers arid two
with a single trip capacity of 770,000 gross tons under the
specified summer emergency draft started the season for the company.
depreciation*, depletion and- Federal income
J
tions
296
1939
March
in
load,
for
$873,418
before
•
plan
1939 and
surplus
Dividends
Metals
L
contended
Total
to
barges
reserved'
■
holders
176,692
1940
adjustments
•
1940
Federal
on
March
&
Total surplus
,
1941
profits tax
Agent's-
the years
31,
$654,604;
.
YYYYY;
1942
profit for the year-_'_--L;-//--™-'.^_
Earned
than
pre¬
\-:i: Liabilities—Accounts payable, $14,613;
goods sold-1
_7_-—;
.—'.——
1,587,278
1,445,096
Selling, general and administrative expenses^__: .v.V, 531,794 j 469,161
Financial and extraneous expenses, less income
V • 67,196
42,299
income
$19,165;
/Dividend
payroll,
accrued
of
Fed.
Profit
■
6
.
:
Est.
par),
no
Income for the Year Ended'
profit
;
—%
j
Earned surplus at April JO, 1941.
deferred
Y^YYY'YY
payable,$33,174;
•
Earnings for
Cost
(7,438- shares
Net
Payne Furnace & Supply Co., Inc.—Annual Report—-
A—11——
stock
Provision- for depreciation and depletion
Provision for Federal income tax.
,
Sales
cost,
average
$231,383
$25,546;
dividends unclaimed; $21,193; accrued -Federal and State taxes, $24,234;
capltal stock
($1"par), $408,136; stock at Park Utah- Consolidated
Mines Co. to be issued in exchange for Ontario
Silver Mining Co.
stock
(1,606%
shares), $1,607; paid-in surplus,, $4,441,115; deficit,
$780,562; total, $5,858,170.—V. 155, p. 2284.
■•'v YY' 'YY'^ v
at
of 1941, during which season more ore' was carried
in the history of the company.
The increased move¬
largely to the earlier opening of navigation by the Pitts-,,
year
due
started
;
-.
,t
claims, $4,081,120; plant, tun¬
depreciation, $609,701), $251,069;
-(book
companies
$41,361; .total,
Liabilities—Accounts■
;
priced
is
mitted
•
Mines
Earned surplus at
'
and
for
reserve
1
''
r
Oreille
Expenses
accounts receivable (less
investment in bonds at
$3,000),- $74,686;
properties
(less
other
in
$3,073,397.
Statement- Of
*
($11,597
$291,318,
and'^supplies,
date
in any
(Loss.
in banks, $316,545; notes and
Assets—Cdsh
nels
45,471
.
———
"Before depletion.
1
$1,040,611
$48,419
"
-
.
"
1940
7
1939
$1,086,699
$419,817
744,080 Y,; 392,801
51,301
38,613
1941,
Ore sales and other income——
31, 1941
1942
ore
in
burgh fleet
101,629
$54,314
;
total,
Pend
:
;
*
than
$53,211*
89,803
the
6 Mos. End, June 30—
$3,-
Cor—Earnings—
Calendar Years
for
$35,489
■V
of
the iron
comparable
619
$138,524, total, $3,073,397.—V. 154, p. 159&
-
Iheotne Account
$52,591
plan of reorganization (36,313 shares), $3,196; longdebt, $2,019,500; current liabilities, $29,592; depreciation reserves,
$496,809; reserve for contingencies, $8,221; deficit (since Oct. 31,
1935)v
capital surplus, $27,357,081; earned surplus accumulated since
1, 1935, $19,579,672; total, $116,032,224,—V. 156, p. 84.
V
\
$35,489
statement
40%
that
material
12,519
taxes
deductions
materials
155, p. 2285,
the Nation's all-out war effort,
■;
"
"The Pittsburgh Steamship fleet, which is the largest on the Great
Lakes, has handled a large percentage of the 33,950,000 gross tons of
iron
ore
brought down to lower lake ports, s The fleet transported
500,000 gross tons more iron ore to July 1 of this year than on the
9,107
84,124
12,217
profits___
Sheet, Dec.
above.—V.
term
041,765;
Park Utah Consolidated Mines
159,415
for issuance under
$939,329;
conversions,
on
show
$317,756
84,016
official
"With
1940
i
other
Gasoline Corp.,
made on July 15 says:
shipping season elapsed to July 1, figures
moving facilities of this company/a U. S, Steel
Corp. subsidiary, are being strained to the utmost to provide the raw
,
145,474
loss
$12,555;
stockholders in capital and surplus of
6% cumulative convertible first pre¬
common
An
^
payments, $3,408; debt discount and expense in process of
amortization,
$1,311,692;
value
par
31
23,813
profits
Columbia Oil &
Pittsburgh Steamship Co.—Ore Movements Heavy—
Years Ended Dee,
excess
See
shares
Assets—Utility plant (as cost), $2,926,848; miscellaneous investment
sinking fund deposit, $285; cash, $83,458; accounts receivable,
($100 pan,
and
the
Co.—'■""•V,""-"--.m:
"
the
and
$12,606,36776%» cumulative convertible second
preferred stock ($10 par), $2,250,100; common stock
($1 par), $2,7,
744,923; excess of par value of preferred stock over cost of reacquired
Jan.
of
of
'
income
$27,678;
contingencies, $2,
991,557;
subsidiary
80%
90%
$308,338
165.
p.
Phillips Petroleum Co.—To Acquire Control of Pan¬
handle Eastern Pipe Line
to
$301,010
Balance
bonds of subsidiary companies
$1,049,800), $8,745,482;- 4%
debentures due
Pictures, Inc. (less $20,000 principal amount held
Paramount
least
at
least
at
deposited."
so
income
Gross
.
mortgages and
treasury), $17,618,700; advance payments, self-liquidating,
miscellaneous other liabilities; $681,750; reserve for
and
and
and taxes
excess
Interest and
of
in
debentures
bonds
prof-it
156,
ment
$75,000),- $381,953; notes payable of subsidiaries, $3,680,694; purchase
money-obligations, $931,485; mortgages on properties;*of- Paramount
bonds
the
operating- income
Other
1,013,094; owing to affiliated companies, $46,415; taxes, payrolls and
accruals (less cash funds of a subsidiary specifically deposited for pay¬
ment of-taxes/$230,752), $3,111,654; U.S. and foreign income and
excess profits taxes,-estimated, $3,875,712; purchase money obligations
maturing within one year, $281,029;
mortgages and bonds of sub¬
sidiary companies maturing within one year (less treasury bonds of
$443,000;
the
Dqpreciationr>"_i"^__'
Taxes, other than income arid
Liabilities—Notes payable of subsidiaries, $344,842; accounts payable,
owing to outside producers and owners of royalty rights,
Inc.,
The Middle West
1941
$2,053,926;
treasury
of
amount
outstanding are
$
(less
of
amount
to
deposits
shares held by
Operating revenues—electric
expenses;.
$1,281,422;
deferred
charges (including unamortized bond discount and expense of $681,516),
$726,001 ;■ total, $116,032,224,' -V;. Y;v'Y-Y/%:Y;':YY:;'V"YY VK vYY
Pictures,
(exclusive of 3,892.34
Income Account,
wholly-owned
$29,802;
of
principal
foreign subsidiaries not consolidated
(capital stocks and advances),
$14,6717 miscellaneous, $147,772; land, $20,435,384; buildings, leases
and equipment (less reserves for depreciation of $33,883,824 and $4,868,121 applicable to U. S.< A. - and Canadian companies and other
foreign companies, respectively), $38,069,791; sinking funds applicable
secure v
stock
purchase at the respective prices named, all securities that may be so
deposited if less than the'percentages above specified, provided at least
less,
or
of
"Corp.), West Texas Utilities Co. reserving the right, at its option,
completed
Net-
-V.
became
and
charges
Pullman
the
Co.
39th
by
State
originally permitted by the
rising railroad costs.
The
meet
from
and
causing
; '
fares
the
intrastate
operating
an
business
expenses
operating
'
in
New
attributable
loss of
$308 316.
\
THE COMMERCIAL & FINANCIAL CHRONICLE
£60
Provident
Co.—Assets
Life Insurance
Mutual
(less. depletion),
Gain—
$1,930,098;
charges, $317,819;
miscellaneous
assets,
$53,251;
deferred
Monday, July 20, 1942
quarterly
total, $34,006,949.
long
•
increased to $400,628,000 as of
June 30, according to its semi-annual report released on July 16.
This
represents an increase of $10,038,000 in investments and cash on hand
since the first of the year.
Over $6,000,000 of Government bonds have
Ledger
assets
this
of
company
purchased during this period.
paid insurance during the first half of the year amounted to
$40,267,000, an increase of $4,564,000 over. the corresponding
1941
figures.
Insurance in force increased $14,960,000 during the first half
of
the
year.
Voluntary
terminations (lapses and surrenders)
de¬
creased by $594,000.—V, 155, p. 2462.
($25
on
company
or
court
June
A;
29.
.
,
The
the
\
declared
have
stock
quarter during
dividend
a
of
25
ing offered
Sales
,
cents
payable July 30 to holders of
with 50 cents paid
1941.—V.
155,
1605.
p.
sur¬
share
per
record July
20.
1
-
i
.
on
155,
15,
addition
share--in
on
the
^ug.
21.
share
ord.,
the
to
usual
ferred
.
In
extra
of
dividend
payable Sept.
cents
75
dividend of
extra
an
quarterly
both
stock,
common
An
declared
stock
Sept.. 15 and Dec. 15, last year.—V.
also
was
155,
of.
cents
25
this
on;
has
sold
with'
the
and
distributed.
registration
of
stock
common
Coach
order for 210
an
Co.—V.
155, p.
1416.
-
declared
'
;
time
R. C. A.
The
,
oper.
revenues—
$708,033-
Total
oper,
deductions..
467.211
Net
oper.
Other
communic.
$807,841.'$3,551,952
494,982
$240,822
revenues-
1942—5 Mos.—1941
$312,859
$1,171,516
inc.—
3.352
1,097
30,997
$313,956
$1,202,513
communication
Drl,597
$242,577
30,055
36,225
D/'3,182
4,184
income—_
ord.
Other
$1,206,697
Deduct,
from
ord.
inc.-
155,201
178,786
income——
ord.
Extraord.
inc.,
Extraord.
credits-
inc.,
$274,549
$212,522
^
891 '
— ^
.
486
charges-
Net income
Deducts,
Net
$275,440
$1,049,729
$1,454,410
162,300
143,400
674,400
to earned
656,100
$132,040
$375,329
Period Ended May
Total;
'$46,339
of
$798,310
$75,372
$247,821
; 336,376
*$1,678
"$88,555
898,030
income.—
GroSs'ord.
,
*
'
-
from
$102,983,-
$131,902
'312
inc.
Net''ord.
,i
income.....
from
$131,590'
$102,983
inc.
net
to
♦Deficit.—V. 155,
2371.
p.
$275,180
104,485
the
$170,695
$83,530
$75,293
-
market
total
of
March
On
investments
equal
was
share
per
and
31,
net
1942,
June
on
30,
equal
were
net
assets
of
$9.73
to
equal
were
sale
N.
Alien
J.,
the
of
all
Custodian
Property
capital
together
with
stock
all
of
S.
U.
Based
per
June
'
1942.
18,
Bids
will
be
Inc.,
of
Flemington,
6:00
p.
m.
[Includes
Sales, "less freight,
rine1
subsidiary,
Class
ma-
insurance
..
Cost
sales
of
and
of
:•
«>
17Me
per
stock
has
1150,000 shares
issued
to
or
the
upon
order
entitling the registered holders
shares
of
warrants,
dividend
on
stock;
common
and
the
thereof
convertible
option
'i
$31,316,906 $25,154,297 $16,292,047 $10,049,431
-
the
stock
7,196,851
1,322,386
1,147,657
$7,971,937" ' $3,205,202
shares of
stock,
preferred
warrants.
all
stock
and
tCommon
respects except
Purpose—Company intends
$1, 704,923
$5
per
are
and
class
A
for conversion
reserved
class
A
of
for exercise of
stock
common
the
use
proceeds
and
depletion..
Profit from operats._
Int.1 & amort.
(net
of
$9,398,501
,
,
are
of the sale of the
and for additional
interest
Cash in banks and
Accounts
losses
tirements
assets
of
54,091
27,435
177,461
5,768
6 949
Cr75,039
Cr9 683
Cr3,392
Fed.' income
taxes
*5,510,408'
*3,550*000
497,876
239,277
..
Net
income
$3,762,970
Pref;. dividends
Earnings
per
$2,389,488
$1,176,647
2,817,923
626,152
313,008
paid
share
$2.60
$2.86
$1.18
1942 and $1,725,000 in 1941
Consolidated
Assets—Demand
deposits
Balance
in
Sheet, April 30,
banks
and
cash
on
Nil
excess
struction
reserves
in
Which-was
charges-,j-I
-
(net)__
1942
1
hand,
progress
for
depreciation,
(the
estimated
$375,000), $430,047;
$11,122,414),
additional
land, $419,823;
cost
854,069
1
•
,
Accrued
and
expenses
and
$276,410
etc.—
112,120
miscellaneous
excess
profits
A
common
surplus
Earned
"
taxes
taxes
Convertible preferred stock
Common stock
50,896
(est.)_i_-
676,100
125,000
;
61,250
stock—
110,000
surplus
548,442
—
I
Total
of
314,689
$2,274,907
——
.
Initial Common Dividends—
$2,128,882;
$20,366,523;
con¬
completion
timberlands
and
of
timber
stock
1,291,875
684,773
8,485,254
aid
of
construction
1,086,078
———
—>.4——_47].4_i_4_4—>_
1,071,100
37640,395
4,327.644
$95,168,521 $92,782,739
shares.
par
no
116,102
(non-re¬
L
the
on
of
the
vote
basis
same
stockholders
in
of
case
155, p. 2462,
the
as
series
have approved
default
a
in
the
D
and
E
preferreds;
change.
the
They wilf
dividends.--
payment
of
"
; '
'
■
_
\.
Period End. June 30—
Sales
%..,
1' ;■
'
•
*\.
1942—Month—1941
i
——.———
—V.
155,
$674,308
2286.
p.
■
'I,
....
1942—6 Mos.—1941
$514,243
$3,649,157
t
$2,969,780
-;v>
;
Royal Worcester Corset Co.—Property Sold—
Sale
of
this
Julius
at
the
Breckwolft
Court
House
&
Son., Inc.,-of Dolgeville, N. Y., was
Worcester, according to an Associated
at
Press dispatch.
The property is assessed for $245,000.
Control of the Royal Worcester
company, one of the
industries, went to Aetna Industrial Corp. of New York
1941.
The business continued until last
voted
to
from
138,
in
oldest
January,
change
to
it
Lehn
Worcester
2097.
p.
to
&
Fink,
Boston.
Inc.,
and
to move the principal
"Evening Register.")—
(New Haven
,y.
.
Safeway Stores, Inc. (A Subs.)—Annual Report—
,
Income
Account
for
Calendar
1941
>
'»
Net
'■
'
Sales
Cost
and
7 _'f
expenses—
Operating profit
Other income -4Total
and
on
Other
V
ft
i1"
•
''
1.
property,
29,477
32,117
"j,114,663
8,819,160
577,198
650,624
62,841
233;688
45,617
income taxes
—_
J-——Z—ill:
,
dividends
2,948,039I
614,000)'
1,687,972
5,036,060
"
profits
dividends
8,787,043
911,126
tax—
Preferred
'
10,292,589
% 737,477
———„
Federal
profit
^
7,085,186
—
Federal and Canadian
-Net
1939
^
'•
•
28,348
etc.
deductions
excess
■'
10,264,241
——
discounts
income
Years
1940
•
income
Interest
Loss
•
k
475,124,885 399,322,122 385,882,083
——461,127,880 388,635,337 373,353,658
3,732,764
3,601,599
3,741,382
—
Depreciation
,
'
.
city's
December, when stockholders
office
V.
r
an
Breckwolft of
recorded
7
company's property at Wyman and Grand Sts., Worces¬
indicated price of $126,000 by Lehn & Fink,
Inc., to
ter, Mass., at
Surplus
Earnings per
.
"Exclusive
4,786,652
1,666,488
4
6,268,360
•978,828
(cash)
951,444
936,076
2,901,673
2,818,379
*2,026,809
1,155,559
-1,016,829
—
The
directors
and
the
Aug.
15
'•
This
Of
class
to
July
on
A
dividend
is
of
in
directors to pay
stock
1
•.
*>\
and
class
•
>
A
'
13
common
holders
stock
accordance
*
.
dividend
a
12 Vi
the
on
cents
per
stock
common
share,- payable
10.
the
with
dividends
stock
at
>
share—-
$1,602,860 paid
•
Assets—Cash in banks and
trade
(less
and
on
$77,896),
county and
reserve,
State,
$4.91----
—
in 5%
preferred
as
of Dec.
