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Volume
PUBLIC UTILITY
-
INDUSTRIAL
-
.
;
,
the
profit
Net
1,374,224-
share *984,324 shs.) *
profit per
quarter 1945 as
*First
.
:
220,462
220,462 •
••
adjusted on
220,462
152,691
150,000
513,351
225,000
————600,520
-
-
$2,184,221;
1,564,034
—1,981,040
—_
contingencies—
for
June 30,'44
$3,027,022 - $2,447,847
2,201,155
1,737,316
——"; Cr220,116;A Crl73,782
Net Fed, excess profits .tax
normal and surtax
Net
June 30,'45 "Mar. 31,'45
1,526,915
Crl52,691'
Federal
Reserve
:
taxi—*-.,.— )■;
436,844;
•
$0.61; ;
$0.52
$0.44
June 30, 1945—V. .161, p. 2105.
-
sales
Corp.—Organized—
Transport
Gross
profit
,
U Total
-
—21,971 -AA-" 32,417-
Fed.
for
only commercial all-cargo airline set up.
noh-schedule basis to any airport in the United States
earlier -this month by ' this corporation at its mam
Office in the Empire State Building, 350 Fifth Avenue, New York, N. Y.
This line is in operation with a fleet of especially designed twin-'
engined transports and, because cargo will be carried in each instance
on
a
charter basis, can promise delivery on a time schedule as set
forth in the agreement between shippers and the company.
So far as
is known, it is the -only American corporation equipped to supply such
operate on a
announced
was
income
taxes
;
on-
•
Net
profit
-
"1,045,350
A
—
$372,809
$723,969,
$400,495
-
'■as
& Co
„„
J"_.
Ames, Emerlch & Co., Inc,..—.u.—Burr & Co., Inc.-—
■
.1*'
-
s
v
,
In This Issue x'py-
':
'
■;AA'-Aa../;.;
Inc.—Earnings-
1945—6 Mos.—1944 .A
1945—3 Mos.—1944
•
;
:
£' $22,909,702 $24,459,240 $46,694,326 $48,744,595
37,463,523
37,560,725
Operating expenses—
18,307,053 18,779,820
2,004,986
1,918,922
Deprec.
and amort.-1,006,604
966,354
New York
Curb Exchange
Baltimore
Stock Exchange
$7,225,817
$4,713,066
98,207
77,006
296,325
$4,790,072
174,219
37,917
349,438
2,138,212
3,319,746
4,367,936
6,485,495
$1,381,821
2,736,856
$1,432,409
$2)804,768
$2,862,623
2,712,941
2,736,856
2,712,941
$0.50
$0.53
$1.03
$1.06
A/-'
AAV
$3,694,252
'
Fed. taxes on
income
—
income————
Common
shs. outstdg—*,
Earnings
share
per
1.
182. p.
.
A
'■"
'// v
Toronto Stock Exchange—
fered
by
Of the shares offered, 74,632 are
the company and not to exceed 75,368
•
stockholders.
-
Montreal Curb Exchange—
.
aA';/%:a;-v„A/'/'
Stock Exchange and it is
list for trading on one of
AA'-//. A*/'"A/ .-A.A/
History and Business—Company's organization was a manufacturer
and
seller of
radio and radio phonograph combinations prior to
May 31, 1942, when production of radios for civilian use was stopped
by governmental order.
Since that time, the company has engaged
solely in the development and production of radio, radar and other
electronic equipment for the Untied States Military Services,.
The company's corporate predecessor, Continental Radio and Tele¬
vision Corp., of 111., was organized and began the sale of small table
model radios in April of 1934, the sets being manufactured by Radio
Products Corp., of 111.
In Dec. of 1940 company, then known as
Continental Radio and Television Corp., of Del., succeeded to the
assets of the Illinois corporation of similar name.
On Dec. 31, 1942,
it acquired the manufacturing business and assets of Radio Products
Corp. of Delaware, successor to the Illinois corporation of similar
name, and on Nov. 13,
1943, it adopted its present name of Admiral
Corporation.
Shortly after V-E Day, the company
of
a
totgl
of approximately
Net sales
the balance to be delivered in 1946. >
In the event of termination of a part or all of Government contracts
and orders, the company's business will be adversely affected for a
period.
However, no major reconversion problem is anticipated in the
radio field, except for delays incident to acquisition of necessary in¬
ventories, inasmuch as no substantial change in operations will be
required.
Except for minor surpluses, the company now has no inven¬
tory of parts or raw materials except that
acquired in connection
-with the company's existing Government commitments, only a small
partion of which is usable in the company's civilian radio products.
The company's post-war products will include radios, radio phono¬
graphs,
and accessories,
refrigerators, home freezers and electric
8,499,814
$1,654,450
$1,893,621
19,990
89,423
66,757
+$177,551
$1,743,873
$1,960,378
...C—
28,591
680,454
637,821
conting.—
200,000
.A^,—_
A
for
$83,093
4$177,551
$834,828
$1,288,759
591,356
919,084
1,268,180
A $508,263
$768,907
$84,256
t$20,579
Nil
$1.41
$2.03
1944
'
$3,301,502
1,167,821
$3,113,397
r._
$3,363,176
1,089,136
income—
475,682
268,047
214,808
356,341
18,455,342
6,152,073
2,252,893
18,295,541
7,511,661
13,401,447
4,059,651
2,402,532
1,660,672
profit
———A,-.-—,-:
per
share of
capital stock —_.Ui
Net
oper,
from
Gross
Net
ry.
—V.
162,
,
Authorized
($1 par)—.—.
has
p.
income..*
129.
19,424,879
6,518,410
2,768,326
1,233,088
total
year,
it
Lr~—1,000,000 shs.
.
,
-
Outstanding
900,000 shs.
SPECIALIST IN
ELECTRONICS
RAILS
353
of
Airlines
of
months
increased
capitaliza¬
...
a
this
Traffic increased—-
million revenue passenger miles was flown
over
its
nation-wide
system
for the/first
year,
an
increase of 48%
was announced on July
24.
of last year, express pound
over
Compared
miles
were
with
airline
and fnail
flew
than 69
more
million
revenue
passenger
miles last month
million in May this year.
;
i
also showed a 44% increase in mail polind miles
this year compared to the same month last year,
A
compared to 67 >/a
American
flown
in
Airlines
June
INDUSTRIALS
which
Kobbe, Gearhart & Company
the first six
32%
up
flown increased 45% during- the January-Jurte period,
this year,
A total of almost two billion air freight pound iniles was
flown by American Airlines the first six months of this year.
.."
The airline also
realized substantial increases in operational Sta¬
tistics for last month compared to June last year, and May this year.
American had a 43%
increase in the number of revenue passenger
miles
flown
in June compared
to the same month last year.
The
miles
Banks, Corporations and Individuals have
us an effective market place for large or
DEPARTMENT
by
six
the same pferiod last
SECURITIES
readily marketable,
BLOCKS of
Municipal Bonds
$2,676,019
996,719
A
,
American Airlines, Inc.—June
A
bank credit agreement with two banks for a re¬
volving credit fund not exceeding $10,000,000 at any one time to fi¬
nance
the company's operations under war contracts, its obligations
Company
oper.
American
the com¬
shares. On
Capitalization—As of May 31, 1945, the capitalization of
consisted of 825,368 authorized' and outstanding
28, 1945, the company's authorized capitalization was
to 1,000,000 shares.
Giving effect to present financing the
Capital stock
railway—
railway
from
Net
505
June
follows:
1942
1943
From January 1—
495
in May—.———
*•
as
A
.1945
Banks of
pany
be
railway
from
Net ry.
pound
will
/AA'/AAa'
railway..._
from
months
tion
*
1762.A"
Alton RR.—Earnings—
June—
Gross
..■■AA'A;
A A $0.14
;
+Loss.—V. 161, p.
tSurplus.
495
Steel
June......—505
Living Costs Up 0.4%
33,798
591,356
Statement of Federal
FLORIDA & NEW JERSEY
MUNICIPAL
8,238,925
4$197,541
142,373
taxes
Net
prior to Dec. 31, 1945,
ranges. ;
5,318,187
t $59,280
charges
Provision
Shipments by U. S.
Steel
Subsidiaries in
'
1942
1943
$9,893,375 $10,393,435
1944
$5,120,646
$83,093
Federal
Federal Reserve System..—————
Finished
L/,\
5,812,807
income
Income
495
494
Payable.—495
Statement of Member
Condition
received notice of termination
$8,000,000 of prime contracts and orders,
which
pilot plant and sales offices in
a
deprec..
&
exps.
Total
449
506
510
Banks———-_u——
Reserve
with
1945
$5,303,527
Operating income
Rates.—495
Combined Condition
Corp.—New Director, Etc.—
Earnings
Municipal Financing in June
Redemption Calls and Sinking Fund
Notices
_——————.——_ 1————\
The Course of Bank Clearings
—
Foreign Exchange
1,500
;•/.
.
30—
—
Other. income
V
Investment News
City Bond Offerings and Sales—
Dividends Declared and
.
,
General Corporation and
State and
A
A;'
.
Alpha Portland Cement Co.—Earnings—
12 Mos. End. June
:■
Deficit
approximately $3,000,000 were reinstated through new con¬
tracts, resulting in a net reduction in unfilled orders of approximately
$5,000,000.
As of June 30, 1945,. the company had approximately 23
contracts, subcontracts, and orders involving $17,926,393 of equipment.
Of this amount, approximately $9,000,000 is
scheduled for shipment
of
the corporation
City.—V. 162, p. 345,
subsidiary of
Miscellaneous Features
>
AA
*.
E.
Mexico
491
493
Over-the-Ceunter Markets—492
Transactions New York Stock Exchange.475
Transactions New York Curb Exchange—
475
Stock and Bond Averages
——r
475
listing—Issue is listed on the Chicago
that application will be made to
the principal New York exchanges.
--:.A '/ 'AAA
'
Welch, Vice-President and Treasurer, has been elected a
At, the same time,
the board named Louis C. Hey as
Secretary of the corporation. He is director of industrial relations for
the Kansas City division and was formerly Assistant Secretary.
Mr. Welch is also a Vice-President and Treasurer
and member of
the board
of directors of the newly formed Aireon S.A.,
Mexican
(July 27)
...
Previous Week (July 20)——^
expected
129.
Aireon Manufacturing
Current Week
being sold
by certain
1,500
1,500
1,500
'
Co
&
A.
490
493
—
A
2,000
1,500
1,500
1,500
1,500
—
Rice & Co.^—_
162, p,
Oper.
(July 27)—
Previous Week (July 20)
Inc.—.
director.
489
488
—_
Current Week
Corp.—AStock Offered — A banking group
& Co., of Chicago, on July 23 of¬
150,000 shares of common stock (par $1) at $12.50
share.
V.
Montreal Stock Exchange—
Admiral
headed by Dempsey
Weil
2,500
2,000 -
2,000
-;_w—^
Co.,
&
Irving J.
!
Exchange—Curb Section.—.
Toronto Stock
2,t>u0
' 2,509
Co.,
Brothers
Pitman
486
486
Cleveland Stock Exchange
•;
—
487
Detroit Stock Exchange.—_——487
Los Angeles Stock Exchange.
487
Philadelphia Stock Exchange
488
Pittsburgh Stock Exchange
i— 488
St. Louis Stock E3ccbange___-.-.-._^V_-488
$9,424,759
76,641
expense-——.-
Prov. for
Exchange
Cincinnati Stock Exchange
v 5,000
4.000
2,500
McAlister, Smith & Pate, Inc.—
Chicago Stock Exchange
159,811
$7,522,142
income (less in¬
charges)—
Interest
Boston Stock
$9,264,948
$3,596,045
come
per
-
&
Yantis
S.
Mason
476
480
485
485
(Bonds)
w———
Other
—V,
Stock Exchange
New York
Co.—
2,500
2,500
Inc.—2,500
Baker, Simonds & Co.'
:
2,000
Page
465
V..r*:'-
; ■.
8,000
5,000
> 5,000
4,000
———2,500
Noel & Co
& Co
&
8,000
8,000
5,000
Chicago
Sidlo, Simons, Roberts & Co
O. H. Wibbing & Co..
Stock and Bond Quotations
sales, less discts.,
Net
a
F.
Period End. June 30—
etc.
White
of
Co.
Stockhldrsr
15,368 ,
10,000
.
14,632
10,000
8,000
Co.—.
&
Courts
New York Stock Exchange (Stocks)
Gross
Securities
Van Alstyne,
,
,
A Company
-,V
DCmpsey
First
from
.p... from-
■
A
////..,.■-
HirSch
present,
<
H. Roy Penzell is President and Treasurer of ACT.
William L. Rome,
formerly Traffic Manager at Miami for the TACA Airways System,
will act as Secretary and General Traffic Manager.
,
:'v;,>,;A:';AA"' /V ■ A/% /A,.A;/ A "-A
v.
at
Air Reduction Co.,
'
AAA;//:
AA.
,
service
follows:
'^A'AAAA
$245,457
-
the several underwriters and the max¬
shares which each has agreed to purchase are
A■ A'-A;.A/AA/1:
..A* .;•/•.•••/'
.
A•.
.A'■ A'' A/A/
A,A
t No. of Shs. to Be Fur,.
such
of
number
imum
•:160
• *
will
Underwriters—The names of
$866,739
'
5,326
- $1,143,870
$866,899
133,79445,237
180,924
A/A v
/v^AA^-A /—/^AA.//'// '/,....
2,135,657
725,824
440,518
"88,700
——
:
•
$2,993,420
$1,534,545
Income
expenses
•
of the ilrst and
Formation
to
$1,512,574--$2,961,003 " $1,138,544
income -
Other
Prov.
>
-
goods
Other
Air Cargo
-
guaranteed by
'
,
are
;■
receive cash proceeds of $832,147 from the
sale of 74,632 shares
to the underwriters.
Proceeds will be added
to the; working capital-of the company and will be used
in general
to. finance-operations, inventories and accounts receivable Incident
to the company's radio and allied business and its engaging in
the
refrigerator; range and home freezer fields.
—_
of
Cost
interest,
and
both as-to principal
Department.
A'*;
which,
War
i Purpose—Company,
■
1943
1942 i "
May-31,"45 * >1944
$20,028,449 $40,659,804 $14,149,513
$7,427,831
sold.—LA. 17,800,728 35,796,256' <-11,998,025 ' 5,971,410
Selling, general,' & ad- A-;AA'AA/AA"A~'V//\:Vv4
' A"
•/"
mlnistratiye exps.
715,147: ' 1,902,545 : 1,012,944 •
589,682
Net
MISCELLANEOUS
•
under
Years Ended Dec. 31
5 Mos, End.'*-
*
Quarter Ended— .
.
Operating Profit
Federal excess profits
Post-war refund—-!.:
INSURANCE
-
Operations
of
Summary
Co.—Earnings—
Acme Steel
Copy
a
Corporation and Investment News
General
RAILROAD
Price 60 Cents
York, N. Y., Monday, July 30, 1945
New
Number 4407
162
A
are
not
found
small
j
INQUIRIES INVITED
"
cAllen
.
.
&
80 BROAD STREET
Telephone.:
Company
Established 1922
HAnover 2-2600
NEW YORK 4, N. Y.
Bell Teletype: NY 1-573
INCORPORATED
Members
New
York Security Dealers Association
45 NASSAU STREET,
NEW YORK 6
Telephone
Philadelphia Telephone
Bell Teletype
REctor 2-3600
Enterprise 6015
New York 1-576
HILL,
THOMPSON & CO.,
120 Broadway,
New York 5,
INC.
N. Y.
liMiMMG
ilMi
of
total
June,
8%
an
increase over
express
of refunds through rene¬
1944.—V. 162, p. 345. > ! v : .
. v /
gotiation through April 30,
New Director—
Subs.)—Earnings—
(&
American Barge Line Co.
Ended June 30—
net income——-—-
6 Months
$482,379
292,518
Consolidated
profits taxes
for contingencies,.---~
Reserve
•
&
income
Fed.
excess
7,868
$1,872,611
1,305,0001
118,000]
$1,446,703
1,191,000
$0.60
$1.50
:
,
/
Foundry Co.—Annual
American Car and
Report--—The
and wholly-owned
subsidiaries, made public July 21 by Charles J. Hardy,
Chairman, for the fiscal year ended April 30,1945, shows
net earnings of $6,335,141 after charges and taxes, includ¬
ing amortization of expenditures for additions to and
extensions of war plant facilities, and after provision
for renegotiation refunds.
This was equal, after pre¬
ferred dividends, to $7.18 per share on the 600,000 shares
of common and compares with net earnings of $5,591,832
in the 1944 fiscal year when the earnings on the com¬
annual report of the company
46th
John
work.". Contracts
purchased by
devastated
its full share
Comparative Consolidated Income
/
Years Ended April 30—
of
♦Cost
,i
.
p.
;
';
Operating
expenses—-,
Total
1,491,790
■/>' 4,053
6,912
Charged
royalties
to
Net
retir.
prop,
Fed,
excess
credits
(est.)
excess
on
Common
1,498,500
per
share
,;/./
"/;/ -/•
■
improvements
Government
S.
treasury tax
Notes
receivable
Inventories
Advance
bonds,
bills
for
'
vendors
to
for
securities
3,361,308
486,119
>
1-75,052
6,543,653
re§.)__
(less reserve)
fTreasury stock
Total
________
5,881,330
4,502,172
533,399
($100
(600,000
stock
payable and pay rolls..—
—
for Federal, State and local taxes—
Provision
Advance
Advances
Earned
payments received on sales contracts.
on Government
contracts—Z
—_
insurance and contingencies
for dividends on common capital
gReserve
Reserve
par
shares)—_____
Common
Accounts
no
30,000,000
30.000,000 '30,000,000
11,005,710
12,939.514
77,043,754
1187,825,420
.71,398
5,621,017
6,192.200
9,432,740
735,745
$43,264,589
in
1944.
reconversion,
depreciation of $46,518,872 in
(Represented by 10,550 shares of pre¬
(Includes
post-war
insurance and contingencies including possible tax and
22,486
2,476,479
3,862,472
14,802,073
15,303,809
.
can
1,431
quarter-
share
; ■//I--—!-::;
30,000
I
♦$33,729
$62,435 /
$0.27'
$68,993
$0.29
87.847
303,400
3,774,625
14,498,673
.
,
unearned.
or
343,042
;
14,960,767
^
.
result
a
whether
,
,
•
non-recurring deductions allowable
of
.
debentures due Aug.
The issue was sold within one hour.
the largest in the history of Ameri¬
finance and the largest ever to come up for sale
at
/
approximately 2.77% to maturity of the deben¬
bid naming a price of 98.919 was
received from an investment banking group led jointly
will be
A competing
tures.
♦$23,077
'
Nil'■!
1980 was offered to the
1,
competitive bidding—was won on a bid of 99.5599.
On
the basis of this price the interest cost to the company
re-
—:.
__•—__
77.800
3,378,178
taxes
The offering—one of
.
Nil
Z
" !
-' '••/•'/•';/r} -':.///'//
v/'Z-//.'
-Balance Sheet, May 31, 1945
hanks and an hand, $1,180,635; U. S.
in
.
$3,454,453.-?//■,! ■;■
....
Z
VC
payable, $405,811; payrolls and withhold
$100,526;„ -lease
deposit, $200;
reserve vfor Federal , taxes/,,
$3,454,453.—y. 164, P-
4534-
\
of -Morris .Plan
.1957, 105% / thereafter ,to and, include:July -31,% z
thereafter/to and inriud.. July'.31,/1965, 103%; thereafter
inciud. July 31, 1970, 102% ; thereafter to and inciud. July; 31,
-1975, 101%; .and thereafter, 100%/,
" / • / .;%%/*■///.-■,,<./ / •■■;'// /%
,and
payable,' $28,926; t;
;
,V; Purpose—The' net proceeds are to be applied toward - the retirement
/of the company's $175,000,000 25-year 3 '/4 %: debentures, due Get. T,'V
■ 'M961,. to be called for redemption on Oct/, 1, . 1945. ..at <105 and; int. The
balance
required for the redemption of the ,314 % debentures
;,
will be obtained from other funds ofthe company. ••/ / / ,' ?>
/ .; v >
surplus,/,$711,909;
\
"f
0
I
American
*
'
\
| of
'
presently
the
common
>r
•
Of
a
stock
and each
< outstanding
147,791 *9/20 shares of $5 par rvalue
6f 10 cents par., value
be split into four new shares.
proceeds—$7v500,€»00 before expenses,.of financing—approxl$4,000,000 will be used tp retire presently outstanding preir
mately
f ferred stock and the
balance -will
be
funded debt of the Morris Plan, Corp.,. and the
capital pr used/for other corporate
added to working
'
purposes.
Z
•
....
/
planned that the entire amount of the sMorris Plan common
be purchased by American General Corp. will be offered,
subject to' the conditions of the contract, to stockholders under two
alternative offers/ Under the .first offer, stockholders ♦ wilL be given
the right ts purchase the, stock at $8 per share on a .pro rata basfs
as
follows:
Approximately 4% to be allocated to the holders of
common
stock of Morris Plan Corp. of America; 87% to the hplders
of
the
7%
preferred stock of Industrial Finance Corp., and" the
It
»stock
is
to
remaining
9%
to
the holders
of the
common
stock of Industrial
■
*';
:
authorized) Z__LZ::--Z__-_:_-__/-L^_J___^ZZZ_/_Z//ZZl/.l,'i60,000,000
/30-year 2%% * debentures, due< Dec; 1,1970 ($140,000,000 < /••
f !'
i ;
debentures, due* DeC/1, 1966/ ($160,000/000
'
140;000^000
authorized)';
35-year/ 2% %
,
.authorized)
Capital
debentures/ due Oct. R 1976 ($90,000,000 /v /
.
''
-_Z--^_-__/--Zu.l-_____—90,600,000 *
1,938,943,200
stock—company
t
Company and Principal Telephone Subs.—Consolidated—
' ' /. j
/'Funded'debt—subsidiaries cpnsolidated-Z_Z_-_—$617,568,000
Notes
will
the
/.//-/
authorized);.ZZ_ZZ/_/_zzz_-_/__ZZ/-___-'___/.;^_Zz__j.Z'. ■;'tl75,000,000
.-30-year 3 '/♦%
%
sold
to
trustee
pension
of
Funded 1 debt—company—see
of subsid.
Common stock of subsids.
i-Freferred
stock
funds—subs. ;consol./__ :
above____/
__z__Z/_/i__z
consol.—held by the
corisol.—held by thee
Capital stock—compahy
pubhc/"
public_Z
1,1!
<
§26,462^272
728,321,100
17;904,300
88,589,000
1,938,943,200
'
\ *At May 31, 1945, the outstanding amount of this issue had been
reduped through conversions to $125,294,700. Debenture bonds surren¬
dered for conversion are cancelled and may not be reissued.
(Company
intends
1, 1945.
Oct.
to
call
for
authorized
conversion
debentures
.
for
redemption
on
;
and unissued shares were reserved at Dec
31
debenture bonds.
At May 31,
1945 ' the
had been reduced to 1,252 947 and the
amount of capital stock outstanding had been
of
number
of
shares so reserved
number
of
shares
and
these
/
.
(1,633,211
1944,
,
' /; /
j. • / V' // /'•.
/_-ZZ—Z:_/z__Z ♦$163,321,100 ; '
due Oct; I,11961/ $175,000,000
r25jyear 3debentures,
"■
/
)Tdephon^^elejgraph
bonds, due Sept. 1./1956
convert, .debenture
$233,584,900 authorized) 1
15-year 3%
*
■
/
Capitalization Gutsianding as -uf Bec. 31/1944
•;; /
:
;Corp.: .of
increased to"3,500,00 shares
inciud/July 31,
196-1;. 104% /
to and
.
Morris;
is to be
f
■
plant/, $160,000;
corrfmon stocit (par
as well as to the minority common stockholders-of the
Corp., subject 4>o compliance with legal .requirements.,^;///*
i
The new stock of , the Morris Plan Corp.-.will be issued following
x recapitalization
of the company whereby {the, authorized common
•
capital stock and 600 shares of common capital stock.
$712,116
maturing subsequent
to one year.
^Reserve for
ferred
3,804
14.818
475,174
,/
263,750
Corp.,
735,745
.34,700,964
432,647
2,262,021
3,455,978
100 and interest.
z
an
5,900,187
37,511,456
91,331
578,454
♦Full dividend requirements applicable to respective periods
•
206,784,218 215,221,783
206,784,218 215,221,783
^After reserve for amortization and
and
stock
-—-—^—
Total
for
-32,030
♦$21,647
Plan
12,290,151
for
surplus
V
11,822
♦$52,410
11,492
$552,427
•
30,000.000
par)___—i__-.
17,496,741
71,536
555,583
.
general public July 23 by a nationwide syndicate of 102
investment houses, headed by Morgan Stanley & Co., at
Aiue,rica,^American general porp; fhas ,
agreed to purchase at $8 per'share 937,500 shares of new, common
'.stock to be issued by the Morris Plan Corp.; in connection with /their'
•«recapitalization, program, r American General Corp.y onethe Equity:
-Corp. -group -of- investment 'Companies, has agreed ..that- these/shares
may
be Te-offered -to the stockholders -of JndustriaL Finance/Corp,, ,,
which owns approximately <96% .of .the common stock of Morris Plan.
■
stock
936
r
recov.)
:
?;
-
for current year's Federal taxes,- $969,697;'"",
$231,400; -capital ^surplus/ $410,000;.- earned
-dent
4,184,530
i
Liabilities—Preferred
(tax
post-war
(
601,519
38,116
4,532,257
$175,000,000
Underwrites Morris Plan
'Corp. Recapitalization Plan—«. /';
Under
agreement announced July 25 by Arthur J. Morris'./Rresi- T
180,049
133,879
4,033,037
_____
$175,000,000
American General Corp. —*
-343,613
18,241,787
461,499 /
/
:
—
Liabilities—Trade accounts
total,
.
and
companies
$363,679
conversion;
$1),
6,054,730
81,479
(less
Zl-ZZ-A-—Iz.
deductions
total,
197.381
18,113,960
127,827
17,165,214
331,527
by Mellon Securities Corp. and Halsey, Stuart & Co., Inc.
/,
V
Dated; Aug. 1, -1945; due Aug. 1, 1980. Interest payable Feb. 1 and Z
Government
Aug. 1 in New York City.-Redeemable at the option of the company,
in whole or in part, on any date, upon at least 30 days' notice, at
bonds, $350,000; receivables, $709,ill; U. S/Governmerit for facilities,
$37,875; inventories^ $548,678; other assets, $126,487;- property,;-, plant /^following- prices-with accrued interest;,, to and inciud; July 31, 1949, and equipment (net)/$485,525; patents, $1; deferred charges, $16,140;
107% ; "thereafter to and inciud/July 31.
1953, 106%;' thereafter to
•*;
533,400
companies
income \-_zz____'
Assets—Cash
•
2.013;760
18,113,960
4,494,141
American Telephone & Telegraph Co,
♦$53,726
'for
57,172,231
48,093
2,862,578
credits on excess profits taxes <est.i
accounts receivable from affiliated,
Post-jvar
Notes
affiliated
of
♦$64,232
yueserve
Spec, restricted deposits (U. S. Gov. contracts)
Prepaid taxes, insurance, etc._>„
Z__z._i.__ '
Miscellaneous
securities (less reserve)
Securities
$540,936
taxes
7,689,051
" •>'
4,494,14117,165,214
3,949,218
•2%% Debentures Quickly Sold—An issue of
$338,810
24,868
incl. depr.
profit
Earnings. per com.
♦LOSS. /
materials
47,770
1942
2,584,916
exps.;
■///'; '♦v-'/:'.
36,834,969
31,705
other deduc.
&
2%%
vtaxes,
—
/
279,131
J Profit
20,615,86)4
1,523,763
11,939
for Federal
income tax purposes in connection with the refinancing in January,
1944 of Florida Power & Light Co., "Net equity of American Power &
Light Co. in income of subsidiaries" is approximately $1,000,000 and
$500,000 more in the 12 months ended April 30, 1945 and 1944, re¬
spectively, than it would have been except for such benefit." '
Charges against surplus by subsidiaries of the company to provide
for the disposition of plant adjustments and plant acquisition adjustments include $879,021 and $733,732 applicable to net income of such-
.
629,754
■
13,068,815
1757,021
29,551,416
6,930,978
18,161,730
Z.
Note—As
1,986,963
;$52,235; reserve .for, renegotiation,4 $309,345; /dividend
accruals', $74,403; reserve for post-war, conversion of
v
5,937,350
17,196,919
Balance
$225,404
•
19,719,039
(less reserve i
1,536,483
3,949,218
above—
as
income
Interest
/
$565,521
Res.
69.373,604
25,092,703
companies earned in the twelve months ended April 30, 1945 and 1944,
respectively. The above statement has not been, adjusted to give effect
to such- charges.—V. 162, p. 346.
Socket Co.—Earnings—
1945
1944
1943
19,031,403
___/;
at cost
.
23,134,269
3,646
subsids.
of
income
equity
earned
$2,527,899
Fed.
and
6,042,613
4,506,130
mtn. int.
Expenses
2782,
34,024,309
(less reserve)
payments
■
treasury
823,719
1,411,420
public
Balance
income, $1,906,284; net
$8,478,114.—V. 161, p.
7,594,932
"31,503,358
' 19,021,892
.
•
contracted
Marketable
hand
on
notes
receivable
Accounts
$
<
,
146,414
3,952,864
app. to
(Income
$2,923,727
Profit
:
15,745,311
<
5,364,284
-Total
.
capital 'surplus, $9,785,010/ undis¬
losses on sales of securities,
$615;
warrants,
option
Operating
Other
40,838,019
equity of company
Other
of
Other
»M»hi. i
"»i—
Ameri Power & Lt. Co.:
Net
stocks, $4,640,657; cash in banks,
15,940,168
equipment
______
__
banks and
in
______—____j.___.i_
machinery and
♦Buildings,
Intangibles
"Cash
common
American Forging &
gen.
1944
•$
Land and
in
.
:
$504,651;
bonds', $575,009; corporation bonds,
goods sold and
selling, administ. and
April 30 ;/
,1945
.v;
Net
1, ,195,0, $2,000,000;';$4,50 preferred stock (27,603
$2,760,900/ .common; stock.,(354,500 shares no par),
par),
no
Quau-ter End. May 31—
sales,- less ret's, allows., and
discts.__
/
Comparative Consolidated Balance Sheet,
.
Portion
'yl/U/Z
1945
Gross
:
40,460,572"
377,447
i nnd"
39,007,393
449,824
1 ■■— -P'-i
15,499,229
Balance
>
,
;
June 30,
Balance Sheet as of
tributed investment
Cost
11,740,329
39,457,217
Balance
•
per
$8,367,99.1; total,
/.
possible tax and other adjustments. (After giving
(est.)
of sales prices
through renegotiation.
Assets—
88,625
due July
loan,
$354,500;
,.
-
,
11,177,238
150,000
accrued;'interest, $10,276; total, $3,478,114.
\
% \ •
iilabilities^Accfued taxes, $33,885; accrued expense, :$4,911; secured
bank
■
'
22,388,335
10,034,136
4,020,849
3,480,409
plant
♦Preferred div. to
.
:
8.991,107 /10,063,462
_____
"
$8,199
$13,004
1942.
$12.50
at
Shares
general expense. (Including
effect to adjustments
selling and
administrative,
♦Including
$5.95
•
53,175
//.,.:/'-.
5,055,718
4,425,690
599,400
$5.05
2,026,150
1,198,800
$7.18
divs.- paid
Earnings
150,000
88,625
-
u' '■■ ■
' /.
] acquisition adjustm'ts
holders
to purchase
20,500 shares of common
share had been exercised r i June 30, 1945, the
market value of net assets
applicable to the common stock would
have been $19.77 per share.
Since the company intends to elect to be
taxed
as
a
regulated investment company, no allowance has been
made for Federal income tax on unrealized appreciation. ..... .
stock
32,430,621
2,168,892
25,706,010
5,591,832
2,026,150
146,820
88,625
/
entitling
warrants
2,000,000
paid
divs.
146,490
dividend
$
other
&
(net)
: of
$
23,730,385
9,913,592
9,967,539
95,923
139,842
1
;
public
Amortization
$282,178
'
,Net Asset Value—At market quotations
as of June 30, 1945, the
net assets of company amounted to $9,919,561.
This figure, which is'
intended to indicate approximate value rather than the actual amount
which could be obtained on liquidation, is equal to $359.29 per share
of preferred, stock and, after deduction of the preferred stock at its
liquidation value of $100 per share, to $20.19 per share of common
stock.
The 'comparablet net asset value of the common stock was
$17.61 as of Dec. 31, 1944, and $15.89 as of June 30, 1944.
If all
in
$295,845
' 242,313
;•.'/./'/■';/'•/ %':■/.
6,335,141
$218,450
to
deductions
.
"
•
8,851,265
.
income
Gross
Int.
16,071
19,944
y...
$15,275
$43,553
♦Computed without regard to net loss on sales of securities in the
amount of $454,555 in 1945, $378,463 in 1944, $220,212 in 1943 and
34,318,829
87,971
780,815
100,329
919,093
contingencies—_/!/-
earnings
Preferred
2,267,000
16,845,300
.
$243,644
surplus
Balance,
Crl,696,800 Crl,684,530 Cr2,500,000
profits taxes
(Provision for
Net
-
23,019,602
23,746,315
2,134,779
16,973,195
normal
Fed.
Estimated
311,484
——
$248,119
stock
Common
7.977
67,285
351,937
before taxes, etc.—
income tax
profits tax__
earnings,
Estimated
Post-war
420,449
——
,
charges
Miscellaneous
Loss on
463,679
——
18,939
1,531,015
.1
24,248,229
388,954
284,947
charges
Interest
24,982,327.
Z
175,900
_z! Z/_
income
51,994
1945—12 Mos.—1944
•■//
6,406,864
2,632,837
1
-
revenues
>v.'.'.'
-
Subs.)—Earnings-
' 2,591,487 " 2,939,240
(net)„__
income
••'4
$318,193
$289,383
18,033
dividend-
stock
Pref.
19,715
1,240,331
pperat>
Other
3,675,
51,549
income
*Net
;
32,517,810
5,040
Net
69,468
(&
$
2,439,202
depletion res. appro.;•:/,./-//Z/Z-
.
$31,631;
91,122
7,221
/
$313,226
taxes
—
preferred stock, $2,615,899;
22,654,349
z.
Miscellaneous
/:
/
*
7,255,002
—__—_
taxes
Property retirement and, /
1942
$245,050
12,969
$278,695
_
misc.
incl.
Interest
taxes
Federal
17,606 ".
income
Total
Exps.,
/
/.:
34,107,562 ' 35,743,567 138,174,378 138,639,321
12,970,906
13,797,087 54,345,770 54,015,949
revenues./.-
,\'X
1943
1944
139,128
Interest
accrued
or
rec'd. in securities
Assets-*-!!.. S. .Treasury
23,590,606
/'Royalties
received
Int.
and
operations—
$244,669
34,026
___!_z
divs.. received
Cash
Divs.
$
Subsidiaries:
1.
1944 . *
1943
$265,936 "' $217,200
47,290
67,818
•
'
4,365
1945
30—
(par
1178.
p.
1945—3 Mos.—1944
30—
Operating
162,
shares
common
Light Co.
American Power &
Period. End. April
Securities Co.—Earnings-
American European
6 Mos. End. June
'
Account
1945
...
income—Dividends
Other
1945
oversubscribed.—V. 160,
Other
& allow.--fl99,755.179 218,834,836 289,275,689
sold—-172,006,703 190,743,658 250,736,879
amortization.™
4,157,870
5,436,832
6,021,000
goods
Earnings from
U.
manufactures fibre milk
1
To Build New Warehouse—
Turner Construction Co.
below.—V.
less discts.
sales,
Gross
Depreciation
i
plant
See
'
•
'
this
at
division
A
containers.
.-//■;/ %/./•/./■;
"In the domestic field," says Mr. Hardy, "the needs of our railroads
for
equipment remain pressing and to a great extent unrelieved.
The
productive capacity of the equipment-making industry of our
country will be heavily taxed
in meeting the requirements of the
'program of our Government for the building of equipment for use
abroad.
While it is expected that your company will get its fullshare of the business arising out of this Governmental program, your
management is keenly alive to the needs of our own roads. With its
numerous
plants/ unexcelled facilities for production, your company
is in excellent condition to respond quickly and effectively to whatever
demand may be made upon it to supply such needs/
As to reconversion,
Mr. Hardy says that the problem will be less
serious than to many concerns whose activities during the past few
years have been given over entirely to war work.
In common with practically all other American concerns engaged
in war work, the company has had some, additional cutbacks, some
repricings, some terminations and some extensions of scheduled de¬
liveries.
Since October, 1939, when the company was awarded the
"pioneer" tank contract, down to April 30. 1945, the company and its
two wholly-owned subsidiaries have booked war work orders of more
than $1,000,000,000.
//
Mr. Hardy again points to the fact, as he did in the April 30, 1944
report, that the company has no fixed debt, no bank or other loans
outstanding, and that -with resources ample to meet all of its obli¬
gations, present or prospective, "the strong, healthy and liquid con¬
dition of your company continues unimpaired, and there is no reason
to fear any change in that record."
. .. /: •/.......
Reference is
made to successful completion during the year of a
merger of The Brill Corp. and American Car & Foundry Motors Co.,
in which the chairman states;
"Company held very substantial inter¬
ests and from the successor ACF-Brill Motors Co. it received in cash
and securities, at market value, more than sufficient to pay its claim
as
a creditor of Motors and
its entire investment in Brill."
'
as
business.
this
of
oil.
38,400
of
cents
■*%:/*'-l/.
/
and
paint
■
at $35.25 a share with a concession to dealers of
a share.
The bankers announced the offering
$20)
90
products of the company's Los Angeles plant are con¬
juices, vegetables, olives, fish, shortening compounds,
the
Among
distribution
secondary
tainers for fruits,
says
*
local
ing—Goldman, Sachs & Co. and Tucker, Anthony & Co.
effected after the close of the stock market July 25 a
Co.—Establishes New Laboratory—
by July 20.
in his letter to the stockholders that the money
value of work on the company's books was in excess of $208,000,000,
Qf which $160,000,000 was the.money value of "war
are in the making for many thousand freight cars to be
the Government and supplied' by it for use in the regions
by the European war, and the company expects to get
Hardy
Mr.
through
Machinery Co.—Secondary Offer¬
Laundry
American
was
152,
announces
company
of
be
to
of formation to develop motor car financing
banks throughout the United States,—V. 162, p, 129,
it will establish a new branch laboratory
at Los Angeles, Calif.,
to serve the packing and canning industry of
Southern California.
The new branch was to be placed in operation
The
is
process
I
as
American Can
share
stock -for' each
:.
,
2229.
p.
$5.95 per share.
were
mon
President.
•
■
A. Coe Jr.,
formerly Vice-President in charge of sales,
Executive
Vice-President to succeed Mr. Quigley.—V.
elected
is
.
in Personnel— , 1 /• /
The board
of directors on July 25 announced the resignation of
John A. Coe Sr. as Chairman of the board, effective Aug. l;. the elec¬
tion of Clark S, Judd, President, as Chairman of the board to succeed
Mr.
Coe, and the election of Arthur H. Quigley, formerly Executive
American Brass Co.—Changes
Vice-President,
by
offer—which
"
announced on July 23
was
purchased
offer, on which no com*,
paid to American General, is-to be subject to a
minimum of "30,000 shares of 7% preferred and 100,000 shares of com¬
mon
of Industrial Finance being .tendered.
Arthur J. Morris, Presi-!
dent of Industrial Finance
has agreed; to' exchange his holdings of.
Industrial Finance 7% preferred and common for new common stock
/under the second offer.
;z.
•
A registration statement covering the-new stock is to be filed with,
the Securities and Exchange Commission.
With
this
expansion of
capital, a subsidiary corporation Is in
the following new
for
second
pensation
that this company has entered orders
railway passenger cars; Missouri Pacific Lines,
53 modern streamlined passenger cars, and The Alton RR., 15 steel
passenger coaches.-*—V. 162, p. 345.
,
r
\ '>
»/ ,
' 1
It
$255,703
$0.85
$449,611
stock
the
/ the basis
of
V\ share of new common
Industrial/Finance common.
This second
Received—
New Orders
~
$181,993
/-z/z^zi.-z:
Earnings per common share
—r-V. 161. p. 2550.
:
; 'v1'"
4
'♦Net income
On
American-Car &
Executive Vice-President of
162, p. 345.
he was elected
Foundry Export Co.—-V.
18
July
1943
1944
1945
cents per
20
receive
stockholders under the first offer.
an\alternative and not in addition
to the first offer—the holders, of Industrial Finance Corp. 7%
preZ
ferred may exchange their stock on the basis of 12 »/2 shares of new
common
stock -for each share of /7% » preferred/tendered, and tha
holders of Industrial Finance common may exchange their stock oii
for
Under
director of this company.
a
will
Genera] .Corp.
American
Corp.
,
share
//■v' '
been elected
has
Williams
A.
R.
Finance
.
([Including (est.) amounts
adjustments/
other
pound miles was flown this
June, 1944.-T-V. 162, p. 241. •
/%■'''*,
million
908
than
more
Monday, July 30, 1945[
CHRONICLE
COMMERCIAL & FINANCIAL
THE
450
1945—5 Mos.—1944
1945—Month—1944
;
31,
had been
the outstanding amount of these notes
1945,
■'i Reduced to $23,109,482. 77
r.'/-,
Operating Revenues
-7'7"7
..7 ":;7
-,
,
Uncollectible
20,925,924
65,091
oper.
Operating
The
operates a network of toll lines and related equipment
between and through the territories of its
company
Net
intercommunication
for
and
•
ment
19,406,105 100,005,524
11,426,892
55,355,200
96,010,685
56,338,499
______
7,152,525
5,989,235,
34,460,645
29,960,172
2,157,374
1,989,978
616,708
326,656
10,189,679
41,484,216
9,711,914
41,069,766
__
346.
p.
as one of the conclud¬
Commissioners that his company would consider
manufacturing facilities of the Crosley Corp.
alone if they could be separated from the broadcasting activities and
if "terms are satisfactory," but he added that "since we have gotten
into this thing we have become tremendously interested in the broad¬
Victor
A
Service
Utilities
American
of
would
be payable
purchase,
Crosley
the
finance
will
loan
loan
This
said.
end
Mr.
three equal instalments
in
third, fourtn and ilfth years of the loan.—V.
the
162,
347.
p.
vestment—
bank
$25,000,000
the
at
Di-
on
appliance
the
casting end of the business."
;
Corp.- -Extension
Chairman of Aviation Corp.,
Emanuel,
ing witnesses, told the
buying
Emanuel
telephones in service.
Company itself has no
telephone service.
■I
—V. .162,
operates
434,500
20,860,833
11,550,934
July 24 concluded the
on
stage of its hearing on the proposed $22,000,000 sale of Crosley
control to the Aviation Corp. and announced that oral argu¬
on the transaction will be held in Washington on Aug. 2.
Corp.
income—.-
taxes
oper.
Net income—
telephone subsidiaries and of other telephone companies,.
wire and radio circuits for interconnection between
telephone systems in the United States and those in many other
countries or territories throughout the world
and for ship-to-shore
operating
•
96,445,085
rev.
principal business of the company and its operating
Operating revenu'es__
telephone subsidiaries is that of furnishing communication, services,
Operating expenses —.
mainly telephone service,
'-y
'''A- 777 7/7'
7.7.
Business—The
V
19,499,605 100,291,096
93,500
285,572
^
Commission
Communications
Federal
The
first
*
May
Finance—
Aviation Corp,—Bank Loan to
Months Ended May 31
Earnings for May and Five
19,769,696 shares
Increased through conversions of debenture bonds to
j&rid $1,976,969,600, respectively.
8At
451
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4407
Volume 162
'
"
its principal telephone subsidiaries (and
to
three
non-controlled
telephone
companies)
technical and other
services.
Certain
of such services are performed directly by the
company and other services are performed by Bell Telephone Labcratories, Inc., a corporation whose function is to conduct on a nonprofit basis, scientific research, development and engineering work
cm behalf
of the company and Western Electric Co,, Inc.
(
.
.
,
The'company
furnishes to
an extension until June 21,
subsidiaries, Minnesota Utilities
ordered Amer¬
ican to divest itself of the two properties in an order dated June 21,
1944.
\
'
" '
•
In its opinion,
the Commission found that American could retain
only one of its utility systems, and that its non-utility properties
consisting of
telephone and
water properties were not retainable
with any. one of the utility systems.
The opinion stated, however,
that American chose to sell all of its utility properties and. retain its
The
■
^
territories,
respective
their
partly
this corporation
granted
its interests in two
Wisconsin
and
The
The Commission
Co.
Southern Gas
in
for
Gas
Co.—V,
.161, p.
^
1419.
,
to
'
•
minor
a
On
.telephones
-
the
in
telegraph business;
message
"v
v.
..each
,
in
States.
United
in. the
service
.
lines,
about
26,950,000
Net ry.
than
;
In whole
in
or
of its subsidiaries.
part over its lines or those
Gross
1
ry.
—V.
rates
foliows:
as
certain
distances,
estimated
amount
to
to
'*■
various
at
dates, Feb.
Feb.
1,
and March
15
1, .1943,
and
rates, rates for private line telephone, teletypewriter
services and channels for program transmission, estimated
Morse
amount
to
.effective
to
March
instead
of
7
approximately $35,000,000 on an annual
1, 1944, putting into effect night rates
and
Involving
also
overtime
basis;
at
6
\
it
amount
In
to
cf
approximately $21,000,000
division
the
the
•
of
time
such
of
the
and
1943
1943
rate
on
A
*
Underwriters—1The
follows:
»
'
*
.
;
<
,
In
addition,
subsidiaries
the
,
principal
made
•
.
at V
.
Allison-Williams
-• •
,A.
,
C.
•
"
and
Co.
_>
200
Brothers
250
for
the
expected
41,777
•
•
-
E.
Bache
Co., Inc.—_
Co.___—_
&
Becker
G.
1,000
500
___
300
Inc.— 5,000
Eichler & Co.-
Bateman,
A.
-
&
Ames
&
Co.,
Gould
Blankenship,
Blakely,
Inc.
&
100
6,500
——'
Blyth & Co., Inc
George D. B. Bonbrlght
______
7
Co.-
—
Alex.
•
'
•
be
is
660,444
327^98
442,954
385,172
ended "June
months
substantial
30
reached
cutbacks
and
Butcher
Inc.
bonds
John
&
Collins
shortly.
••■
•
v ',:"'--;
free'for reconversion to civilian
Day
Dewar,
The
coast
of
in
are
temporary
M.
Marks
Mason-Hagan,
Wm.
E.
&
Young,
Weir
Mericka
&
&
Co.—
Co.—_2—
200
Miller
Co.—
&
&
750
F.
Pan
&
250
-
Read
&
Inc.— 6,500
Co.,
Securities
,
&
to
form..-.."'
&
-
Corp.
Drexel
Webber,
Co.—
3,000
—
30O
Elkins, Morris & Co
Estabrook & Co.—:
*
—
2,000
Fahey, Clark & Co.——_—_
;
300
The
First
Boston
Jackson
California
First
of
250
Company—
"
300
lines
150
•
750
First
Trust
Lincoln,
Nebraska
Hamlin
6,500
Lunt—
&
Co.
&
•
•'•.
Gross
Net
Scranton
,
250
William
R.
Webster
&
,
and
Stroud
&
Sullivan
Co.,
Inc.__—
Webster
&
Hemphill, Noyes & Co.—
Henry Herrman & Co..
Weeden
&
Co.,
Richards
Hill
White,
Walker
J.
J.
B.
Hilliard
&
&
Co._.^
i
—_
Inc.——
_
Whiting,
300
The
Weeks &
Hornblower
t
E.
f
W.
F.
E.
Weeks
&
Hutton
Hutton
3,000
&
Co
r—_
500
&
Co.——
5,000
Wisconsin
Witter
Dean
1,000:
Wood,
into
Fe
St.
Gundy & Co.,
Woodard-Elwood
&
the
of
said
payment
stock
"Net
"On
"After
1,000
v.
per
i.
:
V
>'
t
<
I
I
$178,238
,$0.51
months
three
;
.
ended
June
30,
J 945,
were
$179,617,
1943.—V,
cents in
' V ,;
81
or
■■
161,
162, p.
3.
V
1,000
City and Mexico, Missouri,
200
nounced
on
1942
$2,633,137
1,969,466
2,094,145
1,672,488
1,424,383
$1,836,858
$1,780,693
$1,208,754
$1.02
$0.83
$0.80
$0.54
res.
per.
p.
130.
v";
Subs.)—Earnings—
of
the
Federal
no
profits
provision
no
tax
Government
believed
is
existing
under
to
Revenue
$7,526,000
$2.71
$2,682,000
$0.90
interest.—
■'
Trust
6%
fee
to
Co.—Subsid. Seeks Tenders—
Co.
of
provisions
sinking fund gold bonds,
said
New
plan
of
due Aug.
reorganization
the
York, as successor trustee,
1945, at 3 o'clock, receive
15,
(modi¬
1942
Continental
Bank
sixty days on an additional-chemicals
company
an¬
&
30 Broad St., y. Y. City,
stating
the bond numbers, for the sale and delivery to it as such 'trustee on
Aug. 15, 1945 of bonds of said issue in an amount sufficient to exliaust
will
as
until
Aug.
nearly
as
9,
be
may
the funds
written
available for
the
proposals
retirement of bonds
as.required by said plan at not over par and accrued interest.
at the rate of 5%
per annum will be paid on
said bonds
Aug.
14,
1945.—V.
A
that
letter
P-
to
Interest
through
161, p. 666.
stockholders
accompanying
the
the company has been adding new services
available, the waiting list continues to grow
telephones now total more than 80,000.
for
compares
with
70,000 waiting
Set
Corp.
"
;
li
71' V"
/v
Aviation
equipment
an'& unfilled
as
applicants in February.—Y.; 161,
979-
Bendix
s
dividend ' chdcks ; states
while
to
Deliver
to
Starters
.
ij
.
■
Speed Auto Reconversionreconversion of America's
automotive industry is under way in Elmira, N. Y., at the icompany's
Eclipse Machine Division, T. W. Tinkham, General Manager, disclosed
on July 18.
'
:
The division, a pioneer in the engine-starting field, expects to mee*
new original equipment needs of the automotive
and other industries
Production
Build New Unit-
be
Acts
subject to renegotia¬
'
contracts
•
Baumann &
the
to
executives,
excess
has
1990."
161, p.
Pursuant
This
$4,964,000
•
$1.75
the
opinion
for
mortgage
fied)..
; ;
1943
Federal taxes, but before minority
". V.,
$1,000,000,
share
on
stock____
company
becomes
1944
unit to cost more than
July 16,—V. 161, p. 2106.
•
oper.
Bell Telephone Co. of Canada—Unfilled Orders—
1, 1945,
presentation and sur¬
1945
will start within
1943
$3,453,181
of the plan of reorganization proposed
hy the Elbeco Realty Corp., a subsidiary, and declared operative by it
under date of Aug. 15, 1936, said corporation has deposited with the
trustee designated in said plan certain funds amounting to $25,000, to
be used for the retirement of Ludwig Bauman Brooklyn Building .first
11 Broad St., New York, N. Y.
at any time on and after Oct.
upon
the
Pursuant
RR.—To Retire Preferred
may
Atlas Powder Co.—To
Construction
manufacturing
1944
$3,931,003
costs
from
(Ludwig)
.
—
V
1945
$4,242,242
2,223,555 shares.
tion.—V.
to be held on July 26, in Chicago.
(&
(& Subs.)—Earnings—
$2,272,775
to
during
per
required
,
share
and
charges
0613)?
■
$274,872
$1.16'
$1.51
period
and the
and of
profit
Earnings
Canada, $27.50 per year; South and Central America, Spain, Mexico and Cuba,
NOTE: On account of the fluctuations in the rates of exchange, remittances lor
.
163,500
$313,291
$1.40
int.
lease
of
starter
drives
needed
in
-
2-9570;v Herbert'
^oi^Mondav^^Other
Issue) with a statistical issue on ivi naayj ucner
(Reg. U. S. Patent Office) William B. Dana Ccinpany, Publishers,..25 Park Place, New York 8, N. Y., REctor
William Dana Seibert, President; William D. Riggs, Business Manager.
Published twice a week [every Thursday (general news and advertising
offices: 135 S. La Salle St., Chicago 3, 111. (Telephone:. State
1 Drapers' Gardens, London, E. C., England, c/o Edwards & Smith. Copyrigh;
as second-class matter February 25, 1942, at the post office at New York, N; Y., under the Act of March
3, 1879. Subscriptions in: United
".*■
307,000
$330,654
taxes
add.
prof,
for
to. St. Louis.
Mr. Gurley stated for -the
considered by the directors of his com-
Refining Co.
for
off
outstanding
In
would be
of
The Commercial and Financial Chronicle
..
$581,872
376,600
and
1944,
after
for
"Earns,
Louis, were discussed.
Kansas
between
this
of New York,
City
Inc.— 1,000
Co.—
$341,738
$689,891
,•577,000
the
for
In
inc.
Fed.
Net
*
5,000
Co,_
6,202,731
share.
^
writ,
•
two roads would have
6 Months Ended June 30—
|
250
Company.—- 2,500
&
6,394,777
J
prof.,
and
4,000"
Stubbs..
1942
$6,544,469
6,446,130
:
•
from .Mexico
of
Atlantic
:
Weld & Co..
200
Son——
&
Alton
6,500
Dann
Co.)
1943
$6,976,649
$907,654
sales
orders
.
i
•
■
the redemption price
render of said stock certificates—V. 162,
1,000
250
H.
Co.—
&
Corp
Common,
3.
p.
.6,768,894
Barnsdall Oil Co.
-200
Co.
G,
•
at their next meeting,
obtain
150
Gibson
3,000
200
Securities
Vietor,
161,
1944
tax__
com.
Deduct,
original plan the
all
Fe
Holders
•
Collins & Co
Trubee,
of
3001
Blod-
Co.:.—;——
below.—V.
$7,136,021
6 Mos. End. June 30:—
shares of 5% preferred stock have been called
for redemption on June. 1, 1946 at $103 per share, plus accrued divi¬
dends to that date.
Payment will be made at The Chase National Bank
6,500 i.
&
$561,370
1945
profit
Income
cents
Oper.
All of the outstanding
250
Inc.
$434,125
subsidiary, Sunland Investment
(net)^—.
1990.
Electric Corp. report that the
corresponding week last year.—V. 162,
Atlanta Birmingham & Coast
Co.______ 6,500
Staats Co
'
250
Union
___
Gas &
Associated Gas & Electric Group for the week
amounted to 134,919,099 kwh., an increase of
Stock—
&
Barney
etc.
per
82
or
500
Shuman, Agnew & Co
288,864
*$13,888
$7,676,548
net
The
i
500
Co.—
274,734
$3,873,352,. as. compared with $3,731,463 in
1943, and net profits
$113,687 in 1945, 47
cents per share, as compared with $78,738,
The
300
&
Alegre Sugar Corp.
profit
Earns,
plan contemplates through joint operations by the two lines,
I.e.,' the Burlington and Santa Fe over the route described.
At the meeting tonight the representatives of the city and Chamber
of Commerce endorsed the proposal as. being in the interest of St.
Louis and indicated their full support.—V. 162, p. 347.
3,000
Stringfellow_;
$850,234
$708,859
47,397
7.
162, p. 3.
.sales
Expenses,
'
pany
100
Co..
Gardner—
Ripley & Co., Inc. 6,500
Harris, Hall & Co., Inc.— 3,000
Hayden, Miller & Co—_ 1,000
Hemphill, Fenton & Campbell, Inc.
100
<
t
&
W.
get,
Harriman
*
Chas.
Stone
500
&
&
1,000
•Goldman, Sachs & Co
Goodbody
Pressprich
250
——
Folger, Nolan Inc.—
v
W.
Reinholdt
the
the
of
Santa
500
Strllman, Maynard & Co.—
of
Co.
R.
Punta
Federal
£:■}
-
the Burlington
.
5,000'
—
Co
45,661
*$14,572
(Including
"
150
Perrin, West & Winslow, Inc.
Smith,
Corpora¬
Michigan
tion
The
&
' i •'
■
Barker Bros. Corp.—Earnings—
used jointly the
and _the
west of
Mexico.
Under negotiations now under way between the Gulf, Mobile
& Ohio RR.',
the Burlington and the Santa Fe, it is expected that
applications will be filed with the Interstate Commerce Commission to
bring about, the Santa Fe's entrance into St. Louis via the ; existing
&
——
Parrish
Scott
Corpora-
6,500
First
Curtis
1,000
—
&
the
Under
1,000
...
16,732
18,307
i
$33,511
$31,089
income
-See
Net
200
Co.__
2,298
Baragua Sugar Estates—$750,000 Note Paid—•
line of the Burlington between St. Louis and Mexico, Missouri
two
lines
would
have
arranged for necessary construction
'
,
Associated
the
1945,
the lines cf the Santa
5,000
Co
Paine-Rice
$833,502
1,928
charges—.
"Deficit.—V.
of
a meeting 'of city officials and civic leaders on July 13 with Fred
Gu'rley, President of .the. Santa Fe, and H. C.- Murphy, Asst. Viceof the Chicago, Burlington & Quincy RR., the plan of the
Santa Fe and Burlington, first considered some 30 years ago, for im¬
proving the entrance of the Burlington into St. Louis and of bringing
250 '
Co..
98,960
$690,552
3,057,862
1,290,482
for
charges—
fixed
Net
President
1,000
George....______
Neuhaus
Paine,
.;
--
,&
S. Moseley & Co.
Maynard H. Murch &
$734,542
■|7- 23,348
$31,213
V
$29,161
,
(net)—_
available
fixed
G.
750
Co., Inc.
Turben
income
Total
At
.
1,000
Inc..
$667,204
39,718
.,
bonds upon surrender thereof may
payment of the full redemption price, including
Sept.' 1, 1945.—V. 161," p. 1419.
of
20,
St. Louis—
300
J.
&
*
150
'
Co...
inc.
railway oper.
and
500
Co..
Inc.
Masten
McLeod,
&
*$8,505
37,752
Income
Atchison, Topeka & Santa Fe Ry.- -Plans Entry Into
6,500
——
$5,082,886
*$8,591
income
Other
called
the
of
output of
July
p. 347.
Corporation. 5,000
Brothers
year.—
1945—6 Mos.—1944
income
•;
6,500
Laurence
Higginson
last
$5,936,282
3,626,601
1,642,477
(net)____
war
production
of
taxes
income
period
same
$567,312
463,849
111,963
called for redemption on Sept. 1, next, $500,000
3sinking bund bonds, series E, due
5,710,904 kwh., or 4.4%, over the
300
Co.—
Merrill,
Dominion
The
&
the
in
1945—Month—1944
expenses
20-year
of -any
trustees
ended
6,500
Company_
Freres
250
Robertson
Dillon,
and
Lazard
Smith
——
Davenport
Laird
Federal
1945
$538,364
495,047
51,908
revenues
oper.
Net
500
MacColl, Fraser & Co.—
Mackubin, Legg & Co.—
100
Co
Co.
•R." L:
250
$14,487,955
against
as
of
347.
p.
oper.
p.
300
Kirkpatrick-Pettis Co.
Kuhn, Loeb & Co.^.
A.
Bennett,
Crouse,
6,500
12,067,993
months
Railway tax accruals—
high
new
a
(111.)—Partial Redemption—
has
interest
electric
250
Co._
Kinsley & Adams
2,000
Company.
750
&
&
11,733,969
six
first
Associated Gas & Electric Co.—Weekly Output—
500
Kidder, Peabody & Co._
Kingsbury and Alvis
Lehman
Clark, Dodge & Co.——_
Julien
Kidder
M.
Inc.i__—_
250
—
Carroll
B.
Co.,
2,495,021
2,076,18G
the
.
immediate
accrued
150
Lee
& «Co.,
McCarty
__
&
Inc.—.
500
Sherrerd——
&
Campbell,
Kalman
A.
Co.,
&
26,350,687
498,136
13,784,558
—
in
Railway
211,439
cancellations
:
mortgage
.receive
300
Joseph
income
Railway
shortages
•
company
Holders
500 1
Co
496,237
13,261,527
Bangor & Aroostook RR.—June Earnings—
564,763'
received
now
;
Inc.
Johnston, Lemon &
_
Period End. June 30—
2,516,325
"' 851,317
" '
97,216
2,276,450
__
;
.
-
2,925,324
60,170
2,243,807
__
deductions
162.
washing machines and ironers as far as government
concerned, Mr. Frantz said.
He pointed out, however,
are
first
Company—$1,000
Johnson, Lane, Space & Co.,
income
charges
Net
Omit'd i
•
150
——
25,491,733
cleaners,
continued
These
-,(,000)
„
*
Name
250
Marshall—
Brothers
4,868,687
140,191,208 ,138,267,704
.
Sept. .1, 1964, at 102'/a and .interest, i- Payment will be made out! of
sinking fund'monies at the Continental Illinois National Bank &
Trust Co.,
231 South La Salle St., Chicago, 111.,or at The Chase
National Bank of the City of New York, 11 Broad St., New York, N. Y.
as
.
^
250
1,500
Sons—
&
Brown, Lisle &
Buckley
&
—
Brown
4,380,163
Total
Fixed
V.
'
•
2,898,678
750,840
.
six
that
will
way
The
of
*
A.
22,909,775
3,440,912
income
Railway oper.
Armour & Co.
the
are
;.v:■
The Illinois
Allyn & Co., Inc.____ 2,000
Almstedt
22,958,343
2,533,390
(net)
income
oper.
ry.
Miscell.
'
$6,500
3,849,261
1,019,426
rents
6 Mos. End. June 30—
during
underwritten
.
Omit'd
•
Morgan Stanley & -Co.—
621*046
substantial
A
reductions
underwriter
debentures
(,ooo)
*
,
'
each
of
,
-
v *
Name
;
amounts
3,759,117
Net
3
changeover. *
to reduce the share
and its subsidiaries by
basis.
telephone
of
name
principal
3,412,465
950,531
accruals_
rents (net)
ta?c
facil.
Other
.
of materials and manpower will delay the
" * ■. "
;
' *
'*
readjustment of the company's plant facilities' is
being
planned
and
will be made as rapidly
as
cutbacks permit.
—V. 161, p. 562.
.
'
that
:
respective changes.
respective
is
controls
in intrastate toll rates estimated to amount to approximately $4,500,000
and
$8,250,000, respectively, on an annual basis.
All of the above " ;
estimates were based on the volume of business at the time of the 7
*
933,695
,
$410,546
85,584
29,330
$467,032
116,186
57,666
93,259
*
3,094,924
income—_
sales
The
change
made
was
3,293,056
137,813
estimated
company
annual
an
principal
the
the
to
basis.
companies
.
•
•
•
railway—
P.
contracts
rates
annual
an
on
connecting
reductions,
applicable
$7,000,000
1944
with
revenues
revenues
approximately
„
m.,
'
♦
railway—'
162,
vacuum
m.
for teletype¬
writer exchange service, estimated to amount to
approximately $8,000,000 on an annual basis; and one, effective July 1, '1945, involving
basic rates at the longer hauls beginning at 790 miles, estimated to
p.
24,203,054
725,748
124,093
Railway
Joint
$15,174,000, or about three times the volume for .the corresponding
of 1944, according to C., G, Frantz, President.
The .increase
is largely the result of expansion in production of war products at
the company's Cleveland and Sandusky, Ohio, plants, he said.
.
V While
the- present
level of .manufacturing vis
being
maintained,
one,
p.
26,562,611
,615,825
*
Equipment
period
involv- 1
ing toll overtime
24,324,641
5,205,414
of
,
effective
-
87,590
oper,
Net
annual basis;
an
34,242,877 193,938,913
23,680,885
5,398,739
Apex Electrical Manufacturing Co.—Sales Set Record
*
interstate toll
basic rates, at
approximately $5,200,000
one,v effective July 10; 1941, also involving basic ;
rates at certain distances and eliminating report charges, estimated *
.to. amount to approximately $14,000,000 on an annual basis; one, -'
cn
33,578,659
expenses
Rent
these were five major reductions in
one, effective May 1,
1940, involving
189,743,529
revenues
operating
.'1942
1943
$460,593
166,093
from
Net
Rates—During the past five years there have been numerous reduc¬
in toll rates of the company and
its principal telephone subAmong
$
$
operating
$16,567,207,
'V:
1944
$558,418
income—
from
Net
tions
sidiaries.
1945—6 Mos.—1944
$
Ry.
"Includes
1
railway—
oper;
From Jan. 1—-
-•
of
.
•
from
Net
railway—
.from
Gross
the telephones in -the United
States can be interconnected.
Company estimates that approximately '
95% of the toll messages originating in the United States are routed
rural
60,000
become
Ry.
;
1945
June—
subsidiaries V
with;
these
Since
been exercised will
1945—Month—1944
$
/Ann Arbor KR.—Earnings—
31,
interchanged
arrangements under, which toll traffic is
other and some 6,100 other telephone companies and more
have
.
1945, subsidiaries of the company had approximately
telephones in'service, which is about 80%
o;
the total
March
21,725,000
•
engaged
a
242.
Baltimore & Ohio RR.—June Earnings—
.
extent
$15
all warrants that have not
p.
•
.
•
162,
holders of subscription warrants
that the right to purchase the
share expires at the close of business Sept. 1,
common
Period End. June 30—
■
i. The
company and its operating telephone subsidiaries furnish cerAmerican Water Works & Electric Co., Inc.—Output—
tain services which are auxiliary or incidental to the telephone service
Power output,"* of; the ;electric
furnished, such as: private circuits for telephone, Morse and ...
properties of this company for the
week ending July 21,1945, totaled 87,069,000 kwh., an increase of 5.59%
^teletypewriter use;- teletypewriter exchange service; communications
"channels for special purposes including the transmission of pictures; n over the output of 82(451,200 kwh. for the corresponding week of 1944.
And services and facilities for the transmission of radio .broadcasting u —V. 162)' p. 346. ;
*
■and-public address programs.
Revenues are also received from other
sources, such as: advertising in telephone directories; leasing .of cer;; Anaconda Copper Mining Co.—New Official—
tain;circuits, equipment and other facilities; and billing und .collecting '/
-Frank O. ■ Case has, been appointed Assistant to the Presidents—
for telegrams and cablegrams, telephones to certaia telegraph dnd (£.■
i
,
■
•
"'.cable companies, f In addition, three of the company's subsidiaries are 7 Y. 162, p. 2. » -
'
at
After this
1945.
void.—V.
V
;
value
par
stock
attention of
stock
calls
Company
$13
common
non-utility properties rather than select a principal system.
Its utility
properties consist of Minnesota Utilities Co. and Wisconsin Southern
.
Expire—
Baldwin Locomotive Works—Warrants to
,
territories, (2) toll service within such
conjunction with the company and .other tele¬
phone companies, and (3) toll service jointly with the company and
«.other telephone companies between points within and points outside
of such territories.
.777 ..7
"7
within
service
has
SEC
to dispose of
1946,
Co,
(1) local '
\ The company's operating telephone subsidiaries furnish
'
.
1945i by William2B Dana Company Ree^ered
Stat^and Possessioim,^ $26.00.perr year, in Dominion^pf
$29.50 per year; Great Britain, Continental Europe (except_Spain),_ Asia, Australia
foreign subscriptions and advertisements must be made in New Yom lunas.
ana Airica, $di.uu per yea?,
.. ,
,
.
Brewing Corporation of
stride, while carrying to completion its continuing war production
responsibilities, Mr. Tinkham declared.
"To
keep ahead of anticipated starter demand which will greatly
exceed our pre-war output, we have set in motion plans for installa¬
tion of new tooling and equipment and extensive plant re-arrangement
to
facilitate increased peacetime manufacturing efficiency and vol¬
in
models
applications for the standard and new
the Bendix
starter drive have required a continuous high
starting equipment production in the Elmira plant for the past
wartime
increased
of
of
level
tnree
Bristol-Myers Co.—Listing—
for
type of army
nearly every
including
starters for
units,"
the division
and service parts for essential home
transport and combat vehicle
162,
in V.
offering
*"-
-
,
243.
p.
YY";v
classes).
proceeds will be used together with funds of HuntCorp., to pay in full the principal of, together
on, the outstanding debenture bonds of Hunt-Spill'er. •
The outstanding
debenture bonds of Hunt-Spiller are absolutely and
unconditionally guaranteed both as to principal and interest by the
company.
In addition to the principal and interest which will be
payable to the holders of the debenture bonds, prepayment premiums
aggregating approximately $23,604 are payable to State Mutual'Life
Assurance Co. of Worcester, Mass., the holder of one of the two out¬
standing debenture bonds, originally in the principal amount of $520,000-and now in the principal amount of $504,292.
The other out¬
Purpose—Net
Spiller Manufacturing
Years Ended April
*
thousands of starters
engines, it was statc-d.
models of the starter drive have been used on
helicopter engines and in the starting of target boats remotely con¬
trolled by radio, company engineers disclosed.
New special features
include development of shielding devices to protect starter drives against
desert and prairie dust and new plating processes to prevent rust and
corrosion in marine applications, it was reported.
Other new features
are well past the pre-planning and test stage, the company said.
While continuing volume production of its standard starting units
the division also
has undertaken other major war production pro¬
grams.
These have included manufacture-of millions of mechanical
time fuses and projectiles and thousands of 20 millimeter automatic
aircraft cannon, aircraft magnetons and new highly precise fuel equip¬
ment.—V. 162, p. 4.
'■
• '■
r.1
Number
war-improved
of
Earnings
*
and
and
000.
.
on
the
24, next, all of
fund 3% bonds,
all of the out¬
standing consolidated mortgage 25-year sinking fund
bonds,
series H, due Feb. 1, 1965, at 105 and interest.
Payment will be made
at the company's stock transfer department, 25 Broadway, New York,
N. Y. .7
; ;77:
7:77:7 77 77/77Y
The series F 3Vk%
bonds due July 1, 1959, were recently called
for redemption on July 30, 1945- at 105 and interest,—V. 162, p. 348.
corporation has called for redemption on Aug.
consolidated mortgage 20-year sinking
due Feb. 1, 1960 at 103 and interest, and
The
seven
Old
G,
Inc.—Dardi Interests Acquire Stock—
Blair & Co.,
1945
i3Vi fe
Y
profit
Net
Y';-y. '7':Y 7Y;Y---;Y~—';; $303,045
;
•
of
•
'
The
states
company
Government
in
backs
Subs.)—Earnings
'•(Sidney) Blumenthal & Co., Inc. (&
July 3,'43 June 27,'42
$232,712
$469,938
61,032 ■
62,396
77,749
'.75,088 .199,161
June 30,'45 July 1,'44
$483,806
$245,627
55,742
56,421
Quarter Ended—
Operating profit —
Depreciation reserve
Frov. for Fed. inc. tax
Net Sales,
$3,998,940
5,608,489
.
1942—
4,699,893
1941—77-^_w~-**~, ,i:
2,000,080
1940
1,683,360
1939
1,222,731
1938
732,025
1937
1,033,215
1936
626,883
303,727
$111,457
profit—$124,336
$96,593 —$208,381
$0.31
$0.77
;
$0.46 777:' $0.39
shares
EarnS, per com.
Earns,
months
ended
June
3,
share-
com.
all
•After
1945,
;
per
V.. 161. P.
net profit was $399,520,
equal to $1.55 a common share, compared with $310,712 or $1.15 a
common share for the first six months of 1944.
Federal taxes for this
period aggregated $504,315 and $212,385, respectively —V. 161, p. 1875.
the -six
"e For
profit
Booth Co., Inc.—Earnings—
—v.
Borg-Warner Corp.—Adds 17 New
fore the
■
a
Company Division
sure-loaded pump for aircraft, and has been thoroughly tested by sev¬
eral
leading farm tractor manufacturers, Mr. Minshall
it would
be
this
new
issue
were
useless
to
follow
up
tbe matter at this time.
iM-s.
it'..
"
■
24
-
;
been appointed transfer
of New York has
4% cumulative preferred stock. The proceeds
certain notes and
cumulative preferred stock.—V.
162, p. 244.
California Water Service Co.12 Months
Operating
1945
2,330,056
—
depreciation—.
Operating expenses and
7"
■
■"
_
—
$3,537,995
2,162,187
$1,420,769
$1,375,809
14,713
13,264
........
deductions
4-'- -——7.
.
$1,435,481
924,438
$1,389,072
830,442
$511,044
before
-
Deductions
Net
1944
$3,750,825
Ended June 30—
revenues
Balance
$558,630
incom^
208,502
preferred stock—
Dividends on
1,628,150
plan was approved by directors June 20.
plan, it .was indicated, could only be accomplished by a favor¬
able two-thirdsvote of each class of stock.
According to Mr. Sweeny's
"it
letter,
developed
that
one
interest
in
Cleveland
had
control
Balance '
—v.
of
120,000 shares of present common stock and could easily acquire 14,000
shares which would be sufficient to block the plan.
This
(A. S.)
additional
interest has stated
that not only will it oppose the plan, but will work
nLeVerp- way possible to defeat the same."—V. 162, p. 4.
extraordinary meeting of shareholders held on
Jjuhe .'6, it was voted that the capital of the company be increased to
£.323,000 by the creation of 300,000 ordinary shares of four shillings
„At
each.
■
The
clofce
have
directors
ordinary
of
decided
to
offer
the
newly
created
shares to
shareholders registered in the books of the company at
business 011 July
13, 1945, on the basis of one share
the
at
4s,^6(L"per share for every three ordinary shares held; fractions to be
disregarded.
Any shares
tf—directors
terfns
and
For
the
of
the
to
July
.
not taken up under such offer will be disposed
to such persons at such times and generally on
conditions
purpose
ordinarv
21,
of
as
the
making
shareholders
1945,
directors
both dates
of
the
above
such
proper.
offer,
the company
inclusive.
deem
of by
the transfer registers
closed from July 14
were
Jan,
—
to
— G. H.
offered 18,000
(no par) with
Stock Offered
18,000
purchase
shares common
at $51 per unit.
dividends
1, April 1,. July
time in whole or
less
than
30
days'
the
consolidated
$182,086
77,329
7
131,216
179,981
267,442
76,660
98,430
'
121,013
98,059
32,584
28,598
273,166
7 7 222,110
1,105,335
883,720
338,633
150,646
291,964
130,379
$2.50
cumulative
requirement
on
the
quarterly
Preferred stock redeemable at
preferred
stock are payable
and Oct. 1.
in part, at the election of
notice at following prices
1
net
earnings after
Property—Company
and
on
the
18, 000
7;-7; ■11
all
organized
was
■
in Massachusetts
1933.
23,
77 7 77" 7 7-7.,'
'7"';-77;.,
intends to resume its civilian business.
that in view of current; government regulations
providing for a limited but gradually, expanding automobile production
the; company may have the opportunity to supply metal specialties to
automobile manufacturers prior to termination of hostilities,
Com¬
pany expects to remain primarily, in the business of manufacturing
metal specialties..
:'
• • ;7/
77 77,... 7 :.v77'
''-'7"
Hunt-Spiller was incorporated in 1922 and is the continuation of a
foundry business which was started in Boston, Mass., in 1810.
It is
presently engaged in the manufacture of five main classes of castings
and machined parts, as follows: (X) Gun iron castings and machined
parts for wear-resisting parts of steam locomotives, (2) Bronze and
combination bronze and iron machined packing rings for use , on steam
locomotives, (3) Gun iron castings' and machined parts for use in
stationary and marine diesef engines, (4) Steel castings and machined
parts for general marine and industrial use and also steel pistons and
parts for railroad locomotives, and (5) Automotive brake drums.
Hunt-Spiller's peacetime production has continued down
through
the war period
Hunt-Spiller has no conversion problems.
It has
produced no war products as , such.
However, in 1942 22.05% of its
sales, in 1943 29.23% of its sales and in 1944 25.37% of its sales
may be viewed as indirect war production.
The products of HuntSpiller are now sold approximately' 75% to the railroads and 25%
to customers in the marine and industrial fields and there has been
no
material variation In these percentages beginning with the year
1939.
Hunt-Spiller's business is not done on contract.
It is based
upon orders received from customers, as their requirements^ demand.—
V. 161, p, 2565.
:
'.;.7
.:<77
problems.
771 7'
•
the
After
In
war
the
company
it is believed
fact,
Federal income and excess
profits taxes of the prior fiscal year after deducting therefrom the
aggregate amount of the dividends accrued "non the preferred stork
in that year, with credit for shares at $53.50 per share previously
Alej Inc.—Expansion—
Canada Dry Ginger
7
President, on July 13 announced the purchase by
company
of the plant equipment
and distribution facilities of
former licensee, Canada
Dry Bottling Co. of Indianapolis.—V.
p.
W.
Moore,
this
its
162,
131.
Corp.,
Canada Northern Power
12 Months
Ltd.—Earnings—
-
;
operating, mainten. and taxes
'
earnings
Net
—V.
1944
$4,159,358
1,526,434
$2,632,924
161, p. 1765.
Canadian
Shares and
A
■-
1945.
$3,074,028
1,077,679
$1,996,349
Ending May 31—
Purchased power,
Celanese Ltd. — To Split-Up Preferred
Discontinue Participation Feature—
meeting of holders of
preferred shares and the common
special general
.
of
dividend
Gross earnings
the company upon
per share: $56 on
or
before April 30, 1950; $55.50 011 or before April 30, 1951,; $55 on
or
before April 30, 1952; $54.50 on or before April 30, 1953; $54 on
or
before April 30, 1954; $53.50 after April 30,
1954, plus dividends
to date of redemption.
Preferred stock will be entitled to a sinking
fund sufficient to retire 3%
per annum (commencing with the year
1946) of the largest number of shares which at any time thereto¬
fore shall have been outstanding, together with a sum equal to 5%
any
not
224,221
Since , 1941 company has been ^engaged almost- exclusively in war production.
In each of. the years 1942, 1943 and 1944
not less than 99% of its production; went directly or indirectiv into the
war effort.
During this period the company has produced shell cases,
stampings for submarine parts, and miscellaneous stampings for ship¬
building companies,
bogie wrenches for tanks, shipping bands for
heavy bombs, and is now making preparations to produce chemical
mortar shells.
The company will not have any material conversion
R.
•
attached
Cumulative
adjourned
an
"
,186,829
818,442
1,313,472
annual
June
$350,128
.
Campbell Co., Inc.
stock ($1 par)
77-
$321,553
208,502
$302,541
Walker & Co., Providence, R. I., recently
shares $2.50 cumulative preferred stock
warrants
r.Bradlow's Stores, Ltd., London, England—Rights—
J
—~~—
162, p. 349.
After
Taxes
$110,443
182,067
164,011
113,573
89,888
156,144
25.476
95,931
67,263
770,416
.
7 1,325,830
1935
The
The
Net
1,083,867/
Business
applied to the retirement of
5%
of
issue
entire
the
■1,504,502
on
share.
profit
Non-operating income
Stockholders of the corporation have been informed in a letter from
Martin-Sweeny, President, that because of the opposition to the plan
of reorganization by a Cleveland group of stockholders the directors
decided
.
Corp.—Transfer Agent—
agent for $15,000,000 of
of
1939::::::::::::::.:::.
Co..
preferred shares now offered will be $45,000.
I After .'provision for renegotiation,
added.—V. 162,
.
Ro\l'man-Biltmore Hotels Corp.-—No Reorganization—
MVe
July
par
Gross
...7f7:'7..c
*
.
2,860,490
The
Inc.—Split-Up Ratified—
Trust Co.
Guaranty
The
type
as
on
no
Burlington Mills
New Pump—
hydraulic controls for farm tractors have become a
result of a new pump developed by the Pesco Products
of Borg-Warner, according to R. J. Minshall, Pesco
President.',
7:-y-; ';,77
7
''
No larger than
a
man's two fists, the pump runs off the tractor
.engine, supplying hydraulic pressure to raise and lower plows, harrows,
cultivators and other tractor-mounted
implements at the flip of a
handle.
The pump design was adapted from Pesco's gear type, pres¬
Aircraft
,*•
reality
present
each
for
■,
"All the new distributors were added to the organization to meet a
specific need," he explained, "to provide dealers with quicker and
better service when appliance selling is resumed, and all the changes
were made with
the acquiescence of established distributors."
