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a
Ml * 1134F
Monday
Reg. U. S. Pat. Office
Volume 166
Number 4613
New
York, N. -Y.y Monday, July 21, 1947
Price 75 Cents
Copy
a
VI
General Corporation and Investment
News
RAILROAD
%'r-
PUBLIC UTILITY
-
Aetna Insurance Co., Hartford, Conn.
Stockholders Underwritten—
The
stockholders
subscribe
share
The
for
record
250,000
the
on
of
basis
subscription
June
additional
of
one
have
18
shares
been
given'
capital
for
each
the
stock
right
at
three
$40
shares
to
from
the
of
the
Company's general funds and
are
The
amended
the
board
annual
of
sale
stock
will
registration
per
EARNINGS
expects to continue the
share.—V. 165, p. 3389.
I
FOR
TEN
present
rate
of
28,
$7,021,696
738,423
to
Federal
a
carry-
—
surance
Society of the United States on a 15-year 3Vs%
note.
Repayments are to be made in annual instalments
of varying amounts with final payment due on June
1,
The proceeds are to be used to provide additional
plant facilities and working capital for the expanding
business of the company.—V. 165, p. 2406.
■
Prafft
after
Prov.
m
for
no.
of
Mr.. Clark
per
taxes—
MoS.—1946
plants must
^
3,067,404
5,360,830
16,035,326
1,804,882
2,062,722
11,580,222
1,804,882
$1.39
$2.86
$7.41
$5.86
share.
•After deducting
$1,150,000 refundable to
a
certain
subsidiary under
carry-back provisions of Internal Revenue Code.—V. 164,
p. 3389.
American Car & Foundry Co.—Annual
Report Reveals
$250,000,000 Backlog-
—V.
165,
the
$5,346,689 in
fiscal
the
ended
year
previous
demand
be
share
previous
on
a
April
fiscal year.
30
at
$5,176,042
of
such
this
business
has
similar
number
expanded to
notwithstanding
the
of
outstanding
somewhat
deliveries,
in
shares
the
sales
report
and
car
showed,
than
more
fair
volume,
made since the close of the year against business
Hate."
Gross
in
the
$250,000,000—
that
the
on
have
books
been
at that
rentals, less discounts, aggregated $132,820,244,
compared
with
$118,113,552
in
the
previous
year.
Provision
for Federal income taxes amounted to
$2,746,194 compared
$3,186,860 set aside last year for Federal income and excess
profits taxes
Consolidated earned surplus balance at
April 30, 1947
amounted to $41,946,714 against $41,045,022 a
year earlier.—V.
166,
P. 153, .
with
American Chicle Co.—Stock Distribution
Ruling—
'
The New
York
Stock
Exchange having received a notice from this
company that a split-up will be effected in the common
stock, of no
par
value, by the distribution on July 30, 1947, of two additional
shares
to
holders of
share
each
of
record
July 21, 1947, on July 11
quoted ex said distribution
until July 31, 1947; that all certificates delivered after
July 21, 1947,
in settlement of Exchange contracts made
prior to July
directed
be
on
i:
that
the
common
stock
accompanied by due-bills; and
Aug. 4, 1947.—V. 166, p. 153.
be
not
31, 1947,
that all due-bills must
be
must
redeemed
American General Corp.—Offer Extended—
The New York Curb Exchange has been informed
by this corpora¬
that the company has extended until the close of
business on
tion
Sept. 30,
1947, its offer to holders
of
its common
at
a
as
shown
price
stock
which
to tender
shall
be
the
said
net
of
odd
lots
shares for
applicable
of
less
sale
asset
by the unaudited company computation
to
than
the
one
of
so
west
large,
all
3274.
p.
the
revenues
Uncollectible
orized
by
The
the
SEC
sent
ble
stockholders.
company is
and
it
;
preparing
is
expected
early in September to
to
purchase
purchase
shares
a
rev._
stock.
that
under
a
each of
Employees
the
be
'
filed
Net
Net
to
elect
to
offer.
share.
;
share
of
t.
'
stock
per
cember,
pounded
per
share
day prior to
share' per
,
on
instalment payments
at
the
semiannually.
from
the
tNet
of
the
stock
rate of 2%
will
be
used
NEW YORK 4, N. T.
Bell Teletype: NY 1-073
'/?'"
,
1947—12 Mos.—1946
-
$
;;
-
per
year
41,180,000
49,500.082 :207 560»000 200,283,700
44;885;380'l80,760,000 179,604,913
Mm,fair
share.—
EARNINGS
(Figures
for May,
End. May 31—
Indies,
stations
Oper/
between
the United States and the
Netherlands
in March,
1942, just before the Dutch radio
destroyed and the Japanese invaded the
islands, was
July 15.
Initially, service will be limited to the
capital,
suspended
revenues
Net
Stock and Bond Quotations
Co.
pagre
36
Co.
31,
in
40
.44
refunds
of
the
July 12,
output of
'
The
Clearings.—.—...45
46
43
$9,01
of
the
V.-166, p.
$9.17
in
undistrib¬
"
:
the
three
for
due
months
the
to
12
and
months
carry-back of
12
months
ended
electric
properties
'•
'
-1''
•;
'
Inc.—Output—•
this
of
an
ended
May 31r 1947
profits credits
excess
for
company
increase of
corresponding
:■
•
the*
10.68% *
of
week
v
-
Subsidiary—
$250,000
latter
the SEC
to
in
its
to
permit
subsidiary,
carrying
out
it
South
its
to
make
a
Pittsburgh
1947
capital contri¬
Water
construction
Co.,
to.
program.—*
153.-
Anaconda Wire & Cable Co.—Three
Subs, Dissolved—
"
-
The
company has dissolved three subsidiaries, the Marion Insulated
Wire & Rubber Corp., the Chernak
Manufacturing Co. and the Tubular
Fabric
Co.—V.
5 Months Ended
Net
profit
"Loss,
164, p. 3390.
after
*"
America—Earnings—
May 31—
-
taxes
•'
:'/
—:
—
1947
1946
$49,770
*$22,201
"
''
For, the first five months of 1947, the corporation
reported earnings,
before taxes, of $79,864, The
company's backlog of unfilled orders on
June 1, 1947, totaled in excess of
$2,000,000, compared with a
of
approximately $1,500,000
on
the
same
date last year.—V.
backlog
163,
p.
186.
Federal
Reserve Banks
Condition Statement of Member
Banks of
Federal Reserve
_46
System————.43
Capital Flotations for June and for Six
Apex Smelting Co.—Debenture Placed
Privately—The
company announced July 16 that it has placed
an
issue of
tional
3
-
or
1947, totaled 91,190 kwh.,
82,397,000 kwh. for ihe
company" asked
assist
"
184,502,120
taxes arising
etc., which reductions
165,. p. 3390.
Anemostat Corp. of
General Corporation &
Investment News_Cover
State and City Bond
Offerings
55
Redemption Calls and Sinking Fund Notices.46
The Course of Bank
Months of the Calendar Year...
for
$13,748,000
tax
output
bution
-
Miscellaneous Features
of
and
Advance to
.40
•'
company'3 proportionate interest
deficits of subsidiary companies.,
$2,078,000
of
■1946.'"
38
Section_____43
$2.29
185,190,000
the
in
ended
overJ the
7,036,996
*'
46,414,805
$1.22
American Water Works & Electric
Co.,
Power
week
__.39
Payable...
1191,539,116
5,450,000
effect of substantial reductions
in Federal
debt redemptions,
or
1946
1946.—V.
Woven
and
§190,640,000
1,607,040:
,
deficits of Western
.consolidated (partly estd.),
37
.37
Averages.—-....—.I——26
Declared
§48,021,846
890,000
proportionate interest in earnings
and all other
subsidiaries, not
account
Exchange..—26
Transactions New York Curb
Exchange.-,
26
Stock and Bond
235,314,646
43,775,530
by charges against Other Income.
Ilncludes
on
.36
—
239,260,000
48,620,000
connection with
earnings
May
36
Stock Exchange-.
Toronto Stock Exchange—
Toronto Stock Exchange—Curb
Over-the - Counter Markets
Transactions New York Stock
in
offset
Electric
Philadelphia Stock Exchange—...
___37
Pittsburgh Stock Exchange..
__38
St.,Louis Stock Exchange,—__—_38
San Francisco
9,772,903
25,300,000
tIncludes
_._35
Montreal Stock Exchange.—
Montreal Curb Exchange—
57,794,749
sh.
per
tDoes not include
uted
*__35
Lcs Angeles Stock
Exchange
*272,096,638
j0r36,781,993
min.. ints.
earns,
were
31
Detroit Stock Exchange
to
"Includes the
_26
Chicago Stock Exchange,---—.
Cincinnati Stock Exchange
!
Cleveland Stock Exchange
„
211,590,000
27,670,000
26,190,000
deducts.
from costs
J5
Baltimore Stock Exchange.
Boston Stock
Exchange-,---—_
■
40,160,000
13,970,000
income
stock
Cons,
—
$
35,760,000
61,457,492
4,400,000 Dr3,662,743 '
Applic. to A. T. & T.
Exchange___________„
1947—12 Mos.—1946
__ —
income
Applic.
,
$8.91
SYSTEM
1947, partly estimated)
1947—3 Mos,—1946..
Net oper. income—
JOther income (net)
This; Issue
New York Stock
Exchange (Stocks)
New York Stock
Exchange (Bonds)
New York Curb
$8.77
BELL
•
Total
In
•:
OF
491,310,000 519,296,606 2,096,640,000
1,997,009,473
Oper. expenses
400,480,000 390,550,463 1,643.300,000
1,405,487,133
Fed. taxes on inc.*.
13,490,000
28,339,779
76',840,000
169,756,484
Other taxes
41,580,000
38,948,870
162,910,000
149,669,218
were
on
$2.21
REPORT
$
Service to China and Java Restored—*
service
,45,749,037 185J410,000.,lai 423,307
$1.55
com¬
"Per.
I
46,880,000
,
per
•
7,556,048 27,650,000
"48,2$ 1,160
40,650,267 166,720,000:166,(
,886
1,416.555
11,180,000
4,933,221
Drl22,'788
Ja;^ilO,OOODrlO,944,567 ■
3,730,000
120,000
-income
Earnings
■$
—
Dividends
to
1
-
32,200,000
In teres t; deductions.
CONSOLIDATED
sale
—-
1V83
1946
$
2,300,000
35;030,000
(net)—
>.
"
30
52,774,732 203,970,000 223,722,0711
36,418,904 142,780,000 146,861,331
6,317,000
22,700,000
21,853,000
2,482,780
10,840,000
9,785,087
1,460,000
income'/i'.
'
'
JUNE
,
2,720,000
income
Total
•
for
beginning in De¬
May, 1950. : Interest will
than
Foreign Exchange Rates..—.
Combined Condition Statement
c4llen& Company
income—<
on
ENDED
1947, partly estimated)
34,940,000
purposes.*
East
''
MONTHS
41,420,000
...
oper.
Other
provide funds
extensions, additions and improvements to
the plant of A. T. & T,
its
subsidiary and associated companies and for
general corporate
and
12
1947—3 Mos.-
income—4,
Dividend income
Interest income
jjay^ on Aag. 31,, 1947', but
50 ^are^. Faym«At ^ilrbe made at the rate
month, •^y payfoll deductions
1947, and completed not later
credited
for
$9,523,065 $14,535,296
44,685,921
49,123,241
may buy more than
$5
be
AND
taxes
Net
$150
per
share unless at the
time payments are
completed a price $20 below the market
price would
be less than
$150, in which event the purchase price will be
$20 below
the market price
one
3
revenues
expenses
taxes
Other
.
it will be
the'Islands.
the
"
$
Fed.
but^not less than $100 per
Eligible employees may elect to purchase
full-$500 of their annual basic rate of
FOR
with
Operating
Operating
31
$2,658,421
1,608,843
''
(Figures for June,
of the prospectus will be
nearly 600,000 employees eligi¬
Oct.
however,
on
and
,
RESULTS
have
until
$1,173,856
"498,059
•
.
Employees with six months' or more service on
Aug. 31 will be
eligible to participate. Officers of the A. T.
& T. Company will not be
eligible.
The purchase price will
be
none
operating income
charges
after
"Loss.-
copy
the
will
China
$14,423,158 $18,114,714 $79,556,721
$92,253,908
11,653,582
12,414,145
58,291,527
61,094,490
1,595,720
3,062,148
11.742,129
16,024,122
__
Period End. June 30—
to
afterward,
other points
.
Operating revenues
Operating expenses
Operating taxes
'
registration statement
Soon
to
between
1947—Month—1946
;
1947—5 Mos.—1946
$14,476,135 $18,169,686 $79,786,302
$92,534,204
52,977
54,972
229,581
280,296
—
oper.
previously auth¬
Municipal Bonds
later
EARNINGS FOR MAY AND FIRST
FIVE MONTHS
The directors at their
meeting July 11 voted to proceed with an of¬
fering of 2,800,000 shares of capital stock to
employees of the company
and its subsidiaries under
the Employees' Stock. Plan
MUNICIPAL DEPARTMENT
Telephone: HAnover 2-2600
Java.
Period End. May 31—
•
Dividends
$$ BROAD STREET
of
service
of
three
shares
FLORIDA & NEW JERSEY
Astaoliihea
island
United States,
1938, was restored on July 1.
Initially,, service will
Shanghai and to Nanking, the Chinese
capital, north¬
Shanghai, and extensions are planned later to
additional
points in China.
•.■■'''"Vi V\;v',v■ '
its
Willimantic,
the
and
corporation
amount
on
50
SPECIALIST IN
-
at
Interest
on the books of your company and its
having a dollar volume in excess of $229,000,000," Mr.
stockholders.
"At this writing," he added, "the volume
told
move
the
Bandoeng and
telephone
suspended since
be available to
.
"The year closed with business
Hardy
to
to
Regular
against
year.
subsidiaries
decision
on
extended
1947—Month—1946
,1947—6 Mos.—1946
$30,127,613 $22,330,372 $186,484,742 $136,508,636
latest year's earnings, according to the company's 48th annual
were equivalent after preferred dividend
requirements to $5.26
s&are on 599,400 outstanding common shares, compared with
per
for
automobile
The
$5.54
earlier
an
company's products is
building industries, that
operated.—V. 163, p. 3413,
the
report
per
Batavia,
2921.
p.
American Telephone &
Telegraph Cow—Plans Sale of
2,800,000 Shares of Stock to 600,000 Employees—
reopened
company and whclly-owned subsidiaries have a backlog of more thap
$250,000,000, Charles J.. Hardy, Chairman, reveals in reporting net
for
165,
American Stores Co.—June Sales increased
34.9%—
Telephone
earnings
certificates, in good
Operating
of
2,062,722
shares—i
reversed
each
75,814,826 372,624,127 296,389,454
8,660,830
26,060,326
28,880,222
3,300,000 ■•9,975,000
17,300,000
•
■■V-
com.
said
from
Proceeds
com.
Earns,
(& Subs.)—Earnings—
1947^3 Mos.—1345 C 1947—12
:/'$ ■v>?> "Vj.
86,726,583
3,817,404
"'750,000
charges—
Fed.
Net1 "profit.
;
'
has
company
notably
■
Allied Stores Corp.
Period End. April 30—•
stock
MISCELLANEOUS
-
1947
Notes Placed Privately—
The company announced July 15 that under
arrange¬
ments made in conjunction with
Goldman, Sachs & Co.
it has borrowed $1,500,000 from The
Equitable Life As¬
-'
corporation,—V.
■
FEB.
-i-—
—
Allied Laboratories, Inc.
1962.
the
the
Providence, R. I., units to a newly-purchased plant
Conn., Eugene E. Clark, President, stated.
$1.80
Subs.)—Earnings—
ENDED
—
taxes and charges and after giving effect
hack tax credit of $781,656'.—V. 165, p. 1581.
!
and
by
two
Period End. Jun 30
• After
>
tender
received
are
Sales
(&
MONTHS
—
loss
letter of
transfer
„
directors
dividends
sales
•Net
added
initially to the
expected to be invested in securities.
statement covering
the issue states that
Aireon Manufacturing Corp.
Net
be
for
The
held.
expire July 21,
1947.
The
offering
to stockholders is being underwritten
by an investment banking group
headed by Dillon, Read & Co., Inc. and W. C.
Langley & Co.
Proceeds
which the
on
INSURANCE
-
American Screw Co.—Operates All Three Plants—
per
will
warrants
that
form
/
of
share
new
Offering to
—
INDUSTRIAL
-
privately
$800,000 3% serial debentures with institu¬
investors, through F. S. Mosley & Co.
is to retire bank
This issue
borrowings and to provide additional
working capital.—V. 162, p. 3.
Bell Telephone Co.
Co.—Files with SEC-r—The company cn July 10 filed a letter of notification for approxi¬
mately 7,000 shares ($5 par).common on behalf of Gus B. Walton,
Vice-President of
the company who will act as own underwriter.
Shares are to be sold at market.—-V. 165, p. 3274.
•
,
Arkansas-Missouri Power
Period End. May 31—r
Operating
*
Operating revenues™
Operating expenses
Period End. May 31—
Operating
expenses—.
Operating
taxes
.Federal
Other
taxes
retir. res. approp.
prop,
income
345,000
$297,986
$4,031,362
24,120
p.
1326.
J
-
.
78,125
937,500
6,102
7,634
78,125
JL80.156
22,020
•
24,746
$3,589,247
937,501
$4,055,482
$298,865
$342,091
46,030,
79,233
-
199,187
13,000
B'-
sales
Net
608,609
$2,528,404 $1,845,340
1—
—
-
taxes & contingency provisions™™—----for
taxes——„™—™—
_™™™™_™_™
for
profit
per-common
No. 2 Rector
$9,444,069,
;
1947,
—V.
transfer
York
New
166.
■
.
\
Trust Co. of New York
agent for
1,091,715 shares
Midland
Marine
The
;
Net income
""""""
~—-——-
'
—-----
of
Railway
oper!
Bailwav
tax
debs
Oth.
Net
or
—
—
New Director—
has
-
.
.
.
>
-
'■
•
President of the International
director.—V. 165, p. 3275.
McCaffrey,
L.
John
elected
been
a
•
*
'
- <
Harvester Co
t
)
Point RR.—Dividend Reduced*
The directors on July 15 declared a cash dividend of $1 per share
on the capital §tock, payable Aug. 1 to holders of record July 25. ,This
compares with $2 per share paid on Aug. 1 and.Dec. 12, ;iast year.
Atlanta & West
166,
50.
p.
,.,555,448
$2,846,658
.
$1,023,22^
' 1,497,025 '
1,634,622
$1,349,633
317,510
♦$611,408
*$308,763
•'
3163.
p.
shares
SEC—
y
Morrell,
c.
common,
J
.
•
-
earnings
■,
*
-
.
exps.,
est.
other
charges
v
Estimated
1947
.
capital and
amort.,
deprec.,
5,601,240
net
Aggregate
net
4,080,017
$2,232,660
revenue
revenue
NOTE—The
$1,879,058
-
results
operating
dollars
shown in
3276.
as
$8,873,218
■
$9,980,904
1™
above from Jan,
as
taken
are
at
';
rates of exchange.—V, 165, p.
average
"
1946 *.
$5,959,075
.
$7,833,900
stock, $1 par value.
Brillo Manufacturing Co.,
tNet
'
Co. of New York
profit
Inc.—Earnings—
♦Earnings
common
per
1946
$55,697
145,310
145,310
outstanding.
165,
Class A stock.
on
1584.
p.
$63,552
145,319
$0.-38
1
$0.33
tAfter taxes and
: "
$0.33
share
requirements
dividend
♦After
charges.—V.
1945
1947
$54,538
'
_™™
shares
Common
;:'
Midland Trust
Agents;
Marine
National Bank of
,
and
Nashville. Registrars:
and American National Bank
Co., New York,
,
.
operation,/
from
Oper.
V v,..-.*
has been - appointed
of common stock.
,
,
,
which are to be offered on behalf
Vice-President • ana General Manager of the
($1 par)
Month of May—
Gross
City of -New -York- has •> been
, For offering,
the
the common
/
.Brazilian Traction, Light & Power Co., Ltd, (A Subs.>
—Earnings— ;
*
*
"■*
Chemical Bank &
of Nashville, 1
-HISTORY AND BUSINESS—Company was incorporated in Delaware
Sept. 19, 1946 for the purpose of engaging in the business of manu¬
facturing all forms of plastics and die castings;
Company has < not
as yet commenced active, operations, although .it has obtained- a lease
on property and buildings, orders for the products it proposes to manu¬
facture, .and verbal agreements from , suppliers of the equipments and
raw materials required
for manufacture. Company also has available
the .services of Roy. E. Berg, ran -experienced and well-known figure
in .the
plastics and metal -casting industries and certain - key. men
experienced in the industry.
*
>•
V '
"V"-', .
The company plans to manufacture a wide variety of plastic prodnets", die-castings and wood articles.- As of May 10, 1947, orders on
the books totaling $2,377,300,
were for combs, .coat hangets, pafnt
brush handles, plastic vanity sets, brush-* and mirror frames; die' cast
handles for-vanity, sets,-channels for conab-backs and - other -products.
Company plans to manufacture other plastic - items including' tum¬
blers.
picture frames,
sink strainers, and specially ^ designed con¬
i
—V.
Bank* of
National
Transfer
Trust
17,675,735
15,087,932
18,643,738
15,594,233
1,513,811
841,848
165,
.
to $2,467,270 and
$6,731,237. v • •
.
165, p. 3390.
American
,
3,237,099
2,601,045
income
oper.
ry.
income
Net
expenses
accruals
cred. (Cr)
income
Macque
Inc.—Registrar Appointed—
share.
29,488,518 171,291,397 162,300,626
27:724,580 . 24,999,846 130,248,334 ;123,660,596
4,558,580
3,281,400 23,763,662 21,847,190
159,944
306,539 . -1,364,337- ; 882,895
35,360,315
revenues
$8,747
.
292,175
Quarter End. Mar. 31—
Fe Ry.—Earnings—
:
and Panhandle & Santa Fe By.)
1947—Month—1946 , .. 1947—A Mos.—1846
Period End. May 31—.
OP<*r
•
$574,144
etc
$467,778
•"
304,540
,
$381,369
int.,
-
Colorado & Santa Fe Ry.
Bailwav
' 104,4^1
131;370
$2,542,118
105,178
65,868
company.—V„; 166, P. 155.
Die Casting Co., Inc;—Stock Offered
-^Gordon, Meeks & Co. on July 2 offered (as a specula¬
tion). 56,044 shares of common stock (par 100) at $4 per
Topeka & Santa
Atchison
(Incl. Gulf,
1,355,702
1,272,011
-
$608,276;.*$96,431
income
for 5,000
Berg Plastics &
162, p. 2386.
—V.
V.
see
i n
»u.xu
*
Earnings per common
23,282
From Jan, 1 to May 31—
registrar of
anoofut^d
1 aid onn
'
*
outstanding—
share
—
shares
Common
;. The - Chase
—_™™™-—-HI——I—I
—
440,748
202,699
23,932
T^e company on July 11 filed a letter of notification with the SEC?
,
50.
p.
Benrus Watch Co.,
MARCH 31, 1947
'105*,393
QUARTER ENDED
EARNINGS FOR THE
sales
Net
Co.—Earnings—
Manufacturing
$31,013,758
26,872,890 '26,721:159
3,412,886
2,364;655
5,012,886
743,839
Bowman Gum, Inc.—Files with
-
■
,
of which cash amounted
current liabilities stcod at
Transfer Agent—
21, 1947, ioi
bonds.^ series of 1977, the
bids.—V. 165, p. 3390. ...
-
Artkraft
207,567
Z
♦Deficit.—V.
$17,269,393
4;232,746
1,536,000
' ' 691,478
\
.'
-
____
income
oper.
income
Net
——$2,005,268.
—
outstanding
share.——
shares
assets" were
purchase of $11,000,000 first mortgage
coupon rate to be specified in the
the
———*
contingencies—
inventories, $4,932,784;
■
received by the company at Rooni 2033
N Y. up to 12 Noon (E.D.T ), on,July
.
$5,583,184 $34,231,275
$6,954,574
5,370,960
(Dr)„*
|,:
1947—5 Mos.—1946
'1947—Morith—1946
'
™_.
.}
;,'v
(Dr)_
rents
ry.
Otner
1,043,990
/ $1.92
The
balance sheet on March 31,
showed current assets of
$11,772,622, Including cash of $4,232,757 and inventories ybf-$4f524,158,
while-current liabilities were $7,463,685. At the. end of 1,946, current
608,609
stocks for period—
York 6
Npw
Net
31, ' 1947
QUARTER ENDED MARCH
THE
Earnings
$2,453,949
$3,137,013
May 31—1
lac., rents
Gross
before
Profit
Net
$209 272
$266,692
applicable to pfd.
will be
Bids
st
Joint
Rentals,
Provision
$3,137,013 ' $2,684,949
231,000
$222,212
T
-
■
^
Provision
;
$266,692
Invites Bids-— (■
'Equipment
:
Inc.—Earnings—
Appliances,
FOR
EARNINGS
'
■■
;
Bendix Home
,
Balance
Period End.
,
.
300,008
• $2.38
»_™™__™„J_:
154.
p:
Operating revenues
Operating expenses
Taxes-™;_™„_'_
Products,
Common
Dividends
,
166,
Boston & Maine RR.—Earnings—•
100,237
of net income
res.
per
—V.
putstanding
common share
*
$3,489,010
879
Earnings
*• •:
■ i
$5,453,559
748,518
-™,
shares
Inc.—Acquisition— V; / r
• . .
The
corporation announced the acquisition of Key Brands, Inc.,
manufacturers' of All-Breeds dogfood, in a" cash'transaction involving "
about $250,000.
Key Brands .will .operate as-a subsidiary and Ben-Hur,
wholesaler of grocery store items,
will handle distribution.—V.; 164,
189,000
income
Misc.
$313,736
'
i
...
Ben-Hur
$3,678,010
,
15,750
constr. (Cr)
Int. chgd. to
$4,376,362
745
int.
Net
1,062,889
$341,346
mtge bends
& deducts—
on
Other
946,950
3276.
p.
.
income
Common
$1,565,237, $7,969,0.06 $9,183,551
1,120,888. ; 5,881,735 t\ 5,956,722
$1,736,303
1,308,746
\'
;
v
.
28,750
income(net)
income
Gross
Int.
88,986
165,
1,074,770
—
Operating
Other
1,206,904
plant
lease of
for
(net)
—v.
168,631
1,669,008
90,941
$370,096
,
'Bent
\
124,274
119,268
87,573
———
after charges
Net
1,189,303
„
sales
Net
$56,031,808 $52,654,6291
42,578,044 38,832,503
1,084,148
5,484,848 ; 5,618,575
•
.
ENDED MAY 31, 1947. V//
FIVE MONTHS
THE
FOR
™™„„J_'
Net
$11,506,492 $10,844,346
8,580,886
8,194,961
operating income
Net
136,903
—
,
Mos.—1946
7(806,526
8,900,528
$17,099,752 $13 790,826
$1,428,656 $1-230,188
612,251
714,816
revenues..-.--
taxes
Operating
Light Co.—Earnings—
1947—Month—1946
1947—12
Arkansas Power &
EARNINGS
$56,123,967 $52,709,737
;, 92,069 . ..
,55,103
11,992
16,969
rev._
oper.
Inc.—Earnings—
< Black, Srvails & Bryson,
of Pennsylvania—Earnings—
1947—Month—1946
1947—5 Mos.—1946
$11,523,461 $10,856,338
revenues
Uncollectible
Monday, July 21y i947
FINANCIAL CHRONICLE
THE COMMERCIAL ft
(258)
2
(& Sub.)—Earnings—
Brown Shoe Co., Inc.
6 Months Ended
Net
,
1947
'
1946
1945 ' <
$37,620,937 $24,187,669 $28,627,448
April 30—
i
sales
profit after depr., etc
••'Prov. for Fed.-& State taxes
1,960,553
955,000
2,196,127
1,630,008
125,009
$1,005,553
t$1.95 '
$441,127
$0.89>
2,908,351
1,165,000
;_ '
Net
'
Inventory
reserve
...
$1,743,351
t$3.38
Net
profit
♦Earnings per
Z
»Based
..
-
common
494,600
on
split two-for-cne in
was
—V.
1$4,
share—
common
shares now outstanding,
tAfter preferred dividend requirements.
•
,
1946.
552,
p.
Common stock:
; Canadian Industrial Alcohol Co., Ltd.—Earnings— f
Period End. May-31'—- 1947—3 Mos.—1946
1947—9 Mos—1946
profit
$351,871 / $253,748 $1,094,823
$819,305
tEarnings
per
share™
$0.32
$0.23
$0.98'
$0.74.
*Net
.
—
,
,
.
The company
$3,600,000 from the
New York, has-been
company would use the proceeds to pay
for construction.—V. 165, p. 3390..
•,
proposal by the company to borrow up to
Guaranty Trust Co. and the Irving Trust Co.,
the SEC.
by
approved
The
note and
pff an outstanding
RR.—Earnings—
Atlantic Coast Line
9,748,097
800,000
Taxes
Equip,
Net
facil.
joint
and
rents '
Cr315,962
deductions'
Net
chgs.
contin.
and
Fixed
331,779
:
-
165,
Personnel—
charge
in
branch sales.—V.
of
1
'
{
165, p. 203.
1
.
•
;
'
•
,
J
:
36 Weeks Ended
—12 Weeks Ended—
-Sales'
income
Federal
June 7, '47
June 8, *46
$4,565,012
:
before
inc.
Net
June 8, '46
$2,826,125 $13,314,202
275.175
872,731
114,000
325,917
$8,295,695
693,249
273,000
< $546,814
* $1.22
$420,249
254,281
taxes™
99,917
taxes-
$154,364 '
income
Net
Earnings
per
—V,
p.
165,
$0.35
-share—'
W.
Arthur
•
$0.36
$0.93
2794.
a
Sherwin-Williams Co. of Cleve¬
the board recently.—V.. 166, p.. 154.
.
Corp.—Offering Data—
'
the
shares
shares
350,000
statement
.
of
stock
common
which
6316)
(No.
removed from registration,.
have been
Further Expansion—
.
.This, purchase
field. ;
The
-marks the entrance-of Barium into -the Southern
Subsidiaries already operate plants producing and
metals in leading cities of*the Northwest,
East,—V. 165, p.; 3275*
.
Commercial ani Financial
.
.
Chronicle ;(Reg^ U.
Delia
offices:
135
MOTS;
On
account of the fluctuations in
'
net
PURPOSE—The
bank
loan
and
will
available for
5 Months Ended
Net
and those of its subsidiaries.
indications are that the
ness,
construction requirements of thet
company and its subsidiaries during 1947 and 1948 will total approxi¬
mately $7,000,000.
Company anticipates that the net proceeds from,
the. sale of the new preferred stock plus a bank loan of $1,000,009
and other funds from internal sources will be sufficient to financc.such two-year construction requirements. The estimated funds from in¬
ternal sources include: cash on hand in excess of requirements for
working cash, earnings in excess of dividends, accruals for depreciatlon, and certain other items amounting in the aggregate to about
$3,000,000.
Company) estimates > tnab $6,000,000 of the ,1947-48 cohstruction expenditures will be used to expand and develop the prop¬
erties
and business of the company
and its subsidiaries, and that.
$1,000,000 will be used for property replacements.
The approximate;
segregation of the total estimated construction expenditures by operat¬
ing divisions is as follows: electric $5,400,000, ice $300,000, telephones
•
Present
,
-
v-
will
.
;
.
'
$1,300,000.
TO
EFFECT
CAPITALIZATION GIVING
lst mtge
bonds 3%
.
—
preferred stock (par $50)
preferred stock™™..—
$2.50 cumulative preferred stock
Net
;
loss"—
165, p.
the "rates
1946
$2,624,901
472,657
stock
Common
(par
$1)
payable
806.
60,000 shs.
.
April 12, 1944, $39,941 retired
on Jan.
2 of each year for 7
;ip4,963shsr
,r: .60,000 shsr
1,357,089 s£s-
2,500,000 shs.
"
♦Dated
.52,034-;.
.
104,963 shs,
$3 cumulative
1947
$917,807
50,676
May 31—
Outstanding
$16,000,00
$16,000,000
99,417
500,000 shs.
series due 1976
•
PRESENT FINANCING
Authorized
•
Co.—Earnings—
sales
and busi¬
and expansion of its properties
development
the
primarily
be
proceeds will be applied in part to reduce
will be added .to the company's general
general corporate purposes, including:
balance
the
and
funds
instalment contract
through Dec. 31, 1946—balanceyears
in
approximatelyf eqtiaE
payments.
Birmingham Electric Co.—New
Charles
elected
S.
Thorn,
President to
Chairman
President—
COMPANY
<
ware
Vice-President and General Manager, has been
William
Rogers, who will continue as
to
succeed
of; the board of
directors.—V, 165, p. 13111
,
Dec.
sory
Loan .Privately-r-The
.
company
ft has issued 1%% serial
The
March
notes
new
29,
notes
promis¬
mature
at" the
rate of $400,000
.
c
.
>
mature
including 1955, the final- note
29,^1956.—V. 165, p. " 3047.
..
.
of $6,000,000
factor
";j
maturing oh March
rV V -
4
areas,
and
in
Co.
1941.
Company
is
engaged
prin¬
also
section
of
Nevada
and Arizona.
The communities.
for
afford
the
company's
Jsumer is relatively high.
manufactures
sion
Riverside
owned
,
;
also
and
1948,
and
1914, as
Electric Power
was
system.
The
average
consumption
per
con-
'
annually, beginning
through and including March,, 1951.- Thereafter! the;
at. the rate of $600,000 a' year. beginning in 1952, ■ to
incorporated in Dela¬
Nevada-California Electric Corp.; name change#
BUSINESS—Company
population, but, together with surround¬
substantial demands for electric energy including
requirements for irrigation pumping and for a variety of industries
The diversification and type of demand yesult in a high annual Toad!
ing
notes to Equitable Life Assurance - Society of the
States in evidence of a cash Joan aggregating
outstanding in¬
12,
California
AND
served are relatively small In
;
United
$10,000,000, bringing the company's total
debtedness to$35,000,000 as of June 30.
•
cipally In the generation, purchase, transmission, distribution and sale;
of
electric energy.
The territory served covers extensive areas in
California
Co^-—Places
j
County,
subsidiary,
*
The company through its Imperial Ice Divi¬
and
sells
Calif.
supplies
ice
in
portions
Interstate
telephone
and
of
Imperial
Telegraph
telegraph
(Continued on pageTIO)
Co.,
a
County
wholly-
service in
)
.
«
dali-
fk
Park"Plate/Nei?: York 8, Nv Y., REctor 2-9570._ Herbert D. Seibert,/ Editor and Publisher; 1
Thursday " (gimeral news f and - advertising.- issue) ,with ;• a^statistical * issue >:-on Monday J, .«Other h
England,^ c/6". Edwards 8c Smith. Copyright.-. 1947^by,,-Wflliam^B,,,Dwuk,,,Co.mn(Siny». ;• • Reenleve#-4
1879.:' Subscriptions' in" United" States,'-V.-S-] Possessions^ Territories, and. Members of pa»«^ ;
-yewv.*:.-.X
■,
"■ of exchange^ remittance for foreign subscriptions and advertisements must be made in New York funds.
Patent ©fficp) William B. Dana Obmpany,"
Publishers; 25
Prwident; * Williani D. Riggs, Business Managers
Published twice - a *week ; le very
8. La SaHe 6L Chicago 3, 111. (Telephone:, State 0613);1 Drapers'fGardens^ London,- E. C.,
as second-class matter February 25, 19.42,. at fhe post,off ice, at^New; York*; N.
Y^ under the Act of March 3r
American Union, $35.00 per year; in Dominion of Canada, $38.0Q per year.
Other Countries/$42.00 per
William
*
Berg in consideration of
announced July 15 that
.
corporation announces the purchase, through its subsidiary,
Sheffield Iron & Steel Co.,. of the plant and other physical assets
including the inventories and good will of the George King Co., Inc.,
producers of iron and steel castings at Sheffield, Ala. The King plant
and business hereafter
will be operated by and under the name of
the Sheffield Iron & Steel Co., a Barium subsidiary.
.
.
fabricating steel and other
the Middle West and
the
Colo., and Guaranty Trust Co., New York.
-'Company will reimburse record holders of the, above shares of $2^8
cumulative, preferred
stock for personal property taxes imposed by
Pennsylvania or ahy taxing authority therein not exceeding four mills
per annum on each
taxable dollar thereof, under certain conditions^
ver,.
3390.
Borden
The
Industrial
Registrars—Corporation .Security Co., Den-
New York.
Trust-Co.,
ers
,
Issued
presently
issued to Roy E.
\
- (par
$1> offered under
became effective June ' 6,
1946.
127,319 shares were sold at market .through underwriters for
an aggregate amount of $1,559,658;
139,200 shares were sold at market
by the company for. an aggregate amount of $1,566,000 and 83,481
Of
registration
»
.
—V.
Barium Steel
130,987
were
Berkey & Gay Furniture
director^ succeeding Crispin Oglebay, also of
Cleveland, who resigned from
the
'*
fered—The First Boston Corp., Shields & Co. and assoclates on July 17 offered 60,000 shares of $2.50 cumulative:
preferred stock (par $50) at $52 per share and div.
-Transfer Agents—International Trust Co.; Denver, Colo., and Bank¬
,
offered are sold, the company
total of "187,031 shares.
,
".../ .
v
combined 1,111,9.18
on
Co:—Preferred Stock Of-
Power
Electric
.
163, p. 1561.
B stock.—V.
Cumulative
RR.—New Director—
Steudel, President of the
been elected
taxes, tBased
income
class A and class
California
and: outstanding; shares, 112,500
the assignment
by him to the company of an option to purchase, at the end of 11
years,
the plant and property presently leased - by the, company at
Meridian, Miss;," purchase orders, agreements for the furnishing of
raw
materialsr tools-and-equipment and title to certain original and
exclusive designs of Mr.. Bferg for plastic and other items, and other
assets.
The company has been
informed by Mr. Berg that he has
transferred a total of 12,500 shares to certain officers of the corpora¬
tion, receiving no cash consideration therefor; and that he now owns
a
total of 100,000 shares of the stock of the company.—V. 165, pp.
934,
Baltimore & Ohio
land, has
$161,175
are- to,
;
outstanding a
shares
June 7, '47
and
charges
shares of
two
56,044 shares of common stock now
'
'
*After
^
;
CAPITALIZATION—The capitalization- of the' company
consists of
500,000 shares of the common stock (10 cents par)
authorized, of
which
130,987 are presently rissued and outstanding. • If, all' of the
have
'
America—Earnings—
first
shares.
74,531
Qf
Automatic Canteen Co. of
;
position to commence
be used- for.the acquisition of
machinery, tools and raw materials necessary for production and
filling of orders on hand, and for working capital.
'
. <*
RECENT SALES OF STOCK—In February,
1947 the company com¬
menced a public offering of 74,531 shares ;of common stock (10 cents
par) at $4 a share.
A total of 18,487 shares of such stock were sold
at $4 per share.
Of the total number of shares sold 5,987 .were sold
through an underwriter, E. F. Gillespie & Co.," Inc., before the termina¬
tion
of »<the
underwriting agreement; the balance of 12,500 shares
were
sold by the company without the "payment' of any 'commissions
or discounts.
Company has withdrawn the letter of notification which
it had filed with the SEC in .connection-with such public -offering
of
Coale, Vice-President of Sales, has retired, effective July- 1,
been succeeded by Edward F. Coogan, previously Vice-Pres¬
M.
has
ident
,*112,165
3047.
p.
(The) Autocar Co.—Changes in
H.
and
-'366,931
.
4,740,930
*1,368,924
3,029
income
•Deficit.—V.
2,979,573
a
estimates that
PURPOSE—The net proceeds
Dr62,881 03,452,564 Crl,957,486
6,773
18,547 ,
20,523
.
325,603 ' 1,672,660
1,682,197
,
7,753
___
the
after
company-
1,851,503
1,515,639
*973,667
26,604
income
oper.
ry.
Other income
Miscell.
426,148
213,039
:
;
,
months of operations./. Thereafter; the
the volume of production wiU, -within six to
eight months reach a rate of $100,000 to $125,000 per month. The
plant is located at Meridian, Miss.'
,
1 ■,
.
" '
-
$9,930,908 $57,626,781. $55,771,761
9,778,427
48,231,569
50,167.189
700,000
4,900,000 ' 4,100,000
$10,787,740
—
that it will be in
days after it has obtained approxi¬
mately the first $100,00p from the proceeds of the public offering.
The company" expects to fill the $2,377,300 "total" amount of -orders
;
on
its books on May
10, 1947, at. an average fate, of $50,000 per
1947—5 Mos.—1946
19471947—Month—1946
Period End. May 31—
estimates
operations in from 45 to 60
active
month
©perating revenues
Operating expenses
and cosmetic trades.
the candy
lor
tainers
Co.—Loan Approved—
Atlantic City Electric
A
"Volume
166
Number 4613
THE
COMMERCIAL & FINANCIAL
CHRONICLE
(259)
The
Capital Flotations in the United States Dozing the Month
For the month of June
corporate emissions footed
up
placement in the United States market of two
Common¬
compared
with
$528,164,539
for
$774,353,675 and
$693,861,295
May
zfor June 1946.
wealth
i
Of the total for the
month, $517,008,778,
©r
71%, was classified under new money and
$210,<657,327 or 29% constituted
refunding
June
financing
represented
with 14.2%
May
flotations during the month exceeded
refund¬
ing operations. It is Worthy of note that with
the ex¬
ception of May, June, 1947 was the 10th
month, since
July, 1946 to show new money greater than
refunding
operations.
Another
feature
of
the
month's
98.8%
>■
SUMMARY OF
CORPORATE
New Capital
128,343,822
March
690,275,558
April
May
'
-
—4
June™
—
Second quarter
Six
.
ures
,
money
354,744,693
■
159,267.388
1947,
1946 AND
New Capital
44,070,931
270,262,410
278,899,772
307,169,645
435,484,918
28,925,290
68,071,687
295,766,014
141,067,908
736,847,786
563,122,202
367,086,226
80,585,300
677,552,434
855,087,519
693,861,295
1,352,125
785,583,035 1,440,918,213 2,226,501,248
449,673,579
j 97,607,061
144,641,925
691,922,565 1,585,374,932
212,213,966
107,541,795
106,185,122
1,525,480,686;
fRevised
to
exclude
$5 cumulative preferred stock
-214,109,222
Results
,
t
»
for
the
256,909,782 1,782,390,468
$40,000,000 Aluminum
1947
1946 total
25,000. 000 Firestone
i
CORPORATE ISSUES—JAN.
1
TO
Preferred
1944
$493,806,472
702,258,990
292,202,925
238,547,300
659,165,000
1943
349,145,000
604;185,000
1942——™1941-
27,962,393
97,045,908
1,257,492,300
■1940
.
1939i—
144,024,525
124,821,500
92,089,240
29,962,725
933,136,300
804,060,500
643,868,695
„
.
,
.
,
$20
,
Notes
;Jl947™r
JUNE
&
!
$210,000
*
1
bentures
-
-
1941—
65,236,160
16,406,288
^
13,880,330
14,517,271
45,166,731
50,229,838
5,133,595
Rubber
'
r
due Jan.
JUNE
—
&
Towne Mfg.
Co.
mtge. bonds, series
i
•
•
trust
Gas
'
Corp.
J
$25
i
011
Corp.
par
■
v
■
.
,
**>
,
.
1-,
A
Ltd.
500,000
pesos
2%%
loan
238,547,300
36,431,359
16,406,288
413,763,681
14,524,080
lpan.
due
"
'
715,754,988
144,024,525
14,517,271
1,
$500,000
serially
March
1948-1D59.
1,
1967.
(May).
1,
'
\
Co.
5,196,095
*
•
P
«
■
50,000,000
i
'
1955-1962.
000;
property
(E.
I.)
Co.
1,
,
(June).
of
common
stock.
$135,000
.
notes, due May 1,
•
1962.
<
.
May 15,
1961.
;
.
Products
Co.,
notes,
due
serially
'
Products
Co.,
4'/2%
cumulative
,
Basic
Refractories;
Inc., 1st mtge.
$1,500,000 (January),
3%%).
Battle Creek Gas
Co.,
1st mtge. 3%
Beneficial
Loan
1,
Industrijal
1967.
$20,000,000
.Corp.,
td' April
preferred
notes
Inc.
1,
stock.
loan
896,404
(new
int.
rate
..
bonds.
2%%
$1,200,000
promissory
(June).
(May).
notes,
due
Bell, Inc., .4Vfc% preferred stock.
$2,000,000 (June).
Bridgeport Brass Co., 15-year 3 V2
% debentures, due 1954-62.
000 (March).
1
(new "
Inc.
Edison
shares
of
class
3%
B
Bufger
,
f.
stock
due April 1,
of
&
Burlington
,
■.
stock
debentures,
r
,
England
Electric
System
of
due
4.32%
preference
30,600,000 (E. I.)
du Pont
series preferred
stock,
Co.
$6,000,-
3JA%
1st & ref.
mtge.
debentures
due
Hi't-l
,
1,653,429
$25
cumu-
(refunding).
shares
of
4.48%
de
Electric
••
System
Corp.,
•'
>
California Water
&
3%
debentures,
■•-V
sinking
fund
;.>'<•
4%
1
;
(February).
Canada, Dry
1948-1963.
,
,
notes,
due
,
'
j
7'I
due
$1,400,000
1952-1967.
015,-
>
secured
notes, due April 1, 1962.
$575,000
;
Telephone Co., 27/8%
bonds,
due
1971.
$1,000,000
1,
1967.
$5,000,000
.
.
Ginger
(April),
Ale,
Inc.,
loan,
due
April
.
...
Carolina
"
Feb.
Telephone & Teleferaph Co.,
1, 1977. $3,000,000 (March).
30-year
23A%
debentures,
due
Carr-Consolidated Biscuit Co.,' 3% %
20-year sinking fund
debeentures,
due May 1, 1967.
$2,500,000 (April).
Central Ohio .Light & Power
Co., 1st mtge. 2%%
Feb. 1, 1977.
$4,100,000 (January).
•
bonds, series B,
due
,
.
(Continued
on
page
6)
the
following
and
pages
we
tables
on
the
compare
the
June
the
years
year
comprehensive
six months'
figures with those
corresponding periods in the four
preceding, thus affording a five
comparison,
,
1967
*
»i & •*
•
due
Cherry-Burrell Corp., 4% cumulative
preferred stock, 1947 series ($100
par)-. • $2,000,000' (June). <
.
r
,,
Clairk Grave Vault Co.
3Vb^> notes, due May 1, 1962. $750,000 (June).
Coast Counties Gas &
Electric Co., 1st mtge. 23A%
bonds, series of
1947.
$900,000 (January)!. ,
for the
(refunding).
Nemours & Co. 30,000
shrs, of $3.50
jio par stock (general corporate
purposes).
England
due
promissory notes,
1977
,
'S?
Mills
Manufacturing Co.,
(May).
bonds,
3J/4%-4%
fund
•
»
1,653,429 shares of
par
/
sinking
(refunding).
series of $25 par
Co.
Co.,
(Jahuary).
111
•
25,000,000 New
Inc.
1977
April
promissory notes,
■
700,000 shares Of $3.50!
(general corporate pur-
par
(refunding).
convertible
i'-'Vj!
Co.
no
poses).
New
Brewing
(March).
coll.
debs., due April 1, 1967
retire promissory
notes,'$10,060,-'
and working
capital, $9,570,000).'
deNemours
Manufacturing Co., 4%
$400,0Q0 (March).',' '
1962.
ref.
f.
s.
serial
,
Brunner
,
;
Co. of New
York,
series B,
preferred
Broadway Department Store,
Inc., 2!4%-33/a%.
due 1948-1967.
$3,000,000: (May). ->••■'.
debs.,
,
1
about
.
Blue
Ss
money).
1957.
$400,000
.
(average
.
•
1st
notes,
$COO.OOO
,
3%%
(April),
Automatic
(April).
000,000
41,335,725 Southern California Edison
,
$5,000,-
Electrical
(March).
'
*
1967
■
.
York,
purposes).
additions
duPont
•"(refunding).
r,i
.
shares
Manufacturing Co., 15-year 3J/a%
promissory
1962.
$2,5b0,000 (June).
Athey " Products
Corp., 4%% mortgage loan due
due
Bush
41,335,725 Southern California Edison
j
'
lative preferred
stock,
679,027,515
iu-i-
Apex
capital
35-year 2%%
.
New
2!/a%
.(refunding, $20,370,000;
series
;
1,009,379,578
barge Domestic Corporate Issues
During the Half Year
Below we list- the
principal issues of securities placed
iluring the first half of 1947,
giving at the same time (in
parenthesis) the purpose of the issue:
000
de-
25,000,000 Atlantic
Refining Co. 250,000 shares of
3.75% climul. pref,
j
stock, series B of $100 par (new
money).
19,000,000 Northern States Power
Co. (Wis.) 1st
i'
mtge. 2%% bonds,
;
due 1977 (refunding,
$17,866,107; new money, $1,133,813).
71,400,000
1,103,124,621
50,229,838
67,500
•
,
$500,000
MAY
1,416,034,096
45,166,731
Co.,
'
American-Marietta Co., 15-year 3%%
APRIL
(corporate
$100,000,000 Consolidated
i
;
bonds, 2%%
2,151,844,705
124,821,590
of
money).
due May
,N40,000,00t) United.States Rubber
Co. 20-year 2%%
;
,
■
i.'April 1, 1967 (new
money).
•
.986,393,659
27,962,393
shares
(new
par
23A%, due 1982 (refunding).
25-year
40,000,000 Remington Rand,
3,227,489,031
66,136,160
Maracaibo
(June),
Automatic
18-year 2%%
Electric Association
20-year S.
series H, due 1967
(refunding).
51,817,881 American Tobacco
Total
292,202,905
notes
,
American
&
27/b%'bonds,
1
:
$100,000,000 Gulf
•
1,793^505,620
due
'
*.••••.
$2,668,392,855
29,962,725
Jan.
Supply Co. 5% subordinated
debentures, due Dec.
$300,000 (January).
Hospital Supply Co.
21A%-3%% serial notes, due Dec.
I,
1947-1961.
$750,000 (January),
American Iron & Machine
Works Co. 4%"
sinking fund debentures, due
Feb. 1, 1962.
$1,000,000, (May).
•
i, 1&72 (new'
■
(new money)',
of
678,965,015
444,056,041
643,868,695
10-year 4%
3^A%
due
•
30
Cbmmon
Stocks
notes,
'
'
:
Machines
"
-
$218,006,733
92,089,240
Body Co.
loan
a
American Hospital
Co,
$200,000,000 American Telephone &
Telegraph
i "
! : due April 1, 1982
(new money).
100,000,000 Consolidated Edisoni
Co.
1,103,124;62l
946.379,5*78
702,258,990
867,060,500
&
v
MARCH
2,125,944,705
934,143,659
393,513,681
715,333,113
1.416.034,096
36,431,359
933,136,300
,.1939
together with
promissory notes, due Jan.
/,,y.
■
.
'
10,000,000 Yale
$207,334,236 $2,657,720,358
435*213,-541
3,143,446,531
1,257,492,300
1940
1938
Stocks:
97,045,908
sinking fund
America, 2.55%
Americah Colortype Co.
$1,825,000 (March).
of
debs., Jan. 1, 1972 (refunding,
replacement, etc. $16,062>500).
plant
Business
Total
$493,806,472
604,185,000
shares)
promissory
f. loan,
s.
10,095,372 Swift International.
Co.,
J
stock of 15 Argentine gold
,
369,395,000
1942——r—
of
,
•"
711,415,000
1945-™--™
1943
.
Preferred
,
(2,100
15,000,000 New York State Electric &
Gas Corp.
150,000 shacks of
i 3%% cumul. preferred stock of
$100 par
(refunding $12,000,000; new construction,
$3,000,000).
12,000,000 United Air Lines, Inc.
20-year 3JA% debs., series
A, due
Feb. 1, 1967 (Expansion). :
30
2,081,174,000
1944_—
„
-
in.
of
.
2.55%
FEBRUARY
$20,000,000 International
j
$1,956,579,650
1946
Co.
$40,000,000,.{Janizary).
,
(new hioney),
par
"
:
CORPORATE ISSUES—INCLUDING
CANADIAN—JAN. 1 TO
Bonds and
•
],[
'
FOREIGN
12-year 4%%
(January).
$1,000,000
Aluminum
financing.
(
DOMESTIC AND
,f-
months of 1947
.
,
Stocks
future
Common
Stocks
2,005,974,000
1,768,505,620
This is
greatest
placements
American
America
25-year 2%%
Tire
22,425,000 New England
Notes
19461-™—
1945™—™
in
1947.
the
summary of the figures for the
past several years:
"
;The second table
corporations:;
$1,956,579,650
and
.
i
money).
Bonds and
1947
months of
involved
Aerovox Corp.
25-year 2%%
debs., due
t
<
,
Jan. 1,, 1972 (refunding). ■
■
23,968, 620 United States Gypsum Co.
399,477 shares common stock of
,
first half of each of the
past'10 years.
Co.
$18,937,500;
like
j In the tabulation below we show the
volume of cor¬
porate issues by. types of securities
brought out in the
DOMESTIC
&
;
period as far as pur records
show, the nearest approach being in 1927 when
$622,212,000 was recorded. Other industrial and manufactur¬
ing totaled $727,731,443 and all other
categories $433,-
:includes foreign
of
money).
35,000, 000 Swift
corporate issues fbr the
half-year, bonds and notes added
up to $1,956,579,650, as
compared with $2,081,174,000 for
the same period in
1946, and stocks totaled $711,813,205
as against
$1,146,315,031 a year ago. Of the total finan¬
cing the largest thare,
$1,379,792,773, fell under the clas¬
sification of public
utilities, the greatest since 1936,
swhen
$1,041,797.,628. was reached. -Railroads accounted
"for $127,370,000 as
compared with $572,381,000 in 1946
and $720,701,800 in
1945, which latter amount has never
' j
Co.
35,000 000 Dow Chemical Co.
2.70%
largest, since 1930 when
$3,964,471,707 was re¬
ported.
Of the, 1947
financing $1,793,640,123 was for
mew
money and $874,752,732 for
refunding. Of the total
498,639.
six
amount
1,1966.
the
a
issues
■
JANUARY
11
$3,227,489,031 for the like period of 1946. The
for
of
American, Coach
Half Year
.
compared with
1938-4.
966,370,209
445,809,538
812,260,915
1,272,716,733 4,985,870,721 6,258,1587,454
notes due May
1, 1959 and
already included in the April
Corporate financing for the first six
months of
an
aggregate value of $2,668,392,855,
exceeded
character, aggregating $648,727,100
relatively few large purchasers,
442,572,659 1,439,729,428 1,882,302,037
White's Auto Stores, Inc.
12-year 4y2.%.
of State Finance Co., which amounts
were
bad
been
security issues placed privately shows
during the first
largest in total
third
,
and banks.
No distinc¬
between private and
public issues in our
detailed compilation of
the Capital flotations.
It ought
also to be made
clear, to avoid any
the
figures, that the compilation is misunderstanding of
only of security issues
and does not
include bank loans.
Following is a list of all private issues
which we have
reported in the first six
989,700,890 1,203,810,112
102,481,627
163,171,703
347,546,911
515,320,272
60,690,076
167,773,361
3,515,117,815, 3,08q,136,616 6,595,254,43.1
$1,000,000
(par $100)
sold
".v
Securities in the Half-Year
is made
830,144,074 3,546,141,293 4,376,285,367
331,843,111
676,193,682
774,353,675
'
tRevised.
1977
ordinarily insurance companies
tion
425,940,883 1,798,499,779 2,224,440,662
Twelve months
'
754,156,243
338,267,743
706,075,793
quarter
-
duo
Private
404,203,191 1,747,641,514 2,151,844,705
818,475,112
451,909,142
314,990,678
65,208,350
86,315,940
105,385,492
series,
sales, it might be well to
explain, comorise
those securities
issues not
publicly offered but sold di¬
rectly by negotiation to a
263,135,283 1,010,793,728 1,273,929,011
1,096,184,762,2,131,304,269 3,227,489,031
266,634,761'
589,877,742
668,968,183
27/a%
this
any six month period since
we started com¬
piling these figures
separately in 1937.
The figures for
the
half-year of 1947 compare with
$428,126,055 for the
first six months
of 1946 and
$561,560,000 in the like
period of 1945.
The 1947 total of
issues placed through
the private route
amounted to 24.3% of all
corporate
financing and compares with
13.4% so placed in the halfyear of 1946.
665,545,237
526,446,349
81,937,425
™
"
the
—
Fourth
j
were
877,915,694
102,423,035
159,360,123
i.
Our record "of
,
322,970,703
191,107,290
363,837,701
162,i82,000
690,386,056 1,000,987,783
—,_™.
mtge. bonds,
>
of
that 156 issues of
this
Total
247,624,054
317,876,811
1,989,637,129 2,823,226,834 4,812,863,963
was
Refunding
112,954,001
ll—1
November
1st
•
Private Sales
$
months
December™
.
•
Total
387,662,791
671,103,991
382,151,431
874,752,732 2,668,392,855
(refunding),
number
nature for
310,601,727
.
;
I
the
289,889,643
183,983,528
601,369,659 1,704,734,224
$59,-
2Va%
24,000,060 Kentucky Utilities
Co. 1st
mtge. bonds, series A 3%, due
May I 1977
($22,050,000 refunding; $1,950,000 cost of
1945
368,801,533
354,302,081
170,348,753
October
32,000,000 Toledo Edison Co.
of
$
311,709,864
2V»'%
mtge.
,
-tl945-
Refunding
40-year
,
additions, etc,).
amounts
Co,
(advances to
subsidiary and
extensions, improvements, etc.).
American Cyanamid
Co. 391,076 shares
cumul. pref. stock.
series A, 3 %
% convertible
(par $100) (refunding] and expansich).
additional private
as
Telegraph
1987
for
Bell Telephone &
Telegraph Co. 40-year
debentures, due July 1, 1987 (new).
6O,OGO,O0O Consolidated Edison
Co. of New
York, Inc. 1st & ref.
,
bonds, 2%% series C, due JUnd
1, 1972 (refunding,
,
050,000; additions,
etc., $950,000).
40,000,000 Public Service
Co.
of
Colorado
1st
mtge. bonds,
series, due June 1, 1977
(refunding).
;
39,107,600
figures since Janu¬
monthly
particularly
893,452,367
»<
different
1,
companies
,
or
963,658,631
September
J
and $2,473,631
purposes
448.903.580
317,497,872 ,1528,164,539
210,657,327
727,666,105
:
,
or
73.214,460
1,793,640,123
Third quarter
and
financing is brought to light.
134,670,053
47,616,401
128,315,273:
449,646,550
This
Revisions of the 1946 and 1947
fig-
may be necessary,
$
July
August
Nine
total
&
June
75,000,000 Southern
$79,-
273,383,073
375,689,120
1210,666,667
517,003,778
1,103,364,565
™l
months_;
new
Telephone
due
,
Of the June total $211,543,277
;
corporate financing.
New Capital
$
30,923,566
139,824,303
309,822,247
First quarter
for
was
FIGURES BY MONTHS
Total
$
102,635,204
February™.
month's
-tl946-
Refunding
$
252,109.489
:
1946.
1945, showing the
ary,
.ion-
January—
the
represented refunding issues.
BelbW we present a tabulation of
the
was
of
$200,000,000 American
bentures,
associated
obligations.
de¬
JUNE
aggregate of
to refund
used
1.2%
.
financing
10.9%
for June,
.152
..
,
coupon
ah
were
financing for June aggregated $214,016,compared With $107,694,076 for
May and $124,256,-
908'
principal issues for the month were
$200,000,000
Telephone & Telegraph 40-year 27/s% de¬
bentures; $60,000,000 Consolidated Edison Co.1 of New
York, Inc., 1st and refunding mortgage
2%s; $75,000,€00 Southern Bell
Telephone & Telegraph Co. 40-year
2%% debentures;.$40J)00,000 Public Service
Co. of Colo.,
1st
mortgage., 2%s; $32,000,000 Toledo Edison Co. 1st
mortgage 27/gs, and $24,000,000
Kentucky Utilities Co.
1st mortgage 3s.
.
for
Municipal
The
.
issues
compared
of the May total;
40.9% of the April fi¬
nancing; 18.7% of the issues so placed in
March; 43.8%
of the
February total, and 45.8% placed
through the
private route in January.
American
.
bond
proceeds of'which
Private financing for the month
added up to
894,100, the result of> 29 issues being so placed.
,
money
i
Australia
outstanding higher
operations. Thus,
trend in that new
the
reversed
of
$38,000,000, the
,
and
27/b%
of lone
And foz the Six Months of the Calendar
Year 1947
$727,666,105, the largest for any single month
since De¬
cember, 1946 when the total reached
3
m
;
1
m—nrr-
p
V
A,
r-i
■
O#
>-
-a
r
&
H
a
w
0
2
2
0
a
n
>
a
>
>
-
•s
is*
^
r
2
O
O
a
a-
>
.>2
o
a
0
r
%
.
g
w
O
e
3
CL
t—f
O
*—
:
»-«
Ch
t-
Sb
cn
£0
79, 0 10, 0 15,3a9yJ 2,6750 18,0 0
-1943 Refundi g <7,5 9X5 ,9 3 1, 750 10, 0
95,812568 43,750 40,753 49 180,4917
12,4^925 10, 0 6,0 0 1,50 0
Total
125,8193 4,6150 50,94736 21,37456
1,40 10,9401
Total
$
$
67,2
Capitl
$
New
Total
70 ,0
Refundig 46,830
412,340,699
12,40691 87,150 31,45 08
Total
194 Capitl 0,5670 1750,0 3,0,783 21,0 0
36,9823 4X25,0 2,982 08 63,506 91
Capitl
38,01 0 50,38290 170,3571
Total
$
3
New
Total
592,125
79,065 0 2,80,30
$
818,903,574235
178 0,30
—1945 Refundi g 78, 05
$
$
*
Total
412,06 0 126,4 125 135,8710 19,50 0
30,1 0 7,9250 18,370
—1946
Capitl
New
$
10 /90
,
59,680
210,65732 38,0 0 38,450 2,47361
-
$
Capitl
OSUMFARY
New
$
10 ,0
43,140 60,92 73 2,568305
517,08 15,2 0
85,02408
29,46750 ~5o 7o 2,71583 36,9823
3,14950
170,30
31,50 0 48,79215 10,46T57
81,937425
30 ,0
1,80,30
170,30
31,50 47,80 0 I.TiXo q
80,5 30
9 2,125
9 2,125
9 2,125 "360, 0
1,352,15
80,3 1,50 1,29 5
360, 0
360, 0
80,30
50 ,0
50 ,0
3,40 184,0 60,5 0 10, 0 4,80,0 1,872,0 46,20 0 431,5620
1,50 0
12».*
Capitl $ 7,340 28,50
29,43625 4,80o7p0 4,1390 14,2065
Total
1
$
rny-
30,25 0 xi-zcib3
New
28,5 0
1,4 6, 0
3,0 ,0 1,250, 0
Refundi g 156,tl0
$
50 ,0
50 ,0
10 ,0 1 )0, 0
28,5 0 476,504 50,0 3,80 3,0 ,0 7,250,90 46,0 0 59,680
$
-1947
■.
—tT-
31,26375 10, 0 1,872,0 2,061 0 317,5937
New
50 ,0
3,80 6,0 ,0
90,0 0
54,09130 16,7950 1807931 89,36457 1,54,0 5,0,0 83,26 40 261,79 25 3,40 238,9130 16,7950 1,8X931 150,4 7 10,540 4.890 5,0,0 1,8720 .•».
H,
Refundig 26,0 0 156,30
-1946
ACHANRDTE Capitl 319,80
21,54327 289,7543, 05
bStaoteyainsed
1,64 08 13,0 0 30,0
2,872,45
78,05
$
31,709864
——1947 Refundig 162,7%0 48739,27
1,50 , 0 29, 425
41,2685 13,0 0 30,0 50 ,0 2,715,83 12,40691
1,7583 4,820,783 3,720
176 ",0 31,567 0
—f
72,6 105 38,0 0 53,680 214,0698
.
16,943 25 10, 0
95,812568
New
9,145,0 108,35 2
109,380 2,56830
"50 76 6
79,065 0
Total
4318,20,35917606 tfhroaamguneincpfnaldctyes CNOGORRPEUFAPWTIE
GFOOVERRCENIMGPNTA,T,
Total
2,761903 36,04 0 23,980
3o,i7o 47,50 1,47560
$
Capitl
14,2065 79,ju<oi.9 17,69 20
2,761,908
82,405
$
42
50 ,0 0
$
1,75,83 7,59261 39,760 23,980
Refundi g 30,9xo 47,50 l.iTXo
-1945
382,1543 40,580 16,203
Refundig 297,85 37 47104,56 17,68 50 19,50
$
26,34750
New
693,81295 49,7250 124,5612
50 ,0 0
$
3,720
$
1,352,1 $ 8,0 ,0 ,56790 51,97 15
New
1,50,0 7,50 0
13,80
8,90250 13,0 0 30 ,0u
Refundig 36,04 0 23,980
-194
867,42 GFoevdrnmat.l YFJOETMFIUSATUIVHRNNSAHSERED
YFEJOAITMFUVIRNHNAFSLUACORRPGDLMN
Capitl
~ 4o 7o 592,125
360, 0
$
806,0 750, 0
6,0 ,0
10, 0
10, 0
,
.
85,02408 83,025 0 8,471,20 176,498 0
:
10,53493 46,830 70,0 48,391568 "238765
10,53493
5,876/85
39,760 23,980 35,20. 13,0 0 30 ,0 50 , 0 1,0 ,0
s
Relundmg 76,905 2,76l908 5,20, 0
$
12,49 25
10, 0
New
65,3493 10, 0 ',238,0 1,50,0 125,8 93
1,50,0 18,03493 47,2890 1,450, 0
16,53493
85,27 5
943,425
806,0 750, 0
s
10, 0
10, 0
97, 0
37,856 7 "23876 5
$
—194?-
Capitl
29,45
87,5 0 1750 ,0 6,09261 26,50
$
47,2890 1,450 38,0 10, 0 238,0
$
10 ,0 10 ,0
4,58340 43,1 40
56,97106 10, 0 1,872.0
90,0 0
23,84190 16,7950 31,1 ~18(69 63,519 43 1,540 5,0,0 74,56 975 197,0 239 7,340, 0 52,341 90 16,7950 1,"80.931 93,4 568 1,540 4,830 5,0,0 18,704.95
60,0 0
560, 0
24,159 0 13,87105 28,5 0 532,4 27 84,6905 3,74,928 7,250, 0 70,259 0
5,920 7 50,98 05 74,928
184,2710 15,78627 3,0 0 1,250, 0 b,J6l.LK)
4,95,0 48,379 27
15,78627
27,6 10
162,760
8,697425 64,792056 26,0 0 186,50
25~84 ®
60,0 0
74 ,928
19,2490 83,49738 28.5 ,0 348,172 560,0 69,10423 6,0 0 6J,oa8uO
28,4 127 35,2043 74,928
funds
potes- _ notes- notes- agencis—-&t, — include Notes- — copert manufctrig heoldtcin.g, Notes- — e.- manufctres—_ manufctrig- — hoeldticn.g, — „etc manufctrig— heoldtcin.g, etc manufctrig- 1heoldtcin.g, .
693,8271251,006^45.3
517,08
JUNE bLoonagn-ntdedrsm Sh;ort-em Presftocr.ekd stoc—k_ bLooanngn-tdedrmsShort-em Presftorcekd stock Lboonagnn-tdedrsmShort-em Presftocrekd stock-. corpate toal-. dfniguorets JOFUNE
BLaoonng-dTesrm Railro.ds utiles csoteal,l, Emanqufucitpremsent anoid iandnusdtrl beutcild.—ngs, trtarIdunveisnstmgn,, Miscelanou BSoahonnrt-dTdesm Railrod—s utiles— ccospoteaer,l,l, Equipment acaesno—rid iandnustdrl beuildtcngs, — trtaInrvdueissntmg,n,,Miscelanous Stocks—-» Rai^lro_ds utiles— ccsootpeaerll,,,Eqmaunuipfcmtesnt aaenordis inadunstrdl beuildtc—ngs,J .—— ttrIrnavuedsstimngn,,Miscelanous Railrods utiles cscotopeaerl,l,,Emqunuifptme-n.t aacesnorid- indaunstrdl beuitldcn.-gs, .— ttrIranvuedsstimngn,,Miscelanous cseocrpuritate
D—Corp ate omestic- Candi - foreignGCoavenrnmdiatnforgoeveringmnt GLoavannd, ♦Municpal—Stes,PSosteaiens
OFMONTH
Com on
Com on Other
Com on
Grand
Total
Other Farm
United
MONTH
♦These
Total
Public Iron, Mot rs Other Land,
Ship ng
otal—
T
Public Iron, Mot rs Other Land,
Ship ng
Public Iron, Motors Other Land, Rub er
Ship ing
Public Iron, Motors Other Land,
Ship ing
Total
i—<
to
'
CO
Oi
to
Total
$
327,1450 2,0 0 27,96239 16,40 28 20,50, 0
413,76 81 90, 0 246,975 '2,6 10,67
Refundi g 23,8130 17,8967 3 3,568, 0 18,0 0
Total
$
86,94 0 125,0 3;2,50, 0:520, 0 *12,~4¥o765 10, 0 5,23 ,0 2,05,0 1,793,0 347,950
468,795
2,0 ,0 2,102,40 39,7 486
2,0 ,0
2,0 ,0 4 ,368 1 86,94 ,0 127,3024 0 3,250, 0 520, 0 10, 0 5,23 ,0 2,518,795 3,793,0
174,97456
413.76 81
.
$
-1943
263,8746 90, 0 235, 67 5 1 ,93581
Refundi g 56,4830 13,790 65,083 0 5,083756 1,79365 241,82 03
$
-1943
21,465 73
21,465 73 56,483,0 13,790 86,549 76 5~083~o6 1,7936 263.87,46
A
Capit l 103,2 197 2,0 0 10,6540 12,837608 2,50, 0
$
Total
s
1,0816,59421,035 236/70^ 307,9503 20, 0
Refundi g 52,06549 10,75 0 152,079218 3,1 3,583 31,250, 0
72,5829 21,0350 2370~4 60 29,705640 7,290, 0
Capit l 152,947506 2,0 ,0 86,4802 3,4276 21,0 ,0
295,78364 4,730, 0 98,251398 12,70
$
$
New
Total
90 ,0 0
$
1,72450,62 4,0 0 29,0295 65,23610 25,0 ,0
Refundi g 1,493 52,9 4,0 0 173,5 60 12,30872 25,0 ,0
$
2,1584,705 417,3860 358.4~lb7o5 46,135026 5,0 ,0
1,7461,54 17,3860 34,2150 27, 60
Total
2,0 ,0
12,750 30,79 452 17,692 10,38,90 4576 65 1,905 8 275,03659 15,350 326,438 52 57,40 0 276, 92 63,58 90 19,2650 45,0,0 74,02 08
1,08 6,59
10,75 0 2i7o¥75 83,Tl¥26 45760, 3,0267 5 15,92801 12,04 0 317,063 0 50,4 0 120,98.02 13,0 0 19,2650 45,0 0 34,92 75
72,58.295,
~
7410,6953
$
50 ,0 0
145;3,0 294,8 0 57,40 0 97,50 053,40 19,265,0 62,150 730,2630 10, 0 750, 0
Refundi g 12,04 0 29,630 50,4 0 37,81 94 13,0 0 19,265,0 31,465 0 5.6,31549 10, 0 750, 0
S
1944
1,9620237874,951
Capit l 3,095 0 2,635,0 7,0 ,0 59,618 06 40,50, 0 ~1>¥O76 357649 5 173,947503
$
2,0 ,0
New
Total
2,94718,593762
2,3698514
24,1950 218,409 26 5,0 ,0 651,80721
New
i
8
'1
1
2,0 ,0
6,740, 52
8, 78,3
94,05317 10,3890
80,30
$
19,80 58 3,095 0 9,375,42 7,0 ,0 15,67129 50,8 90 ~¥o 76 6 39,527 3 295,78364
720,531 0 659,20. 30,6 0 23,947120 28,0 0 3,57,0 35,0 0 9,~23~276 30,10, 0
4,0 ,0
4,0 ,0 60,438 71 3,290, 0 5,0 075 5182,706 18 35,0 0
Refundi g 654,92350 650,29 0 30,5 0 130,7 2 3,¥1576 26,509720 i¥3276 6 18,0 0
4,0 0
80,30
4,0 0 5,410 7 1,837,920 _¥37 5 5 60,576210 32,46910 6750,50 28,37 2 185,4 52 65,09380 749,615 70 32, 7920 "2¥7 5 0 190,53982 32,46910 3,215,0 3,09720 4,32765 46,37 2
~
s
—1945
$
$
90 ,0 0
2,0 849,0 3,125,0 702,58390435,2154 67,0,0
1,6538,21 2,14.0 351,8241 67,0,0
*
"
Capital 349,63719 1.01,0 350,4 87 36, 4165
$
90 ,0 0
$
$
1,942879,65013,70 0493,806.472 07,34235
39 ,0 0
3,2470*8,29319
456,3850 130,5830
2,130469
7,841,0
New
Total
529,80. 0584,20 160
101,50
7,50 , 0
'Refundig '^48,7936
-1946
7,50 , 0 7,942750
73,4150 45,041.860
1,09684,762
COIRSPTUNAHEIED
lo,27a437 2,68392,5 182,10 13,0 0283.70, 1,347 ,326 52,0 ,0
.
Refundi g 653,21 423 3,2 5.0 187, 625 31,90 57
$
7i
-19
Capit l 1,2896 ,27 i0.4ba,o 306,920 1<o,x4179
S
GRONUEPFIW
874,5273 83,0 T0 186,50 20,4 63 29,0 0
Jv/l,UuJ
CHAARNCTDER
/<3,4» 1,793640,123 82,1 0 30, 0 9/,250 1,3245C,863 23,0 0
lu,2
New
Capit l 65,08 0 9,25,0 10,0 102,569348 28,0 0 360,0 8,490,280 i,¥6 76 6 12,0 0
New
S3,15,94.375818,6672374,381569bStamfuryneiaoctspdFhglneGeovQsdr{ynMumIc.a-UElubMSdoimcfgabtnefsrCslPNBiupyswck FTMAEOHJNFI3URXDO0SR
FOGROFVELEAIGRMNNFUNMINTSAMCDOTEP,JNRULXGDH
Total
CORPATE,
2,0 ,0 27r62,45o 18,¥3l7813 4687 95 276 756 2,903 8 30,46 0 13.92,40 3,250, 0 520, 0 87,64~875i6 10, 0 150, 0 2,518,795 2,0 ,0 150,476205
56,473 0 358, 9085 720, 180 763,8 471 3,890 576 705 415,6318 63,50 0 3,57 ,0 49,850926 9723756 86,573,70
FPNrBoviuUepnSlscawftkd. YIEVARS 2,618039543-,72174.20>,865968-7
3FYOIE0VARS
90 .0 0
Capit l 231,5268 ^82547",53,10528
$
SUOM AFRY
2,0 ,0
New
$
678,013 0 12,750 238,54730 36,45 39 52,50, 0
-194
-1945
Capital 30,46 0 1,8210 3,250. 0 520, 0 47,¥l 197 10, 0 150, 0 2,05,0 105,73197
150,476205 1,490 15,017 86
New
Total
$
572,3810 640,750 40, 0, 0 12,5067 6193,2450 46,50 013,59,0 41,4,50 16,3276 84,21 50
Refundi g 51,950 609,52 94 25,0 ,0 95,87 63 407,168.427 8,359,0 50 ,0 0 9,2376O 20,3 2,6 7
'
$
—1946-
1,15,784952062
5,028,301 1,452,08
50 ,0 0
2,0782314,9568
125,0 0
.2,064
3,125,0
304,81 4 25,90, 0 58,"45736954,97 2 26,428,10 1,61,9301,021,8011,421,3716,74 30
2,1 4,0
247,58 671 '5,62 0 "¥l27 1812-,57345 -60, 27319,57 2,69725 19,0582 40,8498 51,90' 859,60526 30,6250 "¥l¥7l5218,4908 407.6R427 8,359,0 2,819,57 1750172539,68,49
37 ,50
¥57600
1,0 1,0
5723",17 20,350 57.63X51 421,94 67 25,8 10 37 ,50 9,27,3 1,021,801 9,15 , 12 142,7850 745,10 43 20,386,0 8,1 57 35,2 0 70,132651 519,7384 83,159673 5,17,50 50,241,83 1.021,801 16,051 2 206,713 8
26798~4,723 342,6594326,91,67 3,20,0 27O ~0,6 74,610572 71,83205 127,30 1,379 2,733,50,0 15.860, 0 72,31.4 13,4106743.561,0 65,0 ,0 27o 75 172,35 72
<
3782576
Refundi g 24,30 0 516, 42 3,0 ,0- 45,136 95 3,945,0 32,71 0 25,0 0 2,5 1,986 653,21 43 20 ,6
-1947 s
"
v
7
;
1,46350
9,675,06 13,70 , 0
"43676 6 "¥6 76 6
127,30 1, 608,5 3,50,0 15,30 031,6405 104,750 40,361,0 65,0 0 87,5O7 6 1,94287,650 ;:"~20 ,6
572,3810 947,86 4265,90, 0 70,¥457369738,24 92 490,2810 13,56,50 53,061,4301.021,80127,53,27246,081 30
•'"■'i
-
Capital 20,386.0 30,52 40615,0 ,0GQ 12,50,0 97,369,36757,31573 4,80,0 40,94,50 8,90.0 63,90 873. 349,63719
$
^
50,0 0
2,50 , 0
New
Total
360, 0
172,85063 65,08 0 14,253 01 1,5208 iT&SoO 24,69.156 31,0 90 16,041206 4.90,0 40,196048
87350,926 28,096 48
.
1,72835,281
$
5,03 ,90
4:7625 J.2,1980
'
3,0"5,o6
60,0 0
3,2 5,0
¥(¥,930
I7932",97 23,4l7085
9,853, 17
218,306 9 24.30, 0 69,08 619 3.0 .0 73,57 80 3,945,0 32,71 0 25,0 0 ~YO¥,930 15.40,3
'
Capit l 103,7 0 60.41,08 3,50,0 12,8067 5 36,50385 10,850 .7,650 40, 0 85,~29¥76l4 1,2896 ,27
$
3,825,0
New
6740, 5 10,4650
83761,46 " 60,5 5 31,84 58 26,91 67 3,20,0 L29L07 64,75 25 493,508 96 103,7 0 683,70 154 3,50,0 12,860 654,1736 127,496 7 10,85 0 40, 0 1,"29175 156,89 26
874,523
— , — :agencisd . fuonbdtaisePrvcf Notes— etc—* —manufctrig hoeldtcin.-g, Notes— , —manufctrig — hoelditncg., manufctrig holeditncg., . —.manufctrig holeditncg., 1,7936402
EJN3UDN0ECorpate— bonandotsdes boannodtsdes stock- boannodtdses corpate.:GovernmtforegoviegrnmntLGoaanvnd,•Municpcali—t-Ses,S,Potsaeeisn toal-— fdiginuncroluoedste{Inctlboulhidgaesfns MEOJN3NUDTNH0SE LoBngo-aTnedrms j.— :utiles sccteoopall,e,rE,qumiapnumfcetnts—; aneodri induastnridl bueildtncgs, ^—* Miscelanous.r ShBorot-Tnaedms -—. aacnesdori Miscelanous - .
,
Invtterrsautmdsning,, util es sctceoeopatll,,Er,qumipamnufent induastnrdl ,bueildtngcs., ._ Intvtrersuatmsdning,, utiles— scctoeeopatll,,rE,qumiapnmufecntes^ andori induastnrdl bueildtncgs,1 — Inttvrreusatmdsinng,M,iscelanous util es sccetooepall,,,Equmiapnmufecnttres andoi indausntrdl bueildtncgs, A- — Itntrvreuastdsminng,,Miscelanou-*_s■ csoerpcuraitte
X—:
MONTHS Domestic- Long-termShort-emPrefsrtoecdkComstocoknCandian- Long-termShort-ermPrefreCdomstoocnk foreign- Long-termShort-erm PrefstroecdkComstoocnk
6
Other
Total
Grand
Can dian Other
Farm
United
•These
Total
0
Railroads Public Iron,
Motors Other Land, Rub er Ship ing
Oil
»
Railroads Public Iron,
Motors Other x Land, Rub er Ship ing
Oil
Stocks— Railroads Public Iron,
.
Motors Other
"
Land,
Ru•b e_r Ship ing
Total
Total—
Railroads Public Iron,
Tntal
Motors Other Land, Rub er Ship ing
Oil
cn
6
19 Rector Street
(Continued from page 3)
Community
1969.
Public
Service
1st
Co.
Railway
1, 1966.
Dcdham
Do Jay
Delta
&
1st
Air
<E. I.)
bonds,
mtge.
serial notes, series A, due
'
.
.
2.70ft>
/
tures.
&
Chemicals,
Inc.,
Co.,' 1st
$500,000 (May).
Kansas
Utilities,
$600,000
Sfpt. 1, 1967.
3ft
series preferred
bonds,1 due
fund
sinking
24,000 shares of 4ft ft
Corp.
of
preferred stock
May
sinking
20-year
fund
deben¬
mtge.
3ya%
bonds,
series
due
A,
Pettiboae
Jan.
Stainless
Steel
Inc., 1st
(May).
mtge.
27/8ft
bonds,
series,
due
Inc.,
ferred stock (par $100).
Auto-Lite
Dec, l, 1961.
Co.,
15,000
shares
promissory
(January). ■
$15,000,000
Equity Development Corp.
Evans Products
$3,500,-
$600,000
Co.
(March).
;
•
to
1,
Jan.
•
Eoote Bros.
Corp. 10-year 4 ft.
Madison
Avenue
mtge.
1st
debentures.
3(4 ft
20-year
Co.,
Paper
Roos
Inc.,
15-year 3% ft
$1,200,000
loan.
Seeman
$3,000,000
$1,250,000
serial loan.
ctfs.,
.'
(February).
4V4ft
cumulative
$2,000,000
1961.
stock.
common
due
Winn
due
Dec.
1»
Jan.
s.-a.
Stores,
12-year
Inc.,-
1959*
1,
May
due
notes
4 ft ft
(April).
June 1, 1977*
B, 2%%, due
1st mtge. bonds, series
(June)'.
Lovett
&i
ctfs.
trust
Erie Ry. lftft equip.
$2,940,000 (June).
due
t
$2,000,000
1, 1967.
notes, due May
3ft
Co.,
Grocery
(June).
Crampton
$500,000
Yale
3.9 ft
Corp.,
semi-annually*
$25,000
due
loan,
(January).
Plastics
Worne
1951.
5,
&
Winters
1967.
$1,500,000 (June).
notes,
$2,500,000
bonds.
mtge,,
1st
3ftft
1957.
Water Co.,
Wichita
$1,440,000
.
-
.
$175,-^
$1).
capital stock (par
175,000 shares of
Corp.,
(January).
Towne
&
Mfg.
Co.,
2%%
due May
loan,
$10,000,000
1, 1967.
(February).
3ft
serial
debentures,
4ft
bonds,
series
mtge.
1st
FINANCING
CORPORATE
Last 6 Mos.
156
Volume
J
$648,727,100
Percent of total volume
"24.3
1946—Number of issues——
74
130
Volume
$428,126,055 $1,153,465 324
34.2
Percent of total volume
13.4
Total Year
1st 6 Mos.
due
1947- -Number
Feb.
(March).
Co.,
Gas
PRIVATE
(par $100).
,
.
15-year
Corp.,
$1,850,000
Carolina
cumulative preferred stock
3.80ft
,
Products
1955-62.
South
15-year
Lake
1,
Auto
White's
.
of
subordinated
4ft
(June).
Co.,
Gas
(Jan-
,
shares
&
$1,000,000
A,
>
debentures du©
convertible
4ft ft
(January).
Brothers, Inc.,
Shellmar
1,
Poster & Kleiser Co., 20-year 3 ft ft
series
bonds,
»
,
sem-annua
$300,000
due
loan,
10-year
Co.,
$1,500,000
Natural
Wheeling
;
sinking fund debentures, due April 1
30,000
Co.,
Finance
Gas
1957.
1,
1948-July
•
^
$
(June).
series G
trust
cumui.
1974.
bonds, due
3ft ft
$3,000,000
Natural
$950,000
1,
loan, due Dec.
notes, due May 1, 1962.
Bros., Inc., 3ft
Seaboard
$2,750,000
notes.
sinking fund
May
Corp., 3ft%
(June).
Petroleum
Western
000
$3,000,000 r(June).
Dairies,
(March).
bonds,
Co.,
4!Aft
15,000 shs.
(Maj).
$1,500,000
$100).
Feb*
due
;
Inc.,
Mills,
Cotton
(par
from
due
A,
series
(May).
,
$3,500,000
Corp.,
March
(February).
(February).
$2,000,000
.
Poremost
3 ft ft
1st mtge.
(.March).
RR.,
$700,000
Inc., 3 ft ft
Co.,
Rhinelander
'
(January).
Western
&
1967.
Remington-Rand, Inc., 3ft
$40,000,000 (April).
1959.
Mohawk
stock
Telephone & Telegraph
Western
Railrqad Employees' Corp., subordinated notes. $750,000 (May).
•
,
20-year loan.
& Machine
(January).
(March)..
due
notes,
Eedders-Quigan Corp., 3Va%
Gear
1,
Prosperity
$900,000 (January);
$3,500,000
serial
due
(1.9ft-2.6ft), equipment
$804,000 (June).
Co.
due serially 1949-1954.
Philadelphia
to
$300,000
loan.
debentures,
debentures,
20-year 3 ft ft
(February),
Inc.,
.
uary).
$500,000
1, 1959.
Jan.
4ft.
semi-annually
Transportation
Lines,
1958-1962.
mtge,
debentures,
fund
sinking
Transportation Co., equipment trust certificates,
interest rate 2.66ft).
$5,094,000 (March).
Philadelphia
pre¬
March
(N. Y.), 1st mtge. loan.
(Mass).,
(April).
cumulative
due
note
Co.,' 15-year 3ft ft loan.
Mfg.
4'A ft
of
4ft
(May).
Suburban Transportation Co.,
3ft ft. 1st
due Jan. .1, 1967. $3,000,000 (January)..
Philadelphia
$1,500,000 (January).
2.6 ft.
Electfric Sprayit Co., 4ft ft note, due
Harrington
A,
(average
Corp., unsecured 10-year serial loan.
Stores,
$1,-
1967.
(March).
$1,000,000
10-year serial loan.
Corp.',
$1,000,000
series H,
Brothers
000
td
$12,000,000
&
Warren
Mulliken
1957.
Philadelphia
Air
ferred
$750,000
(May).
Co.,
1953
1967.
IJlica
$1,000,000 (March),
debentures, July 1, 1954.
4ft
sinking fund debentures, due
Co., 3 ft ft
2ftft
2-year
Inc.,
loam
20-year
33/4 ft
secured
Co., 15-year 3ftft serial
1962. $1,325,000 (May).
Winding
7,
United
stock.
preferred
convertible
4 ft ft
Calif.,
1,
Electric Switch
1st
Inc.,
Building,
mtge.
(February),
Laboratories,
Universal
Virginia
&
Avenue
Universal.
May
(March).
Co., Inc., 10-year sinking fund notes.
950,000
Park
(June).
$5,000,000
1956.
subordinated convertible*
2% ft
Inc.,
Air,
Western
&
due June 2,
(March).
cumulative
(May).
Peivick
B.)
Penn
fOO (May).
444
3ft ft
mtge.
Manufacturing Corp.,
series
El?)ptric
1st
(February).
1,
Electric
1977.
Eastern
bonds,
1st mtge.
30-year 3ft
,
(March).
$2,400,000
Finance
Peerless
(April).
$4,000,000
Coast
Edison
$100).
Pal Blade
$35,-
(S.
300,000 shares $3.50
(May).
1
$30,600,000
par).
Plastics
Eastern
Corp.,
$1,500,000
'
1972.
Co
(January).
(no
Durcz
(par
$2,-
'
1,
due Jan.
duPont deNamours & Co.,
stock
Falls
Corp.',
1961.
(par $3),
-
sinking fund loan,
Telephone
Two
$4,764,600
$800,000
$1,000,000 (March).
100,000 shares of common stock
(June).
Y.)
15, 1962.
Pacific
Lines, Inc.,
Co.,
County (N.
(April).
Oswego
Dec.
due
Transcontinental
$1,750,-
loan.
notes,
Oswego Falls
Stores, Inc., 4ft notes due March 1, 1962.
000.000
1,*
3ftft
Co.,
10-year 1st mtge'. 3 ft ft
(N. Y.),
$300,000
(January),
Hyde Park Gas Co., 3 ft ft
Chemical
East
Terminal
Corp
(January),
Orange
•
$75,000 (February).
(January).
200,000
Dow
&
$4,000,000
$125,000
due
3ft,
A,
(April).
$850,000
Crowley's Milk Co., Inc., 5-year 5ft debentures.
Dallas
000
series
bonds,
mtge.
1947
Monday, July 21;
COMMERCIAL & FINANCIAL CHRONICLE
THE
(262)
A,
due
serially
of
issues
210
_
Time
General
preferred
(P.
H.)
stock
H.)
sinking
May
1,
40,000
Co.,
(par
1953.
of
stock
common
(June).
$600,000
Globe-Wernicke
Co., 3%ft
long-term loan.,
$4,500,000
1972.
(March),.
$1,250,000
Goodall-Sanford, Inc., 45,000 shares of 4%
(par $100).
$2,500,000
Gulf Oil
Inc., promissory note, due annually through
(April).
Corp., 25-year 2ftsft..loan,
GUsting-Bacon Manufacturing Co.
000
(January).
Hartford
(Conn.)
Can
Co.,
$1,000,000
1st
Service
Public
bonds,
27/aft
due
note, due April 1,
'
'
1952.
3ft
1st mtge.
bonds,
due
due Feb." 1,
1972.
Thalhimer
sinking
fund
1,
1962.
1949.
1972.
$2,600,000
1949-1955.
May
2% ft
Brothers, Inc.,
notes, due June 1,
■
..
Percent
of
■
27.4
25.2
22.2
volume
38
55
92
$210,664,850
$433,934,550
31.2
64.4
41.5
total( volume
128
$957,337,300
65
92
157
$326,959,904
$507,580,385
$834,540,280
29.6
30.6
issues—
;
-
Percent of total volume
1939- -Number
(parf$100).
Volume
" *
of
int.' rate 2.91ft),
$2,000,000 (May).
66
71
137
$418,577,500
$728,557,500
,
Percent of total
Hilton
fund
Hotels
Corp.,
$16,000,000
1st
1,
..
1,
1st mtge.
(3ft-3ftft)
bonds,
Co.,
1st
4ft ft
mtge.
bonds,
due
Air, Inc.,
23Aft
Power
Co., 1st mtge,
(January).
'
Terminal
sinking fund debentures,
bonds,
2*74ft
1948-July 1,
3ft-
due
series,
2ft equip, trust ctfs.,
1957.
$1,030,000 (June).
RR.,
Indiana Gas & Water Co.,
35.3
Percent of total volume
76
127
$680,511,780
Inter-Mountain
Telephone
3ft, due Dec. 1, 1976.
Feb.
1,
1977.
due semi-annually
Jan.
1st mtge.
Co.,
Machines
Corp.,
2%%
18-year
Detrola
3 ft ft
Corp.,
debentures.
debentures.
15-year
(April).
2% ft
notes due
March
1,
1967.
$3,500,000
<f;ohns-Manville
&
B
( Walter)
Corp. .(interest
Johnson,
2ftft
(par $100).
Kidde
stock
ferred
&
000
Fink
Products
Inc., 3% ft
cumulative
serial loan.
15-year
1967.
loan.
Corp,
&
unsecured loan.
$1,000,000
Inc., 3 ft ft
(February).
McQuay, Inc., 10-year 4ftft
(R. C.)
$3,000,000
(February).
sinking
H.)
fund
Union
loan.
Leader,
4ft
$9,000,000
debentures,
$2,000,000
Cement Manufacturing
(January).
Disintegrating
$100).
Missouri
Co.,
Motors
$1,000,000
CO., 1st mtge,
$400,000 (April).
Realty
Corp.
Y.),
(N.
(January).
Nashville
series
National
&
Heating
1966.
Discount
102,967,421
46,923,000
149,890,421
108,135,852
16,120,300
124,256,152
42,565,790
months^——.
1,324,502,863
20,240,463
1,344,743,326
454,041,860
130,153,300
584,200,160
218,409,026
227,726,000
35,202,540
31,248,000
37,201,523
37,421,703
28,892,195
34,161,742
7,358,500
9,461,000
38,330,600
7,132,000
2,587,400
66,450,549
44,560,023
46,882,703
67,222,799
41,293,742
82,195,838
——4
225,793,864
68,431,748
2,912,000
71,343,748
*98,684,690
56,922,350
23,000,500
79,922,850
254,129,016
56,263,931
31,179,000
87,442,931
2,643,000
*404,424,772
61,320,558
10,023,500
71,344,058
'
124,470,0G0
64,207,783
7,680,000
684,291
132,150,000
64,892,074
71,407,850
L6,605.,400
88,013,250
Ccrp.
$800,000
71,465,300
50,271,318
169,750,382
79,608,438
498,200,997
78,095,009
576,296,006
252,488,141
96,117,500
348,605,641
952,242,857
months
875,000
^808,253,309
1,160,496,166
470,897,167
323,843,500
cumulative
bonds,
10-year
series
B,
(Jan¬
loan,
preferred
2%ft,
loan.
mortgage
mtge." 3%ft
1st
12
months
794,740,66'?
stock
due
June
'
$3,300,000
sinking
figures.
fund
Government Agencies
classification consisted of obliga¬
tions of the Federal Intermediate Credit Banks. Financ¬
ing by government agencies, which in the past 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 agen¬
cies by direct United States Treasury issues instead of
by the sale of their own guaranteed obligations.
The total volume brought out during the first six
months of 1947 by entities grouped under this classifica¬
tion aggregated $283,730,000 as compared with $529,800,000 in 1946 and $358,410,000 in the 1945 period.
'
bonds,
in this
-
(May).
of
South
Co.,
1,
Bend,-
1957.
sinking
3ft
Ind.,
3ftft
fund
$1,000,000
Issues Not Representing
subordinated
due
notes,
It
(May).
serially
(March).
$2,000,000
*
York
June
Light
Co.,
2% ft
1st mtge.
(March).
New
Haven
1, 1948-1952.
.
happens
New Financing
'
on
volved.
England Gas & E'ectric Association, 20-year sinking fund collat¬
eral trust 2%ft bonds, series A, due 1967.
$22,425,000 (March),
Gas
bonds, due May
•
v
■
.
&
Hartford
RR.,
$1,385,000 (June).
ings in our totals since 1942.
whose securities are involved
2'A ft
1,
1972.
.
equip, trust ctfs.,
due
companies wishing to
comply with the Utility Holding Company Act dispose
of their holdings of subsidiary companies through public
offerings. Similarly "special offerings" on the several
stock exchanges are included with the secondary offer¬
Likewise public utility holding
Of course the companies:
receive no part of the
proceeds of the sales. Such offerings as these have no
place in our compilation of new issues, but we havO
tabulated them separately for whatever interest they
may have on their own account, and present the results;
in the table below:
ISSUES
1944
50,583,647
20,646,783
42,486,670
19,246,378
29,750,176
53,842,637
21,820,596 93,147,746
49,233,458 139,002,825
55,128,199
82,694,972
54,491,514
44,765,017
8.624.2C0
April
—;—
Tot. 6 mos.
August
September—
October
—
December
$
225,507,038 439,918,610
July
November
1946
—
—
41,852,919
26,276,816
53,989,592
'
-
NEW FINANCING
14,759,867
23,535,222
49.139.381
11,227,634
13,558,096
60,941,349
—
March
June
'
.
1945
s
$
January
February
,
NOT REPRESENTING
1947
May
new
new
446,13o,02S
119,479,064
Farm Loan and
(January).
(May).
Haven
50,358,299
1,979,000
National Gypsum Co.; G.C00 shares of $4.50 cumulative preferred stock.
new
36,773,71$'
69,486,300
desiring to liquidate all or part of their holdings, prefer
to do so by making a public offering of the securities in¬
$660,000
50,025,000
173,983,899
49,084,535
49,150,000
1948-1962.
Gypsum
$5,000,000
-•*
214,016,903
Financing
(May).
'
Co.,
$750,000
sinking fund notes, due May
National
121,231,497
14,703,091"
*107,694,076
10,932,073
1,203,116
1,583,000
occasion that owners of large blocks of
securities which have been outstanding for some time,
•
$
22,534,000
2,473,631
1,
4
>
Gas
due
„
$
*1,405,643
Total 6
Total
Feb.
(214 ft -3 ft ft)
20-year
I?ic.,
4 ft ft
(March).
Co.,
Utilities
1971.
Total
Refunding
(March).
due
$450,000
'
$5,000,000
-
(par
Capital
$
$
November
$2,500,-
-1945-
New
Total
Refunding
-^lOGABSASS
211,543,277
:
*Revised
'
Metals
-
September—
(January).
21-year' loan.
uary).
Marquette
pre¬
.
notes, due May 1, 1957.
Mahon Co., 15-year 3ftft
(N.
.
MONTHS
BY
FIGURES
-1946-
July
$1,250,-
instalment loan.
debentures, due July 15, 1965.
Co.,
$2,000,000
'Manchester
■;
-
alone reached $404,424,
772, a level reminiscent of prewar days.
Of the total for
the period, $1,324,502,863 was for new money and $20,240,463 for refunding.
,
'
.
.
' ; "
New Capital
Total
December—
Corp., 15-year 3ftft>
Year
.
Loew's, Inc., 2.85ft
McCcrmick
MUNICIPAL
October
(January).
Xape-Rollway
OF
August
4ft ft
18.7
-
—
Total 6
stock,
-
Wly-Tulip Cup Corp., 3ftft
1,
preferred
(May).
Inc., 15,000 shares of
$100).
$1,500,000 (April).
117
$456,302,094
23.3
8,362,500
149,982,000
29,934,500
9,120,500
7,792,500
June——
(June).
$5,000,000
loan.
cumulative
of
Co.,
(par
,i£
&
sinking fund debentures,
2.7ft),
$3,000,000
Xangendorf United Bakeries,
000 (April).
Xehn
cost,
shares
30,000
53
$150,311,094
98,697,497
6,340,591
24,001,839
19,150,035
27,653,214
292,546,016
*401,781,772
—
April,
y/Iayj
(May).
,
*97,481,574
—
March——
Milling Co.,
SUMMARY
Refunding
214,861,791
Jnnuary
$5,000,000
February
International Telephone & Telegraph Co., 3ft
due May 15, 1961.
$2,300,000 (March).
Johnson
Capital
$
-
International
33.8
64
$305,991,000
17.1
output for month of April
-1947New
(February).
International
Half
for
the
sinking fund bonds, series B
$400,000 (February).
Business
$20,000,000
series
Financing
municipalities ag¬
gregated $1,344,743,326, compared with $584,200,160 in
1946, representing one of the largest disposals in any six
months' period.
The exceptionally large volume of bor¬
rowings in the period is emphasized by the fact that
Long-term financing by States and
.
.International
31.8
30.8.
due July
,
.
-
1959.
1st mtge. bonds, series due 1972. $990,000
<January).
.
3-year convertible notes.
Municipal
& Paper Corp., 3ftft
(May).
of issues-
Volume
(February).
$5,000,000
.
,
Hotel
1937—Number
Western
&
—
*
33.2
$450,683,000
51.
—$229,828,780
issues^-sT
Percent of total volume
20-year leasehold 1st mtge.
Inc.,
$6,000,000 (June).
Transcontinental
1948-1962.
due
Realty & Construction Co.,
Tishman
1972.
$1,000,000
$5,000,000
Illinois
due
1938- -Number. of'
Volume
(April).
Pulp
1966.
Idaho
bonds,
loan.
Roosevelt
$1,000,000
Hudson
sinking
(April).
Hoberg Paper Mills, Inc.,
$600,000 (May). "
Hollywood
3ft ft
mtge.
promissory note, due serially to
Tileptop & Hollingsworth, Co., 3% ft
May.l, 1962.
$300,000 (May).
due
30.2
$309,980,000
yQlume '
30.7
issues
—
•
Heywood-Wakefield Co., term loan
(average
semi-annually Sept. 20, 1947-Mar. 20, 1957.
36.6
34.8
38.0
total volume
of
Volume
215
$418,775,000
Issues
Voiqme
1940—Number
87
$538,562,300
of
1941—Number
$1,500,000
1962.
cumulative preferred stock
Water Power £0., $4.25
$1,000,000 (February),
55-
$272,897,500
issues
Volume
••
30
$180,977,500
$223,269,700
of
1942- -Number
$1,-
27.4
25
issues—,.
Percent of total
$500,000
■
lide
due
note,
$869,990,73^
23.1
$91,920,000
of
Percent of
(June).
$499,148,114
20.6
17.6
36.4
Volume
due July 15,
convertible notes,
Co.,
80
140
60
$370,842,625
—
-—
1943- -Number
(March).
due 1948-1957,
serial notes,
182
$1,283,561,687
Percent of total volume
$200,-
.
$2,000,000
note.
117
$722,001,687
shares
of
Volume
5-year 3ft
4ft
of tctal
1944—Number
$1,581,591,3
65
$561,560,000
volume
21.4
issues
,
Percent
series
of
Volume
-
$1,000,000
mtge. ,bonds,
mtge.
1st
Thalhim'er Brothers, Inc., 2ftft notes, due serially June 1,
$1,000,-
•
•
(June);
Co.,
pre-
(June).
3ft
l£-year
<
m
2% ft
Co.,
(February).
$2,000,000
Heekin
Gas
series
Service
Airways, S. A.,
(January).
(March).
15-year sinking fund note.
$950,000
000,000
Texas
(April).
$100,000,000
bonds.
(June).
TACA
1959.
5ft
(January).
Sterling Motor Truck Co., Inc.,
$150,000
stock (par $1).
common
mtge.
203,580 shares of cumulative,
(par $25).
$5,089,500 (May).
Co.,
15-year 3%ft
Sterling, Inc.,
stock
(February).
Grayson-Robinson Stores,
4.32ft
Public
$3,500,000
Springfield Gas Light Co.,
000 (March).
'
*
cumulative preferred
(May).
Foods, Inc., 25,000 shares of
May 1,
stock,
Southwestern
Co., 3 ft ft
(June).
1st
30-year
1945—Number
Edison
California
fevred
$10),
secured debs., due serially to June 1,
shares
Telephone-Co.,
(May).
(May).
1967.
Southern.
Glenwood Range
Gordon
Southeastern
due
bonds,
fund
$60,000
1949-1972.
1,
May
(March).
$1,400,000
3J/2ft
Co.,
of
shares
14,000
(June).
Glatfelter
$500,000
Corp.,
(par $100).
Glatfelter
$3,000,000
<P.
Instruments
52,313,953,
2,453,896
$
29.335.382
1943
$
'
,'
5,215,120(
7,798,682t^
18,847,200
20,830,370
34,005,57T
56,800,66$
Hi.
215,757,428 141,555,582 143,497,62$
48,928.372
46,454,669
27,508,916
9,578,026
17,030,551
9,376,746
40,015,470
17,146,853
26,816,407,'
14,903,823
29,005,686
12,592,080
5,494,00$'
31,149,987
5,289,157
59,673,542
27,828,491
20,876,967
38,792,030
51,230,748
21,Q41,51»
137,133,662 121,387,576
Tot. 6 mos.
194,029,005 230,303,135
Tot. cal. yr.
633,947,615 446,060,553 278,689,244
r*£
264,885,197
Volume 166 : Number 4613
(263)
Treasury Financing in June
'
t
of
of
Indebtedness of
Series
E-1947
$2,774,925,000,
which matured
balance being retired in cash.
in
the
July 1,
on
are now
Total
Apr
1947, the
June
of
confined
above
its
the
Treasury
l,
STATES
Dec
27
Jan
TREASURY
FINANCING
DURING
91
days
days
Jan
9
Jan
16
91 days
2,892,507,00(1
2,057,029,000
1,791,169,000
1,311,177,000
1,311,578,000
1,315,501,000
91
May
May
days
1,704,759,000
Jan
24
1,316,103,000
Jon
30
91
days
1,786,670,000
3,132,248,000
951,890,316
1 year
Jan 1-31
Jan 1
Jan 1-31
Jan
10-12 yrs
12 years
Jan
2 years
Total
for
5,610,000
218,032,400
January
91
8
day
day
day
day
day
91
91
91
May
May
May
91
1
31
Feb
6
91
Feb
14
Feb
20
Feb
21
Feb
27
Jan
20
Feb
1
1 year
4,801,396,000
10-12 yrs
712,198,672
105,000
Feb
7
Feb
13
Feb 1-28
Feb 1
Feb 1-28
Feb
Feb 1-28
Mar
12 years
2 years
Feb
.Total
for
Feb 28
v
6
Tax
for
5
Treas.
Mar 13
Mar 14
Mar20'
Mar 27
91
Mar .1
1,873,522,000
1,836,470,000
1,858,761.000
1,823,470,000
2,950,191,000
615,077,248
91 days
Mar 21
Feb
17
Mar 1-31
Mar 1-31
Total
days
1 year
Mar 1; 10-12 yrs,
Mar
12 years
>
Mar 1-31
'Mar
for
2 years
-
bills
Apr
Apr
3
Apr 11
Apr, 10
91
Apr 17
Apr 24
91 days
Apr 18
Mar 19
91
days
days
91 days
Treas.
bills
Apr
i
Apr 1
Apr ^
Apr
Apr 1-30
Apr 1-30
Apr 1-30
Total. for
1 year
12 years
1
U.
91 days
May 1
91 days
May 8
91 days
May 15
16
May 22
91 days
23
91 days
May 29
1-31
May 1 10-12 yrs
S.
Tax
May
May
1-31
Total
for
fot
Antic'n
June
Certificates
;
1,052,665,601
...
January
257.348,000
'
91
February
661,000
10-12 yrs
12 yrs
Jun 1-30
b
|
2 yrs
;
1
1 year
Total
for
April——™—.
6
lv.
Total
for
}'< June—
99.905 + *0.376
May.—™——
Notes
Total
99.905 + *0.376
for
June_il__i___ 16,083,900,000
6 months™——
99.905 + *0.376
Federal
and
notes
to
!
2
b
99.905+ *0.376
99.905+ *0.376
;
|
Below
and
C-1950.
Series C
Loan
equipment.
OF
,
FUNDS
Accepted
303,261,000
8,389,000
S.
Tax
6
13
Feb
1
Feb
1
Feb
Antic'n
91
Treas.
bills
Treas.
bills
Treas./bills
day
day
day
91 day
Ctfs.
U,
S.
of
Treas.
Tax
Total
for
5,610,000
bills
Savings bds.
bonds.
Antic'n
notes
9,657,428,000
Mar 13
91
91
Corporation.
tNet
and
•
L__™
.
200,155,900
February——_ 10,093,506,572
day Treas.
bills
day Treas'.
day Treas.
bills
day, Treas.
bills
Mar 20
91
Mar 27
91
Mar
1.
Mar
1
Ctfs. of indebt.—
U. S. Savings bds.
bills
1,315,553,000
1,306,510,000
1,312,975,000
1,308,024,000
2,141,472,000
615,677,248
&
105,000
200,155,900
-
9,181,047,000'
1,315,534,000
1,306,510,000
1,308,904,000
1,308,024,000
2,141,472,000
&
Co.;
Co.;
&
Martin,
McMaster
Co.
Milwaukee
•
&
912,459,572
Paul
&
series
Pacific
Z,
&
Co.;
due
June
due
RR.
2.60%
&
19,000
Priced
to
615,677,248
Harris, Hall & Co.
Corp.;
ref,
Ashmun Co.;
Atwill
&
Clement A.
Weld & Co.,
White,
&
Lake
Evans
Steel & Co.;
Ketcham
&
&
&
Co.;
Nongard;
A.
Securities
&
Ladenburg,
Allerman,
Co.;
&
National
Co.;
Corp.;
•
Marx
Inc.;
Co.
Newburger,
O'Briap
Mitchell
of
Omaha;
Loeb
&
&
W.
H.
Co.; New York
Co.;
Homer
O'Con-
&
Co.,
Inc.;
Alfred
O'Gara
&
Co.;
The
Ohio
Co.;
&
Co.; Schmidt, Poole & Co.; Schwabacher
Co.; Scott, Horner & Mason,- Inc.; Scott-& Stringfellow;
&
Mayer;
Sheridan,
Bogan
Co.;
Robert
Showers; Singer, Deane & Scribner;
William R. Staats
&
Seasongood
Stifel,
Nicolaus &
Co.,
Inc.;
Stix
&
Co.;
Edw.
Stckes Si Co.; Walter Stokes & Co*; J. S, Strauss
Stroud & Co., Inc.; Stubbs, Smith Si Lombardo,
Inc.; Sutro & Co.; Thomas & Co.;
Townsend, Dabney
&
Tyson;
Wachob-Bender
Corp.;
Walter-Webb
&
Co.;
Watling, Lerchen & Co.;
Webster & Gibson; Weil
Si
Arnold; Wertheim & Co.; Wheelock Si Cummins, Inc.;
Co.;
&
equip¬
Jan.
99.2183
Co.;
E.
Harold
Dulles
250 000
&
due
to
Hutzler;1
and
Erie Ry„ 114%
5 000 000
due semi-annually
Jan.
1,
Woodard-Elwood
&
&
Co.;
Wurts,
Co,
1st mtge,
(2%-3%) bonds
Jan. 1, 1948-1962.
Purpose, refunding
construction,, expansion,- etc.
($239,000).
Of¬
by Boettcher & Co. and Bosworth, Sullivan & Co.,
Hawaiian
due
May
of
ceeds
&
!
pur-
24 000,000
2.30%
Co.
Electrie Qo., Ltd. 1st mtge. bonds, series F 3%,
1,
1977.
Purpose, pay short-term notes, pro¬
which were used for construction purposes, ex¬
Price, 103 and int. Offered by Dillon, Read
Blyth & Co., Inc.
etc.
Inc.
Kentucky
and
Utilities
May 1, 1977.
additions, etc.
placed
* •
Offered
,
j
.
.
'
j
(Inc.); Union Securities
Stroud & Co., Inc.
Co.
1st
mtge. bonds, series A 3%, due
refunding ($22 030,000); cost oC
Purpose,
($1,950,000).
by Halsey,/Stuart
Price,
&
Co.
101.985
Inc.;
A.
and
C.
interest.
& Co.,
City Secur¬
ities Corp.; Coffin & Burr, Inc.; R. L. Day &
Co.; Dempsey
Si
Co.; Dick & Merle-Smith; FarweT,, Chapman & Co.l
Fauset, Steele & Co.; The First Cleve'and Corp.; Graham,
inc.; Bear, Stearns
& Co.;
Burr
&
Co.,
Allyn
Inc.;
Parsons & Co.; Green, Ellis & Anderson; Gregory & Son,
Inc.; Hallgarten & Co.; Carter H. Harrison & Co.; Hill &
Co.; Loewt & Co.; Mason, Moran & Co.; McMaster Hutch-
,
equipment trust certifi1948-July 1, 1957.
Pur¬
Co.;.
Yarnall
semi-annually
pansion,
maturities
&
&
and
($11,000),
equipment
Purpose,
Wood
Co.,
Consolidated Mutual Water Co.
fered
to
pose, purchase of equipment.
Awarded to Mellon National
Bank & Trust Co.,
Pittsburgh, and Union Bank of Commerce,'Cleveland, on bid of 99.1561.
,
-
j
!
-
inson
&
Co.;
Mullaney,
Ross •&
Co.; E. M. Newton & Co.;
Company;
Inc.;
$28,555,000
&
Purpose,
Rothschild
accord¬
Co.
1%%
yield from 1.30%
Drexel & Co.;
.-.cates,
1st
1972.
($950,000).\ Price,
Co.; Pacific Co. of California; Pacific Northwest
Park-Shaughnessy & Co.;
Patterson.
Copeland
Sn
Kendall, Inc.; Paul & Co., Inc.; Peter?, Writer & Christensen, Inc.; Phillips, Schmertz & Robinson; B. W. Pizzinni
&
Co.,
Inc.;
Wm.
E.
Pollock
Si
Co.,
Inc.;
Raffensperger, Hughes & Co., Inc.; Rand & Co.; Rein¬
holdt
&
Gardner; The Robinson-Humphrey Co.; L. F.
Co.;
semi-annually
1,. 1948-1962.
-
loWooo
Inc.,
1,
M., Kidder 8£t Co.; John
Thalmann & Co.; Leedy,
& Co.; Mason,: Morau
&
Co.; A. E. Masten & Co.; McJunkin, Pat,ton & Co.;
McMaster
Hutchinson &
Co.;
Milhous, Martin & Co.;
E.
W.
& R.
C. Miller &
Co.; Miller, Kentwer & Co.;
Moore, Leonard & Lynch; Mullaney, Ross %t- Co.; Nash¬
Otis
11,025,000 Pennsylvania. ~ KR. ' 214 %• 'equipment
trust
certificates,
; scries,S,
due. July. 1, 1948-1962.
Purpose, purchase of
equipment.'; Priced to' yield from 1.20% to
2.45%; accord¬
ing; to maturity.
Offered by Salomon Bros. &
Hutzler;
"
York,
June
Aub
Fauset,
Wheeler
nell
of
-
*2,940,000 Wheeling
due
Co.;
,
,
New
C,
Bleichroeder, Inc.; C. S.
E.
Co.;
Co.;
ville
«
,
Co. .of
series
Lowber
St..
certificates,
chase of equipment.
712,198,672
Co.
City
Hanseatic
(Inc.);
Kebbon,
Burns
&
Corbett,
Inc.;
Hutchinson
&
Co.,
and
x for ; 1948-1957 maturities (1958-1962
\ „privately).
Offered by Salomon Bros.
,
&
& Gibson;
White, Weld & Co.;
Stubbs;
The
Wisconsin
Company;
Wood, Gundy & Co., Inc.y and
Co.; Brush, Slocumb & CoJ Burnham & Co.;
Co., Inc.; H. M. Byllesby <Ss Co.
(Inc.); Byrcl
Caldwell Phillips Co.;-Lee W. Carroll & Co.;
Kormendi
-
Pennsylvania 2%% equipment trust cer¬
15, 1948-1962.
Purpose, purchase of
"*•
„
&
Co.;
&
June
*1,085,000J trust certificates,
7
.
Webster
Co.;
i
retired.
equipment. : Awarded on bid of
Stroud & Co., Inc., and
placed privately.
,3,970,000)New ¥ork New Haven & Hartford RR.
2V4%
1,309,874,000
1,301,981,000
1,312,014,000
1,310,520,000
3.946,658,000
105,000
of
Ross
trust
purchase
Moselcy &z
Paine-
Co.;
Si
,
1,216,391,716
&
Co.; Ira Haupt & Co.; Hayden, Stone oft. Co.; Hill &
Hirsch & Co.; Indianapolis Bond & Share Corp,;
Investment Corp. of Norfolk; Johnson, Lane, So&ce &
Co.,
Inc.; R. H. Johnson & Co.; Johnston, Lemon Se Co.; Kalb,
Voorhis Si Co.; Kalman & Co.,
Inc.; KebLon, McCormick
|f
,
,
,
6
;
1948-July 1, 1957.
Purpose, purchase of equipment.
to
yield
from' 1.10%
to
2.207c;
according
to
maturity.
Offered by Halsey, Stuart &
Co., Inc.; Hornblower & Weeks; 'Otis &
Co.; R. W, Pressprich & Co.;
L. F. Rothschild &
Co.; Gregory & Son, Inc.; First of
Michigan Corp.;: Freeman & Co.; McMaster
Hutchinson
&; Co;; Win;' E. Pollock &_Co.,
Inc.; Julien Collins & Co.;
The First Cleveland
Corp.; Mason, Moran & Co.; Alfred
\
O'Gara & Co.; Thomas & Co., and F. S. Yantis &
Co., Inc.
.* 1,030,000.Illinois\ Terminal RR.
2%
equipment
trust
certificates,
r
due-semi-annually Jan. 1, 1948-July 1, 1957.
Purpose,
951~890~316
1,309,874,000
1,301,981,000
1,312,014,000
1,310,520,000
8,946,658,000
712,198,672
indebt.—_
Depositary
,,
i.
certificates
Priced
218,062,400
January——— 10,873,819,716
91
;
notes;
Corporation,
Insurance
1,
132,248,060
951,890,316
5,610,000
218,062,400
notes
91
27
Feb
ment
$
301,965,000
Jan
Feb
$
6,000,000 Chicago
Indebtedness
1,316,103,000
indebt
Jan j '
Feb
and
Priced
McDonald
Refunding
Neuhaus
& Co., Inc.; Fatiey, Clark
Field, Richards & Co.; First
Marshall; M. M. Freeman & Co.,
Inc.; Glore, Forgan & Co.; Graefe & Co.; Graham, Parsons
&
Co.; Green, Ellis & Anderson,^Gregory & Son,
Inc.;
Grubbs, Scott & Co.; Gruntal & Co.; Hallowell,
Sulzberger & Co.; Harley, Haydon & Co., Inc.; Harrison
&
Unemployed Trust Fund
to yield from 1.35% to
to maturity.
Offered by Harris Hall
Equitable
Securities ,Corp.;
The
Illinois
Mullaney,
New
1,311,650,000
3,132,248,000
of
Savings bds.
Depositary bonds-
Feb 20
and
ing
'
-
Co.;
California Co.;-. Foster Si
1
RAILROADS
$1,605,000 Central RR.
tificates, due
<■
.
&
Co.;
Cassell
Co.;
Este
(i
Long7Term Bonds and Notes (Issues
Maturing Later
Than Five Years)
series
Murch
&
Newbold's Son
earnings about 1.07%
Total Amount
day Treas. bills
day Treas. bills
Total-for
Fund
i;
1,180,487,000
2,781,449,000.
During June, 1947
tax
and
Sz
S. Dickson.&
Co., Inc.; John Douglas Si Co.,. Inc.;
Draper, Sears & Co.; Charles H. Drew & Co.; Dreyfus,
Jacquin Si Co.; Francis I. ^dUPont & Co.; R. J. Edwards,
Inc.; Elkina, Morris Si Co.; Equitable Securities Corp.;
.
Details of New Capital Flotations
4,255,000
>
certificates
j'
})•
1.894,850,000
1714,363,000'
we
569,587,300 100
5,140,000
8,907.000
14,138,000
U.
'
tions
brought out in that month.
%
306,438,000
.306,594.000
1
,f
give complete details of the capital flotaduring June including every issue of
any kind
a
,306,922,000
91
j
+ *0;376
1,311,177,000
Jan
,
s
Retirement
100
Laird
Co., Inc.; Central National Corp.; Chaplin
Securities Corp.; Charles Clark & Co.; E. W.
Co.; Clayton Securities Corp.; C. C.* Codings &
Co.,- Inc.; Julien Collins & Co.; Cooley
& Co.; S.
K.
Cunningham & Co., Inc.; Henry Dahlberg & Co.; J. M.
Dain Si Co.; Dallas Union Trust
Co.; Davenport & Co.;
R. L. Day & Co.; DeHaven & Town send, Crouter Sr Bodine;
Dempsey & Co.; Detmer & Co.; Diek-,& Merle-Smith;
•*;
•'
;
Zone Retirement
Fund,
!
99.905 + *0.376
1,311,578,000
1,315.501.000
91
f
Age and Survivors Insurance Trust Account.
Fund, Foreign
Service
Retirement
Fund,
Alaska-Railroad Retirement
Fund, Postal
Savings- System, Government Life Insurance
Fund, National Service
Life
Insurance
Fund,
Federal
Deposit
Insurance
Service
Canal
Savings
Co.;
&
&
C. F.
•
•
906,076,000
14,903,413,000
Old
Civil
99.905+ *0.376
50,569,756,893
day Treas. bills
day Treas. bills
91 day Treas. bills
Ctfs.
I,
169,900,000
736,175,000
•
17,906,617,000 15,126,168,000
| l*Comprise sales of special series
jsold to Adjusted.Service Certificates
99.905+ *0.376
28,175,000
&
R.
99.905+ *0.376
91
1
23,075,000
14,741,000,000 12,846,150,000
1,342,900,000
2,057,263,000
.1—_J——
Total for
91
23
Broome
Burr
!
5,100,000
759,250,000
Loeb
M.
A.
& Co.; Auchincloss, Parker &
Redpath;
Bacon, Whipple & Co.; Barret, -Fitch\&sCo., Inc.; George K. Baum & Co., Inc.; Bear, Stearns &
Co.; A. G. Becker & Co., Inc.; Biddle, Whelen & Co.;
William Blair & Co.; Boettcher &
Co.; J. C. Bradford
Co.; Bramhall & Stein; Brooke, Stokes & Co.; Stockton
7
i
97,304^000
:
Kuhn,
So
Lemon
Inc.;
&
Co.; Lee Hlgginson Corp.;
Loeb, Rhoades & CO.; Laurence
Mason-Hagan, Inc.; A. E. Masten <Si
2%%
S.
A.
&
Brothers;
60,045,000
Co.;
Co.,
Kinsley & Adams;
int.
&
Co.;
•
.
,
'
100
1.211,000
$
Jan
122,304,000
934,250,000
(Certificates
%
481,867,301
Security
Jan 30
t25,000,000
15,045,000
175,000,000
McCormick
Jan
45,000,000
Johnston,
($59,050,000), additions, etc.
and
Clark
•'
99.905 +'*0,376
99.905 + *0.376
99.905 ++0.376
bonds
Eache
&
7,843,538,601
months
USE
16
244,773,000
157,349,000
\
1,103,664,000
99.905
1,777,092,000 100
Typo of
Jan
50,500,000
137,349,000
March—.
Notes _l™-™™-_™™_
!
a
1,307,369,000
1,303,378,000
1,305,370,000
June
C-1948, C-1949
2
295,273,000
20.000,000
for
Inc.;
Freres
Edison
'
215,000,000
29,773,000
Certificates
;
25,000;000
25,500,000
Co.,
Offered by Halsey,
Stuart & Co., Inc.;
Allison-Williams Co.; Almstedt Brothers; American Securi¬
ties Corp.;
Amott, Baker & Co., Inc.; Geo. G. Applegate;
•
,
160,917,000
April-
•Average rate on a bank discount basis, a
Comprised of three sepa¬
rate series, of which series E
have 10-year
maturity, are sold on a
discount basis at 75, and
yield 2.90%; series F have a 12-year matur¬
ity, 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 214%
interest.
t> Comprised of
separate issues, designated Treasury notes of
9
102
a
164,257,400 100
569,587,300
Jan
60,917,000
55,273,000
Co.;
refunding
Arnold
"
240,000,000
————
Total
-
;
\ %
-
a
1,211,000
Jun
Jan
•
.
.Certificates
1,100,016,000
1,111,511,000
1,202,505,000
1,203,476,000
1,311,450,000
488,371,159
Jun
Jun
Dated
mtge.
i 100,000,000
;
H.
Weeks
Witter
60,000,000 Consolidated
$
17,580,000
Co.;
Co.; J. J. B. Hilliard & Son; Hornblowe.tr
&
Co.; The Illinois Company;
Woodard-Elwood
Net Issued
17,580,000
&
Whiting,
191,893,000
Retired
178,497,000
"
Notes
a
Jun 1
91 day3
91 days
-
65.455,000
California
Co.;
Walker
■
for
h
Jun 1-30
91
19
26
C-1947,
•-
'certificates
,2
Jun 1-30
12
Jun
Jun
for
—
b
661,000
days
days
13
Total
17,550,000
174,343,000
$
100,000,000
78,497,000
—
Federal
20
for
Notes
Net Issued
$
Issued
%
42.720,218,29?
Jun
.Total
Retired
&
Dean
Total for
6,582,247,559
Jun
May 21
FINANCING
37,350,000
28,105,000
First-
Paine, Webber, Jackson & Curtis; Perrin,
West
&
Winslow.
Inc.;
Peters,1 Writer &
Christensen,
Inc.; B. W. Pizzini & Co., Inc.; R. W,
Pressprich & Co.;
Reinholdt & Gardner; Scott &
Stringfellow; Chas. ...W,
Scranton & Co.;
Shuman, Agnew & CO.;* Skall, Joseph,
Miller & Co.;
Smith, Barney & Co.; F. S. Smithers &r,
Co.; William R. Staats Co.;
Stillman, Maynard & Co.;
Stone & Webster Securities
Corp.; Stroud & Co., Inc.;
Sweney, Cartwright & Co.; Union Securities Corp.; Van
Alstyne, Noel & Co.; Vietor, Common, Dann & Co.; G. H.
•
5,490,641,893
54,900,000
202,448,000
Maynard
Rice
-
■
'
5
Jun
Co.;
1,211,000
$
Inc.;
Co:; Mead, Miller & Co.; Wm. J. Mericka &
Co., Inc,;
Merrill, Turben & Co.; Metropolitan St. Louis Co.; Milhous, Martin & Co.; Miller & George; F. S.
569,587,300
2
1,877 OQO 100
months
Jun
6
.
„
6,796,873,000
Co.,
Lehman Brothers; Carl M.
M. Marks & Co.;
1,777,092,000
7,849,538,601
;
Notes
a
173,775 ,200 100
1,879,803,000
1,943,318,000
1,961,025,000
1,816,713,000
2,509,627,000
481,867,301
Jun
1,303,378,000
1,305,370,000
50,569,756,893 45,079,115,000
&
Kirkpatrick-Pettis
Company; Lazard
1,103,664,000
1,211,000
569,587,300
notes
&
Co.; Kalb, Voorhis & Co.; Kalman &
Kidder & Co.;
Kidder, Peabody & Co.;
*
'
1,307,369,000
Issued
Total
1,877,000
164,257,400
•
May—
488,371,159
12 yrs
2 yrs
663,119,559
-
481,867,301
January, 1947—
2
1,314,459 ,000
1,108,078 000
1,100,390 ,000
May_.
for* 5
May 29
5,919,128,000
481,867,301
♦INTRA-GOVERNMENT
•
a
1,503,249, 000
1,960,002,000
1,706,997,000
1,761,234,000
1,746,342,000
1,807,342,000
,
**Total
Mar
1,307,369,000
1,303,378,000
Savings bds.
Depositary bonds.
!
100
6,894,970 ,997
9
\V
>
bills
Ctfs.
275,297,200 100
April™.
Apr 25
May 2
1-31
-
day Treas bills
1,305,370,000
day Treas. bills 11,103,664,000
of indebt.™;.
1,777,092,000
91
91
1
f
1,320,900 ,000 100
a
572,242, 797
-
„
"
2 years
Hill Richards
164,257,400
6,582,247,559
Ferris
&
Weeks; E. F. Hutton
Johnson, Lane, Space &
r
661,000
\
19
*0.376
173,775,200
10-12 yrs
i
•
,
9,830,000
488,371,159
164,257,400
notes
Co.;
of Michigan
Corp.; The First Trust Co. of Lincoln,
Nebraska; Folger, Nolan, Inc.; Robert Garrett & Sons;
Goldman, Sachs & Co.; Goodbody & Co.; Grant-Brownell
&
Company;
Harriman
Ripley
6c
Co.,
Incorporated;
Harris, Hall & Company (Incorporated);
Hayden, Millex*
& Co.;
Hemphill, Noyes & Co.; Henry Herrman & Co.;
I
661,000
&
First
!
1,203,476,000
1,301,620,000
1,311,450,000
488,371,159
day Treas. bills
165,000 100
1,721,799,000
1,841,319,000
1,693,278.0001,665,272,000
2,668,537,000
572,242,797
Steele
..
.
1,202,505,000
day Treas.
26
*0.376
615,677,248
275,297,200
750,775,997
1,100,016,000
1,111,511,000
91
Jun
99.905+ *0.376
99.905 + *0.376
8.275,673 .448
3
173,775,200
6,144,195,000
*0.376
1,312,975,000
1,308,024,000
2,141,472,000
165,000
Dewar,
1,877,000
1,202,505,000
*1,203,476,000
bills
Treas.
May—
Jun
99.905 + *0.376
99.905 + *0.376
-
W. Carroll & Co.;
Clark, Dodge & Co.; Julien Collina
Co.; Crouse & Co.; Davenport & Co,; R. L. Day &
Co.;
Robertson <fc Pancoast; Dillon, Read &
Co., Inc.;
The Dominion Securities
Cbrp.; Drexel & Co.; Dreyfus,
Jacquin & Co.; Elkins, Morris & Co.; H. L. Emerson &
Co., Inc.; Estabrook & Co.;
Fahey, Clark & Co.; Fausefc,
&
572,242,797
1,100,016,000
1,111,511,000
Treas. bills
Treas.
Antic'n
Jun
1
1,315,553,000
1,306,510,000
March
Mar 28.
Feb
bills
91
Jun-12'
*0.376
105,000 100
200,155,900 100
Co.
Lee
1,320,900,000
10,093,506,572
91 days
91 days
2,881,000
173,775,200
February—
1,309,874,000
99.905 +
1,301,981,000
99.905+
1,312,014,000
99.905 +
1,310,520,000
99.905+
3,946,658,000 100
712,198,672
a
200,155,900
February™.
Mar
7
1,723,004,000
1,773.319,000
1,779,251,000
1,784,112,000
subsidi¬
Inc,; Almstedt Brothers; American Securities Corp.;
E. Ames Si
Co., Inc.; Bache & Co.; A. G. Becker St
Co., Inc.; Blyth <fe Co., Inc.; George D. B.
Bonbright Sn
Co.; Bosworth, Sullivan & Co.;
Bramhall, Barbour & Co.,
Inc.; Alex. Brown & Sons; Brown,
Lisle
&
Marshall;
Butcher
&
Sherrerdr Campbell, McCarty & Co., Inc.;
1,303,249,000
1,311,578,000
1,108,078,000
1,100,390,000
6,894,970,997
U. S. Savings bds.
Depositary bonds™
•
Jun
10,873,819.716
days
91 days
91 days
91 days
May
May
May
May
May
May
notes
Certificates
Jan
.
1
May 15
1,311,650,000
99.905+ *0.376
3,132,248,000 100
%
951,890,316
a
a
5,610,000 100
218,062,400 100
,
_
April
99.905 + *0.374
99.905+ *0.375
91
Jan 1-31
indebt
Antic'n
for
May 22
May 29
•
99.905+ *0.376
99.905+ *0.376
23
1
of
Total for 6 months.—
Jan
to
Morgan Stanley & Co.; Allison-Williams Co.; A. C.
Allyn
;
14
de¬
&
Yield
Jan
2%%
895,229,448
7,380,444,000
i
'
%
3
Jan
Tax
Total
10
Telephone & Telegraph Co. 40-year
bentures, due June 1, 1987. Purpose, advances
ary and associated companies for
extensions, improvements,;
etc.
Price, 102% and int. to yield 2.755%.
Offered by
1,108,078,000
1,100,390,000
1,320,900,000
572,242,797
1,877,000
U. S. Savings bds.
Depository bonds.
in
1947
Price
Jan
18
Ctfs.
1
Amount
Jan
Dec
1
Total
weekly sale
Accepted
UTILITIES
American
165,000
1,303,249,000
1,314,459,000
day Treas. bills
day Treas. bills
Jun *
Applied for
Due
2
day Treas.
91
91
Jun
Amount
Dated
bills
91
17
24
Apr
usual tabulation:
our
Date
Offered
bills
Jun
present
UNITED
10
day Treas.
Apr
Treasury bills, Savings Bonds, Tax Anticipation Notes
Depositary Bonds.
now
$200,000,000
275,297,200
8,275,673,448
Apr
and
We
91
Total
Department
usual
March
Apr
outstanding $758,945,800
operations to the
3
Apr
next month..
the
for
PUBLIC
Indebtedness
275,297,200
notes
Apr
Apr
of
of
Antic'n
Refunding
'165,000
A.
Series F-1948, dated
July 1, 1948, in exchange for
Treasury Certificates of Indebtedness of Series
F-1947,
maturing June 1, 1947, in the amount of
$2,915,710,000.
The results of this
offering will be given in these col¬
Outside
Accepted
Tax
•
The Treasury Department on June 23
announced an
offering of %% Treasury Certificates of Indebtedness
umns
Security
Depositary bonds
%
New
amount
Secretary of the Treasury announced on June 13
that all outstanding 414%
Treasury Bonds of 1947-52 are
called for redemption on Oct.
15, 1947, and will be re¬
There
Total Amount
Mar
The
deemed in cash.
Type of
.
Mar
..
of these bonds.
7
Dated
The Treasury Department announced on
May 29 that
$2,509,627,000 in subscriptions were received of which
$1,777,092,000 were accepted to the offering of Series E1948 %% Treasury Certificates of
Indebtedness offered
in exchange par for par to holders of
Treasury Certifi-
cates
'
.
*
R.
Otis-&
W.
Co.;
Pressprich
Co.;
Patterson,
&
Nashville
Securities
Alfred O'Gara & Co.; The Ohio
Co.;
Copeland
Raffensperger,
&
Kendall,
Hughes
&
1
Co.,
Inc.;
The
Robinson-Humphrey Co.;
L.
F.
Rothschild
U
THE COMMERCIAL* & FINANCIAL
,-,(264)
Schoellkopf Hutton & Pomeroy, Inc.; Seasongood
Robert Showers; Walter Stokes & Co.; Stroud
& Co., Inc.; Thomas 8s Co.; Townsend, Dabney & Tyson;
Wachob-Bender Corp.; H. C. Wainwright & Co.; Welsh,
Davis and Co.; Wheelock & Cummins,
Inc., and F. S.
&
Mayer;
Yantis
8s
Co.,
Inc.
Gas Co. 1st mtge. bonds, 27/s%
construction, etc. Price, 102.05
Halsey, Stuart & Co, Inc.; Braun,
Monroe & Co.; City Securities Corp.; J. M.
Dain & Co.;
Dempsey & Co.; First Cleveland
Corp.; Martin, Burns
&
Corbett, Inc.; Mason, Moran 8s Co.; McDonald-Moore
& Co.;
Metropolitan St. Louis Company; Newhard, Cook
& Co.;
Otis & Co.; Park-Shaughnessy & Co.; Patterson,
Copeland 8s Kendall, Inc.; Reinholdt & Gardner; Stifel,
Nicolaus 8s Co., Inc.;
E. W. Thomas and Co., and F. S.
series
and
Yantis
Purpose,
1969.
due
Offered
int.
&
Co.,
&
bank
Manufacturing Co. 15-year 3 %% promis¬
May 15, 1962.
Purpose, pay short-term
etc.
Placed privately with Prudential In¬
through E. H. Rollins & Sons, Inc.
loans,
Co.
surance
Grave Vault Co. 3Va%
notes,
general corporate purposes.
through Panohio Mortgage Co.
*750,000 Clark
*3,000,000
&
Inc.
Co.,
Offered
Service
Co.
*1,000,000 Heckin
Can Co.
15-year 3% sinking fund note, due
May
1,
1962.
Purpose, defray cost of building and
equipping new
plants.
Placed privately with Mutual
&
Weeks
Redpath; Bacon,
Whipple & Co.; Baker,
Hardeh;
A. G. Becker & Co., Inc.; Blair 8s
Co.,
8s
Inc.;
Farwell, Chapman & Co.;
First of Michigan Corp.; Garrett-Bromfield & Co.; Glore,
Forgan & Co.; Graham, Parsons & Co.; Green, Ellis 8s
Anderson; Gregory & Son, Inc.; Ira Haupt & Co.; Hayden,
Stone & Co.; Hemphill, Noyes 8s Co.; Hill & Co.; Hirsch
Co.;
&
Hornblower & Weeks; The Illinois Company; W. C.
Co.;
Langley
&
Inc.; The
E.
M. Newton
&
»
Curtis;
Writer
&
Co.;
Kendall,
8s
Co.; Wm.
Phelps, Fenn &
Inc.;
&
&
Corrypany,
&
Stroud
Co.;
New
Inc.;
-r
Corp., and Coffin & Burr, Inc.
75,000,000 Southern Bell Telephone & Telegraph Co. 40-year 27/a%
debentures, due July
1,. 1987.
Purpose, repayment : of
advances ($59,500,000) irom American Telephone & Tele¬
graph
Co.
(parent);
construction,
etc.
($15,500,000).
Price, 102.80 and interest.
Offered by Morgan Stanley
&
Co.;
Almstcdt Brothers; Baker, Watts & Co.; Bos.
Sullivan
worth,
Clark,
The
Dodge
&
&
Miller
&
&
Co.;
W.
J.
and
Sachs
Goldman,
Hilliard
B.
Hutton
E.
Space
Securities
Corp.;
Estabrook
First of Michigan Corp.;
&
&
Son;
Henry
Herman
Co.;
&
Pierce,
McDonald
Inc.;
Mason-Hagen,
Lynch,
Co.;
R.
Co.;
Ohio
Fenner
&
Beane;
Webber,
Paine,
Co.;
S.
F.
Jackson &
G,
Walker
H.
Wisconsin
Co.,
and
&
White,
Co.;
Witter
Dean
series
California
due
1977.
Gas
1st
Co.
Weld
Co.
Co.,
Purpose,
pay construction
Placed privately with John Hancock Mutual Life
Co. and Mutual Benefit Life Insurance Co.
loan.
mtge.
1st
reimburse
Purpose,
27/8%,
treasury
for
Shuman,
Agnew & Co.
32,000,000 Toledo Edison Co. 1st mtge. bonds, 2%%
Purpose,
First
•
'
'8s
•
refunding.
Boston
&
gan
&
Co.,' Inc.;
White,
Corp.;
Hornblower & Weeks;
&
Becker
(
Weld
Curtis;
&
Co.
&
Republic
Central
Co.;
Co.
(Inc.); Hemphill, Noyes 8s Co.;
■
„•
preferred stock (par
for expenditures.
Offered by Conrad, Bruce & Co.
treasury
burse
15 ' 200 ' 000
Pacific
Rollins
Inc.;
Alex.
Brown
Inc.;
Sons
8s
&
A.
Glore,
Securities Corn.; Tucker. Anthony 8s Co.; G. H. Walker
-
&
Co.;
The
Wisconsih Co.; Dean Witter 8s Co.; Baker,
Co.; Estabrook 8s Co.; Laurence M. Marks & Co.;
Watts &
The
Milwaukee
The
Co.;
Ohio
Company;
Stroud
Co
&
Inc.;
Whiting, Weeks & Stubbs; Auchincloss, Parker 8s
Redpath; Bacon, Whipple & Co.; R. S. Dickson & Co
Inc.;
.
•
Fahey,
Clark
First
Cleveland
bery,
Marache
McCormick
Murch
Collins
&
Hayden,
Merrill,
Co.;
Co.;
E.
and
Co.; Field, Richards & Co.; The
First of Michigan
Corp.; Gran-
Lord;
M.
Miller
Turben
Newton
&
&
Eosworth,
Sullivan
Courts &
Co.;
Curtiss,
Co.;
Co.;
Kebbon
Paine,
Maynard h'.
Riter
&
Co.;
Co.;
Co.;
&
Co.;
&
Co.;
House
Piper
&
Julien
of
Co.
&
Co.;
William
Calif.;
Webster &. Gibson,
3,500,000 Upper peninsula
due
1977.
Offered
&
Co.;
R.
Power
Purpose,
Co.
Staats
Co.;
Stern
&
Co.;
Brothers
and Yarnall & Co.
1st mtge. bonds,
refunding.
Price,
3V4%
102.875
series
and
int
Halsey, Stuart & Co. Inc.;
William Blair
Julien Collins 8s Co.; Dempsey & Co.; The Illinois
by
Co.; Martin, Burns
8s Corbett, Inc.; Mason,
Moran & Co.;
Mullaney, Ross & Co.; Otis & Co.; Patterson, Coneland
8s Kendall,
Inc.; Stroud & Co., Inc.; Harold E. Woods
& Co., and F. S. Yantis & Co., Inc.
,
*2,500,000 Western
Purpose,
Gas Co. 15-year 3 >4%
expansion.
Placed privately.
Natural
1st mtge. bonds.
*1,500,000 Western Natural Gas Co. 10-year 4%% convertible deben¬
tures,
due May
1,
1957.
Purpose, expansion.
Placed
privately.
*950,000 Wichita
Water
June
1,
1977.
Frice, 101 and
Mutual
Co. 1st mtge. bonds, series B 27/s%, due
Purpose, construction,
pay
bank loans.
interest.
Sold privately to John Hancock
/
V'
sinking fund deben¬
*1,500,000
and Schwabacher &
Lehman Brothers
1949-1955.
Kidder,
Deane
Singer,
Peabody
*1,500,000 Tbalheimer Brothers, Inc. 2%%
Purpose, working capital. Placed
Peabody '&
So'd
Fenner
&
Co.;
Inc.; Moore, Leonard & Lynch; Nashville Secur¬
Co.; W. H. Newbold's Son & Co.; Pacific Northwest
Smith, Moore & Co.; Swiss American Corp.;; Townsend, Dabney 8s Tyson; Wheelock & Cummins, Inc.;'Harold
Hagan,
ities
Co.;
E
Wood
sind
8s
C. Callings
Stix & Co.; Ballou,
Woodard-Elwood & Co.; C.
Co.;
Inc.; Foster & Marshal1.;
Inc.; Caldwell Phillips
Co.,
Co.; Chace, Whiteside,
Warren & Sears, Inc.; Grant-Brownell & Co.; Paine-Uice
& Company; Perrin, West & Winslow, Inc.; Sweney, Cartwright 8s Co., and Walter-Webb & Co.
'Adams & Co.,
Peninsula Power Co. 10,000 shares of cumulative
preferred stock 514% series (par $100). Purpose, acquisition of securities of predecessor companies.
Price,
$104 per share and div.
Offered by Otis & Co.; George
K.
Baum & Co.,
Inc.; Campbell, McCarty & Co.,jInc.;
Loewi & Co.; Patterson, Copeland & Kendall, Inc.; Stroud
8s Co., Inc.; Thomas and Co., and Ranson-Davidson Co.,
1000,000 Upper
'
v/
v
June 1,
through
Inc.'
117,000 Western
'
privately through Kidder,
tive
Kentucky Gas Co.
Air, Inc. 2%% subordinated
2, 1956.
Purpose, corporate
4,680 shares of 4.80% cumula-
Purpose, expansion. Price,
Offered by J. J. B. Hilliard 8s Son.
preferred stock (par $25).
$27 per share
and div.
$55,920,227
Tool'Co.
Grocery Co. 3% notes due May 1, 1967
to Hughes
Beane.
.
working
Merrill
capital ($583,Lynch,
Pierce,
MOTORS
$60,000 Continental
(par
$1).
„o^4foi
$4(76,504,000
$46,000,000
Hallowell, Sulzberger & Co.; Harrison
Lane, Space and Co., Inc.; A. M. Kidder
Kirkpatrick-Pettis Co.; Mackall & Coe;*Mason-
Clark & Co.;
W.
Co.; Johnson,
&
^
'notes, due June 1, 1962.
& Lovett
Purpose, refunding ($1,416,600),
400).
Placed
privately' through
*2,000,000 Winn
&
E'.
Co.
*5,000,000 Transcontinental & Western
convertible notes, due June
purposes.
Co.
Inc. 2%% notes dufe serially
Placed privately
Drexel
&
•
& Scribner;
expansion.
& Co.
Purpose,
& Co.; Salomon Bros. & Hutzler;
Allyn and Co., Inc.; Blair & Co.,
Co.; Hallgarten 8s Co.; McDonald & Co.;
Dick & Merle-Smith; Phelps, Fenn & Co.; Baker, Weeks
&
Harden; R.
W. Pressprich & Co.; Reynolds & Co.;
Francis I. duPont & Co.; The Illinois Company; Mullaney,
Ross & Co.;
Newhard, Cook & Co.; Watling, Lerchen &
Co.;
H. F. Boynton
& Co., Inc.; Folger, Nolan Inc.;
Green
Ellis & Anderson; Hannahs, Ballin & Lee; John¬
ston, Lemon & Co.;
Laird, Bissell & Meeds; Chas. W.
Scranton & Co.; Stein Bros. 8s Boyce; Starkweather & Co.;
A.
E. Aub & Co.; Bioren & Co.; J. C. Bradford & Co.;
Webber, Jackson 8s Curtis; H. O. Peet & Co.;
Jaffray & Hopwood; Reinholdt & Gardner; Reynolds
L. F. Rothschild & Co.;
Schwabacher & Co.;
*1,000,000 Thalheimer Brothers,
Life Insurance Co.
Edison Co. 160,000 shares of 4%% cumulative
preferred stock (par $100).
Purpose, refunding. Pyice,
$103,625 per share and div. Offered by Blyth & Co., Inc.;
W. E. Hutton 8s Co.; Kuhn, Loeb & Co.; Lee Higginson
Co.;
Co.;
and general corporate pur¬
Offered for subscription to
Toledo
Inc.;
.t
Co.;
&
of common stock
Corp.; L. F. Rothschild
Wertheim & Co.; A. C.
r
,
Fahey,
Simon
Telephone Co. 16,079 shares
stockholders.
16 000 000
Forgan & Co.;
M.
common
and ex¬
Offered for sub¬
poses.
general corporate pur¬
Skall,
Joseph, Miller & Co.; Smith, Barney & Co.; Smith, Moore
& Co.; William R. Staats Co.; Stein Bros. & Boyce; Stern
Brothers & Co.; Stifel, Nicolaus & Co., Inc.; Stix & Co.;
Swiss American Corp.] Spencer Trask & Co.; Waldheim,
Piatt & Co.; G. H. Walker & Co., and Dean Witter & Co.
Roos Bros., Inc. 3% notes, due May 1, 1962.
Purpose,
general
corporate purposes.
Placed privately through
I.
J. M. Dain & Co.; Clement A. Evans & Co., Inc.; Pacific
„
..
&
8s
Boettcher
8s
Corp.;
&
Co.;
&
Davis
&
Equitable
Sons;
Purpose,
Price, 101 and int. Offered by Goldman, Sachs 8s
Co.; Lehman,, Brothers; A. C. Allyn
Co. Inc.; Baker,
Watts & Co.; Ball, Burge & Kraus; A. G. Becker & Co.,
Inc.; Blyth & Co., Inc.; Bosworth, Sullivan & Co.; Alex.
Brown & Sons; Burnham and Co.; Frank B. Cahn & Co.;
Central Republic Co. (Inc.); Curtiss, House & Co,; Paul
H.
G,
& Electric Co. 608,000 shares of
$25).
Purpose, finance construction
par). Purpose, expansion
Price, $33 per , share.
(no
1,000 shares of 5%
$100). Purpose, reim¬
Price, $103 per share.
$25 per share.
Gas
(par
530,607 Peninsular
Dempsey-Tegelcr & Co.; Eastman, Dillon
Clark & Co.;' The First Boston Corp.;
Glover 8s MacGregor, Inc.; Hallgar¬
ten & Co ; Harriman Ripley & Co., Inc.; Hayden, Miller
& Co.;
Hemphill,- Noyea & iCod,. Henry Herripan ^,Co.;
Hornblower & Weeks; Edward D. Jones & Co.; Kidder,
Peabody & Co.; Kuhn, Loeb & Co.; Mackubin, Legg & Co.;
Laurence M. Marks & Co.; A. E. Masten & Co.; McDonald
& Co.;
Merrill Lynch, Pierce, Fenner & Beane; Merrill,
Turben & Co.; Moore, Leonard 8s Lynch; Morgan Stanley
& Co.; Mavnard H. Murch & Co.; Newhard, Cook & Co.;
F. S. Moseley 8s Co.; Paine, Webber
E., H.
1972.
1,
July
due
Telephone Co.
Washington
pansion program. Price,
scription to stockholders.
Department Stores Co. 2%%
tures
5,516 shares of common
share. Offered
cumulative
poses.
Peabody8s' Co.;
Harris, Hall & Co.
Jackson
15,000,000 May
Lehman Brothers;
Pierce, Fenner & Beane; Smith, Barney
8s
Webster Securities
Corp.;
Union Se¬
Stone
(Inc.);
The
by
Offered
Co.
additions. Price, $20 per
to stockholders.
Co.
&
Bruce
100,000 Oregon
MISCELLANEOUS
Eastman, Dillon & Co.; Glore, For¬
Sachs & Co.;
Harriman Ripley
Kidder,
Lynch,
Co.;
curities
103.1647.
1977.
Rauscher, Pierce
Eeecroft, Cole
expenditures.
loan, etc.
Insurance
*$20,000,000 Beneficial Industrial Loan Corp. 2%% promissory notes,
due April 1, 1967.
Purpose, retire short term bank loans,
working capital, etc. Placed privately with Equitable Life
Assurance
Society of the United, States, Guardian Life
Insurance Co.,
and New England Mutual
Life Insurance
Co. through Eastman,. Dillon 8s Co.
Co.;
&
Wood
E.
stock
\mon
$7,250,000
Goldman,
Co.;
Merrill
Price,
Corp.;
series due
shares of $5
Washington Telephone Co. 2,000 shares of com(no
par).
Purpose, reimburse treasury for
Price, $20 per share. Offered by Conrad,
40,000 Oregon
con¬
expenditures, corporate purposes.
Price, 104.213
Offered
by White, Weld & Co.; Kidder,
Peabody & Co.; Salomon Bros. & Hutzler; Union Securi¬
ties Corp.;
Bosworth, Sullivan
8s Co.;
Hallowell. Sulz¬
berger & Co.; Hill Richards & Co.; The Ohio Co. and
interest.
5,000
Co.
Gas
Telephone
(Ohio)
Purpose,
subscription
for
Construction Co., Inc. 20-year leasehold
*6,000,000 Tishman Realty &
Harold
Inc.;
110,320.-Lorain
$1,250,000 Little Co. of Mary and. Little Co. of Mary Hospital, Chi¬
cago
1st ref. mtge. serial and sinking fund (2%-3%)
bonds, series A," due April 1, 1952-1962. Purpose, refund¬
ing.
Price, 100.50 to 101 according to maturity. Offered
by B. C. Ziegler & Co.
struction
and
Natural
etc.
and Estes,
stock.
The
Co.;
&
bonds,
mtge.
G. H.
& Co.; White, Weld
and Fred C. Yager, Inc. •
Lerchen
Watling,
United Trust Co. of Abilene, Kans.;
Snyder & Co.
Co.;
&
ETC.
BUILDINGS,
Co.
&
8s
Placed privately
stock
12,000,000 Southern
Corp.;
Securities
Union
Co.;
8s
The Wisconsin Co.,
Co.;
Belden,
loan due $300,000 semi¬
Petroleum Corp. 3 V2 %
LAND,
Curtis;
Purpose,
Offered
preferred stock (no par). Purpose, additional
Price, $105 per share.
Offered by First
Trust Co. of Lincoln, Neb.; Cruttenden & Co.; Frank 8s
annually 1958-1962. Purpose, refunding.
with Northwestern Mutual Life Insurance
Pressprich & Co.; Salomon Bros. & Hutzler; Scott
& Stringfellow; Smith, Barney 8s Cq;} Stone & Webster
Securities
Corp.;
Stroud
& Co.,
Inc.;
Union Securities
Corp.;
&
Co.;
&
Walker
facilities,
W.
Tne
Trask
Spencer
OIL
Co.;
Moseley
preferred
cumlative
*$3,000,000 Warren
&
Co., and
for
exchange
530,000 Kansas-Nebraska
&
&
4V2%
preferred. Unexchanged shares
(46,177) offered by Morgan Stanley & Co.; W. E. Hutton
& Co.; Almstedt Brothers; Ball, Burge & Kraus; Blyth &
Co.
Incr; Alex.
Brown & Sons; Curtiss, House 8s Co.;
Drexel & Co.; Fahey, Clark & Co.; Field, Richards & Co.;
The First Boston Corp.; The First Cleveland Corp.; First
of Michigan Corp.; Goldman, Sachs & Co.; W. D. Gradison
& Co.; Grant-Brownell & Co.; Greene & Brock; Harriman
Ripley 8s Co.,
Inc.; Hawley, Shepard & Co.; Hayden,
Miller 8s Co.; Hill & Co.; J. J. B. Hiiliard & Son; Colgate
Hoyt & Co.; Kidder, Peabody & Co.; Lee Higginson Corp.;
McDonald & Co.;
Merrill, Turben & Co.; Maynard H.
Murch 8s Co.; The Ohio Company; Prescott & Co.; Putnam
&
Co.; Chas. W. Scranton 8s Co.; Skall, Joseph, Miller
& Co.; Smith, Barney & Co.; Stein Bros. & Boyce; Stone
&
Webster Securities Corp.; Sweney, Cartwright 8s Co.;
in
series of 1957,
Co.,
&
Merrill
•
Price, $27.50 per
for old preferred
& Co., Inc.;
foregoing).
I
$33,880,000
Inc.; Johnston, Lemon & Co.; Kebbbn,
McCormick.& Co.; Kidder, Peabody 8s Co.;
KirkpatrickPettis
Co.;
Kuhn, Loeb & Co.; Lazard Freres 8s Co.;
Lee
Higginson
Corp.;
Lehman
Brothers;
Laurence * M.
Marks
*
The
by
10,000,000 Dayton Power & Light Co. 100,000 shares of
\]
stock 3.75%
leries A cumulative (par $100).
v
refunding.
Price,
$101.50 per share and div.
(N. J.) Distillery Co. 10-year 7% deben¬
and 54,000 shares of common
Purpose, retire outstanding loans and
Price, $800 per unit of one $500 deben¬
ture
and
150 shares of stock.
Offered to the public
by the company.
: *
Weeks;
Johnson, Lane,
Hornblower
Illinois
The
Co.;
-
Purpose, refund¬
(par $25).
expansion ($2,198,900).
(67,044 shs. in exchange
(Offered
7,500,000 Dayton Power & Light Co. 75,000 shares of preferred
stock, 3.75% series B, cumulative (par $100).
Purpose,
construction.
Price, $102 per share and div.
Offered by
same
bankers who
offered the series A preferred (see
general
Whipple
stock
Byllesby & Co., Inc.
155,000 shares of $1.10
First Boston Corp.; Blyth
Refsnes, Ely, Beck & Co.; Benton M. Lee
Henry Dahlberg & Co.
(par
Co.; Harriman
(Inc.); Hayden,
&
Harris, Hall & Co.
HemDhill, Noyes 8s Co.;
J.
i
Republic Co. (Inc.) and H. M.
stock)
$2).
working capital.
Inc.;
& Telephone Co, 15,200 shares of com¬
$25).
Purpose, cost of extensions, etc.
share.
Offered by Blyth 8s Co., Inc.;
($1,676,100),
share.
Corp.;
Inc.;
Co.;
Co.,
8s
ing
County
bonds,
ture
stock
Co.;
Corp.;
Boston
Inc.;
Barbour
Bacon,
Corp.;
180,000 Sussex
I
R. L. Day 8s Co.;
Drexel & Co.; Francis I.
&
Courts
Equitable
Co.;
The First
Co.;
Folger,
Nolan
Ripley & Co.,
-
Co.;
Securities
Dominion
duPorit
Bramhall,
Co.;
&
&
1, 1967.
& Co.; A. G. Becker
&
Co.
Inc.;
Blyth &s Co., Inc.; Alex. Brown & Sons;
Central
Republic Co.
(Inc.); J. M. Dain & Co.; The
First Boston Corp.; Hallgarten
& Co.; Harriman Ripley
&
Co.,
Inc.;
Hayden, Stone & Co.; Hemphill, Noyes
& Co.; Hirsch 8s
Co.; W. E. Hutton 8s Co.; Kay, Rich¬
ards & Co.; Kidder, Peabody 8s Co.; Laurence M. Marks
& Co.; A. E. Masten & Co.; Merrill Lynch, Pierce, Fenner
&
Beane;
Moore,
Leonard & Lynch; Morgan Stanley
&
Co.;
Piper, Jaffray & Hopwood; R. W. Pressprich
8s Co.;
Riter 8s Co.; E. H. Rollins & Sons Inc.; Salo¬
mon
Bros. 8s Hutzler; Singer, Deane 8s Scribner; Smith,
Barney
& Co.;
Stein Bros. & Boyce; Swiss American
Corp.; G. H. Walker & Co.,
and Wertheim 8s Co.
E.
1st
Hampshire
York & Co.,
($3,615,750). Price, 100% and interest. Offered by
Goldman, Sachs & Co.; Lehman Brothers; Adamex Se¬
curities
per
cumulative preferred
\j
bonds,
loans,
funds
mtge. bonds,
scries B,
2%%, due 1977.
Purpose, reimburse treasury
for moneys expended for
expansion, improvements, etc.
Price, 101.915 and interest
Offered by The First Boston
of
Co.
Pur¬
payment
Purpose,
Anthony & Co.
Co., and Tucker,
Service
and Warren W.
Co. 2%% debentures, due June
of bank loans ($11,384,250);
15,000,000 National Supply
Co., Inc.; R. W. Pressprich & Co.; E. H. Rollins
L. F. Rothschild 8s Co.; Earl M. Scanlon &
Schwabacher
Co..
&
Cunningham
K.
S.
Peters,
Inc.;
loah.
Inc
Inc.;
Thomas
4,500,000 Public
Copeland
Christensen,
&
Sons,
Co.; Otis 8s Co.;
Patterson,
&
Pollock
&
cost 2.7%)
purchase of new equipment and working capital.
Price,
99-101 and interest, according to maturity.
Offered by
Martin, Burns &
Mullaney, Ross & Co.;
Paine, Webber, Jackson
Milwaukee Co.;
June
due
(par
$34
Central
etc.
Placed privately with Metro¬
Co. and Mutual Life Insurance Co.
Driller Co. 1st (closed) mtge. serial 5%.
1, 1948-1957.
Purpose, payment of bank
300,000 Keystone
Corp.f
Higginson
Lee
Co.;
by
Water
stock
Price,
politan Life Insurance
Equitable Securities Corp.;
Corbett,
improvements,
pose,
Hemphill & Co.
516,800 California
3,875,000 Central Arizona Light & Power Co,
(interest
Corp.
*5,000,000 Johns-Manville
Blair & Co.; H. F. Boynton & Co., Inc.; Burr &
Co., Inc.; Central Republic Co., Inc.; Coffin & Burrr, Inc.;
Julien
Collins 8s Co.; Coughlin & Co.; Dick & MerleSmith; R. S. Dickson & Co., Inc.; Francis I.
duPont &
& Co.; Raggio, Reed & Co.; Blankenship, Gould & Blakely,
Inc.; Brush Slocumb & Co.; Foster & Marshall; Hemphill,
Fenton 8s Campbell, Inc.; Irving Lundbirg 8r Co.; PaineRice & Co.; Wm. P. Harper & Son & Co.; Holt, Robbins
&
Co.; Lester & Co.; Revel MiLer & uo„ and
vvaiua
;
mon
Offered
expansion.
series B.
Purpose,
Investing Co.
debentures,
.
sinking fund 10-year serial
5%
Mohawk Valley
William
'
Inc.
Service,
50,000 Household
The First Boston Corp.
through
Co.
Insurance
Life
Colorado
of
due
corporate purposes.
Co. Inc., with New
to June
1, 1953.
Purpose,
privately, through Carver &
England Mutual Life Insurance Co.
Purpose,
$20).
made
for
additions,
Offered by
Blyth & Co.,
by Dempsey-
& Co.
secured debentures,
Power
Oregon
(par
penditures
4V2% series convertible
Purpose, retire bank
serially
1st mtge. bonds, 27/s%
series due June 1, 1977.
Purpose, refunding. Price, 103 Va
and int.
Offered by Halsey, Stuart & Co. Inc.; AllisonWilliams Co.; A. C. Allyn & Co, Inc.; Auchincloss, Parker
40,000,000 Public
stock
•
3 Ms %
Co.
Range
.
UTILITIES
Co. 10,000 shares of common
reimburse treasury for ex¬
etc.
Price, $22.25 per
share.
Inc.; Tne First Boston
Corp.;
Kidder,
Peabody &
Co.;
Dean
Witter & Co.;
Central Republic Co. (Inc.); First California Co.; Shuman,
Agnew 8s Co.; Sutro & Co.; Elworthy & Co.; Graham,
Parsons & Co.; Schwabacher & Co.; Maynard H. Murch
8s Co.; Davis, Skaggs & Co.; Walston, Hoffman & Good¬
win;
Wulff, Hansen & Co.;
Pacific Co. of California;
William R. Staats Co.; Atkinson, Jones & Co.; Bateman,
Eichler & Co.;
Hayden, Miller 8s Co.; Hill, Richards &
Co.;
Mason
Brothers;
Mitchum,
Tully & Co.; Pacific
Northwest Co.;
Whiting, Weeks 8s Stubbs; Wesley Hall
400,500 California
and J, W. Brady
Tegeler & Co.,
*600,000 Glenwood
•
PUBLIC
due May 1, 1962.
Placed privately
,
value are taken at par, while pre¬
stock are
par
value and all classes of common
.
Glatfelter Co. 3Va%
sinking fund bonds, due
Purpose, expansion and plant improve¬
par.
Placed privately with New York Life
Insurance Co. through Union Securities Corp., and Stroud
500,000 Bearing's Co. of America 1st mtge.
bonds,
due May
15, 1948-1962.
loans.
Price,
100 and interest.
par
no
/
Price,
Placed
,
•
1967.
1,
ment.
stated
a
computed at their offering prices.)
H.)
(P.
May
Co.;
*804,000 Philadelphia Transportation Co. (1.9% -2.6%) equipment
trust certificates, series H, due serially 1949-1954. Purpose,
purchase
of
equipment.
Placed
privately
with seven
Philadelphia banks.
STOCKS
(Preferred stocks of
*2,500,000 Apex Electrical
sory notes, due
Shields & Co.; Kidder,
Peabody & Co.; Bear, Stearns & Co.; Equitable Securities
Corp.; Hallgarten & Co.; Tucker, Anthony & Co.; Lau¬
rence M.
Marks & Co.; The Milwaukee Co.; Auchincloss,
Parker & Redpath; Alex. Brown & Sons; First of Michigan
Corp.; Stroud & Co., Inc.; R. L. Day & Co,; Moore,
Leonard & Lynch; The Ohio Co.; The Robinson-Humphrey
Co.; Singer,
Deane & Scribner; Weedeu. & Co., Inc.;
Newhard, Cook & Co., and Perrin, West & Winslow, Inc.
Weld
Purpose, corporate
York Life Insur¬
ferred stocks of
Purpose,
White,
by
MISCELLANEOUS
Magazine TJontributors, Inc.
3% Convertible
notes, due March 25,
1948.
Purpose, increase working
capital. Price, par. Offered direct by company.
$100,000 Associated
MANUFACTURING
Co.
ance
of
Offered
,
AND
INDUSTRIAL
OTHER
*$5,000,000 American-Marietta Co. 15-year note.
purposes.
Placed privately with New
Inc.
Power & Light Co. 1st mtge. bonds, 2%%
1977.
Purpose, repay construction loan, con¬
new
facilities,- etc.
Price,
101 Va and int.
8,500,000 Mississippi
series, due
struction
by
Including Five Years)
serial notes due 1948-1957.
Purpose, repay short-term obligations ($320,000), working
capital
($180,000).
Placed privately with Marshall &
Ilsley
Bank of
Milwaukee and Provident Mutual Life
Insurance Co.
through H. M. Byllesby 8s Co., Inc.
*$500,000 Sterling Motor Truck Co., Inc.
Consolidated
6,000,000 Michigan
2i, 1947
Maturing Up to and
Short-Term Bonds and Notes (Issues
ACCESSORIES
AND
MOTORS
Co.;
&
Monday, July
CHRONICLE
AND
ACCESSORIES
Co, 60,000 shares of common stock
Purpose, purchase of equipment and working
Body
r»rW
<61
npr
share
Offered
bv
Moreland 8s Co.
Volume 166
Number 4613
OTHER
INDUSTRIAL
$39,107,600 American
AND
Cyanamid
THE COMMERCIAL & FINANCIAL
CHRONICLE
MANUFACTURING
Co.
391,076
share3
of
"vv.no
cumulative
"$135,000)American
preferred
stock, series A 3V2%
(convertible)
(par $100).
refunding
($15,558,627), expansion, etc.
($23.548,973).
Price, $102 per share.
Offered for subscription
fdr
\
Baker,
Weeks
&
Harden;
Ball,
Burge
and
(
1
<
i'
:
•
i
;■
:■
I
,
'i
-
i
1
f
.
'
I
j
Sulzberger &
|
j
:
&
i
,
||'
I
I
Henry
Ripley
Miller
Herrman
ft
ft
Co.;
&
!
