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LIBRAE
JUL 2 6 13«
MONDAY
JL
an
Chronicle
Reg. U. S. Pat. Office
Volume
168
Number 4719
New
General
RAILROAD
-
INDUSTRIAL
INSURANCE
-
Acme Industries,
*
income
——;;—f.*.
Common shares outstanding-
Earnings
—V.
per
;r
Ex-Cell-O
Lehman
163, p, 269.
Electric
Wm.
Associates, Inez—Sells Los Angeles Factory--?
Air
R.
costs.
The
conversion
the
of
Increase in working capital,
property
into
cash
will
in
result
Brothers
Auto-Lite
-
Co
;—,-i—?
'
'
aviation
serve
See
also
the
on
Parker
West
Appliance
2,143,528
3.13
§Gross
167,
Aldred Investment Trust, Boston—Initial
? Dividend—
A
Liquidating
Commenting
special
meeting of stockholders was informed on July 7 that
88,884 shares of the outstanding 171,500 shares had elected
initial liquidating dividend of $5.50 a share.
A majority
82,616 shares held by stockholders who are continuing the trust
fielders
of the
the
for
trust
8454,388, representing
holders
It
$5,50
the trustees
to
share
a
to
which
check for
a
continuing
also
volume
of
business
share.
a
;
'
<
on
the books
.
of
basic
materials
needed
for
of
the
by
other
in
ordered the premium paid and
appeal
an
was
,^th6 <;jrcuit Court'reversed the order,
Judge
that
John
C.
Mahoney
the- premium
J regardless
is
not
whether the
oi
<
.
lOn June 24,:
,
of the Circuit Court said: "We conclude
due under the circumstances of this case
trust
partially liquidated."—V.
then taken.
is
167, p.
be
to
completely liquidated
only
or
645,
delivered
So
((in
automatically >'fijuida ted?
From
.this
on July 15 reported to the Securities arid Exchange
that 492.739
shares of its cumulative preferred stock,
A, were outstanding on June 30, compared with 531,439 shares
©n Feb. 29.
This represents a reduction of 38,700 shares during the
'■% four months' period.—V. 168, p. 245.
Commission
series
*
will
be
seen
pertaining
that
our
to if'is
borrowings'
the
second
six- months'
period.
similar
Carburetor
"Despite present handicaps, there is reason for continued
optimism
concerning the railroad equipment industry. The demand for railroad
7,141,367
114,831
8,022,065
134,097
434,069
oper._
sale
819,290
of
33,686
to
Bantam
Co.-
The
stockholders
Under the purchase agreement,
to
American
Bantam
all of Newgren's capital stock passes
exchange for an unspecified amount of new
in
class B stock of the latter.
The
1
July 6 announced that it had purchased the
Newgren Co. of Toledo, Ohio, a subsidiary of the Monroe Auto Equip¬
ment
Co. of Monroe.
Mich.
The Newgren firm manufactures farm
equipment.
Directors and stockholders approved the action, includ¬
ing the transfer of active management of American Bantam Car to
company
on
the Monroe officials.
Brouwer
dent
the
D.
Mclntyre, President,' William D. Mclntyre, Vice-Presi¬
Treasurer, and Charles S. Mclntyre, Vice-President, all of
and
Monroe
In
company, were named directors of the Bantam company.
the board elected Brouwer Mclntyre as President of
addition,
Bantam and William Mclntyre
They
relieve
Interim
Of the
The
Jerome
Executive Vice-President,
Bowes, Jr.,
and Dean B.
Copeland
P.
as
managerial duties assumed several
board and President, respectively.
officers
new
trailers
many
of
that
announced
facture' cargo
production
and
Bantam
excess
use
Newgren
months
products
will
ago
as
continue
of
Chairman
to
manu¬
manufacturing
capacity for
and possibly some Monroe
products.-
American
fihare
Bantam
the first 25
of
the
will
claim
prior
assets
in
give
cents per share
present
common
present
on
of each year's
class
into
stockholders
common
liquidation
any
and
$5
a
prior Claim
a
on
earnings, by reclassification
convertible
A
a
preferred.
In This Issue
75,920
^5,040
9,669,571
24,982,327
554,572
180,373
230,150
342,077
347,563
325,467
463,679
124,894
116,434
80,526
284,947
226,021
455,440
499,879
311,484
retirem't
earnings,
Opposition
July
in
13
holders
to
the
of
statement issued by
a
management
an
directors.
and
Committee
this
expressed on
independent commitjtee of stock¬
?
company
was
> V
composed of John A. Ambrose, Howard R. McCluckie,
and Bernard C. Hlckey and John F. Quayle (Secretary),
i
was
American
Newgren
Bantam
stock.
would
The
to
class
B
stock,
give
articles
give one vote per share to
I.
T.
new
J.
shares of class B stock for
Incorporation, would be changed to
600,000
of
class A stock and two votes par
Kauffeld,
American
taxes
etc.
6,353
American Bosch Corp.- -Alien
Property Office Accepts
Bid for Stock—
The
York,
Office
for
Amra's
of
the
of
6,539,547
7,922,236
8,533,549
2,435,595
2,746,194
3,186,859 ••'19,107,974
4,103,952
3,176,042
5,346,689
6,335,141
2,026,150
2,026,150
2,026,150
2,026,150
1,798,200
-
tFederal income taxes—
excess
profits
taxes
1,798,200
\
earnings
Pfd. dividends paid—
Common dividends paid
Earnings
—--
'
Net
<
share,-**??,,,..
per
^•Including administrative,
five
of
Property accepted
shares
of
$6,044,748,
American
or
$11.28
bid
the
Bosch
a
of
Amra
Corp.,
New
Corp.
share,
has
been
the
highest
submitted
July 19 for 77% «of the outstanding shares of
American
Bosch, manufacturer of fuel Injection systems and auto
equipment.
Amra is a privately owned firm controlled by Allen & Co.,
York investment banker, and associates.
Amra is. engaged
manufacture of electronic devices.
)*The OAP's sale of the shares, seized in 1942 under
New
Trading With
.American
the
Bosch
Enemy
to
Act,
was
in
non-governmental
line
with
ownership
its.
in the
authority of the
policy to return
control.
The
and
„
23,746,315
£
taxes
'(in
shown
are
1947)
before
tax
and
1,498,500
general- expenses.
$3.47
benefit
Crl,696,800
1,790,200
$5.26 ...... „w.v,
$5.54
selling
^Federal
$7.18
.
of
$158,828 (lri 1948i and $363,203
result of charges made to the Reserve for
Employees
tAfter giving effect to adjustments (est.) of sales
prices
renegotiation.
§ After discounts and
allowances.
as
a
Welfare plan.
through
NOTE—Tl?ri accounts of Shippers' Car Line? Corp,
iaries
consolidated
were
period
since
Jan,
COMPARATIVE
at
as
1946,
l,
Jan.
1,
Included
are
CONSOLIDATED
1946,
and
arid
SHEET,
1948
Land
and
machinery
in
banks
and
on
receivable
unfilled
30
1946
$S
?
7,187,909
7,198,688
52,132,486
equip.
hand
at
(less
the
7,107,348
and
securities,
APRIL
$
45,278,508
18,896,443
41,301,914
18,903,885
18,889,457
Govt,
S.
for
1947
$
improvements
^subsid¬
earnings
above.
BALANCE
ASSETS—
7,609,574
7,256,383
9,393,249
844,281
4,033,281
33,199,158
15,150,190
12,879,689
6,618,114
cost
reserve)
escalation
charges
1,614,893
receivable
(less
reserve)
J789.732
Inventories
Marketable
Stock and Bond Quotations
New York Stock Exchange (Stocks)
New York Stock Exchange (Bonds)
New York Curb
Baltimore
*.
Exchange—,-.-..—.
Exchange
Stock
Boston Stock Exchange.....
25
29
...34
..34
——
Chicago Stock Exchange—.....
—34
Cincinnati Stock Exchange—
Cleveland Stock Exchange
35
.35
taxes,
Miscelh
securities
Exchange
Montreal
Exchange
Curb
36
37
38
etc
748,133
980,503
103,564
reserve)...
107,979
533,400
$;?
($100
par)
(599,400
no
12,948,534
8,988,416
3,400,066
11,564,546
? 1,068,795
8,795,988
4,700,038
1,222,751
5,050,712
14,564,640
plan..
4,958,726
stock.
735,745
Sinking fund requirements
Sinking fund debentures of Shippers'
735,745
735~745
685,000
325,000
325,000
10,115,000
4,800,000
7,347
5,593
2,949,391
41,946,714
payable
Accounts
shs.)
par
(banks)
payable
and
payrolls
Prov. for Fed., state and local taxes
Advance payments received on sales
contracts
for
for
Reserve
Car
contingencies, etc.
employees'
for
divs.
on
welfare
common
...
Line
Corp—
interest
Minority
Capital
surplus
Earned
surplus
—
2,94931
...
42,226,316
38
Stock Exchange
Toronto Stock Exchange—Curb Section
Over-the-Counter Markets
39
41
42
Transactions New York Stock Exchange
24
Transactions New York Curb
24
Exchange
Stock and Bond Averages
764,906
118,885
cost
4,426,683
Bills
Res.
Montreal Stock
2,690,054
28,945,000
29,970,000
21,375,000
18,324,091
Reserve
36
28,512,700
1,749,694
174,824,393 145,674,310 149,801,249
stock
Common stock
35
36
566,299
46,201,179
LIABILITIES—
Preferred
35
St. Louis Stock Exchange
San Francisco Stock Exchange—
(less
at
Total
Los Angeles Stock
Philadelphia Stock Exchange
Pittsburgh Stock Exchange
insurance,
Treasury stock
Detroit Stock Exchange
Exchange
securities
tl, 102,741
67,910,973
1,923,762
1
Prepaid
Page
—*..13
Total
174,824,393
—
28,945,000
29,970,000
30,000,000
30,000,000
5,000,000
8,466,789
5,125,000
?
4,443
2,397,720
41,045,022
145,674,310 149,801,249
•After
reserve
for amortization and
depreciation of $53 237 261 in
1948, $53,468,000 in 1947 and $54,925,420 in 1946.
tlncludes $626 223
maturing subsequent to one year,
tlncludes *$480,113 maturing sub¬
sequent- to one year?;
Declares $3 Common Dividend—
24
"Hie directors
common
the
on
Miscellaneous Features
General Corporation & Investment News-Cover
State and City Bond Offerings.-—,.——...50
44
Specialize in Orders for Banks and Dealers
43
Dividends Declared and Payable
Foreign Exchange Rates..
on "July 15 declared a dividend
of $3 per share on the
stock, and the usual quarterly dividend of $1.75
per share
preferred stock, both payable Oct. 2 to
holders of record
We
Redemption Calls and Sinking Fund Notices_44
The Course of Bank Clearings
Alien
535,882
bid
,
Postwar credits (est.) on
Notes
share
Bantam
director,
recently criticized the proposal, holding that consummation of the plan
would
result in stockholders losing control of the company.—V.
167,
p. 1465.
,;v
an
175,900
before
Accrued
Toronto
Independent Committee Assailed Proposal—
'
*19,262
securs.
Accounts
July 21 defeated an attempt to oust the new
management and ratified the purchase of the Newgren Co. of Toledo,
Ohio, a farm equipment manufacturer, from its parent, Monroe Auto
Equipment Co.~
on
7,221
1,306,324
9,028,399
■«.■
of
Cash
-Acquisition Voted—New
139,123
32,466
prop,
U.
Car
1,240,331
43,692
7,787,111
royalties
charges
sale
23,590,608
711,723
se¬
Intangibles
American
7,350,270
181,642
,
440
•Buildings,
President Elected—
v?\
172,006,703
4,157,879
2,237,747
63,939
on
„
$
108,525,536
*
on
the
items
manufactured
by
Corp. and for the leasing of tank cars by Shippers'
Car Line Corp. are expected to further
justify the policy of diversifi¬
cation represented by these two subsidiaries.
Carter
The corporation
Inventory
?
5
2,922,210
-
Loss
Net
are
a
purely formal procedure under present
conditions
and
are
self-liquidating as each order is consummated."
Commenting further on the past year's achievements;, Mr. Hardy
said:
"Operations of subsidiary companies during the fiscal year/'
were
satisfactory, especially during
Prospects for the carburetors and
Alleghany Corp.—Acquires Additional Stock—
from
Loss
.
and
$
charges
Charged
.;
v.
1946
$
121,875,968
Miscellaneous
•
.
1945
121,003,720
Income
Interest
operations.
concerns
J
1947
Miscellaneous
:
"Substantially all ofvtjie inventoried of this compariy,'' Mr. Hardy
June, the U. S. Circuit Court of Appeals,- at Boston^ Mass., ,rule4
ki.told s,tofekholdftfe, ,"kfe irurc.hased for„4nd allocated to specific orders
not be paid a 5',4 premium.
Judge George C. Sweeney, in the U. S. District Court previously had ? placed withVit Ay its cukonters.Vilie'r&ore,
-.^rder ,-iS completed
In
that debenture holders of this trust need
sold—
„
manufacturing
our
These, difficulties " are being' experienced
same
line of industry."
receivers wilt probably make two more
the
payments, aggregating between $4.50 and $4.75
goods
on
Total
passenger
INCOME ACCOUNT.
1948
curities
are
quantity
that
stated
the large
both
for
car
Interest
but little difficulty.
\
V," .»
■
"But, unfortunately," he stated, "we have been hampered, and still
being hampered by numerous difficulties in obtaining the full
,
share¬
entitled.
are
was
turn over
will
the
of
Earnings
or
present
represented at the meeting.
was
?c.: Receivers
on
and
Other income—Dividends
company ancl its subsidiaries, Charles J. Hardy, Chairman of the board,
said that in the ordinary course of events, and with the facilities and
organization available, the handling of this business backlog would
of
to receive the
market
3,215,669
$5.26 a share, in the fiscal
year ended April 30, 1947.
Sales totaled $131,360,756
against $132,820,244, respectively.
>!!?'■■-T"
'■'
•
•Cost
requirements to $3.47 per share on
599,400 shares of common stock outstanding. This
with $5,176,042,
the
in
131,360,756 132,820,244t 118,113,5521199,755,179
Profit
compares
be
CONSOLIDATED
rentals
preferred dividend
2461.
p.
sales
Royalties
the
below.—V.
to
$
4.00
1,677,310
solidated net earnings amounted to $4,103,952, equal after
Coast.
Co.
replace¬
<
COMPARATIVE
April 30, 1948, but the backlog of business swelled to a
peacetime record at more than $280,000,000. Con¬
v
continue
Years End. April 30—
new
Gagg stated that Air Associates will continue to maintain its
Angeles branch with a complete service staff and warehouse stock
will
9.05
American Car & Foundry Co.—49th Annual Report—
Mr.
Cos
ordinary
of
Merely to overcome the deterioration in rolling
World War II has created an unusual demand by the
and It Is reasonable to expect that for some years to come
railroads
11.01
Sales and Earnings of this company and its subsidiaries
showed moderate reductions in the fiscal year ended
an
backlog
the
and
substantial.
and freight equipment."
|
manufacturing operations to the main plant
Teterboro, N. J.
The consolidation of all manufacturing activities
one
plant will, he added, improve production efficiency and lower
to
$11.28
F.
the company's West Coast
at
s—--
H. V. Simpson, of Belke-Simpson Co.-*
167, pp. 2569, 2681.
—V.
Gagg, President, on July 15 announced the sale of its Los
Angeles, Calif., plant to the Parker Appliance Co. of Cleveland, Ohio.
The sale of the factory was made possible through the transfer of
at
Corp.
the
Per Share
5,900,060
4,849,732
Co
&
is
railroads,
Total
$6,044,748
Bidder—
$0.58
unabated,
stock caused by
Allen
200,000
share.
common
ments
possible sale.
The bids in detail were as l'oilows:
$2,139,808
116,726
-
had registered, its Arnerican Bosch.' shares with the'.,
SEC on June 15 for
EARNINGS FOR THE NINE MONTHS ENDED APRIL 30, 1948
;
continues
government agency
Inc.—Earnings—
Bales
Net
Copy
MISCELLANEOUS
-
equipment
v
a
Corporation and Investment News:
PUBLIC UTILITY
-
Price 75 Cents
York, N. Y., Monday, July 26, 1948
Combined Condition Statement of Federal
Reserve Banks
—
44
Edward D. Jones & Co.
44
300 North 4th St., St, Louis 2, Missouri
Established
Condition Statement of Member Banks of
Federal Reserve System.>*44
1871
.
Members
New York Stock
St.
•
Louis
Stock
Exchange
Exchange
Chicago Stock Exch. \
Chicago Bd. of Trade
v". '"New York Curb
Exchange Associate
1
,i
Tn:-
?'
*
-
f-
Si .?
Phone
CEntral
Bell
T
7600
Teletype
SL 593
Sept.
York.
:
;.
of $3
*
T
\
Refrigerator Cars—'
Delivers 100
'
Av
A
a|A.A*v
'A
.
Total
"
<
—V.; 167, p.
vA
"reefers" are of
perishables long
Par;t of a 400 car order, these completely modern
construction and are adapted to carrying
In. addition to re-icing en route the cars
to
equal cooling
168, p.- 245.
insure
minimum.—V.
<
•
-
•
'
-*Y"'
M|
-
"V'"^
'
- •
♦
.
1 *
' h
A'
:
.
The
'.
sioa
,<■:
•
j
-
-
.
4
American Power & Light Co.—Weekly Input—
_
.
the week ended July 15, 1948 the System inputs of subsidiaries
♦
this- company amounted to 242,069,000 kwh., an increase of 19,390,kwh,, or 8.71% over the corresponding week of last year.—V.
of
168,
000
Co.—June Sales
8
32,771,071
'
'
\
.
Sales
—V.
167,
1948—6 Mos.—1947
$
../i
8
. $30,127,613 200,282,953 186,484,742
1947
1946
$24,611,663 $24,665,968 $7,271,488
- 649,822 • •
429,206- ■ 370,567-
from
Income
income
Other
*Deprec., obsol., etc.—S. & foreign taxes
9,291,200
41,835
U.
Minority -interest
A; tNet. profit
_
of metal mines.
that
in
its
SEC.—V.
168,
not
than 3 Va.%
more
with the Metro¬
politan Life Insurance Co. $1,500,000 3%% notes due
June 1, 1958.
Baker, Watts & Co., Baltimore acted as
A
agents.
iised
be;
will
Proceeds
;
to
current bank loans
1278.
off
pay
workingvcapilal.-4-V.v 167,
idditional
A
v
.
p.
profit after charges and taxes
shares outstanding
Net
Earnings
i
ik- Net current
compared witb,
V'V
Co.—Earnings Rise—Extra
Barnsdall Oil
A'
30—
Six Months Ended June
Net
The
per
lor
the
directors on
The
share: and
per
in
i
Net
Dividend—
1948 "
1947 .
$10,969,350 $6,720,999
...A 4,238,290
2,858,651
declared the regular dividend of 50 cents
dividend of 25 cents per share, payable to
on Aug. 13,
1948, on Sept. 4, 1948. Previous
22
1948' total $1
President,
calendar year
1947, and that
A.
Dunn,
for
the
the year
in
were
for
and
per
share.
reports that, in his judgment/ the
will be substantially more than they
it is quite probable that the directors
| will feel it advisable to declare another extra dividend in the last
quarter of the year, provided there are bo unforeseen conditions
arising, internationally or otherwise, which would require the company
to safeguard its cash.—V. 167, p. 1918.
,
-
_
Barton Distilling Co.,
,
Bardstown, Kv.—Buys Plant—
plant at
has
Assets Administration, it was announced
the government-owned portion of this company's
Bardstown, Ky., to the Barton Feed Co. of that city, for $120,000
Sale, of
authorized
been
July 20.,
on
The
War
the
by
being formed to
is
Co.
Facilities
at
the
plant
for
grain residue left
food. The new com¬
Co., owner of a plant
process
be converted into stock
pany will be controlled by the Barton Distilling
with which the surplus facility is intermingled.
to
real
with
property,
was
distillation wastes
considerable sum to
government, together
$289,844. Appraisers estimated the fair value
at $191,000.
Beaumont Sour Lake & Western Ry.
1948
1947 "
$748,896
$786,521
from railway...
312,509
369,528
Net from railway
153,044
229,897
Net ry. oper. income..
May—
Gross
.From Jan. 1—
Net
ry.
railway.i...
from
Net
—V.
railway...
from
Gross
oper.
167,
p.
_
J
' "4,145,623
2,218,083
1,969,563
1,169,155
1,069,322
4,719,151
_
income..
2462.
-Earnings—
1946
1945
$850,902
$998,016
545,109
110,873
436,867
204,168
2,263,480
5,029,955
2,783,708
1,067,377
605,111
4
252,353
Aircraft Corp.—Earnings—
/
A
.
before/Federal
Federal
inline
income taxes...
Canadian Pacific Lines in
Net
ry.
to'buy
be used
167,
p.
Inc.—Earnings-
outstanding
Mar. 29/47
$2,237,906
$4,651,886
218,471
87,000
■
'
•Includes $689,779 profit
—
...
on
Bank
42.
:
sale of capital
$142,741
435,939
''$0.32
assets.
$131,471
.
i
i
$0.30
3.144,992
759.049
216,953
1,334837
329,618
.384.784
Vermont—Earnings—1
1946.
$138,925
• 79.450
•125,06.)
1945
$118,337
•50,543
•94 452
994,246
866,950
»2S1,125
•243.637
653,040
•402,967
575,883
*308.535
ry. oper. income
•535,377
•Deficit.—V. 167, p. 2576.
*'539,587
ry.
•93,591'
,
--
1—
railway
from
railway
from
Net
income
oper.
Jan.
From
Gross
Net
Offered—
shares of
working
790,278
1947
$172,628
•78,334
• 138,388
railway
from
•549,451
•653,954
Additional Buildings—
has more than
properties by
all extending through,
purchase of the
involves frontages
Thomas St.,
plot area of 23,700 square feet, buildings having a contents area of
2,279,000 cubic feet and a rentable arfea of 158,370 square feet.
The combined Cannon holdings covering both purchases represent a
plot area of 44,700 square ieet with frotnages of 254 feet 9 inches .on.
Worth St. and
236 feet on Thomas St., a buildings contents area
Of 4,163,000 cubic feet and a rentable-area of 294,870 square feet. *
Cannon presently
occupies the major portion of the initially pur¬
chased properties Nos. 66 to 76 Worth St. and the new purchase,
78
to 88, has as present tenants a number of representative
textile concerns, including Bates Fabrics, Inc.; Marshall Field & Co.,
Fieldcrcst Mills Division; Iselin Jefferson & Co.; Dumari Textile Co.;
Consolidated Textile Co.; Langdon Textile Co.; Racine Fabrics, Inc.,
Co.—Agents Buy
Mills
announced on July 12 that Cannon Mills, Inc.,
doubled its purchase of Worth Street (New York City)
adding the three buildings from Nos. 78 to 88,
the block to Thomas St., to its recently
announced
buildings from Nos. 66 to 76.
The latest purchase
of 136 ieet 9 inches on Worth St. and 118 feet 6 inches on
It was
•
$77,331
98,024
646.
Nos.
Mich.—In Group
Manufacturing Co., Detroit,
Buying Steel Foundry Concern—
Brings
that
producer
through Dr.
Food Institute,
Bryant acted
is reported to, be one of the s?x companies
Sterling Steel Foundry Co. of Braddock, Pa.,
of steel castings and ingols, for approximately $500,000
C. Hodges Bryant, Chairman of the board of Frozen
Inc., a non-profit research and service organization.
Mr.
as
trustee for the six companies who are associated industrial mem¬
bers of the Institute.
He will also be President and General Manager
This' company
recently acquired
Sterling concern, and will direct the
the ass'stance of a committee of steel men.
The Briggs company, a major producer of
plant's operations
the
plumbing
factures
fixtures
It is
(L. E.)
_./•
....
which has a
plant,
anticipated.-';
The Sterling firm will continue
• -
V.
167,
be completed
2570.
;
- ;
to
p.
in
about six
~
'165,
—V.
v.*
etc.
booked
Sales,
Orders
profit
•Net
<
v
.
The
company
has just issued a 28-page
present an over-all view of
organization.
employees.—V.
168,
p.
The
being constructed cn
attempts, to
May—
Gross
7
from
Net
from
rv.
Plan Ratified
Gross
revised plan for
McEwen
holders
A
Orchard Road, Singapore.
handled by Carrier Inter*
.
Net
Georgia
Net
:
,
income—
oper.
1—
s"
15,773,919
2 158,119
f
income
i.;a
1947
1946
$2,735,381 $2,283 757
239,090 ./ •IS,281
*54 ./.•213.123
1945
$3,674,528
1,088,143
., 727,447
-
railway^.j
ry. oper.
B-rwrtir 7 \r
T!
Ry—Earnings—
1948
$3,333,669
549.665
275,628
.
railway
railway
from, railway.—
from
I"
'
A
Net
the merger with and into this corporation of May
Kaiser Co. was ratified on June 30 at meetings of stock¬
of May McEwen Kaiser and of the directors of Burlington
and
installation is being
Singapore.—V. 167, p. 1691.
Central of
by
.Union
From Jan.
A
and contingency reserve
,•
air-conditioning
national, Ltd.,
42.r;"
Burling-ton Mills Corp.—Revised Merger
non-recurring expenses
Conditioning Contract—
This cornoration has announced signing of a contract to air-condition
the new eight-story building of the Hong Kong & Shanghai Banking
lAccoidihg'to "the most' recent count, this company7 is owned
approximately 27,000 individuals residing in every state in the
as well as in
Canada and many foreign countries. The average stock¬
holder owns 133 shaves.
There are also reported to be approximately
20,000
$2,349,697 $1,570,333
530.578
590,573
$3.57
,$2.25
share.
Air
Brochure—
brochure which
the entire Budd
$55,050,376 $37,450,297
46,139,159 46,120,124
income taxes.-:
Federal
after
—
-
outstanding
certain
•After
railroad industries.
as the
additions are
months, Mr. Bryant said.—
1947
1948
-
:hares
Common
' i
Subs.)—Earnings—
-
Earnings per common
~
'
(&
Ended April 30—
12 Months
foundry operations, sup¬
Philadelphia, Pa.—Issues
$40,443
206,124
$0.20
:
3048.
p.
Carrier Corp.
plying castings to its old customers in the steel and
Employment will be increased from the .present .130 persons
rehabilitation program
progresses.
Improvements and
expected
profit
shares outstanding
per
common share
Net
Earnings
>, '•
current capacity of
•
$975,843
1 65,233
24,791
Common
will be allocated the major
in the Sterling plant. The
and they will receive their
•
30, 1948
taxes
.» ,
automobile bodies, manu¬
food processing
its present
| f\
Inc.—Earnings—
MONTHS ENDED APRIL
taxes
for
Provision
A A;'
3,500 tons a
month/ is being rehabilitated and expanded'.
Mr. Bryant said the
plant ultimately will have a steel ingot capacity of 9,000 tons a month.
The
changeover in
the steel. industry's pricing system from the
basing point to the f.o.b. m'll method was a factor in the decision
to acquire the plant.
Mr. Bryant said that the changeover had been
Sterling
The
before
Profit
understood that the Briggs company
requirements.
THE THREE
167, p. 2576.
Sales
with
,,,
portion of the steel ingots manufactured
other participants are smaller companies
See also V.
Carpenter & Co.,
EARNINGS FOR
that are used in frozen
~
Strasbourger.
and Alexander &
...
-434.780
2,711,459
892,850
1948
$137,943
•34,345
railway
from
Net
5,881,735
$204,899
95,1511
31",561
33,878
167, P.
2,838,373
Lines in
Canadian Pacific
May—
1943—3 Mos.—1947
1948—Month—1947
$74,716
$26,345
31-
loss
—V.
140,530
a
Sales
Net
•84,205
ry.
Gross
2462.
Booth Co.,
(F. E.)
period End. May
•107,539
oper. income-..
•Deficit.—V. 167, p. 2576.
Net
$7,969,006
"additional machinery, etc., and
241,905
3,016,907
949,020
railway
railway
from
Net
1945
$563,630
2,541
1—
from
Gross
1946
$366,356
•11,494
income
oper.
Jan.
From
1947
$325 030
•34,231
railway
railway
from
Net
Maine—Earnings-
1948
$411,818
56,637
May—
-
Mar. 31/48
-•88,000
Earnings per share.......
.
Proceeds will
capital.—V.
-
who
common
Cannon
Berry Co., Denver,, Colo.—Stock
John G. Perry & Co. on July 9 offered 110,000
common stock (par $1) at par.
N.)
(D.
No. 1 to the persons
stock for preferred stock is being ma.de from the
Trust Co. of Georgia, Atlanta, Ga., where such assets were placed in
escrow in
the form in which originally allotted pending decision of
the Court. ("American Wool and Cotton Reporter.")—V. 167, p. 150.
42.
p.
••
•230.741
:
profi^A-.li.i...^.
Capital shares
" £
„
taxes
:.--'-K'r- "./'j',
Net
168,
held in trust
will be delivered to them.
Corp., now
Quarter Ended—
Profit
—V.
1,303,746
liquidating dividend No. 1 now
of
persons whq made the exchange
distribution of liquidating dividend
exchanged
92,069
$7,705,129
5,673,007
$1,736,303
1,168,996
all
and
decree,
the
v:v:"a#
$1,553,743
income
(The) Budd Co.,
Belding Heminway Co., Inc.—New DirectorPercy J, Ebbott, Senior Vice-President of The Chase National
of the City of New York, has been elected a director.—V. 168, p.
Bell
amount of
The
$62;991,640 $56,031,893
49,917,993 42,578,044
5,368,518 5,484,843
charges
plants.
recovering feed from
and the purchaser will spend a
complete them, the announcement said.
Cost of facilities installed at the plant by the
incomplete,
are
the
1948—3 Mos.—1947
$12,719,294 $11,506,492
10,057,625
3.530,886
1,102,926
1,139,303
,
company might
the directors otv
per
from
lor
Pennsylvania—Earnings—
-J' vA
120,480
held in trust by the
risk thus eliminated,
stock
mon
"
AIL;if"
now
market
the
and
1948, declared a liquidating dividend No. 2 in the
share in cash. In the case of persons who exchanged com¬
for preferred, this liquidating dividend will be withheld
distribution pending further order of the Court, as provided in
$2.20
$63,11^120 $56,123,967
revenues..
operating
after
Net
of
-r''
,
Feed
Barton
distillations,
from
167, P. 542.
all cotton
that
July 2,
9 on a pro¬
stock from $150,000,000 to
bonds of maximum amount
/1948—Month—1S47
$12,742,805 $11,523,461
23,511
16.969
Operating taxes
$6,731,060 $3,862,348
$3.03
$1.74
revenue of the company and its subsidiaries
l to June 30, 1948, amounted to $9,168,951;
June 30, 1948, such gross operating revenue
Juiv
record
paid
dividends
James
„
"
Callaway^
of the
assets
Court.
,
order
distributed
Net
Operating
extra
an
of
stockholders
earnings
reserves
Coi 4)f
'
.
Operating expenses
to $18,004,270.
amounted
;-?■
operating
quarter April
six months
the
to
J
revenues
Uncollectible oper. rev._
operations-^
sharo ;
from
gross.
.for
taxes
off
written
costs
profit
Earnings
additions
for
Deductions
lease
.
profit after Federal
Operating
the
In
be
special meeting Sept,
$362,548
..
of other new
of
of division of each
shares of $25 par would receive con¬
course." Such a split has been au¬
construction program.—V.
Operating
1947
...
?
stock and bonds
of the com¬
•••
834,425
40 years
by Parliament.
meeting announcement indicated that the . new
be issued from time to time to meet the needs
Bell Telephone
*
$445,527
'
'
explained
the
of
about-96%
unless halted by new Court action or an appeal. Tne peti¬
filed by. the company on Nov. 17, 1947, and only 3.77%
of
the" outstanding stock
filed any objections.
That 'part, of 'the
allotment continues, to be held by the company pending further order
said the question
President,
and provide
1948
....
....
..
to
pany's
share
common
per
The
are
834,425
$0.53
$0.43
assets on April 30, 1948 "mounted to $5,071,206 and
$4,618,148 on Dec. 31, 1947.—V. 167, p[ 1466.
'Common
Johnson,
'
was
Gross, from
$50,000,000.
Period End. May 31—
Ltd.—-Earnings—<
'"I Four Months Ended April 30—
a
'
of
distribution
the
tion
thorized
.
Atlas Steels,
AA
at
present $100 par share into four
sideration by the board "in due
Loan—rThe company, it was
has placed privately
$2,724
1,802,409
$0,002
company,
Financing—
of Canada—Plans
vote
posal to increase the authorized capital
$300,000,000 and to issue a new- series of
Frederick
announced July 13,
will
stockholders
The
of
|| Arundel Corp.-r-Private
the
for
1948
»
reserve.—V. 167. p. 42.
contingency
for
been developed as an
endorsing unit which has
recorder.—V. 167, p. 2570.
an
Bell Telephone Co.
146.
p.
and
recorder
accessory
and sale will be by com¬
petitive bidding.
The company's construction program calls for spend¬
ing $lt-',000,000 to acquire new facilities, and to extend and improve
existing facilities, during 1948.
The company plans to spend $14,000,-000 in
1949.
Sales of the bonds is conditioned on approval by the
will.be
rate
interest
'
the introduc¬
of
sound
projecter.
Several additions to the company's line of microfilm
equipment also were introduced
in this period, Mr. McNabb ex¬
plained, including a new microfilm reader, an automatic feeder for
"
M The Arkansas P. S.iCommission has authorized the company to issue
$7,500,000 in first mortgage bonds, maturing in 1978, to finance ex¬
pansion and improvement of facilities- and to replace funds from the
company's treasury used for similar purposes in recent years.
The
-■
the still camera field. He.
basic features used for over
A. rt/A-',.
Inc.—Earnings—
profit
(Ga.)—Distribution Offered—
Final judgment
was sought by this. company in the Bibb County
Superior Court, Macon, Ga., on July 1,/which would authorize it'.to
carry out the" resolution
adopted Oct. 30, 1947, which directed that
the persons who exchanged common stock of Callaway Mills for pre- .
common
stock of recoru on Dec. 1, 1947, after deducting tnerefrom •
the $35 per share paid on the call and redemption of the preferred
stock.
Judge Mallory C. Atkinson, on July 1, handed down a decision^
products in the second quarter of 1948. These included
tion of the Filmo Companion 8mm camera, said to be the lightest
all movie cameras.
He also referred to a new, light-weight 16mm
Approved—
Light -Co.—Bonds
Arkansas Power &
-r
J
;
.
design of the company's movie equipment.
McNabb also pointed to the record introduction
the
Mr.
1917.
167, p.
1946./T-V.
of
quarter
Products—
company's initial step in
it incorporates the same
the
eauity in the undistributed net earnings of
Anaconda Wire & Cable Co., amounted to
$990,723 in the quarter ended March 31, 1948, and is not included in
the
above
account.
This compares with a net profit of $1,576,970
for the March quarter of 1947 and a net loss of $5,401 for the March
A
-
-
Callaway Mills
new
tBefore
subsidiary,
unconsolidated
to
14.
Aug.
develop-,
next six
by this
company, according to J.'H. McNabb, President, who forecast several
products at the meeting of the board of directors on July 21.
This
camera,
the Foton 35mm, was described by Mr.- McNabb as
$0b6
and phosphate deposits;
"
...
expenditure of practically $1,000,000 in research and
ment for nearly 10 years will culminate in the course of the
montlis in the introduction of a revolutionary new camera
NOTE—The company's
:v;
record
Introduces New
:
8,674,3-32
$1.43
$1.51
^
♦Includes depletion of . timber lands'
f
depletion
by more than 300%.
and
of
ers
$534,626
A $13,069,818 $12,399,572
8,674,332 , 8,674,332
________
shares , outstanding
Earnings per share
_
"
Quarter Ended'March 31—
The
Capital
,
2,664,379
9,986,100
45,123
2,858,6 <2
'
Callahan Zinc-Lead Co.,
•Net
.
$7,642,055
5,624,895
1,460,000
" 22,534
$25,261,485 $25,095,174
Income
Total
t
..1947 - A
194S
t$l,531
$2,680
Capital
shares
outstanding.
1,802,409
1,802,409
•Earnings per share
$0,001
$0,001
•After charges and ordinary taxes, but before any provision for in¬
come taxes./'tAfter a fire* loss of $68,030 and after transferring $45,003
increased rate of
dividend of 12 y2 cents per share or.
the
Sept. T to holders of. record Aug. 14,
1948.
This makes a total .of 62Vs cents per share so far this year.
Extras were paid in 1947 as follows:
Sept. i, 25 cents"; and Dec. 1,
50 cents; which brought payments last year to $1.25 per-share.
' ;
The usual
quarterly, dividend of. $1.06.'A per share on the 4'/4%
cumulative preferred stock was also declared, payable Sept. 1 to hold--
1948
March 31—
operations
J_—
Quarter Ended
'
'
:
"
the regular quarterly
common stock, both payable
Subs.)—Earnings—
Co. (&
'
.
dividend of 25 cents per
declared an extra
directors on July 21
The
]
;
Riders oi common, on > the oasis, of; one new shareMor each 10 shares r
held/ The: Commission has postponed dofermination of this .application "
until a later date.—V. 168, p. 247:
"
/
■ " .. /
\ ,
v;« v
„
1
'
'
,
share
Anaconda Copper Mining
an>
;''A AA/A ; / J/j •;
negotiating with. Northwesterii Mutual. LilfS
1971,./'
due
,The company has been
Extra Dividend—
Declares 25-Cent
2681.
p.
of its products, despite
exceeded prewar production
50%
approximately
production which
"on
1948—Month—1947
30—
Period End. June
Increased 8.7%—
to be. back-ordered
McNabb
Mr.
American Stores
of the year appear to be favorable.
stated that the company continues
balance
the
AA|A:/A;A'
246.;
p.
sert;
InsuranceJ2Q; for. sale pf tne bonds to net' no,t:iess than, face value
plus accrtied interest.- -Earlier-"this yeaa-; Jbe company was authorized
to
sell
$1,000,000
of debentures.
An application is pending for
authorization to offer - 12,800' shares ' of common
stock- to /preaent
.
For
Co.—To Issue Bonds— i
Telephone
has been 'authorized by 'the California.: P. U/rCommtsab additional $1,000;0Q0 of first mortgage ; bonds/ .3 V4%
company
to
series
Howell
&
assumption by
obligations."
Burlington's
upon the
j
California. Water &
-
V
A/ '.i-.
. **, ■ V
Co.—Earnings—Extra Dividend— A
«s<-' i
' •
«...
■' '
Period End. June 30—
1948—3 Mos.—1947
1948—6 Mos,—1947 :
»Net-profit after taxe5-„
t$487,678
$571,299 *$1,103,829 A$i;$ll,672
•Earns, per com. share$0.99
/ j$1.17 ; ,
$2.26 $2/70 „
preferred, divideiid requirements.
tAfteX.J'e.Qeral :taxes of
$298,000.
tAfter Federal. taxes of $676,000.. AA'A./AA
V J. H/McNabb, President,-also announced that, sales for the/ sepond
quarter" of 1948 continued at a high level, and that prospects- for
Bell
■
-..»1fTH
»
-
}>,
7,711/757 ,A 9,329,470
*
Burlington MiLs.all its
Mills Corp. of all the existing liabilities and
.■tbefcmatders 'Hti receiv* hud.vo
shares of
/common stock in exchange for their shares. A/;- - ;.- ,
. :
Mr. Kaiser joins Burlington Milts as, ar director and Vice-President
and will head all its hosiery operations.—V. 167, p. 2570.
4,926,298
4,939,947
<r
.-4,
_v—
1358.
V-
V-
•
have Inside fans
throughout the load, . keeping spoilage to a
distances;
surplus
President
McEwen.
Kaiser, President of. May
May. NicEweb
4,200,000
4,200,000
Capital surplus
Earned
—"—
1—
Robert L. Huffines, Jr.,
announced jointly by
May MCEwen Kaiser Co. has conveyed to
existing properties and; assets, "subject to and
Burlington
19,3521861 23,421,026
8,394,548 " 11,982,853
—
contingencies
for
Reserve
.
welded
assets)v__-V-T--__
liabilities 1
1
Currept
Current
Foundry
Express
5>2D.682.241 $,>0,o 34,410
6,188,684 11,981,393
6,277,231' / 7,247,746 >
___—
—
-
—
•
was
Burlington, and Herbert M.
of
Mar!; 29/47
.A' A Mar. 31,'48
'
-
government securities.—
Inventories
Great Northern Ry. train consisting of 100 new Western,.
refrigerator cars, built by the American Car &
Co. in its Chicago plant, left Minneapolis on July 16 for Wenatchee,
Wash.
The cars are being rushed westward in time to enter perish¬
able service" transporting the cherry and apricot harvests to-eastern..markets.
*
A A-A
/A/A ■ ''/A,''*
' special
A
Fruit
\
assets
and
Cash
it
Mills,
„,
'
the common stock
share was also paid on
per
2, last year.-
Oct.
'-
'
-
distribution
A
on
BAL. SHEET ITEMS
STATEMENT OF SELECTED
■COMPARATIVE
Guaranty Trust Co. of "New
' /. " !\ '/•>
be mailed by the
Checks will
16.
1943
Monday, July 26,
CHRONICLE
& FINANCIAL
COMMERCIAL
THE
(342)
2
,
ii
147
718,654.
13.548,182 13,283,504^ 17,179,853
1.066,636
761,521^:4,196,332
0139,639
*163,459. .-,,2,520,091.
"V'
,
Volume 168
Number 4719
Central Illinois
The
Bankers
Service Co.—Definitive
Public
Trust
Co.,
THE
Wall
16
St.,
York,
New
Bonds
May—
to deliver definitive first
Gross
Registers With SEC—
1.948
from
registration statement was filed with the SEC July 5 covering
574,087 shares ($10 pari common stock, owned by Halsey, Stuart- &
Gross
Net
ff'.om
Net
ry.
the
of
names
petitve bidding.—V.
168,
underwriters
will
be
determined
by
com-
147.
p.
CHRONICLE
?
1947
:
1946
from
Connecticut Mutual Life Insurance Co.—New Appoint¬
Michael
railway
96,748,063
90.163,351
77,993,263
18,728,232
6,505,898
2,181,404
7,326,70.9
3,107 641
25,092,240
12,192,031
168,
The
18.
June
i, 1948, and to be
company's office at 443
due
p.
Ohio
With SEC—
at
to
will
be
Me.,
received
11
at
a.m.
: c:
attached;
from
of
sold
three
to
the
shares
$5
(no
share.
1
a
stock
common
shares
$5
at
persons
par)
Sept.
2,280
on
warrants;
to
$6.25
after
(no
to
period End. May 31
Underwriter,
Net
$3,506,817
income__
ry.
oper.
Gross income
Deductions
'178,172
150,717
207,464
168,
Period End. May 31—
from
1,068,078
59,526
'2,006,376
<•1,325,806
The
888,298
654,818
3,768,7,07
3,197,624
Profit
658,462
3,791,363
3,213,311
gross
a
—V.
1,841,188
1,950,175
1,017,973
July
declared
20
common
stock,
two
quarterly
payable
Aug.
Net
Quarterly
dividends
of
30
to
Nov.
Period End. June 30—
and
The
158,428.058
the
4,822,576
3,610,088
14,004.559
20,609,310
started
$0.61
$0.46
share.
com.
number
on
and Ohio
possible
of
interest
Pere
9,521,480
12,421 028
$1.75
outstanding
$2.60
after
of
merger
Marquette.
June,
1948 and of period to June 30, 1948
$936,300 representing accruals for one-seventh
in income and excess profits taxes years 1939-
debit
elected
thereon
Dec.
to
31,
less
1947
potential" income
tax
saving on such interest, (b) net credit of $873,200 because of retroac¬
tive adjustment in
rate for Railroad Unemployment Insurance from
January to May, 1948 after allowing for income taxes and (c) net
•debit of $37,200 for estimated current
interest on said possible
tax
Approves Equipment Trust Issue—Opposition of
Stockholder Overridden—
ICC
July
on
14
authorized
issuance
of
$3,500,000
2%%
The certificates
were
approved in spite of the opposition of George S.
Jackson, New York, a stockholder who objected to the acquisition of
the two coal-burning, steam turbine electric
passenger locomotives, and
further
opposed tlie
equipment
purchases on
the
ground
that
the
&
O.
ICC
replied
•conducted
it
at
ICC
assets,
less
be
exclusive
than
tions.
•which
of
current
It
similarly
operations at a loss.
To#this the
knowledge that passenger operations were
general
loss
a
passenger
on
rai roads,
many
but
represented
express
a
for
referred
large
the
$22,604,137
liabilities.
to
warned
that
said,
the
in
the
of
&
material
it
than
report
another
proportipn
ICC
of
This,
other
purposes
continued
O.
transportation
public
March
on
and
of
payment
in
financing
in
attractive
hot
obliga¬
which
of
the
Walter
•will
J.
of
Tuohy,
the
include
full
been
elected
authority
over
the
His
Vice-President
as
First
operations
of
the
temporary absence of the President,
•any
First
duties
subject to
and
a
Vice-President
company during
board and the
the
•Chairman.
Mt.
Tuohy
of First Vice-President is a newly-created one.
replaced on the board. Harvey D. Gibson who
become a member of the re-organized New Haven
(board of directors.
$101,007
310,116
310,116
Nil
$0.24
—
Underwriters
12
of
filed
A
of
notification
stock
common
particularly
Broadcasting
Mt.
on
of
air-cooled
units,
compared
year
1947
life
System,
building
of
corporation
($1
with
par),
the
years.—V.
163,
p.
shipments
and
to
with
of
reflected
Mr.
the
insurance
controlling
Inc.- -Building
210.830
148,049
aircraft
gradual
Reese
lease
for
before
Federal
New
5.700-foot
Los
to
Mt.
Wilson
Angeles,
the
Transmitter
Los
has
been
Angeles Times-Mirror
said.
will
adjoin
station
the
KNX,
hfter
frequency
Hollywood,
the
which
Columbia
will
the
War
engines
William
this
of
B.
Federal
heat
other
have
York
expected
first
that
167,
the
mortgage
Original
property
has
maximum
are
now
antenna
bonds,
3%
series
due
as
installed
will
1978,
for
and
Deed
issued
Trust
of
dated
Railway
be
the
shares
shares
of
class
of
16
$3.50
A
$10,000,000
letter
a
of
prior
preferred
stock, to be
notification
stock
sold
($50
in
with
and
par)
units
the
Edison
bonds.
and
rate
statement
mortgage bonds
has published an
The
bids
will
redemption
are
awarded
has
already
to
the
be
of
be
not
6.8
of
of
the
been
It
its
feasible.
acres
has
company
bars.;'
that
is
for
intermingled
disposal
to
another
,
land' and
operating
12
the
at
buildings
plant
under
of
an.
plant to the government, including both realand equipment, was $2,919,470.
Its fair value
$1,090,000.—V. 168, p. 44.
Rys.—Earnings1948
1947
$2,333,079
1,167,638
:_•■
$2,115,234-
898,738
147,461
296,867
$1,017,»B0
$1,077,316
not
include revenues from services rendered
Cuban Government
not
been
collected.
{Includes
interest
on
funded
debt
in a transitory provision of the
constitution of the
Cuba, which is less than coupon rates.
specified
of
not
net
loss
of
Companio
subsidiary,
been
included
de
the
Fomento
to
amounting
in
$92
foregoing
in
de
Puerto
1948
and
figures.—V.
Tarafa,
in
$86
168,
a
2947..
44.
p.
with
became
the
effective
invitation
opened
prices will be
for
covering
July 19.
bids
for
the
Railway
Net
tax
debt
the
at 11 a.m., July 27.
The coupon
determined at the time the bdnds
Illinois' Commerce Commission
order
in
connection
with
is
issuance
of
at
per
not
outstanding
rate
have
specified
been
in
from
services
collected.
transitory
a
rendered
{Includes
provision
the
foregoing
for
Ugures
the
do
three
include
not
months
the
of
net
ended
<-
Cuban
interest
Republic of Cuba which is less than coupon rates.
subsidiaries'
700,000'
$1.09
revenues
not
$826,853
700,000
share
common
2.96,867
.
$0.9T
Gov¬
funded
on
constitution of
_
income
March
of
wholl.v31.—V.
167r
2684.
p.
the
304,571
includes
which
3,577.111
$916,185
__
NOTE—The
owncd
in part, the expansion
of companies which in¬
additional electric capac¬
the
accruals
shares
ernment
of
1947
$4,700,830
3,972,090
profif,
Earnings
$50,000,000
purchase
1948
$5,192,846
"Does
SEC
Co.—Earnings—
JExpenses
share
one
successful, bidder.
entered its
would
of
steel
extent
"Income
11,940
Co.—Bid for Bonds Asked—
filed
first
Company
the
place
alloy
the
Quarter Ended March 31—
SEC
preferred arid two shares of class A common for $50.25
per unit.
Underwriter, Julien Collins & Co.
Proceeds will be used for
working
registration
only
(0
accruals
NOTE—The
of
30-year
cost
have
Republic
under company's
Sept.
1,
1940.—
capital and general corporate funds.
The
America—Buys Plant—
Corp., Chicago, 111.—Files With
filed
common
$0.47
44.
p.
drawing
consists
The
Cuba Railroad
July
on
564,928
$0.22
facilities
appraised
tax
rate
SEC—
company
$265,240
564,928
income
which
has
Discount
$124,073
167,
cold
in
use
wholly-owned
Commercial
Not
before
well
Co.—Trustee—
trustee
168,
Stated
G8.000)
revenue
Net
act
was
1947
$192,073j
JExpenses
at
will
in¬
May
lawnmowers
engines.—V.
power
air-cooled
Quarter Ended March 31—-
44.
5,970
for
April,
the
and machinery
been
"Gross
general
cnarge oi
construction permit
FCC
and
since
airplane
exceeded
Commission
Building
in
Southern Ohio Electric
Mortgage
V.
p.
largest
personal
taxes
lease.
2786.
p.
Farmers Trust Co.
open-end
168,
small
an
1948
income
Cuba Northern
Terminal
Vice-President
transmitter
new
for
property
sizes.
been
television
radiate
and
Crucible
various
"Does
Bank
the
the
shipments
demand
of
ago,
surplus jitee}
a
treating
with
19.
Central
Lodge,
year.—V.
Columbus and
City
in
months' period
increase of
eight
year
were
engine
in
the
in
a
Administration 011 July 13 approved sale to this
facility at Midland, Pa;, for $800,000.
Located approximately l!>/2
miles from the
main Midland plant, of
(he
company,
the facility is a single purpose
one,
usable
Purchased
Communications
July
on
Grand
New
to
payment
Assets
of
company
cost
for permis¬
Disappointment to
antenna
the
System
Federal
announced
at
special
enable
Broadcasting
under
headquarters
engineering, it is
granted and the
end
units
units
taxes___
depletion.—V.
Interim
and
the
the
April, 1947—
improvement
Marine
Crucible Steel Co. of
KTTV
Antenna
with
Underwriter,
toward
applied
profit
The
and
Federal
income
"Before
*
transmitter
WCBS-TV
to
statement
stock.
common
be
Capital shares outstanding
"Earnings per share
house
to
Calif.,
undergoing complete reconstruction, -with new studios beink adrie^ and
much of the very latest, technical equipment
already instaled there.
the
$1,636
Copper Range Co.—Earnings-
companies.—
bujlding is expected in two months.
Its
at'approximately $160,009 exclusive of Equipment.
•
registration
a
par)
will
149 and 44.
pp.
operator
According
1947
$1,465
Co.,
"Net
atop
KTTV,
re¬
248.
amounted
shipments
be
to
Securities
the
signal
permissible
regulations, it was
railroad
Tuohy joined the C & O as Vice-President in charge of coal
traffic and development on Jan.
20, 1943 after 20 years in the retail
■wholesale and operating phases of the coal
industry. When he joined
the railroad, he had been President of the Globe
Coal Co., Chicago,
charges
but seasonal slackening
reflected
in reduced
Wilson—
new
a
transmitter
the
CBS-TV
31
Company Only)
Quarter Ended March 31—
of
by
of
MARCH
npte?.
this
With
Co., Inc.—Files
letter
a
class
corporations,
Commonwealth
has
to
and
48 %.
July
on
five-kilowatt
purchased
QUARTER ENDED
of 22,532 automotive and
industrial engines in June made
biggest month since V-J Day, and carried the total
types to
Cr50,000
reserve—
shares
Television
new
Re¬
of
rates.
President,
Wilson.
A
Mr.
four
162,915
61,908
The
New
funded
constitution
of
for tl.\ese
1.64,609 units in the eight months ended June
30, C. J. Reese,
announced on July 15. The
gain for the eight months waa
45% over the total for the like
period last year. Automotive and In¬
dustrial engines accounted
for approximately
60%
of total business
in 1947.
;
•. vi?:
Total engine
shipments, including also aircraft, marine and small
$6,070,898
2132.
p.
other
estimated
is
post
Mr.
THE
Govern¬
on
1725.
p.
the
Common
The
signed
FOR
taxes
$3,500,000 bank
that
"623,964
Ground
for the
new
project was broken soon
Communications Commission granted a request of
sion
to change its
transmitter location from Mt.
for
directors.
of
after
the
The
has
47,
board
coupon
than
Shipments
1947
1186.
Completion
in
Official Promoted—
less
is
on July 19 filed
covering 300,000 shares ($1
Alstyne Noel Corp.
Proceeds
Van
a
cost
provision
-J*?16 company
investors.
to
transitory
$1,902,533
Cuban
interest
1948
165,
SEC
Calif.
of
involved
was
most
of
would
current
case
a
equipment
equipment would make the certificates less
•member
Service
Corp.
1948
station's peimitee.
30.000-cubic foot, one-story structure
modulation transmitter of Columbia-owned
showed
$14,716,938
funds
which
$1,932,701
rendered
{Includes
June Shipments
Largest Since
The
service.
31
supplies,
suggested
May
of
cost
that
necessary
said current liabilities of the C.
available
•of
was
mail and
passengers,
The
conducting
was
in
services
collected,
Continental Motors
Corp.—Registers With SEC—
Assistant
and
Financial
T.
per
share.
Underwriter, Mid-South
Tenn.
Proceeds will be used
to
purchase
by this
station
the
•equipment trust certificates to be issued by the Bank of The Manhattan
•Co.,. and sold at 99.5101 and accrued
dividends, to cover cost of certain
equipment.
<€.
I.
and
York
New
of
C.
of
of
by WCBS-TV—
The
Co.
affiliates
$10
television
Co.,
deficiency.
ICC
Assistant Secretary
Insurance
Co.—Earnings—
Western
Construction
of
deficiency
and
shares
of
and
income
net
165,
Transmitter
9,59o|932
23,789 731
(a)
Fire
outstanding
share
Columbia
8,611,116
2,088,099
specified
Cuba
profit
Profit
19,343,173
NOTE—Net
rate
been
•
_—_
from
revenues
have not
(Parent
Net
.
common
24 170
in
-4,477,98a
,* 436,052
452,036 %
domestic
co-terminal
as
include
which
of
dustry,
p.
1,664,983
include
per
at
165,
152,176,161
inc.
income
1945
26,374,212
V.
4,070,408
•Chesapeake
serve
at
1947
$6,816,572
5,141,724
1
_w—
EARNINGS
$
56,929
"Calculated
'
"$573,964
company
6,563,204
per
will
taxes
shai'es
for
3,511,193
"Earns,
-of
$
1948
___ ___
total,
income...
oper.
Houston
and
guarantee
Colonial
profits taxes
railway taxes
ry.
Net
31.398,846
Canadian
exc.
Other
Net
flight
prQfit
interest
1948—6 Mos.—1947
$
and
debt
$2,987,108
Nashville,
1948—Mcnth—1947
income
168,
week of 1947, an increase of 4.3%. Local
amounted
to
188,300,000 kwh.,
compared:
the corresponding week of last
year,
an
p. 249.
accruals
not
and
public
SEC—
SEC
Chesapeake & Ohio Ry.—Earnings—
U. S.
ment
"
charges
"Loss—V.
20
and
31
for
$7,526,461
tax
June
on
kwh.
______
income
"Does
Interna¬
2464,
income
offered
Gross
Inc.—First
formerly Treasurer of American Automobile Risks,
was
p.
after
Earnings
2786.
p.
Lines,
sales
Net
Common
the
electricity
__
Railway
2,198,338
191,820
record
167,
1,424,571
Net
148.
p.
Service
Replacement
466,642
490,417
on
21 announced that System output of elec¬
and purchased) for the week ended July
203,000,000 kwh., compared with 194,600,COO
Financial (Cory),—New Officials—
of
167,
Federal
on
to
2.9%.—V.
{Expenses
2,637,774
"1,455 451
6 Months Ended Jan. 31—
$7,390,405
Aug. 3 and Nov. 3, 1948,
respectively. On Feb. 28,
semi-annual
distribution of 35 cents per share was made'.
last,
168,
Nicholas
Mr.
1948—5 Mos.—1947
405,475
of
Orleans
Collins Radio
43.
each
38,094
448,231
.
directors
cents
Jholders
1,937,009
international
Casualty Co. of New York,
$8,245,900
Central & South West Corp.—Dividends
Basis—
July
corresponding
of
of
"Income
-
Air
J. Nicholas has been
$1,507,151
income
p.
C. I. T,
John
$1,776,160
income
168,
scheduled
New
Inc.—V.
income,.
1,148,832
"432,007
Southern
4k
first
895,892
Net ry. oper.
•Gross
income
—V.
1,045,422
1948—Month—1947
271 106
11,059,943
—V.
4
Pennsylvania—Earnings—
revenue
"374,622
10,446,685
2464. A
163,
' -' ;,?•*
Consolidated Railroads of Cuba (&
Subs.)—Earnings—
of this corporation to Ja¬
maica and Venezuela on July 31,
is announced by Carleton Putnam,
President.
Highly
effectual service
will be provided through three
round trips weekly to Kingston, Jamaica, and Caracas, Venezuela, via
<•257,728
£ 48.
p.
The
,
1,793,955
210,243
159,634
150,317
Flight July 31—
Treasurer
*
Deductions
<
<•2,237,593
<-960,954
the
183,000,000
increase
509,508
12,391,518
railway——
income—
Chicago
i'/u
$2,235,790
"140,049
132,674
oper.
tional
Vice-President.—V.
2nd
a
Quarter Ended March 31—
"Deficit.—V,; 167, .p.
$3,100,102 $17,013,003 $14,958,087
47,820
1
Central RR. of
ry.
1945
$1,840,622
398,821
12,871,313
railway
gateways.—V.
gross
income
•'Deficit.—V.
Net
•
for
with
1—
from
from
1946
$2,464,277
283,890
income—
oper.
1947
$2,520,695
railway--,.-—
Havana.
194,8—5 Mos.—1947
.<•200,440
:—
from
income
Net
ry.
Gross
The
Jersey—Earnings-
1948—Month—1947
revenue
Operating
from
1,
common
^
Central RR. of New
•
railway,
fr.om
Net
appointed
be
Sept.
pari
Co., Columbus, O.
Proceeds will be used for additional working
capital for the company and a wholly owned subsidiary and to purchase
equipment for the subsidiary.—V. 166, p. 2208.
Net
Gross
1948
Net
-
750
ranging
exercise
be
-
Files
—
Ohio
Operating
May—
Net
to
up
on
prices
under
stock
Bids
Portland,
July 12 filed a letter of notificajtion with the SEC
sinking fund debentures, due 1959, with stock pur¬
company
$15,000 5%
chase warrants
1953,
1978.
Distributing Co., Columbus, O.
■
for
bought
1,
St.,
boon
generated
amounted
distribution
Chicago St. Paul Minneapolis & Omaha Ry.—Earnings
From Jan.
Central
The
June
Congress
147.
168,
has
on
(electricity
1948,
kwh.
Central Maine Power Co.—Bids for Purchase of Bonds
company is inviting bids for the purchase from it of $5,000,000
first and general mortgage bonds, series Q, due
1978, to be dated
company
tricity
43.
p.
■
The
Dolak
Consolidated Edison Co. of New
York, Inc.—Output—
93,604,063
12,377,964
'
income—
oper.
C.
190.
p.
|
railway:--—
3
ment—
1945
1—
"Deficit.—V.
(EDT), July 26.—V.
(343)
railway
From Jan.
Co.
The
FINANCIAL
*
$19,202,388 $18,749,386 $13,581,166 $19,465,671
Net from railway
1,886,819
3,095,198
<'709,721
4,675,084
Ne.t ry. opex*. .income.,--1 1.59,941
.->1,1.89,418
,:,2,104,609
2,353,278
A
Inc.
&
Chicago Milwaukee St; Paul & Pacific RR.— Earnings
N.
Y., has been
mortgage 3a/a%
bonds,, series B, due Sept. 1, 1977, in exchange for temporary bonds
appointed agent in New York
COMMERCIAL
bonds.
Chicago Great Western Ry,—Reduces RFC
has
company
thereby
paid
reducing
road' announced
conditions
If
Loan—
on
$1,000,000
to
to
$3,000,000
Reconstruction
the
original
Finance
loan
of
Corpo¬
$6,393,870,
July 22.
recent
according
years,
year, however,
•earnings, he added,
panded
program
of
it
as
to B. F. Parson, Vice-President and
Secretary.
expected that there will be little or no net
the management, expects
,fo .enter upon an ex¬
is
track
laying
a.nd other
it
is
anticipated steel will be available.
Among improvements planned for 1949
-tracks, rearranging and enlarging yards,
and
The
1948,
<;
Interstate
to
better
serve
for
which
lengthening
installation
the
shipping
of
of
passing
end-to-end
public.
Commerce
Commissiqn has extended to Dec. 31,
filing exceptions to the examiner's proposed report
company's application for authority to issue income debentures
common stock to be offered in
exchange for preferred stock.—
the time
168,
p.
for
43.
The Commercial
William
Dana
'NOTE? On
and
Financial
Rpihpi't.
accountr of
Chronicle
Prncirlovit*
the
the
of the bond
issue
Commonwealth
installation
of
to
Cuneo Press,
finance,
Edison
group
657,000 kilowatts of
1948-1952.—V.
168,
Quarter Ended March 31-—
p.248.
The
Earnings
weekly
kilowatt hour output of electric energy of subsidiaries
corporation adjusted to show general business conditions of
territory served for the week ended July
15,
1948,
amounted
to
304,864,086 as compared with 275,727,736 for the
corresponding week
1947,
—V.
an
increase
of
29,136,350
or
(Reg,
Willinm
fluctuations
in
r*
the
U.
S.
ttirrrra
rates
Patent
Office)
•niiciv.acc
of
per
166,
this
in
1948
P.
Corp.—Earnings—
EARNINGS
FOR
MARCH
sales
Net
Class
Common
to invest the $10,200,000 plus $2,800,000 from
its treasury in the purchase, tof 50,000.
shares ,of, Alabama Power Co.
common
stock lor $A,000,0do and
500,Q00'share? of Georgia Power Co.
common, stock for $8,000,000—V. 168, p. 2.48.'
' ?M'
B.
Dana
PllhllKVlPrl
Company,
f.wip.P
a.
Publishers,
Wppk
Tpvpto
exchange/remittance for foreign subscriptions
25
Park
ThitrcHnv
Place,
New
Copnpral
York
nPtoc
8,
anrl
and advertlsements niust be made
QUARTER
A
!___
ENDED
"$23,458,379^
{1,340,068
shares outstanding
shai'es outstanding
951,658"
7,432,03$
Earnings per class A share
Earnings per common share-——
The corporation plans
William
THE
1948
profit after Federal income taxes
tional
The
Monoircr
31,
Net
corporation has received SEC permission to buy 1,020,000 addi¬
shares ($5 par) .common stpek In the
Southern Co., a subsidiary.
holding company will pay $10,200,000 for these shares.
This sum was acquired as a result
pf the recent sale of company's
stock interest in South Carolina Power Co.
$0.80
-
CONSOLIDATED
Authorized to Buy Southern Co. Common Stock—
892.120
44.
Curtiss-Wrisrlit
10.57%.
share
common
$734,581
$0.51
taxes
1947
$502,196
958.120
Net income after charges and Federal
Common shares outstanding
;
Commonwealth & Southern Corp.—Weekly Output—
of
Inc.—Earnings—
(jlncluding Wholly-Owned Subsidiaries)
The
are
the
cand
"V.
other facilities
improvements,
of
the
ity in the five-year period,
in
JNext
*on
volves
remain
favorable, the loan will shortly have been
full, the management anticipates. Outstanding debt of the
•company, exclusive of equipment obligations, will then be reduced to
yabout $11,000,000.
Earnings for June promise to he larger than for
any
month in
.repaid
radio
purpose
program
The
ration,
the
The
$1.4L
$0*12
"Includes
{Includes
Unfilled
compared
N.
a
Y.,
$1,010,000 retroactive price increases
$606,000 applicable to retroactive price
orders
with
on
March
$118,500,000
REctor 2-9570.
rlvpri.isjirnr
iccnn*
tit! Hi
in New York funds.
31,
on
Herbert
ti
c
applicable
to
1947.,
increases.
1948,
Dec.
D.
amounted to $140,500,00C,a&
31, 1947.—V. 168 p. 249.
Seibert,
+ oticfinol
4cc,lk
Editor
—
and
..
Publisher;
Traction
Danville
Power Co.—Partial
&
of the sinking fund, $12,000 of first mortgage 30-year 5%
gold bonds dated July 1, 1911 (extended to July 1, 1951) at 100 and
interest. Payment will be made at the Maryland Trust Co., trustee.
Calvert and Redwood St,s.. Baltimore, Md.—V. 166, p. 369.
operation
Vice-President, announces the formation
a wholly owned subsidiary, to market
records on the Brunswick label through
independent distributors. Initial releases will include popular, coun¬
try and sepia recordings with other classifications to follow in the
167,
future.—V.
near
Co.—American Light to Offer 190,000
Edison
Detroit
2465.
p.
Common Shares—
lot of common stock in the comnanv is to be
offered for sale at competitive bidding by American Light & Traction
Co.
The latter has asked the SEC to authorise this sale, whicn will
l!;0,000<hare
A
Edison stock to
of Detroit
company's ownership
168, p. 249.
holding
the
reduce
260,365 shares.—V.
kwh., or
p. 250.
168,
Light Corp.—Weekly Input—
The
entire
Philadelphia has postponed
Sales
alter
Federal
charges
394,000
taxes
income
$5,615,986 $12,227,345 $10,678,364
989,652
2,065,160
1,988,372
376.000
800,000
756,000
$6,173,081
1,010.816
___2_
Profit
'
Net
$616,816
948,007
$0.64
$0.63
outstand.
shares
Earnings per
share
com.
$1,232,372
948,007
$1,265,160
$613,652
948.007
profit
Com.
1948—6 Mos.—1947
.1948—3 Mos.—1947
948,007
$1.31
.
$1.27
New Vice-Presidents Elected—
Fry, President, on July 9 announced that S. K. Harrington,
Stove division, Battle Creek, Mich., and Fred A. KaLer.
John A.
.
of
the
of
Detroit Mich.,
has
A-B
elected
been
E. Lewis
been elected Vice-Presidents.
Charles
Secretary
and
Gordon A. Dennis as
have
Assistant
Secretary.
procurement of materials and
been Assistant to the Presi¬
Harrington has been in charge of
the sale of A-B stoves.
Mr. Kaiser has
Mr.
dent.—V.
167, p. 1921.
Devoe
.
Co./Inc.—Semi-Annual Report—
1947 1 JV ."l946
1945
Raynolds
&
End/May
;
sales, lefi^returns'
Royalties,
interest and
6 Mos.
i
Gross
other
$26/657,927 $21,433,330 $15,343,061 $12,432,107
income
37,836
42,788
22,577
80,788
income
Total
,
and* the
Offered—The First Boston
Corp. headed a group of investment banking firms which
offered to the public July 22 a new issue of $14,000,000
3V4% first mortgage bonds, series due Jah. 1, 1973. The
bonds were priced at 100.84 and accrued interest, to yield
3.20%. The issue was awarded July 20 on a bid of
100.409. Three additional bids for its bonds, all of which
named a 3%% coupon were received viz.: Halsey, Stuare &
Co. Inc., 101.458; Kuhn, Loeb & Co. and Smith,
Barney & Co. (jointly), 101.271; Harriman Ripley & Co.,
18,033,466
redeemable for the sinking fund at prices
ranging from 100.84 in
1949 to par in 1972.
General redemption
pr.ces range from
103.84 to par.
*
..
,;i„
PURPOSE—Of the proceeds to be
received by the' company from
the sale of the bonds,
$14,000,000 will be delivered by the company
to
Philadelphia Co., together with 563,000 shares of newly;'created
common
stock of the company, in exchange for (a) the natural gas
properties of Philadelphia Co. now operated by the company under
lease,
(b)
the presently outstanding capital stock of the company
(which will be canceled forthwith upon receipt), and (c) notes and
of the company now owing to
Co. and Pittsburgh & West Virginia Gas Co.
Any balance
from the sa.e of the bonds w.ll be used by the company
Federal
obl'gations
other
certain
6,005
-
V
178,500
..
777/000
'501,800
-1,068,000
excess
-Scries
due
Jan.
stock
••'Unlimited
profits taxes
70(200
cl. A share.
$427,003
$0.80
$2.38'
tEarns. per cl. B share.
$1.19
Earns,
per
sBased
.
188,626
on
$0.40
tlncluding
shares.
'
~
depreciation.'
$1.70
$0.85
$3.07
$1.54
•
-tBased
shares.
438,592
on
'
BALANCE
SHEET,
ASSETS—Cash,
j
and
$2,851,275;
accounts
$130,82L;
„.discount and expanse, $71,435; unexpired . insurance premium,
"miscellaneous supplies,-etc., $339,978; total, $23,396,220. -
banks, $1,000,000; accounts payable,
$1,523,015; accrued Federal income and other taxes, $1,937,925; ac¬
crued dividends, payab e, $26.6,452;
other accruals, $660,381; 20-year
2%%, sinking fund debentures due 1.965, $3,185,000; class A stock
(par'>value'$12.50 per Share), $6,836,261; class B common stock uf
no par value
(outstanding 183,626 shares), $1,245,349; earned surplus.
$6,150,546;
capital
surplus,
$531,291;
total,
$23,396,220.—V. 166,
p. 464..
*
. -r% V-, "
LIABILITIES—Notes
■
.
Inc.—Acquires Dripcut Server—
Dispensers,
corporaii
to
'
■»
The
payable
the acquisition of all manufacturing
has announced
m
Dripcut is
oils, dress¬
formerly manu¬
the original Dripcut Server.
The
the all-purpose aripless dispenser for honey, syrup, cream,
and
selling* rights
for
all kinds.
It was
factured and sold by the Na-Mac Corp. of Los Angeles, Calif.
Dispensers, "hie., is headed by S. Willard Isaacs, Maurice Gold¬
man
and
Harry
Long, all
of Allied Plastics, -Los'Angeles.
D. E.
Sanford Go. has been appointed sole selling
agent for the Dripcut
Server.
Prices will remain the same for most of the line, the excep¬
tion being, flight reductions in ithe crystal glass models with metal
l.ops and removable Catalin handles.—V. 165, p. 206.
ings,
batters,
other liquids
and
of
Inc.—Earnings—
Dorset Fabrics,
FROM -DEC.--28,
EARNINGS
T947/TO MARCH 31,
1948
$3,547,924
sales
Net
*150,480
1,200,000
$0.30
.Net
profit after income taxes
Capital shares outstanding
Earnings
i> "After
i
1
share____
per
contingency
deducting
of $85,000.—V.
reserve
1693.
167, p.
Inc.—Booklet Issued—
notes
the
in
interest
ior
It
is
its
13
operating
companies,
167, p. 2684.
and services of each.—V.
gas
Pennsylvania and
ner:
the following man¬
recapitalize the-company in
to
„■'
•
,
West Virginia Gas Co. wilL declare a dividend
in kind'to Philadelphia Co. of the px-esently outstanding capital stock
and
demand promissory
notes of the company -held by it and ihe
account
representing receivables not
current for interest owing by
the
companv
to
Pittsburgh & West Virginia upon such notes • at
Pittsburgh
(a)
Dec.
&
"
1947;
Philadelphia
31,
•
-
-
the company such capital
stock. noies„find receivables, together with the natural gas production,
transmission,
storage
and
distribution
properties of
Philadelphia,
including its municipal franchises and consents, which are now leased
to and operated by the company, the demand promissory notes of the
company
owned by Philadelphia and the accounts representing re¬
ceivables current, as well as not current, for interest and rents owing
by the company to Philadelphia at Dec. 31, 1947;
let
The
company will
increase its authorized capital stock so as
to
provide-that it shall consist of
33,000 shares of capital stock
(par $1001 (being the presently outstanding capital stock of the com¬
pany) and 750,000 shares of new common stock (par $20). which will
have cumulative
voting
rights in the election of directors and the
limited pre-emptive rights; and will
deliver to Philadelphia, in pay¬
ment
the assets to be transferred by Philadelphia as aforesaid,
for
(ii
$14,000,000 of the proceeds of the sale of the bonds, and
(iii
563 000 shares of the new common stock, being an amount of
stock
equal in aggregate par value to the net worth of the company at
Dec. 31, 1947, computed by giving effect on the company's books at
<bi
date
shares
reduce
of
capital
to
transfer
will
Co.
referred
transactions
the
to
the
will
and
The company
to.
will forthwith
stock which it receive.TOrom Philadelphia
capital stock accordingly^-and
authorized
its
of
Oil & Gas Co., a wholly owned subsidiary of Phila¬
transfer to the company all its natural gas properties,
principally
of
production
properties,
and
certain
other
inconsequential value.
The properties of Finleyville trans¬
ferred
to
the
(di
Finleyville
delphia,
will
consisting
Dryden
Realty
Corp.
(Hotel
N.
Dryden),
City—
Y.
:Plan Approved by Court—
depreciated
the
.
,
Pursuant
14,
bv
the best
*•-'
Said
to an
the New York Supreme
order of
Court dated July
an amended plan of reorganization has been finally deter¬
said Ciurt and approved as fair, feasible, suitable and for
1948,
mined
interests
amended
the
of
security holders and creditors.
by
(Allen B.) DuMont Laboratories, Inc.- -Registers With
*SEC—
values
on
made
payments
The
of
excess
bv
been
has
common
at
the
the
treated
to
1947,
Dec. 31.
books of
the
the company at their net
in partial cancellation of
representing pre¬
company
as
Finleyville
off-set
an
issued
be
by
will
The company
July 16 filed a registration statement with the SEC
on
covering^ 150.000 shares of 5%
und
shares
29,515
Alstyne
Noel
will
used
be
including
of
Corp.
to
class
and
increase
Pittsburgh for
$125,000.—V. 1G7,
cumulative preferred stock
working
$300,000
stock.
common
Gearhart
manufacturing
a
in
A
plant
and
&
Co.
Inc.,
capital,
for
Underwriters
New
($20 par)
York.
are
Van
Proceeds
additional facilities,
a
television station
Washington station for
gain
$1,700,000,
moving
the
2788.
p.
(E. L>; jflu Pont de Nemours & Co.—Earnings—
The
Vi-oj
•
•.-.i." '
,'H;
companv
equal
to. $5.12.
1947.
.In
common
the
reports net
a
common
first
three
the six months ended June 30
against $5.13 in the first half of
profits for
share,
months
this
year,
company
earned
share, against $2.60 in the like 1947 period.—V. 167,
$2.46 a
2131.
p.
liquidated.
be
determining
in
to
the company
the
This
amount
Philadelphia.
of
At
time all the gas properties of Finleyville are being operated
the company and all the gas produced therefrom is being taken
the company under a gas purchase agreement.
It
is
proposed
to make
the plan effective
as
of
the close of
business
Dec.
31,
1947,
and
consistent therewith,
accountings and
the present
by
by
settlements
be
will
made
between
the
corporations
sequent
the
of
to
same
as
business
The
if
on
natural
to
in
the
plan
with
respect
to
31, 1947, in order that the resultant effect will be
the plan had actually been consummated at the close
Dec.
31,
1947.
properties which the company will receive from
Finleyville under the plan form part of the prop¬
the subject to the lien of the indenture securing the bonds.
Philadelphia
erties
involved
Dec.
the affiliated
transactions sub¬
and
company
,
•
A.
gas
and
Earns,
—V.
$19,786
outstand.
share
com.
per
168,
462.070
$249,912
462,070
$334,764
462.070
$616,146
462,070
$0.04
$0.54
$0.72
$1.33
45.
p.
Exeter & Hampton Electric
$33
of
July
Co.—Rights—
30 are given
shares
for
share
new
one
8,125
for
share
per
ba%s
the
record June
stockholders of
The
at
of
each
the right to subscribe
common
shares
two
stock
held.
(par $20) on
Rights expire
26.
The
value of the common stock was recently changed from
to effect a 5-for-l split of the outstanding 3,250 shares.
par
$100
to $20
—V.
157,
1178.
p.
Gas Corp.
Water &
Federal
—
Files Amendments to
Plan—
The
tion
filed with the SEC July 16 amendments to its dissolu¬
recommended by the Commission.
amended plan the company will distribute to holders,
company
plan
as
the
Under
1, an allocation of 78/100 share each of the
Natural Gas Co. and Southern Production
record Sept.
probably of
of Southern
stocks
Inc.,
also
made
of Federal.
a
This distribution is expected to
cash dividend payment of 45 cents a share,
presumably to holders of record
on Sept. 15.—V. 1G8, p. 149.
Sept. 1.
This probably will be
1948
$2,336,135
325,749
Net
ry.
ry.
—V.
railway
oper.
167,. p.
meeting
a
1948,
16,
July
of
holders
13,484,936
12,982,790
14,985,285
3,414,179
4.146.491
2,363.230
6.539,381
2,717,649
income
2466.
Wctvaco
168, p.
1,830,361
Corp.—To Vote on Merger—
Food Machinery
At
402,637
railway
from
Net
155,689
1—
from
Net
123,568
income
oper.
From Jan.
Gross
1945
$2,539,108
953,466
3,924.455
2,125,406
railway
from
1946
$2,035,677
292,071
14,911 402
railway
from
Net
1947
$2,221,467
251,643
134,420
May—
Gross
the directors fixed the close of business
record date for both preferred and common stock¬
vote on agreement, of merger with
meeting to be held Sept. 3, 1948.—
held July 6,
as
corporation to
Chemical Corp. at a
this
150.
Co.—Earnings—
Formica Insulation
Quarter Ended
1943
before
Profit
income
Federal
income
Federal
1947
$3,071,248
375,262
142,599
$3,540,346
488,553
185,650
March 31—
sales
Net
taxes
taxes
$232,662
$302,903
outstanding
164,000
164,000
share
$1.42
$1.85-
Net
profit
Common
shares
Earnings
—V.
common
per
164, p.
1E93.
Co., St. Louis, Mo.—
Interests for Sale at Public Auction
General American Life Insurance
Mineral and Royalty
This
company
will
tion,
beginning
1501
place
Locust
interests
a.m..
at
St, Louis,
producing and
Street,
(both
an Oklahoma corpora¬
be held Aug. 16, 1948,
the insurance company,
of the mineral and royalty
and White Oak Royalty Co.,
sale at public auction to
on
11:00
at
the
office
of
Mo., all
non-producing)
of
both of
said
com¬
These consist of a total of 94,118.14 full mineral or royalty
acres,
of which 26,739.49 acres are under lease and 667.04 acres
are
producing.
Income derived therefrom in 1947 was $69,657.
To qualify as a bidder, the sum of $25,000 in the form of a cashier's
or
certified check must be deposited
with the insurance company
on
or
before 4:00 p.m., Aug. 13,
1948,
These mineral and royalty
interests will
be sold only in their entirety as a complete unit.—
panies.
163, p. 310.
V.
Privately—The
July 22 announced that it has placed
privately through Goldman, Sachs & Co. and Lehman
Brothers an issue of $8,000,000 3V4% promissory notes
due July 1, 1963 with the Metropolitan Life Insurance
Co.
The proceeds will be used to repay a like amount
of current borrowings.—V. 167, p. 2685.
H
General
Cigar Co., Inc.—Places Notes
corporation
on
General Electric Co.—Issues Two New
June' 7,
1889.
' *
company is "an -operating public utility company and is now
engaged in the purchase, production, transmission, storage, distribution
gas.
In
addition
to
its
own
properties, the
com¬
Bulletins—
bulletin (No. CDP-578) describing G-E molded
has been issued by the company's plastic Di¬
vision.
The .bulletin is devoted to a description of the design, moldmaking, and molding facilities of G-E Plastics Division and discusses
G-E
sealing caps and
sleeves, G-E mycalex, G-E silicone rubber,
and
G-E
1422
high frequency insulation. » High
and low pressure
laminates
are
summarized along
with G-E silent gears, bearings*
decorative
surfaces, translucent sheets, and name plate materials.
Property tables ar included for reference. «
An
eight page illustrated bulletin
(No. CDM-12) describing G-B
metallurgical products has also been issued by the company's Me¬
tallurgy Division.
The bulletin is devoted to a description ofG-E
cast
and
sintered Alnico,
Cunife, Cunico; Vectolite. Silmanal, and
var'ous permanent magnet holding assemblies.
Special alloys such as
G-E Thermistors and G-E Hevimet are also discussed.
15-page illustrated
laminated plastics
A
and
ager
on
The
natural
taxes
shares
Com.
Monongahela Natural Gas Co.
of
chgs.
income
Fed.
1948—9 Mos.—1947
1948—3 Mos.—1947
after
profit
&
100,000
Williams Corp.—Earnings—
Eureka
first
sale
300,000
Co
100,000
100,000
250.
p.
Period End. April. 30—
Net
BUSINESS—Company is a corporation formed under the laws of
Pennsylvania by the consolidation and merger of Equitable Gas Co.
and Monongahela Natural Gas Co. under agreement dated Sept. 15,
1925.
New letters patent were issued to the company
on March 31,
1926.
Both
of
the
constituent
companies
were
incorporated under
the laws of Pennsylvania, Equitable Gas Co. on Oct.
22, 1888, and
and
&
Masten
150,000
Geo. G. Applegate
S. K. Cunningham &
Co., Inc.
Grubbs, Scott & Co., Inc.
MacGregor,
168,
150,000
150,000
150,000
Chaplin & Co
'"^v
R'chards & Co.__
McJunkin, Patton & Co.
Starkweather & Co
1,000,000
350,000
300.000
t.
—V.
to Finleyville for gas not delivered.
liability for prepaid gas will be assumed
which
into
stock
received by
be
&
250,000
Bodine
&
companv
Finleyville's
Philadelphia,
new
will
company
book
account
debit
excess
provides for the sale of the mortgaged premises
at a minimum price of $475,000, all cash, subject to brokerage com¬
missions, if any. If such sale does not take place, then the Court
will
retain
jurisdiction
for
the
purpose
of
consideration
of
any
alternate plan which may be prpposed.—V. 147, p. 3608.
plan
Inc
Townsend,
&
DeHaven
2.500,000
Co.,
Inc.
I
all
in
to consolidate in the company the ownership of
properties in the Philadelphia Co.' System" located
proposed
natural
assets
listing
booklet
fying the products
Corp.
&
$300,000
Co
Thomas &
Crouter
Moore, Leonard & Lynch
Singer, Deane & Srib-
V.
leases.
the
be
Florida East Coast Ry.—Earnings-
the
aggregate' principal amount of $11,450,000,
majdq{ prior* to 1934; and on accounts payable
on such botes, in the amount of $9,359,742.
At sad date the company was indebted to Philadelphia*Co. on demand
promissory notes in the"? aggregate
principal amount of $2,090,408,
on
accounts
payable not current, for interest and^ rentals, in the
emount of $19,223;928. and on current accounts payable, for Interest
amfrentais, in the amount of $1,610,052.- The natural gas properties of
Philadelphia Co., consisting of production, transmission, storage and
distribution properties, are operated by the company under lease.
All
the indebtedness of the company to Philadelphia Co. qrises out of said
cancel
illustrated,
and identi¬
The corporation has available upon request a new 48-page,
pocket-sized
rities
REORGANIZATION
OF
all
time
present
current,
that
Dresser Industries,
.563.000 shs.
750,000 shs.
principal underwriters
purchased bv each are
several
to
•-
-
representing adyah'ces
nor
amounts
Secu-
for each share
be made about Sept. 17.
Federal also will make
outstanding capital stock of the com¬
pany, consisting of 33,000 shares of capital stock
(par $1001 is owned
by Pittsburgh & West Virginia Gas Co.,
all the capital stock - of
wh'ch is owned by Philadelphia Co.
At Dec. 31, 1947, the company
was
indebted to
Pittsburgh & West Virginia. "Gas Co".'" on demand
the
At
promissory
1948
MAY 31,
U. S. Government securities, $93,122;receivable (less reserve of $462,127), $4,970,303;
inventories,
$ ',788,529;
miscellaneous. investments
and receivables,
$7,227; land, buildings and equipment (after reserves for depreciation
Pf
$3,153,626),
$4,909,798;
leasehold improvements,, $233,732; bond
t
potes
Webster
&
Stroud
Co.,
$14,000,000
.'i
par i
indenture.
PLAN
*
$1,267,788
income
the
of
names
principal
Bosttfn Corp._$5,250,000
Kiidder, Peabody & Co._ 2,500,000
Stone
common
PLAN
Outstanding
Authorized
3}/*%
197.3,
1,
<$20
by
673,600
$1,644,991.1, ,$911,633
—______
'
Net
EFFECT TO REORGANIZATION
-
bonds
mortgage
Common
..."
-
•Z'•:
.-
First
Philadelphia
of, .proceeds
for general
purposes.
11,184,835
' 53,743
.57,945
inc.
"____ 1—
taxes
Prov. for
13,848,743
18,684,971
60,461
for-- Federal
Prov.
respective
The First
be
will
bonds
new
CAPITALIZATION GIVING
ing and gen. exps.___
and- other chgs.
is
follows:
as
Inc., 101.153.
corporate
Interest
service
gas
350,000
$15,385,849*,$12,469,943
$20,138,715 $21,455,907
ICcst of goods sold;""sSIl-
(cities, boroughs and townships) in which
furnished by the company, and has an
on
the 1940 Federal Census of approxi¬
according to such census. 671,659 reside
communities
155
natural
250.
The
and
for commercial use
to
Glover
Detroit-Michigan Stove Co.—Earnings—
the company.
'
during 1947, appro-
to
company
12.6%
use,
area
UNDERWRITERS—The
returned the
the SEC for further consideration.
By its action, the Court kept the way open for preferred stock¬
holders to file a petition with the U. S. Supreme Court for a review of
its ru'ing on March 19.
This ruling set aside the decision of Judge
Paul C. Leahy in the District Court at Wilmington that preferred
stockholders were entitled only to par and accrued dividends.
Judge Leahy has overruled the Engineers plan to pay three classes
of preferred stockholders'
premiums of $5 and $10 a share.—V. 168,
Equitable Gas Co.—Bonds
'"Period End. June 30—
the
by
aggregate population based
mately 1.48G.000 of which,
in the City of Pittsburgh.
company's case to
p.
conveyed
and
gas
certain
small
communities in
Southwestern Pennsylvania
the company's transmission lines are also served.
The
of
operations covers approximately
1,800 square miles,
although
adjacent
Co.—Return of Case to SEC
of a mandate which would have
16 (he filing
of
for residential
industrial use.
for
includes
Circuit Court of Appeals at
S.
U.
Aug.
sales
MCF
was
territory served by the company embraces the City of Pittsburgh
surrounding municipalities chiefly within Allegheny County, Pa.,
and
Postponed—
until
transferred
be
the total
The
July 15, 1948 the System input of subsidiaries
amounted to 80,956,000 kwh., an increase of
19.3%, over the corresponding week of 1947.
Engineers Public Service
Executive
Rackmil,
Of
some
Brunswick Record Corp.,
the
corporation
this
13,123,000
complete line of phonograph
a
ended
week
the
For
—V.
of
will
properties
Subsidiary—
Inc.—Forms New
Decca Records,
Milton
natural
which
from
39.7%
of
the
imately 46.6%
Electric Power &
the New York Curb
capital stock was admitted to dealings on
Exchange on July 15.—V. 168, p. 149.
certain natural gas production, transmission, storage,
properties which it leases from Philadelphia Co. and
gas properties of Finleyville Oil and Gas
Co.
the company purchases gas.
Under the plan 'all these
distribution
operates
44.
p.
Ltd.—Admitted to Dealings—
Day Mines,
The
and
cash the Nathan Elson Co., Inc.,
Chicago, 111., manufacturers of Ben Bey cigars, which has a plant in
New Orleans. Its
cigars are sold mainly in the Chicago area. Prin¬
cipal brands of DWG are R. G. Dun, Elversc and San Felice.—V. 168,
corporation has acquired for
This
operates
pany
Corp.—Expansion—
DWG Cigar
Redemption
next, through the
called for redemption on Aug. 16,
have been
There
Monday, July 26, 1948
CHRONICLE
COMMERCIAL & FINANCIAL
THE
(344)
4
Turbine-Generator Production Records Set—
corporation's Schenectady, N", Y„. turbine plant during the
months of 1948 produced turbine generators with a com¬
capacity greater than that of all the units manufactured
the plant in 1947, a high production year, J. W. Belanger, Man--
The
MX
bined kilowatt
at
In
of the Turbine Divisions, has
the
half-year period
ending
t
announced.
June
30,
30
units
.
'o :.
.
representing
1,237,500 kilowatts were built and tested. Some of these tiniW' already
have been and others soon will be installed by utility companies in?.
>>
Volume 168
16
of
the
turbine
48
sets
out of
Number 4719
states
with
and
Mr.
mercial
turbine
or
sets
power
for
Based
would
its
record
cut
more
be
only
the
13c, respectively; petroleum shares, 18c against 14c and 8c;
shares, 10c against 7c and 6c and electrical equipment snares,
against
That
first
com¬
has
the
plant
by
regular
turbine-generator
to
the
in
of
1948.
kilowatts
turbine
generators
He.
total
a
capacity
He
in
that in July alone
400,000 kilowatts
will
The
anticipated
following
of
excess
end
production
of
will
of
turbine-generator units for
plants by
power
tabulation
by
Production
than
more
in
year
of
1,000,000
kilowatts
the
the Schenectady plant's history,"
lower-rated turbine-generator units
figure
the
at
which
for
any
company's
Lynn. (River Works), Mass., plant also is continuing at an accelerated
Units totaling 208,250 kilowatts were built and shipped during
first six months of 1948, he said.
Mr. Belanger also stated that production of a new line of mechanicaldrive turbines announced in May is progressing and that quantity ship¬
turbines
at
E.'s
G.
in
September.
and
units
Tnese
—Total for 1st 9 Mos.—
Total
Regular Extra
Total
.07
.05
.12
.23
.07
.02
.11
.25
.02
.27
.04
__
.04
.12
Building
.10
.10
.30
.10
Chemical
.07
and
other
• auxiliary
turbine-generator
Mass., plant.—V. 16&, p. 250.
small
mechanical-
sets
built
are
^
General
War
radio
Administration
has
approved
resale
of
.46
Serial
.26
Capital
.235
.035
.06
.12
.27
.11
.29-
equipment
plant at Newark, N. J., known as Titeflex, Inc., to
Corp., New York, N. Y., for $335,000, it was
July 20.
Disposal of the property was made for the account of the General
Instrument Ccrp., which had previously declined to accept title after
having been awarded the plant by the old War Assets Corporation.
the
Ralph
C.
announced
Coxhead
on
.26
—
Original cost of
WAA
the
Titeflex
appraisers estimated
its
plant
fair
facility consists of three
three-story main
building,
The
.39
.13
.34
.07
.03
.10
.25
.68
.33
.09
.23
the
to
government was
Bond
Railroad
Equipment
the
NOTE—By
ment
elected
electric
Manager of
the corporation's Allison Division,
Vice-President.—V.
a
168,
output
of
this
corporation
for
the
week
Week End. July 7
1948
1947
$52,25G
revenues
ry.
—V.
$1,287,118
39 Weeks Ended—
before
Federal
taxes
provision
818,261
income
dividend
1,654,995
$2,290,281
555,952
555,939
*$2.05
$4.12
requirements
preferred stock
tDoes not include figures of wholly-owned
subsidiary,
Cubana, S. A.
on
$1,194,136
555,939
$2.15
oustanding.
now
Palm Beach
Cia
*746,938
1943
1947
$360,042
$264,027
the
Mar. 31. '48
Anr. 30, '47
$31,923,351
$27,767,840
2,203,699
3,397,515
assets
Cash
1
Inventories
16.588,022
13,220,428
24,328,633
assets
20,859,194
Debentures
payable, currentpayable,
current
320,000
4.000,000
—
liabilities
7,463,162
4,068,444
Long-term debt
3,739,500
252.
p.
—V.
St., Chicago, III., will
until
receive bids for the sale to it of
cumulative preferred stock at an amount sufficient
21,
1943
of. $20,645,
estimated
Co.—Ruling
the
to
1948
of
Subject to approval of stockholders at a special meeting to be held
on
July 28, 1948, an amendment to the certificate of
incorporation
will be filed on July 30,
1948, pursuant to which each share of capital
stock,
of no par value,
will be changed and reclassified into
2V\
shares
July
of
30,
The
stock,
of
$10
par
value
by the distribution on
1 'A shares, of $10 par value, to holders of each
July 30, 1948 (scrip to be issued for fractional shares).
York Stock Exchange oh
July 16 directed that the capital
be
not
quoted
certificates
all
panied
of
record
New
stock
that
capital
1948,
share of
by
"ex"
said
delivered
due-bills.—V.
distribution
after
168.
July
until
30,
further
1948,
notice;
must
be
and
accom¬
251.
letter
a
remaining in
board
to
stockholders
in
Great Northern
been
From
Gross
Net
Jan.
retirement of
predicated
interests
Auer
Mr.
B
tender
said:
the
vately—B.
from
Net
ry.
Jan.
from
from
Net
$10,320,290 $16,405,164 $12,288,897 $18,876 327
*2,628,973
4,639,266
2,353,113
6,917 859
2,566,431
2,181,281
1,215,449
2,440,145
income—
oper.
From
Gross
railway
railway
what
on
earned
deemed
is
all
and
company
directors
by
classes
of
retirements
being
be
in, the
1—
69.993,854
70 053,064
6,727,043
13,484,869
5,274,779
railway
60,286,038
7,452,053
77 745 135
1,289,451
8'l49600
21 598 716
Auer
said.
Griesedieck
Western
Brewery
Co.,
Belleville,
111.—-
Plans to Split Up Stock and Offer New
Convertible Pre¬
ferred Issue—
special
holders
will
vertible
stock
meeting
vote
to
preferred
split
will
has
be
ratify the split
stock
to
be
been
held
in
proposed
the
and
also
underwritten
Edward
the
D.
Jones,
preferred
will
President,
be
used
to
stated
a
a
from
treasury
directors
when
of
group
proceeds
the
the
issuance of
by
that
reimburse
by
future
near
houses.
i
in
stock¬
new
demand
outputJ1
the
part
sale
for
of
ex¬
for
the
company's
product
continues
to
exceed
its
,
Amount
of
the
privilege, have
new
not
yet
issue,
well
dividend rate and
been determined.—V. 166, p. 1579.
as
as
conversion
the
a
meeting
of
directors
on
July
13.
third
various
quarter
dividends
on
classes of shares of the
Group were declared payable
31...1948, to shareholders of record Aug.
13, lg,4B.
Qn several
of
shares,
the
total
dividends
declared,
including regular
and, extra, were greater than the
payments voted for the second
quarter ^f, this year and the third quarter of 1947.
these
15c
third
rn r;
>.
Ouarter
'.^uartef'
trustee
is
a
the
Net
V.
the
J.
P.
Morgan
&
Co.
life
average
an
of
Incorporated.
are
low-priced
against
of
last
10c
wot'
of last yeaij
for
shares
the
'inwocHnn
~,ycrm iU>2
on.
which
preceding
Investing
' total
quarter
company
cVioVqo
dividends
and
to.
12c
r,
/vi
for
I
vi
c^*
shades, 19p against
(& Subs.)—Earnings—
194a
income
lo,123
of
dollars)."—V.
oper.
$27,037
165,719
166,719
$0.02
$0.13
snare
its
customer
notes
receivable
168,
p.
.income
$1,211,911
charges
Net
1948—Montn—1947
revenues
oper.
expenses
81,602,312
73,953,230
5,126,365
is
25,920,011
13,697,412
12,626,658
329.977
1,639,658
1,540,874
2,981,102
2,203,812
10,582,941
11,067,181
128,513
130,733
618,163
633 629
10,929
14,452
41,613
43 456
2,320,093
11,159,491
11,657,354
income..
oper.
(Or)
avail,
for
fixed
charges
charges
Ib7,
1947
$4,982,335
185,315
98,876
849,213
899,517
4,303,286
4.524,006
1,420,576
6,856,205
7,133,343
2467.
p.
of
for authority to call
for redemption, on 30
days'
outstanding 345,049 shares of 5% cumulative
its
Inc.,
Greenville,
was
in
made
S.
our
C.—De¬
issue
of
July 19 of the offering of $300,000 serial 5 ¥2% sinking
(with certain conversion rights)
at 100 and interest by Frank S. Smith & Co., Inc., Colum¬
bia, S. C. Further details follow:
fund coupon debentures
1948. Maturing $50,000 annually June 1, 1949, through
redeemed
debentures
will
be
in
part
only
redeemed.
the
South
Charleston, Greenville, Branch, will act
as
principal if redeemed
shall decide by lot
trustee
Carolina
National
Bank
of
trustee.
PURPOSE—The net proceeds will be used to fund present bank in¬
debtedness of $200,000 and to furnish additional
working capital.
HISTORY
AND BUSINESS—Business established 75 years ago, when
Iron
Woiks, forerunner of the present concern; - was
by R.., M. McDonald,
In 1905 the foundry passed into the
hands of S. W.
Reames, who operated it under the name of Mountain
Greenville
established
notice,
convertible
sjS0Cu'
share
preferred
Holders
par'
is
at
caB
convertible
pi'ice
into
two
of
$52.50
shares
of
per
common
of
all
pre-
share.
Each
stock.
approximately 105,000 shares of 5% preferred stcck con¬
holdings into common stock in the period fron'
Julv 2
through July 13.
y *
verted
their
Preiei red
stockholders
by
July
13
will
ot
stock
on
Aug.
receive
1.—V.
ol
record
July
the
quarterly
168, p. 152.
who
1
converted
dividend
payable
into
common
each
on
class
Illinois Terminal
RR.—Earnings—
Period End. June 30—
Ry.
oper.
Ry.
tax
Net
rents
1948—6 Mos.—1947
$1,089,302
$893,053
774,067
99,924
628,659
118,067
29,887
27,994
$185,424
$118,333
expenses
accruals
payable
ry.
Other
1948—Month—1947
revenues—_
oper.
inc
oper.
income
2,326
46,692
$117,006
3,690
45,835
$139,125
71.06
$54,267
$5,638,816
$807,430
Drl,326
$187,750
1,933
$6,297,845
4,403,819
814,562
171,563
$907,901
9,160
$46,605
3 863 877
777,229
190,280
7,600
.
Total income
Misc.
deductions
Fixed
charges
income
ratio
depreciation
©
#
$917,061
$815,030
9,134
277,712
276,444
$67,481
$630,216
$528,332
70.39
69.93
10,253
68.52
—V.
168,
$315,616 '
tain
.(England)—Rights
company is offering new ordinary stock
about $80,000,000 to finance its expansion
The
£1
new
to
company
is offering 10,093,023
new
to
stockholders
to stockholders at 40s. 6d. a share, in
for each five shares held. Arrangements
share
underwrite
the
to
ob¬
program.
v
shares of ordinary
value
par
$287,481
46.
p.
Imperial Chemical Industries, Inc.
Works,
Offered—Mention
If
f
•
The
Dated June 1,
'
Illinois Power Co.—Plans
Preferred Retirement— '
™Tpany^a subsidiary of The North American Co., has asked
the SEC
1044.
Machine
bentures
25,234,713
2,240,473
income
♦Incl.
1948
$4,861,054
Hunt
'
g
219,374
Income
Net
sales
p.
99 187 943
15,098,033
2,592,576
ueuuctions
—V.
{J)
107,522,923
6,448,985
3,248,509
Dr)
income
Net
1948—5 Mos.—1947
$ t
20,224,393
22,147,270
15,698,285
ry. oper.
lvu&ceil.
Fixed
*471,541
3,098,6&3
(net
ry.
Other
$394,463
RR.—Earnings—
oper.
rents
$5,313,788
3,919,837
46.
p.
(& Subs.)—Earnings—
profit
167,
1948—5 Mos.—1947
*$356,522
*545,121
*01,245
168,
Net rev. from
152.
Quarter Ended April 30—
Net
Co.—Earnings—
1948—Month—1947
$17,313,316 $13,450,926 $85,536,550 $65,470,994
40,915
24,496
193,518
142,111
rcv._
Oper.
Hoving Corp.
the
17,400
$9,123
common
oper.
Net
approximately
$160,000,000, which compares with $146,322,353 at the start of 1948
(Canadian receivables are valued at the open market rate for Can¬
which
44,437.
taxes
outstanding
Railway tax accruals—
Equip, and joint facil.
1971.
amount
M 1
1947.
$1,418,178
6,000
revenues
after
♦Ry.
Stating that the demand for instalment cash loans had been strong
the first Six months of the year, Mr. Henderson said:
"The
has today approximately 890,000 customers on its books.
total
1947
$32,522
468.
p.
$
on
debentures
the company sold to the public through underwriters
sinking fund debentures due 1970.
In Dec., 1946,
told to the Equitable $25,000,000 of 2%%
sinking fund
due
18,000
2361.
p.
Railway
Railway
corporation
—V.
24,000
Co.
1948
166,
Period End. May 31—
sinking fund which will
July 1 of each of the
mandatory
debentures
gives
2%%
thereafter.
Aug.
Amohgt
of
1, 1954, inclusive.
Redeemable at sny time upon 60 days' prior
notice at par and interest, plus 2% of the principal if redeemed within
two years from date of issue, and 3%
of the
classes
the
have
This
June
Group Securities, Inc.—Third Quarter Dividends—
At
Pri¬
1945,
company
per
Uncollectible
con¬
investment
penditures on the expansion program to date and also to
provide funds
for construction and acquisition of additional
facilities "in view of the
fact,
The
debentures
Net
three-for-one
a
1959.
and
July,
adian
»
A
Placed
Corp.—Debentures
Henderson,
$7,500,000
par
years.
The
24,000
Fuiman
30,uo0
during
railway
Net ry. oper. income—
4,844,535
♦Deficit.—V. 167, p. 2466.
and
E.
$30,000
and
best
Mr.
to
stock,"
,
Finance
debentures
new
at
1954
the
Alester G.
Illinois Bell Telephone
have
"Dividend
than
the
fol.ows;
l
3u,000
Illinois Central
President, on July 16 an¬
nounced that this company had sold $25,000,000 3% sink¬
ing fund debentures due 1964 to The Equitable Life As¬
surance Society of the United States and New York Life
Insurance Co.
(one-half to each) at 100 plus accrued
interest from July 1, 1948.
The proceeds were used to
prepay a like amount of short term bank loans.
$15,000,000
from
Mills
36,000
Period End. May 31—
shares,
B
of
directors
"The
stock, the time and amount of such
always
of
the
to
more
and
as
Bcuds
V. M. Maun.ng
June 24,
on
168, p. 46.
In
1—
T.
Taos. L. Lewis Stocko
48'000
taxes
shares
167,
Net
and Redemption Fund" which
during the past nine months."
Including the latest acquisition, this corporation to date will have
purchased for retirement a total of approximately 77,300 shares ol 'B
at a cost of approximately $708,000, reducing the outstanding amount
of this issue to approximately 307,000 shares.
"It will continue to be a policy of the management to recommend
llVia
underwriters
profit
Operating
the expenditure of the additional amount
general funds of the corporation, has done s<> in
accruals
has
retire
Ry.—Earnings—
H.
Pate,
authorizing
amount
The
&
Federal
income
Net
1947
the company of all of these tendered shares.
required approximately $97,000 more than the balance
the "Redemption and Dividend Fund" for the B stock.
anticipation
years
p.
several
$1,533,324
before
$1,329,000
authorized the purchase by
purchase
called into
so
Operating revenues— $17,272,401 $13,426,430 $85,387,032
$65,328,883
Operating
expenses
14,052,340
12,851,353
70,249,162
58,919,520
Operating taxes
2,008,150
931,599
9,b'24,082
6,014,895
$9,747,000
invitation for
class of stock
this
for eaca
$122,118
♦Deficit.—V.
corporation's
shares
Amount
Co., Inc. $60,000
154;
share
1948, there
were tendered for sale to the company a total of approximately 22.5C0
shares,
according to Joseph L. Auer, President.,,- The shares
were
tendered at a specified price of $9.12y2 net per share,.
»
Household
Split-Up—
on
the
sales
^
Grand Union
75
a..u
251.
p.
Common
taxes.
to holders
the
with
escrow
debentures to be purchased
by each, are
Hydraulic Press Mfg. Co.
Adams
West
105
*$1,338,000
response
—V.
of
names
Quaiter Ended March 31—
Net
22,500 Class B Shares Tendered by Holders— '
The
in
Corp.—Earnings—
167,
—V.
sum
communicated
In
of
Smith
p.
Earnings
$12,379,000
This
placed
rights in the debentures.
loss
Profit
profit
In
being
Quarter Ended March 31—
2 703,260
251.
Sept.
Outstanding
$300,000
*$1,144,130
foregoing basis.
~
167,
Net
26,426,644
7,733,011
3,107,434
April 30—
required, out of the
COMPARATIVE STATEMENT OF SELECTED BALANCE SHEET ITEMS
167,
29,896,454
3,029,548
Hoe & Co., Inc.—Sales and Earnings-
♦After
1,426,505
$1,274,987
shares outstanding
Earnings per share
Current
511,683
*164,898
Nine Months Ended June 30—
Apr. 30, '47 t Apr. 30,'46
$31,809,680 $28,134,469 $21,508,043
2,093,243
3,716,786
2,849,131
taxes
Capital
—V.
1,176,019
at prices not to exceed $104 per
and accrued dividends.—V. 167, p. 1922.
Mar. 31, '48
Sales
the
on
Smith &
Hupp
$4,802,142
2,106,501
Bales
Goodall-Sanford, Inc. (& Subs.)—Earnings—
Notes
$6 688,108
7,913,981
its 5'/2 %
of
exhaust
Net
Current
—V.
1946
1947
805,380
at
,
g
RR.)
32,242,352
on
"1
$300,000
conversion
F. Coiey & Co
H. Crawford & Co
McCarlov & Co
(Walter E.) Heller & Co.—Tenders Sought—
(ft.)
2798.
p.
n,?'
W.
166, p. 468.
to
shares
the
G.
(est.)
company,
o'clock noon
/
FINANCING
$2,000,0u0
Corp. of America—Earnings—
prof.t
shares
of
to
necessary
space.
RIGHTS—At
amounts
bcueral
Hat
was
denomination of $1,000.
Prior to Dec. 1, 1930, the
debentures called for redemption sha.. be entitled within
stock
McAlister,
accu¬
1,935,427
p.
it
floor
PRESENT
Amount
invest¬
net
from
debs.
coupon
of
volume
approximately
the
in
Frank S.
$6,705,553
168,
The
$1,354,430
$46,175
♦Deficit.—V.
12
1947
from
distribution
sales
01
days of the date of such call to convert the
debentures
several
.11
RR.—Earnings—
income
oper.
and
TO
—
UNDERWRITERS—The
profits.—V. 168, p. 46.
Alton
equipment
EFFECT
1—
6 Months Ended
1948
dividends
meant
railway
railway
Net
Jan. 1 to July 7
Pennsylvania Forge Corp. below.—V. 165,
Total
net
increased volume,
plant
common
care
.18
—
.005
$10).
(par
expanding.
sun
debenture in the denomination of
$5li0
common
150.
p.
♦After
.105
represent
income
Jan.
Net
Girdler Corp.—Acquisition by Affiliate—
Net
is
dividends
from
from
ended
Georgia & Florida RR.—Operating Revenues—
Period—
Federal
.24
railway
railway
oper.
From
company on July
19 announced acquisition of a controlling
in Marquardv Aircraft'Co., which is called "the nation's fore¬
ramjet engine builder."—V. 167, p. 1807.
Profit
.02
.18
.05
from
from
ry.
Net
The
See
" .22
.06
1948
Net
251.
p.
Interest
168,
.10
__
—
(Includes
Net
General Tire & Rubber Co.—Acquisition—
Operating
.02
May—
July 18,
1948 amounted to 141,419,688 kwh., an increase of 10,324,779 kwh.,
or 7.9%
over the
corresponding week of last year.—V. 168, p. 251.
—V.
.17
.19
dividend"
"Extra"
mulated, undistributed
Gross
most
"regular
income.
facility will be used for the manufacture of
General Public Utilities Corp.—Weekly Output—
The
—
,02
.06
167, p. 941.
Newill, General
been
.17
.17
.08
Gross
has
.06
.05
$2,000,000
any time alter Dec. 1, 1950, the deben¬
tures, if not sooner called for redemption are
convert.b.e, at option of
holder, into common stock on the basis of
37'/2 shares ox common stocic
60
$542,710.
General Motors Corp.—New Vice-President—
E. 'B.
.04
.08
Tobacco
the
oi
$10>
22,500
take
debenture
.10
.01
Gulf Mobile & Ohio
purchaser said
.015
.085
to
(par
holders of any
.42
.02
Utilities
space.
vari-type machines.—V.
.145
.275
.18
.06
Steel
of
acres
.03
care
sinking fund
stock
for each
.23
—
.06
Railroad Stock
value
at $375,000.
land, leasehold improvements,
a
and
three
The
one-story buildings.
buyer was authorized to sub-lease a portion of the 120,930 square feet
The
of floor
.05
Railroad
is
ana
to* the
CONVERSION
.34
.065
5l/2%
trustee
.21
.115
years,
take
to
♦Includes
.33
.19
Petroleum
nve
.29
__
.26
.09
.32
.15
__
of
Author.zed
.05
.09
capital
.24
.05
.08
—
u.ucr
.03
.14
Merchandising
surplus
a
in
substantially
.41
.02
—
authorized
an
CAPITALISATION GIVING
.07
Mining
Assets
$2,bOu,uou
.26
.12
.11
Priced—
having
Company s business has expanded from an annual
than* $100,000 to a present annual sales volume
.21
—
foundry
job
and
shop
less
xii
Investing Company
General Instrument Corp.—Sells Titeflex Plant—
The
Inc.,
.20
.045
.09
machine
a
cnanged the corporate name to Mountain City Foundry & Machine
On Sept. 14, 1945 Hunt Loom Co. was
incorporated lor the purpose
handling the expanding volume of loom busineos.
Suose^uently,!
Mountain City Foundry & Machine Co. and Hunt Loom Co.
entered
into a consolidation agreement
whereby tnere was created as 01 Aug.'
31, 1947 a new corporation under the name ol Hunt Machine Works,
.30
—
.10
Bond—
as
of
.10
—
Works
wnich t.nic Jonn O. Hunt bought an interest from Mr.
short time later acquired all the stock ox tne corporation
a
and
add
Low
Fitchburg,
at
.12
—
.075
—
Machinery
Institutional
.05
.10
Bond——
Industrial
.03
.15
Equipment-;.:—
Fully Administered
1942,
Co.
.30
.09
Electrical
begin
made
classifica¬
oy
Agricultural
Food
will
declared
Automobile
pace.
drive
Quarter—
Regular Extra
the
ments
dividends
Aviation
1948," he said, "is expected to reach 2,800,000 kilowatts,
exceed
previous
shows
the
Foundry & Machine
until
tions:
completed.
"Our
13 represented
the
—For Third
with
of July
as
dividends
since
City
Reames and
in the history of the Fund, amounting , to $1,136,164.
declared by the directors bring the payments
inception of Group Securities to over $27,000,060.
The
predicted the plant
of
and
uiviaends on ail masses of tne Fund (winch is equivalent
Income to the stockholders of Group Securities) was the
net
largest
1,500,000
13c
portion of the total amount declared
the
1003
in
record
CHRONICLE
and
10c
steel
since
times
six
company
production
half-year performance, he
than
during the last six months
turbines
that
by
1947
companies.
this
on
turn
COMMERCIAL & FINANCIAL
20c
out
buiit
was
bettered
Thirty-four
shipped
were
year.
Belanger pointed
equaled
one
foreign country, France.
capacity of 1,173,750 kilowatts
total
a
Schenectady last
THE
the
have
stock of
ratio
been
of
one
made
issue.
Both
preferred and ordinary stock¬
to apply for any unsold balance after rights
of
present holders of ordinary stock have been satisfied.
Although no
subscriptions
will
be
accepted
from
the holders of
American depositary receipts representing the ordinary shares of the
corporation, July 28, 1948 has been established as the record date
holders
for
have
holders
the
of
whole
right
American
depositary
The
Guaranty Trust Co. of New
subscription rights accruing on the
receipts.
York
will
endeavor
to
sell
the
ordinary shares represented by
receipts and will distribute the net proceeds of
any such sale to holders of the American depositary receipts of record
American
on
that
depositary
date.
The New York Curb Exchange will quote the American depositary
receipts representing the ordinary shares of ImpofiatfoCnemical In¬
dustries. Ltd. "ex" this subscription offering on Julv 28. 1948.
,
The
but
new
will
ordinary stock will rank equally with
not
be
entitled
to interim
dividends
preserif'raSmary sfcqqk
year: it'will be En¬
this
titled, however, to the final dividend for 1948.—V.
■•■('■s.
"cihw
•
--1
163,/$v£&)&-
»*•*
6
Operating
revenue
342
244
Operating revenues.,
Operating
expenses
$341,231
258,696
$243,226
191,941
Uncollect,
opcr.
1
of
lease
lor
Rent
50
26.104
250
183,695
Net
—V.
$25,131
$1(?1,888
$134,886
28,125
10,450
90.043
62,608
charges
will
will
ceeds
assumed
V. 167,
and
the
2257;
$6,000,000 of bank notes borrowed for
borrowed by. Indiana Service Corp. and
under a merger, and for treasury funds.—
prepay
company
and
two-for-one
'
A
251;':Av;:4
168, .p,
will
this action
authorize
to
Kaiser
each
than two cars per dealer.
as
of
Ry
expenses. —
Net
Pa.vm'ts
sale
-
$
1,995,000
3,750,000
1948—6 Mos.—1947
$2,853,481 $19,747,629 $17,033,705
1948—MontH—1947
—
1,755,620! "10,655,434
$2,918,052
$3,521,882
$5,825,929
$1.93
370,651
recent
The
.
an
$2,32
•
$3.84
729,964
i
I
Common
of its
freight
policy,
the largest
Painesville
per
foreign
companies,
if taxes.—V.' 167,
*
—
,
income
1,004,130
$4.82
and ".dividends
investments
from
after provision
and
The
stockholders
of
Button-Hole
Machine
for
estimated
-•
this
,
Corp.
Co.—name
1946)
f
on
•
of piife share of 5%'* cumulative
share of common stock, par $1,
new
company would be issued in exchange for each Internashare,
and
present Reese stockholders would receive in
ex-
of, the
tional
4
change
stock
common
basis.—V,
156,
of
said.—V.
new
share
a
on
company
1948
May—
from
Net
l.Net
1
for
from
Net
1945
$2,624,695
816,553
*9,487
3,163
*38,906
314,898
10.817,987
1,605,470
11,763,135
1,607,805
1,452,047
50 790
railway
»Deficit.—V.
114,856
61,431
167,
1,524,813
1948
sales
Federal
before
income
taxes
"
Net
income
4,245,699
""On
May
1943,
basis
the
$7.53
three-for-one split on
$2.01 in 1948 and
giving effect to the
earnings oer share would
adjusted
an
13,
be
| $2.51 in 1947.—V. 1C7, p. 2257.
International
iy.
v,
I?
from
$1,008,831
opers.
140,564
98 986
Net
rev.
avail, for fxd.
"Net
ry.
chgs.
f68, p. 46.
—V.
1,602,819
1 168,657
975,666
176,959
141,991
67,720
income
$7,066,133
$1,002,485
225,997
$6,903,264 '
2,533,846
1,901,161
1,690,690
Corp., New York—Files With
| SEC—
14
July
on
shares
300 000
of
filed
a
letter
stock
common
notification
of
10c),
(par
to
with
be
the
,
offered
Underwriter, Henry P. Rosenfeld Co., New York.
S| at $1 per share.
Corp.—Develops
New
Two
'
Refractories—
-The
corporation
Research
B
temperatures
w
adaptability
V.
167. p.
for
announced
development
the
by
its
newi castable
refractories for service"
degrees F.
They are *3X Firecrete and
to
N. J.
Kent,
Manager of
Refractory
refractories offers
in furnace
construction costs
because of their
application by casting, gunning and troweling.—
the v use
substantial
savings
•
15
two
According
Products,
i
of
to- 3,000
up
Blazecrete.
3X
July
on
Laboratory
v?
these
of
fast
air-hardening
1923.
sales
after
charges
Appropriation
B Reserve for
to
loss
and
reserve
from
income taxes—
for additional deprec.
deval.
foreign
is- reported
eludes
results
Inc..
V.
and
of
its
$2,406,000
1,820,442
905,455
$1.82
outstanding.
to
Plant—
operations
of
subsidiaries
properties
from
Jan.
the former" Hughes
if, 1947, the date Of
of
165, p. 2547.
Iv.-v.'...-..-i-
Co.,
stockholders, and does
being of¬
the offer¬
include Ames, Emerich & Co., Inc., Chicago; Buck¬
of the holdings of present
ing
ley Securities Corp.,
Minton &
Philadelphia, and Sills,
York.
New
EFFECT
GIVING
PRESENT OFFERING
TO
was established some 29 years ago and is engaged in
development, manufacture ahd distribution of special tools
to maintain
and service automobiles and trucks in
company
recommended
factory
with
procedures.
Kent-Moore
with the automotive corporation engineers, designing
equipment in advance of production lhanufacture
car companies.
The purpose of this is to have the proper
operates
and
tools
and
start
to
in
equipment
make
new
dealer
hands by
It also
shipments.
car
co¬
special
by the
special
the "time the manufacturers
manufactures many pieces
such as headlight testers, front-end machines
and wheel balancers, and also acts as national distributing • agency for
a
number of other .selected items of equipment which are required to
supplement the dealers' operations.
Its No. 1 customer is the General Motors Corp., including Overseas
special
and
equipment
Canada-;
while
Truck
national
Packard,
Nash,
listed
are
among
its
Hudson,
Studebaker
and
Inter¬
($10
carries on its operations in two plants, both located in
Jackson, Mich.
Its research building, used for experimental work, is
located
on
the outskirts of
the City of Jackson.
Its general and
Company
Building, Detroit. >
the: company, reported a
equal to 86 cents per share on the 320,000 shares
outstanding. This compares favorably With the 1947 full year earnings
of $340,028 or $1.06 per share.—V. 168, p. 152.
the
offices
are
in
five months
General
the
elided
May
Motors
31,
1948,
April
the
1948,
30.
proceeds to be received by the company.
stock are intended
PURPOSE—-The aggregate net
the
from
sale
added
be
to
general
fifst
had its beginnings in a per¬
conducted by the founder of the company, S. S. Kresge,
having been opened by Mr. Kresge in Detroit. Mich.,
BUSINESS—Company
March
On
organized as a Michigau
the company Was
1916,
9',
corporation.
March 31,
of
As
subsid ary
S.
limited
termed
generally
is
a
in 26 states, the District
Canada,
for cash
and generally
of
what
service,
QUARTER
THE
ENDED
MARCH
31,
1948
£4 166,570
before
Profit
Federal
Net
Federal
income
profit
„ii
income
taxes
taxes
L—
;;L10.000
_
$2,956,570
ii.
-
Capital shares outstandingEarnings per share
.
2,000.900
$1.43
owned Canadian
chain of 696 popular
of Columbia and
without delivery
price variety merchandise,
operated
Ltd.,
Co.,
selling
stoies
Dom nion
the
Kresge
S.
retail
the company and its wholly
1948.
apparel, boys'
lingerie,
china,
novelties, gifts and souvenirs, goldfish and pet supplies, sheet music
and records, electrical appliances, plants, greeting cards, candy, hard¬
ware and k'tchcnware, not'oils, ha!r goods, decorat've flowers, jewelry,
optical goods, r bbons, millinery, neckwear, purses ahd belts, household
specialties, pictures and fraiyms. hosiery, toys and games, needlework,
handkerchiefs, dry goods, sanitary goods, stationery, gift wrappings,'
party goods, infants' and children's wear, toilet articles, book?,', and
such
including
diverse
widely
items
as
ready-to-wear
furnishings, luggage, footwear, gloves and mittens,
foundation
ahd
sleeping
garments,
glassware,
dinnerware.
and
men's
fountain
soda
and
foods.
delicatessen
in
the stores of the companv and its
conducted by others pursuant to concessions.
Of consol dated sales of $270 585,779 for the year 1947, approximately
$6,000,000
resulted
from
sales pursuant to such
concessions.
minor
Certain
Canadian
operations
subs'diary
are
UNDERWRITING—The
shares
of
the
stock
of
names
which
and
company
the
of
the
severally
each
and
underwriters
has
stockholder
selling
the
as
number
to purchase
follows:
agreed
are
from
No. of Shs. Purchased from
Comoany
Brothers
4,241
Lerchen
4,241
Co
&
Parker
&
Redpath
316
Paul
H.
Davis
Bretseher
Dominick
&
Doolittie
&
1.534
166
Inc
Co.,
834
316
&
Co
&
Stockholder
21,237
21,236
1.584
316
Company
1,534
166
Inc
Dominick
834
316
Noonan
1,534
166
834
Michigan
Corp
Forgan & Co
Goldman, Sachs & Co
Goodbody & Co
483
999
2.417
5 001
5 001
433
2.417
Graham.
316
Co
of
Parsons
&
Marache
Granbery,
Hallgarten
&
Hafriman
999
Co
&
Ripley
Co..
&
Stone &
HlFard
te
Inc.
Edward
483
;
483
2 417
316
'1.584
Co
&
Corp
Rhoades & Co
Manley & Co._.:
483
166
2.417
2.417
834
316
1,584
McCormiek
Lee
Higginson
Co.—-
&
M. Loc-b,
A.
Marshall
Maxwell.
McDonald-Moore
<*4,Co.-
&
Reinholdt
C.
Shields
M.
&
&
5,001
166
1 534
1.534
316
-
Co
2.4i7 %
483
2,417
1,584
316
Co.:
1.534
483"
316
&
Company
&
834
316
Co
Hopwood,
Gardner
Roney
Sifncn
1,584
999
Curtis,
&
Co
&
834
316
316
Parcells
A.
Jaffrav &
Piper,
Putnam
1.534
166
Lynch
&
Webber, Jackson
Charles
i
Oo.__
&
Leonard
Moore,
I.
1584
316
Jones
Carl
Win.
2.417
Son
316
483
Kebbon,
M.
5 001
Weeks...
&
D.
2.417
999
—
Co
B.
J.
Hornb'ower
L534
'
483
Hayden.
J.
1.584
316
Co
Co
1.534
5,00!
S'nger, Deene & Scribner
Smith, Barnev & Co
999
Stein
316
2.417
483
2,417
483
1
1.534
433
2 417
Bros.
Strauss
&
Tucker,
Anthony
Weeks
Witter
168,
p.
Kroner
;Period
&
,1
Co.——
&
&
Co
Weld. & Co
Whiting,
—V.
Boyce
Blosser
Tragi:
Snencer
White,
&
&
5
999
—
;
Co.—Current
End. July 10—
—
company
2,452
Sales Increased 7.1%—
1948—4 Wks.—1947
61,439,873
$
57,349,051 436,209,998 401,366,837
during the four weeks ended July 10. 1948 h^d in op¬
as
against 2,569 stores in the corresponding
167, p. 2789.-
Ltd.—Mill Operations—
Three Months Ended June
30—
Dry ore treated by mill (tons)
"
—
including premium———
167, p. 1810.
recovery,
'
1948—28 Wks.—1947
$
$
stores,
Lake Sfcbre Mines
—v.
5 0G1
251..
Sales
Total
1.584
999
Co
s
The
5,001
316
Stubbs
period last year.—V.
Land Co.—Earnings-
and to be available
purposes.
corporate
store
1899.
the
AND
business
sonal
in
27,955 shares of eotmhon
general funds of the company
the
of
to
HISTORY
eration
FOR
5,517,872 shs..
10,000,000 shs.
1
pari
only debt of the company and its sub¬
sidiaries consisted of obl'gations secured by 7 first mortgages in the
aggregate amount of $1,241,891, of
which $825,334 represented in¬
debtedness. of the company and $416,557 represented indebtedness of
S. S. Kresge Co., Ltd., a
wholly rwned Canadian subsidiary.
of
Dean
customers.
Outstanding
Authorized
stock
Common
Paine,
equipment
Registrar—City
New York.
National Bank,
Agent—Chase
Farmers
Auchincloss,
negotiating for the
be
$2.56
_
share.
Bank
Watling.
Organization,
Kern County
100,000
$3,433,000
mon
the company.
net profit of $276,963
1948
*1947
$42,926,293 $33,882,653
3,758,000
2,406,000
225,000
currency
income
ass
Corp. This
courts and
appealed to the
EARNINGS
Net
a
represent new financing. The shares are
fered at $7.50 a share and other firms making
For
(& Subs.)—Earnings-
Quarter Ended March 31—
Net,
Piofit
Stock Offered—An un¬
Lehman Brothers and Watling', Lerchen & Co. publicly offered on July 21 167,955
shares of common stock (par $10) at $35.25 a share.
Of the shares offered, 140,000 shares are being pur¬
chased by the underwriters from the estate of the late
Anna E. Kresge, and the balance, 27,955 shares, is treas¬
ury
stock being purchased by the underwriters from
Kresge Co.—Common
(S. S.)
Giore,
executive
Johnson & Johnson
;
on
2257.
design,
$0.22
$0.51
derwriting group headed by
Dixon
motor
Castable
500,000
1172.
P.
Detroit,. Mich, and one
Moftroe, Mich.—V. 167,
of
I
—-
a^d
tools
Johns-Manville
153.
S103.236,
500,000
$257,103
profit
McCarty
accordance
company
Net
Capita]
shares
outstanding
Earnings per share
Campbell,
the
Not
Stated
50,000j
»'
Burnham
and
for
common
of
The
The
Airplane
unsecured
Co., Inc., Chicago.
^
International Television
SEC
plan
for the issuance of new
par
company
1947
1948
$307,106)
taxes
income
taxes.,—,i—
purchase of a
located at McKeesport,
not
1948—6 Mos.—1947
1948—Month—1947
income
Lehman
is part
Central America—Earnings—
of
revenues-
Railway oper.
Inc.
„
Rys.
Period End. June 30—
Federal
before
Federal
priced
Kent-Moore
4,245,699
share
common
per
The
investment banking firm of
34,871,000
:
$1
^
Quarter Ended March 31—
Frof.t
First
$6.04
outstanding
reorganization with the U. S.
calls for the sale of the
of
plan
a
Philadelphia,
2031.
p.
28,519,000
shares
♦Earnings
;1
taxes
profit
Common
of
Historical Review—
Machine,
jys been
anniversary.—V. 167, p. a-.cU.
its 75th
commemorating
Inc.—Stock Offered—The
George A. McDowell & Co.,
Detroit, Buhl Building, is the principal underwriter of
56,000 shares of common stock offered to the public July
21. Following the approval, by the stockholders of a
lour for one split of the company's common stock, in¬
creasing the outstanding shares to 320,000 shares, the
stock is being offered publicly for the first time and
$
433,889,000 342,211,000
41,041,000
52,811,000
12,522,000
17,940,000
•
filed
have
at
the Jones & Laughlin Steel Corp.
Pa., near Pittsburgh.
Kelsey-Hayes has five, plants,.viz.:
Two in
each
in Jackson, Mich., Davenport, la., and'
1947
J
Profit
Reorganization
Kelsey-Hayes Wheel Co.—Seeks to Buy
Co.—Earnings—
6 Months Ended April 30—
Federal
File
Corp.—Trustees
provlsiofi is made for the $500,000 claim of Coldaire
was disallowed
by both the bankruptcy and district
plant
Harvester
tne
Kirby Petroleum Co.—Earnings
for
lull.
company
The
2463.
p.
International
Net
claim
p.
Ngt rv. oper. income
28h
p..
creditors, plus funds, to be -received from the sale of additional stock
to present shareholders would provide the company With''net current
assets of abbut $600,000.
j*
p. 4
12,357.731
3,571,581
1—
railway
from
164,
Inc.,
Co.,
circuit court.
If the company's claim is
upheld, the reorganized company plans to satisfy it by giving Coldaire
a
five-year 4% general mortgage on all assets.
Robert
P.
Ingersoll,
representing the Kellett management, asked
the court to extend from July 16 to Aug. 13 final date for filing
reorgahizatidn plans.
He said the president and directors' of Kellett
are
currently engaged in negotations with "responsible parties" on a
plah which would meet creditors' claims in full, protect the interests
of Coldaire and provide for termination
of the trusteeship.—V. 167,
share
13,380,807
income—
oper.
rv.
From Jan.
Gross
290,391
railway
1946
$2,360,125
294,367
1947
$2,347,643
281 328
$2,593,155
railway
from
.—.Gtoss
Wise.—Acqui¬
helicopter division
to the Fairchild
Engine &
and use of the proceeds to pay off
in
of tne
46.
p.
CAPITALIZATION
Walker-Turner
also provides
the
2224.
p.
$3,333,042
$185,000
for
No
.
International Great Northern RR.—Earnings—
t.
vtf
;
one
the
$4,760,303
(no par) common to present
share-for-share basis, with the right
to subscribe for additional common on basis of one-half share for each
share held at a price of $1 a share.
Effingham B. Morris and Paul R. Skilling, trustees, say the re¬
organized company would concentrate on the production of refrigera¬
tion equipment.
j
(
>
The trustees say that money remaining after satisfying unsecured
the) surviving
o^fi-fifth
and
$519,641
Aircraft
company's
It
(formerly
May,
of Reece
changed in
and
company
plan,
$100,
$856,774
Court
_
Division
illustrated book, entitled "Four Men and a
salient facts of the corporation's career, has
42-page
the
creditors
Sewing' Machine Co.—Pro¬
a
Under the merger
preferred4 stock, paf>
;
.
approved
22
43,539
trustees
Corp.
received from
Federal income
consolidation of the two companies,
corporation, to- be known as Reece Corp.
July
926,233
28,378
The
posed Merger—
Reece'
750,514
8,138
of
168,
wholly owned
a
Kimberly-Clark Corp.—Issues
A
As
sale
holders
Button-Hole
137,082
District
p. 2579.
International
114,022
Cr2,294
(net
& Trecker Corp., Milwaukee,
Turner
Mr.
1948
$4,878,602
outstanding
common
share
•Including
$4,302,365
Plan—
MARCH'31,
ENDED
shares
B Earnings
$5,539,195
income.
251.
p.
Kellett
QUARTER
THE
FOR
$664,861
1,385,000
Plainf'eld, N. J., manufac¬
turers
of
machine tools,
to
Kearney & Trecker Corp.
was
light
announced on July 11 by -William B. Turner,
President of WalkerTurner
Co., which will henceforth be known as the Walker-Turner
Division of Kearney & Trecker Corp.
The Plainfield plant, which has been operating oh a four-day week
this year, plans to
resume five-day work week in the near future,
Ingersoll-Rand Co.—Earnings—
EARNINGS
•Net profit
972,000
$968,502
cper.
168,
The
Cleveland, and the company adopted the same policy last Fall for
knitted cloth produced at its Covington (Va.) plant.—V. 167, p. 1922.
I'
1,058,000
—
Kearney
4 or
i|
163,000
sition—
proportion of its total output—have always been sold f.o»b.
corporation.—V.
Transfer
672,470.
tire cord and fabric—which represent
Rayon's
2,495,000
Dr)
rents
ry.
—V.
$4.02
328.439
allowances, 'brings all of the
it was announced on July 12.
Industrial
facil.
Jt.
.
by this corporation, placing the price
f.o.b. point of shipment basis, without
company's products under this
action
270,000
150,000
income
rents (net Dr)
Equip,
F.O.B. Basis—
on
yarns
$6,659,865
$1,097,8'31
455,000
•
oper.
Net
share—
of
textile
$9,092,195'
$1,573,502
op.
ry.
taxes
taxes
Ry.
$6,101,235
amortiz.
on
10,378,841
accruals—
inc.
Other
$9,721,235
3,620,000
com.
&
Products
\
$5,516,882
1,880,000
equipment—2
per
Deprec.
.-•plant &
$9,575,929
$4,798,052
(est.)
taxes
1.
Earns,
;
1,450,000
1,250,000
income—
Net
10,000
10,000
patents
inc.
$8,271,235
from
iev.
tax
Federal
merged into the parent company.
will now operate as the "Refining
was
refinery
published
,
Total income
Federal
$9,565,929
$4,788,052^ $4,266,882
the
from
rec.
of
1948—6 Mos.—1947
-•*
L&. lowing item
The
Co. i tfcia Kaiser. Co,
distribution, after
$3,362,826
1,739,324
revenues.--.
oper.
oper.
Ry.
1948—3'Mos.—1947
fol-
the
subsidiary,
1948, Fen-Ter Refining Co.,
30,
Subsidiary
Inc.—Merges
Oil Industries,
Kerr-McGec
Effective as of June
a
Industrial Rayon Corp. (&;Subs;)—Earnings—
excl.
1810.
p.
.
.
cf 25
extra
An
on
July 15 declared an extra dividend of 25 (jehts
the usual quarterly dividend of 75 cents per share on
both payable Sept. 3 to holders of record Aug. 13.
cents per share was also paid on June 5, last.
V. 16/,
stock,
Southern Ry.—Earnings—
Period End. June 30—
'
Period End. June 30—
common
covering
shares,
104,506
Kansas City
be
Ry.
Income
share and
the
—V.
*
-
revealed
Cooper
acquired ' 27,003
which holdings
respectively,, and that Kaiser Engi¬
Inc., acquired .10,629 shares, held 88,129.—V. Ib8, p. 4o.
shares,
.
per
the plant
as
cars
Mr.
sales,
.
and
241,006
neers,
K designation.
cla'ss
of' shareholders
Aug. 4.—V.,
on
many
as
booming
,
that. Henry, J.
reported
plan* to split "the class A no-par shares
a
eliminate the
to
special 'meeting
held
;
approved
times
2Vz
company's
directors
The
.
added.
he
the
Kaiser
J.
Kaiser-Frazer
|j| Industrial Acceptance Corp., Ltd. (Canada)—Split-Up
directors have
delivery
ship,-'!
to
stocks now. average Hess
field
were
The
July
.or
to
.
•'
'
year,
r.evealed in a report ;to the SEC that in May
Permanente
Metals Corp. distributed its entire holdings of
100,000
common shares of Kaiser-Frazer Corp, as a dividend to its stockholders.
I This was effected cn May 29 on the. basis of .l/20.th of a share of
Kaiser-Frazer
stock
for
each
Permanente share
held.]
He
also
$10,000,000
by
p.
to
the
of
Cooper
reference
Henry
on
used
be
construction
half
first
Permanente Distributes Holdings-
Co.—Registers With SEC
July 14 filed a registration statement with the
SEC covering $25,000,000 first mortgage bonds,' due 1978.
The names
of the underwriters - will be determined by competitive bidding.
Pro¬
company
abie
be
In
that
Indiana & Michigan Electric
Mr.
ordered
have
167, p. 2788.
The
the
for
said.
Retail sales in
the two-week period
ended July 3 were the highest in the history of -the corporation and
exceeded production by 20%..'
,
"As of today, the company's 4,200 domestic distributors and dealers
250
137,515
$43,804
income
oper.
after
Net
of
charge
in
peridd last year,
sales, announced on
like
the
'
steadily,"
50
38,931
Operating taxes
Cooper,
1./48
he said, totaled 93.912
units
and
brought the accumulative output at WiLow Run, Mich.,
since
the inception of production in June of 1946 to 250,171 cars.
"Consumer
demand
for
both
Kaiser
and
Frazer
is
increasing
oper.
property
Vice-Fresident
15.'
production
1,000
"
200
property
R.
July
of oper.
Rent from lease
c
Fred
$1,228,591
955,940
$1,634,709
1 289,876
siic niuinhs' of
nrst
tne
those in
lor
corporation s
retail saies
showed
a
116%
Increase
over
1948—5 Mos.—1947
$1,636,345 $1,229,815
1,636
1,224
1948—Month—1947
$341,623
$243,470
revenues
The
Extra Distribution Declared—
Deliveries Increase 118%
Kaiser-Frazer Corp.—Retail
Telephone Co.—Earnings—
Indiana Associated
Period End. May 31—
1948
Monday, July 26,
& FINANCIAL CHRONICLE
COMMERCIAL
THE
(346)
1947
1948
87,703
$1,306,267
- -
■■
■'
81.483
$1,3.10,613
Volume 168
Thl
Lear, Inc.—-New Comptroller Appointed—The appointment of D. W. Haven
-.
,
"a
was formerly Assistant Treasuver of Solar Aircraft Co. at
pes Moines, Iowa, plant; He M.l assume the financial respon-
tvas
record
.either
announced
"their
by
Richard
M.
Mock,
Executive
v.v;.
'sib.litifcs
the
covering
Lear
various
plants
Rapids (Mich.V,
wholly owned sub-
Grand
at
Elyria (Oliioi and Piqua
(Ohioi
as
well as the
eid.ary of Lear, Inc. of California.—V.. 167, p. 2580.
addition
of Marchant Calculators tor the first half' of' 1948 &p'tae -production tor any full year prior to 1947, Edgar
Pfes.dent, announced on July 16.
"Uninterrupted production at maximum capacity for another 12.mor.tli period was ^assured by the signing during the second quarter
of a new .laboj .contract.
This provided in the main for an increase
cf 12 cents per hour for production workers,, the increase being iden¬
tical w.th that established in the area," said Mr. Jesslip.
"Two plant improvements of significance are the completion of an
enlarged heat treating department and the start of construction of a
ntw
engineering building as part of a broader program," he added.
"deliveries
prox.mated
(James)
Lees
Sons
&
Co.—Sales
Set
Record—
(Jessupv
Six
Months Ended June 30—
1947
1948
.
1
$25,717,416 $19,161,404
Chairman Dies—
Abram
at
the
Trimble
of
age
He
Schuylkill
Chairman
director
a
Valley
Lines,
the
of
Lib bey
P.
Board,
died
Inc.—V.
Norristown-Penn
167,
12
July
on
Co.
Trust
and
2031.
p.
-
•
G.
the
of
82.
also
\y..s
Eastwick,
V.
'
•
-Ow«ns^Eorcl? Glass Co.T~?Increases Prices--—
that
Jr.,
Vice-President
"effective
July
13
follows:
company
in
charge of
prices
will
approximately as
piate glass,
uul-flex, including doors, 9.% ; window ..glass, all
V. 167, p. 2031.
'
' •
sales,
'
: :
.,
1-2
this
by
War
Assets
ment-owned
.
above
safety glass and all
thicknesses, 10%>„"—
portion
corporation
Operating
and
Works,
agreed
The
I
Locomotive
80,000
.
rthot
Lima
of
are
notes
Works,
feet
and
Net
the
of
govern-
Ohio,
Lima,
Other
Inc.,
of
spray
facility
of
since
the
to
Cr52,377
Crl.537
160,023
236,907
166,766
Jan;
36,394
29,562
171,364
$155,564
main
a
manufacturing building
together with cranes,
air
space,
and
rooms,
miscellaneous
combat
containing
tanks
cost
equipment
II,. the
tank
and
the
to
main
of
167,
the
utilized
was
vehicles
recovery
government
$854,844.—V.
was
building
real
for
in
production
armed' forces.
the
machinery
property,
$1,108,946
102,761
518,573
$590,373
$458,338
$153,876
_L_——
^
and
net
56,680
—V.
1947
$1,173,200
share
9 Months Ended May
was
each
paid
quarter.—V.
167,
The
SEC
company
for
at
$20
per
V.
I#
July
on
12
shared
15,000
filed
($16%
167,
p.
share.
will
Proceeds
letter
a
part
stockholders at the rate of
present
be
of
notification
stock,
common
share for
one
used
to
to
with'
extend
plant
Profit
the
offered
be
each,; eight
11
before
Income
facilities.—
Net
254.
The
-
-
•
directors
the
cn
the
July
on
first
declared a' dividend of 25
19
cents
"
-
168,
Gross
from
Net
rv.
railway
railway
from
Net
Prom
$4,265,216
Jan.
$3,791,818
$3,444,908
582,137
563,398
*161,632
from
Two
held
the
17 163,443
1,239,149
21509,613
their
*1,033,345
it
lew
a
weeks
Both
ago.
Inc.,
before
chain.
Other
$9,754,839
963, L'j6
789,318
5,579,569
4,763,167
op.
$786,328
$428,368
$4,175,270
$2,921,220
230,221
123,000
1,226,921
786.000
expenses
from
ry.
75.997
74,479
507,166
$480,110
Jt.
income
cper.
Equip,
Net
rv.
(net
$2,441,183
81,675,232
74,i92
655,497
472,753
13,919
6,896
96,400
41,087
Dr)
3:00
8339,365
$149,800
$1,689,283
$1,161,392
output
this
of
the
for
company
week
ended
July
•
17,
1948,
for the
totaled
45.610,000 kwh., as compared with 32,629,000 kwh.
corresponding week last year, an increase of 39.8% .—V. 168, p. 252.
Louisville & Nashville
from
Net
from
Net
ry.
railway
Prom
Net
from
Net
rv.
1945'
$18,838,250
.
3,178,080
*279,826
7,241,385
*348,418
2,267,712
78.587,202
66,443 212
89,089,240
of
12,542,079
16,086.709
9,787,471
33,150,422
New
5,956,533
7,681,i63
4,831,899
10,593,814
income
or
mail
their
their
purchase
to
Oct. 31, 1949, the principal to be paid back
of
reaches
June
postal
loan,
$25,500,000.
in
March,
Lustron's
proceeds to be received bv the companv from the
shares Of common stock will be $2,266,342, before
87,167
first
The
credit
in
York,
to
provide a
derived
proceeds
stock
but
it
assets
first
of
the
$15,500,000
government
made
was
will
be ,used
The Chase National Bank,
portion of the funds required.
From the sale of the 87,167 shares of com¬
to
restore
the
working capital position of
GIVING
EFFECT
the
new
Feb.
because
the
credit
new
housing
was
that
a
this arrangement
"business
loan"
act.—V.
167,
p.
rather
than
income
in
the
share
was
The
dividend
will
July
31.
a
quarterly
announced
be
•
payable
Aug.
a
r
to
holders
of
1948.
''-.'The previous quarterly dividend late
increase
from
20
6,
cents
.yv
a
share
cipally
'
iii
was
25
cents
announced
Oct.
a
1946.
'•
record
'' • ,
share following
17,
certificates
for
class
A
and
class
B
stock;
on
,
the class A stock—in
addition to the
share
is
a
of
class
The
A.
-i. '. r
present rate
>
change in
lVa
Is
•
chartec-provisions to permit
used
for
voting trust certificates for B stock held in treasury to
to
A
stock.
The
fourth proposal
calls lor
preemptive rights with respect to B stock for conversion
to A
of
stock.—V.
168,
153."
p.
Minneapolis & St. Louis Ry.—Earnings—
1948
May—
from
Gross
Net
from
Net
ry.
railway.
Net
from
ry.
$936,993
$1,318,683
386,739
*105.802
326,633
107,203
172,672
*158,971
171,J 38
7,623,032
7,322,089
5,614,813
6 353,215
1.235,375
1,919,785
127,174
1,614.395
446,721
803,238
*374,246
765,914
1—
from
Net
railway
railway
income
oper.
''Deficit—V.
Mission
167,
p.
2469.
Corp.—Earnings—
Quarter Ended March 31—
.
Federal
Net
'-
1948
1947
1946
$846,132
$346,465
$275,010
56,000
19,000
18,900
$790,132
$327,465
$256,110
1,374,145
1,399,345
1,375,145
$0.57
income
Federal
before
Profit
$0.23
$0.19
taxes.
taxes
income
profit
shares
Earnings
—V.
per
167,
1945
1946
$1,495,582
251,964
income.—
oper.
From Jan.
Gross
1947
$1,588,058
railway
outstanding
share
_'
2689.
p.
r
Missouri Pacific RR.—To Issue
'•
The
company
V.
1948,
1,
< no
AND
par)
$2,500 000
700,000 shs.
—■—
—
BUSINESS—Company
was
610,165 shs.
in
f
.
are
series
KK.
The
to mature serially
certificates will
over
a
period
of
be dated
10
years.—
Monongahela Power Co.—Authorized to Buy Stock in
Two Utilities—
The
company has received authorization from the SEC to make ad¬
ditional common stock investments in Marietta Electric Co. and Mon¬
Utilities Corp.
Monongahela will buy 4,000 additional shares
stock of Marietta Electric for $400,000 and 1,800 share sof
Utilities for $180,000. The two companies will use the pro¬
to pay their indebtedness to Monongahela and lor construction.
166, p. 2470.
terey
of
capital
•Monterey
ceeds
—V.
Monongahela Ry.—Earnings-
Delaware
1948
$825,699
452,252
from
Gross
ry.
from
Net
ry.
—V.
railway
oper.
i.67,
1946
1945
$264,252
$448 453
91,416
187,828
225,706
302,095
12,115
31,596
3,499,986
2,117,423
2,444.171
1 883,524
862,396
1,141,373
429,891
862,848
196,546
296,718
1—
railway
from
Net
1947
522,058
income.—
oper.
Jan.
From
Gross
railway
railway
from
$897,652
3,216,915
1.483.516
May—
.
$2,500,000
incorporated
certificates,
and
168, p. 153.
Net
PRESENT FINANCING
Outstanding
to the ICC for authority to issue $4,700,000
has applied
equipment trust
Aug.
Equipments—
the
1913.
Ac or about that time, "it acquired all the capital stock
Co., a corporation which was engaged in the publication
income—
2689.
p.
v
and
clress pattern business founded about 1870 by James
continued to hold, and confined its activities prin¬
to
holding,
all
of
the
stock
of
year McCall Co. was dissolved
taken over by the companv.
The McCall Co. until 1936,
and its assets and business
'
The companv: has three subsidiaries, namely. The Magazine PhotoEngraving Corp. (Conn.), organized in 1931, which is engaged in the
production' of photo engraving for the' company and, to a limited
extent, for others, The McCall Publishing Co., Ltd., a corporation
of -Great Britain, organized in 1927.
which distributes the products
of the company, principally its patterns, in Great Britain and Ireland,
and The McCall Publishing Co."(Australasia) Ptv. Ltd., a corporation
of New South Wales, Australia, organized in 1933, which distributes
products of the company, principally i.ts patterns, :i.n Australasia.
.
Equipment Co.—Sells Newgren Co.—
Monroe Auto
American Bantam Car
See
Company
which
were
1948,
3,755,963
"
'
McCall
McCall.
2790.
20,
$3,906,969
'
conversion
magazines
and the manufacture and sale of patterns for the
making of women's dresses and other garments.
The McCall Co.
had been incorporated in New York in 1893 to take over the fashion
-
under the former
dividend on the common stock to 35
on
July 16 by D. C. E\.3rest, President.
"
or
of
agreed
was
Marathon Corp.—Dividend Rate Increased—
An
cents
stock
magazine
explained
"defense loan," the definition of the first transaction
emergency
of
one.
Agency spokesman
TO
1, 1968
due July
note,
HISTORY
on
1947.
RFC agreed to the $10,000,000. loan without additional security
provided that the machinery, equipment, patents and other
posted as collateral for the original loan would be available
for
The
an
37c
monthly Instal¬
Common'
to
on
class, B,'stock
Western
Authorized
1949.
indebtedness
28,337,306
4,618,546
419,828
one
voted
be
elimination
subscription rights, holders of warrants
accompanied by cash, certified
or
trust
for
B
be
to
•
warrants,
-express
voting
class
of
Capital
the
CAPITALIZATION
30,
The
to
beginning
$1,250,000,
this
latest
36,995,711
4,399,487
3,266,839
$459,615
842,545
"additional dividends"
Net
by the Reconstruction Finance Corporation,
it was disclosed
July 21.
spokesman for the government lending agency said the loan would
expire
■■
.
■
$3,691,609
"
' 644,813
"rr--.
"
shares of B stock for one A share,
one
company to provide funds for future development and growth of the
company's business.
The funds derived from the. $2,500,000 note
will be used,-to the extent necessary, to pay off bank loans and the
balance of such funds will be used to increase working capital.
loan of $10,000,000 has been granted to this corpo¬
ments
5,357,549
"
"878,513
$933,304
'
2790;
of
Also
has placed privately through
A
With
.
Privately-^The company,
Union money order
Street, New York 15,
to the full purchase
for the shares to be purchased, so as to be received at or before
p.m.
(EDTi on Aug. 3, 1948, at the office of such subscription
draft,
bank
The
ration
on
7,455,526
charges
167, p.
shares
$2,100,000 from the Irving Trust Co. and
mon
252.
p.
■
preferential dividends on the class A stock in past years.
The bala'rice had been "heeded to meet expansion requirements and
dividends, on the class B stock were, as a result, practically impossible,
according to the statement.
The directors now feel, with existing con¬
ditions and increased earnings, that about 50%
of earnings should be
distributed as dividends although not on a fixed dividend policy.
Another proposal is for a change in the basic conversion rate to four
.
of plant expansion and modernization at its Dayton, Ohio,
plant, designed to improve efficiency of operations and to
facilities for an increasing volume of business over the Last
several years.
This program, expected t.f be substantially completed
by the end of 1948. involves a total expenditure of about $11,300,000.
of
which
approximately $8,300,000 had beeri. expended during 1946
and
1947.
Since Dec. 31,
1947, .the company has borrowed a total
83,651,900
additional 4%
An
167,
discounts or commissions and expenses payable-by
Company has also entered into an agreement
with
New
York
Life Insurance Co. for the sale to the latter of a
$2,500,000 note.
The net proceeds therefrom after deducting estimated expenses in connection with the issuance and sale thereof, will
be aporoximately $2,480,500.
During the war years it was impossible
to make normal
replacements and additions to plant and equipment.
After
the-end
of the war,-the company entered upon an
extensive
1,496,088
Lustron Corp.—Additional Loan by RFC—
.
14.—V.
July
provide
1—
railway
exercise
to
deliver
of
3,065,525
railway
oper.
—V. -168,
$10,541,834
■
$6,461,977 $45,086,807 $36,862,841
per share. It was stated in the proxy that
major part of consolidated net earnings were disbursed to satisfy
the
above.—V. 167, p. 1258.
holders
entitling
PURPOSE—The
1,700,968
income
Jan.
from
Gross
on
printing
1
1946
$17,867,625 $16 054,542
railway
cper.
1947
;
$y,267,343
'
1948—5 Mos.—1947
$6,482,939 $45,309,107 $36,977,895
"
'20,962
222,300
115,054
"preferential dividend of $1.20
program
RR.—Earnings-
1948
May—
Gross
Holdings—
underwriting
the company-
'
Louisville Gas & Electric Co. (Ky.)—Weekly Output--Electric
Co.,
deducting
47.
p.
&
2689.
.
agent.
•
sale
income.
oper.
1C8,
$230,888
123,826
Dn__
(net
rents
lacil.. rents
—V.
then outstanding.
payable to the order of Irving Trust Co.. l Wall
N.
Y., subscription agent, in an amount equal
price
Ry.
Hirsch
p.
to consider reclassification of the capital stock on Aug. 3.
According to the proxy statement, the holders will be asked to con¬
sider four proposals.