Pesco Products Division Develops
.
stock on the basis cf two
common
■■.".•■v.-
•'./
war.
=
approved a split up of the no par
shares of new $5 par common stock
This involves an increase in the;
authorized
common
stock from 5J0,C00 shares to 1,000,000 shares, ;
The split-up will result in 649,762 new common shares being outstand¬
ing-compared with the 324,881 shares noy/ outstanding.
The company will transfer $727,677 from capital surplus to capital
to bring the latter account up to $3,248,810.
/;7''.:*7'/^77 "77
The stockholders also approved an amendment to the pension plan
providing, death benefits.
,:;-7:7;. 7.
7-::'7
The
meeting
adjourned ' to Aug. 7 pending completion of details '
incident to the stock increase,—V. 162, p. 243.
stockholders
The
Distributors—
provide better service
'
1,772,247
1942
1943
1944 7
Cost
$2,828,085
2,565,272
2,701,740
7 2,227,155
1,255,526
1,114,432
3,287,426
1941
7;
•;
.
Bulova Watch Co.,
for Norge dealers throughout the country,
especially in areas which have seen sharp population increases since
the outbreak of the war, M. G. O'Harra, Vice-President and General
Sales Manager of the corporation's Norge division, announces the .ap¬
pointment of 17 new distributors since Pearl Harbor.
He emphasized
that no changes had been made among those who held franchises be¬
To
$250,000
.
Years
1,926,786
'
negotiataoh.^ v:tOn 334',V867 shares.
—V.i jei. P. 1992,
y.
$0.42
^/YY'YY YV'.vY
v'5V
2642.;
160, p.
•After
'
1942
1938
7-.„;77'v7:-77'.7-77'77''-'7.••77::7'7't;;-7''7,
$$240,020 r $$103,545
*$320,303
$401,530
7 :
$0.74. ,.
$0.32
..
.
$0.98
.$1.23
provision for war-time contingencies but before re-
"profitafter
all
charges and taxes___
fEarns. per com. share_
$500,000
18,000 shs.
87,841 shs.
7:.,. Net
Before
Manufacturing
3,154,552
Subs.)—Earnings—
1945
Quarters End. May 31—
1944
$4,395,512
.—67.239
June 30—
■*
-
Buffalo Forge Co. (&
-
1945
Sales —.7—$3,190,679
Net profit alter charges and taxes—i—-,.
9,172
Earnings per share on'103,031 common shares$0.05
4 Months Ended
including
charges,
Net
<F." E.)
7 $887,416
$638,638
$0.32
7 $0.90
$0.66 ;
depreciation and Federal taxes.—
22157
.
of Sales
Taxes
$3,356,943
$354,493
4,704,522
593,567
3,816,103
7 602,261
1,619,317 7
172,399
1,365,135
7 121,988
77 828,861
192,200
552,746
30,830
730,815
126.431
452,343
77,350
495,121
88,517
$3,450,354
1943
* $305,340
$436,331
$0.44
Hunt-Spiller
1944
1945—6 Mos.—1944
1945—3 Mos.—1944
give
-v;
Outstanding
.
662,180
(2)
•Net
Net
:
1935—
Budd Wheel Co.—Earnings—
Period End. June 30—
to
adjusted
;*•' 7"7 7.777
Inc
.7
7 :;
'
—_
1943
&
'
Calendar
for
.
.
1957,
v7";77"77
v
7.-.-.v77 v7c;.'...7;. 1944
Ohio Ry. Co. has placed an order with the
company
for two luxurious streamlined stainless steel trains'with
which it will inaugurate after, the war a fast de luxe daylight service
between
Washington and Cincinnati, Carl E. Newton,; President ■ of
C. & O., announced on July 24.—V.
162, p. 130.
. '
,
<m
Chesapeake
-.v
Earnings
of
(DA. S. Campbell Co.,
\ 1
'
/,
;v7
•
7777'7-7V'"•;7;7';'7'■ ;777:/7..'7":
June
of
as
New
shares are reserved for issuance upon exercise
the preferred stock..
;777^;,:;7-''7r7;><i'>7''7 7777;'"
Summary
iRevised.
Receives Order—
The
attached to
encumbering of assets.
30, 1945.
tAfter
7^' ;' ■ • -"7'- y 7v
that the decrease in its profits is due to cut¬
orders and the beginning of reconversion;
>
outstanding
stock
common
provision for renegotiation.
due
note
$500,000
40,000 she.
*150,000 shs.
par)-___-7——7^7-:
($1
additional
*18,000
warrants
$0.21
provision for dividends on $5 prior preferred stock, based for
periods on 143,194 shares of $5 prior preferred and 1,687,558
Shares
to
7;:"$This note will mature 12 years after date, bear interest at 3Vz%
per annum until stated maturity, and will call for principal paymentsof $42,000 a year during each of the first 11 years with final payment
of $38,000 during the twelfth year.
In addition to such fixed annual
payments, the company will make a further principal payment annu¬
ally equal to 25% of the consolidated net earnings, after all taxes, of
the preceding fiscal year in excess of $250,000 of the company and .its
subsidiary, Hunt-Spiller.
This note is protected by various provisions,
including restrictions on borrowing, working capital, dividends and the
•After
both
stock
$0.07
re
$500,000 3%%
note due July, 1957
>
pfd. stock (no par)_——7
$536,703
•Earnings per common shares—_—
Co.
Insurance
privately
sold
Securities—Company's capital securities,
financing, are as follows:
Common
$1944
.—
Life
has
$2.50 cum.
$2,669,703
2,133.000
profits taxes.
excess
company
Authorized
Times Distillery
$1,030,545
727,500
after charges
tNet
Federal income and
Privately—The
Mutual
Capital
Co.—Earnings— 7"
Quarters Ended June 30—
the
Note
of
effect to the present
plant,
(Edward G.) Budd Manufacturing
;
The' corporation announces that arrangements have been made for
purchase* by the Dardi interests of San Francisco of all of the
shares of Blair & Co., Inc., owned by the Pacific Coast Mortgage Co;
The board of directors of
Blair & Co.,- Inc., as now constituted is
as follows: Frank^B. Bateman and John J.
Bergen, New York; Charles
Crouch, San Francisco, President of Lucky Stores; Virgil D. Dardi and
Edward- David Keilj San-Francisco; William H. Keesling of the law
firm of Keesling & Keil, San Francisco; John R. Montgomery, Hearn
W. Streat, and James J. Sullivan,' all 'of New York.
:
Mri.Keil ls Chairman of the board of directors and Mr. Montgomery
is Vice-Chairman of the board and Chairman of the executive com¬
mitted, and Mr. Dardi is Vice-Chairman of the executive committee.
vNo><changes in the present policies of Blair & Co., Inc., are con¬
templated. Its activities in the government bond market, underwriting
of municipal and corporate issues will be expanded and its sponsorship
7 of
its
wholly owned subsidiary, Lucky Stores of California, chain
store corporation, will be continued.—V.
159, p. 731v^^^
;
Forester
demand note of the company for $1,000,Hunt-Spiller debenture bonds are paid
a
that the
metal specialties and In connection with Hunt-Spiller's post¬
production and sale of castings and machined parts,
However
portion of the proceeds of the loan will be used to provide
Hunt-Spiller with additional plant, machinery and equipment.
plant and to
series
received
extent
the proceeds of
seme
cost $1,750,000; construction of a bottling house at the
estimated cost," $500,000.
The Early Times Dis¬
tillery plant is about three miles from the Old Forester plant.
A feed-plant costing $240,000,
installed for complete recovery of all
utllizable high protein products, has already been completed, along
with $160,000 worth of boiler expansion and a $125,000 office ex¬
tension.
■:7.7' 7..''7'. ,..77- v"77'y'■,77:-'7',v"7
;77"7.
The company recently acquired for $100,000 the property
of the
Independent Ice & Coal Co. in Louisville. Ky.-—V. 162, p. 244.
the outstanding
pur¬
war
Construction of
two of its parts that are, still on paper:
new warehouses/ to be located about the Early
total
of
sale
war
into
go
the
of
Company will use. a substantial portion of the proceeds of the loan
capital to finance accounts receivable, materials,
..
Two More Issues—
Bethlehem Steel Corp.—Calls
$1,000,000
company.
supplies, goods in process, finished inventories and working cash bal¬
ances
in
connection
with
the company's post-war
production and
most of the program, of course, must • wait restrictions, but, in cases where buildings
effort were required, blueprints have already
turned into
buildings.
Also, a purchase of buildings already made
by the company may be considered part of the program outside , of
the blueprint stage, although improvements planned for these build¬
ings are not,
...
■■
7
7
; ■. 7 7";;v; ■
.;'7:7777
Over two-thirds of the $3,000,000 to be spent on the program will
to
the
for additional working
wartime
of
end
the
until
necessary
the
To
England
;
•
trade an
Work
completed.
by
,
jubilee year, this' corporation recently an¬
expansion program costing $3,000,000 when
its
with
the
to
is held
the Hunt-Spiller stock was funded by the
Hunt-Spiller debenture bonds guaranteed by. the company
Hunt-Spiller
of
out
Sale
Coincident
principal amount of $480,000
the
the underwritten preferred stock, the $l,000,00t0
indebtedness of the company to Hunt-Spiller will be reduced.
7,,.;
$4,34
$3,000,000 Expansion Programnounced
in
price of $1,311,046 of
issuance of
294,487
295,000
:_™
share—
taxes
After
chase
545,454
shares:..
common
per
acquired
subsequently
280,000
$3.34
$1.63
charges,; but subject to renegotiation settlement.
1,073,808
1,360,032
profit
•Net
front vehicles and
Subs.)—Earnings
(&
debenture bond
standing
by the Second National Bank of Boston/Mass.
'
In September of 1944 the company made an offer for all the out¬
standing shares of Hunt-Spiller.
All the shares of Hunt-Spiller were
■
1945
1944
1943
$33,558,808 $22,605,964 $19,531,540
30—
sales
Net
the interest
with
^
;
Distillers Corp.
Brown-Forman
well
New
•
National
The
the listing of 75,000 ■
shares of 3%%
cumulative preferred stock (par $100), upon notice
of issuance.*
7 7'7-•,./.> '■■•;•', -"V: 7-7
/ ;7 777 7.
777''re-re 7;7
The Cnase National Bank of the City of New York has been ap¬
pointed transfer agent of the preferred stock,, $100 par value. , See
jeeps, tanks, trucks, tractors and prime movers, as
as
P. T. boats and a host of other military and naval power
In addition to meeting requirements of the armed forces,
supplied
sinking fund
Exchange has authorized
York Stock
New
The
out. This has enabled the division to maintain
organization of personnel, a factor that will help
hasten reconversion and output of peacthne models for early civilian
automobiles and other engine applications, it was stated.
> ■
"Between Pearl Harbor and V-E Day," Mr. Tinkham disclosed,
the
Eclipse division produced nearly 5,500.000 units of starting equipment
years, it was pointed
its veteran production
than through the use of sinking fund money.
The
redemption price is $53.50 per share.
Rockland Bank of Boston is transfer agent (for both
otherwise
retired
America—Bank Loan—
corporation", subsidiary of Canadian Breweries, Ltd., has issued
$4,500,000 of bank notes.
Of the proceeds $2,500,000 have been used
to pay off bank loans under loan agreement dated Sept. 29, 1944,
The
new
issue matures $500,000 Dec. 31,' 1946,
and' each Dec. 31 .there¬
after through 1954, and carries interest rate of 2%%
on maturities
through 1950 and 3Va% on notes due from 1951 through 1954.—V, 161,
p. 1991.' 70 .v. v-:;7.'YY.
-A: ',777'— 7 —
V- Y'':;7''The
division's first reconversion
in disclosing the
ume," Mr. Tinkham said,
Monday, July 30, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
452
pating
preferred
mc:
the 7% cumulative partici¬
shares has been called for
adjustment of the capitalization.
"
proposes that holders of the 7% cumulative participating
shares, $100 par, shall receive preferred shares, $1.75 series
Aug. 22 to
The plan
nar
vote on a proposed
onri
nnmmrm
tthft.rpA without
rmr
value on the basis of four
Volume
$1.75 'series, and one-half common share
preferred share.
/ Camille Dreyfus, President, in a letter to the preferred and
shares,
preferred
the latter
for each
tax
existing participating
common
have
that the common shares so
participating preferred shareholders
advised
been
cumulative
7%
preferred sli&re,
"The
into
debt
common
shares.
Upon
and
number
July 31,
Alcohol
Industrial
Canadian
6,235
54,638
(estimat.)
'Loss.
A.
tax
520,223
589,512
share and
til,737
$54,516
fFor
period
from
Jan.
1943,
4,
1943,
June 30,
to
compared with
a
income
$23,125)
of
total
2215,
of
tax
$92,748
or
The
Dec.
inclusive,
for
$34,660
profit for the
for
second
the
renegotiation.—V.
28 to holders of record
Like amounts were paid on March 31 and June 30, this year,
quarter during 1944 and, in addition, the company on
1944 made a special year-end payment of 50 cents.—V. 161,
services
1945
Co. of New York has been appointed transfer
shares of new no-par $3.50 preferred stock.
This
initially offered in exchange for $4.25 preferred stock,
the unexchanged portion was publicly offered.—V. 162, p. 351,
The
Guaranty Trust
for
agent
largely due to sales
accordingly subject to
was
is
and
,
Colgate-Palmolive-Peet Co.—Transfer Agent—
half
the first
19,
125,000
issue
new
quarter of
armed
on July 24 declared an extra dividend of 20 cents per
regular quarterly dividend of 30 cents per share oft the
the
1993.
p.
-;Vi\
material
of
profit of
net
a
Distribution—
each
in
and
(before deducting estimated Federal
profit of $57,785
1944.
/;■
-■
capital stock, no par value, both payable Sept.
'$79,048
$9,347
2784.
p.
and
was
161, p. 1992.'
!?'/
Colonial Airlines, Inc.-r-New Directors—
before
1945
Debenture
depreciation
Provision
and
taxes
for
'$445,249
193,662
,
$251,587
$82,587
Following
securitiesfr-^VA 161,
of
the Commonwealth
Edison group of
companies,
excluding sales to other electric utilities, for the week ended July 21,
1945, showed a 0.9% decrease from the corresponding period last year.
.
past four weeks
the kilowatt-hour output totals ox the
are
percentage comparisons with, last year:
and
2660.
'
,
profit
Net
•Earnings
•Based
^-V.
161.
1,111,916 shares of
combined
1538.
P.
share..——
common
per
on
•
Dec.
.
39,657,000
30,309,000
Gross
Expenses
riy ":'V!V
131.
162. p.
Week Ended July
-Earnings—
[(A.
p.
349.
'
,
Fed.
• and
taxes
_•
Net
167,479,000
1.3
188,162,000
186,326,000
♦1.0
June 3CL.-.
1,426,044
$741,735
$666,565
2,598
'Increase.—V.
;
1944
$6,042,000
1945 '
;;
•
of
Ay
32,000
.
f;- $0.64
•
:
,
141,492
147,758
49,000
25,468 .A-;
164,000
20,500
-
-$1.33
"A;::l
$1.26
,
&
Deprec.
Declares Two 50-Cent
$57,765
i
13,092
$44,673
:
162, p. 350.
•
•
18,928
$32,852
78,551
yA
Divs.
113,568
from
Net
Net
'
f. f 1945
•
from
Gross
.
ry.
Jan.
295,219
58,077
221,831
200,311
928,061
4,532,587
1,202,659
3,904,192
1,062,538
373,043
691,648
632,136
1,234
from
Net
Net ry.
Dividends—
4,120,310
railway.*—
474,005
railway
oper.
,
.
42,969
income
•Deficit.—V. 162, p. 5.
,
.
*>
.
.
.
.
v1
'
Gross
^
.
'
■
•"v"
^Acy y''.
Ay'*;;
'
-
,
•/w■'*
'■
Net
profit
Net
International
Received-from
Harvester
Co
-
Other
Earns,
—V.
per
;
•J
announced
was
certain
on
July
chemicals
by
a
23
y
^yfy
reasons
companies
arrange
in
it
is
always
not
alphabetical
exact
as
possible.-
162,
-
..
2,632,439
.2,160,691
.
'
,235,341
,673,634
819,781
" " "
^
245,979
253,265
12,822,472
13 ,566,516
$1.71
'
been
called for
r
1944
$1,803,485
—1,759,800
taxes*
profits
Net,
1,318,000
448,075
$491,485
$1.46
$308,557
$670,647 •
$2.00,
profit
Earnings
per,
—V.
p.
161,
1943
1945
$2,430,447
6 Months Ended June 30—
-
Net profit before taxes and deprec
Prov. for Federal income and excess
share
common
■
'
$0.95
■,\y'y 'yly*;'7:
1994.-:*y-';o,';;yyy,yJy
Congoleum-kairn,
,
$736,632
Inc.—To Enlarge Plant-
$1.80
;
40,870
$0.31
$0.28
/
.
.2,325,627.
.2,120,301
share.
p; 350.
:
40,390
•
.
com.
,118,334
other,
&
surplus.A
have
(Including; Domestic Subsidiaries)"
;
-
.
I
'
.
redemption on Julv 30.
Construction Co. below.—V. 161, p. 2784.
see Turner
Coniaurum Mines, Ltd.—Earnings—
'
1945, at 102 and
Quarter Ended March
ore
milled—
Net
from
income
and
that
.
for
Provision
the
Note—In
elation.—V.'
161, p.
2,806
Dr2,8U
$72,553
$139,584
15,448
figures no
3.9,632
$61,699
;
write-offs
above
213,665
$142,395
22,084
taxes-A^———;
before
Profit
187,360
$69,747
$77,147
A
w„__A_—A
Total'
31,985
$356,060
182,583
profit yi.*--.-——.
Non-operating revenue —y—.
Operating
process
26,320
$257,107
$55,063
operating costs-_
Development
trustee, 208 So. La Salle St., Chicago, HI.—V. 160, p. 220.
1943
1944
22,475
$237,646
.
produced-
metals
■
>
1945
31—
Tons
interest, $175,000 of- 10-year 3%% sinking fund debentures, due April 1,
1950.
Payment will be made at the City National Bank & Trust Co.,
the first large-scale production
using natural gases as raw mate¬
Chicago & North Western Ry.—New Vice-President—
rial is now being done bv, this corporation at its large new plant near
A. R. Seder has been elected a Vice-President. He is General Auditor
Bishop, Texas, the initial unit of which has just started operations.
of, the company and Comptroller of the Chicago, St. Paul, Minneapolis
.The principal chemicals being
produced—acetic acid, acetic anhy¬
& Omaha Ry. Co.—V. 162, p. 132.
■■■'.;
dride, acetone, methanol and formaldehyde—have been produced from
petroleum raw materials in the past, but the Celanese process is dis- v
7 Chicago North Shore & Milwaukee RR.—Earningstinctively new and results from ten years cf research by chemists and
chemical engineers in the company's organization.*
^
Period Ended May 31—
1945-Month—1944
1945—12 Mos.—1944
'A
second
unit
of
the-chemical plant devoted* exclusively to the
Gross receipts
$839,717 * $828,736
$9,814,565 $9,712,864
manufacture of butadiene, the main ingredient in the making cf Buna-S
Chgs. to way & struc.
103,979
126,944
1,417,549
1,355,237
synthetic rubber, is now about three-fourths completed and is ex¬
Trustees' net earnings--!
162,840
131,231
1,690,738
1,683,669
pected to be in operation shortly.
'
—v. 162, p. 5.
The butadiene unit was authorized by the Office of Rubber Director
and the Rubber Reserve Company to help in the government's syn- .
Christiana Securities Co.—Earningsthetic rubber program
following an, extensive period of successful 1943
1942
1945
1944
operation of a pilot plant at Cumberland, Md.,'for the manufacture of.
6 Mos. Ended Junb 30—
butadiene by a Celanese process.
v
.
"'V
Income—Divs.
received
At
present the
corporation has six other plants.
They include
$7,807,325
$6,242,085
$6,970,226
on
common
stocks—
$7,807,325
yarn-spinning plants at Cumberland, Md., and. Narrows, Va.; weaving
Exps. other than Fed. ; y
mills at Williamsport, Pa., and Staunton, Va.; a plant for the spinning
10,759
34,762
6,694
taxes ————_y_—
13,757
of staple fiber at Burlington, N. C., and a plastics manufacturing plant
470,000
375,000
468,000
'Prov. for Fed. inc. tax
467,000
it
of
.
Conde Nast Publications, Inc.—Earnings—.
-
(The) Chicago Daily News, Inc.—Partial Redemption
statements.—V. 162. a. 349.
There
duction
,1,041,422
in comedy.
funds
to
15,006,648
1,033,425 ' 6,196,625
2,825,826
16,024,386
2,366,497; 13,068,451
3,803,144
2,808,838
appropriations
Balance
of America—Starts
Corp.
;
•
income
Sinking
the renegotiation ;
Large-Scale Pro¬
of Chemicals at New Bishop, Texas, Plant-
■Celanese
petition
a
of the recap¬
last month.
petition for
substantial question
^
excess
taxes_-;_
operating
Net
Corps of ,
for a net.
refund of approximately $600,000. This agreement is subject to final .
approval by the Price Adjustment Board and no provision therefor
in the financial
railway
Net
provisions. An agreement was reached in March, 1945, with
Engineers, U. S. Army, regarding 1943 renegotiation, calling
has been made
&
taxes
profits
1944
1945''
denied
rehearing
However, they are always as- near alphabetical
position
18,562,320 106,306,706 109, 116,288
18,174,169
iftcome
income
Fed.
•
,
294,867,661 193,425,489
*A' 8,106,500 ' 8,506,432
3,600,000 :
——y-
reported above are subject to
earnings
Note—The
30
has
Commission
mechanical
NOTE—-For
possible- to
order.
,
,
Exchange
weekly kilowatt-hour output of, electric energy of subsidiaries ,0f
corporation, adjusted to show general business conditions of terri¬
tory served,;for the week-ended July 19, 1945, amounted to 251,545,543,
as
compared with 246,942,968 for thd corresponding week in 1944, an
increase of 4,602,575, or 1.86% .—V. 162, p. 351.
1
•
12 Months Ended June
»
The
,
•
preferred stock of parent corporation.
considered.-
previously
v
Earnings for
1,707,308
ferred stock,
—
$2,400,000.
'
this
^
of
jl,868,803
Weekly Output—
s-
thereon
on
and
Securities
pany
;
.
11,910,252
970,082
denying the request, the Commission
to present-further evidence was based on no.
not
•1
for exchange to holders of its 6% cumulative pre¬
96.58% having been taken in exchange by
Period End: June 30—
r-1945—Month—1944'
? 1945~^6' Mos.-r-1944
such holders.
For further details see V. 162, p. 350.
''iri
' ■;
v •;
'.a
^ v;
^[
Net sales O------'---- ' 25,428,648:
19,006,492 147,134,961 - 98,216,825
Net
profit
"690,678
655,892 . 4,197,590
3,755,003 >
Chesapeake & Ohio Ry. Co.—June Earnings—
•Received from Internat'l Harvester Co
.—
3,600,000
1945—Month—1944
•' -1945—6 Mos.- -1944
Period End. June 30—
s<.yvv.
'j;; 'y-y-v>.. \ $
♦In
settlement of
patent litigation after estimated income tax '
Sub.)—Earnings—
921,911
income
leave
on
Caterpillar Tractor Co. (&
80,980
Commission
said that the
In
July 20 declared two dividends of 50 cents eacjj, y
one
payable Aug. 10, and the other on Nov. 10, to stockholders of y
Champion Paper & Fibre Co.—Unexchanged Preferred
record July 31 and Oct. 31, respectively;
Distributions of 25 cents
Shares Offered—Goldman, Sachs & Co. headed an un¬
each were made on Feb. 10 and May .10,j this, year.? In recent, years,
it .has been the custom of the company, to pay four quarterly dividends
derwriting group that offered July 24 at $105 per share
of 25 cents each, with a 50-cent extra at the year-end,. V'A'-; A-:;y%:
and accrued dividends, 3,417 shares of $4.50 cumulative
The company announced that because of the consistent earnings s
record, its capital stock will' be put on aq annual dividend basis of y preferred stock. These shares represent the unexchanged
$1-50 per share.—V. 161, p. 1766.
;
,
. <
i
,
portion of 100,000 shares that were offered by the com¬
The directors
11,430,323
63,071
10,705,537
1,232,063
a
group of common stockholders for a
italization plan which was approved by the
i
1—
-
from
Gross
16,216,148
928,254
of
from
270,815
4,380,459
-
15,246,400
.
Group Denied Rehearing—
The
$723,837
$907,683
''
income—
oper.
1944
141;204
95,492
1,327,730-
872,736
stock
* Before dividends
-
1942
1943
$734,346
$676,326
railway-
railway
From
acquired Jan., 1, ;
Earnings
:
41,222,583
1,192,838
3,098,727
deductions
•Net
-
39,094,252
4,801,792
pfd.
on
Other
■
Central Vermont Ry.
58,710,803
3,258,874
2,199,295
5,331y593
subsidiaries
$244,747
$277,290
24,886,596
50,666,782
1,987,603
Interest;^.v
divi- ;i
stock
83,469,093
24,979,089
amortization
fortaxesij,^.
—
income
Gross
$358,315
$51,780 V $355,841
97,060,695
6,577,268
&
J'.
16,837,229- 211,800,819 208,289,075
'7,414,684
expenses
Provision;
198,000
exp.^
requirements-^-
June—;■
■
...
..
1945—12 Mos.—1944
1945—Month—1944
17^832,608
revenue
Operating
:
v
$0.63
245.
p.
Period End. June 30—
Gross
amortiz.
disc.
Balance
—V.
Gibbs Steel Co, of Milwaukee,
♦Includes earnings of
162,
$670,073
r
$97,748
22.913
;
%
Commonwealth & Southern Corp, (& Subs.)—Earnings
3,508
$744,333
-563
$112,678
income
dend
1945—3 Mos.—1944 ' 1945—6 Mos.—1944 ,
V^-VA-V ;V
«'$153,506
$151,695
*$318,832
$301,795 '
share
com.
shares-;
1945.-
1,446,174
*786,
income—
on
Preferred
■
per
240,000
debt
of
M.) Castle & Co.—Earnings—
.Earnings
252,069
$97,185
.
taxes
Acceleration
"
*
Period End. June 30—
Net profit after charges.
;1
1
"
$6,553,000
5.
;
:
yy
14—
earnings
162,
2.3
'
Canadian Pacific Railway
—V.
243,072
income—net-
Deductions
•j-;.;;
Traffic
187,279,000
$2,092,609
$111,892
A
income
income
Gross
40,983,000
39,398,000
8,435,000
9,348.000
0.9
183,032,000
i'
.
v
jj,
$2,187,909
expenses
operating
Non-oper.
>
S
37,389,000 213,869,000 213,579,000
28,954,000 174,471,000 172,596,000
.
—V.
1945—6 Mos.—1944
1945—Month—1944
185,662,000
165,314,000
$349,254
$354,964
revenues
Total operating
Net
184,034,000
July
1945—6 Mos.--1944
1945—Month—1944
Period Ended June 30—
.Operating
.
1944
Week Ended—
Central Vermont Public Service Corp.—Earnings-
Ry.—Earnings-
Period Ended June 30—
A
$425,235
:
■
Canadian National
!fJet profit
$385,979
$0.38
$0*35
class A and class B stocks.
$413,571
$0,46
-
1945
July 21
Income
p.
elected
been
have
Jr.;
245.
p.
Electricity output of
55,000
disposition
from
Boyle,
Commonwealth Edison Co.—Weekly Output-
206,480
.
contingencies
$71,742i esulting
•Includes
M.
1944
Net profit
,
v;> :
590,930
'
interest
162,
William
and
O.' Hoffmann
directors.—V.
$573,010
228,943
6 Months Ended March 31—: :
Profit
v;
Carl
:
Central Realty & Utilities Corp.—Earnings—
:
$362,970
60,420,466
$364,034
62,974,943
$59,611
10,137,122
The directors
:
Cr8,560
quarter—
by the War Labor Board.
The profit for the first half of 1945 was $260,198 (before deducting
estimated Federal income tax of $123,491) or a net profit of $136,707,
$976,909
$1,014,747
161,
——
Climax Molybdenum Co.—Extra
68,850
1945—6 Mos.—1944
1945—Month—1944
$60,053
10,353,417
surplus-,
39,479
19,373
ordered
as
'-dmoMk
$933,794
—V,.
270
243
145
19,575 "V.
20,336
to
passengers
Sept. 14.
Subs.)—
1945
Ended May 31—
;1
bef. inc. & exc. prof, tax
and excess profits taxes—
9 Months
'-.A.'"
5,038
———
725
636
546
1,333
Net profit
Earnings—
Net profit
tax
common
total, $52,082,779.—V.
Cincinnati Street Ry.—Earnings—
Balance
Rev.
■
1945,
2,
cumulative non-voting preferred stock
stock (par $100), $15,000,000; surplus,
161, p. 1312.
7/#
$956,730;
taxes),
Period End. June 30—
Depreciation
(&
Ltd.
Co.,
10,166
Wage adjustment
announced on July 23.-—V. 162, p. 349.
it was
8,562
;
first
for
has made a cash offer of $506,215 for the business
undertakings of Barker's Bakeries,■.Ltd.*.--to be acted upon by
Barker company's stockholders at a special general meeting on
and
7,873
disct.
debt
Adjust, of Fed. inc.
The corporation
the
5,878
..
expense
inc.
Fed.
Expansion—
Products, Ltd.—Plans
of
Depreciation
v
Canadian Food
$203,679
—_
Other interest
will for the pur¬
the arrangement becoming effective,
additional common shares outstanding and the
of authorized common shares will be 750,000."—V. 161, p.
1942
•$38,498
1944
*
_
50,000
—
Amortiz.
will not be changed
there
shares of the company
present
new
be
will
profits
Interest
at $10.28 per share, resulting in taxable
for each 7%
cumulative participating
of taxation be valued
income
equivalent to $5.14
1943
$43,722
1945
profit from oper,—
on
long term
July
reserve
1945,
30,
$20,831,461;
$141,739
End. June 30—
3 Mos
Net
shares),
7,460
payable
stock,
for Federal capital stock tax for the year ended
$32,088; Federal income tax (no liability for excess
$262,500;
June
(& Subs.)—Earnings-
subsidiary,
(wholly-owned
preferred
on
(par $100). $15,000,000;
National'Rev¬
be imposed as
effective and
to be received by the
poses
Liabilities—Dividend
because
Central Foundry Co.
,
Dreyfus further announced:
company has taken up with the Department of
enue of Canada the question of what tax, if any,
would
a
result, of the compromise or arrangement becoming
$846,106;
its railway operating income has been considerably
mile of Pennsylvania track than per mile of New Jersey
track.—V. 160, p. 219.
•' : ,
the holders of the 1% cumu¬
be compensated for, said Dr.
Dreyfus' letter, by the issuance of common shares as described above.
At; the same time, he added, the preferred shares would be subdivided
so
as
to broaden their marketability,
an« they would be issuable
in series to fit the requirements of any new financing at the time
it is to be accomplished.
"Vy.
The new preferred shares will carry fixed cumulative dividends of
$1.75 per annum and they will be subject to redemption at $40 per
share, or an aggregate of $160 with respect
to each present 7%
cumulative participating preferred share.'
...
y;V' '■
"The
News-Journal Co.
total, $52,082,779.
$903,592;
is considered a "system" and must pay a franchise
operating income.
.
*
company claims the tax perpetrates a gross in¬
higher .per
pany's business.
•The present participation rights of
lative participating
preferred would
Mr.
railway
Pennsylvania
equity,
management adopted the proposed plan
of-adjustment in order to facilitate the provision of new capital which,
it is anticipated, will be required for post-war expansion of the com¬
stated that the
shareholders,
company
net
on
The
453
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4407
162
$52,921
allowance has been
made
765.'
!ls 55,9.69
$83,614
„
xre-
fojr d
,
'
.
.
;
,,
Newark,
N.
.Construction
so.on
to
get
J.
of
a
new
under way,
it
plant at Bridgewater, Va., is
also announced,-V. 361, p. 2553.
warp-knitting
was
Central Railroad Co. of Pa.-^-Eiles
a
move
designed
to
reduce
taxes
Application—.
payable
to
the
State
of
;
aqd lease of railroad
Pennsylvania from the trustees of
the Central Railroad
Co. vt New
Jersey.
In connection therewith,
it* also seeks permission to issue 22,500 shares of $100 par capital
stack." *
'
'u V" ■
'
• ' ■
\
•
■
/.
The
Pfd.
income
—V.
of the New Jersey
company^
.
$5,832,323
$6,489,467
525,000
525,000
525,000
6,600,000
5,100,000
5,850,000
$7,332,631,
Net
Earns,
Oper.
Prov.
increase
per
Under New Jersey law; i
surp.
$201,568
$207,631
$207,323
"$45.35
$45.38
$35.58
$39.76
Federal
and maint.
depreciation—
contingencies
1,847,388
inc.
and
Balance
Sheet,
June -30,
"
1915
.
|
;
.$1.87
Earnings-^,
153,754
$3,090,003
1,712,380
•
211,292
^
excess
525,574
57,023
1,186,675
853,761
118,322
1119,436
-
185,081
381,974
363,819
•
$425,389
174,149
$398,654
$541,177
A $403,466
160,295
339,956
$599,538
$558,949
$881,132
$776,327
134,267
213,912
$746,865-
$562,4j15
taxes——
profits
Other
595,341
taxes—
68,824
Federal
and
local taxes—
'Net* oper.
Total
$516,169y U.-S. Treasury* notes-^tsix series "C": (at
investments in common stocks: E. I. du Pont de Nemour's & Co. > (3,049,800 shares),
S44.659.257; v General Motors Corp.
(85,000- shares), $4,187,654;-'Wilmington
Trust Co, <7,210 shares),'Assets—Cash,
.cost), $970,000;
$3,285,147
'
$114,467
share-
in
com.
for
Net
income(net)-
other inc.
Gross
Total
income
income; deducts—
income
—V. 161,
'
1945—12 MoSv—1944
$6,500,607 $6,134,340
3,663.892
3,478,428
358,568
- 415,330
250,000
,' 500,000
1944
1945—6 Mos.—1944
i
revenue—
exps.
for
V
$228;S20
$1.48
Connecticut Railway & Lighting Co.
Period End. June 30—
•
r*No liability "for excess profits taxes.
w.l-
1944
r
1733.
160, p.
Operating
1945
$179,601
j
after charges and taxes—
Earnings per share on 120,916 shares
State
properties in
Pennsylvania company explained that its capital stock is owned >
the trustees
$7,326,568
stock dividends-.;525,000
stock dividends—,
6,600,000
Net
•
New
Jersey under that. State's 1941
tax law;* this company has applied
to' the Interstate Commerce Commission for approval of its acquisition "
by
Months Ended April 30—
Net profit
Prov.
Com.
In
6
-
,
-
at
f
Commercial Shearing & Stamping Co. —Earnings- T
p.
1994.
•v
{
194,452
82,382
$517,156
-
;
69,348
$489,600
.
..
,
372,861 "
THE COMMERCIAL &
454
company
on
(electricity
Corp.—Earnings
Ended June 30—
Six Months
Selling,
lilt
Int.
15-year
on
on
15-year
and
discount
Bond
etc
assets,
245,433
$102,339
27,529
28,432
2,668
2,836
3,271
of
Net loss
Other
2,367
Fed.
~—
$140,131
0tosureT«yeaiUesaie!l
V.
11,670,122
Bdettcher
and
Chanute/ Lough-
profits
excess
net
tax,
266,416
Kebbon,
McCormick .,&
share—
common
$0.37
$0.38
3%
3%
.
3%
!
.
1943
1944
V
1942
dis¬
less
etc—
$6,579,426 $14,758,649 $12,802,644 $11,430,62?
**
9,391,143
8,369,883
7,336,15S
$5,367,506
$4,432,760
$4,094,472
:
117,994
272,564
Total ._._.**$2,493,591
$5,640,070
of
$0.67
Stock Approved—
4,203,829
products sold—
-4
<
station—
radio
:
Selling,
adm.
and
; v;/'«
gen.
56,464
46,811
60,925
$837,294
24,508
$1,656,019
•
52,736
$1,261,421
38,442
$1,148,073
30,394
$861,802
" $1,708,756
44,836
$1,299,863
•
4,702
$1,178,463
2,656
i.
$859,146
$1,663,919
(est.)
626,700
1,178,000
$1,295,160
856,500
$1,164,640
667,500
$485,919
$438,660
; $497,140
ihcome^Aw—i;
Other
Total
Other
shot in the new Decoware merchandising campaign is a
"Date with Decoware," which is now being distributed to
approximately ten thousand hardware, chain, house furnishing, and
department*store buyers by the company's Decoware Division.
The
eight-page illustrated booklet tells what retailers can expect in the
way of decorated metal ware for the homes of tomorrow.
Also emphasized is the fact that Decoware is-now a wholly separate
division of Continental Can Co.—V. 162, p. 7.
'
r'-r,-'y
3,308,260
3,054,178
3,927,587
profit—**'/*.
Gross
opening
:
168,705
$4,2,63,177
30,500
for doubtful accts.
Prov.
183,732
$4,616,493
;
1,625,796
exp.
preferred
Continental Can Co., Inc.—Issues Brochure—
22.678,778 22,082,323
Statement
■.
Gross income from oper.
$1,688,812
V;
Of
Cost
stockholders
8%
4%'
Years Ended Nov. 30-
Apr. 30, '45
sales,
Lin-,/:-:'./
$2,375,596
$1,414,395
,
Income
5 Mos. End.
counts,
7%
Co.—
'__**
2,366,936
*,
$1,368,665
per
7'%7%.
Co.
Lerchen &
Neb
Baum, Bernheimer' Co.?*** £
Beecroft, Cole & Co—
-Burke & MacDonald
?_
Prescott, Wright, Snider Co.
•
*
Consolidated
$4,317,194
261,446
1,337,695
coin,
7%
Co.——-,
ridge & Co—
162, p. 352.
$12,921,727 $25,683,468 $24,196,971
11.691,883
The First Trust Co. of
on July 24 approved a
plan for reclassification of
stock into a $o.50 dividend no par value preferred
stock on the basis of 1 1/20 shares of the $5.50 preferred for each
share of the 8% preferred, plus a cash payment of $7.50 per share.—
1,453,539
745,933
751,483
—
—$12,859,268
Watling,
Harris, Hall & Co. (Inc.)—11%
147,796
$3,018,506
...; ■.;
Kidder, Peabody & Co.——, 20%.
'
Gross
234,278
1,319,727
income
The
the
.
operating sources
$2,922,670
__
Reclassification of 8% Preferred
Consolidation Coal Co., Inc. (& Subs.)
Earnings
30—
1945—3
19^~6
♦gales of coal
$12,107,785 $12,175,794 $24,229,919 $22,797,052
Gross
inc. from other
•< 45-} 549
1 399 §18
Period End. June
Total
&
Earnings
245.
p.
„*__
etc.
inc.
Net
——~-
162,
income
and
■ /
Mich.,
Stern Brothers & Co.—25%
s
;
36,163
Detroit,
Mo.,
...
non
23,973
income
Interest,
n
nr\n
nnn
City,
Kansas
names of the principal underwriters and the
percentage of the aggregate underwriting
commitment, which each
has severally agreed to purohase,. are as follows;
/
:
n
Total
$80,957
-V.
'
4,157
1,578
North
at
Tex.
__**_***——
------
—
less profit on sale
of . dwellings,
Operating
fixed
expense
respectively
Uhderwriters—The
26Wks.End. 27Wks. End. 26Wks. End.
V
"
June 30, '45
July 1, *44 June 26, '43
Net sales
$49,000,682 " $49,869,555 $44,978,140
h/io
A 1
ono
4,169,398
2,982,343
Oper, profit after deprec., etc.____
2,898,697
:
Period—
$45,912
and other deductions—
1st mtge. 6% cum. inc. bonds*
6% cum. income notes-,
located
Bosworth,
226,212
before int.
loss
Kansas
Houston,
,
Subs.)—Earnings—
Continental Baking Co. (&
periods, etc. (less
applicable to non-operating
misc.
income) ——_—
'
,
750,598
goods sold,
Cost of
Net
$893,693
$907,441
727,142
discounts and allowances--—
incl. freight on shipmentsgeneral and admin, exps., incl. expense
less
sales
Gross
1944
1945
';!
"•>
payable—trade, $789,201; accrued liabilities,
$573,049; reserve for Federal income taxes, $579,082; 10-year 3% sink¬
ing fund debentures, sinking fund retirement due within one year,
$200,000; 10-year 3% sinking fund debentures, due" JJay 15,1949, $600,000; reserve for operating and compensation insurance, $461,794; re¬
serve
for contingencies, $650,000; common stock (200,648 shares hd
par), $5,279,300; initial and capital surplus, $1,632,598; earned surplus;
$4,942,104; cost of 87 shares of common stQ,ck held in treasury, Dr$3,~
057; total, $15,704,069.—V. 161, p. 1877,
8.1%.—v. 162, p. 351.',"*'
Consolidated Cement
industrial products has been used for war purposes.
The
City plant has been successively given a total of five
Army-Navy "E" awards for excellence of production.
j
The
manufacturing operations are carried on in its three plants
North
Llabiliities—Accounts
kwh,
portion of the com*
A substantial
and the like,
house paint,
W."
pany's
for
intangible assets—patents, $1;
$7,217,938;
,
$32,273.; total, $15,704,069'.
deferred charges,
with
a
of
$9,260,858),
depreciation,
July 25 announced that System output of elec¬
generated and purchased) for the
22, 1945, amounted to 167,100,000 kwh„ compared with 159.2°0>OhO
for the corresponding week of 1944, an increase of 4.9%.
Local dis¬
tribution of electricity amounted to 166,20a,000 kwh
compaied
153,700,000 kwh. for the corresponding week of last year, an mcr
The
O.
$191,280), $945,340; inven¬
$41,066; fixed assets (after reserve
$4,382,381; other assets,
tories,
Monday, July 30, 19455
FINANCIAL CHRONICLE
accounts and discounts,
doubtful
for
serve
Inc.—Output—-
York,
Consolidated Edison Co. of New
tricity
:j *■
■ ft-- '<* ■ -
fltll§§||||§§|||||§|§^
income
deductions
1
13,827
brochure,
$1,215,620
income
Total
Net income
66^58
170,237
Ss.839384:312
848!577
$1.35
$u.o4
$0.61
Copperweld Steel Co.—Earnings—
%
<
6 Mos. End. June 30—
♦Net
Earnings
;
to Pittsburgh—
company, including
the general offices of this
corporate,
treasury, accounting
Coal Co.,
Pittsburgh
and
of
income taxes
State
.
deduction
1941
of
profits
excess
Revenue Act
tax,
profits
excess
of
$1.06
etc.,
carryback
of
below.—V. 162, pp. 132 and
7.
'
excess
taxes
tax recoverable from 1941 because
profits tax credit. No provision for
required in 1944.—V. 161, p. 2330. ,:%#■;
Period End. June 30—
Gross
revenue
Operating
.—
expenses
amortization
&
Deprec.
taxes
for
Provision
income
Gross
__
Net income
285,427
_
$273,346
$3,694,559
effectuate an annual
$4,216,824
derived
thus
funds
the
and
each
1st mortgage bonds and 191,924
The company does not intend
to retire its 547,788 shares of $4.50 preferred stock.
The bonds will
toe redeemed as follows: $18,925,000 of Vk% series of 1935 at 103y2%;
the $56 153,000 of 3V2%
series of 1936 at 106y2%;~the $21,832,000
of 3y«%
series of 1936 at 105y4%, and the $17,915,000 of 3'/4%
series of 1939 at 108% .—V. 161, p. 2784.
'■
plans 'to retire $113,825,000 of
5 dividend preferred stock.
Continental Steel Corp.
Operating
1943
$5,640,123
5,369,664
105,936
5,200,391
113,028
$278,295
$321,203
18,355
52,229
$296,660
$373,432
of
tlement
7,064
8,633
*****
196,000
113,500
10,653
*146,600
$208,673
$167,574
$216,179
17,288
31,054
Net profit
Preferred dividends
***».
dividends
Common
50,140
50,140
50,140
$117,434
$148,751
$153,216
$1.04
—.*
$0.83
'$0.99
$1.02
share__
Earns, per com.
50,140
12,358
♦226,860
$158,533
_**_
Surplus
.
■
Twelve Months Ended June 30
agers
633,389
674.928
1,336,112
part
depreciation-.
246,776
226,323
459,647
$541,831
35,316
$956,472
58,541
$577,147
$1,015,014
Total income
Int.
18,052
30,610
on
property.
1,537
7,216
2,058
6,587
&
profits tax____,
excess
315,000
228,500
436,500
357.900
of
Fed.
Net
$360,565
$1.79
profit
share..
Assets—Cash
ernment
in
banks
securities—at
and
cost,
on
hand,
$997,480;
$545,846
$323,380
$1.61
Consolidated Balance Sheet,
$2.72
in
income
Gross
Interest
subsidiaries In
to
foreign
&
$2,087,589<
.
$149,371
46,667
$2,106,341
560,000
60,220
.
1,747
$117,753
6,320
$100,957
28,634
$1,486,121
48,920
$1,298,437'
$129,591
to preferred stocks
—
$1,535,041
$1,567,090
493,015
507,386
$173,996
407
—
surplus res.
applicable
2658.
•
$124,073
Deere
&
stock
(no
par).,
Authorized
100,000 shs.
50,000 shs.
300,000 shs.
Co.—Listing of Debentures—
-
is engaged principally in
'
'
-
York Stock
New
Subs.)—Earnings—
Ending June 30—r
1945
from utility operations--^.*—$82,097,541
'
1944
$93,439,423
—<:—67,202,038
64,558,50?
564,000
12,135,000
(&
Detroit Edison Co.
earnings
Gross
Utility expenses
Normal tax and
profits
Excess
Balance,
Other
—————-
surtax-,———~3,525,000
tax—
income from
miscellaneous
—.—~——~—-
.
Gross
$10,806,503 $13,181,916
253,605
151,^64
utility operations
corporate income—*———-—r—'
Total interest
Net
income
Cook in Kansas City, Mo.,
On
the manufacture'and
-
May
—
-
22, 1945,
3,564,000
income*—,
50,000 shs.
and
Company
268,653
-
Exchange has authorized the listing of $29/«
500,000 20-year 2%% debentures, due April 1, 1965, all of which ara
now outstanding.—V. 161,
p. 2555,
!
Outstanding
218,774 shs.
$1,859,717
560,000
1,280
rs-i'
p.
...
sale
of
paints,, varnishes, enamels, lacquers, synthetic
resins, synthetic
resin
solutions,
polishes, - waxes, and other protective coatings and
fipis.iing materials, which are marketed under distinctive Cook Company names
and brands such as "Cooks Rapidry Enamel," "Cook's
Scuff Proof Floor Enamel," "Coroc" wall finish, "Cook's Superwrhite
1913.
$174,403
'46,667
9,983
-
•
—
Dividends
161,
$1,851,035
8,682
-
Balance
—v.
75,561
904,681
'/v-W— ly
75,524
$2,096,386
9,955
bds.
deducs—
income
Net
Transfer fr.
/ 928,356
377,805
604,110
1,023,584
81,439
86,545
$148,501
870
mortg.
on
int.
Other
The
and trained and materials
merchandise stocks,
Some
to establish these
now be definitely
business originally established by Charles R,
$751,651
$3.75
United States Gov¬
receivable (after re-
but
and
Business—Company was incorporated for a perpetual
term under the laws of Delaware, May 27, 1927, and succeeded to the
History
June 30, 1915
accounts
hired
stores
competent man¬
funds will be used
what amounts cannot
preference stock ($60 par)____„
A, $3 dividend rate____^___,2
Common
inc.
in
Earns, per com.
outlets,
be
can
wholesale
secured,
be
establish* satisfactory
mentioned
Series
sales or disman¬
for
to
can
,
Prior
36,889
>
exp.__
payable
taxes
'12 Months
&
14,912
tlement
Prov.
$692,014
debt
of deb.
amort,
Loss
I
funded
on
-
personnel
above
and
retail
capitalization as of April 30, 1945, as adjusted
to give effect to the amendment adopted June 20,
1945, authorizing
100,000 shares of prior preference stock, and to the issuance of. the
series
A prior preference
stock and the proposed redemption of all
the unexchanged shares of series A preferred stock, is as follows:
$1,203,007
-
locations
Capitalization—The
$1,090,196
312,810
income
store
the
additional
desirable
available
of
determined.
461,962
$663,103
28,911
Other
-
may
opening
when
additional
1,217,905
Profit from operations
for
countries,
$3,613?
payable
July 2, 1945, $65,769; reserve for Federal and State taxes, $86,112?
reserves
for'
contingencies
and
post-war ' adjustments,
$650,000;
$1 cumulative participating class A stock
(187,913 shares, no par);
$1,193,497; $1 non-cumulative class B stock (200,000 shares, no par)?,
$1,014,850; paid-in surplus, $254,283; discount on class A stock retired,
$21,084;. earned surplus, $432,316; total, $3,801,219.—V. 161, p. 2785/
pre-"?
stock.
,
Xiabilities—Accounts
shares
A
.
in
$51,295; accourit payable to Crown; Cork & Seal Co., Inc.,
other accounts payable and sundry accruals, $28,400; dividend
dividends..
Registrar,
Other
and
become
Period End. June 30—
1945—6 Mos.—1944
1945—12 Mos—1944
Net'.sales-—$12,188,632 $11,132,263 $23,530,435 $22,353,916
Cost' hf sales
10,603,824
9,730,721 20,778,203
19,583,853
Adminis., selling & gen.
Prov,
$3,801,219.
incl. Sept. 1, 1954, and at $65 per share
for the sinking fund at any
Redeemable
thereafter.
to
branches
expenses
1945,
as a
days' notice, at $67.50 per share
and including Sept. 1, 1950, at 50 cents per share less
stockholders
contemplates
♦Includes excess profits tax,
Consolidated Earnings for Six and
(2) No provision made
June 30, 1945
Balance Sheet,
U. S. bahks, $449,419; U. S. Govern¬
ment securities at cost and
accrued interest, $604,283; advances t»
-Crown Cork & *Seal Co., Inc., in connection with its accounts with,
certain foreign subsidiaries of Crown Cork International Corp., $80,006?
sundry amounts receivable, $12,784; deposit in blocked franc account
in Paris
(Fr. Fes, 450,000), $9,000; investments in and amounts re¬
ceivable from subsidiaries in foreign countries at amounts stated on
the books (which amounts do not purport to represent realizable or
current value)/ $2,645,732; office furniture and equipment, $1; total,
Purpose—The- amount of the proceeds received by the company in
on
the number of shares of the issue which are
in exchange for preferred stock.
Estimated proceeds, including
preferred stock received in exchange, if any, after deducting esti¬
mated expenses,
are a
maximum of $3,147,875 and a minimum of *
$3,095,375; and estimated net cash proceeds, after estimated expenses,
and
after
applying out of the cash proceeds such amount as is
required to redeem, on Sept; 1, 1945," at $65 per share (and divi¬
dends), any and all shares of preferred stock as may not have been
acquired by the company pursuant to its exchange and subscription /
offer, are a maximum of $900,329 and a minimum of $847,829, which
will be added initially to the general funds of the company.
Company
$234,410
taxes
Federal
A
deposits
Assets—Demand
issued
—
>
class
on
Consolidated
,
cash, will-depend
2,002
stock—
$97,124
38,324
Since Dec. 31, 1939, because of the indeterminable effect
the company has Jiot consolidated the financial statements
the war,
subscribe, at the public offering price and accrued divi¬
Depreciation —dends, for the purchase of any part of said 35,000 shares of series A
Prop, retiiv res. approp.
prior preference stock which shall not be required to be issued in
exchange for shares of series A preferred stock.
,V
„/■ ;/-%
;
Net operating revs—
.The exchange and subscription offer expired at 4. p.m.
(CWT) on
Other income
July 26.
;;y
S/-.
$473,628
properties
Interest, etc.
1945, and payable Sept. 1,
1,
Exchange and Subscription Offer—Company is offering 35,000
the series A prior preference stock to holders of its series
stock in exchange for such series A prior preference
privilege
•
6,953
—.
$124,694
95,811
———
$5,835,695
saleor disman¬
on
16,764
$166,836
122,142
income
..
10,013
$413,739 :;
income
Total
33,289'
exchange'all'or any part of such shares for
the same whole number of shares of the series A prior preference '
stock, plus; for each share of series A preferred- stock so surrendered
in. exchange, an amount in cash equal to the difference, if any/ between
Dallas Power & Light Co.—Earnings—
1
the initial public offering price of series A prior preference stock and
}- Period End, May 31—
1945—Month—1944 /■■■ 1945—5 Mos.—1944 •
the redemption price of sejies A preferred stock,-together with appro¬
Operating revenues —
$788,179
$738,780 $9,664,479; „ $8,682,764
priate adjustment with respect to accrued dividends on both classes of ~
Operating expenses —331,079
311,813
3,770,067
3,611,332
Said stock..
■i".
-:*../>//. ■■
Federal taxes
121,035
121,466
1,869,761
1,310,131
The holders of the series A preferred stock are further offered the ,
$463,614
16,594
June
30
upon
Such
5,242,009
130,072
$397,145
profit—*
taxes-'--
fo4 Federal ; excess profits tax.
Redeemable at option; of -company,
ferred
1942
1944
$5,753,895
income
Other
Loss
of
(& Subs.)—Earnings—
1945
Net sales—— $6,204,876
Costs and expenses-—
5,683,445
Depreciation
124,286
30—
and;;i/;/'%;?;}/,/;%;■
tax'and.;.surtax,
declared
26,575
28,112
other expenses
■■
—
$114,964
17,840
$168,033
$228,236
and
.
Notes—(1)
of
Co.—Preferred Stock Offered—
the offer- \
days' notice at $65 per share and accrued
Transfer agent, First National Bank,
Kansas City, Mo.
Union National Bank in Kansas City, Mo.
,
,
time
additional $12,000,000 Con¬
an
Divs.
$1,017,209,
at any time upon 30
thereafter to and
year
dividends
and
from
thereafter.
in part,
or
and dividends to
of
3 Mos. End. June
cumulative
quarterly
whole
program of financing.
v-V .',;
the proposed transactions, the com¬
pany Will sell $113,825,000 of 30-year bonds bearing interest at not
to exceed 2%%
annually and will borrow $15,000,000 from banks on
Installment notes bearing interest of not more thah 214%.
With
Net
made in our issue of July 23 of
was
Dividends
arid
proposal to undertake a general
If the Commission authorizes
sumers
3,110
$298,008
$0.49
preference stock, Series A
(par $60) at $65 per share by Stern Brothers & Co., Kidder, Peabody & Co., and Harris, Hall & Co. (Inc.), sub¬
ject to prior sale or exchange of 35,000 shares.
$1,639,451 in interest and
a subsidiary of the
filed with the SEC a
saving of about
$279,892
$0.46
ing bf 50,000 shares of prior
3,424,819
preferred stock dividend payments/ company,
Commonwealth and Southern Corp., on July 25
shares
$164,923
3,410
#bf its subsidiaries located in foreign countries.
$7,641,643
;
,
1943
$114,964
1944
1945
$224,826
jSnded June 30—
real, in U. S. dollars
Fed;income?:
as compared with $1,011,907, equal to $1.68
1944.2-V. 161, p. 1994.
,
Cook Paint & Varnish
Mention
Filed—
Financing Plan
To
285,427
$321,332
stock—
pfd.
on
Balance
$7,119,377
3,424,818
$558,773-
$606,758
(Including wholly-owned domestic subsidiary)
Salaries
1945—6 Mos.—1944
profit for the 12 months ended June 30, 1945, was
nei
share in
per
*$>.;
—
*
——
The
$98,985
$0.16
$0.15
Corp.—Earnings—
'
other Federal and State
$91,748
par),
Balance
1945—3 Mcs.—1944
,
$1,197,738;
income
on
no
& prof.
equal to $1.69 per share,
$949,814 $11,713,664 $12,385,226
4,594,287
4,743,583
391,041
$967,749
360,991
.lA
other deducts.—
•Int. •&
Divs.
1945—12 Mos.—1944
1945—Month-—1944
$5,177,224 $4,806,684 $58,338,200 $59,593,012
2,039,286
1,877,860 29,176,023 23,147,481
7,789,616
8,356,280
566,803
822,090
9,658,898
15,704,025
1,603,386
1,156,920
30—
"
6 Mos.
Net
profit
after
all
.charges and taxes
Earnings per share
taxes
shares,
Other Income
Divs.
'
Period End. June
(34,577%
Crown Cork International
of Wheat Corp.—Earnings—
Cream
State
and
-
unused
deposit and on hand, $909,750; accounts
inventories, $2,984,446; investments and other
assets (net), $1,681,939; trademarks, formulae/
charges, $116,141; total, $7,731,318.
accrued liabilities, $53,133f
(net), $1,070,676; $4 preferred!
$1,970,925; common stock (218,774
shares, no pari, Sl.516,038; capital surplus; $218,483; earned surplus/
$1,704,325; total, $7,731,318.—V. 162, p. 352.
$225,700 for Federal and State income taxes
net credit of $115,091 for estimated recovery
in accordance with the provisions of the
State income
175,010
fixed
deferred
$1;
stock
$254,014 and Federal
§Includes $248,460 excess profits
of
Federal and
138,303
175,019
Liabilities—Accounts payable,
Federal
taxes
1942.
138,308
175,019
demand
on
$401,070;
assets,
514,864
$0.85
amounted to
138,308
43,755
$1,637,971;
receivable,
Federal and State income
profits taxes in 1945 (1944 none), 1943 and 1942.
excess
■
Consolidated Balance Sheets, April 30$ 1945
514,864
$0.49
$0.84
,
-
<
34,578
dividends—.
dividends
Assets—Cash
1942
$597,868
1943
f$485,777
.
$232,446
-
'
profits tax, $62,634.
$Afte?
_
were
Co.—Earnings-
Power
Consumers
profit—
Preferred
Approved—
Merger Plan
See
and
excess
and general^ sales
moved to Pittsburgh, Pa.,
Pittsburgh 19, Pa.
coi0/',
The
Chairman
of the board of directors, eastern district sales
department, export sales department, office of combustion _ engineer,
and manager of insurance department, will remain for the time being
at
their
present address, 30 Rockefeller Plaza, New York City.
executive,
departments, located in New York City,
and located at 2000 Koppers Building,
Net
charges, including depreciation,
tFederal and
1945,
26,
July
On
the
share
per
♦After all
'
•
stock.J
common
taxes,
Moves Offices
income
on
1
1945
1944
t$475,959 / §$298,060
514,864
514,864
,
earnings
Shares
^
purchased.
produced and
income
Taxes
Common
$954,545
69,294
$138
54,546
57
;
share—
com.
♦Including coal
485, 8
126,8,1
'<34.376
$962,094
$576,623
$455,810
*_
Preferred dividends
per
te!S
' 87,349
for
'ZStflTuSS
Earns,
$1,294,926
33*S
SrSaSc'n C"C,i
SSpfetion
Pre/
$2,114,648
87,208
$2,900,096 %2,201,856
$1,167,384 $1,251,605 $2,804 689
j 48,234
43,320
35,407
Earns. Irora oper
Other income
Profit before taxes on
-
$11,060,109 $13,333,280
4,818,236
4,816,806
$6,241,872 $8,516,474
ordered that $10,450,000
;—
the Michigan Commission
of distribution) be refunded to- electric customers for 1944
in this respect, after review, its order of August 4, 1944);
ordered that during 1945 1/12 of $10,450,000 be charge^
to revenues monthly to create a fund available for possible refunds to
customers for 1945; and further ordered that the company discontinue
(less costs
(affirming
and further
Volume 162;
suspended by the court pending final decision;
regular charges to operating expenses for
- order,
pending' final determination,
$10,450,000 was impounded during the last quarter of' 1944.
Com¬
mencing June 15, 1945, 20% of cash receipts, from electric revenues
(not' to exceed $10,450,000) during the remainder of the year is to be
impounded and electric revenues and" provision for excess profits, taxes
will- be reduced accordingly.
The- above figures for 12 months ending
June 30, 1945 reflect a reduction in electric revenues of $11,402,006
'($10,450,000 impounded for 1944 and $$52,006 fof *1945) and a con¬
sequent ^ reduction of $9,748,960 in estimated Federal exceSs profits tax?.
items,.Under ; court*
,
End.' June" 30—*
Net "profit after'charges'
and
"Earns,
245.
p.
For
& gas
power
Maintenance
Frovis.
—-u,
depreciation
for
Federal
income
taxes__
,
profits taxes
Fed. excess
Other
Btate
and
pott-war
less
'
y.
132,646
$2,089,052
6,474
39,730
$1,079,478
279,989
$1,080,536
$2,128,782"
—_
$799,489
$777,228
—1
80,000
80,000
common
$719,48$
shares.
1,162,600
$697,228
1,162,600
(net) — /,//
income.1
Gross'
V
334,865-
$1,074,062
revenues
income
deductions
Total income
;
24,60?
.;
303,308
10,298
$2,301,927
,
835,316
577,127
/V
*.
for
Balance
Of
No.
common
for
"Restated
■/./."Decrease.
7.
June—
$83,771
railway
from
:/
9,145
railwayi___i_
from
Net
mission
$86,473
12,238
6,671
2,164
From January 1—
from railway-
479,564
46,062
1,310
2,575
475,115
Net
ry.
—V.
162,
/
income—
7.
oper.
p.
,
,
497,809
54,962
77,293
102,351
18,102
14,461
58,081
f
Earnings for Six Months
sales
Net
;
/ In
Net
profit
Earnings per share on 600,000
'
The
shares of capital
stock——i
1945, was $1,052,796,000,
backlog of unfilled orders on May 31,
compared with $1,612,059,000 on Nov. 30, 1944.
In the
•orders and contracts amounted to $575,125,000, of which
were received in the second quarter.
Contract cancellations
f
ments
second
!
'
income—
16,188
40,588"
68,818
2,332
1.896,900 3.1,320,800
649,211
396,695
285,298
158,544
1,092,500
318,355
Net
railway.!.
railway
from
Net
oper.
ry.
^
...
income—
1,374,200
305,631;;.
29,852
162, p. 8.
—V.
$158,100
'
•'
sales
Net
.!
in
excess
M.
1944 and
profits taxes.—V. 161,
' ,
, '
Vice-President—
Eastern Air Lines, Inc.—New
M.
$0.21
provision of $92,000 in 1945, $67,000 in
,
Colonel
1943
$1,032,787
*50,980
$0.30
69.484
share.—$0.31
1943 for Federal income and
1422.
p.
f
1944
$1,932,984
"67,174
$1,750,148
—
_
"After charges and
$98,825
has
Frost
elected
been
a
Vice-President.
his >■''*"* --Up!
or-tP'o riutv with the AAF in April, .1942,
Official of the Florida Portland Cement Co.—V. 162. p. 133?
as
first
a
162.
8.
p.
Prior to
he was an
„
,
-
'■
■
■
11
64,886
2,970
13,904
50,148
4,660
13,661
Maintenance
Depreciation
——
12,067
11,532
,——
_________
>
—/-/
__
s
—
__
Taxes
-
Net
earnings
V
$26,056
———
deductions
__!
________
~
—
income
Net
The
months,
V
«.
—
Consolidated
Income
"
:
Gross
revenue
Accounts
$36,734
23,963
23,782
$2,093
:
<«-*"*•
**
Ended March 31
/■/•/-/V,.;'/!:/ '1945
1944$363,672
$332,675
income)
.!
General, taxes
Income
taxes,
133,742
12,240
42,851
145,190
8,697
43,292
—
Depreciation
-
Gross
Total
33,237
23,400
State and FederaL.
$109,854
income
subsidiary
deductions——____________
'
income
161,
p.
Net
sales
Cost,
.
102,070,519
47,893/:
Other
holders
The
stock
B
at the rate
share
of one new
|
proposal, Judge Knox observed:
through
goes
result
few
next
the
receive a
debenture
holders will
enrichment for the
debenture
unjust
in
years."
adjourned to Oct. 5 at which time the trustee Is
a
new
plan based on the court's suggestions.
was
submit
to
162,
133.
p.
Equity Corp.—75-Cent Accumulated Dividends
(The)
The
directors
July
on
declared
19
accumulations
of
account
-on
dividend of 75 cents per share
a
the
on
convertible
$3
stock,
preferred
15. A like amount was paid
each quarter during 1944.
The amount per share in arrears at Sept. 1, 1945, after deducting
the dividend just declared; amounts to $4.50.—V. 161, p. 2331.
payable Sept.
March
on
,
The
to holders of record Aug.
1
1
June
and
ICC
and in
last,
1,
Authorized— v:
not
but
17-authorized the company to issue at >par
of promissory notes in further evidence,
July
on
-exceeding
.
$1,320,000
of the unpaid portion of the purchase price of
certain equipment to be acquired under a conditional sale agreement.
not
•
in
—V.
payment,
162,
253.
p.
$37,998
.__
$26,312
of Cambridge,
on
on
1943
$2,767,481
2,621,517
2,579,677
security and other taxes____
70,708
for
65,248
50,120
84,939
85,000
56,000
$135,448
97,822
$86,932
122,277
$0.35
sales
Social
Prov.
oper.
depreciation;
Fed. inc.
for
Prov.
and
exps.__
taxes
estd.
the
for
Profit
Dividends
Z
year™___
i__.
paid
'44 May 29, 43 May 30, '42
$
$
/"/
$
91,975,511 104,014,132 93,786,248
94,376,254
:
43,414
88,132
■
"After
income.
•
9,637,878
7,059,154
137,026
109,746
104,510
-
Total
♦
7,950,807
3,747,624
34,764
150,000
22,920
53,303
750,000
1945
receivable
Accounts
/_
Inventories
Equipment
tax
453,143
tax!___
1,905
1,254,800
1,305,000
4,598,200
3,802,500
profits tax__
Estimated
post-war
fund
of
exc.
prof,
fixtures
and
cigar stands :
Deferred
1,405,000
5,395,000
700,000
250,000
Cr200,000
($50
shs.
on
.
600,000
—
,
•_:
com.
__!_
2,203,672
2,364,704
2,310,361
289,520
345,405
365,300
365,300
1,216,080
1,216,080
1,216,080
1,216,080
405,stock
for
Prov.
Federal income
estd.
stock
$4.58
$4.93
surplus
(par
$607,666, which after deducting $375,000. transferred to reserve for
future inventory declines and war emergencies, left a net of $232,666,
of
added
86,035
(5,446
shares)
625,000
72,182
20,913
I)rl3,615
$93,7,382
$1,001,930
Total
—V.
56,000
625,0p0
72,182
58,539
Drl3,615
—_
;
treasury
161, p. 985.
■
Ex-Cell-O Corp.—Earnings—
/
31—
1945
charges_:__—
$6,563,237
1944
i
1943
$9,878,025 $13,567,149
5,550,643
8,912,870 i 12,512,036
6 Mos. End. May
after
Reserve
for Federal
income
and ex¬
cess
profits taxes & renegotiation
profit
of
1
shares
Earnings
per
—V.
P.
161.
of
share
2658.
capital
$1,012,594
398,806
stock-
$1,005,113
$965,155
S2.65
$2.42
1 '
-
•
398,806
398,806 ;•
$2.54
:
Fairbanks Co. (<& Subs.)—-Earnings—
profit
Deprec.
of plant
equipment
to/above profit of $2,042,134, brought the amount
$2,274,799, 01/$4.90 per common share.
transferred to earned surplus to
inc.
'
per
1944
1943
$195,469
$274,991
9,725
com.
9,691
; '•'
1942
I
$272,938
9,414
i
-
Cr446
share.
Crl,47l
Cr790
132,000
206,000
211,000
$55,567
$60,091
$52,970
$0.30
$0.27
$0.29
$0.25
estimated post-war refund,
administrative and idle plant
fRpfnrp
9,372
/.:
Cr6,187
124,800
"After
selling,
/ichi-e
..j
$61,041
taxes___
tNet income
Earns,
1945
and
(net)—
credits
Fed.
-
.....
$189,379
tOper.
$4.80
net
which-when
taxes_
$2.50)______
surplus
"Est.
"$4.32
par)
liabilities--
accrued
and
payable
Accounts
Miscell.
profit for the year is before adding amounts transferred
from reserves charged to profit and loss in prior years in the amount
"The
$176,902
Liabilities—
'•
*2,042,134
sh.
$937,382
$173,789
Total
Number
Cr465,750
tax
prices_
dividends
per
1
37,193
charges
re¬
profit
Common
1
$1,001,930
and
3 Mos. End. June 30—
Net
268,226
4,947
30,569
leaseholds
Goodwill
.
40,922
and
restaurants
of
300,000
215,233
at cost
$286,093
500,000
hand
on
securities,
1944
$218,017
4,855
33,255
and
Government
Net
454,872
franch.
1945
250,000
deductions
income-
7,163,664
7,894,846
/ / 10,415
income •
State
Y.
N.
30,
April
■
banks
in
S.
$023
operating
miscellaneous
•
Sheet
Balance
U.
and
Z1//';// /'■■■.•/
...
Assets—
Cash
received
subrentals
crediting
$56,258
'
86,727,094
7,813,781
$0.55
Earnings per common share___.
Capital stock in
84,161,730
124.701
Interest, .etc..
Prov. for contingencies.
Corp.—Acquisition Approved—
Mass.,
1944
$2,899,509
2,621,634
:
—
_—
of
"Cost
Capital
247.
7,770,145
income
Earns,
meeting of stockholders, held
1945
$2,978,038
Sales
'■■} '•
$50,093
2331.
Inc.,
hearing
expected
—V.
on
class
held.
might
the
the trustee and interested groups meet
the basis of providing for the stock¬
that
a
the trustee's
plan
It
over
Profit
47,615
23,781
.•..***?
:
94,300,374
etc
expenses,
Federal
$97,709
-J
May 31, '45 May 27,
_
:
'■
Misc.
July 19, acquisition of Indus¬
a stock exchange basis was
/approved.
Number of shares voted was. 158,378, or 75.4% of the out¬
standing stock,
and number voted in favor of the acquistion was
156,798, or 74.6%.
For all of the stock of Industrial Steels, Inc.,
•;there will be issued- 110,000 shares of, Eastern Stainless Steel stock.
a
Steels,
in
plan
new
shares
to
this
"If
.bonanza.
completed in the
Executive Vice-
Endicott Johnson Corp.—Earnings— *
/
360
At
ten
Referring
■
a
issuance of
Earned
coal, is also being explored.—V. 162, p.
12,900
$61,961
.
deductions-
Eastern Stainless Steel
trial
each
for
compares
Preferred dividends
_Net
—V.
which makes no provision for common
"unjust enrichment" for the debenture
plan,
result
suggested
out
by
Capital
from
33.232
23,962
—1
company
Knox
work
plant of equivalent size and of
steam
a
Reserve for hide
Balance
Parent
Judge
and
holders
turbine power plant has an overall efficiency of
with a practical limit of 26% efficiency
gas
This
Excess
•
present
might
holders.
Years Ended April 30—
33% for a Diesel engine.
The weight of the plant is about 30 pounds per horsepower.
It oc¬
cupies a space of approximately 3% cubic feet per horsepqwer and
can be built
in sizes somewhat above the largest Diesel engines.
It is
designed to burn a medium grade fuel oil but the possibility of using
lower grades and perhaps even powdered coal, or gas or oil derived
/ for
—
1.
/Maintenance
"■■■ «•' ■* "&•" Vv
*:>/•
-
hp.
2,500
29%.
about
turbine plants will be
William A. Elliott,
to
$12,952
Quarter
for
'/J&.V":
(incl. other
/Operation
.
stockholders,
Pa.—Completes New Unit-
according
-
Operating incomO
.?
John C. Knox deferred July 13 action on the trus¬
plan of reorganization for the corporation, saying that
the
Erie RR.—Notes
huge
Years Ended—
..Total
July 13
disclosed that th®
life insurance in the first
record for previous corre¬
Judge
amended
believed
wholly-owned subsidiary.
a
nine
President
1944
$116,735
_____
ZZi/i
/Operation
4
next
June 30
$119,884
•
earnings
the
.
Corp.—Earnings—
Eastern Minnesota Power
Gross
Federal
tee's
he
3,
Two, at least, of the new gas
.
iiCondensed Income Accounts (Company Only), Quarter Ended
% v., *
V ; .-..v.
1945
;
on
exceeding
year,
_
company
Department.—V.
7
step
quantities of red-hot air through high-speed com¬
pressors and turbines to develop 2,500 hp. of useful energy, the first
gas turbine for ship propulsion ever built was successfully put through
.its paces on July 25 at'the plant of this company, it is announced.
Two years in building, the new power unit, which is a joint undertaking of Elliott research engineers and the U. S. Navy, Bureau of
Ships, brings to .a conclusion centuries of experimentation with hot„.air engines and adds a fourth to the three prime movers, steam engines,
steam turbines and internal combustion engines, already in existence.
First gas turbine plants to be built for regular service will be in¬
stalled in sea-going vessels.
These additional plants are being de¬
signed for increased horsepower output and increased efficiency which
will be attained by operating at higher temperatures.
The new units
are expected to be more
compact, lighter in weight, and with turbine
and compressor sections so arranged as to fit snugly into ship struc-
has applied to the Massachusetts Department of Public
■^Utilities for approval of an issue of promissory notes in an amount
JJiot exceeding $1,000,000, to finance the purchase of motor buses.
The
unopposed petition has been taken under advisement by the
;
this
vise
,
the final step, provides for disposal of ah of the company's
investments Sn public utilities in the-United States, J the
most important' of- which will then be in the American
Power and
Light: Co. and the Electrics, ^ower and Light Corp. It also contemplates
the settlement of certain claims against the company and its wholly
owned subsidiaries by American Power, Electric Power and subsidiaries
and their respective security holders.—V,
162, p. 8.
Ry.-—Note Petition—
Eastern Massachusetts Street
The
of
Equitable Office Building Corp.- -Trutsee Told to RePlan—
•
'/';/; ■ ■• /■- /•:
; ../ •
; '
t
.
Handling
profit after all charges & taxes
common
President,
written $144,500,000 of group
Exchange Buffet Co.—Earnings—
Net
—
Parkinson,
months
'
Corp.—Earnings—
Ended April 30—
.7.
1945
Earnings per
study.and careful considera¬
"long
from
Elliott Co., Jeannette,
9 Months
Record—.//■ ;.■'';
I.
had
sponding periods by more than $10,000,000.—V. 162, p. 8.
remaining
108,722
Duro Test
7 '
six
2
Plan
32,429
l
1—
from
Gross
■
with SEC
provides for the completion of the retirement of the pre¬
ferred stocks through the distribution of certain securities or. cash.
Some of -these securities are common shares which the company
will
receive in connection with the dissolution of the National Power &
Plan
•
Light Co.,
$265,400
107,730
Jan.
From
1943
$268,600
86,474
Net ry. oper.
-
1944
1945
$237,700
65,814
*
/
company
in the retirement of preferred
share in cash on such stocks as a
capital distribution, with
a
consequent modification of rights in¬
cluding a reduction of the annual dividend rate by 30%.
Subject
to any adjustment found necessary by the Commission and approved
by the court, his new dividend rate (payment of dividends being
in the discretion of directors) will be $4.20 on the $6 preferred stock
and $3.50 on the $5 preferred stock.
As a result of the $30-a-share
payment the stated value of the preferred Stocks will be reduced
'.from $104,328,000 to $73,029,600,. and annual preferred stock dividend
requirements will be reduced from $6,056,668 to $4,239,668.
1942
railway—
from" railway'— I
from
Net
in the
would be
Equitable Life Assurance Society of the United States
stocks/ for the payment of $30 a
Ry.—Earnings—
Duluth Winnipeg & Pacific
Gross
six months
$111,772,000
and adjust¬
of which $631,758,000 came
■
' .
amounted to $694,543,000,
quarter.—V. 162, p. 246.
-.''June—
$3,299,000
$5.50
—_——
——
133/
—Sales Set
to
provides,
1
Plan
16
the backlog of demand for the company'?
products has already assumed proportions which indicate production
requirements at least three times those of any peacetime year.—V. 162,
/
investments under the act.
,
/./■;//■//
stockholders, Bond and Share summarizes the steps
follows:
• '•
•;/ //::• '•/*■•;' •
•
•
plarts as
or
of those
power
According to Mr. Abrams,
of
letter
a
■
——
for contingencies
Reserve
v
.$439,845,000
16,204,000
—__——__
11,840,000
1,065,000
after charges.
Provision for taxes!
.
Ended May 31, 1945
_____——______—
——
.Net income
resulting
program,
liquidation
Douglas Aircraft Co .—Earnings—
'
the
times
incorporated.'
P.
and Share will
in this country
and
; '
< Upon, consummation
of the program, which consists of three closely
related steps or plans, the company's assets will consist of its invest¬
ment in the American and Foreign Power Co., Inc., largest American
owner of foreign public utility properties; securities of Ebasco Services,
Inc.,
a
wholly owned' subsidiary furnishing all types of operating
and engineering services, and cash.resources derived principally from
435,196
three
have
will
it was indicated in Chicago, 111., on July
showing of new models
Jamin Abrams, President,, stated that many other innovations
not
approved by the SEC and the court, Bond
of all of its investments • in public utilities
will seek exemption from provisions of the act.
tion,"
-/vZ/VV/V'
I
advance
an
■:
include the System inputs of any
periods.—V. 162, p. 352.
Phonograph Corp.—Outlook—
Harbor,
by this corporation.
The new
sets will also make wider use of newly developed plastics and. metals
and will feature more efficient tube and speaker arrangements.
Ben-r
at
dispose
!Vv?/ /■'/'■ -Oz:•/
2.1
2,100 ;
is
22,488
15,165
,
railway—
from
Net
.
Vy'V 7'Y'V ''
Gross
do
*8.3
'*8,864
'•
Pearl
before
&
radios
the Holding Company Act of 1935
the
•If
$84,916
/
8,385
accrued
$400,329;
program
a
of
ments
1942
$90,055
Net. ry. oper. income—.
[
figures
-
made
oh July'25 filed with the Securities and" Exchange Com¬
designed to bring itself into line with the require¬
Company
Gross
/■.//://./'''
above
100,808
-Electric Bond & Share. Co/—Files New Plan
'
1943
of
Emerson
Post-war
•
Thomas
c
1944
1945
98,842 -107,706--
•
102,908
companies not appearing in both
Detroit & Mackinac Ry.— Earnings—
/
;
$1.20
.
P.
Light- CoTp:_^"
' '
Note—The
.
1,162,600
share
re¬
bility in respect of mutual and reciprocal insurance companies, $250,000; miscellaneous reserves (including $556,535 for possible additional
assessment of Federal income taxes of prior years), $814,991; 4% pre¬
ferred stock (par $100), $7,238,000;. common stock (par $50), $20,268,C00; earned surplus, $10,501,498; total, $56,514,186,—V. 161, p. 766.
1845 the System inputs of
19,
National Power & Light Co._
$i,391,665
$0.62
$0.60
comparative purposes.—V. 162.
Earn, per common
$1,466,-611
-:7V'
$1,551,655
160,000
-
dividends
>
Inc.—Weekly Input—
ended July
week
>
Power' &
-ElgCtric
inccfrie
Net
Preferred
;
11 announced the de¬
client oper¬
ating companies of, Ebasco Services Incorporated, which are subsid¬
iaries of American Power & Light Co., Electric! Power & Light Corp.-,
■and .National Power & Light Co., as compared with the corresponding
week during 1944, were as follows in thousands of kilowatt hours:
•
:;'r'/•"!'
oC: /■' 'r/!: •/.■ : .'
—Increase—/.
.Operating Subsidiaries of—
1945
1944 •
Amount - Pet.
American Power & Light Co
182,734 ..." 180,416 '
2,318
1.3
the
For
$2,291,62$
/
July
*
•
.
; •
transit
in
Emerson Radio
337,572
$1,054,875
Operat.'
-
on
S.
U.
,
'
.'..'7 .;/•■
i
Net
^Other
.
greatly' extend
Ebasco Services
'253", 173
•
„
stated that in labora¬
tory tests engines had been run the equivalent; of 200,000 miles of
driving-without vaive refacing and'showed little wear and corrosion.