1,000,000
It..
|
S.
Moseley
Newhard,
Northwest
Cook
ft
Co.;
The
Ohio
Company;
j
f
J
i
Barney
Co.;
&
Smith,
Moore
&
J
•
-
"
.
-
and
Yarnall
J.
W.
80,000
Co."
Hannaford
•
Life
Standard
Jefferson
Insurance Co.,
Insurance
Co.;
Pilot
(no
G.
Placed
:
(par
privatley
367,500 Clopay
$100).
Life
share.
Offered
Beane;
heimer
and
The
.
.{
Reynolds
'■!
W.
.
Ohio
S.
R.
Detmer
&
Co.;
ft
Co.;
Johnston,
Straus
H.
.
,
ft
Lemon
Co.;
&
Co.;
E.
&
•
&
Hornblower
ft
Kidder,
Peabody
Co.;
Legg
Co.;
ft
;
'
Inc.
4,000
Co.
of
shares
ft
-:
ft
l
'(
;•
,
735,200
_
:
•
.
•-
'
•
'•
x.
(P.
& Co.
'
Glatfelter
H.)
Co.
Philadelphia,
sundry trusts.
Co,
.f
•t
of
150,000 National
P.
Bond
i50,000
l
&
'
/
-
.
,
.
.
•
r
'
■:
t'.:
v
-
».
>
.
Glass Co., Inc. 30,000 shares of common stock
Purpose, purchase of new machinery, working
capital;
etc.
Price,' $5 per" share.
Offered by Bond
& Goodwin; Inc.
I
"
•
National
;
.
.
.
tive
»
per
.
■
1
share.
shares of 4VZ%
162 150
!
'
■
*
...
.
•*
Lord ;
Woolfollc,
G.
Price,
.
j
.
8,000
/
shares
Power
of..
Bousman, and
common
Offered
Co.
&
s
390,000
stock
by Shields
shares
of
(par
&
Co.
common
Price, $22.25 per share.
Offered
by
The First Boston Corp.; Kidder, Pea-
Co.; Schv;a& Co.; Maynard H.
Murch & Co.;
Davis, Skaggs
Co.; Walston, Hoffman ft
Goodwin; Wulff, Hansen &>
Co.; Pacific Co.:-of
California; William R. Staats Co.;
Atkinson, Jones ft Co.; Bateman, Eichler &
Co.; Hayden.
C°->. Hill
Richards ft
Co.;
Mason
Brothers;
Mitchum, Tully & Co.; Pacific Northwest
Co.; Whiting,
Weeks & Stubbs;
Wesley Hall & Co.; Raggio, Reed ft
Co.;
Blankenship, Gould & Blakply, Inc.; Brush, Slocumb fa
.
'
J
•
:•,
ac¬
•
-
Co.; -Foster
ft
per
-
,.
.
Fenton
ft
Campbell,
..
-u
Crtittenddn &
Co.; Pacific Co.. of California;
William R. Staats Co.; Stix &
Co.;
Co.;
Metropolitan St. Louis Co.;
Securities Co. of Chicago; A. M.
W. D. Gradison &
f
Reinholdt & Gardner;
stock
R.
Livingstone
ft
Detmer
'
Price,
Hemphill,
Co.; Paine-Rice ft Co.; Wm. P.
Co.; Holt,-Robbins & Co.; Lester ft
Co;
ft Co., and Waldo
Hemphill & Co.
ft
2,257,500 Clopay Corp. 215,000 shares of common
stock (par $1).
Pnce) $10.50 per share. Offered by Merrill
Lynch, Pierce,
Fenner & Beane; ReynoldsAi
Co.; Hawley, Shepard & Co.:
Westheimer and Co.; I. S. Simon &
Co.; Fahey, Clark fa
;
-Co.; The Ohio Co.; Hayden/ Miller &
Co.;
...
•
Marshall;
-Inc.;-Irving Lundborg &
.
Harper & Son
Richter
preferred
Co.
Stirling, Morris
Inc.
bacher
.
McCourtney-Breckenridge
cumulative
W.
Inc.;
Co.;
Price, $40 per share.
Revel Miller
Scherck,
Herbert
_&
,
H.
$1
Inc.;
Blyth ft Co., Inc.;
body & Co.; Dean, Witter &
Co.; Central Republic Co.
(inc.); First-California Co.;
Shuman, Agnew ft Co.; Sutro
& Co.;
Elworthy & Co.; Graham, Parsons &
•
stock
taxes,
&
Oregon
(par $20).
stock
I/,
.
'
)
Insur-
1
v
&
Co.; First
Kidder &."Co.; H. B. Cohle ft
Co.; Clair S. Hall & Co.;
Johnston, Lemon & Co.; McDonald-Moore &
Co.; C H.
Reiter & Co.;
Seasongood ft Mayer; Smith, Hague ft
Co.;
Straus -St
Blosser;;Watkins & Fordon, Inc.; Ellis ft Co.;
A.
E. Aub &
Co.; Breed & Harrison, Inc.; Collin, Norton
Co.; Holley/ Day ton /& Gernon; M. F.
Leighton & Co..;
& Dolphyn,- and Skall,
Joseph, Miller
ft CO.
-
Credit
Banks
Mercier, McDowell
*
.
1.10%
consolidated
77,625 Durez Plastics & Chemical Co.
4,500 shares of
stock
(par $1.66%).
Price, $17.25 per share.
by Blyth & Co., Inc.
..
Government
of,
10-year
'
.
3V\%
bonds,
due
I
1957.
Purpose, refunding.
Price, .97Va
and
Offered by Morgan Stanley & Co;; A. C.
Allyn
Inc.; A. E. Ames ft Co., Inc.;
Auchincloss, Parker
ft
Redpath;. Baker, Weeks & Harden; Ball,
Burge ft
Kraus; BeaY, Stearns ft Co.; A. G. Baker & Co.
;
/ /
,
Co.
Folger,
Nolan
Inc.;
& Co.; Graham,
Parsons & Co.;, Hall¬
Harriman, Ripley ft Co., Inc.; ■ Harris,
(Inc.);. Hayden, Miller .& -Co/
Hayden,
Stone & Co.; Hemphill, Noyes & Co.; J. J. B.
Hilliard
& Son; Hornblower ft
Weeks; W. E. Hutton & Co.; The
Illinois Company; Kalman St
Co., Inc.; Kidder, Peabody
Sachs
&
McLeod,
Fenner
-
Murch
ft
ft
Young,
Beane;
Co.;
Weir,
F.
The
S.
Ohio
•Curtis;
Riter
ft
■
Inc.;
ft
Hutzler:
ft
Co.;
Stroud
.
.
ft
Co.;
Welsh,
L.
ft
F.
E. .H. Rollins
&
Co.; Salomon Bros.
Hutton & Pomeroy, Inc.; Shields
Staats Co.; Stern Brothers ft
Rothschild
Schoelikopf,
William
R.
Co.;
Co., Inc.; Sweney, Cartwright & Co.; Swiss
Corp.; Spencer Trask ft Co.; Tucker,
Anthony
Union Securities Corp.; G. H. Walker St
Co.;
Davis and Co.; White, Weld ft
Co.;
Whiting,
American
I
Inc.; Merrill Lynch, Pierce,
Moseley ft Co.;
Maynard H.
Co.; Paine, Webber, Jackson ft
Co.; R. W. Pressprich & Co.;
shares
of
Offered
common
per
shares
share.
of
common
Offered
by
stock
StifOl,
.
342,412 Indiana Gas
••;:
& Water Co., Inc.
24,458' shares of common
Price, $14 per share. Disposed of by Middle West
stock.
-
Corp.
■
'■■■:
.
.
37,000 Jamaica Water Supply .Co. ,1,000 shares of common
stock
(no par).
Price, $37 per share. Offered by Blyth & Co.»
Inc.;
'•. •/..
•
.
48,000 Kuner-Empson Co.
$4
/
per
Inc.,
share.
and
/
f
12,000 shares
Offered
Boettcher
t263,250 Miiller Brass
Co.
&
by
of
Peters,
share.
' "
common
Writer
Co.
13,000 shares of
Price, $20.25 per
Fenner &'Beane.
Offered
capital
&
stock.
Price,
Christensen,
stock
(par $1).
by Merrill Lynch, Pierce,
850,000 Nutrine
'•
"
1
'
Candy Co. 100,000 shares of common stock
(par
Price, $8!50 per share.
Offered by Stifel, Nicolaus
Co., Inc.; Bacon, Whipple & Co.; A. C.
Allyn and Co.,
Inc.; Dempsey-Tegeler & Co.; A. G. Edwards
ft
Sons;
Newhard, Cook ft Co.; Ames, Emerich ft Co., Inc.;
Buckley
Brothers;' Hickey &
Co., Inc.; Kalman & Co.,
Inc.;
Rauscher, Pierce ft Co.; Reinholdt &
Gardner; Dit/mar
& Co., Inc.; The First Cleveland
Corp.; Ketcham & Nongard, and Marianna Securities Corp.
&
Phelps. Fenn &
ft Co.; The
Robinson-Humphrey Co.;
Sons
1,500
Co.;
Co.
Co.; Kuhn, Loeb & Co.; Laird, Bissell & Meeds; Lazard
ft
Co.; Lee Higginson Corp.; Lehman Brothers;
M.
Loeb, Rhoades & Co.; Laurence M. Marks ft
Co.;
Co. ,1,909,968
.
Carl
cumula¬
Utilities
42,000 Huttig Sash & Door Co.
r- •
(par $5). - Price, $28.50
Nicolaus & Co. Inc.
Inc.;
Blair; & Co'.-, Inc.; William Blair & Co.'
Blyth & Co., Inc.';
Bosworth, Sullivan & Co.; Bramhall, Barbour &
Co.,
Inc.; Alex. Brown ft Sons; Central
Republic Co. (Inc.);
Charles Clark & Co.;
Clark, Dodge & Co.; Julien Collins
& Co.;
The Dominion- Securities
Corp.; Drexel ft 'Co.;
Francis I. duPont & Co.;
Eastman, Dillon &-Co.; Equitable Securities Corp.; Estabrook &
Co.; The First Boston
Corp.;
First
of
Michigan Corp,;
&
States
common
.
stock
(no par).'Price, 1,885,679 shares at $11.50 per
share; 24,289 shares at $15.25
per
share. 1 Offered for
-subscription to Engineers Public Service Co.
(Inc.) stock.holders. Unsubscribed shares .(24,289) sold at
competitive
bidding aind reoffered at $15.25 per share by
Bear, Stearns
ft Co. and
Silberberg & Co.
I
Freres
.
Dominick; Francis I. duPont & Co.;
Shuman, Agnew ft Co.; George R.
Fauset, Steele & Co.; Granbery,
Minch, Monell & Co .; and
Inc.;
Rollins & Sons
$2.50).
<
-
1,
interest.
&
Southern Webbing Mills, Inc. 16,125 shares of capital
stock
(par $10).
Purpose, capital purposes.
Price, $10
share.
Offered for subscription to stockholders.
$50,989,050
Co.;
common
.
Offered by Almstedt Brothers; Bankers Bond
Alden ft Co.; Smart & Wagner, and Wilson,
&
of
Government Agency Issue"
Intermediate
garten
preferred
stock
(par
$20).
Purpose,
refunding
corporate purposes ($800,000).
Price, $20.40
Co.; O'Neal,
'Trinkle Co.
and
Goldman,'
($200,000),
v
Loan
..Hall.
.
shares' of 4% cumulative
50,000
Corp.
&
ft
Co.;
8,677,500 California
.
'
preferr.ed stock, series A
(par $100)... Purpose,, pay bank
bote and working capital.
Price, $102.50 per share and
dividend.
Offered by Paine, Webber, Jackson & Curtis;
Schwabacher
&
Co.;
Kebbon,
McCormick & Co.;
Lee
1,000,000 Peasley-Gaulbert
a
s
.
Masten
debentures, dated July 1, 1947, due April
1, 1948.
Pur¬
refunding ($38,455,000), hew money purposes
($15,225,000).
Price, par.
Offered by Charles R.
Dunn, New
York, fiscal agent.
&
Higginson Corp.; White, Weld & Co., and Riter & Co.
,
.v
.
Other Foreign
,/.
*
Piatt
June
„
ft Co.;
Mackubin,
E.
■
.$19,000,000. Australia,, Commonwealth
of common s't'ock
improvement. 'Price,
with Provident Trust
Glatfelter, trustee for
H.
A.
Co.
,
ft
Co.,
1320,000 Bristol-Myers
Jones
Co.;
Co.
shares
and
3.80%
Singer, Deane
ft Co.;
Laird,
Inc.; Bioren
Co.,
$1),
H.
22,055,716 Gulf
capital,
2,500,000 Nopco Chemical Co. 25,000
D.
&
Co.;
S.
Inc.
Dominick
lograham
E.
•
Co.,
Mlnton ft Co., Inc.;
Howard, Labouisse, Friedrichs & Co.; Charles A.
Taggart
& Co.;
MacColl, Fraser St Co.; Mead, Miller ft Co.; S. K.
Cunningham St Co., Inc.; Gordon Graves & Co.
....
Merrill
125,000
&
^ Sills
Schaefer & Co.;
Wilson, Johnson & Higgins; Courts &
Co.;
1
:
pose,
(
'
ft
Purpose, general corporate purposes.
Placed privately. with
Mutual Benefit Life
'
(par $1).
i1
Simon
Brothers,
$53,680,000 Federal
Co., Inc. 15,000 shares of 6% cumulative
stock (par $10). Purpose, pay loan,
etc.
Price, $10' per share.
Offered by
Goodwin, Inc. •
>;
•
•
working
M.
S.
&
convertible preferred
i
■f
.
Farm
<
Glass
i
Inc.
F,
Co.
Co.,
Co.;
Paul
Eastman,
I
$24,159,900
40,000 shares
and
Co.;
Loeb
Marks
$100).
ance
(par $10).r Purpose; expansion and
$12.50 per share.
Placed privately
■
•
i
'
par.
•
*
'
&
Co.;
ft
Co.;
Offered by Stubner ft Co.
I.
preferred
Parsons
*500,000
Edward
Kuhn,
CO.
(par
i
H.)
first
&
Purpose, pay chattel mortgage,
payable and for working capital.
*3,000,000 Seeman
.
Glatfelter Co. 6,243 shares of 5%
cumulative
stock (par $100).
Purpose, improvement
program.
Price, 101 and dividend.
Offered by Stroud
&
Co., Inc.; E. H. Rollins & Sons, Inc., and Graham,
€24,300 (P.
&
by
(par $10).
Moseley & Co..
Co., Inc. 125,000 shares of common
stock
(par $1). Price, $8
per share.
Offered by Hayden, Stone
&
Co.; Amott, Baker ft
Co., Inc.; Bache ft Co.; Bru.sh
BIocumb & Co.; Burr & Co., Inc.; H. M.
Byllesby & Co.,
inc.; Cohen, Sinionson &
Co.; Cohu & Torrey; Frahcls I.
duPont & Co.; A. G.
Edwards & Sons; Clement A.
Evans
®
.c°-< lnG-} Johnston, Lemon ft Co.; Howard,
Labouisse,
Friedrichs & Co.; A. M. Kidder &
Co.; Kuhn, Loeb & Co.;
Maynard H. Murch & Co.; Paine,
Webber, Jaekson &
Curtis; Piper, Jaffray ft
Hopwood; E. H. Rollins &
Sons Inc.;
Seligman, Lubetkin & Co., Inc.;
Sills, Minton
& Co.,
Inc., and Straus & Blosser.
(par
share
per
Cahn
B.
House
Co.;
Co.;
.
William R. Staats Co.
Pur¬
Securities Investment Co. of
St.
Louis
7,352 shares of
5%
cumulative
convertible preferred stock
(par $100).
: Purpose,
general
corporate
purposes.
Price,
$101
per
share and div.
Offered by Mark C.
Steinberg & Co.;
Stix
&
Co.; Edward D. Jones ft
&
Lunt.
California, and
Frank
Weeks;
M.
ft
-
stock
common
Gum, Inc., 268,575 shares of common
stock
Price, $7,125 per share.
Offered
by
Van
& Co-' Hl L> Eme^on ft
Co. Inc.;
Herrick,
waddell & Co.,
Inc.; Johnston, Lemon & Co.;
DempseyAc
Bfashears & c°m Buckley Brothers; Coburn As
Midalebrook; Carl M. Loeb, Rhoades &
Co.; R. H. Johnson
& Co.;
Peters, Writer &
Christensen, Inc.; Reinhotdt fa
Gardner; Frederick S. Robinson ft
$3.75
$100
50c).
share.
.
•
.
of
par).
(no
Price,
ft
Co.;
Waldheim,
and Dean Witter ft
Co.,
Research
(par
750,000 General Controls Co. 30,000 shares "of 6%
cumulative
preferred stock (par $25).
Purpose, pay bank loan, etc.
Price, par.
Offered by Wagenseller & Durst, Inc.; Lester
&
Co.; Bingham. Walter & Hurry; Pacific Company of
!
Trask
ft
counts
300,000 General Controls Co. 10,000 shares of common stock (par
$5).
Purpose, increase working capital.
Price, $30 per
share.
Offered by Wagenseller & Durst,
Inc.; Lester ft
Co.;
Bingham,
Walter & Hurry;
Pacific Company of
California, and William R. Staats Co.
i
series
Gardner;
125,000 Reed
...
•i
by
Scribner;
Walker
Inc. 10,000 shares of common stock
Purpose, to retire indebtedness and corporate
Price, $11.25 per share.
Offered by Hamlin
purposes.
t
privately
Reynolds & Co.; L. F. Rothschild &
Co.;
& Co.;
I. M. Simon ft Co.;
Singer, Deane
Skall, Joseph, Miller & Co.; Smith,
Barney
Co.; Smith, Moore ft Co.; William R. Staats
Co.;
Stein
Bros,
ft
Boyce;
Stern
Brothers
ft
Co.;
Stifel,
Nicolaus ft Co., Inc.; Stix ft
Co.; Swiss American Corp.;
Industries,
(par. $1).
:
.
;.
Boston
ft
5%%
capital.
& Co.,
■
112,500 Frontier
I
McDonald
Spencer
Manufacturing
•.
Schwabacher
Harrison, Inc.;
preferred
stock
(par $50).
Purpose, working
Price, $52.75 per share.
Offered by Sides, Morse
.
Beane;
ft
Co.
200,000 Farrington
ft
Laurence
Becker
of
Offered
1,000,000 Benrus Watch
by
Lynch, Pierce, Fenner
Merrill, Turben ft Co.;
Moore,
Leonard
&
Lynch; Morgan Stanley ft Co.; Maynard II. Much &
Co.;
Newhard Cook & Co.;
Paine, Webber, Jackson & Curtis;
H. O. Peet ft Co.;
Piper, Jaffray ft Hopwood; Reinholdt
30,000 Colonial Packing Co. 20,000 shares of common stock (par
SI).
Purpose,
additions,
etc.
Price, S1.50 per share.
Offered by Buckley Brothers and Bioren & Co.
;
ft
Co.;
&
200,000 Colonial Packing Co. 20,000 shares of 6% cumulative pre¬
ferred stock
(par $10).
Purpose, additions, etc.
Price,
$12.50
per
share.
Offered
by
Buckley Brothers, and
Bioren ft Co.
,
Co.;
Co.;
Co.;
ft
Breed &
First
Co.;
Mai ache
($4,945,Price,
Brothers;
shares
89,467
1947
Dempsey-Tegeler
&
Seasongood & Mayer; Smith, Hague & Co.;
Watkins & Fordon, Inc.; Ellis & Co.;
Co.;
Co.;
ft
Blosser;
Aub
Inc.;
Placed
purposes.
Clark
Collin, Norton
& Co.; Holley, Dayton ft Gernon; M. F. Leighton & Co.;
Mercier, McDowell ft Dolphyn, and Skall, Joseph, Miller
A.
;
ft
G.
Huggins & Shober.
:
corporate
A.
shares
$1,915,734 Bowman
Co.
stock,
share.
Fahnestock
cumulative
Lehman
Co.,
share.
per
Stores
preferred
general
Davis
&
Co.; Clair S. Hall & Co.;
McDonald-Moore ft Co.; C. H.
Cole
B.
$50
10,000
per
Co°.ey&
Co.
&
Co.
$46
G. H. Walker &
Co.; Grimm
Bissell & Meeds;
MackallAe Co.; Paul ft
work¬
Offered
refunding
by
&
offered
Representing New Financing
Steel
leCQniivfS
&
Scribner,
&
($2,555,000).
Offered
Blyth
Cruttenden
Fahey,
Co.;
-
&
Co.; Fahey, Clark ft Co.; The First Boston
Corp.; Glore, Forgan ft Co.; Glover &
MacGregor, Inc.;
Hallgarten ft Co.; Harriman Ripley & Co.,
Inc.; Hayden,
Miller ft Co.; Hemphill, Noyes & Co,;
Henry Herrman
etc.
Miller ft
business,
3%%
of
Purpose,
div.
Co.;
Dillon
common
Co.;
Metropolitan St.
Louis Co.;
Securities Co. of Chicago; A. M.
Livingstone ft
&
Co.; First
Reiter &
'
S. Simon
of
Curtiss,
K.
ft Co.; Pacific Co. of California; Rein¬
Gardner; William R. Staats Co/ Stix & Co.;
&
Kidder
1
I.
Hayden,
shares
purposes
Sons;
Burnham
and
Co.;
Central Republic Co. (Inc.);
Gradlson
D.
holdt
•
Co.;
Co.;
75,000
who
.
sharfe.
per
&
stock (par $1).
Price, $10.50 per
by
Merrill
Lynch,
Pierce,
Fenner
&
ft Co.;. Hawley, Shepard & Co.; Westof
loan,
term
cumulative
bank loans,
Offered by
and
div.
Offered by
Goldman, Sachs & Co.; Lehman
Brothers; A. C. Allyn ft Co. Inc.; Baker, Watts &
Co.;
Ball, Burge & Kraus; A. G. Becker & Co. Inc.;
Blyth
&
Co.,
Inc.;
Bosworth, Sullivan
ft
Co.;
Alex.
Brown
cumulative preferred stock, 1947
general corporate purposes.
shares
of
&
Department
cumulative
through The Illinois Co.
payment
$10
$100).
and
Price,
Walker
pose,
Purpose,
35,000
Corp.
Purpose,
H.
8,946,700 May
■
series
Inc.
(par
share
per
expansion.
per
and Security Life ft Trust Co.
*2,000,000 Cherry-BurrcII Corp. 4%
retire
share.
purchase
Price,
.
corporate
Goldman,- Sachs
*2,000,000 Blue Bell Inc. 4J/2% preferred stock.
Purpose, expansion.
Placed privately with Prudential Insurance Co. of Amer¬
ica;
5V2%
of
3y2%
bonds, dut>
Price, 97Vs and Int.
the $19,000,000
bonds due June 1, 1957 (which see
above).
bankers
same
•
Corp.; Hemphill, Ncyes & Co., and Kuhn, Loeb & Co.
204,000 Kay's-Newport,* Inc. 4,080 shares of 5Y2% preferred stock
(par $50).
Purpose, payment of bank loans and business
20,000
Co.
shares
•
Talbot.
Co.,
stock
general
$103
•
by
Machine
21,900
Purpose,
etc.
ft
Tea
pieferred
shares of common stock
(no
par).
Purpose, additional working capital.
Price, $12.50
per share.
Offered for subscription to stockholders.
250,000 Bird
rights).
capital,
000),
30,000 shares of common stock
purchase of plant, etc.
Price, $10
Gordon Meeks & Co.
Offered
Co.
-
Air
7,500,000 Jewel
Co.,
Inc.
Purpose,
share.
1
50,000 Home Book Publishers 5,000 shares (par $10) 6 r/o cumula¬
tive
participating preferred stock
(with
common
stock
of
Motors,
par).
and
Lines, Inc. 100,000 shares of common stock
(par $3).
Purpose, increase working capital.
Price, $22
per share.
Placed privately through Courts & Co.
Co.
St
.?.
Castleberry's Food Co. 10,000 shares of common stock
(par $1).
Purpose, working capital, etc.
Price, $8 per
share.
Offered by Johnson, Xane, Space & Co., Inc.
*2,200,000 Delta
Brady ft Co.
300,000 Berry
•i
&
common
purposes.
Co.
the
5,445,000 Beech-Nut
Packing Co.
140,000 shares of common stock
(par $10).
Price, $31.75 per share. Offered by F. Eberstadt &
Co., Inc.;
Eastman, Dillon ft Co.; Hemphill,
Noyes & Co.; Merrill Lynch, Fierce, Fenner
&
Beane;
;
t G- Becker & Co., Inc.; Coffin & Burr, Inc.; Horn¬
blower & Weeks; Otis &
Co.; Paine, Webber, Jackson At
Curtis; Kebbon, McCormick &
Co.; Shields & Co.; E. W.
Clucas & Co.;
Watlijng, Lerchen & Co.; Carl M. Loeb,
Rhoades ft Co.; A. M. Kidder
& Co.; M. A.
Manley ft Co.:
Ncwburger ft Hano; Boenning ft
Co.; Auchincloss, Parker
&
Redpath; Bond ft Goodwin Inc.; Paul H. Davis &
Co.;
Hayaen, Stone & Co.; Johnston, Lemon &
Co.; Pennington,
Coiket & Co.; Riter &
Co.; Sutro & Co.; Brush, SIocumb
&
Co.; Crowell, Weedon '&
Co.; First California Co.;
Lester & Co.; Chas. W.
Scranton & Co.;
Chaplin & Co.;
Robert Garrett ft
Sohs; Kay, Richards & Co.; A. E.
Masten & Co,;
Moore, Leonard & Lynch; Day, Stoddard &
Williams, Inc,.; Mead, Miller .&
Co.; Amott. Baker & Co..
Inc.; George D. B.
Bonbright ft Co.; J. C. Bradford At
Co.; DeHaven ft
Townsend, Crouter & Bodine; Nashville
&
stock
(par $10).
Purpose,
working capital, etc.
Price, $10 per
Johnson, Lane, Space ft Co., Inc.
Pacific
America 60,000 shares of common stock
(par
$1).
Purpose,
retirement of bank
note.
Price,
$4.75 per share.
Offered by Dempsey-Tegeler ft Co., and
285,000 Eearing
.
Woodard-Elwood
stock¬
Thomas
Cohen
preferred
'
ing
Co.;
to
by
Not
t$460,C00 Acme
Price,
D. Sheerin
& Co.; Kiser,
Raffensperger, Hughes & Co.,
Co., Inc.; Gavin L. Payne
and Newton Todd Co., Inc.
'
Co., Inc.,
purchase
&
subscription
general
corporate
Offered by Dickerson &
Corp.;
219,000 Castleberry's Food
'
.
Co.; Stone ft Webster Securities Corp.; Stroud
Inc.; Spencer Trask ft Co.; Tucker, Anthony
Union Securities Corp.; Vietor, Common, Dann
ft
Co.; G. H. Walker & Co.; Watling, -Lerchen & Co.;
Wertheim &
Co.;
Whiting, Weeks ft Stubbs; The Wis¬
Witter
Issues
of
purposes,
Purpose,
Leonard
Co.
Dean
for
corporate
Commonwealth of, 20-year
1967.
Purpose, refunding.
1,
per
shares
Shumaker,. Inc.;
Staats
Co.;
Offered
share.
Share
&
Co.;
consin
.
ft
ft
ft
,
$1).
per
N.
R.
(
;•
share.
Purpose,
147,942
Ayrcs & Co. 10,000 shares of 4Vz% cumulative
stock, ^series
of
1947
(par
$100).
Purpose,
expansion, etc.
Price, $103.50 per share.
Offered by
Collett ft Co., Inc.; City Securities
Corp.; Indianapolis
&
William
Co.;
10c).
Co.
uuo,
$38,000,000
R.)
Inc.;
Company;
Smith,
ner;
;
(L.
Cohn
Rollins ft Sons, Inc.; Rotan, Mosle ft Moreland; Sage,
Rutty ft Co. Inc.; Salomon Bros, & Hutzler; ChaS. W.
Scranton & Co.; Shields & Co.; Singer, Deane & Scrib-
]
$1
Bond
Paine
Webber, Jackson ft Curtis;
Piper,
Jaffray
&
Hopwood; R. W. Pressprich ft Co.;
Putnam
ft
Co.; Quail ft Co.; Rauscher, Pierce & Co.,
Incorporated; Reinholdt ft Gardner; Riter ft Co.; E. H.
j
capital.
Price, 65c
Bennett & Co., Inc.
utu
10-year 3'/4%
stock
preferred
Fenner & Beane; Merrill, Turben
Tully & Co.; Moore, Leonard & Lynch;
Co.; Maynard H. Murch ft Company;
&
(par
Price,
Pierce,
Mitchum,
Co.;
F.
June
MISCELLANEOUS
Mason-Hagan, Inc.; A. E. Masten ft Co.; McDonald & Co.;
Merrill Lynch,
&
9
Inc.
Offered
•)
capital
working
Development
(par
<
of
ur
19,000,000 Australia,
1
stock
Weeks;
I
1
!■
|
j
&
.
shares
"
Carl M. Loeb, Rhoades & Co.; Laurence M. Marks & Co.;
j
,
by Frank W.
Oil
per
,
.
234,000
$100,000 (Doug) Allan Productions, Inc. 100,000 shares of
:
1
Peabody St Co.; Kirkpatrick-Pettis Co.; Kuhn, Loeb &Co.;
Bissell & Meeds; W. C. Langley & Co,; Lazard
ft Co.; Lee Higginson Corp.; Lehman Brothers;
I
share
per
$747,928
& Co., Inc.; Hawley,
Co.; Hemphill, Noyes
Hornblower
Co.
Corp.
Purpose,
stock
$2
holders,
&
Oil
Olfered
Price,
Laird,
Freres
'
i
Co.;
Harriman
Hayden,
Kidder
Shore
capital
W. E. Hutton St Co.;, The Illinois Company; Johnson, Lane,
Space and Co., Inc.; 'Kebbon, McCormick ft Co.; Kidder,
.i
i
Co.;
Shepard & Co.;
<
■
M.
share.
.
$2
ft' Co.,
stock.
common
Price,
and $2.44 for
67,600 shares.
Offered
purchased by Suffolk Co., Ltd. for invest¬
67,600 shares offered by • Blair ft Co., Inc.,
50c).
295,884 South
Julien Collins & Co.; Courts ft Co.; Cruttenden & CO.;
J. M. Dain & Co.; Dillon, Read & Co. Inc.; Dixon .ft
Co.; Dominick ft Dominick; Drexel & Co.; Francis I.
du Pont ft Co.; Equitable Securities Corp.; Fauset, Steele
& Co.; Glore, Forgan & Co.; Goldman, Sachs ft Co.;
Green, Ellis & Anderson; Hallgarten ft Co.; Hallowell,
■
i
(
A.
(par
i.
135,100 shares of
indebtedness.
shares
and
152,100 Reitef-Foster
&
Becker
Co.
of
shares
ment
Kraus; A. G.
& Co, Inp.;
William Blair & Co.; Elyth & Co.,.
Inc.; Eosworth, Sullivan &'Co.; H. P. Boynton & Co.,
Inc.; Alex. Brown & Sons; Butcher & Sherrerd; Clark',
Dodge & Co.; E. W. Clark & Co.; Richard W. Clarke
ft Co.; Coffin ft Burr, Inc.; C. C. Collings & Co., Inc.;
,
payment
67,500
67,500
stockholders.
Unsubscribed
shares
(21,771)
by White, Weld & Co.; Auchincloss, Parker ft
Redpath; Bacon, Whipple & Co.; .Baker, Watts ft Co.;
common
offered
;
Maracaibo
164,944] Purpose,
Purpose,
to
(265)
OIL
'
712,500 Ohio-Apex, Inc. 75,000 shares of common
stock
Price, $9.50 per share. Offered
by Doolittle,
(par
$1).
Scho^Ibopf
'
•Vf
$5).
McDonald & Co.; The Ohio Co.; Reynolds & Co.;
Cruttenden & Co.; A. G. Edwards & Sons;
J. J
B. Hilliard & Son; Schoellkopf, Hutton & Pomeroy,
Inc.; Stein Bros. & Boyce; Watling, Lerchen & Co., and
&
Co.;
&
Adams & Peck;
Waller
stock
Higginson
Corp. 12,566 shares of common
$31 per share. Offered by Lee
Price,
$15).
Corp.
(par
$1),
Sons
&
$34.50
Price,
share.
per
of
shares
6,000
Noyes
Co.
shares of capital
243,557
(Ky.)
stock
the
(Continued from page 2)
underwriters and the
numbers of shares underwritten are as follows:
•
UNDERWRITERS—The
tive
Shares
Shields
C.
A.
&
Blair
Co., Inc
Merle-Smith
&
Dick
&
Parsons & Co
Graham,
Paine, Webber, Jackson &
Curtis
—
•
Pacific
3,700
Calif.,
of
Co.
WacVall
—V.
165,
Stroud & Co., Inc
ooe—
3048.
p.
1,500
Hill & Co
&
•
—_,
900
900
—
*480,516
"1,793,955
388,795
409,807
"257,728
1,068,078
210,243
.
July
rn
.
may receive from the company $25 Per share
mon'stock originally exchanged under the plan.
plan, thev
1
registered with the
been
period
fixed.—V.
164,
The ICC
as
166,
—V.
.
i
sum
Nat4nnal
First
of
«t
Inter*"*
1%
bond
origin"!
t^e
of
165, p.
K.
E.
and
Woolfolk
164,
Vice-Presidents—
equipment.—V.
will
25
vote
the
amount
due.—V.
165, p.
2923.
offices
total
A
Net
—V.
165,
334.
p.
j -
addi¬
Md.
—■
Offers
income
—
•
outstanding
common share
shares
per
164,
P,'
continues
Wa'-h
D.
Cleveland
bo-^n'riTo
to
Assistant
as
W.
i
:
Vice-President
elected
in
director
in
Traffic. Manager and Harry B.
the Purchasing Department, has
Purchasing
Agent
165, p.
1861;
succeeding
V.
Mr.
166, p.
—
•.
$15,478,849
2,642.373
509.357
$5.10
Savannah,
at
said
.
Court
forejecting it."
p-oTTici^n
"
th«
of those
Court "'so
T^e
"Net
♦
held that the
plan conformed
to requirements of the
Bankruptcy Act.—V. 166, p. 51.
GrO«S
$1,246,905
rrrni'"!
cninco-
580.031
for
PrOV.
Amort,
p'-i-t.
0*
6.800.438
105,000
1,285,000
1,249,500
33,300
400.000
341.500
fl, 287,233
251,750
204,986
z.
$262,824
$199,889
'""hi;.
ip—>r«<. and
profits tax
Fed.
46,913
46,913
exces~v
J
The
tion
Int.
Ion"
on
1,228',469
•!
(1,790,700
1,907,100
$3,258,849
$2,696,855
562,960
587,635
704
764
9.169
111,300
Cr570
CY2.780
266
$215. C15
$152,781
$2,689,500
$1,997,654
41.800
41,800
501(606
501.606
$110,981
$2,187,893
$1,496,048
e-d
orem.
Other
CV468
$173,815
'.
.5
deductions
Vet
^;DiVS. on
—(166,
-
p'd.
p.
stock
o_
for the
vides
155..
SEC
for
stated
disct.,
0*
Amort,.
in
$9,098,000
t623,174
necessitated by the decline in the
market.-
value
dollar in the free
company
tion
of
also
report
the
1945
$1,585,529
136,515
129,429
182,000
13,557
721,000
31,154
617,000
$1,070,710
$807,946
43,669
140,700
140,700
$901.8^5
$623^577
562,800
$0.43
562,800
562,800
"SI.85
*$1.35
share
requirements
preferred
on
stock
outstanding.
then
Stores, Inc.—Current Sales Incr. 42.09%—■
1947—5 Wks.—1946
1947—6 Mos.—1946
f
.
B.
of
Colo,
Denver,
Grant,
40,000
filed
shares
Olson,
with
"Fair" and "Feasible" by
reDort on the trustee's plan of reireanNa¬
suggested several amendments, but in the main
finds
1946.
offer
two
issuer.—V.
letter
shares
164,
pronosed plan feasible "in that
it pro¬
and sound cao'talizat'on." It also
accorded ceditors is fa1r and the alloca¬
between the preferred and common stockholders
working capital
"treatment
securities
as
to
lor
three
each
Co.—Earnings—
*"
April 30—
Roy
con¬
notification
of
824.
p.
Commercial Shearing & Stamping
1947
1946
$523,969
$163,068
,
:___j
share
per
director
a
being offered by
a
bonus offering
as
under
issuer
will
Olson
stock,
company,
the
of
from. the
income
elected
2796.
p.
letter of notification with the SEC
the
of
offering
purchased
been
165,
capital
par)
President
1,
Aug.
shares
$4.33
$135
C
'■
165, p. 3282.
Commonwealth
The
output
Corp.—Weekly Output—
electric
of
show
to
week
the
for
compared
as
hour
adjusted
corporation
territory served
Southern
&
kilowatt
weekly
this
of
with
1946, an increase of 7,602,091, or 3.20%.—V.
conditions
amounted
1947,
the
subsidiaries
of
energy
business
general
ended
July 10,
237,539,399 for
Consolidated Cement
week
166, p. 156.
Corp,—Earnings—
1947
504c;
$377,417
$51«.7Rl
92,455
sales
Net
39,795
loss
164,
824.
p.
Consolidated Edison Co. of New York, Inc.—Output—
The
itv
company
(electricity
1947.
for
July 16 announced that Svstem
on
the
output nf Pip*trl"-
week
pnri«d
Julv
week of
amounted
eiectricitv
kwh.
1946,
an
increase
176.800.000
to
of 4.5%,
kwh..
the corresponding week of last
for
Local
dis¬
compared
an
year,
13,
kwh!
to 187,100.000 kwh., compared with 179.000.0no
corresponding
of
and purchased) for
generated
amoun^d
the
with
increase
3.5%.
Mails 1946 Report
The
comnanv
The
$32.93
in
mailed
to
the
homes
of
than
more
that
at
end
the
of
last
year
there
28.207
were
the payroll of the Consoidated Edison System.
The average
has risen frqm
a chart included
Including overtime, of employees
in 1936 to $55.68 ten years later, according to
earnings.
the
its
report of its business in 1946.
a
states
report
to Employees—
27
June
on
28,000 employees
report,
■
(
salaries and persons took the largest portion
dollar, 25.6%. according to «nother'chart,.
Second largest single item was taxes, with local, Federal ahd fetate
taxes consuming 22.2%
of the revenue dollar.
Other itrnns1
the
Operating
of
the
list
of
wages,
company's
expenses
interest,
revenue
are:
fuel.
166, p.
17.3%;
surplus
dividends' s"d
mater'als,
accounted
7.5%:
for
the
while
depreciation,
remainder
156.
of
the
'iff
*
Consolidated Grocers Corp.—-New Appointment—
A.
P.
McCnllough
Manager of
Since
he
Neb),
Prior
has
been
the corporation C.
1933
(Omaha,
pnd
fair."
cf
245.-
to
corresponding
Quarter Ended March 31—
Net
,
the
•
Inc., Denver—Files with SEC—
(25c
the
has
deceased.—V.
advisorv
an
adeauate
that
194G
$1,941,782
147,368
28,165
Lewis,
dollar.—V.
SEC
The
is
fucro
GrOcS
410,853
expressed general approval.
1
Genere' tev**
been
Subsidiary)
1947
taxes
Colorado Placers,
1947—5 Mos.—1946
$9,096,218
SEC—
5,698.811
o«rmi-
p'H'istments
sitJou
459.783
33,300
_
charge has
Canadian
Witter &
$573,014
Thf^Irpaay on Julv 11 filed
for
deductions, but exclusive of surplus ad¬
Reorganization Plan Called
1947—12 Mos.—1946
$1,002,958 $14,822,219 $13,122,235
110,000
Oneratt"'*
,
1047—Month—1946
.
A.
weekly
This
65,000
of
Dean
156.
James
persons on
the
Canadian
*
cf
Provision for Federal taxes on income is believed to be
the report states, because of deduction allowable for tax
purposes.
tRevised.
NOTE—Net earnings for the five-month period ended May 31. 1947,
reflects
an
additional reserve for loss on conversion of Canadian
dollars in the sum of $26,925 in excess of that charged as of Dec. 31,
1946.
preferred.
$15,230,656 $10,718,811 $80,024,905 $58,519,075
unnecessary,
of
Mav 31—
other
and
interest
t77,186
103,980
—
additional. issue
an
cumulative
outstanding™,
165, p. 3164.
justments.
Central Illinois Light Co.—Earnings—
Pe'-io''
$1,842,070
profit
♦After
"that
1947—Month—1946
$1,820,960
End. May 31—
sales
thi3
of
140,700
common
p.
170.700.000
1
{Trustee's1 Report) 1
filed Julv 14 with the clerk of District
satisfied
166,
tribution
Net
and
job
Colorado Milling & Elevator Co.—New Director—
1945
t$71.984
256.931
Co.—Earnings—
'
Period
the plan makes adequate
equitable treatment for the interests and claims
w«s
1946
1832.448
256 931
Nil
$0.13
.$0.28
tProfit.—V. 165, p. 3391.^^^
,
and,Federal taxes.
charges
Childs
Ga.
July 12. and
The or-'B-
Court,
1°47
-
outstanding—
share
,
r
.
Scarlett
M.
"After
the
of
planning
research,
manufacturing
$102,946
shares
Colonial
Promoted—
Franklin.
plan of the companv has been confirmed and all
objection*- overrn1^ in an order signed by U. S. District Judge Frank
A
V.
—V.
$158,911
256,931
March 31—
shares
per
the SEC
—
Co., Inc. (& Subs.)—Earnings—
loss
Earnings
155.
Centra! of Georgia Ry.—Plan Confirmed—
(
"
E,
Ouarter Ended
•Net
Capital
of
a
$243,643
income
dividend
141.490
Chicago Yellow Cab
formerly Assistant Secretary, has been appointed
President.—V.
the
been
Franklin has been named
General
AsCo+ant
ctoner-d
been
Richard H. Thompson
has
1925.
f-s:nrn
charge of production.
James
of purchases and traffic.
in
1947
Lawall. 56. formerly Fngineer of Coal Properties,
has
been
apnointed Assistant Vice-President—Coal Traffic and De¬
velopment, effective July 1, to succeed Ira F. Davis who retired after
27 years' service.—V. 166, P.
155.
-1
in research and production
has h«en engaged
A. T—4ne.
Fergus
work
,
conclusion
successful
kind
dividends
"After
—V.
in Personnel;—
issued
be
Electric Co.—Files with SEC—
with
series A 4%
State
Surplus
in
Charles
the
precede
dividends
Earnings
i
3410.
p.
Chesapeake & Ohio Ry.—Official
Dr.
to
1
has filed
6 Months Ended
d'v
i
——
„
to
the
must
Profit
Common
*
,.,'•
;
"
Celotex Corp—Changes
Net
sale of
the
MONTHS ENDED MAY 31,
sales
Net
bonds, series A, due Sent,
4%
f'rst mortgage
of $105,000
b»"e be*n o->Hed far redemption on Sept. 1, 1947, at 106%,
out of mine's in
thP sinking fund.
Payment will be mode at the
office of Loiii«"!Mn & Nashville RR. Co., 71 Broadway, New York, N. Y.
1965,
1,
155,
p.
par),
&
Common
Seaside Hotel in Atlantic
•
FOR THE ELEVEN
EARNINGS
Ry.—Partial Redemption
filed on
$30,000,000,
was
from
shares
deductions
Preferred
at 100 St. Paul St., Baltimore,
,
.
.
Chas^ fQandy Co.^-Eamings—
—V.
Carolina, Clinchfield & Ohio
made
(Excluding
Godfrey
Baltimore,
Corp.,
which has
corporation,
Common
stock
new
held.-
Quarter Ended May 31—
incl.
other income
Depreciation
Net
.
incorporation
of
two
Profit
—V.
!
»
and for purchase of
plant additions
164, p. 952.
of
Holders
Certificate
;
held.—•
preferred stock and to reimburse its treasury for
expenditures. Stock will be offered at $26 per share.—V. 166,
Hotel—
Earnings
c.
($25
succeed
approving
on
N. J.
for
166,
current
This
common
now
Collins & Aikman Corp. (& Sub.)— Earningfr-
elected Vice-Presidents.
have been
Hays
July
on
construction
financing
^
Present
share
each
amount
This
common.
issued.
156.
2013.
p.
stockholders
tional
be
for
common
$2.50,
describes
which
Period End. June 28—
earlier this month offered for sale the
,'
,
B-29's
also
company
capital
3276.
City,
$1,000.
The
snares
bs used for the purchase
of 1,250 50-ton box cars at an
Bids for the purchase of the certificates
opened July 22.—V.
Thn
new
to
certificate
authorized
par
Coast Counties Gas &
cost of $5,012,487.
Md.,
of
sort.—v.
Earnings per
the original face
value
of Pa.
Co.
.
"
.
Any bondholder, mnv obtain-his proportionate share of the deposited
interest and principal monevs on or after July 15, 1947, by forwarding
his bonds to F'tsi National Bank of Boston, trustee, 45 Milk Street,
Boston.
or to the trustee's branch office in Havana. Cuba.
This
interest and pr'ncinal payment will be noted by the trustee on the
bonds ard the bonds returned to the presentor together with a check
$31.42 on each bond of
A pr'rHnal payment of
(2)
guarantors,
$1,250,000 of notes to Penn Mutual Life Insurance Co.
The purpose
of
the borrowing
is to provide company with additional funds for
$152.50);
totaling
principal payments
by
of first mortgage
of all outstanding bonds, or $8.48 op
value of $1,000 (subsequently reduced
face
the
book
preparation
Mason
1946 to June 30. 1947,
from July 1,
annum
r>er
the unoa'd nr'ncincl balance
each
—V.
Cuba, branch of The
Boston, as trustee for the bondholders, the
currency representing—
$127,979.25 U. S.
of
(1)
: on
•
Bank
The
company
Central Republic Co.—New
denos'ted with the Havana,
bRs
company
which
war.
general
Co. of New Jersey,
Century Electric Co.—Plans Financing—
in a notice to the holders
stated in substance:
July 3
on
The
Cuba—Payment on Ac¬
President,
W. E. Borden.
bonds,
the
the
$37,500,000,
Sales™
Principal and Interest—
of
total
common
.
of the
of new
share
share
the company and Walter P. Gardner,
property of the Central Railroad
the
certificates of 1947, series, A, to be issued by the
Co. of New York, as trustee, and sold at 99.52 and
dividends in connection with the acquisition of certain new
B.
each
one
corporation has prepared a
133-page book entitled
"Great
and Great Planes," by Wesley W. Stout,
former editor of
Saturday Evening Post, which deals with some of the contribu¬
Federal
and the trustee for Central RR. cf New Jersey have
asked the ICC for authority to Issue $3,750,000 of series B equipment
trust certificates.
Proceeds from the certificates, together with other
C.
Caribbean1 Snsrar Co., Havana,
I
209,928
1,017,973
155.
p.
count of
June 27 authorized
on
equipment.-
$5,267,000
—-
to
increasing
to
tions
equipment-trust
Trust
will be
plan,
».
amendment
The
Guaranty
The
the
new
..
,
modified
exchanged, for
shares
12
of
one
plan
"the
Engines
p.
obligation and liability, jointly and severally, as
respect of not exceeding $1,605,000 of Central Railroad
in
1946
$5,866,000
(estimated)
.-
.
1947—5 Mos.—1946
$7,390,405
3,197,624
$242,478
3,216,311 *
242,473
2,198,338
332,550
42,099
191,820
of
trustee
Canadian Pacific Ry.—Earnings—
Earnings
•
assume
estimated
1947
.
income-
funds, will
Week Ended Jul1" 7—
income
income
to
and
58%
receive
be
52.
11,
Other
678.
p.
•
Equipment Trust Certificates—
resolution will be
the options under the
the exercise of
for
"
1947—Month—1946
$1,507,151
—
654,818
$48,609
658,462
48,609
466,642
6,510
revenue
oper.
Deducts, from gross inc.
Net
would
said,
h°" +ifn 5% first
^ran^sc0, will be underwriter. Proceeds will be used to re¬
tire
the
of $14,140,6*87 for the
Central RR. of Pennsylvania—Earnings—
Period End. May 31—
accrued
the common stock to be reissued
Securities and Exchange Commission, the
states that as soon as
The companv
has
•
for the com¬
'
-
Operating
Gross
the
approved
have
report
The
Circuit Court of
S.
.
ry.
stock
Issues Illustrated 133-Page Book—
U.
■
Net
be
trustee's
the
stock
will
would
$5,
,
2
of
stock
exchange for each $5 par share
Appeals at Philadelphia has ruled that
the Chancery Court of New Jersey
ii the only proper tribunal to
decide whether the company has been relieved of payment of interest
and penalties on property tax delinquencies.
The decision is considered
an
important victory for the State of
New
Jersey in its 15-year court fight to recover both interest and"
penalties from Central and other railroads delinquent in payment of
property
taxes.
The Circuit Court's decision in effect take's the
matter out of the hands of the Federal bankruptcy court and places
it under the jurisdiction of the Stale courts.
The State of New Jersey has sought to compel the Central to pay
Ga.—To Rescind Recapi¬
voted favorably upon a resolution
rescinding the recapitalization plan adopted
April 11, 1945, which
provided for the.exchange of common for preferred stock. It was pro¬
posed that preferred stock received by stockholders in this exchange
he returned. /*nv preferred stockholder whose shares have already been
called or redeemed will return to the company the $35 per share re¬
ceived.
For each share of preferred so returned and for each $35 re¬
ceived in
the redemption of the preferred stock, the company will
reissue to stockholders one share of common received by the company
7 in exchange for the preferred under the original
recapitalization plan.
;• The
common stock so reissued will .be
entitled to dividends after the
date of reissuance.
In case shareholders do not wish to use the above
stockholders
The
2,069,998
Court Decision-
talization Plan—
•
An
♦Deficit.-
$13,000,000 on property tax delinquencies
years 1932-39, inclusive.—V. 166, p. 155,
La Orange,
Mius,
and
terms
preferred
July
"$798,602 "$1,325,806 "$2,845,486
♦$59,526
income
all
of
offerings.
Chrysler Corp.—Split-Up Effective—
775,488
inc.
gross
fair
the
166, p.
1,270,541
150,717
over
Cauaway
V.
♦178,172
income—
two-thirds
respects," the SEC
equitable and feasible."
preferred
common
1947—Month—1946
1947—5 Mos.~1946
$3,100,102 $3,530,621 $14,958,087 $19,137,060
revenue—_
from
The
Bosworth, Sullivan & Co.— 1,500
Julien Collins & Co
1,500
First California Co., Inc.— 1,500
Newhard, Cook & Co._:
1,500
2,500
Reynolds & Co
2,500
2,000
Boettcher and Company— 1,500
4 500
„
5% %
par
Shares
.
.8,000
4,500
4,500
; 4,500
4,500
Company..,,
Alyn & Co., Inc
Deduct,
Net
William R. Staats Co.:
Peters, Writer & Chrlstensen,
Inez
8,000
Corp.
Boston
oper.
income
No. of
No. of
The First
oper.
ry.
Gross
be
holders
respec¬
of the
names
Gross
least
these
Under
of
Net
at
in
tlndicates special
privately,
placed
of
present
Central RR. of New Jersey—Earnings—
Period End. May 31—
Brothers.
Lehman
amended
would
share, declared on June 12,
record July 16. An initial
payment of like amount was made on May 9, 1947.—V. 165, p. 3276.
Nevada, principally in the same territory in California
•■served by the company north of San Bernardino. The United Farmers'
Telephone & Telegraph Co., an indirect subsidiary, supplies telephone
and telegraph service in and around Gardnervllle and Minden, Nev.,
'in a part of the resort area on the Nevada shore of Lake Tahoe, and
in and round Marfcleeville,
Alpine County, Calif.
-
$22.09
$23.71
share—
per
quarterly distribution of 25 cents per
payable on July 23 to stockholders of
and
-fornia
assets
holders
"If
A
is
of common
Offered by
waiver."
June 30,'47 Dec. 31,'46
of—
Net
Investment Mews
and
♦Indicates issues
Brothers.
As
shares
share.
Co. 25,000
$19per
Pierce,
Lynch,
$55,128,199
Central National Corp.—Net Asset Value-
and
f
Offered by Lehman
$28,125 per share.
Price,
"J
\
<
Fenner & Beane.
1,711,125 Visking Corp. 52,650 shares of common stock (par $5).
Price, $32% per share.
Offered by A. G. Becker & Co.,
Inc.,
OH
(par $10).
General Corporation
(par
Merrill
Shields
by
Offered
Associated Oil
$10).
Price,
t481,250 Tidewater
stock
common
Co.
6,850,041 Standard
100,000 shares of common stock (par
975,000 St. Regis Paper Co.
by Hemphill,
Offered
stock
Squibb
R.)
(par
&
Gas
Natural
389,546 Oklahoma
share.
per
Co.
1207,000 (E.
Co.
&
Hardy
C.
.75
Price,
'.i
Monday, July 21, 1947
THE COMMERCIAL & FINANCIAL CHRONICLE
(266)
10
h'l'
has
of
with
one
to that
standing wholesale
appointed
Vice-President
and
'General
D. Kenny Division.
associated with Paxton & G°llaghev O.
the leading wholesale grocers of th° MidweV
been
Haas Bros.,
grocers of
of San
Francisco,
one
the "West Coast.—V. 166
that provis'on shou'd be made
that stockholders be required to approve bv a two-third Uote the crea¬
tion of any new
debt,
"other than debt incurred in the ordinary
course of business."
The report also suggested that the plan provide
that the pre-emptive right of holders of both preferred and common
to subscribe to add't'onal issues of securities of the new corporation"
should
not be
subject to waiver by a percentage vote of stock¬
holders."
nounced
p.
of the out¬
156
benture Interest Reduced—
However,
"At
the
most."
instances
SEC
the
where
report
report
the
suggested
elded,
securities
"the
are
to
waiver should be confined to
be offered publicly and where
Consolidated T^le^raph & Electrical Subway Co*
-De-
agreement with the seven holders of its $15 000.000 nr'pamount ?0-year 3s/4% debentures, due I960, the company an¬
on Julv
in that the inter^t rate op these debentures has
been
reduced to 2%%, effe-tive Julv 1, 1947.
The debentures are
callable
at 104y2
and a 27/8%
coupon rate at
this call
price
is
Through
cipal
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4613
Volume 166
equivalent to a 2.45%
yield basis.
The Bankers Trust Co., New
York, N. Y., is trustee under the indenture.
Six insurance companies and Consolidated Edison Co. of New York,
entire amount of the company's $15,000,000
1186.
Inc., hold the
—V.
165,
p.
debentures.
FOR
EARNINGS
Sales
THE
—
SIX
MAY
—T-i-
giving effect to
charging $1,782,827
costs.—V.
in
carry-back tax credit of $1,708,206 and
for experimental and development project
Co.—Earnings—
$6,504,406
depreciation-
of
Amort.
sition
—V.
165,
Int.
of
debt.
debt
income
Net
Divs.
American
Electric
The
dated July 22,
be
cumulative
stock, of $15
share
one
of
preferred
the Delaware
of
for
stock
four shares of common
stock.—V. 166, p. 157.
of
A,
series
each
stock
3,462,826
4,111,753
37,355
448,259
3,068,731
2,459
Cr47,687
90,609
$1,100,709 $14,814,711
$9,839,168
2,785,070
205,420
205,420
2,465,194
Net
of
as
Jan.
The
1945.
1,
capitalization
approved
-V.
165,
$1,134,994
-
$895,288 $12,349,517
$7,054,098
3392.
p.
Consumers Utilities Co., Harrisburg, Va-—Calls Bonds
debt
50-year bonds
has called
for redemption
1, next, all of the
$165,000 outstanding first mortgage bonds due 1953 at 100 and interest.
Payment will be made at the Colonial Trust Co., trustee, New York,
company
Total
Aug.
on
Com.
stk.
Total
Y.
N.
The
Container Corp. of America—Acquisition—
It
announced
was
control
of O.
holders.
and
B.
Co,
this
that
11
July
on
Andrews
through
corporation
has
acquired
the stock¬
The latter company
paperboard
located
in
has been engaged in the container, carton
for almost half a century and has plants
business
and Johnson City, Tenn. and in
largest manufacturing operations
are located
in Chattanooga.
George W. Boh of Chattanooga is Presi¬
dent and O. B. Andrews, Jr., is a Vice-President.
J. V. Spachner,
Vice-President of Container Corp. of America, was elected Chairman
Atlanta,
the
of
The
board
Andrews
Knoxville
Chattanooga,
Ga.
and
will
Co.—V.
and
office
main
from Chicago
supervise
165,
operations
the
of O.
B.
payment of less
would
have
amount
been
stated
a
public
holder
Quarter Ended April 30—
•Net
•After
charges
and
effect
giving
1946
$667,573
$621,430
"
tax
Federal
to
refund.—V.
164,
Six Months Ended June 30—
Gross
1947
sales
—V.
Co.,
801
165,
would
$3,736,491
and
holds
Pacific
bonds
numbered
and
of
income
•On
1947
1946
$739,214
59,317
57,241
$0.58
—
—
$0.56
share
common
93,000
shares.—V.
common
160,
all
receive
The
and
each
$1,000
eral
The
by
Manufacturing, Inc., Wichita, Kan.—New Ints.
purchase of
Allan
substantial block of this company's common stock
a
P.
Kirby, Robert R. Young and Robert McKinney was an¬
July 16 by C. J. Davis, President, at the annual meeting of
nounced
stockholders.-
this
sents
a
block
stock
of
by this group for investment .repre¬
acquired
one-third interest
in Davis
and
C.
J.
Davis
Dayton,
\
..
O.,
also
announced
Chairman
as
President of
the
of
the
the
election
Board
-
Nelson
of
Talbott
Mr.
is
Talbott
Corp., Vice-President of the Maxon Construc¬
tion Co., director of the Mead Corp., all of Dalton, O., and a director
Transcontinental
of
another
& Western Airlines, Inc.
Mr. Talbott represents
approximately one-third of the Davis Company's
owned by himself and his family.
block
of
stock
common
reported that approximately 50,000 square feet of addi¬
manufacturing space was added to the plant during the last
year.—V. 164, P. 825.
Davis
Mr.
tional
1,
dated
All
the
outstanding shares of 7% preferred stock, par $100,
redemption on Aug. 1, next, at $110 per share
accrued
and unpaid dividends amounting
to $79.75 per share.
157, p. 863.
of
have
been
and
—V.
2,705
called
for
The
company,
towns
of
John
to
(Mass.) Water Co.—To Sell Bonds Privately
3%
bonds
series
works
water
a
and
Dedham
due
Life
1972
at
rendering
company
Westwood,
Mutual
Hancock
plus
100
service
proposes to
Co. $150,000
Mass.,
Insurance
interest
and
issue
first
to
issue
principal
N.
amount
Bonds
162.88
from
Its
April 30, 1947 to Dec. 31, 1948.
stock are to be used by
The proceeds from the sale of
Dedham to discharge an open
Community Water Service Co. in the amount
capital
indebtedness to
account
of
$100,000
and
note
indebtedness
and
open
account
indebtedness
the
Total
the
than
dated
by
Hancock
the
Dec.
Calumet
&
Mineral
1890,
1,
Range,
and
the
RR.
the
5%
1,
1901, are found to have no value
made for their participation in the
plan.—V. 166,
bonds
Mineral
Mineral
and
no
4%
Quarters Ended April 30Nejt profit after charges and taxes'Earnings per share
| rr-V.. 165,, p. 158'8.
^
An
to
offer
Chicago
is
the offer
of
purchase
being
—V.
166,
1946
1945
$117,709
$80,491
249.329
248,302
.
$0.26
$0.47
$0.32
by
company
disclosed.—V.
not
Goss
officials,
114,
Printing Press Co.
it
said.
was
84.
p.
FOR
THE
MONTH
OF
I£AY,
$27,239
10,902
The
SEC
The
the
qnd
has
company's
announced
series
I,
000,000
bonds;
due
that
a
refinancing proposals.
sell, competitively
1982.
hearing
The
will
Proceeds will be used
to
redeem
outstanding 4%
series F general and
to pay off $12,000,000 of bank loans and
tion.—V.
166,
p.
52.
be
company
$60,000,000 general refunding
..
.
July 29—
held
July
proposes
to
29 on
Issue
proved
Seven
to
other
this
to
Chemical
Bank
8c
$311,570.
be
Bank
8c
Trust Co.
The
bids
Trust
received
were
at
Co.,
Paterson,
of
received
identical, each offering
bids
note,
69,528 shares of
'
•
Kimberly
sharp,
distributor
•
the
of
from
interest
an
the
sale.
The
the
capitalization
5%
the
of
company
cumulative preferred stock
now
(par $20),
stock.
outstanding collateral
Toronto, Montreal, Halifax
corporation
of
that
lVa%
Chase
it
reported
had
between
credit
under
The
and
net
the
cn
notes
credit
a
Eastern
National.
to.
outstanding
revolving
issued
were
executed
has
a
agreement
of
group
proceeds
of
27
the
purchase of six Lockheed Constellation L-649
The
30
and
this
Exchange
July
on
beneficial
11
interest
declared
as
an
dated
Dec.
banks
headed
$5,000,000
dividend
a
on
the
are
loan
by
for
The
Period End. May 31
Operating
revenues
(&
1947—Month—1946
$1,046,220
704,317
39,090
617,312
49,095
inc.
181,953
160,205
taxes)
income
(net)
46,694
Retirement
Gross
Interest
res.
accruals
of
$1.25
account
preferred
per
of
on
accumula¬
a
then
160,000
540,571
$2,610,915
452,232
1945
*$558,659
$1,012,594
398,806
398,806
398,803
$285,661
for
$1.40
•
reconversion
$2.54
provided
in
prior
Stock of record
entitled to vote.
at
the
close
of
on
a
five-
a
'special
business
the
'35,035
398,125
2,654
15,447
24,098
$149,512
$1,619,286
$1,749,166
77,652
$1,671,514
24,771
the
on
new
shares.
The
pres¬
.
Lazarus
Jr.
has
166,
p.
been
Stores, Inc.—New Official—
named
Assistant
Secretary,
effective
157.
'
First Boston Corporation—Dividend of $1—
directors
77,652
22,370
dividend
on July 10 declared a
dividend of $1 per share on the
and the class A capital stock, par $10 per share, payable
July 30 to holders of record July 18. This compares with $3 per share
paid on both classes of stock on Jan. 30, last.
428,365
2,895
stock
will
Cooley Co., Inc., owns 50% of Fafnir's capital stock.—V. 154,
(The)
741,600
30,493
100%
shares
capital stock
$2,201,629
The
capital stock received $3 per share
on July 18,
1946.
on
corporation
dividend
4
$1,646,743
$1,646,743
30, 1946, and $2.50
Jan.
share
per
The
the
six
months
on
outstanding
of
July
3 Va %
1,
1947 paid
cumulative
1947.—V.'165,
p.
a
preferred
of $1.75
stock
per
for
the
337.
share
first
*
Florida East Coast Ry.—du Pont Estate to
Fight Merger
'
Trustees
of
of
the
policy
July
9
Alfred
their
I. .du
Pont
ordered
estate
reiterated
in
a
statement
determination
consolidation of the company with
to resist to the fullest extent
Atlantic Coast Line RR., as recently
by the ICC.
ASSOCIATES-
income.
286,587
228,495
$1,805,851
$1,875,238
Florida East Coast Interest Plea Heard—
Federal
Louie Strum has taken under advisement a plea of
refunding bond holders of the company for payment of
but said he would protect them on certain funds
•spent by the company for improvements.
After giving
the ruling,
Judge Strum recessed until further notice the hearings which started
July 13.
first
Expenses, taxes and interest.
170,056
156,993
$1,635,795
3165.
194G
$1,020,347
thereby be increased to 800,000 shares.
To
$4,000,000 will be transferred from surplus, thus
capitalization to $8,000,000.
4
, .» .
i < • vi n;
h »11 •
Simon
332,313
734,616
a
shares
new
immediately.—V.
$2,943,229
$1,541,634
p.
r
-1
•
1947
Federated Department
1,889,741
$1,519,264
165,
'
540.
P.
611,160
1,980,702
$2,032,858
Balance
-V.
■
on July
10 voted to split the capital stock
Stockholders will 'vote* on' the ptop6sal at
voted
the
Hart &
1947—12 Mos.—1946
61,800
Applicable to minority interest
Balance
.
$2.55
of
July 30.
day will be
ent
$13,419,587 $12,169,663
8,583,073
7,057,846
$172,091
Non-subsidiary
-T
•
the board voted first to split the present $25 par shares
2%-for-1 basis, thereby reducing the par value to $10 a share,
cover
$187,202
deducts—
UTILITIES
.1*
share
reserves
on
and
payment
60.308
amortization
EASTERN
'
Actually,
$205,484
income
&
an¬
Ever-
exclusive
165, p. 3283.
basis.
previous
$2,315,242
(incl.
per
meeting
Subs.)—Earnings—
$1,144,458
Operation
:
Maintenance
Taxes
'
outstanding
directors
for-one
raising
Eastern Utilities Associates
with
latter
Fafnir Bearing
Co., New Britain, Conn.—Plans to
Split Shares 5-for-l and Pay 100% Stock Dividend—
1946,
31,
airplay,—,V.,^6.5,,p. 206.'
instalment
contract
the
year,
2,
Sugar Associates—Resumes Dividend—
directors
of
manufacturers,
a
Corp.—Earnings—
-
shares
years.—V.
$5,000,1949.
The
pen
into
appointing
its
profit
♦Includes
Jan.
Calif.,
entered
6 Months Ended May 31—
Net
Capital
Securities
June
maturing
has
products
including
the
famous
little
Kimberly
Eversharp, it was1'stated, will have " control of mer¬
advertising 'arid sales-' of all KiiriberljT products;—V. 165,
Ex-Cell-O
Earnings
000
of
Angeles,
it
immediately,
2797;
p.
Vancouver, Canada.
or
Los
that
•
trust
Eastern Air Lines, Inc.—Bank Loans—
notes
26
effective
pen.
chandising,
5% five-year notes due Feb.
15, 1949, have been called for redemption on Aug.
15, next, at 102 »/2
and interest.
Payment will be made at the Royal Bank of Canada in
The
Corp.,
June
on
Inc.,
■
•
__
All
mortgage bonds,
at 105 the $30,refunding mortgage
finance construc¬
to
for
Marketing Deal Closed—
nounced
terms
$1,519,264
Detroit Edison Co.—SEC to Hear Proposals
between
National
paper
of Eversharp-Schick Injector razors. and blades.
In
1946, Eversharp, Inc. diversified its business and acquired the
Magazine Repeating Razor Co. which became the razor division of the
of
156.
p.
Equipment—
split
Paterson
sales
deducting the dividend Just
p. 2412.
share.—V. 165,
facture
is
1947
taxes-—
15
after
1947,
added to the working capital of the
requirements for which are being enlarged by the company's
growing razor division, Mr. Straus said.
To meet increasing
consumer
demand, the company recently leased a new plant at Middletown, Ohio, with production facilities devoted
exclusively to the manu¬
Eagle Lake Lumber & PuItfCoi, Ltd. (Canada)-Myalls
Notes—
Pfd. div. deductions: B. V. G. & E. Co
income—
after
per
rapidly
5%
provision
of
on"
|
1,
to $5
institutions
Pockette
Balance
Inc^—Earnings—
Sept.
July
1.93%.
addition
The
this
studied by Duplex
were
Miscellaneous
EARNINGS
operating
Net 'profit
1947
at
as
company,
bonds
$2,767,474
275.358
record
918,746 shares of common
Proceeds of the loan will be
chase Offer Studied—
Non-oper.
$70,493
—
Delta Air Lines,
Net
—
dividend of 50 cents per share
$3 convertible preferred stock,
Aug. 8.
A similar payment was
with 75 cents on March 1, 1947, and
a
the
on
of
1, last, compared
during 1946.
and First
two
of
The
;;
sinking fund
company.
Dejay Stores, Inc. (& Subs.)—Earnngis-
| jqjaRltal shares outstanding
Magnolia, Mass., an
States Senator,
has
.
Incorporated,
166, p. 53.
Y.—V.
declared
16
holders
quarter
consists
157.
p.
to
and
dated
Range
Range
July
on
accumulations
conditional
In
762.19
(1) holders of the debtor's preferred
capital stock of the Mineral Range, (2)
to
Greenwich in the total amount of $283,000.—V. 151, p, 3557.
.
Eversharp, Inc.—Private Financing—Martin L. Straus
II, Chairman, announced July 18 that the company had
borrowed from the Metropolitan Life Insurance Co.
$3,000,000, the indebtedness being evidenced by its 3V2%
promissory note, maturing July 1, 1962.
The borrowing
,was arranged for the company by Lehman Brothers.
$725.45
$555.48
tions, payable Aug. 20 to holders of record July 25. A similar
was
made cn Sept. 5, 1944; none since.—V.
166, p. 157.
capital stock (par $100) to Greenwich Water System,
for-oash in the amount of $383,000.
The proceeds from the
its bonds, together with other treasury cash, are to be used
by Dedham to carry out a construction program, which the company
estimates
will
require the expenditure of $154,800, for the period
United
276.
sale paper was designed by the road to finance
approxi¬
mately 80% of the purchase price of five Diesel switching locomotives.—
V. 166, p. 157.
of
the
and
Stock
$600,000
share
of
p.
conditional
3,830 shares of
sale
and
C„
D.
former
holder
as
approximately
the
Inc.,
"Vfrashington,
of
164,
company
J.,
cost
Common
sell
sell
compared
as
165, p. 2276.
and
l
arrears
York,
these
cash:
and
in
and
1947, amounted to $661,619,
1946.—V.
Erie RR.—Finances
New
Canadian Pacific, as
the debtor and sub¬
and
mortgage
of
credits.
outstanding.
30,
St., New York, N.
of
June
on
The
of
bonds,
assumed
bonds
Eastern
Dedham
total
against the debtor, other than the debtor's 6%, the
and (3) holders of claims against the Min¬
4%
1891,
Jan.
equities
or
Range other
Commission
Ltd.—Calls Stk.
De Havilland Aircraft Co. of Canada,
value,
par
a
t
Talbott- of
S.
Directors.
of
of no
receive
Canadian Pacific
43.83
company's work¬
the
increases
ing capital.
$66,492
953,051
exclusive of amount recoverable by
assets,
Connecticut
Wall
Sept.
each
Duplex Printing Press Co., Battle Creek, Mich.—Pur¬
Kirby is President of Alleghany Corp., Mr. Young is Chairman
Chesapeake & Ohio Ry. and of Alleghany Corp. and Mr. Mc¬
Kinney is an investor and rancher of Tucumcari, N. M.
It is under¬
profits
excess
director.—V.
declared, will amount
to
$125.45
•
stocks
the
4%
the
stood
5s
claims
of
and
.
Mr.
of
is
Nov.
on
directors
The
bonds
all
the
and
securities
new
Pacific
common
and
Jan.
Davis
in
other
for
interests
holders
5%
2541.
p.
made
deduction
Mineral
following amounts of
Canadian
5978,123
•Earnings per
be
would
592
Cash
Net
would
5s
in cash.
The
obligations of
secured
LCanadian
except
Public holders of
Quarter Ended March 31—
loan
a
account
share.
per
debtor's
$401,309
remaining
stock
common
$50
the
for such
but
1st Mtge.
Crystal Tissue Co.—Earnings—
23
payable
such
for
2663.
p.
$58,873
(The) Equity Corp.—50-Cent Accumulated Dividend
bonds of the debtor and subsidiary debtor
Range bonds numbered 592 to 599,
inclusive,
would receive for each $1,000 held $9 in cash and $250 in new bondsJ
1946
$5,494,429
-
5s
LHolders
(The) Cory Corp.—Record Semi-Annual Sales—
unused
current
Bingham,
elected
The
on
preceding year, the
accumulate and become
interest would
Public holders of the debtor's 5s
of
1,019,543
were $4,815,858,
and current liabilities amounted to
net working
capital was $4,519,499.
Cash totaled $2,inventories, less reserves, were $1,717,772,
No
funded
$733,017
agent,
of Mineral
Range
599, inclusive.
Holders
of the latter bonds would receive $250 principal amount of new bonds
and $9 in cash]
would receive $3,078,600 in bonds, $828,597 in cash
and $10,500,000 in stock.
3141.
p.
bonds
debtor
Railroad
1947
loss
the
of
sidiary
Subsidiaries)
Wholly-Owned
in
interest
In
of
of
which
as
The
value
holders
interest
the
payable
deliciency
subsequently.
with
but
all of
than
such
of
payable
The
Corp.—Earnings—
(Including
$15,500,000
—-
160,257
*101,384
etc.,
There have been called for redemption on
Sept. 1, 1947, out of
moneys in the sinking fund, $135,000 of first
mortgage 3V4% bonds,
series A, due March 1, 1970, at 105 and interest.
Payment will be
made at the office of J. p.
Morgan & Co
sh.)—10,500,000
a
i
1946
$1,113,876
first
$1,919,400
Continental Motors
$50
America—Earnings—
Elgin, Joliet & Eastern Ry.—Partial Redemption—
25,000
mortgage bonds would bear contingent Interest.
Interest
accumulate
only under the following conditions and to the
following extent, i.e., if under the provisions of the plan defining
available
net
income,
there
should
be
deducted,
in arriving at
available net income for the preceding year an amount for the ex¬
tinguishment of any deficit or deficits in available net income for
any
prior year or years, and if such deduction should result in the
2411.
p.
at
stated
par
com¬
$200,000
would
cash offer made to
a
(no
1947
bank
or
been
$5,000,000
capitalization
any
157.
p,
Electro), Inc.—New Director—
Requirements
—
debt
The
and
Hiram
'
The
and
ex-Governor, of
$5,000,000
—
of
1947
Unfilled orders at May 31,
with
and
Amount
First mtge. 4%
Sinking fund
166,
May 31—
carrybacks,
658,147,
Annual
—
periods.—V.
inputs
credit—,
May 31,
$296,359.
follows:
as
are
system
loss
On
,
(
tax
computed
9.1
the
Pet.
•Adjustment for estimated refund in connection with
carry-back
of report of the ICC follows:
Under the plan approved, the new capitalization would be $15,500,000.
The
present
capitalization
is
$46,650,755,
exclusive of $29,559,157
accrued and unpaid interest on funded debt.
The present capitaliza¬
tion
of
the
subsidiary, Mineral Range RR., is $3,601,756, exclusive
of
$1,576,763 accrued and unpaid interest on funded debt.
Claims
are
both
depreciation, interest,
tax
operating losses
snare
A summary
charges
7.9
5,018
__
-
Balance
after
Federal
of
snare
present
-
15,047
55,259
Include
not
in
Amount
189,931
60,277
company,
present
each
lor
appearing
follows
as
$1,567,113
Loss
par
no
not
do
were
1946
204,978
Light Co
Light Corp
figures
6 Months Ended
Duluth, South Shore & Atlantic Ry.—Reorganization—
289,500
above
&
&
1946
-
•
Sales
value, of the Mich¬
par
stock,
value,
par
stock;
common
no
preferred
Power
Power
during
1947
Elastic Stop Nut Corp. of
1947, be¬
6,211,512
$1,430,024 $18,678,110 $17,110,261
$1,340,414
stock
pfd.
on
into
common
follows:
of
37,355
Cr7,946
deductions
Other
and
as
287,516
exp,
to
merger,
Light Co.
corresponding week
kilowatt-hours):
Operating Subsidiaries of—
1947—6 Mos.—1946
'
1947 the System inputs of client oper¬
Inc., which are subsidiaries of
and Electric Power & Light Corp., as
&
of
11
Services
the
thousands
panies
value, and common stock, of
company
preferred
disct.,
and
with
(Jn
Inc.—Weekly Input—
July 10,
Ebasco
of
Power
compared
(Mich.)—Proposed Merger, etc.—
of
ended
American
$38,553,306 $38,845,000 $54,534,370 $58,735,910
agreement
week
There
company
of no par
igan
1,820,383
8,701,535
$1,657,339
long-term
on
premium
A,
3,291,784
935,568
tax
Amort,
1947—3 Mos.—1946
the
companies
shares
and The Dow Chemical Co. (Delaware), to be
considered by stockholders at a special meeting to be held on July 22,
1947, provides for the conversion of cumulative preferred stock, series
137,622
8,762
1,102,093
excess
income
Gross
6,700,250
this
3,670,223
25,000
<For
ating
2275.
p.
proposed
value,
"
and
income
profits
7,263,291
plan
General taxes—
Fed.
587,792
629,750
acquiadjustments-
•
1947—12 Mos.—1946
$5,556,773 $74,855,176 $61,935,165
2,594,627
36,404,394
26,800,976
3,090,224
expenses
for
May 31—
—
tween
1947—Month—1946
revenue
Prov.
July 31 on the proposal to Increase the
capital stock from 250,000 shares to 500,000
Dow Chemical Co.
Period End. May 31—
Ebasco Services
vote
to provide for the payment of a 100%
stock dividend.
present outstanding 200,395 shares, which includes 6,551
the treasury.—V. 166, p. 157.
Period End.
The
Oper.
will
value
par
Douglas Aircraft Co., Inc.—Has Large Sales—
a
Consumers Power
Gross
$10
Sales
p. .2410.
165,
at
held
$14,091,440
769,827
—
stockholders
shares
1947
31,
——
—
♦After
after
ENDED
MONTHS
—
,
loss
•Net
The
authorized
are
Consolidated Vultee Aircraft Corp.—Earnings—
(267)
Detroit Steel Products Co.—To Vote Stock Div.—
$1,718,246
He
Judge
and
interest
coupons,
told
the
trustees they
could
spend
some
$600,000 this
year
for
THE COMMERCIAL & FINANCIAL CHRONICLE
"
(268)
12
General Motors Corp.—New Parts Plant—
asked in a petition, then said he
first and refunding bond holders
which was not included in the ICC's plan
reorganization.—V. 166, p. 53.
and betterments as they
a lien protecting
the
additions
order
would
for
parts fabricating plant devoted exclusively
parts to supply assembly plants and
houses throughout the country will be erected in
(Ohio) suburb, it was announced on July 31 by
company
earmarked
for
The
will
the issuance of rights to the common stock¬
holders of
record July 9 to subscribe for one additional share of
common
stock for each ten shares held, at $14 per share, tlie New
York Stock Exchange on July
10 ruled that the common stock on
with
connection
be ex-rights. They expire on July 23, and will be suspended
dealings on the Exchange at 12 o'clock noon at that date.
11
July
from
Approval by the Federal Power Commission has been received, and
registration under the Securities Act of 1933 has become effective.
■
is being underwritten by a group headed by Kidder,
Peabody & Co. and Merrill Lynch, Pierce, Fenner & Beane. The pro¬
ceeds will be used for plant expansion.—V. 166, p. 53.
offering
The
Construction is
feet.
Cleveland
a
system
manufacturing
Chevrolet
nation-wide
square
Parma,
Nicholas Dreystadt,
Vice-President of the General
and
begin
to
expected
of Directors.—V.
number
General
of
Motors
common
Ileyden Chemical Corp.—New Vice-President of Units
M.
M.
and
Ricketts,
ethical
in
Co.,
165,
charge
R.
Manager
Warner
for
&
all
of
proprietary
appointed
Co., has been
the Jamieson
recently acquired by the Heyden Chemical
sales
of
which were
2671.
the
Nyal
and
Co.
p.
and
Honolulu Rapid Transit Co.,
Period End. May 31—
Gross
from
rev.
Operating
Net
$390,353
330,936
$59,418
$393,472
.
2,365
income
$62,863
78,857
382,916
*$708
♦$15,994
$270,544
392,469.
$407,078
81,458
$24,162
—
revenue
165,
$252,528
18,016.
13,606
3,445.
$80,750
Deductions
$1,934,820
1,682,298
$2,120,555
1,727,082
$78,385
expenses—_
♦Loss.—V.
1947—5 Mos.—1946
$426,919
348,534
income
Total
Ltd.—Earnings—
1947—Month—1946
transp.
revenue
Other
Direc¬
Inc.—New
Co.,
formerly General Sales
products of William
Vice-President
Net
Advertising
Outdoor
General
165, p. 685.
*
Corp.—V.
preferred stock¬
holders for the second quarter of 1947 was 437,932, compared with
433,329 for the first quarter of 1947 and with 428,054 for the second
quarter of 1946, it is announced.
There
were
407,374 holders of common stock of record May 15,
1947, and the balance of 30,558 represent holders of preferred stock
of record April 7, 1947.
These figures compare with 408,279 common
stockholders and 30,050 preferred for the first quarter of 1947.
Of
the preferred stockholders in the second quarter of 1947, 21,826 were
holders of the $5 series preferred stock and 8,732 were holders of the
$3.75 series preferred stock which was sold in December,
1946.—
—V. 166, P. 158.
total
Heinz Co.—New Directors—
Frank R, Armour, Jr., General Manager of the company's manu¬
facturing division, has been elected a member of the company's Board
Fharmacal
Common Stockholders Decreased—•
Subscribe-
Florida Power Corp.—Rights to
the
1,325,000
occupy
The
in
in
unit
new
Chevrolet,
of
(H. J.)
to the manufacture.
service parts ware¬
immediately.
163, p. 2156.
particular purpose.—V.
any
Manager
Corp,
Motors
shares ($1 par) common to be offered at $1 per share.
Hoit
Rose & Co., New York, are underwriters, but it is understood
that' the issue will not be publicly offered. Proceeds have not been
37 500
for
Chevrolet
General
with the SEC
10 filed a letter of notification
July
on
of
Y.—Files with SEC—
Flamingo Air Service, Inc., N.
The
A new
of this sum
extent
the
to
Monday, July 21, 1947
♦$121,925
3284.
p.
tors, etc.—
Gloversville RR.—Earnings-
Fonda Johnstown &
Period End. May 31—
Total
Ry.
oper.
ry.
$76,237
67,028
revs
expenses-
oper.
U.
1947—5 Mos.—1946 •
$397,276
$381,608
1947—Month—1946
$71,039
62,179
Net
fr.
rev.
Cr4,E29
Other ry.
$71,419
1,170
$95,523
9,515
4,260
25,638
19,565
$8,468
$11,084
$44,611
$66,443
1,143
1,473
11,005
income-
rents
■
—
,
1947,
Net
$7,324
Drl,125
$55,357
Dr479
$8,556
4,699
1,437
$34,416
9,547
6,982
$482
$2,419
$17,887
$35,801
deductions———
Misc.
charges-
Fixed
after fxd. cfcgs...
Inc.
7,188
int. on funded
Conting.
2,260
*2,260
11,299
11,299
income—
*$1,778
Depreciation (way and
structures and equip.)
4,142
♦Deficit.—V. 165, p. 3166.
$160
$6,588
———
Net
Bros. Gear
Foote
16,343
20,708
*
Machine Corp.—Reduces Div.—
&
on
of
payable
ceived
on
cents
25
share
per
Feb.
on
1
21.
165, p. 2413.
1946.—V.
during
quarter
The common stock re¬
and May 1, last, and in each
to holders of record July
1
Aug.
Operating
—V.
1947
—V.
165,
1946
Gamble-Skogmo, Inc.—June Sales Up 32.31%—
Month of June 30—
for
—
the
for
Sales
first
half
of
1947
$12,283,501
29.85%
increased
>(
■
_
the
over
f
holders
on
record
18.
July
distribution
similar
A
made
was
on
this year.
American-made rubber plant
at Borger, Tex., which it built for the Government in 1942,
will be
relinquished on Oct. 1 by B. F. Goodrich Chemical Co., a division
of the B. F.
Goodrich Co., it was announced on July 10 by W. S.
have,
the
of
capacity
45,000-ton
President of the Chemical company.
July
on
by mutual agreement, been dropped.—V.
3166.
165, p.
at
Louisville—was
166,
Grand
operated by
a
of smaller
group
Pri¬
vate Loan—The
corporation has embarked on a program
expansion for iis plants at Rensselaer, N. Y„
Grasselli, N. J., and Binghamton, N. Y., and has arranged
for a loan of $15,500,000 through the Metropolitan Life
Insurance Co. to finance the plan. The loan bears inter¬
est at 2.95%.
Annual payments of $1,000,000 will be
made starting in 1956 with final maturing June 1, 1967,;
of further
Jack Frye, newly elected Chairman of the
board of directors for the
said that money from the loan will be used for new units
augment the production of dyestuffs and photo chemicals. During
the past, two years the company has been engaged in an expansion
and
Grasselli
and
166,
p.
several
plants
new
Rensselaer,
158.
the
completion
nearing
are
centers
of
Expand Facilities—
both
in
The
July 14.
supplement
will
plant
Cincinnati
and
Bienne,
Gulf Power
the
production
Gruen
Switzerland.
for
Amort.
31—
now
centered
in
Mr. Katz said sales in the last
sales in 1934, the year • prior
Up 47%—
Fed.
1947—12 Mos.—1946
$405,744
$351,530
$4,846,758
$4,505,621
156,439
152,151
1,863,173
30,000
23,000
1,913,794
311,000
depreciation-
262,000
taxes
income
profits
tax
:
4,000
48,000
274,953
1781,473
excess
48,000
377,870
4,000
96,582
296,670
75,180
_
and
__—
Second quarter
'
1946
$272,539,000
300,058,000
% Incr.
$111,775,000
144%
277,921,000
$97,199
$1,414,622
$1,760,824
14,164
14,303
170,308
Amort.
six
months
$572,597,000
Builds Largest
$389,696,000
47%
Single Cab Electric Locomotives—-
The world's two largest single-cab electric locomotives, each a mam¬
moth 360-ton, 101-ft. long unit
developing 5000 hp., built especially
for the Great Northern Ry. by the General Electric
Co., are operating
over
the
line's
73-mile
electrified
and Skykomish, Wash., it
,
was
Cascade
announced
Number of Stockholders
section
betwen
debt
207
205
(Cr)
deductions—'
Other
387
56
19,112
21,936
$83,048
$1,227,671
5,513
5,513
66,156
$1,569,417
66,156
$98,863
$77,535
$1,161,515
$1,503,261
pfd. stock
on
Balance
165,
3394.
p.
Gulf Public Service Co., Inc.—To Place Bonds Pri¬
vately—The FPC on July 3 authorized the company to
sinking fund debentures, series A,
3%%
July 1, 1972 at 102 and interest. Of the total Massa¬
chusetts Mutual Life Insurance Co. would purchase $1,-
company reports a total of 249,627 stockholders
record figure just short of the quarter million mark.
of
as
June
More
to
than
ten
Securities
which is
35%
of
shares.
the
The
Corporation
less
than
2%
stockholders
largest
which
of
the
are
small'holders
stockholder
hold3
stock
more
the
is
than
G.
AND
5
Employees'
'
166,
shares
p.
MONTHS
12
1947—12 Mos.—1946
$1,848,936
1,358,296
$1,631,496
1,175,973
$4,654,811
3,473,802
$4,057,183
2,910,392
$490,640
expenses,
but
Net
$455,518
$1,181,009
$1,146,791
12,213
revenues.._
oper.
111,914
146,555
114,828
$1,185,035
243,006
360,127
$1,159,004
93,757
taxes
surplus—,
$253,478
$233,884
$581,902
$591,114
$493,790
income
Income
deductions
Fed.
state
&
4,026
5,108
3,150
(net)
Non-oper. revenue
Gross
Norris
Henrotin,
B.
If elected
inc.
$460,626
272,027
295,863
directors, the nominees intend to elect Mr. Carleton as
board and Mr. Compton as President.
See also V. 166,
as
splitup
the
of
Exchange
21,
July
1947,
will,
company
of
present
of
at present
at
dividend of
paid
on
July
Exeroise
1947,
upon
of
two
stock
qualify
the
the warrants for the two
after
will
and
one
the
on
also
present
Balance
manufacturing divisions of this corporation, the McAlear Man¬
ufacturing Co. of Tulsa, Okla., and the Climax Engineering Cq
of
Clinton, Iowa, have been purchased by the A. J. Smith
Engineering Co
of Kansas Citv. Mo., Arthur J. Smith, President of the latter
firm'
recently announced.
'
purchase
includes
all
physical assets of the two companies in¬
cluding names and good will, but not the liabilities, and the total
consideration involved is reported to be
approximately $4,500,000.
The
McAlear
plant' manufactures control
equipment
for
liquids,
vapors and gases, and equipment to control pressures, flows and tem¬
peratures in addition to a full line of controls for liquefied petroleum
gas systems.
The Climax company makes a complete line of oil field
engines of
various types and sizes, modern farm machinery, electric fans
lighting
plants,
and liquid
pumping
units.
Its
principal
engines, both gasoline and diesel.—V. 166, p. 158.
sales
are
of'
qualify
common
for
the
stock to be
1947,
common
not
for
shares
cents declared
40
21,
of
will
1947, of the two for one
exercise of the warrants, on or prior to that
for exchange into splitup common stock of the com¬
the rate
cash
July 22,
represent the right to purchase one share
$18 per share.
at
stock
shares issued
pany
on
each
as
common
on
of this company, the New York Curb
July 16 lhat until the close of business on
the common stock purchase warrants of the
stock
common
announced
purchase
common
for one
warrants
shares
splitup
or
or
on
after
July
22,
issued against exercise of
the cash dividend. On and
July 22, 1947, each warrant will represent the right to purchase
of the
splitup common stock of the company at a price
$8.28 and $8.98 per share.—V. 166, p. 159.
share
Illinois Bell Telephone
Period End. May 31—
Operating
Uncollectible
oper.
Operating
rev.-
revenues
Operating expenses
Operating
Net
—
—
taxes
1947—5 Mos.—-1946
$13,450,926 $13,274,817 $65,470,994 $64,311,315
24,496
17,689
142,111
85,077
$13,426,430 $13,257,128 $65,328,883 $64,226 238
12,851,353
11,214,924
58,919,520
52,750,269
931,599
1,113,980
6,014,895
6,699,567
operating income
charges,
*$356,522
$928,224
$394,468
$4,776,402
*545,121
730,851
*471,541
3,870,760
after
166,
Co.—Earnings-
1947—Month—1946
revenues
159.
p.
Illinois Terminal RR.—Equipment Trust Certificates—
ICC
June
27 authorized the company to assume obligation
respect
of
not
exceeding $1,030,000 series C 2%
trust certificates to be issued by the St. Louis Union
Trust Co., as trustee, and sold at 99.2183 and accrued dividends in
connection
with
the
procurement
of
certain
new
equipment.—*
V. 166, p. 54.
■
and
on
liability
serial
in
equipment
Independent
Exploration
Co.,
Bakersfield,
Calif.—»
Plans Three-for-One Split—
A
special
July
18
stock
from
par,
to
meeting
act
on
of
stockholders
a
proposal
500,000 shares of $1
to provide
for a
was
scheduled
to
be
held
on
to
increase the authorized capital
to 1,500,000 shares of 33 Va cents
three-for-one split.
par
Indiana Associated Telephone
Period End. May 31—
Operating revenues.
Corp.—Earnings
1947—Month—1946
1947—5 Mos —1946
$i
$243,470
$223,908
$1,229,815
rev._
244
224
1,224
Operating revenues..,
Operating expenses.,..,
$243,226
$223,684
$1,228,591
$1 116 041
191,941
165,332
955,940
765379
50
50
250
250
26,104
29,507
137,515
168,763
Income
$25,131
$28',795
$134,886
charges.
165, p. 3168.
10,450
15,233
62,608
Rent
for
oper.
lease
of
—
Operating' taxes
Net oper.
Net
after
—V.
l|ll7
'
oper.
prop.
117 158
'
$181649
117'212
'
158.
Mfg. Divisions—
—V.
to
Indiana Harbor Belt
Period End. May
166, p. 54.
Twa
The
on
159.
31—
RR.—Earnings—
1947—Month—1946
1947—5 Mos —1946
1
•
consultant
Chairman of the
p.
Uncollectible
ENDED MAY 31
1947—5 Mos.—-1946
revenues-
Operating
owning from
E
500,000
outstanding.—V.
General Finance Corp.—Sells Two
RESULTS FOR
expansion of facilities.-
20
Representing an upward trend during each quarter of 1946-1947 the
present figure exceeds that of a year ago by 3,923.
'
one
bank loans and for
Operating
Record—
a
The
a
700,000 and Modern Woodmen of America $500,000. Pro¬
ceeds will be used to refund serial notes and short-term
Period End. May 31—
Nearly 250,000,
securities;
2,493
2,469
$104,376
income.
Divs.
investment
securities; Carl Marks, President of Carl Marks & Co., Inc.;
Spicer, certified public accountant and tax counsellor;
Samuel D. Walker, real estate operator
and Theodore I. Weleken,
attorney.
H.
The
Net
Wenatche
July 15.
on
and
Day, President of Joseph P. Day Inc.
three, the Committee's nominees for directors
retired; Stephen M. Dryfoos, holder of real
railroad
♦Loss.—V.
due
First
estate
171,964
long-term debtof
premium of
on
sell $2,200,000
8
Bayer,
Net
$118,723
income
Gross
Int.
.
1947
these
Joseph
one
1947—Month—1946
plant
acquiadjustments.—
General
and Bernard P.
F.
of
sition
•
Co.,
to
Co.—Earnings—
revenue
Prov.
Ry.
addition
Clarence
are:
between
Period End. May
output.
dyestuffs
company's
General Electric Co.—Orders Received
quarter
Pacific
date, will qualify
complete watch manufacturing plant in Mount Vernon, N, Y.,
purchased by the company, Benjamin S. Katz, President, an¬
has been
—V.
Orders Received—
First
is cofnposed in part by the
It is headed by Robert A. W.
in January this year resigned as President and Chair¬
man
of the board of the company.
J. Crawford Compton, Assistant
Secretary and Assistant Treasurer of the Chicago, Rock Island &
who
IIussman-Ligonier Co.—Exercise of Warrants-
to
program
Carleton-Compton-Day Committee
The
company,
*-V,
The
Carleton,
Anticipating the effectiveness,
1947
,
on
166, p. 159.
former Independent Stockholders Group.
Co.—Earnings„
nounced
Inc.—Debentures
54.
p.
Union
1946
Sales
$23,245,018 $17,494,502
Net profit
after taxes, depreciation, etc.—
348,425
338,210
Earnings per share on 222,738 outstand. shares
$1.56
$1.52
—V. 166, p. 158.
Gross
Co.—Obtain $15,500,000
Film
&
it into
it built
rubber com¬
a 60,000-ton unit at Louisville, Ky., and is converting
chemical
manufacturing plant.
The fourth rubber plant
Operating expenses
General Aniline
Co.,
Privately—Kidder, Peabody & Co. and Dallas,
of this company, there has been filed with the New York StockExchange copies of proxy soliciting material by Carleton-Compton-Day
Committee in connection with the special meeting of the stockholders to
be held on July 28 to consider election of a board of directors.
In
Borger
informal
that
16
Material
the
ment
-
plant will be operated thereafter by the United States
Rubber Co., which in turn is relinquishing operation of a government
rubber plant in Los Angeles, Calif.
Mr. Richardson said his company will continue to operate half of
the
120,000-ton plant at Port Neches, Tex.,
which it built.
It > has
purchased another rubber plant it built and operated for the Govern¬
The
discussions which the
respective managements of this corporation and Western Auto Supply
(Missouri) have been carrying on looking toward an eventual merger
announced
was
"
year were eight times the company's
to its reorganization.—V. 162, p. 3073.
Merger Discussions Dropped—
It
•
Goodrich Co.—To Relinquish Plant in Texas—
Gruen Watch Co.—To
to
of
be
capital.
(B. F.)
A
on
21,
on July 8 filed a letter of notification with the SEC
of 5% cumulative preferred stock to be offered at
Underwriter, Refsnes, Ely, Beck & Co., Phoenix.
Pro¬
used to acquire real estate, retire indebtedness and- for
same
July 14 declared a dividend of 20 cents per share
the 2,469,082 shares of outstanding common stock, payable July 31
April
will
ceeds
Declares 20-Cent Dividend—
directors
Field
in.
offered
be
Hudson & Manhattan RR.—Group Seeks Proxies—■
!
In additioii to'the
proxy soliciting material filed by the manage¬
shares
share.
a
working
period of 1946, according to the company.'
The
Oil
might
3394.
Rupe & Son July 16. announced that the compapy has
sold by private placement
$2,000,000 3%% sinking fund
company
3,000
$100
panies.—V.
1946
$9,283,614
1947
*■
—
$1,188,666
Placed
which
164, p.
Ariz.—Files with SEC—
Quarters Ended May 31—
Sales
1946
stock
common
preferred market.-^-V.
a
Houston
Jan. 1 to July 7—
$1,279,508
additional
some
debentures due 1962, at 103.—V.
263,818
2413.
p.
of
$4,928,108
———
Electrochemical Co.—Sale of Preferred Issue
Smith, Barney & Co. as underwriters haye announced that the pro¬
posed public offering of company's preferred stock has been postponed.
Consequently the company, it is said, is considering the public salei
absence of
158.
Goldwaters Inc., Phoenix,
The
a
317,581
-
-
—
income
Net
166, p. 158.
1947
$40,300
$44,700
revenues
166, p.
—also
$7,164,184
April 30—
3 Months Ended
Net. sales
Output—•
the week ended July 11,
increase of 8,213,474 kwh.,
for
ment,
Froedtert Grain & Malting Co., Inc.—Earnings—
Hooker
Vice-
a
Postponed—May Offer Common—
1946
1947
Richardson,
July 14 declared a dividend of 10 cents per share
the $2 par value common stock, and the usual quarterly dividend
15
cents per share on the $10 Par value
preferred stock, both
directors
The
Price
M.
to 118,469,421 kwh., an
the corresponding week of 1946.;—V.
over
Operation
3,271
L.
—Week End. July 7—
$24,502
debt
;
and
2413.
p.
Georgia & Florida RR.—Operating Revenues—
$54,878
11,839
'
income
Total
$33,605
811
1,396
income
$9,611
Drl,055
$6,199
4,321
income-
oper.
ry,
165,
amounted
7.4%,
or
Period—'
Other
director
a
output of this corporation
electric
11,086
tax accruals—
Ry, oper.
Net
$8,860
Cr6,484
5,272
$9,209
oper.
ry.
Federal income tax-
elected
been
corporation.—V.
the
of
General Public Utilities Corp.—Weekly
286,085
325,857
The
'
has
Burke
H.
President
oil
field
Ry.
Hart & Cooley Co., Inc.
The
of
directors
the
capital
holders
at
on
stock.
July
11
The
(Conn.)—To Split Stock, etc.
voted
action
special meeting July
a
vious day will be entitled to vote
The directors, in making the
to recommend a' five-for-one split
is subject to the approval of stock¬
30,
Stockholders of record the pre¬
the
proposal.
recommendation, voted
par
value
•2Va-for-l
increase
be
to
to reduce the
splitting the stock on a
They then voted a 100% stock dividend. This would
outstanding shares to 400,000 from 80,000. Capital will
$10
from
$25
a
share,
thereby
basis.
the
increased
See
on
to
$4,000,000- by transfer of $2,000,000 from
also Fafnir Bearing Co. above.—V.
155, p. 1512.
surplus.
oper.
revenues
$1,711,096
$1,162,569
Ry.
oper.
expenses
1,332,097
1,072,&'46
$378,999
$89,723
82,356
Net
Victor
—V.
E.
Schachtel and
163, p.
2157.
from ry. oper.
tax accruals
and joint
ity rents
110,374
Ry.
Equip,
Net ry. oper.
Other income
Total
Misc.
Total
Ilearn Department
rev.
elected directors,
Net
449 422
146,883
837,982
85i;593
$118,318
income.
*$139,516
$26,311
*$1 264 095
5,645
deductions fr.
.
4,169
29,621
' 15^373
$123,963
*$135,347
$55,932
*$1 248 722
3,312
17 354
', ifi'945
41,558
206,841
209,023
inc.
3,335
charges—.
39,868
$8'0,760
income
•Deficit.—V.
$36 920
552,639
6',366',124
150,307
•
Stores, Inc.—New DirectorsEdward bishop have been
$1,416,932
-
$6 403 044
'
facil-
income.—
fixed
$8,645,608
7,228,676
165, p. 3168.
*$180,217
*$168,263 *$1 474 690
To payment of outstanding first lien and consolidated
mortgage bonds, series of 1924, 5 V» %, due April 1, 1959,
issued by United Light & Power Co.
(Md.) and as¬
sumed by the company——
(b)
Co., Beverly Hills, Calif.—Files
Gasoline
Inglewood
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4613
Volume 166
with SEC—
The
holders'at
July 7 filed a letter of notification with the SEC
($1 par) capital stock to be offered to stock¬
on
company
$1
Unsubscribed shares to be offered publicly
Hollywood. Proceeds will be used to purchase
share.
per
through Eennett & Co.,
5,422,000
stock
190,000
4.1
(d) To construct and acquire additional
indebtedness, and for working capital.
equipment, liquidate
(balance)
property—
share on the Stock &
record
sions of the
Institutional Shares, Ltd.—25-Cent Distribution—
31.
July
last.
•
the following dividends were paid: Feb. 28 and June 1,
31 ahd Nov. 20, 25 cents each.—V. 165, p. 3284.
May 31,
In
declared a quarterly dividend of 25 cents frer
Bond Group Shares, payable Aug. 31 to holders of
A similar distribution was maae on Feb. 28 anti
have
directors
1946,
redemption, of
20 cents each; and Aug.
System
Hydro-Electric
International
New
Liquidation
—
2%%
bank loan of
deed of trust,
HISTORY
Minerals & Chemical Corp^—Executive
Vice-President,
has been elected Executive
Jr.,
McDougal,
partner in the law firm of Sidley, Austin, Burgess
Homer Hunt, retired, as Secretary.
A. Nor¬
a
.
Harper succeeds John
been
has
appoihted
Manager
General
and
Indicated—
30,
First
Hayd.en,
—V.
International Mining Corp.—New
sales
loss
Gross
Net
$1,848,154
5,460,481
——
4,721,322
Telephone and radiotelephone Operating revs.—
Divs,, int. and-management and service fees
from subsidiaries not consolidated (net)
:
•
566,609 "
303,844
management and service fees
United River Plate Telephone Co;, Ltd—
——
Sundry divs., int., advisory fees and royalties—
779,049
361,672
555,691
243,600
—:
from
Other
and
income
(net)
—'
.
$5,364,794
earnings-^———:—-——.
gross
$4,330,831
3,403,939
Operating, selling "and general expenses———
3,974,513
Maintenance and repairs———888,462
U. S. Federal income tax
—
65,000
718,369
63,000
759,000
969,017
Cr91,326
499,810
917,646
19,952
204,365
24,495
Other interest charges-'—
—.
67,727
Interest charged to construction—
Cr21,539
Divs. on preferred stock in hands of public—
118,751
Minority com. stockholders' equity in net
income
(net)—
—90,113
(incl. taxes to
,
.
ryl oper._
372,500
350,615
for fxd. chgs.
278,290
261,282
243,316
224,404
159.
166, p.
,
.
Interest.
'
Operating
April 30—
------
$2,646,779
Retirmt.
780,622
225,240
13,470
162,224
115,417
15,439
10,833
Other
accruals--
res.
Utility
Gross
115,000
$420,116
*2,003
$442,127
8489
$37,647
$450,316
7,970
8,869
97,354
$422,170
103,665
$28,607
income
deductions
126,667
$39,649
$36,577
(net)-;—
10,417
$37,642
*1,085
income^
oper.
income
Income
loss
'Restated
Ltd.
CO.
to
and
'inent and
separately (a) dividends, interest, and manager
fees-paid by that company to the parent company
show
to
service
,
the amount of its
and (b)
United River Plate Telephone
the accounts of
exclude
$1,520,588
$2,051,402
—
—
—
•
———
$28,777
$352,962
$318,505
25,312
21,991
-—
income
-
undistributed net income.
PARENT COMPANY ONLY
:*J!i«4!L*
ThreeMonths Ended March 31—
br
J
*
presently available in
U. S. dollars-:.——»
..
income——————
earnings
Gross
$8'80,073,'' ,$604,427
■
dividend requirements:
J. P. S. Co., Ltd.—Preference shares.
—Preference
,
.
—Pref
Common
shares
'Administrative and general expenses—:
Tax6s '(incL foreign taxes on dividends, inter?
est and management fees) (no provision re-
750,095
361,672
.530,077
$1,630-,168
' 646,201
$1,496,176
,786,125
-
shares
"C"
25,067
21,991
"D"—
and
81,683
dividend 'ipaid—J. P. S. Ltd.-
80,331
91,800
91,800
quired for U. S; Federal ihcome tax)-,——,
pn
foreign exchange (net)——.—.—,
'interest on'long-term debt-——
Amortization of debt discount and-expense
,
LoSs
56,097
Jardine
(Mont,) Mining Co.—Files with SEC—
NUgeftt & Igoe,, East Orange, N.
loans and for. working capital.
riotification
at
market.
Proceeds will be
J.
the SEC
Underwriter,
with
used
to
repay
—.—-—*•*
——
$460,710
54,361
,
1,400
867,011
'61,522
*$274,243
♦Deficit.-VV. 165, p. 3285.
Production of tungsten will represent an Increasing proportion of
output b'f this "company as a result of the recent installation of
F&gergren flotation Equipment for the recovery of tungsten con¬
centrate frdm the company's ruri-of-the-mine
deposits of gold ore,
A.
Aimquist, 'Vice-President and General Manager, said in a letter
new
stockholders.
Plans have
been
completed for the recovery - of
tungsten not. only Irom, newly mined ore .but also from Waste dumps
of ore previously, worked for
gold content, he stated.
Recovery of
tungsten
the company heretofore has not been a planned Opera¬
tion but has been only incidental to the
recovery of gold, hfe con¬
.
tinued.
,
;
,
•
milled
and
mined
is
to average approximately 7,500 tons per month in the second halt of 1947, compared
with a "monthly average of close to 6,000 tons-in the first - half -of
the yeslr and with' a monthly average of about
4,300 tons in 1946<
present capacity of thri mill," Mr., Almquist said, is in excess of 8,500
,tons per month, and "it is planned to utilize this capacity • within a
ore
expected
,
reasonable, jtime."
■
.
;
,
t
, .-
_
A. J.
Almquist, Vice-President and General Manager
July 9 said in part:
"The
year 1946,was in no sense a normal operating year due to
•shortage of labor ahd materials, excessive costs of operation, arid other
.unusual conditions.; Durihg the year 52,04o tons of ore were milled, the
monthly volume rising from 3,100 tons in January to more than 5,000
in
December.
The
metal
recoveries
were,
gold
$343,608,
and
^tungsten; $8,560. No planned operation in tungsten was carried on in
1946 and theTecovery was only incidental.
Operating expenses were
$415,761, and general and administrative expenses were $77,721. The
for
the
$141,314."—V.
the company to, sell to banks a total - of
$1,600,000 in promissory notes to finance its construction program,
•TWo notes1 for $550,000 each are to be sold prior to Aug. 1, 1947; and
two fof $250,000 each before Oct. ] 5, 1947.
They will bear interest at
2% arid are to be sold in equal amounts to Chase National Bank and
Manufacturers Trust Co., New York.—V. 165, p. 3285.
SEC
;
,
Tonnafee Of
loss
Interstate Power Co.—-To Sell Notes—
The
before
year
145,
p.
depreciation
and
depletion
was
therefore
Offered—The
banking syndicate who On
July 17 offered publicly $22,000,000 first mortgage bonds,
2%% series due 1977 at 101.40 and int.
awarded
was
July
14
on
a
bid of 100.779.
Four other
each naming a 2%% coupon, were received at the sale. They
were: Harris, Hall & Co.
(Inc.), 100.7599; Blyth & Co., Inc.,. 100.523;
Halsey, Stuart & Co. Inc., 100.4099; and Glore, Forgan & Co., 100.3521.
bids,
intends to* apply
bonds as follows;
PURPOSE—Company
the
sale
of
the
new
the
entire
proceeds
from
United
Light
&
Railways
company
(Me.)
and
assumed
serially
*$10,000,000, maturing 1948 to
at. 2 %
per annum,
aehvery
order
the
of
corporation issuable under
with-
3,000,000 shs.
and bearing interest
inclusive,
held by the
are
corporation
to
loan agreement,
a
70,000 shs.
1,499,520 shs.
-
—
1957
have been issued and
the
upon
2,500,000
102,424 shs.
105,000 shs.
125,000 shs.
trustee for
notes of the
secure
dated Sept.
25,
1945,
three banking institutions.
This loan agreement provides that
corporation may, at any time prior to Dec. 1, 1947, borrow an
aggregate amount of $10,000,000 on its temporary notes at interest:
at l /ai % per annum.
These temporary notes will be unsecured, ex*
cept that oh Dec. 1, 1947, the then outstanding
temporary notes will
the
be
exchanged for
collateral notes maturing serially each six month's
1948 to, Dec. 1, 1957 inclusive, bearing interest at 2% per
and secured by pledge of an equal amount of the above men*
tioned 2 % first mortgage serial
bonds, and such bonds may be de¬
manded as security for the
temporary notes prior to Dec. 1, 1947.
1,
by
$10,578,000
the
terms
commitment
to
Dec.
1,
CONSOLIDATED EARNINGS
FOR
MARCH
Profit
before
charge-off
.'
SUBSIDIARY
to
sell
value
of
$61,001
;
$3,583
preferred stock-^-
on
carbon
black
the
inventory
black plant permitted
period,
as
$0.03
of
and adjustment
March 31, 1947.
164, p. 2692.
of
on
July
11
—V.
166, P. 55.
>
the
per
corporation
annum
the
will
from Dec.
pay
a
1945
15,
credit,
FINANCING—LongLac
(Canadian
3Vz%,
are
to bear interest at 3%
per annum and $6,000,005
and the, bonds, are to mature serially from 1949 to 1966.
.April 30, 1947 two of such purchasers had Advanced $1,500,005
to LongLac against demand notes of that
company, such notes to be
refunded from
not
the proceeds of the sale of the bonds.
The bonds are
be guaranteed or assumed
by the corporation. Since April 39,
total of $5,600,000 of such bonds have been sold and the
to
1947
a
demand notes have
HISTORY
,
in
AND
been paid.
BUSINESS—Corporation
Delaware.
co-partnership
The
formed
present
in
declared
was
corporation
March,
1872,
incorporated June 30,
the outgrowth of a
an
initial subscribed
is
with
.^he cprporatidh conducts
•
an integrated business of manufacturing
selling white papers, cellulose wadding and other allied
products,
other large manufacturers.
The corporation pro¬
and
in competition with
duces
about
33 %
United States production of publication type
paper, and is 6ne of the two largest manufac¬
It produces about 10%
of United States pro¬
duction of all' types of bcok paper, and is one of the four
largest
mahufacturers thereof.
The corporation
is the largest producer of
cellulose wadding
and converted products, its capacity being more
thap twice that of the next" largest producer. '
The
corporation
owns
and
operates mills
at Neenah,
Appleton,
Kimberly, and Niagara, Wis., Niagala Falls, N. Y. and Memohis, Tenm
•
of
coated
book
such
paper.
of
Kimberly-Clark Corp. of Canada Ltd., a wholly-owned subsidiary, own8
a mill at Kapuskasing, Ont.,
which manufactures cellu¬
wadding. Two wholly-owned subsidiaries, William Bonifas Lum¬
ber Co. (Mich;) ahd North Star Timber Co.
(Minn.) oWn tirnberlands
in Michigan
and Minnesota.
In addition, William Bonifas Lumber
Co.
and operates a saw mill at Marenisco,
owns
subsidiary,
timber
Upper
Canada
an
initial dividend
of
Timber
in the Province
reserves
of
Mich, A wholly-owned
Ltd.: (Ont.)
owns
substantial
Co,
Ontario.
Pulp wood Supply Co. Ltd.
(Ont.) ; (presently wholly owned by Pulp Wood Co., a Wisconsin cor¬
poration, Which in turn is a wholly-owned subsidiary of KimberlyClark Corp.) is in the process of
being merged into LongL'Ac Pulp and
Paper Co. Ltd., .an. Otario corporation., LongLac Pulp & Paper ■ Co.' Ltd..
wholly-owned Canadian subsidiary,' how has access to extensive
pulpwood limits in the Province of Ontario,
including the limits
formerly under agreement between the Province of Ontario and Pulpwood Supply Co. Ltd.
...
a
For many years the corporation nas
purchased approximately 50%
pulpwood' requirements in the open hiarket, principally in Wis¬
consin, Michigan,
Minnesota and Canada-.. The balance has been
produced from properties owh'ed or controlled, by the corporation.
•
of its
The-amount purchased from'-outside
sources, varies from year
depending upon market and other conditions. The Corporation
to continue its general policy of
to
62%
market
The
and" other
&
Paper
,
conditions.
corporation
Power
50.12%
owns
Co.
grated' newsprint
Ltd.
mill
.
of the common stock of Spruce Falls
which operates a completely Inte¬
(Ont.),
at
Kapuskasing,
Ont., and has access under
a'gre'ements to extensive pulpwood limits in the Provincei
cohipahy furnishes the corporation with most of its chemical
pulp requirements in excess, of the corporation's own productive ca¬
pacity. ;
*
Cfjpwn
.
Said
C.
G.
be
Allyn
names
of
purchased bv each
underwriters
the
are
and
the
number
follows:
as
30,000
Co., Inc
Co., Inc._
7,000
Kuhn, Loeb & Co
Lee Hlgginson Corp.
9,000
McDonald
9,000
7,000
Merrill Lynch, Pierce, Fen-
2,000
The
&
(Inc.)
Clark, Dodge & Co
J. M. Dain & Co
Read
Drexel
and
Farwell,
&
Co,,
Inc._ 16,000
Co
9,000
Chapman
& Co
2,000
Glore, Forgan & Co
14,000
Graham, Parsons &. Co—„
7,000
Ripley & Co.,
Inc.
.
•;
Hall
Shares
—
Central Republic Co.
Dillon,
no. of
Shares
,
,
&
Becker
Harris,
cents
year
oxpects
purchasing a substantial part of its
pulpwood requirements notwithstanding the acquisition Of additional
resferves.- The amount...of the purchases will cohtinue to
depend upon
■
directors
1%
such bonds
at
Harrimah
Jewel Tea Co., Inc.—Initial Preferred Dividend—
The
of
Canadian
$14,000,000
,
57,419
carbon
agreement
V*
unused portion of
At
A.
,_1
*Including accelerated depreciation
market
loan
of
any
Pulp & Paper Co. Ltd., a
subsidiary of the corporation, has contracted
funds) first mortgage bonds to four
financial institutions, such bonds to be sold from time to
time as funds are required for the
LongLac development/ the obligation of the purchasers
being subject to certain conditions, including
the investment by the
corporation in common stock of LongLac of
s"m? equal to one-half of the principal amount of the bonds pur¬
chased from time to time
by such financial institutions. • $8,000,000
wholly-owned
A.
by the Treasury Dept., research work for
to
the
Blyth & Co., Inc
THREE MONTHS ENDED
31, 1947-
Adjusted net earnings
^
Earnings per sh. on 118,904 shs. of 7%
—V.
of
commission
1947 upon
NO. of
share on the 75,000 shares of new 3%% cumulative preferred
stock, par $1C0, payable Aug. 1 to holders of record July 22. This
payment covers the period from June 1, 1947 through July 31, 1947.
>
by
due
4% convert.: second preferred stock
Common stock
(no
par)—
Jefferson Lake Sulphur Co., Inc.—Earnings—
per
(a) To payment of outstanding first lien and consolidated
mortgage bonds, series A, 6%, due April 1, 1952, issued
the
notes
1. 1948 to Dec. 1, 1957———
pfd. stock (par $100)—
Preferred stock (par $100)
UNDERWRITERS—The
Iowa-Illinois Gas & Electric Co.—Bonds
First Boston Corp. headed a
Issue
collateral
•
:
Dec.
1,
date
such
cumul.
of shares to
♦Charge-off
The
2%
due
on
Dec-
611.
authorized
has
botes,
exchange
be
lose
the
tons
Net, incoihe-
for
to
\
flO,000,000
and operates
Plans to Increase Trungsteh Output—
*
1
temporary
1947,
turers
V The company oh July 7 filed a letter of
for 80,000 shiafes of common to be sold
on
;
233,052
Cr77,413
311,521
1V2%
machine
♦Loss.—V. 165, p. 3169.
'
,
.
capital of $30,000.'
—
^
"B":_
.
.
■
-
41.'Jl4
•-
—
—
' '
'
Current inc. received or avail, in,U. S. dollars
Divs., int. and management and service fees
from United River Plate Telephone Co. Ltd.-,
/Othter
$645,441
$880,073
•;
15, 1965, and $2,500,000 maturi^g Dec. is;. 1965, with interest at
2%% per annum—
^
Preference
to
INCOME ACCOUNT OF
Tncome • from subsidiaries
a—--—-»
Current income from, subsidiaries, not received
June~T5,~T958~"and
each 6 months thereafter
to and incl.
June
2,054
<
Net
*
$500,000 maturing
1928,
Net
.
1,126,191
.
958,497
258,720
'21,984
^
Taxes
*
Telephone Co. Ltd. for the 1946 period-——-
;
61,522
Plate
$1,656,396
18,111
•
-
_1
1947—12 Mos.—1946
$1,948,234
67,789
.
56,097
Undistributed net income of United River
Subs.)—Earnings-
87,532
•
Maintenance
59,472
867,011
'(loss)————■—i.-—;——$2,051,402
Balance
*
■
„
311,521
Amort, of debt discount and expense
i
1
_
Canadian
1947—Month—1946
$173,432
$149,437
_1_
revenues
Operation
111,830
-
long-term debt
on
38,216
Crll,055
.
.
Jamaica Public Service Ltd. (&
24,919
.
.
—
Interest charges of parent company:
Outstanding
,
thereafter to and incl.
15, 1957, with int, at 2% per
Dec.
under
1947—5 Mos.—1946
$5,900,779
$4,854,614
2,307,849
1,799,212
1,724,202
1,334,516
1,548,699
1,148,835
$976,139
period End.
„
Amortization of debt discount and exp.——
America—-Earnings—
1947—Month—1946
$1,150,433
from
avail,
—V..
202,979
foreign, govts.; etc.)
Provision for depreciation—-1
1———
'Loss on foreign exchange (net)——.——
Charges of subsidiaries:.
interest oh long-term debt—-———Other taxes
,
annum
:
Dec.
Net, incohiA— _!
*
Total
-
159.
p.
236,436
int.
Divs.,
^
;
Miller, & Co
rev.
Inc.
9,429,148
..i,—-—»
-
——:
i
„
International Rys. of Central
$1,684,945
$7,744,203
sales
on
:
_
Corporation
Period End. May 31—
Ry. oper'. revenues
*1946
$3,749,048
5,597,202
1947
■
-
goods sold
of
Cost
—,
.
& Co.:.
;
International Telephone & Telegraph Corp. (& Subs.)
Three Months Ended March 31—
$10,150,000
4,000,000
4,000,000
2,200,000
1,100,000
550,000
:
„——
President—
■
Net
Corporation
Securities
166,
.
.
,
annum,
G. F. MacDonnell has been elected President, succeeding Donald B.
Douglas,.who has been named Chairman of the Board.
/
Mr. MacDonnell has also been elected a director.-t-V. 165, p. 2671»
;
v«4«.„
v.
Authorized
ifn^LSerlaI bonds, series of 1945__ $20,000,000
$1,000,000 maturing Dec. 15, 1948 and
$500,000 maturing June 15, 1949 and
-
Boston
American
1947,
the next
properties within
its transportation
to sell
Hallgarten & Co
that
checks
June
in
general
ic,*
«%%
also operates an' urban bus transportation system
Quad-Cities, and adjoining municipalities.
However,, the
Goldman^ Sachs
President,
Ware,
dividend
ending
smaller municipalities.
Several
Eastman, Dillon & Co
told stockholders in a letter accompanying
preliminary figures indicate the fiscal
will establish new records in both sales
earning for the company.—V. 165, P. 3395.
Louis
year
and in
its
each 6 months
PURCHASERS—The names of the several purchasers and the prin-'
cipal amounts of "new bonds "agreed to be purchased by them, respec¬
tively, are as follows: :
The
New Records in Sales and Earnings
their
corporation's
Division.
Potash
,
of
la.;
company expects
three years.-
.
Into
1947.
company
serving
General
McDougal, Jr., has been elected Secretary and
and Edward D.
Counsel.
The
•
Margesori,
P.
a Canadian
,e aS8regate amount of $20,000,000, and the balance
funds or further
financing, if required.
CAPITALIZATION GIVING EFFECT TO PRESENT FINANCING
y
from
■
Ottumwa,
Changes—
James
1,
of the common
major part of
the issuance of its notes and bonds of
4
AND
is engaged principally in the business of generating,
transmitting, distributing and selling electric energy and distributing
,and selling natural gas.' Electric energy is distributed in Rock Island,
Moline and East Moline, 111., and Davenport, la., in Fort Dodge and
.Iowa City, Ta., and in portions of surrounding territories.
Natural
gas Is distributed in the foregoing communities, in Cedar Rapids and
off the preferred stock claim at par, plus accrued
'dividends, and a pro rata distribution of the remainder to class A
'stockholders.—V. 166, p. 54.
International
of March
as
plants and facilities of the cor¬
the additional funds to be supplied by th«
its subsidiaries for the purpose of such
program,
for completion in
1949, were estimated at a maximum
The company
;
pay
'
to be dated
National
proposed to be used lp connection.
are
«
$22,000,000 168,300 shs.
500,000 shs.
(par $100)
BUSINESS—Company, an Illinois corporation or¬
ganized in 1940, acquired on Dec. 31, 1941, the properties of 10 com?
panies each engaged in one or more of the company's present business
'activities,
*•' h
also
$17,400,000;
shares
Outstanding
Chase Na-
and
Illinois
otnfi,
'
n, addltlon to the proceeds of the sale
,;i01f.n0J offered, corporation proposes to obtain a
*
'Issuable
holders.
provides for the immediate sale at competitive bid¬
ding of the System's major holdings, including 1,430,024 common
'shares of Gatineau Power Co., 330,000 shares of New England Electrib
■System and 320,000 common shares of Eastern New York.Power Co.
Proceeds from the sales would be used to pay off the bank loan of
plan
.
Pr°ceeds
^"a"cing of the additional
^^fA^o£44April 20« 1947,
yprporation and
/
*The amount of bonds of all series which may at
any time be
outstanding will be unlimited except that additional bonds are to be
.only in accordance with the indenture of mortgage and
for
040 due debenture
Mr.
Authorized
!—
series due 1977———
Common
the immediate payment of the $10,000,000
debenture holders on a pro rata basis, which
of about $375 on each $1,000 debenture.
A
$17,400,000 is proposed to pay off. the remaining $17,365,^
provides
plan
man
PRESENT FINANCING
TO
Chicago
of
Registrars—Continental
,Chicago and Commercial National Bank & Trust
net
i
;
York.
of
New York.
44
funds sufficient for the.
deposited in trust with The
be
First mortgage bonds—
held by the System to its
involve a payment
•would
&
will
bonds
Co., trustee,
.
,
datioh of the company.
The
old
the
Trust
CAPITALIZATION GIVING EFFECT
Gabriel Caplan, owner of 900 shares of 3!/a% cumulative convertible
preferred on his own behalf has filed a plan with the SEC for liquiThe
York
New
& Trust Co.
of
poration and its subsidiaries.
.
•
Planh-
Co.
At the time of issuance of the new bonds,
_
,
the
indenture.
Bank,
Bank
proceeds to be applied for construction and acquisition of
property, $5,000,000 is to be deposited with the trustee under the
indenture of mortgage and deed of trust pursuant to which the new
bonds are to be issued and secured, such sum to be held as part of
the trust estate subject to withdrawal in accordance with the provi¬
The
13
offered at $24% per share,
was
„Tr^ns£er ,A6ei}ts—Pirst National Bank
tional
'
Of
(269)
Kimberly Clark Corp.—Stock Offered—Blyth & Co..
Inc., and associates publicly offered July 16 an additional
issue of
300,000 shares of common stock (no par). The
,
■
(c) To pay, or reimburse the company's treasury for, ex¬
penses of issuance and sale of the new bonds, est. at
shares
100 414.8
for
^
14,000
&
Co.
(Inc.).
5,000
&
Beane
ner
Milwaukee
Pacific
9,005
—
Co.
Northwest
Paine,
16,000
Company—
7,005
Co
Curtis
9,005
Piper,
2,000
Shields
7,005
Jaffray & Hopwood
& Company
William R. Staats Co
Corp.
14.00Q
5,000
2,000
Securities Corp.
Watling, Lerchen & Co
White, Weld & Co
5,000
Whiting.
Kidder.
—V.
Peabodv
166, p.
160.
&
Co.—
9,000
14,000
5,005
Stone & Webster Securities
The
Company
Kebbon, McCormick & Co.
2,005
Webber, Jackson &
Haydc-ri, Stone & Co._
Hornblower & Weeks
Illinois
5,005
14,005
Union
Dean
Weeks
Witter
&
&
Co
Stubbs.
14,005
2,000
14,000
5,000
9,000
14
THE COMMERCIAL & FINANCIAL CHRONICLE
(270)
Federal
for
Court
District
Lion Oil Co.—-Stock Distribution—
Confirmed by Court
Kings County Lighting Co.—Plan
The
the plan for recapitalization of
The Court decision
upheld the SEC in its controversy with the New York P. S. Commission.
Under the terms of the plan, common stock—which is 97.37% owned
by Long Island Lighting Co.—is scheduled, to .receive; 7 Ms % Of the
new common, stock of the revamped company.
•
•
>
This stock allocation was deemed fair and equitable by the SEC on
•
William
V.
equity in assets and should be totally excluded in the recapitalization
plan.
1 " '
' • ■
' 1
■
In determining, the. SEC-approved - recapitalization plan to be. fair
Retail
—V.
equitable the Federal Court stated- that common stockholders!
participation in the reorganized company would be far less than 7V2%
the common, whether the participation be measured by assets or
$1,307,690
860,801
116,000
79,950
78,553
693,841
39,000
revenues
pper.
Ry. pper,
earnings.:
: , •
■.
The participation would be 3.77% on-a net assets basis and a maxi¬
mum
of 5.48% on an earnings basis, the Court observed.
Out of
of $4,689,894, it stated,: present preferred stockholders
would receive $2,200,000 of preferred stock, $194,871 cash and $2,122,896
common stock
based .on; pro forma. net assets value, or a total of
385,508
398,561
7,413
7,903,
34,191
35,975
$164,973
sNet ry. oper. incomeV.. 166, p. 55.
$130,701
$1,011,592
96.23%,
Common stockholders, would -get only $172,127 consolidated
net assets applicable to all of the capital stock, or 3.77%.
:
:On an assumed consolidated net income of $326,500, common stock¬
holders would participate to the" extent of only $17,888, or 5.48%,
after present preferred stockholders received a total of $308,612, com¬
prising $88,000 of preferred dividends at 4%
and $220,612 earnings
on the proportion of new common Stock,
,
•
The 5.48% going to the present common stock actually is an over¬
statement,; the Court holds,, since participation of common stockholders
is to be junior to dividend requirements on the new preferred stock. *
Operating
Operating
Federal
Other
.
expensesv
taxes
—■
—
shares
_2———
taxes
.
173,199.
76,280
.
Net
955,527
897,429
1,141,680
-
fr.
21,413
21,413
256,958
Gross
$2,453,428
$176,941
$165,928
14
$2,296,550
$176,941
83
32,672
$166,025
$209,613
42,003
(net)r—_
Federal
Amortiz.
and
Int.
of
disct.
debt
expenses
$2,451,330
16,616
,
Net
:
4,336
deducts.
$2,467,946
506,035
;
Inventories
——
Current, assets
Current
■
liabilities
working
i
____.
capital—,.—;
1
2 5
—j.--
2,402
70,371
of
$1,000,000
000
over
a
year ago,
and
the balance at the close
over
increase
reviewed
cost
in
merchandise
43,854,686
at the end
of
market.—V.
or
the, sixth,
16,063
$1,536,311
356,532
p.
$1,179,779
Net
3395.
,'
Mav
-
-■
■
1,330,117,000
.•■•
..
;
Changes Announced-—
.'
-r -
;
j
f
M. Jasper, Treasurer since 1939, will retire
accordance with the company's pension >plan.
.;
kwh.
for
the
previous
Madison
52
weeks,
increase
an
*
Sept,
on
<'*-
.
,
$1,400,000.
approximately
liquidation,': the
Explaining ®e
Prov.
Corp,
Registration Statement
statement (No. 6984), filed with the SEC March 25
common
stock
(par $5), has been with¬
'
coal
pier.
1947
shares
construction
at
Fed.
;
1947
.
i
$6,468,644
«
Operating expense 1
:
1946'
)
$5,638,681
-
5,821,578
4,781,539
$647,066
47,166
42,166
531,000
9,233
4,500
77,665
145,155
135,122
1749,327
$132,013
$146,289
$1,697,618
$1,280,379
22,588
22,807
271,383
274,001
4,243
4,284
10,583
and
excess
tax_—
of
premium
(CD—_J
353
356
Cr4,232
Cr270
CfT8,075.
Net
income——_i
$114,010
$124,109
10,049
jl0,049
$1,448,553
120,594
$103,961
$114,060.
$1,327,959
Divs.
'
on
pfd. stock—^
,•
Balance
1,023,412
Crl5,572
26,678
Dr236,907
166,766
stock
*$9,291
23,692
$921,808
56,680
$14,401
131,681
$978,488
520,150
Net
th6
•
the
Operating
Operating
7,264,217
'
Federal
Other
142,405
•
r
at
$857,142
new
pre¬
EDS7
noon
Net
-
$458,338
•$117,280 '
"
Y.—Partial
Redemption—
1, next, for account
i
$8,700 of: first; mortgage leasehold 6% sinking
interest- Payment will be made at The Conti¬
trustee,-30 Broad Street, New York,
100 a nd
—1-.
.
$2,300,178
33
885
$161,312
$165,690
31,250
31,250
,$2,301,063
3*75,006
21,593
•
$165,657
40
259,116
—i'
adjusts.
int.
and
to
income
deducts,
10,956
construe—
7,017,
Crl,002
$119,106
$106,232
Dividends applicable to pfd. stock for period—
.___—*
Balance
"/.'V';
-V.
$2,225,932
10,358
$2,236,290
375,000
of Utility plant
chgd.
Net
$161,272
■
-
bonds—
mtge.
acquis,
'Int.
approp,
income
on
;
revenues--.
income
Gross
$3,840
res.
Voper.
Amortiz.
1947—Month—i946
1947—12 Mos.
$908,784 $13,176,408 $11,591,089
'
620,380
819,473 ; '7,655,622
6,376,159
106,157
94,483
1,383,127
1,492,838
88,999
65,171
929,481
749,168
80,000
64,000
908,000
747,008
$1,056,817
_—
___
1
taxes
Other
nental Bank & Trust Cor; successor
N. Y.—V. 165, p.
1730. ■
revenues
expenses
taxes
—
Prop, retir.
called for. redemption on Aug.
fund,
sinking
bonds
of
166, p. 56.
Period End. May 31—
$8,805,966
Int.
(The) Marcy, New York, N.
fund
shares
20 Pine Street, New York 5, N, Y., before 12
July 28.—V.
Other
$65,987
income—^
There have been
the 20.099
Mississippi Power & Light Co.—Earnings—
.675,809
102,761
int.; letc-^-u—
$9,763,209
•Deficit.—V, 165, p. 3170.
^
purchase of such of
as are not/required to effect
exchanges,
;
proposals are to be presented to the company, at the office o
mutual service Company.
The Commonwealth & Southern Corn
$679,649
,
$168,748
income—
Rentals,
the
for
stock
Such
214,355
(Dr)-
income---—7—
Gross
$879,484
$465,294
—
Net ry. oper. incomeOther
and
ferred
Dr292,752
$155,564
13,184
$l,000,07i
,120,594
Company is inviting sealed, written proposals for the purchase fron
it of $2,500,000 first mortgage bonds and for services
in obtainini
exchanges of 20,099 shares of, its presently outstanding $6 preferred
641,298
Crl,537
29,562
'
Bids Invited—.
1947—5 Mos.—1946
.,7,414,31.6
1,022,1
on
deductions-^——
(New York),
11,881
2,320,481
[900,385
income—
debt
$6,194.13C
.
454,083
Other
$0.65
•
189,998
Equipment rents
Jt. facility rents
of
"
:___
2,753,137
depreciation-
long-term debt^
on
Amort,
1947—Month—1946
$1,781,911 $1,348,059
1,408,324
1,334,363
Taxes
'
Llnes-^-Earnings—
March 31—
$6,709,132
184,410
income
Gross
RR,—Earnings—
Operating exp?nses_T^—
■
■
1947—12 Mos.—1946
$512,488
235,761
profits
$325,512
500,000
500,000
$1.25
outstanding..-—-—
Period End. May 31—
New¬
Hoefrhkh, General Manage! ot i tKe " company's 'Pershing
Chicago, .111., has been elected Vice-President in charge
Of manufacturing, effective- July 1, 1947.
David E, Davidson, who
headed the -engineering department at the
Pershing " Road plant,' has
been, appointed ;General Manager of that plant.—V. 165, p. 3053.;
1947—Month—1946
General taxes——
1946
.
$627,523
profitJ—r——•—
of
Operating, revenues——
•
under
31
:
of
sition
on
L.'
income
the SEC for permission to borrow $1,000,000
banks to complete conversion of its distribu-
plant acqui¬
adjustments—^
Amort;
plant.
3 Months
5,496,637
$569,329
for
"The President In¬
said
directers
No.
New Vice-President Elected—
Los Angeles Transit
$5,540,966
expenses—_—
revenue,
.
Operating
.
Maine Central
port News, Va., will be capable of dumping a maximum of 6,000, tons
an hour and"loading four shins" at the
same" time by use pf a belt
conveyor system and. movable dumping towers.
;
$3,906,989
3,755,963
1,151,112
mixed
Appliance
Period End. May
(The) Magnavpx Co.—Earnings-
Link-Belt Co., Phila.—Awarded C. & O. Contract—
Harold
from
.
Earnings per share——1_—j.——•
—V. 165, p. 3286.
1
The Chesapeake ^ Ohio* Rv. Co. on July 16 announced award of
contracts -te. the Link-Belt .Co. for- -dumoers and convevors to cost;
anoroximntelv $1,600,000. and to the Alliance
(O.) ' Machine Co. for
steel towers to cost
*
$1,154,536
Mississippi Power Co.—Earnings—
Net
*
Road
$7,764,640 $36,862,841 $36,455,985
5,483,325
28,337,306. 25,583,061
1,126,779
4,618,546
5,321,958
i
,
_
Gross
to make a considerable expenditure for new machinery, prac¬
tically rebuilding half of the mill, which is at present of wooden con¬
struction."-—V. 145, p, 2552.
located in San-Francisco.'
Mr. Slivon will continue as Secretary.—V, 166, p. 55.
-
$459,615
419,828
1947—5 Mos.—1946
$7,782,497 $36,977,895 $36,434,441
17,857
115,054
88,456
essary
Ij
'
Division,
level
5,357,549
644,813
covering 58,000 shares of
drawn.—V. 166, p. 160.
formed the Board that to render the mill competitive it would be nec¬
•
with Libbv since. 1929. in various
positions in Chicago, and Comptroller
and Secretary since-1942. -Mr. Hoefef has been with
Libby since 1926
and is at present office
manager "of the company's California Fruits
low
$6,461,977
and
of
(Me.) Woolen Co.—r-Votes to Liquidate—
Thg
,
plan to make the following changes at the time of
Mr. Jasper's retirement; Fred" P: Slivon will be elected Treasurer; and
Alfred J. Hoefer will be elected, Comptroller. - Mr, Slivon has been
nftw
20,962
income
The registration
•
The directors
S
$6,482,939
rev._
charges
Mission
*
ra^WftV
'
Withdrawn—
stockholders have voted to accept, the recommendation of thfe
directors and liquidate the physical assets of the company following,
a strike that has halted'production since June! 16.
t
The company is controlled*- by Deering-Milliken, Inc.,. of New York.
'
Lifebv, McNeill & Libby-r-Treasurer to Retire, Sept. .1—i
*
-
,
'
.
oper.
facilities
Int.
libby.: See V.165,
14, 1947. page 1*50, refers to .Libby, McNeill &;
160; V. 165, p. 2416. ■T.; •
,. '
,
.-".v
Samuel
as
•"
.
That part of the item appearing, under the sub-heading "Treasurer
Retire Sept. 1—New, Changes Announced." in the - "Chronicle" of
1947, -in
closely
as
at average rates.—
gas to
natural gas and for construction
purposes.
The notes will bear 2%
interest and mature $500,000 on
August and Oct. 1, 1948.—V. 164, p, 2960.
An application has been filed with the SEC in which, company pro¬
poses to issue abd sell 34.864 additional shares (no par) common stock
to be acquired by Louisville of Delaware at $25 per share, aggregating
an
investment
of •* approximately $871,600.
This will increase the
holdings of LouisviHe of Delaware in such common stock to 918,025
shares, which shares are. proposed to be distributed by Louisville of
Delaware under its-second amended; plan for liquidation.
The proceeds
to be received by Louisville of Kentucky from the issuance and sale
pf such shares, of 'stock are proposed to be used by Louisville, of
Kentucky partially to reimburse its treasury for funds expended by it
for construction.—V,; 166, p. 160.
•
:
.
Co.-—Reduces Debt—
Lehigh
New
*
approximated
«
July
p.
payment of which
•
been
1947—Month—1946
revenues
165, p. 3286,
tion
output of this company for the week ended July 12, 1947,
30,945,000 kwh., as compared with 27,998,000 kwh. for the
23.0%
Libbey-Owens-Ford Glass Co.—Correction--^
:
-
.
The company has asked
from Tour Minneapolis
of
with
period and adjusted to the lower pf
.
to
including those
have
Minneapolis Gas Light Co.—Loan—
(Ky.)—Weekly Output—
the company for
kwh., as compared
output
corresponding week last year, an increase of 10.5%.
Output for the
52 weeks ended July 12, 1947, totaled 1,643,522,000 kwh., as compared
and' Jbhe. this comDanv. anthracite mining subsidiary
Valley Coal Corp,;, purchased $78,500 principal amount of
its first and refunding mortgage 5,% bonds, series of; 1924, due Feb. 1,
1954 (stamped).
Tb«. purchases, were.made in anticipation of sinking
fund requirements. At the end of June there was outstanding $1,254.500 of said bond issue- (stamped! and $112,000 (not stamped).—V. 162,
P. 3075; V. 16.1, P. 209.
"
During
of
figures
Exchange conversions have been made
UP-
after
—V.
...
totaled
almost
166> P. 160.
Vf^le^| Coal
above
356,532
$1,544,620
—
To Issue Additional Stock—
Lehigh
$195,505
Period End. May 31—
Electric
of
$286,993
Operating revenues.
Operating expenses-.
Operating taxes
3,987
—
29,694,000
23.1%.
1946.
inventories
$113,804
Operating
the week ended July 5, 1947,
with 24,737,000 kwh. for the
corresponding week last year, an increase of 20.0%. Output for the
52 weeks ended July 5, 1947, totaled 1,640,575,000 kwh., as compared
with
1,332,491,000 kwh. for the previous 52 weeks, an increase of
$12,000,000 over
a year ago, aoproximates the increase in food price levels for the same
period. All inventories.: including i factory, warehouse, and -store, were
The
$138,556
•Uncollectible
$1,901,152
Louisville Gas & Electric Co.
The cash balance shows an increase
an increase of more than $10,000,-
of
400,000
earnings—_____
62,961
361
applicable to pfd. stock for period—
Electric
1
2.9
48,824,295
/___.
165,
totaled
'
All bank loans have been paid.
376,000
15. '46
23,549,271
32,287,958
——
Current' ratio /'
Net
—
—
200,000
Net oper.
-V.
$25,033,423 $23,987,224
51,194,326
39.592,886
81,112,253
67,403,957
——_______
—
$595,505
int^!
Michigan Bell Telephone Co.—Earnings—
245,527
;
$120,708
——u.—
Balance
June 14, '47 June
tl. S, Government securities——
$662,993
$2,334,771
500,410
$165,569
569
Dividends
FINANCIAL CONDITION
Cash and
2,385,488
$313,804
188,000
f/'ioe
V.
■
?-
■■"
.
construe.
to
income
4,193.731
$2.28
$3.63
;
2,739,943
$326,556
;
1,185,732
possible, but are subject to final adjustment when the annual
accounts
$2,296,550
38,221
—
and
chgd.
41,550
>—credit
.
6,673,673
taxes—
——i.—
annual
$2,980,993
-
1,336,552
skg, fund chgs.—
165, p. 3396.
——
mtge. bonds
on
339.995,543 236,475,155
income after deprec, and
income per common share
Net
—:
NOTE—-The
June 14,'47 June 15, *46
Sales
1947—2 Mos.—1946
$3,402,936
.
*On bonds and debenture
stock,
is dependent upon available
income.
Or2,098
$165,942
income-
income
Interest
Kroger Co.—Sales and Earnings Increased—
$
Currency).
$1,499,536
256,958
.
*"
'
55i
166, p.
and
.
—
Operating
Other -int.
24 Weeks Ended—
Canadian
(inch
operating income
of
in
1947—Month—1946
$1,663,108
oper.
.expenses
.•Accrual
2,245,400
plant leased
others
Other .income
tribute
pays
from
depreciation)
"
to the enviable record
compiled by the SEC and the New York P. S. Commission in their
administrative capacity and expressed "regret that a conflict of policy
had developed over the Kings County Lighting Co. case.—V. 166, p. 55.
Court
earhs.
.Oper.
assuming that the Federal statute is constitutional.
Net
Period End. Feb. 28—
Gross
irreconcilable
conflicts between. State
and Federal authorities arise concerning, how stock is to be reallocated,
the Federal
statutes override
State
statutes
which clash' with it,
the
(Expressed
:
.
*
'
revenues-
oper.
Income
to
conclusion
preference shares of £1 each and 2,000,000 ordinary
(certain of which have already been issued and
each
Net
belongs.
its
each.
Mexican Light & Power Co., Ltd. (&
Subs.)—Earns,—
2,078,400
.905,851
100,400
87,000
'
'Amorti$. .of utility plant
acquisition adjust.' J-
Court stated, ■ the allocation
of new
stockholders is. little better
than nominal.; The plan furthermore redistributes voting power in, a
fair and equitable manner, it said, and places voting control where it
what yardstick is used, the
common stock to present common
matter
In
of* £1
Net
Property retirement reserve- appropriation—
£l
of
fully paid and converted into ordinary stock),—V.
Co,—Earnings—>
160,759
77,333
shares
-redeemable second
1947—Month—1946
1947—12 Mos.—1946$1,148,606
$1,050,913 $14,244,303 $13,494,730
636,173
, 502,680
.
7,407,986
6,842,866
May 31—
revenues
on
July 17 voted to increase the capital of the
to £4,700,000 by the creation of 200,000 additional ordinary
£1 .each and 1,500,000 4%
redeemable cumulative second
of
" The authorized, share capital is now divided into 1,200,000 7%
pref¬
shares of. £i .each, (certain, of which have
already been issued
and fully paid and
converted into preference stock), 1,500,000 4%
$750,585
Louisiana Power & Light
Period End.
..
(England)—Stock Increased—
stockholders
preference
,
assets
when
1947—6 Mos.—1946
$6,567,223 $33,732,776 $29,997,417
3054,
erence
353,032
307,103
tax accrualsEquip. rents (net Dr)~
Jt. facil. rents (net Dr)
■
that
'
.
Up 28%—
1947—5 Wks.—1946
$8,407,973
——-—-
p.
company
shares
$5,347,285
3,686,589
214,000
663,000
83,778
"67,797
Other ry.
.
sales
165,
The
$6,466,700
3,973,848
$1,023,020
expenses——
Federal income taxes___
Ry.
of
held
July 4.—«
on
.
Metal Box Co. Ltd.
1947—5 Mos.—1946
1947r—Month—1946
Period End. May 31—
and
Court
.
Period End. June 30—
;
Louisiana & Arkansas Ry.—Earnings—
-
The
2927.
.
potential future earnings power basis,
phe New York
Commission decreed, however, that the present' common stock has no
No
L,-Maxson, President, died in Boston, Mass.,
.
p.
.
hn estimated or
total
165,
Melville Shoe Corp.—Current Sales
<
*
•
(W. L.) Maxson Corp.—President Dies—
An amendment to the Articles of Incorporation was filed on July
10, 1947, pursuant to Which each share of common stock, of no par
value, was changed into two Shares of common stock, of no par
value,'by the distribution on July 18, 1947, of one additional share to
holders of each share of record July 10, 1947.
,
The-New York Stock Exchange on July 11 directed that Exchange
contracts in the common stock on July 21, 1947, shall be ex said
distributions, and that all due-bills must be redeemed on July 23,
1947—V. 166, P. 160.
York has confirmed
Eastern New
the company.
Monday, July 21, 1947
'
.
,136,877
Cr69,673
259;116
88,905
Cr9,355
$1,599,743
$1,522,624
.266,856
266,856
I
$1,332,887 ' $1,255,168
—-
165, p. 3396.
■-
wot
oncr-t.lng
income__
Other, income
•
Z-'———!.--
—
"■
'
Ornss. ipcome
v
-
-
.
•
'n-oma
t
Net
income
Ea-n'r»s
—1
•
'
$879 097
75)812
291.014
344:760
-
-
'
;; 1,447
•
$291,014"
share
no-
'1
1
t.pxes
deductions
15,155
'
78.609
___________
fnr
Miscellaneous
>•
-$662,084
v
p-Qv'ciorj
15,018
•
on
$448,763
Maryville Electric Light & Power Co.—Sells
Parent
$0.27
,.
$0.41,
.
'
and
T°*es,
Ma""ch 31—
wages
|,!"r'ha-
.
'047.
>
paid-.^——>$3,45R 7*79—olo''ceR^,_
s
-
-.
■■
^
1946
-
•
;:
$2,750.847,
.
^
-
825
441
^
10,351.124
.4 228
"
.
$359^341\
ff>3
ijo-ykg
4.120
t
■
v ■
1945.
$2,739,929
-5 030
other,; than;Federal 'income$430,888
' ■*
,751'-'
K cars
5'ot.or- and 'i-o'iey cr>a"hes_-*_'_*^*.T'-yerne m^«s.- onerat.ed_:
$360,761
•
" >1.036
,
-
•
,
494
"9,690,616
^.^ew^e^passepgers^tarried^u-J-I^I,' ^94,6^9,8441
-
-
3395.
is
announced
that
■ V.
'l
;
;.i.i
■>"'*'■
in method
'*.n
of
■
has approved
Stock tp
Monongahela' Power Co.—Probable Financing—
■1
on
the
-
sale of
June
12
new
.publication .will ."offer
rectly !*resp6^sible
•
for, the
^
...
$7,000,000 of bonds and between
preferred Stock.—'V, 164, p. 3146.
to
of new
6 Months Ended May
Co.; Inc.,
stock of-the Embassy Book Co.,
the latter ' was changed to»the
.
Earnings per-common
$4X100,000' iand
•Loss.
..
r
to'- tne" engineers "dl-,
maintenance
-estaWishm^nts;",
165j p. 3654,;
1947
194$
$1,379,774
share——__1
..
JOn 800,000. shares outstanding,
f $1,72
*$337 985
'mi
-
.
.
,
!
of aH power ;
of medium, and .smaller -toduStrial .-plants - a,s ;
operation. and
31—
Net-profit after taxes and reserves^-—
the McGraw-Hill Book
Starting, circulation will be 20,000. -Vi
........
.
$6,000,000
$5,000,000
Motorola, Inc.—Earnings—
practical ^service
institutions .$nd, service
i ,u
h
company probably will be
in the market. later j this yean lor
early, in 1948 with a new money offering, of bonds and preferred rstockInvestment banking firms, it is said, have been forming into«
group#
to compete for the issues;.
It is thought that the offering) Willi include
from
Inc.—Expansion—
.
the
■
The
>
subsidiary, acquired all the common
Ltd.. for S60.00Q and the name of
.McGraw-Hill• Co; of Canada,; Ltd.• •. ^
'
Company also announced publication of a new magazine, • '.'Operating
Engineer,'' beginning, in October.
:
An outgrowth; of _"Power" magazine's section- -oL 'the same. name,
services ..in c thousands
■''T'tKvT0''*^iis-.pertod$^due td ohi
change
: 269%, wH s
j f.«
-pom^etation.—y."'
..-.U
p.
a
3 Months
lar^cc
Commission
S.
P.
McGraw-Hill Publishing Co.,
It
4**nr0x|rn®
Missouri
Light Co.—y,.165f
1,095,440 common shares
outstanding
1
*•
13,712
shares of common stock .of the company .to its parent,"Continental
Gas & Electric Co.
Proceeds would go to pay off. $871,200 o? debt
owed; to Continental and $500,000 would be used to defray the cost
of plant improvement.
Scheduled-improvements include $550,000 for a
new
line to connect present facilities with those of IOwa Power &
The
MOTOROLA'S SALES—Sales for the six months.. ended May 31, 194?
surpassed $21,000,000, as-compared - with • Bales: >of - $8,811 D00 for the <
,same.period, during the ;preceding fiscal year.. '
.
. >
With the. tjacklog- of ofders fiow bh' hand for home''and car
radios',
television, oommUnicatibns' equipment, and heaters, jt is, expected' that
the sales volume will; continue .at : about, " the same- ilevei as in the
second
quarter.-^V.' 165, .p; 2928.
:
.
(Continueci;on
.
page
50)
1
•
'
Volume 166
Number 4613
THE COMMERCIAL' & FINANCIAL
CHRONICLE
Stock Record
New York Stock
«»
DAILY RANGE OF PRICES
Saturday
Monday
July 12
Tuesday
July 15
July 14
f per share
85
83
*99
105
105
9
9%
51%
51%
16'/a
83%
9%
-
821/2
♦102
9%
52%
16%
16
1 per share
82%
110
9
79%
*101
9 per share
82
801/4
106
8%
52%
16Va
the Week
80%
*100
8%
52'A
16%
50
16%
16%
*46
161/4
*46
49
46
46
46
33%
8%
♦33%
33%
8%
8%
33%
107
33%
*106
5%
5%
27%
27%
97%
*96
3%
Straus..
Motors, Co
2.50
Acme
*106
26%
39%
4
19%
371/2
*19
189
5
3%
'
Express
Admiral Corp
Reduction
Alabama
&
Vicksburg
5,400
Aldens Inc
33/4
4%%>
3%
38
13,200
4,100
65
200
38%
38%
*95
4,300
98
19
19
18 3/4
189
190
188%
—
18%
—
800
190
2,700
5%%
21%
20%
20%
20%
20%
20%
20%
32%
32%
*193/4
33%
20%
700
32
Allied
Kid
32%
32%
323%
38
323A
323/4
1,700
Allied
Mills
8,400
Allied
Stores
37'%
104%
38
38%
1041/2
37%
97%
971/4
28%
28%
6%
38%
371/4
371/4
37%
104%
*104%
1043/4
104 V4
1041/2
37Va
38%
37%
38%
37%
38
971/2
98
*97%
98
97%
98
27%
27%
1,600
27%
28
7%
27%
7%
273/a
7%
2,000
7%
7'A
71/4
27%
6%
37%
28%
37 Va
*104%
971/4
104%
6%
*48
50
*48%
88
89
88%
88%
43
42%
42%
*42%
9%
10
50
9%
51
88%
703/4
73/8
*48%
51
93%
87%
89
43
41%
413%
10
9%
71%
25%
26
25%
261/4
67
67
13%
13
13
12%
12%
123/4
441/4
44%
44
443A
42'%
44i/2
125%
125
42%
126
5%
53/4
5%
93%
94 V4
93Va
189%
190 «/2
48V4
103
5%
190%
47%
48
103%
23 3/8
104
24
160
23%
*105 3%
163
22
21
X34
5%
1591%
161%
*22V»
12%
12%
123/8
1,000
American Bosch
4,500
Am
42%
42%
127
6
43%
♦125
6V4
126
6
94
189%
92
191%
47%
49V4
*102%
104
23
106
*150
158
24,300
93
0
3,800
'
191
192
47%
5,500
103
2,900
105%
159%
1591/2
22%
450
22%
213%
21
22'%
21%
21 »/4
1,100
*203/4
21%
American Chicle
American Colortype
98V4
99
99
1,100
323%
33%
33%
333%
*32%
34%
•5%
5%
5%
100
60
33%
5%
*5%
18%
16
16
16%
•16%
5%
16%
19%
16%
20%
20
20%
20%
4
19%
4%
4
19%
4%
103
103%
1,600
16%
19%
♦15%
102%
102%
4
*
101 %
5^8
4%
103
5%
4
900
700.
10.500
4%
102%
14,100
102%
1,100
19%
6,900
19
19%
18%
19%
19%
20%
18%
90
19%
90%
91
91%
92
92 %
*91%
37%
7%
38
92 %
♦91
92
37%
7%
37%
*37
37%
800
*53%
55%
25%
37%
55%
24%
25%
7%
7%
105
•98
11%
37%
37%
37%
7%
7%
7%
7%
55%
*53%
*
11%
♦54
24%
25
24%
55
24%
24%
8
8
8
8
♦98
105
*98
105
♦98
12
12
11%
'11%
11%
7%
12%
♦13
13%
*13
13%
♦13%
13%
24
24%
24
24%
23%
24%
114%
*113%
114%
114%
24%
2,800
34 Va May 16
8
10,200
8
1,600.
105
12
12%
*13%
4,200
13%
100
23
23%
10,000
*114
114%
400
48% Feb
18
38
Jan
104
Apr
12
91%
Oct
22
Feb
14
17% Oct
190
Juyl 14
22% Feb
7
154
Oct
35 % Feb
7
39 % Feb
99
Feb
35
10
4
Jan 23
8% Feb
30% Nov
91% Nov
25
Sep
6% Oct
3
51
Apr
89
July 14
9
44% Mar
11% Apr
6
Nov
44
Oct
64%
Sep
37% Nov
11
9
Nov
Jan
61% May
113
July
26
Aug
212% Jun
29% Jan
39
Jan
63% May
108
July
62% May
95% Nov
39% May
12% Apr
75
Apr
91% May
B3% Jun
19%
Apr
57% Nov
74%
Oct
67
45 %
Jun
77% Jan
7
72%
Oct
9
88%
Jun
17% Feb
5
12%
Nov
30
Jan
Oct
64%
X137
Apr
May
Oct
17%
Feb
Jan
36
xl25
l
36
94
Tiling
Amer Internat
Corp
American Invest Co of
Locomotive
7% preferred
3
15
99
Mar
193
36%
129
5%
8
106%
28
Jan
Oct
184
Dec
210% Mar
Nov
72% May
132% Mar
40% Jan
150
Feb
54% Feb
1
42
8
10
96% Oct
21 Va Nov
163
May 21
95% Jan
6
104
July 14
120
164%
Jun
34%
Apr
Mar 12
108
Jun
Jan
41% Nov
75
July
7
24
4
22
% Sep
Sep
17% Oct
20Va Sep
97% Dec
2b % FeD
Feb
102
25% May 19
46
8
if
l
3% May 19
No par
13
6% Feb
Sep
11%
Feb
Oct
23%
Jun
July 15
17%
Nov
28% Aug
14% Jan
6
6% Feb
115% Jan
89
Jun
18
37% July 14
__1
5% May 19
Jan 16
49
23
6
100
90
No par
1
12
Apr
No par
Sep
18
Oct
101% Feb
90
Sep
37% Sep
42% Apr
8% July
55
27
10
10% Jan
24
Apr
23
106% Mar
12% Jan
14
30% Feb
116
7
31
Jan
129 % May
44 Va Apr
118
May
55%
Jan
5%
Jun
X34 Va Jan
18% May 19
110% Jun
4
100
100
15
May 19
5% Oct
8
25 % Feb
May 16
9% May 17
■
5%
13 Va
16% Jan
20 Va
2 Va Jun
10
Jan
7
10
16
100
Apr 25
14% May 19
No par
32%
31
Jun
16% Jan
40
Sep
79
28% Feb
110
Feb
20
Dec
1
115% Jan
1
111
Feb
7% Feb
May 21
No par
American
50
133% Jan
May 21
50
preferred
17
134 Va May 20
19VaJun
5
No par
American Home Products
American Ice
Jun
20 % May 21
105 % July 18
No par
No par
preferred
July 15
May 19
May 19
37/8 May 19
86% May 19
184% Mar 21
20
preferred
non-cum
Jan
25%
100
American Hawaiian S3 Co
American Hide & Leather
6%
82
7
100
Amer & Foreign Power
$7 preferred
$7 2d preferred A
conv
Oct
Mar 26
100
European Sees
6%
52%
Jan
No par
American Export Lines Inc
$6
July 15
80
No par
Encaustic
Jan
65 Va
31
10
Amer
69%
May 19
20% May 19
10
American
8%
Oct
7
Va May 19
Aug
Oct
16
66
Co
100
25%
7%
13%
113%
7%
54
*98
24%
113%
7%
54
8
104
13%
114
18%
7%
24
114
par
Crystal |3ugar
4%% prior preferred
Amer Distilling Co
800
*53%
Mar
American
*981/2
26
Jan
No par
preferred
22%
20%
7%
conv
Jun
247/8 May 19
5% May 19
103
3%
99%
100
Fdy
21
19%
103
5%
Dec
Mar
12% Feb
61% May
29%
8
No par
preferred
98 V4
33%
4
non-cum
90%
4
135
Feb
9
30% May 19
100
21%
22%
•15%
3%
•101
7%
7
5% Feb
Jan
20% Feb
69% Apr
44
39 % Mar
73
Corp
Am Chain & Cable Inc
70
101% May
Oct
May
1
Preferred
&
Nov
104% July
91
25
Car
Sep
25
Feb
x50
50
5% %
American
5
2
19
lo
Co
preferred
Cable & Radio
8
16
46
Corp
Shoe
18
18
100
American Can
500
23
22%
1053/s
Brake
Amer
530
48V4
103
23%
*1053/8
160
6%
*
23%
106
110
Feb
6% Feb
31 Va Jan
Jan
1
pfd
American Bank Note
6%
preferred
70%
112
Nov
18% Dec
29% Sep
31% Nov
50
conv
*68%
May 17
par
Airlines
cum
99%
22
*98%
34%
5%
161
21
99%
104
231%
*•1053/8
2,500
3%%
May 19
Jan
99% Feb
1
Petrol
Corp
No
Agricultural ChemicaLNo
American
13
30
100
Amerada
Amer
Jan
29 % May 17
100
preferred
69'A
92%
47%
*102%
23%
106
1601/4
22%
20%
*9 61/4
47
26
*125
6%
931%
191
190
48%
*103
126
53%
92
191
106
106
126
94
*251/2
69%
69V4
2,600
8
No par
No par
conv
Jan-
18
No par
6%
Jun
104
July 2
15% May 19
164
May 20
5
Alpha Portland Cem
Amalgam Leather Co Inc
68%
41%
33
No par
Corp
Feb
1
93
4% preferred
Allis-Chalmers Mfg
3% % cum conv pfd
—
46,100
2,000
9%
69V4
—
200
71%
13
26%
—
87
9%
68
68
2,700
423/4
711%
26%
71%
♦25V4
87
*41%
93/8
70%
27
71
600
13,500
51
71%
691/4
♦125
*47
88%
*41
10%
701/4
♦48%
38
24%
38"% Feb
56
No par
Inc
Oct
Jan
23% May 19
25% May 19
1
Dye
Co
Feb
13%
10
Dec
100
Co
30%
55
Sep
10
Deo
May
523/4 July 18
17% Pel)
1
8%
Jan
91
169
Nov
24%
9
Highest
I per share
8
44%
32
gtd
Allen Industries Inc
Allied Chemical &
61% Apr
105% Oct
7
1
No par
Alleg & West Ry 6%
July 15
10% FBD
share
per
6
92
1
Alghny Lud Stl Corp
106
7
10% Feb
4
Apr 14
18% May 19
preferred A
100
prior conv preferred-No par
$2.50
87% Jan
37% Feb
105
100
Allegheny Corp
I per share
29% Jun
5
preferred
May 19
Lowest
May 27
30% May 16
6
May 19
10
common
37 %
97
13 Va
100
Alaska Juneau Gold Min
1,000
32
37V4
Ry
4
38
1
Inc
Jun
6% May 21
Apr 19
No par
Air
% May 20
90
1
Address-Mutigr Corp
share
43 Va
No par
10
21
104%
4
per
66
■
10
5Va
37%
98
Adams
Co___
Adams-Mills Corp
973/4
*63%
65
393/4
*94
189
20
Steel
com
26V4
26%
*96
38%
38%
19%
107
•
3%
98
187
5%
26%
*63%
39%
107
97%
38
65
♦94
19%
*18%
5%
26%
38%
39%
107
*96
4
*64
98
♦187
5%
3%
40
*94
190
*106
97%
65%
%
107
5Va
38%
18
2,100
17,600
26
65%
186%
81/4
333/4
*96
38
98
8%
331/4
5%
64
*94
100
8V4
34%
97%
391/4
40%
333/4
8%
33V4
27%
64
♦33V4
8Va
34%
5%
3%
33%
8
271/4
*96
4
39%
33%
300
33
33%
107
38%
CLOSED
A
ACF-Brill
46
*33%
8%
EXCHANGE
Abraham
$
No par
No par
20
16%
50
33%
33 %
Laboratories
3,200
523/4
*46
*105
Par
Abbott
Year 1946
Lowest
2,500
7,300
"9
*8%
52%
52
*33%
STOCK
2,900
106
Range tor Previous
Range Since January 1
Highest
EXCHANGE
Shares
"
9
52%
•
STOCKS
NEW YORK STOCK
Sales for
Friday
July 18
July 17
1 per share
106
52%
16%
Thursday
July 16
< per share
84
Wednesday
Exchange
WEEKLY VOLUME OF TRAOING
FOR EVERY LISTED ISSUE
YEARLY RANGE OF SALE PRICES
9 per share
(271)
18
10
Jan
9
Oct
12%
44%
Oct
63
Jan
35%
Nov
31% Dec
8% Sep
99% Jan
9% Sep
11% Mar
22Va Nov
111
Sep
Jan
18% Mar
118
May
16%
Jun
15%
Jun
44%
119
Jan
May
LOW AND HIGH SALE PRICES
Saturday
Monday
July 12
July 14
I per share
9 per share
Tuesday
July 15
f per share
21%
21%
21%
♦95%
96%
*95%
*11%
30%
11%
32
148
11%
31%
♦143
22
96%
*95%
11%
*10%
31%
31%
*143
148
Friday
July 17
July 18
< per share
21%
21%
21
96%
96%
96%
*96
11
31%
148
11%
11%
11%
11%
11%
11%
35
34%
34%
33%
33%
11
11
31%
31%
11%
♦33
147
*144
News
111%
111%
1113/4
112
111
103
103
102 %
103
101 %
102%
101%
107%
108 %
12%
13
17%
18%
36
61%
61%
35%
145
18
*35%
170
35%
145
32
107
12%
35%
169
14%
60%
14%
*181
32%
14%
*181
15
186
31%
32%
30%
105 %
1063/4
106%
106 %
13
106%
12%
18%
18
37
*35%
61%
35%
60%
35%
170
13
13
18
18%
37
*353/4
61%
171
60 %
170 %
13
18%
37
613%
172
•
35%
148
*145
32%
32%
35%
148
33
35%
*145
32%
35%
148
33
26%
27%
27%
27%
27%
27%
27
26
27 %
27%
27%
♦26%
27%
27%
40
27%
40%
40 %
138
142
•46%
47
47
157% 157%
♦75
77
77
157 Va
77%
77
159%
76
159%
159
♦118%
•101%
*101%
39
40%
•95
99 Va
8
38V4
♦94
*84
85
Va
8
38%
53%
44%
110%
56
65
65
37%
38 Va
7%
*62
37 Va
85%
543/4
543%
44%
44%
44%
*54
19%
19
♦13
4%
*4%
33%
33V2
33%
page
25.
111
54%
19%
15
43%
35
•110V4
54%
183%
•13
4%
34%
84%
8
54
111
54%
19 Va
14%
4%
35
393%
84%
*62
44%
103
963%
65
111
163%
963%
8
441/3
1101/4
14%
*84
.
98
543/4
4%
see
38%
37%
54%
56%
18%
•13
*101%
39%
38 3%
54%
8%
65
101%
2,500
14%
18,500
186
31%
28,100
107
490
123/4
4,400
173/4
1,400
11,300
169%
*35
*145
31%
27%
169%
380
353/4
500
148
Stand
San'y
Stove
*393/4
40%
1,200
American
Sugar
1563%
753%
700
157
23,100
76%
900
763%
4,600
163
450
54%
118%
420
16%
17,000
Am
23,700
American
16
*101%
102 Va
373%
4,500
38%
*93
84%
7%
♦62
$6
99
100
84%
400
7%
4,500
65
100
55
53%
54%
45
1,380
44%
44%
♦110%
♦533%
1103%
800
110
543%
1,000
18%
19%
6,900
*13
14%
43%
43%
*4%
4%
34%
34%
34%
35ya
—
.