*
3,305,47!
$4.76
stock.
-
$6.6
:
•
V
31, 1911
hand, $11,688,473;; accounts receivable
$1,441,415;
Government
accounts
receiv
municipal warrants,'$876,110; account:
receivable
for
sale
of
properties occupied by
company,
$2,237,553
sundry accounts receivable, $423,375; merchandise inventories,
$49,
800,674;
prepaid
expenses,
$904,923;
investments
and
advances
$452/769; fixed assets, at cost (less reserve lor
depreciation, $19,.
894,415), $31,612,843; debt discount,, redemption premium and expense
$723,609; total, $100,161,745.
Liabilities—Notes payable,
banks, $1,581,080; notes payable to banks
due Aug. 1, 1942,. $850,000; accounts
payable, $11,034,682) Stat<
taxes, $599,006; accrued, expenses,. $2,900,075; dividend
payable
$277,582; provision for Federal and, Canadian Income taxes, $3,761 753
notes payable to banks, $5,150,000;
20-year 314% sinking fund de'ben
tures, due 1961, $14,000,000; 5% preferred cumulative stock
($100 par)
series
sales
$22,258,100;
common
stock
(848,624 no par shares), $9,942,648;
paid-ii
surplus, $12,736,012; earned surplus, $15,218,252; cost of 535.4 share:
preferred and 1,731.8 shares common stock in treasury. $147 445
5%
of
Aug.
regular, cash
common
'
declared
record
—^_4—4„
common
of
Consolidated Balance Sheet
33,008
:
.
—_
profits tax.
acceptances, drafts, and accounts receivable, $4,454,842; inventories, at
the lower of
cost or market, $3,821,712;
foreign customers' deposits
.{contra), $83,951; buildings and structures, and machinery and equip-?
jnent" "< less
deferred
Liabilities—
Paid-in
of
♦Includes $3,925,000 in
i'-f
and
Accounts payable ^
Accrued salaries, wages,
Class
963,871
stock
common
*
$4,005,871
1,252,410
paid
dividends
in
4^6,114
$2,274,907
Federal income
Common
'
J. Total
6,946
Cr2~625
—
6,684
455.803
————4————
Roses' 5,10 A 25 Cent Stores, Inc.—Sales—
*
able
,
Miscellaneous
f
584,754
%
expenses
$366,955
plant
—
for
'
(net)_._;
Fixed assets, at cost
Patent application
12,368
re¬
on
on
receivable
Inventories
266,392
„
Prepaid
Other, income
Prov.
320, 572
253,786
projects aband._
Abnormal
..
100,313
in' connection
Expenses
with
1
earnedi
1,553,902
447.911
%, 116,102
Assets—-,...
.
;
:1
1,823,683
accrued—
4-—4^'.;.^ 9,726,191
Sheet, May 31, 1942
hand
pfd. stocks,
New. York P. S. Commission on July 15 authorized a reclassifica*
series C 6%
preferred stock of the corporation into a non¬
Common
,
Balance
144,721
—,44—»4_—■.
credits
voting rights.
to
3,000
592,132
of
their
»
2,000
138,494
4-
■
common
Of the authorized
$5.
reserved
are
78,125
stock
to
as
at
ehtitled to receive upon
are
stock for
common
156,250 shares
underwriters
purchase
and
year—'v
1,549,484
cumulative
;
85%
1
80,000
36,998,000
;J
\
one
4,000,000
80,000
36,996,000
—4
—
——4—
About
V.
17,187,100
4,000,000
'
Consolidated
virtue of the dilution
declaration by the company
common
preferred
2,700,000
17,187,100
deposits
on
'1
'
by
shares for expansion of its
manufacturing facilities,
working capital.
'
I'.'''
.'''
i
11,764,458'
ll/4
common
the
the
of
to
E
—
125,000
*400,000 shares
2,700,000
—-
Reclassify C Preferred—
voting
com¬
'
Depred.
tion
Outstanding
shares
76,562Vz shares
137,500
shares
125,000 shares
series
surplus :\;
To
$318,717
and class A
share.
common
1,180,897
—
—
payable
deferred
The
57,111
$2,978,575
stock
common
cents
——*
stock
shares of
1939
oper.
1,546,533
of
.Authorized
in .option
25%
a
-
15,635,827
shares
OQ'7
1,631,765
fi
1,412,460
[ "Represented by 775,914
47,158
;
be
preferred stock
to 62,500
5%
on
Total
42,789
outstanding upon sale of all of the shares of
offered pursuant hereto, the earnings for the month of
warrants
up
exercise
Co.]
1940
.
1,560,428
will
' :.
>'::>>7 :'7'r>v >"»'
'>
—————— $14,383,208 $14,383,208
>"">
fundable)
32,518
551,389
I
J,
;
1,494,809
ma-
4—4,—' v
accrued
Earned
37,509
-441,959
%
stock, the holders of said option warrants
Timber
Georgia
1941
20,357,978
—:
'
"
h.
5,315
-
construction
merchandise
Contributions
25,768
292,309
".
18,761
2,475,136
3,170,018
—4——————————$95,168,521 $92,782,739
Reserves
24,623
344,048
'1—
747
17,643
424,524
—^
;
>1,275,136
accrued
Total
22,170
\
216,962
;
1940
3,945,764
(including
stock—"Common
Dividends
by
' 230,904
,
I.
the 292,187 Va
'
%
—
and
.
Interest
time
$11,426
155,140
>
——^
hand
on
preferred, series D
preferred, series E__
Taxes
Net Profits
199,375
:
,
securities
and
debits
Customers'
the Pro¬
$121,965
,
V \
receivable
Accounts
largely
company
in-'
(including
deposits
retain
Net Sales
.
—
—
in
,
/
equipment
Serial bonds due within
1942, after provisions for Fed¬
31,
and
,
profits of
—J.—.'——
—
.
common
alike in
__1_-
expenses
net
-
—u—$86,219,681 $83,349,538
excess
—
♦Company
and
—
„
stock
A
share
'
discounts
and
machinery*
i-——.——
the
1942
-
sales
1941, to May
—
stock
Common
Earnings for Years Ended April 30
wholly-owned
net
for
$2,788,716
.
24,861-
1941
plant
Premium
rating of A-l-a for the
in-the general expansion of
awarded a number
orders
Cr30,028
$2,277,784
Long-term debt
already been
—
upon
I provisions
,
has
Capitalization—
July 20.
Raycnier, Inc.—Annual Report—
Consolidated
6%
preference
a
acquired
recent
stock, amounted to
option
at
be
and
'
-
—
Convertible
stock
;
closed
for
to
on
and
stock which
ferred
for
of Boehringer Corp., a
New York corporation, together with certain formulae and processes,
all to be sold in one lot.
The property has been vested in the Alien
Property Custodian by operation of law on May 26, 1942, and on
,
has been recommended by
Cr88
•
033,758
36,972
6 % preferred, series C
5%
May, 1942, based upon tax laws presently in.effect and after deduct¬
ing l/12th of the annual dividend requirements on the convertible pre¬
offers
America
of
Chemicals,
capital
this
Cr5,246
-107
Comparative Balance Sheet, Dec. 3!
Liabilities—
-
Total of 10 months
Stock—
the
Rare
the
of
of
WPB
1941
1942
/
$15.54
From
consisted
interest-^—
construction-—
—
banks
Capital
which
'
1942
mon
Chemicals Inc.—Sale of
Rare
1,
1942
common
The
1940.
common
per
to
1,
Avildsen
1941
May,
166.
156, p.
the
Profits—The
1941.
April,
of
.
Clarence
such.
as
facilities
Aug.
1941
March,
trust
share
per
sold
rates
December,
that,
collateral
$9.96
of
January, 1942
February, 1942
the- period,
:
•
assets
1941,
and
about Sept.
or
1941
October,
-
1942,
of
close
$100
per
stock
30,
June
at
■
.
share.—V.
common
ended
$193.46
to
preferred
of
stock.
common
share
months
for
on
to
funds
in
Total
of
Company's predecessor, Clarence Avildsen,
sole proprietorship under the name of
a
bond
11,962
'•
CV"33,616
———__■
on
1,396,462
6,410
116,842
the manufacture
of
consists
company
operations
taxes
tax
November,
'''
—
six
quotations
assets
$176.88
for
reports
company
on
bonds,
from
1941
Month—
Railway A Light Securities Co.—Earnings—
The
based
as
ratings
Net
and
September,
$11,064
Co.
profits tax, computed on the basis of
according to present tax laws are applicable
the company's operations until June
30, 1942, have been as follows;
to
transferred
surplus.
the
1,330,957
v
and
839,494
shares
Trust
mill
furnaces
A-l-a
August,
earned
125,000
&
premium"
as
the
were
of
and
income
the
725,195
of
Jiil/
„—
discount,
4,639.
$4,186,639-
130,927
(
shop supplies.". Company
such
eral
,1,562
*
i-
Net '■ inc.
the
Division
months
$276,742
750
$808,725
56,297
91,919
1941,
manufacturing
of
260,230
$809,475
_
Deducts,
v'
ord.
i
.
sale
Bank
7,444
$3,584,856-
683,683
design,
duction
'
133,580
1,
Sales
Deducts,
of
and
in
operations
machinery
its
.
the
National
847,000
$3,577,412 ' $4,182,000
—
———
terialsi
Company has a present blanket priority rating of A-l-a for steel, cut¬
tools, abrasives,
measuring instruments,
and maintenance and
$16,512
121,387
with
Illinois
2,669,467
1,028,000
taxes—-
Deferred
therefrom;
underwriters
392,515
1,215,455
1,728,499
Prepayments ,'—4—44——i-—
own
ting
non—
the
their
stock.
business
hardware
machine
350,983
"$18,404
by
received
connection
for
proceeds
6,152,059
1,926,759
equip.
L—
Materials, supplies
shares of
6,250
the
income
tangibles)
Accounts
sur-r
development, construction and
installation
of
drillmaking machinery and equipment, much of which is novel in principle
or
application.
The products manufactured during this period were
'
Ordinary income,
! communication
in
of
total
A
underwriters
the
is
and
-
income
Special
only
option
an
stock
1940
'
394,058
*
piant
Assets—
Cash
company
stock,
common
1941
.
6,750,258
prop.,
debt
charged
Special
of
the
high-speed and carbon twist drills, most of which are sold
name
"Century."
These drills are being sold princi¬
consumers
the
$367,495
77,050
of
interest-in
stock
the
common
A
1941.
-
—„•
of
Investments
trade
experimental and
64,743
deductions.
oper.
to
to
Aug.
1942—5 Mos.—1941
1942—Month—1941
31—
revenues.—
of
amount
by
no
Continental
agent,
commenced
Radiomarine Corp. of America—Earnings—
Total'dper.
quarters.
Dec. 26,
.
$17,799,699 $17,186,994
(net)
*•?
.
*
of
of.
May'
on
Annual Report— "
.
.
.
on
holders
to
issues
preceding
—-
long-term debt
tax
Property,
of
the'
behalf
on
conversion
behalf 'of
on
shares
offered
assets of Clarence Avildsen.
2012.
p.
made
of
offered
for
1
.v
Registrar, First National Bank of Chicago.
the
to
$49,736
for
Federal
expense; -(net.)
-Net
the
conversion
of
income
on
Interest
convertible
reserved
,
share
per
.15.
these
1,322,868
for
Donations
At the present
for
are
being
reserved
for cancellation.
being
preferred
shares
are
shares
be
sale
Republic Drill & Tool Co.
surplus..—
cents
Aug.
interest
Federal
the
.
transferred
inc.
-V. A55,
$212,036
35
on
in
....
purchased-
gas
Amortization
supply jobbers, governmental agencies,
following industries:
Aircraft, shipbuilding,
railroad equipment,
army tanks, and heavy ordnance.
The office of
the company is located in Chicago, 111.
:;
■ •'/"/'>• > > '>'>>
:
Company was organized on July 16, 1941, and began business on
Aug. 1, 1941, when it acquired the plant, equipment and certain other
2,539
—
net
the
'•
equivalent
compensation
sale of
pally
908
4,102
inc.-
—
from
2,335
■'—- '
.
the
company has
the shares of
Business—The
under
$1,456,041
$1,051,496
share
per
.
income.
Interest
Other
stock
common
of
"
,
retirement
income
Gross
.
and
Net
the
an
company
are
are
Transfer
Chicago.
$1,634,827
,
of
payable
disbursed
was
cents
•
company
proportionately
reserved
are
78,125
stock
common
Sales' will
the
convertible
'•
2,383
$310,774
of
with
the
shares
and
Gross
to
additional
non¬
outstanding
conversion
166.
Operating
warrants
t
constitute
purchase
stock
said
$1,632,444
income,
to
and
of
Ordinary
so
the-
2,800,344
for
Provision
stock
Since
company..
increasing
the
stock
common
warrants.
warrants.
connection
in
of
shares
common
14,851
$244,174
the. option
in
the
preferred stock the
its
on
thereby
upon
preferred stock and
and
account,
$1,617,593
income—„
Operating
78,125
rendered
2,386,271
of
the exercise of the option warrants.
or
of option
> warrant
$4,003,864
2,380,436
dividend
stock,
deliverable
shares
company
option
if
1942—Month—1941
stock
common
shares
156,250
exercise
Communications Inc.—Earnings—
Period Ended May 31—
A
of
convertible
the
Total
25%
a
against dilution
of-incorporation
shares of convertible
and
Prov.
were
common
156, p.
Power
•
class
the
being built by General Motors Truck &
...
the provisions
certificate
preferred stock,
company, a subsidiary of Public Service Corp. of New Jersey,placing in operation 45 new oil-hydraulic buses, it is stated. These
the first of
the
the .125,000
amount
This
are
in
'and
Public Service Coordinated Transport—Adds Buses—
is
stocks,
Maintenance
statement with respect to the
stock, option warrants to pur¬
also registered, as well as
convertible preferred
shares
comply'with
and
.
^
50
operating revenues
Operating expenses
•
been
shares, of
62,500
pale pf
on
has
2462.
p.
to
•perrec¬
issue
against
as
dividend
a
B
like amount
Year Ended Dec. 31—
.
own account.
193,750 shares of common stock and sufficient shares of
per
to holders of
15
paid
declared
common
A
Total
which are be¬
and 6,250 shares
behalf of the company,
on
connection
chase
75 cents
25.
'"v.. Rochester. Gas A Electric Corp.
-
15
July
last, '
—V.
behalf of the company will be conditioned on
on
125,000
on
July
have
and'
.
Company, by prospectus dated March 26, 1942, made an offering of
125,000 shares of convertible preferred stock (par $1); all of the pre¬
This
Pullman, Inc.—IJxtra Distribution of 75 Cents—
The directors
of
Reynolds Tobacco Co.—35-Cent Dividend—
directors
common
record
the surrender for cancellation of outstanding
option war¬
rants to purchase an equivalent amount of common stock.
Jan. 28 and April 30, last, and in each
on
capital
$5,591,541; total, $34,006,949.—V,
being offered by the underwriters for their
.
directors-
common
$963,871;
par),
served for conversion of option
warrants,
the
Puget Sound Pulp & Timber Co.—Smaller Com. Div.—
compares
'
($1
offering of 84,375 shares of common stock was
15 at $4 per share by Craigmyle, Rogers &
The offering includes 78,125 shares
originally re¬
Co.
Federal
since
X.I
share per annum),
earnings of the company shall, in the judgment
directors, warrant such payments.—V. 156, p. 166.
(R. J.)
The
the
Public
The,>sum
■
pro¬
made July
after July 20, in a judgment on the acquisition of
(which Is at the rate of 50 cents per
the
as
board of
year-end dividend of 10 cents per share was also paid on
handed down by Federal District Judge Robert A. Cooper.
of $6,250,000, deemed "just compensation for the property
Works Administrator," had been on deposit with the
property
by the
$1,560,770;
expenses,
Republic Drill A Tool Co.—Common Stock Offered—
authorised to take possession of, the
Government has been
stock
common
earned surplus,
1416.
p.
1
S.
Thd U.
$15,655,125;
par),
plus, $2,809,108;
Puerto Rico Ry. Light A Power Co.—U. S. To Acquire
'
accrued
for Federal taxes on income (less tax notes at
par plus accrued
Interest, $2,007,417), $3,592,583; property purchase obligation, $250,000;
unsecured notes payable to banks, due after one year,
$3,500,000; for¬
eign customers' deposits (contra), $83,951; cumulative preferred stock
New
.
and
payable
vision
been
Control July 20—
Liabilities—Accounts
,
the
.
1
present
on
rate
.,
,
the
of
u
policy
12V2
.
of
the board
outstanding common
1
cents
(. u
w.-j
per
,..4
share
i
total,
'
$100,161,745.