J<
The first proposal calls for elimination of provisions requiring pay¬
Weld
order
In
check
459,988
accruals.
tax
of
167,
will be asked
share of
additional stock for each six shares held of record-July
20, expire at 3 p.m. on Aug. 3, 1948. White, Weld & Co.
is principal in the group underwriting the offering.
$7,684,387
ry.
made
announcement
an
Corp.—Note Placed
warrants
1948—6 Mos.- -1947
1948—Month—1947
Director—
a
firm
director.—V.
■
income
oper.
after
Holders
.
*$1.07
poration on July 21 offered to holders of its common
stock, rights to purchase an additional 87,167 shares of
common stock
(no par) at $26 per share. Subscription
that
income'taxes—
Feder. 1
682,636
& Co., with the New York Life Insur¬
ance Co. $2,500,000 3% note, dated July 21, 1948 and due
July 1, 1968.
Stockholders Get Stock Purchase Rights—The cor¬
men
$1,217,686
rev.
to
announced July 22,
was
must
Net
1,107,315
$1.85
"
Burlington Mills Corp;
White,
$1,750,184
revenues..
oper.
'
'
McCall
Louisiana & Arkansas Ry.—Earnings—
Ry.
1,846,730
$3.08
May McEwen Kaiser Co.—Merger Ratified—
See
44,875
resignations
Period End. June 30—
oper.
according
2790.
-
3,568,911
*2,652,274
same
Therapeutic.
fication of Stock—
$4,728,550
group of
the company's officers, directors and key personnel,
headed by H. A. Leander, President, has acquired a substantial block
of stock of the" corporation from
the estate of the late William L.
17,389,962
positions
with
Exchange
Buffet,
company bought a half-interest in the Longchamps
No explanation for their action has been given.
Ry.
$6,670,164
^
tendered
Sciences,
of
of
435.
Middle States Petroleum Corp.—To Vote on Reclassi¬
1946
1947
$9,729,006
(W. L.) Maxson Corp.—Officers Increase
have resigned, it was learned on July 13.
Theo¬
President, and Maxwell H. Hoffman, Vice-President and
Mets,
Net
—V.
A
top executives
T.
Treasurer,
p.
investment
a
40,621
i
ment of
Longchamps, Inc.—Chief Officials Resign—
dore
*$2.85
1—
Net ty..oper; income.—
*3,792,100
'Deficit.—V. 167, p. 2580.
Net
Academy
Institute
1948—Month—1947
rev.'_
oper.
Operating revenues-.-
Net
600,000
$5.07
After dividend requirements on preferred shares
—V.167,; p. 2580.
155,749
17,455,309
Merck
$9,307,964
revenues--—
Operating expenses
"Oper&ting Fakes.
$1,831,006
600,000
$8.53
profit aft. chgs: & inc. taxes
Earnings per common share
917,883
*162,434
railway—19,498,932
railway
355,047
End.May 31— '
*
—
$3,716,241
496,524
from
Gross
'
1945
*306,556
income—
oper.
1946
$3,041,287
600,000
Net
p.
1947
$5,117,959
common
—I——
sales
Maxson,
1948
3,674,434
1,843,428
1948
Long Island RR.—Earnings—
May—
2,146,000
share
—,—
shares
Net
153.
p.
5,187,287
share
per
The company has received SEC permission to borrow
$8,000,000 an
214%. unsecured promissory notes from four banks.
The company will
use the loans to repay bank loans totaling $3,250,000
already made for
construction
purposes
and
to
continue
a
construction
program.—
V.
the National
the
of
director.—V. 167,
a
Fink, an associate of the
York, N. Y., has been elected
Period
t
EARNINGS FOR THE QUARTER ENDED MAY 31
Long Island Lighting Co.—To Borrow—
_
President of
adviser
an
*
1810.
P.
8,646,959
3,529,000
outstanding
profit
per
:
stock, payable July 30 to holders of record July 20.
payment to be made on this issue since 1931.—V. 167
common
This is
Richards,
Uncollectible
taxes
Common
Lit Brothers, Philadelphia, Pa.—Resumes Dividend—
;-3,
N.
Co., Inc.—New Director—
held,
now
Earnings
•
A.
V
252.
p.
Operating
taxes-
income
*
9.2
3.6
Michigan Bell Telephone Co.—Earnings—
2032.
p.
1948
1947
1946
$27,526,595 $18,353,371 $13,348,291
31—
...
sales
5.0
Watling, Lerchen & Co..,.
•Sol.'P.
New
'
Net
Co.
5.8
-
"Washington," and
Masonite Corp.—Earnings—
Kv
Co.—
Merritt-Chapman & Scott Corp.—Fink
1948
$1,234,153
earnings
per
Victor, Common, Dann <fe
5.8
&
.Research,, has been elected
The directors have declared a regular quarterly dividend of 40 cents
per share,
payable Aug. 2 to stockholders of record July 20.
Pre¬
Lincoln (Neb.) Telephone & Telegraph Co.—Files With
SEC—
168,
Merck &
-
.
viously,-30 cents
5.0
Company
Pressprich
Quail & Co.-—
'
I
W.
520,150
$65,987
R.
3.6
Shuman, Agnew & Co
3.6
William R. Staats Co.-.*.,.".. 3.6
$978,488
103,077
Ohio
•The
Marine Bahcorporalion—Earnings—Dividend Incr.—
1695.
p.
0168,743
6 Months Ended June 30—
machinery
Consolidated
War
$261,953
r—V." 167, p. 2362.
compressor,
of
items
13UC4
$1,055,603
53,343
Rotan, Mosle and Moreland
5.0
-Kebbon, McCormick & Co.
$921,808
9,032
income
Net
,
price.."
Lima
Pfsrppntaor*
46.2
Hallowell, Sulzberger & Co. —3;6
Dr.
1947,
7,
purchase
■
White, Weld & Co
Bosworth, Sullivan & Co._
7,414,316
1,023,412
$252,921
—
income
oper.
Rentals,; int., ' etc
leased ' from" 'the
land,
,
v"Ppvpptiup
$11,301,334'
8,789,385
1,124,959
income
Gross
addition
acres
t
„
$9,763,209
fl,408,324
189,998
income
the
to
draglines and heavy
successor to the Lima Loco¬
cranes,
the
in
rent
2Va
ly.'
foilows:
as
.
$1,781,911
1,624,311
;
278,819
■
rents HD; )
fac.
1948—5 Mos.—1947.
$2,140,068
—
tTaxes:.
equipment.
Original
-
occupied
includes
During World
-.
has
$35,000
pay
square
blast
and
i
Inc.,
to
property
'
%*:■
revenues
'Operating- expenses
$303,372.
corporation plans to manufacture
shovels in the facility.
The corporation,
motive
•"
the
of
for
sale
9 approved
Tank Arsenal,
Needlework," -."McCall
Patterns" and
Printed
- M
» .
, * ,
%
UNDERWR1TERS—-The name of the principal underwriters of the
of the .87,167. shares of common stock and
the percentage of 'such' unsubscribed stock to be purchased by each,
.
1948—Month—1947,
Period End. May 31—
.Equipment
July
on
The
-
-".'v
Administration
fashions,
including
"McCall
Style News," "McCall
Styles.".
...
,■
"McCall
McCaJl
"Advanced
Lima-Hamilton Corp.—Acquires Government Facility
.
with,
Book "
Pattern
•
'Maine Central RR.—Earnings—
/
•
Joint
:
-
unsubscribed ' portion
July
an
increased
be
■;
Maga¬
connected
943. '
p.
most
magazine;
■magazine.
'
MacNichol,
announced
167,
the
make
.
general
and "Blue Book Magazine," which is primarily a men's
In addition, the company publishes several publications
zine,"
J
•
themselves,
magazines
The
,
Sales
the
of
sale
approximately 3% of 1947 gross sales.
<"
'
"
magazines which the company publishes are-."McCall'S
a general
woman's magazine; "Redbook Magazine," a
for
,
%■
the
to
important contribution to the gross volume of business of the com¬
.accounting for approximately 58% of gross sales In 1947.
The
company.'s pattern business accounted for approximately 24% of gross
sales in 1947 and contract printing for approximately
18% .
Gross
sales outside of the continental United States arid Canada accounted
pany,
"
•B.
sale
...
.
principal one of which
three activities, the
on
the
and
Calculating Machine Co.—Deliveries High—
Marchant
company- carries
7
publication of magazines.
The other two are the
e
of printed paper patterns and: publication of allied fasnion
.publications, and the printing of magazines for others under contracts.
Magazines, which produce revenue, through the sale, of advertising w
is
Sept. .20, 21948.;.';:
There w.11 be no deduction
^Haven
V-
The
declared the usual quarterly dividend of $1.25
stock, "payable Oct. T, 1948, to holders of
v.
.,C'..0
'
of Wisconsin privilege dividend tax on
stock, rit, was announced.—V. UC8, p. 47;;>' *
I.
r
dlr-ectoysr also
share-on-the .-preferred
this corporation
Vice-President,
Mr.
Comptroller of
as
(347)
FINANCIAL CHRONICLE
&
COMMERCIAL
THE
Numbeij. 4719
Co. above.—V. 167, p. 2791.
Monsanto Chemical Co.—New
Arnold
Smith
H.
has been
President of Unit-
elected President
of Monsanto
(Canada),
Ltd., to succeed Leo G. Ryan, who remains as Chairman of the board.
L. E. Ryan has been elected First Vice-President of the company.
When Monsanto (Canada)
was reorganized in
1946, L. E. Ryan was
elected Vice-President.
In
1947 he was elected a director.
He will
of the manufacturing and development programs
organization.
been Vice-President and member of the board of
directors of the Canadian company since Jan. 1, 1948'.' Prior to that
in
remain
of
the
Mr.
time
charge
Canadian
Smith
he
Ltd.—V.
was
.
has
acting
168, p. 252.
managing director
of
Monsanto
(Australia) Pty.,
H'
THE COMMERCIAL & FINANCIAL CHRONICLE
(348)
8
Montana-Dakota Utilities Co.—-Transfer Agent—
See
National Fuel Gas Co.—Debentures Offered—As men¬
tioned in
Inc.—Earnings—
1973 at 101.769 and interest.
9,265,000
8,815,000
10,025,000
taxes———
The issue
mitted
Net
profit
Class
$14,307,818 $11,475,140 $13,760,098
————
-
201,554
6,502,378
outstanding
shares
Common
201,554
6,502,378
$1.71
Hanover
Quarter Ended March 31
1947
*$661,700
698,200
*$0.90
in
start
Motorette Corp., Buffalo, N. Y.—Sale of Assets—
Judge Carlton A. Fisher of Buffalo on July 20 confirmed a
$55,000 submitted for assets of the corporation, manufacturer
of small vehicles.
The bid was submitted by the Delevan Welding
Co., Inc., at an auction held July 20 for the benefit of Motorette
the
30
three
of
the
months
agreement
the
that
extended
of
is
Working capital
of the loan,
ceeds
said.—V.
167,
for
corporation, after application of the pro¬
excess of $10,000,000, the announcement
this
in
now
issue
announced July 20 that it has sold an
The company
$3,500,000 first mortgage 3%% bonds due April 1,
1978, to insurance companies at a premium of $533,250.
Proceeds of the borrowing will be used to retire shortterm
bank
loans
and
to
help finance construction.
of
OF INCOME FOR
STATEMENT
Operating
Operating
operating
Other
income
Gross
(net)
$1,627,068
deductions
306,900
-
$1,320,168
income
Net
cumulative
167, p.
.*
••
t
revenue
$6,042,490
Operating expenses
Operating taxes
61,809
118,723
$3,875,262 $29,166,310 $21,903,701
23,154,110
3,256,803
3,701,668
4,774,767
668,60.9
244,888
18,954,673
1,982,896
$599,114
*$71,294
$2,755,397
$966,132
449,142
Net oper. income
*188,627
1,962,787
372,706
charges
♦Deficit.—V.
f
*
Telegraph Co.—Earns.
12,025
18,759
revenues—
Operating
&
1948—Month—1947
1948—5 Mos.—1947
$6,031,249
$3,887,287 $29,285,036 $21,964,510
revenues
oper.
Net after
,
States Telephone
Period End. May 31—
Uncollect,
i'623,086'1
2259.
Mountain
Operating
.
167,
2791.
p.
Musicraft Records, Inc.—Earnings—
10 Mos. End.
Mar. 31/48
May 31/47
$735,714
Period—
Net
V Net
Year End.
$1,392,284
1,673,127
.
sales
385,061
loss
—V.
167,
2791;
p.
V.
166,
p.
The
realized
proceeds
be
and
the
-to
used
by Uhited
from
sale of its
the
intends
capital
stock
other
w.ith
together
construction
the
for
of
corporate
additional
funds of United, are
facilities and for
plant
corporate purposes.
stock
it
announced
was
is
to
by Iroquois Gas from the sale of its capital
the payment to National of the $1,500,000
realized
proceeds
are
used
be
for
Iroquois Gas notes heretofore issued under the credit agreements
(or to
pay
off open account loans from National to Iroquois Gas
in substitution for
a
part thereof) and the balance, together with
'
funds of Iroquois Gas, will be used for the construction
of additional plant facilities and other corporate purposes, or to pay
off the additional balance of open account loans from National, the
other corporate
proceeds of which will have been used
National
will
for the above purposes. >
proceeds*realized from the payment by United
$6,500,000
the!
use
Iroquois Gas-of their notes to pay its then outstanding
and
principal
amount...pf notes to The Chase, National Bank?.;, >
in
New
SUBSIDIARIES—National Fuel Gas Cq.
AND
COMPANY
ized
Jersey Dec. 8,
-
organ¬
capital stocks of operating companies, most
of which are
engaged principally in the natural gas or mixed gas
business.
Company commenced business in Feb., 1903, when it pur¬
chased all or the majority of the capital stocks of several natural gas
companies operating
in the vicinity of and with headquarters at
Buffalo, N. Y.; Oil City, Pa.;
Warren, Pa., and Bridgeburg (now
Fort
Erie), Ont.
These companies or their successors -are still the
principal subsidiaries of National, and their principal offices are still
of
located
holding
and
owning
in
the
by
G.
T.
increased
to
the
have
merits
planes
to
its
ments.
Baker
for fast freight move¬
regular schedules, Mr.
to be employed exclusively
fleet will be operated on
fleet,
The
of
The
the
base:
Adding
Will1; form
about
the
tons
14
nucleus
for
daily
the
to National's
freight fleet,
cargo
Mr.
capacity, these
Baker said.—V.
168, p. 48.
Period End. June 30—
Fr&ffts
before
,
The
latest
IS the
half:
first
addition
be
to
to
dozen
a
opened
tne
other
in
corporation's
outlets
Texas
the
and
will
retail
chain
company
the
be
opened
plans
central unit
Tn
that
for
a
area.—V.
of
New York,
UNDERWRITER,—Blyth & Co., Inc.,
the debentures.—V. 168, p. 252.
—V,
48.
p.
■
is sole underwriter
Corp.—Subsidiaries Discontinue Basing
National Steel
*
|f|
Chairman.
announced
P-
said,
the basing point
12 by Ernest T.
of all products will be
prices
desire, as delivered prices
prices plus actual freight from mill to destina¬
mills
the mill
16?,
he
Hereafter,
the
at
will be
which
or,
if
customers
so
2470.
3 Mos. End. March 31—
revenues—__
National Tank Co.—Earnings—
12 MOS.
sales
1948—6 MOS.—1947
2
before
Income
income
taxes
737,384
taxes
$1,106,077
330,400
$3.35
Net
profit
Capital shares
outstanding
Inc.
from
1948
$7,851,994
1947
$7,527,798
6,723,177
.
1946
$4,606,725
3,653,703
1945
$4,848,120
3,837,366
$763,630
$804,621
$953,023
$1,020,753
213,779
operations-
313,758
220,615
•
H.
Net
Com.
income
deductions
„
$977,410
$1,113,380
$1,173,638
$1,177,067
397,093
57^/294
610,192
958,722
____.
income
shares
Earnings
per
NOTE—The
$580,316
outstdg—
1,415.363
share
$0.33
com.
$543,085
$563,446
$218,344
1,415,363
600.000
541,309
$0.35
$0.94
$0.39
.V.
partially-owned subsidiaries are not re¬
of dividends received, which are
included in other income.
For the first three months of 1948 and 1947
the dividends received from Los Angeles Transit Lines amounted to
$81,339, apd in 1947 only from Railway Equipment & Realty Co., Lid.,
$21,314.—V. 167,; p. 2033.
flected
in
operations
above,
except
of
to
extent
Tea
V. McNamara.
On June
330,400
$1.69
$1,907,143
330,400
$5.77
Co.—Semi-Annual
Statement—To Issue
Association—Output—
week
ago.
Gas
output
is
p.
of
week
corresponding
the
for
ft.
cu.
ft.
Of
168,
16 week is reported at 100.445,000 cu.
10,459,000 cu. ft. or 9.43% below production
the July
for
decrease
a
110,904,000
year
a
ago.—V.
253.
mechanical
NOTE—For
possible
order.
to
New
reasons
companies
arrange
However, they
position
is not always
it
exact alphabetical
in
always
sore
as
near
alphabetical
possible.
as
Co.—Bonds Offered—Halsey,
July 22 offered $11,-
Power
England
Stuart & Co. Inc. and associates on
000,000 first mortgage bonds, series B, 3%, due 1978, at
100.99 and interest. The issue was awarded July 20 on a
bid of 100.51. Other bids received were: Merrill Lynch,
100.399 for 3s; Kuhn, Loeb &
3Va % bonds: Lehman Bros.,
102.35997; The First Boston Corp., 102.29; Kidder, Peabody & Co., 102.06; Harriman Ripley & Co., Inc., 101.813,
Pierce, Fenner & Beane,
Co., 100.17 for 3s.
For
1, 1948; due July 1, 1978.
Bonds will be redeemable at
the company as a whole or in part at any time prior
at least 30 days' notice at ordinary redemption prices,
the initial ordinary redemption price being 104.49; bonds wiU also be
redeemable on July 1 in any year through operation of the sinking
fund and through application of certain eminent domain and improve¬
ment fund moneys and certain other moneys required to be deposited
with the trustee, at the special redemption prices, the initial special
redemption price being 101; plus interest in each case.
Dated
the
to
July
of
option
maturity on
PURPOSE—The
following
President,
Ju'v 19 said
in part:
meat
markets
Dec.
and
on
June
supply
14,
declined
from $17,556,572
but can normally
1947 to $17,269,688 at June 19. 1948,
increase the latter part of the year.
six parts of 1948 approximately $1,400,000 has been
expended for additional equipment and modernization of our stores,
and while the company's current cash position is satisfactory and it
has no bank loans outstanding, the continuation of its store modern¬
ization policy and increased volume of business is expepted to require
addition capital. Steps are being taken to secure this through offering
rights to stockholders to purchase additional common shares before
31,
be expected to
In the first
the end of the year.
The
which
early part of this year we sold our India Tea Co. (at a profit)
consisted of aq wason routes distributing food products and
premiums direct to the homes.
used
by
the company for
the
thereto,
of
which
$52,120 is
payable by
assumption of certain obligations relating to flowage
relating
.
balance is payable in cash
the purchase price of materials
of
Payment
plies owned by Bellows
Payment of the purchase
40,707
line
sion
(4)
at
June
15,
to be applied
proceeds
indebtedness
of
.'
thereto
relating
of such
Balance
tion
the
with
Transmission line located
and
owned
by
Connecticut
in
agreement for sale of transmis¬
Hampshire
New
accordance
banks
to
totaling
533,960
to the reduc¬
$2,400,000
(incurred for construction)
1948
and sup¬
price of that portion of the
Bellows Falls-Pratts Junction
in
$8,710,918
and the
rights
(2)
as
outstand¬
ing under the "credit agreement," the promissory notes
thereunder maturing May 31, 1951, being held by First
National
Bank,
Boston;
Chase National Bank,
New
Central Hanover Bank & Trust Co., Irving Trust
1,872,140
York Trust Co
and New
Co.
SECURITIES,
CAPITAL
UPON
COMPLETION OF
PRESENT FINANCING
-Authorized
First
bonds,
1961
mtge.
15,
*The
series
B,
3%,
under credit agreement
pfd,
stock
par
$25 to $20
a
stk. ($100 par)___
par)
($25
$9,009,000
11,000,000
10,000,000
11,000,000
due
-
cumulative
•Common
$10,067,000
-
;
Bank loans
Outstanding
series A, 3'/4%, due
bonds,
mtge.
1978
527,860
80,140 shs
622,333 shs.
•
80,140 shs,
622,333 shs.
value of the shares of common stock will be reduced from
share.
PLANS—Company's
EXPANSION
program
of
expansion,
as
now
for the years 1948 through 1951 is estimated to cost aboutwhich amount does not include the cost of acquiring the
properties of Bellows and the transmission line of Connecticut which
are
to be paid for from the
proceeds of the present financing.
In
addition to funds from its own resources, approximately $47,000,006
will he needed to complete the company's construction program
and
will require temporary financing under the provisions of the credit
agreement.
Company expects to permanently finance its capitalizable
expenditures from time to time by the issuance and sale of additional
bonds, and preferred or common stock, such bonds and stock to 0©
issued and sold in substantially equal proportions.
planned,
.
AND
ORGANIZATION
corporation
and
is a
BUSINESS—Company
is
a
Massachusetts-
consolidation of New England Power Co., Incor¬
porated in Massachusetts Aug. 21, 1911, and Connecticut River Trans¬
mission Co., incorporated in Massachusetts Feb. 5, 1908, the consolida¬
tion being pursuant to contract dated April 27, 1916.
company's
and
purposes.
business is
that of generation, transmission/ pur¬
sale of electricity for light, heat, power, resale and other
Direct, sales of electricity to ultimate consumers are mad©
/
*
~
,
only to large users.
The
1947.
inventories have
will be
proceeds
of
Payment
chase
on
19, 1948 the company had in operation 682 stores, of which
meat markets, as compared with 674, of which 498 in¬
Merchandise
net
purposes:
the purchase price <$8,763,038) for the
properties of Bellows Falls Hydro-Electric
Corp. in
accordance
with
the purchase
and
sale agreement
(1)
The
included
cluded
at
Total
Other
$557,829
Rights to Stockholders—
156,314
income
share!
851.
National
569
Other
per
167, p.
1948
$5,027,270 $14,665,948
3,142,641
929,715
371,886
1,235,498
$8,153,540
1,843,461
;
Inc.—Earnings—
7,088,363
expenses
$0.29
ended July 16, this Association reports electric output
kwh. This is an increase of 339,584 kwh., or 2.42%
above production of 14,044,106 kwh. for the corresponding week a year
the
$48,881,000,
Period Ended April 30—
(Including Wholly-Owned Subsidiaries)
Operating
Operating
160,729
14,383,690
6%
corporation's subsidiaries have discontinued
of selling steel, it was announced on July
system
Weir,
—V.
National City Lines,
$46,397
New England Gas & Electric
For
of
Nov.
Point System—
Earnings
-
■
48,396
167, p. 851
First
v
168,
$332,479
1,999
4,000,000 shs.
3,810,813 shs.
due 1973 $13,500,000
$13,500,000
It
of
1948
'
—
.
profit
Capital shares outstanding
Earnings per share
York;
Profit
Texas, on July 17, bringing the company's chain to nine.
^Waco,
i
ENDED MARCH 31,
Income
Outstanding
Authorized
Net
Opens New Store—
Co.—Earnings-
THE QUARTER
Net
FINANCING
CAPITALIZATION, GIVING EFFECT TO PRESENT
1948—Month—1947
1948—11 Mos.—1947
$2,619,773
$1,776,844 $24,936,946 $19,208,708
146,648
102,342
1,289,898
1,050,966
taxes
$2.23
Interest
the
tion.—V.
Sales
7,654,178
$2.91
■
the
in
National Bellas Hess Inc.—Sales & Profits Up—
.
fJ
10,488,195
2—
—
sales
Total
subsidiaries constitute an inter-connected
so-called "Appalachian Area" in western
western New.York and to some extent in Canada and
of
operating
This
TWo twin-engine C-46 transports, leased from the government, are
being prepared for freight operations at National's Miami maintenance
318,138
©
168, p. 153.
EARNINGS FOR
Net
40,163
480.871
declared
or
National Tile & Mfg.
outstanding
properties
system
added.
cargo
8,012,479
72,319
paid or declared
paid
(3)
cities.
same
capital securities of all of the subsidiaries
of the company consist of common stock.
Company owns directly
or indirectly all of
the outstanding capital stock of all the subsidiaries
except Pennsylvania Gas Co. (and its wholly owned subsidiary, Penn¬
sylvania Oil Co.), in whichJt owns 52.53(6; and Provincial Gas Co.,
Ltd., in which it owns 71.26%.
All
Capital stock (no par)
3% sinking fund debentures
to
dividends
dividends
...
was
Company is engaged in the business
1902.
listing
expand its air cargo operations,
Baker, President, who said freight shippoint where National is adding all-cargo
taking steps
1,467,576
6,544,903
of
National Airlines, Inc.—To Expand Cargo Operations
corporation
1,934,281
9,107,104
Balance end of preiod_
—V.
Ohio.
This
910,000
11,041,385
has authorized
the
for
balance,
used
be
other
(The) Muter Co., Chicago, 111.—Authorized for Listing
The
New
York
Curb
Exchange on July 21 approved for
250,000 shares of outstanding common stock.—V. 165, p. 2280.
26,714
1,200,000
taxes
Federal
income
Common
The New York
$1,500,000 par
pending before
of the balance
payment to National of the $5,000,000 principal
amount of United's notes heretofore issued under the credit agreements
will
Pennsylvania,
762.
of
has
Iroquois Gas stock.
Pending such approval, National
to Iroquois Gas cn open account up to $3,350,000.
the
loan
-»132,500
dividends
preferred
dividends
Common
—V.
(net)
plant leased
income
Income
5%
$1,507,993
99,585
19,489
revenues
from electric
all
sell
to
The
Net
Income
the
will
Commission
to
$8,795,844
7,287,850
deductions
revenue
debentures,
Iroquois Gas.
U.
of
1948
MONTHS ENDED MARCH 31,
12
revenues
the
The Pennsylvania P. U. Commission
the 320,000 shares to National.
authorized Iroquois Gas to sell
value of its shares to National and an application is
the New York Commission for the approval of the sale
and
P.
89,812,333
302,095
20,842
shares
United
Placed Privately—
Mountain States Power Co.—Bonds
92,518,718
$8,000,000
48,500
1696.
p.
of
sale
purchase 320,000 shares of the common stock of United
($25 stated value per share) and up to a total of
of the common stock of Iroquois Gas at par value of
$4,850,000.
The balance of the net proceeds; will be added to the
general funds of National, and used by National for the future needs
of its business and that of its subsidiaries, including that of United
to
of
for
Preferred
This
the
from
received
funds
.___
2.
Balance surplus at Dec. 31
Such>loans are evidenced by promissory notes
bearing interest at the rate of V/2% per
between
the company and Chase National Bank, except
agreements were for a period of one year, and have been
to
a
date not later than 10 days after the sale of the
the
124,004,604
120,411,339
438,142
other income
expenses
depreciation—
_
Provision
July
debentures.
With
and
for
Interest
maturity,
1,
1949.
Company in turn has entered into credit
agreements with United and Iroquois Gas providing for loans from
the company
to these subsidiaries on the same basis as the credit
volume.
sales
program of
that, of Iroquois
and
In order to provide additional funds
program
of
these two subsidiaries, the
construction
days' notice.
to
annum
V. Gal-
at a rate of iVrfc, is for a term of 15 years, and is
additional working capital required by the expansion
loan,
construction
$5,000,000,
under date of June 26,
company
The
provide
of
.excess
1947
of America.
Insurance Co.
in
be
ETC.—The
PROGRAM,
was
Provision
prices
prices
in excess of $2,700,000.
time on
vin, President, on July 15 announced completion of a
loan agreement in the amount of $2,000,000 with the
Prudential
1947
sales
Cost of sales and
92,437,911
80,807
94,167
is designed-
1972,
including
1947, entered into a three-year credit
agreement with The Chase National Bank, New York,, for an aggre¬
gate amount not to exceed $6,500,000 at any time, with the right
on
the part of the
company to terminate the arrangement at any
.
Motorola, Inc.—Places Loan Privately—Paul
for
company
in
•
and
disposal of fixed assets
sale of wagon routes—:
Earns, per com. share
will
proceeds
for
"'.A1'
*
'
Delevan
Welding,
manufacturer of truck; bodies and automobile
convoy trucks, has been out of production about a month because of
a fire in its plant.
The motorette assets included a two-story building
with machinery and equipment.
(N. Y. "Times.")—V. 163, p. 3140.
;
net
Gas ,was
12 after producing about 5,000
1945.
Milford Lempke, President
of Delevan Welding, said his company w,ill not make motorettes, but
plans to use some of the equipment for manufacturing parts for the
vehicle.
to
1953.
CONSTRUCTION
July
production
halted
in
101.57
at
United
*
Motorette
continuing
at any time on at least 30 days' notice at
in 1949 to par at maturity. Sinking fund
part,
104.77
on
Net
used almost entirely in con¬
nection with the construction programs being carried on by two of
the company's subsidiaries, United Natural Gas Co. and Iroquois Gas
Corp. These programs were begun in 1947 and will continue through
1948 and the early part of 1949.
County
units since its start cf operations
in
or
PURPOSE—The
bid' of
creditors.
whole
ranging from
255,
167, p.
and
Inc.,
1 and July 1 in New York at office of Central
Co.
trustee.
The annual sinking fund, com¬
Trust
1953
3s;
$11,480,000 of 3% sinking fund debentures due 1973 by ma¬
Debentures will be redeemable at the option of the company,
turity.
1948
taxes.—V,
income
♦Before
in
&
for
retire
to
$980,503
698,200
$1.35
—
and income taxes—
Commop shares outstanding
—
Earnings per common share.
_—
Bank
mencing
Morrison-Knudsen Co., Inc.—EarningsNet profit after charges
100.4099
Interest payable Jan.
requirements on class A shares.—V. 168, p. 252,
•After dividend
Inc.,
on
Profit
Total
Co.,
Harriman Ripley &
101.817 for 3'/as; and White, Weld & Co., 101.7591 for 3VaS.
Dated July 1,
1948; due July 1, 1973.
$2.57
•Earnings per common share——...
as
Co.
&
-
$
.
123,896,523.
13,914
Sales
Profit
Further details follow:
awarded July 14 on a bid of 101.27.
Other bids sub¬
follows: The First Boston Corp., 100.89 for 3s; Halsey,
was
were
Stuart
201,554
5,217,147
$2.15
shares outstanding.
A
July
16, offered $13,500,000 3% sinking fund debentures due
Qiiarter Ended April 30—
1948
1947
1946
before Federal income taxes. $24,332,818 $20,290,140 $23,025,098
income
issue of July 19 Blyth & Co., Inc. on
our
.
„
June 19, '43 June 14, '41
$
Profit
Federal
—Jan. 1 to—
-
.
*
Pennsylvania Forge Corp. below.—V. 167, p. 2362.
J
CONSOLIDATED STATEMENT OF INCOME
National Cylinder Gas Co.—Acquisition by Affiliate-
Bank of New York has been appointed transfer
agent and the New York Trust Co. as co-registrar with respect to
1,500,000 shares common stock ($5 par)-V. 167, p. 2689*
fKe National City
Montgomery Ward & Co.,
Monday, July 26, 1943
electric
system
,
operated by the company as it will be consti¬
the series B bonds, Will include 10
tuted at the time of the issuance of
hydro-electric and one steam-electric generating stations which have
an
aggregate generating capacity (capability)
of 160,300 kilowatts,,
two large water storage reservoirs and over 1,112 circuit miles of
transmission lines (cpeiated at voltages up to 220,000), Which are
carried principally on steel tower structures.
The storage reservoirs
of the company are on thd Deerfield River; one known as "Somerset"
is situated at the source
of]the river in Stratton and Somerset, Vt., and
known as "Harriman," is situated in Whitingham and
Vt.
Somerset Reservoir has a useable storage capacity
of
about 2.498 million cubic feet of water,
equal to approximately
50 million kilowatt hours of generation, and Harriman Reservoir has
a useable (storage capacity of about 5.056 million cubic feet of-.water,
the
other,
Wilmington,
equal to approximately 81
million kilowatt hours of generation;,-
Tha
-
,i
■>
Volume
168
net
generation
kilowatt hours
Number 4719
ir.
1947
and
by
the
23
over
hydro
million
THE-COMMERCIAL
stations
kilowatt
hours
steam.
respective amounts
Halsey,
Stuart
of
&
of
name
the
were
million
generated
series
New York Telephone
by
B
$8,250,000
Inc.
Clayton
&
Pollock
&
150,000
Thomas
250,000
1,000,000
Co
Harold
E.
Co,
33,337,768
29,319,142
oper. revenues
93,880
51,436
Operating revenues—
Operating
expenses
250,000
Wood
33 243,886
&
Co.
Net
Uncollectible oper.
rev._
30,272
income
130,442
3,651,294
3,523,484
17,518,149
3,133,535
14,517,536
Thp
,
the
Investment
Mining
100,000
shares
$125,000.—V.
asked
Co.,
of
1.67,
the
of
of
-capital
2259.
p.
for
an
1940
affiliate
an
the
243
$1,276,827
'
3,521
$1,094,960
1,244
$261,373
$197,073
$1,273,306
$1,093,716
212,124
182,349
1,053,321
934,078
28,611
13,776
$20,638
$948
$98,425
$76,178
9,684
*8,807
45,268
27,554
oper.
income
after charges
121,560^;,
exemption
permitting
Curay,
stock
of
1948—Month—1947
1948—5 Mos.—1947
$8,649,530
$7,203,901 $42,564,346 $36,507,568
of
20,136
31,253
118,283
108,819
$7,172,648 $42,546,063
$36,398,749
by
Newmont
Mining
Corp.
v
Operating revenues—
Operating expenses—
Operating taxes
for
•
4,740,284
;
Telephone Co.—Earnings—
revenues....
Uncollect, oper. revenues
purchase
from
Sanray
under
83,460
154.
p.
Period End. May 31—
Operating
order
the
Colo.,
16E',
Ohio Bel!
SEC
Act
1948—5 Mos.—1947
$197,316
714
rev._
'Deficit.—V.
Corp.—Exemption Sought—
Company
Idarado
Operating revenues—_ $13,125,745 $11,430,673
$64,234,892 $55,746,464
Operating expenses
11,164,384
9,736,633
54,269,819
46,293,878
Operating taxes
868,612
876,086
has
company
Co.—Earnings—
1948—Month—1947
Net
17,465,476
15,871,357
9
(349)
$262,087
Operating revenues...
Operating expenses.
Operating taxes...
.
Newmont Mining
■
101,113
4,430,651
Uncollectible oper.
23,603,155
2,855,146
.
Co.—Earnings—
19,396
23,965,358
253.
p.
May 31—
revenues—-
267,734
Net
charges——
168,
513,297
»
1948—Month—1947
1948—5 Mos.—1947
$13,156,017 $11,450,069 $64,365,334 $55,847,577
revenues.—•_
after
—V.
Operating
163,896,747 141,312.053
4,729,280
100,000
168, p. 253.
Period End. May 31—
4,767,064
.
Period End.
$
29,267,703 163,383,450 141,044,319 '
21,014,942 121,899,943
99,975,688
24,825,528
Operating taxes—
Net oper.
New England Telephone &
Telegraph
Operating
revenues—-
250,000
&
Ohio Associated Telephone
$
Uncollect,
$500,000
——
»
1948—5 Mos.—1947
$
Co.,
Scribner
CHRONICLE
Co.—Earnings—
1948—Month—1947
Operating
Singer, Deane &
250,000
FINANCIAL
$
principal underwriter and the
bonds underwritten are as follows:
Wm. E.
Securities
Corp.
Fauset, Steele & Co.__
Mullaney, Wells & Co.
&
each
Co.
Inc.
—V.
586
over
Period End. May 31—
UNDERWRITERS—The
Otis
was
$8,629,454
6,463,553
5,507,795
31,579,143
1,141,746
„_
921,606
5,764,038
5,378,601
$743,247
$5,202,882
$5 117,186
719,425
5,247,073
5,024,691
25,902 962
*
Net
Net
-
income
oper.
after
$1,092,749
charges—
$817,954
629,991
$5,534,422
410,064
3,203,554
The
Stock Increase
Approved—The
stockholders
stock
to
It
tion
pointed
stock
of
14 voted
that
out
the
prepares
program
issue
July
to
under
now
although
for
way
way,
the
authorized
increase
an
date
in
financing
has
been
the
capital,
of
the
in
cessfully,
the
announcement
added.—V.
168,
voted
dividend
a
Aug.
share
totaled
1947
of
share on the
July 26. This
on Feb.
5 and May 5, this
share.—V. 166, p. 1054.
paid
$3.50
—V.
$2.25
holders
to
5
cents. per
per
per
record
of
for
market
after
168,
the
American Trust
Holders
price
North
entitled
are
improvement
of
sold
cents
to
Shares—Reinvestment Right—
share
Trust shares. 1956, as of June
30, 1948,
entire July 15,
1948, distribution of 40.4
the purchase of additional North American
Cost
the
by
1,031,223
154.
oil
oil
VW-'
Subs.)—Earnings—
of
1948
produced—bbls
at'
and
sales
and
refineries—bbls.
Provision
shares, 1956. The reinvestment price established by North Ameri¬
Depositor Corp. for the current reinvestment
period is five cents
its bid price
current at the
time
the right is exercised. Such
rights may be exercised during the
period
588,915
and
2,423,734
4,403,949
2,042,751
1,700,602
$12,447,155
$5,891,915
amortization
for Federal
July
The interest due Aug. 1 on- the first
mortgage 5% gold bonds, series
due 1956, and on the first
mortgage 4 Vs % gold bonds, series D, due
1956, will be paid on that date.
Payment on bonds represented oy
certificates of deposit will be made to
holders of record July 30, 1943.
The New York Stock
Exchange on July 16 directed that the bonds,
and certificates of deposit
therefor, be quoted ex-interest 2Vz%. and
1948,
both
inclusive.—V.
167^
15,
1948,
to
July
Net
31,
income taxes
income
Cash
dividends
48.
p.
paid
;
2,297,182
C,
•
2 V4
%,
of
respectively, on Aug. 2, 1948; that the bonds
deposit therefor shall continue to be dealt in
to
be
North Canadian Oils Ltd.—Stock
Offered—F. H. Win¬
& Co., New York, is
Incorporated, 23 Wall St.,
the bonds
Exchange contracts made beginning
1949, and subsequent coupons.
New
at the
office of J.
P.
York, N. Y.—V. 168,
Morgan &
in
New Roosevelt (Hotel &
—Seeks Addresses of
Store Bldg.), Pittsburgh, Pa.
Registered Security Holders
All
registered
trust
with
to
of
unsecured
income
debentures
redemption of the debentures
the
and
Commonwealth Trust
transfer
agent,
312
Fourth
Co.
Ave.,
liquidation
of
have
been
Pa.,
of
requsted
their
liauidating
dividends
its
on
Operating
general
revenues
oper.
expenses
♦Railway
Equip.. &
tax
ry. oper.
9,594,781
4,486,224
1,430,496
accruals-
jt.
$
fac.
rents
-Net
ry.
income-
oper.
income
11,740.433
36,397,856
Other
Total
23,795,022
deductions
Fixed
9,793,516
Net
^
income
"Inch
Fed.
5,309.678
1,561,223
12,232,278
769,513
750,490
inc.. taxes
tDeficit.—V.
167, p.
3,213,626
$126,63:2
2,809,318
income—___:
S.
income
17,301,649
17,253,100
13,029,566
.
1,696,805
$113,940
$667,110
adjustment
of
Railroadr Unemployment
Insurance
Inc.;
&
Co.
•("The issue was awarded
'..5 Harris.-Hall & Co.
Hornblower
'
on
(Inc.),
>
a
bid
96.08
Mullaney, Wells
Collins
"
"
2Vis;
Gross
received
Bro.
&
were:
of Rioad from
Receivership—
Billings
Shipbuilding:Corpi-r-Operations-^
undelivered" contracts:
on account of
1948.
6 mos.
.
in
1948
has
authorized
output
amount
company
facilities
$500,300 and will be financed
company
ak.ent
3%
in
Trust, Co,, New York,
NewxYork'for $10,000,000
bonds, series due July
the
week
&
1,
Y.,
has
been
undelivered
v..
...
.t'
•
'"•♦Estimated, contract prices "subject
'
■
■
to
adjustment;
to cancellations omcertain
terms and
conditions.—V.
'■■if.
•
■
-
?'■
Ib8, p. 253.
July
42,619,446
22,371,537
16,582,870
contracts
166, p. 306.
subject
$365,497
167;
Misc.
—V.
(&
opers..
1947
$1,370,635
$1,207,505
2.000,831
1,328,208
1,068,492
$92,164
$162,078
oper.*
Net
after
—V.
167,
income—_
$304,050
179
11,664
18,025
36,000
64,500
27,000
50,000
1,185
Crl97
CY360
$56,425
$96,214
$3,960
$71,348
615
5,318
$57,040
$101,532
1
•
Pacific
Corp.__
for
39^92
period
167, p. 1155.
'
*
profit
after
of
$884,971
$284,230
225,189
784,727
adding
May—
$3,885,408
$2,671,317
3,409,193
2,373,108
Net
from
Net
ry.
1947
1946
1945
$538,734
$301,422
$551,765
140,310
124,203
income—
56,591
50,679
oper.
from
•railway-^—3,105,833
railway--__
oper/ Income-.^
out
out
of
♦107,716
♦155,677-
$139,642
-
435,627
■.
18,923
-
2,689,074
580,710
:
82,807
1,622,961
♦512,804
228,557
♦761,588
v
167, pp. 2690; 2034?
-
2;558,51'1
477,359
that
to
since
the
the
reserve
beginning
for
$3.98
contingencies
1940
of
this year
(1948)
with
will
see
the
in
both
the
company
the expenditure of
has
improvement
President, said that
substantially the end
of
"it
of
is
the
estimated $6,500,000
approximately $7.50 per share. The
completion of this program will
give the company a
manufacturing plant the bulk of which ia composed
of the latest
available equipment and the
balance in excellent operat¬
ing condition.
or
,
.
an
"Under, these' circumstances it is
anticipated that the earnings of
company will be the essential
consideration iii
determining future
dividend action.
During this period, the financial
position of the
company has been
considerably strengthened as evidenced by the fact
that the- deficit of
$4,799,000 in 1940 has now been converted
into a
surplus of more than
$17,000,000/'
*
' '
"
The directors cn
July 19 voted an increased cash dividend of
$3 a
the
share
and
a
dividend
a
of
5%
of
in
record
cash
share.
.
will
•
capital
stock, both payable Sept. 15,
1, 1948. In lieu of fractional
paid calculated on the basis of a
Sept.
be
-
Previously this year the company - made two
payments of 75 cents
share in cash.
Dividends in 1947 totaled
$3 in cash and 5% in
stock,
while in
1946 cash dividends
aggregated $2.37 V2
and 5%
in stock.
—V. 168, p. 154.
'
a
Pacific Telephone &
Telegraph
Period End. May 31—
Operating
.The "company on July
16 filed* a 'letter of notification with
SEC for 49,600 shares 35c
cumulative preferred stock
(par $5)
49,000 shares of common stock (par 10c) to be offered
in
one
share
of
each
at
$6
per
unit;
Proceeds
working capital and other general corporate
writer, Aetna Securities Corp., New York.
v
Co.—Earnings—
1948—Month—1947
223,059
Official Films, Inc,^ New York -Files With
SEC—
for
$2,000,000
873,452
$6.22
earnings more than $21,700,000 for
properties, Henry M. Bliss,.
revenues
Uncollect, oper.
of
$44,394,400
" 3,479,900
1—
.♦Deficit.—V.
sisting
5,441,500
.
Pointing
value of $38
1948
From Jan.
taxes_____
■
1947
$56,958,600
873.452
1948, to stockholders
shares, an amount of
$670,431
.
-
1948
.
years.
physical
anticipated that
railway-—
railway—___
■
from
$72,421
-
Stock Dividend—
share
present plant
program
Northwestern Pacific RR.—
-EarningsGross
charges. &
Crl,68l
$43,488
.
shares
per
cog
Crl64
448,889
$5,964,938 $37,993,365 $30,432,086
5,176,307
29,571,602
24,390,277
504,401
4,536,355
3,370,492
2793.
$139,013
Cr261
taxes
(net)
results
'After
1948—Month—1947
1948—5 Mos.—1947 '
$7,888,779
$5,969,462 $38,097,481 $30,487,313
19,164
4,524
104,116
55,227
charges
p.
$42,427*'
before
its
Net
1945
$2,162,909
__________
aems
•-Net
Northwestern Bell Telephone
Co.—Earnings—
982,342
1946
$2,569,783
2,477,619
share
Earnings
$0.67
6,002,302
$0.64
Subs.)—Earnings—
Pacific-Mills—Earnings—5%
1948
—
$7,869,615
380,735
$1.29
1948
Six Months Ended
June 28—
sales *
spent
revenues J,___
$370,040
380,735
20,864
.value & cost of bonds
retired ___________—
.
p.- 2260.*
Operating
$61,7,094
380,735
...
share
surplus
other' adjusts.:.
Differences between
par
Number
Capital, shares outstanding
Earnings per share--
268,000
deplet.
Coast Cement
17,. 1948,
EARNINGS FOR THE NINE MONTHS ENDED
APRIL 30,
Net profit
—V.
203,208
66,096
429,100
of "general
appointed1 paying
.
$862,114
219,950
275,400
sold, oper.
income
Minority
Northrop Aircraft, Inc.—Earnings—
1
V*-'•
h
7,303,837
8,048,799
ending June*
•
fr. och.
rev.
on
principal amount of first mortgage
1978.—V.
$1,332,242'
$0.63
outstanding
common
Provision for Fed.
to
(Minn.)—Paying Agent—
N.
10,615
taxes
...
Profit from operations
& other int.
(net)
to- increase
out
ended
$851,498
32,059
62,009
Net
;
■
194G
$1,300,182
1791.
Cost of goods
(Del.)—Weekly Output—
for
1947
$919,184
debentures..
3 Mos. End. Mar.
31—
Sales of product's &
mdse.
of
$34,390,244 $64,990,983
27,086,407
on
1947
166,
Profit
of this
$31,-
.20,601
earnings
p.
Additional
the
1948
deprec.
income
Pacific Coast Co.
2562.
P.
to
$680,721
the
Construct
transmission
gas
Schroder
Net froni
• • •-•
-
At '
undelivered contracts! To
Gross value of
uncompleted work
".^•contracts:. At June
Billings: For
$610,323
and
Federal
shares
the
Co.—To
Northern States Power Co.
-
'
rNet
June 30—
;30r,—:
^
Gas
Commission
facilities is
166,
amounted
236,878
notes
for
per
.
Power
1947,
$939,785
on
Common
Net
Gross
of
223,926
58,796,000 kwh., as compared with 54,209,000 kwh. for the
corresponding-week last year, an increase of 8.5%.—V.
168, p. 253.
.
-
value
469,872
Net
$904,647
company's equity in consoli¬
Water Works Co., Inc. (a
subsidiary not
totaled
Co.,
^
New York
$1,080,194
$120,898
Northern States Power Co.
Alfred
of the
Six Months Ended
$181,272
60,374
include
operate ..natural
'Operating revenues —:
Operating expenses
Operating taxes
1—
Salomon
31—
Total
Depreciation
Provision
be
•
*
and
proposed
.
v
'<•
..
Interest
Co.;
&
and
Appelate. Court,, filed with the clerk of
the U. S.
Cpurt at New- Haven1 disposes of
an
action
in
which
Charles
W.
Mulcahew trustee of the Boston &. Providence
RR. Corp., challenged
Judge Hihck's order.—V.
168, p. 253.
-
•
.
Federal
Electric
.Federal .Judge Carroll
C.HlncJcs'.-.ofder discharging, the. -road from
receiyership; last Sept. has been upheld
by the Second Circuit Court
of Appeals.: :>
i
c,..
—
-
•
Natural
Uncollect, oper. revenues
finding
$203,758
$6,371
Hutzler,
J' Court Upholds Discharge
The
.
197,387
Period.End. May 31—
of 98.32.-Other bids
for
&
Pollack
& .Co.;
locomotives; seven 1,500 h.p.
Diesel-electric .passenger*
road
switching- locomotives;- two' '1,000
h.p.
Diesel-electric
passenger-freight road switching
locomotives; and 12 660 h-.p. -Diesel
electric; switching locomotives, r""---'
/
25,116
i
issued tp provide for
not more than 75%
cost, estimated at
$5,400,000, of the following new standardrailroad
equipment:. 15 2,000 h.p. Diesel-electric
passengerroad
the
guage
freight
freight
257,162
30,
Co.—Earnings—
and
Bear, Stearns"
Weeks; Otis & Co.
&
*
The certificates will
'.of
the
Tax.—
R. W. Presspricfr &
Co.;
are
Co.; Gregory & Son, inc.; Julien
of Michigan
Corp.; The Milwaukee Co-; Wm, E.
Int.; McMaster Hutchinson &
Co.;
i| 1
$647,485
439,674
$178,643
income
funds—V.
-
&
98.9213 for 2%s.
$640,521
24,900
April
2141.
p.
operations before
income
(net)
Other
deliverability of its pipeline from 390,000,000 cubic feet
daily north of
Clifton, Kansas, to, 425,000,000 cubic feet
daily. The estimated cost of
1948—6 Mos—1947
-
First
;'? O'Gara
$156,372
1948
802,933
$4.07
ended
272,944
h
__
30,
$3,455,304
Gain from
-
-
Co.,
Freeman
376,826
APRIL
share
Bond
$7,326,748 $54,027,482 $45,188,224
295,063
3,932,000
-2,257,563
♦Cr36,053
'
459,895
2,393,497 - 2,719,655
.1,687,840
569,246
7,844,100 * > 5,031,723
1,532 505 4 '
389,379
6,900,644
3,950,894
Associated in the
offering
Co.; A. G. Becker &
(Inc.);
176,470
68,369
ENDED
$48,085,675
5,759,304
months
Ending March
—V.
Facilities—
919,000
maturing $270,000 annually
Aug. 1, 1949 to 1963; inclusive.
The
certificates, issued
under the
Philadelphia plan, were immediately reoffered
f subject to ICC„ authorization, at prices to
yield from
^ L55% to 2.90%, according to
maturity.
•
225,660
165,
<sxps„ deprec.,
and taxes
$658,994
< New
York, New Haven & Hartford
RR.—Equipment
Trust Certificates
Offered—Halsey, Stuart & Co. Inc. and
associates won the award
July; 20 of $4,050,000 2^%
equipment trust certificates,
&
30,751
—i—_
deductions^
The
1948—Month—1947
V. 167, p. 2792.
?
53,956
MONTHS
(Including Wholly-Owned Subsidiaries)
-3 Months
excess
income
Northern
$9 483,230
income
"Includes
199,040
six
Oxford Paper
$163,750 and for the period Sept.
30, 1947 (effective date of acquisition
of control)
to March 31, • 1948 in
the amount of
$432,770.—V. 167,
p. 749.
•
•
;
taxes
Other ry. tax accrualsNet
ry.
oper.
income-
Net
192,326
the
133,874
47,699
SIX
outstanding
per common
for
576,125.—V.
1,182,741
192,294
consolidated), for the quarter ended March
31,
2581.
Period End. June 30—
.
1,364,875
31,245
NOTE—Net income does not
dated net income of American
10,749,268
New York Chicago & St. Louis
RR.—EarnirigsU.
296,481
_
income
construct
Gross
and
taxes
shares
Earnings
19,700,395
f
Sales
1948—12 Mos.—1947
61,116
44,726
THE
taxes
profit
Earnings
Subs.)—Earnings—
354,465
income
Income
8,951,127
15,041,596
1,777,757
___
(&
FOR
2,304,000
Net
9,000,966
1,833,758
charges
presently
financing
24,707,509
1,506,694
5,511,819 * 6,870,901
158,293
154,323
3,575,769
3,502,952
income
Miscell.
not
this
Corp.—Earnings—
$2,612,555
.
44,457,743
4,924,061
*
3,678,061
'_
is
of
$0.90 '
a
Profit before income
Income taxes
1259.
$2,992,501
taxes
Net
Other
and
proceeds
6,563,377
$1.90
Sales
1947.
3,
in
EARNINGS
completed
103,629
income
Operating
$
59,560,938 300,236,780 282,260,553
47,820,505 263,838,924 237,802,810
54,028,883
Oliver
.
1948—5 Mos.—1947
$
•->
was
$5,891,915
6,563,377
outstanding
share
report to the SEC discloses the
payment, in
advance of
maturity, of the 134% serial
notes, of which $3,000,000 1
were
outstanding at the close of last year.—V.
167, p. 2793.
it
$630,917
retirements._
profits
Gross
from
rev.
-
63,623,664
p.
well
well
one
$796,53'5
expenses
for
Otner
1948—Month—1947
$
Net
revenues
Including All Leased Lines)
oper.
the
167,
from
This
wells
any
that
oil
1948—3 Mos .—1947
Maintenance
common
RR.—Earnings—
Period End. May 31—
Railway
Railway
drilled
purpose.—V.
1.
Aug.
pump
contemplated
such
No.
of
Operating, adminis. and
Fed.
<
not
Dina
the
on
Period End. Mar. 31—
-
Prov.
New York Central
for
put
has
is
It
any.
used
production
Highwood
and
corporation
be
the
Northeastern Water Co.
present
outstanding
161.
the
as
1947,
and
$10,149,973
stock
common
company
Common
Pittsburgh, trustee, registrar
Pittsburgh,
6,
drilling
will
address, so that the interest and information in
connection with the
redemption and liquidation may be forwarded to them.
In
July, 1947, the company redeemed its debentures and commenced
the
payment
of
stock.—V. 166, p.
July
The
voting
Canada,
known
owns
—
or
Western
on
for common stock of New
Roosevelt Hotel Co. who
received their interest checks or
correspondence in connection
advise
and
holders
certificates
have not
The
The corporation
was
organized in Canada July 25, 1947, with an
authorized capital of 3,000,000 shares (no
par).
It is engaged in the
acquisition of oil and gas leases and the drilling of
exploratory wells
Co.
48.
p.
per
Pays Serial Notes—
stockholders.
of
payable
Earnings
offering 903,572 shares of com¬
mon stock (no
par) at 70c per share. Of the shares of¬
fered 28,572 are being sold for the account of certain
certificates
"flat," and
a
delivery in settlement
2 must carry the Feb. 1,
Interest on the bonds Is
Aug.
•
and
Balance
Shares of common
ter
<
1
y,451,498
above
New Orleans, Texas & Mexico
Ry.—Interest Payments
2,057,000
$46,083,068 $26,774,881
26,219,315
16,688,115
operating expenses
Depletion
Depreciation
7,505,000
2,529.000
Income.-
other
1947
8,640,000
processed
Net sales
American
reinvest
trust
per
crude
Trust
suc¬
~
Quarter Ended March 31—
Crude
can
be
$1,024,155
charges
p.
Ohio Oil Co. (&
Net
North
153.
p.
75
Payments in
year.
construc¬
determined
earnings
have
payable
with
income—
oper.
Net
authorized
the
additional stock.
Since for the time being the
company's stock has been below its par value,
will be necessary before further stock, can
of
.
stock,
compares
increase
equity
no
directors
common
$400,000,000 from $200,000,000.
was
capital
on
North American Oil Consolidated—$2.25 Dividend—
;
$4,712,302
2,674,824
•Net
units
will
purposes.
be
the
and
revenues
Operating revenues___
Operating expenses_____
Operating taxes_,__./__
28,203,218
117,768
28,085,450
22,517,892
2,683,224
con¬
used
Under¬
-Net
operating incomeNet after charges—.
—V. 168, p. 254.
2,884,334
2,151,648
1948—5 Mos.—1947
20,414,031
137,005,515
82,321
607,375
..
20,331,710 136,398,140
17 900,939
110,930,953
1,616,965
12,746,281
77,344,992
•
'306,842
77.038,150
65,759,747
7,010,073
813,806
12.720,906
4,268,330
419,444*
9,600,061
2,937,109
.
-
10
COMMERCIAL
THE
(350)
Corp,—Domestic Routes Claim
Pan American Airways
First Five Months—
must
urgently
is
United
connect
the System's terminals in the
required by this corporation.
Juan Trippe,
to
service
express
States
lower mail payments will result, he pointed out.
payer in
and transpacific service will soon
Trippe said, as soon as the new
fleet of 20 giant 70-ton Boeing Clippers is placed in service.
The first
two
Clippers of this new class are already in the air undergoing
license tests by the Civil Aeronautics Administration.
expanded
Greatly
transatlantic
Pan
by
offered
be
additional
American
fleet
postwar
of
20
40-passenger
new
Trippe told the Stockholders
that the
directors reported an estimated net income of $2,960,000 for the year
1947 after provision
for Federal income tax of $1,960,000 and after
finances,
Discussing
$1,000,000
reserving
'Mr.
estimated
against
1947
the
for
revenues
trans-
out that mail rate proceedings for 1947 are
the
Civil
Aeronautics
Board
relating
to
all
the
System's operating divisions except Latin American and that until
the
conclusion
of
those
proceedings the exact earnings cannot be
before
He
determined.
States
also
mail,
Describing
i
reported
the
28th
company's
that
the
of
of
South
to
As
(net)
Other
dividend
air
in
in
service
J-' The
within
since
the
Munich
and
services
first
have
have
importance,
service
Prov.
W.
the
the
the
by
proved
three
next
re-elected
Civil
years, has been
dividends
all
Aeronautics
United
fleet
Deficit
t$24*9,752
of
ten
directors
to
with
continue
since
the
to
'
Mr.
Hanes,
steamship carrier.—V. 167, p.
a
discounts
and
will,
>
(less
$6,074,841;
i
LIABILITIES—Accounts
wages, $235,885;
$361,450; Federal
payable,
accrued
>
several
other
has
its
on
the
of
one
in the
plant
ammonia
largest
chemical
plants
which
planned.
are
/
met the July 15 sinking fund requirement of
debentures, due 1964,
by purchases in the
purchases were made below the call price for
2%%
These
payment, the
$38,000,000.—
The Guaranty Trust Co. of New York on July 22 itiado a final
in liquidation
to holders of common stock, consisting of
share of 4% cumulative preferred stock of Pan American Petro¬
&
Transport
Co. for each
100 shares
of
common
stock of'
Pilgrim and 19 cents in cash for- each share of Pilgrim.
Previously,
sundry
$209,225;
taxes,
accrued
$6,361,526;
total, $39,-
payable,
accounts
Quarter Ended March 31—
some
sales,
Selling,
2581.
Gross
Other
and
gen.
82,961
franchise
Net
1
shares
Earnings
($195,000
in
1947)
in
selling,
general
and
'
•
expenses
2,966;999
2,503,620
14,223,139
12,485,845
$1,145,450
$828,525
$2,990,843
$2,136,6?2
686,267
592,724
2,961,234
2,482,735
481,122
529,457
3,404,949
ry. oper. s
(Cr)
$940,305
income
oper.
$765,258
19,314
17,426
93,685
$959,619
income
2,980,576
112,634.443
$3,434,558
$782,684
$3,528,243
deductions
79,873
$2,714,316,
211,734
827,821
3,411
17.116
17,237
Net
income
$682,463
$567,539
$2,683,306
$2,114,735
$418,030
$346,847
$1,649,107
$1,304,599
*Incl.
Fed.
inc.
taxes
582,344
167, p. 2137.
Pittsburgh & West Virginia Ry.—Earnings—
May—
Net
•
^Included
*
1948—5 Mos.—1947
$3,332,145 $17,213,982 $14,622,447
273,757
3,399
Gross
$1.94
1948—Month—1947
$4,112,449
charges
$2,857,788
1,470,000
$1.94
share***
Lake Erie KR.—Earnings—
income
Miscell.
$2,247,412
1,480,050
$1.51
1,480.050
Output--'
companies
1948,
Fixed
-V.
$2,921,177
each
oper.
Total
$4,812,723
203,935
1,751,000
t
outstanding
common
per
Other
117,940
1,345,000
t
150,000
for
made
revenues
ry.
$3,710,353
taxes
income
Common
Net
57,194
2,000,000
been
oper,
.
$4,755,529
taxes___
income
had
American
Pan
165, p. 2318.
17,
3l—
PeriOcl End. May
$5,172,887
*
Fed.
State
Pantepec Oil Co. of Venezuela, C. A.—Listing—
$3,627,391
deductions
for
of
the operating
of
ended, July
Pittsburgh
.
Railway
Railway
101,711
income
Gross
output
week
cility rents
$5,092,882
operations
from
share
served by this companj
totaled 252,953,000 kwh., as com¬
pared with 221,958,000 kwh. for the corresponding week last year,
an increase of 14.0%.—V. 168, p. 254.
\
the
Net rev. from
—
80,005
profit
Prov.
The New York Curb Exchange on July 21 approved for listing
12,996,572 American
shares
representing bearer shares of
common
.'capital stock, par value one bolivar.—V. 167, p. 2690.
436,414
expenses*
income
Other
V
admin,
one
Pilgrim.—V.
"Railway
tax
accruals
Equipment and joint fa¬
1947
1946
$9,395,505 $11,581,962
4,889,734
5,987,721
289,280
175,706
589,099
663,004
1948
v
less returns and allow. $12,859,893
Cost of goods sold, excl. deprec
6,935,278
Provision
for
depreciation**
395,319
Gross
of
of
Pioneer Service & Engineering Co.—Weekly
Electric
for
•
342; earned surplus, $10,760,848;
of
shares
,
stock in treasury (9.931 shares), Dr$ 163,total, $39,414,826.—V. 167, p. 1155. '
common
four
and
salaries
minority interest in subsidiary company,
$1,856;-cumulative 4'/2%
preferred stock ($100 par), $10 000,000; common stock (450,000 no par
shares), $7,912,817;
distribution
a
taxes on income, $2,155,387; reserves for possible
losses,
$1,000,000; <; insurance
reserves, ;$579,174; :
inventory
future
disap¬
for
is
leum
.'i
-
reserve ; io^tipubtfuimiscellaneous accounts,
charges to operations, $628,127;
•'
V"
*
'
•••;
deferred
$1,247,857;
414,826.'
(Venezuela)—Listing—
»
receivables
$200,124),
of
1948
Cumul. Pfd. stock in April, 1948)
receivable, $74,182; employees accounts receivable, $73,096;
finished •
goods and work in process, $2,120,196; materials and supplies, $6,338,- .
061; investments and other assets, $1,166,515; capital assets, at cost or less
(less reserve for depreciation of $12,837,979), $14,337,976; good- -,
bolivar.
*
MARCH 31;
BALANCE SHEET,
planes
was
nitrate
Pilgrim Exploration Co.—-Final Liquidating Dividend
Nil'
tSurplus.
ASSETS—£ash, $7,353,9^51
items
the
exception
serve
Etter
at
sinking fund purposes of 101.
With the sinking fund
outstanding amount of the debentures is reduced to
V. 168, p. 254.
440,069
^
Works
ammonium
new
a
one
:
all-cargo
440,069
$0.82
build
distribution
(Giving Effect to the Issue of 4»/a%
Tokyo
inaugural
and
■;
the
of
market.
open
$1,251,020
440,069
Nil
share
common
CONSOLIDATED
Pan
to
States
per
"Profit.
to
the
—-
outstanding
shares
Earnings
The New York Curb Exchange on July 21 approved for
listing voting
trast certificates for 5,993,444 common capital shares, par value one
v
—*
Ordinance
company
$500,000
$1,083,083
57,921
110,0-17
$871,826
_
*$415,810
56,041
110,017-
(Chas.) Pfizer & Co., Inc. (& Subs.)—Earnings
Board
Pancoastal Oil Co., C. A.
}
$702,042
59,767
110(017
also
Ordinance
Cactus
will
Cactus
addition
This
110,500
308,000
69,000
1
dividends
Common
director and chairman of the Executive Committee
a
incorrie taxes*
the
and
has leased
Phillips Chemical Co.
program,
Debentures Reduced-
20,512,513
29,913,966
35,301,557
new
basis
Panhandle
Etter.
the
$34,668,515 $30,637,776 $19,539,930
—
__
Fed.
est.
Common
months.
application
States Lines,
•bf the United
—
loss
Preferred
Mr.
year,
was
the
additional
an
whose
Hanes,
-
expenses
for
Net
the
in
added
extended
said,
he
between
of
been
been
^
place
stockholders
John
and
Cost
-
-
income
Total
1947
Africa.
to
a
income
current
completed
1948
1947
1946 •
$34,666,254 $30,620,119 $19,536,953
2,261
17,657 >„
v 2,977
3 Months Ended March 31—
performance, Mr. Trippe told the stockholders that,
during the first five months of 1948 gross commercial revenues for
Pan American Airways
Inc., have increased approximately 16% over
the corresponding period in
1!?47.
Clipper Cargo alone, he. said, is
up 30%
over
the first five months in 1947, and arrangements have
been
Subs.)—Earnings—
Pet Milk Co. (&
:
six
new
particular
direct
first
Union
33%
first
opened
Delhi
that
and
Of
by
the
During
services
new
Brussels.
and
increased
out,
Trippe reported
American routes
Rate Incr.—
.
Sales
long-term
a
the
of
plants in
(he world and will be used by the company to produce ammonia nitro¬
genous fertilizers.
It is expected that present plant capacity will be
doubled from approximately 70,000 tons annually to more than 140,000
tons.
Under the lease agreement, the United States Government may
purchase products from this plant for its foreign relief export fer¬
tilizer program until June 30, 1952.
The company plans to divert the
production of these facilities to the relief of our domestic fertilizer
shortage as rapidly as the Government's foreign program is reduced.
The company's plans for the future also include the acquisition of
a
large site on the ship channel near Houston, Texas, where a plant
will
be built for the
manufacture of ammonium
sulphate, another
important type of fertilizer.
This site is of sufficient size to permit
15, 1947 to and including July 15, 1948, and $1 per share in preceding
quarters, together with extras from time to time.—V. 166, p. 1894.
transport of
to $121,000,000, Mr.
monthsof this year, he
Stated, the company further improved and speeded up services. Many
passenger
and cargo tariffs were also reduced through economy of
mass, operation.
United
at
The directors on July 16 declared a quarterly dividend of $1.50 per
on the capital stock, payable Oct. 15 to holders of record Sept.
21. This compares with $1.37V2 per share paid each quarter from Oct.
share
iajnount of 25 cents a share was'paid on June 21, 1948.
; 1gVoss
commercial
revenues,
excluding payment for.
TfipPt pointed
on
Vice-President
W. McCullough has been appointed
G.
Manager.
nucleus
a
Texas
.
(
mails.-'
pointed
Trippe
to
'
•
General
As
Mr.
$0rtati0n of United States
pending
and
those
to
Mr.
300-mile-anhour Clippers
built by Consolidated Vultee is also currently being
delivered to Pan American to expand and improve the Latin Amer¬
ican services of the System.
The 40 ■ new Clippers all soon to be
delivered will add 45 % to the seat-capacity of the System's fleet.
An
12
Peoples Gas Light & Coke Co.—Dividend
Presi¬
told stockholders at the annual meeting on July 15.
Improved service
to
the
traveling public,
substantial
operating
economies to the System and resulting economies to the U. S. tax¬
dent,
550.
p.
Vice-Presidents.
include all principal and unmatured in¬
or
rejection of tenders will be mailed
making tenders. All accepted bonds
the trustee on or before Aug. 23, 1948.—V.
to
acceptance
Aug.
surrendeied
be
167,
of
than
later
price
flat
a
Notice
terest.
not
Authorization from the Civil Aeronautics Board to operate domestic
at
tendered
Urged—Gross Commercial Revenues Increased 16 % in
Monday, July 26, 1948
FINANCIAL CHRONICLE
&
1947
1946
1945
$724,393
$579,892
$329,762
$648,491
259,261
143,592
28,360
328,213
169,911
94,974
14,664
187,684
3,315.604
railway
railway
ry. oper. income
Net
administrative
1948
from
from
■
Parker Appliance Co., Cleveland, O.—Buys New Plant
^
t^iThe
late
square feet of
•Boulevard
In
^Municipal Airport
craft
and
The
,to
and
North
American
building
and
i
high
new
stock
?
admi^i
the
to
plants
to
Mr.
tube
the
of
to
receivable
market,
42,000
of Douglas
company's
to
the
valve
requirements of the
Canada—Listings
record
Aug.
1948. See
23,
latter company
Mines
&
Enterprises
shares
of
its
of
subsidiary, Patican Co., Ltd.,
share
one
of
Patican
on
each
a
of
Inc.—To
shares
ended
168, p.
Patican Co., Ltd., was
organized
active interest in various
stated
was
to
its
share¬
all
of
Patino
(Canadian
date
from
law
675,000
charges,
in Canada in
in order to
1945
private
a
of
to
a
public
stock
common
company,
outstanding
outnut
this
of
Present
holdings,
•corporation's
and
mining
take
funds
include
221,183
shares
Period End. June 30—
*Net
the
for
Debt
about
income
65%
of
NOTE^-Startlng
the
15%)
formed
of
T t'
trh-^e largest
interest is in the Kerr-Addison
Mines, Ltd.. 30,400 shares of International Nickel Co. of Canada,
Ltd., 10.000 pha"'- ■>* T»"k-Hn-»hes ^old Mines.
Ltd., and miscellaneous
smaller investments in Canadian
mining companies.
An application is
being made to list the Patican stock on the New
York Curb Exchange.—V. 167, p. 945.
"
•
/1947
1946
42,373
Class
A
5.650
5,002
Class
B
9,000
9,000
"Earns,
$30,439
5,979
501'
10,573
$36,620
9,219
71
9,186
V.
167,
to
Jan.
amount
the
$13,386
$18,142
$26,497
30,574
514
Net
Substantial ' increaises
first
the
mouths
five
in- the
of
1P48
sales; bf.
were
McComas, Executive Vice-President,
The
stockholders
at
Gain—
special
Corp. stock it
acquired.—V.
February
over
Gross
from
Net
*
from
Net
ry.
railway
oper.
$754,844
$938,275
*11.052
*18,174
"■308,637
*243,853
*201,587
176,763
*52,471
1—•
from
ry.
$876,184
*49,817
income—..
railway
Net from railway.*
Net
1945
$9r.'3,132
*
1946
railway
From Jan.
"Gross
'
1947
oper.
income
4.006,520
*
3,769,301
708,f 54
*538,150
*1,853,320
*1,607,625
3,445,506
*518.578
indicate "a healthy trend."
- •
sales iigures for June 1°48. Mr. McComas pointed out,
with June last year, indicate a gain "very appreciably
greater than for the first two months of the 1948 quarter.'
The
gains were confined to the domestic business, as "exports are about
at the level of a year ago."
Explaining that larger inventories of tobacco, Pnished goods and
revenue
stamps will be needed to handle the increased sales volume,
he said, "The strong financial cond'tion of the company permits us
•to easily .care for this growth in business by means of
short-term
financing."—V. .168, p. 50.
*672,514
Chemical
'the
it
Sought-^
fir*t mortgage bonds due May 1, 1953, to
exhaust the sum of $50,591. All such bonds
an
of
-v
e
be
this
July
on
of conducting
as
company
.
have
been
well
as
its
14.
Activities
expanded
through
Co.,
for
the parent s chemical and synthetic rubber
fuiih'icifrtype carbon b'ark operations, now
handled by another whollvrWnejl subsidiary, Philtex Chemical Co.
Key Officer's of Ph'llips ChetoMl'Co. are Frank Phillips, Chairman;
S. Adams. President; 'RoS^nv" Thomes. Execut've V"ce-Pres:dent;
K;
c
and
Paul
Endacott,
Don
Efnefy, 'G. G.
Oberfell,
and R.
$507,000
$1,867,000
178,000
203,000
708,000
808,000
$268,000
$304,000
t$l,159,000
f$l,349,000
.
$2,157,000
shares
outstdg.
160,000
160,000
160,000
160,000
shares
outstdg.
362,828
362.828
.362,828
362.828
$0.50
$2.00
$0.62
$2.31
per
class A
sh.
$0.50
per
class
sh.
$0.52
B
participation
directors
declared
cents
per
July
on
15
dividend
a
of
record
share,
decided to
of
25
cents
$2.00
$2.33
capital
gain ol
16,
1948.
made
on
Powers Oil
C. Jopling,
quarterly
dividends
share,
March
payable Sept. 1 to
previous payment,
also
1948.
The
1,
each
cents
1926.
Quarterly Divs.
inaugurate
per
Aug.
was
made
were
'
March
on
1.
.
Drilling/ Inc., Casper, Wyo.—Files With
\/
;
SEC—
..
The
SEC
25
company
for
July
on
shares
800,060
cents
share.
per
filed
14
(25c
Underwriter,
letter
a
par)
of
notification
stock
common
to
be
John G.
Perry &' Co.
be used for drilling operations.—V, 167, p. 1475.
.
subsidiary, the Phillips Chemical
The new unit has been organized
wholly-owned
a
announced
purpose
operations
amount
should
of
'
'"the Trenton Trust Co.,
trustee, 28 West State. St., Trenton,. N. J.,
on or before
3 p.m
on
Aug. 9. 1948 receive bids for the sale .to
It of. extended 4%
activities
formation
was
the
,
•will
P»BUfflcieht to
A
Phillips Petroleum Co.—-Expands Chemical
400,816
*1,398,472
Peoples Brewing Co. of Trenton—Tenders
.
approx'mately 10%
These figures, he
comparison
4,171,670
1948—12 Mos.—1947
$446,000
——
stockholders
Provident Mutual Life Insurance
New rates based
on
with
offered
Proceeds
v
(
the
at
will
ifi
Co. of Philadelphia
the CSO
Mortality Table have had no appreciable
insurance, according to figures released July 16
by this company.
Paid sales for the first six months, of-; 1948
amounted to $56,400,000 as against $56,200,000 in the
corresponding
effect
on
period
of
the
sale
tion
-r^V.
Total
year
167,
force
increased
from
U,264,300.000
the field
purchases
.
•
./
investments
new
such
of
against
to date as
p.; 1926.
of
bonds
amounted
the
mission,
of
State
and
to
the plan,
with
the
corpora¬
$34 300 OOO
Split-Up Stock
Indiana
authorization
of
stock
on
a
2-for-l
it will be necessary to
Commission
obtain
in
"
outstanding* common
consummation
'from
to
$12,600,000 for the first half of 1947
The company. oh 'July ; 19
filed
Commission
an
application seeking
its
the, beginning
occurred
Public Service Co. of Indiana, Inc.—To
split
at
$1,294,200,000 at the end of June.
switch in
bonds.
the
*
in
the year to
Biggest
of
1947.
Insurance
of
for
'•Deficit.—V". 167, p. 2690.
'
and March 1948. the sales gain .was
previous year's rame period, he said.
-3 Mos.—1947
1948
Portsmouth Steel Corp.—Inaugurates
The
and
Preliminary
in
Pennsylvania Reading Seashore Lines—Earnings—
1948
the
April
continued,
158, p. 1074.
/May—
for
:
Directory
•(Includes a non-recurring
basis.
$90,000 in 1948 and $113,000 in 1947.—V. 165, p. 2675
Philip, Morris, cigarettes, for
reported .on July 13 by O. Parker
at the annual stockholders' meet¬
'V5:
'■ V'.-* t'-'''
and May 1948 showed a 12% gain over the same
months of last year, wh:le in the preceding three months of January,
Sales
meeting held late in June approved
the sale of control of this
company to Tube Turns, Inc., Louisville,
Ky., which is owned jointly by National Cylinder Gas Co. and Girdler
{•Corp.
Tube Turns, inc. paid $14.77 per share for the
Pennsylvania Forge
a
profit
*On
ing.
Pennsylvania Forge Corp.—Change in Control—
•..• „
income
In 1947. distributions of 25
Sept. 2 and Dec. 22.—V. 167, p.
Gold
*•'
$0.45
1697.;
'•
'
25
750.
P.
$204,000
$0.60
p.
11,140
1, 1P48 the eh-rge for depreciation is con¬
allowable for Federal income tax purposes.—
Philip Morris & Co., Ltd., Inc.—Sales
$2i2.920
Co.—Earnings-
$68,726
-
$0.24
•
before
20,293
,
$111,000
profits taxes
Inc. and profits taxes**
39,412
expense*
J
$0.39
and
6.795
_________
nature.
anv
(approximately
Net
taxes
1948,
1948—6 Mos.—1947
(jharges ^nd Federal.jincome taxes.—V.167,
Poor &
52,159
charges
discount and
6,268,768
Harry MacCallum, Jr., Vice-President 0f P«abody. Tyner & Co., Inc.,
dealers * of
Mount
Vernon, N.
Y., has been elected
a
167, p. 1475.
89.706
*
16,
director.—V.
122.863
—
July
total
%
tf-
$211,847
,
to
Plume & Atwood Mfg. Co. (ConnJ—New
Profit
Earnings—
*.*--;
that
$176,040
*
•After
124 041
*
have announced
1948—3 Mos.—1947
earnings
(net)—
Earnings per share*—
$216,508
expense
earnings
Income
Anglo-Huroniai
:
underwriters
Co.,
•
"Earns,
Net
037,181
investment
subsidiaries
its
1948
»
having at this
of 1,000,000
1,295,364
fl
Plough, Inc.—Earnings Show Gain—
$233,727
revenue
taxes
Depreciation
with
out
activities of
representing the investment of
f>"d
cmvavv
Interest
in -exploration
&
for shares of stock of the Playboy corporation
/shares from 132 brokers.—V. 168, p. 254.
July 17* 1948 amounted to 134.017,000 kwh., an increase
kwh., or 3.6%, over the corresponding week last year.
254.
Maintenance
3,401,909
20,382
167, p. 2472.
Tellier
accrued
_
engage
18,945
orders
for
3 Months Ended March 31—
Gross
The letter said that at this date the mining interests- of Patican
Co., Ltd., are concentrated in stockholdings rather than direct opera¬
tions, but the corporation is empowered alone or in association with
to
459,933
payable,
other
reserves
Operating
Patican
shares
725,094
Playboy Motor Car Corp.—6,268,768 Shares Sold—
for depreciaetc., at cost (less
total, $44,521,473.
reserve
$184,909;
Philadelphia & Western RR.-
Shares of $2 par authorized.
Others
(less
trademarks,
the
Mines
mining operations in Canada.
has been changed in
accordance
that
2,594,769
641,832
1,643,313
(1,069,450
income—
oper.
period End. Mar. 31—
23,
of
electric
Operating
an
It
equipment
patents,
deferred
$6,949,108;
4,642,000
—V.
.held.
:
—V.
Philadelphia Electric Co.—Weekly Output—
The
Canadian corporation, at
two
ry.
railway
railway******
from
Net
S.
1—
from
Net
U.
^
below.
Consolidated,
company on July 16 announced it will distribute
on or
about Aug. 28 to holders of record Aug.
rate
$13,798,128;
Exchange 6rl Jiify '2it. authorized ' for listing,
holders
•the
and
machinery
$2,621,540;
penses,
Distribute Patican Stock to Its Stockholders—
The
1948
dSpfcsits, $10*260,$29;
demand
$1,106,878; accrued Federal taxes
taxes, wages, salaries and ex¬
contingencies, $1,123,019; reserves for
deferred compensation, $337,003; reserves for repairs and replacements
of
leased
property, $30,000;
cumulative preferred
stock
($100 par
Value), $5 000 000; common stork ($1 nar value), $1,500,000; paid-in
surplus, $4,890,411; earned surplus, $21,482,214; 'reacquired common
stock
(19,950 shares at cost), Dr$518,700; total, $44,521,473M?!; 167.
p. 1475,"■
"
income;
on
aircraft
week
Patino
.
Gross
$4 169.241; inventories, at lower of cost or
miscellaneous investments and deposits, $788,650;
$2,706;
amort'zation),
Air¬
155.
p.
SHEET,'MARCH 31,
From Jan.
t-.
to
n
of
$8,687,014;
bu'ldings,
$7,533,614),
addition
gate
new
.
reserve),
t'on,
dealings at a later date, 675,000 shares of capital
be distributed to shareholders of Patino Mines &
Enterprises
Consolidated
(less
land,
Century
Angeles
on
Los
Taylor said, in
couplings and
meet
168,
Patican Co., Ltd:/ Toronto,
•and for
approximately
foot frontage
and
>•
,
and
LIABILITIES—Accounts
valves
Program.—V.
•r.vi*'®N',/New/Ti>fk •
close
flared
of
check
pressure
Aircraft
covers
375
adjacent
operations,
production
will include the manufacture
70-Group
a
hand
on
.■*
municipal1 -securities, at?- cost, $2,583,496", U. S. treas¬
ury savings notes, series C. at cost plus interest; $4,046,400; accounts
Aviatibh.
expanded
increased
valves,
the
(M'nes Field
company's
an
1941,
a five acre plot having
the
industrial
distr'ct
in
ASSETS—Cash
Government
•.
^
BALANCE
CONSOLIDATED
manufacturing facilities of this company's Pacific Division will
shortly be doubled, S. B. Taylor, President, said on July 15. in
announcing the purchase of the Los Angeles, Calif., plant'of-Air Asso¬
ciate's, Inc., of Teterboro, N. J. Consideration was understood to' be
in excess of $300,090.
'v
'-very
^•'•Completed
/
expenses.
and
approval
the
by
Securities
the
secure
Public
Service
a
proposal
to
basR.
Before
authorizations
and
Exchange Com¬
shareholders of necessary
x>x& *MU»aiwiir<a»r
Volume
THE
Number 4719
168
company's charter. It is presently expected that
the shareholders will be held on Sept. 28, 4948.
is effected, it will not be necessary for any
shareholder
to surrender his existing certificate. Without
action on
the
part of the shareholder, the company will issue an additional
fully-paid and non-assessable share of common stock for each share
of such stock held of record at the close of business on the day the
amendments
If
the
charter
to
the
meeting
special
a
stock
Period End. May 31—
Operating
Operating
To Pay Larger
of
Sept.
$2,238
stock
Indiana
of
of
&
Gas
stock
for
each
the
H
on
>
:
•;
Sept. 1, dividend on
14 will receive the
•
YY
•
v
'
.
cumulative
to holders
of
record Aug.
and
Gas
Postponed—'
Net
168,
3,307
3,270
20,514
19,249
$62,852
$41,097
$337,533
of Stock
Co.—Sale
'
•
168
33
_
net
30
12
30
$62,846
from
to
earned
$41,068
$337,689
America National
25,000
16,660
137,000
71,800
inc-
$37,846
168, p. 51.
.'
-
(Including
;
Net before
cisco, Calif., has been appointed as co-transfer agent for the common
without par value, effective as of July 15, 1948.
The Bank of California National Association, ..Seattle, Wash., will
continue to act as transfer agent for said stock in Seattle, Wash.
—V. 168, p. 254.
Total
Period End. June 30—
Total
of
527,888
3,990,597
585,624
17,698,918
497,178
20,519,313
3,024.424
$233,318
$682,798
$4,672,347
$4,746,197
All other maintenance—
3,488 177
100,450
Conducting
4,112,639
General
car
opers.—
$1,407,363
442,000
780,500
$418,048
136,500
57,000
•\
$570,379
$620,863
Balance
628,100
the"
will
Unexpired
$0.91
$0.99
Reading
Certificates
be
Philadelphia,
dated
Sept.
1,
semi-annually March 1, 1949-Sept.
to
up
1948,
and
Corp. (formerly Reece
Co.)—Consolidation Planned—
Noon.. (EDTi,
will mature
expenses
James
also
Whitehead,
to
A.
succeed
Holmes,
been
elected
revenue
revenues
Total
expenses
298,748
318,664
2,111,248
1,661,417
$55,358
$68,769
$449,831
354,106
—
-r.
387,433
L.
Daly,
of
the
2,142,136
$567,449
of
the
revenue
Taxes
net
$288,676
revenue—
accrued
Operating
$751,567
$5,122,178
$5,313,647
180,082
603,384
3,322,682
3,641,954
.
income
$108,594
$148,183
the
of
since
Board
Co.,
157,
$1,799,496
$1,671,692
shares
Earnings
per
has
Depreciation
$644,795
377
Depreciation
adjustm'ts
168, p. 50.
'
—V.
•
$648,783
NOTE-^ormachmnical
mrdtr.
Quaker City Cold Storage Co.—Reorganized—
to
Quaker City Cold Storage Co., Inc., below.—V.
167,
p.
company
cash
<except
transferred
The
U.
the
to
assets
by
District
Maurice
Kendall,
A.
the
properties
the
of
Court
for
the
new
All
Co.
have been
has commenced
trustee)
company
District
of
Pennsylvania
first mortgage indenture to be made
the plan, has designated Girard Trust Co.
to be trustee thereof, and has also approved a form of voting trust
agreement to effectuate the provisions of the plan, relating to the
approved
toy the
new
a
voting trust
the
the new company! has been delivered to the voting
the voting trust agreement has been executed and is
stock
of
trustees,' and
in
1948,
force.
has
Court
accordingly
authorizing
company
the
provided
as
now
distribution
in the plan,
entered its order dated June 17,
of cash and securities of the new
on
surrender of the debtor's out¬
standing first mortgage bonds and class A stock to Girard Trust Co.,
the
agent, Broad and Chestnut Streets, Philadelphia 2, Pa.
plan of reorganization the holders of each $1,000 first
exchange
Under
the
5% bond due Nov. 1, 1953, are entitled to receive in ex¬
change the following: $100 in cash, $600 new first mortgage 4% bond
tnortgage
due
May
1,
share
Each
exchange
and
1973,
one
of
100
new common stock.
class A stock is entitled
shares
outstanding
share
Lieut.
has
of new
receive
to
in
stock.
common
and
ttand,
been
V.
167,
of
the
surplus
surplus
Burns,
of Baumgartner, Downing & Co.,
Baltimore, Md., has been elected a director of
organized company.
Period End. May
Net
985,388
stock
Other
483,310
$0.55
Total
Cost
1,005,383
;
1948—5 Mos.—1947
$5,233,244 $4,766,268
4,956,596 j 4,773,640
*$70,890
$276,648
♦$7,372
*4,727
465
*52,078
$44,668.
$277,113;
*$75,617
20,345
• Operating
income
Ordinary income—Non¬
Gross
*
"
■.
259,068
*$59,450
39,311
$183,451
$316,424
$228,426
19,374
Profit
scientific
'■
11,287
97,077
56,523
$45,639.
N$t ordinary jncomeincome
inc.
in'
.
"
!n
JNet
(Cr)—
(charges)
'
$171,903
95,595
59,980
$219,347
$172,164
93,468
9,838
21,684
-
iTom
69,098
$161,161
$243,717
$207,518
64,300
121,799
93,500
"
■
...
*,
f
Int.
from
General
as
net
Net
division, with head¬
research, Norwalk, Conn.—
to
$33,793
17,050
inc..
,
transferred
earned
!^)eficit.--v.
surplus—
-
168, p. 255.
$114,018
$121,918
$96,861
$16,743
share
one
of
5%
profit
earned, cash disct.
per
Involving Bonds
18,691
125,151
1.750,000
1,200,000
$3,830,771
$2,531,410
4,000,000
4,010,000
$0.96
$0.63
—
.
purchases & misc. inc.
§erylce Commission's
volving
a
before
case
The
bond
the. Appellate Division
PSC
as
a
charges
bonds
$4,532,678
$3,277,160
5,321
399,200
and
amortization—
3,700
30,826
35,435
1,592,000
$1,729,813
_
shares
outstanding
$2,507,776
1,286,916
$1.85
1,286,916
share
■
PSC to.-bring
for
>;.
:
4
4.
-
condition
to its approval of a $23,500,000 stock and
directed the utility to revise its depreciation,
The company appealed to the Appellate Division,
and
plant
third
reserves.
department.
for
"further
The- Appellate Division ordered
consideration."—V. 167, p. 1927.
Rochester Telephone
Operating
the
case
back
to
Corp.—Earnings—
1948—Month—1947
1948—5 Mos.—1947'
-
$709,534
$708,731
623,880
563,576
114,161
92,258
$84,138
57,436
Uncollect, oper. revenues
$823,614
1,435
$822,179
revenues
$52,897
$255,504
$357,306
25,774
123,361
225,234
803
$3,857,365
6,136
$3,523,877
4,128
$3,851,229
3 130,007
$3,519,749
393,767
1,112,000
Income
again
issue by Rochester,
PSE
$4,225,117
307,561
80,505
dismissed the New Yqrft
appeal from $ lower court decision in¬
proposed stock and bond issue by R6chester.
The State's highest tribunal, however, authorized the
1947
$3,196,655
on
Stock Issue Dismissed—
The New York Stats Court of Appeals has
Public
$2,880,843)
NOT
315,812) STATED
sales
Depreciation
on
"
$3,756,561
,225.000
advances.
(est.)
outstanding
share
previous, decision'.
1948
profit
Miscellaneous
taxes
,
shares
Period End. May 31—
Total
invest, and
on
income
■«/*•
.
'
■
$5,824,462
Rochester Ga$ & RIectric Corp,—Commission's Appeal
cumulative pre¬
the
$1.25
Operating revenuesOperating
expensesOperating taxes
Net oper.
Net
income-
after
charges—
168, p. 51.
—V.
Rhode Island Insurance
According
to
Stewart
B.
2,644,351
*465,718 ^
518.092
Rudd-Melikian, Inc., Phila., Pa.—Initial Dividends—
Co.—Merger Planned-
Hopps,
Chairman,
the
directors
of
The
companies,
common
the
directors
of
management
Rhode
Island
the
for
stock,
liabilities of the other two.—V.
companies,
which
have
operated
the past several years,, had agreed
should absorb all of the assets and
company
the
on
\
said
Hopps
under
directors
July 14 declared initial dividends of $5 per share
and
of 75 cents
per
share on the class B
Aug. 11 to holders of record July 14.
The corporation,
manufacturers of Kwik Kafe hot coffee vending
machines, was incorporated in Pennsylvania on May 31, 1946.
Its
manufacturing plant is located in Philadelphia, Pa., and its coffee
dispensing machines are installed in factories, depots, warehouses,
hospitals, department stores and sports, areas throughout the United
this
company, of William Penn Fire Insurance Co. and of the National
Insurance Co. of Denver have taken steps toward merging the three
164, p. 3149.
Folke
Becker, President, states:
sales
$4,702,008
16.77%
The
rise
increased
the
for
6
due
■ was
increase
the
that
for the
in
cost
net
same
'
totaling
$5,839,473
class
both
on
A
stock
payable
Ryan Aeronautical Co.—Earnings—
*
as
CONSOLIDATED
compared
APRIL 30,
months
sales
of
Radio-Keith-Orphcum Corp. (&_ Subs.)—Earnings-*
was
Net profit after charges and taxes
shares outstanding
Earnings per share
—V. 165, p. 2457.
entirely offset by the continuing
labor, transportation, etc., with the
totaled
$706,473 as compared with $668,859
period a year ago.
;Y
'4,,:
recently entered into an agreement with the Great
Common shares outstanding
Earnings per common share
>-Y. 167, p. 2137.
,
-
\
;
,
reimburse
interest
$1,345,327
3,899,914
$0.34
——'
all charges
time
with
$2,270,683
3,899,912
$0.58
;
,
1
i
,
tract
with
at
50,410
401,493
j.
$0.12
Safeway Stores, Inc.—Current Sales Increased 15.1%
advances^ to
of
this
pulp
Great
making
Period End. July 10—
Sales
Lakes
Rhinelander
4%
per
for
annum.
funds
The
advanced for
last
its. construction,
principal reason
for
this
con¬
Canadian; operktor .is the fact, that the Province of
Ontario
has embarked upon a
policy; of' reducing progressively the
amount of wood allowable; for
exMtt!W'the:United States.1 ! \V."
Of the standby credit with
Th^^Fftst."National Bank of Chicago
amounting to $3,750,000, the
Com$)iny, Jia's used $1,800,000 for con*
company during the four weeks ended July 10 had in operation
stores, as compared with 2,401 in the corresponding period of
year.—V. 168, p. 255.
Safway Steel Products, Inc.—Earnings—Acquisitionsix Months End. May
31—
Net., profit ;after charges and taxes—:
Earnings
4
etruction purposes up to March
uma-
I I.I..IJ
1948—28 Wks.—1947
84,981,479 687,381,312 579,504,039
2,295
unit.
the
1948—4 Wks.—1947
97,821,369
The
duration of the contract period, Great Lakes agrees to supply
Rhinelander the entire production from this unit and at the same
$3,866,683
1,596,000
-
j'y
month
For the
$2,364,327
1,019,000
——
ENDED
$3,415,885
Capital
almost
materials,
THE SIX MONTHS
1948
Sales
Paper Co. Ltd., of Canada, for the installation at their Fort
William, Ont.-plant of a digester capable of producing 10,000 tons
annually of unbleached sulphite.
In brief, under the contract, which
Apr. 3, '48 Mar. 29, '47
profit from operation before income taxes.
frovision for estimated income taxes
EARNINGS FOR
with
for
profit
six
company
24.19%,
ended March 31, 1947.
Increased pro¬
7.42%
of the additional dollar sales while
to higher selling prices.
accounted
in
The
Paper Co.—Earnings—
for
a
20-year period, Rhinelander
approximately $500,000 for the erection
13 Weeks Ended—
^et1 prdfit' afier
for Federal
Earnings
prior preferred
runs
-
Net
V;
possible loss
279,893
■
income
Capital
Lakes
Net:' inc.
-ri'
for
Provision
research
advanced
Operating
result
income.;
Deducts,
181,219
-
bomb chief,
& Tool Co.—Exchange Offer Extended
for
metal contents of
on
Net
—
Cxrr'aord.
(net).
287,876
$65,013
inc.—
ordinary
ordinary
Dxtraord.
income
Total ldcoine
Interest
-advances and bank loans
Prov.
Vic£-President—
Fabricating profit before depreciation
duction
,;,i
$3,476,668
1,658,257
•Excluding State and Federal gasoline and oil taxes.—V. 167, p. 2137.
Rhinelander (Wis.)
Deducts, from
•;
Income
878,125
11,478,570
3,219,135
V 1,454,622
575,306
16,727,063
3,708,651
v>
States.
communication
Y
services
and
Non-operating
Revere Copper & Brass Inc.—Earnings—
that
?
sales
$5,643,243
.
3 Months Ended March 31—
Mr.
-
$28,615,339 $20,204,301
of
ramamna
1
of
J"
$28,269,459 $20,204,301
345,880
....
operating revenue
Selling, admin, and general expenses
Depreciation and depletion
Dry hole losses and abandonments
—V. 168, p. 51.
Net
$37,894
revenues—
1947
1948
483,310
$0.27
stock has been ex¬
tended to Sept.
30, 1948, it was announced on July 19. A total of
141,009 shares, or 71% of the total outstanding shares of 6% pre¬
ferred
stock
have been exchanged for
5%
prior
preferred stock.
Common
6,774
oper.
3,763,059
473.
p.
*Sales
$266,559
1698.
Republic
the newly
Other communication in¬
come
1,950,000
3,045,000
Inc.—Earnings—
1948—Month—1947
$1,023,282
$934,493
31—
revenues—
crJ-
$12,781,305. $9,901,734
167,
$159,761
Inc.—New
laboratory
Earnings per common
—V. 168, p. 156.
expenses--.,-
'
Richfield Oil Corp.—Earnings—
The offer to exchange one share of outstanding 6%
ferred
Investment
'
RCA Communications,
Operating
Operating
1,950,000
4,690,475
par)—.
Quarters Ended March 31—
Federal income taxes
L.
of
133,750
3,045,000
($10
Total
—V.
1946
1
company's
the
at
p.
Interest
Walter L. Burns Elected a Director—f
Walter
4~5"084
501,400
.148,750
fluctuations
168, p. 51.
Groves, USA (ret.), wartime atom
Vice-President.
He
will
continue
appointed
Manager
11
97,466
469,850
exchange
...
stock
a
'
toankers
107,673
1,800,000
40,681
elected
been
President
Leslie R.
Gen.
quarters
J
new
the new company's common stock. The new company
and delivered
the mortgage indenture to Girard Trust
executed
Co.,
The
of
under
of
has
«ow
form
company
' 177,574
taxes—.
bank—
reserve.
Paid-in
business.
and
Eastern
its
—
Income
payable to
mrrmngm
;
2137.
duly incorporated and organized.
of the Quaker City Cold Storage
company, and
new
operation
S.
been
now
and
reserved
tndependent
lias
has
properties
$176,540
81,760
.y»f
Remington
This
tax
security
_x
Wisconsin
notes
Capital
•
Quaker City Cold Storage Co., Inc.—Acquisition, etc.
plants,
social
Other
emmpmniaa in axmct alphabetical
Howtver, thmy mra ml wmya ma naar mlphabmtitai
■
See
and
Special
1947
common
pmsMtblm
and
Reserves—Canadian
quarter ended March 31, 1948, amounted to $9,023,989,
compared with $8,740,439 in 1947.—V. 166, p. 1056.-
•'
$9,901,734
$213,825
j—117,577
taxes,f 118,572
(net).
payrolls
Federal
Sales for the
6,979
*
trade-marks
...—
property
interest, etc.
$0.31
outstanding
share
3,114
.....
construction
&
payable
Accrued
$178,063
482,910
taxes—
100,000
98,379
/
3,564,184
1,046,355
792,370
3,038
progress
for
processes
Accounts
$3,270,930
$3,147,205
17,439
2,545
"
'
100,000
151,751
3,899,290
2,669,872
$12,781,305
in
reserved
1948
&
.75,405
548,196
249,718
374,207
——
Total
♦Includes——
•
to
is equip, (less reserves for deprec.)....
Patents,
111.—Earnings—
Quarter Ended March 31—
Common
48,415
insurance
to Ripco
Earned
Chairman of the Board of Directors
Corp. and of the Tri-Plex Shoe Co.—V.
alter charges
life
of
"
80,262
Cash
'
profit
value
v
•
,
Accrued
Directors.
of
director since March, 1947,
of
Directors. He is also
a
3,279,756
premiums, etc.—
574,486
1,574,687
Net
Total
Machine
has been elected
died on June 25.
March, 1948, has
Board
Daly Bros. Shoe
of Spencer Shoe
Vice-President
872,570
2,142,066
58,299
,
LIABILITIES—
above.—V.
Co.
Vice-President,
John J. Daly, who
late
Reliance Mfg. Co. of
Net
Machine
$351,153
825,268
_
Ripco Timber Co., Ltd.,,...
Timber Co., Ltd
Capital
stock of Ripco Timber Co., Ltd.
(100%
interest)
Sundry timberlands and other investments..
Aug. 4.
$172,000
>
formerly
Executive
Chairman
director
Auxiliary operations:
Total
Sewing
Vice-Chairman
Charles
Net
Button-Hole
Button-Hole
1947
1948
■,
$774,884
(less reserves)
—
Construction
Regal Shoe Co., Whitman, Mass.—New President, etc.
F.
'
pol.
Loans
1, 1958.—V. 168, p. 255.
Reece
International
'
—
at
Terminal,
will
'
'
etc.—
surrender
Plants
of- $3,440,000 equipment
trust certificates,
office of R. W. Brown, President, Room
received
Subsidiary)
Wholly-Owned
'
—
insurance
Advances
' 1;
purchase
be
of
1
31
MARCH
SHEET
$3,763,059
$4,699,475
—
Inventories,
628,100
$0.36
share
.
surplus March 31
Investments,
$224,548
628,100
:
shares
946.
for
President
600,000
Accounts receivable
1946
1947
1948
Reading Co.—Bids for Equipments Asked—
James
179,963
194,991
(Exclusive
reserves
capital
per
1948—6 Mos.—1947
16,854,488
483,567
21,089,201
2,776,013
3,228,430
89,070
cars__
3,374,163
$4,543,022
dividends
ASSETS—"
$1,012,379
etc.,
p.
$8,847,646 $45,875,616 $46,486,030
$8,191,344
of
4,187,993
$4,894,466
surplus
Long-term
1948—Month—1947
revenues
•Maintenance
66,797
$668,859-
$706,473
Cash in banks_
p. 2353.
Pullman Co.—June Earnings-
24,152
73,736
Cash dividends
Inc.—Earnings—*
taxes
Earnings
See
(The)
425,600
,
profit
Previous surplus
$105,369
Domestic;Subsidiaries)
income
P,
(net)
taxes
BALANCE
Federal income taxes
Contingency,
$200,689
$24,40ft,:
3 Months to March 31—
Number
taxes
income
Net
stock,
,
income
.
Ray bestos- Manhattan,
,«
423,
Association, San Fran¬
and Savings
Trust
$1,161,255
447,550
(net)
profit
Federal
$177,169
^
surplus—1
•Deficit.—V.
Bids
Puget Sound Pulp & Timber Co.—Transfer Agent—
$1,227,759
income
transferred
—V. 167,
••••
360,373
$1,137,104
■
$177,166
1
income
inc. (charges)
inc.
series
Bank of
$196,415
481,267
exps
gen.
profit
Stock;
Net
156.
p.
$358,047
Net
Cash
•!
,
4.—V.
$44,367
;
$1,215,013
12,745
Packing, shipping, selling, adm. &
Net
income
Deducts,
Receipt of bids by the company for the proposed issuance of 200,000
shares of its preferred stock has been postponed from July 21
to
Aug.
329,449
14.—V. 168, p. 50.
Electric
Service
309,629
$66,159
inc.—
ordinary
Net
Public
ordinary
Extraord.
share
regular quarterly dividend of 87V2C per share on
preferred stock will also be made on Sept. 1
the
of
3V2%
■;
stock.
common
Payment
the
before Aug.
or
76,529
.;
Extraord. income (Cr)—
-
debentures
63,921
\
1947
$4,702,008
3,204,531
$5,839,473
4,143,193
sales
Wisconsin
Net
the seventh quarterly distribution
to Public Service common share¬
Water
Water
&
Gas
of
*$133,034
II
31
MARCH
ENDED
1948
Net
Other
Gross
distributions having been
previous
share
a
$48,418
Deduction from ordinary
income
at the rate of l/20th
of Public Service,
common
stock.
In announcing the Sept.
1 dividend, Mr. Gallagher
stated that
while the Public Service company now owns over 44#
of the Indiana Gas & Water capital stock it is expected that as a
result of the Sept. 1 distribution and consummation of the Gas &
Water company's current' stock offering this percentage will be re; duced to approximately 31%.
'
Holders of Public Service convertible debentures who convert their
holders, the
*$32,162
'•I'.
Dividend in Indiana Gas & Water Stock
dividend represents
1
579,169
MONTHS
$446,135
500,383
revenues-
oper.
income—Noncommunication
A.
The
$548,801
SIX
FOR
(Exclusive of wholly owned subsidiary)
Cost of sales
Net
Gallagher, President, announces that a 20# increase in the
quarterly dividend on the common stock was authorized by the directors
on July
19.
YvY* 'Y,4YY YThis dividend, which is payable in canital stock of Indiana Gas,
ft Water Co., Inc., is at the rate of 6/100ths of a share of the capital
stock of Indiana Gas & Water for each share of Public Service, com¬
mon stock
and is to be distributed Sept. 1 to holders of record Aug.
14.
EARNINGS
1948—5 Mos.—1947
130,032
104,335":;
expenses
——-
R.
(351)
America—Earnings—
1943—Month—1947
$106,573
$97,870
revenues
CHRONICLE
Ordinary
effective. 7, v
become
fy
FINANCIAL
&
Radiomarine Corp. of
of
split-up
amendments
COMMERCIAL
Y
This corporation
California
and
has acquired the
the Beaty Safway Steel
1948
,
$119,637
Y $1.1$
1947
$90,298
.
$0.90
Safway Steel Scaffolds Coirof
Scaffolds Co. of California, both
located in Los Angeles, B. D. Christian, President^- disclosed in ithe
12
THE
(352)
3?
purchase of the two companies,
be operated as a single branch of Safway, did not require
financing, the company having used funds on hand for that
Southern Canada Power Co.,
which .will
any
^purpose.'u/^;^
The
r
has
Period End.
Gross
corporation
has
also
opened
factory
a
branch
Chicago.
in
It
Dividends equal
to .40. cents
—
$384,984
186,431
134,079
-
61,296
136,829
——
and
divs._
;
■'■Deficit.—V.
the
V;
added
fiscal
1948
that
the
with
year
company
large
a
plans
of
this
of
the
of
-
.
and
Maintenance
St.
•
devel._
Amortiz.
-
*
of
,
to
.
Net
.
599,416
Net
from
Net
:
f
ry,
railway—$1,964,812
railway—__
.
railway
Net from railway
Net ry. oper. income-—
"
,-rV. 167,
1,758,355
1,055,038
240,796
416,232
157,544
8,171,941
7,604,260
284,661
1,258,052
3,830,098
2,772,758
2,629,962
2,193,439
1,284,943
1,100,368
1,334,589
■4.
"
$4,744,347
$4,276,953
500,437
244,890
273,437
$3,r«4.503
$3,417 805
489,285
674,842
956,919
$3,375,223
oper.
$2,742,963
$4,032,318
$3,404,412
income
Common
&
after
$4,065,767
per
—V.
p.
168,
oper.
554,181
230,663
Railway
oper.
286,000
income
$0.80
;.
.
before income
Federal
income
taxes
taxes
outstanding
ry.
facil.
Received
made
to
refinery at East
Construction
Service
the
Sinclair
Chicago.
the line,
pipe
line
system
for
"income-
158,431,649
.
Miscell..
its
—
on
owned
jointly
1,885,175
the
Texas
Co.,
Shell,
and
Sinclair was started on Dec.
1, 1947. This is the
leg of the Basin line which, when
completed, will extend from
N. M., to Cushing, Okla., a distance of 513 miles. The
line,, as
originally planned, .will have a carrying
capacity of 167,000 barrels
jdaily. Sinclair has an undivided interest equal to
15,000 barrels daily.
—V. 167, p. 2692.
first
3,858,652
18,956,920
969,632
4,533,154
3,553,366
...
4,828,284
23,490,074
47,102
428,836
1,617,323
8,094.107
18,866,897
4,157,184
•
State
and
Net
Federal
65,833
charges
inc.
Net
of
'
1,662,086
solely
statement
the
Not Stated
3,538,645
1,027,332
$1,581,184
$1,240,190
$4,807,346
$1,694,719
1,000,000
500,000
1,000,000
$2.48
$4.81
$3.39
affil.
1,825,447
3,163,859
14,967,131
14,537,468
536,156
<1,781.647
1,909.491
71,017
f 355.083
562,661
91,000
68,006
>91,000
3,680,032
>,861
16,918,621
1,209,809
OCr)—
71,017
(Dr)—
68,000
.
,
-
plant
has
begun
of
this
company
from
scheduled for December.
This
will be
Portland
to
Me.,
to
communities
in
the
Portland
located
on
Bangor,
first petroleum finished
inches in diameter,
will
six
Portland,
the
It
be
at
Me..
pipeline
Completion
is
*
S.
Excluding S. P. R. Go.
solely
P.
—V.
of Mexico.
affiliated
controlled
-
pipeline
carrying gasoline and heating fuel
and Bangor areas.
Storage terminals
pipeline
;
.
Portland
and
Bangor areas
trucks.—V. 167, p. 2583,
were
made by
barges, tank
cars
controlled affiliated
not
System
Sonotone Corp. (&
Net
and
Operating
companies included in net income of S. P.
against surplus by paying companies.
1947
$121,980
Co.—Earnings—
194&—Month—1947
829,878
550
rev..
500
-v
2,750
$1,422,780
$373,603
222,484
40,464
$1,804,250
1,386,110
197,170
$274,613
289,816
revenues—
19,765
Operating
expenses
Operating taxes
oper.
income
after charges
167, p.
r"
2,500
28.701
revenues—_
$0.28
"1948—5 Mos.—1947
$17,509,266 $13,191,904 $85 158,942 $66,187,886
68,667
35,565
June
and
8
first
six
months'
refinery.—V.
new
earnings
167,
p.
2139.
of
the directors held July
the second ;quarter of
for
80
cents
share
per
$1.06
were
the
on
21,
the
19.48
Treasurer
would
prob¬
stock.
common
Earn¬
share.-
a
July 19 filed with the SEC
on
public
a registration statement
of 200,000 shares of common
Paine, Webber, Jackson & Curtis.
offering
are
sales, for
the
after
first
taxes
the whole of
four
of
months
$1,526,544.
1947
and
of
1948
This
were
compares
$32,408,227 with
with $95,715,638
of $2,460,962.—V.
net
a
168,
52.
p.
Plywood Corp.—Reorganized—
corporation, has completed its reorganization program, and is
installing additional machinery and equipment to supplement its
capacity of 24,000,000 square feet of plywood, George F. Baum,
President,
He
$161,725
146,940
(Wash.)
This
94,247
announced
July
reorganization
said
stockholders
10.
culminated
was
and
at
recent meetings
of the
and that continuous operation
supply of veneer.
ensuing year are A. J. Johnson, ViceTorbenson, Mr. Baum's law
partner,
directors,
now
expected with a contracted
Other officers elected for the
President,
and
Raymond D.
Secretary-Treasurer.
These
three
officers
were
elected
Lewis, John E. Freeman, Paul A. Olson and E. D. Rich
2794.
period End. May 31—
revenues
Uncollectible
oper.
rev.-
with
as
J.
R.
directors.
Tanaser Construction Corp. (1400
Broadway Building),
1948—Month—1947
1948—5 Mos.—1947
$18,622,096 $12,533,956 $90,060,390 $70,716,961
66,754
35,942
334,231
179,172
N. Y. City—1942 Interest
Funds
ot
15,465,338
10,577,464
73,003,162
1,841,969
expenses
1,296,769
9,759,747
Jan.
55,444,095
8',591,902
have
New
than
Operating revenues— $18,555,342 $12,498,014 $89,726,159 $70,537,789
Net
a-fter
167",
$1,248,035
$6,963,250
$623,781
831,085
income
oper.
Net
341,662
charges
5,173,603_
$6,501/792
5,162,916
been
York,
six
1,
Texas
agent,
make
to
and
funds
011
available
fiscal
years
1942
Such
July 1,
still
The
of
•
Continental
Broad
payment
St.,
Bank
&
Trust
Co.
New York,
N. Y., for'more
unpresented coupons due
certain
1942.
unclaimed
that date.—V.
Eastern
Coupons—
at
30
on
164,
July
p.
29,
1948
will
be
returned
to
the
3152.
Transmission
Corp.—Plans
to
Gas Facilities—
2794.
p.
.Engineers
Expand
Net
before
April 30—
taxes_^
Income taxes
1947
$1,470,000
1946
$865,000
695,000
1948
$1,510,000
700,000
—
—
400,000
shares
ner
—V.
outstanding
common
520,575
520.575
__
share-
$1.55
_.—
167, p. 2583.
$465,000
$775,000
$810,000
profit
.
The
expansion program
75,000,000 cubic feet daily,
520,575
$0.89
$1.48
'
relieve
,
If
*317,002
206,126
1948
Net
ry.
oper.
From Jan.
Gross
ry.
oper.
$2 ,519.611
129,772
970,310
*10,001
*188,921
521,403
8,539,544
7,318.383
.048,579
1,918.968
683.493
,583,299
658,271
517,494
*162,956
,504,181
$1,721,250
,.■>
-
322,891
.
401,348
income—
income
•"Deficit.—V. 167, p. 2473.
company's
the
company
system's
expects
to
capacity by
use
to help
area.
application
is granted it would bring the total
to $182,737,500.
("Wall Street Journal.")—.
cost of the system
p. 52.
Texas. & Pacific Ry.—Results from Operation—
Period End. May 31—
Operating revenues
Operating expenses
Railway tax accruals
1—
railway
railway
from
Net
$1,259,666
653.601
increase
1945
1946
1947
$2,006,587
from
Net
Operating revenues— $17,440,599 $13,156,339 $84,841,940
$65,981,760
Operating expenses
14,066,435
11,814 547
69.139,532
56,272,018
Operating taxes
1,851,700
990,030
8,788,342
6,0.90,352
railway
railway
would
which the
shortage in the Appalachian
the
V. 168,
9.923,006
2,235,619
from
from
a
over-all
Spokane Portland & Seattle Ry.—Earnings—
Net
for
this, corporation on July 13 testified
before a Power
Commission examiner that « proposed
expansion program which would
bring more natural gas to the east would cost an estimated
$10,330,500.
The company, which
operates the Big Inch and Little Inch
pipelines,
is asking authority to install an additional
86,150 horsepower in .com¬
pressor stations along its lines and to build some
71 miles of pipelines
connecting its main line with gas fields and gasoline stations in Texas
and Louisiana.
Spalding & Bros., Inc. (& Subs.)—Earnings—
(A. G.)
6 Months Ended
May—
Operating
stock.
Southwestern Bell Telephone Co.—Earnings-
Gross
Uncollect, oper. revenues
$663,000 is applicable .as
the balance of more than
annual
$1,420,280
1,119,850
138,705
$220,970
$32,364
19,544
$43,323
some
and
common
from
income
now
Operating
of
proposed
Tacoma
819.378
$0.13
1948—Month—1947
was
1948—5 Mos—1947
$1,807,000
$275,113
$374,153
the
sales for
$246,374
Southern Bell Telephone & Telegraph
Co.—Earnings—
May 31—
year
shares.
Net
Uncollectible oper.
Earnings
—V.
Period End.
this
of
the sale of this issue will be used
substantially to
manufacturing capacity and working capital to take care of
rapidly expanding demands for television tubes.
Upon completion of this financing the company will have 1,206,550
shares of common stock
outstanding out of an authorized 1.500,000
charged
revenues
to
operation of this
Principal underwriters
Proceeds
net
Common
1948
Common shares outstanding
Earnings per common share
165, p. 2318.
1947.
months
the
tank
Subs.)—Earnings—
p.rofit after charges and taxes
six
provide
credited to income of
dividends 'received: from
Southwestern Associated Telephone
stream
on
excess
company
stock.
156.
168, p.
Net
Quarter End. March 31—
first
in Maine.
at
Auburn-Lewiston, Hallowell and Bangor.
An existing
carries crude oil from Portland to
Montreal, Canada.
Heretofore
bulk
shipments of gasoline and heating fuel in the
are
the
$29,482,257,
Files New Issue of 200,000 Shares—
^Representing interest on bonds
companies
System. -" tRepresenting
Transportation
—V.
products
for
earnings
meeting
earnings
that
in
company
124-mile
a
company's quarterly report,
share of common stock
be $1.50.
This, figure will
per
to
partial
a
special
a
covering
3,038,273
went
only
The
|
Consol. net income—
Operating
Construction
the
would
$8". 100,000,
stockholders,
ings for the first quarter
•
Operating taxes-
Socony-Vacuum Oil Co., Inc.—New Pipeline—
>.
.
stockholders, C. H. Wright, President, reported
catalytic cracking refinery, at Duncan,: Okla.,
cracking approximately 10,000 barrels of charging stock daily.
ably be
con¬
cos
-3
Operating
167, p. 1476.
SEC
proposes
Sylvania Electric Products Co.—Estimated Earnings—
500,000
$1.58'
profit
Capital shs. outstdg
Earnings per share
—V.
j
$2,722,051
the
Proceeds
corporation's
reported
adjust.
c
—V,
($8,345,991
in-j
taxes
come
]
in
of
the
now
This
-1948—9 Mos.—1947
-
died
.
-
.
offices.
earnings
this year
as
as
In
8,236,664
deductions
portation System^—
Net
1948—3 Mos.—1947
1945,
Engineering
Webster Securities
:
for the first six months of
preferred
applied
that
23,024,081
249,949
Net
Corp.—Earnings—
(Including Wholly Owned Subsidiaries)
since
Webster
&
and Stone &
branch
advised
of
income
earnings
is
is
Smith
Stone
Co., Cleveland—To Offer Pfd.—«
estimated
cents
gross
net
company's
(A. O.)
Corp.
new
were
months
stockholders
to
is
Jdl,
Period End. April 30—
Profit before taxes
Service
of
.
that
six
to
From
8,165,787
7,451,054
725,225
Period End. May 31—
by
director
a
three
open
13,
dividends
Net inc. of S. P. Trans¬
solely
to
$4.33
156.
stockholders
first
$7,500,000
5,155,617.
2,828,141
—
income
Transportation
shipment
Webster
p.
to
July
the
reflect
of
July 21 announced that it had received its first
oil through the new BaSin
Pipe Line Svstem at
Geraldine (near Wichita
Falls), Texas. Transfer of crude at this point
3,459,989
$4.37
against $16,736,325 for the
same period
in 1947.
Net income, reported at $4,946,538 for the first
six months of 1947, is estimated
at $8,176,438 for the like period this
rents
__1
income
Total
167, p. 2473.
company on
shipment of crude
used
Estimated
43,402,480 230,557.825 211,773,120
JConsol. adjust.
The
&
163,
reported
46,236,954
1,858,093
tConsol.
Refining
Co. — First
Shipments
Through New Basin Pipe Line System—
also
was
compare with 93 V2
►
53,341,471
*
Sinclair
3,459,989
$2.12
.
underwriting.
be
for
26,308,786
Philadelphia National Bank has been appointed transfer agent
dividend disbursing agent in
Philadelphia for the $3.40 cumulative
preferred and common snares, effective Aug. 1, 1948.—V.
■Cities
$
25,560,772
$0.20
Agent—
3,459,989
outstanding
Sunray Oil Corp.—Gross and Net Higher—
$292,927
$0.03
,
14,995,165
company on June 30 filed a letter of notification with
3,000 shares of class A 6% preferred stock. The
company
offer the stock at $100
per share without
issued
companies)
$
4,505,226
and
■:
to
1948—5 Mos.—1947
51,968,746
The
be
affiliated
$
178,589,079
trolled
will
controlled
10,899,444
1,477,843
share
Scott Paper Co.—Transfer
»
solely
1948—Month—1947
32,503,036
Other
1,477,843
7,7
15,122,314
year.
1947
$45,909
shares
Not Statedr
2298.
p.
stone
At
profit
Earnings per common
—V. 167, P. 474.
•
operated
expenses.
fr.
rev.
Fixed
Net
Common
.
2,000,000J
The
for
890,196
revenues.
Net ry. oper.
1948
$11,676,174 $12,425,879
72,121
501,686
26,212
208,759
May 3/47
$1,260,178
2,203,252
9,191,460
(Including Wholly-Owned Subsidiaries)
—
—6 Mos. Ended
7,332,486
Sun Finance & Loan
Co.—Transportation System Earns.—
(net)
—6 Months Ended April 30—
Net sales
Profit
$2,616,678
117,214
37,045,494
Schulte, Inc.—Earnings—
■
,v
$185,021
436,310
opers*
Net
156.
(D. A.)
■Earnings—
f
5,850,000
share—'
per
Corp.—V.
286,000
tax
outstanding
share—
operations.—V.
May 1/48
15,182,48'6)
....
—
shares
Muhlfeld
Corp.,
$527,859
$
Equip. & jt.
...
Mr.
Railway tax accruals-
shares
Earnings
403,442
separately
Railway
plant
Stone & Webster, Inc.—Vice-Chairman Dies—
$3,254,967 $19,938,546 $15,886,175
2,863,414
15,269,858
13,411,353
206,532
2,052,010
,1,214,644
3,134,466
1947
$3,230,907
charges—
reserve—21
Earnings
—V. 167,
m
1948—5 Mos.—1947
$3,260,055 $19,971,976 $15,910,953
5,088
33,430
24,778
8,273
rev._
Period End. May 31—
preparing
74,538,988 137,714,840 109,190,726
profit.—
The
$1.94
Federal
$4
167, p. 2794.
$5,778,400
—
Net
Net
1948—Month—1947
$4,074,040
Southern Pacific
,
of
3 Mos. End.
after
Capital
will
1948
pictures
George O. Muhlfeld, Vice-Chairman of the board
July 8 at Englewood, N. J., after a long illness.
revenues—
Is
1,145,978
oper.
incomeafter charges
—V.
and
sales—
Inventory
$2,917,318
Net
Net
(Incl.
"C"
%
Profit
Redemption—
' / Sangamo Electric
Co.—Earnings—
3' Months Ended. March 31—
Sales "
Si
£
-
2,129,869
620,328
Operating revenuesOperating
expenses-
There have been called for redemption on Oct.
1, next, through
'operation of the sinking fund, $240,000 of first and refunding mortgage
series B 3Va%.
bonds due Oct. 1, 1971 at 101 and interest. Payment
will be made at the office of J. P.
Morgan & Co., Incorporated, agency
of the trustee, 23 Wall St., New
York, N. Y.—V. 166, p. 375.
1
2,967,511
Cr206,534
$3,244,180
Operating taxes
Union Depot Co.—Partial
panels
Federal income taxes
Cr206,534
51.
Uncollectible
p. 2473.
Saint Paul
■
1,087,854
Net
chgd.-
Period End. May 31—
Operating
9,550,896
5,001,095
color
May 1/48
Southern New England Telephone Co.—Earnings—
...
10,116.034
with
(J. P.) Stevens & Co., Inc. (& Subs.)
$2,029,479
457,755
Division
Co.
52.
p.
1,357,530
579,799
2,041,562
taxes.
surplus—
income
p.
Chemical
135,588
135,584
income
168,
Hilton-Davis
color
Period—
income
Net
$1,548,318
565,227
1
,
from
1,180,694
168,
926,002
1,662,553
and. other deducts..
-V.
$i,533,446
774,845
income—
oper.
From Jan. 1—
Gross
1,147;569
1,272,653
earnings
Gross
r/ St. Louis Brownsville
Mexico Ry- -Earnings—
'May—
''
1948
1947
1946
1945
from
$9,709
corporation^
vehicles
Approved—
Int.
Gross
$946,878
12,709
Cr3,00o
—
503,286
699,151
therof
earned
Other
St. Lawrence Paper Mills Co., Ltd.—Plan
v''£ee St. Lawrence Corp., Ltd. above.—V. 168, p. 51.
1948
loss
->
••
"plans, see V. 167, p. 2691
31,
167, p. 2474.
new
util.
come taxes
Fed. & State inc.
Portion
a
350,594
—_
'
details of both
MARCH
refund
catalog for ink makers, according to G. W.. Nieder,
Vice-President in charge of sales. It will
consist Of 40 pages and will
cover
the entire', Rilton-Davis
line
of
flushed
and
dry colors, and
1947
503,286
561,889
plant
adjustmentsother than in-
Taxes,
Collins/in Superior Court at Montreal, Canada,
on July
IS sanctioned the plans,
The two pompanies will now make application,
fpr supplementary
letters patent and upon receipt of these the plan Will become effecFor
-Consolidated—
1948
acquis.
Justice Frederick" T;
live.
tax
Sterling Drug Inc.—New Ink Color Catalog—
1947
350,594
Depr., depl. & amortiz..,
Mills Co., Ltd., its subsidiary, on July 8 approved the
which are designed to eliminate dividend
■
_jV.
This
$14,&38,932 $13,295,319 $23,194,932 $20,301,561
4,417,629
4,029,283
5,593,829
5,142,305
2,470,281
4,436,651
2,264,998
5,346,147
1_
;
Exploration
and
"
Co.—Earnings-
1948
—__
■Operation
recapitalization
arrearages.
1
Operating revenue
;Gas purchased
Approved—
July" 7
before income
Income tax refund
$126,921
ENDED
sales
Loss
1,034,723
*$29,990
$21,194
-Company Only12 Mos. End. Mar. 31—
is going into the last half
backlog of unfilled orders.
corporation' on
$428
Southern Natural Gas
..
'stockholders
The
Lawrence Paper
502,876
1,087,506"
Co.—-Earnings—
EARNINGS, FOR THE QUARTER
Net
.
165, p. 1322.
St. Lawrence Corp., Ltd.—-Plan
84,774
131,218'""
$2,846,661
1,048,376
636,6.41
Monday, July 26, 1948
en
167, p. 2473.
,
Christian
Mr.
of
;
$3,012,184
1,451,792
,,
Net
Surplus
share .were paid ..during the first six
months of 1948, compared with 30 cents in .1947.:
;
"During the first six months of 1948 steel receipts were sporadic
and operations continued to be hampered at .times", Mr. Christian
stated. "The cost of material and labor. continues, to increase."
a
„
_
Standard Tube
1948—8 Mos.—1947
$371,265
Int.," deprec.
the first
compared. with, the same
.
earnings
Taxes
a
six
months of the 1948 fiscal year, when
period of 1947, according to Mr. Christian,
■
CHRONICLE
Ltd.- -Earnings—
1948—Month—1947
May 31-r-i
Oper. and maintenance-
'
subsidiary operating in.the New York area.also.■
Shipments and net profits were substantially higher in
-
FINANCIAL
&
•.
#emi-annual letter to stockholders. The
.
COMMERCIAL
Equip,
Jt.
0
rentals
fac.
rentals
(net
Dr 1
1948—Month—1947
1948—5 Mos.—1947
$6,467,976
$5,121,484 $31,607,319 $23,516,631
4.619,425
3,901,669
23,538,909
17*950,463
742,434
429,630
3,218,570
U,792,061
364,164
146,137
1,644,663
[739,573
.,
„
(net Dr)
13,695
25,868
income
$728,258
$618,180
/
51,257
" Vi
104.542
—
Net
Net
—V.
oper.
after
income
charges
167, p. 2794.
Net
Standard Gas & Electric Co.—To Purchase Sub. Stock.
$1,522,464
$351,762
$6,914,066
20 563
4,831,841
1,909,859
The
have
sale
Southern Colorado Power
Electric
totaled
Other
income
$3,619,490
1,107,223
ry. .oper.
Co.—Weekly Output—
"
output of this company for the week ended
July 17, 1948,
3,091,000 kwh., as compared with
2.479,000 kwh. for the cor¬
week last year, an increase of 24.7%.—V.
responding
168
JJ.
255.
company and its
asked the SEC for
by
Wisconsin
Wisconsin
000.
The
Wisconsin
to
($10 par)
Wisconsin Public Service Corp.,
authorization of a transaction involving .the
Standard
common
transaction
stock
subsidiary,
would
of
an
stock for
Involve
a
the
additional
cash
sale
175,000
shares
consideration of
of
Miscell.
of
Fixed
.
before July 30, and the
the sale-of $5,250,000 of first .mortgage bonds^ ...
Ape 1978^V.< 167, -pi, 1700^—,
[
"
on
with consummation
or
of
Total
Net
—V.
—-
income
deductions
charges
$1,750,-
shares of the
balance concurrently
100,000
-
income
167,'
P.
70,907
ir79;871;'
351,307
$3,538,763
41,700
$3,281,299
231,203
1,135,322
1,159,269
$459,326
$'2,361,741
$2,078,495
$698,051
"v"7,172
227,477--
$564,516
384,843
7,522
$799,165
—
$3,153,920 ,i$2i929,992
"
■,
43,535
2794.
(Continued
on page
48)
t.ufcij
Volume 168
Number 4719
THE
COMMERCIAL
ft
FINANCIAL,
CHRONICLE
(353)
13
■-.'ftvy.
Stock Record «» New York Stock Exchange
MILT MNCE OF PIKES
YEARLY RANGE OF SMI PRICES
Range for Previous
I-,.
WEEKLY VOLUME OF TUNIC
FOR EVERT LISTED ISSUE
'
Urr\V'• STOCKS
•
!.
-
LOW AND
'
Year 1947
Lowest
Range sinee Jan. 1
,
Highest
I per share s I per share
66-% May
90
87%
'»%
Dec »
10%
•
43%
55-
••
.
3%
78
«
48%
104
Dec
202
Mayf
May
29% May •
18
8% Feb
Nov
X171
Feb
36%
Oct
28
25
Feb
99%
24% May
»% May
3
11% Jun
198
-
11
86
25
98
Mar 24
Feb
25% Mar
Feb
.
f
8
5
81
Apr
46
Mar 18
107
Dec
83% Feb
7
42
50% Deo
-
Deo
80%
•
Deo
11%
50 *
20
121
Mar 11*
52% Jun
10
Mar 22
~6
68
Mar 22
31
Jan
18% Mar
77%
Jan
May
17%
Feb
50
Feb
166
99
Deo
36
26
Feb
3% Feb
11
Mar
76% Feb
6
7%
Dec
196%
Sep
64%
May
20% May
105% July
110
Feb
Oct
86
Aug
Sep
26% Feb
16% May
18%
Dec
24
16
Feb
88
Jan
88
Feb
102
Dec
38%
Deo
101%
Deo
43
Mar
48% July
'•118% Oct
26% May
46
3% May
Feb
Jun
14
3
May 21
108% July 12
51
5
94
10
Jun
16
41% May 26
3
Feb
26
49% May 21
2
7% May 20
17% July
14% Mar 16
18
July
Deo
20% July
15% July 19
19
Apr
Deo
7% Deo
25%
5
Feb
6% Mar
1
Deo
101%
Feb
July
42%
Apr
37% Jan
9%
Oct
6% Feb
14% Jun
10
49
55
Jan
92% July
6
10%
46
Jun
20% Feb
Apr
6% Feb
Apr
3
116
92
95% Feb
American Bank
4%
conv
preferred
7%
7ft
preferred
Amer Chain 3c
6%
conv
preferred—
4%%
3%%
;r
18% Jun
80
16
28% Sep
101
Deo
7% Deo
Jan
15%
x25% May
127
Deo
6% Feb
32% July
147
Mar
79% Feb
Feb
24% Mar
American
13
14
24
3
Jun
9
7ft
21% May 24
94% Jun
10% May 27
34% July
135% July
9
July
125
Feb
7
Feb
17
39% Feb
29
Feb
10
14%
•%• Deo
28% May.
1
Deo
16%
Feb
88
.Deft
129%
Feb
76% Dee
117%
11% May
Deo
17
Feb
186
Oct
Mar 23
8% Jan
34% July
6% Feb 29
91
11% Jun
11
72% Feb
Feb
Feb
21
9% Aug
18% May
24
12% Feb 13
•164% Apr
16%
Feb
10
22%
'
Feb
16% Feb
Jun
42%
Oct
48% May
142Deo
70%
Deo
Mar
176
6
American
Jan
27
9
139
Mar 10
Mar
31
Mar 19
35% May 18.
Deo
158
Jan
28% May
23% Jun
21
Jun
37
Feb
94
May
149% Jun
62
138
Apr
.
Deo
60
86% Jan
-80
50%
68% Jun
103%
Feb
6% May
May
69%
80% May
16% Deo
38%
61
101% Nov
jO
; 14%
V
>■
>«$**.•
24%
9% Deo
3%
;
68% July
Apr
30
16
Jun
Apr
i"
■a
V'
;
'
•,vr
Feb
39% Oct
For footnotes
.
Jan
6%
"
Deo
see
page
y : t '
;
17
8%
61s,8 July 21
Apr
Mar
67
Jun
24
May 19
7%
31%
*134
9%
100
American
Stores
American
Stove
No par
American Sugar
Tobacco..—!
American TS1 At Tel Co———.—109
American Tobacco common
2$
preferred
—.100
common—14
preferred—-——100
American
Woolen
Inc
Amer Zinc Lead
:
$5 prior conv preferred
1
.28
•
,
Mar 17
4% Mar
28% Feb
24.
3
14
14
Anderson,
16
Anderson-Prlshard
14
Apr 20
6% May 26
3
34% Jun
Andes
Clayton A
Copper
Corp
Mining-
A F W Products Co Dm
Archer-Daniels-Midland
80%
14%
151/a
*166-3/4
170
*167
;
;30,000 '
'
170'
41
59.
70
60%
62
9.800
56%"
603/8
149%
34%
*146%
34%
133
..
..
34%
59%
148%
34%
146%
V
30
30%
30%
23%
22%
23
233/4
24
19%
38
*18%
38
131
*373%
*130
134
*132
19%
393/4
19
1533/4
153%
57
58%
119
56%
139%
65%
139
68
66 %
119
*119
7% }
106
6%
*61%
.
•101
•'
104
119%
*
7%
102
*100
109
*105
7%
,
*283/4
*101
29%
5%
•10*
101%'
*107
112
•
7%
7%
100
5,255
7%
62
62
37
363/4
38 k.
371/a'
29
29
101
101
11% :
4,400
20,700
63
*55
32
7%
54%
1003/4
7%
170
73/8
541/4
112
7%
470
5,400
119%
383%
29%
*5%
1003/4
11,300
67
38%
55
*30%
*1193/a
54%
*107
109
60
139%
66
36%
104
*10%
119%
7%
7%
21,400
59%
138%
66%
53%
v-
154
*61%
28%
5%
153%
61%
54%
11%
154
18%
37%
29%
31%
101%
*18%
383/4
54%
*5%
31%
•
18%
100
131
37%
61%
"
27%
*10%
/
e55
*381/4
36%
36%
373/4
;
7%
64%
35%
800
*19
*125
1193/8
545/a
37
r
39%
19%
39
131
66 Ye
119%
7%
*61%
64%
37
1,300
59
593/4
138%' 139%
67
52%
7%
24%
19%
*38%
59%
7%
*99%
24%
*125
139
53%
*104
7%"'„>
24%
*18%
38
7%
102%
*101
119%
20
3,900
153%
66%
29
*10%
5%
31/
V-
*28%
;29%
-*100%.101
56
55
30% :•>
29%
11%
5%
31
800
31
154%
58%
: ;
•
30%
18%
139 *
132
200
303/a
18%
67%
132
146%
34'/a
*23%
133
51%
53
*100%
58
139%
34
134
1533/4
153%
"
8,355
.1,900 it
30%
18%
'
603/4
146
34%
*132
19
*127
18% >18%
18% ' 18%
134
37%
133
60%
146%
33%
30%
,
152 %
59%
146%
34%
*130
31
*125
139%
34
613/4
148
133
293/8
54%
8
79%
15 J/a
403/4
*40%
If
—JO
...
170
893/4
80%
14%
41
5
..,311$
Co
Oil
91
893/4
*79%
80%
15%
400
41
30
60% Jun
36% Jun
*89 '/a
14,200
1,000
1,100
41
29%
11'
800
:
10
40%
5
Jun
8
32
9%
40%
38% Jan
Anchor Hock Glass Corp com.. 12.50
$4 preferred
No par
90
*73/4
32
10
41%
28% Mar 19
Cable
8
32%
9%
2,400
137
10%
263/4
39%
A
90
*73%
*32
10
*134
i,io5
31 %
31%
137
10 Va
34%
3
73/4
32%
93/4
32
*134
8 i/s
26'A
36%
Wire
31 y8
*73/4"
8%
3,100
93
10%
80
11
7%
32%
9%
•
theres
171/4
*921%
26
No par
Copper Mining
31%
32%
,
*7%
137
16%
93
10'/a
7%
com
7%
8%
16%
26
Anaconda
46% Mar
303/4
*134
16%
*92%
the Week
10%
Anaconda
18% Feb
31%
137
8
17%
93
Balsa tea
;
•
July 23
9 parehara
26%
2
107
7%
Friday
July 23
9 par ehara
10%
45% Jun
4
16%
*92%
7%
31%
Vhnrsday
3 per chare
26
50%
Sc Smelt
1,500
9,000
108
*102%
10%
common—No par
preferred ———100
$4 conv prior preference—,No par
1,800
13%
221/a
25%
5
7ft
108
,>
10
22%
.....100
....
14
/
24%
41% May 27
98% Feb
Wednesday
July 21
17
*134
170
*18%
Refg common—100
*100
95
18
no
10%
No par
7ft preferred
American Sumatra
*13%
25%
No par
Co
*85
10
10
V
108
9,900
3,000
7
14
22
100
24%
>
95
17%
22%
2,000
47
24
11
Feb
*105
*
*45
*80
223/4
93
7%
137
30
i
17
*92%
7%
30%
30% Feb
111% Mar
46% Jan
Xh
Feb
6
17
93
148%
112% July 15
36% Mar 17
96
22
22%
108
47
*13%
*17%
'
173/4
*166%
>76% Mar 16
11
closed
16%
*92%
Refg common—No pax
7ft preferred
10$
American Snuff common.
,5ft
17%
170
Jan 21
Feb
17%
*166%
Foundries
*45
300
61,8"
7
*167%
Am Water Works Co
7
6
7ya
preferred —————100
Safety Razor—
•
8% Apr 22
56% July 14
104
Jun
2
116% Mar
,
*40%
6ft
24
7
7
14%
American Viscose Corp
Jan
No?
5
9
24%
7%
7
*79%
preferred
6
24
15
Steel
6%
24%
89
non-cum
*6yu
46
23%
79
American
6%
46
883/4
71% July 9
120
Jun 10
Mar
6%
5%
78%
14%
144
Dee
35
68% J an
39%
15%
14
10% Jan
42
158% Jun 10
*39%
89
15
Oct
62
20% May 25-
39%
80
Apr
110% Feb
May
41
May 21
131% July 15
stock
exchange
par
6ft
*39
14%
46% Feb
Dec
120% Aug
8% Deo
7% Deo
13
54% Mar 29
132
163% July
9
Apr 22
24% Jan
5
147% Mar 17
Feb
26
27
Jan 21
18
Jan
35% Jun
May lo
34% Feb
174% Feb
41% May
«116% Oct
140
116% Mar 15
Oct
82%
27
27
22% Mar 12
18
146% Feb
20
Apr
25% Feb
47% Dec
May
18% Oct
116
•
131
>
11%
39%
78%
3c
73
*39
par
Ship. Building Co———No
11,900
1,100
5,200
65
$ per ehara
9%
—No par
73
11%
*63
47
323/4
> 7 ft
2,200
i
33/8
65
July 20
• per chare
9%
Am Smelt
July
i per share
33%
American Seating Co
1,900
600
16%
*63
Tuesday.
July 19
89
American
73%
11%
11%
.
17
LOW AND HIGH IALE PRICES
Menday
*32
San'y com...No
*72%
11%
14
No par
Amer Rad 3c St
31/4
95
Light com—.No par
$6 preferred————No par
$5 preferred———No par
News Co
3%
*13%
8%
Amer Power 3c
3%
1,300
2,900
6%
16%
*161/4
*80
*8
Amer
40
—.———..100
16%
v
37
6'/4
17
73
900
,130
II,900
102
36%
16%
800
90%
29
102
6%
"■
'
2iy4
^
38!%
17
14
1
68
173'
28% July
29% Jan
No par
6%
211/4
903/4
101% 101%
36
36%
30
I,300
17%
16%
95
*105
t
!0.
2,200
46
*17
24%
17%
108%
*105
21
1081/2
/ 46
.
16
*13%
22
17%
21%
24%
108'/2
38%
*80
22%
,*241/4
45%
90%
14%
21%
24%
65
6%
18
300
37%
95
133/a
*17%
BslirAsy
July 17
8
Deo
136%
V *80
p*f
Amer Machine 3c Metals
•7%
7
4,200
98
39%
233/4
j*
American Molasses Co
May 27
163% Jun 11
32
;
•11%
45
*89%
3%
270
44»/4
37%
101%
37%
100
*92%
111
*17
-
.
*63
*45
47
172 »/3
108
5%
65
5%
24%
72%
11%
*170
453/4
6%
3%
73
1,700
90%
*6
16%
15%
3%
39%
5%
23%
-1
1
39%
5%
109
Amer Mach 3c Fdy Co com—No par
3.90ft cum preferred
109
27% July 14
46
Apr 12
38% Feb 11
48% Feb 11
39%
..No par
6
2
12% Jan
9
14
5%
11%
•
36%
16
*62
37
*100
17%
73
12
American Metals Co Ltd com.No par
24
5%
65
*•.
37
*16%
74%
11
*61
100
preferred
6%
No par
19
y
6ft
36%
3%
7
95% May 14
86% May 14
16% May 21
■
170
10
99 Va
3%
EXCHANGE
5
97%
90%
37%
101%
9,100
24 %
90
3%
>
5%
84 '/a
*108%
21
2,700
84
*92%
17%
397/a
98
24
21
39 V*
45
23%
17
1,800
*107
45
*108% 110
20%
36%
*45
170
95
45%
20
14%
171%
171%
44%
45%
'
13%
5%
84%
*913/8
163/4
\
2,900
67 %
108 %
5%
84%
23%
1,800
26%
*66
1,600
1,100
22,800
'
*107
5%
83%
20%
893/4
3%
1
109
67 %
5%
83%
45
36
72
*66
170%
44%
110
45
353/4
NEW YORK STOCK
9
23%
17
50
*107
441%
89%
*108%
%
16%
common
39%
170%
16%
preferred
f per share
39%
15%
preferred
Locomotive
39%
40s
American International Corp.No par
American Investment Co of 111
1
American
39%
26 Va
i
.
'
"
16%
No par
Co
Ice common
non-cum
133/4
No par
$7 2nd preferred A
$6 preferred
6%
133/4
170
1,900
48%:
8y«
57%
'
8
*56%
14
36%
6
26%
*13
5 Va
1,400
5%
47
113%
•'
58
26 %
26%
67%
35%
—1
57%
26
*66
97%
sa
59%
30
48%
8 3/8
26
-
91
35%
Inc
59
1: /
113%
48%
8%
,
10,900
1,400
'
48'%
8%
20%
*90,
i*
10
Export Lines
59
30
*44%
111% 112
48%
8%
17
20%
preferred series A.100
American Hawaiian SS
American
46
,17:
Amer 3c Foreign Power com—No par
$7 preferred
No par
Highest
11
111
48
,
35%
y81933/4
..t*5%'/-
55/8
47
68
4%
110
45
*5%
*44%
26
23%
*108%
10
6ft conv preferred
American Home Products———
Jan
108
tparahara
109
8%
58
5%
47
*66
171
23
10
American Encaustic Tiling
American European Secur
Range since Jan. 1
I per share
f per than
5%
*45
48
8%
514
171
100
5
Jun
Lowest
Highest
48
8%
43 %
STOCKS
Year 1947
30%
5%
47%
109%
89%
American Distilling Cn
2,800
13,200
*29%
53/8
89%
.^.100
88
;
30'/4
*44%
800
>
29
33%
33%
*84% / 88
293/4
30%
1,000
2,200
19
29
30%
44%
Cyanamld Jpq com
conv
*84
20
10%
35%
89%
prior preferred
American
88%
300
188
*18%.
93
43%
i
33%
353/4
82%
com.
19
29
33%
93%
107%
No par
Colortype Co—
Crystal Sugar
19
28%
33%
35%
100
,
19
29%
93 %
43%
81%
Cable Inc—..No par
American Chicle Co
Range for Previous
Lowest
19
36%
1073/4
300
2,800
97
10%
94
No par
—
*93
,186%
35%
107%
100
American Car 3c Fdry com
10
94
1
29
preferred
97
10
188% 189%
36%
10$
Amer Cable 3c Radio Corp
Can common
American
American Hide 3c Leather com——1
26% Jun
27
No par
com
'*93
9%
94%
5%
8,200
»
29%
106
*104%
35%
8
6%
Brake Shoe Co
93%
106
93%
47%
19,500
75
36
5%
10
common
*104%
29
*29%
1,000
52%
29 %
29%
preferred—-100
Note
51%
93%
49
5
15% Jun
19
18% Mar 17
Jan
*8'2
*83
•
18%
*73
29%
93%
1
common
conv
Jar.
8% May 21
11
Feb
88%
8814
3,300
3%
35
Corp
Jan
7%
26% May 20
16
10% Feb
13% Jan
.
'53
25
Oct
30%
Deo
a% May
88
Nor
13
14%
May
,
11
Jan
12
43% May 17
25
Jan
106% Mar
9% May
12
Jun
x34%
May
90
4
Mar
24
77% Jan
20
65
6
15
4% May 15
9
89% Jan
3
6% May
!
3
107% Jun
Jun
37
.33%
48
cum
American
2
74%
33%
111
22'/a Jun
13
65% Mar
19
28%
107
American
Jan
Jan
19
32%
1
•
'
29%s
190
28
*8'3
No par
Agricultural Chemlcal.No par
3%%
9%
189
19%
*45
Amer
93%
9%
190
28 %
Amerada
American Airlines
100
9%
189
7,500
.
80
3Va
75
7,400
100
'
3%
*77%
52%.
♦73
h
2,700
23 ya
18%
'
3%
3%
51
:
104
33%
Alpha Portland Cement—Nopal
Amalgamated Leather Co com-.-l
6 ft> convertible preferred—^-50
Petroleum
104
32%
preferred^
Allis-Chalmers Mfg common_.No par
3%% cum conv preferred
10O
May 18
20>/4 Jun 15
8
115%
9%
188%
19V8
106
28
No par
——100
19
'■:»
■
6,700
108%
3%
80
30
*93%
9%
No par
.
73%
29%
*104
186 %
9
:
.
51%
73%
109
3
24
13
Deo
L
Inc
51
73%
29%
100
1-
—No par
Allied Stores Corp common
4%
♦93%
gtd-100
6%
Dye
*17%
*77%
3%
22%
*106
3%
>
38%
•14:'';;;'/i4%;0i;
23%
108%
3%
<
46
38%
14
22%
fry 1,300
,
*43
39
*106
■
3,700
5
52
52%
20%120 ya
20%
3,100
y
90
;
% 5
46%
13%
iharme
73
*85
'■
523/4
20%
80
73%
50
74
29%
3%
73
.89
*52%
39Va
14%
23 V8
'V 29%
107
Ino
3c
Allied Kid Co
Allied MUls Co
107
*'77%
I per ehara
.
*43=%
38%.
%
3%:
51%
*108
Jun
16
86
Industries
Allen
28
v""
80
3%
51%
•73
par
is
'
46
108%
3%
'3%
18'/// is
•
39
27
4
i Jan
Allegheny 3c West Ry
Allied Chemical
49%
par
No par
$4,50 preferred
*77'
3%
39
49% Jun
11
2
100
.
80%
3%
40%
25
Feb
preferred A—
$2,50 prior conv preferred-No
Allegheny Ludlum Steel Corp.No
17%
18%
*79
1
22%
*106
■
13 Va
Feb
6%
»%%
17%
100
common—
108%
3%
3%
/
13%
22%
*106
3%
20%
,39
<7
13
Jan
6%
preferred——*
Allegheny Corp
3%
9
14
22%
lit)
•107
10
13%
22%
39
12%
6% Jun
28
33% Feb
4Mift
Gold Mining
common.—___
38%
13%
22%
20%
12%
92% May 14
24
94% Feb
Ino
73
,
*85
53%
*43%
46 :<
40
111
5
104% Jan
Aldens
12%
...
90
52
,
20
*43%
,
Amer
lOOVs Jan 21
19
•.;*
Air Reduction- 'Inc—i.No par
Alabama 3s Vicksburg Ry__
100
52%
19%
44%
44%
38% 1'39 '•
Admiral
Alaska Juneau
20%
73
the Week
•July 23
■
'
72
lalea fee
Friday
July 25!
9 par share
4%
52%
68
-89% July 19
47%
Ho par
10
'
72
27%
Feb
18% Mar
19%
—1
;
Corp.
;'•> Thursday
I per ehara
*85
5934
177
Feb
Express
-
6
53
>
73
68
187% Feb 21
37% Mar 16
28%
4%
52%
19
PBlCIf
Wednesday
July 21
•
■
90
59
May 19
115% Jan
May
94
103% Feb
Adams
closed
72%
*85
25%
70
X35% Mar 19
110% Nov
_2J30
73
93
preferred ———.—50
American Bosch Corp class A——1
29% July 13
9% Mar 17
May
Co.
Acme Stool Co
73
*85
14% May 14
9
36
exchange
•ALE
I per ehara
43% May 15
68% Feb 1 9
3% May
9
13
61% Jan
8
75%
2
May 21
\i 7% Jan
65%
Dec
Jan
Apr
20 V. May
107%
3
Mar
80
Deo
Jun
31% July 15
: 6% May 17
Mar 16
Jan
Mar
34% May
14
May 17
21% Jan 30
r
8
73
iJ
96
11
46
!
109
May 21
May 24
Apr 23
33% Feb
Oct
8%
75
34
34% May 20
37% May 15
91
Jun
3
42% May 27
81
/Jan
SB
•
55% July 13
May 13
:
18% Mar 13
105% July
42% Oct
Junr
.4%. May 15
;
11
Mar
39% Mar
30% May>
r
May 18
?4% May 20
2
Mar
22%
s
Dec-'
91
Mar
Motors
stock
No par
Adams-MllUs
27% May 15 <
10
90
Apr
ACF-BriU
HOI
Tmetday '■
July 20
$ per chare
;
'0
$ par shore
No par
torn
Abraham 3s Straus
•
July 19
Addressograph-Multlgraph Corp
21% May 21'
80%: Jun
2
7
Abbott Laberatorles
27
108
24% Feb 28
107
Jun
7
12% Nov
164
90
37
Feb
Feb
70% Jan
76% Nov
Far
14
Jun
15%. Jun 15
:
-
14
2% Mar 15
9 "
1
Mendny«>'
,
July 17
46% Jan
75% Mar 19
Feb
v Feb
:
-
40
14% Feb 26
6%
Dec '■/
Jan
3% Apr
,
23%.May 15:
'
101 ■: Mar 11
Feb.
Jftn
44
90% Not
30
July 19
102% Aug
Dec;
10%
11 1
'
22 %
2
May 14
6%! Jan
53% Jun
Apr
6
Feb 13 <
7% Feb-10
6% Feb
31%
2% May f.
27%
14% Feb
Feb
112
Deo-
11
V 28%
10% Feb
Nov
79% Jan
100
11
42
Oct
38%
16% Deo^
25 % May
66
Jan
4% Feb
Jan
40%
rt
:
6
45% Feb
Oct
18% Oct
38
May
3Q% May
May/
28% Dee •
100
>.'•
Feb
f 60
Apr :
13 V. May *
Feb
STOCK
EXCHANGE
I per share
64% Mar 17
80
July
NKW YORK
v
V.'/.'V
Highest
9 per share
Jan
110
Jun
Lowest
;i
,,
.
100
:;*io.%
•:/"-.*5% " 53/4
•
30
30y8- f
*5'%
*30
900
27,800
.
f •*
■*•10
•
60
55% 'Z
29%
.
30
1,400
100
*54%
>
>
i
2,180
29%
*28%
55 >
30
300
23,000
38%
•
;
•11%.:,.
5%
*!^'.-i5o
30%-.^: U-1,608
'
.
.
1948.
Monday, July 26,
14
(354)
Mfcing* for
$ per
9 per short
f.per short*
short-
37%
May
9% May
Feb
Dec
130%
99
103
110
lflk
100
41% Feb
10
Jan
88
2
12% Mar 16
13%
Dec
20%
Feb
Dec
132%
Feb
100
Feb
94
134
Dec
99
68v
Jan
84*
FCb* 11
Feb
#6*
60!-
24% Ma/j
97%
•
98
July 20
Mar 30!
20%'
*
Drc
29 %* Jan
Deo
ft, 27%. Jan
14% JUly 23
756* Feb
Dao
49
^
"28^ '2^.
97.yy
12%'
.
.
.,
;.m% 4
100"
98
f* 13
10:
Refining
54%
54%
"101%
103%
%
31
93%
21%; : 21%*. 21'
21%51% 52
51
108'
'
109% 100%108V; * 24%
»20%/:25^-'-V-c«» **22/''
6%'*.
*63/V-'
6%
7 ;"
14'
14Yrf
10 Vi* 1*1'%15 Va-'*; 15%
5% -6' '
41
42, :
'
Amer—5
48
1*1
10%%Jun*; »
Babbitt
lf% Jun* ,3 -
Baldwin Locomotive* Worker-
13%
24%. Feb
Deo
7% May*
2b%« Feb
69*=
Jam.
•
39%
Apr'
20%
Dee
35%
83 %
17%
Dee
96 %
Dec
•
•85
2,800
51'.,v
51%
1,830
•
40'
Juri*
39% Mar
18%- Oct
12% May/
10% Ma/.