,
800
2,700
Tobacco
1st
Wks
60
Apr
Sep
22%
Jun
9 Va May 19
16% Feb
24
10 Va
100 % May 19
129% Feb
21
117% Feb
90
May 19
11% May 19
176
Jan
24% May
May
10% May
15 % May
99
21
19
&
Jun
25
37% Feb
7
183
X173% Nov
27% Jan
109% Feb 24
16% Feb 10
22% Feb
4
14% Dec
20
95%
19
Feb
,
61% July 14
45%
Sep
May 19
172
40
July 17
165
Mar
5
Jan
6
34% Dec
160
Jan
Oct
73% Jan
191
Apr
50% Feb
18
158
25% May 19
37
Feb
8
27% Nov
23 %Jun
60%
28
Feb
10
25% Dec
43
29% Jan
7
24
38% July
68% Feb
21
Apr
Aug
Feb
48 %
Sep
33
20
Apr
33
144
Feb
Feb
42% Aug
108% July
33%
39% Feb 24
159
23
186
62
27
May 19
May 14
133% Aug
123% Aug
Sep
Jun
Jun
lo
3
May 17
May 19
x45
Jan
2
146% Feb
24
54% Feb
11
Sep
38% Oct
138
Sep
47%
Jan
172
168
Apr
Feb
May
Apr
67% Apr
100
149% Jun
19
25
62
Apr
61% Apr
15
82% Feb
5
73
Oct
99% May
19
84% Feb
5
76% Oct
100% May
25
151
14
41 Va
>100
Glass
12% Nov
34
Elec
No par
—No par
12
Corp
preferred
Anderson, Clayton & Co
Anderson-Prichard Oil Corp
Andes Copper Mining
A P W Products Co Inc
Archer-Daniels-Midland
May 17
9
May 19
174% Feb
163
4
July 18
58 % Jan
3
119% Apr
9
159% Nov
Sep
48% Oct
174
78
July
May
121
Jun
28%
Jun
110%
Feb
187/a Feb
8
30
16
50% Feb
13
102% Sep
29% Jan
May 23
68% Jun
5
110% Feb
13
100%
103% Feb
13
87%
26% Jan
90
No par
1
5% May 19
Dec
Dec
70% Jun
182% Jun
106% Nov
15% Jan
10% Jan
6
7
May
2
30% May 19
69% Apr
1
64
Deo
5
35
Oct
61%
45% Jan
25
57% Jun 26
41
51
4
38
Sep
Sep
60% Jan
62% May
111% Mar 10
108
Dec
xll4% Mar
x64% July
62
50
No par
15
12.50
x41
July
No par
109
Jan
2
46% Jan
16
21%
2
42
Mar
Jan
58% July
7
.
14% Apr 15
19% July 18
15%
20
13
16
5
Jun
17
3% Jun 17
:
30
Apr 29
Sep
43% Jan
10
No par
Jun
116% Sep
13% Oct
106 % Jan
July
200%
150
9
101
No par
Cable
Apr 17
116% Jan
100
Wire
97% Jan
88% Jan
7
14
May 20
Corp
&
21
Feb
17
21
40
Amer Zinc Lead & Smelt
$4
Oct
116
Co
preferred
Woolen
Hock
133% Dec
Sep
—No par
$5 prior conv preferred
Anaconda Copper Mining
Anchor
July 17
11
34
prior preference
Anaconda
147
34%
100
Preferred
Conv
9
43% Jun
163
July
17% July
7
100
Viscose
preferred
Water
Jan
45% Mar
24
No par
No par
No par
Refining
American
5%
Oct
100
preferred
533%
23%
No ytr
Co
Amer Telep &
Teleg
American Tobacco
Common class B
118%
Jun
32% July 17
100
Preferred
Am Sumatra
6%
Jun
25%
Oct
No par
Stores
500
106%
Nov
21%
14% Feb
5
Foundries
American
American
50%
Nov
12%
25
300
140
98
3
39% Feb
100
1,200
49
15
10% Jun 30
No par
preferred
27%
140
Jan
15% Feb
28% May 27
10
Preferred
American Snuff
Steel
6
101
134
100
Building Co
Smelting & Refg_
non-cum
Jan
x25% May 19
No par.
Ship
Amer
28
No par
com
American Seating Co
Amer
Highest
I per share
10
94% Apr 19
9 Va May 23
100
27 %
44%
14%
&
$ per share
Nt> par
No par
*26
543%
19 Va
Light
Rolling Mill
4% % conv preferred
American Safety Razor
6%
16,600
54%
&
I per share
1
American
Amer
37%
18%
Rad
10
36%
54
$5
Am
Power
Lowest
No par
preferred
preferred
8,300
373%
*13
$6
32%
37%
*110'% 111
Amer
Co
Co
Preferred
61
753%
119
2,000
59 %
162%
16 Va
111%
210
76%
118%
23,500
37
76 Va
162 Va
163%
103
*95
173/4
76
118%
*102
493/4
12%
113/4
*36%
76
162
X117%
16%
-
40%
140
1563% 157i/2
54 Va
86
38%
493/4
55 3%
98
8%
75%
763%
162
40%
*1373/4
x54%
39%
65
•60
76%
160
16%
103
48%
158 Va
75%
76%
119%
16%
7%
48%
763/4
*118%
40%
140
157%
159
119%
17
footnotes
47
56%
103
85
40%
♦135
158 Va
56%
16%
For
40%
138
563/4
56
14%
*181
107
26
•139
'
32%
169%
32%
15
186
♦31%
168%
•145
32%
15.
186
11%
18% Jun
100
Molasses
103%
31%
preferred
American
12%
9 per share
No par
No par
Ltd
American
103%
♦181
6%
Metals
Co
Year 1946
Lowest
No par
100
preferred
&
Metals
700
CLOSED
15%
50
cum
Mach
500
12%
32%
Amer
11%
112%
186
Amer
Fdy Co
34%
12%
14%
3.90%
600
&
*11%
111%
31%
Mach
*33%
12%
♦181
Amer
4,700
147
Range Slnoe January 1
Highest
-
Par
11%
112%
ll3/4
EXCHANGE
341%
12%
,
50
11
32%
112 %
12%
4,400
Range for Previous
NEW YORK STOCK
8hares
96%
11
EXCHANGE
11%
-
21%
31%
146.
STOCKS
Bale* for
the Week
f per share
22
34%
STOCK
Thursday
July 16
I per share
21%
♦143
Wednesday
Oct
Jan
29
6% Feb
21
13% Sep
4% NOV
1 7
OR 5/.
• O
WoK
VTor
90
May
Feb
27% May
24% Feb
10% Feb
41% Deo
15
16
July 12
July 14
share
$ per
share
S per
$ per
share
$ per
$ per share
14%
14%
14%
15%
122%
121
1211/a
*120%
1211/4
121 %
122%
173
174
1731%
175
14%
14%
15
47%
105%
105%
105%
16%
161/2
16%
18%
13%
Associated
18
8,700
230
122
*126
200
118
119
120
*118
120
119
121
122
54
54
54
54
*54
55
55
55
55
85%
87%
87%
88
88
87
88
87%
106
55
55%
54%
28%
2&%
28
28
54%
54%
29
281/2
28%
55%
54%
28%
28
.
*70%
73
*70
73
*70
38%
37%
38%
37%
37%
1121/4
112%
112%
112%
112%
101%
101%
101%
101%
101
101%
1011/2
26%
26%
26
26%
25%
261/4
26
66
65%
66
64%
65%
65%
120
*120
27
120
*25
7,600
400
*25
8%
8%
15V4
151/4
23%
24%
23%
24%
23%
23%
22
22%
22
22%
*211/4
22
6%
6
6i/a
6
4%
15
22%
22%
*20%
21%
Dec
12
Oct
Feb
363/a May
4
13
203/8 Feb
132% Feb
14
20
112% May 16
13
4
124%
Dec
153
May
Feb
4
125
Dec
148
May
134
17
46%
56
July 18
66
May 19
99
Jan
2
May 23
112
Feb
10
100
Aug
323/a
Jun
58
Oct
Oct
Aug
121
Sep
78
10.0
403% Apr 17
30
Nov
100
May
Jun
125.
10% May 19
183/4, Feb
15
13
Oct
29 % May
No par
40% May 17
59
Feb
13
45
Sep
83
Jun
23'% Jum
343/4 Feb
100
25
TOO
100
5
62
preferred-
15
263/4
Dec
49
% May
29
Mar
77
68
Dec
94
May
8
31
19
393/8 July
15
105
■
Feb
15
113
98 3/4 Apr
14
Nov
51% May
Nov
1
130%
Jun
343/s
Apr
973/4
Jan
102% July 18
57
Apr
22%
Mar 19
x533/4
Nov
July
9
114
Nov
Jan
30
25
Sep
40 3/4 Aug
12 3/8 Feb
10
10%
Nov
25%
68%
18
113/2 Aor
Oct"
8
26% July
21% May 19
22
121
27%
22% Mar 11 '
No. par
.
4
22
31 '/a Apr
100
preferred
conv-
Jan
107% Jan
No par
Powder
135
Jun
Jun
par
5% May 16
No par
13 Va May 19
18% Feb
18
16%
Sep
23% July
5C
19% May 14
29% Jan
29
18
Nov
373/4
of Amer—5
xl7% May 13
273/4 Jan
27
15%
Oct
32% Aug
7% Feb
8
6%
Nov
14%
Feb
Oct
83%
Feb
Nov
38%
Jan
Nichols—
No
pfd ($1.20)
Co
Autocar
Automatic Canteen Co
Jan
'
5%
6%
43%
44%
43%
43%
43%
43%
*41%
41%
800
43%
15
14%
15
14%
14%
*14%
1,000
$2.25
14%
14%
19%
20%
19%
19%
19%
20
19
19%
20%
15%
19%
13%
14%
14
14V4
131%
14
13%
14i/4
13%
13%
18%
19%
181/4
19
19%
4 7o
19%
19%
8,200
19
18%
13%
14
14.
14
13%
13%
13%
1334
13%
1,100
Bangor
Baldwin
Baltimore
41
May 16
49
Feb
13V4 May 27
16
May
13
Works
16% Mav 19
24% Feb
39
11
100
'
preferred
17%
16% Feb
Va May 17
11
Oct,
30%
Jan
25% Feb
7% May 17
TOO
Ohio—i
&
4% May 19
1
No. par
;
Inc.
T.),
Locomotive
15,100
33,100
.
3
preferred
conv
Babbitt : (B.
15
■
(The)-'
Mfg Corp
Avco
37,900
43%
18%
18%
Jan
100
Refining
3,100
.
112%
—_1
2,700
6%
6
61%
6
Jun
Nov
10
Conv prior
500
15
14% Apr
111
102
July
173/a Feb
10 % May 19
No par
Corp
Austin
14
1
100
100
'
Atlas Tack Corp
900
21%
20%
,
Atlas
8
15
22%
870
.
22%
xl5
15%
*15
19
pref series A_
Preferred $3.75 series B___
40
27
8
8%
*7%
8%
8%
8%
15 %
8
15%
% May 26
conv
Atlas
118
*26%
27
17
Goods——
Dry
non-cum
4%
3,700
6 61/2
65%
118
Feb
W I SS Lines
Atiantic
1,520
26
26
120%
*26%
27
*26
27
*118
120%
*118
120%
5 %
38%
66
110
Atl G &
112%
102%
26%
64%
6
Atlantic Coast Line RR
37%
101%
102% Jun
1,000
1121/4
38
112%
101%
No par
Corp—„—5
Inc
F
May
7
preferred
T
65
Jan
2,300
.
72
*70%
73
37%
112%
37%
*112
A
4,600
13%
54%
55%
55%
28%
73
13%
13%
14
*70
14%
14
13%
5%
.
Jun
Sep
42%
55
Topeka & Santa Fe„
Atch
400
172
10
2d preferred
Assoc Investment Co
9,100
88%
139
Oct
38% Jun
T/e
6Q0
56
106
106
106%
*106
13%
14%
13%
106%
*106
106%
*106
106
,
871/4
Sep
125
182
preferred-
1st
6%
112
130% Jan
May 19
No par
18% May
Sep
24
May 21
140
No par
Artloom Corp
126
126
123
118
-
300
2,900
17%
18%
126
123
CLOSED
16%
13%
13%
18%
126
107
10%
6
Sper share
July 18
109
10o
$3.75 preferred
Arnold
Constable
660
153/a Mar
No pay
preferred
Armstrong Cork Co—
1,200
46%
*161/4
16%
5,670
182
106
107
13%
18%
126
126
1261%
46%
*16%
13%
13%
18%
18%
18%
18%
13%
12%
12%
12%
STOCK
EXCHANGE
177%
47
*106
106
*16%
16%
177
47
47%
106
106
176
176
*46%
47%
47
47%
*16
174%
Tic
preferred
$6 conv prior
Highest
Sper share
$ per share
93/4 May 19
5
& Co of Illinois—
4,100
126
123
Armour
104,900
15%
14%
14%
122%
Year 194(5
Lowest
Highest
S per share
Par
Shares
$ per share
share
Lowc.t
EXCHANGE
the Week
July 18
July 17
July 16
July 15
Range Since January 1
STOCK
YORK
NEW
Sales for
Friday
Thursday
Tuesday
Saturday
Range for Previous
STOCKS
HIGH SALE PRICES
Wednesday
LOW AND
Monday
Monday, July 21, 1947
FINANCIAL CHRONICLE
THE COMMERCIAL &
■"TOS
(272)
18%
Oct
47%
Jan
B
54%
25%
26
16%
22
*47
47%
25%
*25%
25%
51%
51%
28%
29 %
28%
29%
4%%'
20
Works
16
16 %
16
16
15%
16%
2,200
Bath
22%
22%
23
23
24
3,800
%
48%
48
48
106%
•105
*47
48
*105
106%
7%
pfd—-!
conv
Mills.
Inc
73/4
35
73/4
2,200
Beech
40
Beech
Creek
31%
31%
31%
31%
31%
31%
31%
31%
1,300
15%
15%
15%
15%
16 %
16%
16%
2,300
13%
13%
13 %
13%
13%
13%
1,600
Bell
Aircraft
21%
21
22%
23 %
24%
22%
22%
3,300
Bell
&
106%
*106y8
106%
15%
13%
13%
*13%
20%
20%
15 %
21
106%
*106
106%
*105
106
106
*106%
13
34%
34%
34%
34%
347/a
34
343/4
33 %
333/4
21%
21
21%
22%
23%
22%
23 %
22%
233/a
28,200
24%
24%
24%
24%
24%
24%
24%
243/4
24%
24%
98
98
98
'
98
*96
98
*95%
97
97
*95%
29%
30
29%
30%
30%
30%
30%
303/4
23%
24
23%
24%
23"%
24%
23%
24
90%
92%
90
91
145%
145
145
*144
16%
16%
16
16%
.29%
30
30
30
17%
17
17%
16%
17
16%
16 3/4,%? ~
28
27%
28%
27%
28%
27%
28 %
tt-16%
/ 27%
T
50%
.
'
17
16%
*29%
50 %
51
16%
16%
36%
36%
37%
38
40%
39
39
163/4
17%
17%
17
17%
43%
43%
43%
102%
103
103
30%
30
30%
30%
303/4
30
43%
44%
44
441%
44
48
48%
48%
48 3/4
99%
*98 3/4
99%
*98%
5
5
4%
9%
9%
9%
4%
4%
4%
37%
373/a
10
'
■
Nov
83%
Jan
6
31
Nov
46
x20% Feb
10
15%
Oct
30%
Feb
Black
Decker
&
$2.25
Inc
_No par
Class
class
Co
-5
Corp—100
preferred
Boston & Maine RR (assented)TOO
5
Bower Roller Bearing Co.
4%
700
93/4
9%
'
) *72
Borg-Warner
1,900
38
Brewing
15%
15%
15%
15%
15%
14%
14%
<■
35%
35%
35%
35
35%
35
35%
34%
35
34%
28
28%
28
28%
1,900
Briggs
44%
44%
43%
44
1,500
*106%
107%
106%
2iy8
30%
30 %
30%
108%
109
90
21%
21
20%
21
2,200
21
31%
31
*K)4
105%
*24
24%
105%
105%
*104
24%
*243/4
25/4
24
243/4
17%
17.
17 »/4
16%
17%
*83
84%
84%
"
83/4
84%
*
29%
29%
29
100%
11%
12%
100%
11%
83%
:
30%
31%
100%
*100
iid%
20%
34%
34%
34
34
33%
33%'
20 %
19%
20 y8
19%
20%
19%
20%
100%
100%
99%
100%
♦99/4
<
•
20%
20
89
89
*89%
90%
*83
90
*83
90
13y4
*77%
15%
*77%
18%
15%
15%
100%
99
4%
18
18
99
99
4
17%
18
17%
243/4
25%
25%
LOW AND
nrday
Monday
uly 12
July 14
share
t per
%
53%
2%
2%
7%
26%
18%
7%
26%
Thursday
f per share
1 per share
23%
28%
28%
29
54%
54%
*53%
55
2%
2%
2%
7%
26%
7%
26%
7%
*26%
.
16%
16%
16%
16.%
128%
129%
129%
127%
29%
"
*54
23/4
STOCK
EXCHANGE
*44
*22 3/a
44%
*44
45
23%
♦22%
23%
*44
22%
29%
.
55
2%
27
2%
7%
7%
7%
26%
16%
'
127
•/
153/4.
27%
16%
2%',
7%
27
15%
10
23
Oct
42%
Jun
Bros
23
12%
12%
12%
12%
12%
21,800
65
65
65
*64%
65%
500
14
133/4
13%
200
*22%
12%
12%
64%
*63%
13%
14%
*13%
14
*54%
55
54%
119%
120
118%
34%
35
35%
35%
35
*133/4
*54%
55
119
*118%
119
35
34%
35
*45%
46%
46%
46%
46%
46%
*45%
46%
16%
17%
17%
17%
17%
173/4
17%
17%
38 3/4
39
footnotes see page 25.
'■
39 3/4
.
%
393/4
39%
39%
40%
54%
119
40%
330
23
64
54%
13,900
23
12%
54%
1,800
16%
22%
64%
34%
27%
*43%
■
200
180
54%
54%
118%
118%
190
35%
1,900
*45
463/4
200
17
17%
6,800
40%
:
—
Byron
Jackson
40%
25
Oct
38%
11
36% Jan
31%
Sep
45% May
Jan
14
106% Apr
Oct
1103/b Mar
27% Feb
May 14
Sep
Jan
14% Feb
86% Feb
1,000
&
$3
Carpenter
Nov
38% Feb
10
33
Nov
22% Feb
17
16%
Oct
1043/b Feb
15
053/4
Dec
111
Mar 12
84%
Dec
97
Dec
II93/4 May
102% Aug
Nov
95% Jan
2
80
84
Jun
100
May 19
-
108 % Mar
46%
Jun
59% May
26% July
Mar
4
95% Jan
12% May 19
15% Feb
8
13
9% Feb
8
22
Nov
153/a
Jan
75
Oct
98
24% Feb
7
203/4
Nov
39% May
6
May 19
Jun
6
72
88
11% Mav 19
July
100
'
1
19
6
108% Jan
6%
105
4
<
Sep
213/4
110
Feb
10
Oct
9%
21% Feb
10
15
Oct
35%
Jan
3
99
Oct
July
7
19% NOV
6
3% May 17
4%
Jun
Jan
May
May
Jan
Feb
112% July
40
May
Range for Previous
Range Since
f
per
class
A—1
10
53
2
$
per
share
21%
Dec
47%
Apr
53
Oct
58
Apr
8
3
Sep
7%
Feb
8% Feb
6%
Oct
12 3/4
Jan
30% Feb
7
7
20 3/a
Oct
40 3/a May
17% Feb
,10
Feb
10
Jan
5
Nov
18
July
Nov
147
May
Oct
58
Jan
24
Dec
253/8
Deo
13
11%,
Oct
22%
Feb
Mar 18
513/4
Nov
733/4
Apr
14% Feb
1
12%
Oct
21% May
57% Feb
18
50
Oct
59% May
Jan
39% Jan
9
2
7
19% Feb .18
413/4 Feb 24
112
50% Feb
39
132
1
48 3/4 Feb
18
May 19
25% Feb
.20
9% May 17
153/a Feb
19 %
56
Jan
70
17
11
Apr
50
May 26
14
119i Mar 29
30% May 20
5
10
40
50
353/4 May 19
14
12 % May 19
Apr
Highest
I per share
3% Feb
Mar 15
423/4 July
$ per share
29
29% Mar
X55
22
12 5/a May 13
116
Lowest
Highest
share
Jan
Year 1946
January 1
Lowest
100
Light Co—-100
series
Feb
Oct
Deo
18%
26
& Ohio Ry
—
45%
25%
.
A
Carrier, Corp
Preferred 4%
Jun
06%
21% May 19
Steel Co—
Jun
99
18
Hecla Cons Copper——5
&
22 Va
Oct
11
May 14
Power
Oct
23% Feb
6% May 19
preferred
9%
70%
31% July 17
243/4 Apr 28
Carolina Clinch
Carolina
Feb
7
18
•
102% Apr
—No par
50
:—'
1
Administration
Apr
253% May
130
7
Jan
May 19
Campbell. W & C Fdy—_No par
Canada Dry Ginger Ale Inc—1.66%
$4.25 preferred
No par
Canada Southern Ry Co
,-100
Canadian Breweries Ltd
No par
Canadian Pacific Ry
1
25
Cannon
Mills
!
,■
No par
Capital
38%
Apr
14% May 19
25 % May 20
104
Par
5%
Oct
14
94% May 22
EXCHANGE
California Packing
20%
3
120
15
99
STOCK
NEW YORK
-
10
13% May 19
No par
103
18% Feb
May 19
9
72% Jan
Nov
123% May 26
100
Co
Apr
105
283/4 Feb
No par
Co (A M)
Participating preferred
May
109% Apr
13% May 19
Jan
2
10
100
5
*.
70
115
23
Jun
102
preferred—100
Zinc
&
Jan
Feb
25% Jun
.1
common
Copper
35%
Jan
63
-
'
17% May 19
.—-No par
Inc——
Calumet
45
May 1*
38
106
No par
7,200
45
12%
119
ft
Jan
31% Feb
—
7,100
*44
13%
For
May 17
30
21
.2%
45
12%
*13%
4,400
125
64 %
CLOSED
1,60.0
125
.
Dec
23 % May 19
—
preferred
Callahan Zinc-Lead
128
72
53 %
Byers
128
*125
3
: Jan
96
120
7%
„
Jan
5
100
4% % "preferred.
Butte
30
55
Dec
34%
203/8
Shares
29%
29%
*'54
35%
Dec
95
Terminal
the Week
I per share
Dec
12
Oct
2.50
_100
No par
Co
Sales for
Friday
30%
21
Bush
120
25/a
1
13% Feb
Jan
Burlington Mills Corp com—
4%
preferred
1,200
17%
*24%
39% Feb
Sep
No par
Buffalo Forge Co
1
Buff Niag El Corp $3.60 pfd
TOO
Butler
Jan
19
May 19
90
11%
30%
,•
Bldg 7%
Sep
May 20
No par
Co
Jun
4%
13%
;
Bulova Watch
613/4
1073/4 Aug
3
8% May 19
32
common-
Co
48% May
573/4 Apr
6% Feb
3 % May
15
-
(The)
5,200
July 18
July 17
July 16
$ per share
.
•
Dec
Jan
Apr
69% July
11
No par
STOCKS
Wednesday
July 15
share
25%
*24%
25%
09
100% Mar 29
973/4 Mar 14
Mar
18% Feb 27
com
preferred
SALE PRICES
Tuesday
29%
29
53
24%
HI&H
37% May 19
Nov
35
73%
112
40% Feb
— ——,
Inc
Co
"
25
Sep
36
May 14
2,800
99
*98
99
*97%
99
27%
42%
No par
Co_—
preferred
Bush Term
4
17%
Nov
35% Feb
49% Feb
1,500
15%
3%
Oct
9,700
8%-
15%
4%
52
14
200
101 " TOT
101
Jan
26
.79%
4%
%
'•
67
1
-100
3%% conv 2nd preferred
100
3%%
preferred
;
TOO
Burroughs Adding Mach
TVo par
370
:
*77%
153/4
*100%
4V4
8
Sep
May 19
Union Gas__
preferred
Sullard
Oct
101
May 16
Bucy rus-Erie
$5
42
Jan
.—5
1,700
26,600
133/4
13%
<
80
15%
100%
18
99 %
♦99
16
101
4%
2,400
•
90
*83
8%
*77%
80
20%
'*33% 153334
90
1334
8
200
99%
90
•
133/4
,
2,100
:
89%
*83
16
4%
18%
*77%
80
1
90
13%
31
101
'
99%
*89%
8%
8
Budd
480
13%
89%
101
16
100 %
4%
13%
8
16,500
19%
90
*83
13%
8
80
100%
-
13%
13%
8%
*8
89%
11%
84%
.
100
*99
100
1%
20%
20%
2U%
34%
19%
20%
10
31
100%
33%
20'
4,800
11%
84
101
*100
700
173/a
Feb
493/4 Jan
-No par
Bruns-Balke-Collender
24%
59
116
13
Stratton
Shoe
$3.60
11
16
July 10
Feb
18% Aug
66 Va May
87
preferred
Brown
1213/4
84
12
84
30-%
30
29%
101
*100
12
33/4 %
50
17%
*121
&
Brooklyn
1,000
24%
•
122
*121
122%
*121
122 %
*103%
17"/a
17%
31%
105%
31
31
*31
17
,
42%
109
24%
11%
42
20%
105%
*121
28
42%
*107%
105%
12%
28
108%
31
122
Bridgeport Brass Co_.
Briggs Manufacturing
5,600
43%
2i%
11%
'
—
2,800
*107
106 34
21%
122
■
*43
21
♦104
•
28
42%
-•
-
Dec
Sep
15
Bristol-Myers Co common
4
28
28
28
91%.
*72
91%
*72
91%
Nov
18
-No par
of America-
Corp
"
15%
*72
14
34
24
May 19
2.50
Airways Inc—
Braniff
91%
15%
91%
•"
3
23% Feo
383/4 May 21
cum
-
3,700
••
15
——
Sep
July J7
173/4 Feb
39
9
14y8 May 19
25
common—
(The)
Co
'
May 17
28% May
1
B
Stores Inc
3 % %
Jun
Mar 17
5,<?00
-
Jun
58
54
Borden
700
33%
37%
,No par
Bond
•
18%, Oct
July 17
34
5,600-
-
July 16
51
102
4,600
483/4
28 3/a
Apr 26
5
A
29%
100
18% May 19
41
-No par
Aluminum & Brass
Ami
15%
*72
r
5
Airplane Co——,.
Boeing
Apr
May
14
No par
preferred
conv
May 21
Mar
3
Feb
.
36
12% May 19
1
Bloomingdale Brothers
280
25
Co
Laughlin
&
Co^
Co—
(E W)
Bliss
No par
No par
Mfg
43%
38
<
9%
93/4:
■
53
Bon
*4%
37%
93/4
23
preferred
Bohn
99%
43/4
9%
18% Jan
530
473/4
*36%
5
66
14% May 19
900
49
52% May
46 % May 20
42%
99%
112% Aug
29% Nov
136% May 19
103%
483/4
Dec
21
-100
1%
2.90
99%
36% May
06%
35%.Jan
28% Jan
Bigelow-Sanford Carp Inc—No par
Birmingham Electric Co..—No par
4,100
48%
Sep
17
% May 17
313A July
l63/a
58%
24%
103% Feb
168
40%
99%
48
*99%
37%
*36
"
37
37
,
7
27
Jun
Deo
29
44%
Jan
233/a July 16
21'/a May 20
43%
30%
44 %
58
143
800
58%
58%
*58%
58%
573/4
59
29%
43%
Oct
28 3/4
27
1,300
•
Apr
Jan
Jan
16%
103
103%
103
103
Jan
37
112
150
50%
42%
43
423/4
43
43
1023/4
102%
59
59
59
173/a
17%
17
43%
May 17
35%
Oct
Dec
114% July
16%
16%
7
Nov
16%
102
Feb
16%
51
16%
7
Nov
*38%
50%
17
2
39% Feb
2
Apr
28% May
22
*50%
50
16%
6
163/i May 19
Oct
15%
18% Jan
24 % Jan
106% May
10% May 21
Jan'
15
13
85%
Bliss
50
173/a Feb
12% May 16
Mar
30%
4
Blaw-Knox
17
Nov
6
6,600 '
50%
Feb
11
Feb
1,000
7,100
y8'
104
17
99
1,300
163/4
'"2
Feb
39% Mar 31
26% Jan
16%
28
Jan
40
19
30
273/4
110
12
6
19
500
1,700-
16 %
118% July
19% Apr
16%
.
Nov
76 y2 May
30
?•
Feb
Nov
May
111
5% May 27
20% July 14
(Del)
Steel
1G ,%
17
*33
Co
fe
73
2
15
iiuvaJuiy
30/4 Jun
1
1
No par
11,600
-
31
108% Feb
33 %c
i.
Bethlehem
29%j-v
16%
.
-29%
30.
24 %
110% Jan
Jun
39%
Oct
46%. Sep
31% May 16
25
Best
54
Dec
21%
2
'
1
Best Foods
533/a
-
53%
18 %
7
r.-i
96
1,600
145
145
<
53%
53%
54
53 %
145
145
145
145
54
53%
52%
1 8
30
5
1,500
Mav
Jan
Jun
pfd $3.25 ser of 1946_No par
Cum
Mav
31
Feb
—NO par
Loan
57
Sep
62
Jun
28
Indus
Oct
21
19% Feb
Xl03% Mar 11
103
Beneficial
200
883/4
42,
—10
Bendix Home App Inc com
1,000;
48%
July 14
41%
24
Jun
*
Jun
25% Dec
18
May 19
18
19
—
May
May 19
14
1100
24
87V4
90%
88%
90
88 %
9
30
Co
30%
30%
*233/4
54 % Jan
15'.
104
Bendix Aviation
6,600
20%'
Corp
64% Aug
27
preferred
Howell
4y»%
88%
Apr
Feb
"
50 »
33%
Co
Packing
30
Sep
36%
50
—10
No par
Belding-Heminway
15%
Oct
66
6
17
-100
1
—50
,
12 3/4
5
27% Feb
20 3/4; Apr
-100
RR
.beech-Nut
8
Feb
69
May 19
2.50
Aircraft Corp
35%
16% Feb
55% Jan
13
18
5
-
preferred
4% %
SJioe
r.
Co—
*33%
7%
35
35
*33
Beck
80
107
.
Beaunit
1,000
19%
19%
107
Foods
33/8% "cum
106%
*105
.
19%
107
107
7%
7%
7%
35
106%
19%
108%
*107
108%
7%
*33
19%
19%
19%
Beatrice
600
48'
48
Corp
Jan
.
47% May 20
1
No par
—25
Bayuk Cigars Inc_—
31%
31%
i
:
22 %
Iron
60
_50
preferred
Barnsdall Oil CO—
15,100
29 y4
28%
,
>
,
16%
*107
7%
35
1,300
51%
19%
108%
7
*33
25%
51%
•
&
23
*105
19%
*107
26%
51%
47%
106%
19%
1,400
53%
26
291/8
*22
*105
53%
53%
93/4 May 19
Aroostook
50
Conv. 5 % preferred—,™.
i .100
Barber Asphalt Corp (Delaware) _10
Barker Brothers—lo
30
65
*63%
65
*51
161%
16%
21%
52
26%
28%
30
28%
65
51%
25%
*51
51%
*51
51%
53
*52%
54%
65
52
*64
65
*64
65
*64
*13
,
128
12%
113
.
43',
-
38%
13'/a
Sep
Dec
Sep
Nov
34% NOV
137
393/8
61%
34
60
May
Deo
Jan
Jan
Feb
Volume
166
Number
4613
THE COMMERCIAL & FINANCIAL
CHRONICLE
(273)
LOW AND HIGH SALE PRICES
Saturday
Monday
July 12
Tuesday
July 14/
$ per share
I per share
7
7%
40%
61
59
60
24%
24%
106 %
106%
145
145
27%
24 %
27
20%
7%
7%
38%
4,700
152
60
60
60
24%
24%
23%4
150
24%
107
107
107
146
145
145"
27
,
27%
26%
27%
26%
27
'
4
Celotex
4,600 1
20%
20%
20%
20%
19%'
20 Vb
20
20
19%
19%
19%
19%
18%
11%
19%
11%
18%
Central
11%
10%
11%
11 '/a
19
11%
3,200
10%
10,600*
Central
Foundry Co__
'' 9%
1,400
Central
Hudson
Central
111
9%
9%
*113
*93
9
9
*113
114
93%
9
93%
*8%
28
27%
28%
*10%
CLOSED
9
114
94
9
,
9
*113
114
"20
9%
*
94
94
99
91%
112 %
29%
*93
9
*113
94%
*92
103/4
32-
16%
27%
*27
tCent
Central
11
103/4
32
16%
27 %
Cent NY Pr Corp
32
10%
32%
Xl6
27%
27
27
16%
26j/2
26
9,100
Certain-teed
26
22%
23%
23%
23%
; 23%
104%
233%
104%
104%
104%
1041/2
14%
14%
27%
143%
104%
143/4
14%
14%
27%
271/4
27-'
27
48% '
1,200
48%
48
48%
47%
473/4
98%
9,200 '
98%
971/4
98
97%
98%
2,400
5%
6'/a
7,200
11%
11%
8%
8%
14
14
26%
14%
27%
'
27%
"
27*
47%
48%
48%
98%
98%
98%
5%
9
6- :■
•
*27'
' 48% ' '
98 %
5%
6
•
5%
.
6
9%
9%
9%
8%
8%
8%
8%
8%
*6%
6%
6%
6%
*6%
12%
.
13%
12%
13%
'
7
*4
7%
%
7
4%
10%
9%
10
65%
10
12
81/4
8%
6 3/4
7
13%
14
13%
7%
7V4
7%
7
7 3/8
41/8
43/3
4%
101/2
10%
34%
10%
10% >
34
343A
33%
34
34%
22
20%
21
46
46%
34
34%
r
46%
28%
28%
55'
55%
*13V4
18%
18%
6%
6%
35
58%
213%
20%
443%
45%
44%'
45
28%
29
291%
55%
*53
56
*55
56
*13
13%
*13
13%
*17%
18
6
37%
36
18%
6%
6
36
61%
603%
62%
59%
613/4
27
27
26%
27
110
*110
26
26
26
45%
45%
45%
*31%
31%
31%
10%
29%
10%
195
*165
195
90
90
*88
93
42%
42%
42%
110%
110%
110%
34%
35
*107%
*48
*
52
'
313/8
93
42%
*84
*47'
'
52
19%
19%
19%
36%
36
45%
45
Monday
July 14
45%
45%
♦142%
172
175%
*1300
45%
45%
144
49
48
1021/4
34
34
15'A
15%
15
■; 19%
34
•
19%
15%
15%
161/4
15%
14%
/
19%
14%'
14%
..
15%
15
,
30
,
62%
*1300
48%
30
*30
35%
84
.-<i v,
2,300
„
-
84
:
29 %
78 •
42i%
3%
118%
30'%
31%
33
STOCK
EXCHANGE
6
26%
26%
106%
16%, i 16%
v
133/4
133/4
48%
V
48%
12
%
*13
24
15%'
12%
16%
36%
..
„*23%
.
37 v-*
3%
333/4
♦108 >•:
52
52
8%
*51%
9
83%
44%,
45 J "
16 %•
16 3/a
16%
*
11%
44%
*153%
16%
17
"
16%
123%
23
23%
24
153/4.
37 %
113%
403%
15%
*98
11%
52%
51%
8%
8%
44-%
16
113%
153%
15%
15
58
58%
58
58%
57
28%
27%
28
•
13%
*48
-
.
-•*98
1001/2
39%
51%
51%
8 3%
45
153%
110
11%
8%
45
133%
*13%
13%
49%
*48
27
15%
49%
15%
57%
57%
57%
27%
643%
191
6%
33%
34%
33%
1053%
*1051%
*26%
66%
191
6%
3%
34%
107
27
40%
41
40
40
51
51%
40
51%
403%
52
50%
50'%
page 25.
Financial
Ice
&
1
»
7
30
6% Feb
4
14% Feb
38% Feb
.27% Feb
;
•
11%
Oct
33%
Feb
7
Sep
15%
July
33/4
Oct
:8
11%
7
31 a/a
Sep
Sep
11% July
38% Jan
21
153/s
8
48'%
123/B
.*23%
421%
/102
15%
*98
38%
*108
823/4
Jan
Sep
Sep
preferred
43 %
Jan
5%
66%
191
5%
33/4
333/4
67
191
6%
3%
343/4
*105%
107
26%
27
39%
*50
40%
51%
13%
*48
*15
56%
1,500
13%
200
13,200
6,600
233/a
•
4%
Peabody
Coca-Cola
Class
Co
Oct
Deo
108% Mar
15% Nov
38% May
18-
Jan
28
May *19
433A'Jun
4
27
101
46 % Apr
22
57
.
cum
Sep
113%
Jan
106
Jun
108% Mar
Jan
106
July 11
109
3
Mar
3
32
May 21
393/4 Mar 12
37
Jun
10
48 % Mar
6
144
Jun
30
7
152%
Jan
Feb
141-
X6l% Jun 10
243/4
May 19
99% Mar 13
26
12.
176
-
Jun
July
-
165
Feb
May
Jan
56
42%
2
Apr
15
X99
10
tper share
Oct
61%
Feb
37
200
Deo
Feb
69% May
Feb
60 3A July
Deo
110
Aug
Oct
63 Va
Jun
10%
Oct
233A
20'/* Feb
10
15%
Oct
24"%
Feb
12%
Nov
41
Jan
13
Sep
39
Jan
163A Mar 27
:
8
May 14
17% Feb
4
I..
9%-.Mayl5
17% Feb
II
8
Highest
tper share
46
May 17
Year 1946
130
16
104
May 17
16%.May 19
^20
,
Jan
May 20
16% Feb
12%
Oct
38
Jan
223/s Apr* 16
23
Apr 19
32% Jan
21
28
Oct
47
Jan
32% Jan
10
27% Nov
47
Jan
.
*
10
Apr 18
76
-
Jun
4
.
jJan
7
22% Feb
7
12
13
8%
9
36 3/4 Jan
30% May 28
14% May 19
.
Mar 21
Feb
13
36%
36%
Oct
$0. preferred series—No par
123 3A Jan
NO pof
.1153/4 May 22
27% May 19
\ 8% May 16
Inc——j—No pat
23% May 19
30 3A Feb
30
783/4
7
35% Feb 11
7
Feb
4
Apr
Jan
14
243/4 May 23
XIO&3/4 July f 1
.
50% Aug
693A
19
<
123
Nov
111
-
2
Sep
29% Sep
12% Nov
24 % Nov
33
132
Feb
36%
Jun
18%
Sep
40% May
65% May
Oct
6% Oct
24% Oct
105% Sep
108'A Mar 26
Jun
July
32% May
5% Jan
23% Jan
2
2
29% Feb
.
Deo
103% Deo
29
,
14% Jan
4% May 19
Edison of N Y_,
No.par
preferred,,—,——No par
3
33% Jan
.
36% May
106% Apr
Oct
8
26%.July
2% May 19'
Consolidated
Jan
Apr
Deo
86
20% May 19
4,-25
14
48
20
50
Solvents—,,,—No por;
Southern—No par
Commonwealth; Si
Sep
32% Nov
v
47% Feb
115% Feb
393/4 Apr 28
36
/„
preferred,i,--„^—„,100
Congoleum-Nairn
36% May
60% Jun
:
May 19
103% Jun 17
Conde Nast Pub' Inc
Sep
Nov
Lowest
1
65% Jan 11
1155
May 22
May 21
33
-,,10
Co__
44%
39%
$ per share
May 19 V
1140
1st
Commonwealth Edison
62
Dec
Highest
$ per share
2.50
Commercial
Feb
19%
Range for Previous
—No par
i,
Apr
56%
Range Since January 1
Lowest
Southern—,,,,—,100
Credit
154
99 %
-
1
Columbia Gas & Elec,—-—No par
$5
Jan
109
22
B
•
Feb
108
18
preferred—,100
4% non-cum 2nd preferred—-100
Columbia Br'd Sys Inc cl A
2.50
$3.60
205
Jan
Jan
preferred.*
conv
non-cum
Class
Sep
Feb
No{par
Corpl,i.i—No pat
Fuel & Iron
4%
35
■■
178%
105
24% Feb
Aikman—
Colorado &
95
,
83 3/8 Jun
$3.50 preferred,,,,—No par
5%
May
27
115'/2 Feb
22
293/4 July 18
26
„50
__,„—No par
&
44% May
9%
No par
Colgate-Palmolive-Peet
Collins
Feb
88%
Jun
10
(The),—:—No par
A
Dec
-
38% July
58% Apr
6
:
20 3/8 Feb
10
;
114
10
Mayl9
Par
300
42%
102
2,800
«
1,770
•
153/s
^
-
100 %
4,000
%
39
'
100
12,300
111%
2,300
'
*■
10 3%
Feb
36
Feb
109% Jan
Consolidated
Vultee
800
"2,400
80
"»
13%
1,000
70
.
,
'
v
1,900
750
Aircraft——1
$4.50 preferred
160
pfd
Inc,
Power Co
4%
Inc_,,_
Cari
Continental
Insurance,,,
-10
Motors——
1
Oil;
of
Del—
:—5
Continental Steel
Corp,,,,—.—,14
Cooper-Bessemer
Corp—„,_no par
$3
prior
preferred——No par
Copperweld Steel Co
Conv pref 5% series—,
,50'
Cornell-Dubller Electric Corp_—,l
Corn
Exch
Bank
Trust
Co,
:_20
-
1,400
20
105%
66%
Corning Glass Works common,,—5
3%%
preferred—
100
Cum. pfd.
;
7,000
6
6
2,000
3%% ser of 1947—100
Products Refining—
,25
Corn
Preferred
33/4
1,900
Coty
Coty
34%
5,200
Crane
107 '
26%
100
Co
Corp—;
1,000
Cream
of
900
Crown
Cork
700
143/4 Nov
33%
30 \Jan
16% Sep
47
Jan
l-^3/8 Feb
17
32
Aug
-
38
13
35
48
.
.
9
14
May 16
47;
Jun
25
-12% May 17
52
Apr 14
62
-
.
Wheat
Corp
& Seal
$2 preferred
(The)
13% Not
Mar 25
46%. Deo
Feb
12%
23%
Feb
60
Apr
27%
Jan
67%
Jan
X12% Nov
52
Sep
25%- Oct
101% Deo
61
Jan
7
32% Feb
19
6
17
1053/4 Jun
7
'
26
753/8 Jan
30% Feb
56 ~ JaR
Oct
5
13
50
493A May
*23% May
„
Oct
; Feb
55
105 3A Feb
July 11
4% Jan
Apr 25
Apr
7
NOV
20% Feb
40% Feb
24
Jan
15
May 14
3
Feb
Jan
33% Oct
3
No par
18%
11
.
Jun
24
Oct
19
16
Jan
537/8
113% Mar
63
s
July 18
26% May 19
103% Apr 15
No par
109%
10
Feb
53
v
Apr
July
46% Nov
,
18% Feb
Jun
100
7
19
5
1
22
101
Sep
33% Sep
103%, Nov
8% Nov
3
8
2
243A May 19
1013/4 Apr
102% Apr
64%
Feb
46
14% May 19 *"
12% Jun 27
9
54% Feb
*12% Apr
43
Sep
12%
July 10
12 5/g Feb
14
Jan
1153/4 Mar
35%
8
,
13% Feb
May 17
May 20
6% May 19
Apr
106% Apr
110
Dec
Apr
May
8
44% Feb
<
44
35.
24
July
203/a Feb. 19
11
25 % July
Nov
sin
Feb
102
-
17% Sep
Feb
114% Feb
May 19.,
xl05% Jun
*
17% Mar
185
25
preferred
40
60
1
i
—
common,
51
23 3A
42% Jan
100
Inc
Internat
33A%
13 % Nov
2
13% May 27.
.67.
Jun: 18,
2-20
$3.75 preferred,,-,,,——No par,
Continental Diamond Fibre,
—8
10
32'A May 19
99% Jun 26
Baking Co——No par
preferred——,—JNo par
$5.50
15% Feb
54% Jan
111% Jan
—,No par
Continental
Continental
20% Feb 13
■
May 19
12% May 19
"•343/8 May 19
America—-_20
preferred—
.100
cum.
.
17;
,
—1
—No par
Container' Corp of
Continental
-
5
Gas——,15
of Cuba. 6%
Consumers
11% May 21
11
Apr 29
40% May 19
10% May 19
Corp,—1.33 Va
Corp,,
Consolidated. Natural
Continental
r
15%.
Grocers
Laundries
1,800
ol7,100
49%
56%
Consol
9,4U0
...
46
16
Consolidated
Retail Stores
190
51
14
Mar
153/4 May 19
'
Consol
190
*38 3/4
94
28
27 % Jun
Preferred
RR
190
26
Sep
Jan
106 'A Jan
'
34
32% Feb
11% Feb
273/a
May .19
,—No par
_1
Co
&
Consol
2,900
263/4
*1053/4
Oct
1150
gtd
stock-
800
;
103%
33/4
36Va
100
gtd
900
-
16
263/4
65%
48% Jan 30
30%
Dec
116% Apr 22
(The) New-1.
Sep
Nov
18
"
16
48%:
123/4
1023/4
*1043/4
21%
21
Feb
37
preferred—i—.4.4——,—100
Consol
800
36
108
28
85
Cigar,——<-No par
Consol Coppermines Corp..
-,„5
•-
Mar 17"
23
—-—No par
Clev Graph Bronze Co
'•
6%
O
15,500
,
6
12% May 19
$4.25 cutft pfd w wNo par
Columbus & Southern Ohio Elec—10
'
16
84
,
$4.50
:;
14
27% May:20
-100
1
62% July 17
29% Jan
6
111
Feb 20
No par
1
Investing • Co__
% preferred—
St St Louis Ry Co^
-100
preferred——
,L100
Cbve Elec Illuminating coin^Nopar
Colo
'42%
1
Jan;
Feb
-
7% Mar
21% May 21
37% May 19
,
5%
V
July.
Apr
108
10
Stores
i—5
Clark Equipment Co. New —i_20
C
-
No par
Corp_—
Fuel——
Co
-7,100
f(
18
27
see
T
Machine
Commercial
400
49
15%
.
15%
*13%
173/4
1053/8
footnotes
I
_t_100
Milling
com,,^—No par
1,200
,
.
6
49
104
27
--t
26%
153/4
27
333%
.
Jan
Co_,_,^—No par
2,800
r
4
107%
49
*1043/4
*26
107%
173/4
*103
*105
.;26
17%
104
26%
:
153/4
1053%
1053/a
'
49
*103
26%
*5%
-
..
343/4
45%
*1043%
105 3/a
27
*33%
45%
105%
35%
27
•:
':
8%
104'
3%
Oct
8% Feb
15% Feb
10% Jan
58% July 14
25
Carbon
12,100
11%
*1043%
33%
5- ;
51%
*103
33/4
Jan
5%
14% July
17'A Jan
2
May
"34
2.50
:8.50
Pictures
9,500
.
8%
63 3/s
3%
Jan
26 Va
13
1
•
Columbia
71,800
*
3,100
"
11%
105%
6%
18%
Oct
Nov
*
27
Elec common-
Columbia
1,400
•
;,
51%
104
643%
191'
30.
83A
63
6%
-
51-3/4
*103
63%
:
'V
118%
293/8
11%
,
"'
*105
*190
Oct
71/0
9% Jan
53
&
1,600
1133/4
15%
39
17%
28
c •
~4%
,9%
73/8 Feb
Sep
Gas
2,100
:
■
.3%
113%
113
♦108
493%
65/8
25%
.
.
373/4
42%
40
49 3%
15 3%
191
.
37%
101%
15%
11%
173%
15%
6%
-3
•vl23A Jan 29
4% May 17
l_25
7,100
:
107%
*15%
403/4
110
-
49%
•190
25% May
66"% Jun
Oct
Jan
No par
—
2,300
800
153/4
101%
15%
49%
>
137/a
153/s
>
56,500
-
;
373/4
v
113
41%
101
100 %'
393%
*108
45:-
13%.
-
15%
*100%
11%
16%
*13%
37%
48
-■
26%
"16
15%
/"
14
48 3A
15
700
80
'11% ;;TI3/4
-
6
1063A
1,000
v
.
.
41%
!:
,
220
,
193/8
43%
118
'!',-
27%"
•
t
7,500
940
-
25%
48%
,,48%
12% ;13 '•
*22% -23%
3f73%
'
49%
30
26
16%
123%
13
49 '
133%
2
8
Dec
Co
Copper Co„_—
4
133/4
*48
17 3/8 Mar
543/4 Jan
98% July
'
Jan
210
1,270
-
343/4
19%
.V.31/8
*33%; .34%
133%
•18
Apr
25% July
1,600
)
107%
/
1183/4
■
106 3/4
49
*48'%
14%
41%
3%
27%
26 V8
261%
'106% 106-3/4
49
40
1,100
13,600
-
43%
V
.
33
.;
14%/;
:
•: *78
;
l'2,*f '"12
28
15
343/8
ft
26
29%
'
133%
110
32
25%
Cluett
2,300
'
14%.,
19
29%
1073/4
5%
373/e
*108
11%"
Jan
Oct
12%
673A
140
-■
29% 'f
11% V
78
25%
6%
15%
39%
111%
'
"11%
Oct
114
Oct
Coca-Cola Internattonal Corp No par
{■:
32%
11%
42
118%
303/a
.
29%
3%
-11%
48%
lOl'/a
40
39%
:
'
119%
11%
27%
.
V
„
29%
,43%
107:':
•
48%
99
Jan
25%
Sep
Deo
*
103%
14%
34%
3%
6/
16%
*
v
105
Dec
Climax Molybdenum—;
Clinton Industries Inc
.
*143/8
20%
78
253%
.' 33
26%
106%."
99
23
14
*
493/4-:
14%
'
29-%
•
28
99
*97%
43
14
EXCHANGE
63%
,s-
.
12
43%
118%
15%
15%
257/a July
Nov
213/4 Nov
55
NEW YORK STOCK
V
29%
.
*41%
107
63
*14
19
3%
'
113%
41% .42%
101%
15%
15%
101%
Jan
23%
18
1Shares
18%
34%
19
42%
/
113
42%'
42
*100%
35%
78%
25%
30,%
37 -
14%
7
11
Sales for
174%
313/4!
...
'
119
15%
"
1123/4
112%
t
20% Feb 13
2f03/a Mar 10
14
20% Jan
—10
the Week
Friday
July 18
29%
29% ;
11%
133%
48%
13%
233/4;
'■
,ii 16%
"
'
443/4
107
6%
106%
106'%
Jan
21
30
1031/4
-
15%
29%
T
12
443/4
.
26%
'
33%
6'A
263%'
CLOSED
28
33
::-6%
:
19
"
11% "ll%
28*
30
18%
,
273/4
29%
343/4
42%
3%
Feb
May
153A Feb
Clev & Pitts RR Co 7%
144%
*
*18%
*76%
413/4
•
45%
118%
■'
35%"
107
30%
: 113/4,-11%
15%
19%
30
/ xll%
-.17%
118%
51%
57% May 15
Oil—1.
1,300
■
"
33
14%
151/a
76%
25%
24
Sep
15'A Jan
Special
363/4
49%
15
17%
42
42%
Dec
12% May 15
Cotton
30
1,600
*1300
103
31
15
12
;
v
"102
■■■;•
15%
35%
26%
3%
15%
15%
17%
25%'
333/4
15
30
45
Nov
11
10 '
Feb
1103/4 Jan
14% May 17
36% May l9
-
No,par
7,000
4
'
102%
19
30
106 /
26Va
6
28% Jan
10
Jan
52% Jun
10
45%
:
V,
153/s
.
>
102% July
23% Jan
Sep
313A
18
21% Jan
116
Deo
8%
30
27
Jun
89
Feb
52
*172
49%
15%
42%
For
380
f per share
63
48%
15
353/4
45% * 45 %
'1071:,
*62%
*1300
15%
77%
106
62%
49
15
.
.
174%
14%
17%
"
Jan
143/4 Feb
35% Mar
2% May 21
63/4 May. 19
233/4 May 19
■
.
No par
STOCKS
15
•76 ' '
4
A—25
—l100
City
5,400
!
33% ;
144%
Thursday
14%
113/4
110%
33
4% May: 17
83/a May 19
43/4 May 19
100
Preferred
"lO
45%
144
*172
33%
151/4 "
*29%
12
4
Feb
.
96% Apr 15
12% Jan 31
Jan
City
City-
421/4 :
*36
July 1 T*
102%
.
15%
19,%
30
30%
113/4
Jan
Jan
C
18%' :i8%
I per share
__
48%
.
101%. 101%
33%
Apr
137/a
767/a
'
1741/4 175
63%
'.
173A
59%
C
*
45%
144
July 16
*1300
48'%
102 »/4
Oct
Sep
373/4
Cincinnati
3C0
:
*47
if
19%
36 \'
36
S per share
176 :
62%
8%
9
116
53/4 May. 19
6% May 19
.
No par
No par
Chrysler. Corp new
4,300
;,r*107%-.: 103
52f
19
Wednesday,
I per share
63
2
2
Deo
'■
July 15
•
1733/4
63
Tuesday
.
:.
14 % Jan
'Nov
LOW AND HIGH SALE
PRICES
I per share
50
July
17
5 %
112
33%
109
*48
-
36%
145
41%
84%
19%
36%
July 12
Jan
Jun
23
45
Cinii
3,700
93
111 1%
*84
451/4
f per share
29
34%
Chile
195
*87.
34%
*107%
19%
Saturday
Sep
Sep
553/4 Mar 25
1,200
„
293/4
*160
-
42%
34
85
37%
*142%
38%
20
53% Feb 13
29% July 15
4,200
I&3/4
111%
111
19%
145
Jan
20
10% Jan
Jun 12
3% Apr
:
Pneumat Tool—'—No par
1,700
10%
29
195
*87
36%
*142%
22%
14
22% Feb^ 19
16
86
18%
29%
*160
34%
10%
*84
18%
*28%
*107% 109
52
'
31
/
10%
86
18
42%
33%
108%
-
31%
10%
111
85
*47
32% Feb 24
21% Feb
51% May 19
100
25%
44% *,
31i/a
93
111
-
25
43%
190
42%
114
*110
25%
45
"
«84
cl
Northwestern
rtChilds
9,800
,
25%
*84
29%
*87
HI
108 »/2
84%
v,
*160,
42%
34%
108%
*8%
Jan
•4*,
pf C$2.50> cum div——No par
Chicago Yellow Cab—
No par
83,300
.
44
.
18
*28%
114
:
86
17%
28%
*110 '
10%
*82
18
*165
114
10%
86
28%
161%
-
Chickasha
120
27%
17%
95
Pr
2,300
26%
*82
Co
preferred
Chicago
150
6
59%
17%
Ry
&
5%
4,200
.
363/8
60%
25%
29%
5%
353/4
;
-
.
27%
45
86'
Louis
$3 conv preferred
58%
25%
17%
6
28%
27%
110
46%
10%
28%
37
*36%
25%
*82
&
B——
Chicago
800
18%
31%
t^-l
preferred—,
-
100
18%
13%
31%
10%
Ind
Oct
3 "
Jan;
41% Jun
1
_—40
A
55%
*55
*18%
5%
2,900
*53
45%
31%
No par
Series
,
6,000
,
55
*13
60
110
;
'!
A
Class
-
23
,
—25
CO_;
Chic Milw St PI P vtc
•
-
29
55
13%
*36
RR
preferred————{—50
Chic
•
8,000
55%
*53
13%
5%'
17,400
,.
20%
46
131/4
27%
*108
203/4
46
56
•
21%
*18%
37
27%
V
20%
55%
56
800
Sep
Jan
138
Apr
•
29%
*53
55%
13%
4y8
:
5 %
23%
28
10% May 10
—_L100
preferred
81% May
IO91/2
19% May 21
1033/s Jun
4
f_5
54% Nov
8
Sep
20% May 19
1.25
Feb
NOV
3
No par
& Ohio Ry—'
conv.
East III
&
Class
2,300
v.
■
4%
10%
21%
*53
7%
4%
10%
——No par
No par
Chicago Corp (The)_
1
Chicago Great West RR Co
'
3,800 "
4%
34%
3% %
1,400
13%
10%
10%
33%
29
8,500
,
7
13%
7%
Chesapeake
Chic
14,300
'
Co
preferred———
Checker
Cab
Mfg—
Chesapeake Corp of Va_
Jan
18 3A
20 % May 19
1
Jun
156
4% May 19
1
Jan
55
183
104%
0% Apr 114
Products---"
10%
Nov
'6
29% Apr 19
11% May 19
$4.50
1,400
,
4%
11'
46
210
04
6
r~No par
I per share
Oct
Nov
31%
153
7
24% July 14
11
Jan
63A
108% Jan
July 17
90'
•'
Champion Pap & Fib Co
2,700
,
8%
7
13
7
6
23%
105
Belt
Chain
800
23
105
23%
Mills
19
Copper—No par
Pasco
158'/2 Jan
7% May 19
8% May 21
112% May 6
Corp-No par
prefer;red_-_100
pfd 3.40% ser_100
Jersey
100
Sugar Co
Ribbon
de
_1
E
$ per share
8
'
19
18% Jun
New
Violeta
Century
Cerro
22%
105
of
•
L'
16
15%
26%
400
RR
4,500
.
*104%
13%
G &
73/4 Feb
403/4 July 14
23
Jun
20
,—No par
4%%
700
31%
*10%
X31%
16%
Lt
Year 1046
Lowest
Highest
I per share
13
19
19% May 19
'
20
Assoc
200
*10%
10%
32%
16%
Aguirre
800
28 %
10%
preferred-.—
94
291/4
32
16%
5 %
28%
8^4
29%
10%
16%
•
1,100
114
*8%
28%
32%
32
93/s
114
xl39
No par
11%
Jan
1047/? Jun118
100
Corp__
19%
EXCHANGE
No par
•
10%
STOCK
No par
cora_No par
Corp of Amer
$4.75 l;st prelerred—
7% 2nd preferred
100
'
Tractor
Celanese
>
400
145
6
29% May
138
May
49% May
17% May
_100
Caterpillar
20,100
'.
107%1
145
I per share
1
25
Preferred
1.4CO
24%'
*107
'
,
30
59%
233/4
107
*145
27%
150
•59%
Carriers & General
Corp
Case (J I) Co
-
Range for Previous
Range Since January 1
Highest
Lowest
Par
2,500
38%
*150
60
•
STOCK
EXCHANGE
Shares
7%
152
107
148
S per share
39%
39%
*150
59%
24%
107
7%
39%
NEW YORK
the Week
July 18
$ per share
7%
391/4
152
*145
28
20%
7%
40
*150
Sales for
Friday
July 17
$ per share
7%
39%
152
Thursday
July 16
f per share
7%
40
*149
STOCKS
Wednesday
July 15
6
29
313A May 19
192
Feb
7
107
30
Mar
Jan
43% Feb
58% May
4
X185 %
Deo
7%
8% Jan
Nov
4%
39"% May
1093/4 Aug
753/4
Dec
210% Mar
14 3A
Apr
Oct
7%
Jan
13
31
Oct
49%
Jun
5
101
Nov
9
8
52% Mar 27.
28
Sep
110% Aug
353% Jan
32
Oct
62
Jan
47
Dec
54%
Feb
17
;
Saturday
July 12
July 14
S per
$ per share
,
July 15
share
1,070
30%
104
104
104
104%
104%
105%
105%
105 %
115
115
116
116
117
1171/4
120
120
♦28 Va
16%
16%
28%
28%
841/4
84%
83
83%
*82%
83%
281/4
28
28
28
28
27%
27%,
17%
16%
17
16%
44
43%
99
*94%
♦17%
18
*17%
44 Va
*43%
44
9%
10 V*
9%
64V4
65
64%
4%
5
4%
97
64%
65
4%
5
4%
15
15
14%
*130
135
15%
14%
10
130
130
*130
135
261/4
26
25%
1,800
26
261/4
25%
26
25%
26
25%
32
32%
33%
4,400
31%
33
33
32
32%
32%
32%
97
*94%
96%
*95
963A
120
18%
*18
18%
*18
18%
600
135
*130
135
*130
110
Dec
96
88%
May 20
34% Jan
6
22
Dec
Oct
21% Jan
2
17%
Oct
Jan 29
49
24
101
Jan
35
Oct
66
Jun
95
Oct
106
Mar
56
6% May 19
113% Jan 16
135
6
70
82% May
Feb
5
45
Sep
12% Feb
5
10
Nov
Feb
4
103
Oct
145%
Feb
Mar
1
60
Sep
76%
Apr
5%
Oct
12%
17%
Oct
4% May 20
6% Feb
8
20% Feb
8
Feb
24% July
16% Nov
7
12% May 21
129
Jan
160
19% Feb
16% May 14
Jun
Jan
28%
7
6
Mar
39% May 17
56
Jan
46 V*
Mar 12
165
Jun
54%
165
Jan
7
Jan
Feb
Apr
Feb
115% July
Sep
29
5
Inc_.
Press
No par
Mo par
Curtlss-Wright
1
Class A
1
Cushman's Sons Inc 7% pfd
100
Cutler-Hammer Ino
—Mo par
8,400
15
8
13
96
preferred
Prior preferred
12,200
4%
4%
5
15%
150
Jan
128
31 Va May 19
$7
1,200
65
110%
13% May 19
Curtis Pub Co
90
*64 Va
Sep
Cunningham Drug Stores Inc—2.50
(The)
No par
Cuneo
600
37,600
129%
Oct
37 % Feb
165
share
40% Apr
?,5
103
79 y4 May 19
30
100
■
10%
128
64%
100
45
10%
130
64%
5
1
45
10%
*120'%
preferred
Cudahy Packing Co
4%% preferred
17%
*17%
18
10%
10%
2,000
44%
9 i
45%
44
130
130
64%
15%
15%
43%
99
*17%
18
45
10%
130
129%
151/4
<
10%
130
•128
4
*17%
♦43%
18
*43%
Cuban-American Sugar
7%
44%
43%
*94i/a
99
3,500
g per
8
33% Jan
30
22
100
100
10
100
preferred
CuDa RR 6%
'
Highest
share
22% May 19
No par
preferred
5%
600
390
}
180
*165
180
*165
43%
43
*94%
99
29
17%
17%
180
♦165
44%
43'A
♦94 Va
'■
17%
17%
180
*165
180
♦165
28%
85%
28
t per
share
108% Feb 24
Apr 29
105% May 19
Crucible Steel of Amer
4,300
28%
27%
29
85%
I per
share
Jun
102
preferred
2nd
$4
120
28%
29%
84%
28 Va
25
Zellerbach Corp
$4.20 preferred
Crown
7,000
115%
84%
STOCK
31%
31
311/4
103 7/a
28%
CLOSED
31%
30
30
103%
♦115
EXCHANGE
30%
30%
30%
I per
Year 1946
Lowest
Highest
Lowest
Shares
f per share
I per share
tper share
I per share
the Week
July 18
July 17
July 16
1
Range Since January
NEW YORK STOCK
EXCHANGE
Sales for
Friday
Thursday
Wednesday
Tuesday
Range for Previous
STOCKS
LOW AND HIGH SALE PRICES
Monday
RECORD
STOCK
YORK
NEW
Monday, July 21, 1947
FINANCIAL CHRONICLE
THE COMMERCIAL &
(274)
18
1 T
'
»
i
145
July
Deo
25%
30% Feb
Feb
Feb
34%
Oct
128
Apr 23
1
132
18
18% May 17
Jan
26
45
May
D
*94%
96
96
95%
96
18 %
18%
18%
18%
22%
233/8
22%
22%
223/8
22%
31
31%
31 Va
31%
31
313A
16%
17
16%
16%
18%
223/4
211/4
21%
2,000
31%
31
31%
6,700
17
16%
16%
900
14%
14%
14
14
42%
22 VA
31 Va
*16%
'
163A
16%
14%'
143/4
14
14%
133/4
14
423A
41%
42
42
42%
41%
40%
37 %
37%
37%
36%
36%
*36%
'si
40%
41%
41
41%
40%
83A
8Va
8%
8%
8%
V
11%
12
36
36%
23%
23%
36
23%
23%
12%
*20 Va
13
20%
21
*20%
18%
18%
18
28 Va
27%
45
45
45
20%
21
16%
16%
21
21'A
17%
17%
28
28
1,300
2,400
42
700
Diamond
45
300
partlc preferred
Diamond T Motor Car Co
28%
41%
*41V4
41%
33
34
53
53%
45
45 Va
*45
'20
15%
l63/a
35
34%
54
533/4
30
*53%
1,000
20
*19%
20 Va'
16%
15 Va
16 Va
34%
34%
1,500
533/4
30%
53 V4
53%
200
29%
29%
600
37 Va
36%
36 Va
20%
21%
20%
20%
5,800
53%
553A
57
543A
4,400
58 3/8
55%
56
172%
172%
170'A
170%
112
112
111%
112
.
171%
169%
112
112
16%
16
16
16 Va
30%
x30
30
30
30
196%
}95
,
105
105
128 Va
111%
111 Va
♦127%
105%
192% 192 Va
iv
*15%
3,000
,
*128%
105 %
111
15%
16
333/4
Oct
Jun
42% July
6
25%
Sep
50%
6%
Oct
16%
Jan
Jan
Oct
28
Apr
Oct
77
Feb
3
143A Mar 24
'
11.
m—m
27 Va Mar
May 17
Jan 13
25
Jan
60
22
May 19
60
13
7
13% July
21 Va
3
■
July 17
Jan
2
16%
Dec
19%
Dec
15%
Oct
24
Aug
3
23%
Sep
39% May
31% Feb
20% May 14
15
47
Jan
17
34%
Oct
50%
Apr
25
43% Jan
2
50
Jan
25
42
Sep
50
Aug
24% Feb
13
16%
Oct
34%
18% Jan
2
24
14%
Nov
30
Jan
July
28%
Nov
52
54% Apr
8
48%
Sep
62%
Feb
10
25%
Nov
48
X23%
Sep
37% May
Dec
11% May 19
Sales for
NEW YORK
May 19
49
May 22
34
7
25% Apr
Feb
Saturday
July 14
f per
37% Feb
13
16% May 14
21% Jun
18
16%
76
Jan
7
2
143%
Feb
192
Jun
111%
15%
Dec
118
Jun
63% Nov
150% May 19
181% Jan
19
114% Feb
May 16
Jun
3
22% Jan
14
30
98% Feb
19
91
Oct
10
15
Oct
Jun
111
14
91
Feb
19
10% May 19
i
t per share
25%
24%
24%
I per share
f per share
.
24%
;■
'
■
,
l
24%
21
■(
25%
21%
21
21%
21%
22%.
24
25
24
24%
25%
-4
25
V
Va
22 Va
'
'
21%
24%
.
47%
47%
A
188
188.-
190
♦188
190
21.
24
47 Va
47%
47%
47
47%
46%
,
,s,
v,
188 r
'188
52
53'
52
52%
52 V4
52 »A
51%
52%
23%
23%
24
24
21% -i
23%
47Va
233/4
24
•
16,700
<
1,900
6
25
NOV
8
161
Oct
227
Jun
129
July
2
124
Dec
133
July
103% May 28
105% July 18
9
112%
Oct
116%
3
13%
Sep
115% Jun
July 18
111
19% Mar
14% May 20
(common
-
50
,>
.
52%
*23%
1,700
24
52 Va
1,000
cum
23%
23%
104%
104%
♦104'A
104%
20
105%
18%
18%
18%
18%
18%
18%
18%
18%
18%
18%
2,200
*108%
109V2
"108%
109%
*108%
103%
10
6%
1,100
4,300
Elastic
2,400
Electric Boat
6%
6%
6%
13'A
37%'
13%
13%
13%
*13%
13%
37%
37%
37%
37%
*37 Va
37%
17%
17%
19,600
164'A
17%
17%
18
164%
161
1623/4
162 Yt
163
163
163
148%
149
1503/4
150 Vt
150 »A
*149
152
*149
54%
54%
54
55
*54
54%
54%
17%
173/a
17%
17%
17%
11 Va
17%
1,300
55
54%
54 %
54%
55
54 %
54%
...1,200
12%
17%
12
17%
54%
J 2%
12%
18%
EXCHANGE
17%
54%
STOCK
19%
19
19 Va
18%
18 3A
15%
*15
15 V4
15
15
*15
CLOSED
*54
12%
33
33 %
33 Va
103
104 Va
102%
30 %
30
30 Va
29%
33 Va
33/4
3 0%
11%
11
57%
.
57%
57%
'
■
15%
500
323/4
33%
1,700
103%
30%
*102%
103%
3%
3%
3%
10%
103/8
57%
57%
58
74
*70
75
.11%
10%
11
10%
22%
10%
11
4,600
10%
*57%
:0%
70
13,500
30
3%
57%
57 %
29 Va
10%
3%
11
♦70
74
*70
75
*72
57%
Emerson
*14%
15
-
30
30Va
10%
Emerson
*102%
103
3%
11 Va
3%
3%
2,900
•
* *
'
10%
11
•
16,600
500
,,r"'
v "'73
»7o
■
3,100
10%
;
2,600
preferred
4%
Erie
RR
23%
22%
223A
223/4
23
22%
22%
213A
22%
15
15%
15 Va
15%
15V4
153/4
15
15%
14%
15 Va
43
43%
43
433/a
43%
43%
44
45 V2
45
45
9,300
2,700
10%
10%
10%
10%
6,100
Exchange
53%
54%
2,200
Fairbanks Morse & Co_
29%
29%
3,900
6%
8,600
Farnsworth
23'A
800
55
55%
30
11%
10%
55
54
54
53%
54
30
30%
U3A
54%
11%
30
29%
30 Va
29% '
293/4
Nov
Nov
17
65 3A Feb
13
80 Va
Feb
16% Feb
5
50%
12 3A
Oct
19
Dec
353/4
343/b
Oct
48 3A
Apr
Jan
Dec
Oct
7%
Jan
29% May
Ex-Cell-O
39 Va Jan
10
May 17
3% Jan
14
3%
193/4 Feb
8
IS3/#
2 %
Corp
Buffet
Corp.
138
Sep
128
Sep
Oct
167
40
44%
11 »A
170
156 Va Feb
17% Jun
55% July
24%
24
55% July 10
46 3/4 May 20
15% Feb
9% May 19
May 19
213A Feb
Xl4% May 27
19% Jan
13
-10
27% May 17
25
100
38
7
21
6
8
May
4% May
2
8% May 14
12% Feb
Feb
11
85
1
3
2.80
6%
6'/a
7%
'
24
24;
6%
7
24
24
24
*103%
105
*103 Va
•38%
40
*38%
39%
63A
,7
24
103 Va
105
233/4
*38%
39%
39%
39%
23
23%
12
23%
22%
23
22%
223/4
11%
12%
12%
12%
11%
12
25%
26%
25%
25
25%
107%
24%
♦107
107%
22
21%
21%
22
22
22
23%
23%
24
24%
23%
24
59
59
58
58
57
57%
107%
•106%
60
17%
17%
34
*106%
15%
107%
sa
20
22
22%
12%
footnotes
see
12%
page
11%
2,400
25%
26%
,11,400
106%
60
24
1,800
Ferro
55%
55%
1,600
53 Va
52%
107%
"106%
107%
59 Va
59
1,900
59
25.
173/a
18
1,200
32
5,900
14%
15 Va
Va
S?3
33
21%
12%
21
22%
12%
*20%
21%
*12
21
107%
35%
35%
1,200
15 Va
15
107%
210
14%
15
3,900
32
rA
107%
36
A
♦20%
21
21
32
22
Felt & Tarrant
•
100
8
—1
Enamel Corp—
Fire Ins N Y
-.10
Tire Si Rubber—-—_25
4%%
31%
*34%
preferred
Mfg Co
.—5,
No par
Firestone
*106%
107%
new:
—18
No par
2
Fidel Phen
3,400
52%
32%
15%
conv
*23%
173/4
33a
4% %
24
17%
15 %
-
Truck
60
32 Va
35
Corp
Federal Motor
500
17 3A
107%
Federal-Mogul
22%
32%
35
& Smelt Co.
Federated Dept Stores com
105%
17%
107
Min
57
55
Traction
preferred
*21%
32%
107%
$6
Federal
105%
59 Va
107 Va
Federal Light &
22
22
17%
35
34
*20%
19%
For
♦106%
15%
%.
2,600
23
11%
26%
33%
35%
35
♦22%
12
54 Va
*106%
59%
60
59"%
17%
32%
59%
107%
300
39
39
X26%
*23%
53%
55
54
54%
*106%
20
105
♦105%
107
107
23%
"103%
*103 Va
22%
*107
6 3/4
7
233/4
105
103 Va
Rico
-20
Televls'n & Rad Corp-1
Jan
Apr
7
Apr
July 17
34%
Oct
.63 %
Oct
11%
Jan
Jun
May 19
60
260,900
1,000
22 Va
213A
22%
22
22%
10,200
12%
12%
12%
12
12%
2,300
preferred
100
——No par
Firth (The) Carpet Co
No par
Flintkote Co (The) com
No par
$4 preferred
No par
Florence Stove Co
No par
Florida Power Corp
7%
First
National Stores
class A
Steel Corp
Food Fair Stores Inc
Follansbee
Mo par
10
1
19
May 16
21% July 3
93/3 May 19
18
104% Feb
6
19
Apr
20 Va May
17
Jan 30
1
9% Feb
7
24 Va Jun 20
108
Jan 29
42% Mar 7
23 % July 14
31% feb
14 Va
Feb
107% Jun
26% Feb
26% Jan
463/4 May 27
59% Feb
42 % Jun
5
105% Jan
10
51% May 20
14% May 27
24
May 19
105
May 21
30
May 19
143/eJun
18
July 10
May 29
13
May 17
14% Jan
9
13
61
Feb.
107% Jan
8
12
10
4
28
21
3
6
21% Jan 29
373/4 Jan
2
110 V* Feb 25
41 % Jan
6
17% Jan
8
31 July 11
23
Feb
7
23
Mar 28
153/4 Feb 13
60
Jan
4
47% NOV
88
'
May
21%
Sep
36%
Feb
7%
■
X26% July 1.7
20 % May 20
3*2
Rights
Florsheim Shoe
20 Va Apr
102% Mar 19
; 32
.
7
113/4 July 15
4%'May 19
Jan
58%
45 Va
"
95
Nov
25% Jan
16
Jan
Oct
21%
May 12
<
Jan
93
33%
May 19
25% Jan
Jan
23 Va
Oct
15% Oct
7
44
Apr
53A
Oct
Oct
10
8
12% May 17
Mo par
41 Va
Jun
22%
'
v
Oct
Oct
Jan
111
90
24% Feb
7
Sep
48
32% May 19
>
'
21%
9%
13% Feb
18
8
Feb
43% Mar
Nov
2%
7% May 17
<
-
30%
2J
Mar 25
Jun
Jun
Nov
104
5
3
3
67
72
60
61%
2
47% May 19
100
Jun
Sep
17
Mar 24
33% Feb 18
24% May 19
2% Jan
Apr
July
56 Va
17 Va. Dec
107
102
Jan
24
14
Mar 19
May 20
May 26
Jan
3
No
16%
Feb 24
152
47
114
180% May
137
Fajardo Sug Co of Pr
10%
11%
-
Dec
Feb
Oct
6%
Service com
1
Bldg
No par
common
No par
pref series A
Erie & Pitts RR Co
Eureka Williams Corp—
Evans Products Co
Eversharp Inc
27%
17%
106%
Office
5%
Oct
101
40% May
112
Aug
18
Engineers Public
{Equitable
Feb
Dec
11% May 19
Electric Mfg Co
—.4
Radio & Phonograph
8
Empire District Elec Co
Johnson Corp
Aug
71
23 3A
15
Natural Gas
Endicott
209
♦Oct
39
8% Feb
National Watch Co
1,500
Nov
190 K
27
11
7
4
Feb
27 Va Feb 17
333A May 29
preferred
—No par
Ind Am shares
Power & Light
No
$7 preferred
No
$6 preferred
No
12%
Jun
10 Va May
Conv
Paso
61
50 Va May
Electric
EI
31% May
Jan
111% Feb
Elec & Mus
Elgin
Nov
17
43A May 19
common
Battery
Sep
16%
109
4
107% Jun
—1
Storage
25% Feb
16 V4 May 27
Nut Co.
Auto-Lite (The)
Electric
Feb
57
May 17
19
30% May
19
3
30
196 Va Feb
6
101% Jun
0
Stop
Electric
18 Va
32%
15
323/4
32 3A
104 %
30
18%
18%
42% May 17
1
.100
Jan
47% July 17
42% May 17
100
12%
*32%
51
182% Jun
—4
preferred
17
*13
12%
13
3A
*104
3%
1,000
54%
,
.100
Products Co—
4%%
1,300
161%
148%
55%
Ekco
1,000
151
161%
55%
300
3,000
3
*23A
3
*2%
3
2%
17%
18
17%
57%
57
13%
-
2%
2%
18'%
18
6Va
6 %
58%
"
"V
38
*37%
2%
•2%
13%
133/a
13%
37%
58
57
58%
6%
57%
63/a
*6 V4
6%.
57%
58%
57%
109%
108%
110
110
*104%
104%
18
...8
24% Apr
16
19
May 19
I per share
30 V*
25 % July 14
17 % May
.10
^
preferred.
Manufacturing Co
Edison Bros Stores Inc com_.
4%%
preferred
6%
*104%
'104%
_.c„
Corp.
f per share
t per share
share
Highest
Lowest
19% Jan
.1
Eaton
233A
104%
t per
Feb
May
21
Range for Previous
Year 1946
Range Since January 1
Highest
.10
Inc..
Eastern Stainless Steel
Eastman Kodak Qo—
58% May
Feb
34
15
Lowest
Co.
Apr
41% May
July
STOCK
Eastern Airlines
13,400
47%
188
188
.
188
8,200
24%
243/a
•
24%
Jan
33%
116
197
Par
Eagle-Plcher
24%
Oct
Feb
29%
108% Mar
May 27
124% Jan 13
25% Apr
173
•
Sharee
Jun
45'A May 27
EXCHANGE
the Week
July 18
July 17
July 16 I per share
July 15
share
« per
share
Wednesday
Tuesday
Monday
July 12
Friday
Thursday
-
Apr
Mar
28% May 19
100
1st pfd
Duquesne Light 5%
35%
25
Mo par
DWG Cigar Corp
2
Jan
18
2
_2
common
140
SALE PRICES
n
-
23
STOCKS
LOW AND HIGH
Nov
38% Mar 22
17
A
600
15%
58 Va
45 % Mar
10% May 19
<EI), & Co
20
Preferred $4.50 series
No par
Preferred
$3.50 series
No par
2,500
111
.
Dec
Dec
20
38% Fed
9
17% Jan
de Nemours
P
Du
200
105%
«'•
128%
111%
*111
15%
15%
15%
29 Va
128%
105%
128 Va
105%
11$ Va
128
-
15%
15%
15%
3Q
195'A
'
112
112
♦111
*15%
1933/4
195 %
194%
1953A
105
*127
I£7% 127%
105%
105
*
17
29%
"
194 Va
*95 Va
16
16%
30%
1,900
15,200
:
19
18%
$%
*95'/a
97%
96%
16%-
4,800
112%
*111%
19%.
18%
19%
8,600
,
169 3/4
167
171
112
18%
96%
*95 Va
97
*95 Va
55
54%
543/4
170
♦111 3A
19%
19
19%
18%
r
Class
Apr
22%
31%
10% Feb
60
Duplan Corp
36%
20 3/4
Co
Cup
Dixie
34 Va
Nov
423/4 July 14
May 17
Nov
—
600
36%
203A
17
23
800
30 %
36 Va
20%
16%
11
6% May 19
16
30%
37
20%
11
203/a Feb
25 3A May 19
29%
30%
36%
21 Va
36% July
0
23% Feb
57/a May 19
800
*30%
36 3A
Sep
35% Jan
4
34% Jan
97%
30 3A
36
28
13
30
32% May 19
Mo par
No par
Dr. Pepper Co
No par
Doehler-Jarvis Corp
8
Dome Mines Ltd
No par
Douglas Aircraft
No par
Dow Chemical Co common—No par
$4 preferred series A
No par
Dresser Industries
50o
3%% conv preferred
100
Dunhill International
1
20%
31V* May
35% Apr
Ltd
Distil Corp-Seagrams
14,700
35%
Nov
23% July 14
16
May
No par
Match
6%
~
21%
15%
16 3A
34%
30 3/4
21%
17%
16 Va
31
& Hudson
900
34
16%
53%
1,500
*20%
34
*52%
12%
34
,
.•
60
28
45
21
,
*12 3/4
28
42%
21
3,600
*55
17%
45
*44
23%
23%
12%
18
42
3,600
98 Va
Nov
18
13'/a Jan
100
Delaware Lack & Western
SO
Denver & Rio Grande West RR
Escrow ctfs for com
100
Escrow ctfs for pfd
100
Detroit Edison
20
Detroit Hillsdale & 8 W RR Co—100
Detroit-Michigan Stove Co
1
Detroit Steel Corp
1
De Vilbiss Co
0
Devoe & Raynolds class A
12.00
4,100
Dec
17
20
13 3A Jun
9n
_
91%
13
x30 Va May
No par
Cn
21
21 %
42%
42%
42
42
.
11%
35%
11
69
17%
28
11,800
'
,
23%
12%
28
18
27%
8'/a
&
Preferred
29
26
Feb
16 % Jan
Light Co. (The)—7
Rubber Co
50o
Records Inc
6O0
Delaware
35%
12%
23%
13
12%
2,500
36V4
*55
60
12%
21
123/4
23%
23%
*55
60
*53
63
*55
35 3A
35%
500
393/4
8
35%
12
36%
Deere
371/4
39%
11%
11%
12
11%
6,600
41%
*36%
.
8%
8
8%
Decca
40%
37%
41
40 Va
41
3,500
Sep
96% Jun
25
Apr
14 3A May 20
1
Dayton Power Si
Dayton
33% July 17
91
100
0
pfd 3%% series A
Davega Stores Corp N Y
Davison Chemical Corp (The)
Cum
July
20 3A May 16
1
Goto
Dana
Deo
19%
Jan
Sep
26'A
Jan
Sep
Oct
112%
Feb
20
:
1
100%
35
10%
Oct
21
Nov
104
Sep
19%
Sep
543/4 Feb
21%
Jun
34'/a Aug
108
Feb
34% Mar
70
Feb
49
• Oct
51
Nov
83 Va
Apr
105% Dec
109 Va
Jan
52
Nov
70% May
16
NOV
28% July
25%
Oct
46 Va
jun
115
Jan
57
Apr
Sep
20%
Jun
Oct
29
Jun
Feh
33%
Sep
Oct
16%
20 Va
105
11%
Jan
21%
12%
Oct
23% May
Volume
166
Number 4613
[THE COMMERCIAL & FINANCIAL CHRONICLE
YORK
NEW
STOCK
RECORD
LOW AND HIGH SALE PRICES
Saturday
Monday
July 12
July 14
I per share
I per
Tuesday
*83
82%
84%
*106
*10«
109
Va
27
84%
14%
14
43%
43
14%
27%
107%
26%
27%
27%
27%
25 %
*25%
25%
107%
Food
460
27%
4,700
25 Va
20
15%
153/4
15%
153/4
15
15
43
43%
43%
43%
42 3/4
43
13%
*13 Va
3% %
*13%
14
13%
Francisco
28
263/4
27%
26
26%
95%
953/4
95%
96
96
95%
11%
11%
pfd
100
Corp
10
*
25
-No par
Oo__
_10
Froedert Grain & Malting Co Inc_l
Freeport
2,300
100
26%
25%
*95%
f perthare
10
prior preferred
6%
2,500
14
Com
conv
cum
Foster-Wheeler
"
14
Machinery
Sugar Co
Sulphur
Fruehauf
7,100
Co
Trailer
common——1
STOCK
11
EXCHANGE
11%
7%
CLOSED
7%
8%
193/4
20
*15
*20
16
15%
*17%
6 3/4
63/4
34
17%
*33%
17%
♦105%
17%
,
110
147/B
106
109
56
57
10%
10%
*182
10%
186
*181%
200
♦193/4
16
*15
16
*15
16
17%
17%
♦17%
17%
*17%
17%
500
6%
63/4
5%
5%
5%
13,900
34
33
18
15 Va
57
♦181%
1
20
No par
No par
1
(The)
Co
Co
Gardner-Denver
Industries Inc
Gar Wood
4%* conv preferred
Gaylord Container Corp
15
6,500
50
1.86%
Gen Amer Investors
♦105
■% %
109
preferred
conv
BO
1
preferred
$4.50
56
56%
55%
56
2,800
Gen
10%
10%
10%
10%
10%
1,900
183
183
183
♦181%
10
Transportation
Baking
preferred
14%
14%
14%
14%
133/4
14%
13%
13%
13%
13%
900
General
Bronze
11%
11%
11%
11%
11
113/4
11%
11%
11
11%
26,700
General
Cable Corp
83
83
82
82
83
83%
83
83%
82
83
560
42
42
♦43
433/4
*43
44
300
27%
423/a
423/8
43
43
27%
27%
27%
273/4
27%
27%
158%
157%
157%
157%
157%
156%
156%
373/4
38%
373/4
38%
37%
38%
37%
38%
37%
38%
423/4
42%
42
42%
41%
41%
41%
41%
40
41%
8,100
12%
13
13
13%
12%
12%
12%
12%
12%
12%
1,100
52%
523/4
53%
400
523/4
523/4
1283/4
*1283/4
129
119
*114
119
52%
1283/4
•115
60%
60
52%
1283%
*114
28
*52
53
128 3/4
129
600
27%
158
*52
1283/4
*128%
*114
7%
Cigar
Ino
119
80
1%
61 Va
593/4
59%
60%
127%
127%
1273%
127%
128%
128%
128%
105
105 Va
105 %
105%
105%
1053/4
1053/4
105 7/a
16%
16%
16%
16%
16%
4,200
Gdn
Outdoor
20%
19
19%
19%
19%
1,300
On
PzecisUAi Equip Corp
2,100
'Jen
Publlo
Gen
Publlo
16
3%
153/4
16
16
20%
15%
20%
20
20
20 Va
*3%
33/a
143/4
15%
30%
30%
*128
xl4%.
5%
25%
25
33%
33%
110%
5%
323/4
24%
24%
3%
14%
29%
30
♦128
134
*128
134
5%
5 Va
24%
*128
5%
5%
24%
24%
32
32
33%
x32 Va
32
32
33
<
113
♦113
li.4
113%
112%
102 3/g
*1021/4
102 %
102 %
102%
92 3/4
923/4
923/4
*91 Va
28 %
27%
27%
27%
104 Va
102 */2
923/4
•91%
28%
28%
28 Va
104 Va
104 Va
104 »/a
*102
28%
104
104
:
55
54%
£4%
*53%
6%
6%
6%
121
*119
105%
48 %
49%
108%
108%
IO&V4
*108
21%
20%
21%
4%
4%
6%
35
Va
18
4%
105
12 V*
17%
18%
31%
12%
34 Va
35
-
.
31%
105%
121/4
35%
14%
14 V.
14%
14V4
44%
44 Va
44%
44%
23%
23 Va
23%
24
159%
160
*60%
63
160
34
•158
*18Va
10%
10*
34
18%
10%
104 V.
*/4
20 Va
20'/a
6 Va
6%
85 V4
12 Va
20'/a
<
6%
85 V*
*90
12
12%
46
47
71%
72 V.
63
*
34 V,
*18%
10%
lua
160
*60%
63
34%
33 y4
18%
*18%
10 Va
10%
104
104 V.*
20Va
71
45
„
-
18%
10%
Monday
July 12
July 14
I per share
71 Va
200
14
14
45
45%
23%**
'
24
♦159
*
63
*34
10%
93
12%
♦90
711/4
69%
30,500
22%
7
*90
*
f per thare
70%
30
71%
300
16,600
Gulf
FHday
16
163/4
163/4
*101
103%
*105%
106
23%
106
*155
35
*7%
35
8%
*92
f per thare
7%
28%
CLOSED
35
*15%
16
700
16%
16%
16%
16
16%
16
16
1,100
103 3/a
•101
1033/8
*101
102
*101
♦106
107%
*106
107
*106
107
*34
%,
8%
8%
7%
28
100
100
♦40
*1063/4
57%
150
♦155
35
*27
40
56%
23%
162
*28%
108
57
v
\1
150
*145
28%
.
,
*8
6%
28%
40
283/4
150
*145
7 Va
6%
■
28%
*57
<
40
*103%
58%"
*145
150
19%
132 %
133
\
62
132%
♦57
20
133
23
128%
127%
283/4
133
93
*92
128%
*19%
60%;,
132%
95
127%
150
*90
128
128%
*22%
58%
150
19%
61%;
132%
95
128%
23%
22
12%
12%
12%
12%
12%
12 Va
11%
29
29
29 Va
12%
29%
29 %
29%
28%
29
*28%
26
29
25%
26
♦24%
25%
*24%
26%
253/4
26
*25%
253/4
19%
19%
19%
25%
25%
26
26
18
*243/4
'.
18
26
■*173/4
19
23
*18
?3%
1,000
'
'
23
23
'
11%
25%-
*18%
500
600
5,500.
240
200
290
23 %
800
11%
9,200
(H
3.65%
Helme
1%
J)
Co
preferred
cum
(G
W)
nQn-cum
Hercules
Hercules
Powder——
Hewitt-Robins
Hilton Hotels
For
footnotes
Hires
Co
Holland
(C
E)
Furnace
200
Hollander
700
&
Sons
18%
18%
46%
17%
45%
46
4,700
Homestake
17
17 Va
5,200
Houdallle-Hershey
51
50%
50%
200
33%
33%
33%
500
25.
40%
Jan
2%
14%
6
*50%
33%
*100
100
100%
101
290
Oct
Oct
24% Nov
137
Oct
7%
Jan
233/4 May
48
150
May
Apr
Feb
26
6% Feb
8
4%
Oct
11%
Feb
28% Feb
8
20 V*
Oct
26%
Jun
26
36% Jan
23
29
Jan
47
Jun
132
July
May 27
101 Va Apr
19
124% Jan
29
101
Oct
Jun
9
35% Jan
2
32
NOV
49% May
19% Apr
103 % Jan
14
30
1
24%
46%
28
106
Oct
Oct
111
Feb
32% NOV
60
Jun
102% Sep
96
Oct
118
Jan
104%
Sep
22% Jan
102% Deo
423/4 Apr
108
May
30
Feb
Apr 15
40% Feb 11
21 Va May 27
101%Jun
13
92% Jun
30
08
Fab
23 y8 May 19
32
105
Mar 31
103
Jun
23
108
17 Va May 19
96% July 15
May 19
Jan 22
5
105% Jan 20
30
Feb
103
Jan
6
49% Jan
2
104 Va Jun
49
Jun
5
6
Mar
116
15
27
11
59% NOV
100% Sep
50% Nov
107
105%
Sep
113 Va
19%
Nov
5%
Oct
5%
Oct
108% July 15
4
5
8% Mar 27
41
2
12% May 19
Jan
18 3/a
NOV
12%
July 16
Jan
107
May 10
Nov
30% Mar
2
33
253/4 May 28
102
io
5% Feb
Jan 25
Jun
jan
414
May 19
,
151% Jan
47% May
7
Feb
33
13% May 13
Jan
8%
5% NOV
9
106
May
71% Feb
6
Mar
41 Va Jun.
Jan
58
105% July 15
May 14
X102
56 V*
Deo
123% Apr
13
22
106
Oct
$3
57% Jan 24
Feb
Apr
Oct
36%
100
•
51% May
6
5 Ve May 21
7
Apr
7
34
Oct
10
28
Nov
5
101
Nov
Mar
Apr
88 Va
Mar
77
Apr
Jan
Feb
43
16
Jan
12 Vs
Jan
54% May
27 V.
Feb
40%
Jun
Feb
112
2
14% Feb
10
12%
Deo
13%
Dec
Mar 28
87% Feb
18
33%
Dec
35
Dec
13
Apr 18
34% May 21
22 Va Jun 25
14% Jan
6
49% Feb
3
27% Mar
5
142% May 22
163% Jan
9
May
31
59
70
May 12
Feb
13%
21
Feb
Oct
64
Jun
34%
Jan
188%
Apr
22% NOV
158
27
5
Dec
40%
"
-
Oct
55
Oct
33% July 16
34 Va July
16 Va May 21
21% Mar
5
20%
Dec
10% July 11
27
102%
Oct
79
Feb
20%
Dec
3
17
78
May 17
93
23% Deo
6%
80
July 16
Oct
NOV
Apr
111
52%
Apr
13%
Jan
Jan
108
6 Va May 19
14% FeD
3
9%
Sep
30 V4
Jan
313/8 May 21
483A Feb
7
31V4
Oct
78%
Jan
57% Apr
72% July 14
56%
Sep
78
14
I per
thare
May
Year 1946
Lowest
I per share
I per share
Highest
t per share
8%%
preferred..
NOV
15
Oct
22
17%
Oct
112
Feb
4
108
Jan
Jan
Jan
Jan
27
39% Jan
6
IOV4 Feb
3
8
Oct
16%
100 Va Apr
7
99
Sep
106%
Jan
Feb
8
8
Nov
20%
Apr
8% Feb
11
5% Nov
15%
Jan
17
271
92
160
July 16
12
6
May 19
4% May 19
25 Va May 16
22
100
35% Jan
35
May 16
106
Mar 31
'52%
July
July
Jan
109%
20 VB
Sep
151%
Nov
33
Nov
8
13
29 y4
28%
Oct
Nov
Nov
101
41%
Dec
Apr
Apr
34% May
170
Aug
60% May
Jan
36
Dec
51
May
109% Mar
44
105 V*
Dec
Dec
July 14
103
Dec
61
Oct
90
Jan
192
Aug
68
Jan
29
9
165
Jan
22
169 Va
Dee
22 V4 Feb
8
17 y4
Nov
38%
46%, Sep
Jan
72 V*
139
Apr
May
63
134',
92
17
130
76
Sep
106
30
123
Nov
146 Va
Jan
132
*
.Feb
5
Mar 21
July 15
29% Jan
11
23
13% July
26
11
32
22% Apr 17
213/4 May 20
14 % May 28
(A)
105%
30
2
42^4
May 21.
19 V*
Jun
30
1
Aug
3
51 Va May 1&.
131% Jan 10
119% Jun
119
14
108
14% May 17
74
Oct
30% Jan
13
24
26% Jan
103
103% Apr
May 21
Jan
Jan
24%
28% May 19
6% May 19
150
4
Jan
Apr
,
-22
Oct
26
Nov
Jan
39 Va May
3
x43
Feb
10
29
Jan
29
21%
Sep
41%
71
v. .Ton
1
22%
Oct
July 17
18
Deo
40
23
Jteu
48
May
37%
Apr
May
com— —No par
—100
«0
22
Sep
34 y4 May
13
34%
Sep
56
Jan
19
197/a Feb
1
12%
Oct
28%
Feb
46% Apr
com.—
Jun
13% May
Mining
$2.25
preferred.
Household Finance
35
4
Jan
39
143/4 May 27
Apr
19% Apr
40 Va May
11
19 V4 Feb
19
16
Holly Sugar Corp
19
page
Apr
3% May 17
18% May 19
30
The—
(Del)
17
see
Dec
29
21% Nov
140
Feb
Nov
8
31
Feb
103
Feb
May 19
80%
132
26
May 19
17
May 19
35% Jan 23
600
1,000
19 Va
Oct
Dec
17
10% Jun
25%
45%
100%
47%
124y4 NOV
101%
18
20 V. Jun
25%
19
*993/4
11
Mar 25
6
Jun
Inc
17%
100%
65% Feb
129
Apr
Corp
46%
34%
Jan
105% Mar 31
14
Hlnde k Dauch Paper Co..
18%
34%
Jan
123
1
33
—
500
17 Va
33%
135 Va
Sep
Range Since January 1
Highest
5% preferred.—
Hershey Chocolate.——
$4 conv preferred—.
45%
993/4
Deo
114
3
-.
18%
33%
126
2
Jan
~B43/4 "Aug
6
in
—
19%
99%
Feb
Tun
25
R3/a .Tor.
prefeired..
Motors
17%
34%
56 Va
Feb
131 V« Feb
xl22
27% Feb
.25
46%
99%
Feb
Oct
42
54% July 11
105% Feb
100
25
100
preferred
3%%
Heinz
163/4
*33%
Dec
3
6
25
15
Co
46
51
Apr
33%
9
52
19% Jan
133
Apr
182
156
13% May 20
19
40 3/4
Oct
39%
3
18
2
Corp.
Hazel-Atlas Glass Co—
Hecat
30
600
Mfg
17%
*50%
125 Va May
160
19%
50
May 19
100
—10
1
100
1
47%
50
43
27%
7
16% Mnr
.
15
163/4
51
May 19
Jan
45% Jan
6
104
19
*50
8
(M A) Co $4.25 pfd—No par
Harbison-Walk
Refrac
No par
47%
*18%
Feb
39% Feb
May 27
4% May 14
Hanna
10
61
127
33
160
May 27
130
20
126%
j.j
10
100
preferred
conv
Hayes
400
613/4
*23
Jun
98
3,800
.7
40
41
108
60%
133
126
47% Aug
5
2,700
:
108
*39%
*106%
♦19%
*91
.
27
60%
■
Sep
Oct
28
7%
500
73/4
100
193/4
92
x35%
47 Va Feu
9% Jun
No par
Co
Watch
_20
34
27
193/4
■92
•}
100
59%
88
Hamilton
Water
Printing Co
(WF)
6%
27%
59%
88
90% Aug
Range for Previous
preferred—.,
Hart, Schaffner & Marx
Hat Corp of Amer class A_
4%% preferred
Hayes Industries Inc——
*7%
28%
20%
133
Deo
Lowest
93%
34
*90
7%
3,500
162
100%
20%
133
.
60
27%
40
150
Apr
74%
H
Hall
4%
100%
107%
57%
i.
.
8
28%
273/4
34%4
8
6%
23%
*155
93%
.7%
100
*106 3/a
.
*7%
7
23%
162
*90
8
57%
57
34%
'*
92
73/4
233/4
*155
35
*7%
273/4
41
23%
162
92
r' 1
100
107%
23%
593/4
/•'
(
Hackensack
102
107
273/4
40
EXCHANGE
*33%
16
7%
,
100
108
■:-i
35
16
28%
27%
*99
«'*'•
*33%
16
233/4
Apr
83% July 16
100% Jun
Par
"J-
35
16
95%
8%
7
*33%
.
Apr
16%
May 19
6
EXCHANGE
thares
16
8
-
95%
8%
STOCK
23%
162
34%
1
*101
23%
♦155
'f
16%
35%
24
STOCK
NEW YORK
200
Dec
28%
151% Feb 21
3
28
109
Sep
100
Corp
the Week
May
Nov
Apr 28
37 % May 16
31
Co.
preferred
Oil
21% July
24
Deo
No par
Sales for
July 18
.
*34
16
10
Inc..
1
Guantanamo Sugar common
1
$8 conv preferred
No par
Gulf Mobile & Ohio RR
No par
$5 preferred
No par
21,600
47
70 V.
I per share
V
■'
35
153/4
B
No par
Grumman Aircraft Corp
10,200
12%
*45%
Thursday
July 17
July 16
f per snare
B
City Steel
4V«%
Deo
STOCKS
Wednesday
July 15
30
No par
New
320
5,900
92%
11%
47
130
1,100
10%
6%
12%
*45%
,
•
100
104
211/4
94
12
47
34%
10
7%
2,600
18%
104
22
3,700
10,300
63
<-
*18%
104%
..
161
♦61V.
■
10Va
7%
70
Tuesday
t per share
*34
No par
(W T) Co
3% preferred.
2,000
104Vt
7%
♦451/2
12%
35%
-34%
18%
20%
11%
47
12 Va
*34%
141% May
8%
8
Grant
350
Jan
13%
8
No par
5
100
Grayson-Robinson Stores Inc——1
$2.25 cum. conv. pfd.——No par
Great Nor Iron Ore Prop—No par:
Great Northern Ry 8% pfd—No par
Great Western Sugar—
No par
Preferred
100
Green Bav k West PR
100
Green <H L) Co Inc new—
.1
Greenfield Tap & Die Corp_No par
Greyhound Corp (The)
Granite
1,900
Nov
13
4% Feb
4,000
18
30%
Deo
15
*170
16% Jan
31% Feb
Grand
106
67% May
38
78
9
2% May 16
Graham-Paige Motors
Granby Consol M84P.
Union
Jan
Jan
May
1
July
11% May 19
1,000
18
161
34
20%
93
12%
19,300
4
24
5
No par
100
1,000
301/4
141/4
18 Va
104
4%
LOW AND HIGH SALE PRICES
Saturday
No par
6%
'
! "24.
*60%
~
300
17
11
3
(B F) com
No par
$B preferred—
No par
Goodyear" Tire k Rubber——No.par
$8. convertible preferred—No par
Gotham Hosiery
No par
1,700
Deo
7%
Apr
14% Feb
51% Jan
35 V.
*105%
45%
,
*158
33 Va>-
:
,
29%
18% Jan
*101% Jan
Goodrich Co
200
5,600
12%
23%
7%
8
18%
14'/4
-
.■><
:
185
6
(The)
Goodall-Sanford
2,400
f
,r
35%
19%
93
V*
*45 Va
14V4
30
3,000
v
26
Sep
16
Jun
6%
311/4
*34
45
23 Va
4,400
i
Nov
May 19
113/a Jun
110
No par
AVt% conv preferred
60
Goebel Brewing Co
1
Gold k Stock Telegraph Co——100
Co
Feb
109
126% Mar 14
100
No par
Razor
preferred
$4.80
Glldden
100
:
■
203/4
4%
106
12Vt
2,100
8
16% Feb 13
5
11
1
351/4
6%
18%
110%
20 Va
4%
30
108
*108
37
.♦105V2
12%
•34 V.
23 V.
.
4%
200
..
Mar
38% Jun
.100
preferred.
preferred
Safety
14%
18% Feb 24
110
10% May 19
No par
100
$6 oonv preferred
Glmbel Brothers
18,500
<
56%
«
46%. 473/4
21%
*6%
31%
*106
110%
21%
...*35%
105%
55
,
48
6%
32%
12%
57%
35V2
44
♦60%
Gillette
400
123
31%
105 Va
6%
105
35
56 Va
.35%
:
31%
105/a
4%
4%
6%
35 Va
18 V*
32%
32%
*158
;
47
58
55
"
6%
*120
31%
57 Va
99
413/4
6%
121
31
♦103%
*203/4
105
27
6%
122
303/4
31%
*08
17%
13%
*54
55
49,%
18 V*
12%
413/a
583/4
6%
*33 Va
*96%
42%
106 Va
36%
32
98%
41%
26
58
22
105
*96%
42
v49
108
.
96%
*104
49%
6%
26 %
26%
42
30
58%
4%
25 %
25%
96%
42%
6%
20
20
1 105
96%
120
*33 Va
♦104
Corp
preferred—,
4% %
$44%
.
27%
253/4
*54
■313/4
21%
104
'
6%
*107%
preferred
Telephone
iy*%
43% Feb
May 21
32
1
General Tire & Rubber Go
6,500
-
93
42%
105
48%
50
10c
-Nopor
Corp
Gen Steel Cast $6
*
28
24%.
,
99
42%
121
58
*91%
96%
24%
54%
105
Shoe
50
July 17
14Vi May 21
85
71
General
923/4
31%
General
5,200
29
100
Gen Time Instrument Corp—No par
26%
9% Feb
15% May
11% Jan
21
17
3
19% Feb 28
May 17
8
2,400
*102
102%
•119
Refractories.
1Q6
5
Oct
Sep
Apr
2,400
263/a
May 24
14% May 17
2
168
1
♦104
Sep
18%
7
Jan
No par
1
26%
10%
17
July 15
*17% Feb
12 Va
Apr
24%
104%
8 3/a
21
143/4
34
26%
17% Feb
12
71%
24%
104
10
53/4 May 17
Sep
33
263/4
9% Jun
18 Va Jun
Sep
24%
106
July
Deo
33%
26 Va
112
103% Mar 10
10%
323/4
*104%
93% Jun 27
48
24%
26%
Sep
2
104
24 Va
106
Jun
99
Jan
9
33%
923/4
6%
preferredRealty & Utilities
Gen
310
48
39
lOo
General
113
Nov
10
17
24 Va
'
•54
Service
Utilities Corp
1,500
'
28%
233/, Jun
31
common—No par
1,900
,
27% May
Jan
323%
26%
.;
Adv
3,800
1
Nov
18
13% Feb
24%
•104%
42%
series
Gen Railway Signal
8%
5%
'243/4
Jun
18
Jan
68% Jan
32%
27
24%
2,900
134
5%
24%
5%
25
20,200
$3.75
'
lljJ/4
106
*96%
-
14%
30
Jan
61
Mar 12
24%
26%
104
3%
143/a
30
Preferred
Feb
35%
Sep
Apr
May 17
323%
"
*104%
*102
3%
14%
30
25%
113
113%.
323/4
3%
3%
14%
30
134
5%
25%
33%
33%
14
30%
*128
134
3%
14%
!
30
General Motors Corp
$6
preferred
46,800
1,500
1,200
28
Sep
45%
22
10
59%
127%
'
Sep
20%
16
No par
No par
60%
127%
105
61
25 Va
6
12% Jun
100
105
.
15
10
26% Jan
25% Jan
100
preferred
127%
61%
Jan
100
Apr 17
No par
common
conv
49%
60 ya Feb
No par
preferred
I%%
NOV
10
——No par
Co
General Foods Corp
General Instrument Corp
Mills
Sep
19%
48
100
Electric
General
71
29% Feb
105
B
preferred
General
7
13
July 17
19 % May 17
23% May 23
12 % May 20
36 Va May 19
No par
preferred
conv
2nd preferred
General
60
129
119
*114
119
27%
*156
108
Highest
# per share
6
—
Corp
1st
4%
25,300
*156
4%
,
*4% Jan
5
Amer
$8
8 per thare
100
General
185
1
common
(Robert)
erred
10
143/4
109
Gamewell
3,800
.
(The)
100
lae
otv.
107
♦103
15%
*105
6%
300
17%
Co
Co
Galr
56%
xl03/4
185
17%
107
14%
15%
30
♦29
18
*103
109
56
10%
29
173/4
17%
112
♦105
6
29
33
17%
♦105
8
preferred
eum
Gabilel
200
6%
109
.56%
25,400
20%
15%
*105
4%
2,700
8%
8%
*19%
♦15
106
15
15%
*105
11%
20 Va
8%
20 Va
18
17%
11%
11%
8%
*193/4
.
16
6%
11%
11%
8Va
20%
17%
34
11%
8%
95%
Lowest
$ per thare
GO3/* May 17
1023/4 Jun
4
•
180
Year 1946
Lowest
Par
300
Range for Previous
Range Since January 1
Highest
.
Shares
107%
27
*25 Va
15
27%
95
EXCilAiNUfc.
&3
43%
*13%
277/a
95
J/4
108
107%
25
14
108
83
85
84%
27%
25
43%
*83
NEW YORK STOCK
f ver snare
share
*25 %
109
27%
25'/2
*13%
I per
84%
27%
*25
July 18
July 17
I per thare
Ssles for
the Week
Friday
Thursday
July 16
I per share
share
STOCKS
Wednesday
July 15
(275)
15
56
Feb
21
46
NOV
52%
Apr
28% Jan
11
34 V4. July 10
27
Sep
35% Jun
97% May 26
103% Jan
20
99% Deo
111%
Jun
19
,20
THE COMMERCIAL & FINANCIAL CHRONICLE
(276)
STOCK
YORK
NEW
RECORD
STOCKS
LOW AND HIGH SALE PRICES
July 12
I
I per share
$ per share
per share
Wednesday
July 16
$ per share
Tuesday
July 15
Monday
July 14
Saturday
44
42%
43
24
24%
24
24%
24'/a
24%
24%
24%
24%
25
25
38
38%
37%
38 Va
38
42%
38
4%
-
42%
43
43
24%
24
24%
25%
25
25
38
36%
37%
*25
37%
4%
4%
5 Va
10%
*10%
11 Va
10
10
10
10
38%
38%
39
38%
38%
38%
38%
39
16%
17%
17 %
17%
18
17%
18
21%
21%
21
21
18%
21%
5 Va
5%
5
18%
20%
20%
20%
21
5%
5%
5%
5%
36%
37 Va
37
26
26%
25%
26%
49%
49%
96%
49%
49%
95%
96
22%
22%
10
23%
10%
'
14 Va
Oct
35
Apr
29
5
24 ya
Oct
47
July
31% May 19
38% Mar 28
30%
Oct
60% Feb
preferred
May 19
7% May i6
Car_,
No par
6.66%
7% Feb
May 14
12% May J.9
15 % May 23
1
3% May 20
Foods Inc
Hupp Corp
Feb
12%
Jan
11 ya
Deo
25
Jan
33
Sep
45% May
13
14'/a
Oct
34 Va Mar
2
25 Va
Oct
49 ya
Jun
5
5%
Sep
10%
Jun
31%
Sep
44%
Apr
T —-18% Oct
41 ~ Dct
7
45%
Jan
85
Jan
99%
Apr
28
13% Mar
33
No par
Hunt
1,500
247/a July 18
3
—100
& Sm Ltd
Motor
30
16% Jan 16
100
Manhattan
&
non-cum
S per share
20% May 19
Hudson
17,500
5%
5%
6%
$ per share
25
;
Hud Bay Mln
40,000
17%
"20%
t
5%
400
2,100
•
$ per share
45 % Jun
Highest
Lowest
—1
5
c
Sound Co
Hudson
2,300
10%
*10
Howe
v t
Stores Corp
Howard
2,000
•
39
5
4%
37 Va May 21
Houston Oil of Texas
"500
4%
4%
4%
*4%
10%
tper share
Houston Light & Power Co,
New
common
—No par
900
Year 1946
Highest
Par
13,900
'
38%
Range Since January 1
Lowest
EXCHANGE
Shares
24%
24%
Range for Previous
STOCK
NEW YORK
Sales for
the Week
Friday
July 18
$ per share
Thursday
" July 17
I per share
m
43
*42%
43%
Monday, July 21, 1947
20% Feb
30
.
Jan
7% Feb
Oct
5
3
43% Feb
i
37
36%
37
26%
27%
50
50
26
26%
26
26%
50
*48%
49%
97
*95%
97
*95%
23%
22%
23
*22%
10%
10
10%
26%
27
26%
26%
26%
26%
15%
15%
15%
16%
16%
17
50
*95%
97
*95%
*22%
23%
*22 Va
9%
9%
9%
26%
26%
15%
15%
STOCK
37
37
37%
•
37
Idaho
1,300
RR
130
CLOSED
42%
43 %
43%
127
175
44
44%
*170
175
Indianapolis Power
4,400
Industrial
43%
130
*126
129
127
175
*170
,
127
*170
.
37
37%
36%
37%
36%
37%
15%
15%
15%
15%
15%
15%
3,400
*7%
7%
400
7%
*7%
7%
7%
7%
7%
44 y4
43%
43%
44
107%
*107
12%
13%
94
*7%
44
7%
45
43%
107%
xl06
106
*105%
107 %
4'/a %
180
4%
4%
4%
4%
4%
4%
4%
13%
13%
13%
13%
13%
20,200
94%
213
213
214
185
*211
89
210
215
94%
92
29%
29%
♦85
89
•
8
29%
30
85
30
185%
8Va
7%
-n
May 13
87
Sep
July 11
14%
Oct
July 17
6%
Oct
\
23
Sep
/
11%
Sep/"
/23
J 10%
"*
30% Jan..25
14
17
x
July 17
177
45
Feb
May 27
133
Feb
4
Apr 29 '
Apr 19
107
—No par
8
/Feb
/ Feb
54
x35y2 May 20
1-100
180 % Feb
18
,
33
17
/36
,
37% Jan
\
5
85
*85
185%
OO cn
185
7%
8
29%
29%
90
Corp
•9,800
31%
32%
32%
Jun
Jun
Aug
54
40% Feb
5
33%
Sep
44%
13
13 %
Sep
22%
8% Feb
8
7%
Sep
11% May
Jan
9
131%
131%
131%
130%
131%
49%
48%
49%
47%
48%
112
May
5%
Deo
13%
10%
Oct
20 %
r„No par
192% Apr 29
225% Feb 13
95
July 14
186% Jun 12
International
it
Jan
21
Mar 21
Feb
105
10% Feb
.
Aug
Jan
195
L
66% Nov
102
Jun
202
Apr
175%
Deo
6%
11
105%
105%
*105%
106%
♦105
106
12%
13%
ia%
112%
113
112
112
54
55
55
55
43%
43%
43%
43%
43%
43%
49
49
49
49
♦33
37
♦33
37
111
55
54
Oct
15%
48%
*33
4%
700
31%
16,100
31
Jun
20
27
Sep
45
Jun
Apr
96
Jan
29
90%
Deo
101
Aug
23
14
.2,200
113
250
56
400
*42
43%
600
International
500
International Silver common
106%
133
56
107
113
;
43%
43%
47%
48%
49
*47%
49
37
*34
13%
14
.
300
Intertype Corp
43 Va
200
Island Creek Coal
13%
14
13%
13%
13%
13%
13%
i3ya
24%
24%
24%
24%
24%
*24%
25
24 y4
25
25
*24%
*43
67,200
1,900
25
24%
11%
Feb
42%
Feb
♦43
44
*152%
9V4
9%
10
101
♦120%
122%
120%
*rp
150
109
36%
xl7%
,.,*107%
109
150
*110
18
34
34%
95%
*95
95%
36,
36%
'
..
.
36V*
36
109 t. • "
1501"< It'
34%« i
95% t
33%
*94%
35%
18
*17
11,600
9%
500
3,900
'•
200
38%
Sep
95%
Oct
26% May
18
Feb
20
101 %
Sep
5
52%
Sep
70% July
36
Oct
49%
Jan
39% Nov
60 Va
Aug
Dec
42 Va
Aug
58% Feb
•
43% July 14
50% Apr
2
40
9% May 17
20
Feb
37
7
50
i
.
.
36%
"
2,000
'•
*
19,900
'
300
'
3,200
-1
Jersey Cent Pw & Lt i%
i
-
11
17% Feb
,May 17
11
14% Nov
31%
Feb
11
23%
Dec
50
Apr
8
20 %
Deo
34% July
39%
Dec
50
Aug
Deo
163
Jun
8% Dee
Dec
108
25
July
45
Jun
19
141
153% July 11
13%
104%
53
45
Feb 14
Feb
4
100
45% Nov
Jan
2
July 14
123% Feb 6
33
July 14
112
Jan 11
__
May
Mar
31% Nov
109
140
25% Jan
3
3
14:
8
101% Feb 18
36% July 2
4
Jun
Feb
39
,
.
Sep
111
__
27% May 17
x93
Feb
31%
14% Nov
17% Feb
6% Jun 10
99% May 27
39% May 20
37
Jun
2
J10
May 19
25% May 19
107
May 15
pfd—100
Jewel Tea Co Inc—
No par
Johns Manville Corp new—No par
3%% preferred
.100
Johnson & Johnson new—"
12%
4% 2nd prefered ser A
100
Joliet & Chicago RR stamped—100
Jones & Laughlin Steel—i,—No par
5% pref series A
100
Joy Mfg CO
1
July
125
26% Feb
14
38% May 20
143% Jan
2
1
Dec
Aug
Feb
26
Apr
55%
113
16
2
19
11%-Nov
Feb
148
116
9% May 17
'
1
Co
(F L)
Jacobs
240
49%
50
43%
44%
*120
121
31%
31%
108% 108%
*110
150
33
33%
*94%
95%
35%
36%
44%
119
31%
*107%
.*.110
150,
35%
95%
•b074
<36%
'
—No par
—
$6 preferred
101% 101%
50%
44
119
*31%
31%
34%:
35%
50%
122
9%
9%
101%
101
51
44%
.*119
31%
32%
*107%
*110
109%
,134%
120Va
32
33
*107%
.
*152% 157
157
9%
9%
101%
*49
44
44%
44
45
31
9%
50%
50%
50%
43
43
*152%
.157
101%
9%
101
101
102
50V2
44%
*152%
157
*24
44
♦43
44
*43
.
157
13%
Jun
2
2
40 y4 May 19
32
Oct
Oct
Aug
133
'
♦24
25%
♦152 J/a
-25,
25
13%
12%
23%
37% Jan
4%
28 Va
8
8
-
106'/a July 11
3
46%,Apr 23
No par
,
500
12%
13
23%
Shoe
Jun
9
May 19
104% May 16
7%
13%
13%
13
♦24
100
preferred"—
25
Intern'l Telep & Teleg——No par
Foreign share ctfs
No par
Interstate Dept Stores
No par
12%
13
9
38% May 19
Co
$4 preferred
37
*33
37
5% Feb
36% Feb
136% Apr
53% Jan
130 y4 July
-
International Paper
500
13%
13%
Preferred
16,800
47%
47%
*105%
*54%
Nickel of
100
—115
1——,——No par
Inter Rys of Cent Am
.—No par
5%
preferred
100
International Salt -—
_No par
*132
48%
113
3% May 17
x29% May 19
Mining Corp.
1
Canada—_—No par
International
Int
230
Apr
May 19
84
100
*54%
132
13%
13%
112%
12%
132
4%
Feb
Feb
Jun
250
22 %
3
preferred
May 19
.
.
7
13
6
_L25
Chem_
108
May 19
176% Jan
100
5,900
May ' 2
-
70.
No par
-I—-
Mln
Feb
May
11
30%
31 %
31%
47%
♦12%
Jun
59
35% Nov
13% July 17
lot HydrorElec Sys class A
4%
50
9% May 19
600
100
35% May 17
3
4,000
.
5
105
7%
89
Jun
„100
185%
*86
4%v
31%
48%
105%
r
No par
-—
29%
89
4%
5
32%
130%
*112%
Jan
190
No par
preferred
Preferred
7,
par
7%
29%
*85
89
*4%
5
♦4%
5
32%
May
151%
Sep
168% Mar
■
32%
Jan
36
22%
«116--*Oct
''
16%
17% Feb
12 Va May 19
20
—1
Inc
Int'l; Business Machine
InternationalHarvester-
'
8 Va
1
No par
Interlake Iron
700
211
£'9
185%
8 Va
93
95
183 Va
185
7%"
12y8jJan
;
30
9&4
7% May 19
23'/a May 19
No par
—,
Intercont'l Rubber
2,000
13%
*
95
184%
Lt
„:
Ctfs
Interchemical
600
43%
*43%
13%
♦211
16
Inspiration Cons CopperInsuranshares
'
215
Jan
Jan
'
44 Y*
212
„
Inland Steel Co_
4,600
15%
Rayon
&
Ingersoll-Rand •:
6% preferred
700
175
37%
4
15
Industria Electrica De Mex, S A
43
44%
21
__5
1,600
15%
12%
Co
3,000
37%
*107
RR
16%
15%
4%
Terminal
Illinois
Jan
1000
A—
26%
38
108
series
ctfs
16%
15%
4
Stic
93
39
Vb May 19
37% May 21
100
26%
37%
108
18
May 19
100
9,800
-175
*170
*
43%
44%
-
*125%
128
126%
127
*170
100
—
10
9%
"
EXCHANGE
30
„
Co
Leased ,lines
40
_20
preferred ^series A
6%
.4,100
•
RR
Hlinols. Central
21,300
..
Co
Power
24%
Jan
July
59 Va May
153
Apr
115%
Feb
Feb
150
53%
Feb
Sep
108
May
18% Oct
34
Apr
17% Oct
36
May
99
'
K
18
*16%
*16%
18
18
*17
400
Kalamaxoo
Stove
Kansas City
107%
*106%
107%
107%
107%
*106%
107%
107%
*106%
107%
24 Va
24%
24
24%
23%
23%
24%
23%
24
57%
57%
57
57%
*56%
57%
57
57
57
57
16
16%
16
16
16%
16%
16
25%
25%
*24 %
19%
19%
19 %
19%
47%.
48%
47%.
44
44
30
107 Va
25
*24
16%
16%
24%
24
24
18%
19
18%
18%
18%
47 Va
46%
47%
43%
43%
*43%
24%
24%
24%
25%
108 Va
108%
16%
46%
44%
108 Va
108
800
*24%
24%
19
48
24%
4,700
'
*43%
-
24%
24%
46
109
44%
-1,700
12,300
25%
108%
109
300
46%
25
25%
1,800
-
.,*43%
44
25%
H o CO
,
109
'
.
,
300
8,300
1,720
-
"
15
15%
74
74
30%
31%
15%
15%
15%
15%
75
*74%
75
75
30 Va
30%
15%
15%
*15%.
15%
800
76
*75%
*75%
76%
80
30%
31
31%
31
rcy2
on
97%
98
98 Va
99
98 %
98%
39%
0"l/2
39
0-7
89
39%
38%
39%
38%
39
38%
39 Va
i-
£x%
Uisv-t
52%
52%
52
52%
52%
52%
51%
50%
51%
50%
51%
50%
51%
50%
51
V8
i-.y
50%
-
-
30%
32
'
"
8,100
450
.'4
2,400
•1,300
2,400
'
Monday
July 12
July 14
f per share
—10
Furn—.
100
—
Kayser
(Julius)
Class
&
Co
—5
—1
•.
1
B
Wednesday
July 16
July 15
I per share
I per share
I per share
22% Feb
May
May
May
May
17
19
19
17
20
2
No par
52%
49%
27%
116%
20
85
33%
39
Apr 15
22% Jan 16
104% May 19
—1
Kinney (Q R) Co,..,..,
$5 prior preferred
Co Inc
pfd 4% series
Kresge (8 S) CO—
Kress (S H) & Co
Koppers
Cum
(The)
Co
11%
65%
25
95Va
34
45
No par
-
^10
——100
-10.
No par
May 20
Jun 17
May 19
July 14
Jan 16
Jun
3
18% Oct
Sep
Dec
19% Sep
■
-
Jun
67
Jun
34%
Jan
11% Nov
41
Sep
Jan
Feb
Feb
Feb
Feb
Jan
Feb
40%
45
15
7
39Va July 11
59
Feb
4
51% July 15
40% Apr 29
—No par
;
Feb
2
13
13
1,3
7
6
13
99% Mar 6
41% May 17
Keystone Steel & Wire Co—lNo par
Kimberly-Clark Corp—
—No par
1% conv, 2nd preferred.
—100
Kennecott Copper ;
Kroger
10
108 Va Mar 5
28% Feb 11
58 Va July 7
17% Feb 13
26% Feb
8
Jun 26
13% Jan
30
Jan
60
% Apr
32%
21%
108%
15%
82
26%
96
33
43
July 17
I per
July 18
Feb
55
May
30% Aug
108% Dec
29
Jun
100
Aug
46
Jun
101
Sep
45% May
62% May
65% May
Range for Previous
Year 1946
Range Since January 1
Highest
STOCK
I per share
tper share
I per share
Par
Shares
Highest
Lowest
Lowest
EXCHANGE
the Week
f per share
share
NEW YORK
Sales for
Friday
Thursday
Jan
Nov
Dec
Feb
Dec
Oct
Dec
Nov
Sep
26 Va
43% Oct
STOCKS
•
Tuesday
Jun
105%
16
<47%
13%
20%
-No par
100
Kelsey Hayes WhT conv cl A
LOW AND HIGH SALE PRICES
Saturday
St
Pwr & Lt Co—
preferred
Kansas City Southern
4% non-cum preferred
3.8%
S per share
"
L
5%
30%
12%
*52%
5%
5%
12%
*12
5%
*11%
12%
31%
31%
31
12%
12%
12%
5%
5%
12
12%
*11%
31
31%
30%
5%
12%
12%
12
;
5%
5%,,
13
*11%
31%
31%
12
12%
3,900
Light Co
4
La Consolld 6 % pid—75 Pesos Mex
Lambert Co (The) ;—
No par
1,600
Lane
5%
11,800
12%
600
32
12%
55
*53%
55
*53%
55
*53%
55
*53%
55
44%
44%
*43%
44%
43%
44
*42%
44
*41%
44
26
26%
26%
26
26%
*98
26
102
*98
102
*98
*
102
26
*98
26%
26
102
*98
26%
2,100
102
11%
38%
"38%
6%
6%
6%
6%
6%
6%
6%
6%
6 Va
6%
5,900
2%
2%
2%
2%
2%
2%
27/8
2%-
2%
10,900
•
STOCK
2%
11%
U%
11%
11%
11%
11%
38'
38
37%
37%
37%
37%
*17%
CLOSED
*17%
20%
EXCHANGE
40
21
20%
7
7
45%
40
20%
6%
46%
17
22%
54%
6%
45%
•
17%
22%
'
55
,
46
-
*17%
20 Va
6%
45%
*16%
20%
6%
6%
46
>*37 %
37%
*17%
600
67/a
•
:
1,400
1,300
45%'
46%
6,600
Lehman
Corp
15%
16
1,000
Lehn
Fink
22%
21%
22%
2,500
Lerner
55%
55
56
55%
55%
3,700
Llbbey
9%
9 Va
9%
9%
9 Va
33%
33%
9,
33%
9Va
33%
7,300
33%
33%
91 %
33%
91
32%
33%
90
90
1,200
89
90%
90%
91
♦187
90
188%
189
90%
189
43
43
53%
54%
59%
60 Va
*187%
43
*53,
'
43
,
58 %
53%
59%
52 %
53
52%
53%
24%
25%
23%
23%
101 Va
101%
*100%
13%
102
14%
18%
20 %
43%
*52
189%
55
55
55 %
22%
23
23%
23%
105
-
58%
55
22%
*101
55%
-
105
13%
14
13%
13%
6,000
24%
23%
24
23%
23%
11,000
67%
67%
67%
68
6&'Va
19
19 %
19%
18%
18%
19%
19%
19%
19%
20
18%
19-
20%
*
167
18%
19%
166
165
166
Carbonic-Corp
3% %
preferred
Lockheed
Loews
■
Aircraft
Inc :
167%
150
25 Va
25%
*25 Va
25%
1,300
Louisville Gas
46%
46%
45%
46%
1,200
Louisville
25.
—
&
b El A
Nashville
—No par
50
38% May
6%: Oct
15% Apr
: 41
Va Oct
Oct
43
Nov
Jan
65%
33
Jun
May
74'/a
15'/•
Jan
11
Apr
3
10
Oct
Apr
3
28%
Oct
96% Jan
2
83
Sep
102
Feb
10
183
Dec
210% Mar
43% July 17
62% Feb 17
37 %
Dec
65%
Apr
44
NOV
88
Jan
43
Oct
66
Feb
181 '
40
:
•
44 Va May
35
'
May 19
Apr
16
47
'. Apr
14
38% Apr 14
19 % May 17
190
60 % July
14
55% July 18
30% Jan
9
27% Feb
.23% Nov
37%
43 %
99
Deo
20
Feb
20
18%
Dec
20
27
Feb
13
25% NOV
41
79% Feb
5
Jan
94
9
May 19
58 Va May 19
16
26
109 % Feb
22 Va Feb
8
64
17%
3
29
160
25
May 23
29 Va Jan
31
40
May 14
53
Feb
7
Oct
Nov
X20
Jan
21% Jan
172
4
-
Deo
24% Sep
45%
Oct
■'
Apr
Jan
May
48% Dec
10% May 17
99% Jun
165% Jun
167%
25%
46%
10
Nov
May 16
8
100
167%
25 Va
46%
11
50% Feb
18 %
Jan
Apr
29%'Mar 15
12% May 19
25%
page
9% Feb
:
~13
5%
78
,
17% Apr
47%
see
25% Feb
17%
64
10
-10
25
17% Jan
55% May
Sep
Oct
59% Feb
par
47
Apr
Apr
Jan
21% Nov
par
25
.
"
2 Va
21%
Long
47%
11
6
Lone
Star Cement Corp—No
Bell Lumber A
;—No
Loriljard (P) Co—
—
7% preferred
Sep
8
1,700
3,000
?5
footnotes
8% Feb
3% Feb
6%
Jan
May 19
Corp——
1
-———No par
34%
Feb
33% May 27
'—No par
:
100
-10% Nov
24
par
par
9
1
25
par
par
^
Oct
Sep
49%
s
3
Jun
2,100
\
47%
For
12% Feb
44 Va Jan
May 17
46% May 21
100
——
Liquid
100
24
20
Preferred
102%
82
Jan
May
20%
Sep
17
Corp——„iNo par
Ford Glass—No par
Libby McNeill & Libby —
—7
Life Savers Corp
5
Liggett it Myers Tobacco—25
2,300
1,600
67
*166
Dec
49
14
Prod
2,900
59%
23%
8t
Lily Tulip Cup Corp--—'——No
Lima
Locomotive Wks—--No
Link Belt Co————No
Lion Oil Co
;
No
2,000
53%
*101
140
900
54%
58%
102
;
43%
52
58%
*100
191
43%
53
59
,
*190
43%
24%
67%
24%
67%
167
189
13%
24%
18%
53%
1,900
13%
67%
20 Va
42%
9
14
24 Va
♦ICG
189
42%
53%
59
9%
13%
67
(The)'
—
1
Corp—l——5
Owens
,
33 Va
9
52
4
2
13
38% May 19
Stores
54%
55%
'
8
30 % Feb
101 ,;.Apr
■
16
68
8
v 97 Va Jun
13
preferred—'——100
9%;May 20
10 30% Jun 10
Lehigh Portland Cement—i—29 .•
4% May 17
Lehigh Valley; RR ——50
1% May 19
Lehigh Valley Qoai.—'—No par
Non-cum preferred
50
14% May 19
$3 pon-cum 1st1 pfd—i.—No par
1
V 5% Jun 17
60? non-cum 2nd pfd——No par
46%
14%
Sep
13
cum
16.
-
Deo
Feb
56
19
Lehigh Coal & Navigation Co
22%
23
Sep
21% May 19
3
9%
5%
11%
38
56% Feb
% Jun
_—
20%
6%
7
■
40
20%
20%
3,600
45%
23
55"
40
11%
16%
17
22%
J
*17%
>
23
*16%
-
40
20%
11%
-
3
8
31
14% Feb
May 20
38
& Sons Co.—
Feb
Jank
Jan
"May 15
10
49
Lees (James)
7
14
44
13% Nov
———No par
preferred :
—.'——50
3.85
'
11%
28
Bryant
4%%
:
26
May 21
11% Feb
1
Lee Rubber & Tire ——J.——5
;
500
4% May 19
Gas
Laclede
120
45%
35
Jan
Aug
Jan
Apr
May
Jun
31% Jan
197
Aug
32% Jan
72%. Feb
'
Volume 166
Number 4613
THE COMMERCIAL & FINANCIAL CHRONICLE
(277)
LOW AND HIGH SALE PRICES
Saturday
Monday
July 12
July 11
I per share
Tuesday
t per share
25 %
25
100
18%
25%
*99
19
t per share
%
25
25 Vb
25%
99%
99 Va
99 %
100
19
18%
18%
18%
'17%
26%
26
180
18%
*18
18%
Lowenstein
3,300
4% %
(M) & Sons Inc
Steel
I per share
l
pfd series A__.
cum
Lukens
Eange for Previsut
Range Since January 1
Highest
Year 1946
Lowest
Par
15,300
100%
•99%
100
STOCK
Shares
Sper share
26
YORK
EXCHANGE
the Week
July 18
$ per share
NEW
Sales for
Friday
Thursday
July 17
July 10
$ per snare
25%
100
STOCKS
Wednesday
July 15
$ per share
17 Va May 19
97
Jan 31
100
Co
10
Lowest
S per share
26% July 18
100% Apr 16
13% May 17
20
20%
97
Deo
14
Sep
9
32
Sep
Apr 21
140
Highest
$ per share
NOV
Deo
Mar
6
43% May
108
July
30%
Jan
M
*37%
*147
39
*37%
158
39
*150
*37%
158
39
*37
39
158
*150
*150
158
39
*37
.*150
MacAndrews
158
50%
50%
6%
'
50%
51%
50%
36%
36%
36 %
51%
50%
36%
36 Va
36%
36%
107%
107 %
*107 Va
51
50%
51%
&
Forbes
10
Trucks
Ino
STOCK
108
13%
EXCHANGE
19%
CLOSED
15%
*420
108
*107%
13%
13%
13%
13%
19%
19%
19'A
19
19%
1,700
Magma
15%
15%
15%
*15
15%
2,100
Magnavox
13%
28
450
27
8%
4%.
7%
*420
9%
*13%
27.
28
7%
4%
25%
11%
4%
25%
25%
7Va
7%
11%
.
11%
.
31%
14%
*13%
*27%
28
2,600
Maracaibo
25%
25%
25%
25%
2,300
7%
12,400
Marine
11
11%
260
Market
IVa
7%
;
7%
11
*11
31%
31%
31%
31%
111%
111%
111%
111%
17%
17%
17
Va
17%
17
20%
20
20%
20
20V4
20
211/4
55%
55%
55%
55
55
54%
541/2
39
31
32
31%
31%
111%
111%
17
20
20%
54
.
54
*186
189
46%
47
95
19
301/4
Field
10%
10%
44%
110
10
189
*187 Va
*186
47%
46%
46%
100%
101
*94 %
95
47%
100%
1,200
*94%
14
48 V2
95
95
10 Va
10%
43%
*110
110%
42
42%
110%
110
*42
42%
42
30
42%
30%
*102%
10
102% :
30%
30%
102%
102%
30
30%
102 %
30%
102 %
44
43%
44
*43%
28%
28%
28
28%
28
28
27%
54
54
54
54%
37%
39%
*103%
104%
%
39%
*103%
54%
*103 Va
1,200
44
*42
43
*27%
28
600
54%
55
54%
54%
1,600
38%
37%
381/2
37V4
37%
3,300
103Va
103%
*103%
1041%
-.
23%
27%
23 %
23%
28%
28%
*27%
29
28V4
28V4
:
21%
23'%
22%
22%
22 Va
22%
*22
22%
22
221/4
4 :
99%
99%
*98%
100
47%
49
*48%
49
*48
49
23
24%
24%
X23%
24%
19
19%
•,
24 %
19 Va
23
23
*98 Va
100
19%
18%
62%
*58
62%
*59 %
17%
17
17%
16%
*42%
53%
100
53%
100%
47
46
108
108
*108
15%
15%
44%
37%
13
11%
58%
*109
62%
10%
44
*
38
*43%
46
*43%
46
103%
15 Va
*56
65%
65%
65
10%
10%
10%
39 Va
6%
6 V8
*115
6%
19%
20%
19%
20
Va
18%
40
39%
39%
*39%
6
19%
40
40%
10%
11
10%
28
*27%
20
38V4
•
3,400
6
25,100
15,400
*39%
40%
700
10%
10%
-2,800
*27%
29%
300
61%
14,700
10%.
10%
10%
28
28%
28%
62%
63
6IV4
62%
63%
63
63%
125%
126
126%
62
116
381/4
19
10%
63
61%
>
*124
.>
-62%
125
61%
27%
27%
27%
27%
27%
*55%
58 Va
56 Va
56 Va
*56%
*25%
26%
25%
25%
25%
62%
61
124
62'/4
'
*120
63
27%
27%
1
62%
*121
27%
123
61V2
27Va
*56V4
60
*55%
57%
25%
*25%
26 V4
*25 Va
26V4
1
Montgomery
6,500
/
$2.50
200
Morrell
cym
13%
131/4
13%
12%
13%
4,800
22
22%
21%
22''
4,400
23
23%
23%
23%
22%
23%
23
23%
22%
22%
1,500
Motor
20%
21
20%
20%
20%
20%
20
20%
20%
20%
19
3,700
Mueller
19%
18%
19
19
19%
20
20%
16,400
107
38%
*110
38%
110%
13%
14
*38%
*110
40
53%
38%
13%
38%
110%
110%
38%
13%
13%
13%
39%
39%
53%
53%
*53'/4
53%
107
38%
Monday
sJuly 12
July 14
tper share
.
;
,
Tuesday
Wednesday: :
.
July 15
,
110%-
$ per share
$ per share
5,100
100
40
*53
8
9%
Oct
17
Jun
4
45 Va
Sep
55
May
113
Jan
4
111
Jun
118
Mar
42
Sep
48% Jan 23
9
44
May 16
,
16 Va May 19
100
88% Jun
50
71
Apr
Oct
25
102%
43
May
Deo
122
Apr
46% May
44
Jun
_i
20
5
50
48 Va
Apr
69
Jan
56%
Jun
108% Mar
102
Dec
20
Nov
35%
Apr
22
;
23 Vb July 14
105 Va Feb 11
23
Sep
Oct
36
Jun
30%
Apr
18% Sep
103
Feb
5
43 Va
20
107% Aug
Sep
Oct
57'A Aug
26% NOV
May 20
25% Jan
7
16
May 19
55% May 17
24% Jan
6
18
Oct
35 Va
Jun
.60
73
Feb
8
61
Nov
105 Va
Jun
3%
13 Va May 20
19% Jan
28
18%
Deo
47 % Jan
3
36 Va
Sep
65% Jan
10
54
Sep
3
97
Deo
—1
No par
41
Mar 21
43% May 19
97% Jan
103 Va Mar
3
47 Va Jan
35% May 21
pfd-100
105
54
Jan
32% July
52 Va
Apr
Oct
Nov
113 Va
18%
45% May
32'
17
77
May
110% July
61% Jun
10% Oct
31% Feb
30
Feb
110
6
% Oct
62%
397/a
104
Sper share
Sales for
Apr
-
6% May 19
47% May 27
103% May 29
_1
51'A Apr 16
'7
May 19
104
Jan 13
28% Mar 11
-
156
Mar
6
14 Va Jan
*' Oct
7
9%
45
114% Feb 25
July
14%
Deo
Oct
26% Mar
Oct
68'A
105%
40%
Apr
119% July
Apr
8%
66% July 16
Feb
Jan
173
10% NOV
24
66 Va Jan
140
4
14% Feb
,
Nov
Oct
Deo
Dec
60
18% May
12 Va Feb
7
115 Va Feb
10
100
Sep
129
Mar
July 14
28
Sep
44
May
40
3% May 19
Feo
3
Oct
17%
Jan
ll%Mayig
25% Feb
7
19
Oct
52
Jan
20
32% May 19
51 Va Jan
2
42
Deo
70
Apr
May 19
13% Feb
14
11%
Dec
23% July
Jun
32
17.
28 Va
Dec
45
—1.25
8
No par
common
_5
26
—
Co
Sep
135 Va
64% Feb
8
57%
Dec
104 % May
28
Apr
5
20
Nov
57% Apr
5
50% Sep
26% July
1
13% July 14
3
May 16
17
19%
17%
14%
1
35
100
108
Apr
62
Jan
7
"15%
Oct
34% Jan
3
19
Oct
36
25
May
Mar 28
14% Sep
102
22%
Oct
Jun
109%
Feb
May 29
15% Feb
10
13 Va
Sep
27% Aug
Apr
-
40% Feb
10
32%
Oct
49
108 Va
Jun
9%
Oct
14
Mar 26
9% May 17
37V4Jan
2
50% Jun 10
No par
30%
24% Feb
107 Va Mar 14
1
Dec
Jun
27% Feb
May 19
20% July 18
10
64
43% Sep
May 19
May 19
—.—5
10
—50
.
May 19
103VaMay26
No par
com_
Jan
9% May 19
——1
j
111%
52% May 19
No par
—>—5
class B
3
4
20%
£0
Co_.
Apr
63% Feb
128% Feb
24
4
—No par
Corp__
Corp
Feb
5%
49 Vb May 17
No par
Inc
6
8
110% May 16
49
May 19
A ..-No par
Lines
NEW YORK
<
10% May 19
J
5
44% July 14
42 Vg Feb
4,
29%<May 19
136% Jun 18
—-3
Brass
18% Mar
100
Products
Wheel
the Week
'
12%: May 19
33
Apr 30
No par
4%% preferred——
Murray Corp of America
4%
preferred—— ——
Myers (F E) & Bros
"
300
Friday v
July 18
S per share
__5
Impl__—
112
May
Jan
29
15% Feb
11
44% Feb
13
33% Nov
55%
Feb
56
29
50
70
Jun
Jan
^ 1
STflPTf s
;'■* 1
July 17
$ per share
Feb
Jan
175/3 May 20
5
&
Munslngwear Inc
Murphy Co (G C)
20
13%
*39%
54
■•r Thursday
July 16
Nov
97
Dec
8
Inc.
LOW AND HIGH SALE PRICES
Saturday
70
May
112% May
Dec
93%
21
3.90%
& Co
Mfg Co
preferred
$7
•1,400
13Va
40
Motor
1,100
38%
13%
Motorola
80
121/4
*110
110%
13%
106 Va
121/4
39
*39
,/
53%
20%
*
12%
*110
40
*38
53%
38%
110%
/
20%
107
12 Va
97 Va Mar 11
25% Feb
pfd_
Mullins
*105%
12
103
12
25
No par
series
Ward
(John)
22 %
12
Jan
45% Nov
25
31% Feb
RR
Moore-McCormack
100
13%
12
195
8
Feb
50
No par
10
preferred
22
12
48% May
38% May
204 Va Nov
6
Jun
46 Va May
-10
preferred
Corp
$3.25
13%
12
May 19
30Va May 19
102
Jan
2
1
'Monsanto Chemical Co
22 %
*11%
38%
23
106
20
.
Monarch Mach Tool
13%
106
Jan
49% Feb
24
105% Feb
preferred series A
Mohawk Carpet Mills
21%
107
190
Mar 12
39% May 19
6
7%
13%
*105%
10
23
8
Mojud Hosiery Co Inc
15,800
27%
59
$6.50
Mission
22
107
Sep
Jan
Jun
19% July 17
Jan
Co_
Power
Mo-Kan-Texas
'
700
62V4
Moline
13
*105%
27%
24%
33
56% Feb
Copper_——
21%
'
Apr
112% Mar
23% Sep
44
Sep
39% Nov
Minn
260
5%
27%
Jun
75
30
9,500
181/4
10%
30%
1
3,300
■L
61/4
28
Oct
Sep
Oct
Fed
Mid-Continent
-2,700
39%
39V»
Feb
12%
48
7
par
'
125%
..
4,700
19%
<
45 Va
21
11
*115
38
18%
'
*27
117%.
37%
Sep
S3% Feb
65%
•10%
38%
Sep
31
107% Feb
Minn-Honeywell Regulator—
_3
3.20%
conv
pfd series A10Q
Minn Min & Mfg—_
—__No par
109"
63%
11%
1,300
>
.
<
56 »/4
661/4
114%
*109
6
July 15
—
Apr
9
40
Jun
57%
Nov
Feb
Jan
Jan
May 22
Petroleum—.:
.10
Midland Steel Products——No
par
r
8% cum 1st preferred.—
dOO
Minneap & St Louis Ry
__NoLpaf
•"
Minn St P & SS M A vtc_
No
140
(•
103
-
;
100
,•';
•:'!
56
Miami
6,400
-t
12%
10%
37
6%
138%
,
641/4
114
6
37
12%
11%.
T
30%
11%
20%
Oct
32
preferred
Machine
34
May 26
1
Metropolitan Edison
2,900
-
11% \ 11%
66%
' •!'
39%
*113%' 114
;
56V4
109
44%
*36%
"*136
11%
109
70
15
43%
'.
13
56
109
15
139
■
11%
108%
Mesta
13
111% July
35 % May 19
No par
preferred
cum
34% Feb
20
11%
44
Shoe
$3.50
7% Deo
4
24
Merck & Co Inc—_
500
k
8 Va Feb
13% Feb
Mar 14
Co
Jan
'
37%
*12%
57%
10%
5%
*138 '
108%
441%
*36%
139%
i
65%
40
44
37%
45
Jan
May 17
'
14%
44
109
39%
*42%
*108%
13
109%
.
45
Va May
8
35
Mercantile Stores Co Ltd—
,-Merch & Min Trans Co
500
11%
103%
114
17%
15%
t
109%
•'113%
16%
46
24
Corp
Mengel
Co
(The)_—
A
5% conv 1st preferred™
'
300
12%
>
7,900
17Va
2nd
26 Va
1
preferred—
Melville
•
53%
11%
.
:'
6OV4
100 Va
12%
59
•'2,400
18%
*58%
53%
13%
58
;
1
18%
60'A
16%
*98 Va
13
58%
3,800
*58%
108%
*139
1
100%
43%
139%; 139%
19
4%
600
23%
*42%
11%
11%
48
23%
4%%
90
Oct
Nov
3% Sep
—No par
•
'
12 Va
100
Co
Mfg
Apr
26
1
Mead
'•
45
Stores
McQuay-Norris
Corp
'
lOOVa
*36%
1
*46%
*53%
108
McLellan
500
44%
•15%
44%
900
4,300
100%
45
15%
V
100
100
23%
19
23%
*
Sep
Aug
16%
108% Mar 20
Mclntyre Porcupine Mines__^
5
McKesson & Robbins Inc._18
$4 preferred
—No par
10O
17%
Oct
14% Feb
100
Co.
30% May
526
32% Feb
7% May 19
•
Pub
Sep
Jun
8%
2
100
No par
•
49
23%
-54%
*98%
108%
*36%
139%
13%
•
46
15%-
44%
37%
139%
*42%
53%
100%
53%
100
47
,
45;
*42 Va
45
17
23%
100
*48
60 %
17%
23%
*98%
19 Va
*60%
.
23%
-
520
11
42
preferred
Electric Co
McGraw
2
21% Feb
—cJVo par
No par
conv
McGraw-Hill
17
12 Va Jan
May 17
91
Corp
16% Sep
13% Deo
Jun
63 % Jan
par
preferred
Stores
Jan
185
,_5
Corp
3% %
1,500
27%
27%
23%
McCrory
190
1021/4
"23%
*23
cum
McCall
2,400
30
29%
*101%
1st
-$6
100
r
v
43%
104%
37%-
104%
100
110
100
Maytag Co
$3 preferred—_
2,000
43%
1021/4
42%
IOV4
45 Va
110
31
*101
42%
53%
V
10 Vb
451/8
455
27 % Apr 29
18% July 17
No par
No
12%
6
30
Jan
May
111 Va Apr
*17% Nov
106% Oct
1
21V4 Mar
24%Mav27
1
pfd—
cum
15 Vt Feb
14% May 19
No par
preferred
Mar 28
39 % May 17
——__1 ;
$3.40
30
*42%
IOV4
'43
43%
110
42%
40%
Va
*110
110
42
10
;
Wks
Dept Stores—
$3.75 preferred.—
470
-
Co
Alkali
65
17% Jan
22% May 19
No par
No par
May
3,400
r.
Elec
Nov
111
May 19
109
1
New
7%
100%
100%
95
•
9
100
Mathieson
2,800
37%
27% Feb
100
.
76%
7
5% Feb
No par
Master
1,400
.
189
47
101
44%
*42%
&
Oct
14
Co
"
*42%
5
prior pfd
Martin-Parry Corp
Masonite Corp
.6,500
30'A
95%
*94
Corp
6%
38%
19% May 28
6% May 20
6.25
Jun
8
41% Jan
14
3% jan
preferred
(Glenn L) Co
Martin
5,400
19-
31
189
*186
47
19%
30%
100%
100%
95
•
18%
30%
30%
189
46%
ioi%: 101%
13
31-
•
*186
■
19
19%
'30
'
1
42% May
160
56% Feb
9% May 19
24% May 16
8
Midland
4%%
100
17
171/4
100
19
:
No par
Exploration
St Ry
Marshall
3,700
Oil
*
111%
39
30%
1
Marathon Corp
11%
7 Va
*11
4%
25%
.7%
.
4%
152
12 Va May 13
455
Jun 17
6
May 17
50
Shirt
4%
38% Jan
13
16% Apr
1
!—i
Bros
Manhattan
500
10
RR Co
Co
Sugar
Mandel
300
No par
(The)
4%
31%
17%
Manatl
4,500
14
28
27%
Co
Mahoning Coal
8%
100
Copper———
4%
111%
112
460
8%
9%
*13%
,
*420
460
9
14%
28
,
*420
9%
9
14
.
460
4%
26 Va
11%
55%
1,000
19%
Mar 12
Jan
41% May 19
30 Va May 19
107% Jun 20
11% May 19
No par
series A
Madison Square Garden
15 %
*420
Co Inc
pfd
20 Va
4%
20
*13%
13%
(R H)
4% %
15%
14
17
14
Macy
19%
13%
*111%
200
15%
8%
31
4,200
19%
8%
25%
14
36%
107%
16
450
*27
13%
,
36%
107%
36%
108
140
No par
'
*107%
34
100
preferred
Mack
3,100
.
114%
22
Dec
Jan
Jan
Range for Previous
STOCK
Range Since January 1
Highest
EXCHANGE
Year 1946
Lowest
Shares
Par
I per share
Lowest
$ per share
$ per share
Highest
Sper share
N
17%
18'%
23%
24%
24
24
28
28%
28%
12%
17%
13%
11%
>
27%
13%
13 Va
13%
,
-12"
29
12%
13
30%
23%
23%
29 Va
29%
186
"
25
186
*24
25
s12
18%
24
V
17%
13
*23%
24 Va
"220
27%
,,27%
800
13%"
12%
11%
12
13'/a
12%
«:*13%.'
.11%'
12%
31
29%
29%
186
24
24
X31
/
23%
Chatt
National, Acme
15,700
National
Nat
31%
*23Ve
1,400
National
Battery
29%
8,600
National
Biscuit
200
10%
24
11%
11
11%
:600
10%
11'/4
10%
11
40%
40%
41%
5,100
41
National Can Corp
41%
40%
40%
5,400
Nat
9%
9%
4,700
Register—
Nat City Lines Inc_
39%
39%
6,600
National
1,800
National
7,800
Nat
10%
10%
10%
10 Va
10%-
10
39 Va
39%
39
39%
39V4
39%
39%
10%
40
STOCK
15%
16
15%
15%
16
16
16
EXCHANGE
32%
32%,
32%
33
16%,
15%
32%
15%
33
33
CLOSED
18%
19
18%
33%
32%
18%
331/4
18%
18%
18%
21%
18%
19
'
19.
71,500
National
22%
21%
22%
21%
22%
X21%
21%
38%
♦37%
38%
21Va
21%
38%
38%
34,900
38V4
38%
20%
19%
20 Va
38V4
38V4
19%
20
L100
Nat
19%
20%
19%
19%
105%
106
6,900
National
106
34
104%' 105 Va
34%
33%
*188
191
*153
155%"
*7%
,
.
34
*188 Va 190
*153
7%.
7%
155%
,
7%
33%
*188 Va
*153
33%
190
155V4
7%
8
*105
106
33%
34
*188 V2
*153
190
104%
155V4
8
■/
7%.
21%
1%
1%
1%
1 Va
1%
1%
DA
86 %
86%
lVa
85%
85%
85%
85%
84%
*24%
86
i
£7
*24%
25%
*24%
25%
21%
18%
95
96
27%
27% 1
•
<
25Va
24%
24%
24
18
17Va
18
17%
181/4
17%
18
18 Va
17%
22,100
18
181/4
1C'%
17%
18 Va
2,800
951/2
96 '
96
27%
.27%
27V4
14%
14%
13
13
94%
27%
<
94Va
94Vt
95
94%
27%
27
27%
27%.
•
.
14%
15%
14%
14%
14%
14%
14%
14%
13
footnotes
13%
13%
13%
13
13Va
13%
"13%"
see
page
25.
14% Nov
10
Sep
13 Va
Dec
Jan
13
27
Jan
13
Stamping
Gypsum
Lead
Steel
31
Jun
20%
27
34% Feb
27
26% Feb
13
13% Feb
7
41% Apr
25 Va
15
Jun
2
187
180
Oct
Oct
Nov
22% Oct
9 Va Nov
31
Nov
34%
s
Jan
20% May
28%
Jan
34%
Apr
37% May
Apr
32% Apr
21% Feb
205 %
45 Va
Jan
8% Jun
16
14% Jan
7
13
Oct
24% Aug
32% Jan
13
40% Feb
13'
24
Feb
38%
Dec
13% May 16
27% May 19
17% Feb
21
15
23
Aug
Jan
3
30
Sep
45
Va
Apr
6:
15%
Nov
34 Va
Jun
14% May 19
20% Jan
*1
103
Mar 27
25% May 20
10
Nov
19
31%
Nov
67%
Jan
2
16%
Oct
33%
Jun
15
102%
Oct
108 Va
Jan
40%
Apr
July
107
190
Mar 20
167
6% Jan 10
16% May 20
28
150
No par
Feb
35VsJan
6
183 % Jan
8 Va
July
Jan
Apr
Jan
27
Sep
9
178
Dec
207
28
*149
Oct
173
9
-
6%
1 Va May 20
1% Jan
2
91% Feb
8
Nov
Apr
10% Aug
20 Va
7 '
31
74% May 26
25
32% Aug
19%
Feb
22% Mar 28
42
14% May 19
Oct
25% Jan
17% May 19
A
B
Corp—
38
30% May 26
No par ;
No par
■National Power & Lt ex-dist-No par
National
31% July 18
Oct
1
Co—*
Cast Co.
May 19
Feb
13
—>.1
Co
& St'l
10
8'A May 19
33
preferred—No par
preferred
preferred
Mar 26
21% Jun
-No par
Gas Co—1
1
Products-*——No par
Dept Stores
—
5
&
16
24
Cylinder
conv
Nat Mall
2,300
17%
18
17%
For
IV4
85
6
7
9 Va May 19
10% May 19
100
6%
—_—100
National Linen Service Corp
.1
50
1,600
11,400
17%
17%
$4.50
National
.7,100
.
16% Jan
14
11% Jun
181
Container—
Enam
7%
7%
21%
1 Va
21%
i
4,200
155V4
155V4
8
21%
22%
220
41% May
Corp—No par
10
National Distillers Products
189 Va
22%
22%
,
k
33%
*188%
21%
22
105
Jan
Sep
"Dairy
19%
106
Share
Cash
38
*
52 Va
27
4
40%
10%
Oct
6
10
common
11%
&
Jan
23
May 19
Jan
—100
Co
Co
41
Bond
25%
13
30
5
preferred-
10%
Nat
7
29% Feb
1
Inc
Corp
40%
'
19% Feb
May 24
1
——:
Fibres
Aviation
National
" May 19
19
21'
9
Louis
Airlines
Automotive
2,800
7%
St
14
100
—1
Corp
&
Co_:
186%
29'A
*184
23%
Nashville
5,100
11%
13
31%
29%
186%
13%
12
31
29V4
*184
Nash-Kelvlnator
45,200
28
*271/4
31
186
181/4
24
12%
13%
30
186
18
28
14
*184%
18'%
24
30
30
18
*23 %
28%
13%
12%
*13%
18%
Oct
41%
1% Aug
75
Sep
Feb
2 Va Sep
101% July
'
24
>
.
.
650
800
25%
Dec
38
Apr
July 17 '
18% Feb 13
11%
NOV
25
Jan
15% May 17
16 Va
Dec
32
Jan
88
96
89
NOV
106% Mar
National
Sugar Ref Co—^No par
21 Va
National
Supply
12% Jan
400
(The)
10
Pa
$2 conv preferred-—
40
4%%
preferred!
i
100
National Tea
Co_—_———_—10
;
1.100
Nat Vulcanized Fibre Co-—
1,500
Natomas
Co
—*
1
___Nopar
.
May 17
13
Mar 18
28 Va Jan
10
18 Va
July 14
20% May 20
13 V* May 19
29% Jan
24
21%
Oct
42% May
17% Feb
10
14%
Nov
24% May
11 y« Jan
13% Jun
13
10 Va
Sep
15
3
Feb
21
22
THE COMMERCIAL & FINANCIAL CHRONICLE
(278)
STOCKS
LOW AND HIGH SALE PRICES
Wednesday
Tuesday
Monday
Saturday
July 14
$ per share
I per share
$ per share
21 %
July 12
21%
21 Va
16%
33%
33%
16%
*103
107
103%
*105 %
28
96%
96
19%
CLOSED
20
19%
19%
19%
19%
19
40
40
40
39%
40
36%
2,200
Newport Industries
200
1033/4
107
200
'
1
"
—
—
80
97
*96
—
19%
19%
19%
3,600
41
41%
800
16 '/a
15%
16%
46,400
110
35
32
33%
1,400
110
33 %
110%
110
27%
33%
40
%
16 Va
36%
*34%
111
111
112%
16%
16
36%
36%
37
112
16%
16%
17%
27
10
102%
97
40
16%
3,800
900
*32 %
27%
29
96
108
108%
14%
1,200
Neisner Bros Inc
4'A%
14%
15
14%
25
*22%
23%
23%
*21%
25
*21 %
23
100
60
*56'
63
*55
63
♦55
63
60
60
*243
270
*240
270
*243
270
*243
270
*243
270
*1033/4
104%
♦1033A 104 3/a
104
104
*12%
13%
12%
12%
123/4
123/4
12%
12%
96%
96%
963/a
96%
96%
963A
96%
963/4
103%
104%
16
.
15%
15 Va
23%
*
12%
13
96%
96%
*40%
41
41
44%
46
♦44%
46
233
231
232
230%
232
231
*119
122
*119
122
122
*119
45%
*44%
46
*119
25%
26 Va
253/a
253/4
25 Va
8%
8%
8%
8%
8%
*96
*96
98
57
57
57%
19%
*96
57%
57
193A
20%
19%
101%
100%
50
56
1,200
21
*55 %
56%
20'/a
20
100%
96
32,400
96
98
56%
20 Va
*100%
20a/a
*96
7,400
101
101%
193/4
1013A
1013/4
1013/4
13%
14%
13%
14%
14
143/4
133/4
14
23%
24
23%
24
x233/4
24
233/4
24
23%
233/4
40
40
40
40
♦39%
40
♦39%
40
40
400
40'A
8%
83/a
8%
14
14
14
'36
36
8
14%
14
Louis Co
—100
preferred series A
City Omnibus Corp
100
N Y Chic & St
6%
N Y
$5
Pacific
21%
21
21
20%
*20%
22
22%
104
104
22
22%
300
*109%
110%
20
27%
26%
27%
16,900
213/4
21 Va
21%
400
*21
21%
22%
21 %
104 Va
104 Va
104 Va
■
22%
104%
104
36%
*36
36%
110%
26%
104 Va
10
10%
*105
9%
106
105
10
97/a
10%
9%
105 Va
106%
♦105
105 %
'10%
105%
105%
22%
28%
156
21%
21%
22%
22%
223/4
22%
29%
*22
29%
29%
29%
29%
28%
29%
156
*156
•22%
24
*22
*85
90
86
76
77
13%
13%
V
" 76
158
*156
158
23%
*22
8'S
*82%
86
76%
76
77
133/4
13%
133/4
14%
14%
*14%
65
65
13 Va
14%
15%
76
763/4
13%
*13
13%
14%
*14%
35
35
*33%
35
33%
33%
41%
40%
41
40 3/4
41
40%
59%
59
♦57%
59
58
34
35
343/4
3D
34 Va
343/4
34%
34%
105 Va
103%
104'/a
103
104%
103%
104%
164
164
163
163
5%
37
37
5%
5%
36
5%
53A
105
♦162
5%
11%
12
11%
16 3/4
163A
48
48%
48%
483/4
104%
104 %
*104%
7%
7%
73/4
34%
73/8
11 Va
11%
163A
>
49
11%
28,000
700
48%
1,800
105
7Va
20
7%
*68
70
*68
70
*68
70
*68
70
*68
70
*109
112
"109
112
♦107
112
*107
112
*107
10,900
112
29%
29%
*43
46
3%
293/a
*43%
293/4
29 %
46%
♦44
29
47
29%
28%
45
29%
45
45
29
31,700
45%
2,200
2,900
29%
29%
28%
29
29%
29%
293/8
9%
9%
9%
9%
9%
9%
9Va
9%
12%
12%
12%
12%
12
12
12
12
34%
34%
35
35%
34%
35
35%
35%
47%
48
8
46%
8%
*8%
8%
19%
20
32%
32%
•108
&%
9
19%
45%
8%
9
9
9
19%
46
46 3/4
8%
47%
19%
*32
33
*32
*108
112
9%
112
*108
46%
8%
8%
3
c
,
36
36
Patlno
700
46 3/4
4,800
8%
46
5,100
8%
9Va
9%
9
9
19%
19%
19
19
32%
32%
32
32
*108
112
112
*108%
32%
112
500
.
2,100
600
20%
20%
20%
20%
20%
20%
20 Va
20%
20 Va
20%
9,400
21%
22
21%
22%
21%
22
21%
21%
21%
21%
31,400
48
45%
45%
443/4
45 %
43%
443/8
44
44 %
2.000
*45
55
*54%
91%
91%
12
12
32
32%
*27%
*107
*11%
28
31%
*27%
110
10%
91
*107
1Q3/4
10%
Us
1
122
Si
3 2
51,500
55
543/4
54 3A
54%
54 Va
54%
54%
300
91
*88%
90%
90
90
*88%
903/4
700
12
*11%
11%
12%
12%
*113/8
12%
300
.
*54
32%
la1*
313/4
28
*27%
108%
*107
103/4
10%
323/a
31%
32 Va
28
28
28
108%
*107
10%
10%
108%
10%
Si
31%
32%
28,200
29
*28
*107
100
103A
1,200
LOW AND HIGH SALE PRICES
Saturday
Monday
July 12
July 14
I per share
#
ver
Tuesday
July 15
share
Thursday
July 16
July 17
t per share
>
f per share
14%
14%
15
15
43'/a
42%
43%
43
443A
41%
42
41%
41%
41
t per share
15
43
58
57%
57%
57%
41%
14%
14%
1,200
47%
46 %
47%
9,700
11,400
41%
42
57%
57
57%
107%
*107
108%
105%
?4%
24%
243/s
24%
24%
24%
29%
24%
29%
28%
29
29%
29 Va
29%
29 Va
*107
119
*118
119%
118
118
108%
108%
*108
108%
108%
108%
14%
14'A
14
14%
"29%
29%
95
STOCK
95
3334
34 3/,
34%
*94%
233/4
96
14
14 Va
29%
29%
*94%
96
343/4
33 %
34
*118
108%
.