War Damage Insurance—
The
corporation
provided,
ties,
effective
»
,
that war damage insurance-has
beer
1, on all of its plant and warehouse proper
thereof, along the Pacific and Atlantic coast:
announces
July
including contents
6)
■
.
,
•?..
f
H.i
ri
ii.-j
|
.{
/,
•
i't
Volume
United
the
of
156
the
ments in
same
is provided on
areas.—V. 156,
St. Croix Paper
Assets—
V
\
Cash
and
and
accounts
may require war
buildings and improve¬
■;
■
Annual
81,
"'..'''Z.Z
'
Investments
other
in
of
455,605
'
companieS^-iu.__^---_„a^^r.ii».i,
for
general
Gross
v
$1,119,162
395.600 V
Other
in
exceeded
468,063
623,308
940,423
981,774
$175,413
$160,788
$178,738
$125,082
;
61,853
70,322
$249,061
$227,291
.141,870
154,597
73,875
80,356
•V$33,316
+$7,911
,
/
.
i
>
-m
,
'
Assets—Cash, $3,368,871; notes and accounts receivable, $2,634,392;
inventories, at the lower of cost or market, $3,764,459; pulpwood and
lumbering operations in progress, $384,652; cash surrender value of life
insurance policies, $374,274; investments—at cost or companies* valu¬
ations, $3,386,265; land, buildings, machinery, equipment, timberlands,
102,209
$222,641
.156,423
55,851
1941.
Consolidated Balance Sheet Dec. 31, 1941
'
—1
income
of the company In net income of foreign sub¬
and foreign associated companies, exclusive
enemy-occupied countries written off to income in
dividends received from such companies by approxi¬
consolidated
$1,106,855
1,229,763
■.___—
1941,
$784,096
:/
$643,476
——
equity
not
investments
mately $82,000 in
1938
etc.
expenses,
Years
&
oper,
revenue
Calendar
1940
1939
$312,614
—- __■
Note—The
Sub.)of
Income Account
—
sales,
(&
261
sidiaries
'
•
...
;
receivable
'
Tnventories
Cost
Co.
,
1941
sales
Pacific
&
^
Consolidated
Net
15)41
.
Rocky Mountain
Report—
;Z
Sheet—';Z,:V
Sheet, Dec,
St. Louis
••
occupancy
.
store
85.
p.
securities
Notes
retail
Co.—Balance
Balance
*\
terms of
the
where
States
insurance
damage
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4091
"
-
Deferred
expense-
17,950
v
Plant, timberlands, etc.
Total
.
7,185,645
„
'■
'Treasury- stock-
Int,
53,960
income
chgs. & oth. deduc.
DepreCi,
and
Provision
Total
1..^—C4.4---Z.-
t/; $71,244
__
payable
for
Reserve
-V.
li";
'U-'-lV--L:
Total
150,
Shares
.V::
Lawrence
Income
'Income
Year
the
for
Ended
"Provision* for
Federal
tLoss,
company.
$9,651,137
■;;VV'/v'/'/;■.■;
bond
Dec.
31,
15)41
■V
Sundry
tion
1,868
loan——.i
:
of
and
Jan.
506
coal
1,
ment
$579,739
class
preferred shares..
A
Balance
Assets—Investments
written
y'y: '
in
subsidiary
companies
V/o
$14,473,850;
par),
dividend
bank
(at
cost
amounts
less
*"
(579,576
stock
common
preferred stock ($50
par shares),
$579,576;
Jan. 15, 1942, $72,369;
no
payable on class A preferred stock on
(secured), $293,359; capital surplus arising on purchase and
loan
cancellation
$26,298;
of
class
.
A
of
'/>, ;
Statement
miscellaneous
and
coal
investments
rights
(less
less
(at
for
reserve
than
operating income—
Operating cost
payable,
from
St. Lawrence Paper Mills Co.,
•
Div.
on
Lake St. John
liabilities,
for
$93,649;
Federal
and
accident
State
1940
;
Pow.
&
f
Other
-
1
44,282
40,648
v
732,789
$230,340
_!
income
Total
Other
$840,297
Z
income
:
-
$62,099
,
:
—,
.
301,531
239,432
539,717
18,935
;Z
tax_4-4---i-i-4'
iiwi.... $563,581
Surplus
:
3,787
$539,717
,
$301,531
w
'
; $334,257
^Including $709,406 premium on U. S. funds (against $585,635 for
previous year) and after executive salaries of $35,189; directors' fees
$2,930, and legal fees of $2,558.
(Dividend, in respect to 1940 oft
$6
per share
on
preferred stock, all held by St. Lawrence Paper
^Preferred dividend of $3 per share paid in 1941 and 75c per share
payable Jan. 15, 1942, and including U. S. exchange of $6,286 on
dividends to U. S. shareholders.
I
230,611
Balance Sheet Dec. 31
,
*-
1941
5
$5,552
*'647,084
receivable
Accounts
i
1940
$767,442
'■
<-•
Accounts
528,415
receivable
530,546
Inventories'
•030,907\:
,487,935
Investments
2,150,002
,150,002
Deferred chages ..n..—
Fixed assets
(net)
67,760
9,915,737
76,810
Total
Bank
—
<
loan'.
Accounts,
540,700
payable;
for
Reserve
for
Reserve
366,401
for the year
J—/
y
$281,780
$13,347 '
The
$148,828
*
/
/
330,306
270,863
payable—
t
104,022
52,166
70,673
52,166
13,718,100
13,980,100
514,675
514,675
contingencies-
Preferred
stock
JCommon
stock
Capital
v
surplus
Earned
—
surplus
amount of $536,279 due by Hearst Companies of which
represented by notes and the balance by an open ac¬
an
$385,873
is
receivable
agents,
$15,962,661 $16,474,703
-
"■Including
145,920
V 539,718
t T. 563,581
Total
count
t
313,410
———
of
$150,406,
(514,675 shares of
(St. Lawrence Sales
par
no
Co.
Limited,
value.—V. 155, p. 2462.
steps
Gross
■
Account
For
The
Year
Ended
Dec.
31,
1941
earnings
:
Expenses
$1,425,742;
859,713
4..;
'•
54,376
Profit before interest_
$511,653
'
5,125
i----———
Provision for Federal ineome and excess profits taxes.
164,200
($1
par), $585,217; paid-in surplus, $1,645,810;
$2,185,542.—V. 162, p. 3984.
■
-
deficit,
profit to surplus__—:——_—-
-
380,367
$0.47
Earnings per share
Balance
Assets—Cash,
$7,936;
Sheet Dec.
31, 1941
703;
U. S. Government securities—at cost,
516;
plant and
(less
for
reserve
prepaid charges,
payable,
Federal
common
$6,517,222;
buildings,
depreciation,
$3,533,830),
$719,369;
total assets, $7,820,895.
pens.,
deferred
etc.,
and
j
'
.
>/\V'
payable, $280,000; accounts payable, $20,475; divi¬
155,
p.
(906
shares, at cost), $58,890; total liabilities,
1317.
$7,820,-
K.
loan
Ferguson stated in
from
income
aAfter
first
was
placed
$300,000
agreed
loan
on
tax interest.
April 30—
1942—Month—1941
San
temporary
a
Antonio
court
purchase
Public
order
Co.
Service
further
against
the city of the com¬
/.v//;. ,/■
\ • s ■■■ :
application of the Guadalupe-Blanco River
or
by
the
property
were
proposed
to
be
$9,840
1942—4 Mos.—1941
$422,570
basis
2V2%
at
beginning
April
by
issued
the
plea
of
the
C.
permanent
a
Jeffrey.
•
injunction is to be held be¬
'
7 - 1% ■
...
to the City of Sgn An¬
,
the
sale
of
the
into
entered
were
for
M.
July
13
when officials of
utility
signed
a
an
Additional
earliest
At
the city
contract under
the
and.repre-,
terms
of' which
Light & Power currently is undergoing dissolution in conform¬
the "death sentence" provision of the Public Utility Holding
Act, and the management of the top parent concern has
indicated
that other holding units in
the system will be similarly
liquidated to meet the requirements of the Act.
the
1943.
remaining
Company
San
payable
annually,
Furthermore,
it
of
the
the
consolidated
net
6%
the
on
loan
term
be
will
applied
in
3,600
shares
of
stock
common
Cost of
on the books of the company
at the nominal amount of $1 as of Jan. 1,
revalued
In
restating the
the loss
value
company's
earned
deficit
earned
the
amount
the
on
foregoing
books
of
the
investments
the
company,
Net
was
charged
against
Other
of
securities
is
amounted
accounts
There
Dec.
1,000,000 shares of The United Corp.
v/-.v-V;;
has been
in
made for
enemy-occupied
remain
now
holdings
the
At
still held
company
Provision
1941.
books
full write-off of the
countries
in
the
31,
of
no
longer required it.
-
V
to
and
royalties
associated
and
rentals
>
and
depreciation,.—-.
1,090,439
$6,323,873
$3,447,639
105,692
149,58A
indebtedness—
30,533
617,189
:.;■
1,503,857
26,281
.
13,420
"v
15,923
422,256
436,100
65,750
66,888
1,696,003
amortization
less
-
$410,535
assets,
1,526,920
19,307
19.79G
132,387
123,996
$5,238,935
$4,897,071
$103,340
$62,387
——
^
Total'
Liabilities—
Accounts
"
payable
Accrued
v
7
4/-
—
expenses
Accrued
o
1,149,031
employees'
1940
1941'
$154,025
:
Deferred charges
Ended Dec. 31
1940
7—
——
and
and
..■/", 155,004
>,r 525,380
2,024,870
insurance
117,032
taxes
reserve
-r-
112,630
92,085
—
200,052
2,224,000
7-7--—
79,217
•291,517
'
stock
Common
$30,000,160 $21,365,149
22,527,256
16,827,071
//77
■
Patents,
7
$2,301
1941
Balance Sheet, Dec. 31
.
Cash
Fixed
the company
(including
"
//^Assets—
Tax
expenses
for
775
,
1
.
company)
$642,052
.
income
Officers'
$183,672.53.
1941
sales,
113,496
+ 188,417
.$706,477
profits taxes
—-7-_
Investments in and receiv. from foreign subs.—
Investment in securities of other companies
'
Consolidated Income For The Years
Net
102,493
491,000
;
excess
interest
Inventories
As a further step in the simplification of the
company's corporate
structure, Bates Valve Bag Corp., a wholly owned subsidiary, was dis¬
solved at June 30, 1941.
A Bates Valve Bag Corp. property located
in Chicago, 111., was sold at a loss of $251,243.23.
The sale of the
the operations of
79,590
$944,740
•Includes
Life
against book values aggregating $574,000
according to the latest available statements of these foreign companies.
as
67,090
$1,299,969
'
$244,337.43
property seemed advisable inasmuch
$865,150
-
Accounts receivable,
1941
common
investments
amount
30,308
$1,232,879
-
Investments ;
in the foreign investment account
only the com¬
Argentina, Brazil, Colombia and Australia carried
in
at
a
34,335
share
$2.54
$39,063 dividends from foreign subsidiaries for
$54,729 for 1940. tNo provision for excess profits taxes,
)
computing Federal income tax, the loss on these
to $4,746,725.88, as a result of which no
provision
required for Federal normal income tax in
146,834
costs
Earnings per common
capital surplus
However,
the
4,058,966
164,039
expense
expense
Net
company.
1941 the company sold on the New York Stock
Exchange 341,166
shares of The United Corp. common stock at a loss of
$385,412.67 in);
excess of the restated value as approved
by the stockholders.
of
1940
$5,101,258
thereby
the
purpose
1941
4,608,323
—
——
Federal income and
In
the
Z
;7;"7;'■
income
Minority
full amount
the
:
operating expenses
profit from operation
Total
1, 1941 was eliminated and the
the restatement of these investments in
from
$15,332,301.72
entire transaction/ according to the deal, would
the sale of revenue bonds by the city.
—
•Other income
4,056
at $220,560
and
An¬
$6,039,576
and
Amortization
surplus at Jan.
resulting
of
the
of
sales
Depreciation
Carthage National Exchange Bank,
Carthage, New York, carried
was
and
San
through
■■Net "sales;. A—
carried on the books of the company at a total valuation of
$16,553,was restated
in value to the market price at Dec. 31, 1940 or
approximately $1,845,000.
The investment of the company in 230,000
shares
(28%) of the common stock of Taggart Corp,, carried on the
books
of
the
company
at $5,642,843.97 was revalued at $1,295,000
representing the book value of Taggart Corp. at Dec. 31, 1940.
The
investment
and
Sangamo Electric Co.—Earnings—
503.93
shares of "B" preferred stock of the
Traction
&
2372.
p.
Years Ended Dec. 31—v
meeting of stockholders held July 31, 1941 the invest¬
1,341,666 shares of the common stock of The United Corp.
company's
/•,,7...;.^/
Light
the city would retire the utility's $4,500,000
$1,300,000 serial debentures and $16,500,000 first
stock,
accomplished
155,
American
city would purchase initially the entire issue of
Service common stock, totaling 83,000 shares, for
Thereafter,
preferred
be
V.
the;
on
the
Public
mortgage bonds.' The
maturities.
in
ment
paid
amounts
between
deal
officials,
Antonio
$10,000,000.
was
reduction
the
Under
tonio
loan
the
with
ance
special
a
Operating
Other
income
income
2,224,000
surplus
284,637
284,637
2,126,324
1,934,147
$5,238,935
Capital
Earned
$4,897,071
surplus
—h-—
Total
•Less U.
S. Treasury notes
of $200,080.-r V. 155,
240,664
credits—
The trustees have petitioned Federal Court at St.
Louis for authority
semi-annual interest due Sept. 1, 1942, of $20 on general mort¬
gage 4% bonds and $25 on 5%
income bonds of Kansas City, Mem¬
phis & Birmingham RR.—V. 156, p. 166.
San Francisco Bay Toll-Bridge
Statement
Gross
income
Income
St. Louis-San Francisco Ry.—Bond Interest Petition—
;
company
would be transferred from private to public
ownersfyi} at, an
price of approximately $34,600,000.
77-,7;,,," J^,v
7
Company is a subsidiary of American Light & Traction
Co.',./which,
in turn, is a sub-holding unit in the United
Light & Power Co. "system.
concluded with
were
interest
1,
company should apply toward
additional
amount
equal to one-half
+$74,735
interest, depreciation, taxes and income
,
the utility
earnings of the company for the preceding year after deducting $600,000 for
the
regularly scheduled payments and a further allowance
limited to $450,000 for dividends on preferred stock paid or declared.
sales
tLoss.—V. 155, p. 2099.
the
and
by
p. 2189.
■
*
Co.—Earnings—
—$137,121
pay
14
condemnation
United
the
income
$6,429,565
charges
Federal
to
term
a
semi-annually
that
z
mortgage bond,
July
purchase of
on
sentatives
follows:'^
National
Provision
Period Ended
part as
$4,500,000 to $2,400,000.
Arrangements
City Bank, New York City, whereby
the
Costs
•Net
Antonio
San
the
District. Judge
tonio
the year 1941 the entire outstanding funded debt of the
consisting of $1,209,000 Grates Valve Bag Corp. 6% debentures
due Aug. 1,
1942 and $60,500 Diana Paper Co. 6%
1st mtge. bonds
due
1942-1946
was
called
for payment
at a premium of $8,192.50.
Furthermore, during the same period the company reduced Its bank
accrued
St. Louis Public Service
City Is Halted
tyi'y' v/:;>///•</
Authority—
Arrangements for
St. Regis Paper Co, (& Subs.)—Annual Report—.
R.
local taxes, payroll, etc., $114,063;
income and excess profits taxes, $167,161; reserves, $90,935;
stock (73,098 no par shares), $3,655,000; surplus, $3,461,912;
$90,240;
Treasury stock
895.—V.
property,
$52,056; Inventories; $38,$11,000; investments, $416,-
for
Hearing
tv,»; During
on
$58,093;
Liabilities—Notes
dend
;
accounts receivable,
investment
'.tk V' W
'
) >
over-all
pany's
■
.deficit,
companies,
;
"
^
_
$342,329
.1
and declared
paid
other
0
city and the Guadalupe-Blanco Authority and the latter has
mandamus suit in the State Supreme Court to force the' Attorney General to approve its issue.
$657,345; total,
-
-
stock.
Net
Bonds
fore
for
Dividends
of
.
pany's electrical properties,
The order was granted on
Authority, also negotiating for the purchase of the electrical system.
The authority contends its rights to acquire the properties are superior
to those of the city by constitutional mandate.
■!■-...
Liabilities—Notes payable, secured, instalments due within one year,
$171,315; accounts payable, trade, $15,595; due to GulfboaTd Oil Corp.;
$11,750; due to officers and employees, $453;-accrued taxes,"other than
Federal
income taxes,
$21,356; accrued interest, $10,158; long-term
debt, $112,625; contingent accounts payable, $268,609; common stock
of
Depreciation
Interest charges
406.
the
absorbing
St. Louis National Stockyards Co.—Annual Report—
Income
stocks
of
p.
a
selling
1
of
toward
both
the
;
City
.restrained
were
Sheet, Dec. 31, 1941
filed
359,888
taxes—__
income
dividend
Preferred
sum
,697,443
$15,962,661 $16,474,703
——
—
Liabilities—
1
■
(unrealized)
total,. $7,007,599.—V. 153,
Plea of River
on
company
Assets.