V. 162/ p. 246.
/
273,246
/. ' 171,417
taxes.-
.
,
division
■
$964,703, or $1.37 per
per| share,- in the
$1.41
.alloy.:. called . "Eatonite," , which its engineers
the life of automotive engine valves. ; >
of/ a -,nev
.
will
asserted
126,955
170,426
local
was
or
^
.
-L/V.- C/ Young,...Chief. Engineer of this, division,
970,344
■
s
company's Wilcox-Rich
The
velopment
1,047,400
'
profit'
$994,798,
of
.
$13,022,776;
trade accounts
.
...
quarter net
1945,
net profit
of .1944.- /
$1,735,000;
$200,000),
of
reserves
payable, including payables for merchan¬
wages of $1,607,049 and accrued
.expenses, including accrued taxes other than Federal taxes on income,
$4,714,057; sundry creditors, $611,818. notes held by workers under
savings plan, $428,353; accrued Federal income
and excess profits
taxes, $5,735,855; reserve for reduction of normal inventories to fixed
prices, $3,476,345; reserve for replacement of normal inventories, $186,•»
796; reserve for future inventory declines and war contingencies, $2,288,474-; reserve for workmen's compensation and public liability con-r
tingencies, both covered in part by insurance and for contingent lia¬
dise
V '';/■■• //
////;' {///
/
New Alloy Developed—
/
543,877
516,924
creditsFederal taxes../i
;
quarter
;
(& Subs.)—Earnings—
.1945—12 Mos." 1944'
$6,458,27U $6,225,637 $12,946,305 $12,219,356
1,573,759
1,759,342
3,164,224
3,342,471
1,632,112
.1,248,686
3,252,456
2,454,000
319,930
244,606 "
632,341 t
452,694
'•/' 556,140
• 539,857
1,121,721
1,123,244
.,511,459
516,835
1,028,293
996,936
.'---i
Operating expenses
•Purchased
against
1945_6 Mos.—*1944
Period End, June 30—.
,
June,
share,
-second
:
Total operating revenues
the
shares.
703,646
(after
Liabilities—Trade accounts
$1,964,989
$1,989,596- $2,064,835
$2.77 }?;>
$2.83
$2.93
/ $2.78
share
com.,
•
"On
81, 1945
hand,
on
paid taxes and insurance, etc., $270,254; other assets, $1,797,481; capi¬
tal assets (after depreciation of $3,351,677), $9,137,540; goodwill, $1;
total, $56,514,186.
'
*
1942
•
and
C—at*- cost,
series
tax
deposit
$9,403,796; sundry debtors, in¬
cluding refund of prior years Federal taxes of subsidiary company of
$88,000 arising from loss carryback provisions, $187,233; inventories,
on
the basis of cost or market, whichever is lower, $20,960,104; pre¬
ceivable
"
Delaware Power & Light Co.
c
per
1943
1944-
/
'
$1,941,268
taxes
;
•
,
162,
1945
6 Mos.
■
demand
on
'treasury notes
Subs.—Earnings
Eaton Manufacturing Co. (&
,
-
*-V.
Assets—Cash
over
continuing its
is
above'
of
of the company
capacity of more
capacity
rolling
cold
high
enforcement has been
Company
Interim Consolidated Balance Sheet, May
in the four100% and an
■increase
in
the polishing
.thari 150%.
The. new
pickling equipment now under construction and nearing completion
will increase the production of that department by over ,100%.—V. 161,
..p. 2551..'' •; ;
.///'-V//'
^
/'/>
■•'•.
"The directors voted to appropriate funds for an increase
charging as operating expense any provisions for (1) post-war adjust¬
(2) accelerated depreciation, (3) pension costs for past service,
and. (4) pension costs* for -salaries above $3,000 per year;
On June 21,
1945 the Commission ordered a schedule of rates purporting to produce
'the above reductions. Company appealed from these orders and their
ments,
the
455
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4407
-
renegotiation of
tAfter charges, manufacturing,
expenses and provision foi bad
contracts.—V. 160, p. 2443.
THE COMMERCIAL &
456
Fairmont
Co.
Creamery
Stocks Offered
—
Co., and associates are offering shares
of 4% cumulative preferred stock at $104 per share and
dividend.
Of the 60,000 shares registered a total of
$587,905;. total,
patrick-Pettis
Y
;vy
Y
—v.
the
each'three months thereafter, with interest at
1945, on unpaid balances payable quarInterest paid, as called for in the instalmert contracts if all instalments are paid when due, will amount to a
total of 66 cents per share in addition
to the original subscription
orice of $95
Such rights are granted to the holders of common ^stock
of record June 30.
Warrants are exercisable on or before three o clock
Central War Time, on July 31, 1945,. upon surrender thereat at
Omaha National Bank, agent, Omaha, Neb., and upon payment in the
nrovided for the number of full shares subscribed.
This
Sfering of commcn stock is not subject to the sale of the 4ft preferred
stock or the exchange of the old. preferred stock.
The company will, within a reasonable time .subsequent to the expira¬
tion date of the subscription period, deregister all shares of common
stock not subscribed for on the offering to common stockholders.
nublic offering is to be made by the underwriters with respect
to the1 sharesof the common stock, and the shares are not hems
S annum from Aug. 1,
terly beginning Oct
1, 1945. *
4ft
m
n
manner
stock
or
stock and cash.
or before Dec. 31,
common
lor
consummated on
be
1945.
of
exchanged, that the entire 60,000 shares of new 4ft
sold to the underwriters and 100ft subscriptions
are
received for the common stock, the gross proceeds would be
$7 129,325.
From the gross proceeds must be deducted expenses esti¬
mated' to be $42,044.
Y-YY
Y;/;
■ .
stock are
preferred
7
"Net
$267,633
$200,008
233,056
profit
Shares
233,056
stock™
common
,
share
per
$1.15 Y-;:
—
resumption,
service
between
on
10, followed by
three-weeks'
a
with
of
S.
the'
S. S. Fort Amherst
iue
and
S. Fort
Aug.31;
on
employed in the New York-Halifax-
are
(Furness
Red
include
to
sailing
basis.
vessels
service
extended
the
limited
a
York
v
New
Cross
Line)
Bermuda.—V.
and
140,
p.
is
itinerary
the
3388.
>
Gabriel Co.—Earnings3 Mos.—1944
1945
1945—6 Mqs.—1944
Net profit after charges
and
taxes
Earnings
$62,222
'$172,733
'$169,715
$0.32
$0.21
$0.58
$0.57
share on
shares.
com.
'After
V.
$92,523
———
per
299,129
provision for taxes of $252,875 in
161.
and $113,143 in
1945
1944.
2108.
p.
Galveston-Houston Co. (& Subs.)—Earnings—
1945—Month—1944
Period Ended May 31—
garage
.
Other
Fed.
163,326
2,080,932
oper.
1,617,629
331,623
3,954,847 <•
72,234
13,970
112,100
13,700
118,600
3,729,789
833,039
201,129
54,983
1,262,452
667,341
1,481,106
57,378
$40,040
$49,648
$483,813
$671,464
exps
taxes
and
norm,
Fed
exc.
prof.
Depreciation
surtax
tax—
'
Operating income—
Other income. (net
868,192
165,813
686,357
1,907
1,618
21,147
13,795
$41,948
Gross income..;
$51,266
$504,960
$685,260
7
deductions
Income
$9,220,515
and
expense
General
1945—12 Mos.—1944
$9,483,393
76,070
maint.
$804,117
344,526
revenues
Equipmt.,
$821,117
177,030
Operating
income
5,561
Dividends declared
common
on
8,044
84,538
$43,222
$420,422
$572,884
233,660
233,660
;y
$36,386
stock
,
,
Y;;Yy'Y,YY/YY?
161, p. 2659.
.dj.
112,375
v
■';?
1942
■
$135,074
$152,133
lY 233,056
General Acceptance Corp.—Partial Redemption— Y Y
233,056
1
$0.65 $0.58
'After depreciation, interest, Federal and foreign income taxes, etc.
For the three months ended June 30 net income was $161,081, after
taxes and charges, equal to 69 cents a share, compared with $91,994
or 40 cents a share for the like period of
1944,
• '
,
Earnings
freight
commence
Aug.
on
on
being
—V.
1943
the
announced
Period End. June 30—
be headed by Mr.
1944
17
and
aforementioned
.
1945
30—
will
Newfoundland
now
(& Subs.)—Earnings—
Ferro Enamel Corp.
6 Mos. End. June
stock- is
ferred
The
•
Purpose—Assuming a complete exchange of the 40,000 shares
preferred stock, the sale Of the additional 20,boo sjuu^ oinew 4y.> .
preferred stock and 100ft
subscription for the common _stock, the .
gross proceeds to
the company, after deducting underwriting com¬
missions
would be $3,054,325.
Assuming that none of the old pre¬
July
on
passenger
service
Net
old
a
Townshend
7
Mr.
Lazarus
stated that post-war plans of the company call for
"the "expansion of a number of the company's units, greater coordina¬
tion of the various stores activities, increase in operating efficiency
and adequate preparations for post-war problems of readjustments.
"Plans are also being made for the construction and development
of Foley Brothers in Houston, Texas. "d-V. 162, p. 134.
-
of
thereafter
on
.
Acquisitions—Company pro¬
20.000 shares of its
acquiring additional
Solely for common
Such acquisitions, if any, -will
stockholders
common
company
This
/
the company has set up a central agency to
Lazarus and Mr. Rothschild. 7...
:/'/
have available for issuance and sale
common- stock to be held solely/for the purpose of
properties.
The acquisition may be made either
to
Th
Bermuda.
Inc.—Stock Options Ap¬
tively,
YYYyY
for Property
Stock
Common
of
Issue
poses
1944
$190,798
'
1201.
161. p.
basis,
'
proval by the U. S. Treasury Department.
.''YY/YY; Y;
A
group headed by
Samuel J. Bloomingdale, a large stockholder,
registered a 30ft vote against the plan, and stated it would take-the
issue to court.'': -YYY'
■
•
/,
YY:
.YY.;'
In order to coordinate the activities of the subsidiaries more effec¬
No
underwritten.
v.//\/'-":.
July 20 approved a 125,000 common
share option and purchase plan equal voting privileges for preferred
stockholders and the employment of Fred Lazarus, Jr., President of
tha company,
and Walter Rothschild, Vice-President, as executives
in a newly created central agency.
The preferred and common stock¬
holders also voted to increase the preferred stock by 40,000 shares to
an
authorized amount of 200,000 shares.
The dividend rate and re¬
tirement price of the new stock are not to excees those of the 4'Aft
convertible preferred stock.
:
The purchase and option plan specifies thai Mr. Lazarus and Mr.
Rothschild be given rights to purchase soon at the market price 10,000
and 2,500 shares, respectively, and be given options on a similar amount
each-Aug. 1 from 1945 through 1948.
Terms require an initial 5ft pay¬
ment and 5ft annually for 14 years, after which the balance is due.
Twelve
principal executives of subsidiaries are granted purchase
and option rights for 25,000 shares on the same basis.
An additional
37,500 shares will be offered to major executives in a manner to be
decided later by directors.
The stock option plan is subject to ap¬
The
of
end
the
1945
$195,565
taxes:—
muda
$0.06
shares—.
$0.03
/..%Y- f/yy'v YY:Y Y.,://
Y:\''
8.
P.
Federated Department Stores,
subS
8t
160.
proved—Preferred Stock Increased—
stock rights to subscribe, at $25 per share for
stock at the rate of one share of common
stock for each 10 shares of common stock held, payabLe in cash dn
fiiUor
bv instalments of an initial payment of $9 per share at the
'ttee' of
on and eight instalments of $2 each, the first install
LmS ^vabie Oct. 1 1945, and subsequent instalments being
navable
after
profit
Furness, Withy & Co., Ltd.—Resumes Service to Ber¬
7\
\'v. 7"
■,
1944
$93,012
1945
$87,402
.
and taxes——Y—Y;,;
charges
after
income
.Earnings per share on 64,012 common
of common
shares
42 773
V
Months Ended May 31—
Net
common
its
of
holders
(& Subs.)-—Earnings-
5 Months Ended May 31—
Net
Federal Electric Co.—Earnings—
6
'
yY'/
Stockholders—The company Is offering to
Common
to
Offering
,■
Fruit of the Loom, Inc.
surplus,
, .
.
-V,
40,000 of the shares are offered by the company m ex¬
change, share for share, to holders of its outstanidi:ng
convertible preferred stock. The remaining 20,000 shares
and unexchanged shares purchased by the several under¬
writers are offered to the public at $104 per share and
accrued dividends.
par),
no
shares, /
($100 par), $4,000,000; common stock (427,630
$8,552,600;
earned surplus,
$3,784,640; capital
$19,415,051.—V. 162, p. 353.
"
stock
ferred
Kirk-
—
Monday, July 30, 1945
FINANCIAL CHRONICLE
$0.86
Twelve
called
will
10-year
convertible
5ft
subordinated
debentures
been
have
redemption on Sept. 1, next, at 102 and interest.
Payment
out of sinking fund moneys at the office of The Penn¬
for
made
be
Company for Insurances < on Lives and Granting Annuities,
trustee, 15th and Chestnut Street, Philadelphia, Pa.-—V. 160, p. 983.
sylvania
,
.
the 4ft preferred stock will, to
from the sale of
net proceeds
The
-
used to replace funds employed for the
preferred stock not exchanged. The old pre¬
ferred stock not exchanged is to be redeemed on or about Oct. 1, 1945,
at $103 per
share plus ■ dividends.
Any balance of such proceeds,
together with the proceeds from the sale of the 20,000 shares of 4ft
extent
the
redemption
be
necessary,
of the old
and of common stock, will be applied to the general
of the/, company and will be available for general
;- ■/
/
...
.
.
to place itself in a position to acquire
additional properties if favorable terms can be negotiated. . Such
acquisitions may be made either by the payment of cash or by the
issuance of part or all of the 20,000 shares of common stock reserved
far that purpose.
It is planned to utilize the 20,000 shares of com¬
mon stock before Dec. 31, 1945, in part payment for proven operating
/
four
the
noon
products.: ;vYY""^YY-Y/yY
Adjusted to Give Effect to Present Financing
Capitalization As
/.
■
■
.
Y '"Y':-YY.
remaining subsidiaries of the company.
subsidiaries are now engaged in practically every
industry, including the manufacture and sale of
butter, cheese, ice, ice cream and ice cream specialties, buttermilk and,;
by-products; the processing and sale of milk, cream, eggs, poultry; Y
the handling, processing and sale of fresh and frozen fruits and vege¬
tables;.„and the operation of public cold storage warehouses.
■>
The
products of the company and its subsidiaries are distributed
from its main plant at Omaha and from numerous other plants and
branches maintained by the company and its subsidiaries at strategic
points in the following States;
Connecticut, Iowa, Kansas, Maine,
Massachusetts,
Michigan,
Minnesota, Nebraska, New York, North
Dakota, Ohio, Oklahoma, Pennsylvania, South Dakota, Texas and Wis¬
consin.
Sales offices and buying stations are also maintained in
and
now
are
6 Months Ended June
,
Operating
the
of
YY'Y; .'/
.//YYyYy'Y:"YY
United States.
severally
and not jointly to
purchase from the company the respective per¬
centages indicated below of the 20,000 shares of 4ft preferred stock
now offered plus such number of the remaining 40,000 shares of stock
as
are
not issued pursuant to the exchange offer at $101 per share
underwriters
plus dividends from July 1,
named below have agreed
1945, to the date of deliverv.
McDonald
&;
Co.
——
Vietor, Common, Dann & Co—
5
The National Co.
4
First
of
The Ohio Co.
Burns-Potter
Lawrence Brinker
Lincoln_—1
10
John
——
Trust Co.
Buffett
of Omaha—
10
8
Ellis-Holyoke
&
5
Greenway &
Co.
5
Goldman,
—Y_——-i
Co
&
& Co
:
:
Statement
Consolidated
Years Ended—
Net
&
Co.
2
__
Douglas Y———v.———
Co,
2
2
——2
Sachs & Co.
.
„——
2
15
sales)
Coat
of
—_
sold—
goods
Expenses
Net
Other
——,—;
and
Loss
■.)'.■«
•
,
$79,230,966 $83,363,171 $81,046,384
70,005,391
72,787,568
69,505,545
_
6,971,845
7,109,755
$3,488,795
$3,603,757
$4,431,083
107,744
119,780
;
income
income
>ther
deductions
—
—
$3,611,588
148,307
—
—
$3,711,502
177,614
tax_
—503,000
profits tax——.
2,100,000
>ebt retirement credit————
210,000
ost-war refund
credit—•
'
'ederal
552.000
Income
'ederal
excess
Consolidated
202,000
252,000
—
$191,095;
10,000
$1,070,260
$1,163,887
$1,379,646
180,012
529,995
423,996
Balance
Sheet,
Feb.
28,
lf)f5
'en hand and in banks, $2,581,518; accounts receivable
property, plant and equipment,
total, $19,415,051.
payable
(trade),
investments and other assets,
$8,772,637; deferred charges,
$64,987
■
■>
■
.
...
-
••.¥7,500
.7
■
Comparative Balance
37,500
$0.85 Y
Y
■
-
.
V
.
■.. ...
.■■!.'.■■•
securities,
at
cost
accounts receivable
Unlisted
securities—at cost———
Invest, in wholly-owned subsidiary—at cost—
"
.
Prepaid
'Total
Short
term'
and
7,588
for
Reserve
for
Reserve
$2,904,500
Total
(represented by 282,808 shares of stock (par $1) $11,381,927
1771.
/. ;Y,. Y,YY,,;Y-:v':'Y:' Y/Y;,:^? Yv':. V
:
——---——^/ $5,119,405
——
Orders
sales
Costs,/expenses
37,034
625,000
;
Income
•
Y
this corporation had combined net operat¬
.
,
,
for the first half of 1945 aggregating $2,906,537.
The
thereof applicable to the parent corporation, together with
of the operations of the corporation and other active
earnings
portion
results
produced combined net operating earnings of $2,786,659 or
equivalent of 98 cents per share on the 2,831,188 shares of
outstanding on June 30, 1945.
The latter figure compares with
combined net operating earnings of $2,413,942, equal, to 85 cents per
affiliates,
the
stock
of 1944.
ended June 30, 1945, First Bank Stock Corp.,
received dividends from affiliates totaling $1,287,827.
With other income, after deducting accrued expenses, the
net operating earnings of First Bank Stock Corp., only were $1,206,803
for the
share,
for
the
six
first half
months"
above
on
period.
earnings
income,
and
are
V
Cost of goods
1945
,
sales, less discounts, and allowances!.
—
sold, incl. freight on shipments—
$1,520,489
1,259,660
profit
and
on
sales—
administrative
.
Y.
profit before Federal income taxes——
♦Including
cellaneous
expense
applicable
to" non-operating
income, etc.).—V. 161, p. 2108.
4,086,365
per
share
24,793,533
20,770,700
21,061,629
$0.72
$0.73
28,845,927
on
——
Y
Agreement—
Issues
A "new
Co.
Electric
General
Brochure
16-page
on
has
Intra-Tel—Wired Television—
publication titled "Intra-Tel Systems," a commercial
has been prepared by this company's trans¬
development of television,
mitter
division.
The
brochure
describes
In detail a television system for use by de¬
stores, and gives the initial cost and yearly operating ex¬
based on pre-war prices for a typical system. It is illustrated by
numerous
charts, drawings, and. scenes from, recent merchandising
partment
pense
presentations over General
Electric's television station, WRGB.—V. 162,
353.
The
1944
$1,396,249
97,500,000 136,000,000
81,000,000
Cr7,000,000 Cr8,700,00GCrl2,500,000
2,500,000
8,700,000 12,500,000
$0.86
available for dividends—
issued
•
To Make Air
..
.•—
announced the cancellation of Its
license agreement with the Westinghouse Electric Corp. in the field of
electric lamps.. The cancellation is effective Aug. 1.
.
v .
A new agreement has been entered into under which each company
grants to the other a simple non-exclusive license under its lamp
patents and patent applications in existence on Aug.
1. The new
license provides for: no royalty payments and contains no limitations
on
quantities or prices at which patented lamps may be sold.
No
licenses are granted under future patents.
.
■ > The Department of Justice has been notified of the action.
'
Conditioning Equipment in Bloomfield^of
manufacture
pletely the company's
Wilson,
air
conditioning
equipment
will
occupy
com¬
Bloomfield (N. J.) works after the war, Charles
recently announced,
engineering tand manufacturing
President,
1,055,358
of
the
$340,891
141,335
company's Industrial Control Division, which have occupied about
the facilities of the plant, would be transferred to Schenectady.
half
160,764
$100,065
$199,557
periods
(less ' mis¬
■'
$260,829
"
added
Net
7,152,747
E.
"
expenses—,
3,869,164
proiits
excess
Enter New Patent
The
Mr.
Gross
97,424,369 111,117,953 152,975.464
101,293,533 118,270,700 157,061,629
———
and
post-war tax refund—__
adjustments & conting.—
Profits
shares
(dement Co.—Earnings—
6 Months Ended June 30—
Gross
(net)—
—
Earnings
P.
Florida Portland
1943
1944
1945
provisions
before
below
income
company,
figures'are after accruals for estimated taxes
subject to later adjustment.
Deposits reported by the bank affiliates in published statements as
of June 30, 1945 aggregated $1,013,899,771.
This includes U. S. War
Loan
Deposits of $207,089,269.—V.
161, p. 767.
'
The
based
sales-———-
Income,
Post-war
During the six months
parent
;.''Y;.
'
other sources
from
shown
$5,171,558
Half of Year—
-
always
alphabetical
-.Y :
and Other charges— 587,209,303. 581,952,885 473,896,252
from
Income
Total
July 18 declared a
bank affiliates of
not
alphabetical
near
1,320,662
Corp.—Larger Dividend Declared-
1945.'.- /
12,
Ended June 30—
Net
' :
YYY '
semi-annual dividend of 40 cents
per share on the capital stock,
payable Sept. 10, 1945 to holders of
record Aug. 17,
1945.
This amounts to $1,132,475. A dividend of
35 cents per share, amounting tq $990,916, was paid to stockholders
72
is
exact
as
695,496,000 811,023,000 941,529,300
billed (shipments)Y—_— 684,633,672 693,070,838 626,871,716
Estimated
March
in
always
possible.
as
taxes
Earnings for First
are
it
reasons
companies
arrange
received
Federal
First Bank Stock
on
to
However, they
General Electric Co.—Earnings—
6 Months
161, p. 767.
The directors on
mechanical
NOTE—-For
possible
35,973
1,360,591.
—v:
Surplus
taxes—22,031
// $116,837
Federal and State
183,812
$5)—i-;———625,000
(par
$15,619
79,186
•
p.
34,575
Y
'
'
payable—management fee and other expenses—
14, 1945
—_
order.
4,942
notes—————:—_—' $2,564,500
State taxes accrued and payable.
44,014
payable—————.r/ , 253,325
doubtful acct., liens and fut. losses
200,885
unearned discounts
71,089
stock
Common
$11,498,764
-
payable July
Net assets
$5,171,558
accounts
Sundry
1945
1
$5,119,405
Liabilities—
144,508
of June 30,
as
3
—38,467
10,087,768
-
position
'-K
1
assets
Federal
assets
—V, .161,
281,205
163,589
175,000
life insurance
discount and insurance
:
equipment and
Furniture,
Assets,
(marketable securities)
Total. liabilities.
.37,961
19,950
and, Net
'YY:./(■//'»'■!
$1,372,527
Provision for accrued
1,400
568,071
•
—
Sundry
;
707,083
banks___
in
Total
$3,735,255
1,112,192
———
Liabilities
Assets,
receivable—miscellaneous
and interest receivable
Investments
Accounts
invested—$3,324,582
860,621
cash
Net
Cash
Marketable
Dividends
Dividend
$4,465,696
730,440
customers
$148,392
r
bank—demand deposit———————————
in
1944
$3,988,865
664,282
due
8,305
'
realized
losses,
or
securities)
on
Y'•
Assets—.
$3 ,757,212
..-
•Total
Reserve
of
Statement
Cash
gains
of
Liabilities—
1945
Accounts receivable, notes and trade accepts _
$2,394,807
Industrial liens -'
1,133,558'
Secured notes and mortgages
•
460,499
■':'.'■-
Assets——
;
surtax
37,500
V.:
Sheet, June 80
$189,619
——yYv 32,923
—
and
r-'v-—-
Dividends
$0.97
$0,86
■
■-.»
$574,158;
$3,696;
due to officers, $59,408; accrued State,
and social security taxes. $245,192;: provision for
$53,530
4,539
-t"-.
•
•Selling
contract advances,
local, capital stock
Federal income and
exoess profits
taxes, $1,188,000; portion of Federal excess profits tax
deferred, $368,435; deferred income, $51,016; 4y2ft
convertible preLiabilities—Accounts
35,588
180,012
(net). $1,641,325; inventories. $6,093,966;
$134,511;
.612.000
2,620,000
180,012
—
—.
*
201,216
,
530,045
profit—:——
Preferred dividends
Common dividends
Assets—Cash
$4,550,863
2,020,000
—
Net
24,787
22,843
$142,890
33,140
44,764
;
inc. taxes
dividends
Common
the
Total
$113,905
$52,897
and State
Earnings per common share
the
122,792
profit—„
$91,724
—
unrealized,
and
Y
(exclusive
income
net
Accounts
ing
,,
5,736,779
—
operating
Profit
of
Feb. 28, '45 Feb. 29, '44 Feb. 28, '43
(excluding inter-company
sales
86,274
Net
The
;
1943'
$229,164
78,143
y
15,984
income
profit -i—Yi/—
preferred dividends
■
5
10
—
Merrill, Turben & Co.
Schoellkopf, Hutton &
Pomeroy, Inc.
1944
; $192,048
1
Total
Percent.
15
Co.
income""—a——y—yY.*yy,—..
Total-
expenses and taxes—y
Provision for Federal normal tax
70,056
1945
.
for Fed.
Prov.
-V.
Percent.
Kirkpatrick-Pettis
.Interest.-on
-
$161,780
7
'
.
Interest.1
•
the sole
parts
30—
Y
expense
operating
Net
Company and its
of the dairy
Underwriters—The
receipt of stock received as taxable divs.„ Y Y
3,841
bonds—9,902
at date of
1
at Baltimore—Earnings—■
income
Gross
branch
different
dividends
Value
o'£
Outstanding
'•'■ Authorized
for Six Months Ended June 30, 1945
———i—.Y——Y—Y-YY .$175,877
Statement
Income
,-Cash
Total
$100)---—--—
(par
stock
stock
on
Finance Co. of America
80,000 shs,
'60,000 shs.
Common
—
850,000 shs. : 7490,503 shs,
♦4ft cumulative, convertible.
tAssuming issuance of all of the 42,773
shares of common stock and assuming the issuance of all of the 20,000
shares of common stock for property acquisitions., It is believed, how- ;
ever
that not more than 30,000 shares of common stock will be sub¬
scribed for on the offering to common stockholders and the actual
amount of common stock to be outstanding will be reduced accordingly.
History
and
Business—Company was incorporated in Delaware
March 5, 1929, and on April 2, J929, acquired all of the then outstand¬
ing capital stock of The Fairmont Creamery Co. (Neb.),
The Nebraska
company had
two subsidiaries, The Fairmont Creamery Co. 6f New
York and The Fairmont Creamery Co. of Wisconsin.
These became
Preferred
Stock
suspended from dealings on the Exchange at 12
the latter date.—See V. 162, p. 353,' " " ■
>'
will be
V
manufacturing dairy and poultry
properties
■
...,
held, which were recently given to common; jJuly 19, were admitted to regular dealings on j
Exchange on July 20 and will expire on Aug. 1. ;
record
of
York
New
They
capital
working
shares
common
stockholders
preferred stock
corporate purposes,
The
company
desires
General Capital Corp.—Earnings—
Rights to Expire Aug. 1—
rights to subscribe for one additional common share for each /,
The
Wilson
that
said
the
moves
will require about 2y*.years.
activities
Y
General Foods Corp.—Sells Two Subsidiaries—
Hygrade Food Products Corp., below.—V. 162, p. 247.
See
'
He
•"/
's
Volume
proved—. '/■
yj.
t
contracts for approximately
Corp.—Compromise Plan Ap¬
r'V .V■'V;'
/•'
General Gas & Electric
eral
;
Gas.
plan provides that public holders of General G&s $5 prior
preferred will receive, for each share, two shares of 5% cumulative
preferred, $50 par, of South Carolina. Public holders of $6, $7 and $8
cumulative
preferred stocks of General Gas will receive,
for each
share,
$100
plus
unpaid
dividends since Sept., 1936, payable in
The
Reconverts -Parts Depot—
preferred at the rate of 2.3 shares for each share
preferred (aggregate par $1401 plus cash for balance,
aggregating $163,222 as at May 31, 1944.
Public holders of General Gas Class A and B common stocks will
Carolina
South
of
General
Power
each share, one-fifth share of new common of Florida
plus $1.65 in cash (aggregating $3,962,529) plus adjust¬
paid since August, 1944.
<
*
the
plan the holders of the four classes of General Gas
Corp.
Under
'396,383.8
46,24%.
of
shares
Corp.
161,
Other
':
.
———
$3,677
3,672
——
r„
—i
accrued
2,000,000
932,850
15,000
66,989
1,236,654
131,639
——■
'
—V.
$4,390,479
$4,489,623
Total
2660.
161, p.
Corp.—Quarterly Report-
General Shareholdings
before deducting bank loans, were $18,561,844 on June 30, 1945, as compared with $15,440,286 at June 30,
1944,
and $16,949,116 on March 31,
1945. Net assets on June 30,
1945, indicated an asset coverage of $175.33 per share of preferred
of
assets
Net
corporation,
$3.70
and
stock
net
The
stock.
share
per
of
in
stock
common
and
$105
deducting
after
arrears
accrued
dividends
and
assets
for each share of preferred
1944, were equivalent to $140.93
30,
June
on
and $1.70 per share of- common stock
asset coverages were $157.56 per share
per share of preferred stock
while on March 31,. 1945, the
preferred stock and $2,69 per share of common stock.
Total bond holdings of the company at June 30,
1945, represented
about
8.6%
of
gross
assets
while the
preferred stock portfolio
accounted for 6.5%
and common stocks for 77,9%.
The company's
investment in stock of The North American Co., its largest holding
of
/,//f'r
corporation's Buick Division
time expansion in the 40 years history of the
facilities will be. provided for a projected 40%
increase in employment opportunity over pre-war levels,
v •
^
At the same
time, it was announced that the 1946 Buick car is
ready for manufacture and that new construction and tooling is in
progress as Buick reconverts its released war plants to automobile
output.
Many of the company's factories will continue in war pro¬
Plans were announced on July 21 by the
for
.
Genera! Metals Corp., Ltd*—Offer for
See Transamerica Corp. below.—V. 158, p. 1531.
truck
-
purchased——.—..——
securities
Taxes
.
.
..v../>■
/.
■
payable:
$9,248
———2,388
3,265
Unadjusted :credits /—a—-— ——Ja—a— -' ./// 113
5% convertible debentures, due 1953
2,000,000
Pfd stock (no par) $6 div. series 12,438 shs.)
1,243,800
$5.50 dividend series (200 shares)
—
20,000
Common stock (10 cents par)
———66,989
Capital surplus
:
920,704
Earned surplus
228,034
$6 dividend pfd. stock purchased for retirem't
Dr4,918
For
,
the
largest
Minority Stock
with
13.6%
of
assets,
gross
further reduced during the quarter.
19.5% of gross
was
public utility common stocks were
companies 7.8%, building, equipment
6.9%, oil stocks 6.2%, and automobiles
Taken
as
assets,
peace
which
by
company
1
2659.
p.
largest
the
Buick's Post-War Plans Announced—
jurisdiction over the determination of
whether or not General Gas should be ordered to dissolve.
The Com¬
mission also directed that trustees of A.G.E. Corp. divest themselves
of their interest in
the reclassified common stock of Florida Power.
—V.
for
to include an enclosed railroad spur line and
vehicles. •' "/■•,'
is reported
docks
trustees
reserved
Commission
The
Accounts
357,000-square
depot
of South Carolina preferred,
1,950.1 shares, while
public holders of General Gas common will receive 460,759.2 shares or
53.76%
of Florida Power Corp. common and A,G.E. Corp. trustees
Electric
&
Gas
shares
122,029.9
receive
will
Associated
and
peace-time use
to
foot parts depot which less than a year ago was
turning out aircraft torpedoes, according to D. U. Bathrick, General
Sales Manager.
The service parts warehouses, said to have been built
in
1942 without
financial assistance from the Government, will be
fitted with over a mile of overhead conveyors, it was announced.
The
a
ment for dividends
preferred
\-' "v.: Vv
■/%
v.
•
reconverted
completely
has
Division
Pontiac
The
Gas
for
receive,
contractor's, plant to other
the
"The
k ;•'/ V'f
,v'-.<>
The plan provides for a compromise of the issue of subordination
of the interests of A.G.E. Corp. in the securities of, and claims against,
General Gas; to the interests of the public security holders of Gen¬
sidiaries':'.'/"
Navy, is designed
and reconversion
production
agreement was negotiated by the Bureau of Aeronautics under
authority of the Army-Navy joint termination regulation, and was
approved by the Office of Procurement and Material.
'
„■
/
"The Navy explained that by reaching an agreement now on matters
which Can be settled in advance, ultimate settlement of the contract,
whenever
termination occurs,
will be facilitated.
The arrangement
paves the way for prompt clearance of inventory ?md equipment from
the
company's five plants, and aids in conversion to civilian^ pro¬
duction. '
y
■///',';/'
v;,;: /V"/"-:v\'
"The
Navy
may
terminate the contracts with Eastern Aircraft
whenever It decides additional airplanes of the type being produced
there are no longer needed.
v. :•/;•;
"/. ;'•
"The Navy stated that the agreement does not necessarily indicate
likelihood of termination of its airplane contiacts in the near future.
It is now negotiating With other contractors for similar agreements to
facilitate eventual conversion to civilian production."
of
Commission.has approved a compromise
plan of reorganization of the corporation which was submitted by
the company and its parent, Denis J. Driscoll and Willard L. Thorp,
trustees of Associated Gas & Electric Corp.
The plan was designed in
part to settle all claims and equities which have been, or might be,
asserted on behalf of the public holders of the securities of General
.Gas by reason of alleged causes of action against Associated Gas Sc
Electric Co., the parent of A.G.E. Corp.
and certain of their sub¬
Liabilities—
the
airplanes,
$404,000,000 in undelivered
agreement, first of its kind to be executed by the
to facilitate settlement of terminated war contracts
The Securities and Exchange
457
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4407
162
chemical
a
companies
whole,
for
Statement
Income
June 30
Ended
Months
Six
1944
1943
1942
$29,418
$39,765
$34,118
1945
Income—
duction.
'
$32,878
Interest
..
plans include a reconversion, modernization and expansion pro¬
designed to equip Buick to produce its share of the industry's
allotment of automobiles this year and provide for post-war capacity
The
and renovation
and, accessories
319,789
$333,572
5,158
Dividends ,'
$283,880
$279,290
352,738
293,808
$349,207'
38,053
27,040
4,824
$259,387
"
319,771
—...
gram,
Inc.—Obituary—
General Mills,
He
.
was
Bank
of
25.
National
a member of the
also President and
Ford,
8.
Shirley
June
Minneapolis.—V.
Corp.
Motors
General
of directors,
board
director
162, p. 9.
Motors, on July 24 an¬
entirely new concept of industrial
through corporation plans for what will be known as the
Motors Technical Center. < This
will consist of a group of
research
General
Jr., Chairman of General
Sloan,
P.
what
nounced
believed
is
be
to
the
.
comprising the General) Motors Technical
around a central esplanade within which will
be a seven-acre lake which in itself fills a useful purpose in the opera¬
tions of the Center.
The buildings
will be of contemporary functional
architecture.
The Center will be erected on property 1V2 miles long
and
about half a
mile wide covering approximately 350 acres, just
outside of Detroit, Mich.
Construction will start as soon as complete
clearance on materials and labor can be obtained from proper Gov¬
looked
as
upon
'•
stated.
"This
its
more
at
order.
Thus,
not only
accelerate
to
of
use
materials
advanced
and
technological processes
discovered
'
over
processing
assurance
This
can make decisions
and with less loss of
was
The
public
many
The
administration
building
board
this
-
the regular
declared
Ink Corp.—Acquisition—
have been signed for the acquisition
assets of A. C. Horn Co., subject to the
approval.
A. C. Horn makes paints, varnishes
usual
audits
and
SEC
material.—V.
maintenance
and
a
General Public Service
frontage of approximately
Dec.
1944
31,
of
assets
have
will
frontage of
a
levels
with
the
car struc¬
Account
for
in
the
in
group
and will house all the facilities now located in the
building adjoining the General Motors building
Laboratories
Dqtroit.
The Detroit building will be taken over by other units of
as quickly as the Research group is establishehd in the
the corporation
Technical
new
The
this
50
with
by
70
Center.
30, 1945 was
other taxes of
Months Ended June 30
6
a
will
Process
turing
The
Development
building
will
improvements
in
its present Proving Ground
be
plans''
•
sion
of
__
_
Balance
Press
dispatch
from
Washington
$80,495
21,296
24,874
24,428
$59,199
$67,168
$40,840
-1,388
1,048
'
$66,120
$57,811
$37,483
int. and taxes pay¬
able
under
debenture
July
12
stated:
it had signed with the Eastern Aircraft Divi¬
Motors Corp. a pre-termination agreement covering
1944
$1,217,774
'■
.
..
July 14
1945
$44,100
$37,950
___
353.
1944
1945
<»
^
$1,246,569
;
'
Co. (& Subs.)—Earnings—
1945
operations
from
1944
1943
$7,616,651
$6,846,427
$5,225,913
164,339
134,649
5,627,706
4,890,637
137,502
^
3,530,072
$1,824,607
$6.48
$1,821,141
$6.47
$1,558,339
$5.54
-
Depreciation
_
inc.,
domestic
and
Foreign
excess
profits and U. S. cap. stk. taxes.
period-.
income for
Net
Amt.
earned
pref. stock..
earned per sh. of
Amt.
per
$0.56
$0.42
months ended June 30, 1945, is subject
$0.56
stk.—
sh. of com.
Note—Net income for the
six
not expected that renegotiation will
income as reported, if at all.
The report states:
"At the outbreak of the
facilities for transferring, foreign funds seemed
is
it
contracts. How¬
materially affect the
it arises from Government
renegotiation, so far as
to
ever,
European wat, when
doubtful, the practice
consolidated basis was changed, and earn¬
ings were reported only to the extent realized in U. S. dollars.
With
the end of war in Europe the earnings of the English and Western
Hemisphere companies are again reported on a consolidated basis.
The
earnings
are
after reserves for full taxes, including United
States taxes at current rates, on all foreign earnings, even though
some
of these earnings may be left in these subsidiaries for post-war
requirements and for other considerations."—V. 161, p. 2219.
reporting earnings on a
of
Harvester Corp.—Earnings—
Gleaner
1944
1945
Ended June 30—
profit after charges and taxes.....
per share on common..—
—V. 161, P. 2219..
'
Gotham Hosiery Co.,
$443,311
—$1.48
■
Inc. (&
7'
'
$326,133
$1.09
.
Subs.)—Earnings—
1944
1943
1942
"$238,098
t$329,855
$391,896
Earns, per
$0.46
$0.68
$0.79
"After a provision of $230,142 for U. S. and Canadian taxes on in¬
come in
1945 and $123,020 in 1944, also in 1944 after deducting $100,440
fcr depreciation and amortization and $28,515 for funded debt
charges.
1 After deducting $99,005 for depreciation; $25,851 for funded
debt charges, and provision of $68,701 for Canadian subsidiary income
and excess profits taxes.
No provision was required for U. S, taxes
on
income in 1943 as allowable deductions, including losses on sale of
plants, were sufficient to offset taxable income.
Note—The net profit for the six monts ended June 30, 1945 included
a net amount of $66,000 for a recovery as a result of litigation, in re¬
spect of infringement of a patent owned by the company.—V. 161,
1945
profit—. % "$322,735
com. share..
$0.80
6 Mos. End.
Net
p.
June 30—
operating
986.
Graham-Paige Motors
Corp.—Frazer Named President
on July 25 assumed the
of officers preparing the
W. Frazer, Chairman of the board,
Presidency of the company in a realignment
Joseph
for re-entry into the automobile business.
company's car—to be sold in the "pre-war medium price range"
known as the "Frazer," it was announced.
A tractor, to be
company
The
produced at Warren, O.,
-
V-. V
;
51,266
51,230
61,024
60,927
$16,157
$6,581
$5,095
Dr$23,444
Frazer
Mr.
income
_
Comparative Balance Sheet
June 30, '45
$3,902,574
Assets—
stock
■
——294,050
stocks
Preferred
Dec.
31, '44
$3,722,888
309,044
120,657
U.
S.
banks
in
deposits
Special
Office
securities—
and on hand—————.
Government
—''—-
—
100,000
104,224
2,800
100,000
127,915
securities sold——75,795
and accrued interest receivable
9,153
3,047
1,028
1,028
receivable
equipment
for
(less allowance
for deprec.)_
5,902
j
^
the Reconstruction Finance Cor¬
the board of directors.
)
Vice-Presidents who will guide the
Detroit company's auto manufacturing and sales program.
They are
Vern R. Drum,
appointed Vice-President and General Manager, and
W.
A.
MacDonald, named Vice-President in charge of sales.
Mr.
—
—
$4,489,623
Drum
former official of
a
has
been
Vice-President of the Warren
City
President of the Hupp Motor Car Co.
Vice-President in charge of manufacturing at
WiHys-Overiand Motors. Mr. MacDonald formerly war Vice-President
nf
Hunmobile and was later assistant to Mr. Frazer when the latter
was
President of Willys-Overland.
Mr. MacDonald has also been a
a
snhsidiarv
and
had
and
was
also served
Vice-PresideSi
The
$4,390,479
Hodgson,
poration, will remain a member of
The directors
also elected two
vJnn
Totdl
will also be known as the "Frazer." .
J. Hodgson, President of Graham-Paige since
accepted by the board of directors at a
was
special meeting.
Mr.
Net
succeeds R.
whose resignation
1942,
announced
General
revenues
162.
Jan. 1 to
Week End. July 14
v;
p.
3,357
$77,422
i—
Balance
Deb.
Dividends
on
total, $16,245,490.—
—will be
Cash
'
Pre-termination Agreement—•
Associated
share, $2,260,750; common
Georgia & Florida RR.—Earnings—
$65,268
1,729
expenses
Accounts
Navy
112
$92,042
26,430
Total
Common
at Milford
Mich.-
"The
2,488
3,825
_
__
-
i'-'; ;V ';'i
v.
indenture
affected by other developments in the same area in the future.
In addition to the new Center the corporation also announced
An
4,877
887
1,151
lapsed op-
tions
General
.5,524
7,784
$79,151
from
Rev.
processes and
divisions in perfecting production processes.
Center is set up as a self-contained unit so that it will not
for extensive
$54,755
5,833
415
5,884 fi
7,199
_
_
provide
study and development of production
the
$77,537
$71,709
$95,581
Interest
complete facilities
techniques
and the practical application of new techniques to actual production.
Process Development in a sense rounds out the General Motors cycle
of research, engineering and design, since it will dirctly aid manufac¬
The
1942
-r."A-
■/'
$83,406
divs.—
stock
Taxable
design full-scale models of all projects under development.
for
1943
1944
on
Taxes
building will have a frontage of approximately
maximum width of about 250 feet.
The main floor of
be divided into individual design studios measuring
feet, each of which will be fully equipped with facilities to
building
'*
Earnings
Section
Styling
850 feet
divs.
stocks
feet of space for the engineering and drafting facilities of the
various products studies groups.
"/
/ /
The Research Laboratories building will be one of the largest build¬
ings
Cash
Income:
square
Research
per
$9,478,350;
"
surplus,
$1,602,440;
2108.
due for securities
June
1945
feet facing the lake.
There will be
floor providing approximately 80,000
680
upper
P.
9 Months
Corp.—Quarterly Report—
on
'■
floor
series), stated value $25
par),
($1
161,
2444.
$1.04.
was
Income
Engineering building will provide facilities for special
product studies such as: Car development, car suspension,
tures, transmission development and engine development.
It
p.
$4,889,063, after
allowance
for Federal
income and
$121,000 on the
unrealized net appreciation of investments.
After deducting $2,000,000
debentures, the balance of assets was equal to $229.51 per share of
preferred stock on June 30, 1945.
After a further deduction of the
preferred stock at $100 per share and $433,711 of undeclared cumula¬
tive
dividends
on
the
preferred stock, the remaining assets were
equal to $1.79 per share of common stock on that date.
The asset
value for the common stock on March 31,
1945 was $1.24 and on
value
market
The
products and
1,200 persons.
two
V.
securities
for
Net
provide ample space for exhibiting General Motors
will incorporate an auditorium with a seating capacity
Advanced
161,
experience that it cannot offer
have
stock
$14,836; /due
etc.,
due
taxes, etc., $16,803;
expenses,
dividend
stock
of the
corporation
for
The
1945.
also
is understood that contracts
It
by
Rounding out this development back¬
will
1. The company has
$1,700,000 for a portion
"A" stock, the balance
General Printing
their activities with greater
will
feet,
for
$49,200;
cash,
against
reserves
Gillette Safety Razor
quarterly dividend of $1.50 per
share on the preferred stock, payable Aug. 15 to holders of record
as of
Aug. 1, 1945; also a quarterly dividend of $1.50 per share on
the preferred stock, payable November 15 to holders of record as of
Nov. 1, 1945—V. 161, p. 2218.
minds."
and
The
1,000
for
securities
purchased, $60,674;
purchased
when issued, $104,438; bank loans due March 31, 1946, interest 2%
per
annum,
$2,650,000; preferred stock, no par value: authorized—
100,000 shares $6 cumulative convertible preferred stock
(optional
payable,
Liabilities—Dividends
loaned
)%///:•
from
1.
Aug.
The
ground is the General Motors Institute at Flint, Mich., whose function
is to train certain future General Motors employees in the use of their
hands
of
as
new
Phoenix, Ariz., and Miami, Fla.
class
.
S. Government
securities. $14,923,572; receivable for securities sold, $27,290; dividends and interest
receivable, $75,638; receivable for securities sold when issued, $70,749;
special deposits for dividends, etc. (contra), $14,836, total, $16,245,490.
—V.
the company's cash resources.
directors
declared the regular quarterly dividend of $1 per
on
the class "A" stock, payable Aug, 15 to holders of record
share
and better things through the process of
wishing.
For this reason, each of its many divisions has its own
product research and engineering departments.
These are supple¬
mented
by
a
central Research Laboratory.
Advanced Engineering
Section, Styling Section and Process Development Section.
In addition
to these central facilities we
have proving ground at Milford, Mich.,
the
to
Sheet June . 30, 1945
Balance
$307,712/
272,189
;
banks, $333,406; investments in U.
cost, $800,000;
investments in other
Operating
18 authorized the redemption on Oct. 1 of all
"A", stock at the redemption price of $60
July
on
provided
being
time.
through more than 30 years of practical
directors
outstanding
'
272,189
alphabetical
possible.
as
share and accrued dividend to October
arranged a serial term loan of approximately
of the amount
required to redeem the class
who
Research,
of
it
per
by Charles F. Kettering, Vice-President
said:
"General Motors has found
also
brought out
Director
and
affecting
reasons
Advertising Co., Inc.—Arranges New
Term Loan—To Redeem Class A Stock—Declares Two
Preferred Dividends— * *'
•
♦,
,
^
the
more
a
36,414
4,483
6,506
in
6 Months Ended June 30—
the corporation. This regrouping of facilities will
rapid interchange of ideas among the technical
personnel of the corporation.
C. E. Wilson, President, emphasized the fact that the new Technical
Center would not in any way change the. General Motors concept of
divisional responsibility for each division's own product engineering.
He stressed that the activities- being moved to the Technical Center
had no
direct product responsibility for any
of the products being
produced in the manufacturing divisions.
He pointed out that the
Center will be purely a technical
fact-finding and experimental de¬
velopment activity.
However, he said, by a ciose liaison between the
Technical Center and the manufacturing division, executives of the
divisions
who have
the responsibility for product development and
for
$386,856
38,247
•
37,678
30,000
272,198...
272,060
__
•
Assets—Cash
securities—at
Profit
opment facilities of
provide
not always
alphabetical
mechanical
General Outdoor
the years.
The end objective is more and better
things at lower prices, thus expanding job opportunities and contrib¬
uting to an advancing standard of living."
As outlined by General Motors executives, the GM Technical Center
will bring together at one place,
and at a location physically closer
to the manufacturing divisions, the I research and experimental devel¬
developed
.;/;"'■/
v.
the development of new
products through the utilization of new inventions as well as the appli¬
cation to the art of metal fabrication of scientific knowledge through
and
is
position
expand,
facilities.—V.
to arrange companies in exact
However, they are always as near
NOTE-—For
research, engineering and development activities.
And
progressively pursue its prewar policy of continual product
to
provide production
to
steel.
1945
than
162, p. 247.
income —
Net
Preferred dividends
Period—• "
possible
Motors
26,500
'//./ <'•/•■:•/■
represents long-considered plans of
the right time and on a broad scale,
improvment.
the
a
industry's ability
by
peacetime
even
with
•—
Center
Technical
new
General
declared:
further
Sloan
Mr.
It should
progress," Mr. Sloan
'
will be substantial.
investment in industrial
an
period
possible
present favorable in view of the material situation, particularly
He
expressed the belief that volume during the remainder of
will be controlled largely by the availability of materials rather
.
the cost of such a project
"Naturally,
be
chief executive
and
Motors
shortest
taneously
be grouped
agencies.
ernment
w
37,111
expenses
Taxes-
for
heavy volume of war work, Buick's output of air¬
plane
engines and other military items continuing, under present
government schedues, at a substantial rate.
'
He said it is
"quite possible" that new Buick cars will roll from
the assembly lines within 90 days, after the War Production Board's
release
of materials on
July 1,
although this prospect is not at
buildings
various
will
$352,649
——
Interest
they provide
.
which will provide facilities to meet tomorrow's needs for
corporation's research, advanced engineering, styling and process
development sections of its general staff activities.
the
The
planning looking
of Buick, will be concentrated in
and will give Buick the most modern
factories and Buick employees the most desirable post-war working
conditions
at
present obtainable.
The first phase, reconversion to
initial car production, is being effected rapidly, he said, and Buick
will be among the first to ship new cars to dealers this Fall.
Mr. Curtice said that automobile output will be carried on simul¬
General
an
buildings
.Center
General
post-war
economy,
feet of new factories,
at Flint, Mich., the re-establishment of war disrupted manufacturing
processes, new engineering and
research facilities and the substan¬
tially increased post-war capacity.
The
program,
according to Harlow H. Curtice, Vice-President of
Center—
!Alfred
,
A
income
building construction aggregating 1,325,000 square
Erect Large Research
To
—
of-upwards of 550,000 cars annually..
~
Authorized as part of corporation-wide
to maximum contribution to the national
died on
of the Northwestern
Total
board
fnr
former
as
Graham-Paige
of the
of' directors
manv
years
a
subsidiary in Warren, Ohio
the resignation of W. L.
also announced
Vice-President of the company.
j
.
*
'j
Operating revenues..
Operation
,
Maintenance
I
corporation—Kaiser-Frazer Corp.—to manu¬
facture and market a new lightweight low-priced automobile..
The new corporation will be owned jointly by the Kaiser interests
and
Graham-Paige Motors Corp.
Authorized capitalization will be
5,000,000 shares at a value of $1 per share.
The Kaiser-Frazer Corp. will produce on the Pacific Coast a full-
the
formation
of
new
a
Taxes
Net
will
Kaiser
Mr.
serve
Chairman of the board
as
Corp. and Mr. Frazer will be
of the new Kaiser-Frazer
Frazer
'
Directors
2,917
$9,731
• 2,917
$123,916
*
35,000
$7,670
$6,814
$88,916
•
Gross income.-——.
Interest charges
—'
■'
...
of the Kaiser-
board and
They are
Corp., New
Thacher &
Bartlett, New York; Walter Beinecke, President of John C. Paige &
Co..
Inc., New York, and E. E. Trefethen, Jr., and George G. Sher¬
wood, of the Kaiser organization, and Robert L. Bridges, of the legal
firm
of Thelen, Marrin, Johnson & Bridges, San Francisco.—V. 162,
accrls..
Retirement res.
President and General Manager.
Corp., in addition to Mr. Kaiser
include members of the Graham-Paige
associates
of Mr. Kaiser in his West Coast industries.
L.
Boyd Hatch,
Executive Vice-President of the Atlas
York;
Oswald
L. Johnston, of the firm
of Simpson
:t 'X
44
534
$76,659
54,054
declared
Dividends
...
—,
285,511
$480,135
384,911
$78,878
after
$95,228
$364,389
charges
Taxes—
'919,286
Net
$3,080,000
$2,567,000
676,527
income—
413,164
903,918
536,423
756,787
548,022
18,573,000
3,979,888
4
income—
p. 9.
2,465,733
2,651,217
oper.
ry.
—V:
162,
Ended June 30—
sales
Federal
224,261
■„«
__
,——.
profit
Net
134.
Immediate
.
$328,650
,
$0.73
j
,
,
•
Inc.—New President—
the
20,
'
'
2197.
P.
'
1
35,733
!___
$416,945
$389,676
$775,220
$752,727
76,272
104,076
78,676
149.875
155,653
72,148
1.92,940
164,709
$236,597
$238,852
$432,404
$432,365
$0.51
$0.52
$0.94
$0.94
1944
$225,031
.
S.
recently
Bruen's
Net
on
all
after
inc.
Int.
chgs.
and
24,062
421,592
taxes
income.
609,971
on
765,697
sales
'
and
1,195,953
$1,999,054
divs.
divs.
Common
paid...
paid....
Common
shares
Earnings
per
162,
p.
$1,025,348
177,053
253,937
1,016,961
$1,152,05.7
profit
106,255
issued, "
253,937
1,016,961
share
com.
$1.03
$1,868,762
337,717
212,505
507,875
1,016,961
$1.76
$0.83
'
'
'
v
Net
■
506,818
1,016,961
$1.50
redemption
on
,
-
]
Consolicy.ted Income Statement, Six Months Ended April 30, 1945
sales
Cost of
General
and
;
administrative
__
credit
of
•
.
from
Other
income
Gross
"...
of
for
California
in
investment
expense,
Provision
$77 939
6 062
!___
income
Amortization
Interest
.2
IIIII
operations
discounts
Federal
franchise
allowed,
income
$84 001
4!oo2
subsidiary
and
etc.
'
$261,485;
profits taxes
$131,232;
income
to
Earned surplus
surplus
at Nov. 1,
$34 553
1944.—2"
Federal
(per
$227,493
taxes
j
—series
Consolidated Balance Sheet, April 30, 1945
E,
on hand and on deposit, $59,175; U, S. savings bond
$3,199; trade accounts receivable (after reserve of $11,000),
$345,638; war contract termination claims, $33,113; inventories, $412,52Of claim for refund based on carry-back provisions of the Federal
Income tax laws—estimated, $148,600; other assets, $34,659; property,
(after reserves for depreciation and amortization
$402,124), $311,256; intangibles, $4,004; deferred charges, $64,806;
$1,384,969.
-
plant and equipment
Operating expenses
Operating
$5,532,054
,344,854
852,331
4.463,545
,204.501
2661.
p.
Central RR.
has announced
company
that
has purchased
it
operating
expenses
14.376,737
accruals..
4,721,575
Railway
tax
363,893
391,816
1,9*3,543
2,351,464
income
2,431.111
2,403,490
15,497,295
16,167,691
Net
ry.
oper.
income.
Other
116.547
——
"After
4,264
29,972
30,721
6,151,291
6,514,053
1,518.293
Income
•Net
for
providing
1,424.034
10,056,694
10,264,59.7
31—
.
-
<
1,318,220
1.224,988
15,154,152
•
*
from
rev.
'y.0 '
1945—Month—1944
«
-'
1944
transp.
1945—5 Mos.—1944
v
2,453
.
from
'
"$174,905"
opers.
from
re,v.__
10.
p.
'
$243,274
•'
■
208,504
700,564
$85,378
"r
-
President
of
the real
9,935
1
..
.y
878,268
$132,771
■
:/■..,
*
estate
:
$785,942 ' $1,011,039
$34,770
'.
Felt.
12,165
154,207
Home Title Guaranty Co.—New
$1,001,105
$773,777
$20,699
revenue
-
'
2,047
•
'
Deductions
Mr.
the
;•
Felt,
New
President
>
61,117
.
,.,
111,191'
•
vj i
115,392
■:./■"
■
firm
of James Felt <5c Co.,
-i
.
a
_
Governor
York
of
of
Building
Council and
of
the
Real
Estate Board
of
.v
New York
-
and'of
the Tenants Relocation
Bureau, Inc.,
to which the Metro-
".■//
in reserve .for
'
"
.<
$96,128
$180,645
11,371
9,206
contingencies...^../-
per
1
—
$105,334
$192,016'
100,940 v 100,940'
share_J_______---_-—$1.04 •
$1.99'
expenses on post-war products eincluded under incomes
161, p. 1881. ■.
■
/ '' ;
'/;■ .
^
.
.
"
-
'
:
//.'•*.
:
Indemnity Insurance Co.
.
•*:
■" -V; /.••';
•
•:
of North America—Broadens:
V—
Air Travel Rider—
Travel Rider for attachment to all full cover
commercial accident policies, is announced by this company.
The
change became effective July 20. 1945.
"The-new rider retno'ves the
'300 miles over water' restriction and extends the coverage to protect;
the insured while traveling anywhere in the world as a passenger in an
aircraft operated by a passenger airline on a scheduled-trip over its
established route," announced W_E. Kipp, Assistant Secretary. / "Thecoverage will apply to all policies issued, even though the rider has; not.
been attached." he explained. • Announced as "an experiment which;
may need revision later," Hhe new coverage, is effective until Jan..4„
1947, unless officially continued beyond that date by this company. <
Broadening
of the Air
Foreign Travel Accident
The
medical
company
coverage
may
be
abroad,
Policy Also Broadened— ■ *
of $25 blanket,
has also announced the inclusion
with each $1,000 principal sum on
Accident Insurance policies,
}/
Congress, is also a director, of the Citizens
the National Committee on Housing.
He is
32,465
'
outstanding
Earnings
"Effective Aug.
Director-
reduction
in reserve for
income
Net
Shares
■
$221,113
8,009
-
'j
1,597,663
1,698,142
$241,228
$172,452
transp.
than
'
,333,503
340,758 /
.
rev.
Housing
$397,622
60.665
.
.
Net,- income before
contingencies
•Reduction
♦Equal to
charges.—V.
1943
$574,730" $2,471,919"* $2,598,768
$513,210
transp.
from
rev.
other
-
: ^
(including,-/
2,959,319
$278,240
contingencies
>
Ltd.—Earnings—
1945
—
Operation expenses
James
S3,356.941
profit, from operations™;.*;.—i
$106,384
(net)
10,256
for Federal income taxes and reserve "• '/'"
for
Transit Co., Ltd.—Earnings—
Honolulu Rapid
162,
general expenses
contingent compensation reserve)
.
^
'
-
,
Period End. May 31—
—V.
>
.,,
1944 i
:
$3,956,261
3,678,021
——--
Selling expenses
Administration and
Net
$1,093,355 $1,156,019 $1,816,473
Number of capital shares.
—
4,920,000 - 4,920,000 « 4,920,000
Earnings per share.
—Z
'
$0.22
,$0.23
$0.37
"After charges and taxes.—V. 160, p. 118.--r
; ;•
Net
taxes.—
\
,
.1945
,
profits
Gross
9,002,883
721.537
•
\r
*
profit
Net
goods sold—
share.
common
•
Net
1
*
Provision
1,339,748
8,473,896
-
IloUinger Consolidated Gold Mines,
Revi.
Subs.)—Earnings—
Income charges
$5,967,826 $6,703,146
721,537 "
721,537$8.51
$7.69
$8.7.1For the/three months ended May 31, T945, neb.profit-was $2,350,131,
.or -^3.06
per share, compared with $1,948,564, or $2.51 per share, for
the like period of 1944.—V.
161, p. 1772.
per
outstanding-*..^-.-
shares
"Net
profits
excess
„
of
Cost
' $6,564,038
profit
.
and
V. 162, p. 10.
/ -Nine Months Ended June 30ts~«-
1945
: , : 1944 •— ■ 1943 h $22,943,178 $15,759,942 $17,045,777
-
income
;
income
Federal
gales
from- Blyth '&
The
641,689
740,662
93 211
1,068,403
::
4,366
.,
charges
Fixed
•
1,024,999
deductions
Miscell.
Walker-Gooderham & Worts, Ltd.—Earnings—
Depreciation, interest, etc. ___.
i.
Income and excess profits taxes_^_
•
-iV
Equip. & jt, facil. rents
.(net Dr)
property provides
complete manufacturing facilities
with
planing mill, dry kilns, logging facilities and railroad and has an
annual capacity of 60 million board feet.—Vr 157; p. 1459.
— • —/
Net
$.
operating. revenues
acquired
Total
1945—6 Mos.- —1944
X
21,016,889 128,767,893 127, 409,341
13,770,749
83,101,750 81, 521,179
4,450,834
28,220,205 27, 369,007
21,893,316
Pv.
Lumber Co. of West Fir," Ore.
Fir
assets of the West
all the
Co.
-Earnings of System-
1945—Month—1944
Ry.
bank, $372,563; accounts payable, $181,659:accruals, $7,476; Federal taxes on income—estimated,
$60,779;
reserves
for postwar conversions and adjustments,
$35,000; common
stock,., (par $1), $500,000; earned surplus, $227,493, total, $1,384,970.
'
$1,049,P95
/ ;'•«./" A
—
-
;
37,301,588
10,311,187
$1,062,241
income
Period End. June 3C—
tors.
.
$52,957,629
871,851
Illinois
$25,677,315;
Inc.. New York City, has been elected a member of the board of dir,ec-
r-V,..}61, p. 135.
161,
O
$11,579,895 $10,832,894 $56,280,224
8,488,385
7,611.165 39,337,822
2,029,269
2,171,733 11,360,348
income
—V.
total,
Liabilities—Notes payable to
____
taxes
operating
Net
Net
$12,035,629;
*
/ Assets—Cash
rev.
oper.
Oper. revenues
$3,931,625; accrued accounts, $1,672,$1,237,011; preferred dividend,
(est.),
$15,570,889; advances and accounts
192,940
;
Uncollectible
payable,
contra),
•
,
1945—Month—1944
1945—5 Mos.—1944 V
$11,596,066 $10,849,551 $56,363,860 $53,040,33(5
16,171
16,657
83,636 ;
82,707
IUinois Zinc Co. (&
1
'
Telephone Co.—Earnings—
1045
-
at April 30, 1945
of
for hotels, clubs, schools
and frozen foods
161, p. 2447.
goods
canned
fish,
Operating revenues.:
1,316.710
(Edward) Hines Lumber Co.—Acquisition—
a
*
Earned surplus
Corp.—Acquires 2 Concerns
tvio
a
Period End. May 31—
deferred credits, $24,217; reserve
insurance
(including $151,076 est, liability on claims); $1,289,717;
pension
reserve,
$5,064,852;
reserve
for .contingencies,;. $1,273,230;
miscellaneous reserves, $112,857; 6% cumulative preferred stock (par
$100), $9,619,400; common stock (1,355.668 shares, no par), $16,945,850; capital surplus, $14,112,456; earned surplus, $20,525,785; treasury
stock
(8,706 shares preferred and 38,958 shares common), at cost,V
DrS 1,577,475; total, $91,969,717.—V. 162, p. 135.
V' 29,489
.
some
for
devote
Illinois Bell
for
Gross
Net
in
as
and similar Institutions.—V.
deposits for returnable containers.
payable
'*
and
well
as
freezing foods, will add further diversification to the
of products.
Under the new operation the Boston plant
large portion of Its activity to the freezing process.
Batchelder & Snyder specializes in packing and distributing vege¬
$91,969,717.
total,
Liabilities—Accounts
442;
15,957
excess
tax—estimated--.;...
corporation
Mountain
Rocky
Hygrade list
will
supplies, ar.d work
in process, $6,119,703;
finished products,'•$5,843,143; cash and reim¬
bursable items /per contrai, $12,035,629;'postwar U. S. tax credits and
refund
bonds, $5,369,013r miscellaneous assets, $102,128; plant and
property, at cost (after reserve for depreciation and amortization of
$36,867,252), ,$17,283,425;
good
will,
$5,000,000;
deferred charges,
materials,
$8,497,202;
(net),
receivable
6 Months Ended June 30—
Profit
and a group associated with
total of seven have been elected to
a
-
,
license
Eye
post-war
1943.
$2,141,182
Consolidated Balance Sheet, June 30,
.
accounts
,
214,947
__
$2.00
in 1943.
tAfter deducting
$825,987 in 1945, $482,893 in 1944 and $964,730 in
1944 and
in
.
;
Assets—Cash, $5,780,674; U. S. Government securities,
A
1,300,502
...
expenses.,
-
directors out of
new
and Atlantic Meat Co., of Newark, N. J.
X'vr/
Slotkin, President of Hygrade, said that' the acquisitoin of
the Boston firm, which includes the transfer tc Hygrade of the Birds
$1.86
and amortization of $2,297,763 in 1945,
—
share..
"After deducting depreciation
$1,975,788
1,316,710
$1.46
1,316,710
Earnings per common
$1,593,387
,——
products sold
—„r—
dividends
Earnings
Harvill Corp. (& Sub.)—Earnings—
Angeles—Acquisition-
Boston,
,
$2,716,789
262,464
$2,182,174
262,464
$2,898,767"
i 262,464
dividends
Common
567.
14,811,783
.
______________
9 Months Ended May
Sept. 1, next, $105,000
of 30-year 3>/4%
debentures due Sept. 1; 1971, at 106 and interest.
Payment will be made out of sinking fund moneys at The First
National Bank of Boston, trustee, 45 Milk Street. Boston. Mass.. or at
the Hartford National Bank & Trust Co., Hartford, Conn.—V.
161,
for
7,335,781
7,238,406
13,819,927
6,373,965
12,605,545
529,739
Zinc
Lead
Copper
The corporation on July 23 announced the outright purchase of
General Foods Corp. subsidiaries, Batchelder & Snyder Co., Inc.,
$11,805,321
„_
earnings
Common
Light Co.—Partial Redemption—
called
279,089
Ilygrade Foodi Products
:
,
Canada and England)
contingencies
for
Hiram
has
company
13,278
23,550
-.;!{■
$0.85
operating
income
Preferred
135.
Hartford Electric
The
Four
tables.
The
Net
Preferred
Silver
Pounds
Pounds
Pounds
Ounces
Gold
*
*
specializes in canned peas andl
varieties of frozen foods.
It has four
plants in Utah ar.d is one of the largest processors in the State. Frank
Gimlin will continue as General Manager.—V. 161, P- 2447.
;
'
$8,040,513 $13,527,546
200,000 — 200,000
800,000
Miscellaneous deductions
10,647
12,876
11,388
U. S. capital stock taxes—
— 117,188
159,375
185,313
Normal and surtax
1,095,640
1,103,508
1.102,937
tFederal excess profits tax
7,433,884
4,346,034
8,682,572
Foreign income & exc. profits taxes
49,195
36,546
28,497
Total
Provis'on
.
907,1'48
912,040
'
of
//;'
Metals Sold
Rocky Mountain -corporation,
the
of
the board.
1945
1944 r X
1943 2*i
revenues—$56,590,752 $52,096,331 $61,137,960
"Profit from operations—
11,675,956
7,895,170 13,421,179
Other income
129,365
145,343
106,367
1945—6 Mos.—1944
$3,726,478
$4,016,769
49,687
44,907
$2,326,466
24,426
495,209
781,483
$2,207,682
debt
depletion.
long-term
Deprec.
and Republic
161, p. 1881.
dent
$270,391
$221,808 '
-
(Including subsidiaries in
Co.—Earnings—
1945—3 Mos.—1944
Canada
of
•,
.
Ounces
quar., 1945
Yr. to date, 1945
him.
*
6 Months Ended June 30—
"Net
appointed Truseee.—V. 160, p. 2295.
Period End. June 30—
Dominoin
Federal,
Samuel
instituted
(M. A.) Ilanna
S.
corporation announces the acquisition of stock in the Rocky
Mountain'Packing Corp., one of the largest independent canning con¬
cerns in Utah.
The stock was acquired from Harold B. Fabian, Presi¬
and
Hercules Powder Co., Inc.—
i
U.
for
The
1942 —
1943
1945
$254,747
1772.
161, p.
—V.
"
,
profit-sharing program.
Under the terms of the Trust 5%
of the consolidated net earnings
of the company and its subsidiaries, before taxes, are contributed each
year to the Trust fund.
Every employee of the company with over
one
year, of
service participates in the profits of the company on
exactly the same basis regardless of occupation or position.
Employees
with one to five years of service have their participation based upon
100"c of their annual earnings, and employees with five or more years
of service share in the fund on the basis of 150%
of their earnings.
Employees are given a vested interest in their share of the profits as
soon as the funds are paid to the Trustee and nothing, including resig¬
nation, discharge, permanent disability or death can alter or change
;their rights to funds so deposited.
" Money contributed to the Profit Sharing Trust by the company is
invested entirely in Government securities.
No withdrawals from the
Trust are permitted until an employee completes 10 years of partici¬
pation in the Trust and thereafter the employee withdraws his equity
at the rate of one-tenth per year.
;
Y:\ JA
Trust
Committee of three Gruen employees,
A. T. Reis, A. C.
Benzinger and Dale Miers, has been appointed to direct the operation
of the fund.
The Fifth-Third Union Trust Co. of Cincinnati has been
of
34,633
income taxes.
tomatoes,
$0.70
$0.67
$0.66':
''After all charges and provision for Federal income taxes.
.
;
Co.—Profit Sharing Program—
*
Katz, President, on July 24 made public the details
Benjamin
•
20,071
Hunt Foods, Inc., Los
New York, N. -Y.-v•••>
redemption price, together with ac-
full
1945,
6 Mos. End. June 30—
*
Co.—Interest Payment—
Gruen Watch
Net
17,637
Stock—
&
—v.
$716,989
income..
2nd
.
.
,
is
159,
'"
•
30 Pine St.,
of
to Aug,
,*Net income
Earns, per shr. on com.
,
announced that funds have been available at the Continental
Trust Co.. 30 Broad Street, New York, N. Y., for more than
to make payment of certain unpresented coupons due Nov. 1,
1938, and May 1, 1939, on the 6V2% sinking fund gold debentures and
that unless holders of said coupons shall present
them for payment
before Aug. 15. 1945, such funds will be returned to the company.
r:
f
On and after Aug. 15, 1945, the holders of said unpresented coupons
Will be entitled to look only to the company for payment thereof.—
p.
in excess of
<Walter E.) Heller & Co. (& Subs.)—Earnings—
years
Fed.
$740,587
■
10.
p.
payment
dividends
Harwell,
(Albert M.) Greenfield &
of
$369,605
.r- r
will be made upon presentation
surrender of said stock certificates.—V. 162, p. 354.
i
<
.
V.
2,525,154
$399,308
,
1944.
that backlogs are still
reports
company
crued
-
President of Miller Marine Decking, Inc., has been
of Great
American Industries,
Inc., to succeed
who has retired from active service but will be
available for consultation it is announced.—V. 161, p. 2332.
It
$3,242,144
2,341,595
,
has called for redemption on Aug.#20. next, all of its
outstanding shares of 4'/*% cumulative preferred stock at $105 per
share and accrued dividends.
Payment will be made at the office of
The
President
W.
Harold
six
$1,556,036
1,186,431
$3,082,183
1,192,830
______
income
Mexico
Horton,
Ralph
elected
Bank
1,575,382
metals
income
/. The
$515,803
;
Great American Industries,
162,
Goldman, Sachs & Co.,
'V.-// $1.14
———-
162,' p.
available.—V.
"Not
A
1,591,063
costs
"Provision
-
*1,357,650 J
-
—
share
common
share
ended June 30,
a
12 months
Clark,
(The) Ilecht Co.—Calls 4y4% Preferred
,
Earnings per
cents
75
or
President,
W.
$0.11
>
V.
;■:
1944
$18,507,552 $15,8/6,528
1,873,453)
*
profits taxes—__
and excess
income
13,948,000
2,961,842
1,648,057
1S45
»
———
income
Net
$658,175
share for the
R.
a
(of Calif.)—Earnings—
Grayson Shops, Inc.
•.-9 Months
Gross
17,523,000
5,488,649
3,539,630
17,857,000
railway——
railway-
from
from
of
12 months ended June
$10,000,000.—V.
1—
Jan.
From
Net
$2,984,000
589,954
338.683
__
$229,825
$0.26
30, 1945 company reports a net profit
compared with $760,874 or 87 cents
$0.09
the
For
$3,098,000
railway..
oper.
ry.
,
746,160
etc.
Depreciatijn
'"Taxes
'
1943'
$1,149,111
1944
1945
3 Months Ended June 30—
Profit
Total
Corp.—Earnings—
Hayes Manufacturing
'
1942
railway——
from
Gross
$4,817,523
819,526
of
Miscellaneous
Earnings
1943
1944
1945
from
Net
$4,673,246
•Earns, per com. share..
June—
Net
$2,302,196
Operating profit
'v —V. 162, p," 135.'.
1945—6 Mos.—1944
3945—3 Mos.—1944
con¬
sold
Operating
Profit
'
566
value
Net
,
$2,411,665
smelt,,
refining,
verting,
.'
2047.
$1,592,139
Marketing,
$77,193
:
,
151, p.
above.—V.
Corp.,
-Earnings—
Period End. June 30—
'
$112,193
35,000
$88,349
66,339
21
■
$6,793
$7,626
-
'
Net
Ink
-
income
Net
Western RR. —Earnings—
Grand Trunk
Gross
Printing
Howe Sound Co.-
247.
p.
General
See
.
$114,526 , $106,913
9,389 ;./.■' 5,281
/
;
;
(A. C.) Horn Co.—Assets Acquired—
.Gross value of metal sold
Frazer,
Mr.
and
■
31,432
106,131
$10,587
Balance
.
•
29,451
116,318
ton.—V. 162, p. 248.
$649,766
405,290
$8,931
799
(net)
Income
'
the
•
430,245
$690,540
$9,312
1,274
revs
oper.
Non-oper.
low-cost automobile to be known as the "Kaiser. >
Another larger automobile in the medium-price bracket will be built
by Graham-Paige in Detroit.
This car is to be known as
"Frazer.
Present plans call for manufacture and delivery of the "Kaiser
car
to the public early next year.
V
,
*
,
—
————
1945—12 Mos.—1944
.
lightweight,
size,
v
1945—Month—1944
$54,773
. 1 $51,626
32,748
30,692
2,336
2,479
10,378
9,524
Period End. June 30—
politan Life Insurance Co. has assigned the task of relocating families1
now
housed in buildings on the site of Stuyvesant Town and River-*
Co.—Earnings—
Gas Light
Haverhill
Automobile Corporation Formed— .
.
July 25 jointly announced
New
Henry J. Kaiser and Joseph W. Frazer on
Monday, July 30, 1945f
COMMERCIAL & FINANCIAL CHRONICLE
THE
458
>■,«.*,
1,
Foreign Tfav^l
;
*
medical coverager
without additional charge.
1945," announced Mr. Kipp, "full
placed on all Foreign Travel Accident policies
without additional premium."—V. 161. p. 1203.
covering tri^s
/■
Corp.—May Subscribe for Addir
Stock—Exchange Offer to be MadeAmerican General Corp. above.—V. 158, p, 2048. •
Industrial
Finance
tioriarMorris Plan
See
^
-')
-
V
*,t<z r »
Volume 162
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4407
v
Indianapolis Water Co.—Earnings—
Gross
revenue
All Fed.
Interest
:
Other
1,109,144
1,126,001
1,113,658
926,158
504,875
504,875
504,875
504,875
100,392
80,663
1,610
72,266
$550,822
$581,278
$608,354
•
______
deductions
_____
available
plete line of mixed fertilizers for corn, alfalfa, small
dividends
truck crops, Mr. Ware said.
7
The new plant at Hartsville,
Sheet, June 80, 1915
Assets—Utility plant, $24,611,614; cash, $1,192,954; U. S. Government
$450,000; accounts receivable, $350,388; materials and sup¬
•i
securities,
plies, $131,347; other investments, $11,129; prepayments. $3,615; post\ war refund of Federal excess profits tax, $83,180; special deposits,
$324,430; unamortized debt discount and expense, $707,432; deferred
•debits, $24,422; total, $28,090,511.
'
;
,,
\
Construction
to
V.
•
$1,054,900;
stock,
162.
common
both
cn
operation
.7'
Mos". End. May 31—
6
*
Cost,
etc.
expenses,
Depreciation
_____
Operating profit
t
soon' and' they
spring
costs
Net
125,937
$9,752,463
1,766,112
—V.
•Federal
Steels, Inc., Cambridge, Mass.—Acquired—
Industrial
income
See
Stainless
Eastern
Steel
profits tax.
Insuranshares Certificates, Inc.—Earnings6 Mos. End. June 30— ',,j.
income
•
Expenses
9,984
11,222
5,545
5,876
6,013
Taxes
fi"
1942
$88,018
1Q;414
5,670
10,752
——
Net income
$64,186
Divs». paid or accrued—
Earnings per share
■
"Total
>7:
-5,220
6,766
3,006,540
7 3,006,540
dividends
outstanding
Earnings
V- As of June 30, .1945, the liquidating value per share of the capital
Stock, valued at the bid side of the market was $11.23.
)
pet
dividends
•Excludes
•
I
share
$1,796,114
$1,800,009
$1.46
$3.36
$3.12
■
*
on
held
3,007,620
$378,780
$623,916
company.
tDeficit.
.
7,525,294
$9,553,516
247,582
392,301
497,924
787,329
profits taxes—
3,381,000
2,761,000
6,948,000
5,178,000
income—'—
$2,357,524
$1,879,835
$1.01
$0.71
$4,371,013
$1.81
$3,588,187
$1.32
for
Fed.
inc.
and
deducting all expenses Incident to operations.—V.. 161, p. 2201.
.
Jordanoff Aviation Corp.—New Secy. & Treas.—
,
John
A.
Dolan
Hoyt,
Jr.
has
been
Secretary and Vincent F.
Fitzpatrick who had held
appointed
succeeding
Treasurer,
as
Harold
C.
both
positions.
Mr. Hoyt, who also is Assistant to the President
joined the corporation in January, Mr. Dolan was promoted from as¬
s
•
sh._
com.
per
"After
3,340,600
$1.08
by
8,185,756
3,910,794
$5,986,106
Earnings
;
stock
<
$5,033,136 $11,816,937
4,221,916
.
7
3,006,540
$99,710
3,340,600
$0.88
1945—€ Mos.—1944
$8,943,930 $20,002,693 $17,078,810
war
facilities—
Balance
$3,631,536
'
(& Subs.)—Earnings—
1945—3 Mos.—1944
$10,208,022
of-
amort,
excess
- *
par)
(no
$817,194
$1.72
.
'
3,340,600-; 3;340,600
$0.92—$1.01
I$39,791
Surplus
:;
43,750
850,000
';•
depletion
emergency
______
$3,385,320
$3,106,250'
''.;;Share®.•-^ommon-• -stock
$0.1384
$0.1437
1,062,500
,$825,516
earnings.,—
Depreciation,
Prov.
Cr487,204
250,000
; v7______
______
' $2,966,749
income
•
$2,858,614
425,000
Interest. charges—_
conting'cies
charges
Net
•Common
$71,935
47,390 \st... ;'i 50,260
$0.1396
45,140
v
,
$0.1479
3,000,000
Cr300,000
$2,693,759
$1,242,194
162, p. 355,
Net
'
;
$57,125
$65,922
42,760
.
.
1
;
Other
1943
$81,782
$80,483
for
Reserve
"5;
■
$84,360
1944
1945
Total
V'X:
2,344,200
Cr234,420
•
(est.)
460,000
■
_____
Jones & Laugrhlin Steel Corp.
Post:war refund of Fed.
exc.