119%
40%
57%
*107
41%
57%
360
108%
24 Va
29 Va
*118
330
243/b
9,200
29%
1,200
119%
108%
1083/8
*94%
33
96
333A
*94%
32 %
96
33%
102%
102%
102%
*96%
983/4
*96%
983A
*96%
983A
♦97 Va
Jun
xll9%
Jan
10 %
Nov
17%
Jan
118
7
8
19%
Deo
93
Jan
4
86%
Oct
111% May
70% July
79% Feb
8
69%
NOV
100
10
1
Oct
19%
12%
Deo
25% July
Nov
86% Mar
3
38% Mar 26
24
Deo
48
3
43% Jan
36%
Oct
47%
Jun
Jun
48
Apr
24
Jan
34% Jun
19
Feb
73
16
Feb
10%
1
18
54%
28%
Sep
Oct
2
122%
Oct
160%
181% July
6
129% Jan
152
Jun
6
168
Feb
8
164
Dec
3% May 16
213A Jan 10
7
Feb
13
5
Oct
11%
Feb
Apr
Jun
5
37% Apr 28
73A Feb 13
9% May 19
13
18%
Nov
34%
5%
Oct
12%
14% Feb
18
11%
Deo
27
Jan
13
Oct
20%
Apr
37%
Jan
66%
Apr
21
17
July
2
13
50
Feb
18
104% July 15
109
May 13
40% Jan
100
Mar 24
Light Co
RR
No par
50
Mfg Co
10
2% May 17
7
33
Oct
39% July
53% Jan
4
52
Nov
82
4% Jan
6
3%
Sep
Jan
9
35 Va
Jan
43
Oct
26
31
31
31
*84%
87
87
87
89%
89%
*89
633A
62%
63%
62
623A
62
31%
31%
93
Oct
22%
Deo
24%
Jan
40%
Nov
57%
Jun
38
Apr
7
48% Feb 11
453/4
Jan
Apr 15
13% May 19
Oct
16%
Feb
243% Feb
27
17%
Sep
30®A
Jan
29% Jan
18
36
Apr
16
28 Va
Feb
107% May 20
18% May 17
17% May 19
117
Jan
29
22
Jan
38
1
May 13
Jan
110
30
11,100
62%
800
31
31
1,000
93
30
61
63
15
*13%
15%
*13
14
*13
14
37
37
*35%
363/4
*353/4
36%
*35 Va
36%
*106%
107%
*105
12
12
107
*105%
107%
*106%
*108
*108
109
*108
12
12
97
*94
12%
12
107%
100
6
May 19
243/4 Jan
16
May 13
Feb
5
25
Sep
47%
Feb
37%
Nov
51%
Deo
Sep
43
Jan
68
May
86%
Nov
115
Apr
14
Oct
SPA
3
21%
Sep
40%
Jan
4
28%
43% Mar
108 Va Jun
2
105%
Sep
Sep
8%
Deo
22
Feb
33% July
34
3
11
July
3
200
*108
12%
12%
5%
cum
Phillips
Petroleum
Hosiery
Plllsbury Mills
$4 preferred
12%
4,600
Pitts
Coke
96%
20
$5
conv
97
*94
24
24
24%
233/4
24
23%
24%
23%
24
4,100
*21%
22
22
22
21%
21%
22
22
22
22
600
♦160
168
*160
168
♦160
168
*160
168
*160
176
176
*176
179
*176
179
♦177
179
-178
97
Corp—
preferred-
Phillips Jones
—
Inc—
*94
168
-
178
"20
Pitts
&
Apr
i
Year 1940
Lowest
Highest
I per share
13% Jun
37
■
9
May 14
f per share 153/a Feb
13
Apr
Highest
I per share
16%
Feb
62% Jan
2
35%
Jan
80
May
43% Feb
13
29%
Sep
x48
May
36 % Apr
14
Jun
2
59
% May 28
109
53
24
t per share
Mar 20
51 %
107
Deo
76%
Deo
117%
Jan
Jan
Feb
6
23% Jun
6
27 % Jan
2
24%
Sep
30% May
No par
100
100
263/4 Jan
3
29% Jan 21
27 Va
Deo
34
Deo
122
1
3
100
5
100
100
x98
119
1053/a Feb
21
Jan
89
May 23
16
26% May 19
15% Feb
30 % Feb
47
Jan
Deo
102
Sep
Jan
104%
Deo
112
Jun
8
963A
Dec
106% Aug
31% July 17
20%
Oct
36
Jan
26
84
Deo
89
NOV
633/4i July 14
49
Feb
73%
Jan
Jan
91
50% Mar 15
10
18
25
30% Apr 28
37
1
100
100
Feb
Deo
25
Mar
17
89
71
No par
5
No par
Consolidation Coal Co
1
May
Sep
101
Jan
20 Va
1
19%
33%
Mar 29
Apr 29
Oct
18
Feb
81
18
11%
43% Jan
109
97
1
98Va Mar 17
102% July 15
21
preferred
116
July
1087/s July 16
4
10% May 19
100
.No par
Mar 21
115% May 16 *
No par
RR
100
Chemical Co—No par
Pittsburgh Forgings Co
Pitts Ft Wayne ft Chic Ry
7%
preferred
14%
No par
Pitts C C & St Louis
23%
*94
pfd series A
Morris & Co. Ltd
4% preferred
3.60%
series preferred
3%%
Philip
Jan
Mar
Range for Previous
Range Since January 1
No par
Coal ft Iron
Read
109
Jan
"
8% May 17
Lowest
Corp
Jan
20 Va
3
«
55
Jan 21
101% Feb 13
47
& Co Ine—
Phoenix
7,200
97
97
St
27%
6
26% Feb
51% Jan
May 19
81% Jun
5
5
100
STOCKS
STOCK
com
373/4 Aug
115% July
l'A July 16
100
0
preferred
preferred
35% Aug
Jun
12
11%
15 % Mar 31
Dec
105
preference
3.8%
♦90
*13
♦108
$1
4.4%
Apr
Jan
6%
.
10
7%
48 % May
12%
23
com
Apr
273A
4
33 %c
Co
Jan
May
19
No par
.
110
15% Jan
10% Feb
6% July
7
Co
,
SOYa
2
July 2
383/4 May 27
&
Sep
32% Jan
No par
100
Apr
14 V*
Oct
11
No par
111
Deo
105%
July
21
Corp
Feb
8
109
108
34 V8 May
Deo
43/4
56
14% Feb
Sand
Jun
Jun
34% Feb
7
Mar
67%
95
37% May 17
10
Jan
62% Jan 11
39% Feb 19
54
Apr 10
25% May 19
May 27
223/4 May 19
—1
Apr
49
Jan
15
No par
Jun
35
8
13% July 14
May 28
93/4 May 19
50
1
Co
180% May
18
28 % Feb
79% Feb
1
Feb
51% May
39% Feb
163% Jan
10
No par
120
May 12
58% Jun
Inc
Co
Electric
Phila
700
983/4
28%
36
Oct
4
7% May
9
8% May 19
(Chas)
Phila
27
25.
Nov
99 %
7
1
Phelps-Dodge Corp —
25
Philadelphia Co 6% preferred—50
$6 preferred
No par
Pflxer
Philco
98 3/4
page
7
1
Pfelffer Brewing Co
6,000
26%
see
18%
17
9% Feb
Par
7,000
*96%
footnotes
8
Feb
107
13
100
Jan
13% Feb
11
5 Va Jan
EXCHANGE
29%
CLOSED
For
Sep
2
NOV
29% July
22% Jun
853A July 16
C6__
,
14%
102%
12%
21% Jan
21
37%
112
19% May 15
NEW YORK
28 Va
1023A
107
Feb
No par
Inc
2nd preferred
Corp of America
.
Jun
19%
1
Petroleum
14
102%
*105
May
30%
108%
31 July 17
Milk
143/a
102%
36%
86
Sep
•
18
May
25% Feb
173/4 May 17
7% May
25
Jan
28% May 20
Pepsi-Cola
29%
102%
36%
9
Rights
14
102%
15
100
Peoples Drug Stores Inc
Peoples G L & Coke (Chic)
Peoria & Eastern Ry Co
"
108%
102%
*14%
19% Jun
Jun
19% May
Deo
273A July 14
14
Jan
Nov
111% Feb
Apr
97
•
38
65%
16%
11
2.50
Power
29%
•
EXCHANGE
62%
No par
Shares
14%
1063/4
107
$ per share
14%
24%
2*%
Line
5
St Ref
Pennsylvania Salt
the Week
"44%
,
1063/4
*11/
21
56%
Oct
9
13% Feb
xl8% Feb
Nov
'
14%
57%
2%
Corp
preferred
Sales for
Friday
July 18
10
No par
St Transp
Proof
Pennsylvania
.
Wednesday
6% May 16
Transportation—No par
St Enterprises
B
Glass
4%%
108%
10%
Jan
18%
44
2
24% May 22
45% Jan
2
Sep
100
100
1
Corp.
Penn Coal & Coke Corp
Penn-Dixie Cement Co
Pet
22 % Apr
12
158
No par
Penney (J C)
Co
Penn-Central Airlines
Penn
Nov
154
25
Penick & Ford
5 %
104%
Oct
Mines
Penn
Deo
26
•
Car
&
Rust
Parmelee
1,500
19%
9
Parker
1,600
Oct
18
Consolidated Mines
Davis
12
*113A
16%
96%
33% Feb
Teleg
Tilford
38%
38'A
29%
9%
2%
Jan
36
t
17
24
Paramount Pictures Inc
29 Va
38%
29%
3%
Feb
May
22% Feb
Dec
10
Airways
Apr
16%
102% Feb
18
-No par
No par
non-cum
&
39%
117
2
25
preferred
Utah
38
Jan
18
Electric
Cos
&
38 Va
99
15
.12.50
non-cum
Prod
Parke
3
373/4
13 Va jxiay 19
Apr
Aug
July 10
28% Feb
preferred
Park
3%
373/4
58
Jan
100
2.50
Co..
Panhandle East Pipe
Park
2%
37%
3%
25
111
3
May 19
Co
American
300
3%
38
52% Jun
129
19% July
Fisheries Inc
Pan-Amer Petrol
5,000
2%
37%
11
July 18
31% Apr
No-par
conv
115% Jan
96
Deo
Sep
Mfg
Glass
Packard Motor
4%
Deo
119
*113
Consol'd Corp
Western Oil Corp
Paraffine
Oct
9%
Jan
72% May
288%
7
Mar
Feb
53
Nov
6
Pacific Tin
4%
23%
17
Sep
223
No par
com
Telep
Panhandle
7
10% Feb
41%
6
28%
6
Feb
preferred
Pan
33% Jan
108% Jun
10
Mills
Pacific
125
16
100
Lighting Corp
49,900
18
6% May 16
8
St
Oct
23% Jun
63 % Jan
14
No par
Gas
31%
118% Feb
13 3A Apr
No par
Pacific
53/4
♦104%
7%
No par
Co
Pacific
5,100
2,100
35%
48%
105
73/8
Pacific
Jan
252% Mar
No par
Coast
7
113% Mar
2
43
102
' Deo
11% Nov
Feb
(Minn)
Co.
2,400
17%
48%
7%
1
*0
20
lw
500
5Va
11%
100
10
275
1
8
42
May 24
217% May 21
Rubber
St
preferred
2nd preferred
6%
*17
pfd
20
98% Jun
963/8 July 9
32 Va May 19
May 21
1st
Pacific
*104%
48%
105
Pacific
140
5%
a
Co
163
*34
Feb
preferred
161%
5%
163A
6%
Outlet
470
343/8
325
4
13% Feb
Jun
Elevator
Otis
104
5
Jon
Mar
Oklahoma Gas St Elec 4%
103 %
5%
12
48%
105%
7%
343/8
*33%
17%
11%
*16%
*103%
5%
70
7,000
58%
5%
53/4
12
16%
5
Feb
107
22 >/a
Pacific Amer
70
.
41
35%
34
5%
164
*162
5 3/a
5 3/a
36%
16%
164
290
33
1,800
t
110
*57 Va
*
May 20
12% May 19
Owem-Illinols
32%
40%
58
250
xl02% July 11
10 Va May 21
1
10
4,700
65
32%
*
40 3A
59
15%
65
65
/ 65
65
65
May
25
50
Outboard Marine St
"80
763/4
76
59%
5
10
23
*82%
15
34%
4,700
157%
*22
85%
65
40%
*156
157%
23%
85%
*22
23%
15
*33%
28%
86
65
13%
*156
2,000
23
28%
76
Oppenheim Collins
210
105%
*22
37%
400
5,400
10
Jun
41'A May
130
22
104%
16 %
19
Jan
61% May
135
Oct
preferred
Oil
Sep
Oct
pfd
20
Oliver Corp
No par
4%% convertible preferred
100
Omnibus Corp (The)
A
8 % conv preferred A
100
'
10
4.40%
Ohio
Sep
79
Deo
Edison Co
Ohio
26
63 y4
Inc
Tire
*36
3
3
preferred
Telegraph
Airlines
cum.
Northwestern
Pharmacal
*109%
37% July
1153/a July
20% Feb
21%
Ry
Norwalk
27
.
4.6%
19
19
3
4
Power Co
States
Norwich
36%
Apr
Jan
19
*100
pfd $3.60 series
Northwest
17
25 Va Feb
Northern Natural Gas Co.
500
110%
Jun
62% Jan
Northern Central Rv O
1,400
36
109 Ys
19
100
non-cum
American Co
8%
26%
Jun
Oct
May 23
50
Light 3.90% pfd—100
14 Va
*109%
Apr
45
Sep
95%
3
Apr
North American Aviation
Cum
May
18% May
80
May
11 Vb May
Feb
19
cum
Northern
17% Jun
102
53
Corp part stk
N Y State Elec & Gas Corp—
North
July 15
No par
Y Shipbldg
$3.75
96
No par
preferred
non-cum
143/a
27%
No par
New York Dock
*73/4
36%
50
27
353/4
8%
109%
110% May
113
Oct
Oct
Oct
14%
26%
Deo
30%
13%
8%
109%
Nov
106
3
14%
*35%
103%
7
42% July 14
32% Feb
7
22% Feb
8%
27%
Mar 11
108% Jan
No par
Central
York
New
14%
109%
22
120
43% "May
69 Va
8%
26%
104
5,700
^
Nov
343/4
*14 Va
3/8
14
109%
20%
13,400
25%
Oct
Northern
100%
13
Nov
Adjust 4%
16,000
Sep
109 % Aug
18%
Norfolk & Western Ry
8%
106
27
35 Va May 20
Jan
22
.
36%
850
25'A
Jun
Feb
Dec
4
300
8
38
323A
Dec
10
'
25
29
July 14
104
16%
104
21% Feb
'
122
*119
Apr
10
106% Jan 16
46% Feb
preferred
Noblitt-Sparks Industries
Nopco Chemical Co
253A
31
X102
13
t per share
Oct
9
N
400
Feb
Highest
183A
12
N Y Power &
83/4
8
98
57
98
45 v
232 »•;
18% Feb
13 Va May 29
105
17
32% May 19
530
41%
*44
231
122
25 Va
25%
8'A
*40
44%
407/a
24% Feb
No par
600
.
18 Va May 19
I per share
Brake
York Air
New
NY & Harlem RR Co
—
I per share
24'A May 21
390
231%
40%
42
*40%
41
231
w
104
1033/4
Year 1946
Lowest
1
preferred
100
Newport News Ship St Dry Dock—1
200
16
15%
conv
4%%
1,100
60
15%
*21%
No par
Corp
41%
16%
105%
%
105 %
27
28%
Nehi
f per share
1
serial preferred—100
Newberry Co (J J) commo 11.N0 par
33/4% preferred
100
New Jersey Pr & Lt Co 4% pfd_100
Newmont Mining Corp
10
16
107
*96
2.9
1,000
103%
96
42
Par
40 3/4
33%
28
41
40
EXCHANGE
*
105
41%
42%
21
*20 Va
16 Vi
41
41%
96%
29
20%
Range Since January 1
Highest
Lowest
Shares
I per share
106
*32%
103%
*105%
42%
"96%
16
.106
33%
33%
103 %
*105%
107
41
20 %
106
107
*102
102
*105%
♦105
I per share
21%
16%
16%
106
*32%
33%
X102
STOCK
*105
106
21%
the Week
July 18
Range for Previous
NEW YORK STOCK
EXCHANGE
Sales for
Friday
July 17
f per share
21%
16%
16%
*105
Thursday
July 16
July 15
Monday, July 21, 1947
Feb
Jun
103% Jan
2
108
Feb
1
16%
Deo
41
Feb
8
29%
Sep
36
102%
Sep
110
Feb
123
12
Oct
136
May
Feb
19
Deo
May" 16
Jan
18% Jan
6
2
17% May 19
171
May 23
JanTi
Mar 29
893A
Dec
24 Va July 15
17%
Nov
26% May
Xl6%
Deo
30
Feb
197
i(f
97
7%
July
202
May
200
Nov
210
Mar
13%
102
26% Feb
203
Jan
10
2
Sep
15%
106
Feb
Feb
V
Volume 166
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4613
(279)
23
■qMaw*
RECORD
STOCK
YORK
NEW
STOCKS
LOW AND HIGH SALE PRICES
Saturday
July 14
6 per thare
9 perthare
9 par share
37%
37
38%
8Va
38%
37%
8%
ll7/a
8%
.
11 Va
*125
*125
8%
11%
,
•125
'
8%
*125
129
6,200
6,200
Pitts Screw ft Bolt
Pittsburgh Steel Co
No par
7% preferred class B
100
5% preferred class A
.100
5%% 1st serconv pr pfd
100
.—
—
'
'
70
70
70 V»
*70
75 Va
70
79
80
78
78'Va
*77 Va
79
79
14 Va
15
*14
14%
14'/a
14%
175
*160
70 Va
.
70,
73
580
79
69%
79
79 Va
190
*14
14 Va
1,100
'
•
*160
*160
175
26
26 Va
26
12
12 Va
12 Va
24%
23
25%
22%
15 %
15 Va
12%
66
♦40
24%
24%
25%
5,500
23
22%
22%
1,000
15
15
15
15
1.200
12%
12%
11%
12 Va
llVa
11%
7,200
6,300
67 %
66%
67%
100
42
*40
.42
66%
66%
19,200
27 %
26
28 Va
26%
28
97 Va
97%
97%
97%
97%
35
35%
35%
35 Va
35 Va
35%
35%
23%
23%
23%
23 Va
109 Va
109 Va
23%
109%
2,000
7,900
109 %
109%
920
98
36>
23%
24 Va
23 Va
24
109
23 Va
109
109
108 %
109 Va
117%
119%
119%
119%
128%
129%
129%
129%
145%
146 Va
146% 146 %
*111 %
111%
1
56%
1,780
120 Va
119 Va
119%
127 Va
129
340
145 Va
146
550
119%
129 %
129%
36 Va
129% 129%
119% 119%
„
146
146
148 Va
•146
220
98
•97
'
30
111%
*111%
111%
*111%
111%
56%
57%
56%
57 Va
56 %
56%
56 Va
56 Va
3,900
26%
27%
26 Va
27
27%
27%
26%
28%
35,700
103
*108Va
109 %
*108Va
109 Va
34
33%
33%
32 Va
33
*21%
21%
21%
21%
*111%
57 Va'
27'/a
27%
-
111%
111%
♦108
105
*108
33
33
33
33%
33%
21%
21%
21%
•21%
♦21%
*40
•42
27%
28%
35 Va
CLOSED-
.
29%
97 Va
30%
97 %
■
24%
66 Va
66%
29 Va
STOCK
300
23
23
•40
42
65%
4,300
15 Va
24%
24%
12 V2 *
12%
41
65 %
.
26
•11%
13
15%
*22%
15%
*15Va
12%
41
EXCHANGE
*11%
12
26
25%
25%
13
175
•160
175
26
24%
23
25
22%
.
14 Va
*160
175
25%
*11%
26%
11%
"<
14
.
109
109
21%
I per there
2,400
♦125
—
Par
8Va
37%
10%
■
Baufe Since January I
Highest
200
1,400
.10
—No par
7
May
8% May
114
Apr
59% May
67
—No
Inc
$4.75 cum preferred
No
Publio Service Co of Colorado
Pub Serv Corp' of N J com—No
$5 preferred
No
6% preferred
7% preferred
9%
130
21
Sep
IV* Deo
Jun
9%
Apr
Jan
7
23
28
19
25% July
Nor
31% Jun
22
29% Aug
July
11
19
Feb
10
20% Sep
25
3
14%
May 17
27% Feb
Oct
Oct
Oct
16
Feb
13
34
43
Feb
17
Deo
63% Feb
67% July 17
53
Oct
71% Apr
82% Jan
32
Nov
67
May 19
May 20
15% May 17
93% Jun 17
par
20
IOO
100
100
117
Jan
31
100
.
25
No par
17%
Feb
May
105% May
41
July
Oct
30% Jun
115% Jan
120% July 17
2
108
114% Aug
119% Jun
139% May
112
117% Feb
69% Jan
1
103
61% Feb
May 19
3
Nov
47% Sep
19% Feb
107
Oct
128
Jan
150
Jan
28% May
118% Jun
86% Feb
30
Sep
38% Feb
23% Jan 27
19% Feb
88% Aug
200
Quaker State Oil Ref Corp ....18
39,300
Radio Corp of Amer
No par
$3.50 conv 1st preferred—No par
70
80% Feb
4
Radio-Kelth-Orpheum
10% May 21
15% Jan
2
Mar 14
20
Sep
30
Sep
Sep
Mar
110
May 28
127
98% Deo
25% Feb 21
103% Apr 24
109% May 14
par
38
2
102% Feb 13
38% Jan
2
30% May 19
21% Jan 16
par
11% Nov
283/a July 18
109 % Jan 17
.—
200
57
5
No par
Purity Bakeries Corp
Oct
Jun
May
18% Feb
24
51% May 19
21% May 19
106% Jun
2
(The)
9% conv preferred
Pure Oil
Nov
Feb
96%
12% Nov
110% Jun 24
Pullman Inc..
34% Jan
200
3
14% Jan
No par
Pub Ser El ft Gas
Oct
13
27% July
pfd $5—JYo par
...
92
59
68%
12%
200
Jan
Nov
Deo
Mar 29
July 14
5
14
22% Peb
141
74
17% Pen
48% Jan
Oct
80
129% July 15
146 Va July 9
114% Feb
8
preferred.,
Oct
I per thare
103
12
17
19% May 19
113/4 May 17
9
30
8
13
10% Jun
par
Industries
22
Highest
I per share
1
14
9% Feb
13
Feb
19
10% May 19
171
May 15
17% May 16
preferred ser A—.......50
4%%
Procter ft Gamble
42% Feb
19
Jan
Lowest
9 per thare
32% Apr 21
Pittsburgh ft West Va
100
Pitts Young ft Ash pfd.
100
Plttston Co
(The) *
1
Plough Ino
0
Plymouth Oil Co.
Pond Creek Pocahontas
—
1
Poor ft Co class B
No par
Pressed Steel Cltr Co Inc.——l
Publicker
Year 1946
Lowest
11 Va
8
11%
EXCHANGE
Pitts Plate Glass Co.
37
8%
10 Va
Range for Previous
NEW YORK STOCK
Shares
9 per thare
38%
37%
38
11%
8%
11%
8%
11%
July 18
9 per thare
9 per share
Bales for
the Week
Friday
Thursday
July 17
Wednesday
July 16
Tuesday
July 15
Monday
July 12
R
9%
9%
9Va
9%
9
9%
9%
9%
9
9%
,
79
79%
77
78
75%
76%
75
76
13%
13%
13%
13%
13%
13%
13%
13%
104 Va
104%
*103%
104%
34%
,34%
22%
34%
34 %
34%-
34%
34%
34%
*34
34%
700
22%
22 %
22%
22%
24%
23
23%
36%
35%
22%
35%
35%
36
36
36
36
36
20%
X20%
20%
20%
20%
221/4
36
■
* 104%
♦104
21
20%
>44
45
45
45
*45
47
39
39
♦37
41
*37
*104
39%
13%
♦13%
•100
110
13%
*100
105
13%
*13%
105
14%
14%
14%
105
14%
110%
110%
110%
*24%
24%
24%
13%
13%
74%
111
74V4
*13%
112%
20 3/4
*46
48%
200
4%
non-cum
*37
39%
100
4%
non-cum
13%
13%
105-
14%
*100
14%
24%
14
14%,
112% 115
75 »/a
♦74%
14%
*74<V
35%
34%
34%
34 %
♦100
24%
35%
101%
•100
101%
31%
31
31%
31
28%
111%
6
6%
12%
27%
111%
20
6%
6%
6%
6
5%
12%
28
28%
♦111%
19%
8%
24%
25%
106%
8%
107%
2-0%
109
8%
75%
*74%
75%
10
5%
35%
33%
34%
5,600
101%
*100
■
100
31%
3,000
30%
6%
5%
53%
7,800
-5%
5%.
5%
5%
7,300
12%
12%
12%
800
27%
28%
113
27 y4
27%
55,400
*111%
113%
100
*111%
.20%
*107%
20%
19
108
9%
5% ft
9%
31,200
tRexall
4,800
108
121/4
12%
12%
12%
12%
12%
12%
12%
42%
42%
42%
42%
42
42%
46%
46%
47
*47
102%
102%
103
103
22%
22%
23
16%
22%
16%
16%
16%
•27%
28%
27%
27%
7%
,
47%
*102%
16%
16%
*27
28%
*7%
7%
,7%
22%
22%
22
22%
22
22
56%
56%
56
57
55%
56%
22%
22%
22%
22%
22%
22%
16%
*27
7%
Reynolds
30
3,200
16%
8,600
100
*22
56%
*22
28%
7%
*27
*21%
22%
57%
551/4
551/4
1,800
2-2%
900
7
7
*22
22%
3.60 ft
700
400
Tuesday
f per share
f per thare
July 13
$ per ehare
46%
47%
47
Thursday
July 17
July 16
9 per thare
46%
47%
f per thare
......
46%
46%
9%
8%
30
28%
29%
-281%
28%
28
11
11%
11%
11%
10%
11%
11%
11%
95%.
95%
9%
9
*94%
96
♦94%
96
94
■
9
8%
94%
•
.
9
9,500
11%
'
11%
60,300
96
24%
23%
24%
24%
25%
113%
113%
113%
*113%
114%
8%
9%
91/a
91/4
9%
9%
9
32 %
32%
31%
9%
32 %
X30%
31%
301/4
30%
30
45
45%
45%
45%
45%
45%
Vg
45%
98i/8
*99
99%
lOlVi
1011%
*101
101%
*QQ
9Q
1C0
*101%
102%
15%
16%
'101%
16
45%
45
,
99
*98
102 J/4
16
16
*93%
96
*95
97
18%
17%
18
17
50
50
49%
49%
31%
31%
31%
31%
25%
.261/4
*113% 114%
95
♦92 %
18
6%
6%
40 %
40%
6%
40
13%
14
13%
11%
11%
11%
13
•108%
,
16%
17
48%
48%
30%
.
17%.
30%
25%
113%
99%
48%
48%
1,000
30%
31%
71/4
1,500
Seaboard
200
Seagrave Corp
38%
393/4
28,500
Sears Roebuck
-13%
13%
2,600.
111/4
108%
27%
26%
27%
6%
*6%
11
11
13
13%
13
11 Ve
11%
12%
123/4
1,500
5,900
108 %
*1081/4 108%
27
261/4
108%
20
27
32 %
32%
26%
31%
32%'
311/4
31%
31%
31%
23
23%
23
231/B
221/4
23
22%
23
X22
*77
78 %
♦77
77
77
78%
*76%
78%
100
18%
18
18 ya
1,500
*13
133/4
1,300
13,200
19%
18%
78%
18%
*181/4
13
•13
12%
CLOSED
13
32%
31%
32%
32%
8
SZCHANOI
13
32
STOCK
8%
7%
8y8
7%
5%
36
5% '
5%
37%
35%
5%
51/4
361/4
36
♦76
18%
18%
13%
13 3/a
33
8
5%
51/4
36 y4
36
5ya
5%
36 %
4,60Q
45
45
*44
46
16 VB
161/4
16
i6
*75
16%
76%
16
75%
*75
18%
59
59
36%
36%
•101
102
29
30
16%
17
4%
4%
6%
7
•51
.
16%'
18%
44
160
58
58%
58
58
900
37
37
36
37
6,200
30%
43%
11
*101% 101%
Gas..
Pen Co
Oil
Simonds Saw ft Steel
Sinclair Oil Corp
„
4%
4%
4%
4,500
South Am Gold ft Platinum...
3,300
South Carolina E ft G Co
43%
161
63/4
6%
6%
63/8
51
513/4
513/4
400
163/4
163/4
163/4
2,500
43%
161
33 %
33%
33 y»
22%
22%
223/4
22%
22%
46%
453/4
46 y»
4S%
46
43%
*162
331/4
433/8
33
;
-
;
43
165
33%
22 3/8
443/4
46 Va
162
33%
22%
43%
162
33%
1,600
130
2,000
.223/8
22 %
3.500
44%
45%
23,700
"
8
9% Jun
Mar 12
20 Va Apr
15
24% May 19
18
May 19
3
75
Jun
16
May 16
12
Jun
20
24% May
6% May
4
Apr
27% May
15
15
10
10 ya May 19
107
19
19
14
19
5ft
preferred
——
preferred
Southern
California
Pacific
6%
Oct
13%
Oct
30%
40% Sep
21% Oct
6
65
34%
Apr
Feb
Jun
May
Jan
Year 1946
January 1
Highest
Lowest
6 per share
9 per share
45
Highest
t per thare
64
Sep
May
55% Jan
2
12 Va Jan
<2
11%
Deo
12%
Deo
2
11% July 17
96
Jun 30
26 % July 17
30%
Dec
33
Deo
22
Nov
32% Jan
114Va Mar
110% Sep
9% Nov
4
34% May
116
18
Mar
Jan
Apr
July
2
1
3% May 20
6% Jun 12
July 15
14% May 28
37 % May 19
51
154
*
May 19
37%
Feb
39%
Sep
Oct
Jan
77%
17% Sep
23
6% Nov
17%
Apr
Feb
40% July 14
16 Va Feb
8
35% Nov
49%
Apr
16% Feb
11
13% Nov
16% Feb
Jan
3
7
•
10 va Feb
110
10%
12%
105
6%
51
16 Va
24% Jan
113% May
39
40%
Jan
39% May
91% May
27% Feb
8
5%
34 Va Jan
19
47% Feb
28 ya
1
Oct
Jan
85%
Sep
87%
Oct
Nov
35% Nov
99
Deo
29% Sep
13% Oct
4% Sep
7% Deo
9
9
8
Feb
42
30
6
Fib
Oct
14%
14
July 11
5V» Feb
8
8% Jan
Jun
17% July
64
15
17
54 Va Apr
43%
Deo
38% Jan
11
22% Jan
7
56
Jan 18
170% Jan
9
86% Apr
Jun
May
20% Jan
33
Jan 23
102 Va Jun
35% Jan
Apr
Feb
Oct
77
Jan
17% Sep
July 17
17
Feb
8
Jan
7
Feb 21
Jan
8
July 8
Feb 13
60 Va July
32%
Oct
23
9% Feb
41
Oct
Deo
Feb 10
22
23% May
22% July
23 %
6
82
Feb 19
21% Feb 18
33% Jan
34
Nov
17%
27% July 1
38
Feb 18
30% Apr 25
22 % July 16
34 Va Apr
Jun
102% Nov
3
42
May 20
13% Mar 14
110%
20
31% July 14
20 Va
24 %
Dec
95% Deo
100
24% Feb 13
55
Feb 15
76 Va
98
...50
—.7.50
98 Va Mar
May 19
Mar 13
May 20
29% May 19
—7.50
Co—;——No par
18 Va Jan
Apr 22
65
1
1100
Edison—_25
Southern Natural Gas Co
Southern
Jun
20% May
44.
17
26% Feb 21
14
Southeastern Greyhound Lines
5
South Porto Rlbo Sugar—J7o par
8ft
Jan
39
.
38
4%
16%
Mar
5% May 17
Corp —
■
—10
ft Sons Carpet Co
20
3% ft cum preferred
100
Smith ft Corona TypewriterJVo par
Socony Vacuum Oil Co Inc—18
500
51
17
11% May 19
39% May 17
(A O)
45,900
7
60
38
Oct
Oct
102 % July
(A)
293/4
1-7%
3
49 Va Jan
100% Jan
Iron—..20
16%
52
9
May 19
15
16%
16%
Jun
1
3
14% May 19
90
Jun 26
No par
163/4
*50
Feb
31
Deo
12%
25
167/a July 15
96% Jan
No par
30%
6%
•
Nov
19
Aug
5
30
43/4
Feb
100
3
July
—1
16%
4%
43
6
61
—No par
Skelly Oil Co
Smith
Feb
60
104
Feb
25% Feb
Oct
1
new
29
*29
29
26
42
No par
...
Smith
Jan
100
No par
No par
—.....
ft
18% May
Jan
Nov
No par
...
Steel
45%
136
63
1
Corp of America.
Silver King Coalition Mines
Sloss-Sheffleld
9% Oct
24% Sep
105% Sep
Apr
31% May
Jan
11% Feb
1
Sheraton
Simmons Co
110%
"
28% Feb
41% Mar 14
No-par
pref ser A
(Frank G)
(WA)
118
a
55% Jan
1
—
Dohme
Union
Oct
Sep
Sep
18
87
46% Jun
60% July
108% Feb
11 % May 14
17
34
102
Sheaffer
107%
40% Feb
Sep
5
conv
Shattuck
bnell
Co
Corp
Feb
21% Feb
Nov
30 Va May 19
16%
6%
161
*101%
$3.50
ft
Apr
17 ya
12%
No par
...
29
4%
'
%
37%
*101% 102
-
17
i7y8
footnotes see page 25.
1,700
57
22%
For
18%
37%
45%
33%
18
57
51
43%
400
37%
17
■
22,900
59
51
*160%
300
16 y8
76»/a
18%.
17
44%
18%
45
-
18%
52%
160
15%
76 %
18%
4%
6%
45
y4
763/B
18%
♦101% 102
*29
8
353/4
43%
36%
ft
5%
75%
*57%
Steel
Eharpe
36%
16%
76%
18%
18%
Sharon
2,600
OH
24%
36 Va
23
common
2,200
33%
7%
Co
Apr
34% July
96% May
—100
preferred
Shamrock
8
Jan
2
Jan 28
May
50% Jun
105%
7
No par
5
;
ft
Rubber
inc
$4.50
3,700
5,300
3,700
43%
Servel
31%
32%
8%
Seiberllng
22%
31%
34
8
16 %
431%
A—
of Del
Co
Apr
27% May
23% May 17
—No par
Seeger Refrigerator Co—
27
26%
13%
323/4
*42%
76%
Oil
45%
101
4
3
16
*110% Jun
'
26%
18%
I—1100
—100
48%
31
Apr
112% Feb
16% Oct
125% Jan
7% May 19
pfd__.
cum
Feb
Jun
46% Jan
16% Feb
17
93% Jun 16
20% May 19
Scott Paper Co
l_No par
$3.40 cum pfd
LNo par
Scovill Mfg Co. 3.65ft cum pfd.100
Scranton Elec Co (The)—
5
3.35 ft
33%
53%
7% Nov
7
11% Feb
Feb
May
Apr
44 Va Feb
14
18
Corp.. —1/75
31
13%
13
3,900
39
7
Deo
13% Oct
24% Oct
10 V* Mar 31
....
31
13%
*108 y4
16
98%
49%
33
19
5Va May 19
5
48%
13%
Hi/4
13%
40
150
Apr
112% Feb
14
Apr
40.
—100
Seaboard Air Line vtc
5% preferred series
40
11%
1,300
101
Apr
110
39
9Va Jun
—
preferred
Savage' Arms Corp
Schenley Distillers
113% May 28
24% Feb 16
124
I per share
—
-
5,500
391/4
108%
2,600
29,600
9% Jan
Jan
96% Mar
Oct
24% Mar 31
10
St. Regis Paper Co
1st pfd 4.40ft series A—
5 ft
20
1
,
Safeway Stores
8
19
28%
Range for Previous
—
16%
40 y4
13%
60
•
317/a July
Deo
32 % Mar
May 19
42% May 19
18% May 19
St L-San F Ry Co com vtc- -No par
Pfd series A 5ft
—100
16
39%
.108%
23,900
St Joseph Lead
Oct
9
6% July
Par
17%
40%
13 %
993/4.
101
15%
*6%
.
45%
*961/4
6%
13%
30%
.
16
*61/2
14
230
25%
114
9
97
6%
108%
"
15%
*96
20,200
•
96
23%
113%
9
2,500
8%
28%
May 13
Range Since
Lowest
Shares
8%
100
May 27
20
EXCHANGE
28%
291/4
3
May 19
23% May 16
NEW YORK STOCK
46
45%:
.46%
8%
29
2
v
Sake for
9 per there
.
8
Jan
21
13% Jan
Oil Corp
No par
Company
No par
Roan Antelope Copper Mines
Royal Typewriter
1
Ruberoid Co (The)
—No par
Ruppert, Jacob
f
Ritter
the Week
Friday
July18
40% Feb
102
30% Feb
19
_1
STOCKS
Wednesday
July 15
100
Mfg Co
LOW AND HIGH SALE PRICES
Monday
July 14
Saturday
series
Richfield
28%
16%
Rheem
74
18
4
9
May
36% Apr
45
May
100% Jun
in
...
Preferred
5,200
Deo
14% Nov
7
3
7
1
class B—10
Tob
(R J)
Common
22%
22%
7%
7%
1,000
Sep
8
8% Feb
90
100
Dee
84% Feb
13
19 % Jun
No par
8,400
103
22%
16"%
Co
conv
Sep
76%
13
17% Feb
Nov
12%
26%
29% Feb
103% My 28
2.50
Metals
preferred...—.
Reynolds Spring
473/4
*47%
*102% 103
22%
23%
5%ft
11%
■41%
102%
Ino
Drug
Reynolds
Deb
15
15% Feb
14
Deo
17% Sep
32% Nov
16% Sep
40
Sep
36% Oct
99
4
16% Feb 11
117% Mar 13
9
110% Jan
100
No par
.100
42
11%
42%
80
,
22% May 19
No par
preferred
July 14
Jun 30
11
10
Revere Copper & Brass—
10
July 17
18% Feb
108% Mar
4% May 19
5
May 17
1
..50c
prior pfd ser A
conv
30
231/8
108
41%
46%
*47%
6ft
4,700
24 Va Jan
Feb
39
24
May
2
46
24 % May 19
100
1
—
Jun
72
25
Republio Aviation Corp
Republic Pictures
—;
$1 conv preferred
Republic Steel £orp
19 y2
9%
23
237/s
No par
No par
—100
I
Manufacturing Co
Conv pfd 3% ft series..
Remington-Rand
$4.50 preferred
Reo Motors, Inc.
107%
107%
112%
47%
100
Reliance
91/8
22%
pfd
Reliable Stores Corp..
800
*107%
103
ft Co 1st
600
13%
9%
22%
(Robt)
25
31%
,
107%
Rels
5
50o
100%
32
10
217/s
3
Not
76% Deo
15% Oct
38% Feb 14
34% May 22
9% May 17
100%, Apr
9
11
May 16
85
May 17
20% May 21
11% May 28
100
Inc
Bros
41
9
Mar
41
Feb
25% Jan
16% May 17
50
50
Real Silk Hosiery
Preferred
Reeves
35% Jun
50
.
1st preferred
2nd preferred
13%
23%
23%
*106% 111
25
24%
106%
113%
19%
♦107
320
Reading Company
25
*12%
,
28%.
•111%
'
109
*107
12%
27%
113y2
19%
20%
107% 107%
8%
8%
6
121/4
116%
116
2,400
.25
14%
102
31
6%
6
12%
34%
*100
31%
6%
6%
12%
101
'
*74%
35%
101
31%
14 y8
75%
600
14%
1
9
7
105% Mar 12
102
May 28
28% May 19
17% May 19
100
No par
25 Vb
25V8
-
133/4
105
14%
.
pfd
Raybsstos Manhattan
Rayonler Ino
$3 preferred
10% Feb
7% May 19
Apr 15
.......1
Ralston Purina Co 3%%
10,500
1,800
2,200
"
241/4
170
104%
39%
*100
-
14%
16,300
46
.
*37%
13%
*100
15
13%
104%
20%
46
2,100
13
104%
20
.
75%
77 y4
62% Deo
20% Deo
.
48% Sep
167
Dec
30
Sep
22% Jan
38% Oct
•6%
61
•1
Jun
Feb
Jan
66% May
108
48
16%
July
May
Jun
8% May
9
Nov
Nov
82% Deo
•3
59% Feb
May
39% July
193
33% May
vo
Jun
Monday, July 21, 1947
CHRONICLE
COMMERCIAL S: FINANCIAL
THE
(280)
Range for Previous
STOCKS
LOW AND HIGH
Tuesday
Saturday
July 12
July 15
Monday
SALE PRICES
July 16
July 14
9
69%
38%
*69
70%
70
*77
81
*18
5%
5%
9%
31%
29%
30%
20%
19 %
20
19%
14
13%
14
13%
79%
79%
79%
79%
17%
17
17%
16%
13
%
78%
17%
STOCK
29%
30%
29%
EXCHANGE
98%
98%
99
27%
28
103%
104
103%
116
28%
118%
118%
61%
62'A
61%
118%
62%
42
42%
41%
42%
76%
77%
76%
61%
76%
77%
27%
27%
27%
28
104%
104%
*103%
105
♦103%
14%
14%
14%
34%
112%
30%
800
♦99%
45%
45%
*42%
43%
*42%
16%
16%
*15%
16 %-
♦15%
41%
41%
41%
104%
41%
41%
♦111%
30
300
62
60%
42 %
43 %
42%
61'A
43%
76 %
77'A
76%
78
29%
31
*45 %
43 %
16%
7,400
41%
♦102%
104
17
16%
3,700
16%
16'A
17
16 %
17
17
16%
16%
18%
18%
5,600
18%
18%
18%
18%
18%
19,
18%
18%
19%
20
19%
900
20%
19%
104%
104
104
20
20
20
20
20%
14%
14%
4,000
14%
14%
23%
22 Vs
64,600
22 %
21%
22%
23 y4
21%
22%
21
15
22%
14%
15%
14%
14%
14%
12%
13%
13'A
12%
13%
12%
12%
12%
12%
107
57
57
*122
123
*122'
123
10%
41%
42
10%
10%
10%
10%
*123%
18
40%
39%
10%
10%
10%
41%
40%
40%
10%
10%
10
ioy4'
1,900
3,200'
19%
20 Vs
19%
20
4,100
♦123%
126
126
♦123%
127
♦123%
128
17%
18%
39%
20
20%
20%
20%
17%
40%
41
41
17
1,800
41
42
300
♦17
17%
400
17%
41
•17
17
17%
♦17
17%
18
18
35
36
34 %
35
34%
35%
35
35
35
24%
24%
25
24%
24%
24%
24%
24%
24%
23%
237/a
24
24%
24
*17
'
23%
24%
101%
101%
101%
101%
101%
102%
7%
7%
7%
7%
7%
7%
12%
11%
•11%
-11%
*11%
11%
6%
6%
6%
6%
6%
6%
16%
16 %
16%
16%
17
16%
64%
63%
64%
64%
64
64%
14%
14%
14%
14%
14
54%
33
'
54
54%
53%
33%
-
54% '
33%
33%
33%
26 V?
Z1
27%
26
<49 %
50%
♦49
17-
2,800
*11%
11%
200
Talcott Inc
400
Telautograph Corp
6
6
16%
16%
64 %
65
65 Vs
67
14 Vs
14 Vs
14%
143/4
15%
54%
54
55;
53%
54%
33%
33%
33%
26%
♦43
'
50
16%
55
55
55%
•54
16
16
11%
11%
11%
54
54
9%
20%
1,900
20 %
12%
123/4
600
45%
46
300
Thompson
•101%
103
540.
5
1,900.
13%
13%
13
13
13
45%
•45
45%
45%
45%
•100
101%
101%
102
29
29
29
21%
2P/4
21%
21%
21%
21%
105%
105%
105%
106%
106
18%
18%
18
48
48
43
18 Vs
18%
47%
48%
12%
13%:
-
29
29
21%
21%
7 Va
18 Vs
18 3/4
18
18 %„
48
48
%
47%
48 %
1,900
12%
as%
48
13
'
12%
12%
6,300
17%
17%
4,800
13 Vs
18%
18
18
17%
17
17
♦16
•108%
10.9,
19%
20
32%
33
*40%
42
19
19
18%
32%
33%
32%
33%
41%
41%
41%
9%
41%
41%-
13 Va
13%
42
*41.%
13%
31 Vs
31%
41%
40
40
106 Vs
•103
106
9%
9
9
1,300'
42
10
♦103
9%
13%
'
*41 %
42
*41 %
3,500
14%
14%
14%
13%
100
Va
112% Feb
May
Oct
3
37% Jan
6
34% Nov
55
Jun
20
101% Jan
13
08%
Dec
99 %
May:16
36% Jan
2
20%
60% May
May 17
114% Feb
18
70
Oct
Oct
May 17
125
Feb
19
78
Mar 17
Jan
3
Jan
6
105
—-50
! ^
1
—No
Products com—
R)
Cen
53%
Jun
Oct
41%
Jan
102 %
Saturday
Tuesday
Monday
July 12
July 14
t per
I per share
f per share
July 16
July 15
4
,
SALE PRICES
Wednesday
109 % Aug
39% May
13
May 19
Jun
3
24% Jan
20%
Dec
21% Jan
21
Jan
23"
Feb
14%
Oct
23%
Apr
Jan
Feb
3
11
18 Vs
Oct
15% Feb
3
17
12%
Nov
103%
Sep
,75% Mar 24
61%
Sep
17
109 % Apr
11
Oct
14
2
6
42%
Sep
56% Aug
10%
Oct
Oct
24
17
17%
Oct
160
13% Mar
23% Feb
May 19
24'A Feb
May 19
47
Jun
9
Jan
25%
Jun
Feb
68 %
Aug
July
14 Va
Oct
26 Va May
35
Sep
65
May <
18
46 Va
21
8
Sep
<!
Sep
61% July
,h
15
Sep
30% May
Sep
Oct
17%
70
Feb
Jun
Nov
13% Sep
13
10
15
48
21% Feb
33/4 May 17
20
May 19
18
May 19
21
2
19
13
17
17
May 13
5% May 19
Jua
2
15 % May
19
263/4 May 19
69%
Jun
Oct
5 Va Oct
112%
Jun
13%
Jan
Oct
68
Jan
24%
Apr
102
32
Nov
Nov
21% Feb
4
13
15% Jan
3
22% Jan
6
16 Vs
51% Feb
38%
t per shar4
'
share
Thursday
Oct
26%
Jun
Oct
66 %
Jan
Oct
21% May
18%
Dec
71
14
3
.7% Feb
7
112% Feb 20
21 % Feb 20
38% Jan
6
Dec
33%
Oct
Sep
12%
57/s
105
9 per
■
13.
12%
12%
12%
13
56
55
55
54
54
♦53
12%
12%
12%
13
13
13
13
13
33%
-
33%
33%
33%
'
U5
113%
114 %.
106-
*103%
106
♦103%
106"• '
*103%' 106
103%
*102
103
•♦102
103
*102
109
103
22%
22%
22%
22 %
,
139%
139
140
109
109
109%
109%
34%
34%
20
20%
23%
22%
107%
♦102
103
139%
139%
*107%' 108%
108%
19%
34%
19%
♦106 %
107%-
23%
24%
115
116
34%
*33%
Un El Co of
106
10
Preferred
103
,
'
60
11,300
3,800
500
35%
400
19 Vs
19%
9,600
107'A
300
24%-
24 %
*114
117
*114,
109
*
107%
25%
24%
23%
140%
♦33%
.
116
44,500
800
113
114..
113%
113%
21%
21%
21%
21%
21%"
21
%.
21%
21
21%.
2,000
21
32%
32%
32%
32%
32%
32%
32%
32%
2,400
29 %
*28 Vs
29%
32%
32%
29
29
*28 Vs
5%
5%
♦59%
60 %
5%
60%
♦23
29
5%
5%
60 %
60 %
3%
3%
3%
3%
49 Vs
49%
48%
*7%
7%
*7%
♦80
83%
82
82
14%
14%
14%
40
40
39%
53%
54%
53%
54%
23
23
23
17
17%
16%
*106%
*107
109
60%
6%
*28 Vs
L
'
:
3%
49
60%
3%
49 %
*7%
7%
'3%
3%.
48%
6 Vs
61
:
7%
7%
60%
6%
'
49%
3%
49
6
49
30
6%
61
100
22,500
*80
83%
80
81%
7%
3%
31,000
49%
500
♦79
81
110
14%
13%
14%
14
14%
2,300
40%
40%
40 %
40%
600
54%
57 %
56
55%
56%
13,900
23
22.%
22%
22%
22%
22.%
22%
2,000
17%
16%
16%
16%
17
16%
17'A
13,100
110
14%
*39
*107
109%
*107
^58
109%
*107
109 %
14%
14%
14%
14
14
14%
15%
14%
14%
4,300
14%
21%
20%
20%
20%
20%
20%
20%
19%
20%
6,100
20%
105%
*105%
107 %
70
105%
17%
*17%
17%
600
17%
104%
105%
104
104
190
187
187
*105%
17%
footnotes
see
*187
189
10%
For
17%
106%
105
*187
♦80
106
18%
page
18%
♦80
83
25.
19%
83
106
17%
.19%
•80%
105
17%
19%
85
105%
17%
102%
*187
18%
*80
106
17%
104
103
103
2,800
189
187
187
Oil
Union
Pacific
4%
18%
18%
*80
18%
85
1,600
Range Since
Lowest
>.
'...
Dec
11
11%
Oct
24
Apr
18
15% Mar
5
43%
Dec
71%
Apr
11 Va
Nov
26%
Jan
6
27
Feb
51 % Feb
preferred
5
100
10
preferred
United Air Lines Inc___:
conv
4%%
cum
preferred
United Biscuit
Co new_.
United Carbon Co. new
United-Carr Fast
United
$3.50
Corp
'—100
-No par
-No par
..No par
Cigar-Whelan Stores--_30c
conv.: preferred
>__100
United
Corp
1
5
1
common
$3 preference
United Dyewood
Preferred
United Electric
—L
Corp
100
5
5
Coal Cos
Fdy
Engineering &
United Fruit Co
United
No par
Improvement Co__13%
United Merch & Mfrs Inc com
1
5%. preferred
i
100
United Paperboard
.10
U S & Foreign Secur
No par
$4.50 preferred
No par
U S Freight Co!
No par
United
U
S
7%
U
S
Gas
Gypsum Co—...
preferred
Hoffman Mach Corp
4%.%
preferred
.
May
79
106%
Jan
r
1
—
14
Jan 15
Jan 29
May 14
Feb 14
Apr 14
Apr 15
Jan 3
30
May 21
16% May 19
103% Jan 15
21
Jan 16
20
100
5
100
107% Mar 10
19% May 28
28% Jun 10
26% Jan 15
4% May 16
55 % Jun 10
2% May 19
48 Vs Jun 24
6% May 28
78% May 22
11% May 20
33
May 17
44% Jan 14
20% Jun 9
12 % May 17
104% Jun 17
12
Jan 16
15% May 19
102 May 28
12% May 19
86 May 19
187 July 16
16 May 17
' 80
Jun 30
f per
share
$ per
Highest
Lowest
Highest
..
43 % May 19
9% May 17
25 % May 19
89%
xll2%
104%
99%
—25
20
100
120
100
105
No par
Car__-
January 1
12% July 2
,_1
United Aircraft Corp
5%
63% May
102%
16
I per share
Nq par
1
5
No par
No par
ser No par
No par
No par
California
RR Co___
non-cum
Tank
Union
20
85
of
Union
3,800
8%
40%
14%
'40
Mo pfd $4.50
$3.70 series,.
Preferred
$3.50' series
160
'
7%
& Carb—
Carbide
100
•108%
104
Union
115
139
19%
19%
*103
Union Bag & Paper
7,400
22%
108% '
24
1,500
11,100
'
u
Udylite Corp (The) —
Unaerwooa Corp
i
Union Asbestos Ruber Co
110
104,
4
22%
20
23
*114
140%
35
19%
108%
114%' 114%
22%
22%
34%
35
107%
108
•107
;
12%
32%
'
22%
138%
139
800
32
109%
109%
t-
54
32%-
32%
108%
*114%
115
*103%
CLOSED
33%
32%
5,300'
*12 3/4
'
100%, 109%
110%,
110
*114%
EXCHANGE
,
14
54
54
54%
•
13%
13%
13
22% May
Oct
Nov
Range for Previous
Year 1946
Shares
share
I
Jan
46 Va
6
9% May 19
Par
.
12%
8TOCK
9 per
share
Feb
Mar
114
Sep
16
Jan
37 Va
Jun
38% May 19
EXCHANGE
the Week
July 18
July 17
Feb
112
13%
19% Feb
;
21% May
Oct
09 Va
Jan
1
18 %
Oct
38 %
9%
17%
48
50
Dec
14 %
24
104
7% May 13
Oct
20%
21% July 15
22
par
Feb
16
5
11
59% Jan 30
106
Mar 10
7% Feb
3
39 % Feu
1
108% Feb
Jun
32%
47
16% Feb
May 21
Jun
Sep
Oct
60%
Feb
14% Feb
4
18
9% Mar
60 %
23
Jun
13
Sep
{
18
21% Feb 18
59% Feb 13
17% Feb 13
13"% Feb
19% May
Dec
52
58% Feb
Jan 13
Jan
16%
6%
July 17
55"
109% Aug
14%
7
17% Feb
Feb
41
Nov
101
;• 67
July 18
15% July 18
28%'July
102
Jan
7% Jan
13
35 % May
36%
Nov
19 y4
16
101
Feb
25% Nov
35% July 18
14
Sep
41 Va
11% Jan
14
13 % May
Aug
Feb 17
9
May 16
10 Va May
Apr
21
7
10% Feb
40% May
55%
Sep
7% Nov
May 19
15% May
23
Jan
31
104% Mar 11
25
Dec
Nov
13%
13
28'% Feb
May 19
May
19%
1
37"% Jan 28
27% Jan : 2
27
Apr
35% May
38
7
5
Mar
Apr
19
2
Jan
102
July 11
127
13
102% Jan
Jun
May
7%
45 Vs Jan
May 20
Jun
May
78 %
124% Aug
10% July 14
May 19
Jan
38% July
24 % May
110
Apr
117
July 10
123
May 27
Jan
26% May
25% Feb
13
NEW YORK STOCK
Sales for
Friday
May
63
Oct
Vs Oct
STOCKS
LOW AND HIGH
26% Aug
16 Vs
Jan
May 19
—
Sep
19% Feb
98
par
Jun
37
104 % Mar
38
par
60
MarT4
par
Corp__ —No par
Nov
Jan
63/4 May 10
—No par
-
Feb
37 Va
May 17
_100
Corp
Jan
25
49
-
May 13
July
30
Oct
18
May 20
16% Jan
.
78% May
108%
Dec
II
43 % Mar
May 17
12 Va May
25
Nov
100%
7
Feb
49
3
Feb
20% Mar
11
17% Feb
May 19
Apr
59% Aug
49% May
61%
29
Jan
Apr
149%
37
July 17
31
Dec
135%
Oct
Feb
42 Va
43% July 13
78
July 18
May 19
Jun
107%
11
62% July 16
Mar 11
41
—No par
1
Apr
Jun
Jai)
16
12
May 19
9% May 19
49% May 17
$1.50
600
16
Mar
Apr
116
13% May 19
Fox Film
—No
preferred
—No
$4.50 prior pfd
—No
Twin City Rapid Transit¬
s' conv prior pfd
Twin Coach Co
20th
14,400
May
52 % Jun
Transit Corp -No par
1
(The) —
(J
Truax-Traer
32%
May .12
55
5
f
20%
24%
Feb
21% Jan
4%
preferred
Thompson-Starrett Co
L_ —No par
No par
$3.50 cum preferred
-10
Tide Water Associated Oil
—No par
$3.75 preferred
.5Timken1 Detroit- Axle—
—No par
Timken Roller Bearing
2
' tTransamerica Corp
—5
Transcont'l & West Air Inc
—No par
Transue & Williams St'l__
:
1
Tri-Continental Corp
—No par
$6 preferred
4,100
20 Vs
*40%
42
13 Va
13%
270
109
108%
32%
9%
*41%
6%
63/4
■
12,400
20%
"
9%
9%
9 Va
7
'
300
17
♦16
109
7,500,
,
20
106 Vs
•103
107
*103
104,
-
•
17%
'6%
108 %
■
18%"
♦103%
7
6%
7%
108%
18%
480
106 3/s
106
17%
7
108%
600.
Sep
33%
46% May 27
Steel Co
Thomas
11,900;
106%
*106
106%
13
7%
108%
213/4
21%
18
17
9%
29%
13%
13 Vs
.
18%
17
41%
5
♦17
17%
104
5Vs
29
29
'■
.
102
5
5Vs
5 Vs
5%
5
5%
30
conv
Thompson
s
15 Vs
2
55% Mar 14
100
,.1
preferred-
common
Avenue
9%
20%
14%
5Vs
Third
10
20%
♦13%
*297/s
div
$2%
10.
800
*9%
20%
5
—No par
.
—
9%
18% Feb
45 % Jan
153/4 Jan
Co_—
Ry
pfd
Co
20%
May Y9
lOVsJan
.^_10
Glass Mfg Co___
Thermoid
2,400
54%
♦54
Pacific
conv
Fair
The
100.
16%
13
100%
55%
*54%
11%
20%
457/a
&
Thatcher
450
$2.40
May 20
13% May 20
-No par
Pacific
9%
10
102
Texas
2,200
♦15%
20%
46
1,000
16%
54%
11%
20%
100%
49
49
11%
•15
20%
46
Texas
16 Vs
55%
16
9.700
9,700
1
353/4
39%
109 %
3% May 16
1
Gulf
Texas
Nov
84% Sep
10
25
—
Sulphur_____L
Coal & OilPacific Land Trust1
3,600
27
?
(The)
Texas Gulf Producing
15,100
.
14 Va
4
5
Texas Co
Jan
Apr
7
5
J
40%
25
20%
97 %
5%
-
July
Dec
17% Feb
36
14%
30%
22%
9
;
Corp
Tennessee
16,800;
1
(James)
Texas
33%
'.rfV
16%
2,000
'
26
"
..
26%
: 26
,51%
,
16%'
10
7%
6%
16%
11%
♦54
10
102
16%
26
54%
55
9%
110
17
*6
55
11%
11%
11%
•54
5,400
,
7%
.
•49%
16%
24%,
*101
,11%
17
♦15
16%
24%
6,000"
23%
51
54
55
55.
♦15%
%
16%
17
3,700
24%
101% 101%
7%
7%
,-•11%
35%,
'
May
90% Feb
17Vs
101%
13
50
,
23% Feb
Sep
May 19
7%
Co
Paper
May 19
27
104
92
18%
32%
8%
10
Sweets Co of Amer ('The)—4.16%
Swift & Co____
25
Swift International Ltd——
Sylvania Elec Prod's inc
No par
$'4 preferredl
*
No par
Symington Gould Corp,,,
1
Sutherland
July 16
Feb
31% July 14
10 V2 May 19
May 19
16
10 yB May 19
Jun 18
106
May 26
51
Jan 10
118
No par
25
7
13
93% Jan
27
Jun
Apr
14% Jan
May 19
,
Corp (The)
Chemical Corp
Superheater Co (The)
Superior Oil of Calif
Superior Steel Corp
*41
17%
17
17%
Ye
40,400
10%
40%
10%
10%
128
40
10%
X41%
18
2,000
123
42
10%
42%
19%
123
20%
10%
42 %
*123%
56%
*56
124
*123
123
123
10%
10%
57
57
57%
'*
Jan
13%
14%
19 %
5
1
20
preferred
—No par
l
1
$4.50 series A preferred.
No par
Sun Oil Co
No par
Class A pfd (4%%
cum)
100
Sunray Oil Corp
Sunshine Biscuits Inc,_,,,___12.50
Suiishine Mining Co4
10c
6,300
13%
102
Studebaker
Sun
Apr
5% Oct
11% Nov
May 19
x35%
Webster
&
Stone
107
♦104
107
*104
107
57
57%
57%
13
*104
107
♦104
'
*104
Drug
prior
5 %
30%
37
12
1
5
100
Stores Inc
Inc common
3 % % preferred
Stewart-Warner Corp
Stokley-Van
Camp Inc__
200
"102%
Nov
63
No par
(The) L S
Bros
Sterling
5,800
16%
23%
101%
10%
4iy4
;
'
104
•103
104
100
16
40%
41%
41 %
45,000
43
43
*15%
Sterchl
29,100
30%
*103% 104%
13%
14
45'A
45 %
45 %
*42%
*15%
$7 prior preierred
Standard Oil of Calif
26,900
29%
104%
14%
14
Starrett Co
500
61 %
"103%
par
No par
No par
Standard Oil of Indiana
25
Standard Oil of New Jersey
25
Standard Oil of Ohio
10
3% % preferred series A
100,
Standard Steel Spring
l
4% conv preferred
50
„
800
27,300
,
Jun
96
26 y2
97%
17 %
81
89
50%
37%
par
par
par
400
115
Jun
90%
Oct
,
No par
—,—
Brands, Inc.--—No
preferred,
No
Standard G & E Co $4 pref __No
$6 prior preferred
-—No
'
104
♦114%
115%
65
Oct
73
28%
16%
8
71%
13%
32
109%
1
$3.50 cum
-17,300
Sep
64 %
17
20% Feb
4
7% Feb
8
May 17
4Vs
___5
Standard
900
♦102
104
preferred
$4
10
33
8
15
6
D Co_,_*
Squibb (ER) & Sons common
700
2
Feb
80
Jun
70
Square
22,500
27%
267/b
28%
27%
115
120
100
100
100
"102
45%
43%
16%
41%
*45
34%
35
111%
30%
30
6,200
lt>,UUd
50% Jan
77
13
74 %
Kellogg & Sons new—— 1
Sperry Corp (The*
1
Spiegel Inc —:
2
Conv $4.50
preferred,,—No par
2,300
14%
42%
42%
16%
35
105
46
*45
80
16%
111%
14.
14%
80
42%
77%
29%
28%
1
13%
79%
16%
13 %
79%
16%
116
62%
41%
118
19%
13
13%
99%
27%
103%
26%
104
28%
103
29
19%
36
99%
99
-
28%
20
30%
29%
30
29%
,
:
Spencer
11.000
I per share
I per share
share
May 19
57%
1
preferred
$5.50
-
S per
Highest
Lowest
Highest
May 19
28
No par
Spear & Co
400
19%
112%
♦111
112%
*111
112%
35
36
36
36
36'
*111'
3,400
28%
29%
19%
13%
79%
16%
28%
19%
800
85
*78
85
♦78
85
♦78
5%
9%
9%
*9 %
No par
preferred
100
Mobile & Ohio stk tr ctfs
100,
Spalding (A G) & Bros Inc
1
Sparks Withington
No par
10
18%
5%
9%
18%
5%
5%
5%
28"%'
CLOSED
18
9%
85
*78
85
*75
82
,
non-cum
5%
600
83
18
9%
*9
*79
*79
5%
5%
9%
70
18
18"
18 %
18
5%
9%
70
Railway
Southern
16,600
70
Year 1946
January 1
$ per share
Par
Shares
39
38
39%
*69
82
*79
'
$ per share
share
38%
39%
70
79
18%
79
I per
share
9 per
the Week
July 18
July 17
40%
39%
40%
69%
38%
share
I per
share
9 per
perehar*
Thursday
Wednesday
Range Since
Lowest
YORK STOCK
EXCHANGE
NEW
Sales for
Friday
July 18
1
share
i25
34% Feb 17
110% July 11
115
Mar. 31
103
July. 18
104
Jun
6
23 % July 18
140% July 17
111
Feb 26
May'
Sep
80%
12
Nov
23%
23
Jan
39
May
88
Sep
125
Apr
111
Jun
115%
Jan
106
Feb
111
96
Dec
107%
49
68 % FeD
15% Jan
9 per share
'
20% Nov
Apr
29
Oct
Jun
May
•
38% Feb
10
21% Apr
5
109
Mar 27
2
120% Apr.
1
21% July 16
28% Apr
Feb:
110
Oct
168%
102%
Oct
120% Mar.
i
j,
Sep
42%
Janu
16% Nov
37%
Jan)
32
101
Dec
19% Nov
Jan
119
Jan
54%
■
—:
32% July 15
8
8% Feb
8
83
Jan.10
4Vs Jan 31
32
Feb;
53% Mar
10 %
Feb
95
Jan
Feb
16
43% Jan
53
27
89
Oct
Oct
Dec
7y8
56%
Apr!
Sep;1
Jap
July; j:
16% Aug
34%
Dec
Janr
-
41%
Oct
53% Aug
■■
Apr*,
12%
Oct
Oct
30%
22
Aug
104%
Oct
9%
Sep
6
Feb 17
12
19 % Feb 21
21% Feb 13
Jan 28
18% Feb
3
Feb 11
196 % Mar 29
107 %
94
8%
Dec
May
17%
13
2
19 %
6
Feb 15
33% Jan
3%
44
40
71% Mar
110% Apr
106
6%
78
Oct
Oct
10
2
July 17
24% Jan
23%
12% Nov
18%
15 Va
Oct
105% Aug ■
21% Feb t
56
110
32% May
109% July
"101
Nov
13
Nov
93
Sep
132
Deo
*205
187%
ij
Jap,
15% July
29%
Feb
May
Sep.
Apr
26
Feb
47%
90
Sep
98% Aug
Volume 166
Number
4613
THE COMMERCIAL & FINANCIAL
CHRONICLE
(281)
NEW
YORK
STOCK
RECORD
LOW AND HIGH SALE PRICES
Saturday
Monday
July 13
July 14
$ per share
Tuesday
July 15
STOCKS
Wednesday
t per share
t per share
tper share
Thursday
July 17
July 1C
$
Friday
July 18
share
per
49%
49 74
7%
7V2
35%
*7
♦34%
3574
357t
3574
21%
35 74
3534
217a
3574
35
.21%
227a
22 3/4
23 74
♦97a
22 7a
10
9 7a
23%
9%
223/a
97a
9 7a
*9 7a
41%
974
*9 7a
4174
41
413A
56
56
317a
7%
♦55
49
7
'
497a
'
7
4174
56
7
41
317a
307a
3172
101 y2
10iy2
1017a
1017a
1017a
5274
51%
*1507a
52%
5074
5174
50
1507a
1507a
148
*150 %
153
152
'
49 7e
STOCK
50 V2
4974
74
75
30
•'*
5074
74
'
75
31
4974
31
*
50
757a
75 7a
747a
7674
7474
76
7474
14574
14574
146
1467a
14774
20
20
20
47
*45%
*46
6%
7 7a
10
678
;
107a
*104
87a
874
5%
20 74
7
5,000
U
,
110
2,100
1,890
*104
87a
87a
87a
87a
874
8%
487a
*45 7a
*45 7a
487a
*45 7a
487a
*18 7a
20 7a
*18 5/8
>
87a
487a
572
19%
5 7a
187a
53/4
18%
574
6
6%
6%
95
X93
93
93
93
*91
94
*175
180
*176
180
*176
24
247a
237a
24
81
82
82
82
2274
'
Sto«*M«
94
*176
8%
10
23%
227a
23
225/8
225/8
84
84
84
84
84
*82
Universal
220
Leaf
t
7
44
474%
270
Co
Inc
100
Sep
4874 Nov
Feb
27
Feb
144
28
8
4074
Oct
80
Apr
Feb
Oct
657a
142
847a
Sep
89
Oct
x72
Mar 27
106
187
Nov
97% Feb
Deo
Feb
Feb
166
Feb
Feb
19
20% Nov
48% Feb
29 y*
Jan
21
47
NOV
7% Apr
557a
1
Sep
9%
Jun
Jan
20%
Apr
13
Jun
474
7%
1274 Feb 21
109% Jun 18
Jan 27
Oct
1007a Nov
10 74* Jan
30
7
52
17
41
17
18%
128
Sep
Sep
26
May
4 7a
May
797a May
165
May
19 7» May
79
May
l
preferred
51
797a Feb
7» May 20
(16
1
100
Pictures
Universal
3,000
l
No par
100
11
1
Jan
Jan
102
5
11
Feb
6074 May
Apr
397a Dec
84
13
May
5
8
-
81
23
..2
preferred
Dec
150
.50
Tob
Sep
607a Feb
May 19
44 74
No par
pfd—_
conv
Universal-Cyclops Steel Corp
Universal Laboratories Inc
700
3,300
180
cum
Nov
2
May 19
t
__
4%
100
35
36%
19
7a Apr 29
25
25% Aug
117a July
59
Feb
Jan
19
±—l
Jan
Jan
Dec
165
6178 May 19
:
Jan
137«
9
73
May
137a
44
5
103 74 Mar
5
62
Sep
Sep
10
39
16
68
674
$ per share
A
25
Apr
140
2d pfd_5
non-c
United
7,400
'
$4.20
$6 cony preferred
a
Wall Paper, Inc
J.
"
;
674
94
preferred
non-cum
lo
38% May 17
jl——No par
Stockyards Corp
7
4074 Jun
142 7a Jun
100
Co—:
s: Tobacco
8
23
447a Feb
23
common—_No par
—
United
'
6
180
Corp
United
197a
19%
U
Jun
50
Steel
4,000
109%
87a
S
Preferred
6,500
I
100
i———.10
non-cum 1st preferred—100
Smelting Ref & Min
50
7%
67a
107a
i..,,
Preferred
U
87a Feb
Highest
share
37% Nov
2374 July 16
9 74 Jan
7
May 19
497a May 24
23 7a
May 19
.10
—100
I per
13
35% Jun
22
35
Rubber Co
S
473/a
63/4
107a
20
*
8 %
1,100
t
Foundry
5374 Feb
3
16 7» Jan
.
&
13
25% Jan
10
-
Jan
Lowest
$ per share
57a May 19
—..No par
—__1
—j.
preferred
Pipe
U S
47,700
77a
110
U
745/a
*46
A_;
X41
Year 1940
Highest
I per share
No par
No par
Playing Card Co
S Plywood CorpJ-j—
374% cum pfd series A
1,100
4,100
757a
107a
*104
4%%
8,400
r
i
1477a
207a
20
cl
conv
U S Lines Co
90
495/8
737a
ft
Chemicals
Co
S
67a
177
177
S
U
107a
107a
*104
U
200
487a
147
4774
2,900
;
149
"7574
*46
67a
•
1074
110
75 7a
20
4774
i
*45 7a
19
9472
;
107a
*104
46
18
207a
*46
67a
1074
110
46
207a
r 48
497a
757a
300
32
1477a
1477a
207a
Partlc
22,000
10274
487a
74
1477a
800
1
,i
60
497a
75 7a
757a
145y8
closed
5174
7a
Leather
4274
*1017a
150
48
Industrial
S
974
31
1023/4
S
U
i
357a
*57
31%
1017a
U
1,800
Range for Previous
Range Since January 1
Lowest
Par
22 5/8
42
60
STOCK
EXCHANGE
' 2,800
,
674
,
NEW YORK
Shares
4974
674 '
417a
*57
51
*483/4
497a
674
■
41%
56
56
43
*101
Exchange
Sales for
the Week
S per share
49 %
497a
2!
22
Feb
I i
Jan
1174 July
54
July
Feb
7
Deo
20
1174 Feb
10
27 V*
8
Deo
17
22
99
2
91
Nov
20
192
7
187
May
25
Nov
77 Vt
Deo
Jan
Mar
21
297a Feb
3
16
91% Feb
13
Feb
Apr
1107a Jan
2007a
r-1
Apr
497a
Jan
101
Apr
V
1872
19
18
155/'a
16
153/4
35 72
36
18%
157a
167a
153/a
34
333/4
177a
17%
17%
15 7a
1574
*155/a
■35%
35%
*35 7a
157a
157a
337a
1774
16 %
367a
3674
1774
157a
3674
3574
157a
16
153/a
16.
157a
34%
*86
*.33%
347a
91
*86
91
*86
91-
*85 y2
95
*86
*85 7a
91
95
*85 7a
88
*85 7a
95
4774
48
*100
-
477a
103
*100
77a
77a
8574
8574
119 74
11972
*84
77a
874
119
% 8
11974
*40
1197a
1197a
*84
41
357a
3572
347a
357a"
36
3674
357a
35%
357a
5,300
Vertientes-Camaguey Sugar Co.6%
347a
700
102
89
600
250
41
35
1,600
35 7a
35%
357a
155
150
150
148
148
*150
160
*147
*150
152
160
*147
*150
*150
159
*150
*68
1574
*68
71
♦69
71
70
*1574
70
16
16
200
16
*34
157a
16
333/4
3374
1,100
337a
337a
347a
347a
343/4
1097a
*10774
1097a
217a
227a
22
227a
217a
107a
217a
1174
107a
U 7a
•217a
127a
103/4
10'/a
137a
13 74
107a
13%
99%
1374
997a
99%
99 74
1674
98%
17 y4
17
17%
1674
277a
27
367a
,*25
1073/4
2174
2174
21%
133/8
167a
2374
23%
*22 /
2674
37
25
25
217a
2374
3574
3574
357a
87a
87a
87a
87a
457a
463/4
453/4
46
86
867a
86 74
4574
867a
86
867a
86
2574
25
257a
*114
115 v."
X117
117
*10774
108
*106 7a
1147a
*11374
1147a
26
v
41
41
112
403/4
*111
4074
112
-2674
157a
Sep
6
30
Oct
837a
Oct
113
94
Jan
13
May
917a Nov
115
Feb
49
Jan
7
367a
53
May
1087/a Aug
127/a Jan
997a July
U
'•?
30
20
1047a May 14
Mar
v
974 Mar
6
Monday
July 13"
367a
*24 7a
5
July 15
I per share
7%
4574
457a
Feb
'5
Dec
97
Feb
£4
1237a
80
Jan
105
45
Feb
21
40;
Dec
53
128
40
4
Apr
38
18
Jan
148
6
153
Jan
56
8
1177a
118
17
Feb
3374
337a
♦1143/s
II53/4
407a
4074
407a
lll7/a
8
V.
7%
5574
67a
67a
15%
*14 7a
34
*32 7a
86
*83
8
40
112
34
53
170
Mar
Mar 21
145
Dec
178
May
75% Feb 18
.
740
$4
'.'
■
50
11574
.,
'
.
260
1,400
113%
West
20
Va
4%%
29
3
197a Feb
13
1067a Mar
157a
7
187a Feb
157a
23%
24%
23%
3574
237a
34%
357a
35
30 r-"
35%
2974
29%
287a :297a
1007a
1017a
1057a
1067a
105
10574
4474
44 74
*43
43%
\34
33
10174
72
*31
.
•v.
50
Jan
Jan
39
Dec
27
22
25%
Dec
Co
No par
—5
227a Apr 28
177a May 20
2074 Apr 29
237a Feb
20
2674 Feb
Sep
207a Oct
3574 Mar
3474 Feb
1
Inc.
Sugar
13
5
307a May 23
297a
41
Sep
31
477a
Jan 1
1674
Apr
5
6
No par
Jan
8
Feb
1274 Jan
16
48
Apr
90
Feb
*31%
97e
14
,
*31
8%
*17%
:
'
*8%
*66
9974
14
32
-■
1
257a
-
15
*84
91
317a
♦307a
317a
8%
874
874
17%
*134
177«
148
56
50
*134
56
497a
i
5874
88
87
88
91
91
91
64
68
127a
367a
*63
67%
11%
36%
115
6
1127a Jan
14
7
1157a Feb
13
106
Sep
11374 Oct
327a Nov
11174 Sep
May
July
110
Feb
45
24
113
3
Feb
Jan
27
145%
*134
...
5974
60
867a
86%
91
91
*62%
64
6774
"
11%
37
1378,
1474
*1374
4674
463/4
*18 74
187a
4774
187a
187a
"
!
.1174
377a
107a
500
*134
1457a
•'
593/4
597a
497a
"'497a..
60
60
-
91
87
.
64
67 V
67
11%
11%
37
37
Prior
.
600
6,400
37
2,000
Yule
14
137a
133/4
187a
4674
*18 7a
687a
187a
3,500
I,100
York
4674
6774
*18%
687a
187a
667a
200
177a
677a
17%
6574
667a
1774
177a
18
177a
177a
II,400
2,700
22%
23 7a
77a
21%
227a
73/4
2174
77a
7%
7%
77.
22
7%
& Towne
Mfg Co..
._29
cum
^
Young Spring & Wire
Youngstown Sheet ft Tube
Youngstown Steel Door
217a
5,400
Zenith
7
774
4,900
Zonite
Radio
Corp—
Corp——
11674 Apr
delivery."
C. 10374 Jun
106
30
Mar
99 "
1
n
Jan
i;
3274
\
567a
101
.
Jan
Jun
Apr
Oct
53%
267a
Oct
217a
91
Nov
417a Jun
39%. Jan
Dec
95
Jan
;
Dec
98
Nov
9
63
Aug
72
Jan
Feb
13
100
Oct
106
Jan
44% Feb
7
16
Jun 27
197/a Mar 18
.145% May 19
1972
9%
847a
2974
43
2
19
28
19
1017/e Mar 31
367a Nov
907a Nov
1077a
Jan
627a May
10774 July
Feb
7
2774 Feb
44
May
29% Feb
8
2174 Nov
44
Jan
34
:
!
19
19
177a Feb
1
17
90
Feb
3
13
34
Feb
13
17
17
19
872 Jun
1174 Nov
26
137a Feb«: 11
1574 Jan
30
99
■;
29
Jan
63% Jun
Apr
.1457a May 19
94
2672
May
67
9674
31.:
39
103
May
May
May
May
May
May
May
May
May
May
May
Apr
28
Jan
60
2
Mar 27
53
Feb.
81% Sep
30
Nov
237a July
105
36
574 Oct
127a
Nov
2674
9
12%
Sep
9572 Sep
15 y8 Oct
142
Mar
34
Feb
21
101
2174
160
July
May
Jan
Jan
July
July
Feb
Jun
52
May
627a May
74
Aug
43
May 19
487* May 19
68% Feb
13
11
94% Apr
3
84%
437a Sep
Sep
Sep
100
Apr
20
877a
Sep
103
May
8
7574
Dec
106
83
'
Jun
Jun
9
100
•
Jun
2
80
84
62
637a May 19
8,
May 17
15
No par
35
907a May
137a Jan
6
1027a July 18
627a Mar 27
»
187a
Highest
$ per share
July 14
No par
,—50
Products
tin reoeivership. - a Deferred
July 18
July .11
34
No par
No par
.1
preferred
30
34
May 21
107a May 19
May 19
147a Mayl9
5374 May 17
Corp
4 72 %
21
no sales on this day.
tName changed from United Rexall
Drug Inc.
x-Ex-dividends.
—10
Wright Aeronautical—:—No par
Wrigley (Wm) Jr (Del)
No par
Wyandotte Worsted Co
5
4774
247a July 14
*
M (Del)—No par
Prior pfd 4%% series
—100
Prior pfd 4% % conv series—100
135/a
Oct
Jan 24
107a
4774
71
55
Inc———No par
$4.25 preferred
—#0 par
Wilson-Jones Co——
—10
Wisconsin El Pow Co 61 pfd__100
14
14
27
26 , May 14
9872 Mq,r 17
Co
Jan
57a
11
6
6%
10
2
3574 Jun
572
&
Jan
774 Dec
57
Sep
Sep
Sep
>36
1027a Jan 27
-5
477a
187a
2374
'
»—-1
Motors.—
11
May 19
271/4 May 19
7a'May 19
93
preferred J—————20
Co
Jun
6
3
42 74 Feb 18
90
Mar 29
22
100
Worthington P ft
.
•
conv
OH
■*
I per share
4
77a Feb
187a Feb
•17
White Motor Co——
——1
White Sewing
Macjtr Corp———1
$4 conv preferred
—No par
Wilcox
107a Jan
7572 Jan
May 16
974 May 17
277a May 17
-
74
——5—No par
8,200
150
*62 7a
68
363/4
.
117% Aug
11974 May
5374 Jun
Year 1940
Lowest
I per share
574 May 19
38% May 19
4
<•'
—100
Woodward Iron Co
Woolworth (F W) Co—
40'
.
91
64
11V*■'•11%
3,100
A——
2,600
'
.
♦86%
common
Wilson
800
CO—-J*—-10
Ry—i——100
preferred.:—100
3.80% cum pfd series B——100
Weston Elec Instrument——-12.50
Westvaco Chlorine Prod—•
31,700
1774
vl
—1
pfd series A:
Willys-Overland
97%
*1774
Cum
42,500 '
-147a 714%
♦96
*67
774
,107a
.
Too,
t per share
preferred—:
100
Wheeling Steel Corp——No par
$5 conv prior pref———No par
White Dental Mfg (The. S S)_—20
-
..
'
Par
Western Union Teleg class A-No par
Westinghouse Air Brake--—NO par
Westinghouse Electric Corp.—12%
572%
8,700
874
*62%
23%
asked prlces;
6174
87
X67
36%
.'.
3,400
317a
'
91
677a
91
,
874
187a
145%
'
*30 7a
597a
1474
17%
*17%
493/4
477a
187a
173/4
58
1374
68
977a
14%
...
preferred ——_—No par
Wheeling & Lake Erie Ry——100
120
.
series
Jan
437a July
897a Aug
Range for Previous
Range Since January 1
Lowest
Highest
$3.75
327»
25
♦83
87a
x
100
14
"... 31
1074.
1074'
137a ..143/4
*96% .977a
64
U7a
v
i.
24%
,
91..
,
31
100
".,',*31%
:
157a
493/a
467a
70
997a
997a
*31% •i 3272':
257a I 25%'
72
Preferred
New
""260
100
58
59%
700
1027a
3,600 '
5074
91
-100
33
.
387a
497a
*86 7a
44%
33
10274
.
1,300 V
99%
56
*
5974
87%
91
177a
*43
'•
190
...
1053/4
Maryland
Feb
14
327a May 19
100
.'(
non-cum 2nd
3%%
38
8%
14
1874
101
'
105%
20,700
997a
*83
■'
10%
148
2974
12,200 S
*65*
*
*96
'•>•101/
3974
i.
14%
91
977a
15,200 r
.
72
39 V
9974
.
."'■25 ' "
.
*
32%
102
36
*99%. 100
137a
56
17%
327a
102
,
3974
107a
60
687a
'
102
39
14%
507a
36%
-
72
200
23%.
2874
4%
Apr
Aug
1217a Jan
113
Western Pacific RR Co com_No par
-
800 :
•
1017a
33
337a
3574
.
45
119
1227a
1177a Mar 11
1137a May 14
34% Jan
-
•/.
;.
Sep
9% Sep
31% Sep
857a Sep
29
Sep
108
Sep
105
No par
STOCK
EXCHANGE v "'.
Western
500
84%
-'227a
'.
.
105%'
447a
10%
497a
12
1007a
1017a
♦1007a
r
297a
*43
1374
*96
•
..357a
.
1057a
1474
547a
68
*31
*31
24
357a
45
10.
5974
•627a
*43
167a:
•967a" '98
*134
25 7a
*83
■
3.17a:
*8%
32 7a
137a i. 14
'
91
993/4
257a
14 7a
*83
7
40%
237a
23
'
■■
-
8374 May 22
217a May 19
1107a Jan
3
•
1
Pulp & Pap Co
preferred
May 17
377a Jan
No par
Corp
Western Air Lines Inc
Western Auto Supply
4,100 f
..
847a
1057a
1057a
674
*32 7a
86
•
2374 Aug
Nov
1,500'
527a
15
.
7.
Sep
167a Oct
Jun
1874 July
1077a Feb
18%
3,300
7%
51%
15
'
1027a
*66
102
40 i
*101
1017a
72
*31%
257a
13%
'
997a
32
2574
101
*66
♦100
41
9974
1023/4?
33.,.
101
v
r
100
4074
99
CLOSED
,1017a
■"•'i
.
Shares;
100
7
Oct
20%
Oct
30
NEW YORK
-i'i
the Week
7%
:
33 -;
*83
Sale* for
67a
■
6%
33
£0
.
Friday
July 18
974
Xil% Mar
397a Jan
West Penn Efaotric class A—No par
7% preferred
—100
6% preferred
100
West Penn Power 4%% pfd——100
40
108
137a Feb
.
Jan
preferred
Indies
Mar
297a
31
Co.
Tobacco
conv
West
260
111
105
7
22
—
10,900
Apr
Apr
237a Nov
July 17
31
Webster
277a
Jun
54
Jan
Wesson Oil & Snowdrift
fper share
52%
157a
8472
*83
.
73/4
>
67*
337a
29
EXCHANGE
774
52
6 7a
247a
100
7
Feb
2374
Dec
28
Wayne Knitting Mills
Wayne Pump Co
700
86
Oct
337a
247a Jan
27
1374 Apr
5
Sep
15%
11
109
May 21
98 74 Jun
B6
25
367a Feb
*
May 14
STOCKS
I per share
54%
'
35 7a
STOCK
Apr
Oct
21
2,800
40
,
*111
Thursday
./
847a
32 74
4574 Jan
52
130
No par
Washington Gas Lt
Motor
11
f—100
—
1,500
118
*114%
July 17
24%
10174
Apr
Corp——_____5
Petroleum
72
115
1077a
1147a
9 per share
V 6%
15%
67a
1574
•*67
37 " Sep
327a Nov
17
Jun
-.:■(
Apr !; !
July %
177a Jan
30
1037a Mar 17
x1772 May 14
77/a May 19
No par
No par
common.———1
Baking'Co
Waukesha
297a Apr
100
G & W
Warren Fdy & Pipe
100
8674
*117
108
Wednesday
54
6%
•157a
72 '
117%
16
175
57
Apr 16
•137a Apr 21
No par
457a
2674
*106%
112
100
No par
572% preferred
Warner Bros Pictures
Warren
200
8
86
,.
277a
r.
1,200 '
3574
115
4072
preferred
Co..
preferred
Ward
600
24
*35"'.
115
1147a
2174
*8 7a
86
*
V
*22%
_
11474
July 16
I per share
8
547a
Apr
121
327a Jun
100
100
(Hiram)
Walworth Co—
2,800
25
2174
117%
♦111
Tuesday
July 14
I per share
57a Dec
637a Sep
9174 Jan 28
Jun
5
LOW AND HIGH SALE
PRICES
Saturday
Sep
Dec
100
26%
517a
May 19
3674 May 17
33 V4 July
2
:
25
Walker
19,600
2674
363/a
1077a
1077a
167a
';
,
-
8%
2674
~'V
115
*117
„
*8
27%
*114
108
*113 7a
*111
Apr
2
86
25
Apr
587a
20
Jan
X118
pfd—100
—
Feb
2574
Feb
39
57a May 19
69
May 19
100
39
Oct
Nov
947a Feb
'
—
357a
353/4
874
114
130
*•
35 7a
36%
117
6,300
217a
2374
477a
257z
1374
•-■'
24
872
114
10,400
987t
4%
3,800
107a
'
217a
4674
117
213/4
>,,.9874
16%' y
26
36 7a
Walgreen
40
,*13 74
1374;
27
109
1074
•
98 %
3774
217a
237a
367a
101
'-,:■
100
preferred
Wabash RR 4%%
Waldorf System
900
21%
107a /
{9872
26
21%
109
217a
137a
*25
*23%
103
98%
3674
26
109
•17
*2674
367a
■«
347a
10774
27
36%
2574
-
prefered—
Preferred
71
3474
367a
partic
Visklng Corp (The) class A
Vulcan Detinning Co
20
157a
1574
*10774
277a
—100
Nov
15 y8
20% Jan
357a May 19
No par
17%
35
Jun
89
5
7
15
13
Feb
May 19
,87
—100
Feb
187a Feb
41
W
71
*25
div
6 %
159
157a
100
preferred
Virginian Ry Co
: <
800
152
160
*68
*
6%
800
*343/4
cum
Va El & Pow $5 pref_—
Va Iron Coal & Coke 5%
90
403/4
357t
35 7a
2.50
Va-Carolina Chemical
119
*147
y-Ex-nghts.
10,500
22
147a May 21
307a May 17
1274 May 19
3174 May 14
10
Chemical Co
372%
75/a
*84
Inc
Shreve ft Pac Ry
non-cum preferred
Victor Chemical Works
1,100
; 1374 May 17
2.50
5%
47
11874
Co
•
No par
Co
Vicks
417a
:
Vick
91
*86
90
35 74
35%
Raalte
7%
11874
41%
1,000
Van
95
7a
47
89
41
Norman
1574
*100 7a
*86
357a
*34 7a
Van
*86
*85
8
1183/4
Vanadium Corp of Am
1,500
357a
102
7%
*87
90
1,500
16
*34
"
4774
*100 7a
■-■-
87a
88 7a
42
:
" r,
-
34%
4774
102
887a
90
7a
477a
*100
8874
*86
42
477a
102
86
90
*41
477a
34 7a
177a
41
May 17
147a May 19
57a Jun
New stock,
r
Cash
Feb
Feb
70 Ye Mar
18% Feb
45
1
sale,
Feb
6
597a
Oct
827a
Apr
10
13 y4
Deo
25%
Jun
33
Oct
Jan
3
1674 Feb
11
61% July
1374 Nov
2774
157a
35 y2
Jan
5072 Mar 31
23
Feb
7
Oct
Jan
727a Feb
18
57% Sep
837/a May
217a Feb
21
15
31
Jan
42%
14%
Apr
25
July 7
107a Jan 31
5
47
s
Special sales,
NOV
19% Deo
9
Sep
Jan
wd When distributed.
11
t
26
Transactions at the New York Curb Exchange
Exchange
Transactions at the New York Stock
Daily, Weekly and Yearly
Daily, Weekly and Yearly
Week Ended July 18,
Railroad
Stocks,
1947
Bonds
1,177,880
229,900
$3,906,000
301,000
2,707,000
3,903,000
158,000
2,452,000
114,000
1,917,000
771,000
5,938,973
Thursday
2,980,000
922,113
—
3,099,000
1,108,350
Wednesday
$16,236,000
$1,167,900
$9,301,000
Friday
Total
8^000
95,000
1,000
1,000
366,000
24,000
Thursday
272,785
398,000
50,000
14,000
462,000
Friday—
235,315
406,000
1,457,900
$1,870,000
$174,000
$17,000
Total
1947
140,930,903
207,439,883
$23,000
$130,000
$2,444,500
$17,417,700
Bonds
Stocks—No. of shares
1,8~95~500
16,236,000
15,729,000
40,325,800
522,532,100
$26,727,900
$17,754,500
$574,603,400
$770,907,200
-
Railroad & Industrial
$2,061,000
Jan. 1 to July 18
1946
1947
1940
1,696,825
43,743,615
91,924,185
$1,870,000
$789,000
$39,784,000
$43,483,000
174,000
73,000
3,535,000
7,093,000
17,000
2,000
318,000
309,000
$2,061,000
Bonds
47,512,300
705,977,200
..
1,457,900
$954,000
$43,637,000
$50,885,000
Domestic
9,301,000
9,301,000
1,167,900
International Bank
535,000
406,000
Week Ended July 18
4,659,660
U. S. Government
Total.
$292,000
270,000
510,000
1946
5,938,973
Foreign
$1,000
275,055
251,520
July 18
1947
Total
Corporate
—
423,225
$26,727,900
Jan. 1 to
Saturday closing
$286,000 •
$5,000
—
:
Wednesday
3,337,000
$23,000
Foreign
Government
Domestic
Monday
6,115,000
5,978,000
Week Ended July 18
1946
1947
Stocks—No. of shares
Saturday
Foreign
of
Shares)
Week Ended July 18,1947
$4,182,000
7,115,900
$15,000
Bonds (Par Value)
(Number
—
1,038,550
Tuesday—
Sales
$365,000
$3,802,000
1,662,080
Monday
Bond
Bonds
Bonds
Stocks
Total
Government
Int'l
Saturday closing
Saturday
United States
Bank
Foreign
of and Miscel,
Shares
Bonds
Number
Monday, July 21, 1947
CHRONICLE
THE COMMERCIAL & FINANCIAL
(282)
Foreign gcvernment
Foreign corporate
Total.
,
Stock and Bond Averages
Below
listed
on
are
representative stocks and bonds
closing averages of
the daily
Exchange as compiled by Dow, Jones & Co.
the New York Stock
-Bonds
-Stocke10
.
July
14—
July
15
July
16
July
185.60
185.38
185.46
183.83
184.60
17
July
18_.
:
Bond Record
the
week,
and
The
"and
are
when outside of
italic
letters
.cjSg.
July 14
High
100.30
*100.27
*105.5
105.7
*107.27
High
Low
*100.28
Low
104.35
110.11
92.51
107.75
103.68
104.29
110.11
92.48
107.64
103.63
35.65
65.84
104.34"
110.25
92.50
107.72
103.70
35.52
65.31
104.34
110.29
92.35
107.74
103.68
35.51
65.49
104.35
110.33
92.25
107.70
103.66
WEEKLY
-
107.29
July 18
July 17
Low
High
July 16
Low
High
July 15
Low
High
•
High
Low
YEARLY
sales are disregarded in the week's range, unless they are the only transactions of
occur. No account is taken of such sales in computing the range for the year.
boDds mature.
represent one or more 82d of a point.
<4tM f»»
GOVERNMENT
the Week
NEW TORE
'
Bonds(9)
Treasury
100.28
100.29
*100.27
103.29
*100.26
*105.5
105.7
*105.5
105.7
*105.4
105.6
*105.4
105.6
*107.27
107.29
*107.27
107.29
*107.26
107.28
*107.26
107.28
Treasury
1947-1952
1949-1952
1951-1955
1955-1960
1948-1951
3951-1954
1956-1959
3s
*111.17
111.19
*111.16
111.18
*101.19
111.21
*111.19
111.21
Treasury
Treasury
*111.18
111.20
101.11
*101.9
101.11
*101.9
101.11
*101.9
101.11
*101.8
101.10
Treasury
*101.9
106.17
*106.15
106.17
*106.14
106.16
*106.14
106.16
*106.14
106.16
Treasury
*106.15
27/aS
23As
23As
*112.11
112.13
*112.9
112.11
*112.9
112.11
*112.12
112.14
*112.12
112.14
Treasury
23As
—
*113.10
113.12
*113.9
113.11
*113.8
113.10
*113.11
113.13
*113.11 113.13
Treasury
*114.10
114.12
*114.9
114.11
*114.8
114.10
*114.10
114.12
Treasury
CLOSED
*101.30
102
*141.11 114.13
*101.30 102
*101.30
102
102
*101.30
*103-21 103.23
*104:22'104.24
*103.22
103.24
*103.22
103.24
♦103.22
103.24;
*103.21 1Q3.23
*104.23
1U4.25
*104.22
104.24
*104.22
104.24
*104.22
104.24
*104.27
104.29
*104.26
104.28
*104.26
104.28
*104.27
104.29
*104.26
104.28
Treasury
*106.27
106.29
*106.26
*106.26
106.28
*106.28
106.30
*106.27
106.29
Treasury
1960-1965
104.24
*104.25
104.27
*104.24
104.26
*104.25
104.27
*104.23
104.7
*104.5
104.7
*104.5
104.7
*104.5
104.7
*104.4
104.6
*103.23
103.25
*103.23
103.25
*103.23
103.25
*103.23
103.25
*103.22
5,000
104.25
*104.5
2'As
2'As
2'As
Treasury 2'As
Treasury 2'As
103.24
104.24
1949-1953
103:23
*103.21
103.23
*103.21
103.23
*103.21
103.23
103.22
*103.20
103.22
*103.20
103.22
*103.20
103.22
♦1Q3.20 103.22
<103.19 103.21
*103.19
103.21
*103.19
103.21
*103.19
103.21
*103.19
103.21
*103.18
103.20
*102.23
102.25
*102.23
102.25
*102.23
102.25
*102.23
102.25
*102.23
102.25
♦105.21
105.23
*105.20
105.22
*105.21
105.23
*105,24
105.26
*105.23
105.25
*102.23
102.25
*102.23
102.25
*102.23
102.25
♦102.23
102.25
*102.23
102.25
Treasury
*105.2
105.4
*105.2
105.4
*105.2
105.4
♦105.2
105.4
*105.2
105.4
Treasury
*103.28
.
103.30
*103.27
103.29
*103.27
103.29
*103.28
103.30
*103.27
103.29
Treasury
*107 4
107.6
*107.4
107.6
♦107.4
107.6
*107.6
107.8
*107.6
107.8
Treasury
*105.3
105.5
*105.2
105.4
*105.2
105.4
*105.4
105.6
*105.3
105.5
Treasury
2V2S
2'As
2'As
2'As
2'As
*102.9
Treasury
2'As
Treasury
2'As
Treasury
2s
♦102.10
102.12
*102.10
102.12
102.11
♦102.13
102.15
*102.10 102.12
*102.10
102.12
*102.10
102.12
102.10
102.10
*102.11
102.13
*102.11
102.12
*100.16
100.18
*100.16
100.18
*100.16
100.18
*100.16
100.18
*100.15
100.17
*100.22
100.24
*100.22
100.24
*100.22
100.24
*100.22
100.24
*100.22
100.24
Treasury
2s
*101.20
101.22
*101.20
101.22
♦101.20
101.22
*101.20
101.22
*101.20
101.22
Treasury
2s
♦101.22
101.24
*101.21
101.23
♦101.21 101.23
*101.22
101.24
*101.21
101.23
*101.26
101.28
*101.25
101.27
♦101.25
101.27
*101.26
101.28
*101.25
101.27
102
*101.30 102
102.2
*101.31
*101.30
102
*101.29
101.31
*101.29
101.31
*101.30
*102.1
102.3
*102
102.2
*102.31
103.1
*102
-
8,000
Treasury
102.1
_
_
2s
2s
Treasury
2s
*102.20
102.22
*102.20
102.22
♦102.20
102.22
*107.20
102.22
*102.20
102.22
*102.25
102.27
*102.24
102.26
♦102.23
102.25
*102.25
102.27
*102.23
102.25
Treasury
2s .
2s
2s
2s
Treasury
2s
Treasury
2s
102.8
*102.17
102.8
*102.7
102.9
*102.6
102.8
*102.7
102.9
*102.6
*102.16
102.18
♦102.15
102.17
*102.16
102.18
*102.16
10,000
102.8
102.19
102.18
*102 29
102.31
*102.28
102.30
»102.27
102.29
♦102.29
102.31
*102.28
105.7
*105.5
105.7
*105.5
105.7
*105.7
105.9
*105.7
Treasury
Treasury
102.30
*105.5
105.9
*100.22
100.24
*100.22
100.24
*100.22
100.24
*100.22
100.24
*100.22
101.2
*101.31
102.1
*101.31
102.1
*101
101.2
*101
101.2
101Ji
■~\c*
no
102
101.9.«101.16
101.6
101.13
101.7
101.13
102 >A
103 '/a
102.8
102.17
'102.4
102.12
102.5
102.12
sales
transacted
this
day.
a
Odd lot
transaction,
r Reglstereo
2,725,000
6,570,000
none
»*
f
r.
transaction
104.27 May
21
108.21 Feb
4
108.21 Feb
4
110.3
Jun
111.18
Feb
Feb
3
112.6
Feb
3
112.21 Aug
115.26
Jan
4
102.11
Dec
102.12
Dec
107.5
Dec
109.22
Feb
112.6
101.28 Apr
102.6
10
Feb
113.12 Aug
114.8
May 14
Nov
113.3
Nov
118.15 Mar
118.23
Feb
106
106
Apr
113.3
114.8
115.23 Apr
May 14
104.12
Feblil
104.12
Feb~21
106.16 May
105.29 Aug
1956-1958
1962-1967
1963-1968
104.24 July 14
104.23 Feb
14
Jan
2
—
June 1964-1969
Dec. 1964-1969
104.4
103.29 Jan
8
104.24
104.23 Feb
104.2
Jan
30
104.10 May
104.7
Jan
29
104.13 Apr
3
105.17 Jun
102.23
Dec. 1967-1972
Apr
107.9
Apr
Jan
107.19 Apr
107.9
Apr
102.11 Jan
Jan
107.10
Apr
Jan
106.15
Apr
2
July
102.11
105.17 Jun
9
2
101.10
2
102.22 July
Sept. 1967-1972
107.4
Jan
102.22
9
12
103.20 Apr
Nov
103
Jan 1-3
1966-1971
Jan
Jun
107.27 Apr
104.7
14
104.18 Apr 30
104.4
107.5
108.4
Jun
105.22 May
July 14
—.1965-1970
June 1967-1972
—
107.15 Jan
108.4
1952-1954
_
—
Apr
'j
103.19 Apr 10
101.15
100.28 Apr
Jan
100.15 Aug
1951-1953
109.15 Feb
106.10
Apr
106.15 Aug
—
1952-1955
108.17 Aug
1954-1950
—
105.17 Feb
7
1956-1959
105.17 Feb
7
June 1959-1962
102.16 Apr
18
102.24 May
14
Jan
6
102.24 May
8
—
Dec. 1959-1962
100.29 Jan
Apr
Dec
102.8
Dec
Jan
103.9
Jan
103.7
102.12 Apr
102
July
102.6
102.8
July 14
102.23 Apr
102.23 Apr
24
102.25 Apr
102.30 Apr
24
103.1
1953-1955
102
103.9
9
May 27
102.12 Apr
1951-1955
Dec. 1952-1954
104.7
Apr
Jan
103.22 Feb
;
Apr
-.A..*
..1951-1953
.June 1952-1954
104.10 Apr
Jan
102.8
Sept. 1949-1951
.Sept. 1950-1952
Aug
101.4
1947
..March 1950-1952
107.14 Apr
102
102.5
—
Dec. 1949-1951
108*,17
104.22 Sep
—
l3As
Treasury l'As
1950
International Bank for
Reconstruction & Development
10 year 2'As wi
1957
25 year 3s wir_-__—l'-'—.'-1972
Treasury
100.24
*101
Treasury
6
Feb
106.6
Apr
June 1949-1951
.
Highest
104.14 July
102.22 Jan
4
1
106.1
..March 1948-1950
Dec. 1948-1950
2s
Treasury
Treasury
__
'
—
2'As „
Treasury 2'As —
Treasury 2'As —
Treasury 2'As —
Treasury 2'As —
*103.20
102.13 Feb
1950-1952
*
Treasury
*103.21
1
Lowest
1948
Treasury
106.2.8
Tear 1948
1
Highest
1958-1963
2%s
23As
Treasury 2'As
Treasury 2'As
Treasury 2V2S
STOCK
EXCHANGE
102
Range for Previous
Range Since January
Lowest
4'As
3'/aS
*100.27
.
BONDS
STOCK
EXCHANGE
100.29
*101.30
40
Bonds
65.98
FrWay t
Thursday
Wednesday
Tuesday
Monday
July 12
ties
65.87
Figures after decimal point
PRICES
LOW AND HIGH SALE
Saturdav
Total
Utili-
Ralls
35.68
interest"—except for income and defaulted bonds.
Cash and deferred delivery
the regular weekly range are shown in a footnote in the week in which they
column headed "Interest Period" indicate in each case the month when the
...
10
Grade
35.88
the
in
Second
New York Stock Exchange
co>
FRIDAY
NOTICE—Prices
trials
Stocks
10
First
Grade
Rails
Closed
Closed49.83
49.80
49.69
49.26
49.33
12
July
ties
roads
trials
Indus-
65
Util-
Rail-
IndusDate—
10
Total
15
20
30
~
103.13 May
103.13 May
102.14 Nov
104.26 Feb
102.22 Nov
104.29 Feb
101.14 May
101.31 Mar
Sep
102.17 Mar
13
103.2
6
103.4
9
101.2
Jan
102.20
Jan 24
100.30 Apr
100.30 Jun
23
29
101.8 Apr
26
15
101.6
July 17
102.00 July
102.4
July 17
103.4
Mar
102.10 Oct
102.30 May
102.28 Jun
104.3
9
12
Apr 26
Jan 24
July 15
>
101.3
Oct
104.14
Jan
Volume
Number 4613
166
THE COMMERCIAL & FINANCIAL
new
york
RANGE
Friday
BONDS
New
York
bond
WEEK
Last
Period
Sale Price
Friday's
or
Bid & Asked
Low
record
ENDING
High
Bonds
JULY
18
Range Since
Sold
No.
Low
Friday
BONDS
New
January 1
York
Stock
Interest
—:—1980
J-D
112V'*
112V4 1127/a
17
Foreign Securities
2
87
87%
1951
2
m-N
84
96%
18%
19%
1949
10
16
M-S
20 Va
*102%
(Rep of)
(Republic of)
6%)
7s
5s of
1914
T ele phone
Members
REctor 2-2300
120
New
York
Stock
Exchange
ser
101 Va 101%
1
100%
115V8 115 V'4
10
j-j
111%
107% 107%
13
A-O
toava
lo'lVa
113% 113%
1
112 Va
115%
113
115%
A_1951
5%s
NY 1-1693
1st
3 Vis
Foreign Govt. & Municipal
bs
A-O
*67
M-S
80
79
80
98%
79
98%
79
2
98%
French
105%
Greek
F-A
97
A-O
92%
M-S
90%
93
94%
1962
95
s
12
102 Va
101% 101%
5
lul
102
101
102%
101
101%
A-O
A-O
M-S
1969
A-O
'100%
A-O
'100'/a
101%
101%
-__Jan
1,1976
1, 1976
J-J
—Jan
Jan
f
1,1976
J-J
$__
1967
j-j
1949
54%
1
42%
42%
1
104
1945
J -J
42%
46
11
25%
46
1945
J-J
44 Va
45
26
25
45
1945
J-J
42%
42%
26%
43%
42%
45
15
24
45
Helsingfors
45
(City) ext 6%s
....I960
A-O
i960
M-N
104
1957
A-O
1954
j.j)
1st series__
1957
s
1
A-O
series—1957
A-O
f 7s 3rd series—1957
A-O
f
s
sec
7s
2d
45
10
21
45
43%
45
14
19%
44%
4
18%
44%
AAntwerp (City) external 5s—1958
Australia (Commonw'lth) 5s of '25-1955
J-D
!_
1956
F-A
96%
96%
1966
J-D
95
1962
F-A
10-year 3%s
20-year 3Vis
16-year 3%s
Belgium external 6Vis
External
s
f
External
s
f
1949
6s
7s_„
98
34
104%
97'/a
26
96%
95%
73
95
101
95%
5
107
*■
*113
J-D
1979
45
103
109%
103%
106
109
107%
115
57
55%
45
2
45
*55
70
60
10
60
55
73%
43%
73%
44
63
*57
59
64
70
*46%
45
__
A-O
'44%
3%s Series No. 2___
3%a Series No. 3
'
\
'
.
11
II
14—
.
*54%
—
*55%
*54%
♦54%
—
27
*54%
3%s Series No. 30
54%
Brisbane
(City) s f 5s
Sinking fund gold 5s
Sinking fund gold 6s
1957
(Province
3%
1977
'
A 6s
106%
1961
J-J
108%
1954
J-J
*65
69"%
1942
M-N
*25%
27 %
1942
M-N
6s
A 6s
A-O
A-O
Feb 1961
F-A
25%
25
assented
AExtl
l
F-A
1961
♦
A 6s assented
•1
'
'-'A6s; assented
.
1961
;
3s
1961
-_1960
(Republic
5s
M-S
—1951
J-D
23%
1
23
A-O
J-J
f $
bonds
—_1970
A-O
Mtge Bank
ASinking fund 7s of
6 Vis
1947
A-O
1926
1946
M-N
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1927
1947
F-A
7s
of
cpo
nanrn
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do
loan
of
reduced
external
25
13
17
17%
49
15
21%
,*14
19
21
13%
21
J-J
'
15
25
4
♦28
♦32
29
*24%
26%
27%
23 Va
22
.
\
26 Va
23%'
25%
24
24
1
22%
29
33
39%
J-J
1946
A-O
2001
A-O
*26%
35 Va
31
26
33
35 Va
34
41
27
35%
32
39%
♦26
1953
F-A
32
32
F-A
26%
26%
26%
35
1946
A-O
34
34
34
40%
*27
32
27
35
'31
31
31
37%
27
25%
31
32
39
29
25%
32
—
1921
—
■'
J-D
to
of
2%)
2012
-
M-N
*32
2004
1967
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(Int reduced to 2.25%)
Paulo, (City)
*25 Va
1966
1926_
J-D
*25
J-D
>
>
rJ_
33
39
*25
2004
1952. >
8s^_^_^
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25
31%
42
38
42
35%
32
37
*33
40
35%
*26
•
*34
♦27
M-N
28
A
2001
1957
M-N
24%,
1
23%
5
22%
24 %
24%
24
24
23%
23%
5
23
23
2
*8%
15
80%
80%
24
24
(Int reduced to 2%)
2012
23
For Financial Institutions
;■
I
FOREIGN
U
22%
'21
20%
27
.
27
SECURITIES
<
FIRM TRADING MARKETS
26
27
25%
25%
14
78%
90
5
79
90
31
50
62%
53
50
54%
50
50
farl marks & pp. inc.
16%
52%
Qi
80 Va
80%
51%
2
52
*44
*46
*46
"
54
__
1
42
■Stamped pursuant to Plan A
27
24 %
21
38
38
27%
,
24%
13%
33
27%
23 Va
21%
16
13%
♦33
28%
23%
29%
14%
14%
13%
J-D
:
20
2012
(State of)
loan
26%
25, •
21%
27%
23
15
6
25%
29
25
22
94
FOREIGN SECURITIES SPECIALISTS
Oct 1961
Jan 1961
fnntrmfpo
24 %
*25
23%
24%
of)—
AColombia
For
23%
M-S
I960
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1928
s
9
25%
16%
.1
2006
A7s municipal loan
28
26 %
18
18
1966
Stamped pursuant to Plan A
(Int reduced to 2.25%)
28%
M-N
M-N
A7s
27%
25
A-O
1962
1927-
external
23
23
24%
17 Va
2001
(Int reduced to 2.375%)
A6V2S extl secured s f__
1
'""
1961
2.25%)
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*25
A-O
1962
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SASan
25
,-
assented
of
1961
to
<27%
II
J-D
M-N
reduced
27%
1
40
17 Va
*17
24
9
101
A-O
1950
1963
102%
105%
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23
25%
99%
105%
"
J-J
23%
25%
99
*99% 100
♦12
^
Stamped pursuant to Plan A
(Int reduced to 2.5%)——1999
external sink fund gold
1968
26%
25
J-D
^—1961
AChilean Cons Munic 7s
A 6s of
•
25%
J-D
AChinese. (Hukuang
A 6s
2
ll
15
*100 Va
A-O
82
24%
25%
98 Va
A-O
1961
A0s
110%
64
J-D
_1957
assented
Colombia
25
M-N
i—1963
A6s-'assented
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'25%
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6%si—1957
AGuaranteed sink fund 6s
A6s
107%
M-N
_1968
Rio Grande
99
13
25%
104
99 V* 100
*20
109%
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Bank
AGuaranteed sink fund 6s
'•
1962
—
Mortgage
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<5A6%& assented-^—
f-/»
M-S
1963
A6V2S assented
v-
J-J
92%
106
M-S
1961
1962
—
AExternal sinking fund 6s
AChile
1961
Sep 1961
assented————;—-Sep
AExternal sinking fund 6s
1
25
J-J
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sinking fund 6s
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(
1961
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6s_
32
19
,,25%. .25%
25%
99%
105%
A-O
100
*12
f
s
(Int reduced to 2%)
'
,
Feb
s f
25%
1960
L-—L11960
105
3
J-D
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100%
100%
A-O
assented
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J'
99
1960
6s
99
105%
99
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102%
J-J
assented—
3
99%
A-O
'
1984
AExternal sinking fund
100 Va
15
A-O
104
bonds
A'Extl'sinking fund
100
99% 100
100
1947
101 %
*
96
106
1958
100 %
7s
18
..1940
(Int reduced to 2.375%)_
AExternal loan 7%s
62
99%
f
98'/a
99%
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62
99%
s
f 6s 2d ser
s
(City of) 8s
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(Int reduced to 2.375%)
AExternal sec 6%k
1
assented
9
98
3
7s—
(Int
"3
(City) 8s
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(State of)
ARlo de Janeiro
99%
99%
99% 100%
A-O
99% 100
assented-.——:
AExternal sink funtj, gold 8s
A4%s assented 111-.—
APorto Alegre (City of) 8s
62
99%
106% 106%
107% 108%
F-A
1955
ref 3%s series B
62%
99%
4s_
33
A-O
1970
A4%s assented
61%
99%
*99
33
1963
__1957
Stamped pursuant to Plan A
(Int reduced to 2.125 %)___
(Rep of) external 7s
ANat loan extl s f 6s 1st ser
62
M-N
of)
sec
AStabilization loan
63
—.1975
$
33
M-S
1965
4%s
/uA4Vis
62
F-A
f
*28
1956
lAPpland (Rep of)r gold 6s
' ••
-
A-O
A Carlsbad
A 6s
62
1976
s
40%
36
62%
99
36
17%
1976
25-year 3%s__
A7s
48
36
17%
99% 102
\
33%
*33
m-S
J-D
62
101
99% 100
40%
28%
(Republic)—
A8s extl
*9913 101
33
33
M-S
*98
M-S
36
♦28
___
1959
414-4/2S
(Dominion
AChile
M-S
14
*33
m-s
2008
2008
extl loan
ANat loan extl
$1
100
—
10 %
*12%
1960
54%
100%
II
J-J
25%
4%-45/8s
4%-4%s
f
external
Canada
—1961
-
f 4%-4%s
s
*100
10
31
62
55%
*100 % 101%
J-D
*102%
55
of)—
stamped—
External
M-S
F-A
1950
15%
11%
7%
*25%
55
1958
23
M-S
61%
55 -!)
57%
54%
_77/a
j-j
1959
62
54%
__
11%
11%
_7%
18%
A
A Peru
62%
57%
*54%
14
J-D
J-J
97/a
'
2008
54%
*54%
__
♦12
17%
36
54%
56
II
*12%
39
61
__
Q-J
9%
*32
81
55
56
9%
J-J
__1958
external
APernambuco
63
67%
__
*54%
3%s Series No. 28
s
f
readj
'
♦54%
——
9%
9%
M-S
62%
57
3
12%
7s____i__i947
83%
55
13
*~
*__
*104
55 % ! 62%
55%
*56%
a
M-N
v
12
44%
J-D
83%
83%
56
__
7%
29
M-S
;
__
8%
44%
100 Va
105
1994
67%
__
fund
*6%
42%
44%
94
1963
57
__
104
16%
15%
102
1967
55%
60%
3
93%
104
12
Ext
75%
__
Panama
luu
AStamped assented 5s
Stamp mod 3%s ext to
78%
76%
55%
55
__
65%
65
10
9
85
76
'
f
7
69%
68
'H-:
■
*54%
3%s Series No. 29
s
77
.55
3%s Series No. 25
3%s Series No; 26
Refunding
55%
*54%
3%s Series No. 24
External
55%
1
73
*54%
—
3%s Series No. 21
External
8
55%
*54%
—v
—
a
3%s Series No. 22
3%s Series No. 23
Aires
55%
s
1
10%
A"
2.125%)
Municipal Bank extl s f 5s
Oslo (City) sink fund 4%s__
56%
*54%
3%s Series No; 20
A6s
55%
*58%
3%s Series No. 19
Buenos
36
*73%
—
3%s Series No.. 18
3%s Series No.
56%
*54%
3%s Series No. 15
65%
65%
*79
:
3%s Series No; 16
3%s Series No. 17
55%
76
__
3%s Series No. 12—
3%s Series No. 13—
3%s
55%'
»
.
4s sink fund
109
'*__
.
;
56
*66
.
,
55 %
61
55%
55%
-
3%s Series No. 7
3%s Series No. 8
43
13
55%
55%
—
3%s Series No. 6
3%s Series No.
56
55%
*
External sink
44%
55%
55%
-
3%s Series No. 4
3%s Series No. 5
3%s Series No.
44%
_
55%*
.:
12
100%
J-J
Stamped pursuant to Plan
(Int reduced to 2.125%)
59%
105
J-J
agree_1963
f 6%s
s
35
103
J-J
6%s
to
1
53%
18
*• q-j
1933
Norway (Kingdom of) 4%s
(Int reduced to 3.375% )„„1979
External $ bonds of 1944 (Plan
B)—
3%s Series No. 9___
33/4s Series No. 10
f
s
reduced
ASec external
'
,
J-D
external
(Int
47
assent
Stamped pursuant to Plan
1
funding bonds of 1931 due—1951
Stamped pursuant to Plan A
■
ASec
*45
1913
AAss'td to Nov 5,
1942,
Mlnas Geraes (State)—
63
55
6%
3%s Series No. 1
lATreasury 6s of
;*
Stamped pursuant to Plan A
1978
1943
Mexico
5s of 1899
1945
AAss'td to Nov 5, 1942,
agree_19G3
A Assenting 4s of 1904
1954
AAss'td to Nov 5,
1942, agree_1968
A Assenting 4s of 1910
1945
AAss'td to Nov 5, 1942,
agree_1963
—
48
10
AAss'td to Nov 5, 1942, agree_1968
(US) extl 5s of 1899 £
1945
A
107%
J-D
1952
A4%s assented
99%
95%
A-O
-1979
(Int reduced to 3.5%)
98
45%
55%
A-O
-
7
57%
*46%
A-O
1957
1
114
57
~
A-O
Stamped pursuant to Plan A
(Int reduced to 3.375%)
A7s • (Central Ry)
j.
"
104
12
A~O
.
A Assenting
106 % 107
J-D
J-D
(Int reduced to 3.375%)
AExternal s f 6Vis of 1927—
13
104% 104%
Stamped pursuant to Plan A
1.
22%
42
100
1968
1952
AJugoslavia (State Mtge Bk) 7s
AMedellin (Colombia) 6%s
Mexican Irrigation—
102
95%
J-J
.1955
(U S of) external 8s
1941
Stamped pursuant to Plan A
(Int reduced to 3.5%)
___1978
AExternal s f 6 Vis of 1926
1957
lABrazil
105%
95
M-S
1955
99 %
105
J-J
1964
.
f 6s series A
s
45
44%
44%
paid
paid
(Republic)
62
54%
41%
*
Irish Free State extl s f 5s
f 7s
sec
AExternal
J-J
—
—
54%
"
C
AExternal
.'
"""
♦10
7s
J-J
B
1945
4
*42
$
series
A External s
i
——
101% 101%
f 7s series
D
101%
101%
f
f 7s series
93% 102%
88
7
s
s
100 Va
51
1961
Republic extl 7s
part
part
93
97
s
A 6s
90%
20
92%
1940
Government—
A 7s
89
94 Va
8 AExternal
Haiti
1
91%
jAExternal
1
115%
102% 102 Va
1940
1969
(Republic of)
81
j-j
1942
4%s
$
f
8
A Estonia
*67
1968
(King of Norway) 4s
SAAntioquia (Dept) coll 7s A
F-A
1948
6s
Akershus
extl
3s extl
-
1947
1942
90%
104%
(Republic of)—
f
s
*113
A-O
—1955
series
Salvador
4s extl
A-O
1960
6Vis 2d series
B1
Agricultural Mtge Bank (Colombia)—
extended to
Customs Admin 5%s 2d series
T eletype
Broadway, New York
__
F-A
J-D
1953
lADominican Rep Cust Ad 5%s
8A 1st series 5%s of 1926—
|A2d series sink fund 5%s
Wertheim & Co.
97 Va
1977
(Rep of) 8s
gold
88%
1949
fADenmark 20-year extl 6s
External gold 5%s
External
jAExternal
High
89%
87
to
7s
Low
88%.
M-N
Rica
ASinking fund 8s series B
1952
Stamped assented (int reduced
fund
January 1
No.
1953
ACosta
ACzechoslovakia
fund
Range Since
Sold
High
25-year
114%
110%
Sinking fund 5%s
sink
Bonds
j-d
(City) 5s
gold 4%s
External loan 4%s
4%s external debt
sink
Friday's
1952
Cuba
AGtd
or
Bid Sc Asked
Copenhagen
Corporate Stock
AOtd
Sale Price
Low
Transit Unification Issue—
'■
Week's Range
Last
Period
Exchange
High
New York City
3%
(283)
Week's Range
Interest
Exchange
Stock
FOR
CHRONICLE
50 Broad Si., New York 4, N. Y.
Telephone HAnover 2-0050
Teletype NY 1-971
27
41
27
THE COMMERCIAL & FINANCIAL CHRONICLE
(284)
YORK
NEW
RANGE
Stock Exchange
Last
(State)
Paulo
1936
8s__
:
Low
53
J-J
♦57
50
__
A7s extl
52
J -J
1956
loan
water
Stamped pursuant to Plan A
(Int reduced to 2.25%)
M-S
2004
ARef
S A Secured
f
s
56%
—
56%
♦42
43%
43%
53
53
60
Stamped pursuant to Plan A
(Int reduced to 3.5% )_„
49
49
A-0
91
91%
11
'
•7
8
6%
10%
M-N
*6
7%
7
10%
(Prov of)
A4%s assented
extl
1958
7s
Sydney County Council 3Vis
A
Uruguay (Republic) extl 8s
sink
A External
fund
sink
3%-4-4Vis
External
J-D
*111/2
13
J-J
F -A
♦96
98%
•130
M-N
•130
M-N
•130
1957
-1946
6s
fund
1960
j
1964
6s
bonds of
($
J-D
1937)
1979
conv_.
4-4'A-4Vis extl readjustment
3 Vis extl readjustment
A Warsaw
(City)
M-N
J-D
1978
1984
J-J
F- A
•13
1958
F-A
Alabama
Power
1948
M-a
1967
M-N
—
J-J
__
1st
_
mtge 3Vis_—_1972
Albany fe Susquehanna RR 4Vis—1975
A-O
—
Alleghany & Western 1st gtd
Allis-Chalmers Mfg 2s debs_
4s„1998
A-O
—
1956
MS
Amer
&
Foreign Pow deb 5s
2030
100%
102
1st
&
90
1st
&
ref mtge
18
21%
1st
&
ref mtge
2%s
COMPANIES
100%
101A
8
104
104%
1
106%
108%
debentures
conv
2%s
_1956
debentures
1980
2%s
debentures
2%s
debentures—
1975
•ioi39a
—
10414 104 Vi
107
107
*—
107 Vi
*91
93
100% 100%
106 Vi 106%
_1986
299
115% 117%
351
100
87
MS
115%
F-A
100%
100% 101
100%
101%
52
101%
106
85
101% 101%
108%
2%s
2%s
Anglo-Chilean
1st
Atchison
Nitrate
687
100% 100%
33
102
102
102%
59
102
104% 104%
32
104
105%
105%
105% 105%
60
104%
106%
J-D
A-O
A-O
deb
_1967
102%
97%
100
A-O
A-O
1995
July 1
Nov
_July
1995
96
128
119%
106
107
104%
107%
General unified 4Vis A
Atlantic & Danville Ry 1st
Second
Atlantic
mortgage
1964
Refining 2%s debs_T
J-J
J-J
1966
4s__
6
108% 103%
J-D
1948
1948
4si
f—f'
106%
J-J
36
'
,
104%
2
38 %
H
35
27
109%
28
AGen
inc mtge
i
30%
».
102%
103%
Milw
mtge 5%
Fixed
at
A4Vi%
97%
95
97
99
29
May
49
49
51
389
1950
J-J
88
A-O
101
(interest
-
4%)
July 1 1948
_Feb
S'western
Div 1st mtge
(gixed int at 3%%)
1
1960
86%
35
70
89
Ref & gen mtge 5% (2% fixed
and 3% contingent interest)—
Series
G_^
Series
K
Series
and
1st
4s
mtge
Series
M-S
(2%%
ser
12
112%
114%
113% 113%
4
112%
98%
115%
34
.9.7%
.13
94%
100 V*
43%
356
1970
2nd
1st
mtge
Pac
Beech
Bell
Creek
63%
1st
1st mtge 4%s
lABoston
L
3Vis
1st
1st
mtge
mtge
3Vis
2%s
1975
J-D
1993
J-D
General
73%
General
63
65
29
52
73%
Ref
&
Wab
gold 4s__
5s series B
impt
4Vis series E—1977
1st 4s
1991
Mich Div
&
1st coll tr gold 4s__—_1990
Cleveland Elec
,—1970
Ilium 3s
J-J
92%
93%
13
92
Short Line
1948
1950
1st gtd 4%s
1961
Co— "
1st
1st
100
M-N
1970
J-J
1967
1955
mtge 5%s series A—
mtge 5s series B
1st mtge
127%
127
99%
M-N
127
3
Colorado
4Vis
102% 102%
M-N
102% 102%
6
M-S
100
101%
25
102%
101%
103%
103%
1961
M-N
1955
104
96%
96%
84%
7
81
91%
51,
51%
25
42
66
35%
38
94
*—
51
F-A
1950
100 %
—
84%
J-J
July 1970
1st 4s
*100%
A-O
1960
;
98%, 100%
100
F-A
27%
9
44
♦106
1969
M-S
106
106
106
"4
106
107%
1976
j-j
102
102
102%
32
100%
103%
_1972
_____—1973
,—1977.
(stamped
M-N
103% 103%,
debs—1971
Columbus & H V 1st extl gold 4s—1948
Columbus,Sou Ohio El 3%s—1970
Columhus & Tol 1st extl 4s__
,_1955
Commonwealth Edison Co—;
i
1st mtge 3s series L
1977
Conn Ry & L 1st & ref 4%S——1951
f 3%s A——1961
Consolidated Cigar Corp 3%s—1965
Consolidated Edison of New York—
3Vis debentures^--'—J.—_1953
1st & ref mtge 2%s ser A__——1982
1st & ref mtge 2%s ser C
_1972
1st & ref mtge 2%s ser B——i-1977
}AConsol Ry non^conv deb 4s_—1954
River
Conn
Pwr
s
3
102% 104
4s____:——i-1955
A Debenture
4s__■
-—.——1956
Consumers Power 1st mtge 2%S—1975
Continental Baking 3s debs—1965
ADebenture
M-N
65%
65%
67%
55%
13
*
,r
72
*
,«
A-O
1955
-I960
J-J
A-O
•26
A-O
1st 3s
•100
35%
-
94
—
-.J.
101%
.»>
103%
95
91
97
*105% 106
105
106
1976
J-D
*105%
1974
M-N
1962
A-O
*104%
106
107%
Crucible
Steel
1st mtge 3 %s
JACuba Northern Ry
A Deposit receipts
ACuba RR 1st 5s gold
A
Deposit
receipts
——1966
1st 5%sj.—1942
—-
—1952
—
——
deposit rets—A——1946
deposit rets
——,.1946
104%
—
u
1957
J-J
118
118%
15
B
118
120%
110% 110%
6
110%
113%
Deere
111% 111%
3
114%
Delaware &
Guaranteed
111%
gold
4%s
1955
J-J
116%
4Vis
119%
gold
1956
A-O
116% 116%
*115% 116%
2
Guaranteed
Guaranteed
115%
119%
gold
4%s__
1951
F-A
Clinchfield & Ohio 4s
109% 109%
102%
99
M-S
108% 108%
1981 '
3s debs
F-A
*—
..1965
A-O
i960
F-A
A Cent
1948
J-D
31.
94%
108
112%
107
110
Morris
Coll
*
Celotex Corp 3%s debs
lrt gold 4s
109%
2
1965
2%s debs
.1963
Hudson 4s extendedDelaware, Lack & West RR Co—
N Y Lack & Western div
1973
1st & ref M 5s ser C
—
.1993
AIncome mtge due
65%
104% 104%
*104
•65%
104%
75
& Co
-
7
80
Carthage & Adirondack Ry—
gtd 4s
__
102%
,63%
10
98%
65%
82%
95
7
12
«.*
A-O
103
A-O
107%
107% 107%
Q9
108%
—•
103
80%
64V*
12
70
95
Qfi
109%
102%
104
100%
_2
io"a%
5
105%
109
A-O
105% 105%
3
104%
107%
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104% 105 V*
43
102% 106%
78
103%
105%
103 Va
106
81
& Essex
tr
.division
4-6s—-—
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•102%
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J-J
106..
F-A
103%
109%
110%
6
—
—
108%
109%
mm
108 V*
108%
1
105%
108
—
102%
103%
9
~
106
♦103% 104%
A-O
106%
—
108% 108%
108%
F-A
63%
105 V*
102%
►113%
F-A
44%
26
__
109 7/a 110%
109 7/a
M-S
26
52
105% 105%
105%
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102%
104%
102% 103%
103%
38
103 % 103%
M-S
J-J
10
103 % 103%
J-J
63
103'/a
103 Va
53
100%
100%
100% 100%
A-O
102% 103%
J-J
39%
42
19
30
43
J-J
40
40%
6
34
42%
39
41
8
33%
41%
6
104 Va
106%
5
102
104
-
J-J
105% 105%
105%
M-S
102% 102 V*
J-J
99%
M-N
♦51
JD
99%
53-
.
2
mm
98% 101%
53
63%
39
52%
76%
42
86 Va
40%
42
*79 Va
81
34 Va
35
42
39%
39%
40
2
39
46
40
40
40
5
40
45%
6
103
104%
104
105
93
98
41
J-J
J-D
J-D
Power
A-O
104% 104%
104 %
*103%
J-D
32
44%
104
97%
98
59
80
80
1
77
90
49
98
M-N
M-N
49
5
42%
58%
83%
59%
65
49
62%
*108% 108%
65
108
109%
84%
70
57%
59 %
A-O
J-J
—
2
104
A-O
M-N
2042
.1973
& Light 3s
Denver & Rio Grande West RR—'
1st mtge ser A (3% fixed
1993
1% contingent int)
Delaware
*
61
50
50
M-N
M-S
D
.1975
Lt 1st mtge 2%s— ,1965
Dayton Union Ry 3%s series B_A
.1965
J-J
F-A
88
92
82
69%
103
107
113
J-D
perpetual
99
81
92%
78%
F-A
106
106%
106 Va
__
ser
Dayton Pr &
Oct
page
~6
106
109
M-N
105 Va
97%
-mm
83
113%
102%
•
108% 109
M-N
105%
112
76%
70
J-J
J-J
Ry—
modified)———1980
& Elec 3 Vis
Columbia-Gas
'
1952
,
4%s series C
& Southern
1970
see
J-J
79
103%
mm
92'/a
*__
34%
60
25
98
82%
76%
34%
24%
129
98% 100%
15
99% 100
1969
footnotes
lk%
6
104% 104%
—1993
74
51%
5s
For
107%
mm
J-D
98%
cons
U P
108 V*
105%
mm
79
*__
5s
Corp
106%
104%
9
*104
gold
gold
Branch
103
24
*25Va
1961
85
"4
• oe;
75%
93%
107%
106
106%
♦112
Guaranteed
Celanese
76%
J-D
91%
.
1st mtge
2
F-A
13
gtd 5s A
Canadian National Ry—
Guaranteed gold 4%s
Carolina
80
F-A
94
1976
stk
80%
1969
—1974
1
100
11
*25
A-O
G
27%
105
97
7
82
.106% 107
75%
M-N
93
Power 3%s
deb
12%
98%
103% 103%
105%
A-O
ser
57%
101%
105
106%
A-O
SAChoctaw Okia «Si Gulf cons 5s„1952
mtge gtd 3%s series E
53%
42%
105%
*106
M-S
1st
79 V*
39
78
78
J-J
1943
A6s
4%
78 Vi
2
78
98%
J-J
J-J
4%s series D
ref
84%
81
,98%
J-D
1
1962
&
77
66%
112
J-D
_1952
A7%s ser A
Ry
17%
*102
J-D
:
*
Pac
84%
i,^_1963
1963
G
ser
J-J
Bush Term Bldgs 5s gtd—
Can
77
81
J-J
gtd
Bush Terminal 1st 4s
Guaranteed
68%
mm
J-J
gtd
1934
Power
59
25
77
J-J
_1994
series F
3Vis
.
Elec
101%
Chicago Union Station—
3%s
JAlst & Coll 5s—
Southern
83%
99%
70
*99% 100%
—
.'1
1994
M
C
Stamped
modified ^( interest
at
3% .to May 1 1947) due
1957
tBurlington Cedar Rap & Nor—
Canada
71%
61%
F-A
.—1951
2%-4%s
2%-4%s___
ref
&
54
t
Calif Oregon
64%
82
70
J-J
1951
D
!
-
88%
49
& S'eastern Ry—
Chic Terre Haute
Series
Buffalo Niagara El 1st mtge 2%s__1973
Buffalo Rochester & Pgh Ry—
,
California
Apr
Chicago St L & New Orleans 5s_—1951
,
5s_
69
51
478
Series
Bklyn Union El 1st gold 5s____
Bklyn. Union Gas 4s debentures
Gen mtge 2%s—
Consolidated
32
59%
Cleveland & Pittsburgh RR—
1961
105%
11
77%
57%
57%
19
96
A
Air
104%
105% 105%
75
Apr
17%
97
3%s
45%
99
75
105%
Apr
M-N
79
series JJ
N Y
&
J-J
—i960
gold 4 % S——
84%
J
ser
32
87
474
117
84%
66%
50
2
35
98%
51%
57%
2
series RR
ARic mtge 4Vis
56%
40%
*91%
—
79
92
series II—
1st mtge 4s
40 V*
J-J
50%
'59
Maine RR—
5s
56
38
56%
J-J
56
91%
mtge 5s series AC
1st mtge
56%
79
J-J
Corp—
2%s ser I
ser
45
51%
20
Steel
mtge 2%s
12
57%
18
A-O
Cons
51
M-S
A-O
Boston &
88
A-O
75%
1951
mtge
87
80
51
J-J
4%s_ljan 11999
deposit—
95%
Telephone of Pa 5s series C—1960
Cons
86%
19
140
129
1952
of
74
Beneficial Indus Loan 2Vis debs
Bethlehem
T1
.
RR—
gold 4 s
4Vis series A
93
93%
88 Va
82
130
»86%
J-J
Cleveland Union Terminals
1st
79%
54
80
.
1934
A Certificates
St L Div
74
43%
25
49%
130
J-J
35
130
82,
M-N
25% partial redemption
1_____*_1927
JChicago Rock Isld & Pacific Ry— AGeneral 4s
L_
1988
—
J-D
104
t§AChicago Railways 1st 5s stpd
______1951
Extension
43%
AT-N
1989
1959
■
113% 113%
,.97%
J-J
Jan 1 2044
Inc
conv
M-N
—
4s
stamped
F-A
Jan 12038
mtge 3s ser B
Cleve
4s
113%
Chicago & North Western Ry—
65
Bangor & Aroostook RR—
ref
124
1994
60
Toledo Cinn div ref 4s A
Con
124
102% 102%
B
1951
A
*122
F-A
A
ser
inc
65
fixed
due Dec 1 1995
series
J-J
F-A
1
&
1980
J
4s
132
conv
63%
Pgh Lake Erie & West Va
Ref
107%
107
126 Va
mtge 4%s Inc ser A__Jan 1 2019
64
63%
M-3
contingent interest)
105% 105%
128%
104%
*126
4Vis
Cin
J-D
due Mar 1 1996
M
3%%
104%
Cleve Cin Chic & St Louis Ry—
due Dec 1 1995
due Mar 1 200o
Ref & gen mtge 6%
137
4
137
J-J
4%s
Paul
St
1st mtge 2%s
59
22
89
143%
2
11
137
City Investing Co 4s debs
101
5%
86%
104%
.104% 105%
105%,
F-4
City Ice & Fuel 2%s debs__—1966
A-O
51%
102%
1977
Cine Gas & Elec
bonds
convertible
J_
M-N
1st" mtge 2%s
Cincinnati Union Terminal—
86%
25
95
July 1 1948
107
39
103% 103%
M-S
§ADebentures 5s part paid-——1957
4s„
103%
mm
48
J-J
Gen
1st
1st
J-J
SfAChilds Co deb 5s part paid.
B
mtge
♦104% 106
*42%
JChicago Ind & Louisville Ry—
A 1st mtge 4s inc Ser A
.—1983
A 2d mtge 4 Vis inc ser A
2003
Chicago Ind & Sou 50-year 4s_—_1956
1st
*102% 103
Baltimore & Ohio RR—
Stamped modified
F-A
.
•
Income
41
19
10
30
105%
1959
1
B
Chic & West'n Indiana conv 4s
1st
103%
38
108
1989
Memphis Div 1st'gold 4s__'
-
M-S
27%
106
,
Gold
Atlanta
106% 106%
36%
24%
103% 103%
118
112%
114
114
M-N
40
24
13
1
103%
41
24%
a-'**
_.106% 106%
£ -A
_
86
„
25%
.
.
.——1985
4%s -series
ref
A Conv
132
116%
63
M-N
1
30
*24
A-O
Chicago & Eastern 111 RR—
/
AGen mtge inc c6nv 5s
_1997
1st mtge 3.%s ser B
J
_1985
Chicago & Erie 1st gold 5s_______11982
Chicago Gt West 1st 4s series A
1988
95 %
96
*114
& Charlotte Air Line Ry—
1st mortgage 33/4S__
—1963
Atlantic Coast 1st cons 4s
July 1952
1
'*
85'A
128% 129%
129
29
j-J
65
19
§ASecured
90%
97 %
& Santa Fe—
4s
Adjustment gold 4s
Stamped 4s
99
§ A Refunding
*
*95
Q-J
1966
/
5s
99% 101%
♦99%
Jan
1995
I995
Co
Topeka
General
119%
110%
112 Vi 114 %
100%
1969
gold 4s
A P W Products
100%
97
113 Vi
__1962
debentures—
Ann Arbor
103%
1987
debentures
Amer Tobacco Co deb 3s
A
133%
99% 103%
100%
J-D
1961
:
debentures
3s
109%
198A-O
2%sconv debentures—;
71
33%
Chicago Burlington & Quincy RR—
Chic
59
98
98%
J-J
34%
32%
^
5
MS
A-O
33%
32%
109 V*
104
33%
71%
109%
108
71%
71%
66%
27
20
5
•» —
J-J
1974
General 4s
17%
12
22%
J-J
_1974
gold 4s
3Vis
1? %
22%
42%
_1989
100
American Telephone & Telegraph Co.—
3s
3s_.
gold 4s
96%
"
106%
106 %
—
consol
cons
94%
RAILROAD AND INDUSTRIAL
Adams Express coll tr gold 4s
Alabama Great Southern 3 Vis
.2d
10O
1st
A Div
93
•12'/a
17%
59%
1961
(partial redemption)—1942
Champion Paper & Fibre deb 3s
1965
Chesapeake & Ohio Ry—
General gold 4%s
1992
Ref & impt mtge 3%s D_
_1996
Ref & impt M 3 Vis series E
1996
2
L_
17%
8
A
84%
1958
external 7s
A4Vis assented—
130
series
ref
_5
•84
67 Va
8
97
*109%
_1987
1st ref gtd gold 4s_1949
981/2
981/2
F-A
39
65
14%
*55
1987
Power
92
95
93
54
14%
13
A-O
1987
York
93 Vi
♦92
57%
13%
No.
_1987
4s
96
93%
92
931/a
102%
54%
stamp
R &
M-N
1979
1978
readjustment
101%
130
—
External conversion
3%-4Va-4^,s extl
20%
K>
98%
79
J-J
1966
registered
New
&
5s
26
21
1958
ASilesia
A 4s
1st
M-N
1962
*14
38
13
J-D
.—1946
Light 3%s_
'. (4%%
to Aug 1 1949)
JACentral RR & Banking Co
1962
extl
sec
High
97%
57,
A-O
gold 4s__1951
Central Pacific
external
A8s secured
A7s series B
Low
95
A-O
1959
80%
65%
80Vi
*78 Vi
Serbs Croats & Slovenes (Kingdom)—
AExternal
55
91%
Central
A-O
1978
Illinois
AGeneral
47%
85
4
A-O
1940
January 1
Sold
High
.
M-N
1959
lACent New Eng 1st gtd 4s
1A Central of N J gen gold 5s
A5s registered
59
*50
J-J
Range Since
Boitds
Bid & Asked
F-A
_1945
5Vis series B
series C
gen
SAMobile Div 1st gold 5s
Central
2012
7s
&
AChatt Div pur money
65
"
Stamped pursuant to Plan A
(Int reduced to 2% )
§ AConsol gold 5?
67
48
52.
*46
J-J
—1968
A6s extl dollar loan
—Nov 1945
:
ARef & gen 5s
1999
2.5%)
reduced
Sale Price
Low
64%
57
53
Week's Range
or Friday's
Last
Period
tCentral of Georgia Ry—
68
§ A 1st mtge 5s
J-J
Interest
Stock Exchange
High
58%
—
Stamped pursuant to Plan A
(Int
BONDS
New York
January 1
No.
High
•57
J-J
1999
1950
2.5%)
reduced
(Int
18
Range Since
Sold
Bid & Asked
Stamped pursuant to Plan A
A8s external
JULY
Friday
Bonds
Friday's
or
Sale Price
Low
lASan
RECORD
ENDING
Week's Range
Friday
Interest
Period
BONDS
York
New
,
BOND
WEEK
FOR
Monday, July 21, 1947
,
83%
81%
89%
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4613
Volume 166
RANGE
Period
Stock Exchange
York
Last
or
Sale Price
1%
„
2018
(3%
mtge
No.
48 Vi
50 %
46
73 Vi
73 Va
3
1993
105% 105%
22
105%
108%
108% 108%
2
106 y4
109
109%
j.j
105 7/a
A-0
M-S
series F_—:
4s
ref
Detroit & Mackinac 1st lien"
ASecond
Detroit
gold. 4s 1995
1995
gold 4s
Term
Tunnel
&
1961
4 Vis
1961
5s__1937
11
107%
2
62%
debs
2.35s
& Atl-gold
Shore
Light
3 Vis
M
1st
1965
ioo %
35%
7
30%
40
103 %
Lake Sh & Mich Sou gold
36
3/2s
107%
1956
118 Va 118%
M-N
J-J
3
118%
MS
*105% 106%
El Paso & S'western 1st
5s
5s
1965
J- J
109
A-0
2015
1964
1990
2000
1953
1971
110
A-O
i.
stamped,;
1965
Nitrate
105
*106% 115
1st
106%
104%
"io
110
inc
69
68%
112%
A-0
1st
29
69%
*__
59%
99%
3
88%
j-j
88%
88%
2
87
94
MS
*99
99%
105
J-D
1974
MS
series A
5s
of
deposit
'
■'
i
Francisco Sugar coll trust 6s
1956
sink fund
4s
-
^Gas & Elec of Berg Co cons 5s
1949
General Realty & Utilities Corp—
Af-N
104%
17
58
59
104%
ioo y4
M~N
*103
j-d
50
106
Grays Point Term 1st gtd 5s
Great Northern Ry Co—
1947
J-D
1952
J-J
115
1973
J-J
*130 '
1976
J-J
*__
General
5s
1st
series B„
series
C
General 4Vis series D
Gen
mtge 3 Vis ser N_:
1990
mtge 3 Va s ser O
2000
mtge 2%s ser P—__
85
103%
77
3
io2V8
1974
115
131%
103
|.
1
125
103%
100%
23
104%
.t
104%
94%
98%
87
91-
—,,1961
J-J
97%
97%
11
97
West deb ctfs A
Feb
ctfs
B__
•63%
Feb
1959
1975
8%
—
A-0
J-J
,
„
„
B
ser
2015
8%
5
65
7%
•101% 102%
f
101%
*101 Vi 103%
A-0
„
J
__
—,—2044
,—1976
73i/a
-
-
1
'•__
57%
Af-N
731/a
101
11
'
57%
49%
5s
Finance Corp 2%s
—1970
1st s f 5s series A_„1962
Hudson Coal
Hudson Co Gas 1st gold 5s_,•
Manhattan
stamped
,—1949
2%s series A
86%
—1951
1963
52 %
72%
&
&• Elec
f
4
138
75
M-N
85%
"i
108%
87
100%
44
108% 108'%
79
5
M
3%s
series
& coll 4s
108
101
;"48%
,
33
13%
.
102%
102
si Sag
—2003
Af-S
1955
Af-N
I960
j-d
1954
J-D 1
-
3Vis
;i
1st
ext
,_i990
A 1st
——
Af-N
106
106
A-O
'
..
F-A
•102%
29%
28%
M-S
34
29%
105%
106 Va
102 Va
21
29%
•100%
'
J-J
•
•103/2
,
84
84
ms
>*
II
25
85%
102%
80
8
109%
—
109 % 110
*45 %
—
49%
43%
J-J
103%
95
111
57%
91%
3
90
52%
52
53 %
28
43
58%
J-D
84%
84%
85%
30
69%
05%
75
96
80%
82
20
65%
67%
12
♦72
J-J
61
85%
69%
74
27%
29
156
29%
76 y8
75%
76%
172
M-N
75%
75%
76%
31
23%
193
ref
86%
Af-N
21
21
gold 5s series H
39%
85
84%
15%
32
—1949
1980
A-O
75%
76'%
12
63
84%
F-A
75%
76%
72
62%
85
M-S
Monongahela Ry 3y4s series B
(John) & Co 3s debs
M-N
Morrell
18%
62%
63
1981
ref 5s series I
Moh'k & Malone 1st gtd gold
.
97
91%
J-J
;
Af-8
4s_„1991
1966
,1958
gtd 3 Vis
—2000
99
9
98%
96%
98
23
89
102
102
60
68 Va
105%
—
102
1
78
106
101% 103%
J-D
61
60%
61%
53%
63
M-N
72
72
74
16
65
74
M-N
67
66%
67
30
59
68
i)f-S
99%
99%
10
M-N
'100%
105
38
100%
98%
68J/a
*105%
F-A
102
M-N
98
105
F- A
81
105
80%
J-D
*107
1
83%
123
107%
100'/2
99%
99%
98
*96y8 100
96
97
F-A
*102
-
t
1
4
99
t
«
103%
93
92%
94%
67
81%
98%
N
J-D
87
87
88%
51
73
92%
New
J-D
80 %
80 %
J-D
70
*-"-
■
99%
101%
97%
97%
International Great Northern RR—
,1952
July 1952
—1956
54
55
17
43
104/4
105
106%
100
101
104%
106 Va
19%
19%
56
14%
30.
47%
48%
15
40 y8
48%
50
25
42
100% 101
69
97,%
J-J
A-0
101
M-N
'100% 102%
1st
Corp
mtge
3s—1965
—
71
71
"2
—1945
,1952
J-J
70
71/4
17
Tel & Tel 5s A
4%s series B———1961
Junction RR gtd 1st 4s
1986
Jersey Power & Light 3s
1974
gtd
Great Nor 5s A
1983
J-D
106% 107
Af-N
122% 123%
*„
F-A
Af-S
J-J
4%s series A
11952
J-J
♦104%
J-J
1953
New Orl Texas &
Alst
105
4%s
5%s
James Frankl & Clear 1st 4s
1959
J-D
Jersey Central Pow
1976
Af-S
1961
83%
104
J-J
104
86%
104
103% 103%
Cons
24
:6
3
77 Va
93
102%
104 y4
4s
of
1950
deposit,
series A—
of
series
impt 4%s
&
impt 5s
a-6
Kansas City Southern Ry 1st 3s
1st mtge 4s ser A
*101
J-D
1950
A-0
A-0
*104%
A-O
1975
Kansas City Terminal Ry 23/4s—1974
100
104%
105%
-1041/8
31
104
104 y2
103 V4 103%
35
101%
105
103%
105%
104
103%
105
*,_
__
105 y4
3%s
1954
78%
106%
88
6
97
24
80
97
95%
15
83%
95%
81'/a
94
95%
78%
87
95%
95%
~2
83
F-A
95
95%
30
79
95%
30
8~6
101%
2
*90
a"o
100
100%
94%
98%
101%
99
86
99
61%
81%
72%
73%
50
75%
76%
269
64%
82%
84
85
90
72%
92/4
J-J
92
93
25
86
98
J-J
88
88
1
84
94
f-a
69
69%
26
67
f-a
72%
2013
2013
a-o
75%
a-0
84 V*
,
& Hudson River RR—'
,1998
,-1998
Mich Cent coll gqld 3yaS—
_1998
3'/as registered!
1
1998
New. York Chicago & St Louis—
J
Ref mtge 3%s ser E
1980
1st mtge 3s ser F
1986
2
101
*95
9E'%
1997
1997
16
VS.
1998
series A
C
series
registered
Lake Shore coll gold 3y2s„
•'
3V2s registered,
<—:
K
Kanawha & Mich 1st gtd gold 48—1990
Kansas City Power & Light 2%s
1976
'
105
95%
deposit
General mtge 3VaS
'
109
101
104% 106
—
—:—
A
&
Ref
N Y> Central
—
87
Central RR Co—
Ref
102% 105%
—
95
A-O
of
series D
ACertificates
York
81%
88
Mexico—Continued
ACertificates
Alst
123%
87
A-0
*
New
8
88
'
99%
9
84
109 %
124 Va
108
104
102 /4 103
102%
deposit——1—
of
j—I
.—1954
deposit——i—
Alst 5s series C_
1950
A Certificates of
deposit—
-—
'
110
65
106%
*108
♦103
•
65%
& Northeastern RR—
ACertificates
59y2
106
102/a
♦104%
Alst 5s series B
59%
*„
m-n
98
J-J
{New Orleans Texas & Mexico Ry—
{ANon-cum inc 5s series A
1935
65%
19'/a
J-J
1944
103/4
27
New Orleans Term 1st gtd 4s
98
55
A-O
1956
1972
19
105/2 106/4
A Certificates
J-J
69%
103% 103%
105%
j-d
New Orleans
101 Va
97%
103%
A-0
England RR gtd 5s__—1945
New Orleans
85%
98%
J
*97%
J-D
New England
,.101%
J-D
2
100%
1986
t AConsol gtd 4s
1st
11
101%
Products. 2%s debs_1970
{ANaugatuck RR 1st gold 4s
1954
Consol Gas cons 5s——1948
-
80'/a
99%
100%
—
F-A
Newark
§t ANew
101%
Steel
National
100
__
105
A
mtge 3s ser B
1st
National Dairy
99
*100
Series
N
'
97%
97
J-J
5s
4%s series B
Nashville Chattanooga & St Louis—
100
*98
J-J
M
M
84%.
108%
100 Va
*96%
J-J
1st
Essex
&
Constr
Constr
71
67.%
109.
,1986
—*
Af-S
gold 5%s ser A_,
Ref & Imp
31.
10
106
1975
99
♦100% 103
page
103%
02 Va
100%
J-J
see
103
101
mmm
85
101%
^1950
footnotes
93
85
J-D
62%
93%
Indianapolis Union Ry Co-—
Ref & Imp 2Vis ser C
For
77%
102
53
93%
Indiana 111 & Iowa 1st gold 4s
Laughlin Steel 3 Vis
83%
76%
13
99% 100
27/8s
98%
5
75%
18
J-J
& St
1
86
72%
75%
99% 100
1970
&
98 %
103 %
112%
J- A
98% 100
Ry 4s ser A
Jones
66 Va
100
85
'
85
1977
&
1963
Rys Cent Amer 1st 5s B
1
100
72%
•
series G—1,1978
4s
& ref 5s series F_
&
_1963
A 1st gold 5s series C__,_.
§AInternat Hydro-Elec deb 6s
111%
1965
& ref 5s series A
A 1st & ref 5s
,—1963
series B
9
48
J-J
*100
Adjustment 6s series A
96
80
M-N
1951
A.
94
2
71/4
A-0
Registered
Illinois Terminal
8
97/4
69%
1955
—1955
Mountain States'Tel & Tel 2%s—1986
Mutual Fuel Gas 1st gtd 5s
1947
3Vis—,1951
C
108%
96%
69%
Morris
3s——1951
series A__
107%
104%
A-O
series A—Jan 1967
adjust 5s
101%
,1951
series
105%
3
112% 112%
'•
81
101%
71
F-A
4s ser D,
—
67%
100
1951
Chic St L & N O-^-
106
97%
J-J
B_—
101%
M-N
gold 4s
104
104
96 /4
J-J
series
*101% 105
J-J
1st
5
112 Va 115%
RR—
5s series A,,,,,,,
4s
♦101%
J-J
gold
1
Af-N
,
4Vis inc ser A,_Jan i971
Jan 1991
A-0
3s—?.——1951
1st
113
-
1940
5s
J-J
1950
3Vis
101%
106% 106%
__
M-N
1951
—1952,
197*
Af-S
Louisville Div & Term gold 3%s_1953
5s
A-0
—1980
B
ser
of N J
; AGeneral
105
———,,,1966
1st gold
4
♦105% 106%
106%
1962
A 1st
105%
*103%,,
—1955
5s
4%s
104
102
{Missouri Pacific RR Co—
23%
J-J
Omaha Div 1st gold 3s
St Louis Div & Term gold
A 1st
A-0
(Southern Lines) 4s_„1959
1st mtge 3s__.
19601
mtge
ACum
63%
17%
J-J
,1953
Bridge gold 4s_,
A 1st 6s series
M-S
1952
trust gold 4s
101%
101 /a
105% 106
1962
Prior lien 4%s series D_„__—1978
109%
56%
103% 104
118
101%
5
113
106
1966
F
Sugar 4s sink fund__Feb 11957
Corp
1st
87
17%
103%
118
"i
102
Nashville RR—
ref
40-year
102 y4
55%
17%
116
102
A-O
89 Va
101% 101%
80
113%
Minn St Paul & Sault Ste Marie—
140%
857/a
52%
128 Ya
102
■
{§ AMidland
102%
75
~4
■
.„2003
3/as_,
43
127%
__
113% 113%
Af-N
?
•
100%
138%
33%
40
101% 101%
A-0
1955
5s
45%
102
F-A
1952
.
4s
4Vis
39%
31
Af-S
1951
trust gold 4s
ref
27
86
♦118
Af-S
1951
Purchased lines 3Vis
ref
40
39%
f
1981
;
1st
34%
38%
113%
1st gold 3%s
Ref & impt 4Vis series C
Michigan Cons Gas 1st mtge 3%s_1969
!
101%
1951
_—_1951
&
42%
34%
♦127%
A-0
1949
i_—
debentures
Jack Lans
♦
138
A-0
Extended 1st gold 3 Vis
1st gold 3s sterling
1st
28 Va
Af-S
Metropolitan Edison 1st mtge 2%s_1974
Wat Sew & Drain 5%'s—1950
t§AMet West Side El (Chic) 4s__l938
^chigan Central*—
«■
t -
104%
6
F-A
gold 4s
1st gold 3Vis
1st ref mtge
166
A-O
1949
Atl Knox & Cine Div ^s
9
100% 101
J-J
Feb 1957
1st
Joint
82
35%
♦35%
'Metrop
'
iooy4 101%
9
Illinois Central RR—
111 Cent and
66 Va
38%
Af-N
.—1962
Co deb 5s—
(P)
AConv
Lines
36
34%
,2003
1949
A 1st
Western
71
34%
—2003
ref gold 4s__
A 1st
Springfield Div
76
69%
2003
Missouri-Kansas Texas
100%
J-D
1st 5s A——1957
AdJ income 5s
Gold
87
58
J-J
AManila RR
i
105%
71
72
M-N
Ry cons gold
Litchfield Div
82
9
M-N
Prior lien
1937
40-year
"2
68
67
Mead
!
99 Vi
"100%
100% 101 i/a
101%
J-J
Refunding
83/a
74
-
—
J-J
.1969
:
1999
Cairo
82 Va
65%
;
67%
72%
Manati
j
99
62
■
■
.
Ohio RR
Hocking Valley Ry 1st 4 Vis
Collateral
»/a
M
H
Refunding
87
82
83/a
--
F-A
Af-N '
Maine Central RR 4Vis ser A
v
•101% 102
98
Af-S
Collateral
84
87
83
15
71
1st mtge
98%
Illinois Bell Telep
84%
72
129
15
Hackensack Water 1st mtge 2s/aS__1976
Int
*81
'
AGen mtge 4s inc ser A.
Mo Kansas & Texas 1st 4s_,
&
84%
'
i
133 y4
131
'«*■»-
126
12
Gulf States Util 1st M 2%s
A
I,
101%
98
mtge inc 5s series A—*
Hudson
101/a
83%
F-A
—1954
1st & ref M 2%s ser G
St Louis Div 2d gold 3s
117%
.89%
{§ AHousatonlc
101%
99%
A-0
4s
115
1
89
1st & ref 3%s series D—
Household
100%
—
39
103 y8
98
1st & ref 4s series B
.
•99/2
*99% 100%
—1974
modified
Guaranteed
101 Vi
—
J-J
inc 4s
101%
31
,
2Vis ser R
Gen mtge
88
98%
44%
85
J-J
Mobile &
99%
75%
14
43%
105%
.,2010
Greyhound Corp 3s debs——
Gen
12
102% 102%
*
Gulf
103%
44%
Lorillard
—1982
Debentures
82%
*98% 100
-
—
Long Island unified 4s,
106
2%s ser Q
AGreen Bay &
81
-
...
72 %
105%
85
*101 %
J-J
Gen
85
J-J
Gen
Gen mtge
Gen mtge
99 Va
Af-N
65 ya
104%
105% 105%
Af-N
5Vis
3%
96 %
9
97
.,-2003
1st
2%s_1965
Co
General
2
Little Miami gen 4s series A
103 y4
125
56
mtge
debs
(B F)
105%
Lehigh Valley Terminal Ry ext 5s_1951
Lexington & Eastern Ry 1st 5s_.—1965
1951
Liggett & Myers Tobacco 5s
105%
5
102% 103 y4
58%
M-S
Goodrich
2%
f-a
registered
4/2s
104% 104%
1969
A
82%
F-A
5s
registered
stamped modified
Louisville &
,
1954
„
sink fund 5s
ref
Louisville Gas
inc
187
104
101% 101%
*95%
A-0
stamped modified
3s
conv
102 ya
180
II
105%
t
'
stamped,,
4%s
•
,—
A4s
112%
Co—
—1954
stamped-
&
4s
iooy4
105%
99%
M-S
,1959
ref
*2
Lehigh Valley RR—
94 %
{Florida East Coast 1st 4Vis
&
*105,
101%
Deo
Lehigh Valley Ry Co NY 4/as ext-1950
102%
100%
91
1961
A
J-D
68 /a
108
112%
__
102%
,,
1975
—
Leh Val Harbor Term gtd 5s
81
91
Firestone Tire & Rub 3s deb
1
ms
—1970
& Navigation
5s stamped
ACertificates
59
107
__
Ltd—
income reg—;
ref
&
5s
105 y2113
J-J
'•••
A 1st
57%
High
123%
-
4Vis series A
1st cons mtge 3 Vis ser E
1st cons mtge 3%s ser F
1st cons mtge 3 Vis ser G
1st cons mtge 2s ser H
Ohio Div 1st mtge 3 Vis
mtge
112/8
*184%
__
'V,
Railroad Co—
Gen
'
A-0
J-D
Co
stamped
5s
Erie
*
II
A-0
1997
3VaS_
Lehigh Valley Coal Co—
1st & ref sink fund 5s_.
121
*155ya
cons
*107%
J-J
1959
mtge 3/aS ser A__
5s
gold 5s__—1995
Elgin Jolie't & East Ry 3Vis.;,
—1970
1st
—
registered
Lautaro
S F
(NY)
—
J-J
Low
122
L
ioi y#
Lehigh Coal
East Tenn Va & Ga Div 1st 5s
*53
,,
J-J
1961
,1961
1997
1964
.
unguaranteed
Kings County El L & P 6s
Koppers Co 1st mtge 3s
{AKreuger 81 Toll 5s ctfs
Alst mtge
Ed El 111
1
1961
L
4Vis
Range Since
January I
High
122 Vi 122%
,,
J-J
94 Vi
901
9
103 % 104%
103%
J-J
110%
104
92%
34 %
M-N
Friday's
54
65
100% 100 %
100 7/a
or
Bid & Asked
69
50 y8
J-J
Duquesne
Kentucky Central gold 4s
1987
Kentucky & Indiana Term 4%s-,~ 1961
73%
69
*91%
J-J
{§ ADul Sou
71
106% 106%
106%
Af-S
Dow
Sale Price
Low
59%
108
*48 Va
Af-N
Det Tol & Ironton RR 2%s ser B__1976
Chemical
38%
69
J-D
J-D
Last
Period
High
108
J-D
Week's Range
Interest
Stock Exchange
Plain
int)
contingent
Edison
&
BONDS
New York
'
iy65
Gen
18
Stamped
fixed
mtge 3%s series G—1966
Gen & ref 3s series H
,—1970
Detroit
Low
High
48 Vi
Apr
RECORD
JULY
Range Since
January 1
Sold
Lake—
bait
<te
Income
ENDING
(4%%
mtge ser A
contingent int)
Denver
WEEK
Friday
Bonds
Friday's
Bid & Asked
Low
A Income
FOR
Week's Range
Friday
Interest
BONDS
New
BOND
YORK
NEW
(285)
81%
f-a
*_
70
73 V*
74%
f-a
*67
69%
62%
f-a
*61
65
61
77
72V»
97%
94
101%
92
90%
*96%
J-D
A-0
91%
91
97%
29
THE COMMERCIAL &
(286)
3«
Friday
Interest
New
Stock Exchange
York
Last
Period
Sale Price
Connecting RR 27/bS ser B.__1975
N
Dock
F-A
Y
1st
1951
—2000
2043
—2043
gold 4s
N Y & Harlem
gold 3l/2s
Mtge 4s series A
Mtge 4s series B
N
Y
Lack
West
&
1973
series A
4s
102 Vi
Friday
York
Interest
Low
11
96%
101%
APittston Co 5%slnc deb
102%
102
6
101 %
103
Potomac
103'/*
Af-N
*110%
1st
106
103
104% 104%
—
110
♦71%
El
Pwr
fAProvidence
M
85%
1st
&
ref
1st
&
ref mtge
&
ref mtge
Af-S
A-O
41 %
39
J-J
42%
40
43
125
28 %
42
39%
43
162
28
1957
M-V
15%
J-D
44
Low
High
mtge 3s
100
100%
2
J-J
98%
101%
107
107
3
r-A
106%
107%
Af-N
Af-N
2037
15
J-J
15%
111
100
*110%
107
17
109%
*_
J-J
1972
:
*10%
Af-8
1968
107
107
43%
A-O
January 1
No.
43%
Af-N
Range Since
Sold
J-J
1956
8s
Af-N
Bonds
1957
4s
5s
1st
1973
High
1966
3 Vis..
Terminal
68%
—1947
ANon-conv
deb 3Vis
1947
ANon-conv deb 3'/is,
1954
ANon-conv deb 4s
———1955
ANon-conv deb 4s
——1956
A Debenture certificates 3%s
1956
AConv deb 6s
—1948
t A Collateral trust 6s
-1940
Friday's
1977
1st
mortgage 3%s
t A Providence Securities 4s
80
or
Bid & Asked
1964
Public Service El & Gas 3%s_
80
66
68 Vi
68 Vi
Week's Range
Low
*103% 108%
J-J
Af-N
Sale Price
High
98%
Last
Period
Stock Exchange
No.
J-J
4Vis
B
series
tN Y New Haven & Harford RR—
ANon-conv deb 4s
39
67
28%
43
39
Af-S
43
42
68
27%
4s
A Debenture
A 1st
series of 1927—1967
ref 4Vis
&
41
39
42
60
28
42
J-J
45
42
46
287
30%
A General
N Y
—;—.1955
4s—___
Light 1st mtge 23/4S_1975 <
N Y & Putnam 1st cons gtd 4s__,1993
N Y State Elec & Gas 2%s
1977
&
Power
71
69
537/a
13%
16
487
9
45
225
29
47%
100
2
99
104%
59
8
40%
100
Af-N
12%
11%
M-S
65%
A-O
*33
F-A
♦14
'
—
5s
t§AN Y West & Bost 1st 4%s____1946
12
133
North
Central
ref
&
& ref
gen
registered
General
3s
lien
&
Ref
&
Ref
1st
1st
Q-J
Q-J
2047
2047
2047
2047
1975
—
69%
33%
1974
1975
1977
1969
126%
101
60%
47
L
series
4%s
I
M-S
1934
105
110
108%
110
108% 108%
J-J
1941
stamped
3s
J-J
A
ser
1st
1971
2
11%
53
55
47
41
10
54%
J-J
10
27
8
13%
11%
58
8
15%
9%
A-O
1953
gold 5s
M-S
1996
1996
Adir
6s
J-J
104%
►104% 104%
♦__
21
90%
21
92%
J-J
14
94
103%
M-S
101%
101% 102%
40
99%
103%
98%
101
tSt
97
*99% 101
1st
103 % 103%
26
102%
6
101% 101%
101%
Paul
J-J
86%
86%
88%
230
79%
92%
J-J
51
50%
52%
339
37%
57%
1989
ctfs
M -N
1
100%
St
Paul
Union
Scioto V
1st
101%
8
83
88 %
J-J
104%
104% 104%
143
71
104%
1990
J-J
101%
101% 103%
165
79%
103%
gold 4s,1968
cons
gtd 4%s
Air
Seagram
Line
(Jos E)
Union
F-A
42%
1971
A-O
*106%
1989
M-S
1998
J-J
100%
2016
J-J
68%
32%
46
*129% 131
44
.
A
33
4
12
A-O
98%
28
99%
101%
68%
69
182.
58%
76 %
97%
22
94%
97%
98%
99%
46
98%
100 % 101%
1963
J-J
1976
J-D
1963
A-O
100 %
1979
J-J
106%
106% 107
10
1985
F-A
101%
101% 101%
50
1994
J-J
1977
Af-S
107%
Nor Ala
RR
gtd 5s
Southern Bell Tel & Tel Co—
103%
A-O
101% 101%
1975
ser
F-A
19
105%
F-A
►100% 101%
101
103
A-O
106 % 106%
105
106%
2%s debentures
Indiana
Southern
Pacific
Ry 2%s
4%s- (Oregon Lines)
Gold 4%s
•
99% 100
99%
93
102
48
103%
99
102%
100%
126
126
106%
*126
—
*-
109%
101
101%
101
104%
97
90
91%
Co—
1st
V'
*102
53%
56
*53
-
debentures
3s
Southern
106%
130%
97%
J-D
1941
r.
•
•
•
19
1975
—
,,
13%
106%
A—1960
mtge 2%s
Oklahoma Gas & Electric 2%s
Oregon-Washington RR 3s
13
106
13 %
J-J
M-S
44
106%
129%
—
Co—
RR
ser
& Sons 2%s debs_1966
2%s debs
1971
Oil
♦112
J-D
1941
Depot 3%s B
1st gtd 4s
mtge 4'/2 s
83
83
City—
RR
mtge 4s ser A
A Gen
104%
J-J
1952
& N E
Seaboard
104%
Line
103% 103%
Nov 1989
&
Kansas
&
South &
1948
1974
4s_.
mtge 3s_
92
100%
1997
unifying 5s
ref gold 5s series A
§ A Short
102% 104%
*103% 103%
&
bond
term
St Paul & Duluth 1st
104
100% 102
tOgdensburg & Lake Champlaln Ry—
guaranteed
90
90
Socony-Vacuum Oil 2%s
1st
105%
84
84
t§ ASilesian-Am Corp coll tr 7s
Skelly Oil 2%s debs
A 1st
55
2022
certificates
inc
4s
A Gen
72 %
100% 102
bond
4s
§ Alst
Shell
Ohio Edison
99%
►128
M-S
1949
Rocky Mt & P 5s stpd
A 2d
76%
100%
A-O
RR
Power
&
gold
1st
109%
100%
F-A
Lawr
113%
99
61
A-O
103
108
M-S
series
St Louis-San Francisco Ry Co—
1st mtge 4s ser A
,
,j.