16% May-
6%
C"
14%
im
12 v
15 y8
15'
15 s
.6
5%. :
26%
26'
27
16
14%
14%
15
15%
15%*
15'A
27'A
28%
19% Mar 22
18% Mar 18
24'A Jan
.2
03 % Mar 10
103% Jun
15
11
•38% Jun
11
26-
Feb
15
July 19
Nov
21% Ma/
26% Jan
Dee
23 % Jan
103 %*. Feb
•
20
Juri
21% Jan
26% July
18
78v
■
Bendlx
Bendix Nome
24%
Deo
35Wt Jan
23% Feb-14
30 % May 24
19%
32%. Oct
25s
Feb": *17
•37Va May 27
Best-
Apr
30*% Feb
133%
Jan
150
DC*
3:1
•
~13%
18% May*
18%
59V
19
Dee
116*
Jan
25
88%
Feb
49% Jan
44% July- 8
Jan
6%
Sep
Feb
39%
Feb
13%
96*
Jan
30
:
*27% Mar 17
Feb
31%
23% May
63/
No*
Deo
15%
Jun*
95
Dec
34 %
93 'A
*
*
90 ya Feb
Feb
15% Feb 11
27%
Deo
32
17% Feb 14
23%.NOV
20%
122 y2 Jan
Deo
125
37%- Nov
.
15% Mar
Feb
-
i
88
13
.
17% Jub
,
;
79
.16
Murllngtob Mills
4% preferred
Jan
0
89
•'
2%r-MaT 17
3
1
2
Jan
9
4% May 18
'
' Jen
90% Jan
27% Ool
23% Feb
105
15
July
common—1
cony
9
Butler- Bros,
comrahna.
4 %.)$-• preferred':,
—
Butte- Copper $r> 2!inc-J
.——18
100
Bgnrew
40 % Jun
180
23'A
24
23%
24:..
24
4,500
42%-
4,400
61%v 61%
8,300
'
61%
30-
*30y2
31
31%
31
99
*9.7
99:
31"
18%*
70
10'Va
70%.
36%
85%'
17%!
9%-
-
37%;
22%
21%
90
92
90'-ft
90
:91/*,
*79
83
91%>
91%
9
8%v.
-
*92
*83
86*
:
3%
3JA-
:
.
31%
102'
39%
39%
39%
22%
22%
22 V2
22%
*90
ft
30'«
83A
12%
12 %
82 y2
,3,'%
3%
3%
„
'
24%
24%
81%
-
Deo
1%
Dec
Jan
x5*
27%^Mar IT
52
3%
6% Mayf 1
8%
Feb
21% May
■
34-%
17%
Feb
?
132-!
>
Feb
S
6% Feb < 11
24% Feb
Oct
12% May;
Dee
110
Jan
!%.Mar 11
Feb
11
•11%.July 19
106
/
July 19
"
33%
*
NO*f
11
May
For
H'
•
Feb
Feb
87% Feb
footnotes
see
page
v
Mar
10
'38
47% Dee
.14%
Apr
M
r
■.:;14% Mar 10
15%
9% May
38% Feb 11
25% Feb
Dow
18
v
48% Feb
Deo.
38
V
ll
' Mar
.
1
Sf*
May2g;
3
May 17
0% May 21
31 Ve.May
7
15%. May 21
no:
Jun
2
44xl9 %
May 14
May 26
14
California*
Campbell W <b C"Fdy_
,__Nopar
Can- Dry Ginger ,Alw> cObw_^__1.60%
$4.2$' conv preferred'
: No par
Canada Southern Ny- CO^
100
Canadian- Breweriew.Ltd—
No par
Canadian
19 V8 May
47 Va M a y.
Cannon
19
Feb 13
Iff
May 15
21
55
Feb
48% Apr
24.
4
15
0
Paaifia
Ry
»
We par
MUls
Capital Admin claae A common
*
89
preferred
A
—
1
18
i..
i.
53'
2%
6%
.
2%;. "2%
J6%. ' '6%
°20
28%.
12
100
y
108
*
2%
'
-
nm-'
15'
.
42%
*
*15%
'
TV%'
1'6%
42 V*
15%
27%
27%
ft
*41%
*17%
107
..
•
ft
:
18%
42 %
*16
16
•*53
"54
27%:
ft
v'
>
3%
V 25%
.
90
v-vft". •:
54
2%: -;./
6 s. s
6%
6%. uft'ftt'
28%
28»A
12
*17Va.
18
:108f-
ri0%^
16%
42-,
,*41
"*17%.:
,ft 16%
42%
16%
54
:
.*42%,
,
*16'/«
;
28'A- ft
l2Yt». S108 ft
;
4318%*
16%^,
43% f,
16VrM
54
?
i f
,
I
700 W
31%
38
38
*53
1
1160
2,200-.. S
"4,400
'
2%i
43%
f. *53^ ft:
3%
31%'
106%
*
3,500
•''
2%
106%
*16%
>1
12 %
25
12
12
;i
100
102 Vb" 102%:
38
*41%
c
V
24%
54
v
ft2%.
6 V2
43%
-WiMi "16%
42
*53
ft
12%
11%
£ 107
•41W : 43 *
v
6V2
37%
37%
53
'
1,100
ft,;
12%
31
31
31
*30%
30%
15,300
8%,
95
*82V2ft 83
102-
102:
103 :
1
J
16%.
8%
95.w
84 %
24
ft
93%
16 Va
A
12%
84%
37%
Dee
34%
Apr
8%
95
*93'
'
24%
*91%
*78- ft* 83
r
16%
16
9%
91%
83
*76-
93:
17%
ft. 91
91.
91%
-
91%
92%
*83A
*102
84%
39%
83 "
3%
,
36'A
k~
17%*
84 3A
24%
102%*.
71%
36V4>
*83
12%
;
70%
36%
86
17%
91
.
*
93
-
12%.
84%
70%
36%
16% ,16;%
l
8%
20%
123%
17
.
102 34-
30
16%.
70 V8
*84' '•
10
400
10 '"•'•* 10%
23
ft
.
20%
10%
40.
t
*76-
3%/.;-3%.
24
24
23 Va
90,
v
.
.•
1,200
ft
123'/2
20%
124>
2,900
,3
Cvj
18:
22%
*90
91%i
'ft 93
113A«.
12%'-
11%
♦84
Packing common. JNo par
8# preferred
.
—80
Callshao Xlnc-Lea* 4_—...
1
Calumet A, Heela Cons Copper
8
15V8:>
16%
39
-83>
*79%;
15%
83A-
.
f
20
i:,
ft | 99
20
10
86
r.
*17%
22%,
•90
36 ;
ft
*84%
853A"
40
70%
70 Va
31
20
i
' 19 3i
*97
.
20
20
.
10%
99
.
19%
30%
97
,
*123%
124-!
10
36
17%,
38'-
*90-
20? 4
zO'/a
(
;
36%
17%
2l%-
20
-<
*123%
85%
38--*
102 3A-
20%'125'
70
17%-
97
20
29
*123%
10%-
85 V2
29%
97;
*19%
2,400
30%
-
4,400
1,100
30%
19%
19%
*95-
?'
36%
9%-
99
*97
3,900
9%
32%-
30V2!
*97
ft
30%
30
*283/4
19%
1233A-
%r
30%
19%
19%
*19%
6,600
.
31%. *32%
•
*95
9,
54%
32%
32%
31'%
32%
19%
,
9%
9%
32%
29%
ft
8%
*49%
*40-
1.400
41
40%
,
800
4%
,
9%
32%
20
70
40%
8%
8%
220
94
*4%
4%
38%
*40.
*
9%
97
*35
43'e
9%
42%,
*91%
94'
*91%
38
23%
61%
61
.
4%
4%
"31
'29*'" •'
18%
62
94
30
42%
42%
42%
'
"42
*91%"
8%
♦40
31%vft
123
Jaekeea
35% JUn .10
43
99!
19%
19%"
4
U
*42
30
*28%
8
Byers Co; (A M) commoa
No par
L
lit participating preferred—10#
43.
*37%
32%
—
27% July.14
Mar 17
Cofpc
4J
i;—100
2nd praferred
100
3Vi-ft preferred
_i—100
Burroughs; Adding- Micftlnt—No par
Bush Terminal
y
1
Bush Term Bldg 7ft preferred—100
3%9i"
*
3
15%'JUn'. .2
Mar 12
78'
22%. Oct
3
80
43
9%;,,
*95-:
■
Cife RiO-!————8
Buldva^ Watch
Juri'
97% JUly
Mar, 16
9%" Mar 16
108'%* Jan
6'
Feb
.
10% JUly
7 'AMar, 16
,
1
pfd—100
*78%
42%
•••1
'
'
1,200
79%
42%
4%
8%
•
30
24%
29%
59
54 VB
-
9,500
79%
4%
18%-
24%
24%
*91%
38
•30'
900
16%
44%
23%
291/b
42
63
94
*97
*16 Vs
*43
80
»
I
3.700
24%
'A78
42%-
j
6,100
29 %,' 29 %
30%
24%
*29%
,
23'A,
29 >A
800
16%
29%
16%
23%
41%
„
33%
16%.
41
80
,
Shares
$ per shorm-
79%
24'A
30'A
31
the Week
33%
44%
*43
*43
fee
Sales
Frtday
July U
16%
16%
16
16'A
44
25%
No par
1
-JUtt 18
i3
Apr
12% Feb
24% Feb
104ft
May 15
24% Jun*
;
-
Bullard; CO
97
*100
77
Jan
Dec
,Jan
Buff. Niag-.El Corp; 3;0Ofr
79%" Feb 26
Mar
88
JUtt 15
40"
No par
$3 preferred —t
Buffalo* Forge Co_
28
29
1,800
34%
*33
16%
.
200
11
short
I per
^
34
i
3,400
n
.
34%..
July 22
i per short
40,500
139
*137
Thursday
29%
30'A
common,—18
No par
21A
Mar 31
81
16% Oct
10
July 12
43%'Jurii
14
:
96%
July, 2
May 15
11'A
17
m.
*
11
V
ft
1,400
4,900
.
33 % $
10%i
34
2,600
,
-
.
27%, 28 %
•-;34»A< 34%
35 Vac 36%
33
29 %
9%
„
138 »/8
32%
16%
8
.
35%
35%)
*137
29*.
*40
-ft'
34%
16JA-
4%
0.
27%
17'A
37
•
-
33 3A
27
,
4,900
15%
.
*78'A>
July 21
,
,15
,
82%
33'A
58%
*
15%
.
700
10,500
34%
24%
HIGH SA«a PR»nc8
Wednesday
short*-
t> per
33%,:
33%
33%
r
10%
10%
,
24 %
Tuesday
41%,
•
33
.
103
34%.
'
16% Mar. 16
22%. Feb
104% Feb
Inc
Co
32%
*100
103
*78%
«A
138
138*
20
82%
;
36
35%
.
20
24%
34%
34
35%
July 20?
sHart
*91%
..
preferred —!
$3.60
90'% "Jun 21
8
29 Va Feb
Shoe
Brown
Bucyrus-Erle Co common-—,
8
1%
preferred __:
;
106
Build (The) Co common*——No par
75
6
Jan
83
Apr
100
preferred",—--l'W:
Brooklyn Union GaSi
,-No paf
3%flh
.
BfrunswickTBalke-CoUender __No par
11%
20
Mar 30
x32yajFeb-i3
,
38% Feb
-
2
28
138
800
20 y4
15
(
82'/2*
:
1,000
16
•
24%
*78%
10%
■/?
15%25
x27
31V2,;
10'A> *1©%
15%
33%
34%
*137%
18
33
27% *
33%'.
34%
35%
138%:
32%'>"32%
;
25
,
18
16
*100
34
-.
1,600
17%
16'A
20
,
82%
27%,
22%,
Stratton
Bristol-Myers Co ' common—,—2.30
•
"
23%
*78%
28%'
79
11^
—_No par
—«_No pa*
No par
27
124%
8
.
Feb
65
—•
24% May 1.
X22 % May
'
Feb
102%
82%
41
2.50
Inc
it
Brlggs
Jam 1,4
July 22
-
97 "
13
:
8
14% Feb
86%
25
30%
ir
.8
of AmericshL
33
33%15%
23
*
.
S
100
Co—.
Brigga Manufacturing!,
21.% May 22
*
Feb. 06
27 ft
Apr
.
15%"
24'/2
32%
103
34
37%
37'A
37'A
16 Va
19%
*101
,
12%'*32%
17'%
.
16%
19%
-
15%
16
•
9
.
Aifwi/'s
Brewings Corp
Bridgeport-Brass Cb._
May 18
37% Jun
15%.Mar 16
Jan
36%
106%
;.'.Br*hiff
101% Apr 27
Feb' 5
Bearing
18
16-'A
103?*
*101
33
*43
1
If
•
(
-
(The)i
Roller
•'
25 %
27'A
CLOSED
No par
cum
Bower
Jun 25
36% Jun
*
28%>Mar.lO
^Jan
109% Apr
28% Feb
Dec
25%
19%
37%
16
preferredBoston <b Maine RR (assented)-lOO
3%%
10%' .May laS;
%-7l'
Feb 10
11% Ma/ 15
25 Vb Mar 16
1
'30%
.80
19%
37
16 V2
19%
36'A
■
,
34
*32%
33%
'.
•'*
■ava July 20
Feb
40%
May
'
8
7y8 Jan
i6o»^?;Ai5y;.2a'
Feb
16%
16'/2
34
*17'%
36%
17%
16%
9 per
ft
r
Borg-Warner* Corp. common-—'
5% May 15
42
Co
Borden
May 24
96
3% Mar 16
Feb
Dee
Bond Stores Inc
66% July 13
33%, Mar,. 18
Doc
9% Deo
17%,
July ID"
+—_Nopar
Class( H* _■
9
44% Juni1
i
2
May
Jim 19
27% May 1J
Feb 24
11
7
la
Jan
51
20y«fMay 4
38
42% FCb
32
/- 84•'
*36
17%*
Monday
EXCHANGE?
Boeing Airplane CO'—. ^
4
f
Bohn Aluminum 8^ Brasai:
•
Boa 'Ami Co class Ay—-i!^?No par
96"
July 19
88'
102
Dao
3% May
36-
138%
'
f psr short
—I
2.50
Co—-L—
Laughlin Inc
Bloomlngdale Brothers
'
.
far
*
-
Bliss
i 37% May 18
Oct
: w*
,
,
Bliswt (W W)
i 29 % Apr .16
41:
Jan
35%
May
37% May
,
67
.38% May
.
EXCHANGE"
*
-!-!
21% Feb. 10
Feb
3;eoo
LOW 4N1>
17% May 15
f
12%
*32 %
t
12%
12%
12%
12%
92%
*91
92%
*91
.
13%
34'!
July 17
34% May. 27
-'
11.
*91
200
19%,.
19%
18%
34v
■atarday
aw-Knox Co_
No par
Sack Decker Mfg Co——No par
29
MaT 17
77!'/8 MW16
24% Oct
Nov
Dec
•'
'
STOCK
32% Mar 15
14% May
29%
45%
Feb
15
41%* July
28% May
^No par
JNe par
19% Ma/18
i
22% Marl6:
Deo
,
36% July 15
Feb. 11
.'
35 V»; Nov
14
May
Feb 11
;
x20% Feb
12% May
20-
*13>
Jan
38
May
800
92%
91
33%
!
9 psr short
f per short
short
19%
12
34'
MEW YORK STOCK
Highest
Lowest
-
25
14
*19 %'•
15
com.Nopar
Blgelo.w-Sanford Carpet J
Birmingham Bleetrlr Co.
Ma/10
14% Jan
10
r
(Del)
Steel
*
Highest
9 per
37 V*
20
19%
25
preferred—___—__I__100
Tft
:14
Range sinew Jam 1
..
Lowes*
1391A July
87%
91
■TOCKB
Range-for Previous
Year 1947v
9 per short*
i6
Apr* 28
9 % Jun
18%\ Jan
Deo
Mar
125:
Foods!
Bethlehem
14*'
Jun
38
27
1,300
*86
*32%
27%,
2;100
87%
12
*78 %
19%
36
*86
17%
_10
19%
36
19%
19%,
86
36
10*61 No par
1
4
i.
1
k.\
12
86
91
31 %
12%
4.200
86
19
103
12.800
12%
36
18%
*101
260
30%
12%:
*35%
19%
19V2
44%
40'A>
*43
-
44%
39 %<
20.:
1,700
25%
25%
30
400
.
36
87:
*16
3,800
•
■
36
11%
ssr• of
,Co!
Ik
*19%
77%
;
40%
*43
:
11%
11%
19%
90%
•
Loam com
pfd $3.23
Cum
Best-
11%
86
-*32%
25%
16,700
■
:••*
*46%-, 47%
V.
35 % ; 36
•
18%
Appliances-—i._31%«
Indus
Beneficial
9
36%
*86
.-4—100
i
Aviation—-:
9
.87% Mar lo
•
19%
35%
.
preferred-
'2
;
10%.
19%
10%.
19%
47%
39%
39,'A
39%
-
45
*43 %
45 ft
39
-
4%%
25 %
25%
25
44*
*
41'ft ft.
?
10%
:
——1
Aircraft Corp!
1
a? Rowtill Co'commob—
10
Bell
15% Feb
•'
39
.47%
*76
25%
*45%
25%
26%
46
24
*44
8
!—-j
47%
>
28%ft 29% '.
28%
77.■
47%,
77
♦75%
48-
*46%
42,000
27
26%'
27%
26%
7,300
27%ft
,
-
1.300
16%
*15%
•
77;,-
28
.
75%
75%,
76'
46%
Works ;Corp
Iron
26%v»
1,100
1,300
14%/.
15%
•
' 3,800
41,500
15%-
14V2
14%'-
300
.ft •
42%
43
14V4H
157/s^
14%-
(
ftftil,5b0
6%?*tr 6%
42%
41'
15%
15%
,.tft-170..
•/,
'6%v,'- 6%
*141 .'14%
ii%-;ii%
14%*; 14%
6%
*"•. 5% '
'.
4iy8
14%.
-25%
.
.27%
*75%;
Belding-Heminway •
.20%" May 21
Bill
•
25%
Sep.
77%
5
39%* Feb
May
17%
.34%-Apr;, 8ft
:37% JUly 23,
11
14%-Feb' 10::.-
106% Aug
Dec*
28
Feb
32% Feb
■
16%. Jan
24%.. Jan
..
100"
Jab 0
15% Apr 16
86
<30
Feb
Dee*
95
•
JUly* 1
8% Jan' '2
:
Feb
12-1 Jan
29
'43% May 15
2
.
Co„
27%«
25
26%
94
106%: 106%
*20%.
25
.
23-i'i
14%-
.
41 V»y
i4%;;:as%v
15%
14%
540
21%;:; 21%
12%'
14%.
*
42 &
14%,
920
109%
93%!
6®b
14%*
:liy2
15%
16
>14%
14%
;
1
No par
common!
21
*3%% cum convpfd
,—100
Beaunit Mills,
Inc
—!—2.50
Beck Shoe' (A S) 4%% pfd!
100
Beech' Aircraft Corp:
1
Btech Creek RR
!—_—!—
30
Beech-Nut Packing*, CO10
B*th"
90- , Jam, 8
22% May - 8
Feb
OH
Bayuk Cigars Inc
Beatrice Foods Co
2
16% Mar 10
20%-Aug
30%
7
Ki'/a Mar 31
23 % Jan
-4*
Feb* 13
J31*
Jan
108%
5% Ma/:.
11
24
.18% May
Jan
110%
Dec
Feb
9 % Feb
19%- Feb
24%. No*
62 V
44% May
Bdrnsdail
9,
Mar 24
•
•31
Dec
Dec
Jurr
8%
18
45" Jun* 15
59
20% Apr
•37
54 %. Jan
Deer
12
May 14
28% Jun 14
X42 % Mar 15
28Vs July
May
18
31% Jun 22
•80% May
Feb 11
•60*
Feb
55%-Jan
Deo*
♦2%
45%
29% JUly 14
13% Feb' 10
16%' Feb
9% May*
80'
16% July 13
11
15% Feb
•
15%
I
InCu—
1)
Bwltimore
Je Ohio* commons100
4nbn-cum preferred!—_—100
Bangor
Aroostook- common—50
'Cohv. 5Ti», preferred—t
100
Birber Oil Corp (Delaware)-'
50
Barker Brothers common:
10
4 VxV*
preferred
:
:
50
Ma/4.6
10:'
16%-, Feb
11% May**
(»: T)
100
*25:000
46 y8
51%
*22-
ey8
*14'
6'
-
*
1,900
94-
leevv- 106 Vt-
25v..
*22-1
15%'-
5Ta
*'41
2,900
21%
i
-
51.
5i%
51 y8v
nOBVevlOS.'
121
15"
-
" 1,600
V
.
109%
'*
'
14'
11%
'
36%
73
;
45 %r
109%
94''-
2114"
21% .,21%
.
*13%
14 800
17%
*67'/a
150
J2.400
56%-v5*7
•36
.
B
12% Feb 27
105
140
•
ft'
■
.
ft
.
111%
17 %•
46 Va
*■103;.
31
Ill
12 i
45
ft
102%
100%
56'%
*67%
16%.
103
103
2.400
4«6O0
.
i
•
-
-
45%'
109;
109: ;
94V«V 94%-
.
■
t
22
ioy%-. «
94«^ 94-%'/
*
100
16%
101
.
109*
280
*
ft
,
100%
•17'fev;i l'Ty.' :
159'%
94%
109 ■
:
16%
,
*307/8"
.
111%
*„
i:
16%
.
31
103;
73:
'•
16'
,
102
u
-109
44 Va
320
96 v -96%
112%'1123/i
*16
102
102
104
-104
4,300
55.
54%
:
'
*67 Vz
100
13 % Feb
:
:600
-
•*
A—19t,
35% Jan
May
13
19,70d
100%
.
*■35%- \ 37-/i:
A/eb" Mfg. Corp (The) comabn—3
$S.2f eaay preferredlis pa*
2"
390'
13%
*■99%
.
-
20,800 ;
13
100%
r 54%
100;
.
fAareft
,;
29
97%
'13 Ve
;96%*05%' J96%"
; lii^ 112.
'
*Hl%nU3
"16%
i6 y8
'• ♦IBVb
16% '
16%
16 Vs
-.ley*, 16%?,
;i6%* i6%1'6%* 16%*
.25
common—•
^ :4^ conv- preferred';serier
Preferred'$8.75 seHeb*
the Week
97%
*93%
,
**• *- ~
Sales" far
^8%
-
93
97
•.
13 %-v
54%
28%»-' 29fi* ^ *
•
•
1
prefe"rred'i__r__100 ;*-
Autocar Co^
i___*
Automatic Canteen* Co.of-
T% Ma/17
Jdn*
~
Austin Nichols common-——No par
Conv prior, pfd ($1.20)j£
No par
19% JirtiV 8*/
;
Feb
Da*
10
'
No par
—
9% Ma/21
■4% Feb* 20
.
RR_
Llne^commeit—i
Atlar. Cotpi-1.
-W—>
3
Atlaa-Powder common*.-—No par
4#' cohY'* preferred^—^
100
Atlas* Ta'ek* Corp.
Jtfd par
9i
16*% May 21
Jan* 10"'
19;
28
10 % July
May*
Jttaf-
24%' Jam20":
5% Mar 12
13
'
*
64% Apr 16
114ft
Feb". 25>
Jau
Atlantic
0'
25'% May 21
Petit 11
..
"
JUh1
.
I ptr.thtrt
'^••100'^vt'100--i- 100*5* if:,53
54%
96 r'96% |
li2%''
,ftH%'l-12!*H:
•1*$%:-?16%V •
16%-fti6%—
1S% HGW
104 * m4 - ' .
100
July 23
10-.y
5 V, non-cum
juiy 12
50%
99"«
18%, Feb
Deo*
'98%
12%
No par
F Inc
Atl G A ,W I SS
114',
9
51
12%, Feb
ft'
21
Feb"
20
27 %v Jan
5% May
Feb
104*
July
July
73*
121f
Dec*
22% Mar.v
4%
99%
98%
EXCHANGE
100-
Friday
July 23
Thursday
July:.kif.
.
pgriJtiere*-'
I
**«,..J 9 &?-$&&& '
"* STtfCtt w " 284 29 •.
>20ft 28%ft
com
Atlantic Coast Line
July 14'
47:% Mar 1
70% Maf:; .5'
22'
102
•0*:
'
Apr
Jan
'30
Dec
%> 8ep
105'
Aug
; 26% July
113
i? Dec.
15'%
A tTv
PRIClfS'
yfednesday:*;
Toesdiy:;.
juty yr J;;
Monday ft,
July 19-
f
_10
$0* cohv■ prior preferred!
Armstrong. Corfe. Co
11
62
0'
25% Jan
Mar
40*''
Aplr
17%
Jan
49%.Jun 24
11
Feb 24
45"
Feb
34%
77
Nor
13
•
56%
23% Jun
Jan?
62.
67
3'
Mar
*14% Feb
Feb
; 59
40% May
111%
Sep
18% Feb
10% May*
91
5
26
' Jan
34
Dec
34%
16
Mar 12
99"
V
May
105
Feb
112*
Dec
25
*98'
5
12% M«tr 12/
99
.
July 17
No par52% 53%v .
99%*JUn 1'4'i, ft
$8:75 preferred—
-No par
96 !T 97%f'-|
115%. July 12^.lr $4^.cumT preferred oohV—_No par
111%;
r
18% Jun.' 2
Arnold Constable Corp
3
*16%ft 10% ' '"
mwiy isv*A/tiootmcaTpetr• •*.•*-.*•
19
May 27 • ; Aetoclated' Dry Good's commbnt-_l;
15% 16% '
111
May 10
&%■ - 1st* preferred'
100 ,
n02
105
106
July 0.. ' ?
preferred
^u-lOt
102
102
3b : UUn! m& AiSbolates Inviestxnent Co.
It
30% 31 jr
1-17%» July 15
Atclp Topeka* ii Sant**F**edto_.100 ; ^
^
108^" 1114"
107%vJunt.%
5%'- non'-cum preferred*——
100 *
:; - *102%
29
Feb
14
Jan
17%'h Feb*
lO%iMay^
*
9** ft
.56% Jun
Feb
19.
Sep
MMtf'"
closed
91% Feb
104% Mar
14
*
11% Mar 16*
Jan
91% Dee
Arrxico Steel Cbrp com....
\Yrfc comr preferred-,
32% May 2t.
Jan
55
•
p
Fifc-
*•■"."
•
101% Jun 25
17''
Feb
90
15% Oct
38% Jun
v
.
^
fptttftartk
;
11
*25% Feb
Feb
109%
24% May
MEW YORK STOCKt.
/
lM»w«et':y''>;M:.';.:\~..HigjtieMi''.
ft
Highest
Lowest
Range slnee Jan. 1
.
8ALK"
ftftft
STOCKS*'
Frevibtts
Year 1947
RECORD
STOCK
YORK
NEW
/
IJXI'wU.'■
Volume 168
Number 4719
THE 'COMMERCIAL
&
FINANCIAL CHRONICLE
»ufa',Jfel 'U"W'<£ T'zj/Tl
(355)
13
_i—
NEW YORK STOCK RECORD
Range for Previous
Year 1947
Lowest
•
since Jan. 1
Range
Lowest
Highest
I per share
I per share
NEW
•.."•
I per share
Saturday
ft-,
t per share
Far
'
Monday
July 17.1;
July 19
t per share
prices
bale
HIGH
LOW AND
STOCK
YORK
EXCHANGE
Highest
Wednesday
Tuesday
July 21
8 per share
8 per share
8 per share-
Sales
Friday
Thursday
July 22
'
July 20
f per
Dec
15 %
Nov
Shares
share
Jan :
128
5% Jan
Jan
2
100% Feb
8% Mar 22
Capital Airlines,
Inc
EXCHANGE
_11
—
.100
18
110'AJun
2
Carolina
Clinch
&
Ohio
39 % 'Jan
27% Jan2
31% Apr
3
Carolina
Power
&
Lights;— No par
50%
321/4 Mar
41% Jan
12
Ry.
.
-
6%
6% '
STOCK
108%
30%
38
38
*6%
x 6'A
6V4
108%
30%
6%
6%
1,800
6%
6'A
6%r
108 "4
*108
31%
31%
*31
38
38
*38
40
31%
38
V;
108'A
31 Va
*108^
108%
*108
39%
108%
*108
'
27
Dec
38
•
Dec
•
12'/8 May
21
35%. May
Feb
45
6
Jan
28
% May
132
Dec
*97
=
Oct
14
35 V* Mar 30
Fob
'
Dec
158%
Maris
6 % Mar'
Jan
130v
53
Dec
22
Jan'
•108%
1
19% May
19% Dec
156
<■
1
Apr
13
97:
Feb
10
105
123'
Feb
11
140
Feb
18% May
Feb.
16% Juri
July
25
lu%
'•
4% May
11 % Dec
96
Feb1
%
►
Apr
12 %
iV'T"
'10% July 13
:
12% Jun
Dec
Oct
102
C 8%
2
•
6
Mar
108
Febi■4
83
7% Jan
10% Jun-23
14%t Feb
8V« Mar 19
Jun
22% Feb
13% Feb '10
30
24% Feb 28
33
27'"
19% May
Dec
Feb'
'
110%> JW,
■;
*10% May V# 20y. Feb:
23
-Jan
>'•'•■■ 30 '/*. Oct
40% Dec
v"S4% J»n
•81% Dec 'tl02y3>July3% Apr
7% Feb
5% May
6% May
'•
18
17% Feb
-
30V
37-:.'"Jttly 10
Feb
-
10 V* Jan
Dec
6%^'Feb
«% May
23% May
14%
Feb
38 % Feb
28%
28
•.'•<19%
19%
-
Dec
15% Feb
Jan
21
4%
Nov
7% Mar
Dec
Feb
103
136
138%
230
11,300
19 Va
-
16%
;9%
29'A
*19'A
19%
16%
*19
17
.
29%
16%
16%
400
30%
30 Va
30%
19%
*19'A
19%
100
16%
30
16%
16%
3.400
9%
12,600
*19V4
9%
9%
9%
10%
9%
10%
10'A
10%
10'A
10
10%
1,700
34%
34%
35
35%
35%
36 Va-
36
361/4
3,600
7%
7%
7%
7%
7%
7%
2,000
104'%
104%
Vioieta
de
Cerro
10'A
9%
10
105
103
*80
" 81
$4.50
:>
8
105
105
*105
*80
81
Sugar Co
Pasco
*80
9
29
Chic
.
25%
27%
26%
26%
27 'A
11%
11%
11%
11%-'
11'A
II'A
11%
11%
11%
———.
10'A-
79%
10%
*9%
25%
25%
25 Va * 25%
1
15%
16%
16%
16%
28
28
*27'A
28%
N* par
preferred
& East
111 RR Co
22%
98%' *
12
25'A
25'A
25%
3,300
17
17%
17%# 17%
15,600
37
37%
83
83
37%
*28
7%
Series A preferred vtC-I—>100
35%
38%
36
Chicago & Northwest com—i.No-par
5%
49% July 15
preferredl——
May 21
49% Mar 20
5T-
Jun
18
39% July 12
Chic; Rock
22
71
10
July 22
14% Feb 11
2
3
4% Apr
7
63% May
&
Pac RR
Chickasha
Co
Chllds
2
5 % Ve
3
Cotton
Oil——
31
Feb
18
42
66%
UCt
52% Feb
11
65% Jun' 10
23
Nov
29%
Jan
23% Feb
4
29% Jun
Cincinnati Gas
96
Chile Copper Co
24
13%
13%
14
7%
8
*■
10%
11%
10%'
11%
'
37%
37'/4.
38
37
38%
29,-700
37%
38'A
V
14,900
21
21%
46
46'A
35%
35%
51'A
51'A
300
37%
37
37'A
13 300
69
20%
21%
20%
21'A
44%
46 %
46
46
>'
35'A
35
35'A
35
35
.
53'A
52
52
50'A
50'A
37'A
36 Ve
37 %
36%
37%
37
66
67
65%
66%
66%
67 %
67%
68 'A
10
10■;->
11%
*10 Va
11
17
*16%
17
3%
3'A
48
16'A
.
16%
*16%
3%
3'A
3'A'
50
4,400
#•
10%
17
#
49
50
IB
40
40%
61%
48%
431/2
50
38%
39%
*37%
60%
61%
61%
62'A
29%
29
.
4b
48
460
•
110
28,900
'
17
<b
Elec
com.
5.10
-
iOO
28%
*95
111
28
20% Mar 13
27'
24
36% Jan
48 % July
8
Cincinnati Milling Machine Co_'—10
C I T Financial Corp
No par
23%
48% Jan
44%
34%
NOV
28% Mar
33
3
City Ice & Fuell_
30
11%
Feb
7% Mar
30 Va
7%
8
May
78
Deo
Feb
Feb
94
Mar
12% May
20%
23
May
34% Nov
•5
Jun
34 %
Nov
Feb
x94% Mar 11
78
107
95
Jan
43% Jufi
Dec
27%
108
115 %
Jun
33% July
108
Mar
Nov"
'
71
42%
14%
32
Dee
101
'
101% May 26
9
9
Jan
10,
34% Feb
10
105% Jan
176
'
29
6
Jan
72
Jan
1
Feb
42% Jan
14
Dec
24%
Feb
Dec
140.
••
•'
48% Mar
Dec
Dec
Feb
154
91%
Dec
35% Jan
30% Mar 16
Feb
147
81% Mar XV
Year 1947
May
*61% Jun
1140
May
33
87
18
153
Jan
61.
1135
May
1332
56
Jan
12
,
16% May
8
103% July
»
Dec
July, 13
108%
*107%
108%
*107%
Feb
11
183
July 13
Pitt*
July
37% Feb
88% Feb
1
11
98
<.9-
Feb
11
2nd pfd—J——
cum
YORK
STOCK
a-
"McftAajV:.
Saturday
July 17
V
„_«w
par
Coca-Cola Internat Corp.—No par
Colgate-Palmollve-Pset com__No par
■•••••Twesdnp;".-
163
165
61
*1300
1400
"
39%
t
-
,
61'A
*1250
89
22%
22%
23%
91
30
*231/4
23
1,000
24%
24%
25
6,200
191/4
18%
19'A
19V2
16%
4% non-cum. 1st preferred—.-100
4% non-rum 2nd preferred^—-100
Columbia Broad Sys Inc cl A»-^2.50
16
16%
16%
16
16 Va
15
15
*14%
16
15%
*15
25
25%
25 V
26
*23
25%.
25%
25%
12%
12% Feb 13
Feb-
IIVa Apr 13
Jan
22% Feb
20
32% May 15
Jan
22% Feb
11
31%'May 13f
Oct
Feb
Mar
1
10V*Feb
21
Feb
Fob
90
Jan
Feb
10
Jan
.—No par
33%
Columbus & Southern Ohio El#e__18
40%
Commercial Credit common—*—-19
47%
3ya Jun 24
*
.
106
Apr 27
.,
11% May 20
10
36% July 12
27% July 20
4% Feb 11
108 % Mar
103
% Feb
10
Jun
29
106
Feb
Mar
5
.
1
Jun
par
9%
20%
;i3%
54%
3d
Feb
11% Mar 18
Feb
9
Apr 30
43% Mar 18
Jan,
25%
26
'26%:
27'A
25%
26
,25%
13
13%
13
33%
34
41
41
41
41%
48%
50%
49%
'98V
12%
10
26%
10%
33%
34
100%
101%
26'A
Jen
19% Feb-
19% Feb 11
11
Fei 24
:
12% Mat 31
mi0m
,
33%
„
;
29%
10%
17% Mar
38%-. Feb
114%
48
Feb
Feb
9% July 16
33%
27%
41%
41%
41'A
41%
50'/a
50 V2
50'A
51
98%
99
24
24%
3
3Va
98 Va
\ 241/4
3 '/a
<.
101%
100%
27'A
26'A
10%
10
28
*33%
28%
34
28%
23
24'A
106%
5%
5'A
5%
5%
...
,
106%
*104 ia
5%
23%
237/a
106%
5%
*
105%^
32% Feb 27
99 Va July 23
35% Feb 11
8*4% Mar 23
44%
Feb
30% Feb;:
10% Mar 17
93
Mar
10
Feb
55%
Dec
12%
Feb
Apr
14% May
12% Apr
55%
Doe
46% Feb
19
:
Fob
14;
*27%
Oct
19% Mar
55
footnotes
Doe
see
page
15 Va
10%
*10'A
10%
45%
Consol RR of Cuba 6*
pfd^*—/100
22%
45%
22%
ConaoHdatedv Retiiii Etore*i
12%
13%
13
12%
13%
12%
12%
.9%
10'%,..
34% '
Consolidated
Vulte#
Aircraft—
1
:
<
15'A
:
9%
9%
42% Jan
99 % May 25
17% July 13
92
July 12
40
3
-99;
11
Mar IS
5
May 15
July 13
;.
34%
34%
A4.50; preferred——_*__„No par
America cowi—20
102%
102%
101%
26%.
,.
10
10
,
101
29%
*28%
"
5Va
23%
23%
23%
106%
106%
*106%
105%
*104
vV449i:^jmnl*tiv« :prdferredl—.*>100
63% Jun
Continental
69% Jun
18
Insurant*——L——18;'
Continental Oil
of
19% Apr 16
Continental Steel
33
Jun
Cooper-Bessemer
*49% Mar 17
55
July 12
24.
8
Delaware.
—5
Corp——14
Corp
$3 prior preferred
s
98%
•11
11
,
'
8%'
v-;a
25%
No oar
54'A
54%
•;-3 '16"
26%
26%
,
>
22,500
1,400
<.
1051/a
10%
16
11
45%
46
23%
23
231/4
12%
13
13
13'A
13'A
13%
10%
110%
10%
34%
34%
34%
34%
102 Va
102'/a
102%
99%
101%
36%
35 %
23%
23
12%
12%
12%
10% >
10%
34%
34%
*35%
*93
*10'A
35Va
,
*97
56
156%
'
98
8%
:
61
"8%
,17%
27%
;■
54
i-; 54?A
17%
171/2
27'A
27'%
e
54
'
;
•
•
•
1,000
*• •'
2.100
55,900
1.000
■#.
1,900 Z
:•
6:300 1
*
V
.
io
H,
36%,
6,300
11%
57:'#
; 8%
8%
:>?•■& 60'A
61 Va
y
.
•
1.200 '
; '.if 16.900
M
12.500
a
v
17%^:- **'
,
17%;
#■^1 2,71/4
ai'it' 54 "•
1,400
57
;
:
1,190 i
...
98
Vr.-
;#
,
93
*11'A
•'
3.400
.
:
17%
36
■
.
100
v
5,100
#
*97
•
«%
6t'A
59%
17%
*53 V
56%
r
■
95
*90:
11 "4
,
3,300
"
36
.
16%,
<
36
35'A
*97
26%
■
26%
53% " 53%
36
98%
10%
591/2
•
.,16%
16 '/a
36
16
^93
95
16
11
=8%
5
*90% .93
56.
'8%
36%
*93
95
93
10%-
56
60'A
.
15% : 16%
*92
,
'
*10%
102'A
98
-•
58%
61%
16% ?■;! 17
com—No par
*97
110%
55%
'8%
56%
-56Vo
35%
35
,
,
/•
600
500
24
106%s 106 Va
45'A
13'A
•
93
*90
35%
35
•56%
••'
'
5,400
16
44%
v
15% ^
•,15%
.
/
2,000
v
29% V
11
16
11
12%
95
*93/.
15%
93
*97
Continental Motors..i—1
9
14
95
15
*90
Coatinental Diamond Fibre—.
1
95
par
13% May 21
10% Jun 24
36% ;
$5.50.preferred
I*
Nopar
" Continental Can the common.^.—30
$3,73* preferred-—
JNo par
.Continental Baking Co eom„No
16 Va
45%.
23%
35%
36
11,500
5%
*10418
J j|, 105%
2,200
.
x
34
33%
34
10'A
102%
35%
•
*
26%
45'A
23'A
34'A
Container Corp of
6,700
106,700
100%
5%
104
151/a
i
;
'13%/.
Consumers Power Co com——No par
17
106 % May 25
3
.
10
48% Mar 17
VVf:- Feb 27
'
35% Jun
;■
v
3'/a
•
26%
"
*
94 % Feb 10
110% July
•13% Feb
15'A
23
510
24%
3
'
451/4
'
9,500
10V4
106%
106 %
1,900
i
100
24'A
5%
24
1,400
v#'
100%
v
*331/4
*28%
-
100
.
*
15
16% Mar 20
38,000
34%
10%
,
10%
45'
Consolidated Textile Co Inc—.—10#
V
1,900
34%
26%
27
10%
Grocers! Csrp—1.33%
Consolidated Laundries^ Corp—^
i
27% May 20
" l5%,May.l»
15% July. 6
l.ioo
10
351/4
101'A
101
26%
'
,
Consolidated
2
200
2,900
;
72
35
3
Consolidated Naturai aasi—II
11
r
.?
13'A
*9%
*69
34%
24
,
3
10
74
41%
50%
.
98%
98
24%
3•
3'/a
100%
,
24-
24%
10
*68
10%
72
*69
12% Juri 21Jan
540
26'A
10
,
,
51
xllVa Jun
:
V:
26%
'
'
350
*
16
25%
12%
9%
74
*104J2 105%
—*
26,900
3,600
17
*15
251/4
33%
101%
3
23
Preferred called
16%
16
26
».
...
51
■;
*28
29
15%
34%
23%
Conaol gdisoo of. N Y com—No.par
#< *»wf*vr»4 ———No par
.
12%
*69
75
100
Consolidated Cigar—
.No par
Consolidated Coppermine* Corp—•
32
21
•
—No
Commonw'th & South eom-_No par
$6T preferred series—No par
Commonwealth Edison Co—i
.28
Conde Nast Publishing; Inc_„No par
Congoleum-NaiRn Incl_——No par
•
29% May 14
1_——:■—^;_108
^
*16
15%
18%
-
10%
9%
Columbian Carbon C0^
$3.60 preferred
Commercial Solvents
18
12%
12
*65
Columbia
July 7
29% May 26'
8% Feb 11
28% Feb
Gas .System, Inc—No par
Pictures common—N® par
$4.25 cum preferred, w w—No par
Columbia
•.
104-
96% Jaif 2
25% Feb 14
Feb
24
_2.B$
53% July 15
13
2V4Feb
Class B„.
37% Apr 16
43% Jun: 4.
1
1
20
Jun
.
*
13% May2i
78% Juri 15V
36% Jam 23
Jan
18% July. 15
l7'/2 July J4
l4%
13
9% Jun
62% Apr 30
28% Feb 27.
35% Feb
5,
Apr
For
*89
23
24'A
191/4
104% July
20% Feb
May
4,000
16'A
106%
43
90 Va
24
39%
19%
«% May
rVjV(
*88%
*221/4
*
22'A
23%
39%
16%
Dec
44
39%
90%
22
220
39%
*1300
—
1.9%
Dec
bf-.i 38
*88%
.
23
700
61%
16%
11%
Dee
40 'A
Mharee
165
61%
16%
94
May
May
40
the Week
165
62
*1250
f at®* f«r
I per share
166
61%
—_
23 %
-22 '/a
*165
62'A
*1250.
90
*"*22 %
*.
I per share
165
62'A-
40
90
89
No par
165
62
1400
40*
40
21%
$3.50 preferred „_J:
I per shere
163'A
163
61
STOCK
EXCHANGE
Friday
July 23
Thursday
July 22
19%
Feb
...
t
900
19%
29%
12% May
98
91
rRXCRt
July 21
9 per share
4'I.."./,
30%Dee/
70
*90
90'A
16%
May 21;
6% May 21
2$% July 12
107 % July 6
May
May
3,800
-
140
18%
,7
11% May
2,200
36'A
.
140
18%
35%
Nor
Dec
90'A
.WednMday
h
4
Jnly 20
9 pershere
9 per there
CLOSED
-,-,<7
July 19
Collins Si Aikman————No par
Colonial Mills Xnc—
;——I
25
106
94%
I ALE
HI OH
36'A
142
19%
33% Nov
not
32 y4 May
90
35%
142
16 Va
14% Jan
4% May
}■'
90
35%
143
89%
AND
36%
36
*142
142
19
1
Deo
5,300
3,200
18%
33%
Apr
Dec
•«
8%
*16,,
15%
123% Jan
13% May
30
15%
26%. #
8%
19%
'
99%
1'5%;
26%
8%
18%
4
Dec
"l0% July
15%
26%
8%
15% -16'A
16% July
Nov
17.
15%
26'A
8%
18'A
115%
8% May
Dec
15%26%
17%
48% Oct
Dee
20
8'A
Colorado Si Southern 'Ry com—■>. 100
50
May
•;
15%.
Colo Fuel Jk Iron Corp com—No par
r,3* cum conv preferred-^——_10
39% Aug
10%
771/2
18% Jun
32%
Dec
50
A
47
20.% July-14
12%
40 V4
*75%
*45
11
86
104%
77%
47
11
22%
ti
*75%
*45
11
32 V,
2% May
'
89
LOW
107%
Feb
12% Feb
16%
1
;
90
107
26%
35%
35
90
108%
2,500
8 Va
142
._1CP
*107%
Feb
Dec
30
36
180
27%
76
'
145
34%
/
i.1081
3,400
109
-
27
15%
8'/a
*142
No par
com
*108
27%
26%
15%
26 Va
8%
,*
47
*45
1,200
85
16
Oct
Feb;
17%. Feb
•
% 20% May
,
"
16
27
8'A
36'/a
190
• \
40'A h 40%
109
;
## 30
#/;< 700
a
27%
108%
75%
78
47
109
28
36 %
*160
***84
11
.
Apr
94
*76
*45
JL.
Coca-Cola Ce (The) Aoranaon_No par
?
25% May 18
Dec
16%
78
47
i *
;
85
49% '•'• 40%
109
108
:■
600
'•#.
26% May 21
20% July 14«.
36
i
!
*76
CO
15 Va
-Apr 20
19% Mar 17
30% May
r
gtd_
Per
2
16
11%
'
2
Oct
63
IT
Jan
45% Jan
'
38'-'
7 %
RR Co
26
i%
63% Jun
8
1332 July. 1
Feb
18
Dec
,
"109
36 %
190
464
40' 4, •'•40%
'39% .39%
108
*36%
*160
•
1,800
18 Va
•118'A
17 %
Nov
.
'=
.190
18 '/a-
400
7,300
31 %
8
8
v'
*80% #83
£
83
*17%
*83% 1: 90
*107'A
preferred——_X——~i^4_i-100
$ per share
*
,10
*160
8 'A
*80%
;
24%
20% Feb
;
May
21%
36%.
<; 190
27%
EXCHANGE
22%
9% May
; 21%
36 Va
*7%
8%
80
17%; -18
*36'A
36%
28%
NEW
46
May
8
80
*83% V 90*
39
"
*7%
■
17%
27'A
Highest
t per share
Nov
Augc
May
8»A
83
•
17%
*241/4"
'
65%
Dec
23%
31
26%
Clinton Industries "lnc_____—_1
92% May 20
Lowest
191%
May
46% V 47
31
*160
90
STOCKS
I per share
141
46%
31
108%
Clpphy •iDe'rpx—
ciuett Pea body A Co
*7lSr. -fcrcfemd'
Range sine# Jan. 1
-.
Highest
t per share
24%
46%
31
36%
Climax Moiybdenum^-i.——No par
5
36% May 17
'
10
*24iA
46%
31
38%
'
137
■
24
46
^
V 190 V
*83%
24
31
8 Va
17%
>*.
9,300
V
98
46'/a
26%
Range for Prevloaa
Lowest
36%
*160
*
29%
,
>*93
24
*80
83
•
29%
•
98
30%
*45
10% Jan :„5
•
7%
17%
*93
44%
'
108%
Clew A
18% Mar 22
3
9
»
*80
47% May 19
14% Mar 15
23% May
7 % Mar
v.*„.„Na par
291/4
98
•
Illuminatinf?com„Nopar
5%
108% Jun
78% May 20
'
105
*95
Clev
34% Apr
.
—
$4.50 preferred -———.No par
Graph Bronze Co corh„_____l
Cleve Elec
41% Jun'
*
c
Jun
111% Jun
26% May:.* '
Jan
July 12
88:
preferred
City Investing Co common—
I
5%% preferred
V_
100
City Stores
_L
__g
Clark Equipment Coi—.—„30
C C C A &t Louis Ry C% com—>100
5^ nometim prefdyi;^^*_4.l05
2
May 24
Jun-17
38
July 12
57#
39% Mar
Jan
84% Apr-20
21
Jan
107
Jun
6
27% Mar It
80
4%
May 17
6 '
Dec
May
34
Feb
'
26
15 Ya Jan
176
"ti;
29
*95
46%
27% May
29
105
*23%
29
28'A
Dec
•
'\--y |r-
'
,
21% May
37% May
1,600
3,700
391/2
60%
38%
617/a
'*37%
61 Va
60'A
•200
/
3'A
40
*38%
59'A
4,400
17
3'A
3'A
2.200
69
t,
*10%
17
14,900
•>
49
100
—2.10
*50%
11% "11%
'
3%
4,500 ;?i
■*
51%
'!
11%
21%
46
*10%
4,800
-f-
H-.
-
35
' '
3,500
9.800
13%
V: 18
8 '/a
11%
18,500
<*
44 %
3%
,
i
19%
20
16%
.•
Chrysler Corp
Jun
10%
19%;-
35%
1
preferred
42% Mar
6tJ%- Sep
12%
10%
45%
—10
common—J
12%
35%
CojuNo par
Conv
Xl2% May 18
19% May 27
6
is
12%
21%
*52
7,900
8,800
10%
19%
;
200
V
7%
19% 's
10%
-
7%:
-
23,500
,
16
34%
preferred series A—
1100
Chicago Yellow Cab——
_No par
Jun
Chicago PnenmaEt Tool, cotn.^No par
$3: convertible preference__No par
15%
42%
100
40
8
7%
15%
12%
-
84
7%
500
,
38%
38'A
*82%
84
7'/a
13%
•
13%
7%
23% July 15
f
38'A
*82'/a
900
V
18%"' 19%
10%
19 '/a
10%
41% July-13
11
37'A
37%
83
12%
10%
60
12
29'A
15%
11%
——.i,-—»—No>" par
12
29 '
15%
7'A
ClnsS". 'B_—
12%
28%
15%-15%
10%
:.
Chic;Milw St Paul &
1,700
*12
15%
P vtc„No par
30
13% July 13
99%
*28
7%
•
200
23
99%
12%
7%
19
23
LOO
29'A
f,;-j
28%
-
37'A
-
*28
23'A
100
83
37%
85
7%
10%
*10
28%
23%»
*
7%
14%
5%.
28%
*98%
28%"
4.48'--
—x—-<
——
10%
25
12
28%
■
Class A—
*10
12%
11%
27%
*82 V*
1,000
.
10%
23
11%
-
6,100
2a Va
23'A
98% '
7%
#
17Ve vl7%
*27%
23%-
6^8
100
81
*80
*10
27%
comi.No par
817.
X24%
'
99%
23%
••"98 %
No par
—
'
13%
Feb-11
100
106'/a
25'A
13%
15
*105
24%
12
9% Jun
/;
106
25
I
Corp
Copper
PJriducts
"
80 -*
—9.66
Mfg—_L_——
1.28
Chesapeake;Corp of Virginia
—_8
Chesapeake <fc Ohio Ry common—21
3 Vif!o< convertible preferred##. 100
'
7% Mar 16
7%, '
7'A
80
Checker Cab
July 13
17% July 14
4% Mar 16
7%
23%
Champion Paper 8c Fibcom—Nwpar
6
Jan
9
'
7%
•
15% JUly 13
July
31
34 %
2
3
25,600
io%'
-••-
TVs Jan
14% Mar
34:,/a
34%
'
10%
46'/2 July
~32
,16%
•v.;
pfd.100
3.407,
45% Jan
13%
103
138 Va
29%
30%
25% Feb
10%
103 V4
138%
'
12'A * 12%
33
July
103'A
138%
12%
28%-Feb
56
103'/a
137"
11%
19%
53%. Feb
51% May
103%
136
9%
34%
Dec
33%
103%
136 •'
.
11%
Jan
3,000
34 '/a
18 %
Nov
50
60
59%
preferred——5Q
Chic/lnd & Louis Ry Co cl A
25
Nov
147
60
59
34%
Chicago Cot-p (The.)_--V._^_.____—_i
Chicago Great West'HR Co com—50
13%
*145
145
145
1,500
5,700
45%
59%
22% July-14
20%
145
100
8
45'A
5,900
#.
39
*7%
33%
14% May 21
12% July 13
Apr
*371/2
*7%
59
2
30
17%
17'A
17%
39
:>• 8
45'A > 46
46%
145i:
*103'A
17%
*37-
7%
45 Va
33%
Jan
12
'33%
27% Feb
*7%
59%
31%
V:
138
138
100
*
Century Ribbon Mills—-———Nopar
May. 8
90
-
4% May
15% Feb'
104%
39-
f
146
58'A
.No par
common
v
11
V
45% Jan
11 C
,.12%: Jan >--,,r.4/^7,* Feb 11
:< :'-42 %.<Dec.
; -■ - D% Feb *11
8% May
4% May
33 %
•'*103%
.No par
..
.100% Jan
82%. Apr. 29
.
.
preferred
Central
May 24-
I- -15% Jun
4
Corp
Certain-teed
Jan- 14: # Chain Belt
:
26% JUn
18
-25% Mar 16
V.
145 Va
59
: 17 Va
•
45%
45
148
30%
;
400
.
'
28% Apr -r!
'
#80t:#F*biTd
preferred
Central NY Pr Corp
Jun -29
20
Oct
45 %
58
v'fCentral RR of New Jersey——100
17
May 21
•
11
35% Mar
21%; Jar
;
8
'i May 27
15
K>
11% May
20% May
t
7%
,!,146
B
17'
*37V+
16%
38%
7'/4
44
Central Hudson G & E Corp—Nw par
Central 111 Light 4%#
pfd
.100
3
39% Jun
6
,
16'A
*36%
7%
2,000
'
18
Jan
79-
17
37%
7%
'Central Agulrre Bugar' ©b—#No par
Cents*! .Fbi*tt«fry,
Central of Ga Ry Co :vtc
No par
5
preferred series; B vtc——100
;
30
38% July.
22% Nov
2%
5%-
"
Jan
16%
,
7% Jun
Jau
116
77% Dec
100%
Celotex
<
'
Dec
37 »/a
15%
of Arner- com.. .No par
7%~ 2nd preferred^-*——.
5
j18% Feb
1st
$4.75
2
'20% Jan
3
6% Feb 28
39 % '
*38
31
37%
1
1,
Co common—.—. .—25
(J I)
Celanese Corp
May 27
•
34% Jun
21
Corp
%
31 %
30%
7
22% Feb 28
Feb
General
&
_1C0
7% preferred
—jL—
Caterpillar Tractor——J—_. .No par
'
14%; Jan
100% Dec
9V4
Case
2
68% May 15
39% Jun
9
9% July 20
32% Jun -28
7%
Carriers
May 20
•
147% July 13
26
Feb
22%
7% May
Carpenter Steel Co——1—
Carrier Corp
common.#—.. ——10
Conv preferred 4% aeries ——5#
8
52% Jun
Feb
21%
*17% Dec
:
>
32%
>■
9
&
Feb
Feb
28%
43'A Jan
CLOSED
5
19% May 21
''•".*
35% Mar; 9
64
Dec
4
Oct':
-
47
.1
Dec
130
%
7%
49% May
17'A May
<
for
the Week
July 23
I per share
'
5 %
102
•
STOCKS
V
287/a Sft
54'/a -:vr
1,700
4,700
:
v
Jpi/iitiMlLAitU.
no
16
COMMERCIAL A FTNAITCIAL. CHRONICLE
THE
(356)
£ YORK
NEW
STOCK
RECORD
NEW YORK STOCK
.■aSeriay
Meniay
EXCHANGE
July17
July 19
Kange (• r PreTleae
"
12%
|
44
per
Dee
Highest
f perthart
thare
17% Oct
Jan
sine# Jan. 1
Mange
Lowest
Highest
9 per thare
13
Feb
• per there
11
65
Feb
42% Mar 24
48
Feb
10 V« Feb
15% Jun
11
ConTertible pref 3%
May 20
53%
54%
20
20%
*97
Cum pid 3%%» ser ef 1MT—WO
Corn Products Refining eom
88
*97
Dee
105%
Jun
92
Sep
Dee
75%
Jan
59
Aug
160
8%
Jan
4
Mar 18
5% Jan
2
4%
Jan
2% Mar 17
3% Feb
2
61%
195
4% Dee
2% Dee
13
»
11
Feb
9
Jan 12
97%. July
Apr 30
66% Mar 24
.
1
July 21
98
Mar 19
177
6
Feb
Feb
29
Feb
13
39% Jun
87
Dee
107
Mar
95
Feb
11
98% Jun
11%
Deo
16
Oct
28% Dee
30
40%
86% May
13
9% May 13
Jan
52% Mar
Mar 18
x21
42
17% Feb
7%
85
Apr
I 34%
Oct
26% Mar 16
98
Deo
108%
Feb
91% Feb
24
105% May
130%
Oct
102% Feb
18
129
82% May
37%
Feb
Feb
10
96
Jan
66
Deo
.-r
May
34%
Oct
13% May
21%
Jan
12
12%
Jan
165
! Jan
165
17%
Deo
101
Sep
Mar
22
Jun
177
81% Jan
13
19%
Feb
15% Feb
13
Not
10% Feb
27
24% Jan
6% May
12%
Feb
Feb
11
122% Feb
17
146
Mar 11
Jan
•6
Jun
70
,
6%
4% May
12% May
Feb
v
21%
,132
189
Mar
48
4% Feb
Feb
Dec
;Apr
Feb
27
30%
19%
Attt
86% Sep
20
80%
Not
97
87% Mar
23%
14% May
Oct
Mar 16
16 V*
Deo
82%
Deo
12%
Sep
11%
20% Jan
2
6
14
28% July 14
25
•
31% July 12
pfd 3%*
series A
eerlee B
2
94
Jun
17
Jan
5
94
Jun
10
July 19
15% Jan
5
9
Decca Records Inc
Sep
20%
Feb
Auf
45%
Oct
30
May
46%
Oct
35% Mar 18
46'% Jan
2
Deere
29% Dee
38%
Feb
29% Feb
34% May 24
7%
32% May
6% May
45% Mar
10%
13% Jan
9
42
5
38% Jan 20
Feb
Co
A
Delaware
Lack A
13'A July 12
11
1.16'A
25
25
74
*72
74
72
72
28
*27'/a
28 J/2
*27%
15 »/8
15'/a
15'A
39% July 15
__
Hudson
89
15%
*19%
11%
20
11%
Hi/4
12
25
*91
15%
*15 J/4
19%
*19%
20
12
11%
11%
11%
57%
57 J/2
12%
11%
*132
28
26
16%
*15%
16%
*15%
171/2
*17
1,900
2,200
26
17'/s
26%
*26%
26'%
92%
92%
92%
100
15'%
*15%
16%
300
17%
*17
17%
16'%
*17
12,600
28%
*91
92%
17
27%
28'A
23
309,500
140
*132
140
-
27%
12%
27%
27'A
26%
26%
100
400
59
*57 'A
12%
140
500
141
141
144
*140
25,600
11%
12%
*91
92%
1,300
16
19%
25%
25
26
93
15'/a
28
27%
100
15%
*132
27
10
4,100
20
59%
25%
26
370
11
121/8
140
400
5,400
89
*86%
.
790
180
*57%
571%
251/a
89
*86'A
89
380
3,300
15%
11
11%
11 '/a
111/4
300
6,800
28
*160
180
*160
142
142
140r
151/4
180
11%
*86%
.15%
15'%
*17'
100
25
26J/2
25
25%
25%
26
26'A
26%
26%
26%
3,100
29%
30
29 %
30
30
30
29%
30
29%
30
2,500
89%
83'%
89'%
89'%
92
92
*90
92
*90
92
*89
•
91
*89
91
*89
91
8%
1
*89%
12
12%
12%
2,400
10
8%
36
37%
91
12
8%
9
361/8
36%
37
9
10%
10%
12,300
37
36'A
8%
8%
35
120
90
*89
12%
12
121%
12
121/2
12
35%
36'%
2,700
39%
6,600
37%
38%
37 %
38%
38 'A
38%
38
38%
38%
31
31
31
32%
32'A
31'%
31%
31
31
800
47'%
47%
47
47%
46%
47
3,800
11'A
11%
11%
11%
11%
11%
17,700
37%
37%
38%
21,900
100
46 J/2
48%
47%
311%
47%
BO
Western
14%
*160
>
16
—No pox
__
27%
11%
*132
27%
*72
14%
180
571%
26%
241/4
17
20
&
11
115%
25'/4
24%
60e
preferred
Delaware
7% Feb
115%
24%
93
50e
.
common—
24
50% Jun
100
—
Deep Rock Oil Corp
15
Jun
115 J/4
25
140
140
26%
.100
Dayton Rubber Co
11
11
25
*132
No pee
Preferred 3.75%
Jan
12
23
11%
pfd—10#
Preferred 3.75*
84
20
115
115
'23 V*
11%
57 J/4
10%
series A
85
Feb
101
15%
141'/4
56%
—1
1
101% July
23% Feb
8% July
100 %
*191%
141 J/4
—I
108
Davega Stores Corp oommon
2.68
5% preferred
..20
Davison Chemical Corp (The)
_1
Dayton Pwr A Light common
_1
Cum
17% Jan
18% Feb
101'A
*86'/4
11
Dana Corp common
9
24% Feb
Jan
*100%
11%
15%
Cushman's Sons Ine 7%
24
35%
IOI1/4
*160
20
101% July
Deo
84
,
*1001/4
73%
Class A
25
Feb
31
28'%
Cutler-Hammer Ine
10
94 J/2 Jun
42%
31
100
22%
42'A-
30%
14 J/2
87
3,700
22%
44'A
28 J/2
19%
1,300
30%
*71 J/2
15%
1,600
24'A
30%
73%
87
'10%
30%
27 J/2
a
y97%
10%
30%
72%
.
35%
*96%
10%
30%
115;
—
35 J/4
97J/2
10%
35
24'/a
25
11%
35%
*96%
101/2
22
115
11
6,800
36%
97J/2
21%
251/4
_18
i*100
3,500
24%
H6J/2
160
4 600
2%
*42%
24 J/4
160
4
2%
42%
114%
'
4
2%
221%
No pox
_
4%
10 »/4
35
101 J/4
-15
80
4
2%
45.
2%
24'/4
100%
14%
169%
22
102
27
169 J/2
23%
.
100
106
170 'A
3,600
63%
42%
30 J/2
prefer red
63 'A
170 J/2
,
63'/a
*961%
•
>
23%
21
42%
conv
50
63%
22%
22
44
;
90
98
*97
98
42%
23%
20%
31%
*97
24%
*42%
preferred
Curtiss-Wright common
2
24% Oct
Jan
24
July
30% Jun
4
13% Mar
15
7
*31% May 28
21 Vs Mar 16
18% May
Sep
137
10%
'
..-No par
27% July 14
13
Jan
May
23
Cunningham Drug Stores Ine...8.60
Curtis Pub Co (The) eom—JNo pot
i 87 pref
erred--.,^...—:Nopo*
Prior preferred
par
13
May 1$
121/a July 21
11
18% Feb
133
(The)
8
Cork A Seal new oom..l.5B
•
...
10 J/2
23
Wheat Corp
7 V preferred
61
113%
Dee
97%
10 J/2
,,
10%
Cuba RR. 6% non-cum pfd
16#
Cuban-American- Sugar common—10
13 J/4 July 15
147
35%
*96J/2
5 %
17% May 18
27%
7
34 J/2
96
Cuneo Press Inc
Dee
Oct
*
35%
Cudahy Packing Co common
4%54 preferred....—.
Dee
170
169
96
«
13% May 21
87% May 6
82%
171
33%
4
*16
84%
63%
TOO
2
Jun
62%
—
64 2nd preferred
Jan 17
16% May 21
Apr 21
10% Mar 9
98
Crucible Steel of Amer com_.No par
34-
155
98
2%
1
14
78% Jun
2
11
2,000
97
63 J/4
...
Crown Zellerb&ch Corp com——Ji
$4.20 preferred
No pa*
28% Jun
26% Mar
12% Feb
20%
96%
4
82
1
66% Mar 17
.
55%
20%
97
2%
6
34% Jun
55%
20%
4
Crown
103 % July 14
46% Mar
54%
20%
2%
Cream of
26% May 27
3
53%
96 J/2
Crane
8
~Deo
53'%
4
of America
40
2,100
12
97
2%
prwffttrfit
5,300
47%
12
20%
4%
Co
*46%
12%
53%
J/e
3%%
47%
97
2%
Creameries
*46%
*12
20%
t
4
46%
98
62%
171
Sharet
19
18%
20
*97
171
*169
18%
98
19%
63%
62%
i—
18%
53%
53%
*97
«
,
2
15
~41
preferred
98
98
19%
Balei fer
the Week
I ptr there
480
Coty fun
Coty International
14
Jan
24% Jun
11
Jan
46%
12
1
92
170
46%
12
M
18% Feb
Feb
88
46%
11%
18%
$ per there
121/a
47
12%
188
Feb
105%
181/2
-46%
11%
CLOSED
Corn exchange Bonk A IT Oe
Jan
32%
Dee
9 per there
17%
Corning aiass Works eommos
3% % preferred
61
Dee
Feb
• per there
Friday
July 23
Thursday
July 22
July 21
19%
57% July 14
Deo
18%
PRICKS
Wednesday
17%
STOCK
EXCHANGE
••
_1
8ALE
July 20
23% Jun
51%
,
series
Electric Corp
Oornell Dubilier
15
18%
50
t
Oepperweld Steel Co
AND HIGH
Tuesday
]•
• per thare
Iftreleni
18
20% Jun
20%
12 % May
LOW
STOCKS
iMf 1947
•/"••.
Lowest
Monday, July 26, 1948
10 J/2
11 J/4
11
11%
Denver A Rio Grande West RR
•
6% May
19%
Deo
14% Feb
85% May
44%
Deo
32% Mar 18
58
80%
27% Mar
20
Apr
9
82%
od
Jan
0
21% May 17
60 J/2 Jan
9
10% Feb
11
Deo
60
Aug
Oct
13% July
Oct
10% May
Escrow
Jan
26%
22% Mar 18
26
Jun
22
Jan
12% Mar 30
16% Jan
31%
Feb
22% Feb
28 J/2 Jun
2
35%
Apr
47
Jan
35% Mar 12
42%
Not
50
21
Jan
38
Feb
Feb
16
Feb
11
18%
Jan
13
Mar 17-
Jun
45
13
24"%
17% Deo
11% May
46
_100
33
37%
33%
35%
36-%
35%
pfd
100
49
52
51%
52'/a
52
53%
531/4
54i%
54%
55%
9,600
20%
21
21
21%
20%
21
7,800
*581%
65
*58'%
65
M
20%
*58'A
Vilbiss
De
July 1*5
Diamond
6%
Match
Distill
19%
Oct
14% Mar 12
May
40%
29% Feb
49
May
55%
Sep
Oct
34
Feb
14
July 19
23
Jan
5
39%
Oct
29
Feb
40
Jun
16
Doehler-Jarvls
21%
Jun
Feb
24
Dome
76
67% Apr
15
Deo
16% May
•
47% Mar
56
5
13
14% Jun
22
Jun
Apr 21
19
'
Jan
47% Jan
2
32% Feb
20
Dee
42% July
114% Feb
97
Feb
6
106 % Jun
Deo
104%
Oct
90
Feb
13
106 J/2 Jun
21
23
Deo
21
Jan
6
31% Jun
21
98%
36%
Sep
98%
91%
14
May
80
Deo
10% May
14% Not
May
Feb
83
Jan
2
12% Feb
11
Not
12% Mar 11
197
*
July
164
Mar 18
129% Aug
107% Sep
113% Jan
28
Deo
Feb
11
Sep
115%
112% Apr
7
Deo
14
Jun
19% Mar
94
13
Mar 15
3%%
Tliinhlll
18%
Jan
16
Not
14%
Dee
42% May
20% Aug
24% Apr
61
Jan
48% July
.
• ptr share
Tost, Feb
n
w
a
rMg..r r.nrp
38% Feb
10
182% Jan
12
62
27%
Feb
Feb
Mar
13
111%
102
13
8
Mar 16
Feb
24
Jun
16% Jan
106
6%
8% Jun
24
8%
Feb
Feb
43
Feb
20
56
16%
Feb
11
Feb
13
37% Jun
5% Jan
5
Jun
39%
Jan
32% Feb
19
1
Sep
11% May
3%
Jan
1% Feb
11
Feb
13% Feb
11
Feb
10
Deo
156%
Feb
123% Feb
11
67%
Oct
49% Feb
10
86% Jan
11%
Dee
24% Mar
14% Feb
19
17
139
23
July 19
63
July 19
46
44%
16%
16'A
16'A
16%
16%
17
15%
16%
1.300
16%
17%
16%
17'A
17
17%
21,500
16'%
16%
*16'%
37
37
53
141/4
14%
14%
14%
57%
57
571%
44%
45%
45%
46'%
_No par
No par
Jun
16
11
Feb
85
Mar
97
Dee
24%
Feb
10%
Not
257/s
60%
BO%
13%
Oct
5
50% Feb
11
11
64% Mar 13
6% Apr 14
xl4
Mar 17
7% Mar 17
38
Aug
May
27
9% Feb
Jan
12% May
Feb
4% Jan
Feb
17%
2
x29% Jun 22
Feb
67
13%
12% Jan
Dec
63
Feb
6
Jan
102%
103%
25
27%
95
96
15
161/2
141%
15%
*94
I
9
Electric Storage Battery
6
«178
117%
118%
96'/a
97%
97
1141/2
114%
1151/2
141/4
14%
74% Jun
14
14%
10
23
34
Jan
104
Jun
Paso
5%
Erie
Evans
Ex-Cell-O
4
5
16
21
21%
21%
2,800
16%
16%
16%
15%
16%
8.500
17%
18%
41%
18'A
18%
18%
*18%
18%
2,700
41%
10,200
CLOSED
18%
40%
41%
40'%
41%
88%
13%
17%
*88
88'%
13%
*
50
63
63
63
63%
62%
63%
2,300
17%
17%
18'A
90
s
18%
18%
18%
1,300
13%
103
*99
90
*88
90
13%
13%
•
103
171
*166
*166
18
60'A
17%
*99
41%
41%
41%
171
61%
62'%
59%
17'%
41%
*166
171
*167
171
170
.
17%
21%
.
13%
1,600
103
*99
103
30
13%
13%
13%
*99
90%
*90
.90
13%
103
*99
171
'
•
—
7%
*7
7%
50%
14%
15%
36%
37
37%
37%
37%
1%
1%
1%
1%
37%
1%
37%
1%
1%
1%
1%
1%
15,000
20%
21%
20%
21%
21%
22%
21%
22%
22%
'22%
25.000
153
156
152
154
*153%
155
*153%
155
153%
152%
1,700
i
♦137
138
*137
140
*137
139%
*137
139%
137'A
137'A
•100
1
52%
52% >..52%
500
15
15%
6%
51
52 %'
:
■
15
'
*36%
*15
23
24%
63
63
*64
46%
3,700
15%
6,300
52%
15%
15%
15 '
24%
25
24%
25
"
65
*64
66%
46%
*46
46%
*52%
66
*65
67%
64
46%
67 *::
*;
800
38%
*37%
24%
*45%
*45%
51
15%
15%
-
24%
1,000
50%
„
52 'A
"52%
52%
15 '*■' *
7
*45%
46%
*46
*67
15% •• $■
24% '25
*67%
68%
68%
500
"
67
17%
17%
18
17%
18
18%
18%
3,700
13%
13
13%
13'A
13%
13%
13%
13%
14
3,000
10
15%
15%
15%
15%'
15%
15%
15%
15%
15
15
1,000
33
900
101
40
If
it*
67
33
101
1
par
V
:
-4%
14
.140
*65
8
62
It
*100%
4%
4%
15'A'
.
70 f
■
*61
,
6%
6%
*6%
15i%
16%
15%
1
8%
8%
81/2
42
62%
62 '
70
4%
'
15%
62%
*65
70
16
;;"V
16
C
6%
6%
16%
£
6%
-
'4%
'■ 15%
Corp.
Falstaff Brewing Corp
Farnsworth Televia'n A Had Oerp__l
*6
''
:
42
41%
8%
8%
42% "
*42%
8%
43
6%
48%
46 %
28%
29
22 J/2
10%
6
6
#
•
6
>
62
r
15%
34,100
Tf.
'I
ii
7,800
62
*61%
62
70
*65
*65
70
-"v
;
4:
>:
1
500
/
'
•«»'•» JZ
6%
6%
6%
*15%
16%
8%
15%
8%
15%
8%
42%'
42%
42%
1,100
: 6%
*6
6%
400
.6%
;
42%
'
6%
15%
4%
:
j
.
.
'
22
9%
*100%
4%
4%
15 7/8
"
33
32%
100%
100%
100%
14%
15%
14%
4
f
4%
Zoo
4%
•
*
32%
33'A
33
H OO
<:
*65
64%
-
34
101
*33%
33%
101
§
,
i
800
66%
17%
67
18
12%
Iff
-
j
400
16%
65
1
■
•
—
•:
3,800
4
common
:
"
-S
'
Apr 23
11% Jun
21
16%
*7
Fairbanks Morse St Ce
1
21
16%
49
Fajardo Sugar Co of Perto
£4.
21
16%
15
J
31% Jan
•
20%
18
7%
50%
Phonograph
Corp
Buffet
iheret
14%
Products Co
Exchange
Balei fef
the Week
iptrthm«
$ per there
t ptr there
t per there
Friday
July 23
Yharifay
July 22
Wednesday
July 21 -
16%
'
Inc
49% May 3
7% Mar SO
8ALB PRICES
July 20
21%
...16
preferred series A
Kversharp
300
49%
A
5
110
14%
*14
6%
Pittsburgh RR Co
Eureka Williams Corp
Jan 14
*14
600
1.300
97
115%
15%
..50
common
11% Jan
96%
*114'%
14%
Mfg Co
Radio &
20% May 17
96%
115
14'%
50%
..
Equitable Office Bldg
RR
117%
96%
1141%
14'%
*14
14%
117%
117%
4 800
183
6%
Gas
Electric
Endicott Johnson Corp
4%
preferred
Erie
117%
96
115i%
500
1,000
21%
50
10
16% July 12
65% July 15
68% Apr 14
% 118 V*
182
181%
500
15%
13%
preferred
Natural
17
15%
EXCHANGE
Me par
54% Jun 10
Apr -14
§ per thare
98
*15%
15%
180'%
96
Tuesday
July If)
*95
16
6,900
49%
in
common—.
5% May 28
9
Meniay
98
16
181%.
*114%
1,400
26%
26%
6%
preferred
Emerson
118%
100
103
103
103
26%
*15
118
971/4
*114
S*U7%
7,600
104
*95
180
1801/2
184J/4
2,700
*101%
14%
Elgin National Watch
14
El
15'A
7,300
46
50%
Me par
Jan
Jun
*15
15%
57%
45'%
14
preferred
conv
17
15
14%
55%
103
26%
98
*15%
141/2.
t;
3.61
preferred
5%
*95
15
180
18
$7
5.% °/o
98
15
14'%
103
"
laterday
66
6
26%
27
290
45%
*101'A
27%
26
1,100
5,900
57'A
14%
45'%
102'A
15
35%
No par
27% Jun
46i/2 July
102%
14V2
35%
50%
48
24
v
5% Mar
nasre
*98%
103
-80s
*
40% Mar ,»
26%. Mar 17
May
footnote
IOIV'4
101
1
20
Jan
1011/4
1,200
50'A
15 '/a
*56
103
*100
103
500
'
37
*36%
36
35%
571/2
Empire District Electric Co
12%
141%
36%
14%
(The).
15% July
Apr
14 V*
35%
46'A
common.
Emerson
Mar
14%
35'A
56%
Nut Co
20% July
15% July
4%
14%
351/s
14 J/4
108
76'
38
14
35%
•
16%
37
*50%
*14'%
»
16%
16%
52
37
51'%
14
No par
No par
Co
52
'/
50%
400
■*45
*44
45
*44
35
168
12 % Feb
107
52
.
44%
common
Electric Power A Light com
Elliott
17%
16 'A
37
55%
preferred
Boat
16%
36%
;
16
1
55% Feb 13
Jon
16'A
45
*44
LOW AND HIGH
Dec
19%
,* 16%
30%'
521/4
.
17J/2,
16%;
j
Jnly 17
17
Deo
For
44%
161/2
STOCK
Oct
47% May
'1*
45
16 %
No pa*
59%
9% Mar 18
11%
45
Elec A Mus Ind Amer shares
143% Apr 28
Jan
#4
800
161/4
Convertible preferred
10
47
Dee
42%
preferred
Elastic Stop
23% July. 7
158% Jun
4
7% May
42
Ine eommon—l
Products Co
Electric
2% May 24
19%
Not
42%
1,100
B
STOCK
Electric Auto-Lite
1
13% May
Kodak
4 % %
16% Mar 24
Dee
42
cumulative
4%%
Ekco
12
65%
6%
42%
Steel Corp
Co common
Edison Bros Stores
2
Jan
4% May
May
42'%
preferro<L——JL00
Eaton Manufacturing Co
4
17
10% May
S%
42%
Stainless
Eastman
46% May 15
175
•6% May
27% May
42%
Eastern Airlines Inc
Eastern
Dee
102
42%
■agle-Pleher Co
8
88
Deo
42 J/2
1st pfd—,...160
f
22% Jan
19% May 17
92% Jun
1
iT%
1,300
• per dure
65% Jun 14
9% May
24'%
—Jfo par
20% May 18
47% Feb 28
>46% May
*24
160
1
Corp
25% May 27
17% Feb
July
25
Ne par
27
Feb
171
24 %
12
*24'A
JNo par
16% Mar 16
Deo
Deo
25
oommon
15% July 19
25%
136%
24'%
I per share
67%
148
24V2
STOCKS
Deo
Feb
*24
EXCHANGE
18%
109
24
..Nopar
No pox
■
NEW YORK
42% May
Deo
600
23%
36%
Preferred $3.50 series
Range fines Jan. 1
Highest
Oct
16% Aug
13%
1
Corp
Duquesne Light 5%
Jun 22
16% Jan
a
198%
104
*13
Du Pont de Nem (S I) A Co com—If
Preferred $4.50 series
.No pax
3
116
Dee
163
12%
preferred
TntArnaMAnaJ
Lowest
Highest
I per thar$
12%
conv
Duplan
'
Tear 1947
I per share
24i%
13
1
Ltd
Banre for Prerloue
Lowest
12%
24%
13
12%
No pox
common
$3.25 2nd preferred
Dresser Industries common
July 16
99% Jun
*12%
24i%
13%
8
preferred series A
May 15
18
May 20
188% July 9
124% Jun 17
3,400
12%
25
Co
AL
Mines
24'
12
25
*13
No per
Pepper Co
$4
20
17%
July 12
98
Feb
92%
Deo
48
19
110%
115%
Dr.
12%
24 %
11%
25%
131/2
;
Cup Co
Class
15
45% May
173
Divco Corp.
Dixie
2
12%
12
13 %
HI
Car
Douglas Aircraft
Dow Chemical Co
19%
88% May
41•
16
65
24%
Corp-Seagrams Ltd,
Deo
25
15%
*58 J%
12.80
common
Motor
T
20%
65
1
partic preferred-
Diamond
19% May 26
xl9% May 21
19 J/2 July
2
*58'%
21
1
Co
Devoe & Raynolds class A_.
10
21%
65
35%
B
Detroit-Michigan Store Co_
Detroit Steel Corp
10
20% May
com
Edison
Detroit Hillsdale A 8 W RR Co_100
1
Oct
ctfs for
Detroit
13% May 24
17%
16
ctfs for
Escrow
July 15
*6
9
3,000
1,300
2,400
■j.
L
Volume
Number 4719
168
THE COMMERCIAL & FINANCIAL CHRONICLE
YORK
NEW
Range for Previous
Range line* Jan. 1
'
Highest
Lowest
NEW YORK
'
Highest
:
LOW
STOCK
Saturday
EXCHANGE
I per share
$ pet share
I per share
$ pet share
lift Dm
14%
Feb
20
32
42% Mar
35% Feb
11
Deo
23 %
July
16
0% May
14%
Feb
May
18%
II
Deo
15% Jun
43
Mar 11
19
Apr
Deo
107%
Jun
90
Feb
20
Dec
26%
Feb
20
Feb
10
20% May
46% May
42% Jun
26%
Jan
59 %
Feb
61
Feb
43
Feb
11
Aug
104
Feb
14
104
20% Feb
Federal Motor Truck
May 18
1'
Felt
9
Tarrant
Uf g
16%
17%
17
17%
9%
9%
Raamel Corp
Fidelity Fhen Fire Ins N Y
Firestone Tire A Rubber 00a
107% Jun
Dec
49% Mar 18
59 %
July 12
First
National
81%
Jan
14% Feb
20 % July 12
Firth
(The)
42% Jun
May
39%
Dec
110%
Feb
*98
Feb
26
May
41%
Jan
30
Feb
26
Dec
17%
Jan
13% Feb
24
Aug
40%
Dec
14% Mat 19
23% Feb 11
15% Feb
9% Mar 17
13
13
May
14%
Jan
9
May
91
Dec
Oct
11
33
Feb
Feb
27
24
32%
Dec
26%
Jan
22
12% May
23%
Jan
12% Feb
6
35% Feb
13
"36%
May
11%
Nov
18%
•%
12% May 18
Froedtcrt Grain A
24% Jan
5
Frushauf
77% Mar 29
83% Jun
18
17%
Gabriel
6%
17% July 21
GameweU
23'/i Jun
Gardner-Denver
Feb
8% Feb
11
Jan
13
11% Feb
13
109
Jan
99% Mar 24
Oct
50% Mar 11
58%
102
Dec
13%
100% Jan
Feb
185
Dec
30
146
18%
Jan
14%
May 20
26% May 4
18% May 15
105% Jun 30
63 %
8
Feb
Apr
Jun
Sep
34% Mar 10
33
Feb
20% Feb
27
24
137
Dec
160
32
May
34%
10%
$8
123
Dec
100
Dec
11%
120%
•4
4%
28
34
Mar 19
41
Jun
General
96
Jun
2
13% Jun
17
88% Jan
131%
Jan.'
Feb
2
MarlS
40% Feb
1*
8
118% Feb 25
07
10
108
Jun
50% Mar 16
65
Jun
119% Feb
19
,107% .Sep
,
'03% Feb
17
99% Jun
14
12% Mar 17
*17% Jun
10
Jan
Oct
20%
Dec
16% Feb
Dec
26
Feb
14
2% May.,.
11% Dec
4%
Feb
16%
Jan
19
May
31%
Feb
128
Oct
*
140
18% May 27
4% May 21
22
21% Mar 19
124
6%
Feb
18% May
29%
Oct
33% Feb 11
36%
Jan
25
:
May
101%
Apr
36%
.
13
Dec
35%
Jan
19%
Apr
30
Feb
22% Feb
98
Dec
106
Apr
40% Feb
08% Apr
14
10
11
88
Dec
108
Jan
85
81
Nov
98
Feb
73% Jan 33
Feb
14%
1,600
15%
.:Y, 7,400
40%
40%
16
*15%
40%
33%
35%
24%
24
24%
*24
101
13%'
13%
13%
13%
13%
8%
8%
8%
8%
8%
43%
*43%
43%
*43%
*10%
11%
*10%'
43
10
10
*10%
11%
20
20%
•20%
20%
83
83
21
40
84
350
•
36 Va
*23%
23%
14
*13%
14%
8%
8%
,•
"
6 200
130
700
9
43%
11%
21%
21%
7%,
V; 300
4,700
85
7%
700
V
»
11%
*83 Va
1,000
•
43%
*11
'
85
7%
2,400
102
353/4
21%
*83%
7'JA
500
10,900
3,400
40 Va
102 Y
44%
21
21
*83
84
*83
%*
8
16
24
*23%
13%
44%
*15%
*101%' 102'%
35%
36%
101
33%
30
i
..
8 %
2,800
8'A
8%
8'A
8%
8'A
8%
8%
8%
8%
8%
13,200
*18%
18%
18%
18%
18 Va
18%
*18%
18%
*18 Va
18%
7'A
7%
8
7%
7%
*16'A
20
73/4
8Va
17V4
*16%
17
*16 %
20%
19%
19%
*19
8'A
17 Va
*19
17
*19%
16 Va
8%
8%
8%
8'A
7%
41
39
40
40%
40 Va
40
40
21 Va
21%
21%
21%
21%
17
16
I6V4
161/4
16%
16%
22.
16%
*16%
54
104
8
10
*
104 Va
*
11%
13 V*
793/4
12%
*40 Va
22
14Va
80
*42
44
*41
43%
22
*21%
22
132
132'A
132%
131 %
132 Va
132'A
37%
39%
38%
39'/2
39'A
40
No par
No par
38 Va
38%
38V4
38%
38V8
403/8
94
94
*93
11'A
43 Va
21%
*131
Va
130
39%
40%
32,100
39%
39%
5,000
94%
94%
94%
200
12
11%
11%
11
11 Va
7,700
47
47 Va
47%
47%
48 Va
800
124%
123%
124
124
105
124%
♦101
105
105
*104
58%
122
*122
97
97
16
15%
124
124
107
106"%
106'A
62%
61 y8
61 %
121%
97
16
124"
60%
122%
*121%
60%
59%
60%
97
15%
122%
f
15%
*121%
20
20%
J
21 %
21%
21%
21%
14%
14%
;t
14%
15
■14
14%
3%
3%
3%
3%
13%
3%
13%
13%
13%
13%
24
24
24%
*23%
24%
127
126
13%
14%
No par
23
100
*126
10a
5
_Ne par
...
1
27%
pfd_.No par
121%
No par
27%
lot
100%
28%
100%
preferred
preferred
101 %
2,600
13%
14,900
24
127
24
125%
1,000
126
.
5%
5Va
5'A
28 %
28%
28%
28%
26%
26%
125%
122%
25%
26%
26%
125
1,400
<
800
125%
230
25%
4,700
25%
*27%
*100%
27%
27%
27 3A
101 '/a
*100%
101%
25%
24%
25
28
25
70
,
6,600
26%
*124
Va
101%
25 Va
25
88
*86%
88
*86%
88
*86%*
81
*80
81
*80
81
*80
81
*80
25
3,600
13%
*
5 Va
123%
*100%
4,900
1Y
3%
23%
*86%
25
21%
,.
33/4
27%
27%
28
27%
*100%
25
86%
*80
-100
25
"600
14%14%
«,
Va
24
1,100
5%
5%
27%
24%
123%
24"%
*126
127
20%
3%
13%
86%
23
.10S
\
.
26%
27
122%
25%
•
27%
26%
27
123
24%
preferred..
5%
27
28
27
20
*126
127
5
5%
*23%
•
600
.»
Vat 159/4
21%
1
,
*" 97
15
14 % K
;
123
97
15 Va
20
3%
45,900
96%
14
3%
300
63 VA
62%
123
280
106 VA
96%
15 %
1
10a
124
*103
*15%
97
'95%
1233/4
No par
Corp.
900
132 Va
40%
39
39%
95
122
Co.
22
113/8
No par
Kqulp Corp
22
47
No par
Corp..
Castings $6
320
*41%
42%
*931/2
-No par
Utilities
19,300
47
11%
46
series.
...
I,400
14 Va
79 Va
11%
95
10%
46
10
12
13%
79%
*451/2
*94
100
3,600
10
155
*11%
132
x39
—l
Cement
■
21%
132%
200
10%
80
*79%
22
Va'
1,900
106
14 Va
13%
79Va
.
100
54%
-
*152
12
14
14
*41
42%
22
12
12%
*11%
12
5,600
108
10%
155
79%
13%
*791/4
3,500
16%
*103%
10%
*152
155
*152
54
106
10%
Y 700
22 Va
*104%
54%
54%
10%
9,200
41
22
106
*103%
106
103 %
10%
153 Va
12
14%
80
*
10%
153 Va
156
*153%
10 Va
541/4
54
54V2
103 %
103%
103/8
*104%
107
*104Va
107
54
54%
104
9
Corp.
8%
*40
22%
16
105 Va
500
400
8%'
21 Va
105 Va
400
17
•19%
39
1
•
Gen Tire A Rubber Ce com
I%#
32%
15 Va
101 %
19%
General Talepbona Corp
Gen Time Xnstr Corp com
4%*
32
15Ve
32%
24%
-No par
100
General Shoe
May 12
92% May 19
32
15
101%
16%
com
14
'4% *
10
31%
15%
.No par
12
17
11,500
32
8%
50
Realty A Utilities
General Refractories
Steel
*40
41
102%
'33
19 Va
Gen
Gen
1,600
36
102%
15%
No par
com____l
Railway Signal; com..
,9% preferred
29
35%
*101%
32
15
Advertising
13.75
Outdoor
Y
36
36%
102 %
1,100
19 Y
1
Oen
90
•
31%
15%
1
Corp com
Public
Jun
32%
35%
102 %
35%
102%
32 Y
300
59
'
13%
100
Gen
6% May 24
30'
102%
35%
♦101%
*24
.No par
24
101% May 22
<
*101%
36%
102%
32%
1
Co
Precision
July 8
29% May 18
30% May 6
2
22 % Feb
81% May.
18%
40%
Public Service
130
24% July 19
59
18%
40
80
30% Jun
13
110% Feb
124% Jan
Feb
58%
18%
102%
No par
General Portland
'
.
*57%
19
No par
31% Jan
•
58
*18%
40%
Inc com
Gen
128% Jan
May 12
4% Mar 11
'
3% May
57%
18%
11%
common
May 18
29
57%
18 %
1,200
2,800
30%
A
Oen
■15% Jun
57%
19
11 %
preferred
Preferred
103%
30'A
common
Gen
22% July 15
I
13
11% Jan
Feb
1
11
Mar
2% Feb
•
125% Jun
*105 Va
105%
100
Oeneral Motors
$8 preferred
Mar
105%
113/«
preferred
3%% oonv preferred
24
Feb
48%
30%
10O
Foods Corp
Mills
107
Y
61%
11%
6*
3
Feb
129
$3.50
60%
49
58%
V
1,400
2,500
*483/8
60%
30
preferred
General
*105
No par
General Instrument
50% May 15
128% Jun
2
Feb
85%
Dec
9
*
1%
105%
Va
11%
preferred
General Cigar Co
Jan
19%
38
2nd
conv
105%
60
48
15%
;
preferred
General Electric
*122
Dec
18%
1st
May 27
13% May
o
A%
43
Aug
106
60%
30%
com
General Bronze Corp
General Cable Corp com
144
16% Mar
23%
♦22%
23
,48%
48
11%
No par
31-% Mar 11
54% July
*22%
•
15%
preferred
131% July 20
Dec
23 %
60%
48
30
—
Baking Co
Feb
May
22 %
61
47
11%
Investors
$4.25 pfd series
Jan
103
22%
61
49
15%'
preferred
45%
Dec
22%
61 %
lit
Industries Ino
conv
General
2
Jan
23%
160
22
30%
General Amer Transportation
21
Jan
*21%
15%
common.
Co
39%
Dec
43
Jun
82
22
11
.1.66%
44% July 15
Dec
Apr 22
21%
29%
(The)
$4.50 preferred
14% May 3
15
July 14
11
73
21%
11
com
1
83% July
47% Feb
Co
Wood
4%*
May 15
159
21%
15%
General American
May 12
11% July 13
1
21
30%
Gaylord Container Corp..:
106
9% Mar 17
9% Feb
Gar
45
8% Feb 28
July
16
9% May 20
5
18% Feb
Oct
20%
6,400
20
13
Feb
9b Va
21%
600
1,700
sou
"
28 Va
96 Va
15%
Malting Ca Ino.l
(The).,
27
Dec
May
Apr
87
Co
12% Feb
18
Feb
16
2d %
98
11
preferred
Feb
23%
28%
*96%
15
—2A
Galr Co Inc (Robert)
5
Dec
43%
Dec
23%
Jan
9%
Oct
37
20
11
23 %
96%
28%
preferred
earn
17%
Dec
9
18% Mar 23
7% Feb
4*
10% May 21
10% May 22
Oct
Jan
28%
96'%
31%
1
Trailer Co
22%
Apr
11
6% Mar 16
10%
Nov
71
18
21
14% May
10% May
9%
Feb
Feb
23%
96%
43
17% Mar 12
4% July
26% Aug
149 V*
1
10
Jun
*101
47% Jun
28
28
96%
Francisco Sugsr Co——No
par
Franklin Stores Corp
;
1
Freeport Sulphur Co__
19
May 15
Jan
12% May
14% May
'
16% May 21
10
/
It
prior preferred
Jan
Deo
48
a%
,9%
96 %
34%
Machinery Corp (new)
—10
3Mi* cum conv pfd
__1©C
Foster-Wheeler Corp common,
10
■
9%
9%
_No par
Corp__
22
8% May
100
Mat 16
'Y
29%
*102
Food
21
38% May 21
25% Jan
5
9%
17%
18%
Y
No par
Fair Stores Inc
39
Dec
18%
Feb
Jun
Carpet Co
Steal
9%
9,300
17%
57
Stores.!—No par
103% Mar
Dec
77
50%
Food
105
28
8% Apr
Follansbee
12% May 24
47% Jun 14
18
V Y
.v
106
100
_
Florshslm Shoe class A
40% Jan 12
3
24% Feb
19% May
23% May
14
May 27
36% May 26
15% Jun 24
21% Jan
6
21
89
July
110
*104 '
17%
14%.
39
47
.
Flintkote Co (The) cemuon_.No par
94 preferred
—Kepnr
Florence Stave Ce
Re par
Florida Power Corp,
„
31% Feb
24
•9
preferred
%8%
60
88
-62%
4%%
14%
38%
X96%
—10
107%
7
v 14%
22%
May 28'
29'
14
38%
17%
9%
9%
Shares
•8 per-share
14%
39
17%
the Week
.
21%
Jun
68 1
*9 %
I per share
share
14%
*38 %
Salsa fer
July M
July 2 J ?.y
x28
CO.
Sep
30
•
14%
38
Ferro
26% Jun
A
•1% May
14% May
.a,
14
38
Ne par
convertible pr#fsrred-*-100
4%19
f per
t per share
14%
40
No par
<Y
July 21
13%
Federated Dopt Stores com
"Y. 53
20
I per share
Y Friday
Tharaday
Wednesday
39
CLOSED
—8
24% Jun
28
f per share
PRICES
SALE
HIGH
AND
Tuesday
July SO
EXCHANGE <
Oo_.
Federal-Mogul Corp
31% May 14
99% Jun 15
10
18% Mar 17
53% Feb
am si ting
July 19
V* STOCK
1
Corp.
Fsosrai Jsuiuig *
12 %
9
28% July
Feddcri-Quigan
3
20% May 22
8% Mar 11
•7%
Far
18
Jun
•
Y
Monday
July 17
*
17
RECORD
STOCKS
Year 1947
Lowest
STOCK
(357)
2,800
10
•;
25
2,600
88
20
■
,<,.>'81
..
¥
'
V
if-——
'
Y-S.S
,v
Bang# fer Previews
STOCKS
Year 1947
Lowest
Highest
I per than
23% May
90
I per share
36%
17% May
85
Dec
22%
9 per share
-
Jan
90
Apr 30
85% Jun
21
Mar 17
28
88
Y Sep
5% May
104% Jun
7
Feb
4
Oct
113
124
21
Dec
33
49'
Jun
71%
99%
Dec
41%
Dec
95
Dec
109
13% May
24
-
-
3
5%
Feb
Oct
33
107
'
5% Feb
*
24
-90
May
14%- Feb
DCC
12
Dec;
37%> Feb
17
Sep
20
49%
Dec
133
Dec
69
May
29%
163%
Deo
Feb
Y
9% Mar 16
29
Mar 27
12% Jan
19
S«% Feb
11
;Y;20^"'JattA23-
.
Jan
132
Apr 10
29% Feb
21% Mar
14
10
Feb
91% Apr
16
21
Y
1
July
Dec
78
b%
May
95
May
Jan
/
y
100
♦117
3%*
$2.20
20%
20 Va
20 %
84
793A
80
*53
5%
5%
*117
119
24
24
55
5%
5%
119
21%
21%
58%
*59%
*101
59 Va
103
43
433/8
102%
103
103
*101
433/9
42%
43
19%
19%
19%
19%
3%
4 Va
3%
41/4
20%
1,400
60
5,400
103
200
4%
43'A
43%
102%
20%
500
4'A
28,100
4
"
.»
6%
*6 3/4
7
6%
6%
6%
6 3/4
6%
1,500
.Neper
37%
37%
38 Va
38%
37 Va
37 Va
*36%
39%
28
28%
28 Va
28%
28%
29
*2834
29%
29%
39V2
29%
2,100
28
28 Va
28
28
28-/4
283/4
28'A
28%
28 Va
28 Va
1,300
conv
971/4
97'A
.100
i
com—
pfd
.
63A
*97
.1
98
No par
971/4
*96 3A
113A
12%
*38%
Neper
39%
*97
11%
11 Va
12
38V4
38'A
38'A
13%
14 Va
45 <
44% -44%
44%
45%
21V4
21V4
21%
21'A
21 VJ
140%
140 %
140%
140%
72
713A
71%
14 »/4
141/4
14
6%
96%
13
38 V*
43%
14 Va
..
*37
97 V4
11%
391/4
11 Va
*38
.
300
971/4
50
■
13
131/a
3,300
*38
39«/2
'300
14 Va
14%
443/4
45
45-
45%
5,400
21
%
21'A
21 Va
21%
3,700
140
Va
140%
140'A
140 Va
■
14% '14%
'
Ry
0*
2,600
'
pfd—No par
Great WeetormSufar com—N* par
v
7 * preferred
2
.100
Green Bay A Western RR.
100
'20%
•140
141
♦69
72
*69
Green (H L) Oe inc...
36
37%
361A
36%
35%
36
15
15
15
15
14%
14%
Die Corp_.No par
•
*
*71
72
-
Dec
13% May 17
98
85
9
Jun
Common
4
4%«
25% July 12
'
9
70
*70
72
10
4,500
35 V4
36'A
35
36
*14%
15%
14%
14%
Jun
14
Feb
7
•12% Feb
11
20% Jun
10
58% Jun
16
Dec
67% Feb
10
81
Jun
21
Sep
14
Jan
3
18 %
July
39
Jan
31
Feb
10
35
Apr 10
Feb
Dec-
44
76%
13%
97
July 21
9
Aircraft
Corp
new*
Guanianamo Sugar common
95 conv preferred
23
Feb
14%
61
•
8
12
'
*95%'
96%
12V4
12
121,4
11%
12%
100
...
preferred
Grumman
*95
96
95 Va
95V2
*95
96%
*951/2
96V2
10
22
23
22'A
23%
23
23%
22%
11%
„1
12V4
6%
No par
Gulf Mobile A Ohio RR eom.No par
95 preferred
No par
Oulf Oil Corp
20
Gulf States VttUUee Oe.
-Nepnr
6%
*96%
113/4
61/2'
6%
963/a
96%
97
7Va
6%
97
97
7
*96%
17'/e
18 Va
17%
18 Va
17%
18%
51%
53%
52%
52%
54
55
17%
*54
22%
23
700
12%
23
98
30,800
30
7.500
•/
7 Va
71/4
*963A
7»A
97%
4,100
Y
170
18-%
17%
18'A
16,000
55
5334
5334
1,000
74VA
17%
,16,600
68%
72%
71
73
72%
74
73 Va
741A
74-
17
173A
16%
17%
17%
17%
17 Va
171/2
17%
*32%
34V4
34
34
8,200
H
32%
Dec
14
Jun
19%
Feb
12% Mar
13
Dec
19
Jan
87%
Dee
112
Feb
13% Mar 3
79
Mar 22
102%
Dec
V 19%
Apr
108% Sep
27% Dec
148%
Oet
88% May
For
180
.
footnotes
*101% Feb
10
21 % Feb
24
Jan
39% Jan
see
147
Y
•-
Mar 24
27% Mar 16
page-24.
9
16% May 22
X14% May 21
89
Jan
12
107
Water.
Hall
32%
(W F) Printing Ca
Watch Co 00m
Hamilton
4*
Jun
16
27% Jun
9
150% Jan
28
6*
-84% May 15
Hart.
f
eenv preferred
32%
S
14%
14%
143/s
No par
13%
13%
*13%
.—100
Hanna (M A) Oo 94.20 pfd—Ntuoar
Harbleen-Walk
Refraa
preferred—
Oehaffasr A
eom—MoTar
100
Man
IP
•
■i
84
84
106
"106
?
24%.. 26%
U46%t153
28 %
—
30
*81
*106
*14%
14%
*13%
14
Y":
*81
106% *•'"
*106
-.Y 84
«.■■
253/4
25%'-
•*446%. 153*-Yt
30
*33
14%
14
-36-
84
•
14 Va
*13 3/8
*
*
*33
14 Va
14
;
d85*>4 gtf f
106%
<
*146%
153
-
f
30%
35
*14'A
14%
14
*t40t9«16y.
"-*29%
30
V^;
400
900
14'A
"
.
*81
*106
255'a
25%* 26 Y
*29Va
35
.
1,800
4%
103
-
9,800
*20 Va
20%
4'A
4
102%
20%
20%
10
!21%
,
>1
300
2,000 !•
102 Va
102 %
102%
103
*101
4,900
119
21%
60
VA
5%
*117%
21%
102
300
55
21%
%
7,700 ■;
82
56
59%
42
200
x
20%
*79
21%
42%
II,900 i
92
20 Va
59%
102
102
Shares
343A
24
*53%
*5%
56
*116%
117
24
24%
24
54%
5%
34%
*91
_No par
;
I
preferred—
cum
20
24%
1
-
34%
91%
58%
60
1
913A
Sales f«r
the Week
/■
8 per share
*21%
21%
101%
33%
91%
*80%
84
117
21%
57 %
41%
34%
54%
■5%
119
10
102
33
23%
5%
July 23
9 per share
share
Greenfield Tap A
9
17% May 17
July 19
5% Mar
•
31% May
57% Apr
Deo
1
*80
54
No par
Union Co
Gt Northern
!
Jan27'
16%
6% May
23%
92
20%
19%
Friday
July H
July 21
f per
*90
32 %
*88%
.
Thursday
Wednesday
Greyhound Corp (The)—
12
105%
22
"4%
54%
5%
Ot Nothera Iron Ore Prop
■n
1
'
9
92
82%
24%
com
Grayson-Roblnson Stores
r
July 14
40% Jun
82%
60
City Steel
Grant (IT) Co common
Y-j
Jun 15
23% Jun
-No par
.No par
Granite
; 15% .May/31'
77
5
Feb
40
Grand
May 26
•
20%
Graham-Paige Motor!
Granby Consol MSA P
8% Apr 23'.
41% Jun 21V
33>/2 Jun 14'
99
90%
19%
QothnmHoslcry—Ne-pstf--
145%-Jun 17
Mar 16
Dec
2
31
90 %
preferred
(B p)
32
33%
CLOSED
-85 preferred—
Neper
Goodyear Tire A Rub com—No par
•Vv $8 preferred ——.—..No par
'
60% May 15*
Feb 27
60
Goodrich Co
3
-13% Jun
Y
;
Feb
35% Aug
v
(
18
-Feb'26
Feb
70
Oct
14%
-
v
27% Mar
*
14
Jan
9
1
<
14
5% Jan
'
oonv
8 per share
31%
STOCK
..fY
common—.
Brewing Co
Geld A Stock Telegraph C©_
Goodall-Sanford Inc.
I
16
23% Jun
11
Feb
Jun
4%*
8 per share
EXCHANGE
Goebel
■
May 21
104% Jun
17
25% Feb
y
9
47% May 20
11
18
Mar
28
34% May
5,103
'
Oct
■
6
22
24% May 17
64
3% Feb 27
Jan
21%
Dec
1
96% Mar 18
16% Feb
Jan
Brothers
.
$4.50 preferred——
GUdden Oo (The)
com
'121% Apr
18
Jan
41
90
Mar 10
3
May 18
6
38% Mar 17
8% Mar
Deo
1
iwritcn
•
Thesis? Y.
July 20
Meafay
July 19
July 17
For
May 15
55% July
27
Aug
-
8%
Jun
14
47% Mar 16
>94% Mat 11
* July
61% Feb
'12% May
23% Dec
Mar
19% Feb
Feb
106
May
31
48% Feb
letiifagr
-
Glmbal
79
81% May
MW AND DQI •ALB PRICES
STOCK
Exchange c1
25
17% Feb
Jan
26%
*
Gillette Safety Razor com.—No par
$5 oonv preference..*.
:_No par
Nov
103'
■■■
39V4 May Yl v
96% Jun '2';
Apr 26
Feb
39
Dec
4
HEW YORK
I per share
37% Feb 13
Dec
105T/s
■
Dec
Range Slnee Jan. 1
Highest
Lewest
•
1,100
Y
106%'
26
tof46Va"153
20
30
3,000
'
V*
^9% - .3oy^v
^00
•
Mtfmk*t.^pn W7I"
YORK
NEW
Range since Jan. 1
Year 1947
$ per share
share
Feb
67s May
107*
Dec
100%
Apr
May
12
Feb
75 Vi
6
4% May
9%
Dec
35%
Jan
22
May
90
Dec
108
68
Dec
140 ya
Jan
14'/a May
Mfg
Hecht
27% July 12
91
Jun
42
Jan
2
95% Jan
13
23
51% Feb
9
62
7
153
Jan
140,
103
63
1
r.nmmnn
■"
Mar
Feb
128% Feb
21'
Hercules
$4
Apr
28 7*
Hilton
28
37
Jun
1
25% Jan
2
Hipde 8c Dauch Paper Co
Hires Co <C E) The
;
Feb
10
Sep
Mar 30
46
38
Dec
%,20%
7% Feb
30
"Bee
*90
92
90
90
90
9074
91
90
90
91
4474
447a
4474
447:.
45
445/b
45
33%
3374
32
33
44%
23
31%
33%
1
20
20%
3
41%
42
Hupp
11
—No par
\
——<5.58%
13
12%'
127b
18
327a
32 3/8
32 74
3274
37%
39%
375/a
387/b
non^cum
lines
Illinois
-
—
"
17
:
Industrie
:
Feo
10
28
767a Jun
Ingersoll-Rand
II
6%
A—
•
iAHi%
Jan.' 8
103
11% Feb
i
11
10
14
& 20
i.
.
lofcfr
11
11
11
23%
Feb: 11
38% Jun
:
74
Feb
93
9
77s
9
Int'l: Minerals 8c Chemical COM—.3
297a
•
Jun
4%
preferred
L-——
International Mining Corp—L
3
42% Mar 17
Sep
Feb
293/4
303/4
138 3/B
1
64% Jun
28
99
97a Mar 19
14
Feb
86
•
.
.
International
5774
597B
Paper Co
May 20
3%
107% Jan 29
Jun
28
58%
Feb
52 % Jan
24
64
Jun
2
397a Mar 18
45
Jan
19
International Sliver
Oct
40
Feb
30
17%
Feb
11 % Feb
11
17% Feb
11% Feb
11
19
26%
17% Mar
-
Feb
27%
Oct
A3
Mar 12
Mar
35
4
167a Jun
24
14
3974 May 20
•
IS
16
145
May 23
t«
preferred—
Highest
$ per share
Feb
1374
24% July
164 7a Feb
10
Mar 16
7
1974 Jan
8
237a Jun 14
30
15
927a Jan
18
48
May 28
May 11
11
,5 May
Jacobs
May 27
39 7a Feb
82
Far
$ per share
$ per share
-
1
(F I) Co.,.
Jaeger Machine Go oommon_.No par
Jersey Cant Pwr Jc Dt 4V pfd__100
.
11
Jewel Tea: Co Inc cdaw——No par
;
3%% cumulative preferred—100
Johns Man villa Corp jcom—No par
/ 3%%^ proferred—100
Jehsuon Je Johncpn eommofl—12 %
/
44» 2nd preferued series A*
100
Joliet 8c CJhicage RR.stamped_i_100
Feb
2974 Mar 16
3774 July 14
Dec
101%
Feb
•3 74 Feb
937a Apr
25%
Jan
40%
Oct
317. Feb 11
1|4
Jun
12 y4 Feb
share
39% May
Jan
83
/ 89
Doc
104%
Sep
37
Jun
46%
Oct
108%
Deo
125 Ye
: 24%
Sep
98
145
Dec
Dec
27% May
Feb
13
99
10
11
427i Jun
Oct
3474 Feb
1007a Feb
34% July
2074 Feb
19
112
Jan
151
39
Dec
<
•92
Feb
100
145
Jan
;
10
29
8
Feb 11
14
113%4un
tt
33
7s jruA 10
106
May 21
Jun
158
437s Jun:
1
May 20
21
preferred aeries A—L—-100
18
1
Joy Msnufacturlng Co
18
Kalamazoo Stove Xs furniturt
Kansas City
Deo
16
May
.4774 Msy
1374 Msf
20% Msy
1374
Jan
108% Mar
29 %
Dec
Feb
17
237« Feb
11
90
39
Apr
2174 Dec
103
Dec
1174 May
65% Jun
25
Msy
90
Dec
467e
July 13
preferred
—
487i Mar 12
607a Jun 22
100
<:
14% Mar 17
207a Feb 20
18
Kayser (Julius) 8e Co—•
Nov
26%
21%
Feb
Oct
82% Jan
497s
Feb
Feb
10
4274 Feb
17
Jun
13
1
36
Feb
13
Feb
11
11674
Feb
•927a Feb
21
120
Feb
•117a Feb
19
2774 Feb
'
85
Jan
19
63
Mar
.
8
May 22
26%. July 13
22% July 12
360
-Jun 18
51
Apr 20
4574 July 16
24
May 24
104% July 14
14% Jun
2
Jan
2
75
Oct
297. Feb
11
36% May 27
102% Aug
40
Oct
917a Jan
5
95% July 15
'38 7.
34
Jan
Jun
89
Apr
82% Oet
Feb
32
' Feb
13
45% Feb 18
41
»
Fab
13
39% Jun
3
58% July
8
47% May IB
32%
13874
60
58%
15,800
5974
5874
5774
99
98 74
98V4
500
2 000
8
Kelsey Hayes Wheel conv cta«» A—1
Class B.
;
1
No par
3
Copper..^
Kern County Land Co
Keystone Steel 8c Wire Co—No par
Kimberly-Clark Corp com—No par
4% conv 2nd preferred—
100
Kinney (G R) Co common—1
85 prior preferred—;——No par
Knpperi Co Inc common—
10
Cumulative preferred 4ft 8er_-100
Kresge (M 3) CoL.
1®
/
Kress.(« Mi
81 Co—
Kroger Co (Tho>_
-^iNopar
—,—No par
597'b
997a
V
107a
10%
107a
107a
103/4
"907.
907B
90%
*9074
9174
9074
60
*58
597a
43
43
43
4274
-
60 74
3574
42%
6074
4274
4274
59%
*58
60
6074
3574
*34
1374
1474
14%
1 800
387a
1,500
140 7a
10
3774
33
38
1407a
140
140
37%
3774
*138
HIGH SALE
t per share
8
774
774
•
PRICES
/.Wednesday
July 21
t per shere
23
84
45
'<
3574
447a
43%
43%
*977a
98
98
98
98
35%
3674
3574
10474
*104 7a
*156
1
29%
*104
10474
160
*156
160
3474
3574
90%
367a
*88%
907b
967a
*94 7a
*33
88%
.37%
3574
17%
*17%
4074
15%
16 '••:
>
16
235/B
247a
23%
24
20
21
20
207a
553/8
46
5674
457a
543/b « 58 7s
467a
44%
,217a
2174
21%
217a
103%
103%
103
1174
1174
*12
'
.6874'
;
*94 7a
957a
•'••;.
357a
35
36
55
567a
*54 7b
44%
4574
447a
50
7,400
36
300
1067a
400
29
150
104 7a
170
17,900
35%
89%
897a
300
37
36
34%
90
35
*88 Vs
35 7B
36
37 7B
6,000
100
*1774
17%
*1774
17%
96
*94 7a
96
41%
7a
10
42%
8,900
577a
577a
50Q
16
42 %
41%
16
42%
577a
57
57
16
16
15%
16
25
25
25
20 3/4
20%
20%
21
21
587a
23,800
2074
'
l,600i
700
2574
i.5od
56 3/8.
57%
V7 7a
58%
467a
46 5/8
46%
4674
4674
46
1,900
437b
43%
43%
4374
600
44
22
22
•2274
2274
227a
103%
*1037a
213/4
104
103
68 7a
*67 7a
3374
33%
957a
*94 7a
<36/%:
35%
5474
54
443/i
1037a
12
12
104
12%
12%
*11%
44%
*2474
57%
12%
68 7a
33
34%
103
104
*156
40
997a
*94
407.
*43 7s
44
*43
*98
<■24
58
*55
56
•
100
400
44
177a
57%
41
39%
44
96
17 7a
*95
96
37
36%
3 000
73/4
23
83%
29
29
29
75/8
Shares
share.
*82 7a
*103
103
3374? 343/4
33% V 3574
•
*OQ
the Week
f per
35%
108
*156
1047a
•
36
10474
Sales for
*22 7b
23
3374
*43
160 r
,
7%
7 5/8
833/4
'
37
.
Friday
f per ehere
*2274
700
2374
July 23
July 23
83 7a
83%
*138
Thursday
237b
*22 7a
160
33
3374
38%
34%
1407a
100
233/,
*3274
•
2374
*156
*94 7a
1,600
*14
237a
*1047?
*68%
14 74
14%
14%
1374
*14
33
104%
423/4
45,700
34
1067a
297a
45
14 74
25
104 74
•
35
14
*2374
*2374
157/b
647a
35
*137/b
.
2,000
63
-
"
323/4
33
17)
1,500
353/4
6374
60 74
*34
1474
2974
56
42 7a
2374
1057a
39%
*58
1474
98
(
107
.
98%
107a
92
297a
96
57
103/a
.
Kennecott
*98
997a
"
Kansas Cijy Southern com—No par
47# non-cum preferred__J
100
587a July
:45
40%
3.8%
May 11
18
45
4174 May
98
26,600
32%
13874
*10474
*17
200
2,000
5874
*83 7a
997a
35%
-
47a
327a
774
36 7v
:
4
1397a
45
3574
Power 8e Lt Co—
T
94
•
45
8734
90
*82
4
3174
8374
*97 7a
■f:
90
4
*13874
8374
,
*85
3174
*22
*103
5,200
139%
23
*43
2,600
31%
3074
23
CLOSED"
73/i
3174
317a
774
317a
*13874
•.Tuesday.
July 20
774
774
STOCK
EXCHANGE
610
7%
73/8
3074
*138
■t per share
Jones 8c Laughlin Steel com.-No par
86%
I per
37*
167
16674
1,800
21,000
166
1397a
3674
38
140%
July 19
July 17
88
•
33/4
3%
LOW AND
IXCHANGR.
*82
88
1657a
32
3374
Monday;/.
Ratarday
HXW YORK STOCK
Range sines Jan. 1
Lowest
<
Highest
Year 1947
3274
3174
3174
147s
143/B
24
367a
77a
774
50
8.100
32%
327a
327'b
'
1,600
1437a
142
142
32
■«
2%
2%
14% ,15
14%
*23
133/4
*138
167
167
77b
14
32%
1
141%
327a
99 7b
1387b
59
22%
•
141%
3174
*33 7a
"STOCKS
Range for Previous
■
..*
-••.
147a
Island Creek Coal .common.?—90s
1
227a Mar
137% Jan
59
13%
*
1474
1407a
16674
10'/a
353/4
Interstate Dept Stores—--No par
Intertype Corp—L.No par
3574 Jun
100
2%
2%
600
20
99 7s
*99 7b
500
7%
-7%
20
20%
;
'
143/4
*58
*33%
preferred—-u—,
23
Telep 8c Teleg—No par
•Foreign share ctfs—.No par"
26% May 27
42
57
23-
International
24
9
29% Feb
Aug
42
.No par
common
-
20741
2% ..=274
143/4
':147b
313/4
*90 7a
60
7%
Mar 31
16% Jun
.
*57%
100 fit 100
100
*98
997a
..10%
907.
2074
207b
L 141
;
8,900
19%
<
2074
573/b
10
No par
International Shoe.
6574 July 12
Dec
19%;
7%
30
*
*98
.100
International Salt—
'
92
preferred—
89
63%
If
com
$4 preferred—__v,
No par
Int'LRys of-Cent Anaer com-LNo par
July 22
Feb
45
4
1383/8
———
447/B
1974
*774
*817«
374
87
2
139% July
44%
19 7b
8
7'/t
307s
32
'
1
2
4.33/4
1974
*7%
3
166
75/4
Int'l Nickel of Canada com..No par
•.'Preferred L
L—100
9
4474
1974
317a
.
167
85
100
~
33/4
20
Jan
32
i
16674
7 % i preferred
141
142
(new)—'.No par
com
437a
197b
•"•874
,147b.
14%
.
142
————-100
5 74 May
135
14
.
Machine—-j.No par
24
9 7a Jun
1-
Business
8.800
437a
...
1,400
70 3 4
160
*155
160
*155
160
70
70 7b
70
707a
707a
400
2,200
457a
457a
46%
45
3
Int'l Hydro-Electric Sys class A—21
174% Jun
Oct
Int'l- Harvester
46
*155
160
*99!
3
Rubber——No par
3074
*347, Jun
:
Int'l
2,200
*12
47
13
*12
13
13
4674
707a
707a
207a
com—
Interlake Iron —No par
16% May 24
1547a Jun
30% July 19
5% Feb
Intercontinental
374 May 18
23%
*1274
477a
21%
»
3
preferred-———Li——100
Corp
10%
23%
*12 74
J *73/4-: .••874
July 19
Interchemical
*10%
4,400
2,900
?2%
18%
*774
Copper.-.——20
Insuranshares Ctfs Inc——
1
r
26%
1074
42
23% May 15
265/8
237a
197a
87a May 24
*33 7a
267a
1074
44
11
347a
26%
2374
18
Inspiration Consoi
6% Feb
*33%
23
467a
90
520
337a
33%
10%
47%
500
347a
267a
40
Inland Steel Co—i.No par
—
96
1074
100
preferred—
96
22%
*155
-21% May 27
96
26%
71
-
96
10%
160
160
Jun 25
46% July 14
10
1,200
19,700
87
227b
1274
26%
69
11
Feb
4
3974
10 7b-
267b
*155
15% Feb
32 3
38%
22%
47%
1
34% Mar 10
327a
87
105/B
267a
500
39%
33%
23%
Gommoa.No par
new
•
4,000
89
38 7*
97%
*95
3 3/4
*87
1274
3
_
88
10%
Indianapolis Power 8c Ltght__No par
Industrial Rayon
X337.
387a
13
23
Illinois Terminal RR Co—
9
Electrica; De Mex, fl
3374.
34
3374
3774
88
13
127/b
1974
'
1474
3 74
*1274
14%
37'a
15
374
374
18%
197b
1474
15
500
800
2,900
18,700
1,600
12 7 b
44
-
18 34
197$
3274
977a
33%
25%
Co ^common—No par
3
25Ya Jun
1574 Jan 28
56
Jun > 3
*85
*95
34
etfs series A——L-IOOO
Power
86
*95
.
88
97%
86
pfd; ser 'A.100
4%i——_100
conv
<12% Jun
Jan
151
1,700
47a
*127b
11
34% July
Jan
4174
35/b
374*
37B
3%
123/4
Refrigerator
RR stock
3% Mar 18
May
300
42
18%
Co...No par
6%
247a Mar 18
Apr
207a
42 '
4274
43
*1474
35/i,
Corp-,,-——...
.4* Leased
May 26
-
Car—
Idaho Power Co
9774 May 17
30
Motor
Foods. Inc
Hussman
16
<37% July 12
181% Mar 81
116
*19%
427a
42
4174
1
July 13
"
^
Illinois Central RR Co common—100
May 17,
14% Jun
Jun
16 i
33%
20
44
2% Mario
107%
33
20
44
150
>
100
33%
43
Feb
May
Dee
600
1,300
10,800
207a
3274
*20
20%
*19 7a
44%
200
19%
,9% May
:
32%
15
2% May
:
32%
43%
40% May
32
Jun
:
32
1474
•
.
32
18%
Feb
Dec
32
32%
33
*32 74
*32 74
*42%
5%
80%
*40 7a
15
36%
46% Apr
37% Jan
■to';
41%
19%
Dee
Deo
*40 7a
42
*4074
43%
Dec
Jun
15%
4074
157a
41.74
1574
4074
15
10% Feb
38% May
94% Dec
6,100
147a
15%
157a
153/8
17%
95 Va Apr;22;
Dec
59% Oct
4,000
1,800
1574
41
*4474
Sound Co
Hudson
Hunt
8
Apr
19
Feb
137
3274
427a
4574 Jun 25
223/« Jun 10
20
34%
130% July
37
32
447b =
3%
6%
15
37
37%
32%
103/a
25%
19%
32%
44
96
Dec
t per share
37
32%
1074
Mar
r
186%
May
Lowest
37%
32
4%
39
Oct
15% July
22 V* May
20
26%
37
31
•
Dec
143%
27 7a
367a
29%
107b
125% Feb
-
27
3674
32 74
3,300
*47a
68% Jun
;
-
104
27
367/B
2774
31%
'
Feb
7
May
9% May
9
277/B
*26 74
800
14
27
27
No par
v t ,c
*13
7a
*13
14%
100
of Texas
14%
41
No par
Howard Stores Corp
I47a
2674
2674
3074
50
preferred
26%
2774
26 74
3
+.No par
com
187a
*2674
107b
22
p
3
14
*18
36
.
...12.50
—
2674
*13 7a
267av
*13
800
1874
18 3/b
4%
12% July 19
108
14
400
10%
20
190%~Dee
1774
25%
27
4,700
32
47a
95% Mar 18
17% Hot
8% Feb
.-®ya Sep
31
17%
11
32
1074
Jan
42
31
13%
11
47a
July
180%
Apr,,
30
18%
.
26
10
v
19
*13
_5
5
—
*31%
30
31%
18%
50
1074
32
103/4
1074
10%
10%
*8178
83
*81%
83
11%
24% Jan
•
>2% May
1074
*4 7a
9% Feb
20% Feb
Dec
*817a
10%
1,800
83
*1074
28% May 17
50
82 74
10 3/4
400
24
24
*8174
83
fit: 40
24
*22%
.
47/B
6
/Deo
*35% May
827.
.25
24
10 3/8
-90
:
23 %
: 23
24
*12174 1227a
1213/4
,23
■
•
74
43/B
62% Feb
i.. I
24%
1217/4
25
24
24
10 5/B
64% Dec
97
Aug
26% Deo
" S2% Jan
123
*23 7b
common..100'
37% May
93
Jan
,,
(A)-.
Finance
Houston Oil
•353/4 Jun 24
42% July 14
17
*12174
24
•/: ■••
5 % • non^cum preferred—-100
Hudson Bay.Mln 8e Sm Ltd—No par
14% July 20
Dec
30 y»
122%
237a
20
600
28 74
Hudson 8c Manhattan
27% Mar 18
May
Dec
122 74
27%
■/■'A
126
2774
3
30% Apr 37
,
28
6,300
53 7a
52%
*125 74
6
39% Aug
Jan
*27 74
22%
*30
27%
28%
23
18%
125%
ICO
1774
1774
513/8
12574
51
126
27 7/a
*
122 74
23
*17%
'
51%'
51
*125 74
40
:
147
Mar
7
32%
76
14574
600
617a
*59 7a
60
148 74
,-i
*147
14% May
Feb
7%
May
T.«
60
*
18 7a
*1774
187a
51%
126
125 74
28
27%
1
(Del I——
Houston Light 8c Power
10
18% May
163
611
14874
4%
14% Mar 17
33
*98 7a
100
*60
148 74
Howe
34% Jhn
189
*98 7a
100
40
110
9
12% July 19
■
99
.7
Oct
Jan
3% May
<
100
99
38
39
1,500
Jun
Feb
*21
38
jun
43%
"7%
38 7a
900
90
38
23
21%
18% May
;
90
38
47
May
13
90
38
5074
>
3,200
90
*17 7a
18%
21 400
11
Jan
12'/a May
•
2474
91
60
126
122 74
10
—
Houdaille-Kershey com
42.25 conv preferred
374%
Jun 22
38% Jun
11
Feb
33
13% Mar
T% May.
Feb
19
38% Mar
,
'
•
24%
31
4% Jan
2
9% Apr
5
Feb
29
May
.
22
25 74
1,100
974
10%
217a
*9
9 7a
*90
149
100
5
Corp___..
Furnace
Household
94% Jun
Mar 12
-
34% Jan
88
Jun
Dec
18% Jun
29% Feb
28%
Jan
•
Hooker Electrochemical Co..,-.
46 % Jan
Oct
36
45%
33
.
10%
22
9%
26
"
9
27
Mar
Feb
105%
31'/a May
.
1074
2174
*2574
5s 7a
.1
Corp——.
Holly .Sugar .Corp—
Hqmestake Mining.'—*
24
14
16%
3
107.
2174
91
*98 7a
517a
49
5
—,
cumi preferred—'
Hotels
Hollander 8c Sons
28
42% Feb
Inc.—4
Chemical
Holland
35% Jun
36
37 y. May
20%
30% Jun
11
14
26% Feb
Dec
Heyden
37« %
July 19
15% Feb
.36
19% Feb
56
Dec
13% July 16
Jan
Hewitt-Robins
29% May 20
16% May 17
5
21% Feb
Jun
;
,
17% July 21
Oct
36
%
Jan
85
2
25
Dec
44
14% Jan
Dec
48
Jan;
13 y* May
25
19
Mar
1
20 %
Nov
10
%
86% Jun
107a Apr
Dec
31% Jan
May
17
28% May 20
33
14% May
35%
27% .Jan'.. >.2:
*29% Nov
.21% May.
•
21
14%
Jun
*125 74
preferences—---No par
conv
114
.79% Mar 22
22 ya
*17%
.No par
..100
Hershey Chocolate com—.No par
10
July 1;4
123
Sep
Jan
29%
Jun
•28
107a
2574
*148%
607a
149
—No par
Motors
.18% Mar ;9
Sep
10%
'
60
9 74
97o
26
387a
100
*98 7a
874
22
*90
39%
39%
*148 74
Hercules Powder coramen
5%
preferred
;
2
30% Apr
27% Mar .2
Mar 22
Feb
4
Sep
38
9
Mar
46
121
134
Oct
20
253/4
200
674
76
*73
76
*73
Shares
share
63/4
674
2174
9%
21%
91
*90
-,—100
.
2.4
„
preferred
noo-cum
■
9%
93/B
26 7a
—,-100
....
,
267a
—100
25
preierred—
cum
(G W)
7%
•
22% May 21
57% Apr
8
10
14% Feb
Feb
134
Dec
118
18
^
common.
3.65%
Helm©
July 16
21%
9 74
t per
share
*674
76
*73
76
974
9%
.9%
227B
8%
CLOSED
I per
7
the Week
July *3
July 23
for
Sales
Friday
Thursday
,
t per share
*674
7
*73
76
*73
5
preferred......
(H J) Co common
Heinz
May 28
Jun
Co
*6%
6 3/4
6 3/4
share
S per
$ per share
EXCHANGE
1
2
-
i
Corp
37»%
25
35% Apr
preferred
Hazel-Atlas Glass Co
5
27
22% Feb
Sep
29% Dec
Industries Inc
Hayes
,
STOC.K
July 21
July 20
'
507*
126
Hayes
10
Jan
Jan;:
165
8
11
26%,Jan
21% Feb 14
July
Dec
4% *
Jan
Tuesday
<
July 1!)
$ per. share
1
100
SALE PRICES
Wednesday
HIGH
AND
LOW
Par
11% Jun
11
Mar 10
5
78
Apr
42% Feb
Nov
49'/a
*20
103%
May
35
X95
Monday
July 17
Hat Corp of Amer class X.
4
10% Jun
79
.
6% Feb
Jan
30%
.
7% Jun
24
.73
Mar 18
6% Feb 11
Oct
25
RECORD
Saturday
STOCK
YORK
EXCHANGE
8 per share
t per share
6% Feb
NEW
Highest
Lowest
Highest
Lowest
STOCK
STOCKS
Range '<»r Previous
I per
Monday,! July'26,
COMMERCIAL
THE
(358)
18
•
12
88 7i
67
-
67%
33 %
333/8
333/4
33
33
957a
*94 7a
95
947a
947a
<36
547a
443/4
•/
3574
*53 7a
45
,
*66 7a
35%
35%
547a
453/4
547a
*45 ;
68
35%
54%
'46
.
57s,*
VRanre for Previous
/Year 1947
Lowest
.
HIGH SALE PRICES
tTnoaday
Wednesday
20
Jiiiy>?8 r /
LOW AND
YORK ,STOOK
V
•
.
fit-fiti tPar
Monday
gatnrday
\July 0J
»
^EXCHANGE
t
$ per share
f per share
(359)
FINANCIAL
»STOGKS
NEW
Highest
Lowest
4 per share
9per-share
i
mm
Range since Jan.<l
Highest
_
COMMERCIAL #
THE
Volume 168 7: Number 4719
July i:>
4$
Jper share
share
per
5 per snare
t per share
,
J
the Week
share
.Shares
July 23 /
July 22
tor
Sales
Friday
Thursday
I per
$ persha%e
19
>
(if:
4% May
m
J!«b
4% Feb
Dec
14
Ji*ii
8% July
*9
10
147/8
Jun
Feb
47% Jan
1
23 % May
1 %
3l/4"Feb'
>!•% -May
•
35 Va Mar
>25% Feb
2
Jan
9
8V4 Jun .24
■
4% July 12
.
35%-Mar
>14 Va May
Jun
9% ">Feb
50%'Feb
>
•5% Jan : 19
V« May
'
17
16'A Feb
■
11
78
?May
Jail
82-
191% July
165
37
Apr
"Aj&AVD^c
10
Life Savers ,Gocp
87/a Feb
•
Jan
a8
<-
30 Va
Jan
18
109% Feb
20
Feb
79
19 Va May
,
*,78 Va Dec
-JO5/. May
18 V.
Dec
79%
-Mar 16
85
.2
F^b
V.
Dec
141
Jan
172
137% Dec
Jan
-6
38% Mar 16
29% iQct
20
Feb ill*
Dec
101 % Aug
92
Mar 17
,13% May
*6% Oc*
•
17% May
V»3
&S4
Noy
•24Va Jan
49% Mar17
>41
•:•
152
.
•
367?Jan-27
^QT
132
<Apr
.
May
t»9%
Dec
-11% May
••116% Apr
.t.21% Mar
'
Dec
32%
Dec
1
4.-3%
Jan
r;!
■8 %
6% May
34%- Feb'
May
•*37%
i. 14:
,
26%
190
Dec
-
166
Co.:
,
Feb
Feb
525-
Apr
•
Feb
20
22%Mar-4
.<
97 A'Jani^F-'
: k 14
V2 Jan
27% Feb
170
22
V
>May J20'
17
July 12
29%-May 18*
103 Va Jun
9
...
.Oil JExplorat.ion_l
Corp—
Martin
-
7,ft
26
Jan
176
35%Mar 16
47% Apr 20
preferred-.
$3.40
9% Feb
11
14% Nov
Jan
38
Mar 12
Jan
110
12%
30
>
112
$3.75
3
$3
9
$6
41 u, j«n
t per share
1st
Feb
11
107% Feb
88
.Jan
^5
Oct
Feb
101V2 Jun
36% Mar 12
42% Jan
23% Mar 17
15s
31
30% Mar 17
87
Jan
5
98 Va Jun
Feb
18%"Feb
11
31%
Dec
Feb
23%
Oct
Jan-23
45
19Va Feb
16% Feb
Dec
Feb
80% Mar-24-
Feb
36 Vs.Feb
27
Jan
20% Feb
16
-
20
May
25 V2
May
24% Jan
73
19 Va
Feb
Jan
'
14% Feb ,11
52%:Feb
12%: Jan
^9Va Jply
10
-1-
28'
18% Jun
44% Feb
11'
50% May ?-,8
637/8 July 13
88
Jan
10
95% Jun
13'
27% Jun
15'
44% Jun
30
36
Mar 10
Dee
447% Jan
111% Aug
94
Feo
6
13
Feo
11
19% May 27
48%
38% Feb 11
35 ,: Mar jfl
>
104% May 25
18% Mar
.
Apr
Dec
,:.45 V* (Nov
May,51
456Mar •
45 % Nov
■
129Va Feb
11
12% Feb 27
May 10
44% -Feb
9% Mar 17
(66% Jan
43 V4 July 19
563A Apr *21"
114% Feb
Dec
88
98
70% -Dec
461% Apr !'■
;
j
s; Dec
(.102%, Dec
15-
May •
:123
Jan
28% Mar •'
;
'Dec
'Oct
56% Oct
8
Feb
3% May • A
,25% Feb
vll% May;
-51%
32% May1
May
s
..
137/a
32
23% Sep ;
•:>
July 21
•
July 13
14
«May
49% •May
Jan
Feb
Feb
»63%-Feb
-
54% Mar 11
,:09
Jan
2
.40% M-ar 16
111 V2 Mar 11"
42% Feb 11
78
3
,
105
18%'July43'<
July 14.
10
11
34
44
Feb
11
24'AMar ll
49% Feb li
293A July
61%'May
128% Feb
>110% May •
Feb
102
10
105% Mar 17
49
15%
€4%
May
Dec1
17
'
•
27%
•
27%
17% May-
25
14% May- :•
27%
102%
"10
Dec
14% Nov
27% -'Oct
May*
19% May
Feb
l?V4,X)ec
•
'24
May
.9.% May
Feb
Mar
Oct
Apr .-v.-107% Mar
M«y:
'15%'NOV
L—.For footnotes see
47% Mar 16"
43
23
Mar 17
N(ar l7
-
<11% Jan
23
'20% Jan 22
19% Mar 17
'16
Feb
19
(19
Mar 17
100% Mar $1
11% Feb
pqge-24.
16
122
May
112% Apr
65 1 May
17V4 May
27 > Jan
18% July
-
44 Va
:
YORK
"
•,
_^_2
9
Jan
10
14% Jun 10
5,100
24 Va
36 Va
36%
36%
■172%
172%
172%
172%
44%
-44 Vo
44 Va
2,300
*91%
92 V4
*91%
92'A
;
-91'A
•>;
91
*90
91'A
84
90%
*82
84
*82
*82
84
*39%
40%
111%
10
30%
4.700
\k
56,000
31 Va
'U
ji!
AND HIGH SALE PRICES
Wednesday
98 V2
98%
339%
(Sales far
July 38
the Week
9 per share
.Shar.ee
32%
32%
33'A
33'A
1,600
98%
*98
*38%
/Friday
July 33
33
32%
33
%
*37
i
*98
98
98%
99 %
100
38 %
*37%
38%
37%
37%
600
28%
*27%
29
29
*27%
400
2,100
2,700
28
28 V2
28%
28%
48
49
48%
49
49
49
49
49
33'A
32 'A
32 Va
32%
32%
32'A
32%
32 %
32%
'
20
19
23
22%
23
20
20
20%
20%
19%
19%
1
94
94
40%
40
40
23%
X23
94
23 Va
24
16%
16
58 %
56
56
17%
*17%
17%
*9%
'
95 -
24
43
.42
42
26
11%
•45'A
r
*12
30
4,700
Va
89
89 Va
350
89'A
„
69 Va
69
,68 Va
697/a
1,000
> 340
•»62
8'A
»62
8V4
29
55%
*
110%
54 V4
40 V*
13'A
13'A
29%
*28%
•553A
55%
*108
116
110%
:557/a
55
14%
26%
26%
20%
20
>20%
20%
30V4
30'A
31 Va
53,000
40'A
*40'A
40%
400
13'A
13%
13%
29 V2
28Va
28 Va
300
55%
54
55%
6,300
116%
110%
*106
-
,
.
-
900
19,000
15%
4.900
26 Va
,<
15'A
'•25
36
200
116
llOVa
56
15%
*25
900
'■'i563A
110%
56
•15'A
>27
20%
4,800
37,600
•54 Va
16%
,25%
'•
110%
■25 V*
>16%
15%
25
.15%
>.
*108
15 Va
25V4
16 %
14%
>25
63
8V2
55%
56
*109%
62
8>A
29 Va
,40 Va
*"28Va
<13%
200
120
62%
8
16 'A
i6%
16%
6,700
26 %
27 Va
27% ,,27%
20 Va
20 «/4
2,100
?
1,200
•
i
'"-ii
>
19% >20
28 %
:29%
*106
-
>:*12-
•
106%
12%
20 '
29%
30%
106%
'13:
.
.
i
106%
*12%
3,20'A
;
i2l
/;
20 34
30%
21
>.30
•> v
'n*
>
200
1-16%
,
•
10,000
.
,.8%
62%
30%
119%'
120
*119
13 Va
*40
•40
113
8
•29'/a
30'A
::
54%'
,
123A
44%
44%
.*88%
88
119%
•v-
106 Va
..
44
.45'
-,69
61%
113
19%
106
447/a
Va
88
119%
,7%
*109%
21
',28
4,500
46%
„
20%
12%
16%
>
25%
12%
16%
12%
15 V*
25%
<19%
12%
16'A
28%
55
15%
12%
.44
:
17/
27%
12 Va
16%
29
•
3,000
16%
28%
14%
137/a
102%
28%
*25
8
102%
40
110
13 7
103'A
30
.,52
13%
102%
.61 'A
270
13%
103 Va
.
110% .111
567/a
55
1,000
-
138
138
138
*137%
13,200
*102%
«407/a
12%
110
5,200/
16%
42%
I6V4 •16%
119
^118
8Va
260
59
42%
103%
*102%
-40%
12%
.
16%
58
600
\
137/a
*683/s
89
:
16%
57%
•43%
16%
138
900 j
42%
101%
*100%
12%
t67% >69
;
*42%
,42%
25'A
133A
13%
12 Va
.44 Va
25 »A
101
900,
93
*91
56
44
138
6,300
*42
16%
57'A
42%
138
•62%
7%
16'/a
56
*137 V*
103'% 104
15% *16%
27 Va
16 %
13 Va
*42
101
100%
56 V*
>44
89
49
4.0
100%
100%
41
12 /
119
41%
15%
55'A
-
68 Vt
Va
93
*24%
■
58%
60%
60
*91
43% 145;
89%
89%
118';
60%
*59
24%
24 %
120
10
60
100%
139;
67%
*9%
93
f
13% .14
11%
10
2,800
55 Va
17
*91
.•42%
,
54
17
*9%
10
3,100
16%
16
17 Va
*59'A
23%
23%
56
94 Va
41%
57 %
138
*9 V2
16'A
180
100
42
17 Va
60%
*
16%
15%
53%
10
23%
101 Va
101
17. VA
93
23%
23%
16'A
*55%
*91
"25%
•
93
16%
600
2,000
20
*383A
56
-17%
2,800
20%
19%
42
*58
60 Va
*92
18
*9%
•10
59
56
23
*20
94
93
*38%
23
16%
16
*55%
"
19%
19%
*93 Va
:*39 'A
94'A
41
23%
15%
19%
19'A
95
23
23
20 %
20 Va
94
*91
95
23'A
*20
20
23
235/a
*38%
*91
95
*91
95
*90
95
23%
i"Nop*L-
100
9 per share
I,per share
per-share
30
Thursday
July 3,1
;
1,800
nio'A
40%
110'A
%;
90
20
10%
10%
30'A
*
250
10%
*39%
110JA
10 V»
49
3 2'A
r100
60
44 Va
>92%
28
.
1,500
172%
V 45%
"32%
'
98
1,700
,
48%
,
-
1,700
:.i, M4
v24 r
"363A
37%
24."'"
...
,
*90
-
"34%
32'A
39%
*90
.
65 V2
30
.
1st pfd—
—
18
65 V2
10%
33
98
•
•
t
16»A
18
65%
Tuesday
38
EXCHANGE
*
CLOSED
16 Va
18%
40%
July 20
.4,300
16%
18
64
111%
9
.10
/ 65
18 %
*39%
-Monday
102
,
45
10'A
*33 Va
320
3,400
25
/
*100
,nm
I6V2
Va
25
•
>>102
*110%
34
32 Va
24 Va
*100
40
j# per share
STOCK
/, 24%
111
10 Va
July 1.9
9 per share
Par
24%
IOOV2
40
LOW
July 17
24 Va
*110
>41%
III
34
4,100
16 3A
10%
105/a
10 Va
1,900
'"7 'A
*91%
84
*40
22'A
77 'A
•16 3A
*170
<91
*82
*110
fatnrday
Mo-Kan-Texas RR com
iljo par
r 7% preferred series-'A——100
Mohawk Carpet Mills—
20
24
LMojud Hosiery Co Inc.
1.25
6
Monarch iMacljine Tpoli—:---No par
17
Monsanto Chemical Co jcom—;
9
15
$3.25 preferred series A--.No par
*6
$4 preferred series. B
-No par
21:
Montgomery Ward <fe. C0-<1--jNo.P**
15
MborefMcCormack Lines^
9
>9
Morrell (Johrr) & Co—> —fNopar
2
Motorola;Tnc
1—
3
33% July :6
108
90
83%
i
:
Motor Products Corp———LNo par
Jun
91%
217/a
7'A
167/a
22
24% 124%
'92 %
91%
STOCK
Motor/Wheel Corp__>.>——_ __ 5
.Mueller Brass Co—i-—i
—1
: Mullins Mfg; Corp. <commojh__Lr—1
$71 preferifed———
.-No.par
Munsingwear Inc—. . .u
9
-
"92
91V2
22'A
7%
36 V4
44%
•
91%
24,100
*165/a
17
:
May 27
23
44
300
ll7/e
167/8
16 Va
•64
64
83 Va
par
29'% May 27
24
172% •
46 " '
*170
•"''llVaf 11 Va
<11 Va
1,400
10%
23'A
22>A
16 Va
I6V2
v-'*-rJ24 Vt: i24Vs
'(.36% :/37
*170 s
172%
V21
37%
35%
July 13
' Jan v5
15 Va Jun
v.
*10
IOOV2
i
f-M7"
17
^ ' <9%
"9'A
7.%, .»" :7-%
24 V2
64 V
67
24
:24?A
Minn'>Moline' Power Impl cqih—I
> $6;50 .preferred—u———-"Np par
Mission Cojrp
—-_c
10
>
9% July 13
Feb
.7
.
*21%
*21%
:
'.>11%
11/
22
*
102
•16Va
16%
-17 %
<•'
10%
23'A
'
*10
<
*560
♦500v
'0
'
16%
■16 V2
24 Va
0
2,500
14%
14%
560
9
%
""
111/4
22%'
*100V2
.
14 %
.14 V2
*500
560
*9 C
:'*7V4
25
63
liOOO
23 »A
102
17
207/a
>10%
16 Va
auo
1,800
207/a
10%
7
1,600
-10U
21
*21%
22
100/
207/a
231/4
*5'97/8
35 Va
35%
35%
102
12%
"9%
7 Va
100
10 K0O
12%
-10%
22%
y
35%
37%
138
23%
*132
22%
24'
12%
<9
•
,
102'
<14%
14
*500
.
$4 preferred
17
73% Jun 14
■34V2 Mar'17
> 9
Jun
121
•13% Feb
A
-May 17
'
•'1
X.-;
12%
*21%
%
10%
15%
■'
:
:■•••
14
IOOV2
n
——100
Minneap & :St; Louis Ry
;;iNo par
Minn St P & SS M A Arte—£,Ng par
Mirin-Hoqeywell RegUl com.——3
3.20ft Qonv. pfd sqriek A,:——.100
Minn Min & Mfg
-_j.No par
8ft,cum
'
1
30
y
2,500
21
21
560
23%
8
Mid-Continent Petroleum
10
Midland §iieel -Prod ^pm—P*v
69% May 7
4(8 iJun '151
140
iJun: 17'
>16
'<14
23
:7
*
Miami Copper
•
«% May
'.47% May ;
,
T.700
,
13%
*10
*9
23%
■
'*12%
(22
*500
II
16%
2nd ,pfd (2nd series)
50
MelvlJJe JShoe Corp./. —:—_—1
Meqgeh Co (The) common.
:—1
5ft cony 1st prefferred-J—^—50
Mercantile Stores Co: Ihc
^__3%
Merch <fe Min Transp Co__—No par
Merck & Co Inc common———1
$3.50 "cum preferred—1—No par
Merritt-Chapman &* Scott-.-Np par
Mesta Machine Co__—_1_——9
/Metropolitan Edison 3.90ft- ;pfd-10O
23
16
'
:9%
4ft
24
35%
13 Va
12 V2
22 Va
,y
—No pa*
4%,ft" pfd -(1st series)—"
197/a May 15
62% May ,15
,65%. Jan
-
i
1,800
,
"■21
*37
?377/e
138
*132
)>23%
35 »A
355/8
»ioi
102
•;
23%
'
15%
*
*21%
par
Stoves Co—
1
Mc-Quay Norris Mfg, Co
—10
Mead Corp^common.
—No par
96VarJun ,»8
46% May 28
25
Jan -2
33
•"•M>
1,100
98%
•21
'
'*<102 V2
*21
,'21%
"8%
—
103% Mar
,
Dec
-404
*97'
21
*37
<37 Va
138
*132
23%
23%
•35%
*101
*
A *37
37-Va
138
*132
560
:
11
McLellan
'
23% May 25
27
50
105 %
Jun
2
24%.Hun
9
24% Jan .12
11
i *36%
13
13%
McCrory Stores Corp com,
1
>3Vaft Iconv. preferred
100
McGl'aw-Elecfric Co
—__1
1
McGraw-Hill Pub Co_J——rNo par
Mclntyre Porcupine Mines.—--^—5
McKesson & Robbins Inc com—_18
$4 preferred
.-No par
14
Feb
44
1
,
36% May 21
12% May
*•
20%
36%
20%
EXCHANGE
Jan
32
56% Feb
35% May
■
21 %
102 V2
<•
•
*500
Nonpar
preference-—No par
cum
,
25Va
'-/{A > 7/
207/a
70
•24%
,46%
■.
31'A .v32%
'98%
20 Va
46
31%
*96%
-
175/a Feb
,
31%
98%
12%
.preferred.
NEW
tper share '
25
.45%
—'—No
pfd
cum
Rights
i«5 July 21
105V2
89
31%
*96%
-24%
23%
-
1
■
X31%
35%
*101
A-1_100
common--—8
Mcc«li iCorp
12
Dec
84%
<46%
3,000
11,600
'155
24%
24'A
>46%
3,000
,
<20'A
19%
,,
*153
*23%
17,100
,
27% V28
,
153
32>A
138"
*132
CO——1——__1
STOCKS
Feb
33%
>43% May
■»
27%
98
•
21
Jan
Range since Jan. 1
Lowest
Highest
I per share
13% May
v
9,000
63'A
31
"37%
3-7%
•
Maytag; Co common-:— „1-No par
May 15
43% Jan
Apr 16
July 21
55% May
'
63'A
•;
167/a
63 '
98
21
21%
21%
16%
;
153
>v'46
46
45%':-
.45%
"82%
*79
:
>
19% ;/.20%
•24%
*237/a
4jOOO
•16%
27%
.
2,000
10,700
19
'
153 t.
153
18%
65
49
18%
Va
21
$3.75 icum
13
,16
v
19%
;23%
63
'
63%
:84
10%
8,100
47%
/ '
22
300
,41 'A '
ll'/a'
11%
63%
-47
21%
27%
l&Sfi
.
i
*79
,
*40
.41
:
380
167
167
166%
.8,500
10
/W-Vi
'{11%
18%
.
-
■
32 %
"98
.preferred.————No par
pfd 1947 series—No.par
18
Jan
May 15
52%/May 1
35% May 15"
29%
27%
19 Va
155
'•46%'
\
—1
16.25
Corp—No
May. Dept Stores
,
Jun
84%-Mar 27
Highest
■
—
L)
.IGkann
Martin-Parry
Juri
Dec
"136% Jun
:
.10% May
27
.23%
19%
Marshall Field/A Co'pom——No par
93
16% May
.
63
; .19
24
30 Va
;.ir-4%ft L preferred——i—1-100
•
21%
f
62V2
26%
19%
45%
38
Midland,,Corp—:
—„i8
Market /St Ry ,Gft prior ..pfd
HO#
17% May
■
.
'16% '
.63
.62
155%
'
24
—8-
Marathon
85
May
97%
163/a
19 '
/Marine
93
48% Jan
Mar
83
17
No.par
-r-
Maracaibo
V.May 17
8
30% May
,
16%
*153%
14 ,?■ Masonite Corp*,-——No par
Master "Electric Co..*-———1
27% May 20
No par
39% July 14 »'-• Mathieson Chemical Corp
11
50
Dec
40%
165/a
29"
2,100
45
S84 Ve
'63 Va
1,800
89%
87%
11%
>22%
:
36
*63
21%
.85
52'A
63%
*79%
pav-
Manhattan -Shirtll—'
'6
May
88%
18
11,100
52
46%
:
22%
26%
69% Jun
May -,4
•
*:
16
19%Janl6
4
113
.
v# per share
87
18%
18% V'18 %
"
22
Co—i_—i—1
Manati .iiugar ;
Feb
Lowest
46
63 %
46
*79%
84
.61%
1100
commqn-^il
com—T^o
Mandel (Bros.
•
22Va Apr
2
'"*49% Mar
Year 1947
24
63 Va
46'A
21%
-
23-
Range far Previous
35
'
11%
2,600
9%
35%
*40%
16%
4%ft ii'pfd 'series A—100
Madison' Square. Garden
:Nojpaf
Magrpa Copper—
Magnavpx Co (The)-:
—1
Mahpnipg Qoal RR ,.Co__
1-50
•tj
7
25
^
new
Macy 6R H),Co Inc
.
14% ,Jun
.
>
20
/Trucks Inc
Mack
•
<,Jan
26
.
Va July 21
*82
,
20 Va
*>80%
Co„———18
preferred—
6%
84
i
.
35% May
24
40
%
18%
18 Va
167
11% ">ll7/a
11
.44 %
•
MacAndgews # Fotbes gQip—r
>
13
77% Apr
Jun
108% Mar
»•
sNo^pa*
23%
36
86'A
166 V2
,
63
63 %
---Nonpar
—
500
23'A
10
36 ;
t'87
40
'
lO'/a
52%
9%
44'A
11%
10%
5
Co__1J.
Link .Belt
-•
167
40
48%
•
51%
'36%
*38%
39 Va
V*
7;800
48
*10
10;
23'A
.10
165
v97% <Mar
i
7% May
A2
Feb
106
Dec
t
•52
51'
97/a
,
x40Va
100 V2 Aug
Dec
85
Jan
M9%
-
39% May
.82
NOV
35% NOT
7
24'/. May
1,1751
.Dec
>88:
r
jJan >2
10% May 21
13% Jun 28
24%. Oct ;; /45Marl6
63 Va Jan: > ;« 47% Feb 11
18 V. July
:
.
10
6% Feb
15
*
•
!34- uj*n
-
ii'39% May
X-
5VaFeb
•,
•411% Jb)y
Dec
May
14 Va May
itf
9Va
166
Luksns Steel
■24.% May 20
16% July ,6
-
18% Mar 18
Feb
46 V.rDec
^9*>May.
22 V.
51 Va
>93A
.
f
166
8
15Va-Apr'12
-
11
20% Feb >17
i >7 ..-Dec
'■".687%" Feb
(il9% May
w
10
1100
397/a May..27
7
Mar <4
8% Mar 16
.
32 %' >FCb
v."i
50V2
23%
500
23
23%
86 Z.
'
V14% Feb
'
•
•
103% Jun- v4
i»Apr j23 •"/
525
ilS'A Jan
May
;
•9 V4
•
27Vo,Junv10
.