964,703
5,271,551
!
'
___.
1___.
share.
com.
per
19,735,045
637,500
$1,463,016
_—
dividends
dividends
Period End. June 30—
Dr34,029
1,732,303
4,872,044
1,745,138
Excess profits taxes-^.—
J
above.—V. 159, p. 110.
Corp.,
taxes—
250,000
422,373
'
$6,833,603
1,644,906
1,557,161
;
210,000
Surplus
Earns,
38,260
$7,577,582
$6,828,433 :
9,816,684
earnings
Common
$6,867,631
$9,714,203
$7,451,645
10,786,351
9,667,260
486,225
2,276,536
Preferred
in 1946.—
)7 7 7; ;
2,791,114
9,615,216
contingencies
for
20,634,204
18,603,309
19,113,541
988,799
420,000
4,203,207
—
exps
salaries
&
-
and
income
>.7
1945—6 Mos.—1944
1945—3 Mos.—1944
Taxes '
(& Subs.)—Earnings—
103,196
Totdl
'
7
other
depletion—.*
&
&
Prov.
expected
are
shipping season
•:
$6,725,237
Other income
10.
p.
$23,718,253 $25,303,721 $46,187,970 $49,759,262
_
materials,
Deprec.
.
f :
162,
Subs.)—-Earnings-
(&
Corp.
sales
.Wages
grains, clover and
1945
1944
1943
1942
$79,390,395 $76,814,804 $73,166,418 $71,618,682
72,125,998
68,826,021
62,915,121
64,210,539
539,160
537,138
537,094
540,511
sales____L_
Ret
begin
for the
7
7'
135.
P.
plants will
time
in
Jacobs $1 par stock. The Jacobs
on the New York Curb Exchange
of
17.—V.
July
Period End. June 30—
Net
Raw
,
International Shoe Co.
7*7
Stock, .$5,250,000;
long-term debt, $14,425,000; customers' deposits, $117,680; other cur¬
rent and accrued liabilities, $106,581; matured interest, $255,318; un¬
amortized premium
on
debt, $26,583; customers' advances for construction, $202,396; revenues billed in advance, $1,731; taxes accrued,
$1,093,502; interest accrued, $20,239; contributions in aid of construc¬
tion. $87,212; reserves, $2,477,630; earned surplus, $2,581,692; capital
surplus, $390,048; total, $28,090,511 —V. 162, p. 10.
•
'
Liabilities—Preferred
In
be
business
Johns-Manville
which will be larger than the original
'one because of increasing demand in the South Carolina area, will
produce mixed fertilizers and manufacture superphosphate.
,
Balance
of
dealings
from
suspended
close
fertilizer plants by this corpora-;
000 plant will be erected in Hartsville, S. C.; to replace a plant owned
'by the corporation there which was destroyed by fire in December.
The Mason City plant is being built to meet growing demands for In¬
ternational fertilizers in Iowa and Minnesota and will produce a com¬
for
each "three shares
for
was ■
the
at
.tlon, were announced on July 12, by Louis Ware, President.
I -' A new $100,000 plant will be built in Mason City, Iowa, and a $200,-
969,205
964,103
1,145,869
1,123,771
■'
of two
construction
for the
Plans
■
.
.
deprec.
or
charges
Balance
$3,080,858
$3,165,524
and
local taxes
and
exchange
Build
Corp.—To
Chemical
&
Two'Fertilizer Plants— ".*.7
1942
vv
$586,382
retirement
r
$3,461,289
—
maint.
Operating,
Minerals
International
'stock
1943
1944
$3,371,505
1945
12 Mos. End. June 30—
.
,
'
i
A".
Balance
Assets—Insurance
$798,330;
Sheet,
stocks at cost,
.
Balance
30, 1945
June
Assets-—"
fcash in banks, and
•;.
$3,988,570; unrealized appreciation,
hand, $5,296; total, $4,792,196; offset
by 427,700 shares of capital stock (par $1), $427,700: capital surplus,
in
cash
<$2,714,599;
banks and
undistributed
treasury, Dr$7,412;
on
operating income, $657,309;.
$4,792,196.—V. 161, p.} 1772.
total,
NOTE—-For
reasons
it is not always
companies in exact alphabetical
However, they are always as near alphabetical
position as possible.
possible
to
mechanical
of
Federal
excess
International
...
Earnings—
Machines Corp.
Business
6 Months Ended June 30—
1945
Net earnings
—$19,506,323
Net profit after
prov.
*4,997,617
5,063,523
1,145,926
$4.42
share——
Earnings per
1944
1943
$19,045,517 $17,367,473
4,953,273
1,039,546
$4.76
•
1,091,443
$4.58
Earned surplus
■;£
International Detrola Corp.—New Merger Propo^l—
,A
yes
Raidc
merge Utah
Corp., Marion,
proposal
to
Cooler
versal
Products Co.,
into
Ohio,
Chicago,
International
Total
said.
<
-
and
'
In
in
two
sales
,
There
Canada.
in
company
is
—V.
affiliated
an
have
:
share
a
clock
of
for
of
Detrola,
of
one
share
one
Detrola,
and
of Universal Cooler class A no par.
share of Universal Cooler class B
.
charge
machines.
:
i
-
Utah's
Among
.
in
other
cabinets,
operates
half
;
.
plywood
a
lumber
a
Radio,,
In
mill
S.
interest
in
'
'
Utah
Caswell-Runyan
of cedar chests,
products.
its
is
(of
subsidiary
Ont.—V,-162,
p.
248.
vVo
Co., - Huntington,
sewing cabinets,
a
•
'
:
Ucoa
a
other
income
•) ' Total
Oper.
■
(net)——
revenue
expenses,
ing purchased
.Maintenance
v
<
>
•
•)'
i-''T
profit
).;
tJ.
«
f
1,745,063:
34,780,476"?
8,586,497
8,483,888"
2,189,553 )
1,148,570
2,369,673
398,520
expense '
'
r
309,360
its
from
treasury,
162,. p. 354.,
.
..
v
*
-.
i,
income -&
<
1
•
*
1,594,080
.)
subsidiaries
.
•Dividend
:
*
$187,449,
2,714,779
1,948,457 i
7,059,809
7,453,048 >
342,300
1,550,475
1,411,758
of
525,707
1,731,554525,707
214.223
subsidiaries.-
Other -charges
Total
245,851
Consol.
.
194,016'
net
income__!
Dr$101/495
*On
full" accrual
basis hot
Subsidiaries.—V. 161,- p.
'€,974,839
;
2,054,955
'
;
the
in
combined A and B shares,
the 1944 quarter.—V.
161,
/
.
:* Net
•
2,054,955
<
793,198
922,824
1945—6 Mos.—1944
Taxes
$3,378,260
$3,339,312
1,013,281
1,969,419
1,971,148
99,309
116,772
201,911
247,261
76,198
76,199
152,397
152,395
303,648
270,014
554,954
477,974
$258,539
$499,579
$490,534
(net)
^ $285,864
:)',:; 5,621
income——
$291,485
$261,943
_
(incl.
Fed.
__
.
est.
inc.
Non-oper.
Gross
tax)
income
deduction
Net
York
New
the
$4,200,000
The
of
17,136
587,307
$56,797
'Dr$157,090
$436,862
-
.
'
■
));,wV/v
invite
planned
for
to
refunding
$216,114'
--V.'-''
announced
competitive
first-mortgage
used
281,599
281,506
$230,941
to
originally
be
July
bids
that it has
issue of
25
for
an
bonds.
sell
5..
the
purposes,
•!
:
•
bonds, the proceeds < Of
privately to the John
,
Mutual Life Insurance Co.
Last May the commission
dis¬
approved the plan and stated that the company should have offered the 1
bonds to the public through competitive bidding.
-.
o
The company amended its petition, and in the meantime borrowed
$4,200,000 from the John Hancock Company to carry out its plans
for the redemption of the outstanding bonds on July 1.
7
The funds .to be obtained from the sale of the bonds will be used
to
discharge the company's debt to the .insurance.. company;.
The,
.
KDriid
JDr2,433
>. Br6,495
Br6,373
$32,106
income. _!___i.*
&x8,561
deductions*:
$30,429
$371,556
12,011
105,175
8,333
;
.
.
.
commission
-
"income ^1;———-" "-.$23,544■■■■
dividends
.
,
.1:
$369,649
>
27,428
21,991
21,991
70,054
-
91,800
rate
shall
not
exceed
3.1%
a
The
year.
rates of 5 and 6'/2%.—V.
162,
•
Kobacker Stores, Inc.—Earnings—
Number of
Earnings
•After
49,756
the
91,800
$55,315
interest
the
for
i944
$4,600,543
"
shares——____—
Federal
of
this
profits taxes,
which would have
split-up-made t>n April
and
income
excess
shares
common
six-for-one
178,216
48 r, 119
$0.36
per. shate—
number
effect
$74,558
common
)
1945
$4,992,333
$265,535
.27,219
the
V) Quarter Ended April 30—
104,113
$266,381
$18,418
______
said
retired with the loan bore interest
355.
p.
stock
etc.
?
J44.565 *
*485,097"
I $0.27t
-(Represents
been outstanding
9, 1945, been in
161, p. 2788.
period.—V.
r
.
-
—162;
'
Kroger Grocery &
Jacobs Aircraft Engine Go.r^-Merger Effective—
.
Period End. July
^
14
^
'The-New
York
Exchange has been notified that the merger
Republic ■ Industries, Inc., has become ^-effective,
Curb
of 7thi» company* Inter:
Jacobs,, stockholders have, been requested to surrender-their certificates
'Vt6.<Smwn;-5Brothere, vHarriman & Co., Philadelphia,--, to receive one
share
*>t J 5%
cumulative' preferred. stock,
$25
par,
of
Republic
^
Sales
f
in *
Baking Co.-t-Sales-^-
1
!
.
1945—4 Wks.—1944
1945—28 Wks.—1-1944
■*
$-•>-* *
$
$
$
34,337,869 35,287,221 238,667,318 235,841,564
.
.
ended July 14, 1945, there were in operation,
average of 2,810 stores, as compared with 2,939 stores in the same,
period last year.—'V. 162, p.' 135."
*
.
-
r;
.; $497,713.
Hancock
$376,022
7,920
Preference .shares
.
104,424
,
141,150
$120,793
Commission
S.
30-year
to
were
P.
company
company
which
7,179
t(.
$512,447
142,085
To Offer Bond Issue—
The
12,868
3,404,
$149,400
_
income.
authorized
.
'
from
income^.
gross
<
prov.
Operating income
Total
-1944
12 Mos.
1945-
$1,734,805
1,017,771
-revs.—'
Depreciation..—
.
$378,051
13,915
15,853
-
B; .dividends——__
^.Preference shares C ..and ?D- dividends
'
Common dividends paid-7-J.P.S. ,Ltd._———
^6,974,816 :
1
currently)-declared "on preferred "/stocks' of '<•
1773. '
profits taxes
..
expenses
Maintenance
$1,509,003
719,914
162,530150,535"
100,000
$32,863
accruals
.v
-
•
■
and
and-
JAfter charges
excess
on
$1,782,790
oper.
Operating
and his family
stock and Clare
79,384 shares.—•'
'
$32,881
Preference
•;
t-
".
•
•
'
credits
and
class A
taxes
combined
tOn
participating provisions.
post-war
$2.36
profits
excess
Kings County Lighting Co. (& Subs.)—Earnings
had
s
and
$494,623.
equal to $1.14 per share on
with $464,268 or 75 cents
1543. -'
)
8,035,007
1,731,579
of
for renegotiation.
funds
1945—12 Mos.—1944
$126,167
63,961
66,873
oper.. incomeincome-—.—
Ipcome
'* 455,750
„
the
income
credit
before
but
290,285-
328,244-
$3.01
quarter ended May 31, 1945, company reports a net profit
after charges and taxes and after post-war credit of
the
for
7,094
8,333
revenues—__ ■;
reserve;
i:; ; Gross
ex-
,
Federal
of.provision
compared
$1,556,997
736,671
196,788
145,485
100,000
__;_i)
_i_).
Other
1,594,080
1,248,246
7,632,016-
requirements
and
post-war
under
shares
taxes
290,285
•,
$705,327
Minority int. in net int icome
B
For
of
and class A' stocks of
(•
charges
deducting
■;! /x'
,■
328,244
share—
per
"After
bonds
9,582,205/
1,217,358
-'
,
$131,861
'Utility
excess
.Iricess profits«taxes__l_
pivs. declared" on pfd.
22
1944 i '
"$1,862,500 *$1,458,271
shares,—
and
automotive parts manu¬
J945—Month—1944
Period End. May. 31—
Taxes
.
S.
profits, tax^es
-Canadian income &
September
for
shares
Jacobs
Mr.
Retire,
2,049,860
,
A
B
<
at the special meeting called for Aug. 16.
this financing, together with some additional
Maintenance
against
1,792,486
class
class
after
underwrite the 100,000 shares ($50 par) 5%
stock which the Jacobs' stockholders will be
to
preferred
approve
Operating
Operation
4,983,915
9,420,831
398,520
257,770
'r
called
,
of
tEarnings
)) Jamaica Public Service, Ltd. (& Subs.)—Earnings-
36,538,496
5,877,828
9,308,055
2,268,038
operations
,
2,058,049
$10,451,373 ' $9,995,214 $38,727,779 $39,818,225
•
been
profit—__________—.—
Period End. June 30—?
on
Jieprec. charged
!
423,810
V;
ip-
-funded.,
etc.,
debt of isubsidiaries>_
Int. on debs_ System
jiinort. of debt disct. &
has
Co.—Earnings—
of
■
President of the' company,
Jacobs,
Proceeds
:
taxes)
Gross
Int.
1945—12 Mos.—1944 ^
9,056,260
1,357,174
—..J—
than
(other
come
$2,836,191
(Including Domestic Subsidiaries)
:": )))•)
May 31-r-"
•
1945
<«,
Number
Completes Ar-,
—
registration.
As of June 30, 1945, Rex C. Jacobs
directly or indirectly 71,417 shares of common
S. Jacobs and his family owned directly or indirectly
$23,056,049 $22,641,392 $89,730,599 $88,066,504
_
66,694
$3,107,041
$479,047
;
meeting
Number
) '
owned
includpower_
'
44,475
to. issue
9 Months Ended
Net
in Personnel—
'
-
1,184,144
V
11,658
of creating
proposed
^
,•
(20,000 shares each) of F. L. Jacobs
Co.„common stock to the. same banking syndicate underwriting the
preferred stock., This common stock sale, Mr. Jacobs said, is dis¬
tinctly separate from the company's own financing and will be regis¬
tered under the- Securities Act of 1933 apart from the preferred stock
operate plants in -Marion, Ohio,-,
2,191,243.,
j
3?axes
473,765
•
stockholders'
purpose
Kelsey-IIayes Wheel
public distribution 40,000 shares
$22,582,284 $22,217,582 $87,672,550 $86,321,441)
___.
oper,
special
the
^
said, will be used for the complete;
liquidation of the company's $5,000,000 "V" bank loan,. Stockholders
at the same meeting will vote on a proposed increase in common stock
capital from .750,000 shares to 1,000,000 shares, to provide for con¬
version of the preferred. :
./i 7 V
*
:■ 7\ - -v'7
:
Mr.
Jacobs also stated that he and his brother,
Clare S. Jacobs,,
Executive
Vice-President
of the company, have agreed
to sell for
lease
and operates under
one-third owner of
Buenos Aires, and has
Canada) Ltd., Montreal. )'••■
1945—Quarter—1944
End. March 31—
161,. 1204.,
syndicate
asked to
•
owns
in
\V-."
Operating revenue
C.
Rex
convertible
International Hydro-Electric System (& Subs.)—Earns
V'/ Period
ry
Federal
L.) Jacobs Co., Detroit, Mich.
banking
r
and
Caswell-Runyan
Ind.,
affiliate
Electronics
$90,370,55.4
-
board.—V.
the
from
the
wood
plant in Goshen,
Smyrna, Tenn.
It
Cooler and
Brantford,
/
is
peacetime
manufacturing
A.,
Universal
.and
and
804,308
announced July 26 that the company has( completed arrange¬
ments with H.: M. Byllesby & Co. and E.. W. Clucas & Co. to head a.
••));.•*'
subsidiaries
radio
370,000
50,250,000
30,632,022
facturer,
of
v:-;1
Ind.,, manufacturer
$530,095
$4,287,937
1,385,052
$4,335,660
-
238,379
a new first mortgage debt.
and sell $40,000,000 first mortgage bonds
maturing in not less than 30 years in connection with proposed
refunding of present 3% bonds due in 1950.—V. 161, p. 2788.
E.* Macgregor
,
such allocations, permission to produce
Jn the
third quarter of 1945 a limited quantity of domestic refrig-).
erators.
It has applied
for permission to build domestic washing
in
income.
Net
It. is
America-^-Asset Valuer
rangements for Financing—
one
<
agency
rents—net debit
fac.
A
has been 'elected President, and a director.
Crabb, who formerly held that position continues as Chairman
(F.
-
mental
168,000
taxes
-
'
stock.for'one
par
3,250,000
$729,084
p.
fourth of a share of Detrola.
*
U. International Detrola
recently acquired controlling ownershihp of
Rohr
Aircraft
Corp.,
California
producer -of aircraft power plants-,
and sub-assemblies.
Rohr recently has been granted, by the govern-»
po
810,000
.) Refunding Plan Proposed—
: ;7)' .7/) 7'.;7:v/:; '7;:77.77 % '7)7:-v:7-;7
-
2557.
p.
Robert
^ The program provides for exchange of one Utah share for six-tenths
of
161.
Earl E.
products
their
■:
Investors Syndicate—Changes
7
and.
manufacturing
distributed
600,000
exclusive
'/VXw/'
countries."
many
also
They
Argentina.
11,822,311
175,000*
i
.
"The merger proposes uniting industries," he explained, "which in
their last fiscal year had aggregate sales of $132,000,000.., They
possessed net current assets on May 31, 1945, totalling more than:
$8,000,000 and have 7,500 shareholders.
They and their subsidiaries,
own or
operate a total of nine manufacturing plants in this country,
1,995,208
$806,721
251,052
25,574
for
Company reports as of June 30, 1945, net assets equivalent to $29.26
share on the common stock, against $25.87 a share on June 30, 1944.
a
-
p.,
$22,286,269
13,095,332
3,895,000
1,060,000
1,008,000
2,012,885
accrued—':
{
167,996
879,592
307,409>
1,000,000
$89,67/,698
—
1945—6 Mos.—1944
,
$3,702,292 $20,467,971
$3,594,606
Railway oper. income
Equip, rents—net debit)
Other
replacement, under Section 22(d)/ (6) of the In¬
of inventories maintained on 'last-in, first-out"
464.
Investment Company of
,
'
r
Federal
'
1945—Month—1944
revenues^
oper.
expense®
income taxes
oper.
Railway
Code,
77?;7/7>7')"77':7' 7:7;'''
panies.
V
"Meetings of stockholders to vote on the proposal will be held,
soon," C. Russell Feldmann, Detrola President and Board Chairman,
.
161,
L
-4.—
2221
p.
—___
.
370,000
shs. no.par)..*——
_.———
from
Revenue
basis.—V.
Corp.,-
approved on July 19 by the boards of directors of all three com¬
Period End. June-30— k
Railway
______
811,244
(3,350,000
iLl
,
"Resulting
ternal
and Uni¬
Detroia
stock
Common
"
161,
$5,959,227
50,250,000
.30,448,566
insurance
for
Reserve
and
'
.employees
7 Reserve for excess cost of replacing inventories
excess
v
Jt.
1,499,682
322,625
1,000,000
vacations —L_—'
Employees partial payments for war bonds____
Reserve
for, coatingencieS_____-
providing for estimated U. S. Federal and Canadian income,
profits taxes (including in 1945, $11,747,900; 1944, $11,in 1943, $9,751,200 estimated excess profits taxes after
deducting post-war credits of $1,383,400 in 1945, $1,348,700 in 1944
and $1,170,400 in 1943).—V. 161, p. 1881.
.
<
and
407,800,
City company.—V.
Kansas City Southern Ry. Co.—June Earnings—
.
Accrued
Vc *After
Harry B. Munsell, Vice-President and Treasurer of United Light &
Co., has been elected Vice-President and Secretary of the
/;
$89,671,698 $90,370,554
Liabilities*— :%"l.'' .
■
Accts. pay. for mrechandise, expenses, payrolls
$4,404,722
Due to subsidiary company:
\ 76,820'
Employees income tax withheld from payroll... 7
349,505
Officers, stockholders, and employees balances.
138,534
for Fed. and
Canadian inc. and exc. prof, taxes
Outstanding shs. of com. stock—
i
;
1.
Total
.
l'
;
Subs.)—
(&
'
'
Kansas City Power & Light Co.—New Official—
'
Kansas
15,720,310
1
.
323,939
.
.
;
7'
Railways
243,134
777 416,254
188,471
1,340,000
423,405
tax_
He jointed the company in 1943.—>
7-.-—__
.
180,727
1,879,420
etc.__-:
profits
243,134
.
iPhysical ' Properties: (net)
15,181,716
Lasts, patterns and dies._____l_7^_^—_ )'
1
Deferred charges?
_________
.288,958
-
•
.
28,658
601,780
stocks of other companies,
refund
Post-war
18,722,679
25,887,829
taxes.
(9,400
in
Investment
arrange
order.
J
10,131,969
7,127,399
18,639,433
shares at net cost)
Advances to and invest, in sub. associated cos.f
stock
1944,
.
receivable,
of Federal
•Refunds
.
27,265,198
,__r.r_„
:
notes
Employees
...
7 Common
1945
■
$17,840,527 $i7,367,31Q
___■
Inventories
;
<
May 31,
securities^—™:-
receivable.
Accounts
of
as
,
hand
on
U.■ S.' Government'
in
shares
800
Sheet
'
,
sistant to the Secretary-Treasurer.
V. 159, p. 2198.
'
During the four weeks
an
i
•
Bryant, Inc.—Earnings—
Lane
SalesM°nthS End!d M3i^Z
——
profit~after "deprec. and int.-
Net
income taxes—♦Prov, for excess profits taxes
1
Reserve for post-war contingencies
Federal
for
Prov,
items:'
-
Co.>/'
in the chemical
.
2,523,752
220,100
1,608,150
100,000
«The
income
Net
scale,'he said,—V,
$595,502
$738,867
$1,063,581
—
t
Common Shares
A special meeting of stockholders will be held on Aug.
15, to con¬
sider a new issue of preferred stock and an increase in authorized com¬
mon stock.
The shares are intended to be issued in connection with a$2,000,000 expansion program, it was announced.—V. 162, p. 249.
Inc., Peoria,
(R. G.)
LeToumeau
begins January, 1954.
Sales
111.—New Official
in England—
announced the addition of Robert F. Nelson
Vice-President and Assistant to the President.
to
Corp., Brooklyn,
Total
p.-
expenses____
3,549,651
1,034,581
Depreciation
(incl.
Taxes
income——
income
Other
2,267,816
and
prbperties
coal1 lands
Interest
$1,584,458
18,021
93,703
deprec..
inc. and
179,600
20,485
tax
income
t-
18,355. ;
4,068 v
.
29,695
.6,831
.
Preferred
vl
v:.
■
-
'
*
'
♦Deficit.
—V.
<
$4.66
" $0.60
strike
*
1944
* -
•"••• 1942
-1943
$674,908
$1.32
$991,443
$1.94
; -
k
$639,505
$1.25
- •
pany
of
$24,314
$42,989
$53,195
303.894
303,894
303,894
$0.42
$0.43
$0.84
S0.88
Kenosha, Wis.—Stock
Offered—Cen¬
certain
and 42,559 shares are being sold by
'
National
First
Bank
of
Chicago./: Registrar, City
& Trust Co. of Chicago.
the
being sold
shares offered 40,000 shares are
82,559
I
/
will be employed
is intended,
equipment.
and
machinery
by it toward the
replace-!
•
Capitalization Giving Effect to Present Financing
:
;
Authorized
Outstanding
(par $10)_i_
300,000 shs
209.680 shs^
:
stock
Common
Electric output of this company for the week ended July 21, 1945,
totaled
29,934,000 kwh., as compared with 32,127,000 kwh. for the
corresponding week last year, a decrease of 6.8%,—V. 162, p. 355.
!
Louisville & Nashville RR.—Calls 3%% Series E
net
^
Output—
History
:
May,
$23,196
Co.,
the
and, it
ment
.
ton 510,600 shares.
taxes, depreciation, interest, etc.
355.
p.
59,712
212,726
and the balance by certain stockholders.- It is esti¬
proceeds to the company from the sale of the
40,000 shares will aggregate approximately $560,000, after deduction*
of underwriting discounts and expenses payable by the company (esti¬
mated at approximately $10,000).
Of such estimated net proceeds the
company will apply $416,350 to the redemption on Nov. 1, 1945, of the
entire outstanding amount of its 8%
cumulative preferred stock.. The
balance (estimated $143,650) will be added to the funds of the com¬
*
-
losses
in
-k
-
$1,159,963
$2.27
-;'-; ::
••
59,712
-212,726
/share
agent.
that
mated
r
Note—'The
includes
162,
:-
'
29,856
106,363
by the company
$973,225
$1,201,739
$242,039
Louisville Gas & Electric Co. (Ky.)—Weekly
net corporate income for the second quarter of 1945
sustained as a consequence (a) of an industry-wide
1945, incident to renewal of wage agreement and (b)
of added costs imposed, under the renewed wage agreement to June 18,
1945, not compensated for by any increase in ceiling prices.
"
/I
1945
-
share_
v'
29,856
106,362
stock
com.
per
National Bank
:>V;
$448,600
$325,633
161, p. 1774.
Transfer
profiti__—
♦After Federal
*
$1.00
- Nil
$2.41
$0.31,-
Nil
Nil
——
-
Common
*
1,113,138
of
6 Mos. End. June 30-^
♦Net
$1,060,196
$227,785
.$548,217
*$68,212
,
672,500
$315,427
303,894
stockholders.
11.
162, p.
tEarns. per com.
V Net corporate income
Net inc. per share—
. .y. '
651,887
385,000
$160,533
$159,415
period
the company
•'; Loose-Wiles Biscuit Co, (& Subs.)—Earnings— /
.
2,955
1,676
,
338,337
reservations
earned surplus
-V.
415,615
'
,
Cr2,440 *'l>.
6
—
interest
Minority
$2,086,363
Balance transferred to
r;/;
,
'•136^240
Pennsylvania
for
Prov.
•
$1,874,239
287,000
outstand¬
Purpose—Of
505,100
-
•
708,553
$893,926
income:
net
257,746
11-653
207,449 f
16,108 V
396,206
233,060
Fed.
excess
*
237,890
profits taxes..
and
for
Prov.
123,474
5,858
402,003
8,053-
—
taxes—
704,401
$786,937
income——„—J* :
Miscel.
58,013
35,434
28,431
17,502
-
„
185,000
-
k
Macwhyte
$3,503,347
1,416,984
$3,280,254
1,406,015
170,000
Republic Co. (Inc.), The Wisconsin Co., Bacon,
Whipple & Co., Paul H. Davis & Co., The Milwaukee
Co., Loewi & Co., Peltason, Tenenbaum Co., Rogers &
Tracy, Inc., and Sullivan & Co. on July 16 offered 82,559
shares of common stock (par $10) at $15.75 per share.
Of the shares offered, 40,000 shares are being sold by
27,520
$1,602,479
$602,427
'J
(net)
$710,633
$345,533
taxes—
common
shares
1945—6 Mos.—1944
1945—3 Mos.—1944
tral.
$3,475,827
43,987
deducts.—
income
Total
Net
'••"
.
profit'
on
Earned
—V.
3,259,397
3,594,960/
11.
162, p.
July 23.—V.
on
inc.
pfd. stock:
on
ing
$3,186,551
said
$329,415
exps.
Fed.
Surplus for
$1,491,338
(net)—
income___
Gross
funded and
on
Federal
Depl.
;/: v
res.
unfunded debt
Misc.
J
idle
carrying
of
Cost
Divs.
all
est.
earnings
Divs.
1945—12 Mos.—1944
1,839,816
-$1,447,351
tax)_^
income
Operating
Coal Corp.—EarningsPeriod End. June 30—
1945—3 Mos.—1944
1945—6 Mos.—1944
Gross- income
—lr ■ $257,002 $1,199,352 $1,023,853 $2,344,850 »
*•
Net
for
prov.
President,
Klotz,
P.
after
& exc.
$8,411,258
599,355
Maintenance
H.
for
Prov.
$17,369,018 $16,424,287
3,370,631
6,960,550
6,582,971
581,459
1,557,552
, 1,037,619
1,034,894
2,069,405
2,068,473
$8,898,754
aircraft
military
all-metal
precision
of
MacAndrews & Forbes Co.—Earnings—
1/
-
;
record
new
a
Period End. June 30—
,
Earns,
2661.
Lehigh Valley
,
at
resumption
Leopold
be
161,
of
deliveries
$948,375
,
high, the company is preparing the
limited civil aircraft manufacturing as war
production permits, and expects to be able to announce details of
its first post-war all-metal Silvaire personal plane during the summer,
,'
1
will
revs.__
operating
Operating
249.
N. Y.—V. 162, p.
Luscombe
for
way
:
1945—6 Mos.—1944
Period End. June 30—
of the
director and Vice-President
was a
many years
Nelson for
Mr.
Arma
With
,*
Financing Pro¬
Long Island Lighting Co.—Earnings— -
there.
factory
.
1945—6 Mos.—1944
$4,270,680
$1,877;082
1945—3 Mos.—1944
$2,333,286
'
'
Com.
the company have brought Mr.
many of the business responsi¬
bilities of R. G. LeTourneau, giving the latter more time for develop¬
ment and engineering research.
The new appointee will also work
closely with Denn M. Burgess, Executive Vice-President, and Merle R.
Yontz
Vice-President and Treasurer.. One of his first assignments
will be a trip to England this Fall to assist in the establishment of a
LeTourneau
'
'
financing
post-war development..—V.
including
The corporation has
its executive staff as
Continually increasing activities of
Nelson into the new post to
assume
•
/ *
$40,000,000
applied by company to the
retirement of $13,000,000
of its present outstanding 3% debentures
and a subsidiary'^ 3 Mj% mortgage debt of $10,850,000.
The remainder
will
be
added
to
working capital available for corporate purposes
the
of
Froceeds
Factory Planned
New
2788.,
p.
Corp.—Quarterly Sales Up 146%
Luscombe Airplane
gram—Announcement was made July 19 that company
has concluded a $40,000,000 financing program.
It in¬
volved the sale of an issue of $28,000,000 20-year deben¬
tures to a group of insurance companies to yield approxi¬
mately 2.80% and a 2% bank loan of $12,000,000 for eight
years from the First National Bank of Boston and sev¬
eral associated banks.
Amortization of the debentures
Preferred Proposed—To Increase
New
161,
Inc.—Completes
Loew's,
■
the
Period End. June 30—
components
share..:———-—i—"
$7.98'
$5.41
$4.28
"Net
of $287,600 in 1945,
$54,700 in 1944 and $74,670 in 1943,
respectively, for amounts refundable, post-war.
The balance
sheet as of May 31, 1945, showed current assets of
$8,290,039 (including cash of $2,511,823), and current liabilities of
$3,239,756, a ratio of 2.56 to 1.per
t-r.
••
'
in
increase
port, though wage adjustments pertained to the entire fiscal year/be¬
ginning Oct. 8, 1944, to date,'/ 'v'k-v'k'./:- W-Ti
"•
"Lukens, with approximately 20 other semi-Integrated and non-.
integrated steel companies, is preparing a vigorous protest against this
unfair and discriminatory action of the OPA."—V. 162, p. 11.
V;
'
Earnings
of material required for
cutbacks and, changes in .types
effort.
war
Monday, July 30, 1945
ceiling price of plates, allowed in- part' in
January and in part in May, 1945, was not granted in time to be
effective during the major portion* of the period covered by this re¬
shall be entitled, as
of right, to subscribe for, purchase or receive any part of any stock
hereafter issued by the corporation or any security, convertible into
such stock. /
,:!V"
'r-l'V"-''.
-v.."[ --V*/''
In
commenting on the stockholders' approval of the amendments,
which become effective Aug. 1, 1945, Col. Barton said that the com¬
pany now was in a position to take a greater participation in the
chemical end of the oil and gas business.
This action will enable
the management aggressively to undertake a broad post-war develop¬
ment program involving entry into the chemical industry on a large
$26,786?969
150,000
the
' 'y/'r
-
business. generally, and
'■;r K.;i '•'>
3. Amendment to provide that no stockholder
•
$36,699^27 $32,057478
3,992,581
3.298,167
340,600
271,700
2,588,400
2,137,600
1'. r1-
Change in the name of the company to.Lion Oil
2. Amendment to authorize the company to engage
1.
...
cancellations,
yoted in favo^of . the. fdllowing
V-i ;"; ky?:;*
'.'d'"-.*
of the outstanding stock
73%
Over
.(
Ltd.—Production—- / .;y/1
\
A summary- of the mill operations of this-company, for the three
months ended June 30,- 1945, shows that the mill treated 65,958 tons
of dry ore, recovering $1,020,233, including premium.—V. 162, p. 11.
Lake Shore Mines,
\
FINANCIAL CHRONICLE
THE COMMERCIAL &
,460
Business—Company
and
in
incorporated
was
Wisconsin
assets and assumed all of the.
Illinois corporation was organ-r
ized in 1896 as the Leschen, Macomber, Whyte Rope Co., the name
being changed in 1900 to Macomber & Whyte Rope Co., and in 1920 toMacwhyte Co. J.
;. -.
■■'/ v , *•••/;
/■;•:■//;-.7-- ■v/•*•-•■■■ •••*
»:
From the time of organization in 1896 company operated for. approxi¬
mately four years as a sales agency for wire rope manufactured by
another company.
In 1901 the company purchased a factory at Coal
City, 111., and began the manufacture of wire rope from purchased!
wire,. : Because, of inadequate facilities at Coal City, it later leased
a
wire mill at. Fostc-ria, Ohio, and . in 1912 a plant site was acquired'
in Kenosha, Wis.,, on which the company erected a wire mill, including
facilities for heat treating processes, and complete facilities for the
manufacture of wire rope, the manufacture of reels,' etc.:
'/
During the 44 years that. the.company has been engaged iri manu-;
facturing, the principal product has been wire rope.
Such rope, made,
in sizes varying from sand of-an inch to 2% inches in diameter, is
made from wire, mosti>of which is drawn by the company from hot
rolled rodsjiWhich it purchases on Its own specifications from various
steel companies.
A limited amount of^wive rope Is manufactured from
finished wire purchased from others.
In the years piior to 1941, 80%or more of
total sales of the company, measured in dollar volume,:
were accounted for by sales of wire rope.
....
Dec.
1943, and acquired all of the
Macwhyte Co. (111.).: The
18,
liabilities of
Bonds
.
'•%
•::*
■;
Consolidated Income Account
/
•
„
Income
mining and selling
other operations
from
Income
from
coal—
:.—.
...—
.
.
$2,474,089
■;/. 17,165
311,864
1 Dr21,914
1,054,809
1,136,036
from operations—$1,782,749
Disct. on bonds purchased for sinking funds..
,
4,651
Refds. and adjust, a/c prior .years' taxes, etc _
.
15,609
Profit on sale or other disp. of fixed assets...
Drl2,938
Total
income
Other
J
income
income
Gross
Interest"
$2,844,882
72,415
451,028
—
—
and res. coal lands
unfunded, debt
—
of Calumet Dock.
revaluation of treasury stock to par
carrying" idle
Cost of
——_—•—
—.....—
on
prop,
funded and
Loss' a/c disposal of portion
Ld'sd- Von
•
t
and stated value
Slisc. Federal taxes..
1—
Depletion and
depreciation—
Prov. for Federal inc. and excess profits taxes
Provision for Pennsylvania income tax——— -
*
117,825
; 529,447-J^ ;25jp00
• * V;* 81,815
443,715
20,762
-
5,590- •)
.
9,402
\
•
Net
corporate
VNet^&come
pejr
dncomei......^.^.-—Jiu
$1,651,645
$4.46 -'
t.;'
Preferred
--^Common
-+V.
$1,014,272
share—'v-V:;v:l:;^
-
161, pp. 2910, 2221.
$7.26
$0.80
$0.28
—w—....—
*
Bonds—
company
before
or
further
announced that it will
date (Sept. 1, 1945)
of
-36 Months Ended June 30—
v
■
V" 1945
Earnings
's
$3,425,914
income
♦Net
common
per
share-——
-
1944
$3,529,379
-$1.38
$1.34 •
.•/■/'♦After all charges, including estimated Federal taxes.
Lukens Steel Co.
Biggers, President, said production of war products by the
company continued at a relatively high level during May, but cutbacks
and
cancellations caused a reduction in schedules of approximately
20% in June.
While further cutbacks are expected, the company is
JohnD.
playing an important role in producing airplane assemblies and parts
which include the big nose and other enclosure units for the B-29
Superfortress, enclosures for the Navy Corsair, the Hell-Divers, the
Hell-Cats and other planes which are carrying the war to Japan.
r6¥ders for glass from automobile manufacturers are being received,
Mk^Biggers reported,
although quantities are limited because of re¬
on automobile production for civilian use./kk'/'
Improvements to the manufacturing facilities of Libbey-Owens-Ford
which were approved by the War Production Board, are now nearing
fNet
of the Department of Justice in the suit
others on the flat glass industry in the Unitedv
Mr. Biggers said.—V. 161, p. 1774.
the' 'Anti-Trust
Division
brought, against it and
States,
the
"The
Liberty Loan
Corp.
Offering—An issue of 65,000
scares of 50c cumulative convertible preferred stock
(par, §5) was offered July 17 at $10 per share by Sills,
Minton & Co.
-'Procefeds
The
are
company,
Laws?'
in
automobile purchases and
midwest.—V. 161, p. 1205.
finances
and
offices
.;.
,
for working capital and development and expansion.
located in Chicago, lends funds under the "Small Loan
the
It operates 13-
sales.
Liori
/s&erljion
©Lion
At
a
Oil Refining Co., below.
1
.
'
-
•
Oil Refining Co.—Change in Name, Etc.—
special meeting of stockholders held on July 24 three proposed
the company's articles of incorporation were approved,
to
an
announcemeht
by Col,
for the
operations
from
first
provision in
Labor
War
for
to
price
Indicates
is
three
T. H, Barton, President.
Cost
: vand
of
the
steel
companies
which
as
agreed
was
a
rightful
charge
are
regular
producers
of
plates is
say nothing of profits.
In the case of the
integrated steel producers, their other lines of endeavor, such
mining, shipbuilding,. transportation, fabrication and cement, to¬
gether with their alloy and other specialty sales required for war.pur¬
are absorbing the losses from their carbon steel plat/e produc¬
poses,
tion.
"Such
part
specialties as Lukens
was
responsible for its earnings,
v
304,127
producing
in
1944
which
have practically disappeared
were
in
due
to
.
1942
1943
v';/ >,/
'
,
$9,546,022 .$8,908,999
1,350,000
1,325,000
$7,583,999
4,849,281
929,562
$8,196,022
5.436,467"
977,489
.; .;
dr250
17,201
/'»—
$580,900
2,718
deductions
■
5,733
6,901
$1,793,465
57,321
$563,698
$1,776,333
20,102
$1,798,256
13,668
$1,850,786
19,912
••
$1,796,436
4,783
$1,811,923
./ 13,389
-
income
:
Common
.
v
;
107,280
138,075
150,093
137,224
$366,579
$277,297
$311,740
30,280
118,776
30,280
30,280
113,120
113.120
1.247,287
Crl24,926
1,257,398:
Crl25,740
.
103,968
post-war
contingencies
——2—
dividends
Preferred
106,989
15,140
taxes
125,478
$108,738
tax
1,215,281
Crl21,528
34,403
——
for
.Net income
-"123,242
125,323
45,294
384,636
Cr38,464
43,573
surtax
——.
built to help the war effort and
arbitrary and capricious action on the part of the OPA works
particular hardship on the single product, semi-integrated producer.
../.
$7,827,269
5,060,753
973,302
1,812,771
income
Reserve
Industry, did hot Include items such as sales and admin¬
costs; allowed less than one-half of the potential cost of
general wage adjustment granted under the National War
Board's Directive of Nov. 25, 1944; disallowed excess amortiza--
"This
,
$2,914,596 $8,622,915
J-- 234,000.
795,646
,
excess
State
last
Congress, through legislation,
against costs for income tax purposes.
.
$2,680,596
profits
Post-war refund
Fed.
the Steel Industry the. full amount of relief in the
plates which the OPA's study of the industry's costs
and justifiable.
The OPA, in considering relief
which
2,114.
C 2,114
Fed. normal income tax
proper
were
2,629
;:■/
——Years Ended Dec. 31-—,
1944
dis- i" :*/•/•■ /■/'■-::':. ;•/:■/ o-/;-;'
less
profit
Income
of 1944 did not include any such provision,"
"the Office of Price Administration to date has been
tion of emergency facilities which
:
End.
counts (net)
Total
the Steel
Labor
2.629
2,471
1,986
Apr. 30,'45
goods sold——
istrative
the
10,752
:7,990;
5,310
'
5,310
3,711
2,471
1,986
4 Mos
sales
of
Other income
give
of
.
Sell., gen. & admin, exp.
Prov.
for doubtful ac-
Gross
the first three quarters
unwilling
3,489 "
■
Tenenbaum Co.
sales,
.
.Net
1945 for the retroactive wage adjustment granted by . the
Board's Directive of Nov. 25, 1944, whereas the figures for
He said further,
4,990
—
;
larger,
amendments to
according
income
4,990
>
£_
counts, etc.
Renegotiation refunds—
*485,931
receiving its full costs, to
-
Gross
of 1945, as compared with the like period in 1944 is due.
principally to two factors.
First, changeover to lower priced typps
of products required for the war effort; second, inclusion of adequate
a
Oil Co.—New Name—
net
Share-':
holders.
10,107* "
7,510 v;*V
,
quarters
None
•
in
decrease
^
-
-"/*'
maintenance of inventory shrink¬
President, states:
$hs, from
from Co.
^vi..//"^.Summary of Earnings
estimated
Robert W. Wolcott,
,
*
Shares
'
Rogers & Tracy, Inc.——
Sullivan; &. Co. Wrr-;—'-ii-
of $535,000.
ceiling
"
654,033 /
,
■
'
Republic Co,.(Inc.
Peltason.
tAfter Federal and State taxes.
IThis does not in¬
Federal tax; recovery due to carryback provisions
of the Internal Revenue Act amounting to $366,600, which results in a
total net income of $407,568 from all sources.
-/'v/-:/ / .w;/.
age
clude
strictions
completion.
Further extensions in plant facilities in preparation for
expanded post-war use of its flat glass products will be made by the
company as priorities on such construction permit, Mr. Biggers said. :
The company will in due course file its answer to the fcomplaint of
140,968
income
♦Also after reserve for unextended
,
,
Loewi & Co.;;
1944
1943
$33,233,995 $36,664,462 $37,559,275
sales
Net
:'
'
.
,
•
-
each has
,
Bacbtt, Whipple & Co.
Paul H. Davis & CO.
The Milwaukee Co,
1945
9 Months Ended June 16—
-
•
(& Subs.)-rr-Earnings—»>
which
The Wisconsin
.^Libbey-Owens-Ford Glass Co. (& Subs.)—Earnings—
0
,
'
Central
value
par
stock
common
■
19 declared a .dividend of 88 cents per share
capital stock, payable Sept. 13 to holders of
record Aug.
1.
A similar distribution was made on June 13, last.
Prior to the recent split-up of the stock on a two-for-one basis, the
1943 -3; old
$100 par stock received $1.75 per share on March 10, 1945; $2 on
$1,392,682 :
Dec. 12, 1944, $3 on Aug. 30, 1944, and $2 on March 3, 1944.—V, 162," '
$0.55
"PT3557
/:• j,^ //V;
: //o
/ i/';
$50
the
of
1
directors on July
The
on
follows:
;
88-Cent Dividend—
To Pay
shares
as
maturity
the
the respective numbers
agreed to purchase arev
Underwriters—The principal underwriters and
redeem at any time
all of its $3,202,470
outstanding Louisville & Nashville RR. and Mobile & Montgomery Ry.
50-year 4y2%,first mortgage bonds, dated Sept. 2, 1895, at par and
accrued interest to Sept.
1, 1945.
Payment is being made at the
Central
Hanover
Bank
&
Trust
Cq.,
trustee and paying agent,
70 Broadway, New York, N. Y.The
on
1
,
.
To Retire Mobile & Montgomery Ry. 4*/2%
22,299
.
$30>172,900 of Unified Mtge. 4s
.
1,015,330-
371,230
. 19,512 S
)Minority ; interest
Also Calls for Payment
.
/i The company has also called for redemption on Jan. ], 1946, all of
its $30,172,900 outtsanding unified mortgage 4% bonds, with extension,
agreements of series B attached, due Jan.T, i960, at 104 and interest.;
Payment will be made at the Central Hanover Bank & Trust Co.,
trustee, 70 Broadway, New York, N. Y.
' v';
>
Immediate payment will be.made at any time of the full redemption
price,; together with accrued interest to Jan. l, 1946, upon presentation
and surrender of said bonds.'
.
.
$3,917,241
41,600
869,232
,
33,4%:
called for redemption on
Oct.
l, .next,-at 105 and interest.
Payment will be made at the
United States Trust Co., trustee, 45 Wall Street, New York. N. Y.
? Holders may immediately, or at any time prior to the redemption
date, obtain payment of the full redemption
price, together with
interest accrued to Oct. 1, 1945, upon surrender of said bonds.
series E.idue April 1, 2003, have been
bonds,
$2,415,656
58,432
$1,741,574
41,174
$24,654,000 outstanding first and refunding mortgage
All of the
*
12 Months Ended June 30
J
.
1945
: ;1944
16,968 J"
dividends
Balance Sheet/April 30, 1.945
-
-
Assets—Cash
in
and on hand, $1,054,231; U. S. Government
securities, $607,518; accounts receivable, $746,690;.
banks
and other marketable
$1,859,340; accident compensation fund, $136,008; post-war
credit for excess profits taxes, $410,658; cash surrender value of life
inventories,
insurance, $24,932; miscellaneous security investments, at cost, $387;
fixed assets (net), $773,291; patents (net),:$789; prepaid expenses and
other
deferred items,
$45,724; total, $5,659,567.
Liabilities—Accounts
payable,
$193,795;
-
dividends payable,
.J
$7,570*
provision for renegotiation refunds to U. S. Government, $1,029,646;
accrued Federal income and excess profits taxes (net), $76,679; other
accrued
liabilities,
$174,615;
reserve
for
post-war . contingencies,
Volume
355.
p,
•■
'k;V
calendar years
for
Inc.
Bros.,
i i
reconstruction work in prance and
Year
July 17, according to C. T. Ruhf, President.
The in-:/;
1939__T
100 big-Macks., allots 50 vehicles to each country.
The
than half
'
■
Federal Taxes
a
N,
Profit (Net)
$5,470,545
$144,818
$24,689
6,856,885
206,690
48,074
$2,497
156,118
42,835
172,762
Net
ry.
288,794
364,899
69,124
149,662
■461,315
67,340
228,811
165,163
1944-—,
10,986,788
477,147
120,957
71,676
.247,992
157,478
18,289
63,767
38,901
1945 (3 mos.)
2,759,104
Gross
after
income
.
this
H.
:
by
$1.24
A
approximately $254,288.
is
states:
Dodge, Treasurer,
E.
■
■
-
gage
to
pounds, and
7,664,147
zinc
concentrates.
"The
-
278$.
p,.
\.
,
share on
per
137.
162, p.
"J /'
9
'
$1.72
.
\
,
,
Oct. 1, next, $11,500
and interest. Payment
in Halifax, Charlottetown,
Saint John, Quebec,
Montreal, Ottawa, Toronto, Hamilton,
7 Winnipeg, Regina, Calgary, Edmonton, Vancouver or Victoria, Canada.
A total of $4,500 of 5V2% general mortgage bonds due Oct. 1, 1956,
: recently called
for redemption,: will also be redeemed on Oct, 'I, next,
at 102 and int. at any of the offices of The Royal Bank of Canada
called
been
have
for
redemption
on
V.
162,
p.
V.
355;
143', p. 2685.
"
Basket, Pasadena, Calif.
Market
....
.
.
,
Co., William
recently of¬
preferred stock series
A, ($15 par); :$1 dividend at $15.50 per share and divi¬
dend and 85,095 shares common stock ($1 par) at $11
t per share.
k
...
.
•
.
t" Of the stock offered 7,188 shares of preferred stock and .14,375
stockholders.
•
*
assets
the
all of
and
industrialist
the
succeed
;;.
1544.
p.
,,
subsidiaries.
'
book'value (cost less depreciation)
all of .the liabilities of a partnership
.
•
.
Cumulative
par
.preferred, stock. series: A
dividend
$1
Additional
'.
stock
Common
.
,/——
,——
($1 par)
——— •
j/
-
Shares >/;. Shares; -:,
.
•
V
.
»
, , ,
42,548
. ,
57,452
300,000 -,/■■
»
•
.
'
;///
42,548 ?
-
None
85,095
.
v
; :
of capitalization gives effect to the amendment
incorporation approved by stockholders in June.
The above statement
-
•of
the
articles
of
whereby the authorized capital stock was changed from 5,000
capital stock ($100 par), to 300,000 shares of common stock
($1 part, and 100,000 shares of cumulative preferred stock, of which
42.548 shares are series A ($15 par), $1 dividend, and 57,452 shares
are subject
to future determination by the board of directors as to
'series designation, dividend rate, redemption price, conversion rights,
,1945,
'
^
'
* *
.
Period End. Mar.
preferences.
Such amendment, together with appro¬
priate action by the board of directors, resulted in the reclassification
of the 3,536 outstanding shares of capital stock ($100 par), into, and
the exchange of each share thereof for, 10 shares of such preferred
stock, series A, 20 shares of such "common stock, and warrants for the
purchase of 10 shares of such common stock at any time on or before
"July 1, 1950, at $12 per share.
The statement also reflects the issu:
ance and sale by
the company of 7,188 shares of such preferred stock
and 14,375 shares of such common stock included in the shares now
expansion
issuance
of
warrants for the purchase of a total
of 42,550 shares of common stock, at any time on or before July 1,
"1950, at $12 per share.:;
' '
;kk
will
Net
(Expressed in Canadian Currency)
31—.vk 1945—Month—1944
1945—3
$1,160,599 .-$985,133
&.:deprec.-.«s.,,-. 894,221 ■•;%.* 848,747
exps.
earnings
—V.
■
—„
the
renegotiation
a
estimated
was
1944,
as
published
31,
the
company
the
amount
settlement
arrived
was
the annual report, the net profit of
reduced by $287,987 from $1,214,114,
report, to $926,127, this reduction
in
have" been
would
shown
In
annual
the
being the net effect of a reduction of $1,035,000 in net sales, a reduc¬
tion of $830,149 in the provision for Federal income and excess profits
and
taxes
reduction
a
k'-y •}
I"'"-'-1''.-'
' •yf'v'.j-.'i!
$83,137 in the amount
taxes.—V. 161, p. 1775.
of
of
Federal,excess profits
on
**•
•'•'.*• .L- '
/
<
1945
■
6266,378
$136,386
.
-
2335.
p.
$177,568
■
" $0.46
The
revenues
——
oper,'■ rev. >
of
10c
31,
y
-
taxes
Reduction
Gross
loss
on
——_—.i—i.-
t,
sale
loss
income
'
income
/♦Tax
,
income
loss from sale of securities.
adjustment—
:
transferred
1,384,638
554,000
—_1—
surplus——/————_
earned
$1,938,638
——
—
to
•
-
there was a net unrealized apprecia¬
based on market quotations at that date,
30,- 1944,
Z
/ Balance Sheet, June 30^ 1945
■'
/',
expenses,-
$1,316;*/accrued
payable,/ $3,391 p reserve
in
Federal
taxes
on
income
due. to
1775;
-
securities owned
ernment.—V.
162,
taxes,
$6,740;
$603;. capital
Interest
for
;/
and
June
$160,070
8,116
7,749
$177,818
„—
$168,186
capital
15,229
$136^58
.
.
Interest Payment—
Alleging that
•
■
there
;:
tNet
taxes.—
/
§8,872
vi"
*
,./
.
.
♦ 3,943
$151,428
declared
$148,890
$149,363
108,000
income
Dividends
amortization of cer-
is
no
Objects to Overdue
108,000
108,000
—_
Surplus.
♦No
.
;
of reor-
T'ganization will ever be adopted. or become • effective an independent
bondholder's group
headed by Andrew W. Comstock- objected at a
before Federal Judge; George H. Mo,ore to all six petitions
by the
trustees
of the -road for authority to disburse some
$18,000,000 in over-due interest and pay off $24,183,000 St. Louis Iron
•Mountain bonds.
:
' :
;
/
hearing
filed
....
.
The
objectors
contended- that. funds
.of. interest should be used in reduction
funds'for
proposed
used to retire
and
Mexico
a
The
iot «the
instead.
*
/'.>
independent bondholders'
court
-Mountain
now earmarked for payment
of funded debt of the road and
Louis Iron Mountain bonds be
.portion of bonded indebtedness of New Orleans, Texas
,
.
of tSt.
retirement
the
-
suggestion
bonds, be^ ordered
/
"
.
group
that
till the
no
taxed
to
($115,239
/.
income
tax
.
t
,
retirement
St. Louis Iron.
full investigation
of
a
108^)00
*'VT
k:-$7^39
a
regulated
of
"/k:/
:,/'/; /: '
v ■
;;
The
be
"
(b)
basis
sales of securities (computed on the
to profit and loss on securities sold
Federal income tax purposes by a loss
$374,415.
unrealized appreciation in value of securities ^owned
Realized net profit from
of
average
costs)
carried
approximately offset for
carry-over from prior years,
(c). Aggregate
as
compared with cost, after deducting
at Dec
31
1944* for state and
*-$15 500
for
Federal income
.
recommended for consideration
$41,363
provision for estimated Federal income ta,xes hiay
required if the corporation elects to be taxed as a teguldted
investment company for 1945.
3"''
not
made
'
completion of
'
$40,890
made for
as
results
Notes—(a)
"
,
:
■
,$7t510
Federal income taxes as corporation! elected
investment comnanv.,
-tWithout giving
security'transactions./ fNo provision for Federal
required.
§Includes estimated Federal income (taxes of
provision
be
effect
$43,428
.
'*$6,300.;//./
certainty that the present plan
14",p08
t?---ml
J'.1 ¥'!"./M r. 1
/
$1,938,638
;
.
:
N
//'•//.
state franchise
other
$128,^99
' 8,?59
i*.
$168,535
19,296
17,517
Fed.
'• '
,1942/
$160,787
7,539
.
-
30
1943
$170,278
for
stock,
Ended
1944
bonds_
on
Total
Months
6
1945
Expenses
Prov.
':/'"■
'
Dividends
to
Missouri Pacific RR.—Bond Group
.
?
on
-
137.
p.
■
;./'/i::
•
Account
Income
by the. Federal Gov¬
tain facilities under necessity certificates issued
,
:
distribution,
for Federal
i:
♦Reduction
>
(market value $944,-
custodian
holders.
——
special tax
-
.
$4,839,878
1———--t--—2,901,240
adjustment
Net
$18,403
Cr24,883
.
before
$12,881
$9,893
$10,798,,;
June 30, 1945, at their value based on
market" quotations on. that date, andafter deducting .the. dividend of
15 cents per share" payable on July 16, 1945, the net assets of cor¬
poration ;on/ June 30, 1945,r, amounted; to $10,303,702/'equivalent to
$28.62? per share i.on. the 360,000 ■ shares of outstanding capital stock.
The net assets -value per. share was $26.46 on
March 31, 1945 and
$25.97 on Dec. 31, 1944.
In computing each of these per share net
asset values, no deductions have been made for Federal income taxes
on
unrealized appreciation.;
If the unrealized appreciation had been
realized on these dates, the Federal income taxes thereon wbuld have
amounted
to
approximatelY ? $602,100
($1.67
per
share) ,
$414,000
($1.15 per share) and $374,000 ($1.04 per share), respectively. Under
existing laws the corporation may elect to be taxed as a "regulated
investment company" and
if such appreciation is hereafter realized
and this election is made, the corporation will be relieved of
such
taxes
to
the
extent that
realized profits are distributed to stock¬
1,782,600
—
——
l^et income, including special tax adjustment——_
Net
363
par); $67,398; paid-im surplus, $955,033; security profit and
account
(deficit), $291,872; undistributed income, $2,983; total,
Taking
transportation properties— Crl,247,000
of
7,077
639
($1
$16,160,201
10,809,606
income
deductions
Total
—
—
income—^
on
or
$45,144
$745,593.—V,. 161, p.
1945
12 Months Ended May 31,
revenues.—
from
$25,480
7,458
,
West Penn Public Service Co^
(Name changed from Monongahela
V :
federal
1942
$20,339
5,965
1944
National Bond & Share Corp.—Quarterly Report—
■•
operating. expenses
June
of
'
redemption
^
operating
profit
At
C
>
// Liabilities—Accrued
Monongahela Power Co. (& Subs.)—Earnings—
Total
1943
$16,221
cost, $724,019; cash in hands of custodian, $19,804; • accrued
dividends receivable, $1,615; deferred charges* $154; .total;. $745,593.
/
"
Total
.
Assets—Securities owned and held by
$3,-920,330
3,741,489
4,027,370
•
Operating re*venue for May^ was $243,268, a new high for the comand 52%
more
than the corresponding figure for May,- 1944,
to J,:W, Miller, President;
Revenue passengers - numbered
k 11,474- compared with 6,111 fpr/lVlay,"/ 1944, an- increase of '87.8%.
Net profit after, income- tax
was $14,429 against $18,205 for May,
1944. ,/■•'
.; V.'.'.'k
" - :
' ;
The passenger load factor was 75;6% against 78.8% for the corre¬
sponding month last year,:; Mail and express pound miles of $59,173,; 947 during May compared with 43,385,207 flown in the like period in
1944.—V. 161, p.' 2662.
"
"
'* • "
" *
Income Account,
■
825)
pany
Non-operating
1_-
'//
/
't according
Consolidated
.
6,153
k
amount
was
$17,590
income
in
tion
Inc.-—Operating Results— /•
Mid-Continent Airlines,
•
■' /■
—
♦Net
1945
Statement For Six Months Ended June 80
_—--
Taxes
$670,234
$924,691"
$4,170,708
767,257
fund as of June 30,
1945
stock
$790,078"
the
shares of
1944;;-
Expenses
'
r
setting aside an amount to cover above dividend
17% in the asset value since
Income—dividends
$3,134,267
2,464,033
$6,788,238: $6,092,297.$33,031,379 $29,786,101
.,
4,044,834 21,312,222 19,869,857
^ 1,257^85
7,548,449 " 5,995,914
Operating revenues—
the
*
-
This shows-a gain of
share.
per
Income
/' 1945—Month—1944
1945—5 Mos.—1944
$6,796,116: $6,101,076 $33,073,952 $29,837,231
•
7,878 " •
8,779
42.573
51,130
"
of
value
asset
$14.14 per share after
,
Fund, Inc.—Quarterly Report—"
Mutual Investment
Michigan Bell Telephone Co.—Earnings—
Uncollectible
"
'
...
1944
profit after charges and taxes
—„„Z $259,774
Earn, per sh. on 202,182 com. shs.——"
*
$0.86
161,
\^ '
-4
'kkk.f
.
6 Months Ended June 30—
•
refund
post-war
!•*'* '"'- r-2
;vV-k.'-.*•-}'
Vy
?(4*;Muskogee Co.—Earnings
Mos.—1944
$3,539,561
> .2,614,870
the
on
the year 1943, and such reserve
as published.
Subsequent to
report
such
•
Period End. May 31—
•
42,548
report,
of
♦Exclusive of
/
182, p;-249.
■
Purposie—Of
such
for
at
annual
1944
results
Notes—(1)
also be outstanding
shares of preferred stock and the 85,095
shares of common stock now offered, 35,360 shares of preferred stock
and
70,720
shares of
common stock, constituting . all of the
out¬
standing stock of the company, are under option to Bateman, Eichler
;& Co., one of the underwriters, from the stockholders of the company.
.Company will receive no proceeds from the sale of such outstanding
('shares.
'■
■
From the sale
to the underwriters of the remaining 7,188 shares
/of preferred and 14,375 shares of common now offered, company
will, receive net proceeds of $227,419 which it expects to apply to
the purchase of all of the outstanding stock of Doleshal Bros., Inc.
(Calif.), comprising 34.000 shares, at.$6.765 per share, or an aggregate
purchase price of $230,010.
Doleshal Bros,, Inc. operates 19 meat
markets in various retail food stores operated by the company.
Of
fthis purchase price of $230,010 for all of the outstanding stock of
Doleshal Bros., Inc., approximately $128,000 .represents consideration
i for intangible property such as goodwill and gotng-concern value.
t
Bateman,; Eichler & Co,-acquired from the stockholders of Doleshale
^Bras^,. Inc.,..under- date of April-3* 1945,-an- option expiring July 10,
^1945, to purchase all of the. outstanding stock-of-Dolesh&l Bros., Inc., •
at the aforementioned price.
Bateman,, Enchler & Co. has agreed to
assign this option to the' company without the payment of any con- ,
.sideration therefor end the company intends to exercise "this option
.concurrently with the purchase of .the-shares of preferred and "com¬
'f
$665,000,.- which
of
amount
the
providing for a
Dec.
•
liquidation
There
112,013
$451,548
$0.64
$523,794
.
$0.77
refund of $1,700,000 for the year 1944.
If the de¬
renegotiation had been reflected in the con¬
solidated statement of income and profit and loss for the year ended
offered.
"■
the
in
the settlement arrived
of
finitive
Co.—Calls Bonds—
from oper,
earns,
>Oper.
*
'
/
130,001
—1_„.
;
$339,536
$393,793
but
in
-
•
1,246,143
proceedings
reflected
shares of
'and
share,,
was
•
Authorized.Outstanding ••
•
($15
-—,
series
*
,
Present Financing
,l
■*.
•
-
.
t"
•
basis
,
at
post-war
109,021
1,425,796
taxes
—
per
^provided
New
.
prof,
exc.
—
completed,
outstanding first mortgage
the
of
Operating
Capitalization Giving Effect to
'i
of
building adjoining the
Between 75% and 80%
K-
•
,
has
Mass.,
Holmes
84,574
and
normal
for the year ended Deo. 31, 1944, have
renegotiation proceedings for any period subse¬
quent thereto have not been commenced.
At the end of 1944 a reserve for renegotiation of war contracts was
to disclose the name of the magazine.
finished.-He refused
161,
•
no
M.
$1,694,700
before post-war credit-—„„—
Renegotiation
been
money
f Gross
,
assumed
new
a
4,312,943
.E- Geobegap. which,: Operating, expenses _v'Operating taxes irU-—"
1,629,487
since.
and grocery business
,under* the fictitious firm name of '.'Market Basket.'' -/Company lias
Net operating income *
$845,808
continued and expanded the business so acquired and-operates a chain
"
826,833
of retail food stores, commonly called super markets, In Pasadena and / Net income
other communities north and ea6t of Los? Angeles, Calif.
Company /—V. 161, p. 2662.
:
Uxbridge,
$7,000,000
a
- construction of
one at Dayton,
of . Arthur H. Cauthers-apd Harold
1930, had been Engaged in the retail food
has
Earnings
its productive capacity at least 60%,
announced on July 18.
He said the
President,
the
includes
begin
to
increase
to
Warner,
comprised
•
of
Charles
late
141,955
$1,904,163
—
profit
Dec.
Company— Market Basket .was
and as of Jan; 1, 1939; acquired at
v
$1,552,745
146,461
credit
Ik, Mexican Light & Power Co., Ltd.—Earnings—
incorporated in California in 1938,
.i
137,282
635,431
—
Fed.
profit
Net
by the company.
and sold
issued
being
are
16,908,47.9
120,131
854,730
'
Net
6%% serial bonds have been
r called
for redemption on Oct. 1, next, at 109 and interest, plus a
/premium which shall be equal-to V2 of 1% of the par value thereof
of
the unexpired
term of each such bond.
Payment will be made
at
the Crocker First National Bank of San Francisco,
trustee, One
Montgomery Street. San Francisco, Calif.—V. 144, p. 3678. /k/: /
' k
shares of cumulative
common
19,263,623
—
for
Post-war
Warner said
All
The
.balance, 35,360 shares of preferred and" 70,720 shares of common
stock, are all issued and outstanding and are being sold by certain
of
shares
.
'
1944
$21,996,186 $19,233,938
—
for
charges
—V.
Stocks Offered-*-■
—
Bateman, Eichler & Co., Nelson Douglass &
lR. Staats Co. and Maxwell, Marshall & Co.,
fered 42,548
to
Merchants Ice & Cold Storage
■
-
above.—V.
Corp.—Earnings—
Net
-
"mentioned
382,387
sales,
Provision
■
prominent
plans
designed
plant is
tot 4% %* first mortgage bonds due; 1956, at 102
will be made at The Royal Bank of Canada,
489,030
1945
income
Other
present
Ohio.
will go for new equipment.
the company published 245,000,000 magazine copies
'
(in 1944. including
12 other magazines in addition to its own live
■:'? publications.
Mr; Warner said the company also would publish one
of
the
nation's
largest
monthly magazines as
soon
as
the new
the
Mr.
5« / *
- - i
Ltd.—Partial Redemption—
1 * t.
Maritime Electric Co.,
There
amount.
director
corporation's
of
528,325
384,307
,
Corp.—Plans $7,000,000 Expansion—
B.
.program
^
K
and
a
corporation
The
William
$653,990
,$429,022
common——$1.11
511,474
38a,184
...
sales, less returns and allowances
of
Other
deceased
J. .Walter,
program
31,'44
Apr. 30,'45 July
454,095
340,666
;;vVvk
during
loans
policy
Bedford, Mass., who died on Feb. 27, last.-r-V. 161, p. 465.
■(:
Mos. End.
Mas. End.
;
,
profit after charges -and taxes/—-/.-—--
Earn,
12,
p.
the
«-
—V.
in
totaling
number
elected
McCall
.Twelve
Nine
Period
*
of
force,
Harold
Ltd.—Earnings—
;
Net
both
been
,
'
'
j
Income
$1,757,702
is now
assets
company
$2,239,339,883.
This represents a six months'
gain of $41,445,672 and an all-time high in the company's history in
the premiums at the rates
will be continued."—V. 161,
1,272,133
depreciation
Shipping, selling and admin, expense———_— /
policyholders
in
cies
,•
k:''C:/-'
■;
Maple Leaf Milling Co.,
:
,
80,865
1,355,105
;•
Provision
received $13,801,257, and $11,263,243
went to
policyholders.
There were 356 claims paid on the death of members of the armed
forces.
The total of these payments,
$1,215,416, represented 10.8%
of total death claim payments during the period.
At June 30, Massachusetts Mutual had 565,241 life insurance poli-
Living
above are fully attributable to payments
Government, premium price plan on copper and zinc
There is no assurance that
to this six months' period
applicable
■
.
58,781
1,498,993
,
recorded
was
beneficiaries
produced and shipped 4,993 tons
was
r
75,945
1,425,210
railway
oper.
162,
Cost
Payments to policyholders and beneficiaries amounted to $25,064,500,
an
increase of $3,364,535, or 13.1%, over the same period a year ago.
•
86,795
railway—
from
ry.
the first half of 1945, the
mid-year total standing at $31,515,612.
In the same period, premium
loans were reduced from $10,116,937 to $9,518,067.
,
127,287
'
income—
Mullins Manufacturing
year,
f
-■;:>v-.-..vf-.: -,,7
Reflecting the continuing high national income, a decrease of $1,782,-
962
reported
profits
received under the
/produced.
!;
there
,Vc;.
,
of
$110,251,274
last
months ended June 30, 1945, the mine was operated
with a crew of approximately 60%
of normal, because of the labor
shortage.
Owing to this condition, the smelter is being operated inter¬
mittently and was closed down the greater part of May and June,
resulting in
an
accumulation of approximately 3,000,000 pounds of
recoverable copper in unsmelted ores and concentrates.
The actual
smelter production of copper during the six months' period amounted
of
of
103,529
108,866
6 Mos. End. June 30—
The company has sold 646
owned 187 prop¬
to $13,975,616.
$18,917,196
$252,168
44,167
l—
Net
Gross
invested in mort¬
loans and real estate, compared with $101,165,448 at the close of
total
a
source
from
sales,
1942
$179,566
company.
foreclosed real estate were reduced,
period holdings of
same
properties during the past 3 V2 years, and on June 30
erties other than the Home Office building.
n
$0.89
"During the six
,
:
$0.69
:
$504,925
$362,275
$280,343
——-
'—//■
-
of
i securities.
in
May $330,288 for premium price plan adjustments on its 1944 produc¬
tion.
After deducting estimated Federal income taxes the net profit
from
.
♦$385,854
-
the
In
non-recurring profit of $20,058 resulting from sale
In addition to the above profit, the company received
"Includes
$220,000,000 U. S. Government
reported in the ledger assets of the
1943
$275,095
Morris Plan Corp. of America—To Increase Capital¬
ization, and Split-Up Shares. — See American General
Corp. above.—V, 161, p. 570.
Purchases of $50,000,000 in
-
of
per
share
stock——.
capital
1942
'
prov.
taxes™-
all
for
Earnings
1943
1944
1945
30—
6 Mos. End. June
Net
railway-
Jan.
from
—V.
the Seventh War Loan brought to a total
security purchases by this company
in the seven drives* it was reported by Bertrand J. Perry, Chairman,
at the July 25 meeting of the directors.
In
the
first
six
months of
1945,
a
gain of over $39,000,000 is
:
Co.—Earnings—
Magma Copper
,
Co.—Results for
railway--,
oper.
Net
First Half of 1945—New Director Elected—
of
from
From
■
Massachusetts Mutual Life Insurance
1944
$309,962
JuneGross
146,113
10,074,205
„
1945
from
Net
8,374,277
10,027,169
1943,
RR.-r-Earnings-
Montour
Income
1941—
.
the New Orleans, Texas and
independent trustee appointd for the
an
M., whicxv company the objectors contend is solvent and
amply able to meet its obligations as they mature and therefore is
not
in need of reorganization.—V.
162, p. 355.
$120,129
1942—
Co.—New Circuit—
Inauguration of a new direct circuit between New York and Berlin,
Germany,
was
announced on July 18 by this company, operating
subsidiary of the American Cable & • Radio Corp.
This circuit was
.formerly assigned to the Ninth Air Force.—rV, 162, p. 249.
/ •
by
mortgage
&
■Net
Excess
Surtax
73,196
Mackay Radio & Telegraph
;
first
T.
O.
'
.
Normal &
Income
on
Mexico
Basket and Doleshal
of Market
follows; •
Federal Taxes
.
Net Sales
1940,._
million dollars.
While the French-owned trucks started overseas last week, the first
"of the Belgium shipments will not take place for another month.
Both
orders were placed
with Mack through the United States Treasury
Department.—V. 162, p. 11.
•'
;
7 "
total cost is more
as
are
Profit Before
•Shipment of the first trucks for
Belgium began
itial order for,
earnings
combined
v':;- /kJ;//
::::
the extent of the possible retirement of
of
offered which are to be sold by the
;.„■ ■■
"
now
company
underwriters.
Earnings—-The
/,/■/
Inc.—Ships Trucks to Europe—
V(
Mack Trucks,
the
to, the
company
"par), $1,696,800; earned surplus,
of
stock
mon
>:
preferred stock ($100 par), $378,500; common stock ($10
$1,632,995; total, $5,659,567—Y-. 162,
8%
•$468,966;
461
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4407
162
^Increase
unrealized appreciation
vJune-30, 1945," $535,751."
in
$24,300 at June 30,-1945 and
municioal taxes (no
taxes): At June 30.
deduction
-1945,. $2,2161382:
At
during the six..months elided
'
Balance
Underwriters—The
1945
June 3(1,
Sheet,
in
banks,
payable
July
$54,000;
1945,
16,
R. S.
E.
and
I>r$2,C58,639;
A.
Sherrerd
&
Co.—Earnings—
Nassau & Suffolk Lighting:
Total
operating
Operating
1,011,106
973,055
74,977
118,626
145,385
88,328
176,276
176,503
150,331
205,122
272,774
expenses—
57,156
;
88,176
——
(incl.
1,770,139
•
Emerich
Ames,
&
Co
Boenning
&
Boettcher
and
Coburn
3,500
200
'
V.
-
2,000
Inc
200:
200
2,000
& Co.—___—
Space & Co., Inc
Operating
$170,065
$408,680
$334,635
1,126
1,109
2,330
4,575
(net)——
$245,935
$171,174
$411,010
200,
122,940
275,327
246,163
deducts.—
inc.
Johnson,
Lane,
Paul
Net income——':
$93,047
$135,683
$48,234
$147,311
C.
K.
Netf
Schoellkopf
Jenks,
Kirkland
Irvine
has. been
pointed Assistant to the Vice-President in charge of finance.—V.
p. 1558.
Herbert
ap¬
159,
Robert
J.
budget
Myers,
of
officer
this
company,
mechanical
order.
it
reasons
position
and
3
Consolidated
of
Cost
Other
1,000
100
a new
Co.
31
7
Assets—
/Lt,-..:
Deferred
'
^oversubscribed.
quarterly
••••'.
.
,
first
the
on
*11
the rate of $1.18%
dividends at
Cumulative
payable
per
Feb.,
of
days
V'
,
'
.
V-
share per annum,
.
in
time
any
,
profits
•
taken
manufacture
the
containers.
■/
,
,
29,450
\
for the mill.
.
in
a
1935
the
and
directors,
It was $8.33.
its
to
interest
majority
a
the
serve
to
are
in
4,
1944,
in
II
_I
be
nominees
expanding
rapidly
.
general
business
30,
Sheet June
$220,611;
banks,
in
receivable for securities
ceivable, $17,220; total, $8,087,618.
payable,
Liabilities—Dividend
for
purchased
on
capital
$8,087,618.—V.
V.
31,519
—
1945
'
'
•
$156,641;
Net
the
Container
manufacture
and
sale
and
tainers. made from'kraft
The
company
completely
finished
is
in
Sinking
V
—V.
for
due
capital
stock
re¬
the
but
manufacture.
The
the industry which achieves a
manufacture from the forest to the
kraft
pulp
at
its
Jacksonville,
year
plants, the major portion of which is
of kraft paperboard by the company and its
of this paperboard is sold to other box manu¬
•
company
plants
Jacksonville,
Fla.,
and
operated
in
the greater part of it in the manusolid fibre shipping containers at four
uses
close
by itself and its subsidiaries located at
proximity to the mill; Long Island City,
Authorized
»(
5%
15-yr. sinking fund debs.,
Cian.
pfd. stock
conv.
Common
-"Of
ferred
stock
($1
par)
which
133,333 Mj
stock
and 90,000
1959
($25 par value)
—__
shares
shares
are
are
$4,500,000
100,000 shs.
*1,000,000 shs.
reserved
:
V*
for
$4,500,000
100,000 shs.
660,964 shs.
conversion
of
the
pre¬
♦Federal
cess
Other
Reimburse
agon
the
company
for
following purposes:
a
of
working capital and for general corporate pur-
the company
i
has
7,235,209
1,724,245
6,995,953
3,919,056
16,269,741
153,232
tl,473,854
3,738,166
3,459,819
1,145,790
14,795,887
the
:
Income
Interest
deductions
___
1,101,935
subsidiary's
income
2,636,232
2,314,029
10,280,091
1,944,626
9,334,206
Earnings
of
to
American
945,885
$6.61
369,402
$1.69
$1.49
share——
of
excess
profits
tax
credit
of
540,000
were
,
Securities
on
rates
•;
Corp.—Quarterly;;
the basis of June 30, 1945 market
income taj?
be payabla
1945
income
of Its pre¬
$94.97, peri
■■y
the
common
1943,
North
Commission
order.
The
the
for
common
Co,
stock.'
owns
As
stock.
all of
•>
reported
Six Months
Ended June 30
1945
Miscellaneous
for Fed,
for
1944
1943
$139,476
$136,324
$130,998
expenses-
1,031
943
904
——
1942
$133,349;
•
991-
tax_
8,000
8,100
7,800
taxes—
450
450
450
2,000
v———_
$129,995
$126,831
$121,844
$124,55^
inc.
other
5,800;
Net income
10%.
charged
■ ■ <,
the preferred stock and 80.62%)
previously
American Co. submitted a plan of reorganization to thg;
designed to accomplish the purposes of the Commission's'
plan is still pending before the Commission.
i-'.i
Earnings for
Prov,
to miscel-
'
or
American
North
corporation'
30, 1945 to a preference!
$8,205,000, including accumulated dividends
still unpaid.
There continues to be ro equity in
share,
per
15,
or
.
2790.
p.
Utility
and
$136.75
June
the
162,4
,
company
Balance
employees' service pension accruals, which
■
con¬
stock.—V.
North American Co#
has
been
directed
by the SEC
to sever its relationship with the.
corporation by disposing of its direct or indirect ownership of the
securities issued and property owned by the corporation.
In August;
of
$6.08
tOperating expenses exclude amounts of $237,717, $188,096, $805,471,
for the respective periods shown, representing that portion
of
preferred
in
use
520,624
$718,873,
i
York
would
•
current
The
■
8,945,281
302,680
per
second
it
for
appointed Executive Vice-President,
He.
in charge of sales and distribu¬
been
the
of
1938.—V. .161,
since
•Prov.
deduction
$1.60
Corp.
preferred share:'on Dec. 31, 1944.
The preferred stock is entitled as of June
.
♦After
.*
after providing for the additional Federal
(approximately $280,000) * which would
if
the
appreciation, werq
realized, net assets of the
amounted to
$6,238,065, equivalent to $;03.97 per share
ferred stock outstanding, as compared with $5,698,280, or
,
Dividends
the
by
preferred;
.
the $63,000,000
Power
* «
Corp.—New Official—i
Valuing security investments
9,465,905
2,333,552
________
sale of its
Corp.
■
has
director
a
Income
Net
of
Eastern
&
4,626,037
net—Dr
application
an
the
Power
<
been
14,091,942
4,515,796
income
income,
on
bidding in
York
portion
a
Niagara
Ward
H.
quotations
796,859
operating
hearing
a
from
■Report—
14,888,801
180,890
provide
to
of
North
6,484,898
3,613,051
for
New
.
tion
11,708,311
2,955,566
1,832,033
3
Central
•
assets
2,178,783
of
appropriate voting power be extended to its:
stock.
The Commission directed the company
outstanding $1.60 cumulative preferred,;
Noma Electric
$
25,749,126 108,628,076 102,896,539
17,456,263
78,127,172
69,814,529
an
presently
August
Buffalo,
to
Joseph
ex¬
tOther
1,000,000
subsidiaries
.poses
&
$>
$
-
profits taxes
Balance
$400,000
500,000
—
Pay off loan from Marine Midland Trust Co
_______—
Make improvements to the mills of the company and its
Increase the
income
_—
Net
portion of the shares of Onton¬
Fibre Corp.__
~
taxes
Total
for
preferred
reserved for issuance upon exercise
Purpose—Estimated net proceeds to be received from the sale of the
stock and from the sale of the common stock purchase
warrants will be approximately $2,440,000, which company presently
use
:
'
20,267,285
of warrants.
to
.....
28,197.157
preferred
intends
'
"...
'
corporation and its subsidiary, Buffalo
extension to Dec. 19, 1945, to comply;
June 19, 1944, directing B. N. & E.
the
order
exemption
p. 356.
1945—12 Mos.—1944
1945—3 Mos.—1944
Period End. June 30—
^
50.000
y.
3,504,705
that
its
in
holdings
tribute
Telephone & Telegraph Co.—Earnings-
tOperating expenses
Outstanding
5%
week ended July 20, is reported at 100,737,000
1,189,000 cu. ft., or 1.19% above production of
corresponding week a year ago.—V. 162, p., 356.
1
New England
6,291,764
and common
jStock, one class of new common stock.
Bidding Exemption—
:
for
Association—Output—
the Association
Operating revenues _i
Capitalization Giving Effect to Present Financing
^
for the
increase of
584,422
3.554,705
WH-kr
:.