2nd mtge 4%s ser A
128
1
70
97
94
1
M-S
St
136%
J-J
98
25
M-S
1967
2d
43%
54
*66
J-J
96%
105
tSt Louis-Southwestern Ry—
103
69
1967
3%s
St
128
—
105% 108
103
__1977
3%s series H
mtge
Saguenay
Co—
2%s
mtge
107%
D
mtge
.
126%
128
Q-F
mtge 2%s
(Wise)
109
132 %
,
129
♦,-••;
Q-A
mtge 2%s
1st
*__
M-S
Jan 1 2047
4%s series A
impt 5s series C—
impt 5s series D
(Minn)
M-S
1997
impt
&
23
1997
3s
Coll trust 4Vis
Northern States Power
%*133%
1974
——
registered
Ref
17
1974
5s
4Vis series A
Northern Pacific Railway—
Prior lien 4s
4s
107%
42%
95%
105
92
20%
9
63
41%
S6%
15%
9%
85
457
A-O
Gen
Af-N
mtge 4%s
40
Ry Co—
mtge 5s
Af-N
i960
Gen mtge 3%s series J
t§ AR I Ark & Louis 1st 4%s
t A Rut-Canadian 4s stpd
107
■
—
15%
127%
A-O
A Gen
103%
„
4
—
107%408%
15%
J-J
conv inc
2014
Norfolk & Western Ry 1st gold 4s_1996
Southern
102%
102% 102%
Coip—
Gen
103%
105%
—.
90
M-S
Norfolk
Elec
Gen
5%
77
29 %
12
♦_,
F-A
Af-N
1966
Niagara Falls Power 3%s
Gas &
Gen
103%
—
7
34
1937
—1940
—1943
4V2s
J-J
D__1995
ser
Copper & Brass 3%s
Rochester
104%
59
4
35
gold
Reading Co 1st & ref 3%s
'
——
J-J
tA2d
242
R
14
102%
1
67
J-J
tN Y Susquehanna & Western RR—
§lst refunding 5s
1937
t A General gold 5s
tATerminal 1st gold
.1964
20%
3
110
5
103% 103%
Af-a
105% 106
1st 3%s
Corp
Quaker Oats 2%s deb.
t§ARutland
4
J-D
J-J
Steam
108%
164%
237
*237%
—
76%
1963
Y
107
162
*160
J-D
51
69
Revere
—1954
$AN Y Ont & West ref 4s—-June 1992
4s
—2037
-
42
28%
76
42
J-J
t A Harlem River & Port Chester—
1st
—
42
,
N
BONDS
New
January I
Sold
High
97%
A-O
18
Range Since
Bonds
Friday's
Bid & Asked
Low
N Y
JULY
Week's Range
or
Monday, July 21, 1947
RECORD
WEEK ENDING
FOR
RANGE
BONDS
BOND
YORK
NEW
FINANCIAL CHRONICLE
A
1969
101%
Af-N
96%
Af-N
96%
90%
102
102%
97
116
96'/a
97
83%
105
11
98
83%
95%
101% 102
100
'
Gold
1st
&
ref
3 Vis
series
I
1966
J-D
108% 108%
1
108%
&
ref
3s
series
J
1970
J-D
108
3
106%
108
1st
&
ref
3s
series
K
1971
J-D
*107% 108%
1st
&
ref
3s
series
L
1974
J-D
107 7/a 108 %
1st
&
ref
3s
series
M
1979
J-D
1st
&
ref
3s
series
N,
1977
J-D
1st
&
Southern
109
1st
Pacific
ref
2%s
Tel
27/eS
series
Tel
&
1981
P
2%s
debs,.
s
f gold 4Vis
A-O
_1955
Paterson & Passaic G & E cons 5s_1949
1st
3Vis
inc
conv
debs
.^1960
109%
23
107
109
108 % 108%
31
107%
109%
Southern
4
107
109 V4
Devel
13
A-O
48
series
4s
E
trust
Glass
Pennsylvania
Power
ctfs
Sand
&
1952
3ViS—1960
1961
J-J
1994
J-J
1956
A-O
98%
gold
cons
5s
4s series A
gen
47
22 ;
Af-N
*107%
J-D
*100
42
116%
99%
.93
98
89%
94%
128
103 %
91
111%
5
103%
116%
118
117
118
10
110%
121
112
112
1
112
117
1951
J-J
*__
106%
104%
105%
A-O
102
102%
Apr
*51
F-A
Southwestern Bell Tel 2Vis
67
106%
—
20
Standard
106%
1
—
121% 122%
A-O
1956
6s series A
gen
& gen 6%s series A
Memphis Div 1st gold 5s
St Louis Div 1st gold 4s
104
105
48%
91%
94
ASpokane Internat 1st gold 4%s__20l3
Standard Oil of Calif 2%s debs
1906
104
1
—
82%
1
86%
A-O
Devel
106%
104
121%
94%
88
"4
86%
94
86%
J-J
Devel &
104%
104%
deb 2%s
,,,1971
1960
99%
101% 104 %
16
45 %
105%
98%
99 %
102
106%
98%
93
99%
101%
1
102
103%
101%
*101% 102%
J-J
J-J
56%
104%
65
*105
Af-N
1972
Swift
104%
105
(N J)
Sunray Oil Corp 2%s debs
& Co 2%s debs
108
104 %
Oil
debs—1985
111% 111%
103%
106%
Light Co—
1st mtge 3s
1975
A-O
105% 106
3s
1965
A-O
103% 104%
9
1948
Af-N
101M 102 3*2
f debentures
s
J-J
1st
1
■
91%
*90
J-J
1956
104
101%
.
Gtd
Co—
1996
102
100
1990
102
7
41
*104%
Af-S
—
2 Vis ser G
&
102%
104
J-J
RR
J-D
1986
Ry
104 % 104%
102
104%
mtg 3%s serA_1975
2 Vis series F
1st mtge
Co—
Pennsylvania
Pacific
107
Pennsylvania-Central Airlines—
Pennsylvania
1981
1st
mtge 2%s ser E
1st mtge
102% 103
J-D
1986
108
108 % 108%
108%
J-D
—1985
debentures
Paducah & 111 1st
4%s
San Fr Term
Pacific Gas & Electric Co—
26
103% 105
Pennsylvania RR—
Consol
4s
gold
sterl
Cons
4s
General
4Vis
General
5s
General
4 Vis
Gen
5
101%
104
Af-N
10111 102 3*3
6
101A2
103%
Ref & imp M 4s ser C
F-A
118%
118% 118%
8
118%
122%
Ref &
,1965
J-D
109
109
95
104
118 %
Texas Corp 3s
,1968
deb
4Vis
series A
series
B
scries
4 Vis
mtge
Conv
fund
110%
125%
Texas
3Vis
Pere
ser
5s
General
'
113% 115
30
105% 107%
75
100
118%
1st & ref M 3Vis ser B
1970
A-O
105% 107
18
100%
118%
1st
ref M 3%s ser C
1990
A-O
101 %
100% 101%
66
99%
103%
2000
J-D
91%
23
90
101
1983
J-J
6
100
9
59
1974
J-P
1960
J-J
90%
90%
91%
Jan 1960
A-o
55
54%
55
Tol & Ohio Cent ref & impt 3%s__1960
J-D
A-O
J-J
91%
91
1947
M-S
100ft
100ft
A-O
67%
67%
67%
Apr
19
20
D__„1980
F-A
100 Ji
24
104%
25
104% 104%
F-A
*125
1977
J-J
1961
J-J
2Vis
1971
J-D
1st
&
ref
2Vis
,1,1967
M -N
1st
&
ref
2Vis
1974
M-N
♦104% 104%
1981
J-D
*104
1937
J-J
&
ref
tr
4 Vis
2Vis_.
Certificates
of
f
s
4s__
deposit
Cons gtd 3 Vis series E____
Cons gtd 4s series F
gtd 4s
106
104%
series G,
J-D
1953
104%
99
J-D
—1957
•__■
Af-N
•110
F-A
•a--..
F-A
Af-N
1970
gen
gen
For
Corp
106
110
115%
118
110
113% 113%
110
93%
1st gold 5s—1949
2%s debs—1961
Jf-S
103%
100%
A-O
*104
A-O
1967
1970
J-D
debentures
1970
F-A
mtge 2%s series C
United Biscuit 2%s debs
1991
Af-S
I
*34
of Mo 3%S
mtge & coll tr 2%s
t§AUnion Elev Ry (Chic) 5s
Union Oil of Calif 3s deb
1st
debentures
2Vis
2%s
Ref
S
1966
—1976
1967
1959
2
Rubber 2%s debs
%s
debentures
■Universal
Pictures
3%s debs
♦
104%
100%
70
„
100%
105%
102
111
112%
104 %
103-
102%
35%
105%
104%
103%
106%
34%
103% 103%
J-J
~i
*103% 103 %
Pacific RR—
Union
102%
102
A-O
99
105% 106%
98
98 Vi
52
101% 102
10
101%
103 %
QQ
4
98%
100%
19
100 %
100%
100%
102%
108
106%
Af-N
109%
QQ-
100% 100%
A-O
17
*102% 102%
Af-S
.1955
J-D
♦103
105
102%
*103
105
102%
105%
J-D
s
f
4s
86%
87
11
87
1
97
98%
87
j»-N
J-D
F-A
101% 101%
*U7%
5s
series
C
1974
J-D
*120
1977
J-D
*118%
2
Virginia Electric & Power Co—
.1975
cons
5s
—
J-J
.1958
A-O
.1995
103%
104%
99 %
100%
*108
111
107%
111
»__
Af-S
.2003
1st
104%
*100
101
102%
106
104%
106%
♦104
ff-S
.1949
—
—
105%
Af-N
105% 106
26
91%
73
101%
W
91%
103
116% 117
Wabash RR Co—
Gen
mtge 4s inc ser A
Gen mtge inc
__
—
92
73
*84%
75
F-A
.1957
series B
105%
J-D
Cons
103%
1948
104
86%
47%,
101
—
111% 111%,
1973
1945
Co
125%
103%
102%
1962
31.
103
104
♦101% 102
Ry
4Vis series D
1
38
-79
U
127%
93%
•103
A-O
104%
121%
*103% 104
A-O
99%
136%
101%
119%
M-N
1959
103%
96
♦105%
-
J-J
,_1960
32
*99
Af-S
Virginian Ry 3s ser B-
_
96
130 %
103% 103%
Af-N
U
106:,
118
93%
87
17
103% 104
1971
Electric
Union
104"%
100%
121
B
page
99
112
series
see
103%
110,
5s
footnotes
6
1958
Pitts Youngstown & Ashtabula
1st gen 4s series A
1st
39
1950
4 Vis series B
1st mtge 4Vis series A
1st mtge 4Vis series B
1st
11%
,
99%
113% 113%
113%
A-O
Pittsburgh & West Virginia Ry
gen
14%
1950
Pitts Steel 1st mtge 4Vis
1st
105
1953
;
au,s.series c
105%
118% 119%
J-D
A-O
105%
12
12%
•118%
1954
1975
Gen mtge 3%s ser E
1975
Pittsb Coke & Chem 1st
mtge 3%s 1964
Pittsburgh
Consolidation
Coal—
105%
103%
♦102
1963
mtge 5s series A
Gen mtge 5s series B
1st mtee
99
10
104%
104% 104%
i960
Gen
1st mtge
A Adj Income 5s
,
103%
98%
—
98%
144
Pacific-
of New Orl 3%s
Ave Ry 1st ref 4Si__
108%
103 %
104% 104%
12%.
F-A
Pgh Cine Chicago & St Louis RR—
debentures
RR
E
97%
*136
126%
105%
102%
105
gold 5s
ser
♦100%
97%
130
103%
29
106%
♦97%
F-A
,,.1949
Cons gtd 4s series H
Cons gtd 4%s series I
Cons gtd 4 Vis series J
3Vis
106
•104
1
Phillips Petroleum 2Vis debs
1964
Pittsburg Bessemer & L Erie 27/aS
1996
Pgfh Cirtc Chicago & St Louis Ry—
Cons
106%
104%
120
♦120% 122
-
Co—
t§APhilippine Ry 1st
A
Third
100%
125
126%
ref
coll
Term
1
1st
ref M 3%s
-
RR—
Pacific-Missouri
Texas
75%
39
Pacific
&
Tri-Continental
1974
&
1st
.
Orleans
Trenton Gas & Elec
B
Electric
Texas
ft 101%
12%
New
&
&
Gen &
106
♦106
Af-S
1st
Philadelphia
107%
105%
1985
gold 4Vis series C
^Philadelphia Co
106%
106
105%
& Wash RR Co-
General
series
104%
40
114%
Ry 5Vis__„1974
Marquette Ry 3%s
Phila Bait
129
21
106%
106
A-O
—,1960
ext—
Income 4s
Pekin Union
105%
A-O
Af-N
J-J
Apr 1990
4s
127%
105% 105%
J-J
1983
1963
deb
J-D
1952
Peoria & Eastern
2019
imp 2%s series D
1981
E
mtge 3Vis ser F
Peoples Gas Lt &. Coke ref 5s
Peoria &
110
RR Assn of St Louis—
Terminal
1984
D
series
Gen
A
102 ft
1948
1960
stamped dollar
sinking
1st mtge
4%s ser B
3%s ser B
Jan 1981
Jan 1991
-.1971
Apr
83%
Apr
Apr
84%
83%
84%
98%
83%
85
98%
3
80
94
47
80%
92%
18
95 %
102%
,
Volume
Number 4613
166
THE COMMERCIAL & FINANCIAL
CHRONICLE
NEW
YORK
RANGE
FOR
BOND
WEEK
(287)
RECORD
ENDING
JULY
18
New
York
Friday
BONDS
New York
Stock
Interest
Last
Period
Exchange
Sale Price
Friday's
or
Low
Walker
(Hiram) G & W 2%s debs_1966
Walworth Co
Ward
M-N
debentures 3%s_1976
conv
100
Af-N
Sold
High
100
97%
Bonds
Bid & Asked
No.
100%
96
50
(subordinated)
A-O
1970
97%
21
1053/4 10534
•w —
Warren RR 1st ref gtd gold 3%s__2000
Washington Central Ry 1st 4s
1948
F-A
Q-Af
*100%
Washington Terminal 2%s ser
Westchester Ltg 5s stpd gtd
A—1970
F-A
1950
J-D
1
*102 % 103
Gen
mtge 3%s
*55
1967
107
«—
102
1013/a
113%
106 %
107%
108 Va
109 3/4
101%
101%
or
Friday's
Co
1st mortgage
1st
3s
1958
Certificates
of
Certificates
A-0
1960
4s
J-J
1949
104%
J-J
•
76%
of
Af-N
Low
High
2
__
1033/4
105%
116 Va
117%
76%
—
78'
41
60
82%
*-
83%
WW
66
69
22
22
1
deposit
Range Since
January 1
No.
104'A 104%
—
1936
Sold
High
*116%
—
deposit
Bonds
Bid & Asked
23 %
35
15%
24%
106
108% 108%
103
Sale Price
106%
11
101% 102%
1952
A—2014
ser
&
§ A Su & Du div & term 1st 4s
A
50
102%
May
4s
lnc
A
9
A-O
1st
60
101%
103
37
Week's Range
Last
Period
^Wisconsin Central Ry
§ A 1st general 4s
107%
113%
107
Western
4%s
105%
Wilson
Winston-Salem S B
102
J-J
Maryland
100
100%
— ~
West Penn Power 3%s series I—.I960
Western Pacific
94
Interest
Exchange
Low
100%
50
——
—
*1133/8 113%
„
J-D
65%
Stock
High
98%
Friday
BONDS
January 1
Low
Baking Co—
5%s debs
Range Since
Wisconsin
Electric
Wisconsin
Public
*19%
__
Power
2%s
1976
J-D
Service
3%s
1971
J-J
101 %
18
—
101V4 101%
108% 108 Va
108%
21
15
1003/4
5
108%
102
109%
Western Union Telegraph CoYonkers Elec Lt &
Funding & real estate 4Vis
25-year gold 5s
1950
Af-N
92
92
95%
48
1951
79%
J-D
52
95%
110
1960
M-S
76%
95%
75
93%
Power
2%s
1976
J-J
95%
91%
30-year
5s
Westinghouse El & Mfg 2%s
2%s
West
1951
4s
guaranteed
Registered
Wheeling 6c Lake Erie RR 4s
M-S
2361
J-J
2361
1st
M-N
1971
debentures
Shore
89%
J-J
1949
89%
93 Va
♦102
—
102%
87
102%
—
102% 102%
683/4
«...
105
M-S
*__
1003/4
1970
Af-S
ref
&
M
2%s
series
102%
102% 102%
— —
101 %
100
year's
in
not
103
§Negotiability impaired by maturity.
tThe price represented is the dollar
quotation per 200pound unit of bonds. Accrued interest payable at the
exchange rate of $4.8484.
tCompanies reported as being in bankruptcy,
receivership, or reorganized under Section 77 of
the Bankruptcy Act, or securities assumed
by such companies.
76%
55%
4
—
*99% 100%
—
the
103
57
3
105
1992
Gen
In
101 %
20
66%
M-S
A
Wheeling Steel 3'As series C—
included
range,
d Ex-interest,
e Odd-lot sale
not
the year's range,
n Under-the-rule sale not included in
the year's range,
r Cash sale
included in the year's range,
y Ex-coupon.
Included
'
66 Va
delivery sale not
1013/4
—
16
69%
Deferred
a
72%
105
102%
102%
5
106 Va
100
—
106
tFriday's bid and asked prices;
selling flat.
no
sales being
transacted
A Bonds
during
current week.
NEW YORK CURB EXCHANGE
WEEKLY
NOTICE—Cash
in
footnote
a
in
and
the
AND
YEARLY
RECORD
deferred delivery sales are
disregarded in the week's range unless
they are the only transactions of
in which they occur.
No account is taken of such sales
in computing the range for the year.
tho week, and when selling outside the regular
weekly
week
range are shown
;
In the
following extensive list we furnish a complete record of the transac tions on the New York Curb
Exchange for the week beginning on Saturday,
July 12, and ending the present Friday, July 18. It is compiled from the
daily reports of the Curb Exchange itself, and is intended to include every
security,
whether stock or bond, in which any
dealings have occurred during the current year.
RANGE
Friday
STOCKS—
New
York
Curb
Week's
Low
Wire Co common.
Adam Hat Stores lnc
Aeronautical
Products
7'/a
lnc
200
77/a
30
1,900
30
8
i
Supply Mfg capital stock
Agnew Surpass Shoe Stores
3
2%
2%
2%
2Va
23
800
3%
Jan
5%
12 3/4
Mfg common
Air
Associates
Air
Investors
Convertible
Aireon
60c
lnc
8
Baldwin
Mfg Corp
1
Alabama
preferred
4.20%
Airlines
Allied
3
Jan
7%
3%
Feb
Baldwin
5%
100
1
Aluminum
American
Ltd
Bantam
•
common
preferred
100
•
•
common
Car
Beverage
Book
3
3%
6,000
5%
57/a
800
5%
1,000
53/a
•
Co
«...
*•«.
4%
'
Class
B
1
25
19%
15%
15%
60
63
1033/4
29%
188
2%
28
29%
23/4
3%
51
71/4
American & Foreign Power warrantsAmerican Fork & Hoe common
•
Va
Va
American
$2
$2.50
Corp
common
preferred
convertible
1
20%
213/4
39%
Apr
51
Jan
300
13%
Jan
250
29% May
18 3/4 July
16
33%
19%
20
American
Meter
Co
Co
American
Amer
Corp
com
series
$6
American
preferred
Thread 5%
American
Writing Paper
H *
;
Anchor
Am
•
300
28%
100
14 %
22%
23
1,100
preferred
44%
200
100
32
35
353/4
20%
3,400
4%
5%
1,100
1%
1%
13,900
1%
57
56
57%
Products
dep rets ord reg
5%"'
S%
600
8
8%
9
700
6%
73/a
1,100
24
3%
x32
33
35%
1%
20%
May
1% July
151
May
9
19% May
7 % May
500
9
3/a
25
33/4
6 3/4
May
3
11,600
Feb
Feb
83/a Mar
23
Jan
Jan
33A
Jan
180%
Feb
23
Feb
35%
Jun
2%
Jan
243A Mar
113/4
May
55%
12
Jan
7%
20%
Jan
113/4
4
Feb
Jan
56%
Jan
6c Co lnc
& Co common
1
13%
14%
400
10
May
15
Apr
*
46
48
350
373/4 May
55
Jan
10°
28
27
27
10
11%
13%
common
6c
7%
Oil
19%
19%
15%
14%
4%
20%
132
Apr
37
Feb
17%
Jan
17% May
3,400
22 3A
Jan
13
May
4,300
4
Jan
50
23
Jun
26%
Jan
8%
300
6
Va May
10%
Jan
15%
8%
1,100
4%
350
143/4 July
33
Feb
20
5
Apr
22
Feb
36
Feb
25
Jan
18
Jan
21%
Jan
16
*
Jan
20% May
■
•
Jun
Jan
15%
15%
j. 1
May
21'/a
143/a
23%
4%
23
*
*
Co__
Jun
14%'May
*
1
Pwr
UN*—
rects
800
116
1
Lgt
common
American
13
*
Aeronautical
dep
May
May
1 %
100
9%
9
31
22,200
20%
9
3
Apr
Feb
19%
Jun
16
100
2
20%
~3%
1
July
20%
Feb
4%
Feb
Tobacco—
ord
tl
H
bearer
dep rets ord reg
Cel&nese
Amer
Class
Brown
Forman
23
Bruck
Silk
Rubber
43
Co
Mills
3%
100
22%
21%
7
7
common
200
22%
9,500
7
;
36
Ltd
«...
2
2
common—
400
36
—
1
3%
Jun
233/4 July
l3/8 May
15% May
5% May
■
Buckeye
6c
2AO
Sullivan
43%
Feb
Piston Ring Co
Burma Corp Am dep rets
«...
9
Feb
47
Jan
Feb
26%
Feb
Jun
23%
Jan
Burry
6%
Feb
Butler
13A
11%
1,300
10 Va
17%
18
1,300
123/4
17%
223/4 July
Jun
10%
Pipe Line
Hill
Burd
2% Mar
32
1
Feb
27% Mar
25
100
■
123/4
15% May
10 3/4 May
12 3/4
Feb
19% Mar
Jan
Biscuit
(PH)
i
1
1
1%
150
'
May
Jan
5%
%
Jun
May
7
Feb
13
Jan
Jan
9%
9 %
Jan
Cables
Apr
7%
Jan
American dep rets 8%
Calamba Sugar Estate
43/4
6,700
12%
123/4
400
BOe
4%
4%
500
3%
II
2%
2%
100
1 % Mar
Feb
May
3%
123/4
Feb
7%
Apr
3 %
4%
2Be
M
14
12% May
9,300
12MiO
Corp
common
5
,
300
«...
Distillers—
Co
.
16
3%
_
(E L)
July
44% July
16
.10s
B
Brown
16
Ltd—
dep rets ord reg
Columbia Power class A.
British
July
63
Feb
6
9%
Jan
3 %
May
5%
July
Peb
2,300
7%
Jan
10 3/4
Feb
93/8
9%
114% 114%
10
Gas
common
xll2
24
Jan
114% Mar
6
7
4,100
6
4% May
8%
6
6%
5,500
6 3/a
6%
19,400
3% May
3 % May
300
,,
Ashland Oil & Refining Co
n%
Associated
12%
i
12%
12%
1,000
53/4
1
Atlantic Coast Line
Co_
& Sons
6% preferred
Ayrshire Collieries
footnotes
10%
9%
6 3/4
6%
6%
1
8
28
593/4
6%
31%
1%
11%
7
1
35.
Jun
9% May
Jan
10%
600
Va May
1,275
43/a
1,800
53/4 May
Jan
—1
Power
'
-
1
8%
1
3%
73/4
8%
3%,
.
300
27/b July
6% Jan
4%
Apr
9%
900
73A May
3%
900
23A May
73/4
>
21 %
33/8 Mar
8
Mar
10
Jan
53/4
Feb
Jun
23% Mar
6%%
20
common.
JO
Jan
20
Jan
26
May
26
May
22
Ltd
preference
May
22
May
Canadian Canners Ltd
Conv
preferred
11 % July
Mar
Canadian Industrial Alcohol-
14%
12% July
Class B non voting
Canadian Industries Ltd—
11% May
Canadian Marconi
1
1%
1%
2%
Capital City Products.
Carey Baxter 6c Kennedy Inc.
•
363/4
363/4
363/4
114
Feb
Class
1% Jan
11% July
9%
PeD
A
voting
Carman
6c
Carnation
Co
75
Feb
Carolina P
3% May
7
Feb
Carr-Consol
3,500
24% May
37
13%
100
-
9% May
9 % May
15%
Jan
Jan
15
■
1
7%
8
8,800
10O
1,000
—10
49%
49%
50 %
10%
common
10
11
230
1
Jun
165
Jun
l3/a May
34 % Apr
3
Jan
45
Mar
165
.100
common
Co
13%
——i
preferred
20,300
Jan
10%
Feb
237A July
43% Jan
323/4
Jan
6 3/a
50 Va July
Feb
73/a
6%
600
100
13
13
400
24%
25
50
39 %
Feb
—
Canada Bread Co Ltd
63/4
7
13
Electric
623/4
33
6%
common
page
623/4
33
Corn
see
1
•
warrants
Atlas Plywood
Corp.
Automatic Products
Automatic Voting Machine
Jan
10%
•
.50
California
pfd
Callite Tungsten Corp
Camden Fire Insurance
7%
£1
1
Coast Fisheries
10%
UOVa
Electric Industries—
American dep rects reg
Associated Laundries of America
Associated Tel & Tel class A
1,000
Feb
July
6% July
Jun
Wireless—
6c
Canada Cement Co
7"
5%
1
'
•
A
10%
(B F)
500
3
Traction
Bruce
1
class
Corp
700
2%
2
preferred
17% July
4% Feb.
16%
10%
For
Jan
25
11
Avery
Feb
700
10%
Atlas
19%
16
1
A
British
Feb
24%
4
.
Atlantic
17
373/4
24
11
i
xl83/4
2%
& Mach Co com_*
Apr
6%
non-voting
•
,6% preferred
10
Arkansas Power & Light $7
preferred-*
Aro Equipment Corp
2.50
i
6
xl83A
Cable Electric Products common
1
;
Argus lnc
t,!Common
com
1
400
J
__5
20O
May
5 % May
9 % May
'
Post
Arkansas Natural
,
May
29% May
163/4 May
4% May
2,300
19%
5 Va
Angostura-Wupperman
,«
Jan
3%
Bunker
20%
Apex-Elec Manufacturing Co
Appalachian Elec Pwr 4%% pfd_
;
Jan
35
343/4
,__2
common
15
43%
35
10c
Jun
Apr
2% May
16,500
343/4
•
„•
Angerman Co lnc common—
Anglo-Iranian Oil Co Ltd—
•
223/4
17
3%
2
common
Superpower
2
32
17
2,200
10
Republics
Seal-Kap
32
3%
•
American Potash 6c Chem class A
Class B
American
25
25
63/4
16
Jan
143/4
Products
Am
49
63/4
Mfg Co common
Class
British
Jun
100
1
common
British-American
Jan
47
16%
6%
Co
(S)
Corp
May
Jan
—1
preferred-
(HC)
1st
Brillo
Feb
Jan
43%
33
1
23
433/a
113
125
19%
Co
Jan
Apr
July
17,000
163/a
common
(Philip)
Am
1
33
Maracaibo
May
50
42 Va
Jun
July
33A May
common-
Steel Fdy
Brewster
Jan
37%
Apr
Bridgeport Gas Light Co
Bridgeport Oil Co—
Jan
l3/4
May
25
Metal
17
54%
Jun
11
common
Brazilian
Jan
May
3/a
8
5%
Borne, Scrymser Co
Bourjois lnc
Jun
2 3/a
20
American
7%
Feb
100
Gay Furniture
Blumenthal
Breeze
52
1,000
American
American
Blum
May
44%
44
6c
Bohack
Feb
23/4
American
Laundry Mach
Light 6c Trac common
preferred
American Mfg Co common
Mar
90
13
37% May
40%
optional convertible preferred—•
7%
4% May
110%
23/4"
$3
33/4 Mar
Jan
9% May
common
Hedges
Birdsboro
Feb
5
50
9,900
10c
6c
Blauner's
Feb
Jan
700
lnc
Ties
Blue Ridge Corp
July
40
900
38%
25
6 %
29 %
1953/4
6,800
20%
American Hard Rubber Co
■
'35'0
38 Va
1
preferred-
Jan
21
12%
Shoe Corp
Aircraft
Convertible
Feb
2% May
100
General
convertible
52
(A S)
Berkey
Jan
105%
11%
1,200
8
6c Co common
(L)
Benson
Feb
Feb
300
11%
Bell Tel of Canada
Feb
80
2%
7,200
10
23
25
18
3,900
Electric
Jan
Jan
May
Apr
70
473/4
6c
Jan
161% May
400
6%
Gas
11%
1023/4
4,400
23/4
461/4
preferred
Jun
13
350
51%
43A %
Jun
48 %
850
188
%
American
5 %
41
_1
common
—
Refractories
Bickford's lnc
500
46%
common
Beck
May
7%
50
2%
1
Co
Jan
19
188
—
Beau-Brummel
6'A
Jan
15
«—.»'
—
Bauman
3
3,200
1033/4 104
$1.2Q
Mar
48%
40%
&
Basic
108
47
Corp_
Seelig Mfg—
convertible A common.
Barlow
Jan
Apr
1
High
40%
Steel
Barium
Jan
104 %
Co
shares
9
92
Low
los Andes—
de
5%
Jan
Range Since January
High
-30
Rubber
Feb
Jun
—
15%
61
38
Jan
Low
47
preferred
Bellanca
100
10
-
Cyanamid
July
47/a
100
A
Class
Feb
81
Cities Power 6c Light—
American
Feb
4%
2%
500
19%
123/4
4% May
—*
~
Jun
31
60
43/4
—
1
common
Co
84
Feb
7%
10
84
5
common
American
32%
15
•
Mfg
American
American
pfd
•
America
Industries
Aluminium
conv
common
common
cumulative
Goods
32%
1
Investing $3
(Mich)
Aluminum
;
3
50
•
pfd
Products
$3.75
107/a May
3 Va May
3
10
lnc
Altorfer Bros Co
Aluminum Co of
100
II
Alles & Fisher common
Allied Int'l
77/a
50c
common
Southern
Power
7%
10
Air-Way Electric Appliance
Alaska
600
Shares
Locomotive—
American
2
preferred
Great
13 3/4
(N J)
common
convertible
Alabama
13%
for Week
B
Babcock 6c Wilcox Co.
Feb
Banco
Alnsworth
Sales
Range
of Prices
Par
July
2% May
Week's
Last
Sale Price
Exchange
Feb
30
113/a
1,700
Curb
Jan
6% May
2Va May
400
York
New
High
May
6% May
140
8%
27/a
.„1
Low
4%
7%
_io
„_i
Aero
18
STOCKS—
Range Since January l
High
4
Acme
JULY
Friday
Shares
ZZi
Alloys
ENDING
for Week
Par
Aluminum
WEEK
'
Range
of Prices
ACF-Brill Motors
Acme
Sales
Last
Sale Price
Exchange
FOR
40%
500
50
6%
Apr
Apr
5% May
10% May
623/4
9
7%
16
Jan
Feb
Feb
241%
Jan
27
313/4
Feb
40Va July
Jan
Carreras
Amer
Carter
Casco
Castle
& L
$5 pfd
Biscuit
Ltd—
dep
(J W)
(A
M)
Co
6c
3,300
Feb
119
July
10
May
20
Jan
*
rets B
Products
115%
Co
ord
Ssfld
com
•
3
Co
10
~7%
Apr
93A
200
9
Apr
Apr
3
9%
1
common
11
Mar
7%
73/4
1,800
6
May
9
Jan
30
May
43%
Feb
31
32
THE COMMERCIAL & FINANCIAL CHRONICLE
(288)
RANGE
iFrlday
New York
Exchange
Curb
Cent
Maine
Shares
Pow
& South
West Corp
preferred
I Cent States Elec 6%
7%
Cessna
dlv ser
div ser
Aircraft
Chamberlln
1929
13
92
93%
19%
10%
n
60
15% May
Apr
96%
20
650
11% May
24%
46
May
83
Jun
Fairchild
Apr
23%
Feb
Falstaff
12% May
2% Jun
23%
Feb
Fansteel
Jan
3%
3%
3,100
18%
18%
30O
18
July
12%
12%
100
12
May
660
25
21%
19% May
4%
Feb
14
Feb
25
July
74%
73%
74%
250
70
Mar
77%
17%
17%
750
14
May
18
1%
1%
1%
1,500
1
May
93
May
.1
240
123% 127
125
38
39%
28,600
13%
38%
J
13%
200
9%
15%
16
.1
2%
2%
2
Jan
1% Mar
148
Jan
39% July
10y4 May
8% May
15
11 Va
Jan
200
~
2%
2%
2%
.1
23 %
Jan
July
900
10
-1
common
Jun
25
17%
.10
13% May
19
Feb
2
1;500
57,100
July
Feb
York
First
94
50
66%
Jan
96% July
•
.7%
Jun
9% May
9%
Jan
Colonial
Colonial Mills Inc.
Hotel
6%
5%
33%
35%
1,050
4%
4%
33%
25
1
Inc
Community Public Service
Community Water Service
Compo Shoe Machinery—
~~Va
Va
~i%'
32
1%
25%
8%
.—100
73%
73%
116% 117
—.100
108% 108%
•
common
B
preferred
4% preferred series C
Consolidated Gas Utilities
1
Consolidated Mining & Smelt Ltd
Consolidated Royalty Oil
9%
8%
76
75
76%
10
3
3
3%
•
27
—10c
Steel
JO
io
7
Feb
5 Va
July
i3«
Jan
Jan
Jun
34%
Jan
%
2,200
Apr
2%
Jan
Apr
10%
Jan
7
% May
34 y2 Jun
2
Jan
43
Feb
1,100
68% May
83%
Jan
120
115% Mar
118%
Jan
108
30
„
Mar
x7y8 May
63 % May
1,300
1,700
2 %
2,100
1,500
110%
Jan
9%
Jan
85 %
Feb
Apr
3% July
34% Feb
Jun
11%
May
21%
27
28%
%
10
10%
Corp_„
Continental Fdy & Machine Co
1
3%
3
3%
4,100
1,400
1
is y4
14%
15%
3,400
19%
Feb
Cook Paint St Varnish Co
•
36
34%
36
800
41%
Feb
Cooper Brewing Co
1
3%
3%
4
1,600
3%
Jun
x6
Feb
•
ey8
9 ft
9%
1,650
8% July
% May
11
Feb
1%
Jan
9% May
15%
Feb
4%
Jan
Consol
Textile
Continental
Corp
common
Co
Car-Na-Var
Copper Range Co
Cornucopia Gold Mines
Coro Ino
:
common...
n%
pfd
Cosden
5%
11%
Petroleum
.1
common..
preferred.
10% May
500
2%
Jun
11%
Jun
4%
295
36
Feb
14
3% May
3,500
46%
46
May
Feb
3% July
July
700
12
4y8
4%
M
3
26
1,800
3%
3%
class A—
convertible
11%
10%
12
Corroon St Reynolds
$1
7%
..
II,800
u
-AO
4% July
Jan
46% July
Courtaulds Ltd—
American
dep receipts
(ord reg)—fl
g
Creole Petroleum.
i
Crosley- Motors Inc—.
Crowley Milner & Co.
10
Am
47/a
5%
4%
Class
Ford
B
$6 preferred
Cuban Atlantic Sugar.
5% preferred
Cuban Tobacco common
4%%
Fuller
Garrett
Lighting Inc common.
Curtis Mfg Co (Mo).
12%
4
1,700
50
6%
May
•16% May
3% May
1
%
Feb
Feb
20
6%
Feb
2%
Apr
Feb
33
Apr
18% May
xl05%
Feb
26% Jan
150
Jun
107
Jan
7% May
500
13
3,600
5% May
6%
Apr
4,600
17% May
20%
Feb
20%
25
19
21% Mar
Mar
2
8%
500
8%
1%
3
Mar
Jun
10 %
Jan
Jun
31%
14 Va
Jan
31 Va July
450
Jun
7Va
600
24
38%
Feb
12%
Feb
29
Feb
21
32%
32%
300
8%
9%
3C0
6% May
24%
150
16% May
87/a
9%
2,500
.
Feb
11%
Feb
Apr
19%
F6b
Apr
104 Va
Feb
900
4
May
7
Co
Gen Builders Supply Corp
5%
conv pfd
Gen Electrio Co Ltd—
Alloys
General
17
Jan
5% May
10% May
8
Feb
14%
Feb
9%
6% May
5%
2%
3
1,100
2
May
3%
Jan
5%
5%
4,100
3% May
6%
Jan
27%
28%
75
5%
1
28
22
-fl
preferred series A
.10
5%
Flreprooling
General
$5
(A C)
i'
—
Gladding McBean St Co..
Gleaner Harvester Corp
Glen Alden Coal
Glenmore Distilleries class B-
fh
!
*
'•
' '
Godchaux Sugars
....
100
14%
6% Mar
4% May
Feb
Jun
22%
53%
Apr
13%
Jun
17%
Jan
Jan
29%
Apr
Feb
13%
k
24%
1,300
18%
Jan
25
17%
19%
6,000
16
Jun
19 Va July
14% Mar
11%
1,000
.15%
Ti%
9% May
15%
300
13% May
4%
10,600
3% May
5%
Jan
Jun
61 Va
Jan
'
4
48
Jan
17
'
100
.1
20
1
49%
9%
Jan
47% May
9% May
62%
Jan
150
15%
1,600
Feb
9%
Feb
400
7
May
10%
400
9
May
14
Feb
95% May
112
July
145
Apr
550
112
10
133%
Jun
43%
200
39%
Jan
44%
Jan
10%
800
9% July
15%
Jan
111% May
114%
Feb
Jun
15%
Feb
Jan
.136% 136%'
42%
43%
;10
10
.100.
■
17%
8%
10%
common—250
...
Jan
15 Va
54%
8-.
-25
Gypsum Lime A Alabastlne
Jun
1%
49% July
Apr
7% May
f
-1Q0
pfd
44
.32% July
104%
100
15
110
,
!
•
10
54
8
% May
49%
:
•15%
25% May
July
100
7,800
'•%
stock.
r
100
32%
32%
100
9%
Stores Products
Jan
11%
Great Northern Paper
Grocery
110 Vb
23
.80
Gulf States Utilities $4.40
Feb
115'/a Mar
Jan
19%
-1>.
preferred.
1st
...
100
350
class A—
common
98%
Apr
23
-
Ir
Mfg Co
Atlantic St Pacific Tea—
1%
Mar
17
class A—
Non-voting
89
112%
50
29 %
-10
Mfg common.
Graham-Palgp Motors $8 conv pfd_28
Grand Rapids Varnish
——
-4s
Gray
Jan
~5%
14%
*■,
Gorham
Great
Mar
4
~5%
32%
Ino
Gorham
96
Vs
*
Feb
25%
Jan
May
52 Va May
B
Class
May
3
16%
ir*
Ino common.
(Adolf)
Gobel
109
110 Va
-2.80
Inc.
Globe-Unlon
Jan
18% May
200
98
114% 114%
J
Co_
Mar
89
2,200
37/a
94%
98
1
Preferred
Gilchrist
;
114%
*
common
Feb
29
200
20%
95
3%
»~
Gold Minos
Yellow knife
Jan
9%
Jan
90
19%
95
19%
-1
preferred
9%
May
7% July
1,100
104
preferred—*
1
$6 convertible preferred
*
Georgia Power 16 preferred
•
Gilbert
6
1,900
8
Jan
Jan
24
General Shareholdings Corp com
Giant
~8%
7%
.100
pfd_
Plywood, Corp
Publio Service 86
General
General
~8 %
8%
8
*
common.
General Outdoor Adv 6*
32 Va
14
Apr
11% July
dep rets ord reg
General Finance Corp conpmon.
Amer
F6b
5%
1
?
Goodman Mfg Co
7
6%
18%
15
.
Feb
550
7
20 % July
94
preferred
5%
Gellman Mfg Co common
10%
5,100
-2.00
43 Va
Jan
2
32%
2
oommon——
6% May
13%
Jan
18
100
Co
300
12
40
—*
common
Power
Feb
7% Jan
21
Curtis
Corp
Gatlneau
14%
100
Jan
100
400
23%
Co
Jun
22%
Jan
42%
24%
Stores
(Geo A)
7%
106%
21%
2%
20%
1
600
106
21%
Jan
8% May
.—80
pfd
conv
$4.50 prior preferred.
Goldfield Consolidated Mine
1,000
.100
1% May
2%
I
Feb
2%
1,100
8%
Feb
2,400
.
Feb
2
24
.L25
(Peter) BrewingFranklin Simon St Co Ino..
2%
1%
64
6%
dep rots bearerBrewing Co
Amer
31%
2%
common.
45 Va May
20%
Apr
4%
90
18%
voting.
Jan
4%
Jan
49
Motor of Prance—
Jun
~4%
14
2%
18%
1%
18
18
3,100
42
A non-voting
25%
9
22%
12
12% May
11 Va May
JB1
ord reg_
dep rets
Class
5,700
10%
8%
Crown Cent Petrol (Md).
Crown Cork International
Crown Drug Co common
Crystal Oil Refining
2
4,600
19%
6,600
30%
1%
1%
Jun
16%
2%
1
6%
29%
30
Feb
27%
Ford Motor of Canada—
;
Croft Brewing Co
3%
Apr
7 Va May
6% July
36% July
30 Va
—•
Consol G E L P Bait
Jan
%
2,550
1%
Feb
May
21
xl6% July
3% M«y
I,900
7%
8%
1%
9%
2
800
Feb
4% May
3% May
200
%
i
Vtc ext to 1956
1
Conn Gas St Coke Secur common——*
series
11%
69,700
32
31
20
43 preferred
16%
16
5
common
1,000
3,900
Feb
1,300
.6%
Commonwealth & Southern warrants—
Consolidated
6%
16%
1
Manufacturing Co
4% %
Feb
4%
3
2,300
3,400
4,600
7,900
7,000
9V8
5
capital stock
Colonial Sand & Stone Co
Commodore
8%
4%
1
Airlines
Colorado Fuel & Iron warrants——Colt's
13%
May
7% May
liy8 May
common
3%
—.10
lOo
Fox
93%
9%
Corp
8%
2 Va
26%
48
Fort Pitt
.100
3%
Apr
Ford Motor Co Ltd—
Feb
Jan
3%
Feb
30%
11%
1
$1 Stores-
50 to
Jan
9%
Development ordinary
2%
Feb
15
15%
•
div cum pfd
(M H) Co—
$2
Franklin
Cockshutt Plow Co
Colon
High
May
Fishman
Jan
300
7
1 li
2%
2%
Airplane.
St
Metallurgical
3%
13
200
6,300
26%
Engine
Brewing.
3%
12%
7%
8%
Falrchild Camera * Inst Oo_
15%
1% May
.4
Clinchfleld Coal Corp
Club Alum Products Co
Low
2
28
Fedders-Quigan Corp
Fire Association (Phlla)
3%
18 '/a
1%
Feb
100
23
hn
Range Since January l
High
Feb
79
22%
Low
Jan
11%
23%
200
Shares
Pipe Line oommon.
12
.100
Co.
Corp Ltd
75
x24
Clayton St Lambert Mfg.
Eureka
for Week
of Prices
Feb
102
8% May
31,800
.«
Co
Inc
Feb
17y8
Sales
Range
Par
—1
22%
.10
Mfg
Jan
100 %
Clark
Claude Neon
90
500
19%
10%
City Auto Stamping
City St Suburban Homes—
Clarostat
May
Week's
Friday
Last
Sale Price
Exchange
Curb
High
ao
common
Controller
9 y8
2,600
.
19%
...10
Corp common
Cherry-Burrell common.
Chesebrdugh Mfg commonChicago Rivet & Mach
—
Chief Consolidated Mining—
IChilds Co preferred—
Service
Low
•
America
oi
Charli
Cities
Range Since January l
1
Co common
Co
12'/a
100
100
_100
preferred
Conv pfd opt
Conr pfd opt
12'/a
1
pfd
4%
Lt
&
York
STOCKS—
High
100
•
100
Central Ohio Steel Products.
Central
Low
.100
preferred
Central
18
forWeek
Co—
Power
ENDING
Eureka
—1
Corp of America—
3.50%
JULY
New
WEEK
Sales
Range
of Prices
Par
Catalln
Week's
Last
Sale Price
STOCKS—
FOR
RE¬
EXCHANGE
CURB
YORK
NEW
Monday, July 21, 1947
11%
■—*.,
r
3.1
Davenport
Davidson
Hosiery Mills
Brothers
28
Inc
Dennlson
8%
Mfg class
debenture
Derby Oil Co
Detroit
a
Steel
Am
8
&
Products
w
i
15%
14%
16
10
10
10
Co
3%
Feb
39%
13
•
13
6%
6%
155
May
Apr
16
July
May
2% May
1,600
3%
May
14
Feb
10
2,000
38
3%
3%
Feb
Jan
27
39%
Jun
16
Feb
100
11%
Jun
3,600
4%
Apr
7%
Jan
17%
corp
Harris
Chem
Co
17%
600
13%
14%
1,000
3%
4,100
14'/a
6,500
10% May
24 Va Jan
78
May
13%
13 %
12% May
12% Apr
Ltd.
l—
68%
JO
Co_.
69%
50
67
41%
68%
.
Co
41%
50
39
May
May
25
97
Jun
100
100
Feb
Feb
19%
2% May
33% Jan
3
-25
19'
20%
Feb
17
Textile Co Ltd
St
Feb
4%
Jan
33%
Feb
17%
Feb
25%
Jun
94
Feb
79
'
48
Jan
"
106
Feb
Am
dep rots ord .-reg.
Durham Hosiery class b oommon—*
Test
Corp
Mmmnn
12'%
5%
18%
Feb
6%
Feb
4 %
800
14
13%
•
May
May
11% May
100
10% May
12
100
12%
5%
Class
15%
Jan
&
Horn
Si
3%
3%
.
3%
1,100
4%%
.100
83
82%
83%
6%
-100
71%
70
72%
1,000
Eastern
Malleable Iron.
Eastern
States
—25
Corp
74
May
35%
3
$7 preferred series A
$6 preferred series B
Sutrar Associates—
97%
49
325
prior preferred
preferred
3
.
3%
74
68%
67
74
51%
55
5,100
77%
70
54%
Electric Bond St Share oommoe.
Electrio Power A Light 2d
12%
7%
Option
warrants
Klectrographlc Corp—
Electromaster
Elliott
50
May
77% July
May
5%
preferred
Empire District Deetrio 6%
Emsco
Derrick
Equity Corp
St
pfd—100
Equipment
»
oommon.
_iQe
—
page
35.
115
2,600
3%
45
45
17
106%
106
20
106 y4
30
Jan
3
200
1.40Q
45
May
2% May
200
20
21%
May
55
.
148
7 Va
21
4%
Jan
Feb
Feb
Mar
Feb
Apr
45
50
Mar
Jun
111
Jan
8%
Jan
12
Feb
101
«■
2
Lock
&
Co
stk
lst
13
May
17%
10%
10%
700
9
Jun
12%
12%
2,300
10%
>-
10
14
common
Hydro-Electric Securities-.
Hygrade Food Products
-
Feb
107
Jan
May
85
Mar
15%
Feb
x35 %
Feb
8%
1,000
4,400
52%
450
10
6%
1,500
77/aMay
1,300
4 Va
100
•9%
49
55% Mar
Mar
6
24
24
39%
"
159
>.
10
10
159
10%
Feb
Apr
6%
Feb
23%
Jan
27%
20
9%
39%
—* t.
Jan
19% May
10%
25%
52
Jun
22 % July
37
Jan
41
Jun
181
Feb
43
Feb
155
34 % May
Jan
July
39%
200
116% 116%
40
113
Mar
200
28
Apr
34
July
55 Va
Apr
66
July
34
34
63%
34
_9
—* I y 64 Vb
6%
5 £
—• y 27
66
5%
3,300
6%
2,900
25
1 rV
;—1 R
.*'
B V,
28
1,800
42%
43
175
6%
:'v r8
:
Jan
13%
•9% May
23
,*
i
Jan
16
July
600
Feb
25
May
50
15
Feu
14% Mar
10% May
125
15
10%
,
preferred
9%
47/a* Jun
Jan
28 V2
20
42 % July
Feb
'
Feb
47 %
4,625
5%
Jun
•15'*
10%
8%
8%
1,100
7 V* May
43%
125
37 Va May
3
,
900
2Q
Feb
9%
42%
29
116% July
Mar
"'21
May
<
Feb
Feb
51%'
Feb
3%
Feb
49%-Jan
"•t
"4"
•
ji
"L<iL
1I-.
*!
Illinois Power Co common
B %
conv
preferred
_60
Illinois Zinc Co common
~2Va
6,600
1%
Apr
2%
225
43 %
Jun
53%
Jan
IndlanapolFs
9%
100
12
Feb
Insurance
29%
1,600
59%
59%
600
15
Pow St Lt
X%
pfd
Co of North America
25
55
May
May
1,160
2,700
15%
13% May
10%
6
•»-!
Feb
31% July
64
Jan
:2t%War
6%
Apr
'
,10i0
16.:. ..'.97 %
14Va
Feb
10% May
13%
Jan
47%
29%
15
:
Imperial Chemical Industries—
J: J
Am dep rets regis
mm,
„ At#;
Imperial Oil (Can) coupon—---| i
Registered
—"
Imperial Tobacco of Canada
—6vImperial Tobacco of Great Britain
"1%
May
800
52%
—•
purch warrants
Huyler's common
9% July
Apr
700
38%
$2.25 preferred
Com
7%
23%
• i,,
Co
Feb
9
81
100
Mfg
Feb
6% May
9%
6%
Inc
Refining
&
4%
Jun
14%
9%
(Harvey)
Feb
2%
101 Vt May
Hardart common-^.
Oil
5
100
15
•
10%
10
(Geo A) & Co common.
Hardart Beking Co_.—
46
6
7
Jan
23
Jan
12%
July
9
17%
15% May
-
9%
see
.
120
146
20%
47
Xsaulrr Tnr
footnotes
8% May
3%
-10
50
83 convertible preferred.
For
4-2% May
6 Va May
20%
-
__
1,525
-1,800
26,700
1,500
2% May
11%
S
10%
Uj
74 % July
7%
19%
Ino
Co oommon
Apr
3% July
40
13%
6%
Jan
July
575
7%
5%
45%
Jan
1,175
12%
145
pfd
•
.
Jan
1% May
Eastern
$5 preferred
Easy Washing Machine B
4%
2% May
81
May
3%
•
Hussmann-Ligonler
Pad Assoc common.
500
100
preferred
B %
Hurd
Gas *
3%
-100
common
Humble
East
55%
14%
Inc
Hubbell
Feb
100
8%
14
2
preferred w w
4% preferred ww
Henry Holt St Co common—
Heyden Chemical common—
Hoe (R) & Co class A
Bollinger Consolidated G M.
Holly Stores Ino
—.
Horn
70%
33%
63
14
~8%
..250
common
6V»%
Hormel
Feb
Apr
32
28
7
S
oommon_
Holophane Co
Feb
34%
800
3%
15
Co
Feb
8%
May
100
3
3 %
A
Heller
Border's
10% May
1
,
Duval Texas Sulphur
32
Light
Stores
Dopt
Hearn
12%
5% May
600
6 Va
63
40
25;:
Hartford Rayon common
1
Harvard Brewing Co
—1
Hat Corp of America B non-vot com—1
Hathaway Bakeries Inc
1
Hazeltina
Corp
•'
Electric
Hartford
?
11%
6%
Ltd.
-
Apr
Duniop Rubber Co Lwt—
Duro
Hamilton Bridge Co
Hammermlll Paper
9
11%
11%
Lamp Co
Mining Co.
Helena Rubinstein.
common.
Dominion
Power
Feb
12%
10 %
H
Hall
Hecla
Tar
Driver
10%
9% May
200
39%
Jan
6 % May
8,300
~0OO
Dominion
Duke
-__i
—10
Domestic Credit Corp class A
Dominion Bridge Co Ltd
Dominion Steel St Coal B.
Draper
1,100
38
Ltd—
Co
Dooeckmun
11%
Jan
:
Jan
8.
Apr
Jun
150
dep rets ord reg_.
Corp common
Divco
"5%
11
JO
100
100
Devoe & Raynolds Class
Diana Stores Corp com
Distillers
~8%
—doe
common.
Manufacturing
Detroit Gray Iron
Foundry
Detroit
6 %
33
-85
common.
Gasket
500
7%
7%
7%
„
Dayton Rubber Co class A
Dejay Stores common
37%
May
14
Feb
13%
100
12%
Jan
14%
Feb
15%
100
15%
Jun
21%
Jan
Va
20
105%
97%
.1,100
13%
15%
108 Va 108
96
86
Apr
Jan
May
111
Apr
100V4 Mar
Volume 166
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4613
YORK CURB
NEW
Week's
Friday
STOCKS—
New
York
Curb
Range
Shares
Cigar
Machine
International Hydro-Electric—
Low
*
shares.
International
67
67
12
68%
14%
25/a
2%
2%
11%
11%
iiy2
100
Interstate Power $7 preferred
Investors Royalty—
*
17%
17%
100
iy2
2,400
19 %
276
1%
1
Iron Fireman
Mfg voting trust ctfs—•
Irving Air Chute
—1
Italian Superpower A
•
1%
19
19
5%
1
22%
Feb
Murrey Ohio Mfg Co
15%
Feb
Muskegon Piston Ring
Apr
15%
Feb
5%
Feb
12%
New
common
Muskogee Co
2.50
■
10
common
Feb
7%
Feb
Nachman Corp
Namm's Inc common
%
Jun
1%
Jan
National Bellas Hese common
iya Apr
16% May
1%
preferred
Jim
Brown
Class
A
Julian
Stores
Co
1.400
3%
1,300
3
1,300
*
—
Kokenge
14%
1
common.—
preferred
b
14%
8Va
8%
1,000
11% May
3% Jun
2% May
7% Jun
•
24%
Jan
22%
Jan
6%
Feb
18
30
Corp
1
Kansas Gas A Elec t%
pfd_.
Kawneer Co
Co
Kldde
7%
«8%
■
18,100
5
.—100
18
18%
18%
200
15
5
100
1%
pfd B
100
60
50
53
1
15%
1
4%
1
64 y2
9
Feb
July
87%
Feb
69
Jan
15%
700
17%
Feb
1,200
12% May
4% Jun
1?
3,500
7%
Jan
6,100
1%
Jan
17%
18
100
;.9%
a'16%
16
200
!25
9%
16
Feb
Jun
Jun
18
1
111%
56%
300
Apr
15% May
19% Apr
900
7% May
13% May
Feb
6
13% July
Hi July
25%
19%
Feb
Feb
25% July
10%
•
100
England Tel to Tel
Jan
Niagara Share Corp
Niles-Bement-Pond
Nlpiselng
Laclede-Christy Clay Prod
Shore
Lakey
1
Foundry & Machine
Corp of Delaware
1
Lamson
Lane
Wells Co
,
i3y4
13%
common
1
B
19%
Lanston Monotype
La
Salle
Ext
Machine
5
University
La
Tourneau
Line
Material
(R G)
Co
7
5%
Jun
7
May
12
Jan
Jan
44%
Jan
1% >'•
A
ctfs
2
20% May
13% May
29
900
23
24 %
900
19% Apr
26%
10%
11.1/8
2,000
6%
10
18%
—1
ctfs
10%
18%
•
of
66
16%
6T7
16%
15%
'
..
.18%
32%
Feb
31
Jan
May
29
Jun
26
9%
16%
Jan
19%
Jan
7% May
11 %
Jan
1%
Jan
10,500
!J
70
59
11%
Apr
May
May
Jan
109% May
15% Jan
200
90
82%
Corp
Co
Service
Mangel Stores
Manlschewitz
Natural
15
Gas
:ft%
20%: 2 If
1%
Inc
Omar
D'oklep Copper Co Ltd Amer sharesSecurities
1
Mapes Consolidated Mfg Co
—
6
20%
Communication
Marion Power
Massey Harris
McCord
Co
LtJ
19%
Pacific
Feb
Can
Co
common
1st pfd—21
$2.50
McWilliams
Menasco
Merrltt
Mfg
Co.
—
Jan
Jun
•
38% July
55
Jan
I
4%
Messabl
Metal
1
—
——*
preferred.
Iron
1
Corp.
11% May
13% Jan
20%
21%
Feb
387/a May
8% May
45
Feb
24
■lft
Michigan Bumper Corp.
Michigan Steel Tube.
Michigan Sugar Co.
1%
2,900
109
5%'
3,800
May
45
Mar
100
Midwest
conv
dividend
Co.
$1
cum
pfd
13%
13%
iVa%
Co
conv
Penn Gas to Elec
Penn Power &
& Supply
common
Penn
Traffic
3%
Jan
Penn
July
7% July
pfd
25%
1
Morris
Plan
Corp
9
111%
..
__
11%
12
8%
9%
111
116%
122
122%
13
1
of America.
25% : 26%
575
30
1,400
9%
9%
400
11%
14
12%
14
3,400
100
1%
16
8
_.
..
.»
40
6
..
39
40
6
6%
25' : 25
.
1%
6%
50
Pharis Tire & Rubber
Jan
1%
12%
12%; m
193
38%
.
,193 %
38%
200
30%
Apr
41% July
100
200
2,700
„
7%
Jan
110
Feb
46%
30'% May
5% May
21
Jan
101% Jun
Feb
9% Mar
31% Feb
Apr
l7/a
1,100
300
31
112
30
Jan
Mar
31
31%
2,500
6%
300
Jan
87% Mar
Jan
30
6
31
2%
1% May
35
Mar
Jan
116
37%
11%
12
12
12%
1,200
500
Feb
Jan
12%
Jan
12%
12
8%
12
Jun
13% Mar
Jun
12%
Feb
16
Feb
4% May
9%
10
May
Pierce
Governor
24 Va
Jun
33
3%
Apr
12%
Jan
4%
12%
Jun
Feb
700
40%
2,300
38 Va May
41% Mar
36 Va
400
35%
88% Mar
103
103%
130
102 V*
105
Jan
12
Feb
15
Mar
100
26%
Apr
37% Mar
8
27
27
Jan
Apr
24%
"",% ""%
17,100
10 %
6,000
9%
24%
Jun
3%
Jan
12%
Jun
200
31
17%
19 %
45
27 %
17%
29
45
29
Jan
27%
6%
7%
200
2,600
% July
Apr
11
10
Jan
15%
29
May
52%
Feb
13% May
19 %
July
8%
Feb
59%
6
113
5
6
58%
5%
U3%
5%
Jan
80
100
40%
Jun
51%
Jan
50
25%
Apr
28%
Jan
6,500
5%
Jan
7%
11%
Jun
Feb
100
500
60
700
6
1,000
12%
13%
Jun
6
May
2Va May
4%
4%
69
Mines
July
Bess
Feb
&
L
11
9 Va
50%
14
Scale
Feb
Power
Jun
•
6%
50
5
1
7%
7,000
11%
1,000
14%
600
12%
Jun
21%
25
22
26%
2,100
14%
Jan
26% July
7
6% Jun
9 % May
Feb
'
3A
—25o
2.50
common
Oorp of Canada common
1st preferred
"4
2% May
~\k
Feb
6%
2% Jun
10
May
.44 % Apr
49 Va Apr
Jan
14%
Feb
46% May
Feb
61
May
11%
Feb
5%
300
4% May
14% May
7 Va
Jan
"4% ~5 Va
1,100
Jan
2,000
3% May
10%. May
8% May
6%
12%
19%
Feb
13%
Feb
35
May
% May
48
80
Apr
85
9%
5%
10
common
Mining Co
Powdrell & Alexander
Jan
Feb
Apr
12% Mar
13% Feb
.
14.%
7%
50
RR
E
Jan
Jun
Plnchln Johnson Ltd Am shs.
Gold
Jan
Apr
Mar
5%
40
900
Feb
5%
Apr
53% May
1,100
Feb
113%
110% May
.
*
common
Pneumatic
29%
7%
8%
40 Va
36
40%
11%
12
Jun
2,100
97%
Jan
13% July
14%
14% July
25%
4%\;.v4'%
5%
Jan
Mar
3 Va May
900
370
4%
14
14
•
100
8
Feb
17
15% Jun
17%
Jan
3%
Feb
Gold Mining
Prentice-Hall Inc common
9%
Feb
Pressed
Producers Corp
Metals
of
43%
——...——*
Premier
—
43%
100
*
*.
America—1
1%
4,700
12%
13%
300
12 Va
38
Feb
Jan
of Nevada
Prosperity Co class B
1
*
Jan
106
Mar
Providence
•
30
Mar
Publio Service
400
12%
1%
1
10
31% May
3% Apr
3%
10
1,300
100
1,300
25
Jun
July
41
10
50
Feb
185
Apr
60
700
Jan
11 Va
32
57%.
38%
Jan
20%
700
59%
May
2% May
11% Apr
185 % Feb
July
2
Apr
114
49
Philadelphla Co common
Phillips Packing Co...
Pitts
3
I Va
14
Jan
35
48
_50C
com
Jan
Pittsburgh & Lake Erie
Pittsburgh Metallurgical common
Pleasant Valley Wine Co
400
10% Feb
15% Feb
8% July
9% May
10 Va
Jan
122% July
1% Jan
Apr
% May
114
35
—20
Apr
3,500
110
Feb
124
July
xl06% Mar
.2.50
Pepperell Mfg Co
Perfect Circle Corp
Apr
2,400
7% May
155 % May
4%
13%
4%
__
__
60
1
5%
8%
Jun
10
111
1,000
—
__
40
39
—•
20%
?:4 %
Jan
Jan
82
Ml
May
6% May
41
41%
4%
13%
5
pfd— .100
Co
Feb
^,3%
8%
Feb
2%
Mar
9,200
182% 184 %.
7%
Apr
3%
Jan
7,800
16,500
1,300
May
6% May
Jan
6%
1,°0
9,700
24
15%
67%
17%
8%
1,400
400
Apr
3% May
1% May
Jan
3Va
31% May
6% May
May
13%
10%
300
22,700
3A
1,300
4
10
58 Va May
,
—
12%
2%,
~4
Monroe Loan Society A..
Montana Dakota Utilities
Montgomery Ward A
Moody Investors pavilo pfd—
,7f4
90 Va May
Feb
2%
100
"
Feb
Jan
12%
105
1
common....
7%
4% Jun
Jan
3Va
100
Public 8©rvioe common.......'
Molybdenum
Corp
Monogram Pictures
37%
"7%
6% Jan
13
16% Jan
10% Jan
120% Jan
8 Va Jan
10%
12%
1,700
2
47 Va
2
9%
16% July
2 Va Feb
2iya
——1
—BOo
Jan
1
May
——1
1% May
6% May
10%
May
Ltd
13% May
Feb
24
31
Pioneer
4,300
14 % July
Jun
300
Feb
~2%
Mar
14
9% July
10 Va May
100
14 Va
*
Feb
Jan
39% Jan
7% May
1
Pep Boys (The)
111% May
6% Jan
700
15
14%
18
Apr
May
13
1.25
Water & Power Co
20 %
300
50
Missouri
33%
8% May
—I
common
b%
33%
.2.50
Feb
575
-—It
L
33%
Piper Aircraft Corp com
Pltney-Bowes Inc
12% May
7% Jan
10%
13
21% May
72
class A com
Light 4%%
7
50
50c
——*
b
iyB
74
5%
1%
Feb
—
shares——*
preferred
P
__
1%
74
62%
—•
Pennroad Corp common
Penn-Dlxle Cement warrants
Polaris
Mining Corp of Canada
Minnesota
13%
63%
5%
Jan
25,600
*
Refineries
Miller Wohl
12%
62%
5%
400
400
100
300
1,300
3,000
2,400
•
preferred
Pratt b Lambert Co
Midwest Piping
Mid-West
—
Peninsular Telephone common—
13% July
83% Jan
Products—
common^
Abrasive
Oil
6
Feb
3%
Jan
Feb
2%
16
Jun
15 Va
9
12%
200
43
May
13
10%
5,900
Jan
Jun
12
200
700
4%
45
1,000
May
1,600
.
Apr
38
Apr
May
May
9
1,500
9%
Co
Mid-West
6
94%
4,700
1,500
7,500
400
9%
5,
$1
6
16%
1%
3%
10%
15%
Feb
2
Ex-distribution
Corp
15%
1%
3
10%
14%
5%
93
6%
Middle West Corp—
non-cum
7,700
700
200
200
2,000
700
5% May
8% May
1% May
.2.50
Middle 8tates Petroleum class A v t 0.1
Class B v t c—;
1
Oil
3% May
3
30
.10
Midland Steel
Mar
400
48%
..1
Preferred
Mtdvale
1
Apr
15% May
4% Apr
2,800
Mleromatic Hone Corp
$2
May
5% May
1,200
20
Parkersburg Rig & Reel
Patchogue Plymouth Mills
Feb
3,300
5%
13%
14%
15 %
30 %
11 %
13%
Feb
7
4% Feb
2% May
Mar
Feb
50
13%
25o
preferred.
5
Jan
10%
.106
Co
Textile
Jan
4%
1,900
*
—...—0
May
May
500
Participating
Midland
7
2,200
1
common
Chapman b Scott
A
Jun
25%
Warrants
6%%
6% July
21
20%
•
Natural; Gas
Jun
Jun
Jun
.
Dredging
13%
——•
Page-Hersey Tubes common
—•
Pan American Airways warrants—
Apr
2,100
Feb
*
Service
23%
*
Mead Johnson b Co
Memphis
Puolio
16%
10
15%
41
__
35
•
1st preferred
Ughting $5 preferred—
13
—*
Corp common—
preferred
__
93
5
common
600
___10
11% May
5% Apr
500
Jan
Pantepec Oil of Venezuela Am aha—
Paramount Motors Corp
——1
Parker Pen Co
B
——It
Shovel
__
15%
Jan
1
Marconi Internat Marine
300
16% July
113
2,700
16%
July
Jan
•
Co
16%
1%
3%
$1.30 1st preferred
100
July
12 Va
20
Overseas
5%&
600
13
10% May
—*
1
1%
——1
1%.
12% July
'100
8,200
10
13%
——1
Distillery
Pacific
6%
,
.—10
warrant*—;
common
(The B)
5
...
Co
optional
2 100
6
10%
100
preferred
4%%
Power
Polndexter
Paclflo
Sugar
Jun
4
__
__
40%
Power common
.Oliver United Filters B
■
325
Feb
Feb
27
3%
41
12%
13%
14 Va
30%
10%
184%
Oklahoma
"S
Public
12%
14%
1
Old
Jan
22,500
24%
Jan
43
_.
*
Ohio
Feb
May
100
18 Va May
200
5%
__
common.—
—BOo
Ohio Brass Co class B common
*
M
Mackintosh-Hemphill
3%
0
1
Pacific Gas b Elec 6%
Maine
13%
6
17%
8
Ogden
Jan
5 %
1,400
Apr
138%
Jun
O
Jan
11%
x21
n
18%
Jun
3,300
10%
V %
■
:
—
—
ManttU
12%
13%
Feb
8% May
25% July
150
114%
Jan
Mar
Jan
i
500
.18, %
10%
18
24
22% -22%
6% Kl -
%'j^2
75
75
dep
dep
Louisiana Land b Exploration——1
Louisiana Power b Ught $6 pfd
Lynch Corp
13
12%
Feb
-Hi
30
Mar
May
400
17%
28
.—1
of
B
1%
24
——
preferred
3,200
If/2
22%
12%
11%
14
.
Jan
7
9,%
16%
5
preferred
6*
Jan
July
600
*
Common ctfs of dep
30
18
U
•
Chain
Jan
21% May
12% Apr
400
July
600
_—————*
Steel
Jun
20
34
23
Corp
—_—
-——10
Upton (Thos J) Ino 6% preferred—25
Class Bh
9%
Jan
Apr
23%
Lionel
Locke
6% May
15%
50
.18
-
.
$0 preferred
North American Rayon class A
Feb
8
8%
1%
5
Logansport Distilling Co
Lone Star Gas
Corp common
Longines-Wlttnauer Watch Co
Long Island Lighting Co—
500
Apr
17%
1
A
Feb
6% '"57
-
25
Ut
15%
44
1
—
Feb
5%
1,600
'
17%
•
Inc
Brothers common
Loblaw Groceterias class
ii
.
5
...
Lefoourt Realty common
Prior preferred
Leonard Oil Development
14%
30%
II
•
800
May
11% May
2,100
IV*
Langerdorf United Bakeries class A__*
Class
14 y4
V7%
8%:'A8%
18 %
20
7%
5
Mines
North Amer Light b
12
22%
12%
•
Class B common
—*
North American Utility Securities
•
Northern Central Texas Oil
1
Northeast Airlines
—1
North Penn RR Go
ft#
Northern Indiana Pub Serv b% pfd.104
Northern States Power class A—
M
Northrop Aircraft Ino
——-1
Noradal-Agene Oorp——
*
Vt*
5
Mines Ltd
50
__
•
1
Electric
Noma
Lake
114% 116%
1
class B com
Nineteen Hundred Oorp B
*
37
650
Jan
18
>
Watch Co—*
4%% conv preferred
>0
New Jersey Zinc
—SO
New Mexico b Arizona Land.
1
New Park Mining Go
1
New Process Co common—
.-*
N Y Auction Co common
•
N Y b Honduras Rosario
10
N Y Merchandise—
—10
N Y Shipbuilding Corp—
Founders
shares
1
Niagara Hudson Power common
1
5* 1st preferred
100
%% 2d preferred
100
Glass B optional warrants—
Feb
14%
..
New Haven Clock b
Jan-
"-4%
25'
1
Co
26
108
•
Kobacker Stores
New
46%
111',:$%
1
Feb
80
:
4%
10
Feb
26% Mar
250
12%
lil
9%
125%
54
-
15
13
1
Klrkland Lake G M Co Ltd
Klein (D Emil) Co common
Klelnert (I B) Rubber Co
Knott Corp common
Brewing
10*8%
Jan
33%
Steel
National
Neptune Meter common
Ntsle Le Mur Co class A
8% May
400
108%
100
preferred D
King Seeley Corp
Kingston Products
Kirby Petroleum
Krueger
'^1%
10%
-
4%%
preferred
Kings Co Lighting
10%
.
,
*
Car Ltd
•
National
Transit
11.10
National Tunnel to Mines common-—1
National Union Radio
10a
Nelson (Herman) Corp
>
Jun
May
6% May
common—
Kimberly-Clark Corp—
May
July
July
123
-
■
(Walter) to Co.
Bit
7%
—
Kennedy's Inc
Key
-
—*
1
,
.1
2
4
National Rubber Machinery..
Jan
K
Kalser-Fraser
10%
—II
...
.
National Malllnson Fabric*
National Mfg to Store* common
National Pressure Cooker com
National Radiator Co
Feb
7%
•
1
I
*
..
...
National Fuel Qaa
-3%
2%
2%
Jan
2 200
—
Jan
Jun
3%
Apr
8%
10%
N
1%
22%
4%
14%
High
1%
10
16%
Jan
2
National Breweries common...
Jeannette Glass Co common.
Jefferson Lake Sulphur Co..
Low
2 300
■»%
■
.,
1,900
1%
2
Jan
30
Range Since January 1
High
32%
*
15%
1%
10%
114%
600
6
Low
1%
Jan
29
May
9 % May
12y8 May
1,100
5
Shares
States
Mountain
% July
11%
1,800
*
for Week
Power common
-.*
Mountain States Tel b Tel. ——IN
68
Sales
Range
of Prices
Par
Mountain City Copper common.,
Ii
Mountain Producers
—It
Jan
21
10% May
liy4 May
100
Safety Razor B—
International« Utilities common
International
Jun
45 % May
25
Apr
5,100
12%
14
14 %
12%
12'/a
10
16%
1,200
11%
•
Products
400
Week's
Last
Bale Price
Exchange
Curb
High
Lots
17%
York
New
Range Since Jannary 1
High
17%
Preferred $3.50 series
—50
International Metal Industries A——*
International Petroleum coupon shs__*
Registered
Friday
STOCKS—
for Week
of Prices
Par
International
JULY 18
Sales
Last
Sale Price
Exchange
EXCHANGE
FOR WEEK ENDING
RANGE
(289)
11
Feb
5%
6%
Jan
15 Va
Jan
194
July
39
Jan
5%
Jan
1st
1%
Feb
3%
1st
Gas
of
9% May
iy8 May
12
8%
Jun
Feb
1%
Jan
Mar
12%
Jun
2%
Feb
17%
Jan
9% July
Apr
Colorado—
Jun
109
Jan
111% May
119
Mar
106%
100
100
preferred
preferred
112
112
102
20
Puget Sound Power & Light—
I
$5
prior
preferred
£ Puget Sound
I
*
Pulp to Timber
Pyle-Natlonal Co common
Pyrene Manufacturing-
—
*
•
5
102
32%
xlOl
Jun
110%
Jan
102%
200
30%
32 Va
400
25%
Jan
32 Va July
11 Va
11%
425
9%
Apr
14%
Feb
May
11 Va
Feb
8
4
X&i
33
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW
YORK
range
Week's
Friday
York
Curb
Exchange
CURB
week
EXCHANGE
ending
july
18
Sales
Last
Range
of Prices
Friday
for Week
Sale Price
stocks—
New
for
Shares
Par
Low
Monday, July 21,1947
stocks—
Range Since January l
High
Low
York
New
Curb
High
Co
•
90%
—100
158 va
:
Quebec Power Co
89%
90%
600
157% 158 Va
110
85
May
May
May
155
*
15
96
Tlvoli
Feb
Brewing
Tobacco
18% Feb
Co
Allied
&
Stocks
29 Va
Raymond
36
Raytheon
Reed
Manufacturing
Roller
Bit
15
Rice Stix
29%
Dry Goods
~9
13,300
6%
Feb
Jan
55
Jan
13%
Jan
1,900
18
23%
25%
25%
4%
5%
5%
6
625
Feb
Jun
,
8
Feb
20%
Rochester Gas & Elec 4%
Roeser & Pendleton Inc
Rolls Royce Ltd—
pfd p
100
32%
6%
dep rets for ord reg
Rome Cable Corp common
Art
Metal
Root
Petroleum
—-1
100
25
2%
5
14%
14
14%
1,300
13%
17%
1678
17%
2,400
14
47/a
;5%
1,600
Union
Feb
Investment
Union
Oil
of
Co
$3.75 pfd
2%
Aircraft
14% July
United
Chemicals
17% July
5% July
United
Jan
Apr
Corp
United
8%
12% July
24% Feb
United
465
10% July
3 % May
600
6
3%
14
5%"
600
5%
Apr
United
Feb
11
5%
dep
United
Feb
nj
United
a
$2
conv
•
pref
50
Salt Dome Oil Co—
Samson United
co
Schulte
a)
Inc
3%
Scullin
Steel
rr
Co
2,200 ~
11
10%
11V*.
3%
•
25
Machinery
—1
——23
preferred
—100
Sherwin-Williams
of
Breweries
Canada
Ltd
convertible
preferred-.
Paper Mills
conv
13
13
3%
8% Jan
100
"
11%
1,900
-
151
;
—
•
154
115
♦
115
Jun
10
24
*12%
'
400
v
157
Feb
115% July
27
Apr
11% Jun
39
7
;
7%
7
299% 300
1,500
6%
400
x255
May
Feb
17
4%
100
Jan
Apr
Feb
39%
1,900
5%
1,700
.
25
Apr
15% Jan
8% Feb
32Va
32%
28%
28 Va
29%
700
8%
27%
1
1
20
11
11
28%
28%
—1
■*——
b
2%
(Hugo)
b)
*
*
118
10%
Coal
3%
3%
4
6%
2,800
65
23
23
1
19%
20%
500
1
Westmoreland
7%
Jan
5 %
<r
Brothers
-
Feb
Feb
Feb
Feb
Feb
8%
9%
7
'
Corp—_
——-ri—
Ray Drug common
Superior Portland Cement, Inc.
Superior Tool & Die Co._.
Sun
Corp
*
30%
.
29%.
27%.'
31
600
1,550
25c
May
.-?•
11% May
1% May
13% May
20
May
26
May
t r '7 - Jun
,•
*
15 %
1
3%
15%. 17
3%
'
3%'
625
2,000
10
Feb
Feb
•
25
m
.>
27%
2% May
*
common—
12% May
3 va Jun
12%
Apr
8%" Apr
5% Feb
13%
Feb
17%
Jan
2%
Jan
16
"feb
32
-Feb
33 •' '
10;-
Feb
July
20%
4%
Jan-
14%
Feb
Jsua
Woolworth
Texas
Texon
I—
Oil
For
&
Inc
Land
Co
——.
footnotes
see
9 Va
9%
31
31
13%
15%
100
200
»
page
—
35.
14%
-100
117 Va
11%
11V*
11%
100
.500
13 %
13%
14%
6,200
117% 118
4,000
20
200
Feb
12%
8%
Feb
i Va May
2%
Feb
Feb
8%
Jan
10
105
600
37%
36%
26
130
Jun
18
13% July
.
May
May
130
Feb
8% Jan
113% Mar
6% May
7,300
13%
.»•.
July
32
Mar
37% July
20% July
Jan
20%
18 %
20 %
225
16
16
100
14
Apr
17%
Jan
22%
21%
22%
200
19
Jun
27
Jan
18
18
18
100
13
May
19%
Feb
14%
14%
Jan
V
•100
13% Jun
20 Va
~6% ,~7%
900
14% May
5 Va May
19% Jan
8% Jan
21% Feb
14%
700
17%
14%
"l%
~2%
2
15%
15%
700
1
12
12 Va
Jun
500
Feb
15%
11% May
3,800
Inc
27
May
6% May
.
:
Feb
Apr
Feb
5%
3% May
14
;
700
7%
7
,12%
Jan
13%
113%
Jan
107
1%
ii
108%
Apr
7
Feb
Feb
16%
May
Feb
9%
Jun
12% July
12 Va
Jun
14%
Jan
"2%
May
"3"%
Feb
Ltd—
(f w)
deposit receipts
8i
£1
Hargreaves Ltd_——._
"2%
—
218
2,800
8%
Jan
29% May
10% May
117
8%
Jan
Apr
11 % May
Week's Range
Friday
BONDS
New
Last
Interest
Period
Curb Exchange
York
or
Writing Paper 6s——-—1961;
Amer
Appalachian
Appalachian
Elec Power 3%s
Power deb 6s
Assoc Tel & Tel deb
Atlantic
Bell
Electric
City
9% July
Feb
34%
19%
122
Feb
May
11% July
20%
Feb
,119
117%
;
119%
103
102% 103%
104
104
104
101 Va 103%*
102%- 105%
107
107
106%
1964
3%s__
„
108%
Canaaa—
Telepnone ol
6s
*166
1998
2%s
112%
1970
165
104%
180
115%
165,
112% 112%
1960
Bethlehem Steel
119
102
111%
1955
5%s A
series C
5s
,
High
109%
109% 110%
110 Va
__
Low
100%
NO.
*101
•; jt- f.
1970
2024
Range Since
January 1
Sold
High
—1953
4%s
Electric
Associated
j',':
,
Bonds
Friday's
Bid & Asked
Sale Price
Low
10S1-
,
1
Edison
Boston
„
105% 106
§Central States Electric Corp—
redeemed)
1948
(10% redeemed)——
1954
fAChicago Rys 5s ctfs (part paid).1927
Cities Service 5s—
-Jan 1966
(10%
A5s
—
A5%s
Debenture
Debenture
—1958
5s
5s
—.
1st
ref
mtge
3s ser
.1977
P
2%s ser
ref
19R9
—
1—
Debentures 3s
Consol Gas El Lt b Pwr
mtge
Gen
mtge
Gas
Lackawanna
1st
mtge
Gas
to
82%
84%
84
84
76%
77
F-A
^:-l
A-O
103%
103% 104
103 Va
ar-q
106
105% 106
91%
91 Va
105%
j-J
105 Va
.
91%
105%
May
J-J
V
109"
104%
105%
110%
114V81
117
116%
119 Va
117
If-N
107%
104% 106%
113% 114
$105% 106 V*
113%
105!-"
*104% 106%
90%
92%
M'
107% 107 Va
«"
-1965
's&mr
103%-lift"1-
-—1954
—1993
1993
57%
104% 104'%
Division—
4s ser B
Fuel 3%s_
64}
'
104%
1962
Western RR—
d **
M-8
(Bait City) —
of. N J
"
86
68%
1981
mtge 4s ser A
A 1st
Eastern
82%
M-S
.—I960
Q—
1976
4%s
Delaware Lack b
J. J
(Bait)—
ref 2%s series R
Consolidated
III*
1%
10
2%s conv debs—
2
common,
Power & Light 1%
pfd
Textron
1
•
Inc
2,450
;.
•
100
pfd—
Cement
1st
IIP
Taggart Corp common
Tampa Electric Co common-
5%
25
w w
l 4Va%
3%
Jun
25
37
1
preference
Wright
8%
19
1
common
1st
'
Technicolor
Feb
14
Apr
2% May
2,400
100
2,700
130
•
Elec common
b
3%
Feb
29%
Jun
6%" Jan
200
1%
111
10
Inc
Products
preferred
Feb
77%
May
1,700
~1% ~2
7%
13%
10
b Co
Oil Corp.—
c>
b cq
Feb
17% May
...700
•
400
Jen
4%
3%
5
2% Feb
Feb
Feb
-9%
-
7%
—1
3%
3%
1%
20
—
Wichita River
8%
12%
3%
:
12%
11% May
400
5
1
Feb
"130
.7%..
i——
1,700
2,400
7%
1
Jan
3%
1
common
6%
3%
13%
19
-8
Petroleum
4
1
5q0
7% May
3% July
2%
—1.25
preferred——*
Inc
(wm)
American
14%
50
126 Va Mar
Jan
8% May
1
Whitman
32% Mar
May
% Apr
3% May
4 % May
1,300
6%
May
5%
4% July
9
6%
May
94
110
—
Weyenberg Shoe Mfg
Woodley
July
13%
100
900
•
——
Sunbeam
Finch Oil
10
118
9%
*
Corp.——.—
Co
Westmoreland
Industries
20%
Apr
1% May
1% May
3,000
Utilities $6
Woodall
Jun
2%
May'
May
'*
common
Co
West Texas
Portland
•
Sterling Engine Co
Sterling Inc
(j
2%
3%
—1
Baking Co warrants,
Aircraft Corp—Wentworth Manufacturing
8%
*
27%-Jan
'
Sterling Aluminum Products—
Sterling Brewers Inc
co—
Wolverine
36
9%
7,200
8
60
3%
30
Watch
9
May
17% Mar
200
1,500
22% Mar
25% Jan
3
3,200
1
:
Stop & Shop Inc
pfd
cum
Ward
p
8% Mar
l%'Apr>
50
,
21
10%
13
1
Wisconsin
14% May
150
1
Corp
Steel Co of Canada
Stinnes
4%
3%
20
1
■
$2
Waltham
Feb
30
1,500
32%
1
—
V"'-
1,800
20
3
900
6%
6%
Waitt & Bond Inc
Wilson
30
4% May
20
Co
class
4 %
Jan
1,200
—
29%
Jan
200
2
4%
3%
10%
3%
—_•
Apr
33% July
Jan
6%
18%
32
10
common
—
'
Feb
35%
16%
32% Mar
May
May
May
23
.
Jan
23
W
Williams
45
7
800
400
Feb
34% July
22%
Wagner Baking voting trust ctfs ext—•
7% preferred100
Jan
7
29% Jun
28% July
800
26 Va
104% xl05%
—.—-—
-Waco Aircraft Co
33%
Jan
800
Apr
"
Willson
Jun
6%
1%
*
b—
.
8%
28
6
3%
Jun
26 Va
3%
Manufacturing
Vogt
Feb
41
1,700
6%
Light—
-r
Stetson
40
32%
•
Co
900
2,200
44%
May
3% May
27
May
27
10
i.
Tube
9
—2.78
Corp
Products
(The)
5
•
preferred
&
Preferred
1,900
5
(Ky)
class
8
—*
$1.60 convertible
standard Forgings
Power
6%
-10
:
Convertible preferred
Standard Dredging Corp
Standard
8
25
Brewing Co
Standard Cap & Seal common
Oil
3% July
25
Standard
Standard
2% Mar
4%
2 Va
300
*
Petroleum
Apr
2,700
32%
2,100
22
10%
102%
3%
4%
2%
3%
22%
Western Maryland Ry 7% 1st pfd—100
Western Tablet & Stationery com—;—*
3%
31
Apr
Feb
82
34%
25%
common—
Apr
3%
32%
18%
2
600
2,600
19% July
Jan
Apr
7% May
3% Jun
.
Feb
89%
2,500
2%
87 Va
32%
57/a
24
9%
5
3%
Jan
10 % May
15
—
West Virginia Coal b coke;
i
July
9
Feb
312
Jun
5
Jan
8%
.
May
9%
Feb
200
—
Venezuela Syndicate Inc
Feb
Feb
10
Feb
Jan
17
Jan
14
11%
12%
14%
17%
11
14
49% July
23%
500
2,200
2%
Oil
Co
Feb
Apr
May1
May
May
11%
15%
2%
Feb
71%
87/a May
11%
Feb /
4%
May
9% May
130
May
106 Va May
27
-
May
45%
310
3%
13% Mar
Jan
62
14% Mar"
19
650
49%
Apr
293% Feb
12% Jan
2% May
400
'
152
Feb
Winnipeg
Stahl-Meyer Inc..
Swan
.
44%
preferred
&
,
3%'
19% x20%
19%
Venezuelan
Feb
2
300
Feb
7%
V
Jan
4%
•,
10
Southern Pipe Line
(Si
11%
13%
2% May
i
Apr
200
28
255% May
1 Va May
1,475
86%
Valspar Corp common
$4 convertible preferred
Mar
5% May
200
1%
Apr
14
"2%
Warner
12.50
preference
Southland Royalty Co
Spencer Shoe Corp.
St.roock
400
3%
11%
~3%
1
Southwest Pa Pipe Line
Southern California Edison—
5% original preferred
&
90
Va
1.
common
Coast Corp common
South Penn Oil common
(a)
80% Jun
3%
Jan
277/e
Feb
1
Manufacturing
Stein
Feb
1
South
Standard
89
•
Sonotone Corp
Starrett
May
1
Manufacturing co—
Standard
78
100
Solar Aircraft Co
.Common
300
"
17%
Feb
25% July
17
Utah-Idaho Sugar.
Utah Power b Light common———
Feb
£1
—
:
21%
1%
12%
i
dep rets ord regis
Sioux City Gas & Elec co—
3.90% preferred
cum
May
~6%-r6%
u%
46%
Feb
13
3 %
—100
Amer
4.32 %
3%
1,850
89
Mar
4% Jan
May
Apr
24
2
•
Simplicity Pattern common
Singer Manufacturing Co-—.
Singer Manufacturing Co ltd—
Feb
19
•
Simmons-Boardman Publications—
21%
200
*
common
Products
13,600
87
88
——•
common
Universal
Feb
Jan
Jan
72
Apr
7 Va mar
1,100
70
common—
Jan
Jun
18
45
May
16%
30
.
2%
12%
Insurance
22
17%'. 19%
50
11%
with warrants.
Consolidated
4'a
May
2% May
,
1st preferred
United Stores
13%
17
7,700
t—1
Sherwin-Williams
4.48%
300
3
8,900
Jan
34
14% Apr
19% May
2,100
14
Universal
37%
29
50
Apr
7%
% May
4,700
25
62
Jun
27/a May
26
Mar
10
common
Universal
Apr
'
17
68%
69
b
class
Apr
May
Jun
102% May
4,000
24
.
2
common
2% May
8
104%
50
~4%
16
-
Specialties
Jan
6%
Apr
255% 256
common-
u s Radiator
33
Jun
29%
$5
7
22%
Canal-
b
Feb
2%""' 3
1
1
3%
600
17%
21
2%
—1
Shattuck Denn Mining—
;
;—3
Shawinigan Water & Power———*
Sheller Mig co——:——
Boss
'"
2%
8
Seton Leather common.——.
(Howard)
3
17%
1
stock
5,600
Feb
2% Mar
*
3%
1
Sentinel Radio Corp common
Sentry Safety ControlSerrick Corp class b—
6%
6,700
4%
.
July
5%
x25% May
35%
Industries Inc common-
10
Jan
24
u s Graphite common
u 8 and International Securities—
3% May
4%
•
prior stock
Allotment certificatesSemler (r b) Inc—
:——*—
Smith
300
34%
—
$5.50
Solar
5
~4%
Jan
Feb
9%
»**<*
43
Feb
11%
Ltd—
u s Foil
Co
Feb
3%
2 Va May
6 Va may
25
22%
;
13% Feb
2% May
1% May
35%
Segal Lock b Hardware
Selby Shoe Co.
$3
4%
6%
700
200
~4%
1
8ilex Co
3%
2%
1
•
Sick's
6,800
3%
2%
28
common
4%
10
7% May
27% May
:—•
Securities Corp General—
Seeman Bros Inc
Convertible
9%
9%
1
:
Manufacturing
Selected
1,400
1
common—
Scovill
Co
6,100
3
common-
(d
13%
38%
1
Corp common
Savoy Oil Co
Sayre & Fisher Brick Co
Schlif
12%
37
12% Feb
7 Va May
rets ord regis
Shoe
United
13
37%
Jan
100
~~%
16
—
common
Preferred
Lawrence Corp Ltd
300
36%
Profit Sharing—.
preferred
10 %
Class
Feb
7%
17,300
:
Molasses
Amer
Mar
"
Products
Milk
Preferred
Feb
6%
Jan
Jan
32%
56
"4
com—
United Gas Corp common
United Light & Railways
187/a
Feb
2% /
"~%
Apr
1,500
3 Va
Jun
9%
"
36%
Apr
4%
Jan
4% Mar
8%
7
8%
warrants
Corp—
Jan
United
St.
9%
Elastic
6%
5%
400
Feb
1%
4% May
9% May
common
15
1
10%
114%
27
103% 103%
15%
6%,
1,900
Omaha_
2,100
6
3,000
6%
•
Products
7,100
4%
2%
6
May
Calif—
Yards of
12
6%,
2%
6 %
series a
20%
•
Jan
Jan
xl07 Va Mar
5% May
11
1
600
Co
19%
1.28
Jan
2%
1 Va May
3% May
1 % May
2,100
4%
2%
11%
II
12%
U
19%
n
Jan
103
May
110
1%
4
Corp..1
1
Russeks Fifth Ave common
Ryan Aeronautical Co
Ryan Consolidated Petroleum—
Ryerson b Haynes common—
79
'
Realization
Ulen
31% Mar
Jun
3%
*
270
1%
1
10
Co
Rotary Electric Steel Co
Royalite Oil Co Ltd—
Jan
63%
Apr
1% July
1,600
4%
warrants
Inc
United
8
Jun
105 Va May
1
80c convertible preferred
107% Mar
Mar
2
,
Jan
7
10%
1%
96
100
Tung-Sol Lamp Works
£1
Works
Roosevelt Field Inc
1% May
103 Va July
130
Jan
17%
Apr
5% Apr
—
Corp
Union Stock
Am
Ronson
1%
94%
Tri-Continental
Feb
30 V*
30%
July
12
49
Jan
3% May
103% 104%
103 Va
—•
40 %
22%
'
■
Feb
400
5,100
High
Jan
12% May
V8 Mar
14% May
22
May
5,100
2
1%
2
300
*
Trunz
Rio Grande
—1
6%
6%
Unexcelled Chemicals Corp
Union Gas of Canada
Valley Gas co—
(Texas Corp) vtc
400
33
Jan
2
6% May
18% May
100
6%
.
17%
1
—
21%
21%
"i v*
•
Richmond Radiator—
31
38%
51
800
~8 Va
8 %
Engineering—.—8
1
Feb
29% May
200
X36%
—
•
&
19%
15 V*
Trans Lux
Jan
Apr
1% May
27% May
1,100
—*
100
.
5
Co
Electric
5%
15%
200
•
common
2% May
450
1%
1%
•
Regal Shoe co
Reliance
22,600
18
17%
_
Concrete Pile common
$3 convertible preferred
4%
3%
17%
dep rets ord regis
dep rets def reg
Shipyards Corp
Toledo Edison 6% preferred
7%
preferred
Tonopah Mining of Nevada
Amer
Todd
,
50
*.
■
<
Amer
R
Low
40%
16%
17
Range Since January l
High
40%
1
Tobacco Security Trust Co Ltd—
Radio-Kelth-Orpheum option warrantsRailway & Light Securities
Voting common
10
Railway & Utility Investment a
1
Rath Packing Co common
10
Shares
Low
Roofing Inc
1
Tlshman Realty & Construction——1
Jan
170
for Week
3
common—
Tilo
—
Sales
Range
of Prices
Par
Shovel
Thew
Quaker Oats common
6% preferred
Week's
Last
Sale Price
Exchange
Volume
166
Number 4613
THE COMMERCIAL & FINANCIAL
CHRONICLE
(291)
NEW
YORK
RANGE
Friday
BONDS
New
York
Curb
Last
Period
Sale Price
Par
Elmlra
Water
Finland
6s
Lt
RR
ft
Residential
6s
Mtge
1956
stamped
Rower
Hygrade Food
series
6s
Indiana
A
Jan 1949
5s
ref
&
1950
5s
105
1043/4 105
J-J
A6%s series
A6%s
A 7s
103 % 103%
J-D
135%
1104
coup)
1959
coupon)
Power
5s
Debenture 6s_
35
1957
JS
100%
J-J
84%
J-J
1°*«
j-n
Kansas Gas & Electric 6s
2022
US
Kansas Power & Light 3Vis
McCord Corp deb 4%s
1969
J-J
1960
r-a
Midland
at
Milwaukee
4%
Gas
Light
4%s
1
33
30
Jtf-8
1961
M-N
Ltg 4s
2004
J-D
3%s
1968
A-O
N
&
Westchester
Power
1st
mtge
.
mtge 3s___
1971
10
33
Pacific Power & Light 5s
1955
Lexington 1st mtge 3s
1964
Pennsylvania Water & Power 3%s_1964
3JAs
1970
111
110
5
102
J-J
Power
M-S
<
Corp
53
A20-year
60%
103
107%
104%
105%
3
1073/4
1
101%
1959
6%
perpetual certificates
Queens Borough Gas & Electric—
series
Ban Joaqum
Scullin
4
105%
6
102
104%
1
77
102%
84
Southern
mtge
Counties
105
mtge 3s
Southwestern
Gas
AStarrett
5s
(Calif)
or
A-O
ALima City
Maranhao
104%
1
120
U-N
..1953
...
(Peru)
to
■
t__
F- A
23
106%
106%
4
104
108
116
U-S
U-N
124%
5s
1950
11033/4 1043/4
A-O
1966
A-O
115
115
115
74
71
1940
139
44
33
A-O
1949
J-D
J-D
149%
120%
J-D
to
•No
2%s„.
18%
28
34
I
30
45%
;
52
52
*3
45
52%
55
50%
53
25%
25
2
37
32
2008
US
J-J
1919
J-D
2%
3%
66
23/4
6
1921
J-J
2%
3%
73
2%
6
value,
a
Deferred
n
Under-the-rule
delivery
tFriday's bid and asked prices;
25
sale,
sale,
25
124%
r
d Ex-interest,
Cash
sale,
x
e
1
26
Odd-lot
sale,
Ex-dividend,
89%
38%
116
ABonds
being
traded
f Ex-distribution,
y Ex-rights.
sales being transacted during current week.
no
flat.
§Reported in receivership.
Abbreviations used above—"cod," certificates of
deposit;
40
35
47%
105
1105% 106%
106%
tive; "conv," convertible;
"w i,"
when issued;
"cons," consolidated;
"cum," cumula¬
"M," mortgage; "n-v," non-voting stock; "vtc," voting trust
certificates;
"w w," with warrants;
"x w,"
without warrants.
it?
.
OTHER STOCK
EXCHANGES
RANGE FOR WEEK
ENDING JULY 11
Baltimore Stock
Friday
Last
stocks—
■r
Arundel
Par
,
Corporation
Baltimore
•
Transit' Co
com
1st preferred v'tc
Consolidated Gas Elec Lt
t
v
Co
of
Eastern
Baltimore
Sugars
com
Finance Co
Mt
New
Amsterdam
S
c
Corp
Vernon-Woodbury 6.75%
Seaboard
U
pr
Casualty
Commercial
5%
National
1
73%
13
13
151
150
..10
40
40
16
300
300
20
*
May
-
69
v
Higfi
'"*"25% .Feb
9%
jan
44%-Jan
May
200
11%
153
144 %
Apr
313
83
Apr
81
40
300
1
100% 101
25
2
26%
26%
33
35%
355/s
75
50
45
46
20
Bank
•*
.
4% Apr
22% May
,„_50
...
pfd
;--
41%
41%
100
1
Lines
Inc
for Week
Shares
Jan
13%
Feb
160
40
Jan
295
Jun
315
100% July
24 3%
May
104
Jan
40%
Jan
Jan
Mar
-
29
35% July
393/4 May
41% July
Jan
40% Mar
46 %
Jan
45
Feb
90 %
Feb
Low
•
common
Employers Group Assoc.
Engineers Public Service—.
First
•
*
283/4
21
.,
100
283/4
28%
29%
29%
59%
58%
60%
37%
38%
2,320
27%
27%
29
442
9
20%
333
375/a
*
Range Since January l
Low
High
High
21
—
1
Jan
25
Apr
100
—
.
r
60,
,
r
13.
Stores
Electric
Safety
Hathaway
Razor
Co
-*
Bakeries
1
—15
Isle Royale Copper
Kennecott
Loews
Lone
Copper
Boston
Star
Maine
Theatres
Central
—:
—
.25
Mfg
__
67%
—*
RR
100
common
Corp
9
B
2%
Feb
32 % Mar
Apr
10 %
Feb
3%
40
Jan
3 %
Jun
210
41% May
51%
Jan
15%
15%
36
Feb
67%
70
14
May
58% May
17
67%
78%
Feb
5%/'6%
28
160
28
30%
5% July
200
23
7%
Feb
Jun
32%
Feb
323/4
Jan
125
24% May
43 % May
60'/a
Feb
60
15% May
203/a July
16%
21
80
--
50
51
1
....
40
23 % May
7%
'
.60% July
48%
*
class
'It
3'/a
30%
—
*
/32% Jan
-J:
51% May31% May
46%
—
...100
Works
Mergenthaler Lintoype
Mullins
46%
*
-
Cement
5%
preferred
Mathieson Alkali
—
:
•
,24% Mar
4&0
Jan
24% May"
■■
National
General
Gillette
73%
13
.100
Low
364
235
SS
—
(.*
[
540
6%
25
III
pfd.100
Fidelity & Guaranty
Western
,
19
5
24%
..20
t
America class A
of
18%
-
5%
——
*
v
Fidelity & Deposit Co
Fidelity & Guaranty Insur
■
Power
common
Assoc
High
1
Sales
Range
of Prices
Par
Eastern
Range Since January
'
100
&
"Shares
Week's
Last
for Week
Priced
Low
V
m
c___.
5%
of
Friday
Sale Price
,
STOCKS—
Sales
Range
Sale Price
V
•
Exchange
Week's
--
20%
203%
18
17%
17
17%
18
18%-
32c
41c
92%
94%
350
1%
1%
1,300
BONDS—
Baltimore
Transit
Co
4s
1975
75
75
$7,000
71
July
Narragansett Racing
Nash-Kelvinator
NationM
New
England
North
Old
Boston Stock
Exchange
Friday
Week's
Last
stocks—
"
American
Agricultural Chemical
American Sugar
Refining.
100
100
Tel
American
Woolen
Tel
"
Anaconda
Copper
50
&
Shares
Bigelow.-Sanford Carpet 6% pfd
Bird
&
Boston
Son
&
Inc.—
Albany RR
Ry
100
Boston Herald Traveler Corp.
Boston
/j7%
.5%
& Maine
Stamped
8■%. class B
100
100
-100
1st pfd
1st pfd
stamped
stamped
t.lQ% class D 1st pfd stamped
Boston Personal Prop Trust
Calumet
Cities
Cliff
&
Hecla
4%%
Eastern
Mass
1st
5%
pfd
pfd
84
137
18
59-3/4
30
44%
Feb
174%
Feb
26%
Jan
50%
Feb
188
25
174
31
132%
—
—
—
100
*
7
—
15%
series
100
8
28
8
10
7
10
520
8
420
8%
3
.
~
__
39%
70
4%
5
Jun
15 3/8
300
7%
20
1%
1%
900
83%
125
%
82%
82
Jan
May
Jan
Feb
100
44.
75
75
10
100
page
1%
2.50
RR
1
100
•
-
Corp
Folding
—
50
—
22
25
120
75
July
21% July
"
Machine
—-a.
Inc
.
—
Stone & Webster Inc
6%
Co"
1
1%
68c
90'/8 May
iy8
Jun
34
34"%
313
26 V8 May
22%
632
225
Feb
Jan
1%
Jan
4
177/a May
33%
Feb
121
Jan
1
1,867
Feb
19%
May
21 %
S
Smelting
common
j.
—
&
Min
Co
Vermont & Mass Ry Co
System Inc
(S
400
—
8%
8%
—
—
Jan
39 Va
Feb
267/a
■
Feb
721
208
10% May
17 %
Feb
200
327/a May
40 y4
July
53%
58%
5,376
68%
70
1,025
—
47
47
25
49
49
51%
561
—
49%
49%
50
12%
—
—
May
15%
69%
15
Feb
2>
16
56%
—
Feb
-
14
14%
25
♦
<.4%
Feb
15
25
50
.
Mar
1%
7ya May
133/4 May
40
•
Co
Westinghouse Electric Corp
12
48
39
100
D)
2% May
8
2
39%
-10
Refin
Waldorf
Warren
13
1%
•
Rubber
U
3%
13
2
—
•
preferred
S
•
•
United Fruit Co
:
United Shoe Machinery
U
10
2.50
Shawmut Assn
Torrington
3%
25
.1
i—i/
Rexall Drug,
146
146
■
6
443/4
Jan
16
58 '/a
Feb
July
61% May
71'/a
July
Apr
453/4
Jan
48
May
407/a
Jun
60%
Feb
387/a May
50%
Feb
140
May
15"%
15"%
14%
15
200
13 Va Julv
29%
29%
386
22% May
20
11%
137/a
Apr
146
July
177/a
Jan
18
Apr
297/a July
Feb
Feb
Jan
8%
Chicago Stock Exchange
Feb
Friday
97
Jan
Acme Steel
Corp
Advanced
99%
Jan
47
Jan
Aetna
Allied
Co
Sales
for Week
of Prices
Shares
Low
Low
..10
51%
52%
200
common
—1
8%
S"V4
100
Alum
—5
43/4
Range Since January 1
High
common
Castings
Bearing common,..
Laboratories common
Ball
Range
Sale Price
stocks—
Par
,
Week's
Last
393/a July
1% May
Admiral
A__
93'
Jun
14 Vfe May
26c
-
July
18
Jun
Jun
Jan
Jan
7
6% May
233/4 Jan
88
Jan
11%
12% Mgy
39
100
460
500
3,500
July
8% July
10
May
14%
38
—
8
Jun
Apr
7%
38%
37%
May
4%
43/4
23
.
77
20% May
354
7
10
50%
July
200
10
19%
135
39% May
57% Feb
413
39
140
Jun
535
-
42 % Mar
Jun
Ry—
adjustment
see
35%
May
143/4 May
117-
Associates—
Street
footnotes
35%
44% Mar
Jun
1,377
60%
28
34% May
34% May
149%
5
45%
28
High
3,485
137
44 Va
-1
Mills
Reece
1
632
40 ya
38%....
593/4
100
25
Fuel
prior preferred
6%
For
&
100
10
Mining Co
Gas
100
-
1203/4 122
44%
5
Service
Eastern
377/8
37%
Tel
1
Quincy Mining-Co
RR—
prior preferred
class A 1st pfd
7%! class C
•
405/b
1565/s 158%:-
18
100
25
Elevated
137
*
Boston Edison
Boston
100
38%
&
5
2
Mining
Reece
Range Since January
Low
425/b
40%
37'/a
Colony
Pacific
High
42%
157
Butte
1
a
Pennsylvania RR
for Week
Low
•
American
i
Range
of Prices
Sale Price
Tel
Assn
Cos..
Sales
'
Par
Service
5
200
10%
10%
350
19%
20%
600
46
Jan
6% May
High
523/8 July
10 % Feb
43/4 July
7%
Feb
Jan
ll3/4
Feb
Jun
20% July
9V8
17
<
98%
27
90
'
-
25%
90
__
90
2012
dividend,
par
29
16
__
.fj
47%
J-J
1940
1931
1972
reduced
94
27
149%
A-O
75
1
Industries—
stamped
United Electric Co of N J 4s
Af-N
1947
.
170
•"
2nd
1947
\
96
21
19
45
g Ex-stock
•
88%
—
19
116
,
__
J-D
104%
——
76%
44
90%
92
1951
105%
107%
101
1107% 108%
95
t~
-
J-J
2008
ARussian Government 6%s
A5%s
1073/4
76%
A)
2%s
Rio de Janeiro stamped (Plan
A)
Interest reduced to 2%
107%
4
78
22
6
.
1952
6%s stamped 1958
(Plan
reduced
Interest
108%
100%
j
High
j
Mortgage Bank of Denmark 5s
Parana stamped (Plan A)
*
121%
97%
Low
—
44
(issue of May 1927)..
(issue of Oct. 1927).
AMortgage Bank of Chile 6s
106
108 %
r-A
No,
—
44
A7s
170
Range Since
January 1
Sold
„
77
172%
J-D
—1955
1
stamped
Interest
108
159
»_
104% 1053/b
U-N
Bonds
High
172 %
J-J
1948
AMedellin 7s stamped
4
105% 106%
106 % 106 3A
104
J
April 1946
.
84
Friday's
Bid & Asked
Mortgage Bank of Bogota—
120
J-J
..1970
trust
(Hugo)
A 7-4s
106%
A-O
.1989
Corp—-•
Last
Sale Price
(Col)—
,
5s
109
—
3d stamped
Stlnnes
M-5
1970
3%s.
5%s
106%
—
__
120%
101%
Week's Range
Interest
Low
Danzig Port & Waterways—
AExternal 6%s stamped
104%
__
120
199%
1963
3%s
Elec
&
1106%
Af-3
A-O
1971
Corp inc
(Hugo)
A 7-4s
Gas
3s
5s
collateral
Stlnnes
M -N
115%
104
108
Municipal Loan—
107%
161
80
110
105%
1073/4
1103
■
Jan 1947
106%
1053/4 1053/4
1951
»
Spaldlng (A G)
1159
104%
63%
1120%
Friday
12
106%
1952
3s
Gas
J-D
P-A
Exchange
7
1107% 108%
A-O
Corp 3S.1981
Edison
California
Southern
1st
lnc
California
Cons
External
107
106% 108
1C-N
■
1952
Lt & Pwr 6s B
Steel
Southern
■
A
Safe Harbor Water Power
1900
1989
7s
External
109
Public Service of New Jersey—
5 %s
5s
(see Mortgage Bank of)
Valley 7s
Danish
103
107%
84
103
77
109
1107
A7s
4%s B
(Can)
2
102
1063/4
A-O
Agricultural Mortgage Bank
A
20-year 7s
104
106% 106%
J-D
High
104%
1
80
1107%
Period
111
3
J-J
2030
*
1U%
1
102% 102%
r-A
Park
5s
76
J-D
42%
107% 107%
A-O
1964
New York Curb
94
60%
107
103% 103%
78
BONDS
102%
78
1103% 104
107
Low
102%
Foreign Governments & Municipalities
42
99%
8
1143/4
60%
January 1
No.
42
110% 110%
103
103
A-O
1967
England Power 3'As
Y
37
ACauca
1963
US
3%8
Traction
42
Bogota
to
New
1st
Penn
42
35
1112
103
Power
Range Since
Sold
1102% 103%
A-O
1954
debs
41
31%
Valley RR—
Extended
Ohio
31%
34%
—-
35%
A-O
1950
Water
Bonds
High
43
2
39
35%
1105
Friday's
108%
"a
—.
100% 100%
821/4
84%
1909
Railways (Maine)-
Western Newspaper Union—
Ah conv s f debentures
105%
32%
35
or
Bid & Asked
#
5%s._.:
cons
West Penn Electric
104
106 Va
4
35%
35
1952
102%
&
income
Wash
107%
103%
135%
„1963
.
Altalian Superpower 6s
Kansas Electric Power 3%s
3
37
1952
A 5s
68
104%
40
35%
J-J
56%
104%
134
1952
(July 1941 coupon)
Interstate
35
F-A
1957
P
Sale Price
Waloori-Astoria Hotel—
West
106% 106%
1957
1941
(Aug
series
A 7s
1941
106%
6
F-A
1959
1
E
series
A7s
A 7s
C
(Dec
105%
105
105
M-J*
International Power Sec—
104%
1
3
1963
Last
Period
6s series A
65
2
57
1970
Week's Range
Interest
Exchange
Light & Power Co—
United Light &
84
55
1103
Curb
Loxo
United
124
76
104 '/a 104%
105% 105%
A-O
Indianapolis Power & Lt 3'As
121
77
56%
Friday
BONDS
York
High
161
*
A-O
18
New
January 1
--
t—
J-J
Jan 1949
JULY
1st lien
J-D
1958
B
Service
lien
1st
6s ser
J-J
iuoj
EXCHANGE
ENDING
Range Since
Sold
1121
J-D
1950
d%»
Ouantanamo & Western 6s
Bonds
Low
M-5
1948
Friday's
High
US
1901
Rayon Co 6* *er A
Grand Trunk Western Ry. 4s_
Mountain
or
Bid & Asked
Bank—
A General
Green
Low
CURB
WEEK
Week's Range
Interest
Exchange
FOR
35
<
■
I
1
36
THE COMMERCIAL & FINANCIAL CHRONICLE
(292)
OTHER STOCK
RANGE
FOR
WEEK
Monday, July 21, 1947
EXCHANGES
ENDING
JULY
18
,
"Week's
Friday
Last
Range
Sales
for Week
Sale Price
STOCKS—
of Prices
Shares
Par
Co common
100
—5.
—1
capital
American Tel & Tel Co
Armour &
Corp
Manufacturing
Low
700
14 %
15%
150
7,800
Jun
174%
Feb
Unlisted
<
15'A July
2%
2%
350
3%
Feb
American Radiator
9%
9%
100
9
May
13%
Feb
41/4
4%
50
4
Jan
53/4
Feb
American Rolling Mill
Anaconda Copper Mining
5%
6%
700
Alleghany
Corp
Belden
Co
Mfg
common
Jan
Columbia
Apr
37
Jan
Continental
21
250
18%
Apr
21% July
13%
150
12%
Jun
143/4
^
l
3%
*
....
& St San com.
14%
(George W) Corp—;—
Borg-Warner Corp common
Brach & Sons (E J) capital
14%
500
Feb
200
11% May
13% May
173/4
17
17 Va
Jan
Bruce
L)
(E
Co
Bros
common——
50
300
38% May
49
Gas
&
Electric
Motors
Farnsworth
General
Castle &
40
Mar
50
500
35%
35
Jun
45
35%
18%
19
150
,16%
15%
16
500
11% May
10%
10%
300
34
34
200
Central 111
Cent
W
-
Chicago Corp common
10%
10%
Apr
8%
—1
——
10%
6'A
Chrysler Corp common
2,900
8%
0% May
€0%
200
10%
300
5%
6%
850
71
72
62
Jun
7% May
5% July
40
58%
1,300
—
60%
—2%
(new)
1% May
8% May
19% May
10%
.
May
50
100
64
63%
—•
Convertible pref
Chicago Milw St Paul & Pac v t c
*
Chicago & Southern Air Lines—*
Chicago Towel Co common
—_—*
9% July
30
2,900
10%
25
25
5
Cherry Burrell Corp common
2
2
Corp common
-1
Util common———_50c
Secur
S
&
10
common
Television & Radio—
15%
Coleman
(The)
68
May
58% July
39
39
300
233/s
—5
Commonwealth
30%
29%
31%
650
22% Mar
-25
-*•
Co Inc—
Edison
common
(new)—
Consumers Co eommon
29%
25%
29%
31%
3,200
25%
25%
60
Doehler-Jarvis
Corp .
Domestic Credit Corp class A—
&
Fitz Simons
Jan
27% May
'25
Drive
Four-Wheel
37
300
3%
10%
11%
18
18
19
9%
-10
Auto
—1%
Brewing common
(Peter)
Fox
350
3%
—
-*
—5
Inc.,
of America
Mills
12%
37
—
May
93A
Jun
30 % May
2 3A May
900
Jan
New
Feb
North
York
Corp
Motor
20
Jan
Pan
Jan
Paramount
Feb
Pepsi-Cola Co
2 3/4
10% July
25
9%
Oil
Co
85
Feb
62
July
33%
37
8%
Jan
15 3A
of
9% May
150
21%
Jun
113A
&
Co
20
100
60 3A
400
8%
17% Ju n
20
May
3
May
5%
700
18%
1,800
65
X9
750
28%
400
233/4 May
19
150
16% May
21
18
21%
21%
11%
<61%
11%
11 %
61
613A
*
'21%
21%
21%
5%
5%
Horder's Inc Common
—
—1
Hupp Corp common—
Illinois Brick Co capital.!
common
22
10%
*
-
Warrants
26%
100
(new)
Steel Prod
14
10
Illinois Central RR common
Indep Pneum Tool
1
,
pfd.
-*
Jim Brown Stores Inc common—_—_i"
preferred—
*
—
3
-
8%
—
•;
—
—
Libby McNeill & Libby common
Lincoln Printing Co common
26%
22
12
5
15%
3
.8%
11%
7% • 7%
Feb
Feb
12 3A May
223/a
100
24%
Jun
337/a Jan
5
Jun
5%
5%
12
28%
28%
2,800
•
9% May23% May
9,900
32%
300
9%
Feb
Feb
Jan
27Ya July
25'
400
27%
7%
14'A
31
Jan
33% July
21% May
100
27
800
9%
.
9%
7% May'
107/8 Feb
13%
13%
13%
700
11
May
15%
27%
28%
600
23
May
30Ya Feb
163A
16%
17
76%
76%
14%
.—15
:
14%
21%
23
10%
10%
1,900
3,700
3%
500
25
__l
...
•
23
——.1
common
103A
1
——
33/8
33/a
....
*
Feb
14
13 Ya Mar
17
100
64
77 Va July
200
11% May
17
16
24% Feb
2,200
.
May
77/a Jan
2% May
lOYa May
100
14
Mar
July
Feb
lOYa July
4% Jan
Jan
15
Cincinnati Stock Exchange
6%
Apr
9%
50
'
17
Apr
Feb
350
"
19% May
22%
800
11
15
30
56
Apr
70
v20
Jun
x24
.
20*""
100
350
300
500
650
132
20
Jun
4% Jun
Aluminum
Feb
21%
_7
—1
.*
54%
21%
9
7
7%
Feb
Preferred
8
Jun
17%
29%
18
8%
6%
15
90
21%
150
9%
54
56%
Jun
May
May
11
National Standard common..
Oak Manufacturing
28%
100.
'
1
.5
Pe&body Coal Co class B com—..
6% preferred
—...
Peftn Electric Switch class'A
.10
(The)
Co
50
17% May
63
400
49% May
43
37% May
45
—
28%
750
25%
Apr
29%
(new).
Pressed Steel Car common——
150
8%
Apr,
15
23
500
21
Apr
10
148
Packing common
Sangamo Elec Co common
7
103
10%
73%
105
6,500
3,050
:
7% Apr
5% Apr
270
93
Apr
180
9 %
110
Jun
24%
May
26%
Mar
12%
12%
100
90
90
310
29%
30
26%
250
39
40%
2,000
12
12
12
317/a
30V2
32%
12%
13
16
7
29
16
.
J.
13%
—
20
4%
Jun
99% Jan
30
Jan
36
12
Apr
143/4 Mar
10
25
8
Jun
14
25 %
132
20
Jan
25 'A July
28%
85
24
Jan
32% Feb
80
53
Jun
69
231
5
Jan
40
Jan
6% July
43
Apr
'55
6%
2
42
50%
24
25
^
5
50
17%
51%
24
.10.
.5
17%'
653A
26
14
14
1
26 r
14%
.50 '
—"
44
47
9%( May
May
65
28
22%
'
Friday
23% Apr
5
July
273A Feb
5
56 % May
673/8 July
26
26% Mar
50
25
3,100
Jun
29
Feb
Apex Electric Mfg
14
7%
800
29%
300
Feb
Feb
Mar
May
6% May
23% May
40% July
12
July
32 % July
9%
34%
Feb
—.
14
32%
32%
19%
20
700
70
150
8% May
30
Apr
173A Mar
17 % Feb
38
preferred
Jan
Deiroit
—
--
•
—
—;
Cleveland Naviga (Un)—5
&
600
Apr
37y4 May
43 %
16%
100
14
May
19
16%
17%
350
15% May
X22
_33A
*10
*10
11%
12%
81%
.
84:,
42%
allOVa alio A
35
35
a48% a48%..
«%
31
650
26% May
33
Feb
Machine Tool commons—5
20 3/4
22
900
16
22%
Feb
General Motors (Un)
—.———10
Goodrich (B F) common
—25
34%
35%
400
31
May
May
373/8
Jan
Goodyear Tire &
24%
24%
24%
200
Jan
26%
Sales-
May
9%
Swift International Co
4% July
13% Feb
July
Feb
Ltd—
deposit
Eaton
.
Mfg
r~4
—
Electric Controller -.7
Firestone Tire &
Rubbei (Un)
(Un)
Halle
—
common—
208 So La Salle St
5
Bros
18%
29
51
50%
51%
290
473/4 May
54
75
Corp—.——.—*
18"%
'29 %
*
2
76%
500
62
May
79% Feb
Interlake
29%
29%
400
23%
Apr
293/4 July
Interlake
20
29%
1,400
14
900
21
May
May
233A
Feb
30%
Feb
—
—
,
—
*
—'
5
--50
.
—
—
—
High.
Low
4
100
200
15
188
Jun
33/4 July
11% May
23
Apr
1493/4 Jun
"50
-
7% Jan
53/4 Feb
33/4 July
16
Rayon
Iron
(Un)
.(Un).
Westinghouse Elec & Mfg common.12%
Wieboldt Stores Inc common
_*
29%
18
19
250
16
Jun
23%
11%
15%
11%
12%
1,350
11
Jun
13%
Jan
15%
153/4
850
11
May
16%
Feb
Jaeger Machine
Kelley Island Lime & Trans
12%
12%
123/4
400
9% May
12%
Feb
Lamson & Sessions
—
.
—:
Feb
17434
103A Feb
25
27% May
32% Feb
3,080
.1,395
11% July
81% July
37
May
110% Apr
12% July
843A July
44% Feb
.495
13
27 %
180
75
;
Jun
40% May
5
tfeb
115%
35
July
54% Jan
6% Jan
5'A
400
50
423AMay
57
"loo"
65
July
42% Jun
<75
5JA
05,
a527/8 a52%
a373Aa38%
a60 % *61
a5x7/a a57Ya
a49% *49%
19
19 A
26%
51A
(19'
26%
51A
20
25
80
249
May
32
May
51% Jan
61
*43% *43%
*J3al3 /a.
34
34
Feb
Feb
,
Feb
39% Feb
65%
Feb
38
49
Jun
713/4 Feb
46
41% Jun
61% Feb
350
50
173A Jun
23
Feb
25
313/8
Feb
161
51
615
13
Jun
Jun
Mar
54%
20
10
10
35% May
9'/a May.
Jun
175
31
382
19
507
113A July
45
Jan
July
Feb
13%
Feb
36%
Feb
Jan
—*
1
—<—1*;
Feb
34% Jun
Feb
Industrial
—*
common
—
common
Co
—
—
———•
preferred
Harbauer
.
—*
..25
Rubber common—*
Gray Drug Stores—
22%
Range Since January 1
120
Jan
3
General Electric
Swift & Co capital stock—
Feb
*52% a52%
5%
Feb
30%
30%
•
Ajt>r
52%
Feb
20
9
113A
82?A
:
-*
(Un)——.1
Consolidated Natural Gas "(Un)__.—15
41/2 %
4%
,o7/
t
43 %
Furniture common
Jan
52
Jun
49% Jan
High
a31% a31%
—1
—1——.100
(New Company): common
4%
33A
14%
'
>
16%
Sunbeam Corp common
16%
38
23
of Prices
al56%al58
..
—*
:
i
42
—
Feb
12 V* May
58
253
Shares
14%
a24% a24%
common..———1
$4.50 preferred
l
Cleveland Elec 111 common.
Jan
Feb
33A
lQt)
(Un).—,
City Ice & Fuel
Cleveland Cliffs Iron—
13% July
16%
Tel 8c Tel
*
—
,
American
x24% Mar
16 %
15%
94%
Mfg
Brass
Akron
Feb
200
10
50c
Alleghany Corp. (Un)."——————-1
American Coach'& Body.————.—.5
American Home Products -(Un).—~1
Apr
150
43
May
6%
for Week
Low
Par
1,300
'
203A Apr
513/s July
905
Range.
Sale Price
STOCKS—
32
1,250
50%
-Week's
Last
4%
Standard Oil of Ind capital.
Stewart-Warner Corp common.
40'A May
Jan
Cleveland Stock Exchange
'
*
/
May
30% May
-8% Jan
550
14
49%
49%
.50
Preferred
11%
1
.25
—5
10
14% Jan
-
202
67%
_J*
4
1
.
Forgings common
Feb
12% Feb
25
42
11
Common
7% Jun
Feb
9Va
6%
1
™
Cleveland Graphite Bronze
Spiegel Inc commoh—-———8
St Louis Nat Stockyards capital
Standard Dredging preferred
—20
7
—
—
«
Feb
11
26
—
71
54
20
55
A—
Feb
18
26
—*
—•
—*
Society Brand Clothes common
.1
South Bend Lathe Works capital——5
572
13
243/4
28
67%
Printing preferred.—.
Jan
21
39
—1
80
28
—10
—
-
Feb
35
8
Jan
800
Signode
*•
—1.——
class
14%
10
Pumps .pfd———
10% Feb
200
—*
Prod Corp common—
Steel Strap-common.:
Sinclair Oil Corp
S
Feb
Jan
88
79%
—
G
&
110
Jan
100
29%
Shellmar
8% -Jun
13
.i.—ii—,
Feb
22%
13
*
Sears Roebuck & Co capital.
Serrlck Corp class B common
Jan
22%
—'.m
Rath
9%
,
13
—
83A
May
35
79%
50
—
—
Rapid
U
20% July
64% Feb
21%
90
1,215
——
_L.
Randall
Feb
__
.i—*•
10
,
75
26% Feb
50
18
22%
1
Quaker Oats Co common—
80
10
Jun
106% Mar
41
81
Feb
21% Jan
Apr
10
Jun
21%
50
2%
108
80
26%
12% May
29% Feb
Jun
28
166% 166%
—
10
7%
105
100
_
Pennsylvania RR capital—.
20%
25
224
108
•
National
13% Mar
16
5
12
27%
26%
27
*
9%
'
—100
—
Lunkenheimer
243/a Feb
30
23
—
.8.50
34% Feb
18
9%
common
22% May
13% July
8% May
43
10
93/4 July
12
July
12
51%
jun
62%
<-20
50
"9%
—
Kahn
Mar
41
173/4
—
111
Corp common
Northwest Bancorp common..
Northwest Util 1% preferred
Motors
Hatfield
Apr
25
Jan
8
3,050
19% May
29
26%
4,200
90
—25
GibsonArt
7% Jan
17
16
12%
Jun
233/s
Yard—
Stock
Union
Drug ———....
Eagle-Picher
,;—
Feb
Jun
5% May
250
31%
May
16
Feb
400
14%
16
128
-
Jan
10
3,600
133/4
33%
16%
19'A
10
19
23
Dow
Feb
19%
31%
16%
—
—2
Crosley
Jan
20%
Minneapolis Brewing Co common—1
Modine Mfg common—»
Montgomery Ward & Co.—
—1*
North Amer Car common
—
—
Street
Cincinnati
Feb
15%
40
11%
31%
13 Ya
_•
Miller & Hart too common -vtc—
33%
16%
—20
.*,
-
Cincinnati
Jan
11% May
6% May
19%
500
33%
Cincinnati Telephone —
...
Tobacco Warehouse-
Feb
Feb
29% July
37»A Feb
20
Mar
28
Feb
•
—
'i———-
Cincinnati
70
8
—
CNO & T P.
Jan-
High
173/4 Jan
29% May
59
20
—
—
Cincinnati Gas common,,.,..—.
Jan
Low
293A
28%
———
Feb
Range Slnoe January 1
High
Low
—293/4
243/4 Jan
Jun
2% May
1,100
Shares
Champion Paper & Fibre..
Chumgold
Cincinnati Advertising Products.
Feb
11
39
9
—
39
—5
Corp capital:
Industries
Burger Brewing
Mar
25
700
50
for Week
Feb
113/4 May
183A May
19
May
BV* May
4% May
100
100
Range
of Prices
:. Par
American Laundry Mach
p
Marshall Field & Co common
>
.
Baldwin
24 y4
Sales
Week's
Sale Price
Hobart "A"
7
*
Lindsay Lt & Chem common——
15%
11%
54%
—
-5
common
Thor Corp
Co (The)
Feb
19s/a
27%
J
Formica
.
La Salle Ext Univ common
10 3A
15
—
1
Kellogg Switchboard common
—*
Kentucky Util Jr cum pfd————50
common
22
5
—
-
$6
Power
Trane
Apr
14% May
500
32
l
stocks—
313/4 Feb
Cbrp (new)—
—
Spencer Bartlett common———25
of
Feb
53/4 Feb
67/8
4%
17
Last
Feb
Jan
18
Werner
Certificates
8% Jan
393A
253/4
113/8
27%
Apr
52
.
23
U S Steel
32
1,500
11%
*
common
If
Feb
23
Sundstrand
5% May
—
600
43/4
Feb
153/4
33 y2
common
Feb.
31
Harnischfeger Corp common
-10
Heileman (G) Brewing Co capital-—-1
Storkline
*
38%
28%
.
cornmon..—...*.
N
Corp
19% July
Jan
Standard
•
July
6lA Feb
253/4
1
com.
———
,
Sunray Oil Corp
United Corp —
Mar
Perfect Circle
Jun
12 3A Mar
Feb
11
Northern
4%
4% Jan
20
West
800
July
9% May
Middle
12%
.5
133/4 Feb
16% May
Co
12
May
53/4
(The)
Oil
Studebaker
Apr
100
&
20% Jan
May
7
5%
.
18
2%
new
Socony Vacuum Oil Co Inc.—
Jan
25%
1,900
Leath
May
10
17%
—
Car
Airways Corp
Pictures Inc
Co
Standard
393/8 July
31% July
18 3/4
Co
12
400
9% Feb
10%
Katz Drug
100
300
9
i_
10
Radio-Keith-Orpheum
Republic Steel Corp common
Feb
17%
A
15%
12
4%
4%
♦
capital
—
Radio Corp of America
65% Mar
133/a
Amer
Pure
Feb
10
Class
Feb
Mar
July
1
Hammond Instrument Co common.
Interstate
42
37%
38
5
Central RR
American
42
27%
Refrigerator Co
Indiana
31% May
Feb
133A
60
8%
common
1
Safety Razor common——
Gossard Co (W H) common
*
Great Lakes Dr & Dk common.
-—*
Hibb
600
—
*
Light
Nash-Kelvinator
21
100
300
20
60
10
Gillette
Hein
38%
43/4
4%
4
23%
1,100
9%
24
2 !4
24
—5
Candy class A
General Motors Corp common—
Gibson
41>/2
15%
Friday
General
5% Feb
17
Feb
26
.
Connell Dredge &
Dock Co common
Flour
11%
10
5
1
new
common
12
200
83/4
l
Wilson
Dodge Mfg Corp
2% May
May
May
900
12
L
Co
Standard Steel Spring
Cities Service Co common—-——10
300 '
4
15
32%
363A
1
Laclede Gas
Jan
44
19
15%
common—1
Biscuit
(AM)
Co
3%
•
—
^
*
Electric
Packard
Carr-Consolidated
High
Feb
350
48%
9%
35%
10
Low
14%
363/4
1
.
Curtiss-Wright
Jan
200
44
—12 ya
common
50
11
48%
48%
*
5
Burton-Dixie Corp
Butler
Jun
10%
—10
5
Range Since January 1
High
31%
10
Graham-Paige Motors
Borg
Loto
Feb
13%
—
2%
Bliss & Laughlin Inc common
20
28
13%
13%
16% July
150
17
Berghoff Brewing Corp
1
Binks Manufacturing Co capital-*.,— _1
20
32
20
'
—
17
31%
—
Shares
7% Feb
4% May
16%
.5
*
10
Bastian-Blessing Co common
for Week
Stocks—
9% May
1% May
Certain-teed Products
Seelig class A conv
Barlow &
Range
of Prices
Par
High
3
-3
Athey Products Corp capital—..
Automatic Washer common
Avco
High
156% 157%
1567/8
14Ys
2%
Sales
Last
4
———.
Mfg Co common
Asbestos
Low
Week's
Friday
Sale Price
STOCKS—
Range Since January 1
Wisconsin
Woodall
Bankshares
Indust
Yates-Amer
common
2
common
Mach
For footnotes
capital.—
see
page
44.
.—.5
-
Steamship
34
*
•*"
*
10
—•
—
—
21%
22%
12%
12 %
10
10 /a
/4
327
9
May
Jan
.22% July
16% Feb
12
Jan
Volume
THE COMMERCIAL: & FINANCIAL CHRONICLE
Number 4613
166
OTHER STOCK
RANGE
FOR
WEEK
(293)
37
EXCHANGES
ENDING
JULY
18
J
Week's
Friday
Last
STOCKS—
Par
McKay Machine
(A G) class B
Medusa Portland Cement
National
Tile
Mfg
RR
57
36
60
6%
16%
.16%
Jun
52
Jan
47/e
100
*
(Un)___
3%
Feb
150
8(4
Jun
21
75
3%
63
& Gay Furniture
Blue Diamond Corp
Bolsa Chica Oil Corp
Oil
Ohio
8
2%
12
4(4
Jun
California
Steel
*
a26% a27 (4
215
a21 % a22 Va
—
Pennsylvania R R (Un)
Republic
50
50
(Un)—
a36Va a36Va
(Un)
Feb
Packing
S
Steel
common
Van
Dorn
Iron
U
White
World
Feb
Consolidated
Jun
54%
Feb
Creameries
a27(4 a30%
310
23%
Jan
31
a74V2 a75%
112
61% May
10
Jun
20%
Feb
35
19% May
29%
Publishing
Feb
34
Jan
20
—*
10
20
a68% a69%
•
....
(Un)
20
20
•
Sheet Xz. Tube
Dresser
Feb
50
13 Va
65
17% al7%
60
53% May
15
May
a
Jun
Iron
Corp
Exeter
Corp
—
Farmers
Ltd
Co
class
Merchants
&
A
Bk
Nat'l
Stores
class
Corporation
Oil
Foods
Car
Exchange
Chicago
Building
Inc
Stock
Exchange
Jade
Lane-Wells
Range
Nordon
Shares
Low
1
3%
Low
2%
500
3%
3%
23
23
Range Since January
High
2(4
-1
400
23
Corp
Consolidated
Consumers
Continental
Davidson
Paper
Power
Motors
Bros
Detroit Edison
Detroit
Iron
Gray
Detroit-Michigan
Detroit
Steel
Navigation
common
2% July
3(4 Jun
Corp
Electromaster.
Gemmer
>
'
Industries
Manufacturing class A__
Class
B
General
Finance
Gerity
Goebel
Hall
:
Hoover
&
Hudson
Hurd
Kinsel
f
Drug
Kresge
.
Co
7%
7%"t
5(4
23%
7%
5(4 >
3(4
5
Motor
Natiohal
13
; T2i%
3%
a22(4
5(4
3%
23
8%
600
3
300
Jan
Jun
4
1st
Feb
Feb
14
•"
4%
Feb
5% May
9%
Oil
100
41
41
14
Apr
-8 %
8%
will
60%
390
8(4
9,865
6%
2,135
11%
24
700
200
222
..
July
May
6%. May
52%
6
So
6%
Rickel
W)___
(H
River
'
:
Metal
Raisin
Jan
8V* July
5% May
6%
5%
10 Va
Jan
221/4
Jun
-
12
'
26%
Standard
Superior
1
-»
■
'
&
United
Western Air
20
Feb
Yosemite
9
9%
Feb
2%
Feb
3
1,495
162
700
131/4 May
May
Apr
1% May
35
Jan
2% May
6%
Feb
Feb
Timken-Detroit
,
'
-
Axle
.1
Udylite Corp
'Union
U
S
Radiator
i
Wayne
23
200
20%
Apr
3
3
880
2%
Jun
5%:
5%
700
5
4y4
4y>
38
38
700
*
...
23
Jun
4
6(4
Jan
34% May
29%
115
4%
2,050
28% May
31/2 May
4
4
200
3% Mar
8%
8%
9
1,140
7%
12%
■3%
3%
168
3%
3%
300
250
1,110
7%
Jan
7%
Jun
9%
Jan
3%
May
3
Jun
41%
'
18%
6%
6%
12%
14
6%
1
13
18%
6%
14
6%
14
150
1,500
3,135
16
Jan
4% July
Jan
9% July
10
Jan
13%
4%
4y«
6
11(4
Jan
Feb
Jan
14
Feb
6%
6
Jun
1,200
10
May
14
1,100
1(4 May
2%
2%
1,050
2
Jan
Jun
July
7
1%
Mar
.
Jan
2%
2%
Feb
Jan
Bandini
Barker
Petroleum
Bros
Corp
Barnhart-Morrow
Basin
Company
1
common.
:
Consolidated
Week's
Range
Oil Co
For
footnotes
__1
*
see
page
44.
of Prices
5(4
5%
1,930
a25% a25%
__
7
55
;
59
62
a32% a33%
—
1
July
59
July
July
110
May
—
,
26V4 Mar
31%
12o
13o
4,000
11c
Jan
17c
45c
—
25c
25 y4
40
48
70c
5,865
45c
July
1.35
Apr
14
May
Jun
Apr
Jan
13%
Jan
34%
Jan
29
28'%
29%
1,236
29%
Jun
25
32%
32%
a36%
37%
32%
1,217
29%
32% July
39% Mar
37%
315
36%
—
45%
46(4
885
61
61
62%
1,471
10%
10%
10%
5,315
35
Apr
.51% Mar,.,
7% Jari
__
__
A—
25
T—
•
•
545
48
a37
Jun
37% July
Jun
40
50c
580
2,027
22%
934
-75
31%
75%
35
7%
8
62%c 62%c
—
13%
13(4
22(4
12%
25
■
13%
12%
—
2
790
11%
Jun '
l
v':
Mar
47
5
Feb
62% July
10% July
19
y4
Feb
10% May
15%
Jan
20
22% July
905
May
-63% May
*■
10
,
—1
Gold
75c
80c
2,900
7%
3,100
S
Mng
3,270
23 (4 May
35
July
323
6% July
10
Jan
65c
Feb
60c
79 y8
Apr
Feb
a5(4
70
4
May
28c
3,500
20c
Jun
50c
Ajar
9c
1-30
3%c
9c
—
a5%
25c
—
9c
1.30
3%c
9c
1,000
5c
Jan
12c
Jun
25c
—~1
Co
'
1
—
25o
—
—....—25c
Unlisted
6%
Feb
—
100
1.00
2.00
Apr
2,000
2%c
Apr
5c
Jan
1,000
5c
Jun
12c
Jan
Feb
Stocks—
Rad
Amer
Smelting
San
Stan
&
Corp
Refining Co
&
American
Viscoe
Anaconda
Atchison
Corp
Refining
Mfg Corp
(The)
Co
Oil
a55j/aa56,8
50
a37%
a37% a38%
14%
Aviation
Corp
Steel
Corp
Bethlehem
Borden
Company
.
—;
Borg-Warner Corp..
Pacific
Canadian
Case
■
(J
I)
Caterpillar
25
—25
*
10
Ry
Co
Tractor
Service Co
Gas
&
a37
Edison
Co
565
,31% May
97
32%
36
60
b
175
19% 19%
29% 29%
a33 A a34 /a
355
%
aQ1
372
/4
a43 k a43 /a
a48 /a a48 /a
—
_.
—
—
*
—
..
7y8
78
24
Mar
Jan
Feb
Feb
Feb
29% July
Apr
39%
May
Feb
96
Jan
55
40(4 May
42%
Jan
46 V* Mar
46%
Jan
100
9% May
34% Apr
15(4
Feb
50
34% Mar
a59%
100
58%
38%
294
24
'Jan
12
480
10
May
12
a25% a25%
a30 A a30(4
3(4
3%
85
24
Mar
20
28% Jun
26% July
31% Feb
1,780
38%
11%
—
.25
Southern Corp—..
33%
Mar
100
£ a^L,4
a59.7
—
—
Apr
17% May
22
85
•
15% July
4% May
125
al2% al2%
a40% a40%
al2%
42
,■
10
May
71% May
a37%
Jan
52% Mar
54
6
—
a43
,
Feb
59% July
173
52% Mar
2,260
.
/a
,8
—
Electric Corp——
&
15%
a95/2 a87
—
5
-*
15
--5
14%
—
5
Company
Jun
35
16%
Apr
150%
—
Baldwin Locomotive Works—i.—-—13
Barnsdall
51%
1,196
14
25
3
11% May
87
*^7 % 157 /a
—
5
(111)
50
al5
&15
a59% a61 %
—
a59%
Topeka & S F Ry Co—___100
Atlantic
Avco
—
Copper Mining Co
Co
•
•
-100
American Tel & Tel Co
Vultee
Aircraft
Continental Motors Corp
3%
Jan
18% May
62 %c May
5
10
10c
Mining Co
Continental Oil Co
Crown
Range Since January l
Low
6%
10
—
34(4
7%
62%c
,
.
Apr
2% May
63
'
Feb
38% July
Jan
3%
Jan
17%
Apr
May
12%
Feb
Jun
41%
Jun
Jun
31% Mar
1
Sales
Shares
High
5%
57%
loVa
Imperial Development Co Ltd
Zenda
Consolidated
for Week
Low
10
57%
*
Jai?
31 % May
211/4
K
8% July
Mining Co
Commonwealth
Angeles Slock Exchange
Par
656
30% May
28% July
Co.—2
Commonwealth'
-
1,015
40
25
Commercial Solvents Corp
111
Last
25(4
Jan
Feb
1,145
Corp
Cardinal Gold Mng
Cons Chollar G &
Bendix
300
1%
Friday
24%
39%
7
"
Feb
21
1%
Sale Price
3% May
-,rw
Feb
Mining Stocks—
Columbia
STOCKS—
1,150
75c
16% July
33%
Calumet Gold Mines Co
Cities
Los
4%
July
May
•
11%
16(4
Portland Cement pfd
Armour &
4%
May
Apr
2%
Products
Steel
33% Mar
'
1
4%
2,700
May
a9V4
Lines Inc....
Amer
4%
7%
Apr
Feb
29%
12(4
'
52 %c May
14
Jan
7
July
3%
7%
180
7%
1
common
9(4 July
23 Va Feb
May
4%
*
common
common
Aircraft
Screw
250
12%
1
Investment
Warner
22
23
5
•/. Tivoli Brewing common
'
22
91/4 July
181/2 Apr
States
Alaska Juneau Gold
39(4 July
Jan
1
;
489
12 V*
54
50 % July
Feb
18
1%
com
16%
—
Universal Cons Oil Co
1
B
16 %
Apr
Jan
32%
-
Feb
2%
Die
1,100
9
16%
Transamerica Corporation..
Union Oil of California common
Jan
1
class
Tube
Tool
44
9%
60c 67%c
25
1
Jan
10
"
Feb
50%
26(4
a9(4
Company
Calif.....
21
Mar
Manufacturing
62% Feb
37'/4 Apr
31% July
32%
of
18%
Apr
May
•
25
50%
25
class
Co
151/2 July
2
__2
.
Apr
995
pfd—
13%
75c
Paper
Apr
Jan
com__25
.
510
150
1
41%
38 V# Mar
54
50
39%
Feb
38% May
12%
4%
Feb
35%
12
—
Apr
9%
2.05
25
200
1,520
2%
28c
Jan
115
65c
Jan
42
—
l.1
Ltd
Co
Textron Inc
May
7,810
Products
1.15
Jun
31%
8%
Jan
14% Jan
5 % May
__
15
Sunray Oil Corp
Feb
Jun
9(4
1
Apr
31%
__
Jan
Mar
5
Feb
3
21/4
Scotten-Dillon
Sheller
a37% a37%
•
Pacific
Oil
1 (4
*
Rust-Prcof
preferred
Bouthern
2 -
...
■
60
—30
....
,
preferred
Calif Gas Co 6%
Standard
iy8
3
12c
•
Jan
3%
95c
9(4 May
100
♦
preferred
Feb
9(4
*
92 % c
323
.5
....
Edison
Jan
9 y4
12
Apr
Mar
3 % May
5,900
36
,.*.1
——
Company—
9(4
V/a
.
22c
36
1
Corp
Calif
65 (4
Jan
1
Stamping
60
a57% a59%
*
common..
16(4
2%
■
1.70 July
Jan
95c
1%
48c
100
a39% a40%
__
2.50
Co
171/4
1%
5
1.00
10
4.48%
July
12
39i/a
*
1.00
17% July
May
1,863
al0% al0%
1
Feb
Feb
19
200
__
—
Jan
May
70c
1,850
4
9%
1.25 'Jan
II,600
•
Corp....
Corp
Aircraft
Southern
Feb
300"
1%
__
1%
25
Roebuck & Co
Solar
Jan
14
4%.
Oil
Ranch
Sinclair Oil
July
5(4
41
.
39%
--
80c
65c 82%c
4
...25
common
Ryag, Aeronatuical Co
Jan
2%
Davis
Parker
preferred
preferred
1st
17
„
75c
__
80c
22c
Jun
Rice
23
Jun
.90.0
....
Feb
1.00 Feb
11
34%
15%
■
265
1%
15%
15,020
667
Richfield
8")
21% July
551
-11%
17
1.70
13%
41
Shell Union Oil Corp
6
4%
«...
18'/a
1.50
13%
40%
Sierra
Trading Corp—
Signal Petroleum Co of California
■60%
-
18
__
1.60
5
40%
common
13% July
5(4-:'
1
....—
Apr
May
1,771
1,311
__25
Elec
&
Gas
21% July
300
10
1
14c
7%
Jan
17%
425
4%
41
•
8%
1.10
1,173
5%
;
2,500
17c
7%
350
Security Company
300
1
Jan
1,825
Feb
7%
common
65c
6%
3%
7%
common
l,100f.
1.40
2% May
1
2
May
21c
10% May
5
....
4
6(4
600
4
.
15c
—
7%
1
...
Safeway Stores Inc
625
Peninsular
90c
1
Sears
61/4
common
85c
87%c
1
Jan
5%
Chemical
Parke,
Jan
...1
Apr
17 Va
Packard Motor Car.
Park
29
1
6%
6y4
common
15(4 May
100
1
27%
May
i7y2
Products
Wheel
395
5
__1
Co
May
5
Oil:
21(4
5
1.35
6c/o
'
Screw
Masco
21
95c
21c
12%
6% May
23
3(4
3%
(
100
550
3,373
»
Michigan Steel Tube
Motor Products J—
Feb
.21
527
1.40
37% July
6% May
5%
12%
21
525
23%
23%
24.i.
LaSalle Wines
McClanahan
Jan
50
6%
;
SX
Feb
1.35
1
6%
common
(S
97%
20(4
Republic Petroleum Co common
5 % °,'o
preferred
Rexaii Drug,
Inc
common
Kaiser-Frazer
Jan
May
13% May
*
8%; fi 9
2%
Car
82
58% Mar
1,300
.^--1
Lines Inc
Corporation Ltd
Oil
Mfg
&
Feb
Jun
May
1,225
10c
____
,
Western
20=%
Bearing..—
Motor
Lock
34
42%
18
88
6%
City
5%%
61% July
*
Feb
26
1.10
Puget Sound Pulp & Timber Co
Jun
1
Manufacturing
65
100
897/a
Pacific
7%'
Houdaille-Hershey
Jan
Jan
*
Ball
Hoskins
•
10
88
Jan
May
—..5
.
Jan
7% May
52% Jan
1.10
Feb
1
Lamp
Feb
9% Feb
14%
17%
2%
8%
...
350
1,10
15%
_1
common.:
Jun
5(4 May
10% July
17%
__1
Co
40
19
^..10
Paige
Jan
1
1% July
35
—__dl
Brewing
Graham
2.05
135
29
*
Feb
July
986
61
60
__
1
30 Va May
61% July
*
Michigan Die Casting
305
Feb
15%
»
Corp
100
common.
13
May
21%
Apr
1
Pacific
Feb
750
common.:
315
Jun
Feb
May
"
90c
150
1
Lighting
'
Motors
315
—
10c
Pacmc
•
General
6,668
9(4
Co
July
410
*
..
1.05
13
1
Jan
5%
19%
1
-
92%c
1.05
14
50
a49
Manuiacturing
4.32%
Wood
Gar
al5
9(4
12% May
1
.
62
140
al5
9(4
100
5
(new)
common
49%
al8% al9(4
—
924
450
1
Frankenmuth Brew common!
Feb
62
750
3,500
1
i
...
al8%
,
Jan
7'/a
2%
1
Inc.
Federal.Mogul
3(4
37%
_1
„
34%
23%
11(4
Corp
23
61%
20
common
Stove
21% May
11% May
29
Company
Jan
19%
10
—
20
600
a54% a55Ca
—
10c
15(4
37%
1
common
17(4 M a y
598
-11
35%
61(4
61%
1
:
Detroit & Cleveland
High
*
,
157
28(4
15(4
Oceanic Oil Co
l
10
:
common
Jan
19(4
6%
2%
13%
2%
Feb
4%
61% July
16% Mar
15
—
35 (4
1
common
new
25
Jun
27
-
a47%
—
440
'
Chrysler
19(4
—
11%
13%.'■,13%
^
common
common
452
2%
Northrop Aircraft Inc
for Week
of Prices
Par
Manufacturing
15%
29
Corp
Petroleum
National
Sales
Last
Sale Price
Burroughs Adding Machine com——
14%
58% July
12% May
a47%
...
Corp
Lockheed Aircraft
Exchange
Week's
Friday
Brown-McLaren
I,942
•
Monogram Pictures Corp __7—
Mt Diablo Oil Mng & Dev
Detroit Stock
Briggs
29% Mar
61%
*
Oil Co
Menasco
2
25% May
19% May
10
110
—
15(4
1
Feb
15% July
325
common
A
Merchants Petroleum
Products
13
Apr
58%
61%
14%
10
common.,
Petroleum
Intercoast
DETROIT
—_
11
21
;
Mascot Oil Company
Metal
Feb
Feb
6% Jan
3%
com
Co
Corporation
Lincoln
Electric
2%
9%
New York Curb Associate
Telephone: Randolph 5530
Allen
High
Jun
21
2
_
common
class
Co
Motor
Kaiser-Frazer
American
1%
6 % May
3%
—
1
Development Co
Holly
a28% a28%
"
—
1
,
A
(The)
Motors Corp
Hudson
Hupp
Exchange
Products
..
100
Farnsworth Tel & Radio Corp
Hunt
Aeronautical
2,050
1
Fitzsimmons
Members
'
15%
4
Feb
Hancock
STOCKS—
14%
50c
Corp
Feb
72%
21%
WATLING, LERCHEN & CO.
Ford
T.
*
Goodyear Tire & Rubber Co
Stock
2,500
•
America, Inc
Products
Oil
General
Detroit
9%
*
com
Gladding McBean & Co
Stock
8%
2.50
common
Steel
of
Electrical
Garrett
New York
8%
1
Aircraft Co
Industries, Inc
Douglas
July
79%
13 Va
a25% a25%
—1
1,312
20
30%
45
.
250
7%
_.
20
Preferred
17% May
22% May
*
A
Ynungstown
&
*
(Un)
Works
Youngstown Steel Door
Fuel
10
common
Motor
new
Colorado
27% July
26% Feb
Corp
418
47(4
i%
7%
•
common
Company
Chrysler
Jan
328
47%
Low
i%
7%
1
Corp
28%
28%
•
of Ohio
Oil
21
83
38
Apr
Apr
Range Since January 1
High
2
Corp
Aircraft
47 Va
"
;
>_
Rlchman Bros
Standard
31%
Low
*
Central Investment
Jan
22%
May
Shares
Jan
Cessna
Edison
Ohio
for Week
1
Broadway Dept Store
Feb
30
May
Co
Berkey
Apr
Apr
34%
1,700
a28s/e a285/a
21
52
65
1
Sales
Range
of Prices
Par
High
18 Va May
100
36
6
6'/a
1
&
Central
Y
N
36
4
Acme
National
57
Low
20%
Week's
Last
Sale Price
STOCKS—
Range Since January 1
High
20%
1*
Brick—
Paving
Metropolitan
Shares
Friday
for Week
Low
*
—*
McKee
Sales
Range
of Prices
Sale Price
Jan
High
6%
27
Zellerbach
_______
(Del)—
Corp
Curtiss-Wright Corp common
-.1
1
5
5
1
1
Class A
—
12%
—
7
300
153
41%
30
30
160
26
4%
4%
315
Jun
6y* Feb
9
—
—
May
a44% a45%
—
a45%
-
11
125
>2%
9%
;
30
al5% al5%
-
4%
13
May
20
Feb
Apr
Feb
Electric Bond & Share Co
1.00
Jun
General
Electric
7%
Jun
General
Foods
—5
—
13%
13%
-
101
10 y4 May
16%
Jan
33
May
39%
Feb
39% July
42%
Jan
Co
*
a37%
a37% a38%
268
Corp
—*
a41%
a41% a42%
30
rwrfxw^r*ft
A
38
THE COMMERCIAL' & FINANCIAL CHRONICLE
(294)
Monday, July 21, 1947
OTHER STOCK EXCHANGES
RANGE
Friday
Par
Goodrich
(B F)
Interlake
Iron
Kennecott
Corp
Tel
International
*
Libby
&
Inc
Robbins
&
Inc
Aviation
Inc
North
American
North
American
Ohio
Oil
5%
Jun
13 y8
Jan
9% May
17%
Feb
43%
520
60
a37% a38%
a617/8 a627/8
15%
16%
Jun
10%
1,105
311
25%
Jan
42%
May
Apr
62 ya
10%
Car
Feb
St., St. Louis 2, Missouri
Phono
Feb
8%
8ya
360
25%
25%
100
24 y4 May
32 y4
27 %
21% May
New
OKntral
Bell
York Curb Exchange Associate
7%
•
1,087
319
18
41%
325
26%
__
334
5%
217/8
41%
—
27 Va
5%
217/8
__
*
50
25
27Va
2,185
7%
Feb
May
26%
Feb
37%
Apr
41%
Feb
22 Va
Apr
27% July
5% May
St. Louis Slock
Friday
Corp of America
9 %
•
—
9%
676
7% May
10%
28 %
830
23% May
30%
Feb
Socony-Vacuum Oil Co
—15
Southern
—*
Standard
Brands
Standard
Oil
&
Stone
&
a29%a30%
291
31 y8 May
a417/8 a42%
293
37% May
41%
a77%
a76% a77%
353
*
Gulf
23
65 y4
77% July
Feb
Mar
15 %
25%
Feb
1,705
Jan
Carbide
a35
a347/8 a35ya
110
34
Apr
37 %
a64 y4
a65
152
57%
Apr
a54ys a54y8
40
47 Va
Apr
60% May
51 Va Jan
618
18 % May
93% Jau
Union
Pacific
Railroad
Lines
Corp
Corporation
(Del)
Westinghouse
Teleg
Co
Electric
22%
5
21%
Jun
Shoe
Clinton
Industries
Columbia
Electric
General Electric
Jan
20 %
3y2
695
17
95
1
Jan
29%
29%
10
10%
350
7 % May
a49% a50%
270
44% May
431
Jan
18%
13% May
17%
Apr
4 Va
2% May
200
a49%
10
General
Shoe
22% May
Feb
24% July
29% July
13 %
Feb
50
Feb
common
Preferred
Frlday
Week's
Last
STOCKS-
Key
Par
Shoe
v
t
Corp 6%
Gas
Electric
Storage
General
Motors
28 Va
35%
Apr
39% Mar
30
Corp__
174%
1,747
75
July
83
11%
12
750
9
May
15
58 %
9%
10%
2,332
56
57%
61%
24%
26%
11%
3% May
38%
137
61
133
51%
33%
130
26% May
75%
320
55
Jan
196
25
May
32
July
125
24 Va
Jan
28
5
2 Va
July
July
Jan
&
American
common
32
30
43%
12
7
70
10%
25
7
16%
372
12
5%
5%
65
23
24
28
14
14
19
163
(Un)
25
class
50
A
649
6%
6
6%
54
6%
20
20%
21%
22%
IS
56
Jan
65%
Feb
Anglo
May
39%
Jan
Atlas
Feb
Jan
July
Feb
28
Mar
Feb
25% May
30%
17%
Feb
22
Mar
July
18
May
33%
Jan
Jun
102
25
40
101 Va July
14%
300
13% May
18
Jan
480
38
52
May
8%
51
May
10 Va
Jan
May
10
44 Va
43%
10
—
6
—
;
common
32
6
500
4
32
802
28%
—2
5%
Va
Jan
Byron Jackson Co
Jan
Calamba Sugar cap
Jan
7%
Feb
22 Va
Jan
27
Feb
51%
Oil
Bishop
Co.
Packing
Jan
27%
Jan
241
26%
Jan
29%
Feb
105
21
Jan
30%
Feb
90
17
May
21%
Feb
41% Mar
49
Jan
50% May
74%
Feb
29 %
29%
30
20%
45%' 45%
Va
California
9%
Jun
20%
29
Cotton
Ink
5% July
164
24
Chrysler Corp
563b
57%
Colorado
Fuel
836
3%
784
49%
167
933
20%
175
18
4
49
13%
4%
3%
48%
4%
i
I„I—5
22%
23 Va
21
19%
21
37%
36
37%
22%
_lo
20
3%
Jan
2% May
48%
25
Apr
4%
53
Jun
Feb
24%
Mar
26 %
5
Jun
Jun
Mar
Chemical Ind
Cons
Creameries
of
8
8%
300
7%
51
8%
29%
common—*
21
July
2nd
Di
60%.
Friday
Week's
Last
gale Price
Par
Ludlum
cl
2,187
24%
Apr
30
Feb
173
50 %
May
63
Feb
4,011
57c
58%
62%
2,644
53% July
*
Duquesne Brewing
_5
Fort
2!
1
Low
40i/8
85
17
5Q
11%
12
308
30
H%
Range Since January l
High
17
_
Electric-
1
200
13
Jun
16 % Mar
19%
130
17%
Apr
19%
Feb
55
433
29 Va
Apr
32%
~Jaii
293
34%
July
a30
a30.
40%
Apr
40 Va
15
15%
1,714
11% May
23 Va
Jan
31%
3,789
25%
32%
Jan
105
111
102
May
108
21
107
114% 114%
20
5
20
7%
34
14
—4
20
7%
34
7%
201
20
14
101
1,355
"J
100
125
894
43%
18
19%
540
6%
7
1,086
1
10
—
a84% a84%
25
32% May
133/4 M
10
May
Service
43%
High
preferred
Conv
2nd
—10
*
-*
?
preferred
48%
Feb
Gladding McBean & Co—
Feb
Golden State Co Ltd common
*
12
Jan
4%
30%
494
23% May
30% July
2V£
22Va 22V8
22% Mar
87/8
15% Jan
Honolulu Oil Corp
q7/8
25
38q
10%
Jan
Hudson
—
23%
23%
160
19%
Apr
24%
Feb
Hunt
Foods
Inc
18%
18%
137
17%
Jan
19%
Jan
Idaho
Power
Greyhound Corp new common
Pineapple Co
Hawaiian
Brewing
Walker
_
—
Refractories-
Gas___
gy8
*
10
IXL
Supply,
Fireproofing
„
71/4 May
10
Corp.—
Gas
—
13%
__
5
__
.
5
14%
370
Jun
16%
900
5% May
10%
Feb
a/4
20o
% July
Mining
3/4
13%
1 % Mar
Kaiser-Frazer
37%
38%
II7
8%
„
1
Spring
United States Glass
i0c
1
8%
50
32%
10c
14
11c
2,767
14
14%
10
_i
100
10
Westinghouse Air Brake
Westinghouse Elecrtic Corp
see
page
*
_12.50
44.
__
10
,
^
29
.
100
34%
35%%..
563
29
30'
142
Corp
Feb
49%
Jan
17% May
23%
Jan
5
May
9%
Feb
71% May
92%
Jan
Jan
65%
19
May
28%
Feb
21%
100
21
May
23
Jan
20
24% May
35
Feb
28%
29
250
26
26%
1,934
97%
97%
60
23%
4%
52 %
26
Jan
22%
May
Apr
94
Jun
Feb
34%
Feb
35%
Jan
103% Mar
10%
1,605
20%
24
1,580
17%
Apr
50%
480
39 Va
Apr
50 Va
July
14
May
15% May
20 %
Feb
36 Va Mar
37%
Feb
1.45
Feb
10%
17
17
342
21%
335
a36% a367/«
70
1.10
1,300
2,070
1.10
1
7%
90c
9%
6% July
50%
21
70c
Jun
Jun
10% July
25% Feb
29
Jan
_
Salt'co""™"——
42%
Feb
Leslie
9%
Feb
Jan
11% May
20c
Jan
17%
Feb
16
Feb
Macy (R H) Co
Magnavox Co
9%
,
Jun
Calculating Machine—
14%
Feb
35%
Feb
National Auto Fibres
22% May
30
July
National
City
Lines
^
common.
—
Feb
100
27% May
34%
Jan
24%
360
20% May
33% Mar
30
Jan
38
July
38
40
9ya
9%
487
1
_*
—1
common
9% May
27% May
9%
30%
24%
7
Corp__
Menasco Mfg Co common
Morrison Knudsen,
8%
30 Va
1——10
Libby McNeill & Libby
Aircraft
5% May
7%
*
*
common
Apr
10c
30o
10
1
15%
305
96%
P2
7% May
Marchant
common
vtc
footnotes
37%
*
Apr
32 % May
13%
Jan
1,600
26
20
T3
Lockheed
Milling.
Steel
10
Feb
Mar
1,265
-*
Co
11
36
Jan
61
6.66%
1
Co
common
32
23
a26% a2G%
*
Langendorf Unite4 Bakeries cl A
ploqc
Pittsburgh Plate Glass
Pittsburgh Screw & Bolt Corp
Car
Jan
Jan
7%
7
__
Motor
capital,
Jan
32
6%
*
Co
__
123
21%
100
*
i
preferred
May
17% May
16
May
6
May
21%
59%
*
2Q
Jan
59%
5%
'
Apr
21%
2
—
common
common
a
104%
•
Corp
Jun
Jan
30%
*
—
56c
28
15%
——*
Corp
a
May
31%
5
com
a30
40 %
*
A
al8%
40%
Cum
July
15%
18%
5
Corp
62 Va
a29% a29%
a
6%
Linen
1.45 Mar
*
19%
Paint
Jan
Apr
—1
General
July
25%
A„2%
:
General Motors Corp
'
Shares
397/8
_
•
&
of Prices
Low
Steel
Co
Gas
for Week
51
1.05
——20
Galland
Sales
Range
Jan
May
49c
Emporium Capwell Co common
STOCKS
Feb
11
138
common——1
cl
Corp
Food .Machinery
Apr
Jun
1.05
Farnsworth Television & Radio
Pittsburgh Stock Exchange
Mar
600
_25.
Inc
Co
3
26
Mfg Co
Works
Plantation
15%
50c
class A—
Products
Mar
15
Oil
Dorado
8
6 Va Mar
105
26
common—
—
Fruit
5% July
Feb
25%
a59% a60%
1.00
*
Giorgio
Jan
49c
Corp common
preferred
July
37 Va
29 %
40
Feb
Jan
12
.—25
pfd
Preferred
Jan
28%
25
-
High
6 Va
36
—10c
1st
System
Amer
Zellerbach
Crown
Jan
51
Edison
Commonwealth
13%
2 Va May
———-—•—,——20
Broadcast
Jan
450
Co
& E
Iron
&
Preferred
Columbia
Jun
92%
100
Mines
Counties G
Coast
*
Silver
Clayton
4%
5
3
•
common..1
common—
..2.50
new
155
6% Mar
15%
_*
Corp
4%
20% May
'
3
——5
Mills-
Mining
Jun
4%
,
15%
Co
Eureka
4%
125
a91% a91%
Caterpillar Tractor Co common
Central
1,060
' 165
25
7%
•
—
California
5%
»
—2—'*
—:
California
5%
2,200
25
—.-100
California Art Tile class A_
8%
Apr
Apr
6% May
7%
common—.—_*
i
Class B
8
——*
1
Preferred
13*3 July
23
2,876
Low
5%
38% May
100
24%
Range Since January 1
High
5
1%
Jan
Low
32
8
July
Shares
5
12
18,668
28%
part pfd—25
Coal
1
24
24%
»
_
195
45%
for Week
32
18% May
17% May
1
Sales
Range
20
2.50
May
5%
Exchange
Week's
—10
Ewa
For
7
14
Calif National Bank
Imp Diesel Engine
Electrical
Common
16% July
Jan
Alaska Juneau Gold MIn Co
Class B common
Standard
Feb
12
Jun
32
of Prices
Par
24%
Jan
Doernbecher
Toy
Mar
7% Mar
24% May
Sale Price
STOCKS—
El
San
16
21% May
7% Jun
50
50
Feb
1
3,996
3
Improvement
Westmoreland Inc
&
Feb
t
8
Last
9 % May
2,518
21%
•
common
Gas
Ohio Oil
44
43% July
72
8%
Friday
4 Va May
2,215
20%
•
common-
————
National
4%
25'%
14%
Feb
6
12%
17
465
♦
50
Fuel
75% Jtily
25%
San Francisco Slock
51%
50
1 Va
5%
—
Mountain
Feb
Feb
101% 101 Va
101%
5
62% July
19% May
428
50
Sun Oil Co_
Star
Feb
65%
25%
——
——100
new
common
Calaveras Cement Co
Philco Corp common
Pitt
39%
36%
25%
—
*
com
28 Va
Va
Jun
21
300
18%
May
4%
495
*
25
—
July
6% May
15%
23
Jan
12
10%
16%
July
37%
100
10
common
Cement
30
204
13
7
.
20
common
Electric
12
5
Supply
Fuller
2 Va
43
—
1
Va
30
—
43
*
28
2
.
4
Service
&
32
28
—•
*
common
Pub
31
Jan
'
•
common
Portland
69
—100
common
Piping
Baer
47
1,390
1
6%
.