Apr 42
9 V.Feb
'
'Dec
40'
142
llVa Feb 8
*16 Va Feb 25
'r;JVW$-iApt
> Jun V J fflQO
74
98
Mar
45% Feb
,.-•
•"
i
..
jurv m
>
30% Mar46
•
.111
30%-Dec
1455
23%
23'A
_
2,000
9
•9
48'A
10
10
:
<
24 34
24%
-
225/a July 23
Tio'A
:
357/aMay 15
98% July/14
'
22%
'52%
48
48%
10
63
*41
;/
.
9 •/:•.
2 200
5,500
16,200
4 V4
Va
ii
/■
' '3,800
'
....
Mar
334
•
Jun <22
24V2-May 19
50
<May 15
21%Feb :11 J
Jan
; 39>/a Dec
,
20% JUly>22
158.
8%
48
>86
Liquid•.CATLpnlc ;Corp com— .-No par
3 Va rU (ponv .^preferred
1
_190
Lockheed Aircraft Corp—
1
Loew'fS Jnc
—j—^-No-par
LonejStar Cement Cojcp_
jMoipar
Long/Beir-LumberA—
vLorilJgtd lPneo common.:
5tl0
7 %. (preferred——
—.1—1100
Louisville Gas & Electric -A—Nonpar
Louisville -Ae-r' l^sbvilleu—^-50
Lowen^tein (M) It Sons Tnc com—1
.-.•4%V# i,QU0i>pfdrseries A—-—-10C
•307/a JUly 15 f.
Feb'49 !
24% -/
*8%
'1,300
-,.f
*
■
■'
7
-4
63
*24%
,36
1
68% Jun ,'.4
18
Jap
V41
1,4
.
34%
7
;87/8
8%
12%
34 VB
'
24%
10
50%
4 V4
63
48 Va
.47
•••
24%
*41
2.4% 'it
35%
Lion <011
20% May 21
.21%
4 %
86
Lima-Hamilton1 Corp
24% Jun ,11
,15% Feb 27
87 % Feb->28
6%
.'»>
98
12 Ve
<3.
>
"•
25%
25%
34% /
6%
*34%
:
4%
36
:,preferred
'12
7
:86
—
11%
-34%,
>
*96%
98
4V8
8%
,r
48%
9%
,23 'A
*96%
63A
10%
22%
'
7
*24%
*
34'%
'
9
9
47%
"10 5
900
500
7
>63
20
-
,
28%
40%
4'/a
24%
25 Va
50
*27%
*39
35
*41
63
23%
/
*48
600
27%
'
85
•
14
13
19%Feb -.27*
•
>17 V». Apr
> Jun
Feb
'4 Va
3%
•Ml
*'•;
Ii400
.
40%
6%
Va
12%
50
.
27%
3%
3.4
■•".1,300
*11%
"
,36
7 Vc
70 V» May 24
'55% Jun ,11
233/a Jan ; 9
'
-28V*OoJk
12V» May
.
11
13Va Jan
Feb
>27
,
•68% May
i'21 Va
28V» Feb
Dec
35'/a
6%
6'A
10,900
.
.ft/,;/''
9'A
11%
.(•:■■
*39%
11%
11%
.,—5
13% Jun 10
10'
55% Mar 16 -'
.■
'35 V.
34 %
'.'Lily Tulip Cup .Corp__1_—Nonpar
'
*47
12
•
>12
11%
11%
•98
*96%
.V
6
21%
22
*48
%.
25 Va
25
99
Liggett-,# Myers Tobacco eom_-_.25
:
May 14
47
24 V2
*96 Va
40
36
174% Mar 30
*
27%
■
>No?par
Llbby
49V2
27 Va
*39%
24%
*
99%
^96%
*48
.40 Va
41
24% V25
.
49
•
5%
*8 %
*21%
^ 9
IV/e
12'/a
ll7/a
.
2m
'••/
267/a
40%
26%
«
9
:;9Va
>v
6
5%
6'
•«
Va
22 fi " ,22.
:
12%
11%
•*48
49 %
27%
Llbbey Owens Ford Glass—-No par
1
Libby McNeill ,&
91
'July20
Feb 44-
'Dec
"*48 i
Aug
■12% Oct
Go com—__3
Lerner Stores OorP-
14
10% Apr 42 >
Mar 12:
>Dec
\i--~^->^—5
Sons
38 Va Jan >2
;33V4"May
>24 >A Aug
/iJamcs)
49 %
•
3i%Mar;.16
.1,69
96%
May .20
.
26 Vi Jun
-56% Jun
20
,:,:8%Febtl3/
'/Apr
40s/. -Oct
f29 Vl Mar
12
■
Mar 18
46
v59% Feb
May
.8
Feb
25
May
'
46 V* May
56/./May 15
9 % Feb .>24
;'AM'- Vvjaa""
Des
*10
July" 12
10% May 42
4lVa Feb ,25
•
>5%
-38
26 %
49% Mar 30
Rubber ,i& •Tire
Lees
9
'•>21% >> 21V2. -*'•
-
5%
I.
j
,8% ?' ?»8%
,..
12 V2
%
il
•
•5%,
5%
'•><•
57A "•
-■►©Va
26%
40%
/cumulative preferred
100
Lehigh Coal'& Navigation'Co—-10
:
Lehigh Foryand Cement.j.—1—^_25
Lehigh .Valley
——:—-50
/ Lehigh Valley.Coal com_-»--l—1
Non-cunnjiative prelerred-'
50
$3 pon-cum 1st preferred—-No par
50c non-cum 2nd pfd
,__No par
Lehman Corp (The)--™"
.-1—1
Lehn &.(Fln)t Frod Corp
>■
1
—5
13'A May 22
37% Jan
9
4% Mar 16 '
Feb
87/.
^—
3.85 '/c
Jun .16
99 /
prelerred
Co'
CLOSED
''•
<
21 Ve¬ -22
•
No par
50
1
common-
bryant
%%
Lee
'
26% May 28
11
30% Mar
Jan
44 V2
*
4
5%
a87/e
-STOCK
EXCHANGE
i_'___No par
(The)—
Co-
Lane-Weils
6
-'/May 18 '
47
27
'Feb
10
;j2%VFeb
')
!
Jun
,30 %
■'( AVa May
Mar 19 *
Feb
23
:95% Jari >31Vs
Apr
101
S Va May
'v.t
Feb'
30'A
Dec
i95
35'
56%-'Feb
May
(38
,21% May.
Lane
53% May 17
27
27 Va May 12
Consulia -,6'U
Lambert
'
14'/a May 15
9% Mar 12
Feb
56
May
49 %
Mar 24
24
20%'Mar 19 "
Jan
44
Dec
20s/k
La
12
1
—4
;pld—75 Pesos'Me*
LacledeVGas "Light Co_
6% May 15
Api
5
11
ft
!
t
1
.
*12%
2,100
213A>
297V
3105
j>J06
my* >;i2%.. a
"TTP
'
29 Va
106Va'
.
-*4 -it
...
10.200
190
U—™.
20
(360)
THE
NEW
YORK
STOCK
1948
Monday, July 26,
COMMERCIAL ft FINANCIAL CHRONICLE
RECORD
*
Bungs for Previous
Tttr 1947
UVMt
35
I per i/tsre
40%
Apr
107%
112
Dec
9%
Jan
50%
33% Peb
44%
Jun
■
13
Peb
38
56
Jan
;
MEW
$ par than
>
•
45
2
112
Jun "2
17
Jan
43
v Jun
55% Jan
Ifsrikari
1
common
STOCK
■;.,42
EXCHANGE
♦108
109
preferred
100
Murray Corp of America eom____10
*n-4% preferred
-50
5
Myers (F X) ft Bros
;
•
-
42
4%%
29
50% Jan 23
Par
Murphy Co (G C)
2
May 12
July 19
CLOSED
t per
13%
''
Y 13%
*37
*52
Nopal
41
54
•
<Y;
t per
*39
53
53
*39
14%
-"41 •'
"52
54
14%
14%
Y-41;'''
Y ' 53
108 *
14%
galea far
the Week
gharat
than
42 %
108
109
109
109
14%
41
>52%
!v?
July 23
42
41%
41%
42%;
♦108%
14%
.
Y
I par than
than
42
Y 109
*38
Friday
-
>?•; July 22 J:f.
'
42%
*108
14%
I per
than
42
^//■Thursday
Wednesday
July 21
July 20
t per than
?
SALE TRICES
Tuesday
Monday Y'
1
July 17
.
May 15
11
LOW AND HIGH
STOCK \
YORK
EXCHANGE
•
16
Peb
iTAflfl
'
Highest
107% Jan
Deo
mA
Banco nlnoo Jan. 1
I per than
m
Feb
Jan
16%
Dec
37%
#■::
Lowest
Highest
• ptr than
'''
•
14%
*38%
1,400
Y;/.;
60
;
■v; 3,100
43
*52
•r»:
54
100
N
19%
Peb
it; May
29%
Peb
20
Peb
24
51
30
Jan
24
Peb
14,
16%
Jan
<0%May
14
Peb
8% Feb
11
10% May
16%
Feb
11% Feb
17
Dec
29
Feb
26 % Feb
20
Jun
164% Feb
10
14
May
-
May
8%
Dec
24
Jan
27
'
110
.34
Jan
34 y4
Deo
21%
187
Jun
26%
13%
Feb
43 y4
14%
Oct
13% Ma j
Deo
17%
38
20%
Jan
23%
30% May
14% May
96
j
Jan
National
8
17% Mar 22
45
July
30% Jan
23
13% Jan
1
32
Jun
2
National Cylinder Qas Oo_
Natlonal Dairy Products
28
I
National Distillers
Dec
37% Feb
11
May 21
22% May 21
43% Mar 30
National Dept
Feb
25%
Jan
15%
Feb
11
20"% Jun
Feb
87
Feb
25
29% Jan
23
38
Jun
10.
163% Feb
11
177
Jun
7
Deo
167
Jan
134% Feb 19
147% Apr
Apr
6% July 19
15% Feb 11
7% Feb
2
24% Jun
10
Jan
Deo
8%
28
Jan
95
H Mar 30
81% Mar 10
1
Jan
22
Jan
22
25% Jan
10
25% July
16
94
Feb
11
12
Mar 16
Deo
,13%
Jun
10
Jun
25
18% May
13% May
24%
Feb
15
July
6
18%
Feb
13% Feb 16
00
Deo
Deo
19
26
35
87
Feb
10
'
38
Feb
26
Oct
Feb
22%
13
8
9
July 12
26% May 21
90% Jun 18
19%
19 Va
41%
41 Va
42%
'•
40
40
16%
•93%
17%
16%
17% Y
93%
93%
r
■
31%
34%
31%
171%
171%
*141
20%
No paw
1.800
42%
42%
*40 Va
42%
300
17%'U
17 Va
i-.;17 %/''
17 Ve
17%
11,400
94%
94%
94%
34%
32'%
33 ■'
143
140
140
23'%
22 V*
—
11
144
11% Mar
20
Jan
49% Jan
200
9
Jan
July 12
July
61
19
not
Sep
20% Feb
84%
Dee
107
Mar
88% Jan
16
Sep
14 % Feb
2i)
Jun
255
25
Mar 18
14% Jun
I
10% May
6
19
Jun
27
19
Tb%
9
23% Apr
3 :
Mar
27
10
23%
21%
87%
v87%
*86%
26%
26%
26%
9
39% July 12
13
York
7 Chic ft
6%
15
17%
10%
10%
10%
15
15
15%
15%
*100
102
*100
32 Ve
94
*92%
94%
*93 Va
11
98
59
20%
20
81
Jan
88
Jun
21
4
25% Jun
21
15% July 20
33%
jueo
bj%
Jan
30
Mar
06%
Deo
64%
Not
55
Feb
26
Deo
30%
Sep
16%
Deo
33%
Jan
17% July
28% Jan
13
14% Mar
17% Jun
17
8
3
Jan
*22%
56%
*235
132%
19
100
85%
1.50
83.75 cumulative preferred—
Noblitt-Aparks Industry
24 •>
*54
57%
250
*225
13
12%
14'/a
14%
14%
10,500
35%
35%
36
37'%
37%
38%
6,700
92 %
27% Jun 24
Deo
102%
Feb
81% Jan
2
Aug
19% Aug
22 %
Apr
11% Jan
13
25%
Oct
x21% Jan
33
Jun
45%
Jan
33% Jan
Deo
13%
Feb
Deo
18%
Feb
5
17% Mar 20
14
27% May 17
40% Apr 24
2
Mar
Mar 19
90
92%
92%
92
92
92
'
92 Va
170
16%
16%
16%
16%
17%
16%
17'/a
3,000
8
7% May 21
14% Jun
9
10% Mar 18
Cum
58'4
*27%
15%
11%
Ins
15%
15%
11 Va
11%
Lowest
NEW
V
S per share
16
16
31%
31
%
500
59'%
59%
59%
5.500
28
27%
27%
400
15%
15%
15%
12,600
12%
33,300
*27 Va
15%
12%
12%
12%
88%
*86'%
88%
86 %
86 %
32%
32%
32%
32%
33%
23'/a
23%
23'%
23a/a
24
83
82
82%
82
83
83
83
13%
13
13 Va
13 Va
13 Va
12%
13'/a
6,000
22%
22
22 %
3,000
37%
*37
37%
12%
12'4
*86
23 Va
22 Va
23%
No par
83%
83%
82%
common—10
12%
13
13
•24
20
7.800
24,600
(Minn)—
X22
22
*37%
.
Rubbai
38
v
/•
22 ..i
36%
V..
,V
;
*
JJ|
*37
5'4
5'/a
5'/a
12 Va
12%
*12'/a
12 Va
'500
.
Prldsw
July 22
the Week
tharat
f per thara
I per than
I per thara
Salee far
July 23
Thursday
July 21
S per than
30
400
5%
12 3/4
*12
12 Va
130
PRICES
Wednesday
July 20
I per than
0 jartkara
SALE
Tuesday
Monday
July 19
12
5%
53/4
*5%
*12'/a
Bstuisy
July 17
t per than
22 Ve
*37
5%
*5 Va
LOW AND HIGH
8TOOK
EXCHANGE
22%
37%
22'4
22 %•
37%
5'4
Ma par
Ca_
YORK
16
31%
12 '/a
22
.10
Telegraph——10
>
3,300
16
59 VA
15%
32 Va
100
200
31%
28
15%
33
ft
Range sinee Jam. 1
Highest
Highest
15%
220
24
16
*27%
28
88%
*86
88%
59'4
'23%
31%
59
32%
cumulative preferred
Pharmacol
*27'4
84
84
84
24
59 %
15 Va
STOCKS
Year 1947
24%
*30%
Norwalk Tire
Bai|t for Previous
84
24
*84
*24
15%
Northwestern
Norwich
85%
24
33 %
pfd $3.60 series
4.6%
♦84
*23
28
'
♦
32'4
Northern Pacific Ry—
Northern States Pwr Co
Northwest Airlines
16%
85%**
10
12%
35%
34%
*92
24
100
12%
12%
12%
245
*225
250
*225
30%
*86
245
*22%
57%
58'4
1
245
23%
30%
10
60
23%
*55%
15%
Go
Gas
100
*55
24
58
16%
Aviation-
Natural
300
24
*54
—10
Northern
11
2.800
17'%
*22%
31 Va
16
Northern Central Ry Co..
16% Feb
142
17%
*22 '/a
26
II
North
Feb
140
800
13
56%
59 Va
Adjustment preferred
14
22%
139%
Y
65.300
*17'%
18
*30 %
1
Co
137
18
0
If
common
Norfolk ft Western Ry
11
13% May
137
*40
26
250
12%
135%
136
*18 Ve
16%
American
7.100
61%
80
.
92%
Jun
2
11
84
83%
36%
13% May 10
Nov
82
81
16"
36% Jun
30%
82%
16%
A
93
Deo
82
16%
No par
25% Feb
Deo
25
17%
16%
No par
82% Mar 10
83%
29
40%
17%
16%
17%
3,100
29
40%
16%
82
4,600
2,000
36
17%
16%
139
GO'%
20%
*84'%
40%
15%
17%
86
28%
28 %
40
33%
American
*84'%
99
20%
60
20%
86
500
60
5 81/4
28%
77
10%
*97
20'%
28 %
120
#
20%
39 %
100
11
58%
27%
S2%
North
4,900
39 Va
50
series
Noma Electric Corp
25% Mar 18
230
10%
27%
Nopco Chemical Co
11
93%
95
99
39 %
Power
5
Jun
Feb
62
93%
10%
*97
No par
1
36 % Jan
8
18
33
27%
N Y
S ;
20 V8 Mar
33
39 Ve
'
Oct
33
38
100
N Y
10
*32
27
100
100
102
l
No par
1,200
18
*17%
*100
10%
99
*84 %
86
*84%
86
2,300
15
15
16
20%
20%
%
11
*10%
57%
57
56%
20%
1,300
102
*94%
95
*97
98
55%
32%
10%
11
10%
900
12%
*100
102
32%
*95
*17%
18
*17%
18
No pax
preferred
5%
10%
15%
*17%
V
80
27'/a
12%
13
32%
*62%
%u
90
*27
13
11
•
S4
100
27
12%
15,700
*88'/a
90
26%
13
33
*96
*88'%
27
15
15%
ft Light 3.90% pfd—100
Shipbldg Corp partle stock—1
N Y State Elec ft Gas Corp—
17
88
*26%
26%
■900
23
•
Harlem RR Co
Preferred
Jun
22%
102
N Y New Haven & Hart RR Co.100
19% Apr
96
23%
22%
33
1
preferred series A
N Y ft
23%
22%
*100
pfd—100
10
St Louis Co oom
non-cum
*23%
10%
N Y City Omnibus Corp
New Yerk Dock common
$5
88
23%
22%
13
13
-11
17%
Brake
Air
■
3.900
96 V4
23%
10%
13%
1
95%
23%
22%
10%
5,100
%
12
V
97%
97
22%
23%
22%
1
%
'■
■
97
1,500
2,600
88
23%*
16
100
Pa oom
%
%
96
130
6%
24%
*6%
23%
24%
130
141
141
6%*
*6%
6% '
*6%
40
5.400
33
173
*170 Va
170
•
21%
*23
No par
32%
32%
'
22
96 s
95
Y
.94%
170
n
%
%
97
8.600
17,900-
170
21%
21%
22
2.100
19%
*140
;•
12%
30%
19%
170
6%
*6%
6%
%
94-
*
Newport News Ship ft Dry Dock
Feb
$ per than
143
*140
144
6%
V:
19%
32%
33
9,200
17'4
17%
♦93
171%
2,300
7
17%
*40
•;
95
171%
No par
New
121
Aug
I per than
17%
19 y8
31% May 19
Dec
62%
Lowest
Co
ex-dlst
Newmont Mining Corp
Newport Industries common
4%% preferred
N
26 #
11
17%
19%
Corp
New England Elec System.
New Jersey Pr ft Lt Ce 4%
92
10%
17%
19
4%% conv serial preferred—100
Newberry Co (J J) common—No par
'/
3%% preferred
lit
10
115% Jan
17
19%
Nelsner Bros Inc common
Peb
Deo
6% May
17%
19
-
39
25%
17%
17
-No pax
Dec
100% Aug
30
17%
'
45%
30%
12%
29%
12%
30
4.400
12%
12'%
12%
28%
3,300
r
11%
11%
11%
12% i
8
6%
7
11%
29%
•
45%
45%
6%
7
11%
400
23%
7%
8
44%
44 %
6%
28%
100
10#
1
New York Central
23% Nev
7%
11%
11%
*22%
23%
*22%
7%
43%
7
16
Corp.
18% July 12
Apr
00y4 Dee
23%
5,600
171
*165
171
*165
12%
43% Jun
11
6% Mar 29
II
Nehi
11
2~5~%
28%
12%
Mo p*»
12% Feb
Feb
28%
30%
No pax
Co
Feb
290
15,300
42%
28%
7%
44
7
1,000
291/4
42%
*22%
7%
11%
13%
42%
29%
Vulcanized Fibre Co
Natomas
5
Feb
43%
7
11%
*13
*41%
171
*165
23
22%
If
Meb
20%
44%
6%
11%
Co
Tea
137
Not
6%
Cast
Lt
ft
50
May
79%
12
64
83% Mar 23
20% Feb
36
24
May 15
97% July
20% Mar 10
Feb
Jan
12% Jan
3
Natl
t
98% Jan
10% July 19
90% Mar
Feb
46%
43%
Steel
National
May 17
104
Dec
102
11% May
230
Nov
Feb
32%
Jun
19 ,;.
52
Mar
100
Jan
10% Jan
X27% Mar 12
44%
32% May
12
May
18% May
80
Feb
108% Jan
30% May
22% Deo
*07% Deo
17%
July
13
Deo
11%
95%
3
38
106
Not
7%
common
National 8upply (The)
4%% preferred
30% May 27
15% May 26
12 % Jan 26
x22
Feb
28%
7%
23
5.100
12
13%
28% X
28
171%
*165
170 %
12 %
11%
42%
x42
.
28%
28%
7%
1
Corp
National Sugar Ref Co
2
85% Feb
Jan
107
Stl
Power
National
6
Sep
Mai ft
Natl
5
18% Feb
17%
Feb
Nat
29%
22%
A
B
National Linen Service
2
Dec
29%
105
Jan
28%
100
Prod
Co
preferred
6%' preferred
7
23%
Mar
Lead
43
28%
1.600
11%
'•*,
12%
Stores
7%
101% July 12
'
20% May
12% Deo
National
,
42%
*42
41%
700
7%
7%
13%
13%
:
Jan
Nov
1%
H Deo
74% May
21% May
12% May
12
13%
80
26
73/4
No par
0
National Gypsum Co com
.$4.50 conv preferred
-
11%
12%
Nat Enameling ft Stamping—No par
9
Sep
7%
11%
29,900
18%
25
7%
No pat
V 21
18
Dec
7%
*162%
Co
Octi
96% May 19
7%
12
1
10% Mar 15
'
*7%
11 Ye
Ll
24% Mar 17
-
26
7%
No par
Register
City Lines Inc
Container
24'%
*25%
*24
26
*24
25 %V
11%
v.
18%
18%
18%
18%
24%
25%
12%
7%
No par
If
Corp
Corp
National Cash
National
<:■>
26
•
100
Share
18 i
*24%
18%
24%
*25%
11
0
Nat
36%
6%
ft
Y
12%
lY
10
preferred
Bond
National Can
17%
23%
25%
1
Ins
common
9% May 20
13% Jan
2
190%
10 %
11
Nat
May 17
9% May 21
48
Jun 17
Deo
18
1%
25
28
Fibre*
Corp
National Battery Co
National Biscuit Co
5
24
A
1
Automotive
National Aviation
8
175% Jun
10
1
18%
24
100
National Airlines
13% July
16%
25%
f
St Louis
14% Mar 17
107
25% May
136
Corp
Nashville Chatt ft
National Acme Co
5
48%
Deo
160
Nash-Kelvlnator
10% May 20
11% July 19
Jan
14% May
17% May
23
29
9
Feb
6
25
27% Jun
11
33 % Feb
Peb
26%
Mar
6% Feb
Jan
15%
21% Jun
'
Mar 18
20
Dec
Deo
Dec
7%
13
10
7% Peb 27
Feb
8% May
33
May
14% Mar.
0
17
Dm
Jan
27% Feb
10
01%
Deo
111%
Feb
92% Jan
2
103
Jun
18
21
Apr
35%
Dec
26% Feb
11
43
Jun
15
18
38
Deo
22
17% May
93
107
7% May
16% Apr
14
Dec
22% Feb
11
Feb
13%
92
Mar
9
18%
Jan
16
17
36% July 13
Xl09% July 13
Feb
8
Feb
89
Mar 16
28%
Feb
20
Jan
2
33%
Feb
27
Jan
26
Oct
163%
Jan
147
Mar 17
154
Jan
29
19% May
28%
Feb
17
July 19
23
Jan
5
86.
May
18%
8ep
May
14
149%
■>.
July
27%
Deo
34% Jun
118
Feb
12% Apr
25
100
Jan
& 23
Jun
37% Jun
20
5
93
Jan
•0
July
51% July 20
10
May
16
Sep
11% Feb 27
d* May
19
15% May 17
Feb
11
15
80
Oct
62% Feb
11
46 Va
Oct
34% Feb
13
•0
Jan
14
Jau
*j
Feb
11
15% Mar 20
*33%
Deo
43%
Jan
30% Mar 17
50%
Nov
62%
Jan
47% Mar 16
15% May
x!9% Deo
39%
Feb
30
129%
Jan
89% Feb 27
Deo
168
Feb
3% May
11% Jan
7
Feb
131
-
59%
134
4%
Deo
7%
S;J4%
Feb
13
May
18
July
40%
Jan
65
Nov
SO
Deo
109
Mar
8%
Jan
9Va
Feb
Jan
I
10
41% Feb
Feb
Doc
Deo
109
July
11
27
I
73.
.
May 27v
Apr 11
43 % May 28
21% Jun 15
36% Jan
8
55% July 13
44% July 23
104% Jun
7
147
Mar 18
6% Apr
6
62% May 21
4% Feb
%
13
5% May 17
8% Feb
27
11% May 21
13% Mar 16
21% Jun
21
46
65% Jun
15
Feb
5
92% Jan
12
6% Feb
11
22
06%
13
4% Feb
Oct
8%
Feb
Feb
73% Jan
.
Feb
97
Jan
100
May 17
11% Jun
21
28
2
105
21
May 27
Jun
STOCK
eo;
-100
Co—
-Nopar
pfd
10
Nopar
4%% • convertiblo preferred—100
Omnibus Corp (The) common
0
Oklahoma Gas ft llto 4%
Oliver
Corp
8%
8
Elevator
10.%
10%
96'4
96'4
22
22
33%
34%
33%
34%
35%
—Nopar
100
common
preferred
Outboard Marine ft Mff.
For
footnotes
27
see
page
24.
37
Jan
7
49% Jun
1
*150%
152
20
152
152
152
'■
17'/a
18 Va
*83
87
17'/a
V*17Y/
*83
87
17%
1,500
87
84%
51%
53
Pacific Amer Fisheries Xno.
15'/a
15'/a
15%
15%
*15
15%
*15%
10%
»l5'/4
15%
600
Pacific Coast Co
12
12
12
12
*11%
12
*11%
12
♦11%
12
120
69
*66
69%
•JZ
1st
2nd
commc
v
*65
preferred non-etun
preferred non-cum
No par
Pacific Finance Corp of Oallf—10
68
*65%
40
*371/2
52
52%
51J/4
"
67
39
67
*66
37
70
*38
♦83%
38
*37%
*20
52%
r
£->
52%
38
39
.
20%
V
20%
20%
*20 »/4
53
y
10,800
10
38
20%
-
70
1,100
20 "
20 Va
20 Va
20 Va
33 Va
33%
33%
34
34
34V8
34%
34%
34 Va
Pacific
Lighting Corp
-No per
51%
53
52
52%
52
"Y
52%
51%
51%
52 Va
52'4
1.900
Pacific
Mills
-Nopar
37
38 Ve
39%
41
41
#
43 Va
42%
43%
43',4
44'/4
10.800
ft Teleg common—100
preferred
100
S8
98
98
98
*98
99
98%
98%
98%
98%
139
139
Pacific Oas ft Electrlo.
Pacific Telep
6%
Pacific Tin Consolidated Corp
Pacific Western Oil Corp
Packard
1
le
Motor
Car
Nopar
Airways Corp
2%
Pan-American Petrol ft Tranap
•
Panhandle East Pipe L com—No par
4% preferred
100
Pan
American
Panhandle
Prod
ft
Paraffine Cos Inc
4%
convertible
Refining
com
1
No par
preferred—
24% Feb
28
*17'4
6.300
843/4
Feb
38'/a Feb
■150%
*17
110
500
34 34 ,1.35%
.
54
Feb
•29% Jun
34%
152
18
*150%
152-
17 Va
17
35%
87
14%
Feb
*150'/a
34%
53'4
34%
Nov
.
9%
*84%
JVa
Owoas-Ullnols Olasa Oo_
Mar 16
48%
*
-1.10
Outlet Co
28
38%
2,800
10%
95%
Jan
TR% MaT
1,190
22 %
Mar 16
18
11,900
10%
2
11
200
34%
105'4
*22
Jan
May 17
17%
33%
105%
*95/V"
4%
10
*17'/a
33%
10%
Deo
16% Jun
17%
25.700
105 %
95%
2
30% Jun
105
1053/a
33
*104%
22
Park & Tilford Inc
24
104%
106
*l??Va
33%
1051/4
10
Paramount
11
33'4
22
51
Feb
17 Va
17%
333/4
95
26% May 27
6% Mar 16
17%
32%
220
39%
.22%
11
9
104 Y
17 %
34%
387'a
22%
10
15 Vb May
32%
500
33%
100
99
38%
22
18% Feb
Dm
173/4'
*17
33%
33%
100
22
34% Feb
7
37%
—10
Jan
8% May
32% Sep
*99 %
38'4
103/4
Jan
28% May
33%
100'4
37'4
94%
63%
2
33%
100
10%
32%
33% Jan
*33
37%
94%
Sop
43
35 Va
10%
Deo
Dm
100
37%
32%
ioo3/4
32%
33
1003/4
94
19%
33%
33
*993/4
353/4
94
37
May 21
3% May 17
CLOSED
preferred A—100
convertible
6%
EXCHANGE
common
23
Not
-89
Oil
Otis
Aug
17.
Ohio
preferred
Oppenheim Collins
48
Jan
4.40%
17
84
83
Ohio Xdlson Co
Park
Utah
Pictures
Inc
100
1
l
Consolidated Mlnea
-
5
50
V
47 a
974
19
140%
5
5
■:,/
61%
97
21%
*44
105
*103%
28
28
8
Penney (J C) Co
Nopar
8%
•
105
22%
21%
22
1.00
25
25
48
*43
48
Transportation
No par
Patino Mines & Enterprise*—
f
Penick ft Ford
No par
93/a
8%
9
25
98
*96
;
10%
*18
60 3/4
*96
*96
98
23/8 V
5 %
62,400
10%
16,600
19
61%
98
9%
93/a
9'4
25%
24%
25
*103%
200
3,400
30
105
*103%
2 2'/a
22%
41
2%
*44 Va
"r
105
22'/a
22%
46
*:
47
22%
,47
20,300
900
35,200
100
23/a
2%
2%
2%
6,000
28%
28 3i,
28%
10,100
29
28'4
2 8'4
28 Va
283/4
2 8 3/8
23%
28%
28%
*28 %
400
81/4
8%
8 %
8%
8%
8'4
8'4
2,200
16%
15%
16%
16%
16 VB
16%
16'/a
10,700
30%
31
45%
45%
16'4
16
*31
32
313/4
31%
31%
32
30%
303/4
45
46
44 %
45%
44 %
45%
44%
45%
15%
140
2,000
9
105
22%
*41%
270
51%
25
2%
•
61%
61
,
4,100
9Va
28 Va
8%
ki
10
18%
28%
28%
5
5%
5
9%
2%
£
50 Va
51
4.900
5%
5
25%
9
2514
*103%
139
*138
5%
•17%
61%
97
2'/a
Parmclee
61
58%
29'4
Parker Rust Proof Co
18
97
*103%
50%
Ve
18
60%
8%
5
10%
9%
18%
97
25
.Y,:' 5
*18%
58%
2%
Co
.
10%
139
5%
52
50%
<:r
5
9%
19
28'4
ft
52
*138
5»/e
5%
5%
;Ys. 43/4
10'/a
1
Davis
V
50V*
52
—No par
Parke
140%
*139
5%
139%
35
>.
800
4.800
Volume
168
Number 4719
THE
COMMERCIAL
NEW
lM|t for Previous
Year 1947
;
Lowest
t
9 ptr thart
Apr
13% May
29 '
sopi
,-v.v
I per thart
11
20% July 13
Apr
28% July
34% May
Penn Glass Sand
{'
Jan
110
22
'v Jan
26% Feb
Apr
112
8
18% Feb
11
27
Jan
41
Feb
20
•48
Sep
55% Nov
May
103
Feb
19
r
Dec
v/
81%
Jun
>101%
»
118%
(
33
Feb
22
May
v
86% Feb
Feb
13%
10% Feb
34
»
*
Jun
12
Jan
/
14% Feb
47
Deo
89 <
Mar
Deo
*
Deo
111%
Deo
>
109% Aug
Jan
89% Jan
Deo
•
-
Feb
05% Mar
4%%
preferred
$ ptr thtrt
13%
13%
13%
.13%
14 Va
14%
14'/a
14%
18
18%
19
19%
19%
19%
19%
19%
-
3,800
♦26%
30
30
.30;
*28
32%
*28
,32%
*100
113
CLOSED
'A
•111%
19%
19%
19%
ii3</
19%
19
20
19%
19%
/ *42
Y
43%
•
111
•33
100
43%
111
<110
35
~10%May
>
v
16%
95
♦13%
14%
:*i4%
13%
13%
13%
No par
26%
26%
100
13%
25
Deo
Deo
109
85-
Deo
101 v
21
Apr
81
Jan
-
17'A >17%
18
18
61%
61%
61%
53
54%
54% '
55%
50
*52%
53'A
52%
52%
52%
52%;
No par
No par
No par
99%
99%
98%
99
99
99
.23...
23'A
,22%
23%
23%
fit-.
23%
♦22%
23%
*22%
23%
22%
23%
86
preferred
Phils Electric Co
common
di
preference common
4.4% preterred
;
9
103% Jun
10
.(■ 3.8 %
preferred
—10d
111
8
4.3%
preferred
100
107%
Jan
19
20% May 22
1
17%
Jan
22
45% July
9
3
38%
41%
8'
88
90
89
43
83
•
87
Jan
36
87% Jan 22
Jun
04% Jan 21
12
Feb
Iron.
preferred series A.
_10o
Philip Morris A Co Ltd common
5
4%
preferred
Phillips Petroleum
>
series
5%
preferred
cumulative
77% Jun
15
7
<
99%
'107
19
Phoenix Hosiery
110
1077/e
lS%v;>
40 %.,,!:
18
29%
29%
95%
*92%
27
Apr
99%
Deo
96%
Deo
10
Deo
18%
30% Feb 25
Feb
16%
Jan
110
Oct
102
32% Dee
26
16
Deo
16
Dec
Aug
169
Aug
145
163%
Not
203
Jan
157
32%
Apr
42% Feb
34
May
8% May
114
Apr
59% May
67
30
10
155
29%
*85%
87
*85
41
*37
*89%
91 %
*89'A
68 <A
91%
12'A
12%
70
67
13%
87
:
f85
fc
v
22%
22%
23%
22%
109%
109%
;
99
.99
108
18%
18%
41%
r
41%
*88 Va
297/a
*92%
Feb
169
16
Feb 20
39% Jun
90
*88%
32
;
Oct
13
10
Jan
20
Jun
27
160
Jan
May
87
41
~*38%
91
*89%
91
71'A
69%
70
69%
13%
*11%
17% May
Sep
32%
32%
20%
*21%
21
preferred class B
5%
15
Feb
13
Jan
9
14% Jan
9% May 10
11% July
33
Jan
8
Oct
29% Feb
14
46
19% Oct
12% Feb
13
12%
15% Not
16
Feb
12% Jan 28
8% Feb 27
43
Deo
May
Deo
8
62% Feb
16
Jan
18
Feb
27
102%
30% May
30% Apr
32%
15% May
85% Deo
Feb
71% Not
May
Feb
81
Mar 11
38%
Jan
32% Jan
i;
Jun
*85
1
13%
35'A May 21
71% Jan
9
39% July
89
*25% Feb
5
42
Jan
101% Feb
13
108
Dee
36%
Feb
*25
Feb
11
33
Mar
40 % Mar 17
84% Dee
*21% Feb 25
84.75
Public
6
*156
162
160
Service Co
SI.40
May 18
of
conju
25% May 25
I per thart
$ ptr thart
2,200
90
10
34
5,700
'
♦150
157
22
•
*148
800
-
16 Va
■'
167%
36 Va
8%
35%
157
8%
16 Va
*16%
*160
85
~
85 '<
78%
*76%
23 %
•156
167%
167%
36% *
•
87/a
16%
*160
86%
87
79
*76%
79
23%
*22%
23%
*156
7,100-
8%
160
>
16%
*86%
87
'
•77
?;
670
79
22%
22%
*154
600
160
'
10
*10%
11
•10%
56
53%
54
47%
53%
«41
4i%;
42;*,
42
42 %
42%
43%
14%
13%
13%
44%
14';
14
13%
14
40
41%
40%
41;
40%
*14
14 Va
13%
,
*13%
13%
13%
11
21%
~
43
35%
•
27%
9%
8%
31%
*30%
X68%
> 22
68%
4
22%
4,200
68%
68%
13%
69
22 %
21%
22%
9
•
S
1,600
1,000
9,000
7,600
31 Va
*30%,
,
1,000
26,30a
13%
9Va
,
'68%
90
•
*88
37%>- 37%
21%- 22%
87
90
—'38%
38%
*
22 Va
22
I8/'
•
300
-
68%
'4,700
22
22,
88
.*86
38%
3,700
,
26%
27%
27%
27%
27%
42%
42%
42%
42%
35%
36
35
36%
107%
.
<r
107%
*107 %
107%
32
32%
31%
32%
32
23
23
22%
23%
*22%
107%
*107%
27%
22%
27%
32%
23%
23%
4,600
27%
43%
35%
36%
*107%
32%
23%
2,100
,
42%
.-v
108
32
340
.
39
22
42%
35%
87
•
38%
„
22 Va
34%
,
A
13%;
9
32%
42%
,
U
'
*88
r
-9Va
*31%
9%
30%
66%
38%
107%
9y«
30%
22'A
41%
41%
'
90 Va "-v
-
4,000
4,400
'
53%
33%
Quaker State OU Refining Cor9-.it
8%
16%
*10%
•22%
37%
26%
36
*160
86
162
"40
167%
35%
55%
67 Va
21%,
108
NEW YORK
*21%
10%
9%
89
Na pa*
Lowest
*88
*33%
22
54
No par
preferred
Range slnee Jan. 1
Highest
Highest
90
33%
21%
*10%
31'A
21%
No par
Puritv Bakeries Corp
July 12
190
13%
13%
40%
No par
No par
common
•
43%
66%
No par
Colorado
20
pref cm
(The)
conv
13%
600
103 Va
115
54%
9
5
com
Inc
Oil
5%
9
div
*107%
10%
30%
.
No par
Inc
33%
33%
102%
115
100
39%
STOCKS
Year 1947
f per thart
l
preferred series A__50
Pub Serv El & Gas
33%
102
,
preferred
cum
Range for Previous
Lowest
>
160
14
Publlcker Industries
25
July
100
8%
..
23
14
Pure
Feb
Dec
23
13%
Pullman
61%
29%
*76%
21%
21%
13%
24% Jun
109%
77%
*76-
100
.
*160
No par
10
30% May 15
53
Jan
5
Oct
15%
83%
41%
21% July 20
61% May
21 % May
16%
16%
85
35%
8%
87%
*160
52%
26% July 19
106%
94%
8%
10%
conv
10
12,300
<♦11% <13%
33
157
1
4% %
*88
Va
169
B
Procter A Gamble
28% May 25
94
Apr 26
15
*150
8%
14%
..
190
com
'
i
'
108
Co
13%
90
*167
8
Power
♦88
35%
41
Electric
90
160
39%
Potomac
13%
169
1
Pressed Steel car Co Inc
*107%
87
•
'
35%
8'A
Pond Creek Pocahontas
Poor & Co class B
24
13%
*150
Plymouth OH Co
16% May 20
14% July 12
11% May 18
70% May
102
115
*167
Plough Ino
2
4
Deo
35%
102
160
36%
_100
;
13%
*88
35%
No par
No par
ser
13'A
*107%
167 /
167
10
conv prior pfd
Pittsburgh A West Virginia
Pittsburgh Young A Ash pfd
Pittston Co (The)
26% Jun 24
July 7
46% July 13
161
28% Jan 22
1st
13%
-
♦150
100
preferred class A
5%%
145
*33%
33
20%
7%
38
67
32%
21%
82% May 10
Apr
19% May
11% May
33%
34%
19%
July 15
94% May 14
38% Oct
21
9
32%
73% Feb 28
Jan
33 Va
1
13
102
'
Vvi/. 15,600
70
33%
103
,12,600
220
41
*89 %
90
71% Mar
200
33 %
*107% 115
40
13,400
'
32%
♦85
90
93% Oct
9
33%
*102
115
>V;.200
95%
*38%
*107%
7%
gtd preferred
Pittsburgh Plate Glass Co
Pittsburgh Screw A Bolt
Pittsburgh Steel Co com
9
140
33%
102
190
,
.
90
-
87
Pittsburgh Forglngs Co_
1
Pitts Ft Wayne A Chic Ry com—100
2
11
33%
102
32
♦92%
95%
700
.
41%
89%
Pitts Consolidation Coal Co
1
Feb
28
41'A ;
41
*11%
<
.6.300
,18%
18%
V
t
360
< :•?>
110
109%
"14,500
>
' i 320
,
■<*97 :C; 99
> 107 :v 107
:
89%
•
U;
98%
23%
0
70
v
42. •:
70%
53
;
■
98%,
23%
30%
*37%
53
1,700
3,500
.
,
99 H
95%
♦92%
:
53
*107
41%
Pitts Coke A Chem Co com__No par
85 convertible preferred
No par
Apr 14
July 15
3,700
17%
23%
18%
90
——__No psr
Pitts C C A St Louis RR
;
100
36% July 15
23% Jun 15
11
Jan.28
'
55%
*98%
:
107%
40%
1
,
*37%
common
84% Sep
20% Dec
10% May
10
14
10% Feb
Deo
140
,
Jan
171
8
8
92% May 26
Mar 16
X 12% Feb
10% NOT
15
11
84% May 12
5
15'A Jun
1
Jun, 14
11% Feb
Mar
165
7
34% Jan
103% Jan
lio
Jun
08% Apr
06% Deo
May
88
38% July
108
160
'
61
55%
22%
V;<
99
17%
60%
54%
53 CV
.
18%
60 V2
54%
110%
18 Va
95%
18
,
t
80%
200
102%
14'A
14%
;
200
32,000
27
102
14%
;
v
60%
..
90
No par
100
*12%
•
107%
90
287A
No par
_g
>
*97
110%
99%
107%
_100
com
preferred
Plllsbury Mills Ino
84 preferred
110%
99%
-
*92%
loo
Phillips Jones Corp
3.60
110%
110%
♦96 /
3%%
14% May
10
100
Phlla A Reading Coal A
Phllco Corp common
87% Jan
2
46% Apr 23
90% July 14
Jan 26
July
July-
<
32% July 12
97% Jun
3
8
83% Mar 17
Deo
,
<
Jun
f|:
■
39
91
O 63% July
18
Feb
>
80% Mar
18
Feb
28
'
1,000
•
17'a
14
13%
40
100
'
94%
*15"
103
14%
59%
115% Jun
Mar
*27
103
14%
17%
14
83% Apr
8
25% Mar 16
86'
27
55%
21
28
14
63
28
98% Mar:,
43% JaU
15%
.?
34 ■■■■/■
..
94%
15%
103
'
111
•33
96
13%
51%
A Co In
Jan
35% Not
14
42%
*110
16
♦26%
♦102
14
44 %;
111
<34',-.
14%' <
:•
13%
27%
113
'
Jan
Deo
16
.
103
13%
Apr
Jan
*94%
94%
17%
51
t- hi.200
•
♦110
60%
2
42%
*43
•
Pfizer (Chas)
25% Jan
29,200
95
17
*102
14%
:>y 7,500
19%
*32 '
13%
*26%
103
103
—I
20
19%
19%
34
"
33 %o
111%
19%
19%
Ill
Phelps-Dodge Corp
Philadelphia CO 6% preferred
»May 19
104% May 15
24% Jun 14
8
65
44 'A
111%
19%
♦32
i.
900
18%
*110
"25
32%
■;
19%
V
Pfelffer Brewing Co
55
26
21
19%
33
95%
14
Oct
*111%
19%
19%
♦42%
■>'
110
,
94%
_100
113
19%
43%
33
f,
♦111%
*28
64% July 12 '
July 13
ihtrtt
13%
5
—
the Week
# ptr thart
19
—100
Petroleum Corp of America
Sales fee
13'A
91
109% Aug
f ptr thtrt
18
10
com
pfd
July 23
•
♦111%
v
105
V.«;<vX>$d,
104
A
Friday
July 23
Tharsday
Juljr 21'
59
.
22V* Jan 26
120% Aug
series
conv
Pet Milk Co common
6
21
20% May 15
"-
6
21% Feb
3%%
PRICES
Wedacaday
t per thart
I per thart
STOCK
HIQW 0ALK
July 20
'
.60
Peoples Drug Stores Ino
May 19
17% Jun
13
50
;
<0 27%
83%
5% preferred
Penn Power St Light Co;
Pennsylvania RR
Pennsylvania Salt Mfg Co
22
No par
100
No par'
com
30% Jan
11
-
Apr
f ptr thtrt
AND
Tuesday
\
July 19
EXCHANGE
Peoples O L A Coke (Chlo)
Peoria A Eastern Ry Co
Pepsi-Cola CO;
104
2
Feb
40% Feb
48% Dec
.<
Corp
.10
24% Jan. 5
4 :
22
Apr 26
9% Feb 11
,
;
14
May 15
20% May
7.
26% July 19
Deo
<018 - Oct
62% Jan-
May
Apr
Jan
98
100
36%
40%
97%
81%
.7;
Apr 23
45% Jan '6
17
13% Jun
/
8% May
Penn
20% July 6.
22% May 24
July 2Q
34% July
Dee
2
120
51%
Deo
:May
9
16% Feb
45%
37
Ptr
15% Feb
,117
23
LOW
-
\ July 17
Feb
Deo
22%
V
21
s'"
84%
.
Monday'
(361)
RECORD
••tarda/
STOCK
Coal St Coke Corp.
Penn-Dlxle Cement Co.
<36
CHRONICLE
STOCK
EXCHANGE
15% Jan
Deo
6
f per thart v;
NEW TOEK
Highest
13
Deo
•
y
11% Feb
18
38
Lowest
18% Oct
15%
111
v.,Range since Jan. 1
Highest
*107
1
YORK
FINANCIAL
STOCKS
if per thart
1
&
9,500
10,300
5
:
41,700
108
32%
300
32%
*23
3,100
24
600
LOW AND HIGH SALE PRICES
STOCK
ktxmHritap
EXCHANGE
Monday
<
July 17
I per thart
Par
July 19
f perekare
I per thart
Tuesday
July 20
<,
;
Wednesday
fkmity
July 21
>
S per thart
.
Friday
July 23
July 22
IpereJUrd
I per thart
Baled fed
,
the Week
,
f per thart
Bhtrtt
R
7H May
18%
8%
•4%
Feb
7% Feb 20
80%
Feb
63% Feb
15%
Jan
7% Feb
15
27
<
Dee
105% Mar
41,
•
Dee
'
33% Feb
16% May
Mar 31
28% Mar 11
Feb
«
Deo
91
22% Feb
31
17
Radio Corp of America eom_.No pat
75% May 27
11% May 19
98VaJun
4
11
Dee
18% May
17% May
12%
10%
Dee '
1st preferred—No par
1
Ralston Purina Co 3%% pfd
109
Jun
$3.50
34% Jun
14
Rayonler Ino common
82 preferred..
35
May 17
Dee
22% July
48% July
36% Feb
24,
45
Apr
Not
39
31
16
39
Jun
2
9% May
M
Oct
11
18% Feb
108% Mar
Feb
10% Feb 24
101
Jan
21
«
27% July 12
15 Vb May 27
105 Va July 12
16%
Feb
11% Feb 11
18
14%
29%
17%
84 Va
May
No?
14% Jan
Feb
9V2 July 19
22% Mar 31;
Feb
10% Feb
1%
preferred
Dee
1
10% May
10Va Dee
61
Deo
12%
Dee
96
Not
84%
Jan
14
May
•1
Deo
6%
17
21% July 19
48
10
13% May : 8
4
5% May 20
11% May 21
317/b Jun 14
30%
Feb
113 V« May
24% Feb
110
Apr
103
Jan
5
10
96
11%
Feb
5% Feb
20
Jan
19% Feb
27
Jan
92
16%
Feb
7% Feb
11
11% May 26
Feb
35% Apr
23
41% Jan
2
50%
104
Apr
Jan
—
Sep
42% May
17%
Dee
For
Drug Inc
Reynolds Metals Co
46
6
50
Jan
8
Common
87% Feb 18
94
Jun
1
Preferred
38
I
13'/s
13Vb
*12'A
14
1q
series
Rheem Manufacturing Co
Jun
21
15
Richfield OH Corp
No par
Hitter Company
No par
Roan Antelope Copper Mines
Robertshaw-Fulton Controls Co„ 1
——^
19% Feb
20% Not
15% Mar
24%
Oct
17
68%
Oct
64% Jan
96%
footnotes
Feb
see
page
14
24.
14
8
Mar 16
22
Apr 23
12
July 12
29'/a July 12
22
May 21
4%%
conv
preferred
Ronson Art Metal Wks
27% May 27
Royal Typewriter
72
Rubftroid
May 28
18% Jan
6
-17Vb
91%
6%
23
Rnppert
fin
(The)
fJejinhl
9
98
30%
31
32 s/8
32%
33
333/a
331/4
33%
33
33%
800
4,600
1,400
24%
4,700
10%
3%
-
if
<;
29
109
*14%
10%
*23
23%
12
12Va
63'A
<
-
23%
11%
63
63
123A
13
971/4
*95%
97«/a
X——
23
23%
22%
23V»
4,300
11
11%
11%
33A
33/4
*9VB
9%
291/4
28%
291/4
109%
*9'A
28 3/4
93
91%
*93
7
23%
*100'A
—
291/4
18%
95
♦93%
38,300
109%
18%
/ 7%
7'/8
24
23
9 Va
37%
*46 ®
47%
X47
47
913A
*90%
91%
50
7'A
23%
100'A
23,300
9'A
37%
•451/2
*90'A
:
.
8,400
94
*9'/8
371/4
93/8
X36'A
400
"■
100'A
101
9%
;
34,600
3,400
400
"
9% ,'>-
*108 3/4
•90'A
'
12'A
£
,
12,900
19
373/a
*9
*90%
-
7'A
24 i4l v 243/a
100
100
40
<
3%
9%
36%
100
200
1,500 :■}
63%
93
9
23%
11%
12%
92
37%
47%
1
123/4
18%
100
4,800
10%
*95%
*108%
36%
><•46 '
15
*62%
11%
33/4
7%
1:
■
13
19
f
145/b
*10
103A
3%
28%
7%
24%
...
<- 108
23
109
200
100
■
98
109
9
13%
,
'
23%
12%
38
*105
14%
*10
.
44V8
*12%
108
10%
18%
,
*43
13%
14%
18Vs
*99%
9V2
24%
„
♦36
;
>
9%
3%r,.
6%
24%
22'A
9%
24
100%
47%
91%
*95
*105
92
-
7
23%
471/2
123A
,
108
24%
17%
367/s
*90'A
11%
109
17%
94
10'A
*62%
22
28
111
12%
12
63'A
13
*9%
'
13%
*93A
*22%
98
3%
■
29Va
36%
•
\
;
38
■
44
*36
14
231/4
11%
21%
t 9%
*43
38
*12%
10%
12%
.
243A
44
133/4
*62%
22%
24%
*105
*95%
.
: '
90
30%
2,900
...
200
,
600
11,000
V
47
20
91%
;-y
'
1
25
Ino
100
10$
Jun
5
*109
■
No par
49
,
10%
2.80
com
24'/a May 18
6% Feb
21%
3%
28
Ml
13%
100
£_
3.60%
62%
12%
9%
27%
22
,
62%
*95%*
600
20,800
93%
31%
■
44
108
11
933A
'
30%
i
*36
!
*9%
*22%
11
94
109,800
8 Vs
30
24%
13%
?
22%
11
1
15% Jan 26
."
22%
1$
20 Vs Mar 16
7'/b May 21
14%
9%
80s
Feb
5'A July 19
*105
9%
1
Feb
10 Va Mar
108
*92%
13
713A
8
*33'/a
13%
*105
94%
12%
71%
313/4
45
*36
Deo
9
33%
24%
8V4
13
30
24%
*43*.
18%
Mar
*33i/8
23'A
5%% convertible preferred
100
Reynolds Spring
1
Reynolds (R J) Tob class B——It
Feb
33%
713/8
8VB
313/4
>
<
38%
25%
'•••:
Dee
19%
preferred
preferred
Dec
May
<
Rexall
.
31%
12%
71%
8%
*92%
30
30%
43
31
—
18
8
May 15
29'/a Apr 22
104% Jan
5
Inn
convertible
5%%
19
44%
23% May
5% Sep
—.
Mar 19
Apr
30-
43
Republic Steel Corp com
No par
6% conv prior pfd series A—100
Revere Copper & Brass com..No par
21'A May 15
17
$1
93%
*36 %
28
Republic Aviation Corp
Republic Pictures common
lll'/a July 14
15% Feb
•2% Feb
39
13%
Motor*
6% Feb
8% Feb 11
22% Feb 11
124
19
7
8% Mar
Jun
Deo
29% Jan
Feb
93
13
711/4
8'A
<
Bo
50a
common.
125/b
71'A
%
30%
80s
Remington-Rand
$4.50 preferred
Feb
93
Co—
&
8
8%
8
30%
prior
Apr
»% Jan
Deo
May
.
15% May 21
98
12%
72
8%
33%
preference
10
Reliable Stores Corp
No par
Reliance Mfg Co common
8
Conv pfd 3%% series
100
25% May 21
13% May 24
64 Va May
4.
18%
0
May
16% May
'
10
Mar 17
May
19%
90
81
tl
95 Va Jun
33% Oct
Deo
22% May
101% Dee
6IV2 Jun
Jan
103
4% May
1% Deo
9%
Feb
Aug
27
(Robt)
$1.28 div
7
12Vb
♦71'A
8Vs
30 %
*28
100
Reeves Bros Ino
May 21
Rels
11%
93
80
4% non-cum 2nd preferred—
Real Silk Hosiery common
12%
72
8
Bd
1st preferred.
non-com
12
71%
CLOSED
21
Reading Co common
4%
STOCK
EXCHANGE
No par
1
__
27
19
16% Feb 20
.
Raybestos Manhattan
35% Jun
20
Jan 28
18
17
July
oony
Radio-Kelth-Orpheum
1
1
20%
38'A
<
,
40
42 7/8
24V2
5%
*23%
24%
5%
53/a
21%
41'A
*24
5%
5%
5'A
11 Vs
10%
11%
10%
11 ya
10%
53/a
11 .4:
26
:
42%
I
5'A
10%
•
21%
24
27
27%
*263/4
273/8
27
27
"19""
21
211/4
26%
19%
21
V* per
60
62%
f
15
15
21% '
19
•
.
21%
43 3%
251/4
21'A
41%
*24
42%
25
19%
19%
♦19%
221/4
21%
64'A
143/4
♦63'A
*141/2
15
%
64%
62
*14%
15
'•:<
*14%
68,300
200
...
<
5%
2,500
16,100
21%
641/4
5'A
20'A
21%
60%
1,900
44
♦23%
22
''
21%
43%
19
21
213A
21'A
25%
.
27
>19%
:::.."2i,..
64
•
27%.
<
19%
<
213/8
1,100,,,
6,000
2,900
64
141/2 -15
'!
900
J*-*
■
100
.,
YORK
NEW
;
Range for Prettfrta
Year 1947
■ • t.
:.y;i
Highest
Wi,
Lowest
t per 'thare
Iptr Share
1-i
STOCK
■STOCKS
-
Range aiuoe
Lowest
I pet wtifrif
/.-
NEW YORK
Jaw. 1
v
Thursday
Monday
V Saturday
'
Par
v: %|>*r%Kar«
•
July 22
July 1J>
July 17
EXCHANGE
Highest
-1 ytrvHhrw
RECORD
STOCK
I ptsrthhre
J per thare
53%
53
1STGCK
f
EXCHANGE
13%
-14%
12%
CLOSED
*110%
*90
119
'96:r«
10%
1
14'A
JtX%
.
11%
<44 ■'
,
'95 <
"90
99 %'
89%
18%
18%
18%
111%
•12%
13%
"111 'A
'
111%
'•
.11% »
96- ;
10%
'*89
:
18%
1-12
13
-13%
30%
47
47
*'46%
31'A
47 ^
93
"93
*93
93 %
30%
29%
' '
'Nopar
;
"35
*95%
*22%
19%
101%
22%
*22
22 %
18%
19%
*101%
102
48.
*44
-
53 %
54%
13%'
13%
14
40%
41
40 >/8
*40%
42
*'40'A
"30 1
30%
•
30 Va
101%
*101%
40
'48
55%
55%
13%
55
.
<-^14%
'14
40'/a
3* 7%
*44%
'48
54%
54%
T4%-
3%
7%
'
'7%
;
101%
3%
4
7%
*44%
48
53%
r 19%
*3%
3%
7%
*44
22%
19%
22
101%
102
*3%
3%
96%
*21%
19
7%
3%
'85%
96%
'19%
22
19%
35%
85%
86
*95%
96
35%
'35%
36
95%
• 97
V
96%
*34%
35%
86%
*£'4
'14
-
40%
40
40%
*40% 4
43 >v
*40 %
r40 %
80%
43
30%
-30%
30%
'30%
28%
•
28%
28
29%
■23%
28%
55%
56%
56 Va
57%
56 %
157 %
56%
57 %
46
'44%
46 Va
44%
46%
45%
46
66%
67%
■44%
•68
16%
16
~
'
25%
10
28%
10%
70
72
19 Va
*
*68%
*24%
100 Va
26%
*88%
26%
89
t
23 Va
22
*93Va
*88%
,
,
,
102%
100
'63% 4 66%
46%
47%
79%
28'A
29%
94
94
13%
14
41
4i
38
38
-
14%
36'A
30%
36
"*R4
31
13%
14
i
-
14
14%
18%
;
*'!
96
*94
19
-
;15%"
J.6%
23%
25
■
,
:
6%
,25%:
*25'A
-71
25%
27%
27%
11
11 %
70
70
70
28
;
•>20%
20%
*233A
27%
23%
23%
100 Va
100 Va
100%
100 %
27%
27%
27 Va
27%
*88%
89%
*88%'
89
89
23 Va
23%
95
95
95
103
103
103
'68%*
463 '
23
*94%
97
103
66
48%
103
%1
48%
49
82%
82
30%
93%
93%
•14 Va
14%
68%
48%
81%
23%
*41
49
82%
30%
30%
*93
14'A
.
-*41
"'"'■■•''41%
31
.
-94
14%
vi 41%
,
14%
36
6%
*68%
•20 ^'<20%
80
,
6% ••8%
•
'
11
81%
29%
30%
*92 Va .95
13%
14%
-*-41
42
*33
39 Va
14
14
82%
'71
;
11 Va
•27%
23%
23
*95
102%
64 'A
46%
"
96
7Ve
*69
23
23
101% 101%
26%
27'/a
101
•'
6 Va
•25%
-10%
70
19%
*i6%v::i7
16%
6%-»
*6%
10Va
•"■•'•' 70 r
-19%
19%
23 Va
• 71
16%
*'69Va !.-7i
••"2'4% ' 25%
27 Va
28
'
27%
-'68
7%
*69%
?
71
6%.•■«'©%
24%
*66%
68
*16% " 3.7%
6Va '"6%
.
A'v.;.,6%:" *
6
fL
-29
*70
*67
68
*70
28%
38
*,>•
13 V2
37%
3114 V4
14%
18%
18%
"15%
16%
25%
25
V*H, 38%*
13'A
36%
95%
14%
15%. 16
24%
36%
-31
14%
>14%
-19
v38
a1
13%
*94
31%
14'A
*14%
*18%
38 t
36 Va
37
95 Va
30%
-•.
13%
25%
14%
68%
'♦116
68%
117%
13%
13%
19%
14
„
•
Year 1917
1 Per thartg
.
*
l
Highest
-T per-share
Range since Jan. 1
:
Lowest
•'
Highest
9per*ihare
EXCHANGE
6% Jun
67
-v
Tftloott ino (James)—
Telautograph Corp^__Tennessee Corp
28
Texas Co
Jun 15
25% May
July 1?
156% MaJ'12
»•■";
•'*
•
•
'48% May 13
TSuh share
65% May424
£
*46% Jan
9
15 Va May 21
page
24,
I
9
25
,
ctfs-L__«.-_i
Texas 8s Pacific Ry Co
TeXtron Ino comitiou,
'20% May 24
"24
May*22
■14 Va Jan
(The)
f
M
Texas Gulf Producing—
;
1
Texas. Gulf Sulphur^_,._i
JNo par
TSXas" Pacific Coali& OIL—".
10
Texas Pacific Land Trust—.
8
"
71 %
c
Monday
July 17
*tpertbi*re
"19% May'27
see
^Saturday
'
i
July *19
f per
;ir% May 21
Tot'footnotes
LOW
RTOCRS
,v
M*W; YORK STOCK
Range for Previous
'Lowest
„
,
1
100
50o
$1.25 conv preferred
__*No par
Thatcher Glass Mfg Co common
5
$240 "conv ,preferelice,T,r__No par
The Pair
No par
there
•$
per'thare
ANT) HIGH SALE PRICES
Taesduy > *
.Wednesday,
.«july 30 .V-v.
g per
there
'.r
:
Thursday
*'
July 23..'
g per'thare
f per'thare
July 21
>,
s
20'/a
23 Va
23'A
39%
39%
10
,;,10%
,C Friday
•
July 23
g per share
the
Week
1Shaft
.Number 4719
Volume 168'
THE
COMMERCIAL
NEW
Range for Prevloaa
Year 1947
V,
Lowest-
13%
6% Aug
;
'
16%
10
'
Sep
V
38
•
59 Va
3% May
19
1% Mar 11
Feb
19% Mar 16
29
Oct
19% Feb
13
32% Jun
Feb
95 %: Jan
2
21%
Feb
17
Mar 17
53%
Oct
44
Marl6
15% May
-
Jan
10s/8 Feb
22%
Jan
12
Jun
Nov
15% Jan
6% May
6
Detroit
Roller
20th
34% Aug "
48 i Jan
•3
Dec
^104 "" Jun
7 V Dec
'
16
• Feb
33
Feb
16
92
Jan
27
.ifli
,Nov
51%
->
1% May
;
li
De«
v,
58%' Feb
15%
35% May
Dee
05
,
115
:
Apr
7
'
JO
102
36%
Feb
25%
Dec
Dec
Dec
120%
18%
Sep
a
Jan
3%
Dec
50
'
8%
Feb
Jan
46
4% Jan
Dec
5% Dec
;
'
95
33
'44%
'
Oct
16% Feb
Jan
37% Jan
21
59% July
Dec
24%
12% May
19'A
-15% May
'■ 01
171
Dec
13%
71%
,
Feb
11
170% Feb
Dec
35
May
7
76
33
24%
Dec
67
81
61% May
Dec
150
Mar
*17%
Nov
23
Feb
31
Dec
I
Jan
48%
,*
Oct
t
1
v 17% Feb
140% Jun
19% Jan
„
Jan
2
4% Mar 16
7%
U
8
38
:
5%
Feb
\
28
July 20 "
16
Feb
'
16
Feb
22
May
'•
4% May
30
"
13%
23%
192
Feb
Dec
Mar
93
Jan
3% Mar 17
■
Mar 16
«
" 4-
<
19
Feb
17
Feb
'0
29%
Feb
91%
Feb
9
Year 1947
'Lowest
I per there
f
t per thare
aa
cum
4%%
I per thare
Feb
<
Jan
8%
*8%
48%
32%
33'A
*90
_10Q
49%
69%
69%
*69
18Ve. ;18%
41%
5%
No par
1
,..j
*1
com_
8
•
STOCK
.2.50
8'%
8
10%
CLOSEDv
39% Apr 26
S
Vulcan
13
■
t per there
21%
•
22%
13
i,
20
5
32%
Light Co
■
26%
*25%
I
18%
4
«
92
13'A
13
118
*118
120
17'/a
.11%
115 'A
.
115 Va
22
36%:
33'A
35'A
„
*28%
94
Va
43
*90 Va
92
12%
122
13%
122
17'A
17%
115'A
115%
*20
-36 Va
35
,.
22
37
s
32%
35 Va
29%
*29
30
30
*29%
30
*60
62
'
*14%
*60
61%
'
*60
15
14'A
14'A
32 Ve
32'A
.61%
*14
32
32
32
14'/a
32%
*101%
102%
102Va
102%
V
*102%
22%
23 'A
23 %
.23%
i.
11%
,.
31%
103 Va
*102 Va
103 Va
23%
23%
23%
i
:
'•»
15%
15
**■
■
28
15%
*97%
,10%,
10%
27'/*
,
28'
26'/b
v
11
15%
98 Va
*28%
/
10%.
; 27
10%
10%
*97%
10'/2
«
.
i
.
.
37%
32%
*34'A
*29%
'
33
19
*42
32%
29%
13%
•
*92 Va
*90%
114
.
-,36
10% All
27
24%
'91%
*113%
J
98%A 98%
No par
23%
13»A
17
14% -? 14%''
10%
22%
+13'A
91'A
118
-
23%
Pictures
13
*23%
24%
*20
*31%
14%
22'/a
'
13
16%
113%
22%
1
Friday
July 2!i
$ per there
tper ehmrt
13'A
36%
:
PRICES
July 21
94
12%
22
36
65
Wedaeeday
"
92
36%
*28%
'lO'/a
*63
24%
94Va
17%
113%
SALS
10%
11%
'64
42
-No par
_100
12%
92
101%
No par
* 22
163%
22%
'
42
101'A
-
HXOK
*93 Va
94%
61%
common—
8%
21%
*162
12%
118/'A
*20
.,..
ANV
TaeeiapV*"July 20
T
f per^hert - ^
92%-,
32%
preferred
Gas
10 Va
63%
43
«
61%
Co
Baking Co
10%
*92 Vb
/
.L_.No par
G It W
'
'
24%
94
prsferred
100
i
-No par
preferred—
17%
8%
8%
22
165
12%
30
common
4%
30
*23% " 24V2
23%
100
4% ft
(Hiram)
>0
*92
17
25
-»®-
cimmos
8%
22
.
96
>
17%
18%
162
64'/a
21%
13
23%
30
Waukesha Motor Co
24.
-
117
10
Warren Foundry & Pipe^—No par
Warren Petroleum Corp new com..3
page
r
July If)
11% S 12% V
28 "
preferred
Waldorf System
Washington
Mealar
43
A
25
mm.
Detinnlng Co
cumulative
Bros
>
*93%
5
.———100
32% Jan
Warner
-
13 Vb
pfd
*93
4%
10 Va
24%
32% Jan
5% %
1
EXCHANGE
•
12%
Si Coke 4*
8>/a
i
79%
40
*28 Va
22
*162
132%
; io'a
4%
*17%
*132%
5% A 5%
io
'
99
4%:
165
qlVa
165
■.
28% •' 28%
17 Va
24%
preferred
43A
17%
*92%
Pwr Co com
*93
98
4%
28'
2.80
Si
10 Va
28
Ry com..100
preferred
10o
common
10'A
46 Va
18% "18%
5%
10 'A
34'A
91
46
138
40
5%
64%
fatarday
July 17 *
t per there
preferred-—100
18%
39
*92
4%
LOW
Worka
18%
38%
5%
34
*90
-
new——^.10
cumulative
18%
40
•
5'A
10%
^
72
78%
18 Va
47'A
48%
137%
40
-21%
10
STOCK
:
Inc
79%
138%
8%
.
46%
45%
*69%
171
71
?8%-
*56% "58
34%
48%
78%
18
*162
1
,
28%
21%
IpO
71
.,
8 Va
*132 .s 134
49%
*48%
16 Va v ,16%
91
'
45%
■
137%
f*
98
.
17%
com.No par
...
*90
'
79 V*
10'A
.
45%
27%
48%
33%
91:A '
138 /
5%
9%
50
.
6%
27%
58
77%
-
*40'A
l
i
*8%
137%
138%'
2d pfd—5
Inc
48
76% '* 79%
138
31
non-c
•
36
*6 %
16%
40%
131%'131%
47
-
No par
Corp__
-
..71
A 13%
*35
28
*56
%f, 33 %
19
176
J 6%
15%
58
44%
10
.
33
100
35%
*27 Va
16%"
99'/a
104 Va
*174%
>13
72
6%
V
4334
71
13
*7f
''28
*56
175%
*12,%
*8%
8%
48% ' 48% "
49
57%
10
Virginian Ify Co common
6%
preferred
Visklng Corp (The) : .«'£ £.
Ward
24%
19
*35
6%
16
*56%
No par
Tobacco
*21
16%
*92»/a
4%
non-cum
Walworth
72%
.
104'
*174%
*72
6%
19
104
18%
104
35%:" 35%
28%
15%
Va-Carollna Chemical com—-No par
6% div partic preferred—^
100
v
24'A
*98 Va
-
12%
*71
4 6%
*27%
Victor Chemical
Walker
71%'
23%
*43%
174%
12%
72
*27
1
4
see
12%
35%
6%
.10
23
A%.
44%
174 %
33
24
,
7
73
23%
j
3'A
45%
*6Va
72%
23%
174 >A
'12
preferred
Co
RR
3%'s
6%f 7
73
19 A 19
10l% 104%
*71
100^.
YORK
Walgreen Co
4%
49%
44%
104
No par
Jun
Wabash
36
,
49%
45
174'A
100
95
1%
35
4%
%•>;.: 4%
*98 Va
prsfetred
Pictures Co
Iron Coal
12%
99 %
96Va Apr
$5
'A
35
*33%
99%
48 Va Jun
Va
'
*98'/a
Nov
a
4
' 6% ;
102
—20
preferred***—**_60
Eiec
4%
,
12
12%
34 A 34
*33%
36
16%
Vicka Shreve Si Pacific
Virginia
*11%
,
36
■73
Vertientea-Camaguey Sugar Co—6%
footnotes
12
34 %
28 Va
50%
For
22
28 Va
Vick Chemical Co
Jun
78%
*21%
28%
Raalte
38% May 11
34% May 3
*77%
21%
27'A
Norman
23
78
-27%
Van
14
14%
71%
21
27%
Van
117% Jun
28
14%
54
May 28
Oct
14%
110
16 %
15% May 21
Feb
13%
39%
*107
17 Va
29% Jan
'
108%
22
*43%
94
16%
108
14 Va
23%
Feb
121
27%
79
B
Yanadium Corp of America—No par
14% July 13
124% July 12
18% May 15
28'A
110
6%:
EXCHANGE* W
5%
27%
44%
preferred————100
3%%
39'A
28%
' 34%
50 Ve
39%
11%
Paper Inc common—3
Co
50.
38%
3%
Feb
Nov
50%
50
3 Va
Jan
112
91 %.
50%
39'A
■
3'A
94%
104% May
10% Nov
90
3Va
26% May 21
0
34 %
91%
49%
94
39
35
90
49%
24% July 14
15% May 17
C
86
-
34%
34
No par
com.
conv
NEW
*84%
35%
91%
*21%
Corp.--_„$
preferred-
Highest
$ per there
97 Va
86 VY,'
*84%
,
107%
*94
*77 Va
No par
a
preferred
Universal
May 20
85
107
97%
108
*94
16%
Leaf
8V
Range slate Jaa. 1
Feb
18%
,
Lowest
,v
*107%
97 Va
13%
STOCKS
..
107%
■!
16%
Universal-Cvclops Steel Corp
15% May 21
'Highest
20%
1st
Co
Range for Frevtona
'
41%
16'A
Laboratories Inc.*—
>
41%
1
Universal
70
24
41%
22
Universal
Feb
41
433A
series A—
Stockyards
conv
A%
8
July 19
41%
55%
21%
common
non-cum
$6
May 22
51
33%
53'A
10% Jun 11
10
r
33 3A
54
23% Jun
'
34
44
—
Corp common
United Wall
17
170
33%
21%
preferred^
7%
21
Jun
14
34%
53
preferred—
S Steel
1%
U 8 Tobacco
15
Jan
20
13
'150
'
{
6% Jun
34
"
Dec
Dsc
•
<
Dec
56%
11%
f
Dec
163%
/
pfd
98% Jun
Jan*
1
14
21%
-
29
Jun3
52
V
55%
13%
*108
No par
12% May 26
J0%
Dec
10 V2
56
13%
49%
^an
11
109%
Dec
*33%
10%
54%
28%
No par
United Stores $4.20
Feb,
10%
49%
common
United
'
10%
10%
57
13%
39
100
42% May 20
6% May 21
12%
8% Feb
cum
non-cum
■■
JS
-Jan
06% Dec
Co
Rubber Co
8%
24
10
10%
35
par
U 8 Smelting Kef Jb Mle com^^.*BO
72
Apr 21
83'/2 July 14
'
-
U S
13
7
67% Mar 17
10%
7%
29
'
29
No par
Chemicala-
preferred
2*/t%
7
49% May 15
68% Jun
10%
50%
O S Pipe A Fouadry———20
137% Jan
10%
*6%
89%
U H Playing CarO Co—U S Plywood Corp common
1
8
10%
85
'
53% July 13
41% Jan
29 %
107
>.
58
July 9
37% May 21
May
*6%
*28%
*94
14
94
,
7
33%
,
16
6
100
52%
Lines Co common:
4%%
35%
*98%
21%
preferred
Partic. dc: conv
U S
2
20%
35 Vb
.'■*?
7% 7
100
40%
13
129% Mar 10;
Feb
8Vi
-
8
20%
35-%
*98%
10%
V
<
Jan
66% Jan
v
Feb
80
Dec
-
I
9% May 20
125%.M*rl9
51% July
133
4 % %
17%
29
10%
39% Feb
Teh
165
,,
Dec
.
Leather
11
38% May
,
U
.
'
*35
35% ?
107%
.17%
13%
25% Feb
F«b
20%
20%
20%
1
8%
'106%
52 Va
-
Machine
7
.103% July v
87
Feb
-60% Feb A 38% Feb
Dec
XT S Hoffman
8% Jan
21% Jan
;
21%
com
common
preferred
Industrial
9 =
17%
*56
49
39."v/->jlan 7.
Dec
1%
U S
7% Mar 30
-73.
40%
Gypsum Co
4
15% July
Oct
Apr
46% Oct:
107%
17%
13%
1st preferred——Freignt Co.
S
5% Mar 15
10
.
S
9
Jan
107%
17%
8%
No par
Foreign Securities-
Jun
36
8%
5
,
Improvement Co
42% Jan
Mar 16V
10%
1
Engineering &'Foundry
Gas
July 19
26
8%
7.
——*100
$4.50
17% May 14
69% May
17
9
I
Cos_.
U
2
Feb
17
1
common
U
9
Feb
,46% Dec
02 '
9
9
.'i'23% May
127%
United
24% May 15
11% Mar
17% »
4%
USA
Jun
13%
16%
16%
*33%
United Merch & Mfrs Inc
94
,
,
3
179
11%
13%
Cig-Whelan Stores com—30o
$3.50 convertible preferred1
_100
May 24
Jun
50 %
11%
28%
•''
United
11
113% Jun
50
par
United Electric, Coal
101'
'
6%
28'A
10C
.
21 %
11%
20%
I
United Cory common-*—.,
$3 preference*
—:
104%
20%
13 VB
*35
Corp.—10
32% May 15
6
9% Oct
39% NoV
Carton
104%
f
50%
*98% 100%-
,
ar4[.|»»,
Cp„_J
No
Corp___No
21% May 26
11
.•
&
%
28
11%
/ '''
10%
28%
28 Vb
21 %
*50%
3%
*26
13%
"
,
'
93
11%
20%
No par
United DyeWood Corp
17c .preferred
53%
Jan
9%
Board
7
33 V* Jan
5% May
25% Jan
,16%
United
Co
28% Jun
20
Dec
Biscuit
50%
99
Lines Inc'common—10
cumulative' preferred—100
United
15% Feb
10%
21
22
3'A J
104%
1?%
Air
4% %
United Fruit Co
92% Feb
Dec
yy i.
United Aircraft Corp common
5%
convertible preferred-
3
23
89
10 %•
103%
21%
355/s
28%
3%
105%, 106
17%
r>-e»A
29
3
28%
28%
35'A
7%
29
8%
56%
*91%
27%
99
.
8%
55%
93
*25%
20
35
103 ;
6%
1
3'A
8%
105%/ :
-
93
22
'
16%
8%
17%
3%
9
55%
13%: 13%
•
58% May 17
Oct
196% Mar
Union titrxt net'
10
Feb
Dec
37
•
Jan
35
.-Mo par
2
27
20%
?
f
22
*8
54%
93
,11%
».!;
8
May2782% Apr 22
27
»21%
:
50
V
>'
,17
105%
■
9
21%
No par
$3.50 aerlei_.
Feb
16% Feb
213A
,54%
104% 104%
'
United
Jun
10%
,
Uniob Oli o! California—
Union Pacific ^R Co" com
;newr50
Preferred
hew Y.————.
—50
United
46%
10%
8 5/8
*25%; 27
27%
27%
11%
8%
18%
'-
/
13%
*16%
r:.
20%
*98%
.No par
$3.70. seriee
20% Feb
107%
<
May
Preferred
V, Preferred
.
9
,
10%
*92%
y.
51
115/s
105%
17%
20
21%
13%
vVv
9
*104%
par
Un El Co of Ma pfd $4.50'ser__No par
: v
:t','
47% May 20
,
13% Mar 16
Oct
106
.12% May
86
•
Feb
23%
Dec
•
48
Jan
.
3% May 15
13
43%
.
Jan
20
61% Mar 17
8%
•
49%
12 Vb
13%
V
''
If Carbon new.No par
5% July 15
55
Jan
5
,
10%
54
X
Paper--—
8
13
:
V "
■••-
■
United-Cftrr FasteneT
19%
May
July' 9
JUn
8"
Jun .«7;
Jan 24V
Bag Si
United Carbon
Feb
42 %
11%
*8%
.Me pat
36
11
1
-No par
(The)——.
Union Carbide
July
8%
*40-/8
'
103 Va
20%
16% i'16%
—No par
Corp
35% July 12
,
4% Feb' 26
Jan
Udyllte Cerp
15
5
May 10
40
10% Feb
'.65% Dec
11% May
r
20
2% Feb
53% Mar
-
Mar
3
83
CeaaJh
Feb
29
2% Dec
'
27% Feb
,
Nov
Twin
22
Jan 29
15% Jan
3
ll'A Mar 16
—
4 Dec
35
preferred
preferred-'
193A Apr
2
90% Mar 22
22
Jan
conv
prior
103
11%
City Rap Transit com—Nopar
5% conv prior preferred
l_50
30% May 10
,
104
13
L-iMo-per
No-par
$1.50
Union
110%Jun:
12
19
Corp -common--
Union Aebeatos St Rubber Co„
41% Jun
10
77% Jan
33%
Dec
41
Apr
Apr
—
Jun
26%
26
22% Feb
2
II
No par
Twla
I
6
8%
42%
/
26%
27%
253A
'■w
50%
Corp__
$4.50
26%
27%
21
Underwood
110:
8%
*40%
>21%
'
'
9
3% '*:?% '
25%
20%
Corp
Century Fdx Film comJ-Na
43
,
"
25%
49
Western Air Inc
preferred-
39% May 26
105% Jan
6
13% July 19
24% Nor
/
—
28%
'*
8ep:
28%
75
31% Jan
Dec
1
110
15%
r
..»
—
.
May
16% May
,
.
—
11
213A
93
3%
3%
*24
_No par
16% Jun
,
I per there
8%
42'/a
11%
'53%'r
/
103
13*": Jah :- % \
59% Juh;T5
Maf 16
:91,;; Feb<98 ,85'
July 19 '
90!
21% Feb U
38% July
85 / July 19 *
96% July
50
July 19
51% JUly
/
Dec
27V
■
—
—
•
Jun
14%Jaa :
; 9% Mar 16
27% FCb
' Mur
• 104 ;
45 ;
5
32% Jan .21
10% Apr 30
94
No par
15
Truax-Traer
11
17
.
com„No par
Ax)e__—
Tri-Continental
8% May 27
39% July 19 .
108
Jan 3
106%:. Sep
.
Dec
20
•
:
i
v
Jan
37%' Oct
.
Dec
.01%
;
Jun
36% Jan
1005/a Jun
'
4
9% Mar Id
15% July
;
0% May
105
24
Feb
17% Oct
'43% May
f
5% Mar
Co
*92
'
19
July 1
25% Mar Si
23
*8%
51%
Transue & Williams Steel
12% Mar 16
Jan
9%
Transcont'l &
19
'
22%
53%
July 28
per share
85,a
11'A
,21%
Friday
July 22
t
*40%
42
r 51%
Bearing
JTransamerica
7
Jan
15%
Dec
38%
Dec
10%
.100
,
11
Nov
12%
21%
5% Feb
97 JA Mar
10%
8%
-
comi.AJ'io par
11
23% Apr
$6
Feb
10%
8%
*40%
21'A
prelerred
Tlmken
10% May 15
Feb
8%
40%
cum preferred:
^No par
Water Associated Oil com—An
Timken
13% Jan
I ptr there
1
preferred...
$3.75
May 21
\ 22% Mar
I per shard
8%
vCLOSED
Thnnday
July 21
X40%
$3.50
Tide
107% July 22
7%
-112%
1
(The)
Thompson-Gtarrett
15
2
■'
Dec
Transit Corp—No par
P1ICW
Wedatsday
'
May 15
,
STOCK
SALE
July 20
f per thare
.
EXCHANGE
^_50
,
f per there
HIGH
AND
Taetdmy
*8%
A%
li
09
preferred
Co
23% May 27
22
15%
May
.
Avenue
55
21
20 Va
"
-1
common
conv
Thompson- Products
104% July 12
27
13% May
14
4% Jan
Co
div
Thomas Steel
95% Jun 16
.
•' 108%
Dec
Third
10% 4Jan: 8
59% May 28
0
■
Feb
v
$2'/a
9
Feb'
85
25%
<
40% May
10% May
,
Jun
39%
May
•4
13»/a Apr
24:
7%
May
18
19.
Thermoid
lfenday
July 1!>
July 17
Per
9
8% May 10 '
39% Feb' llv
Jan
Mar
1
20
47% Jan
RECORD
LOW
EXCHANGE
10% May 15
'
STOCK
Saturday
HElT YORK STOCK
share
30
Apr
19
; 16%. Feb
106
Mar 16
7'A Feb
Oct
»
* Dec
tper
40% May 11
Feb
24%
May
95
14%
V
Jan
8
Feb
.;/•
;
YORK
FINANCIAL CHRONICLE
STOCKS
Highest'f;
I f ir shaft
Feb
60'A
Dec
,
Lowest'
t per share
9% May
45
Range since Jan. 1
j;
.
Highest
/
I per Share
V
&
29
25%
26Vi
*18%
-
19'A
16%
•,■••10% K.111 'A
26%
>26
/
27'A
i
,29
? 27
,19%
*19
11 VB
16%
15%
98 Va /s 98 '/a
10%
10%
11
26 Vb
11
' 16%
16
26%
'
11 VB
32
98%
28%
"
11
::24
28
.26%
497%" yQBVa
,-..26%
v
28%
58^7%
*26
26%
s26 Va
26 Va
*18%
19%
18%
18 Vb
,/■
in
H
28J/a
24
COMMERCIAL & FINANCIAL CHRONICLE
THE
(364)
Banc* for PreTleae
pi; Bancs sine*
-
Highest
Saturday <"
SO
Highest
Lowest
Deo
» •%
12%
Jan
o
Feb
Not
p 39
Feb
.21K Mai
11
19% Mar
p 34% Jan
-
Dec
Not
121%
86% Jan
19% July
1
Deo
112%
Jan
103% Mar 29
106%
Deo
116 Y4
Aug
105% Feb
113
Jun
107
Jun
11
16
104 % July
16 Va Apr
Oct
38% Feb
Deo
Jan
100 % Feb
25
100
•
,
57
58%
593/4
59 Y4
59Y4
5934
83 Ya
83 Ya
83 Ya
84%
*83%
>84%
83 Ya
83 Ya
22 Ya
23%
23 Ya
23%
2334
24 'A
23%
24 Ya
11,700
16% '17%
17 Yt
17%
173/4
18 Va
1774
18
1874
18%
13,000
111
111 Ya
*110%
>111%
111 Ya
117 Y»
117 Ya
118Y4
118Y4
117 Ya
118 Ya
117 Ya
117 Ya
108 Ya
108 Ya
109 Ya
109
109
100
100
preferred
preferred
6%
pfd
preferred series B
4.20%
Coke
&
10%
Jan
6% Jail
2
10 Ya May 18
Western
34% Feb
14
-46Y4 May 20
Western
Auto
I 4
9%
Dee
17
Dec
Feb
90
Dec
-May
•'i 00
Dec
32%
42 V«
May
>
1% May
,18%
22% Mar 12
64
Mar
n
5
12
21
727/a Jan
11
*18% Feb
Sep
4%
38 Ya July
36 Ya May
.
11
15
Oct
32% Feb 13
39 Ya Jun
21Y4
20 3/4
213/8
21Y4
21 Ya
47 Ya
48
47
47 %
Dec
25% Feb
11
33 V* Jun
9
Anor
li:
95% Apr 23
38%
Deo
85% Feb
Deo
40% Jun
16
98 Y» Jun
14
•'
$3.75
r
9
14-
*32
*333/4
34
73
■
34%,
34
r
22
"
39 Y4
39 V*
39 V4
39 Y4
13%
14%/
13%
14
34%
34%
34%
37%
34%
V
34%
*33 Ya
37
88
*97%
98
*33 Ya/
35%
89 Ya
97%
975/b
97%
,
12.50
*34%
35%
34%
—No par
45 Ya
45 Ya
*4434
46 Ya
*45 Ya
Wn par
,93%
93%
93 Ya
93%
*93 Vt
\ ;
preferred
,
72%
100
22 Ys
22 Yb
9,400
37%
38
38 Ya
6,900
28%
29
*72
88
88 Ya
;
20,400
Ya
89
97
760
97 Ya
> 46 Ya
;
.
35 Va
"46
,
94
97 Ya
47
47
47
*93 Y4
>
130
89 Ya
97
*J3%
;
Prod—
—
1,000
34%
34%
22%
28%/ 28%
-,i
88
34%
•
'
28 % % 28%
7,200
800
.
373/4
37%'-
£9%
98
:
28 Yb
1,200
i
•
,
21%
37'//
28 "k
;>/
36% k
-
28%
90 Ya
«
74
*71%
72%
*71 %
33%
33 Ya
34
33%
i;•
4,000
;>
8%
14
22 Y4
27 Y2
8Ya
38%
21%
90 %
12%
8Ya
8%
71%
-100
:100
20
8%
<;;
•
21%
•
1,700
108
8%
71%
t
7,700
48
47%
133/4
;
•
33 Ya
.
60
21%
21
108
108
90
130
106
38%
'iV
39
13 Ys
333/4
Instrument
Elec
Westvaco Chlorine
Common
>
39
33 V4
series B
pfd
.8
"
*71 Va
36
Brake-
Air
cum
Weston
9
57 Ya Jun
20
14
No par
3.80%
11
101 Ya Jun
7 V2
39 Ya
123/4
*107
108 Ya
►107
108 Ya
No par
100
Westinghouse Electric com—^
3 Ya%
cum pfd series A
,
>
130
109 %
*104%
46%
*107
190
'
110
109%
106
46 Ya
21
Westinghouse
14
'31
110
*104%
20 Ya
Union Teleg clasa A_No par
Western
109 Va
104%
20 Ya
100
-100
—
110
4874
7%
A
series
Preferred
J
10474
38
Co.
RR com
Pacific
Western
May 19
26 '
,
in*
■
17V« May
•4%
■
28% Feb
Mar
-
-26%
.22% May
08
•'&
Supply
Maryland Ry com
non-cum 2nd pfd
Western
9
110
104 7/a
110
104%
19%
Air Lines Inc.
Jan
110
107 Ya
;e.
t
117%
117'/a
*108%
104%
*107
112
lllYa
111
,
46
-100
75%
111
111 Ya
180
•
110
104 Ya
5
com—No pat
preferred
4% %
*
108 Ya
108
110
100
Coal
Va
West
West Va Pulp & Paper
.
107
100
West Penn Power 4% %
0% May
v
3,300
56 Vt
15
16 y4 July
900
2,900
23 Ya
110% Jun 14
77/a Mar 17
900
6 Yo
84 Vt
38% May
.
23
6
22 V*
22% July 14
14
23
5%
84
Indies Sugar
51% Jun
20 v
32% May
23 Ya
5Ya
55
18
r
53/4
fhsrss.
18%
*23
223/4
5Y8
5%
5Ys
58 Ya
2234
,
18 Ya
com—No par
conv
7%
9
15
5%
5%
aasoTO
23
18
preferred
No.par
Corp
1
West Penn Elec Co (The)-- No par
Class A
-No par
$4
West
4
Jun
114
103%
*113% Apr
,
23
173/4
17 7a v.. 18
173/a
9 per share
60 Ya
119% Jun 22
109% July 21
Jaa
8
Inc
Tobacco
17%
Bales fer
the Week
9 per share
I per shore
9 per thar*
23 V*
22 Ya
EXCHANGE
1
Wesson Oil & Snowdr
2
26% May 21
3
13
13% Feb
Webster
Jun 30
65
104% Mar 16
117 % Mar
112%
100
2
6% May 24
80% Feb .13
Feb
•90
2
30 Va Jan
.
10
52%
J an
83% May
21% Jan
1
—July 22 si-
July 21; •
is
♦i7Y»
STOCK•
A
»
Friday
July 23
Thursday
Taesdfylr/W
July 20
I per share
•-
$p*r»kaT4
For
Knitting Mills
Wayne Pump Co—.—
Wayne
HIGH balk pkicbb
Wednesday
AND
LOW
July 19
July 17
I per thar0
•
Maris
17
21 Vu July
Feb
41
Dec
37%
6 per share
6 per share
>26% Feb
Sep
.10
,
Monday i
MEW YORK STOCK
EXCHANGE
Jan. 1
•
I ptr share
RECORD
STOCKS
//
Tear 1047
Lowest
STOCK
YORK
NEW
94
93 V*
93 Ve
1.
35 Ya
*33 Ya
•'
/
100
1,100
.
600
'
July 21
115
56 Yf
_
K
*26% May
a
19% May
4
.
;
*10% May
•/
16
<
,
■
10%
120
-
Jun
Dee
Oct
9
-
Oct
99
4Jan'
81
Noy
15
Mar au
19
Not
15
Feb
145% May
126
88 Y4 Jan
42
$4.25
21
10
18
Jun
Jan
Wisconsin El
10
X138
13
35
Dec
28
Feb
63
Feb
43 Ye Feb
37 Ya
5
11
6%
July 12
49% Jun
Woolworth
14
94%
70
Deo
03
Dec
100
Feb
Feb
03
Deo
80
61
Not
I
May
Prior
Mar
May 21
69
July 15
♦15%
15%
*153/8
15 Ya
16 Ya
♦126
36 Ya
34
34 V4
46%
45 Ys
pfd 4%%
46
45 Ya
20 Ya
193/4
20 Ya
1934
75 %
75 Ya
•75%
753/4
75 Vt
753/4
83%
83 34
No par
76 Ya
67 Va
3,300
47
20 Ya
20%
21 Ys
2 400
10.300
48
,
July
4 Ya %
May 25
23.
Coro
9%
10
46 Ya
preferred-
July 12
Zenith
Radio
6% May 19
Zonlte
Products
sales on this day.
Jin receivership.
29 Ya
30 V4
29%
13%
2 567,430
$5,247,000
$482,000
1,469,910
4,314,000
Ya
8IV4
8IV1
82 «/4
8178
82V4
78 Ya
18
18 Y4
18
18 V4
17 Ya
18
I8Y4
32
32
31'/a
31%
5,800
5Ys
5Ys
3,000
18
1,202,920
3,242,000
*
.
*
30
32
313/4
5Y4
5
5
5 Ys
31
*5
5 V4
delivery, r Cash sale, s Special Sales.
a Deferred
847.520
2,863.000
818,520
2,527,000
6,906,300
$18,193,000
Total
wdWhen distributed, x It-dividend.
Transactions at the New York Curb Exchange
Stocks
Government
Bonds
•
Bonds (Par Value)
(Number
of
total
United States
Bond
Week Ended July 23,
Sales
Foreign
Domestic
Share)
1948
Saturday-;
$5,754,000
1,000
4,789,000
271,000
57,000
3,191,000
167,000
12,000
2,706,000
$89,000
$350,000
$73,000
$277,000
288,000
20,000
$6,000
314,000
177,000
24,000
1,000
202,000
180,655
176,000
2,000
3,000
181,000
215,090 ;?
191,000
14,000
11,000
216,000
$1,109,000
$133,000
$21,000
—
1,555,120
Total.
$19,995,000
$6,000
.1
Jan. 1 to
6,906,300
Slocks—No. of shares
-•>
Bonds
■
' >
1948
1947'.
1948
5,422,980
<
July 23
'* 1847
1948
188,410,267
1,293,080
47,097,954
45,036,695
$1,109,000
Bonds
•
1947
1948
1947
July 23
1,555,120
Stocks—No, of shares—
146,353 883
$1,263,000
Jan. 1 to
Week Ended July 23
Week Ended July 23
Total
Closed
249.745
Friday
$1,707,000
.
Foreign
Corporate
571,530
Tuesday.
3,555,000
;v
Government
338,100
Monday
$5,000
$20,000
Wednesday
Thursday—
•
5%
Daily, Weekly and Yearly
313,000
.
2,400
'■
10.
Exchange
474,000
Wednesday
Thursday
Friday
GOO
20
8IY4
—
Tuesday
*29%
30 Ve
20 Ya
i
Closed
Saturday
Monday
1,900
'
20
5
Bonds
Bonds
Bonds
10 Va
80 Ys
29 Ys
Bank
Foreign
68
10 Ys
20 Ya
Corp.
Int'l
of and Miscel.
68
10 V»
81 Ya
Daily, Weekly and Yearly
Railroad
67 Ys
*10Ys
} 173/4
No par
No par
$40 liquidating dividend paid May
Transactions at the New York Stock
67 Ys
1074
19
Corp.
flEx
66 Ya
10 %
20%
.No par
Spring & Wire.
29 V.
>>/.>.
35
1.500
66 74
67%
10V4
/
YoungBtown Sheet St Tube
Youngstown Steel Door
87 Ya July 12
xl9Ya May 27
6674
68 74
9%
common
cum
Young
9
.No par
'
-
GO
2,000
16
•
82
1334
27
Shares
*77 Ya
4674
14 V4 Mar
23,1948
50
220
81%
*77
82 Ya
30
65% Feb
Week Ended July
4
84 Ya
13%
Feb,
Number
75 3
*83
4674
Oct
Stocks,
*75 Ya
82 Ya
133/4
83
no
20 Va
7574
82
82
47
03% May
prices;
5,100
20%
*75 Ys
20
series
.100
conv series—10o
*46 Ya
21
asked
2074
4,000
*133's
15% Feb
and
10,500
13%
Oct.
♦Bid
4574
*46 Ya
23%
11
36
45
19%
19 Ya
76 Ya
36
4574
131
13:,/4
14% May
July 15
35
47 Ya
38 Ya Mar 13
5
30
131
36 Ya
447s
34 Ya
*125
35'4
*125
131
*125
130
13 V4
50% Mar
19% F»h
163/4
6,200
*46 Ya
37%
Ja=
600
1674
14
16 Ya May 24
July
1574
16%
30 Vt
34% Jan
27
10%
1574
12 Yb
21
10 Ya Feb
25
200
153/e
29 Yb
27% Feb
Feb
Jun
16 Ya
16%
16%
16 Ya
16 Ya
128 Ya
153b
;200
14,700
14%
86 V4
*85
York
Jan
16%
6%
61
14 Ya
143/4
86 V4
*85
Yale St Towns Mfg Co.
45
14% May
60
14 5/8
15
2
23% AU|
10% May
.
62 Ya
-
;
11% Jun 21
9
Feb
21%
*60 Ya
/
Wright Aeronautical
Wrlgley (Wm) Jr (Del).
Wyandotte Worsted Col.
18%
;U -May
"*
1474
No par
pfd 4%%
Prior
May 17
84 Ya
60 Ya Mar 19
8
4
94
5
Jan
58
70% Mar
;
81 Ya Feb
10Va
62%
1074
15 Ya
Common
74% May, 5
81
Feb 16
Apr
4,800
29,200
*28
86 V*
16 Ya
2,210
11 Ys
*85
34
122
10%^
85
128 Ya
119
119 Ya
3,900
■i
1074
85
Co.
(F W)
1185/a
400
3,200
>
29 Ya
85 %
If
20
•1574
85 V*
100
20%
20
15 Ya
14%
(new)
20%
>
15%
15%
613/4
common—1$
Oo
.
20
-160
873/4
26 Ya
15 Ya
15 Ya
Oo
*
-
20Ya'. 20Y4
197 a'
7,500
5174
'87'3i
*25Ya
,
*28 Ys
14
-
50Y4'
.
/
26Y4
29 Ya
*58
.
87 Ys
••
,
:
;
51
61%
50% Z
87
10%
15Ya
*60
49 Vt
29 Ya
14Ya
Worthlngton P & M (Del)25 Ya May 15
,
207'a
-
*2874
10 74
t.
Ya!
21
119
29Ya
153/a
93/4
10 Ya
9Ya
19 Ya
118
118
.
15 Ya
16
26
20% :
.
No par
Pwr
Iron
19 Ya July 19
Dec
14 Ya
,*29
.
193/a
18%
117Ya
29 Ya
*25
25.>
50Y4. 21
300
II43/4' 115
./ 118
*25
,115
.;
4974
5074 '
87
\ 87 Ya
'
-
50%
>88
25
25
20%
20%
1193/4
18%
117 Ya
*58
preferred
Woodward
88
*114
No pat
preferred
Wilson-Jones Co
,
*28
11
1
Wilson A Co Inc com
Mar 19
Deo
20
49
89..
111
*108
51
,
.:,25 —
Willys-Overland Meters
$4.50 conv pfd series
Jan 1 8
19
preference
Wilcox
17% May 17
11
12% Feb
17
May
21%
-
preference
conv
109
88
1
Mo par
—20
Machine com
Sewing
$4
Prior
12
May 27
,65% May 15
„
Mar
51
Oct
20
/:
Deo
64%
,
•
21
19 Ya Jun
13% "Feb
Sep
•9%
Feb
White
23
Jun
30
12%'Pep
0% May
10% May
Feb
34
a% May
01%
.17%4
'90
July
conv
46 Ya
No par
No par
-20
1
prior pref
White Dental Mfg (The 8 8)
White Motor Co
J
24% May 26
227/a July 8
122
July 23
V.29%
•% May
04
Feb
34-
Wheeling Steel Corp com,
$5
108
-100
Wheeling Ac L Erie By com'
July13;
924 Jan ' 5
27% Jan
^
115
$2,231,000
$32,371,000
$42,015,009
5,551,000
3,598,000
i> >
D. S. Government
$6,000
$269,000
$749,500
$2,713 500
Domestic-
International Bank
89,000
2,697,000
3.377,000
11,998.000
Foreign government.
1,707,000
1,210,900
53.102,180
41,536 700
Foreign corporate.—
18,031,000
598.014,100
540.563,100
»>. $22,207,900
$655,242,780
Foreign
Ballroad A Industrial
Total.
18,193,000
$19,995,000
.
.
—
21,000
$1,263,000
Total—
$596,811,300
Stock and Bond Averages
Below
■-
listed
on
the daily closing averages
are
of •'representative• Btocks^and>.bonds
the New York Stock Exchange as
compiled by Dow, Jones &
It
10
30
30
-Indus-
'
Rail-
II
Util-
If
Total
July
,
.
Grade
,
16
-trials
185.90
July 17——
July 19————
July
20
22j.
July 23————
—:
.
62.06
a
>
181.20
101.25
69.58
104.31
91.49
;>
.Mat >
102.43
99.87
67.62
101.24
104.31
90.90
102.14
99.65
68.56
101.19
104.30
90.70
102.01
99.55
104.30
90.91
102.15
99.63
104.30
91.10
102.12
•
99.66
104.26
91.00
102.62
V,: J::>■>'/• -
99.56
69.09
35.30
69.22
101.16
68.73
35.09
60.96
61.15
p*: Ralls
Closed
35.19
6C.25
185.31
If
Grade ~ Utm-
35.11'
:60.40
185.29
.
34.63
59.48
>183.57
/a :■> •> >»;
'Corrected figure, :
tl®»
*35.21
Rails
Closed-
July 21-————» "184.44
Jyly
roads
,
trials
Stocks
Bocond
-First
Indus*
ee
-
Data—
-
Co.
-Bends-
-Stocka-
..
v> >■
.
lOl.llj
>100.96 »
133,000
63,000
6,000
$2,300,000
-
324,000
1,208,000
$39,130,000
.
$45,937,000
Number 4719
Volume 168
THE
Bond Record
New York Stock
<c»
FRIDAY
NOTICE—Prices
the
week,
"and
are
interest"—except for income
and when outside of
The
italic
letters
in
the
the
regular weekly range
column
headed
"
,
shown in
Period'-'
- • r
-
*
Cash
footnote
a
indicate
in
'■ WEEKLY
•
bonds.
defaulted
and
are
"Interest
CHRONICLE
FINANCIAL
COMMERCIAL .&
in
each
and
the
deferred
week
the
case
in
delivery
sales
which they
month
when
Figures after decimal point represent
No account is taken of
bonds
more
or
one
disregarded in the week's range, unless they are
are
occur.
the
Exchange
YEARLY
4
-
GOVERNMENT BONDS
Year 1947
Lowest
Range since Jan. 1
Highest
Lowest
NEW
Highest
Sep
106.8
Feb
108.4
Dec
108.21
Feb
105.28 Mar 10
108.28 Mar 10
111.23
Sep
112.6
107.20 Mar 10
108.28 May 17
106.13
July
Feb
106.13 July
106.16
Dec
108.16
i...
...
114.8
—
_
...
—
——
—
■
—
114.8, May
May
Treasury
Treasury
Treasury
Treasury
Treasury
—
—
Deo
.
w'
-
Saturday
STOCK
•.
-
Low
Tuesday
1
July ISO
July If)
; Low
Hlgk
Hick
Low
High
AND
104.12
104.12
Feb
102.22Feb
Feb
102Feb -2
1
—
—
'
/.i.
w
....
—
—
101.27 Deo
104.23 Feb
104.18 Apr
101.11 Jan 7
101.19 Jun 14
100.24 Mar 1)
101.26 Deo
104.4
100.23 Jan 20
104.10 May
104.15 Apr
May 19
101.12 Jun
Mar 12
100.27 May
104.24 July.
Deo
Jan
>
101.11 Jeai 7
101.19 Jun 14
7
100.2ft da»
101
Dec
103.20
Apr
105.17
Jun
105.17
Jun
102.26 May 25
102.26 May 25
100.7
Deo
103.19 Apr
100.8
100.23 Jun
—
—
—
—
—
—
Jan
6
—
10
—
—
—
21
—
—
—
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
—
101.7
Dec
I 105.18 Sep
102.13 July 13
102.13 July 13
102.8
Sep
102.24 May
100
Mar
4
100.4
May
100
Dee
102.24 May
100
Mar
a
100.9
Feb
102.12
Apr
102.6
.
102.23
Apr
103.1
_
—
1
101.13 Mar 22
101.26 May 18
Apr
102.25
i
101.10 Apr
101.14 Apr 16
May
Apr
—
_
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
v
—
103.2
Jan
101.15 May 11
103.4
July
101.19 July 13
I0T.8
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
3
11
100.11 July
Apr
101.18 July 13
101.19 July 13
1
100.16 Apr 14
"102.29
103
♦105.17
105.21
*108.4
*103.2
*104.15 104.18
*104.15
104.18
*108.20
108.24
105.21
108.10
*104.16
104.19
*104.15
104.18
1956-1959
*108.26 108.30
*108,26 108.30
*108.24 108.28
*108.24 108.28
109.8
109.12
*109.4 109.8
*109.8
109.12
*100.^10019
*102.2 102:5
*103
103.3
*103.5 103.7
*103.24 103.26
*101.16 101.18
»101.3- 101.5
*100.25 100.27
109.10
*109.6
*109.10
1960-1965
109.14
100.10
*102.2
102.5
♦103
103.3
*103.5
103.7
*103.25 103.27
*101.16 101.18
101.5
*101.3
•100.26 100.28
*109.4
*109.8
100.10
*102.2
102.5
*103
103.3
*103.4
103.6
*103.24 103.26
*101.16 101.18
*101.3
101.5 V
*100.25 100.27
*100.8
108.8
100.26
100.19
*100.24 100.26
*100.24 100.26 </
*100.17 100.19
1967-1972
*100.8
100.10
*100.8
100.10
*100.8
1967-1972
1967-1972
*101.28
101.30
*101.25
Sep
Dec
100.10
*100.8
—
*103T6
103.19
*103.16
103.19
*103.16
103.19
1952-1953
*102.9
102.11
*102.7
102.9
*102.9
102.11
*104,22
104.26
104.24
*104.20 104.24
*102.9
102.11
*104.22
*102.8
102.10
*102.8
.1954-1956
1956-1959
-
2%s
2%S—
Jun
*100.24 100.26
*100.24 100.26
*100.17 100.19
100.10
*100.8
100.10
102.10
1959-1962
Dec
2s___
108.U
*101.25 101.27
100.10
101.27
100.10
1964-1969:
Jun
2%s
2yas
2 Vis
2%s
2 Vis
2 %s
100.26
*100.24
*100.17
1951-1953
2%s
*100.24
1965-1970
1066-1971
Dec
-
Hi«h
*102.30 103.1
*105.18 105.21
*108.6
2%s
2y2S
Friday "/.
July 28
*105.18
Treasury 2%s
—I 1949-1953
Treasury 2%s
——1950-1053
Treasury 2yaS
1952-1954
Treasury 2yas
——1956-1958
Treasury 2 Vis
1962-1967
' Treasury 2%S-..——/-1963-1968
Treasury 2 %S———..Jun 1964-1969
1
;
•
Law
low
108.10
2V4s
9
Treasury 2%s
—Treasury 2%8—
101.7
100.8
101.24 Dee
Tharaday
July 23
,
Hick
Hick rC
105.21
CLOSED
103.2
•102.31
103.2
*103
EXCHANGE
1955-1960
100.18 Apr
101.24
104.14 July
104.14 Sep
tow
*108.6
STOCK
■—Treasury 2%S....«.rf...-.1958-1983
-m*
8ALS PRICES
*105.18
■
—1951-1955
3s
27/8s
Treasury 2%s
•vwT—-
HIGH
Wednesday
July SSI
*102.30 103.1
*105.18 105.21
*108.4
108.8
*104.15 104.18
1949-1953
*100.8
;
•
1951-1954
3%s
year.
,
32d of a point.
Monday
July 17
EXCHANGE
104.25
.
YORK
>•
.
r
LOW
Bance for Previous
the only transactions of
such sales in computing the range for the
mature.
1959-1962
__Dec
1948-1950
2s
Jun
1949-1951
2s
-Sep
1949-1951
2s
Dec
1949-1951
2s
Mar 1950-1952
2s
Sep
1950-1952
♦101.7
101.9
2s
1951-1953
*101.15
101.17
2s
>-1951-1955
♦
101.17
101.19
2s
Jun
1952-1954
*101.15
101.17
2s
Dec
1952-1954
*101.16
101.18
1953-1955
*103.10
103.14
1950
100.13
100.13
2s
lVaS
International Bank for
Reconstruction
08
Dee
Dee
July
July
103
OS
103.4
•Bid
94.10 Jan 15
94.14 Jan 15
■
asked price.
and
'
98.30 Mdy 17
No salea transacted this day.
a Odd
Friday
BONDS';
Mew Yerk
Stock
Interest".
;
;
Ferled
Exchange
*.
York
Development
Last*
Bale Frlee
1957
1072;
lot transaction,
Week's Range
or Friday's
Bid * Asked
Low
New
&
10-year 2Vis
25-year 38—
99.30 May 17
High
r
Registered bond transaction.
Ff May
v/:.--H
Bonds
t
Sold
No.
Hew York
January 1
Low
Series
Iks
No./15——
No.. 16———
3ki
—
Series
Series
Series
No.'
17
Series
No*; 18
Series
No»
Series
No:-20.
Series
No.
3 Vis
Series
No.
Series
No.
23—
SMs
Series
No.
26—-—
24
•.
3Vis
Teletype
NY
29
Series. No.
■0.
30—
AGtd
sink
Akershua
fund
6s___—
(King of Norway)
lAAntioqula
(Dept)
lAExternal
1948
coll 7s A
65 '
65%
92%
34
31%
40%
37%
31%,
40
34
*34
—-1945
*34
37%
31
^1945
*34
36 %
31%
40%
A 6s
1957
*34
37
31®/s
38%
ARxtl
35
31%
37
31%
40%
96%
73
99
101% 102 %
97
s
f 7s series C
f 7s series D_
7s 1st series
f
ABxternal
sec
ABxternal
sec
f
s
2d
7s
series—1957
34 Va
f 7s 3rd series—1957
s
*34
(City)
external 5s—_1958
(Commonw'lth) 5s of '25-1955
10-year 3Vis
96%
1956
10-year 3 Vis
20-year 3%s
91
1957
AXxtl
f
assented
AChile
*-
87%
92%
87%
85
89%
88
85%
92
85 Vi
86%
83%
99%
91%
Bxternal
s
f. 6s-—1
External
s
1
lABrazll
—1955
107 Va 107%
104%
106%
107%
109
80%
62
49%
1957
37%
80%
62%
to 3.375%)—_1979
37%
19%
18%
28'
27%
28
«-
26
27%
19%
18%
28
26
26
•,
«:1955
external
8s
1941
Stamped pursuant to Plan A
109% 109%
53
53
114%
a 6s
20%
28
27%
18%
27%
20%
28
27 Vi
18%
27%
„;
22 Vi
28 /
27%
19%
—
-
■
'
.
1978
A7sassented
27Vi
28
28
27%
*27
28 V-
18%
20
27%
18
A Chinese
26%
————.—..
—
26%
27%
27
27%
28
"
*27
'
—
.
18
27Vi
19
27 %
ABxternal
Ry)
"
27%
27%
18
27%
26%
—
——.
27%
26%
17Vi
27
*5
5s__
18
7%
s
f 6%s of
1927_
1957
80
82%
37%
49%
54
61%
Stamped pursuant to Plan A
(Int reduced to
A7s
(Central
3.375 %)
1979
Ry)
1952
*39%
40
f
/
For Financial Inetitutione
-
Stamped pursuant to Plan A
(Int reduced to 3.5%)
1978
funding bonds of 1931 due__1951
Stamped pursuant to Plan A
•ft
FOREIGN
SECURITIES^
.
(Int reduced to
External $
3.375%)
bonds of
1944
3%s
Series
No.
3%s
Series
No.
Series
No.
(Plan B)—
2
3%s
1979
3
r/ 3Vis: Series No.
3 Vis Series No.
3%s
Series
3%s
Series
No.
No.
\
("AM. MAMS 4 CP- INC.
..
5——^—
FOREIGN SECURITIES SPECIALISTS
7
3%s
Series
No.
8
3Vis
Series
No.
9
3%s
Series
No.
10
3V4s
Series
No.
11
3%s
Series
No.
12
3 Vis
Series
No.
13—
For footnotes
FIRM TRADING MARKETS
1
6
see
50 Broad
page 29.
•
•*
St., New York 4, N. Y.
Telephone'HAnover 2-0050
.
-a-
27%
27
Munlc 7s_.
(Hukuang
27 Vi
I8V2
19%
27%
Stamped pursuant to Plan A
(Int reduced
28
20%
■'
27%
sink fund 6s
—
27 Vi
21 Vi
*27
assented—-
A Chilean- Cons
.
(Int reduced to 3.5%)
s f 6%s of 1926—
ABxternal
AGuaranteed
28%
28
26
*21*
—
AO Vis assented
A6s assented
-
*27
—
:
27%
28
'28
27%
49%
7s..
(U S of)
100 % 100%
18 Vi
27 %
Bank
,39Vi
19
27%
2828
A6Vis assented
AOuaranteed sink/ fund < 68—
100%
107%
37%
26%
ASinking fund 6Vis—
86 Vi
Mortgage
38
—•
6v2s—.
91%
101%
27 Vi c 27%
27
87%
102
f
26 '/a
-:
87%
94
99
27 Ve
27%
*90%
•
37Va
27%
87%
•4% 101%
105
—
6s—
87%
52%: 59
100%
28
1967
58
55
105
—
1
20-year 3%s —————1966
15-year 3%s ———:
——1962
Belgium external 6 %s———
:1949
—
*531/4
103%
sinking fund 6s
assented
60
80:
104 Vi-104%
ABxternal sinking fund 6s—.
A 6s
55
48
103%
A 6s assented
93
:
„
————
ABxternal sinking fund
1
102%
87 Vi
assented
'
103% 104%
A6a assented
40%
91%
■
56, :
60'
*100'% 101%
ARy external » f 6s——-
40
'$%.
56
''too
sinking .fund 6s——
A6s
-
60
■
104%
I'
sinking- fund :6s—
AfiSfassented———.
-
61
60%
48
—■
104%..
t ABxternal
1945
s
Australia
60 ~.
74
54%
50
56
100vi 101
.
1945
lAExternal
AAntwerp
-
-
60
58/'-?-
-
■' *531/2'
■■
"
64
*53vi
—'•*& ('
—
15-year 3Vis——
.....
(City) 8s
(AChUe (Rep^ External s I 7s.
|A7s assented———.
f 7s series B
s
s
74
60%
*61
.1968
4s
f ABxternal
ABxternal
*61
60%
*53%
—
A Carlsbad
Agricultural Mtge Bank (Colombia)—
lAOtd sink fund 6s-.'....i.—...1947
,
—
(Cttyl * t 5s.—
Sinking fund gold 5s
Sinking fund gold 6s_
Canada (Dominion of) 4s—.—
t
60
47%
54%
■■';
Foreign Govt. A Municipal
51%
>
*
■■T'Z.
Brisbane
1-1693
51%
9
28—i&i*
No.
'<•
56
No.. 27
No.
Series
IViS
Broadway, New York
Series
Series
58
60
54
-
—
__
3Vis
120
-
No:22-;-jn——
No^23
3Vis
REctor 2-2300
*531/4
53i/4
—
Series
Series
3Vis
Wertheim & Co.
55
60
*521/2
21
3Via
3Vis
Members New York Stock Exchange
•
•/>■'
55
*53i/4
♦531/4
19——.—
••
53%
53%
*531/4
3Via
3ki
Foreign I Securities
«'i>.
—
—
55
'*53Vi
'
%
SVis
IVis
53%
*53%
—
•
—
v
Xifk
53
14
No.
3Vis
Ski
Telephone
Friday'a
ltd * Aakad
High
City
-
Wawk'a Raaga
Last
■alsPrtee
Iteok Exchange
Low
Corporate Stock
Registered
'
M-o N D I
/
Range Slnoe
Tranyit Unification Issue—
3%
?
Teletype NY 1-971
(366)
26
THE. COMMERCIAL
NEW
Friday
[Ar,
Interest
New York Stock Exchange
.
Period
:v
A 6s
of) —
(Republic
Oct 1961
Friday's
or
Sale Prlee
Bid & Asked
3s external s f $ bonds
High
70 Vi
2
70
73%
AExternal
sink
70y2
7
70
75
AExternal
sink
19
38
45
41%
42%
42
44
4274
44
58
82
1947
*41%
1946
M-N
*38
SASinking fund 7s of 1927
Copenhagen (City) 5s
25-year gold 47as
1947
1952
F-A
«2s
J-D
72
1953
Jif-N
67
ACosta
1951
M-N
15%
Cuba
(Rep
of)
(Republic of)
7s
of
5s
External loan 472s
1914
1949
M-a
1949
._
F-A
4yas external debt
1977
Sinking fund 5V2S__
'
1953
to
I
6%)
•
ADenmark, 20-year extl 6s_
1942
'
External gold 5 y2s____^_„
External gold 4%s____,.___.T
El
Salvador
(Republic
A-O
i-
of)
7s__
a 7s
: Irish Free
Italian
/■
.
41%
J
1%
?
A-O
i960
>
M-if
Public
A External
to 3 %
j.j
1977
J-J
1947
1
1977
7s
Mexican Irrigation—
(US)
68
a sec external
18
*15%
234s
12
3
Atchison
31
to
16%
27
J-D
:
*31
U-N
Q-J
Q-J
*15
*13 7a
External
-
J-D
Atlantic
J-J
7
J-J
J-J
;
7
;
*16
10
—
87»
3 Vis
f* external
s
1st
:
9 3'4
9¥a
10
247a
4
US
*2374
14
9%
US
Jf-N
_
-
1970
397a
1955
32
.1963
19%
25
r-
91 »■
91
80 Va
>
TW:
F-A
33.
25
3Vis series B
'
V
73
4
__
__
J-D
*74%
*70
80
-
.
67%
(Int reduced to
(Rep of)
957s
V A
f 6s
s
Ngt loan extl
102
MS
•
;
Stabilization
loan
s
A External
sink
102
32
~
;
(Int reduced
40
14 f
(Int
i A Rio
de
59
14%
17%
16
61
14% 1
17%
8
"l
1961
A-O
1574
1940
A-O
*9
1958
A-O
8
1947
A-O
21%
*16
reduced
J-J
J-J
1961
J-D
_2001
J-J
*23 Va
11
,rr
8
*31
17
5%
Stamped pursuant to jPlan A
(Int reduced to 2.375%)
_2001
AExternal
6Vis
sec
_1953
Stamped pursuant to Plan A
9%
1
7
2
6V4
—
9%
33
33
27
~
24%
—
IA 8s extl
loan
237a
4
23
2012
A 6s
external
sink
1946
2.5%)
fund
34
1
33
35
,1999
gold
1968
external
loan
of
2012
1926—__,1966
I Stanwed pursuant to Plan
<Inv.
reduced
to
(Int
reduced
(City of)
to
ASao Paulo (City)
*26 Va
24%
F-A
30¥b
30¥B
F-A
22%
23
3
27%
26%
28
A-O
35
2.25%)
:_2004
2.25%)
.2004
__1952
8s
,_1952
\
' (Int reduced to 2.375%)
A6y3s extl secured s f__
;
-
34%
2
A-O
25
26
j
j-..;
•
;
if
J-D
35
87
—
27%
J-D
U-N
*22
30
22;
~3
30
26%
30
22 %
30
J-D
23
J-D
'
23
*23
*24 7a
25%
Jf-N
if
!
■
ir!
A8s external
1
2001
M-N
.1957
Jf-N
"26%
30
U-N
347a
31
38%
25
"I
-'
20
9
30
23
23
22
28
31:
27
Tj
...
1999
J-J
*30 7B
dollar loan
29
*38 ¥4
J-J
*30%
1968
M-S
—
—
__
21
27
0
26.:
36
36
1
32
27
27
1
25 Va
A-O
86
86
1978
A-O
71
'■!
'
81%
91'%
ref
&
M
4s
ref 4s__
jASllesia- (Prov of) extl 7s___^__—1958
J-D
-*8%r
1958
1057
J-D
assented
Council 3.Vis
For footnotes see page
29
ser
D
1985
J-J
u
■
79 72
18
7074
81
82 7s
12
777*
86
95%
95%
21
88 ¥8
95%
82
-
J-J
_1951
J-J
1951
3%s—_195l
1st
95%
5
*99%
A-O
1961
234s ser I—:
1970
234s ser J—1—_1976
M-N
Corp—/
f.
Rochester
&
Pgh
827s
55%
56
5
102%
72%
10
86%
60¥a
50
19
27
102
103
F-A i
103
103
*102'
F-A
__
-
II
f
99
92
I
>
937a
86%
9
97
97
M-N
2
89 ¥4
*89
J-J
•
__
*9872
_M-S
957a
100-
Ry—
M-N
.211952
A-O
1st
100
88
101
82 Va
modified (interest at
to May 1 1947) due
:-1957
3%
Terminal
100
90%
A-O
»
99 Va
96
1
'
977a
967a
88¥e
J-J
.1—1954
Co 7s
(Ernesto)
88%
M-N
—1961
14
,
*83%
A-O
1960
July 1970
mtge 4%s ser A_
123:
94%
*101
M-N
1955
119
98%
*9874 100
M-Sr
___1967
series RR_„_
mtge 4s
98 V2
98 Vz
J-J
;
96%
10074
9674
*__
N-N
96%
8874
10074
—
*120% 121%
A-O
4s
28'
65%
64%
64%
92
14
106
106
1
91
A-O
,
68 Va
59
1007a
*1017a 102
92
J-J
102
88%
96
v".195..
107
99
103%
99%
102 ¥a
A-O
108
100¥a
J-J
113
13
111%
11474
A-O
107%
113% 113%
107% 107%
14
107 ¥b
109 ¥a
10872
109 ¥4
113%
National
Ry—
4%s;
19575s-_/-_—^001,1969
Guaranteed gold 5s_——_1970
Guaranteed gold 4%s'—1955
Guaranteed gold 4%s_!_
—^^_1956
gold
—
Guaranteed gold
v
a 4s
,
J-J
57B
12
<>:•/;
4
;:k,5
'''
:
:
—_
4%
<
3¥a
7
7,%
•
7»/4
3s
*75
79
13%
*6¥a
8
5
9%
*86 ¥8
90
85
90%
;"
10¥b
11%
44
68
7074
32
11%
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f
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it
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34
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v
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COMPANIES
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76
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t
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%
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1958
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18
—
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1960
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fund
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bond of
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of)—
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1952
■
39
High
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No.
High
*110
1946
extl 8s
(Republic)
39%
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Rica
High
Range Sine*
January 1
Sold
Bid & Asked
Low
70'/2
A-O
Mtge Bank 672s
SASinking fund 7s of 1926
:
Low
No.
Period
Bonds
Friday's
or
Last
Sale Price
Exchange
Slock
York
New
39
J-J
1970
Week's Range
Internet
BONDS
Range Since
January I
Sold
70 Va
-
i A Colombia
r
.
Friday 1
Bonds
»
SAUruguay
A-0
Jan 1961
A 6s of 1927
}
23
•
,
1928—
of
RANGE FOB.WEEK ENDED JULY
Week's Range
Last
Low
Colombia
Monday,! July 26, 1948
FINANCIAL - CHRONICLE
BOND iRECORD
YORK
:
BONDS
&
1. 36
*'
•
^
*'
36
100
13:
/
96%
36
*100¥e 100%:
102 3A
101V^ 1047a
¥4104'/
/Vv'v5-/ V> 29Va
/
"
96
"
39V4
1009/a
Volume 168
Number 4719
THE
COMMERCIAL
NEW
& FINANCIAL
YORK
RANGE JOB
BOND
WEEK ENDED
CHRONICLE
(36.7).
%1
RECORD
J.ULY
«3
•
X*X>XxXlX.X- X^X
Friday
;
.
B O N D St
.
New
York
\
:
•-
v-Intareat
..
Stock Exchange
XP-XX]:X-^;A-X:
Last
Period
'
Week's
or
Sale Price
Range
Friday's
Low
Chesapeake
'
&
Ref
&
4MeS---——-«s——~1992 1
MSI'
1996
1st a? .ref 4Vis series
F-A
1st &
ref mtge 3'/bS
at. ref mtge 2vis
at Eastern 111
'
m,tge inc conv
1st mtge. 3%s ser B
F-A
100%1003/4
111% 111%
1997
'
J-J
Chic
.1985
M-N
Gen
&
St
mtge
Sou
mtge 4 Vis
4Vis
inc
conv
at
Pac
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inc
ser
B
J-J
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78%,
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•45
39%
89 %
70 Vi
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68
58%
.
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106%
V
86% *
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9.7.%
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.
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Gas
at
Elec 3 Vis
Columbus
at
Sou
Ohio
at
Tol
1st
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s
i<$%
101
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l07%;
c
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:
107
97
59%
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100
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101%
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1
;
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ft
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A
Deposit
1st
3
r_.
108'A
Extended
A
y
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Purchased
.
A7V2s
A 6s
102%
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95'A
40-year
1st 5s A
J-J
100%
__1952
1946
1946
mortgage 3s
Union Ry 3'As
15
109
Co
8c
2%s
2%s
99
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.
:
38
38
12
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85
33
33
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35
35
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36
B
J-J
98'A
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1965
—
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;
lines
8c
101
m-n
96'A
.
.
94
M-N
1993
M-N
2042
M-N
*85%
4-6s;
_May
1
Delaware. Power
& Light 3s
Ist mtge >&; CQll tr 3Va.A-._
1973
——197?
Denver & Rio Grande West RR—
n
1st mtge ser A (3%
fixed
V
trust
gold 4s
101'A
T%
Detroit
(3,fe fixjed.
'contingent ;,int):______
Edison
Gen
&
&
ref
3%s series G
ref 3s
Gen
series
*
'
A-O
'
98%
-1—
J-D
_
J-J
'
'
...
98
101'/a
96
102
55%
1993
96'A
•
J-J
^/'i
(
90
65
1951:
M-S
——
J-D
37%
A 1st
5s
A 1st
see
102
--
99%
15
.,
102%
102%
77
•
104.'/«
.
>1 -r'r- ;
'
•
—
v
108%
•
-
;/4^'
«
I
97
89%
104'A
100
.
99'A
J\l
103
95 %
100
97
100
97
—
*100% 101
J-J
105'A
101%
95
3
64
104'A
103%
98
98%
2^
86
^1
+-*>
101%
*100'A
.v';
102% 102%
102%
*100%
a
.-:fi I
■
_2:v;
102
102%
101
--i-
;•
101
J-D
90
97Va
J-J
.
1950
98%
*83
100%.
••'
m~r+
series A
62 Va
65
A-O
36
37'A
J-J
60%
60%
J-J
62 Va
62'/a
A-O
65%
4
90
J-J
AAdjustment 6s series. A
;
series
.
July 1952
B
I
66
95
100
100%
93%
88'A
101
102
.
1986
—1952
-
l'A
1
100% 101
*85'A
8
77',:
'■
'
•
100% 100%
J-J
88%
35
84%
J-D
•
222
90
89
J-D
.
—1970
97%
J-D
1963
V>v
»
.1956
v
1956
.
.1944
1972
M-N
.
*99.
85'A
76
52%
67%
20
43%
149
9 / /
•48%
85%
63'/4
5
63
60
67
w
101
50
40
99
102
■
99%
103'A
103%
103 Va
100
1Q2
89
95
'
•
'.1
"l
67
.
""
I
80%
54
54%
101
James Prankl 8c
Clear
1st 4si_?
_195ft
J-D
80'/a
81%
75%
83
Lt 27/aS____1976
M-B
98'A
98%
95%
99%
'Kanawha & Mich 1st gtd gold 4s__1990
Kansas City Power & Light- 2%s__1976
Kansas City Southern Ry 1st 3s
1950
A-O
*._'
J-D
a
A-O
102
102
A-O
103
103'A
A-O
*97% 100'A
Jersey. Central Pow
96%
r
&
88 %
68
65%
103
-I
..
92%
ser
A—_^.__^___^._i.1975(
A; % K
68%
4V2S
*96'A
*65%
106
F-A
66'/a
82%
4
107%
110%
27
•
102%
•
106
96
78
.' 68%
tv
70%
106
"
;__
10
-
VAyV h
<
v
*84%
87 '/a '
.
...
:i-
XX
97%
;
v.,
;;
97%
98
435
46
45
46
34
v.
—
98»A
98%
•
M-N
J-J
*11
96%
104%
97
49%
J-J
*98
JS
"
98
100%
103
100'A
U0'4 114%
J-J
—1961
12
58'A
96
I Koppers Co 1st
mtge 3s__
lAKreuger 8c Toll 5s ctfs^
44
112 Va 112'/a
98%
97 "
J-J
97
112%
;
A-O
*175
A-O
*101% 102%
176
169
—
112%
98
97
97
75
1959
M-S
debs__1963
M-S
111% 111%
*—
156
Vi
v
86
Laclede Gas
98%
49'/a
Lake Sh
3'/2S
.
&
Light 4y2S
Mich Sou
conv
gold 3%s_l—1997
A 1st
mtge income
J-D
197ft
:5s_—__,_1965
A-O
105% 105%
17
^__^_1965
A-O
105% 105%
1
156%
10538
102
101% 106%
100
''
1
105%
5s
5s
■^r
fc
5s
103'A
1
1%
;
•
102
IIIV2
21
89
87
89%
97
97
82%
90
14
V...
,
88'A
1
96
83%
S3
90
97
98
'
,
A-O
97
-
' .,1
■
"
1954
—:
.
89
i-;
51
109'A
96
,
;
3%8 ser A-v,—«l^*-.-1970 J
stamped
Stamped 'a
stamped
107
D—
r
reg_—T
Lehigh Valley Coal Co^—
112%,
156%
108 %
J-D
__1997
registered
Lautaro Nitrate Co Ltd-:-
100%
110
6
1
99%
:
61
98'A
'
68
106%
96%
••38
--.--1964
98%
t
111%
94%
98'/a
102
104'A
97
'
M-S
J- j^r
*
unguaranteed
95
qq
J-J
•.:j?iaiu;:ir:-llll^lll^^4A-.-lI-Il96L•'
■,
14
105% 105%
page 29.
1974
11987
1Kentucky &'Indiana Te^m i'/as—l 1961
Stamped
.1
1—1—
1961
41
108'A 108'A-
'-*73%
1937
______1977
1st mtge 4s
'Kans%s City Terminal Ry 2%s_;
**" '
"V
M-S
84
J-J
F-A
1963:
gold 5s series C
?
102% 103'A
'
ye.
J-J:
East Tenn Va & Ga Div 1st 5s___>1956
(NY) TSt cons gold 5s
^.1995
Elgin Joliet & East Ry 3 ViS^____1970
For footnotes
105% 106
•
■
tlnternational Great Northern RR—
A 1st 6s
31
80'A/80%
.«
102%
1961
•Ed El 111
_l
191'A 102'A
F-A
F-A
1963
1st ^ef mtge 4s. ser D_^
Iljinpis TerminaA Ry 4s ser Ar-_
(k
Paso & S'western 1st
M-N
f
100%
-'rff."
103'A 103'A
101'A 101'A
1951
Lehigh Coal 8c Navigation Co—
5s stamped J__
103%
vvVoS
J-ViiuM wipfJr. y.
"101% 102%, I
M-N
—
37
11
•;
J-D
Vis_^__J_1961
;t§ ADul So Shore 8c Atl gold 5s
El
A-O
70
.
J-J
Kings County El L & P :6s_L——1.1997
80 % '
•
M-s
1982
debs
Duquesne . Light - Cd 2%s
*.^i
-
*99.%
36%
103'A
-
-
104%
68%
1970
I__
RR 2%s ser B__1976
2.35s
Jf-B
*99% 104
34 %
vi::
•
*102'A
33%
96
102'A
"100% 101%
F-A
Indiana 111 & Iowa 1st gold 4s
Jndianapolis Union Ry Co— " "
Ref & Imp 2V2S ser C_
94%
50
~2
s
65
_
92%
Apr
'
Chemical
*101
J-J
1
100
93
m
-
M-N
Det Tol & Ironton
v
102'/a
7
102.%.,
J-J
32'A
•
10I
20
98
102-%
gold 3%A_1953
Omaha Div 1st; gold 3a-_——__1951.-'
42%
*101% 103:
.
J-D
Do.w
29'A
97%
.
J-J
Kentucky Centfial gold 4s__f__-.
I
-"i/
■
Detroit Term
Tunnel-4
68
17%
*104%
84
33
103%
64%
64%
,
,
Detroit & Mack 1st lien gold 4s_._1995
a Second
gold 4s_____^,
a
l"5
<Se
67%
*100
2
66%
-
__1966
series H
2%s
97%
-A-O
1953
1st & ref 4 %s series C
;
.Income mtge
'V.
63%
'27,.
25
J-J
1966
Cent and Chic. St L & N O—
.Joint 1st ref 5s series Aj,_
,
1%" contingent int)TA—,—--,1993
AIncome^mtge ser A (4%% ,.
contingent'-' int)
»_2018
Dtenvej? & Salt Lake-r- %
■ i-X'-r
•
62'A
98
96
111
;
110%
'
;
94%
104% 105%;
v.:;
1958
4%s____
37%
—
65
Essex division ""
Tr
.IS:.
3 % s__;««^--^_1952
80'A
1
1973
,
Coll
97 %;
•
1st & ref M 5s ser. C__
AIncome mtge due
Morris
80
88
M-N
.
11
-.
A-O
Co—
div
-
96%
100
88
%r
'i
—
J-D
1965
Western
&
V2
"
A-O
Delaware 8c Hudson 4s extended—1963
N
62
J-D ;
^1951^,..
1952-
Div. 1st gold;3.%s
Western. Lines. 1st gold 4s__.
'
1
'£•
!—
Springfield
103%
100'/a
4
94
sterling
Registered
106
33
50
1975
debs
Delaware, Lack & West RR
I0t%v
f
96%
94%
119'Af 127%
'
95'A
J-J
99
97
13
50
1978
ser
23
€8%
•
.
104'A 104'A
J-D
98 '/a
101%
453
*92
50
.
Deere
9.4%
M-M
^1951
i
Int. Rys Cent Amer 1st 5s B
Dayton
100%
125
St; Louis Div & .Term gold: 38
1961:
:
Gold
3%Sj_ —_>:i.l95l -1
107%
94%
11
J-D
_
104%
92%
93'/a
3%si
,|AInternat Hydro-Elec deb. 6s__
1st
64
11%.
102%
6'%
96-%. 96%.
J-D
1957
Vk95
125..
Bridge gold 4s
1950
Litchfield Div 1st gold 3s__——1951
Louisville Div& Term
•
104 '/a
95
95%
102'A
98%
J-D
1st mtge
J-J
Cairo
1Q7 '
105'/a
12
108
M-N
deposit rcts^
Dayton Pr 8c Lf
95%;
63
101
95
Jf-»-
IRefundlng
lOl'/z
'
-■
102
J-D
receipts
A
-•«
101'A 101'A
1966
B deposit rcts.___.__
ser
ser
82
ai5%
'
98
92%,
74
9'A
*100
trusts gold 4s
Collateral
104 '/a
2A
84%
168%
1942,
5 Vis
receipts
Deposit
..
B__7
gold
k
162
107
7
97%
1st
i-'lst gold 3s
101V4
—
93 Va
*—
M-S
__1965
Vis
A.Cuba RR 1st 5s gold
'
64
99%
88
82 7%
102.% Wm
Telep 2%s series A—1981
1st mtge 3s series B__u____U__ri978
Illinois Central Rty— - - t
1st gold 4si__i;
w__ _I_„_1951
4
1st gold-3'/a s
1951
105',"108%
J-J
1st
Ry
94
8%
Illinois. Bell
1
101%
100%
98
J-D
mtge 21/8S___1975
mtge
;
'25%
98%
''42^
25
105% 106%
A-O
1972
Baking 3s debs
Crucible
{
F-A
96% 104%
-
104'A
A-O
Gas
1st
r.
—
!___
—
Hudson 8c Manhattan
Si!
101% 101%
F-A
2%s____1968
Natural
/
90
98 V*
.
*93'A 95
79% 79'%
93'% 93 Va
64
64
93%
1
^
__
F-A
M-N
Power
97,%
,
94
&A<J| hacoma.
101
104
106%
*109%
J-D
Consolidated
i
98
123%.
117;%.,
98
Collateral
53
J-J
1963
•
debentures
Consumers
B
:
2000
_1982
113 " *
116
110
92'%jl00,
56% 66%
% >4< V~ ft*t v;; 100'%'. 106 %
1951'
1972
D.
t
109'%
129
117^117%'
J-J
101% 101%
;>y95V
-
.
1977
_.1961
at
series
c'tfs
*122
106
103% 104%
100% ":i=
*104
M-S
3s
/
iliVgiii%,
'
..
V-
103
f
101V4101%
A-O
ref
,
?
99
..V
"
51 %
100
*100 ,'/4
1982
conv
r_I
_1_
lli%
r
1973
Bouaehold; Pinanpa Corp 2%s;
;_1970
Hudson. Coal 1st; s. f 5s series1 A—1962
Hudson Co- Gas Ml gold 5p__,'_,__1949.
-
7ft
:
102% 103 Vi- t
•
M-S
1977
3s
<,1952
.
Hackerisack Water 1st mtg* 2%a__197ft
Becking V.alley Ry 1st 4%a.-~ -..1.1999
77%
100%
106 V8 106
F-A
ref mtge 23/4S ser A
at ref mtge 2^8s ser B—
8c ref mtge 23As ser C
1st
101
1^ ^WCtgage
99%
68
-
65;i,r;:-:
101;.
A-O
1st
1st
86
97%
*98% 100
,
109-
97
-
.74% V-
107;%, 103%
106 Va
A-O
1st at
>
mtge 2%s_1960
81%
78
;97.%-100>4
82
tQ3^i;m%.
;
M-S
Consolidated Cigar Corp 3 'A,5—1965.
Consoljdated Edison of Ne.w York—
,
103-
103
.
(
ser A.,.
July 201ft
ref 3%a series D*.,—-,-1969;
Gen mtge Inc 4s" ser B—
Ja» 2044
Gulf; Stages Util TSt M 2%a„:
—1976
105%
iq2
5101%,._A,.
M-N
1970
f 3%s A__
—
84%
83%
1st &
103
*100as2
4-tO
—1955
mtge-3s series L—v—
Ry at L 1st 8c ref 4 Vis
River Pwr-
"1 *102
—
Gen m.tge inc ,$s
r
.
Conn
1st
let & ref 4s series
•.
Commonwealth Edison Co—r
Conn
;;
f
.
Greyhound, Corp 3p debs.
—^^1959
Gulf Mobile & Ohio RR— ~
" "
106%
99% 102 Va
;r ;3lf;
r
91 *
•;
9
T103^\ ' I
103,
103%
■
F-A
1980
4s
'
'
7;:- V ^62%
^
•
Tft
,.-;91%\:9a%;;'-.:%
'"v 103%
1971
debs
3Vis
extl
102.
.I'-
96
:
'
4-0.
3,Vis debentures
1973
Columbus & H V 1st extl.gold 4s__ 1948
Columbus
V
M-N
•
___1972
(stamped modified)—;
Columbia
r
Gen mtge 2%s ser Q__n—
,2010
Gen. mtge 2'As ser R_——
AGreem Bay & west deb oWa; Afe=.w4---; .:
A Debentures
•
Oft 1st mtge 5s series B___
1973'
V A-O
,;;>lsfc mtge. 4Vis seriea''C^2^>..i,4L977;. .-A-O-i
.'Colorado 61 Southern Ry—
'f
Co
,-1976
Gen m.tge 3'/as ser N__„1990.
Gen fnjtge 3'/as, ser O
.*
100%
100
■
^J-J
Cleye Short Line Ist gttL
AV^s^.^lseiCleveland' HnioncTerminajs C.o-r:' ^
1st
66
62
102'% 105
,
^Series /D'3 Vis'gtd—^^i.i_^,j^_t95a
'
.
-r.
s
M-N
J—-^1970^,.
Series C 3%» gtd__,
96
*100%
; 73
6V,;
74%
J-J
,;^lat mmtga^e; 3^';—_J-D
Cleveland 6i -Pittsburgh RR-A
/ X:^S *X:X
;
102%
50%
,
*80%;
/-
.J-D
;
P)
(B
General 5s series C
General, 4%s series D
: \ - 9»:t
\Ql3/+
9,7;%.::,-.- '
jl-i , 8i-%; .93
V
J_ ■' 'V- ;
v- -7^v
.
*93
/ J-D
1991
—
;i'- ; >
*106,
vi.;',:
*100,%. 101%.
••
v"
lA>nis JDiv^st ^o)1 trust. 4ft--,1990
/;
104
100
60
103% 103'%
1969
General 5%s series B___•
.
105
-
33/;
J-D
—.1993
Wah, & MlQh' Div
102
102
5.9,%
II
of Berg Co cons 5a.—.1949
8c Utilities Corp—
inc debs.
Gen mtge 2%s ser P
100
8
,104%^l65^;
?
i
'104%
;'-;r;Ref & irjipfc4%S'3eries.JK-V_-»V1977;" """'J-J
Cin
Goodrich
.87%
100
;
—
V
.
.-A—
J-D
1993
.
VI'.
A-O
.
71%
151
•
^^.lstjhtge'2%s:,^r!G^.^^4Xi.i-1974'-'v'
78 %.
84
101.'A 107%,
197
'
,
*7.4,%f 76,%
*
:'i
'.]£-$'■
;
86%- ":
;
101
J-J
General-'5s "secies'
102%. 103 %
.1 ••
59
'
/
D__.i.i_.vi96;ij
101
..
85
I'~ J-J'I
1952
'
97
85%
J-J
.
96%
Great Northern Ry Co—
104% 104%
•
61^
58'/^
83
*
-
105% 106%
•
—
General' gold \4s*-—;
86'/a
100
Realty
A 4s conv
"
*94
•
74%
53%
67%l >
& Elec
General
65%
58%
66 Vi
J-D
^ 1st mtge 27/as ser G-__—_1963
70%
5.6,%
j-j
1951
1966
•'
96%
100
io«
v
;•>
__
60
:X?x
99% 106
64%
'
'
11999
103'A
A 1st '& ref 5s series A__.___—1__1974
Gas
104% 104%
Apr
.
City, Ice at Fueli2%s deb$___
78
;■
}r
92 Va
J-J
Chi# 6c, West'n Indiana
cony 49-
86%
55 V*
5
-
-
92%
•
'•
94
81
66%
;
—1951
J.D
Memphis Div 1st gold 4s__._l___1951
J-D
Chic'Terre Haute at S'eastern
Ry—- •
•
I'lst.as ref M ■2%-4IA8_«.^.',..Ii994 <*£ J-J,
Income 2%-4 %%.-—.1994
J-J
-
73%
93
3'VV
80
13
Apr
I
102
'
•
of depopi^-^,---Francisco Sugar coll trust 6a——1956
64%
54%-
Gold 3%s_—
,•
High
64
•
A Certif icates,
64 Vi
92%
.
Chicago.y.A.lori .^Jtatlon—
Low
38
v.
X"V«; villi'.'
Tire & Rub 3s deb___r__1961
^Florida East Coast 1st 4%s
1959
90
52%
6c New Orleans 5s
72
*93
__
Pirestone
120
79
J-J
_„^i989
'MM ty.W AYf.A'.ser.ies
111
84
*65
at Pacific. Ry—
i-lst mtge 4s serips.
A,,.-—X.v__uJ.1994.:j-J':-.
Gten mtgt con« A Vis ser A:.
Jan, 2019, •
-
119
"J-J
Chicago Rock Island
Chicago St L
50
80;
J-J
Jan 1 2044
Chicago at North Western Ry—
; 2Ad mtgfc coni Inc 4%st>~.-J[a$
A-O
.
99
84
_1994
...
—
100.3/4
119
J-J
A__Jan 12019
ser
34
78%
RR—
ser A_.__
82
' :V '•
,.1956
50-year 4s
Paul
4s
J-J
cons mtge 3'%s ser F—_____1990
1st cqds mtge 3'As ser G
2000
1st cons mtge 2s ser H
—1953
Ohio Div/1st mtge 3 Vis
—1971
.
:
mtge 4s inc ser AL____Jan 1983
mtge 4%sinc ser A
—Jan 2003
Milw
1st
93
91
7.1%
49
70%
January 1
No.
ls^
"
Bint* Sine*
Bold
High
109% 112
16
'
Bond*
Low
112.
3
97% "
47%
$
.
Chicago Ind
V"iv;
'
96%
Friday'*
or
Bid &. Asked
Co—
mtge inc 4%s ser ^___Jan 2010
1st cons mtge 3.%s ser E1—.
,--3,964
104%
108
Railroad
Week's Rang*
Last
Sale Price
.viX-X-4(x--'-* 'A-X/u'- X::■Xv-lX-X
.
Gen
109% iioy2
2
"
■
Parted
^
.
Chicago, at Erie 1st gold 5S:
1982
Chicago Gt West 1st 4s series A___1988
AGen.iric mtge 4%s
.—Jan 1 2038
Chicago Ind & Louisville Ry—
A 1st
,
:
101 % 106 0
115
117 %.
3
110% 110%
,v;' P-A
'
5s
100
:
.109%109<IV
JrJ
P-A
1985
-
•
J-J
;
4
14
Intern*
BONDS
[. He* York stack ■ E|cha9|ft ;
j
'V-O-ViV
;_„.„^__1970
RR—
AGen
A 2d
High
121:; 130%..
'
100% 100%"
101 % 102>
.117% 117%..
101 vi
j-j
•
v
.1977
Chicago
1
Low
127 v;-
M-N
1996
1st cons
gold, 4s____19§9
2d consol gold* 4s_____:_V——1989
Chicago Burlington & Quincy RR—
General 4sV-V
«..._;A«.V
..1958
1st
No.
-:X
Erie
impt mtge 3%s D_,
impt M 3%s series, E:
R & A' Div
1
High
■X
Range Sine*
January 1
Sold
OhJo.'Ry—
&
G«neral! gold
Ref
Friday
Bond*
Bid Si Asked
;>%#■':
1964
F-A
.
.
,
—-.1974 A
Lehigh Val Harbor Ternj gtd 5s—1954
Lehigh Valley Ry Co NY 4%a Mt-195®
F-A
y
100
;t
w
»
93%
68'/a
73'A
74 '
.V,;:
95,
j,
.
100
95
94
69
J-J
-
n
93%,
F-A
.V_,>
XXySxM-:''
*9.3% 100
F-A
82%
71%
1^.
10
75
28'
THE
(368)
NEW
BOND
YORK
Friday
BOND8
'
New York Stock Exchange
Lut
.
Period
Friday's
or
Bolt Price
4s
,'
registered
2003
2003
2003
2003
-
4Vis stamped modified
4'/2S registered
5s stamped modified
2003
Lehigh Valley Terminal Ry ext 5s_1951
Lexington & Eastern Ry 1st 5s
-1965
Liggett & Myers Tobacco 5s
1951
Little Miami gen 4s series A
1963
A Lombard
4s
ref
3s
Co deb
(P)
5s
debentures
Louisville
1st
&
'; lst & ref
M
38
47
73%
Af-N
74
99%
109
111%
A-O
107
18
34
101 35a
Ref Si
102 Va
10011
102
109%
21
109
110 %
101% 102%
14
101
m-a
108 >/4
__
7
105% 106
A-O
Maine Central RR 4Vs s ser A
1960
1954
& Co 2%s debs
Manati Sugar 4s sink fund—Feb 11957
AManila RR (Southern Lines) 4s
1959
May Dept Stores 2%s debs
1972
Mead Corp
1st mtge- 3s
.........1966
Metropolitan Edison 1st mtge 2%s_1974
Metrop Wat Sew & Drain 5%s_~_1950
Michigan Central—
;
Jack Laris Ss Sag 3 Vis
,
—.1951
1st gold 3%S
Ref & impt 4 Vis series C
Michigan Cons Gas
1st
1952
1
109%
100%
1979
Minn
St Paul
1st mtge
& Sault
4Vis inc
Ste
Af-N
*102%
87
series
87 Vi
105%
Af-S
*57
A Cum
96
Constr M
1st
4 Vis
66
J-D
76%
3Vis debentures
J-3
79
79
81
16
71%
84%
Paterson & Passaic G & E cons 58-1949
12
61
69i/i
Pennsylvania-Central
89
Pennsylvania
50i/a
Af-S
84 J/8
82%
84%
201
71%
89J/8
1st
.1978
M-N
83%
82%
84'A
3s
1949
Af-N
27%
26
28
1958
88%
181/4
84
89
84Vi
65
841/2
134
71%
89
64%
8
61 J/4
68
J-D
57%
58 Vi
M-N
78
71%
M-N
Af-N
A-O
71
,
V
Vi
72.
92%
92%
_—1970
1954
5s
4 Vis
83%
64%
Gen
60%
68 Vi
75
fr
5
931/2
88%
102%
98 Vi
V
100%
102%
20
102
102%
29
102%
105
J-D
102%
102
104
103% 104
Af-N
97%
22
97%
100%
*100% 102
I
1
J-D
102% 102%
2
102%
105%
Af-N
—1986
1974
,
99 Vi
116% 117
10
115%
99% 100
3
99%
102
100%
*100% 102%
Af-a
102%
101
98
99
99
3-3
107%
1953
INew Orleans Texas & Mexico Ry—
3-J
103% 103%
100%
104
1934
F^A
91
22
78%
A-O
49
85
84%
96%
1998
r-A
66
64%
66%
118
63
70%
12013
A-O
71%
70%
72
165
66%
76
-2013
A-O
78%
78
78%
93
74%
84
& Hudson River'RR—
1997
3-J
Lake Shore
1998
coll gold 3 Vis
registered'
Mich Cent
&
West
r-A
t
4s
»_«,
series
1986
A-O
89
89
89
1975
A-O
89%
89%
1
F-A
991/4
99%
13
3-J
99Vi
3-J
Af-N
•—
—
*102
97'/a
90%
101
't"
98
100
97
100.
1
8
70%
'
70%
45%
—
25
76%
.1954
IAN Y Ont Si West ref 4s
A
General
June 1992
4s
1«J55
N Y Power Si Light
N Y & Putnam
1st mtge 2%s„1975
65%
501
60%
A-O
1977
"9%
31
Y Steam Corp 1st 3 Vis
1963
IN Y Susquehanna & Western RR—
list refunding 5s__
1937
3-J
gtd 4s
N Y State Elec & Gas 2%s
N
N.Y Telephone 23/4S
Ref
footnotes
see
112
5%
27
96%
66 Va
66%
9
66%
<■
—
ser
page
A-O
58
97%
100%
99%
99%**'
89
99%
J-3
89
5
78%
2
89%
68
23
14 Vi
25%
1960
ext
4s
A-O
66%
66%
1990
1974
Apr
18%
20
F-A
1980
jr-a
series
5s
1974
*104
99%
3-J
.
13
99%
99
103%
99
7
97
105
107%
32
52%
38
30
40
F-A
23
23
12%
29
Af-N
73%
78%
95%
3-J
103%
33
105%
991/4
1971
1967
3-D
99
99
U-H
99%
1974
U-H
&
ref
2%s
1981
3-D
Si
ref
2Vis
mtge 5s series B
mtge 3%s series E
—1975
1975
3%s_1964
100%
98%
102
87%
100
99%
10%
98%
*97
*•«*
98
27
23
98%
98%
99%
3-D
«•»«
12%
14
*11
—
101%
M
99%
2
12%
mtm
..
11%
101
101%
95
mm
3-D
*102
mm
r-A
—
8li
99%
101%
13%
•
11%
..
100%
102
10
94%
97
mm
101%
103
•»—
2
102
106%
110%
106% 106%
r-A
r-A
u-u
109
113
111
6
103
110%
10
103
110%
*113
*107
109 Vi 109%
3-D
109% 109%
A-O
87%
A-O
88%
8
84%
101
*101
U-H
Pittsburgh Consolidation Coal—
3Vis debentures..!^...
—.1988
Pittsburgh Steel 1st mtge 4 Vis..—.1950
Pittsburgh Jk West Virginia Ry—
1st mtge 4%s series A—
1958
1st mtge 4 Vis series B
1959
1st mtge 4Vis series C
—1960
97 v,
54
*102
106%
U-U
95
108%
-,,14
99% 100
ref 2%s
110
104%
3-J
103
A-O
3-D
*89%
103
79%
90
1
81%
89%
26
79Vi
90
..
89%
89%
A-O
89%
90
88%
103%
102% 103%
100 Vi 103%
101% 102%
A-O
;
Ashtabula Ry—
1963
1974
4%s series D
1977
Pitts Youngstown &
1st gen 5s
1st gen 5s
1st gen
series B
series C
118
r-A
3-D
1964
100%
J-3
3%»—1966
1st mortgage 3%s
1977
1st mortgage 3s
1983
tAProvidence Terminal 4s
1956
Public Service Elec & Gas 3y«s
1968
1st & ref mtge 3s
1972
1st & ref mtge 5s
2037
3-J
APlttston Co
Potomac Elec
5Vis
Pwr
lnc deb
1st mtge
1st A ref mtge 88......