,
Cash
.
San Antonio Public Service Co,—Sale to
$81,783
347,604
.
530,538
of
*
'
,
depreciation
032;
payable only from production (contra), $268,609; total, $2,185,542.
$62,099
;
year's
'•'22,786
'$173,145
5,238
$1,412; deposits refundable, $925; fixed assets, at cost, partly hypothe¬
cated
(less
reserves
for
depreciation and depletion, $495,763), $1 A
783,565; patents and patent. rights
(less reserve. for amortization,
$29,253), $41,358; deferred charges, $7,065;. contingent leasehold costs,
$223,038
t.—
-
$76,545
,
25,617
$578,290
'"355,252
i 1521,765
$23,864
balance
v
/$248,758
deductions
$211,517
122,740 ■
.
18,417
Assets—Cash
in ' banks,
on
demand, $9,758; accounts receivable,
trade, $44,836; inventories, crude oil,.at market value, $5,138; materials
and supplies, at cost or less, $22,875; due from officers and
employees,
752,581
•
Prior
23,858
•$618,924
.
267,076 Z.
>: $545,629
1
Surplus
Previous
income
<
operating income
Loss
yy 325,000
/'*■ Net profit.
Adjustments
116,746
$150,360
.
1939
$1,618,804
'
dividends
833,021
•$642,782
Z
,
+108,000
$1,647,404
732,493
Depreciation
Preferred
'■•539,631
"
i
—
»p940
$806,736
784,349"
-
Balance
Depletion
"Income tax
1941
$974,587
Net income before Federal taxes on income—
Provision for Federal normal and surtaxes—
Pap.
Total income
'•
;
income,
on
■
$840,297
$1,618,804 y
'
compensation,
taxes
Ltd.—Earnings—
-1941
*
-
L.
Ltd.
Co.,
-
-i_-—--A-—- ♦$1,539,404
profit
'
Expenses
";
/" Net operating income——————
dividends" payable,
$17,932;
and
Income
Depletion, depreciation and other charges./
cost),
depletion
of
Years Ended Dec. 31—. Z" -v
— ZZ-Z'-Z'
;
Gross
for
Years End. Dec. 31—
1^,1941),
'
Saltmount Oil Co.—Annual Report—
Z%. Z
U'Z
.
Other
i
Jan,
> ■"
$17,589;
.7,767
\
'
payable, $5,480;
Net income to surplus-—-•!
$29,825; accident '
"
A.—.
$618,924
$165,378
compensation payable after Dec. 31, 1942, $5,465; bonded-indebtedness, v
^Deficit. '
"
$1,998,000; deferred income (rentals), $2,381; 5% non-cumulative pre—/
<
Balance Sheet, Dec, 31, 1941.
/
ferred stock ($100 par), $1,000,000; common stock ($10
par), $1,000,000;
./ Assets—Cash on hand, $50,590; marketable securities, $390,012; notes
capital surplus, $1,081,251; earned surplus; $133,603; preferred stock at"
receivable, $22,084; accounts receivable, $94,413; inventory, material
cost (4,455 shares), $129,910;
total, $5,255,266.—V. 154, p. 1685.
and supplies/cost, $2,455; investments, $27,179;
fixed capital assets,
net, $6,335,475; other assets, $55,356; suspense (contra) account, $32,*
Salt Dome Oil Corp.- -earnings032. total, $7,007,599.
'
Z; Years End. Dec. 31—
1941 Zii
1940
£Zi-1939"Z«
Liabilities—Accounts payable, $10,345; taxes accrued, not due, $1,232;
:•
Operating income
A--.
$582,181
$570,251
notes payable, $2,899,000; suspense (contra) account, $32,032;
$411,775
capital
<
i
Operating charges
,' 351,841
358(734
stock ($25 par), $4,740,500; earned
335,230
surplus, deficit, $374,675; provision
Net
Operating
(since
subsidiary
"V
v
hand, $470,973; cash in banks to meet
on
■
stock, $293,626;. earned surplus,
155, p. 2462, 1317.
V. 154, p. 1496,
preferred
$15,739,079.—V.
total,
surplus; $6,046,686; earned surplus
total, $41,407,863.—V. 155, p. 1685.
.
(less depreciation), $1;Co., Ltd., on Jan. 15,
.
capital
$3,209,501;
Nil
$160,187). and real estate, $3,933,525; plant and equip¬
reserves
for. depreciation, $1,334,908),
$443,002; prepaid
premiums/etc., $7,303; total, $5,255,266.
V
provision
convertible
cumulative
A 4%
Liabilities—Class
570;
88,450
-
1932,
accrued
!:'
■
•
$206;
lands
Liabilities—Accounts
receivable from Brompton Pulp & Paper
$74,527; total, $15,739,079.
1942,
income
on"
.
579,221
—
Sheet, Dec. 31, 15)41
off), $15,664,551; furniture and fixtures
dividend
taxes
(less
insurance
on
State
Consolidated Balance Sheet, Dec. 31, 15)41
bonds,
$2,291;
14,100
■ expenses
Dividends
88,300
Nil"
.
Nil:
interest, $53,150; marketable securities (at cost)/-$161,348; ac¬
receivable, $72,794; inventories (at cost), $58,209; notes receiv¬
plus accrued interest, $52,465; sinking* fund deposit for redemp¬
able,
$596,214
^
bank
on
Nil"
■
counts
■Taxes
Interest
terms loan payable to bank, due 1943 to 1946,
deferred • credits, $14,605; reserves for self-insurance/!etc.",
$306,177; -preferred capital stock of subsidiary $720,400; 7% cumulative,
preferred stock ($100 par), $4,315,800; common stock ($5 par)..$20,603,r-
'
86,176
"
'■
excess
$2,400,000;
34,866
100,000
share
payable, $1,364,638; accrued taxes (including
profits taxes), $2,278,350; other accrued
income and
*
Corp., Ltd.—Earnings—
Statement' of
Liabilities—Accounts
r- >
45,018
($1-
•—
Earnings per
reserves for depreciation and depletion,
patents,
licenses,
trade-marks, etc.; (less
charges,. $193,754; total, $41,407,863.
deferred
accounts, $148,134; 2'/a%
41,917 '
Assets—Cash in banks and
St.
$6,458
27,725 "
—
stock
com.
par)
500,000
2,500,000
2438.
p.
%
etc.' (less
$27,026,809;
amortization), $274,387;
•250
1,
1
•
stock
Common
dividends
v- 2,429,511
__
59,760
* 1,331 ,'.i.
$22,410
dividends —
Common
4,112,249
depreciation and taxes—
profit,.-—Z_—
Preferred
38,133
^
Preferred --stock
■
49,535
taxes— y-..;
rights,
water-power
$14,586,257),
$2,084,795
Net
payable
Dividends
depletion-
foy
"
157,987
$9,651,137
Liabilities—
Accounts
> $231,263
Canadian
and
$3,688,303
——-r
1,138,132
excess
profit taxes——.
1,800,000
other
232,979
$3,272,542
$2,136,054
44,461
48,949
$3,228,080
$2,087,105
foreign
income
taxes—.
Total
revenue
for the year
Net income
on
the
Year
Co.—Earnings—
Ended
!
—
preferred stock of subsidiary
applicable to parent company—
,
——
March
31,
1942
$260,599
—
117,929
Profit from operations
Provision
Net income
Less—dividends
for
741,000
218,891
Income
578,269
;—
and
of
for amortization
Reorganization
Provision
Loss
for
$142,670
—
and
depreciation of property
.
137,429
4,637
expense
income
interest
v
—
after provision for interest on income bonds_^
—
129,090
$128,488
262
THE COMMERCIAL & FINANCIAL CHRONICLE
Balance
Liabilities—Accounts
Sheet, March 31, 15)42
$315,345;
Assets—Cash, $72,536; accounts receivable (less reserve for doubtful
$492),
$5,197;
property
(less
reserves
for
amortization
and
depreciation, $1,789,145), $4,784,355; deferred charges, $24,986;
and
accounts,
total,
other
stock
mon
trade,
$292,807;
accrued
liabilities, $119,201; reserve for
$249,986; reserve for deferred rental,
(240,000
no
shares),
par
liabilities,
Standard Brands, Inc.—New Dividend Policy—
contingencies
$3,250; com¬
The
only
$3,000,000;
treasury stock (4,585
total, $7,862,353.—V. 155, p. 2463.
$57,312; surplus, $3,939,076;
shares),
$4,887,073.
payable,
current
development,
Mpnday, July ,20, 194,2
directors
the
at
told the
Liabilities—Accounts
and
personal
$14,500;
payable, $9,329; estimated accrued real estate
taxes for fiscal year ending June 30,
1943,
payable (less cash on deposit with trustee
property
for interest, $455), $3,910; income bonds, $4,303,000; reserve for cumu¬
lative
income
interest,
$53,787;
reserve
for extraordinary
repairs,
$1,260;
in
Manager
addition
Reynolds
accumulations
holders
to
of
July 15 paid
the
on
record
dividend of $1
a
cumulative
$6
July
11.
A
similar
share
per
preferred
stock,
distribution
made
on
Gross
earnings
Net
income
after
all
ended
year
charges
Dec.
31,
——
Balance
(net)
sinking fund
___
charges
__________________
of
$1
op
cents
Utilities
;5%
$277,669
____
mortgage bonds_____
preferred stock (5,591 no par shares).
Common stock (110,000 no par
shares)-.
surplus
notes,
57,946
dated
30,
1937,
the
for
of
payment
last.
1942—Month—1941
,/
1942—6 Mos.—1941
$1,473,425
'
_•
$8,796,654
earnings
—
Public
the
•the
the
common
Aug. 6.
•while
have
stock,
declared
$10,
par
payable
A similar distribution
Feb.
on
paid
in
Aug.
1941
1942
were
15, $1;
14,
as
.dividends
payment
a
15,
of
Feb.
15
Surplus
/,..'■
plea
15,
cents
50
40 cents.—V.
on
in
■
of
May
_
737,856
626,870
57,805
583,437
533,625
$129,141
$112,191
$1,110,199
30
of
the
plan
a
committee,
The
plan,
Tc
at
the
presented
of
committee
given
by
submitted
Robert
K.
Operating
cents;
114,601
1,051,436
1,028,250
$11,687
*$2,410
$58,763
$11,725
be
to
the
distribution
of
by
Taxes
the
Fry,
securities,
Interest
JVIr.
Fry
nounced.
been
General
acting
chief
as
-seyeral months
Who
'
died
At
June
on
General
of
Other
said.
within
Wood's
by-laws of the
continue
the
to
serve
officer
illness
of
of
Chairman.
as
the
mail
Thomas
J.
order
Carney,
Other
He
it
the
is likely
present
presidency
company
was
that
directors
will
Executive
no
Chairman
of
in
accordance
Board
there
the
assumes
not
was
in
presidency.—V.
revenues
If
the
on
in
stock,
common
6
declared
$4,
par
and
dividend
a
of
15
share
the regular
quarterly dividend of
37V2 cents per share on the 6% cumulative preferred
stock, par $25,
both payable Oct. 1 to holders of record Sept. 10.
Distributions of 20
cents per
share
last, and
on
were made
Dec. 24,
quarter
from
p. 2013.
;
Dec.
on
1941,
24,
.,\',/
as
1939,
y
the
compared
to
v\
stock
common
and
;
,./.
with 25
including
cents per
Oct.
1,
of
debt
.
155,
V...-.:
Seiberling
Metal Products Co.,
manufacture!
will
be
of
headed
metal
by
J.
P.
Co.,
with T. K. Seiberling
Secretary-Treasurer.
The company has leased
and
equipment
begin within
—V.
a
are
few
which
casings
for
Seiberling,
as
a
will
have
a
Vice-President,
and
J.
plant in the Wooster
now
being
months, or
procured.
as
plant
in
Ohio
for
soon
W.
area
Production
as
Dessecker
and
is
installations
to
lAnd
Its
Wholly-Owned
Years End. Apr, 30—
Gross
sales,
less
1942
'
'
1
Gross
—V.
Federal
with
income
the
Revenue
for
excess-profits tax
be
tax
due.—V.
$7,780,422
$8,950,523
6,417,443
sold„
profit
5,470,712
.6,524,718
$2,435,160
gen.
expenses
Profit
Other
income,
come
less
certain
r;
oil
leases
■■•./>■
:
for
income
1,878,122
2,001,772
2,229,770
$307,937
$196,035
156, p.
of
been
$238,965
periods
$43,422
share
per
stock
129,958
170,951
231,600
$437,895
$366,986
$275,022
11,152
Assets—Cash
100,000
162,200
86,032
~76~041
21,079
$251,862
$279,793
179,780
119,905
during
$1.05
$1.17
hand
ties, at current market
and on deposit, $869,491;
quotation, $305,806; U. S.
$10,790;
notes
on
and
receivable,
trade
1942
Total
bonds,
reserves), $1,-
Other inc.
and
July 7
$21,981
*$28,120
y/./"/
.'T/'/y./y, yy
;
,-y//;■..'.,
,y-:v
v;y/'
-'
1942
1941
1940
1939
value
sh.
per
//
:
$54.79
Balance
:
$59.64
1942
1941
made,
$57.43
$64.00
\.$
•
Liabilities—
-
:'
company
an
i
declared-J/..
stock
$
f
88,439,193
$440,078
1942
and
$31,569,992
Orcutt
B.
155,
has
been
appointed
1519.
p.
$441,009
June,
Bros.
to
1942—Month—1941
42.10%
were
under
those
while furniture
53.69%'
14.66%
$124,277
$632,605
below
those
of
the
/
v
1942—6 Mos.—1941
$2,744,992
of
the
same
of
the
$3,733,818
month
current
last
year
same
for
The
the
volume
decrease
first
six
for the period.—V.
reflects
in
155,
decrease
a
of
32.17%
electric
appliance net sales
while furniture sales
months,
p.
for
the
amounted
decreased
2373.
/
,
.
$125,625
W. Miller has joined the executive staff of the
company
its legal department.
Mr. Miller was formerly associated
-Chicago law firm of Tenney, Sherman, Rogers & Guthrie.—
head
pf
the
1,348
V.
156,
86.
p.
-
'
■■
profit
11,537
Common
193,010
12,848
Earnings
$101,239
1942
Shoe
per
due
in
day.
in
ac¬
(less reserve for
depreciation, $546,996), $528,938; intang¬
ible assets, $2; prepaid expenses and deferred
charges, $26,893; total,
1941
$891,457
423,014
423,014
depreciation,
depletion,
$7.61
$2.11
_______
intangible
development
expenditures,
taxes, etc.
,of
.crude oil for May, 1942, averaged 31,455 barrels a
.with an average daily production of 38,733 barrels
Current production of crude oil, it is stated by W. M.
Keck, President, is reduced because of lower allowables.
connec'-
$148,127;
outstanding
share————
income
Production
cash
Division,
1942
$3,219,748
______
shares
"After
Federal
/':
Earnings—
9 Months Ended May 31—
"Net
$551,432;
manufacturing division inventories,
inventories, $852,893; other assets, $74,819;
division
Assistant
William
as
ins.
29,
and
Stores, Inc.—June Sales Off—
sales
26.48%
67.33%,
60,214
3,653
banks, $460,822:
Marion
155, p. 1606.
"■>/■/■■'
$366,307.;
1942,
$174,941
of
(Represented
y Stewart-Warner Corp.—Legal Dept. Head—
surplus
and in
Comptroller
while the net sales for the first six months
month of .June.
$184,491
57,244
19,467
receivable
1941.
/y
Superior Gil Co. (California)
hand
in
par shares.—V.
no
1,167
counts receivable (less reserve for
discounts and credits $557),
ptber accounts receivable, ;$.14,228;
fixed assets
in
period in 1941.
/ It was further announced that electric appliance net sales and sales
.of merchandise not now being manufactured reflect a decrease of
$183,324
$387,418
Balance Sheet, May
retail
$33,245,492
sales
were
575,852
_/;
on
2,846,090
$30,607,057 $33,068,331
—
Period End. June 30—
Net
year,
$383,765
accounts
189,527
—
Sterchi
1941
'
2,930,097
and miscelh charges)
with
86,000
29,800,662
__________
:
'.Treasurer,—V.
y.;:
705,464
-
_
—
life
41,16?