Niagara Hudson proposes to sell 41,516 shares of Central New
176,550
•
•
Nr.,Y.; Oakland, Calif., and Bradford, Pa.
an
99,548,000 cu. ft. in the
258,333
Corp.
and
set
stock
...$273,892
220.170
granted
for
SEC
at
output
ft.,
8,333
956,042
preferred
$5
.
ago.
Gas
cu.
6,550,097
other
has
recapitalize
Asks
$104,391
$97,342
refund of $18,863 in 1945 and $14,298 in 1944.
.Canadian-,, subsidiary before- taxes, for the nine
ended May 31, 1945, show an operating profit
20,
592,755
Class A stock
19447
$324,561
profits taxes_____
July
1,039,376
Commission's
corporation
31—
ended
week
5,638,079
83,334
&
Eastern
&
the
substitute
to
dollars)
the
2,196,480
9,468,173
13.
SEC
Niagara
reports electric output
of
13,251,700 kwh.
This is an increase of 804,578 kwh., or 6.46%
above
production of 12,447,122 kwh. for the corresponding week .a
For
9,983,500
2,991,000
2,362,782
939,626
surplus—;
162, p.
present
1945'
England Gas & Electric
New
-
Mich.,
corrugated
converting
own
f
$50,807,29^
394,528
5
1,884,604
__™_!
to
1945—6 Mos.—1944'
1,684.000
—
438,583
income—
funds
t
$8,417,367 $49,027,541
Niagara Hudson Power Corp.—Extension Granted—
etc.,
total,
------------—————
post-war
of. the
operations
engaged
few in
of
manufactures
A portion
of
facture.
the
process
their
of
are
After
31,183,10$"
„
,
Chicago—Sales—
excess
1945—Month—1944
appropriations
Balance
of $16,707 (same period prior year $6,241),
Net
profit after provision for taxes, less postwar refund, is estimated at
$6,707 (same period prior year $5,081).—V. 160, p. 11.
manufacture
subsidiaries.
facturers,
subsidiaries
profit
(Canadian
primarily in
of corrugated and solid fibre shipping con¬
pulp
It
Ontonagon,
the
its
of
one
integrated
container.
and
Fla,,
'used
*
14,423,334
excess
income
■>
$48,173; dividends re¬
sold,
____________
and
Operations
./.-v
time.
to
National
profit
income
months'
8,802,510
'
7,928,388
&
operating
retirement
Net
18,619,373
>
Other
July 14—
9 Months Ended May
Operating
I:
24,124,947
.15,687,437
York, Chicago & St. Louis RR. —Earnings— :-,CV
Net
Nestle-LeMur Co.—Earnings—
♦Federal
835,887
.22,923,002
3,712,514
'
356.
income
The
V
396,031
44,448,573
1,704,254
5,735,140
y,
6,332,777
profits taxes
profits taxes
railway taxes™
fV
to
■«.
10,248,177
39,446,326
&
income
Fed.
'
1945—4 Wks.—1944 1945—28 Wks.—1944
Sales
—$7,994,373
$7,829,639 $51,913,248 $53,161,782
At July 14, 1945, there .were 811 stores in operation, as against 852
a year earlier.—V.
162, p. 356.
1 '
1,
t
■ *
■-
10,674,943
9,843,685
3,016,366
Period End. June 30—
$164,926
retirement, $9,421; reserves for expenses, taxes,
stock ($1 par), $1,423,909;.surplus, $6,486,196;
161, p. 2789.
National Tea Co.,
Period End.
.
34,200,396
146,998
Income
p.
New
610
2,080
.
time
162,
with
1944,
28,771,383
5,198r443
charges™.
Fed.
excess
.
.
investments in common stocks—at
$7,801,614;
cost,
.
1,
—.—I-t-l'l—
income _L_._i_____.-__
"Net
$11,451:
:V
of March
as
:y
registration under Securities
with
Balance
minority
the
of
10,198,495
7,858,229
1,985,456
,
$199,135
;—;
___________—
connection
Assets—Cash
the cofhpany, through a
subsidiary, purchased the outstanding stock of Bedford Pulp & Paper
Co., Inc. (Va.), which owns a mill at Big Island, Va., and owns the
stock of Bedford Timber & Land Corp. which holds title to timber-'
:land acreage within 150 miles of the mill. \
'•
v:
■ ••
As of April 1, 1945, the company, through a subsidiary,. purchased
99.7%
of
the outstanding stock of Ontonagon Fibre Corp.
(Mich.),
which owns a cylinder kraft mill located at Ontonagon, Mich.
During
1944,
the company,
through a subsidiary, caused to be
organized two small subsidiaries for the purpose of owning land and
-making deliveries.
During 1945, there was organized National Con¬
tainer
Corporation
Foundation, a charitable corporation,
to which
contributions will be made by the company and its subsidiaries for
the purpose of making more regular in amount the charitable contri¬
butions the organization as a whole will feel called upon to pay from
March
♦Incl.
»■
,
♦Corporation has elected to be taxed as'a regulated Investment .com¬
and as such should have no liability for Federal income tax in
respect of net .income from dividends.
,
' / ['
■ ' * .1 '
the company sold in August,
subsidiary, National Container Corp.
a
duction of the Jacksonville mill.
On
■»
pany
the
.Pacific Coast, the company organized Corrugated Kraft Containers,
Inc., in California in 1940,
That subsidiary leases a plant specially
erected for it by the city of Oakland.
This plant also provided the
company with additional manufacturing facilities to utilize
the pro¬
to
1945 '
Ended June 30,
of 1933 y____—_—:
——
Taxes (other than Federal income-taxes)——™___
i;
r.y.v--y
10,642,839
8,361,807
•
income
Gross
the minority stockholders thereof.
order
In
Months
Act
approval of the stockholders,
the
With
(Pa.)
6
1__
expenses
Expenses
•interest.
1938,
Income
dividends
General
54,752,070
i..
39,186,939
'
'
VJ
of
;
;•-■
f
2,052,025
income
Net
Cash
'
:
.L:-'
■'
».;
fixed
1945
•
■
yyv-.-
6,309.782
Income-
oper.
income
Total
v
,
-
1,612,488
deductions
that the voting trustees shall elect
of whom are to be nominees of the
two
whom
of
two
ry.
Other
.
Corp.—Quarterly Report—
provides
agreement
of. four
board
company
•
.
company's predecessor organized
Container Corp.,
which operates
This
1953.
Net
,
Total
Statement
subsidiary known as
Northeastern
a converting
plant at
Bradford, Pa., and subscribed to 55% of its outstanding capital stock.
The 'remaining
45%
was
acquired
by two
individuals who were
employed to operate that subsidiary. All of the stock of Northeastern
Container Corp. is deposited under a voting trust agreement expiring
"?In
-
owned
Misc.
31,
$
11,469,483.
_________
$562,510
1944
1945—6 Mos.
344,229,850 358,505,202
42,432,403 265,628,689 259,354,241
63,372,603
.
at June 30, 1945,
company
pulpwood
1945—Month—1944
$
.
containers, but purchasing its paper from others.
In 1937
took an important step toward attaining a major posi¬
tion in the industry, by the construction of a kraft pulp and board
mill
at
Jacksonville, Fla., and thereby eliminated the necessity of
competing for the supply of its most important raw material. Thereafter, the company organized National Turpentine & Pulpwood Corp.
to
acquire
timberland. in nearby areas to serve as a reserve of
the
Earnings—
to
equivalent
shipping
$1,066,032:. $1,035,762
N
61,635,757
- -43,807,345
•Railway tax accruals__v 10,236,451
Equipment & joint fa¬
cility rents
1.282,179
Dr62,873
and' Its Wholly
162, p. 138. ,
corporation reports net assets of $13,261,789
The
;
y
.
Railway oper. revs.____
Railway -oper. exps:-_-_
$9.31 per share of the company's stock.
On June 30,
1944 the asset value of the stock was $7.70 per share while on March
j!';
in 1929 through 1937, the company's prede¬
as a converter, fabricating a wide variety of
operated' merely
^
.
.
$654,833
$798,734
;
Inc.,
Co.,
Paper
&
National Investors
corrugated
and sale of
-
2639;
p.
22,910
Drl7,387
18,049
(Including All Leased Llnesr
»i-
incorporation
its
From
cessor
in
to 15 years
fibre shipping
up
solid
and
Pulp
Bedford
Bedford Timber. & Land Corp.—V.
subsidiary,
'consolidation
periods
lncOme__Li L$l, 190,991
net
surplus
"Includes
corporation of the same name organized in
1928 as a
of
several companies previously
engaged for varying,
York
Hew
Adjusted
the business of a New - York corporation of the same name
been organized in 1929.
Such predecessor, in turn, had
over
all of the assets, subject to all of the liabilities, of-a
had
25,152
$1,102,253
Total-
30,23$
22,831
27,752 7
51,349
:
;
1,312,664
11,181
Dr7,082
Surplus
on
carry
$1,035,762
$1,000,000 : $1,000,000
•
:i.:X23,152
_____
_______
loss
Period End. June 30—'
negotiation settlement —._———-adjustments ____—______
.—1_JL'
'
$1,000,000
_____
credits™
and
VV, -150,
all of the
■which
$1)
(par
liabilities
Deferred
;
$2,086,449
118,952
$816,997
'y '
64,057
7,915
$1,066,032
$1,102,253
Current
Profit
i
131,-735
-
2,374,503.
$L 190,991
y; //• L;
History—Corporation was incorp. in Delaware in 1937 to take over
assets and properties, subject to all of the liabilities, and to
$863,790-
Liabilities—
New York Central RR.—June
net
income______—___
Reduction in profit due ,td final reSurplus
.
.
4.612
:
1943
$953,100
75,019
37,912
f: 75,000
3,283,053 '
taxes
•
assets
Capital stock
y;
16,979
in
whole- or
excess
surtax
;,V Minority interest in subsidiary____!
part on 45 day'g notice at
$27.50 per share, plus divds., Convertible at the option of the holder
into l'/3
shares of common stock.
..L:
.■
at
Redeemable
and
contracts.
war
income,
Federal
1942' '/
1944.
',;?
Total
-
,
.
and Nov.
Aug.
May,
of
renog.
for
Prov.
-
V
.
$1,011,503 ;
53,367 •'
37,383
t
,
t
$27,549
$33,462
•
31
Dec.
Sheet.
Current assets
1,883,223
116,649
for
J Prov.
5,849
29,677
$33,338
—
Balance
Investments
.
4,988,977
-
_$3-,387,761
'379,761
75,000
v'
chgs., etc.
incl. int.
deducts.,
income
of
General
$8,826,914
">
100V114
income- —$4,9-45,784
Gross
$63,075
7,229
28,764
1942
7,366,607
2,189,307
123,964 y v
$69,455
7,909
______
Balance
been
has
$3,287,647 " $1,954,714
$4,821,820
operations____„
on
income
Other
The issue has been
share plus accrued dividends.
per
profit
Other
Van Alstyne,
public at $26
group headed by
The stock was priced to the
by a-banking
July 25
Noel &
Net.
16,207
4,933
$68,974
income
Expenses
*
issue of 100,000 shares of 43A% cumu¬
lative convertible preferred stock (par $25) was made
^Offering of
5,806
100
1943
9,588,462 i
3.245.365
5,306
27,727
100
$12,843,561
$17,655,647
16,573
—_____
Total
;
$47,076
20,310
■__•
stock
'
1942$41,939
1943
$43,358
100;
Ended Dec.
Year
*1944
'
100,
purchase war¬
$18.75 per share on
aggregate of 90,000 shares of
Statement,
,
goods sold
gen. and admin. exps._
Selling,
Stock Offered—
100
<- ' v
Income
1
'
Co.—Annual Report—•
M944
Interest—,—
to purchase at
sales
Net
100
stock
'
Rubenstein, former department,
been elected directors—V, 159,
Rentals
company
the
aotion,
underwriters
1, 1950, an
(EST), Aug.
(par $1).
p.m.
the common
'
the
to
Watch;,
of the Rensie
co-owners
J.
have
Years Ended Dec. 31—
100
1,000
_l_
corporate
sell
Taussig,
Lawrence
.
1Q0,
& 1.000
1,000
:
entitling the holders .thereof
before
or
.
• - *■
National Container Corp.—Preferred
Inc.—
issue
to
ti,
——
—
appropriate
Warrants—By
,
.
Co.
Max
and
New Mexico & Arizona Land
1,000
Co—
——____—
& Co.,-Inc.__i__i—___i____
&
Co.,
&
arrange
possible.
as
Day
authorized
always
is-not
companies in exact alphabetical
However, they are always as near alphabetical
to
100'
2011.
p.
and
.
1.000
—.
Woolfolk,' Huggins & Shober
,;v
rants
NOTE—-For
&
Robinson
Schaefer
W.
Taussig,
.
possible
Co.——
Browning
Nelson,
Frederick S.
O
—
150
1,000
——
——
t
of Boston, Mass.,
1,000-
Co
Co
&
&
&
>
-
York,
executive,
1,000
Cunningham & Co., Inc—_—
Mead,
.
National Broadcasting Co.—Official Promoted
200
200
1,500
Co
Bradford &
J.
S.
Doolittle,
..
2,000
2,000
_—__■
,_
___™
,
■
V.' Eisner
of
Co.
store
1,000
Wagenseller & Durst——
Moore, Leonard & Lynch
'
$339,210
98,624
income
Gross
Total
$244,809
income
Other income
1.76%—^
July
ended
week
New Haven Clock Co.—New Directors—
'
Dempsey-Tegeler
Association—Output Off
number
reports
the
for
162, p. 356.
200
2,000
—_____—Li—
.:
.
200
2,000
—
Middlebrook—
&
250
2,000
2,000
U—
for redemption Feb. 1, 1945 otherwise
surplus.—V. 162, p. 138.
V
to
i;* Comparable figure for the week ended July 14. 1945 was 61,612,684,..:
a
decrease
of
0.18%
under
the
corresponding week last
year.—
350
,
2,500
________—,——
called
entirety
Association
territory
400 ;
a::
4,000.
Inc.———________—___
—
Co
Bond & Goodwin,
119,792
400:
—_—
C bonds
of kilowatt hours available for its
21,
1945 as 61,311,288 compared
with 62,412,349 for the week ended July 22, 1944, a decrease of 1.76%.,',
The
400 ;
——
Co.,
400
V.
4,000
.Co.————
&
Co.———_—_—.—...—
&
Johnston, Lemon & Co
:
for
prov.
tax)
income
Lester
excess
its
in
•;v,;,l
l'..-'
to offset the"estimated reduction,
profits taxes attributable to premium
$684,000
and
New England Power
:• \ 4,000
Inc.™-:
Stifel, Nicolaus & Co., Inc._'i—
$2,699,436
$2,842,329
1,933,625
Pomeroy,
of
amount
series
on
chargeable
4oo:
:
4,000
—
&
such...■Lly-'LL.I;;:; /('/I;
as
an
income
500 :•
.
4,000
for
Federal
paid
...500
:
5,000
;_™—___——
J__—_——™__™
:•
Hutton
Starkweather
..
$1,456,756
Maintenance
Taxes
v
$1,521,039
revs.™
Depreciation
:
/
1945—12 Mos.—1944'
1945—6 Mos.—1944
Period End. June 30—
!
Cohu & Torrey___-—
Schoellkopf,
5,000.
—
in
600
6,000
——,
™
Edwards & Sons.
G.
650
6,500
-
tlncludes
1
•
;
Co
&
Co
&
900
9,000
accounting
the
"Other income, net".
in
were,
counted
81,500 V
15,000
Inc.—
Co
&
Richards
Butcher
paid
total,
Clucas
Courts
from security profits since March 1, 1931,
$8,174.655.—V. 161, p. :;;177$4."
dividends
W.
& Co.,
Warrant?
Shares
Noel & Co.——
Dickson
Hill,
reserve
capital stock
(360,000
shares, no par), $4,500,000; capital surplus
$5,025,291;
surplus income, $620,668; - profit and loss on ' securities
sold
/•-
Name-
Van Alstyne,
with
accordance
in
income
from
of the Federal1 Communications Commission, and are in*
Company considers that these amounta
fact, current operating expenses and should have been ac¬
requirements
eluded in
No. of
No. of
not received, $13,135;
for taxes, $20,200;
Liabilities—Payable for securities purchased but
dividend
warrants to be
$215,415;
deductions
laneous
underwriters and the respective
purchased each are as follows: .
the
of
names
of shares and
number
receivable for securities sold but
not
delivered, $107,126;
dividends receivable and interest
accrued,
$17,145; United States Government obligations, $525,000; other securi¬
ties owned, $7,309,968; furniture and fixtures,. $1; total, $8,174,655.
.
Assets—Cash
Monday, July 30, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
462
Assets—Investments
in
tificatea of indebtedness
Sheet, June 30,
1915
.
:'
securities, $4,953,425; U. S. treasury cer*
(at cost), $165,000; dividends receivable, $41,4
463
of
Liabilities—Capital stock {second preferred stock,
60,000 shares,
on
liquidation to an aggregate of $8,205,000 and common,
stock, 466,548 shares), $1,500,000; capital surplus, $3,385,248; undis¬
tributed' income (since Dec. 31, 1942), $167,262; dividend payable on
dividends unclaimed, $304;
accrued, $19,004; total, $5,191,818.—V. 161, pp. 883, 1246.'
second
of
Sales
V:
!'!*:
1944
.a-:!"-■! y
?:■
Calendar Years
for
Account
-'
v.'
>■
taxes
stock,- $120,000;
preferred
Income
Consolidated
entitled
vice
etc
income
Other
autos,
products,
war
parts,
__
>
$
r.v.
Output—]
(Del.)—Weekly
States Power Co.
Northern
for the week ended
of this company
output
•V
:\V!
' v.
•/.
.y
V
'
■
'•
Airlines, Inc.—Changes in
Northwest
223,069,602
3,155,692
2,586,755
1,344,132
1,389,903
Personnel—
and
dies
inventory
and
ment losses
•:
tLoss
Federal
Post-war
Prov.'
'■
for
contingencies
and
into
7,800,000
Cr780,000
1,000,000
1,000,000
to
4,117,910
4,754,587
4,726,237
1,499,134
the
from
purchase
as
named
corporation
have
dated
agreed,
below
251.
p.
;
'V''''
'■
31—
Period End, May
'.
.
Operating revenues
Uncollec.
rev.
oper,
Dividends
,-v.
Co.—Earnings—
Northwestern Bell Telephone
profit for year——
_'__
Earnings per common share_______
11945—Month—1944
1945—5 Mos.—1944
$5,122,666 $4,738,169 $25,327,458 $23,060,291
6,046
^ 4,137
32,065
18,979j
at $21.50 per unit such of the
subscribed for by holders of subscription,
stockholders
to
tAfter
provided therefor in
branches and.subsidiary companies. ...
3,166,537
refund
$542,529
499,558
$3,122,563
2,872,845
has
Net
income
oper.
income
—~V.
of
$10
Any
group
\
•
->
V
unsubscribed portion will be offered
of investment bankers headed by Floyd
the
of
corporation
revenue
later to the public by a
D. Cerf & Co. of Chicago,
U.
Government
S.
Cash
for
Prov.
for
340,997
_______
'841,267
taxes.—
>4,084,914
10,587,262
$486,140
219,290
Int. & other deductions
$581,554
$7,044,103
314,988
3,530,609
'
$266,850
$3,513,494
1,103,829
$266,565
83,500
)■ Net income —!^_—
pfd. stocks—
117,443
Divs." on
Advances
by
Prevision
for
$2,409,665
$149,122
' $183,350
Balance
.
G.
income
178,615.
2,821,150
4,003,488
10,483,925"
"
27,043,994
466,554
42,213,169.
Pacific
.732%
Paine, Webber, Jackson &
W.
'. 4,000,000
-
Robinson-Humphrey
M.
Pan
$1,933,42T>
161,
2451.
p.
*
•
Airways
Corp.
—
Dain
Elworthy & Co.___.
Equitable Securities
Estabrook
v
1948!—V. 161,. P/ 2664.
bonds due
5%
C
in¬
^
between
j
.
make a general public offering on be-^
of> the units (or shares of stock or
purchased from the corporation by the.
several underwriters;- that ihe 110.642 shares of-capital stock and stock
writers have
,
162, p. 251.
Industries, Inc.—-V*
The directors
July 23 declared
on
a
1.
Sept.
^"Tho &point
a
has now been
reached when in the opinion of the direc-;
larger proportion
■■'I Pacific Telephone & Telegraph Co.—Earnings—
l
Period. End. May
Uncollec.
oper.
1945—Month—1944
31—
ODerating revenues
____
Net
oper,
—V.
(
,
132,720
127,500-
8,226,976
2,731,685
7,453,602
2,083,704
38,975,938
13,067,961
36,261,503
$1,206,083
939,335
$1,048,785
1,702,234
$5,831,407
7,196,618
income—
.
162, p. 139.
10,034,132
for
are
a
to
number
corresponding
be
delivered
to
the
of shares comprised
underwriters,
respective
purchase warrants at such times
respectively, may determine.
!!- 4,086,522 shares of capital stock of the corporation (par $2.50) were
originally offered to stockholders through the distribution of trans-ferable subscription warrants to stockholders of record July 2,
1945.
The
subscription warrants entitled the holders to subscribe duringthe subscription period ending at 3 p.m. (EWT) July 23.
1945, when
unexercised
subscription
warrants expired at the offering price of
$21.50 per unit, for a total of 2,043,261 "nits, each unit consisting of.
one share of capital stock (par $2.50)
and of the right, evidenced by a:
transferable stock purchase warrant) to purchase, for $13 per share,
one
additional share of capital stock, at or before 3 p.m., New York
Time, on Dec. 30, 1947, when unexercised stock purchase warrants will
expire and become void.
2,043,261 shares of capital stock of the cor¬
poration (included'in the 4,086,522 offered to stockholders) are is¬
suable upon the exercise of stock purchase warrants included in the'
units.
• !
!
^ :■'
;! ! !■/'"!•^
,
'
31, 1944,
the authorized capital stock consisted of 3,000,000 shares (par $5), of
whiph 1,993,261 were issued and outstanding.
On Feb. 24, 1945 the
outstanding shares (par $5) were split-up on a two lor one basis and
the
authorized capital stock wo s increased to, 10,000,000 shares ( par
$2.50), of which 3,986,522 shares were then issued and outstanding..
On-June-30, 1945, pursuant to the prior underwriting agreement dated.
Dec. 5, 1944 between Atlas Corp. and the corporation, Atlas Corp. exer¬
cised its option to purchase (at $16 per share) 100,000 shares of capi¬
tal stock (par $2.50).
Such shares were duly issued to Atlas Corp. upon
payment of the aforesaid purchase price iherefor, aqd the corporation
now
has issued and outstanding 4,086,522 shares of its capital stock
(•par $2.50).
.. !;
,"■•'! '• '!"
The 4,086.522
shares of capital stock now offered are authorized
and unissued; they, have been reserved for issuance upon the exercise
of
the subscription warrants and stock purchase warrants, and for
issuance to the underwriters.;/;
•
..
!. * - ; ...
!
Stock Purchase Warrants —The stock purchase warrants included in
the'units originally being offeied to the stockholders and to be issued
Capitalization—100,000 Shares Sold to Atlas Corp.—On Dec.
■
Co.—Annual Report Reveals In¬
in Specialized Engine Field and Double
Packard Motor Car
tentions to Stay
therein)
accordingly, the
stock- and -stock'
and at such price or prices as they,
8,361,367.
.
units
to
underwriters
purchasing the same from the; corporation'; and that,
several underwriters may sell their respective shares of
$5,278,728'
.
Net income
132,720
;
$51,701,863
$12,164,744 $10,586,091 $57,875,308 $51,574,363
ODerating revenues
Operating expenses
Operating taxes
26,500
27,049
rev.—
'
1945—5 Mos.—1944
$12,191,793 $10,612,591 $58,008,026
warrants
within-said
Sept. 15 to holders, of record.
distributions of 50 cents per
of the annual earnings can be paid out with¬
out 'jeopardizing the financial security of your investment/1 Henry M!
Bliss
President, informed stockholders on July 23 in a letter accom¬
panying
the earnings statement.
"Payments hereafter in a given
year will be determined to a
greater extent by the currnt outlook
and financial requirements," he said.—V. 161, p. 2114.
> ' ^
tors
determined not
several
comprised
purchase
' '
quarterly dividend of 75 cents
the capital stock, payable
Previously, the company made
share on
per
the
of
warrants
?
■■V Pacific Mills—Increases Distribution—
»•
half
•'
-
Car Output—
broadened future of aircraft, marine and industrial
as well as an expanded post-war automotive goal
of 200,000 cars annually, are outlined by this company to its 111,012
stockholders in the 1944 annual report.
■*
Production of aircraft and marine engines will be continued after
the war and car output is expected to nearly double the company s
...
previous peak year, the 41st annual , statement says.
It-emphasizes
;
that, in fulfilling its war assignments of Rolls-Royce aircraft'(engines
and PT-boat
marine engines, Packard; produced
1944 dollar volume
to the underwriters are transferable warrants ill registered form eviexceeding four times the total of any former peacetime year.
!
,'dencing": the right, to purchase shares of capital stock at $18 per share'
4
The report also pictures a new building acquired by the .company
at any time after July 3,* 1945 and at or before 3 p.m., New York Time,
to "free up" space in its parent plant for- speedier conversion to car
on Dec.
production when the war allows. It shows factory shops now producing
30, 1947.
•.!■,..
vitally needed car replacement-parts in accordance with a government-^
'. Purpose—No specific allocation of the net proceeds to be derived
approved program.
>:.
from the sale of the securities offered has been or can be made.
The
"Cash
and
marketable securties increased $tl,028,601" during the.
-net proceeds'will be. placed in, the general funds of the corporation and
year," says Geo. T. Christopher, President.
"Total-current assets in-r: used by-the-corporation, or by subsidiaries to which the same are ad¬
creased $4,255,514 and, In compariscn, total current liabilities were only
vanced, together with other general funds, for the repayment of out¬
$1,454,429 more than at the end of 1943:
Net working capital at the
standing .bank loans,-capital expenditures, including the purchase of
close of 1944 amounted to $35,555,306, or $2,801,094 more than a year,
flight and ground equipment,
additional working capital and such
.
for
Plans
-
a
applications,
engine
>
^
■
.
_
,
'
ago.
refund
"Post-war
s
of
excess
profits
tax amounted to $2,000,000,
other purposes
as
•
1943.
A total of $4,624,350 (estimated)
profits tax refunds was carried as an asset
compared with $2,040,000 for
©f
such
at
the
post-war
close of
excess
1944.
made
in
totaled
$4,000,000
""Capital
Yalue
of
and
$3.68
at the year-end.
surplus totaled
$55,136,471,
per
share
on
!
equivalent to a book
the 15,000,000 shares of common stock
Bank
as the
on
t
demand.
rowed
board of directors
may
Loans—The outstanding bank loans,
since the beginning
•
,
provision for contingencies and post-war adjustments was
the. amount of $1,000,000 and our reserves for that purposei
"Additional
*,
from
determine.
which have been incurred
of the year,
$30,000,000
amount to $37,000,000 and are payable
of this amount, of which $6,000,000 was borCo., $6,000,000 from New York Trust Co.,1
Bankers'Trust
$5,000,000 from Guaranty Trust Co. of New York, $5,000,000 from Chase
National Bank, New York, $3,000,000 from National City Bank, NewYork; $3,000,000 from Central Hanover Bank & Trust Co., and $2,000,000
from
Brown
Brothers
Harriman
&
Co., all
at
the interest rate of
.732%
Co.___
Sutro
&
Swiss
.487%
Boyce_____
and
Webster
Stroud &
.977%
2.445%'
.977%.
Co., Inc
.977%
Co.__
American
.487%
Corp
1.208%
H. Walker & Co
G
Hoffman
Walston,
&
.487%
Goodwin
Wertheim
&
4.892%
Co
the
>
White, Weld <fc Co
3.664%
Whiting, Weeks & Stubbs •.732%,
'
.732%
The Wisconsin Co
•
2.445%
Dean Witter & Co,___
right
and Atlas Corp. on Dec. 5,
1944, and amended
original agreement provided that Atlas Corp„units iri an amount which, together with
The
1945.
26.
100%:
Underwriting Agreement—The corporation has
to. cancel the underwriting agreement entered Into
the corporation
to
purchase
proceeds of the sale of units
provide the corporation
increased
of: subscription warrants,!
exercise
on
with $25,GOO,000,
and. the -commitment
to
$28,500,000 by amendment.
Said agreement provided
that the corporation had the right, ac any time prior to the offering
to stockholders, to cancel the same, and that right of cancellation was
exercised
by the corporaion, on June 28, 1945.. As a result of such
cancellation, Atlas Corp, ,was entitled, in .accordance with, the rightsgiven it under the agreement of Dec. 5, 1944, to receive from the
corporation a sum in cash, or the right to purchase at $16 per share
lOOiOOO shares of the capital stock of the corporation.
Such agrees
ment provided that,
in the event Atlas Corp. exercised its option to,
purchase the shares, those shares were to be sold to Atlas Corp.
for
investment and not with
Atlas
<
Corp.
stock
the
at
exercised-its
$16 per share;
stock
the
on
on
a view to distribution.
On June 30, 1945,
option to purchase the 100,000 shares of'
that date the reported closing sale price of
York
New
Stock
Exchange
$28 per share.
was
Holdings and Operation—Corporation was organized in Delaware on.
23, 1928.
It is not an operating company but holds, directly or
indirectly, investments in subsidiaries and other companies which;
principally are engaged in air transportation of passengers, property
June
and
mail
between
routes
over
territories
and
possessions
the
and
continental
United
States
and
its
foreign
countries, within and betweencountries, and within territories of the United States.
These
companies also engage to some extent In other activities related to air
transportation, such, as the operation of hotels, restaurants and other
foreign
facilities.
service
passenger
Corporation
itself
has
charter,
broad
powers, including the power to engage directly
The principal subsidiary is Pan American
in aviation activities.
Airways, Inc., a whollyowned
corporation- organized in New York.
A plan for the merger,
of
the
Corporation and Pan American Airways, Inc., authorized by
the stockholders in 1942, has not been consummated but a new plan
of merger may be submitted to stockholders and carried into
effect,
subject to any required approval of the Civil Aeronautics Board.
The
'
commercial
Inc.,
have
over
the
air
consisted,
North
transport
activities
general,
in
Atlantic
the
of
between
of
Pan
following
United
the
American
Airways,
operations:
States
services
and
Bermuda,
Ireland, the United Kingdom, France and Portugal; services over the
Pacific between- the United States and Hawaii, the Philippine Islands
and Asia,
and also between the United States and
Zealand;
services
between- the
United
States
and
islands
of
the.
Mexico,
Caribbean,
Central
and South America;
service
and
the: continental United
as
service between
internal
across
the South
Alaska.
in
services
Hawaii
New-
and
other
the
Canal
Zone
Atlantic
States
and
Cuba
America,
and
to
West
Alaska,
Africa;
as
well
,
Operations, are, subject, among other things, to the. obtaining of
required permissions and authorizations of foreign governments, and
the possession of required local operating
concessions, franchises and
permits.
Subsidiaries now hold numerous concessions, franchises arid
permit from Latin American and other foreign governmental 'bodies,
relating in the main to operating' rights, the use of airports arid
•.
operating facilities, the carriage of mail, radio operations and rheterriservice.
These
concessions,
franchises
and
permits' differ
logical
widely
to the extent of rights granted and obligations imposed, and
and conditions, duration and in other
respects, and
of them,
including operating rights from several 'of the
countries involved, are ot an informal nature and are for short terms
as
a
or
to
as
their terms
number
terminable
at
will.
In
few
a
cases
the
rights arerights
opearting
terminable upon failure by the United States to extend reciprocal
to
foreign airlines desiring to
utilize such
reciprocal rights.
The
generally, sufficient to
rights held by the subsidiaries are,
authorize operations on the routes presently served
operating
(although in many
only, on a temporary basis and in seme cases for less than the
frequencies which might be desired).
The proposed additional, opera¬
tions outside the United States will generally require the obtaining
of
additional
authorizations
from
foreign government.
cases
The
corporation
'
.
&
Prior
of
committed
was
$21.50 per unit.
Kuhn, Loeb & Co. are Blyth & Co., Inc., Lazard Freres,
& Co.; and Ladenburg, Thalmann & Co.
,
.
The corporation was advised that the representatives of the under¬
4
its
June
on
;;^
Stock Offering—A-
Each unit consists of one share of capital stock and a stock purchase warrant to purchase
one
additional share of such stock.
Associated with
Inc.—New Sales Manager—
George M. Davis has been appointed sales manager of the ammu¬
nition division of the Western Cartridge Co.
He also will continue as
Assistant
Sales
Manager of
Winchester Repeating Arms Co. . and.
Bond
Electric
Corp., New Haven, Conn., other divisions of, Olin
&
Bro's.
Blodget, Inc.
.240%
Cancellation
exercised
was
Olin Industries,
4.892%
&r Co.
would
at
Stone
Co.___!__ 1.208%
Johnston, Lemon & Co.__
.732%
headed by Kuhn., Loeb & Co. . on July 26 an-,
the purchase of 110,642 units of capital stock-,
and stock purchase warrants.
The purchase representsthe unsubscribed portion of the original total of 2,043,—
261 units offered by the corporation to its Istockholders
Water Co.—To Exchange Notes—
The Securities and Exchange Commission has permitted the com-t>any to issue $550,000 of 2%
promissory notes to banks in exchange
for 2%
notes due July '27. "The new notes will fall due between,
Nov
27 and July 27, 1946.
They are secured by $750,000 of series
Corp.
Stein
.977%
Boston
Schwabach6r &
.732%
1.208%
Hutton &
nounced
Oklahoma Power &
;
Rothschild. & Co.__ 1.208%
.240%
Co.__
Co._
___
W. E.
.240%
F.
Salomon Bros. & Hutzler.
1.208%
California Co._
Hirsch
Co.__
Co.
L.
Glore, Forgan & Co._____ 2.445%
Grubbs, Scott & Co.___-__ - .240%
Hallgarten & Co
2.445%
Harris,-Hall & Co. (Inc!)
.487%
Ira Haupt & Co._^._j
1.208%
Hayden, Miller & C6.__:__
.240%
Hayden, S.tone & Co.___-_ 1.208%
Hemphill. Noyes & Co.
1.953'%'
Hill, Richards. &. Co.
w
•
.487%
group
;
«^V. 161, P. -2790.
&
First
First
tincludes/U.' S. and Canadian securities at amortized cost, not over,
?!'-A ■■'
American
.732%
The
151,203,880 148,130,685
market.—V.
-
.977%
Pressprich & Co.__
.240%
3,877,335
35,000,000
26,676,069
3,000,000
depreciation.
tRepresented by 1'5,000;000 ho par shares,
in name of trustee for account of company.
.977%
Julien Collins & Co.______'
i25,136,471 ;22J517r696>.
Total
.487%
California-
&
25,059,585
under contracts
38,000,000
etc.24,914,122
of
Riter
30,000,000!
taxes,
Co.
.240%
cluding 8,660 held
$3,676,547.
1,743,120
& Co.__,.
W.
R.
1.208%
Clark
1.208%
Moseley & Co.___
Curtis
(Inc.)
E.
.
5,912,620"
1.953%
F. S.
17,197,396.
^
^After
$7,506,512
3,829,965
'
Corp.__ 4.892%
Pierce,
Beane_
.240%
.240%
•
.977%
.977%
.240%
515,367
&
•'
.732%
Co.
Brush, Slocomb & Co..
H. M. Byllesby & Co., Inc.
Central Republic Co.
& Co.________
32,239,618
Lynch.
Fenner
J.
31,846,852
Marks &
& Co.
Securities
Merrill
Davies & Mejia__________
Drexel & Co._
—___
Surplus
Mellon
1,208%
12,264,272
current. reserves_-^_^-~•
customers
Co., Inc..
$23,423,140
for contingencies and post-war adjusts..;.!
Res.
Becker &
1.208%,'
1.953%
4.892%
Laurence M.
McDonald
24,648,369-
1
Higginson Corp.__
M, Loeb, Rhoades &
Co
■
Securities Corp..
.487%
Allyn & Co., Inc.___ 1.208%
C.
107,955
30,000,000
accruals^—23,240,667
and
Carl
6.116%
A.
'
194,962
contrs.
1
i.—
payable
t
•
1.
4,624,350
i
1
^
Lee
6.116%
&
•
:
.732%
C.Langley & Co
Adamex
151,203,880 146,130,685
-
Co._____
Thalmann
Co.
W.
16,343,609
—
**
&
(_ 6.116%
Units
Kidder & Co
A. M.
23,769,496
___
•
securities.!
stock
scribed
.
.
6.116%
Alex. Brown & Sons..
19,189,207
12,111
!
tax________
___
—
Miscellaneous
-
..
profits
excess
1943
■
1
•
Ladenburg,
A.
■$
subsidiary..
Lazard Freres
■
Percent.
of Unsub¬
Units
-
the
in
names:
.
Baker, Weeks & Harden..
.487%
Bear, Stearns & Co.______ 1,469%
18,234,375
_2_
,
under, cost-plus-fixed-fee
Liabilities—
" 1945—12 Mos.—1944
339,822
>728,517
•
31
Dee
!%!!';!! ;^-y!v
•
costs
.Total
.
income ——__
Gross
t
..
•
,
:
The
$2,724,173 $36,509,658 $34,602,842"
1,074,281
14,793,379 12,608,918
and
depre'e;
•^amortization
Provision
1,196,676
,...
„
•
.
business resulted in aeach year, which was.
charges
Unbilled
Accounts
1945—Month—1944
of
receivable
Accounts
Deferred
$2 865,079
________
expenses —-
-
Sheet',
investments
enamel
i Period End. June 30—
Gross
Operating
Balance
!j_-'_~__-_l___!-__-,--_-_!____
Inventories
Edison Co.- -Earnings—
Ohio
.
war
$3,000,000
respective
♦
of Unsub-
•'
preceding year.
!.•!;!
-
refund
Post-war
'
"■ '
''V
tCapital
.<
.
selling,
4
their
opposite
!scribed
Kuhn, Loeb & Co.__
Blyth & Co., Inc....,
that year.
Provision for renegotiation
substantially.',the same basis as the'
on
in and advances to English
Invest,
the
of
Assetsr—
Miscellaneous
sales for the first six months of 1945 were 60%y
corresponding period last year and June was^the best;,;
month in the history of the company, L. Frank Pitts, President, an¬
nounced.—V. 162, p. 251.
<
,
'
>
and
Paint
.
1943
of
.
Has Record Sales—
ahead
and
♦Property' investment ____!_„
Rights, franchises, etc
shares of 60-cent cumulative1
••• ■ •
'•
$0.31
automotive
1944 !
Preferred-
■' » •'
made
Consolidated
be offered to stockholders at
The stock is convertible into common on a share-for-
share.
per
ghfitTC b&sis
been
2,490,133
..
corporation has registered 50,000
preferred stock which is to
The
convertible
1942
■
Government
fOf
below
;-•
3,227,103
$2,793,915
161, p, 2664.
Nu-Enamei Corp.—Registers
S.
for the
settlement
-Net
U.
the
to
1944
for
1941.
$2,100,000
charged to reserves provided in
4,862,819.
5,924,914
573,825
___
1,024,966
$607,305
taxes
Operating
$23,041,312
16,247,916
15,384,578
$4,734,032 $25,295,393
$5,116,620
3,361,346
1,147.969
1,499,134
3,255,453
$0.32
forth
Percent.
"
Note—Renegotiation
Operating revenues
Operating expenses.—
1,499,134
2,618,776
$0.27
._
Surplus
percentages set
entered
have
29, 1945, under
and not jointly,
June
severally
'
Net
the
corporation
not
are
dsitributed
be
to
the
underwriters
several
warrants
underwriters
several
with
agreement
the
2,043,261- units
2,000,000
as
needed for capital expenditures, working capital or ether
in advance of the maturity of the abovementioned certificates
an
which
post¬
_—!__l______l
adjustments
war
funds of the cor¬
are
Underwriters—The
i
2,630,000
surtax.—J____—
1,600,000
2,140,000
20,000,000
20,400,000
profits tax
l_
refund of exc. profits tax Cr2,000,000 Cr2,040,000
excess
placed-in the general
was
on
June 1, 1946, the certificates will be sold In
market in amounts sufficient to provide the required funds.
open
84,887.
in-
normal
tax and
come
.
Federal
and
indebtedness
of
tl29.190
——
for
funds
purposes
commit-
operations.;-
from
Provision
Co.,
funds obtained from the sale of the securities now offered, and that
1,352,013
3,253,459
off
writ,
tools
and were made in advance of the
poration and used by the corporation, or by subsidiaries to which the
same was advanced, together with other general funds, for the purchase
of equipment and facilities, and for other general corporate purposes,
including the payment of a dividend on June 25, 194(5 in the amount
of $996,630.
It is anticipated that the bank loans will be repaid with
199,287,060
4,016,807
amortization-.-
and
Automotive
E. Gardner has been
Colonel George
455,692,753 341,261,650
465,613,904 310,461,467
-___
sales____________—______
Depreciation
(
elected Vice President in charge,
of
operations.
He held the same position before entering military;
service in 1942.
K. R. Ferguson, in charge of operations during Colonel
Gardner's
absence,
has
been
elected Vice-President in ycnarge of
engineering and post-war planning.. .j'-.'v
r. o. Bullwinkel, formerly Assistant to Croil Hunter; President, ^as
been elected Vice-President in charge of traffic, a new position,.
Colonel
W.
Flske Marshall, has been named General Operations.
Manager.
He has been serving as Assistant' to the President.—V. 162,
1
of
Selling, general and admin. exps.__
Automotive
'n '.*j
-
_!__
Total
Cost
July 21, 1945,
44,496,000 kwh.! as compared with 39,911,000 kwh. for the;
corresponding week last year, an increase of 11.5%—V. 162, p. 356.
Electric
totaled
Trust
New York
'
'
anticipation'of the receipt of proceeds from
in
of the securities now offered
the sale
455,118,588 340,716,931 221,922,430
574,165
544,719
1,147,172
-
made
been
have
receipt of such proceeds, in order to purchase the certificates at par.
The remaining $7,000,000 of bank loans was borrowed in equal amounts
at the interest rate of 1Vn % per annum from Bankers Trust Co. and
1942
'
.
$
ser-
;
—_
J|;
1943
indebtedness,
ments
'
has been invested in United States 7/a% certificates
Series E, due June 1, 1946.
These loans and invest¬
annum
per
worth of the company at the previous yearcorresponding to a book value of $3.50 per share." ■
net
end. was $52,517,695,
cash, $31,665;
$325;
The
outstanding.
certificates of indebtedness,
accrued on U. S. treasury
total, $5,191,818.
interest
402;
approximately
also
78%
owns,
of the
through Pan American. Airways, Inc.,
(100% of the preferred and te6.67%>
stock
both of
which
are
voting securities) of Uraba,
Medellin & Central Airways, Inc. (Del.), which operates between the
Canal Zone and Turbo and Medellin, Colombia,
under a permanent
of
the
common,
certificate
of
Aeronautics
Convenience
Public
Board.
to
its
and
Necessity
issued
by
the Civil
in these companies the corporationowns
directly or indirectly, 100% of the voting securities of Compania
Cubana de Aviacion. S. A., organized in Cuba; approximately 64% - of
the voting securities of Aerovias Nacionales de Colombia, organized in
Colombia; 58%
of the voting securities of Panair do Brasil, S. A.,
In
ownership
addition
organized
Mexicana
in
Brazil;
and 56%
of the voting securities of Compania
S. A., organized in Mexico.
services in Brazil, Colombia,
de Aviacion,
Extensive
internal
Cuba
and Mexico,
international, services,
certain
as
sidiar'ies
are
established
J.
J.
representing investments, constituting less tnan
in the capital stocks of a number of other com*about to -opearte air transport services,geneiallly
local in character, in Latin American countries and the Caribbean.
China National Aviation Corp. provides services in China and between
or
reports, that during June the
traffic records, having carried 73,257
a
surplus,
Aviation
Julv
approved
order
By
result
decision
its
Barcelona
reconsideration
decision.—V.
the
of
162,
Gross
•
v-:'
$1,878,342
prof, and income
operations
adv.,
gen.
and
from
Bell.,
'
admin,
:/■
.
$629,542
$2,119,308
13,892
23,867
$643,434
$2,143,176
inc.
stock
taxes
Federal
99,948
174,166
D.
bonds
U.
Otis
414,247
Earned
:, $282,313
—V.
161,
$559,975
369,000
$0.70
$1.52
share.—
officers
of
Co.
&
Harry
result of
a
as
Co.
Judge
charged in
Subsidiary Cleared
the
the
six
first
the
in
1943.
June,
■l
period
force
the company's
ing
of
the
and
is
June
on
30
properly
payment will
bonds.—V.
162, p.
executed."—V.
and
negotiated
162,
the
The
be made
394.
presentation
on
-
...
neared
six-month
the
the
represent,
disposition
Net
of
asset
1945,
of
income
Fed.
K
-■•>■
balance
and current
value
the
.
which
Mutual showed
might
be
the
of
to
161,
stock
$9.27
was
for
six
Months
Ended
374,324
3,969,629
180,229
3,075,690
Cost
electric
ended
41,667
The
6,616,350
June
with
180,229
for
output
legal
this
to
Stock
Yftrk
common
to
Warrants
shares
at
held
'
($1
par)
for
mailed
for common
to
July
to
Liabilities—Notes
mon
stock
Y.,
6,923
6,298
of
the
69,318
74,511
or
bank
32,788
Balance
deposits
surplus,
payable
6,637
KxY' :
45
/V 110,103
bonds
r.f $850,672
income bonds and common shares, and
73,734
$716,555
$777,336
15th
Sheet,
in
June
banks,
30,
and
$1),
on
salaries
$8,300,000;
and
hand,
Dr$8,393,819;
total,
$50,973,840.—V.
stock
common
161,
p.m.
at
a
draft,
the
addition,
to
.''
-
of
sub¬
to
share
per
Chicago.
Payment
or certified check,
application of general mortgage 6% income
the extent of 95% of the original principal
and/or by
company
thereof.
shares
thereof
price of $11
at the office of First National Bank of
subscription price in full may be in cash,
of
10 common
common
holder
or
operating and Financial
Period End, June 30—
oper.
Operating
Net
holders of
scrip
for
p.
held
holders of the predecessor com¬
shares
for
each
of the company
prior to 3
p.m.
1945, will receive warrants to purchase four common
common shares received on any such exchange.—
10
Aver.
share
No.
of
Rev.
Rev.
plane
pass,
Flight
oper.
Load
factor
Account
less
(Incl.
Wholly
Owried
Postage
Subs.)
1944
'
dis-
•
'
:
1943
<
-
/
-
-
"
$10,617,845 $11,096,399
$9,738,533
14,150
14,150
10,231
16,962
1,330
$9,754,057
;
sold
and
expenses
and
-7:
.
8,208.189
332,181
;/354,224
100,000 ;•
,-
contingencies.
State
6.852,546
597,198
200,000
350,000
and
v:':
-•
t
profits
excess
14,194
general
9,298,929
Fed.
/..>.-x
tax_
1945
tirement
maintenance
and
1944
1943
$2,975,425
;
revenues
.
$521,019
425,000
505.012
I
:
-
.
■
458,735:'
1,215,000
'
1,171,800
"
1
H
1
$2,917,397
$2,764,055
5
178,704
148,189
627,345
411,549
66,463
$0.17
$0.87
$0.14
treasury,
at
at
9.0
18.1
7.6
412,937
4,575,202
1,858,951
20.1
miles—
miles
factor—
881,141
•
-
$7
16,314,082
97.87%
7,449,406
98.18%
90.91%
18.5
18.0
16.2
—
73,461,714
„
90.93%
17.2
unamortized
expense
unamortized
31,932,392
During the month of June PCA achieved the highest records in its
nearly 19 years of operation in volume of traffic and operating reve-
<
•
come
'
cost -of
past
on
service
call
premium ' cn
outstanding funded
benefits, employees'
plan, $86,351; undistributed debits, $17,506;
Liabilities—Capital
■
of
(approximate market $174,860),
(after
of
$39,666),
$769,-
approximate
cost),
reserve
inventories
British
(at
affiliate
(at
and
$559,122;
accruals,
and
taxes,
provision
provision
for
renegotiation
for
for
capital
$4,247,080;
assets,
capital
stock
(910,944
$1,850,715; earned surplus, $1,402,162; less capital
at cost, $4,190; total, $9,644,557.
500 shares,
the
Employees', Stock Purchase Plan,
there were
1945 subscriptions to 12,215 shares of capital
7,710 shares at S>8 per share and 6,694 shares
payment
additional
flected
material
for
has
thereof
been
not
accounts.—V.
these
in
may be received
delivered to Army
and,
determined
162,
p.
as
a
result
Ordnance
,
of
price rede¬
the amount)
but
has
accordingly,
not
been
re¬
252.
;y;
:
Pittsburgh Coal Co.—Merger Plan Voted—
stockholders
The
at
a
special
meeting
held
on
July
authorized
25
with Consolidation Coal Co., the mew com¬
known as Pittsburgh Consolidation Coal Co,
Of a total
yote of 485,434-cast in favor of the merger, 205,818 were preferred
shares and 279,616 were common.
Both classes of stock have equal
of this company
merger
be
to
voting rights.22,813 common
The
the
Voted
against
the
merger
were
81,029
preferred
and/
share, or a total of 103,842 votes.
Thus, slightly more
voted cast were in favor of the merger.
■
stockholders also authorized
the company to increase its in¬
82%
in
the
of
The
$20,000,000.
to
indebtedness
proposal.
were
combined shares voted for the in¬
while 100,388 were voted against
of the votes cast favored the
488,877,
Thus approximately 83%
-
•
r
objected to the company's merger plan.
Their!
mostly censured company officials for not having made a
proper appraisal
of Pittsburgh Cpal's assets and properties so that
they might be in a favorable position to make a comparison with
Several, stockholders
objections
Sheet, June 30, 1945
and
7
hand, $1,713,735; United States, Cana¬
payable
share,
per
termination
$713,820
expense
'*•'/
Final determination of the amoupt to be refunded as a result of
renegotiation proceedings for the year ended March 31, 1944 has not
been made and, consequently, the amount provided in that year has
not been adjusted.
The company does not* anticipate that any refund
will be required for the year ended March 31, 1945.
•
$731,254
discount,
r-;-
per share, subject to provisions and allowances in the Plan.
representing installments aggregating $40,198 received on such
$622,378
$243,721;
renegotiation.
1945
subscriptions, are held in trust by the company, and are not included
in the above balance sheet.
--.r%
9,466
unamortized
for
31,
$8.50
Funds
1,087,664
Assets—Fixed capital, $29,184,063; cash, $1,574,188; U; S. Government':
securities,
$1,329,153;
accounts
receivable,
$132,806;
materials
and
supplies, $119,512; other current assets, $194,431; prepayments, $21,629;
in
—
stock
foreign
Notes—Pursuant to
stock
Cr23,674
Balance
on
$18,939;
in
of
value),
par
in
Crl0,435
for dividends— -'.
and
amortization
and
stock
crease
deductions
March
ended March 31, 1944 (after deducting U. S, Treasury Notes,
Tax Series, at cost $330,000), $265,467; advance meter rentals
(net),
$674,201; reserve for contingencies, $650,000; reserves for depreciation
debtedness
121,574
80,884
$0.31
receivables,
State
553,884
available
provision
Sheet,
year
399,218
'
1944,
Government securities
Liabilities—Accounts
Federal,
552,525
—
"
$0.52
cost), $305,166;
postwar refund of Federal and foreign excess profits taxes, $285,196;
capital assets (at cost), $5,583,669; patents, goodwill and development,
$1; deferred changes to operations, $60,242; total, $9,644,557,
than
re¬
depreciation....™...
450,264
$0.55
Wholly Owned Subsidiary)
in banks and
investment
543,315
Balance
and
Balance
accounts receivable—trade
other
902;
1,113,976
v
'.I-
451,323
V:
$0.53
1943
(Incl.
551,054
$2,275,180
149.468
March 31,
and British
increase..
1945—6 Mos.—1944
$473,778'
$495,086
453,476
Assets—Cash
563.745
or
charges
$486,116
share—
per
1,248,684
Other
$4,764,425
year.
ended
pany
Philadelphia Suburban Water Co.—Earnings—
Operation,
for
Interest
_____
planes
operation
common
,
1945
Consolidated
a
'/
12 Months Ended June 30—
Gross
'
2664.
July 31,
(EWT),
in
———
profit
per
old
deducting post-war.refund of $135,000 for 1944 and $130,200
1943.
tAfter discounts, returns and allowances and also, in the
An
for outstanding general mortgage-6%
bonds due Jan. 1, 1973, and debenture
who make exchanges of said securities
and common
income bonds
shares
Statistics
1945—Month—1944
$991,324
revs
income
Earned
of
•-
,
affiliate.—
normal,
income taxes
All Federal and local taxes—
*
share
1,998,-
outstanding
"After
•
'
:
V. 162, p. 394.
Pennsylvania Central Airlines—Earnings-
Total
and
outstanding at March 31,
for
dividends, etc., $1 706' com¬
surplus, $39,657,234; earned
capital
$4,794,075; cost of 2,352,711 shares of
treasury,
listing of
pur¬
pany's refunding mortgage 5%
6%
bonds due March 1, 1949,
1945
on
3
and Walnut Sts.,
amount
($2,000,000
of
which
are
secured
by
interest payable, $1,792; taxes accrued
$6,500,000;
withheld
(par
the
renegotiation'
Fed.
foreign
1,444,086
July 31, at the office of Drexel & Co., agent,
Philadelphia 1, Pa., or 14 Wall St., New York 5,
(EWT),
N.
up
each
shares of the company
1,074
1943
shares for each
the holders of
entitle
$1,042,704
46,610
applied for
amount
common
18
warrants
The
16.
3.118
——
bonds,
the
for
.
—-
servicing
for
for
♦Prov.
the
issued
each
"
depreciation & amortiz...
Provision
Prov.
be
to
for
allowances
British
product
without
the listing of 412,596
official notice of issuance
on
the total
making
purchase four
were
July
scribe
30
:
Iron Co.—Listing of
shares.
$6,061,346;
investments at book values, $44,846,985; accrued
income, $54,951; furni¬
ture and fixtures
(after allowance for
depreciation, $29,581)
$10 557total, $50,973,840.
'
'
'
taxes
for
$10,642,226 $11,127,511
selling,
Prov.
the
Exchange has authorized
shares
offering,
an
the
:
Shares—
New
for
subsidiaries
its
corresponding week of 1944.-^-V. 162,
2,167
expenses
and
company
over the
1944
normal & surtax
General
A.
Industries.
used
supplies
(formerly Pitney-Bowes
Report—
'
"
r
income
$172,792;
1,233,212
1945, amounted to 126,419,000 kwh., an increase of
2.3%
or
,
additional
30,
$8.03
166,667
2,909,023
—
475,279
$936,115
income-
Assets—Cash—demand
8.
for
from
$734,915;
July 21,
394.
In
U.
stock
administration
dian
2791.
1.792
expenses
$112,852;
Inc.
$5),
_-A>}
,,
and
contracts
of
for
1,233,212
,
.
83,308
Fed.
income
Net
(par
common
Income
2,292,471
516,946
$884,171
.
•
Fed. income taxes,
six
1
stock
income,
provision
1,364,350
other
&
surplus.
p.
Common
outstanding
June
1,413,183
Philadelphia & Reading Coal &
realized
compared
227,938
Philadelphia Electric Co.—Weekly Output—
The
week
June 30, 1945__ $55,146,138
common
I_
Extraordinary
be
3,083,728
appropriations
Balance
—V.
p.
—
above,
994,732
231,038
573,027
income.
562,425
1945
General
new
returns
war
for
____
funds
record
than
of
rental
and
years
138,956
operating
income
$61,762,487
paid
other
to
are
Exchange has authorized
common
162, p. 394.
Earnings
1945—6 Mos.—1944
in¬
taxes—
Net
substan¬
a
railway
Sinking
£'•'.?
1945
share
per
from
income
Taxes
first
Ltd., Inc.—Listing o£ Common
Dividends paid
and excess prof¬
Net
total
1944.
Interest
Co.,
Stock
Total
$4,794,525 $28,876,046 $28,207,199
$4,793,121
taxes—
Other
to
assets I
appliq. to com. stk.
Earnings
Total
in
war-supporting
handling
.
Earnings—
1945—Month—1944
________
Canadian
and
its
$70,368,600, as
period in 1944.—V. 162, p. 14.
new
amounts
30,
assets
determined
Dec. 31,
of
Dividends
sheet of the consolidated company as of
1945/ shows total assets of $3,402,961-; current assets, $1,-
31,
Gross
suant
value
of
York
counts,
(Mass.)—
VYY/-.x 'NY'-*','"'
Y-''
Period End. June 30—
first six months of 1945—represent¬
the same period in 1944 when
81,000,000,000 mark.
business amounted
period,
liabilities June
Net
and
batteries
of ammunition and
operation."—V. 161, p. 2664.
Consolidated
Interest
Pere Marquette Ry.—Co.—June
Total assets at value, June 30, 1945 (using values for secur¬
ities set forth in the appended list, which do not pur¬
Total
Navy
Philco
Years Ended March 31—
and
including cash and demand deposits of $887,438,
liabilities of $1,048,570.
("Boston News Bureau.")
Pennroad Corp.—Semi-Annual Report—
to
Army,
of
<
forma
pro
2,878,000 kwh.,
upon
the
Pitney-Bowes,
surrender
and
140,964,
over
compared with $65,509,874 in the same
port
the
Meter Co.)—Annual
to information filed
York.
March
Insurance in force gained $5,505,236 during
history.
and
of
shares
two
stock.—V.
■
with the Massachusetts Commissioner
of Corporations, Pepsi-Cola New York Bottling Co., Inc.,
Pepsi-Cola
Bottling Co. of Boston and Pepsi-Cola Bottling Co. of Philadelphia
will
be consolidated into
Pepsi-Cola Metropolitan Bottling Co., Inc.,
successor
by
change of name to the Pepsi-Cola Bottling Co. of
come
$2,174,960,399—the highest
was
$33,922,098 during the
gain of almost $9,000,000
increase
Division
;
fSales
According
report
figure stood at $25,100,380.
During the half year, assets of the Penn
In
to
number
Morris &
New
shares
470
the
of
the
tial
going
theatre
The
issue
new
planned,
New Name—
$1.44
semi-annual
and
a
Battery
year.
Stock
could have made
of
included a marked
increase in pension trust business, a continued increase in the number
of policies sold to women and children and a substantial increase in
the size of the average policy sold.
'
•'
7
June
last
considerable
Philip
sale.
railroad
same
Pacific
Kalodner
E.
.■
said
v.V-
Featured
in
Storage
were
Heinritz,
output of the
it had
if
the
put
or
Immediate
previous records in its 98-year history, this company
up all-time highs in assets and insurance in force during the
months in 1945, it was announced today by John A. Steven¬
In
corporation's
32%
ahead of
the
corresponding period last
Vice-President in charge of the division, an¬
Incoming orders to date are more than twice as great as in
division
A
outstanding 1st mtge. 3'/4% bonds, due 1969, have been
called for redemption on Aug. 20, next, at 106 and interest.
Payment
will
be made
at
the Bankers
Trust
Co., trustee, 16 Wall St., New
all
Insurance
of
1945
W.
■
President.
highlights
son,
$1,406,441
Corp.—Storage Battery Shipments Up 32%—
of
M.
Profit
marked
$1,475,984
extraordinary transactions,—
of
Penn Mutual Life Insurance Co.—Breaks Records—
Topping
4,064,300
"The Philco Storage Battery Division; is
expanding its manufacturing
by 25%
to meet the commitments
it has undertaken
for
the war against Japan," Mr. Reinritz said.
'The entire
Pennsylvania
their suit that the
252.
All
2114.
p.
122,370
3,024,379
3,750,000
profits taxes.
deliberated
369,000
$0.77
excess
immediately upon the change and reclassification of the issued and
outstanding 939,235 shares of common stock (par $10), upon the basis
$530,350
369,000
3,234,990
102,111
2,945,613
"shopped around" among other banking
up for
competitive bidding.
The Judge declared in an opinion that the sale resulted In a saving
of approximately $9,000,000 and he found the issue "was adequately
389,718
$258,310
■
369,000
i
outstdg
per
15
Kuhn, Loeb
$1,000,000
houses
415,497
994,787
77,428
441,159
of shs.
and
Pepsi-Cola Metropolitan Bottling: Co., Inc.
207,748
207,123
Net income
&
another
New
No.
months
entered a judgment in
of the directors in a suit filed Feb.
29, 1944, by Otis & Co.
sought $1,000,000 damages to cover losses allegedly suffered by
stockholders
tax
(net)
-
to
District
S.
which
233,648
_____
prof,
exc.
Philco
Shipments
the CAB
p. 394.
162,
RR.—Road
and
directors
favor
capital
and
a stop on PCA's
city with needed
be announced by
will
before
mechanization
?
$1,569,213
—
Depreciation
Fed.
future.—V.
as
that
and
income
Balance
30,363
$1,016,356
income
these applications
on
near
route, providing
York.
for
3.268,511
—
debt
'Including payments to City of Philadelphia under 1907 agreement,
excluding income and excess profits taxes.—V. 161, p. 2791,
$1,538,850
9,655
85,761
Total
(net)
dates
Philadelphia
include
New
lines.
deductions
funded
on
facilities
1,422,118
$1,006,701
1;
profit
income
!
$11,542,219 $11,852,480
r
leased
of
in
of
Gross
Rental
Miscellaneous
York, N. Y.
1,766,549
income
&
$2,960,969
697,481
2,900,921
__________—
Pennsylvania Telephone Corp.—Calls 3V4% Bonds—
871,641
1,200,000
535,000
2,703,598
RR. and its
subsidiary,
Pennsylvania,
Ohio
&
Detroit
RR.
were
absolved
of
charges of negligence, lack of good faith and failure to do their full
duty to stockholders in making a private sale of $28,483,000 of P. O.
V
exps
Miscell.
western
from
the
The
v-
-
$3,885,858
application would
Buffalo-Washington
Pennsylvania
1945—6 Mos.—1944
--v
$1,327,022
etc
;
Gross
Private Sale of Bonds—
p.
■"
1945—3 Mos.—1944
exps.,
nounced.
(& Subs.)—Earnings-
Penick & Ford, Ltd., Inc.
Period End. June 30—
costs
oper.
year,
139.
p.
fifth
service
Hearing
added
were
labor
reserves
and
present
to New York as United States
co-terminals
of its
transatlantic operations; the other applications
of Pan American Airways.
Inc., for routes to Europe and the Near
and
Middle East were denied.
The services which were authorized
for
operation by
the two other companies would be directly
or
indirectly
competitive with
the transatlantic services operated or
authorized
to
be
operated
by
Pan American
Airways, Inc.
The
duration
of
the
amendments
to
the permanent certificate of Pan
American
Airways, Inc., and of the certificates issued to the two
other companies is limited to seven years.
Interested parties have
the right,
within 30 days of the order, to petition the Board for
Washington
and
delphia
increased
Prov.
within
5,066,867
1,003.000
Operating income ________________________ $10,972,013 $11,341,071
Non-operating income
,
570,206
511,409
airway,
A
18,911,163
,,5,548,753
abnormal
Interest
air
3,887,848
20,023,460
_
for
♦Taxes
Washington-New
a
3,152,267
3,190,585
3,938,140
__,
for
Operating
application seeks to include Philadelphia as a stop on PCA's
Birmingham-New York route.
This would provide Philadelphia with
direct air service from many
important Southern cities, as well as
new
service
to
the
central industrial
capitals of Chicago and Mil¬
waukee.
: ^
as
a
stop on its presently authorized route
Marseilles; and Chicago, Detroit, Boston, Phila¬
and
is
renewals
Provision
Another
Pan
by
the airline
by
property
Provision
Scranton.
added
was
Lisbon
between
on
sought
route
new
8,921,785
9,859,756
and
operation
__
with intermediate stops proposed for Baltimore, Wil¬
Philadelphia.
PCA is
now
authorized to serve both
Washnigton and New York from the West and South.
A third application proposes a Buffalo-New York City route, which
would
provide new flight facilities to Rochester,
Binghamion and
American Air¬
ways
Inc.
for an additional certificate of public convenience and
necessity and for amendments to its exiting certificate
and by
other companies
for new certificates, authorizing transatlantic ail?,
transportation to Europe,
the Near and Middle East, and India.
Under
the
terms
of
the decision the
applications of Pan Amer¬
ican
Airways
Inc., of Transcontinental & Western Air, Inc., and
of American Export Airlines, Inc.
(controlled by American Airlines,
Inc.)
were
granted in part and denied in part, and applications
of
seven
other
companies
were
denied in full.
Pan American
Airways, Inc.
was authorized to extend its operations beyond Lon-don so as to' serve intermediate points within Belgium, that portion
of Germany which
lies south of the 50th parallel, Czechoslovakia,
Austria
Hungary, Yugoslavia, Rumania, Bulgaria, Turkey, Lebanon,
Iraq, Iran, Afganistan, and intermediate and terminal points within
that portion of India which lies north of the 20th parallel; in addition,
rendered
second
1944
1945
$56,771,305 $56,384,922
_____
Conducting transportation
General, including accidents
with the
extension
present New York-Birmingham route to ; these cities would
many new air services, PCA officials state in the application.
mington
Aeronautics Board
Civil
in
The
York
Developments
5,
1945, the
the applications
PCA's
of
Corp.
Route
Power
important Gulf seaports of Mobile and New Orleans
capitals of the East, is proposed by PCA.
The
industrial
revenues
Depreciation
of the major cities in the eastern region
of the United States is proposed in a series of applications filed with
the Civil Aeronautics Board by PCA.vV v
A new route between Pittsburgh and New Orleans, which would link
the
14.
p.
Maintenance
for many
service
air
New
$33,052,870.-7/162,
12 Months Ended June 30—
Operating
Planned—
More New Routes
and points in India.
The services within whina, h;aye
been substantially curtailed, and extensive services between points in
China and points in India have been inaugurated, as a result of war
conditions,
The contract relating to the formation and operation of
China National Aviation Corp. by the American and Chinese interests
was dated July 8, 1930, ran for a period of 10 years, and was extended
five years to July 8,
1945; it provides for the dissolution of that
company
upon expiration
of the contract and for purcnase by the
Chinese Government of the assets of that company au a reasonable
valuation.
Negotiations with the Chinese Government are pending
looking to a further extension of the contract, which may involve a
reduction
in the investment of the corporation
in China National
total,
$2,747,186;
| Philadelphia Transportation Co. (& Subs.)-^-Earnings
•
points therein
consumers' deposits, $20,819;
extension deposits, $2*9.157;
taxes, $494,758; accrued interest, $5,967; other accrued liabili¬
ties, $37,726;' unamortized premium on outstanding funded debt,
$763,124;
reserves,
$4,277,873;
capital surplus, $1,455,804; corporate
accrued
O'Donovan
company
new
notes due prior to June 30, 1946,. $150,000;
other current liabilities,
$25,455; main
this year
total of 16,314,082 revenue passenger miles.
This com¬
pares with the 65,467 passengers and
14,507,540 revenue miles flown
during May of this year.
During the first six months of this year
PCA has flown 340,083 revenue passengers a total of 73,461,714 reve¬
nue
passenger miles, compared to 149,621 revenue passengers and 31,932,392 revenue passenger miles flown during the same period in 1944.
securities
panies operating
Vice-President
PCA
airline
passengers
interests,
majority
net profit for the first six months of
such period in the company's history.
airline's
The
reflect the best
also
organized under the laws of those
subsidiary,
'
nues.
furnished by the sub-,
countries.
The corporation also owns 50% of the capital stock of Pan AmericanGrace Airways,
Inc., organized in Delaware (the other 50%
being
owned by W; R,
Grace & Co.), approximately 45%
of the capital
stock of China National Aviation Corp., a Chinese corporation (ohe
remainder being' owned by the Chinese Government), and, through a
well
as
Monday, July 30, 1945
COMMERCIAL & FINANCIAL CHRONICLE
THE
464
retired
debt,
assets
by
bonds,
$149,511;
retirement -in-1
total, $33,052,870.
the
Consolidation
Coal
Co.
These
motions
were
chair.
'
•
'<
objections to the plan were filed either by mail
sidered at
The
'
down
;
a
.later, date by the company.
stockholders of
-
or
by
'
more
*
Consolidation Coal
than
the
(Continued
-
Co.
two-thirds
on
page
on
July
required
499)
-
•
>
by voters
These objections have been duly registered and will be
consolidation
;
voted
.
in person.
'
stock, preferred, $3,200,000; capital stock
com¬
mon.
$2,500,000; first mortgage bonds, 3V*%
series
due 1971* $16375,000; serial notes due subsequent to June 30, 1946 $750 000;'serial
of
the
Several
con~
«.
•
24 approved
vote.
%
: :
the
.
'
*.
Volume
Stock-and Bond Sales
DAILY
*a?P
■
furnish
we
Figures after decimal
week.
4
Securities
July 23
July 21
the New York Stock Exchange
on
Daily
July 27
July 26
July 25
July 24
U. 8. Bond Price#
of
Record
101.19
101.20
101.21
f High
{ Low
101.12
101.7
101.12
101.7
[Close
Vis, 1966-71
Total sales
in
101.12
101.7
[Close
Total sales in
Total sales In $1,000 units
| High
( High
2y2s,
] Low
Sept.,
—{ Low
1967-72—
[Close
[Close
Total sales in $1,000
Total sales In
Total sales In $1,000 units
$1,000 units
] Low
1%S, 1952-55
;;
./V^-v
[High
Low
•
[Close
—.
2Vis, 1955-60-
2yeS
113.24
—
v.'v, -X-A
.
(High
—/ Low
2Vis, 1945-47
—
;
1959-62-
Total
(High
vV',"
i
•
:
■
—
.
—
units
sales In $1,000
Total
ill
■{ Low
| Close
;;
*
Hign
»
.
100.23
1
—
I High
:
2s, March 1948-50
(Close
Total sales In $1,000 units
100.23
101
In $1,000 units
sales
y V:;>>
—
\ Low i
| High
LoW
2%s, 1956-59
100.23
101
101.3
v -—
(Hign
•{ Low
(Close
1947
2s,
—
2Vis, 1951-54
101
101;3
.
71
—
sales In $1,000 units
2
101.3
[High
—4 Low
:y-u:X;':-.'-
—
[Close
Total
104.5
—
(Close
\ Low
2%S, 1948-51
$1,000 units
.:• v;.
Total sales in $1,000 units
.
—
f High
2 Vis,
—
[Close
Total sales In $1,000 units
104.5
[Close
Total sales In
1
—
-
104.5
[High-—{ Low
1956-59
113.24
[Close
Total sales In $1,000 units
•l'/s
—
113.24
—
108.18.
108.18-
Total sales in $1,000 units
■
(High
1 Low
—
Low
[Close
;
1
*
■
j
■yes, 1954-58
—
[Close
Total sales In $1,000 units
108.18
j-(High
—
{
—
Total sales in $1,000 units-
.
—
3a, 1951-55
1
-
[Close
Total sales In $1,000 units
107.8
'
—
[High
Low
f Hign
3s, 1946-48
107.8
{ Low
(Close
2'/is, 1951-53
[close
107.8
f High
-
,
\ LOW
Vis, 1949-52
-
Holiday
Total sales in $1,000 units
Holiday
units
| Hign
3
5
$1,000 units
—
2
71
$1,000 units
2Vis, June 1967-72
-j Low
July 27
101.21
101.20
—
—
Vis, 1946-49
July 26 "
July 25
101.20
[Close
2
Low
[Closs
-j
(High
3
July 24
July 23
July 21
fHigb
j Low
Treasury
Total sales in $1,000 units
•%S, 1946-56
the New York Stock Exchange during the current
point.
(High
Via, 1947-52.
of the day. No account la taken of anoh sales in computing the range for the year.
transactions in Treasury and Home Owners' Loan coupon bonds on
point represent one or more 32d of a
Prlees
Dally Record of D. S. Bond
Treasury
YEARLY
-
4 >b-
xv-
daily record of the
a
WEEKLY
-
United States Government
Below
Mew York Stock Exchange
«»
days range, unless they art the only transaction*
salts art disregarded in the
NOTICE—C»sh and deferred delivery
465
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4407
162
1948-50
Ss, Dec.
Low
•
Close
[Close
—
units
Total sales in $1,000
Total sales In $1,000 units
'
2Vis, 1958-63
■
Total
Total sales In $1,000 units
(High
{ Low
2s, Sept., 1949-1951
[Close
(High
j Low
2s,
Total sales In $1,000 units
\ Low
V
"*V '•
(High
j Low
■Vis, 1949-53
106.25
'
2
2s, 1951-1953
107.23
(Close
9
103.22
—
14
—
(High
] Low
\
1951-55
—
Low
[Close
[Close
Holiday
—
Holiday
Total sales in $1,000 units
[High
—
1952-54
2s, June,
\ Low
[Close
■Vis, 1956-58
102.22
102.22
in $1,000 units
Total sales
as.
f High
102.21
.—
(High
j Low
:
f High
Total sales In $1,000 units
—
;—-
[Close
3
Total sales In $1,000 units
«ViS, 1952-54
102.21
[Close
107.23
—i Low
Vis, 1950-52
5
102.21
1
Total sales In $1,000 units
107.23
f High
—•
(High
{ Low
1950-1952
Sept.,
2s,
106.25
[Close
Total sales In $1,000 units
102.21
4
units
Total sales in $1,000
106.25
102.21
102.24
fHigb
j Low
(Close '
•
Total sales In $1,000 units
102.21
102.24
—
■'..'•■V
v..
2s, March, 1950-1952—i
fHlgh
1948
102.24
[Close
Total sales In $1,000 units
2Vis.
:.—
—\ Low
1949-1951
Dec.,
—-
[High
in $1,000 units.
Total sales
[Close
•
—
sales in $1,000 units
.
—
1945
(Close
•-
(High
\ Low
[Close
Total sales In $1,000 units
*Vi9,
*
—.
/ Low
1949-1951
2s, June,
:
[Close
2%8, 1960-65
riigu
1
(Hign
Low
.
Low
<
102.20
Total sales In
102.19
102.20
—.
[Close
Total sales In $1,000 units
102.19
102.20
—
102.19
1
$1,000 units
■
fHlgh
2
—-■{ Low
Vis, 1962-67—
1952-54
Dec.,
2s,
(High
-j Low
[Close
(Close
Total sales in $1,000 units—
fHlgh
102.2
102.1
1
(Close
2
Total sales in $1,000
101.11
4
101.4
1
units
101.4
10
—
—-
101.11
101.23
101.4
—
Low
1950
(Close
101.11
101.23
In $1,000 units
(High
iy2s,
1
101.23
(High
{ Low
(Close
Total sales in $1,000 units
101.21
3
$1,000 units
1965-70
2%s
101.21
101.30
(Close
Total sales in
[Close
Total sales
101.21
101.30
{ Low
2Vis, Dec., 1964-1969
i LOW
1948
1%S
101.30
fHlgh
—
units
/High
102.1
102.2
Low
•{
Total sales In $1,000 units
Total sales in $1,000
102.1
102.2
fHlgh
2Vis, June, 1964-1969
[Close
2
Total sales In $1,000 units
4 Low
1953-55
2s
102.11
(Close
in $1,000 units
(High
102.11
-{ Low
2%s, 1963-1968-—
Total sales
102.11
7Transaction of
lot sales.
♦Odd
100.28.
27 at
1
.
"
'
registered
flTwo
registered bond.
bonds
were
sold
July
on
:
:
—.
1MB—-'
U4..
NEW YORK STOCK RECORD
Saturday
July 21
S per
share
S per
July 25
July 24
share
f per
*64'/2
68
67%
*113'/3
114
*113%
*71
Wednesday
Tuesday
Monday
July 23
*71
75
S per
share
*66%
67%
114
*113%
114
71
69'/a
70
13'/a
12%
13%
28
26%
26%
13%
12%
12%
28
27%
27%
*27%
14%
14%
14%
36%
'•35%
27
27
27%
42%
42'/a
48'/a
*62%
30%
*100
16
159%
*17%
29
For footnotes
see
♦35
27%
27
27
42%
42
42%
14'/a
42%
4'/a
14
36%
*27
36%
27%
42%
14%
♦35
14%
*35 %
♦115
67%
*66
•"
12%
118
$ per share
71
♦113%
27%
6%
67%
Thursday
July 26
73
114
12%
*115
share
42'/a
*115
119
119
Va
115
14%
36%
115
7
6%
6%
6%
6%
6%
7
4%
4'/a
4%
4%
4%
4
4%
49
47%
63
*62%
30%
*100
*15%
16
159%
159
*17%
18
29 Vs
July 27
the Week
f per
66
300
66
5,500
ACF-Brill
26%
1,400
Acme Steel
14'/a
14%
4,600
36
36
100
Adams-Millis
27 »/4
400
42'/a
3,600
*27
41%
H5
' 6%
4
47%
30
115
8,200
6%
18,100
4
5,100
47%
64%
62%
63
61
61
30%
29%
30%
29%
30%
400
475.
29'/a
106
16
159
18%
29%
*101
15%
160
18%
29'/a
106
15%
163
18%
29%
*101
15%"
162
18%
291/s
106
15%
162%
18%;
29 %
*101
15%
105
,
600
15%
162
162
*17
18
28%
8,800
29
1,000
•
2C0
3,000
—
No par
2.50
10
Abraham <fe Straus
Adams
Motors
Co
Co
Express
1
t
lll'A Apr
9
Jan
15
73y2 Jun 20
2
161/4 May 19
60
9% Jan
32% Jan
No par
39% Jan
100
98Va Jan
22
10
6V4 Jan
Allegheny Corp
1
5%% pf A with $30 war
—100
$2.50 prior conv preferred-No par
Alghny Lud Stl Corp
No par
Alleg Si West Ry 6% gtd
100
2% Jan
2
24
22
23
24
11
2
Inc
Alabama & Vlcksburg Ry
Alaska
Juneau Gold
Min
Allen Industries Inc
Allied
Chemical
&
4
Dye
Allied Kid Co
Allied Mills Co Inc
-
1
No par
-8
No par
34% Jan
56
Jan
28 ya Jan
91
Jan
13 Ya Jan
1531/4 Mar
15% Jan
28% July
26
2
27
27
18
19
24
10
21
11
21
1
7
30 y2 May
49
Apr
120
July
81/4 Jun
5y2Jun
60% Jun
68% Mar
347/8 Mar
-
I per share
52%
Feb
108% Nov
47
Jan
8y« Aug
1944
Highest
f per
tfiare
64% Jun
11-4
Jun
64
Dec
10%
Deo
Dec
Dec
28
381/? Apr
6
2
Reduction
15
16% Jun
24
22'/a Apr
Jun
28 y4 Apr
23
13'/a Mar 26
25'% Apr
10
Air
5
71
115
Par
—No
Corp
May
22
60 % Jan
100
Address-Mutigr Corp
♦26
49%
48%
preferred
12%
30%
47%
4%
40
I per share
shar«
No par
Abbott Laboratories
70
12%
t per
Par
697/a
*67
64%
•
EXCHANGE
Lowest
Highest
Lowest
113%
113%
Year
Range Since January 1
Shares
share
-
105
page
Sales
STOCK
NEW YORK
for
Friday
48 %
48%
64%
30%
30%
Range for Previous i'
STOCKS
LOW AND HIGH SALE PRICES
104
May 28
18% May 17
165 y4 Mar
20% May
34% Mar
6
3
1
10%
Jan
14
26%
Jan
33
19%
Jan
24%
37% May
43
Jan
Oct
July
100
75
5%
2
Apr
Mar
Dec
7% July
3V*
Deo
23%
Jan
36
Dec
37
Jan
62
Dec
24%
Apr
29% July
70
Jan
9% Jan
141
Apr
61
15%
157
Dec
Oct
Dec
Feb
13% Mar
18%
29
35% Mar
Aug
466
RECORD
NEW YORK STOCK
Range for Previous
STOCKS
LOW AND
July 23
July U
f
share
t per
share
per
28%
29 Va
101%
*100%
46%
46%
119%
119%
26%
26%
30%
61
62 Va
57%
28%
28 Va
79%
*78%
79%
16%
16%
26%
*78%
16%
30 Va
62%
28%
28%
80
79%
17%
*79%
,
16%
17
43
43
11%
133
11%
3,500
11%
42
11
10%
11%
52%
113 Va
30%
30%
114
112%
112 V2
112
112
300
29%
30
28%
29%
29
29
2,900
116
116
30%
118
116%
116%
116%
116%
116%
116%
130%
130 Va
131 Va
131%
131%
131%
131%
18%
18 Va
18%
18%
18%
18%
18%
22
22
22
*116%
130
*18%
21%
21%
109 %
109 %
*21%
% 22
22
!