117
3-D
99% 101%
100% 100%
105% 105%
105
106 Va
r-A
*99
J-3
II
Jf-8
*92
90
100
90
*107% 108%
3-3
105 Va
108%
105 y*
3-J
*_,
103
*142%
103
142
145
2037
J-D
*210
220
210
215
.1964
3-J
U-U
—
.
99%
99%
90
78
95%
103% 103%
/ 5
18
98%
99%
90
100%
IV*
48
*76%
105
--
105
118
115
115
*108%
105%
3-3
R
68%
*__
r-A
89%
106
103
*114
r-A
1977
1961
B
98%
60%
F-A
J-J
1978
29.
103%
1952
Reading Co 1st & ref 3%s ser
Revere
Copper & Brass 3 Vis
Gas & Elec Corp—
D—199B
1960
U-U
1977
1967
1967
1960
1949
1941
u-a
U-U
93%
103%
98%
105
mtge 4Vis series D
mtge 3%s series H
Gen mtge 3%s series I
Gen mtge 3 Vis series J
lARut-Canadian 4s stamped
IIARutland RR 4%s stamped
Gen
Gen
■/
u-a
83%
101
*102% 103%
Rochester
1982
D
94
13 V*
97
24
97
IO51/2 106 Vi
7%
3
95%
1943
mtge 3 Vis ser E_e.
For
9%
*94Vi
1940
§ A General gold
lATerminal 1st gold 5s
31
101%
,_1937
§A2d gold 4 ViS—
100% 101%
51%
98%
5Vi
—
J-3
cons
103%
J-3
101%
75%
1,122
83
J-D
1993
1st
94
1984
Quaker Oats 2%s deb.
Af-S
46
83%
73%
48J/4
34%
82%
*101%
Af-N
M-fl
101%
85
265
84%
t A Harlem River & Port Chester—
1st 4s ——J
101
ref 2%s
Gen
77
48'A
A-2022
96%
77
73%
2007
ser
82%
99%
3-J
inc 4Vis
.
..
77
May
4s ser A
-
91
99%
83
conv
64
91
81%
4
99
...
77
A-O
mtge
57%
17
96,
Af-N
ref
~6
62%
96%
1973
101%
3-3
68
J-D
2043
111%
A-O
r-A
65%
60
64
60%
1973
&
69%
62
62%
1980
„
A
4Vis series B
1st
62
20
66
62
IN Y New Haven & Hartford RR—
§ACollateral trust 6s
1940
AGen mtge
20
64%
*62
'
Af-N
111%
3-D
1981
.
82%
16
96%
2000
series B_,
&
62%
2043
-Mtge 4s series A
Lack
76
81
—1951
N Y Dock 1st gold 4s_—
N Y 6s Harlem gold 3 Vis,
Y
88%
86%
St Louis—
Ref mtge 3 Vis ser E
1st mtge 3s ser F
N Y Connecting RR 2%s ser B
Mtge 4s
66
r-A
r-A
1998
Chicago
r-A
1998
registered
79%
129
86
81
86%
1998
coll gold 3Vis
D
Plttsb Coke Sc Chem 1st mtge
«
3-J
4s
107%
104%
1968
B
series
99%
23
104
110% 111%
&
Gen
97%
1997
series
117
112
12
157
105%
1978
92%
96
General mtge 3Vis
3 Vis registered
N
90%
95
_
impt 4lis series A
York
93%
1954
Ref & impt 5s series C
3 Vis
28
94%
92%
80
3
92%
89%
New York Central RR Co—
Cons 4s series A
New
92%
92%
M
1956
ACertificates of deposit
5V2S series A
3Vis
80%
73
94
92%
A 1st
&
92%
A-O
1956
deposit
ACertificates of deposit
A 1st 4Vis series D
Ref
J 81
84%
B
A 1st 5s series C
100'/a
105%
115%
J-D
IIAPhlllppine Ry 1st s f 4s
1937
ACertificates of
deposit-.—.,..,,
Phillips Petroleum 2%s debs
1964
Pittsburg Bessemer & L Erie 2%s__1990
Pgh Cine Chic & St Louis Ry—
Cons gtd 3Vis series E
1940
Cons gtd 4s series P, ..—.,...,.,.,1953
Cons gtd 4s series G
1957
Cons gtd 4s series H
1960
Cons gtd 4Vis series I
1963
Cons gtd 4Vis series J
1964
Pgh Cine Chic Sc St Louis RR—
Gen mtge 5s series A
1970
118%
102%
New Orleans Term 1st
gtd 4s
103%
101%
115 Vi 115%
F-A
1965
&
/-■ 1st
r-A
—1983
103 Vi
97Vi
99
1st
102%
A-O
*97%
1st
100%
io«fl
A-O
49
106%
98%
—
53
99% 100%
1st
101
~i
—1961
102%
*103%
99%
104
1021/4
35%
37
*102% 103%
Jr-a
.I960
Philadelphia Electric Co—
1st & ref 2%s
/
99
97
15
98
*104% 107%
N Y Central
—
44%
42%
44
A-O
A-O
A
General gold 4%s series C
Philadelphia Co coll tr 4%s
91%
98%
98%
A-O
97%
#.?«. '
84%
3
91
91
100% 100%
/
deposit
104
101%
__
—
Phila Bait & Wash RR Co-
J-3
ACertificates of
106%
*104%
,,-1978
Apr
Peoria & Pekin Union Ry 5%s
Pere Marquette Ry 3%s ser D
General
J-D
series
& Eastern
A income
J-D
4 Vis series A
of
102%
*101%
J-D
mtge 3 Vie series F——1985
Peoria
104
Northeastern RR—
series
37
3-3
1960
mtge 4Vis series E
deb
3%s
Gen
1952
......
Conv
,
4
4Vis
General
1952
5s
-1952
3%s
debentures—
General
54%
51
f
s
102 V*
—_1948
5s
Jersey Power & Light 3s
Orleans Great Nor 5s A
Certificates
103%
103
u-a
1965
Sand
mtge 3b————,.
General
14
102% 103
..
Glass
Pennsylvania RR—
Cons
sinking fund 4%8
38
1
79Vi
1st mtge 3s___1965
debs
1967
Tel & Tel 5s A
& Imp
104%
Co—
104
99%
*99 J/2 102
— w>
1955
1955
Id 1/0
3
102% 102%
r-A
M-N
2000
Orleans
98%
34
100 Vi
30%
71%
82 li
M-S
,1966
72
37
64 Vi
r-A
1991
Supply 2%s
&
mm
3Vis conv lnc
Pennsylvania
512
82%
A-O
1981
New
103%
94%
100% 101%
A-O
Af-8
91%
7
Pennsylvania Power & Light Co—
71%
80
96%
16
Airlines—
71%
61 Vi
47
Gtd 4s series E trust ctfs
New
A
1955
4%s
30 Vi
N J Junction RR gtd 1st 4s_
A 1st
f gold
s
23
1st gtd 4Vis series B—
Ref
debentures,,^.—1987}'
1978
764
ANaugatuck RR 1st gold 4s__
New
95%
3Vis
45 Vi
A
—
94
95
79
8414
debentures
debentures
93
57%
3-D
3s
99%
3-D
A-O
68 Vi
National Dairy Products 2%s debs_1970
New England
98
3-D
97
491/2
1977
cons
103
4
3r
2%s debs
43%
1978
Gas
103
99%
98%
32
r-A
Consol
99%
7
98 Vi
77
1st
13
94 y*
1980
debentures
& LI
103%
19
100% 101
101
101
1986
Tel
&
100
100% 101%
1
51 Vi
Tel
2%s
104 %
96%
75%
93'/a
104
100
3
1985
ref 2%s series Q
1st &
108%
100 Ya
"4
96%
49 Vi
Nashville Chattanooga & St Louis—
1st mtge 3s ser B
—1988
Newark
106
*106
J-D
50%
1980
97%
105
J-D
87%
101%
82%
I
98%
1981
45%
.
102
1977
ref 2%s series P
83%
series B._,
Corp
93 Vi
103%
3-D
1st &
N
3s
10
56
J-D
L.
jf-a
3Vis debentures
National
96
1979
series
3s
r-A
Mountain States Tel & Tel 2%s.—1986
National Steel
95%
103% 104
..1974
ref
70
gtd 3 Vis
series
95%
103%
93%
101% 102
75%
gtd gold 4s
Monongahela Ry 3'/4s series B
Morrell (John) & Co 3s debs
5s
r-A
A-O
98%
24
101% 101%
1st & ref 3s series M
1st & ref 3s series N
-
—
87
2
16%
8
96
1st &
106%
98%
126
99
10
17
15%
15%
J-D
70
gold 5s series H
Essex
99
96%
95
95
3-D
51
67 li
95%
95%
J-D
87>/a
J-3
97%
-1971
72
Moh'k & Malone 1st
&
104 7/b
98%
96%
—1970
66
AConv gold 5Vis ser A
ref
99%
96 %
101%
*„
1st Si ref 3s series K.
series J.
1975
1st & ref 5s series
100%
Electric Co—
&
1963
5s series G
100
92%
1007/s 101
u-a
A-O
_1986
__
——
•
J-3
87%
Co—■
A 1st & ref
Constr M
Gas
74%
5s series F
Morris
..
96%
A-O
66
5s series A
& ref
A
r-A
A-O
A-O
A General 4s
A 1st &
1974
1975
1st & ref 3s
96
58 Vi
104%
—1977
1
J-3
1
92
15
104%
~3
1978
series A
^Missouri Pacific RR
A 1st
104
100% 100%
1962'
4 Vis series D
adjust 5s
A 1st & ref
M-S
Jan 1967
40-year 4s series B
Prior lien
.1975
1st mtge 2%s.
Paducah
1962
94%
1
971/4
9
97
97
1st Sc ref 3%s series I
Pacific
—1990
87 y4
97
102%
103%
2
——
*102
A-O
A_
65%
20
90
J-J
100%
Missouri-Kansas-Texas RR—
Prior lien 5s
60%
J-J
80
3
100'A
J-3
3
2047
99
105
J-3
1940
1st 4s
68
63 y4
100%
Pacific
4s lnc ser A—Jan 1991
AGen mtge
103
65%
88
89%
-
107%
96%
61%
631/4
65
V
32
"
65
98%
98%
*100%
J-3
Mo Kansas Si Texas
1
103
103
■
101
Marie—
A
108
99
70
100%
99%
99%
u-s
A-O
108
101
99%
A-O
_Jan 1971
ser
91%
98
10214
Af-N
—1969
1967
98
94%
98
98
*100
Af-a
Minnesota Mining & Mfg 2%s__
116
16
104% 104%
2047
lOgdensburg As Lake Champlaln Ry—
A 1st guaranteed 4s
-1948
Edison 1st mtge 3s
1974
1st mtge 2%s
1975
Oklahoma Gas & Electric 2%s
1975
Oregon-Washington RR 3s ser A—1960
74%
70
72.
3-J
Af-S
1st mtge 3%s
t§AMidland of N J 1st ext 5s
67
84%
85 Vi
84%
Af-N
1969
1
j.j
Ohio
101%
94 Vi
*97 Vi 100
85 Vi
J-D
129
111
99
71%
71
71 Vi
3-D
127
96%
92%
4
94%
M-N
1st mtge 3V2S_1969
mtge 27/8s
2047
i
A—-—
mtge 2%s
1st
(Wise)
M
(R H)
49
8
128
*107
104%
80%
85
80
89%
84
83%
94%
100%
*100
3-D
(1st mtge & con 4s ser B
96
*__
M-Jf
109%
Power Co—
Northern States
101%
95
1
110
Af-a
1972
96
jr-M
U-S
Q-F
Si
(Minn)
A-O
2003
High
106%
109%
77%
127% 127%
Q-A
1st mtge 2%s.
2003
Low
11
102%
105%
Ho,
*115
Q-J
impt 5s series C
Ref Si impt 5s series D
Coll trust 4Vis
MS
1980
Macy
impt 4%s series
99%
100 y8
109
101 Vi
80
A-O
2047
3
100 »/4101
P-A
A-O
Jan 12047
3s
12
Ref
Range Sines
January 1
.
High
107% 108
M-S
1997
99%
99%
107%
u-a
Q.J
registered
3s
RR—
gold
lien
General
107
1
Low
1997
4s
registered
4s
Friday's
or
Bid A Asked
Pacific Railway—
lien
Prior
100 % 100%
Af-S
series G
Cine
121 y8
.1974
ref 4 Vis series A
Si
Gen
Northern
121
Vf-'"AvV'.;v,
100%
1955
2d
&
78
12
gold 4s .1996
& ref 5s— .1974
Northern Central gen
47
*
67
.2014
mtge 5s conv inc.
Si Western Ry 1st
Norfolk
40
36%
107
107
Af-a
series P
27/bs
Div
29%
3
109%
109
M-N
3s
Louis
Atl Knox
5
100
'
— —
A-O
1966
42'%
■
■
Southern Ry Co—
AGen
i
38 >/i
30
^-Week's)
.
Bale Pries
v'. v;>7*'
<; v.
Norfolk
39%
27
26%
14
278
A-O
Div 4s
St
*
-
'
A-O
1978
Nashville
M 3%s
1st Si ref
38
43%
Af-N
u-a
mtge 3s
&
Per 1*4
'\''V•
Falls Power 3%e.
1968
•
Lest
vr.J
■
New York Stack ladfcaaia
:v
HigA
Low
526
42%
J-D
3Vis
& Elec
Gas
ref
Louisville
38
47
Af-N
1949
1949
1949
1951
gold 4s
stamped
Lorillard
39%
39
'/a
39
Af-N
1952
series A
7s
Long Island unified 4s
Guaranteed
35%
35%
42 Vi
Af-N
1963
Electric
«- •
■"
No.
High
B oND B
Range Since
January 1
Sold
Niagara
Lehigh Valley RR—
4s stamped modified
,
WHimj
Sonde
.
Bid * Asked
Low
(
:
Week's Kongo
v;):,'
Monday, July 26, 1948
RECORD
RANGE FOR WEEK ENDED JULY 23
V
'•
CHRONICLE
& FINANCIAL
COMMERCIAL
125
107%
*108
108
107%
104% 104%
3-J
*9
3-J
11
106
i
7y8
11
10%
107%
104
u-a
u-a
93%
102%
24
11
iv*
12%
THE
"Volume" 168Number'4719
COMMERCIAL
NEW
YORK
RANGE
I
Interest
Exchange
Stock
yLast
Period
BONDS r*
York
New
FINANCIAL CHRONICLE
BOND
WEEK
FOR
ENDED
Sale Price
Range
Friday's
.or
RECORD
JULY
Range Since
Sold,
:
.
High
BONDS
January
;
No.
Low:
'
New
.1971
Bt Lawr Sc Adir 1st gold 5s
1996
J-J
gold 6k
Bt L Rocky Mt & P 5s stamped
Bt Louis-San Prancisco Ry Co—
1st mtge 4s series A
1996
A-0
.1955
J -J
1997
/-J
87
May
60%
M-F
85
M-F
1989
certificates
Nov 1989
J-J
.1971
M-F
(Jos E) Ac Sons 2%s
Shell Union Oil 2Vis debs
2016
J-J
70%
p 70%
J-D
96%
96'A
1971
101%
A-0
coll tr 7s~ .1941
Bkelly Oil 2%s debs
.1976
.1963
debentures
debentures
.1985
debentures
.1987
103
93
;
Vandalia RR
Cons
101
102%
127
r-
127
17
98%
1st &
97
92%
96%
28 Va
93%
Af-8
AT-N
«...
97 'A
18
.1981
Jf-N
103%
98 Va
97%
102%
1st gold 5s—1949
gtd 5s
2003
5s
cons
A-0
.1956
A-0
108 y4
108 Vi 109
.1956
A-0
111%
111% 112 Va
Memphis Div 1st gold 5s
St Louis Div 1st gold 4s
.1996
J-J
82%
96
v
>,
.1966
Jf-N
.1971
debs
P-A
148
91%
9
105
113
109
93 V*
Sunray Oil Corp 2%s deba
.1966
J-J
.1972
J-J
.1973
100%
95
106
106
A-O
38
96%
Texas
&
New
Orleans
A-0
104%
23&1
1st & ref M 3 Vis series B—~.~1970
A-0
A-0
1990
Texas & Pacific 1st
100% 101
100
100%
93%
99
99%
J-J
1985
99 VV 103%
1951
J-J
100% 101
1971
M-F
*97%
*
'
102
80%
,
94%
99'/a
69
98%
101%
88%
96
debentures
101%
95
69
92
92
67 Va
97
30
100%
100%
J-J
69%
57%
"
7 '
M-F
101%
99%
-97
—'
l\V
*102
Jf-N
1970
M-F
99%
1967
J-J
98 %
1958
iqbq
A-O
1949
J-J
102%
J-D
&
Co
1st
mortgage 3s
^
^Wisconsin Central Ry—
5 A 1st general 4s_
116%
97%
101
106
_
—
99
99%
32
98%
99%
85
102% 102%
5
*112 "A
J-J
—
*
of
89
A Certificates of
121%
94%
70'A
38
39
42
94%
94
94 V4
75%
15
'
'
"
'■73 \
70
:
19%
43
30
30
deposit—
1976
T-d
.1971
j-j
__1976
J-J
101%
*104% 105
.
93
96%
103
104%,
v
<»-
101%
99!i
103%
64
257
67%
39
Yonkers Elec Lt & Power 2%s
127%
100 Va
111% 112%
70
Wisconsin Electric Power 2%s
Wisconsin Public Service 3%s
98%
100%
94
101%
Jf-N
J-J
deposit
103%
93%
--
'
A Certificates
8ASu & Du div & term 1st 4s—.1936
92% .100%
126% 126%
J-D
2000
gold 5s
Gen & ref M 37/8B series E__
15
M-F
1960
1992
93%
93%
109
59
68
1950
!
1949
98%
*__
65
102% 102 Va
May
107%
106%
11
100% 101 Va
101
109
105%
67%
04 Va
MS
A-O
Gen & ref M 2%s series A
RR—
1st & ref M 3%s series C
55%
101
108
5
__195l
Funding & real estate 4%s
30-year 5s
Westinghouse El & Mfg 2%s
2%s
67Va
67%
Wheeling & Lake Erie RR 4s
103'/a
33
107%
'
47%
99 Y*
108'A 108 V*
100%
114%
104% 104%
103
— —
—
*107% 108'A
—1950
98%
100%
99%
*99
M-F
99%
97%
100
97
*115% 116%
J-J
2019
Ref & imp 2%c series P..,.,... 1985
Texas Corp 3s deb
1965
3
*54
*99% 101%
Winston-Salem S B 1st
imp M 4s series C
83%
94 Va t.
106
F-A
25-year gold 5s
of St Louis—
&
100
85
F-A
1st mtge 3%s series D
Ref
85
90%
*106% 107 Va
Wilson
Terminal RR Assn
75%
95
1970
A
74
4
J-D
96%
4
3
11
79
98%
J-D
102"%
9*2'/a
100% 100%
82
*98% 100 %
Wheeling Steel 3%s series C
2Vis debentures
100 %
J-J
u-a
57%
100 V*
33
97 %
97
M-F
46%
5
94%
*98
Swift & Co 2Vis debs
96%
1966
97%
104 %
102%
57
102
21
1967
105%
93%
101%
98%
79
Jf-N
Registered
2361
Western Maryland 1st mtge 4s
1952
Western Pacific 4%s lnc A
Jan2014
Western Union Telegraph Co—
110
108%
14
103%
102
100 A
109
94%
West Shore 1st 4s guaranteed
98
6
94
99 Va
104 %
^
3%s__2000
ser
Westchester Ltg 5s stpd gtd.
Gen mtge 3%s
«
,
7
*54%
2
9.9
98%
79
M-F
(Hiram) G & W 2%s debs-1960
conv debentures 3%s_1976
Ward Baking Co—
>
5%s debs (subordinated)____1970
94%
3
Apr
100
97%
97%
.
West Penn Power 3%s series I
84%
120
112
95%
95
112%
,
1971
Warren RR 1st ref gtd gold
103% 103%
A-0
103
107%
81
...
Jf-N
-1995
Walworth Co
102% 102%
JrJ
99%
94%
102
89%
103 V*
jwr-N
3
10
20
w
Wabash RR Co—
95%
90
118
*109
debs.. .1985
deb 2%s
105
97%
"
A-O
Virginian Ry 3s series B.
102
76%
83%
95%
95%
.1983
Oil of Calif 2%s
97
105%
*107.
J-J
Apr
80
118%
100
MS
r
Apr
84%
88
.1956
(N J)
97
102
97
Apr
100
Devel & gen 4s series A
Devel & gen 6s series A
Devel & gen 6Vis series A
Spokane Internet 1st gold
97%
105
*3
111% 112
1st, mtge 3%s series B
73
102
82%
Standard
V-
105%
MS
Gen mtge inc 4%s series B_Jan 1991
94%
93%
*—
118
Standard Oil
*105
'
98
*82 Va
4%s_. .2013
90
A-O
Coal & Coke
Iron
1st
104
J-J
A
25
id-a
Gen mtge 4s inc series A__-Jan 1981
87%
J-J
.1951
93
1963
99 Va
92%
J-J
2%s
95
1978
96%
56
.1994
Tel
35
93
93
7
95
95
1975
3s series P
debentures
84%
91 Va
87
.1961
Bell
91
95
F-A
95%
.1996
debentures
95%
Jf-N
78%
--
1st mtge 2 Vis series G
Southern Ry 1st cons gold 5s
3 Vis
99
*93%
ref mtge 2%s series B
Va & Southwest 1st
102%
97 Va
96 Va
J-J
1st mtge 2Vis series P
94
96
ref mtge
conv
Washington Terminal 2%s
>
87 Va
6
96
3
90
94%
.1986
A
124
9
.
102% 104
J-D
mtge 2Vis series E
96%
5
101%
91%
123%
98
96%
3%s ser A. .1978
102%
1
90%
98
56%
47
.
93%
*80
—
Va
72 "Va
92%
94%
*„
9mm,
102%
61%
17
99% 100
.1969
Gold 4Vis
1955
1957
cons g 4s series
f 4s series B
s
1st &
101
—
.1977
——.
Southwestern
debs
.97%
109
Southern Pacific RR Co—
1st
Rubber 2%s
Walker
(Oregon Lines)
San Fr Term 1st mtg
2%s series C.
2%s debentures
93
89 Va
U
;
42
__
J-J
4Vis
98%
80%
41
--
J-J
.1994
High
89%
M-M
101
P-A
2%s
Lou)
101
65'A
20
95 Va
94%
J-J
2%s
Eouthern Indiana Ry 2%s.
Southern Pacific Co—
Range Since
January 1,
a
Ho.
89%
'
71%
*38
J-J
RR
gtd 5s
Southern Bell Tel & Tel Co—
1st
1959
80
51%
97
*100
A-0
1979
94%
J-D
South
Sold
97%
A-O
101% 102
P-A
Socony-Vacuum Oil 2 Vis
Gold 4 Vis
1967
;
—
J-J
.1965
3s
99%
102% 102%
*127
—
.1966
Jan
mtge 4Vas series A
Nor Ala
89%
101
.101
Jf-N
141
101
.1996
Seagram
&
1976
100%
3 VaS
1st mtge 4s series A
tSASilesian-Amer Corp
U S
563
.
'
High
Virginia Electric & Power Co—
II
A-0
.1989
AGen
81
—
93
99
..
M
75%
—
61
Bonds
Bid A Asked
Jf-8
96'/a
J-D
3Vis B
Union Dept
.1976
A-O
87
*91
Scioto V & N E 1st gtd 4s
Seaboard Air Line RR Co—
Paul
Ref mtge
■
Friday's
or
Bale Price
RR—
debentures.
1966
107% 108
J-J
.1990
gold 5s series A—
Bt Paul & Duluth 1st cons gold 4s. 1968
Gen & ref
St
Pacific
2%s
.1991
__
59
♦
Week's Rang#
;
'.Last
i Period
United Biscuit 2%s debs
85
*100
r:
79%
4
78
*80
w_
.
Universal Pictures 3%s debs
mtge lnc 4Vis ser A—Jan 2022
Bt Louis-Southwestern Ry—
A2nd
1st 4s bond
*75
Exchange
70
99% 100 Ve
,
Interest
7-7/.^-n
Stock
Low
i
Baguenay Power 3c aeries A
Turk
High
Union
2d 4s inc bond ctfs
23
&Friday
Bonds
Bid & Asked
Low
2d
(369)
Week's
Friday
i
&
99%
Texas Pacific-Missouri Pacific—
Orleans 3%8__1974
Ave Ry 1st ref 4s
I960
AAdJ Income 5s
Jan 1960
Tol & Ohio Cent ref & impt 3-Vis—1960
*100% 102
J-D
A-0
<Term RR of New
.
Trenton
Gas & Elec
58%
Jf-8
71%
64%
97%
101%
100
__
98%
*97%
a
97%
95
1975
2Vis
*
Jf-N
1967
107
the
95%
J.''
*
-.v
*i
■
J
94
92%
delivery sale not included in the year's range,
d Ex-interest,
e Odd-lot sale not
year's range,
n Under-the-rule sale not Included in the year's range,
r Cash sale
included in
the
year's range,
ICompanies reported
109%
96
99
the
100
y Ex-coupon.
'102% 103%
J-D
99
99%
Bankruptcy Act,
101
10
22
99%
week.
sales being transacted during current
no
ABonds selling flat.
103%
98%
under Section 77 of
being in bankruptcy, receivership, or reorganized
by such companies.
as
securities assumed
or
♦Friday's bid and asked prices;
*100% 101%
J-J
1970
debentures
107% 107%
107%
A-0
1968
debentures
3s
Union Oil of Calif 3s deb
in
*93
SNegotiability impaired by maturity.
Jf-N
1971
mtge & coll trust 2%s
Deferred
included
U
1st
■
•
not
Union Electric Co of Mo 3%s
j,'T .p-vpp"
'
i
100%
101%
X
85
42%
*101%
jf-a«
1961
82%
60%"
100
J-D
1st gold 5s—1949
Tri-Continental Corp 2Vis debs
78
56
J-J
Third
101
r"'
NEW YORK CURB EXCHANGE
WEEKLY
and deferred
NOTICE—Cash
in
week in
in the
footnote
a
In the
delivery sales
which
they occur.
following extensive list
AND
YEARLY
we
furnish
a
complete record of the transactions
RANGE
FOR
1Mb
Friday
New
York
Curb
Sale Price
Par
7
of Prices
Low
Wire Co
2%
Aluminum Alloys
Acme
2%
3%
3V'4
.10
common.
33
-1
Adam Hat Stores Inc.—.........
5%
"
iAero
Supply Mfg-
2%
2%
13%
13%
-1
Shares
Range
January 1
LOW
High
2
1,200
3 JA
July
150
31%
Jan
300
3%
33
500
2%
1%
s:
•
Great
Airlines
Alles & Fisher
^Allied
...3
pfd___
$3.75
Co
of
(.Aluminum Goods
Aluminum
Corp
it
it
6%
7%
3%
Jan
Jun
3%
Feb
8% May
79
Feb
87
—
17%
19
50
-
American
Apr
7
Apr
37/a May
22% Apr
61%
61'/a
63%
93%
94%*
400
100
22
♦
:
4,500
60
:92% Feb
24%
24%
•
10
10
10
J ,?
,150
,9
*
51
48
51
BV
5,700
36
Jan
22
36
36%
Feb
40 % July
Apr
Feb
113% May
1%
3Va May
40
Jan
33
43%
Jan
Feb
21%
Jun
29
Mar
36 %
'
307/a
31
31 Va
350
32% Jan
19
see
18
18
18%
6,400
15%
Feb
30 %
30Vt
30%
400
30 %
July
16 %
16%
16%
100
14%
Feb
5%
4%
5%
46,700
Metal Products
&
23%
23%
100
45
500
38
Mar
51
Jan
32
32
100
31
Feb
36
Jan
31 Va
32%
600
*30
21
22
Co.
Chem
class A.
32 Va
17%
Jun
7
Feb
3
Jan
18
:
Jun
26% Jun
Feb
'
•
.
Jun
69
American
xJan
Mar
Feb;,,J
Mar
Class :
May
American
:
;
56
•
Jan
Jun
31 Va
Amer
$6
.10
Republics.
Seal-Kap
100
1
1 Va
21,700
lVa
.10c
58 %
350
27 J/a May
5% Jun
'•>% Mar
57
commc
preferred
Jan
18% Mar
B 4% -Jtin
4%
42%-Feb
4%
Superpower Corp com.
series
2,100
'*&-■■■
1% May
62
page 33.
——
-;
,
■"Kf.
;,r".
.
j
r;
■:
.
.
v
.
-
r■'5
V
=;
,
-t '
■
+(iV.
1
;
'
•
-"v.';.
May
.25
''"J".
For footnotes
Jan
July
16
75
.25
Mfg Co common.
Potash
36
36%
36%
American Meter CoAmerican
Jun
197/a May
.
31
109
100
.25
preferred.
American
6,800
10c
1
American Maiacaibo Co.
Mar
Feb
~3Va
7%
16% Mar
Jan
Jan
43%
4% May
14
-
.25
101% May
93 Va Mar
3%
950
18%
450
8,000
~2%
38%
1
American Laundry Mach.
American Light & Trac common.
Jan
17% Mar
I
17%
preferred—
preferred
convertible
Jan
May
90
5Va Mar
18%
387/a
*
100
6
1,900
1,600
18%
37%
6%
American Hard Rubber Go.
6%
2%
1% July
76% July
10
preferred
convertible
800
2% May
1% Mar
Light—
Electric com
2%
93%
common
$2.50
%
*
Mfg...
$2
Jan
38
5%
—_100
common
Jun
1%
25
3%
4% %
2
.100
&
Highi
Low
5,600
2%
2
—1
common.
Power
American General Corp common
Jun
.
2
2%
Range Sine* January 1
High
Low
.1
Shares
of Prices
gale Prise
Exchange
Co.
American Gas &
''
Sales
for Week
Range
Class. B-._——
Apr
3% May
Apr
%
Jun
200
90
v,.
Week's
Friday
.
Car
Beverage
Book
Cities
1,800
..P.
1
5
common
preferred
Industries
Aluminum Ltd
American
American
9%
Feb
5,000
1
common
America
cumulative
3
17
(Mich)
Curb
Bantam
American
3% Mar
6% Mar
—«
Altorfer Bros common
Aluminum
300
7%
__
90
3''/a
1
,
Internat Investing
7%
—100
Inc.
common.
Allied Products
American
Apr
14%
xll% Mar
-50
Southern
Alabama Power 4.20%
%
„10
preferred.
Air-Way Electric Appliance..
'lii Alabama
*
Par
Mar
7%
Jan
500
14
36
'
__
.50c
60c convertible
B
York
New
57/8 Mar
35
4% Mar
300
5%
•;
High
3% May
Mar
2%
..10
preferred
JAireon Mfg Corp common.
;
7
—'
.2
ii-.v;- Air Investors common——.
Convertible
•?
Xv
American Fork & Hoe common—.
.5
Mfg common.
Air Associates Inc (N J),
.
23
,
STOCKS—
Agnew Surpass Shoe Stores-.
Ainsworth
r
:C.
'
for Week
Range
Exchsngt
,
Acme
h-
JULY
v..
S."
.......
■
.
i
ENDED
Sales
Week's
STOCKS—
.
i
year.
/
7-■B•:0;::
Mli|s
ACF-Brill Motors warrants.
'
the New York Curb Exchange for the week
•
?Qi
*
WEEK
on
:
77
weekly range are shown
beginning on Saturday,
It is compiled from daily reports of the Curb Exchange itself, and is intended to include every security
July 17, and ending the current Friday, July 23.
whether stock or bond, in which any dealings have occurred during the current
:
RECORD
disregarded in the week's range unless they are the only transactions of the week, and when selling outside the regular
No account is taken of such sales in computing the range for the year.
are
July
&
COMMERCIAL
(370)
30
RANGE
i OK
AA/USA* -■■!
Friday
of Prices
Low
American
Angerman Co Ino common.
Anglo-Iranian Oil Co Ltd—
cJ
::)&! Amer dep rets ord reg—&
Angostura-Wupperman
Apex-Elec Manufacturing Co
Appalachian Elec Pwr 4 %% pfd
6%
Arkansas Power & Light $7 pfd
Aro. Equipment Corp
Ashland Oil & Refining Co_
Cities Service common
Feb
7% July
7%
5%
16%
1,075
15%
%
5,500
3%
500
11%
10%
1,600
130
4%
4%
5%
6%
7Va
7
6%
;.
;*
.12
11%
18%
19
12%
Feb
•
,
Apr
108% May
Jan
% May
6
8% May
10Va
10% May.
Jan
Feb
10 Va, Feb
114
May
14
Jun
23
Jun
112
2,200
12,200
12%
Feb
300
6%
July
8%
Jan
% Feb
Va,
lVa
Jan
6%
£1
•
American dep rets reg-——,
Associated Laundries of America
Associated Tel & Tel class A
—
6%
-
11'A
*
12%
12% July
Feb
6%
1,225
Coast
Fisheries
-1
Coast
Line Co
.50
Atlas
Corp
Atlas
Plywood
-1
Corp
*
Machine
Avery (B F) & Sons common
6% preferred—...
175
5%
16,000
3%
Feb
29 Va
2,600
24%
Feb
5%
200
4%
Jan
6%
Apr
6% Feb
9%
Apr
27%
__1
Steelf Products Inc
Automatic
1,800
5%
—
Zs
—
16%
14%
163/a
.25
7% May
32
May
167/a July
Feb
26
July
15% Feb
600
24 Va
.
24%
—
23%
Mar
10JA Mar
1,300
—
—J
Ayrshire Collieries Corp com
— —
52
27
Jun
i
Bnbcock 8t Wilcox Co
Baldwin.. Locomotive—
—,-30
3m
36%
9%
Jan
37
400
9
14^
Jan
6%
5%
6%
17,500
;%L20 convertible A common——,—t
Basic Refractories Inc.———
1,
Baumann (L) A Co common.———1
Beau-Rrummel Ties common1
Beck (AvSJ Shoe Corp——1
16%
16%
17 Va.
300
2,000
Shoe
Aircraft
Bellanca
&
1
common™
Bell Tel of.' Canada
Benrus Watch Co Inc
Hedges
7 Va Jun
4% Wjar
6%
14%
•
15
7% May
15%, May
5%
5%
500,
100
14%, May
2%
400
142% 148%
280;
8%
500;
7
5% Apt
15%
2%
8%
1%
May
.—3
13.%
8%. May
1
3%
3%
9
8%
100
13%
3%
9
Blauner'a
common
Blue Ridge Corp common—
Blumenthal (S) A Co common
Bohack (H C) Co common—
.—
125
Brillo Mfg Co common
17'/a
Apr
Jun
Jan.
22
34*
Creole
Co
new
2% Fab
500
9<% May
50
129
24% Apt
30,
11
Jan
1,000
13% Mar
16%
17%
113
900
8%
Mar
'
13%
8
700
17%
300
11% Mar
July
23* : Jan
Feb.
9% Jan
50
21%
19% May
14%
Apr
;
14'4: Jun
15%. Mar
18
July
Feb
21% July
Jan
13 %
12% Feb
1%
22%
22%
2%
100
1% July
100
20
100-
2%
Jan
1%
Apr
2%
Jan
23%
Apr
2%
Jun
1
24 %
24
25
10%
10 Va
11
29%
27 %
29%
11 %
11%
1,900
10% Mar
Ring Co
Electric
Tungsten
21%
23
3,600
16
Mar
24%
16%
17
500
13
Mar
17%
1,900
16% Jan
2,400
7
300
26%
Feb
25% May
17% Mar
475
27% May
12 "
May
32
31
Bread
H
%
7,200
2%
2%
2,200
2% Mar
3%
10%
10%
100
10% July
12%
5 Va
pfd
%
5%
Feb
1
Power
_
Corp
3% Feb
11%
1
Canners
A
3'A
3%
200
63%
2,200
80
6% Feb
Jun
107% Mar
70
100%
7%
July
72%
f
4%
46%
47%
8%
2,400
Jan
11% JTun
107
Feb
29%
Jun
70
114% May
105% Jun
2% Mar
3,600
4
4%
Feb %Jan
8%
1,600
96% 101%
101
'
x62%
5,900
11
10%
10%
500
8
Jlun
5% July.
Feb
47%
Jun
1%
1%
1,300:
1% July
2%
Jan
13,%
32
14%
1,700-;
liVa Feb
15%
Jun
40
Jan
"l%
,
14
100
33
30
Mar
2%
.2%
2 Va
300
2
Jun
14%
13%
14%
2,700
8%
Feb
17% May
%
%
i'if
5,600
% 3V(ay
9% Jun
Va May
11%
3% Jaa '
Ja n
15
9%
-
9%
4%
9%
•
4%.
■If
4
15,700
52%
54
-675
49
44%
49%
14,000
1%
9%
3,600
1
2,100
y.800
5.% Mar
7%
46i
4%
t%
1%
8.%
>v
7% '<*8k
6%
7%
..
7%
15:
14%
"3
3
.
•
31
32
*
18%
18%
-•
>•
4% Jan
Feb
Feb.
53%
Jun
Feb
1%
Jun
6*A Feb
10%
Jun
9
IS
May
'
2%
'-'-400
1% Mar.26
50
32v
.
Jun
104%
Jan
11% May
7% Mar
4% Marq
/
Apr
>
20% May
100% Mar
*
3
35
Apr-
16% Mar
3,100
18%
3y8 May
Mar
3".
2,200
common——2.50
(Mo)—
„
'Jun
Feb
5 Va
30O
:}
9% May
•
•13%. Mar
-4,000
3%
,
2%
.
.
Jun
56% May
Mar
37%
Apr
May:
% May
9%
% Feb
8
54
Jan
6
13 %
700
14%
14
500
1,600
—•
<
8
-
16%
13% Max
Jan
,
Jan
—
35.%
Mills*———2.50
Inc————1
debentures
9%
1
--
CQrp common
Distillers Co Ltd—
1
-£1
Amer dep rets ord reg
Dobeckmuu Co common....
1
1
•
2B
•
'Domestic Credit Corp class A
Dominion Bridge Co
Ltd.
Dominion Steel & Coal class B
A Chem Co Ltd
Dominion Tar
35,%..
32%
9%
Dominion Textile Co Ltd common
1,500
*
Duke Power
10
——•
Co
10%
1
—•
37%
-Jan
9/8
3% July
35%
32% July
.
.
9%
1,100
,10%
—
3%
37/o
Feb
3% July
11% May
Jan
Apr
140
Apr
3,100
18
Feb
31
Jun
200
9
Mar
140
23%
27%
Feb
10% Jun
3% July
-
5%. Mar
28
~
10%
11%
4
2 Va May
11,900
4
Jan
July
Jun
5C0
18%
Feb
28%
12%
100
12%
Jan
14
7 %
1.500
5%
Feb
12'A
-
—
Apr
8 %
800
7%
July
12%
Jan
3,900
2%
Apr
3%
Jun
'
Jun-
4
25%
12%
—
2TA
6%
7%
..
7
—
8
3 V*
14%
3
3%
13%
14%
3,200
11%
"9%
Jun
7%
15
Jun
May
29
21% Mar
16% May
Feb
il38
Feb
May
79 V* May
75%
875
65
Mar
38%
150
36
Jan
40
Jun
77
80'/b
225
74% Mar
83
May
Jan
8
Jan
11'A July
14
4
77
73%
38
75
4%
1,100
3%
Feb
15%
800
12%
Feb
5%
3,000
Dunlop Rubber Co Ltd—
Amer dep rets ord reg
£1
Durham Hosiery class B common——,*
—
50
>'
•
Draper
Corp
Driver Harris Co
,
€% Jan
700
3%*'
32%
34
25
.
10;
—
1
10
*
50o
Raynolds class B
3%
3 A
-—100
—
Diana Stores
Jun
8Va May
43/a May
——
—
•
—
•
—
Feb
12%
Feb
22% May
16%
——
—
Jan
3%
—
—<1
•
common
preferred
Apr
20
3%
East Gas A Fuel Assn
8
15 %
15%
6%
24'A
18
Jan
5% May
16 Va
Jun
Jun
$0 preferred series. B——
May
Eastern
8
Feb
Jun
Marconi
City
&
•
Kennedy Inc
—
Carolina Power & Light $5 pfd
—
(J W)
4
4
—
4Va
100
49'A
100
4%
3,600
Feb
•
Option warrants
Electrographic Corp new common——1
Inc
———1
2% July
57
Jun
Jan
10
Apr
3% May
6
Jan
48
Apr
108% Jan
3% Apr
53
Empire District Electric 5%
Empire Millwork Corp
Jan
l
4 % July
—
"5
~5Va
500
5
Catalin Corp of America—
July
31
Jan
6
10
Mar
100
preferred
Central Power & Light 4%
& South
West
1
pfd
—
_100
—5
Corp
*10%
15
{Central States Elec 6% preferred—100
~6V8
81%
260
74% Mar
17%
18.%
800
16% Feb
19% May
82% Apr
8% Feb
90
9%
15
10Va
30,200
■
16%
900
13
Feb
8%
84
10% July
100
79
75
79
410
54.
Feb
15
15
15
100
13
Mar
12
Feb
10
July
Cessna Aircraft Co common.--
1
Chamberlin Co of America
2.50
common.—
Mfg
common
'
For footnotes
see
.
4>A
7%
-
100
page 33.
21
Jun
-
5%
7% Feb
—-
Jan
13
20%
50
20
July
25%
Jan
64%
450C
54
Apr
70
Jan
15% Mar
18
Jan
—
Apr
Jun
12%
14'A
X55
57%
1,275
12
12%
1,300
13. Va,
14%
46,700
133% 133%
20
5%
6V2
2%
2%
8%
300
3%
12
500
14%
400
7%
7%
—I
,12
lli
l.A
1%
27%
2.7%
25
25%
11
.
275.
Jan
7
July
14% May
July
3Va
8Va
15
Feb
38
Jun
Feb
93
Jan
Jan
Jun
2% July
1% Feb
13,100
Jun
146
8% Feb
4,700
2%
40
16%
Feb
Feb
2%, Mar
92
13%
14Va May
Feb
9%. Feb
126
1,300
1%
7%
1
—10c
27%
46 %
July
Jun
.6% ?eb
8% May
1
3%
Apr
Jan
30% May
27% July
5%
25,200
12%
3,800
55
"3%
to
preferred
8
35%
3%
36
*
—
of
■
,
'Jan
•3% May,
Jan
38%; tApr j
France—
'
Co
1%
—
1
4
18
1
Jun
j
Apr•
5 V2 May
July
t
;
rets bearer—
2,600
21%
1,700
24
"ZZZZ*
_
rawing
58%
Jan
2
34
20%
a.
—.—_
B voting
Ford iKotor
4%.
J1
July f
5Va May f
Apr
15%
14% Mar
ord reg—-——
Fprd Motor of Canada—
v'.
Jan
46
Stores—
A non-voting
29
Jan
3%
10% Feb
75
150
Ford Motor Co Ltd-
SKass
.
1,900
Co—
(M H)
$1
5
1
9%
7,000
4 %
11%
54
26
12%
>" Amer dep rets
Apr
63
—
13
53 Va
1_
■Ine_———————t
5c
8% Jan
10% July
63
81% May
10% July
50
Feb
900
Fishman
May
3% Feb
1,300
-
86%
20
5
10
4
Chicago Rivet' & Mach
'
'
4 Va
7%
1,500
10
Corp common.
Cherry-Burrell
Chesebrough
4Va
—
11%
53% Feb
400
•2
$2 div cum
14% May
10
450
11
38
First York Corp common—
21% May
"
75
.—1
Airplane.
0
Fansteel Metallurgical—.-*——
.--10
Fire Association (Phila)—*
21%, Jun
100.
10
Jan
May
11
7%
Fairchild Engine &
Jun
100,
Century Electric Co common—
83
S4
7%
Fairchild Camera & Instrument-
July
Cony pfd opt div ser 1929
,
Feb
57.
May
4% May
Jan
Conv pfd opt div ser
preferred
53
68
7%
Central Maine Power Co—
Central Ohio Steel Products
Apr
2'A Mar
74
2%
Corp Ltd
—
Eureka Pipe Line common—,.,
83
84
39%
Derrick A Equipment
Eureka
Jan
*6%
2,000
—
May
83 Va July
Apr
54
100
1
pfd
7
Feb
Mar
38% May
80%
~6%
-1
1,100
——5
Emsco
Jun,
7%
3%
Equity Corp common—.4—;
J0q
22 convertible preferred,—,*——«,1;
Jan
5%
3%
14%
Hsquire
common
& Co.,
65 %
Electromaster
110% Jun
6%
.1
25, pfd shares of beneficial Int
July
Mar
8%
300
110V4 110'A
4 Va
1%
35
1,600
76
850
400
.1
Easy Washing Machine class B
Electric Bond A Share common,-— a
Electric Power A Light $7 2d pfd A-
2s fld
:
Co, new common
Products
(AM)
X
175
9 Va
49
Carr-Consolidated Biscuit Co
5 400
2%
49
9.
•
Carrerqs Ltd-rAmer dep rets B ord
2 Va
48%
4
2.50
common
-
9%
1
Carman & Co__
Carnation Co
2 Va
1
Products
325
74%
Associates—
shares of beneficial Int
Com
12% May
145
Sugar
3%
85%
68%
73
•
12% May
139%
5%
82
3%
18'A May
Feb
•
—100
——,-—100
25
preferred
5%
82%.
73%
Eastern Malleable Iron
Feb
xl4% Mar
9
common.—*
4%% prior preferred———lua
Apr
xl4% Mar
•
preferred
Carey Baxter
—
'
.
Iron Foundry
Detroit Steel Products
8.%
2%, Mar:
600
20
Ltd
voting—
Canadian
i
Feb
Feb
7-
38 % Apr
5% M ay
•
Jan
Feb
6% Mar
1,600
18
•
common
Class B non-voting
Charts
4%
900.
4%;
62%
14%
Detroit Gray
Canadian Industries Ltd—
:
Feb
7%
Feb
29%
100% 102%
Derby Oil Co common
—
—8
.Detroit Gasket A. Manufacturing-——!
Canadian Industrial Alcohol—
7%
3%
600
Apr
2%
6Va
—
8
3%
7%
7%
3
l
Co. Ltd
Convertible
Central
15,400
110% 111%
8
63
111%
Day Mines Inc—-r—
—10c
(Dayton Rubber. Co class A--———85
Dejay Stores common,i-i—
—-50c
Dennison Mfg class A common—-—B
1% May
2% Mar
2,700
£1
preference
Canadian
,
1,000
6'A
1®®
Davenport Hosiery
Apr
50c
6 Va,
34%.
5%
(ord reg)—£l
common—
.Davidson Brothers
Jan
25c
Canada Cement Co Ltd
3.50 %
'6%
•"S
July
u
•
t'
9% May
Apr
-
preferred
Curtla Mf2 Co
Jun
2%
12 %c
B
'
8
Jan
6
A Mav
common^—,——25c
Curtis Lighting Inc
Jun
1
Canada
Casco
Feb
6%
7 "
29% July
———1
Co.—
Cuban Tobacco
Jun
25%
Camden Fire Insurance
Castle
3%
2,300
6%
6
6%.
Wireless—
California
i Carte*
10,200
July
July
TV JftU
Crystal Oil Refining common*,——--*
$6 preferred—
10
Cuban Atlantic Sugar common——5
12 yA May
23
•
dep rets 5%
Calamba Sugar Estate
■
14 %
May
8% May
1%
•
American
•
Jan
Feb
Jan
July
May
9Q.
200
9% May
2.50
Cable Electric Products common
l Cables &
Capital
7%
51
25 Va Mar
common^——--1
preferred—.—,—,-50
Duval Texas Sulphur
7%
Feb
75
—
Duro Test Corp common
Class
Jan
6
Jun
240
11
2.50
common
Butler (P H) common
6%.%-
24
600
10% May
8%, Mar
1
Burma Corp Amer dep rets
Burry Biscuit Corp
■
3,500
7%
16,300
Crowley Milner
8%
•
!
Bunker Hill & Sullivan
Burd Piston
17,400
17%
•
,
Bruck Mills Ltd
;
48%
10%
7% Mar
4% May
22
10s
reg
Buckeye Pipe Line
•
45
Crosley Motors Ii
Devoe ti
—
L)
14% July
£1
Brown Forman Distillers
Brown Rubber Co common
(E
6% Mar
£1
British Columbia Power class A
Class B
7% July,
350
20%
reg
Ltd—
dep rets ord
Callite
700
Va
Petroleum-——-,———"——®
Croft Brewing
—
dep rets ord
Celanese
Jan
18
16%. Mar
9
8
Oil. Co
British American Tobacco—
Amer dep rets ord bearer
r
8%
29%
J
Co
26
"
13%
•
«_
British-American
Bruce
8
Jun
3%
Crown Dsrug
600
8
9
——•
>Glass A
^
Jun
29%
A Co
——*—l'
Petrol (Md).—
——®
Internat'l "A" partic—--•
126
25
25
-
Amer
4
4%
Crown Cork
Jan
Apr
33%. Mar
.
Bridgeport Oil Co—
17 %
7%
—*
•
-,
7% 1st preferred
,-100.
Borne, Scrymser Co
-25
Bourjoia Inc
•
Brazilian Traction Light & Power
•
i; Breeze Corp common
1
Bridgeport Gas Light Co—
•
Amer
Feb
34
Cosden, Petroleum
5%
-
1 Ve
29%
Crown Cent
10%
19
17%
British
24,700
6
Apr
149% July
31
Blck.ford'3 Inc common
Blrdsboro Steel Fdry & Mach Co com_*
.
27/a
6%
————
Reynolds common
$lf preferred class
.
Jun
2%
34
.—,10
Countaulda Ltd-.,.
American dep. receipts
4Va
6%
6%
Consolidated Western Steel Corp
*
Continental Car-Na-Var Corp.——-—1
Continental Fdy & Machine Co__
1
Cook Paint & Varnish Co_—
*
Cooper Brewing Co common
—*
Copper Range Co
Cornucopia Gold Mines-—,——5c
ln,c—
Feb
14
•
-
100
preferred series C
100
Consolidated Gas Utilities*----—
1
Consolidated Mining & Smelt Ltd—_o
Coro
1%
7%
--•
Consolidated Royalty Oil
Apr
1,700
6'A
•
——
19
150
3%
48%
Jan
17
3%
Jan
125% Mar
•
•
—
Jan
10% Mar
25
5%
147%
17% July
Feb
15%
.
1
—
common
6,%
14%
6%
—
—100
...
Convertible preferred
;
1950
Feb
18 lA
-
Machinery—
ext to
11
8
Manufacturing Co_,__—25
Vtc
Feb
9Va
3%
—1
Consol G E L P Bait common—
4%% series B preferred
Jun
14% May
2%
zi
Development ordinary——.
200
Jun
66%
-
11'A Mar
17%
—
Seelig Mfg—
&
Benson
Jan
11
iq% JaiL
.—
——...—1
Barlow
—
1%
7/a Feb
31% Feb.
1,200
3Va
—
—1
Products Co,
convertible
—«
9%
Commodore Hotel' Inc-,
—,———1
Commonwealth Sin Southern warrantsCommunity Public Service——
25
Banco, d» los Andes—
t. American shares
Barium Steel Corp.
9%
Airlines
<—-J
Colonial Sand & Stone Co—
1
Colorado, Fuel &, Iron warrants——
Jun
Mar-
34
100
9%
9%
—
—
Corroon &
—
.Baldwin. Rubber. Co
61% Jun
Feb
45
2,3,09
common—,--,—J
preferred
1%
61
56
v61
4,700
56,400
14
Colonial
Apr
Jun
3%
62%
5 Va
5%
warrants
Automatic Voting
4%
64%
2% Mar
3%
60%
33/4
1%
57 Va
13%
Cockshutt Plow Co common-
Compo
Atlantic
Atlantic
1%
5.1 Va
1%
Clayton & Lambert Mfg—;
.-20
Clinchfleld Coal Corp common*—...
Colt's
Associated Electric Industries—
7% May
13%
—1
Co
Co
Claude Neon Inc common
Colon
794 May
Jan
-10
Mfg
Clnb Aluminum
Jan
5%
57
1
8% May
Feb
4%
a
,
'ZJ::
12%,
19 %
4
May
4%
16,600
•'
=
'Z.-'"'/*.•'
Jan
Clarostat
5Va
100
—5
Homes
City & Suburban
Clark Controller
200
6%
.10
—
.
High
LOW
7
6'A
Auto Stamping—
City
High
61/.2
Chicago &
Jun
19%
4Va Feb,
Feb.
1,100
3,600
7Va
—-
3
Jan
5
'
Apr '
98 V*
7%
/'■
Apr
8%
101 'A 102 V2
•
,—10
•
2.50
1
preferred-;—
Jan
200
3
—
class A non-voting
Common
8%
16%
1
Arkansas Natural Gas common
Jan
Feb
500
7'A
7%
£1
1
1
100
Ino,
Argus
9
6%
7
43A
Range Since January 1
*
Low
Par
6'A July
6
67/a
700
Shares
of Prices
Southern Air Lines
,'oting trust ctfs.
Chief Consolidated Mining*-,—-—
47/a
for Week
Range
■
High
Low
Sales
Week's
Friday
i-oy-lfcast;: jfc
•-
Curb Exchange
New York
Range Since January 1
6%
2
1
.—
Shares
High
4%
preferred——.5
Writing Paper common—5'
American Thread, 5%
Anchor Post Products
STOCKS—
for Week
Range
Sale Price
Par
Sales
Week's
Last
Exohangs
Curb
York
New
-Msa--
.
Mondayv July 26, 1948
-
WEEK EfJDBO JVLY 2$
/
/•' AAA-
STOCKS—
.
EXCHANGE
CURB
YORK
NEW
a
FINANCIAL CHRONICLE
24%,
75
X-iVa
'l'%
9%
9,%
:
7,800;
200
16%
23
Jan
24 V2
18% Jau
1
Feb
7%
Feb
,
2
May
Jun
Jan
10 Va. July
the Commercial &
Number 4719
168
Volume
NEW
YORK
RANGE
Friday
Curb Exchange
Range
of Prices
Low
Par
Fox
1
4ft%
50
preferred
conv
5
Co
(Geo A)
—
__
•
Shares
JULY
23
Friday
350
lift Mar
100
7ft Mar
13
30%
100
10
800
v
STOCKS—
Low
12%
7ft
9ft
EXCHANGE
ENDED
25
Mar
8ft Mar
York
New
Range Since Jannary 1
High
7ft
CURB
FOR WEEK
Sales
for Week
30%
1
Franklin Simon & Co Inc common.
Fuller
12Yb
.1.25
Brewing
(Peter)
Week's
Last
Sale Price
STOCKS—
York
New
financial chronicle
32
Jun
12ft
Jan
91/4
Kalser-Frazer Corp
5 %
Co common
King
General
Alloys
General
Builders
5%
Co
conv
Amer
Seeley
Klein
dep rets ord reg
Knott
preferred series A
Fireproofing common
General Outdoor Adv- 6%
pfd
Kobacker
5%
_
General
Phoenix
Plywood Corp new com
General
Public Service $6
General
Shareholdings Corp com
110
Mar
xl05ft
—
Jun
16
29
21ft
—2
^
Jan
12 Yb May
Inc
.
Sugars class A
;
July
22ft
84
1
23
8
8ft
13
13 ft
xl4%
Company
Feb
•
Jan
Feb
Mar
k
Monotype Machine.—-—
18%
May
6ft
50
6
Feb
Feb
Realty
common
Leonard Oil Development
Le
Tourneau
(RG)
Inc
Line Material Co
Lionel
I
Corp
common
Lipton (Thos J)
Lit Brothers
Inc 6% preferred.
common
Feb
July
54
10
common
x25
21
Lefcourt
Loblaw
Mar
Locke Steel
A
Chain
Lone Star Gas Co.
Feb
Mar
Groceterias class
Class B
A Ma*
50
...
class A—.
Mfg
23
Stores
La Salle Extension University
Jan
Feb
42
*
•
Goldfield Consolidated Mines—
Gorham
2ft
•
B
$4.50 prior preferred
Gorham Inc
13%
B
Lanston
New
1
common
Mfg Co
11%
13%
Corp common
Class
Apr
Feb
18%
Corp
Coal
13 ft
Goodman
lfrf
11%
—
Feb
Glenmore Distilleries class B
Class
4
6ft
7ft
May
11
Globe-Union
Godchaux
Uf
16%
17 ft
8% July
Jan
52
(Adolf) Inc
3%
16%
Lakey Foundry & Machine
Lamson Corp of Delaware
Lagendorf United Bakeries cl A—
2ft Mar
Gladding McBean & Co
Gobel
58
44
Lake Shore Mines Ltd
common.
Harvester
58
44
Corp
Laclede-Chrlsty
Co
Glen -Alden
Jan
i
Giant Yellowknife Gold Mines
Gleaner
Jun
;
Georgia Power $6 preferred
$5 preferred.;
;
1
Gilchrist
Jun
7ft
9
preferred.
(6 convertible preferred
(A C)
Preferred
15
7ft
lift
:
General
Gilbert
15
106ft 106ft
Krueger Brewing Co
General
Corp
Feb
lift Mar
16%
(DEmil) Cp common
(IB) Rubber Co
General Finance Corp common
8ft
123% Mar
15 ft
7ft
Kleinert
—
10 ft
lift
Kirkland Lake G M Co Ltd
General Electric Co Ltd—
how
15
Inc—
Kingston Products
Kirby Petroleum
.
—.
Supply Corp com..
preferred——
Range Since Jannary 1
High
14%
Co
Kimberly-Clark Corp?—
4ft % preferred
Kings County Lighting 7 % pfd B.
5%
preferred D
:
preferred
Gellman Mfg
Shares
124ft 124ft
pfd—
Kansas Gas & Electric 7%
Kennedy's
Gatlneau Power Co common
Sales
(or Week
Jan
Key Co common.,
Kidde (Walter) & Co
Corp common
Range
•(Prices
8ft July
Kawneer
Garrett
Week's
>
Low
High
19
Last
■tie Fries
Exchange
Curb
(Texas)
—
Longlnes-Wittnauer Watch Co
Long Island
Graham-Paige Motors 5 %
conv
Lighting Co—
Common ctfs of dep
7 % preferred A ctfs of dep
6% preferred B ctfs of dep
pfd—25
Grand Rapids Varnish
1
Gray Mfg
5
Co
Great Atlantic &
Pacific* Tea—
Louisiana Land &
Non-voting common stock
7%
1st preferred—
Great
Northern Paper..
States
Utilities
Exploration
Light $6 pfd—
Louisiana Power &
Lynch Corp
25
Grocery Stores Products
Gulf
♦
100
common—25c
$4.40
pfd
100
Gypsum Lime & Alabastine
•
Mackintosh-Hemphill Co
B
Service Co
10
Maine Public
Hall
Lamp
Co
Bridge Co Ltd
Hamilton
Hammermlll
5
•
Paper..
Electric Light.
Hartford
Rayon
Harvard
Brewing Co
of America B non-vot
Hathaway Bakeries Inc
Hat Corp
1
Helena
Rubinstein
Class
>,
preferred
w
*
100
Hoe
10
♦
Horder's
*
Hormel
Inc..
(Geo A)
Horn & Hardart
Horn
5%
&
Co
*
•
common
preferred
Class B
(Harvey)
Humble
Oil
Inc new common
Refining—
Hurd Lock & Mfg Co
Hussman Refrigerator $2.25 pfd
Common
&
stock
warrants
5
*
1
Corp—
5
Midland Oil Corp $1 conv pfd
Midland Steel Products—
.5
*
*
*
$2 non-cum dividend shares
Midvale Co
1
.
1
2.50
*
10
—1
Ex-distribution
^
Huyler's common
1st conv preferred.
Hydro-Electric Securities
Hygrade Food Products
1
25c
15
t c
v
Middle West
Hubbell
100
.
Co
Middle States Petroleum class A v t c__ 1
100
._
preferred
A
Iron
Michigan Bumper Corp
Michigan Steel Tube
1
Michigan Sugar Co common
6% preferred
Mlcromatic Hone Corp
_•
common.
Baking Co
& Hardart
& Scott Corp—
Participating preferred
1
.
1
1
Co
Metal Textile Corp common
5
Holly Stores Inc
Holophane Co common
&
-—*
Warrants
Mesabl
Holllnger Consolidated G M
*
B
Co
Chapman
6ft %
1
(R) & Co class A
Co class
&
Dredging
Johnson
Merritt
100
w__
common
Menasco Mfg
2
6ft % preferred w w
4%
Mead
_*
Henry Holt & Co common
Corp
(A G)
McWllliams
•
common
common
10
1
*
*
$2.50 preferred
5
—25c
common
A
Heller Co
McCord
McKee
Mining Co
•
1
,
McClanahan Oil Co common
1
_•
Hearn Dept Stores
Hecla
Massey Harris common
McAleer Mfg Co cdmmon
5% convertible preferred
com.. 1
Hazeltine Corp
10
Marion Power Shovel
25
1
common
.11
Communication Co Ltd
10
Hartford
1
♦
*
Mangel Stores common
Manlschewitz (The B) Co—
Mapes Consolidated Mfg Co—
Marconi International Marine
1
Oil
Midwest
*
*
common
50c
Abrasive
Mid-West
10
Co—
Midwest Piping As Supply common
_B
4ft%
*
1
50c
Mid-West Refineries
Miller Wohl Co common
convertible preferred
50
*
Light 5% pfd—100
Mining Corp of Canada
Minnesota Power
Illinois Power Co
Illinois
Zinc
Co
5 %
Conv
pfd
50
(
*
Registered
Rights w i
*
-
Society com class A
Montana Dakota Utilities.—
£1
Montgomery Ward & Co class A
Moody Investors partic pfd
Morris Plan Corp of America
Indianapolis Pwr & Light 4% pfd„100
Insurance Co of North America
■■
,.
f
\
10
Machinery
■'
Mountain
•
*
Hydro-Electric—
*
Preferred $3.50 series
50
International Metal Industries A
International Petroleum
Registered
coupon
Producers
Mountain States Power common
Mountain States Tel & Tel
...
International
shares
*
International Products
10
International Utilities common
•
5
Nachman Corp
Royalty:
.1
Iron Fireman jMfg voting trust ctfs.—-•
Irving Air Chute
-1
National
Italian Superpower
National Breweries common
Investors
com
cl A
Namm's
*
'
Inc
common
Bellas
Hess
common
....
preferred
National Fuel Gas
7%
National Mallinson Fabrics
Jeannette Glass Co common.
Jefferson Lake Sulphur Co..
Jim Brown Stores
-
Preference
common..
—u—
Julian & Kokenge .Co—....
For footnotes see page 33,
5
•
•
10c
10
*
Mfg Co
*
Muskegon Piston Ring common—.2.50
Muskogee Co common
10
shs„•
National Mfg & Stores common...
National Pressure Cooker common.
National Radiator Co
National Rubber Machinery
National Steel Car Ltd—
National Transit common
—
93
100
100
1
100
Murray Ohio
*
.International Safety Razor B
Corp
1
1
Monroe Loan
5
Imperial Tobacco of Great Britain
,J & Ireland
,
?.v •'
Corp
Monogram Pictures common
Monongahela Power Co—
4.40% cum pfd—
4.80% cum pfd series B
£1
Imperial Tobacco of Canada
...
...V- -
Molybdenum
Imperial Oil (Canada) coupon
International Cigar
•
Missouri Public Seryice common
*
common
Imperial Chemical Industries—
Amer dep rets registered
&
97 ft
2%
11
11%
163 ft 167 ft
37
x4
37
4ft
Jun
July
Feb
10ft Apr
163 ft
July
34% Mar
3%
Feb
161/4
16 Yb
12 Yb
Feb
31Yb
33ft
26%
Jan
111
111
97ft Mar
25
July
25
27 ft
11%
11%
lift Mar
13
13
lift Jan
fW
COMMERCIAL
THE
(372)
32
;:li!
&
FINANCIAL
CHRONICLE
Monday, July 26, 1948
.
YORK
NEW
Friday
STOCKS—
Week's
Last
Curb
Bale Price
York
New
4'
Exchange
Corp
(Herman)
2,500
8% 'Jan
15V4
16%
700
6%
6%
3,300
England Tel to Tel—___
New Haven Clock & Watch Co
6%
90
100
4%
1
New
.20
Zinc..*.—*-~*:-*--*---*-25
Mexico &'Arizona Land-—
1
New
Park
New
Process
convertible preferred
-
41/8
4%
8%
.
69
New Jersey
1 921/4
Feb
7
May
Jan
3%
600
6
Apr
12'/a
8% July
Rice
Stix
N
Co
Auction
Y
common
Rio
Grande Valley Gas
(Texas Corp) ,v t c.
Y
<fe
Y
Honduras
Feb
10% May
Rochester Gas to Elec 4%
1%
1,200
l'/a
Feb
2% Jun
88
July
N
Y
Shipbuilding
10%
Rome
30
13
103%
1021/4 103%
500
100 1/2
100
100 »/2
230
X92Ya
%
itr
1,600
1/4
8%
5
10%
10%
11%
Class B commonj
"!■
*
10%
10%
10%
19%
•;''V;•}. • V;' •'.
Jun
1
May
Ryerson to Haynes common—
1
'
19%
Feb
7% May
300
33% Mar
48% Jun
100
33
48
Jun
4
May
17%
100
15
2%
71/2
6%
4,700
*
Mar
Corp
38%
Apr
1,000
United
Samson
21% May
3% Mar
Savoy
Feb
Jan
95% Jun
Bchulte
Mar
2%
Oil
class
Co
4%%
Oklahoma
B
Scullin
Jan
Steel
43% July
Feb
Seeman
19%
600
16
1%
15
1%
37%
1,800
42%
421/2
106 /
25
103
22% Jan
Apr
1%
Co
Inc
Bros
30%
Old
Polndexter
Oliver United
Ll
Distillery
Filters class B
Feb
5%
5%
5%
200
14%
22 1
14%
100
39% Jun
23%
1,600
10
10
13
1
22
O'okiep Copper Co Ltd Amer shares
(R
•
Inc
Pacific
Gas & Elec 6%
Pacific
1st pfd
preferred
Lighting $5 preferred
Pacific
Power
5%%
Public
Pacific
Light 5%
34%
*_25„
1st
to
9
I
:
34
Jan
Serrlck Corp
Seton
24
13
May
-
1,300
34%
31%
32,
60
104%
104
•
101
Corp
Service com
Jan
•
$1.30 1st preferred.:
Page-Hersey Tubes common:...;
25.%
Parker
Motors
Corp
Co
Pen
20%
20%
17%
11
class B
Leather
4%
5%
1,000
4% Mar
10%
38%
9%
35%
38%'
11%
10%
11%
2%
2%
2%
1 000
1% Mar
3% Jun
2%
3%
2%
29%
2%
3%
2%
1,400
2% Mar
3%
common.
$1 cumulative preferred
Corp
450
23
Feb
31
800
17%
Feb
24% May
Feb
45
45
250
"7
Cement
warrants
class A
7,4O5
Penn Water to Power Co
2.50
Feb
Apr
200
104
5
;•
5%.
46
101%
Apr
65%
4%
1,200
45% N47%
66%
30
common
—2.50
Rubber
10
—50c
common
Canada
48
Feb
10%
3% Mar
3,00(/
4'/a
11%
9% Mar
—.*
26%
26%
100
1
~2Vu
"2%
2,400
2/a
Jun
2%
3%
1,400
2
Feb
4
Xll
Feb
Johnson Ltd Amer
Pioneer Gold Mines Ltd
;
12%
Pittsburgh
Pittsburgh
Erie.
Metallurgical
common
20
5
37%
22
25
70%
S'oO
17%
50
Lake
37%
12%
37%
68%
50
to
Jan
•
3%
18,700
25 %
3,750
81
Pneumatic
Scale
Jun
!
21
1,000-
2%
—
2%
100
Feb
7,600
Feb
&
25c
Alexander
5%
4%
5%
800
2.50
common
•12 %
12%
12%
1,500
Jan
21
12
200
10% Mar
13
14
14
100
13
15% May
Feb
13%
Pratt
43
13%
13%
B
Jan
3
900
18%
19%
15%
16
62%
64%
1,800
106% 106%
50
14%
2%
1,500
—
1,100
14%
Lambert
Prentice-Hall
Inc
Metals
Co
>
43
43
Producers
8
8
94
37
Feb
12
13
1,000
12% Mar
8
7 %
8
Jan
Apr
14%
Jun
7%
1,100
17%
11%
14
Apr
11%
•
35
Corp of Nevada..
Prosperity Co class B
•
Prqvldence Gas
•
Service
of
1
7%
7%
232% 240%
preferred
Power & Light—
230
225
Mar
.3% Jun
10
90
4
Jan
88% Mar
90
Jan
25%
90
29%
Apr
Feb
3%
2,600
1%
Jan
3
Jun
Mar
11
May
9%
100
8%
Jun
9% Mar
225
94%
Jan
Feb
4% May
8%
9
500
7%'Feb
5%
600
3%
10% May
6% July
94%
99
99
150
43
44
33% Jan
47
Jun
29
29%
40
29
31%
Feb
25
39%
39%
JO
35% Jan
25
27%
27%
27%
2,200
4.56% conv preference
4;48% conv preference
4.32% cum preferred
25
28%
27%
28%
4,000
25
25
,„*&
5
26%
26%
27%
900
25
Mar
29%
23%
24%
300
22% May
4% Jan
25%
36
Feb
48%
Jun
3%
Feb
4%
Jan
5
Feb
7% May
Dredging Corp
43%
~9
8%
43%
3%
400
2.78
1
10
1%
600
10%
1,600
300
19% Mar
26 %
(
July
900
2% Mar
17% Mar
3%
Jun
19%
Feb
2%
3%
1
Feb
8%
Feb
.1
10%
10%
10%
200
9%
10
1
29 Va
28%
29%
2,600
25%
Feb
2%
2%
3,100
2%
2%
100
*
110% 110%
100
102
Light com..:
•
—
2%
—
•
-
•
—
••
6% Mar
8% May
3% Feb
5%
2%
2%
2%
2%
400
4
4%
1,700
,68
68%
Steel Co of Canada.*——*----—?
—•
1
—1
'
Sterling Brewers Inc
••
{Sterling Engine Co..
^Sterling Inc
/ Stetson (J B) Co common..
1
1
•
Stinnes
(Hugo) Corp
Stop & Shop Inc
28%
26
28%
7%,
July
Stroock
Jun
Sunbeam
26
325
7%
99
56
28% July
90
800
13
Jan
—5
1
*
July
.11% July
200.
14
Jan
8% Feb
6% Mar
(S)
& Co common..
Corp
Sun Ray Drug
•
Feb
B%Jan'
130
52%
Feb
69
26%
27
400
22
Feb
27%
20%
400'
15% Mar
:
~I% "l%
6
6%
14
—
•
2,600,
14%
•••
%
Jan
13
Feb
15%
Superior Portland Cement, Inc
Superior Tool & Die Co
91
I47
100
...
Mar
x96
14%
100
13% May
17%
16%
17%?
400/
15
Jun
20%'Jan
33
31
33%
800
27%
Jan
35 %
May
100
5%
Apr
7
Jan
14%
-
6
■
Feb
152
Mat-
14%
1
3%
II
11%
79
60
147
-
—
.
11
Technicolor
Texas
Inc
Power
" '
2%
1%
22r
19%
l3/8
-28
.10
32
•
,53%
•
5
:
8
7%
28%
i-i,
8%
30Q>,
.,.20
8,300
%
-
,
400
,
•
•
>1.
Feb
1% May
31
,27%: Jun-,
§2
10
4
Feb
14%: Apr
-
11%
11
30%
30;
12
12;
23'A
25
600
5%
-
Feb
~i9% Mar"
&
Light 7%
Co new
pfd—
common
Corporation common
11V*-'
30%
12%
v
120,
120
100
200
10%, Feb.
12
400
23% May
11% Jan
16
6,000
:
20
118%
May
,
31%
,
Jan
jMay
124
Jan
19%-'
Jan
18%:
18 i v
500
18
May
400
16
Feb
21
Jan
13%
800
12%
Feb.
15
May
14%
700
18%
18%
17%
16 %
13%
5
5
..
:
Jan
Tllo Roofing Inc
Tishman
Realty
Tobacco
&
Tivoli Brewing Co
55
—.—1
Construction
1
Jup
Mar
9% Jun
Jun
26% July
—t
14%
14
/7-.v
.
7
100
11% Mar,
5%
Feb
•
18%.May
7% Apr
May
—*
49% Mar
Tobacco Security Trust Co Ltd—•
/^Amer, dep r,cts ord regis
—.....£1
Amer dep
rqts def regis.:....
—5s
6% -Feb
7% Feb
1
1%
&
Allied
Stocks.
...v.?
July
..
footnotes bee page 33.
3%>Jun
.
.:;
IS
•
common
37
•
Jun,.
"
*_—•
2% Mar
20% Jun
30 lA Mar
v
Thew Shovel
Thor
'
•14 % Mar
200
33
-53%
3% May
Feb
'
.
18%
preferred
1%
21,000
■
1
Packing "Co^ oommw
Manufacturing common
2
10
Raymond ConcretesPiH)ncommon__.
225
17% May
^..
.—..1
Tampa Electric Co common
Railway to Utility Investment A
11%,
2,800'
13% Mar
V.':'
Taggart Corp common..
common
3%
225
14% July
R
2
15%
3%
*
•
■
,
Quebec Power Co—..
Radlo-Kelth-Orpheum option warrantsRailway to Light Securities— W '
6*
July
12
•'
Jun
144
430
93%
♦;# jkj£*.s
1% Apr
15% Jtfh
—
.
common,
Jun
"' >• ■
> >
100
Jan
2%* Jan
7% May
Jan
1
450
1%
1%
1%
Jun
8%
Feb
5%
2,400
6%
July
23% July
7% Mar
-"l%
Apr
3% May
•
3% Mar
19%
27..
25o
common.—.
July
700
500
4
(A) & Co common
Sterling Aluminum Products
May
2% May
115
7
1
Stein
3
Feb
4 Va
1
Corp
Jan
1% Mar
6%
——,L
—
1%
11% May
29% July
3%
7
1
Co.
.
For
1% May
12% July
•
Feb
class B—*
Feb
25%
1%
3%
(Ky)
Jan
July
9
10
_
common—*1
20
Forgings Corp—
Products
29% July
Jun
25
10%
**
41% May
28% Apr
May
27%
1,500
4
i!July
26
400
9
41%
41%
1,500
•
Seal common
preferred
——
preferred
36% Feb
11%
Reed Roller Bit Co
Feb
10
Oil common.———12.50
Pa Pipe Line
California Edison—
Swan Finch Oil Corp
$3 convertible
x3%
.'
98
.
July
>
4%
3%
Btarrett' (The)
'
common
preferred——.
5
1
—
Standard Tube class B
99% Jun
97
Jun
14% Mar
1
...
*
98
Manufacturing
Quaker Oats
270/ May
'
—.100
...
Co
12,500
9
$5 prior preferred-.
Puget Sound Pulp to Timber*-.
Pyle-National
2%
9%
;l
common
8% May
6% Mar
1,900
3%
Standard
May
Colorado—
cumulative
Puget Sound
16
2,%
2%
Jan
Mar
36
May
8%
Standard-Thomson Corp.*
8% Apr
67/* Feb
9% Fefr
Apr
22% May
2% Mar
$7
44% May
400
1
Jun
108%
Apr
2,300
Common
Jun
Jan
150
2.50
American
July
76
Jan
18%
3,900
-Standard Oil
14%May-
87
•
common
of
Jun
17
Mar
62
May
20%
12% Feb
104
__
4
Feb
Feb
16
400
4%
Standard
6% Apr
15
May
9% Mar
50
,
May
'
2%
__
..
$1.60 convertible preferred
18% Jun
Mar,
Jun
1% May
12
—
13%
Standard
July
11
Jan
4
% Mar
4%
Convertible
72% Jun
4% Mar
Jun
Jun
5%
May
1% Feb
11%
Standard Cap &
Feb
41
14% Jan
3% Jan
85
3
4%
Btahl-Meyer Inc.——
Standard Brewing Co.
13% Jan
58%
8%
<,»!
Jun
87%
75% Mar
13%
Royalty Co.—
-Spencer Shoe Corp.
Mar
37 % July
1
Mining Co
Raytheon
800
•
Southland
29% Jun
Feb
10
common
Power Corp of Canada common———*
6% 1st preferred
100
Rath
100
4
Jan
4% May
27%
Feb
74
81
3%
3%
24%
1% Mar
13%
1
1
Stand&Td Power &
Pleasant Valley Wine Co
Voting
Jan
Publications—
Southern Pipe Line—'——
0% Jan
6% Feb
a
Pittsburgh Bess to Lake Erie RR
&%
Jun
2%
20% Mar
-3%
22%
Jun
1% July
16,000
original preferred.
4.88% cum preferred
shares
Corp common
Pltney-Bowes Inc
v'
2%
Jun
3%
19%
5%
2}| Mar
—1
common
Pinchin
Piper Aircraft
Pyrene
1%
19%
Feb
16%
100
18
Feb
1% Mar
1
Southern
11% May
6
Jan
8%
600
Pierce-Governor
New
18
Feb
3% Jan
34
Jun
10%
100
800
3%
•
(Howard) Paper Mills—
Southwest
Jun
300
4%%
27
1,300
2%
4% May
3
4,400
31
18%
Apr
Feb
2% Mar
100
*
Manufacturing Co
South Penn
5%. Jan
67
10%
Public
12% Jan
24%
•
class A
Manufacturing common
South Coast Corp common..
Jun
10%
to
39% July
7% Mar
2%
2%
*
Boss
6% May
Apr
1,100
67
x
4
4%
-
Pressed
27% Mar
17%
—
Jan
8% Mar
1,200
100
preferred...
Boonton® Corp
54% Jan
Mar
1
20
108 %
Feb;
350
4
„•
(The)
to
4
2
10
100
-
Jun
49
Philadelphia Co common—
Phillips Packing Ca—-
Powdrell
30%
—
—
13%
3,100
11,200
10%
Solar Aircraft Co——...—
26% May
7% July
6% Jan
4% Jun
5% Mar
_•
pfd
Peppereli Mfg Co
Perfect Circle Corp
Polaris
3%
2%
*-25
Smith
Jun
113
42% Mar
700
5%
4%
comrtion
Penn Power & Light 4%%
Penn Traffic Co
Tire
"6%
1
Apr
6% Jan
May
23% Jan
.
..25
common
Penn Gas to Elec
Pharls
3%
Solar
Telephone
Penn-Dixie
Pep Boys
22% July
Jan
26
•
—
.
13
201/2
*
Pennroad
Feb
80
•
—
Simplicity Pattern common
——1—
7%
Singer Manufacturing Co..__.100
238%
Singer Manufacturing Co Ltd—"
< Amer
dep rets prd regis
£1
Sioux City Gas & Elec Co—
v;
3.90% preferred—
100
««
25% July
251/4
1
Apr
7%
11%
.5
—•
1
$3 convertible preferred
15% May
Mar
•
Jun
Jan
*
common
Simmons-Boardman
July
20
-5
Parkersburg Rig & Reel
Patchogue Plymouth Mills
97
33% Jun
lb
«
11%
1
1
Silex Co common.
106% Jun
Feb
23%
56,700
Apr
Mar
23
200
..
1
Peninsular
:
25%
—
Pantepec Oil of Venezuela Amer shrs—
Paramount
Mar,
12% Mar
*
:•
17% July
Jan
7% Mar
1
common
Shoe Corp of America
Bick's Breweries Ltd.
32% July
Feb
100
*
36
29
'
,
Jun
32%
Jan
10
__
Shawinigan Water & Power
10%May
200
.
14%
400
25
Shattuck Denn Mining
May
Feb
6%
91
25
pfd
300
9%
175
10%
Jan
4%
5
17
500
1
Sherwin-Williams of
Pacific Can Co common
6% Feb
10%
1
Safety Control
Jun
Feb
7%
42% July
7% Mar
15%
5
common
Inc
Radio
Sentinel
17%
Jan
15
Jan
5%
Jan
1,000
1
stock
B)
9
Jun
141/2 July
300
8%
8
13% Jun
Feb
4% Mar
17
5%
Sherwin-Williams
1
9%
200
2,900
1,700
8%
Sheller Mfg Co—.—
Securities
Overseas
1,700
4%
39%
*
Industries
13
5% July
•
Inc
11
4%
37%
5
*
;
prior stock
certificates
Sentry
Omar
Apr
8%
Allotment
Bemler
109% Jan
Apr
700
38%
37%
Mar
5%
1
Co.—
Shoe
$5.50
Jun
48
Jan
104%
Mar
93
July
8%
*
common
Segal Lock & Hardware
1% May
Feb
33
90
107
23
10%
1
1
25
Securities Corp General
19
100
,10%
*.
1
A)
13 V2 May
7
27
8%
25c
Inc common.
Manufacturing
(D
Feb
4,900
10%
-•
common
Feb
12%
•
Gas—
2% May
Jan
86
J— "■■s'Vv '•
39%
50
'1
(Del)..
34%
7,000
11%
100
common
preferred
Natural
Corp
Inc
97
150
43%
70
27
1
to Fisher Brick Co
Sayre
-
50c
common
Brass
Power
1%
88
1
St Lawrence Corp Ltd com
Class A $2 conv pref
Convertible
Ogden
2%
86
•
.
Salt Dome Oil Co.
Selby
Ohio
2%
87
1% May
Selected
Ohio
4% May
Jun
20
% Mar
2,300
1001/2101
*
:
Corp
Novadel-Agene
Jun
May
32
12% May
Feb
90
1
Inc_
Aircraft
Northrop
10,200
26%
11% July
Jan
9 % Mar
12
2%
43
3% Mar
2%
5% Jan
3% Jan
24% Mar
1,700
1.25
common
Ryan Aeronautical Co**
Ryan Consolidated. Petroleum
2%
12
18%
200
3%
«
...
Russeks Fifth Ave
Jan
45
2%
—25
275
28%
3%
—.1
(The)
Jun
44
7%
pfd.100
A
23
28%
.3%
5
Scovill
class
22%
28%
10
Corp common
Royalite Oil Co Ltd
:V-' *
States Power
Northern
Feb
22%
5
Inc
117
50
Northern Iiidiana Pub Serv 5 %
Apr
3% Mar
£1
Corp common
Field
105
17%
1
1%
•
com
Electric Steel Co
Apr
45
——5
Oil
Co__.
RR
Cable
Roosevelt
10% Jun
44
71/4
800
:100
reg
Feb
Utility Securities—-*
Texas
Airlines
Penn
1
new
92
1,100
ir
Inc
dep rets for ord
Rotary
May
19
Pendleton
Feb
1 800
18%
*
1,000
5
pfd F
7
1,400
*
class B com
North Amer Light to Power common—.1
North American Rayon class A—*
North
Feb
27,200
Corp class B-—--1
Mines——
—
5
Central
May
15
Mar
8%
Nineteen Hundred
American
32
July
14% Feb
81/8
81/2
1
100
.-100
Niles-Bement-Pond
North
Feb
13
1
Niagara Share Corp
Northeast
27
Rowe
Hudson Power common
5% 1st preferred
5%
2d preferred
Class B optional warrants
North
9
10
150
V
13
&
Amer
Jan
100
30
"
Feb
Corp—
Niagara
Nipisslng
"9%
"91/2
10
shares
Founders
4%
2%
Rolls Royce Ltd—
75
II
High
4
1%
1
5
10
Rosario
Merchandise
Low,.
4%
2
Co—
1%
*
common
N
N
Range Since January l
High
*1
1,000
*
1—
Low
72% July
Roeser
Co
Shares
—•
Engineering.
7%
-1
Co
Mining
&
7...
7%
for Week
1
Co
Goods.
Dry
Sales
Range
of Prices
*
1
».
&
.
Par-
Richmond Radiator
Jan
Jan
591/2
Co
(Robert)
Reliance Electric
Jun
96
Shoe
Reis
16% July
Feb
41/8
1,400
Regal
Apr
13%
500
9
71
69
13%
82% Mar
250,
'■•'"1"'
3% Jun
2% Mar
100
*
New
4%%
3%
11%
Last
Sale Price
York
High
Low
,
16
5
Neptune Meter common
Nestle Le Mur Co class A
Week's
Friday
STOCKS—
Curb Exchange
v~
High
3
28
New
Range Since January 1
11%-
3
JULY
Sales
Shares
11%
30c
;—5
National Union Radio
Nelson
Low
WEEK ENDED
for Week
Range
of Prices
Par
EXCHANGE
CURB
RANGE FOR
54
Jan
yolume 168
COMMERCIAL & FINANCIAL CHRONICLE
THE
4719
Number
NEW
CURB
YORK
EXCHANGE
RANGE FOR WEEK ENDED JULY 28
Week's
Friday
STOCKS—
York Curb
New
Last
Exchange
Range "
Par
Todd
Shipyard Corp
Royalty Corp
Low
20
64%
70c
new
3%
com
Toklan
Toledo Edison 4 % % pfd
Tonopah Mining of Nevada
100
•
Shares
1%
66
92
Jan
99%
1,100
1
Mar
Jun
Jun
5
Ercole
Marelli
*
28
28
25
28
31
May
1
6
6
£0O
6
Feb
>9
♦
9%
9%
100
9% Mar
12
Inc
....
Tung-Sol Lamp Works com
80c convertible preferred
3%
600
4% Mar
6%
11,300
1% Feb
4% May
July
■
RR 5s
&
Elec
1
A6%s ex Nov
Apr
1956
1
1940 coupon—1953
Union
Gas
Union
Investment Co__
Canada
of
M-S
Grand Trunk Western
Jan
Green
Mountain
$3.75
United
United
Corp
6% July
93
275
91 % July
50
57% May
62
45b
5%
56
%
%
-fa
32%
34
t
10%
20%
19%
20%
20%
19%
21
t
Feb
20% July
Feb
22 %
16
July
25
Jan
July .
30
Jan
25%
$42
50
38
61
101%
101% 101%
1
100%
102
103 %
103% 103%
4
102%
103%
1958
J-J
Jan
1949
A-O
$101
1949
A-O
$101% 101%
57%
57%
11-19
2
57%
101%
104
56
60
100%
103%
100%
102%
12
103'/a
106%
10
17%
28%
17
28%
17%
28%
—
—
104%
Sec—
1941
J-D
i
—-
<• •.
—-
J-J
29
$26
'
28
$25
V.
*
F-A
coupon)——1952
1941
28
1955
coup)
1941 coupoli) ———1957
—.——.—^*.——1952 *
(July
31
..
J-D
1957
(Aug
A7s
'
$13
J-J
1955
1
112
24%
1950
C
(Dec
112
--
27%
$26
...
27%
16%
28%
27
27
1
17%
28
27
27
4
IV/a
28
67%
65
68
9
55%
25
25
25
3
20
.
—
.
Isarco
1 Vb
10
O
54"%
;
1
39%
11
25
a-
7%
■
54 Va
39%
Machinery; common.—25
common
7%
—
11
55
50
5% May
Jan
250
1,975
39 %
40
38%
200
£'%
Jan
10"%
Feb
i:
.1952
1952
1963
ex
J-J
1966
»J-D
Altalian Superpower 6s
Kansas Electric
71%
Co—
1
1
Nov
>
Power
3%s
.
r-
_
$13
-.
-
15%
15%
v28
%
25
>
ie
— -
17
6
15%
Kansas Power & Light 3% s—.—1969
104% 104%
2
104%
104%
108
deb 4%s
J-J
1
107
109'/*
1958
108
$101% 103%
F-A
Midland
Valley RR—
Extended? at 4% to__i_—-—---il963,
;
Milwaukee Gas &
64 %
64
Light 4%s——1967
If-8
58
101% 104%
.
Jan
41%
13
July
NeW-
England Power .3Vis
Y & Westchester Ltg
N
Ohio
1st
Power
LL—.1961
'$105
> 11-19
2004
A-O
4s—,<
105%
102% 103
J-D
mtge 3%s———1968
67
102% 105
Jan
62% Apr
Jan
11%
July
2
July
7% May
52% Jun
—«.
1940 coupon
1947 coupon..
with Nov
A 7s
J-J
f •
—
Hydro-Electric
A 7s
McCord Corp
245
ctfs
A Debenture escrow
Jan
•
—
Specialities
A7s
.
36% May
5% May
Preferred
UHited
Jun,
% May
Apr
16
_*
preferred—;.
Power
A7s series F
(Jan
17%
3,400
10,500
•
;
70
-ft Feb
31 %
rets ord regis
Shoe
A6%s
27
Jan
series
103%
1963
A7s series E
5% July
Jan
38% Mar
14,100
350
7
common
3%
100
34
—10
...
4,000
,
United NJ RR Si Canal————108
United Profit Sharing com—;
25c
United
A6%s
High
97%
/
3%s
B
International
97% Jun
58
56
—
..
dep
4%
......
United Molasses Co Ltd—
Amer
Apr
91%
•
Corp..
United Gas Corp common—
United Light & Railways.
Preferred
Low
16
...
Ry 4s
Power
Indianapolis Power Si Lt 3%s_——1970
Apr
58
—
50c
com
common
Products
Jun
8% Jan
i
92%
100
warrants—
Milk
2%
6%
1,300
102
Interstate Power Co—
Elastic
United
1% July
4%: Mar
5% Mar
7%
'
"
•
Aircraft Products
United
v
*
Yards of Omaha
United. Chemicals
7
700
900
6
4%
7.
4
'
pfd series A
Union Stock
1%
4%
1%
•
r
Union Oil Co of California—
series
6s
4%
*
—
Jan
(
10c
5
January 1,
No.
$110
$24%
1953
1947 coupon
Hygrade Food 6s ser A
Realization Corp
Unexcelled Chemical Corp
101
•—
~
Finland Residential Mtge Bank-r
: 5s
stamped .
—C1961;
Guantanamo & Western 6s
Ulen
101
M-S
Range Since
Sold
High
Co—
Mfg
A6%s with Nov 1
1% May
Trunz
5
3%
J-J
Bonds
Friday's
or
Bid & Asked
•
Lt
Water
1
4%
..1965
3%8—
Fuel
Eastern Gas &
Elmira
Lux Corp
Tri-Continental warrants
3%
Sale Price
Low
July
61% July
3% July
99
1%
Week's Range
Last
Period
High
Loto
1,300
3,000
Friday
Interest
Exchange
New York Curb
Range Since January 1
25
3%
99
1
Trans'
64%
3%
r-
.
BONDS
for Week
High
63
"
Sales
of Prices
Sale Price
33
(373)
.
104
107 %'
101%
104
107% 107 %
105
108
1023 a 102 %
s
101%
103%
>
'
•
U S Air
Conditioning Corp
10c
U S Foil Co class B_
U
S
and
$5
1st
U S Radiator
2%
•
4%
warrants
•
83%
common..
Stores Corp
14%
Securities
with
1
—-
2%
18%
2,600
1%
Feb
175
Feb
86
Feb
18% May
11%
19% May
Feb
13,400
70%
12%
500
1%
2%
5% May
Apr
Jan
18%
1971
A-O
Jun
Park
3%s
2%
2%
900
42%
700
41% Jun
19% Mar
45
July
22
May
27
27%
100
23% Mar
29
1st mtge
^.1964
3s
1970
—
Piedmont
Jan
3
Lexington
Hydro-Electric
A6%s with Oct 1
Jan
3% May
A6%s ex Oct
1
10
10
common..
Sugar.
27%
5
2%
2%
2%
2,600
•
21%
21%
21%
900
1
Petroleum
7
5
common
$4 convertible preferred
71
6%
71
2%
3%
Feb
19% Mar
1,400
1947 coupon
24%
.I960
4%
40
8%
6,400
5%
1,900
12%
200
7%
•
71
10
5% Feb
2% Mar
Jan
98
July
Jan
10%
Jun
5%
12% July
Safe Harbor Water Power Corp 3s_1981
•
Wagner Baking voting trust
f'1%
preferred
ext.*
ctfs
2%
•
10%
—.
——
Waitt & Bond Inc
.1
2%
500
Jun
15 % May
10%
300
Feb
V/a
M-N
M-S
1952
„__195l
Joaquin Lt & Pow 6s B
mtge 3s
California
Edison
8
107
Feb
"*
May
110%
1% Apr
8% Mar
——
-2%
Feb
Gas
(Calif)
1%
9%
50
3 %
3%
4,800
2% Mar
5%
7
8,750
2% Mar
7% Juiy
1%
1
.
9%
3%
6%
Co.
1%
Feb
Gas
Southwestern
Spalding
6%
Apr
2nd
Wentworth
West
.1.25
Manufacturing
•
Utilities $6 preferred
Maryland Ry 7% 1st pfd -100
Tablet & Stationery com...*
Texas
Western
Western
Westmoreland Coal
Westmoreland
Whitman
(The)
Williams
Willson
Wilson
(Wm)
(R
Corp
&
161
39%
39%
Wisconsin Pwr & Lt
?
Woodall .Industries
,
Inc
—.2
American
5s
deposit receipts
t% preference...
Wright Hargreaves Ltd
24%
$221/2
28
194Q
A-O
$19
20%
A 5s
income
27
•
10
Feb
MS
1964
J-D
A-O
1960
J-D
$119%
F-A
99
5s
5s_
Curb
Interest
Exchange
100
14
Jan
1,100
17
Feb
95
Jan
Assoc
1970
4%s
Electric
—1953
Tel*deb 5%s A
Tel Si
19
100
10% Mar
14
13
Feb
19 V*
Atlantic City Electric
1955
3 %s
9%
Jan
--
Jan
7%
Interest
BONDS
Curb Exchange
New York
——
2%
A?
3,200
2
Period
or
Rang*
Friday's
Bid * Asked
Range Sines
Sold
102%
48
102%
99% 100%
100
Low
52
.
96
5%s
5s
'AExternal
High
108
ALima
102% 102%
9
99%
107%
AMedellin 7s
4
103%
106%
Bethlehem
Boston
Steel
.
6s
A7s
1960
110% 110%
J-D
1998
Q-F
1970
...
2%S—
Edison
J-D
$155
(20%
redeemed)
A5%* (20% redeemed)
Cities Service
-
M-S
5s—
Jan
1954
94
96%
1966
M-S
Debenturov58—S1958.
A-O
Debenture 5s
1969
Debenture
1977
Consol Gas El .Lt & Pwr (Bait)—
Ulst ref mtge 3s ser P..u—,—..1969
^ 1st ref mtge 2%s ser Q
—1976
ft lit ref 2 %s series R———1981
'
2%s conv debs.——i,—1962
Consolidated
Gas
(Bait
•
•
•
City)—
—1954
Gen mtge 4%s
' ^
J-D
J-J
ArO
Jf-N
stamped
A-O
75
$68
.
'
.
—
$5'%
7
—
6
M-J
—
$12 Va
14
—
12
18
—
$24
$34%
28
—
24
30
40
—
32
39 k
..
—
—
—
42%
42
44
44%
--
—
07
--
68
81
1951
B
A
81
97
92%
97%
82%
99%
104
105%
103
Mortgage Bank of Chile 6s
—
—
$42V*
$42V4
$25
$62
—
$24
—
A-O
J«iD
S-B
.1931
*
1972 »?.j
stamped
(Plan A)
—
—
/«?;
,
105%
85
107
78
98%
98%
-88%
102
103% 103%
106%
98
101
97%
103% 104 %
100 %
103% 109
$112%'115
112%
2008
^ toR2 fffse^A B C DE)
105%
$97%
Jf-N
H
„.
-8
14%
36
$22%
2 /2
23
2-4
2 /4
27
--
14'A
2V*
JS
-
105%
$98
,
v
Mortgage Bank of Denmark 5s
94%
105
J-D
1947 v
1947 -
of Bogota—
(issue of May 1927)
(issue of Oct. -1827)-
111
91%
83
103%
—
»II-N
2008
168
106% 106 %
If-Q
84%
<78 ,.j
3
98% 102%
103 % 104%
105%
;
J-Jf
•
,
F-A
6%s stamped.1958
Interest reduced to 2%s
J-J
—1948
39%
58
68
4
71
65%
62Va'
(Plan A)
109%
Parana
A5s
1
31%
34%
w
159
156
100% 100%
ICentral States Electric Corp—
,
61'/a
61%
Mortgage Bank
106
Bell
>
(Peru)
--
J-J
—1952
Interest reduced to 2%s
A7s
Telephone of Canada—
5s series C
City
Maranhao stamped
.103%
—
—
„
1953
stamped
de Janeiro
Rio
Interest
ARussian
stamped (Plan A)
to 2%
,__2012
reduced
Government
'■'0- A5%S
1997
1919
6Vas:
-
14%
J-J
13%
—
—
1®
2%
—
49
24 •
34
2/4
38
Deferred delivery transaction (not included in year's
(not included in year's range).
f Ex-distrlbution.
^iY;
principal,
nUnder-the-rule transaction (not Included in years range),
rTransaction for
(not included, in year's range), xEx-divldend. yEx-rights.
Odd-lot
113
■
.
•
value,
5Vintfr^t'
h® "
a
transaction
r
^
•Friday's bid and asked prices; no sales being
A Bonds beixg traded flat.
15%
1ft
00
J-D
M-J
1921 V"- J-J
—
—
•Ne par
e
ensh
transacted during current week.
.
r
Delaware Lack & Western RR—
Lackawanna
of
N
J
1st mtge 4s ser-A.
.
—.—1993
sfe|%Alit «itge:4S'ser-'B^--.^—»-l993 :i;
"
Jf-M "
M4|:
63%
64%
5
44
45%
4
'^'55%
>
"65 r
46%
'
■-IReported in receivership.
Abbreviations used
Division—
"w L"
when
,
issued;
v
.
.
consolidatedr^'cum. cumula¬
non-voting stock; "v t c,'' voting trust certificates,
abova—"cod," certificates of deposit; "cons."
tive; "conv," convertible; "M," mortgage;
"n-v,"
"rw," without warrants,
"ww," with warrants;
"
"
.
High
—
71
71
Range Since
January 1 ^
Low
No.
34%
—
M-N
-1958
6%s
105
J-J
J-D
Bonds
Sold
High
$62%
$62%
A-O
J-J
Danzig Port & Waterways—
January 1
104% 104%
104%
Week's Range
or Friday's
Bid A Asked
Low
External
Bonds
No.
High
Friday
Last
Sale Fries
2% May
Mar
Week's
Last
Jf-N
.
1964
..m.
'
Foreign Governments & Municipality
Jan
ADr
J-J
.
103%
7
May
900
/-D
r
120
98%
99
102% July
Low
Appalachian Elec Power 3'/*s
117
—
Newspaper Union—
24% July
100
Sale Price
Period
84
107%
Jan
24 %
Friday
BONDS
Associated
107'% 107%
"
108
83
$108
—1959
72
106
102%
82%
1954
2030
debs
External
York
27&
1956
1956
Hotel—
Agricultural Mortgage Bank (Col) —
A 20-year 7s—
April 1946
A20-year 7s_,
—
!_Jan 1947
Bogota (see Mortgage Bank of)
ACauca Valley 7s
1948
Danish Cons Municipal Loan—
New
103%
Co—
coupon
6s conv s f debentures
7% May
18
2
—
12% Mar
Feb
3%
«...
2A
38
102
18
$101%
J-D
May
11%
11
...
19
27
*14
1949
Jun
11
102%
_•
—£1
70 '
J-J
Ltd—
(F W)
121
...
1946
Washington Water Power 3%s
Jan
16%
18
V
$65%
Jan
11
.—1
Waldorf-Astoria
Penn Traction
July
25
17
1021/4
102
A-O
1940 coupon
Western
177/a Mar
*6% Feb
100
23%
1
1947
1
West
9
5%
102
—
Dec
40% July
50
11%
17
23%
with Dec
ex
25%
18%
104% 105
:
1,3G0
5%
25
•
Woodley Petroleum
9
A7s
Penn Electric
16%
99
$119
1966
Electric Service
United
West
14% May
12% July
700
9%
9
■
II100
pfd
21
9%
11%
...1
.
4%%
100
19%
9%
1
Inc
common.
12%
104%
A-O
United Electric Co of N J 4s_—
29 % July
Jan
99
Hydro-Electric Co—
A6%s with Aug 1 1940 couponill953A6%s ex Aug 1 1947 coupon
1953
Jun
20
100
105'/*
__
Ternl
Apr
May
105%
101%
M-N
trust
Mar
33
300
16
12%
—
175
21%
16
--
5% preferred w w
Winnipeg Elec common
Woolworth
115%
Feb
25% Mai-
20%
•
Co
Products
Brothers
Jan
140
39%
5
Corp
C)
112
20
—.
10
...
May
20
155
21%
1
-
10
6% Mar
113% 114
1
& Co
1,100
155
--
«...
10
—
River Oil
Wichita
8%
.20
Inc
Weyenberg Shoe Mfg
Wickes
7%
1%
105%
104
1989
stamped.
A7s
100
F-A
101%
$1031/4 104%
J-J
(Hugo)
A7-4s
102% 103%
101%
$104%
102%
A-O
—1950
inc 5s
collateral
101
113%
97%
113%
1001/4 100%
' J-J
1970
3%s
Elec
&
5s
(A G)
AStarrett Corp
2% May
Ward Baking Co warrants
Warner Aircraft Corp
'
200
103 %
—
1st mtge 3s
Jan
1%
9%
preferred
98
100
—
$114
MS
1973
1970
1971
Counties
Southern
Jan
13
:
101 Va
$991/4
A-O
3s—.1965
3%s series A
California Gas 3%s
Southern
$3% May
11% July
•
1591/4 1591/4
$100
A-O
Corp— ,
A7-4s 3rd
stamped.
Stinnes (Hugo) Industries—
Waco Aircraft Co
159%
J-J
1952
5%s series A
Stinnes
Watch
:
25
$13
6% debs—
—1998
Queens Borough Gas & Electric—
5s
cum
92%
Jan
22% May
6% July
73%
4%
8%
20c
Syndicate Inc
Vogt Manufacturing—
7
12 %
1
Venezuela
12
106
Co—
50-year
Southern
Waltham
105%
103
1940 coupon__1960
Scullin .Steel inc
Venezuelan
82%
103%
$104% 105%
J-J
Public Service Elec & Gas Co-—
Utah Power & Light common
Valspar Corp
92%
104% 104%
J-D
;
San
Utah-Idaho
92
J-J
Pennsylvania Water & Power 3%s_1964
May
40%
corn..10
new
Insurance
Universal Products Co
3%
5,400
2
15%
2%
2% Mar
4%
85
2
50c
1,200
15%
4
83%
1
com
Universal Consolidated Oil
Universal
2%
1
International
preferred
U S Rubber Reclaiming Co
United
1st mtge 3s—1
*
——
■ ■
-
■"
•
—
...i-Tt-iri
'-'i
COMMERCIAL" &
THE
(374)
OTHER STOCK
WEEK
FOR
RANGE
Monday, July 26, 1943
FINANCIAL CHRONICLE
EXCHANGES
JULY 33 :
ENDED
Friday
Baltimore Stock
Last
Par
Baltimore Transit Co
com v
13%
825
15%
227
2
Mar
16
39
12
Apr
23
Jan
62%
63%
60
62% July
65 Vi
Apr
3.25
5% 1st preferred v t c——100
Consolidated Gas Elec Lt & Power
Co of Baltimore common...
62 %
148
151
35
144
Mar
160
310
310
1
300
Jan
310
28
28
82
20
July
28
July
•
6.75%
105
105
13
105
Jan
106
Jail
25
Feb
28%
Jan
U
Jun
'27'A
50
7
49'A
150
44%
Feb
52%
44%
45%
178
42
Jan
.__20
'
47%
.1975
48
$5,500
43
Jun
68
Util common
W
52
1,600
45
Jun
77
Jan
Chrysler
Co
American
Woolen
Anaconda
—100
Copper
Bird
&
;
Boston
&
Co
/
Copper
_*
Feb
74
72'A
72'A
H)
(N
Reece
Drue
Inc..
Rutland RR 7%
4
3V2
&
26%
Feb
33Va
Jun
20
^
"-*1
V
'
614
28
Feb
39V8 May
100
22 V2
Jan
30
July
15
3'/a
Jan
4%
788
4
58'A
42%
Feb
6014
50%
52
50%
52%
310
60
Oak
31%
Feb
v54
41%.Mar
150
10%
10%
5%
13%
Feb
10
Jun
19
380
14% Mar
211/4
Jun
Rath Packing
30c
465
25c
54c
Apr
10%
10%
11 Va
2,767
90
92%
410
12%
12%
5
51c
51c
500
15
112
July
10'/a July
96
Mar
83
10%
38c
14%
Feb
85c
Schenley
Jun
Allied Laboratories
44'/a
953
30
Feb
982
16Va .Feb
6
6
6'A
480
3%
1%
1%
1%
300
1% July
21/4
7%
6%
7%
180
5%
Signode
22 % May
7% Mar
Oil
Feb
100
20c
Apr
65c
14%
115
13 Va
Feb
South
Armour
& Co
Asbestos Mfg
common:
230
11% Mar
18% July
37
38%
266
34 Va Mar
41
May
41
10
35% Mar
42
Co
Athey Products
Feb
Jun
62%
51%
541/s
3,353
54%
54%
54%
265
52 %
39
39
55
38%
Feb
40%
45%
165
38%
Feb
49%
137/a Mar
15%
13%
13%
25
28ya
281/4
28%
224
Week'*
Range
Feb
25
v
Shares
33%
Corp common..
Jan
Jun
25.
9%
410
500
141/2 July
7% Feb
High
15%
Jun
15%
May
250
22
500
48% Mar
50
28% May
29 Va
Jan
35..
36
200
32% Mar
3 7'A
Jan
26'/a.
28
200
26
22
21%.
22
800
19 Va
19
19
19
20
25'A
8%.
8%
5
25
20 %
21% Mar
26% Jun
1,400
148
Mar
11% Mar
158%
15
19%
Corp
Co
6% July
8
4%
6%
7%
850
5%
6%
2,600
common
So La Salle St Corp
Steel
S
Armco
7% May
7
6%
,
.
(The)
common
Feb
Elec
Feb
Copper
2 %
.,
May
Steel
33% July
36
10% July
13% May
Continental Motors
15
Curtiss-Wright
300
9V2 Mar
24% May
Mar
Certain-teed
Jan
Feb
7'A
400
May
42.
/
/
•
27%
50
32
7'A July
34% May
Feb
29%
30%
300
38%
400
32
FeD
33
33
400
26
32% July
29% July
37%
Mar
42
"
System
13%
27%
7
11%
Feb
14
Jan
7.500
15%
Feb
32
Jun
14
24%
150
6
26%
200
25
Jan
'10'/a
11
200
8'A Jan
Mar
26 Va
7
28%
14
7% Mar
\
■:
:
■
-■■■.
Apr
May
%
500
3%
3
3'A
3%
2% Mar
Jun
10%
10%
100
9%
Feb
11% May
46%
47%
300
37%
Feb
53
14
14
200
12%
Feb
16% May
7%
7%
750
7%
31 %'■ 31'/a
50
12%
_~
12%
450
17%
18
7Va
May
13
July
100
15
52%
36%
21%
30% Feb
200
350
j
Jan
35
Jun
200
r
9%
Feb
16
May
50
46%
250
44
41 %
79%
39%
41%
900
79%
800
68
28%
28%
200
25%
200
Jan
37-
39% July
78
Jan
! 21% Jan '
Feb
28% Feb
28%
47'A
Jan
!,v 66 % Jun
Fab
45%
17
10%
13
10%
85
10%
■
18,
85
17
13%
3%
1,500
Mar
48
33 V8
Feb
10
July
Jun
85
Feb
12% July
Jan
11%
Jan
500
Jan
18% May
13% Mar
100
,
83
Mar
80
70
Jan
14% Jan
'
3%
1
15
*
8%
300
July
4% May
9V4 Juh
14%
15%
1,000
12% Feb
16% May
35%
—1'
37
800
30% Feb
41
400
Feb
92% Mar
3%
•
8
.
* 71!
2% Mar
8
35
35%
700
30 Va
16%
15%
16%
800
15 Va
July
1
(The)——*
-—1
17%
Mar
8%
8%
8%
600
12%
10%
12%
7,200
29
Feb "
''
37% Jun
18%
Jun
Feb
19% May
14% Jun
6»/a
Feb 7
10%
4V2
Jan
12% July
17..
17%
300
14
12%
-
May
32% May
117% July
26%
_•
—10'
100
•
Jun
27% Mar
12
28%
.
Inc
May
34% July
350
13%
27'A
V
Jan
31
6% July
25
Products
Gas
Columbia
July
May
6% July
22
Feb
6%
Feb
May
10
Jun
•
100
14
40
16%
28%
Co
Canadian Pacific Ry
700
12
1,000
32%
Jan
20Va July
29
Atchison Topeko & Santa Fe
Bethlehem Steel' common new—.
Jan
20%
33%
19 %
6%
650
4%
common
Corp—
32%
11
25% July
2,100
27%
Mining—.—.50
163A July
17'/a
50
8%
Stocks—
150
35'A
25'A
21 Va
50
Mfg
&
200
35
Jun
300
33
Apr
May
5'/a
32
May
>22'/a
10
28'A
28'A
*'
7% Mar
5'/a
capital (new)—*
*
Alleghany Corp
American Air Lines, Inc
American Radiator & St San com
Jun
1%
..3
i-
1,650
15
28%
May
250
Feb
Feb
19
59
Anaconda
1,000
•y'7-35-'
59
Unlisted
12% May
152% 154
Mar
*-■
May
9'A
9
9%
__1 ~
:
j
64% May
29
25
5
2
•
(The).'
Co
Jun
Feb
300
13%
30
Feb
26%
56'A
com—12%
*
Cumulative prior preferred
*
Wisconsin Bankshares common
•
Yates-Amer Mach capital
•
-
9%
25
...
Jun
Jun
29
16
Texas
6% May
24%
2
10%
11%
7%
55
34
Westinsrhouse
Feb
200
2
29% May
Feb
7'/a Mar
600
1,500
26
16
Thor
3%
l0'/2
13 Va
Jan
22 '/a Mar
200
10
10%
34
•
page
common
stock—
capital
Co
Wieboldt Stores Inc
33%
see
2l'A
74 %
—25
&
Apr
16% Mar
Swift Internat'l Co Ltd ctfs of deposit-
Swift
Jan
10%
Feb
44'A
10
Corp common
...
*
Sundstrand Mach Tool new com——5
Jun
200
101/2
12%
8%
200
Sunbeam
Apf
Range Since January 1
LOW
5
19%
15% Mar
250
1,600
10
150
20
I
25
5
capital
Union Carbide & Carb
High
141/2
16%
6
19%
5
common
of Ind
Corp
U
16%
footnotes
15%
2
Stewart-Warner
for Week
Low
12
7'A May
1
Clothes common
Works capital
Stone Container
Salee
14%
..1
Feb
*
Jan
13"%
Berghoff Brewing Corp.
11% July
50
•
Forgings
Standard
Jun
«
For
common
Lathe
Bend
Standard Oil
Apr
44%
..4
Corp
100
6%
24%
•
common
Standard Dredging common
58% May
53%
-1
common
Corp capital
Avco Manufacturing
Jan
10%
68
Jan
5
—
Corp
Spiegel Inc common
15 Va May
16 Va
48%
154
Jun
14%
19
Jun
45c
14'A
41
...5
34%
9% July
6% Jan
64
•
__1%
•
Corp
Brand
Society
Jan
45c
100
31'/a July
700
10
Strap
Steel
6!4 July
Feb
15%
141/4
capital
1,000
2.50
Sinclair
44 Va July
20
Va May
10
1
common
common..
Prod
Shellmar
Jan
125
107% Mar
37%
of Prices
2
1% Mar
19
50
Apr
19'/a
common.—.
American Tel & Tel Co
;
Sears Roebuck & Co
44%
*
44
July
23% Mar
Jun
68
25
common.
Elec Co common
Distillers Corp
capital
Sangamo
May
Apr
19%
13
Aetna Ball Bearing common
28
20%
Jan
112
42
Mar
600
300
May
16% May
Feb
9%
500
14
39
21%
Jan
5
3ya Mar
300
37%
9%
1
common.—
Rexall Drug
121/2
92
*
3%
Junr
Mar
64 %
Mar
52
25
56
Jun
28%
6%
16%
•
2%
common
Co
(The)
Co
Potter
17%
5
Castings
30
32%
20
preferred
prior
25c
-
1—1
common
Jan
Jan
-
Alum
Coal
Peabody
Chicago Stock Exchange
(J D) Mfg
24 Va
1
»
Pennsylvania RR capital
Par
12
100
'lUU
10%
9%
10
'common
Manufacturing
Parker Pen Co
Apr
208
Adams
StaifSui'd
Bancorp common...
Bush Shoe common
Nunn
Apr
51%
STOCKS—
18'A May
*
*
Northwest
July'
48
Last
Feb
9% Mar
18'/a Feb
31 Va
vtc
i^^Aeturing!. common—
Modine
13% May
55 V2 May
Friday
15%
700
•
Montgomery
Trane
Admiral Corp
>' ' '
North American Car common.
2,086
Feb
.
950
10%
10%
1
•
Printing Co common
National
Jan
Sale Price
16%
7
& Libby common
42% May
34%
12 ya
$£ Westinghouse Electric Corp
16
9%
5
*
'
common
31% Mar
6%
37%
18% May
Jun
46. 35
Feb
38.90
40%
.28
*
-
,
59% July
49'/a Mar
41V2
14'A
38% May
July
Jan
50
10
Rubber
Advanced
Co
20%
50
—
Feb
16 Va
2
5
10%
,>;■ -
28
200
13%
•
25
25
common
6% J, preferred
Inc
common
Univ common
Marshall Field & Co common
46
19
700
17
* 32%
Middle West Corp capital
•
Fruit Co
System
Extension
Salle
Libby McNeill
Jan
46
—
Jun
34 %
21%
39
1
*
721/2 Mar
26%
Jan
7% May
Jun
3%
•
27% July
10%
5
—
Machinery
(new)
Jun
Apr
9%
6%.Mar
10'A
2
Jun
10%
10%
1
64 %
10
100
•
66
3%
—
150
7'A Feb
com
21
20
16% May:
7%'.-Feb
50'/a Mar
55
90
60
Jun
Jun
750
25
1
25
55'/a
~
•
.
Union Twist Dr!..
10 %
21%
31 Va
*
•
Inc
16%
66%
37%
100
pfd
Assn
& Webster
Waldorf
Jan
10
Folding Machine
Rexall
Shoe
Leath
2.50
Quincy Mining Co
Co
La
Apr
50
-25
Mills
Pennsylvania RR
Torrington
Jun
11/4
Feb
27/a
100
3
3%
110
Feb
13% Mar
,
Jun
40
Apr
17
66%
*28
28
2.50 '
100
•
North Butte Mining
S
68 %
30% July
2%
16% May
50
Mar
1,000
!
common
Switchboard
Kellogg
641/2
Feb
29% May
9%
63
59
1
Muskegon Mot Spec class A
20
100
100
Electric System
England
England Tel & Tel
Hartford
U
Feb
31%
Jan
39
32
20%
1
N Y New Haven &
United
Feb
9%
Drug Co
Miller & Hart Inc common
1
_5
Assn
New
•
1.00
100
3
40
7%
63
7 'A*
7
9%
21%
66 %
*
Lintoype
New
United
100
100
common
"
"
569
l'A
14
Apr
;^'V!-V
warrants
Prod
Harvester
International
8% May
Feb
7%
May
82
200
v.
Jun
63% Jun
29% Mar
100
<
»8 %
65%
Feb
25
July
Lincoln
preferred—50
6r<
Pneumatic Tool
Steel
Indiana
Jun
66
100
RR
preferred
Stone
72%
15
—•
(Deli
Shawmut
18
55%
l'A
13%
15
Co
15
.8%
25
Co capital
Brick
Illinois
111/4 July
53%
——
.
44.71
—
iv
Apr
Feb
6%
200
44.71
Northern RR
Independent
Jan
'
28%
Illinois Central RR common
Apr
6%
44.71
Corp
Pacific
Apr
91/4
34
July
25% Feb
Apr
4
13% Mar
33
1
•
•
Co
15
28
J
9
7%
205
10
Mach
600
25
common.!
Spencer Bartlett
Jan
6%
•
—
3'A
95%
3'/a
.
—
1
Brew Co capital
(G)
Feb
5% Mar
196
Razor
48
Apr
13
25
50
2,7C0
-
10
common—!
Corp
May
5%
50
16%
65
59'/a
Hole
Heileman
Katz
•
common
National Service Cos
■
11'A
16%
10 %
30 %
Narragansett Racing
Nash-Kelvinator
'
7%
57%
Mergenthaler
M
8%
55
64
—
100
Central
5%
v
330
38
Feb
6% Mar
100
95%
15
—
•
Dk common
3
15
8'A
Capital Corp
Lamson
\
3'/a
66
Jan
7 Va
40
35%
1
Lindsay Lt & Chem common
Isle Royale Copper
Maine
7%
—
Assoc
28'/a
35%
i—*
common
Dr &
32
225
44%
8'A
30%
Kennecott
'
8'A
41%
3'/a
44%
59
Safetv
Mar
28
July
Hibb
General Electric
-
22
CO
22%
•
Button
Lakes
22
Stores
Gillette
Gossard Co (W H)
22%
100
100
27
3%
•
common
Harnischfeger
Ry—
Inc
SS Lines
Razor
Hammond Instrument Co common
A
adjustment
Employers Group
First National
43'A May
Feb
Safetv
Feb
pfd_100
25'A
28
1
10
Co common-
Refrigerator
Apr
as
preferred
Gibson
Gillette
59
1st pfd series
General
36%
1,491
Jun*"
July
*
6%
Assoc
7'A
25%
! Mar
Jun
32
90
26%
•
10
*
19%
*
Street
Mass
42%
General Motors Corp common
Jun
-
.
Jan
14% May
'
Jun
21%
25 Va
64'A
150
7%
—♦
:•
_
Jun
5
-10
25
60
—5
1
General Finance Corp com.
126
Mar
115
1,300
Jun
10% July
9% Feb
25%
18%
Service
Mining
IntT
75
15%
>
20 V2 Mar
32
58V2
100
65%
''
561/2 July
17% Feb
20
Feb
2% May
Feb
Feb
Va
8
125
12%
"
10 Va
2,100
20%
%
1%
600
v
52% Feb
10
Trust
10%
100
495
.
14%
700
—
40%
Feb
.May
200
19'A
Hecla
Common
,
30%
Jan
38
1,150
1%
:
65
$
6
Jan
31
100
35
Apr
56%
58%
RR
Providence
Copper Range Co *
Eastern Gas & Fuel
%
36 Va Mar
782
3%
60%
A
Hupp Corp common
Prop
Personal
Boston
;
847
37'A
97/a Mar
51%
19>
100
100
5%
100
7% class C 1st pfd stamped——100
10% cl D 1st pfd (stamped).
100
Eastern
54%
Jun
400
200
56%
*
class
Apr
15 Va
12%
-4%
/■
Corp
18%
—5
28
Co common
Credit Corp
Feb
610
58%
pfd stamped
class A 1st pfd stamped—
5%
50%
41%
16'A
"
Jun
20
Jun
200
11%
2%
Flour Mills of. America
Great
prior preferred
6%
158%
20
Jun
17%
11%
19'A
6%
Eastern
147% Mar
100
7%
Cities
3,722
41%
;v Boston & Maine RR—
j Cliff
152% 154'A
122% 126
—
Apr
May
12% Mar
34
300
11%
.-—100
Stamped —
—
Boston Herald Traveler Corp.
&
Jun
20
% July
i.—10
•
common——.
Eddy Paper Corp (The)—
Inc
Four-Wheel Drive Auto.—_i_
Jun.
39%
Railway—
Unstamped
Calumet
49^ Jun
37% Jun
52%
15
~
—*
100
25
RR
Elevated
75
38 Va
54%
50
Edison
Boston
Boston
48%
34%
153%
—<—
Son Inc
&
Boston & Albany
High
Domestic
High
LOW
48%
Tel—___
Tel
Doehler-Jarvis
Range Since January 1
38 %
—.100
American
American
Shares
Low
Par
Agricultural ChemicalSugar
Refining
Amer
66
62
38
(new)
Common
12%
Jun
Feb
Mar
38
(The)
Consumers Co—
Sales
for Week
of Prices
Sale Price
STOCKS—
*
Range
18
20%
*
*
Co Inc
Commonwealth Edison common
Exchange
Week's
Last
17%
11%
26
1%
•
-
(new)..__
Corp
Service
Cities
Coleman
Friday
300
17%
14
1
Corp ' common
preferred '.I
Convertible
Club Alum Products
Boston Stock
29
79%
50c
—
Chicago Electric Mfg class A pfd
jitn
50
47%
.1978
4s—
series- A
55
35
1
-*
preferred
Chicago Mil St Paui & Pac vtc
Baltimore Transit Co
45'A
51
4%
Burrell Corp common-—____5
Chicago
BON.DS—
5s
A S
Cent
45 Mr July
49
50
GuarantyBank...
Fidelity &
S
Western- National
300
200
common
Secur Corp common
Convertible
Cherry
27'A
2
Casualty
Amsterdam
New
105
preierred _———100
prior
61%
12
common
Biscuit
Central 111
28
5
New common
17%
...■—12%
10
1
Castle & Co (A M) common
10
Bros
Butler
Carr-Consol
July
Moupt Vernon-Woodberry Mills—
59%
16%
Burton Dixie Corp..;
May
_100
^lass B
50
10%
Apr
s
20
Fidelity & Deposit Co
Finance Co of Amer
Piston
Burd
9%
27
L)
High
LOW
High
54%
61%
*
common...——2%
Ring common
—1
(E
Jan
5
3.00
Co
Bruce
Jan
16 Va
Jan
16
•
t c
High
Low
High
14%
14%
1
Range Since January
Jannary 1
Range Since
Shares
10%
10
5
W.) Corp
Borg-Warner Corp common
Brach & Sons (E J).re$pjtal,_—_
(George
Borg
Shares
of Prices
Low
Corporation
Arundel
for Week
for Week
Range
of Prices
Low
Par
Sales
Range
Sale Price
STOCKS-
Exchange
Week's
Friday
Sales
'Week's
Last
Sale Price
STOCKS—
13%
500
10'A
Jun
Volume 168
COMMERCIALS FINANCIALCHRONICLE
THE
Number '4719
*•
'(375)
35
OTHER STOCK EXCHANGES
FOR WEEK ENDED JULY
RANGE
i
-
•
Week's
Sales
Range
for Week
tf Prices
Shares
Friday
Last
STOCKS'•
:
Sade Price
r'-te >
Pat
Low
FarnsWorth Television & Radio.,— —l
Uetoerai Electric Co
58
4
-
4%
1,000
6
•'
.
High
Watling, Lerchen & Co.
10% July
300
S%
6
V '
-
"900
39%
4
—
—
..
Low
10%
38%
1
Graham-Paige Motors—
Laclede Gas Lights
High
10
10%
•
1,
..vi'
:
Range Sinee January 1
■42% May
31% Mat
t-
Feb
3%
5%
*
Jan
Members
'
300
New York Curb Associate
New York Stock Exchange
Nash-Kclvlnfrtor
New
Corp
..._5
■18%
•
—
17%
Central RR -capital
Co
York
North
Amer
Pictures
Pullman
Pure
Inc
Oil
of
Steel
16%
9
Feb
*4 %
•
Jan
'i—.
8% Feb
18%'Mat
13% JUly
23%
*
V.-.'
r
-
.
12%
12%
2,400
29%
1,700
700-
19%
19%
,8
82%
200
—
May
15
;■
Jun
42
Feb
Jun
Feb
31% Jun
14%
Feb
23
Feb
"91
Last
STOCKS—
11% Feb
15% May
Par
Allen Electric
—...
...
1
23%
Wilson
&
25%
900
12%
13%
Corp.__.__
13%
4,200
9V< Feb
15% May
3%
1,200
2%
Feb
900
12%
Feb
3% May
17% May
*
Corp
3
__
Co
•
common
14%
—
15
16'% Mar
•
Jun
29
Consolidated
Paper—
Friday
Last
STOCKS—
Mach
Cincinnati
Gas
Preferred
(t
...
31
common___8.5t)
Elec
&
20
i.
100
....
Navigation—
T
P
Cincinnati Street
Cine & Sub
_■
_1
x,
21%
<■
.
Insulation
—
*
_
Hobai't
Mfg Co
Kroger
•*»
Miami
49%
Shares
Federal
Range Since January 1
LOW
High
31%
169
28%
29%
205
23
High
32%
29 % Mar
93
10
93
98
17
80
Jun
102%
Jan
98
Jan
29% Jun
Feb
Jan
•
gtd
—
____50
& Gamble—.
6%
373
5
May
78
78%
366
73
Mar
81
21%
21%
145
125
125
22%
35
22%
166
19%
125
July
24% Jun
Apr
23
Jun
58
20 %
200
16% Mar
21
44%
45%
209
40% Feb
•
—
23%
66%
Jan
July
47% May
Feb
97
Jun
21% May
62% Feb
29
Jun
482
71%
Jan
67
69%
7Va
49
6% Jan
8
Jan
15
Jan
49%
Apr
50
Jan
10
97%
7%
93
140
-
Fr.iars
"B"
*
0 S
Electrotype
Printing common
7%
13%
"•
50
**
13%
13%
110
13
41
41
&
Preferred
41
42 %
388
40
48%
13
48
i
May
.
May
Jan
48%
—
Mogul
.
Gar
Industries
Wood
Finance
General
,
?
Goebel
Last
Par
Akron Brass
Alleghany
(Un)
Corp
American Coach
—~
•Chesapeake & 'Ohio RR
$4.50
Cliffs
Eaton Mfg
Gas (Un)
.
—1
7914
2% Mar
-18% Feb
334
147 7/s Mar
143
1614
1714
79%
37
1,755
8014
106
1
15
a26% a27%
a44% a45%
12%
344
4514
Firestone Tire '&
Rubber
(Un).
41%
26% May
34%
General Motors common
Glidden -Co
(Un)
(Un)__
Kinsel
Kresge Co
78
9%
Feb
65%
(S S)
Goodyear Tire '& Rubber common
Gray Drug Stores
Feb
89
McAleer
McClahahan Oil
Michigan
16% July
23
20% Feb
25
Feb
53
Jun
31% Mar
43
May
30
50% Mar
65
Jun
*60
21
28
May
30
14%
100
23%
50
42
42%
43
Jun
280
23%
115
Lamson
&
Mar
3874 Mar
47% May
14
Mar
17
:
20
Mar
25
—
_
—
-
Stamping common
(H
Martin
(G
McKee
(A
48
Jan
Medusa
class B
Portland
National
'N
Y
'Ohio
Tile
Oil
J
Mfg—
?
___J~
0
-*
—
.Pennsylvania RR (Un)
—
Radio Corp of America (Un)
Reliance Electric & Erig
_
Richman Bros
—
Products common
(Un)—
Warren' Refining & ChemicalU
S Steel
common
& Tube
'Youngstown Steel Door (Un)..'
Youngstown
For
15
.
14
585
10
Feb
15%
10
14%
Jan
22%
30
75
24%
Jan
30
39
25
5
270
50
•
5
*
4%
33%
Jun
Apr
July
42
Feb
34
4%
.
24
2%
384
Feb
29
Feb
5
40
-12% Reb
a37% a38 Va
.19
.
Sheet
fpotnotes see page 42.
*
-9
2
-•
*
6% May
8%
Jan
200
4
4%
450
3% Mar
14%
8
5% May
5% Jan
Mar
238
14
Feb
15%
Jun
15%
175
14%
Feb
18 %
Jun
275
16
Feb
22%
Jun
10%
250
8%
Feb
15
Jan
1%
1%
200
1% Mar
35%
35%
1,055
Feb
1% May
37% Jan
1%
1%
500
1% -Feb
2% May
7
7
7
100
6%
Feb
1%
1
-
Jan
18%
1%
1%
5,296
1 %
July
—
33%
7% May
Jan
2
2
200
1% Mar
2% May
3%
100
3%
Jan
5
26
26%
200
21%
Jan
13%
14%
250
13%
Feb
2%
—
2
2%
100
May
29% May
17
Jan
Feb
2%
3%
Feb
5% May
Jun
~
•
—
4%
--
*
3%
28%
1
_
5
3
--
T
____1
28'%
4%
—
*
1,043
3
July
3"%
28
Mar
33%
Jan
Feb
6%
Jan
-
1
200
4
4%
120
3% Mar
6%
15%
600
2%
200
21%
485
4
•
6% Mar
8%
2%
—
910
285
20%
1
7
10%
15%
——
1
com——-
4%
525
9%
5
10
_
1,030
4%
4
-
Paper
7
Tivoli Brewing common
Udylite Corporation
'U
S
Radiator
Preferred
-5
.
__
Jan
Jan
2%
Jan
10%
Jun
Feb
12
8%
Feb
"16%
Jun
Feb
3% May
7
17% Mar
515
5%
23%
Feb
7%
Jun
Apr
1
common
______
10%
10%
10%
1,665
10
Feb
12
1
.
.
__
18%
15%
18%
2,240
-13
Feb
43
38%
43
18% July
43
July
50
-
Warner Aircraft
Wayne Screw
210
2
2
1%
——
i%
1
Products.
Los
1%
38% July
1% Feb
500
Jan
1,000
1%
2% May
2% Jan
Apr
Angeles Stock Exchange
Yrlday
Week's
Last
STOCKS—
Par
Bandinl
Petroleum
Basin
Oil
Oil
Consolidated
4%
Jan
,(• v%
25%
24%
25%
564
21%
Feb
60c
60c
555
*28% Jun
77 %c Jan
1
_
200
14
Jan
Jan
May
18% July
43
Jun
32
19
230
Jan
16% Feb
Feb
al5%
7
6%
8%
9%
2,415
11%
10%
11%
2,736
a30% a30y8
25
26
25
28
•.
—
*
"Colorado Fuel & Iron
....
Corp—
1
20
May
6 V*
Feb
7%
Feb
7% May
;
13%
Jan
15
10% Mar
Jan
-34% July
61%
19%
Feb
38%
Jun
25
25%
1,175
20% Mar
31%
Jan
15%
17%
400
13%
Feb
20 y8 May
60%
61%
1,115
54 V8
Feb
18%
445
al9V8ial9%
72
..
<65 y* Jun
12% Mar
16
20'% July
Feb
:20% July
7% May
6%
200
5%
Apr
46%
47 VB
1,171
29%
Feb
47%
Jun
10 %
mm mm
10%
233
9% May
12%
Jan
61
Mar
6
>
...
Consolidated
to
mm
mm
*
a
Steel
1,850
18
—
...2.50
Engineering
17
70
7
a37% a37%
1
common-
15%
Juh
15% July
Mar
Feb
1
»
~~
a
Corp 7-2-48
.
4
of America
47 y8
1
Douglas
Aircraft
Exeter
Co
Farnsworth
class
Ltd
Tele
50c
'
Corp
A
& Radio
Fitzsimmons Stores (class
56%
26%
4
1
.v
Corp
1
10
100
50%
Feb
26%
135
21%
Jan
i4%
499
12% Apr
75c 77 %c
1,600
'9%
10%
1,410
1
9
9
2
10
14%
14%
62%
60
62%
Goodyear Tire & Rubber Co common. J*
a43 %
Jun
Hancock Oil Co class A common
*
130
7% Feb,
1814 Feb'
26%
27%
27%
297
22% Feb
45
916
41
29%
Motors
Corp -common
Jun
Jan
Jan
11%
Jun
10
Jan
10
51
Mar
210
39
Mar
407
92
Feb
10%
300
10% July
4%
5,840
May
15% Jun
64%
45%
Jun
Jun
31% Jun
43%
General
■<
8 Va Mar
1,118
Jun
20
10
_■
14%
5% Mar
110
(The)
-30%
95c
Feb
60c
225
Garret Corporation
a22% a22%
A.—
77 %c
56%
26%
13%
*
___i
Inc
Products
Oil
Inc
Co
Industries
Electrical
15
;26%^dbr
25
10%
1,410
al5%
,_w——*4
Steel
Feb
2
mm
Western
14%
13%
52 %c
Inc.... .33 %c
Corp^
changed
High
2,350
Certain-teed Products Corp
Name
LOW
5%
..._10
Broadway Dept Store.
Byron Jackson Co
Consolidated
Range Sine# January 1
High
5%
Co..:
Chica
Low
Shares
5%
Blue Diamond Corp
Bolsa
of Prices
1
Company
common..
Barnhart-Morrow
Sales
for Week
Range
Sale Price
a!2
al2
,
Hilton Hotels
Feb
47
Apr
35
Jun
Holly
Corp
:
Development
29%
323
a5314 a53!4
20
24% Feb
39% Ffeb
a7714 a79%
243
67% Mar
2%
2%
2%
70Q
-
Apt;
5914 May
.
'83% «fuly
3% May
•Hunt Foods
alSVe
a IS 14
122
70
.
65% 'Wh ;
14%MaV
87% July
Kaiser-Frazer
19% May
Kern
County
15
3%
Land
Co..
Jan
22%
15
July
.3% July
18% Mar
10% July
Feb
17% Jun'
20p:u Jun
34c
12%
10%
12%
4,790
1.50
1.40
1.55
2,700
22c
1,300
10%
1,170
46%
677
1
:5
'22c
9%
45
Jan
•8% Jun
15% Mar
123
10
„
14%
July
175
.,.
—33%c
——.—
1.55
131
220
15
3%
__.___._10c
Corp
4
al8% a 19%
*
Co
130
1
—
...
Independent Exploration Co
Petroleum Corp
Oil
4%
130
6.66%
common
Intercoast
Ja'de
a7P% a82 %
Inc
Hupp Corporation
a41% a43 %
10%
5
1
Co
Hudson Motor Car Co
i0
1,929
5%
34% May
22% May
54
34
34
6%
9% May
July
6%
414 Mar
50
al5% al6%
—
Jun
1,000
15%
——
July
May
Feb
—
'Standard Oil of Ohio common..
Thompson
1
64"%
1'4%
14%
——1—
Timken-Detroit Axle
Dresser
141
(Un)—
'Republic Steel (Un)
36
Feb
a25% a25%
1
(Un)
Packer "Corp
Jun
Jan
12
5
.4
——
&
56
31%
39
*
Feb
3%
—-—
...
W)
Creameries
Cement
ftR
Central
39
200
528
30
—
____—
Metropolitan Paving Brick
,National Acme
200
35%
14%
al6% alGV-i
1
(Un)
L)
G)
Jun
4
«
Park Chemical
Raisin
Feb
6%
52%
5%
«
10
Packard Motor Car..—
Davis
5%
100
492
2
Corporation
National
8%
7%
62%
6%
6%
—.
Jan
40% Mar
12%
13
8
7%
common—
Abrasive common—....
Consolidated
_-10
Jan
1% May
10
_
Jan
35%
Sessions
Jan
4%
Feb
1
Bendix Home Appliances
14
a4614 a47%
*
Kelley Island Lime & Trans
18%
Feb
10
California Packing Corp com.
1
Rayon (Un)
Steamship
Tnteriake
Mar
3
90c
9%
_
Chrysler Corp
Industrial
16
100
1
Products
Murray
«<-to -JUu
.
700
Sugar
Mid-West
13% July
-
18%
preferred
Mfg
V--
1
--
Jun
Feb
39%
.50
Preferred
170
14%
_5
Halle Bros common
'
a42% a43%
*
41
790
-rwo
3%
*
Products
Jun
a23% a24 %
—*
_—r
18
<4 *•
1
2%
;
—
Screw
10% Mar "
1,059
17
common
Drug
Masco
12%" "
1,200
..._—1
Kaiiser-Frazer
'
3%
.1
Manufacturings
Jun
a60!4 a6214
10
3% Julv
Apr •;
1
Jan
60
3914
*
2'A
3%
_1
...
Apr
51
50
a49% a49l4
25
(Un)
General Electric common
Mar
20% Mar
Jun
81% Apr
43% Mar
87
23
1,500
Feb
10%
17% July
Feb
200
47%
22%
1
_
6% Jun
21% Jun
500
5,912
3%
13
1
_____
common
Hudson Motor Car
Barker Bros
Faultless, Rubber..,
4
5%
21%
Jun
23
Jan
July
Feb
34%
20
-
Jun
7514 Mar
al5
86
al5
24% Jun
158%
190
a62% a62%
*
—
High
3% July
4% May
Jun
200
:
a38% a40%
4
(Un)
3
50
22 3 4
*
4
Electric Controller*
Erie Railroad
1714
100
—
Low
a314
2214
10Y« Jun
61
Standard Tube class B
Range Since January 1
225
a3714 a37%
25
preferred
Sales
153% 153%
...I
Iron common..
Cleveland Electric Illumin com
Cleveland Graphite Bronze (Uni
Consol Natural
2214
6% Mar
3
—
Sheller Manufacturine
^Shares
3%
a 314
5
-100
(Un)
800
3
1
.
Houdailie-Hershey
Scotten-Dillon
High
3%
1
Body
&
American Tel & Tel
Cleveland
LOW
9%
17%
for Week
Range
tff Prices
.50c
Mfg
6% Mar
-
1
—
Brewing
Paige
Graham
River
Exchange
Week's
Friday
118
3%
Motors
Rickel
Sale Price
425
1
..
__
—
General
Parke
STOCKS—
Mar
475
12
_5
—
_
Brewing
Peninsular Mtl Prod common
Cleveland Stock
21
1% May
8%
3
Ale
Motor
Randall
Rapid
12%
Jan
Jun
*
A-pr
Feb
21%
5%
5%
1
_
Jan
25% May
49%
23%
H
36%
Feb
1%
9%
;9%
3%
common
Frankenmuth
Hoskins
19% Feb
125
July
49%
97%
4
———.
6
98% May
8% Jan
20
10
common
«
Lunkenheimer
—
--
*
Gibson Art
Proctor
—
10
,
—
July
29
'
for Week
6%
____50
.Early & Daniel.,.
Little
—
25
—
Tel
Bell
Eagle-Picher
Formica
20
commonL
5
__
—
Gerity-Michigan Corp
O &
N
-
16
21
Iron
Detroit-Michigan Stove
98
—
*
*
31
'
„
'
Electromaster
col Prices
Low
1
Cleveland
8 %
100
--
135
-100
-
1%--
8%
-r
Edison
Detroit Gray
Sales
Range
Sale Firiee
Par
Laundry
Exchange
Week's
&
8%
32%
<2% Jan
Feb
2-1%
1
Bros
Detroit
(High
2%
450
15%
—.—
Motors
Detroit
•8%
1%
•
Range Sine* January 1
ZiOto
2%
32%
—
*
1
•
Burroughs Adding Machine—
Davidson
Cincinnati Stock
—
—
....—
'Shares
High
•2%*
"
2%
0
Bi'iggs Manufacturing
Brown-McLaren
Continental
C
Low
Baldwin Rubber
Corp common
Oil
United
American
*
—
...——
Sales
for Week
Range
kit Prices
Sale Price
Jun
Exchange
Week's
Friday '
Jun
69 %
.
Detroit Stock
11% May
Feb
7%
23
—
'
Jan
45
Feb
4,600
81%
—
Springs
18%
82%
-
X25%
—
—
.
Jun
44
—
36
27%
—15
J- DETROIT
Randolph 5530
Telephone:
26% May
700
:
12%
Chicago Stock Exchange
Exchange
Building
11% May
300
14%
33%
•
Ford
5% May
22%
="'¥"
36
J-.U. —25
N J.,..^
Studebaker
Sunray
1,000
—1
'Oil Co Inc
Bocony Vacuum
-
Detroit Stock
18% July
Feb
13%
•
common..
12V2
21%
22%
•
common
5
21% Jun
14% Mar
14% Mar
—
4%
*
(The)
Republic Steel Corp common
Standard
;5
33%
Inc
oil Co
Standard
600
1,500
—
com. —JP
new;
Radio Corp of -America
Radio-Keith-Orpheum
;•
#
-2%
Airways Corp
Paramount
Fepsi-Cola Co
18%
17%
'
—
«
Packard Motor 'Gfc*----—
Pan
17%
16%
10
American
97 %c
...
Jun
4% May
1.70
Jun
Feb
15
45
.
;Jun
U'WM '
Jan
61
Apr
Monday, July 26, 1948
THE COMMERCIAL & FINANCIAL CHRONICLE
(376)
36
OTHER STOCK EXCHANGES
RANGE
STOCKS—
Friday
•
Lane-Wells Co
———
Lockheed
Aircraft
Manufacturing
Menasco
Petroleum
Merchants
Nordon Corporation Ltd
1.25
22
2%
2%
1.35
1.45
1
1.70
1.50
1.70
16c
19c
1
..
Northrop Aircraft Inc.i.Y.i——i.—1'
Occidental Petroleum Corp
L—
1
Oceanic Oil Co
11%
Y
1,100
...
Jan
Southern
1.55
Standard
Brands
24c
Mar
35c
6%
Products,..
Clay
2.65
17
Pacific Finance
Corp common
600
.12% -Feb
20%
20%
270
15% Mar
Pacific Gas & Elec
6%
10
30% Mar
14,100
Oil
Oil
Studebaker
Swift
Apr:
33%
34%
1,U5
34%
34%
220
33
5214
53
375
47% Mar
55
23 % Mar
24
Pacific
Lighting Corp common——.*
Public Service 1st pfd
*
Pacific Western Oil Corp
10
Republic Petroleum Co common
Rexall
Rice
__
'• r'j_
a25% a25%
50
a5l%
a50% a51%
10
_
Gas Co
Oil &
Reserve
—1
Oil
'
Security Co
Corp
Sierra Trading Corp..
Signal Oil & Gas Co class A__
Signal Petroleum Co of Calif
•Sinclair Oil Corp—.
Southern Calif Edison Co Ltd
Orig
preferred
4.48%
convertible
Standard
Oil
2714
49
Jan
4% Feb
<
50
25
2714
27%
550
27%
Warner
408
20%
Woolworth Co
122
Feb
<32o
Feb:
15% Feb
22c
180
85o
32%
Mar
30% July
Mar
American
26
May
42% May
28 Y July
28% Jan
Oil
United
California
of
Steel
States
24% May
Tel
Curtis
34
34
140
32%
Feb
561/2
1,045
44%
Feb
2,079
55
Budd
62% July
Jan
72%
3,449
9%
Feb
12
1,381
10%
Feb
13%
13%
13%
116
Mining
34%
331/8
35
*
new
7914
79%
79%
830
40
42
200
10
com
2,743
Brewing
1
1.30
1.35
700
25c
4%c
5c
Delaware Power
Unlisted
5c
6%c
3,000
Corp
Allis-Chalmers
•
American Radiator & Stand San
American Smelting &
3%
70c
Feb
2c
Mar
5c
Jan
4%c Feb
1.80
8c
Apr
300
3
Mar
37
Mar
41 % May
25
15%
14%
15
815
al53%
al52%
Corp.*
Refining Co
a58% a60%
*
199
7%
Jan
12% Mar
Mar
48
19
Apr
3% May
Feb
49 V* May
10%
_L l
a45%
a21%Y
a'10% al0% '
•
May
10% July
304 J
175
10 •
18%
Feb
24% May
25%
Feb
33
7%
Feb
11% May
Jun
49 y2
44% Mar
170
a447/a a46%-
.
r\ 14
400
10%
a21
428% a28%
a28%
'
Sale*
Week's
Jun
>•
Range
for Week
of Prices
Shares
Last
!24%
153%
Range Sine* Jannary 1
'
High
Low
High
24%
408
22% Mar
21 Va
152% 154%
2,051
147% Mar
158%
14%
8
12% Feb
22%
14%
9%
59%
110 :
65
112% 112%
10
475
52%
50
905
1,450
65 Va
Jun
Jan
7
2
May
11% May
Feb
2% May
Mar
1
11%
2
11
116
Mar
Jun
Feb
8
155
61%
Apr
Jun
17
13 V\ July
17%
17%
50%
52%
63%
2,008
_5
Brothers
19%
20%
120
12%
654
10
50
6%
i
—
11%
6%
49%
7
56%
Spb
Jan
Jun
50% Mar
65
17%
9%
Feb
Feb
25% May
4%
60
6%
18% May
15% Mar
363
58%
Feb
13
7% May7% July
5% Mar
1,175
May
19
—50
19%
1,957
18
Jan
20% July
19%
*
20
3,116
16%
Feb
22% May
div
43%
160
40%
Feb
48%
23%
3,670
21V*
Feb
24%
22%
23%
319
21%
Feb
25
Apr
38%
41%
842
28
Jan
45% July
Jun
Mar
preference
*
com.
common
21%
22%
965
26%
27%
200
21% July
26% July
23% July
*
50
Public Service El & Gas
$1.40
42%
22%
10
*
*
3
24%
24%
451
16%
27% July
12% Jun
28% July
Mar
10
16% May
ce;
Low
*
Pennsylvania Salt Mfg common
Philadelphia Electric Co common
$1 div preference common
Philco Corp common
4% May
150
a8%
July
Apr
3%
a8%
1
—
30
Feb
13% July
10
Pennroad Corp
July
a35% a36%
3%
a35%
1
Co—
Mfg
American Airlines
23%
Jun
a_l
'.
a—
Feb
"
_
■
2Vs
13%
Light
Battery
Corp
Lehigh Coal & Navigation
Lehigh Valley RR
Gimbel
Stocks—
Alleghany
Motors
&
Storage
General
Jan
44 %
11,030
__10c
Mng Co
Zenda Gold Mining Co
Apr
42%
Jun
Stocks—
Imperial Development Co Ltd
25%
'
38%
*
Co
Pennsylvania Power & Light
Pennsylvania RR
Cons Chollar C & S
Feb
39% July
50
1
Co
Publishing
38% July
83 % July
July
19V4
1,367
201
•
21%
40
Jun
105
41% 1
2%
20% May
.67% Mar
Jun
32
610
50
common
13 % July
Feb
Jun
62%
Feb
3%
-13
i
Co
Cooper
15% May
25
common
66%
Feb
19%
74'
13%
■
—
•
100
Locomoti\je
Bankers Securities Corp
Feb
541/2
11%
53% Feb
49%
795
126
3%
—*
Chrysler Corp
11%
Jun
36% Jan
„
13%
Sale Price
Tel
&
25%
Corp
Universal Consol Oil Co
-J
10
Baldwin
29% July
34% Jan
2
29%
a45% a45%
__
5
Co
American Stores
36;
Jan
Transcontinental & Western Air Inc..5
Union
Inc
(F W)
25
Jun
Corporation
85% July
,
Feb
30% Mar
.
25
Par
22%
,
60
.
Jun
28
6814
17
240
Friday
285
13%
,
a28% a28%
3%
STOCKS—
505
12%
71% Feb
Jun
62Va
Mar
38
,
758
a88% a91%
"
__
1
10
Corp
il2%
Motors
Inc_—__t__1
Electric
Transamerica
.10
...
j
Mar
2414
6 61/4
/28% Jun;
Philadelphia! Stock Exchange
281/2
13%
47.'.May
Feb
1,656
28 Va
39%
__
May
28
6814
Feb
25%
81Y
al9% a20%
__
July
241/4
*
Jun
35%
Jun
25
Calif
Jun
23 Va
41% July
25
pfd cl A__25
.•
55%
Feb
95
25%
27
41%
Electric
Willys-Overland
Mar
15 %
a20%
com_50
new
(Del)
Pictures
Bros
Westinghouse
jun
T
17% Mar
Apr
Co
Western Union Telegraph
20% May
32% .Feb
•
Lines, Inc
32% May
6,268
July
15
a65% a67%
28%
____5
44% Jun
800
1
Co
Jun
7% May
1.30 May
Feb
38V2
26%
6%
Feb
Jan
30%
26%
Air
Corporation
Mar
4,000
54
;71
235
a59% a61%
..
10
Corp
United
Feb
15%
Apr
215
2,965
a33% a33%
—.
.
U S Rubber Company
12o
38I/2
Company.
of
37c
Aircraft
Jun
46
210
24%
27'A
May
United
28%
175
33c
Pacific Railroad
Union
32 Y
4% July
5%
.
Union Carbide & Carbon Co new com_*
57% Jun
Mar
85c
32%
a49
80%
24%
25
-
Feb
54 /
19%
a46%
:
"
Company —————————25
July
"50
3,000
165
36c
25
1
13% May
July
26
a44% a45%
:—25
llVa
565
'170
a27 a27% v.
(Ind)
«0
&
18Va
a45%
(N J)
Twentieth-Century-Fox
Jan
Jan
152
52
14
30%
Oil Corp
Sunray
50
25
preferred
Southern Calif Gas Co 6%
Pacific
.
13
25
preferred
Southern
961
37%
Co
Co
54' '
'
*
Corp Y
United
22
200
25
v
cumulative
2,185
17%
8,916
.
a37% a37%
*
.
4.56%
18
37%
•
..J
1
com
cumulative
4.32%
18%
978
*
—
:Jr 4.83%
51/4
181/4
.
30
15
25c
Shell Union Oil
V"
44%
514
17%
<St Do.—————.—..*
4,400
38
Feb
580
V
381/4
g
Seaboard Finance Co.——————a-1
Roebuck
7%
1.15
Jun
35%
Mar
49
370
5
,6%
971/2C
43-
Ryan Aeronautical Company——•
Safeway Stores Inc.,
5
Sears
4%
a.
*
.
'
Y
940
27
(
1.05
1. Y
^——•
common.
25Va
•
2.50
Co—...;
Richfield, Oil. Corp
25 %
.1
———:
Drug Inc.—..—
Ranch
21%
25
Pacific
*
i
Inc
Texas Gulf Sulphur Co_
Tide Water Associated Oil Co
l7.^Jun
,
25
common
preferred
1st
,
'54
19%
High
Low
"
2.90 Jun:
Feb
17
Standard
Standard
Jun
70c
May
2.40
——*..
Range sine* January 1
Share*
■
12% / 11% 12% .
a30%
a30% a30% Y
:—15
...
13% May
Feb
1.95
July
1.75 May
1.05 Mar
15o
1.75
Corp.
Oil Co
Railway Co
Socony-Vacuum
Texas
Pacific
Distillers
Feb
95c
1,100
Schenley
,
Seaboard Oil Co of Del.
1.30 Apr,
3% Mari
1%
.
700
12'/a
Y.: 'Sale*"/ "
for Week,'
High
Low
.
St RegisPaper.Co————————3
Apr
1.60 July
24% Jun;
Jan
Jan
3,000 ^
400u
L
50c 52 >/2 c
1
14%
90c
.509
.
30
1.10 Mar
520
600
,
Par:
High
20% Jan
2,300
•
Week'*
Y Range
of Prices
Sal* Price
,\k
80
1.30
1.35
-
t
22%
1.20
1
Friday
Last
Y',
•
STOCKS—
Range Since January 1
Low
$•'Y
1.45
22
1.30
1
Co
Co
Oil Mng & Dev Co——
Mt Diablo
1.45
1
——1
Corp
Mascot Oil Company.
Share*
High
a26% a27%
—Y. loa
Co
Petroleum
Lincoln
Low
1
__
for Week
ef Prices
Par
.
JULY S3
Sale*
Week'*
Range
:
:
Last
Sale Price
FOR WEEK ENDED
Reading Co common
Salt Dome Oil Corp
May
11%
1
10
11%
Feb
8% Mar
L
American Tel & Tel Co
100
American Viscose Corp ...
Anaconda Copper Mining Co
Armco
.14
.50
..10
Steel. Corp
Armour
&
Atchison
Co
(111).
Avco
.
72
660
148 % Mar
a.-3&.T
13%
alll%
;
32
Feb
12%
13%
530
205
91
6%
5%
13
al4%
al4%
27% Feb
Jan
Tonopah
405
6%
42%
Apr
117% July
49% July
465
a44% a46%
a45%
3
Paper
a.