273,453
29,773,327
Steinway & Sons—New Comptroller—
wi'th
exp.,
..<•
$48,293
37,877
37,200
273,701
by 547,402 in 1942 and 546,905 in 1941
(incl. fire loss recoveries unallocated
Assets—Cash
$268,090
_______________
dividends
"At cost:
;
931
interest
25,382,734
fee
Total
May 29, '42 May 31, '41
$6,082,484
$3,689,273
profit
(inch
174,042
'
.,
4,936,942
expenses
miscellaneous credits)_____
1941
$7,511,555
)
-
r
payable
for
.'
discts., returns and allowances
income
Tw
1942
24,539,570
receivable—
174,579
>•
$30,607,057 $33,068,331
Reserve
is
serial notes by the
SEC .also author¬
3,331,613 124,627,346
sold
deductions
30
$5,892,908
it
as
1942
•
$
v
Sheet, June
Jan. 1 to July 7-—
Provision for Federal taxes on
earnings—
This
compares
1941.
May,
Current
assets as of May 31,
1942,
were
reported
liabilities
current
were given
as $2,652,670,
.capital of $9,046,716.—Y. 155, p. 1607.
as
indicating
$11,699,386 and
a
net
working
$3,66?,504.
Liabilities—Notes payable, banks, $1,015,000; accounts
payable, trade,
$176,736; provision for accrued taxes, $307,683; other accrued
expenses,
$47,762; due employees and officers, $25/648; other
liabilities, $1,835;
reserves for
fidelity insurance, $2,103; common stock (266,799 no par
shares), $1,166,328; capital surplus, $1,749; earned
surplus, $917,661;
total, $3,662,504.
Sales
The
of
Superior Portland Cement,, Inc.—50-Cent "B" Div.—
The directors have declared
olass
June
27,
12.27%
above
those
for
the
weeks
ending June 27, 1942,
corresponding period of 1941.—V. 155, p. 831.
same
four
19.33%
a dividend of J50 cents per share on the
stock, no par value, payable Aug. 1 to holders of
Distributions of like amount were made on this issue
,1, last, and on May 1, Aug. 1 and Oct. 28, 1941.—V. 155,
common
July 23.
May
on
1607.
p.
(James) Talcott, Inc.—Earnings—
reports sales in its retail stores for the four weeks
1942,
and for the 30
B
record
Higher—
corporation
1941,
6 Months Ended June 30—
-weeks
194?
Provision
for est.
Federal normal
inc.
&
surtax
1941
$461,690
Operating net profit——
ahead of
Period End. June 30—
Sales
ceivables,
share
property, plant and equipment (less reserves for
depreciation, $2,142,039), $1,549,347; patents, trade marks and manu¬
facturing rights, $6,387; prepaid expenses, $102,085; total, $7,862,353.
Estimated net
Spiegel, Inc.—June Sales Off 26.3%—
inventories,, at the lower of cost or market, $3,066,065; other
(less reserves, including $4,893 of current accounts with
affiliates, not consolidated), $57,854; non-current investments and re¬
current assets
546,905
$66,476
;
$351,723
207,800
104,800
$253,890
$246,923
securi¬
savings
674,002;
$320,526;
$518,785
546,905
for .taxes
/-'y'';/'-,
operating profit (before depreciation )__
for deprec., obsolescence and amort-
Operating
the
marketable
tax
(less
$568,886
546,905
value—$29,990,189 $33,619,418 $31,406,915 $35,004,461,
putstdg.____
547,402
546,905 /
546,905
546,905
tCommon
Provision
ending
$0.57
48,128
105,777
six
Reserve
cash.
______________________
on
$1.54
50,088
103,200
$613,381
' $288,829
such
SEC Approves Note
Operating profit
operating revenue—
239,650
6,000
v
$833,932
Z
Management
167.
Other
$135,765
___.
accounts
112,178
180~b<)6
$672,690
:
96,237
in
Accounts
was
'"/;.• yy/zy yy
167.
goods
$1,004,351;
Consolidated Balance Sheet, April 30,
-
$1,769,365
1,725,943
$362,660
238,571
__
Dividends
capital
$2,425,805
$704,860
profit
Earnings
above
effective
has
p.
—
$13,170
4,959,165
_______
26 Weeks Ended—
$8,447,122
6,677,757
147,822
portion -of loss on liqui¬
dation of subsidiaryProv. for contingenciesPrpv. for Fed. inc. taxNet
156,
"/;.
.
earnings
exp.
in¬
deductions
Total
$2,309,710
$557,038
&
the
Acts
will
Gross sales less
tion
Selling
for
such
no
Net income carried to
$8,852,603
Cost qf goods
Gross
tax
Spencer Shoe Corp. (& Subs.)—Earnings—
and
allowances
54,263
Total
5.
j
Period—
'
Subsidiaries]
1939
f
$672,690
$722,174
$763,942
90,645
545,103
the
Edwin
completed.
1940
1939
$722,174
—
holding
Total
1941
v
//
1940
•
33,975
v..
Accounts nnd dividends
"Securities
dis¬
returns
counts,
■:
$763,942
Cash..
/ 7,890
$.277,091
for
accordance
in
Income
Retail
1941
v
Cr9,861
8,313 /i'
y /
Southern Ry.—Earnings—
155, p. 268.
Selby Shoe Co.—Earnings—
•'
•..Assets—;
10,210
•'/'/
interest
machinery
expected
are
as
Corp.—Earnings—
$958,552
taxes—_
—y.
asset
/
33,958
Cr6^61
.
_A—
The SEC approved July 9 the sale of
$500,000 3 %
Cost
munitions, has been organized.
President of Seiberling Rubber
in
much
so
of shs.
Net
407,199
10,962
Selling, general and adminstrative
It
not
was
>,/ 26,295
bonds..—
for
asset
No.
$688,360
33,849
expense
____
Seiberling Rubber Co.—In Munitions Field—
the
,-v
The
Stern.
•.
226
405,804
_____________
discount and
company to Southern Natural Gas, its parent.
The
ized the production
company to acquire from the
share each
1941.—V.
"///
'
1942
$932,257
Surplus
April 1 and July 1,
on
before him
placed
&
"
June 30—
there
per
McLaughlin
...
income
$364,472
$688,134
$729,759
Southern Production Co,, Inc.
166.
cents
.'
206
No provision
'/'
July
on
100,092
Sale—
the
Securities Acceptance Corp.—Smaller Common Div.—
The directors
of
months there was a net loss from sale of
.securities of
1942, $124,797 in 1941; a -net gain from sale of securities
Of $429,401 in 1940; and of $2'07,589 in 1939.
•
'
'
^
333,126
119,666
y
Week Ended
_
325,507
For
300,000
$729,553
.charged Jto construction
periods.
case—the
p.
300,000
_________
:
first mortgage bonds
on
.estimated
new
with
this
156,
reserve
income
made
which state that in the absence of the Presi¬
Vice-President—and
the
Net
for
a
firm
real
received
"Deficit,
849,433
•
133,131
and State income taxes__
interest
Miscellaneous
organization.
announced
retirement
$2,403,916
873,819
had
choose
10 suits had been made public,
counsel for the plaintiffs
general
as
law
Street Investment
Surplus
183,433
income
Interest
President,
dent, the Executive Vice-President becomes acting President.
is
for
income—interest
Amortization
an¬
firm
the
the
'
President
as
;;
'
President
recently
the original
appointed
Net income
v
1941
$2,531,978
—
Net operating income
,
29.
meeting,
from
will
executive
because
future
a
President
Wood
1942
repairs
Note—Provision
board,
Output—
utility operating companies in the
system for the week ended July 11, 1942,
(N, J.)—Suits Consolidated
action
Expenses
Net
buy six freight locomotives, each having 5,400 horsepower,
and two switching engines of 1,000 horsepower each.—V.
156, p. 166.
will act
2287/
p.
public
Co,
./Dividends
Co.—EarningsT
and
to
as
19411
-/
..
(other than income taxes)
Interest
Co.—Chairman to Act
The
handling
actions
on
Total
for
.Gross
General Robert E. Wood, Chairman of the
board,
of the company, C. E. Humm, Secretary of the
v
31—
Provision for Federal
underlying
statistician
Company filed July 14 with the ICC an application covering the
proposed financing of eight Diesel locomotives at a cost of $3,059,760.
Of this 75% would be obtained
through the Reconstruction Pinance
Corporation by the sale of 2%% equipment trust certificates.
It is
Sears, Roebuck &
167.
p.
revenues
Appropriation
Buy $3,069,760 of Equipment—
proposed
•
•
Operation
before Special Master Tazewell Taylor.
submitted, is the same as two previously
to
as
156,
Year Ended May
hearing
a
third
except
reorganization
were
the
6 Mos. Ended June 30—
:
Seaboard Air Line Ry.—Third Plan Filed—
Details
bondholders
155,
question
consolidation as the
for
such
State
$1,039,975
117,454
_
Maintenance
:
that
156, p. 167.
78,145
Southern Colorado Fower
Dividends
15,
of
the interest of
$2,200,470
on
record
1606.
p.
during
position
undertaken.
capable
1942—9 MOS.—1941
$2,431,492
May 15, last,
made.
was
cents;
155,
share
per
holders
issue
in
be
is
decision on appointment of counsel.
are
brought not for the benefit of attorneys but
stockholders, he said, he should choose the firm best
equipped to conduct the litigation rather than the first to file action,
and to give weight to
priority of action would encourage a race for fil¬
ing suit and put a premium on "hasty and ill-considered actions."—V.
Since
„
com¬
$248,141
——.
"Deficit.—V.
cents
to
this
on
40
20
of
Aug.
made
was
follows:
and Nov.
dividend
a
done
brand
must
refused, however, -to include in the consolidation four
Schreiber
said
Reserve
directors
of
Electric
&
consolidated
court
20-year
principal
81,122
-
and
plant
Interest, -depreciation &
....
Scotten Dillon Co.—20-Cent Dividend—
The
2287)1—V.
output
Justice
debentures.
66,187
Net
$7,252,080
business
•other suits started after
>
.
$276,450
expenses —
markets
present
Court Justice Benjamin F. Schreiber on July 14 granted a
by defendants to consolidate into one action 10 suits brought
by stockholders of company for recovery of more than $100,000,000
losses alleged to have been suffered
by the company through its pre¬
war agreements with I. G.
Farbenindustrie, the German chemical trust.
1, 25
,
its
cents
40
motion
Pay.-
May
$35,000
with
to
declining cash posi¬
policy of past years,
a
Supreme
com¬
its water supply system.
to
maintain
preserve
advertising'
advertising schedule
Standard Oil Co.
This
Massachusetts life insurance
a
f
Taxes
1
1942—Month—1941
$1,751,366
2372.
p.
Sept.
loans and for extensions
payments amounting
to
year
company's
"
stock,
common
for retiring the entire issue of $200,000
issue is to be sold to
dividend
this
1939, to and including Jan. 2, 1942, quarterly distribu¬
per share were made on the common stock, and, in
p.
Gas
Dividends
________________
155,
used
earnings
Operating
—V.
the
on
issue of $300,000 30-year 3V*%
an
Period End. June 30—
Gross
Schiff Co.—June Sales—
declared
earn¬
totaled .151,-984,000 kwh„ as compared with 142,445,-000 kwh. for the
corresponding week last-year, an increase of 6,7%.—V. 155, p. 167.
J
excess
Southern Canada Power Co., Ltd.—Earnings—
$2,034,465
Period Ended June 30—
Sales
and
and
taxes
cents
155,
Electric
Co—$1 Dividend—
101.
at
pany
724,649
—V?fc155,~pT~2189r
(The)
income
has petitioned the Massachusetts Department of
to be
are
The entire
559,400
;___
V.
Sandard
,
were as follows:/ Feb. 1 and
and Oct. 29, $1.75.—V. 155, p. 269.
$1,
approval of
amount of bank
414,$00
$7
Earned
before
but
share has been
per
1,
Aug.
for
■Proceeds
Liabilities—
liability___
1,928,163
Southbridge Water Co.—Refunding Issue—
$2,034,465
current
etc.,
2,
10
of
Justice Schreiber
19,415
First
of
that
to
dividends
common
James S.
Standard Gas & Electric Co.—Weekly
y
$9,302,412
3,772,874
volume
Oct.
From
a
added,
on
when
year
Adams, President,
regional meeting at Chicago, 111., on July. 10.
the
full
a
he
action
addition, the company paid an extra dividend of 10 cents .per share
'on Jan. 2, 1941.
The April 1, 1942, dividend on this issue was omitted
1941
$12,023,771
—
t(his issue in 1941
each;
The .company
Total
the
tions
,
value, payable Aug. 1 to holders of record July 21.
with 25 cents per share paid on Feb. 2 and May 1,
ments
■
965,154
____
._—
_
William
advertising
1942
__
depreciation, interest,
155, p. 2372.
35
^
________
.
_
twice
resigned,
the
par
pares
138,012
______
530,146
Property
has
period
war
consider
company's fiscal
easily ascertainable,
suspended
criticized
corporation,
Manager
retains.
as
2013.
p.
■
A dividend
$381,703
Deferred
155,
v.
-I—
Smith Agricultural Chemical
$195,291
________
Sheet, Dec. 31, 1911
(net)
Cash held by trustee for
still
Manager,
continue
profits taxes.—V.
no
receivable
he.
Advertising
the
saying that'in order
The
1941.
Assets—
Accounts
will
-
/ "After
Saratoga Victory Mills, Inc.—Annual Reportthe
which
Advertising
Osborn
C Mos. End. June 30—
"Profit
for
duties,
former
Durstine &
appointed
henceforth
of
more
indicated
were
Shawinigan Water & Power Co.—Earnings—
,
May 29, last, as compared with $2.50 per share on July 15 and Oct. 15,
1941/—V. 155, p. 2189.
Earnings
been
Adams
He
(see
value,
par
was
present
York,
Barton,
has
account
on
no
New
1939,
handling The Servel account.—V.
agency
The company on
his
to
of
Batten,
since
are
stockholders at
1941
tion.
gas
motion
San Gorgonio Electric Corp.—Accumulated Dividend—
.of
in
refrigerator, has been transferred from New York City to
the factory at Evansville, Ind., it was announced
by George S. Jones Jr.,
Vice-President and General Sales Manager.
R. J. Eanniff, Sales Pro¬
stock ($1 par), $8,606; surplus, $620,826; deficit from
(since March 31, 1941), $128,145; total, $4,887,073.—V. 152.
4138.
p.
;
advertising department of this corporation, manufacturers of the
Servel
capital
operations
Mr.
Servel, Inc.—Transfers Advertising Department—
The
interest
income
will
close
ings outlook
The
directors
on
Sept.
15
Sept.
15,
the
July
$4.50
9
declared
cumulative
to holders of
1942.—V.
1942—Month—1941
$2,537,191
$3,445,101
record
155,
p,
the
regular
convertible
"Earnings per common share
"On 322,056 shares of common
1942—6 Mog.—1941
$21,041,459, $24,343,019
dividend
preferred
of
$1.12 %
stock,
profit
Notes—(1)
the
per
of
payable
six
$0.66
stoc.k
months
ended
June
30,
1942,
$0.64
.outstanding.
Provision for Federal normal income
is
at
the
tax
and
proposed
surtax
1942
for
rate?
45%.
'
Sept.
2287.
1,
for
the
quarterly period
(2)
ending
p.
No
1607.
provision
'
made
,
.
for
Federal
excess
profits
taxes.—V.
155
'
Volume
THE COMMERCIAL &
Number 4091
156
War
Tampa Gas Co.—Tenders Sought—
Real
The
Estate
Trust
Co.
of
miles
trustee
Pa.,
until
will
gold
due
1961
amounts. sufficient
respectively,
prices
at
not
exceed
to
accepted bonds will be made
absorb
to
$14,199.57
105
Aug.
1.—V.
on,
and
interest.
and
155,
•
,,
Although
The
road,
through
that
?
protective committee
it
J.
Wil.iam
i
for
holders
Middendorf,
has successfully concluded
which
it'has
been
first
of
established
This
will
within
that
for
enable
the
road
the
of
the
plan
Air
and
Line
Northern
Tampa
or
announced
.'
status
reorganize
to
of
its
Mr.
Crary
also
was
with
the
stated.—V.
(& Subs.)—Earnings—
large
a
war
156,
pro¬
88.
p.
before
taxes
issued
has
the
results
for
ticularly
the
*
that
year,
ditions
period
affect
factors
the
become
has
to
bananas
determined
the
omit
to
difficult
of
com¬
year, because of the
the final disposition of
and
so
quantity
the
accuracy
any
con¬
full
a
costs
become
the
company
normal
than
uriit
present
the
in
quarterly
determine,
par¬
imported
be
to
future
until
estimates.
The
in
it
first mortgage bonds of
Interest
the
been
notified
have
been
made
Co.
by
for
holders
first
of
interest
of the
bonds
Gebrge G.
Thomas,
road,
due July
that
trustee,
Earnings shown undfer this
bonds
of
rate
Maryland
Trust
V Total
half-year
155,
ended
company
131,
operat.