*21
21%
,'
*108
109%
8,400
5%
5%
5%
20
38
35%
1,300
5%
.5%
5%
5%
5%
14%
*13%
14%
*13%
14%
*13%
14%
13%
13%
.
38
*37 Va
38 'A
*38
38 %
37%
38%
36
36%'
1,200
5%
*13%.
37%
5 Va
108 Va
100%. 100 Va
8
I
8%
8% i-
42
7%
7%
52
*49%
.10 VI
*
.10
;:
9%
10
*9%
*50
50%
31
31%
31%
31%
50%
*50
50
30%
,
31%
116
*114
114%
24
23%
23%
23%
12%
12%
12 %
12%
12%
22%
12%
27%
27 Va
140.
47
47
48%
47%
46%
46
46
.47%
2,100
> 30
140
*139
140
700
.26%
26%
■
7,000
12%
12V4
*139
140
*139
140
12 Va
26% U 27
27 Va
27
27%
*139
23%
12%
%
23%
140
400
«
22%
22%
46%
46%
540
i
7%
7Va
7%
t
17,800
77
78
76%
77V4
74
77
74
75%
3,300
69%
68
77
68%
76%
68%
68
68%
66%
68
66%
68
2,700
13%
13%
13
33%
13,%
13%
13
13%
'
(
7%
7%
185
*181
7
♦182
13%
13'/a
21,400
185
*182
■
14,100
20%
20%
20 Va
20%
20%
20%
20
20%
20
20%
89
89%
88 Va
89%
89
89%
88
89%
88%
89
720
*23
23%
23
23 Va
24
24
23
24
23
23
:■>: 1,500
*22
22 V*
22
22 '
21-%
21%
35 Va
36
47%
47%
37
*36
48
47%
.
;
169
168
.
163
*162
30%
31%
31
20 Va
20 Va
20%
24%
24 %
*
137
137
V?
32
77%
...
77%
24%
46
48
*117%
15%
.
16%
I.
109%
*109
22%
*117%
119%
V
17?%
76%
77%
152%
152%
16%
16%
.16%
47%
47%
mVa
33%
52%
53
*31%
33
32 Va
51
14%
22 Va
110%
40 Vi
40%
13%
*13%
5%
*5%
65%
65%
114
*112%
124
*121
14
11%
.
*13%
12
112%
11%
26%
28
27
*123%
125
*122%
123%
124
124%
93 Va
*34 Va
79%
*72
111
16%
*56%
70%
*118%
56%
71%
22 Va
14%
14%
18 Va
7%
37
*34%
*72
31%
31
111%
110%
16%
16%
16%
56%
56%
70%
*56
70%
118%
*20%
124%
7%
:
1,100
68
67
31,500
9
8%
'
111
126
/
preferred
Armstrong Cork
11%
11%
26%
1,400
/
6%
*
140
>
124%
♦123V4
70%
*118
95%
X90%
108%
66
37
200
110%
*111
;
400
t
i
-
V
57
16%
177/a
*56%
57
69%.
6,400
200
69%
390
110
*21%
22 Va
*21%
23
14V»
*131/4
141/4
100
*100
18
18
14
100
101
.
18%
18 Va
*99%
100
18
18%
7%
27
253/4
26%
600
180
1,200
•«':
7%
7%
8 .V
No par
G
&
6%
W
100
—1
I SS Lines
non-cum
Atlantic
,'—100
25
100
4
3
50
preferred
Refining
conv
pref series A
Corp.—
preferred
No par
Atlas Powder
5%
conv
100
100
100
-
100
preferred
No par
No par
45 prior A
^
No par
Autocar Co
5c
Aviation Corp pf Del (The)
-—3
Atlas Tack Corp
-
101
19
Atl
4%
571/4
1171/4
70
1st
preferred™..
Atch Topeka & Santa Fe
'•?" 5% preferred™——
Atlantic Coast Line RR
Atlas
118%
118%
—1
100
100
5%
800
17
69%
7%
3,800
111%
..4
__5
.——No par
preferred™;
2d preferred—-!
5%
78
30%
118 %
14%
261/2
34%
*'72
30'A
70%
22%
261/2
3,800
•_
Assoc Investment Co
'
;
8,400
119%
*21%
/s
i
j.OOO
77%
17
57
.
67
34%
34%'
- v
92%
.
66 Va
110%
17 Va
*14%
7%
105
-
:
:
105%
90%
;;,
31%
*72
111
14
7%
103
30%
79
31%
22%
7%
50 j
*47 V4
*107
68%
34%
"
92%
106
105
69'A
"■
50
108
*107
—100
No par
Associated Dry Goods
80
125
125
124% 124%
124%' 125
Corp
Artloom
1,700
26%
,Jio par
Co—.
Constable Corp
Arnold
200
14%
*13%
12
preferred
7%
60
2,900
42%
421/4
$6 conv prior
400
111
.*122
271/2
*471/4
50
108
14
*17%
300
'
100
100
:
68 %
79
30%
118 V2
120
18
93%
111%
16%
*20%
100
,
107
68%
37
31 Va
!
94
67%
*72
111
„
1,000
e i::
"
*47 "A
*107
108%
*34%
30%
108
108%
69%
68
124%
50
*47
*107%
95%
26,
'
:
"
'
14%
12%
123%
111
*13%
14
12 Vj
123%
93%
42%
■
7%
34,700
25%
26%
14,100
Austin
Nichols
Jan
72V2
Dec
Jun
7%
46
Apr
133
Sep
8
May
14
July
82
Mar
-
42% July
Jan
99%
Jan
27% July
Nov
II51/2 July
Feb
131 Va
108%
Aug
20%
Dec
101%
Feb
107'A
Dec
21%
Sep
36%
Dec
,
111
8
33
45
Mar 9
106
Jan 13
76% Jan 31
101- Jan 30
48Va Jan 22
33% Feb
1
74% Jan 5
3Q%July27
110
Apr 20
14% Jan 22
55% Feb 19
60
Jan
2
113
Jan 25
18% Jan 6
10% Jan 22
77. Jan 2
14% Jan 2
5% Jan ,24
Dec
40%
46
Nov
76%
Mar
4
Jan
61
Dec
6% Aug
Jan
65
Oct
Jan
7% Aug
■)
79'/2
Dec
7'/«
Apr
9% July
6Va
Jan
9% Aug
50
Jun
14%
Feb
28 Va
Dec
801/2
Jan
111%
Dec
14%
Feb
24%
Dec
8%
Jan
12% July
Feb
26
"46
Jan
20
Dec
Feb
130
Oct
32
Jan
V 43
Dec
2
Jun
115%
21
2
3Va Aug
Dec
44%
Feb
66'A
40
Feb
60%
9
Jan
12% Aug
163
Jan
3
*3
Dec
180
Aug
12 Va
17% July
Jan
77%
13%
Jan
18Va
Sep
13Va
I.
Jan
62 Va
23
17
29
15
Feb
191/2
Dec
Dec
43% July
Jan
165'/a
Dec
45%
Jan
147
Dec
371/4
;
26% Jan
36 Va
22
Dec
39% May
Nov
152%
Dec
22>A Jun
28%
Dec
15
Jan
19% July
16%
Jan
29
Feb
111
Jan
146
7
Apr 24
Jan 3
Mar 7
Jun 8
July 10
Jun 15
Jun 15
Jun 7
Jun 26
56
:
26% May
156
Jun 22
Apr 30
Apr 30
Mar 6
Jun 18
29% Jun 26
127
Jun 25
;
125
July 28
- .
50
Jun 29
108% Mar 23
- 101
Jun 25
-114% May 19
79% Jun 25
40% May 1
80
Feb 7
36% Feb 15
113% Jan 3
19% Jun 27
58
Jan 23
74
May 31
119
May 18
24
Feb 2
,
16% Jun 26
Jun 22
23% May 7
9% Jun 28
Dec
Dec
Jun
31%
166%
Jan
Dec
56%
Jan
75
July
57%
Jan
75
July
139
152% July
Jan
8%
Jan
39'/2
Apr
Apr
15%
;,
84%
Jun
16 %
Aug
100
Jan
6Va
Jan
67'A
Dec
49
120'/a July
6'A, Jan
July 10
Dec
25%
132
"
116%
Jun 27
Mar 15
132
Jun 16
49% Apr 24
,.15% Jun 9
15
May 21
102
Apr
94%
39% Mar
68
July 27
10% Jun 18
117% Jun 15
•
Jun
v.
25%
Apr
3Va
x56% July 12
35'A Apr 23
-2
2
20
3
4
102
Jan
Jan
'
6
27
27
27
DecMar
5% Mar
Jan
15%
6
50
Mar 26
-6% Jan 2
29
Oct
59
V 36% Jun 26
112%,
44%
».• 15%
7Va
11%
Jan
68
2
109
July 20
38% July 6
12% May 4
4VaJan 2
Apr
1%
..
Jun 14
,
4% Aug
23
;
29'A Jun 28
128% Jun 28
v
8% Jun 22
,83
Jan
14
2% Mar
Apr 25
45% Mar 6
162
Jun 25
35% Jun 26
Jan
Nov
15
Mar
10'A
i
9
Mar
Dec
23
107
172
25
Nov
Apr
68%
15% May 7
184
Mar 16
22% July 10
91% Feb
25% Apr
24% May
40
Feb
50% Jun
95 % July
183 Va
Jan
33 Va
142% May 24
> 48% May
7% July
82% July
74% July
Oct
170%
May 2
Jan
102% Mar
111
Mar
42% July
fHVaJan
' 10
Jan
18
Jan
113
Jan
111-: Jan
19%
Jan
126 V2
38% Jan
24% Jan
>:■
Jan
37 'A
Mar
Feb
Jan
Jan
May
Apr
29 Va Jan
__12.50
preferred ——
No par
Anderson, Clayton & Co—
214/5
Andes Copper Mining—-20
A P W Paper Co Inc....
—5
Archer Daniels Midl'd
No par
Armour & Co of Illinois
5
$4
'
6
125%
43%
*120%
Anchor Hock Glass Corp
1,000
13%
13%
111
111
126
14
123%
*106
112 Va
*121
14
123%
47%
9Va
43%
25%
108
66%
8%
M
9%
43%
25%
47
66 Va
66
43%
25%
*107%
5%
9
50
No par
Anaconda
20
40%
40 Va
401/2
;
Jun 18
60
27"A Jun 15
14% Jan 9
31
Mar 6
60% Jan 23
Wire & Cable
950
300
!
31%
Dec
23'/a July
115
25
Mining
451/2
Apr
5
' 11% Jun 25
10
Jun 15
2
100V8Mar 26
5% Mar 27
preferred-
Jan
Dec
16
50% July 13
99% Jan 11
7
Nov
110% July
40
-
37% Jun 25
.-No par
.——100
1
Smelt
Anaconda Copper
17,300
110%
*109
13Va
*5%
12
43%
12
40
13%
5Va:
$5 prior conv
50%
49%
31%
-
110%
13%
9%
125%
110%
33
40 V2
/
66
113%
123
50
*31%
33
*109
9%
50
51%
51%
*31%
,
l.No par
Preferred
2,600
32%
32
No par
Elec
Woolen——
Amer Zinc Lead &
79
*75
32%
f";
6%
6%
6%
79
32
33-
32%
33
*75
79%
*75
32%
x6%
6%
,6%
6%
-
preferred—
American
300
120
120
120
120
V
1st
$6
200 r
9,400
Wks &
Water
Am
14,900
15%
110%
20%
119
Common class B__
—
*109 Va
%
*13%
48
119
15%
5%
44 V8
47%
*116 Va
V
16
119
114
43%
48
119
22 %
119
110%
9
3,000
47%
109 %
13%
9%
9%
4,800
*116%
—25
Tobacco—
—25
6%
preferred
100
Amer Type Foundries Inc
^10
American Viscose Corp_l———-14
5Vr preferred
100
v
380
16%
14%
40
65
65
H
154%
<
16
20%
40%
5%
,
.
109%
*109
*5%
154
16%
23%
14
40%'
*13%
15%
110%
110%
*109
76%
77%
153%
153
119 /'V-v
15%
51%
*31%
76%
77%
,
100
Telep & Teleg Co
American
1,900
3,600
Tobacco
Sumatra
rtmer
10,200
77%
77
22%
22%
79%
*75
*76 Va'
Preferred
•
Am
178 Va
177%
77%
Refining
::
31V2
3 - 28%
July 19
56%
Jan 12
142
Jan
2
35
157
Jan 31 Zj 184
65
Jan
2 7. 79
65% Jan 2
80%
145'A Jan 3 xl61
13% Mar 27
19%
43% Mar 27
54%
117% Jan 22 ; 121'/a
>8% Jan 23
17'/a
22%
45 V2
128 Va
29%
No par
—100
i-lOO
No par
Co
Stove
American
American Sugar
42%
Jan
May,
,:T 10% Jun
97% July
.
17% Jan 16
No par
American Stores———
200
.
,
*109 Va
15%
109
6%
80 %
32%
15%
21%
,
600
30%
*30
31
•
153
♦116%
.
goo
1,700
139
179%
177%
77%
*117 V4
6%
6%
"
77%
109
23%
*74
"
V *30
31
178%
119
1
2
Corp
■
:..W.
46
46
*137%
139
*137%
138
*30Va
-
%
•'24 V;
24
V.
•
77%
77%
*117%
119
20
20
%
46%
6,200
31
30%
24
47%
47%
163
*162
20
178%
77
400
.24
*46
46 Va
.
138
138
:
151
16'/a
.
16%
44%
31%
77 Va
77%
16 Va
*43%
163
177%
153
153
"45
44%
'
*30% -31
77%
7,600
:410
20
%
20
24 %
'
31
*30%
177% 178%
120
47 %
167%
30%
20 Va
*
*45%* 46 'A
46
137
31%
'
36%
46%
167%
*35%
1
*162
163
31%
24%
46
:
;
♦162
20 %
*24%
:
46
*45/
500
47%
36
167%
167%
s
..
167%
47
48 Va
47%
•i-
21 %
*35%
36%
36%
167
167%
*44 V4
45%
*162
163,.
:? 21%
22 Va
*21%
167
■;
45%
*44%
'
Dec
Mar
;
109% Jun 29
43% Jun 29
i
6% Jun 16
. .
15% Feb 20
43% Jun 28
.
5% July 3
111
May 22
31% July 10
; 104% May 25
46% Jun 14
.
9% July 10
V 51% July 11
.
81% May 5-
-
185
*182
41/4
Jan
28%
Feb 21
Feb 20
133
Jun 13
21% Jun 27
24% Jun 26
''
185
*182
185
7
6%
V/8
6%
2
119%, Apr 27
3
No par v: 6% Jan
5
J.0Q
70
Jan 15
—No par
9
Jan
3
American Invest Co of 111
—1
7% Jan 3
5% conv preferred50
48% Apr 22
American Locomotive
No par
26
Jan 22
7% preferred
.—
—100
108
Jan 30
Amer Mach & Fly Co
No par
21
Mar 26
Amer Mach & Metai3
No par
11% Mar 27
Amer Metals Co Ltd
No par
24% Jan 24
6% preferred
100
130% Jan 26
American News Co
No par
41% Jan
2
Amer Power & Light—
No par
-2% Jan 2
$6 preferred
—
No par
60% Jan 22
$5 preferred
No par
54% Jan 22
Am Rad & Stand San'y
No par
11% Jan
2
Preferred
—100
176
Jan
2
American Rolling Mill-:
——25
15% Jan 2
4%% conv preferred
100 ;
75
Jan
2
American Safety Razor
18.50 > 16% Jan
4
American Seating Co—
No par
17% Jan 15
Amer Ship Building Co.,
No par
32V2 May 22
Amer Smelting & Refg
No par
40% Jan 2
Preferred
—100
164'A Jan
3
American Snuff——25
41% Apr 9
6%
non-cum preferred—
100
153
Feb 9
Amer Steel Foundries—
No par
27% Jan
2
'
23%
*27%
113%
113%
114
113%
116
*114
114%
!
7
17
8
12
28
25
Jun 25
115% Jun 27
31% July 13
8
2
preferred
Internat
Amer
12,500
■
Mar
47
Dec
24V4
Apr
82
21%
47%
135
13%
104
195
55%
.
Mar 9
Jan
3
Jan 22
Apr 26
Jan 24
Jan 2
Jan
3
Jan 3
Jan
2
68% Jan
Products—-
July
118
Apr
17%
26
80
Ice
6% non-cum
.
~60
i
■
■
31%
30%
conv
American
1
•
:
:
50
50%
*50
50%
6 %
•
American Home
1,300
V'y.j 300
1,200
8
Z'
9%
Leather———1
preferred—
50
American Hide &
,
1,200
91
91
10
9Va
.
7%
8
96
9%
10
*9%
€
;..a90
10%
£.400
76%
76%
8
8%
94
300
'.1
51%
75
76 V»
SVa
>
-
40% July
69% Jun 28
34% May 25
Jan 2
20% Jan 2
91
Mar 1
38% Jan 24
-5.Jan 3
-
6,000
7%
*49%
10%
10
42
.
500
:
European
American Export
J 500
8
76%
*90 Va
32%
.
31%
42
'
100
>'
42,
•
52%
93%
-*9%
10
*9%
*50
100
'
112%
13%
18%
105%
30%
3%
16%
27
.2%
96
Sees—.—No par
Lines Inc
1
Amer & Foreign Power-No par
$7 preferred
No par
'.
$7 2d preferred A—
No par
$6 preferred
—No par
American Hawaiian SS Co
10
Amer
100
10,900
27%
100
;
7.6%
V8!4
*10
100
*49%
77
4%
105 Va
26%
26%
8
52%.
*91
10%
*9%
<.
4%
105%
28 Va
105
43%
*42
42%
*V-' g ':
*8Va
92
*91
100%
*76V2
78
77
10.0%
v
100%.
>49%
51%
*49%.
28%
.42%
8% ;
8
108 Va
28%
28. .L
*99%
.
43 %
*42%
4%
*106%
27%
4%
105 %
4%
5
5
106
28%
5%
106
-4%
5%
*105%
27%.
Crystal Sugar
/
6%
1st preferred
Amer Distilling Co stamped
American Kncaustlc-Thing
American
: Jan
110
10
10
100
20
-1
Co
American Colortype
400
100
No par
Chicle
American
96 ^ Jan
27
Jan
No par
Cable Inc
&
105
Dec
July
103
32% Apr 25
Jan
5
Jan 20
39
—100*
preferred
non-cum
Chain
Fdy_
&
Car
5% conv preferred-
v>.
600
36%
34%
35% r
35%
18%
18%
109 %
*108
109 '/a
*108
35%
35
36%
35
120
:/■■.> 270
.131%. 131%
1%
-
Am
1
109%,
*108
7,000
52%
51%
52%
*112%
.113%.,
30
51%
53%
52%
52%
51%
114
*112
%
Preferred
American
Apr
6% Jun" 28
Feb 20
July 27
Feb 10
130 .
10%
89 Va
183%
1
—25
—100
No par
Jan
8
22%
Jan
33 '/a
49
126
09% Jan 30
-
141/2
96'A
8
8
29 % May
15% July 27
x41
Mar 21
100
Radio Corp
&
Can
American
240
'
51%
Co
preferred
5%%
1,800
•
188%
Corp.—
Bosch
Brake Shoe
Amer Cable
10,400
»
96
95%
188%
189
Am
30
Va
50
1
No par
preferred
American
132%
132%
96 Va
95%
*188 V4
189
120
2,000
16%
42
133
6%
1,000
16%
42%
11
97%
x97
*188%
•'
79 Va
•
17
*132%
133
11%
11%
96
189
26%
Jun 15
31
3% Jan 6
43% May 14
Agricultural Chemical_No par ;
American Airlines (new)—
5
American Bant Note
10
Highest
$ per share
S per share
49% May
125% May
Jan 19
1844
Lowest
•
102% Mar 26
107 Va Jan
2
28
Jan 24
42% Jan 24
20% Jan
2
Amer
1,800
4,500
*78%
79%
42
43%
*132 V»
.
*183
17
*42 Va
95 %
96 %
189
900
59%
31 Va
23
No par
Amalgam Leather Co Inc
1
6%conv preferred
—50
Amerada Petroleum Corp—No par
200
"
43
*132%
U%
'
95%
188%
-
43
133
*132%
;
31
30%
60%
/.
■
•
V-
26
28%
30%
64%
•
31V4
60%
30%
62 Va
28%
30%
46
110%
110
100
preferred.——
conv
Alpha Portland Cem
1,200
5%
*5%
46
47
111V4
4%
600
1.100
25%
No par
Mfg
Vi
-
$ per share
20 Va Jan 24
99% Jan 7
38Va Jan
2
113% Jan
2
100
preferred
5%
119
25
5%
5%
*46
111
Allls-Chalmers
No par
Allied Stores Corp
3,800
>:
45%
*116%
26
31%
63%
28%
5%
111%
111%
46 Va
119%
25%
5.700
,
101%
*101
45%
Va
117
47
*46
47 Va
111%
111%
47
5%
5%
5%
*46
46%
113
28 Va * 28%
29 Va
101%
45
26 Va
5%
5%
46%
28%
>100%
119%
*26
26%
113
29 %
101%
46%
118
26
28%
$ per share
Par
Sharee
$ per share
share
'IOOVb
29
101%
*118%
46%
46
118
t per
share
$ per
Year
Range Since January 1
Lowest
Highest
STOCK
YORK
EXCHANGE
the Week
July 27
July 26
July 25
share
28%
'100%
•
NEW
Sales for
Friday
Thursday
Wednesday-
Tuesday
July 21
$ per
HIGH SALE PRICES
Mwiday
Salwrdlay
Jan
Nov
9%
Dec
107
Dec
6Va July
4
Jan
44
Feb
24%
Jan
291/4
Dec
25
J an
39
Dec
20
Jan
28% Julv
9%
Z *>'•
>
•:
Dec
4%
Jan
Aug
57
Jan
:
- •
14'A
Jan
2%
42
Dec
65
<j
•
Jun
6% July
4%
Apr
74%
Jan
107»/2
119
Dec
Jan
85
Jan
35'A
Apr
46%
91/4
Feb
12% July
8% Man/*)'
Jun
13%
»
Jun
19%
Dec
12%
Jan
90
Jan
113
85%
Jan
113% Nov
Dec
45 %t
Sep
103'A
Jan
108%
Nov
53%
Jan
-A 83V2
Dec
82
Jan
106'A
25%
Jan'
55
25
Feb
38% Nov
59V4
Jun
33
May
24%
Feb
Dec
Dec
"
76
-
;Nov
32% May
Jan
107%
.
114
:;l
Oct
11%
Jan
17%
Dec
531/4
Jan
57 Va
Oct
62
Jun
521/4
Apr
112
120% Aug
May
20
14 Va May
Apr
<
14%
84'A May
.
15% Nov
Dec
3%
Dec
13% May
Jan
7
66
Jan
■
6
Dec
B
*
20/4
21Va
21'A
21%
19%
21%
19%
21 %
•
,39,400
33%
32%
33%
33%
33%
32%
/
19,100
llVa
17%
17%
17'/2
30
33%
17%.. 17 Va
31 %
18
*171/4
171/2
*73%!
751/2
75
73V2
731/2
73 %
*731/2
-I
.1
1
20%
32 A
,
21/t
75 %
34%
28
35%
*25%
26%
*52%
53%
*52%
53
35
19%
195A
*37%
42%
19%
19
12%
12%
*39%
40%
*115%
119%
For footnotes
see
19%
37%
42%
page
475.
42Va
108
42%
108
12%
12%
*39V2
40%
*115%. 119
26%
53
.
20
19V8
19%
37%
35%
*52%
191/2
19'A
38
108%
*108
19%
;
35%
26%
35%
v25V4
.
■
*74
19%
37%
37%
42%
42%
*106% 107%
12%
12%
*39% ,40%
*115% 119
.
34%
*26%
*52%
19
19
37%
41
74
35%
28
53
19%
191/4
37%
41
106% 106%
12Va 12%
38% 39%
*115% 119
34%
26%
53
19%
•> 1,700 * Barber Asphalt Corp
200
:
*
,
12
12%
-
8,000
19
19%
37% "37%
*41
42%
*106% 108%.-
*39
40%
*115V2 119
40
^
<
34%
26%
*52%
19%
500
2 500
700
800
50
-
3,300
120
Barker Brothers..
5%% preferred.
Barnsdall Oil Co
Bath Iron Works Corp
Bayuk Cigars Inc__
Beatrice Creamery..
$4.25 preferred
Beech Aircraft Corp
Beech Creek RR
Bee;h-Nut Packing Co
25% Jan
.100
22
30% Jun
6
26%
Dec
11% Jan
-13
Baldwin Loco Works v t C.
Baltimore & Ohio———-.
'
4% preferred
—
Bangor & Aroostook—
Conv 5% preferred
22
28% Jun
26
5%
Jan
13%
Dec
31
44% Jun
22
9%
Jan
-23%
Dec
21
9%
~
.100
19% Jan
31
23
Jun
Mar 27
79
July 13
...50
12% Jan
.100
66
-10
30% Jan " 2
443A May 18
May. 4
par
17% Jan
3
31
50% Jan
9
54
Apr
30
...5
-—
16% Jan
2
25
Feb
28
7
1
INo
18% Jan
22
22% Mar
par
32% Jan
19
40
._25
INo
Jan
23
44% Jun
par
1
36
106% July
9% Apr
..50
36
..20
114
3
25
Mar 17
Jan
20
,
Apr
14%
Jan
•
„50
—No
18
May 31
14
60
Jan
•
21%' Apr
12
Dec
68%
Dec
23%
Dec
18
Jan
July
"
14%~Sep
18% Mar
14% Aug
19%
25%. Feb
34 % Nov
31
Jan
38
111
Dec
Dec
Oct
Jan
11
105%
Jun
15% Jun
28
7%
Jun
14%
Dec
Jan
38
Dec
Jun
121
NOV
110
40 Y* Jun
124
6
May 29
31
HIV*
Volume
162
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4407
RECORD
NEW YORK STOCK
LOW
$
AND
HIGH
SALE
Tuesday
Wednesday
July 23
July 24
July 25
$ per
per snare
t per
share
$ per
share
Range for Frevtews
STOCKS
PRICES
Monday
Saturday
July 21
July 27
July 26
share
,.3
7.•
Share*
r
STOCK
YORK
NEW
■t----
the Week,
A:
$ per share
f per share
-
Sales for
Friday
Thursday
EXC-'HANGE
: :■
Year
Range Since January 1
4';-4,4 ■:
Lowest
.
Par
,
Highest
$ per share
$ per share
$ per share
1944
Lowest
Highest
per share
'
'
14
14
14%
14% \
*13%
14%
20
21
20%
20'/a
20%
21%
18 'A
v
18%
18%
18'%
18'A
18%
*105
.
*105
106
49%
24
56
*54
*23
23%
*22%
19
19%
77%
24%
24
56%
*54
56
;/,.:*22%M23%
22%
22%
4.A: 19'/a
18%
19
19%
78%
78%
77%
79%
142
142
141
*54%
78%
26%
*54%
28%
28%
28%
28%
28%
28
28
14 '/a
14%
14%
14%
14%
14%.
14'/8.
*23%
24%
*23
24%
*23%
24%
20 %
20%
20
20
*20%
20%
*110
23%
24%
57
57'/a
57%
105%
105'/a
111 %
24%
24%
*105%
^
106
*56
106
"
136
♦117%
39
v*
.
40 %
;
46 :v
21%
22
'
40 V*
12
40,
21'% V':
*51%
-
41%
v
11%
12'/a
40%
42
*49
'
12'/a
50%
.
ii,
..
41
•?"- *41%
27%
56%
*-25
15%
•
24%
-A;
-
-15-
124%
124%
14'A
14%
85%
84
;•
;.
22
15%
15%
41% ;,
41%
25%
85
T
25'/a
•4
4:
'
24%
14% 7715 %
"i
l
.22%
22%
15%
23
15%
23%
15%
9%
9%
9%
81%
82
65 >4
65%
65
4
t
•
17%
17%
15% '415%
*82
*-•'
,?
U
83%
9%
*82
65 y2
:
85
■
■;
17%
108
3%
3%
3%
16%
i7.
97
C
3%
95%
25
25.
;
*1
55
4-4
7,
31
30%;
31
54%
15%
15%
4 116'/a
*115
*114 Vz
48%
*48'%
48'/a
■V
A.' 15% 4 16'A
15%
15
52%
52%
53
*12%
13
13
13
13
V*52 'A
a
*53%
12%
54%
*36
?
$
■
.
4:
114'/a
114%
15'/»
15%
.
A
-•
50'/a
*49
•
,15'/a 44
34,500
35%
4" 35
24%
25
25i/a
25%
24 77
25
66
64%
64%
63
63
*63
6%
*160
62%
62%
6%
6%
37%
163
*160
163
Capital
62
37'/a
163
163
62% ■i 62%
62'A
61%
45%
46%
V *45%
45%
105%
105%
105%
*105%
107%
149
150
"
148%
149'/a'
*148!
150 77;
15%
15%
20%
22%
6
111%
111%
15%
*111'A
16
31
1
22%
g v.-..'
6
32%
415%
34%
34%
10
9%
■1*158 V/v
46
46
160
20 y4
20'A
20% 1
21%
5%
22'A
5%
*111%
,
4;
*111'/a
16
16
4:
15%
16%
31
15 '/a
112
31:..
30 .4
31.4.4-
*158
A
160
160
23
4;:
♦22%A 23
*32'/a
32%
111%
*110%
111%
*110'A
16%
50%
50%
8%
8%
8%
20%
20%
8%
40%
66 Va
25%
25%
66%
A
59
*51%
25%
*51%
A-''.
57
16%.
16
16
50%
49%
50%
300
8'/8
8%
21%
200
01<iSS
8'/a
9
28
2,500
38 '/a
41
67%
63'A
67
63%
66%
21%
21
21
21
21
21'A
'4*25%
25%
51%
24
*51 Va
52
-
24%
,
24%
52
*50'/a
57%
*57%
57%
*57%
57%
*57%
57%
*57%
17%
17%
*17%
18%
17'/2
17'/a
•17,
17%
16%
7
33
*32
106%
•.
102% ' 102%
47%
47%
22%
22
22
36 %
37
37
.: 102%
*102
*96
•/
53
200
*111
112
47
*99%
*47
107
46%
107
*107
100
*99%
;
48
"•/.
11%
•
•
107%
100
46'/a
*21%
21%
37
*102
105
11
36
*50
*175
200
99
*95
99
112
112
112
54
4-7
48%
♦47'A
107%
♦107
*99'/a
*47 Ve
*107
*99 '/a
100
9,ioo
46%
4,000
21V8
2,000
'
102'/a
100
4 :
51%
99
270
qna
1,000
112%
47'/a
80
47%
1,100
107% J"
107
107
100
*99'/a
100
40
59%
58%
*57%
58%
*57%
58'/a
57%
57%
~50
36%
36
36%
36%
36%
35%
36
35%
35%
"3,600
40%
40'A
40
40
40%.
40%
40%
40'/a
40 y8
40%
1,200
*148%
150%
*148%
150%
*148'A
150%
*148'A
134
*133% 135
1,200
134
*64
"1000
65
*64
*1000
:
*34%.
35%
39%
39%
111%
*27'%
*42
33%
*34%
For footnotes
see
111%
35%
.
39%
*111%
27%
27%
44%
*42%
34%
35%
page 475.
34
150%
65
__
35 %
39%
113
27%
44
34%
34% \ 34%
*148%
64
135
135
134
'
:
64
64
*35
36
*40
41
28
*42%
35
34
64%.
'■
113
28%.
44
36
34
*35
40
*111%
27%
*42
33%
33%
134%
64%
150 Vz
135
64.'/2
60
35
35
40
40
40.
*111 %
29%.
4'■
28
-
33%-
500
20
73,900
28'/a
43%
33
34%
*32%
1.700
113
*41.
44
35
Feb
%
Jan
Jan
Apr
19% Jun
33%
1,100
90
30% July
-
V
57
7%
-
35 y4
-12%. July
51 Va July
20
6%
Feb
55% Mar
1
97
Jan
27 Va
Jun
18%
Oct
39% Jun
28
May
1
May
.
<7
7% Jun
2
47% Jan 22
56% Nov
4
8
May
7
69% Jun 2.7
'52% Apr
37Va Jan 15
Jun
2
153
Jun
14% Jan
2
33 Va
65
Clark
EqUipmeht
5%
Mar
Deo
31%
Apr
54
5%
106
129% Nov
Jan
17
Jan
19% July
20'/a Apr;; 5
2 4'/a Jan
10
19
Nov
23
4% Jan
2
7% Jun
18
109% Jan
16
115% Feb
23
10% Apr
13
20% Jun
18
38
Jun
14
18
July 13
5
18-% Jan
Mar 26
25
2%
107
15'/a
Jan
Jan
Special
15;
8% Apr
20%. Apr
7% 'Jan
-
12'/a
23
30%
Feb
11% Jun
7
4%
Apr
9
Jun
Jan;
8
Jun
22
May
134
Nov
23
Deo
31V4
Dec
161
28 Vz Jan
20
41
' Jan
3
14% Jan
5
Jan
Jan
Jun
22
7
27%
2
54% Mar
11Feb
14 %
Dec
2
17% Jun
44
50%
Deo
Apr
18
5%
Sep
9Va Mar
26
22
18
11%
Jan
18% Mar
Jun
12 % Jun
5% Jan 22
18
4% Jan
.
Jan
22
34% Jun
18
18
49% Jun
26
21%
Apr
54% Jan
22
76% Jun
26
43%
Se
15%
7% Mar
Jan
22
Fe'
•'
100
.—3
114 '/a July
46% July
Jan
25% Jan
24
:
24% May 29
19% Jan 22
par
19% Jan
49
Jan
3
par
54
27%.Mar
2
par
Jan
7
'
25% Mar
30% Nov
•
65'/a July
Dec
2.1%
; 16% Ja
38% Ja
21% July
49 V2 Nov
-
54% Apr
19
58% Apr
19% Jun
10
47
Jan
15% Jan
par
8
13
Jan
19 %
Jan
18% Feb
23
17 Va
16
57
2
53'/a Jun
2
23% Jan
2
43 Va Jan
18
Jan '
2
7
98
105
9% Jan 27
2
20
186
Apr
Jan
26
105
May 15
109% Jan
2
Jan
22
•
89
1
44
107
No par
35% Jan
100
140
Coca-Cola Co
No
par
130
No
par
A
*
No
Collins & Aikman
No par
5%
conv
preferred
Colo Fuel & Iron
4%
4%
&
Corp
Southern
non-cum
non-cum
par
100
No par
—100
preferred—100
2nd preferred—100
1st
.
95
6%
Oct
Jun
50'/a July
"
25'/a July
Dec
25% Nov
31%
•
NOV
96 Va
Oct
10%
Jan
51
Jan
Dec
-
35% Feb
148
185
Jan
76
Jan
110
:
-
Nov
37%
90
115%
45'A
Apr
Jun
Jun
Jan
Jun
16
106
Mar
109
Jan
30
92
Jun
96
Aug
57% July
5
.
2
6
27
30% May
44.% Anr
141
Oct
'
34'/a
Apr
38'/a Mar
?
39 Va July
May 31
151
.
53%
52% Mar
.-40% Mar
,
•
Coieate-Palmolive-Peet
Jan
Jun
July
Jun
9
Apr
27
54% May 14
May 31
62% Jan
2
*
1
19
.
Nov
July
110% Apr
100
3
Cluett Peabody & Co__
Preferred
,Mar
114% Feb
July 10
93% Jan
2
Class
19
60
17
(The)
Jun
13% May 18
49 4: Jan
170
Feb
gtd—50
stock
98 Va
Feb
14%
21
6%
30
•
31
34%, Jan
.
40 '/a
IS
Jan
20% Jan
'
May
77% Feb
117% May 29
91% Jan 24
442% Jan
Jan
12% Jun
6'/a Mar 26
15% Jan
23
108
37%
Apr
16
20
Mar
r-
68
47% Mar 27
par
17%
Jun
25
39
3
Jun
57
115% Jan
21'A Mar 28
110
53 % Jan
4%
Dec
•38% Feb
50
gtd
Molybdenum—
Sep
Mar
28% Nov
2
No par
Climax
July
4% July
-114
Jan
7?
100
(The)
7%
Jun
10% Jan 22
Jari 24
100
—
Co
Deo
Jan
11
a——No par
Pitts RR
July
«-40 V«- Jan
Jun
113
5
preferred:
Oct
14
Louis Ry.; Co
100
preferred;——
100
Clev El Ilium $4.50 pfd_.
-No par
Clev Graph Bronze Co
Dec
39
25
—3
C I T Financial' Corp—No par
City Ice & Fuel—
A—No par
City Investing Co——7—-No par
ii
Dec
22%. Dec
>
18% May
7
21% Jun- 13
———
preferred—-A——.,.
Deo
Dec
Dec
152 'A
5
127:4 Jan
119
Jan
25
110
54 Va
-
>
33
Apr
143% July
44% Jan
27
44% May
171
3
11%
-
43'A Jan
2
104 % May 15
—.——
Stores.
Dec
Jan
Apr
24
5%%
Dec
47 Va
-
8%
18
City
Dec
21% July
-
.42%
19
,
Nov
iy4, Jun
-
-5
8% Feb
Corp
Sep
26
36 V2 Jan
Copper Co_
Dec
Jun
4% Jan
Chrysle-
Deo
•
25
33% Jan
29% Jan
Co-
Colorado
<
96
23% Feb
130% May
2
Jan
152
May
17%
-
15% Feb
5
Mar 26
Jan
Jan
15% Jan
:
24
..57
Mar 26
7
6
23
;
65
14S
Feb
152
5
Jan 22
111
Feb
146 Va July
May
Coca-Cola International Corp No par.
35%
113
53%
Feb
53
2
5 'A Jan
10
Oil
Cotton
—
4
"1000-
*1000
*1000
*111%
135%''
17
23
—No par
tChilds
Clev &
36%
6
32
21
5%
7V
*57%
*57%
11
52
O. C. C. & St.
200
*95
*111
48
.
24%
Apr
.~3% July
-
14% May
1% Jan
Chile
106%
*175
-r
1,600
11 %
*11
51%
53
200
,7
7
36
102'/a
A
11 '/a
17%
33
105'A
47% J
37
112
99
112%
112%
46%
*21%
6%
*32
108%
*95
54
200
*95
105
105%
*175
53%
•175
99
*•
114
11
200
•175
108%
108
47%
10%
52%
52%
33
22%
♦loi
11
*16%
44
7
*32 Ve
47%
37
11
6%
33
36'A
23
36
17%,
7
*32
107%
107
48
47%
22'%
*16%
7
33
*32
107%
17%
♦16%
16%
7
7
23
116% Jan
_50
50
Chlckasha
200
18
7
10% Jan
48 % Jan
—tyI-^0 '
300
800
57%
17%
No
RR Co
5% preferred wi
Chicago Mail Order Go—
Chicago Pneumat Tool
—No
$3 conv preferred
No
Pr pf ($2.50) cum div—-No
Chicago Yellow Cah
-No
700
4
Apr
Apr 18
38% Apr 28
118 Va Mar 17
8
Jan
47 -1
*100
r-rr-nw-T-r-niT. -
——
20
27 y4 Jun
25% Jun 22
24
113% Feb.
129
preferred—
5%
7,000
24%, A
-4
*16% V
*16%
;
9
Chicago & Northwest'n w i—No par
16,300
52
*57% '
A
2%. Apr
12% Apr
67 Va' Jan
101% Feb
33
Chicago Great West RR Co
4,200
27%
/:
East 111
Chic &
15%. Dec
4
No par
-100
—5
5
25
Chesapeake & Ohio Ry
4,000
Jan
6'A Apr
—No par
preferred
Checker Cab Mfg
Chesapeake Corp of Va
2,300
Dec
8"%
2
No par
—1
6%
20%
70%
1% Jan;.
—No par
Products—1
prior preferred—.:
8%
8
20%
'Apr
2 ? Feb
—
Champion Pap & Fib Co
20,200
9'/8
67
52
*55
41
67
25'/a
50
28%
41%
*
110'/a 4
Dec
43%
i 3
4'A Jun
Jan. 22
53
20
Chain Belt Co—
600
1,900
83
20% Mar
22'
Jan
92
Co
Certain-teed
:
8'/a
40%
21%
*21
'
22%
31%
38
28%
40%
21%
160
22'A
31'A
Jan
109% Jun
35% Jan 26
preferred
6%
27 Ve
28%
6
15
No par
No par
No pat
.*
100
—No par
Century Ribbon Mills
Cerro de Pasco Copper
3,400
19,200
,
Jan
197/a May
100
Foundry
4
54
14% Jan
30
Central Violeta; Sugar Co
300
■
22%
20'A
9%
9
28
67%
21%
10% '
16%
20%
9
"
16
34
10'/a
57'A
Deo
12%
27
July 13
10% Jun
85
26
:
No. par7
—1
Central 111 Lt 4%% preferred—100
JCent RR of New Jersey..
100
41,300
32'/a
110'A
:47
5%
1,100
16
•159
Jun
9%
18% May 17
Feb
74
Co
2d preferred
Central
.10
16%:7 .7
33%.
160
15%
25% Jun ; 1
72 %'Jan
Central Agulrre Assoc
2,300
30
49%
8%
41%
-7
•:
7 %
3,900
112% '
I)
Celotex Corp—
440
,
(J
$4.75 1st preferred-
2,100
22%
16%
20%
28%
29%
15%
31%
51
9
9
16%
57
21
28
*15%
v
10%
*158%
.....
111%
*16%
50%
*111%
34'A
10
32% '
*59
*16%
8%
16
7
60
59
*56
V
23
32%
6
112'/a
33%
16%
10%
*16
23
21
.
-34%
9%
*158'
15%
Jan
6
22
Preferred
60
22'/a 4
34%
17
150
20'A
9%
51
*148
Dec
59% Mar 27
'Celauese'Corp of Amer—I
Case
300
22 77:
16%
50 Va
Caterpillar Tractor
2,000
15%
6
34%
*16%
4,800
20'A
34
4 9%
59
61'/a
22%.,;
32%
■?> 8%
149'/a
5%
112%.
preferred
45'%
105%
•
49%
x6l% Jan. 15
Carriers & General Corp
A
45
105%
22%
23
*57
62'/a
45%
5%
.;
164%
20
g-
—;
1,100
■
Dec
Dec
May
1
25
Co
Corp
4%%
3,200
4'; 100
22%
.
400
.
6'/2
107 y8 4
15%
Carrier
37%
*162
149 v*
Steel
Carpenter
600
2,800
Jun
31
A—1
10
100
-3
10
—50
Ry
6%
15%
32
111%
v7
class
Ohio
&
.'4 60 .74
164
45
*16
:■
A
65
Clinch
37%
'
37% T
*105 Ve
15%
•
Carolina
40
■v
4
24%
15%
32
*30
16%
*16
4
35
*62
A
Administration
$3 preferred A
50
35
20%
*20
20%
22
■
;
700
12% 4
53%
126% '44
24%
v
6% ■4 6%
38'A
*160
53 y4
*125'A
35'/a
6%
*6%
38
38
;> *34%
105%
15%
*12%
54'A
126 '2
11 Ve
25
Jun
A
par
7%' Apr
20%
5
No
Mills—
12 Va July
77 Va Dec
>
22'/a
2
78
r
Cannon
400
:
■
68
24
T% Mar 28
__No par
—5
$4.25 preferred
No.par
Canada Southern Ry Co—;
100
Canadian Pacitio Ry
25
190
.
13%Jan
Dry Ginger Ale
Dec
Jan
Sep
1
Copper
Dec
v
Jan
34
Cons
-
129
47'/a? Jan
Jqn 16
;56
Hecla
5%
14
Jan
16%
3
&
•
26
Dec
Jan
8%
25%
17
20
r
49'A Dec
26
30
Jan
Zinc-Lead
22% July
Jan
116
20% Apr
50
Jan
25% Jun
•
27% Jan
90
.
~
52% A 4
52
12%
35%
38%
*6%
'7
'53
26%
64'A
63%
38
3
Jan
*125'A
35%
2
Mar 26
*126
4,
Jan
18% Jan 22
31
54'A
*53 'A
10
22% Jan
par
.
17% Jan
86% May '-9
18'A Jun 26
20.
126 »A
127
2
Canada
*53'A
127'
74% Jan
Campbell W & C Pdy
36%
127
r
3,200
126'A
54%
*53%
25
*52
17
3,200
50 y2
' Jun
2
No
Packing
preferred
5%
50
July
53% Oct
-
14%
10'/a Jan
California
■
mi
■
22% Mar 26
;
Jan
39%
7
26
29% Apr 24
17% Jun 23
125'
Jan '5
,<•
/
44% Aug
-
40%, Jan
32 % May
Jan 22-
:
116
39
Oct
-
12% July
Jan
24
59% Jun
12% Mar 27
47% Jan
Jan
;2T i
20
No. par
10
8%
26
Feb
Byron Jackson Co
3,100
6
55% Apr
.
•
32% 4-4
32%
"July
44% May 29
:
'
21'/a
22
32%
49
53
2
31%.
21%
32%
116
40% Feb
2
Jan
21%
21%
32%
48%
Jan
45
32 '/a
21%
33
53
21*
4
Oct
52
47
23% Jan 25
4
7 % July
45
-
21"% Aug
105% July 26
3% Jan
2
>
;
106% July 26
21'/a
22%
Jan
8
Dec
41%. July
12% Jan
July 26
Calumet
6%
Jan
Mar
Oct
34%
.
26% July; 2
40% Mar 27
4 45% Jan 174
4,400
6%
3%
37 %
117
Jan
Jan
13% Jun
3.7% Mar 274
-
6% 4
"A
28%
.34%
;
Jan
120
27
X50'
15
10% Mar 27
<
Dec
-
55'/♦. Sep
109% May
May 29
44% May ; 8
10% Jun 18
39'/a Jun
-
98
...
•'
9
6%
6%
15%
'5'
24
6%
6%
,*52%
:;*i2%
5% Apr
6%
6%
116
;
Callahan
6 Va
.
i
5
5,200
1%
49 •?:
5
<42% Jan
:.
Oct
July :10
136
3
1%>
lVa
21%
Jan
109
Apr
46%
28
1%
1%
116%
4
'
54%
♦32.
88'/a
59 % July 12
700:
-
55
1%
49 : V
105%'July 10
i
Jan
A 106
Dec
-
52%. Jun
8
36% Apr
.
-
Jan
61% Mar
47
20
.
45
2
17% Mar
22'/» Dec
-
19%. Nov
27
'
4
Jan
14 % Mar
Dec
-
Jun
29% Jun
33% Apr
4
15
12%
24
114
t
Oct
25% Aug
93%. Mar
100
8
No. pat
100
2,000 7
21
Dec
51%
Jan
14
100:
:
*54'/a
4
10
i—
Jun
<
66% Julv
130
:
7% Jan
23% May 29
preferred
Butte Copper & Zinc
Byers Co (A M)
7——7
Participating, preferred?
1,700
3%
16% 7
:-95;
Butler Bros
4 '/a %
100
7
1%
*116
3,0001
-
July
111% Jun
24% July 20
100
preferred-4100
19
49'/a Jan
41
4
preferred
Bush Term Bldg 7%
80
107% 7"
4:4954'
6%
>
Corp—
Terminal"——•
•
25
1%
..
30
,m-
30%
*54%
Bush
1
No. par
Burroughs Adding Mach
44:
83%
16%
Mills
Burlington
Jun
17 % Apr
No par
Watch^—;
3,800
25
30%
54%
30%
Bulova
par
v—1
'•—No par
t
5,600-*
4
9%'
25
25
4—No
Forge Co
2,800 V
15%
A
r
j 600:7
'7X
23%
3%
.
93%;4947;,
A:-
$5 preferred j7
Budd Wheel—.
22'A
59 Vz'
*105
3%
3%
b
,
Buffalo
*63% 7? 64'/a
17%
17%
17%
1% v
-
16
No- par
—5
—100
4—No par
;
No-, par
—
Bullard Co
9%
105%
Co
preferred—4
Budd (B G) Mfg_
700.
*82
1%
22
26
No par
7%
700
4,600
15
I
•17:;.,,.. 74; 16% 7,17 7,7
95
25
*54
55
3%:
16%
97 A'
25
31
4
•
.780;.
;
t
10 "'4
105%
'
16,300 A
't¬
23
15%.
83%.
■A 17%
17%
10
15%
22'A !
63% ..-64 V;-4
108
16%
*95
25%
17%
*105
v
Bucyrus-Erie
2,700
•
'.A
24%-:.
*59
23'A
15% '
-•
7(4
125
24%.
-
22%;?
447 23'A
-
•10 7...
65%
65'A
*105
108
32%
Brown Shoe CQ—
Bruns-Balke-Collender—4
1,4001
'
i
No par
No: pas
Briggs & Stratton—i—-—No par
Bristol-Myers
Co———,4
;—5
3%% preferred—4
———100
Brooklyn Union Gas
:—No par
is'/a.
4;
V60% '7 60 %
23%
23
'10
83%
*82
„
31
3,000;
200;
A 14% !.
•
84'A.
25%
22%
22%
V:74 15
14
.
85 %•
•
25
60% 461%
*54%
170:
A-,:
27
*124%.
4:77415%'^15%
22'A
15%
9%
84%.
25'A
.
60%
,
157
7 .13%
15%
■
15%
*25
23
25
>
.:
24%
Yt.
4:415
"
4,.;
60'/a
*95 '
300
,
1
106
'55
55
24
86
*22%
3%
26
18'/'a Jan 23
.45
Bridgeport Brass Co
{Briggs .Manufacturing—4
3,300
5,100
i
50'/2
106 4:
27--4
57
*124y*.' 125' r; 4
i.
59%
.16%
3,500
4:
12-
*50
-27.%.
4 24%
-
„
22 %
17%
20% Jan
xlOS'/a Mar 26
2.50
.15: A
Brewing: Corp.;of Amerlcai,
41%;; 41% 44
A
50'/a
14% <','14%
15%
26%
*105
5
Branift Airways Inc-—:
*5 i %7 v 52 % v,
12 4:
106'/a
-
59%
v.
100
—lo
-
Bower Roller Bearing Co
400;
.
22
29% July 16
16% Jun 26
16%
13'/a Jan
Boston. & Maine RR .(assented)-190
'
400 '
r
:'AJ 74:4
39%>4 40% C
A7;26%,-
125
*124'/a
84%
15%
,26%
,
■V,7;
'
A? 21%
40% 4?
*50
-
•25-
14%
15.
"
44'/a <
2
3
^
;. 20'A
Feb
Jan
19
—
Corp.
Jan
Jan
23
Feb
;
(The) 4
56'/a
3 7'A Feb
52 % Apr
•
15
125.
22
7 %.;
44 V2
Bordett Co
Borg^Warner
56%
115%
61% May; 1
146
Dec
20%. Dec
;
Jan
2
"
-
•14%
85%
7%
•
4 4%%: preferred
,
5,1004:
15%
82% July 12
2
,.S 49%
Jan
23■
1
A
17
53% Nov
Jan
95
—
33% Jan
Jan
,7
July
Jun
■
48
—No par:
(new)-!—-
Inc.
3,500
4"
12%
-
*55
25
14%
.
*124%
,
!
40 %vC
"
40
57
*55
57%.
24%
25%
fl5
*55
136
Stores
15% Jan
x26% May; 7
21%'Jun
2
22
—No par
class A-
AidV-Co
Bond
Jan'
Apr
127
5
Sc Biass
Class B
30 4
4'. 38 %i
•
Bon
10
700»
:
•4 38
,
Bohn Aluminum
900
.
>,
25%
*118
V *■
11,900,
58'/a
4.4.39%
52% v?
?4 12
27 y*.
26%
27%
27'A
27
"56 %
106
58'/a
25'/a
21 % ' 22%.
w.
42
50%
*49
4
39 ; ."'A
106
51
*105%.
■
136 r.<&
.
*51%
12%
•
4,;
106
38'/*
52'/a
40%
A '
56%
65
(Del)
Jan
10%
May
56% Jun
5
•
22-
.
*51%
.
40'/a
.
*41%
A
42
21%
.
56
;U39%7 40%'
7S;;: fi;.7 % 77- 7 Vz "
4
44%
45'A 4.
46
112
58
-
♦116 A
-
7%
*45%
52%. :
•
40'%
30
v
25%
..
39
7%
7%.
44%'li
-■ 44%
•
11%
*41%
4 38%
~80:
23%
58'/a.
136
*116
40'A
;..W 21%.
•
52%
*51%*
A
:
38%.
A;-,; *7%
7%
7%
*447/a
136
38'A
40
39%
39%
,
*118%
;<
25%
20% < '
22%
-i?., 25%
58
25?
24%
*1T1%
58'/a.
58
25%.
25%.
25 r
25
58 fe
*57%
58
*23
4,300
24%.
7. *105 %
'
>-■: *57%
4
Steel
No par
—.100
lNo par
Black & Decker Mfg Co
No'par
Blaw-Knox Co
,
;—No par
BlisS Sc Laughlln Inc
;
8
Bloomingdale Brothers
——No? par
Blumenthal & Co preferred
100
Boeing Airplane Co_*.
—5
2,100
•
■
*20
'
112
V 22 Va
.
58 7.4
58*
57
*105'%
*111Va
111'/a
111%
24'/a
*110
111%
23%
20%.
i
17'
—4—1.
Poods 47
7% preferred
Blgelow-Sanf Carp Inc.
500
200:
14%
14'/a
24'/a
20%
*23
7
Bethlehem
'
.
27 y2
14%
56
Best
8,500-
A
<
July
2
25
22% July 26
Best &:
300
1.800
54
55%
56%
28%
.>
141%
54
*54'/a
v
77%
54
33
55% Mar
12
Pr pfd $2.50 dlv series '38_lVo par
18%-
108
6
19% Jan
Jan
21% Jun
July 17
47% Jan
Na, par
Loan—..
Indus
105
5
z—
10%
24% July
2
18'/a Jun 28
100
Avlatlon_
Beneficial
1,500
12% May
—____10
Co
preferred—
Bendix
4,700:
23%'
141%
Howell
&
4'A%
v
18%
79%"':
"54'/a
-
Bell
700
-4
*22'/a
4
142%
142%
56
18 '/a
7,100
106
*105
24
*54
;:
■
43'/a
48%
24 '4 24% 44
*54
56
47
19
141
140
A
49
'
v
20%
18%.
18'A
106
23%
•
77%
78%
140
18%
48%
*24
-
56
19%
21%
*105'/a
49%
44 14 Va
*14
14'/a
19
106
49'/a
24%
M
*54
19'A
*105%
49%
24'A
24%
v
106
49%
50%
*13%
7
13
16% Jun
15
12 Va Jan
Belding-THemlnway __—.—No par
Bell Aircraft Corp
—1
200
67 Va
59 Va July
July
Jun
"
-
2
110% Jun ' 6
23% Jan 23
28
Jan 23
Jan
33%
Dec
36% Jun
31% Feb ! 2
34% Jan
23%
.
28
45% Jun
Jan
16
.25%
Apr
'38
Sep
9
109%
Feb
116
Dec
19
14%
Apr
26 Va
Dec
115
,
32% Jun
50% Jun
19
11%
Jan
29 Va
Dec
2
46% Jun
20
12%
Jan
30
Dec
28% Jan
2
46'A Jun
20
13
Jan
27 V*
25% Jan
Dec
V
^4,•/'•
i®V
M
iACfefc^WV*->7^fei*Y ""A& V *
" v*
itSl^1 !W ^ur*i>i\<M v*'
^
1^<'>--fe:.,J,<:A'*V:'rtC
W^V*>\te
Monday, July 30, 1945
COMMERCIAL & FINANCIAL CHRONICLE
THE
RECORD
NEW YORK STOCK
STOCKS
Monday
Bntardsy
July 21
J per
share
8
•101
99
111
*111
113
51%
42%
42
42%
22%
51%
*50%
51%
42%
42%
16%
15%
1JA
1%
105%
106 %
1%
1%
105%
105%
105%
104%
30%
31%
31%
31%
31
31%
33 %
31%
34%
*33
34
34
34 %
33%
34%
28%
28 %
28
28
28%
28 %
28
28%
35%
35%
*35
35%
35%
35 %
34%
35 %
103%
103%
104
104%
104%
4%
4%
4%
4%
1%
105
30%
104
4%
4%
30%
107%
30%
30%
107"%
4%
29%
35%
35%
35
12
35%
23
23%
22
23%
i 22%
23
29
29
29
28%
28%
20
21
19%
20%
22%
22
22
21%
*110%
22%
111%
*28%
39%
21%
110%
29
20
28
35%
35%
35%
22%
22%
.,22%
23%
29
29
29
19%
20
20
*110%
28%
9%
108 %
109 Ve
42%
42%
110%
29
9%
29'/a
*11%
111
29%
9%
*
5
111
»
7
34%
28%
:
28%
9%
9%
10%
109 Ve
108%
*93%
42%
43
42%
42%
*106%
*107%
108
107%
107%
12%
12%
12
12%
12
12 Ve
12%
50%
49%
50
50%
50%
50
50
10%
10%
10%
10%
10%
10%
10%
10%
30%
31%
30%
30%
30%
30%
30
30%
32%
32%
*33
34
33%
34
33%
*18%
19%
19
19 r.v
*18%
19%
18
34
18%
*50%
51
51
51
'
12%
50'A
7:
:
*50%
50%
52%
52%
17%
17%
51
*15
15%
*52%
53
17%
17%
*50%
15
*52%
17%
17%
17
17%
17 %
54%
55
.'S;7:
53
56%
56%
55 %
56%
55%
55%
55
56'A
30%
30%
31
31%
31%
30%
31
103%
103%
*52%
103
60%
61%
60%
61%
*188%
191%
*188%
191%
7
8%
*188%
8%
4
4
31%
31
31% 7.
31
....
190
7.
»8
4
8
27%
28
28
36%
37
36%
36%
35%
*40
40%
40
40 ;
40
40
40
47%: 7;
47
47
22
21%
21%
*47
21%
104
:
44
43%
*98
99
*27
44
97%
*27
18%
19
*145%
150
i;
*33
35
*33n*
35
29%
13%
14%
t-
*130
69
69
68%
128
*120
28%
27%
,
7;
21%
21%
21%
21%
21%
*120
*120
128
35
■
14%
132 %
-7
69%
70%
6%
6%
6%
21%
21%
27%
,
14
77
■
17,000
'
60
132 %
2,100
23,300
4,000
69% •
6% 77
21%
20
par
100
20
par
5
10
1
5
Jan
35%
Dec
25%
Jan
35%
Deo
100
25
100
1
77/109% 109%
10
76
5 % Mar
3% Nov
97 Va
Jan
Dec
Jan
27
104
July 17
70
Feb
93
Feb
95% Jan
9
125
Jun
13
84
Feb
98 %
Dec
14
16%
Apr
23
Dec
Dec
Jan
15
25% Jun
47% Jan
24
51
21
;
39
Jan
Jun
13
39 Va
Jan
49%
47% Jun
27
37%
Jan
43%
108% Apr
21
18% Feb
16
14%
1% Jun
26
%
2
Jun 26
105
15% Mar 26
.
7
U Jan
2
Jan
24
Jun
Feb
108
Oct
Apr
Feb
■18%
Jun
105
1 Ve July
79
Jan
95%
28% Jan
2
31% Jun
26
24%
Jan
29% Nov
Jan
12
39% Jun
16
8%
Feb
26
Dec
89
22
109% July 11
5
21%
Jan
29'A
Dec
20%
Jan
31
Dec
104% Mar
10
95%
Jun
103
Dec
5% Jun
19
3%
Feb
32% Jun
25
21'/«
Feb
25%
109% May 23
102%
Jan
108%
Oct
2
2%
Jan
6%
Jun
14
16%
Jan
30 VA
Nov
2
Jan
2
3% Mar 23
24% Jan
Jun
38
29% Jan
101
2
Xl06% Mar 28
24
6 % Feb
27% July 27
33% Jun
4% Apr
Dec
28
33% May
26% Mar 31
14% Mar
11% July 19
4% July
13 % July
7% Jan
6
Oct
31'A Jan
3
40
Jun
21
24
Jan
32%
Oct
17% Jan
24
26
Jun
28
11%
Jan
20 Va
Dec
25% Jan
2
29% Jun
28
18%
Jan
25%
Dec
12
Aug
14%
Jun
102%
Jan
26% Jun
26% Apr
6
8'A Jan
5
7
104
23
30% Jun
17
32%
5
29%
Jun
22
May
Jan
3
58
2
12% Jun
36 C
29% July 27
77
Feb
10
43%
•Y,:
41 Vs
Jun
49 Va
Dec
25
5%
Jan
9%
Dec
1
26%
Sep
33 Vs
Jan
7
24%
Apr
31%
8
Mar
Mar
29% Jan
2
16
Jan
2
22
Jun
26
12% Aug
47%
Feb
5
53
Jun
25
38 Ve
10%
2
16% Jun
4
16
53% Jun
28
47
July 26
22% Jan
12
15%
13% July
Jan
Jun
26
44%
Jan
52% Mar 27
30
60
35% May 21
30
Jun
105% Jun
July 26
58% Jan
2
XI82% Jan
4
195% Apr
3
Jan
2
9% Jun
25
6
1%
Jan
1
18%
Feb
2
28% Mar
5
20
14
18%
27%
Feb
51% Mar
7
45
Jan
41
Jan
18
22
25 Ve May 29
35% Jan
2
87% Jan
2
.15%
1
97 Va
28
39 7 Aug
■'
49% Aug
22'/a
Jan
26
Jan
Jan
Dec
32
:
Feb
Feb
49% Jun
105
1
Aug
,
25% July
Jan
7
5
-7, 27% Jun
Jan
Jun
46% Mar
20% Jan
Oct
May 28
5
102% May 10
J"*""
61%
Apr
7'A July
Jan
47
52 Va
7 184% July
34% Jun
6
*
.
Apr
2
Jan
Dec
~~
7
7
Jan
5
28% Mar 26
July
57
5
3% Jan
37
52
.
V25'A July
173%
25% Jan
24
Mar
5
May 10
68 %
*"•*
Dec
:" 48
Jan
12% Jan
Dec
19'A July
Feb
49% Jan
102
Jun
13% Mar
May
37
17
Dec
Mar
10
112% Aug
5
14
Dec
Dec
Nov
Oct
105% May
109Jun
8% Jan
46
7%
13
24
24
112
.
Feb
20
4
...
Feb
47% May
2
7 106% July 18
10% Apr
6
:
;
11% Jun
114
July 12
37% Jan
21
Feb
115
24
V.
15
26% Jun
18% Mar 26
18% Jan 20
108% Jan
1
2,100
8% July 12
107
May 31
2
5
Davega Stores Corp
Davison Chemical Corp
—
77
26'A
26
90% Jan
50
1
20
5
*14% 717
16%
•
16%
128
*26%' 26%
26
40% Jun
2
par
par
par 7
2,400
21
*120
27%
40% Jun
Mar 27
84
Crane Co
25
Cream of Wheat Corp (The)
2
Crosiey Corp (The)
No par
Crown Cork <te Seal
No par
$2.25 preferred
No par
Crown Zelierbach Corp
3
7
$5 conv preferred
No par
Crucible Steel of Amer
No par
5% preferred
100
Cuba RR 6% preferred
-100
Cuban-American Sugar—
10
' 7% preferred —
;
100
Cudahy Packing Co
r
30
Cuneo Press Inc
;—3
4%% preferred
100
Cunningham Drug Stores Inc__2.50
7 Curtis Pub Co (The)
—No par
7 $7 preferred
No par
:
Prior preferred—
.——No par
Curtlss-Wrlght
Class A
t per share
Mar 26
4% Jan
v
—17
1
Cushman's Sons Inc 7% pfd
100
Cutler-Hammer Inc
No par
6%
22%
26%
107
35
69
128
*120
;
,:»k*33
" »„13%
130
7 1,100
35 %
*34%
*105%
13%
70
128
27
27%
27
,
6%
6%
6%
6%
6%
70
69%
35'A
130
134
*132
134
133
14%
14%
13%
13%
134
29Ve
30
107%
*32%
36
'
.
18%
150
29%
*34'A
107
*105%
107
18%
*105%
35 %
*34%
35%
34 %
*105%
30%
30 %
30
29%
*
35%
107 7
26%
*145%
150
2,900
850
7 3,300
300
70
5,100
7:
99
26%
19 Vs
*145%
7
300
300
43 %
*97
28%
18%
19
150
30%
*34%
*105%
*33
97
*27
200
2,000
103%
43%
44%
97
28%
18%
150
30 Ve
42%
98%
*27
28%
*145%
19%
19
•145%
44%
98%
44%
7
77,
28
9,300
'
.22%
22
103%
23
1C4
44%
104%
97%
103%
103%
22%
103%
8%
4
47
47
22%
104 %
,
:
,40
40
48
*46
47
47
*36
'
,
31%
28%
36%
*28
,77
103%
22
,--7
30%
„
36
*39
4
28 %
27%
36%
77
7
.
31%
*27%
28
36
*27%
8%
—
4
.
30%
31 %
31
60%
60%
188%
188%
102%
102
8%
7:7 *4
4'A
7;
61
4%
8%
8%
8%
*4
103
61
103
31%
*101% 102%
60%
60%
188% 188%
31
Highest
$ per share
31
f.V
100
Container Corp of America
Continental Baking Co
No
8% preferred
- Continental Can Inc—
$3.75 preferred
No
Continental Diamond Fibre
Continental Insurance
.Continental Motors
Continental Oil of Del
Continental Steel Corp
No
Cooper-Bessemer Corp
No
$3 prior preferred
No
Copperweld Steel Co
Conv pref 5% series
Cornell-Dubilier Electric Corp
Corn Exch Bank Trust Co
Corning Glass Works
3%% preferred
Corn Products Refining
Preferred
Coty Inc
Coty Internat Corp
2,000
5,600
300
k 3,500
400
2,000
1,500
15,800
11,400
600
500
70
800
50
2,000
810
3,300
160
2,000,
50
:
1,300
1,400
53
17%
15%
15
*52%
-
30%
103
1,300
230
28
• ••' 7
10
99,1,..
53%
15
15%
15
19'%
*93%
42% . 42% ^
107% 107%
12%
12%
50%
50 %
10%
10% Q
29%
30
: *33%
33%
*18%
19%
50 %
50 %
14%
14%
105
43
107
3.300
9,000
600
1,300
22
9%
;
900
111%
27%
9%
108%
9%
o 00
111
/
28%
•
42%
107 7'; 107
Y
4%
27%
12
'
28%
110
4%
28%
12
35%
4%
12
23%
8,000
60,300
2,100
13,800
2,000
1,500
600
90
5,300
16,500
200
1,400
2,500
108
28%
28%
11%
23
*107%
107%
11%
28%
12
35 %
;
—
12
5
28%
11%
*22%
—
Lowest
$ per share
per share
1944
Year
Highest
31
2.50
No par
100
No par
No par
No par
Commercial Credit
—10
4%% conv preferred;
100
Commercial Solvents
No par
Commonwealth & Southern—No par
$6 preferred series
No par
Commonwealth Edison Co
23
Conde Nast Pub Inc
No par
Congoleum-Nairn Inc
No par
Consolidated Cigar
No par
$4.75 preferred
No par
Consol Coppermines Corp—
5
Consol Edison of N Y
No par
$5 preferred
;
No par
Consol Film Industries—
I
$2 partlc preferred
No par
Consol Laundries Corp
3
Consolidated Natural Gas
15
Consolidated Vultee Aircraft
1
$1.25 conv pfd
No par
Consol RR of Cuba 6% pfd
100
Consolidation Coal Co
25
Consumers Pow $4.50 pfd—No par
2,100
4,400.
29%
4%
4%
4%
*4%
,
30%
30
107%
.
33
33%
28%
28'A
34% . 34%
*103% 104 %
4%
4%
29%
30Ve
4%
4%
107%
-
104 %
*103
30%
107%
28%
,
106
*107%
31
30%
*107%
1%
.
15%
16%
1%
1%
105% 106 %
30%
30%
16%
1%
16%
400
42
105
42
Columbia Br'd Sys Inc cl A
Class B
.
Columbia Gas & Eleo
0% preferred series A
5% preferred
Columbian Carbon Co
Columbia Pictures
$2.75 preferred
1,000
7 *
Par
2.50
-
54,000
2,900
340
300
51%7/7
*103
105
16%
1%
16 %
16%
16%
104%
*50%
,
43%
42
*103
105
*103
105
*103
105
*103
21%
'
....
7%
99% 100
*108% 111%
21 Ve
22
109%
*108
22%
*50%
51%
42'/a
*50%
,
104
22%
22
22
22
22
99
99
36%
7%
105
98%
99
111
112
*50%
104%
*98
99J/a
110
105%
105
105%
104
104
i
98
7%
'
36%
36
778
7%
7%
7%
7%
•
.
36%
36%
*35
36%
*35%
37
36%
37
37
36%
36%
*35%
36'/a
Lowest
EXCHANGE
Shares
t per share
t per share
share
$ per
share
per
36%
37
7%
:
.
$
Range for Prevlou
Range Since January 1
NEW YORK STOCK
ISalea for
'the Week
Friday
July 27
-
July 26
July 25
July 24
sftars
37
"35%
Thursday
.
July 23
-
f per
tow AND HIGH SALE PRICES
Wednesday
Tuesday
Dec
Dec
105
;•
37% Nov
89%
Dec
Jun
28
69
25% Mar 27
34% Jun
18
20%
Jan
29% Dec
Mar 26
x22% Jun
14
11%
Feb
19 Va
Jun
7
34% Jun
5
16
145% Jan 23
25% Jan
147
2
29% Apr
"
103
10
105
July
2
28
Jan
35% July 17
108% Jan
31
:Y
7
22%
22%
101
Dec
Dec
144
Jan
112
29% Mar
Jan
30%
Jan
Dec
109% Nov
Jan
May 18
38
16% Jun
Mar 26
9
19
>
26
5 Va
IV/e Aug
Aug
-
July
61%
Dec
140
122% Apr
Jun
26
97
Apr
16
71% Jun
22
41
Apr
5% Jan
——
6
59% Jan
22
7% Jun
28
4%
Jun
7% Nov
14%
Jun
19y« Nov
2
Mar
i24.
Jun
28
7.
18% Jan.
T120
140
123% Feb
21
7 25% Apr
8
*12% Jan
12
1
16'A Jan
30% May
6
8
7
21%
Apr
Nov
127
114% May
:7
28% Dec
D
*14%
16%
*14%
15%
17%
17%
17%
*109%
'
111%
*109%
:
17 Ve
111
*109%
*14%
7.7
*109%
111
41%
41
41%
37%
*37
37%
37%
37%
*22%
23%
*22%
23 Va
*22%
*22%
:':s*
46%
47%
47
7
■
11%
12 Ve
11%
'■
7;-
23
73%
73% 7
51
49%
51
36
35%
v
35
45%
47%
10%
12
11
11%
22%
22%
22%
22%
75
*70
75
777
77-7.7 .p-\ 21%
52'A
34%
35
*34%
43%
43 Ve
*35%
35%
43%
43%
21%
—
107%
...
-
52
22
21%
*105%
26%
26%
51%
51
!
107%
*105
27
*26%
7 48
'ir~
43%
22
50%
52%
*105Ve
——
—
.
■
7
26
7"
——
.—
28%
29 Ve
28
29
17%
16
16%
112 V4
600
;
™
'
„
17 7
21
—
,-T-
7
29%
16 %
17
v
*
7;
21
159%
'
■
28%
29%
I?
'
■
.
29
7
27%
28%
4,900
16
16%
900
20
500
21 Ve
*20%
160%
160
159%
*126
127
127
*114
115%
115%
115%
16%
58
7'
59
21%
21%
16%
16%
16%
58%
59
*21%
22'A
173
*172
*192
__
126%
195
195
196
55
55
55%
55%
26%
26%
*114
57%
172
3
160
127
16%
*20%
172%
*26%
;
26%
16%
54%
*26%
9
24%
7
2,300
Eagle-Plcher
3,700
22
22
300
171
1,200
*194
197
170%
*193
197
*54
55
7 1,000
26%
27
27
24%
24
24%
24
„
108%
♦107%
8%
8%
8%
7
50%
49%
49%
15%
16%
,716%
16%
16
16%
16
16%
5,200
6%
6%
5%
1.700
11%
6
11%
11%
11%
5%
10%
6
11%
125%
125%
128
122%
125%
115
115.
116%
116%
115
115
45%
44
44%
44%
44%
44
44%
37%
37%
37
37%
*37%
37%
36%
37
23%
24%
24
24%
24%
24%
23%
20%
20%
20%
21%
21%
21%
21%
*69
105%
25
24
108
*105
72
105%
24%
*127
5%
10%
121%
*112
For
footnotes
*36%
37%
1,200
El
24%
23%
23%
6,500
21%
21
21
1,700
*71
70%
70%
70%
71%
400
104%
*107%
108 %
104%
104 %
150
24%
23%
24%
23%
24%
14,100
103
103
*102
108
107
107
*106
110
106
109
*106%
110
>107
110
107%
Paso
Emerson
V2
$5
160
$5%
30
$6
41%
Oct
Jun
35%
Dec
42
Sep
Jan
23
July 27
6
38% Jan
3
28%
4
46% Jun
28
2
26% May
5
26
38'A Mar
3 3'A
Jan
X27% Feb
38%
60
Jun
Mar
9/
95
Apr
17% Mar 26
29
Jun
6
15'A
Jan
20%
49
Feb
1
43%
Jan
49
47
Mar 20
Jan
2
2
26% Feb
23
Mar 26
95% Jun
18
18
65
122% Jan
4
143
110% Jan
2
114% Jan
9
17
6
33% Jun
Apr*
12
Mar 21
May
19% July 16
—
27% July
72% Nov
Apr
131
Jan
106%
Jan
113
Aug
8'A
A pr
Dec
Jun
123%
Jun
128 Va
Dec
Mar
6
113
Dec
120%
Jan
21
9
117
113% Jan
6
Jan
22
19% Jun
5
63% Jun
170%
27
25% Jun 21
Jan
22
15
July 24
108
July 18i
8% May,* 3
42% Jan ,20
14
Jan
20
'
195
Sep
Jan
52
Dec
24%
Dec
31
r.
July 18
12% Mar
1
54% Jun
8
18% July 10
109
Jan
103
Jan
3
3
132% July
123% July
43% July 17
50% Feb
40
62
Mar 26
104
July 25
Jan
4
100% Jan
5
16
16% May
27% July 16
108
7%, May 11
—
Dec
Jan
41
12% July 19
20% Mar 27
Dec
175
61
9
Radio & Phonograph—
Dec
25%
178
2
9
14 y8 July
41
Jan
Feb
5 % Mar.
22% Jan
Feb
Apr
67/a
157
30
Jun
2
May
7
May
9
3% Jan
Electric Mfg Co
10%
33
200
6
Jan
11%
183% Apr
July 27
49
14% Nov
1
Feb
34% Mar 21
No j
No \
No j
May
20 V*
129
21% Jon
No
No
47
162%
172% May
24
—
21% May
114%
Feb
2
185
Battery-—No
Sep
Feb
Jan
7125% Jan
.
Dec
Nov
137
4
155
.
Dec
4
Jan
25
20% Jan
Inc——
105
25
27
No
Oct
4
22JAJan
18% Jan 26
Natural Gas
preferred
preferred
24% May
Dec
17% July
109
13
Public Service.
preferred
HQ
107%
Jan
29 V4
25
Engineers
107
65
22
preferred
4%
21'A
Feb
39 % Jan. 22
Endicott Johnson Corp
304
205
108
109
475.
Storage
Emerson
110
page
preferred
preferred
Electric
70
104
$6
500
104
24%
$7
1,600
1,300
108
see
43,000
Jan
Jan
preferred
——
Elastic Stop Nut Co—~
Electric Auto-Lite (The).—
Electric Boat
Elec & Mus Ind Am shares
Electric Power & Light——-No
44%
*106
107
122
115
44
*107
*105
11%
Jan
i Jan
4%%
49%
9% Mar
5%
18%
52
38
Eaton Manufacturing Co———
Edison Bros Stores
50%
54.
Oct
Dec
July 11
105
Ekco Products Co—
50%
74
No par
—100
No par
preferred
2,000
50%
6
cum
3,400
9
31
16% Jan
Stainless Steel Corp
27
*107%
Jan
40% Jan
Co__.
25
108%
27
36
*
49
.
9
Of*
23% Jun
19
33% Apr
5
Eastman Kodak Co
20
54
54%
Eastern
25
2
67
Eastern Airlines Ine
129
124%
60
16%
117%
69
114'A
18
16% Jun
Jan
21
No par
57%
*45
105%'
114'A
57% Jun
7% Mar 29
34 >A Jan
Douglas Aircraft
Dow Chemical Co
16%
127%
69
500
2,200
3,200
:
A
56
116
105%
2,900
157%
127
*126
54%
26%
108 %
Class
16%
172
197
5%
16
171%
9%
12
115
173%
9
11%
*114
172%
♦194
9%
6%
115%
7
22
*107
16%
127
55%
24%
15%
127
*126
*20%
108%
*6
157%
22%
24
50
161
161%
*19%
59%
*107
49
159
21 Ve
*21%
25%
9
21
*19%
59
108%
24%
*107
*111 Vt
7'-'
No par
Corp-Seagr's Ltd
preferred
Dixie Cup Co
Distil
800
*16%
77
'
•:
128
111
*111
Apr
37%
No par
No par
$4 preferred series A
No par
Dresser Industries
50c
Dunhill International
1
Duplan Corp
No par
Du P de Nemours (EI) & Co
20
$4.50 preferred
_No par
Duquesne Light 5% 1st pfd
100
111
111%
Jun
36%
Jan
Doehler-Jarvls Corp
112%
111%
113
45%
47% May
17%
Dome Mines Ltd
127%
Oct
22% July
3,000
129 Ve
Ve
41
36%
4,900
129%
Jan
Apr
1,300
'
21%
Jan
23%
85%
5
5
17%
85
23%
82%
21
May
32'A
21
24 Ve
85
48
19
84
21%
23%
84%
Apr
9
Jan
38% Mar 26
23%
21%
23%.
83
.113
600
27
113 Va
■.
26% Feb
20%
21%
23%
84%
*48%
130
—
Dec
8 i
39% Mar 29
24%
*21%
23%
129%
'm-m.
Oct
109%
5
22% July 20
85 Va
21%
130
2,200
16 Ve
15
19% Feb
35% Jan 24
No par
—20
Deisel-Wemmer-Gllbert
10
Delaware & Hudson
;
100
Delaware Lack & Western
50
Detroit Edison
20
Detroit Hillsdale & 8 W RR Co—100
Devoe & Reynolds A
No par
Diamond Match
No par
0%
partlc preferred
25
Diamond T Motor Car Co
2
21%
49
*129 %
50%
107%
Jun
Jun
19% Jun
Co
St
90
48%
130
1,800
Jan
113
33
1
49
48%
129
77
700
21%
13% Nov
6'A
13'/a
109% July 27
100
*48%
*48%
83
--
1,000
35
44
*26
49
48%
23
'
1,930
49%
26%
21%
i'
10
*105%
107%
*26
26
;
21%
51
*105%
5,700
44
22%
50%
107%
19,800
54
51%
51%
V
75
*70
53
52
51%
,7
•
43%
21%
3,300
23
*70
35
45
21%
*43
7.7
^
10O
46%
46
12
(The)
Preferred
Deere
600
Y
——
Dayton Pow & Lt 4%% pfd
Decca Records Inc
4,100
V
22%
48
22%
22%
50%
■■
22%
*
11%
75
*70
7
23
47%
47%
11%
23%
23
•
.7
77
-
400
39%
*38%
39%
37%
23%
-
37 Ve
37%
42
7.