4%
Feb
*
46%
47%
255
39% Mar
*
common
Tacony-Palmyra Bridge—
Class
A
participating
11% Mar
al08 % 111%
506
Scott
I Sun Oil Co—.
—
.
28%
.25
(Del)
978
;
28%
....
Mfg Corporation
C$3..
15414
36V4
36%
Topeka & Santa Fe Ry__100
Atlantic Refining Co
a
a65% a66%
66%
68%
200
50% Mar
50% May
70%
Jun
68
July
'
Mining
1%
215
1%
2%
60%
10
68
68
*
1
3%
Apr
1%
Feb
1
Jan
2
645
Feb
3% May
Feb
23% May
7% May
United
United
Corp
Gas
1
common
Improvement
21%
13%
885
22
20%
...
'
/ Baldwin Locomotives Works
V
14%
115
12%
Feb
100
14%
14%
38'5
10%
Feb
16% July
5
a39%
a40
100
33
Feb
44
———,-i-K
a31% a33%
280
27%
Feb
———•
a33% a35%
405
30% Mar
37%
42%
100
39% Mar
42% July
a58% a59%
60
47
65
alO al0%
140
Baltimore & Ohio RR Co
Barnsdall
Bendix
Oil
Aviation
—
Corp
Steel
Bethlehem
.
Co
Corp
Borden Company (The)
Borg-Warner Corp
42 Va
15
5
Budd Co
al0%
•
Canadian Pacific Railway
Co.
—
Gas
System
Vultee
Foods
General
Goodrich
(B
F)
International
8
Jun
27%
Jun
85
2% Feb
24%
10%
10%
10%
350
10
16% Mar
8%
8%
435
60
235
50
a30% a31%
130
27% Mar
11%
380
12%
13,126
11%
11%
11%
1
85
40%
824
80
40%
40%
13%
Corp-—-—.
July
Mar
69
Jun
33%
Jun
7%
Feb
4%
Feb
20
Feb
32
Mar
34%
Feb
11%
Feb
110
51%
Feb
4%
400
3%
Feb
a44% a44%
55
a58% a58%
Co
4%
11%
595
12%
50
a 14% a 14%
Jun
10
395
13%
3% July
6% Mar
*
a25
a25
,
13
Jun
July
12% July
27% July
42% Jun
40
Jun
15
July
53% Apr
5% Jan
32%
32%
Il5
32%
175
a57% a57%
•
Gas
Pitt
Electric
&
York
New
Prod
Central
Apr
62
12%
Jan
16%
Feb
59%
Ohio Oil
Packard
10
21%
Feb
22%
347
18%
Feb
23 Va
5,185
National
Ohio
Penn
Oil & Gas
Federal
^Pittsburgh
Oil
&
Gas
Oil
Steel
&
100
4%
Feb
8%
Feb
13
Apr
31% Mar
48%
63% May
12
25
a
56%
a54% a56%
257
Feb
Pennsylvania
Phelps
Dodge
Pullman
Pure
Oil
15% Mar
21%
Jun
19%
195
18% Feb
22 %
May
12% Mar
17%
882
1,545
9%
162
15%
—100
23%
23%
United States
Glass
a36 a38%
a38%
4%
Republic Steel Corp
page
42.
300
63
"
20
35%
120
8Vt
8%
„
100
2
2
35%
1% May
30
Mar
1% Mar
34%
7%
Jun
10% July
27
May
23% May
24
July
6
Apr
■>
65c
Feb
2
July
52%
Jan
2
Apr
Feb
39% Jua
Feb
10
80c
8'5c
525
80c
July
11c
12c
2,500
10c
Mar
Jan
1% Mar
19c
32%
32%
30
27% Mar
May
35% Jun
14%
14%
175
11% Mar
15
1
7%
7%
100
5% Mar
*
12.50
36 Va
38 Va
356
32%
28 Vi
28%
132
25% Feb
c
St. Louis Stock
Jan
Feb
9% Apr
39 %
Jun
33
Jun
Exchange
Friday
Manufacturing
Bottling
5% May
8%
Feb
11% May
Jun
18%
Feb
697
16%
Feb
475
13% July
22
Jan
a52% a55%
420
41 % Mar
57
May
49 Va
May
44
May
21% May
42%
42 %
555
42 %
35%
585
25%
12
13
a8%
1,815
8
Feb
15
Jan
a8
110
8
Mar
11
May
28%
29%
965
Feb
22% Feb
Jan
7
Apr
29
30%
80
27
Feb
19
28%
115
16
80
8%
28%
—
.
r
75
Apr
26% Mar
6% Mar
High
19
8%
Jun
Jun
32
Jan
20
Jun
31
May
15
—1.
22%
22%
23%
150
*
10
—1.
40%
63%
26%
37%
59%
26%
62
40%
63%
26%
66,
540
38
39%
16%
(Un)
General Shoe common———...
Griesedieck-Western Brew
—
6
—
303
25
430
15
Feb
Apr
31% Mar
51
23% May
42% May
Mar
64%
25% Mar
31%
36
66
May
Jun
Jan
July
26 % May
"35%
July
13%
19
—
Brewing common———.-5
5
14%. 14%
1
1
common
General Motors common
Feb
19%
-
Burkart
Low
605
18
8%
__
30%
15
'
Bang* Sine* Jannary 1
High
17%
18
3
common
common
40%
Feb
4%
14 %
\
Brown Shoe
Low
1
American Inv common
Columbia
19%
—.*
of Prices
Shares
Par
Coca-Cola
13%
a55%
for Week
Jan
26%
335
Sales
Range
Sale Price
STOCKS—
18% July
16%
Week'*
Last
13% May
395
22%
•
common.l
*
Feb
1,030
22%
*
Corp of America
Radio-Keith-Orpheum Corp
see
5
425
25
u——
t
Falstaft Brewing common—
General Electric common (Un)
10%
.—....50
Company
v
27% Jun
10%
33 Va
Inc" ..Urj:.—
com
300
.2.50
Corporation.
2
33
2
14*%
1
:
Apr
17% Feb
1
Railroad Co
footnotes
425
19%
—-*"
Radio
For
17%
15%
Paramount Pictures Inc
Jun
Jun
19% May
Jan
12
——1
Gas__.
Spring
Apr
31% Mar
17%
12%
Pepsi-Cola Co
50c
13
al4
a32% a32%
15%
Pan American Airways Corp
400
33
6% May
10% Apr
17%
Co
65c
1
Mining
Shamrock
Feb
1
.'
Standard
4
60C
*
Pittsburgh Screw & Bolt Corp
Renner Co
Toy
550
*
5
10
pfd
Pittsburgh Plate Glass
San
4
*
Corp..
11% Mar
4
5
Brewing $3.50
Pittsburgh
19% Apr
•
Car
26 %
20%
July
16% Feb
■
11%
Company
Motor
26%
20%
Refractories
Supply
Fireproofing Corp
Jun
5%
.
•
Northern Pacific Rwy Co
com—•
10
Star
Jun
42%
58%
70
53
667
13%
1
Inc
7% Mar
High
33%
33% Jun
440
———*
Co
10'A Feb
9%
Jun
10
5
Lone
25% Mar
10
Aviation
American
167
552
9%
Westinghouse Electric Corp
9%
—
RR
American
10%
12%
Westinghouse Air Brake
16%
5
North
200
Gas
Walket
Harbison
16% Jun
a14
North
16%
10%
*
13% May
360
.18
Corp
16%
10%
Mountain Fuel
Bank Bldg & Eqpt
Distillers
Feb
Mar
1
Brewing
Feb
9%
Magnavox Company
Nat
25
13
13
Columbia
Fort
Co
(D L)
Feb
16%
Corp.
Low
70
138
*
Clark
Range Sli
30 Va
28%
•
*
Co
11%
5%
Inc
Nash-Kelvinator
Shares
High
Blaw-Knox
10
Jun
...7
Montgomery Ward & Co Inc
for Week
Range
Alleghany Ludlum Steel
48
—4
McKesson & Robbins Inc
Sales
Week'*
of Prices
Low
Par
37% Mar
485
13%
54%
-
Sale Price
'
*
Paper Co
& Tel Corp.
28% May
21% Mar
,*■
Tel
25% Mar
281
a38% a38%
McNeil & Libby
Loew's
14 %
Apr
3,670
a31%
—5
Kennecott Copper Corp
.
Laclede Gas Light 'Co.——
Lib by
Feb
24
24
Graham-Paige Motors Corp..
Great Northern Ry Co pfd——
Greyhound Corporation —
—
Interlake Iron Corp
International
Jun
10%
165
60
International Nickel Co of Canada.
63%
Apr
3%
Corp
Public Utilities
61
24
.1
General
53% Mar
May
2%
1
General Electric Co——
19
Mar
Last
STOCKS—
July
11% May
Mar
33
Friday
Jun
8%
-.1
common
10
Pittsburgh Stock Exchange
Jun
37% Jun
170
*
Co. (The)
8% Feb
Jun
12%
3%
(N Y)
class A
258
a52 a56%
12%
.25
Continental Oil Co (Del)
Crown Zellerbach Corp
Publishing
«
Jan
17%
a24% a24%
a26% a24%
..
Aircraft
Curtiss-Wright Corp
72
a56%
a24%
Corp
Continental Motors Corp
Curtis
1,095
*
Commonwealth & Southern Corp—
Consolidated Edison Co
16%
a587/s a59%
IlO
Inc
Commercial Solvents Corp
Commonwealth Edison Company
Cons
15%
16%
—
Cities Service Company
Columbia
.25
•
Caterpillar Tractor Co
a
31"%
Jun
Huttig S & D common.
5
Hyde Park Brew common——_4
Hydraulic Pressed Brick common
1
Johnson-S
Shoe
&
common
common
Shinkle
KnappfcMonar<h
common
24
1%
50
185
I'7*
100
33
235
33
Mar
14% July
1% July
24
July
39% Mar
42% Jun
24
Jan
2%
30
Feb
Mar
42%
1 Y
*
41%
43%
2%
—*
common——'——1
14%
24
50
Preferred
International Shoe
Johansen
—
15
1%
2%
12%
25
2%
Feb
9%
9,%
165
9%
Jun
12
Jan
Mar
10
Apr
—
>
''
—•
V
9
•
240
.
v.-
'8
45%
3%
Jan
Feb
Volume
168
Number 4719
■
i
COMMERCIAL
THE
&; FINANCIAL CHRONICLE
OTHER STOCK
V
RANGE FOR
EXCHANGES
JULY 23
WEEK ENDED
7."Sales
.....
Week's
Bale*
Laclede-Christy
Laclede
Gas
Laclede
Steel
common
Portland
Cement
Scullin
Steel
Securities
25
Stix-Baer
Wagner
Electric
17%
50
7
958
5%
17%
17%
100
38%
185
*
__.
38%
:_.ioo
common.
100
1
5
20 %
23% Jan
19
May
16
May
32V4 Feb
;
Feb
Kaiser-Frazer
Kennecott
42 Ve May
100
20%
20%
50
15% Mar
16 y4
200
13
Feb
54%
305
48
Feb
55%
Corp (Un)
Co —;
Copper
Leslie
Salt Co
Gl
McNeill & Libby
Lockheed Aircraft Corp
Inc
Loew's
San Francisco Stock
Friday
r
Last
STOCKS—
of Prices
Air
Mfg
Reduction
Alaska
Co
<Un)_
Co—
Airlines
3%
3%
1
(Un)____
a23
3%
__
1
Inc
a22y2
a23
—10
%
8
>
.
3%
%
300
3%,;,:,
Jun
1%
23 % Mar
45
200
Feb
8
8%
200
7'/2
Jan
10
3%
3%
100
2ya
Jan
4
Light (Un)
*
American Rad & Stand Sanit'y (Un)__•
Amer Smelting & Refining
(Un)
*
9%
9%
100
7
Feb
Power
American
Tel
&
&
Tel
American Woolen
Co
Co
(Un)
14%
15%
a60%
100
al53%
15 %
a59% a60%
a
(Un)__
152%
154(4
a
51 VB
11%
12% Mar
670
202
51%
67
618
37
Mar
50
35
35%
660
31
Feb
20
28%
29%
1,578
28 Va May
5
al2%
a
12%
55
11% Mar
110%
a
110%
(111.)
(Un)_
f Atchison Topeka & Santa Fe
Atlas
Corp
Atlas
Imperial
Avco
Mfg
Engine.
(Un)__
Corp
'
'
of
Bank
California
Barnsdall Oil
& Basin
Co
N A
15 %
250
300
330
90
320
a40%
May
Oahu
360
-
95
40 Va
Apr
42
May
11(4
Jan
15
Apr
31
Ohio
Feb
38
Oil
Oliver
Pacific
Jun
15% July
19% Mar
30% Mar
37% Jun
21'A
20 %
22%
5,632
6'%
Feb
3%
3y2
3%
6,068
3
Feb
24'A
24'A
461
23
Feb
29%
Aor
Pacific
Co
9
——
■JCase (J I)
& Co (Un)__
Caterpillar Tractor Co—___,—
Celanese Corp of America—
Central Eureka Mining Co
Chesapeake & Ohio Ry (U11)
Chicago Milwaukee St Paul &
41%
Jan
5%%
41% Jan
Jun
64%
Lighting
34
5%
150
3%
Apr
6% Jun
Pacific
8(4
130
7%
Jun
9
Packard
28
Feb
10
Mar
75
a59Va a59%
43%
34%
355
1.00
1.05
1,300
25
37%
37%
627
68c
Western
Pacific
vtc
Chrysler Corp
Cities Service
Co
(Un)
100
Co
a37%
a57%
pColorado Fuel & Iron common
Preferred
Columbia
(Un)
Commonwealth Edison
Continental
Oil
Pennsylvania RR Co
Pepsi Cola Co
Phelps Dodge
-Jun
Companies
10 V*
Crown Zellerbach
5
*
*
*
1
10'A
8%
10
100
8%
100
a60% a61%
135
1
K:
$4.20
7%
49
10 Vi
10%
310
30 Va
31%
2,888
100 101%
401
91%
Mar
B
Oil
Mar
Dominguez Oil Fields
Dow
Chemical
Co
49%
Julv
Kodak Co of N J
Oil Works—
Eastman
Richfield
and
S
Tele
103%
Feb
7%
Feb
13
4%
Feb
.
General
70c
5,864
50c
May
13%
350
12
Mar
12 %
13'A
619
12
Mar
6% Mar
Paint
%
1.00
16%
Union
2nd
Jan
Apr
46 Va
46'%
233
34%
Feb
46 %
Jun
5%
5%
200
4%
Feb
a41%
•
a41% a41%
19%
20
20%
39
170
15%
1,220
13%
150
38
594
1.60
1.85
2,550
16
16%
137
9%
10(4
1,548
1
1.85
16%
1
State1
Golden
a39% a39%
9%
30
1.05
14%
Mar
25
4 %
Feb
16
Mar
(B
Apr
3
34% Mar
24
-
5
Feb
35
_2 %
11%
11%
11% May
12
60
61
1,005
51
Mar
18
653
17
July
23
•
Holly Oil
Honolulu
Co
h Hunt
Oil
Foods
18
19
200
17% July
Corp
100
22
28
19
18 Va
19
68%
69
15%
1,676
July
Feb
215
66
Feb
a58 Va a58 Va
a43(4
20
53
235
——
4
a44'/a a44%
12
11%.
12
.
3%
230
100
40
10%
Hudd Corp
Hutchinson
Idaho
■
/'•■.
■
■'
(Un)
415
16
629
16%
4%
1.60
69
a
Plantation
Mines
see
Corp
page
4,075
7%
305
70 %
1,955
18%
al5%
42.
7
98%
232
90
Feb
5
555
49
Feb
4'A
Jun.
104%
Jun
61
Feb
May
5% May
10%-
10%
8% Mar
435
11%-May
'.'ft
Feb
24 %
25
490
22
21%
22%
737
18% Feb
19%
19%
441
17
150
„.
15
137/a
41
10
1,911
a42% a42%
100
101
26%
12%
12%
1,158
8
8
193
37%
37%
50
a30%a30%
15
200
4
75% Jun
July
44% July
a33% a35%
ft .Jan
-
58% July:
18% May
Feb
107
28 %
26
May
22
ftr,
Feb
a70% a70%
May -ft..
22
Feb
55%
50
—ft
ft
Jun
;
28
X 26% May
Feb
430
al3% al33A
55% 55 %
15
ft
26
28% May
.
49 % May
__
Feb
42
% May
8
Feb
15
__
Jun
7%
Feb
—
__
32%
__
—
21 %
43%
Feb
35
Jun
Feb
34%
Jun
1,524
62
22%
Feb
31%
Jun
36'A
Apr
40 %
Jan
* '' 448
a36% a36%
20% 21%
38% 44%
22 Va
20%
Feb
30
Jan
175
15%
Feb
23%
250
27% Mar
350
31
14%
153A
24
May 4
48% Jun m
14% July
17% Mar
4,509
22%
30%
May
13% May
15
'
.
Jun
34% May
__
10c
11c
154,500
33
33
33
15
27%
39
39
405
32%
21
Feb
Feb
•
15
*
al8 al8%
__
39
__
235
39
9c
Jun
35
May
41% May
46%
30% Mar
195
May
21c
Jan
14%
Feb
23
28
Feb
34
30
241
180
Jun
July
321/4 Jun
'
52%
__15
7
7
2.00
2.10
1,075
.ft
—
7
.
625
28
29% July
33 %
33 Va
34
370
32% Mar
*
57
56%
57'A
960
44
Feb
28
28
411
22
Feb
30%
10%
all
75
Feb
13% May
45c
45C
65
45c
a26% a26%
90
24
1
——
Co
of
Calif—.
Co
of
N
Inc
(Un)
•
5% Jun
.
Feb
28%
28
__
__
__
__
__
v
25
JUly
a
.
9%
Jan
34.
ft 62% July
1.10
May
Jun
Jan
29
Feb
Jun
Ass'd
Jun
Oil
Co
of
United
Corp
of
Calif
28% May
18%
18%
33%
250
15
Mar
21
100
32
Mar
33%
Feb
Jun
Mar
36%
Jan
66%
Jun
32%
Jun
50
52%
Feb'
25%
28%
2.945
19%
Feb
11%
11%
12
8,414
10%
Feb
13%
Jan
39%
41
1,307
39% July
33
34%
1,139
21%
12%
—
10
(Un)
1
—
__
—
Sugar Co
Equipment Co
*
al4
92
16%
—
—
—
al4
3
3
2.75
9
2.85
10
1,036
315
600
1,558
25%
26%
255'
10%
280
95c
10%
2CO
1.10
8%
24
400 5:
42
96 %
Apr
20
Jan
19
Apr
3% May
2% Mar*
160
79%
38% July
Feb
Apr
14% July
72
79
42
42% July
14%
130
al3%
:
91% Mar
15
16%
__
__
5
1
(Un)
a61% a61%
92
—
10
68% Mar
82% July
42
45 Va July
"Jun
3%
7%
Feb
Jan
11%
2% Mar
Jun
'
Agricultural
Preferred
Indies
5
(Un)
Westates Petroleum com
West
20
Co
Pictures
Bros
Fargo Bank & U T
100
1
___^
(Un)_
(Un)—
1
Western Dept Stores
Western
5
May
Westinghouse
•Jan
Willys-Overland
2.85 Jun
90%
16% Feb
33%
9
Del
Mar
:
73
69%
180
28%
25
com
Inc
19
13
54% Jan
807
a61%
♦
(Un)
:
Utah-Idaho
Victor
2,525
25%
10
———
Lines
68
82'A
25%
25
;
com
Carbon
—
Sugar
Air
&
—
64
82%
2
Oil
Corp
Carbide
__
25
(Un)
Company
68
__
1
10
May
22% Jun
.<
•
(Un)
U S Steel Corp common
^Universal Consol Oil new
10% May,j
78
J
(Un)
Corp
Water
Warner
1.90 Apr
Jan
22%
24% May
25
_____.—
Oil
Wells
July
Jan
142
381
preferred
A
__
Gas—
Oil
Apr
16% Feb
50
Jan
Jun
25
28%
24
27'A
Pacific Co
California
Brands
Jan
3% July
30%
25% Mar
24
27'A
27'A
*
19
15 % July
•
30
Jun,;
May
25
25
25
conv
2
22
10
(Un)—•
com
preferred
preferred
preferred
cum
Corp
Feb
Jan
&
18% May
.
1,460
Mar
Jun
,
ft,Jan
22%
28%
22 Va
54
May
31%
33%
27%
33
34
11% May
.
19%
United
Jun
48
Feb
51
100
.
97%
a50% a50%
4%
5
31%
Preferred
Apr
46% May
5% Jan
Feb
15%
3%
(Un)__1
26
30
Union
55
Mar
al9
a
3%
.ft:ft-ft1'1
footnotes
__
4%
7
-1
————
Sugar
4
65
—'
*
I
For
16
20 Va
*
—
'
16
19%
6.66%
Maryland
'
16
19%
1
1
—
22% Mar
18%
Union
Jan
72% Jan
T.;.
39% Mar
1,322
Jan
20%
Apr
a41% a43 y4
4
•
—
694
__
Union
22% Jun
22
*
Inc
26
30%
Transamerica
*
i;: Hudson Motor Car Co_
25%
_5
Feb
22
•
(Un)——
May
Feb
40% Jun
19
100
Holly Development
Jun
16
Feb
Waialua
i:
Jun
137
Feb
Jan
15
Feb
22
3
f
ft
12%
122
Tide
18
•
Pineapple Co Ltd
Hawaiian
52
Jan
651
40
42% May
*
9
Stores Inc
Hale Bros
20%
15%
11c
Oil
31% Mar
9
Greyhound Corp
115
55% July
14%
a 18%
Super Mold Corp
Swift
&
Co
(Un)
64% Jun
17
10
R/non-cum pfd (Un)
Gt Nor
35
Mar
5
__P 10
&
Studebaker
7% May
100
*
1
47
(Un)—50
Mining
Standard
46% Jun
170
(Un)_.
—
10
Standard
Jan
38%
com
Inc
Foods
Standard
11% Jun
38%
Co
872
385
* '
Spiegel Inc common
A Jan
21 Va
Jun
5% Mar
♦
,
F)
(Un)
Spring Valley Co
Jun
(Un)__
Goodyear Tire & Rubber (Un)
{Graham-Paige Motors (Un)_,
52
52
42%
45
135% 135%
Jan
42% Jun
340
preferred
Goodrich
Apr
3,051
1,192
Series
Apr
1,18*3
,
31%
178
Southern
43% Jun
Feb
6%
common
Apr
29% Mar
26
6 Va May
27'A
Sperry
39%
Co Ltd
35%
170
Southern
5% Apr
6
___
36%
25'A
4.56%
8%
:
4% Feb
178
4.32%
4.48%
31%
Corp common!
__
_•
Southern Calif Edison Co
Feb
39%
preferred
15% May
27%
Oil
Apr
*
Cum preferred
Conv
Feb
♦
•
15
16% May
•
25 VB Mar
29%
13%
Corp—
General Moters Corp—
General
;
60c
12%
37%
Metals
12%
Soundview Pulp Co
July
(Un)
Corp
Fine
Mauricio
Texas
li General Food
14% May
12%. July
20
General Electric Co
Feb
Gas Co "A"
Corp (Un)
Socony-Vacuum Oil (Un)
128% May
96
450
10,398
Machinery Corp————.—10
Foster & Kleiser com
——2%
r
10%
Mar
1
W
Signal
103% July
12
Food
i\
Jun
652
Sinclair Oil
34% Jun
Feb
689
Radio
&
Corp
Sears, Roebuck & Co
7
—I
—
Farnsworth
Oil
Safeway Stores Inc
Jan
29'A
Ewa Plantation Co
Apr
41%
33
28%
10
1
,
Riverside Cement Co class A
13
12%
*
Emporium Capwell Co
Eureka Corp Ltd
58c
Feb
30% Mar
%•■__
a70%
1
Manufacturing Co
San
26% Mar
4-
•
Santa Cruz Portland Cement
11
(tin) —5
Electric Bond & Share Co
; 1
Feb
27%
1,399
—
*
Roos Bros
16% Mar.
6%
—
39c
550
3,064
__
1
63% Jun
11%
60c
(TJn)—10
Dorado
El
Jan
Jun
34%
a31% a31%
__
25
10% Jun
9% May
—
100
Jan
15
(Un)
Jun
17%
10
.
34
25%
•
(Un)
Feb
29 Va
common
Dumbarton Bridge
(Un)
of America
Corp
Preferred
Apr
11%
•
July
27
Jun
351
(Un)__
69
•
32% Feb
140
98%:
Preferred
Jun
—10
Co
July
Feb
15 Va
—
a50%
Radio Keith Orpheum com
(Un)
Railway Equipment & Realty—
July
25
Jun
*
Co
Mfg
Co
Radio
11%
2
5
common
Doernbecher
115 115%
Jun
Jun'
87
Jun
48% July
6% May
Feb
5
Cypress Abbey Co
Di Giorgio Fruit Corp class A com
Class
31%
—
—
*
Shell
Corp common
preferred
$4 2nd preferred
C Curtis Publishing Co (Un)
L Curtiss-Wright Corp (Un)
iff
10
(Un)
Rheem
38% Mar
—
Pullman
3% May
28% May
Feb
a31%
•
*
110
8%
(Un)—5
17
17
•
Mar ft
295
35
Co___4P100
Inc
Dist
Republic Steel Corp (Un)
Reynolds Tobacco "B" (Un)
47%
13% May
•
Feb
73
Jan
18% July
300
5%
Rayonier Incorp common
15
Creameries of Amer Inc common
Long
14% July
27% May
a45% a45%
11%
ft-i
Feb
15
•
May
6% May
Apr
Feb
Jan
Jun
13%' July
17%
15 Va
5%
55%
29%
a45%
225
85
33%
33%
25
Corp
10%
21
16
85
—
(Un)
(Un)
25% Mar
430
Jun
22 %
Jun
.
15
80
15%
19%
50
a23'/a a24'/a
al5% al5%
35
50
20
a 23%
8'A
5%
(Un)
12%
22% Mar
—
*
62% July
Feb
—
1
a
(Un)__*
81
52c
•
•
a26%
4%
all% all%
52c
common
a2b%
26
12%
—
__
Tel
Pure
65%
Apr
25
6%
10%
a36% a38%
12%
13
(Un)
17%
100
83
30
(Un)
American Airways
11
384
,
Jun
.21%
8%. Feb
18% Mar
20
—
•
al9% al9%
48%
al5%
%
10
25
a5(/2
65 1
20
■
15% May
':ft:
265
,
.
11%
Phillips Petroleum Co__
Puget Sound P & T new
Jan
a__
Feb
a5 ]/2
May
14% Feb
760
ft.
11%
.(Un)
com
Paramount Pictures
Paraffine
11% July
Mar
•46%
__
100
20% July
20% July
2%
«
Jun
51c
1,445
15%
*
13 Va Mar
2,872
3 % Mar
39c
all
17%
a6%
all
—
•
20 % Mar
3%
iftftft
July
48 % Mar
260
12
__
(Un)
com
120
3
O
176
com
580
>
1&%
66
common
25
24
Jan
Jan
Mar ■'
a6%
—
25
al8% al9ya
1
(Del)
Co
Pan
44%
a__
a26% a26%
A—A*!
A
(Un)
Co
32%
(Un)__ 15
1
Co
Gas
Consolidated Vultea Aircraft
Continental Motors
54
122
3%
—25
Consolidated Coppermines
Consolidated Edison Co of N Y
Natural
I"
*
-
Consolidated Chemical Ind class
Consolidated
a26%
•
Commonwealth & Southern
245
;
375
19%>\
19
5
a23% a23%
System cl A__2%
Inc (Un)
9
(Un)
30
a61
Jun
Jan
134%
Jan
1.50 May
-
10% July
200
18%
11%
25
al2%
__
System
Commercial Solvents
a38
a60
a52% a57%
—
__
20
Broadcast
Columbia Gas
a37%
__
*
—
11%
17%
23
Corp
38
■!
Apr
37% July
10%
„
2.50
.10
3Va
(Un)
Chemical
►sClorox
*
ctfs pfd
trust
Voting
'<
(Un)
com
ftv.
33c
267
56%
—
*
common
Oil
Motor
Philippine
ft;
56%
17%
19%
17%
18c
5,200
3,600
.
31 V May
;
Mar
1.15
33c
Jan
37% July
16% July
Feb
31
,
Jun
May
3%
13% Mar
1,620
>
30c
33c
61
:•
68(4 May
33% May
34%
2.40
27c
23
—
Service
45(4 May
Jan
53 y« Mar
1
Jan
Public
40(4 July
19% May
"
*
May
51
Apr
152
52
61
com
1st preferred
Pacific Tel & Tel
47
460
2.25
—
100
Jan
20
14%
20
(Un)
25 y4
666
24%
July
9%
„
Apr
20
-
Mar
17
—
5
Portland Cement
Preferred
Jun
225
976
24
50
1
Corp
31
51
S2
—
(Un)
1st preferred
Pacific
16%
10%
Feb
422
Jan
23% May
Jan
a 14%
13%
Jan
:
35%
32% Mar
25
24% Jun
38'A
14
16
10
1st pfd
16 ya Mar
51
31
:
'
Apr.
ft1
25
Feb
81
:
51
.
Mar
8%
435
.
100
(Un)
Aggregates
& Electric
Gas
6%
4% Jun
64%
15 %
a59%
Pac
Jun
50
a46% a46%
25
*
30
140
37 'A
16
10
1,24^
Filters class B—
302
__
50
50
—
•
8JA
__
al7
a35%a35%
*
100
(Un)
22%
16%
$ Calif Packing Corp common
*
I?Canadian Pacific Railway (Un)——25
Feb
17%
(Un)__10
Cons—
Railway
5%
__
.
Oil
31
__
32
Jan
^ 59% July
July "'ft1 ft
a32% a32%
56%
100
22
—
*
5
a42ya a42%
10
Feb
Jun
Jun
15
2.75 July
—
1
Petroleum
Co
Coast
Pacific
a59% a59%
(Un)
Amer Fisheries
Pacific
200
„
34%
.
Jun
92c
8'A Feb-
211
33c
1
common
Co Ltd
United
540
__
Apr.
9
Co
Pacific
Occidental
July
100
22%
21
•
Investment com
Sugar
36
5
43
44
150
14
—
•
(Un)
American
Northern
1
Mills
Co
North
15%
2'/a
590
889
23
ft'
.
2.75
—
1
preferred _!
15 %
*
Cotton
Amer
6%
35'A
__
57%
46%
ft.
Jun
July *
16 %
42%
34% Feb
29%
30
al6% al6%
__
5
(Un)
Aviation
American
North
36
5
(Un)
Prod
RR
American
North
16% July
Mar
26%
Distillers
Central
2
Co
Cement
230
10%
146
2,451
ft',
17(4 Jun
a32% a33 Va
15
Calaveras
12% May
10'A Feb
Y
North
May
7
Feb
4%
N
*
Corp
(Un)
Sullivan (Un)
Ink
9
14%
33'/3c
&
California
a39% a40%
14%
5
(Un)
./California
100
15
Feb
Feb
Jan
300
16'A al6%
a
a
—
♦
National Linen Service Corp
May
114% May
24
May
6% Mar
1,065
20c
(Un).
Jackson
Byron
6%
14(4
5
Bishop Oil Co
:
Blair Holdings Corp (Un)
Boeing Airplane Co (Un)__
Hill
6
14(4
100
.
(Un)
,
Bethlehem Steel
Borden Co
89'A
20
72
400
100
(Un)
L
Bendix Aviation Corp (Un)__
Bendix Home Appliances
Berg-Warner
6%
160
7
13
Oil
Bunker
6%
—3
(Un)
Ohio RR
&
a20% a21%
2.50
600
75c
35%
2.75
29%
;—10
Natomas Company
40% May
('•. £■" '
Locomotive
Baltimore
a
5
Diesel
}
Baldwin
(Un)_100
(Un).._
(Un)
Co
Nash-Kelvinator Corp
Auto Fibres
National
15
Co
&
55
.>
w
100
National
32(4 Jan
Armour
•
Morrison-Knudsen
May
May
.
Lode
Mother
Montgomery Ward & Co
Jun
155
Anaconda
53(4
•
1
Feb
9%
10
a22% a22%
—
1
(Un)
11%
32
..
,
16% May
Jan
Anglo
Copper Mining (Un)
California National Bank
Co__
:
—
—18
(Un)
-
—
*
320
Jun
17%
Mar
Jun
148 y4 Mar
1,130
(Un)
25
35
'
May
American
Mfg
& M & M Cons
M J
Mindanao
Mar
(Un) _____■*
if American & Foreign Power
Navigation Co
Menasco
al7
1
Co
McKesson & Robbins Inc
Jan
26y4May.
4% May
4% May;,:
3 % May
2%
1,000
(Glen L)
Matson
v High
Low
Calculating Machine
Martin
370
al7
__
*
1
5
common
Co
Marchant
Range Since January 1
High
%
*
Mine
(Un)
Corp
American
'
50c
Juneau Gold
Alleghany
i
Corp
Low
Magnavox
Shares
(R H)
Macy & Co
Sales
tor Week
Range
Sale Price
Par
Aireon
Exchange
-I,
Week's
1,875
31(4
14
34%
23
High
31% May
10% July
55%
44
23
—
9
—,
Low
10
9%
—
*
(Un)
Lyons-Magnus class B
Range Since January 1
V
■
75c
10%
7
1
'
35%
__
35%' >
1
Llbby
Shares '■"'J
^-7-
12%
14
9
Inc"
for Week
Hio*
10%
30%
—
——.—10
-
(R
LeTourneau
Feb
12%
5
Langendorf Utd Bk class B
17% May
52%
Corp—-—
Kern County Land
July
July
23
.
(Un)
Corp
Low
j a32% a32%
P2
—♦
1
—*
Mining Co
Johns-Manville
19% Jun
May
95
20
IXL
Jun
7
5
15
.15
common
100
Feb
20
Co
Power
Range
of Prices
X*;''
Independent Exploration
33%c
Inter'l Nickel Co Canada (Un)—_—*
International Tel & Tel (Un)——.—•
32 % May
16% Mar
350
m
Mar
19%
Idaho
Jun
17
6% May
4% Mar
28
100
5%
common-.
Fuller
&
17
17
20% ''V;
*
Investment pfd___.
Sterling Aluminum
20%
•
14% Apr
450
32
—_50
common—
Sears Roebuck & Co
100 if
32
___10
St Louis Pub Service class A
st
7 8ale Price
Par
High
LOW
6
5%
•
20
common
15%
7:77': STOCKS—
Range Since Janaarjrl
High
15%
4
common
8hares
Low
15
common
McQuay-Norris
Missouri
Par
•
.
for Week
ef Prices
Bale Frio*
7
Last
Range
STOCKS—
,•
(377)
v*
Woolworth
:: ft'ft
■
:ft.:,;ft>'. -ft
Sugar
Pacific
RR
Elec
50c
Motors
(F W)
(Un)
(Un)
(Un)
—
1.10
8%
24
18%
a345/a
com—;
Corp
__
—
12%
1
10
—
10%
a45%
6%
24
18%
;ft
31c
.
5^
-i.f 290
W235i,
.
May
Jan
1.80
Mar
''
'
ft.'V;'
: v
'ft-
'ft
75;
Jun
4%
Feb
10
Feb
24% May
16
•
Jun
22% May
Mar
Jun
33
Jun
25%
Feb
33%
Jun
8%
Feb
11% May
fft33
r
<
ft'ft-46.
May
-
49
Jun
.
:■
Jan
14
301
Apr
19%
::ft
200
200
18%
32%
Jun
10% July
5^
7,340
*. 3,005
a34% a34%
28% 28%
9% 10%
a44% a45%
24
275
;
u„.
I,:-. r •
(378)
38
,y-
MARKETS
CANADIAN "LISTED
WEEK
FOR
RANGE
JULY 23
ENDED
v
•
Canadian Funds
Last
Low
preferred iu
;■
Acadia-Atlantic Sugar 5%
c
pfd
Algoma Steel
Co
of
Can
18%
20%
3,350
'Jan
48
49
1,435
33 % Mar
06 V2
Api
58
56
58 Va
1,375
43
Feb
6514
Jun
25'A
25 "A
25%
i 520
24
Feb
-25%
Apr
10
Jun
13
Feb
45 % July
•49
Feb
75
z
10.
10
45 Va
6"%
74
,200
'
74
-25
;
50c
•100
30c
26
27%
500
24% Mar
*
21%
21
21V-2
840
17% Mar
100
168%
class A
Paper
Bathurst Power ;&
Telephone
j.
Bralorne
Trac
Light &
430
7
19 %
3,485
is y4
18%
.50
Juxi
Bank
British
Amer
Co
Note
*
American
3%%
.
4
',/Jan
11
*24%
23%
24%
26%
26%
990
Class »B
--
99
410
35%
500
20%
21%
-975
29%
29
29%
6.50
27
100
15
Jan
J
■
9%
0
Gftnddiani Breweries
—i..
r
•
Canadian Celanese
$1.75
—
Canadian Cottons *Mo ^preferred
Class
20
20%
43%
34
Feb
Apr
13
13%
585
17%
17%
200
Jun
15
.9% Mar
.15
Mar
Jun
*18 %
84
87
617
39%
33%
400
35% Mar
39% July
Jan
30
Jun
26% Mar
36
May
25
'5
30
30
31%
31%
100
12
24%
Canadian Locomotive ^———•
12%
527
10
12%
125
10
Mar
24%
25%
305
20% Mar
30
..4%%-
15
Zellers
5tic
Jan
11% Mar
(Geo)
2—:
L
—
76
79%
6%
6%
/ 7-Ve
7
21
•
—
"
—
21
92
92
' 26
99%
•
»■:
,
27%
27-
*
:
42
—
Jan
2L
^
' • ' 8% May t
22 Jun
5 '-Mar
Jan
21
69% Mar
"96 ^ Jun",
24 Mar •
Sl'AMay
22/a Mar
28 , May
93 Mar- v 100 Jan .
250
"
3
20'A Feb
July
23
.
May^.
■' ,-4o
34lA .Apr
27'A July
•'
25% Feb
\
J50
25%
•
8% May
80- Apr.
82 Jun
9 - MajT ;
5% Mar
80
431
-
257/s
26?8
-r...--
25
preierred
101,2 Jun
^21 May^^
-
67 Jan
72_ Mar
617
27%
.25% July
^
"£eb
5% Mar
75
1,090
325
,
100
-
_
650
.62
27%
24'A 25
99'A 100 "
27%
—
-16% Juh'
-16 May*
21 Feb
98, Apr^,•
17 /2 Feb
> - -
-17
«,7%
-
12 Mar
HV2 Mar
500
aO
78%
70%
-
23 2 Jun
48 July
500-
18% 19
6%
7
.
~'-'July^
20'A Mar
44V4;Mar
10
10
125
«
19%
19%
6%
•
•
Worts!
common-:
295
25
25
101 >101 1
78%
—
"
common.
preferred
"'Ltd
205
15%
7
*:
*
Winnipeg Electric common—
14% May
'13% Apr
Mar
12%
Wabasso Cotton
•Walker Gooderham &
Weston
_i—_i
16
15'A
-
•—.
-
common'
Biscuit
Viau
July
90
Feb
-^-^——
Corp—l
Steel
United
16
132
Mar
109
235
2(067
- 675
.—
,
•
25--
Co of Canada common.—*
<7^ preferred
Twin/City
104% July
85
•
B
Steel
44% May
,101
77
100-
104% 104%
Standard Chemical common—
23% Jan
.
•
•
Power
Canada
Southern
Jun
.42
17% Mar
5,158
Jan
*
—.
48
15%
common—25
—~i.—-,—100
(-H), & Sons
28 -Jun
22%
—
*
!
Southajn.Press Co_——
.14% May
35% Mar
•
certificates
Simpsons 4%%' pfd
May
11
Mar
220
Simon
•29% July
Mar
11
Voting trust
'
22%
-48
16% Jan
-••46^ Jan>
31% JUly
' 35% Mar
.
21V2
47Va
130
132
•
50
10%'Mar
60
25
2
-
18 jJuly
l^ -*'*May101 Mar
12
100
*7
'
68
Jan
100 July
13% Jau
.
-15% Mar
Mar
Mar
100
170
1-1
42
31% "31%
—:
Jun
Jun
July,.-'
May
39
30
45
17
54Va Mar ■
93 % Mar
10% Feb .
40
100
lOff
—100
pfd—
prefeixed
Sicks Breweries common
July
39%
Alcohol class A.
Ind
37%
9
BO
13
Flour Mills
335
1,415
17%>T7%
l'4 , ;;""l,14
17%
14
28% May
170 July
42 *<Jun
21 , Jun
29
Feb
t>18% Jan
37
Feb
11
Feb
HQ
,
26 May
' '2o% Jan
52 May;
Mar
24% Mar
1621/2 Jan
'25 '' Jan
,^il5%-i'eb
520
,63%
99% 99 %
; 11% 11%
11% *
—
•
:_-__50
com———*•
preferred
Series A A%
May
18
L—-
Shawinigan Water & Power com
July
58
25
*
Canadian (Foreign Investment
Canadian
■17%
•
25
common
series
13%
-20
—
,104%
215
9%
9%
42
0
————
.
12%
13
20%
...
100
-■Class A
-
3.7
<
-50
)5Vc -preferred'
15
.
35 %
>22
-Jan
15
mm
*
Corp..
<
14% Mar
21%
common
36
28% -Feb
A
St Lawrence Paper 6%
Feb
100
Feb
.21
45 .4 Apr
Jun •
13
Mar
May
18
23
43
<255
.16O
.
Lawrence Corp Ltd com
Class
3V8 May
" 63%
•
*
100
•
common
preferred
52 1
44%~.i>r43'A-?'44%,,"15% ;'*_"' .*153A ?16 'A
•
x
-
Paper
-
19
100
-
Transport
St'Lawrence
Apr
27
99% July
20
31
34
100
Power
2V8 Mar
99
-10
Northern
.24%. Feb
30%
4%
St
4'A May
2% Mar
390
3,200
35%
Qaoada/Jron^ Fwrtd^e^----iCanada
3,775
30%
Cfen$d*
common^4L30J3H,eferred*-i.4i-iw-.-,---i».
Canada Steamship
May
3%
preferred
Rolland
27% May
37/s
m
100
__
....
.
25
Jan
26'%
_•
pfd
British Rubber of Can -5%
Bryck. Mills
Feb
3%
3
•
-
Building Products
'
45^ Jan
41% Mar
10% Mar
70
635
37 >
3,7%
^>-^<^^^24. ;;24.
•
Ltd common
..-.48 %
21
„*
of Canada
Quebec Power
Jan
25%
3%
British Columbia-Forest Products—..*
British Cpl Power Corp Class .A—J*
■
19
24
2,225
26%
16% Mar
c/o
Provincial
22% May
Feb
common
•
Price Bros &-€o
Jun
20 %
•
25
.Oil common
preferred-.
conv
-880
;101
23%
23%
50
„
•
•
Co
River
Power Corp
Jan
22
174%
Power
L H &
Powell
;
British
25% w.{25% 25%
.
169 470
41 ;
40% 41
'
24'A
•
100
-preferred.
ElectripvRWys
Ottawa
Jan
July
17
7
7
1,145
135
1,055
;
Page-Hersey Tubes
2*
Placer Development _i.—_——-I
297/a May
Mar
160
1,214
19
19'A
•
Power-
164% 169%
7
*
Mines -Ltd
Brazilian
,
>7%
66c
Mar
50c
27%
—.—a—
24'A
23%
50 '
•
*
•
Car Corp
Ogllvie Flour Mills common
80
Mar
XO
•
•Warrants
Asbestos Corp
3lo
25
Ottawa
Jan
7%
5% Mar
350
7
:
<
100
50
4^
1,135
44'A
12%
Noranda Mines Ltd
July
48%
,
38%
12%
Weaving
Wire
Niagara
21 % May
177/8 Mar
101 %
•
100
Argus Corp Ltd common
:4%% preferred
■'
National Steel
19% May
12% Mar
<>6,253
19 %
25
*
50
pfd
4%
Amalgamated Electric iCorp
Can Tel Co 4%%
pfd—
Anglo
Bell
16%
•
Aluminium Ltd
Aluminum
18
101 y2101%
37%
43%
—
5
Mar
37
38%
44%
Chemical pfd
National Drug &
Hign
Low
High
20%
•
20
100
*
Paper common
&
Power
$1.50
January l
High
Low
*
7% preferred
Range Since
Shares
of Prices
of Prices : \Shares
25
National Breweries common
J for Week
Range
Par
Abitibi
v. Sales
Week's
Friday
Sale Price
tcRange Since January 1
;Low
High
for Week
'Range
V:
Par
;
<
SLa'st
•'
Sale Price
STOCKS—
Sales
Week's
Friday
-"•
Montreal Stock Exchange
STOCKS—
1948
Monday, July 26,
COMMERCIAL & FINANCIAL CHRONICLE
THE
C-
■
Banks—
13
Oil
Canadian
Pacific
17%
18%
16
325
111% 116
i~8~%
25
Railway
13
15%
Companies
Canadian
3,748
Canadienne
21% May
12% Mar
6,053
^
v
-
•
Cockshutt Plow
Consolidated
Mining
i_
;
Crown-Cork & Seal Co
36
Dominion
38%
Mar
37% May
19%- 19%
855
16% Mar
22% May
30
31
547
27
Feb
33% May
20%
450
16
Feb
21%
Jun
24%
24%
•6
24
July
26
34%
34%
50
30
Feb
38
35
55
32%
Jan
35
19% May
Mar
2*
Dominion Steel & Cnnl class B
17
16%
Donohue
Eddy Paper Co class A preferred
51/2%
25%
150
23
Mar
275
Feb
22%
12%
12
12%
1,890
11
19%
19:
19%
485
19
27
27
27%
103
25%
Steel ,,Wares
Goodyear Tire
4%
——10
•_
•
•
^n^25^t/Febu,
296^ „.is35 . Mar
-1,004
-23% Mar
Jan
29
r; Canadian
11%
17%
625
70
18%
Feb
"20
Jan
55
107 %
Apr
110
Jan
class B
*
Ltd common—--—100
:
100
Preferred
—
16
,4
2% Mar
2%
500
610
14
Jan
10
52%
51%
16
50
Jan
16%
455
13
Mar
17
Ltd_5
B__*
Common—1——
1
100
Brewers
126
'6%
97/e May
32
33%
690
23%
48%
48%
130
44
49
50%
1,205
43%
Feb
Feb
35
49
Company
Brown
May
Mar
87/a
8%
&' Distillers of Vancouv
Columbia Packers Ltd cl
Jan
53%
.
Canada- &
Jun
Canada
Ltd
7,743
16
15%
1.45
116,818
14
:19Vb May
Mar
1.95
1.25 July
Jun
)
Jun
32
4
Mar
6%
Jan
160
10
155
Apr
160
155
3
155
July
163
10
9Va
17
1.7
10
Apr
16
15
40c
1,550
17
14
50
7'A
135
•4% Mar
4
4%
3,310
107%
109%
950
250 '
15%
Feb
•
1
Dominion Sugar*—
class B__——
Flooring
13%
Arcen Cnip class
Industrial
A
10
*
25
International Nickel of Canada
.*
IB
36
:*
106
-
.Pnner
International
common
preferred
$4.00
—
International Petroleum Co Ltd
International
Power
International Utilities Corp
.
425
45
45
•
International Bronze common
;.,6% preferred
13%
25'A
25
25
prefererd
1,853
10%
24
24
1,438
50
105
;14
jan
12
;25% May
24% Mar
29%
9%
21'
Jan
;Ltd 7%
>
100
pfd
46
Feb
•
13
Jan
27
Jan
Canadian International Inv
15
12
Jun
13
Jun
10
100
Jun
100
Jun
150
34%
62%
106
36%
3,941
7,230
46
Mar
4
95
39%
29% Mar
64%
Mar
106
14
Jun
the
of
&
Lang
..Laura
Ltd
July
10,344
11
Mar
16 y«
Ltd
Sons
Secord
.
(John A)
39
Mar
53
Jun
13%
Jun
•
*
45
45
46
60
5
13
13
13
476
10% Mar
MacMillan Export
.Class B
—
cjass A
—
Massey-Harns
12%
.-*
*
;
j
27
,14
11% Mar
225
Feb
32%
Jan
Jan
Chatco Steel
|
84
Apr
25
14
Feb
22%
"71
74
2,130
*32
4
A
\
20
20
790
16% Mar
21% May
14'
14%
125
13% Mar
17%
Jan
13
15
15
July
!
10%
7%
8
21%
21%
58
12
Jan
11
•
■
9
Feb
975
5
Mar
:
'8% May
Mar
23
5,253
16
9
Breweries Ltd
*
—*
"Montreal
——
Locomotive Works
14%
14
•
"Montreal Tramways ,—-——..—100
4(015
9% Mar
20
295
16
36%
—i*
200
34
/'Feb
/ Feb
1,225
14
Mar
200
30
Apr
'
21% May
38
f
*
17
17"
&
OlRSS
Frere
B
Dominion
38
38
41
Jun
I
'' '
2%
2%
July
Jun
24Va Jan
617/a
:
75
Jan
-2
800
4%
Jun
3
July
14
Jun
13
155'A
May"
-4%
Mar
1.45 Feb
13
25
10
.Mar
23
23
40
22
,:Mar
25
155 155'A
20
130
Feb
167
4'A
5,575
3%
Jan
Jun
4% May
-
4
Apr
■.
■
12%
13
SOC
30c
35C
52
52
25
<6Va
6'A
950
1.8%
8%
30c
10,600
<46%
i
i
'
fi
.13%
Jan:/
50c
11% Mar
450
12%
JanH
Apr
52
Apr
-^July i
'*
—
20%
23
24»/2
295
Oilcloth &
Works
,;7%
8
45c
8
45c
•
Linoleum——-*
i*
*
31%
'8
2
40
100
40
38
30
5
38
38
15%
22
;
.287
22
2,187
v
.
;
33
'
32
Feb
,
Jan
i
I
Jun
43% May
^
39%,juni
Feb
Jan
Feb
95o/' Jap
11
ao^iMar:
20
8%
Feb
33Va <Feb
100
16
15%
21%
6%
y
24% July
Feb
7'A Apr
,45c
Jun
Jun
/8-% July j
21%'MaV'
Apr
14% Mar
9
400
8
Ltd--—*
s
75
31%
50
Woollens & Worsteds:
Donnacona Paper Co Ltd
Dominion
•19
24
.--.U—'
Engineering
6%
400
20 V4
6%
3% Feb
18,109
/
*
'
Limitee class A
May
18 Va May
•*
——
'iA■'V:-"""
Dominion
17
(R<L)
'.Mills Ltd com. j*
Aircraft Corp Ltd
David
'
McColl-Frontenac Oil
Crain Ltd
'r'
r
'"Mitchell (Robert)
;cpm—.J*
Alcohols Ltd common—:*
preferred - ,.i.—L-/.——jo Consolidated Paper C<>rp Ltd——J*
Cub
16 Va May
common—!*
;'.8%
*
July
General ,Adv
Consolidated Textile
July
505
2%
Commercial
i
15
Products -Ltd
,
19% Mar
500
:
Jun
88
18
•.
.'Preferred
|
20
—•
*
—-—
200
29
;•
3
——
.1
'•Canadian Power & Paper Inv<5% pfd-*
.Canadian Silk Products class A
•■*Canadian Vickers 7%
preferred—100
Canadian Western Lumber Co—
*2
i
Jun
13%
com
Woods, common
//Lindsay (C W) common
Molson
5
17
1
70% Jun
106
Claude/Neoh
Jamaica Public Serv
Lake
11
17
"
Canadian Marponl Co
64
12%
8% Mar
88
'
'71
Trust com.*
Jun
13
10
4V2%- red
{Canadian Industries aommon.^—
Canadian Ingersol Rand Co Ltd
July
Feb
Mar
Jun
20%
-
100
88
Products Lt(i cpm
■*
preferred:
*—/___100
1 Canadian Ge» Investments /Ltd*——*
"
,
Jan
.
100
.Canadian Food
13
115
13
100
22
1.40
6Va
78% Mar
19%
7Va May
■
3% Mar
19
4%
109%
Feo
Jan
16% 'Jan
Jun
13%
14
July
1.00
Mar
40c
7»A
•
Jan
Jan
7%
9,760
Jun
——
Canada * Starch Co
,
Jun
13%
4%
July
Preferred
23%
Mar
1,545
14
Jan
May
Apr
10
1,025
40c
Brand & Millen
17% Jun
15
19
160
160
& Hosiery Co com
.•*
.preferred —
:
——20
Ltd class A—
5%
'
Feb
Jun
155
Bathurst Power & Paper
Belding-Corticelli
18% May
15% Mar
12%
12%
4%
Jun
■■
Jan
9
12
Jan
25
High
LOW
525
12'A
12
19
•
'Atlas
Range Since January 1
Shares
High
Low
12%
5
Anglo-Nfld Develop Co LtdJ.__
Steel Limited—
—
18 % May
for Week
of Prices
12
•
Glove Works Ltd
Acme
Sales
Range
Last
Par
•
Week's,
Sale Price
STOCKS—
19% May
14% Mar
Jan
oQ
Jan
50
$84,000
Funds
Friday
British
50%
.50
25% Jeiti
■,
May
51%
Imperial Tobacco of Canada common_5
4%
'
2S iVJan
/3Tt^"Feh, -:;--
#
•
Montreal Curb Market
Jan
16
33
24% J
50
,
Belgium Glove
.50
24
24'A '
Heat & Power—
—————————————————1949.
notes
■
16%
2%
16%
Mining & Smelting-.
Oil
20
19%
Hamilton Bridge
Howard Smith Paper common
$2 preferred
Mar
16% Mar
110
110
50
•
inc 1927
..
Light
Montreal
13 % May
16%
16%
•
common
pfd
•
Jan
510
O}
*
Gypsum Lime & Alabastlne
'•
—
27% May
pM oiOC
100
General Bakeries Ltd
26%
135
•
common
^,
21%. Jari
23v,/.''if
;■■'«!»
,
"
BONDS—
,22% July
Feb.
Royal
-
—
27 % May
20
22
•
Canada Corp
Power
Imperial
Rights
25%
*
Heating Products-
Hudson Bay
22% Mar
1
preferred
General
250
20
Corp
Famous Players
Gatineau
27
*
Dryden Papei*
Enamel .&
23
•
common
Ltd
Bros
Electrolux
25
*
Textile
Dominion
5,317
25
25%
Chemical common—*
Voting trust certificates —_
*
Red preferred
r.
23%
Dominion Tar &
17
14
25
*
Ltd
Stores
.'35
1
Jun
Feb
35
*
Jan
25^4
35 < .36
'
-
485 ,':
"•
Jun
35
20
preferred
'
Jan
•
Dominion Glass common
Dominion
Mar
33
25
35
Dominion Coal ,6# preferred
Dominion Dairies 5% pfd
7%
f 32
75
20
•
Bridge
325
36%
31
Distillers Seagrams
37
36%
-10
10
-•
Nova Scotia
v>20<;;./Jun!-: ]
- 2l?4 July- -
20
.20:«. !■^
2l% ^21% ' - -
—
'
"
Montreal
121% Jun
^,(91% Mar
19%
Glass
Consumers
316
—5
*
•
Smelting
&
'
20
-10
10
—
Commerce
Jun
16
/Feb
10
"•
18 v4 jun ;
'^23% May
-t
-For footnotes see oaee 42.
THE
Volume 168. Number 4719
.
&
COMMERCIAL
CANADIAN
'
Friday
Last
STOCKS—
Sale Price
Par
Eastern
Steel
Products
Ltd
__1
Fleet Manuiacturing Ltd
Motor
Fraser
Co of
Canada
class A
r
Toronto Stock Exchange
Range Since January 1
Low
8%
6V2 Mar
50
41
41
90
2'A
2%
1,025
36
Canadian Funds
High
*
10 Vs May
V2 Mar
Range
Last
Jan
STOCKS—
Metal
Industries
Investment
Sale Price
Lambert
Loblaw
(Alfred)
Luwney Co
Jan
27
Jun
60
57%
60%
1,400
42 %
Feb
62
Jun
A
7%:''
Teleg &
Feb
20V* Jun
41
Jan
45
29
5
8
50
Ltd
1
;cl
9%
0
A__,
30
_•
May
Abitibi Power & Paper common
*1.50
20
'
Preferred
Low
High
*
17%
2,240
12'/a Mar
19% May
19%
20'%
20%
1,950
18
21 Va May
125
Mar
18%
6c
—1
14 c
102
50
6c
6c
500
6c
July
70c
*
19
102
100
,.r
Oil
&
Gas
Range Since January 1
High
14%
preferred
Acadia-Atlantic class A
Acme
Shares
Low
I8V4
9%
25
;
16%
18%,
*
42
Mar
-
9
10%
29% May
Jan
Jan
19
Jun
Mar
44
May
12 Va
4,585
Jan
31
Jan
42 %
36
640
13%
*
13 '/a
100
10% Mar
14 % May
19 y4
21
Jun
20%
Jan
10
19 %
19%
19 %
262
10
preferred
31 % May
8% Jan
Apr
7
225
30
27 'A
Akaitcho
Alberta
YellowknifePacific
Alger Gold
Algoma
Cons„
16'/a
19%
Apr
98
Feb
102
Jun
July
8c
Apr
Steel
19
%
19%
19%
74
Apr
19 % May
73c
2,500
65c
Mar
87'/ac
Jan
14c
14c
14,000
14c
Jun
25c
Apr
3 V4C
4c
1,500
3V4C July
13c
47'/4
1
_
49 %
1,065
33 V4 Mar
*
48%
58%
56
25
common.,
25%
25%
Aluminium Ltd
.
Paper Co„,
Tel common-.;
Massey-Harris Co
6%%-conv
16
110
8
'
&
440
42
29
Ltd (Walter M)___
Power
18%
0
Maple Leaf Milling Co Ltd__.
Maritime
—
18%
42
18%
common..-
ViWi-'wVV A?V.MacLaren
21
•
I
Co
1,910
*
class
Ltd
Inc
Groceterias
24%
for Week
of Prices
'
Ltd
Foundation
23%
i
Companies
24%
Sales
Week's
Friday
Jan
49
53Vi
2% Mar
*
Great Lakes Paper Co Ltd com
Class A preferred
;
—
Aluminum Co of Canada
pfd
58%'
44%. Mar
2,010
25%
■
440
24
Amalgamated Larder Mines—
1
14c
15c
8,500
American Nepheline
*
32c
32c
500
—
American Yellowknife
1
Anglo
•
Canadian
Oil
10c
13c
2.40
2.70
Apr
65%
Mar
Jun
25% July
.
Jun
38C
Jan
22Vtc
Feb
41 %c
Jan
8c
18,625
10c
Apr
18c
Jun
7,100
2.52
Jan
57
1.35 Mar
3.45 May
Ltd—
Melchers
preferred
Distilleries
Minncoota
Ontario
&
20
Ltd
Paper
28%
5
Co__
25%
29%
5
50
24%
25 Va
25
700
5
0
com
1,035
Mar
,
4% Mar
20
Feb
3D
May
5% May
/'
Anglo-Huronian
♦
8.80
8.70
8.85
1,210
Anglo Rouyn Mines
•
1
37c
37c
45c
2,500
32c
Mar
68c
Ansley
1
3C
3c
1,500
3c
July
6c
Feb
*
4%C
4%c
500
9 %c
Jun
Moore
Corporation
Ltd
Mount
Royal Rice
Mills
*
73
74'/a
9%
9%
25
65%
160
t.—■»
10 VaC 10'/aC
2,300
Gold
Feb
75%
Apr
9 % Mar
10%
Jan
Consol
Resources
Area Mines
1
~
Ltd
Argus Corp common
~7
7
Enterprises
Orange
Crush
*
Ltd
_
12%
12%
100
0
Ltd
7
7'/a
160
110
110
30
107
May
111
Feb
53
53
10
52
Mar
56
May
A*mey
14% Mar
Jan
Astoria
10%
Apr
5% Mar
14% May
10% Jan
Preferred
Armistice
Power Corp of Canada 6%
N
C
part 2nd
100
1st pfd
110
—50
preferred
Quebec Pulp & Paper 7% pfd
,—100
17
15
17
54
(Canada) Ltd—*
Ltd
•
7
6%
7
4,360
4%
Feb
Russell Industries
17
18
855
13'A
Feb
Southern
Pr
110
110
13
39c
40c
6,821
7%
7%
150
5
19%
19%
50
16
Rand
,
25
8% Jun
20,
July
Invest
pfd
6%
100
Ltd
Co
•
39c
Feb
104
115
Jan
42c
*
Feb
8
May
May
22
Jan
Feb
Gas
United
of
Canada
Corporations
United Fuel
Ltd
*
class
7%
7%
50
.
*
29
29
10
50
48
48
205
A
Inv class A pfd
7% Mar
29
7c
ltfo
Western
Grain
Windsor
18
110
*
Limited
18
85c
85c
180
*
Securities
10
10
51
Hotel Ltd
Ltd
Co
___T
Steel
Yellowknife
^Arno
Mar
47%
Jun
9%
2%c
*
Ltd
1
l_
8'/a
Jan
50c
Mar
9
Mar
*
21 %c
2%c
1,000
2c
10c 10 Vac
1,500
8c
Apr
20,000
12c
Mar
Apr
'
^'Base Metals Mining Corp Ltd
Beatrice
Red
Gold
Gold Mines
Beaucourt
21c
22c
Ltd__l
5c
5c
2,000
5C
Mar
1
Mines
30c
30c
100
30c
Lake
Gold
Bouscadiilac
Gold
Mines
Gold
10c
10c
11c
6,500
1
16c
12%c
17c
78,609
Mines
48
Electric
Bagamac
Cournor
Cadillac
Mining
Mines
Dome
21%
Jun
1.10 Jun
12
Donalda
Mines
Bank
of
Ltd
Ltd——I
Base Metals
Goldbeam
■ja ti
Goldvue
24c
July
5c
Feb
82c
56c
Mar
22c
12c 12 Vac
2,000
12c
July
22c
7 Vac
2,000
.1.42
2.59
1
16% July
aobjo
53c
Mar
18 %c Mar
5c
Mar
1.09
30%.c
2,500
1.65 Mar
S.50
10c
10c
10c
1,000
_1
2c
l%c
2%c
82,000
55c
3c
Mar
Jun
7c
Mar
l%c Jun
1.56
Lake
Shore
Mines
Ltd
20c
12c
2,000
10c
Jun
15c
6,000
10c
Mar
24c
6c
6c
1,500
10 %
10%
325
Louvicourt Goldfields Ltd
Macdonald Mines
58c
Ltd—--
1
Mclntyre-Porcupine Mines Ltd
Nechi Cons Dredging——.—
Normetal
Mining
O'Brien
Mines
Gold
Pandora
Pato
Cons
Pen-Rey
•
Gold
Quebec
20
1.03
1.05
1,700
July
55 %
80c
July
May
1.18
Mines
1.55 Mar
Ltd
Ltd...
Mining Co Ltd—
5c
2,000
'5c
Jan
7%c
1.08 July
1.50
4.05
400
3.95
5.80
1,000
5c
10,000
May
20c
9c
70c
72c
3,350
57c
Mar
22c
22c
23c
13,000
19c
Feb
7c
7c
500
6c
Apr
\;-i Red
■j
Crest
Gold
Mines
Santiago Mipes Ltd
Sherritt-Gordon
Ltd
Slscoe Gold Mines Ltd
i
v,
Sullivan
Canada
89 c
Feb
65c
Jan
1,000
35c
Apr
60c
8c
Feb
13c
Jan
5.5c
4,500
50c
Mar
67c
3,100
99c
Mar
2.08
9.00
2.27
1,900
-
50
4.75
Feb
2.27
July
9.00
i!
;
i
'
■
*
2.50
6.10
2.50
100
1,60 Mar
6.00
6.10
900
5.75
Feb
■
Consolidated
Homestead
Oil
•
15c
14c
15c
21,000
1
Gaspe Oil Ventures Ltd
1.82
1.80
1.91
3,900
lie
Jun
1.25 Jan
Home
•
•
Oil
Pacalta
Co Ltd
7.60
Oils Co -Ltd
;
*
8.00
1,225
8c
8Vac
17,500
5.25
8c
Feb
July
24%
20
Feb
23%
600
92
45
90
'July
3%
3%
3,000
3
Mar
13%
160
11'/a
Apr
7
3
250
23c
25c
23,700
99
.2
25c
1.30
7c
7c
7c
5,000
35
150
7c
Mar
3% May
Feb
35c
May
May
100
.July
Jan
37c
Mar
35% July
99c
6c
Jan
2.40
Jun
7c
Mar
28%
Jan
15 %c Feb
25c
Feb
35
3'/a c July
Jan
May
3Vac
3 %C
2,900
13%
13%
400
11
Feb
15
Jun
75
21
Apr
31
July
13%
Feb
20
July
9
Jun
30
18%
19'A
30
210
19%
8
8
300
7'Ac
7'Ac
1,0c
3,000
15
15
100
5.95
5.50
6.35
1,250
5 %c
7% Mar
7c
12
Apr
Feb
15c
May
Feb
3.65
15
Feb
July
7.60 May
1.6c
21,800
6c
Feb
18c
Jun
39c
41c
7,075
34c
Mar
65c
Jan
2.50
2.40
2.55
*
3'/a
3%
•
common
13c
39c
21%
2,700
2.15
Apr
3.00 Mar
3%
100
3%
Apr
4'/a May
21
20
warr—
Power
*
785
14% Mar
25
27
Apr
29
47
30
43%
Apr
53%
IIV2
37
9% July
10
65
36%
37
235
33
Mar
21
185
13
12%
13
189
11
Mar
37 'A
36%
37%
300
35
Feb
100
com
38
201%
July
"
50
Mtge__
Lines
185
185
•
May
I
Jan
%
Jan
Apr
Jan
14
May
42
Jun
&
Cable
*
82
20
70
Jan
83
28%
70
21'/a Mar
31
Jun
7%
7%
45
5
Mar
8
1
Jun
28%
*
A—
B
82
*
Wire
1
22 % May
29
10
*
A
21%
29
47
common
—
class
13c
Bakeries
1
Jun
10
1st preferred
Jun
21%
1,085
21
July
23
J
Jan
20
20%
2,281
17% Mar
24
Jan
—•
common
21
20'A
20%
20%
20%
800
16% Mar
22
May
-20
Canners
21 'A
♦
26
28
Jun
_*
26
27
235
23
Apr
20
20
115
17
Mar
3.50 May
7.50 May
10
Preferred
Jun
I;
13%
13
13%
120
Mar
147/a
Jun
17%
17%
460
15'/a
Apr
18'/a
Jun
84
88
320
56%
Feb
89 % July
39%
83%
39%
39%
60
•
10
10
10%
475
14
14
*
——
common
—
-20
*
Class A
,
j
25
———
Celanese
j;
21% Jun
*
Canadian Car common
34'/a
Feb
39% July {
Mar
12%
100
J3% Apr
15%
6
100
5'/a May
8
Jun
Feb
2.25 May
^9.65 May
32%c
Apr
;
Canadian
Ice
Machine
Canadian
Industrial
Canadian
Locomotive
1
com
Alcohol
"A"
6
6
12
12%
260
24 Va
24%
25%
355
•
•
■v
"
6
July.
10
Mar
>14
Apr
21
Mar
30
jTaa
.
4 '
27
July
•
For footnotes see page 42.
fliay
7 '/a
Jan
1.25 July
1,000
3,100
33%
,Jan
.
15c
8,500
1.25
Jan
Jun
22
125
31
19C
Feb
4% May
14% May
Apr
16c
6,000
25
99
98% July
635
27c
24%
7%c
27'A May
4 'A Mar
100
626
Jan
1.00
22% May
,
Jan
26%
26 Va
>
.,17
Feb-*.,
4%c Apr
2,705
30
35
».
-1
Convertible preferred
,
il
23%
2.79 Mar
32c
Jan
11
May
1
Canadian Food Products common
V
x,
6c
Jun
3c
6.50 July
_•
Permanent
Class A
*
1,000
16c
18c
*
Flon
Steamship
Canadian
Anglo-Canadian Oil Co Ltd
Calgary & Edmonton Corp Ltd
4%C
99
*
common
Malting Sh
Canadian
Oil-Stocks-r-
,•;(
4%c
26c
*
Canadian Bank of Commerce
Jan
2.27
A
Canadian Breweries
Jan
1.33
8.60
2,885
3
*
Linen
Canadian
Apr
2,500
53c
2,27
Jun
Apr
1.25
9.00
*
Jan
57c
*
class
Co
Preferred
Class
17c
May
i35c
300
19%
July
Mar
2,000
18%
Feb
Jan
21
28c
2,000
M
Jan
Jun
10c
5,500
26
1
Canada
Canada
Amulet Mines Ltd—
35c
Jun
25c
174%
18% May
11,100
7
•
Canada
'H
Waite
7.10
13%
26%
1
Northern
Jan
-t:Wright Hargreaves Mines Ltd.
3%
99
Packers
May
53 %c
3'Ac
22
Mar
26
24c
Canada
6c
—I
3c
6,50
Mar
Mar
9c
92
26%
•
Cement
17c
_*
Cons Mines Ltd——
24%
0
*
B
Preferred
Apr
Stadacona Mines (1944) Ltd—
A
•
40c
17
160
*
Canada
1.45 Mar
10c
class
A
Lake
Bread
2'Ac
9%c
__
preferred-.,,,,-——-100
Canada
8 %c July
9VaC
Power
Products
Flin
3,500
1
Products
Packers
19
100
Oils
1,000
Soma-Duvernay Gold Mines Ltd
25
pfd
,
*
Callinan
8,500
37C
•
,1
10c
35c
Jfm
13.c
36c
30c
*
Calmont
14%c May
3.25
7.10
_*
2.50
35c
liivKr
—
&
2.25
—1
:
10c
—
♦
Hill
8v2c
2V2C
28c
*
10c
2%c
60c
July
Canadian
2.45
*
July
15c
50
Red
50c
Ltd
21c
4,500
21
*
—1
„
Mines
4,000
16 c
•
Forest
Canada
70c
29 c
15c
Ankerite
Caldwell
Jan
1
25c
Burrard class A
Feb
4 Vac Mar
Quebec Manganese Mines
;
Quebec Yellowknife Gold Mines Ltd—1
29c
Calder-Bousquet
Jan
12c
737
1
Class
Feb
11 Vac
60
13,700
•
Burns
Jan
1,150
5c
12c
21%
10c ll%c
165 169 Va
—
preferred
Electric
Rubber
Jan
1,15
10c
May
169
-1
Campbell Red Lake
2.17
1.15
Jun
Jan
24c
Mar
9c
Feb
38 Va
11c
—1
*__
Burlington Steel
Feb
4.00
1
Development
6c
5c
1.15
21%
37,900
37%
21
Dominion Gil-
Bunker
2.67 May
5%c July
4V2c July
*
22c
-X
__
B
Building
5%c July
1,500
Ltd.___l
20c
Jan
M
1
Calgary & Edmonton
3,700
1.50 Mar
21c
Buffalo
Jan
5,900
3,600
34
20 %c Jan
Feb
.J,
34% May
33
July -,
Jan
2.53
1.85
33
Buffalo
Mar
4%c
1.71
B
Buffalo
'
'
Hi
1.90
65
53/ac
1.85
33
Buffadison Gold
Jan
2.48
2.51
1
_1
Labrador
13,300
J..45
4%c
Mines
Mines
56c
56%
25
—
Columbia
British
Jan
5%c
*
1
Gold Dredging
Gold
Pitt Gold
40c
50c
11c
_1
1-
Mines Ltd
Cadallic
17,600
Jan
Jun
8
,
8%c Mar
*
„
Mines
Columbia
British
14% Mar
—1
T
Ltd
Parmour Porcupine
1.04
Jun
58c
56 %
52c
5
1
Corp Ltd
Norpick Gold, Mines
Norseman
—
54c
4c
14c 15 %c
Broulan Porcupine
Bruck
Mills
Jan
10% July
42c
Mar
15c
25c
*.00 Jan
-1
Columbia
Class
Jan
14c
10%
7'/a July
170
Gold
conv
Class
Jan
12c
_1
20
Feb
15c
;
Apr
1,245
A
Columbia
British
6'Ac Mar
14c
1
Ltd..
7'/a
3.00
5,100
—
Mines Ltd-,
British
Jan
1
Gold
Mines
Feb
100
British
%
Hudson-Rand
7Va
*
class
Power
3%%
Jun
6c
1
1
Ltd
7 Va
10
Yellowknife
British
Jan
5,000
Mar
•
Feb
2.62
33,600
Jun
15c
Apr
15c
3,200
26%
Mining
TnnA*tAli*
Feb
3c
8c
2,900
ffirand A Millon class A_.
Jun
8 Vac
1.95
1.23
10,500
18c
3c
Feb
1.42 July
1.12
11c
3.30
36 %
—„
Bralorne Mines Ltd
23% Mar
2,500
_1
Mines Ltd
2c
1.50
3c
1.19
_1
_
2,500
7%c
1.50
20c
Feb
May
13'A
Feb
9c
16c
Biltmore Hats class A pfd
Jan
15c
9%c
12c
10c
49 %c July
10'/a Mar
500
35
Bidgood Kirkland Gold
Jan
--
3,650
13c
25 Va
Feb
10c
700
12%
13c
3.05
1
4,600
57c
Jun
18c
"
13c
57c
Mar
3.25
Feb
13c
1
Mines Ltd
Mines
July"
16c
Jun
13c
230
Mar
4c
10
Telephone
Bevcourt
Jan
Ltd
Lake Gold
Found
Bell
Mar
17%
11%
9%c
Jan
33q,
5c
-1
Gold Mines Ltd
Formaque
3'Ac July J
*2c
8c
Sullivan Mines Ltd
Eldona Gold Mines Ltd
i<),
Jan
loc
Jun
.1
East
Hi'
«%c Mar
3%c July
16%
6c
35c
—10
Scotia
Toronto
Bordulac
4,000
.1
Jun
14% July
16'Ac Jan
July
*
A
Montreal
Nova
Jan
9,500
*
Malartic
Mines
7c
4'Ac
-1
East
Fontana
6,000
39c
Mar
5c
1
Mines
of
of
May
1
—
Mines
27c
24c
2 Vac
17%
Gold Mines
Jan
2'Ac
Ltd
Dulama Gold Mines Ltd
Duvay
3%c
14yaC May
3%c
Ltd
Mines Ltd
24c
1,000
Mar
11
Jun
3%c
1
Ltd...—I
Co
16c
,500
15c
1
class
Bank
July
_1
Mines Ltd—'
Central
Consoi
24c
-•
3 %c
16c
—11
Cartier-Malartic Gold Mines Ltd
Creskirk
3 Vac
IL
Ltd..;
Buffadison Gold Mines Ltd!——
Candego
;-l
Ltd—
Mines
Jan
1
1
;
July
Ltd
Yellowknife Mines Ltd
Beaulieu
Bobs
Lake
83
3,000
13c
Gold
Aunor
Beaulieu
Ltd
Mines
Jun
Mar
6.0C0
19,640
75c
67
Jan
29'A Jun
Stocks—
Mines
.Aubelle
8c
49c
12%
Aumaque Gold Mines
Bathurst
Mining
,
7 Vac
7c
45 %c
Mar
6,500
Mines
Bank
.United
150
6c
Quebec,
Atlas
Auto
Union
8,800
27C
13%
5c
7% May
3oc
May
37c
.
10
13%
1
Aubelle Mines
Standard Paving & Materials Ltd
Stowell Screw Co
Ltd class A
75
6c
10
—
Atlantic Oil
Atlas
Canada
Southmont
Apr
Jun
14%c Jun
5% Mar
48c
A
Gold & Oil
Athona
605
22c
22 VaC
1
Ashdown Hardware class
'
Service Stores
9.20
4%c July
6'/2c Mar
25
50c
75
—
7
50c
•
Warrants
Nuclear
8.25 May
27% May
Apex
6%
39
MARKETS
Par
Ford
Int
41
*
(379)
Sales
Shares
High
8%
LISTED
RANGE FOR WEEK ENDED JULY US
lor Week
Range
of Prices
low
*
Fanny Fanner Candy Shops
Week's
FINANCIAL CHRONICLE
*•
,
(380)
40
THE COMMERCIAL &
^
MARKETS
LISTED
CANADIAN
JULY *>3
FOR WEEK ENDED
RANGE
Monday, July 26, 1948
FINANCIAL CHRONICLE
Friday
Friday
Last
STOCKS—
Sale Price
/
Par
Canadian Malartic
—*
Pacific
Canadian
Tire
Canadian
Railway
Gold
Leduc
Oil
Chatco Steel
Bar
Class
f-
Class
July
24
July
26
1.00
1.10
400
1.50
3,800
3,530
3,500
13c
13c 13 %c
12%
13
4c
4%c
2.35
2.60
4,405
10c
10c
500
__
__
2.20
Jun
1.87
__
May.
1.80 Jun
July
46c
1.40
Jan
33c
Jan
13
Jan
8%c Jan
3.00 Mar
Feb
9
July
10%
17
25
Mar
19%
Jan
5c
Jan
2%c
4,000
1.72
1.87
13,150
1.72 July
6% Mar
2.45
Jan
Jan
July
8
8
275
13%
14
225
12% May
14% May
26
26
160
23'A
Feb
26
July
15%
18%
1.865
10
Feb
18% July
l
16c
17c
2,000
16c
Apr
27c
Feb
1
Plow
5c
5'Ac
2,500
5c
Mar
7%c
Feb
1.51
100
85c
100
65c
Apr
1.10
Jun
300
12
Apr
16%
Jan
51c
13%
59c
55C
Mar
85c
Jan
13c
13c
1,500
13c
July
21c
Jan
17c
22,500
11c
Jun
32c
Jun
111% 115%
6,104
121%
Jun
154
Jan
18 %
•
Mackay
Gordon
Grafton
Co
&
Graham
_
!
Yellowknlte
Colomac
Coniagas
Mines
85c
*
Bakeries ;
Consolidated
1.51
5
Coniaurum Mines
Consolidated
Beattie
Consoliadted
Central
*
Mines
—
,2
58c
Cadillac
1
Consolidated Homestead Oil—
•
14 %c
5
115%
Consolidated Mining & Smelting
/Consumers
Conwest
13'A
14c
-
Paper Box
147%
149
1.27
1.15
1.27
19
19
30
8
5%
8
350
20c
22c
2,000
48
48
45
*
com
Apr
91% Mar
145
110
148
•
Exploration
1.40
2,400
100
Gas
Corrugated
—
85c
Mar
70c
Mar
19
6,000
May
1.51 July
1.35 July
Jan
23
Bit
A Preferred
Crow's
10
,
Mines
Crestaurum
20c
1
Coal
Nest
5%
*
common
100
—
5'A
8
July
8'A
19c
70
6% May
Mar
Jari
42
55
May
10c
Mar
19c
Apr
D'Aragon Mines
1
8c
8c
500
7c
Mar
21c
Jan
Davies Petroleum
♦
13c
15c
2,000
10c
Ma,r
20c
Class
A
25%
25%
65
26%
Jan
1.21
1.27
800
1.60
Jan
Patricia
1
12c
11c
12c
5,100
Red
Dickenson
Distillers
Dome
6c
7c
3,009
5c
Mar
12c
11 %c
12c
2,000
10c
July
48c
Feb
10'Ac May
i
47c
47c
49c
9,700
45c
Mar
82c
Jan
39c
33c
39c
22,000
33c
July
64c
19
19%
845
35c
2
•
Ltd
—
•
17 'A
40c
4,250
35c
July
22% May
65c
Jan
16 'A
17'A
3,375
16'A July
23% Mar
24%
Jun
27
May
14
16%
Feb
1
Gold
T-V
•
(
■
Scottish
Invest
common
Stores
25
50
22
Mar
28
425
6
Mar
12 % May
5%
5%
100
1
44%
44%
44%
16%
16'A
17
com
25
24%
25%
Lake
May
52% July
*
5%
Jan
Jun
Jun
Feb
46
13%
Feb
19% May
Yellowknife
Gold
Mines
Donalda
60c
55c
Donnell
&
"A"__iii._^
Mudge
*
__
60a
16%
10% Mar
25
Gold Mines
East
Imperial
East Leduc
Oil
East
Sullivan
Eastern
Elder
Eldona
Mines
Corp
"A"
Jellicoe
Mines
Gold
1.10 Feb
17% July
of
Canada
Joliet
Gatineau
v
5%
5%%
General
Steel
Wares
common
Preferred
Dufault
Jan
Lake
Lake
Shore
26c
50c
May
38c
1.50
39c 40%c
5,000
1.50
5c
4,500
1.42
Feb
1.42 July
2.50
2.65
15,350
1.64 Mar
8'A
2.65
8'A
100
6'A Mar
2.08
3.50
10
Feb
Jan
38c
1.17
15% Feb
18% July
Mar
20
26,350
24c
July
74c
156,050
55c
Mar
18
75
18%
18%
140
38c
31c
1.10
1.23
La
For footnotes see
page 42.
12
725
Mar
14'A
Jan
Apr
6%
7% July
24% Mar
25'A May
150
14
17
4'/aC
4'Ac
500
4'Ac July
Mar
Jan
Feb
7c
Feb
11
July
,55c
9%
275
38c
2,700
29
29
45
25% Mar
101
101 101%
30
98% Mar
3 6'A
34'A
36%
10,077
29% Mar
39%
13%
13%
8'A
34c
May
Jan
31% May
Jun
102%
Jun
14
46,604
11
Mar
16%
Jun
49c
50c
50c.
17,100
40C
Mar
84c
May
1.03
1.03
100
3 %C
4c
1.000
3c
—
3c
3c
1.00
1.45
Apr
33c
33c
8c
Feb
,
Jan
July
58c
Feb
6,600
Mar
52c
Jan
36c
5c
July
10c
Jun
Apt-
27
Jun
11
8,975
13
Jun
27c
24
40
11c
14c
Apr
15c
4,500
26
11
July
15
Jan
23,000
8c
Apr
22C
Jan
36C
Apr
60c
Jun
50c
50c
1,200
1.27
1.45
8,800
14c 14'AC
—
7c
July
15c
9,950
26
Jan
7c
25c
15c 16'Ac
1.42
3c
2.000
8c
6'Ac
13
3'Ac July
11,950
15c 18'Ac
15c
_1
Ltd
1,500
1.27 July11c
Apr
Jan
1,78
..[19c
.
23
20
j
Jan
25%
Mar
24
24
5.05
5.30
2,255
62 %c 70%c
23,200
38c
Mar
69 %c
3 %C
2,000
2c
Feb
Jun
86c
5c
24
—l
«
Gold
7.75
4.10 Mar
Jan
Jun
1.54
May
Jan
—
—
"U"
Larder
Secord
Laura
July
25c
Jan
Leduc-West
May
20%
Jun
Leitch
8'A
8'A
8%
8%
__
7'A
Feb
75
8
Jan
GO
7'A Mar
„
24!A
1.75
2%
2%
100
2
Jun
23%
24%
2,305
21
Jan
1.70
1.80
2,110
1.30 Mar
19
104%
__
_
__
__
19
104%
109%
2 %
4.35
J_
„
8% Mar
9
Jun
3%
27
2.29 Feb
19
80
140
101
Mar
108
Jan
15
107
May
111
110
2%
20
Jan
Candy
2 % Mar
16
14
Feb
102% 102%
10
99
Apr
3%
17
106%
Jan
Jun
Jan
4.15
4.40
7c
7%c
3,183
6,000
2.90 Mar
7c
6.10
14c
Feb
4c
May
2c
2c
2,000
2c
July
May
62c
64c
15,200
52c
Mar
80'Ac May
57c
60c
Mar
1.09 Jan
3,500
10c
10c
1,000
10c
3'Ac
3'Ac
500
Jun
7'Ac
Feb
2.25
2.43
9,350
1.95 Mar
2.70
Apr
*
6c
6c
1,000
5%c July
_1
3c
3c
4,500
13c
16c
12,000
__
3c
Apr
Mar
2.43
3c
Mar
1
•
50
13c
10c
Mar
113
113
113
125
101
52
52
52
110
49
•
4c
4c
20'A
Jun
3c
600
4c
21% May
f i
/lie
Jan vi)
16'A Mar
210
•
8c
Jan
n%
Jan
>;
'4'Ac
Jan
/
3'Ac July
4c
2,000
3
14%
14%
14%
180
2%c
2%C
3%c
1,500
2 %c
July
60c
Mar
4c
12
Mar
-
•
•
-
_
•
1—
Oil
85 c
87c
4,700
1.12
1.20
3,800
1.10 Mar
7%c
87c
7%C
500
1.19 May
7%c July
6%c Apr
i;
*
Gold
Mines
1
Ltd
1.20
>
<
.1J25 Jan
'
•v
;
Gold
i
Class
__
__
_
"
Lexindin Gold
1
7c
500
1
27c
25c
29c
7,300
25c
July
•
70c
68c
70c
3,000
67c
*
30
30
30
270
7c
14c
A
•
Jan
59c
Feb
it
'
*
Goldfields
28
28
28
58c
54c
59c
7'Ac
24%
14,100
7c
1,500
*
--
—
1.50
31
26% Mar
125
1
B
Louvicourt
16c" JUn
July
1
—
7c
•
July
•
1
Jun
•
1.50
Feb
t:
Mar
,
/
Jan
v
29%
Apr v
40c
i
Jan
/ »
vll'Ac Feb
MacDonald Mines
v
v
Gold
1
Mines'—
2.50
1,385
50c
57c
21,290
40c
July
V." 1.95
90c
96c
4,200
90c
July
A
B
—
Feb
10%
10%
554
7%
•
_»
------
*
Jan
96c
2.40
•
MacMillan Export class A
Class
Jan
.'3.00
2.30 July
2.30
52c
1
Mines
Macassa
8
9
5,620
'
1.54
—
11/ •Jtily rW8% May 5..1
Feb
4%-Mar',
j
Magnet Consol
.
...
1
7,800
•
2c
—
2c
500
13%
«
Milling
5,000
1.80
13%
278
-"
2.25 July
11,655
20c
1.70
•
Manitoba & Eastern
2.48
19c
1.80
Malartic Gold Fields
Leaf
2.27
2.41
1
_
19c
1.50
•
2c
11
3.15
40c
July
.
Jan
4
Feb
-
1.95 Jan
Apr
Jan
■■•!
Mar
4c
May
14% Mdy
Jan
11c
I
20
1
....
Madsen Red Lake Gold Mines
600
48c
1
Feb
-Jan
18% Feb
5,416
1
Feb
6.95
'
\
Jan
3.00
July
Feb
May
14c 14'Ac
_1
-•
4.55 Jan
105
470
15%
20'A
1
Loblaw Groceterias class A
450
5.50
1
11% July
11%
•
5.50
5.40
70c
2.05 May
400
Lingman Lake Gold Mines
Little Long Lac Gold Mines Ltd—
10%
*
300
-
47% Jan
11%
May
3,450
Jan
Jun
11c
' Mar
25c
28c
—
15'A Mar
600
14% Mar
2.25
Mines
34
16%
15c
10% July
27c
a
5i05 May
41%
6'Ac July
2,175
—
18% May
40
1,000
2.10
_
3.60 Mar
16'A
7c
10%
*
5,800
41
7c
10%
—1
_
4.45
16 %
May
7c
l
*
Lang & Sons
19
150
/
10%
(1945)
Mines
Gold
i.amaque
3'Ac
—
Luz Mines
1
Gold
Marcus
3
Massey-Harris
common
Preferred
.
19c
Jan
4c
28'A
a
A
__
__
...
•
4c
1,500
20%
21%
21%
6.205
28'A
29
2,370
McColl-Frontenjic
Preferred
16c
Jan
100
—
Porcupine
McKenzie Red Lake
—5
Mines
—
_
—
-
1
14
98
56
35c
3c
24
7%
31c
July
<'•
Mar
6c
23
MatMar
30
v
9%
Apr
Jan
May
:«
Jan
'
35
13%
14%
4,710
98
98
56
56
150
35c 37'Ac
6,900
35c
July
75c
Jan
18,000
8c
Jun
29c
Jan
20
9% Mar
16
May
Feb
100
July
90
55
Jun
McMarmac Red Lake
25'Ac Jan
118
Jun
Milton
Feb
53
Apr
Mining
•
Oil
•
Brick
Corp
-1
«
Mills
Mid-Continent
Feb
Gold
•
_
_
10c
9'Ac
19%
19%
11c
v
66
330
15% Mar
21
7c
5,C09
5'Ac Mar
lie
1.90
1.85
2.00
1,000
1.75 Mar
8.85
8.70
9.00
5,270
-6.10 Mar
.7c
6'Ac
20
,
3
.
-
Mar
July
Mar
Feb
9c
•
common
10c
16
7%
7%
May
16c
20
-
__
5,200
10c 13'AC
10c
4c
Martin—McNeely
Mercury
Preferred
Jun
650
*
Lake Wasa Mining
Mclntyre
Goodyear Tire common
1.95
15%
1
McCabe Grain class
Mines
19% May
July
25%
l
4.00
58c
Goldvue
Feb
Mar
1.25
14
34c
_
4.25
•
Porcupine,
Jan
27
Apr
15%
—1
—
1.15 Apr
Lake
Mines
Jun
10%
25 Va
lie
1,766
God's
Goldora
Jan
53'Ac
Mar
23%
99,295
13%
25'a
Gate
3,000
C4c
Goldhawk
32c
Jan
18c
43%
200
1
12c
1
Manitou Mines
Jun
Jun
,
7'A Mar
3,500
7
_
20%
1.87
1
Eagle Mines
13
13%
—1
11c
470
l
Golden
34
Apr
9'A
.
1.80
Oil
Gold
29%
Feb
42c
25'Ac Mar
2,485
23c
50%
7
1
1.85
__
.
Globe
Gold
49
350
9c
May
5c
2,000
18,400
7
-
20
Gillies
Goldcrest
22c
6c
40c
33%
Jan
May
16
18
18%
Glenora Gold
Gold
33c
38c
14,512
Mines
Rowan
Jan
1
Mines
9.70 May
*
Labrador Mining & Exploration
10c
Giant Yellowknife Gold Mines
Goldale
Feb
35c
_
—
(John)
Labatt
Maple
___•
5.35
1.45
1
Lake
12c
100
Lake
7,690
50%
.-50c
_
Kerr-Addison
5%o Mar
100
_
12
8.10
if
12,600
•
—
Jun
7.60
„
79,100
100
„
8'A
7.95
16%
Mines
Kelore
6c
•
common—.:
preferred
Bakeries
General
•
Power
250
794
*
Kelvinator
7%c
•
preferred
20
9.00
5c
1
_
MacLeod-Cockshutt
v
Jan
Jan
20 % July
Mar
18
20
*
Quebec Mines
5%c
*
class A
8c
15c
7%c Mar
8.70
1.25
common-
Kayrand Mining
6%c
•
Manufacturing Ltd
2,500
May
•.
Co
_
Fortune
'
Frouisher Exploration
July
1,500
8c
15%
(1939)
Lynx Yellowknife
Ford
5c
5'Ac
Jan
75c
9.00
•
Joburke
Lake
*
Fleet
Jan
1.45
Jacknife Gold
Jan
•
common
50c
15%
Petroleum
74c
10
Ltd
900
8c
32%
1
International
July
Mar
___1
Preferred
Fittings
2,200
57c
125
International Uranium
Lencourt
Fibre Products common
Jan
99
24'Ac Feb
1
Nickel
18c
•
Players
Fanny Farmer Candy Shops
95c
July
Mar
'5c
8c
6
International
6,300
1
Falconbridge Nickel
July
95
10c
100
18c
■»
Famous
35c
10
Feb
41
Preferred
17c
6c
1
Brass
Eureka
3,800
95
25%
International Metals class A
18c
1
Gold
Sol
Empire
36c
25
Lebel Oro Mines —1
El
Jan
Jun
1
Gold
7c
25'A
Inspiration Mining
30 %c
»
Mines
95c
July
45
(John) & Co—.
Jan
20
A
July
4c
8
Indian Lake Gold
Inglis
17c
*
class
Paper
60c
.1,500
8
common
Lapaska Mines
Eddy
May
4c
57c
•
Varnish
10,100
1
Easy Washing Machine
15c
68c
10
preferred
Imperial
20c
1
Steel
Jan
Mar
5c
2,000
3,511
1
18c
•
Mines
Jan
Jun
12c
6c
*
Preferred
18 %c
*
East Malartic Mines
32c
12%
9'A Mar
95
Rights
Imperial Tobacco of Canada ordinary_5
1
Oil
Crest
.May
35c
1
Bank
Oil
Imperial
1
Duquesne Mining Co
Duvay Gold Mines
16
u
5'Ac July
500
10c 10'Ac
•
—
Mar
11 %c July
450
Feb
9% May
6% Mar
■
<14
60c
66c
36c
Bay Mining & Smelting
Hunts class A
•
Ltd
5,100
*
Howey Gold
Lake
Dulama
25
5.00
Jun
Jun
16% July
12,000
'
18%
Mar
51c
125
3.50
Apr
4c
common
Kirkland
20
9
14%
37c
Jun
6c
1
Paper
Kirkland-Hudson
15%
May
1
Mines
Smith
22% July
15%
Jan
3c
*3.20 May
1.20 July
20c
2,000
6c
•
13'A May
15%
5'Ac
.
14c
Mines—5
Oil
11
1
Woollens
3'Ac Apr
l%c Apr
100
*>
Gold
Kirkland Townsite
Dominion
4,000
2c
3.60
11%
*
Hollinger Consolidated
19% Mar
Feb
5'Ac
l'Ac
*>
Kirkland Golden
50
4%c
2c
6c
Mining
Jan
116
'
i
Hinde & Dauch
May
12 %
17'A May
100
__
Highwood Sarcee
2 7'A
22%
13% Mar
1
26%
12'A
730
13C
:
22% Mar
22 %
__
IGu
common
16%
11''A
1
preferred
Paper
21'A Mar
12'%
23%
Textile
15%-
1
Mascot
20
2534
1,600
13o
1
Red
500
25% '
25%
•
Preferred
3% Mar
1,675
*
Apr
.
40
15
•
Dominion Tar & Chemicals
Dominion
52%
27
9
1,020
8%
25
Steel & Coal class B
Dominion
52%
26%
9
50
Preferred
Dominion
52%
26%
•
Magnesium
' '
Dominion
10
J.
Foundry as Steel
Dominion
14
50
'
——41
•"i'Tst preferred
Dominion
275
14
14
1,500
15,550
20c
1
Island Mountain Mines
common
Jun
99c
1.50
Feb
25'A
14
10
Fabrics
Dominion
24%
*
Dominion Bank
1.15
Mar
60c
91c
•
Highland-Bell
Jan
Mining
Mines
Apr
1
Lake
Seagrams
'"Diversified
1.05
7c
1
Yellowknlfe
Discovery
23% Mar
1.27
1
Mines
Lake
Red
—
1
Nickel
Denison
Detta
*
A
Mines
Delnite
Jan
1.20
1
Carpets
Gold Mines
Hosco
40%
14%
Hasaga Gold
4%
Leather class
Davis
330
—
Gold
Howard
July
20'A Jun
44% May
15% Mar
1,605
3.60
—1>
Hard Rock Gold Mines
Homer
18c
18%
Bridge
Home
Jun
42%
-1
Cotton
Highridge
May
13'Ac
1,000
5'Ac
._1
»,
Hamilton
Heva
16c
18
16
——
Hamilton
Hedley
July
8%
Swayze
Halliwell Gold
Headway
July
May
10c
5,000
20c
Hallnor Mines
Harricana
11
20
42
1.36
.—
Gypsum Lime & Alabastine.
Harding
May'
Mar
18'A
99C
Mines
Lead Mines
Harker
10c
10
19
42%
Gunnar Gold
Halcrow
50
155
19%
13'Ac 13'Ac
preferred
High
Low
High
10c
—
Guayana
Gulf
Apr
Crowshore
-1
Range Since January 1
Shares
Jun
Jan
30c
19'A
—
—„
for Week
10%"T0%
„
A
Great Lakes Paper common-
Hudson
Craig
4'A Mar
—#
A
class
class
Bousquet
Hendershot
take
Coin
Low
Grandoro Mines
Jan
2.65
30c
2'Ac July
8
—
25
Jan
July
10c
100
18
Mar
4c
2%c
*
a
-
9%
9
18
Mar
11% Mar
8,500
2.50
July
1.05 Mar
150
4c
*
com
U-L
1.20 Feb
1.20
1
Dunlop
1.00 July
1.12
__
1
Preferred
Cocksnutt
24
45
1.10
a,
Willans
A
100
24
41c
s
common
Malartic
Cochrane
•
24
1,400
1
Cochenour
24
26%
1
Knitting
Jan
15
217/a Jun
43c
1
Feb
88c
Sales
Week's
Range
of Prices
Par
High
12% Mar
7,484
1
j,
A
Gitralam
1&'%
41c
*
;
common
Mines
Gold
Circle
17 %
Mar
11
120
13 %
July
68c
3,150
42c
1
:
Chesterville -Mines
Ohimo
70c
1
Mines
Porcupine
Chesklrk
»
*
_!
Gold
68c
,
Sale Price
STOCKS—
January 1
Low
1.50
__
1
Patricia
Central
Central
__
1
•
Range Since
Shares
High
24
__
*
Castle-Trethewey
Central
18 'A
*
A
T of Prices
13%
25
Corp
Wirebound class
Canadian
Cariboo
•
Oil Cos common—
C'axiaaian
Last
for Week
Range
Low
70c
Sales
Week's
4
Jun
Jan
Jan
10'A May
Number 4719
Volume 168
THE
COMMERCIAL
&
CANADIAN
RANGE
Week's
Friday
Last
STOCKS—
LISTED
FOR
WEEK
ENDED
CHRONICLE
(381)
MARKETS
JULY
23
Sales
Friday
for Week
Range
Sale Pfice
FINANCIAL
of Prices
Week's
Last
Shares
Range Since January
1
STOCKS—
Sales
Range
Sale Price
for Week
of Prices
Shares
'
Par
Modern
Containers
Moneta
Porcupine
_
...
Preferred
__
National
74
Grocers
*
_
Petroleum
Mai-
54c
Mar
Class B
May
Negus
Steel
*
Mines
Neil«m's
New
Car
Preferred
_
_
_
65
Feb
76
ADr
Siscoe
300
25
Mar
27
Jun
Sladen Malartic Mines
37c
Mar
Southam
10c
Jun
14 ¥2
14 ¥2
180
13 ¥4
Apr
16
New
New
Mines
Jason
_
Marlon
110
27
Apr
30
jun
33c
Jan
34
Jan
26C
4,000
55
24%
23 ¥2
24%
620
___
2.19
2.07
102
102
4%C
4%C
Pacalta
1.25
¥2
18c
25
Mar
•
VB Mai-
18 ¥4 Mar
6.000
-
-i'>
1
—
•
17c
1
1.34
2.99
103 ¥2
Apr
2¥aC Mar
3,700
8.989
17c
15c
*
Oris
1
17c
75c
6c
Mar
Gold
1.52
31¥2c July
Normetal
Canada
Inca
38c
23,000
34c
26c
Mar
175
17 ¥2 Mar
*
1.26
1.26
1.35
8.000
1.18 Mar
Standard Chemical common
Standard Paving common
•
6%
6%
150
5 ¥4 Mar
750
'
Oil
class
A
»•
Feb
Stanley Brock class B
Jun
Starratt
Feb
*
—
Stedman Bros
Jun
Olsen
Steel
„—-S
13c
of
33c
Apr
Sullivan
46c
Jan
Sylvanite
16 ¥2 c
50 ¥2
lie
,•
4c
11,600
6C0
Mar
1.04
2,385
43
3,500
lie
2.52
2.43
2.56
45,441
■L
5c
5¥aC
6,000
4¥2c
4 Vic
40c
41c
•
.
40c
Apr
1.50 May
Mar
52
Jun
100
'
Gold
5¥a
—
1
—
5¥s
'
100
65c
65c
8¥s May
Feb'
4
8 ¥4
14%
ICo
5¥2
5%
Mar
137/a
Canada
•
common
Preferred
_25
Steeloy
Mining
Steep Rock Iron
Apr
15
Jun
Cons
Mines
78
190
67
Feb
80
80
25
72
Mar
82 ¥2
Jun
6c
3,000
Jun
12c
Apr
1.93
2.04
13,400
1.25
2.00
1
?-"V.
77
6c
1
Inlet
Jan
79c
Feb
5%c
—
•>
Mines
Jun
«*i«
Apr
60c
Apr
21 ¥2 May
\Apr
4¥8
4,40)
14¥4
__
•
„
1.32
5c
80
1.68 Mar
3,000
99c
2.40 Jan ;<
Jun
9c
May
Mar
2.05
24c
1.50 Mar
Jan
Mines
10c
10c
11c
3,500
1
-
1.36
1.25
1.37
13,500
1.27 July
1.99
Jan.
Jun
19c
Jan
Tamblyn Ltd common
Teck-Hughes Gold Mines
*
27
26%
27
75
23% Mar
29 ¥2
1
2.50
2.35
2.56
6,920
2.35 July
3.50
Thompson-Lundmark Gold Mines
•
34c
34c
1,500
1
Mines
Jun
10c
Jan
Toburn
Gold
1,000
4c
Apr
10c
Jan
Torbrlt
Silver
2,000
38c
July
55c
Jan
37c
32c
38c
55,300
14c
Apr
38c
Toronto
2¥ac
2%c
3,500
2c
July
4 ¥2 C
Feb
5%
5%
200
3 ¥4 Mar
1.65
1.95
17,250
1.40 Mar
1
*
•
1.87
62
60
57/a July
2.20
1
Mines
General
1
—
Petroleum
1
Page Hershey Tubes
•
Pamour Porcupine Mines Ltd
Cadillac
_
•
_
..
__
1
..
Piccadilly
Porcupine
Feb
92c
Jan
5%e
4,000
5c
July
16c
Jan
7 ¥4
220
6
Mar
10%
Jan
90c
7c
.
7c
3,600
6c
July
55c
8,100
50c
Mar
15 ¥2 c
18c
21,700
14
July
18 ¥2 C
Feb
1.15
Jan
70c
Feb
1.41
25,300
37
39
1,325
1.18
1.13
1.20
3,315
5¥2c
5'/i>c
1,651
5c
Jan
7 Vic
Jan
35c
38c
8,150
33c
Jun
46c
Mortgage
ll¥2c 12¥2c
50,300
10c
Mar
20c
65c
Apr
82c
80c
Mar
1,500
175
20
172
Jun
175
25
100 ¥2 July
108
*
Resources
•
Fuel
class
A
preferred
12¥2c
--
70c
70c
4¥2c
900
5c
6,000
1.95
5,240
2.45
900
6c
2,000
37c
2,500
43
45
935
55c
6c
6c
37c
1.93
1.85
2.35
Keno
United
25
Oils
United
Hill
•
*
Steel
1
*
-
Royn Gold
Voting trust certificates
__
-
43
1
..
1
1.48 July
Ventures
Ltd
200
Jun
Jan
Feb
45 ¥4 July
35c
Mar
63c
40c
42c
5,200
8
1,905
21
21
95
16
Feb
48 ¥2
48 ¥2
35
45%
Apr
15 ¥2
15 ¥2
220
13 ¥2 Mar
1.62
__
15 ¥2
__
1.65
1,650
1.15 Mar
7¥2c
__
9c
7 ¥4 Mar
1,000
7%
7 ¥4
7%
Jan
10
Jan
25
Jun
1.55
1.65
5,941
1.55
Jan
Walker
(Hiram)
(G
&
5.50
5.80
1,350
9.10
8.40
9.25
19,240
•
W)
5.55
27¥2
49%
Jun
16% May
1.95
7¥ac July
5¥fl Mar
480
1.65
•
Waite Amulet
Apr
1.06
;
4214
7 ¥2
7%
•
39 ¥4
Apr
15c
Jan
8 ¥4
May
July
2.35
Jan
5.15 Mar
7.20
Feb
4.60
#
9.25
Jun
1.50
Jan
55c
July
200
12c
3,000
Feb
Westeel
*
32
32
25
26%
Feb
Feb
33%
Jun
West Malartic Mines
*
7c
7c
7c
1,000
6 ¥20
May
10c
May
¥2 c
Feb
Western
*
22¥2
22 ¥2
Jan
Preferred
3.50
May
37c
12 ¥2
2.30
Jun
5c
12
10c
Jan
Class
Jan
16
1.85 Mar
2.35
27%
12
10c
25c
4¥2c July
26
*
1
37
5:'
Feb
56c
45 ¥4
Waterous
Jan
Ltd
common
Products
Grocers
common
__
15%
700
50c
Mar
88c
Jan
50c 51¥4c
2,500
50c
Mar
72c
Feb
16 ¥4
720
15-%
11
Feb
17 ¥2 May
50 ¥4
50 ¥4
50%
5
1
14 ¥2
13%
14 >2
700
1.55
1.55
1.60
3,820
1.50 July
14
14
14
50
13 ¥4 May
15
53
53 ¥2
160
51
72c
12.700
55c
Mar
90c
Mar
89c
86c
22 ¥2
25
21
31¥4
31¥i
500
29
July
33
33 ¥4
80
32
July
22
13
Feb
!
•
25
24%
25
695
100
99%
99%
100
75
6¥iC
5%c
7c
4,500
com
Wiltsey-Coghlan
1
Wingait Gold
1
5
Combing
6c
6c
6c
20
„
20
Wright-Hargreaves
•
Yellorex Mines
1
20c
18%c
20c
1
60c
60c
•
5c
5c
2.45
2.25
2.45
97¥2 Mar
5c
5c
2,000
50
1,715
19
July
19¥ac Mar
May
31 ¥4
33 ¥4
Preferred
Jan
1
Si
40
-
Quebec Labrador
Quebec Manitou
1
50
Apr
70
lO'/a
Feb
17% May
__
69c
70c
65c
70c
2,700
52c
1
42c
39c
42c
6.370
39c
•
Mining
2.10
Jan
1
Mines
Gold
July
*
(Geo)
31% May
Apr
10c
.25
'
Jan
33 ¥2
Jan
36
28
f;
¥4 May
Jan
101%
Feb
11c
Jun
Jan
12c
Mar
Mar
24
May
2.25 July
Jan
2,90 Jan
Feb
July
10 ¥4 Mar
Mar
10 ¥4
-___100
A
Feb
Yellowknife
Dome
_
'
24
54 ¥4 Mar
69c
Metals
Proprietary Mines
Purity Flour Mills pfd
„
5,165
Juiy
--100
Kegcourt
40c
45 ¥4
•
Wool
3
Corp
Premier Trust
Quemont
45 ¥4
1
Upper Canada Mines
Weston
Gold
Queenston Gold
100 ¥2 100 ¥2
—
45 ¥4
__
50
Class B preferred
United
Feb
28
July
July
81c
50
class A
Transcontinental
Jan
85c
79c
Jan
--
1
River
East
July
Jan
80c
1.84 May
1.25
_
Peninsular
Powell
79c
21c
173 ¥2
*
59c
39
38c
Pickle Crow Gold Mines
Reef
Apr
80c
United Corp class B
4,000
17,100
1.40
_1
Porcupine
60c
173 ¥2
Jun
62
53 c
1
-
Gold
7c
16c
1
_
_
Porcupine
5c
1,000
1
•
7
7 '/4
1
Mines
Gold
6,500
Feb
Wtkusko Consol
..
Paymaster Cons Mines
Gold
6c
62c
Jan
49c
,
100
Trusts
Union Gas
1.22
1.11
1
Mines
Mines
62c
Jan
5c
1.16
1
*
__
Bake
Lake
1
Traders Finance
United
Red
5c
5 ¥40
Apr
July
July
2%c
—
.
32c
62c
—
2.67 May
?4c
v.
Jan
50c
Gold
May
1
-
_
_
Preston
5¥e
4¥2
Apr
Jan
May
1.56 May
17¥2 Mar
Jun
1.20
49
*
Omnitrans Exploration
Orange Crush
Pressed
55c
39c
Jan
8¥ac July
12c
Co
28c
1
(1940)
Oils
Power
20
5%
...
7
19%
20
Jan}
20
♦
Jun
25¥2C Mar
11c
*
common
Ogama-Rockland
Powell
6%
!__*
Radio
12c
667
50
-
O'Brien Gold Mines
Pioneer
*
Preferred
Jan
8,000
11c
1
,
Mines
Mines
Star
Perron
__
Jun
Jun
101 ¥2
Mar
500
July
9¥aC
1.10
1
.
Gold
Northland
Pen-Rev
36c
Mar
37c
Toronto
Pandora
36c
96
19%
31c
IV2C
13c
*
Mining
Northern
Pacific
150
19
33c
18,700
•
Gold Mines
Norseman Mines
Oslsko
101
37c
July
15c
1
Malartic
Norpick
Osulake
100
100
High
Thurbois
Norbenite
Orlac
26
Low
19
17c
31¥2c 31¥2C
31¥2C
5
Noranda Mines
Okalta
Mar
1
Co
2,500
12c
9c
.—-S-*
Nipissing Mines
North
18
•
Surf
New Rouyn Merger
Nicholson Mines
North
31
195
1
26 ¥4 May
1.91 Mar
100 ¥B
40
3,000
31¥2C 33 %C
1.34
_
Norzone
New
2.16
%
1
Gold
New
Mar
24 ¥4
•
V»:V-
Calumet
New
24
22 ¥2
__
High
Jan
29 ¥2
27 ¥a
102
1
340
1
645
27
_
—
29
100
1,000
26c
»•
pref_
28¥3
•
-
74
29 ¥2
___
iWm)
Bidlamaque
Low
•
Simpson's Ltd class A
Standard
National
Bange Since January 1
Par -;
18 ¥4 May
14
Jan
26 ¥2
27 ¥e
National Sower Pipe class A—,.
28c
65
14 ¥2
Springer Sturgeon
14 ¥2
--25c
...
17 ¥4
High
Mar
73
-20
_
1,000
iLow
26%
—
com
38c
■
11
10 ¥4 c 10 ¥4 C
26 ¥2
Mines
Preferred
National
—25
__
50
17
—
*
_
;
12
38c
•
-
Moore Corp common
4
High
12
_1
—
Montreal" Locomotive
Mylamaque
Low
*
common
Jan
Ymir
-
Bear
Yankee
Girl
3 000
18c
Jun
40c
Feb
60c
2,916
60c
July
81c
May
5c
2,500
5c
July
9c
Jan
Feb
Feb
13
12%
13 ¥2
2,370
-1
5c
4¥4C
5c
4.000
4C
Apr
9c
15c
15c
16c
1,500
7c
Jun
16c
July
Exchange-Curb Section
Jan
-73c
Toronto Stock
15% May
Canadian Funds
Reno
Gold
Richmac
-
__
Gold
Riverside
(1936)
Silk
class
1
_
_
15c
17c
6,700
15c
May
28c
32
32
5
30
May
33 ¥2
51 ¥2
10
48
Apr
10%
10 ¥2
30
8
Mar
4c
4c
2,000
STOCKS—
Range
of Prices
Par
Robertson
Mfg
Robinson
Roche
preferred
(Little)
-
-
m
common
Long Lac
1
_
—
4c
51 ¥2 July
11 ¥8
8c
July
Jun
Jan
Asbestos Corp
British Columbia
Co
Brown
•
Pulp & Paper com—*
Oils
•
Co
Royal Bank
Royalite Oil
10
31c
_
-
24
24 ¥2
755
23 ¥4 Mar
25%
19
24 ¥2
*
—
37c
19
150
16
20
4,000
25c
49c
Mar
Feb
Russell
Industries
1
—
1
6c
13',2 c
*
common
„
6c
4,500
9¥2C 13¥2c
16,500
17
18
1,045
5c
Jan
5c
Mar
16c
23c
Feb
13
19
Jan
July
Saguenay Power pfd
Lawrence
San
Corp
Antonio Cold
Sand
River
Sannorm
Scythes
100
preferred-
A
Mines
Ltd
Gold
1
1
—__
Mines
&
Co
102 ¥2
50
42%
3.45
—
1
St
common
Senator Rouyn Ltd
1
Shawinlgan Water & Power_;
.
*
10
42%
101
Feb
25
102 ¥2 102 ¥2
34
Mar
Canada
&
Dominion
3.50
1,900
6c
6c
1,000
5c
1,500
7 ¥2 c
7¥aC
8c
14
14
14
25
42c
40c
42c
32,750
22%
21 ¥2
22 ¥2
48
48
48
1,285
14
Jan
May
Canadian Vickers
20
¥2
100
:
—
25
44
May
Canadian
1
.
Sherritt-Gordon Gold Mines-
10c
10c
1,000
9c
July
50o
_<
1.12
1.14
2,500
98c
Mar
Coast Copper
Consolidated
17c
*.
Jan
Dalhousie
Jun
Disher Steel
Feb
23%
48
20c
2.45
2.20
2.50
44,120
1.43 Mar
15 Vi
15 ¥2
16
395
11 ¥4 Mar
16 ¥2
15%
510
11% Mar
16
—1
6.70
6.70
6.70
210
6.50 July
1
46c
39c
46'c
36,200
35c
1
27 ¥2 C
24c
28c
16,700
20c
9%
9%
9%
150
9 ¥2 July
8%
9%
483
8% July
1
.V T C
,
common..
—
Sigma Mines (Quebec)
Silanco Mining
Silver Miller Mines—
—
Silverwood Dairies class A
Class B
.—i
■
—.
135
Jun
109¥2
107¥t
110
720
3% Feb
80
Mar
6¥s
Jan
115¥2
Jun
19
19
35
22
23
535
19% Mar
2%
2%
200
1.50 Feb
38
__
„
39 ¥2
15 ¥2
Feb
20
24 ¥2
100
.
Lumber
„
155
Jun
5
—
Paper
•
Oil
*
—
common
155
10
4
4 ¥4
1,325
9
Bridge
49
__
1.25
—
5
25 ¥2
49
103
20 ¥2
134
July
43 ¥2
Apr
Mar
Jun
39
1.25
100
20¥2
4,645
51 ¥2
36c
2,650
33¥acMar
36c
4
24%
Feb
Jun
2.25
14% Mar
1.00
Jun
4% May
Mar
1.25
.
165
3¥a Feb
18%
20%
*
:
1
Preferred
Dominion
*
—_
250
155
2
Jun
Jan
3
Apr
21 ¥2 May
60c
Jan.
July
5
285
25 ¥2
225
21 ¥2
Apr
25 ¥2 July
Feb
33¥4 May
2% May
9
31 ¥4
30
31V*
145
27
•
21 ¥2
21¥2
21%
120
20¥i Mar
2.75
2.75
100
5
July
Feb
1.23 May
3.20 Apr
15
Breweries
Feb
1,050
•
common
Foothills
Paper
Oil
•
Hayes Steel
*
International Paper
Sick's
May
72
4¥4
*
Westinghouse
Feb
Donnacona
Shawkey Mines
Sheep Creek Gold
30
70
4
•
:
—
Jan
14%
Mar
Feb
Apr
'
Preferred
Jan
110
4¥4
1
Preferred
67 ¥2 c
July
High
25
110
__
350
Mar
4.35
Jun
Jan
38c
Sugar
common
Marconi
12c
3.30. Jun
3.35
Low
27 ¥4
102 ¥2 July
45
Range Since January 1
High
26
1
Canadian Industries
Canadian Western
St.
Shares
Jan
Canadian
Roybar Chibougamau
Rupununi Mines
Low
27 ¥4
Sales
for Week
100
common
Preferred
Roxana
Week's
Last
Sale Price
Jun
51 ¥2
Friday
Feb
32
51 ¥2
*
A_
Jun
„
—
27 ¥2
•
63%
62 ¥2
•
common
Minnesota & Ontario Paper
25¥4
24%
28
2.60
23¥4
20
Feb
65
3,835
46
Mar
25¥2
1,175
20
Feb
100
Jaii
4.10
Jun
Jan
34
70%
28
Mar
Jun
May
May
8.50
Feb
Pend
Oreille
Jun
70c
Feb
Price
Bros
July
48c
Ja»
12%
Jan
Supertest Petroleum ordinary
9
11 ¥2
Feb
Temiskaming Mining
1
Southmount
1
:
Investment
*
*
3.85
4.15
2,800
61 ¥2
61 ¥2
25
39c
39c
40c
—
45
45
25
6c
6c
2,000
—
—
—
1,395
2.25 Feb
56
4.80
Apr
67 ¥2
Mar
Jun
Jun
37c
Jan
42c
45
Apr
Jun
48
6c
8c
Apr
Jan
■
> I.'*
jig;
'r:;
i
■■■■■-.
'
:
••
•
*r--J■:/^^;:.r-",
■
■
<,■■■
...
U
'r.#:
-a'-fL:
■ft /■;
.v.»M
■v.
,:■=
—
For footnotes see page 42.
—
f- S'V, M« *•«*?, ?'
1
..W
jb
41
Monday, July 26, 1948
CHRONICLE
COMMERCIAL & FINANCIAL
THE
(382)
42
OVER-THE-COUNTER SECURITIES
Quotations for
Friday, July
23
Obligations Of Government Agencies
Investing Companies
represent one or more 82nds of a point
Figures after decimal point
Alk
Bid
Par
Mutual Funds—
_1
VA
10
1
Associated Standard Oilstocks
Shares series A_
:
2
27
3.95
7.91
15.72
lc
3.73
4.11
1 %s
4.20
4.63
2%S Feb. 1,
Drug shares
3.53
4.24
Inv Tr of.
,»1
Holdings Corp—
Bond
3%
.
General
lc
.
Industries
lc
Paper shares
—lo
.10c
8.65
8.66
16.84
18.21
Manhattan Bond Fund Ind—lOo
Mass Investors Trust
*
' f
13.22
19.83
-5.00
31.26
Fund Ltd—
—1
18.10
Inv Fund Ltd
1'
3.85
Century Shares Trust-.
1
29.07
Chemical
Fund———..
I
13.96
Christiana Securities com—1092,915
Preferred
——
100 140
Commonwealth Investment >~1
5.89
Bullock
Canadian
Delaware 'v
Dividend Shares^
-
1
Fund
1
1
5
P1nAnclat\Jndustrial Fund Inc lc
First
Boston Corp.:—
10
First Mutual Trust Fundi
1
Fundamental Investors Inc
2
Fundamental Trust shares A—2
General Capital Corp
—1
General Investois Trust
.-1
S:.
Balanced
National
•
16.00
Investors
Low
Priced
Preferred
Income
Bond
Stock
•
9.66
8.66
1
7.39
Bank
1
9.74
8.10
10.67
stock
8.62
2.54
1-48
11-1-48
bl.50
12.33
1
1
1
1
18.14
1
12.17
6.15
6.36
preferred stock
equipment
1
1
1
.
1
1
Utility
9.46
11.00
12.53
10.92
July 29, 1948-
25
15.26
1948
1948
bl.00
0.90%
bl.00
0.92%
bl.00
0.94%
1948
bl.00
0.95%
Oct.
4.86
1.69
1.73
5
23.30
25.19
Shares Ltd—
9.73
Trading
&
Fund
(Geo)
Putnam
5,
12,
Inc
Fund
1
3.06
26,
Aug.
Sept.
26.48
27.57
50.30
New York
—,
6.44
,12.19
20%
6.92
77c
49.75
85c
52.75
25c
1
81c
21.51
—1
1
17.98
6.38
20.32
7.96
9.87
17.20
1
16.08
20
the Manhattan Co__10
Bank of
7.23
14.88
B———
Series
:
Series
Shares
Fund series A
Union Bond
7.92
14.57
Trusteed Industry
C—,—,—1
-
Stock Fund—1
Union Common Stock Fund—
1
Wall Street Investing Corp
1
Union Preferred
/.V-V/421
Commercial National Dank &
20
39%
41%
i.10
23%
24%
56 %
82
Public Nat'l
50
54%
79 :
10
14
16
Title
Fiduciary
10
33
35
United
Trust
Co
28.55
24.56
26.80
.1
16.47
17.97
Empire Trust
9.70
10.59
17.05
18.61
22.57
24.62
Continental Bank 8s Trust
Corn Exchange Bank
Unit Type Trusts—
i
_>__.
Trust
2.50
29.35
14.68
16.02
Independence Trust Shares
12.97
14.15
6.92
5.11
5.58
Series
.1
5.49
6.02
Series 1956
2.47
Insurance
Bid
Par
Life
y Aetna
—
1955
2.50
American
American"
American
American
American
Reserve
Surety.
American
Automobile
——
Bankers 8s Shippers
Boston
—
Camden
Fire
General Life
Casualty—;
8s Forster Inc—
'Connecticut
Continental
Crum
Employees Group Assoc.
Employers Reinsurance
Federal
Fidelity 8s Deposit of
Fire Assn of Phila.
Md_
Fund of Frisco
Firemen's of Newark
Fireman's
Glens
Globe
Globe
2nd
Great
47%
,.
Insur Co of North America
10
49%
Jersey Insurance of N Y
20
Trust
States
78
9%
8%
100
575
545
Illinois
Bell
Tel
42
121/4
13%
17
19
13
14
Merchants 8s Mfrs
13%
51
Louisiana
Pow
22%
241/4
Louisville
&
27%
1978
3s
29
6%
15%
National
24%
National
62
641/2
National Union
34
—
75
New York
Elec
~
102
101%
1978
1981
3s
Telephone 3s
61%
64M2
Fire„—10
i Hartford Fire—
—10
Hartford- Steam boiler
.
,10
281/4
Ohio
42%
44%
Ohio Public Service
5
Fire
New
Fire
Amsterdam
Hampshire
30%
98%
99'A
101
.
997/a
102
100%
Casualty
2
27% *
29%
Pacific Pwr Sc
41
44
13
14
22%
24
19 1/2
21
Northeastern
5
6%
79 %
82%
Northern
49%
51%
31%
33 Mi
Fire
5
_
Ban
%
Power
Pacific
Fire
25
Indemnity Co
Phoenix
71 Vfe
Preferred Accident—
61 Mi
Providence-Washington
—
Reinsurance
127/a
Republic
Corp
102%
Pacific Gas
Il978wi^i'''«^;^>^,
1968
3s
10
31%
'
Stocks—
86
.101
102
1978
3s:
t>V. ^ ;
100
ioi
Par
1
Broadcasting
American
331/4
5%
25%
27%
Seaboard
44
46
Security
20
9%
27
75
78
Beneficial
conv
Industrial
pfd
3.50%
Public
U S
U
111
34
S
——
48%
52%
26
28
41%
43%
change,
30V4
32%
dividend.
10
1——100
Fidelity & Guaranty Co—2
Fire
4
;
10
-H
Fire—
105%"
106%
pfd>
28
91 Mi
52
94.
55
of
80
82
Mex!co_7
15%
1614 *
!—>•
12%
.—100
preferred
Service
—
New
J.
4J/4% preferred
100
Texas Eastern Transmission—•
♦
1948
27%
Tennessee Gas Transm's'n Co—
9
Loan—
series
"
Tucker Corp
102
101
"A"—>»——.—.1
98
dyVa
12 %
12%
3Mt
3%
2.50
533
48%
53
*
74
; 32.
-
f
".
10
U S Guarantee
Westchester
104
105
Ask
Bid
8%
sale (not included in year's range).
-
inciufife'ff^^^ear's range).
inclu&iaw'year's range)
,
x
Travelers
30
108
32
■
""
-
10
78
31
28
94
92
29
12%
10
Surity—
Standard Accident
23
29 %
„
6
10
(New Haven)
Springfield Fire & Marine
t.'. ■,,
100
50
Speer Carbon Co
83
2
pfd—25
Pitney Bowes 4'A%
4%
St Paul. Fire & Marine
73
95%
104%
k>l
1978
West Penn Power 3s
50%
3%
(N Y)
5%
Public Service (Indiana)
87
——5
(Texas)
& Elec
'
13%
8%
94%
102%
100
>100
pfd
Pennsylvania Electric—
3.70% preferred
Diego Gas & El 3s
$4
56
Okla Gas & El 5%%
Light
Union Elec Co of MO
152
105 Mi
102%
103%
7%
47%
—>10
31%
68 %
101 1/2
3VbS
100
10
29%
preferred
102%
101
3sl
Wis-Michigan Power
Pacific
1
82
12.50
,
4.50%
101%
1978
Potomac; Edisoif 3
10
Fire
2.50
53
pfd-100
New England Gas & Elec—
4%% preferred '
L
100
Kentucky Utilities 4%%
32%
River
York
New
North
58 %
City Power 81 Light—
preferred _>;
100
1978
26%
10
Causalty (Detroit)—10
New
147
49%
107%
102%
3%s_2003
Nashville
Narragansett
71%
1978
3%
80
10
20
10
10
5
f ;1
5% conv pfd_50
48
100 xl07
Kansas
101
1978
4%
& Lt
16%
31%
22M2
—•
10
92
N Y Stath Electric & Gas—
29Mi
5
10
-10
—10
85
90
k__
291/4
27
4
Gamble Slcogmo
14%
48
.
82
Ind'polls Pow 81 Lt 5% pfd
Iowa Power & Light 3s
Maryland Casualty common—1
$2.10 Prior preferred
10
$1.05 Convertible preferred_5
Massachusetts Bonding
5
Merchant Fire Assur
5-
,
Ask
Bid
Par
Birmingham Elec $4.20 pfd__100
pfd.100
ffteOMp-;
63%
21%
.,
.
.Florida Pow & Lt 4%%
102Vr7ja'-->
Georgia Power & Lt 3%s__1977
36
39 %
Corp
27%
98
99%
95%
20%
Falls
Hanover
Bid
26%
60 Ma
2%
10
10
10
5
81 Republic
5
8s Rutgers Fire com—_15
preferred
15
American
—5
General Reinsurance
40%
74
12
Stocks—
97%
97
1967
Ask
96%
27/gs___1977
Packing 2%s
Cudahy
Ask
Far
—5
.
25
10
Re-Irtsurance_
American
38%
28
Guarantee & Trust
•iJW,.
39%
Security Issues
Bid
Home
25
10
Newark—
American
Bank & Trust.17%
Sterling National
51%
__
Arkansas Pow & Lt
441/4
421/4
Alliance
10
Automobile
4
Casualty
5
Equitable Assur
5
Fidelity & Casualty_5
American of
88%
49
223
3.48
Companies
Ask
83%
79 Mi
10
10
10
25
Agricultural
85 %
Co_>^_20
2.78
Recent
.
25
Trust
North Amer Trust Shares—
Stks)_. .1
Insurance
100
12 Mi
100
25
7.95
1
1
_1
Series E
26.91
.1"
Aetna
*>
17 %
1-526
Shares—
Trustee
Diversified
& TrUst'_20 '
~
30
16%
1,470
46
49%
217
>37%
Trust
Federation Bank 8s Trust
Wellington Fund—
Whitehall Fund Inc
27.31
.1
Casualty & Surety
York
New
271
28
10
P) & Co Inc
National City Bank
.
1,350
100 1,290
100
262
Morgan U
_
Ask i
Bid
Par
Trust
Guaranty
Manufacturers
l
Chemi
.1
Aetna
0.96%
Fir# National Bank
321
19.66
22.22
8.70
10.07
18.77
17.29
.1
Fund
bl.00
Trust
Kings County Trust
Lawyers Trust
.1
(Low Priced com
0.96%
1948-__
14,
21,
Irving
.1
S-4
1948
bl.00
Ask
26%
24%
306
100
Bank of New York
.1
Knickerbocker
0.96%
City Banks & Trust Cos.
Bid
Par
.1
8-2
Oct.
90c
11.27
*
Shareholders Trust of Boston
29.97
•_1
8-1
0.95%
0.96%
bl.00
fndustrial'Bank of Commerce_10
1.05
15.18
■_1
B-4
bl.00
1948
2,
0.96 %
bl.00
28.47
83c
95c
13.86
•_1
Priced Bonds)
.
0.96%
bl.00
3.36
—1
2 Mi
1
Sovereign Investors
1
Standard Utilities——
10c
State Street Investment Corp_*
Selected Amer Shares
bl.00
1948
7.
0.95 %
16.41
-—•
Republic Investors Fund
Russell Berg Fund Inc
Scudder, Stevens & Clark
bl.00
Sept. 9, 1948
Sept. 16, 1948—
Sept. 23r 1948
Sept. 30.
1948.
Aug.
10.96
5
1
0.80%
Aug. 19, 1948-
8.18
9.58
10.00
bl.00
Aug.
6.97
Ask
Bid
Ask
Bid
6.74
1
1
Bills
United States Treasury
9.95
19.88
13.34
7.46
8.74
—1
equipment
*
Oct.
10c
-
1.35%
stock
Ex
n
(Uri)
55
78
•No
par
b Big yield
Ex-interest, rt Flat price,
f
r
Ex-righWuiaJa^sto'ck
value., tin
dividend paid on May
default.
10.
price,
d Deferred delivery sales (not>(
k Admitted to listing on N. Y. Stock Bx*1-'
Adnr
Cash sales (not Included in year's range). t Ex-stock
Admitted^;tfi^,Unlisted Trading privileges,
dividend.iy
50%
34..
e
Admitted, to trading N. Y. Curb,
548
i
1.45%
6-
11.25
8.63
10.04
11.43
9.96
9.08
Petroleum
.lc
(Low
bl.60
1.55%
12.39
Tobacco
.lc
B-3
1-49
1-
1-48
4-
14.18
Steel
5.51
Funds—
4-
1-48-
10*
1-48
■■
•''"
::
1.45%
1-48
1.45%
11.41
Railroad
4.47
75c
1.40%
bl.60
7-
1.35%
11.31
Public
4.11
-lc
bl.55
1.55%
1.30%
bl.50
Railroad
5.07
8.88
1-49
1-49
bl.50
Pacific Coast Invest Fund
5.40
.lc
2-
3-
11-1-48
Oils
5.86
4:50
1-48
1-48
•
bl.55*' 1.40%
56-
2- 2-48
Merchandising
lc
1
^Incorporated ..Investors
3-49
1.55%
5-
Metals
lc
•
shares
shares—.
Howe
Plan Fund Inc
Income Foundation Fund
1.55%
1.30%
1.55%
Machinery
5.89
1.25%
bl.50
1.46%!
12.94
4.90
5.42
lc
lc
bl.45
1-48
9.92
10.75
Insurance
2.77
4.51
bl.40
l-48i
10-
12.37
.1
1
Electricial
9.35
2-48
9-
,lf47-"
1-2-48
9.05
Diversified
6.11
bl.Se^./i.35%!--
8-
1-48*
12-
1.35%
ll.29
bond series
Industry
Corporate
8.35
5.63
11-
1.25%
:
A*?
1-48*
•
12-
1-48
3-
1.55%:
1
Diversified Investment Fund_l
7.39
7.70
1.20%
'Ask
1.20%
Due
Dated
Rate
Bid
£
V Due
Dated
Rate
—1
supply
Diversified
9.39
6.81
.0170
f:
Aviation
10.14
.0315
Intermediate Credit Bank Debentures
7.28
8.35
-
.0278
Stocks Inc—
11.51
8.56
.0600
.0565
.0595
.0754
4.36
16.10
6.64
8.34
7.70
.0169
Ask
.
4.23
3.99
15.01
10.50
5.76
7.89
3.92
1
1
r
y
••
$18 Oct; i; 1948 Series J_—— 100,0077
lis Oct. 1, 1948 Series K— 100.0078
3.80
6.09 v
7.23 '
1
6.99
7.69
6.62
1
11.71
5.30
lc
Utility
Keystone Custodian
5.57
Automobile
9.08
6.44
lc
lc
shares
Institutional
3.48
1
l,1949——.— 100.0618
tI'/aS June L 1949 ~
—_ 100.0110
tlVaS July 1, 1949^,100.0130
H'/sS A0r.
Sr,
>'
Certificates of Indebtedness—>
Agriculture
6.58
8.37
lc
shares
Tobacco
4.68
1
V, :.v! I
tl'/sS Jan. 1, 1949
*1%S Feb. 1, 1949
tl% Mar. 1, 1949
.0823
.0168
.0596
15, 1948:
1%% 100.0754
tOct* % 1948.——>—> 1% 100.0076j
SJan. 1, 1949—.
1%% 100.0465
tSept.
Bid
100.0469'
100.0461
100.0476
of Indebtedness—
Certificates
'
7.86
10.81
—lc
RR Equipment shares
Railroad stock shares
Steel
York
New
7.01
6.06
shares.lc
lc
shares
Railroad Bond shares
■
5.74
7.25
shares—lc
shares
Petroleum
,
48.23
6.46
lc
Investing Company
Low Priced shares—
Mining
—1
Fund
England
Building
lc
lc
Building shares—
lc
Chemical shares—
lc
Electrical Equipment shares lc
Food shares—,_
lc
Fully Administered shares—lc
General bond shares.
A.lc
Industrial Machinery shares lc
.
6.72
5.35
7.90
5.11
.
—1
Series
Selected Group Series
6;19
44.85
7.19
7.23
1
Low Priced Com Stock Series 1
New
16.08
5.83
7.41
6.58
1
Series
31%
14.67
10.00
6.78
Series
Chemical
shares
Merchandising
2.12
5.57
9.25
Maturity—
Ask
Bid
Int. Rate
Treasury Notes—
14.72
Series—
Industrial Stock Series
17.11
29 %■
Automobile shares..
Aviation
shares——
Institutional bond
Corp
13.71
1
—
series
Bond
27.19
1.94
Group Securities--
Agricultural
1
1
Fund
National Security Series—
26.39
25.15
Fund——.
Fund Inc—.
Stock
Fidelity
Inc
Nation-Wide* Securities—•
Speculative
24.69
Dollar Price
14.80
Invest
Stock Series—
Eaton dt HowardBalanced
Fund
121%,
120
1961
Canal 3s
U. S. Ceriificales of Indebtedness
-
Maturity—
15.12
3,015, <
145
•; 6.40
15.29
16.53
1.47 ■
1.62
1
—25c
Fund—
12.23
Mutual
100.2
99.31
Other Issues
Panama
4.99
8.32
28.46
1
100.3
100.1
5.40
26.33
Mass Investors 2d Fund
100:6
4.67
.
7.59
-
■
_
101.4
100.24
>100.1
100.3
4.53
4.53
shares
21.35
.->5'
98.22
98.14
1953-1951
1955-1953
1,
Ask
Bid
-99.30
4.14
4.90
Petroleum
19.75
■
t
4.24
lc
Steel shares————————lo
,y. /
99.34
Hi
Inc.—
Fund
Boston
95.37
«
America—
3.75
.
Jan.
4.94
4.11
lc
Metals
5
4.48
shares—lo
Furnishings shares
None-Ferrous
4Ya*
•
shares
Electrical Equipment shares-lo
5%
L:
Corp
Blair
98.8
98
3.89
4.67
Home
Beneficial
100
99.26
1%S Oct. 1, 1950-1948
l'As May 1, 1952-1950
Federal Home Loan Banks—"J
l%s Sept. 15, 1948—
1%S Jan. 20,. 1949
l5/aS Apr. 15. 1949
1.65s July 22, 1949 wi
Ask
Bid
Federal Land Bank Bonds—
Business Equipment shares.lc
Automobile
17.09
4%
101.22
48.14
Managed Funds—
10 Ma
8.55
9%
1
—5
Inc
Fund
A*i»-Houehton
Ask
99.20
47.18
Loomis Sayles Mutual Fund
*
Loomis Sayles Second Fund—10
5.83
4.62
29
4.33
5.314.23
Aeronautical
Sescurities
Fund Inc
Amerex Holding Corp__,
American Business Shares
Affiliated
Bid
Par
dividend.
w d When
delivered,
w i When Issued,
-yyl'M
tThese bonds are subject to all Federal taxes,
/
,
llx <40
,
^
casn^'^
*
I
I
&
COMMERCIAL
THE
Number 4719
Volume 168
FINANCIAL CHRONICLE
(383)
43
Week Ended July 17
1947
1948
;
,,
THE COURSE OE BANK CLEARINGS
'1
.
-
Pennsylvania—Aitoona.
yea? ajgo*.+
Ityeliminary figures*- compiled* by. uisi based: u£oh« telegraphic advices from the chief
:
Chester
yVfl
i. Clearings—Returns by-Telegraph*
it,,
1
*
t
'
Scrantort*.*.**.^.
K^Vnfls
1
•
v
" '
;
-.I
Chicago
'
j.;.
:
Philadelphia1..
Boston...
'
:TTflri«aft
«
602,493:121 ' X 540:576,745
<u
'
;
;
V
938,000.000
*Q
' " 7."-, r"., "J/,
fifty
'
M
•'
$t.; T.nnDr'
,
„
,
V San Francisco
v:
V.
,
:
,
.Cleveland
■/'
;
+
2,833;633,580
...
Total ali Cities; five days........
'I
1
-•
All cities, one day
1,905,486
4,155,297
+ 12.6'
7,638,053i
+ 14.4
3,721,980
7.282,933
4,885,869!
+
6.192,941
1,0141875,760
880,476,492
8,272,803
26.8
1,736,073
1,901,916
&Vv
5,124,819
.
3,667,526
6;212,338;
+ 15.3
690,980;315
877,763,141
165,514.634'
310.060,525
5.715,475;:'
19.2
+
367.048,060
4-18.3*
'4,973.476
134,420,972
133,196,699
+
18.4
273,006,166,
245,900,623
+
18,317,100
44,837,500
27,804,500
61.3
28,872,700
5,565,830
4,266.852
+ 30.4
3,512,726
7.656,640
6,759,926
+ 13.3
5,975,035.;
308,946,168
263,120,327
+ 17.4
259,427,476
938,111,073
784,649,324.
+10.6
730,930,550
Fifth
Federal
2,861.852
.4,555,077
264,417,002'
674:221,829
r
District—Riehmend—
Reserve
Virginia—Huntington
2:365,287
1,430,325
6,827,000
81,575,835
8,815.894
10.437,000
114,099',579
+ 12.8
3;4'46,266
3,048,935
198,238.330
+ 13.0
2,655,764 V
2,293,034
236,576,487
+
19.3
187,741,072 :*
167,982.163
82,420,076
79,725,563
+
3.4
467,913,810
408,093,824
South Carolina—Charleston
Maryland—Baltimore....
+20.2
43:7'
26:2':
+
13,169,000
128:646,786
Richmond*...
+33.7'
2,544,417
3,655;195
Virginia—Norfolk
+ 17:2V
District of Columbia—Washington...
+
05,247,212
45,855.593
52,210:106.
1
Federal
...
Reserve
18,459*,895
Nashville.
thOm today^ inasmuch as thO week
Augusta...
197,100,000
i 4,493,317
40,955,840
157,000:000
2,614,980
3,592,47P?
3,611,061
+ 24.4-
4,279,571
3,066,781
+ 39.5
2,912,683
2,540,362
82,039,606
77,509,347
5.8
71,777,352
52,748,996
94,619,913
83,518,901
+13.2
77,534,051
6,996,515
6,340,887
+
10.3
5,227,844
436,582
377,103
+
15.8
347,448
117,067,289
108,240,378
+
8.1
116,233,528
89,146,048
599,608,187-
...
566,188,151
+
5.9
541,850,916
424,038,063
Macon
Florida—Jacksonville
Alabama—Birmingham
—
Mobile
Mississippi—Vicksburg
Louisiana—New Orleans
Total (lO cltles).
against $13,684,671,of 16.4%, the
2.0
—
14:182,745
56.212,766
195,000,000
+12-.4-.
65:915,460
201,100,000-
14,012,773
+ 12.2-
16:448,224
74;115;499
Georgia—Atlanta
figures arc not available dt time of going tb* press.
305,963',950
349,035,335
+14.7
District—Atlanta-
Tennessee—Knoxville
+
60,135,460
4,574.002
238,630
.
Outside of this city there was a gain
Seventh
We group the
Federal
Reserve
District—Chicago—
Michigan—Ann Arbor
Grand Rapids—
Federal Reserve Districts in which they are located and from
that in New York District (including this city) the totals
1,495:856
1,560,028
11,557,157
9,527,182
5,817.446
Lansing—
6,096,330
Indiana—Fort Wayne*„
4.1
—
650,831
889,877 1
8,096,230
4.8-
6,410,928
4,546,539
+ 21.3
+
3,061,871
+ 29.4
4,717,293
3,188,587
23.1
42,237,000
30.690,000
+ 138.5
3,895,222
7,067,316'
5,459,528
Indianapolis—
60,570,000v
49,220,000
South Bendi
12,422,635
15,342,175=
5,208,809
13,105,080
+ 17.1
13,316,638
11.692,721
74,304,535
55,834,754
+ 33.1
48,039,347
39,655,637
4,117,965
30,044,233
3,518,711
+17.0
25,844,254
+
13,704,973
948,373
+ 14.7
+ 25.1
903,562
553,265
733,091,434
2,098,"457
.+ 11.7
698,853,251
511,440,090
+ 105.8
2,920,312
1,584.854
8,862,744
•„+64.6
Terre Haute*
Wisconsin—Milwaukee-*
IoWa—Cedar
The Chicago Reserve District has to its credit an increase
District, by 5.9%.
.
195.784,0721
West
show an
improvement of 2.7%, in the Boston Reserve District of 13.9% and in the Philadel¬
phia Reserve District of 15.3%. In the Cleveland Reserve District the totals are
1 larger by 10.6%, in the Richmond Reserve District by 14.7% and in the Atlanta Rel serve
2,928,311
.
foregoing will appear
clearings at this center having recorded an increase of 1.6%.
appears
2,-577,941
3,795,716
+ 20!0:
ings for the whole country having amounted to $14,885,899,004
fthis it
631,406
2:561,502'
—10:4
8,735,433
Pennsylvania—Pittsburgh
"
cities according to the
3,-0O8;786
Youngstown—
rj:: In the elaborate detailed statement, however, which we present further below
; we are able to give final and complete results for the week previous—the week
ended July! 17. For that week there was an increase of 8.8%, the aggregate of clear¬
bank
669,000,000
Cincinnati.
rAcbordirlgl.y, in. the above,' the-, last day: of the: week in all .cases* has to be estimated.,
f
847,000,000
+ 20.9
Columbus
+15.6'
dnvour issue of next week.. We cannot- furnish
620 in the same week in 1947.
+ 15.3
847,000,000
4,677,651
Sixth
ends Saturday and the Saturday
1,918,822
+ 14.0
Total (7 cities)
" 704,979,931
814;965,118
Complete, and exact details for the week covered by the
.
2,485,963
4,481.902
Total (6 cities)
■
+ 14.7
785,797
"
Mansfield
$14,796,627,182 $12,334,033,458
...
_
Total all cities for weeks.
707.7 0 4
3,074;,422,
Cleveland—*
+ 21.6V
$13,981,662,064 $11,629,053,527
*«
904,310
Fourth Federal Reserve I)istrict—Cleveland—
'
+ 13.1+20.3
+46.0
$9,509,694,102
2,119,359,425
$11,148,028,484
Teh cities, five days;
706,753-
2,507,770
Total (11 cities)
+18.9
250,200,000
293,958,000
259,509,491
236,754,619
188,043,229
226,151,933
-
——
Other cities, five days.......
\
.
1,1881160'
+ 29.6
2,859.280,,
•
New Jersey—Trenton
+15.9'
+ 10.7V
2'7B-;562,782
345;710,665
-
Baltimore...
..
' 408,390,318
312,054;707
Pittsburgh-
.
473,358,695
3n«ffl27,2«7
297,500;000
•
+17.0
-^■16.7
—5; 420,590 r
York*
+ 19.9
782,000,000
332,471,000
-
—
977,000,000.
3,016{956;
Ohitf—'
+ jfl;S'
+11.5'
$
990)859'
.'
3,528,329
Delaware—Wilmington...
;
T
194?
k?:aii'4.0B0.47fl' >^6:275.698,918
.
Wilkes-Barre.-..
:J
1048^
.
Reading-
•
'
Week Ended July 24
H
f"
Philadelphia*
,
possible to obtain weekly clear?
'
for the week follows:':
summary
1945
•
I,I97;G21
1,028,013:
1,280,117
Lancaster
ihgs will .be 20.Q^ above* tftdsO'Olitljre1 corresponding weekrlasfr yeai^ Qiu^ prelim* >
ibary. total stands at $i4,796,627,182. against $I2',3B'44,033,458 for the same week in
1M7. At this center, there isvav gaiti' fori the Vveek^ ended" Friday o& 1&5 %v Qurvcom**
parative
1,295,336'
865} 127:
^
the: week- ended1, Saturday, - July 2.4, clearings
lor all titiesr of the* UftitOd- States fro^ which4 it1
1946
or
TMrd Federal'. Reserve I)ist riot—Philadelphia-
;xvvfBattkv. clearings" this weekv will/ show: att increase comgarecb: withv
cities of the:: couht'ryv indicate that £o£
Inc.
Dec. %
$
*
..
F.
Rapids
Des MoineS.
•
+
2,948.964
3,237,726
2,265,672
22,803,343
16.3 V
14,282.558
'
the St. Louis Reserve District of 20:1 % and: the Minneapolis
iof 15.5%,
trict of 22.3%.
Chicago*
15,720,687
4,319,260
—
2nd
Boston;
"•
York.—....12
New
•
7,518,209,800
7,320,938,868
$
$
%
512,421,910
430,419,650
2.7
7,783,095,712
6,761,730,329
15.3
5th
Philadelphia
Richniond
_.L—.
—
6
•
941,915,930
+ 15.5
883,844,908
648,251,805
22.0
880,476;492
877,763,141
784,649,324
+
10.6
730,930,550
408,093,824
+
14.7
349,035,335
305,963,950
304,900,000
Kentucky—Louisville-
674,221,829
467,913,810
Missouri—St. Louis
690,980,315
2,528,427
127,112,740
83,486,513
2,047,458
240,400,000
201,500,000
+ 19.1
99,865,852
83,134,004
+ 15.8
65,975,573
45,823,900
1.2
1,323,653
1,012.635
430,751,438
+20.1
407,565,078
331,470,539
249,900,000
106,709,906
.
72,069,343
+
424,038,063
"
6th
Atlanta
10
"
599,608; 187
566,188,151
+
5.9
541,850,916
7th
Chicago
..17
"
1,087,883,153
941,915,930
+
15 5
883,844,908
"
517,546,711
430,751,438
+
20.1
407,565,078
"
430,046,498
351,499,376
+
22.3
285,185,984
228,054,159
1.10
"
553,832,322
495,218,535
+ 11.8
435,082,886
329,512,999
6
"
329,731,017
284,710,757
+
15.8
230,906,157
178,099,886
Francisco—.1.10
"
830,146,133
695,028,528
+ 19.4
636,341,489
528,943,884
14,885,899,004
13,684,671,620
+
8.8
13,674,024,066
11,537,687,408
7,688,067,561
6,602,978,484
+
16.4
6,111,255,574
4,954,756,282
2,072,189
—
331,470,539
7
517,546,711
Total (4 cities)
648,251,805
4
Louis
8th
St.
9th
Minneapolis
10th
12th
San
...
.
..
—
J4 Total—
__112
...
IOutside New
We
.
City___'
Kansas
11th Dallas
York
add
now
cities
City
—
our
week ended July 17,
t;
Ninth
Inc. or
Dec. %
+ 42 .*8
5,150,528
3,515,930
3,270,546
+ 36.8
2,749,908
3,809,773
3,363,483
+
13:3
2,582.703
2,191,327
1,470,441
8,489;8ll
7,540,406
+
12.6
430,046,498
351,499,376
Helena-*——
—
*
*
Total (7 cities)
1945
4,599,285
4,323,857
+
496,942,515
+ 65.8
582,203
+11-4
510,636
340,678
+ 37.3
5,777,994
4,013,747
133,494,824
6,193,765
119,220,507
+ 12.0
103,373,851
8,198,989
7,348.668
+ 11.6
5,978,723
72,794,854
2,988,147
15,571,917
368,810,727
14,857,794
4.8
11,672,941
+ 11.3
294,929,407
9,453,238
714,060
2,142,529
1,798,310
Missouri—Kansas City.
961,366
6.4
3,788,226
435,402,977
376,380,879
19.1
1,935,354
331.303,746
+
+
-
-
12.5
17.8
13,074,397
2,459,894
11,622,356
2,088,239
+
2,356,949
1,570,595
+ 53.1V
553,832,322
495,218,535
+ 11.8
+ 32.6
St. Joseph-
3,348,498
+.13.0
439,645,917
175,293
401,508
430,662
648,817
8,501:748
*—
Kansas—'Topeka.
1,503,973
24.5
228,054,159
Lincoln.
Wichita*
+
5,127,957
7,187,034
285,185,984«
+22.3
Reserve District—Kansas City-
Tenth Federal
<
1,704,028
51,443.786
4,474,062
+
Omaha-
1946
f
159,412,974
64,204,454
9,211,722
Hastings-
1947
.
4,891,744
5,467,201
197,844,156,,
20.9
North Dakota—FargO-
Montana—Billings
2,121,489
Massachusetts—Boston
+ 22.6
81,337,155
6,448,676
South Dakota—Aberdeen
District—Boston—
Portland-
+ 20.5
243,352,347
98,355:298
Nebraska—Fremont-
$
| Maine—B'angori—
6,186.763
298,253,629
St. Paul—
detailed statement showing the figures for each city for the
1948
|- First Federal
7,452,203
Minneapolis
for four years:
Clearings, at—
t
Reserve District—Minneapolis—
Federal
Minnesota—Duluth
Week Ended July 17
i
2,126,872
Illinois—Quincy
1.014.875:760
"
11
+
938,111,073
3rd
3,395,778
Tennessee—Memphis
+
.
34.5
Eighth Federal Reserve District—St. Lonlfl—
13.9
+
525,200.397
+
1,087,883,153
Total (17 cities)
Dec.
t
$
597,994,540
r
+ 21.2
10,046,349
3,348,897
6,824,021
4,38ir040
—
1945
1946
Inc. or
8,346,507
3,732,217
"
Rackford'—
CLEARINGS
1947
1948
Reserve Districts
Week Ended July 17
1st
BANK
OF
8UMMARY
Federal
.
12,597,544
5,020,292
Peoria*——i—i—iir—14,583,142
*___—*
6,309,786
by Federal Reserve Districts:
Springfield
+
1,186,682
818,725,102
/
—
—
Decatur
In the SapFraiicisco Reserve District 19.4%.
In the following we furnish a summary
City—
Illinois—Bloomington————
Reserve District the increase is 11.8%, in the
In the Kansas City
%Dallas Reserve District 15.8% and
,'/
Reserve Dis¬
Sioux
Colorado—Colorado SpringsPueblo*
9,685.750
V 230,903,300
;
6,313,876
W
1,333,541
1,482,062
1,502,523V
963.808
'
<1
Fall River
H"
Lowell
—
913,900
999,976
2,349,122
New Bedford.
+
1,988,411
—
+
li'
New Haven.
ft:
6:301,649
4,208,589
25,311,924
+
20.9
20,335,256
12,361,878.
10,469,461
+
18.1
10,743,886
28.657,600'
.
25,366,200
+ 13.0
1,457,540
+ 17.5
'Total (i2 cities)
;
*1,712,635
597,994,540
...
+
525,200,397
68,886:869
New York—Albany..
3,023,893
13.9
+
12,877,955
f
23,703,100
6,471,328
6,040,052
2,966.556
230,218,000
+
17.1
187,639,000
147,723,000
31,023}543
+
0.3
23;458,513
16.999,067
Galveston1—.
5:525,000
+
1.8
4,392,491
Wichita:
4,462,906
3,217,000
1,866,707
10,558,123
30,938-357
5,427,000
3,290,084
8,365,988
+ 26.2
329,731,017
284,710,757
+15.8
-
19,460,000
1;799;505'*
512,421,910'
8.582,141
269,579,304
Fort Worth*.
Dallas*
6,721,264
-
871,009
436;419,650
435.0
Total (6 cities).