(&
Juiy 1, 1936, to July 1, 1941,
interest at 3%
per annum having been
previously paid, and interest
at the'anriual rate of 4%
from July 1; 1941, to July 1, 1942.
(b) On those bends which were not registered with the Maryland
Trust Co.
bond
is
the
under
representing
(the
last
p.etion
3,085,245
reserve approp.
the
registered
registered
that
two classes of
On
(c)
agreement mentioned, the sum of $240 per $1,000
at annual rate of 4 % from July 1, 1936
was
paid on such bonds) to July 1, 1942.
It
2,544,631
12,705,413
registered
bonds
legend pursuant to
(whether
previously
of
continue
4%
Jan.
on
reorganization
1
"bearing
(net)
the
and
July
dividend
of
period
of
Tampa
y;
cents
50
made
was
follows:
May
155,
Portion
31,
50
Aug.
cents;
...
oper.
Dec.
432,136
10,578
2,24 i,2)8
455,369
70,787
55,397
327,773
/
ended
Operating
$450,610
'After
—
21
to
t$631,476
$1,637,028.
per
In
for
the
addition
sible additional taxes
1942
the
$702,375
provided
company
under the pending
law
existing
Gross
tEquiva-
dividend
stock,
of
The
20
paid
corporation
part;
to
up
and
including May
in
8,
July
on
letter
a
against
155, p. 2015.
1,
report for the
pany's
plants
of
facture
on
normal
a
has resulted
in
a
basis.
discontinuance
The
radios and other
reduction of sales
devices
for
and profits
the
of
tooling
war
and
borrowed
This has
use.
of
conversion
banks
from
"Before the
end of
plant,
additional
as
the year a
and
to
date
ply
manu¬
working capital.
•
•
facilities.
,:
'
than
".After
careful
tainties
that
deemed
it
coninue
current
lie
the
cover
consideration
ahead,
advisable
the
to
dividends
preference stock.
payment
earnings
the
and
and
of
of
the
present
best
dividends
without
financial obligations.
paid Feb.
\
directors,
for
at
a
conditions
meeting
interest
until
affecting
167,700
654,500
656,000
of
$936,880
$847,244
8,570,959
6,823,797
and
the
"
:
A
Elliott
Fisher
(And
domestic
Period Ended June 30—
to
Net
after
Other
expenses-..:,
$1,488,162
income
34,874
$1,644,143
44,635
$5,141,193
91,701
to
income
Depreciation
Federal
$1,523,036
149,942
,_
income
and
••
be
Net
profit
*On
299,883
$2,863,587
296,450
&
L
common
'
552,143
4,296,166
949,923
$243,263
$988,410
$636,845
$1,617,214
$0.33
$1.35
$0.87
shares.—V.
155,
p.
2287.
Revenue passenger miles flown by this corporation in the first six
this year showed a gain of
7%
over
the corresponding
period ^ year ago,-according to Harold Crary, Vice-President in charge
months-of
of
traffic."
-
1940
1939
1938
$266,823
$484,728
$193,068
34,958
13,376
17,961
24,231
$280,199
$502,689
$217,299
276,485
392,489
332,943
67,323
67,991
13,902
13,927
14,016
49,536
219,169
260,533
276,668
293,511
*11,787
*20,000
etc.
133,429
129,675
139,737
169,602
•-
$223,040
$467,744
$399,999
$719,052
expenses-
litigation,
local
etc._
taxes,
,
ment
teed
Gas
page
Corp.—V.
156,
cipal
the
U.
70,759
I.
last
week
system
year,
or
kwh.
as
week
102,-
of 10,877.855
increase
an
168.
p.
to
be
proceedings;
the
May
said
Co.
and
the
5V2S
No.
enter
respect
having on
plan
a
of
of one year
extension
March
20,
providing
of
$35
of
par
$6
Co.,
708,520 shares of
all
owned
by
new
&
common
$23,686,062
difference
the
and
of
distributed
stockholders
the
to
shares
of
to
United
The
of
Power
will
Co.,
stock.
$1,112,138
will
be
The
of
United
Co.
& Rys.
Light &
stock
common
of
The
will be
Power
Co.
in
the follow¬
on
United
'(b)
Co.;
Light
&
Rys.
holder of
a'share of
of
the
stock
common
of the par value of $6 per share shall
each
& Power Co.,
share of
the class A
of The
United
be distributed
stock
common
of The
United
of
share
a
of
the
stock
common
of The
United
Light
substantially
stock of The United Light &
the stockholders of The United Light &
follows:.
as
to
the
preferred stockholders;
(b)
6.13%
to
the
class
to
the
class
to
&
common
Rys.
non-dividend
by
the
Rys.
shares
1944,
Co.
or
Co.,
of
of
.
.
receive,
more
prior
common
full
to
&
in
the
between
lieu
Light
&
Power
stock
of
the
thereof,
shares,
not
of the
scrip-not surrendered
Scrip,
Co.
July
United
shall
when
be surrenderd
may
after
be
1,
non-Interest
in bearer form
1944,
to The
in
to
no
to
bearing,
aggre¬
United Light
for full
exchange
Light & Rvs. Co.
entitled
Co.
United
to be issued
sufficient
After July
rights
the
cir¬
a
pay¬
Montreal
on
shares, its prin¬
protective com¬
which
be
to
are
by
unconditionally guaran¬
Power and Shawinigan
Montreal
'
directs
as
it
bondholders'
affects
their
attention
to
salient
two
position:
present
*'/.
1,
whatsoever.
and it is estimated that
,
supplement these revenues by ac
permit payment of interest at the
to
protective committee have
of
"The
authorized
the
company
proposals embodied in the scheme to bo
the circumstances and that they
strongly recom¬
by the bondholders.
The company,
Mr. Wilson
in
subsequent
shares
54%
to
by
the
bondholders
Superior
follows,
Court
in
for
part:
holding
a
company, and its principal asset, com¬
the book value of its entire assets, con¬
capital stock of Montreal Tramways Co.,
two-thirds of
38.336
than
sanction
Wilson's letter
is
company
more
the
to
Montreal.
nearly
of
of
the
of the total of such
shares
outstanding.
Heretofore
dividends
paid on the shares of Montreal Tramways have consti¬
the principal source of the company's revenues
available for
pay¬
of
interest
Tramways
Co.
it
would
several
years
and
sinking fund
discontinued
seem
to
its
on
bonds.
In
1941
the
Montreal
the
payment of dividends on its shares,
that such dividends will be resumed for
unlikely
since by the terms of a scheme of agreement
Tramways
Co.
and
its
bondholders,
sanctioned
Dec. 27, last, the company has covenanted to
pay no further dividends
between
its
on
also
come,
Montreal
shares
$2,000,000
until
of
agreed
its
to
it
shall
general
provide
a
have
purchased
mortgage
sinking
bonds.
fund
"The
effect upon the company of
Montreal Tramways Co. is indicated
the
net
reevnues
of
sinking fund
shown
year
in the
scheme
per
annum
has
its
by the following table, which shows
the company available for the
payment of interest
its bonds for the last four fiscal
years, the figures
column being the rate of dividends
third
K
paid during that
Montreal
Tramways Co.:
.
Net Revenue
Tram. Dividends
$470,774
$9.00 per share
362,175
6.00 per share
303,990
4.50 per share
129,237
"For the
ended March 31,
year
dividends
its
on
amounted
revenues
investments;
holdings of
to
and
sinking
the company therefore received
Tramways shares; its gross
v/hich $132,016 was derived from
a
of
fund
amounted
to
deduction of $4370 for general expense and
balance of net income available for bond inter¬
of
$129,237.
$243,513
that
For
and
bond
year
sinking
fund
interest
requirements
$118,000.
not
number
$133,607,
Nil
1942,
Montreal
alter
taxes, there remained
the
least
it
for
the discontinuance of dividends bv
1941
est
at
-
the
on
shares of
on
Year Ended
no
redeemed
or
Under
$700,000
of
mortgage bonds.
would
United
common
non-voting scrip
Rvs.
but
stock
the
of
of
dividend;
they consider the
subject
"Failing
and
stockholders.
common
share
reviews
sinking fund
Shawinigan
interest
.
Wilson
scheme
acceptance
District
further
stockholders,
common
B
a
shall
Light
A
stockholder
bearing and
United
gate one
&
fraction
a
that
exchange
91.20%
2.67%
the
and
'
President James
Light
common
new
(a)
Each
10-year 3s
new
letter Mr.
its
other
foregoing basis the
and
38,336
owns
discussions
1942
Rys. Co. will be divided among
(5)
company
and
%
Wilson
the
1940
& Power Co.
(c)
of
1939
Co. of the par. value of $6 per share shall be distributed to the
holder of each share of the class B common stock of The United Light
the
the
Power
principal
the
the
& Rys.
On
fund gold bonds recently
10 to consider the scheme
iftterest
elimination
subsequent
bondholders'
mend
Light
to
and
One-tenth
in
$3,-
trust sinking
March 31—
.
One-tenth
total,
adds, also recommends the scheme for accepance and urges all bond-**
holders to have their bonds represented at tho
meeting either by person
or by
proxy.
The scheme, if, as and when approved by the bondhold¬
first
Co. of the par. value of $6 per share shall be distributed to the holder
of each share of the $6 cumulative preferred stock of The United Light
& Power
the
which
Power.
of
state
and
the
of
the
reasonable and fair
ment
share
' '
,
Six
to
increased
be
to
~
investments
the bonds."
'The
tuted
outstanding capital represented by the outstand¬
stock of The United Light & Rys. Co. wiU be reduced from
to
of
$969,201;
of
the
Co.
Rys.
each
stock
common
United Light
The
paid-in surplus.
The new common stock of The United Light
(4)
to
sists
Co.
'
will
value,
deficit from operations,
value
The guarantee of principal and interest is given by two guar¬
unquestioned financial strength, and this will give protection
bondholders against any loss of principal upon the payment of
antors
prising
Light &
value
par
book
acquisition,
company are now insufficient to pay even 3%
the guarantors will be required
to
Power
&
'v
.
United
the
The scheme will assure them an annual return of 3%
from
1, 1941; this involves a substantial reduction from the present rate
5V2 %, but it must be remembered that the annual revenues of the
of
or
\
The
with
Nov.
and
outstanding
to
into
&
his
completion
the
Light
Aug. 4.
on
of
for
United
in
of
meeting for Sept.
a
1 mainly
ers/will be
1941:
subsidiary, United
The
stock
common
its
Light &
applications and declarations,
with respect to various proposed
14,"
with
1,000,000 shares
of
with
the Commission
an
the
appropriate for
or
appropriate
or
order of
dissolution
and
1
Montreal
to
as
In
SEC
connection
date
collateral
calling
stock,
and
"(2)
for
Commission
necessary
and
with
with
reduction
$16,000 per annum in order
reduced rate.
- ,"
may
settlement
1941
shares), $1,125,000;
par
for
least
application
as
tax
31,
"<lj
for the
against
companies
113,093,230
with
Dec.
(which companies; own or
control over 75%
of United Securities capital stock), out of which dis¬
cussions was evolved the plan embodied in the scheme of
arrangement,
which, in brief, provides for the exchange of the existing United Securi¬
Co.—Weekly Output—
G.
to
connection
that led to the deferment of
asset l,
mittee
168.
p.
notice
Tramways
Water
United
no
provision
a
on
168 under
the
(900,000
cumstances
7,478
of
•
arrangement proposed by the company.
In a letter to bondholders President James
$3,780,589
The amount of
Light
United Air Lines Transport Corp.—Traffic Gains-r-
1941
Holders of the 5J/2%
$5,683,581
Power
filed
shares
common
entitled
2015.
The United
229,2)9
received
$1,105,345
vote.
Power Co.
p.
date,
2287.
p.
United Securities Ltd.—-Scheme of Arrangement to be
Submitted to Bondholders Sept. 10—
142,603
"Application
in
RyS.
credited
United Aircraft Corp.—Preferred Stock Offered—Blair
& Co. on July 14 marketed a block of about
1,000 shares
of 5% convertible preferred stock at 94 V2 per share.—V.
155,
155,
$405,178
profit
stock
1,734,271
the respondents herein
&
have
as
$24,798,200
$2.20
-
distribution
Works—Earnings—
subsidiary companies since
327,325.—V. 154, p. 1633.
14,297
exchanged for 3,947,677 shares of the
(c)
1,129,831
per-share.—
734,300
148,225
$5,232,894
Co.
the
Liabilities—Notes payable, $8,767; accounts payable,
$132,501; accrued
liabilities, $130,358; first mortgage 4% loan due July 19, 1943, $1,844,671; 6l/a% cumulative preferred stock t$100 par), $6,644,700; com¬
105,090
might be necessary
comply
liquidation
The
(3)
ing
exc.
profits taxes
♦Earnings
$1,688,778
Rys.
dissolved.—V.
goodwill,
1,698,771
on
re¬
etc., $11,982; other assets, $470,681; land, buildings, machinery
equipment (less reserve for depreciation, $3,300,605), $2,462,516;
$1; total, $3,327,325.
and
1,482
these
Light
Co.
& Rys.- Co.
Total
herein
items,
40,844
make
1942, granted
one
(2)
Light
(a)
$2,780,026
83,561
is
Assets—Cash, $19,119; accounts receivable (less accrued claims and
allowances,
$33,605),. $145,033;
dyestuffs,
chemicals,
supplies,
etc.,
$196,249;
work
in
process,
$21,745;
unexpired
insurance,
prepaid
423,183
156,
as
in
ing basis:
1942—6 Mos.—1941
be
Balance Sheet,
3,123
and the Commission having reserved jurisdiction to
which
4,000,000
have
■
Co.—Earnings—
shall
*Cost
of
litigation in
Borough of Lodi, N. J.
428,183
amounted
to
orders
consisting of
now
'
.large
subsidiaries)
1942—3 Mos.—1941
Light &
practicable after
as
loss
2.005,100
complete liquidation of their rights as such stockholders
Underwood
Net
$7,671,041
hearing will be held before the SEC
dis-
;
commenced
Light «Ss Power Co, of what¬
67,378
of
2,006,100
-*(1)
•
a
United
—$370,220
&
$9,507,839
,
is
Cost
Fed.
501,525
•The-plan is summarized as follows:
The authorized common stock
'
they can be resumed out of
the company's ability to meet
">Vhile sales, have declined, for the year.to date, there
'back-log' of orders for war purposes."—V. 154, p. 250.
United
Depreciation
$2,077,379
same
and
United
the
-
uncer¬
to
shall; be
The
Years—
property
501,525
those
are
the
matters
designated
July 7, .1942,
company
Idle
$2,267,954
_____
1942,
in
further
other
of
1 and May 1 to
V '
1 •,.'
held
the
$524,935
1,552,444
loans
an
date."
assets of
Interest
of
output for
11,
'transactions
;
sufficient
455,434
645,227
1,790,142
10.6%.—V.
Railways
profits for the five months to May 31, 1942, have been but little
the holders of
entered
6,877,112
781,098
732,087
of such further orders
The
I
"A
new
agreement was
recently negotiated with "the
employees,
through the union as their bargaining agent,' calling for the payment
of
increased wages retroactive to March 23,
1942.
This, will add, a
considerable amount to other increasing costs of doing business.
"Net
7,426,330
138,742
177,800
______
Co."
kwh.
or
within
by the Defense Plant Corporation, and adjoining the company's' present
plant—will be leased by the Tung-Sol Co., and it will greatly add to
present
distribution
"distribution
soon
Profit
11,024
electric
April 9,
been
,
has
no
income
$1,324,099
such purpose;
to
factory—being built and equipped
new
1,764,374
$9,481,017
$477,812
and
therewith
such
-
re¬
has
Commission
remaining after payment of its liabilities and expenses
by The United Light & Power Co. to the paid-in
The
$5,589,470;
171,325
debentures-
July
entry
;
in those lines.
$200,000
is
Expenses
mon
1942—12 Mos.—1941
entered
private consumer
required expenditures for engineering,
the
12
1941.
dation and dissolution of The United Light & Power Co. and said order
having required the respondents to proceed with due diligence to com-
were made early in the year to make the company's manufac¬
facilities available for the production of special types of radio
tubes for
of
The S. & E. Comm. having previously, by order dated March 20, 1941,
in these proceedings, directed, among other things, the liqui¬
'
"Plans
turing
of
As
Other
United Light & Power Co.—Files For Dissolution—
in
restrictions would prevent the operation of the com¬
automobiles,
and
respectively,
200,087
(net)
Gas
215,375
1941 stockholders were notified
year
1,820,651
income
kwh.,
^
~
annual
—
interest
The
1942.
•
the
"In
that governmental
forth.
the
contributed
features
pos¬
the stockholders, said,
to
months
$2,767,076 $10,530,895
United Gas Improvement
on
been
three
$1,028,962,
Earnings appearing in the "Chronicle" of July 13
to
July 7 voted to omit the payment of the quarterly
cents per share due Aug. 1 on the 80 cents preference
value.