41
41%
37%
38
'
39%
41%
39%
41%
39%
42
38
/
•
111
39
*37
>r-
17
17
39
w*.
...
16%
17%
41%
*'
»•
*14%
17%
.
17
May
29% Jan
25
Mar
5
5
"A
Dec
15%
37 Va
Jan
45% Aug
Apr
15%
8
10
3%
Jan
3% Nov
6%
Sep
Dec
Oct
5% July
81%
Apr
114
78
Apr
103% Dec
Dec
47% July
16
39%
Apr
7
27%
Feb
34% Nov
15
Sep
22%
Jan
68%
18
Dec
6
Dec
71% Jun
23
57%
Feb
26
101 %
Jan
108 V2
Jun
14
8%
Jan
17 Ve
Dec
107
27% Jun
106-
July 16
87
Jan
104
Dec
Jan
5
108
July 24
89
Jan
105
102
Nov
Feb
1
109y
July 12
92%
Jan
107
Dec
104
lHv
Volume
162
LOW AND
Monday
July 21
M
^V
^
lytyl';'
469
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4407
Saturday
'
«•
July 23
HIGH
SALE
Range for Previous
STOCKS
PRICES
July 25
Sales
Friday
Thursday
Wednesday
Tuesday
July 21
1944
Lowest
Lowest
EXCHANGE
v
Year
Range Since January 1
Highest
STOCK
NEW YORK
for
the Week
July 27
July 26
Highest
"'
J per share
I per share
$ per share
2,
2
•
16'/a
80
13%
13%
17%
17%
50
,,
*6
,%
;;
80
16 y4
.;"'■
95
13%
13
13
17 ¥s
17¥a
49%
48
49 ¥4
6%
*6
6 ¥2
53
53 ¥4
28
28%
14
143/4
52 3A
28%
14%;
54%
*53%
28%
14%
14
*20%
21
109
29%
-15
21
*20%
*107%
1073/4
20%
109
34
34
26%
34
48
6
6
Ex-Cell-0
1,100
25%
11%
*104%
24
21%
400
26
11
11
32 3/a
343/4
105
:lC4¥t
105 ¥2
23%
500
Federal-Mogul
11%
3,200
3,100
Federated
33
105
4%%
90
233/4
23 ¥4
2.800
*
%
3/4
%
:'•■' %
3/4
%
3/a
54
53%
53%
54%
54 %
54 ¥4
54 ¥1
54%
54 ¥2
56
563/a
553/4
553/4
55%
55%
54
55
54
54
108%
*106%
106%
108%
:
1
%
*106%
46%
.
:
:
46%
46%
27%
'
►106 ¥2
47 ¥4
47 ¥4
400
28 ¥4
3,400
U
'
273/0
108
108
108
108
108
107%
107 %
44
44
*43
45
*43
45
*43¥a
44%
38%
38%
*38
40
*37
40
*37
39
8%
8'/a
*105%
*63
.
*63
64
8%
83/fl
83/a
64%
8'/a
.
"64%
64 5/a
8
7%
Oct
17%
Dec
Jan
47 ¥•
Dec
2% Jan
6%
Dec
6
Corp
423/4 Jan
17
Jan
19%
19%
19%
19%
63
61
61
62%
62%
62
34%
33%
26'/a
♦26
34
34
34
34%
34
26%
*26
26%
17
17
*16%
17
*135
138
*26
*135
37%
37%
49
118
6
' 7%
- •
*17%
*17%
%
* 68
68
-
/
8'A
8%
25%
137
37 VB
,V;
50
20
37
1,400
7%
7%
*7%
6
6Va
5%
17% 7.17%
17%
66%
25%
;;
8%
4
16
7,200
'
17%
"7
800
.
6
700
V.7:
1,000
*/!
17%
200
!
5%
■50
15
61
,
:
15%
■
*107
9%
9%
*182
185
20
21
9%
9
<■
13%
107%
60 %
*57
107%
51
213/a
20%* : 21%
93/4
20%
7
1,200
.
9%
93/8
2,700
•26%;
28
;;
*27%
132
*131
t :
1313/4
*28%
.
29%
29%
132
131
*167
131
29%
170
400
169%
169%
*167
170
169
169
42%
20,700
f
42%
42
44
>'•
42%
42%
44%
44%
4434
4%
•
-■A' 4%
43/a
43/g
*140
148
•140
148
♦133%
135
*133%
45%
43%
4 J/4
*143%
146
148
*133V2
"
42%
X443A
4%
'45
135
42%
43
423/8
135
45
;
146
133%
148
*143%
'133
133%
14,100
130%
127 %
*60%
r
*127
62
17% i
18
26
26
14
2'/a
%'
2%
31%
*133%
32%
110
15%
99
4%
213/4
24
,
22
107
*27%
28
2734
*98
30
*104%
*108
15%
110 '
15%
15%
98
99
98
24%
24%
24%
24%
99 %<•
'<■?:
99 %
98%
98%
99
99
28%
28%
28%
28%
28%
283/s
24%
54
*4%
*148
25
•
54
*54
4%
*147%
54
54%
4%
149%
•
4%
150
v
27%
27
55 %
54%
*101%
103
*1097/a
*18
103
51%
50 3%
110%
18%
67/a
7%
5%
*23%
24%
*23%
15%
16
46%
44%
*22
22%
16%
48%
29%
171
♦72
55%
24%
*104%
79
-
7%
110
18%
"
51%
,7/
♦107
14% ,.153/a
*98
233/4
*97%
28%
*533/4
:
*1013/4
49
23 %
—
3
—3
No par
——?
—No par
8%
9%
,.9%
5%
5%
5
*23%
24%
49%
30%
172
*72
79
55 %
563/4
;
171%
47%
29%
171
47%
30%
79
*72
*56
57
*72
24%
24
24 %
*104
106%
*102%
37%
34%V 37%
35%
7%
:
-
*7%
7%
7%
*210%
24
7%
212
23%
24
213/4
75
74
75
52%
52%
513/4
52%
*36
37
35%
35%
*25
27
74%
74
74
52%
51%
4V2%
52%'
■;
36%
40
213%
23%
10,800
73%
74
•
513/a
52
;
•
22
16 3/4 Jun
18
108% Jun
1
100
10
tGoebel Brewing Co__
Telegraph Co
ft Stock
Gold
31
56% Jun
Jan
Apr
27
preferred
$5
2
180% Jun
17% Jan 22
-66
Nov
7%
Dec
23%
Dec
58¥a
Dec
16 ¥4
Jan
51
Jan
10%
Feb
41%
Apr
7%
1
•
-■
Dec
54%
-
Jan
143
28 '
6 3A
161
15
12% Jun
22
37
Jun
22
11%
Jan
1143/4 Jan
22
139
Jun
25
81%
Jan
32 % Jun
26
25%
140
Apr
>:;
'
27% Mar 20
172
May 31
44'/a May 29
483A Jun
5
43A Jun
33/a Jan
4% Jan
.¥
124
W
Nov
Dec
:■/ 433/4 July
2% Feb
22
Dec
40 3/8
*
Dec
Dec
29 ¥a July
155
Feb
40
Dec
-7% July
-22%
Feb
35
i
Nov
19%
Jan
26% Jun
Oct
9% July
Feb
22
3¥a Aug
140
Sep
:
Jun
22
115
113
Jan
139
Jun
28
102
Jan
-129
Apr
134
Mar
6
128
Mar
134 ¥3
Nov
62
Jan
Feb
66
July
148
1343/4 Jan
22
v.;
May
22% Jan
70% May
130
3
Mar
613/4 Jun
30% Mar
2
16
9% Mar 27
Jun
Mar
110
7
1% Jan
3
283/a Jan
24
37
Feb
10
7
3
125 3A
Mar
106% Apr
107
Jun
15
,
-
2
1%
Apr
6
19%
U ¥a
Aug
107%
Nov
~
Oct
2 ¥4 July
Apr
112
-
31 ¥a
124
Nov
••---4
19%
Apr
14%
26
Apr
3%
Jan
Dec
Nov
¥4
Oct
25% July
193/4
Nov
110%
Dec
•
74%
Sep
22%
Jan
27
Dec
19
Jan
31%
Dec
19%
Feb"
2~6% "Dec
Mar 12
8
17% Jun
13
29
100% May
Jan
11%
Jan
May 10
May 16
45
5
165% Jan
12
85%
31% Jun
July 27
25
25%
52
Dec
Aug
25
63% Jun
"I
Dec
Dec
-
Apr
23A
43/4 July
33/4 Jan ' 2
Jan
18%
57
147'A July 27
"
/22% Dec
2
32
4
llVa
Jan
69
Apr 29
90 ¥4
*
7%
16
100% Jun
;
23
-
109% May 16
-
9
July 9
25% Jan 1 2
25% Feb
Jan
16
32 3/8 Feb
X97
52% Jan
Apr
6%
18
111
13% Mar 27
Jan
Nov
133/a July
233/4 Jun
34% Jun
2
21
Oct
56 ¥4
106
3
35% May 22
27
Jan
Mar
130 ¥2
116% Jun
•
23
26
90
Jan
Jan
Jan
18%
6
20
July 19
5% Feb 14
Mar 26
253/a Mar 29
28% Jan
Dec
4%
:
-
99
120
36%
6
134
3% Jan
123
3 % July
•Sep
513/4
25
19% July 11
.
106% Feb
102
No par
Jun
Jan
53
Hosiery
Dec
18 y8
Mar 21
6
19
No par
*
18%
13% Feb
7
10% Mar
83/4 Jan i 2
1603/b Jan
;
Dec
Dec
4%
:
26
49
No par
(B F)
July
5 ¥4 July
17¥«
18
1043/4 Apr
16
-50
7
-
Sep
¥02% Oct
26
Jan
40
4 ¥8
Jan
175
Jan
"Feb
98
Jan
May
Dec
54%
"Jun
104 ¥2
Nov
-
20
105% Mar
6
48
July 27
107% May 19
12% Mar 26
x57% Feb
15
36 3/8
Feb
51%
Dec
112% Mar
8
104%
Jan
112 ¥8
Jun
14
8%
Jan
17 ¥4
93/4 July 27
Jun 20
1%
Jan
33/4
Jan
Apr
5% Jan
21% Jun
2
7
Oct
Aug
—_—,—1
M S & P————3
Grand Union Co
—.——No par
183/4 Jan
3
—No par
—10
14% Jan
23
19% Jun
5
9%
Feb
16
36% Jan
22
543/4 Jun
22
32 Va
Jan
42 ¥2
Dec
21% July 25
24% Jan
10
23 ¥2
Jun
25 ¥2
Mar
14% Jan
2
17% Mar
1
;•'' 14 Vs Dec
17 ¥4
Nov
46% Jan
24
553/4 Jun
26
28% Jan
2
323/8 Jun
Motors
Graham-Paige
Granby Consol
5 %
SteelCo
(W T)
—
preferred
Great
20
»
Ore Prop—-No
Iron
Nor
Great Northern Ry 6%
pfd—No par
Western Sugar——No
Great
Preferred
(H
Green
par
par
100
—
& West RR_——.—100
Co Inc—.
—1
L)
(The)———No par
preferred
j:
100
._1
Guantanamo Sugar———No par
4 % %
?■>%
..
12% Jan
10
Grumman Aircraft Corp—
600
64% May
par
Greyhound Corp
■■•'.•
31
/
11
8,500
•
,
-
2
Jan
5,600
■•.■,'
108
,
2
Jan
53
preferred
conv
Green Bay
500
7%
*212
233/4
75
>
70
24%
*7
214
*210%
23%
4,000
79
106 %
24%
T
,10,000
56%
56%;
37
3734
¥
171%
*104
2434
106%
.353/4
52%
30%
171
.
79
56%
48%
29%
483/,
171%
Jan
125
Corp—
Sep
15%
May 16
9% Jun 11
ir
Dec
116
163/a
1
76
par
—
*21%
48 5/a
19
par
20
Corp—No par
4% % preferred
100
General Tire & Rubber Co
5
4%%
cum
pfd
—100
Gillette Safety Razor———No par
$5 conv preferred
No par
Gimbel Brothers
No par
$4.50 preferred
No par
Glldden Co (The)
No par
Telephone
22
30
12
203/s Apr
No
No
Gen Time Instrument
Grant
*171
18 3/4 Jan
9
-
Granite City
30%
6
2
44%
;12% Jan
24% Feb 27
1,100
1,500
20
Dec
■> 36% July
Jan
183/4 Feb
L—No
A
Jan
2%
58
•
A .No par
—No par
Corp—'—
2%
19
6
4
—100
10
27
26% Jun
3,400
1,300
9% Feb
;
Jan
!
-
Apr
7% Jun
2
2
23
\
103
22
46
16%
4
24
*45%
22
123% Jun
17
Jan
General
8% July
Jan
Jan
46
163/s
29%
19
23%
163/a
2
21
153/4
16%
533/4 Jun
*
15%
*21
Jan
-
45%
400
30%
-No par
23%
.
7
General Shoe Corp——
—1
Gen Steel Cast $6 preferred—No par
163/a
153/4
413A May
/ 66% Feb 16
General Printing Ink
45%
23%
Jan
24
iA
Adv
70
163/4 Mar
Gen Precision Equip
15%
15%
Sep
9
5
-
—No par
No par
Corp
preferred
Outdoor
45%
23%
Dec
May
40 / Feb
Gotham
1,400
Dec
17%
37% Jan
Goodyear Tire & Rubb
No pat
$5 convertible preferred—No par
296,000
5
Dec
25 ¥a
156% Jan.
500
93/4
Nov
29
No par
500
19
16
/69
100
Foods
Common
-
110%
11% May
53% Jan
14% Apr
No par
Goodrich Co
19
25
Jan
16
100
preferred
6,500
*109%
/583/4 Mar
7% Jan
—5
——-50 J
-_i
——100
preferred
53%
5,300
26
6% Jan
—1
Goodall-Sanford Inc
49%
Jun
4% Jan
;
-20
—
Jan
113
No par
-1
cl A
(Robert)-
10
103
75
42% Mar 26
100
3,800
'
19
34
1
Co
4'3/a
48
118
10
Co
27 V4
*1013/4
503/4
24
5% May
43% Aug
135
General Motors
300
1,900
Dec
24%
146
147%
7%
%
74%
54%
33 ¥a
13
26
Mar s 9
4%
103
19
300
3,200
■
Dec
Dec
Jun
41
•
147%
149
19
3,200
28%
54%
4%
100
99%
28
541/4
110
v
*97%
28%
7,000
'
99
23%
99
2,200
20
15%
-
53/8
15%
214
273/a
*98
24%
400
110
14%
983%
380
1,900
107
27
109
109
7
*
29
*104%
28
110
49%
23%
107
110
16%
*210%
•
24%
27s/a-
32%
28%
53/8
7%
-
*104%
•;
106
32%
7
■
;
45
103
21%
*104
7%
212
50%
16%
24%
25
106"%.
36%
23
*101%
21%
55%
105 '
29%
53
16%
*72
55%
32 V8
55
22
*171
107%
31%
*29
54
48-%
:
50%
30
1053/4
27,
16%
■
700
27%
29%
:
171
35%
210%
54
213/4
16%
1,500
43/a
24%
,
•
"
27%
53/8
155/a
46
7
24%
22%
*147%
18%
*5%
23%
42 ¥4
Jan
General Refractories-—
•1,500
J
43/4
*213A
4%
110
6%
5%
24%
273/a
50%
109%
18%
313/s
Jan
103/8 Jun
153/4 Jan
$4.50 series A preferred
1,200
2
6% Mar 20
Corp—No par
__1
No par
Gen Public Service—
10c
Gen Railway SignalNo par
6% preferred
100
Gen Realty & Utilities——
10c
3,900
2%
•7 4%
149%
27
~
•133%-, 136
4%'
4%
•
55
50%
136
*147%
27%
54%
13%
31%
30% Feb
6,500
26%
*23/4 '
55%
27%
*101%
2%
2,100
1,100
108
*107
21%
-
33
■>: 110
13%
3132%
4%
18
26%
108
"'21%
108
*32%
107
••>:
"
107%
293/a
is.
:
Jun
34%
13%
preferred
$5
26 ¥4
48% May 16
4
15
$6 conv preferred series
Gen
18% May
Jun
General Mills
iOO
333/8 May 8
Jun 27
19
preferred
5%
Jan
47% Jan
-
Dec
110
10
Gen Gas ft Electric A
21,900
;■
41
No par
cum
1%
60
65%'V;4
16
July 20
Apr
preferred
General
'
61%
23% Jan
107
14
General Electric Co_
300
£
-; ••■:
128
*60%
133/4
■
7.23%
.
'
*127%
(263/8
13
*133%
136
''23%
;
30'4
15%
,f
24
32%
•
32%
273/4
*108
r
*32
*133%
//v 4-
26%
130
.\jf-
65
128
2%
3
107%
*104%
15%
*97%
*;
*107
108
3
22
*29
28
*108
,
32%
112
28
13%
*107
4%
30
*105
26%
133/4
136
22 ;
107
32%
*29
18%
26%
31%
-
*23%
108%
108
18%
2%
4%
23%
22
.
■
17%
/
108
136
23%
22
*107
32
*133%
"/•y 4
61%
26%
3
32
*60%
•
■
;
108
*127%
18-
133/4 ? 14
130
66%
66 %
127%
18
26
>:
-;i4%
•107
61%
18
~
:
65%
65%
127%
*60% >61%
127%
*60%
1313/4
*130
65 34
65%
66%
65%
*127
13134
*130
1313/4
*130
Aug
No par
Co Inc 7% pfd
100
preferred—
1%
40
133%
"
130%
3,000
74%
43/a
•
7.
44%
44
43/4
44
Jan
Amer
'
168%
168%
Jan
20
General Cigar Inc
110
41%
•-
35%
2
Class A
140
&
29%
11
July
General Cable Corp
131
51% Jun
Transportation—
General BakingGen
800
*28%
Jun
2
57 ¥4
27
General Bronze Corp
28
109
4
1,700
9%
27
131
*28
29%
29%
29%
A! 9%
28%
Apr
Jan
3,600
21
*203/4
93/4,
26
29
132
28%
132
9'/a
9%
9% /
*28
1033A
25
;
Investors—
Amer
$8
'
9%
3
10
25
Corp
preferred
Gen
Nov
Feb
110% Mar
Jan
(The)
conv
53¥2
383A
26
16
'
9 %•
Jan
4
1053/4 Apr
42% Jan
5
Wood Industries Inc
5% %
185
*183
45
May 14
1% July 20
15
Gaylord Container Corp
$4.50
51%
May
64
preferred
*-20
Gamewell Co (The)———-Ao par
Gardner-Denver
Co—
No par
107%
503/4
7 51%
9% 7 9% '
*183
185 7 -
60
41% Jun
Gar
1,000
9,000
;
15
*107
185 V '
*183
60%
14
14%
♦107
51%
95/a
'•
■y*57
15%
51%
9%
*182
20%
19%
15
51
9%
185
60%
,
*107
.107%
51
'
y
15%
•107
51%:
*58
61
'
15
•
107%
50%
•■S
*58
v."
2
53 % Mar 26
27% Aug
80% Jun
'
*58
Dec
Jan
213/a Apr
1,200
•
Dec
108
10a/8 Aug
•
13
5,800
'.'t
32
Jan
6%
$3
8%
243/1
Jan
24
Trailer
Inc
Jan
Jan
preferred
Co
Dec
Apr
5
60% July 27
Freeport Sulphur
Gabriel Co
24
17
17
—1
prior preferred
Francisco Sugar Co_
Galr
Nov
22%
93
—10
Corp__
6%
F'k'n Simon &
Aug
27 ¥2
May 7
13% May 9
38% Jun 22
11
Jan
Dec
105
Apr
25
Machinery
4%%
17%
Jan
Jan
19%
18
-10
100
Inc
Fair Stores
Food
Foster-Wheeler
Fruehauf
14%
10O
Dec
7
29% Jun
-No par
preferrtd
conv
20
107 % Apr
par
Corp
Food
68
243/4
Steel
Follansbee
40
7%
,8%
24%
"•••243/4
•
*66%
.
1,000
118%
17%
68
8%;
8%
'
*15
15%
*17%; is -
68
■
49
48%
73/a
,:-15
1,000
134
*117 ¥2
v
80
37
373/4
50
1,900
134
117 ¥2
19
8%
*25%
.'
117 ¥2
15%
15%
*66%
v
25%
•
25%
•
15%
►135 Vs
18
/V *18
19
.
*66%
/.'
8%
8%.
6
*17%
16
*18
15%
v
6'/a
vS
18%
-
*15
.
18%;a8%
25%
6%
.
26
"
118
•
*7% v.
7%
6
.18%
; 15%
/* *66
118
800
33%
16
51
*50
7%
6%
•15%
50
,
100
26
37%
37%
118
49%
50%
7%
:
37%
193/4
61
60%
26%./
15%
139
*135
,80
32
16%
16%
138
*37%
118
*117
*26
2,100
64
*19 ¥4
62 ¥2
32
Florsheim Shoe class A
73/4
64
193/4
19%
20
*61
300
39
->■
Jan
22
par
No
Dec
143/b
2P/4 July 24
r; 3/8 July 24
103
par
Co
47 ¥a
Jan
32
5
preferred
Jan
93/4
383/4 Mar
23
No par
Florence 8tove
$4
44%
21%
109% July 27
Mar 28
22
—No
(The).
Co
400
73/4
633/4
63
Flintkote
33% Jan
7
22% Jun
5
Jan
253/4 Jan ■' 2
93/8 Jan
No
8
27
May
16% Jun
28% Jan
Stores-.
5
333A Mar
104
100
-43%
*37
/
National
First
57
4
123/4 Mar 26
23% Jan
preferred
270
43
:
%
2
25% Jan
»
^.25
4%
7 3/4 May
2
Jan
No par
100
1
preferred
108
107%
..
3/a
*19%
1
Apr
Apr
13 ¥a
9%
21%
-10
Phen
6%
12
Fire lns N Y_
Fidel
84 ¥a Aug
22
Firestone Tire & Rubber-
107 ¥2
28
27%
283/a
27%
48
700
3.200
*106 ¥2
107 ¥2
453/4
48
*46%
46%
273/4
27%
27%
*
108
:
Feb
15% Jun
30,000
%
54
•
78%
573A Apr 28
-
'
7
Jun
21% Jun
3
Dept Stores—-
conv
89
No par
Corp
Enamel
Ferro
Dec
27
2
—2
Federal Motor Truck
32 ¥a
,,
Dec
19
Jan
24
13
No par
Traction
ft
26 ¥2
105
■
Ught
preferred
Federal Min & Smelt Co
11
233/R
23
$6
14
70
11% Jan
No par
ft Co
600
*25 ¥4
26
11%
Fairbanks Morse
Federal
Jan
Jan
15% Jan
.2.50
Exchange Buffet Corp-—
90
9%
46%
42% Jan 24
Pajardo Sug Co of Pr Rico——20
.
Dec
22
84% July 11
3
Farnsworth Televis'n & Rad Corp.l
¥2
13/4
20 % Jun
a
—a
Co
Corp
6,700
34%
35
23%
23%
600
f per share
Apr
20
86
,—50,
2,400
-
20
109
*33%
27
105
105
20
108
34 ¥2
343/8
34%
105
14%
34
11%
11%
34
28%
14
200
,<
54 ¥2
28
.
34%
*26
25%
11%
*53
f
109
107 ¥2
i
%
2% Jan
68% Jan
100
Cleaner-
Vacuum
Products
Evans
700
•
3 per share
share
per
1
May 21
12% Jan 12
par
RR Co
& Pitts
Eureka
1,900
;48
,
20¥a
20 ¥a
1073%
34
35
,
Erie
173/8
*6%
52%
23%
1,000
13 ¥4
*49%
.
$
I per share
\
par
-No
common—
pref series A
5%
95
173/8
6%
RK
Bldg— .No
Office
{Equitable
Erie
-
*6
*28%
105
80
13
49%
*49%
\
14%
•34%
95
13%
28%
10%
793/8
*89 ¥2
79 ¥2
18
52%
*25%
22,500
79 ¥4
*17%
14%
34
4,000
16%
*89 ¥2
13%
17%
28%
20%
1%
15%
80
52%
*107%
1%
16 ¥2
95
*89%
13
50%
6%
1%
153/4
16%
80
80
17%
.
Par
Sharet
J per share
:•" 1%
PA,
1%
16%
*89%
95
share
'
/.'.
2
16%
81
*89%
S per
'
'::
1%
16%
$ per snare
*
B%
preferred——i——
100
No par
Gulf Mobile & Ohio RR_
800
$5
7,300
Gulf
preferred
Oil
No
:
par
23
Corp
6
4% Jan ^ 2
5 ¥4 July
:
15 ¥4 May
25% Jun 27
19 ¥4
49 Vb
Dec
July
25%
Jan
26
24%
Jan
30
Dec
May 25
Jun 22
1433/4
Feb
163
Nov
May
»67
52% Jan 25
63% Apr 24
43 ¥4
Feb
553/4
233A Jan
2
283/4 May 28
19 ¥8
Feb
24 ¥4 July
104% Jan
12
,108% Mar 13
1053/4
Dec
105%
Apr
32 ¥4
Dec
Apr
6 ¥2
Aug
Jan
189 ¥2
175
1613/4 Mar 16
64
Jan
72
20
; 28% Jan 24 I
5% Mar 26
44 V8
July
83/s Jun
57
11
2
3%
26
26
143/a Mar 27
30% Jun 26
58
82
123
216% July 13
167
Jan
Jun
23
"49% Jan
6
Feb
Dec
Dec
Dec
Jan
16 ¥» May
33
Jan
62 ¥2
Dec
42 ¥4
Sep
50%
Dec
6 ¥4
14
Jan
Dec
57% Mar 16
H
33%
iJtrC
-22 ¥4
Dec
-
*35
37'%
*35
37%
*25
27
*25
27
18%
18%
104%
104%
*18%
,104%
18%
104%
-
*18%
*104%
18%
106
*25
25%
27
*18%
*104
37
*35
*18%
18%
21%
108%
21%
*150
*32%
93/4
►110
For footnotes see
*108
21%
108%
21%
32%
9%
HI
page
32%
93/4
93/4
*110
475.
*21%
108 %
22%
*150
*150
33
*108
111
—
33
33
*95/8
10%
*110
111
*108
25%
100
Hall
100
18%
*108
21%
,v
21%
*150
9%
.
Ill
-
-
21%
:
600
900
10%
600
110
2
39,
Jun
22
2
29
Jun
2
22
Mar 19
par
"*on
pfd
10
Hat
Tvpferred
—
Corp of Amer class* A_
6preferred
15% Jan
104 % July 23
(modified)
107
Feb"
18% Jan
Feb
17
' 4
154
10
x30
1^0
2
Apr
7% Jan
100
1
28
107
Jan
9
13
Apr
15 ¥4 Mar
-
% Jan
12
11 ¥4 Apr
106 ;
Apr
110% Jan
12
102
110
.-1100
Hart, Schaffner ft Marx—
.27
8
Co $4.25 pfd—No par
Harbison-Walk Refrac.
No par
R
>
32
*9 3/8
110
Jan
20% Jan
Hanna (M A)
32
32%
9%
conv
No
preferred-.;
4%
33
10
—
Hamilton Watch Co
*
108%
*150
32%
Co-
30
304%:
39
Water
Printing
50
108%.
21%
*110
Hackensack
106
104
►108
100
24
155
July 12
Apr
2
373/4 May 28,
103/4 Feb 16
112
May 16
;
15%
138
16 ¥4 July
111
Jun
109
Dec
Apr
21
July
Jan
152
Dec
5%
Jan
104%
Jan
-
8%
110
July
Jun
July
AND
LOW
Bttnrdii
*
$ per share
share
10%'
11%
11%
9
8%
8 3/4
8%
113
111%
11V*
1VA
8'/a
♦111
25%
1367a
*77V4
1
130
*23
48
*18
18%
88
136
*77%
Hershey Chocolate
$4 conv preferred
80
400
30 %
100
Hlnde & Dauch Paper Co
24%
300
Hires Co
24%
243/4
24
24
*473/4
483/4
*47
48
*47
48
700
18%
*18
18%
*18
18 %
300
18
1
Holland
The
(C E)
(Del)
Furnace
Hollander & Sons
•
(A)
26%
263/4
26%
2,300
Holly Sugar Corp
51%
51%
51%
513/4
52%
50
51%
50%
50%
3,500
Homestake Mining
46%
*45% ■
46%
46%
46%
45%
45%
45
45
20%
20%
203/s
20%
20%
21
20%
21
20%
20%
25%
25%
25 %
26%
26%
26%
25%
25%
107%
107%
*25%
25%
255/s
2534
25%
26
26%
26%
"107
108%
107
107
*107
82
82%
821/4
*82
83%
*82
85
83
14%
14%
143/8
14%
15
15%
14
14%
14 Va
37%
*3fii4
36%
36%
35%
363/8
35%
36
5%
5%
5%
5%
5%
6%
16%
17%
16%
165/8
*36
37
■
18
;
7
18%
29
29%
283/4
29
28%
29
273/4
28%
25%
26%
25%
26
26%
27
4%
43/4
43/8
Howe Sound Co
Hudson
v
5%
12,300
Feb
15
25%
53/8
4%
35
35%
35%
35%
34%
35
1,100
33%
34%
31%
337a
32
33
14,600
66
64 74
6472
,Apr
89
Jun
128
Jan
134
Mar
63
114
Jan
73
July
Feb
15
132
Jun
26
Dec
25
32
Jun
28
193/4
Apr
Feb
125
Jan
2374 Jan
2
29% Feb
28
20 74
Jan
41% Jan
23
4974 May
48
2
23% May
i9 74
Dec
60% Jun 26
39
42
47% July
May
Jun
Apr
ltirtTi
83
2
22
Jun
45
183/s Aug
133/4 Jan
7
3
aoiy
28
l(»a*"} May 2l
*"
Jan
23
2572 July 27
12% Jan
Jan
13 7i
4
66% Jan
Sep
Nov
19
2
Dec
4774
2174
26
Jan
237a
Jan
133/8
Jun
257a Aug
3674 Mar
8
2074 Feb
15
>•
;
29
177» May 21
17V8 Jan
;
8074 July 16
9
70 7a July
Feb
63
July 27
20
1374 July
Feb
774
1872 Apr
37%
July
433A Feb
21
30%
Feb
16
772 Jun
25
l3/8
Jan
2 3/8
Jun
Jan 19
2374 Jun
26
6
Jan
1172
Dec
Jan
2
327a Feb
28
1474 Jan
-6
-1
Hudson Motor Car
26%
4s/8
Feb
7'75
25
16% Jan
33A Jan
2
;•
Jan
2
.* 10*.
100
27
No par
Hupp Motor Car, Corp
25%
57a
72
Nov
273/a
34% Jan 20
preferred.:
Ltd
non-cum
17,200
27
July 20
Feb
753/4
170
Apr
—No par
Manhattan
ft
Hud Bay Min & Sra
'3,800
4%
4%
45/a
7
800
v
273/4
138
100
3,800
18
273/4
94
15
Houston Oil of Texas v t c
1,200
:"
8
Feb
44% Jan
preferred
6,200
,,
Jan
227a July
Jan
Mar
207a
Sep
Dec
112
123
Co.—No par
,25
—8
100
33A%
633/4
.160
Dec
87a
:
Sep
<
28
82
42
Houston Light & Power
2074
24
.Jun 22
—No par
Finance
Jan
Mar
31% Apr
No par
12.50
No par
;
•
300
5%
*17
-7
17
17
■V'
83
5%
6%
53/4
Household
80
14%
.
Class B
1,400
108%
108%
82
*106
2,400
,
—
Houdaille-Hershey cl A:
400
Jun
186
4
22
No par
26%
51%
*45%
274
25
807a Jun 25
93/4
Apr
99
2672 Jun
2
Jan
8
130
No par
No par
10
1
10
1-8
30%
-
717a Apr
21
.Feb
118
,
10
223A Jan
170
No par
—No par
Nov 15——100
67*
,
28
1174 Jun
4
207s Jan
67a
147a Jun
Mar 13 '
$ per share
I per share
t per share
Mar 26
6
pfd-5%. after
'•>
*233/4
18%
preferred
Hercules Powder^
800
132
131
31 %
*30%
33
/
136
*77 %
80
132
■
W)
non-cum
Hercules Motors
(
9% Jan
108
-25
15
25
100
..
;—
(G
Helrae
'. 1,200
87 %
87
*134
*130
100
1%
25%
25%
26
*134%
80
130
*31%
24%
*18
253/4
"v
Co—.
Hecht, Co.
1,000
189
*185%
—
Glass
Hazel-Atlas
90
r
•
753/4
*74
753/4
189
*87
135%
129
48
48
88
*771/4
30%
*23
24%
*47
26%
135%
80
*30%
32%
*31
25
88
129
*127
25
24%
Corp
Mfg
Hayes
Highest
Lowest
i
Highest
• per share
-.1
9
Hayes Industries Inc
4,000
25,600
1123/4
24%
Lowest
>Par
r
1123/4
*185%
26
136%
136
80%
*78
*128
9%
113
*74
753/4
189
1851/4
"
88%
*87%
88%
1367a
*24%
26
26
26
*87%
...;
11%
8%
7
9
*112
25
*74
*
189
*185%
112
112
75%
75%
75%
189
8%
9
11 Va
ll3/4
11%
11%
Range Since January 1
,
EXCHANGE
Shares
I per share
•
112%
243/4
24%
24% <
24 V*
*74
*185%
July 26
STOCK
NEW YORK
for
the Week
July 27
$ per share
S per share
per share
Sales
Prlday
Thursday
July 25
July 24
July 23
July 21
f per
Range for Previous
Year 1944
STOCKS
HIGH SALE PRICES
Wednesday
Tuesday
Monday
.
Monday, July 30, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
'
874
572 May
7
Feb
1%
May 19
34
287a July
167a Aug
223/a Mar
Jan
6
Aug
©ii® 1 i!ifii
-
35
X35
343/4
36
32%
33%
*63
66
*89
91
33
*31
66
*31%
453/4
66
89
89
*88
106%
90%
'
7
*31
453A
32
32
24%
24%
24%
2474
2474
453/4
45%
46
457a
4574
45%
104%
*104
106%
*104
115
*110
115
*113%
115
*110
115
172
♦170
172
*171
172
*171
172
93
90
92%
12%
913%
7 91%
12%
12%
106
*8%
42%
106
*106
6%
7
5%
21
203/4
20%
20%
85%
*85%
25 3/4
25%
95%
96%
96%
*15%
90%
977a
153A
157a
15%
91%
89 74
89 7a
4l
*114
112
114
*135 S
145
*135
145
*135
25 V*
"24%
■•7
25
223/4
23%-
23
38
38
241/4
*37
38
/
77
*135 : 7 145
*135
145
7:
24
25
24%
23%
24
24%
24%
247,
377,
37%
37%
77
2374
-4,37
,
3
.700
6% Mar 28
■
'
-
.
11% Jun 21
19
1957a May 19
90% May
2 3/4 Jan
23
•
Apr
827a
Dec
Jan
18074
Dec
753A Jan
2
2
Jan
183/4
Jun
47i
8
Jan
25%
1
36 74 May
,
Jan
65
8672 July 20
57a Jan
3% Aug
Jan
157a
1
24
Nov
188
673%
1%
2
28 72 Jan
Feb
Dec
8:,/4 July
10% July
1657a
■
Jan
JNo par
100
403/4 July
1057a
#
Jan
154%
7
27
7% Feb
Nov
Jan
6%
.»•■
July 19
247. May
7
■17
Apr
•
678
6
Apr
123/4 July
8% Oct
Jan
sl04
6
8% Mar 26
5
Apr
;80
Dec
6% Jun
"3274 July
Jan
136
130
Oct
Feb
23
1407» May 22
1972 Jan
26
3074 May 29
137a
Feb
21%
Dec
843/4 Jan
26
99% July 16
193/4 Jun 21
66
Feb
94
Dec
12.9
'
7%
Feb
127a
68%
Jan
92
Jun
397a
Jan
47
Aug
357a
Jan
Jun
'
98
Mar 27
*
417# July
20
4774 May 5
4274 May 31
97a Mar 26
79
'
3
2
Jun
43
Sep
93
Dec
;
39
Feb
92
* Jan
2
1347a Jun
1
100
No
No
—No
No
$6 preferred—
-
•87a Feb
187
Sep
Aug
77a
11
74 72 Mar 21
Nov
165
X87
297a
Apr
17372 Jan
1113/4
Feb
9 % May
100
Intertype Corp.!
Island Creek Coal
;
109
Dec
Jan
7174
974 May 25
50% Apr 27
6
4
Chem
Dept Stores—
37
6
.23
preferred—i
Teleg
Foreign share-ctfs
Interstate
*148 3A
*148%;;
"■7
14% Mar
1067a
Mar
158
::
Oct
423/4 July
Jun
887s
9
8
17872 Jan
7%
600
15
Dec
2074
Apr
...100
Jun
94
25
conv
700
Jun
153/4
35 7» July
May
174
i
i-100
Intern'l Telep &
1,700
-
8% Jan
373/4 Jan
104 74 Jan
1
No par
:
2474
122
,
11% Mar 26
Paper Co
IS
preferred—
—100
Inter Rys of Cent Am
No par
5% preferred
:
100
International Salt
i
-No par
International Shoe———No par
International Silver
—;
50
5%
-7
58,500
2474
*23 7a
•
300
24%
23
257a
26
23%
24
23
*1483/4
*148%
*l483/4
119
7
25%
*37
-
400
42
*112
42
*24%
?:
200
4474
f 42
119
*4iy4
*24
24%
*4%
*40 7a
44 74
*111
77
*25%
25
:
243/4
•
145
v
25
800
260
7
41
41 7
25%
/
114
114
41%
*41%
43
43
43
*40%
41%
96%
2
International
;
1,000
957a
15%
89%
123
243/4
953A
15%
2
Preferred
•
90%
/ 109 7e Mar 16
26
Int Nickel of Canada
90
18.900
247/s
104% July 24
...
-
1,100
•
par
49% May 17
Jan
International Mining Corp
11.300
153A
41
25
247a
253/8
678
323/a
131
27
2
Feb
1—
&
Jan
26 7a Jun
38
:
22
No par
—No par
preferred
26
Dec
' 2
82
Hydro-Elec Sys class A
4%'
Jun
'22
183A Jan
100
International Min
•
;
Dec
8
Jun
1
19 72 Jan
'
300
'
90
96
89
25%
678
313/s
131
2.200
-
15%
*95%
15%
90
24%
87
67a
24%
25%
20
131
130
25%
25%
197a
Int
5,500
-
'77%
.
"39 72 Jan
par
par
166
preferred
Preferred
270
;•
574
*8574
32%
31%
.
132
185%
89
96%
15%
43
32%
323/8
.132
132
•
43A
87
777-67:7
6%
*6%
6
323/a
32%
*130
H
185
3,400
Jan
91
/Int Business Machines———No par
International Harvester—No par
200
-
82
20%
20%
85%
11,500
97'a
192
48
24
20
Interlake Iron
*
817a'
25
7274 Jan
42 7» Jun
;
.
-
—No pat
Intercont'l Rubber.
600
774
574
5
5%
5%
20% >
25 %
*40
18474
86
6
32 %
133
184%
20%
6%
6
32%
133
83%
185% 185%
*19074
1907a
82%
86
v
86 3%
*86
190'/a
62'A
53/8
5%
•
Dec
56
76
104% Jan
Interchemical Corp
472%
Nov
23 7a
Jan
30
par
_
Co—_
Steel
327a
Jan
24
4772 Jan
100
—4
Inspiration Cons Copper
Insuranshar?s Ctfs Inc
80
106
93/4
10
9%
10%
1S2
82
185 %
135
186
5%
10
192
82%
82%
83%
7186
10
*188
192
82%
192
9%
10%
9%
*187
*63A
678
6%
A
GOO
42
105%
preferred
300
974
*83A
*417a
106
106
6%
6%
63/,
3,000
974
No
.No
No
—No
:
preferred
Inland
•
900
127a
42
41%
106 %
*106
106%
90 V2
127a
Rayon
Ingersoll-Rand—
6%
12%
*8 3/4
9%
*41%
$4.50
200
907a
,
Indianapolis Power & Lt
172
*171
ctfs series A
RR See
Feb
107a
2574
3
197/a Jan
100
1000
4%_
lines
24
26
Apr 28
29 VB Jan
100
Co—
preferred series A
Industrial
100
.y:
1127a
112%
;
2.300
91
12%
12%
8%
42%
':•/
9
42
>:
12%
8%
*41%
9
42
*6%
92%
12 3/8
92%
>
50
900
,
1067a
*104
106%
115
*170
6%
Leased
320
327a
31%
24%
33 7
24%
104%
A!;-/
Illinois Central RR
37% May
20
100
Idaho Power Co
.
7
600
90
*87
31%
I
45
46 3/4
*104%
66
24%
24%
24%
v
66,
91 7.
65
90
'7
33'A
32%
137% Ap.
19
13972 Jun
5
par
par
par
183/4 Jan
2
313A May
-18% Jan
2
317a May
7
253/4 May 18
263A Apr 24
15
15
Jan
413A Jan
29
Jan
45
July
Jan
144
Dec
.
17% Jan
24
36% Mar 27
145
1
,
2
19 72 Jan
■
par
1
150
12
Jan
563/4. Jan
Feb
135
117a
Jan
20
Dec
1174
Jan
20 7»
Aug
Apr
20 Va July
117
9
;
13874
May 16
Oct
207a
Dec
I
77/7f
38
38
>
38 7
*37
111
118
*110%
111%
*110%
111%
*1103/8
118
*1103/8
113%
113%
113 7
116"%
3%
3%
33/4
5%
7
33/8
38%
,7
112
112%
38%
111%
343/a
33%
105
105"
47a
106
24
347a
*94
105
105
'
*118
124
*118
124
22%
237a
53
53
■;•/
2474
2474
25
•247a
h
22%
*503/4
23
*19
317a
263/4
■r,
.
227a
6,500
50 3/4
800
♦19
207a
*
3174
293/4
>
27
363/4
3774
363/4
*26'/a
297a
*4674
12 7
47
277a
36*78
367a
37
i
47
*4674
12
*11%
U7a
8374
8374
*81
*29
2974
2974
*107 7a
108
47
11%
29
29
461/4
4674
46
46V4
600
117a
*8172
83
!
2974
297a
*107 7a
108
VV;
12
827/a
297a
108
1272
117a
117a
1,000
277a
27%
*27 7a
277a
*2774
*974
107a
*974
1074
*974
1074
*37 Va
3874
37
37
43%
437a
37%
37%
*42%
43
43
437a
>
817a
277a
*80
817a
827a
20
3/4
1,600
29
287a
28
108
28 3/4
*107
*107 7a
108
26 3/4
27
27%
> 27
800
1074
*974
1074
36%
36%
353/4
36%
1,400
43%
437a
42%
42 3/4
700
57a
5%
16,100
*974
1
*
.•
}
'■
5%
W'M
5%
5V2
5%
5%
5%,
5%
5%
323/4
:
3374
32%
323/4
33%
3474
34%
34%
*52 3/8
54%
*53
543/4
53
5574
*52
53
54
v*52%
52%
■
1t
5274
52%
147*
133/4
14
13%
14
3274
*
527/a
13%
I
'mm*.
32%
313/4
32
32
13%
13%
13 %
—-
1374
13%
*52
52
1,600
Kennecott Copper_._
•
-
5,800
3274
32
31%
31%
1,800
14
12 %
133/4
113/4
13
8,600
6,200
27/a
2%
3
27a
23/4
45
4"
44 74
42 3A
44
2,100
39 %
4074
39%
393/4
40
40 3/s
393/4
40%
40
407a
2,800
*22 7a
23 7s
22%
227a
227a
227a
*22
.
'
19%
8
——
,
19-%
1974
197a
19
197,
187a
19
2,900
56
56 3/4
55%
56
55%
56
1,600
8%
8%
8 3/4
8%
*53
53%
*53
53%
*53
*93
95
*92%
95
*92
*9374
94 74
190
93
189
190
*3372
517t
44
*33
357a
5174
44%
213/4
*217a
300
22%
563/4
'
3,i
23/4
19 V2
57%
^
•1 —
22 V2
'
*5674
19%
567a
■
2272
2%
50%
45
*
*21%
83/4
53%
72
95
93
93%
93
100
Life Savers Corp
700
Liggett & Myers
9174
93
92
92
192
189
189
"187
190
35
35
*33
36
*33
36
51%
517a
210
100
507a
51
507a
507a
1,500
Preferred
-
Lily Tulip Cup Corp
Lima Locomotive Wks
Link
Belt Co
44%
447a
457a
44 74
447a
1,500
217a
"21%
21%
213/8
21%
300
Lion Oil
900
Liquid Carbonic Corp
Lockheed Aircraft Corp
3174
317a
317a
31
31
30
30
257a
257a
253/4
25
7s
26%
25%
2674
11,700
9,300
25%
26
26
25%
26
25%
25%
25%
26
54 3/4
54%
*54
547a
5474
5474
54%
5474
547a
54 7a
600
18
18
*17%
13
18
18
17%
18
17%
17 7a
1,800
it
Series B
'21 Va
3174
475.
-
Tobaccq
44%
:
25
page
Corp (new)—No par
Ford Glass—No par
Libby McNeill & Libby
7
Lerner Stores
Lihbey Owens
12,000
31
see
(The)
Prod Corp
Corp
Lehn & Fink
8%
25%
For footnotes
Lthigh Valley Coal—^
6% conv preferred
91
*189
45
50
—No par
50
1
8
Lehigh Valley RR
537a
31
—
Navigation Co.—-10
Lehigh Portland Cement
25
8%
25
25%
5
Lehigh Coal &
903A
507a
213/4.
Bryant—a.
53%
1,300
„
"
-No par
No par
No par
—100
No par
No par
Co
(The)
83/4
3572
189
Lambert Co
93
-
Loews
Lone
Refining Co
Inc
Htar
Dec
*90
39
Jun
20
July
K
9
Dec
95
May
,58
66 Va
30 7* May
Jan
>28
Dec
Jan
207a
.
26
-80
Dec
Jan
93
Dec
20%
Dec
*10% Jan
9
Sep
111
28% Mar
•
124
18
59% Jun
22
Jun
26
40
-
"
Jun
Apr
Dec
,
124
14%
•
Jan
193/4
Jan
393/8 Mar
137* Feb
7
2074 Dec
17
Jan
720
-
X26
Aug
Jan
243/4
jun
193/a
Jun
3/4' jun
373/8
29
1974 Jan
>24
;31% Mar
:42
3
Feb
90
Jun 28
3474 Jan
3
.547a
Jan
5
1087a
28
32
22
Oct
Dec
Dec
Dec
34%
Dec
1085/a
Dec
277a
Nov
Jun
26
11
Feb
13
42 3/4 Jun
4
273/4
7.
31% Jan
6% Jan
.
9%
78 Va
Dec
Dec
Feb
29
447a May
Dec
137s Jan
11
24
29
July 13
48% Jun
5
112. -Mar
,
21% Aug
Feb
t
67a
Apr
1574 Jun
;
•
18
.
387a Jun 28
283/4 Feb 27
1874 Jan 2
3574 Jan 24
-16%
117
1
Mar 26
29% Jun
Jan
*
Dec
1074
Oct
39
Dec
37% Nov
L
Laclede Gas Lt
5374
8%
343/4
Sep
1073/a
-
Lehman
Nov
May
17
25
23% Jan 22
22% Jan 23
•
927a
*53
105
Nov
30
,
Apr
1167a jun
;
Lee Rubber & Tire
13%
1127a
,
22% Mar 10
Kimberly-Clark Corp
33% Jan 8
Kinney (G R) Co
-1 • V 8% Jan 15
$5 prior preferred
-No par v
72 72 May 14
Koppers Co Inc
10
28 72 July 27
43/4 % preferred
100 107% July 17
Kresge (S S) Co
.10
26
Mar 26
Kresge Dept Stores
__1
83/4 Apr 7
Kress (3 H) & Co
No par
35% July 27
rKroger Grocery & Bak—No par
37
Jan 24
Keystone Steel ft Wire Co^;
400
13%
.
1
—1
53
4474
i
...t;
V-.;.«
B
Class
Lane
4474
23/4
-I
Kelsey Hayes Wh*l conv d A
900
44
3
.
ft Co———i-3 /
(Julius)
Kayser
•
53
43 7a
23/4
—
18
Jun
? 97
10 : 20
'Jan 3
.-No par > 117
Jan «3
Kansas City Southern——No par y
13
Jan 22
;/.■
4% non-cum preferred
100 7. 34
Jan 22
Kaufmann Dept Stores.
1 •:
18%'Jan 26
52
133/4
Feb
1847a
1127a Apr
L t>f ser B
*52
;
43 72
'
'J'
■
3474
137a
313A
—
■
34
'
38% Aug
Apr
1073/4 Jan
102,
Kalamazoo Stove, ft Furn_
Kan City P ft
M..
'
40
%
t
8,200
1,400
'27
57s July 25
;
900
2374
28%
25
T
200
'
23
>: 28 3/4
Jan
.
400
30
27
2374
•'
'*46
*107 7a
*28%
-
*26 Va
36
■
\
30
293/4
*23
3774
,
207a
,*19
207a
101
——
-
t
22
373/4
29
400
2474
124
50
377a
29
700
1,900
-
227a
2374
>
233A
51
2374
.
V'
105
213/4
23%
'
100
-
50
233/a
29
*118
11,000
35
95 7a
2374
237a
*28%
360
52
237a
'
♦237a
243/4
124
*118
3iv4
27'
*19
20%
*3074
*26%
26%
'26%
*22 3/4
24%
233A
237a
•
'
297a
303/4
2374
124
527a
22%
*503/4
303/4
:
*19
243/9
*118
>•.
*120
105
111
.
Jun
1147a May 31
128
Jun 21
Jan 23
2
Rights
:
7
37a July 23
Johnson & Johnson
12%/,
31
Jan 25
4% 2nd preferred ser A—r—100 >/ 10974 May 31
Joliet & Chicago RR stamped—100
? ' ©0
Jan 10
Jones St Laughlin -Steel
—No par
27 7b Jah 24
5% pref series A
100
79
Mar 27
7
5% pref series B conv
-100 ■ • 917? Jan 2
Joy Mfg. Co
—— -—1 7
193/» Jan 19
100
,No par
preferred-.
47<%
1
3574
957a
34
42
34% Jan 22
——No par
Jewel Tea Co Inc
Johns Manville Corp
•*
38%
*94
24
400
112 y3
94%
106
214,500
38
353A
24
37a
*111
94%
106
3%
3874
34%
24
•;/,
3,000
1127a
♦120
*120
*105
v
24
233/4
500
/■
114
38%
95%
*94
387a
111%
1127a
:•
34%
33%
,
95
*93
1137a
115
3%
111%
*120
*120
*1103A
•
38%
112%
*38
38
38
112 Va
111%
115
•7'7 3%
*37
387a
37
38
38
.
Cement Corp
Long Bell Lumber
A—
8
23
25
100
No par
No par
No par
No par
No par
—1
—No par
No par
No pat
.
-
4% Apr
3172Jan
30
Jan
47
Jan
12
Jan
297a Jan
6% Jan
5
3
24
22
4
24
30
27a Mar 26
35% Jan 22
36% Jan 22
207a Jan 3
1774Jan 22
5172Jan 24
73/4 Jan 2
47 y2 Mar 28
78 Jan 2
78
Jan 3
181
Jan
5
32
Mar 28
47% Jan 25
41% Jan 22
197a Jan 22
29 74 Jan 2
19 72 Jan 31
2572Julyl7
50
Jan 23
1572 Jan
6
774 Feb
2
35% Jan
19
26
Apr
X317a
Dec
56
15
1774
Jan
3174
Dec
557a Jun
26
38
Apr
4974
Dec
1674 Jun
26
8
Jan
12%
Oct
Feb
20
21
Apr
317a
Dec
17 72 Jun
18
4V4
Jan
8 Va
Dec
Dec
37
Jun
174
Jan
2'/a
8
153/s
Feb
3974
47
Jun
1*6
297a
Jan
383/8
Dec
24
Jun
26
1874
Jan
21%
Jun
21
Jun
5
17 72
Dec
193/4
Dec
65
May
5
42
Jan
53% Aug
Apr
87a July
497a Dec
33/4 Jun
5074 Jun
8
9 72 Apr
55 72 Jun
6%
17
8
July 13
July 13
195 % Apr 25
39
94 74
Jan
6874
94 7a
,
Jan
67 Va
1747a
Jan
Jan
83 74
867a
182
Dec
Jun
Jun
Nov
26a/8
Feb
327a
Dec
597a Mar
1
36
Apr
52
Dec
Mar
7
37
Jan
44
Dec
2474 Feb
7
173/4
Nov
2274 May
34% Feb
13
193/4
Jan
30 V*
Dec
30
28
147a
Jun
237a
Nov
39
51
Jun
Jun
15
2874 May 17
9.
403/4
Feb
53
Dec
217a Jun 21
872
Jan
16%
Dec
6074 May
>■
y«i"
Volume 162
•
»'"
>-
:
"jrWA '.
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4407
471
NEW YORK STOCK RECORD
LOW
July 23
per share
45
45 ' ■■
*45
46
24
24
24'%
24
*
177 '%
V
25%
..*25%
25%
45%
*44%
451/2
*443/2
45
24%
23%
24'A
233/4
24
*177%
57%
;
253/8
,
Lorillard
'3,600
573/2
56%
56%
58
v:
33
32
32
*150.> 154
*150
Louisville
5,600
154
58
;
•
403^2 Feb 20
25
18% Jan
166
50
Nashville
&
Jan
July
183
4
2
28
Apr
v
Dec
/203% July
165
Jan
20%
1
44
Deo
24%
Jan
Oct
21
Jun
60
I per share
: Jan
173%
151
5
27'% Mar
Highest
I per share
share
50'A May 2
Mr y 18
Mar 27
52
per
25
2
23% Jan
100
Louisville Gas «Sc El A—,_JVo t»ar
800
t
I per share
__10
preferred
7%
•
/25%
J.
Co
(P)
Lowest
Lowest
Biscuit—.*
Loose-Wiles
100
,
>
Year 1944
Ranye SI lilt tanuary 1
Highest
STOCK
EXCHANGE
Par
1793%
*176
179%
25% ' 553/4
25%
.
56%
:
*177
180
25%
> >
Share»
$ per share
i per share
per share
the Week
NEW YORK
Sales for
July 27
V: /
24
"
25%
57%
57 '%
July 2(1
*45
V
*177'%, 180
180.
57 '%
S
Range for Prevteu
STOCKS
Friday
Thursday
Wednesday
July 25
$ per share
\j $
$ per share
HIGH
AND
Tuesday
July 24
Monday
Saturday
July 21
SALE PRICES
M
*33'
,,
34 V.
r
*150
154
7
V
35%
35%
110
*109
•17%
52%
18 %
18%
460;
?425
.
*15%
16%
*15%
4%
83/4
*15 S/8
8
17%
24%"
8%
*109 y4
26
26% i26%
18%
18%
18%
18%
42%
41%
41%
195
35
105%
*193 '
195
*193
5,800
109'A
109'%
200
253A
26'/4
4,300
Martin
26%
*43
183/4
17J/2
18'%
4,100
42
2,000
Masonite
29%
29
29
29
29
24% /
v 195 v.V
24%
36
35%
*105%
*193
45%
.
*110
112,
*110
.
112
:
>
195
v
;
353/e
10%
*44'A
i*- 2,200
35'/4
106'%
10%
;
*110
45%
::
37%
37%
33
21%
21%
;
30
*103
113:
1
*111
14%
22
64%
40
23
15
//
15
•'
*102
105%
*103%
38
21%
21%
64
65%
66
39
64
38
21%
*36%
39
40
40
108
108
27
27%
27%
..
39 V
40%
67
16%
17%
3%
*3%
67
17%
17%
17%:
45%
44
44
45
*44
'
*108%
111%
*107%
109%
109%
*109
*109%
110%
*109%
110%
*109%
v
1,000
•
Melville Shoe
Mengel Co
'
5%
780
300
'1,800
50
„
oonv
Corp
9%
9%
9%
9%
;
1,800
500
f
16%
2,600
-
3%
•114
117'
109%
110%
-9%
93/4
117
25%
25%
11%
10%
'
*114
117
*114
=
26 V
25%
i
10%
25%
11%
11 %
33%
35%
33%
34%
34%
36
40%
40%
*40'%
41%
*40%
28'%
28%
*28%
28%
28%
86%
86%
86%
86%
114-
*112%
112%
112
113%
107%
107%
60 '%
i
*106%
30%
*112%
61
114
V-113%
♦106%
107 y2
■:
■
61%
61 %
/-
113
8%
106%
46%
*45%
40%
39%
39%
40
40
600
3,600
T
v
./
39%
39%
39%
26
26'%
26%
26%
*26%
25%
26
26
26
35%
35%
35 Va
.13%
320
:
10,000
*103
*103
104
28
27
27
94
*92
94
112
111
111
*110
16
16
•92
-
♦111
*57
15%
16%
16
is
V
*92
*57
59
*57
59
'
26
1374. 4
■V
263/4
*92
*92
94
111
111
111 %
153/4
58
*57
.
94
111%
16%/
16%
18
14
Feb
22
Dec
Jan
2
61'% Mar
6
47
Mar
Apr
333/4 Jun
26
~80
3,800
6
Apr
Feb
13%
103
Jan
2
3
10
A
8
Jan
13
Jan
100
Jan
94
31 y8
Apr
38'%
Nov
Jan
16'A
Dec
19
Dec
39
Aug
38
Dec
107
Dec
107
Dec
6
Apr
31 % Apr
24
2
35
Jan
24
137 A Jan
3
23%
Mar
27%
6
July
110
111'% Apr 24
May 22
105
5
23
6'%
Jan
19
933%
Jan
2
31 »/4 Mar
8
173A
Feb
53% Jan 22
163/4 Jun
18
2'A
Jan
49% Jun
18
46'% Apr
30
Feb
8
2
8
116
Jun
28
July 26
119
Apr
2
106 3A July 26
113
Jun
No par
113
"Mar
39
Dec
Dec
Jan
18%
Jan
39'% Jun
19%
Sep
25
Apr
29
•
Oct
88%
Oct
117
Jan
114
119%
Sep
113
Aug
Nov
11
107 y3
Jan
41%
Apr
53% Nov
9
35%
Jan
42
Oct
44% Jun 21
211/4
Jan
35%
Dec
Jan
47
26
23
32 3% Jan
A
6'%
65% July 10
47% Jan, 12
41
Jun
23'% July
1113% May
5
No par
deposit
97'% May
8ya
93/4 Oct
111
74 3%
22
36 v Jan A3
79'% Jan.
Dec
Dec
11% Jun
111'A Jan
Dec
112
Sep
22'A Jan
%
46
114
107
119'%'Jun
33
«
Dec
Nov
4
2
<
113
73/a Mar 26
16'% Jan
Oct
2%
Mar
109'A Jan
25'A Jan
Jun
441/4 Jun
July 16
21
32
May 17
283% May 17
15'%
23'% Mar 27
163%
Jan
25'%
Dec
31% Jan
6
40
5
26'%
333%
Dec
6
16'% Jun 27
4y8
Apr
Jan
No par
5
1
213/4 Jan
—1
9'% Jan
20
,
May
97% Mar 27
;
j
Aug
108'% May
Mar 13
4
583% May
19 »/4 Dec
0ct
1% Oct
36'% Apr
7
1133% Jan
4
May
39
1443%
v,
;.
2
473/4 May
42'A Mar 26
Apr
12i%
74'% July 11
18
5
Jan
8'% July
281% July
Jan
46
22'% Jun
19
;
Sep
116'%
453/4 May 17
160
53 / Mar 24
15 'A Jan
10
Co
55i%
Jan
1
Jan
109
Jan
Mar
29
26
Oct
27
Jun
.
Sep
37
9'% Mar
111
Dec
25
72
July 10
453% May 9
2
23
106'% May 16
A
19% July
70
443/4 Mar
3
7'% Jan
Oct
Dec
82
243% July 10
54% Jan
,
16i% Aug
May 21
X41% Apr
33 '/a Mar
Dec
111
Sep
16
16
14 »/4 Mar 10
A
:
103'% July 27
3
35
Nov
1043%
10
105'% Apr
12
Jan
28 3%
97
12% Mar.27 i
37
21% May
112% May 23
26% Jun 22
Jan
Apr
553% July
9
19'% Jun
94
A
-
18
Mar
108
98% Jan
——No par
—-——No par
Murphy Co (G C)
—
No par
43A% preferred
100
Murray COrp of America—!
10
Myers (F E) & Bro
No par
58
*57
243/4 Jun
preferred
$7
A
.
2
3
Munsingwear Inc
200
>
16%
Oct
193/4 Jan
17 »/8 Jan
Mullins Mfg Co class B
50
'
323%
No par
Corp
Jun
112 y2
■;
$4. preferred series C
—No par
Montgomery Ward & Co
No par
Morrell (John) & Co
-No par
Morris & Essex.
-50
Certificates of
21
Feb
24
Co
Dee
Apr
100
—20
Too]
Motor
27%:/
*26%
94
59%
103
102
1033A
263/4
Mach
July
293% Oct
Jan
109%
114
Mills—
$4.50 preferred ser A
Preferred series B
T2,100
16
243% May 18
109% May 21
series A—
Motor Products Corp
35%
133A
19% Jan
44
110%
27
—10
Brass
25
11»% July
32'% Mar
106 Mt Mar
July 25
39
29
Dec
Nov
4'% Mar
27
Mar 15
.
24%
176'%
23
13'A May 29
49'% Apr
112
Mar
28
—No par
Monsanto Chemical
900
351/4
1073/4 Jun
3
100
100
100
1
Corp
Wheel
170
27
—No par,
preferred
Mueller
16
May 17
May 5
13% Mar 27
preferred series D
1,400
V;
38
No par
1,500
.
14%
111
r
25%
105
Jun
Apr
100
Moline Power Impl
Monarch
273% Feb
12
Sep
29
25'% May
193/4 May
Jun
No par
Minn
Mission
4
24
—10
-preferred series C
:4 '/4 %
.
910
26 3/4
25%
?v
35%
*103
27%
103'
.■
1,820
;
13%
-
103%
*27
103
26 3%
-
39i%
39%
35
14%
*27
27
46
391/8
39
268A
35%
13%
40%
39%
*
26%
13%
14
*45%
46
40
253/4
27
26%
.35%
35%
13%
39
51'% May
1041% May 21
5
Minn-Honeywell Regulator
4% conv pfd series B
190
1
59%
39%
-
12
Apr
39
50
vtc
B
Class
110
s
v
V
107
60 3/4
*45%
39%
Jan
52
Minneapolis & St Louis Ry—No par,
Minn St P & SS M A vtc—No par
7 % preferred
Mohawk Carpet
500
•
113
113
•
40 %
39%
4%
37%
115
v.
—5
1st preferred—
25,500
-
861%
*106 S
iog3/4
46
*45%
46%
20
473% May
5
32'% Feb 13
25
-No par /
Mo-Kan-Texas RR
"
*45
Dec
243A Jun
Mar 26
1
Products
Steel
cum
20,700
1
29
113
113
>1.500
343a y
85
*1123%
114
"60%
"
253%
109% Jan
Miami
$6.50
40%
*28'A
''
86 :
.
.
33 " :
♦39%
.,
28%
*112%
113 Ye
107%
61%
'
113%
116%'
*113%
28%
¥.# 85%
Jan
1
Co
4%
4,500
•
251/8 '
^ii3a";,
11
-
29
87%
16 y4
193A Jan
Metropolitan Edison 3.90% pfd—100:
116
*114
40 %
'
10
93/a
25
•
35%
32
T 40
91/8
12
11
V
*109'%
253%
k-z 25 y4
41
87
1,600
;
109%
1103A
117
*114
12 .y;
26
28
25
(The)—
1st preferred—
Machine
Mesta
1,000
44% / 44%
*109
-
Dec
30 % Jun
100
-10
Merch At .Min Trans. Co
130
M
€9
3i%
*107% 109%
9%
May
20
13'/a Jan
—
Midland
443/4
109%
21
Apr
30'A Jan
—No par
1,100
*109%
110%
9%
..*109
Jan
13%
5
111'A May 10
5
Co—:
3,500
109%
109%
12'%
8
1
27%
44 »/4
109%
*109
6
Jun
27'A Jan
18
Copper
Mid-Continent Petroleum
*107%
..
111%
*108%
18% Jan
26
110y2 Jan 29
■ji*
\
• y.!
No par
'
:fe 45 *
Jun
1043A July 24
preferred
3,900
V
163A
33/4
40
158
*65%
66%
33/4
8 3/4
34% July-17
series A
No par
$5.50 pfd ser B w w—;—No par
$6
Oct
Jan
23'% Jan 26
1
McQuay-Norris -Mfg.
Deo
6'%
18
176'% Jan
•
—•
1 i
100
Mead Corp
Dec
243%
20
4
-——.—
16
8% Feb
16
27% Jan
.No par
38'% '
;
26 3A
38'/4
16%
•
'
73/4
158
157
66
"
>•
3%:
*3%
27
2,300
108
7%
•
preferred
10'%
Feb
9
15
Co
Apr
183/4 Feb
9% Mar 26
No par
Stores
McLellan
40
38'A
108
39%
38%
157
67
3%
;
26%
157
17
16%
3%
"•
40
157
68
*66
67
•39
156%
40%
73/4
27%
27
39
155
;
•
108%
73/4
*108
77/e
"2i%
v
20%< 21% /.
65 "
65
s i
38
38
'J''
40'%
40'% ; i;
39
40%
108
*7%
*373/4
65
64
*36%
40%
40%
108
7%'
203/8 :
800
>
15
103'%
38
V. "38 -V
6%
10'%
3
13
Aug
8% Jan
preferred
$4
Jun
4
403A Jan
Co__
Oct
Dec
391
Jan
par
I
Jan
110'% Jun
40
par
100
Mclntyre Porcupine Mine3
McKesson & Robbins Inc
5%
10574
106
38
1,000
/
24
*104
103
103
July
Dec
19
22%
2'%
par
McGraw-Hill Pub Co.-.
113
14%
is':/:
McCall Corp
100
*23
223/4
22%
23
15
1,100
5,400
173/4
*111.
113
*111'
105%
7%
155.
113
1,000
29%
»
171/4
17%/
17%
16 3%
315
6
13
10% Jun
No
600
v
56%
291/4
*102
105%" '
*104
7%
39%
17%
July
29'% Jun
.No
preferred$6 1st cum preferred
$3
McGraw Elec
105%
55%
30% ?
30
*102
105%
41'
27%
*111
14%
20%
108
155
30%
*17%
23
*36%
32'A
21
.
-
57 '%
563/4
56%
105 7/a
*104
,
37%
108
.
30%
104
67
37%
*56
*102
113
*37%
38
21%
;
'
103 ;
105%
*37%
213/4
104
/
321/4
21
32%
17%
14%
.
32%
213/4
Jun
"
-No par
preferred—
$3.75
McCrory Stores Corp
5% conv preferred w w
'
112
*110'%
21%
143/4
108'%
21% Jan'22 "
A
-_5
800
22'%
*22
22%
1,500
39
*38'%
*
112
32
30%
*22%
15
105
♦103
■'
32
107
17%
23 ;
22%
105
v
*1103/4
21%
56 Va
56
30%
*m
22
22%
112
21%
20%
■
56%
is
*110%
-
32%
*32
•
105%
18
30
105%
112
JNo
Maytag Co
100
-
32%
*56
,•♦00
23
*110%
112
39
38%
38
38
22%
22%
*110%
2
18'A Jan 22
1
Co
preferred!i
May Department Stores
520
2,000
,
'
38%
38
Jan
2
15'% Apr
par
7%
112
*110
*110./:: 112
112
14
S'A July 12
-
109'% Jun
par
No
•
■'
44
••;S44".
45%
*44
No
Alkali Wks
Mathieson
600
V.
105'/4
106
io3/8 •11% '•
11%
27
17
*
1-1
Corp
Elec
Master
900
24
24
-
'
36
106
Feb
20
.100
Co--—
Corp
Martin-Parry
41%
11 ~
45%
-
(Glenn L)
38 % May
Jun
3
Jan
3% Jan
-No par
.100
4preferred J.——
423/4 /
*193
104
450
Jan
7 3/8 Mar
■
X263% Aug
1
22'% Jan
7
7% May1
Dec
Mar
Mar 28
Jun
Dec
Nov
48
19
14
1.5
prior pfd
Apr 3t
36% May 29
3
24
par
—5
Marshall .Field & €o__
173/4
.>■'
—1
1
Corp—
6%
16'% Feb
30
148
110
'
"
105
10%
10%
St Ry
173/a
253/8
"
*43-
Market
330
Midland
17'A
109 5/«
24%
*35%
35%
104%. 104%
v
lie
10%
Marine
27,500
41%
195
-
Maiacaibo Oil Exploration
2,100
v
24 3/e
253/4
.
—
Manhattan Shirt
175/e
v
19%
24%
24%
*24%
•
:
35%
35%
105
8 '/8
425
Mandel Bros.
100
42
*29
29
29
29
24 v':>
t
4%
8
-50
No
200
24%
1095/a
:
26%
41%
24
45A
Sugar
•
28 %
17%
V
.
109%
■!i 18%
42
*28%
2
;22
106% Jan 24
17
RR Co
Co
."
16%
8%
Manati
1,700
9
16>A
per
.100
-No par
-10
Copper
Mahoning Coal
*27'/s
•43/4
Magma
1,400
24%
17 %
26%;
26%
47% Jan
59
Jan
Apr
253/4
135
May 29
155
31% Jan
par
Np
lire
pfd series A
Madison Square Garden
600
"
'
'.*193
8
24%
.24%
109%
4 3/a
8%
*17
17
24%
*109%
109%
•109'%
5
4%
8'/a
-
17;
24 % i
27%
■27%
*27%.
4 lA%
460
8%
9%
16
275/e
-
183%
,18'/a
No
Mack Trucks
Macy. (R Hi Co Inc_
100
17'%
*420
460
'9%
5
8%
8
16%
24 >%
*420
460
16%
*4%
5
16
147
Feb
34'% Jan
333% May 31
3
233/4 Jan
■
.100
2,100
109 3A
17 3/a
,
18%
18%
19%
-
9%
28
10
Forbes.
preferred
2,400
35%
35
*1075/b
18%
*15%
*27%
28%
*27%
*17%
9%
*9
9%-
I ' 9%
.
S«.
1093/4
16%
■
.
*107%
17%
*18'%
*420
6%
52%
52%
52%
35% ? 35%
35%
109
17%
460
'52
52%;
35%
18%
.
*425
&
MacAndrews
200
-
'
109
18%
*18
33
•
154;-■/
52 -
52%
*109
18%
18%
*150
;34% ■-..35%:'
109%:
:
!
34
*33
,
*150
527/e:
52 %
:■
34
154
*33
106
Jun
16
72
Jan
8
31
Jun
21
20
Aug
70
Nov
10'%
May
110
24% Jun
Jan
X82 'A Feb
22
100'A May 28
15
Jan
4
5
193/4 Jun
20
8%
5
•Jan
Jan,
53
58'% Jun
30
43%
Oct
-Oct
24'% July
-
84
Jan
Jan
115
109»A Jun 21
13
,100
1163%
Nov
Peb
143% Aug
53% Oct
N
17%
17%
17%
18%
17%
46
45
45
18%
45
45
24%
25
24%
25%
24%
25
24
24
23%
24
24%
24%
13%
25
13
25%
1873%
21%
21%
15
15
15
12%
12%
12%
12i%
12%
25%
1873/4
25
24%
'
21%
V. *21 %
21%
21%
15%
15%
14
14%
7%
:
35
35%
35%
15%
15
15 y8
35
36 %
15;.
15%
35
3 4 3/8
343/4
14%
15
143%
Nat
200
;
5,900
.
*141%
14%
14%
143A
293/4
303/4
30%
303/4
29'%
30 34
7,000
22
22
22
22
22
21%
21%.;
700
12%
100
39%
39%
39%
12%
*11%
39
39%
38 3/s
39'%;
*41
41%
411/4
41%.f
153A
15%
153/4
*11%
40%
42
43
10%
15%
16%
16
24%
24%
25%
183%
183%
183%
159
159
16%
16%
25
*16%
35
V
24%
183%
161
*158
26
35
16
104
*103
104
*103
*41
43
*41
24%
".
15%
42%
16
15%
V
104%
103%
104%:
24%
24%
25%:
243A
183%
183%
*158
*16%
V
10%
10%
74
*73
:V
10%
24%
15%:
*27
r
10%
10%
*16%.
16%
24%
24'%
243%
V
;
35%
34i%
34%
••
A
10%
TV 10'%
73%
72 3A
;
73
73
:
24%
15%
24%
24%
24%
73%
153%
27%
27%"
16%;.
101
15 3A
27%
101 '
101
101 %
roi%
101%
101
101 %
102%
102%
102%
102%
*1013/4
18%
18%
18%
18%
18%
*11%
11%
11%
11%
11%
11%
11%
16%
16%
16
16
16
40
40
40
*106
109
*106
15%*
40%
106
*75
105-
108%
33%
23
18%
*110%
see
40%
80
*107
footnotes
,
106
*104%
For
15%
33%
23%
18%
111.
page 475.
40%
*107
40%
80
*75
*104%
-
102%
18%
101%
'101%
10 0'%
100%
*100
520
;
101
'
185/e
'
'
V." 11%
16%
-
18 '/e
V 18%
11 '%
18%
15%
80
1,600
,
*
*75
80
80
*104%
105
*104%
105
108%
*107
108%
108%
40 %
109
80
*39
/
*106
".75%
403/4
757%
16'% May 18
xlO
Sep
4
16
27
xlli/4
Feb
233% Aug
143/a Dec
x323/4 May 18
.
.
500
10
'
200
;
t
-10
V
10
————
preferred1 A
preferred B
.100
—
155
National Oil Products Co
;.—4,
r-
National Power & Lt———No par
National Steel Corp
I
- .-25
National Sugar Ref Co——No par
(The)
Neisner Bros Inc
conv
(J J)—
preferred series A
New Jersey
Jan
16
Dec
22'A July
Jun
21
173%
Apr
23
373/4 Jun
28
28'%
Apr
34
53%
Feb
57%
Feb
Jan
July 26
6
11 %
Feb
27% Jun
19% Jun
1
333% Mar 16
Pr & Lt Co 4%
113% Nov
105
Jun
11
No par
100
66
Ff b.
108'% Mar 12
81'% Jun
7
Jan
1043/a July 17
jam-!, ,r i«
4
-10
237/4
22'A
24
3,000
18%
18%
*noy4 112
3« 1/4
*noy4
18 3%
3,"00
Newport News Ship & Dry Dock
112
No
32% July 26
—1
22%
pi eferred
98'% DiC
17
25
36% Jan 22
1
par
183/e Jan
109
May 29
Jan
9
110
Jan
26
j0R7/o Am*
393/4 Feb 28
28
Jun
23
9
11'% July
Mar
13%
Jan
183% July
Jan
22
*
32'%
Dec
105'%
I
f
96 Vu
Jan
56
Jan
68
H)V
106'%
Dec
110
Jan
104
Dec
106
27%
Apr
35
Dec
161/4
Apr
22
July
18%
26
13
Jan
110% July 18
97
Jan
10 Vb Jun
Dec
Jan
Jan
973% Jan
pfd .100
July
51%
79'%
6
4
17a%
30'% Mar
83'%
14
x43
Dec
Feb
Jun
Jan 22
Jun
July
95
105
6
Jun
70
243% Nov
92'% Jan 15
103
73%
18
18
24
conv
141
5
24
23%
$5
Dec
7
Feb
12'% Feb
23
100
159
May
18'% Apr
23
183/4
Dec
163
223/8 Mar
Newmont Mining Corp
Newport Industries
112
181
3
33
18 y2
Feb
3
33
*110%
15
100
Jun
Jan
164
153/4 Mftr 26
serial preferred
Dec
25'%
19
5
773/4 July 11
24'% July 18
30,
Dec
14% July
All% Jun 22
Apr
26 3/4
—I
37
104 3%
7
10% Jan
—
Newberry Co
87'% Jan
May
29'% May
10% Jan
33
18%
Jun 20
jLlO
32%
110%
Feb
No par
331/4
18
Jan
9
No pat
;
33%
110%
Feb
26
.100
preferred—.:
National, Tea Co
33%
1,400
108
30 3/4
1
7
26
.100.
.preferred
prior
43A%
37% May
Jun
Dec
Mar
29
._40
-
12
19 'A May
•
Jan*;
7'A Jan
65
243% Dec
Jan
18
.-10
Pa-,.
$2 conv preferred
.
253%
Jan
113A
44
Jan'
33
Jan
131/4
443/4 Jun
Jan
21
19'%
28
192
Feb J;8
16»/8
8'A
12% Mar 14
5
177'% Jan
.100;
—
Service Corp.——1;
Nat Mall & St'l Cast Co.
No" par
Linen
33%
,
113/4 May
Jun
26% Feb
2
5%
105
108'A
Jan
Jan
Natomas Co
*104%
9
No
Stamping—t—No
Nehl Corp
*107
34
24
1,100
105
Apr
-10
1,500
108%
26
—,
National Lead Co
157% "
109
28
5
11%
:
Dec
x363/4 Jun
Jan
6%
Apr
6
——No
preferred
conv
17'%
31% Apr
2
prior
Dec
Jan
28
22
5'%%
Dec
21
173/4 Jan
213A Jan
National Supply
181
Feb
2
102
1,400
1,200
"
Mar
18
23
ft
4,200
V
■
109
*105
15'%
27'%
Dec
165
133% Jan
22
2
900
243%
24
26
20'% Jan
24'% Jan
6 %
203% May
9
Apr
No par
Products
'7%
Jan
-10
par
National
May
9%
243/4 Jun
Jan
500
24'%
27
192
Jan
36,100
107% '
15 >%
263/4
26
5
Jan
13
-
-.
233/4 Mar 26
182
35% Jan
1,300
73
24'A
15%
16
27%
243/8
243/a
243/4
15%
*27
15%
;
28
73%
10
*72%
133% July
13% July
15% Dec
37
"
10%
Jan
10'% Nov
par;
10
16%
35%
9
25
par
200
24%
25y«
35%
161
1
*35
25
7
223% Jun 27
24
National Gypsum Co———. —1
r, $4.50 conv preferred—No par
170
183'%
*158
Jun
13% Jan
Corp—-No par I
Nat Enam &
7,400
*34%
16%
'•.*24%
35%
16%
24%"
*1823A
16
153/4 jun
9'% Mar 26
11'% Mar 21
Nat Distillers Products.
•
30
161
& Share
Bond
6%
5,200
1833/4
183%
*158 '
161
Dec
.100
1,100
,
;
103%
193/a
._10
preferred
8,800
,
.
243/4 •
*10234
243/4
*103
Dec
National Dept Stores——No par
"
39%
!
18
Nat Dairy
15
29%
12%
28
National Cylinder G is Co
15
29%
*11%
Jun
13
*21%
12
29
—1
15
12
Dec
16'/4 Mar 27
12% Mar
21%
12
201/4
.—I
29%
*11%
Dec
Jan
Nat Cash Register
15
143%
413%
13%
National Container—™
21%
143/4
Jan
26
2,300
14%
29%
S
V
17% July
28
Jun
.1
National Can Corp
3,700
1,700
15
Apr
21
27
—5
preferred.:
conv
Aviation Corp__
National Biscuit Co
8,400
21'%
14%
35
6%
National
2,400
:
11%
54,: Jun
2
...10
Inc_^
Nat Automotive Fibres
5,900
1873A
*186
22 3% May
20% Jan
—1
Co
Acme
National Airlines
.3,300
:
173/4
173/4
is y8
24%
*186
National
2,400
23% /
12%"
223/4
243A
17%
173/4
25
*186
15
34%
173/4
18
25%
3,500
:
12%
13%
187%
24%
24'A
24%
12%
:
13%
13
25
*21%
21%
15
13%
13%
*186
187%
*21%
:
17%
::
25'A
•186
13%
13%
13%
24%
23
15'% Jan 20
35% Jan 23
—1
—5
Corp
St. Louis- 100,
Nashville Chatt &
100
4574
*44:
"
13%l 13%
18
"
18%
v
*45
46
*45
Nash-Kelvlnator
'27,100
18%
173/8
18
17%
109
<
Dec
Dec
Dec
a;
THE COMMERCIAL &
Monday, July 30, 1945
FINANCIAL CHRONICLE
Range for Previous.