2,284,174
7,091,927;
+ 35.7
5,327,556
230,906,157
178,099,885
90,732,664
3,539,053
97,740,318
88,542,467
2,447,655
76,442,272
69,468,555
1,314,759
1,434,819
1,721,328
1,479,765 E
+ 16.3
1,913,977
1,864,658
+
2.6
7,197,831,443
7,081,693,136
+
i.6:
Rochester.
23,448,508
Syracuse..
'Jamestown.
r
'
.X New
18,806,884 '
,13,807,692
11,852,008
11,169.991
c
.
..." 623,746
+
9,580,268'
29.7-
9,484,853'
39,407,502
52,185,341'
+
36,551,821k
+ 16.8
56;481,052'
610.362'.
3.2
48,515,103
—t
Total 12 cities)
7,518,209,800
7,320,938,868
+
2.7
41,364,034
33,643.076
175,381.961
Oregon—Portland.
Utah—Salt Lake City-
62,247.809
11,998,388
-
10,032,683
Pasadena—
11,996,113*
408,658,204
12,783,818
5,210,532
9,594,869
San Francisco-
6,460.095V
-
San Josel
9,118,868
411,653^
Santa Barbara*.
Stockton^.*—.
i
'28,175,169
38,469.506
V.1
cities)
Outside New York*
104,544,926
3,753,614
102,172,458
49,036:349
9,919,779
9.361,238
390,272,596
11,481,182.
2,803,107
80,798:409
9,001,139
9',392,188
6,579,550
5,535,153
293,036.000
364,631,306
10,281,978
3,899,930'
4,495.751
6,781,840
V
8,180,463
9,090,635^
636.34M8?
695,028,52801 +19.4
2:526,112
5,676.581
,525,943,884
.Vf?
Mi—C*-
r.
Grand Total (112
6,761,730.329
830,146,138
Total (10 clteS))
Francisco—
130,278,591
3,959,278
Yakima.
X
6,582,931,128s
r
7,783,095,712
Federal Reserve District—San
Washington—Seattle.
..
1,118,716'
16,481,227
+15.4•
46;009,767
.Northern Newt Jersey*
7,562^768^492'
+16.5'
719,5515
Jersey—Montclair.
1,471,543
+ 24.7
14,484,865
'
Twelfth
1,710,930
4.2
89,830,855
TT
10,434,779
9.9
+
NewTorfc*
'j
17,427,358?
+
86:236,985^
Elmira.J.
fi
329,512,999
435,082,886
Eleventh Federal Reserve District—Dallas-
Texas—Austin-
16,415;815
..
2,750,897
Buffalo.,
h
'
;•
|| Second Federal Reserve District—New York—
•:
5,416,587
3,842,512
.
'
Hampshire—Manchester..:
f|
497,922
27.0
-
Total (10 cities).
1,402,979
30:6
30,593,532
| Rhode Jsland—Providence
New
708,127
1,991,268
+
6,912,377
5,222,396
'
yrorcpstejr
Connecticut—Hartford,
.
8.6
18.1
+
8,781,098
6,818,957
Springfield—
1,100,819
.
—
14,885,899,004
7,688,067,561
13,684,671.620'
6,602,978,484
+
3.8
+16:4
•
Siill
,687,403
,954,756,282
'
%
.
;;'VvV:
44.
&
COMMERCIAL
THE
(384)
Monday, July 26, 1948
FINANCIAL CHRONICLE
w.(
Company and Issue—
Pursuant to the requirements of Section 522 of the
exchange
foreign
certified
rates
certifies daily
We
the different countries of the world.
JULY
16,
1930
under tariff act of
bank to treasury
1948 TO JULY 22, 1948, INCLUSIVE
reserve
federal
by
v
For certain
July 19
July 17
July 16
...
.251247*
.200000*
.200000*
3.212296
Australia, pound
Chicago
.022806
.054406
.054406
1.000000
1.000000
1.000000
.928125
.927421
.925937
.924843
1.000000
Official
::
Colombia, peso.
•Ozechoslovakla. koruna.
.020060
...
;
;
.208574
.208574
4.031406
official-———
—
r
.003259*
FreeJii.
.003259*
.301691
-
.301691 •"
India, Dominion of, rupee...
i
.205726
jMcxico, peso_—
.376714
Netherlands, guilder.—.—
-
>03257*
Official--———
1.000000
—
.376857
1.000000
1.000000
.925625
.925000
.201580
.201580
.040323
.040338
.040328
.201580
.040328
.091324
Anderson-Prichard
.233628
.233628
.233628
Butte
4.007500
4.007500
4.007500
.648300*
.561800*
.561800*
(In thousands of dollars)
Increase (+) or
1
Assets-—
fund
F.
for
R.
615.080
-
cash
—
and advances—*-—
Olscounts
securities:
Govt,
S.
Bills
"Certificates
108,590
—
+2,155,902
2,404
16,050
+
270,559
+ 285,269
,.
64.998
+
30,506
—
4
+
844
7,963,781
4,955.407
1.957,800
Industrial loans
U.
_
22,379,751
Total gold ctf. reserves
Other
+2,264,492
64,998
+
21,764,671
14+
166,768
886
—
—347,550
—6,100.351
+
24,000
—1,585,859
Bonds
-
-
+
128,244
+5,723,073
—195,306
374,637
+
Total U. S. Govt, securities-
securitiesbanks
notes of other banks
loans
Total
Due
F.
R.
and
foreign
from
Uncollected Items
Bank
6,448,763
21,325,751
—225,808
32
+
5,299
Liabilities—
70,538
—;
Loans
325,410
Deposits:
S.
acct.
acct.
bank—reserve
Member
Treasurer—gen.
Foreign
-
availability
Deferred
Other liab.,
items—
+
+
9,302
88,768
+
2,299,703
818
—
13,606
U.
+
+
89,206
3,857
8,366
+
199.000
443.189
27,543
6,518
38
obligations
47,279.210
S.
273
503
3,837
263
3,743
securities
loans
loans
Government
34,056
securities—total
bonds—
in
Banks
vault—w—
Balances with
+2,381,786
—421,373
1,758
4,500
2,451
domestic banks
25,947
.'4,300
t.2,994
840
2,466
78
+
of
serves,
note
gold
46,451
14,926
1,268
deposits adjusted
deposits, except Government
U. S. Government deposits
Interbank demand deposits:
certificate
liability on
purchased for foreign
respondents
——
Commitments
■
re¬
.
combined—
Oontlngent
■
Time
deposit and F. R.
to
liabilities
to make
50.8%
+
0.3
2.7 %
ye
Domestic
bills
cor-
2,105
—
253
—
2,648
lndus-
6,425
trial loans
+
7
484
—
The condition statement of
weekly reporting member
leading cities
84
9
—
+
+
Shows
the
following
principal
changes
for
was
posits
week
Increases of $225,000,000 in holdings of
United States Government securities of which
000
the
$165,000,-
—
adjusted,
and. $194,000,000 in demand
deposits
Commercial, industrial and agricultural loans increased
$15,000,000- each in the Cleveland and'Chicago districts,
$10,000,000 each in the .St.- Louis and Kansas City dis¬
tricts, and $78,000,000 at nil-reporting member banks.
Loans 16 brokers and dealers for purchasing or carrying
United States Government securities decreased $85,000,000 in- New York City
Tnember
banks.
and $84,000,000 at all reporting
!
1
7-20
j
8-
2
7-16
9-15
8-31
50c
9-29
9-
1
8-10
preferred
(quar.)
75c
9-
1
8-10
12%c
9-
1
8-10
5%
preferred
2
2
6
48
+
+
+
—
+
+
+
—
+
+
+
+
4
225
+
+
—
+
+
—
—
40
57
60
43
135
+
—
+
+
+
+
(quar.)
series B
convertible
preferred
(quar.)
convertible preferred C
Balcrank,
7-20
7-24
204
7
116
+
+
+
—
+
+
+
194
1,372
185
+
25
121
—
,
•—
Oil
Beaux-Arts
51
199
Apartments,
7-30
8-
1
7-20
8-
1
7-20
1
8-14
9-
1.
8-14
9-
1
8-14
Industrial Loan—
increased)
37 %C
Ltd., class A (quar.)—
Inc., $1.20 preferred (quar.)
Bower Roller
Bearing Co. (increased)
Brewster Aeronautical Corp. (liquidating)
Bullock
Fund,
Ltd.——
Butler Brothers,
4%%
preferred (quar.)
Calamba Sugar
Estate
(liquidating)
&
California
Pacific
Timber
Electric
California
9-15
9-30
11-
20c
Co.,
Land
9-30
50c
(quar.)
Foods—
Moon
9-15
81 Vac
(quar.)
9-30
$1.02%
—
Common
7%
8-15
7-30
9-1
8-29
9-20
—
50c
9-
1
Redemption Calls and Sinking Fund
Water
'fe !
8- 4
$1
8- 9
7-21
15c
9-
1
8-
2
8-
2
43 %C
^-r-
7-23:
'''f
8- 2
7-23
7-23
!
7-31
•
S,}
Co.—
'
4.4%
pjreferred C
27 %C
(quar.)
8-14
i
Canada
■Company and Issue—
Date ■
Inc., preferred stock——July
1st mortgage 4s, due 1952
—July
Albert Frank-Guenther Law,
Co.,
*
,
26
28
>
•
Page
82785
147
9-20
Crushed
9-20
9-
Safeway,
9- 1
8-13
$75c
10- 1
Co., Ltd.,
$1,30
pfd.
Quarterly-^;
Canadian
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.": :
preferred
OF TENDER
$32 %c
$10C
Stone, Ltd
Ltd., 4%% pfd. (quar.)__ $$1.12%
Canadian Foreign Investment Corp., Ltd.—
corporate bonds, notes,
Cement
Canada
NOTICE
•
sS'S. f
,({.■ •
Canada
Below will be found a list of
%
8-13
.
j
-
;
7-2T
8-16
Insurance—
Service
■;%.!
8-16:
v.
$1
-
+1
7
7-20
1
$1.12%
9-
7-27
9-
$i
(quar.)
-.VM
$12 %c
$1
— _____
(quarj
preferred
California
Power
Title
(quar.)
9-15
10-22
1
7-30
20c
(irreg.)
Co.
-
30c
—
.Bowser,
.
%
2
9-
12 %C
50c
Si'.'•••
•
8-
8-16
25c
preferred
Calaveras
8-31
8-13
$1.06 V*
—
(quar.)
preferred
(initial)Benson & Hedges, $2 conv. pfd.
.
8-13
9-15
30c
—
>'t
8-13
4
75c
__
20,549
7-26
9-
$1.50
—
preferred
Bowes
2
Inc.—
$4
18
90
7-20
8-
9- 4
10c
Heminway Co. (quar.)
Bell & Howell Co., common—.
135
7-30
37%c
1st preferred
$3.25
9-24
50C
Belding
512
496
698
9
15c
___
(quar.)___
preferred (quar.)
(quar.)—.
prior
Beneficial
8-10
10-
Si
8-10
1
25C
$6
Extra
1
9-
10c
Co,
$3
4%%
8-10
9-
25c
(quar.)
Inc
Terminal Corp
Eayway
1
25c
Cigars,
Bayuk
9-
25c
(quar.)
Extra-'"-——-
4,925
170
1,141
84
58
+
+
25c
Inc.
Barnsdall
4,489
+
686
43
63
—
240
39
799
141
616
—
165
9,241
-
week
Bush Terminal
+.1
7-31
1
8- 2
$2
preferred
Ayshire Collieries Corp.
Bagley Building Corp
tBeginning June
30,
1948, individual loan items- are reported
gross, i.e., before deduction of valuation reserves, instead of net as
previously reported. Year-ago figures have been adjusted to a gross
basis.
Si
8-10
8-
$1.25
(quar.)
Point RR
West
7
9-
75c
7%c
Power,
1
50c
5%
in Treasury bills, $204,000,000 in demand de¬
credited to domestic banks.
8-16
8-
i
8-13
(irreg.)
5%
87
129
banks of the Federal Reserve System in
ended July 14:
(quar.)
Company—
series A convertible
Blue
Foreign banks
—_—.——
Borrowings
Debits to demand deposit accounts, except
interbank
and
U.
S.
Govt,
accounts,
during
Condition Statement of Member Banks
banks
pfd.
Co
Inc.
Arizona
2,567
+
9-
to-1
1
common
Co.,
participating
Participating
Common
Demand
Ratio
(quar.)
Mining
Copper
Farms
9-
56'AC
quar.
Co.
<
9-14
10c
—
5%
588
456
—
for purchasing or carrying:
Government obligations
securities
Reserve with Federal Reserve
Cash
$3
LiabilitiesTotal liabilities & cap. accts.
(111.)
Co.
__
Autocar
Other
43,804
+
S.
Anaconda
Atlanta &
bills
Treasury certificates of indebtedness
Treasury notes
U.
+
Increased
(monthly)
■«.-!
-,8- 9-
9-
87% C
(quar.)
Co
Corp.
8-17
;/:v8- a
8-14
25c
Steamship
Products
Investment
Arden
%
1
8-14
75c
pfd.
Co
Home
American-Marietta
558
+ 3,761
+ 3,880
m
7-3i
5c
3%%
Inc.,
Furniture
American
—
?
Holder*
8-14
37%C
Airlines,
American-Hawaiian
for pur¬
Treasury
Capital Accounts83
S.
—
Wh
When
Payable of Rec.
30c
(quar.)
Co.
Extra
Argus,
securities
estate
Other
+2,323,010
-425,313
Steel
5c
American
and agricultural
Loans to banks
1,857
+
of Company
Cast
American
loans
U.
Real
346,855
+
—265,180
2,443.853
Capital paid in
Surplus (Section 7)
Surplus (Section 13b)
Other capital accounts
Alloy
Co., 4%%
—
are:
Share
Foundries
*—
dealers
week
Per
Per
carrying:
Government
Other
Other
92,564
11,555
33,596
S.
or
Other
46,515,272
liabilities
Total
939,673
—
20,301,576
incl. accrued divs.
1,258,169
+
+
489,856
deposits
+
17,542
+
—
430,365
-
Other.
Total
—128.351
17,502,513
1,878,842
U.
and
brokers
follow with a second table in
announced this
dividends
Name
Steel
14,481
to
chasing
U.
The
American
252
30
31
{Vol. 164.
declared.
1947
+
«
12004
§1591
52690
255
256
Department" in the week when
and Investment News
1948
loans
—
23,756,237
Federal Reserve notes
§Vol. 167.
251
52789
ord of past dividend payments in many cases are given
under the company name in our "General Corporation
(In millions of dollars)
Loans—grosst
Commercial, industrial,
due
tVol. 165.
we
Screw
Loans—net
+2,381,786
—421,373
47,279,210
assets
Total
Then
week.
American
62,858
23,902
24,144
Page
146
{2142
246
/
conv.
5s,
we
July 16,
and Investments—total
Loans
••
are
1948
82,520
'•
256
1
CALLED
ISSUE
Corp., W\%
1st mtge.
July 7,
Assets—
1
Aug
■
show the dividends previously announced, but
which have not yet been paid. Further detaite arid rec¬
Dec. (—) Since
570
1
1
;•
Co.,
July 14,
350.407
+
+
134,630
Other assets
8~071
—290,015
we
which
Inc. (+) or
208,755
53
32,519
1
Date
Oil
Power
American
3,599
.
grouped in two separate tables. In the
bring together all the dividends announced the
current
member banks follows:
21,611,864
49
129,929
2,719,909
premises
first
at all reporting
districts.
Borrowings decreased $150,000,000 in New York City
and $121,000,000 at all reporting member banks, and in¬
creased $17,000,000 in the Cleveland District.
A summary of the assets and liabilities of reporting
1,588,500
\
DIVIDENDS
mestic banks increased in all
Notes
Electric
Dividends
and decreased $20,000,000 in N'ew
"Other securities" increased $55,000,000 in
$
$
$
-
^
Gold certificates
'
1
,1
1
"•
•Announcement in this Issue.
member
York City.
New York
City and $57,000,000 at all reporting member banks.
Demand deposits adjusted increased $81,000,000 in
New
York City, $38,000,000 in the Atlanta District,
$37,000,000 in the Chicago District, $36,000,000 in the
San Francisco District, and $204,000,000 at all reporting
member banks. United States Government deposits in¬
creased $116,000,000.
Demand deposits credited to do¬
and $40,000,000
District
cisco
1947
1948
1948
increased in nearly all dis¬
banks,
July 23,
July 14,
July 21,
notes
.561800*
tricts, the principal increase being $101,000,000 in New
York City. Holdings of Treasury certificates of indebt¬
edness decreased $43,000,000, and holdings of Treasury
notes increased $63,000,000.
Holdings of United States
Government bonds increased $25,000,000 in the San Fran¬
decrease (—) since
*
44
250
252
47
J "<
{2580
82689
253
52793
i '
*
255
256
1
1
1
1
pfd. stock—July 31
1951—Any time
City of New Castle Water Co., 6% preferred stock
July 26
Gilbert (A. C.)
Co., preference stock—
—Oct I
Klngsburg Cotton Oil Co., preferred stock—
;—Aug 1
New York Gas & Electric Light, Heat & Power Co.—
'
Purchase money 4% bonds, due 1949
Anytime
Ohio Power'Co., 6% debenture bonds, due 2024—Jun. 1, '49
Ottawa Electric Ry., 1st mtge. 2V\% serial bonds
Aug 12
Tennessee Gas Co., 1st mortgage 6s, ser. A, due 1950 .Sep
1
Union Terminal Co., Dallas, 1st mtge. 33/4S, due 1967_Aug
1
•♦Temporarily omitted.
Reserve Banks Combined
Co.—
249
1
1951-Aug 16
Company and Issue—
.658300*
.561800*
Holdings of Treasury bills
due
5s,
bonds, due 1967
.040328
.278242
.658300*
Federal
1st mtge.
ENTIRE
.091324
.658300*
Statement of Gondition of the 12
/
.
Dallas—
Co.,
3%%
mortgage
.278257
.561800*
•Nominal rate.
r
.-Aug
.201580
.658300*
Noncontrolled
1st
.091324
j;
Controlled
Terminal
Union
4.007500
Closed
4.007500
—
Power Co.,
52683
1
Aug
• •
Corp.—
series A__
Depot
.233628
—
—;
York, Inc.—
mortgage series B,
.278242
.233628
Switzerland, franc
Union of South Africa, pound
B___,
43
43
1
1 +
3%% bds, due 1971—Oct
Safeway Stores, Inc., 5% preferred stock
Oct
Sun Ray Drug Co., 15-year 3%%
debentures—
—Aug
3.225166
;
Union
ref.
.091324
.278242
82464
.
Oct
—Oct
_
stock
.278257
.091324-
Sweden, krona—
Saint Paul
.922291
3.225166
.201580
Closed
3.225166
pound
Norway, krone.
Portugal, escudo
Spain, peseta—
New Zealand,
series
of New
Electric
Traction &
"1st and
.923333
3.225166
1
^
«.
•
.376285
3,225166
.926875
Free—.
•*
.205726
.376375
1.000000
1.000000
ser. D,
6 % % preferred stock, series A_^—^——.Sep
MonongahelA Ry*.; 1st mortgage 3 Vas/series B, dtie 1966-Aug
'. New Process Co;, 7% preferred stock
—Aug
Pacific Portland Cement Co., 6%% preferred stock_^_Oct
'
.301691
.205726
.376928 >
»
,
.003259*
'.301691
.301691
1
.205726
■
Newfoundland, dollar—
Uruguay, peso—
t- \
.094671*
<
'.003255*
■
due 1962!Sep
•
Aug
Aug
Marcy, 1st mortgage leasehold 6% bonds
—
Aug
McCord Corp., 10-year 4%% debentures, due 1956—-Aug
Merritt-Chapman & Scott Corp.— y
' /
(,
' . mj
4.031406
,
'.004671*
.004671*
.004671*
247
Packing Corp., 3%% debentures, due 1962
Food Fair Stores, Inc., 15-year 3%%
debentures.
.208574
4.031406
'
'
bonds,
preferred stock,
Danville
.020060
...
.004671*
1
Deerfield
.208574
4,031484
Closed
(Metropolitan), franco-
Redemption
preferred
$5.25
**
.020060
.020060
.020060
4.031406
England, pound sterling
4
5%
mortgage
$5
*c
Sep
series A
bonds,
Consolidated Edison Co.
...
.208574
Denmark, krone.
.
.■.■v..
.929375::
Free
France
5%%
Cornell-Dubilier
Canada dollar—
;
,
.022806-
.054406
.
146
•
Terminals Co.—
Union
1st mortgage
1st
3.212296
"
.022806
.022804
•
••
'
Page
1
&
Cleveland
.200000*
.200000*
1.000000
.054406
Date
Co.—
Western Indiana RR.—
1st and ref. mortgage 414% bonds,
.251247*
.251247*
.054406
.
.022804 r>
Belgian, franc.—
Brazil, cruzeiro
1st
.297733*
3.212296
;:3.212296
3.212296
Closed
$
.297733*
.297733*
.251247*
.200000*
.251247*
*
Oct
}
Clinchfield & Ohio Ry.—
mortgage 4s, series A, due 1965
$
.297733*
.297733*
industrial products-
251
Carolina,
July 22
July 21
249
249
249
249
2
2
Aug
REDEMPTION
PARTIAL
Bethlehem Foundry & Machine
1st mortgage
6%% +bonds
July 20
$ v
S
$
$
ip
Vr
Company and Issue—
.
States Money
United
in
Value
Argentina, peso—
For "regular" products
For "non-regular" products
Transfers in New York
Buying Rate for Cable
Noon
Country and Monetary Unit
Aug
Aug
2
Series S, 3%, due 1978
—
—Aug 2
Guantanamo Sugar Co., $5 preferred stock
1
July 30
Heller (Walter E.) & Co., 5%%
preferred stock
Sep 21
Peoples Brewing Co. of Trenton, 1st mtge. 4s, due 1953_Aug 9
just passed:
give below a record for the week
of Bait.—
mortgage sinking fund bonds:
Series P, 3%, due 1969—
Series Q, 2%%, due 1976
Series R, 2%%, due 1981
1st refunding
Tariff Act of 1930, the Federal Reserve Bank
of the Treasury the buying rate for cable transfers in
to the Secretary
Paga
Date
,-v..
■
Consolidated Gas, Electric Light & Power Co.
Foreign Exchange Rates
—
International
Investment
Ltd.,'5% preferred (accum.)
Capital Wire Cloth Mfg. Co., Ltd.—
$1.50
Castle
—
—*
Increased
$$1.25
Quarterly
1
1'
1
-
';tSS\
9-
.
9- 1
CO
8-10
$1.25
5
9-1
50c
(quar.)
-
20c
quarterly
9-
$38c
convertible preferred (quar.)
M.) & Co. (quar.)
Foundry Co., 5% conv. pfd.
Central
South West,Corp.— - •' '
8-29
Trust,
(A.
Central
*
(quar.)
20c
'
1
»-*
j
8-12
;
7-39
;t 8-15 s
■r-./S"."' 'f.y*.,'
8- 3
8-31
ii-3o
^
Central
Class
Warehouse,
B
class
A
^
i
ii--3.,; -t
■
•
{
50c
8-Hr
50c
8-U
7-31
-ti
7-31
.
.!
Volume
,
Number 4719
168
THE
Per
Name o/ Company
t
Chatco
Share
Steel
Products,
preferred (s-a)_
5%
Chile
Copper
Cincinnati
Ltd.,
Machine
9-30
$25c
9-
75c
;_
1
35c
common
t
9-
1
9-
1
Common
8-
5%
9
City
preferred
(quar.)
Investing Co. (quar.)
8-10
Montreal
8-10
Clearing
Club
Machine
Aluminum
Corp.
Colorado
Milling
Columbia
Pictures
Commonwealth
Consolidated
Co.
.
of
4%
Elevator
&
Corp.,
Moore
preferred
preferred
$4.50
preferred
$4.52
preferred
Continental
6%
Ltd.,
Ltd.
pfd.
class
Life
8-
Morgan
2
10-
1
1
9-15
.10-
Insurance
50c
1
1
1
8-
Cosden
t
5%
Petroleum
$1.12%
$1.13 >;
8-
10-
1
1
9-10
,
$2
preferred
Power
Amsterdam
9-13
9-
New
York
$5
—
$35c
8-14
7-31
_—^—
25c
8-27
8-
Diamond
Match
Doiiohue'
50c
pfd.
Drackett
4%
..
:
$2
Corp.,
(quar.i
Industries, Inc.,
3%%
preferred
Duquesne
$7
(quar.%__—
&
,
8%
preferred
&
4%%
6%
Tire
4%%
8-14
7-30
25c
8-14
7-30
8-13
8-
&
Trailer
9-15
9-
1
8-
2
7-24
$1.50
10-
1
9-
3
10-
1
9-
3
9-
1
8-12*
7-30
7-20
7-30
7-20
General Iron
Glidden
Works,
4%%
$5
IV
.
Pacific
7-21
8-31
8-14
9-
1
*■
m
1
Great
9-
1
8-18
25c
7%
pfd.
(accum.)
preferred
(quar.)_
Y.
■■a
a
Hale
(quar.)
4%
Co.
Haydeck
8-16
8-
1
7-20
10-
1
9-
10-
1
9-
Plywood,
3
6 %
Public
8-16
Common
9-15
8-16
6/100
$12 %C
9-15
8-14
9-15
8-14
9-15
8-14
Water
Pullman,
Quaker
8-14
7-30
Rayonier,
8-
2
3
8-23
20c
8-
3
7-26
25c
9-
1
8-14
9-
1
8-10
pfd.
(quar.)
6%
8-17
4% %
8-17
Rochester
$1.06%
10-
1
9-10
1
10-
75c
$1.25
25c
iquar. 1
8-15
7-
10-
6
Co.
iquar.)__
convertible
Jacksonville
Gas
preferred
Corp.
preferred
Kern
L'Aiglon
of
>
pPP
>
v
'Pp-
•
*-
•pQ; i
.
'
'.''•v.: V
Savers
Jy
v
0
Louisville, Henderson
Common
57(
(s-a)
non-cum.
preferred
& St.
Lyon; Metal
-
Mapes
1
k, i
•;
5%
:
(quar.)
(s-a)
5%
Mfg.
Co.
(quar.)
(quar.)_.
9-11
Bend
Southern
(increased
&
$3.50
7-15
3
8-13
8-13
Southwestern
8-27
7-31
Stamford
2
Southwestern
4.40%
7-23
6%
8-20
8-10
Standard
11-20
11-10
8-16
8-
8-10
7-28
8-10
7-28
7-28
7-20
Stein
Inc.
7-23
Co.
Stuart
Suburban
Sun
9-
$1
9-
The
Fair
8-10
7-20
8-20
2
$1.75
1
7-24
8-
1
62 %c
8-
2
8-15
8-
2
8-16
8-
5
8-16
8-
5
United
8-
7-15
United
2
60c
9-15
9-
8-20
1
U.
•
S.
R.)
preferred
Co.
8-
2
7-20
Universal
50c
8-24
8-10
4V4%
5%
(quar.)
Rhoads, Inc., 4%%
60c
pfd.
(quar.)
V
1
9-13
10-
1
9-13
97 %C
20C
.
pfd.
10-
(quar.)_.
$1.06%
8
l-»
9-
2
7-19
7-31
7-20
O
I
8-
8-25
9-
1
8-16
9-
1
8-13
7-21
7-14
of
of
Pictures
7-30
10-
1
9-3
10c
10-
1
9-10
10-
1
9-10
1
8-18
$4
9-
1
8-18
8-2
7-16
8-27
7-31
8-16
7-31
8-16
7-31
8-
J6c
7-17
2
9-10
8-27
9-1
8-2
9-
7%
7%
Petroleum
Detroit
Cash
1
7-21
9-
1
7-21
9-
1
7-21
10c
8- 2
Jersey
_
(s-a)
25c
Edison
will
at
50c
each
paid
the
&
A
(quar.)
American
Seating
Smelting & Refining,
preferred (quar.)
7%
1st
Co.
American
Stove
Thermos
Common
American
5 °/o
9-
1
9-
1
9-15
9- 1
(irreg!)
$1
Zinc
prior
40c
pfd.
8-
9
8-
2
l:i
Corp.,
8-
2
-
8-
2
Lead
&
common
Smelting,
10c
common..
(quar.)
$1.25
50c
Steel
& Conveyor
Clayton & Co.
Anderson,
$1.50
$1.50
$1.50
7-30
7-28
7-21
7-28
7-21
8-
5
$4.50
8-16
8-
5
Trap
4%%
8-'l6
Common
(reduced
Appleton
Common
7-30
8-16
8-
2
8-16
8-
2
9-
7-30
6-30
8-10
8-
7-30
9-8
8-4
$1
7-15
7-
7
Asbestos
Mfg.
9-
1
8-17
Ashland
Oil
2
dividend
8- 2 '
8-
.'7-9
$1.25
8- 2
7-19
$1
9-30
9-24
$1
12-23
12-18
$3
$15c
12-23
12-18
$$1.12%
9- 1
8-17
9-10
4% %
9-
1
7-31
Atchison,
10-
I
9-13
8-20
Artloom
as
Corp.
(cash
8-10
7-26*
12%c
8-
2
7-26*
$1.06%
9-
1
8-16
Ltd.
Co.,
preferred
Line
9-10
8-31
$6
$31%c
8-14
20c
$1.37%
20c
1
8-18
8- 6
8-18
10-
1
9* i,
9-14
8-
9-30
9- I
9-30
9-
8-18
"^
1
35c
8- 2
9-15
8-30
8-
7-13
2
8- 2
7-21
7-15
(quar.)
$1.50
9-
1
7-30
$2.50
com
(s-a)
pfd.
8-18
30c
$25c
Ry. Co.,
1
8-
2
6-29
8-2
7-9
$1
Railroad-
$1
Company (quar.)
Refining Co.
4% preferred (quar.)
3.75%
preferred B (quar.)
25c
9-13
8-18
8-
7-18
1
Atlantic
Atlas
Plywood
Atlas
Powder
Steels,
7-28
8-27
9-22
$22 Vic
Fe
City Electric, 4%
Coast
9-
$25c
(quar.)
(quar.)_
preferred (quar.)
Topeka & Santa
Atlas
50c
•
25c
&
non-cum.
Atlantic
7-30
,7-30
3%
preferred
Atlantic
9-1'''
Co.—
$1.40- conv. pfd. (quar.)
Refining (increased quar.)_
Associated Telephone Co., Ltd.—
1
•"
_
Extra
5%
7-9
2
-
quar.)
Corp.,
1
1
-
$1.12%
dividend
9-
9-
7-19
7-19
'
2
$5c
Stock
10-
1C-
8-
2
$1.12%
(irreg.)__
known
8-16
15c
8-
'*
Atlantic
—
8- 9
9-10
12%c
62 %c
(quar.)
Mills—
Artloom* Carpet
5%
(quar.)
7-20
25c
(quar.)
preferred (s-a)
Argus Corp., Ltd., common (quar.)
4%% convertible preferred (quar.)__.
8-15
25c
7-20
7-9
(quar.)
5%
'■
7-15
7-27
25c
6%
$1
(irreg.)__i_:
1-21
7-26
7-27
Common
8-16
Asbestos
(increased quar.)
10-22
Inc.—
(qpar.)
Company
Cotton
8-16
1
7-23
1
.
8-16
9-
8- 2
11-
1-31-49
8-2
(final)
quar.)
preferred
I
10c
7-8
$56%c
of America,
Co.
preferred
9-1
$1.06ft
7-15
7-26
2
5c
5%
preferred (quar.)_r
Appalachian Electric Power Co.—
9-
"•*.
1
8- 2
8-
Telephone—
preferred (quar.)
Anglo-Iranian Oil Co., Ltd.
Anheuser-Busch, Inc
9-
r
7-19
7-19
7-19
50c
(initial)
(quar.)
4% %
Formerly
Corp.—
9-
7-21
$1
Anglo-Canadian
8-16
A
9
2
8-
50c
4%%
18%c
$1.25
Co.,
(quar.)
preferred
prior
9-15
Ltd.—
preferred
7-
25c
Bottle
5
"8-6
Anchor Post Products
Animal
25c
8-
>
8-31
Hocking Glass
10c
(quar.)
ff-30
7-31
Co
Viscose
-
50c
$1.75
common
(quar.)
preferred
American
9-15
9-15
$1
8-
1
12-1
37%c
8-31
5
7-15
12-15
37%C
-
B
(quar.)
preferred A (quar.)
(quar.)
(quar.)
7-30
2
9- 6
(quar.)
8-10
8-
12- 6
preferred
preferred
2
8-2,
•
37%c
9-15
preferred
8-
7- &
of
held..
12-15
prior
8-16
4
75
in lieu
rate
$1.75
prior
7-21
8-27*
& Chemical—
8%
10-13
8-31
7
$1.75
Class
$5
8-31
9-10
(3
6%
2
1
(quar.)
for
be
shares
6%
8-
10-
7-14*y
1
~
8-14
10-15
10-
(quar.)
Potash
15c
(quar.)
7-29
9-
(quar.)_
$75c
A
(monthly)
New
8-13
Inc.—
Corp.
of
8-2
15c
preferred
class
7-20
8-30
preferred
55c
common
7-31
60c
preferred
American
5c
—
Dare Stores,
Corp.
1
Ltd.—
5%
8-31
12%c
•
2
75c
8-31
37%c
Co.,
9-15
9-1
r,
50c
9-15
5
30c
.
(irreg.)__
Class
9-
7
7-20
(s-a)
Paper Goods
American
7-30
9-
7-16
8-
preferred
1
8-16
7-27
50c
7
for each 1/75 share
preferred (quar.)
American National Finance—
1
9-16*
50c
28 5/6c
9-
(resumed)
Co
Co.,
of
held.
9-16*.
10-1
9-15'
(s-a)
6%
$6
8- 5/ :
7-22*
'
2
50c1?
Machinery Co.
fractional
15c
(quar.)
America
Growers,
Special
5 % %( preferred
Warren
share
shares
9-
$20c
& Specialty Corp.—
(quar.)
convertible preferred (quar.)__
Virginia
'
One
Arcade
(quar.)—
(quar.)
Investments,
(quar.)
Ward Baking Co.,
3
■
40c
(quar.)
Universal
Products, Inc.
(increased)
Virginia-Carolina Chemical Corp.—
<6% participating preferred (accum.)
Virginia Dare, Ltd., 5% preferred (quar.).
2
87 %C
(quar.)
9-15#
United Utilities
2
7-
10-15
1
31Vic
Co.. (reduced)
Machinery
preferred (quar.)
40c
1
10-15
11-
Laundry
60c
Common
8-
11-1
.
50c
,
Hoffman
4 V4%r
7-20
$'25c
7-20
$1.75
American Light & Traction—
Common (stock dividend)
50c
Trust
Illuminating
9-20
8-
2
5c
A
Grain
1
8-
8-
10-
10c
American
7-20
7-15
7-20
8-16
$3
Extra
25c
2
8-26
2
Acid
(quar.)
Co.
Power
Fuel
class
8-
8-26
&
deposit receipts ordinary (interim)
Building Association
(quar.)
10-
50c
8-
8-20
'
62%c
preferred (quar.)
American Home Products
8-27
7-17
8- 2
4%c
9-16
7-30
$3
9-17
45c
Extra
7-31
1
Fair The)
(John
Biscuit Co.
United
6%
9-15
10-
1
(qu$r.)
common
Insurance Co.
4
8- 5
1
8-
$1
(quar.)
preferred (quar.)
American
8-
8-15:
10-
!
(quar.)
Corp.,
8- 6
1*
75c
common
Machine
8-14
4
75c
$2 preferred
$2.50
7-16
6 Vic
General
'
75c
Fork
8-18
7-24
9-
Co.,. common
American
8-14
9-10 ?
12%c
(quar.)
(quar.
Co.
(quar.)
Hoe,
9-13
\
7-12
;f 7-20
1
(.9-
8
7-20
Inc.—
Cos.,
Equitable Assurance
8-14
1
8-
$25C
American
Gas
7-27
$50c
preferred
&
7;
10- 1/;
25c
(quar.)
Distilling
>
2
25c
25c
(quar.)
Shares,-Inc.
Co.
"
8-
$2.50
Extra
(quar.)
Securities
Traders
United
8-15
American
60c
Company
(see
Water
Tobacco
7-23
1
9-
9-10
(irreg.)—
Phosphate
Propane Gas
Thompson
Tide
8-
non-cum.
American Chicle
7-26
15c
j.
Foundry
American
40c
(quar.)—
(quar.)
Drug Co., common
6%
preferred (quar.)
Taggart
Corp.
40c
—
Co.
Ray
9-13
8-12
.
7-23
25c
8-12
8-26
$1.10
class B
A participating
Participating
8-25
8-
8-26
7%
•
w
8-20
1
Ltd.—
60c
Wells Corp.,
common
preferred
(quar.)
(D. A.) Oil Co., Ltd.—
8-16
1
7-30
9-21
$$1.25
(quar.)
&
Corp.
9-10
1
&
Anchor
(Conn.)
Class
7-30
Co.
Car
25c
(A.)
Stouffer
8-16
25C
8-12
10-15
Service—
Wholesale
Works,
2
8-16
8-31
50c
$1.50
7-16
25c
quar.)
$$1.12%
(quar.)
Co..,
Can
Anchor
Struthers
Tube
Business
American
t30c
Extra
7-31
American
9-10
7-30
10c
Co.
1
9-
$12o
preferred
(quar.)
Sugar Co.,
5% pfd. (quar.)_
Corp. (increased quar.)_
Book
10-
8-2
Petroleum
American
When : Holdert
9-15
Virginia
30%c
Insurance
8-13
50c
convertible
Amerada
8-23
Edison—
Electric
Leather
American
8-28
Simon)
(quar.)
9-17
•?.
Payable of Rec.
$25c
(irreg.)
Amalgamated
8-20
$75c
(quar.)—
2-28
5-31
•
1
$$1.25
__- -v
American
(quar.)
Life
Water
Standard
10c
Co., Ltd.—
Company
Works
preferred
$1.25
quar.)
Co., Inc., common
preferred
(quar.)
sMeyercord
&
2
$1.50
Chemical
Common
8-20
1
—
common
»
9-15
Per
Cement
of
preferred
25c
(quar.)—
10-
Share
(increased
American
(quar.)
4%%
preferred
preferred
3
8-
Ltd.,
California
9-
$20
1
9-
50c
Lathe
9-
35c
(increased)
Metropolitan Edison Co., 3.90%
Miller
South
30c
preferred
preferred, (quar.)
'
-
5 %
preferred
Simpsons, Ltd.,
7-26
$2.50
Extra
McArthur
Merck
9-15
8-
9-
Co.
Amalgamated
1
1
Ltd.—
Franklin
(see
Sons,
8-16
$3.50
(s-a)
>:•.1Fully participating (quar.)
.Martin-Parry Corp. (extra)
Masonite Corp. (quar.)
5%
&
10-15
Amer.
(quar.)
Bancorporation—
stock
99-
4%
25c
A
;
The list does not include divi¬
~
Canada,
(quar.)
31 Vic
Haven)
8-31
11-30
.•
week, these being given in the
(quar.)-:;
$1.10
(New
12-15
10c 3-15-49
$1
\
Corp. of
Co.
Portland
15c
Company
50c
&
v
Simmons
3
$$1.50
preferred
Initial
•
(H.)
12 %C
Consolidated
Marine
(Franklin)
Simon
50c
-
vMarathon Corp., common
,
Simon
9-
29c
Inc._
Products,
9-15
50c
(quar.i
10-20
11-20
<?
.
Aluminium, Ltd.
8-16
9-15
$25c
8-20
9-30
this
Aluminum
10c
24c partic. class
8-20
$4
Corporation
1
(A.
Alpha
7-30
9-
40c
t
1
Louis Ry.—
preferred
Stores,
Lynch
S.)
2
8-15
12 %c
1
9-21
30c
___JL
Lucky
1
t\
3,
2nd
Stone
Aloe
9-15
8-
$1
common
1
1
9-15
Co
Company
Alberene
•
(quar.)
Co.,
1112-
56%c
Akron Canton & Youngstown RR.,
5%
preferred (s-a)
7-23
1
8-25
$27%c
9-
40c
■
h
$
non-cum.
7-31
10-
15c
Extra
$1.25
Corp
Louisiana & Missouri RR.—
7%
guaranteed preferred
t
■•AVpiT !
Rtf:' 1
7%
i
7-31
Corp.—
(s-a)
Shirriff's, Ltd.,
25C
& Meyers Tobacco Co.
(quar.)
Brothers
(resumed)
p Lone Star Gas Co. (quar.)
:
p Lord.
Baltimore Hotel—
0
4
8-20
1
10c
Lit
•Jit
8-
B
10c
(quar.)
•
Company
Monotype Machine Co. (quar.)
Legare Co., Ltd., 6% conv. pfd. (accum.)
Libby-Owehs-Ford Glass (quar.)
Life
8-14
9-
Class
7
15c
Liggett
r';
7-31
8-14
15c
(s-a)
$3c
Ltd
iv Lanston
•i'i
8-14
7%c
Co
A
75c
Lansing
-y
8-
Tube
(quar.)
Ltd
Air Reduction Co., Inc. (quar.)_.
Air-Way Electric Appliance
8-10
50c
common——
,v
Corp. (quar.)
Agnew Surpass Shoe Stores,
8-10
$1.12%
Winnipeg Brewing,
4.88%
Superior & Ishpeming RR
Lakeside Laboratories. Inc.—
$1.16
preferred
(quar.)
,,
1
Shoe
Class
Maine—
_
Inc.
9-10
9-10
40c
'
9-
25c
Lake
PP>
9-
&
announced
35c
A
Quarterly
10c
L
Apparel,
8-15
9-
(quar.)
35c
(quar.)
Extra
'u'P
Shea's
7
$1.25
Mines,
Heater
9-15
held.
Corp.,
8-20
9-20
10c 6-15-49
preferred
American
(quar.)
1
1
10c
Adams-Millis
&
(quar.)
Banknote
25c
Common
8-15
2%c
(quar.)
Acceptance
$75c
(quar.)
(quar.)
Kings County Trust Co. (Brooklyn) (quar.)
Kingsbury Cotton Oil, common (quar.)
Kysor
3
8-
50c
(quar,)
Gold
9-15
7-15
50c
common
$20c
«quar.t_;
County Land
7-21
25c
(quar.)
9-
25c
Acadia-Atlantic Sugar Refineries, Ltd.—
Class A
partic preferential (quar.)
5%
preferred
(quar.)-__
7-26
Refining Corp
preferred
(quar.)
1
9-15
10-
give the dividends announced in previoua
we
Name of
7-20
Gas
1
9-
-
1
9-
25c
preceding table.
7-28
1
87%c
Electric
&
$37 %c
Extra
Kerr-Addison
*
9-
8-13
Ltd.—
Company
Kansas City Stock Yards Co.
5%
Selby
9-28
9-1
37 %c
Kawneer
.
3
25c
Hydraulic Press Mfg., 6'i pfd. (quar.)
Imperial Varnish & Color, Ltd., common
$1.50 conv. partic. preferred (quar.)
Inspiration Consolidated Copper Co
6%
8-
10c
Foundation,
2
8-
2
'
Security Insurance Co.
8-27
10c
(quar.i
Car.
(quar.i
$2
preferred
9-
1
Oil
preferred
$1
$1.06%
preferred
Investment
2
8-
50c
24c
preferred
Security
30c
Extra
Peanut
8-
22V2c
2
Inc
Gas
Securities
10-19
(Tom)
7-15
8-
—
4.40%
20c
quar.i
common.
share
(quar.)
Paper,
9-21
10-29
(reduced
each
Extra
1
25c
Huston
7-26
7-25
dends
8-31
5
8-
quar.)
preferred
5%
(monthly)
Electrochemical,
for
Regis
7-20
1
J
8-31
8-
$2.25
10c
Indiana
St.
_
7-30
8-
9-14
Motor
9-20
9-20
Below
—
of
9-
9-15
25c
common
weeks and not yet paid.
Indiana—
of
St.
8-17
$4.25
$1.50
$1.37l/2
$1.25
preferred F (quar.)
Joseph Stock Yards (quar.)
■
preferred
8-27
Hudson
8-13
4%
9-10
9-24
Co.
9-15
preferred B (quar.) _:
Mfg. 1G0., common (quar;)
Rheem
9-15
$1.12%
(quar.)
Co.
Inc.,
9-15
25C
(Charles E.)
J75c
5c
share
a
State
25c
(quar.)
(monthly)
Common
8-16
(quar.)
common
9-20
25c
-
_____—
Corp., 4%%
Youngstown Sheet
8-2
9-1
(quar.i
Republic Drill & Tool, 5% prior pfd.
6%
preferred
(quar.)
Republic Investors Fund, Inc.—
6%
preferred A quar.)__.
-7-15
9-
Co.
Inc.
8-20
25c
Hooker
9-2
$2
(quar.)
Fund,
1
Common
Hires
60c
$1.06V4
(stock dividend)
of
9-
Common, (monthly.)
r
8-
$1
(quar.)
3% %' preferred
Hibbard, Spencer, Bartlett & Co.—
;
40c
7-30
v.7-31
10c
Common
8-31
(increased)
pfd.
pfd.
5%
Co.,
9-22
8-14
,
8-1
$1
Light,
&
Service
9-15
75c
Corp.
8-15
8-15
9-15
5%
&
C.)
9-22
v
1
25c
>C0c
35c
—T
$1
57>. preferred
Cement
2
75c
(cash dividend)
Inc.
$1
$22 %c
Co.,'common
Instrument,
8-
25c
Co
Extra
3
30c
Fund
Corp.,
Hercules
8-16
1
75c
(quar.)
Paper Co., 4% %
preferred (quar.j
Hammond
8-16'
$1.12%
Co., Ltd. for each two shares held).—
Pennsylvania Coal & Coke
Peoples Gas Light & Coke (increased quar.)
-
Hammermill
Hays
9-15
9-
6
25C
(quar.)
preferred v(quar.)
4%%
25c
1
8-14
$1.12%
(quar.)
■_
York
Patino Mines & Enterprises Consolidated, Inc.
Stock
dividend
(One
share
of
Paticon
30c
(quar.)
Ltd.
Watch
7-31
20c
A
preferred
8-16"
1
10-
25c
$1.12%
com
(monthly)
Co.
10-
,,
28o
..
8-30
7-24
2
9-15
37%c
;
Monthly
Monthly
Wysong & Niles Co.,
7-31
8-16
Co
preferred
Puritan
1 s-a)_______
Stores, Inc.
Cotton,
Hamilton
,
(S.
$4.25
Co.—
non-cum.
Bros.
Glass
Power
$12%c
class A
Dredge & Dock
Gas :Light
Hamilton
8-16
25c
dividend
$1.25
(quar.)
preferred
(quar.)
Greenfield Tap & Die Corp.
(quar.)
Grocery Store Products Co,____,
~
8-
$7
56 %c
Lakes
6%
8-16
35c
(quar.)
(quar.4
Plains, N.
Greenfield
1
Mills
Parker
8-18
$1.75
Extra
-White
75c
25c
25c
class
Lumber
Stock
8-16
9-
prior
Jr.,
''
(quar.)__
Common
t$l
pfd .(quar.)___
(increased s-a)
Oswego Falls Corp., common (quar.)
4V2%
preferred (quar.)
Outboard, Marine & Mfg. Cot_
Pacific
$1
Great Eastern Fire Insurance
.
(quar.)
Co.
Common
9-15
25c
(irreg.)—
B
$12%c
convertible
9-15
1
20c
Company,
Class
8-28
25c
Gordon Mackay Stores,
Ltd.,
Class B Uquaf.)•___«
Wr
Osgood
9-11
25c
(quar.)
Goodyear Tire & Rubber Co.,-com.
<
Inc.
Ltd.—
Transit,
Parkersburg Rig & Reel Co.,
common
common
preferred
1
10-
50c
Owens-Illinois
56 %c
(quar.)
(quar.)
Company,.
Consolidated
___i.
9-15
1
10-
25c
Corp.
7-19
9-
9-15
"
——-—
(quar.)
Extra
Pacific
(quar,)_Company
iquar.)
Cigar Co., common
preferred
Oliver
1
$1.12%
___
preferred
7%
Co.
2
1
9-30
1
40c
Oil
8-
8-
7-24
10-
_v.
(quar.).
Casualty Insurance Co.
10-
9-10
7-31
10-15
—
Extra
Co.—
Gamewell
General
Ohio
1
"
4%
Ohio
9-
convertible
15c
~
preferred
Co.,
,
(quar.)__.
Utilities,
preference (quar.)
(Charles F.) Co., 6%
4%
Noyes
9-20
9-15
$1.50
(quar.)
(quar.)___
Co.—
convertible
1
4%%
Wrigley (Wm.l,
Monthly
1
9-
non-cum.
Northwestern
6
37 %C
40c
Rubber
(s-a)
(accum.)
A
Oil
Indiana
50c
preferred
&
10-
7-26
9-24
=
.
American
$1.75
Corp
Simon
Fruehauf
Northern
25c
,
RR._,
preferred
Franklin
8-15
25c
Mogul
Firestone
:
1
25C
„
.Pair
.Federal
9-
25c
(increased)-
<quar.)_
(The)
Fairbanks Co.,
$25c
$1.75
Goods__
Kalamazoo
North
25c
____________
Emerson Drug Co., class A
«
Class B :
___L_____„
Erie
—
(increased)
Dry
8-10
93 %c
(quar.)
common
(quar,)
A
Walker
7-21
1
50c
Corp., $6 pfd. B
preferred
Ely
8-20
2
10c
,
A
(quar.)
Brewing
JEastern States
9-15
89-
30c
common
.preferred
common
preferred
Dresser
'
—
i—
^—
Company,
convertible
Dravo
(quar.)__.
$1.13
37 %c
(quar.)
Bros., 'Ltd.
Co.
Dock,
7-9
2
8-
$1.25
(quar.)
class
Mur,
8-1
35c
50c
(increased)—_—
pfd. (irreg.)_
Noranda Mines, Ltd.
(quar.)
North American Investment Corp.—
6%
preferred
(accum.)
5V2%
preferred (accum.)
6
8-31
(quar.)—
Casualty
$2.50
1
9-15
Wisconsin Power & Light Co.
Worthington Pump & Machinery Corp.,
4%% prior preferred
(quar.)
Mfg.'
Dental
75c68%c
>
-
(S. S.)
9-13
8-
50c
/
(quar.)
8-27
Extra
$1.12%
common
$2.40
Nestle-Le
New
(quar.)___
Light, 4 % %
&
Co.,
7-19
8-16
____—
(accum.)
Cosmos Imperial Mills, Ltd. (quar.)
Crown Cork & Seal,Co., Inc.-(quar.)
Dallas
Meter
Wheeling
35c
{*,
10-1
(quar.)__
Fibre
7-30
preferred
(quar.)
& Lake Erie Ry., common
_'
25c
8-30
Brake
White
50c
common
25c
Air
7-31
8-30
$3.50
$2
(quar.)
Vulcanized
;'v.
Co
8-27
56%c
Co.
Service,
Coke
8-27
■
Neptune
8-27
&
Alabama
1
—.
Extra
Co.
_____
10-1
Coal
of
10-1
preferred
National
Westinghouse
Ry.
Payable of Rec.
25c
t$1.75
*
(quar.)
National Paper & Type Co.
9-10
10-
8-18
Virginia
(extra)
10-
—
Register
preferred
9-15
$25c
(quar.)
Racing Assn
Linen
4%%
Western
Share
Co.
t$1.75
preferred A
Cash
5 %
6
West
7-16
America—
National
7-28
8-20
7-16
1
__
—_
(quar.)
45c
(quar.)
Corp.—
preferred
convertible
Corp. of
1
8-
(quar.)—$44c
(quar.)
$75c
Corp.
By-Products
v
4
8-31
'
Co.
National
7-15
1
&
8-
pfd.
7%
(quar.)
B
(quar.)
National
'
Wilmington, Del.
Coro, Inc.
(quar.)
Plan
$2.25
9-15
89-
Ltd.,
A
P.)
Motor
$1.25
Nash-Kelvinator
9-15
10-
.'
$13c
*
-
______—__
(J.
Morris
9-14
10-
$50c
quar.)
8-16
1
8-16
15c
A
(quar.)
(initial
7-28
Narragansett
(s-a)
common.
American
9-
2
6c
(quar.)
Co.,
preferred
$1
Theatres,
Glass,
7%
8-
Power
(quar.)
Industries, Inc.,
Power
preferred
$1.12%
Consolidated
Consumers
7%
90c
&
(quar.)
(quar.)
C
4%
$1.06%
(Del.)
Light
2
37 %C
(quar.)
pfd. (quar.)_
common
Consolidated
Consumers
—
Co.
Co.
Electric
8-
8-14
1
Name of Company
i
:
45
Holdert
When
Per
Payable of Rec.
$1.25
<
Corp., Ltd., common
preferred (quar.)
8-15
9-
40c
(385)
Holder1
Waukesha
(quar.)
Cottons,
15C
(increased)
$4.25
Investment
Gas
Baltimore,
•""41/2%
Co.
Share
(quar.)
40c
,
(quar.)
Products
•
When
Per
.
preferred
•
4%
CHRONICLE
Mississippi Valley Public Service Co.—:
8-16
,,
FINANCIAL
Name of Company
9-10
8-27
$1
Co.,
Holdert
Payable of Rec.
$25c
common
—
Co.__'_
Milling
When
-
COMMERCIAL > &
Ault
(quar.)
4% ebnv.
Austin,
9-14
$1.20
8-16
Automatic
(quar.)
——-
—
Nichols & Co.
prior preferred
Canteen
Co.
of
8-
7-22
$1$25c
2
8- 2
7-26
8-2
7- 5
8- 2
7-15
$5c
9- 1
30c
8-
25c
9- 1
Ltd.—
Mines, Ltd—1
conv.
7-6
7-6
$$1.37%
(quar.)
Wiborg Proprietary,
5%% preferred (quar.)
2
pfd.
8-2
8-2
62%c
Corp.
Co.,
Ltd.
&
Aunor Gold
$1
933/4C
(quar.)
America
(quar.).
1
8-10
"
7-20
8-1$
a; .
46
"r;
(386)
rp~~
THE
111
COMMERCIAL
FINANCIAL CHRONICLE
&
Monday, July 26, 1948
11111
....
a"-:.-'
■
V-'1
"J-
Name of
Per
Company
When
j.
Short
Holders
Manufacturing Corp.—
$2.25 preferred (quar.)Avondale Mills, common (monthly)
4%% preferred (quar.)
„—Baldwin Company 'tp/-V;' '-
Name of Company
%
2
7-15
8-
2
7-15
$1.50
(1.50
10-15
9-30
Chesapeake & Ohio
S%% convertible
1-15-49
12-81
.
(s-a)
Rubber
15c
Co._,_
i?: - .7:r;';E*tra
■
Baltimore
Porcelain
Steel
8-10
'7-26
7-15
5c
Baldwin
1
7-26
7-15
9-
$1.05
—...-
5%
Corp.—
convertible preferred
convertible
(quar.)
Bankers
Bond
preferred
10-
8%C
&
Co.
Mfg.,
of
7-19*
t25C
9-15
8-31
A
Canada,
Ltd.
(quar.)
9-15
8-31
4%
preferred
8-
2
7-29
6%
preferred
8- a
7-16
—
&
(1
150
Citizens
•
Paper
Co., Ltd.—
(quar.)
9-1
6- 3
$3
8-2
7-15
Baystate- Corporation
(quar.)
Corp,, common (quar.)__
(quar;)
Bdding-Corticelli, Ltd., common (quar.)
7 %
preferred (quar.)
Beneiicial Corp.,
common
(quar.)
$fi
preferred
(s-a)
35c
7-30
7-15
Beck
40c
8-2
7-23
$1.18%
$$1.50
9-
1
8-16
10-
1
8-31
$$1.75
10-
(A. S.)
4%%
Shoe
preferred
Bonus
Watch
Class
Best
A
.
&
Blaumer's
$3
Bliss
(E.
W.)
Company
4%
Corp.,
Fund, Inc.
Real
7%
k for
Brown
each
Shoe
Paper,
Bullock's Inc.
8-
1
7-21
9-
1
8-24
Colonial
Sand
7-30
7-15
Colorado
Fuel
7-26
7-16
"w
■>
.
r.
junior
$3.60
7-15
2
7-21
Columbian
8-
2
7-21
Columbia
(The)
8-
2
7-10
Columbus
&
8-25
7-29
preferred
8-23
3
7-15
Commonwealth
2
7-30
Commonwealth
8-
1
7-15
7-15
1
7-20
8-
8-
1
7-20
7-27
class
common
$1
Class
Consolidated
9-10
8-2
8- 2
7-15
Corn
Corn
$2.50
7-30
7- 6
Courtaulds Ltd.
$3.50
7-30..
7- 6
Craig
8-14
7-30
Crown Cork
7-15
8-
2
$38c
8-
2
7-15
8-
2
,7-15
75C
8-
1
;
7-15
,7-31
8-14
7-31
8-14
7-31
50c
8-
1
7-15
25c
8-
1
7-15
30c
8-
1
7-15
Canada
Northern
Power
Canada
Southern
Railway
Corp., Ltd.
7-26
6-18
(s-a)
8- 2
$50c
10-
1
8-31
$20c
?! Class
A
(quar.)
Canadian Converters,
Ltd., class A (quar.).
Products, Ltd., common
8-23
7-29
$25c
:
8-23
7-29
$18%C
7-31
6-29
$18%c
10-
1
8-31
$25c
10-
1
8-31
$$1.12 Ma
10-
Class A
?{"4VL«% preference (quar.)
Canadian Industries,
8-31
7-31
6-30
9-15
8-25
$15c
Canadian Investment
Fund
(increased).—
Canadian Investors Corp., Ltd. (quar.)
Canadian Oil Cos., Ltd. (quar.)
1
$17 MaC
$15C
Ltd., com. (quar.)—.
Canadian Ingersoll-Rand Co.
(quar.)
Quarterly
12-15
11-25
Davis
Delaware
Dentists Supply
7% preferred
7-15
5%
non-cum.
8-
2
7-10
Diocesan
50c
9-10
9-
Disney
8-14
5c
5c to 10c Stores (quar.)
Caterpillar Tractor Co. (quar.)
Corp., common (increased quar.)
5% preferred
(quar.)
Central Arizona Light & Power—
Common
(increased
quar.)
$1.10 preferred (quar.)
Central Cold Storage Co. (interimI
7-20
10-
1
9-22
75c
8-31
7-31
7- 9
25C
7-31
7- 9
Dividend
Dodge
Dome
17 MaC
9-
1
8-
9
9-
1
8-
9
9-15
9-
I
•
&
Central
Illinois
Central
Power
$4
Gas
&
Public
&
Co.
50c
30c
Co.
...
—
preferred
(quar.)
Railway Signal, $4 class A (quar.).
Ccntral
States
Cerro
de
Shares
Pasco
Certain-teed
r.
Edison
Trust
2
7-10
25C
8-31
8-13
(s-a)
$1
8-
2
8-
8-
2
7-20
7-31
7-23
50C
Copper Corp
•
(quar.)
37 Mac
4%%
pfd.
(quar.
Chase
(N. Y.)
0-17
56M»C
•8-2
7-15
t.i 75c
8-'2
7-21
2
2
(quar.)__
Bank
7-23
8-2
10- X
(quar.)
Chain Store Real Estate Trust
National
«
7-15
$1.12%
(1.12%
.
400
;
7-
6
1
7-
6
1
8-16
Mines, Ltd.
Florida
1
9-20
8-
2
7-15
8-
2
7-15
8-
2
7-15
Foote
Dominion
5%
Convertible
8-21
Franklin
8-31
Fabrics,
2nd
convertible
Dominion
wo
8-
"}-$X
—
Fuhrman
>10
Fuller
Brush
8-
2
9-10
9-
8-16
8- 2
7-26
7-16
8-13
8-13
7-22.
7-15
.
7-20
7-20
.
7-20
1
$75c
7-26
$12»/2C
8- 2
$$1.12»/2
8- 2
7-15
12MC
7-31
7-15
55c
7-31
7-15
25c
7-20
7-
25c
8-
Brewing Co
class A (quar.)
8-16
30c
$1.05
$1
.
75C
50c
9-30
9-17
1-3-49
12-17
9-30
9-17
.
11-15
8-
87 MaC
11-
2
5
7-20
8-
6-30
7-15
,
■■iv *
9
8-26
4
AA
Co.,
(quar.)
preferred
Co.,
5%
conv.
preferred
-
General
American
—
2
7-20
$1.25
8-
2
$8
7-12
7-
General
7-19
99-
7
1
8-
2
4%
Finance
1
8-
2
7-
9
8-
2
7-15
General
Metals
25C
7-31
7- 3
General
Outdoor
(quar.)
7-26
8-
2
7-26
General
9-
1
6%
8-14
9-15
9-
-
12 MaC
7-26
(1.75
10- 1
10-
12-23
12-23
50C
8-10
8-
0
50C
11-15
11-
B
1
9-
1
8-10
5c
8-
1
7-
1
General
9-11
7-30
7-20
8-
2
15C
8-16
8-
General
Utilities
$17%C
7-30
6-30
8-1
7-23
ica
C.)
Co.,
preferred
&
8-14
$30c
8-25
7-30
8-
2
7-15
$75c
8-
2
7-15
$37%c
8-
2
7-15
$20C
;
$25C
8-
1
7-
9
9
$$1.25
8-1
7-
$40c
7-30
,$37MaO
Kr $25c
$250,
1
"8rl6
9-15
8-18
2
7.7-2
7- 2
7-31
8- 2
7- 90
88-
2
7- 9
2
7- 9
8-20
$1.50
8-14
7-31
8- 2
6-30
$1.50
8-
2
6-30
$1
8-
2
6-30
-
-
20c
8-16
62 %c
7-31
87 %C
7-31
i
7-17
$20c
-
8-16
v
7-19
$$1.25
8-
7-15
7-17
(quar.)
7- 5
$1.25
8-2
7^20
7-30
25C
—
2
10c
pfd.
7-30
87 %C
$3.50
10-
62 %C
—-
7-15
7-20
1
-i'J*
7-26
7* 9
50C
7-26
7-10
(1.12%
7-26
•7-10
25C
of
Co.
8- 2
k7-20
—
Amer-
i.
'
20C
7-31
8-
Goodall
15C
8-16
IOC
9-15:
Rubber
Co
37 MaC
Goodall-Sanford, Inc.,
common
(quar.) —
4%
preferred
Goodyear Tire & Rubber Co. of Canada, Ltd.
4% preferred (quar.)
:
—
$1
——
Grace
National
&
Bank
Co., Ltd.,
(N.
$2.25
preferred
Great
West
Coal,
Grless-Pfleger
Tanning
««8-,a
.<94
.
(
,
1
8415
'r 8»1«
$50c
$2
7-31
$25c
9-15 :f
8*25 i
V
9-
1
i.7^19
<8-25
—
25C
8-27
8-15 '
66M4C
8-13
8- 2f'
150
9-15
$50c
8-14
7-8t;
50c
8- 2
7-1#
(1.2B
10- I
.
common—-
(irreg.)
(quar.)
Griggs Cooper & Co.—
5%
1st preferred (quar.)
'"•4
7-15
.
-
Stores
(quar.)
Ltd.
1
7^21
(s-a)
Grand Union Co., new common (initial)
Grayson-Robinson
9-
9*1
='
r,
•
2
(quar.)
Y.)
class A
Great Lakes Engineering Works,
9-
7-10
2
9-11
(quar.)
5%
(quar.)
Insurance
Republic
(s-a)
Grafton
2
8-16
40c
6-30
v$50c
8-
25C
Special
9-1
7-25
8-
Globe-Union,
Inc.
(quar.)—
Gotham Hosiery Co., Inc. (quar.)_,
Corp., Ltd.—
$$1.25
8-16
(1.25
——-
preferred
Safety Razor (quar.)
Brothers, common (quar.)-
$4.50
11-10
50C
(quar.)
Globe
11-25
(1.37%
Waterworks CJorp.,
Gillette
11-10
50c
(quar,)-.
(A.
0-1O
8-16
50O
—
General Steel Wares, Ltd., common
5%
preferred
(quar.)
Gilbert
7-2$
11-25
87M2C
(quar.)
Corp., common
preferred
(quar.)
$3.50
7-15
5c
-
Shoe
2
(quar.)
6-25
2
Service
Public
7-15
Ltd
7-24
8-
-
Gerity-Michigan Corp,, (reduced)
Giddings & Lewis Machine Tool
8-16
(quar.)——
7-29
$1
(quar.)
Public
7-14
2
8-2
—
7-31
93 %c
General
15C
;
9-1T
12 MC
—
8-
-
7-16
1
Advertising Co., common—
7-25
10- 1
31V4C
2
—
8-15
$2.62%
(quar.)
0-24
8-
10-
—
Corp.—
$5.50 preferred (quar.)
$6 preferred (qpar.)
$4 convertible preferred (quar.)
1
75c
preferred
General
7-12
-
8- 2
$2
25c
(quar.)
(increased)
8-16
9C
I1.06M4
20C
Corp.
8-16
50c
8- Z
25C
$2
7-26
2-20
8-15
-
Mills,
preferred
$3.50
2
15c
(quar.)
(s-a)
C
5% preferred A (s-a)
General Foods Corp., common
7-30
8-
-
common
preferred
20c
pfd.—
7-14
$1.12 Ma
400
Corp.,
convertible
25c
25c
7-14
7-31
General Electric Co
7-20
20c
<—-
8-16
7-31
*1
——
Inc. (increased)
General Motors Corp.—
$5
preferred
(quar.)
$3.75 preferred
(quar.)
—
1
20c
preferred
7-30
,
9-10
12- »
9-
Baking
8-
60c
9-30
12-20
$$l
43 %c
$4.25 preferred series A (quar.)
General
7-20
4
7-10
Transportation—
2
8-
8- 1
(quar.)-
Gardner-Denver Co., 4% $fd. (guar.)
Gar Wood Industries, 4,/2% "pfd.
(accum.)
8-
8-25
7-15
12 fte
-
preferred (quar.)
of Canada, Ltd., 4%
pfd.
Gamble-Skogmo, Inc., common
5%
preferred (initial)—
Co.
35c
11-12
3
7-20
8- 2
ft
(quar.)—^
Co., common.
(quar.)
General
Bottlers, Inc
General Bronze Corp.
(quar.)
General Cable Corp., common
12-
7-20
8- 2
87'/2C
(quar.)
Company—
preferred (quar.)
6%
2
$1
Industrial Securities Corp.—
6%
Gair
2
8-
8-14
Class
Fulton
Gimbel
common
2
Schmidt
1
common
(quar.)
preferred (quar.)
preferred (quar.)
Dominion Tar & Chemical,
8-
-
&
1
Dominion-Scottish Investments, Ltd.—
r- 5% preferred (accum.)__——-
Stores,
2
15C
9-15 *
-
Linoleum
2
8-
(quar.)
8-16
9- 1
(quar.)
preferred (quar.)
Dominion''
Corp.
%' preferred
9-
1st
&
8-
12 Mc
common
1
Malting Co., Ltd.
Oilcloth
Co..
Stores
9-
Common
5%
Kleiser
-
(quar.)
9-20
50c
—
Ltd.,
8-11
7-31
(s-a)
1
40C
5% preferred
Bridge, Ltd.
redeemable
&
Co..
Freiman
4M>
7-15
1
9-30
15c
9-
8-25
5
7-31
9-
15C
(quar.)
10-
8-20
9-15 1
25c
1
7-20
2
15C
(quar.)-
com.
Companies, Ltd. (quar.)
(A. J.), Ltd., common
(quar.)
Froedtert Grain & Malting Co., com. (quar.)
$2.20 preferred (quar.)
8-
9-1
8-
25C
Machine,
Fraser
8-20
.!
7-21
Qair (Robert)
(quar.)
Anglo Investment
preferred
(quar.)
15C
(quar.)
preferred
Gabriel
(reduced)
Dominion
Hotels
Foster
2c
Dominion
Co.
Gear &
7-16
quar.)_
&
$1.12%
Extra
7- 9
'9-15
;
7-20
12-
25C
Oil
Bros.
9-1
25C
1-1-49
$25c
Power
8- 2
*
8-21
$1.75
& Light, 4'/2%
pfd. (quar.)Telephone Corp., common (quar.)
Flotill Products, preferred (initial quar.)
10-
7-31
$1
(s-a)
Sterling Steel & Carbide Corp.—
7% preferred (quar.)
Fleury-Bissell, Ltd., 5% pfd. (quar.)__
7-19
(accum.)
Corp.
Domestic Credit Corp.,
preferred
7-31
50c
common
Florida
-
Dominion
prior preference
Store Investment,
preferred
2
IOC
:
1
8-
8-
$1
$1
Corp.,
2
Shares
6%
$1
Products
4Ma%
Chain
7-17
8-
(Texas)—
Central
Century
7-31
13c
common
Service...
Light
27 Mac
(s-a)_
Electric,
7
!
8-31
Corp., common
8-
—
(Boston),
Productions—
(increased
held)
A
8-16
-
Trust
Manufacturing
Boston
York
$50c
Extra
-
Gas
Corp.
seven
7-20
$2
8-14
50c
Cclotex
Divco
V
the
and
A
3
$25C
preferred
7-10
1
9-
2
$1.75
1
2
class
Firth
—
8-
9-
Field
Marshal
see
at Baltimore—
the
3
$lc
7-30
8-
Co.
on
9-
$3.50
(quar.)
convertible
4
9-
6-23
(extra)
8-15
$1
1
9-
$37 Mac
7-
$1.12%
9-
10-
IOC
8-2
6%
7-18
9-15
Class
9-10
9-15
$1
(quar.)
(quar.)
5%
non-cum.
preferred (quar.)6% participating preferred (s-a)—
Deposited Insurance Shares, series A
Diebold, Inc., common
(Walt)
8- 2
9-15
5
Ltd.
Investment
9-
$2.50
8-
&
preferred
7-21
9-20
$2.50
7-6
(quar.)
7%
1
7-30
(N. Y.) —
7- 5
&
$1.75
Class A common (quar.)
Voting common (quar.)
$8 debenture stock (quar.)
Denver Union Stockyards (quar.)
Derby Oil Co. (Kansas)
Detroit Gasket & Mfg. Co. (quar.)
7-15
7-31
(initial)
7-20
Light (quar.)
Dennison Manufacturing Co.—
2
7-21
7-31
new
8-16
(quar.)
50c
Cas.sels
Electric
Power
7-31
50C
$1.06 Mt
(initial)
1
-
preferred
Corp.
8-15
new
First
7-31
9
9-15
50%
Chemical
8-13
$"$2.50
$1.50
(three shares for each
2
Inc.
Petroleum,
7-19
8-16
A
7-26
(irreg.)
$$1.75
Carpenter Paper Co., common
;
4% preferred (quar.)
Carson, Pirie, Scott & Co., 4Ma% pfd. (quar.)
cl. B
8-16
$1
5%
7-18
1
35C
of America
dividend
Class
8-
25C
$$1.25
Light, common
7-15
$17%c
Davidson
2
1
7-15
8-15
Co.
8-
Leather, Ltd., class A
8-
8-15
8-15
IOC
2%
(s-a)
Canadian Utilities, Ltd., 5% pfd.
(quar.)..
Canadian VIckers, Ltd., $7 pfd. (accum.)..
Hudson
Water,
8-
$20c
Stock
9-
common
Brothers,
9-13
Corp
(Marshall)
Finance
$1
$6c
Ry.—
preferred
Field
2
7-15
2
90C
(irreg.)..
$10c
Pacific
8-10
7-
8-15
70c
Stock dividend
Davies
"fjf Common (quar.)
8-25
2
—
6-23
$1.50
6%
8-
$1.75
Davenport
$15c
(quar.)
7-15
8-
'
Davidson
10- 1
9
$$1
Products, Inc.—
prior preferred (quar.)
—
(quar.)
(s-a)
9-
8-27
7-15
(s-a)-
25C
-
preferred
6-30
8-10
Enamel
5%
9-17
1
2
7-29
Ferro
75C
7-31
9-15
8-
8-
93%c
9-30
$20C
7-
7-15
$1.75
20c
7-20
$1
Ltd. (initial)
Seal, Ltd. (quar.)
Crown Overall Mfg., 6%
preferred
Crown Zellerbach Corp., $4.20 pfd. (quar.)$4 convertible preferred (quar.)
Cuban-American Sugar, common (irreg.)
Common
(irreg.)
i.
Common
11-ia
1
2
50C
8-14
50c
^
(quar.)
Curtiss-Wright Corp., common
1
88-
$2.50
8-13
$1.25
y
(quar.)
&
Corp.
Cuneo Press, Inc.,
3 V2 %
preferred
12-
50C
(quar.)
Corp.
(quar.)
9-10
Ford
Co.,
Culver
8-13
Inc.
9-
37V2C
(quar.)
$2.50
Canadian Breweries, Ltd. (quar.)
Canadian Car & Foundry, Ltd.—
Central
Bit
1
1
(1.25
$25C
pfd. (accum.)—
Federated Department Stores, com.
(quar.)
4»A%
convertible preferred
(quar.)
18%C
(interim)
(final)
7-21
12-
0-
(1.25
Grain, Ltd., 6%%
Fullerton
(reduced)
(Reading, Pa.)
common
1
1-1-49
(Syra-
Federal Fire Insurance Co. of Canada
25C
Dallas Railway & Terminal, common
7% preferred (quar.)
$37MaC
7-12
10c
(quar.)
l2fce
—
7-30
37%c
(quar.)
Exchange Bank Trust Co. (quar.)
Products Refining, common (quar.)
7%
Fedders-Quigan
$1.50
—
Class A
Canada & Dominion Sugar
Co., Ltd. (quar.)
Foundries & Forgings, Ltd.—
Class A (quar.)
Central
(quar.)
—
8-14
9-14
9
9-
7-21
1
'
—
9-30
75C
-
62 Mac
25c
Quarterly
Park,
Fashion
First
——
Co.
(s-a)
7-20
8-
7-21
9-
&
8-14
1
7-25
10c
-
1
2
8-31
6-30t
12-31
V
75C
(quar.)
-
Y„ Inc.
preferred
(quar.)
& Varnish, common
prior preferred (quar.)
7- 6
$20C
11-
1
6-3&
8-
$2
-
—
(quar.)
Corp.
Paint
7- 8
Canada
;
Can,
7-30
62 Mac
Common (s-a)
;5 5% preferred (s-a)
■
Paper
7-30
$20c
7-16
1
7-31
$4.50
preferred
preferred
1-25-49
25c
arrears)
convertible
Erie
9-10
1
8-14
12-
$$1.50
37 %c
(quar.)
....
r
&
preferred
$1.50
50c
$3
20c
8-
115c
(Toronto)
$3.75
$3
7-16.
7-20
all
7-20
$1
Class B
-
Dearborn
Continental
Cook
7-31
8-15
$4c
(quar.).
Container Corp. of, America, common
4%
preferred (quar.)
1
clears
8-13
(1
&
5C
(quar.)
Consolidated Edison Co. of N.
!
7-16
7-17
1
9-
Fibreboard
(quajfj
7-31
I
7-31
7
Industries—
7-12
!
7-
7- 7
4
9-
7-31
$50c
convertible preferred
(quar.)
Heating Products, LtdEppens Smith Co. (s-a)
Equity Corp., common (resumed)
$3 convertible preferred.
(This payment
—
preferred
1
Refrigerating & Terminals—
Power
B
Consumers Gas Co.
(quar.)
t $1.20 preferred (quar.)
Carolina
40c
Chemical
9-
I
8-2
8- 2
4%
Enamel
47 MaC
I
v*i
2-10
35c
participating, preferred class A
$5
-15-49
15C
(quar.)
pfd.
8-
A,
preferred
non-cum.
Inc.,
M? 7-15
Emsco Derrick <fe Equipment—
4%. convertible preferred (quar.)
8-10
50C
Consolidated
1
9-20
$1.25
25c
(quar.)
6%
7-15
8-
25C
50c
87Mc
(quar.)
Connohio,
7-19
-
Consolidated
(quar.)
California Water
Telephone Co.—
Common (quar.)_
4%
preferred
1
pfd. (quar.)
Farmers 8s Traders Life Insurance Co.
i
$1.90 preferred
9-19
8-
15C
7-31
Inc. (quar.)
Light & Power, common
$1.75
preferred,
:
(quar.)
7-15
2
12-24
11-10
$1
15c
Extra
Canadian
Common
8-14
9-25
$1.12%
7-31
(accum.).
7-15
2
7-29
3
Group
Empire District Electric Co., 5%
8-15
$%c
National Co., Ltd
Life Association
8-25
(quar.)
Associates (quar.)
8-14
(quar.)—
Ltd.
7-l»
7-23
Co.
7-14
Corp
$1
—
'
preferred
Connecticut River Power,
8-
1-
Employers
Watch
50c
Hampshire)
7-15
8-
7-26
11-15
$1.06
75c
—
■
(New
8- 2
40c
(Los Ang.)
Food
Gas
9-15
25c
1
Federal
International,
2
30c
2
(quar.)
7-31
$1.50
non-cum,
Canadian
Edison
90C
(quar.)
1
8-
8-
National
10c
Confederation
$2
7- 7
1
Electric—
International
$30c
(quar.)_„
8-
tic
Connecticut
-
preferred
the
7%
7-31
8-20
9- 1
8-
8-20
21c
8-
Extra
stock
-
K&l.
Ohio
7-31
9-15
21C
$6c
$20c
$30c
$25c
Congoleum-Nairn,
2 the stock dividend
Camden
Southern
8-14
$1.50
8-16
A
class
Inc.
7-19
10-
$1.25
-
9-16
(quar.)
System,
8-
—
participating preferred (s-a)
„$5 participating class A (s-a)
$V non-cum. participating preferred (s-a)
Byron Jackson Co. (increased)Caldweljl Linen Mills, Ltd,, common (quar.)
$1.50- 1st preferred (quar.)
80c 2nd participating preferred (quar.)
California Electric Power, $3 pfd. (quar.)
California Packing Corp., couimpn (quar.).
:'
Gas
(accum.)
Sugar
1
(quar.)
8-
Conduits
(increased)
on
Co.
7-31
$1
1
preferred (quar.)
Commoil, Ltd.
(s-a)
25c
7-20
8-14
8-20
9-20
-
(quar.)
9-
4(4%
9-2
8- 1
9-1
7-15
1
25C
10-
(quar.)
preferred
Carbon
9-10
-
Associates, $5 pfd. (accum.)
Common
(monthly)
Common
(monthly)
—
Ekco Products Co., common (quar,)
4Va % preferred (quar.)
—
-
Iron Corp.—
convertible
7-30
$$1.25
(quar.)
dividend
&
8-
Concord
participating class A and the common stock.
One share of class B stock
of Hat Corp. of America for each 20
shares held.
On the combined holdings
totaling less than 20 shares, 34c per
share in cash will be paid, in lieu of
(3
5%
Stone
2
$1.50
dividend)
Pittsburgh RR.—
5% preferred A (quar.)
5% preferred A (quar.)
Esmond Mills, Ltd., 5% preferred (quar.)_.
Eureka Pipe Line Co
Faber Coe & Gregg, 7% preferred (quar.)_
Co.
&
6-30
8-
$1.12%
$1.12 Va
20c
com.
8-20
2
Street Ry.—
preferred A
B
9-30
1
8-
17c
10-
preferred
Plow
preferred
Eastern
1
9-
30C
Co
Massachusetts
10-
15C
-
$1.25
55c
$1.12Mi
20c
20c
common
(quar.)
Hardware, Ltd.,
(quar.)
(s-a)
Colgate-Palmolive-Peet Co.,
$3.50 preferred
(quar.)
the
J-
$1.20
Cockshutt
8-10
Commonwealth
4% pfd. (quar.)__
(F.)
Manufacturing Co
Burroughs Adding Machine Co. (quar.)
Bycrs (A. M.) Co., 7% preferred (quar.) —
Byrndum Corp.—
A stock
7-12
Ltd.—
Buikart
.
8-
3
6%
9-15
$5
Ltd.
$15C
-
held
share
Company
8- 2
25c
4%
Co.,
preferred
8-16
Breweries,
Cochrane-Dunlop
of Canada, Ltd.—
Mills, Ltd. (quar.)
Buckeye Steel Castings, common
6%
Coast
50C
Ltd
Bruck
Buda
8-
$40c
(quar.)
(quar.)_
of
8-16
$$1.75
Trust
Brown-Forman Distillers (stock dividend)
shares
7-15
$1
5% preferred (quar.)
Broadway Dept. Stores (Los Angeles)—
Common (quar.)
Two
7-23
2
16c
Pulp &
(accum.)
British Rubber Co.
B
8-14
8-
60c
Columbia
Class
8-14
2
7-15
Louis—
preferred
7-31
$1
62 MaC
(quar.)
Estate
preferred
$4.50
15c
-
Brantford Roofing Co., Ltd. (s-a)
British Columbia Forest Products,
British
7-31
25c
(quar.)
Boston Edison Co. (quar.)
-
(quar.)
Electric Illuminating,
$62 Mac
(quar.)
common
preferred
Boston
7-21
1st
Elgin
(quar.)
Clinton Industries
(monthly)
Monthly
Monthly
70C
-1
Boston
7-31
.8-14
.
100%
-
B
preferred
6%
25C
1st
5%
$3
Supply (quar.)
Inc., common (quar.)
Manufacturing
Eastern
preferred
—
7-15
7-15
1
$25C
•
&
(quar.)
Corporation (cash
8-16
$1.75
$3.50
$1.75
$1.75
$1.75
30c
30c
to
8-16
00
$$1.12%
$$1.12J/2
-
'
Payable of Rec.
$25C
preferred
8-16
1
Share
&
Bradstreet,
7-22
11.25
1st
Cleveland
&
Duplan
Dwight
8-20
50c
(quar.)
..
-
Fisheries
7-12
12-10
held.)
75c
Bros., Inc.
Blue Ribbon Corp., Ltd., 5%
pfd. (quar.)__
Blumenthal (Sidney)
& Co. (quar.)
Bon Ami Co., class A (quar.)__.
Class
2
40c
of
Dun
2
10-
Holders
When
Per
■,
Metals
9-14
8-
$1
—
15C
(quar.)
common
Bloomingdale
Booth
8-
12-31
50c
—
share
50c
„
(quar.)
(quar.)
dividend
Block
n
Co.
(Phila.),
preferred
7-15
$25C
(quar.)__'„l____
Electric
1
9-10
$2
25c
(quar.)
Company
Birtman
8-
$5C
-
.
7-15
50c
.
7-31
2*
Co.—
preferred (quar.)
preferred (quar.)
City Stores Co., common (quar.)
Class A
(quar.)
Cleveland Cincinnati Chicago & St.
Common
(s-a)
7-15
20c
,
RR.
City Baking Co., 7% preferred (quar.)
City of Paris Dry Goods Co., common (s-a)
7% 1st preferred (quar.)
8-31
$3
(quar.)
?.
Benson & Hedges, $2 conv. preferred (quar.)
Borland Shoe Stores
(increased quar.)
r
Bertram (J.) & Sons, class B---
1
8-
9-30
35c
—
7-31
8-16
$1.25
-
(3/100
7%
7-10
$1
(quar.)
share
7-
1
4 Mi %
(s-a)
each
1
8-
Ducommon
common
(s-a)
Utilities
7%
8c
Co.
Inter-Terminal
dividend
Stock
for
$37 Mac
pfd. (accum.)
Bausch Machine Tool Co., 6,%
Gas & Electric,
preferred (quar.)
Cincinnati
7
8-
15c
.
4%
5
$1
■:
Increased
87M-C
.
■-'(•■';:>
Woollens
Donnacona
$1.25
Cincinnati
preferred (quar.)Z
(increased quar.)
Power
Class
7-30
$4
Oil Co.
Balhurst
10c
....
Barber-Ellis
Barcco
12-14
Mortgage Guaranty Co. of
America
Barcalo
9-14
1-2-49
—
8-
/*V,v
■■
.
Worsted, Ltd.—
quarterly
Paper, Ltd.—
4Mi% convertible preferred (quar.)
Dover & Rockaway RR. (s-a)
Dow Drug Co.
(quar.)
Dryden Paper Co., Ltd._
7-22
8-16
•;
■
Dominion
7-22
50c
5% preferred (quar.)
Chicago, Wilmington & Franklin Coal (quar.)
Chrysler Corp. (quar.)
I
83Ac
r...
(quar.)
7-31
7-31
•:■:■ ■■■'
Name of Company
7-22
$1
preferred (quar.)
tl2M2C
7%
7-31
$1
(quar.)—
Ry. Co.—
preferred (quar.)
Chicago Corporation (increased quar.)
Chicago & Eastern Illinois RR.—
Class
A
(resumed)
Chicago Rock Island & Pacific RR.—
■
preferred (quar.)
preferred (quar.)
Baldwin Locomotive Works—•
7%
E:
Holders
Payable of Rec.
35c
Cherry-Burrell Corp. common
4% preferred (series of 1947)
4% preferred (quar.)
Chesapeake Corp. of Virginia..
8C
6%
preferred
7-15
8-
(1.13
<J%
7 %
Share
8-2
66M4C
—
When
Per
Payable of Rec.
Avco
;•
—
8-7
v
——
9-2#;
■t
i
'7:7'"
Company, new common (initial)-Keystone Pipe & Supply, 5 % preferred (s-a)
Kingan & Company, 4% preferred (quar.)
Kirsch Company, $1.50 preferred
(quar.)—
Automobile
Shares
8-13
8-31
8-13
9C
__
8-31
5c
8-31
8-13
2c
Extra
7C
Shares
Agricultural
Per
8-31
8-13
$1.50
preferred
$1.50 preferred
(quar.)
(quar.)
Aviation
Shares
4c
8-31
8-13
Building
Shares
10c
8-31
8-13
Knickerbocker
7C
8-31
8-13
Knudsen Creamery Co.,
8-13
'
Chemical
Shares
3c
Kobacker
8-13
8-31
8-13
10c
Shares
8-31
5C
Equipment
Extra
8-31
15c
Extra
Electrical
8-31
8-13
8-31
8-13
8-31
8-13
10c
8-31
8-13
2c
General
8-31
8-13
Kress
lie
8-31
8-13
Machinery
Institutional
Investing
Bond
8-31
•
8-13
8-13
8-31
14c
Shares
Priced
-
5c
8-13
Kuhlman
La
7C
Extra
1
Shares
Petroleum
8-13
8-13
8-13
8-31
8-13
9c
x
Mining
8-31
8-31
3C
Shares
8-31
7c
Shares.
Merchandising
8-31
8-13
Bond
Shares
3C
—
Equipment
Railroad
Stock
New
8-31
8-31
8-31
.
Harbor
Harris
8-13
Leitch
Lehigh
Mines, Ltd
Portland Cement (increased
8-13
Lerner
Stores
7-29
7-19
Lincoln
'
*
0- 1
Quarterly
Quarterly
&
(quar.)
Corp.
(quar.)
Liquid
8-
7-12
Steel
7-20
Original
11-
1
10-20
10-15
9-30
Original
Original
8- 2
683Ac
8-
2
8-
1
7-15
15c
8-
2
7-15
40C
7-31
7-
933Ac
7-31
7- 8
Class
10-
8-
Loew's
3
7-26
7-15
Lonergan Mfg.
8-
2
7-15
Lorain
8-14
7-24
5%
convertible
$1
8-14
7-24
5%
25c
9-15
8-26
Co.
67e>
(Geo. A.)
Lowenstein
8-
1
7-20
8-
2
7-
9-1
8-
8-12
7-22
8-
8-
Home
Co
Sound
Co.
Lukens
7-
Luzerne
9-
1
8-12
Marshall Field
Mar-Tex
—r_
9-
Illinois
1
8-12
7-27
7-15
9-15
9-
3
$3.75
preferred
9-13
8-13
Maytag
Company,
'
9-30.
8-
Terminal
Zinc
RR.
Co.
2
6-
7-15
2
8-
2
8-
2
7-
18c
8-
1
8-20
8-
•
.
7-30
8-
4%
v:
i;
iV $3.50'
$1.25
shares
8-
1
7-15
6-30
8-31
7-30
8-
1
7-19
$1.12%
8-
1
7-19
(initial)
Business Machines
(accum.)
Harvester,
77c
Holdings, Ltd
pfd.
(quar.)
preferred
International
Intertype
Corp.
Investors
Stock
Fireman
Irohrite
"Jarttzen
7'Ac
(quar.)
—
(increased
preferred
Tea
Johnson
Co.,
Oil
Ltd.
Power
12-
1
8-10
11-10
7-15
7-31
7-15
8*
1
7-31
,
1
7-15
9-
1
1
2
7-15
7-28
6-18
2%
Light—
$1
8-
1
7-
933Ac
8-
2
7-19
20c
(quar.)
common.
10-
1
9-25
7-28
7-18
15c
25c.
8-
9
7-20
2
1
7-14
8-16
7-23
10- 1
8-16
9-10
$1.50
8- 1
Jf-l8
7-31
8-16
7-31
7-15
common
-
95c
9- 1
15c
7-31
7-'7
7-31
7-
Co
(quar.)
Stores,
7%
$5c
8-18
'8- 4
*•
7-19
12-
1
&
11-15
80c
prior preferred
Carolina
Liberties
9-
1
8-16
Northern
RR.
9-
1
8-16
Northeastern
9-
1
8- 2
7-15
Northland
8- 2
7-15
33A %
8- 2
7-15
8-
2
7-15
7-15
8
7-
8-
7-23
1
7-23
8-
3
7-12
9-15
9-
9-
8-
6
9-
8-
6
6
1
convertible
Insurance
Co.
8-
7-23
7-23
Oklahoma
8-15
7-31
43A%
7-31
Oliver
80c
8-16
8-
20c
7-31
7-20
25c
$1.75
$25
8- 2
7-20
8- 2
7-31
7-20
2
Public
Service,
7-16
Natural
Gas,
Outlet
Pacific
8-
Pacific
Ltd
$25c
1
8-
5
5%
$5
preferred
5%
redeemable
1st
25c
10- 2
9-20
Pacific
Lighting
6-30
8-16
7-30
$0.59375
8- 2
7-17
8-31
8-20
50c
8- 2
7-19
8-2
8-14
7-19
125c
8-14
7-15
8-14
7-15
50c
7-29
7- 6
8- 2
7-21
$1.25
7-26
7- 6
$1.25
8- 2
7-15
31'Ac
34%c
8-16
37'Ac
8-16
(quar.)
(quar.).
com.
1st
25c
10-2
9-20
Pacific Oil &
Mine Hill & Schuylkill Haven RR'. Co. (s-a)
■
$1
Minneapolis-Moline Power Implement Co.—
$6.50 preferred
(accum,)
$1.62%
Mississippi Power & Light, $6 pfd. (quar.)_
$1.50
Monarch Knitting Co., Ltd., common
t25c
4% %. preferred (quar.)
$$1.12%
Monongahela Power, 4.8% pfd.
(quar.)
$1.20
4.4%
preferred (quar.)..
$1.10
Monongahela Street Railway (s-a)
$1,12%
8-2
7-15
Pacific Public
8-15
7-30
8- 2
10- 1
10- 1
8-31
pfd
(Del.)
Montana Power, $6 preferred
Plan
of
Co.
7-
8- 2
7-12
8-16
5c
1
7-22
8- 1
7-15
lc
9- 3
8-14
9-
8-14
(quar,)
Extra
Mount Royal Rice' Mills, Ltd.
Morrell (John)
Co. (quar.)
Mfg.
Munising
Corp., $7
Co.
(qilxar.)
preferred
7-31
7-
37%c
7-30
7-10
$1.75
9- 1
8-14
(quar.)
6
Paper
Chemical
,
•
j
prelerrea
(quar.)
6%
preferred
(quar.),
Mutual Telephone Co,
4.80% preferred A
$1.50
,
(quat.)„.._™™^
12c
;
12c ^
(S.
C.)
Inc.
9- 1:
•.
9-28
12.28
8-16
9-16
12-16
B-12
8-23
12-12
11-23
7-30
,
7-30
7-30
,
8-16
7-30
8-16
7-20
10c
8- 2
,s
b-2,^
32'Ac
(quar.)
7-15
,
7-16
,
8- 20
40c
Inc.
Peabody Coal Co., common (irreg.;
6%
preferred (quar.)
5% preferred (quar.)
Corp.
(quar.)
7
8- 5
7-23
10c
20c
$1.50
31'Ac
=
7-31
75c
(quar.)
10- 1
35c
(quar.)
(quar.)
9-. 1
$40c
:
Ltd.
& Co.,
Peaslee-Gaulbert
8-16
8c
Co..
&
7-15
75c
(initial)
8- 2
7-26
9-
-
9-15
-
8-
1
9
6
9- 1
8- 6
9- 1
8-
6
7-23
25c
Cement
Peninsular Grinding
7-23
8-16
8-
5c
8-16
7-27
62'Ac
Wheel Co
7-30
25c
Corp
7-30
15c
Peerless
10- 1
9-15
1-49
12-15
2
Peninsular
Telephone Co.—
Common (quar.)
Common
(quar.)
62'Ac 1-
$1
preferred
(quar.)
$1 preferred (quar.)
$1 preferred
(quar.)
Penman's
Penn
Ltd.,
common
preferred
Traffic
25c
St
B\xreaU
(quar.),
Co.,
8-16
7-15
8- 2
7-
r,15c
7-26
7- 9
92'Ac
9-1
8-
$1.10
9-1
8-1
$1.06%
comxpon—30c
(quar.)...__^..__.T._r ,■
RR. (s-a)™
.2...
Galley
6
$75c
(s-a)
Pennsylvania Power, 4%%
Perfria
2-
$$1.50
(quar.)
Pennsylvania Electric Co.—
< 3.70%
preferred C (quar.)
4.40% preferred B (quar.)..—
Pennsylvania Salt Mfg.
3%% preferred .A
5
11- 5
25c 2-15-49
(quar.)
Co.
11-15
8-
8-15
25c
8-16
9- 1
-j.
$1.50
_I1__
7-20
8- 2
'(Hawaii) —' ~~"
4.80% preferred A (quar.)
Parker
J
Tubes,
& Tilford,
6%
—
A
3
$12%c
5%
1st preferred
(quar.)
25c
Murphy (G. C.) Company (quar.)
37'Ac
Muskegon Motor Specialties, class A (quar,)-';
,5Qc
1
8-
2
62'Ac
pfd. (quar.)
Oil, Mining & Development
conv.
Davis
preferred
(quar.)
Gas Development Corp
Service, $1.30 1st pfd.
Machinery
Page-Hersey
(quar.)
(quar.)
Extra
8-
lc
Diablo
Mullins
2
,
America
Morrison-Knudson Co., 5%
Mount
7-15
7-15
75c
Moody's Investors Service, Inc.—
$3
participating preferred
(quar.)
Morris
7-15
8- 2
8- 2
$1.50
(quar.)
& Electric, 5% pfd.
praferred
(quar.).
,
—
;
Gas
($*•
7-30
8-16
$1
Corp.
8-31
7-15
7-31
7-30
$$1.75
Ltd.,
(quar.)
5%%
Park
7-21
15c
non-cum.
6%
Parke
7-31
50c
Corp. of California
7-12
7-15
8-27
7-28
$1.25
Co.,
preferred
Package
7-15
1
55c
■
7-20
(quar.)
7-30
9-
$1.12%
(quar.)
7-20
prior preferred
7-15
10- 1
25c
Coast
Pacific
8-16
t25c
15c
(quar.)
class A
Products,
Finance
7-15
7-15
1
7-30
9-
$1,25
Company
7-15
8-14
7-15
'7-15
t$1.75
common
Otis Elevator Co
8- 2
2
&
8- 2r
125 c
Steel
preferred
20c
,7-21
8-
20c
Extra
$1.10
8- l1
8-
$1.12%
Class B
Inc
7-31
9-20
22%c
(quar.)..
com.
(quar.)
United Filters,
7%
8-16
10- 1
'506
Shoe
series A preferred
Ontario
2
283Ac
Company (quar.).
Industries, Inc., common
Olin
7-15
933Ac
Okonite
7-20
7-31
7-16
Lines—
Ohio-Apex, Inc. (increased quar.)
Oliver Corp., 4%%
preferred
(quar.)
Oklahoma Gas & Electric, common
7-15
8-
'.M
Co., coxnmon (quax-.)
5% preferred (quar.)..
•_
Ogilvie Flour Mills, Ltd., common (quar.)..
77c
preferred (quar.)
2
7-16
9-13
—
(quar.)
preferred
9-
8-
7-31
7-31
$1.50
(quar.)
(Hartford)
Airlines, Inc.—
1
preferred (quar.)
Engineering (quar.)
Nunn-Bush
$25c
Rubber Reclaiming (quar.)
Shoe, Inc., common (quar.)
15c
25c
Northwestern
8-
Co.
7-12
25c
8-
$1.75
6-23
7-28
37%c
::Extra
4%%
7-20
7-30
12c
convertible
4.6%
12-10
2
8-
$1
(quax'.)
Hampshire
Insux-ance
Greyhound
Northwest
10-1
12-23
60c
preferred
New
9-22
1
12-23
$3.50
Gas
preferred
$1
(quar.)
of
c
8-27'
9-10
10-
20c,
7%
Resumed
Northwest
,
7-1$
20c
n
gtd. (s-a)L.
Northampton Street Railway (s-a)_.
Northern Engineering
Works
Northern Illinois Corp., common
$1.50
8-2
.
50c
:«L
RR.,
Northern
8-16
,50o
*
!
87'Ac
6-30
1
(quar.)
7-16
C,orp.—
80c prior preferred
North
8- 2
,
7-16
8- 2
$1.25
$1.25
*
preferred
8-16
20c
Grain.
7%
45c
Semi-annual
Pacific
9
Corp., common
preferred (quar.)
Finance
8- 2
$1.25
Car
American
50c
preferred
Laundries,
2
8*
American
coxxvertible
$2
North
9-
50c
(quar.)
Manufacturers
&
North
7-31
e-13
7
7-30
7-26
$50Vic
25c
15c
50c
$1.06'A
common
6%
$1.25 ;
_
-
8-11
8-10
$2.50
(s-a)
—
preferred (quar.)
Corp. common
(quar.)
Y.)
Mutual
Kansas City Power & Light—
)!!3180%- preferred (quar.)
'Kellogg Switchboard & Supply,
5%
preferred (quar.).
pfd.
5%
■
7-15
9-10
7-31
7-25
8-
'
7-15
.
8-2
8- 1
8-25
8-
$25C
Co.
Ltd
133Ac
62 %c
$1.25
(quar.).
3%% preferred
Mines,
9-
1
$1.06%
(quar.)
Kalamazoo Stove & Furnace--—-.--,
(Kerr Lake
9-
7-30
20c
(Montreal)
&
Refining Co.,
Brothers
7-15
9-15
'30c
•
Jewel
2
8-20
30c
(quar.)
L.)
t;:4f%
8-
14c
(quar.)
Manufacturing
Brothers,
*
1
40c
j
Fund, Inc.
Central
00
8-16
8- 2
$1
25c
ftl
6
7-20
2
25c
__
$1.25
Knitting Mills of Canada
Jferikins
7-
7- 6
7-28
97'Ac
& Western Ry., commbxx (quar.)
adjustment pfd. (quar.)
„•
Norma-Hoffman Bearings Corp.—
6%
preferred (quar.)
1
933Ac
Common
America—
quar.)
■}.\B7o preferred A (quar.)
i Preferred
B
(quar.)
Jantzen
8-2
8-2
0-10
8- 2
8-
75c
75c
preferred (quar.)
Miller & Hart, Inc.
5
t83Ac
Co., 55c conv. pfd. (quar.).
Co., 5 7> preferred (quar.)
Knitting Mills—
C Common
8-
1
4%
J15c
43A%
7-15
t$1.75
Ironer
(F.
1
8-16
8-13,
10-
Norfolk
20c
$1.183A
Miles
Co
preferred
'&! QuarterlyJacobs
9-
$1.75
Light, 3.90% pfd. (quar.)
6-23
1
7-23
75c
85c
Midwest
8-20
10-30
(s-a)
1
9-
8- 2
L
7-15
(quar.)
Shoe
Midland
Co.
8-
7-16
7-16
$1.50
(quar.)
Dredging
Mid-Continent
>•
(accum.)
convertible
9-10
12-31
$60c
of Canada—
Resistance
$1
30c
(quar.)
Publishing Co.—
Educational
preferred
International Railways of Central
Kable
7-15
7-20
;
8- 2
8-16
3-20
7-31
Michigan Bakeries, common (quar.)
$1 non-cum. preferied (quar.)
7%
preferred /quar.)
Michigan Central RR. (s-a)
Michigan Gas & Electric—
4.4% preferred (quar.)
9-13
1
7-31
±
pfd. ($100 par) (quar.).^
preferred ($5 par) (quar.)_
.Jersey
9-13
8-
3c
International Nickel Co.
«
1
10-1
25c
International
& 6%
10-
$1.06'A
8- 1
5% 2nd preferred series A (quar.)
5% 2nd preferred series B (quar.).
Niagara Lower Arch Bridge Co., Ltd.—
Special
12-20
8-16
Mercury Mills, Ltd. (quax\)__—
Merritt-Chapman & Scott (s-a)
8-10
30C
International
1.5%
1
(quar.)
International
3JJ%
9-
(N.
Shares, Ltd.—
International
Iron
20C
Corp., new com.
preferred (quar.jC
41/2%
■'■ft. 7 7o
2
7-15
10- 1
1-2-49
4-1-49
8- 2
9-13
preferred
Mercantile
7-15
10c
Group
Stores
Merchants
:
Insurance
9-20
Niagara Hudson Power Corp.—
5% 1st preferred (quar.)
Co....
Insurance
933Ac
75c
Mines (quar.)
Co.
(quar.)
preferred
Melville
6-29
50C
15C
Stock and bend group
(Bait.),
"Corporation,
2nd
$2
1
2*
25C
Brownhoist
Interchemical
New York Power &
50c
4Vi%
7-12
15c
Mead
7-13
62 %C
(quar.)
(quar.)
Investors
Associated Telephone—
preferred (quar.)
Indianapolis Water, class A (quar.)
5 7c
preferred A (quar.)
*
4%% preferred series B (quar.)
Institutional
Co.
&
McWilliams
7-26
8-
50C
7 $2
Extra
7-15
8-31
(quar.)
Electric Co.
McLellan
6-30
8-20
$1
Incorporated
'!1
7-26
7-19
(quar.)
Mclntyre Porcupine
9
9-15
8- 2
$3
Merchandise
....—'$10c
Corporation
McGraw
Indiana
Industrial
Fire
York
30c
(quar.)
$3 preferred
preferred (quar.)
Grain, Ltd., class A
McCormick
12-20
2
8-
45c
Co., common (quar.)
convertible preferred (quar.)
Illinois
9-J.
-V9-20
12-30
$25c
(quar.)
Power
57c
$1.25
7-20
9-30
15c
York
New
7-
Trust
Class B
!
7-1$.';
40c
New
7-16
7-31
Extra
(quar.)
Illinois
Investors
20c
McCabe
8-2,
50c
7-16
5c
Massachusetts
McCall
7-30
'
$1.75
7-31
8- 2
May Department Stores, common
(quar.).
$3.40 preferred
(quar.)
$3.75 preferred (series 1947)
(quar.)
7-20
15c
;
7-15
8- 2
50c
9-21
50c
7-22
fc- 2
8- 5
,7-3$
40c
10- 1
7-31
(quar.)
8-12
$1.25
—
(s-a)
common
preferred
& Co.
7-15
2
8-5
8-15.
50c
New
Realization
1
8-
7-15
.
8-15
New York Chicago & St. Louis RR.—
6% preferred A (accum.)
Brake
7-30
$1.06%
$1.18%
93%c
(quar.)
4
Air
8-15
7-31 '
8-15
Company, common
preferred (quar.)
York
7-30
53%o
Mills
4
26c
2
9-13
Worsted
8-
$1.06%
(quar.).
A
7-31
$20c
B
Square
7-13
'
Common
preferred
4%% pfd.
Garden (quax*.)
50c
preferred (quar.)
$ 5% preferred (quar.)
Hydro-Electric Securities Corp.—
47o
& Co.,
H.)
2
8-16
New Haven Gas Light
7-30
8-15
7-30
:«
:'47%c.
(quar.).
8-
Madison
(R.
8-
50C
Interest
9- 1
Macy
25C
8-24
beneficial
of
7-30
A 8-15
25c
Bros., Inc., 43A% preferred (quar.)
Newberry (J. J.) Co., 33A% pfd. (quar.)
New England Fund—
Certificates
8-15
7c
9- 1
7-20
56 %C
2-24
7-30
7c
Shares.
7-36
8-15
7c
Shares
8-15
60
Process
7-24
'
12c
Series
8-15
12c
Trade
New
7-24
1st
,
Tank Co.
(quar.).
;
National Tea iCo., a4'A% preferred (quar.).
3.8%
preferred
(quar.)
Neiman-Marcus, 4V\7o preferred (quar.)
2-24
2
$6
Retail
7-81 '
88c
(quar.)
$$1
-"-57c
57c
Co.
9-
Smelting, Ltd
8-14
County
$1.06%
4 $2.25
preferred (quar.)
Huttig Sash & Door Co., common
Idaho Power Co.,
Steel
8-
(quar.)
'8-16
3
$1.50
50c
(quar.)..
common
$1
Refrigerator—
Common
(increased quar.)
$1.2B
9-
t7'*
on
National
3-10-49
8-16
25c
1
Jersey
4Vi %
1
7-16
I
10c
Equipment
New
8-16
8-
Railroad
11-24
Gas & Electric—
preferred (quar.)
$1.06'A
M & M Woodworking Co.
(quar.).—25c
Macco Corp.?(increased)
2^-2S529(8La**'**"' -10cMacoil Corpoi'ation
20c
1
Hussmann
-
Sons,
37 %C
—
Stores
Hudson Bay Mining &
8-23
$1.25
Lighting & Power, $4 pfd. (quar.).
Corp., common (q*ar.)
4%%
preferred
(quar.)_
Hoving Corp.
Howe
&
preferied A (quar.)
50c
(quar.)
(Joseph)
4%%
7-12
7-30
Series
Group
9-10
12-10
$1.50
Houston
Howard
(M.)
Extra
9
8- 2
40c
Railroad Shares
7-10
12- 3
$1.50
Series
Selected
10-23
9- 3
1
10-. 1
$1.06
10c
6-30
30c
7-24
10-
1-2-49
62 Vic
7-15
6
Stock
8-24
62 Vic
62%e
62Vic
$2
(quar.)
50c
—
Preferred
11-24
62 %c
(initial)-
& Co., common
preferred
(quar.)
(quar.)
65c
preferred
57o
preferred
preferred
convertible preferred
5%
7-20
2
6-30
Dock—
&
25c
(quar.)
Horn & Hardart Co. (N. Y.), common
v
Coal
5
$i5c
Series'
10c
class B
Co.,
12- 5
30.
The amounts are prelimestimates of such distributions.
inary
10c
(quar.)!
25c
(increased s-a)
July
Balanced
$2
15c
(quar.)
12-
J 15c
7-20
7%
preferred
16-20
12-15
$15c
$25c
$25c
75c
Y.)
(N.
Holophane
Company
Hooper Chemical Corp.
Horder's,
Inc.
(quar.)
Hormel
-
2
8-
lc
Holly Sugar Corp. (quar.)
Holt (Henry) $1 class A (quar.)
Insurance
(quar)
7-25
7-30
25c
$1.25
7-30
9-10
50c
SOc
2o
7-32
12-15
..........
National Lead Co., 6% pfd. B (quar.)..—
National Mallinson Fabrics Corp. (quar.)
National Paper & Type Co., 5% pfd. (s-a)..
:8-10
12-10
3-10-49
50c
8-13
9-1
' ? $• 1.
10-30
$2.50
preferred
National Securities & Research Corp.—
The
following
sell
ex-dlstribution
7-15
8-14
—
31'Ac
Spencer, Bartlett & Co.
Monthly
Higbee Company, 5% preferred (quar.)
Holly
Development
(quar.)—.
Holly Stores, 5% conv. pfd. (quar.)
7-15*
9- 1
9- 1
(quar.)
Lord & Taylor, 8% 2nd preferred (quar.)
Louisville &
Nashville
RR.
(quar.)
Louisiana Power & Light, $6 pfd. (quar.)..
Hlbbard
•'
'
$1.10
convei'tible
37 %c
(quar.)..
2
8-4
!
35c
preferred class A (quar.)
Hershey Chocolate Corp., common
$4 convertible preferred (quar.)
Hewitt-Robbins,
Inc.
(quar.)
7-20
$1.10
(quar.)
7- 8*
8-13
1
$1.50
Neisner
Theaters
10c
—
1st
(quar.).^_..
9- 1
$1.10
Extra
quar.)
20
(quar.)
7-10
(quar.)—
Boston
non-cum.
A
8- 2
8-2
7-26
B
(quar.)
Lock Joint Pipe, 8%
9-15
1
8-14
$1.25
(quar.)
7 7c
Home
A
$l5c
preferred
A
Co.—
Guaranteed
2nd
Class
Loblaw Groceterias Co., Ltd.—
8
Class
15c
RR.
8- 2
9-
50c
Corp.
Class
7-
7-20
8-10*
8-10*
Canada—
Class R
25c
87Vic
(quar.)
capital
capital
capital
Guaranteed
Guaranteed
Special
Special
Special
7-15
$1.12%
Products—
(increased
Miami
$1.12%
(quar.)
common
preferred
(quar.)
Hemisphere International Co.—
Quarterly
Hercules Powder Co., 5%
pfd.
preferred
<quar.)__
of
■
Erie
non-cum.
7-15
35c
$1
(quar.)—.
Corp.
^
8-18
50c
87'Ac
9- 1
National Hosiery Mills, Ltd.^-
8- 1
11-1
.'
Co.' (irreg.)
A 8- 2
9-10
(quar.);
Welding
3 7c
30c
30c
—-
(increased)..
Carbonic Corp., common
3%%
National
Stock
—
8-15,
200
$0.296875
preferred
Electrlo
Quarterly
Quarterly
8- 3
8- 2
8-16
9-1
8-2
7-31
7-9
9-10
■
7-31
8-
8- 2
■;
J12'Ac
Convertible
National
Insurance
Co.
$1.37%
$1.37%
33A %
Common
8-20
1
Life
——
Material
Link-Belt
Little
—
Hercules
Line
8-10
Co.
Company,
Products
5%
96 %c
$2c
50c
$1.12%
J25c
Printing Co., common__
preferred
(quar.)
9-10
20C
5% % preferred (quar.)
5%%
preferred
(quar.)
Harrisburg Gas Co., 4%% preferred (quar.)
Hartford
Electric Light Co. (quar;)
Hartman Tobacco-Go., 4 %% pfd.
(quar)
Hayes Manufacturing Corp
Hecht
12-10
Lincoln
1
9-
37 %C
'
-
7-26
12-20
National
quar.)..
(quar.)
pfd.
Corp., 4%%
Lewis Bros., Ltd. (quar.)—
7-31
2
8-
Gold
$3.50
Co.
Paper
(A.)
—-
8-13
$7c
Ltd
Plywood
(quar.)
8-31
37 %c
Hammermill
preferred
8-31
50c
—
Quarterly
Mines,
8-3
8-31
$250
(quar.)
Halliburton Oil Well Cementing Co.—
Hallnor
10-15
& Sons Co.—
(James)
3.85%
7-15
(quar.)—
Common
.
Lees
8-13
8-10.„
8-1
$1.06
Distillers
7%c
56'Ac
10c
$20c
50c
8-31
30c
common
Drug & Chemical Co.
—$40c
——j—;
t$1.75
———
9-10
10-15
15c
(quar.)_:
National
9-1
9-1
9-1
8-2
8-2.
9- 1
8- 2
(quar.)
$1
Co.
Brothers
preferred
National
7-15
7-23 '
80c
9-15
50c
7-31;
8-10
8-2
40c
8-10
Y.)
8-16
9-1
$1.75
8-10
7-15
7-15
30c
7'''
Corp. (Del.)—
(quar.)
conv. preferred (quar.)
Cylinder Gas,
4'A%
A 7-15
1
8-
25c
75c
common
9- 1
8- 2
8-16
Bank
_
Gypsum Lime It Alabastine of Canada, Ltd.—•
Halle
Co.,
8- 2
.
.
Container
National
^
31 VaC
Mfg.—
8-13
8-13
Engineering Corp.—
(initial)
common
,43A%
9-22
7-21
5c
—
Aircraft &
Grumman
Biscuit
Payable of Rec.
25c
Common
8-17
7-31
2c
'™:
Shares
National
12-22
15c
—
6c
_
Shares
7-16
7-16
7-12
$1.75
(1.75
National
Common
8-13
8-31
6c
Shares
Extra,.-.
Natioxxal
7%
preferred (quar.)
National Chemical & Mfg. Co.
National City Bank (N. Y.)
8-14
56%c
(increased quar.)
7-31
'———
8-13
8-31
8c
Utilities
National Battery Co.
3-22
•
preferred' (quar.)——
convertible
share
50c
—
(Brooklyn, N.
Lake of the Woods Milling Co., Ltd.—
8-13
6c
Shares
Shares
Tobacco
12-22
Company
Holdere
When
per
Name of
Narragahsett Electric Co., 4%% pfd. (quar.)
Nathan Straus-Duparquet
(quar.)
Natibnal Aluhxinate Corp.
(quar.)».._
National Automotive Fibres (increased
quar.)
$1.50
*
(quar.)
Co..
Plante-Choate
57c
8-13
2c
•Steel
9-21
10- I
8- 2
11-1
Electric
Lafayette
8-13
8-31
•
lc
Railroad
(quar
7-15
8-25
7-31
v 8- 1
8- 2
9-10
9-29
12-28
9- 1
50c
$1.12%
$1.12 %
60c
7%
preferred (quar.)
Lamstori (M. H.), Inc. (quar.)_—
—
Lane Bryant, Inc., 4%% preferred (quar.)_
Lanova Corporation (resumed)
Laura Secord
Candy Shops, Ltd. (quar.)—
Lee Rubber St Tire Corp. (quar.)
8-31
8-31
11 %C
Shares
6'Ac
Railroad
& Co.,
9-1
'
:
.
8C
Low
>
(quar.)—-
Co., 6 % 1st preferred
1% 2nd preferred (quar.)
7% 2nd preferred (qiTar.)
8-31
9c
Shares
Company
Extra
Shares
H.)
(S.
Holdera
8-20
15c
20c
34%c
$1.50
-—
Kroger
Shares
Bond
Industrial
Shares
10c
Works, 6% preferred (quar.)
Kresge (S. S.) Company (quar.).
•
Kroehler Mfg., 4%% preferred A (quar.)„
4%% preferred A (quar.)
Kroger Company (quar.)_
7'Ac
Shares
Administered
.
.—
60c preferred (quar.)
Kokomo Water
4'Ac
Food
Fully
Fund
■
Stores, Inc., common
preferred
(quar.)
$1.37%
When
50c
9-15
$2.50
12-30 "
$19-1
37,/2C
10- 1
37%c
1-2-49
3 7'Ac 4-1-49
.
47
(387)
Payable of Rec.
Share
Kerite
Group Securities, Inc.—
v.
FINANCIAL CHRONICLE
&
Name of Company
Payable of Rec.
Share
Company
Holder«
When
Per
Name of
COMMERCIAL
THE
Number 4719
Volume 168
•:
1
7-15
8- 2
^ •9-15*
2
•*
8-31
7-31
$2.50
7-15
8-10
7-23
-■U_
48
THE
(388)
Per
Name of Company
Permanente
Cement
Permanente
Peter
T:
Co.
(quar.)___
•
—.
Corp.
■
.*.4
„—
Per
5 % pfd. (quar.)
Philadelphia Company, common
Philadelphia Electric Co., 3.8% pfd. (quar.)
4.3% preferred (quar.)—
4.4% preferred (quar.)—
Philadelphia Insulated Wire
Philadelphia Suburban Water, common
//A $3.65 preferred (quar.)——4—
Philadelphia Transportation Co.—
—
30c
9-10
7
2
8-17
8-
7-20
Smith
(Alex.)
Common
7-21
9-10
(increased
8-
1
7- 9
8-10
1
7-30
1
7-30
8-15
7-31
87 V2C
$1.05
Corp.,
8-16
8-
2
Southam
20c
9-
1
8-11
Southern
9-
1
8-11
Ltd.
Co.,
7-30
7-
9
Southern
$1
7-30
7-
9
8-14
7-16
$25c
8-16
7-31
7-
7-31
7-
(initial)
Co.
$0.2312
7-31
7-
8-15
8-
9-
1
8-16
9-
1
8-16
$0.2656
9-
1
4%
2
8-16
_
preferred
$3.60
(resumed)
a '•
.
4%
v-
preferred
90c
8-
1
7-15
4V4%
__—>
$1
preferred (quar.)
Phillips Petroieum Co. (quar.75c
8-
1
7-15
Southern
9-
1
8-
Phoenix
7-30
7-23
Southern
8-
6-16
Southern
(quar.)
4%
Glass
Pinchin
Co.
Johnson
American
'
(irreg.)
&
Portland Transit Co.
Potomac
Power
Steel
23%%
Prosperity
Class
Co., class A (irreg.)
(irreg. )_ii«
'
B
preferred
8-16
8-
9-
1
8-16
90c
8-
2
8-16
7-30
55c
8-
2
.7-15
$1.06 V*
9-
(quar.)
Quinte
Milk
Radford
Co.,
(s-a)
Products,
Ltd.,
Less
7-15
9-
1
8-13
8-
1
7-
9
2
South
African
8-31
8-
7-31
Stock
8-25
7-16
Oil
$15c
8-
Standard
2
7-23
50c
Non-resident
88-
2
7-23
2s
V
$2 preferred series A (quar.)
Regent Knitting Mills. Ltd.—
$1.60 non-cum. preferred
(quar.)
$1.60 non-cum. pfd. (quar.)
7-15
Wentworth
1
7-15
Westchester
10-
1
9-15
9-10
8-13
8-
2
7-15
8-
2
7-15
West
tlOc
9-
1
7-30
7%
$$1.25
9-
1
7-30
50c
$1
2
(quar.)
7-
7
5%
7-10
5%
preferred A
preferred A
5%
preferred
}75c
8-
2
25c
8-
2
7-21
Stern
56c
9-
1
8-13
Stevens
50c
12-
1
11-12
$25c
50c
8-
2
7-15
7-30
7-19
preferred (quar.)
(J. P.) & Co, (quar.)
Stonega Coke & Coal Co. (quar.)
Stott
Strawbridge
&
1
7-19
Stroock
& Company
25c
9-20
9-10
Suburban
8-
52'Ac
(S.)
Clothier,
Electric
common
Riverside
Cotton
of
Ages
Rolland
Stock
S.
Si
&
Power—
A
Co.,
preferred
Paper
$3.40
$3.40
Dillon
Mfg.,
Scranton
8-
2
Thermoid Co., $2.50 conv.
Thomaston Cotton Mills,
Common
&
9-
1
9-
3
8-23
7-30
8-
3.65%
8-17
(quar.)
convertible
Scarfe & Co.,
B
Roebuck
&
Co.
Co.——
Mining Corp.—
Dohme, $3.50 preferred (quar.)_
Shawinigan Water & Power Co., com. (quar.)
4% preferred series A (quar.)—
.
&
._
Shellmar Products Corp.,
preferred
(increased)
com.
-
(quar.)———
Sheraton Corp of America,
Ltd.,
common
preferred
5%
South
Union
6-30
25c
7-31
7-16
50c
7-31
7-16
20%
t$1.07
$40c
9
7-19
$4.50
10-1
9-8
$3.70
2
6-30
$$1.75
8-2
6-30
Sigma Mines,
Quarterly
8-27
12-15
11-29
9-
1
8-16
8-10
7-20
8-
1
7-16
9-13
8-31
8-
1
11-
7-17*
Ltd.
5%
preferred
Class
(s-a)
—
Class
Skelly Oil
f*' Skllsaw,
Smith
Co.
—
dividend)
Inc.
(A.
&
O.)
(increased
Co.,
(quar.)
1
8-13
stock for
8-
1
7- 9
be
9-
1
9-
1
8-12
12-31
12-10
Corp
10-
25c
paid
the
8-12
each
1/50
1
7-15
9-10
8-10
7-19
6%
8-25
$30e
9
prior preferred
prior preferred
prior preferred
6%
7-16
$50c
10-
2
9-
40c
593/ac
10-
1
9-15
9-30
Stock
2
United
United
8-
2
7-12
8-
2
7-17
U.
8-
2
7-16
U. S.
8-
2
7-16
U.
7-28
6-28
U.
S.
9-
1
8-18
9-
1
8-18
8-25
7-23
8-25
7-23
50c
8-14
7-15
9-24
S.
25c
9-14
8-
8-
2
2
9-
2
7-10
7- 1
.
8-
a
Jamaica
tax.
income
General
7-13
• >■
this
15%
8-
7-15
2
8-
;
7- *
8-2
37'/ao
2
dividend.
Canadian
7-25
.
;
7-15
;
7-15
*
'
:
non-residents'
tax.
'
tax deduotli^vnlytha'
7%.
"
;
-v.
;
;
,v
,
-
.
tax.
Corporation and
7-13
.
7-
vately—The corporation, which owns and operates three:
hydro-electric dams on the Guadalupe River'was recent-
58'Ac
9-
1
8-16
ly: recapitalized. The
58'/3C
10-
1
9-15
53c
8-
2
7-15
53C
.
v.
9-
53c
1
6
-
mortgage
-
9-15
8-
2
7-15
50c
9-
1
8-16
50C
10-
1
9-15:
7-
7-30
10%
8-12
7-21
—
Co.
62 %C
8-
2
$1.75
8-
Upon completion/of- this financing the --control' of the company passed
to the conimon stockholders.
The present directors are Q.* Dittmar,
Industrial
Chemicals
7-15
7-
50C
Vice-President
7-15
9-
8
2
7-15*
11-30*
preferred
(initial quar.)
75C
i.
preferred——
Corp.,
$6
Tobacco,
pfd.
common
(quar.)
(quar.)
—-
convertible
tquar.)^.—
Co.—
preferred
25c
r
50C
—
J
-
8- a
250
7-20/
Operating
.
Interest
8-23
/
7rl4
7-15
General
D.
- Manager;
D.
D< Baker, Jr., SecretaryBuck/Assistant Secretary and Superintendent.—
t
—
(& Subs.)—Earnings—
:
22'Ac
9-
1
8-16
.
profit
and
/:
$5,966,474
1—
amortization----—
:
CoVnpfensation ' reserve—
—'
/
26,853^. jjfr 24,712 tf/
38,700
—-—
.
1947
$6,087,231**
.666,835 x//,:382,549:v>fr
132,251 / / 79,528 •.
—
.
Income taxes—
v
,
1948;'.
."
'
;.,
-
184,057
24.000; ;.
192,844
■
Net
—' $284,9.74
profit
Common
shares
outstanding.—
Earnings per. common, share—
(quar.)—.
.
,
Depreciation
7-14
•
67i.:
Thermoid Co.
7-30
8-16
8-2
p.
Quarter Ended March 31—
8-23,,
9-10
;
$1.50
«
2
9-10
$2
conv.
—
Winding
8-
$1
160,
Gross, sales
Radiator Corp.—
Rubber Co., common—.
O.
v.
-
12-20
8-
and
Treasurer, and
1 ""
8-2
9-30 4
'50c
(quar.)
,
-
C. H. Donegan
and H.-II.-Weinert of Seguin, Texas; H. S. Hunt oft
Jackson, Mich.; "A. ,J. Vfirtz 'of Austin, Texas, and' Victor H. .Braunig,
L. 'Smiley White arid Creston ;H. .Funk of San Antonio,-Texas,
rr r
//
The.present offic.ers are Creston H. Funk, President; C. H. Donegah,
-
7-15
2
8-15 ;
62'AC
?
bonds and purchase and retire the outstanding pfd. stock.:
7-21
8-12
^
old/
.
8
25c
company sold $1^750,000 3% % first
bonds due in 1973 to a Northern Insurance:
Company. This transaction was handled by Creston :H.
Funk & Co. of San Antonio and C. W. McNear & Co.*
of Chicago. The funds are being used to'retire ithe
8-16
10-vl
Pipe Si Foundry Co.—
Leaf
37 %6
7-15
2
7-15.,
(s-a)
Universal Pictures Co90c
'
8-
,
2
50c
Stores
5c
2
31'Ac
for
7-20
7-31
8-
common
Universal
30%
8-
(quar.)-,
—
1" If
7-a* 7-24
7-31
30C
.
closed
Income
9-10
7-31
7-ai\
Texas Power Corp., Seguin, Texas—Bonds Placed pri-.
Guarantee,
Extra
British
7-1®*;
i.-
Investment News
150c
Transit
1st
Less
1
7-20
50c
resident "tax
15%;
2
10-
2
9-25
25c
(Continued from page 12)
—
—
Fire Insurance
8%
not
8-
25C
<
7-
58y3c
Air
United
books
tax
7-31
1
<25c
New 6%
U. S.
10-11
7.t15
8-
70O
U.
-
7-15
38p
;8-15
25c.':'V8-,31
-16#$
—
8-23
$40c
37 %c
$Payabl«tJn Canadian funds,
v9r .1
1
8-10
25C
25n
■
,
7-15
1
25c
tPayable in U. S. Funds, less
resident
x Less
•
Universal
8-20
7-26
9-15;
2
al5%
Ltd./ common—
preferred (quar.)'-—
preferred (quar.)
•Transfer
7rl0
8-9
87 Vic
Co.,,5% preferred (quar.)
Conditioning, $7 pfd. (quar.)
Finishing Co., com. (increased quar.)-
S.
S.
dividend
Specialties
Extra
10c
.
,8-9
2
8-
Ltd.^
Fields
Consolidated
5%
United Merchants & Manufacturers—
9-15
$20c
/ 8-16
7-15
8-
Common—
v
Gold
7-31
Vi'c
Vic
50 c
-
8-16
7-15
9-
preferred (quar.)^
Co.fr(quar.)
conv.
7-31
/
1
$$1.75
(accum.)
Co
9-10
62
9-
8-20
50c
pfd.
Curry
7-31
prior preferred (monthly).
prior preferred (monthly)
prior preferred (monthly)
6%
7-20
7-
2
7-15
10-15
7-27
8-
2
10-
3
7-31
(quar.)
Yuba
9-18
1
2
10-31
$1.25
7%
Co.
County Gas
Yqsemite Park &
share
7-15
2
6%
Co.,
York
7-16
/.
7-20
8-
8-10
11-10
2
Cab
-
1
7-31
8-16
10-
1
20c
Yale SiTowne Manufacturings.
Yates-American Machine- (quar.)
share of
Traction- common
for
8-
common.
,
Cash will
37c
9-
25C
$1.50
Ordinary (interim)'
Combing Co. of Canada,
Wrigtey (Wm.) Jr., Co.—
'
Monthly
'J,
:
shares at
of
7-15
(P. WJ, & Co., Ltd.—
11-15
$1.25jJs
fractional
of
8-
(quar.)
W.)
Wool
2
8-
Service,
James),
,,
7-Jit
8-16
7-31
$1.50
Wool worth
2
7-
10c
2
8-
7-
7-31
8-16
—
Si
8-16
^
(F.
"
7-20
7-31
&
I
1
90c
Public
(Alex
2
$2.50
(quar.);
-5%' preferred
Wood
2
8-16
87
each 50 shares held.
in lieu
rate
held.
7%
Light
7-21
common
Woolworth
8-16
8-2
62 Vic
Inc.," com..;
8-
10c
8-
10c
■
(increased quar.)
Circuit,
(quar.)—
8-
50c
8-13
9-1
25c
92Vic
7-20
87Vic
-
8L12%
2
50c
,
Wisconsin.
6%
8-
$30c
"(quar.)
7-21
25C
(monthly)-^—_——
7%
(monthly)
7%
(monthly)——
6.36% prior preferred (monthly)
6.36% prior preferred (monthly).—
6.36% prior preferred (monthly)
10%
quar.)—
common
3.60%
2
$1:«6V4-
—
8a-
8-
$1.50
Zeller's,
United Light & Railways Co.— /
Common
(stock dividend) One
.
(N.)
7-21
8-
—
(quar.)———
9-
$75c
(stock
B
American
62 Vic
quar.)
7-31
20c
preferred
United
Chemicals,
Inc
United Cigar-Whelan Stores—
$3.50 convertible preferred (quar.)
United Corporation, Ltd., class A (quar.)
Class B (quar.)—.
United Drill & Tool, class A (quar.)
7-30
class ~A
(increased
91'/4C
pfd
Corp.
7-26
$1.25
(quar.)
Co.—
Theatre
5%
10-18
(quar.)_
Corp.
Artists'
1
*$1.50
Oil
(increased)
8-14
25c
B
Sinclair
Slater
Ltd.,
Street
Rubber
80c
7-26
1
8-15
n-10
(quar.)
preferred
Yellow
preferred/(quar.)
preferred
(quar.)
preferred
(quar.)
$3.50
U. S.
Simpsons,
Salle
Union Oil Co. of California
40c
Signode Steel StrappingCommon
(increased
(quar.)
preferred
6 %
Union Electric Co. of Missouri—
United
9-15
La
Asbestos &
7-27
$1.50
Pacific Power/^common——
preferred «(quar.)
—
—
Sierra
4j /'/ 6 %
6%
2
25c
t25c
(quar.)_
(quar.)
7-10
9-
25c
Inc.,
1
8-
CoA-
Power,
1
(s-a)
Works,
8-
50c
IOC
2
25c
Lamp
10-22
(quar.)
8-
Universal insurance (Dallas)
Trinity
U. S.
Shirriff's,
Corp.
7-23
1
12 '/2C
izy2c
(quar.)__
5% 1st preferred (s-a)
6% preferred (quar.)
10-
15c
Tung-Sol
25c
Shattuck-Denn
Electric
9-16
$20c
(quar.)
Wisconsin
50c
$10c
Leather
7-10
common—
27'Ac
(quar.)—_
Sears
Seton
8-2
62V2c
—
2
(this
Co;,
$1.50
(quar.)
12Vic
(quar.)
(quar.)_—
Line,
Wisconsin
/Quarterly
$2.50
preferred
Ltd., class A
Oil
Wilson
8-26
9-30
7-14
$i9c
preferred
Seaboard Container Corp., class A
Wilcox
8-26
9-15
31 'Ac
tquar.)
8-
11-
$60
pfd.
conv.
Inc.
$1.75
preferred
$4
(quar.)
Co.
-
$1
arrears)
Chocolate
preferred
8-23
$1.75
(s-a)
(quar.)_
Stores,
.9T22
*9-15
1
$1.25
2
Auto
75c
—
Transamerica
all
50c
—
Realty & Construction
(quar.)
Oil, Tank & Pump Co
Edison,
preferred tquar.
Trade Bank & Trust Co. (N. Y.)
(resumed)-
7-14
8-
9-
$5
6-15
8-11
8-
7-17*
7-31
6-25-49
8-11
$31'Ac
5%
30C
7-20
1
*
50c
25c
Co., Ltd., common
(quar.)——
Wilbur-Suchard
1
Common
91'Ac
preferred
Line,
6-10
8-
25c
(quar.)
White's
9-
3-15
1
7-10
8-
85c
(quar.)
6-17
1
clears
$2 prior preferred
9-15
12-
2
85c
preferred
2
payment
12-15
12-10
55c
—
(quar.)
Toledo
27%c
(quar.)
8-
10-
Tokheim
50c
(quar.)
$1.25
—
Tishman
7c
(quar.)
common
(quar.)
7-12
7-17
"
9-10
50C
(quar.)
9-17
Mfg.
preferred
Sewing Machine,
2
2
1
1
8-16
White
8-
1-49
1
8-
7-19
2
Cement
non-cum.
8-
1-49
9-
Corp.
Whitehall
1-
7-
Instrument
1
10-
$1.25
7-15
4-
7-15
1
(quar.)
Stationery Corp.—
8-16
50c
2
2
8-
2-
-
1
$1.25 2 -15-49
-
2
1
56c
9-10
8-
811-
2
75c
(quar.)
3.65%- pfd.
8-16
8-
7%
2
11-15
9-
Common.
208
_
pfd.
conv.
Brothers,
$5
Co.—
Air
7-20
9-10
9-15
$1.25
Inc.,
75c
A
Electric Co.
Seaboard
%
Thalhimer
7-20
$1.25
(quar.)
preferred
Scotten
4%
7-22
2
25c
(initial)
Scott
■
2
8-
13c
Foods, Inc., common (quar.)„
preferred (quar.)
preferred
Sharpe
8-
$15c
a20%<
Schenley Distillers Corp
Schwitzer-Cummins Co.
Class
Textron,
Fine
1-5%.%
)
8-16
5%
common
5Vi%
9-15
9-15
$10c
;
5% preferred A (quar.)
Sayre & Fisher Brick Co.—
Scythes
1
Texas Power & Light, $6 preferred
7%
preferred (quar.)
$1.25
Co.,
preferred
/. 5%
10-
*—:
1
Wheeling & Lake Erie Ry.—
4%
prior lien (quar.)
(increased)———
Co.
1
2-
$1.25
7-21
—
Sulphur
_L-__——•
11-
$1.25
7-20
25C
Corp.
Gulf
Extra
25c
$5 preferred (quar.)
Mills, Ltd. (quar.)
1—
(quar.)
Saguenay Power, Ltd., 4'A% pfd. (quar.)—
St. Lawrence Flour Mills, Ltd., com. (quar.)
*. 7 %
preferred (quar.)
St. Louis San Francisco Ry.—•
Scovill
9-15
5c
Saco-Lowell Shops (stock dividend)—
New
1
$1
convertible
•-5%
10-
dividend
W.
'■4. 4%
Texas
7-15
50c
-
r
7-26
2
93'Ac
(quar.),
Ltd, (quar.)
Rolls-Royce, Ltd. (ordinary)
(interim)
Rose's 5, 10 & 25c Stores (quar.)—
Rudd-Melikian, Inc., class A (initial)—
If :» .Class B (initial)—
Ryan Consolidated Petroleum Corp.—
; a
8-16
8-
45c
11-15
2 -15-49
(quar.)
2
$1.12%
(resumed)
8-
75c
(quar.)____
Electric
8-16
(quar.)__
&
preferred
40c
15c
-
Light
Paper
7-26
Tennessee
Weston
5%
7-15
Co.
75c
A
Western Tablet
"
(quar.)
Corp.
8-13
RR.
7-31
50C
75c
Corp/
% Quarterly
Rockland
2
25c
Cement,
Robinson
Rock
$1.31 V*
Company
(quar.)
8-
25c
(initial)-
com.
Co.,
&
7-19
Co.—
25C
$4 2nd preferred
Oil
Telephone
50c
(quar.)
(irreg.)
Securities,
9-17
9-
$1
—
pfd.
Briquet Co., Inc., $1 conv.
1
1
&
preferred
7-31
10-
7-20
2
Co.—
(accum.)
Light
Western Pacific
Textiles—
Stern
&
50c
—
7-27
1
8-
25c
31'Ac
(quar.)
$1.75
$1.75
Riegel Textile Corp., common
$4 preferred A-(quar.)—
Rib Grande Valley Gas—
A
Common
2
-
8-
Common
8-
'
7-12
8-
8-16
933AC
7
t75c
Canada,
2
2
8-
$1.12'/a
(quar.)
preferred
7-
(quar.)
Ltd., common (quar.)_
7% participating preferred (quar.)
Sterling Brewers, Inc. (resumed)
of
50c
(quar.)
preferred
Westvaco Chemical Corp.—
75c
45c
Insurance Co. (N. Y.)
Rich's, Inc.', common .(quar.).
3%%
preferred (quar.)
8-13
(quar.)
8-16
Richmond
Via %
•
9-15
1
Common
Steel
35c
(quar.)
(quar.)
1
9-
7-30
Symington-Gould
Corp.
4
5
8-31
9-15
10-
12-15
7-12
preferred
$1
25C
$$1.12 %
8-13
8-
Oil
9
I.
(quar.)_
-
2
7-
9-30
7-20
2nd
8-
7-31
12-31
7-26
,0.7%
Co
7-16
8-14
$20c
i
25c
(quar.)
Swift
Richfield
Coal
2
8-
50%
(stock dividend)
(quar.)
$1.25
pfd.
Stores
9-10
.
Ltd.
$1.25
Sterchi
9-20
tquar.)
Paper,
5%.
25c
preferred
7-19
9-15
(quar.)
4 % % class A pfd. (quar.)
Biscuits, Inc. (quar.)
Supertest Petroleum, Ltd., 5% pfd. (quar.)_
1st
8-16
75c
7-10
Sun
7%
$1.50
1
Sunshine
(quar.)
7-19
(quar.)
Manufacturing
Inc. (quar.):
(George), Ltd.; 4%% pfd.
West Virginia Pulp & Paper—
4
7-15,
8-16
8-
7-15
(quar.)
8-
1
8-
tlOc
7-20
com.
8-
7-18
(quar.)
7-15
Co.,
Point
Westmoreland
11-10
2
$1.75
Weston
8-14
7-16
8-
17 '/2C
(quar.)
Westmoreland,
12-10
2
"
(quar.)
Westgate Greenland Oil Co.
4
2
8-
30c
iquar.)_
Foundry—
preferred
preferred
preferred
6%
8-
8-20
12'/2C
Co.
B
1
common
7-20
2
Electrjc Co.—
Class
2
Goods,
8-iii
8-
$23
Western
2
J.) Tobacco
7-31
$1.75
8-16
7-10
8-
(quar.)___
.7-24
8-15
7-15
8-
Dry
8-
9-10
8-10
$20c
1
8-
(R.
prior
Penn
Westminster
50c
$1.06'A
8-
10C
Michigan Steel
7%
7-15
H*
7-15
7-24
(quar.)
Insurance
$3.75
6c
Reynolds
1
Co.
Fire
2
1
Stecher-Traung Lithograph, 5%
5%
preferred (quar.)
140c
(quar.)_
CO
$56'Ac
4'A%
*
West
West
50c
(quar.)
*.
Mfg.
-A
1
10-
8-10
37'/2C
8-
Co.
9
7-20
2
8-
10-15
8-
Brothers
9-10
10-
$1.12%
(quar.)
Extra
shares
15c
Rice-Stix
:
1
8-
Standard
100
15c
W Class B
/;
8-
(quar.)_
Republic Petroleum (quar.)
Republic Supply Co. of California
Revere Copper & Brass, 5'A % pfd.
■vy
7-15
__
6% preferred B (quar.).
Republic Investors Fund, Inc
;
1
140c
Reitman's (Canada) Ltd., 5% pfd.
(quar.)...,
Reliance Electric Si Engineering, common—
$2.10 convertible preferred (quar.)
preferred A
62 '/2C
50c
7-20
7-21
6%
7-30
tl5c
7-20
7-15
.
8-20
-
(quar.)
9-
8-
common
<quar.)_
8-10
A
75c
,
common
9-10
(quar.)
Western Insurance Securities
2
8-12
Fund,
8-
50c
2
25e
Investors
10-20
35c
7-15
12'/2C
8-
50c
Republic
8-13
9-20
20c
8-16
I
Corp
8-
7-30
class B
each
9-15
8-16
Co.,
7-15
1
$40c
7-15
$1
of
share
for
50c
1
6-30
2
B
1
—
tquar.)
com.
25c
.
(quar.)—
8-20
8-
Class
8-13
25c
A.)
class
1
7-30
Class
Rayonier, Inc., common (quar.)
Reading Co., common (increased)
(C.
Co.,
1
Spring Co.—
4% convertible preferred (quar.)
Stanley Brock, Ltd.
Share¬
(quar.)___
&
1
Standard Steel
20c
9-
35c
8-
(quar.)
iSilica
7-15
9-
Ltd
9-
—
(One
J.)
dividend
2
20C
(quar.)
Mines,
8-
7-16
7-15
Amulet
10c
Ltd.,
Co.,
8-13
9-10
2
7-31
8-
30c
$1.25
(quar.)
(N.
7-15
37'/2C
(quar.)
Brothers Co., class B
(quar.)>_
Waterloo, Cedar Falls & Northern RR.—
Co.,
dividend
Co.
Cash
(quar.)—
Fuel
1
2
$1
45c
__
Ltd.—
4'/a % redeemable preferred (quar.)
Standard Oil Co.
(Ind.)
(cash dividend)—
Quarterly
8-15
56'Ac
of 2d
preferred
preferred
15c
Reed
;
5%
1
12-
8-
25C
(quar.)
preferred (quar.)___
$1.033A
(quar.)
Sons
Chemical
Standard
125c
class A
Rapid Electrotype Co. (quar.)
Raymond Concrete Pile, common
; $3
7-19
7-31
&
9-
12-10
50c
preferred
97'/2C
Company, $4 preferred
preferred A (quar.)
Standard
(J. M.)
holders Tax
#
7-19
$1.50
Ltd.—:———-
4 'A %
-
7-30
Kellogg
7-16
9-10
(quar.)
55C
tquar.)
com.
Square D
$4
7-15
1
$1.25
Sugar
92'/2C
Public Service,
preferred (quar.)
3.90% preferred (quar.)—
4.15% preferred (quar.)
5%
preferred (quar.)
Sovereign Investors
Spencer
2
8-
$1.25
Washington Gas Light, common
■$4.50
preferred
(quar.)___
$4.25
preferred
(quar.)_
Waterous, Ltd., class A
Wellington Fire Insurance (s-a)
Wellington Mills
:
3.70%
7-21
t25c
$62'Ac
(quar.)
Grocery Co.—
preferred § (quar.)
Railway & Light Securities, com.
4% preferred (quar.)
Rand Mines, Ltd.—
y
8-13
8-16
50c
Oats Co., 6% preferred (quar.)
Quarterly Distribution Shares, Inc. (quar.)_
Power
1
20c
7-15
9-15
$1.25
6
$30c
;
Quaker
Quebec
(quar.i-*-
8-
25c
common
preferred
preferred
8-16
5
8-
$2
Common /:'
Southwestern
6
12-21
7%c
LQi
preferred
Walker
-
7-23*
8-
1-2-49
62'/2c
(s-a)
Warren
•
-
6-30
10-
1
9-20
:
-
7-12
8-16
7-20
8-
$1.20
\—
-
2
10-15
7%
Electric—
&
(quar.)
8-14
50c
______
Redeemable
<
Gas
ftailway Co.
7-31
7-30
Ltd.__
Purity Flour Mills, Ltd.,
Indiana
preferred
non-cum.
8-16
$30c
7-23
1
50c
convertible
Waite
(quar.)
1
10-
;
Common
Ltd.—
Co.,
Southwestern Associated Telephone Co.—
$2.20 preferred
(quar.)
$1.25
(quar. )_____„
Corp.,
Power
50c
4 >A %
preferred (quar.)
Puget Sound Power & Light (quar.)
Punta Alegre Sugar Corp
Purex
■—
Canada
75c
.
Provincial Transport Co., Ltd. (s-a)
Public Service Co. of Colorado, com.
5%
(quar.)
t30c
3.60% preferred (quar.)
of Canada, Ltd., feommon
Co. (quar.)
:
Gamble
&
5
25c
(quar.12Vic
Corp
Edison,
Corp.
"Procter
5%
4.8%
(final)
common
preferred
Common
6,/
Co., Ltd.—
deposit/receipts
Portsmouth
'
lc
,
Water,
8-
62y2C
(quar.)
Virginian Railway, 6%
Vogt Manufacturing Corp.
Vuican Detinning Co.
*
Participating preferred
Philip Morris & Co., Ltd.
$1.31%
;
Virginia Coal & Iron
Virginia Iron Coal & Coke—
5
2c
81'Ac
(resumed)
preferred
Extra
5
25c
Plastic
5%
Holder•
Payable of Rec*
Co.—
(quar.)
Knitting Co.—;
prior preferred (quar.)
prior preferred (quar.)
Vertientes-Camaguey
5
28c
(quar.)
preference
Southern California
1
8-31
5%
Ppwer
preferred
When
Snare
Utility Appliance Corp. (quar.)
Valspar Corp., $4 conv. preferred
Vapor Heating Corp. —
5'% preferred (quar.)
1
9-
37'/2C
preference
California
9-
9-30
:—
Edison, common
convertible
30c
9-30
75C
(quar.)
(quar.)
California
convertible
4.48%
4.56%
10c
31 'Ac
(quar.)
common
"
9-
Peninsula
5V4%
Utica
8-10
9-10
9-
50c
convertible preferred A
Soundview
Pulp Co.
(quar.)
91V4C
:
9-10
50c
.
$1.25
1
7-22
22 V2C
quar.)
Sonotone
1
8-
7-22
2
Extra
3 % %
9
8-
2
5%
9
95c
$1.07'A
$1.10
88-
Carpet—
7-
7-
Per
Name of Company
Upper
1
7-26
Holdert
$1.50
preferred (quar.)
;
4.20%
preferred
(initial quar.)
Solar
Aircraft, 90c preferred
(quar.)
15c
25c
Sons
&
Monday, July 26, .1948
Payable of Rec.
$1.50
7-
2
When
Share
Agricultural Chemical Co.—
Common
(irreg.)
;
6% preferred (quar.)
8-13
8-
$1.25
—
(resumed)——
Name of Company
8-13
9-
CHRONICLE
Smith
7-15
8-31
9-15
$1
^Phillips-Jones Corp.,
C<"Common
7-30
4
50c
*4-,—
(extra)
Co.
7-20
20c
.T*—
Paul, Inc
Phelps-Dodge
25c
FINANCIAL
Holdert
2
26c
Company
Pfaudler
a-
4, 50c
Metals
Permutit
When
,
Share 4 Payable of Rec.
<
Gear Co
Perkins Machine &
COMMERCIAL &
—V.
168,
p.
256.
————
——,
'
716,588
$0.35 4
,
$261,464 % 4
802,464% "
$0.36 A
...
V;
Volume 168
Number .4719
THE
Thew Shovel Co. (& Subs.)—Earnings—
j
6 Months Ended June
Net
30—,
1948
sales
Other
.: /\,'
* *
■"
.
,
Total- Income
of
products
federal taxes
sold
other
734,347
(est.)_
810,306
710,168
$1,280,442
$1,112,009
deprec.
equipment
of
included
income
share
per
plant,
property,
and
139,980
stock
common
3-for-l
split.
tEquals
$7.21
151,982
on
shares
t$2.40
,
outstanding
CONSOLIDATED BALANCE SHEET,
'
1948
$333,889
2,281,204
Cash
_
Inventories
(at
cost
(less
less,
or
of
res.
not
market)
$100,000)
in
,
machinery
and
4,740,243
1947
2,046,052
:
1,861,848
86,037
124,485
'
Total
$11,926,308
LIABILITIES—
Trade accounts payable
and
FederaL
taxes
stock
409,371
500,000
permitted
in
the
$50
a
par
accompanied by a reduction in
reduction in dividend rates was
dividend
outstanding
share
listed
273,300
399,800'
8,055,401
6,367,720
$11,926,308' $9,296,420
Schott.
The
time.
New
York
of
name
(New York
United
Stock
the
Stock
Exchange,
according
firm
Eastern
"Journal of
not
be
to
E.
this
at
holders
G.
Savage, an employee since 1920 and General Sales Manager
1935. has been elected a Vice-President of the
company.—V.
for
have
sale
Corp.—To Buy Its Preferred
Pay 100% Common Stock Div.
voted
of
to
request
preferred
stock
Peoples, President and
Chairman,
stockholders will be notified
tenders, he
tenders
to
the
from
of
the
preferred
corporation,
announced
shortly
such
425,900
$0.32
July
on
terms
stock¬
Wesley J.
Preferred
22.
conditions
and
of
stated.
The directors also authorized
through issuance of one
100%
a
stock,
$13,201,259 $12,264,035 $77,702,800 $73,341,693
CONSOLIDATED
before
stock
additional
31-^
1948
income
store
It
was
Oil
Co.
the
announced
gorda
drilling
on July
15 that this corporation and The Superior
begun operations for the drilling of an offshore well in
have
Gulf
cf
Mexico
about
3V2
miles
Peninsula, Matagorda County,
platform
is
well
is
located
has
iblock^ equivalent to
which
on
and
Tidelands
purchaser,
Texas.
Greens
The
Bayou,
lease
a
sold
agreed
of
each
about
owned
undivided
an
about 1,200
has
block
Superior
to
acres,
to
the
of
one-eighth
a
of
3,770,120
taxes——_—.—_____
The
which
in
this
at
corporate
amount
an
the
on
each
for
common
share
Common
shares
per
cash equal to one-half of
the total cost of
drilling and completing
above well to 7,500 feet.
The other one-half of the cost of
the
will be borne
by Superior.
The three-eighths undivided
interest
retained by Tidelands in the above
lease block is equivalent to
about
3,600 acres.—V. 167, p. 2366.
bankrupt
Debts
been
assets
Cash
and U.
Files With
—
July 19 filed
a
letter
of
notification with the
SEC
covering $150,000
7%
convertible equipment
trust
certificates,
series B, d,ue
Aug. 1, 1351.
Underwriter, Gearhart & Co., New York.
Proceeds will be
for
corporate
On
purposes.
May 3,
offered,
Were
last,
of
The
issue
an
which
par and warrants
sold
were
certificates will be offered at
par.
$150,200 equipment trust certificates
in
Transcontinental
tariff
new
a
will
was
& Western
be
at
filed
and
par
for
amount of $200
of
Reserve
for
and
j
Pierson
little
167,
in
some
than
cases
to
restore
fares
would
stockholders
at
Board,
the
airline
fares
remain
to
ent
annual
meeting
sale
represented at the annual
meeting.
total
investment of
Truax-Traer
World
result
of
The
and
the
2,000,000
no
par.
of
peed
subsidiaries
proposed
stockholders
to
any
its
will
authorized
would
vote
shares
on
of
salaries,
fare
gaso¬
32,757,832 $;
subsidiaries.
products.
The
amount
These
workex-s
of
hour,
about
or
a
wage
increase,
rise,
Mr.
1941
prewar
©per.
exps.. incl.
•Federal taxes
Other taxes
a
$5
29
will
consider
Barge
Co.
company
approved
C.
&
to
Allyn
approval
a
Co.,
of
con¬
the
be
reduced
by
$683,202
as
a
change
in the common stock
from
1,000,000 shares of
par
earnings
contingencies
income
Co.—Earnings-
Prop,
___________
retir.
and
Net
oper.
Gross
Interest
and
ductions
Port,
(net)
income
*
—_
other
$8,738,120
6,163,115
„
1,247,307
income—
Number
After credit
inonths ended
of
$0.70
.
89,219
5,332,244
' 246,835
3,038,762
$0.54
"
$1.66
$1.22
$1,583,000 for reduction in income taxes for the 12
1948 arising from nonrecurring deductions of
on redemption of 3%
series bonds. '
March 31,
Period End. Mar. 31—
Oper. revs.—natural gas
I'otal oper. rev. deduct.
Net
'
oper.
Ural gas
Other
income
Gross
rev.—nat-
—I-v—
(net)____
income
Jjet interest
deductions
and
,
1
Net income
6,072,541
•
->*
$1,910,559
3,238,552
$5,149,111
/
■
$2,535,579
2,475,754
15,719,282
11,241,940
$4,069,536 $19,470,775 $13,777,519
$4,319,924
>~V. 167, p;<? 1089.
735,646
4,704,837
2,918,686
$3,333,890 $14,765,938 $10,858,833
400,000
$2.48
400,000
$2.21
400,000
shares
outstanding
share
per
$0.53
' ;
.
,
1948
$477,643
_______
—
.
Earnings per common share
—V. 167, p. 1198.
$Lp»v.'
,,
West Penn Electric
Of
for
different
granting
to
output
ended
of
I
Co.—Weekly Output-
electric
the
properties
this
of
for
company
the
July 17, 1948 totaled 100.562,000 kwh., an increase of
the output of 96,656,000 kwh. for the corresponding week
over
1947.—V. 168, p. 292.
an¬
Western Maryland Ry.—Bids for
The
of
Equipments—
'will
receive bids to be opened July 28 for the sale
equipment trust certificates.