6% May
748
11
58 Va July
2,702
--
1
Corp common
preferred
50
20%
15
United
3%
53%
—
Transit Investmt Corp 6%
1,426
20
—
__i
Manufacturing
Philadelphia Electric Co
preference
3%
62%
H Va
•
-
Harbison
May
Feb
Apr
60%
"
common
Feb
50
Light-
Boy's
Lone
32
18
113%
32%
75%
common
y4 Mar
25%
10
_
Blaw-Knox
Jan
Feb
110
59%
5
Pennsylvania, Salt
Rights w i
Columbia
111
Feb
24 y4
77
—
10
Pennroad Corp
•
Pennsylvania Power & Light
Pennsylvania RR
'
Allegheny
13% May
14
Feb
Jun
23
149%
195
20%
•
Brothers
Westmoreland
10% July
High
May
16% May
490
,
20%
10%
13%
Battery
National Power &
United
Low
High
19%
__
•
Lehigh Coal & Navigation
Lehigh Valley RR
$3
Jan
38
32%
5
common
Steel
Wagner
61%
1
Publishing Co
Reading Co
Scott Paper
Jan
7%
-
Range Since January 1
11%
2%
Delaware Power & Light
$1
36%
200
15
Jan
Jun
361
112% 112%
4
Securities Investment pfd_
75
*
Chrysler Corp new com
Cooper Brewing Co—
Pep
19 Va
part pfd___50
Budd Co
Gimbel
15
7%
26%
6% Mar
'
Bankers Securs
Curtis
36%
100
common
Laclede-Christy
Laclede
Stix,
Shares
27
27%
156% 158 %
157%
13
c
36%
•
;—
Knapp-Monarch
St.Louis
for Week
of Prices
Low
•
100
Wks
10%
•
_ii_.—_.
common
Rice-Stix
Sales
Range
Sale Price
American Stores
Locomotive
10
10
common
Johnson-S & Shinkle
Laclede
Philadelphia Stock Exchange
Baldwin
50
_l
Brewing
Brick
P
International
North
Tel
(Un)
(Un)
Huttig S & D common
Hyde Park Brewing common
Missouri
&
30%
100
common—
Griesedieck-Western
Midwest
Tel
30%
5
common
common
Motors
General
McQuay-Norris
American
55
10%
High
Low
7%
—1
pfd
Range Since Janagry 1
High
7%
10
common
common
Brewing
Emerson
Low
_3
15
common—
Century Electric Co
27% Mar
17%
17
1
—
Brown
Hydraulic
80
a22% a24%
__
12%
Corp
Willys-Overland Motors Inc
Co (F W)
Woolworth
Jan
360
a22%
class A
93%
a—
a
23Va
3%
5
166
al9a20y8
al9
1
Warner Bros Pictures Inc
Union
al387/8 al40%
10
Corporation
21%
al087/s al08% all0%
100
Inc
Aircraft
21%
__
•
Co
Shares
21% July
171
__
10
Carbon
&
Building & Eqpt commonuli
Jan
16% May
15
10
a65
•
Tide Water Assoc Oil
Union
Western
al5
21
23
25
Sulphur Co
Air
al§
—
1
Jan
25
Texas
United
Feb
25
Company
United
47
a30y4
Inc
Co
Texas
United
Jun
a42%
Studebaker Corp
Swift
30%
25
I
J)
(N
Co
211
July«'
17
•
(Ind)
Webster
38%
Mar
14
2,481
38%
38%
167/8
31% May
Inc__
Standard Oil Co
16%
for Week
of Prices
Par
Bank
Co
593
Sales
Range
Sale Price
STOCKS—
Feb
28
*
Republic Steel Corp
Railway
SL
Exchange
Week's
Last
Radio
7600
Teletype
27% July
*
Co
Co
Co.
Stock
Exchange
St. Louis Stock
Exchange
Chicago Stock Exch.
Chicago Board of Trade
Feb
Jun
&
1871
Members
Feb
22 y4
10
Pennsylvania Railroad
Phelps Dodge Corp
Pure Oil Company
300 North 4th
New York
Jan
May
5iy4
12
Established
Feb
May
31
Edward D. Jones
46% Mar
Apr
8%
21
51
Feb
_1
'
Motor
9%
a62y8
15%
•
Co
Co
Packard
•
18
St. Louis Listed and Unlisted Securities
65 y8 Mar
Jun
May
10 Va
350
9%
__
3
570
a24% a24%
—
18
Montgomery Ward & Co,
New York Central RR
14
__
*
49%
100
13Va
a46% a47%
7
Loew's Inc
McKesson
al3% al3'A
—
•
;
JULY
Range Since January 1
Low
High
45
260
4'/a
—
Corp
Shares
4%
4%
ENDING
for Week
of Prices
Low
High
a57%a587/s
—
1
—
Tel
&
Copper Corp
McNeill
Libby
*
Co
Motors Corp—
Graham-Paige
WEEK
Sales
Week's
Range
Last
Sale Price
STOCKS—
FOR
13%
13%
300
10% May
a36% a36 %
20
34% July
78
12% May
31 Va Jan
38
38
al5% al5%
8% May
10%
Apr
20
Feb
36% July
17%
Feb
34
34%
255
1.75
1.75
1.90
4,640
1.25
Apr
14%
14%
14%
1,165
12%
Apr
15
J
11%
12%
825
9% May
14
Feb
1
alO
alO
50
9%
14%
Jan
5
1
10
Jun
40% Mar
3%
Jan
Feb
•
Volume 166
Number 4613
,THE COMMERCIAL & FINANCIAL CHRONICLE
OTHER STOCK
FOR
RANGE
Friday
Week's
Range
North
Company
American
Shares
Oliver
Utd
Low
High
Low
Filters
616
30 Va
31%
1,075
24
May
*
B
13%
12
12
135
10
Mar
5
class
13%
13 Ms
120
10Va
a8%
11%
13 Va
Jan
Cal
Jun
Power
Canada
Dry
Canadian
Pacific
31'A July
Jan
13
6% pfd
Ginger Ale
Oregon
Amer Fisheries
Paciiic
Can
Pacific
Coast Aggregates
Gas & Elec Co
Pacific
6%
1st
5'A %
5
a8%
Jun,
Railway
Jun
12 Va
Jan
May
9 V4
Feb
25
8 Va
1,150
41
4,494
40 Va
40%
410
25
Lighting Corp
a8%
7%
25
35%
35%
257
35%
Jan
38%
common
59
59
325
54
Apr
62%
dividend
Columbia
Feb
*
preferred
Feb
40%
*
103% 103%
7%
.
6
34%
Jun
42 Va
38'/a May
Jan
1st
Service
Phillips
Co's
Co
Incorp
common
W
Co
Foods
Continental
Motors
Corp
Oil
Del
Union Oil
102
105
24.1
95
Jun
150
65
May
78'
Feb
48
57
Feb
62
July
Eastman
25 Va
Feb
34
July
Electric
•
—
75
Jun
93
Jan
General
Corp
*
—
18% May
35% Jan
25
Feb
Goodyear Tire & Rubber common
38
Feb
Graham-Paige
•
1
19%
25%
Feb
Great
103%
69 Va
69'A
a61% a627/s
a61%
*
34
30%
34
1,090
80
80
80
10
22'A
24
379
35%
35%
364
22%
22
23
2,388
16 Va
161/2
16%
558
37%
37%
Apr
14'A May
34 Va Apr
100
4%
4%
100
19%
320
24%
26'A
2,845
10 pesos
14c
10c
15c
175,800
40'A
40'A
839
*
9c
33%
829
115
117
125
84%
5
59
57%
59'A
985
42
25
Holly
Hupp
29
.29
Idaho
Maryland Mines Corp
Jan
International
International
Johns-Manville
118
Kennecott
Jun
59%
Loew's
Jun
387
29
479
29 Va
Jun
32% July
40 % Mar
M
Co
•
44%
44
46
2,020
35
47
common
2
al3% al3%
lOO
Valley
Oil
Co
Ltd
1.20
*
Co of Cal
1.20
20%
Apr
9% May
898
1.05
15%
Jan
32
Corp
new
Co
Cement
Portland
preferred
106
10
13'A
7,329
10 Va
May
15 %
Jan
North
al8
aid
102
14%
Jun
16
Jun
23%
22%
23%
1,883
20
Apr
21%
21%
100
19% May
23% July
23% Apr
10
24%
227/a
25
1,120
21%
28%
•
74%
74'A
76
California
25
Union Sugar common—
United Air Lines Corp
U S Steel
Corp
—12%
common
West
Dept Stores
Western
Yellow
Pacific
Cab Co
RR
35%
2,290
24%
9
9 J/2
1,450
20
Indies Sugar common
Western
62
31%
1
Consolidated Oil
Victor Equipment Co common
Waialua Agricultural Co
1,193
10
Universal
29
32
?AQ
i
Jan
27%
Feb
Ohio
Oil
35% July
Jan
Pacific
37%
Jun
Olaa
11%
8Va May
Feb
Co
26
225
23% May
34 Va
Jan
Packard
22
7^5
17% May'
39% Jan
23 Va
Jan
Pan
39%
Jan
12
12
30
127/a
930
9
13
Apr
July
Unlisted
Phelps
—
Alleghany Corp
Amer &
Foreign Power.
American Factors, Ltd
American
Amer
Radiator &
*
—
Viscose
San
Copper
Armour
Co
&
Atchison
Bendix
Gay
Blair &
Steel
Co
14%
6%
62%
7% Mar
6%
18 Va
1,078
14
22
22%
1,003
17% May
22% Mar
1,435
12
22
—
17
Feb
Reynolds
Tobacco
61% July
Riverside
Cement
174%
Feb
Sinclair
a
Oil
class
Co
35
7
May
24% May
10%
Feb
224
32%
Feb
—
20
20
340
14
May
22%
Feb
18%
18
595
15% May
21V4
Jan
350
24
27 Vb July
—
26%
19
27 Va
—
4 lk
4%
100
4
Jun
19
19
40
13
Jan
19
120
120
10
106
Jan
120
Jun
Oil Co of
69
May
96 Va
Studebaker
Jan
25% July
4% May
25% July
Swift
7% Feb
Ltd
Ed
Cal
*
&
Corp
29
29%
230
23
18
Texas Company
26 Va
Jun
70
28
May
1% May
78% May
38 V4
Feb
2%
Jan
Westates
23
133
40%
Jun
16
18% Mar
Feb
CANADIAN
Sale Price
Par
Abitibi
Power
$1.50
&
Acadia-Atlantic
5%
Paper
Sugar A
pfd
38
WEEK
—
Inc.—>
Teleg
(F W)
JULY
Warrants
90
Corp
•
32
7% May
—
16
500
14% May
18%
390
14
May
16% July
14
Mar
16
39
Canadian
July
29
51
90
25
90c
891
210
26
Oil
Bell
Power
& Paper class A
Telephone
Columbia
Elec
4%
pfd
Columbia
Products
B
22 VB
22
102
Silk
Mills
102
•
4
•
26%
*
Bulolo
4
26
2%
28
;
,
552
23 Va
22
•
Building, Products
631
190
22 Va
22
UOO
Columbia Power Corp A_
Brucfc
188
•
British
Forest
190
21%
•
British
Class
21
100
Brazilian. Trac Light & Power
American Bank Note Co
British
British.
•
-
3,236
25
20
4V4
26%
2%
15,170
.
265
9%
98
July
Jun
495
$1.30
19
2.00
30c
—
4%
4
Va,
7%
—
23 JA
—
182%
20
20%
191
Apr
237/b
May
Jan
Dominion
Dominion
Coal 6%
31/4
Apr
4%
3'A
18%
18%
100
16
Jan
*
,
•
,——*
.—25
July
29
preferred
Iron Foundries
Canada
Northern
Canada
5%
100
_
Canada
Steamship
Wire
Canadian
&
•
18% July
Stores
Red
—
Canadian
Bronze
Canadian
Canners
Foundry
cum
see
page
31%
Jun
Jan
11%
141/4
20%
25%
25%
4,773
23
May
27
43
43%
627
43
Jan
45
pfd_2o
25
25
25
25
•
44.
25%
13
470
13 V4
Apr
65
44
July
100
19
Apr
Jan
19
44
20
footnotes
300
Jan
12% July
8% July
23%
14
common
Class A
For
9
30
May
44
*
•
5%
85
17
20%
B
common
Ltd
790
12%
175
300
17%
50
20%
Jan
Jun,
Feb1
Mar
Donohue
a50
4%q
Jun
50c
Jan
4% July
3 % May
6 JA
May
17 Vb Jan
23 %
Jan
,
7%
Anr
24% July
2yj/4 Juiy
550
7
May
13
Feb
265
44
May
52'A
Jan
a50
Sales
Week's
Range
for Week
Shares
Low
Range Since January 1
Low
High
High
60
62
450
56
Apr
67%
24'A
24V4
50
24
Jun
25
May
15 V»
61%
15V4
40
15
Mar
17
Jan
Mar
Feb
11%.
14
30
Apr
11% May
32%
655
15
185
111/2
Apr
16
Jun
26
75
22%
Apr
37
Jan
15%
15%
50
151/4 July
18%
Jan
13%
141/4
5,172
111/2 May
12'A
13%
11% July
95
15VB
25
25
43
31%
14%
14%
12
31%
12
12%
100
Enamel
Famous
Co
41
Mar
43
Feb
30%
5
29
May
31
Jan
30%
18%
32
32
15
15
29
38%'
.
14 V# May
19
783
31%, Apr
37
Feb
15%
38
3,700
321/2
8%
30
730
14
Mar
17
Jun
8%
10
8% July
11
Feb
+
30
125
28
July
33
Jan
135
36
Apr
42
Jan
301%
23%
24
,
260
12
May
14%
Peb
17%
610
16% May
19 Va
Jan
Hamilton
Bridge
23% July
Jan
26
Feb
95
208
92
Jan
100 Va Mar
103
40
102
July
106% May
20
20
150
20
Feb
21
22
22
221/4'
585
17
Jan
22%
Jun
20%
20%
160
19%
Jun
21
Jan
17%
171/2
20%
17%
175
15% May
11
IOV4
11
430
Jun
17
Jun
17%
231%
24
155
20
200
17
Apr
34
109
Feb
41/2
4%'
1,035
7
171/4
.
109% 109%
-*
600
23% July
3% May
May
I8V4 July
11%
Jan
19%
Feb
26
Jan
20
July
111% May
5 Va
Jan
Jan
16
•
1927
:
19%
•
-100
Bakeries Ltd
13%
Jan
30% May
12% May
95
17'A
General Steel Wares common
Goodyear
26%
25%
2,265
.
102
«■
23%
preferred
General
Feb
21% May
160
300
15%.
24
18 V4
152
14%
23%
Jan
38%
301/4
15
*
Gatineau Power common
5%
Feb
260
18
—-—*
Corp
Canada
Feb
1,914
20
Products.
Canada
of
Feb
14%
89 Va
-1
*
j
Heating
15%
May
78% May
12
85%
24
•
Players
Foundation
Jan
41%
18
30%
*
——
Corp
&
Jun
84'A
-
Electrolux
16 Va
41
85%
—-100
pfd
Ltd
Dryden Paper
17
July
Feb
25c
10 Va
of Prices
95
13
25
Jan
18'A
10 Va
a49%
•
common
Paper
Bros
*
—25
B
23 Va
Textile
Tire 4% pfd inc
Gypsum Lime
&Alabastine
July
Apr
4 Ve
Apr
380
Feb
Mar
20V4
2% May
14
29%
*
Coal class
Ltd
preferred
Donnacona
Feb
*
class
Breweries
Canadian Car &
14'A
50
Co
31%
8%
common
Cable
30 %
12%
Corp
preferred
Canada
30%
10
common
Power
4,203
Feb
Jan
29%
*
—*
Steel
Glass common
Dominion
Jan
32%
&
Dominion Tar & Chemical common
Feb
Jun
May
*
common—-
Dominion Steel &
Feb
22
Foundries
Dominion
Feb
29 7A
102
class A
preferred
Dairies
Dominion
Feb
Jan
25% July
2'/a Jun
28
*
25
Smelting---—5
Seagrams
Dominion
23 V4 May
Jun
10
common
Bridge
101 %
535
-*
—
Ltd
Davis Leather Co
Feb
22
1,863
1,637
33c
4%
7%
24%
24%
64% July
May
700
1,355
*
Jan
23%
30
19
17
3%
Feb
36 V4
Jun
Jun
176
a64Va a66V4
July
Mar
76% July
16% May
32
61
17 V4
•
Glass
Distillers
May
22
18%
79
17
63% Mar
81
al9% a20%
*
Feb
Feb
29%
•
common
35
—
Feb
34 Vb
Jun
21 Va
-25
Eddy Paper class A preferred
Canada Cement
Jun
28%
3%
*
Consolidated Mining &
Consumers
Feb
30%
29%
5
30%
95
"
Mar
May
22
*
233
16%
A
class
Companies
Dominion
Bathurst
1,460
52% Mar
July
6% May
30
29%
17
16%
—
pfd
Alcohol
Canadian Pacific Railway
12
1.00
16 Va
a35a35Va
—
Feb
a__
a33 a33%
—
a66V4
—
16%
—
-25
.-20
Cockshutt Plow
Jan
22
a__
3%
*
pfd—
37% July
Jun
835
40
Sale Price
Locomotive
Canadian
Feb
10
7%
Feb
30%
16 Ve
—
23% Mar
26%
90
15%
May
2,630
.—10
.
Ind
670
51%
A
6%
Cottons
510
90
May
23
23
-*
common
B
Canadian
106
Jan
Mar
Cass
Canadian
Feb
27
51
Feb
11
600
315
—1
;
class A
Converters
Feb
11"
'
10%
350
14%
High
22% Jan
192
28 Va July
21% May
868
a76% a77%
1
preferred
22
20% May
Feb
1,195
—
-1
common
Celanese
21%
103% May
July
18
Canadian
1L
1.00
.
50
510
160
$1.00
Range Since January l
Low
1
MARKETS
ENDING
Canadian
14% May
17% May
-
9%
13%
13%
27% 28 %
a42% a42%
Last
May
27% Feb
7%
100
10
41
28 Va
Feb
42
9Va
Friday
26%
'
■
•
preferred
36%
209 Yt 210
27
i
5G
Argus Corp common
310
-
38
35%
36%
209'A
*
21V4
104% 104%
25
Electric Corp
Anglo. Can Tel Co 4%% pfd
Asbestos
21
•
4%
Can
of
Amalgamated
4%%
21
•
common
Co
3,820
33
37% May
a77%
STOCKS—
-
2,180
21%
*
Aluminium Ltd
f
•
18%
20%
.100
—
High
18
20%
*
Agnew-Surpass Shoe
Algoma Steel
Low
.
18
2o
i.
preferred
Aluminum
1
*
com
preferred
Shares
Jan
310
5
common—
Lines
Union
Woolworth
Sales
for Week
of Prices
May
25 Va
41
Par
STOCKS—
Jan
26%
27
28''/a
Westinghouse Electric Corp com—12%
Willys-Overland Motors
1
LISTED
FOR
Air
Western
Exchange
Range
Feb
30%
139
1
::
Canadian Funds
Last
Feb
May
568
a29% a30V»
5
common
Petroleum
Western
Feb
5'A
Corp
Preferred
91% Mar
3% Apr
14'A May
40% Jun
430
Week's
Feb
7%
22'A
22
—
Feb
July
15
a32 a32%
—
—
a30'A
25
common
United Aircrait
United Corp of Delaware
Warner Bros Pictures
Friday
5%
9% May
25
Feb
Montreal Stock
5
185
a33'A
1
common
Co
Feb
RANGE
934
25
J
N
16%
May
5%
w'al2
•
Inc
24 V4
17%
,
_15
25
Mar
17
5%
29
10
A
common
16% May
7% May
a43% a44%
15
Apr
all J/4
—
all J/2
1
B
class
22
2 Mi
May
a9
2.50
*
Standard
15
FeD
Feb
25%
—
Corp
15 y4 Mar
140
Jan
19 Va
May
25%
—
*
17
2.50
1.50 May
a8%
com__—_10
Socony-Vacuum Oil
May
12,121
15%
—
__
25Va
—
115
.
Feb
100
18
—
165
4%
64
Apr
1.75
18
100
common
895
4
50
62%
1.75
•
10
17J/4 al7'A
266
Feb
—
;_1
Republic Steel Corp
20
a
6%
"A
—
50
33%o
14'A
4%
Feb
3% Mar
—
Feb
Brands
a90y8 a91%
1
Sullivan
Feb
35
Standard
850
26 Va
23c
common
20
2
Feb
Feb
Jun
,.
13%
2
25%
49%
6
9%
80
a34% a34%
Feb
Feb
May
20 V4
37
10
—100
a28% a29%
13 Va
50
37% July
•
Feb
56
230
r40
a
Mar
Corp of America—
Radio Keith Orpheum
41%
900
r40
May
*
43 % Mar
134
"
a
44'A July
49j/8
Jun
3
25
31% May
1,825
24%
'24%
Feb
43'A July
43%
15c
Corp
28% May
6%
5
—5
Co
Hill &
6
•
common
Co Inc capital
Bunker
15'A
95
37% July
common
205
a25% a26'/a
6%
May
165
25
•
Cement
463
:
a85% a89'A
a89 Va
1
Airplane
Borden
a__
38 JA
-
5
Corp
Furn
60
14%
100
common
.
Aviation
&
Bethlehem
151
37"A
3
Co
Berkey
1,332
44 V4
181
Radio
Feb
6 Va
'
53 % May
13
& Ohio RR
Jun
217
a367/8 a40'/8
_5
Oil
Boeing
a36%
100
Locomotive
2%
61 '/a
60 Va
4
a56 Vb a56%
•
„
Baltimore
100
157% 157%
5
Barnsdall
130
44 V*
17%
9% May
500
1
Airways
Dodge
500
Feb
—
5%
May
25
50
Topeka & Santa Fe__.
Baldwin
4
29
a__
26% May
11% May
60%
14
com
Mining
Mfg Corp
3
al4% al47/s
100
Corp
Avco
110
4
•
(111)
Atlas
3%
29
29
•
Corp
American Woolen Co
a__
3%
20
—
Std
105
*
—
American Tel & Tel Co
Anaconda
a33 'A a33%
_L1
Smelting & Refining
American
a33%
14
a47% a48 Va
—
Pure Oil Co common
Co
Jan
—
*
Pennsylvania RR Co
Securities—
Reduction
36'A
__
10
Pepsi Cola Co
Air
Apr
__
—
20
Pictures
30%
12%
—
•
—
Paramount
a33% a33%
1
408
13 Va
20
Motor Co
32 V4
3Va
common
American
Feb
31%
—,
Jan
7
3%
Sugar Co
Preferred
3 Va
8%
2,571
Ltd
Portland
Jan
July
18c
Aviation
Co
Sugar
2.80
Feb
4
21 Va
Pacific Railway cap
20
•
common
common
78 %
May
Oahu
1,225
5
400
37%
capital
American
Northern
Apr
RR
Central
26
21%
50
common—
Jan
July
3'A Mar
July
400
18c
North American Co common
Y
N
1.50
1.50
7%
5%
3V8
18%
Distillers Prod
National
125
Feb
July
5
12%
of
5%
44
May
•
12 Va
Co
3'A May
36
5c
2
Oil
420
,125
37%
Nash-Kelvinator Corp
Feb
106
Jun
19%
Mountain
21% July
104% Mar
43
42% July
60% Feb
1.50
7V»
5
3
3
lo
Transamerica
18'A May
Jun
440
.
39%
39%
37%
—
106
Union
44
—
com——*
106
5
44
1.50
7'A
1
«
Corp
Transcontinental & Western Air
—
—
—
32% May
115
18
Inc—
Preferred
730
Feb
*
42%
47 Va
4%
18 % July
Cons
21%
Jun
Feb
47% July
Jun
—*
.
Robbins
&
M
M
21%
common
50
6'/b
% July
Jan
42%
47 Va
4%
•
21%
Water Ass'd Oil
a22% a22%
4
Jan
1,247
38
13 %
38 %
—*
10
Tide
Corp
800
Feb
Feb
25 Va
16
*
a22%
Mold
21% May
10>A May
*
10
Super
1,055
6V4
43%
*
Tel
Montgomery Ward & Co
City Copper
Jun
July
24
&
8c/o
Jan
1.25
62 Va
J
Monolith
Feb
51% Mar
3,125
Feb
100
12
600
Co
&
Navigation
Matson
Jun
Tel
61
62%
July
36%
457
*
•
61
45 V«
Jun
7'/a May
4'/a May
47%
Canada
Co
common
McKesson
36% July
July
Nickel
,
Bancorporation
220
Spring
—
Apr
24 Va
13'A
1
1
Copper Corp
Inc
32%
Inc
25%
38%
60
47%
1
Co
36%
Spiegel
144
150
10%
4%
25%
4%
.
Feb
—
*
class B
Co
Battery
32%
Va
—
12%
—
*
Corp
Oil
36%
Pacific
Standard
Hobbs
36%
25
pfd
cum
Jan
25
A
ser
10%
47/a
25
4%
—
Feb
May
7
:
Marine
I
pfd
Motors
Ry non
33% July
Jan
Co
i
Northern
45 Ve
a287A a29%
—
Jan
29 y«
48% July
•
Co
40 % July
Jan
Soundview Pulp Co common
Southern California Edison—•
Food
50
a9
3%
,
J"n
5
common
new
Share
20c
30% May
25% May
31%
116
preferred
Co
&
Jan
6%
May
33 Va
preferred
Kodak
21% July
26 % July
47
15% May
20% May
*
Southern
Dominguez Oil Co
Dumbarton
Bridge
Bond
—
90
16% July
3% May
18%
25%
common
Jan
129
General Electric Co
5
common
a9
45 '/a
—
28'A
15
Gas
44 '/a
3Va
Jan
July
July
24% July
24% May
157
Apr
Signal Oil & Gas Co class A
Calif
342
a48Va a487/a
*
1
*
10
Curtiss-Wright Corp
12
10 Va
a26'/e a26%
27%
Feb
39
a48%
742
of
Jan
Feb
54%
26
a26V8
*
Co
Co
14Va
42% May
265
a25% a25%
Feb
16% July
Apr
21% May
2% May
5
Amer
Steel
Publishing Co
Curtis
122 Va
May
1,100
1
Continental
Feb
105
12
9 Va
3V8
—•
15
Y
N
12
—
3Va
27'A
1
Sears, Roebuck & Co capital
4.48%
31
21 Va
10
Inc
San Mauricio Mining
So
395
15% July
1
common
Fine
4.32%
48%
Feb
1
common
Safeway Stores Inc
Shell
48%
a37% a38%
—
a38'A
Apr
25
Corp
Aeronautical
and
S
1,280
12%
_•
Manufacturing Co
Bros
Ryan
12%
102 '/a
l
;
Preferred
Roos
12%
—
88
100
Oil
Jun
450
*
Preferred
Richfield
16
15'A
*
common
Petroleum
Rheem
185
14%
100
common
Puget Sound Pulp & Timber.-.
Railway Equip & Realty Co Ltd—
Rayonier
July
16%
*
common
oreferred
Parainne
122
16%
a25%
Co
Gas
HighK
20
*
Public
Pac Tel & Tel
of
Co
Natural
Consolidated
Low
122
*
Consolidated Edison
41 % Mar
Range Since January 1
High
122
—*
Southern
&
t
,—
*
Electric
&
Gas
Commonwealth
Low
—
10
,
Commercial Solvents
Crucible
Pacific
Shares
25
Cities Service Co common
13 % July
40s/a
5
25
common
1st preferred
Paciiic
$5
Co
for Week
100
1.66%
25
n-c
Chesapeake & Ohio RR
Pacific
Sales
Range
of Prices
Par
High
12%
10
Cons
Week's
Last
Sale Price
STOCKS—
Range Since January l
•
Oil
18
for Week
of Prices
Par
Natomas
JULY
Friday
Last
3$
EXCHANGES
ENDING
Sales
Sale Price
STOCKS-
WEEK
(2951
16
50
*
53
15 %
*
7%
>A
16'A
135
15 Va May
I8V4
53
53%
115
53
July
55 V4
14%
151/4
755
13
May
16 Va
Jan
7'A
7%
275
61/4 May
9 V4
Feb
Jan
'
4
M
(296)
THE COMMERCIAL & FINANCIAL CHRONICLE
CANADIAN
uAM/IP
Week's
Friday
Last
STOCKS—
Howard
Smith
Paper
•
50
common
preferred
Hudson Bay Mining & Smelting-——
Imperial Oil Ltd
Low
52%
43%
43%
44
"
15
15
Imperial Tobacco of Canada common-5
6 %
preferred
£1
15
15
Indus
Accep
4 Vat %
5%
Corp
class
A
International
6%
Bronze
International
of
Canada
-*
International
Petroleum
International
Power
International
Utilities
Labatt Limited
Co
Ltd-
(John)
—
8%
150
7%
Apr
150
30%
104
July
106
20
Jun
28
24%
75
23%
Jun
26
65
35%
Apr
38 %
Jan
34%
35%
2,273
32 %
Feb
52%
5,155
May
May
37%
50%
55
Jan
1,897
14
43
12%
12%
24
100
41
12% May
Mar
46
May
13 %
Montreal
Tramways
Paint Co
Works
23% May
18% May
21
110
15
Jan
16 Va
17%
18%
1,101
14% May
30
2,416
23%
Jan
30
National Breweries
7%
preferred
175
13 %
Jun
20
&
38 V4
Steel
Car
National
pfd
38
34%
Jan
38 %
16% May
Jun
22 %
38%
180
17 Va
17
17%
960
51
51
35
35%
90
31
Jan
40
22%
22 %
100
21
May
24
2
Corp
49 Va
Flour
Mills
Ontario Steel Products
Ottawa Car Aircraft
23%
24
23%
1,195
27%
28
18%
19
80
6
16 Va
—100
102 Va
5%
16%
675
102% 102%
*
Penmans
Placer
Ltd
29
48
Jan
13%
Powell River Co
Apr
26%
Apr
26
Sec
cl
A
29
Jan
27
Apr
May
16
19
4%'May
15
Feb
103 Va
&
•%&
27% July
33
Power
Mar
71
Quebec Power
St
Lawrence
16
16
25
16
Jan
35%
36
13
13%
1,091
65
67%
15%
15%
Class
St
A
*
de
1
Sherwin
1%
Corporation
Water
14
pfd
*
Canada
100
—
common
preferred
Press
Co
class
of
A
(A
J>
13'AT
18% July
18
18%
8
*
77
Va
695
,6%
18%.
8%
8'A
9% May
116
1,430
50
Jan
Mar
Tobacco
7%
preferred
100
May
22 %
Jun
25%
25
Jun
30 % Mar
170
20
Jan
12%
100
40
104
Apr
14% July
13% Feb
17%
380
16
1,510
Apr
Jan
100
105
Apr
Mar
77-
346
116
79
9%
76
79
Mar
18% May
18% Feb
7% May
July
77
Biscuit
Cotton.
Walker Gooderbam & Worts
Weston (Geo) common Ltd
Feb
82
May
89
July
Jan
Paints
Apr
10
Jan
8
100
8
800
3 Va
Apr
434
Feb
6%
25
6%
Feb
7 Va
Feb
25c
32
25c
15%
25
15
18
25
15 Va
19'A
65c
July
Feb
17
Jun
Feb
18 % Maf
Jan
—
43,109
141/2 May
19%
Jan
7%
50
7% Jan
73A
Apr
1.10
1.35
300
1
Jun
2%
Apr
40
40
25
40
May
"
40
35
36%
Apr
42 Va May
37
37
25
36
Apr
40
Feb
18%
19%
5,880
14% May
20
Feb
2%
100
6
6
200
'2%
4,655
2
235
20
Jan
50c
55c
Jan
8%
19
12 %
Jan
53
1,058
42
May
55
Feb
14
July
18
Jun
May
16% July
47V4 Jun,
14
14
5
16%
2,530
46%
46%
20
46
20
20
5
20
Enterprises
Crush
12%
13
595
43
44
550
43
Jan
12%
13
280
11
May
20
20
51
20
Jan
21
Jun
20
Jun
-
3%
Apr
9
Jun
11%
4%
Feb
13
13
Jun
Jan
July
■
-
pr
—
•^'12%
y£... —
10
46
Jun
14%
Feb
—10
—
20
20
35
20
Jun
pfd_—20
—
29
29
165
28
May
6%
6%
100
5%
Jun
7%
Feb
—10,^;
—
5'fcft-19%
13%
13%
50
12%
Jun
14%
Jan
71%
71%
71%
200
14%
14%
50
—
112
112
14
13%
14
16
16
175
110
110
45
—
•
.
•
pfd
Ltd
Jan
25
Vl-V,
pj "
'
Orange
20
550
9
w.
Paper Co
Ltd
Nuclear
Jan
4
9
Royal Hotel Co Ltd
6%
July
3%
•
Minnesota & Ontario
Scotia L & P
July
8% July
15%
—
common-—*
Corporation
30c
A_*—
cl
——
Mount
125
16
—
Ltd
6%%
Ltd
Feb
Feb
May
30c
14
'
8
4%
23
8% :
51
—*;£•«-
Apr
13
(Can)
Distilleries
preferred
5%
—100
—
'
*
—■
19
19%'
15% May
Feb
21
Feb
65 Va May
74
Mar
123^
jan
17
104
Feb
119
11
May
4,288
23
-100
..
31%
Apr
July.
Ltd
•
—
14% Mar
13 3A May
22
Power
Corp
6 %
of
Can
cum
non
6%
1st
2nd
part
Quebec Pulp & Paper 1%
Rands Service Stores——
Russell
Industries
pfd—100
pfd—
50
20
20
• t8%
—
Vv
•
—
=
,V
58% '• '
58%
--
%
red pfd—100
-—^
Jan
8%.
9
.
55
Jan
.54
.
19
May
4
Apr
5,310
-
14*
112%
Apr
210
24
,13%
—
107%
.
,
275
Jan
60
Jan
30.
Jan
9% July
12% May
July*
Southern Canada Pow 6% pfd—;_100
Southmont Invest Co Ltd—;—
Standard
Paving & Materials
United
Distillers
Ltd
120
<
ne
20
v.
..
123
Apr.
Jan
41c
51c:
24c
Jan
7%
*
—
120
120
7%
50
6
July
17%
17%
107
16
May
15%
15% V
5
14
July
25
Jan
18
12
July
14%
Jan
51c
*
Windsor Hotel Ltd
Ltd
-
/
:
7,570
a
„.
51c
July >
7% July
18
July
Jun
21
50
20
Jan
21
50
100
Mar
101
Jan
78
78
55
72
Apr
21% May
81
Feb
26
Jan
27*
Jun
31
23
Mar
Ltd
•
*
■"
—
*
12
12
'
Feb
20% May
Canada
July
101
of
Mining
Stock*
.
.
1
1
'
—
24%
24%
25%
2,275
•
27
27
27%
150
20%
21
100
*
common
*
16
100
commpn—
16
-
100
16%
1,652
100
5
/
13
97%
*
35
35
75
35
25
preferred
27
27
75
26%
Jan
17% Mar
Jan
101
May
*
May
38
Feb
Apr
27
Jan
Banks—
Alger Gold Mines Ltd
Mines Ltd
Arno
Band-Ore
Beatrice
Gold
Red
Mines
Lake
Gold
Beaucourt
Gold
Mines
Beaulieu
Yellowknife
Bevcourt
Gold
-
Mines
Mines
19c
5c
5c
1,500
3%c Jan
25c
30c
3,500
19c
5c
5c
500
5c
Jun
10c
Feb
22c
22c
22c
22c
July
37c
Feb
32c
33C
5,000
3,100
>
1
Ltd—1
Ltd.—
Ltd-,
15%c
18 %c
5c
26c
.*
Ltd
i'
18 %C
——1
—
——
1
1
19,000
31%c Feb
Jun
7c
.
44c
May
27 %c
Feb
Jan
51c
Jun
Feb
75c
75c
500
75c
July
Bidgood Kirkland Gold Mines Ltd
*
27c
27c
I,000
21c
Apr
27c
1
6c
6C
2,500
6c
July
10c
Feb
Ltd——1
4c
4c
4,000
4c
July
7c
Jan
Gold
Mines
Mines
Cartier-Malartic
Centurv
Canadienne
Commerce
Ltd
Ltd—
Gold
Mines
Mining Corp Ltd—
Imperial
125
21
Apr
22
Feb
Cheskirk
22%
266
21% Mar
23
Jan
Consol Central Cadillac Gold Mines—1
26%
26%
50
25%
27% May
*
10
Nova Scotia
27%
27
570
25%
Apr
28
34%
34%
110
34
July
39
Jan
23%
23%
23%
955
22
Apr
25
10
Cortez Explorations Ltd
Cournor Mining Co Ltd
27%
Donalda
1949-
50
50
$31,000
50
Jan
50%
Feb
Mines
Sullivan
*
Lake
Goldvue
'M
1
u,i *,
J-M
Friday
Week's
Range
Sale Price
of Prices
Par
Works
Limited
Ltd-
*
■.
Low
10%
Brand
&
Millen
Ltd A—
•
5%
1.70
Brewers & Distillers of Vancouver
Ltd_5
British
American Oil
Co Ltd—■—
British
Columbia
Packers
British
Columbia
P
Brown
Company
&
•
common
Canada
Northern
Canada
Starch
Canadian
Co
Power
Ltd
7%
Gen
26%
1.60
Jan
4.65
30c
30C
31c
2,000
28c
Jan
30c
29C
30c
7,700
30c
5%c
5c
7c
6.15
6.15
23c
10%
10%
10%
1
—
4c
4c
*
18c
9,000
-
Apr
Jan
92c
Jun
Feb'
9%o Feb
5.50 May
5
25c
90c
July
5C
II,500
i
6.15
24%c
2.74 May
6.80 Mar
43C
May
Feb
9.50 May
206
11%
Gold Mines
1
Mines
Gold
(1945)
Mining
6c
6c
6%c
1
Ltd
41c
40c
41c
7,000
10,000
it
2,500
,
.
Feb
3c. Mar
4 VaC
Feb
5c
May
13c
May
90c
Jan
2.15
2.15
2,000
1.
Co
17c
17c
22c
2,049
16c
May
1
71c
71c'
71c
500
71c
July
9c
5,500
Ltd—1
Mines Ltd
1
,
—
8c
.
Jan
33c
2.22 July
1.73 May
33 %c Jan
1.28
22c
7%c Jun
3.55
.
Feb
Feb
Feb1
1.85 July
2.27 July
4.80
Jan
Mining Corp of Canada Ltd—
*
8.55
8.55
8.55
100
8.00 May
10.00
Jan
Nechi
1
1.06
1.06
1.10
8,750
5
Jun
7%
1.70
12 %
Jan
1.90
2,350
May
1.65 July
Jun
Normetal
16
6
Goldfields
—i
1
Feb
10
15
July
26
27
683
7%
399
6
Jun
55
100
43
May
510
•
700
1,100
30
1,400
4%
22
5
13,280
24
May
2V8 May
67
9 Va
3.00
17
-
Feb
Macdonald
Cons
52
Apr
Jun
15
15
890
22%
22 3A
23%
730
Jan
Pandora
Feb
Paramaque Mines Ltd
Feb
233A May
63
Cadallic
14% July
Jan
1.20 Feb
1.52
1.52
200
1.35 May
2.05
2.15
2.31
1,150
1.82 May
2.65 Jan
8 %c
1.52
•
'1
Gold
Pitt
Gold
Mines
—
Ltd
1'
13c
——-1
8%c
1,000
7c
13c
13c
2,000
He
5.50
5.50
1!
1.01
1.01
1
16c
18 c
Dredging Ltdi———1
—
Mining Co Ltd
Jan"
Quebec Yellowknife Gold Mine®—
,
16c
;
200
--
500
31,200
4.90
Feb
6.00
1.23
1
15c
24C
8,400
12c
Jan
21c
20c
22c
30,500
12c
May
3.10
3.25
1,300
50c
60c
500
50c
May
13c
13c
Jun
2.10
1,000
'1,200
12c
1.99
;"1
Feb
Jan.v
18c
May
18c
1
1
l.OOJun
9c
I
21c
23c
May
May
Jun
Jan
s
Feb
<
r
25c
Mar '
Jan
112%
Jan
15 %
Jan
Santiago
Mines
■
Sherritt-Gordon
—
Mines
Stadacona Mines
21
Jun
•
Feb
Pato" Cons Gold
109
*
1.02
Jan
Perron Gold Mines Ltd
40
Ltd
Ltd-
Feb
50
10%
Corp
Mines
Feb
305
25
Gold
July
53
13
Mining
;
Feb
13
110
13
53/a
Dredging
88
22%
15
8%
64
Ltd
Jan
53
20%
27
Mines
May
110
—
1,500
3.50
15,800
136
84
53
87c
3.30
—
2.00
10
55
22
86c
3.30
2.85
5%
13
•
Jan
1.90
5%
83 %
—5
Jan
2.65
12%
O'Brien
pfd— -100
Investments Ltd—
Industries common
May
25c
39c
11% Mar
Jan
12%
*
75c
Feb
May
May
2.65
Jan
10
13
•
19c
Feb
Jan-
60c
1
Louvicourt
8
250
4%
-
common
High
185
10%
83%
1
Canada & Dominion Sugar
Canada
Malting Co Ltd
Canadian
Low
10%
-100
Preferred
11c
500
1
,
1
Butterfly Hosiery Co Ltd
Range Since January l
9%
«
cl
Rowan
10%
16
•
Ltd
Shares
7
B.
common-
P
24,000
1
—
Mines
Lake
Kirland
High
*
•
18c
20c
-1
Gold
Lingman Lake Gold Mines Ltd—
Llngside Gold Mines
10
--
Bathurst Pr & Paper Co Ltd B—
Belgium Glove & Hosiery Co corn-
Lake
Lake
for Week
*
_
Consolidated
Jack
Sales
Last
Glove
14c
—1
Ltd
Mines
Joliet-Quebec
Canadian Funds
Steels
July
.
Montreal Curb Market
Acme
July
31c
1
Hollinger Consolidated Gold
Atlas
15c
11c
7,920
1
—
Gold
Yellowknife
Giant
STOCKS—
3,200
8,000
1
——1
——
Gold Mines Ltd
Formaque
Found
Ltd
Mines
Mines Ltd
Gold
Eldona
Bonds—
Notes
17 %c
1
44c
32c
Jun
17c
12c
15C
July
May
East
Montreal Power 3%
Ltd
1.16 Mar
Jan
10
Royal
Apr
Mines
35c
20c
15c
12c
21
21%
12c
32c
1
21
21%
10
-
—
1
21
10
w
k'
1
10
-
Montreal
-
.14
•"*
Feb
190
—
Bonville
5%
■
3% May
May
21 %
—
Si;'
com.*
Jun
2%
50c
100;<
2%
20%
—
com
Ltd new
Jan
48
2%
• V-''.
Power & Paper Co
10
Mar
May
7% May
101
•
preferred
Limited
Feb
18
2%
class A
Inc
Stores
21
101
47
7%
-
new
15% Feb
8
925
•
—
Electric
182
28
8%
100
-
Wabasso
Winnipeg
3
9%
8%
*
.
182
9%
•
common
preferred
182
July
Jan
175
12 % Mar
50
-
Jan
Feb
33A
Apr
38
Feb
135
"
79
23
15
44%
Jan
,
185
,.
Apr
154
4%
—
Moore
Jan
20%
30% May
525
104%
18
*
Canada common
City Rapid Transit
United Steel Cotp—
Zellers
17
175
104
•
—
—
Twin
5%
67% July
14 % May
385
14%
Feb
36%
40
common-
Paper Co
LaSalle
Melchers
Feb
27%:
14 %
2%
14
%
—l;vV
Thrift
Tuckett
Wilsils
104
•
preferred—
5%
14%
Feb
7,225
15
3%
18
5.%',
Corp Ltd
preferred
Massey-Harris Co Ltd
Fen
15
277
223/4
13%
—100
Ltd
22%
27%
174
*
*
Southern Canada Power—:;
Standard Chemical common
7%
22%
3
44
Jan
1.75 May
8
I9
Limited
Maple Leaf Milling Co Ltd
Maritime
Teleg & Tel common
7% preferred
Feb
38
•
132% 134%
*
com
„-
Steel Co
19%
Jan
10% May
50% May
620
42
42
133
Power
of
preferred v—
Southam
34
3,124
14%
41%
50
100
-
&
Williams
Simpsons "4%%
Viau
14 Va
492
19
*
common
preferred.
Sicks Breweries
Vtc
18%
\
2%
6
—
A
Nova
Lawrence Paper 6%
Shawinigan
18 Va
140
Feb
1.75 May
4%
—
Lowney Co Ltd (Walter M)
Jan
15 Va
Mar
Co—
—
Sec
red
Ltd
MacLaren
Jan
65
•
————
135
42
__
Ltd——*$./•?'
Linoleum
Corp
Co
International
Jan
135
*
Transport
10
'
.
'
Hydro-Electric Securities Corp—
May
67
Provincial
»Jan
2%
,—
Feb
18
67
36
26
4%
15
r;.
Aircraft--
&
Lakes
Hotel
Jan
6%
Feb
102 %
Feb
350
•
25
Feb
69
July
May
25c
Paper Co Ltd—:
Preferred
Jan
29
•
34%
•#>'
*tf
:
Companies
Freiman
Jan
53
28 Va
Power Corp of Canada
Price Bros fc Co Ltd common
34%
High
July
4%
Ltd
Oilcloth
cum
Great
Fen
23
10
.
6'/o
May
1
Development
11
—
Engineering Works
Mfg
Fraser
May
50
*
common
110
140
*0:
—
Page-Hershey Tubes
11
3
common
Motor Co of Canada
Foreign
.
42 Va May
100
Fleet
Ford
Jan
23 %
188
16%
11
•
.
W.
Ltd
Corp
Grain
Federal
Jan
Apr
525
;
*
203
44
__
Fairchild- Aircraft
Feb
Apr
13
50
45 %
*
common
2%
.•
Ltd
Standard
Dominion Square
July
46 Va
50
45
*
—,
Ottawa Lt Ht & Power
5 %
preferred
960
—
L)
Aircraft
Donnacona
July
51
42
20
28
*
common--—
627
23%
•
Ogilvie
13
23%
*
Noranda Mines Ltd
48%
45
•
Niagara Wire Weaving
48
13
Va
47
48%
47
5
2%'
■
Div
(R
Dominion
21% Feb
51
25
.
Chemical
Alcohols
Ltd
Dominion
Feb
•
common
—:
Drug
3
*);■£" 19 %
Crain
Jun
16
\
National
Co
Lithograph Mfg Co Ltd_*
Consolidated Paper Corp Ltd
Feb
16
*
Lumber Co
Preferred
Jan
29%
100
—'
100$'
Consolidated
26 V2 Mar
35
17'A
•
61
125
2
—
preferred
Consolidated
Cub
16
40
—
8%
Feb
155
15'A
10
3%
2%
—
,—.
Low
61
3%.
—
common
Range Since January 1
High
Jan
10
•
Locomotive
Telegraph
Ltd
Westinghouse
Commercial
16% Jan
40
29%
Breweries
Montreal
com
'
61
—
Chateau-Gai Wines Ltd
*
Montreal
Ltd
preferred
Canadian
Mar
11
19%
15
Jan
May
100
24
19%
*
Ltd
~——.—
Vickers
Canadian Western
Jan
37
Tr
preferred
7%
Mar
24%
Inv
Co
Feb
25
50%
24
5%
Canadian
8% July
391/4 Jun
100
15
(Robert)
Murphy
Jan
13%
McColl-Prontenac Oil
Molson's
13 %
25
3
Massey-Harris
1,439
43
Lewis Brothers
Mitchell
15%
Inter
Rand
Canadian Marconi Company—
1%£ / —
Canadian Pwr & Pap Inv Ltd com—2%
15% July
15% Apr
105
—
*
.
Jan
25
*
15
Laura Secord
12%
2,677
105
—
-•
Corp—
Apr
255
Ingersol
Canadian
Feb
Feb
45% 'Feb
98
34%
15
Paper common
40%
Canadian
53 %
50
—25
Nickel
International
29 %
Apr
38%
24%
common
preferred
Jun
50
98
100
common
24
65
37
108
•
Coal
Low
High
38
100
preferred
Intercolonial
of Prices
98
—
preferred
18
Range
1,266
15%
8%
JULY
Range Since January 1
Low
26
52%
ENDING
Week's
Shares
High
25
WEEK
for Week
of Prices
25%
MARKETS
LISTED
mR.
Monday, July 21, 1947
£.r" - V;k
Sales
Range
Sale Price
Par
$2
*
1944
Ltd
16%
Feb
Standard
Feb
Sullivan Cons Mines Ltd-
Mines
V;.
1
*•„
b]
Ltd
25
Gold
—-—50c
Ltd
1
-jr.
1
J
—
—
1.99
2.10 Jan
1.70 May
34%c Feb
5.35
7Rc
20c
2.80
1
Feb
Jan
Mar
Jan
'
'
,|t
Number 4613
.Volume 166
THE COMMERCIAL & FINANCIAL CHRONICLE
CANADIAN
RANGE
Friday
Week's
Range
Shares
Par
Low
Ventures Ltd
Westville
7.60
*
50
14%c
—
16c
:—1
Mines
6,500
6%c
—
Low
6%c
Oil
Canadian
Jufy
14 %c
1,500
20c
14c
5%c July
July
Feb
StocksOil
—*
Oil .Co Ltd
Homestead Cons
Okalta
Oils
Omnitrans
Steamship
Preferred
Canadian
—1
•
—
Exploration
—'
*
<
—
400
42c
48c
'
4.60
51c
38,850
2.10
20c
2.94
20c
4.75
Jun
100
21c
132,000
1.48
Jun
12c
2.15 July
Feb
24c
July
Ltd
Co
*
Royalite Oil Company Ltd
11c
*
11c ll%c
7%c Jun
18
18
6,500
18
4
15c
Canners
of
July
49% Mar
77
85
72
May
87
21
20%
Jun
Car
1st
21
100
19
Apr
21%
22
945
21
May
23% May
23% Feb
25%
2,250
Apr
26% May
26%
150
26
29 %
Jan
21%
35
20
Jan
14
200
Apr
11% May
26
13
15
Feb
17%
17%
425
17
July
19%
Feb
60
61%
580
55
May
67%
Feb
41
350
40
Mar
43
Feb
24
24%
18
May
30
Feb
common
—
Celanese
common
preferred
Dredge
*
—
Mar
13
13%
10
May
*
16%
17%
16
Jun
20
Feb
99
99%
98
Jun
100
A—*
15
15%
Apr
11
% May
•
26
26%
225
•
Alcohol
Canadian
Industrial
Canadian
Locomotive
com
Canadian Malartic
5%
22%
1°0
—
Preferred
Oil
Canadian
Feb
Jan
26%
Class A
Exchange
High
,
25 Va
pfd
A
Canadian
Low
22
•
71c
75c
2,200
Canadian Food Products common—.—•
Toronto Stock
17
44
25%
_10
Commerce
preferred
Class
$1.75
Jan
21
12% May
10
41
Canadian
Jun
14%
--
50
45
21%
Bank
Canadian
Oils
Pacalta
—
14%
75
*
A
High
14%
14%
*
Canadian
Range Since January l
Low
*
July
61c
May
class
Breweries
Conv
2.10
18%c
Jan
Shares
—
Cable
Wire &
common
B
Canadian
4.50
—
for Week
45
Lines
—
Canadian
Ltd
Co
Sales
Range
of Prices
Par
High
Class
Home
Week's
Last
Sale Price
STOCKS—
Range Since January 1
High
7.60
7.60
,
18
for Week
of Prices
41
MARKETS
JULY
Friday
Last
Vinray Malartic
ENDING
Sales
Sale Price
STOCKS—
LISTED
WEEK
FOR
(297)
22%
157/a
16
105
15
105
5
105
7,735
87c
July
14%
Jan
Feb
18%
May
105
Jan
37%
Apr
*
common
16%
60 %c May
100
Cos
preferred
15% «iu
Feb
106
Feb
Canadian Funds
Canadian
Friday
Week's
Last
STOCKS-
Range
Sale Price
of Prices
Canadian
Shares
Class
Range Since January
'
Par
Abltlbl Power
$1.50
& Paper common
$2.50
&
Oil
20 %
203/4
21%
37
36 %
37
21
21
25
18
*
A
100
~
Gas
Akaitcho
104%
104% 104V2
20c
*
*
125
188
12c
595
Mar
211
•
26
Jan
27%
Feb
July *
1.90
Jan
70c
3,000
65c
May
7,000
97c
Jan
9c
2,000
10c
53c
July
May.
74c
2,100
5 %c
Feb
38
4
5c
77c
Jun
1.87 July
12c
Feb
July
'
1
32c
Jan
1.75
5c
Jun
1.50 Jan
May
67c
1
Ltd
7,158
6%c Jan
13c
Feb
5,000
55c
43c
70c
Feb
May
8C
Feb
I,325
90c
13c
500
10%
54c
II,300
41c
May
1.03
Jan
13
Jan
1
class
A
13c
1
50c
10
;
;
.■
9%c
9%c
15c
10
1
Aubelle Mines Ltd
Aumaque Gold Mines
14%
12o
17c
175,100
10c
15c 16%c
10
16c
>
July
1.90
Jan
May
c
30c
Ltd
common
Nova
Metals
Mining
Power
&
Paper
class
A
650
5%
150
9
100
18c 18 Vac
3.90 May
*
„
,
'
4%
II,500
8% July
10
May
10%c
lie
27
27%
300
25%
34%
34%
270
34
9%C
9%c 10 %c
66,250
1
2,000
56c
20
Beaulieu
Yellowknife
Belleterre Quebec
Bell Telephone of
•
;
_
120
2iy4
,
,,
Jan
26c
Jan
27% May
Jan
39%
7%c Jan
23c
19%
Jun
23%
Feb
May
91c
Mar
Canada
Class
B
Ribbon
Preferred
100
common
Corp
250
Jun
Feb
Jun
6
July
1.35
16c
Mar
28 %c
Brand &- Millen
Oil
Columbia
2.90
3.00
1,800
8
8
15
Class
•
British
B
Power
110
34c
1,200
30c
May
51c
7
5
7
July
7
—,——*
8
8
25
8
July
8
July
July
9%c
10c
9,000
8c
May
35c
Jan
37c
37c
600
55c
55c
6,600
_—
Yellowknife
Colomac
Commoil
1
—
—
Commonwealth
Petroleum
55c
Conduits
National
Mines
6%
—1
Broulan Porcupine
Buffadison Gold—'—'
-
7c
7,500
5c
May
17c
Buffalo
Canadian
■!
;
Ankerite
Buffalo
11
.
ll1
665
1.65
26%
,
20
23
2,337
15%
16c
1,250
26 y2
22
15%,
1,80
26%
15%
6
21c
58,500
16c
,
26
3%
Consumers
Cadillac—
Buffalo Red
Building
Lake Mines——
Products
Bunker Hill
—J
'
Burns
&
class
*
B_—
&
4%
12% Mar
1.40 May
1.99
Feb
1.10 May
1.56
Jan
85c
1
2nd
Flin
Calmont Oils
Flon
Campbell Red
Canada Bread
Class
,
3Vb
Jan
4%%
pfd
—
1
Northern
159%
160
34
94c
510
Power
see
page
2%
Gold
Patricia
Aircraft
28c
69c
12c
Feb
9%c May
10 %C
10 %C
12c
2,500
18%c
18%c 22%c
9,000
Davies Petroleums
A
30%
30%
1.80
1.85
8c
3,300
9%c 10 %c
—
...
Delnite Mines
Detta
1
;
Lake
Mines
10c
1
Mines
Lake
Dexter Red
1.80
1
-
Nickel
Red
42c
1
—
55
29
Seagrams
Jan
Mar
1.43
.
Feb
2% Mar
Jan
28c
27c
Jun
Mar
31
Feb
2.44
•
12,100
9c
Jan
26c
7,200
36c
May
85c
Feb
50c
53c
7,003
30c
May
55c
Jun
1.12
1.05
17%
Feb
2,600
87c
May
57c
19,500
45c
May
98c
Feb
18%
48c"
3,460
14
May
19%
Jan
75c
May
*
89c
1.01
*
Diversified Mining
Dome Mines Ltd
1.60 May
Jan
1.50
45
44c
1
common
Jan
May
,
41c'
1
—2
Dickenson Red Lake
Discovery Yellowknife
*'
July
95c
Feb
55 c
May
39% May
3,300
D*Argon Mines
class
Mar
Jan
1.49
v
Feb
174%
May
14,900
^
Feb
Feb
89%
Apr
81c
88
—/
Leather
152
'
—
1.00
61c
78% May
7,400
Croinor Pershing Mines—
Coal
23
23%
20,950
1,317
360
10
Fabrics
25%
26%
25
15%
15%
18
25
*
Bank
6
6
115
14
common
30
Dominion Foundry & Steel
Dcminion Magnesium
1.70
Jan
1.34
Jan
Apr
Jan
24
29%
Jun
14
13% May
5
75
30
25
640
May
Jan
17
Jun
7
Mar
13
Feb
15
Apr
27
May
33%
Jan
7
Apr
9%
40
Jun
195
2,420
12% May
18
Feb
305
20
27
Jan
„
Feb
Steel
cl
15
23%
24%
30
140
24
23%
23%
24
455
23% July
30% July
26% May
12%
12%
12%
430
11
May
15
1
83 %C
83 %C
89c
41,900
64c
May
53c
Coal
24%
*
Stores
&
42%
15%
23%
Dominion
Dominion
51c
61c
380,400
17c
May
25,600
68c
May
12c
May
24c
Jan
26 %o Mar
57c
Jan
12%c
Jun
29
B
*
Jan
Dominion Tar & Chemical common—•
17
Feb
Dominion
Donalda Mines
13c
Apr
32c
Apr
27
May
45
Jan
101
Jun
Woollens
30
Jun
Feb
Jan
.
102% July
4% Feb
3% May
Dulama
Gold
—
Mines
Ltd
90c
Duquesne Mining Co
81 %c
99c
Duvay Gold Mines
300
35
2,100
5%
2
12c
14c
10.500
Feb
East
36c
36c
40c
8,800
29%
July
3%
Jan
Jan
East
9%cl0%c
12,100
1.62
90c
1.58
Jan
Jun
Jan
Feb
9
Jun
25% July
15c
13c
16
30c
Amphi
Crest
Oil
Feb
East
Malartic
East
Sullivan
Eastern
31
5,700
30c
July
1.03
1.1
12,300
80c
May
1.55
Feb
Apr
4.75
Feb
Elder
48 %c
Mines
Jun
30c
10c
«
5c
Jan
1.80
Steel
1.90
5,762
1.50 May
2.45
3.30
3.50
7,900
2.70 May
4.75
Jan
10
-—
1.80
3.30
Mines
Mines
9%
10%
800
8% May
11%
Jan
21
Jan
>
Feb
Feb
20%
20%
73c
73c
76c
8,475
68c
May
5,897
15c
May
35c
Feb
Eldona
Mines.
31c
30c
»2c
18,400
28c
May
25
5,000
24c
May
50c
Jan
El Sol Gold Mines—
37c
36c
40c
4,900
20c
Apr
57c *
May
28
May
32%
Feb
18
1,000
4%c
Jun
7%c
Feb
English Electric class A
Equitable Life Insurance
100
4%e
11%
27c
125
11
Apr
12%
Apr
12
May
15%
Jan
33c
Feb
400
4%c
2.50
2,500
2.31
12 %c May
14 % July
3,7101
1.70
Jan
8c
55c
8C
5,500
5%c May
54c
6"9C
8,750
24c
3.00
3.2S
71
4,500
18.14
30
30
15
Jan
-
16% May
2.63 July
17 %c
73c
Feb
Jun
2.30
Jan
3.50
class A
-
Gold
Eureka
Famous
101%
Jun
70%
Jun
30
16% May
30
31%
36
16%
,193
36;
16%
*
——,—-25
1
•
*
1
Corp
Nickel
Players
Federal
Grain
18%
18%
12%
12%
12%
2.10
2.10
2.15
9,015
4.20
4.20
4.50
2,615
17%
17%
1,395
55
53%
55
435
X
745
6
5
103
104
15
6%C
6%c
6%c
2,000
.—100
—
Kirkland
25.
17 %
—*
common
Preferred
295
6
19% May
1.36
90c
Feb
Jan
Jun
25%
Jan
12% May
14%
Jan
1.96 July
2.75
Feb
4.00 July
17
Jun
49 % May
4% May
98
5c
May
May
5.50
Feb
19%
Feb
67
Jan
9%
134
11c
Jan
Feb
Feb
Jun
80
9-/2
.
Fanny Farmer Candy Shops
Jan
105
Apr
75
Mar
23%
Jan
Fibre
85
8%
Products
Fittings Ltd
Class
Fleet
9
—.
Mines
Feb
10
71
18
16%
Paper
Federal
102% 102%
18 %
—
Eddy
Falconbridge
15c
102 %
*
65
42
50
24
13% July
30
_100
100
8%
116
28c
3.25
50
30
8%
Feb
May
21,400
18c
•
44.
85%
1,000
May
15%
50
26%.
——20
Canada Packers class A—.
Class B
footnotes
'
—*
common
Jan
May
159%
20
24
2,830
1
Canada Permanent Mortgage
For
1.11
•
4%C
1
Preferred
Canada
30c
1
Lake
65c
30c
84%
May
12,225
: : -|4
> ,'47
22c 25
11%
—*
;_1
1,800
6,500
1,925
8'5 %
29
25
B "preferred
panada Cement
26%
.
pfd
—
85c
32c 34%c
34%c
5
Mines
Crow's Nest
Davis
Jan
100
650
94c
Gas
Crowshore
7%
Apr
1.60
Exploration
Crestaurum
Jun
1.30
26% July
40
*
Calgary & Edmonton—
Callinan
*
1
Linen
,
2%,
22 %c
*
a
Calder-Bousquet
Caldwwell
26%
.
•
—;
Co
*
I,
Burlington Steel
6
Feb
60c
May
1.60
_100
Smelting.
&
Dominion Scottish Inv pfd
9.85 May
1.65 July
564
27,
33/4,
13%
1
Mines—i_
150
42c
1.15
1
Mines
Central
Mining
Preferred
102% 102
—
*
—
Gold
37c
Feb
*
.
Beattie
Consolidated
%c Apr
Feb
Jan
6c.
__1
—
6%
33
Jan
—5
Coniaurum Mines
Dominion
Feb
•'
Oil——'.L——i—_
15
12%
Feb
Feb
*
—
Dominion
Feb
7
59
44c
6%
class A—-
Jun
34c
Jun
30c
_
Columbia
Feb
8%
15%
6
12%
-
British
3.45
Feb
11%
75
*
55
Jan
•
..
2.10 May
Feb
Jun
1
Dominion Coal preferred
Dominion Electrohome
July
,__*.
British Columbia Packers "A"
Class B
i
July
50c
14% May
10
15
26
14 %c
*
Dominion
28c
100
Forest
Feb
*
—i.—-—
Jan
14c
*
L
:
Plow
Jun
7,200
1
4%%. pfd
May
13c
Jan
Collingwood Term common——
Jun
3,600
5
L
5c
6,000
Jan
61c
Coin Lake
14%
32c
•
Distillers
81,500
*
—
14
16%c
*•
.
Elec
Cockshutt
May
50
6c
1
Gold
common—.
—
Jun
28c
*
class A
Columbia
Dunlop
A
20
26
32c
5%c
Jan
4.30
May
5c
1
11% May
14c
Cordage preferred
I
25r
Brazilian Traction Light & Pwr com—*
British American
Class
34c
30c
*
Willans
Cochenour
Cochrane
26
2,60 May
*
Knitting
Malartic
10
30
1
Bed Lake Mines
Bar
Citalam
Coastal Oils—
20
121
3,600
2.20
Feb
1
,
36c 37%C
100
12%
2,400
Feb
19
Jan
May
103/4
Brantford
British
Jan
4
39,400
26 3/4 c
<■
Bralorne Mines Ltd
British
191
61c
—50
.
17%
2,750
14,500
3.70
Jun
9.75 Mar
Apr
29,000
*
common—
—;
6.75 July
182
'
1
Boycon Pershing Gold Mines
&
469
20
Bobjo Mines Ltd
Brewis
54c
187% 189
1
Bonetal Gold
Brewers
42
26% May
I
Gold
Biltmore Hats
Circle
Distillers
Bidgood Kirkland Gold
Blue
38% July
65,150
34 c
—* ■
„—
Bevcourt
31 %c
189
100
—:
Bertram & Sons' class A
50c
12c
3.45
Feb
19
Jan
July
40C
10 %c
Chimo Gold Mines
Feb
5% July
9
July
120
32c
l
—.
Jan
Denlson
7,600
383/4
l
Jan
33c
40C
11 %C
x
Feb
o
Bear Exploration & Radium
Beatty Bros class A
79 %c
July
Cub
Mar
34%
21
May
10c
Mines—
Chesterville Mines
Coniagas
-5.20 Apr
Jun
16c
27%
*
30o
Research
Cheskirk
Jan
39c
76c
•
41c
Chemical
Conwest
Jun
10
„
May
Feb
10
Scotia
Jan
25c
35c
Jun
1
26c
July
Consolidated
8%c
1
^
May
15c
Consolidated
,
Bagamac Mines
Bankfield Consolidated
Bank of Montreal
13c
500
Jan
20c
1.68
500
Feb
21,10o
Mines
2,550
Feb
4.60
1.68
Apr
1.45 Mar
14c
12%
May
Gold
1.10 May
1.50 May
16c
38c
20,100
9
3,118
1
1
1.72
23 %c
Jan
11c
5%'
26 %
1.35
14c
May
22c
4.35
23
May
1.27
16C
May
9%c
-
Mar
24
16C
8c
20 %c
*
L.
20
625
14c
11c
9%C
——.
45
25
1
9,100
20 %c
1
22
24%
1
17c
11c
22
25
Patricia
15%
I,500
22
May
May
Porcupine
13,700
17c
Jan
23
Central
May
9%
105
Feb
Central
Mar
775
May
20
Centremaque Gold
6c
10%
16c
Jan
1
j
-
;
Co
14%
6% May
91
1
.
Gold
•
14 %c
1
Mines
15c
*
,
14%
1
1
A
Feb
1.10
Yelolwknife
Electric
Jan
9%
97%
10
Quebec
Athona
13 %c
560
92
„
Mining
Atlas Steel
May
8
92
_
Hardware
Astoria
oc
7%
1.00
Mines
Gold
1,000
101
*
Castle Trethewey
Preferred
•
—
Arjon Gold
18c
100
common
—
Armistice Gold
Bathurst
21
Feb
11c
May
1.61
___1
—
Corp
of
630
75c 78 %c
——
Warrants
Base
145,700
26%
23% Mar
107
r
Preferred
Bank
95c
21c
26%
77c
Jun
103 % May
5%c May
36 %
208 ya 210%
263/4
1
..—
Mines
Class
65
17c
210
100
;
.
Auto
Jun
1,100
Apex Consolidated Resources
Aquarius Porcupine
Aunor
43%
35%
.
Atlas
Feb
36% July
1,000
1
Nepheline Ltd
Anglo Canadian Oil
Ashdown
22
150
;9c
American
Ashley
2,270
1.03
Aluminum of Canada 4% pfd
Amalgamated Larder Mines
Argus
Feb
20
Feb
25
200
—
—*
-
157/a
102
21%
*
Wirebound class A
11% May
102
21%
100
class A
B
Canadian
21%
9c
—
1
13%
25
Railway
Wallpaper
High
14% May
17% May
1.03
Steel common
Aluminium Ltd common
Area
1.697
1
Alger Gold Mines
Gold
18%
———*
»
Yellowknife
Algoma
Ansley
Low
20
class
Preferred
Acme
High,
•
20
preferred
preferred
1
Acadia-Atlantic
Low
Pacific
Canadian Utilities preferred
Sales
for Week
preferred
common
Mfg & Aircraft
Jun
12
Jan
45
36
July
40
16
Ju'y
18
Apr
Ford
20
188
Jan
Feb
Foundation
•
„
200
12%
25
2%
2%
2%
3,100
6% Mar
7
ll7/8
7%
Feb
10
Jan
13%
Jun
Mar
Feb
May
Jan
40
,
20
8%
12%
7
*
—*
7
8%
10
•
—
A
200
Fleury-Bissell
of
Co
class
4%
A_
—
4%
15
20%
*
common
Canada
21
1,200
23%
23%
40
Apr
Jan
23
May
23% July
26
Jan
19%
42
(298)
Monday, July 21, 1947
LISTED
CANADIAN
FOR
RANGE
Friday
Week's
Range
18
for Week
of Prices
Shares
Par
Low
Gold
Frobisher
JULY
Friday
Last
Francoeur
MARKETS
ENDING
Sales
Sale Price
STOCKS—
WEEK
16c
2.05 May
16%
Apr
19% July
20
109 %
Jun
111% May
12c
3,100
2.35
2,185
5%
Power
19%
19%
109%
110
•
II100
,1
preferred
General
•
common
„
«■
Bakeries
4%
4%
'4%
500
3% May
5%
Magnet
Consolidated
16
16%
330
15% May
18%
Manitoba
Gold
Yellowknife
Feb
common
Gold
Mines.
Glenora
Globe
1
6.25
6.15
6.25
1,750
10c
10c
10c
3,000
4c
3%c
4c
1,700
1
—
—__1
1
Lake
51
51
56
47,400
Gold
Oil
_
__
&
Lake
*
Gold
Goldale Mines—;
Goldcrest
Gold
Gold
Eagle
93c
._1
Maralgo
93c
3c
20c
9c
July
,
Jun
47c
Golden
J
Goldora
Mines
Mines
20c
Feb
Jun
Gordon
Tire
class
6c
6c
7%C
5,375
5c
Jun
61c
61c
68c
1,900
50c
May
Feb
30c
July
Jan
Mclntyre
Jun
50c
Jan
McKenzie
17%
29 V*
Jan
McMarmac
Red
July
74c
Jan
McWatters
9c
9c
2,000
7c
May
I8V2C
Jan
Mid-Continent
Milton
4,600
17c
4,500
May
43c
Feb
Jan
11c
95
530
!
Lake
Gold
11%
Model
Feb,
Modern
11%
Jun
16%
15%
16%
46
46%
13% May
458
West
Saddlery 1st pfd
Gold
uunnar
51%
50
Oil
39c
1
Gypsum, Lime Si Alabastine
14%
15%
*
Hamilton
Containers
47%
July
Jun
■*.
Modern
__
Tool
Harker Gold
7,000
30c
4,100
9%c 11 %c
33,000
May
16%
Jan '
4%c Jun
10c
Jan
100
7%
10
6
May
35c
42c
3,000
35c
May
2,300
9%c May
8c
Hasaga Mines
1
85c
Headway Red Lake
1
15c '
13c
8c
9%c
2%
2%
50
2% Mar
3%
Jan
8.60
620
7.90 May
10.50
Jan
j
31c
31c
13
Gold
Red ley
_
9%
Feb
7,500
7c
65c
Jan
18c
Mar
21 %c
May
Hiahridge
8'8c
6,277
85c
July
1.49
Feb
9%c
3,000
7c
May
15c
2,000
11c
July
1,100
96c
May
15c '
1.03
1.05
1.05
Mining
;
•
Dauch
:
_
——
Hoilinger Consolidated
Gold
15c
Mines
Oil
8%c
10%
5
Hosco
Gold
*;
j.,
.
Yellow knife
Homer
National
Mines
Drug
Chemical
Jan'
18c
960
18c
Feb '
11%
2.75
7,300
>
Jan
3,900
33c
July
40
4.80 July'
Jan
14c
May
1,630
National
5c'
Hunts Ltd class A
*
44
!
64c
Sewer
Feb >
5%c
4c
9,500 "
Jan
13c
May
11
11
238
10
May
12%
230
25
Apr
30
Jan
15 %
15% July'
15%
3,384
12%
Jan
-365
15%'
16*
16
13%
Jan
'
Inspiration
Mining* .1..;.
-
10
14
17
Jan
Jun
* Jun
V 24c
53c
May
85c
36c
Jun
42c
9c
9,000
7c
2,500
2,000
8c
■
...11
_j__
1
60c 60 %c
8%c
New
Coal
Int'l
Metal
&
Coke
class
International
!•
;
A
Co
Petroleum
Mountain
37%c37%c
28%
__
/
-
Jan
34
34
13%
235
29%
35% *
'
13%
35c
Mines————__50c
Mar
31
32%May
Jan
37%
Mar
26
4,475
!
Jack
Waits
Nicholson
12% May
16%
Feb
35c
90c
10c;
1
40c
3,800
1.40
1,000
1.35 July
3,200
7%c May
10c
10c
2%q
—-1
10c
July
1.68
Jan
15c
■
..
1,000
Jan*
i
:
T';> 6c:-,
2%c
4%c Feb
Jun
16c
8,600
14c
July
55c
Jan
35
9%
9%
33c
37c
•
14
30
13
35
11
Jan
28% July
;
570
29
10
10
8%
Jan
.
'Mar
13
Jan
Jan
12%
May
Apr
33c
'34%
17%c May
5,500
29
40
35
Jun
40c
Feb
35
July
24
24
I
305
22% May
26%
Feb
27
27%
140
26
28
Jun
2.02
__1
2.00
2.10
3,500
24
Jan
1.82 May
2.55 Mar
4%C
5c
2,500
4c
May
80c
80c
1,200
78c
July
1.45
Jan
38c
40c
18,750
30c
May
65c
Feb
12c
9c
12c
19,300
6c
May
6%C
6%c
7%c
2,000-
1.50
1.60
1,205
1
80c
•
_________________
39c
__
_
Mines
•
12%c Jan
_
.
.
5%c May
•
1.25
17c
Jan
13c
Jan
2.10
Jun
Jan
Norbenite
Nordon
•
_i__.
:
Malartic
Corp
45
1
Mines
^___
2,142
43
May
32c
27c
:
20c
20c
6,000
25c
July
22c
4,600
12c
Jan
45%
44%
30c
1
;
54
Jan
83c
Jan
24 %c July
Mines
9c
Jan
2.05
3%cMay
Jan
4c
4%c
1.63
6,260
25c
1.45 V ;■!
•
;
1.45
25c
I,500
19c
May
44c
Feb
7,600
7c
May
16c
Feb
780
56c
May
3,000
24c
4c
1
—4.
Normetal Mining
Norpick Gold Mines
3,500
-
1.32 May
"•
i
!
_1
-
1
-
Northern Canada Mines-Notth inca Gold—-_1
8c
*.'■
8%c
80%c80%c;
.
L
8c
-I
36c.
36c,
37c
85c
\
Jan'
V,
MInea
(1940).
'
8c
Norzone
9%c
26c
Rouyn Mines
25c 26VaC*
•
*■'
34,900
•
kJ
Apr
10c
Jan
3%
400
4.%
Apr"
v
5c
17,000
4%
6c
North Star Oil common—
Jun
48c
'•
Jun
6
Feb
Gold
Mints
Ogama-Rockland
:
2.15
2.15
2.33
65c
1
76c
Feb
25c
65c
*■
-
10,570
May
2.67
500
46c
2.20
28,950
40c
Jan
15c
500
14c
May
Jun
Feb
1.77
1.80 May
,
Okalta
—
Oils
•'
1.90
1.97
.
Apr
Malartic
15c
—*
*
2.25 July
21c
Omnitrarts Exploration
500
6c
July
9c
Feb
37c
Jun
60c
Jun
Ontario
Steel
>19
—1
Crush
%c
•18
'
:* 19
—V
common......
16
—
•
19
.
16
7c
37,300
21c:
%c;
50
Jan
-
19%
Apr
Jan
23
18%
_
July.
Feb
«
T.
16%:
24c
May
47g -
13
Feb
6c
14c
1
Ur.
J.i-
'
Jun
37c
Jan
19 c
8%c May
500
2%c
2%c
15c,
*•
..
»
27%
May
Jan
35c
8%c
Mining
Jason,.Mines
Jellicoe; Minis
15c
%
*
Mines
13%
29
1
Mines
Nipisisng
Orange
Jacola
13%
u__10
~
Gold
Yellowknife,
O'Leary
Jaoknife Gold
7,755
Feb
74% Mar
Jan
4,685
14
1.35
1
1.35
100
20c
!_•
Car
i
Marlon
O'Brien
1
27%
.
Feb'
•
•
....
International Uranium
Island
__.;
*'•
common
•-
International
:
2,..:
Nickel
-
.
1
___,
27%
18 %C
*
Bidlamaque
New
Northland
Int'l
27%
18 %C
May
26% May
15% Mar''
*
1;
65
Jan?
26%
15
1
common—--..",—''
i_
160
25c
Norseman Mines
i_
72%
*
Pipe class A
New Calumet Mines
Norgold
Gold—
71
Feb^
45%
Jan
26
•
....
Varnish
Jan
72%
11
Petroleum
Noranda Mines
5c
Lake
Jun
22%
Feb
9.50 May
I
1
Indian
9
18
16 % May
5
'
Steel
23%
Jun
43
Imperial
Feb
21% May
Jan
765
_20
Trust
Jun
35c 39 %C
is y8
Jun
-15%
15% May
2.5
17%
A
Class B
National
Jan
7c
44
11
pfd
preferred
class
Negus Mines
May
1,000
•
<
7%
25
17
1
&
National
8c
9c
Hudson Bay Mining & Smelting.
Hugh Malartic
Imperial Bank <
10
Imperial Oil
•
Imperial Tobacco of Canada ordinary_5
8%
16%
17%
25
Hosiery
Feb"
8c
25
4.65"
9c
1
:
8%
37c
Mar
12% July
19% May
•
;
Grocers
Jan
1.40
97c
19%
4,600
6,200
11
4.301
4.40
__1
.—
18c
'
*,
•
National
Nib
Home
100
16%
*
preferred.
Feb
35c
23 %c July
18,500
14%c 15%c '
20
* 20
*
__
27c
8c
8c
•
—
Sarcee—
Hinde
26c
27c
l
250
Feb
-
High wood
&
85c
15c
1
2,200
13%
20 %
Feb
8%c
1
_
Mascot
Heva Gold Mines
32c
13
20
Feb
5.50
4.25 Mar
National
Heath
Jun
8.55
Mylamaque Mines
2,500
14 c1
Feb
14 %c
Apr
•
Moore Corp common
5c
1
Mines
Feb
20c
8.55
»
13
7%
Mmes
Gold
5%c
Feb
62c
ll%c May
10%c
Jun
94c
Jan
4.65
1
Harrtcana
62
May
May
40c
common
57c
5c
1
47 %c
15cl5%c
Works
Knitting
July
4.65
__
Mines..
4,700
30% July
104 % July
35c
Montreal Locomotive
31c
5c
Gold
60c
!_*
Feb
4.65
Bridge
Rock
58c
Jan
Jan
35c
:
common.;
National
Hard
Jan
Apr
54
»
..
4%
Halcrow Swayze
Hallnor Mines
11
•
54
1,500
15%
23%
101
10
765
58c
*
1,965
40c
695
61
15c
:
51% May
5
51%
Feb
Feb
32
Jun
1
A
Monarch
Great
6OV2
16% July
46
4,839
46
Jan
Apr
21%
Jun
9%
»
Oils
Class
Great Lakes Paper new commonNew preferred
30
104% 104%
\
Brick
Jan
113
July
95
40
ii %
1.15
18c
14% May
27%
20
Feb
4V2c
95
A
430
10%
Feb
10 %c July
8%c May
1,370
29%
2^%
29%
Gold
3.30
2.15 July
6c
18%
29
5
Red Lake
12c
25c
.17
10%
100
Porcupine Mines
2,000
23c
500
Feb
Feb
14%
11% May
'
*
•
Preferred
55,921
5%c
10%cl0%c
*
A
McColl Frontenac Oil common.
22c
23c
23c
23 Vic
Jun
110
July
2.45
5%c
May
2%c
13
20
class
2.25
*
;
1.50
1,000
12%
-
common
12c
11%
common'
Maoxay
2%c
12%
Mining Corp
Goodyear
5,550
2%c
Mines
Preferred
Jun
15c
High
59c
May
1
Massey-Harris
4% July
9,850
2.18
-1
:
1.90
30c
1
Gold
9c
_1
Goodfish Mining
1.75
85,140
•
;
14c
,_1
—
1.75
54c
1.98 Mar
Apr
11c
31,500
2.20
•
Porcupine
Mines
Goiavue
16c
6%c
J
Manitou
57c
1,000
4%c
6 Vac
Golden Arrow Mines
Goldhawk
13,590
17c ,f
24c
17c
1
—
Low
Jan
63c
July
37,600
1.05
17c
;
—
Mines,
Range Since January I
High
47c
•
Mines
Martin-McNeely
7.15 Mar
5.40 May
10c
Jan
20c
—
47c
1
Eastern
McCabe Grain
God's
Low
1
Maple Leaf Milling.-
Marcus
Giant
Gillies
Shares
Jan
16
—
General Steel Wares
for Week
38c
May
Malartic Gold Fields
Gatineau
Sales
Range
of Prices
Par
Feb
3.25 Jan
50
17c
2.26
Exploration
High
Low
High
15c
Week's
Last
Sale Price
STOCKS—
Range Since January I
Red
Osisko
$%l'.
V,
Orlac
—____1
Lake
30c
30c
34c
1.20
1.17
1.25
17,000
60c
60c
62c
5%
5%
6
26c
5,800
1
Lake
Mines..:
70c
1.04 Mar
Feb
2.26
May
Jan
"
Joburke
Joliet
Mines
Quebec
Kelwren
Keno
Ltd
Mines
Hill
45c
33c
May
95c
Jan
21c
May
55c
^crv.ArVison
Gold
45c
1,000
40c
Jun
57c
July
31c
500
25c
May
42c
Jan
Kirkland
Mines——
Golden
Labatt
15
15%
3,220
60c
Gate
60 c
60c
825
15c
15c
17c
17,700
52c
52c
900
,2.09
2.20
24,850
...
Kirkland-Hudson
Kirkland
15%
i.
...
...
Lake
(John)
23%'
23%
...
12%
Feb
20c
Jun
14c
July
1.05
2.22
July
26% Mar
July
..1
5.00
5.00
5.10
740
16c
16c
19c
5,000
15c
Jun
61c
Feb
Lane Dufault Mines
__1
50c
50c
50c
500
35c
May
8'6c
Jan
Fortune
Lake
Rowan
Lake
Shore
Gold
5c
6c"
20c
Mines
__
18c
20c
15
15%
3.40 May
6.20
Lu
Wssa
Pacalta Oils-—i
Luz
Mining
Mines
8'8c
___
•
Apr
15c
July
33c
Jan
16%
Jun
Jan
88c
2,100
May
1.25
3.15
3.15
200
3.00 May
4.50
Jan
6-.50
.....
6.60
860
5.70
7.25
Jun
83c
' J
6.60
Lang & Sons _i—
Lapa Cadillac Gold
*
Larder
Laura
"U"
Mines.....
Secord
Leitch
Gold
Jan
7c
Mines, Ltd-—-.;™."..
,
1.20
Loblaw
Class
Groceterias
class
B
July
13c
Jan
36c
26,300
22c
May
50c
Jan
7c
8,000
18%
100
71c"
71c
JL 62
A.
:
1.19
18c
—1
May
6c
6c
—1
Long Lac Gold Mines Ltd..
22
Apr
5,700
3%c
—1
19%
8%c
18
-1
Gold
40
32c
-3
...
20
Vc
,
32c
—1
Candy
Lingman Lake Gold Mines
Little
8c
__1
—
Lebel Oro Mines
Lexindin
~1
...
Lapaska Mines
20
Feb
.
28
LG0
4c
5,800
18c
Jun
1.16
4%c
12c
May
May
Feb
1.40
Jun
63c
Feb
Page
Tubes
•
29
29
29%
•
1.50
1.46
8c
Hershey
Pamour
Cadillac
Pandora
1
7
Jan
1.32 Mar
Lynx
Goldfields
Gold
Yellowknife
Macassa
1
Mines———
Gold
A
Mines
Macfie Red
Lake
_—-i—:
—
MacLeod-Cockshutt
MacMillan
For
Lake
footnotes
———
Gold
Export
Red
•
1
MacDonald Mines
saadsen
1
Mines
—
Gold
see
Mines
plage
1
8,500.
28
14c
2.00
23c
Pen-Rev Gold
Gold
Perron
Piccadilly
Mines
1.45 May
2.40
Jun
33%
Jan
26%
Jun
31%
Jan
25c
4,600
•
!.
1.80 May
4,100
.
16c
5,500
3,50
3.45
3.60
2,245
3.60
2.80
38,780
2.25 July
13c
14c
16,000
1
1.65
1.60
16%
3.25
50O
11c 12%c
II,000
Jan
Jan
1.18 May
6c
May
,
10c
.
20c
Feb
23 %c
Jan
12c
May
Jan
8,000
6c
Apr
3c
500
3c
July
5%c Jan
43c
46c
4,850
42c
July
57c
8%C
9c
10,700
8c
May
29c
6
,,,100
1.01*
.
5%
6
Apr
Jun
Jan
July
98c
July
1.31
Feb
7c
4,400
July
17c
Feb
3.30
Feb
98c
7c
8%c
2,050
2.60
2.60
2.75
2,000
2.30 May
3.90
4.00
900
34c
31c
35c
6,433
3.25 May
25c
May
4.40 May
45c
Jun
32c
31c
33c
5,100
27c
43c
36
35%
26
1,535
33%
6,350
75c
May
1,700
71c
Jan
Pioneer Gold Mines of B C__
Porcupine
Peninsular
Reef
_—
Gold—_—
May
Feb.,-
'
Powell
River
—
-__1
Power
v
—
Premier Trust
East
13
17
65C
65c
750
38
Jan
11
Jan
1.60
Felt-
Snt
Jun
49%
1.67 Feb
Jun
59c
IlOO
65%
65%
15
I
_____—_—-
12%
13
335
1.92
1.92
2.12
13,282
14
14
14
9
1
Dome
—i—,__
KrAkViW
■"*:
1.32
l'65%, Jttlj?/;^
1:?"rt13%'Mar
97/a May
'2.15:July"-
May'
12% Feb
common-
-10
54%
—40
_—
1.72-
15; jvj^Apr:!
18
3.40-
2.80
Quemont
Regcourt
Mining
Richmac
Gold
Feb
Riverside
Silk
2.25
3.95
44.
—
Mar
54%
54
May
64c
May
'r.x'i
14% May
/SSvtirJait^s
1
1.06
1.00
1.07
16%
16%
16%
2,723
(1936)—.
class
A—
24%c July
25c May
1
Feb
Robinson
Cotton
Mills.
Robinson
(Little)
Roche
common.—_——*
1
1'
''
27c
27c
34c
18,000
26c
25c
26c
10,000
33
75
32%
11
33
*
Jan
Lac
1.14
13% May
Jan
Long
13,036
1
1
Gold
Jan
19
May
13
200
■*
Jan
4.20 Mar
15% July
.
125
'
Queenston Gold Mines
4.85
1.30 May
825
2,700
iti
May
1,000
14
54%
Feb
Jan
39c
1S^ Jun
2,700
8c
9 %c
14
9%C
—1
Purdy Mica Mines
Flour Mills
Purity
'
"Feb
—
_______
Gold
Pressed 'Metals
Preston
1.10
1.10
13
Corp
Premier
99c
1.01
1.03
—1
Gold
Powell Rouyn
28c
3.05 May
2.60
14c
„
3,850
8c
Feb
V, 33%
1.70
27% July
1.55
1.20
98c
39c
May
13 %c July
2.66
,3,25
Feb
165
5%
Mines
Feb
28
480
1
1
65c
Jan
7%c
—
Mines
Gold
Jun
May
7c
Porcupine
Crow
15c
15c
84c
45c
Paymaster Cons Mines
Proprietary Mines
200 "
.13 %c, 14 %c
18
5%c May
1,200
6,300
--
29%
1.90
Mar
3c
.
1.90
■
_*
7c
1
Malartic
Partanen
Preferred
Louvicourt
Lunward
Feb
6
Feb
8%c
Malartic
Parbec
12C
1
Mines
Paramaque
Jan
34c
75c
May
4%
27,165
35c
1.19
(Jan
.21%
2%c May
•
600
1.75--
28
17c
May
16,700
,
,75c
27%
•
1,500
1.24
•
4c
18
45c
250
" 12c,
30c
1.07
1'
Gold
Porcupine
Lamaque Gold
10%c
1.07
(Eastern)
Jan
13 %
11c
30c
1
Porcupine Mines Ltd
Pacific
People's Credit Secur
17c
750
"
9,000
"
Pickle
Lake
i
—*
Feb
4c
1,500
1,300
15%
...
I
Mines
Car
Jan
Jan
23
Jan
May
1.33
46C
__1
Lake
Osulake
^
Jun
60c
May
50c
55
16%
•
Labrador Mining & Exploration..
Laguerre Gold Mines
Ltd
,r '
.
Pacific Petroleums
2.09
Lake
i.
Jan
45c
45c
—
5,200
37,600
31c
Mining Co Ltd
.-
Ottawa
44c
34c
r
Kerr
2,500
29c
29c
Gold
45c
40c
■'",
'
Gold
Kenville
45c
12
*
8%.
12
50
8%
8%
210
6%
8c
8c
600
5c
Jun
May
Apr
May
JUfl.,1
21%'Jan;j
,
80c.
Febn
47C'
F&Ka
"38'
Mar
i.t. * J "--'i'
ii
\
14
Jan
10% May.
12c
Feb
Volume
Number 4613
166
THE COMMERCIAL & FINANCIAL CHRONICLE
CANADIAN
RANGE
Friday
Week's
Range
Gold
Roxana
Oils
Low
Gold
23%
430
18%
18%
275
23c
4,300
18c
13%
14%
2,850
11%
2,500
7c
45C
1-10
30c 34 %c
23%
•
Royalite Oil
60c
30c
•
Co
45c
23%
I
2,000
33,160
34,050
20c
Mines
Royal Bank
Roybar Chib Mines Ltd
Russell
Industries
Ryanor Mining
Saguenay
St
•
common
—
105% 105%
•
14
preferred
San
Sarnia
Gold
Mines
Ltd
1
_
Mines
—
(1945) Mines— __i—
•
Winnipeg Brewery class A.
IIboo
Gold
1
Sherritt-Gordon
Gold
Sicks' Breweries
Mines
12
100
38c
7,900
20c
1
3.15
3.10
Ltd
Silver
(Quebec)
Dairies
Silverwood
class
13
13%
26%
485
23
23%
305
105
95
53c
2,050
1
————
(N)
•
Mines
1.38
*
(1944)
Standard
Starratt
»
Stedman
Steel
class
of
Preferred
Steeloy
Rock
Steep
Sterling
Iron
Mines
1.39
19,500
91c
May
60c
3,733
50c
May
8%
200
7
May
5
100
July
Coal
100
7
7%
21
5%
1,1104
6
3,500
14%
2.11
12
200
1.99
Texas
Canadian
Thurbols
Tip
Toronto
Works
115
26
11
July
70c
May
Resources
3,500
200
,v
11%
33c
80
155
12
21%
Jan
7c
May
4.25
National
77c
Co
10
25
97/a
15
Mar
26
May
31
Feb
4%
5
3,200
43
May
64
Feb
83 V2
83%
84%
225
3
May
5%
Feb
18%
18%
18%
100
67% May
88%
Feb
22
22%
60
16
18%
Feb
22%
100
Dominion
&
Canadian
-
«
Sugar
Industries
Vickers
L
♦
,65c
,
Oil
DeHavilland
Dominion
Donnannna.
Foothills
_
—
&
July
Feb
12%
Feb
Jun
58c
May
77/a May
1.10
"
8% May
10
14,503
Feb
Southmount
% Feb
61c
24
24%
40
40
24
1
—
18
3%
Feb
32c
Jan
72c
Jan
26
July
41
13%
25
40
18
19
35
2.75
300
14% May
1.90 Jan
23%
24%
•
24%
525
20
Jun
t*\
41
May
'
60
Jun
.51) %
.100
50
CO
52%
2,650
Jun
Mar
Feb
19%
Feb
3.00
x-.
Jun
_
30
Feb
55%
Jan
68
Jan
60
19%
18%
19%
28
27%
28
160
5c
6c
6,000
2.26
40c
41c
3,535
23c
Jan
42c
Jun
35c 39 %c
•
60
2.25
-
2,500
22c
Jan
45 c
Jun
*
common
-
_
*
41C
•
common
*
_
15% May
50
.-1
7%c
50
5
8%c
21
27%
30
Apr
4%c May
2.20 May
725
7%C
2,000
_
Temiskaming Mining
3,225
"
♦
Investment
Petroleum
14
50
Feb
Feb
8c
Apr
3.40
50
July
6%C May
Jan
July
12c
Jan
A
Statement of Condition of the 12 Federal
RATES
CERTIFIED
BY
JULY
Reserve Ranks Combined
thousands
(In
FEDERAL
11,
1947
Noon
■
..
TO
RES
ERVE
JULY
17,
Increase ( + ) or
BANK
1947,
TO
TREASURY
UNDER
TARIFF
OF
1930
Assets—
in
United
States
July 12
-
$
notes
Money
19,475,179
fund
,
Total
Official
'V
Australia, pound
.297733*
.297733*
.251247*
.251247*
3.208953
Closed
3.208953
.022829
Brazil, cruzeiro
'
July 17
$
ri
for
F.
3.208953
.297733*
ctf.
.251247*
U.
.251247*
3.208953
—
reserves
$
99,000
.022826
.022825
.054406
———
+
2,130,971
+
2,089,293
2 018
96 982
purchased
21.592
99,353
21,306
41,678
—
.
7
1,731
—
+
—
—_
42,530
104,152
553
42,323
securities:
Bills
14,043,725
50 991
6,619,266
Notes
.022831
.054406
advances—r—.
loans
Govt,
S.
723,671
253,498
and
Certificates
3.208953
.054406
•
Discounts
Acceptances
.297733*
.022832
.054406
+
R.
20,198,850
—
gold
Industrial
\
"*,v
.251247*
Belgian, franc
July 16
'
.297733*
Free
July 15
July 14
$
1946
$
.
Other cash
July 11
July 17,
1947
$
certificates
Gold
\
INCLUSIVE
July 9,
1947
ACT
Buying Rate for Cable Transfers in New York
Value
•'
dollars)
Decrease (—) Since
Country and Monetary Unit
Argentina, peso—
of
July 16,
Redemption
!
Apr
Apr
19% Feb
575
"
,
36%
14% May
3,045
!
give below a record for the week just passed:
_
Mar
2.75
♦
Selections
Southwest
2%
Jun
-
•
Gas
26
19%
Pend Oreille
Feb
16
200
18
—
Minnesota & Ontario Paper
Oil
Jan
3
20
*
—
Ogilvie Flour
21'/a July
21'/a July
Feb
3
27/a
60c
_
12
25 %
41
—
International Paper common
Langley's Ltd preferred
Jan
23% May
Jan
1.75
41
*
Hayes Steel
Feb
May
30c
Jan
21
100
_
common
common
Paper
Oil
20%
440
19%
*
—
200
2%
34%
41
•
Aircraft
Glass
22 Va
3
2
Paper
Jan
2%
-.1
common
8%
33%
•
common
Western Lumber
Dalhousie
Jan
'fcl
Feb
21 Va July
475
Jun
180
4%
__
-
High
40
56
*
com
common
-
Low
30
55
22%
Pulp & Paper
•
Range Since January 1
High
30
—
Gold
Canadian
Low
♦
Canadian Marconi —1
Jan
60c
May
10%
2,400
10
Shares
522 of the Tariff Act of
1930, the Federal Reserve Bank certifies daily
to the Secretary of the Treasury the buying rate for cable transfers in the different
countries of the world.
We
f
Jan
for Week
requirements of Section
EXCHANGE
Feb
3.40
Sales
Range
*
Corp.
Columbia
Canada
Jun
1.40
,t
Week's
of Prices
Foreign Exchange Rates
FOREIGN
17c
Exchange-Curb Section
44.
page
17% Mar
2.70 May
Sale Price
:0-
Pursuant to the
13 %
1,500
Mar
Supertest Petroleum
see
Apr
1,625
9c
19c
Jan
May
11
12
9%
footnotes
21c
10c
16 Va
Jan
Apr
21 % July
-70c
Union Gas Co.
May
7,200
16
__
10c
Bulolo
Feb
1.00
Jun
18c
2iy8
21 Va
70c
Jan
7Vac
16
Jan
12%
May
18
500
11
21%
•
1.35
35c
45c
11
—
29c
84,100
Canadian
28
3.20 May
2,412
19%
11
—
Apr
14c
Mar
2.75
Feb
10
4.10
43c
19%
*
class A
Jan
10c
10Vac
Preferred
Jan
31c
1.98 May
100
—
For
2.85
May
1,100
24 %c 24 %c
rts
18c
5,500
11c
__
"
19c
9,200
43c
—
Transcontinental
1.70 May
2,525
50c
*»»*.
Iron
rts
Feb
7%cMay
14c
13cl3%c
131/20
Jun
Brown
Jan
1.35
*
Finance A
B
31
Jun
28c
Mar
1.35
_
Toronto
27
Friday
July
11
3.85
—
135
70,500
May
Feb
10c
46c
1
Traders
2.65
12
27
26%
•
Elevators
Jun
75c
11
__
27 %
19c
British
27c
1,900
«
Tailors
Tombill Gold
Feb
27
9c 14 %c
39% Mar
Canadian Funds
Jan
May
2.30
*
Mines
Top
83
5%c July
2.17
1.35
Apr
38%
1,410
Consolidated
—
27%
July
36'/a May
3,100
'
Oil
26
21c
Asbestos
17c
13,700
10
Thompson-Lundmark Gold Mines...
23% May
10
195
3.20
Jan
1,000
22c
3.85
iviar
20c
17%
1,000
2.10
75c
1
Jan
7% July
5iic
26
Par
Mar
21c
26%
26
Jun
Jan
3.15
1
Girl
Jan
9
22C
•
7
13c
Andian
1.75
7,675
12
*
....
195
21% May
22c
20'/a
22 %c Mar
—
__
27
4,333
•
Jan
12c
2.17
—_—
8
July
7c
common
4,500
1
13% May
100
22c
(G)
common
Mines
Yankee
1.06
2,000
22c
Tamblyn
Jun
13c
5 Vic
Taylor Pearson preferred
Teck-Hughes Gold Mines
60
25c
Yellorex
89% Mar
22c
Gold
7%
Jan
3.15
May
Jun
5%c.
River
5%
55c
July
1
Taku
__1
STOCKS—
80
1
Sylvanite Gold Mines
25%
Feb
4.95
•
Feb
76
—
—50o
12
4.20 May
7%
__
Feb
23
15
Sudbury Contact
—
7.35 May
2,895
Last
8
Apr
30
2.04
1
2,578
24c
__
Apr
78
Sturgeon River Gold
Surf Inlet Consol Gold
105
80
'
Mines
Sullivan Cons Mines
Jan
Feb
9%
12c
-
Feb
2.65
38 Va
1
Toronto Stock
76%
2.05
10
3,600
7% May
2.00 May
26
Jan
Apr
19
55
70c
14%
5%
20
78c
80
1
Feb
Jun
Jan
—
_
Feb
21c
38
1
1.40 July
♦
Mining
Jan
Apr
56C
76%
6%c
Mar
8%
~~~25
.
8 V4
27
•
common
Mines
Larder
18% May
1.25
—
Feb
49 %
5 Mi July
Jan
106%
33%
66c
—
21
27
Jan
29
May
68c
6
•
common
32%
Jun
17'/a May
42% Apr
24%
__
1
Ymir
Apr
21
_
Canada
Jun
Jan
30
Wright Hargreaves Mines
13% July
May
11—1
Bros
Co
4.75
25c
•
10% July
19% May
(George)
Winora Gold
Feb
May
7
*
A
Gold
2.32
7.80
21c
July
38%
Winnipeg Electric
Feo
17
*
Radio
2.25
High
May
815
7.75
8c
30
3,500
*
common
Wilt.sey-Coghlan
Feb
24%
16c
8V2
8 Va
245/a
A
Wingait Gold Mines Ltd
10 %
53c
•
1
*
Grocers
Class
Winchester
19%
Apr
104
16c
8%
*
common
Products
Weston
13% July
Mav
(G & W)
Ltd
Consolidated
Western
14% July
28
—
Olsen
Apr
May
45c
59c
.—
Preferred
Feb
Jan
10
—
common
5.35
Westeel
Jan
75
100
Paving
Walker Hiram
Waterous
Jan
1.65
11% May
6% Jun
'
Wgite-Amulet Mines Ltd
Jan
13%
30
Preferred
Standard
43c
May
17%
•
common
4.60
Jan
Mar
30
*
Springer Sturgeon
Standard Chemical
50c
4.70
__
Feb
4.50
17%
—
20
_
:
—*
44%'
12%
84
104\
7.50
25
Ltd
Wekusko
25c
1,368
10%
23%
•
Mar
preferred
Feb
15
8.75 May
26
104
Co
100
10
•
Gold
Stadacona
17,000
10%
Preferred
Slater Co
10
35c
26 %
*
Class B—
Siscoe
9.30
.14%
13
*
Class B
Simpson's Ltd class A
Southam
9.30
14%
•
A
2.26
Ventures,
106
Jan
12
30C
1
July
12%
35c
Upper Canada Mines
July
2.06
9.30
Mines
15c
May
Jan
150
115
•
64c
130
140
Steel
12% Mar
13%
46
6 %
United
May
14%
46
5%
50
14% July
Apr
27c
13%
270
•
1.00 May
12,213
14%
5
common
Miller
3.20
19
Oils
May
14%
„
10
United
11
20
preferred
30
Jun
May
15 %c May
100
30
__
Jun
3.25 May
2,700
A
5,060
21
11
1.10
B
class
Low
15c
18 %
*
Range Since January l
High
14c
__*
Fuel
Class
14c
45c
31c
11%
Corp class A
United
Jan
16c
1.10
—
Silknit
24c
Jan
July
32% May
11%
Vtc
Sigma Mines
Shares
Low
1
Class B
Jan
25
Mining
United
Feb
1.03
Apr
104
250
12
20c
July
22%
3,174
37c
•
common
45c
13,000
Creek
Sheep
42
25C
„
Shawkey
Shea's
Sales
for Week
of Prices
Par
Union
VaC. Feb
58c
May
9%
4.25
—
Ltd
28c
220
24c
24c
*
Bridge
Senator Rouyn
Range
Sale Price
STOCKS—
High
12
May
14%
4.10
1
5c
75
14%
40
—
Antonio
Bannorm
11 %C 14 %c
__
100
Lawrence Corp common
A
14%
1
—
preferred
Power
Low
9c
Week's
Last
Range Since January 1
High
8c
—
Merger
Rouyn
18
Friday
Shares
Par
Rochette
JULY
for Week
of Prices
43
MARKETS
ENDING
Sales
Last
Sale Price
STOCKS—
LISTED
WEEK
FOR
(299)
97,500
369,300
+
30,551
—1,246,466
—
226,300
.054406
Bonds
—
725,690
1~700
21,757,981
+ 146.-791
21,859,065
—
29,600
.
•
Total
,
Canada, dollar—
j
Official
-
■
.
-
•_
:
'
Closed
1.000000
1.000000
1.000000
1.000000
.916640
.916015
.915937
.913125
.914609
Colombia, peso
.569800*
Czechoslovakia, koruna
.020060
.020060
.020060
.020060
.208621
.208621
.208621
.208621
4.027109
4.027187
F.
4.027109
loans
from
R.
and
foreign
notes
securities-
+
125,478
125,814
+
19,869
2,867,646
banks-—
other
of
+
533,952
102
banks—
...
'
,
.569800*
.569800*
.569800*
Bank
4.027109
France (Metropolitan) franc
.301717
Mexico,
Closed
.008406
India (British), rupee
.205753
peso
.205753
-
.008407
.301729
.301717
-
.301704
.205753
.377695
.377674
.377685
51.075
1.000000
Closed
1.000000
Zealand, pound
Union of South Africa, pound
1.000600
1.000000
'.913541
.910833
.911875
3.221833
3.221833
.....
.201596
.040116
.091324
.201596
-
-
.201596
.201596
.040235
.040260
.040285
.091324
.091324
.091324
.091324
.278271
.278271
.278271
.278271
.233628
.233628
.233628
.233628
4.007500
4.007500
4.007500
.278300
.
.233628
4.007500
Noncontrolled
•Nominal rate.
acct.
Treasurer—gen.
Foreign
acct.
U.
S.
756,000
496,735
Total
deposits
—
-
Deferred
availability items
liab., incl. accrued divs.
Closed
Total
liabilities
18,044,233
+ 799 930
93,637
—
+ 146,031
+
190,402
+ 115 095
7,543
—
+ 443,985
2,478,959
+
447,049
10,804
+
1,165
44,684,305
Capital Accounts—
Capital paid in
Surplus (Section 7)
Surplus (Section 13b)
Other
capital
:
—
+
619
693,210
—
77,459
+
368,604
+
242,909
-r-
105,692
—
398,055
+
310,339
—
798,562
+
148
+
107,766
+
1,491
+—
629,444
.658300*
.562620*
.658300*
.562620*
.658300*
.562620*
.658300*
.562620*
purchased
liability
on
for foreign
gold
81,468
+
45,387,998
make
+
799,930
—
+
27
26,395
693,210
cor¬
47.9%
to
1,220
bills
respondents
of
8,666
+
44,046
—>
0.1%'
+
4.7%
290
+
5,057
68
+
1,508
indus¬
trial loans
Ratio
+
27,455
accounts
Commitments
192,369
439,823
—
Total liabilities & cap. accts.
.562620*
16,336,222
455,276
Other
-
Contingent
.658300*
05^r
4.007500
•
_
24,150,309
bank—reserve
Other
peso—
Controlled
Member
3.221833
..
3.221833
45,387,998
973
2
+
—:
.
.040107
Spain, peseta
Switzerland, franc
Closed
.201596
Portugal, escudo
Sweden, krona
.913958
3.221833
Norway, krone
1.000000
assets
19
15,117
280,874
Liabilities-
'
^
+
Deposits:
.377696
-
—1,617,737
—
31,948
—
Federal Reserve notes:
.301704
.205753
'
.913333
Uruguay,
assets
Total
.008407'
r
.
'
Official.
New
items
premises
Other
'
.377717
.
.008406
".205753
.008406
Newfoundland, dollar—
jj
.569800*
Uncollected
.
England, pound sterling
Netherlands, guilder
'
—1,471,815
+
.208621
4.027031
Due
.020060
Denmark, krone
1
Govt, securities-
i
Total
1.000000
*
Free
■
U. S.
5,057
certificate
—
re¬
to deposit and F. R.
liabilities combined
serves,
note
6,907
44
THE COMMERCIAL & FINANCIAL CHRONICLE
(300)
Monday, July 21, 1947
OVER-THE-COUNTER MARKETS
Quotations
for
Friday, July
18
Investing Companies
Aeronautical Securities.
5.32
1M»
4.44
4.86
10
Fund
Axe-Houghton
lnv
21.21
Series 8-1
27.36
—.
14.20
15.62
9
Series
8-3
—
11.67
12.84
8.13
Series
S-4
4.45
5.45
5%
Knickerbocker
5%
97.85
Ltd
101.93
20.57
22.24
17.72
19.16
17.78
1
19.48
Mutual Invest
Common
Fund
lnv
Ltd
1
3.90
X29.Q9
Chemical
Fund
———.100
—
26.14
Commonwealth Invest..—.—1
5.88
1
15.47
10
14.12
15.43
Bond
16.73
20a
1.48
1.62
Fund
Dividend
Shares
Fund
shares
Ino
14.02
15.05
Aetna Casual * Bursty.
10.11
—
—
10.93
Aetna
series
7.70
Stock
Fidelity
•
Inc..
Fund..
0
5.48
13.90
Trust
Fundamental Trust shares
5.89
Alliance
Automobile
7.71
8.51
4.24
3.75
American of Newark
5.29
5.87
American Re-Insurance
X15.21
16.31
5.32
5.92
10.17
Bank
7.86
7.24
8.79
4.94
5.37
8.32
9.02
shares...
6.82
—
10.07
5.45
5.92
Administered
shares—
shares.
Industrial Machinery
7.62
Investing
11.43
shares
8.68
13.94
15.28
6.21
6.81
5.45
-
shares
5.97
Petroleum
Trading-
2.86
Camden
5.43
4.43
4.82
5.31
5.77
58c
fl,
1.77
24.54
8.60
9.42
Insurance Group shares
95c-
Stock and Bond Group shares-
.
-1
;
Bond
Fund
25o
A_—-
series
B
B-2
B-3
29%
—
U S
25%
27%:
U S Fire
Fire.
„10
>
107%
Travelers
1
U S
112%.
"35
38
,
590
4
Guarantee———
Recent
6.87
7.91
8.65
21.01
22.97
...,i
17.93
1
15.59
16.76
Fund
Inc
•>
7.95
Independence Trust Shares.—*
2.61
3.91
18.15
North Amer
Trust
B-4
9.34
10.34
18.74
20.52
external
2%s
1967
Electric
Paso
Series 1956
—1
93%
—1967
2%S
Empire
k—
J 98
.*,98%
—1976
102%
,103
100%
~101-
Illinois Power Co 2%8
2.85
Power
4.40%
103%
104%
101 %
102 %
Kentucky
3s_—1977
101%
101%
Ohio
3%S—I——1«(>5
103%
Old
Laclede
GaS
Lt
101
101%
New York City Banks & Trust Cos.
10
Bank of New York
24%
100
Bankers Trust
Ask
41%
Pennsylvania Electric 2%s_1970
Philadelphia El Fow2%s_%l975
101*%
102%
St Coke 3 %».197fl
100 %
43%
100
165
180
Portland Gas
200
210
Public
100
281
290
96
99
34%
36%
Chemical Bank & Trust
41 %
43 %
Manufacturers
106
111
10
Trust
Commercial National Bank 8c
Trust Co
20
41%
43%
Continental
16
17
preferred
Empire
20
&
Trust
Morgan (J P) 8c Co Inc
100
12%
25
,
1,600
53
51
233
Toledo Edison
240
39%
100
•
1
108'%
:
8
107%
100
99%
101V
5
12%
13%
101%
-
preferred
Town
Ribbon
Carbon
Public
,
„,
.
Co
Electric—
Service ..(Indiana)—
102 y2
Stern
103%
101 %
&
Willys
Stern
54%
12%
100
-12%-
95%*
'
93%
25c
%
Textiles—_..__1
Overland
103
53%
"
3.50%
preferred
Signature Recording
103 %
27/aS,^
1977 103'/4
Lt 2%s_,t ,
—lg7fl ' 100 '/2'
7
>,
4'/2%
pfd„_*
8%
9
,56%
57%
95
56%
58%
Public Nat'l Bank & Trust.17%
40%
42%
77
81
Sterling National
25
68
-72
18
21
Title Guarantee 8c Trust
12
37
39
United States Trust
100 1,378
First National Bank
Utah Pow &
% 102 %
101%
Co
107
1
.
41%
92
10
Fiduciary Trust
2%s_i976
Brook
Scrantoh-Spg
Temt Gae &v Transm 2%S—1964
50
& Trust
*•
.
17%
Service—
Pennsylvania
103%
102%
52
10
Trust
Federation Bank
•
10%
16%
106%
3.90 %.
101 %
•"
•>'
£%
9%
100
Public
and
16%
49
25
New York Trust
Corn Exchange Bank & Trust_20
100 1,550
Co
National City Bank
10
Bank
15%
10
(Colo)-1-- '
2%s 1st mtge———__:i977
Co.
Service
7%
3.70% preferred' ——...100
Pitnqy Bowes 4j/4% pfd—_^l_50
Plymouth Rubber Co
2
102%
ioiya
100
Central Hanover Bank & Trust 20 T
Chase National Bank..
15 -
100
...
Ask
Grace National
360
Guaranty Trust
Irving Trust
Kings County Trust
Lawyers Trust
^
Brooklyn Trust
Bid
Fulton Trust
26%
345
10
Par
55'/a..
10
England Gas & Elec—
4'%% preferred
102%
2%s__1969
Gas
55 %.
*
1
New
104%
101%
Ohio Public Service 2%S—1970
Michigan Cons.
53%
__5
1.
.....
....
Utilities
Ask
;r'.
52%
—w
Moore-Hanley Hardware
1976
Bid
Power—
Michigan Gas & Electric
Monongahela Power—
Iowa Pub Serv 2%s——1970
Bank of the Manhattan Co
.
36%
Par
Millwork
Frontier
Firestone Tire St Rub 2%S—1972
3.50
1
Stocks—
Connecticut. Light ,8t
$1.90 preferred
$2
preferred
93%
'
93%
1972
Cudahy Packing 2%s
El
Ask
,"'90%.
..
Edison—
series C
shares—
Series 1955—
K-l
Bid
American Airlines 28—
1986*" 89%
Australia 3%s —_—4W7
95%
3V2S
6.95
Series
Bond*—
Consolidated
Diversified Trustee Shares—
D
8.01
27.08
Bid
'74
.2.80
Security Issues
19.57
Series
Par
55
10
—
Westchester Fire—
•
;
46'%
Fidelity 8c Guaranty Co..2
20.71
6.28
14.23
16.54
'
87
28%
23.02
18.94
—
Whitehall
24.72
20
83
83c
22.32
C
29.91
29.30
1
r
Standard Accident—
10
-
Hartford Steamboller Inspect-II
Unit Type Trosts—
B-l._
8%
0
—
American—
Hartford
16
10
Security New Haven——*.
Springfield Fire & Marine
45%.
7.ii
'75c
.10o
Wellington Fund—
27.98
6.50
Union Preferred Stock Fund——
Keystone CustcMan Funds—
Rutgers Fire com—l 15
preferred
Seaooard Surety—..*
18
87c
15.18
13.93
8c
2nd
Union Common Stock Fund B—
1.05
Globe
St Paul Fire 8? Marine;
29%.
:
16
.
Revere
; 13%
21%'
:
27%
7%
Great
12.21
(NY)
Republic
(Texas)
(Paul) Fire
:
52.00
27.51
Management Fund Ine.l
20
.10
8
3.56
78c
13.85
America._:_10
Reinsurance Corp
"42%
28.75
49.00
Series
89c
81c
:
156
:
12%
—0
Hanover
utilities
Series
—
Providence-Washington
0
15.39
State Street Investment Corp—
Union
Bank Group Bhares—
Preferred Accident
::
53
'
0
10
Indemnity Co.
Phoenix
71
,
50
Marine
Fire_—
Pacific
99%
26.74
105.25
Pacific
95%
X3.24
11.29
,50
>2%
47
&
12.50
29%
150
Gibraltar Fire
0
Northern
..10
Corp
.0
2.00
68
Globe & Republic
Trusteed Industry Shares
Ltd—-
shares
18
—10
Fire-
Fire
River
78
(
Fire Assn of Phlla
l
York
Northeastern
27%
Fidelity 8c Deposit of MA——20
12.14
103.17
New
V:
Fireman's Fd of San Fran
Firemen's of Newark—Franklin
-2%
-•
23
i
50
General Reinsurance
16.55
75
.,65%
21%
_io
—J
Sovereign InvestorsStandard
1.73
22.70
Fund
Fund Inc
Fund, Inc
Ino
Fund
(Geo)
Selected Amer Shares.
66C
;
10c
Series
j
.
8.33
Scudder, Stevens & Clark
Putnam
2
20
Amsterdam Casualty
2
New Brunswick
—10
New Hampshire Dire
10
North
Fire
8.54
20
Republic Invest Fund
Russell Berg
5.00
—I
—
Securities
&
10
National Liberty
National Union Fire
-
6%
•;
l■.,,V
61 %
Glens Falls Fire
4.89
—
Foundation
Series
72
Boston
7.60
—
4.90
—
shares
Holding Corp-.
Series
5%
Bankers St Shippers.
11.08
Tobacco
2.62
——
17%
(Detroit)—10
New
7.79
—
National* Casualty
National Fire
55%
35
9.02
7.92
9.44
Incorporated Investors———I
Invest
15%
Baltimore American..
Federal
<
6 Va
32
Employees Group
•
Employers Reinsurance —10
—
30%
5%
53%
11.96
4.51
Steel shares——
Investment Co if
10
11.36
4.50
shares..—
Aviation Group
Surety
10.48
8.71
RR Equipment shares
Institutional
Reserve—
9.56
Railroad
28%
30%
10.37
Railroad equipment
0
4
28%
10.91
?ibiic"mW~—7-IZi:
53%
Merch & Mfrs Fire N Y
—10
47%
——
-I.-.—.
Merchant Fire Assur
12%
29%
stock
preferred
20%
B
12.65
12.90
8.23
—
'
*
Prior
.
*
10
11.54
11.77
stock—
preferred
common
Convertible preferred
Massachusetts Bonding
11%
16
Steel
shares.—
—
88
99%
.
16%
,
75
5.89
Common
83%
'
'1
18%
Machinery
7.83
income
21%
12%
27%
25%
11%.
15:
10
8.35
7.22
Utility
:
10
7.35
5.42
Tobacco
20%
Connecticut General Life
7.70
Petroleum
Huron
51%
i_5
21%
31
<
City of New York
Insurance
10.28
Mining shares—
stock
__10
19%
10 Va
Continental Casualty
Crum 8c Forster Inc
6.77
——.
Bond
12%
a%
Merchandising
7.90
9.79
Merchandise shares—
Railroad
11%
11.70
8.64
7.28
Price Shares———
Railroad
39
1
12.35
8.26
7.97
—-
shares-
Institutional bond shares—
Low
36
11.03
Diversified
10.91
—
bond
96
11.27
Diversified Industry
Electrical equipment
7.40
Electrical Equipment
Fully
10
20
I
—
72
9.63
10.43
Ask
Jersey Insurance of N Y
Diversified Investment Fund-
6.95
Food shares.
General
10.92
Building supply-
7.85
6.40
Building shares
Chemical
8.56
9.96
.
Bid
45
*
Corporate bond series
shares
shares..
shares
Aviation
7.42
stock
Chemical
Automobile
American
Par
Home
11.15
6.77
-
Aviation
Group Securities—
61
Insur Co of North America
29
Automobile
Stocks Ino—
Automobile
43.60
General Investors Trust—
Agricultural
10
—.4
3.36
—I
Ask
Maryland Casualty
Casualty
I
American Equitable
i
8
American Fidelity 8c Casualty_0
3.81
series
Agriculture
6.69
42.41
Capital Corp
59
46%'
69
American
American
15.23
General
American
American
4.30
New York
6.08
2
Mutual
7.10
7.36
3.80
New England Fund..-
36 %'
33 Vi
Fundamental Investors Ino.
First
6.36
6.69
2.15
1.96
10
Corp
27
.100
preferred
29
86
y4
43 »
—20
Stock
26.13
24.27
6%
*
44
10
Agricultural
Speculative serlen
16.39
Inc.
Industrial Fund,
Boston
Ask
Bid
Pacific-
83 =
5.14
Low priced bond series
Low priced stock common
26.59
15.33
1
Fund
Financial
First
24.87
Fund-
Bid
J—10-
wl—
new,
Life
Aetna
7.01
4.65
series
stock
Insurance
Selected series
Fund.
Balanced
—
Common
Insurance Companies
Par
series
Industrial
8c Howard-
Baton
83
Securities—
Preferred stock series
Delaware
81
12.64
Income
6.39
.2019
4%e.
102
28.26
11.69
Balanced
153'
148
Income
100
8.45
1
1
Fund
2d
Investors
National Investors Corp.
National Security Series—
1
...
14.17
15.33
com—*100 3,040
3,140
Securities
Preferred
Conv
.1994
50.08
7.71
Mass
31,28
Christiana
49.08
Mass Investors Trust
5.05
Century Shares Trust———•
1st 4s.
103.89
—100
Nation-Wide
Canadian
Fund
Loomis Sayles Mutual Fund—*
Loomis Sayles Second Fund—10
Manhattan Bond Fund Inc—
6
,
Stocks
Chicago Rock Island 8s
6.00
4%
—«t.
and If Issued)
Ask
4.93
16.75
as
Bid
—
Chicago Rock Island & Pacific—
30.00
S-2
7.52
America
(When,
Bends
23.30
Series
1
Inc.,
Fund
K-J
15.42
Broad Street Invest Co Inc.,.
Bullock
32%
1
of
Tr
Series
i
<
8 "A
B
J-
Fund
Boston
Ask
i
4.43
—
Beneficial Corp
Blair & Co.
Bid
)—
4.04
Standard Oil shares.
Associated
Axe-Houghton Fund Inc
Bond
30%
1
Business Shares
American
Par
5.84
Oorp—
Amerex Holding
Reorganization Rails
Ask
-l
Fund Inc
Affiliated
Bid
Far
Funds—
Mutual
1,438
100
9%
622
»
10%
652
United States
Treasury Rills
Bates quoted are fer discount at purchase :
Treasury bins—
Federal Land Bank Bonds—
Bid
1%B Oct
Ask
1, 1950-1948
1%» May 1, 1952-1950
1%» Jan. 1, 1953-1951.
100.8
100.2
103.3
103.7
100.12
99.14
1955-1953
1%8
Apr.
15,
Bid
1948.
,
Bid
Ask
100
b0.375
0.33%'
b0.375
J.——19.47_iL-ij-———^ b0.375
1947—;--——f-__ WSTo
-
September 4,
Other luuet
125%
Ask
September 11; 1947-.^.—.
September 18,, 1947—
September 25, 1947
0.33%
b0?375
14,
194,7—
August, 21,
1947JC
100.4
Bid
0.33%
August 28,
aeei
Ask
0.28%.
bor375
August
99.18
Panama Canal 8s——
r
b0?375
July 31, 1947
August 7,' 19'47._'AJ,i4S—
100.6
tV«e Feb. 1,
Federal Home Loan Banks—
*
July 24, 1947.—.•——
Obligations Of Government Agencies
>
0.34%-
.j
bO.375'
0.35% 1
October
b0.375
0,35 %.
2;. 1947_
October--9-,- 1947——
October
<0.34%.;
0.35%
0.35^
b0.375 ~
b0.375
0.35%
.,
;"b0.76
0.70%"
b0.76
0.70% "
16,.. 1947.
126%
sa
a
Quotations For U. S. Treasury Notes
Flguree after decimal1 point represent one
Maturity—
Int. Rate
Slept. 15, 1947
*««*. IB, 1947
Slept. 15, 1948
m,%
lVc%
1 %%
Bid
Ask
bo 70
-
100.19
32ds of
a
S
Oct.
Nov.
1, 1947
1, 1947—
: Bid
.0098
-0287
Jan.
1, 1948
1,
*% s July 1,
1948—
.0380
.0414
.0402
.0183
.0273
.0114
„
t%s Mar. 1, 1948
t%S Apr. 1, 1948
1948—
Ask
.0174
.0395
.0292
1948
June 1,
,
,0295
!%S Dec: 1, 1947...——
t'/sS Feb.
.
.0310
'
.
in year's range),- e
included
in
i When issued,
year's
x
.0221
.0073
.0195
.0088
—
.0226
.0119
-.0291
.0136
.0324
Ex-inlei^-st.
-
'
♦No
dividend.
par
vale,
tin
default.
bBid yield price,
fFlat price,
tEx-stdck
range).
Ex-dividend.
Dollar Price 100 Pins
■
V/aS
(not
w
point
Certificates of Indebtedness—
Aug. I. 1947
—„
0^0%
100.18
more
Maturity—
0 60%
b0.70
or
Odd lot sale ..(not included in year's range).
included
d Deferred delivery sales (not
k Removed to Stock Exchange,
dividend.
(Un) Unlisted
issue.
wdWhen
yjsx-riglits.
*
'■
«
IThese
*
•'
sales
delivered,^),
r;
'
'
bonds
r Cash
are
'
'
subject td
-
r-
fl.
■
all Federal taxes.
;■»«!o",
HEx-liquidating
-
<
'
Volume
Number 4613
t$6
THE COMMERCIAL & FINANCIAL
CHRONICLE
(301)
Week Ended
THE COURSE OF BANK CLEARINGS
Bank
clearings
this
week
will
Preliminary figures compiled by
show
based
us,
a
upon
decrease
with
compared
a
1047
Third Federal Reserve
ago.
year
total
stands
at
$13,421,891,099 against $13,666,680,191 for the
At this center there is
loss for the week ended
a
for the week follows;
summary
Week Ended
1946
%
$7,081,693,136
$7,562,768,492
—
+
709,000,000
+ 13.1
439,645,917
435,402,977
+
Kansas City
274,834,639
248,658,350
St. Louis
«
249,900,000
240,400,000
San Francisco.,—
Pittsburgh
.
263,120,327
Ten
cities, five days
213,155,211
cities, five days——
—
Total
7,172,019
3.5
723,715,565
915,908,350
$13,421,891,099 $13,666,680,191
Accordingly, in the above the last day of the week in all
we
elaborate detailed statement,
able
are
to
ended July 12.
give final
cases
however, which
appear
For that week there was
an
a
week
previous—the
loss of 2.3%.
trict the totals
but in the
improvement of 12.7%.
an
Atlanta
District
Reserve
Reserve District has to its credit
the
totals
located
are
increase of
an
are
(6
following
furnish
we
4,900,696
119,908,821
121,096,377
247,527,118
22,354,700
+ 20.4
22,232,000
23,678,800
3,298,284
3.6
2,949,926
6,042,849
5.7
4,337,817
4,094,091
239,399,425
+
5.6
249,764,887
255,032,080
657,921,045
+
6.9
647,256,372
SUMMARY
Week Ended July 12—
Federal
and
from
a
1st Boston
2d
Sd
12 cities
York
New
$
this
by 3.3%.
Philadelphia
The
Reserve
Cleveland
,4th
6th
Richmond
6th
Chicago
$
Dec. %
$
,+12.7
454,402,351
7,573,886,137
868,653,380
Louis.!
St.
;8th
Minneapolis
370,675,633
657,921,045
334,713,795
473,481,571
a
489,863,002
870,037,045
if
17
Rth
703,347,470
M
10
—-
^
if
6
-—
Atlanta
7th
7
——
799,799,225
+ 10.3
2,597,807
2,188,199
2.6
166,459,235
4.1
50,144,684
158,167,245
46,796,012
334,713,795
+ 10.7
305,200,659
287,598,186
15,311,684
+ 10.7
13,666,647
+ 17.3
—15.4
41,437,769'
162,100,000
3,711,928
lloth
Kansas City
444,380,600
6.9
—
418,669,385
6,355,543,045
699,741,114
673,846,241
...
i""
6.9
+
647,256,372
T,
-
659,065,867
+ 10.7
305,200,659
287,598,186
3.3
424,953,546
679,694,354
3,089,715
+
3.6
2,429,275
2,871,322
2,624,900
61,039,709
+
6.7
55,471,781
50,380,542
71,042,615
68,252,918
6,596,026
423,553
399,327
92,771,199
102,318,560
473,481,571
489,863,002
Orleans
Federal
Reserve
+ 18.0
300,259,353
Total
i
224,223,941
215,673,452
405,199,732
+
9.4
327,946,641
321,556,997
715,249,024
412 cities
—
593,690,286
13,269,303,709
12,985,017,138
1 Outside New York City
ov
We
add
now
6,074,816,676
+13.4
IC. 163,508,341
153,863,073
+ 20.5
531,127,305
508,584,161
i.
11,797,752,294
11,073,041,167
4,940,057,632
4,894,640,815
8.1
+
':
-
Week Ended
.
,1
1947
$
Clearings at—
First Federal
Reserve
1946
$
4,779,977
Inc.
or
South
Bend
Fall
Dec. %
1944
$
*.
$
New
„
Bedford
Springfield
Rhode
3,364,705
3,710,474
9.6
383,872,877
363,563,357
1,328,470
+ 29.2
1,256,813
+ 21.3
445,718
444,175
1,673,734
0.4
1,402,979
Haven
+
1.5
5,590,713
4,660,358
4,584,082
+
17.5
4,384,193
20,825,980
8,945,754
Island—Providence.
Total:+12 titles)
9,141,367
.•
3,367,710
+ 15.8
17,090,146
15,479,231
2.1
6,708,552
,6,526,385
—
35,592,300
19,268,200
+ 84.7
18,299,200
16,749,900
1,258,981
_
Hampshire—Manchester-
Des
629,515
6,685,543
6,313,854
+ 37.1
3,326,204
3,743,417
7.3
5.4
3,752,804
43,065,000
9.0
34r, 149,000
3,985,553
+ 35.8
3,603,855
—
+
3,401,684
35,855,000
-
3,537,828
11,249,207
+ 10.4
11,715,578
52,647,098
3,369,387
45,809,373
+ 14.9
36,373,208
2,881,933
+ 16.9
2,023,939
28,070,877
1,23,354,496
12,863,488
+ 20.2
15,346,162
1.068,757
952,816
+ 12.2
616,953
664,006,327
616,997,755
+•• 7.6
538,203,610
598,502,939
6.4
1,864,457
2,213,758
.....
Moines
*
Sioux City
J 13,267,831
T
Illinois—Bloomington
_
Decatur
897,570
+ 14.3
5,413,490
v
Rapids
Chicago
+
12,417,019
Wisconsin—Milwaukee
Iowa—Cedar
1,339,945
7,768,778
'
--
8,948,310
'
40,478,963
2,133,229
•
*-15,494,144
'
3.1
+
*
9,019r?34'
7,234,212
"
927,877
2,822,134
3,016,344
10,680,564
10,524,461
4,918,146
3,469,959
+ 41 J.
2,580,109
'
3,190,428
3,519,171
3,125,019
+ 12.6
2,267,627
.'
2,412,116
870,037,045
—
(17 cities)
...
—-
799,799,225
—
1.5
+
8.8..
+
Missouri—St. Louis
Kentucky—Louisville
227,500,000
•,
170,900,000
96,737,359
Tennessee—Memphis
Illinois—Quincy
94,712,077
58,239,967
58,787,670
1,953,008
1,299,133
7,268,501
7,415,450
679,694,354
747,432,822
180,500,000
75,268,350'
•
+ 50.3
325,698,805
+18.0
—10.7
...
;
„
+ 33.1
+
2.1
—
0.9
Total
(4
cities)
Federal
384,430,334
Reserve
187,600,000
43,419,936'
1,071,067
89,971,455
46,375,822.
„
* 1,123,000
325,070,277
4,598,142
North
180,743,571
+ 11.9
5,595,442
156,615,666
50,160,553
146,455,633
61,095,136
5,660,152
4,982,592
3,859,885
Dakota—Fargo
South
5,151,940
203,591,081
.'
Paul
Dakota—Aberdeen
12.6
5,668,968
51,856,081'
+ 13.6
3,709,795
3,429,869
2,466,702
+ 39.0
1,968,839
2,863,668
+
3.4
1,537,029
1,409 755'
6,778^927
6,903,439
1.8
4,636,617
4,987,451
295,376,042
264,207,048
+ 11.8
224,223,941
215,673,452
:
(7
+
2,960,806
Helena
Total
300,259,353
68,357,0.65
Minneapolis
St.
"
District—Minneapolis-
Minnesota—Duluth
cities)
Tenth Federal Reserve District—Kansas
—
1,435,679
City"
'426,429
Omaha
+
8.2
425,850
350,774
+
4.8
5,126,829
4,378,584
93,264,743
+ 17.0
81,778,062
73,617,812
.8,200,256
292,081
211,152
I:
I.
City
St.
Joseph
Colorado—Colorado Springs
5,805,338
+ 41.3
14,603,699
13,200,441
+ 10.6
9,752,613
11,414,266
290,668,266
__________
Missouri—Kansas
+ 12.0
507,465
5,824,225
109,152,726
;
...
380,752
549,263
6,105,285
•
J.LL
Lincoln
273,846,501
+
6.1
217,590,448
216,679,970
9,547,051
3,738,006
4,779,959
5.6
6,757,309
7,298,463
+ 22.0
1,350,993
1,718,558
"*"1,558,326
+ 11.2
1,224,450
1,107,459
443,147,588
(10 cities)
+
1,771,630
1,732,978
Total
9,040,311
2,161,635
405,199,732
9.4
327,946,641
321,556,997
+
1,292,935
2.6
896,850
710,683
Eleventh
Federal
Reserve
Texas—Austin
District—Dallas-
:
6,827,090
Falls
'
:
3,393,709
2,553,611
+ 11.2
129,614,000
123,373,000
23,872,455
+ 27.7
19,004,900
17,504,666
4,122,000
+
12.1
3,385,000
3,251,642
3,007,000
2,308,980
7,639,603
+ 40.8
2,167,769
1,775,207
+ 10.9
5,912,963
5,649,589
246,005,997' "'* 216,982,332
Galveston
Wichita
Louisiana—Shreveport
+ 12.0
172,942,000
4,619,000
'
6,097,294
192,341,000
30,493,390
Dallas
Fort Worth
+ 13.4
163,508,341
153,863,073
95,683,496
90,250,423
8,473,875
'
—;—
5,279,024
1,349,464
6,472,906
24,121,735
:—
411,137,661
1,130,851
603,585
5,388,073
—
Connecticut—Hartford
New
+
382,843,523
1,666,906
r—■—*—
Worcester
New
0.8
976,797
6,573,264
.
r
—
1,067,854
731,899
:
Lowell
+ 20.4
419,660,850
__—"
River
424,953,546
5,091,831
...
Hastings
1945
1,716,370
Massachusetts—Boston
3.3
—
4,012,475
5,382,623
V •'
:
Wichita
1,587,592
89,586,061
46,921,000
Wayne
Kansas—Topeka
1,911,682
86,148,206
■
July 12
District—Boston-
Maine—Bangor
228,791
9.3
—
56,586,061
.
5,501,591
Nebraska—Fremont
-
313,549
1,438,039
Montana—Billings
2.2
+
detailed statement showing the figures for each city for the
our
week ended July 12 for four years:
:,
5,618,819,937
5,376,995
8,877,783
*
.
Indianapolis
325,070,277
+ 11.8
if
10
12th San Francisco
55,358,300
6.1
District—Chicago—
Arbor
Rapids
Ninth
325,698,805
216,982,332
4.1
+ 17.9
+
+
742,432,822
+
264,207,048
246,005,997
2,651,024
•3,200,000
411,137,661
8.8
—
if
6
5.7
+
152,100,000
Eighth Federal Reserve District—St. Louis-
7,049,460,068
1.7
—
$
384,430,334
10
.—
llth Dallas
3,511,391
12,776,736
38,700,686
'
65,139,235
Rockford
443,147,588
«i
13,828,816
57,526,540
173,300,000
1944
if
7
2,883,225
146,600,000
„
Lansing
Indiana—Fort
Chicago
295,376,042
4
1,318,336
7,142,000
71,986,394
76,860,871
District—Atlanta—
(10 cities)
Total
"
a
29.9
7,777,043
Grand
1
1943
808,433,315
If
11
—
1,732,062
7,406,000
+ 32.3
67,504,314
Michigan—Ann
In the Kansas City Reserve
Inc. or
512,308,635
+ 22.1
+
+
i
Seventh
it
CLEARINGS
7,446,811,055
a
12
2,484,926
8,876,000
83,733,503
+
Terre Haute
smaller
1946
659,065,867
-
63,755,663
Mobile
Total
2,215,740
172,980,478
Mississippi—Vicksburg
decline
by Federal Reserve Districts:
OF\ BANK
1947
Reserve Districts
+
—
5,421,611
66,374,396
Springfield
'f :
+ 12.0
3,180,292
177,546,075
„
cities)
Louisiana—New
9.4%, in the Dallas Reserve District of 13.4%
summary
a
673,846,241
370,675,633
1
Peoria
the
699,741,114
243,162,225
3,033,099
Alabama—Birmingham
week
and in the San Francisco Reserve District of 20.5%.
In
6.9
—
1.8
11,745,000
Columbia—Washington.
Macon
In the Cleveland Reserve Dis¬
.18.0% and the Minneapolis Reserve* District of 11.8%.
District the totals record
6,404,492
108,796,771
Augusta
gain of 8.8%, the St. Louis Reserve District of
a
4,526,300
+ 10.3
"
■
Florida—Jacksonville
larger by 6.9% and in the Richmond Reserve District by 10.7%,
are
5,598,200
703,347,470
Nashville
Philadelphia Reserve District of 6.9%, but in the Boston Reserve
District the totals show
2,048,381
5,185,045
9.6
+
We group the cities accord¬
that in the New York District (including this city) the totals show
of 1.7% and in the
1,956,331
+ 29.3
5,695,491
Georgia—Atlanta
has to be estimated.
increase of 2.2%, the aggregate of clear¬
ing to the Federal Reserve Districts in which they
appears
+ 30.4
+
Tennessee—Knoxville
press.
ings for the whole country having amounted to $13,269,303,709 against $12,985,017,138
in the same week in 1946.
Outside of this city there was a gain of
8.1%, the bank
clearings at this center having recorded
2,804,499
1,949,749
Reserve District—Richmond-
Sixth Federal
the week
as
of
Total
1.8
present further below,
we
complete results of the
and
1,942,710
252,688,361
Maryland—Baltimore
Saturday and the Saturday figures are not available at time of going to
In the
1,877,837
3,340,856
6.8
3,416,438
South Carolina—Charleston
0.4
—
—21.0
We cannot furnish them today, in as much
issue of next week.
our
3,417,299
+ 13.2
26,913,400
West Virginia—Huntington
Virginia—Norfolk
Complete and exact details for the week covered by the foregoing will
in
+ 11.9
—
144,727,398
Is,
Federal
District
ends
656,000,000
236,693,897
„
(7 cities)
Fifth
1.2
+
2,085,433,625
$12,698,175,534 $12,750,771,841
Total all cities for week
2,160,924
675,000,000
147,385,813
Pennsylvania—Pittsburgh
+ 27.2
2,158,736,540
All cities, one day
2,003,745
7.5
260,075,948
Richmond
Total all
868,653,380
.
756,928
—23.8
—
+ 12.0
155,816,369
$10,539,438,994 $10,665,338,216
Other cities, five days
4,712,044
808,433,315
Columbus
+ 23.4
228,189,826
198,238,330
Baltimore.
(11 cities).
Mansfield
8.0
+
2,475,575
2,163,386
5,509,596
5,163,450
Youngstown
4.0
255,494,596
>
7,122,942
Cincinnati
+ 10.5
294,901,000
2,213,358
3,778,572
2,820,701
Cleveland
<118,460,000
—
2,703,308
4,275,816
2,307,144
Ohio—Canton
1.0
+
619,675
1,257,630
855,997
1,106,948
+ 48.4
Fourth Federal Reserve
District—Cleveland-
5.9
577,045,991
,
183,301
—13.5
2,476,111
Delaware—Wilmington
6.4
611,052,049
Boston
—13.8
857,747
.
847,000,000
Philadelphia
'■
t
1,092,583
842,000,000
New Jersey—Trenton
......
..
Total
1947
~
Wilkes-Barre
;
July 19
I
Scranton
1946.
1044
$
1,147,211
2,059,634
779,000,000
,
Philadelphia
Reading
Our comparative
„
Clearings—Returns by Telegraph
in
1945
945,386
York
Friday of 6.4%.
,
week
July 12
or
Dec. %
988,929
~
Chester
Lancaster
Our preliminary
same
Inc.
1,273,202
Bethlehem
weekly clearings
1.8% below those for the corresponding week last
year.
t
District—Philadelphia-
Pennsylvania—Altoona
telegraphic advices from the chief
cities of the country, indicate that for the week ended
Saturday, July 19, clearings
for all cities of the United States from which it is possible to obtain
will be
1946
t
45
512,308,635
454,402,351
+ 12.7
444,380,600
418,669,385
Total
(6
cities)
__
|J
1
j
Second Federal Reserve District—New Yors-
New
.
Yoru—Albany
42,769,126
Buffalo
Elmira
•New
;
a
1,500,890
+ 28.0
72,780,090
68,569,000
1,530,013
7,366,197,201
15,244,182
+
9.6
'
'
12,596,117
1,108,547
1,257,094
1,318,052
2,045,619
2.3
6,857,694,662
6,178,400,352
+ 15.4
14,226,379
13,397,820
+ 15.9
7,721,552
6,822,219
0,127,291
+
9.6
7,634,978
,
.Total (12 cities)
+
460,579
681,401
•
,
90,021,555
,
,
Utah—Salt
Lake
California—Long
San
679,013
0.4
527,381
32,500,792
+ 24.0
29,572,510
29,561,652
49,222,074
43,867,037
+ 12.2
42,199,303
39,526,041
7,446,811,055
7,573,886,137
1.7
7,049,460,068
6,355,543,045
—
83,010,450
.
+
8.4
3,714,702
+
6.2
2,940,069
+ 32.2
70,653,306
70,320,306
29,652,501
28,752,360
Beach
Francisco
I
.
„
Jose
^
Stockton
38,412,598
+ 28.6
9,846,874
+ 18.2
8,723,360
8,484,210
8.T
6,787,704
300,577,000
288,493,000
12,486,802
4,421,077
8,020,800
343,834,000
9,222,683
Grand Total (112 cities)
New York
Outside
•Estimated
—
+ 20.2
4,796,084
+ 35.4
7,817,634
6,946,853
2,331,767
5,960,468
2,308,477
7.2
593,690,28S
+20.5
531,127,305
508,584,161
12,985,017,138
5,618,819,937
2.2
11,797,752,2§4
8.1
4,940,057,632
11,073,041,167
4,894,640,815
7,425,027
715,249;024
(10 cities)
+
+ 23.9
3,569,085
6,887,225
Total
2,930,338
86,634,067
49,383,153
11,641,775
8,720,205
413,187,000
City_
Pasadena
San
-3,943,569
114,556,C63
8,661,124
40,294,048
_
Yakima
Oregon—Portland
Santa Barbara
9,182,357
8,909,940
Jersey—Montclair
Reserve District—San Francisco—
Washington—Seattle
+ 17.7
—
Federal
5,350,655
10,644,673
Newark
Northern New Jersey
1,175,715
1,801,247
17,593,896
Syracuse
\
2,080,497
59,959,229
7,194,487,033
York__.
Connecticut—Stamford
,
+ 10.8
1,288,843
^Rochester
New
+ 28.4
2,112,827
76,777,969
_
33,310,480
2,340,805
iiBingliamton'
Jamestown
Twelfth
13,269,303,709
6,074,816,676
—
5,301,282
THE COMMERCIAL & FINANCIAL CHRONICLE
(302)
46
McCord
Merritt-Chapman
weekly reporting member
The condition statement of
banks of the Federal Reserve System in leading cities
Midlothian
changes for the week
$235,000,000 in loans and
$101,000,000 in demand deposits adjusted.
Commercial, industrial, and agricultural loans de¬
creased $16,000,000 in New York City and $18,000,000 at
all reporting member banks.
Loans to brokers and
dealers for purchasing or carrying United States Govern¬
shows
the
ended
July 9:
principal
following
ment securities decreased
New
Sun
..Sep
2
*
Sep
due 1975
1
57
3172
1
Aug
*
Oct
1
1st mtge. 4s, ser A, due 1996__Aug
1
59
Aug
1
60
Aug 29
60
B.
preferred stock
debentures
—
bonds, due 1957
mtge.
1st
Co.,
1
3329
Date
Aug 1
Page
3045
stock—July 25
153
1967
due
3%s,
mtge.,
Aug
Albert
Machine Co., Inc., class A com.
American Gas
Sep
1
3274
Inc.—
debenture bonds including stamped 1% .
due
1950
-——
—
Aug 15
3275
Co., 1st mtge. 5s, due 1951—Anytime
11214a
Bing,
&
25-year 6 V2 %
bonds,
Butte Electric & Power
Central Wisconsin Gas Co.—
1st
Service
debenture
Co.,
Utilities
Consumers
due
5s,
mtge.
1st
Co.,
bonds,
July 2,
Since
July 10,
1947
Loans
and
Investments—total
63,227
Commercial
industrial,
235
brokers
and
2,727
+
1st
dealers
605
for
—
—
18
Lebanon
U.
S.
Other
obligations
securities
457
Other loans for purchasing or carrying:
U. S. Government obligations
Other
Real
—
to
Other
loans
3,076
Treasury
bills
1,100
Treasury
certificates
S.
If.
131
of
indebtedness
1
*
1
1
3050
3050
with
Reserve
Cash
1
securities
Federal Reserve Banks
with
Balances
1st
812
Northwestern
+
299
Old
6,651
—
,
•H*
+
128
+
221
+
53
+
50
—
20
—
domestic banks
2,305
Time
U.
S.
deposits adjusted...
deposits, except Govt
Government deposits
Interbank
demand
14,430
+
+
1,343
—
132
interbank
101*
+
2
+
60*
—
—
46
—
7
+
8
—
1st
during week
figures
1,136
1st
July 24
2928
1938
due
Co.,
1969
4
Aug
603
2004
2004
161
32
Toledo
85
Edison
in
♦Announcement
Below will
be found
first
bonds, notes,
preferred and common stocks called for redemption,
including those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."
8
162
3398
68
1
NOTICES
OF
Oct
1
59
Connecticut
July 19
Terminal
Co.,
July
July
July
July
25
25
25
25
60
3399
3399
3399
due
4s,
Date
July 25
UVol.
issue.
3400
164.
Series
P,
Series
Q,
Series
R,
3%, due 1969____^
2%%, due 1976
2%%, due 1981
Hydraulic Press Mfg. Co., 6%
Aug
156
Adams-Millis
1
156
Allen
Aug
1
156
Aloe
Aug
preferred stock
1
Aug
;
Steel
9
3284
Date
1st-mtge,
6y2s.__.Oct
Carolina, Clinchfield & Ohio Ry.—
1st mortgage 4s,
series A, due 1965.
Chesapeake
Chicago,
Burlington
and
1st
American
50
Erie
Equity
ref.
ser.
E, due 1996__Aug
1
3391
7%
Chicago Pneumatic Tool Co.,
Aug
1
3048
$2.50 prior pfd. stock____Aug 15
51
American
and
1st
ref.
mtge. 4y4%
Union
mortgage
3%%
1st
mortgage
2%%
Deerfield
Electric Corp.,
Co.,
2924
l
A__Oct
1
52
Class
A.Aug
1
52
Animal
ser.
1962
stock
Aug
1
3393
Aug
1
2797
mortgage
Food
Fair
Graton
Great
5%
Gulf
&
3V4S,
series
Knight
Co.,
A,
3Vi%
Stores, Inc.,
7%
due
Co.,
preferred
1st mtge. 3 y8%
(The),
1st
mtge.
leasehold
stock
Excelsior
American
(quar.)—
A
Sep
1
*
Aug
1
53
Aug 15
54
—Aug
5
3284
.Aug
1
,3394
—Aug
1
55
Co.
Barber-Elite,
6s
'—Aug
1
*
Beaton
Co.
(quar.)
Ltd.
(quar.).
7-18
1
9-12
10-
1
9-15
15c
(quar.)
.
8-
1
7-21
7-14
6-30
7-21
$1.13
__
8-
1
8-
5
7-24
7-21
7-15
$1.75
(quar.)
dividend)—
each
for
common
25c
pfd.
7-25
7-21
7-15
7-10
$1.25
8-20
7-25
25c
(quar.)—
7-30
{$1
—
1
5c
(quar.)
(quar.)
——
8-
7-15
6-30
$1.75
8-
1
7-18
preferred (accum.)__
50c
9-
1
8-
8
(s-a)—_
{$1.68
7-
2
7-
2
(quar.)—u.—
(irreg.)
...
(Toronto)
(quar.)—
pfd. (accum.)
West
A
Bros.
4V'4%
preferred
(N.
Insur.
Fire
preferred
Stock
Shares,
75c
9-
1
8-
8
9-
1
8-
8
Jantzen
9-
1
8-
8
Jewel
8-
1
7-18
10-
2
9-
8-
1
7-19
2
8-15
35c
8-
1
7-21
$1
8-
1
7-25
Gold
&
Co.,
Mines,
(interim)—
Ltd.
Ltd
Mines,
47*
(increased
quar.)—.
8-
1
Increased
quar,
—
Lafayette Natl. Bank (Brooklyn, N. Y.) (s-a)
Laura Secord Candy Shops, Ltd.
(quar.)...
Libbey-Owens-Ford
Co.
&
Lowenstein
Extra
5%
1
2
8-
5
8-
1
7-15
10-15
,
9-15
25c
8-15
7-24
{25c
8-
2
7-15
8-
1
7-22
{3c
8-28
7-31
8-21
8-
Nashville
(M.)
...
Corp.,
preferred
$1
.
6
8-
1
7-17
CO
h*
7-25
8-30
50c
{20c
1
8-11
8-15
7-31
9-
8-
1
50c
9-10
40c
—
9-
1
1
8-25
.
8-
I
25c
RR.
Co.
Inc,
—
(quar.)
—•—
common (quar.)
(quar.)..—ci
8-15
1
8-15
8-
1
7-11
i
9-12
8-
$1.25
7-25
7-21
37y2C
8-15
8-1:
50c
25c
.:
.
88c
(quar.)
1.
1
9-
$1
Inc
& Sons.,
9-
87y2c
(irreg.)
Bleachery,
Marathon
8-
9-
35c
Quarterly
Laclede-Christy Clay Products—
8-15
8-15
7-14
8-15
$20
(quar.)
(Brooklyn, N. Y.)—
preferred
8-
25C
7-17
62y2c
(initial)..
1
1
7-31
{75C
...
(initial quar.)
2
1
1*
8-31
t5e
(Canada)
preferred
9-
9
1*
8-
$1.75
'
10-
7-
8-
8-20
20c
...
7c
10-
7-12
J
(quar.)..
(quar.)
Lockwood
10-
7-22
8-20
Ltd.—
preference
Corp.
7-25
7-15
8-15
25C
.
8-15
10-15
8-15
1
10c.
(quar.)
1
10-15
7-26
1
9-
$1.50
IV2C
7% pfd.
2
50c
8-15
9-
i2y2c
Co.—
8-
t25c
1
15C
9-
J25c
8-
15c
$1
—
7-21
12 '/2C
—
t5c
Manufacturing—
1
9-2
62 Vic
(quar.)
7-15
7-26
;—
(quar.)
County Trust Co.
Louisville
1
Co.—
Lake
Lowell
8-15
8-
9-26
Glass (quar.)
Life Savers Corp. (increased)
:
Liquid Carbonic Corp., common (quar.)
3 72%
preferred quar.)
8
7-25
2
60c
Foundation,
3%%
Kingan
7-21
8-15
8-15
-L
Knitting Mills
Tea
New
8-15
9-
Ltd.-r-
Resistance
Gas
1
1
50c
—
Corp
convertible
9-
9-
$1.06 y4
$1.067i
(quar.)
com.
'
Iron
preferred
6%
9-
9-10
8-27
Bond
&
Investment
15c
1
9-15
9-15
8-
(quar.)
Co.
Jacksonville
8-15
10-
30c
—
.
9-19*
7-21
9-10
25c
(s-a)
Extra
1
7-21
8-15
8-20
1
60c
(s-a);—
Co.—
Press Mfg.
9-19*
1
2
9-10
9-
10-
$1
(quar.)
—.——
Inc., 5% preferred (quar.)—
series A (quar.)
——.
Zinc
10-2
1
7-31
7-10
30c
preferred
International
2
8-15
7-15
75c
preferred
Foods,
8-
8-
1
—
(quar.)
& Co.,
(George A.)
6-30
9-
7-31
—.—-
8-20
8-
7-22
8-15
Co.—
7-15
$3
1
ZV/2C
...
(initial)
common
25c
8
8-
8-
$1.06>/4
—
(Maryland)
Electrochemical
Hooker
Y.)
4V2C
8-
8-21
8-15
Co.—
(accum.)
Corp. (extra)
(quar.).—
International Harvester Co.,
7-21
7-31
9-12
25c
...
Interlake
1
7-24
8-15
30c
(quar.)—_—,
8-18
2
7-26*
1
$1.12 »/a
9-17
9-
7-18
8-15
8-
25c
—
i
8-
7-31
25c
1
25c
7-15
25e
__
Co.
Co.
Insurance
Homestead
Kerr
1
$1.50
—
9-
5
7-21
8-
25c
Utilities
Electric &
1st
67?
7-21
25e
(quar.)...
common
Co.
Hershey Chocolate
(Charles E.)
b%
1
40c
Dock
Co.,
Hires
5%
1
8-
50c
Havana
Hunt
8-
$0.2723
—
Extra
Home
9-30
50c
(quar.)
—
(quar.)
(quar.)—
Chemical
Harsnaw
6%
7-21
20c
common
Ltd. (initial)
(Dallas, Tex.) (quar.)—
Paper
1
&IV2C
—
(quar.)
Stores
7-21
8-
10-15
25c
Co.,
preferred
preferred
472%
1
$1
(quar.)
Co.
8-
15c
(quar.)—.
10-
7-30
7-21
1
$12.50
...
Group Shares
Insurance Co. of the State of Pennsylvania-
10-
7-21
8-
10c
—.j.—
—
common
Coal
Insurance
8-
5
8-29
$1.75
...
(quar.)———....
Co. (irreg.)
Dredge &
Lakes
5
1
7-31
7-31
*
Advertising, common..
67o
preferred (quar.)—.,
——
Globe & Republic Insurance Co. (s-a)
9-
8-
8-15
9-10
50c
Outdoor
Illinois
8-15
7-31
40c
{$2.50
—
(initial ).
(s-a)
.
Hydraulic
8
8-11
25c
class A
Co.,
preferred
7-25
62 Vic
.___
RR.
(quar.)—'
(Increased)
Co.
pfd.
(initial)
General Metals Corp. (s-a).
S3.50
7-21
Co.—
_
Belding Heminway
1
75c
(quar.)
Co.
4%
RR.
Gamble-Skogmo, Inc
General Foods Corp.,
Kings
(quar.)
(monthly)
Caldwell
8-
10-
50c
of
Ltd.,
Co.,
Kerr-Addison
:
&
7-15
7-31
preferred
25c
Mines, Ltd.
Avondale Mills
1
6c
AA
(quar.)
Industrial Securities Corp.—-
1
7-25
10c
Extra
1975
Holdert
tl5c
Line
I
8-
18%C
of Pittsburgh
Co.
West Sixth
Brush
Fuller
56V4C
(quar.)..
,
Coast
8-
(Del.)—
(stock
preferred
Convertible
$1.75
pfd.
of
Plywood Corp
4
8-15
Co.—
(quar.)
Common, (reduced)
50c
Asbestos Mfg., $1.40 preferred (quar.)
Atlanta & West Point Railroad Co.
;
Atlas
8-
$1.06y4
(quar.).
Carbide Corp.—<
T/o
preferred (quar.)—.——
Foote Bros. Gear & Machine Corp.—»
62 V2 C
pfd.- (quar.)—
America, com.
5%
preferred
(quar.)
Appleton Co. (irregular)
Artloom Corporation (quar.).
Atlantic
6-30
1
Firth Sterling Steel &
4
J.0416
(quar)
Trap
7-15
9-
25c
A
(California)
Co.
8-
$1.75
(quar.)—
5% preferred
$3
Bottle
$2.50
„
.
5c
Insurance
Life
8-
$3
common
(quar.)
Thermos
7-15
,
Company
Electric
Federal
1
Sugar Refining Co.—■
preferred
Aunor Gold
1957^
bonds, due 1971
Kings County Lighting Co.—
1st
mortgage 3y8% bonds,- due
Marcy
1970
debentures
Lakes Power Co., Ltd.—
general mortgage bonds, due
Power
American
Extra
Elgin, Joliet & Eastern Ry.—
1st
4Vi%
7-15
75c
(quar.)
(quar.)
Anglo-Canadian Telephone
debentures, due
When
Payable of Rec.
2924
1969
1974
1st mtge. .5Vis; ser.
preferred
4Vi %
3049
1
7%
due
due
$5.25 pfd. stock,
Packing Corp., 3%%
Products
Ekco
1
Aug
Aug
Co.—
bonds, series E,
bonds, series G,
Cleveland Union Terminals Co.,
Cornell-Dilibilier
preferred
American Screw,
Co.,
Corp.,
preferred
$2.00
bonds, series D, due 1962__Sep
Terminal
1st
General
$2.50
Chicago & Western Indiana RR.—
Cincinnati
preferred
Cyanamid
1
7-22
..
4Vb%
share
Irregular
preferred
Foundry Co.,
non-cum.
American
Quincy RR.—
mortgage 3yas, due 1985
&
8-
15c
87»/2C
(quar.).
preferred
Car
&
50c
1
Inc.—
Corp., $3 conv.
Institutional
American
*
1
(s-a).
(quar.)
Power
Produces
Kalamazoo
&
t$2
Asphalt Roof Corp. (quar.).^—
Business Shares,
Inc...—
—
American
1
8-
Electric
Sugar Associates—
preferred (accum.)
Eastern Township Telephone
20c
American
J3ep
9
8
Eastern
Hormel
Inc.—
convertible
3V2%
&
Bakeries,
-8-
15C
Airlines,
8-
$1.06
preferred
H.)
(C.
25c
(irreg.)
convertible
6%
Page
1
1
held.
50c
(quar.)
Aluminium, Ltd.
(quar.)
Amalgamated Leather Cos., Inc.—
& Ohio
Ry.—
Ref. and imp. mprtgage V/2% bds.,
Share
(quar.)
Inc.
8-
(quar.)—
Corp.
class
additional
share
$4.25
week are:
Company
S.)
Common
Company and Issue—
Foundry & Machine Co.,
this
announced
(quar.)
Corp.
Industries,
(A.
9
Co.
Y.)
Ohio
Light,
non-cum.
New
Per
PARTIAL REDEMPTION
Bethlehem
Further details and rec¬
Name of Company
...
conv.
paid.
155
Consolidated Gas Electric Light & Power Co.
of Baltimore 1st refunding mortgage s. f. bonds—
»
In the
show the dividends previously announced, but
dividends
1
8-
(quar.)
Rayon,
Hammermill
past dividend payments in many cases are given
under the company name in our "General Corporation
and Investment News Department" in the week when
The
8-
25c
(s-a)
(s-a)
&
Hale
grouped in two separate tables.
which have not yet been
Page
.July 25
1952
8-
1
Car-Na-Var
Power
General
declared.
w
1st mtge.
1
9-
Corp., $4.25 pfd.
Light
preferred
$3.50
week.
we
9-
$1
div.)
preferred
Consolidated Industries,
Fulton
ord of
TENDER
Company and Issue—
Bush
which
7-22
35c
.
Four-Twelve
bring together all the dividends announced the
Then we follow with a second table in
we
current
1
Filtrol
DIVIDENDS
list of corporate
a
(N.
Dearborn
Great
are
8-
Quarterly
Gulf
Dividends
9-15
50c
Iron
preferred
Great
Notices
7-24
9-30
Federal Grain Ltd., 672 7c
Federal-Mogul Corp., new common
Co.,
Redemption Galls and Sinking Fund
7-31
30c
7-30
Co.—
...
Common
1975
this
5bc
Coal
3287
,
and 6% preferred stocks
3V2% series, due 1968
3V4% series, due 1970
due I960—.
Electric
Towns
7-24
162
—
Ltd.—
1st mortgage 4s, due 1965—
United
7-24
7-31
3172
series B—Aug
bonds,
mortgage bonds,
debentures,
7-31
1
1949—Aug
mortgage bonds,
3 Vi %
35c
(quar.)
2
July 25
debs;,'due
4%
7%
Co.,
1st
7-
July 30
stock—
1950..
due
7-15
Aug
Service Co.—
3 Vis,
mortgage
7-23
$1.25
-Aug
preferred stock
Francisco Terminal—
San
due
4s,
7-17
7-31
(s-a)
Insurance
Southern
&
8
8-29
47c
(irreg.)
Corp.—
&
8-
1
10-
7-25
common
(cash
Insurance
Fuel
Eastern
7-15
7-24
Co.
common
Co,
Company
Dutton
7-15
1
8-15
8-11
$5
—.Any time
Anytime
3'/2s, due 1964.
mortgage
1st
District).
(Boston
2004
1951
due
7%
Colorado,
of
Co.
Pacific
Southern
897
7,252
15,462
revised
Service
1st
-
Anytime
Power Co.—
4s,
RR.
Machine,
York
New
Detroit
1
8-
'
5s,series A,
mortgage
Milling
Consolidated
7%
8-
8-15
dividend
Delaware
7-31
50c
(quar.)
convertible
67c
7-22
8-15
{$1.25
(quar.)
(initial)
(irregular)
Gulf
Columbia Pictures
12960
56
deposit accounts except
U.
S.
Govt,
accounts,
and
1
Co.—
Southwestern Electric
Foreign banks
2
—
733
Borrowings
"July
—
9,228
Debits to demand
Power
mtge.
1st
Power & Light Co.,
Public
deposits:
Domestic banks
,
Co.,
Quebec Telephone & Power Co.—
4% 1st mortgage & collat. trust
46,525
.
55
Sep
dated
debs.,
Peabody Coal Co,,, class A common
155
783
Electric
mortgage
Pacific
621
11,755
_
1
bonds, due 1948
4% bonds, due 1949
money
Dominion
1st
2,936
—
18
—
55
1948
due
5s,
inc.
Co.,
&
Utilities
Dallas
7-21
8-15
45c
preferred
(quar.)
preferrred (quar.)
4V4 7c
7-30
7-19
Corp., Ltd.—
47c preferred, 1947 (initial)
Chicago Mill & Lumber (quar.)
Chicago, Wilmington & Franklin
Quarterly
Colorado
8-15
$1
5'/o
Trust
preferred
Stock
8-14
9-15
$3.50
preferred
1%
Corp.
Co.
&
Shares
Chattahoochee
An
mortgage
5%
mortgage
Purchase
M.)
Cincinnati
2
3%
Utilities,
Duquesne Brewing
& Electric Light, Heat &
+
+
1868
1
series A, due 2022
Hotel
Gas
7
4
1
1963—Aug
bds., due
income
Roosevelt
996
LiabilitiesDemand
5y2%
York
+
78
159
Sep
due 1956
5s,
New
66
+
80
+
4,086
vault.
in
—
30,781
2
Aug
Co.—
Gas
consolidated
1st
1,072
—
111
+
—
*
157
Co.—
Amsterdam
New
355
—
5
1
—
2,648
bonds___n_T^.^
Other
1st mtge.
Co.,
Corp.,
Power
27
—
4,570
notes
Treasury
Building
24
+
3,005
_
banks
Loans
'
796
—
Century
9-
{75c
Plywood
(A.
1
30c
Ltd.,
Quarterly
Castle
7-19
8-
50c
(quar.)
Co.,
1
$1
Corp
7-181
8-
Co.—
Canadian Foreign Investment
Continental
New
—
466
loans..
67
4
511
securities
estate
—
137
Starch
*
Sep
debenture bonds,
6%
Government
& Fuel
Gas
Nebraska
pur¬
chasing or carrying:
—
preferred
3392
3,201
+
$1.20
Canada
1
Aug 15
Aug 8
due 1970
1st mtge. 4s,
Service
Commonwealth Investment Co.
bonds
5%
mtge.
Lincoln
11,791
to
5,785
—
agricultural
and
loans
Loans
144
20,042
Loans—total
Timber
...
1
25c
(quar.)
California Water & Telephone Co.—
Common
(quar.)
Title
Valley Gas -Co.—
Lebanon
&
Water
of
Aug
Aug
s.
Utilities Co.,
Kentucky
1946
Assets—•
& Co.
(increased)
Land
California
City
Co., Ltd.—
Paper
mortgage
& Pulp Co., Ltd.—
Collat. trust 5% notes, due 1949
Florida Power & Light Co., 4Va% debs., due 1979
Inc. (+) or
1947
Company
Columbus
f. bonds, series A, due 1956
mortgage 20-year s. f. bonds, due 1948
1st
1st
July 9,
Buda
City
Aug
7-10
8-
15C
Mills
Silk
5%
stock.
preferred
7-31
7-20
$1
common
(quar.)
Bruck
3049
due 1953—Aug
7-31
8-15
25c
Co
(Sidney)
July 24
1950
8-15
$1
(quar.)
20c
Corp.,
Blumenthal
Collins
7%
45c
J25c
Co.
{30c
&
preferred
155
of Canada, Ltd.—
Aircraft Co.
DeHavilland
Water
27y2c
4%
1
Aug
4Vi% preferred stock
& Light Co.,
Dayton Power
Saco
Fisheries
July 28
due 1960
Eagle Lake Lumber
^
&
(Philip)
Booth
Citizens
series A,
5s,
mortgage
Cities
and liabilities of reporting
Dec. (—)
Blum
46/c
Government
dollars)
Biddeford
4%
due 1956
debentures,
convertible
3%
8-15
8-15
&
Cherry-Burrell Corp.,
& Telegraph Co.—
American Telephone
1
1
Sons, Ltd.—
New
common
(initial)
Class A (quar.)
Cascades
5s, dul 1950
1st mortgage
Ltd.,
Bay Co.,
Donnaconna
(In millions of
(J.)
Canadian
CALLED
ISSUE
ENTIRE
and Issue—
Company
9-
9-
3327
series
8-15
1
9-
25c
Calaveras
1
5%
Club,
Golf
Terminal
Union
District, and $46,000,000 at all reporting
summary of the assets
member banks follows:
56
Sep
3 Vu %
Drug Co.,
Ray
Toronto
member banks.
A
1
mtge. 5'/is
1st (closed)
5%
Seaboard Air Line RR.,
deposits increased $60,000,000, increasing in all districts.
Demand deposits credited to domestic banks increased
$37,000,000 in the San Francisco District, $24,000,000 in
the Kansas City
3288
Aug
convertible debentures, due 1955
Inc.,
Stores,
Safeway
$32,000,000 in the Atlanta District and $26,000,000
States
55
1
Corp.
41/2%
Bing
United
1
-Aug
stock
of Canada, Ltd,—•
convertible debentures,
Power
$126,000,000 in New York City
District.