Regular quarterly distributions of 20 cents per
par
no
share had
$2,953,757
______
income
on
"United
1941.
amounted
character
be
ties
Tung-Sol Lamp Works, Inc.—Omits Preferred Div.—
directors
and
the Revenue Act
reserve
deductions
ended
The
the
for
under
1942—3 Mos.—1941
gas
notes
on
Net
$303,066
$250,000
tax bill.—V.
taxes
$547,312
1939
1942 and 92 cents in
under
of
required
revenues,
income
Other
1940
+$845,107
share in
common
provision
Federal
277,407
retire,
Interest
v
1941
1942
such
the
as
Operating
■
Int.
—
cents
for
gas
expenses
natural
147,856
depreciation and estimated State and Federal taxes.
Note—Tax
its
151,968
$4,943,823
31," 1942,
natural
operat.
Other
$510,476
165,299
Net
•
more
206,741
$7,665,606
amount
appropriations
10.715
2,057,578
275,243
31,243
6 Mos. End. June 30—
use
47,120
$1,858,556
taxes
Property
$106,025
56
-
taxes——
Other
prolit
May
the
to
revs,
Other
53,717
$5,095,791
60,553
Period End. May 31— \
Federal
«
"
v
-»•
Oper.
-
$1.25—
$111,410
__—
$7,872,347
Earnings of Company Only
.
1942—5 Mos.—1941
2,112
v
Tubize Chatillon Corp.—Earnings—
16nt
mi-
$3,038,259 ' $2,854,012
$595,670
2,122
income.,—__
155, p. 2464.
'Net
to
^Includes provision
20,
4,049,957
the
Co.
according
the plan shall be made
following the date on which such court
longer subject to judicial review. The
day
and
$5,095,847
$2,158,503
additional
\-V: ; \ V!'
$633,678
taxes—____
income
and
1942—Month—1941
rev.
expenses—
Net oper,
cents,
75
3,866,619
14
interests
months
Telephone & Telegraph Co.—Earnings—
revenues__:_
Operating
Operating
25,
to
30th
final
All funds and
(10)
$9,145,804
$7,872,347
$1,905,676
sub.
Balance
^
,":V •"/.'/
Period Ended May 31—
Uncollectible
^
957,902'
$1,905,690
$2,219,056
public,
applic.
nority
share has been declared on the common
A similar distribu¬
25,'last.
In 1941 payments were made as
,1023.
p.
Operating
Net
953,176
$2,219,056
per
March
on
Tri-State
—V.
$2,863,592 $11,738,966
*
stock, payable July 29 to holders of record July 15.
V.
_r__
'
Balance •______:
year during the period from
the date of termination of the
Northern, whichever date is earlier.
155, p. 2373.:...
A
407,790
'
each
of
1
$8,738,014
384,820
177,553
$3,172,232
—
—,
Pfd. divs. to
the arrangement described in the letter"
under the agreement or not) interest
the registered holder at the annual rate
to
paid
$2,686,039 $11,354,146
168,761'
the
which
upon
ferred
deducts.
etc.,"
Balance
and
trustee
income '
Interest,
Thew Shovel Co.—50-Cent Common Dividend—
tion
(net)—,"
1942, until Julyl, 1945, or until
July 1,
•—.v.
Gross
registered
be
to
the
with
$3,003,471
revenues:
Other : income
•/:.
•
date
after
becomes
United Piece Dye
10,382,716
stockholders
*
per
..
aforesaid
will
$90
of
"payment
bonds.
all
operat.
interest
$1,000 bond previously
under the agreement and of $240 per $1,000 bond not so
will equalize as of July 1, 1942, the interest paid on the
explained
Net
/.
interest
date
decree
Calendar
.
the
distribu¬
exclusively in
Light & Power
United
of
the
Light & Power Co. in accordance with
and
on
1942—12 Mos.—1941
$14,023,252 $11,516,123 $54,158,426 $44,256,460
operat. expenses4,786,961
4,542,058
19,705,213
18,812,540
Federal taxes
*2,298,598
*5,907,504
699,023
2,323,022
Other taxes *.
!__■
848,977
4,000,168
1,044,367
4,486,150
Property retire. o,nd de-
'•
practicable. after
Light & Power Co.
revenues-
The
classes
exchange heretofore set
as
vested
now
of
three
approving
until
the
United
Subs.) -Earnings—
1942—3 Mos.—1941
power
stock
all
among
and
as
(9)
272.
p.
of
voting
common
order
an
Act, to apply to a Federal court to enforce and carry out
and provisions of the plan.
If the court shall approve the
fair and equitable and shall enter a decree enforcing the plan
and requiring its consummation, the distribution of common stock and
scrip of The United Light & Rys. Co. to the stockholders of The
in last week's "Chronicle"
name
B
soon
of
terms
surplus
United Gas Corp.—V.
31—
basis
As
of
2374.
p.
Total
parties thereto and the
$1,000 bonds.
This represents
per
first
$9,941,000."—V.
are
United Gas Corporation
Period End May
from
1%
the
general
class
'
Commission
requiring its consummation,
distributed
(e)
plan
1936,
1,
becoming
Ry. receivers, $90
annual
an
those of the
168 are
page
arrangements
between Tampa Northern," the
1937,
for
of the United Light & Power Co. to
scrip certificates of The United Light & Rys.
or
plan and requiring its consummation, The United
Light & Power Co. shall request the Commission, pursuant to section 11
will
.'
-
earnings
stockholders
approving the
ever
:*
»
-•
payments as follows: :
which were registered with
mortgage
Air Line
at
■;
.
the. apparent
United Gas Co.—Correction-
the
'
-
estimates
July 471942, before income taxes,
1
agreement dated Aug. 9,
Seaboard
for
provision
troller
interest
On ' those-bonds
under
adequate
the Tampa Northern," lt was stated.
first"mortgage
have
(a>
make
to
Payments—
of
•Holders
fail
should
of
the
(8)
and
the
of
be
con-
Comp¬
*
particularly-if
date,
the
"Under
statement:
other
its
have
estimate' of
any
following
$8,657,000
income from European
any
difficult to state with
any
that
factors
reserves." These
own,
recognize adequately the "true value of the Tampa Northern properties
reorganization
tion
order
t$9,941,000t$10,729,000 t$9,379,000
pany's
'
the
for
(7)
June 30,'40 June30,'39
of
stock
expire July 1, 1944.
Upon the entry by the
proposed plan
to
July5,'41
July 4, '42
•
right
common
shall
shall
all
it is particularly
various
.
affairs either
its
planes,
receive
Co.
there
The
(6)
passenger
115,937,321
1941.
linked
it
"Approximate figures.
tDoes not include
United Kingdom sources,
Company
interests.
of Seaboard
and
of
most
revenue
estimated
an
of
available,
yet
cargo,
passenger
ditions
the Sea-:
board, and as-a part of the system, or outside and independent of the
Seaboard system
if-*the reorganization of that * road should fail to
and
ultimately-chosen
distinct
Ry.
not
are
and
after
earnings
charges,
the
the first stage of
separate
a
Seaboard
figures
mail
6 Mos. Ended—
♦Net
The appointment of George
G, Thomas, formerly Chairman of the
committee, as trustee of the Tampa Northern definitely created and
independent
the
to
263
holders
,
recently
months
United Fruit Co.
mortgage bonds of
Chairman,
period
first
six
lifting
in
months'
the
air
in
factor
six
in
carried on
gram,
the program upon
since the formation of the committee.
•_
'•
working
the major
was
the
of
,
Tampa Northern RR.—Bond Committee Arranges In¬
dependent Action—
in
108,668,855
inciease
$4,356.98,
Payment
367..
p.
flown
from
July 31, receive bids for the sale to Lt of first mortgage 5V2%
bonds, due 1956 and first .mortgage 5% gold bonds second series
to
traffic
.
Philadelphia,
o'clock
3
time
FINANCIAL CHRONICLE
of
year
a
resumption
appear
years
ended
and
to
ti...
that
to
of
the
come
March
dividends
results
will
31,
be
of
more
last.
by
Montreal
the
company's
favorable
Taking
Tramways
that
than
year
operations
those
as
a
it
for
shown
ba§is,
a
.
Co.,
a
for
and
assuming that
there will be no variation in the income received from
investments, it would seem that future earnings of the
Company
provide only about one-half of the 5V2% interest and
exchange on
other
can
the
bonds
viously
presently
outstanding
nothing will be available
"Bondholders
will
therefore
in
for
the
company's announcement of April
hands
sinking
appreciate
the
16, last.
of
fund
the
public,
payments.
reasons
which
and
ob¬
v
led
'
to
the
THE COMMERCIAL & FINANCIAL CHRONICLE
264
;
tee
12 Mos. End.
Operating
Montreal, President of Rene T. Leclerc, Inc.;
R, E. Haldenby. Montreal, local manager of Dominion Securities Corp.,
and Rene
Morin, Montreal, managing director of General Trust of
Cousineau,
"Aristide
.
.
v
Wesson Oil & Snowdrift Co., Inc., (&
.Virginia Electric & Power Co.—Earnings— '
"Shortly after this announcement a bondholders' protective commit¬
was
formed by
representatives of the holders of a substantial
amount of the bonds.
This committee consists of:
v
■^
Monday, July 20, 1942
revenues
"Balance
for
Balance
Canada.
V.
4'Discussion# have taken place with this committee, and with MontLight, Heat &
Power Consolidated and Shawinigan Water &
Co., which companies own or control more than 75% of the
issued capital stock of the company.
As a result of these discussions
the company submits for consideration the scheme now proposed.
"The scheme provides in substance that the bonds of series A and
B now outstanding and in the hands of the public totaling $3,351,500
interest
for
"After
155,
dividends
and
May 30, '42 May 31, '41
sales
Cost of sales & exp
3,551,913
surplus___^,
and
3,918,906
Deprec.
income
non-operating
including
Subs.)—Earnings
June 1, '40
June 3, '39
$38,346,822
$62,851,887 $47,015,116 $40,945,153
5,676,669
&
59,998,335
44,144,978'
.639,125
588,257
$2,214,427,
38,441,738
$2,281,881
amortization
38,655,678
,
583,648
.
571,938
(net)—
'
2375.
p.
Net
5,368,763
:
depreciation
9 Mos. Ended—
1942
1941
$26,302,908 $22,176,150
May 31—
Operating profit
'
Other
____
income
217,714
209,300
$2,432,141
$1,919,767 loss$880,794
$2,491,181
172,160
1 41,449
real
Distribution—Clark, Dodge &
Co., offered after the close of business July 9 a block of
13,080 shares of 4%% preferred stock (par $100) at a
fixed price of 22 net.
Dealers' discount $1. — V. 156,
Wabash RR.—Secondary
Power
principal amount, are to be replaced by new collateral trust bonds
to be issued in exchange therefor par for par, bearing interest at 3%
in
;
for cancellation
surrender
the
Nov.
of
Cost
other
and
lamps, sold*
electricity_and
v'"
deductions
income
Y".
in
whole
or
100%
and
part at
to maturity
time prior
any
days' notice
30
on
Total
Provision
lent of
United
funds
States
of 5%
pay a tax
of 10%
required under the Income Tax Act
are
than one-hair
more
premium."
the
,
Net
operating
Other
income,
Net
Cash
received
Other
$664,613
77,152
77,152
Net
$570,667
81,650
$741,765
invest.
on
loss
$826,307
$652,317
*Crl71,115
$837,485
Dr8
Total
Drl81,985
Other
ments
$823,432
24,578
23,000
33,000
interest, $106,034;
83,480
89,731
84,663
chase
*
special
profit ——Y
"After
ceived
the
during
in
prior years,
reichsmark
$681,191
840,000
$513,707
583,551
$685,640
516,957
in
($16,812
for
1938)
Y'
balances.
June
30,
Balance
Sheet,
June
from
Other
Total
Deb.
interest
received,
(at
in
Investment
S.
U.
accrued,
Int.
&
Securities
Corp.___
for
114,919
1
Earnings
share
19.004
_______
2,227,814
1,623,840
5,604.373
period
$1,798,005
$1,711,745
$5,058,963
per
—V.
all
\
________
charges
of
'
preferred stock
preferred
969,912
§Common
t
50,000
50,000
4,950,000
4,950,000
stock
Reserve for
Capital
;
__
98,500
taxes and
accrued expenses_____
Operating surplus
%___
117,400
6,754,125
to
•
■
1951
$30,575,269 $30,584,873
—
of
Earnings—
and
6 Mos. End. June 30—
Net
inc.
Net
,
loss
before
after
1941
$10,087
93,510
•;
; $39,167
%
■
"$22,253
.
.
include
interest
the
on
NUP
.
gage bonds of Trinity Buildings Corp. of New York at the fixed rate of
3% per annum, and also the additional interest-of 1%: accrued but
.
not
payable
before
maturity except out of available net earnings as
provided for under the plan of reorganization (conaummated .July 10, 1941) of Trinity Buildings-Corp. of New York and
the mortgage indenture.
* ;
'
„
defined
,
.
in
provision
or
has been
.
,
.
,
Note—No
made
profits taxes.—V".
excess
the above
156, p.
figures
United States Rubber
The
(
of
its
tire
division,
and
of
Fred
Howard
income
Hawkes
Howard
N.
New
The
of
Hawkes,
Assistant
only
as
Earned
,'tLOSS.
charge
in
of
on
July
-
announced the
formation
of
a
United
•
Bid
States
Steel
Production
of
Corp.—Subsidiary Begins Output
diameter steel pipe for the new 550-mile pet¬
iine, extending from Longview, Texas, to a point near Salem,
111., has begun un.der a Government directive at the National Tube Co.'s
Lorain, O., plant at the specified delivery rate of almost five miles a
day, it was announced by Mr. B. F. Harris, President of the United
Steel
subsidiary.
The pipe line,
rels
ot
oil
daily
for
transshipment
steady flow of oil is vital to the
the
to
an
estimated 300,000 bar¬
eastern
effort.—V.
war
seaboard,
where
940,394
167,939
864,788
given
earnings
company
in
last
a
155, p. 2464.
Monday's
from
those of
I
The
SEC
corporation,
it
,
proposes
has
a
to
permitted
wholly-owned
dissolve
of cash and accounts
as
a
to
liquidating
and
become
Notes
subsidiary of
distribute
its
Ogden
declaration
Corp.,
remaining
receivable aggregating
dividend.
a
$10,000,
under
assets,
to
by
the
which
consisting
Ogden
Corp.
229,243
178,610
39,151
923,663
514,312
3,955,842
2,484,373
$1,224,731* $1,383,608
$5,146,43 2
$5,362,303
income
84,69 7
96,442
545,29 0
602,932
$1,309,428
$1,480,050
$5,691,722
$5,965,235
581,897
569,869
2,916,505
2,920,514
$727,531
$910,181
$2,775,2 1 7
$3,044,721
„—_
Note—Federal
surtax
taxes
under
No
comprise $1,016,000 estimated normal
the Revenue Act approved
provision
taxes.
income
on
of
$459,000
liability
for
Sept. 20, 1941, and
future increase
probable
tax is
against
an
In
indicated..
profits
excess
Authorizes
Westinghouse Electric & Mfg. Co.—Earnings—
profit
after
$879,023
and
Wages
This
is
John
{,
in
R.
district,
June
176,488
Nil
Nil
t$3,448
p.
Sargent,
..."
88.
;YY:Y?;
;
of
■
.
profit,,,
Earnings
months,
per
effect
and
■
plan.
was
1%,
;•
v
the
eastern
selling expense and
at East
sales
Pittsburgh.—V.
136,
.
.
and
for
for
I
" "
1942—6 Mos.—1941
-
$368,121, / $330,784
.
Y
Nil
•.
provision
outstanding.
—V.
after
/.
'
t$66,553-
shares..
1942)
also
development in
the
1942—3 Mos.—1941
'"
.
June,
:,
adjusted
Co.—Earnings—V
Period Ended June 30—
V Y "After, charges,
[
'
•,
.
when it
;
market
the market department
'Y
•
.
...
charge of
in
1939,
be
salary
in May, 3%.-
appointed manager of
Woodward Iron
11$1.10
•
•
profits
excess
Federal
$920,018
'
4S0.98
;Vlt$2*75
tax' ($644,651
income
tax
at
rates
for
now
-
G
in
($390,400 for 6 months, June, 1942) for anticipated increases in Federal taxes. tLoss.. lOn 336,223 shares Of capital
$15,491
t$0.14
2%, and
t$4.33
79,974 shares of 7%
stock.-
common
since Februry,
amount
was
has been
budget section
$57,534,601
combined
salaries of employees of this company will
this month in accordance with the wage and
the smallest
$11,568,401
participating preferred stock and
ton
2,592,155 shares of
Appointment—. '/Yi;.