The
certificates, to be
company
$5,300,000
dated Aug. 15,
V, 168, p. 90.
will
1948,
mature
in
10
equal
instalments.—
annual
steel
}
an
Western Pacific RR.
(& Subs.)—Earnings-—
V"
»
Railway
Railway
70,000
556,944
$586,643
$914,761
207,300
414.600
$2.21
BALANCE
Mav 18,'47
(net
809.630
receivable
953,682,
Other
1,314,838
Misc.
2,254,947 '
(net)
2,753,092 '
Fixed
408,073
371,330
■
17,695
$8,989,355
$137,328
$249,218
70,000
LIABILITIES—
Reserve
for
payable
contingencies
100,000
234,516
miscellaneous
no
par
443,040
207,300
.
Capital stock (414,600
Capital surplus
shares)
5,182,500
$8,989,355
167, p. 476.
new
share
share
for
will be added to
ten
6 are given the right
additional common shares
to
subscribe
in
ratio
p.
10.
of
at
one
other
smelting
Depreciation
oper.
Gross
Other
$1,919,724
1,584,536
fr.
Net
28,451
current
617,246
74,892
687,457
9,107,305
509,307
93,063
2,411,786
1 304,703
9,616,612
419,644
487,825
2,283,982
2,512,452
$1,923,961
*$979,279
$7,104,160
J9rl,868
9,579
4,181 550
J9r52,887
inc.__
(net)__
25,000
—
23,691
inc._
net
transf'd
1,933,540
560,000
$3,227,271
$7,051,273
1,160,000
1,802,000
$1,373,540
$2,067,271
$5,249,273
to
$384,344
168, p. 194.
29,511
22,611
110,000
140,000
26,742
—
'
,
\
.
Westvaco Chemical Corp.—Proposed Consolidation—
46,149
$330,428
taxes
*$328,449
4,000
.
34,291
income
2,336,894
75,483
*"$332,449
inc.
-Deficit.—V.
Federal
-
78,436.088 .?•79,631,685
$303,905
sold.
•
reserve
1948—5 Mos.—1947
17,580
__
inc,__
The stockholders
for
$434,521.
17,062,198
income
Net
1,118,118
30,300
$306,737
reserve
income
Inventory
$426,338
16,149,891
income.
ord.
Deduct'n from
charges
Reserve
299,932
$1,452,323
income
Total
Other
108,339
226,315
$16,167,471 $19,399,092 $79,053,334 $88,738,990
revenues
ordinary
Deduct'n
1947
and
admin, and corporate expenses-
securities
1,312.036
.
1948—Month—1947
Operating revenues
Operating expenses
Delayed income
Operating' profit
on
$276,666
52,698
44,899
Proceeds
1948
factory operations—.
Costs and gen.
325,212
$842,788
contingent charges, i.e. capital fund, interest
mortgage 4'/a% income bonds, sinking fund
194;
Co.—Earnings—
Quarter Ended .March 31—
Sale
of
products of detinning,
693,986
$1,964,689
Western Union Telegraph Co.—Earnings—
Extraord.
Vulcan Detinning
47,490
$374,263
-$326,581
Rights expire Aug.
working capital.—V. 168,
for
general
on
Noncommunication
July
shares held.
$517,579
Ordinary income—
Corp.—Rights-
42,800
for each
available
Period End. May 31—
Net
$7.50 per
461,463
$1,270,703
and
other
corporate purposes,
tlncome
taxes
are
accrued
on
a
consolidated return basis. The deductions from taxable income for
net
losses
of
subsidiary companies reduce taxable income to such an
extent no greater
accrual than is shown is necessary to
date.—V.
168, p. 90.
4,803,436
$9,523,595
Total
ihc.
income^
requirements
832,411
3,661,951
record
,308,752
....
$370,094
from
charges
*Amount
2,591,250
.
surplus
of
$326,773
9,720
120,097
deduct,
::'Net
17,695
$9,523,595
Accrued and reserves,
Dividend payable
$979,039
709,410'
$586,879
171,643
45,137
income
2,731,441
subsidiary cos., cost
Total
income
Total
3,148,689
assets
accounts
$1,659,455
111,654
Dr)
$991,329
804.198
ob'ieations
Current
$438,427
57,923
$2,135,273
SHEET
May 23/48
Investments in foreign
437,104b
$466,782
$1.51
assets
$111,915
469,151
178,625
200.000
$1.41
Fixed
85/781
tax
other
100,000
414 600
accounts
716.147
$302,580
414,600
share
and
$2,956,668
147,055
$524,705
oper..,
$671,263
97,422
ry.
$845,159
144,407
Income
All
Inventories
-V.
expenses
fr.
rev.
Railway tax accruals—
185,385
shares
Govt,
Earned
Net
revenues
oper.
oper.
Payroll
$1,936,311
S:
and Tidewater Southern Ry. Co.)
1948—Month—1947
1948—5 Mos.—1947.
$3,751,986
$3,457,887 $16,924,591 $15,714,520
2,906,827
2,786,624
13,967,923
13,579,247
.
of
the
merger
which
on
upon
the
adoption
merger, dated July 6,
1948, providing for the
into Food Machinery Corp.
(the name'of
changed to Food Machinery & Chemical Corp.), a
this
will
Sept. 2 will consider and vote
of
agreement
of
corporation
be
Delaware corporation.
Only stockholders
Net income for period—to surplus
paid on common stock
$190,917
on
preferred
stock
$194,991
48,387
48,387
22,834
22,834
$119,696
$123,770
161.290
32,258
of record on the books of the Westvaco
Corp. at
on
July 16, 1948, are entitled to notice of and
meeting or any adjournment or adjournments thereof.
The transfer books will not be closed.
.1
the
to
close
vote
for
period
Common
shares
per
outstanding
common
share
CONDENSED
$1.04
SHEET, MARCH 31,
$5.33
.
ASSETS—Cash, $1,845,162; marketable securities
quotations,
inventories,
$1,677,500),
$1,461,956;
at
market
accounts
receivable,
$361,136;
$1,924,546; other investments, $184,533; plant and equip¬
ment
(less depreciation, amortization and obsolescence
reserves,
$3,690,776), $893,450; processes and intangible assets, .including goodwill—
as valued at acquisition
dates—(less subsequent writp-dewns to Mai'ch
31, 1948), $600,000; deferred charges and prepaid
total, $7,234,394.
/
merger
expenses,- $23,611;
"--h,
•
agreement
.
Corp.
for
Westvaco
1948
(amount
business
the
also
provides for
the
conversion
of
(he out¬
standing shares of Westvaco into shares of Food Machinery & Chem¬
ical
Corp. on the following basis; One share of stock of a
newly
created series (3%% cumulative preferred stock) of Food
Machinery Sc
Chemical
BALANCE
of
at
,
The
Surplus
•
$3,751,493
1946;
$213,164
EARNINGS FOR THE QUARTER ENDED MARCH 31,
new
of
Earnings
-
$1,593,782
1947
$885,176
Net profit after charges and income taxes—
Comixion shares outstanding-
4.04%
per
Dividend
other
829,187
^
1948—-12 Mos.—1947
$6,845,818 $18,308,539 $15,499,304
5,252,036
14,557,046
12,963,725
1948
$993,010
Fed¬
i.
Period End. May 31—
Dividend
(COMPANY ONLY)
1948—3 Mos.—1947
$7,983,100
the
239,373
$5,717,667 $17,668,790 $12,956,418
premium and expense
INCOME STATEMENT
varies
341,107
CONSOLIDATED
Profit
772,034
$7,441,190
share
10,679,278
$6,578,920 $23,247,869 $16,234,553
:
64,809
per
10,638,850
4,555,077
$6,569,520 $22,753,540 $15,738,938
9,400
494,329
495,615
$8,753,306
de-
to min. int.
Consol. net
Earnings
29,694,044
7,571,710
5,362,395
3,140,633
15,186
(net)
applic.
1,545,809
35,518,631
2,980,099
1,327,225
2,761,898
revenues-
Other income
8,397,255
deplet.
reserve approps.
i
$22,414,732 $81,845,126 $66,830,452
10,309,323
3,851,141
April 30—
charges and
after
taxes
Power
100,000
taxes
suxplus
Dividends paid
stockholders
1948—12 Mos.—1947
9,891,862
Webster-Chicago Corp.—Earnings—
have
May 18, '47 May 19, '46
$1,027,750
$1,541,705
$487,965
Inc.,
holders
profit
Capital
Mav 23, '48
Provision for
Federal
Other
a
'
2,000,000
11,833,260
2584.
creditors.
Assets
averaging approximately 13 cents
July 16, 1948.—V. 167, p. 2795.
Jan. 1 to—
U.
Central
1948—3 Mos.-—1947
$27,206,291
taxes.
followed
ASSETS—
United Gas Corp. (& Subs.)—Earnings—
revenues
price
increase
Veeder-Root Inc.—Earnings—
level,
management states it has no present intention of
issuing
additional shares, which will be reserved
for any future
may arise.—V. 168, p. 256.
Period End. Mar. 31—
price
111,437,343
1,300,000
(Incl. Sacramento Northern Ry.
168,- p. 256.
July
on
of
in
The
Operating
in
9%. effective
Victor Products
J
the
of
advances
32,834,912
11,834,029
i
contingencies
p.
Earnings
made
increases would
the
that
satisfy
said.
average
Balance
sale.
also
to
Airline.
Barge company is
31,253,350.
As of April
30, 1948, according to the proxy statement,
the book value of the coal
company'-s investment in the barge com¬
pany was $2,121,540.
On a consolidated basis, the earned
surplus of
Truax-Traer
an
20,418,574
-
_*
Waukesha Motor
below
company's common stock pres¬
or
•te The
ton
a
Cash
of
the
large company to A.
Corp. and six individuals, subject
majority of the shares of the coal
a
the
lower.—V.
Schrorock
cf
cash
average price reduction of about
by those subsidiaries last April, and in addition in¬
increase of approximately $8.09
a
ton, or about
9.6%, in the base prices for major steel products then
quoted by these
$103 910.
Sell Unit—
the
for
of
on July 21 announced
Aeronautics Board in¬
Civil
sale of the
outstanding capital stock
Subsidiary, for $1,500,000 cash.
>.vj On June 25 the directors of the parent
tract
to
July 21, new prices at mills or shipping points were
by the corporation's steel-producing subsidiaries. These
embrace a restoration of the
Notes
their
assets
the
of
nounced
Air, Inc.—Seeks Fare Rise
that the proposed
Truax-Traer Coal Co.—To
The
convert
13,670,094 ^
18,278,749
—V. 166, p. 1934.
United States Steel
Corp.—Wages and Prices Up—
Earned
pointed out, however,
more
$76,310
total
a
fares by 10%
on
domestic routes of Trans
Eifective date would be Sept. 1.
Sharply rising costs in labor and supplies,
including
line, oil and
equipment, have forced the need for a
Pierson said.
Mr.
will
11,031.657
—
—
assets
liabilities
—V.
1947
$42,644,401 $41,313,317
securities
Govt,
Current
week
withdrawn.—V. 167, p. 2140,
creasing
do
prices of electrical wire
to 13%
to offset rising
89.
(Including Subsidiary, Hoio-Krome Screw •'Co*p.-L
the
with
that
p.
Freeman,, Referee in Bankruptcy, said the trustee
Consolidated
Warren Lee Pierson, Chairman
that
sold
were
The balance of the
offering ($46,290)
j
promissory note and the balance
of
$27,400
168,
total
clude
$1.59
——
;
S.
Current
167;, p. 1263.
$1.25
on
pay a $39,600
announced
immediately 6%
materials.—V.
approximately $3,500,000, Mr. Freeman
appraised at $225,000 to $400,000.—V.
prices
to
July 14
increased
properly
1,292,485
—
share
Inventories
eral
Effective
Trans Caribbean Air Cargo
Lines, Inc.
SEC—
used
P.
1,292,485
$1.66
outstanding
common
1,405,009
$2,185,326
1948
Total
Net
of Sunnyside Mining and
Milling Co., a subsidiary
66.66% owned, was scheduled to be sold at
public auction
Colo., on July 15.
Francis
the
company
on
be
and
1,500,000
now
property
was
Denver,
veil
T^e
will
labor
-
3,590,326
$2,270,120
Net profit
United States Smelting,
Refining & Mining Co.—Mine
Goes on Block—
which
interest
responsible
very
company
cable
costs
one-half
in
acres
undivided
therefor to Tidelands
pay
in
9,600
an
and
Mata¬
construction
completion, and it is expected that the
in before the end of July, the statement said.
Tidelands
Interest.
of
nearing
Ve2Lwil* be spudded
The
originally
south
1947
$82,248,228 $79,577,928
Earned surplus
dividend
share
United States Rubber Co.—Wire
Prices Up—
The
STATEMENT
EARNINGS
income taxes-——.—
Federal and State income
outstanding to holders of record Aug. 10,
1948, Mr. Peoples announced.
This, in effect, is a two-for-one
split-up.—V. 168, p. 89.
Tidelands Oil Corp.—Drilling Offshore Well—
$0.40
7 j
1948—6 Mos.—1947
1948—Month—1947
Sales
Nine Mos. Ended
j
$0.31
Radiator
Tender—To
directors
;—
Walgreen Co.—June Sales Increased 7.6%—
Period End. June 30—
Walter
revealed
1940
$4,709,60?
172,77a
425,900
—V. 166, p. 1629.
Earnings
could
Commerce.")
1947
133,374 j
425,900
STATEMENT OF SELECTED BALANCE SHEET ITEMS, MARCH 31
States
by
The
|| New Vice-President—
2072.
the
on
general,
$4,855,025
1948
136,918
shares
per
in
total, $7,294,394.—V. 167,
$4,925,648
profit after ail charges
Earned
dividend®
governmental
$513,373;
7% cumulative preferred stock
($20 par), $3,225,800;
capital
and
Subs.)—Earnings—
sales
Common
$424,447;
other
and
taxes
$142,206;
reserve,
Waldorf System Inc. (&
Profit
The
is
accruals,
and
income
contingencies
Quarter Ended March 31—
Total
Net sales and other
directors
and
stockholders of this company
and of Skinner
Engine Co. have approved a
merger with an Eastern firm whose stock
500,000
outstanding
f Total
p.
reduction
was
payable
for
for
reserve
marketable securities
Net
Payment Plan,
32%
a
in
U. S. Air Compressor
Co.—Merger—
1,124,207
574,416
Common capital stop: and surrtlus
Since
Partial
as
This
reduction
a
plan.
$512,783;
($20 par),
$1,304,800; common stock
surplus, $65,466; earned surplus, $1,082,684;
p. 2367.
$495,322
1,698,480
liabilities
Reserve for contingencies
Preferred
$9,296,420
$824,711
Other
167,
made
charges,
6 Months Ended March
reserve)
Don
the
as
be
stock.
by $1.20 and
rates.
Although this
effective Oct. 1,
1945, the cash distributions began Jan. 29, 1947.
The plan also
provides a $5 cash payment to holders of the
373,000
outstanding shares of common stock. All payments are to be made out
of proceeds from the
recent sale of UPU's subsidiaries in Ohio.—V.
167,
p. 2694.
(less
equip,
Cther'assets
Local
the
to
boosted
adjusting
previous
a
be
of
means
a
LIABILITIES—Accounts
payable, $22,834; reserve
-
49
(389)
of
excess
_______________
buildings,
$1,188,268
1,381,576
6,679,126
,
.Trade accounts receivable
'
JUNE 30
.
CHRONICLE
outstanding.
are
payments to
as
under
plan, known
payment
the preferred
series
these
permitted
earlier
of
of'both
require
respectively,
rates
partial
value
shares
would
share,
made
ASSETS—
}
148,920
SEC
a
This
$16
$2.78
1947.
Land,
of
$1.10
121,098
(basis
FINANCIAL
The SEC announced
July 16 that It would approve a plan for the re¬
tirement of corporation's
preferred stocks if the company would raise
the cash distribution to
holders by $171,751.
\
The plan as, it now stands
propo§es a payment of $43.15 a share to
holders of-the UPU $3
preferred and $42.3875 a share for holders of
the $2.75
preferred, plus dividends accruing after Jan. 1, 1948.
A
total
dividend
above
shares)
"■After
v
&
United Public Utilities
Corp.—SEC Asks More Cash
for Preferred Holders—
The
profit
provision for
In
8,878,659
1,112,352
expenses
Net
-455,946
■
13,333,267
and
income
on
■
$16,536,367 $11,435,183
--
CeUing.i; administrative,
♦Net
.
_
\'i'
Cost
1947
$16,536,367 $11,424,607
10,576
COMMERCIAL
and
114
Chemical
Corp.
ical
each
share
shares
for
each
of
share
of
$3.75
common
of
cumulative
stock
common
of
stock
preferred
Food
of
stock
of
Machinery
Ax
Westvaco
Chem¬
Corp.
The regular dividend will be paid on Westvaco's common stock on
1.
Subject to the merger becoming effective, stockholders will
thereafter receive dividends as declared
by Food Machinery & Chemical
Sept.
Corp.'
The
the
V/Vaffirmative
total number
vote
of
of
shares
the
of
S-'Y
stockholders
the
'W:-V
representing two-thirds of
outstanding capital stock of West-
affirmative
Quarter Ended March 31—
preferred
Profit
taxes-—
203,23If V:
V::
taxeS—i
Roeouck
,
Earnings
$306,798
298,898
298,338'
$0.89
$1.03
outstanding
share
shares
Capital
—V.
$264,866
income
Net
Co: with the intent
.purpose
and imposing" upon the P^mic
certain of its merchandise oi.g rates -or has some connection'with the plaintiff ana with trie purpos
of trading upon
the reputation and good w.ll of Zenith copied, imi¬
tated and appropriated the design of Zenith's famous Cobra tone arm.
The,suit charges;Sears, Roebuck &
unfairly competing' with Zenith
deceiving it into the belief that
per
and
165, p. 381.
Co.,
Insurance
Phila.—Proposed
Rhode
Island
Insurance
above.—V.
Co.
Wisconsin Hydro Electric
Net
6.631
5,«90
33,821
.31,421
30,486
25,924
18,000
26,490
$40,766
$58,878
stock, $100. par value, and 3;000,000 shares of common stock, $10 par
value.
Of the 250,000 shares of cumulative preferred stock, 70,000
thereof shall constitute a series designated "314% cumulative
(convertible
preferred
stock," and 122,030 shares shall constitute a
'-series designated ','3s/4% cumulative preferred stock."
of Additional
Common Stock by Food
ll chinery Corp.—
.
.
the
all
outstanding
has been
1910,
selling
set-up
arm
llb>i»05
•
-
18,545
29,716
$29,161
Chicago—Earnings-^
29,644
$22,221
Zonolite Co.,:
;
$39,106
income
167, p. 2073..
paper
engaged in
box
making
July 19 filed a registration statement with, the
covering $5,250,000 first mortgage bonds, series due Aug. 1, 1978.
names
of the
underwriters will be determined by competitive
SEC
Ma¬
The
company
for the acquisition
loans
from
before
Profit
Federal
Net
(& Subs.)—Earnings—
11948
(Alan) Wood Steel Co.
3 Months Ended March 31—
sales
Net
and
taxes
Total sales
^.plement and round out its packaging machinery business which has
^heretofore been limited to bpxmaklng, lidding, nailing >and strapping
machinery.
The contract of purchase, whether of stock or assets, will
provide for appropriate warranties of certain inventory values and
against undisclosed tax and uther liabilities.
Pood Machinery- Corp.
will issue 65,000 shares of its authorized but unissued. common stock
In/payment for the stock or assets to be so acquired.
Upon consum¬
mation of this transaction, the issuance of the 65,000 shares of common
stock will be authorized by the directors of Pood Machinery Corp.
without action by the stockholders.
This Proxy Statement does not
solicit stockholders' authorization for, or approval of, this transaction
or
the issuance of such shares of common stock.
Such acquisition
may be consummated either before or after the effective date of the
•agreement of merger.
Directors of Food Machinery Corpi, in - ac¬
cordance with the provisions relating to the conversion rights of the
2V*% cumulative convertible preferred stock, have determined that the
fail: value of the consideration to be received upon such issuance,"pf
said 65,000 shares of common stock is such that no adjustment in" the
conversion price of" the common stock applicable to " the 314 %
cumu¬
lative convertible preferred stock will result, whether such acquisition
be
consummated before or after the effective date of the merger.
"Food Machinery Corp; will not issue any other shares of its common
"stock prior to the' consummation* of the merger except shares of
common stock, if any,
issued upon conversion of the 314% cumulative
convertible preferred stock.—V. 163, p. 194.
Employee
and
revenue
——
$8,722,358
costs
Federal
Net
and
cum.
31,000
$491,593'
89,78o
___!
89,223
pfd. stock—
cum;
$10'par
new
on
com.
U.
market
.
I
earnings
$1,190,731
income
Depreciation charges
charges
229,544
71,437
Federal
taxes—
1948
—
$110,602
,
at cost (approx. market)
receivable,, (net)—— ^
affiliated
in
profit
Shares
Earnings
share
per
"Loss.—V.
167, p.
171,119
associated com-
cost.
accounts
f——-
receivable from officers
■s'f.Vlik';.
Total
$1.24
> $1.14
Maricopa County School District
No. 68 (P. O. Phoenix), Ariz.
Bond
Offering
—
James
E.
DeSouza, Clerk of Board of Su¬
pervisors, will receive sealed bids
until 2 p.m. (MST) on Aug. 16 for
the purchase of $143,000 not to
exceed 4% interest school coupon
bonds.
Dated Jan.
1948.
De¬
nomination $1,000. Due on July 1,
as
follows: $6,000 from 1949 to
1,
1954; $8,000 in 1955; $5,000 from
1956 to 1958; $6,000 in 1959 and
Crossett School
Ashley County (P.
Crossett), Ark.
Sale
Bond
school
at cost,
.
of
interest
to
be
paid.
The $320,000 3%
Sons,
both
of Little Rock,
Bensdord
Herman
&
$1,655,289
" 2,308
accounts
and
.
from
inclusive.
CALIFORNIA
.
,
$1,619,517
$71,904
payable__i_
and
Accrued
state
221,194
local
18,567
9,360
—-
—
———
'17,545
.
.
..
!
4,095
'
income,, estimated (net).
(par value $1 per share)
H
984.112
111,850
45,5p0
2,034
13,700
984,U2
103,800
surplus
Capital
6,723
•-
51,000
on
stock
Common
29,089
taxes——
royalties.
$96,327
13,432
*
■v
payable^—1—
wages
taxes
Accrued
$1,657,597
151,471
i
111,850
;■
surplus
(since April
1,
635; 190
328,205
$2,018,967
Earned
$1,619,517
1941)_
1,149,123
$287,280
♦$742,771
486,656
.486,656
at a spec'al meeting the name
to Zonolite Co. from its former title .vf
NOTE—By action of the stockholders
..
the
of
$0.59
Nil
f ;
company
was
changed
U^n'f>r;al Zonpl!»e Imn'ation
Co. as qf Jan. 1.
j
}
1'48.—V. 157. p. 2474.
NEGOTIATIONS
Angeles
O. Los Angeles),
Sale—The $260,000
build¬
Due
1949
Aug; 1,
1968 inclusive. The
serially
to
on
bidder was
Cal¬
Los Angeles, and
Webber, Jackson & Cur¬
next
highest
ifornia Bank,
Paine,
_
tis, jointly, for 3s, at 100.776,
serially
Due
to
1949
June
on
1,
Orrick, DahlBrown & Herring-
quist,
ton, of
Monterey Park, Calif.
Offering
—
Arthur
from
1967 inclusive. Approved
legality
to
as
ing bonds offered on July 20 —
v.
168, p. 293—were purchased
by the Bank of America Nation¬
al Trust & Savings Association,
as
3s, at a price of 101.626, a
basis of 2.793%.' Dated Aug. 1,
of
jointly, at par. Dated
July 1, 1948. Due serially on Jan.
i;8,264
$2,018,967
payable——^.—
Employees! income tax withheld—
♦$591,300
Calif.
1948.
Memphis,
1, from 1949 to 1973
County (P.
and
Co.,
:S1.073(l ,
20,553 v
%
828,654
.
-',"58^51
CITY DEPARTMENT
Bond
building bonds offered on
1960, and $9,000 from 1961 to 1968,
inclusive. All bids must state
rate
—
O;
July 19 — v. 168, p. 91 — were
purchased by the Southern Se¬
curities
Corp., J.
T. Raney &
all
the
District No. 52,
21,585
,
.ON
Hawthorne Sch. Dist. Los
ARKANSAS
^•^363 '
:
l,ip92.01i(
^
—
Payroll
1945
♦$593,098
.1,798
$556,355 '
BOND PROPOSALS AND
ARIZONA
■
11,217
1.1,448
■
■
less amortPrepaid insurance, rent, and taxes_^
Patents and trade-marks,
>37,280
.39,351
.Miscellaneousrewivablesand.sundryassets-'-w,
PEQjjierty, plant- .and equipment (net)--s.wJ.^u-^-.,
26,298
2474.
STATE AND
.
Sr71',628.
,
LIABILITIES—
1946
486,656
-
.
•.~
302,894
486,656
outstanding
.
:
116,000
;
cQStpr
average
and
Total
Net
Wheeling Steel Corp.—Definitive Bonds Ready—
Irving Trust Co.,. One "Wall Street, New York, N. Y., is prepared
to exchange definitive first mortgage sinking fund 3'/4%
bonds, due
July 1, 1967. for outstanding temporary bonds.—V. 166, p. 2317.
The
278,966
,
$101,772 v
•
..74 993
,
.
and
employees.._i—W—^4-r-—
Salaries
$1,083,158
197,611
$603,102
income
.n-rrri'
1947
•
...
.
j
at rthe lpwer' of
panies,- .at
.
1947
$1,082,665
" 493
286,648
Interest
SHEET, MARCH 31^v'
— ——
—
Federal taxes
Total
49,206
common
1948
$1,189,715
1,916
from oper.
$219,689
49,206
$356,100'
,—..—-
Notes and
Trade
Interest received
94,657
share)
.
accounts
Investments
Yale & Towne Manufacturing Co.fQuarter End. Mar. 31—
per
Govt. securities,
S.
Inventories;
,
54,458
pfd. /stock
stock
.120,915
stock—
$1.21
preferred dividend requirement.—V. 167, p". 158.
declared
"Earned per share new $10 par
Net
91,814
-——,—
($0.05
paid
i<-
Trade
338,000
45,000
Dividends declared oil new 5%
After 5%
1240,899
$672,110
tax
income
Dividends declared on old 7%
*
5,314,541
485,000: •:
-
income •_
Dividends
.
332,429
68,548
4
tax
income
Pennsylvania
-
7,176,326
services
and
Depreciation
$314,346
^
profit
Cash-
2,251,867
2,610,283
______
purchased—
depletion
^
Taxes, other than social security and inc. taxes
Materials
taxes. On income
income (est.»
ASSETS—
$8,697,772
24,586
this acquisition it^will com-
38,657
$5-47,914
on
BALANCE
$11,3«9,696
other income—
22,264
1947
$11,372,954.
16,742
operating revenue
Interest, rentals and
$353,003
./$470,178
(
bank
Proceeds will be used to repay $4,600,000 of short-term
and for construction.—V. 167, pp. 2474, 2367.
Dividends
manufacturing and
filling and sealing
substantially all of
commodities. Pood
engaged In this manufacturing
expenses——
.
on
corporation which,
the business of
machinery and
general
operations—
Other deduct,Ons, less other income—
With SEC
Wisconsin Public Service Corp.-—Registers
The
and
Administrative
-
bidding.
has completed negotiations
capital stock or assets of a
Machinery • Corp. has not heretofore
Jine and the management believes 'that by
-
Vnfair,■;
90.
suit is based.^V. 16^ p.
-competition upon, which the
r
doing,
for sale by Sears", RoebuckV&;"Gd:;and that b.^ so
andInternational Detroia.'.have contributed to the
offered
"Colonial
Profit
machinery for both rigid and nonrigid containers,
which Is used in the filling and packaging of dry
-
arm.
that Colonial Radio Corp. and .JnternationaI
manufactured and are manufacturing tne tope
charges
have
Corp.
$68,750
earnings
Net
—V.
-
.
Pood Machinery Corp.
since
also
tone
or
-,
21,673
10,500
-
taxes.
Total. deductions
.
$269,896
$305,713
iba,d56
■
Federal income
and
Detroia
10,397
____
Depreciation
pickup
suit
The
1946"
$326,005
198,635
.
i
arm
,
"Cobra"
31,885
earnings:•
Maintenance '
State
1618.
1947
1948
Operation
General; taxes
p.
Co.—Earnings^-
Quarters Ended March SiGross
163,
tne
sold by Sears, Roebuck is the Cobra ma")v
factured and sold by Zenith, or is in some way sponsored or connected
with Zenith, and that Sears, Roebuck has at times actually expressly
represented to the public that its said phonograph pickup arm
pickup
phonograph
Merger—
See
deceive
charges that Sears' act.ons are calculated #to
purchasing, public into the erroneous bel .ei that
also
mislead' the
fcr
vshares
of
suit
The
Fire
Penn
William
corporation
surviving
3,250,000 shares, divided
Issuance
co.,
oi
chaig.r.g
254,879
Competition—
Corp.—Charges Unfair
has just filed suit in Federal Court against
International Detro.a Corp., and Colonial ..Racnoycorp.,
them with unfair competition.
corporation
This
.
of
this program.
shall have an authorized capital stock
into 250,000 shares of cumulative preferred
,
before income
Income
phosphate rock and soda ash (trona) deposits in Idaho and Wyoming.
It *is
expected that these operations, when completed, should con¬
tribute
substantial earnings not
presently available.
This program
'will require funds that in the opinion of the management would have
to
be laised through
the sale of large amounts of common stock.
The merger should result in the immediate availability of the funds
.(estimated to be at least $5,000,000) nectssary for the furtherance of
The
1948- '
'" 1947 f
$4,620,061 38$4,938,592
y, 468,097 -l » 561,677
*
sales
Net
.
of
Zenith Radio
(S. S,) White Dental Mfg. Co. (& Subs.)-—EarningSrr-
($3.75 cumulative preferred stock and common stock) and "the
vote of a majority of the outstanding $3.75 cumulative
stock, voting as a class, are required for the adoption by
"Westvaco of the merger agreement."
:
,>
: ,
William B. Thorn, President, on July 16 said in part:
;
Westvaco has long been established in the basic chemical industry
and is one of the principal producers of industrial chemicals in./ the ;
United States.
Its products include a diversified group of organic
and inorganic chemicals and certain mineral products which are sold
to & wide group of manufacturing industries.
Pood Machinery Corp., in addition to being a substantial user of
-certain basic chemical materials of the type manufactured, by Westvaco, enjoys broad
distribution outlets in the .insecticide, fungicide,
food processing and agricultural industries through its Niagara Chem¬
ical Division and other divisions.
These factors should contribute
substantially to an expended and more stable market for a pumber
of
Westvaco's - products .and, coupled with Westvaco's strategic raw
material position, should afford new possibilities to the merged com¬
pany in'the agricultural chemical field. >1.
.i
West^aco'now has an extensive program for the exploitation of large
<vaco
26,1948
Monday* July
>
CHRONICLE
FINANCIAL
&
COMMERCIAL
THE
(390)
50
by
Neff,
San Francisco.
for
26
Bond
Sale
struction
20—v.
—
bonds
168.
p.
The $60,000 con¬
offered on July
195—were pur¬
& Co., of San
Francisco, at a price of 100.033, a
net interest cost of 1.386%, as fol¬
not
Savings Time) on July
purchase of $370,000
4% interest bonds,
$45,000 as IV2S, maturing on
1, from 1949 to 1951, and
$15,000 as iy4s, maturing April 1,
1952. The bonds are dated April
April
the
to exceed
divided
as
follows:
$250,000 water works bonds. Due
*$10,000 on June 1, from 1949
1973
to
inclusive.
improvement
municipal
120,000
chased by Weeden
lows:
W. j
Langley, City Clerk, wall receive
sealed bids until 7:30 p.m. (Calif.
Daylight
Sch. Dist.,
San Mateo County (P. O.
Redwood City), Calif.
Menlo Park Elementary
>
Bond
bonds. Due
on
June 1, as fol¬
$5,000 from 1949 to 1958,
and $10,000 from 1959 to 1965
inclusive.
Dated June 1, 1948. Denomina¬
lows:
.
..
tion $1,000. Principal and interest
Indio School District, Riverside
School Districts
(J-D)
payable at the County
County (P. O. Riverside),
Fresno), Calif.
1, 1948.
Treasurer's office. Rate of interest
quired to furnish and pay for the
Bond Sale—The $116,000 build¬
must be in multiples of % of 1%.
printing of the bonds. A certified
Monrovia City School District, Los
Bond Offering—G. A. Pequeging bonds offered on July 13—
check for 5% of the total amount
The premium, if any, and the in¬
Angeles County (P. O. Los
nat, County Clerk, will receive
of the bid, payable to the County v. 168, p. 91—were purchased by.
terest rate or rates on each issue
*
: i
Angeles), Calif.
the Security First National Bank sealed bids until 10 a.m. (Calif.
of said bonds must be separately
Treasurer, is required.
Bond Offering — Earl
Lippold,
Daylight Savings Time) on Aug. 2
of Los Angeles, as follows:
stated. Not more than two interest
for the purchase of $100,000 not County -Clerk, will receive sealed
Safford High tSch. Dist., Graham
rates may be bid on each issue of
$76,000 Kerman School District
to
exceed
5%
interest
school bids until 10 a.m. (Calif. Daylight
County (P. O. Safford), Ariz.
bonds, at a price of 100.076,
bonds but the rates bid on one
bonds. Dated
Sept. 1, 1948. De¬ Savings Time) on July 27 for
Bond Sale—The $275,000 school
a net interest
cost of 2.602%,
issue may differ from the rates
nomination $1,000. Due $5,000 on the purchase of $425,000 not to
-bonds offered on July 13—v. 168,
for $56,000 as 2V2S, maturing
bid on the other issue, Np j bid
Sept. 1, from 1950 to 1969 inclu¬ exceed 5% interest school bonds*
on Aug. 1, from 1949 to 1963,
p. 91—were purchased by Henry
which specifies more than two in- J
sive. Principal and interest (M-S)
Dahlberg & Co. of Tucson, Ken¬
and $20,000 as 23/4s, maturing
Dated Aug. 1, 1948. Denomination terest rates on an issue will be j
payable at the County Treasurer's
neth A. Ellis & Co. and Kirby L.
from 1964 to 1968, all inclu¬
considered. The opinion of O'Meloffice. A certified check for 5% of $1,000. Due on Aug. 1, as follows:
Vidrine & ;Co., both of Phoenix,
sive. Dated July 1, 1948.
veny & Myers, of Los AngeltesJ :
the bonds bid for, payable to the
jointly, at a net interest cost of
40,000
Clovis
School
District Chairman of Board of Super¬ $25,000 from 1949 !to 1953, and will be furnished the successful
3.05%, as follows: $21,000 as l%s,
bonds, at a price of 100.29, as
$20,000 from 1954 to 1968, all in¬ bidder. A certified check for. 3 %! j
visor is required.
maturing on July 1, 1949 and
2%s. Dated July 1, 1947. Due
clusive. Bidders to name a single of the bonds bid' for, payable, toi \
1950; $22,000 as 2s, maturing in
serially on July 1, from 1953 Klamath Union Elementary School
the City, is required.
;
jl l
I
rate
of interest for all of the
The successful bidder will
be
re¬
Fresno
County
(P. O.
.
as 2V4s,
to 1959 inclusive.
1954; $38,The next highest bidders were
000 as 2V2S, maturing from 1955
Weeden
&
Co., for $52,COO as
to 1957; $86,000 as 23/4s, maturing
from 1958 to 1963, and $84,000 as 23/4s, and $24,000 as 3s, at par, and
3s, maturing from 1964 to 1968, all the Bank * of America National
1951
and
1952:
$24,000
maturing in 1953 and
inclusive,.. In addition to the above
coupon^," the entire issue will bear
interest to total 31/s% to July 1,
1957.
Dated July 1, 1948.
Trust & Savings
Association, San
District, Del Norte
County
(P. O. Crescent City),
Sale—An
Bond
136.75
school
chased
recently
America
of
$88,-
able
was
pur¬
fice.
issue
bonds
bonds in a
multiple of V4 of 1%.
(F-A) pay¬
at the County Treasurer's of¬
A certified check for 3% of
Principal and interest
Calif.
by the Bank of
Trust & Sav¬
National
Francisco, for $40,000 as 2V2S, at ings Association, of San Fran¬
cisco, as 5s. Dated June J, 1948.
100.247.
'
the amount
able
of
to
;of Jaonds bid for, pay*
the
Chairman
of Board
SuDervisors, is required.
Sch,
Pacheco
Dist.
County (P. O.
Contra
Sale—The $35,000
Bond
Costa
Martinez), Calif.
buitd
19—v,
purchased by
ing bonds offered on July
.195—were
168,
p.
the
Bank
Trust
San
&
of
National I
oi
price, uf 100.
America
Savings
Association,
Francisco, at a
Vofome 168
14,
dumber: 4719
THE
net interest cost of 3.178%,
$15,000 as 3s, matur¬
ing on Aug. 1, from 1949 to 1958,
Association, as 3s, at a price of
100.253, a basis of 2.95%. Dated
Aug. 1,1948. Due serially on;Aug.
i, from 1949 to 1958 inclusive. The
next highest bidder was the Bank
a
follows:
as
and $20,000 as
3y4s, maturing on
Aug, 1, from 1959 to 1968 incite
sivO.
Dated Aug. 1, 1948.
Due
serially
of America National Trust & Sav¬
ings
Aug. 1, from 1949 to
The next highest
bidder was Weeden & Co., for
$5,000 as 5s, and $30,000 as
3y4s,
1968
at
on
inclusive.
100.022.;
T
Vista
Blyth 8c Co.,William R. Staats
CO., ail of Los Angeles, John Nu-
168,
92—were rejected.
be
date
be
to
(P. O, San
County Sch. Dists,
Calif.
The $30,000 AdeDistrict bonds of¬
were purchased
Bank
•
purchased
San
off
the
by
on
Weeden
Francisco,
100.745, a
Dated Aug.
Aug.
&
Mission
basis
1948.
of
the
of
price
liam
to
Pasadena,
.
Redfield
jointly,
&
bidder was Byrne & Phelps,
Inc., for 1.70s, at 100.079.
Connecticut
Bend
world
of
2y4s, at a
rfcrice of 100.745, a basis of 2.105%.
Dated Aug. 1, 1948. Due
as
Aug. 1, from 1949
clusive. -The
was
next
to
San
of
!
Association,
Francisco, for 2y4s, at 100.592.
Union
High
Sch.
exceed
interest
building
The
;
inclusive.
$16,000
A
•'
San
r:-.
certified
to
check
the
E.
fered
were
for
*
O.
bidder
the amount
of
bids
until
P.
will
2
p.m.
-
Britain,
Conn.
on
Co., and Glore For& Co., both of New York, as
1.60s, at.a price of 100.14, a basis
gan
Of
1.578%,
$170,000
•
as
follows:
public
improvements,
second
series, first issue bonds.
Due serially on' July 1, from
1949 to 1958 inclusive.
140,000
street,
fourth
ially
series
issue
on
bonds.
_
Due
second
serially
1949 to
-
fund,
sewer
series,
•;
-
of
1943,
Due
ser¬
July 1, from 1949 to
1959 inclusive.
100,000
on
,
,
twentieth
issue
bonds.
July l,.from
1968 inclusive.
70,000 public improvements, first
series, third issue bonds. Due
serially
$30,000 school
on
Escambia County
50,000 subway fund, fifth series,
.
•
second
(P. O.
the
Miller,
With all interest coupons at¬
tached, to the Guaranty Trust Co.,
New York City, where payment
will be made at par and accrued
interest.
Interest
.
called.
Gutf
issue
date
on
County Special: Tax School
Distfict
,
ceases
,r\
.
.
*
No.
1
(P.
O.
Wewahitchka), Fla.'
berteteived-by the Board-uf- Public
Instruction until 10 a.m. (EST) on
Aug. 17 for the purchase of $400',-•
td
nut
exceed
Dated
4%
interest
July 1, 1948.
Denomination $1,000. Due on July
1,
follows:
$14,000 from 1950
to 1953; $15,000 in 1954; $16,000
in 1955 and 1956; $17,000 in
1957;
$19,000 in 1958; $20,000 in 1959;
$21,000 in 1960 and 1961; $22,000
as
in
1962; $23,000 in 1963; $24,000 in
1964; $25,000 in 1965 and 1966;
$26,000 in 1967, and $27,000 in
1968 and
1969. The
reserved
to call said
demption 10
issuance
payment
years
and
date
right shall be
bonds for
re¬
from the date
on
any interest
thereafter
upon
accrued interest to the
date fixed
for
redemption and upon payment
also of a sum % of 1% for each
unexpired year not in excess of
2%
of the principal
of any bond
Principal and interest
(J-J) payable at the Florida Na¬
tional Bank, Jacksonville. Bidders
redeemed.
to name the rate of interest. The
bonds have
been
or
will
be
bonds.
Due
ser-
McCord, Ice &
Indianapolis, will - be
of
furnished.
School Cily, Ind.
Offering—D. L. Haffner,
Bond
Secretary
of Board of Trustees,
receive sealed bids
untij 1
will
p.m, (CST) on July 30 for the
purchase of $4,000 not vto. exceed
3% interest improvement bonds.
Dated Aug. 1, 1948. Denomination
$1,000. Due $2,000 on Jan. and
Valdosta, Ga.
Certificate Offering—B. Lamar $1,000 July 1, from 1951 to
1954,
Tillman, City Attorney, will re¬ and $2,000 Jan. and July 1, from
ceive sealed bids until July 28 for 1955 to 1962, all inclusive. Rate of
the purchase of $2,000,000 water interest to be- in multiples of J/4
and sewage revenue anticipation of
1%, and not more than one
certificates.
The
certificates
originally offered
were
rate shall
be named
by each bid¬
approving opinion of
McCord, Ice & Miller, of
der.
The
July 20, the
sale of which was postponed be¬
cause of delay in getting invita¬
Indianapolis, will be fumishOd to
tions and information to the bid¬
the succeessful bidders at the 'ex¬
ders.
pense
on
Ross,
of the School City. No
ditional
bids
certified
Commissioners,
will
receive
sealed tenders until 10 a.m. (CST)
on
July 27 of refunding bonds,
B, dated Sept. 1, 1935.
for
the
purchase
of
of
by said sum may be
purchased at the lowest price ob¬
tainable, but not to exceed their
par value and accrued interest.
Those tenders (and only those
tenders)
which offer bonds at
lowest prices not exceeding their
par
value and accrued interest
said bonds
as
many
chase
such
of
bonds
order
as
will
will
permit)
result
in
in
the
purchase of bonds by the District
at
the
lowest
price obtainable.
Those
who
make
tenders
con¬
be
accepted. A
$500 payable
for
School City, is required,-
to the
Indianapolis, Ind.
Warrant Offering —^ Phillip L.
Bayt, City Controller, will receive
sealed
bids
until
10
(CST)
of
$875,000 not to exceed 4% interest
temporary loan warrants, divided
July
on
30
for
a.m.
the
purchase
follows:
as
$125,000". firemen's
as
will be accepted (so far as afore¬
said sum available for the pur¬
will
check
pension fund
Payable from the
warrants.
current
.
levied
and
revenues
for the
taxes
firemen's pen-
sion fund.
.
750,000
fund
general
warrants.
Payable from the current
rev¬
and taxes levied for the
enues
general fund of the City.
Due
be
at
Dec.
which
If;
a
s
1948. All bids to
of
rate
premium
a
interest
may
on
sale
the
date
will
to
be added.
Satisfactory :bid is* not
ceived
the
11,
annual
herein
continue
re¬
fixed,
from
which
day
to day thereafter. Legal opinion
accepted will be paid for the as to the
legality of the issues will
bonds so accepted on sururender
be furnished- by the Department of
and transfer of the bonds and -all
LdW 6f the City.
interest coupons thereon at the
are
Sfottdf Offering—Sealed bids Will
000s
approving
Ross,
by Courts & Co., of Atlanta, and
Associates, at a price of 100.82.
sion $1,163,000 which is available
Call—The' State Board of
Administration, successor to the
Board of County Commissioners,
announces
that the $69,000 road
paving bonds, Nos. 1701 to 1769,
inclusive, are called for payment
on Aug.
15. Dated Aug. 15, 1921.
Due Aug. 15, 1951.
Holders Of
said bonds are notified to present
same
The
bonds.
of
Garrett
Thomasville, Ga.
$200,000 water
works, sewerage and street im¬
provement bonds offered on July
The Treasurer has in his posses¬
Pensacola), Fla.
Bond
val¬
office of the District Treasurer.
Du
Page
No.
46
Bond
County School District
(P. O. Elmhurst), III.
and
cantile-Commerce
Bank
&
Trust
Consolidated Sch.
Dist.,
Iowa
Bonds
Sale—The $827,000
school
building bonds offered
on July 16— v.
168, p. 195—were
purchased by a syndicate com¬
posed of Blyth & Co., Harriman
Ripley & Co., Inc., Channel' Se¬
curities
Co. of
Chicago, Braun,
Bosworth & Co., Inc., and Illinois
Co.
of
Chicago, at a price of
102.15, a net interest cost of 2.60%,
as
follows: $85,000 as iy>s, ma¬
turing on Jan. 1, from 1950 to
1952, and $742,000 as 2%s, matur¬
ing from 1965 to 1968, all inclu¬
sive.
Dated June 1, 1948.
The
next highest bidder was the Mer¬
site
IOWA
Alburnett
held
on
proved
Voted
July
the
At
—•
10
the
issuance
an
election
voters
of
ap¬
$160,000
construction bonds.
Alta
Consolidated
School District,
Iowa
Bond
Sale—The $150,000 build¬
ing bonds offered
168, p. 196—were
auction
to
the
July 20—v.
sold at public
Carleton Dj/ Beh
on
Co., of Des Moines,
price of 100.50;
a
as 2y4s, at a
basis of 2.194%.
Dated Sept. 1, 1948.
on
Due serially
Sept. 1, from 1949 to 1968 incl.
next highest bidder was the
The
Central Republic Co., Chicago, for
2y4s, at 100.493.
Co.,' St Louis, F, S. Mosely & Co.,
Cedar Falls, Iowa
Collins
&
Co., Kebbon,
Bond Sale—The White-Phillips
McCormick & Co., and McDougal
& Condon, jointly, for $85,000 as Co., of Davenport, purchased on
IV2S,
and
$742,000 as 2%s, at July 13, as 2s, at 100.43, a basis of
1.88%, the $74,000 sewer bonds for
100.182.
which all bids received on July 12
La Grange, III.
were rejected.—-V. 168, p. 294. -
Julien
Bonds
Not
Voted—At
an
elec¬
the Circuit Court of tion held recently the voters did Crawford County (P. O. Denison),
Iowa
Gulf County, Fla., and the ap¬ not approve the issuance of $225,Bonds Approved — At an elec¬
proving opinion of Giles P. Pat¬ 000 park development bonds.
tion held on July 12 the voters ap¬
terson, of Jacksonville, will be
La Salle, 111.
proved an issue of $200,000 memo¬
furnished to the purchaser with¬
Bonds Voted
At an election
rial hospital bonds.
out charge.
held recently the' voters approved
Rivera Beach, Fla.
the issuance of $500,000 sewer ex¬
Decorah, Iowa
Bond Sale
The $65,000 water tension and
Bond Sale
The $15,000 sewer
improvement bonds.
system bonds offered on July 19
bonds' offered on July 20 were
Newton. III.
were purchased by Sullivan, Nel¬
purchased by the Carleton D. Beh
son & Goss, of West Palm Beach.
Bonds Voted
At an election Co., of Des Moines, as 2s, at a
held recently the voters approved price of 101.106,a basis of 1.822%.
Sarasota, Fla.
the isuance of $15,000 storm sewer Dated July 1, 1948.
Due serially
Certificate
Offering — L.
B.
bonds.
on Nov. 1, from 1949 to 1958 incl.
Ashby, City Auditor and Clerk,
The next highest bidder was Cowwill
receive
sealed
bids
until
INDIANA
nie & Becker, for 2s, at 100.066.
noon
(ElSTj on Aug. 4 for the
purchase of $30,000 3 xk % water Center Township School Township
DeWitt, Iowa
^
(P. O. Crown Point), Ind.
-Bond Sale—The $30,000 water
revenue, series A 1948 certificates.
by
—
"
—
—
—
Dated
tion
July 15, 1948. Denomina¬
$5,000. Due $15,000 on July
1, 1949 and 1950. The certificates
be subject to redemption at
will
any time prior to their respective
July i, from 1949 maturities, either in whole
to 1958 inclusive.
bonds offered on
July 2 — v. 168,
p7 195—were purchased by the
County ^Employees
Retirement
bonds.
of
opinion
Sale—The
Bond
series
idated
Bank & Trust
'Tranquility School District, F res no
County (P. O. Fresno), Calif.
293—
July 20—v. 168, p. 293
purchased by the Chemical
—were
bonds bid for,
,
Sale—The
p.
follows:
Sale—The $555,000 bonds
without
payable to the Chairman of Board
of Supervisors, is required.:.
Bond
as
of¬
Bond
charge. A certified check for 5%
of
.
successful
notes
offered
a.m.
Neff, Brown & Herrington, of San
-Francisco, approving the validity
y of the bonds will be furnished to
■
Treasurer,
payment of par value thereof with
July 21—v. 168,
on
New
cipal and interest (M-N) payable
County Treasurer's office.
^The opinion of Orrick, Dahlquist,
the
Authority,
The $435,500 tem¬
—
awarded
Graham,
nat the
-
plus
$17.
'•'"from 1949 to 1963 inclusive. Prin•
Trust
$250,000 to Day, Stoddard & Wil¬
liams, New Haven, at 1%,
plus $61.
185,000 to Salomon Bros. & Hutz¬
ler, New York, at 1.05%, plus
(Calif. Daylight
Savings Time) on Aug. 2 for the
purchase of $5,250,000 not to ex¬
ceed ;5%
interest school bonds.
Dated May 1, 1948. Denomination
$1,000. Due $350,000 on May. 1,
/
&
95%,
loan series M-l
porary
County Clerk, will receive sealed
bids uuntil 10
at
Conn.
Unified School District,
Offering—R.
Bank
Housing
Bond Sale
County
Joaquin
improvement
all
20—v. 168, p. 195—were purchased
(pST) on July 28 for the purchase
of $2,016,600 Toms Road school
of
Middletown
Principal
County (P.
,*Stockton), Calif.
Bond
$500,000
(F-A) payable at the
payable
Stockton
National
for
the
was
$1.00.
Treasurer, is required.
)>
highest bidder
Co.,
County Treasurer's office.
The
approving
opinion
of
Orrick,
Dahlquist, Neff, Brown & Herrington, of San Francisco, will be
furnished.
next
Hartford
on Aug. 1, as follows: $5,000
from. 1950 to 1957; $10,000 from
•1958 to
1963, and $20,000 from
1966
loan, series M-2 notes of¬
on
Aug. 3, 1948. Due Feb. 24, 1949.
j Due
to
$2,000,000 tem¬
July 20—v. 168, p. 293—
purchased by Salomon Bros.
& Hutzler, of New York, at
0.95%,
plus a premium of $100.
Dated
registered bonds. Dated
Aug. 1, 1948. Denomination $1,000.
1954
Sale—The
porary
fered
Housing Authority, Conn.
were
coupon or
and interest
sealed
William
—
Town
school bonds.
Note
a.m.
5%
Louis, and Cooley & Co.,
Hartford, jointly, as iy4s, at a
price
of
100.4019,
a - basis
of
1.173%. Dated Aug. 1, 1948. Due
serially on Aug. 1, from 1949 .to
1958 inclusive; The next
highest
bidder
was
the; National
City
Bank, New York,
for iy4s, at
Hartford
(Calif. Day¬
light Savings Time) on July 28
for the purchase of
$160,000 not
to
Offering
receive
St.
Dist.,
Sacramento), Calif.
!| Bond Offering—C. C. La Rue,
County Clerk, will receive sealed
10:30
purchased by the Bankers
100.14.
/ Sacramento County (P. O.
bids until
Bond
of
the Bank of America Nation¬
& Savings
Juan
—
| Trust Co., of New York, Mercanj tile-Commerce Bank & Trust Co.,
highest bidder
al. Trust
San
1958 in¬
(State of)
The
$1,750,000
bonus, series 2 bonds
July 20—v. 167, p. 2734
on
-T-were
serially
on
Sale
war
offered
were
Co.,
The next high¬
est
bonds
time
same
1966 inclusive.
$150,000
District
1948.
Due serially on June L from 1949
serially
by Blyth & Co., Wil¬
Staats Co., both of Los
R.
Stamford),
O.
opinion will be furnished to the
purchaser.
oasis of 1.68%. Dated June
i,
purchased
Angeles, and
(P.
Conn.
Hemming,
road
At an election
—
July ,10 the voters ap¬
the issuance of $600,000
interest
July 19 were purchased by East¬
man, Dillon & Co., of New York,
as
1.70s, at a price of 100.151, a
were
a
on
-
&
Co., and R. D.
Co., jointly, for 1.60s, at
Stamford
Sale—The $90,000 school,
of
1948 bonds offered
on
issue
2.105%.
Due
Sale—The
School
at
Putnam
White &
Bond
Blyth & Co:, and Asso¬
ciates, for 2y4s, at 100.278.
f; Additional
July 1, 1948.
The next
bidder was Estabrook &
FLORIDA
was
I: offered
Co.,
Bonds Voted
held
proved
Dated
of interest to be in multiples of y4
of 1% and must be the same for
•
CONNECTICUT
Co.,
2y4s, at
as
1,
25,000 subway fund, sixth series,
first issue bonds. Due serially
on July l, from 1949 to i960
i,
inclusive.
51
10, from 1951. to Jan. 10, 1960. Rate
A
(P. O.
Carrotltort), Ga.
—
1, from 1949 to 1958
The next highest bid¬
inclusive.
der
time
GEORGIA
Carroll County
—
of America
same
(391)
payable at the First Na¬
ILLINOIS
Bonds Voted
At an election tional Bank, Bctetoft. The legality
held recently the voters approved of the issue will be examined by
Chicago Park District, III.
the issuance of $20,000 community Ropes, Gray, Best,
Tenders
Invited
James
H.
Coolidge &
hall construction bonds.
Rugg, of Boston, a copy of whose Gately, President of Board of Park
M Additional Sale—The $105,000
Highland School District bonds
at
•
Mosca, Colo,
.^National Trust & Savings Asso¬
ciation, San Francisco, for 314 s,
at ,100.496.
offered
July 1, from 1949 to
on
coupon > Of,
registered
bonds.
price of 100.05, a net interest Dated Aug. 1, 1948. Denomination
cost of 3.16%, as lollows:
$325,000 $1,000. Due On Aug. 1, as follows f
as 3s, maturing on Sept.
1, from $106,000 in 1049; $105,000 in 1950
1949 to 1964, and $255,000 as 3V4s,
and 1951; and $100,000 from 1952
maturing on Sept. 1, from 1965 to to 1068 inclusive. Bidders to name
iy?3, all inclusive.
one rate of interest in a multiple
of % Or 1/10 Of 1%. Bids must be
COLORADO
for' all of the bonds. Principal and
ft
—
the
was
Cnicago,' and R. Lt.
of Los Angeles, at
Moulton & Co.
the
by the American National
Sank,
of San
Bernardino, as 2y2s, at a
Price.. of
100.856,
a
basis
of
2.444%. Dated Aug.
1, 1948. Due
serially on Aug. 1, from 1949 to
1954 inclusive. The next
highest
bidder
& Co. of
veen
CHRONICLE
a
July 19
on
by
Bernardino),
y Bond Sale
lanto School
bonds
future
a
-
Ban Bernardino
fered
at
determined
City Council.
,,
The
readveftised
FINANCIAL
100.019.
j
Bond Sale—ine $580,000 build¬
ing bonds offered on July 19 were
purchased by a syndicate com¬
posed
of *the
California
Bank,
JRiverbank, Calif.
<
&
1968 inclusive.
highest
Unified School
Calif.
ially
;
Francisco,
District, San
Diego County (P. O. San Diego),
Bids
Rejected — All
bids
re¬
ceived lor the $150,000 not to ex¬
ceed
5%
interest
1948
sewer
bonds offered on
July 14—v.
will
Association, San
3V4s, at 100.09.
for
\
v
.
COMMERCIAL
or
in
part, at par and accrued interest,
A certified check for $750 payable
to ther City, is required.
Bond Offering
— Bert
Margison
will receive sealed bids
until 8 p.m. (CST) on Aug. 11 for
the purchase of $65,000 not to ex¬
ceed 3% interest building bonds.
Dated July 10, 1948. Denomina¬
tion $500. Due $2,500 on July 10,
1949; $2,500 Jan. and $3,000 July
10, 1950, and $3,000 Jan. and July
Trustee,
bonds offered on July 19
purchased by Quail & Co.,
of Davenport, as 3s, at a price of
100.216, a basis of 2.961%. Dated
revenue
were
July 1, 1948.. Due serially
1, from 1949 to 1963
on
Dec!
inclusive. The
next
highest bidder wa^ the De-
Witt
Bank
&
Trust
for 3s, at 100.20.
Co^DeWitt,
52
Cancelled—The sale
Sale
Bond
improvement
of the $12,500 street
scheduled
168,
294—has been cancelled.
•
p.
for
payable to the City, is required.
3—v.
Aug.
bonds
eral
obligation
offered
bonds
ment
July
on
of 100.645.
Kanawha School Districtr IoWa
Bonds Voted—At
tion held
on
a
special elec¬
July 7 the voters ap¬
$6,000
of
proved
the
issuance
building bonds.
Oran School District, Iowa
p
a.m. (DST) on July 26 for
purchase of $536,000 coupon bonds, divided as follows:
til
11
the
(CST) on Aug. 17
chase of $1,081,000
—
Co., of Chicago, as 2s, at a price
&
Treasurer and Collector of
receive sealed bids un¬
son,
Taxes, will
>■
19
^purchased by William Blair
were
Offering—Harold J. Tuni-
by Ropes, Gray, Best, Coolidge &
for the pur¬ Rugg of Boston.
/xx,v./'
i
$100,000 water loan bonds.
Due
not to exceed
$20,000 on Oct. 1, from 1948 to
Lynn, Mass. 4 % interest school bonds.
Bond Offering—John W. WedDated
1952 inclusive.
Note Sale
The $500,000 tem¬
dell, County Clerk, will receive Sept. 1, 1948. Denom. $1,000. Due
on Sept. 1, from 1950 to 1968 incl.
300,000 water loan bonds.
Due
sealed bids until 10 a.m. (CST)
porary loan notes offered on July
on
$30,000 on July 1, from 1949
Aug. 2 for the purchase of The approving opinion of B. A. 20 were purchased by the Nation¬
to 1958 inclusive.
$100,000 not to exceed 3% interest Campbell, of New Orleans, will be al Shawmut Bank, of Boston, at
discount. Due April 29,
hospital bonds. Dated Jan. 1, 1948. furnished the purchaser without 0.79 %
Id0,00d water loan bonds. Due
cost.
A certified check for 2 % of 1949. The next highest bidder was
Denomination $1,000. Due on Jan.
$20,000 on July 1, from 1949
Manufacturers-Central
Na¬
to 1953 inclusive.
1, as follows: $5,000 from 1950 to the amount of the bonds, payable the
tional Bank,; Lynn; at '0.81%.
1957, and $6,000 from 1958 to 1967, to the School Board, is required.
36,000 trunk sewers loan bonds.
all inclusive.
Due $6,000
on July 1, from
Calcasieu Parish Sch. Dist. No. 23
Marlborough, Mass.
Subject to prior redemption on
1949 to 1954 inclusive.
(P. O. Lake Charles), La.
Bond Sale—The $42,000 bonds
any interest payment date on or
Bond Sale Details — In connec¬
Dated July 1, 1948, except the
offered on July 20—v. 168, p. 295
after Jan. 1, 1953, at face amount
tion with the sale of the $225,000
$100,000 water loan bonds which
—were purchased by the Whiting,
plus accrued interest, plus addi¬ school bonds to White, Hattier &
Weeks &
Stubbs, of Boston, as are dated Oct. 1, 1947. Denom. $1,tional interest of 3% if the date
Sanford, of New Orleans, at a net
IV2S, at a price of 100.55, a basis 000. Bidders to name one rate of
stated for prior redemption is on
interest cost of 2.78%, as reported
interest in multiples of
of 1%,
of 1.29%, as follows:
or before Jan. 1, 1956, and on the
in our July 12 issue—v. 168, p. 196
and bids must be for all of the
same terms thereafter, except that
highway
departmental
—we
learn that the bonds were $26,000
bonds offered. Coupon bonds will
the additional
interest shall be
equipment bonds.
sold as follows: $43,000 as 3V2S,
be issued, such bonds being ex¬
2% if the date of prior redemption
16,000 street bonds.
maturing on Jan. 15, from 1949 to
changeable for fully registered
is on or before Jan. 1, 1959, 1%
Dated Aug. 1, 1948. Due serially
1953, and $182,000 as 23/4S, matur¬
bonds at any time more than one
if thereafter and on or before Jan.
on Aug.
1, from 1,949 to 1953 in¬ year before maturity. The bonds
ing from 1954 to 1968, all incl.
1, 1961, and at face value and ac¬
clusive. The next highest bidder will be certified by the First Na¬
Louisiana
(State of)
crued interest only if thereafter.
was
Robert Hawkins & Co., for tional Bank of Boston, and the
Bond Election—At the general
Principal and interest payable at
iy2s, at 100.319.
legal opinion of Ropes, Gray, Best,
the Louisville Trust Co., Louis- election to be held in November
Coolidge & Rugg, will be fur¬
Massachusetts (State of)
ville. The approving legal opinion the voters will consider the issu¬
nished. A certified check for 1%
of
of Skaggs, Hays and Fahey, of ance
$30,000,000 toll bridge
Names Paying Agent—Bankers
of the par value of the bonds bid
Louisville, will be furnished the bonds, and $30,000,000 Lake Pont- Trust
Company
has been
ap¬
for, payable to the City, is re¬
purchaser together with the print¬ chartrain causeway bonds.
pointed New York Paying Agent
quired.
ed bond forms. A certified check
for principal and interest of the
Tangipahoa Parish Sch. Dists.
for $2,500 is required.
Commonwealth of Massachusetts
MICHIGAN
No. 1 and 1099 (P. O.
cn
$6,000,000
General
Edward
Amite), La.
Floyd County (P. O.
Lawrence
Logan
Airport
Im¬ Bloomfield, Troy, Royal Oak and
Bond Offering—J. H. Newton,
Prestcnsburg), Ky.
Southfield Townships Frac¬
Superintendent
of
Parish provement Loan 1V4% bonds due
Bonds Authorized^—An issue of Jr.,
tional School District No. 1,
;
School Board will receive sealed April 1, 1949-52; $7,500,000 Cap¬
Mich.
$450,000 hospital bonds was au¬
bids until Sept. 9 for the purchase ital Our]ay Loan 1.30% bonds due
thorized on July 15 by thb County
Bond Call — Wylie E. Groves,
1, 1950-55; $300,000 Fall
of
$445,000 improvement bonds. April
Council.
River Harbor Terminal Facilities Treasurer of Board of Education,
These bonds were authorized at
Loan
1.30% bonds due April 1, calls for payment on Oct. 1, re¬
Maysville, Ky.
the election held on July 6.
1949-58; $6,000,000 Logan Airport funding bonds Nos. 341 to 360,
Bond Sale
The $275,000 genImprovement 1.70%
bonds due Principal and interest payable at
MASSACHUSETTS
eral obligation bonds offered on
April 1, 1957-65 and $2,700,000 the Manufacturers National Bank,
July 19—v. 168, p. 196—were pur¬
Essex County (P. O.
Metropolitan
Water
District- Detroit, or the Birmingham Na¬
chased by the J. F. Hardymon Co.,
Salem, Mass.
Water
Use
Inter¬
Development
Loan tional Bank, Birmingham.
of Maysville, as 2V2S, at a price
Bond Sale—The $100,000 tuber¬
est ceases on date called.
1.70% bends due Oct. 1, 1948-68.
of 101.50, a basis of 2.38%. Dated culosis hospital, act of 1947 bonds
Feb. 1, 1948. Due serially on Feb.
Cumming Township School District
Montague, Mass.
offered on July 20—v. 168, p.,295
j from 1949 to 1977 inclusive. The
(P. O. Rose City), Mich.
.
were
Bond Offering
John J. Mc¬
purchased by Salomon
j next highest bidder was the Bank Bros.,#;. Hutzler, ^! New York&as Laughlin, Town Treasurer, will
Bond ? Offering — Clarence J,
of Maysville,; and D. P. Newell,
i^s,"at a price of 100.42, a basis receive sealed bids c/o the Day Cooley, District Treasurer; will
Casey County (P. O.
Liberty), Ky.
$155,000 gen¬
street improve¬
Sale—The
Bond
Bond
er's option, at the City Treasurer's
office.
Legality to be approved
Secretary of School Board, win
receive sealed bids until 10 a.m.
KENTUCKY
Grinnell, Iowa
V
,
Worcester, Mass.
pressed in a multiple of V\ of 1%.
Principal and semi-annual inter¬
est payable
at the Second Na¬
tional Bank of Boston, or at hold¬
Bogalusa Sch. Dist., Washington
Parish (P. O. Bogclusa), La.
Bond Offering — M. J. Israel,
1948
Monday, July 26,
FINANCIAL .CHRONICLE
&
LOUISIANA
Jr., of Topeka, which will be paid
for by the City.
A certified check
for 2% of the total amount bid,
Garrison, Iowa
X-p
COMMERCIAL
THE
(392),, p
,
Bonds Voted—At a
tion held
on
special elec¬
voters
the
29
June
-approved the issuance of $45,000
school bonds,
Saylor
Rural Independent
Center
School
■
Bond
District (P. Q. Des
Moines), Iowa
Sale
tion with
Details—In connec¬
sale of
the
the $49,000
school bonds to Shaw, McDermott
& Co.r of Des Moines, as reported
in
June
our
14
issue
167,
v.
—
2628—we learn that the bonds
were
soid
as
2%s, at price of
jp.
100.06,
basis of 2.74%.
a
KANSA$
XX
Greehsburg Sch. Dist. No. 1, Kan«
Sale—An issue of
Bond
school
building bonds
chased
$75,000
recently by the
was
pur¬
City Na¬
tional Bank & Trust Co., of Kan¬
sas City, at a price of 100.08, a net
interest cost of lr.754%, as follows:
as 2s, maturing on Aug. 1,
1949 and 1950, and $55,000 as l%s,
$20,000
v:V;'
maturing from 1951 to 1956 incl.
Bated Aug. 1, 1948. Approved as
to.
legality
by
Stinson,
Mag,
Thomason,' McEvers & Fizzell, of
Kansas City.
Hutchinson, Kan.
o
Bond
i
m,
i
The City
Sale
Bank & Trust Co.,
National
.of Kansas City,
—
—
5K»S, ™e
$181107.17
successful; bidder for
internal improvement
^nds, as 2s, at a price of 101.89, a , Maysville, jointly, for 2Vzs, at
basis
of
1948.
1.632%.
Due
on
Dated
June
1,
$18,107.17 in 1949; $19,000 in 1950,
and $18,000 from 1951 to 1958, all
inclusive.
Kiowa
County Rural High School
District No. 4 (P. O.
'X
Greensburg), Kan.
Pikeville,
Bond Sale—The
1958
Ky.
al
building bonds offered on July 19
—v.
168, p. 294—were purchased
Fitchburg, Mass.
$1,000,000 mu¬
First Boston
Trust &
jointly,
a
purchased
295-—were
p.
by the;
Corp., and the Harris
Savings Bank, of Chicago,
as
2s, at a price of 100.779,
Dated Aug. 1,
basis of 1.914%.
1948. Due
serially
Aug. 1, from
The next high¬
for
at
2s,
100.297.
Gloucester, Mass.
Offering — S. Emerson
Bond
Laurie,
196*3; $13,000 from
ceive
and
Treasurer,
City
bids
sealed
until
will re¬
11
a.m.
(DST) on July 26 for the purchase
of $350,000 coupon school bonds.
Dated Aug. 1, 1948.
Denom. $1,000. Due on Aug. 1, as follows:
$18,000 from 1949 to 1958, and
on
or before July 1,
1953; thereafter on or before July $17,000 from 1959 to 1968 inclu¬
;> "tion $1,000.
Due $65,000 on 1, 1958, at par and accrued inter¬ sive. Bidders to name one rate of
$
Aug.' 15, from 1949 to 1958 est, plus a premium of 2%; there¬ interest in multiples of V\ of 1%.
*vi\' incl.
after on or before July 1,1963, at Approved as to legality by Storey,
124,688.25 street and alle£ paving par and accrued interest, plus a Thorndike, Palmer & Dodge, of
Boston.
bonds. Denomination $1,000,
premium of 1 %; and thereafter at
J * one for $1,688.25. Due on par, further provided that should
Lawrence, Mass.
Aug. 15, as follows: $13,688.25 less than all of the bonds then
Bond Offering—Alfred Courte*in 1949; $13,000 from 1950 to outstanding be called, the bonds
1952, and $12,000 from 1953 to shall be called in the inverse order manche, City Treasurer, will re¬
redeemed
$650,000 library bonds. Denomina-
,
1958 incl.
of their numbering, by giving no¬
31,389.83 sewer bonds. Denom.
$1,000, one for $1,389.83. Due
,*'t
;
on Aug. 15, as follows: $4,*389.83 in 1949, and $3,000from
1950 to 1958 incl.
■
tice thereof
by publication once at
least 30 days prior to the redemp¬
tion date. Principal and interest
(J-J) payable at the Citizens
Fidelity Bank & Trust Co., Louis¬
ville.
Bidders to
the rate
Dated Aug. 15, 194$.
Principal
and interest (F-A) payable at the
rates of interest in multiples of
State Fiscal Agency,
of
Topeka. Rate
of interest to be in multiples of Vs
of 1%..
No bid which specifies
more
than
ered.
one
rate will be consid¬
]ponds will be sold sub¬
der.
or
*4
not more than two
shall be named by each bid¬
The City will furnish an ap¬
1%,
rates
name
and
proving opinion of Chapman &
Cutler, of Chicago, and all bids
may be so conditioned. A certified
check for $4,500 payable to the
Wiethe successful bidder
will
be|finished with the ap¬
proving £p]pipn of John, S. Dean, ^t^Treaisure^J$ requireici^ft • ft
ject t<j)
.
.
.&
ft
v/.y.i
XX#-.'
-
.
I....
....
ceive
as
f.'i
.
>''H
••
•*
until
11
a.m.
follows:
one
chaser.
qualified opinion of the purchas¬
er's attorney or be secured at the
Waltham, Mass.
Note
one
any
purchaser's expense approving the
Sale—The
—
bonds,
divided
as
follows:
on
$335,000 school bonds.
Due on
Aug.
1, as follows: $35,000
from 1949 to 1955, and $30,000
from 1956 to 1958 incl.
200,000
July 1, from 1949 to 1958
Elkton, Mich.
Voted
Bonds
held recently
permanent
paving
loan
struction bonds. Due on Aug.
as
follows:
$15,000
1949 to 1958, and $10,000
from
000, Bidders shall name one
rate
multiple of
of
1%. No telephone bids will be ac¬
1949
to
1953 inclusive and
$5,000 from
1954 to 1958 inclusive.
* V i.
cepted.
Approved
as
,
to legality
.
dated Aug.
ly 1948. Denom. $1,000.; Bidder to
name a single rate of inter estjexAll of the bonds
are
by Storey, Thorndike, Palmer &
Dodge, of Boston,Nwhose
will be
opinion
£urniftied the purchaser,
f
water-^iknt
jo*!
-
Mich.
Proposed Bond
1948. Denom. $1,-
.
election
an
-
Flint,
1959 to 1963 incl.
Dated Aug. 1,
follows:
from
At
incl,
the voters approved
bonds.
from
of interest in a
$6,000
—
water department con¬ the Issuance of $20,000
bonds of 1948. Due Aug. 1, as
LH-
on
rate only.
$300,000 tem¬ legality of the bonds. The District
porary loan notes offered on July shall furnish the printed bonds. A
22
v. 168, p. 295 — were pur¬
certified check for $500 payable
chased by the Newton-Waltham to the District Treasurer, is re¬
Bank & Trust Co., of Waltham, at
quired.
0.775% discount. Dated July 22,
Dearborn, Mich.
1948. Due Dec. 1, 1948. The next
Bond Sale — The $281,000 bonds
highest bidder was the Merchants
National Bank, Boston, at 0.794%. offered on July 20 were purchased
by Crouse & Co., of Detroit.
The
Weymouth, Mass.
issue consisted of the following:
Bond Offering—Harry I. Gran¬
$213,000 Special Assessment Disger, Town Treasurer, will receive
trict No. 456 bonds.
sealed bids c/o the Second Na¬
68,000 Special Assessment Dis¬
tional Bank, of Boston, until 11
trict No. 428 bonds.
a.m.
(DST) on July : 28 for the
Dated July 1, 1948. Due serially
purchase
of
$535,000
coupon
1,
1968 incl.
55,000
riod
genuineness by the Day Trust Co.,
of Boston, and their legality ap¬
proved
by
Storey,
Thorndike,
Palmer & Dodge, of Boston, whose
opinion will be furnished the pur¬
.
$520,000 veterans' rental housing
loan, third issue bonds.
Due
$26,000 on Aug. 1 from 1949 to
.
i'-Vl
bids
sealed
(DST) on July 29 for the purchase
bonds, divided
of $575,000 coupon
bond shall be at
Principal and in¬
terest (A-O) payable at the Com¬
mercial Bank of Tolfree, Living¬
stone & Co., West Branch.
Bids
shall be conditioned upon the un¬
vision of and authenticated as to
Halsey, Stuart &
associates,
and
Co.,
on
1968 incl.
1949 to
est bidder was
1964 to 1967,
$14,000 in 1968, all inclusive.
City Clerk, will receive sealed bids
Bonds are subject to redemption
until 10.30 a.m. (CST) on Aug. 4
for the purchase of $806,078.08 not prior to maturity on any interest
payment date at par and accrued
to exceed 5% interest bonds di¬
interest, plus a premium of 3% if
vided as follows:
Bond Offering—Edwin R. Jones,
Sale—The
Bond
$150,000
building bonds was pur¬ 1, from 1949 to 1965 inclusive.
recently by the City Na¬
tional Bank & Trust Co., of Kan¬
Richmond, Ky.
sas City, at a price of 100.076, a
Bond Offering—W. V. Jackson,
net interest cost of 1.754%, as fol¬
City Clerk, will receive sealed
lows: $38,000 as 2s, maturing on bids until 2
p.m. (CST) on Aug. %
Aug. 1, 1949 and 1950, and $112,000 for the purchase of $225,000 not
.as 1 %s, maturing from 1951 to to
exceed 2%% interest sewer
1956, all inclusive. Dated Aug. 1, bonds. Dated July 1, 1948. Denom.
1948. Legality to be approved by
$1,000. Due on July 1, as follows:
Stinson, Mag, Thomason, McEvers $9,000 from 1949 to 1951; $10,000
& Fizzell, of Kansas City.
from 1952 to 1955; $11,000 from
1956 to 1959; $12,000 from 1960 to
Topeka, Kan.
.
Nation¬
Gloucester, for 1V2S, at
Bank,
nicipal buildings loan act of 1948
bonds offered on July 21—v. 168,
chased
e
the Cape Ann
was
100.06.
by the Bankers Bond Co., of Lou¬
isville, and Associates, as 3%s, at
school
*
next highest
The
inclusive.
bidder
$136,000 school
Co., Boston, until 11 a.m, receive sealed bids until 6 p.m.
(DST) on July 28 for the purchase (EST) on July 27 for the purchase
of $185,000 school coupon bonds. of $15,000 not to exceed 4% inter¬
bonds. Dated
Dated Aug. 1, 1948. Denom. $1,000. est school coupon
Due $10,000 annually from
1948 June 1, 1948. Denom. $1,000. Due
on April 1, as follows: $2,000 from
to 1965, and $5,000 annually from
1949 to 1951; $3,000 in 1952, and
1966 to 1968, all inclusive. Bidder
shall name one rate of interest in $6,000 in 1953.
Rate of interest
a multiple of
of 1%. The bonds to be in multiples of V\ of 1%. The
will be prepared under the super¬ interest rate for each coupon pe¬
Trust
serially
101.00, a basis of 3.625%. Dated
July 1, 1948. Due serially on July
Bond Sale—An issue of
1.42%; Dated Aug. 1,1948. Due
on Aug. 1, from 1949 to
of
inn 53
June 1,. as follows:
*
Issujel—The^ity
plans to bring in the market earljr
in
August an isue of $l,700;(j00
water
revenue
bonds.
ceedings for this issue
before
the
•
Municipal
The
pro*
are
now
Finance
Commission for-approval:-Matther
i-
Volume 168
Number 4719
(393)
Fort
Gratiot
School
f
Township Fractional Hennepin County Independent Sch.
1- (P, O,
Dist* No. 142 (P. O. Bloomihgton),
Huron), Mich.
Minn.
District No.
Port
•
Bond Sale Details
In.
Bonds Voted
At an election
$30,000 held on July 7 the voters approved
school bonds to H. V. Sattley & the issuance of
$455,000 construc¬
Co., of Detroit, as 2V4S, as report¬ tion and improvement bonds. <
ed in our July 12 issue—v. 168,
p.Hennepin County Independent Con¬
196—we
learn
the
bonds
were
tion
with
sold at
the
sale
—
of
connec¬
price of 100.019,
a
—
the
a
basis
solidated School District No.
144
Paine, Webber, Jackson & Curtis,
(P. O. Wayzata), Minn.
Offering—John A. John¬
son,
Superintendent of Schools,
will receive sealed bids until 8
p.m. (CST) on Aug. 5 for the pur¬
chase of $28,000 school site bonds.
Dated July 1, 1948.
These are the
of
oonds
©f 2.243%.
/
Bond
Hart, Mich,
j
Bond Sale Details
tion
with
water
the
sale
of
Rapids,
to
reported
as
learn the bonds
$25,000
bonds
July 5 issue—v.
cur
connec¬
the
improvement
Grand
we
In
—
168,
were
p.
in
93—
sold at
1961 inclusive.
LeRoy Township Graded Sch, Dist.
No 6 (P. O, Webber ville),Mich.
*
Bond Sale
The $70,000 school
—
July 13—v. 168,
p. 196—were purchased by Haljsey, Stuart & Co., Inc., at a price
of 100.0122, a net interest cost of
2.336%., as follows: $28,000 as 2%s,
Dated
highest
July 1, 1948. The next
bidder
McDonald-
was
Moore & Co., for 2V2s, at 100.216.
Millington, Mich.
Bond
Sale
Details—In
connec¬
tion with the sale of the
$42,000
general obligation bonds to S. R.
Livingstone & Co., as reported in
our June 14 issue—v.
167, p. 2629
—we
sold
learn
that
the
bonds
were
follows: $18,000
as
Lakeville, Minn.
$50,000 perma¬
nent improvement
revolving fund
bonds offered on July 12—v.
168,
Bond Sale—The
197 — were purchased by the
First National Bank, of Lakeville,
p.
2s, at
as
Dated June 1, 1948.
Due serially on Dec.
1, from 1950
to 1959 inclusive.
The next high¬
par.
est bidder was Kalman &
as 2s, ma¬
on
July .l, from 1949 to
1959, and $24,000 as 2y4s, matur¬
ing on July 1, from 1960 to 1967
Sale—The $130,000 bonds
July 20—v. 167, p. 93—
were purchased
by the Mutual Im¬
plement & Hardware Insurance
as
iy2s,
fol¬
as
lows:
of St.
Dated July 1, 1948. Due
serially
on Jan.
1, from 1950 to 1959 in¬
clusive.
St.
Louis
bidder.
Bidders
must
deposit with the City Clerk,
a cer¬
check for 2%
of the bonds
bid for.
$200,000 sewer¬
drainage bonds offered on
July 20—v. 168, p. 295—were pur¬
chased by a syndicate composed of
J. S. Love & Co., of
Jackson, Weil
& Arnold, of New
Orleans, and
Harrington & Co., of Jackson, at
a price of
100.104, a net interest
cost of 2.639%, as follows:
$44,000
as 2V2s,
maturing on Aug. 1, from
1949 to 1956, and $156,000 as
2%s,
maturing from 1957 to 1968 incl.
Dated Aug. 1, 1948.
age and
Jones
County
Laurel),
Offering
(P.
Miss.
E.
—
receive
Park
sealed
O, "
Orso,
Supervisors,
bids until
10
Sept. 1,
follows: $22,000
and $23,000
from 1949 to 1968 inclusive. Prin¬
cipal and interest (M-S) payable
1949
to
as
1958,
at the Commercial National Bank
& Trust Co., Laurel. The
approv¬
ing opinion of Charles & Trauer¬
nicht, of St. Louis, will be fur¬
Indep. Sch. Dist. nished. A certified check for
$9,(P. O. Minneapolis), Minn.
000 payable to the Board of
Super¬
Bond Sale—The $750,000 build¬
visors, is required.
ing bonds offered on July 12—v.
168, p. 93—were purchased by a
Long Beach, Miss,
Bond
July 1, 1948. The next highest bid¬
the
was
First
of
Corp., for $47,000 as
$13,000 as 2s, at 100.008.
t
Michigan
2y4S, and
South St. Paul, Mitin.
Certificate Sale — The $135,827
local
No. 7
(P. O. Berkley), Mich.
Bond Sale—The $400,000 school
bonds offered on July 19 were
purchased by Stranahan, Harris
-&
Co., Inc., of Toledo, at a price
100.03, a net interest cost of
:2.80%, as follows:
were
as
2y2s, maturing in
140,000 series 2 bonds maturing
Nov. 1; $115,000 as 3s, ma¬
turing from 1949 to 1952, and
$25,000 as 2y2s, mautring in
1953.
on
'f
Dated
£
District
School
O.
Clearwater
>
r
\
-
•
:
County Independent
School District No. 2 (P. O.
Bagley), Minn.
Bond
Offering
—
One bond for $1,057.27,
others
Sept. 1, as
follows: $1,057.27 in 1949; $1,000 from 1950 to 1952 incl.;
$5,000 from 1953 to 1958 incl.,
and $6,000 from 1959 to 1963
$1,000 each. Due
49,837.49
$662,000 con¬
July 20
of
Chicago, First Security
Utah, N. A., and Edward
L. Burton & Co., both of Salt Lake
City, jointly, as 2.40s, at a price of
100.521, a basis of 2.35%. Dated
Bank of
June 30, 1948. Due
serially on
Aug. 1, from 1949 to 1968 inclu¬
sive, optional in 1958. The next
highest bidder was Halsey, Stuart
&
Co.,
and
Associates, for 2.40s,
at 100.517.
NEBRASKA
Aleda M. Foss,
based
street
improvement
property
owner's
the
amount
thereof
is
present engineer's esti¬
mates. The improvements will be
done by the city and the actual
costs will determine the principal
on
of the bonds to be
amount
The
•jfor the purchase
faith
and
credit
the
DenoifrV
levied
connection
of
in
assessments to
with
The
Neb.
Sale—The
be
the
street improvement issue will also
next
highest bidder was
Weeden & Co., for $75,000 as iy2s,
and $75,000 as 1^4s, at 100.05.
bidder
was
Bethlehem
Note Sale
Shawmut
Bank,
discount.
of Boston,
at
Dated July 22,
1, and 14, 1948.
The next highest bidder was the
#48.
Due
Dec.
Merchants National Bank, Boston,
0.824%.
"
'
at
,
£
NEW JERSEY
Clayton
School
Bonds Voted
held
proved
school
N.
District,
At
—
J.
election
an
July 13 the voters ap¬
the issuance of $125,000
on
construction bonds.
Avalon,
Tenders
J.
N.
sealed
available
retire¬
ment of refunding
bonds dated
Aug. 1, 1940, and due Dec. 1,1980.
Each tender shall state the prin¬
cipal amount of bonds proposed
to be sold and the price;
•pressed
as
percentage
a.
100%) of their
said
bonds
e^iceeding
(not
value at which
par
tendered.
are
Cross, both of New York, and the
National/Commercial
Bank
&.
Trust Co., of
Albany, jointly, as
2.40s, at a price of 100.6655, a
basis of 2.33%. Dated
July 1, 1948.
Due serially on
July 1, from 1949
highest
to 1968 inclusive. The next
bidder
J. G. White & Co., and
Sherwood & Co., jointly, for 2.40s,
Bonds
purchased shall be surrendered in
deliverable form and with all ap¬
Court
House, N. J., on or before
August 16, at which time payment
of the price stated will be made
together with
interest
on
the
bonds accrued to date of
delivery
August 10, whichever is earlier.
Carlstadt, N. J.
Bonds
tion
Approved
held
—
June
on
At
23
elec¬
an
the
approved the issuance of
various bonds.
voters
$42,650
ing bonds offered
on July
15 —
197—were purchased by
the
Manufacturers
and
Traders
Trust Co., of Buffalo, as 2.40s, at
168,
v.
p.
Dated June 1, 1948. Due ser¬
on Jan. 1, from 1949 to 1952
inclusive. The next highest bidder
was
the Adirondack Trust Co.,,
par.
ially
Saratoga Springs, for 3s, at
East Greenbush, Nassau,
Sandlake, North Greenbush and
Chatham
bus,
Dist.
Central Sch.
No.
1, N. Y.
Sale—The $53,000
Bond
1948
bonds offered
schooY
July
on
by the National Commercial Bank
of
Albany, as 1.20s, at a price of
100.033, a basis of 1.187%. Dated:
May 1, 1948. Due serially on May
1, from 1949 to 1953 inclusive. The
next highest bidder was the State
Bank
of
Albany,
for
-at
iy2s,
100.096.
Greece (P.
O. 2505 Ridge Read
West, Rochester), N. Y.
Offering — Gordon -A
Howe, Town Supervisor, will,
bids until 2.30 p.m. (DST) on July
ceive
29 for the
purchase of $80,000 not
to exceed
2%
housing
interest emergency
coupon
registered
or
bonds. Dated Sept. 1, 1948. Denom.
$8,000.
1949
Due $8,000
to
Sept. 1, from
1958 inclusive. Subject to
redemption
from date,
on
Millville National Bank, Millville.
The City does not undertake to
opinion of bonding at¬
A certified check for 2%
an
torneys.
Neptune
City, N. J.
bids
until
8
re¬
p.m.
(DST) on July 26 for the purchase
$19,000 not to exceed 6% inter¬
est general improvement coupon
or registered bonds.
Dated Aug.
1, 1948.
Denom. $1,000.
Due on
Aug. 1, as follows: $2,000 from
of
1949 to 1957, and $1,000 in 1958.
Principal and interest (F-A) pay¬
able
at
the
Borough
Treasurer's
Bidders must state in their
proposals a single rate of interest
in a multiple of lA or 1/10 of 1%.
approving opinion of Cald¬
well, Marshall, Trimble & Mit¬
chell, of New York City, will be
furnished to the purchaser with¬
out charge.
A certified check for
2% of the amount bid, payable
tjo
the
Borough
quired.
Treasurer,
is
re¬
New Mexico (State
Bond Election—At an
be
held
on
Nov.
4
election
voters
will consider the issuance
30 for
re¬
2
p.m.
the
pur¬
or
registered,
follows:
as
1948
sewer,
nomination
July
15,
bonds.
De¬
$1,000.
Due on
follows: $3,000
as
from 1949 to 1958, and $4,000
from 1959 to 1969 inclusive.
4,500 sidewalk, 1948 bonds. De¬
nomination
$1,000
one
for
$500. Due on July 15, as fol¬
lows: $1,000 from 1949 to 1951,
and
$1,500 in 1952.
Dated
July
1/10 of
same
for
cipal
and
15,
1948.
Rate
of
in
be
multiples of
1%, and must be the
all
of
the
interest
bonds.
(J-J)
Prin¬
payable
at the Union Trust
Co.,-of Roches¬
approving opinion of
Vandewater, Sykes & Heckler, of
New York City, will be furnished
ter.
The
to the
purchaser without
cost. A
certified check for $1,570 payable
to the Town, is required.
Hempstead Union Free Sch. Distm
No. 15 (P. O. Lawrence), N. Y*
Bond Sale
The $106,000 land
acquisition and construction bonds
offered on July 15—v. 168, p. 197
—were purchased by Francis I. dir
Pont
& Co.,
and Tilney & Co.,
both of New York, jointly, as 2s,
at a price of
100.389, a basis of
1.948%. Dated Aug. 1, 1948.
Due
serially on Aug. 1, from 1956 to
1963 inclusive.
The next highest
—
bidder
Roosevelt & Cross, and
Co., jointly, for 2.10s, at
was
&
Hempstead Union Free Sch. Dist.
No. 27 (P. O. East Hempstead),
New York
of
$2,500,000 State Institution Improve¬
ment bonds.
Bond Sale—The
'
$510,000 build¬
on July 21—v.
were purchased by
ing bonds offered
the
NEW YORK
—
Franklin
Square
National
Bank, of Franklin Square, as 2V2s,
a
price of 100.48;. abasis of
at
Bond Sale—The $26,000 munic¬
ipal building, 1948 bonds offered
2.456%. Dated
July 15 — v. 168, p. 94 — were
purchased by Tilney & Co.,, as
1.40s, at a price of 100.06, a basis
1978
on
until
100.34.
of)
the
Babylon, JV. Y.
July
coupon
$74,000
Hall
NEW MEXICO
to
on
bonds, divided
or
land, Borough Treasurer, will
office.
(DST)
bids
chase of $78,500 not to exceed 5%
interest to
Bond Offering—Harold J. Row¬
sealed
sealed
interest
offered, payable to
the City, is required.
ceive
Bond
or
in multiples of lA of 1%. Principal
and interest (M-S) payable at the
furnish
"
after five years
Rate of interest to be
on
:
'
^
•>
20—v. 168, p. 296—were purchased
168, p. 296
on July 21—v. 168,
296—were purchased by Boland, Saf fin & Co., of New Yorfcy
as 2J/2S,
at a prcie of 100.267, a
basis of 2.467%,
Dated Sept. 1,
par.
Schodackj
Millville, N.J.
Bond Offering—John H. Fisher,City 421erk, -will receive 'sealed
Township Sphool District
O. Marlboro), Neb.
Bond Sale—The $100,500 school
p.
Common Sch. Dist.
No. 9 (P. O. Jonesville), N. Y.
Bond Sale—The $8,000
build¬
purtenant coupons attached at the
First National Bank of Cape
May
or
was
Clifton Park
for
York
the Marine Trust
Co., of Buffalo,
R. D. White & Co., Roosevelt
until
Aug. 5 in amounts suf¬
sum of $6,-
now
New
Borough
tenders
District
at 100.66.
<
ficient to exhaust the
289.75
School
(P. O. Delmar),
Bond Sale—The
$550,000 build¬
ing bonds offered on July 20— v.
168, p. 296—were purchased by
,
Invited—The
receive
No. 6
The $200,000 tem¬
—
porary loan notes offered on July
20 were purchased by the National
(P.
bonds offered
and New Scotland
Central
Marlboro
the
city is pledged for the payment
principal and interest on both
issues and
Aug. 2, from 1950 to 1959 incl.
Bond
sold.
of
of $40,000 2V2%
full
school bonds.
Dated Aug. 2, 1948.
$1,000.
Due ; $4,000
on
Lincoln,
July 1,1948. Due
July 1, from 1949 to
The next highest
Hall & Co., for V&s,
on
inclusive.
Concord, N. H.
The
$150,000 sani¬
(abutting,
tary sewer system bonds offered
share) bonds. One bond for
on
July 21—v. 168, p. 93—were,
$837.49, others $1,000 each.
Due Sept. 1, as follows: $9,- purchased by the First National
Bank of Chicago, as
l%s, at a
837.49
in
1949
and
$10,000
price of 100.419, a basis of 1.265%.
from 1950 to 1953 incl.
Dated Aug. 1, 1948, Due .serially
Each issue will be dated Sept. 1,
on Aug. 1, from 1949 to 1958 incl.
District Clerk, will receive sealed
bids until 8 p.m. (CST) on Aug. 2
-
The
167, p. 93—were purchased
the Harris Trust & Savings
Bank
Bonner Dug-
City Clerk, announces that
following bonds aggregating
1948 and
1, 'from 1950 to 1959 inclusive.
vl11»rj
—
1953
NEW HAMPSHIRE
County School District
(P. O. Billings), Mont.
2
struction bonds offered on.
$64,057.27
street
intersection
(city's share) bonds of 1948.
Anoka),
v*
No.
inclusive.
Common
No. 48
(P.
&
of 1.38%, Dated
serially
at 100.11.
Yellowstone
Bond Sale
$113,894.76 will be sold at public
auction at 10 a.m. on Aug. 3:
Associates,
County
Paine, Webber,
Curtis, for 2y2s, at
was
of the amount
MONTANA
by
—
were
1949 to 1960 inclusive.
Offering
Bond
gan,
the
Minn.
Bond Sale—The $19,000 build¬
ing bonds offered on July 12—v.
168, p. 93 — were purchased by
/Kalman & Co., of St. Paul. Dated
Aug. 1, 1948. Due serially on Feb.
♦>
follows:
—
school
City National Bank & Trust Co.,
Kansas
City. Dated July 1,
1948. Due serially on Feb.
1, from
—v.
MINNESOTA
t'U;T
19
MISSISSIPPI
1948.
The next
was the
First of
Anoka
July
296
p.
$53,000
July 20—v. 168,
purchased by the
on
of
Greenwood, Miss.
Aug. 2,
highest bidder
Michigan Corp., and
for 3s, at 100.0002.
as
on
Sale—The
bonds offered
2%, plus $68.00.
:$260,000 series 1 bonds maturing
on Nov. 1, $195,000 as
3s, ma¬
turing from 1949 to 1951, and
1952.
sold
offered
$67,913 to the Stockyard National
Bank, South St. Paul, at 2%,
plus $68.00.
67,913 to the Drovers Exchange
State Bank, South St. Paul, at
of
$65,000
improvement certificates of
indebtedness
Royal Oak Township Sch. Dist.
The next
100.22.
western National
»
der
Sept. 1, from
on
syndicate composed of the North¬
Bonds Approved as to
Legality
Bank, First Na¬ —An issue of $34,000 public im¬
tional Bank, both of Minneapolis, provement bonds has been
ap¬
Kalman & Co., of St. Paul,
Piper, proved as to legality by Charles
inclusive.
v
Jaffray & Hopwood, J. M. Dain & Trauernicht, of St. Louis.
& Co., both of Minneapolis, Juran
Pennfield
Agricultural Sch. Dist.
&
Long Beach Municipal Separate
Moody, Shaughnessy & Co.,
No. 1, Pennfield Township
(P. O.
u
School District, Mtss.
both of St. Paul, C. S. Ashmun
^Battle Creek), Mich.
~Bonds Approved as to
Co., Allison-Williams Co.. both of
Legality
Bond Sale—The $60,000 school
Minneapolis, Harold E. Wood & —An issue of $30,000 public im¬
bonds offered on July 15—v.
168,
Co., Caldwell, Phillips Co., both provement bonds has been ap¬
p.
197—were purchased by Mc¬
proved as to legality, by Charles
of St. Paul, and Paine,
Webber,
Donald-Moore & Co., of Detroit,
& Trauernicht, of St. Louis.
Jackson & Curtis, of Chicago, as
at,a price of 100.028, a net inter¬
3V4s, at a price of 100.006, a basis
est"1 cost
of
1.902%, as follows:
of
3.249%. Dated Aug. 1, 1948.
MISSOURI
$47,000 as 2s, maturing on June 1,
Due serially on July 1, from 1950
from 1949 to 1952, and
$13,000 as
Rock Hill School
to 1973 inclusive.
District, Mo.
134s, maturing June 1, 1953. Dated
turing
Jackson
2 p.m. on
T.
(CST) on Aug. 3 for the pur¬
chase of $450,000 not to exceed
6%
interest
hospital
bonds.
Dated
Sept. 1, 1948. Denomination $1,000.
on
serially
1966 inclusive.
highest bidder
will
a.m.
Due
to
0.782%
Bond Sale—The
will
1948. Due
1949
Louis, will be furnished the
successful
tified
from
$65,000 municipal airport bonds.
65,000 municipal building bonds.
to
at a bank designated
by the purchaser, subject to ap¬
proval of the City Council. Legal
opinion of Charles & Trauernicht
President of Board of
on
(M-S)
be payable
Bond
Co., of Owatonna,
before Nov. 1, 1948.
or
Principal and interest
Co., for
Owatonna, Minn.
Bond
offered
pledged to pay the bonds of
issue.
Delivery of bonds to
that
be made on
2%s, at 100.312.
on
maturing on April 1, 1949 and
1950, and $42,000 as 2V4S, matur¬
ing from 1951 to 1953, all inclu¬
sive.
July 14.
on
a
price of 100.05, a net interest cost
of 2.132%, as follows:
$5,000 as
2%s, maturing on Oct. 1, from
1949 to 1953; $8,000 as 2s, matur¬
ing from 1954 to 1957, and $12,000
as
2 y4s, maturing from 1958 to
bonds offered
held
authorized at the election
be
53
serially
on
bidder
was
Aug.tJl T'948.
Aug.
inclusive.
1,
The
Due
ffbpfr 1949 to
tiext
J. G. White
highest
Cb., and
Associates, for 2.60s, at 100.386.
,
- -•••"
fire
sold
expiration
Hobart, N, Y»
'
Sale—An issue of $10,500
Bond
fighting equipment bonds was
recently to local banks, as
2V2S, at par. Dated July 1, 1948.
Due serially on July 1, from 1949
to 1960 inclusive. Approved as to
Robert L. Bishop, of
legality by
Delhi.
-v,
Richmond
County),
(Steuben
(Ontario
Canadice
and
Prattsburg and Cohocton
Springwater (Livingston
County), and Italy and Middlesex
Cbuhty),
Central Sch. Dist+
(Yates County),
No.
1, N. Y.
Bond Offering
—
treated
vipe
telephone
counsel
cannot be considered.
L. W. Bassett,
bids
Legal opin¬
Reed, Hoyt & Washburn, of
New York City,
will state the
notes are valid and legally bind¬
ion of
ling, Secretary of Local Govern¬
ment
Commission, will receive
sealed bids at his office in Raleigh
until JJL a.m.
the purchase
(EST) on July 27 for
of $30,000 not to ex¬
6% interest bonds, divided as
The $85,000 bonds
—
July 13—v. 168, p. 198
purchased by the Branch
Banking & Trust Co., of Wilson,
offered
E. Easter-
Offering —W.
Bond
Sale
Bond
Bethel, N. C.
.'
on
—were
price of 100.05, a net interest
cost of 2.2358%, as follows:
at
multiple of J/4 of 1%.
;
Principal and interest (J-J) pay¬
able at the office. of the Village
Treasurer.
No conditional
bids
will be received. The approving
it
interest in
Reidsville, N. C.
NORTH CAROLINA
will be
sealed bid. Under ad-
a
as
of
.•
received
are
which
during
period
bids
a
a
-
opinion of Vandewater, Sykes &
Heckler, of Cincinnati, will be
furnished. All bids must be uncon¬
ditional. A certified check for 1%
$50,000
parks and playgrounds
bonds, maturing on Feb. 1, as of
the bonds bid for, payable to '
.follows: $20,000 as 2s, matur¬
Roosevelt Fire District, Hempstead follows:
the Village, is required.
'. »
ing from 1951 to 1960; $10,000
(P. O. Roosevelt), N. Y.
$10,000 water and sewer bonds
as 2J/4s, maturing in 1961 an&
.Brewster, Ohio
Bond Sale
The $22,000 fire
(consolidation of $8,000 water
Note Sale
The $16,000 notes :
1962, and $20,000 as 2y2s, ma¬
apparatus and equipment bonds
and $2,000 sewer bonds). Due
turing from 1963 to 1966 incl. offered on July 14—v. 168, p. T98£
offered on July 20—v. 16.8, p. 198
on Feb.
1, as fallows:
$500"
were purchased
by the Brewster :
35,000 street improvement bonds,
—were
from 1951 to 1958, and $1,000
purchased by the South
Djua
as 2s. Due serially on Feb.
1, Banking Co., as 3 s,. at par.
Shore Trust Co., of Rockville Cen¬
from 1959 to 1964, all incl.
serially over a period not to ex¬
from 1950 to. 1957 ihcl.
tre, as 2.20s, at a price of 100.025,
ceed 3 years.
v; ►
*•"20,000 street improvement bonds.
Dated Aug. 1; 1948.
The next
a
basis of 2.194%. Dated Aug. 1,
Due on Feb. 1, as follows: $1,Burbank Local School Distridf
highest, bidder was the Equitable
1948. Due serially on Aug. 1, from
500 in 1.950 and 1951; $1,000 in
Securities
Corp., for $35,000 as
(P. O. R. >. D. No. 1),
1949 to 1958 inclusive. The next
: I
1952 and
1953; $2,000 from
Rurbanfz, Ohio
^
*
2V2S,
and
$50,000
as
2y4s, at
highest
bidder was Charles E.
1954 to 1958, and $2,500 ijn
Bond Sale—The $92,000 build¬
100.151.
Weigold & Co., for 2.30s, at 100.16.
1959 and 1960.
ing, unlimited tax bonds offered
Dated Aug. 1, 1948. Denomina¬
Salamanca (P. O. Salamanca),
Wayne County (P. O. Goldsboro)
on June 22—v. 167, p. 2631—were
North Carolina
New York
tion $500. Coupon bonds registerpurchased by J. A. White & Co.,
able as to principal only.
A sepa¬
Bond Offering — C. Bryan Ay- of Cincinnati, as 2J/2s, at a price of
Bond Sale — The $4,000 sewer
ing obligations of the City.
-
Bristol,
South
Naples,
sealed
Monday, July 26, 1948
FINANCIAL CHRONICLE
COMMERCIAL" &
THE
(394)
54
"
ceed
.
—
-
—
.
will receive sealed
bids until 3.30 p.m. <DST) on July
28 for the purchase of $60,000 not
District Clerk,
interest bus garage
exceed 5%
to
registered bonds.
Denom. $1,June 15, from
1949 to 1958 inclusive.
Bidders to
name a single rate of interest in
multiples, of l/\ or 1/10 of 1% and
must be for all of the bonds. Frijhcipal and interest (J-D) payable
1948
or
coupon
Dated June 15, 1948.
000. Due $6,000 on
the
Hiram
Maxfield State
Bank,
Naples.
The approving
opinion of Vandewater, Sykes &
Heckler, of New York City, will
be
furnished
to the purchaser
without cost. A certified'check for
at
construction bonds offered on July
rate
purchased by the First
National
Bank,
of
Salamanca.
Dated July 15, 1948. Due $200 on
July 15, from 1949 to 1968 incl.
than par
Saratoga, Northumberland, Wilton,
Stillwater, Easton, Fort Edward
and Greenwich, Central
Sch. Dist. No. 1 (P. O.
bonds of either issue
15
were
the School Dis¬
$1,200 payable to
trict, is required.
Schuylerville), N. Y.
-
Sale—The
Bond
Niagara Foils, Ni Y.
Offering
Note
■
Greagh, City Comptroller, will re¬
ceive
sealed bids until 11 a.m.
.cock, County Auditor, will receive
sealed bids until Sept. 14 for the
required. Bidders are requested to
name the rate or rates of interest
in .multiples of % of 1%. Each bid
may name one rate for part of the
purchase of $883,000 bonds, divid¬
$55,000 build¬
bonds offered on July
198—were purchased
by R. D. White & Co., of New
York, as l%s, at a price of 100.09,
21—v. 168, p.
July 26 for the purchase
$97,300 not to exceed 5% inter¬
est bond anticipation coupon or
from 1949
registered notes.
Dated Aug. 2,
1948.
Denom.
$25,000, one for
rate or
no
on
Princi¬
at the
.Central Hanover Bank & Trust
'Co., New York City. Rate of in¬
$22,300. Due Aug. 2, 1949.
pal and interest payable
multiples of V\ or
1/10 of 1%, and must be the same
for all of the bonds. The approv¬
terest to be in
ing opinion of Vandewater, Sykes
& Heckler, of New York City, will
be furnished the purchaser with¬
out cost. A certified check for $1,946
City,
the
to
payable
quired.
North Hempstead Union
is re¬
amount of bonds of each rate.
1,
The
Syracuse Housing Authority, N. Y.
Sale—The $1,013,000 tem¬
Note
loan notes offered on July
purchased by Boland,
& Co., of New York, at
porary
21
were
Saffin
plus a premium of $4.85.
Dated Aug. 2, 1948. Due Feb. 2,
1949. Approved as to legality by
Caldwell,
Marshall, Trimble &
Mitchell, of New York. The next
1.02%,
highest bidder was Salomon Bros.
& Hutzler, at 1.04%.
O. Kenmore), N.Y.
Offering—Roy R. Brock¬
Bond
right is reserved to reject all bids.
$600 payable
to the State Treasurer, is required.
A certified check for
Canton, N. C.
Bond Sale—The $150,000
public
improvement
bonds offered on
July 20 —v. 168, p. 297 — were
purchased by the First Securities
Corp., of Durham, and Byrne &
Phelps, Inc., of New York, jointly,
at a price of 100.16, a net interest
cost of 2.55%, as follows: $50,000
2s, maturing on June 1,1 from
to 1959; $50,000 as 2y4s, ma¬
turing froni 1960 to 1964; $20,000
as
4%s, maturing in 1965 and
1966, and $30,000 as 2s, maturing
from 1967 to 1969 inclusive. Dated
as
1951
June
1,
bidder
1948.
was
The
the
next
Vance
highest
Securities
Corp., Greensboro, and Associates,
for
1948 notes offered
July 19—v. 168, p. 297—were
000 not to exceed 5% interest cou¬
—
—
purchased by the Bessemer Trust
Co.
of
Jersey
City, at 1.10%.
Dated July 23, 1948, due Dec. 23,
1948. The next highest bidder was
Salomon Bros. & Hutzler, of New
York, at 1.20%.
Oyster Bay Union Free Sch. Dist.
No. I (P. O. Glenwood
Landing), N. Y.
school
July 22—v. 168,
sealed bids until 3 p.m.
pon
as
bonds offered on
from 1949 to 1968 inclusive.
550,000 Water Acquisition and
Storage District bonds.
Due
on July 1, as follows: $20,000
from 1949 to 1953, and $30,000
from
Co., both of New York, jointly,
1.70s, at a price of 100.13, a
basis of 1.724%. Dated July 15,
1949
July 15, from
inclusive.
1958
to
on
The
next
highest bidder was the First Na¬
tional Bank, Glen Cove, for 1.80s,
5
26,000
Water Acquisition
and
Storage District bonds.
Due
on
July 1, as follows: $2,000
from 1949 to 1958, and $1,000
from 1959 to
Bond
Offering
—
Howard S.
000.
1964, all incl.
tiples
of
be
%
or
the
1/10
of 1%
for
must
until
noon
(DST) on July 26 for the
purchase of all or none of $7,500,000 general and refunding, 13th
all of
and
the
bonds. Principal and
sealed bids will be received
series
Due
bonds.
$1,500,000
on
July 15, from 1949 to 1953 incl.
Copies of the prescribed bidding
form, the Official Statement of the
Authority, and of the resolutions
pursuant to which these bonds are
be issued, may be obtained at
the office of the Treasurer. A cer¬
to
tified
check
for
$150,000
is
re¬
quired.
Rochester, N. Y.
Note
Offering
Whitley,
receive
City
sealed
—
W. Raymond
until
3
will
p.m.
(DST) on July 27 for the purchase
of
$50,000
capital se\yer notes.
Dated Aug. 1, 1949.
Due May 1,
1949.
A telegraphic bid if deliv¬
ered to the Comptroller
White
Plains
Note
Housing Authority,
New York
■
Sale—An issue of $2,000,-
loan notes was
July 16 to Salomon
Bros. & Hutzler, of New York, at
temporary
awarded
on
1% plus a premium of $41. Dated
Comptroller,
bids
same
interest (JJ) payable at the Bank of Kenmore.
The approving opinion of
Vandewater, Sykes & Heckler, of
New York City, will be furnished
the purchaser without cost. A cer¬
tified check for $63,260 payable to
the Town, is required.
000
before the
divided
W. E. Easter-
as
follows:
15,000 sidewalk bonds.
Due on
Feb. 1, as follows: $1,000 from
1941 to 1959, and $2,000 from
1960 to 1962,
Boland, Baffin ,& Co., for
at
1.00%; $800,000 at
1.02%. and $1,000,000 at 1.03%,
plus $32.
$200,000
Sch.
Hiltsboro
Sale
Bond
bonds
—
offered
Dak.
N.
Dist.,
school
The $60,000
on
13
July.
offered
on July 16—v. 168, p. 95—
purchased by McDonald '&
Co., of Cleveland, as iy2s, at a
orice of 100.16, a basis of 1.468%,
were
bid
the
amount
District,
N.
Bond Offering—Hazel J.
Dak.
Small-
of Board of Educa¬
tion, will receive sealed and oral
bids unutil 7:30 p.m.
(CST) on
wood, Clerk
bonds. Due
building coupon bonds. Dated July
1, 1948. Due on July 1, as
follows:
$30,000 from 1951 to 1956, and
$35,000 from 1957 to 1963 inclu¬
sive, optional on July 1, 1958, at
par and acrued interest. The ap¬
proving opinion of Dorsey, Colman, Barker, Scott & Barber, of
Minneapolis, will be furnished. A
certified check for $9,000 is re¬
A certified check for $6,-
3G0 payable to the State Treasur¬
er,
is required.
Dec.-1,
on
street improvement,
55,000
enth issue,
serially
1.958
on
sev¬
1948 bonds.
Due
Dec. 1, from 1949
incl.
:
Dated
Aug. 1, 1948.
The next
highest bidder was J. A. White &
Co., for iy2s, at 100.03.
^$
V
■
Voted
Bonds
election held
000
—
on
At
the
Dak.
special
July 12 the vot¬
approved the issuance of $25,improvement bonds.
Nelson
County (P.
O. Lakota),
Offering—Sealed-bids will
Bond
be
received
itor,
chase
by the County Aud¬
for the pur¬
court
house
Due $15,000 from 1950 to
until Aug. 18
of
$132,000
bonds.
1957, and $12,000 in
1958.
chased by Fahey, Clark &
Co., of
price of
100.611, a basis of 1.862%.
Dated
July 15, 1948. Due serially on July
15, from 1949 to 1956 inch-...Hie
next
highest bidder was Grant
Brownell & Co., and Ohio Co. of
Cleveland,
as
Columbus,
jointly,
Sale
—
The
$4,500
purchased
2738—were
North
of
as
1950 to
Dakota,
ledo,
100.336,
June; 1,
as 2y?s, at a price of
basis of 2.437%.
Dated
1948.
Due serially on Dec. 1, from
1949 to 1958 inclusive.
The next
highest bidder was Seasongood &
Mayer,
and
Provident Savings
Franklin County (P. O.
Columbus), Ohio
by the
of
Bis¬
serially on July 1,
1954 inclusive.
Bond Sale Postponed—The sale
of
the
168,
until
$49,100
p.
highest bidder was Hay-
den, Miller & Co., and Ryan, Suth¬
erland & Co., jointly, for 2s, at
100.173.
Asheville, Ohio
W.
Fulton.
Village Clerk, will receive sealed
bids until noon (EST) on Aug. 6
the
purchase of $6,000 3%
improvement bonds.
water works
Dated July 1,
may
election
1948. Denomination
Election—At
in
000.000
the
airport
„
general
the
voters
issuance
of $6,-
November
will consider the
and
road
bonds;
bonds; $1,000,000 court house annex and juve¬
nile detention home bonds, and
$2,500,0.00 sewer bonds.
$2,500,000
library
Lima, Ohio
Bond
Offering—L.
17.
County (P. O.
Cincinnati), Ohio
'<f
Bond
The next
for
297—has
Aug.
line sewer
July 27—v.
been postponed
trunk
scheduled
bonds
Hamilton
Bond Sale—-The $262,000
1950
j
at
214s,
a
Akron, Ohio
$200.
for
special
bonds
offered on July 19—v. 168, p. 95—
were
purchased by a syndicate
composed of Braun, Bosworth &
Co., Inc., Ball, Burge & Kraus,.of
Cleveland,
Ryan, Sutherland &
Co., and Roose & Co., both of To¬
OHIO
for
a
Bond Sale—The $387,000
assessment
improvement
City
2s, at par. Dated July
Due
1948.
from
at
100.45.
bonds offered on June 26—v. 167,
Bank
2s,
Bank
&
Trust
Co.,
Cincinnati,
jointly, for 2%s, at 100.63. *
Rolette, N. Dak.
p.
j
j
Euclid, Ohio
School District, N.
Mott
ers
I
Dayton City School District, Ohio
quired.
Bond
chaser.
serially
Note Sale—The $600,000 tax a*rAug. 10 for the purchase of $425,-. ticipation notes offered on July
000
not
to
exceed 3%
interest 15—v. 168, p. 194 — were pur-
of
con¬
Dugway Brook conduit
culvert, fifth issue 1948
58,000.
to
School
Minot
bonds of each rate. No bid for less
than all of the bonds will be
1, from 1949 to 1956
incl.
100.08.
at
refund¬
ing bonds offered on July 19—v.
368, p. 95 — were purchased by
of 1%.
Each bid may name one
Halsey, Stuart & Co., as 2s, at a
rate for part of the bonds of any
price of 1.96%. Dated Aug. 1, 1948.
issue (haying the earliest matur¬
Due on Nov. 1, in 1955 and 1956.
his
Dec.
on
from 1949 to 1958 incl.
1,
in
•
issue 1948 bonds. Due serially
000.
cify
;
.
sixth
equipment,
July 1, 1948. Due serially on July
1, from 1949 to 1968 incl. The next
highest bidder was the Bank of
North Dakota, Bismarck, for 2V2s,
marck,
issue, and each bidder must spe¬
motor
and
all incl.
ities) and another rate or rates for
the balance, but no bid may name
more Than four rates for any one
'
follows:
as
$70,000
Forks, jointly, as 2y2s, at a price
of 100.16, a basis of 2.482%. Dated
1950; $3,000 from 1951 to 1955,
and $5,000 from 1956 to 1968,
1, 1948. Denom. $1,Registerable as to principal
only. A separate bid for each is¬
sue (not less than par and accrued
interest) is required. Bidders are
requested to name the rate or
rates of interest in multiples of V*
Cleveland Heights, Ohio
— The
$183,000 bonds
Bond Sale
were
purchased by the First National
Bank of Minneapolis, First Na¬
tional Bank of St. Paul, and Red
River National Bank of
Grand
Bond
Dated Aug.
a basis of 2.31%.
Dated
1, 1948. Due serially on Npv.
1, from 1949 to 1968 incl.
101.144,
June
follows:
NORTH DAKOTA
all incl.
50,000 equipment bonds. Due on
Feb. 1, as follows: $20,000 in
Aug. 2, 1948. Due Feb. 2, 1949. Ap¬
sidered. The approving opinion of
proved as to legality by Caldwell,
Marshall, Trimble & Mitchell, of Mitchell & Pershing, of New York
New York. The next highest ibid-!
City, will be furnished the pur¬
der was
as
N. Dak.
$250,000 sanitary sewer bonds. Due
on
Feb. 1, as follows: $4,000
from 1951 to 1960; $5,000 in
1961
and
1962, and $10,000
from 1963 to 1982, all incl.
Rate of interest to be in
Cullman, Chairman, anounces that
—
ling,'Secretary of Local Govern¬
ment
Commission, will receive
sealed bids at his office in Raleigh
until 11 a.m. (EST) on July 27 for
the purchase of $315,000 not to ex¬
ceed 6%
interest coupon bonds,
July 1, 1948. Denom. $1,mul¬
Dated
Authority, N. Y.
Due on
as
100.122.
Port of New York
bonds.
Dis¬
follows: $4,000 from
1949 to 1961, and $5,000 from
1962 to 1968, all incl.
&
serially
1968, all incl.
Distributing
trict No.
July 1,
as
1948. Due
1954 to
Water
87,000
297—were purchased by Fran¬
du Pont & Co., and Tilney
Concord, N. C.
Bond Offering
$2,500,000 Drainage District No. 2
bonds. Due $125,000 on July 1,
cis I.
$40,000 2s, $10,000 2V4s, $40,000
2y>s, and $60,000 23/4s, at par.
registered bonds, divided
or
follows:
Bond Sale—The $114,000
at
March
on
1959 inclusive.
The
approving opinion of Mitchell &
Pershing, of New York City, will
be furnished the purchaser.
The
(DST) on
Aug. 2 for the purchase of $3,163,-
anticipation
p.
serially
to
than three
and each
must specify in his bid the
ets Town Supervisor, will receive
Sale
Note
on
Due
1948.
Tonawanda (P.
Free
(P.O.
Neck), N. Y.
The $400,000 tax
School District No. 7
Great
basis of 1.732%. Dated March 1,
a
ed
$749,000 school building bonds.
134,000 refunding bonds.
bid may name more
for either issue,
bidder
next highest bidder was Roosevelt
& Cross, for 1.90s, at 100.33.
(DST)
of
(having the
maturities) and another
rates for the balance, but
earliest
rates
1948
ing,
Eugene T.
—
bid for each issue (not less
and accrued interest) is
Offering—G. A. Burgoon,
City Auditor, will receive sealed
25
fbr the purchase of $49,175.82 3%
sewer, special assessment bends.
Dated July 1, 1948; Denomination
$1,000 one for $1,175.82. p,ue jon
Nov.
1, as follows: $4,175.82 in
bids until noon (EST) on Aug.
1949,, and $5,000 from 1950Oto 1,9,58
Due $200 on, Jan. 1. from
inclusive. Bidders may bid for a
to 1979 inclusive. Bidders •
bid for
a
different rate of
different rqte/of interest id
------
-:
::: .A
1
j
ji
I
Volume 168
Number 4719
THE
tiple of }k of 1%. The approving
opinion of Peck, Shaffer & Wil¬
liams; of Cincinnati, will be fur¬
nished. A certified check for 1%
ot'the bonds bid for, payable to
COMMERCIAL & FINANCIAL CHRONICLE
Dated Aug. 1, 1948. The next terest
(F-A)
payable
at
highest bidder was the Ohio Co., I County Treasurer^ office.
of
Columbus, for $171,000 as 2y4s, approving
opinion
$168,000 as 2i/2s, $50,000 as 2s, and/McCulloeh, Shuler
$25,000
OKLAHOMA
$1,000. Due $5,000
1949
to
19/2
may
bid
for
iriterest in
Bidders
different
a
of
rate
multiple of Va of 1%.
The approving opinion of Squire,:
Sanders' & Dempsey, of Cleve¬
land, will bb fiirnished.. A certi¬
a
Town
.
"I
July 19—v. 168, p. 298—were
purchased by the State, as 4s, at
a price of 100.11, a basis of 3.97%.
Dated April 1, 1948. Due serially
on April 1, from
1963 to 1969 in¬
clusive. The next highest bidder
•''
Clerk,
check for $1,200 payable to
Village. Treasurer, is required.
was
A
certified
amount
to k 1961
1951
check
inclusive.
for -2%
of
the
bid, is required.
) the
First
National
Bank,
>
Multnomah
Ncrth Kingsville, Ohio
'Bond Sale Details —In
tion
I
with
t d
Blaine
connec¬
the sale of the $17,0u0
building construction
bonds to Hayden, Miller & Co., of
Cleveland, as reported in our July
12 issue—v. 168, p. 199—we learn
the' bonds were sold as 2V4s, at a
s
r a
g e
price of 100.623,
County (P. O, j
Watcnga), Okla,
Bond Sale—Tne $li5,uo0 County
separate
scho 01 improvement
bonds offered on July 21—v. 168,
p.
298—were purchased by the
basis of 2.09%.
a
Shaker
Heights, Ohio
Certificate Offering—T. E. Cooks
-
Director, of Finance, will receive
sealed bids until noon (DST) on
Aug., 9 for the purchase of $500,000 -equipment trust—1948 certifi¬
cates., Denom, $1,000. Due $50,000
6n Aug. 1, from 1949 to 1958 incl.
All
certificates
maturing' after
Aug. 1, 1953, will be callable as a
whole on Aug. 1,1953. or any div¬
idend
of
payment date thereafter at
and accrued dividends to date
par
redemption.
The City will fur¬
nish at its own expense the ap¬
proving opinion of Squire, Sand¬
ers
& Dempsey, of Cleveland,, as
to the
legality of the certificates.
$&ch bid shall be made on a form
;
*
which may be obtained from the
Bank & Trust
First National
of Oklahoma.
est
cost
of
Co.,
net inter¬
Due serially
City, at
1.85%.
from 1951 to
a
No,
2T
O. 18037,
St., Port¬
land ),
Ore. Bond Sale—The $66,000 school
bonds offered on July 15 were
purchased by Blyth & Co., of Port¬
land, as follows: $2i,G00 as 3%s,
maturing on Jan. 1, from 1959 to
1953, and $45,000 as 2V2S, matur¬
ing on Jan, 1, from 1954 to 1962,
all inclusive. Dated July 1, 1948.
Due serially on Jan. and July 1,
from
1961 inclusive.
Sale
connec¬
City.
Toledo, Ohio
BondTSale—The $75,000 street
bonds
improvement
offered
on
July 20—v. 168, p. 95—were pur¬
Aug. 1, 1948, Due serially on Nov.
J, from 1949 to 1953 inclusive. The
next
highest bidder
Cleveland
was
the First
Cleveland,
Corp.,
for
l%s, at 100.553.
]Vapakaneta Ciiv Sch. Dist,, Ohio
4
Offering
Bond
—
A. Klipfel,
A.
jClerk of Board of Education, will
Paul
Hauser,
ceases
issue—v.
learn
167
above
with
Bank
7
was
Commerce
of
Nashville, B. J.
Co., of New York,
and McDougal & Condon of Chi¬
cago, in the purchase of the bonds
Van
Ingen &
at 100.08, a net interest cost of
2.79%, for $220,000 as '2%s; $550,000
as
2%s, and $180,000
as
3s.
Frederick, Okla,
vided
follows:
as
.
.
$190,000 water works bonds.
160,000 community building
bonds.
These
are
the bonds authorized
at the election held on.
to
220
on
now
named
the
im¬
June
our
2518—we
p.
that the
associated
Union
in
reported
as
July 13.
,,
inclusive.
•
Interest
date called.
Tillamook,: Ore.
disposal bonds offered on July 19
were purchased
by the First Na¬
tional Bank, of Portland, as 2%s,
at a price of 100.39.
PENNSYLVANIA
bids
until
6.000
inclusive.
1963
Each bid shall
.
—
'*
Bosworth
Braun,
-
&
Co.,
Inc.
price of 100.57, a
2.903%. Dated Aug. 1, 1948.
Due
Jointly, as 2V4s, at a price of serially on. Aug. 1, from 1950 to
lpO.17, a basis of 2.225%, as fol- 1959 inclusive.
\!
lows:
$171,000
I.
serially
i;:
a-R to
i:
on
bonds.
Oct. 1,
Due
from 1952
Due
-
serially
1, from
Spring Common Bridge
bonds.
Due
serially
% from 1949 to
on
Oct.
1958 inclusive.
25,000 - fire station
.
v;
Oct.
on
1949 to 1965 inclusive.
.^50,000
i
Harney County Union High School
District
No.
11
(Pi Q.
■
Crane,
1959 inclusive.
lP8,000 park improvement bonds.
•
I
refunding
serially
:
on Oct.
to 1&53 inclusive,
bonds.
Due
1, from 1949
s
^
V
Ore.
Bond Offering—Sealed bids will
be received by the District Clerk,
until 2 p. m. (PST) oh July 26 for
the purchase of $5O,0Q0
not to
exceed
Dated
4%
interest school bonds.
Aug. 15,1948. Denomination
$1,000. Due
on
Aug. 15,
as
follows:
$4,000 from 1950 to 1954, and $5,000 from 1955 to 1960, optional on
Aug.1 15, 1955, Principal and in-
199
p.
purchased by the First
Boston Corp., F. S. Moseley & Co.,
of New York, and J. C. Bradford
& Co.* of Nashville, jointly, at a
price of 100.0366, a net interest
cost of 2.4713%, as follows: $290,000 as 23/4s, maturing on July 1,
from
1950 to
1955; ,$285,000 as
2y4s,
maturing
from
1956
to
1960, and $625,000 as 2%s, matur- J
ing from 1961 ;to 1969, all inclu¬
sive. Dated July 1, 1948. The next,
highest bidder was Smith, Barney
& Co., B. J. Van Ingen & Co., and
Securities
Cumberland
Corp.#
Nashville, jointly, for $283,000 as:
2%s,
$962,000
and
100.019.
School District No.
Falls
Chester
6,
■'
.
2^s#at:
as
r
„
$370,000 school
July 20—v. 168,
p. 199—were purchased by a syn¬
dicate composed of the Trust Co.
on
Chicago.
Charlotte,
Clement A. Evans & Co., of At¬
lanta, and G. H. Crawford & Co.,
Brownsville,
of
Columbia, at 100.10,
fol¬
as
(J-J) payable at the National City
Bank, New York. Approved as to
legality by Chapman & Cutler, of
Georgia, of Atlanta, Interstate
Corp.,
15,
$172,000 in 1964, and $155,000 in 1965. Principal and interest
Bond Sale—The
bonds offered
15, 1948. Due on Jan.
lows:
(P. O.
Great Falls), S. C.
County
Voted
Bonds
held
—
Texas
At
election
an
the voters ap¬
proved the issuance of $1,750,000
July
on
terest cost
of
2.619%,
17
a
as
Ellis
*
3s,
basis of
July 20—v. 168,
on
were
Beresford, S. Dak.
to
as
U
ric power revenue, series B bonds
offered
.
of
Philadelphia,
as
Bond
son,
Offering—Add B. Ander¬
Secretary of Board of Public
County Road District No.
O. Waxahachie), Texas
Not
Bonds
Voted—At
6
elec¬
an
City Auditor, will receive sealed
tion
bids until 8 p.m. (CST) on July 26
tor the purcnase of $25,000 not to
$450,000 road improvement bonds.
exceed 2 V2 % interest street
bonds.
held
July 10 the voters
did not approve the issuance of
on
repair
and
maintenance
coupon
Branch
Farmers
July 1,1948. Denom. $1,000.
Due $5,000 on July 1, from 1949 to
1953 inclusive.
Principal and in¬
terest
(J-J)
National
payable at the
First
Bank of Beresford.
The
City
will
furnish
the
printed
bonds and the
approving legal
opinion of Dorsey, Coleman, Bar¬
ker, Scott & Barber, of Minneapo¬
lis, both without expense to the
purchaser.
No bid for less than
par and accrued interest will be
considered.
A certified check for
$500 payable to the City Treasur¬
er, is required..
Highmore, S. Daki
Bond
Offering
Bond
Independent Sch.
Texas
Dist.,
Dated
Offering—Harry E. Black¬
President of Board of Trustees,
er,
will
receive
sealed
bids
until
8
(CST) on July 26 for the
purchase of $125,000 not to exceed
3 V2 % interest school house bonds.
Denom. $1,000. Due on Dec. 1, as
follows: $1,000 from 1948 to 1952;
$3,000 from 1953 to 1957; $4,000
from
1958 to 1962;
$5,000 from
1963 to 1972, and $7,000 from 1973
to 1977 inclusive.
The District
will furnish the printed bonds and
a certified record of the proceed¬
ings
including
the
approving
opinion of the Attorney-General
p.m.
J.
Drew,
of
City Auditor, will receive
sealed
quired to name in his bid the rate
or
rates of interest in multiples
of Va of 1%, and not more than
three rates may be named by each
bidder.
A certified check for $2,-
bids until
2
for the
—
R.
10
a.m. (CST) on Aug.
purchase of $10,000 3%
water works bonds. Dated
Aug. 1,
Aug. 1, 1968. Callable
City for payment before
maturity after three years from
their date.
Principal and interest
(F-A) payable at the City Treas¬
1948.
by
Due
the
Offering
State.
Each
bidder
is
re¬
payable to the District, is re¬
quired.
1|;
Fayette County Commissioners Pre¬
cinct No. 4 (P. O, La Grange),
T exas
Irene, S. Dak.
Bond
the
500
urer's office,
reported.
Philadelphia School District, Pa.
(P.
Bond Offering—Mamie Toomey,
Bond
Bank.of Portland,
(P. O.
C.
—
Ebensburg (Cambria County), Pa.
equipment
a
School
»
Bond Sale—The $1,200,000 elec- :
SOUTH DAKOTA
*
at
the
100.29.
„
National
forth.
Chattanooga, Tenn.
>
net in¬ various bonds.
follows
Dawson County (P. O. Lamesa),
$250,000 as 2V2S, maturing on Aug
T exas
100.52, a basis of 1.283%. Dated 1, from 1949 to 1962, and $120,000
Aug.,1, 1948. Due serially on Aug. as 23/4s, maturing from 1963 to
Bonds Not Voted—At an elec?
1, from 1949 to 1959 inclusive. 1968, all inclusive. Dated Aug.
tion held on June 15 the voters
The next highest bidder was Har- 1948.
did not approve the issuance of
riman Ripley & Co., for IV2S, at
$250,000 road bonds.
—
Co., both of Cleveland, and
to
TENNESSEE
;
117, a net interest cost of 2.304%,
TEXAS ;
as follows: $290,000 as 2y4s, ma¬
turing on July 15, from 1949 to Bexar County (P. O. San Antonio)*
Texas
1960, and $60,000 as 2%s,- matur¬
ing in 1961 and 1962. Dated July
Bond Sale—An issue of $327,00Qi
15, 1948. The next highest bidder 3% permanent improvement re¬
was
the Harris Trust & Savings
funding bonds was purchased re¬
Bank, Chicago, and A. M. Law & cently by the Ranson-Davidson
Co., jointly, for $260,000 as 2.%s, Co., and M. E. Allison & Co., of
and $90,000 as 2V2s, at 100.199.
San Antonio, jointly.
Dated July
of
168, p. 199—were purchased
by Moncure Biddle & Co.,
of
Philadelphia, as l3/4s, at a price of
.
ler,
set
The $350,000 gen¬
obligation bonds offered on
July 22—v. 168, p. 199—were pur¬
chased by a syndicate composed
of the Trust Co. of Georgia, of At¬
lanta, James Conner & Co., of
Charleston, G. H. Crawford & Co.,
of Columbia, and Varnedoe, Chisholm & Co., of Savannah, at 100.-
20—v.
'
.
Sale
Securities
noon
lley, Shepard & Co., Hayden, Mil-.
payable
Doylestown School District, Pa.
Bond Sale— The $55,000 im¬
provement bonds offered on July
District,
transportation
election
to
coupon
eral
of
specify a single rate of interest in
a multiple-of Va of 1%.
purchase bonds.
Principal
fEST) on Aug. 6 for the purchase
and interest payable M-S. RegisNichols Hills, Okla.
of $550,000 3% building, unlimited
terable as to principal only. The
tax bonds.
Dated Aug. 1, 1948.
Bonds Voted
At an election
purchaser will
receive without
Denom. $1,000.
Due $11,000 on held on July 6 the voters ap¬ charge the opinion of Burgwin,
May and $12,000 Nov. 1, from proved -the issuance of $200,000; Churchill & Ruffin, of Pittsburgh,
1949 to 1970, and $11,000 May and various bonds.
that the bonds are valid, general
Nov. 1, in 1971 and 1972. Principal
obligations of the Borough.
The
OREGON
^ Phd interest
(M-N) payable at the
right is reserved to reject any or
First National Bank, Wapakoneta. Benton County Sch. Dist. No. 43 all bids. A certified check for $600
Bidders may bid for a different
(P. O, Route 4, Albany), Ore.
payable to the Borough, is re¬
rate of interest in multiples of Va
Bond Sale—An issue of $15,000
quired.
of 1%. The approving opinion of school bonds was sold
recently as
Oil City, Pa.
Squire, Sanders & Dempsey, of 3s, at a price of 100.62, a basis of
Bond Sale Details—In connec¬
Cleveland, together with the 2.93%.
Dated Aug. 1, 1948. Due
printed bonds will be furnished serially on Aug. 1, from 1950 to tion with the sale of the $200,000
at the expense of the Board of
1964 incl. Approved as to legal¬ improvement bonds to Harriman
Education.
A certified check for
ity by Winfree, McCullock, Shu¬ Ripley & Co., Inc., as ,lV4s, at a
price of 100.179, a basis of 1.193%,
$6,000 payable to the Clerk-Treas¬ ler & Say re, of Portland.
as reported in
our July 19 issue
urer, is required.
Douglas County Sch. Dist. No. IS —v. 168, p. 298—we learn that
Youngstown, Ohio
(P. O. Days Creek), Ore.
Janney & Co.,
of Philadelphia;
T Bond Sale—The $414,000 bonds
Bond Sale
The $20,000 school were associated with the above
|bff£red on July 21—v. 168, p. 95— bonds offered on July 13 were named in the purchase of the
;w$3re purchased by Prescott, Haw- purchased by the United
States bonds instead of Yarnall & Co.,
sealed
receive
the
on
series will be
from
Charleston}, S.
Great
Sale—The
ment bonds.
Voted —At
July 13 the voters ap¬
proved the
issuance of $75,000
lospital construction bonds.
SOUTH CAROLINA
Bond Sale—The $90,000 sewage
Offering—Bussie Simons,
Okla.
Secretary, will receive sealed bids
$63,000 bonds,
until 7.30 p.m. (EDST) on July 26
offered on July 13 were purchased
for the purchase of $30,000 gen¬
by the First State Bank, of Idabel,
eral
obligation
coupon
bonds.
as 2s, as follows:
Dated Sept. 1,1948. Denom. $1,000.
$57,000 construction and improve¬ Due $2,000 on Sept. 1, from 1949
School
Idabel
Bond
held
.
H.
204
chased
by J. A. White & Co., of
Cincinnati, as IVaS, at a price of
100.238, a basis of 1.425%. Dated
—
City,
$950,000
and
Bond Offering—Sealed bids will
y*
Salem, Ore.
Call
tional Bank & Trust Co. of Kansas
extension
be.received by the City Clerk, un¬
til 8 p.m. (CST) on July 27 for
the purchase of $350,000 bonds di¬
for $10,000 payable to the
1962 inclusive.
provement bonds to the; Cjty Na¬
work's
certified check-
a
Bond
to
City Treasurer, calls for payment
on
Aug. 15, all outstanding re¬
funding bonds, series 1935 E, Nos
tion with the sale of the
water
Director of Finance, and shall be
accompanied toy
1950
!
Details—In
same
Charleston County
Bond
A Tyndall, S. Dak.
„
Bonds
District, is required.
(P.
S, E. Stark
Duncan, Okla
Bond
in
send, Elliott & Munson, of Phila¬
delphia. A
certified
check
for
$240,000
•
,
be
registerable as to
or in fully regis¬
requested,
and
hereinbefore,
County Sch. Dist.
r
J ;
will
These bonds will be issued subject
to the favorable opinion of Town-
Portland, for 4^s, at 100.25.
Street equipment bonds.. Due $1,from
dif¬
more
will be
as
interchangeable
on
will receive sealed
bids vntil;v,2 ikm:J (GST)pn July
29rl for tbe^; purchase of $11,000
000
form,
or
interest
bonds
Angel,/ Ore, V
registered form, and will also be
Bond Sale—The $20,000 water
interchangeable as to the denom¬
general obligation bonds offered
inations ;
Beaver, Okla,'-y
Offering—Olam Overton,
Bond
fied
the
'«■•
Sept: 1, from
on
inclusive.-
District, is required.
tered
Mount
electricV distribution,1 system
bonds.
form,
coupon
bonds of the
Altus, Okla.
Bonds; Not Votedr-.At an; elec¬
tion held on April 6 the voters did
not iapprove the issuance of $125,-
000
The
principal onlyj
Mt.
Aug. 5 for the purchase of $120,000 3%% building and site bonds.
Dated Sept. 1, 19*8. Denomination
Sayfe,#of
&
of
rates
considered.
the
the City, is required,
Healthy, Ohio
*
; ' Bond • Offering — Edward G.
Ruoff, Village' Clerk, will receive
Sealed; bids until noon (EST) on
ferent
Portland, will be furnished. A cer¬
tified check for $2,500 payable to
iy4s, at 100.399.
as
of
bid; combining two
the
The
Winfree,
55
(395)
—
Bonds
Town
Clerk
Not
Voted—At
an
elec¬
tion held on...July 10 the voters did
will receive
sealed and oral bids
until 8 p.m. (CST) on Aug. 2 for
the purchase of $25,000 not to ex¬
ceed 5%
interest sewer coupon
not approve the
000 road bonds.
issuance of $450,-
Education, will receive sealed bids
Flatonia Independent Sch. Dist.,
until 11a.m. (EST) on Aug. 11
Texas
for the purchase of $12,000,000 bonds. Dated July 1, 1948. Due on
Bond Sale—An issue of $85,000
improvement bonds. Dated Sept. July 1, as follows: $1,000 from 1949
1, 1948. Denomination $1,000, or to 1963, and $2,000 from 1964 to bonds was purchased recently by
at the request of the successful 1968, optional July 1, 1959. Rate the Central Investment Co., and
bidder in the
denominations of of interest to be in multiples of Rauscher, Pierce & Co., both of
$10,000 or $100,000 or both. Due Va or 1/10 of 1%. The approving San Antonio, jointly, as follows:
$500,000 on Sept. 1, from 1950 to opinion of Dorsey, Colman, Bar¬ $15,000 2 V2 % auditorium-gymna¬
1973 inclusive. Bidders to name
sium construction bonds. Due
ker, Scott & Barber, of Minne¬
the rate of interest in multiples of
serially on Aug.llii.from 1949
apolis, will be furnished. A certiVs
of
1%. Bids
will be
received
to 1953 incl.
.
,
J
only for the entire issue and" £rt"^ie^ check for ^OtLgayable to the
only one rate of interest, and no Town Treasure#!!? required.
19,000 3%
:
r»nr> 0- \
auditorium
- rgymnasium construction bonds/ Due
I'"
•
*'*
,
A/
,
j.
.
\
COMMERCIAL
THE
(396)
50
& Co., of
er
Aug. 1, from 1954
on
&
wood
held
13 the voters ap¬
issuance of :■ $500,000
system and sanitary
July
on
the
proved
water works
'
Littleheld, Texas
Sale—The
$450,000 water
and sewer revenue bonds author¬
ized at the election held on July
Bond
.
7 have been sold at 33/4s.
in
rially
years.
30
years,
Due se¬
option
bidder
Bonds Voted
on
July
—
8
voters
proved .the issuance of
sewer system bonds.
tion held on
Bonds Voted—At
tion held
on
a
.
!
1
of
B o
n
d
Sale
—
on
July 9 the voters did
the issuance of $130,-
community building bonds.
Quitman, Texas
Bonds Voted
held
election
The $1,000,000
June
on
Co.,
Bonds Voted
held
June
on
At
—
29
both of Houston, Thomas &
Co., of Pittsburgh, James C. Tuck¬
offered
election
—were
the.voters ap¬
proved the issuance
highway bonds.
& Co.,
an
of
nounced
$25,000
&
Voted
Bonds
Equitable Life Asurance Society
the Met¬
of the United States and
ropolitan Life Insurance Co. The
undertaking
repay
a
At
—
ada's dollar reserves.
election
an
the
Dumas), Que.
$350,000
3%
Offering—Vincent Jesse,
8
until
bids
(CST) on Aug.
of $1,200 not
p.m.
12 for the purchase
Due
1948.
1,
Sept.
Dated
bonds.
school
interest
5%
exceqd
to
$400 on Sept. 1, from 1949 to 1951
inclusive. Payable at the First
semi-annualconstruction
*
was
Oct. 15,
$450,000 school
July 16
—v.
168, p. 200—were purchased
by the Milwaukee Co., of Mil¬
waukee, and Harris, Hall & Co.,
of Chicago, jointly, as lV4s, at a
price of 100.039, a basis of 1.242%.
Dated July 15, 1948. Due serially
on July 15, from 1949 to 1958 incl.
The next highest bidder was the
building bonds offered on
&
Trust
Harris
semi-annual fire station con¬
bonds was sold recently
3%
struction
Savings
CIRCULARIZE the Investment
Voted
Bonds
held
July
on
Bank,
—
At the election
6
the
voters
ap¬
issuance of $150,000
the
proved
school construction bonds.
WYOMING
We
have
for
every
a
metal stencil
of North America" arranged
and
Cities,
This
list
Fremont County
alphabetically by States
No. 32 (P.
ney,
up-to-the-minute service available.
Our
charge
States
or
SPECIAL
selected
Canada)
N.
A.
States
All
addressing
We
can
at
a
also
S.
or
D.
LIST
(main
supply
the list
on
offices
only)
purchased re¬
syndicate composed of
Royal Bank of Canada, of
bonds was
cently
the
Montreal,
District Clerk, will receive
(MST) on
1948.
$3,000 in 1949; $2,000 in 1950;
reject any or all bids and to sell
the bonds at private sale. The ap¬
opinion
proving
Herbert D. Seibert & Co., Inc.
New York 7, N. Y.
:
of
Myles
P.
Tallmadge, of Denver, will be fur¬
nished. A certified check for 5%
of the
amount bid, payable to the
District Treasurer, is
Goshen
No. 3
County
1949 to
1
...
).
required.
School District
(P. O. Torrington), Wyo. <
—
Ivalee Shain,
Catholic
School
Com*
school
bonds offered on July
purchased by Rene T,
Bond Sale
Leclerc,
$3,000 in 1951 and 1952, and $4,000 from 1953 to 1963 inclusive.
The District reserves the right to
gammed roU labels
Securities.
Dominion
mission, Que.
— The
$70,000
E. Bockextension
Due
hours.
REctor 2-9570
a
Corp., of Toronto, and L. G. Beaubien & Co., of Montreal, as 3s, at
a price of 96.61, a net interest cost
of 3.378%. Dated July 1, 1948. Due
Longqueil
O. Pavillion), Wyo.
school bonds. Dated Sept. 1,
or
small addiUonal charge.
25 Park Place
Bond Sale—An issue
school
Aug. 16 for the purchase of $55,000
not to exceed 4%
interest
(United
Cities $6.00 per .thousand.
completed within 24
Tuque School Commission, Que*
of $700,000
La
sealed bids until 8 p.m.
complete list
Is $5.00 per thousand.
addressing
for
3V2S, maturing June* 1,1963. Dated.
1,1948. Interest payable J-D»
School District
Bond Offering—Faye
revised
j,.
$82,000
June
1963 incl.
Dealers
within the Cities by firm names.
dally and offers you the most
and
is
Sale—An issue of
serially on July 1, from
in our mailing department
firm and bank listed In "Security
to10
sidewalk and sewer bonds wast
purchased recently by Savard*
Hodgson & Co., of Montreal, at a
price of 98.76, a net interest cost
of 3.514%, for $28,500 as 3s, matifring on June 1, from 1949 to
1958;
$8,000 at 3y4s, maturing
from 1959 to 1962, and $45,500 as.
Dist., Wis.
Independ. Sch.
Tomah
Dated
par.
,
at 100.03.
Crosse, jointly, for iy4s,
at
over-the-counter,
May 1, 1948. Due in from X
years.
; 1 „
State Bank of La
and
Chicago,
;
L'Epiphanie, Que.
Wis.
Crosse,
1948 to 1957, inclusive.
Eastman, Que. •
Bonds Sold—An issue of $2,100
Bond
La
sold recently at a price
97.00, a basis of about 3.98%»
Dated Oct. 15, 1947.
Due from
National Bank of Barron.
Bond Sale—The
of $46,000
of
Cumberland Sch. Dist. No. 1, Wis.
Bond
(P. O*
School Commission
Dumas
bonds
follows:
'
,
Bonds Sold—An issue
WISCONSIN
purchased by Scott, Horner
,
ap¬
voters
issuance of
the
,,
QUEBEC
July 20—v. 168, p. 299
Fins In the United States and Canada, Remember Us!
credit obtained from the
Export-Import Bank last fall, and
District Clerk, will receive sealed
Wta you was! to
handled for the
was
government by Morgan Stanley &
Co., of New York. Proceeds of the
issue, according to Finance Min¬
ister Douglas Abbott, will be used
to the extent of $140,000,000 to
Va.
W.
13
July
on
proved
net
dol¬
bonds, at par, with the Pru¬
dential Insurance Co. of America^
lar
$10,000,000k will be added to Can*
held
Mason, of Lynchburg, at a
July
on
placement of $150,000,000 3%
$280,000 bonds bridge repair bonds.
interest cost of 2.53%, as
"Chronicle,'*
government an¬
13 the private
Dominion
the
WEST VIRGINIA
Clarksburg,
on
the
in
noted
ously
WASHINGTON
Inc., and Bacon,
Co., jointly, for 2s,
Bond Sale—The
Kansas City, Moroney,
Beissner & Co., Rowles, Winston
CANADA
Leavenworth, Wash.
VIRGINIA
Rosebud, Texas
;
Canada (Dominion of)
Private Bond Sale—As previ¬
Co.,
&
Due
July 12.
at the election held on
gen¬
bonds
1, 1948.;
Oct.
Oct. 1, 1968, optional Oct. 1, 1960.
These are the bonds authorized
July 1, 1948.
Vt.
$420,000
Waynesboro, Va.
and sewer bonds.
of
Dated
at 101.03.
$30,000 water works, fire station
200—were purchased by a syn¬
composed of John Nuveen
Co., of Chicago, Stern Bros. &
Dated
bonds.
1963, and $30,000 as 2.60s, ma¬
turing from 1964 to 1978 in¬
the
22
dicate
&
&
Stevenson
special
approved the issuance of
voters
July 21—v. 168,
At the
—
Sale—The
improvement
worth
$450,000
Odessa, Texas
,
bonds offered
p.
000
July 10 the voters ap¬
proved the issuance
building bonds,
^
not approve
special elec¬
to
offered
on July 21—v.
Bond Sale—The $21,000 general
168, p. 299—were
purchased by Halsey, Stuart & obligation bonds offered on July
Co., and Estabrook & Co., of New 13 were purchased by the Citizens
York, jointly, as 2s, at a price of State Bank, of Omak, as 2M>s, at
101.539, a basis of 1.89%. Dated par. Dated July 1, 1948. Due se¬
June 1, 1948. Due serially on June rially on July 1, from 1950 to 1963
1, from 1955 to 1975 inclusive. The inclusive. The next highest bidder
next highest bidder was Harriman was the State Finance Committee,
Ripley & Co., Inc., Braun, Bos- for 2V2S, at. par.
eral
Bonds Not Voted—At an elec¬
Dial*,
Texasp
.
Burlington,
Bond
Quanah, Texas
Midland Independent Sch.
purchase of $130,000 not
exceed
3%
interest
school
17 for the
clusive.
VERMONT
April 1,
until Aug.
of Trustees,
Board
of
50,000 sewer bonds maturing on
Jan. 1, as follows: $20,000 as
2.20s, maturing from 1949 to
of Austin.
All of said
100.021.
$500,000
to
son,
3y4s, and $580,000 ,as 3%s, at
as
ap¬
20, 1948. Approved
legality by Gibson & Gib¬
Dated July
The next highest
Columbia Secur¬
the
was
"
as
ities Corp. of Texas, of San An¬
tonio, and associates, for $420,000
Texas
At an election
the
dtifrdn. J954; $27,000 in 1955,
and $29,000 in 1956.
interest payment
1963, or on any
date thereafter.
15
in
:
Mc Kinney,
held
Dated Aug. 1, 1948.
bonds will be callable on
Bond
will be
inclusive,
incl.
140,000 City Hall bonds maturing
on
April 1, $39,000 as 3y4s,
maturing from 1949 to 1955,
and $101,000 as 3y2S, maturing
from 1956 to 1968, all incl.
system bonds.
sewer
County (P. O.
•
'
Co.,
from 1956 to 1968
Washakty
Worland), Wyo.
Offering —t Sealed bids
received by the Secretary
Worland School District,
Austin, R. A, Under¬ Webb County ([P. O. Laredo), Tex. $150,000 street improvement bonds
maturing on Jan. 1, as fol¬
Bond Sale—An issue of $171,000
of Dallas, Walter,
to 1958 incl.
lows: $55,000 as 2.20s, matur¬
51,000 3y4% auditorium-gymna¬ Woody & Heimerdinger, of Cin¬ refunding, series 1948 bonds was
ing on Jan. 1, from 1949 to
and Peters, 'Writer . & purchased recently by Russ & Co.,
sium construction bonds. Due cinnati,
1963/and $95,000 as 2.60s; ma¬
serially on Aug. 1, from 1959 Christensen, of Denver, at a price and Rauscher, Pierce & Co., both
turing on Jan. 1, from 1964 to
of 100.001,. a net interest cost of of San Antonio, jointly, as follows:
to 1968 incl.
1978, all inclusive.
Dated Aug. 1, 1948. Approved as 3.47%, as follows:
$12,000 2y4% road bonds.
Due
80,000 water bonds maturing on
to legality by Dumas, Huguenin &
$860,000 water works and sewer
July 20, 1949.
Jan. 1, as follows: $25,000 as
Boothman, of Dallas.
improvement bonds maturing
159,000 %% % road bonds. Due on
2.20s, maturing from 1949 to
on April
1, $240,000 as 3V4s,
July 20, as follows: $17,000 in
Levelland, Texas
1963, and $55,000 as 2.60s,
maturing from 1949 to 1955,
1950; $18,000 in 1951; $20,000
Bonds Voted —; At the election
maturing from 1964 to 1978
arid $620,000 as 3V2S, maturing
in 1952; $23,000 in 1953; $25,serially
1948
Monday, July 26,
FINANCIAL CHRONICLE
&
12
were
Inc.,
on
Montreal,
at-
98.60, a net interest cost of 3.281%
as
follows: $46,500 as 3s, matur¬
1949 to 1962,
May
1, 1963; Dated May 1, 1948. The
only other bidder was the Banque
Canadienne Nationale, Montreal,
for $31,500 as 3s, and $38,500 a$
3Y2s, at.98.82.
^
i
Mont Laurter, Que.
Bond Sale—An issue of $260,00(7 *
ing on May 1, from
and
$23,500 as 3Y4s, maturing
.
water works and sewer
bonds wa»
purchased recently by L. G. Beau-|
bien & Co., and the Banque Cana-I
dienne Nationale, both of Mon¬
Bond Offering
treal, and associates, at 97.048, a
will receive sealed net interest cost of 3.75%, as fol¬
(MST) on Aug. lows: $37,500 as 3Y4s, maturing
18 for the purchase of $350,000
on Jan. 2, from 1949 to 1958, and.
not to exceed 3% interest school"
$222,500 as 3V2S, maturing on Jan,bonds. Dated July 1,
1948. De¬ 2, from 1959 to 1963 - inclusive.
nomination $1,000. Due on July; Dated Jan. 2, 1948.
.
.
i
District Clerk,
bids until
1,
as
8 p.m.
follows:
$17,000 from 1949
1969, op*/ St. Marc Des Carrieres School
Commission, Que.
Principal"
Bonds Sold—An issue of $95,and interest (J-J) payable at the
000 school bonds was sold recent¬
County Treasurer's office. The.
ly to the Dudley Dawson, Ltd., of
approving opinion of Myles P.\
Tallmadge, of Denver, will be fur^. Montreal, as 3s, at a price of 98.77
a basis of 3.2469b. ; Dated May 1,»
nished. A certified check for 3%
1948. Due serially on July 1, frous
of the amount bid, payable to the
.1949 to .1983>iAclus^V^ .
J ^
District Treasurer, is required
1968, and $10,000 in
tional on July 1, 1958.
to
d-iV
Y
II
@FedFRASER