Aug
trust 4yas,
colat.
Ry.,
Co., 5%
Oak Mfg.
$80,000,000.
Richmond
Pacific
Payable of Bee.
$1.06 V*
Extra
160
Bertram
preferred
7%
Ogilvy Realty Corp., Ltd.,
deposits adjusted decreased $122,000,000 in
New York City, $41,000,000 in the San Francisco District,
and $101,000,000 at all reporting member banks, and in¬
the
1
Sep
.
bonds, series B, due 1966
3y4%
Co.,
Process
Northern
Demand
in
A
4'/2s, due 1959
mortgage
1st mortgage
$137,000,000 at all reporting member banks.
Loans
to brokers and dealers for purchasing or carrying other
securities decreased $37,000,000 in New York City, $22,000,000 in the Chicago District, and $67,000,000 at all re¬
porting member banks.
Real estate loans increased
$24,000,000 and loans to banks decreased $27,000,000.
Holdings of Treasury bills increased $164,000,000 in
New York City and $111,000,000 at all reporting member
banks.
Holdings of Treasury certificates of indebted¬
ness decreased $66,000,000 in New York City,. $23,000,000
in the Chicago District, and $78,000,000 at all reporting
member banks.
Holdings of United States Government
creased
Corp.—
series
Share
12 Vic
Monongahela Ry.—
and
bonds increased
stock,
Holder»
When
Per
Name oj Company
55
1
Aug
1956
Country Club.—
ref.
&
Gen.
Decreases of
& Scott
preferred
6%%
debentures,'due
4ya%
Corp.,
Page
Date
Company and Issue—
Condition Statement of Member Banks
Monday, July 21, 1947
$1.25
8-15
8-20
10-
1
8-
ll
1
7-31
9-20
,
;
Number 4613
Volume 166
THE COMMERCIAL & FINANCIAL
CHRONICLE
Per
Name of Company
When
Share
Holdert
Below
Payable of Rec.
Marine Bancorporatior.—
stock
Initial
Co.
Extra
Telephone
Merchants
Co.
11
■
mi
vi-
.i
.-■•in'
...
37
Insurance
Co.,
Hill
&
Common
5%
pfd.
preferred
7%
1
10-
1
9-
$1
8-
1
Co.
$1.50
Acme
7-15
4
$1.25
8-
1
8-
1
.
7-
9-15
8-15
9-15
7-24
7-21
15c
7-24
7-21
Securities
NatiOn-Wide
Series
Co.
B
Automotive
National
Cash Register
National
Cylinder
preferred
4'A%
National
(Colo)
:
National
Co.
5%
6c
8-
1
9-
1
50c
(quar.)
i
8-
10-15
20c
9-
$1.06
8
8'
1
Insurance
Co.
9-15
9-15
American
7-31
American
New
7-31
1
of
7-11
15c
Noranda
North
Fire
10-
1
9-
40c
(s-a)-.
8-
1
Car
9-15
50c
(quar.)
(accum.)_
preferred
10-
RR.
Hampshire
of
New
Public
Service
6%
5%
& Electric, 57c
preferred
(quar.)
C
$4
Public
of
American
t$l
8-
1
8-
1
7-28
pfd.
$1,121/2
$1.25
00
H
7-31
(accum.)
Co.
$1.621/2
;_
(increased
Corp
of
(stock
a
Light
Inc.,
______
-Fund__________.
preferred
A
67a
preferred
-
&
25c
Schwitzer-Cummins
Scotten
Dillon
8-
1
■
1
8-
1
8...
__
50c
.
(quar.)
pfd
8-
1
7-19
-
•
8-
;
1
7-18*
£'-
1
5
9-
8-15
8-
(New Haven) (quar.)
35c
8-
1
common.
25c
8-1
7-22
1
7-22
8-15
7-31
Dohme.
&
Inc.,
____,
: $3.50 preference A (quar.)_.
Shea's Winnipeg Brewing, Ltd., class A
Class B (s-a)_,
87'/a c
8-
$27V2C
(s-a)
Sherwin-Williams Co.
A
?
distribution
,'of
75c
8-15
8-15
additional
share
8-
Sierra
Pacific
6%
Power
Co.,
(quar.)
preferred
South
Bend
Southern
Lathe
States
Sovereign
1
common
40c
$1.50
Investors,
Baldwin
18
1
Extra
8-29
8-15
7%
convertible
7-25
7-15
7%
convertible
10c
8-20
8-15
..
Baltimore
"New'
——_—
(initial
common
8-
8
Bareco
quar.)_—__________
Sun
&
Co.
40c
(quar.)—_—
Drug Co., new com.» (initial)—
preferred
(quar.)'______—___________
Swift- &. Co,
Tfexas
"(quar.)l
37'/a C
Co.,1 $2.50
—
40c
50c
9-15
Thonxaston
Mills
■
(quar.)j___
(quar.)_____
Quarterly!
Co., 7%
&
Rubber
United
Electric
Coal
-
trust
3-15
Benson
&
6-25-48
6-15
Benrus
pfd.
Co.
7-25
(quar.)
2
6
' 9-10
$5
7-18
30c,
10c
Aia*b'an)a___li^._iij._lf_
2nd
preferred
Park
&
8-
+20c
8-15
Bon
.
7-25
"
^
7-15'
8-
1
Ribbon
Co.
i
Ami
Co.
Class B
1
2
8-
8-
1
Fund,
(quar.)_^—
10-
1
8-31
7-15
8-
1
1
,r
8-15
1
56 Vic
(quar.)_
U-15
8-rl
8-15
8-- 1
Brantford Roofing,
30c
7-31
7-25
Bright
Ltd.
&: Co.,
(s-a)
Ltd.
-
■!
7-15
1
7-18
8-
1
C
1
$30c
$25c
.
.n>i5^3T-;;i'
>. 8-1
7-30
.
v
>1*45
»a^»s'
9*4
7-20
949
8-15
9-23
8-15
9-23
9-30
9-25
-7-21
9-4*
7-22
15c
-
9- 7
8-15
50c
-
9-10
94»
'
8-42
- •
100%
-
■
6 24
35c
„
Ltd.___
8-
r$4c
(Toronto)
(quar.)
1
9- 3
8-15'
9 «5
8-15
$$1.50
9-31
9-15
25c
9-15
;
(initial quar.)
(initial quar.)
River- Power, 6%
Inc.,.-40c preferred
Chemical
8-/1
-
.
-
7-31
8-
1
41tec
:..r
(quar.)_
}
8-
1
.
$1.50
9-
40c
>
(quar.)_.
&
Corp.
Co.
$3' prior
preferred
,
8-1.
(quar.)
(quar.)
1
9-
2
25c
,
8r
; 25c
.,
.
(quar.)
9-
1
8-21
-9-
,
-
3
8-45
30c
9-13
8;29
$50c
8-30
2-20
50c
8-20
8
50c
'
^___
(quar.)—
8-20
$1
common
•>.9-45
$1.25
(quar.)
Varnish,
9- 3
2
10-1
37yac
:—
Paint
0-2
9- 3
!
Industries, Inc.—
(Reading, Pa.)
Glass (quar.)
Corp. of America, com.
preferred
5
8,-28
8-30
845
75c
(quar.)j
9-
5
1
20c
(quar.)
Corrugated Paper Box Co., Btd., common
r
5%
preferred ; (quar.)______-._____^__—
Cribben
7-22
Cfown
7-15',
7-15
50c
-i
8-30
Exchange Bank & Trust (N. Y.) —
iQuarterly
l__j
,_c_—U r '''.-70c
Corn Products Refining com.
(quar.)L_-i—--/ "75c
Corporate Investors, Ltd.,. CI. A (irreg.){. > $8c
6-30
'i
1
8-1-
845
Corn
7-15'
7-10
/ 7-31
vM8»15ov
^
4%
Cook
7-17
8-20
,.20c
x
_
(interim)
8-
683/4c
&
Paper
-
7-15
16c. ••/!; ';7'-2T.
$121/2c
Assn.
Extra
16c
.*
Life
Light
Consolidated
8-20
60e
v
12-
1-1-48
$1.50
Consumers Gas Co.
Container
1
0-45
10-45
25c
•
Corp.,
Hampshire)—
Laundries
Consumers
7-31
1
1
50c
iquar.)_
Co. .(quar.)
Consolidated
7-15
7-31
(quar.)
>(quar.)_
Property Trust
$$3.50
Corp.
(quar.)
(quar.)
7-10
$1
8-15
1011-
25c
pfd.
1
7-25
10c
s
(quar.)
9- 2
*9-#5
»
-10c
$1 participating preferred class A
Edison Co. (N. Y.) —
$5 preferred (quar.)
;
7.
8-
$62V2c
(New
preferred
1
8-
9-88
8-1
20c
-
preferred (accum.)___
9-15
.50c
56Vic
9*8
7-31
Consolidated
7-25
7-
8-
Gas'
Consolidated
9-20
7-26
25c
/
com
7-31
,
$6c
(quar.)
Connohio,
7-21
1
9- 7
9- 7
8-45
20c
-
Connecticut
7-15
10-
1
1
1
SI tec
Stone
Electric
$1.90 preferred
■
7-15
8-
50c
(quar.)
$2
7-15
7-31
50c
9-
20c
(quar.)
60c
pfd.
&
Confederation
'
..
88-
25c
$1.25
International
8-31
7-31
1
Power—
20c
,
5%
Gas
Congoleum-Nairn, Inc.
7-31
30c
8-30
8-
$1
Connecticut
50c
—
0-15
8,15
30c
-
(quar.)
&
Edison
7%
9-10
8c
(quar.)
-
Shearing & Stamping—
(stock dividend)
Concord
8-t5
$1.78
8-15
8-»
$1.78
11-15
114ft
$1 76 3-18-48 11898
t—
(increased)
7-22"
1
2
-
(quar.)
8-15
$3
,
pfd.
10-
>$$1.75
.(quar.)
(quari) _u_
Bourjois, :Inc;. $2.75 preferred fquar.)_4u___
Bnwes Co, Ltd. class A
(quar.)_^_.
Bowman Gum, Inc.
(initiaLquar.)_
G.)
1
9-2
$$1.50
Inc.
Personal
;
9-»6
1
9-
,15©:
'
(monthly)
Commonwealth
4
7-15
1
8-
62Vic
Boston
(T.
10-
40c
$1.183/4.
(quar.)
Boston
,
7-15
7-30
10-
I2.xh&
Commercial
7-22/
,
898
41-15
(quar.)
Sand
Columbian Carbon Co.
9-
t35c
'
—_
Bros.
Co.
1
$3
(quar.)
Class A
7-
7-14 *v
8-
35c
898
9-12
35c
$l
Commonwealth
:/
Corp.,
$$3.50
7-21
'7-28
9- W
.75c
;
20c
preferred
Colonial
10c
—____
Company
(s-ai_j'
>_
9
1
8-
.119
T—
Colonial Mills
9
$25c
(initial)
pfd.
(s-a)_»____—j__--—r—-
Curry. Co._
9-
12-
40c
10c
-
(s-a)
Boston Edison
7-16
8-1
8- 1
1
8- 1
1
9-12
"__
Columbia
(accum.)___
common
Ltd.,
Blue.Ridge Corp. .(irreg.)
7^16
1
$2
50c
'
(s-a)'^__
8-1
conv.
Bloomingdale
Blue
7-31
i>
$3.50
10-
8- 5
$1.25^
Extra
7-31
1-2-48
8%c
9-81
8115
20c
Breweries, Ltd.
,
8%c
8-
8-1
8-40
common
Coca-Cola Bottling Co. of St. Louis
(quar.)
Colgate-Palmolive-Peet Co., common (quar.)
7-31"
.
8-15
$5
Inc.
9- 5
$1.50
Vvi
'
8-15
1
1
'
Monthly
Coast
7-15
8-15
9-10
8-20
.
,,
8-15
(quar.)
Inc.
W.)
(E.
r$2.25
7-14
8-15
Foods,
7.-15
7-15
7-25
______—
conv..
-
preferred
9-21
10-
30c
Industries,
90S
1
10.%
_
(s-a)
non-cum.
9-f9
1
8-
->87%«
"
,.10«
■;
(quar.)
Common
1
8-
20c
7-11 :
,
10c
(quar.)
Electric
8-22
$20c
(quar.)
i
7-?5
7-25
Ltd.—
pfd.
A
9-#H
5Qe
'
•
quar.)
(increased quar.)
Electric,
(quar.)
7-21
1
40c
:
1
(initial
&
10-
25c
(quar.)
par____
Gas
8-11
8-
7-30
$1.12 y2
;
Monthly
Monthly
.
'
,
7hi5
20o
17'/2c
Limestone &: Cement—
preferred
Birtman
7-23
.
7-3
65c
(s-a)__
—_
(quar.)
preferred (quar.)_
Corp.
(initial)
5%
7-15
—
Co.
com.
preferred
$2.50
Clinton
7-15
8-
1
50c
7-15
$1.13
—
Stores
Bliss
9-10
8-
25c
88-
$1
(quar.)
Best & Company
9-30
10-
4%
Best
7-24
10-15
;
County Gas (quar.Ou-i-U—__JLL—L__
York Knitting Mills,
Ltd.,-common
1st; preferred
(
7-24
50c
certificates-
Western ,Railway, of
7%
.
17i/aC
York
.
..
7-15
7c
30c
Steel—„
preferred (quar.)
preferred (quar.)
Hedges $2
Shoe
Bessemer
1
•.*'
Corp.—
Ltd. (initial quar.)
"Westchester- iFire .Insurance.,
J 77o
8-
8-15
(irreg.)
56V4C
5c
Beneficial. Corp., common
$6 preferred
(s-a)
7-16
8-15
Waterous,
Yosemite
8
$$1.75
(quar.)
(quar.)_,
25c.:.
Co..
Watch
9-
8-15
(quar.)
'
(quar.)—
preferred
9-15
_
Victoria Bondholders
Voting
7%
12-15
25c
.__
Circuit
Cos.
7-23
1
20c
9-
1
8-15
8-
im
(Boston)—•
com.
Clearing Machine Corp. (quar.)
Cleveland, Cincinnati Chicago & St. Louis Ry.—
,
-
—
Belding-Corticelli, Ltd.;
4-1-48
25c
_•
.
Tobacco
8-26
Fibre
Corporation,
Class
7-21
(quar.)__
:___
!______—'.—:___
6%
Trust
Co.,
(quar.)__
Co.
preferred
5%
7-21
8-
/
Tool,
Estate
;
Candy
Cincinnati
7-16
30c
——___
of, America
Ltd., $-1.40 pfd. (quar.)
Beck (A. S.) Shoe Cqrp., common (quar.)—_
4%%
preferred' (quar.)_-
8-26
1-1-48
5%'
c
1
56y»c
.___
Inc.—
Paper,
Real
preferred
New
8-18
1
1
8-
(increased)
&
Lumber
Berland
.(
88-
9-
$1.12 Va
(quar.)
Company (stock dividend)
Chrysler Corp., old $5 pai~
3
J$1.37,/2
—
Corp.
50c
Obi ffquar.)____
Union:'Asbtentos
Beaver
8-29!
.
1
10-
,
.
<quar.)_———
Machine
Baystate
,'
,
tjOrdiirmry,'(interim)
Torrington i Mrgl, Co/, (quar.
Unitedi Artists, Theatre
Bausch
Co.
Power
A
50c
—1—
Tobarco SecurLtiPfi Trust—
Extra!
Oil
50c
—
•,
Tuck'ett
1
8-
50c
_____
.
—
62 '/a C
.__
1
2,
Quarterly
Quarterly 1
10-
9-10
$1
7-30
9-15
pfd.
qonv..
-■7-30
8-10
25c
Co., com. (quar.)_„
Bond &,M.tge. Guaranty Co. of Amer.
.-Class
Store
preferred
City .Investing Co. .^reduced)
City of Paris Dry Goods—;7%
1st-preferred (quar.)
7%
1st preferred
(quar.)
7%
1st preferred
(quar.)
City Stores Co., common (quar.)
$15c
Porcelain
Bathurst
7-31
8-10
50c
Tbeorooid
t
£-15
5c
Extra
TJranp
7-25
______—___
Gulf; Sillphur_„—
,
8-15
8-20
40c
Ray
6%
9-10
$1
(A.)
(quar.)
Investment Corp.—
convertible
3
7-
2
1
7-23
15c
3 ;
1
8-
7-17
15c
7-
8-
7- •&
7-31
9-
50c
■
com
7-
Hydro-Electric
Banjters
Wire
Copper Corp.___.
prior pfd.
Chicago
7-15
7-31
Kellogg & Sons—.
&
Products
1
8-
19
9-16
$1
Chiksan
-t
•
$1,
8^*5
25c
8-1
$1>.
7-31
13c
Cinecolor
Z;
1
90c
7-25
'
-
com
Corp.__
6-27,
(quar.)__J4
(quar.)
:
Electric
1
;___
pfd.
American Insurance Co.
7-17
&
8*98
IM5
7-31
30c
(s-a)
2
(quar.)
Co,—
Co.
(quar.)
Pasco
Store
4%
93%c
conv.
Co.
Gas
8-
L
_
1 £
8-30
40c
9-
;—
I
1
8-
25c
$1.50
Dallas, common
preferred^——
Rubber
Baltimore
7-17
Bangor
Mills
of
1
$2
Spartan
Spencer
Stein
Hotel
.3 %. non-cum.
>
25c
Roofing Co.—
Inc.——
8-
»
(quar.)
.
(quar.)
Wilcox
&
60c
Works____—
Iron
8-
'
pfd.
com.
Co.,
Canteen
preferred
Baker
1;
&
pref.
$4.50
of
>
8
1
8-
25c
(quar.)
$2,50
(quar.)—————1
prior
Babcock
(stock dividend)—
1
8-
8-
D--*9
1
$1
(quar.)__
8-
Avco Mfg. Corp., $2.25 conv. pfd.
Avondale Mills com.- (monthly)—/
7-31
.common ^tqclc- ($25 par) for each' share
new
Nichols
Conv.
Automatic
7-31
35c
2
Steel
De
3V2%
8
9-
1 T
7-21
75c
\21xho
Co.—
Co.,, 4%
pref.-
Austin
7-18
Sharp
8-
12-
50c
(quar.)_
Storage
,
Wiborg Proprietary,.Ltd.—
5V2%
1
Security Insurance Co.
2
1*5
.
9- 1
$1.25
Chase National
8
9-
10-1
Siteo
(quar.)
(quar.)
(quar.)
common
preferred
v4'/2%
5
8-
1
2%
Bank (N. Y.)
(quar.)^
Chesapeake Corp. of Virginia___.
Chesapeake & Ohio Ry.—•
5
9-
2
$1.50
*
;
Co., Ltd.—
47o
9-
9-30
$1.75
i
iquar.)_.
Refining
Powder
Ault &
7-18
15c
Co.——
7-28
Telephone
Atlas Steels Ltd.
1
25c
7-15
9-30
(s-a)
preferred
Co.
Gas
Chase
9-15
7-25
9-
pref.
4%
National
$4.50
12-19
9-30
1
8-15
'*
31teo
Champion Paper &
9-24
12-23
88-
1*5
Furth Oak-
Tractor
Cold
Chain
12-19
40c
preferred, (quar.)
47o
Atlas
7-20
9-
9-30
$20c
(quar.)
(quar.)_
$5c
$20c
(quar.)
9 39
1
$10c
(quar.)
com.
Quarterly
$3
com!
Paper,
Corp.,
4 Ms %
3
15c
(quar.)
preferred A (quar.)
3.75% pfd.. B (quar.)
Atlas Portland Cement
;
7-19
25c
(rrreg.)^_;_7—_____
pfd.
&
preferred
Chain
6-24
12-23
8-
I
Cerro
6-24
7-
$5c
(quar.)
Certain-Teed
7-22
$1
(quar.)
City Electric
Atlantic
,
7-10
1
8-20
7-31
1
4%
6-30
8-
1
$17yac
Central Ohio Light & Power—
3.6%
preferred
(quar.)
Central Power & Light Co.
7-10
15c
6%
Goods
preferred
Atlantic
'
10-15
1
$1.35
(resumed).
(quar.)
Atchison Topeka & Santa Fe
Ry„. common—.
: b%
non-cum.
preferred (s-a)
7-15.
11-1
1
7-31
$1.12'/a
*
Gas
preferred
2nd
-4V27o
10-15,
75c
(quar.)__
common
Corp.
Dry
1st
,17a
7-15
1
15c
-
Co.,
1
8-
8"
10-
(quar.).
(Texas)—
7-30
7-31
8-29
8-
Central
8-
9-
1
10-
Hudson
7-17
$1
Corp. Ltd.
Associated
7-18
£'-
15c
t
.
6%
7-19
11-
7-17
$10c
7-18
7-31
-
7-25
60c
8-29
10-
$$2
non-cumulative
&
.
(s-a) Z
Equipment
Associated
7-18
15c
»
Inc.
$6
Co.
v
1-21
25%
7-24
.
7-22
(annual).
Ltd.
Central
10-22
(quar.)
Natural
Asbestos
'
Stores,
Co.,
8-15
7-25
50c
(quar.)—______
Estate
1
15c
—
Transit, Corp._—
Real
Aro
8-22
Mills
preferred
8-15
7-25
6c
B ( quar.t
6%5 preferred B (quar,)_____»_-^—
Rich's,» Inc., common (quar.)—
■_
5-10
-
,
,___
6% ^preferred
preferred
6%
1
1
J 10c
1
$$1.12^1
common
Corp., Ltd.
Central
8-
t56V4C
9-2(6
10-
lquar.)
Central Electric
7-11
11-
40c
Cotton
9-
14c
A, .(quar.)_e_—
(quar.)
14c
(quar.)
9-29
7-31
1
5%
7-11
1-31-48
—
1
8-15
1
9-2»
8-22
10-
Central
6-13
7-22
i56V4c
Arcade
01
-9-15
7-18
50c
Appalachian Electric Power 4'/2%
-
1
8-
$1.50
(quar.)
Ltd.
(s-a)
Oil, Ltd.— "/
8-15
-
8-
8-
91ft
$$1.25
Celotex
7-18
$1.25
preferred
CO
50c
1
1
1
8-22
$25c
com.
8-
(quar.)___
2
8-
(quar.)
Caterpillar
10c
(quar.)_
com.
$$1.25
Ltd.—
$$1
Carpenter
$1.50
5
20c
-
1
8
7-22
$1.50
9-
,
„___
87-
8-11
$3
pfd.
9-$0>
(quar.)
Carolina Clinchfield & Ohio
Ry.
Carolina Power & Light
5
-
(quar,)
Clayton & Co.
Arkansas
(quarv)___
12-
50c
(quar.)
9-
87'/aC
12-15
(irreg.)
preferred
9-
(quar.)__
Cable
6-23
1
Preferred
6
7-31
»
1
8-
preferred
Preferred
9-
8-22
Co.,
7-25
8-
$5Qc
(quar.)
Capwell Sullivan
7-21
40c
131
8-20
Railway—
5
9-
1
50c
common
preferred
Fence, 6% prior
preferred
(quar.)
Extra
for
;
8-
8-15
,9-15
preferred
4%
9-15
(quar.)
Ordinary (final)
Anglo-Newfoundland Development
shr.
common
9-15
$1.75
$3c
l/20th of
(quar.)—.
25c
60c
8-29
$1.25
prior
Common
Water
7-15
,9-31.
$1.50
8 7c
preferred (quar.)
Canadian Pacific
7-15
1
(quar.)_
common
prior
4l/z7o
Indiana—
&
1
1
8-
9-15
5%
8-29
8-
Anglo-Huronian,
8
f
1
10-
com
Anglo-Canadian Telephone Co.,
1
8-
10-
*M1
8-23
8-15
i-$15«
(quar.)
shares
9-JU.
9-11
■V
9-21
4%
1
7-
30c
quar.)
Smelting,
prior
&
7-15
A
-
-
8-1
37yac
$2Qc
Canadian Investors
Canadian Oil Cos.,
7
$1.75
Refining
&
7-
Class
Ordinary
7-15
7-22
25c
(quar.)
25c
—_______
6%
Rochester
8-30
held
:(,Georgei
Schulte
8-
(s-a)____
(quar.)
Wire
Post
Anderson
7-21
8-15
75c
quar.)
(interim)
dividend)
Gas
7-30
50c
7-25
$1.50
Foundry
'
-
1
Ltd.—
Canadian Investment Fund, Ltd.—
Special shares (quar.)
7-14*
$1.75
(quar.)
(increased
Lead
Anglo-Iranian
90c
Randall Company/ class A^(quar.)___
Republic Investors Fund, common
Rose's
1
(Phila.)—
Co.
Co.
Fund,
,3%%
2c-
1
&
1
75e
~
(quar.)
Ltd.,
7-25
7-21
I
8-
8-
$371/26
4V2% pref.
(quar.)__^
Canadian Industries,
8
7-10
1
..
—
common
6%
7-19
quar.)
Zinc
$1
8
8-
7-31
10c
6%
7-31
8-
Puget Sound Pow.er 81
Putnam
8-
8-15
37V2C
Corp.,
convertible
Anchor
&
Co.
preferred
Anaconda
7-15
7-31
Steel
Inc.
1
8-15
preferred
Puritan
8-
Cement—-
share
Pullman,
8-15
10c-
(quar.)
Viscose
8-30
5c
1
(bi-monthly)
preferred
American
$5
—
Co.
Stove
7-21
8-
8-
J.
.9-31
-8-1
(quar.)
:
■
$25c
Canadian Converters, Ltd., class A
(quar.)_
$18%c
Canadian Food Products,
Ltd., com. (quar.) ' $18%c
Delaware—
com.
120c
Class A
7-16
1
9-15
Car
8- Z
7 - 45
.
50c
Cquar.)
Southern
Common
9-21
8-
8-15
$20c
(quar.)
Canadian
-742
•
1
$3«c
,
Northern
2
50c
;
(quar.)
Smelting
1st
5 7c
7-15
221/aC
(initial
Indiana
3Va %
<
8-15
conv.
preferred (s-a)
Insulated Wire (s-a)
Service
each
^
1
8-15
Petroleum
Common
«
9-
non-cum.
Portsmouth
%
$1,121/2
—
8-15
Proprietary Mines, Ltd.
v
American
American
9-
7-30
50c
(monthly—
pfd._
(Newark, N. J.)
preferred
7-15
31'/4C
&
Co.
7-21
9-15
30c
of
'
Power, common (quar.)__
Railway (s-a)
Bronze, Ltd. com. (quar.)
5% preferred (quar.)
7-21
5
8-
50c
(s-a)
non-cum.
Corp.
77o
7-17
7-30
30c
(N. Y.)
A
Canada
7-24*
15c
,
20c
News
1
34 %c
preferred
Phillips
1
(irreg.)
(monthly)
Inc.
6%
Insulator
Ins.
Class
Canada
»-
\vho
Forgings,
1
9-10
135e
(quar,)""
pfd.
5%
preferred (quar.)
Canada Foundries &
1
8-15
$3
2
^
$1.75
Canadian
:
7-31
371/2C
Investment
Philadelphia
Co.
88-
Power
1
9-
-
1
8-
aoc
7
•M5
1
8-
15c
_~
(quar.)
t-ta
7-
1
26c
(quar.)"
Oregon Power Co. com
Packing Corp., common
California
7-21
1
1
5c
Paper Goods Co.,
preferred (quar.)_!
1%
1
89-
pfd.
8-
*$1
..
"
California
7-15*
9-
partic.
8-
$150
.
pfd". (quar.)_J
Electric
7-17
each
(initial)
Products
preferred
8-
(quar.)__—
Portland
Va 7c
Penn
for
___'
Leather
l7o
7-15
(quar.)______—__________
Light—
preferred
Pacific
&
American
8-30
7-25
$1.50
.__
of California—
(initial quar.)
Gas
Power
8-30
Corp.
preferred
Pacific
1
7-31
80c 2nd
1
7-31
25c
California
6
Co.—
American Light & Traction
22VaC
(quar.)__
—
pfd. (quar.)___
pfd. (quar.)
Co., 6%
preferred
5Va%
6To
Ice
American
Co.—
Utilities,. 47o
Finance
Pacific
8-
50c
common
Hydraulics,
American
9-22
9-20
8c
.__
Noyes (Charles F.)
4Va7o
I2V2C
(initial)
Home
American
8-28
1
9-20
$1.37Va
(quar.)
preferred (quar>)~_:
Pacific
$1.50
._
Works
Northwestern
8-
(quar.)
;
American
(accum.)____
Common
4'/a %
common
American
8
8-15
9-10
50c
_____
Engineering
Northern
1
:
Assurance
Hoe
Extra
quar.)
preferred
preferred
Northwestern
Co.
Furniture
Hide
Corp.—
(increased
convertible
Northern
&
American
North American Investment Corp.—
5J/a%
9-
75c
Extra
7-24
$50c
—
American
6jo
t25c
Increased
Mines
Common
$2
Insurance
Fork
American
7-21
$1.50
—
York
7-30
.*
dividend) —
& Light, Gl. B
(quar.)—-
American Equitable
1
8-
8-15
25c
T
1
8-15
6-23
1
8-
1*T
1
8-
90c
.
(A.
8-
40c
(quar.)__
M.) Co. 7% pfd.
(quar.).
Jackson Co., (increased
quar.).
Caldwell Linen Mills com._
$1.50
1st
pfd.
(quar.)_,
7-18
7-21
9-10
25c
25c
'
Byron
9-18
8-10
62M2C
common
_i.
10-
75c
1
25c
(quar.)
(stock
Coloty'pe
Distilling
10-
(s-a)—
10-
20c
Cities ,Pwr.
American
beneficial interest (quar.)New York Chicago & St.
Louis RR. Co.—
6 7c
preferred A
New
held
9-15
8-15
$2.50
(quar.)
Co.
American
England Fund—
Certificates
Co.
Chicle
1
50c
Fire
Co.
10-.
75c
8
1
1
(quar.)__
com.
4%
Bunte
Byers
(quar.)
Board
$1.12'/a
___
7-25
75c
Co.
$1.25
(quar.)__,
(quar.)
25c
additional shares of
share
4
7-10
7-
Burroughs Adding Machine
25c
American
Two
7-31
(quar.)
(Los Ang.)
Brothers (quar.)
Burkart (F.) Mfg
Bullock's Inc.
Youngstown RR.—
15c
preferred
Brunswick
New
Box
7-10
2
8-
8-
preferred
7-14
9-
J50c
(quar.)
American
7-24
(quar.)
(quar.)
Book
4
8-
Stores
Extra
>
National,Paper & Type__——
New
Stores
American Can
9-30
5
9-
3c
,
'
&
American
(quar.)
com.
Shoe
$$175
;
1
8-
6c
5%
7-15
15c
7-15
HoUtesu
Co.—
(quar.)
7-21
27'/2c
Inc.
Co.
Canton
.'
(quar.)
Fund,
American
—
47
Payable e/ Beer-
$$1.50
Telephone
preferred
Brooklyn .Union Gas Co. (quar.)
Brown Shoe
Co., $3.60 preferred
Buckeye Steel Castings, common
7-15
7-25
Columbia
2nd
6%
Portland Cement—.
Aluminum Co. of Canada, Ltd. 47a pfd.
(quar.)
Amalgamated Sugar 5% pfd, (quar.)
Amerada Petroleum Corp.
(quar.)
1
8-15
$1.12'/a
Share
Class B
Payable of Rec,
t75c
Inc
Alpha
7-23
(increased)—
preferred
4>/a%
8-
7-30
(quar.)
Cb.,
National Linen Service Corp.—
Common
8-15
$1
(quar.)
Works
Iron
75c
»—
Fibres
Gas
___
(irreg.)___
Association
preferred
Allied
„
Racing
Narragansett
Share
Company
Broadway Dept. Stores,
Inc.,
Holdert
Ltd.—
preferred (s-a)
Alabama Mills, Inc., common
8-15
60c
:
Akron
,-
When
Aluminum Alloys, Inc.—
Air Reduction
3
$44c
Paper,
(initial)
Straus,
~
_
&
Agnew-Surpass
7-15
7-15
&
Affiliated
7-15
$1.12 Va
$13c
(s-a)
Moody's Investors Service, Inc.—
$3 participating preferred (quar.)
pfd.
$1.10
—
Insurance
Power
Abraham
9-12
97 VaC
(quar.)
Life
9-12
$1.25
Extra
Name of Company
Abltibi
7-22
1
(quar.)
(quar.)—
preferred
1
10-
Co. (s-a)
Monongahela Street Railway Co
Montreal Cottons,
Ltd., common.-r.—____
.
810-
British
6%
7-31
20c
Schuylkill Haven RR.
Monumental
8-15
35c
—
Valley Public Service Co.—
(quar.)
Mississippi
tec
preceding table.
Per
When
Name of
British Columbia
Pulp & Paper—
7% preferred (accum.)
week, these being given in the
7-22
7-21
8'7 Va c
(quar.)
common
preferred (quar.)
Metropolitan E'dison Co., 3.90%
this
announced
7-22
1
dends
7-21
1
8-
1
Co.
(s-a)
&
1
8-
50c
j
(quar.)
3'/a%
Mine
11
8-
50c
■
i
Manufacturers
&
(N.'Y.)
r-i,
8-
30c
(quar.)—
■
'
Meadville
30c
(quar.)—
Electric
McGraw
Merck
(quar.)
participating
Fully
(303)
give the dividends announced in previous
weeks and not yet paid. The list does not include divi¬
we
v
-
.
Crown
'$4
Sexton
Cork
&
conv.
Co.
(quar.)__
:
9- 7
9-30.
8-11
$$125;
pfd. (qua?.>__: ' 28V^q
<quar.)-j_;_-_-______,;'450c
Corp. $4.20 pfd.
2nd pfd. (quar.);—
I'J
?:'!
'"$25C,
4Ya%
Seal,- Ltd.'
Zellerbach
•/ 9\m
:
..
,,
9- 1
8-15
$1 05
9-
•$!
0-
1
>•,
>
1
8-15
.;.3-45,
8-43
-
8-43,
■
THE COMMERCIAL & FINANCIAL CHRONICLE
(304)
48
Crum
$2
preferred (quar.)—5% preferred/ (quar.)
8%
Forster,
&
Cuban Atlantic Sugar,
$1.25
10-
1
8-
1
7-19
25C
$1.25
8-
1
7-11
68c
_———a
Mfg
&
Gasket
_aaa_-
Stove
Detroit-Michigan
Co.,
Extra
"5%
6%
B
/Extra
—.—
pref. (quar.)
Malting Co.,
Ltd.,
$37 %c
8-
1
7-15
f 25c
8-
1
6-30
1
6-30
Hallnor
$30c
7-
2
7-31
7-
2
certificates
trust
Common
voting
Common
(quar.)
7-
1
8-
$25c
(quar.)
11-
1
10-
11-
1
10-
1
$25c
10-
1
9-
1
}20C
8-
pfd. (quar.)
$$1.12%
4%%
Dow Drug Co.
(quar.)
Dryden Paper Co., Ltd.
Donnacona
Paper,
conv.
(quar.)
du Pont (E. I.) de Nemours & Co.—
£4.50 preferred
(quar.)
$3.50 preferred (initial quar.)
Dun
Inc.
Bradstreet,
&
7-25
7-25
9-10
Eastern
Corp.
Eastern
Massachusetts
(quar.)
75c
8-15
8-1
20c
8-
7-16
4
$1.50
$1.50
1st preferred A
(quar.)_.
(accum.)———————
Association, Inc.—
$2 par and no par value (quar.)Ekco Products Co., common (quar.)
4% % preferred (quar.)
-Elgin National Watch (quar.)— a——a.—6% preferred B
12-15
$6.50
(quar.)—
8-1
$1
9- 2
7-15
30c
8-
1
7-15
8-
1
7-15
dividend.
Electric
Paso
share
Co.,
Virginia
of
15C
50c
10-
1
1
8-15
7-30
7-15
Smith
Co.
Erie Railroad
5%
Electric
(s-a)
7-10
1
5%
8-15
8-
25c
8-
1
7-
$1.50
8-
1
(quar.)
4%
1
Brewing
;
a„
Quarterly
i
5%
7
Fedders-Quigan
Interim
Co.
Co.
of
N.
J.
Fibreboard
Products,
Fidelity & Deposit Co.
Extra
Field
(Wm.)
7-16
1
$1
■v
r—
7-31
Class
(quar.)_:
B
$3
:_i_
7-25
7-15
9-15
,
(quar.)__
Firestone Tire & Rubber
First
$3
;
9- 5
$1
—a——
Boston
Class
7%
preferred
Foster
Co.
Brothers
Fire
Simon
4%%
&
pfd.
conv.
Franklin Stores
Co.
7-18
37 %c
of
Phila.
Fuller
(A.
(D.
Gabriel
B.)
&
1
9-15
6-30
7-25
8-
1
7-17
15c
,
5%
Co
(irreg.)
General
General Electric
General
,
common
Finance Corp.,
General
Mills,
of
8-15
7-15
6-30
8-
1
7-15
8-
1
7-15
8-15
8-
7-31
7-15
7-31
7-15
1
Co.
(quar.)..
Electric
(initial)
-
preferred A (quar.):
i——
Jersey Central Power & Light—
4% preferred (quar.)
•—
i
Johns-Manville Corp., 3'/2%
pfd. (quar.)__i,
Johnson & Johnson, 4% 2nd pfd. A (quar.).
$1.25
4%
$1
87'/2c
$1
87'/2c
8- 1
8- 1
8- 1
8- 1
2nd
preferred
Mutual
Johnston
B
Fand
Co.—
City Power & Light
3.80%
preferred
(quar.)
'
5%
preferred
Kennedy's, Inc., common
Creamery Co. 60c
5%' pld. A (s-a)
-
9-20
1
25c
11-25
11-10
6c
7-21
6-30
(Boston)—
beneficial
interest-
Inc.
37%c
8-
1
6-26
7-15
8-11
7-10*
/
■
7-21
7-21
7-15
—,—______aa
Co.
7- 2
7- 2
7-15
8-11
2
6-30
8-
9
11-10/
7-15
Kresge
(S. S.)
(quar.)
(quar.)
Co.
8-25
7-10
9
7-11
7-11
(S.
4%%
Kroger
H.)
&
Co
8-15
7-
preferred A
Company,
1st
50c
(quar.)
common
(quar.)
preferred (quar.).
7%
2nd preferred
(quar.)
1%
2nd preferred (quar.)
Kropp Forge Co. (resumed)—
L'Aiglon Apparel, Inc. (quar.)
;
$1.12'/2
$1.21%
60c
$1.50
$1.75
$1.75
10c
10c
-
7-21
8-11
Co.
Bank
Common
7-10
(stock
(quar.)—
pfd.
(N.
7-15
.1
Y.)
(quar.)—_—
Inc.
conv.
7-11
8-19
8-
8
9-22"
12-22!
Common
Common
National
Hosiery
Iron
Lead
7-15
National Liberty
7-
5
7-25
Extra :
Co.,
7-12
/
7-10
'
8-15
9- 3
lc
lc
9- 3
8-15
7-31
7-11'
50c
62'/2c
8- 1
7-18
7-21
7-21
8- 1
9-2
6-30"
t
62%c
25c
37%C
.
..
6-30
7-19
8-15
50C
9- 2
8-15
9-26
12-26
12-18
56%c
8- 1
8-1
30c
12%c
7-31
40c
40c
$1.75
15c
7-24
8- 1
,10-15
"8-29
8- 1
,8- 1
8- J
•
-
fe- 1
7-31
9-18
7-15
-
7-18
7-15
7-10
7-21
9-
9'
8- 8.
7-15'
7-11.
7-15
!7-10.
7-25
7-11*
6%
Ltd.
:
9- 2
8-12
8-1
10-30
10-20
—
B
Ins. Co. of America
(quar.)
(s-a)__
_
(increased quar.)
Co., 5%
pfd. (s-a)__
$15c
$15c
10-1
1-1-48
17c
(irreg.)
a__
National Paper & Type
£-1
Canada—
(quar.)____;—
preferred
National Mallinson Fabrics
50c
Machine-
Corp.
Works
National
National
8-25.
9-25
$15c
—_
Quarterly
8
10-15
Mills,
Nationall1 Investors
,
80c
30c
pfd._$0.296875
____
200%
(quar.)
(quar.)
9-15
8-
Welding
Electric
7-15
7-11'
2c
2c
(quar.)
Distillers Products
Drug & Chemical Co. of
Convertible
preferred
(quar.)_
National
r
20c
(quar.)—
National
8-15
7-15'
America—
4%%
dividend).
1
12-15
,
$1.50
$1.50
of
National Container Corp.,
National
;
9-15'
$12%c
(quar.)—
(quar,)
National
Aviation Corp.
(irreg.)___
___
National Battery Co, (increased quar.)__—
National Biscuit Co., common—.
>7% preferred
(quar.) __.—
National Chemical & Mfg. (quar.)
;_
8
7-21
7-15
8- 1
Alu'minate Corp.
City
7-21
7-15
7-30
56%c
_________—
Ltd.
Straus-Duparquet
Comoany,
$1.50
37%c
(quar.)
(quar.)
National
7-19
7-15
10- 1
1-2-48
7-25
8- 1
9- 2
——__a^—
a
Mills,
National
7-31
7-21
8-25
50c
Nathan
7-19
7-31
7-31
8- 1
8- 1
$12%c
$12%c
75c
$1.10
34%c
Development
&
Narragansett Electric,?4%%
National
9- 1
$1.50
6%
4
7-18"
40c
______
;
Chemical
preferred
preferred
1
7-19
8-1
10- 1
(increased quar.)________
'Mountain States Power com.
(quar.)__—_
5% preferred (quar.)—___—_—____a__aa
Munising Paper Co., 5% 1st pfd, (quar.)_—
Murphy (G. C.) Co. (quar.)_;
Muskegon Motor Specialties—
t
$2 class A (quar.) J
6%
8-
7-19
7-31
8- 1
$1.50
Inc.
7-15
7-15
Mining
:
Munson Line,
7-15
America—
(quar.)
7-31-
7-31
8- 1
8-1
!___
of
A
Rice
Mutual
7-
8-
(quar.)—
Goods
Dry
—
Royal
9-27
*
7-31
8- 1
9-11
9- 2
9-29
12-29
9- 2
10- 1
8- 1
11- 1
(quar.)
Extra
Mount
6-30
8-15
8- 1
8-15
8-15
8- 1
25c
(extra)——.
'
1
7-11
25c
________—,___——__—
Corp.
8-
7-18
20c
$1.75
(quar.)__
,
8-15
7-18
25c
Works, Ltd.
Plan
8-30
8-1
(quar.)_
(quar.)A______4__
R.)
7-15
8- 1
St. Louis Railway—
; $2.25
preferred
Mount Diablo
Oil
7-15
7-15
7-15
6-30
$25c
80c
10c
20c
—
Morrell (John), & Co. (quar.)
Morris
8-15*
8- 1
$22%C
20c
$1.18%
(William
8-15".
8-15
$1.75
Monongaheia Power, $4.40 preferred (quar.)
Monroe Loan' Society, 5%% pfd. (quar.)A—
Montana Power Co., $6 preferred (quar.)—
Moore
8-15
$1
Modine Mfg. Co.
6-30
20c
Quarterly
9-12
8-15
40c
(quar.)a—
7-15
7-16
30c
Tool
Modern
1
8-15
25c
RR.
preferred
7-
7-21
t50%c
7-15
7-20
15c
(quar.)
Stores, Inc. (quarr.)
Kokomo Water Works, 6% preferred
6%
(quar.)_
Shoe, Inc., tomrtion
,4%%
Minneapolis &
6-30.
30c
25c
common-
Central
1
11-29
75c
43%c
43%o
(quar.)
Bakeries, Inc., common___a__
7% preferred
(quar.)___»a______a__a_-____
$1 non-cum. prior preferred (quar.)_;
Michigan
7'
7-18
8- 1
8- 1
8-31
11-30
8-29
9- 2
7-21
$15c
Mississippi Power & Light $6 1st pfd. (quar.)
8- 1
(quar.).
Kress
6-20
15c
pfd.
Kroehler Mfg. Co., 4'/2% preferred A (quar.)
7-
7- 7
95c
7-18
1
85c
75c
$1.50
;
Michigan
,
7-15
$1.25
(quar.)
9-19
8-
6-30
Kellogg Switchboard & Supply Co.—
1
9-30
75c
93%c
93%c
______
Company
20c
(quar.)
Kansas
1
7-25
62%c
pfd. (quar.)____
Ltd. (quar.)__
Merritt-Chapman & Scott (increased s-a)__
12-20
8-14
8-
12-
7-21
8- 1
9-15
9-15
9- 1
9- 1
9- 1
9- 1
8- 1
8- 1
29c
$3
$50c
(quar.)___
Mills,
Mercury
7- 8
20c
class A
common
Meyercord
9-
8- 1
8-28
9- 2
12-15
7-28
(quar.)
Corp.,
20c
(initial)
Kalamazoo Stove & Furnace
8-
25C
•
;
10-
50c
_
5%
Jantzen
pfd.
Kobacker
40c
8- 1
,
7-31
8- 1
9- 1
(final)
Co. 5%
Knudsen
7
12- 1
80c
pfd. (quar.)..——13%c
Co.— .*
r '
10- 7
7-15
7-18
7-21
9- 2
79c
7-10
7-
12°
30c
62'/2c
7-15
1
9-15
a—
55c
Co.,
shares
(F. L.)
1
8-
8- 1
8-29
40c
.
(quar.).——
Knitting Mills, common (quar.).—
American
1
7-21
y/zO
22'/2c
la—
15c
;
Co.
General Investors Trust
Certificates
Ironer
8-
$1
8- 1
8-15
/
8- 1
8- 1
7-15
7-21-
_a
___
Stores
Messenger
„
f$1.75
t8%c
—_——
Manufacturing
Italo-Argentine
8-
25C
.
-a—..a.
$2
Com
preferred (quar.)
General Brewing Corp
^General Cable Corp.,
Fireman
7-25
5C
8- 1
'
.
(increased)
Corp.
25c
$8
'
2
7-25
7-25
5
8-22,
12 %C
__
conv.
Baking Co.
9-
a___
9-20
9-10
8- 1
Jacobs
5
56V4c
(quar.)——
preferred (quar.)
Gardner-Denver Co., common (quar.)__
4% preferred (quar.)—
Co.,
1
50C
(s-a)
(quar.)—
Corp.
Co.
8-
Co.—
J.), Ltd.
Oil
10-
11-20
7-22
preferred
Fullerton
8-15
/
shares.—...
Group
Quarterly a__-a.a
8-
Companies,
4%%
1
1
7-31
Ironite
8-20
35c
f 50c
Ltd. (quar.)_
$12%c
com.
(quar.)
$$1.12%
(quar.)
___—:
10c
Friedman (Louis)
Realty Corp. (quar.)—__
12 %C
Froedtert Grain & Malting Co., common—
55C
$2.20
preferred
(quar.)
—
Eraser
Ffeiman
12-
1
15c
(quar.)—.
Co.
Ins.
Franklin
Franklin
7-18
9-
(quar.)
preferred (quar.)___
Mercantile Stores, Inc., 7%
,3c
Iron
7-30
12%c
(irreg.)_
—
&
7
7-30
17%0
-.
6% prior pfd. (quar.)
Canada, Ltd. (quar.)
of
Co.
Foundation
7-
15c
5c
8- 1
4%
6-30
Investors Mutual
$1
17 %c
Foster-Wheeler Corp.,
Fowhes
21
5
'
(quar.)--—
(quar.)
Kleiser
&
pfd.
7%
7-
9-
Trust
Ltd.,
Melville Shoe Corp.,
7-21
■■
—
Intertype
$1
Corp., common (reduced)—-(reduced)—-——
A
Fitzsimmons Stores,
9-15
Co.—
1%
Finance Co. of America at Bait.—
Class A
Telephone
preferred
(qtlar.) _aaaaa.aa__a
preferred ($5 par) (quar.)...——International Resistance Co.—
8%
convertible preferred (quar.)
International Utilities Corp. (quar.)
:—
7-15
50c
.
a__—a—a___—_.
7%
7-16
7-31
t25c
pfd. B (s-a)_.
.
7-16
7-31
$1
—
$1.25
$1.25
a.a
International Business Machines
7-21
50c
—a
& Co. (quar.)_a-—
Sons Co. (quar.)
8-
$1.50
(quar.)_
(Baltimore)
t—
Filene's
7-21
(quar.)
__——a
(Marshall)
9-20
7-51
'7-31
$1.06%
prior pfd.
6%
10- 1
37%c
.
...
Extra
1
1
7-31
25c
35c
5c
$1.75
(accum.)
pfd.
50c
20c
$1.25-
Investors
Associated
Insurance
8-12
35c
(quar.)_
8-8
1
8-
25c
(quar.)
Co.,
8-
8-
$1.06%
—
Grain
6-30
(see Field Marshall)-—
Co.
Investors
preferred
7-14-
$1.06%
(quar.)
(increased)
Mclntyre Porcupine Mines, Ltd.
McKales, Inc. (s-a)_
7-15
9-
8-15
McCord Corporation
(quar.)
$1.50
Interchemicai Corp., Common (quar.)—-.
50c
4%% preferre-d (quar.)—.——a—
$1.12'/2
International Holdings, Ltd.aaaa.__—t50c
International Nickel Co. of Canada, Ltd.—
8-15
(quar.)
50c
Co.
Corporation (quar.)_
McClatchy Newspaper, 7% preferred
7%
preferred (quar.)
7-15
8-
8-15
8-15
7-25
7-17
"
(quar,).
McCall
7-28
7-21
8-15
9-12
9-30
12-30
8- 1
(quar.).a—
Institutional Securities—
*11
Federated Department Stores/com.
4%% conv. preferred (qtiar.)--
8- 1
56'Ac
;___a
i
Corporation
McLellan
40c
7-25
(s-a)
1
■
8- 1
9- 2
10- 1
8- 1
common
Extra
7-15
Canada—
of
1
——
Federal Insurance
—_____
(quar.)
Corp.
Federal Fire Insurance
<■
7-15
7-28
9-8
10-27
8- 1
8- 1
37%c
County Gas & Electric Corp.—
preferred (quar.)___,
McCabe
,
'$2 preferred (quar.)
_a____a—
Indianapolis Water, class A common (quar.)
5% preferred A (quar.) aa_----a__a_
Industrial Brownhoist Corp.
(quar.) a—...
10-15
20 c
8-13
$75c
preferred
Miles
1
1
7-11
9- 2
8- 5
8- 1
7-25
8- 1
11- 1
Co.Aa_.__
7-10
9-16
1
8- 1
$2
$1 /
20c
7-16
Co.—
Ry.
7-31
Indiana
8-
50c
$1.25
1
$2.50
Louis
8-1
8-1
8-15
10-
8- 1
8-
$1.50
(quar.)___
(Ky.), common
St.
25c
8-29
11-
30c
___.—
Incorporated
50c
$6
7-15
6
7-16
10c
&
7-10
Illinois
60o
.
8-22
6
8-
9-1
$2
preferred (s-a)
May Department Stores com..
$3.75 pfd. 1947 series (initial quar.)
$3.75 preferred (quar.)
$3.40 preferred (quar.)
Maytag Company, $3 preferred (quar.)
7-14
8-
9- 1
$1.75
$1.75
(s-a)_____—_______
Midland & Pacific Grain, Ltd. (quar.)
8-15
__
(quar.)-
-
9- 1
7-24
$2
8-22
2-23
8- 1
(quar.)
7-25
7-15*
$2.50
Quarterly
25c
2-23
11-21
15c
....
Light $6 pfd.
6%%
7-15
11-21
10c
(quar.)..
8-20
8- 1
8- 1
8-29
Farmers & Traders Life Insurance Co, (SyraFashion Park, Inc.
6-30
12-10
3-10-48
$25c
_.aa
Co.
45c
—$1
Power
Co., com.
(initial quar.)—
50c
preferred
(quar.)___—
62'/2c
Terminal Railroad (quar.)
aa...
"18c
25C
—-
(quar.)——_
Corp.
7-25
8- 1
(quar.)
preferred
Illinois
11-15
12-
9-1
8-20
.
(quar.)
Idaho Power Co.,
$1.25
f
8-20
2;
8-22
50c
Massawippi Valley RR. Co. (s-a)
Massey-Harris, Ltd., common (increased)
7-15
9- 1
lc
25c
Steel
Massachusetts
7-15
8-
9-10
(s-a)
Marshall Field &
8-26
,7-18
1
50c
Mar-Tex Realization Corp...
Marion Power Shovel Co. 7%
7-25
8-1
9-
Ltd.—
Electric
Manhattan Shirt
shares for
new
(quar.)____
preferred
50c
Falstaff
(2
Hydro-Electric Securities, 5%
7-25
8-30
$2
$1.25
7-25
share held—"a_aa_—
old
preferred
5%
i.
,___—
stock dividend
Common
Co.—
(quar.)
.,5% preferred (quar.) __;
Esmond Mills, 5%
preferred
Eureka Pipe Line Co.—
8-15
8-15
9-15
7-25
8- 1
—
—
preferred (quar.).
Huttig Sash & Door, common
preferred
75c
$1
25c
25c
$1.25
—
& Smelting Co., Ltd.—
Bay Mining
each
7-21
8c
Ia—
(quar.)..
com.
$2.25
El
and 1/45
&
Power,
common
4
7-15
7-18
50c
Macy (R. H.) & Co. 4%% pfd. A (quar.)__
Madison Square Garden Corp.
(quar.)
8
8-
Hussman
7-17
7-31
25c
.—
%
of
7-
$1.25
(quar.)
—.a
Macco
8-15
7-25
93%c
&
&
non-cum
4%%
7-16
10-2b
1
9-10
12-10
$1.10 3-10-48
Henderson
Luzerne
7-8
Quarterly
—_—_____a__—a.
Refrigerator Co.—
Formerly Hussman-Ligonier Co.
Common cash dividend (increased quar.).
9-15
9-
18c
8- 1
7-31
7-31
Barbizon,
Hudson
6
9-
$1.25
share held.—-—
for each
common
Eppens,
distribution
A
9-22
preferred
Gas
7-15
8- 1
68%c
$1.12ya
Inc,
Houston Lighting & Power, $4 pfd. (quar.).
Hoving Corporation
_a
____.... —
9-20
2
9-30
Co.
(quar.)
5%
$1.12%
Co., 8% preferred (quar.) —
Empire District Electric, 5% pfd. (quar.) —
Empire Millwork Corp.
(quar.)—
Stock
10-
10-15
1
8-
$4
Power
5%
7-20
11-
75c
(initial quar.)
Louisville
Lukens
7-21
8- 1
Hotel—
Louisville
7
1
8-
50c
;
(quar.)
:
Taylor 8% 2nd pfd.
&
12-31
25o
preferred
Louisiana
7-15
Corp..—
Inc.
Hotel
Emerson Drug
Employers Group Associates (quar.)
Engineers Public Service Co.—
Plantation
7-
7-21
;—
...
(quar.)
Horn & Hardart Co. (N. Y.)
Eastern Racing
25e
8-15,
(quar.)..
(liquidating).
class A
non-cum.
Horder's,
1
12-
8-15
9- 1
8- 1
pref.
conv.
Honolulu
9-15
9- 1
Lord
8-15
35c
$1.12V2
(quar.)
pfd.
Holly Development Co. (quar.)......
Holly Sugar
(quar.)
Holt (H.) & Co., Inc.—
7-17
Street Railway—
1st preferred A
-6%
7-15
1
8-
50C
—
6%
9-20
1
8-
17c
Corporation, (increased)
Dwight Mfg. Co—,-iDuplan
1
10-
8-15
(quar.)
—
Hewitt-Robbins, Inc.
(quar.)—_——
Hibbard Spencer Bartlett (monthly)
Higbee Co., 5% preferred (quar.)..
Hilton Hotels Corp., common (quar.) ——25c
4% convertible preferred (quar.)—...—
50c
$4
8-20
30c
$1.12 %
9- 1
9- 1
40c
Hershey Chocolate Corp. com.
7-10
com.—.
5%
Co.
Products
Steel
Hercules
7-10
87 %c
50c
25c
1-31-48
12%c
a_____.__a.__
preferred
2nd
0-3o
x25o
$1.10
$1.10
Theater
Baltimore
2nd
8
$1.50
...
pfd. (quar.)—
America, 4V»fe
Powder
Hercules
6-30
1
$1.12V2
4 y2 %
preferred
(quar.)—
—
Duncommun Metals & Supply (quar.)—
*
8-22
8-
$150
—
2
7-25
8-
6-30
10-31
t25c
Boston
Common
(quar.)
Corp. (quar.)..—
Company com. "(quar.)
33A% preferred (quar.)
7-15
Lord
8- 1
9- 2
7-21
7-31
j25c
B
Extra
8-14
1
8-
$25c
(quar.)
1
7-15
1
2
7-31
87%c
.
50c
Hecht
7-15
9-
15C
—
1
8-15
Hat Corp. of
11-
89-
$1.12%
(quar.)
Loew's
7-10
8-15
J2c
(quar.)..
Loblaw Groceterias Co.,
Class A (quar.)._•
8- 1
9-10
7-15*
RR.—
guaranteed
Class
1
7-30
96'/4c
37%c
(increased)
(quar.)
5
7-15
9-25
9-10
1
1
8-
10c
(quar.)
(increased
Miami
guaranteed
Co.—
Co., 4J/2% pfd. (quar.)..—
Electric Light
(quar.)—
Hartford
1
$25c
———-
,
9-
10-
Original capital
25c
Harrisburg Gas
2
$25c
Voting trust certificates (quar.)
$1 preferred
(quar.)
——;
Dominion Woollens & Worsted, Ltd. (quar.)
8-20
50c
Refractories
Plywood
1
$7c
——-a
——,
preferred
6%
7-2
1
8-
$25c
—
9- 1
12- 1
(quar.)—
B
Harbor
Ltd.—
Co.,
(quar.)
Oil
Harbison-Walker
8-18
9-15
$32 %c
(quar.)—
,420c
*20c
Extra
Class
6-23
7-21
$25c
$1.25
5
8-
10-
.
(quar.)
common
guaranteed
Original capital
Original capital ;
4
8-
8- 1
10- 1
Ltd,........——
Co. of Calif., Class A (quar.).
Extra
—
Tar & Chemical
Common
7-31
$10c
sua.
50c
25c
50c
25c
Link-Belt Co.
8-
7-15
_,.a
Printing Co.,
Special
Special
Special
7-25
_
$3.50 preferred
7-15
9- 1
9-15
Mines,
Hancock
Ltd.—
Co.,
(quar.)..——
Co.
Lincoln
Little
8-15
common
8
8-20
4
12-
12-22
62%c
(quar.)
Quarterly
Quarterly
,
7-20
9- 4
9-11
93 %c
;
Gold
1
8-
8-25
12-11
_____________
:
b
7-15
1
8-
12-31
(quar.).—
pfd.
11-
$3
50c pfd. (quar.)_______
Lincoln National Life Insurance Co.
(Ind.) —
7-18
9-
Tire
11-15
$75c
Liberty Loan Corp.,
7-10
7-31
.
30c
15c
—•—
Halle Bros.
8-
-
Co., new
Quarterly
Quarterly
7-15
—
L.)
(H.
1
7-10
56yiC
(initial)..
Griggs Cooper & Co., 5% 1st pfd. (quar.)..
Gypsum Lime & Alabastine (Canada) —
Green
Coal, Ltd.—
&
Dominion Stores, Ltd.
Dominion
7-15
1
1
—
(s-a)
88-
'
Class B
7-31
$20c
—
7-
8-20
35c
50c
$1.75
preferred (quar.)—_
Grayson-Robinson Stores, $2.25 pfd. (quar.)
Great Eastern Fire Insurance
(N. Y.) (s-a)
Great Lakes Engineering Works—_
8-15
8-22
$50c
(quar.)
7-10
8- 1
8-25
8-15
,
—
1
9-2
,v /
$1
Knight, 1%
&
$$1.25
Quarterly
Steel
1
37%c
■
——
7-
(quar.)
(quar.).
common
&
5
t75c
Mines, Ltd. (quar.)..
Lerner Stores Corp.,
4%%. pfd. (quar.)__1I_
Lewis Brothers, Ltd. (quar.).^
Quarterly
_*
Quarterly
1
7-25
7-25
8- 1
8-1
9-30
9- 2
Canada—
Co...
Union
Graton
7-17
$75c
(quar.)
com.
5%
preferred (quar.)
Dominion Oilcloth & Linoleum
Extra
Grand
7-31
:
(quar.)
pref.
1
6-30
—-
____—
Dominion
4%
7-25
9-
Inc.
...
Leitch
7-18
8-15
8- 1
7-25
Co.,
preferred
Rubber
1
8-
$1
conv.
pref. (accum.).
preference
(accum.)
Corp.
Leece-Neville Co. (irreg.)
Lees (James)
Co., 3.85%
Lehigh Portland Cement
7-16
8-
&
$2.50
Lee
9-15
7-31
15c
}$1
—
—
a—:
;
Gotham Hosiery Co.
$30c
(quar.)-
pref.
Extra
1
1
t$1.25
7-16
$1.25
62 %c
50c
$1.12y2
20c
4% pfd. (quar.)
(quar.)—..
Co., Ltd.,
8-
8-15
8-
Co
C.)
(H.
8-
7-30
15c
7-30
7-30
25c
a.
Goodyear Tire & Rubber Co. of
6-27
8
8-15
31 %c
9- 2
8-15
15c
—
Goodall-Sanford,
8-18
8-
Inc.
Golden State
8-15
15C
(quar.) a—_—
com.
Godman
5
8-25
$25C
Fabrics, Ltd.
Dominion
1-
7-15
8-25
15c
—
Globe-Union,
11- 5
7-25
12%%
preferred (quar.)——
Dominion Bridge Co., Ltd. (quar.)__
2nd
B
8-
8-15
$1
—
.—-—
redeemable
7-10
7-21
11-15
$1
5%
1st
7-10
7-21
25c
——
(quar.)
Gimbel Bros., Inc. com. (quar.)
$4.50 preferred
(quar.)
7-23
9-15
(quar.)
Common
Leath
„
8- 1
10- 1
10- 1
7%
convertible
8-
56'/4C
Lawyers Title Insurance, 6% preferred (s-a)
Lazarus (F. & R.) & Co. (quar.)
3
50c
(quar.).
Razor,
7%
15c
15c
25c
(s-a)—
-.
$5 preferred
Company
Safety
Gillette
7-10
7-25
$4 1-15-48
Credit. 5%
preferred (quar.)
Dominguez Oil Fields (monthly)
Dominion & Anglo Investment Corp., Ltd.—
6%
8-14
5
$1.25
15c
& Lewis Machine Tool Co.
Gilchrist
Lane
8-
8-15
250
Quarterly
7-17
7-
9-
1
2
2
25c
....
8-1
8-
9-
f $1.75
...
(quar.)
Langley's Ltd.,
—
—
J40c
(quar.)
Co.
7-18
(s-a)
(quar.)—
Refrigerator Co.
Giddings
12-23
1
60o
Domestic
Dominion
9-
1
10-
1
12-23
50c
Ltd.
Mines.
Gibson
(quar.)
preferred
Machine
Bryant, 4%% preferred (quar.)
Lanett Bleachery & Dye Works (quar.)
Gibralter Fire & Marine Insurance
7-21
10-
20c
:
Distillers Co., Ltd. Ordinary (interim)
Dodge Mfg. Co. (quar.)
)bome
7-21
7%
7-18
—
1
8-
20c
—
——'
•»«—
B
Common
Landis
Ltd.-
Co.,
7-17
(quar.)
8-15
50c
.
Diebold, Inc. (quar.)
Di Giorgio Fruit, class A
01.8)88
$1.75
$1.75
—
—a
—Tunnel '(s-a)__—
Detroit River
Class
Extra
;_—a___—
:—
7--7
12 %c
(quar.)
(quar.)
preferred
preferred
7-31
6-30
7
Holden
Payable of Reo.
Share
Milling
8-15
_
(quar.)
class A
(quar.)—
1
1
6-30
Woods
t$1.25
a—
Brewing Co.,
6-30
the
7-31
7-31
8-15
8-15
pfd. (accum.) —
Ltd., common (quar.)_
preferred
5%
Genesee
7-
1
of
20c
a
preferred
(quar.)
General Waterworks Corp.—
Lake
1
When
Per
Name of Company
7- 7
62y2c
87y2c
$1.50
$20o
(irreg.)
Corp.
common
5%
7-10
$2
.
(quar.)
com.
7-10
7-21
20c
"
Detroit
7-25
25c
&
Power
7-10
W—-'
25c
-~a
Light-,
——___
Dennison Mfg. Co., class A (quar.)—
$8 debentures (quar.)
;—---a*
Dentist's Supply Co. (N. Y.)—
7% preferred quar.)-—-—
—
7%
preferred (quar.)—,—a-aa-——-»
Denver Union Stock Yard Co. (quar.)_—__
Delaware
7-25
30c
—
—
Co._____:
7-24
50c
Corp.,
General Steel Wares,
_
—
$1.37V2
$1
preferred (quar.)
Steel Castings $6
$3.50
General
7-14
7-28
10c
Shoe
Utilities
Public
General
9-19
preferred (quar.)—,.
4%% pfd—
Dayton Rubber class A (quar.)
Vilbiss
1
8888-
$1.50
(quar.)
(quar.)
Holden
8- 1
93%c
_
$6 preferred
preferred
(quar.)
convertible preferred
$4
5
10-
(quar.)
Service,
$1.25
——
$5.50
General
Dayton Power & Light
Common
7-
preferred
(quar.)
$5 pfd.
Corp.
Public
General
1
8-
$1.12%
(quar.)
preferred
4% %
Davenport Water, 5%
Davidson
Bros.,
Inc.
De
7-21
Clothing Co.—
Curlee
....
8-15
(quar.).
Drug Stores
Cunningham
87 %c
Motors
$3.75
9-18
25c
Cuneo
Press, Inc., common
3 %%
preferred
(quar.)—
General
9-18
Payable of Rec.
Share
Name of Company
Payable of Rec.
9-30
When
Per
Holden
When
Per
Share
flame of Company
Monday, July 21, 1947
7-19
3c
$1.50
10c
7-22
9-
5
12-5
6-30
7-10
8-
7-24
1
7-14
8-15
7-31
5c
8-15
7-31
40c
7-30
7-15*
$1.25
8-15
7-31
Volume
166
Number 4613
THE COMMERCIAL & FINANCIAL
CHRONICLE
Per
Name of Company
National-Standard
Stock
Share
National
Tank
Tea
National
(quar.)
4J/2%
pfd.
8-
1
8-
1
25c
(quar.)
53 Vac
8-15
7-15
8-
5
Funds—
following funds sell ex-distribution
July 31. The amounts shown are esti¬
mates
Aug.
of
such
Stock
Stock
Series
Selected
New
payable
$2.10
Series
Process
7%
York
New
York
Merchandise
New
York
Power
3.90%
1
7-15
8-
Brake
&
(J.
7-18
6-23
50c
Co.,
9-
2
8-15
15C
—
(quar.)
Co., 3%%
J.)
7-18
1
8-
1
7-21
97y2C
pfd.
(quar.)
8-
1
8-
1
Hudson Power—
1st preferred
(accum.)
Norfolk!
& Western Railway com, (quar.)
Adjustment preferred (quar.)
North American Acceptance (Pa.) —
Class
North
A
CO
$2.50
—
8-
5c
7%
guaranteed
(s-a)__
H
1
9-10
$1
(quar.)
Carolina RR.,
8
7-18
$1.50
7-16
7-21
7-
8-
7-21
(3.50
4.6%
1
5
37 %e
preferred
Engineering
(initial
Flour
Mills,
9-25
•
Ltd.,
(quar.),
common
7-30
7-15
7-30
7-15
1:25(3
10-
1
9-
2
7-21
55C
7-30
8-15
8-
1
$0.59375
8-15
8-
1
8-
7-17
Electric,
Gas,
Industries,
common
(quar.)
common
A
(quar.)
(quar.)—
com.,,
15c
8-30
pfd.
$1.12%
7-31
50c
8-
1
1
Beauty Supply Co., Ltd.,
Participating
Steel Products, Ltd., com.
7%
preferred
(quar.)
U0C
10-
2
$10C
10-
2
9-20
$25c
8-15
7-15
8-15
$15c
—,,
8-
35c
$1.25
-
-
8-
$1.25
—,
(quar.)
1
&
Co
8-
75c
___,
Light, 7% preferred
Pacific Public Service, $1.30
lstipfd. (quar.)
Park &
Tilford, Inc. (quar.),,,!—
8-15
1
7-15
8-
5~
7-23
$3
$1
(quar.)
preferred
(quar.),,
50c
$1
preferred
(quar.),-!
$1
preferred
(quar.)
com.-
$75c
8-
15c
1
7-25
C
(quar.)
92 %C
B (quar.),,
Glass Sand Corp. com,
9-
9-
$1.10
35c
(quar.)
(quar.)
1
8-
8-
1
1
9-15
50c
1
8-
u
Machine
&
25C
—
Gear
7-
Philadelphia Company (quar.)
Philadelphia Electric Co. 3.8% pfd. (quar.),
4.4%
preferred (quar.)
Philadelphia & Reading Coal & Iron
Philadelphia Transportation Co.—
Participating preferred (s-a)
Philip Morris & Co., $3;60 pfd. (quar.)
7-
8-
12 %c
1
1
7-21
7-25
7-
1
95c
8-
1
7-10
$1.10
8-
1
7-10
50C
7-21
7-
7
60o
10-22
10-
$1
8-
1
7-15
(quar.).
$1.25
8-
1
7-21
(Albert) Co., common (s-a)
Piedmont & Northern Railway (quar.)——.
20c
7-31
7-10
preferred
(quar.)
Corp., 5%
Phillips-Jones
——
preferred
Pick
Extra
—
Pittsburgh
A
Screw
(H.
Portland
K.),
Bolt
&
•
7-
5
7-21
7-
5
7-21
10c
7-21
6-30
7-
7
General Electric
(special) —
$3 payment to be paid if and when the
reclassified
stock
is
issued
organization plan of the
Potash
of
Co.
under
Portland
the
Iquar.)
America
Edison,
$3.60% preferred (quar.),,
Potter. Company
(irreg.)
Power Corp. of Canada, common (interim)
—
Procter
Gamble
&
Co.
(increased)
Provincial Transport
Colorado,
7%
Co.
preferred
6%
preferred
Public Service Corp.
Common (quar.)
8%
preferred
7%
$5
..
6%:
preferred
Punta
Extra
(George)
Quebec Power
Milk
Class.
A
Railroad
80c
Mills,
7-31
8-15
Co.,
8-15
7-15
50c
8-
1
7-15
41%o
—
8-
Co.
35C
9-30
8-15
6%
1st
—
8-15
10-15
50c
8-22
6
8-22
8-
6
t25c
9-
8
8-
1
8-
1
7-11
(quar.)—-
15c
7-22
6-30
(quar.)—„
$1.50
8-3Q
8-
8-25
7-18
(quar.)—.
(Boston)
(quar.)
t25c
1
Ltd.—
8-
J30C
r
7-13
25c
7-20
6-30
7-20
6-30
7-20"
6-30
20c
$3
(quar.)
Concrete
preferred
of
,
-
(quar.)
25c
$1.50
(quar.)
Pile, common
(quar.):
Reading Company, common (quar.)
(C. A.) Company class B
$2 preferred A (quar.)
Reed
(quar.)
7-25
6-30
—
7-25"
6-30
250
—
9-15
9-
50c
8-
7-21
1
75C
8-
25c
8-14"
25c
50c
(quar.)
k
8-1"
8-
1
1
7-21
7-17
7-21
7-21
$2.40
conv.
Thew
8-1
7-15
9-
1
9-
1
7-23
"
,
A
8-
Point
(initial
quar.)
Co.,
Sugar
5%
preferred
62 %0
;
7%c
7.18
Westmoreland
8- 5
Westmoreland.
.'
(quar.)J..
:
(quar.)
conv.
Co.
of
,_L_
common
preferred
7-10
$75c
8-: 1
7-
8-1
7-7
White
Sewing
25c
7-31
7-10
$4
9-
9- 1
12-10
12- 1
$1
(quar.)__,
10-10
9-30
56c
10-
1
9-17
Wilbur-Suchard
7-25
7-10
Wilson
$1.25
pfd.
Securities
(quar.)
A
1
8-15
7-21
8- 5
(quar.)!
8-
1
8-
1
7-10
(quar.)
'8-
50c
7-21
preferred—
1
$1.25
8-
1
$1.50
8-
1
$1.75
8-
1
7-18*
7- 8
6-18
.
60c
8-15
12-
1
7-26
7-31
11-25
7- 8
7-21
7-10
8-
9-15
8-15
1
7-18
7-15
6%
34 7/10c
7-25
7-25
7-25
50C
(s-a)
1$1.75
12 %c
Insurance
Co.
(Dallas)—■
25c
25c
25o
LaSalle
Street Corp.
Co.
of
(quar.)
_____
62y2c
8-15
8- 9
11-15
6%
9-15
9-
8-12
2
8-15
8-26
8-
8
8-
8-15
1
50c
11-
3
10-21
17 %C
8-
1
7-15
$1.50
8-15
7-17
8-15
7-17
50C
8-
1
7-11
8-
1
7-11
Co.—
__«i
$1.12%
;
25C
siy4c
1
7-18
8-
1
H
7-15
8-15
8-
1
11-15
11-
1
2-15-48
2-1-48
8-15
$1.25
11-15
8-
$1.25
!
25c
10-
I
11-
$1.25 2-15-48
Corp.
Corpi—
1
2-1-48
1
9-18
9-12
10-
8-29
1
9-15
7-31
7-
50c
.
9-10
8-25
00
7-10
93 %c
9
$1
$1.37%
8-
1
7-21
8-
1
7-18
50c
(quar.)
Corp.—
1
50c
preferred
8-
8-
1
7-18
$1.25
8-
1
(accum.)
!
$5 pfd.
(quar.)
preferred (s-a)
Power
7-21
7-19
$2.50
8-15
8-
1
28c
(resumed)
8-15
8-
1
Co.—
$1.50
(quar.)
$1.25
20c
7-31
8-
7-15
1
7-15
8-
1
7-15
8-
1
7-15
&
(F. W.)
Co.
W.)
$$1.75
25c
(quar.)
&
Co.,
7-30
20c
6-30
6-25
$1.50
6-30
6-25
50c
15%
(monthly)
25c
15c
15c
15o
15C
preferred
Gold
9-
6-25
2
8-11
Ltd.—
—
(quar.)
Fields, Inc.
37 %C
(quar.)
8-22
8-
10-
7-
1
9-
8-1
11-
2
7-19
1
5
7-25
1
10-25
2-1-48
1-25
7-31
7-21
5c
8-
1
7-
9
5c
1__
common
preferred
preferred
8-
f
75C
preferred
Ltd.,
00
20c
5%
Electric
(F.
8-15
$1.25
Crampton Corp.
convertible
Zeller's,
5%
1
8-15
15c
Chocolate,
Consolidated
Extra
,
10-
$1.75
Products
Inc.,
Yuba
6-30
7-25
8-11
Common
6-30
8-11
8-29
Yale & Towne Mfg.
(quar.)
Yellow Cab Co., common
7-25
7-31
8
7-18
•
1
$1
Ordinary (interim)
Wrigley (Wm.) Jr., Co.
48%c
7-31
1
8-
(quar.)
,
Common
15c
8-
8-
(quar.),
James), Ltd.—
(accum.)
Wool Combing Corp. of
Canada, Ltd. (quar.)
Woolson Spice, common
6% preferred
(quar.)
7-25
25c
7
7-15
25c
(quar.)
(Alexander
1st
41%c
(s-a)
1
9-10
$1.06 ye
Common
Woolworth
6-30
7-31
8-
37y2c
,
preferred (1897) (quar.)
Public Service Corp.—
7-10
7-21
8-15
8-22
2
$1.12%
(quar.),!
Machine
preferred
Woolworth
15c
$2.50
&
7-10
25c
7-15
7-
9-
33%C
Wisconsin
7%
7-15
Erie RR.—
lien
Line,
Wisconsin
Wood
1
t30c
Co
convertible
Winters
7-21
$1.12%
75c
.
1
7-21
—
Co.
preference
$2 prior preferred (quar.)
6%
1
$1.75
(quar.)
(quar.)
& Lake
prior
5%%
7-21
$i
pfd.
•
Universal
4%
5%
50c
Corp.
1
Wheeling
Co.—
(quar.)
class
3iy4c
88-
8-
37%c
(quar.)
preferred
convertible
25c
7-18
9-10
9-10
20c
(quar.)
Instrument
7-10
8-15
1
7-15
Cuba-
Co,
Chlorine
1
2
8-
$2
Stationery—
(quar.)
Electrical
Westvaco
1
9-
1
Securities—
Inc.
8-
50c
9-20,
12-22
8-
$1.75
(quar.)
Co., 6% preferred (quar.)
Westminster Paper
7
1
1-2-48
62 %o
Coal
8-
$1
preferred
Co
$3.70
preferred
Weston
20c
Mfg. Co. com. (quar.),,,,
pfd.
(quar.)
Carbon, $5 preferred (s-a)
preferred
5%
ioc
(quar.)
&
Electric
Tablet &
$i5c
pfd.
7-18
$1.75
(quar.)
(quar.)
(quar.)
preferred A
$750
7%
1
75C
A
2
9-29
12-30
75c
A
preferred
9-
1
8-
(quar.)
(quar.)
7-15
9-10
12-30
10-
1-1-48
$20c
(accum.)
5%
5%
$3.75
(quar.)
Co
Corp.,
$3.50
A
1
60c
1-1-48
10-
Co.__.
7-31
Acid
2
9-29
$1.13%
(quar.)
7-31
7-15
7-
1
$1.75
class A
Insurance
class
Common
7-16
10-
$1
7-31
1
7-15
7-10
1
7-31
62%©
7%-preferred
Mfg.
8-15
8-
7-31
8-
75c
preferred
12y2c
50c
Quarterly
Quarterly
Union
prior
7-15
Power—
Co., 4%
$1
Special
South
7-171
56y4C
Light & Telephone Co.—
5%
preferred
(quar.)
Western Pacific RR., common
(quar.)
7-15
$5614c
_
____
conv,
4'/2%
Transamerica
208
1
56 %o
Gooderham & Worts
preferred
Western
preferred
Trinity
7-17
8-
Western
7-15
75c
Corp
Coal
Toledo Edison Co. 6%
7% preferred
5%
&
$2.50
7-15
1
$l0c
(quar.)
Textiles, 4%%. pfd.
$2
Shovel
1
1
8-
$$1.25
Glass
Thermatomic
88-
$1
.
(quar.),,,
Light, $6 preferred (quar.),
7%
preferred (quar.)
Textron, Inc. (quar.)
Thatcher
1
1
50c
(quar.)
;
preferred
(quar.),,.:
Western
8-15
6-20
88-
$2%C
(quar.)
Common
(quar.)
Tacony-Palmyra Bridge, 5% pfd.
Power
1
8-18
8-1
8-30
$1
(quar.)
Virginia Pulp & Paper
4J/a%
preferred (quar.),
7-15
8
8-15
62 y2 C
Mines, Ltd
moc
preferred
Co.,
1
$1.03%
pfd.
(quar.)
(increased)
Canada, Ltd.,
(quar.)
&
9-
Ltd.—
Biscuits,
Inc
Super Mold Corp. of California
Texas
(quar.)__
(quar.)
West
1
•
-
8-
35c
'
Electric
2nd
9-15
7%
8-1S
92y2c
Sunshine
t62%c
(s-a)__:
(quar.)
preferred
Suburban
Oil
8-18
Sugar Corp., (special Interim)
Michigan Steel Foundry Co.—
West
9-15
55c
(quar.)
Briquet,
Sun
8
(quar.)
West Penn Electric
7-21
.
(quar.),
(quar.)
Container
7-15
9-15
Co.—
preferred
(quar.)
Wholesale
Phosphate
&
Stonega Coke
8-15
8-
$1.25
Silica
Common
8-15
9- 2
97V2c
Sterling Brewers, Inc
Sterling Electric Motors
8-15
25c
Electrotype
Co.,
redeemable
Co.
9-15
9-12
3
7
8-30*
9-
Indies
7%
._
J.)
Fuel
Class B
9-15
7-
7-
9-
75C
Wellman Engineering Co.
Wentworth Manufacturing Co.
$1 conv. preferred (quar.)
West
8
9-20
20c
Wellington Fire Insurance
7-18
7-15
stock
(quar.)
Sons, $4 preferred
Stanley Brock Ltd. Class
$4
B
Weeden
West
convertible
$1,25
Railway Equipment & Realty Co., Ltd.—
Rapid
&
8-29
9-15
7- 5
8-15
7-19,
(quar.)
$4.50
preferred
(quar.),.
Waukesha Motor Co. (extra)
Co.
Corp. (increased)
Standard Steel Spring Co.—
50C
(initial)
Employees Corp. class A
Raymond
R.)
4%%
Standard Screw Co.
50C
B
Common
(E,
Standard
7-15
7- 5
8-
8-
Bros.
$4.25
7-18
7-31
7-31
$5
Standard Chemical, Ltd., common
5%
preferred
(quar.)—;
Standard Fire Insurance (N.
Stott
8-15
37y2c
9-15
1
5c
Common
(quar.)
(quar.)
Stone
preferred
com.
Washington Gas Light (D. C.)
$0.1773
(quar.)
50C
.(initial)
preferred
preferred
preferred
Standard
il.c
%•:
9-8
7-15*
8-
$1.50
(quar.)
(Hiram)
Class
7-15
1
75c
50c
Amulet
Warren
'
37%c
capital
$2
40c
8-
Co.—
preferred
Waite
dividend)
of
$1
(quar.)
B
B
preferred
Walker
Co.—
preferred
Squibb
7-10
7-28
account
4.15%
Struthers Wells
-
common
com.
on.
8-15
'*
1
1
9-30
50c
Victor
8-15
8-15
7-15
8-
Extra
7-31
8-
1
Quarterly
6-30
8-25
$25c
7-10
8-
.
Vulcan Detinning,
8-15
the
9-15
7-20
$1
6-30
7-30
7-15
8-15
1
50c
(quar.)
Equipment Co
Virginia Coal & Iron (quar.)
Virginian Railway, 6% preferred
7-21
held
Strawbridge & Clothier
preferred
Products,
1
by
.
Stern & Stern
7-15
i
7-10
1
1
2
(quar.)
Vertientes-Camaguey-
7-15
6-30
8-
A
Knitting
7%
7-25
8-15
sub-
are
Production
7-31
L
:
(stock
preferred
Steel
7-25
7-31
$1.20
3.70%
$1.75
preference
6%
1
$2
new
Fund
7-
6-30
7-25*
8-
•-
Ltd.
redeemable
Quaker Gats
Class
7-15
20c
$30c
$1
Putnam
Quinte
7-11
8-
.
Purity. Flour
Cum.
1
$30c
of N. J.—
__!
Alegre Sugar,
8-
4iy4c
(monthly)
(monthly)
(monthly),
preferred
90c
58y3c
(quar.)
preferred
8-15
(quar.)
(quar.)
(quar.)
preferred
preferred
6%
6%
8-15
2
:—
com,
(monthly)
(monthly)
(monthly)
preferred
5%
of
2
9-
75C
(s-a)
Public Service
9-
8-25
7-31
>■
8-
9-
50c
Valspar Corp., $4 conv. preferred
(s-a)
Vapor Car Heating Co., 7%
pfd.
(quar.)
7% preferred (quar.),,,
8-15
8-25
California.
Southwestern Associated Telephone
$2.20 preferred
(quar.)
Southwestern Public Service, com.
Works:
35c
1
8-11
7-15
10-
(accum.)
prior preferred (quar.)
5% prior preferred
(quar.)
Utility Appliance Corp
6-27
9-10
50c
5%
8-15
8-15
1
$1
preferred
5V4 %
Utica
1
2
50c
Railway Co.—
Standard
Electric
45C
Potomac
share
non-cum.
4%
re¬
7-28
1
$19c
Southern
7-15
7-21
$1
15c
(Mass.),,,
Inc.
50c
1
&
5%
Tobacco
Upper Peninsular
7- 2
50c
(quar.)
3.90%
8-
8-15
8-1
$50c
permits
Co.,
Leaf
preferred
7-31
9-2
100%
dividends
of
Gas
of
distribution
5%
1
90c
8-15
22!/2c
(quar.),,
(initial quar.)
(quar.)
Natural
each
Southern
"
7-31
$25c
pfd.
reduction.
8
8-15
7
25c
conv.
stock
Cash
dividend
Southern Pipe Line
8
8-
50c
90c
Ltd.
share
for
A
7-
$1.25
.
Transit
4y2%
8-
9-
10-
58 %c
,
6% preferred A
4% %
preferred
7-18
7-15
58y3c
Co
8-1
$30c
Co.
Co.
7-18
9-15
$2
Winding
1
8-15
I
53c
common
Pictures
8-25
9-
Co.,
Stove
6%
1
2
53c
Upper Canada Mines, Ltd. (interim)
Upper Michigan Power & Light—
8
89-
10-
53c
Extra
8
9-
preferred
Universal
9-
$1
$20c
6%
Universal
9-
7-15
7-15
50c
Insurance Co. (quar.)
(N. Y.)
Chemicals (Increased):
8-14
9-19
1
1
50c
preferred
Universal
9-19
8-
8-
$1.75
Stores Corp., $6 pfd.
9-19
9-19
8-
58VaC
(quar.)
7-9
1
$$1.50
Washington
preferred
One
7-11
10-
15c
(quar.)
issuance
of
Co.,
Southern
8-29*
1
1
$75c
Southern Indiana Gas & Electric Co.—
1
9-
8-1
62y2c
„
(interim)
Southern Canada Power Co.—
Common (quar.)
2
7-
7-18*
10-
1st
United
7
7-17
8- 1
20c
Southern California Edison com.
(quar.)
4.48% conv. pfd. new (initial)
7-10
7-
7-27
$20c
5
'
Extra
(interim)
(quar.),
5
9-12
8-
30c
(quar.),
8-
9-12
1
-
,
A
Ltd.
and
to
States
7-15
7-25
15c
(liquidating)
Foundry Co. (quar.)
&
Rubber
United
7-18
$1
11-
10-
$1.06'A
,
t
ject
2-5-38
10-1
$1.25
—
1
cash
S.
8%
United
10c
Southam
4.8%
Pennsylvania Power, 4%% pfd. (quar.)
Pennsylvania Salt Mfg. Co
—Peoples Nat'l Bank (Brooklyn, N. Y.)
(s-a)
Porter
Both
Co.—
preferred
preferred
8-15
$$1.50
(s-a)
4.40%
8-15
11-15
3-15-48
U.
Pipe
Radiator
7-15
$30c
Ltd.
;
Co.,
S.
S.
7-15
$19c
(increased)
Aircraft
9-15
25c
U,
1
9
7-31
Co.
Industrial
1
8-
7-15
7-15
8-30
10c
S. Leather Co. $4
partic. non-cum. class A
U. S. •Lumber Co.
12-13
7-10
8-
8-15
(quar.)
Fire
U.
7-15
-
$3iy4c
(quar.)
Co.,
S.
A
Guarantee
8-
15c
(quar.)
Canada,
class
Co.
U.
States
S.
8-
50c
Power
of
U.
(Howard)
12-15
250
.preferred-1.(quar.)
preferred
1
25C
1
(quar.),,
Electric
10-
1-1-48
50c
,
8- 1
12-20
7-24
8
Conditioning Corp.—
preferred
United
6-30
25c
.i_.
Solar
7-26
1
$1.12Vz
Paper Mills, Ltd.—
Common
(quar.)
4% preferred (quar.),
8-11
8-
Air
7%
6-30
9iy4c
(quar.),
(quar.)
Soundview Pulp Co., new com.
Stock dividend
2
1
85c
(quar.)
7-11
8-15
8-
50c
___,
7-14
9-
7-16
10c
,
com.
7-31"
$2
7-31
50c
(quar.)
preferred (quar.)
7-21
10c
Common
Oil
(N.)
Smith
7-16
U.
(interim)
Corp. (quar.),,,
Oil
Slater
7-19
8-
75c
B
Skelly
7-15
32 %c
Peabody Coal Co,, 6% preferred (accum.),,
Peninsular Grinding Wheel Co
Pennisular Telephone Co., com.
(quar.),,,.
preferred
Class
7-16
7-31
S.
$20c
(quar.),
Company
Ltd.,
Sinclair
1
40c
:
1
8-
!
4%
5%
7-21
7-31
$2
preferred
Simpsons,
7
U.
13%c
(quar.)
preferred
Sigma Mines, Ltd. (Quebec)
Signode Steel Strapping com.
7-15
6-30
7-
$1.75
Patchogue-Plymouth Mills Corp
Pennsylvania
1
7-29
7-10
1
Associates,
(irfeg.)
&
9-20
Corp. of California—
5% preferred (quar.)
Pacific Lighting Corp.
3.70%
Co.
Silex
t $ 1.75
Orange Crush, Ltd. (quar.)
Elevator Co. (increased)
Outlet Company
7-25
t$1.75
Extra
(quar.),
Otis
penn Traffic Co.
$3.40
Sherwin-Williams
common
Ontario
Ltd.
Leather
4%
3
t40c
Corp. of America (quar.)
Sherwin-Williams Co., "common
7-15
:
Ontario
&
Co.,
Shawinigan Water
7-15
8-
conv.
1
6-
$10c
Co., Ltd., common
preferred (quar.)
Seton
7-11
8-
50c
(initial)
Scythes &
7-15
(quar.)
Oliver United Filters Class A (quar.),
Perkins
Loan
$4.50 Series A preferred
8-19
50c
4y2%
Pacific Finance
1
1
7-23
75c
Sheraton
Inc.
B
$1
—-
8-
8-15
8-14
1
■
1
2
?38c
Railways Co. (Del.)—
7% prior pfd.
(monthly)
6% prior preferred
(monthly),
6% prior preferred
(monthly)
6.36% prior pfd.
(monthly)
6.36% prior preferred
(monthly)
6.36%
prior preferred
(monthly)
6%
prior pfd. (monthly)
7% prior preferred
(monthly)
7% prior preferred
(monthly)
United Shirt Distributors
(irreg.)
7-21
7-
9-
87 VaC
United Light &
7-15
25c
55c conv. pfd.
Scruggs-Vandervoort-Barney,
5%
1
1
8-
8-1
7-10
8-
$25c
United Drill &
Tool, class A
Class B
9-15
8-
i._;
Corp.—
preferred (quar.)
class A (quar.)
Corp. Ltd.,
B
(quar.)
Class
9-15
13c
(quar.)
Remedial
Scovill Mfg. Co., $3.65
Scranton Electric Co.
6-30
50C
&
7-28
1
$15c
Distillers
Paper
10-
10- 1
Tile
convertible
United
7-25
20%
Corp
Schulte (D. A.), Inc.
(quar.),
Schwitzer-Cummlns Co.
Scott
8-28
1
Company
Pennsylvania
9-10
20c
8-
preferred
Penman's,
7-15
50c
4%%
Davis
1
7-10
1
7-25
15c
(accum.)
$3.50
8-11
8-
80c
class A
(initial)
B
Schenley
$1.25
common
(extra)
Qkonite
5%
pfd.
Co.,
Class
7-21
Co.
Power
8-
7-31
Gas
Corp.
Scarfe &
9- 2
9
1
J 1.12%
Clgar-Whelan Stores
7-10
8-15
$.10c
Brick &
8-
50c
(quar.)
(initial)
United
7-18
8-15
$1.25
(quar.)
(quar.)_,_,
com.
1
7-25
8-
pfd.
.9-
25c
New
common
49
When
Holdert
Payable of Rec.
25c
Biscuit Co. of America—
7-15
1
75c
Francisco
7-15
10c
Natural
6%
(quar.)
(quar.)
4% conv. preferred
(quar.)
St. Lawrence Flour Mills
Co., Ltd.—
Common
(quar.)
:
7%
preferred
(quar.)
7-18
1
$$1.75
Oklahoma
Parke
Fine Foods
Extra
Lines/TWi^ 4y2%
Air
United
$1.75
Ltd.
6%
Co.(quar.),,
United
$1.75
—
Y.)
Share
Oil
1
45c
Semi-annual
1
(quar.)
Oklahoma
Pacific
pfd.
W.
San
8-
(quar.)
Inc.
Leather
Class
S.
4
8-
15c
Co.,
(quar.),
preferred
Ohio-Apex,
Oliver
8-
25c
Corp.
Shoe
preferred
Olin
7-15
8
50c
—
Nunn-Bush
Ohio
1
9-
28 %C
quar.)
—
Nu-Enamel
7%
8-
60c
Extra
Ogilvie
Building Co.
&
8-
8-1
11-
45c
Airlines—
convertible
Northwest
5%
$5
Mills,
Samson United
Corp.,
preferred (quar.)
Liberties Gas Co.,
conv.
Northwest
Cotton
8-13
Northern Illinois Corp.—
Northern
Cement
Russ
$5
25c
$1.31 V*
Rockland Light & Power
Roliand Paper Co., Ltd.
(quar.)
Rolls-Royce Ltd. (final)
7-16
Niagara
5%
53%c
quar.)
7% 2nd preferred
(quar.)
Richmond Insurance Co. (N.
Per
Name of \
United
quar.)
(increased
Robinson
7-15
93 %C
—
B
Riverside
Light—
preferred
Newberry
1
8-
$1.75
12-1
$25c
(quar.)
Rice-Stix Dry Goods—
7% 1st preferred (quar.)
7-28
$3
>
preferred (quar.)
New
Air
$1.18%
9-2
$40c
5c
(increased
Common
8-
25c
Jersey Worsted Mills
Niquero Sugar (increased)
New
(quar.),
(305)
Holdert
Payable of Rec.
$40c
Company
Common
3C
New
Co.,
lie
—
pfd.
cony.
preferred
When
Union
Copper & Brass, common,,
5y4% preferred (quar.),,
Reynolds (R. J.) Tobacco—
9c
Series
4%%
Share
Revere
,
——,
Group
Brothers,
Company
convertible
Renner
on
15.
Preferred
Neisner
distributions
Name of
Regent Knitting Mills, Ltd.—
$1.60 non-cum. preferred
(quar.),:
$1.60 non-cum. preferred
(quar.),,,
Reitman's (Canada), 5% pfd. (initial quar.)
Reliance Electric & Engineering Co.—
6-14
The
on
Per
Payable of Rec,
25%
Co.
Trust
Holdert
Co.—
dividend
National
When
8-
1
7-
9
$3iy4c
8-
1
7-15
(quar.)
$31%C
8- 1
7-15
(quar.)
$37 %C
8-
7-15
11-10
10-
1
9-20
Missouri—
xLess
30%
•Transfer books
87%c
8-15
7-31
preferred
(quar.)
(quar.)
92y2c
8-15
$4.50 preferred
7-311
(quar.)
$1.12Va
8-15
7-31
1
Jamaica income tax.
not
closed
for
this
{Payable in Canadian funds, tax
resident tax 15%; resident tax 7%.
tFayable In U. S. funds, less
15%
dividend.
deductible
a
at
Less British
the
source,
Non-
Income tax.
Canadian non-residents'
tax.
Aug.
Corp!
.
Total
Investment Hi
Net
Co. on
$8,875 per share 80,000 shares of com¬
The stock is being sold for the ac¬
F. Rodgers (the selling stockholder)..
July 17 offered at
count of L.
agent, Boatmen's
Transfer
Gross
for
Prov.
taxes
Fed,
$994,058
50,876
74,241
358,409
74,241
719,234
Oper. exps. and taxes-—
$154,425
$147,319
$157,565
758
593
754
1,115
Net
$162,432
—
-
deducts,
other
income-
50,609
$104,409
FUNDED DEBT AND
$158,680
$148,073
$155,018
49,703
$112,729
income
and
1944
$750,873
593,308
1945
$755,524
608,205
$161,674
income
Gross
33,337
70,386 4
due
series A. 3Vs>%,
$1,150,000
$2,000,000
500,000
July 1, 1975—
pfd. stock (par.$1001
stock (par $5)
cum.
Common
other
less
the company derived
Straus
Securities
•
Butcher & Sherrerd———
and
Co.
—
6,500
White
&
5,000
8,000
15,000
3,000
& Co
Blosser
Co.,
&
Walton
5,000
-——
-
Chaplin
Dempsey
5,000
& Co., Inc
C. Allvn
Inc
Co-
&
revenues
Operating expenses
Federal taxes'
Other taxes
___
319,661
investments
3,861
Net
13,113
Int.
on
Amortiz.
and
$598,346
$7,513,592
$8,904,222
94.875
95,833
1,142,333
1,432,695
257,393
.
—
150
2,291
2,584,813
2,527
2,849
300,598
the
ended July
week
$4,580,989
957,534
$5,110,836
-
Gas
the
For
of
of
cu.
ft., or
corresponding week
174,000
the
for
ft.
cu.
reported at 98,264,000 cu. ft., an
0.21% above production of 98,090,000
the July 11 week is
for
output
increase
$3,623,455
165,
a
year
ago.
the Association reports electric output
1947,
month of June,
kwh.
This is an Increase of 3,652,081 kwh., or 6.88%
production of 53,052,008 kwh. for the corresponding month a
year
ago.
248.000
corresponding
the
for
ft.
cu.
at 570,257,000 cu. ft., an
above production of 501,month a year ago.—V. 166,
is reported
or 14.77%
output for June, 1947,
of 69,009,000 cu. ft.,
Gas
increase
161.
V.
165,
End. May 31—
Period
revonues
Uncollectible oper.
Operating
rev.
expenses
Operating
taxes
operating*
Net
Net
after
income
charges—
♦Deficit.—V.
Munson
-
165,
$4,489,603 $21,903,701
3,477,190 18,954,673
Cr36,186
1,982,896
$3,875,262
3,701.668
244,888
revenues
Operating
p.
Telephone & Telegraph Co.—Earnings—
1947—Month—1946
1947—5 Mos.-^-1946
$11,450,069 $10,927,797-$55,847,577 $51,878,614
19,396
15,225
101,113
72,261
31—
Operating revenues
$11,430,673 $10,912,572 $55,746,464 $51,806,353
9,736,633
8,883,300 46,293,878 40,592,677
876,086
1 864,576
4,740,234
5,262,129
__
expenses
Operating
taxes
$817,954
charges—
$1,164,696
$4,712,302
$5,951,547
410,064
income
operating
after
—V.
761,790
2,674,824
$966,132
$3,194,243
2,030,157
$1,048,599
*$71,294
*
$21,692,945
16,255,398
2,243,304
358,322,
*188,627
,
372,706
3286.
output
Line, Inc.—Scrip
1947—Month—1946
Period End. May 31—
oper.
oper.
59,213,190
47,820,505
revenues
Ry.
expenses
$
$
vehicles
—
Plant
Assembly
Mexican
Opened—
2,518,436
43,317,338
16,335,307
accruals
and joint facil¬
rents
4,924,061
2,036,317
24,707,509
9,002,050
tax
♦Ry.
Equip,
ity
ry.
was
Mexico, now producing
City on June 18. The
owned and operated—by Armadora Automotriz, S. A.
first time Nash cars have been assembled outside
the United States and
is part of an export expansion program by
the corporation which eventually will include similarly operated auto¬
mobile assembly in plants in Sweden, Argentina and Brazil.—V.
165,
plant is Mexican
marks
This
p.
the
1593.
1,506,694
4,961,930
1,561,223
income-
oper.
Misc.
1,189,987
7,424,921
9,000,966
fixed
1707,868
9,608,G'63
191,664
1,182,672
8,951,127
Sinking Fund Plan—
474,804
155,135
3,365,731
2,865,878
charges
income
Net
a
day
166, p.
Fisher
Buell
sinking
new
—
18,559,990
750,490
17,253,100
*3,046,062
6,962.443
753,247
17,019,856
>
2,892
tCredit
taxes
shares of
I;'
v
Marony, • owners of
be voted against the plan.—V. 166, p.
•
''•<-i
proposal to .substitute
the present one for that
stock and
160.
an
July
5,
kwh.
the
with
for
1947,
the
of
increase
July 12, 1947,
kwh. for the
166, p. 161.
Increased—•
of Pomona, Calif., a subsidiary, has stepped
Salsbury Imperial motor scooter from 35 to 60
meet increased sales demands, it is announced.
Inc.,
to
oper.
Telephone Co.—Earnings—
Bell
1947—Month—1946
1947—5 Mos.—1946
$5,969,462
$6,051,342 $30,487,313 $28,716,549
4,524
7,451
55,227
36,364
"
revenues
rev._
_
5,176,307
504,401
Net
4,597.875
787,003
24,390,277
3,370,492
$28,680,185
21,078,755
4,082,390
$284,230
Operating revenues
...
$659,013
643,317
$2,671,317
2,373,108
$3,519,040
3,441,201
after
165,
$6,043 891 $30,432,086
$5,964,938
operating income
charges
Net
—V.
225,189
3397.
p.
Nu-Enamel Corp.—Two More
Oil Wells—
two more producing oil wells, bring¬
wells the total in which the company
owns
interests, L. Frank Pitts, President, reported.
One of the new
wells is the Ebe No, 1 in Marion County, III.
The second well is the
The
corporation has brought in
ing to 37 oil wells and
Wise
seven
gas
B-l, in Pawnee County, Kansas.—V.
165, p. 2317.
1946
in
$12,032,600 in
and
,
New Haven &
New York,
Period End. May 31—
Operating
rev..
oper.
Net
Net
$197,073
182,349
13,776
—
ICC
The
July
on
8
the company to assume obligation
exceeding $5,955,000 of equipment-trust
be issued by the Irving Trust Co., as
Shipbuilding
with the pro¬
Corp.—Operating Statistics—
FOR 6 MONTHS ENDED
JUNE 30, 1947
undelivered contracts at June 30, 1947—
Billing on account of undelivered contracts, to June 30, 1947
Gross value of uncompleted work on undelivered contracts,
June
1947
30,
cancellations
on
Period End. Apr. 30—
$
rev._
Operating
24,366,324
40,247
24,326,077
17,717,581
4,131,890
taxes.
oper.
after
income
—V.
166,
p.
1947—4 Mos.—1946
Ohio Bell Telephone Co.—Earnings—
The
per
directors
on
July
1947—5 Mos.—1946
1947—Month—1946
v
rev..
$7,203,901
31,253
$7,173,279 $36,507,568 $34,413,990
15,164
108,819
'
69,710
revenues..
Uncollectible
$7,172,648
$7,158,115 $36,398,749 $34,344,280
4,876,454
25,902,962
22,825,351
1,136,703
5,378,601
5,688,237
oper.
5,507,795
—V.
$743,247
719,425
income
operating
after
Net
921,606
taxes
charges..__—
165,
3397.
p.
'
;
K..
-
Oklahoma Natural Gas
Operating
Ended May 31—
h»|
■*»•.
:;,i
'
■
'
,f)t
•
'
*
f''""
''
:
1946
$16,969,448 $15,747,8'50
7,743,581
7,042,031
1
,
684,020
976,435
2,047,600
1,895,923
—
taxes on income...
...
774,684
910,640
2,113,500
1,539,773
$3,621,889
—
and State
'
1947
...
taxes
General
'
*
Co.—Earnings—
111
revenues
Operation
$5,830,692
5,790,753
$5,117,186
5,024,691
$1,144,958
1,143,101
.
Retirement
income
$3,367,215
46,278
income
Gross
deductions
$3,357,939
659,292
$3,031,285
427,500
—
*9,276
$3,668,167
636,882
(net)
income
Other
accruals
reserve
operating
Utility
income
_______
stock
requirements
dividend
$2,698,647
427,500
•——
•'■tit.
Balance,
surplus
♦Loss.—V.
>
—
$2,271,147
$2,603,785
'—
166, p. 57.
Otter Tail Power Co.—Seeks FPC
Approval of $3,000,-
The
company
has
Car
14
authority
of
a year, payable semi-annually on
Commitments have or will be made
2%%
the FPC to issue and
series of 1977.
The bonds
carry interest at the' rate
Dec. 1 and June 1 of each
from
would
with eight insurance com¬
panies and other financial. Institutions for purchase of the bonds.
The purchase
price will be the principal amount of the bonds plus
accrued interest from June 1, 1947.
Proceeds would be ufeed for steam
plants, Diesel engines,
and
under
generators and transmission lines contemplated
construction
by
the company.—V.
166, p. 162.
\
■
Pacific Gas & Electric Co.—Subscriptions—
Subscriptions were received for 608,167
one
new
subscribed
shares of the 626,136 shares
the: ratio of
of the un¬
1 '1
i
offered at par ($25) to stockholders ip, I
for each lo shares held.
The balance
shares will not be sold.—V. 166, p. 162.
capital stock
of
share
11,
)(j
1
'
'
.
Bids will be received by
Co.—Bids Invited—
'
,.
\
the company at Room 2033, No. 2 Rector St.,
to-ll:30 a.m. (E.D.T.), on Julv 22.
27,427,767 111,776,613 107,156,152
18,769,884
78,960,746
72,252,300
4,751,224
18,873,875
19,233,581
approval includes the issue of $29,000,000 of new first mortgage bonds
of which $26,000,000 will be sold at competitive bidding.'
The remain¬
3,906,659
13,941.992
3,594,956
12,737,822
15,670,271
14,647,105
Corp.—Increases Dividend—
declared
requested
$3,000,000 first mortgage bonds, 2%%
be dated June 1,
1947, and would
sell
New
161.
North American
103,019
$
$
$
27,484,378 111,992,911 107,357,942
56,611
216,298
201,790
2,476,606
2,132,864
charges.
$130,565
27,554
Pacific Power & Light
Co.—Earnings—
1947—Month—1946
"
Operating revenues..
oper.
1947
subject to adjustment; contracts subject
certain terms and conditions.—V. 165, p. 1594.
prices
New York Telephone
Uncollectible
$64,990,983
42,619,446
22,371,537
16,582,870
—
months ending June 30,
contract
$^6,178
165, p. 3287.
Period End May 31—
year.
value of
Billings for 6
$24,962
19,511
*8,807
charges
♦Deficit.—V.
authorized
STATISTICS ON OPERATIONS
♦Gross
$575,133
349.023
95,545
000 Bond Issue—
liability, in respect of not
of 1947, No. 2, to
New York
$1,093,716
934,078
83,460
income
operating
after
$115,050
71,103
18,985
$948
__
expenses....
Operating "taxes
1947—5 Mos.—1946
$1,094,960
$575,842
l,244i
709
1947—Month—1946
$115,194
\
144
$197,316
243
revenues
Uncollectible
Hartford RR.—Equipment
Trust Certificates—
and
Co.—^Earnings—
Ohio Associated Telephone
Preferred
113,940tCrl(785,173
658,994Crll,413,593
due to carry-back adjustment, $l,9(jl,000 in Mayi
first five months.
IDeficit.—V. 166, p. 161.
—
company's
j
year,
556,400 $10,810,660
in-
Fed.
♦Including
"come
Net
stock, have sent a letter to the
Robert J.
fund in place of
inviting proxies to
$
and
preferred
preferred stockholders objecting to the
second
•-*»> a
A.
second
(Del.)—Weekly Output—
for
57.
Uncollectible
Net
Net
Nashua
or
facilities.—-
its
of
York
6,
N.
Y.,
a
quarterly dividend of
50 cents
share on the common stock, payable Sept. lo to holders of
record
up
1947;
for
purchase of $26,900,000 first mortgage bonds, series of 1977', tha
rate to be specified in the bid.
(J.
The SEC has approved the
companv's refinancing program. !Tha
the
coupon
ing
$2,000,000 )yill be exchanged for a
Co. 4%%
debentures owned by
Electric
holders Oppose
purchase
existing
of
7,054,107
6,523,153
154,323
3,502,952
deductions
Operating revenues
Operating expenses.
Manufacturing Co.—Second Preferred Stock¬
Nashua
The cash pro¬
the
for
used
betterment
compared
as
last
Maintenance
income
Other
to
automobile assembly plant in
formerly opened in Mexico
Nash
be
to
are
and
company
kwh.,
Motors,
12 Months
11,392,685
♦Estimated
models,
bonds
this
of
Northwestern
41,402,024 281,120;i48 236,662,834
38,883,588 237,802,810 220,327,527
Net rev. from ry. oper.
at
Corp.
Nash-Kelvinator
new
the
facilities
week
production
—V.
and sell for
issue
due 1975.
Northrop Aircraft, Inc.—Units Production
Sals'bury
up
Net
.
1947—5 Mos.—1946
$
trustee, and sold at 98.817 and dividends in connection
curement of certain equipment.—V. 166, p. 161.
Certificates—
to
company
series,
week ended
40,563,000
12.8%/
Electric output of this company for the week ended
totaled
49,782,000 kwh., as compared with 45,446,000
corresponding week last year, an increase of 9.5%.—V.
corresponding
Operating
RR.—Earnings—
certificates
has
been set aside
The
Scrip certificates were issued in lieu of fractional shares in the reorganizatioti of the company which was consummated Dec. 2, 1946.
Certificates not surrendered on or before Dec. 31, 1947, at the com¬
pany's offices in Bridgeport, Conn., will be void.—V. 164, p. 3146.
A
of
45,765,000
Operating
$
-
the
2%%
3,954,991
3286.
165, p.
(Including All Leased Lines)
with the terms of the scrip certificates, cash
for their payment at the rate of $22.50 a share.
1947
sale
of, new
Operating revenues
Net
accordance
In
authorized
bonds,
Northern States Power Co.
totaled
Income
Telegraph Co.—Earns.—
1947—Month-r-1946
1947—5 Mos.—1946
$3,887,287 $4,498,392 $21,'965,510 $21,740,590
12,025"
8,789
61,809
47,645
To Place Bonds
—
3057.
Operating revenues
Operating
Mountain States Telephone &
Operating
lo
mortgage
the
p.
Operating
New England
Total
3396.
p.
57.
p.
56,704,089
above
P.
decrease of 514,907 kwh., or 3.93%
kwh. for the corresponding week a
kwh.
This is a
production of 13,103,688
ago.
Total income
Balance
-V.
a
this Association reports electric output
11,
12,588,781
Net
Dividends
of
construction
Federal
$6,068,370
957,534
$500,771
$386,892
applicable to pfd. stock for period—
income
Machine,
Association—Output—
Gas & Electric
New England
48,332
—
deducts—
Net
ceeds
July
on
first
taxes
of
Incorporated, fiscal agent, 23 Wall
Co.
166,
principal amount to Northwestern Mutual Life Insurance Co.
expenses,
'
173
expense
SEC
™
Operating
Ry.
:t
debentures
of debt disct.
Other int. and
The
$600,000
Operating
year
&
Y.—V.
Privately—
Operating
&
2673.
p.
402,404
3,657
$485,724
bonds—
mtge.
on
Morgan
N.
—V.
$8,501,818
3,843
income
Gross
Int.
of
wholly-owned subsidiary, on the same date, authorized a reduction
in the par value of the stock of that company to $5
a sl^are from
$25.
The number of authorized
shares was increased to 509,000.
below
Payment will be made at
1975> at 102 and interest.
J. P.
Period End. May 31—
authorities.
•
No payable or record dates have as yet been set.
The
stockholders of the
National Transit Pump
165,
next, for ac¬
4%% bonds,
company has called for redemption on Sept. 2,
the sinking fund, $733,000 of collateral trust
xfP
office
a
National
of
New York Central
*
U 7
for a
by re¬
distribution to stockholders of $6"in cash and one
Transit Pump & Machine Co. stock for each share
The distribution is subject to approval of the necessary regula¬
authorized
13,113
$7,461,290
52,302
$482,157
$594,503
(net)
income
..
July
15 approved resolutions
calling
stock to $509,000 from $6,362,500,
on
common
—
revenues—
oper.
*
Reduced—To Make
'
tory
—__
adjusts.
1
*
ducing the par value of each share to $1 a share from $12.50.
Out
of the
$5,853,500 capital surplus thus created, the directors
-
Other
the
in
3,861
utility plant
of
1,500,000
,
N. Y., has been
3397.
p.
1946,
cents
cents each in
30
814.
Operating, expenses
limited-term
"
acquis,
165,
stockholders
The
reduction
Net
1,500,000
125,000
125,000
appron.
of
Amort,
168,463
deplet.
and
retir.
reserve
Amort,
$1,398,126 $19,661,707 $17,800,548
5,378,083
4,957,055
380,318
3,471,683
1,077,619
272,273
1,833,677
1,747,082
138,378
392,331
New York,
Transit Co.—Par Value
National
1947—12 Mos.—1946
1947—Month—1946
tV?6
tne
Electric
designated
the $15,000,000 2%% debentures due June
paying agent for
See V.
Period End. May
$1,599,958
—
—
Prop,
York
For
of
Northern Pacific Ry.—Partial Redemption—
two additional
of business on
(Pa.)—Paying Agent—
Manufacturers Trust Co.,
held.
payments
quarterly dividend of 50 cents per share on the preferred
,^as also declared, payable Oct. l to holders of record Sept. 22.
165, p.
The
common stock,
effected in the
1947,
25,
Cov—Earnings—
31—
Period End. May
Operating
July
Operating revenues
Uncollectible oper. rev._
Montana Power
from this
on
Capital Distribution—
2,500
165, p. 2801.
—V.
be
will
split-up
a
having received a notice
July 11
distribution
1947,
1&67.
1,
approximately 93% of its gross oper¬
from the sale of electricity and 7% from
At Dec. 31, 1946, the company supplied
electric service, at retail, to 9,920 customers in 68 cities, villages and
unincorporated
communities and in adjacent rural areas, and, at
wholesale, to the Missouri Power & Light Co. for distribution in the
village of Frankford. - At the same date, the company supplied natural
gas, at retail,
to 1,163 customers in the city of Louisiana, Mo.
In
1946, the company purchased all of its electric energy and gas re¬
quirements except the electric energy generated in keeping its gener¬
ating stations in operating condition.
UNDERWRITERS—The names of the underwriters and the respective
number of shares of common stock which each has agreed to purchase
from the selling stockholder are as follows:
.
No. ofShs.
No. ofShs.
Blair & Co., Inc._
25,000
Cohu <fe Torrey
5,000
Exchange,
National Supply Co.
ating revenues of $823,936
the
sale
of natural gas.
Co.
25,
ex said
delivered
after
share
engaged
distributing and
Bankers Bond &
to
quoted
New
quarterly
10, last year, paid an extra dividend of 80
Corp.—Ruling on Stock Distribu¬
directed that the common stock be not
until Aug. 1, 1947; that all certificates
in settlement of Exchange contracts
made prior to Aug. 1, 1947, must be accompanied by due-bills;
and
that all due-bills must be redeemed on Aug. 5„ 1947.—V. 166, p. 56.
July
Dec.
on
Street, New York,
value, by the distribution on July 31, 1947, of
holders of each share of record at the close
par
have
BUSINESS AND HISTORY—Company is a public utility
principally in purchasing, transmitting, generating,
selling electric energy in five counties in east central Missouri.
Com¬
pany
purchases all of its electric energy requirements from
public utilities except in the case of emergency conditions when
than 1%
of its electric energy requirements are generated in its own
stand-by generating stations.
Company also purchases, distributes and
sells natural gas in the city of Louisiana, Mo.
1946,
$1
500,000
500,000
$111,362
$584,773
3286.
Stock
that
of
175,000
.
?.
•wIn
corporation
The
Outstanding
Authorized
$143,126
*$30,268
p.
10
share paid on March
per
Northern Pennsylvania Power Co.
York
CAPITAL STOCK
>
4',£%
165,
New
The
cents
40
count of
:
♦Deficit.—V.
$125,343
$77,687
•7'DIVIDENDS-—In 1946 the dividends paid on the 100,000 outstanding
shares cf common stock amounted to $30,000, or 30 cents per share.
The board of directors has expressed, by resolution, its intention to
initiate a policy of paying quarterly dividends on the common stock.
Quarterly dividends of 17'/a cents per share on the common stock were
declared and paid in March, 1947, and in June, 1947.
First mtge. bonds,
income
shares
income
(net)
Net oper.
Other
Net
four
The usual
42,8'84
Crl8,551
to
share.
tion—
Years Ended Dec. 31
$880,908
Operating revenues
company
per
with
compares
last.
$228,487
5,662
State
&
income-
on
$223,029
lo.
the
xr
4,612
income—
from
This
addition
177,444
National Container
1946
$323,936
669,511
May 31, '47
»
$51,043
9,045
*$44,208
income
Deducts,
EARNINGS
OP
12 Mos. End.
•
$985,013
560
National Bank of St. Louis.
SUMMARY
A.
$222,469
655
income
stock (par $5).
mon
int.
*$45,063
revenue
oper.
June
In
—V.
Co.—Stock Offered—Blair &
Missouri Edison
expenses—
oper.
Other
14)
revenue
oper.
Total
(Continued from page
1947—Month—1946
1947—11 Mos.—1946
$919,072
$900,028 $10,328,877 $4,908,820
964,135
677,559
9,343,864
4,857,777
Period End. May 31—
28.
and
National Airlines, Inc.—Earnings—
General
Monday, July 21, 1947
CHRONICLE
THE COMMERCIAL & FINANCIAL
(306)
50
like amount of Northwestern
American Power & Light Co.
(parent) which were assumed by Pacific.
The latter also will sell
privately $4,000,000 of 2% 10-year serial notes.
The proceeds will be used to redeem $20,500,000 of Pacific's out¬
standing first mortgage and prior lien gold bonds,. 5%
series,, due
1955; pay a balance of $1,794,500 on Pacific 6% note; redeem $6,700,000
of Northwestern's first mortgage 4%
bonds, assumed by Pacific and
the
remainder for
construction purposes.—V. 166, p. 162.
M 1
*
• *
> $
fV !'.<
Volume
Pacific
May 31—
1947—Month—1946
rev.-
oper.
ODerating
revenues
expenses
Operating
$20,331,710 $12,896,275
__
17,900,939
Net
1,109,148
$813,806
419,444
.
$726,899
income
operating
after charges——_
—V.
166,
The
$4,268,330
2,937,109
467,992
V.
6,273,150
61,354,000
5,538,000
Taxes
3,109,000
6,361,532
205,000
Z)rl72,733
3,314,000
income
operating
6,188,799
(net)
Other income
directors
shares
The
*1947—12 Mos.- -1916
2'/a
shares
income..
1,375,000
deductions
Interest
on
1,939,000
income
The
in
or
2,710,344
3,041,925
5,537,188'
15,243,000
16,903,252
$0.25
before
$1.68
$3.93
21,553,438
the
$6.61
stock
held
rants
will
share—
com.
llncludes
1946.—V.
in
166,
an
by
rate
194,7.
Smith
J.
has
to
succeed
the
late
E.
Plans Further
—
During the
June.
This
decline
of
decline
not
feel
relatively
experienced
we
during the
constant
enough
Prior
for
to
to
me
the
accordingly,
The
.
upswing
if
the
film
level
for
stock
been
past
the
corporation
common
revenues
our
ten
upswing
days
has
ago
not
reflected
days
ten
next
far
so
in
continues,
it
will
which
in
cams
assets
of
the
as
of
Liberty
Wyler,
well
Frank
outstanding
other
as
additional
The
desire
in
men
valuable
of
other
Inc.
included
George
the
show
service
Stevens
field
assets
for
have
we
interests,
of
in
of
and
motion
the
form
itself
payment
in
had,
with
and
to
Accordingly,
the
the date
"1946,
of
we
355,600
open
purchases
shares.
'acquired is
the
in
A
make
the
for
the
provision
unusual
other
assets
We
our
which
of
to
have
stock
be
mind.
funds
the
with
if
did
we
stories,
which
plays
face
holdings
beneficial
to
rest
is
and
other
assets.
these
unusual
requirements
that
make
though
their
corporation,
—V.
capital
loans
them.
We
terms
give us
we
will
and
treat
will
them
conditions,
the freedom
(N. J.)
trial
has
■
of
for
payment
paid
short
the
over
off
of
;
j
a
28-acre
fibre
floor
2674.
{
'
•
i
•
I
i
1
■
1
not
all
corporation
number
tract
with
two
of
of
He
coverings.—V.
t.
.
will
have
Federal
Other
taxes
:
taxes
2,650,373
437,301
*
Depreciation '
Amortizi of
—
236,301
—
294,824
electric
144,056
revenues—
Other dncome
cr >'
i.'
!;
i
(net)
$926,465
on
mtge.
on
debentures
Other
int.
$924,162
2,303
income
Gross
*bonds—
and
232,500
67.500
deducts.
164,
a
■
v
p.
..
credits
Net
—
income
Dividends
applicable
Balance
—V.
165,
—
89,288
to
the
166,
corresponding
-Annual
■.
v
-
of
of
supervision
of
receivable
1947—12 Mos, -1946
90,738'
$983,277 $11,540,163 $15 710,166
232,500
2,790,000
2 983,835
67,500
810,000
1 001,625
1,051,491
7,279
In
of
345,500
V.
452,161
47c
to pfd. stocks for period-
3172.
___
retirement
in
connection
on
common
can¬
from
from
for
4,958,150
_
hand—
from
*$2,67
$10 par Share.
5,583,334
$3,359,630
6,326,257
1,588,204
profits
6,468.421
4,989,150
93,750
156,250
235,965
235,965
11,800
11,800
731,016
50,000
1,464,486
2,401,822
taxes
3,440,475
11,294,250
conting
500,000
19,784,800
1,954,300
19,984,700
1,954,300
8,336,340
8,336,350
15,949,390
23,579,258
$100)
:
15,960,374
23,032,194
$625,684
116,744,410 131,186,557
in
discounts
1946.
and
tAfter
doubtful
(including 552,000 shares
166, p.
162.
accounts
allowance'
$3,370,000 in 1947 and $3,016,891-in 1946.
Federal income taxes),
advertising, etc.
issued for
be
to
cumula¬
determined
'
iti
•
of Canada, Ltd.—Calls
Debentures—
has
called
for
the
above
hand
to
for
redemption on Sept.
30-year convertible
refunding
for
purpose,
the
it
amount
program.—V.
Public
Service Co. of
1,
next,
all
of
is
understood, will be
$2,000,000, and the
of
164.
derived
balance
2325.
p.
Colorado—Invites Bids—
it
(par $100). Such bids
to the company at the office
of Guaranty Trust Co.
140 Broadway, New York
15, N. Y., before 11 a.m.
to be presented
are
of
New
York,
July 28.—V.
on
166, p. 162.
The
of
Indiana, Inc.—Rights—
common
stockholders of record July 16
are exuected
td be given
at
par for $11,077,800 of
15-year 2%% con¬
vertible debentures due May
1, 1962, on the basis of $10
principal
amount of debentures for each
share of common stock held.
the
right
to
subscribe
^
The
debentures
new
shares
will
of
be
stock
convertible
for
each
into
$200
of
common
stock
debentures.
the
on
It
on
is-anticipated that the registration statement
will become effective
or
about July 25, 1947.
The company plans, as
soon
as
after
the
of
possible
registration statement becomes
effective, to issue to the
its
common
stock
transferable, debentures subscription
evidencing their respective rights to
purchase said $11,077,800
of
warrants
debentures.
Such
warrants
will
expire
approximately 20 days alter
Subscriptions may be made only in
amounts of $200
thereof and the surrender of 20
rights will be
they are issued.
or
in
a
multiple
connection
R.
with
each
$200 of
required
debentures
to
A.
Gallagher,
President, has
announced
tribution
of capital stock of Indiana
Gas &
shareholders of Public Service
Co.
dividend, which is at the rate of 1/20 of a
common
stock
be
purchased.
Pay Third Dividend in Indiana Gas Stock—
for
each
share
Sept.
1,
of
Public
1947,
Service
Co.
the
third
Watev
of
quarterly dis¬
Inc., to the
Inc.
This
Co.,
Indiana,
share
of
common
Indiana
rtock.
capital
is
to
be
to
holders of record Aug.
15, 1947.
Public
Service owns at present 81.54%
of the Indiana
capital stock and the
Sept. 1 distribution will reduce this
percentage to 72.31%.
A similar* distribution
in Indiana
capital •stock
common
cash
Sept.
The
was
stock
on
dividends
1 and Dec.
usual
March
were
1,
1
paid;
of
record
and
On
Aug.
June
2,
March
while
1,
25
in
made
1946
the
cents;
and
was
of
also
31V2
cents
per
share
on
declared, payable Sept.
on
the
following
on
45 cents each.
quarterly dividend
cumulative preferred stock
and
shares
1,369,158
2,680,587
32,000,000
(par $100)
per share)
for
entitled
underwriters will
interest.
on
a
distributed
1966
Total
—V.
966,863
1,607,781
sinking
—
1947
funds
cash
holders
707,400
cumulative preferred stock
SCommon stock (par value $5
.
with SEC—
Company is inviting sealed, written bids for the
purchase from
of 160,000 shares of cumulative
preferred stock
1,867,528
(par
and
basis of five
surplus
041,098
24,414
1,833,539
preferred stock
3.60%
Earned
$6 400,728
2,461,395
98,812,454 112,744,578
debentures, due April 1,
claims, litigation and
the
'
Public Service Co. of
24,414
:
$205,750
of
stock
,
$
3,999,636
•___
fund
surplus
37,870
The
$5,500,000 $44,000,000
less
names
preferred
31
807,236
trustee
until
registration statement with the SEC
,)
corporation
105
To
income
have
debentures, series
Payment will be made at
any branch of The
Royal Bank of Canada, in
Canada, or at the holder's option at the
Agency of the said Bank in- New
York. N. Y., or at the
office or
agency of the said Bank in
17,589
•
116,744,410 131,186,557
by
bondholders
Co.—Registers
a
($50 par)
$7,987,500 outstanding 4V2%
at
1946
supplier
Federal
held
July 10 filed
t
The
its
799,388
2,997,684
cost-
equipment
the
plan.
Approval of the holders of
required
to
make the plan effective.—
58.
!?t 1"
•
(E.D.T.),
—
excess
however,
year
reorganization
Co.
Court,
6,148,000
793,391
70,355
SHEET, MARCH
others
Federal
for
London, England,
$2,04
customers
plan
preferred, series
from
$
cost)
proposed
by
Stock will be offered in
exchange for
outstanding
of 1927, in the ratio of
two shares of new
ferred for each, old
pre¬
preferred share, plus cash
adjustments. Shares
of new preferred
not issued in the
exchange will be sold to underwriters.—V. 165, p. 3058.
,•
275,000
500,000
share_r——
debentures,
Capital
3
6,665,222
472,000
surplus
at
the
the
-
3,497,340
on
rejected
Power
of
dividends.
The
competitive bidding.
5 V2%
B,
stock
cash
Electric
orders
through
earn,
per
May
Power Corp.
3%
with
years.
grows.
in
tive
•
242,222
20-year
two
Potomac Electric Power
4,497,694
war
preferred stock
3.60% preferred stock
on
and
♦After allowance
$5,100,301
5,930,150
of
next
property
166, p.
77,200
__
cumulative
Tucker.
160,912
300~600
liabilities
for
Pittsburgh
Mr.
sentiment
Portland
2,550,000
133,865
of
the
over
Under
310,000
payable
sink,
of
head¬
Toronto,
of
July 22 to cast new ballots for the
two-thirds of the issue is
sinking
payable to banks
Dividends payable
2%%
with
near
resolution
Bondholders
years
Accounts
for
their
the
as
Notes
3%
this
paints
concerning dividends is not 'shared
by the inde¬
pendent reorganization trustees
who on Feb. 3, last;
testified in Federal
court
proceedings that dividends of $1.80 a
share annually could be
paid and that the dividend
might be raised to $2 a share
1,867,528
——
cash
its
decreeing this payment,
however, directors ex¬
doubt they could
see
a
dividend as high as $1.80 a
share
annually on the common stock.
They based their stand on present
depressed operating conditions
and on earnings forecast
for the com¬
8,006,267
at cost, in Philip Morris &
Co., Ltd.
1 178,148
191,629
$7,080,301
1,980,000
2%%
LIABILITIES—
fund
for
manufacturer
directors have.ordered
payment
This
Total
Provision
distributor
as
payihent.
of
deferred charges
trade-marks and brands—
will,
XtS.","
a $3
per share special divi¬
on the common
stock.
The payment is to be
made if and when
the reclassified stock
is issued under the
amended plan for
tion of the Portland
reorganiza¬
Electric Power
Co., the parent concern.
'
Net earnings of
Portland General Electric
Co. from Nov.
1, 1945,
through June 30, last, are described
as
sufficient to justify such a
155,840
estate
average
Good
tCr617,331
adjustment, $128,780 in May^antl..
$Deficit.—V. 165, p. 3058.
Montreal.
covering 140,000 shares
investments
Prepaid expenses and
1,728,6.75
$605,966
of
termination
receivable
Accounts receivable
Inventories (at
(England)
1,304,599
due to carry-back
Portland General Electric
Co.—$3 Special Dividend—
The
7,850,427
5,409,085
taxes
obligations,
plant
tCrl02,179
V
A
$1,000,000 Murphy company plant at
Long Branch,
designed and constructed
specifically for the production
paints', recently commenced
production, according to
—V. 166, p. 162.
pany
therefor.
$15 619,428
23,609
profits
COMPARATIVE BALANCE
ASSETS—
tProperty,
-
346,847
1946
The company on
Other
162.
1,728,675
$560,786
sale
common
Notes receivable
■
Hobb^
quarters in
set
-----
excess
claims
prior
<*
paints distributed
through Hobbs Glass,
Ltd., will be manufac¬
according to Pittsburgh Plate formulae in
the
plants of the
Murphy Paint Co., Ltd., a Canadian
paint
a>
*After exchange of two
shares $5 par stock for
each
tAfter deducting
$250,000 charged against reserve
Investment,
p.
items
-—
declared
Gruenhagen,
$961,075 $11,433,583
22,202
106,580
84,590
special
(net)—...
declared
of
$715,248
in-
,
tured
1946
219,669
151,747
3,200,000
—.
taxes
——-—
on
on
Dividends
taxes
Federal
in
Report—
1947
$4,284,847 $55,538,378 $52 076,869
2,284,031
31,955,852
28 529,744
484,939
5,494,470
1 662,157
151,581
1,649,522
1 505,196
259,165
3 031,669
3,276,276
144,056
before
rpal
Dividends
Refund
$2,109,293
Pittsburgh Plate Glass Co.—New
Distributor—
B. Tucker, Executive
Vice-President-smtounces that
company has named
1946.
830,725
...—___—
,
income
arising from
♦Accounts
17,237
$218,321
Richard
increase
an
week
9,811,226
;
Balance of income transferred to
Dividends declared on 4%
165
income
tCredit in
the
162,360
.i
subscriptions to cumulative preferred
stock, 3.60%
series
Provisions for claims, litigation and
cojnting.
<<
582,344
3,411
$643,941 in first five months.
for
celled
.
10,690
$710,953
Cr21,739
17,444
-
—
per
$2,708,874
come taxes
170.905,550 178,686,032
148,411,919 159,882,242
12,844,765
10,953,363
expenses
—
Federal
of
98,290
$232,422
charges
♦Indues
Pacific
for
1947'
-—
paid
79,873
$565,840
■
of
162.
p.
subsidiaries
123,257,000 kwh.,
the
deductions
183,700
+
p.
its
.
debentures.—
sale
$612,663
21,546
$780,985
3,411
— _
fixed
1947—6 Mos.—1946
and
-
of
3,114,245
211,734
income
.
chlorate plant.
$7,500,000.—V.
283.
director.—V
Special charge
Int. chgd. to construc.!■;:
by
the sale of preferred stock
company
-—
-
Settlement
Reserve
Int.
Pennsalt's
.
large
t
Int.
office
9,648,866
debentures
20-year
oper.
chemicals
sold
tAccrued
pit.
acquis, adjusts,
Net
the
$3,649,675 $22,101,963 $20,563,301
over
Demand deposits in banks and
United States Government
complete
1947-Month—1946
$4,687,017
revenues
expenses
at
the
amounted
0.7%,
debentures
years.
Pennsylvania Power & Light Co.—Earnings-
Operating
1947,
2,980,576
$2,629,001
day, the company announced."
1947—Month—1948
this
616,350
$210,876
deductions
Net
largest expansion project com¬
years, followed closely on Pennsalt's
it will, for the first time since
1912,
that
529,457
17,426
Total
at
common
$2,131,160 $$2,267,516
2,432,735
234,066
pressed
for year
below
Premium
the
expenditures.
Operating
price
of
63,039
$9,104,533
11,372,049
$763,559
income.
oper.
Misc.
Total
indus¬
Administration
J. G. Herbert Bryant, Alexandria,
Va., and Dewey F.
Minneapolis, Minn., hav§, been elected directors.—V. 166,
Pqriod End. May 31—
two
a
program of
of
or
for Federal
on
tLosses
1
Controller.
and
these
tons
built beside
years
fund
promptly
obligations
Lochiel, Vice-President and Treasurer, has been elected
Vice-President
this
$$341,575
592,724
income
Total
be
162.
on
forth
,
Profit
words,
borrow
Pennsylvania-Central Airlines Corp.—promotion—
Raymond G.
of
,
'
"
12,
Premium " received
any
,
protection
a
Pennroad Corp.—New Director—
Jay Cooke of Philadelphia, Pa., has been elected
p.
at
will
ry.
Other
that Exchange
shall be ex-rights.
1947
Recovery in connection with Govt. contractsExcess prov. in prior years for Fed.
inc. taxes
at, Fullerton, Pa., from the War Assets
$511,750, Levy Anderson, Regional Director, announced.
The plant, operated by Mack Trucks,
Inc., during the war for as¬
sembling vehicles for the Army, will be used by the Paulsboro
com-
i
stock
Net
dend
interest
prior
ought
as
term
buildings
of
upon
directed
16
July 17,
__
Recovery
much
we
other
would
we
be
as
In
for
"pany for the manufacture
time
1^47—5 Mos.^-1946
$1,576,155 $14,617,005
1,917,730
12,485,845
$826,826
Equip, and joint facil¬
ity rents (Cr),—
the
Subscription war¬
Savings Time, Aug. 4,
exercisable
July
on
selling, general & admin,
Income
^
Manufacturing Co.—Purchase New
purchased
The
shares
15
Daylight
be
on
200
was
profit
Earnings
company
reached
expansion
July
M scellaneous
Plants—
The
stock
production
output
goods
Provision
165, p, 3287.
Paulsboro
of
Other
far
so
pretty
acquisition
business.
the
Any
pay
of
new chlorine,
caustic soda aftd
Manufacturing Co. of Washington
kwh.,
166, p.
Interest
,
have
we
the
face
can
to
expenses
$3,330,446
2,503,620
Net rev. from
ry. oper..
*Ry.
tax
accruals
57.
electric
Gross
to the
corporation
connection with the
in
and
not
at
as
even
acquire
Exchange
Other income
and
stock
common
It is clear that
all.
money
we
to
option
oper.
RR.—Earnings—
1947—Month—1946
revenues
Ry.
into
oper.
1947.
Operating profit
Briskin, four
picture production,
now
corporation
each
15,
-
making arrangements for borrowing money on the basis
of
a
revolving credit, the corporation to pay a so-called
stand-by
charge and the money to be available to us if, and as, we need it
over the next several years.
It is likely that we will make loans under
this credit, but if we do make loans, wc will make them
to enable
are
Stock
Ore.,
p.
ended
Cost
available
will
we
theatre
would
the
have in
requirements
of
rearrangement
will
$100.
stockholders
for
July
Eastern
p.m.,
warrants
common
general
Shipping,
We purchased, from Nov. 20,
through June 16, 1947, a total
Liberty deal and the
we
the
time
& Lake Erie
May 31—
Ry.
market.
portion
allocated to
some
3
business
Net "sales
questions.
contracts
shares of
convertible
5>
their
purchase
commenced,
earmarked for other deals
to
to
common
be
Philip Morris & Co., Ltd., Inc.
Paramount stock.
continuing
are
corporation
at
Fiscal Years Ended March 31—
continuing to have, with
acquisition, indicate a
are
view
a
its
will
preferred
modern plant
826,000
in
Sam
of
stock
$3,524,134
—V.
*
of
a
166,
week
manpower.
discussions
owners
Films,
redeemable
$5,000,000 by
The
quarter.
Capra,
Pittsburgh
the
rentals, but
legal
The
of
Philadelphia Electric Co.—Weekly Output—
at
theatre
our
company in
exchange for common stock of Paramount.
There has
been a complete meeting of minds on both sides.
Final consummation
of the contract is,
however, still subject to certain
William
option
1957.
time and from
of
Sales
recently arranged to purchase all the outstanding
Liberty Films, Inc. from the stockholders of that
of
at
operation
new,
in
—V.
continued
film
our
1,
the
stock¬
Period End.
the
be
for
by
seasonal
but
years,
be
of
close
Period End. June 30—
long
the May decline has spent itself.
drop extended to the July 4th holiday,
pickup before that date is encouraging.
current
not
the
of
regular
share
the
the
that
certain
the
has
rentals
The
about
This
the
pre-war
when
years
However,
increase.
be
the
of
at
may
Aug.
35/a%
Peoples Drug- Stores, Inc.—June Sales Off—
the seasonal
war,
and
during
war
rate.
receipts commenced to
earmarks
the
all
to
any
new
to
company
York
in
Portland,
Expansion,
April, our business held up quite well. There
decline during May
which continued into
had
the
announcement this summer
seek outside
capital of
G.
further
a
which
did
we
a
month
however,
will
part
The opening of the new
plant,
pleted by the company in recent
etc.—Barney Balaban, President, at the annual meeting
of stockholders, held on June 17, said in part:
was,
in
Thus,
stock
of
authorized
with SEC
company on July 9 filed a letter of
notification with the SEC
7,500 shares cf common stock
which is
being oflered to employees
under
company's stock purchase plan at
$9.28 a share.—V.
165, p. 3172.
Aug. 1, 1947, and will be payable
succeeding November, February, May and
each
or
expire
Northwest
use
Pictures Inc.
of
one
at
New
The
58.
p.
Pitney-Bowes, Inc., Stamford, Conn.—Files
New Plant Opened—
166, p. 162.
Paramount
166,
The
With the
opening June 21 of the
DDT plant of the
Pennsylvania Salt
Transport Co.—New Pres.
President
elected
been
the
of
contracts
at
July 14 declared a quarterly dividend of
75 cents
Aug. 30 to stockholders of record
Aug. 8, 1947.
50 cents per share
previously paid each quarter.
with
for
from
preferred stock
Subscription
The
Corp.—Special Offerings—Mer¬
rill Lynch, Pierce, Fenner & Beane announced that a
special offering on the New York Stock Exchange July
11 of 52,100 shares of common stock (par $2.50) at $11.25
per share, with a special commission of 45 cents, was
oversubscribed and the books closed in the elapsed time
of 15 minutes.—V. 166, p. 162.
D.
—V.
Wall Street, New York.
has becom.e effective.
Pan American Airways
McKeever—V.
day
$40.
prior
rate
stock,
P. Morgan &
Company, Incorporated, at 23
Registration under the Securities Act of 1933
%
Pan American Petroleum &
dividend
preferred
accumulate
whole
at
J.
162.
p.
set
of
stock
selling price of
estimated refund arising from carry¬
back of excess profits credit
of $2,231,000 for the 12-month period
ended in 1947 and $351,000 for the three- and 12-month periods ended
—
per
♦June estimated,
on
payable
compares
before
offered
Earns,
directors
share,
This
at
the following
redemption price per share: $104
Aug. 1, 1949; $103 on or before Aug. 1,
1951; $102 on
Aug. 1, 1953; $101 on or before
Aug. 1, 1955; $100.50 on
Aug. 1, 1957, and thereafter at
$100.
before
21,181,900
Dividends
the
preferred
notice
or
or
23,892,244
4,723,000
5,361,010
A
was
share
common
first
The
Net
series
price
will
the
company
30 days'
27,872,317
80,000 Dr3,980,073
827,789
of
August,
19,886,000
19,966,000
Phillips Petroleum Co.—Dividend Rate
Increased—
The
per
procurement of certain equipment.—
announced
new
each
Dividends
on
Total
have
of
conversion
shareholder,
66,382,367 265,427,000 258,906,737
52,785,459 221,050,000 192,352,632
17,235,376 124,491,000 138,683,788
52,707,000
the
51
57.
P.
50,000
$
Net
166,
The
*1947—3 Mos.—1946
(307)
on
holders July 3.
(Including Bell Telephone Co. of Nevada)
Operating revenues.—.
Operating expenses
)
Pennsylvania Salt Manufacturing Co.—Terms Set for
New Preferred Issue—Offered at
$100—
$4,416,542
-
ICC
dividends, in connection with
COMPARATIVE CONSOLIDATED EARNINGS REPORT
Period End. June 30—
\
»
July 8 authorized the company to assume
obligation
liability, as. guarantor, in respect of not exceeding
$11,025,000 of
equipment-trust certificates, series S, to be issued
by the FidelityPhiladelphia Trust Co., as trustee, and sold at 99.079 and
accrued
162.
p.
/ |f<\
■
and
$77,038,150 $62,458,443
65,759,747
51,767,436
7,010,073
6,274,415
11,060,228
taxes
Net
1947—5 Mos.—1946
1,616,965
ODerating
*
Pennsylvania RR.—Equipment Trust Certificates—
$20,414,031 $12,939,659 $77,344,992 $52,684,062
82,321
43,384
306,842
225,619
revenues
Uncollectible
<>
THE COMMERCIAL & FINANCIAL
CHRONICLE
Telephone & Telegraph Co.—Earnings—
Period End
ODeratinE
Number 4613
166
v./
>. .5
June
the
1 to holders
15.-
'
$609,180 in
depreciation
of
^Interest, taxes (other than
^Represented by 1,998,468
equivalent of $2 per share).
(
Exemption Granted—
...
The
from
SEC
has
certain
$11,077,800
granted the application
provisions
15-year
1,
3y2%
of
2%%
the
of
Holding
convertible
...
company for
an
Company Act in
debentures
to
its
exemption
the
sale
of
stockholders
.
i
52
through
holder
Each
warrants.
of
share "of
one
entitled to purchase $10 principal amount of
.
THE COMMERCIAL & FINANCIAL CHRONICLE
(308)
common
Period End. May 31—
Corp., which owns 224,586 common shares of
Indiana,
authorized to acquire its pro rata share of the warrants and; to
market prices.
.
.was
Total
oper.
revenues
Total
oper.
expenses—
of
*$70,890
Dr4,727
$381,406
*$7,372
in
Dr52,078
76,971
Operating income
Ordinary income, non¬
at
within
time
any
12
proposed
as
years
*$75,617
$402,787
*$59,450
$2,430,891
259,068
8,585
287,876
Dr7,20l
$183,451
11,287
$411,372
12,007
Gross
ordinary income
Deduct,
ord.
from
inc.-
ended
week
Net
is manufactured in
and other decorative
the
total
assets
of
the
increase
one
properties
not
55,069
the
817
95,595
11,679
59,980
$161,161
income
$171,903
$388,503
154,100
$207,518
Deduct, from net income
64,300
$2,368,621
4,240
58,361
an
New
year.
Net
ana
for
three
f,£5u,?e a
woodmen
efficient
more
Period End. May 31—
Operating revenues
Operation
1947—Month^-1946
1947—12 Mos.—1946
$2,350,021 $31,048,393 $29,157,634
986,611
13,317,892
11,565,777
177,718
2,475,833
2,072,383
147,284
1,814,923
1,688,574
172,500
2,306,504
3,517,704
288,251
3,607,859
3,361,812
$2,498,626
1,101,322
222,524
155,923
153,500
309,697
—_
Maintenance
-
Depreciation
Fed. taxes
Other
income—
on
taxes
Net
—
in
Canada
and
plhnts
owns
controls
or
"?lsam stands sufficient in the
*
for 6,000,000
Martin
6
—
Balance
$577,657
2,604
$7,525,382
88,316
RCA
Greece—
$6,951,384
64,204
the
London
opened
$7,437,066
2,287,826
$6,887,180
2,296,314
jected.
$386,881
$5,149,240
$4,590,866
less, Ltd.—V. 165, p. 3288.
687,500
687,500
$4,461,740
$3,903,366
prmte^ence dividends paid
relay,
to
terminal
Athens
is operated
service
the
of
by
162r-
p.
■
...—
Cables & Wire¬
rfij
Gross
^
'
$9,092,511 $11,849,870 $37,638,384 $48,697,884
4,038,866
4,306,960
14,210,741 15,744,135
.112,159
454,872
396,728
1,789,670
4,072,751
5,802,498
16,528,716 24,225,478
602,082
704,396
2,438,799
2,655,563
revenues
of'-.
•Maintenance
cars—
All other maintenance—
Conducting
car
oper.—
General expenses-
Net
$581,144
$266,652
revenue
$4,063,399
—
•Aug,
to
15
•interim
in
dividends
each
407,479
314,700
revenues—
expenses
Net
Rheem
$4,283,037
net
$92,779
revenue
$84,125
$498,680
Operating
$4,562,079
432,730
527,137
3,038,570
3,260,399
$138,132
$1,523,509
$659,094
179
$2,622,147
4,434
U. S.
Govt,
!■ excess
549,749
2,121,801
tAfter
1,000,000 com, shrs, outstg.
Cr208,181
Cr211,292
302,276
revenues
•
While
hamed
Net
after
General
Honorary
Harbord
of
the
active
from
duty,
will
and
board
*
as
David
Sarnoff
$357,306
$457,528
55,004
225,234
297,071
elected by the board to
well as its President.
as
$1,062,334
——
$1,081,244
Detroit Stock
(2)
an
$5,962,852
oper.
Net
Dunlap, Jr., has been elected Vice-President in charge of
advertising and publicity.
He became Director of advertising and
publicity of RCA on Jan. 1, 1944, after serving for four years as
Manager of the RCA Department of Information.—V. 166, p. 58.
expenses—
130,032
$85,801
102,318
$446,135
Total
579,169
$396,196
476,858
Operating income
Ordinary income, non¬
*$32,162
*$16,517
*$133,034
*$80,662
76,529
25,360
329,449
115,647
$44,367
Gross ordinary income
Deduct,
from
inc.
ord.
Net ordinary income.
Extraord.
income
Extraord. inc.
Net
(Cr)
$8,843
4,085
3,270
$41,097
$196,415
19,249
$4,758
$177,166
1
30
income
income
$34,985
22,030
413,920
Cr37,018
2,307,305
758,234
466.806
$5,399,662
201,653
$2,939,841
159,318
$398,459
30,093
$1,182,961
$4281552
$5,601,315
188,430
182,907
1,017,595
$994,531
33,611
$4,583/720
32,380
147,946
$1,028,142
252,069
$278,025
253,146
$4,731,666
1,241,217
-
$4,758
2,660
$177,169
71,800
$12,955
8,300
$2,098
$105,369
$4,655
$776,073
$24,879
$3,490,449
The
in
company reports
the asset value
for
the
previous
of
month's
end.
stock
Based
the
Over
On
JUne
corresponding figure
30
market quotations
Tor portfolio
securities, total net assets rose to $10,205,168 from
'$9,932,461 at May 31. During the month the company increased its
"holdings of public utility common stocks by the purchase of shares of
Central & South West Corp., Public Service Co. of
Colorado, Virginia
Electric
On
&
the
Railway
Power Co.
$3,099,159
basis
Per collateral
Per 4%
Per
•—V.
cum.
common
165, p.
of
trust
conv.
and
June
Light's
and
Gulf States
30
Utilities
Co.
•
quotations, the asset coverage of
securities was as follows:
bond.
$2,551.29
preferred share, $50 par
152.14
—
p>>nre
•
3174.
25.54
MvRraitoftlflJ.
Rear Admiral Richard E. Byrd, U. S. N., has agreed to accept
a
directorship in this corporation when he retires from active duty later
this year, according to an announcement made on June 30 by John
M. Reeves, President.—V. 165, p. 2803,
i
,
i.uiJ
,
bags,
and
Mutual
Life
Insurance
Co.,
Aetna Life
Co., and Sun Life Assurance Co. of Canada.
the sale will be used in rounding out the company's
modernization and improvement in its various plants.
St. Regis
designs and manufactures special bagmachinery.
the company also
bag-filling
also supplies more than 14% of the country's groundwood
printing papers,
$769,485), together with other
by a building loan or other appro¬
financing, will be applied toward con¬
the township of Bristol, Bucks County,
needed
and
behalf
the
of
purchase of the
Fredrlc
R.
Mann
bleached and unbleached, of the grades used in tele¬
additional
underlying shares,
and
Silvia
E.
class A
to be
Mann,
com¬
sold by
the
selling
•
board
corrugated cartons.
(par $100).
cum.
A
common
stock
($1
par.)—.
common
stock
($1
par)——i.
conv.
selling
Outstanding
200,000 shs.
pfd. stock ($20 par).
WARRANTS-^-The
underwriters
75,000 shs.
.187,500shs.
1,500,000 shs.
675,000 shs.
675,000 shs.
stockholders have
non-transferable warrants,
agreed to issue to the
at 10 cents per share covered
by such warrants, which warrants-are-exchangeable on demand for
negotiable warrants.
The negotiable warrants will entitle the bearer
thereof to purchase an aggregate of 69,000 shares of class A common
stock, how owhed by the selling stockholders, at a price to the selling
stockholders of $6.67 per share if exercised at any time up %o> and
including July J, 1948; at $7 per share, if exercised thereafter and at
any time lip to and including July 1, 1349; and at $7.33 per share i£
exercised thereafter and at any time up to and
The
Though already serving 21 industries, new uses
are constantly
being found for St. Regis products. The company's heavy-duty multiwall paper bags have recently been widely adopted by members of
the milling industry for the shipment of flour, an important market
in itself.
Multiwall bags are now being used for the packaging of
paper
loan with inter¬
the Pennsylvania
(approximating
when
construction
Class B
shortly.—V. 166, p. 163.
Placed Privately—
announced -July 15, has sold to a
group of insurance companies $10,000,000 20-year deben¬
tures, to yield 2.80%. The debentures were sold at par
to the following companies:
Metropolitan Life Insur¬
ance
Co., John Hancock Mutual Life Insurance Co.,
making
a
to
Authorized
_
•*v
•fertilizer, cement, sugar, chemicals, poultry and dairy feeds and nearly
400 other diversified commodities. In addition to producing multiwall
Reeves Brothers, Inc.—Byrd Becomes a Director—
^
"***
of
Class
Regis Paper Co.—Debentures
program of
plua
Nov.
CAPITALIZATION, GIVING EFFECT TO PRESENT FINANCING
U. S. District Court haT ordered the
July 24.
The Court's -order terminating the road's 12-year-old reorganization
proceedings followed preliminary approval of the dismissal plan, by
the Interstate Commerce Commission.
The ICC order is expected to
Massachusetts
105
due
.
5,/a%
Proceeds of
market
outstanding
3'/»%
raised
v
which consisted of 3,250 shares
Judge George H. Moore of the
<road restored to private control
Insurance
at
use,
(b)
selling stockholders have
with" the "escrow agent
including July >1, 1950.
covenanted that they will deposit in
sufficient number of shares thereof
a
provide for the exercise of the rights represented by the outstanding
to
warrants.
The company, it was
increase of $1.68 "per share as of June 30
common
redeem
debentures
amount of $450,000
Trusts;
escrow
an
its
to
6%
ACQUISITION—On Feb. 3, 1947 (effective as at Feb. 1,. 1947), the
•corporation purchased from Frcdric R, Mann, its president, for $600,000"
-all of the outstanding shares of comlhon stock
qf Seaboard Paper Co.,
,
St.
used
5-year
"*
'•Deficit,—V. 166, p. 162.
Railway & Light Securities Co.—Asset Value Dp—
be
through its wholly owned subsidiary (Seaboard Paper Co.),
known as .009 corrugating medium, light weight,.009=
board commonly known as chip board, and interior packing
•materials, all made of various grades of waste paper.
Its finished,
products fall into two main categories: (a) corrugated fibre board and
$1,122,210
income-
he made filial
A
as
paper
$2,380,011
1,257,800
oper. inoome..
Deducts, from gross inc.
class
used
.
stock
paper
$2,205,819
174,191
-
the face
remalhder
be
means
on
own
893,340
$245,645
income,
of
be
BUSINESS—The principal business of the corporation Is the manu¬
facture and Sale of,corrugated fibre shipping containers and kindred
products made out of container board.
It also manufactures for its
598,870
150,637
Gross
will
$250,000
•stockholders, will go to such persons.
$4,419,437
414,611
Ordered Returned to Owners—
•
$24,408
surplus—
$8,879,811
88.235
$12,955
transfer.
to earned
Net
$575,700
92,544
471,191
income
16,660
.
$1,856,447
$1,142,074
40,887
ry.
will
September,. 1947, and to complete construction by June 30, 1948.
•
new plant will
place all operations of the Corporation in".on©
except the operations of its wholly owned subsidiary, Sea¬
or
13,821,044
taxes—-—
Net
shares
This
Deducts,
$41,068
Deduct, from net inc
13,056,817
'
33
30
_
(charges)
"2,857,197
incomeoper. income.
Non-operating
$270,000
1947,
premium in
to
mon
Total ry. oper. income
from ry. oper.
1947—5 Mos.—1946
1947—Month—1946
37,500
stock, warrants to purchase 69,000 "shares of
126,025
Other ry.
and
$1,491,985 and
building
city
oper.
stock
approximately
of a new plant in
Pa., where the1 complete operations of the corporation will be con¬
ducted, and to move its present equipment to the new plant.
A pre¬
liminary estimate of the cost of the proposed plant is $850,000.
Cor¬
poration's present intention is to start construction of the new plant-
Ry.—Earnings-
2,665,352
taxes-
income
Other Federal
period End. May 31—
Total oper,
revenues-
communication
and
Any
board Paper Co., which will continue to be conducted at
Reading Pa.
The net proceeds from the sale of 75,000 shares of class A commoa
—
Federal
Radiomarine Corp* of America—Earnings—
___
(
from ry. oper.
county
taxes
Ry.
$97,870
rev.
State,
E
expenses
preferred
be
struction
application from this
1947—Month—1946
' 1947—5 Mos.—1946
$4,521,799
$3,432,897 $21,936,628 $18,240,482
-
revenues
oper.
Ry.
will
Banking and
(3) The
made on March 14,
another payment of same amount oh
St. Louis Southwestern
period End. May 31—
New Vice-President Elected—
oper.
for
cents per share was
by
A special offering of up to 12,500
conv. preferred
stock
the managing underwriter to the
by
convertible
stock
and
in
initial distribution of 15
agent.
.
'
■
cumulative
Approximately $452,500 will be used to repay
est
List Stock—
Exchange has approved
Transfer
1950;
Co.
Mos—1946
$6,322,463
York.
New
—
5V2%
(1) Approximately
to Nov. 1,
Inc.—Sales—
1947—6
Co.,
follows:
funds
1947, which was followed
July 15.—V. 164, p. 732.
Ry.
the
made
interest
1947—Month—1946
Trust
Jersey, Jersey City, N. J,
purpose—The net proceeds froni the sale of 75,000 shares of 5Vfe%
14.
Aug.
was
of
cumulative
On July 14, Mr.
Orrin
,
523,239
corporation to list 220,400 shares of $1 par value capital stock. Subject
to registration becoming effective, trading is expected to begin abdut
a
Sarnoff announced that Major Gen. Harry C. Ingles
(ret.), President of RCA Institutes, has been elected a director of
the Radio Corp. of America and its subsidiaries, the National Broad¬
casting Co., Inc., and RCA Communications, Inc.
General Ingles
succeeds Edward W. Harden, who has retired as a director of Radio
Corp. of America, having served on the board since 1919.,
.
meeting,
the corporation as its Chairman
.serve
,
same
2,284,015
518,092
$8T,485
Ryerson & Haynes, Inc.—To
An
the
2,644,351
109,559
Manufacturers
be
priate
The
Offered—Herrick,
from the public offering price, or $18.15
per share.
$3,264,782
473,770
$52,897
25,774
charges
Sales——
been
he has
continue
receivers*
166, p. 59.
"unsubscribed part of this special offering will be offered
publicly at $20 per share,
„
meeting
relieved
is
Chairman
company charges.—V.
present holders of debentures of the corporation in the
face amount of $250,000 at a discount of
$1.85 per Share
1947—5 Mos.—1946
$3,523,877 $3,268,708
4,128
3,926
—V. 165, p. 3174.
at'its
basis of old
on
Special Offering
shares
1,
America—General Harbord Retires as
directors
1947—5 Mos.—1946
$8,776,042 $53,505,617 $49,854,890
346,085
4,708,820
4,976,963
400,390
5,529,475
5,258,939
821,701
960,165
First National Bank of New
*457,375
Nil
$3,519,749
Rose's 5, 10 & 25-Cent Stores,
of
$10,212,448'
stock.
Registrar,
165, p. 3327.
director.
At
2,064,887
$2.00
$666,814
$708,731
563,576
92,258
—
operating income
—V.
held July 11 accented the
resignation' of Lieutenant General James G. Harbord as Chairman of
the board.
He had held this position since 1930.
He requested retire¬
ment under the corporation's regular pension Plan.
board
common
1946
302,204
Chairman—
The
last, and
Corp.—Earnings—
1947—Month—1946
$709,534
$667,610
803
796
Period End. June 30—
;
1947—Month—1946
^
R- Powell, Jr. and Henry W. Anderson,
computed
common
58.
Radio Corp. of
and May 15,
preferred dividends.—V. 165, p. 2457.
Operating- expenses
Operating taxes
2,202,371
and
Income
wi)l
said.—V.
share)
and
112,500 shares
(par $1) at $6 per share.
Of
37,500 shares are being sold by certain
stockholders who in addition have granted the under¬
writers, under certain terms and conditions, a 30 day
option to purchase an additional 37,500 shares of class A
$29,918,000 $13,832,000
revenues—
Uncollectible oper. rev—
$2,653,722
Cr4,079
539,427
profit taxes-—
—V. 166, p.
15
—_—
"Operating
Net
taxes
1947
the class A stock
$1,362,607
$654,432
2,429
for
at
par
($20 per
of class A common stock
an extra year-end distribution
year.—V. 165, p. 578.
1947
Rochester Telephone
tlncludes:
Payroll
Feb.
on
In addition,
1946.
Period End. May 31—
•Includes:
.
sales
President,
stock
interim dividend of
stock, both payable
The company paid quarterly
sales
Operating
Depreciation
—
Deprec.. adjustments—
1946
Co., Inc. and associates on July 15 offered
75,000 shares of 5 V2 % cumulative convertible preferred
Mfg. Co.—Earns $2 a Share in 1st 6 Months—
earnings
•Loss.
$4,623,006
*$73,298
income
total
Ferguson,
^Seaboard Container Corp. — Stocks
quarterly
a
25.
July
cents each
35
of
tEarns. per. shr. on
$33,9,968
$665,269
accrued———
tTaxes
y' CPM
are
will
■"
^
$3,602,064
Six Months Ended June 30—
1,529,716
1,189,747
$359,432
revenue
Total
1,754,703
1,256,023
361,498
277,373
record
of
quarter in
Net
•
July 11 declared
on
holders
Net
Total
levels,
Waddell &
of 35 cents was made on Dec. 26, last
Auxiliary operationsTotal
$4,061,458
—
cents per share on the common and common B
45
Sleeping Car Oper.—
Total
_•_
1946
2318.
p.
directors
The
1947—4 Mos.—1946
1947
'
(R. J.) Reynolds Tobacco Co.—45-Cent Distribution—
•
auxiliary operations
1947—Month—1946
sales
—V..165,
.
and expenses of car and
30
$69,033,514 $35,336,923
7,696,147
5,563,603
first
ana
6 Months Ended June 30—
—
Period End. Apr. 30—
pine,
*
(The) Pullman Co.—Earnings—
Revenues
of
acres
of experienced
estimation
Loss. _tFigures for 1947
co.
-p. —
(Robert) Reis & Co, (& Subs.)—Sales Higher—
surplus
Balance,
-V.T66,
States
608,988
*1,314,841
3,745,504
*3,316,512
are after deductions for interest on S. A. I».
mortgage 4% bonds and general mortgage 4Vfe% income
Donas, but before deductionc for capital fund account and
sinking
funds on said two
mortgages.
Figures for 1946 are those of Seaboard
on
$575,053
188,172
The
Prior
circuit between the United States
July ,1. This new direct circuit eliminates
which messages heretofore have" been sub¬
radiotelegraph
direct
$356,067
*^1f?e1h44come—
i,ry* oper* revs
SSLi
°Per- lnCOme
TmI* *"come
TNet income.
.
was
1,442,140
of
scope
United
1947
End- May 31—
Circuit to
.
first
The
First Direct Radiotelegraph
Opens
more
Seaboard Air'Line RR.—r'Statement of
Operations—
Finance.
$552,431
196,364
—
amortization—
and
Director of Accounts and
the
the
In
months ended june
*5' shipments continue at present
"ico6 M*.000,000." R°y K,
p,
loJ,
.
and Greece
-lilt,
has been appointed
Parkinson
H.
to
cords of pulpwood.
AOO,
Appointment—
broaden
to
mills
earnings after charges and taxes
«
•New
but
and
wet
•Loss*
subsidiaries
its
eoloo
$1,407,000
$114,018
$234,403
$96,861
surplus.
and
sales
,
$555,660
3,229
revenues
oper.
'Other inc. deducts, (net)
earned
advancement
about $34,000,000 in slightly more
have been added, timberlands pur¬
operation
43
earnings for
transfer,
income
to
of
range
uses.
of
wet
Puget Sound Power & Light Co. (& Subs.)—Earnings
wide
a
successful
^or leased and much new equipment installed in existing mills,
only
company's products,
Regis now operates
$2,314,500
907,500
93,500
the
company
$110,000,000,
tnan
$2,423,690
Tl, 003
ordinary income
.Extraord. income (Cr)_
Extraord, inc.
(chgs.)-
operating companies served by this corpora¬
July 12, 1947, totaled 206,032,000 kwh., as
compared with 191,180,000 kwh. for the corresponding week last year,
an
increase of 7.8%
V. 166, p. 162.
output of the
.
table tops
Regis Paper Company's long-range plan for plant expansioa
56,523
$399,365
magazines
telegraph blanks,
*1) *m *urnizatlon ^esun in 1935. This plan has been responsible for
raising
$228,426
$172,164
Net
the
Panelyte
tops,
St.
15.1%.»
for
Decorative
for bar
chased
Electric output of the operating companies served by thi3 corporation
ended July 5, 1947, totaled 191,395,000 kwh., as compared
with 166,251,000 kwh. for the corresponding week last year, an increase
Electric
such
tnan
communication
Service Corp.—Output—
catalogues,
rS®lesSt.
lncreases have followed steadily
the
in the plan.—
for the week
tion
communic.
order
Another
of
its
specialties, Panelyte, is a light-weight
plastic.
Industrial
Panelyte has proven of great value
diverse fields as mechanical refrigerators, radios, and air¬
planes.
$2,353,920
21,381
oper.
Other
162,
166, p.
Public Utility Engineering &
,
$6,281,544
3,927,624
revenues—
inc.—
Net
Commission, however, shortened the period In which the deben¬
tures may be converted into common.
It will terminate Dec. 31, 1951,
instead
directories, mail
books.
laminated
colors
The
of
$4,766,268
4,773,640
$1,223,352
841,946
$934,493
1,005,383
and
1947—5 MOS.—1946
1947—Month—1946
,
them at prevailing
sell
V.
phone
RCA Communications, Inc^—Earnings-
be
will
debentures,
Middle West
Monday, July 21, 1947
OFFERING—A special offering is being made by
Herrick,
the managing underwriter, to persons who are
present.holders of $250,000 5-year 6%- debentures due Nov. 1, 1959
■of not exceeding 12,500 shares of 5V2%
cumulative convertible pre¬
ferred stock (par $20), at the public offering price of $20 per- share
less a discount or concession .of ,$1.85 1 per.* share, which pffer will
•expire at the close of business on the fifth day after the commitment
date.
Each debenture' iiolder Under this special offering can subscribe
for Shares <of preferred stock having an aggregate par value up to
•but not exceeding the principal amount of debentures of the corpora-*
;tion held by him.
Any shares of preferred stock not purchased by
said persons under the term's of "this special offering, together with,
the additional 62,500 shares of preferred stock, are offered for sale
to the public at $20 per share.
SPECIAL
I
Waddell & Co., Inc.,
the
The
underwriter has informed the corporation that, in
with the distribution of such preferred stock and class A
stock, the underwriters will sell at cost to Van Alstyne Noel
the finder, and to officers, directors, partners and employees
underwriters and others assisting in the distribution of such
managing
connection
common
&
Co.,
of
the
,
preferred stock and class A common stock, or members of
diate family of any of Eaid persons, warrants to purchase
the
imme¬
up
to
bufe
exceeding 69 000 shares of class A common stock from the
and that it is the intention of the underwriters
net
stockholders
selling
Shamrock Oil & Gas
and of
Period End. May 31—
Gross operating income
Noel & Co. and of such officers, directors, partners and
employees of the underwriters and of others assisting in the distribu¬
tion of such preferred and class A common stock,
and members of
the immediate family of any of said persons, that all or part of said
Van
Alstyne
etc.