-
•
stock,
common
$6,731,701
*$2.10
and
1%
The bonus
.
t$0.59
July Wage Bonus 1%— 'YY^Y
upward
-
$1,570,053
"$0.28
79,974 shares of 7%
3,126,581 shares of
Y
/
1942—6 Mos.—1941
taxes
share
per
combined
"On
.
1942—Month—1941
.
charges
Earnings
;
163,832
reserve
$0.62
Y
,
Balance
'Y ' '
Y ^
Sheet, June .80 /Y
Y
•
'
-1941
$109,172
'"$139,974
,Y
__Y
1,457,970
12,352
105,000
74,608
8,083
8-343
(secured)
(net)
_1_
$1,476,246
?IOn
334,000
155, p. 1520.
shares
r
-
.
"
of
capital
stock
outstanding,
.
Worthington Pump & Machinery Corp. — Canadian
Subsidiary Acquires Interest in John Inglis Co., Ltd.Y-
•
'
1,311,432
9,771
13,500
16,731
6,419
9,221
receivable
.V/,
See "John
Inglis Co., Ltd.,
above.—V. 155, p.
168.
Wright Aeronautical Corp.—Wage Dispute Settled—
Settlement of
of
five
with
Y
$1,806,334
a
wage dispute
plants in the
workers
to
Paterson
benefit
between this corporation
(N.
Association,
J.)
area
was
an
the
independent
and employees
announced
by increases of from five
Reached by conferences between
on
to 30 cents
July 14,
an
hour.
Wright Aeronautical
and officials of U. S.
company,
union,
Conciliation
payment
payable
(secured)
—
-
Loans
payable
Group
$724,000
7,000
underwriting deposits
(unsecured)
customers
Accrued
(secured) '
2,970
3,048
_L_
3,845
expenses
Provision
$856,000
37,100
56,340
Service and Army air forces, the agreement also includes
of from one to five days of vacation pay for various classi¬
1,214
of
Total
149,226
"Represented
155,
$1,476,246
l
p.
by 21,166 in 1942 and 25,000
in
1941
no
par
Labor
Board
for
final
decision
said he also
the
1942
mined
question
affects
Average
>
per
1941
240,260
$6,400,000
$20.08
ton
329,000
$4,825,000
Production
shares.—
subsidiary of American Telephone & Telegraph Co.,
has applied for a $1,400,000,000 war damage insurance coverage on its
office and telephone buildings, manufacturing plants and stations, it
was
announced on July 4, according to an Associated Press dispatch.
155, p. 2288.
War
Wright Ilargreaves Mines, Ltd.—Production—
$19.45
—V. 155, p. 162.
Yuba Consolidated Gold Fields, Inc.—10-Cent Div.—
Western Electric Co., Inc.—War Risk Insurance—
—V.
the
9 Mos. End. May 31—
$1,806,334
1760.
This company,
to
approximately 25,000 employees.—V. 155, p. 2288.
700,000
taxes
stock
;
Cann, U. S. Conciliation Service representative,
certified
making the wage increases retroactive to July 1.
The settlement, which was reached without a work stoppage,
1,650
623,320
116,675
for
William
had
191
Employees' War Bond Fund
V.
effective
'
$8,025,286
32,840
income—_____
and
"
$9,331,517
$1,937,071.
fications.
this
Utilities Power & Light Operating Corp.—To Dissolve
/
'
rev
Period End. June 30—
Liabilities—
156,
are
'
oper.
Net income
Net
1939
1942
customers
assets
$2,181,234
—_
836,000
-."'v-
'
cable
assign, to oper—
Tons
"Chronicle"
,
and
Merger of Domestic
Telegraph
Companies—For details see "Chronicle" July 9, p. 113.
new
1940
I
^Common
The Western Colorado Power Co.—V.
and its subsidiary,
168.
p.
and misc.
telegr.
additional
Utah Power & Light Co.—Earnings—
•
2,529,247
169,762
tax
as
•
Surplus
The
2,854,586
Employees'
Due
when completed, will deliver
Y%Y;
;
interest
Total
'large
roleum
States
521,174
Deductions
:
Prepaid expenses —_i—
Large Order—-
on
518,793
26,283,508
195,723
180,232
deposits
Due
Fixed
'
•
3,415,818
maintenance-
Non-oper.
Association
Y
Accrued
research,
the
purpose
of which will be
to
study ana
developments in the expanding fields served by the comto handle post-war planning activities.—V. 155, p. 2375.
'
2,622,244
3,904,524
969,148
time of contract,
the
■
Inventory
department
new
pany and
at
Cash
,
10
:
■'
Assets—*-
business
evaluate
National
of
is dated
1941
t$0.20
■
■
activities.
sales
3,075,609
682,860
39,314,096
Taxes
Outlined—
138,765
___
share
per
appointed General Sales Manager,
Manager
Department—
company
taxes
Net income—-
$44,652,497
562,846
188,339
'
recently
General
$50,314,268
812,805
Uncollect,
$5.94
t$4.181
.
1942—5 Mos.—1941
$9,787,638
5,727,409
and
$22,520,516 $33,280,799 $46,607,604
134,584
163,832 ' v
173.040
*■
Inc.—Earnings-
1942—Month—1941
198,4.99
■
1942
pre¬
com¬
6,323,853
;•
v.
Co.—Earnings—
$10,-
operations,
'
168.
and
I Represented
741,818
preferred
plan
agreed
1942
$4 convertible
stock.
amortiz—
stock
Carpenter
N.
unless otherwise
shares
common
oper.
revenues
of reorganization now pending for
part for issuance of a 4V<% fixed
bond in exchange for old securities.
this
pa r
and pens—
155, p. 2464.
governing 'when issued', trading in proposed
6,
Expenses and
■
S.
that
Mos; End. June 30—
Sales
1608; V. 154, p. 664.
Assistant General Manager.
becomes
,
Manager
appointment
in
income
informed
Weeden &
'6
for
Co.-—Appointments—
has announced the
company
General
also
156, p.
Gross
as
5%
a
plan
in
$11,344,072
300,000
no
Relief dept.
"Net
.
in-any of
No.
—V.
and
current income
.
and
a
provides
of
by
$10,946,764
and
other
Net
trading in these bonds should follow the procedure set
issued'
mort¬
first
cable
All other gen.
'when
forth in
securities
of railroad companies in reorganization. Thus, 'when issued' transac¬
tions in fixed interest obligations shall be 'and accrued interest' with
the seller entitled to same, while transactions in income or contingent
interest securities shall be 'flat,'with any payments going to buyer."
81,587
YY,;
;
Note-—The above figures for 1942
bond
are
"Therefore,
*$16,472
87,368
,
25,947
depreciation
tRepresented
600,000 shares
Conducting
_
of Aug. 1, 1941,
and states new series A, 4y2s, 1956, will bear interest from and after
Aug. 1,
1941" and that new series B, 5s, 1977, will likewise bear
interest from and after Aug. 1, 1941, to the extent earned.
1939
1940
and
Deprec.
announces:
that
Co/
Ur719,522
$50,370,677
the
Committee
Practice
Inc.,
advised
Brothers
"We
—
Operating Co.]
1942
deprec.
"Loss.
,
Plaza
deprec.*__
'
.
of
for
and
revenues
management.
Co.—Trading Procedure
Uniform
Dealers,
have
make
10,916,060
Dr719,522
Western Union Telegraph Co.,
has informed bondholders
to
896,373
11,862,745
__j__
1941.
Senate
annual interest.—V.
6%
Brothers
Security
"We
Warren
;
[Exclusive
Y
(& Subs.)
same
National
The
interest
United States Realty & Improvement Co.
the
at
Warren
■"Including 15,000 shares of common stock of corporation under
option to the President until March 1, 1942, at $25 per share.
U72.319
shares
(no pari $6 cum. div.
t50,000 shares (no par) $6 cum. div.
§1,000,000 shares in 1941;
ilGeneral reserve set up out of $5,000,000
paid-in cash by-subscribers to second preferred stock.—V, 155, p. 2101,
j
necessary
5.819,420
—„
;
—
Period Ended May 31—
Deposited—
President,
the' bonds
of
437,882
3,200,000
5,805,751
taxes..
—
reserve
stock
Telegr.
that over onecompany's bond extension
plan effective have been deposited. As soon as 90% of the outstanding
bonds have been deposited, about $400,000 will be made available for
the payment of $90 in cash for each $1,000 bond extended from 1944
1,381,453
7,094,416
Total
State
437,882
1,479,182
by 7,900 shares of preferred stock at cost* and 16,871 shares of
mon stock, at cost.—V.
155, p. 2103.
•,
Y
<
v
such
Charles Warner,
half
100,000
142,500
1,007,953
surplus
and
stock
in
ferred
155, p. 1687.
Warner Co.—Bonds
$17,231,900 $17,231,900
____i
__
stock
reserve
3,148,678
payable—__
—__j__— $57,878,601
"After
YYV ■„
■
$6.40
$2.17
distribution
manufacture,
•
,
Y,Y>.
i
6,100,000
2,925,777
liabilities———
dividends
Operating income—
/.'.YY
$2.29
shs.
$50,370,677
$20,571,786
12,315,000
accrued
Total
YY
common
724,004
on
33,924
235,953
3,200,000
surplus
^Treasury
Liabilities—
tFirst
and
for Federal
Earned
$4,725,694
141,830
1
1,658,931
!'
37,235
$20,571,786
banks
to
common
surplus
3,320.876
for
outstanding
1
$30,575,269 $30,584,878
tSecond
payable
Capital
615.652
400,135
49,096
189,543
excess
'114,893
150,95 0
.
surplus
$9.1li,451
727,974
662,085
84.719
&
taxes
"After
JfGeneral
-w.kc—YYYY-'-( ?
;
————i
—
Paid-in
All
208,133
(
7,464,422
Y95,'50l
1,542,551:
(net)—-
$821; bond pur¬
$3,704,552 $12,138,114
248,609
12,019
inc.
profit
$751,565
.
secured
$57,878,601
Reserves
1942—9 Mos.—1941
$8,829,664
277,361
281,789
68,131
$4,475,990^
deprec._Y
for
interest
Prov.
29,301,530 *29,718,393
Total
^—'tYtYYY'YYY'l %
stock
Gross
110,530
etc.
_______„_,Y—_Y-/
cost.)
(net) —„„6,431,932 /
insurance
and
1941
$1,163,208
______
Dividends
life
expenses
payable
Currency)
18,159
int., disc, and exp.
Bank
Net
Securities
Notes
$3,636,421 $11,860,753
$4,457,83i
________
income
Provision
30
1942
received
investments?
expenses—,—
profits
Assets—
bills
ginners & others
Accounts
1942—3 Mos.—1941
operations
income
130,694
3,890,828
21,034,091
Liabilities—
debt,
Canadian
in
Period Ended May 31—
"Profit
1942,
'
Cash
(Stated
1,160,956
131,461
4,241,700
Total
1942,
1,
funded
1,060,404
28,435,196
value
Prepaid
$11,938; accrued wages and salaries,
accrued taxes, $86,625; current pay¬
July
$10,824;
Nil
»
—
———
&
to
Cash
(Hiram) Walker-Gooderham & Worts Ltd. (& Subs.)—
the net assets of corporation had an indicated
value of approximately $24,471,742,
which is equivalent to approxi¬
mately $142 per share of first preferred stock.
In making this calcula¬
tion the investments in the second preferred and common stocks of
United States & International Securities Corp. and in the second pre¬
ferred stock of Credit & Investment Corp. were each included at the
nominal value of $1, securities without quoted market prices at cost of
$710,962, and all other securities on the basis of market quotations.
On
payable
companies
liquidation——
Repairs
cash and securities
year
in settlement of r.eichsmarks balances re¬
-[Includes $40,115 cash received in settlement of
$16,416
deducting
received
$537,062
516,957
dividends___
pref.
Accounts
for retirement of 5% mort¬
$6,586,68a; deferred income,
$1,070; capital stock ($1 pari, $246,115; capital surplus, $53,889; earned
surplus, $12,481; total, $7,184,387.—V. 153, p. 256.
deposit
in
——
Preferred
for reorganization expenses,,
affiliated
to
583,129
$1.18
.
; ■ ;YY
May 30, '42 May 31,v4i
etc.__—_______ $15,751,671 $14,645,984
equipment
advances
-Miscellaneous
amount of first mortgage note, $26,281;
being protested, including penalties and
due
past
reserve
income bonds,
gage
First
assessments
fund
$34,426;
principal
on
$655,500
29,063
40,000
tax
expenses
Net
required
$826,299
17,180
33,000
taxes
inc.
Fed.
plant,
583,129
Sheet
inventories
hand, $97,464; receivables
on
payable,
accrued interest,
$681,145
30,647
_______
& other
204,535
72,813
,
1,459
$50,718
$49,514
$100,232
$691,118def$2,340,5&l
$1.46
banks
Sheet, April 30, 1942
banks and
Liabilities—Accounts
80,435
profit
for
Prov.
.-Y.-Y-
___________
510,238
583,129
Balance
876,700
876,300
"'"$561;251}* '
$1,12
in
,
$6,196;
Cap. stk.
82,099
$217,441
583,129
Deposits
$11,310
39,408
$6,823
42,691
$18,133
_______
291,565
par)
&
(less reserve
for losses on receivables, $3,153), $15,377; inventories of maintenance
supplies, etc., at cost, $8,163; City of Chicago South Water Street improviment bond, 4%
$1,101; deposit with Chicago Title & Trust Co.
to. cover past due special assessments, including penalties and interest,
$111,696;
prepaid
expenses,
deferred
charges,
etc.,
$94,855; other
assets, $10,857; land, $1,936,835; building and equipment (less reserve
for depreciation, $909,441), $4,908,039; total, $7,184,387.
1939
£>r60,620
income
realized
chargesY
interest
expense
Balance
f55,572
-
-
___
(no
estate,
tCapital
to
$752,945
84,541
$693,582
accrued
&
income
Total
Net
received
dividends
Int.
—
876,300
437,347
sharc____
per
in
,
1940
1941
"Real
$16,417
5,106
$10,265
3,442
—$26,682
—
:
8,549
loss
etc.
before
loss
Interest
United States & Foreign Securities Corp.—Earnings—
1942
„.,
876,300
Consolidated
Loans
Assets—Cash in
6 Mos. End. June 30—
,
the equiva¬
in
interest
Lot
on
such interest which, at the present rate of premium
on
absorbs
receive their
who now
residents of Canada
stk.
com.
Cash
203,913
72,820
;,w
1,459
___
$1,567,413 loss$953,323
•
•
408,448
depreciation
145,633
No. 8___._—-u-*,,-n-Y 2,918
$1,729,122
Assets—.;.
$262,390
%
91,480
$1,531,088
Y'
12,815
$267,927
$530,317
^
excluding
expenses,
;
for
Taxes
interest.
English sterling; all other bonds will be exchanged for new bonds payable in Canadian funds only.
In this connection it should be noted
that
14,267
;
122,799
413,711
___
dividends
dividends
Earnings
.
27,082
...
operating income
operating
depreciation
at
"Boilds owned at all times between April 16, 1942, and "the date wheri
the scheme becomes effective, by residents of countries other than the
Dominion of Canada, will be exchanged for new bonds payable, at the,
holder's option, in currency of Canada or of the United States or in
1
s":
110,798
716,110
—___
Invested
Total
Sinking fund and will be redeemable in
bonds will carry no
<
45,949
710,647
taxes
Surplus ':.__Y_Li.::-YY '
Shs.
$275,205
$282,194
$557,399
inigan Water & Power Co.
new
"
State
profit.
Common
•
$2,091,927 loss$739,345
190,406
and
Preferred
Apr. 30,'42 Apr. 30,'42 Oct. 31, '41
income
Total
joint and several obligation
expressed on the bonds.
"The
Net
'
1
Period—
Montreal Light, Heat & Power Consolidated and Shaw-..."
This obligation is to be a joint, but not a
of the two companies, and is to be so
interest by
and
Interest
-<y,Y;'
'.>>;■■■'
income
Federal
(The) Wacker-Wabash Corp.—Annual Report—
v
*
Year End.
——Six Mos. End.-
'
$3,351,500, no further bonds being hereafter
issuable under the trust indenture.
"The new bonds are to be unconditionally guaranteed as to principal
the issue is to be closed at
'
168.
».
1, 1941, and to mature on the
viz., May 1,1952; the company is to
$674,000 present bonds held by it,' and
annum, to be dated as of
same date as the present bonds,
per
Total
*.
The
a
.
;
directors
have
declared
dividend
of
10 cents per share on
to holders of record July 8.
as against 20 cents on Feb. 2,
1942.
Payments in 1941 were as follows: Feb. 1. 30 cents, and May 1,
Aug. 1 and Nov. 1, 20 cents each.—V. 155, p. 1608,
the common
A
a
stock, par $1, payable Aug.
was paid on May 1, last,
like amount
1
@FedFRASER