1947—12 Mos.—1946
stock,
5,863,280
5,037,095
$638,254
$2,648,624
$1,484,534
191,104
528,461
$1,849,842
100,000
120,000
53,289
43,662
there
would
be
in
change
no
time to time at a price equiva¬
mathematical parity with the class A common stock as
determined by the then market price for the class A common stock,
and the shares subject to the warrants may be offered for sale from
time to time at the then market price for the class A common stock,
operating
Other
income
$1,537,434
income
Gross
The
$6,521,629
$1,826,319
$829,358
Provision
30,000
60,000
Cash
provided, however, that no such public offering will be made "at the
market" unless a market for the class A common stock exists other
than that made, created or controlled by the underwriters or by any
person associated with the underwriters in the distribution ot such
preferred slock and class A common stock, or by any person controlled
by, controlling, or under common control with them.
UNDERWRITERS—The names of the underwriters and their several
commitments, together with that of the managing underwriter, to
purchase shares of preferred stock, class A common stock and war¬
either
of
rjghts
the
stockholders.
common
365,308
$3,177,085
or
the
the split is
of
purpose
the. distribution and Improve
to broaden
marketability of the preferred stock.
There
Net
S3
(309)
preferred
$8,511,904
their
to
,
preferred
Corp.—Earnings, etc.—
1947—6 Mos.—1946
$4,552,518
$3,200,908
3,015,084
2,562,655
288,885
Operating expenses,
warrants may be offered for sale from
lent
V<'«
THE COMMERCIAL & FINANCIAL CHRONICLE
Volume' 166 - Number 4613
28,163
18,307
24,932
8,363
50,001
27,910
67,438
6,000
6,000
192,195
12,000
742,896
30~8~465
$2,151,461
1,345,570
Southern Bell Telephone & Telegraph Co.—Earnings—
138,677
468,599
cumulative
par
..
13,621
26,705
are
outstanding .50,000 shares of 8%
$100
preferred, which is non-callable.—V. 165, p. 1110,
$1,225,417
1,345,570
income
for conting.__
discounts
Interest
—.
Miscell.
income
charges
Prov. for doubtful accts.
Prov.- for Fed.
Amount
earned
of
Earns
per
$516,584
1,345,570
1,345,570
share.
com.
$0.92
$1.60
accounts
$63,368;48b
105,650
$13,191,904 $13,210,047 $66,187,886
35,565
23,107
206,126
.
rev.-
Operating revenues— $13,156,339 $13,186,940 $65,981,760 $63,263,435
Operating expenses—
11,814,547
10,667,146
56,272,018
50,267,537
Operating
taxes—_
990,030
1,146,098
6,090,252
7,036,909
Net
receivable
income
oper.
after
—V. 166,
$0.91
$0.38
oper.
1947—5 Mos.—1946
1947—Month—1946
revenues—:
Uncollectible
Net
$1,241,915
shares
common
Period End. May 31—
Operating
on
stock
common
No.
taxes
inc.
-
$351,762
$5,958,989
4,605,864
$3,619,490
1,909,859
$1,373,696
20,563
1,103,718
charges
p. 59.
rants are as follows:
Pfd.
O.
M.
"42,262
2,000
11,000
4,000
4,000
3,200
5,500
2,500
2,500
4,500
1,200
750
1,000
—_2,000
5,000
800
600
Marshall & Co
Cleveland Corp
•The First
Morris & Bousman
Stirling,
Co._.
&
Biortn
Robinson
Frederick S.
Co
&
.Amott, Baker & Co., Inc
Martin-Holloway-Purcell
Kenneth Van Sickle, Inc
Johnson
H.
Bushinger Co
—
Goodwin, Inc
C, T. Williams & Co., Inc.—
"Includes
of
1945
1946
31,'47
Gen,
and
$4,757,843
2,551,209
$2,107 l'l
1,487,721
$7.1ifi.P5i
1,364,725
99,241
297,650
102,317
3,665
279,428
12,923
287,184
226,307
10,767
253,159
207,450
13,657
$303,128
$1,616,631
3,188
$95,181
5,514
$277,659
3,074
$1,848,975
exp.„
than
inc.-
General
profit
„
income.
U
Total
Fed.
income
Excess
of
profits
~-V.
37,112
Other
income—-
$482,258
$946,224
Net
14,353
$76,250
$50,972
165, p. 2676.
24,211
22,482
289,592
263,525
had been temporarily suspended in April, 1947, because
during the fire in that city.—V. 165, p. 2803.,
of damage to its facilities
Securities
Investment
Offered
Stock
An
-—
Co.
St.
of
Louis
—
26,800
28,027
304,066
Steinberg & Co., Stix & Co., Edward D. Jones
Scherck, Richter Co.; I. M. Simon & Co. and McCourtney-Breckenridge & Co., on June 12 offered 7,352
shares of 5% cumulative convertible preferred stock
& Co.,
$67,511
PURPOSE—Proceeds. will
the
of
poses
the
The proceeds
company.
working
which
capital of
the
the
252
$67,426
$63,023
GIVING
in
discharging
in
corporate pur¬
conjunction with
any
EFFECT
PRESENT
TO
cum.
pfd.
conv.
stock
Common
"Includes
(no
stock
($100
all
$746,849
6,672
7,637
$749,897
$754,486
-
of
in
held
shares
15,500
the
5%
company's
165,
note
Feb.
and
due
cumulative
"62,143 shs.
provide
preferred
convertible
April
$943,000 3%%
a
1956.
1,
8,161
103,716
$54,862
$646,181
$638,829
of installment
contracts
vehicles
motor
on
other
and
personal
property:
making loans
which
generally
are
secured
by
tangible ' personal property
or
receivables; making loaiis
to other
finance companies and similar business,
generally secured by! pledge
of notes, contracts and other
evidences of indebtedness or securities
and
personal
Marine
lision
-
sible
under
Insurance
100%
and
Co.), the
(in
the
fire,
theft
Fire
and
written
this
by
subsidiary,
finance
automobile
except
j
other
of
v
*■
insurance,
date
of
April
30,
1947,
the company
underwriting agreement with the underwriters (named
below); whereby the underwriters have severally agreed to purchase
from-the company an aggregate of 6,000 shares of preferred stock,
and/have the right to purchase an additional 1,352 shares of pre¬
&
prof,
Other
for a period of seven days commencing with the date of
offering.
The number of shares of preferred stock severally
agreed.ttO' be purchased and subject to be purchased are set opposite
public
names;
Net
Stix
C.
&
Steinberg
Scherck,
I.
;
.
M.
&
Co
Agreed to be
Jones &
Richter
Simon
&
U.
Fed.
S.
adm.
1,000
5O0'
Co
1945
1944
.
Total
income
Expenses
and
normal
Federal
charges.
income
surtax
Missouri
tax
Total
2.513,411
2,282,618
income
225
113
1,306,141
957,807
54,759
42,475
40,408
$329,667
$373,721
$361,836
40,665
68,304
21,570
21,791
opers.
,
$754,181
1943
$397,971
Net
Years Ended Dec.
31,——
1946
1945
1944
$273,463
161,058
$955,311
$607,772
370,235
$475,752
318,617
60,608
37,361
45.456
income
—
99,423
57,250
1,805
3,112
$62,748
$1,780,244
1,384,760
35,219
33,118
272,582
Divs.
on
expenses
32,503,036
35,132,503
ry. oper.
10.899,444
2,547,430
26,308,786
NOTES—(1)
$4,269
in
British
$43,337
$143,286
in
(2)
income
$4,655
138.119
service
of
part
the
$0.45
$27,864
in
in
1946,
1947, $3,028
representing ■'net income of the
$34,268
in
1947,
$7,285 in 1946,
,
...
and
sales
costs
of
and
rentals
which
expenses.—V.
165,
is
of
typewriters
included
in
of
and other
selling,
general
1773.
p.
Amort.
income
profits
Int:
4,689,696
$7,861,392
4,515,124
46,130
41,770
523,040
1
15,850
15,850
190,200
190,200
1,431,447
3,163,359
and
809,055
735,572
1
111,892
',
650,452
828,600
$91,419
$115,180
$1,238,723
$1,086,596
32,754
excess
debt-
deductions
5,923,692
14,537,468
solely
Drl64,654 Crl,909,491 Drl,482.385
Cr536,156
cos.
71,017
174,805
562,661
jDr91,000
76,000
Br91,000
874,027
76,080
3,680,032
1,365,598
16,818,621
5,239,334
income—
P.
RR.
interest on cer¬
fRepresenting
Mexico.
Co., of
of
solely controlled affiliated companies not credited to
P. Transportation System.
fRepresenting dividends re¬
solely controlled
affiliated companies included in net
S.
of
P.
S.
Transportation
166,
p.
Co.,
pany on
All
of
against
30,537
365,892
368,682
124,245
Crl,366
369
$60,031
$84,273
Crl2,793
13,038
$885,624
,
$704,876
surplus
which is
of this company,
owned by Southern Natural
now
to, be distributed to the stockholders' of
July 28 to holders of record July 3.
that com¬
is, about
outstanding
the
by
-
Co,, Inc.—Introductory Report—
Southern Production
Gas
charged
System
163.'
stock,
common
premium
on
common
stock
Co.
capital surplus represents cash paid in by Southern Natural Gas
The earned surplus represents actual earnings of the company
ana
its predecessor,
and
as
Calder,
Gordon
H.
dividends have been paid.
no
President,
June
on
20,
said
"It is not
in part:
stock during
that dividends will be paid on the company's
have-not established any, rpolicy, with respect so
the ' payment'of "dividends thereafter.
Such policy wi'l, of course,
depend upon the amount of net income available for dividends, the
company's financial condition, its anticipated cash requirements for
expansion and development
of its operations, and other pertinent
directors
The
factors,"
FOR YEARS
INCOME ACCOUNT
ENDED APRIL 30
1946
1945
$1,104,791
682,321
$632,608
453,100
$755,367
466,830
$422,470
610
$179,503
361
$288,537
$423,080
$179,869
$290,669
8,278
3,457
$423,080
$171,591
$287,412
1947
tax
long-term
on
564
of
from
505,300
income—i—
,
249,949
8,236,664
plant
General taxcs__—
Gross
$8,101,166
356,076
acqui¬
adjustments-
sition
Fed.
$653,121
393,560
depreciation-
cf
1947—12 Mos.—1946
$658,£'52
expenses
fbf
Prov.
176,746
2,842,433
(Or),,
net
anticipated
1947—Month—1946
May 31—
revenue:
Operating
47.102
3,116.380
adjustm't
adjust.
The stock
,
—
in' 1944
South Carolina Power Co.^Eatnmgs^Gross
23,024,081
1,617,323
System—
of
affil.
bonds
1S47.
Period End.
1,336,389
4,450,626
deduct.,
charges
income
income
276,237
$0.07
and (loss) $4,440 in 1944, representing net income
subsidiary company (conversion at official rates).
administrative
16,664,028
410,242
10,329,529
969,632
4,828,284
miscell.
fixed
income
138,119
276,237
$0.64
"
includes
company
Sales include
equipment,
ana
161,283
322.571
$1.23
1945
Canadian
7,539,545
13,547,648
—
income
paying companies,—V.
161,283
and
8,165,787
18,866,897
4,157,184
19,422
322.569
subsidiary
$5,381
the
1945,
1,954,298
3,114,237
contingent charges
tain
a
stk.
Net
21,113.823
26,030
1,885,175
income
oper.
"Excluding S.
$204,560
shr._
com.
158,431,649 175,371,624
3,858,652
(net)
Consol.
214,426'
pfd.
com.
$
196,485,347
53.341,471
5,155,617 Cr2,521,106
from
portation
25,914
236,479
Crl,421
stock
com.
Earnings per
-5 Mos.—1946.
,'
37,679,933 211,773,120
$363,627
158,132
$397,308
cum.
1947-
1947—Month—1946
oper.
fConsol.
19,304
$6
on
System Earnings
affiliated companies) *
controlled
solely
operated
43,402,480
controlled
79,337
income
Divs.
-
income,
ceived
Net
-V.
$220,359
income-
165, p. 3175.
Operating
revenue
Operating expenses and taxes
Net
Other
earnings
—.
income—
Gross
—
income
—
long-term debt
Interest on
-
...
1,783
i
1,139
-$129,689
$90,631
Net
income—,
'NOTE—As
South Porto
Rico
cost
The
the
to
directors
preferred
special
on
July
-Plans to
Sugar Co„
.
ferred Stock 4-for-l—
15
Split Up Pre-
/
2,032
advisable
on
The
*
present preferred stock has
share.
Under
shares
share.
of
the
new
drilling
and
a
four-for-one
BALANCE
split of
called
for
Nov.
3,
1947
and
supplies,
■
a
par
and
$69,204;
of $100
and four votes
$9,946;
of
on
taxes,
(after
$370,544),
payable,
$39,501; common stock
common
insurance,
reserves
for
$140,312;
etc.,
depletion,
p'«»t,
depreciation
miscellaneous
$3,231,424;
materials
$2,455;
deferred
total, $4,644,576.
LIABILITIES—Accounts
liabilities,
accounts receivable,
prepaid
investments
amortization
charges,
value
proposed split each share would be changed into
$25 par value preferred stock having one vote a
and
property
SHEET, APRIL 30, 1947
$1,191,235;
the
meeting.
a
activities resulting in deductions $or
depletion allowance the companv does *xot
prior years or the
result of
a
intangibles
ASSETS—Cash,
meeting of stockholders has been
take, action
of
anticipate any liability for Federal income taxes for
current year.
declared
stock.
proposed split and an amendment of charter
to make the change.
Sept. 16, 1947 was fixed as the record date for
determining stockholders entitled to notice of and to vote at the
28 002
575,164
30,305
163, p. 1771.
903,853
$395,292
85,711
renegot.
taxes
f-nr
—V.
$1,260,178
890,196
Net inc. of S. P. Trans¬
38,870
$713,516
from
year
Net
A
Mar. 31, '47
tax—
264,990
2,673,593
1,579,328
Adj. of prior
ACCOUNT
17,545
—
$347,142
117,214
revenues
ry.
Total
$3,984,152
taxes
*113
500
INCOME
3 Mos. End.
'
$185,021
oper.
Total
$3,654,554
exps,
Fort
225
"
-
(& Subs.)—
225
„
CONSOLIDATED
Fed.
Net
& amort.
&
451
1,000
Co
Co
$14,917,791
11,617,586
1,519,979
$3,131,869 $15,886,175
Vice-Presi¬
1946
deductions
for
Purchase
1,000
_____,
Co
McCourtney-Breckenridge &
1,214,644
income
separately
rents
Executive
and
$4,191,694
income
Prov.
Subject to
2,000
Co
—^
-Edward D.
13,411,353
219,392
charges
rev.
Total
income
Other
<
Purchased
.Mark
operating
2,565,335
206,532
$
1947
——Preferred Stock——
:
,
2,863,414
'
''
i
5,088
$3,254,967
165, p. 3175.
tConsolidated
ferred stock
underwriters'
Co.—Earnings—
1947—5 Mos.—1946
$3,136,211 $15,910,953 $14,933,038
4,342
24,778
16,147
1947—Month—1946
$3,260,055
,—
oper. ,rev._
after
$5,787,822
3,440,220
T
gen,
Net
an
,the? respective
revenues
Railway
Railway
July
on
sales-—:
of
Sell.,
•
UNDERWRITERS—Under
into
$867,647
$1,225,895
$95,930
$110,738
3175.
p.
Preferred Stock Created—
Smith & Corona Typewriters, Inc.
sales
Cost
is
'•
,
purchased by the company
companies and, with few excep¬
direct obligations of the debtor
tions, are payable in monthly installments ranging from 9 to 12.months
entered
$1,279,943
412,296
Period End. May 31—
414%
3,Mos, End. Mar. 31—
companies
am
412,296
(Incl.
Earnings—
Net
&
col¬
other types of fire and marine insurance permislaws of the states in which it operates.
All of the
the
notes
Midwestern
the
of
case
writing of automobile
and
reinsured.
The'
•
property;
Insurance
insurance
$1,636,191
34,358
pfd. stock—
Southern Pacific Co.—Transportation
3399.
p.
of
Outstdg. shs. of
.BUSINESS—Company was incorporated in Delaware
Business of company and subsidiaries is the financing
discounting
$130,288
Other
Other
AND
1918.
1,
(unsecured)
$145,096
34,358
,
income
on
Net
Airways, Inc.—Official Resigned—
(L. C.)
treasury to
The company's funded debt outstanding consists of
HISTORY
22,347
—V.
8,887
stock
subordinated
6,263
.
Railway tax accrualsEquip. & Joint facility
Slick
stock.
,
491
Net
of
Outstanding
15,500 shs.
20,000 shs.
150,000 shs.
par)
par)
shares
22,143
conversion
for
loans,
FINANCING
Authorized
5%
353
debt-
discount
Operating revenues
Operating expenses
Operating taxes
$58,539
shares
Total
CAPITALIZATION
1,773
deductions
Uncollectible
115,657
Col, Samuel C. Dunlap, III,
co-founder
dent, has resigned.—V. 165, p. 1499.
general
be used
may
company
1,773
Operating
15 approved the creation of an issue of
preferred stock, par $100, and a proposal to
change the date of the annual stockholders' meeting from the first
Thursday to the third Thursday in April each year.—V. 166, p. 59.
current.
are
252,450
148
"Net
to
be. devoted
252,450
21,037
148
debt
Southern New England Telephone
184,166
$743,225
$62,771
"84,
(net)
Prov. for depr.
<par $100) at 101 and dividends.
-
$1,556,513
21,037
long-term
of
Period End. May 31—
392,647
197,363
16,318
16,002
Thq> stockholders
Preferred
underwriting syndicate including
Mark C.
.
1,338,029
$1,898,676
ac¬
income
75,000
Seatrain Lines, Inc.—Resume Service to Texas City—
corporation on July 10 announced that it would resume service
Edgewater. N, J., and Texas City, Texas, on July 28. Service
City
[984,937
$151,965
expense,—
Net
The
Texas
158,305
$166,640
income—
on
Divs.
181,950
Simmons Co.—New 4Vs%
between
to
86,40C
614,319
130,600
315
3,811
61,837
86,400
1793,417
7,200
7,200
Other
1,107,694
289,061
income
"Loss.—V.
31,650
Acqui¬
plant
and
153,461
tax
735,895
adjustments-
Amort.
$2,876,831
1,434,252
15,644
income-
oper.
59,637
_
1947—12 Mos.—1946
$3,257,559
98,438
amort
income
3,878,038
64,930
$7,467,526
3,178,364
696,904
$8,377,364
262,217
j'
'
and
$611,620
326,873
taxes
—V. 165,
$243,680
inc
on
reserve
5, 1947,
for the
1947—12 Mos.—1946
$723,948
depreciation.
of
sition
Int.
107,286
Income deductions
net
tax,
Amort,
and Dec. 27, 1946.—V. 165,
1
Output-
week
1947—Month—1946
31—
expenses.——
for
General
cents per share
25
$264,372
:
taxes
cruals
36,352
$1,619,820
refund
income
Net
,
587,451
1,159
surtax
and
postwar
State
24,306
$100,695
7,639
$280,733
7,390
300,000
$821,299
deductions
normal
of
20,563
Retirement
Gross
Income
dividend
1947—Month—1946
...
taxes
Utility
Gross
Other
a
Prov.
usual
27, Aug. 1, Nov.
Maintenance
Federal
-
admin.
other
Taxes,
March
on
the
Operating revenues-.
1944
de¬
expense
Period End. May
Gross revenue-—!,—,
other
declared
11
and
Period End. May 31-
»40,322
and
and
Operation
sold.
ship,
livery
July
stock
the
for
Southern Indiana Gas & Electric Co. -Earnings—
$125,-
year),
one
Sierra Pacific Power Co.—Earnings—
<■
18,170
goods
Selling,
$13,373,267,
total,
within
1596.
p.
Calendar Years-
3 Mos. End.
Cost
(due
within one year, $25,000; accounts
(other than taxes on income), $114,-
accrued taxes
on
common
28, last,
Gross sales, less returns,
discts.
$177,254;
company
Balance
Company
Co. & Sub.
and
items,
to bank
due
STATEMENTS
INCOME
allowances
debit
this
Electric output of this company for the week ended July 12, 1947,
totaled 2,282,000 kwh., as compared with 2,122,000 kwh. for the corre¬
sponding week last year, an increase of 7.5%.—V. 166, p. 163.
owned),
quarterly dividend of 87'/2 cents
per share on the $3.50 cumulative convertible preference stock, series
A, both payable Aug. 1 to holders of record July 22.
A distribution
of 25 cents per share was also made on the common stock on March
agreed to sell at cost to Van Alstyne, Noel & Co. as a
Mar.
(30%
Co.
$15,553; properties, plant, and
depreciation,* depletion, etc., of $7,505,-
payable
(other)
Carbon
of
ended July
kwh., as compared with 2,320,000 kwh.
corresponding week last year, an increase of 2,2%-
current),
payrolls, $36,750;
directors
the
on
Waddell & Co., Inc., has
finder's fee.
Herrick,
which
warrants
3,600
Continental
of
for
output
2,372,000
totaled
Sharp & Dohme, Inc.—25-Cent Common Dividend—
accrued
The
330
310
300
300
100
Electric
$666,837;
Gross
400
1,000
1,000
Bond &
$16,404),
Operating
400
400
1,000
of
$1,736,291; other current assets
income, gasoline taxes, and contingencies,
(not
deferred
payable
Southern Colorado Power Co—Weekly
1947
and
accounts
accruals, $2,193-, Federal income
and
excess
profits taxes,
$701,780;
gasoline taxes, $148,205; notes
payable,
unsecured
(maturing
in
instalments
beginning in 1948),
$1,875,000; notes payable (secured), $75,000; reserve for contingencies,
$370,000; capital stock (issued and outstanding, 1,345,570 shares at
$1 each), $1,345,570; capital
surplus, $796,512; earned surplus, $7,036,617; total, $13,373,267.—V. 166, p. 2457.
333;
400
1,100
1,000
—
notes
payable, $721,307;
400
1,000
1,000
1,000
"Wyatt, Neal & Waggoner
35. R. Livingstone & Co
K. L.
1,000
1,000
1,000
1,000
——.
Co._
&
Vercoe
1,000
stock
reserve
LIABILITIES—Notes
000;
31,
notes
and
notes
inventories,
receivable
(after
682), $8,949,663;
450
400
1,000
—
$60;
capital
notes
eauipment
1,000
Co
Co
&
$60,000;
1,000
——
Ingraham & Co._
H.
It.
Furman
G.
Alester
U.
Corp
Securities
Clayton
$1,219,984;
1,503
3,000
1,500
1,500
—
interest,
MAY
current
doubtful
reserved for Federal taxes on
600
600
600
600
—;—
SHEET,
$547,625;
for
reserve
accrued
1,000
1,000
Inc..
Investment Co
George R. Cooiey & Co., Inc
ASSETS—Cash,
(after
2,550
2,400
1,700
1,600
1,510
•
2,000
Crawford Co.,
H.
"The State
BALANCE
2,000
—
Vogel & Co
H.
'tG,
Warrants
14,900
12,000
6,000
Kidder & Co
Maxwell,
A.
Shares
29,700
4,500
6,000
Inc.
Co.,
&
& Co
H. Wibbing
A.
Class A
Shares
Waddell
Herrick
stock
(paid
in),
$134,977;
taxes
and other accrued
($L par value), $1,409,212; premium
$690,788;
capital
100,000; earned surplus, $1,270,026; total,
surplus
(paid in), $1,-
$4,644,576,—V. 156, p. 262.
54
iTHE COMMERCIAL & FINANCIAL CHRONICLE
(310)
begun
—Week End,
July 7— —Jan. 1 to July 7—
1946
1947
1946
,1947
$
$
Gross
—V.
$
at
company
service
15 announced it is temporarily
Philadelphia to Houston, Tex.
July
on
from
suspending
Thomas O'Brien, President, said the move became necessary because
of the prospect of continued operating losses;
v
The
operation,—V.
107,
United Air
any
Approved—
company
as
,
to
the
certificate
of
incorporation
is¬
ment
V.
for
The
&
hearings reconvened Sept. 9
remaining
portfolio
on
Plan—
corporation's1'
chased from
cumulative preference shares by pay¬
and cash.
(See also V. 165, p. 164.)—
$3
,
securities
in
successive
Revere
ten
of
years
Terminal—
a
lumber terminal.
a
terminal
plans to erect a modern
newly-acquired property,—V. 165, p. 2319.
the
on
To Relinquish Plant in
—
F.
Goodrich
Co.
United
in
166, p. 164.
Wright, Ex-Radio Corp. of America,
Chief Engineer at United States Television--
each.
entire
sion
amount
engineering
i
20-year
2% %
sinking
exchange
Rehdy—
debentures due Aug. 1, 1966,
temporary debentures at the
Chemical Bank & Trust Co., 165 Broadway, New York, N. Y.—V. 165,
available
now
2458.
p.
in
fund
for
'
p.
3329.
on
of
stock at $57 per
common
$1,25.—V. 165,
p.
share net.
Dealers discount
3175.
Textron
is
"improbable," Royal; Little,
See V. 165, p. 3399.
'
holders.
President, has
advised
C..
Anderson
has
been
617; total, $13,373,267.—V. 166,
p.
V.
Lawrence
has
been
Research
of
elected
a
member
of
the
board
of
Mr. Lawrence is Executive Vice-President of The Lawrence
of
corporations,
a
N. Y., and an officer in associated real estate
director of the Davis & Lawrence Co., manufacturing
—V.
165,
2804.
p,
■
directors
per-share
on
the
and
common
SX "**■«? on
AuSv15A° ^lders <>f'record July
were disbursed
24.
Like amounts
May 15, last. With the 25 cents paid on Feb. 15,
total dividends paid or payable so far this
year will amount to $1.25
per share, as compared with $1 in 1946.—V.
165, p. 2180.
Tucker
Corp.—Common
Offering
Date
to
Be
An¬
nounced in Few Days—
Floyd D. Cerf Co., Inc., of Chicago, has announced that pending
on Blue Sky applications
in a few remaining important states
including Michigan^ the announcement of the official offering date of
action
class A
common stock will be made in the next few
days.
The issue is already legal for public sales in the District
of Columbia
and the following states:
Wisconsin, Ohio, New York, Minnesota, Colo¬
rado, Connecticut, Delaware, Florida, Georgia, Illinois,
Indiana, Ken¬
tucky, Maryland, Massachusetts, Missouri, New Jersey,
Nevada, North
Dakota,
Rhode
Island,. South
Carolina,
Utah,
Virginia,
Nebraska,
Louisiana, South Dakota, Pennsylvania, Tennessee, Arizona and Wash¬
ington,
Applications were pending in the following states as of July
California, Kansas, Maine/ Michigan and Texas.—V. 166, p. 164.
12-
directors
dividend
last,
the
a
first
cleared
—V.
July 11 deferred action until about Oct. l on the
preference stock, no par value.
On July 1,
distribution of 20 cents per share was made on this issue,
on
the
since
up
on
all
80-cent
Dec,
14,
1946,
arrearages on
when
a
like
the stock to
amount
and
was
paid
which
Including Nov. 1. 1946.
165, p. 3060,
Union Electric Railway—Abandonment—
The ICC
July 2 issued a certificate permitting abandonment by
the company of its entire line of railroad,
extending from Nowata,
~>kla., to Parsons, Kah., approximately 77 miles, all In Nowata County,
kla., and Montgomery and Labette Counties, Kan.
The
road
on
in
question is electrically operated.
Its construction
was
8,000
,
1944"
\
Br5,855
(net)
..
-
...
t
;
axe'i
Dr 1,508
..V
$846,236
__
Income
* 6,583
$445,'29l
.
Incop^jbefore Federal
Federal
"
5,92?
8,855
$1,821,017. " $419,116
Cr25,112
Brl4,854
$852,091
•;v,
taxes—
MinoriW;interest___—_
Provis^flor conting__
Net^ftcome
—v.
Iro;
.
343,409. J
" 1,157
.
185,000
-
$443,784
$404,202.
$1,846,129 ;•
747,922
2,246
173,026;
200,604
—
$316,669
•
$270,757
$203,658
$1,095,960
97.
P.
■fifc:'"
VlRientes-Camaffuey Sugar Co. of Cuba—Secondary
OffWSSrg—Shields & Co, on July 15 made a secondary
offering of 30,100 shares of common stock, at $15 7/a per'
shiB&et. Dealers Discount 700,—V. 165, p. 1638.
Chemical
July 10 filed
a
Works—Registers with SEC—
July 15 filed a registration statement with the SEC
($100 par) 3%%
cumulative preferred stock,
7§jeyies, Underwriter, F. Eberstadt & Co., New York, Proceeds
ised to increase production facilities at Mt. Pleasant, Tenn.,
any on
40,000
registration statement with the SEC
shares
plantjarid for construction of
new
.
plant.—V. 165, p. 3400.
l^plnia Dare Stores Corp., N, Yw—Files with SEC-—
*
11 filed a letter; of notification with the SEC'
.The-'-company on July
coveatog" 15,000 shares of common stock to be sold at market on behairwE'Bldney M. Netzorg, President. The shares will be sold through '
brokers* and
dealers whose names will be supplied by amendment..
Stockdale has been elected President to succeed the late
165, p. 3400.
.
*
164.
—V.fI66,p.
'
..
profits
165,
p.
The
Bankers
Trust
Co.,
New
York,
N.
TheiSonlpany
Y., has been appointed
$1.—V. 157, p. 559,
12,000
for
on
shares
Underwriters
a
Co.—Debentures Offered—Paine,
Colony Trust Co., Boston7 Mass:,, trustee. Entitled to
of a fixed sinking fund designed to,retire $2,250,000 of
prior to maturity at rate of $125,000 per annum for years
1948-1957, inclusive, and $250,000 per annum for years 1958-1961,
15.
,
,
.
■'
,
use the net proceeds first, to pay
contemporaneously with the issue of the debentures, the
$1,000,000' remaining uhpaid on the 5-year 2tfe % serial bank loan
obtained from First National Bank of Boston together with the premium
of $16,000 payable on such prepayment and interest from July 2, 1947
to the date of payment (the proceeds of this 2%% bank loan were
Used together with other funds to repay a larger loan obtained by
the company from the same bank in connection, with thex acquisition
of the stock of Morse Twist Drill & Machine Co.); second,
to pay
full,
additional,
Federal
income
and
respect to the years 1941 arid
excess
profits
taxes
July 14 filed a letter of notification with the SEC
Par) preferred stock to be offered at par.
& Co.; Howard Labouisse Friedrichs &
($25
:
year.—W; 166, P.. 97-
assessed : with
1842 in the aggregate amount including
'
•
Wbeeler-Osgood Co^—Secondary Offering—Sills, Min-ton & Co. on
July 7 made a secondary offering of 14,20(1
shares of 500 convertible
per
preferred stock (par $5) at $11
share, with a commission of 75 cents.—V. 165, p. 2716.
Bank of
Co.—Registrar—
■
s
the City of New York has been ap¬
pointed registrar of the common
stock, $10 par value.—V. 165,. p. 3329*
Wisconsin Electric Power
Chase
The
Old
PURPOSE—Company intends to
in
.
Western Ry. of Alabama—Declares Smaller Dividend
The^directors on July 15 declared a cash dividend of $2 per share
on
tOT^fcapital stock, payable Aug. 1 to holders of record July 25.
This compares with $2.50 per share paid on Aug. 1 and Dec. 12, last
issue
inclusive.
'
capites
Web¬
benefits
the
''
,
ber, Jackson & Curtis on July 17 offered $2,500,000 15year sinking fund 3% debentures at 100 and int. (from
July 15).
' '
Dated July 15, 1947; due July 15, 1962.
Interest payable Jan. and
the
,1
D'Antoni
are
,
Norman
,
"W^ll
Arnold; Woolfolk, Huggins & Shober; Kohlmeyer, NewburgeF& Co. all of New Orleans. Proceeds will be used for operating
certificate permitting abandonment by
the receiver of the entire line of railroad extending from Ogden to
Preston
approximately 94.7 miles, including two branch lines, one
from Harrisville to the end of the branch at Warren, 8 miles, known
as the Plain City branch, and
the other froiri Lewiston to its terminus
at Thain, 12 miles, known as the Quinney branch, all in Weber; Box
Elder, and Cache Counties, Utah, and Franklin County, Idaho.- On
Dec.
19
1946, the U. S. District Court for the District of Utah
appointed S. J. Quiriney receiver of the carrier and its properties.—
V. 150, p. 3992.
\ - :
:
Van
,
Co.;
RR.—Abandonment—
ICC on June 20 issued
1^, p. 3217.
Wembley, Inc., New Orleans, La.—Files with SEC-^-
Ltd.—Transfer Agent—
agent for the common stock, par
-
—
■
3.5%—
1947—Month—1946
1947—6 Mos.—1946
$12,219,308 $11,811,293 $73,152,561 $67,487,513
End. June 30—
SalesIrL
$2,576,405
2046.
Utah Idaho Central
The
Pesid
1947—26 Wks.—1946
$2,092,418
—V.
Upper Canada Mines,
transfer
$1,641,899
$1,335,875
—.
Walgreen Co.—June Sales Up
Subs.)—Earnings—
1947—13 Wks.—1946
Period End. May 3-
July
Tung-Sol Lamp Works, Inc.—Defers Preference Div.—The
1945
.
on
July 11 declared an extra dividend of" 25 cents
the regular quarterly dividend of 25
cents per share
stock, both payable, less Wisconsin Privilege Dividend
*
,
$6,690,520 $17,331,506 $12,108,558 $12,081,193 •'
5,091,495
13,647,228 i 10,646,842
10,671,370
738,933 * 1,854,405
1,036,676
957,954
,
-
Non-opei;.^fricome
with
Universal Pictures Co., Inc. (&
—V.
Trane Co.—Extra Distribution of 25 Cents—
1946
$6,787,782 $17,611,729 $12,248,392 $12,223,076 >
97,262
280,222 "
139,833
141,876
Provis^n for bad debts
Walter H. Baker.—V.
Net
The
April 26,'47
Nellies
\
Edward L.
■
125,000,
Co.,
pharmacists, Dobbs Perry, N. Y.,
and also a trustee of Sarah Lawrence
College and Vice-President of The Children's Village, Dobbs Perry, N. Y.
:
Cost of^goods sold
8ellinf&Ap;;'ttdihin; exps._
Universal-Cyclops Steel Corp.—New President-
investing
Bronxville,
■
>
—-Years Ended December 31
Period End.
Cash^lieounts
Inc., New York. The underwriter will be granted warrants
to purchase 50,000 shares of common at $5 a share.
Proceeds will
be used for additional working capital.—V. 164, p. 3337.
&
164.
125,000
125,000
|). 473.
Corp.—Registers
Specialty
&
■■
INCOME STATEMENT (COMPANY—MORSE)
-^2 7,
-
Author'd >
by the United Traction..—V. 160,
used
■
Gross^sales, less returns,
covering- 75,000 shares ($10 par) 5% cumulative convertible preferred
stock to be offered at $10 per share.
Underwriter, Herrick, waddell
,
y. trustees.
Co.
Utilities
The company on
Vice-President
Title Guarantee & Trust Co., N. Y.—New Trustee—
William
United
*
125,000,
.
lJ——'
.
M.,. Inc., Cohoes .Railway and Capitol Railway. •
inactive companies the Commission said, but they
are
.
—
-
•
W.
certain franchises
SEC—
elected
1.
r
stock-
Thermoid Co.—New Vice-President—
Harold
L.
K.
Co.,
latter two
own
!
••
.
.
.
The
The proposed acquisition by this corporation of The Mills
Equipment
Co. Ltd. of London,
England, on terms satisfactory to directors of
'■
Stein^Brog. & Boycei..-.^..
The System, which operates bus lines in Albany and surrounding
territory, Was authorized July 11 by. the New York P.f S. Commission
to
merge
four wholly owned subsidiaries into the-parent, United,
Traction Co.
Subsidiaries affected are Capitol District Transporta¬
tion
Textron, Inc.—May Not Acquire English Firm—
•;
Riter& "Cd;—-
Now
.
•
#
the principal 'purchase are aa
^
•
Wright, former manager of the televi¬
section of the Radio. Corp, of America, as
United Traction Co., Albany, N. Y.—Merger
Co.—Secondary Offering—Blyth & Co., Inc.,
July 15 made a secondary offering of 29,04a shares '
'
to
-
v
Sun Oil
'
agreed
First Southwest Company
Reynolds & Co.
RCA, Mr. Wright is recognized as one of the foremost contributors
the engineering of television sets for the public.
Several of
the latest developments in improving television reception are to his
credit.
He is the author of several technical papers; oh- television re¬
ceiver engineering which have been published in scientific publications.
During the war he was in charge of RCA's airborne television product
design for the Armed Fcrces,. a project which, produced almost all
of the needs of the Armed Forces in this regard.
United States Television was first to produce large-screen projection
type television receivers. Of this type of television sets, 95% of those
in public places are UST models.
The 475 square inch picture is the
largest on any television set now beipg produced, and the set# is in .
great demand by hotels, - bars, arid restaurants because it allows the
greatest number of spectators to' see a television program,—V.' 165; '
.
has
each
1
specifications.
of the Underwriters and
names
at
Morgan Stanley & Co. and Harriman Ripley & Co., Inc., New York. AH
of the proceeds will go to the estate of Nathaniel Stevens, owner
pf- the shares.—V. 166, p. 163.
>
; . • ,(i.
customers*
to
which
——
Engineer of United States Television Mfg. Corp., has been an¬
by Hamilton Hoge, UST President., Mr. Wright was with the
engineering staff of RCA for 19 years. ;
Responsible for engineering television receivers for mass production
(J.-P.) Stevens & Co., Inc.—Registers with SEC—
Definite
according
debentures
'
Chief
The company on July 14 filed a registration statement with the SEC
covering 200,000 shares ($15 par) capital stock.
Underwriters are
all industriea
Paine," Webber, Jackson & Curtis-^-i——.—$1,200,000
Estabropk & Co.»
300,000
Hornbiow6f & Weeks_
250,000
Laurence Mi Marks & Co.__
250,000
nounced
.
,
generally used for manual and low speed produc¬
high speed steel are used in mass production' and
Morse produces a regular line
as
well as a
substantial quantity of special tools
follows:
toward
are
of-
of Antony
appointment
receiver
It is engaged
metal cutting
and must be replaced;
use
operating at high speeds.
bothxtvarieties
"
The
about
with
out
worn
are
UNpiRWRITERS—The
States Television Mfg. Corp.—Sales Up—
Antony
are
•
manufaMured
At the annual stockholders' meeting June 24, Hamilton Hoge, Presi¬
dent, said that sales figures in the second, or June quarter of 1947,
are up substantially over sales for the first quarter of 1947.
He also said that results for the'first three weeks in June were
the most successful of any similar period in the company's history.
He said that up to this time, the television industry has only scratched
the surface of the vary large sales demand that appears to exist.
.
which
whHefetools of
machines
of
above.—V.
manufacturers.
:
carbon :eteel
tion
California and Operate Texas Plant—
Trust
Sun ChemicalCorp.—Definitive Debentures
other
type manufactured by Morse are used by
whfch.. precision metal cutting is, involved.
of
United States Rubber Co.
16%,"
—-
The ^principal, products manufactured
by Morse include drills, taps,,'
dies.-reaafters and cutters. Morse also produces plug and ring gauges*
tungsten. carbide cutting
tools, arbors,
chucks,
sockets, sleeves, v
counterbjores, mandrels and taper pins. The principal tools produced
by Morse, are of two basic types, those manufactured from carbon
steel arid those manufactured from so-called high speed steels.
Tools'
,
understood that the United Fruit Co.
It is
banana
38
—
Tools of the
in
wholly-owned subsidiary, has pur¬
feet of land adjoining the refinery in Charles-
Refinery,
46%
machinery
Morse Was incorporated in Massachusetts Oct.
8, 1864.
the: business of > manufacturing and selling precision
periodically,
town, Mass., from Wiggin Terminals Inc., which had used the property
See B.
terms
Sugar
chased 850,000v square
project contemplates an investment by The Mutual Life
$3,000,000. The title will be insured by the Title Guarantee
Co; of New York City.
The development, which is expected to be
completed within 12 to 14
months, includes a four-story, steel-frame research laboratory divided
into wings for chemical and biological research and for
administration,
as well as complementary buildings.—V.
166, p. 163.
of
of
ordered
its
,
166, p. 164.
The
York.
six
has
retire
United Fruit Co.—Subsidiary Buys
y / Construction of a new laboratory for the Sterling-Winthrop Research
institute, a division of Sterling Drug Inc., at East Greenbush, N. Y.,
near Rensselaer, will start
immediately as the result of an agreement,
announced on July 12, between
Sterling and The Mutual Life Insurance
lease
service
and
Norw&iLCo. in 1943. The products manufactured include column-type
milling machines for general production work, universal milling ma-,
chines for .general production work and die,pattern and tool work;
oscillating grinders for grinding the spherical curvature in ball ana.
rolldf bearing rings; and machines and tools for the repair of auto¬
motive units and internal combustion engines.
The automotive repair
equipment; includes boring machines for the reconditioning of cylin-;ders; valve refacers and reseaters; piston grinders; clutch plate grind-,
ers; "crankshaft regrinders;
surface grinders; brake drum lathes and
grinders; and brake shoe grinders.
Castings, electric motors and many small parts used in the company!s .products are not manufactured by the company but are pur-,
tools-of the type
Laboratory to Be Financed by Insurance Firm—
New
SEC
was
^he agreement provides for The Mutual Life to purchase from
Sterling a 21-acre tract of land and to finance the construction of
the laboratory.
The development will be leased back to Sterling for
a 30-year term, with the tenant
having the privilege of renewing the
Automatic rePair
"Cutting'tools
Machine tools
^
the
week
Construction of New Research
—
$2,500,000
400,000 shs.
The company Was organized in Massachusetts May 8, 1912 Under
name Van Norman Machine Tool Co,
which was changed to Van
„
agents in the sale.
Sterling Drug Inc.
of
the
The
filed on
July 11 in connection with the exchange of two shares of capital
stock, of $1 par value, in exchange for each present share of capital
stock, of no par value.—V. 166, p. 163.
Co.
£
£
passenger
plan to
Spencer Kellogg & Sons, Inc.—Split-Up Effective—
amendment
debentures,
divided between these three lines approximately as follows:
of United Air Lines in
period June 13 through
Mainliners flew an estimated 28,815,000
company's
Outstanding1
Authorized
3%
$2,500,000
Common stock ($2.50 par)
;
360,000 shs.
HISTORY AND BUSINESS—Company and its subsidiary, Morse
Twist Drill & Machine Co., manufacture and sell three main lines
of products/ Current shipments of the two companies combined are
passenger traffic
chalked up during the
was
the
for
FINANCING
QIVING EFFECT TO PRESENT
v
15-year sinking fund
due July l5,1962_
Nowata
United Corp.—SEC Sets Sept. 9 for Hearing on
as
An
from
miles, it was announced by Harold Crary, ViceMr. Crary said this was a 12% increase
ending May 29 and a 7% jump over the week ending
June 6.
In
addition, on June 15, the company flew the greatest
number of revenue passenger miles
during any single 24-hour period
In the
history of United—4,606,800, he reported.—V. 166, p. 164.
J All of the outstanding first mortgage bonds, V/e.% series, due May 1,
1975, were Called for redemption on July 19, 1947, at 105% and
interest, payment to be made at Republic National Bank of Dallas,
Texas, trustee.—V. 162, p. 2686.
_
when
19
over
RaUscher, Pierce & Co.,
Dallas, acted
the present company,
who had purchased them
President—traffic and sales.
has placed privately
an
by
north
extends
Lines, Inc.—Record Passenger Traffic—.
record
week
one
revenue
Southwestern Electric Service Co.—Bonds Placed Pri¬
vately—Refunding—The
all-time
June
July 7 approved company's proposal to issue privately
its, notes, each maturing not more than nine months after the date
of issue, up to an aggregate amount of
$175,000, inclusive of presently
outstanding notes, consisting of two six-month notes, Issued to a bank
and aggregating $65,000.
The issuance of additional notes is for the
stated purpose of temporarily financing
part of the company's con¬
struction requirements,—V. 161, p. 2041.
on
with the Massachusetts Mutual Life Insurance Co.
sue of
$2,250,000 25-year bonds.
line
—
An
Southern Utah Power Co—Notes
The SEC
,
The
in Kansas.
operates
2194.
p.
sale,
Approximately 21 miles of the line 5s in Oklahoma and the remainder
vessels rented from the Maritime
Commission, said it is negotiating to buy its own ships to resume
the run but estimates it will take at least 90 days to put them in
which
company,
foreclosure
and the balance for
$789,500;
approximately
of
CAPITALIZATION
through
Delaware, Lenapah, and South Coffeyville to Coffeyville, and thence
over
a
rather circuitous westerly, thence northerly, thence easterly
route
through Dearing, Jefferson, Grabham,
and Independence to'
Cherry vale, and thence in a northeasterly and easterly direction
through Dennis to Parsons. • The stations named from Nowata through
South Coffeyville are in Oklahoma and the remainder are in Kansas.
Southern Steamship Co.—Suspends Service—
The
.
Weekly
line
erties about 1927 and they were acquired
in 1937 from certain bondholders' committees
$
additional
working capital.
about' 1904 by the Kansas Union Traction Co.
That concern
reorganized as the Union Traction Co. in 1906, which completed
that exists today.
A receiver was appointed for the prop¬
the
4,993,214 148,801,224 137,795,410
4,170,005
earnings—
166, p. 163.
interest,
was
Southern Ry.- -Estimated Gross Earnings—
Perlod—
Monday, July, 21, 1947
,
National
Wright Aeronautical
Corp.—To Vote on Sale—
special meeting to. be held on July 30 in lieu of the annual
'the stockholders will vote on approving the sale price of
$3 200,000 for the Paterson, N. J., plants.
It had been previously an¬
nounced that the special meeting would be held on July 15 (this 'date
was- changed) .—V,
165, p. 2843.At
-
a
meeting
1
Wyandotte Chemicals Corp.—Expansion Delayed—
corporation, originally
The
$25,000
expansion program of this
announced a year ago, has been delayed by
equipment
on
the-dates
Vice-Priesident.
Cost- of: the
.
promised,
■
has been "'materially increased"
he said.—V. 157, p. 176.
program
origiiml estimate,
the inability to obtain
according to William F. Torrey,,
:'-y
beyond the
1
vfi*?
'
'
t
>1
-M'vf-'Ov>;vr
Number 4613
Volume 166
r
f
,THE COMMERCIAL & FINANCIAL CHRONICLE '-
•
"iras.sr,' »4
55
.
'
State and
City Department
BOND PROPOSALS AND NEGOTIATIONS
Fresno
ARIZONA
No.
(P.
3
O.
interest
school
bonds.
Dated
July 1, 1947. Denomination $1,000.
Due July 1, as follows: $9,000 from
1948 to 1957 inclusive, and $3,000
in
1958.
Bidder to
the rate
name
of interest. Interest J-J. Purchaser
to furnish and pay for the print¬
ing of the bonds. Certified copy
transcript of proceedings will
be- furnished
the
purchaser in
order to permit his attorney to
pass on the legality of the bonds.
of
A
certified
amount
check
of
the
for
5%
of the
bid,
payable to
County Treasurer, is
order of the
required.
Bond
Ariz.
$10,000
—
The
$15,000
166,
v.
15—
98—were awarded to the
p.
Second.high bid of 100.109
$10,000 21/2s and $5,000 83/4s
for
made
was
National
by the Bank of America
Trust
ciation.
V;
&
Bond
the
Bank
36,000 Winton Elementary School
District
bonds.
Due
$2,000
from
tion
School District bonds offered for
on
elusive.
July 8;
were
awarded
of ^America
043,
to
2.11%,
the1 bonds
on
of
about
to
bonds
offered
3330—were
composed
$100,000 school
July 7—v. 165, p.
awarded
of
to
a
Bosworth,
group
Sullivan
&,
Co., Peters, Writer & Christensen, both of Denver, and Henry
Dahlberg & Co., of Tucson, at a
price of
par, a
net interest cost of
'about
2.346%, as follows: $20,000
Is, due on July 1 from 1948 to
1951 inclusive; $15,000
l%s, due
on
July 1 from 1952 to 1954 in¬
clusive; $10,000 13M due on July
1 in 1955 and
1956; $15,000 2s, due
July 1 from 1957 to 1959 in¬
clusive; $20,000 2*4s, due on July
on
1 from 1960 to 1963
$20,000 2V2S, due
1964 to
inclusive, and
July 1 from
on
1967 inclusive.
will also bear
an
The bonds
interest rate of
3%%
from date of issue, July 1,
1947, to Jan. 1,1949/Boetteher &
Refsnes, Ely, Beck & Co.,
in joint account, were second
high
bidders, offering to take the bonds
issue,
order of the
Chairman of Board of Supervisors,
payable
divided
as
net interest cost of 2.509%,
a
ARKANSAS
$80,000
Herndon School District bonds of¬
fered for sale/at the same
time,
awarded" to
were
Staats
Co.,
the
Qf ;>Los
William
R
and
Redfield &
Co., of Pasadena, at a
price of 100.086, a net interest cost
Calif.
..
500,000
school' bonds
of
$2,-
offered
Bond
water
Sale
Little
Bond
Rock),
Secretary,
issue
of
struction
L.
p.m.
$150,000
bonds.
Watson,
will
public auction at 2
an
Ark.
Offering —J.
District
Special
O.
sell
on
at
Aug 5
1%%
con¬
Dated
July 1,
follows: $5,000
1947. Due Jan. 1, as
from 1949 to 1955
inclusive; $15,000 in 1956, and
$50,000 in 1957
and 1958. Callable at
par and ac¬
crued
cal
interest, in inverse
order,
1953.
on
Interest
and
after
J-J.
A
numeri¬
Jan.
1,
certified
check for
$3,000, payable to order
district, is required. Legal¬
of the
ity
'
to
be approved by Wallace
Townsend of Little Rock. District
Trust Co., of San Francisco
Northern Trust Co., of Chicago
Weeden
Bond
will
•
*
be
Offering
received
—
Agnew & Co., both of San Fran
cisco, as 1.20s, at a price of 100.1
002, a basis of about 1.19%. Dated
June 9, 1947.
These bonds
due
are
$250,000 June 9, 1948 to 1957. The
next
of
highest bidder
America
was
National
the Bank
Trust
&
Savings Association, San Fran¬
cisco, National City Bank, New
York, Anglo-California Nation a
Bank, San Francisco, Harris Trust
& Savings Bank,
Chicago, Cali¬
fornia Bank,. Los Angeles, R. H
Co., and Security Trust
Savings Bank,
San ' Diego
jointly, for *1 V4s, at a price 0$
&
until
10
100.111.
•
Lake
Bond
will
District
(P.
O.
Offering
—
received
be
Sealed
until
bids
10
a.m.
July 25, by.Thos. L. Garner,
County Clerk, for the purchase of
$25,000 school bonds. Denomina¬
Due
Sept.
Sept. 1, as fol¬
lows: $7,000 in
1950, $8,000, 1951
to 1956, $9,000, 1957 to
1962, $10,000, 1963 to 1965, and $12,000 in
-1966.
Principal and interest pay¬
1,! 1947,
Due
able at the
fice.
on
County Treasurer's of¬
These bonds
by the voters at
on
May 9.
mitted
to
were
an
approved
election held
Bidders will be
specify
different
of interest and to
split
bonds.
in
$1,000. Dated Aug. 1, 1947.
Aug. 1, as follows: $2,000
1948 to 1952, and $3,000 in 1953
to
1957.
on
Bidders to
the rate
name
A certified check for $1,-
Sealed bids
—
until
11
a.m.
on
5%, payable J-J.
De¬
$1,000. Dated July 1,
1947. Due $2,000 from July 1, 1948
to
1967
inclusive.
thorized at
an
Issue
election
on
was
au¬
June 10.
Legality approved by O'Melveny
& Myers of Los Angeles.
San
rates of interest to be
expressed
a
multiple of y4 of 1%. Prin¬
cipal and interest (J-J) payable
at County Treasurer's office.
Legal
opinion of Orrick, Dahlquist, Neff,
Brown &
cisco
Offering—W.H.Augustus,
11
a.m.
'the purchase of
July 29 for
$42,000 not to ex¬
on
interest
school
Sale-—The
Dated June 16,
1947. De¬
$1,000. These bonds
$1,000 on June 16 from
1948 to 1960, inclusive.
Interest
payable J-J.
due
are
multiple of V4 of 1%.
a
(P. O. Ventura), Calif.
—
166,
the
204—were
p.
irrespective
maturities of the bonds.
and
interest-
of
the
election
an
Purchaser
will
furnish his
par.
$20,000
at
Sept. 15 from 1948 to
high bid of
for
iy2s was made by
own
be
May
on
16.
required to
legal opinion. A
Cruz Ctunty Sch. Dists.
(P. O. Santa Cruz), Calif.
County Treasurer's office.
Bond
No bid
for 10% of the amount of the bid
is required.
'-r
Offering
County JSchool Districts
(P. O. Merced), Calif.
Bond Offering—R.
W.
Cothran,
County Clerk, will receive sealed
bids
the
until
11
purchase
500, payable to the County Treas¬
exceed
urer, must accompany the bid.
as
a.m.
on
July 21 for
of. $356,000
not
to
5% interest bonds, divided
follows:
H.
E.
Miller,
County Clerk, will receive sealed
bids until 2 p.m. (PST) on July 22
for the purchase of
$1,144,000 not
to
exceed
5%
..
Merced
—
interest coupon or
construction
bonds,
as
1948
to
certified
payable
on
1962
1
from
for
order
of
—
A
Paine,
of
Curtis,
-
Authority (P. O.
Chicago), III.
Offering Scheduled—It is
Transit
that
the
Directors
of
the
Authority have scheduled Aug^ 5,
as
the tentative date for ccnsid-
$105,000,000 rev¬
the purchase of
the Chicago street car and ele¬
vated lines. As it is now planned,
bids
ering
on
bonds
enue
for
will consist of $40,000,-
serials, due 1953-72, and $65,000,000 terms, due July 1, 1978,
$30,000 school
July 15—v. 166, p.
98—were awarded to the City Na¬
tional Bank & Trust Co., of Danbury,
495,
a
July
as 1.40s, at a price of 100.basis of about 1.34%. Dated
1, 1947 and due on Oct. 1
1.65s
to
1947
inclusive.
1966
bid of 100.163 for
made by Day, Stoddard
high
was
& Williams.
The
proposed offering is subject
action B bondholders of
Chicago Railways Co. may take
an appeal in their suit in the
Supreme^
said
to
have
issuance of $85,000
bonds.
Bonds Voted—At an election on
1 the voters authorized an
of
$70,000
construction
bonds.
Town
O.
Drainage
Bonds Voted—At
an
election
on
ment
bonds.
due
Dated
serially
on
Aug.
Aug.
1948 to 1977 inclusive.
1,
1947
1 from
Chicago, are offer¬
due June 30, as follows:
$2,000
$3,000 in 1950 to 1953,
$4,000 in 1954 to 1962, and $5,000
in 1963 to 1967.
Principal and in¬
terest payable at the American
National Bank & Trust Co., Chi¬
1949,
cago.
These bonds are direct gen¬
of the entire dis¬
eral obligations
trict, payable from unlimited ad
valorem taxes levied against all
property
located
Legality to be approved
taxable
therein.
the voters authorized an
of $65,000 water improve¬
issue
for
ing an issue of $75,000 school
building bonds.
Dated Jure 30,
1947. Denom. $1,000. These bonds
the
Fla.
1
July
and
District
Town),
Indian
deadline
County School District
109 (P. O. Justice
Vick & Co., of
in
Eagle Lake School District (P. O.
Bartow), Polk County, Fla.
Martin County,
Court,
which is July 21.
are
Indian
designated
paying agent.
Park), III.
Offered—M. B.
FLORIDA
issue
n
Bonds Publicly
improvement
July
b e e
on
Del.
are
otfv
on
what
to
No.
Bonds Voted—At a recent elec¬
voters
has
Chicago
Cook
the
maturity,
trustee and Chicago
DELAWARE
tion
of
1, 1958, at premiums
ranging from 5% down.
The
First
National
Bank
of
■
-
Smyrna,
whole after July 1,
in part, in
callable
order
July
after
offered
as,a
Also
1950.
Sale—The
Bond
bonds
A
County Treasurer, is required.
Bond
inverse
$1,000,
of
the
inclusive.
check
to
July
Offered
Commerce
Bank
&
St.
Louts,
Braun, Bosworth & Co., Inc., To¬
ledo, and Lee Higginson Corp., of
recently made
public
Chicago,
offering of $480,000 3%
school
bonds.
Dated July 1, 1947.
De¬
nomination $1,000.
Due Dec, 1,
as follows: $5,000 in 1948; $15,000
in 1949 and 1950; $20,000,
1951
and 1952; $25,000,
1953; $20,000,
1954 and 1955; $25,000, 1956 and
1958, inclusive; $35,000, 1959 . to
1961,
inclusive;
$25,000,
1962;
$40,000,; 1963; $35,000 in 1964 and
1965, and $25,000 in 1966.
The
bonds
are
part of an issue of
$780,000 authorised at ah elec-'
tion on June 24.
Principal and
interest
(J-D)
payable at the
Harris
Trust
&
Savings Bank/
Chicago. Legality to be approved
by Chapman & Cutler of Chicago.
callable
CONNECTICUT
(P.
$1,000
Publicly
composed
Jackson &
Mercantile
Trust
Co,,
Webber,
Chicago,
the issue
$15,000 Scotts Valley Union Ele¬
Due
$35,000,-
000
follows:
mentary School District bonds.
Bonds
syndicate
100.117
■Santa
the
is to be for less than par' and ac¬
crued interest.
A certified check
to
as
on
author¬
were
total
its
ILLINOIS
1958 inclusive. Second
required.
Principal
payable
15—
awarded
iy4s, at a price of
Dated Sept. 15, 1947 and due
County
cause
exceed
Township High School
District No. 110 (P. O.
Carmi), III.
stated
The $220,000 con¬
struction bonds offered July
v.
not
to
Carmi
Chicago
Bohd Sale
will
as
000.
County, Pleasant Valley
Elementary School District
County Treas¬
office. Bonds
1951
indebtedness
Ventura
civic
.
im¬
nomination
Interest J-J. Principal and inter¬
est payable at the
at
$13,000
& Savings Association, of
San,.Francisco, as 23/4s, at a price
of
100.853,
a
basis
of
about
Second
urer's
suc¬
Trust
from
$3,000 in 1966 and 1967.^ Rate
rates of interest to be
ex¬
ized
the
provement of 1947 bonds offered
for sale on July 8 were awarded
to the Bank of America National
and
pressed in
furnished
Brookfield, Conn.
County Clerk, will receive sealed
bids until
or
be
Sonora, Calif.
Bond
Calif.
5%
Herrington of San Fran¬
will
cessful bidder.
Elementary Sch. Dist.
Redwood City),
Mateo County,
O.
San
Bond
dated July
are
Weeden & Co.
Pedro
(P.
April 30.
in
Interest rate is not
exceed
Authority — President
signed on July 15 a bill
authorizing the territory to issue
public improvement bonds in such
amounts during the years 1947-
cer¬
1, 1947. Denomination $1,000. Rate
or
(Territory of)
Bond
Truman
of
All of the bonds
22, by B. J. Smith, County
Clerk, for the purchase of $40,000
nomination
HAWAII
Hawaii
from
authorized at ah election
on
July
to
1
were
approved the
split rates
York City.
$8,000, pay¬
the County
Treasurer, is required. Bonds
certified check for $1,000, payable
to
O.
Fla.
the Chase National Bank of New
for
order
to order of the Chairman of Board
of Supervisors, is
a multiple of y4 of
Bidders will be permitted to
bid different rates of interest and
(P.
1
Bond Call—Refunding bonds of
1938, Nos. 197 to 206, have been
called for payment oh Aug. 15,
1947, at either the St. Augustine
National Bank, St. Augustine, or
bonds.
July
on
check
1%.
rates, irre¬
will be received
District
to
of interest in
rates
spective of the maturities of said
the
Calif.
school bonds.
$50,000
2.608%.
Offering
registered
per¬
Only
for
County, Laurel School
District (P. O. Santa Ana),
Bond
June 20.
on
able
bonds,
Dated July 1, 1947, Denomination
$1,000. Due July 1, as follows:
$2,000 from 1948 to 1965 inclusive,
County, Lakeport Union
School
tion
school
bonds.
Interest
rate, is not to exceed 5%, payable
M-S. Denom. $1,000. Dated
inclusive.
submitted
was
Orange
ceed
a.m.
on
bid
.
July 22, by G. W;
Wade, County Clerk, for the pur¬
chase of $151,000
coupon or reg¬
(PST)
2y4s,
1965 to 1981
of
Moulton &
on
Sealed bids
istered
;
Bank, of Portland
Co.;
and
Shuman
&
Lakeport), Calif.
Calif.
!
inclusive, and
due on June 15
bonds and, in addition to the Bank
ican
CALIFORNIA
Oakland),
$1,190,000
on July 14 was awarded to a
syndicate composed of the Amer¬
will pay the expenses of the
issue,
District (P. O.
15 from 1957 to 1964
sale
v
Alameda County, Newark School
ings Association, of San Francisco,
at a price of 100.16, a net interest
cost basis of about 2.29%, as fol¬
lows: $560,000 2y2s, due on June
from
check
author¬
were
election
an
School
tified
$1,750,000
July
offered
166, p. 98—were awarded
syndicate headed by the Bank
a
certified
1948 to 1963 inclusive. A
The
—
bonds
works
A
800,000 Watsonvilie Joint Union
15—v.
for
First National-
Pulaski County, County
School District (P.
ized at
Due
J. Barth & Co.
issue
follows: $2,000
inclusive,
$3,000 from 1955 to 1959
1954
required. Bonds
Napa, Calif,
.
Sale —An
on
No.
Augustine),
as
to
1948
High
America, other members of the
of about 2.38%, divided as fol¬ underwriting group are: American
Trust Co., San Francisco,
Blyth
lows: $52,000 as 2V4S, due $4,000
& Co., Inc., First Boston Corp.,
from Aug. 1, 1948 to 1960, and
C. J. Devine & Co., R. II. Moulton
$28,000 as 2y3s, due $4,000 from
&
Co., Weeden & Co., Heller,
Aug. 1, 1961 -to 1967.
Interes
Bruce & Co., California Bank, of
payable F-A. r
Los Angeles, Paine, Webber, Jack¬
Kern County, Bakersfield School
son & Curtis, C. F. Childs &
Co.,
District (P. O. Bakersfield),
Lawsdiy'Levy & Wiliams, and
Bond
election
an
$2,000, payable to order
the County Treasurer, is
of
is required.
one
Angeles,
at
Tax
Special
County
District
St.
'
inclusive.
for
,
of America National Trust & Sav¬
He also reports that the
$3,000, payable to
County Treas¬
is required. Bonds were
the
July 1,
and
to
to
Co. and
on
Due
from
the rate of in¬
name
from
$99,000 as 2s, due $9,000
Aug. 1, 1948 to 1958, and
$36,000 as 2V4S, due $9,000 on
Aug. 1, in I959 to 1962, Interest
payable F-A.
certified
Johns
School
29,000 Corralitos Union Element¬
ary
School
District
bonds.
inclusive.
1965
follows:
Bond Sale—The
A
for
of
authorized
National
interest cost
net
urer,
Due
July 1 from 1948 to
on
April 30.
10%
&
a
order
May 16. A certified check
of the amount of each
on
for
Savings Association, of
Franciscop-at a price of 100.-
San
1948
Denomination $1,000.
Bonds were authorized at an elec¬
SaleThe County Clerk
the $135,000 Bullard
bonds.
inclusive.
check
.
St.
an
'
Bidder to
that
sale
1962
terest.
County School Districts
(P. O. Fresno), Calif.
District
$20,000
Ele¬
inclusive; $6,000,
1953 to 1957 inclusive; $7,000,
1958
to
1962
inclusive, and
$8,000 from 1963 to 1967 in-
.
Fresno
states
300,000
1948 to 1952
Savings Asso¬
-f.
Union
mentary School District bonds.
Due as follows: $5,000 from
Aue. 1 from 1948 to 1962 inclu¬
sive.
1966
at
May 27.
Watsonvilie Elementary
on
School
Livingston
130,000
County Employees Retirement As¬
sociation, as-2%s, at a price of
100.34, a basis of about 2.4.5%
Dated Aug. 1, 1947 and due
$1,000
on
to
1948
from
authorized
was
election
inclusive.
con¬
struction bonds offered July
Trust
Maricopa County School District
No. 14 (P. O. Phoenix),
Sale
Issue
$190,000 Weaver Union Element¬
ary School District bonds. Due
Calif.
Phoenix), Ariz.
Bond Offering — James E. DeSouza, Clerk of the Board of
Supervisors, will receive sealed
bids until 2 p.m. on Aug. 4 for the
purchase of $93,000 not to exceed
4%
County, Conejo School
(P. O. Fresno),
District
Maricopa County School District
by Wetten, Pegler & Dale, of
Chi¬
cago.
Fairview, III.
— An issue
of-'
Bonds Purchased
$10,000 water revenue bonds was
purchased recently by Mason, Mo-
56
THE COMMERCIAL & FINANCIAL CHRONICLE
(312)
&
ran
Co., of Chicago, as 3s. Dated
May X, 1947.
Legality approved
by Charles & Trauernicht, of St.
Louis.
ized at the election held
—
$15,000 municipal building bonds
authorized at the election held
on
June 3, was purchased
recently by
the
Municipal Bond Corp., of Chi¬
as 3s.
Dated July 1, 1947.
Legality approved by Charles &
Trauernicht, of St. Louis.
cago,
Lake
Superinten¬
dent of Schools reports that the
voters
Community
issuance
$20,000 construction
heavy majority at
held on July 7.
bonds
by a
election
an
An issue of
$411,000 21/2% build¬
ing bonds is being ,offered by .a
the
tion
voters
a
recent elec¬
said
are
have
to
approved the issuance of $19,000
street improvement bonds
of
Barcus,
Kindred & Co., Dempsey &
Co.,
Ballman & Main, and the H. C.
Speer & Sons Co., all of Chicago,
general investment.
Denomu
Wyandotte County (P. O. Kansas
City), Kan.
Bonds Authorized—The Courity
Commissioners are said to have
$1,000. Due on Jan. 1, in 1949 to passed a resolution authorizing the
1967, inclusive. Principal arid in¬ issuance of $20,000 bridge con¬
terest (J-J) payable at the Harris struction bonds.
&
Savings Bank, Chicago.
Legality approved by Chapman &
Cutler, Chicago.
No.
.
.
Illinois
Bonds Sold—It is stated that the
v
,$350,000 construction bonds ap¬
proved by the voters at the elec¬
tion held on June
17, have been
purchased by Barcus, Kindred &
Co.i and the Municipal Bond
Corp., both of Chicago, jointly, as
2%s and 2%s.
r
.
Township School Township
O. Danville), Ind.
(P.
Bond
bonds
Sale—The
$91,500 school
offered July 14—v.
3440—were
awarded
to
165,
p.
Raffen-
Hughes & Co., of Indian¬
apolis, as 114s, at a price of 100.575, a basis of about 1.166%. Dated
July 1, 1947 and due semi-an¬
nually from July 1, 1948 to July
sperger,
I, 1961 inclusive. Second high bid
.of<100.352 for 114s was made
by
the? Indianapolis
Bond
&
Share
Corp.
.
"
'Z1;
,
Lyons, Ind.
.
on
the
market
It is
sometime
in
Olive
Hill, Ky.
Bond
bids
the
will
Clerk,
until
7
p.m.
purchase of
exceed
Princeton, Ind,
Bond
will
be
(EST),
Paul,
Offering —Sealed bids
received
City
'
until
2
p.m.
July 25, by Charles C.
on
Clerk-Treasurer,
the purchase of
for
$25,000 street im¬
provement bonds.
not to exceed
Interest rate is
4%,
payable
J-J.
Denom. $1,000. Dated
Due as follows:
July 1, 1947.
$1,000 on July 1,
1948; $1,000 on Jan. and July 1, in
1949 to 1951; $2,000 on
Jan, 1, and
$1,000 on. July 1, ,in 1952 to 1957,
Rate of interest to be in
to and including
Rate
thereafter
and
1962,
1,
than
less
est
bidder.
103
at
interest
of
rates
or
named by the
and
par.
to
be
No bid for
accrued
conditional bids will be
and
par
no
bid
and
received
is to be for less than
accrued
interest.
The
Mar-
x
-
Bidder to
Dodge of Boston.
Essex
about 1.517%'.
u-
{
v
11
to
Colfax),
Bond
will
Offering
La.
—
10
on
Aug. 8, by S. C. Shaw, Secretary
of the Parish School Board, for
the purchase of $42,000 construc¬
Bond Offering—James
will
Treasurer,
County
D. Bent-
ceive bids until 11
payable to the city, must
These
authorized
July 22 for the purchase of $50,000
coupon tuberculosis hospital loan
bonds of 1947. Dated Aug. 1, 1947.
June 4, by
Denomination
a
IOWA
School
District,
Iowa
Sale—The
$15,000 build¬
ing bonds offered July 14—v. 166,
204—were awarded to the Carl¬
p.
ton
D. Beh Co. of Des Moines.
Dated Aug. 1, 1947 and due
$1,500
on
,t.
Aug. 1 from 1948 to 1957 incl.
-■
Spencer, Iowa
Bond Sale Postponed—Sale of
the $25,000 fire department
bonds,
■u
originally scheduled for July 21,
has been postponed.
Troy Consolidated School District,
.i
.
Iowa
Bonds Purchased
—
An issue of
$25,000 gymnasium bonds, author■j.
bonds
vote of 138 to 6.
on
The award will
y-'V
offering to
and accrued interest and
a.m.
$1,000.
re¬
(DST) on
School Board Treasurer
bank
The
bonds
at any
to
as
from ad
be levied with¬
to rate
or
amount
all taxable property in the Dis¬
trict.
The
Chapman
approving opinion of
&
Cutler,
of
Chicago,
will be furnished. Enclose
a
I
,name
to
be
rate
Gray,
Best, Coolidge & Rugg of Boston.
approved
by
Ropes,
land
to'the
Bank
National
Rock¬
of
Boston, as Is, at a
price of 100.176, a basis of about
0.94%. Sale consisted of:
Treasurer of the School Board.
.
$25,000 street construction bonds;
<
,
Due
$5,000
1948
to
1952
On
July
Bank,
National
iNauuncu
'
onin-
legal
I
^jvQ0s&0p JMltch«
Sale
The $25,000 self-
—
liquidating Junior B water revenue bonds offered July 14—v. 166,
p
jqq—were awarded to the First
of Michigan Corp., of Detroit, the
only bidder, as lV2s, at a price of
100*01> a basis 0f about 1.497%;
Dated July 2, 1947 and due on
jujy 2 fr0m 1950 to 1954 inclusive,
y
,
u.
Wyandotte, Mich.
Bond Sale—The
following gen-
paving bonds aggregating $175,000, offered for
sale on July 8—v. 166, p. 100—
were awarded to Braun, Bosworth
& Co., Inc., as Is, at a price of
100.187, a net interest cost of
eral obligation
1
inclusive.
from
Due
incl.
155,000 special assessment bonds.
$20,000 city portion bonds.
on Dec. 1, in 1947 to 1951,
Due on Dec.
M
1948
an
1, in 1947 to 1951,
Payab,le
,
_
1QS7
1957
to
high
bid of
Wtarfvp
inclusive.
100.766 for
Second
Second
iy4s
was
made
incl.
Bank
Interest
bid
offer by
of Boston.
was
Stuart & Co
Halsey^ Stuart & Co.,
all Is.
of 100.152 for
by the Merchants National
MINNESOTA
Albert Lea, Minn.
New
Bond
Bedford, Mass.
Offering
Bond
William
—
R.
Freitps,
City Treasurer, will receive bids unfil 11 a.m. (DST) on
July 22 for the purchase of $274,000
coupon
highway macadam
Sale —The $100,000 per-
i manent
improvement bonds ofJuly 14—v. 166,
—
fereTfor sale'on'
A
„
1 CO
p
205 — were awarded to
Northwestern National Bank
and
Minneapolis,
the First
the
of
Na-
S b®nds of. 1947. Dated Aug. 1, tional Bank of Albert Lea, jointly,
Denomination
1947.
Aug.
1,
1952.
$1,000. Due
$55,000 from
follows:
as
1948 to 1951
inclusive and $54,000
Bidder
to name rate of
interest, expressed in h multiple of
y4 of 1%. Principal and interest
in
(F-A)
payable
National
Shawmut Bank of Boston. Legal¬
ity to be approved by Storey;
Thorndike, )?almer,'& Dodge of
the
at
Boston.
Northampton, Mass.
City Treasurer, will receive
bids until 5 p.m. (DST) on July
24 for the purchase at discount of
$125,000 revenue anticipation
notes of 1947. Dated July 28, 1947
and due Dec. 11, 1947.
ard,
Walt ham,
Note
Mass.
Sale
The $300,000 tem-r
loan notes offered for sale
July 14 were awarded to the
—
Newton-Waltham
at
discount
a
National
0.56%.
of
UOs, at
as
Bank
Bank, at
a
1.20% bonds.
Shelly; Minn.
Sale—The'$3,500 village
bonds offered for sale on July II
were awarded to the State Bank
Bond
to
1, 1947.
due $500
Winona,
Offering
Bond
Minn.
Soon—Offering
$1,113,000
bonds,
including
$663,000
sewage
I station
and
sewers,
$300,000 park improve¬
ment
and
$150,000 airport de¬
velopment, is expected to be made
shortly. The bonds are due in 20
of
years.
MISSISSIPPI
Sale!
Bond
bonds
rate of 0.57%.
Miss.
Hattiesburg,
—
The
$1,525,000
10—v. 165, p,
awarded to.a syn¬
offered July
were
issue of $200,000 reve¬
composed of M/ A. Saun¬
ders & Co., of Memphis, Stranahan, Harris & Co., Inc., Toledo,
Union Planters National Bank &
notes at 0.526% discount. Due
Trust Co., of Memphis, Provident
Merchants
Savings Bank & Trust Co., Cin¬
cinnati, C. F. Childs & Co.;; Chi¬
July 11
nue
3s, at a price of par.
These bonds
annually from 1948
1954, inclusive.
,
Dated July
are
Dated
Watertown, Mass.
■
100.425 for
Stuart & Co., offering
3442
*
Dated July
x# 1947, Due on July 1, in 1949 to
Interest payable J-J. Runner-up in the bidding was Halsey,
National
Citizens
Waltham
price of 100.005, a
1956.
July 14, 1947. Denoms. $50,000 and
$25,000. These notes are due Nov.
14, 1947. The1 next highest'bidder
was
a
basis of about 1.095%.
of Shelly as
Note Offering—Albina L. Rich¬
Nov.
an
National Bank
high
The
1947.
14,
of Boston,
dicate
named
bidder,
second
rate
a
of
revenue
notes
July
to
14
Bank
Mass.
of
was
awarded
Boston,
at
0.543%
count. Due Dec. 19, 1947.
second
on
Second National
the
chants National
price
of $75,000
Sale—An issue
Note
Bank
dis¬
The Mer¬
of
Boston,
high bidder/named a rate
of 0.55%.
f
cago,
Seasongood
Cincinnati,
&
Barcus,
Mayer,;
Kindred t
'Sc'
Co., Chicago, and the WaltoiiHamp Jones Co., of Jackson, at a
0.573%.
Winthrop,
Methuen, Mass..
Bond Sale—The $50,000 coupon
bonds
offered
July
17
were
awarded
1
th,e unqualified legal opmion of the Purchaser s attorney.
Savings Bank of Chicago,
iy4s, at a price of 100.769, a
basis of about 1.10%. Dated Aug.
•asis
1, 1947 and due on Aug. " from
"
1 "
Note Sale—The Second National
to
-
as
Bank' of Boston was awarded on
Bidder
*
—
^P°n
Trust &
of
elusive.
certi¬
fied check for $840, payable to the
/•
I uondf
j TViict
205—were awarded to the Harris
payable
are
out limitation
on
or
specified by the purchaser.
valorem taxes
.
Due $5,000
interest, expressed in a multiple of
specifying rates which result in y4 of 1%. Principal and interest
the lowest net interest cost to the
(F-A) payable at the Merchants
District without the consideration National Bank in Salem, or at the
of premium.
Principal and inter¬ National Shawmut Bank of Bos¬
est payable at the office of the
ton, at holder's option. Legality
pay par
.
Aug., 1 from 1948 to 1957 in-
on
be made to the bidder
Sergeant Bluff Consolidated
Bond
the
are
at the election held
-
Sale—The $195,000 sewer
bonds offered July 16—v. 166, p.
on
(P. O. Salem), Mass.
ley,
accom¬
Bond
porary
exceed
,,
Legality approved by Storey,
Thorndike, Palmer & Dodge of
Gray,
Essex County
Union
Union
Muskeg°n-
1958
Boston.
tion bonds, Interest rate is not to
pany,. the bid.
from
ton.
Legality approved by
Best, Coolidge &
Rugg of Boston. iSecondvhigh bid
of 102.435 for l%s was made by
of
purchaser, will be furnished .with
the
approving opinion of Ross,
McCord, Ice & Miller,; of Indian¬
apolis.
A $500 certified check,
4%, payable F-A. Denom.
$1,000.
Dated Aug. 1, 1947.
Due
$3,C00 from Aug. 1, 1949 to 1962.
and $46,000
rate of interest, expressed in
multiple of y4 of 1%. Principal
and interest (J-J) payable in Bos-
Estabrook & Co.
,
a.m.
dated Aug.
1947.
Ropes,
Sealed bids
be received until
are
Denomination
$1,000.
Principal and interest (F-A) pay¬
able at the Second National Bank
School
./,■
1977 inclusive.
All of the bonds
1,
O.
(P.
1934. Due Aug.; 1, as follows:
$6,000 from 1950 to 1959 in¬
clusive, and $5,000 from 1960
150,000 water bonds. Due Aug. 1,
as follows:
$6,000 from 1950
to 1959 inclusive, and $5,000
from 1960 to 1977 inclusive.
$780, payable to the Treasurer of
the School Board, is required.
Consolidated
following
The
—
$300,000
coupon
bonds offered
July 17 were awarded to Kidder,
Peabody & Co., and Harriman
Ripley & Co., Inc., jointly, as l%s,
at a price of 103.077, a basis of
check for
A certified
.
(Town of), Mass.
Sale
De-
a
interest pay¬
$150,000 water loan bonds, Act of
$1,000. These bonds are due July
1, as follows: $2,000 in 1948 to
1953, and $3,000 in 1954 to 1962;
The aoproving opinion of Chap-r
man & Cutler, of Chicago, will be
No.
the rate of inter¬
est, expressed in a multiple of y4
purchase of $39,000 sehbol bonds,
to bear not exceeding>4% Inter¬
est.
Dated July 1, 1947.
Denom.
Parish
name
Boston, Legality to be approved
by Storey, Thorndike,. Palmer &
Offering—K. R. Hanchey,
District
inclusive, and $15,to 1957 inclusive.
1953
of 1%. Principal and
Bond
Grant
$1,000. Due
follows: $16,000 from
1952
to
from
1947.
one
able at the First National Bank of
LOUISIANA
furnished.
A/VA
inter¬
part of an authorized issue of
$125,000 and will be approved as
to legality by Wyatt & Grafton
Bond
—
purchase of $155,000
water bonds. Dated Aug.
I,- as
1948
000
~
-
the
coupon
Aug.
-
,
about 0.923%:
cp
vaxa
1,
Needham, Mass.
Bqnds are
will be considered.
multi¬
a
v** —
July
Boston.
1, 1947. Denomination
ple of
y4 of 1%, which must be
the sa'me for all of the bonds.
No
Year —A
of the author¬
$16,000,000 public
,
-mm •
to 1962 inclusive. Bidder to name
This
cal order, at 103
Secretary of the Parish School
Board, will receive sealed bids
until 10 a.m. on Aug. 5, for the
Clerk-Treasurer.
Dated July 1, 1947.. Due on Jan;
1,1965.
inclusive,
shall, City Treasurer, will receive
bids until 11 a.m. (DST) on July
to
Town
County (P. O.
of
Dated
..
Hackley
Hackley
*
nomination $1,000. Due July 1, as
p.m.
—
Bond
mlVreCeiyei biods, U?u1
iJirrSciSo™™7
purchase of $700,000 coupon water
8
until
21 for the purnot to exceed 4%
interest
coupon
school
bonds,
nate(i Aug. 15, 1947.
uatcu
DenommaDate<*~^'
tion $1,000.
Due $3,000 on Nov.
15 from 1948 to 1952 inclusive.
Rate of interest to be expressed in
a multiple of *4 of 1%.
Principal
and interest (M-N) payable at the
on July
ohase of $15,000
share.
t
will re¬
(EST)
_
a
follows: $47,000 from 1948 to 1957
1947.
Denomination $1,000.
Due
serially on July 1 from 1949 to
1971, inclusive.
Callable on any
interest date, in inverse numeri¬
July 1, 1952; thereafter at 102 to
ana including July 1, 1957; there¬
after at 101 to and including July
AOP
+
Offering—William
Bond
JLivnu
for
V1JUUVV1
the authoritv i<?
4.
postponed.)
Issuance
3%
23
Elevated
of Chapter
UJ.
Middleborough, Mass.
Attleboro, Mass.
M1U.O
» iUlUUU
e
MASSACHUSETTS
interest water system
bonds.
Dated
July 1
\J
dm0fferinff ~~ chester
Shaw, Town Treasurer and Col-
total
receive sealed
on July 30 for
$105,000 not to
Boston
provisions
option price of $85
improvement bonds will be placed
on the market later in the year.
Bond Offering—Maude B. Scott
City
Beauregard Parish School District
No. 4 (P. O. De Ridder), La.
the
the
authorized to issue bonds in order
to
finance
acquisition
of
the
Boston Elevated Railway,, at the
Towson), Md.
ized
165, p. 3440—were purchased
by'the Indianapolis Bond & Share
Corp., of Indianapolis, according
—v.
Acquire
cu
Baltimore
No¬
Transit Authority
Boston), Mass.
544, Acts of 1947
(These bonds were originally
scheduled for sale on July 8; but
of Louisville.
refunding
on July 11
To
block of $2,000,000
Bond Sale—The $27,000
coupon
water works revenue
,
bids
Under
the bid.
.
bonds offered for sale
sealed
(P. O.
MARYLAND
—
vember.
revenue
INDIANA
Center
ceive
-
Metropolitan
Town, without fhe consideration
of premium. The approving opin¬
ion of Chapman & Cutler, of Chi¬
cago, will be furnished.
A $4,400
certified
check; payable to the
Town Treasurer, must accompany
Vander-
Director,
of 100.169 for Is was
made by
Robert Hawkins & Co. of Boston.
and accrued interest and
specifying rates which result in
the lowest net interest cost to the
reported that $2,000,000 school im¬
provement bonds are to be placed
(P. O. Bensenville),
2
School
Legality
approved
by
Ropes, Gray, Best, Coolidge &
Rugg of Boston. Second high bid
pay par
Ky.
Mich.
Offering—John
Bond
stelt,
bonds.
Louisville,
Bond Offering Planned
Tioga Elementary School District
July
$1,000.
Denomination
No. 5
Muskegon),
(P. O. Route I,
dated
are
Township Sch. Dist.
Norton
Boston.
4%, payable M-S. De¬
nomination $1,000. Dated Sept. 1,
1947. Due on Sept. 1, as follows:
$13,000 in 1948 to 1951; $14,000,
1952 to 1954; $15,000, 1955 to 1957;
$16,000, 1958 to 1961, and $17,000
in 1962..
Principal and interest
the offering was
KENTUCKY
1952
pay¬
able at the First National
Bank of
payable at the office of the Town
Treasurer.
The bonds will be
awarded to the bidder offering to
Springs, Kan.
Bonds Voted—At
.
Trust
1947.
„
Baxter
,
composed
1,
MICHIGAN
$5,000
Principal and interest (J-J)
.
of
Cons.
43
(P. O. Roundlake), III.
-J. Bonds Offered for Investment—
for
the
approved
Due
1 from 1948 to
inclusive.
to exceed
The
—
bonds.
sewer
All of the bonds
not
Interest rate is
bonds.
sewer
Monday, July 21, 1947.
July
on
Sealed bids
—
Aug. 12, by V, I). Town, Town
Clerk, for the purchase of $220,000
Indep. Sch. Dist.
(P. O. Webster City), Iowa
Bonds Voted
Offering
will be received until 7.30 p.m. on
KANSAS
County
School District No.
syndicate
Bond
Webster City
An issue of
25,000
Mansfield, La.
10, was purchased recently by
Quail "& CO., of Davenport, at a
price of 100.16.
Grafton, III.
Bonds Purchased
March
on
100.011, a net interest
2.3456%, as follows:
of
cost of about
$1,290,000 series Z-I school bonds,
including $410,009 l%s, due
on Aug. 15 from 1948 to 1957
inclusive; $264,000 2J/4s, dud
on Aug. 15 from 1958 to I960
inclusive; $264,000 2V2S, due
on Aug. 15 from 1961 to 1963
inclusive, and $352,000 2%s>
.
c *
t
4
9
/
?. Or i J
1:
HZ
Mi
w
S
*
,Ay.
>./['
*0
Fairbury, Neb.
50,000 series 32 sewer improve¬
ment bonds as .l%s. Due on
*
Aug. 15 from 1948 to
1957 in¬
clusive.
r
135,000 series 33 street improvement bonds; including $65,000
*
Election—At
Bond
scheduled
2Y4S, due Aug. 15 from 1958 to
1960
inclusive, and $28,000
2%s, due on Aug. 15 in 1961
and 1962.
improve¬
50,000 series 31 water
Lexington, Neb.
$65,000
Water
dated Aug.
im¬
deter¬
be
mined by the voters at an
tion scheduled for Aug. 12.
elec¬
Minatare School District No. 2
(P. O. Minatare), Neb.
a
recent elec¬
tion the voters approved the issu-
of
will be approved as lance
legality by Charles & Trauer- bonds,
nicht of St. Louis.
15, 1947, and
Magnolia, Miss, t*
$90,000
,
construction
July 22, by Mrs. J. Y.
City Clerk, for the
building
gymnasium
$25,000
Prescott, Jr.,
purchase of
$1,000. Dated July
bonds. Denom.
Sale—The
bonds offered
July 15—v. 165,
p.
Trusts
& Savings .Bank, of Chi¬
and Wachob-Bender Corp.,
of Omaha, jointly, as Is, at a price
of 100.199, a basis of about 0.959%.
cago,
The bonds
approved by the voters at an elec¬
tion held on May 6.
A $500 certi¬
fied check, payable to the city,
3must accompany the bid,
was
and
dated Aug. 1,
1947
Aug.
1,
1952.
high bid Of 100.11 for Is
are
mature
Second
made
on
by Halsey, Stuart & Co.,
Inc.
NEW HAMPSHIRE
Oakland Consolidated Sch, Dist,
Durham, N. H.
(P. O. Corinth),- Alcorn
County, Miss,
of Concord have purchased an is¬
Bond
of $20,000
school bonds has been purchased
Bonds Sold—An issue
by Herman Bensdorf & Co., of
Memphis, and Associates, as 3s, at
Dated July 1,1947. Due $1,000
par.
July 1 from 1948 to 1967 inclu¬
sive. Interest J-J.
on
Washington County Sch. Dists.
(P, O. Greenville), Miss.
Offering
Bond
.
—
Sealed bids
Will be received until 11
a.m.
on
July 22, by A. D. Brooks, Clerk
of the Board of Supervisors, for
Bond
will
bidders offer to ac¬
Offering
be
(DST),
Adams,
—
received
on
Sealed bids
until
1
Ira Haupt & Co.; Newburger, Loeb
& Co.; Glickenhaus & Lembo, Inc.;
Francis I. duPont & Co.; J. C.
Bradford & Co.; Green, Ellis &
Anderson; Mackey, Dunn & Co.l
Inc.; John Small & Co.; G. If.
Walker
&
Co.; Darby & Co,;
Hirsch & Co.; W, H. Newbold's
Son & Co.; Harvey Fisk & Sons,
p.m.
July 18, by Miles R.
District
Clerk,
for
the
■
Sale—F, W. Home & Co.
of
sue
$145,000 1%%
bonds.
tension
ex¬
sewer
Dated
Aug. 15,
$1,000. Due
Aug. 15, as follows: $6,000 from
1948
to
1950
inclusive; $7,000,
1951 to 1957 inclusive; $8,000, 1958
to 1964 inclusive, and $11,000 in
1965 and 1966. Principal and. in¬
terest (F-A) payable at the Strat¬
ford National Bank, Dover, or ai;
Denomination
1947.
National
the
the
National
Bank
&
Trust
Mackubin, Legg & Company; A. E.
Masten & Company; F, S. Smithers
& Co.; Rand & Co.;
Barret, Fitch
Bond Offering — Sealed bids
Margaretville, N, Y.
& Co., Inc.; Elkins, Morris &
Co.;
will
be
received
until
8
p.m.
Bond Sale—The $5,000 coupon Ellis
& Co.; Fauset, Steele & C&:
(DST) on July 23, by Wm. De village hall reconstruction bonds
Johnson & Johnson; Ryan,
Sutherr
reitas, Jrl, Director of the De¬ offered for sale on July 11 — v
land & Co.; Wurts, Dulles &
CO.;
partment of Revenue and. Fi¬ : .66, p. 101—were awarded to the
Allison-Williams Company; ah<$
nance, for the purchase of $425,- Marine Trust Co., of Buffalo, as
Soden-Zahner Company.
000 coupon or registered
sewer
.60s, at a price of 100.135, a basis
Purpose of Issue
The bonds
aonds. Interest rate is not to ex¬ of about1.55%.
Dated July 1,
were issued to
provide funds for
ceed 6%, payable J-J.
Denom.
947. Due on July l,i in 1948 to
the construction of the Port Au¬
$1,000. Dated July 1, 1947.
Due 1952, inclusive. Interest payable
on July 1, as follows:
J-J. Second best bid was an offer thority Union Motor Bus Terminal
which will be designed for and
$8,000 in 1948 to 1952, $9,000 in of 100.02 for 1.60s, submitted by
operated as a union; terminal for
953 to 1957, $10,000 in 1958 to the State Bank of
Albany.
the accommodation of inter-city
1967, and $12,000 in 1968 to 1987.
New York City Housing Authority, and suburban buses
and their pas¬
Rate of interest to be in a mul¬
New York
sengers.
The terminal site com¬
tiple of y* or 1/10 of 1%, and
New Chairman Announces Ex¬ prises: the entire city block in' the
must be the same for
all the
aonds. Principal and interest pay¬ ecutive Appointments—Thomas F. Borough of Manhattan, New York
able at the Beach Haven Nation¬ Farrell, who took office July 1,
City, bounded by 8th and 9th
al Bank & Trust CO., Beach Hav¬ as Chairman of the New York Avenue and by West 40th and 41st
en.
The bonds will be general City Housing Authority, an¬ Streets. The bonds are direct awd
obligations of the Township, pay¬ nounced the appointment of five general obligations of the Au¬
able frorq unlimited ad valorem new executives to the staff of the thority
and are secured by;*ijt
1 axes.
No bid will be considered Authority. At a meeting on July pledge of the net revenues derived
the Authority unanimously ap¬ from the operation of the Ter¬
::or bonds
at a rate higher than
he lowest rate at which a legally proved the appointment of James minal. They are also secured by a
H. England as Executive
acceptable proposal is received.
Director; pledge of the General Reserve
As between proposals at the same James W. Gaynor as Assistant to Fund of the Authority, pari passu
owest interest rate the bonds will the Chairman; Gerald J. Carey as with other Authority obligations.
be sold to the bidder or bidders Counsel; Philip J. Cruise as Sec¬
Other Bids—Aside from the sue*
offering do pay therefor the high¬ retary, and William E. Haugaard cessful Drexel & Co.-Glore Foi>
est additional price, which price as Chief of Planning.
gan & Co., offer, the Port Au*
shall not exceed by more than
Mr. Haugaard will remain in
thority
received
tenderk
from
$1,000 the par value of the bonds private practice and will devote four other
syndicates, all of which
offered for sale.
Proposals are one-third of his time to the plan¬ were
closely
competitive
and
desired on forms which will be ning activities of the
Authority. separated from the winning offer
furnished by the Township.
In The other four staff members will by a
Long Beach Township (P. O.
Brant Beach), N. J.
Co.,
Port Jervis.
—
$300,000 park
3333—were awarded to the Harris
1, 1947. Due on July 1, as follows:
$1,000 in 1948 to 1952, and $2,000
in 1953 to 1962. These bonds were
-
Sparrowbush), N. Y.
""
Omaha, Neb.
Bond
Offering— Sealed bids
Bond
.
or more
(P. O.
cept the same least amount, then purchase of $7,500 coupon or
reg¬
to
the bidder offering to pay istered construction
bonds, bear¬
therefor., the highest price.
The ing/not to exceed 5%
interest,
purchaser
must
also
pay
an payable on July 1. Denom. $500. Inc.
;...T
amount equal to the interest on Dated July 1, 1947. Due
Also, Bacon, Whipple & Co.;
$1,500 on
the bonds accrued- to the date of
July 1, in 1948 to 1952, inclusive. Burr & Company, Inc.; Butcher &
payment of the purchase price.
Principal and interest payable at Sherrerd; Dempsey-Tegeler & Co.;
to
will be received until 6.30 p.m. on
f two
Deerpark School District No. 14
57
.
Department
provement bonds will
Bonds Voted—At
All of the bonds are
bonds to be accept¬
being those first maturing, and
(313)
,
1948 to 1957
Aug. 15 from
inclusive.
'*
:
Bond Election—The issuance of
IVzs. Due on
bonds as
ment
of bonds, the
ed
bonds.
due on Aug. 15 from
1948 to 1957 inclusive; $42,000
*
election
an
for Aug.
4, the voters
will pass on the proposed issu¬
ance of $700,000 light and water
plant extension and improvement
l%s,
;
der complying with the terms of
le sale and offering to accept for.
he amount bid the least amount
NEBRASKA
from 1964 to
due on Aug. 15
1967 inclusive.
•
.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4613
Volume 166
Bank
Shawmut
by. addition to the price bid the pur¬ be full'time
chaser must pay accrued interest
Authority.
at the'rate borne by the bonds
Note
Boston..
Legality
approved
Hughes & Burns of Dover.
NEW JERSEY
the purchase
of the following
bonds aggregating $150,000:
oJ:
•
Sale—The
from the date of the bonds to the
date of
Clifton, N. J.
payment'of the purchase
employees
of
relatively small margin,«As
against the 1.4404% net interest
the
cost specified in the
the runnerup tender
$12,150,000 tem¬
Ripley & Co., and Associates
loan notes offered July 15
166, p. 101—were awarded to
porary
v.
accepted bid*
by Harriman
based
on a
was
net rate of 1.4487625%.
$1,370,000 price. The legality of the bonds a syndicate of banks headed by Next in line was a group headed
$75,000
Iceland Colored
Spec.
will be approved
by Caldwell,
bonds pffered
July 15—v. 166,
the Chemical Bank & Trust Co., by Kuhn, Loeb & Co., which bid
t
Cons. Sch. Dist. bonds. Due
Marshall, Trimble & Mitchell, of
p. 206, award of. $1,356,000 was
on Aug. 1, as follows: $5,000,
of New York City, at an interest on a 1.4495% basis, while Blyth'8c
New.York City, whose approv¬
1948 to 1951, $6,000 in 1952 to made to a syndicate composed of
rate of 0.93%. This was the only Co., Inc., and Associates bid oh a
ing opinion will be furnished to
Biyth & Co., In<r., New York
Fifth
and. last
bid for the notes which are dated 1.4630%,
1959, and $7,000 in 1960.
off&v
the purchaser without charge. The
Stroud & Co., P h i 1 a d e 1 p h i a
July 29, 1947 and due Jan. 29, based on a rate of 1.469175% was
175,000 Leland Cons. Scli. Dist.
bonds: Will be delivered on July
entered on behalf of an account
1948.
bonds. Due on Aug. 1, as fol¬ Boland, Saffin & Co., and H. L
30, or as soon thereafter as they
Allen & Co., both of New York
managed by Halsey, Stuart & do.;
lows: $2,000 in 1948 to 1951,
Penfield Fire District (P. O.
Enclose a cer¬
and C. C. Collings & Co., of Philgr may be prepared,
Inc.
$8,000 in 1952 to 1955, and
Penfield), N. Y.
delphia, as 2s, at a price of $1,- tified^ check for' 2 %'• of the par
$7,000 in 1956 ta 1960.
value'of the bonds, payable to the
Valley Stream, M T,
Bon d ' Offering
Sealed bids
370,759.72, equal to 101.087, a basis
Denom. $1,000.
Dated Aug. 1, of about 1.906%. The sale con¬ Township.
:
*
Bond Offering—Ffhd A.
will
be
received
until
2
p.m.
Clerp1947.
Bidders are requested to
sisted of:
(DST), on July 21, by Earl L. enz, Village Treasurer, will re¬
NEW YORK
designate in their bids the price
ceive
sealed
bids until
2
Rapp, District Secretary, for the
p.m.
they will pay for bonds bearing $1,016,000 school bonds. Due on
(DST) on July 29 for the
Aggregate Trust Fund of N. Y.
the
Sale —Of
Bond
,
'
'
.
,
.
_
,
,
.
,
•
interest at
rate
a
Aug. 1 from 1948 to 1975 in¬
clusive.
rates likewise
or
designated in their bids.
Principal and interest payable at
a place to be designated by the
purchaser, subject to the approval
to
be
It is the intention
of the Board.
highest
the basis of the total inter¬
est cost qver the life of the issues.
the bids submitted is the
upon
West Point,
offered
May 13,
on
Union
the
as
were
by a syndicate composed of
Ingen & Co., Inc., Fidelity
Trust Co., Newark, J.
Rippel & Co., Ira Haupt & Co.
and MacBride, Miller & Co.
J.
Union
1962,. Inclusive.
1948
to
Interest payable
J-D.,
MISSOURI
hi..-,
„
-
Haddonfield School District (P. O.
Nodaway County (P. O. Maryville), Mq,
»'i
Bond Election—The issuance of
f275,000
and
bridge
bonds
v^ill be submitted to the
voters
it; an
road
election scheduled for July
Bonds Sold—An issue of $3i,500
and
2% %
-
be
sewer
Offering
received
extension
purchased by the Municipal Bond
Interest rate is
%, payable F-A
Denom. $1,000.. Dated Aug.
1,1947
Due Aug. 1, as follows: $10,000 in
1948 to 1964, and $15,000 in 1965
to 1972.
a
Rate of interest to be in
multiple of
Vi
and must bfe the
or
sal.
Charles
&
Trauernicht
of
St.
1%
which
Each proposal must state the
bonds, which
shall not be less than $290,000 no
more than $291,000. Principal and
Trust
ILouis.
of
for all the
proposal will be con
specifies a rate
higher than the lowest rate statec
in any legally acceptable
propo
interest
by
1/10
same
No
1947.
approved
p.m.
not to exceed 2V2
Corp. of Chicago. Dated May 1,
Legality
7.30
July 31, by Lillian A. Lockwood, District Clerk, for the pur¬
chase of $290,000 coupon or regis
amount bid for the
improvement bonds has been
Sealed bids
—
until
on
iidered
O'Fallon, Mo.
'2 Vz%' and
will
bonds.
•22, it is reported.
I ^
Haddonfield), N. J.
Bond
tered school bonds
'
'
Bond
Offering—It is
reported by William L. Fanning
Chairman of the Commissioners
that the State Insurance Fund of
New York, as administrator, wil
receive sealed proposals at its of¬
purr
chase
of $128,700 not to exceed
5% interest coupon or
registered
public
bonds
of1
May 1, 1947.
Oqe
bond for $700, others $1,000 each.
Due No. 1, as follows: $21,700 in
1948; $21,000, 1949; $25,000, 1950;
fice, 625 Madison Ave., New York
$27,000, 1951; ($6,000, 1952; $5,009
22, N. Y., until 10.30 a.m. (DST)
from 1953 to 1953, inclusive,
on July '23,' for the purchase of 25
and
Biddet
lots of fully registered New York will be furnished with the ap¬ $4,000 in 1957 and 1958.
to name a single rate of interest,
State, New York City and New proving opinion of Reed, Hoyt &
York State municipal and county Washburn, of New York City.
A expressed in a multiple of lk pr
bonds
totaling
$2,707,500,, now $500 certified check, payable to one-tenth of 1%. Principal and
owned by the Aggregate Trust the
District, must be enclosed interest (M-N) payable at the
with bid. •
Valley Stream National Bank &
Fund. Of New York.,
'
Trust Co., Valley Stream.
A cer¬
Port of New York Authority, N. Y.
Amsterdam, N. Y.
tified check for $2,574, payable
Bond Sale—Drexel & Co., and to order Of the
Bond Sale—The $126,000 sewer
village, is re¬
bonds offered July 17—v. 166, p
Glore, Forgan & Co., headed a quired. Legality to be approved
206—were
awarded
to
Halsey, syndicate which was awarded the by Vandewater, Sykes & Heck*
Stuart & Co. Inc., New York, as $16,350,000 series M bus terminal ler of New York City.
IV2S, at a price of 100.303, a basis bonds offered July 16—v. 16, p.
NORTH CAROLINA
101.
The
of about
group
purchased the
1.47%.
Dated July 1
bonds as l%s, at a price of 100.1947 and due on July 1 from 194*
Charlotte, N. C.
to 1972 inclusive.' Second high bic
477, a net interest cost of 1.4404%.
Bond Sale—The coupon or regt
of 100.23 for lM-s was made by The bonds are dated June 15, 1947
istered bonds aggregating $1,500,^
Bacon, Stevenson & Co. of New and mature $1,090,000 on June 15
from 1948 to 1962 inclusive. They 000, offered for sale on July 15^
York. >
v. 166, p. 206—were awarded to a
are
non-callable and were reBatavia Union Free School District
composed of Phelps,
offered for public investment at syndicate
Fenn & Co., of New York, the
No. 2 (P. O. Batavia), N. Y.
prices to yield from 0.70% to
Mercantile-Commerce
Bank
&
Bond Sale—The $87,000 schoo
1.60%, according to maturity. In
Trust Co., of St. Louis, First of
bonds offered July 15—v. 166,
addition to Drexel & Co., and
Michigan Corp., of New York, In*
206—were awarded to the Marine
Glore, Forgan & Co., the under¬
terstate Securities Corp., of Char¬
Trust Co., of Buffalo, as 1.20s, a
writing group includes:
Braun,
lotte,
Kirchofer & Arnold, of
Bosworth
&
Co.
a price of 100.352, a basis of about
Incorporated;
American Securities Corporation; Raleign, J. Lee Peeler & Co., of
1,134%. Dated July 1, 1947. Due
Roosevelt & Cross, Inc.; Coffin & Durham, and the Vance Securities
July 1, as follows: $6,000 in 1948
Burr, Incorporated;
Weeden & Corp., of Greensboro, at a price of
and $9,000 from 1949 to 1957 in
Co.,i Inc.; Laurence M. Marks &
100.01, a net interest cost of about
elusive. Second high bid of 100.
Co.; John Nuveen & Co.; Wm. E.
1947.
improvement
Dated
,
Planters Na¬
Due from
2s.
Aug
All of the ponds are dated Aug
1, 1947, Second high bid, of 1Q1.039 for $1 ;356,000 * bondsi as 2& Was
tional Bank & Trust Co., of Mem¬
phis,"
on
1 from 1948 to 1972 inclusive
B.
$30,000 sanitary sewer extension
to
75,000 water bonds. Due
made
Miss.
Bond Sale—It is stated that the
sold
inclusive.
decide which of
of the Board to
bonds
275,000 storm sewer bonds. Due
on Aug.
1 from 1948 to 1970
of $25,000 coupon or
registered fire house bonds. Inter¬
est rate is not to exceed 5%, pay¬
able F-A. Denom. $1,000 or $500,
Dated Aug. 1, 1947. Due on Aug.
1, as follows: $1,500 in 1948 to
1955; $2,000,1956 to 1961, and $1,000 in 1962. Principal and interest
payable at,the .Unipn^Trust Co.,
East
Rochester! The purchaser
purchase
Portfolio
payable
at
Co., Camden.
the
Camden
As between
legally acceptable proposals spe
ifying the same rate of interest 117 for 1.20s was made
the bonds will be sold to the bid- State Bank of Albany.
by the
Pollock
&
Co.,
Inc.;
Lobdell
&
Company, Inc.; Tripp & Cq., Inc.;
1.644%,
follows:
on
the bonds divided
t
as
58
THE COMMERCIAL & FINANCIAL CHRONICLE
(314)
$50,000 sidewalk bonds, divided
$6,000 as 5%s, due on Feb. 1,
in 1950
to 1952;
$34,000 as
$12,000 elec¬
Sale —The
IV4S, due from Feb. 1, 1953 to
1960, and $10,000 as l%s, due
on Feb.
1, in 1961 and 1962.
100,000 sanitary sewer bonds, of
which $15,000 are 5x/2s, due
on
Feb. 1, in 1950 to
1952;
v
'$40,000 are iy4s, due from
Feb. 1, 1953 to 1960, and $90,000 are lV2s, due from Feb. 1,
1961 to 1969.
200,000
street
improvement
bonds, of which $30,000 are
5%s, due $10,00 on Feb. 1, in
V ; 1950 to, 1952; $80,000 are iy4s,
due from Feb. 1, 1953 to 1960,
■
$90,000 are l%.s, due from
Feb. 1, 1961 to 1966.
1,150,000 water bonds, of which
$60,000 are 5y2s, due on Feb.
1, in 1950 to 1952; $220,000 are
iy4s, due from Feb. 1, 1953 to
1960; $420,000 are IVzs, due
from Feb. 1, 1961 to 1970, and
the
remaining
$450,000 are
and
;
l%s, due from Feb. 1, 1971 to
1980.
tric light and power plant bonds
offered for sale on, July 7-—v. 165,
3443
p.
North
of
Bank
awarded to the
were
—
Bis¬
of
Dakota,
marck,
as
lJ/2s, at a price of
100.216, a basis of about 1.45%.
Dated July 15, 1947. Due on July
15, in 1948 to 1954. Interest pay¬
Runner-up in the bid¬
able J-J.
ding was Kalman & Co., offering
100.104 for 13/4s.
Local Sch. Dist., Ohio
Sale
Bond
—
$190,000
The
un¬
limited tax school addition bonds
July 15—v. 165, p. 3443—
awarded to Fox, Reusch &
offered
were
Cincinnati, and the First
Co., of
Cleveland,
of
Corp.,
Cleveland
jointly, as 13/4s, at a price of 100.69, a basis of about 1.69%. Dated
June 1, 1947 and due on Dec. 1
from 1948 to 1970, inclusive. Sec¬
high bid of 101.44 for 2s was
ond
Stranahan, Harris & Co.,
made by
1947.
Interest
payable F-A. Second best bid was
an offer of par for $74,000 as 6s,
$291,000 as iy4s, $640,000 as iy2s,
and $495,000 as l3/4s, figuring to
Aug.
1,
cost
interest
net
a
of
-
about
1.645%,
submitted
by
Kidder,
Peabody & Co., and associates. J.
P. Morgan & Co., and associates,
third highest, offering
100.127
for $795,000 as iy2s, and $705,000
as l%s, figuring to a net interest
was
cost of about 1.66%.
C.
Creswell, N.
Bonds Voted—At
an
election on
~B
Offering
d
on
Sealed bids
—
will be received until noon
(EST),
29, by F. R. Hanrahan,
Finance, for the pur¬
chase of $22,000,000 coupon Trans¬
portation System Mortgage Reve¬
nue, Series A bonds. Interest rate
is not to exceed 3%, payable J-J.
July
Director of
$1,000.
Denom.
Due
1947.
Dated
follows:
as
Aug. 15,
$400,000
July 1, 1952, Jan. and July 1, 1953
to Jan. 1, 1972, and $6,000,000 in
1977. Said bonds shall be callable
as
of
follows:
of
said
full,
No.
bidders
1002-47
is
available
are
at
the
rector of Finance.
for
be
The
or
the
to
as
all
bidder
Each bid shall
of
none
shall
the
bonds.
satisfy himself
covenants and
terms,
provisions of
Di¬
the
of
said
ordinance and
of
Mortgage prior to
bidding for the bonds and shall
by the presentation of his bid ap¬
prove and accept the form and
provisions thereof. The City will
deliver, and the successful bidder
must be prepared to accept deliv¬
ery of and pay for, the bonds not
later than 30 days after the award
in the City of Cleveland or in the
City of New York. Bidders may
specify a rate or rates of interest
not to exceed 3%, but fractional
rates shall be in multiples of y4
of 1% per annum.
Interest upon
of
bonds
maturity
If bids
are
received based upon a dif¬
ferent rate or rates of interest
any
one
one
rate only,
specified
in
the
notice
of'
will not
Finance.
be
•
time
the
for
of
purchase
*
.
other
NORTH DAKOTA
Bottineau School District
(P. O,
Bottineau), N. Dak.
Bond Offering — Both sealed
and
until
will
bids
oral
received
be
p.m. by the
of Education,
for the purchase of $80,000 cou¬
pon construction bonds.
Interest
rate is not to exceed 2*/4%, pay¬
able J-J.
Denom. $1,000.
Dated
July 1, 1947. Due on July 1, as
follows: $7,000 in 1950 to 1957,' and
$8,000 in 1958 to 1960. Rate of in¬
terest to be stated in a multiple
of y4 or 1/10 of 1%.
No split rate
bids will be considered.
Princi¬
July
30,
at
1
Clerk of the Board
,
pal
and
suitable
interest payable at any
bank
or
trust
company
designated by the purchaser. Le¬
gality to be approved by Dorsey,
Colman, Barker, Scott & Barber,
of Minneapolis.
A certified check
for 2% of the
bid, payable to the
District Treasurer, is required,
5
v
Bond
Fairmount, N. Dak.
call
$8,700 village
bonds offered for sale on July 9—
v. 166, p. 101—were purchased by
the National Bank, of Wahpeton,
*
as 2s, at par, according to the Vil¬
lage Clerk. Due $870 from Aug. 1,
*1948 to 1957, inclusive.
Interest
Council
-vr'1
be
be
and
bonds
so
to
be
by lot.
(c) Any
by resolution of
notice
thereof
shall
be
published at least once in a
newspaper of general circulation
in the City of Cleveland not less
than 30 days prior to date of
demption,
terest
re¬
which date all in¬
the bonds so called
upon
upon
shall
cease.
The
bonds
will
be
secured
Sale—The $1,000,000 con¬
Bond
Erie
County
the
and
Cleveland
Trust
Co.,
Cleveland, as Trustee, constitut¬
ing a first lien upon all the prop¬
erties
now
owned
Ohio
Bond Sale—The
wright & Co. of Columbus, as
lx,4s, at a price of 100.653, a basis
of about 1.13%.
Dated July 1,
Due
1947.
with the
transportation
$5,000
on
April and
1, in 1948 to 1957, inclusive.
Interest payable A-O. Runner-up
was Hayden, Miller & Co., offer¬
Oct.
Sale—The following
Euclid, Ohio
The City
—
Council is said to have passed an
ordinance
of
ance
calling
for
the
issur
$60,000 garbage disposal
plant bonds. Due $12,000 on Dec.
1, in 1948 to 1952, inclusive.
Bond Offering — Sealed bids
will be received until noon on
24, by W. A. Abbott, City
Auditor, for the purchase of $60,000
2%
garbage -disposal plant
bonds. Denom. $1,000. Dated July
Due $12,000 on Dec. 1;
1948 to 1952, inclusive.
Bid¬
in
ders may
of
bid for a different rate
a multiple Of x/4 of
interest in
1%.
No bid is to be for less than
and. accrued interest.
The
approving opinion of Peck, Shaf¬
fer & Williams, of Cincinnati, will
be
furnished. A
$600 certified
check, payable to the city, must
accompany the bid.
'
par
Gallipolis, Ohio
Bond Offering
mick,
—
E. L. McCor-
City Auditor, will receive
sealed bids until noon on July 25,
field Dist. No. 15 bonds.
the
operation of
1949, and $2;620 in 1950,
.Bidders
Denom.
$1,000. Dated Aug. 1, 1947.
Due
on Dec. 1: $21,000 in 1948 to
1952,
and $22,000 in 1953 to 1957.
Bid¬
ders may specify a different rate
of int. in a multiple of x/4 of 1%,
payable J-D. No bid is to be for
less than par and accrued interest.
A
$5,000 certified check, payable
Cailor, County Treas¬
must accompany the bid.
July 30* by G. K. Hunsinger, Vil¬
lage Clerk,' for the purchase- of
$100,000 4% sanitary sewer bonds.
Denom.
$1,000.
Dated July 15,
1947. Due as follows: $2,000 Jan.'
and July 15 from 1949 to 1973<
Bidders may bid for different rate
of interest in a multiple of x/4 of
1%.
These are the bonds author¬
Bank, C. J. Devine & Co.,
both of New York, and the Trust
Co., of Georgia, of Atlanta, as
lV2s: r:
$840,000 series B, courthouse an¬
nex
and
juvenile detention
home
bonds, at a price of
101.309,
a
basis
of
about
1.382%.
Due Sept. 1, from
1948 to 1971, inclusive.
400,000 series A, new main Coun¬
ty district library
building
bonds, at
basis
of
price of 101.329, a
about 1.379%.
Due
a
elusive.
Dated
000.
Sept. 1, 1947. Denom. $1,next highest
bidders
The
1V2 % bonds were the First
National Bank, Chicago, Braun,
Bosworth & Co., Inc., Coffin &
Burr, and Milwaukee Co., at a
price of 101.04.
Lakemore,
Bond
will
be
Offering
Ohio
—
received
Sealed bids
until
on
noon
Aug. 4, by Adelbert P. Hunt, Vil¬
lage Clerk, for the purchase of
$8,000 3%, fire apparatus bonds.
Denom.
$1,000.
Dated April- 1,
1947.
Oxford,
will
be
Ohio
Offering
Bond
—
received
Sealed bids
until
on
noon-
at the November election in
ized
and
1946,
limited
than
No
and
par
The
payable from
are
taxes.
bids
un¬
for
less
interest.
accrued
approving opinion of Peck,
Williams, of Cincinnati,
Shaffer &
will be furnished the purchaser at
his expense.
Paint Local School District
(P. O.
Winesburg), Ohio
Offering
Bond
.
Sealed bids
will be received by H. E. Herman,
Clerk of the Board of Education,
until noon on July 29, for the pur¬
chase of $20,000 3% construction
bonds. Denom. $1,000. Dated July
15, 1947. Due $2,000 on March and
Sept. 1, in 1948 to 1952, incl. Bid¬
ders may bid for a different rate
of interest in a multiple of x/4 of.
1%.
No bid is to be for less than
par and accrued interest.
A $1,000 certified check, payable to the
Board of Education, must accom-*
pany the bid.
;
—
Due; $1,000 on Oct. 1, in 1948
'1955, inclusive.
Bidders mayspecify a different rate of inter¬
est in a multiple of % of 1%.
No
St. Bernard, Ohio
*
bid is to be for less than par and
Bond Sale —The $17,000 fire
accrued interest.
A $100 certified
check,, payable to the Village, equipment bonds offered July 14
—v. 166, p. 101—were awarded to
must accompany the bid.
to
,
,
,
the Citizens Bank of St. Bernard.
Lima City School District
(P. O.
Bond
July
the
Offering
received
be
Dated
Lima), Ohio
—
Sept.
Sealed bids
until
noon
ing bondsv Denom. $1,000.
Dated
Aug. 1, 1947. Due $75,000 on June
1, and Dec. 1, in 1948 to 1967, incl.
Bidders may bid for a different
rate of interest in a multiple of
lk of 1%; No bid is to be for less
than
par ^ and
accrued interest.
Principal and interest (J-D) pay¬
These
Bank
National
bonds
were
of
apr
proved by the voters at an elec¬
tion held on June 10, and are sup¬
The
ported by. an unlimited tax.
approving opinion of Squire, San¬
ders and Dempsey, of Cleveland,
will be furnished.
A $10,000 cer¬
tified check, payable to the ClerkTreasurer of the Board of Educa¬
Bond
River
Township
(P.
O.
Dayton), Ohio
~
Sale
Note
—
The
$60,000
fire
protection notes offered for sale
on July 11—v. 165, p. 3443—were
purchased by Ryan, Sutherland &
Co., of Toledo, according to the
Clerk ofThe Board of Trustees
Dated
1, 1947. Due $60,000
.1, 1948 to 1957; incl.
May
from Nov.
Offering
received
be
will
—
Sealed bids
until
noon
on
July 29, by Rudy Klein, City
Auditor, for the purchase of $35,000 3% coupon sidewalk improve¬
ment bonds. Denom. $1,000. Dated
Aug. i,-1947. Due Aug. 1, as fol¬
lows: $17,000 in 1949, and $18,000
in
1950.
Principal and interest
payable at the Chemical Bank &
Trust Co., New York City.
The
bidder may name a different rate
of interest in multiples of y4 of
1%.
No bid for less than par and'
accrued interest to the day of de¬
livery will be accepted. The bonds
will be awarded to the highest
responsible* bidder offering not
less than par and accrued interest
based upon
the lowest rate of in¬
bonds may be ex¬
changed for bonds registered as to
principal and interest at the. re¬
quest of the owner.
The bonds
will be delivered to the buyer at
Toledo.
All proceedings incident
to the proper authorization of this
issue will be taken under the .di¬
terest.
tion, mtist accompany the bid.
Mad
j
Toledo, Ohio
3lj by E. L. Baker, Clerk of
of Education, for the
purchase of $3,000,000 2% build¬
■
clusive.
Board
at "the".
July 1, 1947 and due on
from 1948 to 1957,' in¬
1
on
Said
.
rection of
bonds
bond
a
attorney whoge
to the legality of tfce
may be -procured by the
opinion
as
purchaser at his expense. Enclose
certified check for 1% of, the
amount of bonds bid for, payable
to the Commissioner of the Treas¬
a
Township (P. O. Mans~
field), Ohio
Madison
.
j
of
Clerk
Paid—The
Price
the
report?
that the $10,000 Ridge Road im¬
provement
bonds
sold
to
the
Board
of
Citizens
Trustees
National
now
Bank
&
Trus*
Co., of Mansfield—v. 165, p. 3443
were
purchased by the said
bank as iy2s, at a price of 100.20
a basis of about 1.38%. Dated July
1, 1947. Due on Jan. and July 1
—
for
on
a.m.
tional
July
1, 1947.
11
Cox, Clerk
of the Board of County Commis¬
sioners, for the purchase of $215,000 water supply, 2% Cornersburg
Dist. No. 14, and Austintown-Can-
urer,
Lima.
Authorized
Bonds
Sealed bids
C.
bonds
amounting to $1,240,000 and of¬
fered for sale on July 14—v. 165,
p 62—were awarded to a syndi¬
cate composed of the Chase Na¬
able
ing 100.622 for iy4s,
system,, and
hereafter
acquired by the City and used in
connection
$100,000 Huron
Bridge bonds offered for
sale on July 10—v. 165, p. 3443—
were
awarded to Sweney, Cart-
River
—
by John
Youngs-
to Frank E.
nati), Ohio
will
purchase of $7,620 2x/2%
improvement bonds.
Dated July
21, 1947.
Denom. ,$500, one for
$620. These bonds are due Oct. 1,
as
follows:, $2,000 in 1948 and
or
Hamilton County (P. O. Cincin¬
(P. O. Sandusky),
by
be' ex¬
by and between the City
are due $1,400
Sept. 15, from 1948 to 1967.
Bond
Offering
30,
for
Indenture of Mortgage to
the
•
U:-
shall
shall
ecuted
Sale —The
;-payable Aug. 1.
V' ,.o3 Y,
called
the
$1,400. These bonds
City Sch. Dist.
Ohio
1967; 1% if called on Jan. 1, 1968,
thereafter to
and including
of
a
Co., -of Cincinnati, as
price of 100.246, a basis
Sept. 1, from 1948 to 1971, in-
(P. O. Cleveland Heights),
or
selection
con¬
of about 2.472%. Interest payable
M-S. Dated Sept. 15, 1947. Denom.
•
any
July 1, 1972; x/2 of 1% if called on
Jan. 1, 1973, or thereafter.
The
bonds maturing Jan. 1, 1977, shall
be called by lot. Bonds maturing
after Jan. 1, 1958, to and including
Jan. 1, 1972, shall be called in the
inverse order of maturity, and if
less
than
the
entire
principal
amount of such bonds maturing
upon any principal payment date
is called prior to maturity, the
2y2s, at
Discount
purpose
bonds, on Jan. 1, 1958, or
interest payment date there¬
after,. but only after all bonds
Dated June 1, 1947. .Denomination maturing Jan. 1, 1977, shall have
been called and paid; and in both
$1,000. Due June 1, as follows:
$1,000 from 1948 to 1952 inclusive; cases at par and accrued interest
$2,000 from 1953 to 1956 inclusive, to date of redemption plus a pre¬
and $1,000 in 1957. Principal and mium according to the following
interest (J-D) payable in
New schedule; 3% if called on Jan. 1,
York City. Rate or rates of in¬ 1953, or thereafter to and includ¬
terest to be expressed in a multi¬ ing July l, 1957; 2^2% if called
ple of y4 of 1%.
Legality ap¬ on Jan. 1, 1958, or thereafter to
proved by Reed, Hoyt & Wash¬ and including July 1, 1962; 2% if
called on Jan. 1, 1963, or there¬
burn of New York City.
after to and including July
1,
same
$14,000 not to exceed 6% interest
coupon street improvement bonds.
&
considered.
Cleveland Heights
$28,000
53—were awarded to Fox,
p.
of
struction, Series 43 bonds offered
of refunding: on Jan. 1, for'sale on July 14—v. 165, p. 3443
1953, or on any interest payment —were awarded to a syndicate
date thereafter at par and accrued
composed of Halsey, Stuart & Co.*
interest
to
date
of
redemption Northern Trust Co., of Chicago,
Washington, N. C.
plus a premium according to the First of Michigan Corp., of New
Note Offering—W. E. Easterling, following schedule: 4% if called
York, A. G. Becker & Co., of Chi¬
Secretary of Local Government on Jan. 1, 1953, or thereafter to
cago, as iy2s, at a price of 100.182,
Commission, will receive sealed and including July 1, 1957; 3% if a basis of about 1.48%.
(The
bids at his office in Raleigh until called on Jan. 1, 1958, or there¬
award of these bonds was held up
11 ami. (EST) on July 22 for the after to and including July
1, for a short time, pending decision
purchase of $100,000 not to exceed 1962; 2% if called on Jan. 1, 1963, of the Board of Education on a
and including
6% interest electric light system or thereafter to
request by another syndicate, to
bond
anticipation notes.
Dated July 1, 1967; 1% if called Jan. 1, withdraw a higher bid which had
"Aug. 1, 1947. Due Feb. 1, 1948. 1968, or thereafter to and includ¬ been submitted in error.)
Dated
Principal and interest payable at ing July 1, 1972; par if called on Aug. 1, 1947.
Due $50,000 from
a bank or trust company named Jan. 1, 1973, or thereafter to and
Dec. 1, 1948 to 1967, inclusive. In¬
by the bidder. Legality approved including July 1, 1976. (b) In part: terest payable J-D. Second best
with respect to bonds maturing bid was an offer of 100.158 for
by Reed, Hoyt & Washburn of
New York City.
Jan. 1, 1977, on Jan. 1, 1953, or
iy2s, submitted by Braun, BosBond Offering—Mr, Easterling on
any
interest payment date worth & Co., Inc., and associates.
will receive sealed
bids at the thereafter;
with respect to all
July 8 the voters authorized $18,*
000
bonds
as
follows:
$12,000
street
construction
and
$6,000
town hall building.
166,
Reusch
City will be accepted, such ac¬
ceptance to be approved by the
bids
The
—
struction and improvement bonds
offered for sale on July 11—v.
sale, the highest bid based upon
The lowest interest cost to the
Director
Sale
Bond
July
Ohio
Bond
Mahoning County (P. O.
town), Ohio
will be received until
Hamden Local School District,
~
than
City, is required.
in
In whole for the
(a)
to the
prospective
office
different rate of in¬
a
terest in multiple of x/4 of 1%.
A
certified check for $80, payable
Indenture
set forth
to
bid for
may
Mortgage, in which said Ordi¬
nance
shall be at
Cleveland, Ohio
on
Copies
ure.
the
Inc.
Dated
non-exclusive franchise for oper¬
ation thereof in event of foreclos¬
Indenture
OHIO
Cardington
the net operating revenues
thereof, and including a 20-year,
upon
Dak.
N.
Hcnkinson,
Bond
'
Monday, July 21, 1947
in
1949
to
1953.
Interest
payable
ury.
'
■
•
Washington Local School District
"
(P.
O. Armstrong Milli), Ohio
Bond
Sale
struction
on
•—
bonds
July 9
were
First National
The $35,000 Con*
offered
for
awarded
to
sale
tne
Bank, of Powhat-
tan
Point, as 2s, at a price pf
100.285, a basis of about 1.964%.
Dated July 1, 1947. Denoms. $2,-*
)00 and $1,000.
These bonds are^
Volume 166
Oct.
due
Number 4613
rrrrz.
THE COMMERCIAL & FINANCIAL
CHRONICLE
]
follows: $2,000 in preliminary ; survey of construc¬
1948 to 1962, and $1,000 in 1963 to
costs between
j tion
$25,000 and
1987.
Interest payable A-O.
i $35,000.
-;
-V
.
Although investment bankers
Wayne Township k Local School
had indicated they would advance
District (P. O.R. R. No. 9,
the money for
the, preliminary
Daytcn 3), Ohio
surveys, .the
Governor said he
Bond Offering — Sealed bids
1,
as
PENNSYLVANIA
received, until
be
noon
would rather have the
funds advanced
on
preliminary
by, citizens than
July 24, by W. R. Baldwin, Clerk
of the Board of Education, for the by bankers who expect to buy the
turnpike revenue bonds. This, he
purchase of $87,000 3% building
bonds. Denom. $1,000. Dated July explained, would avoid /mty/ ob¬
1 1947- Interest payable J-D. Due ligation of the State to bankers
$2,000 June , and Dec. 1, 1948 to making investments even/though
the bonds are sold at
public auc¬
1950, $1,000. June and $2,000,Dec.
tion. Those,
1 -1951, $2,000 June and Dec. 1,
advancing the money,
iL Was said," will be
reimbursed
1952 to 1954, $,1000 June and $2,after the bonds are sold.
©00 Dec- 1, 1955, $2,000 June and
Dec. 1, 1956 to 1958, $1,000 June
Okmulgee, Okla.
and $2,000 Dec.
1, 1959, $2,000
Bond Election—At an election
June and Dec. 1, I960 to 1962, $1,- scheduled for
July 22 the voters
000 June and $2,000 Dec. 1* 1963, will
again pass on the issuance of
$2,000 June and Dec. 1, 1964. to the $194,000 street
improvement
1966, $1,000 June and $2,000 Dec. bonds that were rejected
by them
1/1967, and $2,000 June and Dec.
1 1968 ito 1970.
Bidders may bid
on
,
•.
1946he election held
for
Poteau, Okla.
multiple of 34 of 1%. No bid for
a
Nov
different rate of interest in
a
}
•
received.
Price Paid—The $16,000 airport
bonds awarded July 1 as
234s to
R, J. Edwards, Inc., of Oklahoma
of
City,
;
less than par and accrued inter¬
est.
No conditional bids will be
The approving opinion
Peck,. Shaffer & Williams, of
Cincinnati, will be furnished to
the successful bidder without cost.
These are the bonds authorized
the
at
election
Enclose
held
June
on,
v.; 166,
price of
burgh), Pa.
of the amount of the
bonds,
ing
pay-
•
at
are
5,
1947.
t
the
Dated
bonds.
Bonds
Price
ment
Altus School District (P. O.
Altus), Okla.
Purchasers—The
Board
of
•'
■'
of
Clerk
Education
the
states
now
that the bonds
sold
on
100.04,
v. 165,
aggregating $25,000
June 23 as 2s, at a price of
basis of about 1.99%—
3443—were purchased at
a
p.
Offering
received
until
4
p.m.
bonds
divided
election
on
1955."
June
24.
will
be
Offering
received
until
8
p.m.
on
July 30, by W. T. Bratton, City
Clerk, for the purchase of the fol¬
lowing bonds aggregating $97,500.:
$90,000 sewer, and $7,500 street
bonds." Interest rate is not to
ceed
These
ex¬
6%, payable semi-annually.
bonds
the voters
on
approved
were
by
July 8.
*
sold
to
Calvert
follows: $20,000 as 1-34 S;
as
'
..
re¬
in
'
an
issue of
$8,000 water bonds.
election
on
an
sealed
21
not
bids
until
8
.
would
the
be
p.m.
raised
citizens
shortly-be¬
of
the
provement
bonds. Dated Aug/ 1,
Aug/ 1, as follows: $4,332.22
in
1949; $4,000, 1950 to
1954
inclusive; $5,000 from 1955 to
1957 inclusive, and $5,500 in
195$.
1947. Due
quired.
turnpike between Oklahoma City
and
Tulsa, construction of which
was authorized by the 1947 Okla¬
homa
Legislature under a laW
effective August 6.
.
!
Governor
Turner
said
he
planned to take the responsibility
of selecting a firm of nationally
recognized traffic engineers to be
Multnomah County Sch. Dist
No. 40 (P. O.
Portland),
National
l%s, at
and
when
the
becomes
law
effective
August $ and the- turnpike, au¬
thority provided for in the legis¬
lation
was
can
take
estimated
over.
the
He said
traffic
it
survey
would cost about $15,000, and the
awarded
Bank
par.
due
on
Dist.
-
the
1
First
Portland,
as
Dated July.1,/1947
July 1 from 1949 to
1958 inclusive.
Yamhill
of
to
™
"
County, McMinnville
■■
Sch
No. 40
of
100.133
,
Secretary of
of Trustees states that
$50,000 building bonds were pur¬
chased recently
by the RansonDavidson Co., at a price of
100.60,
Refunding
Offer
A
balance
of
$16,500,000
revenue
trust
on
tion
gas
by
the
wide
a
p.
opened
on
voters
recent elec¬
a
are
said
to
—
for
bonds
The
County Court is said
voted
down
to
that
election
an
to have
issuance
Bonds
Voted—The
clusive
name
a
industrial
issuance of
plant
bonds
heavy majority at a
election,
according
to
of
Schools
a
syndicate composed of R. A. Un¬
& Co., Hatcher &
Co.,
Dallas, and the First State*
derwood
as follows: $140,$14,000 from May
15, 1948 to 1957; the remaining
$160,000 as 234s, due $20,000 from
May 15, 1958 to 1965. Dated May
15, 1947.; Interest payable M-N.
Legality approved by -Dumas &
2 34 s, due
as
Dumas
Abilene, Texas
Bonds
.
that
both of
Huguenin, of Dallas.
TEXAS
multiple of
34th of 1%.
A certified check for
2% of the bonds, payable to order
of the District
Treasurer, is re¬
■.
$300,000 school house, Series 1947
bonds were purchased
recently by
000
report.
recent
;
Bank, of Dumas,
Trenton, Tenn.
principal -only. Bid¬
a
single rate of in¬
bonds.
Dumas Indep. School District
(P. O. Dumas), Texas
;
Bonds Sold—It is stated
by the
carried by a
terest, expressed in
ment
Superintendent
It is reported
will be held on
—
bonds.
$100,000
be
scheduled for July
29,
the proposed issuance
of $7,000,000 water and seyrer improve¬
of
16, to have the voters pass
issuance of $1,200,000 sewer and water system
'Dated
to
a
the proposed
on
improve¬
Sept. 1, 1947.
Denomination $1,000. Due
$5,000
on Sept.
1 from 1948 to 1962 in¬
der to
(P., O. Dallas), Texas
>.
Election—An election is
said
1
the
Oct.
Pa.
receive sealed bids until 7:30
p.m.
(DST) on July 29 for the pur¬
chase of $75,000 coupon
to
V
on
Paris, Tenn.
Offering— Howard
S.
Fernsler, District Secretary, will
as
\
—
plan calling for
on
Bond Election
interest.
bonds.
12.
Dallas County <Water Control and
Improvement Dist. No. 2
$4,000,000 County Hospital bonds.
redemption
School District,
a
referendum
Bond;
ment
July
•
County (P. O. Nash•
ville), Tenn.
Referendum Defeated
Bond
Aug. 1, 1967, or on any subse¬
quent, interest date, at par and
Pottsville
the voters at the
election held on
Bond
Davidson
on
accrued
July 21, for the purchase of the
$800,000 road bonds, approved by
The issuance of
TENNESSEE
1001
July 22.
Offering—It is stated by
the County Judge that he will
re¬
ceive sealed bid^ until 10
aun. on
con¬
23—v.
No.
on
Bond
revenue bonds is
said to have been
approved by the,
voters at a recent election.
166,
102—it is announced that bids
be., made for non-callable
or
,
Columbus), Texas
have
$70,000 electric
the
;
Colorado County
(P. O.
Tyndall, S. Dak.
may
bonds
purchased
Coleman, Texas
margin.
Pa.
July
been
Lake, S. Dak.
Bonds Voted
$1,500,000 water
bonds for which sealed bids will
be
have
Bond Election—The
issuance of
$65,000 fire station bonds will be
submitted to
the
voters at an
approved the issuance of $15,000
light plant improvement bonds by
July 17.
Pottstown,
to
Crowe, of Dallas.
all
on
said
election to be held
certificates.
approved
unlimited ad
levied
Bonds Voted—At
Accepted—Offer, of the
Philadelphia National Bank, as
agent for 14. other local institu¬
was
an
be
SOUTH DAKOTA
Timber
Offer
basis
to
au¬
June 23,
recently by R. A., Underwood &
Co., of Dallas, as 234s and 234s.
Dated June 1, 1947.
Legality ap¬
proved by McCall, Parkhurst &
property in the district.
Legality approved by Huger Sin¬
kler of Charleston.
group
334%
tax
on
taxable
Na¬
tional Bank has submitted a
pro¬
posal to refinance the outstanding
r
payable from
by the Philadelphia
works
is
payable at the Chemical
Bank & Trust
Co., New York, or
at the Citizens &
Southern Na¬
tional Bank,
Charleston.
Bonds
are
election
Indep. Sch. Dist.
(P. O. Clarendon), Texas'
Bonds Sold—A
$30,000 issue of
construction and equipment bonds
$5,000 from 1957 to 1965 in¬
Principal and
interest
valorem
an
Clarendon
(J-J)
Pa.
—
were
clusive.
for
Sold —It is stated
that
$100,000 refunding, Series of 1947
Legality to be approved bonds were purchased
recently by
Townsend, Elliott & Munson R. A. Underwood & Co., of Dal¬
Philadelphia.
las, as l34s, and 234s. Dated May
15, 1947.
Legality approved by
Shaler Township Sch. Dist.
McCall, Parkhurst & Crowe, of
(P. O. Glenshaw), Pa.
*
,
Independent Sch. Dist.,
Texas
Bond Legality Approved — An
issue of $300,000 234% and
234%
quired.
school
by
been approved as to
legality by
Dumas & Huguenin of Dallas. The
bonds are dated May
15, 1947. ;
of
Dallas.
Sale—The
$150,000
im¬
provement bonds offered July 15
166, p. 207—were awarded to
Blair" & Co., Inc., as
134s, at a
price of 100.29, a basis of about
1.20%. Dated Aug. 1, 1947 and due
$15,000 on Aug. 1 from 1948 to
1957 inclusive. Second high bid
of 101.53 for 134 s was made
by a
group composed of E. H. Rollins
& Sons, W. H. Newbold's Son &
Co., and Glover & MacGregor.
(P. O. McMinn¬
Shippen Township School District
ville), Ore.
;
V (P. O. Emporium), Pa.
v. Bonds Voted—The
Clerk of the
Bond Sale—The $34,000 school
Board of,Education states
that the bonds offered for sale on June 23
voters approved by a wide
margin —v. 165, p. 63—were awarded to
the issuance of the,
$135,000 con¬ the Emporium- Trust Co., of - Em¬
struction bonds, submitted at
the porium/ as
234s, at a price of par;
election on July 1.
Interest payable J-D. Dated June
r
Sold—The
the Board
thorized at
inclusive,
Andrews County (P. O.
Andrews),
Bond
Sale—The
Trust Co., of
on
July
road
14
bonds
Dallas,
an
as
building bonds of
Dallas
Union
was awarded
issue
of
134 s, at
a
$100,000
price of
100.375.
1947 has
Duncanville Indep., Sch. Distal
(P. O. Duncanville), Texas
Bonds
Sold
—
$42,000
T exas
—v.
Oregon
Sale—The $93,000 school
bonds offered July 14—v.
166, p.
i,
ready Jo start the traffic survey
'
Bond
207—were
a
Antonio),
T exas
Bonds
basis of about
1.98%.
Dated
July 1, 1947. Due July 1, as fol¬
$8,000 from 1949 to 1956,
and
"...
headed
Bond
above
two cities and intermediate cities,
were
by Hess, Blizzard
Philadelphia,
July
on
the purchase of $44,832.22
to
exceed 6%
interest-im¬
•
looking toward the financing of
preliminary surveys for a toll
,
& Co.
for
...
000
bid
made
1500 being subject to
Gresham, Ore.
Bond
Offering — George W.
Page, City Recorder, will receive
No. 16 (P. O.San
issue of $200,000
improvement
as 2s, at a
price of 100.144,
an
bonds
1947.
Denomination $1,000. Due
July 1, as follows: $2,000 in 1948
and 1949; $3,000 in 1950 and
1951;
$4,000 from 1952 to 1956
offered
—
Bonds May Be Callable—In
nection with the
Water District (P. O.
Multnomah), Multnomah
County^ Ore.
an
high
was
an
Bertha
Bonds Voted—At
—
on
voters authorized
<
tween
134 s
rate
^
,
project.
of government, rather than
form. The change
commission
a
inclusive; $10,000, 1957 to 1959,
Ashley School District (P. O.
inclusive; $11,000 in 1960 and
Ashley), Pa.
11961, and $12,000 from 1962 to giving a net interest cost of about
Bond Sale—The $70,000
coupon
3.12%, divided as follows: $20,000
1968, inclusive. Interest J-J. The
as
improvement, Series 1947 bonds
2%s, due $2,000 from June 1,
bonds are general
obligations of 1948 to
offered for sale on July 10—v.
1957; the remaining $30,.the city, payable from
unlimited 000
"166; p.* 102—were awarded to the
as
334s, due $2,000 from June
taxes.
Legality
approved / by
Fixst National Bank, of Ashley,
1, 1958 to 1972. Int. payable J-D.
Huger Sinkler of Charleston.
as 134 s, at par,
according to the
Cedar Hill
Independent
St. Phillip's and St. Michael's
Secretary of the Board of Direc¬
Sch. Dist., Texas
tors.
Dated July 1, 1947.
Public Service District
Due
(P. O.
Bonds Sold—An issue of
$50,000
$7,000. from Nov. 1, 1948 to 1957,
Charleston), Charleston
school building bonds was pur¬
inclusive.
Interest payable M-N.
County, S. C.
chased as 234 s and 3s
Bonds
Runner-up in the bidding was
Purchased—Frost, Read Texas Bank & Trust Co. of by the
Stroud & Co., offering 100.394 for & Simons of
Dallas.
Charleston recently;
Dated July 1, 1947. Legality
l%s.:
purchased
an
ap¬
issue
of
$75,000 proved
by McCall, Parkhurst &
sewer bonds as 2s.
Dated July 1,.
y- Northampton County
(P. O.
Crowe of Dallas. Bonds
City Council
election
form
lows:
to refinance the gas trust
certificates on a 1.83% interest
the
.
was
Marion, S. C.
subsequently made and the
Bond Sale
F. W, Craigie & bond, proposals
again, submitted
Co., of Richmond, and Hamilton to a vote,
& Co., of
Chester, in joint ac¬
Bexar County Common Sch. Dist.
count, were awarded on July 15
tions,
OREGON
i
.
SOUTH CAROLINA
v
&
Hugo, Okla.
Bond Sale-rThe $290,000 sew¬ Interest F-A. "A certified
check
age disposal extension bonds of¬ for $900 is required.
\ ;
fered July 15 — v. 166, p. 53
k.
Hillshoro, Ore.
were
awarded to R. J. Edwards,
Bond Offering—E. M.
Bowman,
Inc. of Oklahoma City. Due $14,City Recorder, will receive sealed
000 from 1950 to 1969, inclusive,
bids until 5 p.m. on
July 28 for
and $10,000 in 1970.
i
the purchase of
$160,000 water
Oklahoma City and Tulsa, Okla.
system bonds. Dated July 1, 1947.
Connecting Toll Turnpike Con¬ Denomination $1,000. Due
$10,000
templated — Governor Roy J. on July 1 from 1950 to 1965 in¬
Turner has been assured by ad¬ clusive. A
certified check for 2%
vocates .of the- proposal that $50,- of the amount of the
bid is re¬
...
contribute their share toward the
cost of the
Aug. 1, 1947 and due on
Aug. 1 from 1949 to 1961 inclusive.
the
of
June 20 the voters authorized
issue of $8,000 water bonds.
Sealed bids
—
have been authorized by
State,
and
Westmoreland
County - officials are expected to
Second
Amity, Ore.
on
Guymon,Okla.
Bond
Clerk
due $4,000 in 1950 to 1954; the
maining $5,000 as l%s, due
July 21, by the City Clerk, for the
purchase of $30,000 sanitary sewer
bonds, approved by the voters at
an
to
the
Dated
■
.
July 1
Sealed bids
—
said
awarded to Moncure Biddle & Co.,
l.vas
par.
Bonds Voted—At
will be
July,
Canfield,
of
Oklahoma
City—,
v.
165, p. 3443—were purehasedi
by the said firm at a price of
100.10, giving "a net interest cost
of
about
1.55%, on the ; bonds;
time by the First National
Bank, and the National Bank of
Commerce, both of Altus, jointly.
Good well, Okla.
$4,000,000 AlleghenyWestmOreland County Toll Bridge.
An appropriation of
$3,000,000 is
a
J.
Paid—The
that
Bond
of
and improvement bonds
July 16 — v. 166, p. 102
Snyder School District (P. O.
Snyder), Okla. "
June
OKLAHOMA
1
District, Okla.
authorized Eoard of
Education now states that
1946
general
the $25,000 transportation equip¬
November
share
Easton), Pa.
were
election.
An issue of
—
bridge bonds was ap¬
proved recently by the County
Commissioners, as the county's
.
The $28,000 build¬
awarded
price of
a
being made for an 'Offering of
$90,000 storm and sanitary sewer
construction
.
Bonds Approved
Edwards, Inc., of and Yarnall & Co., both of Phila¬
Oklahoma City, as
previously re¬ delphia, jointly, as 134 s, at a price
ported in v. 166, p. 207 were sold of 100.148, a basis of about 1.105%.
•
Wilmington, Ohio
Plans Bond Offering—Plans
bonds
to R.
234s
able to the Board of Education.
,
—
a ruling of the State
Attorney
General which held that the
city
be under an aldermanic
should
■
•
Bond Sale—The $200,000 bridge
Poteau School
-Price Paid
by
i
•'
$750,000
par.
4.
certified check for 1%
a
to 1964.
59
...
previously < reported in
p. 207—were sold at a
as
1947. v Denom. $1,000.
These
are due
$2,000 June 30,1948
bonds
Allegheny County (P. O. Pitts¬
,
will
30,
\ (315)
334%
struction and
It
is stated that
semi-annual
con¬
equipment bonds
were
purchased recently by the
Texas Bank & Trust
Co., of Dal¬
las. Dated July 1, 1947.
Legality
approved by McCall, Parkhurst &
Crowe, of Dallas.
Bellaire, Texas
Bonds Voted—At
an election on
12 the voters approved the
issuance of $1,000,000
bonds, as
July
follows:
Eden, Texas
Bonds
held
Voted
—
recently the
At
an
election
voters
author¬
issue of $25,000 fire sta¬
tion bonds.
'
ized
an
$350,000 water system
$350,000 sewer improve¬
ment revenue;
$160,000 street im¬
Fort Worth, Texas
Bond Sale
provement; $65,000 park; $69,000
The coupon bonds
community center; $5,000 fire sta¬ totaling
$2,250,000,
offered
for
tion, and $1,000 city hall bonds. sale on July 15—v.
165, p. 3444—
revenue;
—
Prior approval of the bonds
election
on
Jan. 25
was
at
an
nullified
were awarded to a
syndicate com¬
posed cf Bear, Stearns & Co., of
THE COMMERCIAL &
(316)
60
the Commerce
New York,
Davis
Jeff
Union
County
O.
(P.
Davis), Texas
Detmar & Co..
Bond Legality Approved — An
of Chicago, Roosevelt & Cross, of
issue of $30,000 2y4% and 2V2%
New York, Fahey, Clark & Co.,
road bonds of 1947, dated June 1,
the National City Bank, both of
Cleveland, V. C. Sattley & Co., of 1947, has been approved as to
legality by Dumas & Huguenin of
Detroit, Dempsey-Tegler & Co., of
Dallas. The bonds were authorized
St. Louis, Lucas Farrell & Satterat an election on May 3.
lee, of Kan. City, Piper, Jaffray &
Hopwood, of Minneapolis, Hayden,
Katy Indep. Sch. Dist. (P. O.
Miller & Co., of Cleveland, the
Katy), Texas
Bonds Voted—At a recent elec¬
Weil, Roth & Irving Co., Wm. C.
Seufferle & Co., both of Cincin¬ tion the voters approved the issu¬
of
nati, and Moss, Moore & Co., of ance
$250,000
construction
Dallas, at a price of 100.0078, a bonds by a count of 43 to 17.
net interest cost of about 2.10%,
Lubbock Indep. Sch. Dist. (P. O.
on the bonds divided as follows:
Fort
Bank, of Nashville,
Bonds
bonds, taking $5-38,000
74
Series
improvement,
street
$750,000
$952,000 Middletown Housing Au¬
thority, Conn., notes, at .85%; $1,564,000 Decatur Housing Author¬
ity, 111.; $2,108,000 St. Clair County
Housing Authority, 111., notes, at
.86%; $9,150,000 Boston Housing
Authority, Mass.; $6,176,000 Jersey
City Housing Authority, N. J.;
$990,000 McKeesport Housing Au¬
thority, Pa., notes, at .88%, and
$384,000 Albany Housing Author¬
ity, Ga.; $315,000 Augusta Housing
Authority, Ga.; $215,000 Cleburne,
Conway, Faulkner, Lee, Lonoke,
Monroe,
Perry, Phillips,. Pope,
Prairie, Stone, Van Buren, White
and Woodruff counties, Regional
Lubbock), Texas
Voted — It is officially
Housing Authority, Ark.;
$463,000
Authority, Tex.;
$335,000 Meridian Housing Au¬
thority, Miss., and $358,000 Or¬
lando
Housing Authority,
Fla.,
notes, at .97%.
The Bessemer Trust Co., of Jer¬
Lubbock Housing
stated that $1,500,000 construction
June 1, $23,000 in
bonds were approved by the vot¬
in 1949 and 1950,
ers at the
election held on July
$25,000 in 1951 and 1952, $26,000
i2.
/,
in 1953 and 1954, $27,000 in 1955
and 1956, $28,000 in 1957 and 1958, McLennan County (P. O. Waco),
sey City, was the successful bid¬
Texas
$29,000 in 1959 and I960, $30,000
der for the $326,000 Asbury Park
Bond Election—The issuance of
in 1961, $31,000 in 1962, $32,000
Housing Authority, N. J., notes,
in 1963 and 1964, $33,000 in 1965, $425,000 road improvement bonds
at-.85%, plus a premium of $3.50.
$34,000 in 1966, $35,000 in 1967, will be submitted to the voters at
and $182,000 2 y4s, maturing June an election scheduled for Aug. 23.
VERMONT
1
$35,000 in 1968, $36,000 in 1969
Midland Independent Sch. Dist.
and
1970, $37,000 in 1971, and
Concord Sch. Dist. (P. O. Con¬
(P. O. Midland), Texas
cord), Vt.
$38,000 in 1972.
Bonds Sold—It is stated by the
2s, maturing
1948, $24,000
and Live¬ Superintendent of Schools that the
Bond Sale Details—The Town
Series 77
$1,000,000
construction
bonds Treasurer now states that the
$570,000 2s, matur¬ which were approved by the vot¬ $78,000 public school bonds sold
ing June 1, $24,000 in 1948 and ers at an election held on May 24, to Kenneth B. Hill & Co., of Bos¬
1949, $25,000 in 1950 and 1951,
ton—v. 166, p. 102 — were pur¬
have been sold.
$750,000 Agricultural
Exhibit Building,
stock
bonds, taking
$26,000 in 1952 and 1953, $27,000
in 1954 and 1955, $28,000 in 1956
and 1957, $29,000 in 1958 and 1959,
$30,000 in 1960
and 1961, $31,000
1963, $32,000 in 1964
1965, $33,000 in 1966 and 1967,
in 1962 and
and
$180,000 2Y4S, maturing
l; $35,000 in 1968 and 1969,
000 in 1970, and $37,000 in
and
June
.
—
semi-annual, water works revenue
bonds offered for sale on June 16
—v.
165,
system
plant, Series
100.11,
as
fiscal agency of the State in New
York
at
June
on
7.
at
an
certified
A
rate.
Principal and interest pay¬
able in lawful money at the State
Treasurer's office, or at the Na¬
tional
City
York.
New
Bank,
These bonds
bid, payable to order of the city,
is required.
thority of amendment to the Con¬
stitution
known
as
$50,000,000
Sale
—
The
under
$7,000,000
series
LS-5, light and power rev¬
enue
refunding, 1947 bonds of¬
fered for sale on July 14—v. 166,
p,
55—were awarded to a syn¬
dicate composed of Halsey, Stuart
&
are
Co., Lazard Freres & Co., Leh¬
Bros., Phelps, Fenn & Co.,
Union Securities Corp., Goldman,
Sachs & Co., Estabrook & Co., R.
W.
Pressprich
&
Co.,
Merrill
Lynch, Pierce, Fenner & Beane,
Hallgarten & Co., Eastman, Dil¬
lon &
Co., Equitable Securities
Corp., Graham, Parsons & Co.,
Otis & Co., Gregory & Son, Geo.
B. Gibbons & Co., Inc., Chas. E.
Weigold & Co., all of New York,
R. S. Dickson & Co., of Charlotte,
Bacon, Whipple & Co., of Chi¬
cago, Stroud & Co., of Philadel¬
phia, Watling, Lerchen & Co., of
Detroit,
Cruttenden & Co., of
Chicago, Walter, Woody & Heimerdinger,
of
Cincinnati,
and
Gleorge
K.
Eaum
&
Co., of
Kansas City, as 2s, at a price of
100.135, a net interest cost of
1.99%.
Interest
F-A. Dated
Session known
1,
1947.
1954
from
to
119, passed March 3, 1945.
To secure the payment of this
bond, principal sum and interest,
when
other
sufficient
that
funds
the
eral
bonds
an
Securities
State, shall
be levied and
to
annual \State
tax
on
in the State, until
this bond is fully paid; sufficient
to pay the annual interest on this
bond
and, the
principal
sum
property
thereof within the time this
becomes
due
and
bond:1
The:
payable.
bonds cannot be sold at less than
and
par
from
:
accrued *.'■ interest.
interest
crued
to
be
Ac¬
calculated
June
1, 1947.
First two
to be cancelled. The pur¬
chaser or purchasers will be fur¬
nished with the final approving:
coupons
opinion
of
Caldwell,
Marshall,/
York,,
required to pay the
Trimble & Mitchell, of New
but
will
fee for
inclusive.
close
be
approving the bonds.
for
check
certified
a
En¬
2%
of the face value of the bonds bid
for,
payable to the State.
$1,700,000 gen¬
obligation sewage 'disposal
offered July 15—v. 165, p.
awarded to
for
agreed
the
of
collected
syndi¬
cate composed of Bear, Sterns &
Co., Roosevelt & Cross, Bramhall,
Barbour & Co., all of New York,
Bristol, Va.
Works
cause
all
is
limits
annually
revenues
available
that
prescribed by
the Board of
it
Constitution,
Public
Spokane, Wash.
Bond Sale—The
the
and
not
are
purpose,
within
Denomination $1,1970,
Enrolled House
as
Bill No.
These bonds are due Aug. 1,
000.
au¬
authority of an Act of the
Legislature, 1945. Regular
State
man
Aug.
issued under
State Road Bond Amendment and
Seattle, Wash.
Bond
VIRGINIA
Co., of Dallas; and the Columbian
option.
check for 5% of the amount of the
3336—were
Angelo, Texas
Sale—Rauscher, Pierce &
holder's
authorized
were
election
a
San
Bond
City,
Bonds
,
1971
$750,000 sanitary sewer
3108—were awarded to
p.
the Ranson-Davidson Co.
$36,-
1972.
and
13/4s, at a price of
basis of about 1.735%.
Due on Jan. 1 in 1949 to 1967. In¬
terest payable J-J.
Second best
bid was an offer of par for 13/4s,
tendered by the National Shawmut Bank, Boston.
/
chased
Pharr, Texas
Bond Sale
The $50,000 2%%
Monday, July 21, 1947
FINANCIAL CHRONICLE
a
WISCONSIN
Marietta
Bond
(P. O. Boscobel), Wis.
Sale—It
Attorney
is
stated
for the Town
by
'
the
that the
$40,000 3% annual road bonds Of¬
fered for sale on June 11, were
Corp., of Texas, of San
Bond
Offering—W. J. Fickle,
disposal
National City Bank of Cleveland, awarded to the Milwaukee Co.,.
taking $570,000 2s, ma¬ Antonio, jointly, were recently Jr., City Manager, will receive
of Milwaukee, at public auction,
awarded a total of $280,000 bonds
Wurts, Dulles & Co., of Philadel¬
sealed bids until 4:30 p.m. (EST)
turing on June 1, $24,000 in 1948
at a price of 102.45, a basis of
on a bid
based on a net interest
phia, and Robert Hawkins & Co.
on
and 1949, $25,000 in 1950 and 1951,
July 30 for the purchase of
about'2.145%.
Due in
1948 to
of Boston, at a price of par, a net
cost of 2.211%.
The bonds were
$26,000 in 1952 and 1953, $27,000
$300,000 water works, sewer and
interest cost of about 1.44367%, as 1952, inclusive. Runner-up in the
authorized at an election on June
street improvement bonds.
in 1954 and 1955, $28,000 in 1956
Rate
follows: $180,000 2s, due on July bidding was Harley, Haydon 8c
72.
A
group
composed of the of interest not to exceed 3%.
and 1957, $29,000 in 1958 and 1959,
"
1
from 1949 to
1951 inclusive; Co., offering 102.43.
Texas Bank & Trust Co., of Dal¬
$36,000 in 1960 and 1961, $31,000
Chesterfield County (P. O.
$675,000 iy4s, due on July 1 from
WYOMING
in 1962 and 1963, $32,000 in 1964 las, Rowles & Co., and Dittmar &
1952 to 1961 inclusive, and $845,Chesterfield), Va.
was
second
high bidder,
and 1965, $33,000 in 1966 and 1967, Co.,
Carbon County (P. O. Rawlins), i
Bond Election Planned—^It is 000 IV2S due on July 1 from 1962
and $180,000 2Y4s, maturing June naming a rate of 2.2357%.
Wyo.
expected that an election will be to 1972 inclusive. The bonds are
1, $35,000 in 1868 and 1969, $36,000
Schulenburg, Texas
Bond Offering — Sealed b i d st
held Sept. 8 on a proposed issue dated July 1, 1947. A group com¬
in 1970 and $37,000 in 1971 and
Bonds Sold—An issue of $100,Fenn & Co., will be received until noon on
of $500,000 water system revenue posed of Phelps,
1972.
1
000 sewer and water bonds has
24, by- R.
G. Engstrom,/
bonds.
The vote was originally Glore, Forgan & Co., Paine, Web¬ July
Grand Prairie, Tex.
been purchased by Milton R. Un¬
scheduled to be taken on Aug. 5. ber, Jackson & Curtis, Reynolds County Clerk, for the purchase of
derwood & Co., of Houston, as
& Co., Fahey, Clark & Co., and
$35,000 Fair Grounds bonds. In¬
Bonds Purchased — An issue of
follows:
$76,000 2s and $24,000
Grande & Co., was second high terest rate is not to exceed 3%*.
WASHINGTON
$55,000 3% semi-annual, perma¬
2y4s.
Denomination $1,bidder, offering 100.13 for $505,000 payable J-J.
nent improvement refunding, se¬
Chelan County School District
ries 1947 bonds was purchased re¬
13/4s, $420,000 iy4s and $775,000 000. Dated July 1, 1947. Due on.
Sherman School District, Texas
No. 100 (P. O. Wenatchee),
cently by R. S. Hudson & Co., of
iy2s, or a net interest cost of July 1, as follows: $3,000 in 194&
Bonds Voted—At a recent elec¬
Wash..
to 1959, and $2,000 in 1960. Bid¬
about 1.462%,
Dallas.
Dated May 15, 1947. Le¬
tion the voters authorised an is¬
Bond Offering—T. E. McKoin,
ders are requested to specify thet
gality approved by McCall, Park- sue of
Bonds Defeated—At the July 8
$75,000 construction bonds. County Treasurer, will receive
lowest rate of interest at which,
hurst & Crowe, of Dallas.
election the voters refused to au¬
sealed bids until 11 a.m. on July
Wharton County Junior College
thorize
an
issue
of
$3,000,000 they will purchase the bonds at.
30 for the purchase of $40,000 not
Hale Center Indep. Sch. Dist.
District (P. O. Wharton),
par.
A certified check for 5% of
to
exceed
3%
interest school municipal auditorium bonds.
Texas
(P. O. Hale Center), Texas
the bid is required.
Thurston County Sch. Dist.
Bond Sale—The issue of $600,- bonds. Dated Aug. 1, 1947. De¬
Bonds Sold—R. A. Underwood
Cody, Wyo.
nomination $1,000. Due Aug. 1,
No. 317 (P. O. Olympia),
**><■£ & Co., of Dallas, purchased re¬ 000 school bonds offered July 16
Bonds Voted—At a recent elec¬
as
follows: $4,000 from 1949 to
Wash.
cently $65,000 refunding bonds as was awarded to Milton R., Under¬
tion the voters approved the is¬
1953 inclusive, and $5,000 from
Bond Sale—An issue of $54,000
2%s and 2%s. Dated May 1, 1947. wood & Co. of Houston, at a
suance
of $340,000 water expan¬
Legality
approved by
McCall, price of 100.017 for the bonds ma¬ 1954 to 1957 inclusive. Principal building bonds was awarded July sion bonds by a majority of al¬
and interest (F-A) payable at the 12 to Grande & Co., of Seattle, as
Parkhurst & Crowe, of Dallas.
turing from 1948 to 1962 inclusive,
most four to one, it is stated.
County Treasurer's office. A cer¬ 2y4s, at a price of 100.25. The State
as 2s, and the 1963 to 1972 maturi¬
Hanlin Consolidated Independent
Sheridan County, Sheridan Sch. !
ties as 2V2s.
Bonds are callable tified check for 5% of the amount bid a price of par for 2y4s.
and sewage
78 bonds,
-
.
'
..
Texas
School District,
of the bid is
in 15 years.
election on
16 the voters authorized an
Bonds Voted—At an
June
issue of
$60,000 building bonds.
UNITED
Federal
Control and
Imp. Dist. No. 9 (P. O. Houston),
Harris County Water
T exas
Bonds Voted
—
approved by
a wide margin the proposal call¬
ing for the issuance of $620,000
sanitary
sewer
and
drainage
bonds at an election held on July
12.
Jasper County Road District
(P. O. Jasper), Texas
road
Not
15, 1947.
Sold
—
offered
bonds
July 14 were
No. 4
The $99,000
for sale on
not sold. Dated July
Due serially on July 15
from 1953
to 1977,
tional July 15,
terest date
inclusive; op¬
1962 or on any in¬
thereafter at par and
accrued
interest.
payable
at
and
Principal
interest
the
State
Treasurer's office. District agreed
K
-
to
furnish
torney
bidder,
legal
Local
Notes
—
Cowlitz County (P.
STATES
Bond
Award
County
Housing
Of the
Units
opinion .of at¬
selected by the successful
_;
,
i>',«!, u- .'•.fa.'#.;-.
;
'
on
$36,409,000 local
sale
of
total
awarded
July 9—v. 166, p. 103—a
to
head of
Gertrude Rivers,
r—
Treasurer,
calls for pay¬
1947, court house
addition
bonds Nos. 37 to 126,
dated Aug. 1, 1938.
ment .on Aug. 1,
Offering
—
Ola E. Hall,
includes
City
Bankers
Trust
bids until 7:30 p.m. on
Co.,
both of New
receive sealed
Aug. 4 for
purchase of $60,000 not to ex¬
Clerk,
will
York; Bank of America National the
Trust & Savings Association, of ceed 3% interest warehouse gar¬
San
Francisco; Guaranty Trust age bonds. Dated Sept. 1, 1947.
Co., of New York; National Bank
of Detroit, Mellon National Bank
& Trust Co., of Pittsburgh; Brown
Brothers Harriman & Co., of New
York; Northern Trust Co., of Chi¬
cago;
National
City Bank, of
Cleveland; First National Bank,
of St. Louis; First National Bank,
of Boston; Riggs National Bank,
of Washington, D.
C. American
Trust Co., of San Francisco; Seat
tie-First National Bank, of Seat¬
—
The
$175,000 water revenue bonds au¬
thorized at an election on June 10
legality
Preston, Thorgrimson, Horo¬
(P. O. Sheridan), Wyo.
Voted—The issuance of
construction bonds was:
approved by the voters at a re¬
$225,000
cent
election.
have been approved as to
by
witz & Turner of
Hoquiam, Wash.
Bond
group of banks, which
the National City Bank,
a
Bonds
Bond Legality Approved
CANADA
|
QUEBEC
Seattle.
l
WEST VIRGINIA
$36,083,000 notes was
the Chemical Bank & Trust Co.,
as
Call
Dist.
Wash.
West port,
O. Kelson),
Wash.
Housing Authority
housing unit notes offered for
It is officially
stated that the voters
Bonds
Public
required.
Denomination $1,000.
as
1964
1965
Due Sept.l,
from 1949 to
inclusive, and $4,000 from
lo 1967 inclusive. Interest
follows:
$3,000
cal order,
in inverse numeri¬
at par and accrued in¬
terest,
any
M-S. Callable,
on
interest date after
West
Virginia (State
of).
La
Tuqe, Que.
Sealed
bids
Bonds Sold—An issue of $100,until 1 p.m
000 2%% semi-annual, municipal
(EST), on July 23, by Governor
Clarence
W. Meadows, for the building bonds was sold recently
at a price of par.
Dated July V
purchase of $960,000 road bonds. 1947.
These bonds are due irt
Interest rate is not to exceed 4%,
1 to 10 years.
•
payable J-D. Dated June 1, 1946.
Riverbend, Que.
\
Coupon bonds in $1,000 denomi¬
Bonds Sold—A issue of $130,00CF
nations convertible into fully reg¬
istered bonds of $1,000 and $5,000 2V2% semi-annual, improvement
denominations. Due $40,000 June bonds was sold recently, at a
1, 1948 to 1971. Rate of interest to nrice of par. Dated Feb. 1, 1947*.
be in a multiple of
y4 of 1 %. These bonds are due in 1 to 3®
Bond
will
be
Offering
—
received
from date of issue. Bid¬
specify (a) lowest rate of Parts of the issue may bear dif¬ years.
interest & premium, if any, above ferent rates. Notmore than three
Canada (Dominion of)
rates will be considered in any
par at which bonds will be pur¬
Bills Sold—An issue of $75,000,chased, and (b) lowest rate of one bid. The bonds will be sold to 000 treasury bills was sold on
the bidder offering to take the
tle; First National Bank, of Port¬ interest at which the bidder will
July 10, at an average yield of
bonds bearing the lowest interest
1.408 %.
Dated
July 11,
1947*
land, and many banks in other purchase the bonds at par. Prin¬
rate and to pay the highest price
These notes are due Oct. 1Q, 1947.
cities, as follows: $13,073,000 Balti- cipal and interest payable at the
the Offered for . bonds bearing such
| more Housing Authority,, Md.; City Treasurer's office,
10 years
der to
s
i
ft!
!(
@FedFRASER