STOCKS
tOW
Saturday
C
9 per shari
share
par
-1 per
V
46
26%
46
46
25 %
26%
257/s
61%
62
60%
126 %
128
.
y
snare
45%
>
*45.%
61%
61%
61% i";
127
.127
33%
33
33
33
25%
25%
25
25-' '
*53 %
•f
56
*194%
;-'
197
;
104%
18%
18%
*52
54
*190
104%
104
104%
104
121
120
18%
42
244
245
243
122
*120
244
120%
25%
120%
122
24%
*55%
25%
.25%
25%
25%
25
25%
55%
*55%
55%
*55%
55%
*55%
55%
*55 %
*56%
58%
58 %
*56%
58%
58 %
11%
11%
58%
*56%
12
11%
*108%
110
*108%
"
12
"103%
28%
29%
111
39%
"110%
39
38 %
40
38%
39
*50%
51
50%
50%
*50%
10%
10%
10%
10%
51%
52%
*13%
13%
io %
55
*52%
13%
13%
26%
51
51
50%
50%
10%
10%
10%
10%
*52
55
13%
13%
Mar 26
57
162
Mar 26
200
July 9
July 11
pfd-..100
104
.
*13%
13%
300
Airlines
I
5
37% Jan
44% Feb
20
219
Jan
2
120
Jun
13
124
Jan
8
24%
Jan
29%
23
11%
Jan
18% July
30 %
Jan
44%
Dec
Jan
198%
Jun
14%
Jan
23%
Dec
21
33%
Jan
21
193%
Jan
218
Dec
2
116%
Jun
122%
Dec
19%
Dec
129
Jun
Mar
2
26% Jun
58% Feb
15%
Jan
Jan
56
Oct
Jun
54%
Dec
Jun
11%
7%
2
1
9% Jan
20
105% Jan
9
110% Jun
26
100
Jan
31
35% Jun
26
xl3%
Jan
17% Jan
.100
July
110'
Apr
Dec
Jan
115%
Apr
28
17%
Jan
31%
Dec
Jan
11
37%
Feb
50 Va
6% Jan
52
11
2
50
2.50
12% Jan
pfd
100
—No par
No par
107% Jan
24% Jan
24
convertible preferred—100
Omnibus Corp (The)
6
8% conv preferred A
100
106% Jan
3
Pharmacal Co
Dec
106
47% Jun
116% Mar
6
26% Mar 27
par
-50
No
Preferred
Oct
22 %
pfd.No par
No par
Telegraph
Sep
47%
.-50
—
Dec
52
23
58% July 27
14% July
Dec
118
51%
28
6
16
19% Jan
*
„50
Dec
Dec
62
16
53% Jan
.
„50
23%
35%
Jan
Jan
53% Jan
__10
—.
46
Norwich
Apr
Aug
15%
Jun
-100
Norwalk Tire & Rubber
.
50 Va
19%
v
105% July 23
24% Mar 14
July 26
18% July 18
„50
30
55
*52
41
par
148
/
v
I per share
'
pfd—.-100
non-cum
Northwestern
1,700
13%
25 % Jun
Mar
251
States Pow $5
Northwest
210
55
2
Sl.tpbldg Corp part sta
Northern
6,800
10%
13%
39% Jan
Jan
Northern Pacific Ry
31,800
28
37%
51
*52
2
17
Northern Central Ry Co
111
36
39%
28% Jan
preferred series5%% preferred series
North American Aviation
300
12
♦110%
111
37
23
6%
110
28%
26%
*110%
111
110
103% Jan
North American Co
11,300
11%
*108%
11%
11%
110
28%
*110%
111
11%
*108%
110
27%
29%
28%
*110%
60
16,600
58 %
15
-RO
Light 3.90%
Adjust 4%
55%
*56%
r
•r
75% Jun
Noblitt-Sparks Industries-Norfolk & Western Ry———
:
750
25%
25
.
241
300
;;
26
22
preferred-——No
Power &
Y
N
1,400
18%
41
246
"120
-
18%;
41
15
32% Jun
Jan
Harlem RR Co
&
N Y
300
104
18%
*41
N Y
10
42%
18%
18%
120
v
$5 non-cum
400
197
*104
243% 244%
*119
53%
194%
42
245
243%
New
■V.v. -.V.
53%
194%
51% Feb
22
32
-100
preferred series A
City Omnibus Corp——No por
York Dock
_——-No par
N Y
>600
23%
23%
54
54
*40%; 42
42%
*40%
«•'
25
25 V.
1,800
■;A
22
21% Jan
6%
2,800
,
32
31%
197
:
,
-
104%
18%
104%
105%
18 V«
197
123%
32%
35%
45
par
-100
Louis Co
N Y Chic «Sc St.
1,600
par
Central
York
New
53,600
No
No
Brake
New York Air
500
,,
26
57%
123%
*194%
54%
54%
*194%
26%
'*25
57
130
123%
32%
33
25 Vs
58
58
130%
129
33
26%
25
46%
*45%
46
*44%
1944
Highest
9 per share
I per share
I per share
Par
'
26%
Year
Lowest
Lowest
EXCHANGE
Shares
I per share
$ per snare
47'
26%
the Week
Range Since January 1
Highest
STOCK
NEW YORK
Sales for
July 27
July 26
snare
per
Friday
Thursday
July 25
July 24
July 23
July 21
AND HIGH SALE PRICES
Wednesday
T"esday
Monday
112
3
Dec
1
4%
Jan
7
Jun
16
40%
Jan
53
July
Get
3
14% Jun
18
12% May
16
Jan
12
111% to*r
7
109
Dec
20'A Feb
28
30% May
•
11% Jun
55
Mar 17
O
*108%
110
*108
17%
25 Va
26
25%
107%
13%
13%
19
19
"24%
*24
*75
77
76
*75
76
64
64
63 %
64
350
18
700
18%
24'/a
'
140
118%
*117
;
2,800
13
25
7,300
■
•••,:> 75
100
24%
*24
24 V2
io
163
*161
163
*24
24%
77
,
25%
24%
.
"161
163
*161
24%
24%
24%
18%
25%;'"
163
*161
163
.
19
*18
18%
25
3,000
107 Va
12%
..
118%
*117
117 %
117
25%
13%
13
19
25%
:
13%
12,200
17%
25 Va
107 Va
108
*107%
25%
*18%
:
25%
25%
163
13%
:
118
*117
117%
117
107%
V
17
..
26 Va
25
26%
107%
107%
13%
13%
17'A
17
110
*108
109%
;
17%
26
*25%
*108%
109%
17%
17%
108%
108
*108%
109%V
17%
17%
Ohio
?75
■
64
76
20
x62%
76
63
1,300
63%
63%
63%
*14%
14%
*14%
14%
14%
14%
100
*13%
14%
*13%
14%
*13%
13%
20
64 %
*61
64
*14%
14%
*14%
14%
*13%
14%
13%
13%
*63%
65
*62
64%
*62%
64 %
28%
*27%
28
*27%
28%
28
28
27%
27%
40 %
40%
39%
40%
39%
40
6,500
*52%
53
52%
52%
52%
52%
1,200
51%
52
1,500
132
130
28%
<
*62
•;;;
39%
40 %
39%
40%
52%
52%
53
53
52 •••-
50%
50%
51%
52
51%
52%
131%
131%
131%
132
132%
132%
50%
131%
*130%
*171
173
,
173
♦171
173
;
;
iV
8
18%
20%;
22
6%
6%
18%
6%
6%
50,600
18%
17%
18%
209,100
;14, •;
14%
*14 V8
14%
200
31%
31%
30%
31%
3,500
5%
>2,300
7
6%
18%
31%
317/a -32%',
F.
68 v
.
5%
65
65
5%
5%
64%
30%
31
30%
64 %
37%
37%
37%
37%
*2%
2%
-
38 "..
•
38
*23%
*8%
30%
23%
23%
23%
8%
8%
19%
19%
8%
19%
19%
65%
65%
118%
118%
33%
34%
x33%
14
14%
34%
7,500
14
2,000
6%
37%
;'•>
87%
87%
17
27"%
21%
21%
33%
87%
17
34
*32
87%
18
33%
99%
*107%
100
*27
29%
*107%
*107%
109
9
8%
8%
8%
21%
*33%
99%
*27
29%
*17
110
*107
109
*21%
37%
87%
18
n
17
21%
21
21%
22,500
34
31%
32%
2,700
109%
104%
107%
106
106
97%
97%
95
96
29%
*107%
9
8%
13%
13%
13%
13%
14
118%
11%
400
*21
21'A
1,700
26%
26%
6,500
64'/a
64 %
230
111%
112
25%
*27
*10%
21%
65
112%
26%
11%
28
118%
15
25
27
*116%
13%
♦111%
112%
25 %
25%
6,000
27%
27
27
120
119%
14
14%
24,800
1%
1%
1%
1%
1%
1
1%
1%
34
34%
34%
34%
34
34%
33%
56%
56%
56%
56%
57
57
56%
♦111
112
*114%
118
*15%
*31%
31%
*115
8%
■
18
*1QK
*201
204
10%
*107
10%
.59%
60%
85 %
15
15%
98
98
21%
22'
-
18%
206
7%
*107
*18
9
95
18%
130
*201
7%
10%
*107
6%
6%
2,200
73%
2,200
*18
206
7%
10%
130
206
*201
7%
10%
86
32
33%
*33
21%
22
21%
28
*27%
♦196
15
13%
*95
21%
21
28
58%
20
34%
600
14%
6,000
96%
96 %
20%
21
2,800
100
♦196
14%
100
21%
13%
28
27%
27%
*27%
16%
17%
*16%
16%
17
17
16%
16%
*16%
16%
19%
19%
19%
19%
19%
19%
19
19%
19%
19%
20
60%
59
61
*19
19%
*19%
*57
60%
*58
59%
23
22%
22%
106
106%
105%
106%
105%
114%
115
113%
114%
113%
118
133%
133%
22%
23%
99
119
119
118%
119%
134
134-
133%
134
footnotes see page
475.
,
106%
58%
22
59%
22%
105%
106
114
113
118%
118%
133%
58 %
22
3,200
13,800
22%
105 %
105%
Poor & Co
113%
112%
113
;
118%
118%
132%
133%
.
670
Jan
163
5 %
conv
-
Jan
12%
Feb
7% Jun
26
3%
Jan
6% Aug
28 Va Jun
30
f 8% Feb
19% July
4% July
31
17% Mar
6
13% Jan
2%
103% Jan
6% Jun 25
*
Jun
5
45
Jan
61
July
110
July 26
103
Jan
109
Dec
23%
Jan
30
Dec
27
Sep
37% July
34% Jun 22
27% Mar 26
32% Jan
22
2% Jan
24
5
3% Jun 20
29% Feb
1
1 Va
33% May 17
26%
Apr
27% Feb. 28
18%
Feb
10% Jun 25
May 28
51%
123
9
21% Jan
May 17
13
62
.
19
112
9%
Jan
17% July
Jan
20
37%
*70% Nov
Feb
18%
112
Dec
Jan
18
25% Mar
33%
Dec
Dec
Apr
29
Jan
40
18
39% Apr
19
21%
Jan
6
Jun
28
55
88
23% Jun
23
18
Jan
2
22 Va
26
July 27
Jan
32
Jan
5%
70%
Dec
Jan
17%
Dec
Dec
26 Va
Dec
Dec
19% Jan'
2
43% Jun
18
10%
Jan
19%
92 % Jan
19
117% Jun
11
54'/a
Jan
96
Dec
25
33%
Jan
65 %
Dec
Jan
-
J16 Va Jun
2
Apr
6
30
Jan
9% Jan
20 Vb July
6
25
Jan
Jan
r
Sep
118% July 10
122
13% July 24
16
Apr
7~i~
1
3
20%
Feb
26%
49%
Jun
59%
Dec
July 10
88 %
Jan
108%
Dec
21%
Jan
26%
Oct
119%
Oct
19
14% Jan
19
;
Apr
Dec
July 17
May
24%
37
Jan
11%
7
Feb
July
58% July 18
113
6
20
111
Apr
May
23% May
117
Dec
2% July 17
40
31% Mar 27
56% July 24
107% Feb
Nov
9% Jan
40 %
68% July
114 Va
2
106% Jan
107%
Oct
7
5
29% Mar
25
105 Va
03/4 Feb 28
11% July 20
24% May
23
57
Mar 22
r
2
2
8
28 Va July
23% Mar
May 29
108
5
106% Jan
Apr
21% Jun
120
Mar 29
Mar
Mar
6
8
8
x98
42%
6
16 Va July
117
Jan
Nov
Sep
48% July
Apr
14% July
44% Jan
2
55
11
Jan
23
20
May 23
Jan
2
32
July 10
23'/a
Feb
28
25
par
—8
July
108% Feb 28
105 Va
Nov
108
Dec
5
Jan
-: •
61
Jan
■:
105% July 26
par
;6-
9
2
1
10% Feb 19
96
Mar
7
20
May 5
8% Jan
July 13
,94
71% July 27
.
8% Mar 22
85% Jan
15% Jan
.
15
Jan
4
2
99
27
68
Feb
Jan
Jun
'
68%
Dec
92%: Dec
10%
Apr
Feb
90
Nov
Nov
Feb
9
11%
Jan
17
Dec
Jan
171
Mar
183
Apr
190
Aug
4%
9
12 % Jan 19
74% Jan 27
Jan
6%
19
Apr
•
•-
6% July
9% July
May 28
82
Sep
100 Va
Dec
69% Jun 26
Jun 26
91
6
43% Jun
45
Sep
61%
Jan
9
175
105
,
2
198
.
9
20
21
7%
12% Jun 27
MarlO
49 % Mar
:.
205% July
2
8 % Jan
Mar
*8%
164%
31
6% Jan
190
198
Jun
57% May
11%
22% Aug
8%
17% May 22
98
73
69
Jun *11
Jan
175
Nov
Jan
Dec
Nov
> 14% Oct
83% Nov
May
17% Jan
2
25% Apr 30
16%
Sep
19% July
24'A Jan'
28% Jun
18
19%
Jan
25
par
3
par
12% Jan
8
19% Jun
25
8%
16% Jan #22
21% Jun
28
11%
17'A Jan 30
21% Jun
27
11% May
Jun
27
35% May
55 Va
52% May
59
21
13%
18%
Dec
2
87%
Jan
18%
Dec
96
Jan
109%
—5
u
Dec
Aug
40% May 29
2
14% Jan
5
Mar
16
30% Jan
21
Dec
Nov
2%
•
37% Mar 28
69
113
24 Va
21
Jun
59%
Apr
Apr
110% Mar
113
5
May
Jun
Apr
13%
26% Mar 19
3
33% Jan
,
91
Mar 26
Jan
;
8
2
Jun
8% July
20% Dec
63% Feb
2
17% Jun 23
38% July
10
,12% Apr
23%
Jan
72
Mar
Jan
4%
24'A Mar 12
5
Dec
31% Aug
"
15%
22
Jan
4
2%
Apr
5
6% Mar
18% Jan
45% Mar
8
21% Jan
106
Dec
71
17
Jan
59
5%
Jan
16
4% Mar 20
56
par
.100
Dec
34% July 17
29% Apr 26,
.100
.
17%
3
.100
No
No
class B—
—1
Inc
1st preferred—
2d preferred
N J
preferred-.
6% preferred—
7 % preferred
8 % preferred-—.
$5
4%
7
22% Mar
3
2
5% Jan
16% Mar 26
-25
—
Sep
7% July
9% July 25
8
Mar
6
'16% Jan
% July 23
No
Louis RR
Pub Serv Corp of
360
133%
149
-1
-
Procter & Gamble
440
119
23
16
Pressed Steel Car Co
540
'
Jun
25
No
Plymouth Oil Co——
Pond Creek Pocahontas
100
58% '
175
...
5% conv
60%
59%
4,700
.
Dec
3
28'A Apr
.100
preferred
Pitts Coke & Chemical Co—No par
$5 conv preferred
No par
I
Pittsburgh Forglngs Co
.100
Pitts Ft Wayne & Chic Ry
.100
1% preferred..—;
Pitts Screw & Bolt
No par
Pittsburgh Steel Co
—No par
.100
7% preferred class B
:
.100
5% preferred class A
.100
5%% 1st ser conv pr pfd
.100
Pittsburgh & West Va
.100
Pitts Young & Ash pfd
—1
Plttston Co. (The)
19%
60
58%
'
'
x58%
59
20
60
*19%
20
*19%
*19%
2,100
Dec
3
160% Jan
26% Jun
6%
Preferred
Dec
121% Jan
2
Pittsburgh Coal of Pa
120
,
28
*58%
1,700
955
86
*27%
*27%
For
.
59%
*85
35
■
120
*107
85%
100
5,100
10%
85%
14%
~20
>;
7'/a
60%
*95
300
*195
53%
♦196
100
210
18%
95
*33%
100
9
95
*8%
Dec
48
123%
—
-
Dec
35 Va
Apr
2
No
—
25%
Jan
Jan
117%
.100
Hosierv
preferred
Pitts C C & St
71%
;
*84%
14%
14%
*8%
*93
6%
77%
62
60%
35
*95
6
73%
*195
10%
*196
♦196
9
94%
7%
85%
'*33%
34
6%
10%
60%
*83%
34
*201
140
60%
*83%
135
$4
Jan
13
53% July
3
Jan
Jan
preferred
Phoenix
17%
21% Jan
Pillsbury Mills Inc
20
Jan
30
25
preferred
500
Apr
48%
132% Jun
(new)-. —5
Phillips Petroleum
Sep
13
Sep
42%
.100
500
*115
79
7%
14%
Jan
39
Jan
3
31%
31
135
*115
——i
15
15
15
135
10%
10%
4,200
106
7%
*107
140
49%
*105%
*18
202-
7%
48%
49%
;
Jan
8'/a
—
25 %
par
Corp
Phillips Jones Corp
20
31%
*195
202
7%
114%
105%
94%
17%
500
113%
31%
*8%
9
*195
7%
15
4%
100
,
18
*17%
10%
July 11
No par
?00
Philco
19
9
No par
com
com
preferrcn
Phila & Read Coal & Iron w 1
Rights
Feb
^
•
2
5
25
50
No
preferred
preference
Philip Morris & Co Ltd
118
105%
6
94%
17%
48%
111
111
112
31'A
78%
79%
*8%
94%
15%
18
*114%
*115
6
*76%
8%
94
94
49%
*111
105%
31%
135
6
6%
76%
*15
18%
118
$1
1,600
58%
*105
31%
105%
*115
135
6%
76
49%
15%
31%
*105
*114%
49%
15%
15%
105 %
-
*17
18
118
49%
49%
49%
112
*17
18%
*114%
18
*111
112
$6
Phila Electric Co.
2,400
34
57%
57 %
St Co Inc new
55%
Sep
—
54% Jun
5
1
1
Phelps-Dodge
Corp
Philadelphia Co 6% preferred
77,800
14%
(Chas)
3
69% Apr
2
3
48
100
4.4%
*117
34%
*17
Pfizer
Jun
—
26
63
Pfeiffer Brewing Co
64:
42% Jun
26
2nd preferred
—
Corp of America
Dec
32Va Apr
No par
Milk Co
75%
2
100
Petroleum
1,250
%
♦111
prior preferred
5% preferred
5 %
Jan
24
100
100
Ry Co
64
;
Jan
33 %c
Co
5
24 Va Aug
157
38% Mar 27
Inc ex-privilege—1
Pere Marquette
6
Mar
67
Consolidated
No par
Penney (J C) Co
No par
Penn-Central Airlines Corp
1
Penn Coal & Coke Corp
10
Penn-Dlxie Cement
No par
$7 conv oref ser A
No par
Penn Glass Sand Corp
No par
5% preferred
100
Pennsylvania RR
50
Pennsylvania Salt Mfg Co
10
Peoples Drug Stores Inc
5
Peoples G L & Coke (Chic)—
100
Peoria & Eastern Ry Co_.
100
Pepsi-Cola
28'/a Jun
79
7
15% May 21
Ford
Penick &
50
25%
33%
7/a
1,200
27
25%
119
8%
64%
*111%
Utah
4%%
8%
26%
25%
*116
119.
21
& Tilford
May
15% Mar 17
1
Pictures Inc
Apr
147
>.
% July 17
100
preferred
Dec
18
7
2
Mines—1
Parke Davis & Co
No par
Parker Rust Proof Co
2.50
Parmelee Transportation
No par
Patino Mines & Enterprises
10
109
*107%
9
26%
64%
26%
27
27
*10%
conv
Paramount
Pet
29%
*27
109
V
65%
112%
25
29%
*27
109
64%
25%
4 %
Inc
14%
Jan
16
39%
1
No par
& Ref
Prod.
Dec
22
34% Jan
Petrol Si Transp—
5
Pipe Line—No par
Paraffine Cos
8%
Oct
108
Jun
45% Mar
——.—-——_———-
Panhandle
;
Oct
11% July
28% Feb
23
11% Jan 20
Panhandle East
900
100
*111%
111%
*118%
Rights
Pan-Amer
108%
Apr
99% Aug
164% Jun
13% Jan
No par
2%
American Airways Corp
Dec
8%
2
Jan
24
20% Mar
28%
26
Feb
68
.
10
Motor Car—
Packard
22
Jan
74
preferred non-cum-—No par
preferred non-cum—No par
Gas & Electric
25
Pacific Lighting Corp
No par
Pacific Mills
-No par
Pacific Telep & Teleg
100
6% preferred
2
—100
Pacific Tin Consol'd Corp
1
Pan
Sep
105
117% July 23
.
22% Jan 30 '
2nd
400
10%
25 %
300
21%
21%
65
65
17% '
*16
700
31%
10%
111%
85
34%
21
26%
200
•32%
85
...
500
'38
*30
'21%
11
*65
38
16,300
36%
35 3A
38
32%
86
21
26%
100
86
20%
26%
800
21
37%
38
*10%
27%
26%
74
21
*112
*30
11
20%
73%
23%
35%
38
33
2,900
75
*112
21
xll
6'/a
6%
6%
6%
74%
21%
36%
36%
36%
38
8%
75%
*112
33
*27
6%
74%
*21%
6%
23%
*37%
*107%
1,100
13%
*31
101
118%
34%
32%
109 %
118%
14
38%
ICO-
119%
35%
37%
*107%
100
13%
32%
2%
3,900
33%
38%
33%
18%
67
14%
36%
87%
2,200
36
*112
*17
8%
14%
76
13Va Jan
Pacific
Pacific Western Oil Corp
4
155
8
10
Inc
Co
Coast
Pacific
1,300
3,300
800
24
*64%
67
*64%
119
V
30%
.
18%
19%
18%
;
35%
*21%
23%
8
30
■
Co
Glass
Pacific Amer Fisheries
Park
14
*73
*112
66%
119 %
2%
Co
Owens-Illinois
Park
34%
6%
6%
*21%
119
14
'77
*64%
*118%
66%
*65%
118%
*72%
Outlet
Nov
15%
23% Nov
5
16% Mar
2
Jan
23% Jan
No par
100
2.50
No par
-12.50
preferred
6%
104%
8
113% Mar 14
11% Jan
107,
10
:
Outboard Marine & Mfg
1,900
;
38
2%
2%
2%
8%
30%
*23%
-A 8%
r
23'A
30%
23%
8%
38
23%
30%
19%
37%
11,500
30%
30%
30%
■V.' 6%
Oppenheim Collins
.'■«
Mar 27
17
—
—
Otis Elevator
10
30'/8
36
900
64
♦109%
31
30
*23%
,8%
-
110
30
2%
30%
19%
■
2%
2%
2%.
♦63
110
30%
30%
30%
5'A
5%
65%
*109
*109
*109
■■
32
32
*64 %
5%
*5%
5%
5%
*65
14%
*14
14%
32%
Co
4 Va %
12,700
*14
14%
*105
3,300
20%
20 %
21
71,000
8%
8%
1%
r%
*14
■
10
171.:"- 171
9
Oil
Oliver Corp.
1st
220
17%
6%
6%
17%
i.y
7
*21
21
21
21
6%
17%
U
■k
173
*171
9%
8%
8%
8%
"
*20%
■
*171
<
8%
8%
132
omo
4.40%
Edison Co
.—9.
50 V2 Jan
par.
No
No
par
;
65
55
22
Mar 27.
62% Jun
17
-50
Jan
2
par
—-
:
.102% Feb
100
106% Jan
30
.100
—No
110
Jan
4
100.
121% Jan
16.
3
26
Jun
109% May
X117
Jun
123% May
138% May
4.
14
9
3
,,
May
Apr
-13 Va
Dec
Apr
18%
Dec
Jan
-
18%
Dec
Dec
July
Oct
104 %
Jan
113 Va Nov
113%
Jan
122%
Dec
'
Volume
162
i
<W
<"
*
'*tfi%'1
t)
LOW AND
* per
I per share
115%
51%
18%
19
1 per
50
114%
*114
115%
115%
503/4
51%
50%
18%
19%
110% 1103/4
18%
183/4
110U
noli
1,200
108%
103 %
IO8V4
108 3/4
700
24%
25%
2,00 J
25%
' 25%
25%
*16 ¥8
16%
100
41,200
25%
*16¥a
16%
*163/a
16%
12%
123/a
12%
12%
86%
86%
f
19%
5,300
51 ¥4
118
Jan
20
47% Jan
22
55
Jun
26
37%
Jan
24
21
Mar
7
14%
17
Feb
Jan
52% July
Sep
18
Mar
Jan
115 % Nov
Jan
108 %
Dec
Feb
8
19V4
Jan
247/a
Oct
-1»
15% Jan
22
18
Feb
16
123/4
Jan
16 ¥4 Aug
par
10% Jan
783/4 Jan
2
13% Jun
18
8%
Apr
12
15
87 3/4 Jun
28
69%
Jan
80%
Jun
25
7%
Apr
10 Va July
2
1017/a Jun
26
July 18
104 % Jun
26
109Va
5
103
25%
16%
16%
16 Va
123/a
12%
12
12 ¥s
12
12%
863%
86¥s
863/s
86
86 3/8
500
8%
8%
8%
10,400
$3.50 conv 1st preferred—No par
1
Radlo-Kelth-Orp' mm
620
.100
pfd— .100
May
91
103
Oil Ref Corp.
Quaker State
1193/4
27
9
109% Juiy
*163/8
•
Highest
I per share
Nov
3
115 ¥b Apr
106
25 ¥4
<
1944
23 Va Jan
110% July 17
100
—100
No par
preferred
preferred
Purity Bakeries Corp
conv
25
25 s/8
I per share
1133%
113% July 17
-No par
(The)
uii
6%
6%
Year
Lowest
t per share
f per share
Par
No par
—No par
Pullman Inc
puie
'
- "/.•■'
,
pfd $5
Pub Ser El & Gas
» 14.500
110%
109
18%
110 ft
*1083/4
109
'
Shares
per share
51%
110%
*108%
Range lor Previous
Range Since January 1
Lowest
Highest
STOCK
EXCHANGE
.
-
115%
18%
18%
110%
I
$ per share
share
the Week
503/4
51
108%
%
473
STOCKS
YORK
NEW
for
Sales
July 27
*114%
115%
50%
112
108
!'.«i «, It
Friday
July 26
July 25
f per share
share
*110%
'>'*
Thursday
Wednesday
July 24
*il5»/4 115%
51.
'■Wj'
7*®^
'
SALE PRICES
HIGH
Tuesday
Monday
July 23
July 21
1
THE COMMERCIAL & FINANCIAL CHRONICLE
Number-4407
Saturday
b|
£yy**r
4
R
8 3/a
86 ¥4
*86
8 S/8
8%
•
*86
8%
83/8
8%
8%
Radio
6%
preferred33/4%
conv
97%
983/8
97 ¥a
98%
983/4
973/8
98%
104%
104%
103'%
103%
104 Va
104 3/b
104%
104%
500
34%
33%
34
34
34
33%
34%
333/4
333/4
4,800
Raybestos Manhattan
19%
19
19%
19%
195/8
19
19%
19-
19%
1,200
Rayonier
*34
19
99
98%
/
98
104 3%
103%
36
36
36
36
36
36
35 3/4
23%
223/4
22%
233%
23%
22 %
23%
*47%
*40 Va
72
*41%
42%
19%
>
;
72%
72
72
23
*22 ¥a
23
32%
32%
*32%
33
26
'
♦100%
21%
*100
10%
99 '••'
15%
15¥a
V
•Vv
153/a
20%
20%
20%
20%
20%
109 3/a
108%
108 3/8
16%
163/4
X33%
105%
:
v
17
17
17
33%
33 %
33 s/8
33%
33 5/a
39%
39
39
39
39
183/a
44
44
193/4
20%
44
44
44
19 Va
19%
193/4
110%
110%
110 Va
110%
103/4
107/8
10 ¥b
10%
5,300
583/4
10%
58%
10%
56 %
56%
573/a
8,200
57%
108
57%
108
*106%
58%
108
*107
*108
112
111%
*111%
113
*111%
263/«
■•<
*7%
8%
19%
193/4
112¥4
8%
8%
21%
15%
90
91
13%
*763/4
80
*763/4
15%
*15%
16
15%
26%
26%
7%
v'-> 6¥a
35%
15%
-,48::
16%
353/4
60
153/4
16%
16%
65
15%
153/4
>-'• 4%
43/8
203/8
48
178
31%
16
15%
153/4
27,600
47%
47%
47%
1,800
163/4
16
>
1,100
16
16
23%
62
62
600
29%
30
300
Smith
14%
15%
48,600
4%
43/8
4%
4,600
21%
203%
213/a
46%
463/4
46 Va
46%
1763/4
313/a
31%
20%
20%
143/4
2,600
19%
193/4
1,100
Southern Natural
48 ¥a
26,200
43%
453/4
44
443/4
10.400
Southern
73
74%
73
733/4
1,900
90
88
7%
*11%
493/a
90
:
*88
15%
*11%
V
./v. 120
15
7
7%
7
13
88
*14%
15%
*14%
7%
47%
49
47
400
13
*80
88
*80
88
*80
88
35%
*34%
35%
*34
3534
34%
34%
29 s/a
30%
88
35%
88
-
30
29%
30%
30 Vs
29 Va
293/8
67
*64
65
63%
64%
*63
63%
64
65
50
50
*49%
53
52%
143/a
15%
15%
14%
90
90
*65%
29%
52%
52%
*52%
14%
14%
14%
14%
90
90
89%
90
403,4
;
51
14 ¥8
40 3/4
V
89 Va
*883/4
89%
3,300
7%
*11%
13
¥
200
5,400
400
52%
,
140
143/4
5,100
*40%
*110%
63%
403/4
112
*110%
*63
63%
112
*110%
65
65
*110%
112
66
*65 %
66
110
*107%
108 3/a
107%
107%
*106 %
108%
*1067/a
108 %
*106 ¥8
108%
♦106%
xl07%
108 %
108%
108%
107 %
34%
35%
34%
35%
35%
35%
*1123/4
7
86
113%
*1123/4
7%
63/4
*85%
87
*112%
113%
6%
87%
99
100%
98
99
40
40 3/8
40
40%
■:
7
87%
100
40%
113%
7
87%
100
41%
108
-
35
*107 Ve
108 Va
108%
♦106%
50
108%
1073/4
108
35
35%
113%
113%
6%
*113%
6%
107%*
35%
6Va
6V8
863%
87
*85%
86%
98
99
*98
40
41
40%
310
4,200
300
115
5,900
1,400
1,100
100
41%
15,300
363/4
36%
3 6 3/8
37
37
37%
36 3/8
36%
6,500
61%
60%
61%
61%
61%
36%
59%
37
60 3/4
61%
58%
59 Va
16,400
20%
20%
20%
20%
20%
20%
20%
20 3/a*
20
20 Va
8,100
*116
12%
*36%
*116%
120
123/8
13
*36
373/8
119
123/4
38
*116%
119
119
*115
12%
13
12%
38
36%
36%
35%
34%
12 Va
13
♦36%
•114
35%
*35
12%
9,900
100
36
343/4
17%
18%
18 ¥a
17%
13%
17%
18
3,100
3,200
16
16%
15"%
16%
16
16%
16
16%
153/4
16
4,100
20
20%
20
20
193/4
193/4
193/4
193/4
19%
19%
700
13%
14
13%
13%
133/8
13 5/s
13
13%
13
13%
8,800
35
173/4
35%
17%
■
34%
35
177/B
\
35
23 5/a
23%
24%
223/4
23%
60
60
60
60
*57%
126
♦124
126
123%
*124%
6
6%
6
6%
12%
13
123/4
123/4
24
24
233/8
24
*101
104
6%
123/4
24
*101%
24%
60
124%
34%
*34
343,4
27
*34
273%
343/4
30
•
30
*34
333/4
300
600
Jan
8%
Dec
99 Va Mar
9
84
Feb
106%
Dec
16%
Feb
4.800
122% May 28
22% May
7
17% Mar 26
1
111% Jun
114
Jun
25 Va May
243/a July
27
mis
8
.
95
12 Va Mar 27
74
May 15
13% Jan 23
>
>
59
May 16
153/a Jun
.
1
78% Mar 10
18% May 29
67% Jan
July 23
3
63%
11%
Sep
14% Mar
'
Jan
76%
Jan
153/4
Oct
48%
Jan
61%
Dec
20%
Sep
May
Apr
28%
Apr
7%
Dec
25% July 18
28 Ve May
8% Jan
17
41 Va Apr
23
24%
30% Feb
36
Jun
12
■
jj--.
Sep
23
Apr
31% Dec
10%
Feb
16
Dec
54 V4 Mar
7
35
Sep
42 3/a
Jan
19% Mar
6-
13%
Apr
18% Jan
5
22
Jan
23% Jun
v..•
41% Jan
15 Va Jan
2
par
22% Jun
22
48% Jan
22
2
77
4% Mar 26
29%
Feb
54%
Dec
7
23
Apr
31 %
Dec
24
12
Jan
14% July
Jan
5 % July
Mar
17% Apr
53/8 Feb
20% July 27
40 Ve Apr
Feb
35
29% July 27
2
13% Jan
155
35%
7
173/4 Mar
—20
5
3
Oct
24% Jun
2
15 > Mar 26
-•
8
Dec
9%
72
53/4 Mar 21
2
323/4 Jan
■
9
18% July
78% July
Jan
26
3%
1
>23% Mar 19
4
Apr 20
x51% Jun
14
178% July 24
20%
Dec
28%
Jan
141
Jan
213/4 Dec
45%
162
Deo
Deb
2
32
July 16
22%
Apr
26%
Jan
20
21
Jun
6
13%
Jan
par
38% Jan
31
573/4 Jun
26
23%
Jan
17% Aup
43% Dec
Jan
34%
—25
26% Jan
7.50
17
Oct
69
Dec
Dec
—1
Spalding (A G) & Bros Inc:
Sparks Wlthington
-No par
1
Spear & Co
$5.51 preferred—
No par
11% Jan
24
15% May
9
8% Jun 15
12
Nov ;
13% Dec
tr ctfs
No
Spencer Kellogg & Sons
Sperry Corp (The)
6% Mar 27
7% Jan
Spiegel Inc
—
preferred
$4.50
Conv
$4
conv
preferred
Mar
27
383/4 May
24
36
47% Jan
12
72% May 29
July 23
123/a Mar 27
76% Jan
•
9
37% Jan
10
109% July
par
58
par
par
108
Par
'
50
—2
100
No
No
No
No
87% Apr
27 Va Jan
No par
preferred
15% Mar
2
32
par
—1
—1
2
Feb
80
Splcer Mfg Co
—No par
$2 preference series "A"—No par
Jan
3
20
.May 25
1073/4 May 28
1073/4 July 27
28
Jun
72% Jun
113% Jan
37% Jun
114% Mar
Standard G & E Co $4 pref—No par
23/4 Jan
2
No par
No par
67% Jan
23
of Ohio
preferred
L S_.
(The)
Sterling Drug Inc
Stokley-Van
Stone
Jan
48
Sep
Jan
lTVa
Dec
6
5
6
50%
July
May
113
Dec
108
8% Jun
96
Jun
4
1
14
27%
110
85%
> 34%
31
66% Jun
25
118% Jan
24
-1
9% Jan
35% Jan
Superior Oil of Calif—
Superior Steel Corp
Co_
Sweets Co of Amer (The)
6%
Jan
11% July
28 ¥*
Jan
37%
n3A
Jan
17 ¥4 July
38% Jun
Dec
18
2
1
18% Jan
57% Jan
2
;
2
4
123% July-18
6
Mar 27
1
10c
10
No par
.
58 y8 July
ifJ
25
34 % July 26
16
Jan 22
24
Oil Corp_.
Jan
26
14 % Jun
39% Jun
18% Jan
Mining Co
Superheater Co (The)
Dec
39% July
Sep
20
10% Jan
100
Sep
Dec
110 ¥4
22
10% Jan
23
Mar 26
—23
100
-10
79
Jan
3
25
Jan
22
Apr
11
12%
17% Jan
2
31
Mar
9
137
74 %
18
13
par
cum)
23% Apr
Feb
—No par
(4% %
Feb
4% July
Sep
Sep
50 3A Sep
34%
No
Dec
33¥4 July
116
Feb
40 %
1
20
(The)
Jan
Feb
28
3
64 Va
33%
16
5
115
16
27
Inc
—
Dec
2% Nov
393/8 Jun
24
Dec
115
111%
453/8 Jun
July 27
38%
Sep
Apr
109 3A Jun
Jart
793/4 NOV
Jan
2
20
-
57
2
56
29¥4 Nov
110
23
(new)——
& Webster
Feb
33% Jun
33% Jan
Corp--
Camp
Class A pfd
Dec
36%
38% Jan
preferred——
Studebaker Corp
Sun Oil Co
20
783/4 Jan
Standard Steel Spring——
prior
35
No par
Standard Oil of New Jersey
5%
Dec
May
22% May
7 ¥4 Aug
28
!—100
Standard Oil of Indiana
Stewart-Warner
Jun
75
No par
23
23
10
Standard Oil of Calif
Starrett Co
9
Feb
108% July 24
2
Standard Oil
Jan
8
1143/4 Mar 16
2
$6 prior preferred
$7 prior preferred
Jan
5%
55
45% Apr 24
116% May 8
Jan
No par
Inc
Brands,
preferred
4%
25
May 2
17% May 29
92% May
7
111% Jan
$4.50
1
Dec
56
No var
Standard
Sutherland Paper
343/4
30
Sep
2%
82%
99
*34
Jan
20%
16
Jan
stk
Ohio
&
99
343/4
page 475.
300
273/4
110
No par
Sunshine
273/4
!Jan
19
Jun
Jan
Mobile
Sunray
28
108
Feb
9
54
1,800
27 3/a
25
28
8
20
4,300
100
112 V» Jun
1
19
Mar
Jun
40%
9,100
100
108 % May
26
Va
104
Nov
26
12 Vs
29
see
19,700
125%
6
115
89% July 18
23%
6
6%
Feb
81 Va Jun
12%
6
109
52% Jun
23%
*28
For footnotes
*123
13
5
12 Va
28%
26%
125%
24% '
59
1143/a Jun
22
23¥a
*27%
25%
*56%
111% May 16
22
12%
28
24%
22%
593/a
Dec
45 Va Nov
80% Jan
23 Va
6%
28
24%
*123
24%
37% Mar
64% Jan
12%
104
233/4
23
*57%
July 23
323% Jan
24
104
*34
*
34 Va
52
par
4% %
119
23
23-
.100
5%
108
*108
109%
1
Squibb (E R) & Sons
$5 pref series A
$4.25 preferred
112
*60 %
'•;■• Jan
Feb
May
preferred
500
*110%
Dec
105
111
8
Square D Co
65
Dec
393/4
—13
Railway
non-cum
180
112
9%
Sep
.100
5%
200
403/4
Jan
13
No
No
90
42
7
30
14
Edison
40 3/4
'
*40%
41%
Dec
28
26
27
"
*40 ¥4
38% Dec
115%
127/8 Jun
10 Va Feb
Gas Co
46%
*14%
13
*80
31
19%
Jan
683/4 Jun
-10
California
30%
110%
9
Feb
2*
x42 '/a Feb
.100
20
23
23% Jun
preferred
31 %
Jan
3
Southeastern Greyhound Lines-
30 ¥a
14%
27% May
46% May 5
23 Va Apr 17
Xl05% Jun 22
Typewriter-No par
Southern
18'
34% July
.
Va Mar 27
8
5
South Porto Rico Sugar
Jun
24 % July
Jan
1
No
Oct
Dec
Jan
22
Iron.
9
Nov
Apr
Jan"
—No par
—No par
&
39¥a
5%
Jun
Socony Vacuum Oil Co Inc
South Am Gold & Platinum
8%
Dec
Dec
173/4
78
Corp
& Corona
13
16 3/8 Jan
Mines
Steel
75
♦88
7%
*
160
35% July
16 %
100
25
1
115 Va Mar
—13
45%
*
143/4
7%
*11%
2,400
—
74%
88
13
800
46%
213/4 May
23
38 % Jan
No par
IS
preferred
$1.20
Jan
May 22;
8% Mar
19% July 27
No par
Southern Pacific Co
48 s/8
48%
88
20%
177%
20%
46
176 3/4
176 ¥4
176 3/4
313/a
20
90
353/8
10
15% July
8%
26
July 16
39% May 19
Mar 26
37
No par
Smith (A O)
31
,.
15%
1763/4
Oil—
Skelly Oil Co
81oss-Sheffield
23%
.
10
26
133/4 Feb 28
'27
110% July 25
•
No par
No par
Oil Corp
64%
64 Va
*30%
22
?;
■17% July 17
_1
Simonds Saw & Steel
Sinclair
Jan
No par
Pen Co
Sheaffer (W A)
16 Va
*23%
63/4 Jan
19% Apr
33
7
Sharpe & Dohme
$3.50 conv pref ser A
Ehattuck (Frank G).
24
14%
45%
29¥4
15%
47%
v> 43/8
>
75
*80
400
*
8%
No par
1,300
;
16
24
2
23
Simmons Co
>v:
Apr
173/8
100
No par
No par
—No par
-
Silver King Coalition
34
Jan
Jan
16% Jan
3V»
Corp
Shell Union
353/4
Dec
10
85%
19 Va
2
—No par
$5 conv preferred
3,000
47%
*23 Va
Sharon Steel
5,300
■•"34
88
11% July
1
No par
6 3/8
/ 353/4
V
35% Jun
Jan
Feb
5
10O
5
preferred
*26%
4%
443/4
*35%
210
,
15 ¥e
74%
7%
34 ¥2
178%
48
15
60
4%
21%
463/B
7%
1,100
75%
15%
77
*11%
34 Va
65
45%
*14%
343/4
34¥4
4,200
V:,»
'
•
2
3
6%
>■
6%
2
Dec
12% July
63
109% July 16
21s/a Mar 6
10% Jan
No par
26 Va
27
36
A13% >;
'80
15 Va
Jan
"
290
•*'90
60
60
6%
3434
31%
75%
*88
»
1,200
2
21% July
102 Va
Jan
Jan
Shamrock Oil & Gas
3.400
47%
20%
50 3/8
>
15%
8%
5
63/4
Jan
-10
Inc
$4.50
160
21%
31%
20%
60
■
-
13%
*78
82
15 ¥a
;■
90
133/4
133/e
*78
15%
31%
45/8
177%
90
90
133/4
80
21
-
Servel
4,200
-
21%
■f
8%
8 3/a
213/4
26%
>16%
153/8
46%'
47%
8%
113
Apr
Jan
2
1
Seagrave Corp
Sears Roebuck & Co
/. 3,200
20 %
20Va
*1123/4
1123/4
21Va
8%
65
4%
*21
21%
1123/4
32
15%
:
19%
•
18
87
Jun
May
Joseph Lead.
Stores
Seaboard Oil Co of Del
100
8
117 Va
117
Co
preferred
Savage Arms Corp
Schenley Distillers Corp.
5% % preferred—.
Scott Paper Co
T.
$4.50 preferred
$4 preferred
"
112 3/4
22
*'8 >■
>
:>>
20% :
118
117
193/4
64%
64
8
♦7¥a
8
153/4
16%
*31
60
28
26
Aug
13
6%
3,000
25
25
47%
t
24
*23%
/
31%
/>>
113
27
*33%
157/8
47%
31%
313/a
33 ¥4
47%
■
-*35%
35
•33 ¥4
15%
*64
*176
7
—
400
112
*111%
26 Va
;* \-7
26 %
6¥a
*1)0
113
> 25
26%
61%
*60
26%
48
*23%
47%
60
*
35
.
35
24
*21
13%
*133/4
60
112
*111%
113
91
♦90
90
14
26%
-?*33%
*8%
213/4
80
59
7
1123/4
8%
22
*110
1113/4
'f
50%
*49
51%
50%
108
•107
108
*107
52
1193/4
1934
1123/4
8 %
21%
90
*7%
119
118%
19%
113
26%
8
116%
21%
*>.
26%
26
117
*51%
11% Jun
Jan
16
Apr
36
Safeway
103/4
112
*763/4
St
130
8%
1
Dec
99 Va Nov
28
Rustless Iron & Steel Corp
9,300
•
1113/4
1103/4
583/,
Mfg
2,400
19%'
19%
103/8
113
>/ 133/4
.2,100
43%
43
■:;>
19%
19%
800
19
1103/4
10%
*108
>
433/a •-44
..
36
;
i: *nc%
*111
*1123/4
18%
44
/19%
52
>'■
36
18 %
18 3/a
*50
193/s
36 3/4
18Va
35%
18 3/a
52
*7%
36
187/a
35%
183/8
: 111
116%
35%
35%v
23a/4
x837/s Mar;
27
21%
36%
Apr
.
30
21% Jun
21
500
Dec
14%
Jan
393/4 May 31
217/a
1,200
24
17% July 10
106% May 14
227/a May 21
Richfield Oil Corp
7Va
Feb
Dec
16% Mar 27
*7%
23 Va
18
26
313/a Jan
21%
22
Nov
37 Va Mar 13
8
*7%
18
—1
—
22
23 VR
Feb
16
No par
Ritter Company
No par
Roan Antelope Copper Mines—
.111
Royal Typewriter
Ruberoid Co (The)_
No par
•21
HVa
-10
Common
1,600
7%
Dec
20
110% May 18
J.4 V8
2,100
23%
85%
27% May
3
15 Va Jan
11 Va
*7
155
Jan
283% May 18
98
19
23%
Jan
50%
4
,
19
8
13
90
2
87% Jan
11%
24
Dec
Jan
13
22
.100
preferred
v—
Reynolds Metals Co
No par
.100
5%% conv preferred-;
—1
Reynolds Spring——
-10
Reynolds (R J) Tob class B
11%
24
57/a
Jun
11% Jan
193/8
23 %
Dec
102
8% May 26
11%
*21%
22
36 ¥4
19 Va Jan
5% %
80
Jan
102% Jan
19
18%
>
5,500
—1
Republic Aviation Corp
Republic Steel Corp
.—No par
6% conv prior pfd eer A—— .100
Revere Copper & Brass
No par
19%
*35¥4
26
f
15% Jan
11%
*7%
52
*16%
900
■
27%
35 Va July 12
1
19%
23%
*1063/4
17
Dec
19
82% Jan
5
11%
8
573/4
440
Dec
42 %
137
22
11%
24
10%
1,400
108%
21 ¥4
Jan
3
22 Va Jan
19¥8
*7%
111
To-
19 3/4
Jan
32%
24% Jun
/
Dec
15%
16
9
99 V4 Jan
Inc.
Motors,
July
Jun
Jan
1
Rheem
23 ¥4
:•'*
490
Reo
Dec
343/4
24% May 23
-23
Remington-Rand
18
Feb
22% Jan
-10
Mfg Co
22
17
No par
Corp
Stores
19 %
11%
22
4,100
153/a
17
16%
400
lOf
108%
109
.100
Feb
453/8 Jun
116% Apr 17
69% July 26
.100
Jan
12 %
28
8
29% Mar 19
31
11% Jan
—5
Jan
33¥4
28%
50
5
Mar
363/4 Jan
11%
19%
11%
17,100
1
333/8
39%
19%
23
109 Vs
*38%
34
*38%
3,200
19,600
'•14%
20%
108%
34%
21%
22 %
—
& Co 1st pfd
(Robt)
Preferred with warrants
lOVa
105 Va
19 Va
109 ¥s
39
1,900
> 101%
15%
109 %
16%
25 Va
'
/
2nd
Hosiery-
Reliance
lOSVa
109 ¥s
15
20%
33%
600
9%
27
109%
38%
32%
10
20%
10
105%
'
Reliable
25
99
16
22
400
32%
213/4
109 %
105
105
Reis
♦100
9%
110
250
29 ¥a
21
'
23
223/4
110.
105
104
10%
non-cum
Silk
Preferred
70
101 Va
25
*100'
21S/8
9%
1093/4
15%
153/4
105
104
21%
22%
1093/4
32%
101%
*100
10
92
1093/4
22
32%
25¥4
*25¥a
<
21%
9%
22%
109 %
101%
21
21%
9%
253%
255/3
26%
102
22
Real
70
*213/8
23
>
30
43
preferred— -50
117
2
Dec
1073/4
38% Jun
Mar 26
19% Jan
„50
1st preferred— -50
117
.
16
85% Jan
July
39% May
7
23% Jun 21
343/4 Jan
-23
non-cum
4%
500
19%
1
Inc
preferred
Reading Company
4%
Jan
10
33% July 24
par
-No
$2
42
7Vs Mar 26
_
Purina Co
Ralston
100
*18%
71%
69%
1,300
2,200
49
*41
,
118
*117
34
23
*32%
,
19 Va
181/4
>.
118
35%
23
*46
43
>41%
>
;>
19%
*117
71%
23
43
*19 Va
19%
118
*117
71%
>
*41%
42
19%
19%
123
49:
*46
50
*47
48
48
48
*117
•
353/4
22 Va
353/4
23%
*
-No
Corp of Amer—
21V4 Apr 30
19
Jun
26
9%
Feb
Dec
13% July
6
15%
Feb
19
Dec
13
7%
Apr
12%
Dec
29% May 4
64% May 12
13%
Apr
20% July
54
Jun
64
Oct
Jan
128
Oct
20% July
15% Jun
127% Mar 24
7% Jan
9
15% Jun
21
27% Jun
11
35
Jan
7% July
5Va
Feb
5%
Jan
10% July
17%
Jan
25%
66% Nov
84%
Feb
6
19%
Apr
26
Deo
4
29
Sep
3a
Dec
Jan
20%
Sep
122% Apr 30
31% Mar
121
333/4 July 27
8%
Dec
STOCKS
Monday
July 24
July 21
July 27
Shares
that*
,
'V;/
32
31%
32
31%
31%
Swift <fc CO
32%
32%
32
32%
32
32 Va
2,000
30%
30'A
31
30%
31 'A
30
30'/a
3,400
8%
9'/a
7,600
SWlft International Ltd.Symmia Elec Prod's Inc
Symington Gould Corp
9%
32%
31%
9%
32%
9%
9%
9%
*9%
*9%
9%
*9
9%
200
13%
2,100
30%
30
8%.
9%
9%
9%
*9
9%
*9%
9%
*8%
8%
8%
9%
*9%
9'A
*8'A
9%
9%
8%
;:V
14
14
13%
13%
/
13%
107%
■
106
105%
52%
53%
52'A
52%
52%
53
51%
7%
7%
7'A
7%
7%
42%
7%
106
106
106
•
*13%
13%
13%
.
13'A
107%
5% pfd_100
25
Tennessee Gas & Trans
6,900
51%
51%
52%
240
106
106
106
Corp
Corp
Tennessee
(The)
Texas Co
Producing
Gulf
7
7Va
4,500
Texas
43%
42
42%
3,900
42%
42%
42%
42%
43%
22%
21
21%
21%
Pacific
21%
21%
Texas
21%
4,600
2 2'A
21%
21%
16
16%
16
16%
3,900
42
43
40
42%
42
42
2,600
Texas & Pacific Ry Co
41
16%
17
17
17
17
500
55%
55
16%
16%
42%
*42
16%
17
*16%
17
J-
17
55%
54%
*9%
9%
55%
*9%
55%
9%
55
*9%
134%
139
*134%
139
*93%
97
*93%
97
/
11
54%
53 >A
.
.
350
10
100
139
1%
preferred
97
6%
preferred—.:
*93%
97
*93%
r
10%
53%
*53
V
'
10%
10%
*53%
.54 >
10%''
10%
:
54
*53%
The Fair
%
11
11%.
11%
11%
*11%
12%
10%
10%
10%
11%
15
14%
*14%
15
14% ; 14%
*14%
46%
47
46
45%
46
"
V
41%
12%
12% ■12%
44
42%
20%
20%
6%
6%
6%
6%
109%
109%
109 V2
13%
44
13
24'%
107
27%
27%
11%
•
122%
.
53%
41%
4,100
52%
1,200
12%
8,500
Transamerica Corp
43
4,400'
Transcont'l & West Air Inc
,12
43%
41
6%
109%
20
13%:
13
27 V*
34%
109
*11%
16%
,
122%
16%
16%
11%
11%
123%
16%
16%
:
■•
preferred.
pridr pfd—*
Twin City Rapid Transit
7% preferred—
$1.50
$4.50
1,100
Co—————.
Coach
Twin
1.600
par
par
Par
•
par•
-
87/a
Jan
Jun
8 J/4
Jan
4%
Jun
Dec
Oct
10% Mar
12JA July
44%
50 %
Jan
63A
Dec
109 % July 13
Sep
Feb
19
9% Feb
14
4%
Feb
7
323/4
Apr
37% July
26% Jun
25
14%
Feb
29%
20% Jun
20
83/4
Feb
16% Nov
54 V2 Jun
22
17%
Jan
35
May
45
10
22
30
31
Dec
Dec
213A Jan
10
123/4
Jan
24 % July
59% Jan
24
50%
Feb
58
12
Feb
28
57/a
Jan
139
Apr
16
July
Nov
93/4
Jan
122
Dec
Oct
94
Dec
7
Apr
10%
Dec
•~4%
Jan
12 Va
Dec
:'r 92
81%
Apr
16
12% Jun
1
100
•
56 % May
23
15% Mar
1
15% Mar
6
11%
Jun
13% Mar
53% Mar
1
32%
Jan
49%
V 7% Jun
18
'
34
Dec
7}
20% Mar
;
Oct
5% Aug
Jan
2
18
61% Jun
2
22
2
22
6
26
15
2
2
13
Feb
17
July
/
25
Jan
38
Dec
43%
Apr
18% Mar
44% July 13
: 56% Feb
16
52% Aug
14% Jun
25 /
8%
Jan
11%
Dec
54'A Jun
27
17%
Apr
29
Dec
8
12%
Jan
•24% Mar
V
18 3/4 July
Feb
5'A
Jan
105 %
Dec
Jan
11%
Nov
15% Mar
203/4
Dec
3%
7% Jun
26
110% Jun
Jan 13
Mar 22
Mar 28
Jan 3
26VaMar21
34% Mar 27
102 . May 22
\ 9% Jan 3
115
Feb 2
14% Jan 3
•
100
.il
4
60
va.
No
,_No
.-No
1JVo
20th Cen Fox Film Corp
100
.
*122 %
11%
;
122
123%
16%
*104%
105
-
'A
3,000
34%
105
-1
100
:
25
'55
103
10%
18%
101 Va
No par
preferred
4%%
10,500
27%
34%
Corp.—
Rayon
Tubize
/ 300
i
Corp...
Truax-Traer
2,200
24
108%
27%
35
*104%
11 Va
123
27%
34%
V'/:
28
110
1
-—...-No par -
preferred
$6
.No par
Williams St'l
Trl-Continental Corp
:
150
'2,800
13%
,'V
24
*106%
24%
24%
*106%
Transue tc
200
-
V
2
5
://7
16
21
Jan
8
5% May
26
15% Jun
4% Jan
p
.
—j
33%
10% Feb
31
Jan
16% Jan
34% Jan
50
Apr
10
Mar
26
Jan
18 % Jan
5
Jan
/
a
17,800
6
109%
13
13%
25
20 re
*19%
5Va
109%
,
5%
109%
■
■
:.
33%
Jan
-V''/
52%
50
Apr
27%
Jan 3
July 17
13
45
,
r "■ ■'*
'.
7,000
12%
>
107
11%
16%:
20
6%
109%
*104%
11%
16% v
21 'V >
:•<
34%
>
.
123
*122
16%
16%
•
105
11%
11%
122%
•
41%
27%
34%
■■■
44%
107
:
27%
34%
-i'"'
12 Va
24%
A
34%
105
52%
/■■■'; 13%
:
34%
106
•
6%
:Wf." 27%
*104%
40%
54
*108 Va
"
13 V*
24
*106
106%* 107%
42%
12%
*20%
20%
23%
'13%
24"-.
#
40%
41%
r
*53
pv
No par
Products
17% •17%
9,100
2,000
6%
G
49
18%//
17%
43%
i ""
,
12%
*20%
18%
a
Thompson-Starrett Co.
No par
$3.50 cum preferred
—_N( par
Tide Water Associated Oil
10
Tlmken Detroit Axle.
;
10
Timken Roller Bearing
.No par
'v:
6Va
51%
12%
41
42
53
43%
J-* O 00
,6%
49%
18 Vt
53
53
53
48%
V 18%
18
18
: .18% /42%
41%
6%
51%
6
48%
*47
48
-
26%
10% Jun
16
3
2
26
2
2
2
9% Mar 27
53% July 24
10% Jan 11
25
;
:
\
5%
/ 5%
6
5%
47
preferred——50
7
9
10% Jun
44% Mar 29
6
3
x93% July 19
•
Transit Corp._No par
Avenue
Thompson
700
•
v/V
conv
Thompson (J R)
500
-
,
34"% Feb
35 % May 22
8% Apr
125
Jan
100
100
1
:
Co
div
Third
1,200
46%
47
$2%
150
14%
46%
14%
48 ',>•/
...
Thermold
2,900
••
14%
*45%
,"
■
11
preferred
$3.60 conv
55
*9%
55
9%
137:
*134%
Co.
*134%
55
9%
97
*93%
v
54
.
9%
•
139"
Coal & Oil_.
Thatcher Mfg
'
*134Va
; :
V
11
10%
10%
54%
v--
No par
10
1
100
No par
No par
No par
Pacific Land Trust
16%
16%'
Texas
16%
16%
41
*
1
new.
Texas Gulf Sulphur
7%'
7
7% Jan
7 % Jan
11% Jan
105% July
48% Jan
6% Jan
36% Jan
xl9% May
13% Jan
30% Jan
14% Mar
0
5
5
Talcott Inc (James)
Telautograph
7 'A Jan
1
Dec
33
27% Jan
•<
38% May
6
2
Apr
I per share
8 per share
8 per share
31% Mar 21
29
Highest
Lowest
Highest
6
30% Apr
No par
42%
—
Par
■
1944
Year
January 1
I per share
28
32
31%
6,000
31%
32%
32%
■
Range for Previous
.
Range Since
Lowest
32
317/s
V
:
•
NEW YORK STOCK
EXCHANGE
the Week
I per
9 per share
share
9 per
Sales for
July 26
July 25
share
9 per
9 per share
I pur share
Friday
Thursday
Wednesday
Tuesday
July 23
Saturday
PRICES
HIGH SALE
LOW AND
Monday, July 30, 1945
CHRONICLE
COMMERCIAL & FINANCIAL
THE
22
85
8%
13% July 23
28% Jun- 26.
Dec
Dec
102'A
Dec
30% May 28
21%
Feb
28%
Dec
37% May 28;
283/4
Jan
85
Jan
Jun
108
29
102
.
106% Jan
13
14% Jun
13
5%
Jun
13
68%
Jan
8%
35%
Jan
137
19% Feb
■
16
>
Dec
105 %
Jan
Dec
9%
Dec
/
Dec
118
16 %
Dec
68
Jun
U
•
4
i
t
16%
16%
16%
16%
87
86
87
86%
87
112%
*111%
113
*112
113
129%
130%
128%
130%
128
108%
107%
107%
*107
38
*127%
.38%
38%
39%
71%
112
31
*29%
8%
22%
*21%
22%
2%
2%
2%
45%
45%
45%
45%
16%
16%
16%
11%
11
17%
80
*78
*12%
12%
*25%
18%
15%
•
19%
OQ
89%.
105%
104 %
18%
25
14%
*190%
*16%
17
*51
51%
51%
46%
48
*190%
46%
:
*51
48
48
...
'
48
34%
34%
34%
34 Va
*33%
34%
112%
*110%
111%
*110%
111%
*110%
12%
12%
10%
*10%
40
50
50
30%
31
54%
53%
12%
13
12%
11
*10%
39%
11
10%
39%
*49%
50
29%
30%
2%
2%
54%
52%
54%'
163
60%
60
61
80%
81
81%
81%
81%
81 %
80%
66y4
67%
66%
67%
67%
149
149%- 149%
149
149
25
25
47%
47%
*46 %
5%
5%
5%
5%
6%
6%
6%
6%
24%t
163
.
*110%
♦17%
112%
6%
*43%
46%
88 Va
89
*87%*
*186
187
187
25%
*43%
25%
25 Va
13%
1,200
80% ,.v,
80 %
67..
66 %
149%
.
■:
21,200
1,200
150
1,900
24%
23%
23%
23%
47%
*46%
47%
*46 %
47%
50
5%
5%
5%
5%
,0%
700
6%
6 Va
6%
6 :
6%
3,500
6
112%
%
17%
17%
17%
17'A
*6%
6%
*6%
6%
■
*17
6%
*110%
*111
112
*6%
*42%
45
*43%
45
*43%
45
88%
*88
88%
*88
88%
87
*186
187%
*186
*186
187
187
25%
25%
.18
25%
24%
25%
24%
24%
24%
24%
23 Va
24
13%
13%
13%
14*
14
14
14
25
■", 23%
*13%
'
6%
44%
5
140
87%
80
187..
2,600
25%
1,500
24
14
400
200
,
,
500
300
*34%
35%
*34%
35%
35
35
34
34
33%
33%
16%
16%
16%
16%
163/4
17
16 Va
17
16%
16%
3,300
49
*49
50 Vs
49
*95
100%
*94
103
*100
*26%
5%
5%
*100
27%-
28
*5
98
*100
103
49
100
97%
10
—
*100
' '
27%
5%
653/4
66
73
50 Va
*95
27%
120
*48%
*48%
97%
5%
*64%
80
50 Va
*95%
27%
119%
49
*483A
98
5%
65%
*70
50 Vs
27%
120%
65%
*119
*49
95%
73
*120
1
*70
■»..
65%
66
120%
120 %
483A
493/4"
40%
*100
103
273/4
*26
28
400
5%
5
5
2,400
103
66
120 %
65
65%
500
*120
120%
50
■
76
*68
78
*48%
49%
*48%
49%
300
*39%
40%
*39%
40 %
600
40
40
40
40
40
156
*154
160
160
154
156
154
160
*154
*156
170
♦156
170
*156
170
*156
170
71
*70
*71%
15%
For
footnotes
see
*156
170
*156
-
10
*68
76
49%
5
71%.
73
15%
page
475.
*15%
71%
15%
*70
15%
71%
*68%
15%
15 Va
15%
15%
US
30
conv
preferred
Lines Co—
—
———
6%
30'A
110 Va
J 77/8
A
97/a
,
,
100
—1
10
Preferred
:
Foundry
Playing Card Co
/US Plywood Corp.;
tU S .Realty & Impt
U 8 Pipe &
U 8
^
20
10
Al
,
No par :.
:35
46 •
/27%
V 2!A
51V2
144'A
- 52
.10
100
.50
Rubber Co—
•
•
—
—
.
23
113
; Feb
119
29
109%
Feb
115
Jan
17%
Sep
93%
Jan
1.
/
1
92%
11
253/8
18
1003/4
Feb
28
22%
Apr
36%
Dec
28
102%
Jan
1233/4
Dec
29
Jun
27
24%
Dec
110
61
May
31
28
22
Jan
—
...
Jun
11% May 19
Jun
Jun
14
1%
Jan
25
V 31%
Apr
42%
Dec
21% May 18
8
12%
Apr
17%
Dec
Feb
ll7/s Aug
Apr
78% Aug
14% Jun
'71%
200
Wabash RR 4%%
15%
700
Waldorf System
preferred—.100
-No par
27
13% Feb
Jan
11 %
Dec
36%
Dec
75%
Jan
91%
Dec
11%
Oct
15% Jun
98%
Jan
109% Dec
8
9
2
Jun
110
1% July
26% May
20
19% July
.
45%
25
28
Jan
16
8 ■.■'Feb
21
4
Feb
18% Apr
108'A Jan
24
7%
Feb
26
97%
25% Jun
15
14%
94% Jun
12
70
194% Jun
Jan
107%
Sep
Dec
21%
Feb
88
Jun
Jan
186
Dec
Jan
15%
Jan
8%
4
7%
12% July
Mar
170
15
20% May
Oct
1
52% May 25
42
Jan
51% Nov
34%
Apr
43% July
2
:/>■/• 5
54
July 3
Jan 23
Jan
2
2
2
Jun J5
Mar 26
May
10% July
38'A Jun
2
Mar 27
Jan 22
Apr : 6
May 22
5
9
Dec
Jan
'33%
Dec
Feb
113
.Jan
16%
28
Jan
10
15% Jun
25
5%
Apr
11% Jun
11
8%
44% Apr
17
,
3
;
114
>"
Jan
Jan
Jan 2
13% Jan 10
66
6
106% July 12
9
20
9
Mar
:,V.
27
44% Jun
28
86% Mar 26
^ 90JA Jan 20
.24% Jan 8
37A Mar 27
59y8 Jan."9
,118% July.18
57
Jan 22
45y4 Jan 25
36'A Jan .16
120 • Mar 2
145
/>
88% Jun
July 18
Chemical ——No par
6% div partic preferred
100
Va El & Pow $5 pref
...
100
Va Iron Coal & .Coke 5% pfd—100
Virginian Ry Co
:
25 6% preferred
——25
Vulcan Detlnning CO
——100
^rpferr^d
1 on
Oct
•
3
Mar 27
Va-Carolina
28
47% Jun
Mar 27
Mar 26
13.
t 32
13J/8
/ 48%
70% July
24
31
21% Jan
Jun
114
Mar
6
25
Sep
110%
20% May
Jan
79% Jun
.
v
Nov
33% Nov
114
.-i.l •.>.:*25-
Norman
Dec
30
144% Jun
.
Am.——No par
Co,———.—_—2.50
Van Raalte Co Jnc——
*.10
Vertientes-Camaguey Sugar Co.QVa'
Vick /Chemical Co—.
—8:
Vicks Shreve & Pac Ry„—
100
5% hdn-cum preferred
.100
Victor Chemical, Works.—.—5
Van
104
Jun
43% Jun
55% Mar
31%. July 12
4
Jan
2
,110
Sep
Jan
: 10%
Dec
Z 30% Apr
37%
-;
Jan
40%
//"I-
Feb
25
40
21
130
Jan
v
85
Jun 20
Mar 19
48%
r
69
;
50%
27
72% Jun
Dec
May
4%
21
xll9%
Jan
26% Jun
5
22
54% July
50% Feb
6
6% Jun
26
78
114% May 28
8
Jan
0
25
47
Jan
24
20% Mar
95
187
63% July
136%
14%
r.-l
Jan
Jan
3% Jan
31
;
Apr
25
162
.
Mar
Jun
5'A
Oct
Dec
■A
18% July
6
*
41%
July
Dec
"81% Dec
"176
Nov
2$
Mar
6
.23
39
Mar
18
Jun
52
Mar
100
July
101
Jun
8
Jan
17%
*•23% Jtily
'
14 Ve
Jan
9%
12% May
7
41%, Jan
3
63%
85% July
21%
Jan
25% Aug
3%
Sep
10
18
18
10
22
Oct
Dec
•
7% Jun
Feb
85
Jan
Feb
33% Apr
Jun
'51
'
70
76
Sep
Dec
'
23
123
Nov
52
16
Oct
28
26
Jun
4% Nov
106%
Jan
68
15% Jun
73
Apr
76
.
Dec
27% Aug
'48% Dec
2% Apr
May 28
28% May
'28
^
Dec
*
2% Jan
7% May 29
Dec
61% July
"
May
44%
Dec
'
150
Apr
151% Jun
:
Jun
Nov
.48
Feb
Jun
71
Sep
9'/8
61% Jun
170
.
Fanadlunt Corp-Of
Feb
26
8
32% Jan
100 "178
oreferred
Dec
Jun
>
—
d'4.
Oct
Dec
110% Apr
98'A Jan 5
10
Jan 2
Universal-Laboratories Inc.:
♦.Ia' V 5%iJan .2
Preferred
4
:
No par
39
Jan r5
Universal Leaf Tob^
...—.No par
*75'% Jan 24
/Universal Pictures Co Inc*.
Jun
118
Jun
.
$6.conv preferred..—No par
Universal-Cyclops Steel Corp
1
Dec
Nov
203/4
1
25% Mar
33% Mar
Jan 6
8%: non-cum 1st preferred
Jan 12
U S Smelting Ref & Min—
Jan , 2
Preferred
-.50
72, Jan 18
U S Steel Corp
No par
58% Jan 24
Preferred
100
135'A Jan
2
U 8 Tobacco Co
—No par ; .23% 'July 27,
7% non-cum preferred...
25
46'A July 10
/United Stovkyards Corp—
—i " ■ 4
Jan 24
r United Stores claiss A—
•
*,.5
4% Jan 23
U 8
;
112
-
25
*24
1,800
'
60
*111
17
300
165.
23%
113
*6%
10.300
/
*5%
47 Va
*110%
2,200
■
*46%
24%
17%
18
6%
."'•A
67%
149
149
2,900
y
23%
*
.
65%
68%
150
100
53%
;
59%
81%
1,800
-
3
*163
164
60%
*160
52
100
•
29%
2%
60
163%
500
8.700
39%
29'A
3%
54%
preferred,
50
U S Industrial Chemicals
No par
U S Leather Co.
..——No par
Partic & conv el A
No par
600
50
*49%
50
30%
—_5
Hoffman Mach Corp
5 V2 %
Prior
10%
40
preferred—
7%
5
82%
109% May 10
16% Apr 10
••
77
Jan 22
: i80'A Jan 17
13% Jan 17
50
Jan 17
438% Jan 10
20
100
Co..
May
Jan
Mar
Jan
Mar
15%
Sep
9%
28
•
136
11% Jan 24
105
Feb 5
No par
No par
—No par >
U S
2,ooo
v
*
12%
39%
U S Gypsum
111%
60
*160
,
*110%
—
700
•
':
9
111%
60%
162
45%
*8%
1st preferred..
$6
10
33%
60%
162
45%
*33%
3
3
3
.:
10
U 8 & Foreign Secur
116:
2
Jan 22
Jan 5
Jan 5
Jan
F«?b
76
93% May
ll77/a Jan
2
Jan
5m "Jan
66 / May 18
•18% Jun 22
107 ;-Jan 2
6'/a Mar 26
100
100
'•
51%
30
30%
30%
54%
53%
*49%
50
*49
3%
3
39%
39%
39%
39%
*10%
11
51%
13
13
12%
12%
*10%
17%
——.
Faperboard
vU S Freight Co—
900
■
preferred
5%
:
600
190%
*17%
9
—
8,100
A;
88%
33%
33%
*110%
?-:r
15
*87%
48
9
...
United
*
''
58% Jan 3
14% Jan 24
> 78% Jan 24
xll0% Apr 27
v 111% July 11
: 20% Jan 22
109 y» Jan 24
100% Jan 24
29 Va Jan 19
s/\ 27% Apr 25
105% May 18
31 Ve. Jan 22
118 f Jan 22
22% Mar 22
109% May 25
66
Jan 2
>. 26V2 Feb 2
7% July 20
22'A May 19
new—30c
20
United Cprporation
No par
l'A
$3 preferred
—No par
38JA
United Drug Co
—
—5 *4 .15%
United Dye wood Corp—
1
9y8
"Kt;: Preferred
100 :
66
United Electric Coal Cos
.5
10%
United Engineering & Fdy
5
33'A
United Fruit Co
No par
89%
United Gas Improvement Co._.13ya
13%
United Merch & Mfrs Inc
1
22
107%
19%
Fast Corp
Cigar-Whelan Stores
Prior preferred
1,300
;
——No par
No par
Carbon Co
Un
160
190%
51%
3,100
7%
147%
17
46%
9%
14,000
19%
89
*51
51%
9%
9%
*9
9
9
*190%
2,600
109
*106
192%
16%
17
*51
192%
17%
192%
17
192 Va
200
.■
24%
24
7%
19%
88%
89
89
89
*88 Va
*16%
*190%
V
18%
109
15
107%
19%
21
-
7%
14%
*106
107%
.
*20
245
2.500
105
18%
109%
7'/a
7%
15%
15
*106
'
1,600
39
v
24%
24%
-
*109
109 %
1.1UU
80
104
18%
J
12%
'/
105
18%
/
78
12%
39
13%
40
*39%
,
'
79
79
12%
12%
7% /.
H 107%
19%
19%
14%
*106
4,400
11%
81
109
7% ;.
7%
107%
19%
11%
24%
25%
109%
109
7%
14%
11%
18%
18%
24%,
26
109
*106
10%
40
104
104
104
*108%
*7%
17 %
40
39
39
18%
18%
17'/a-'
17
'12%
104
103%
17
11%
,
57,300
-
45%
17
11%
400
,
2%
44%,
44%
*77
39%
,22
4
45%
45%
12%
♦39
2%
8%
12,200
100
preferred—
United-Carr
•'
8 "
7%
*21%
2%
2%
conv
United
300
.No par
Biscuit Co
5%
30
22%
22
preferred
4%%
United
73%
*29%
30
7%
2%
80
12%
8
22%
45%
'
11%-
*76%
*29%
2%
.
73%
73
22%
-
17%
11%
30
7%
8%
8
7%
2%
76
*29%
31
73
*112%
*73
73
*71'A
800
300
•
112
*111%
10
100
United Air Lines Inc.—
6,800
26%
26%
27'A
112
—100
preferred
No par
United Aircraft Corp—,
5
5% conY preferred
100
500
125 '
125
127%
27%
112
*111%
non-cum
''
Y'
>
Carbide & Carb——No par
4%
10,200
38%
37%
•>!
.
Union Tank Car
800
r;
107 %
107%
"38%
127
27%
*26%
27%
*111%
112
37%
30,:y;
28%
28%
,
108 %
*107
: 131
*128
129
*26%
29%
28%
108%
2,800
300
108
*29%
30
*29%
29%
•
*106%
22%
•:V
oq
28%
107%
...
26%
*29%
30
29%
29%
28%
60
.<£?;'•
129%
,
—No par;
—No par
—
$5 pfd_..No par
>
Preferred $4.50, series,
—No par
Union Oil of California
.
25
Union Pacific RR Co
100
4,000
22
1
''
r ;
Paper—
Union El Co of Mo
20
113-
21%
22%
*107%
29%
133
71%
112%
:•
..
111%
111%
*112
112
21%
107%
38%
*111
Union
108%
29
26%
4,700
129%
30
38
86
'22%
108%
*127
85
.22
108
28%
86%
>
128%
22%
130%
30
Union Bag &
112
22
21%
16%
2,700
*107%
22
108
*107%
112%
112
1,800
16%
>
*111%
"
130
;
r
.
112%
*111%
112%
*112
61%
16%
85
16%
88 %
*111%
61
*61
16%
'«
.Underwood Corp
62%
16%
62
61%
62
61%
62
62
7'
f
50
,
-
113%
5% Mar
62% July
Sep
120
Jun
Aug
63
Nov
49% July 25
37
Jan
45
Dec
July 10
Jun 12
33
Apr
38% Nov
,102
Jan
125
Oct
147% Mar 26
149
Feb
155
July
Jun 21
40
Jan
68
Dec
10%
Jan
14%
Dec
42
163
77
16% Mar 10
38%, Feb
"
Volume 162
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4407
RECORD
YORK STOCK
NEW
Monday
I
Tuesday
July 22
Saturday
July 21
July 24
I per
per share
"32
19
32'A
68
:
20%
•20
31%
31%
31%
105%
*105'/4
105%
*67%
68%
65%
20
1%
v
62%
62
16 %
15%
16%
16
16
34
*32%
33%
1%
"32
2
Walworth Co
200
Ward Baking
*2%
15%
*27
27%
300
Washington Gas Lt Co—
*20%
20%
20%
20%
20%
20%
20%
20%
35%
35
35
35%
35%
109
109
116%
'
1
i*
45%
9%
.116
108V2
108
115%
115%
.
n28%
*28
28%
112
•111
112
.
-
116
45
45%
115%
240
*107
>; 108%
^90
*115
•
U51/2
100
«
9
;
47
26%
»
83
,
.;
28%
*27%
28%
28%
28
28
•
';i
32%
31%
32=
,
31
/; 31
*31
31
3i
31
109
108
107
107
*107
>
80
*
<i
45%
S.
:
82 .;
45%
28?;t;
*26%
47%
77i%
103%
37%
37%..
94%
94%
*23%
29
14%.
4,100
45%
Preferred
20
28%
Westinghouse Air Brake——No par
4.2D0
31%
19,600
■43
43%
*30%
32
29%
•
14%
94
...
; •
8%
;;5
8%
8%
36%
93%
-
24
14%
*8i%'
*87
23%
23%
14i%
8
*
Feb
113
Dec
85%
Apr
103
Jun
26
18
37% Jun
30
'
•
{
White Motor Co—-
White Sewing Mach Corp..
$4
Prior
33%
8y8
8%"
23%
24%
32,860
Willys-Overland
13%'
34
11,500
101
*100
*100
101 i/a
45%
44
55 %
54
'
90
90
95%
*93
91
.»
•89
£
v.
17%
■/;
37
*36%
16%
16%
i
*70%
17%
:
91
//
17%
16%
44
•
70
17%
17
17
=7
35%
36,%
1,000
15%
16 %
21%
21%
1,200
44%
46 Z
46%
6,200
21%
-
par
69% Mar
32% Jan 24
Tale ft Towne Mfg. Co
25
York Corp.
.1
Young Spring ft Wire..—.—No par
Toungstown Sheet ft Tube—No par
'< 5%% preferred series A
...100
21%
'21%
21%
21%
46%.
46%
45%
46%
107
107%
107%
107%
•J07
1071/*
*107
107%
107
350
23
23%
23
23%
23
23%
23
23 y8
23
2,800
Toungstown Steel Door—
35%
35%
35%
35%
35%
35%
34%
35%
9%
9%
9%
10
asked prices;
no
•
46%
10
9%
fin receivership,
sales on this day.
a
34%
10
34%
1,700
9%
9%
8,600
;
Deferred delivery,
Transactions at the Hew York Stock
■
n New Stock,
t
Cash sale.- » Special sales.
.
■
Number
Week Ended July 27,1945
of
Shares
1,440,520
924,250
5,670,600
4,398,000
4,374,380
$23,981,600
;
;
Total
-
.
Stocks—No. of shares
4,374,380
Sales
4,883,000
Tuesday-
14,000
5,176,000
Wednesday—.1
8,600
5,883,200
4,590,500
$72,600
$24,962,700
Jan. 1 to
218,901,189
158,752,490
14
Deo
13
27% Mar
42% Jun
36'% July
9>/4
Apr
15%
Jan
20% July
/ 51% Jun
26
33%
Apr
42% July
106% Nov
% Jan 22
96
Jan
28
13
Jan
Feb
15
33% Jan
12% Jun
11
3% Jan
Mar 21
110
19
25% Jun
Mar 26
42
20%
July.
Deo
44% July
6% July
y Ex-rlghta.
x-Ex-dlvldenda.
/
Foreign
25,000
65,000
5,000
253,000
42,000
1,000
296,000
1,360,810
$1,626,000
$147,000
$8,000
$1,781,000
closing averages of representative stocks and bonda
the New York Stock Exchange as compiled by Dow, Jones & Co.
-Bonds10
Second
Utili¬
65
Indus¬
Grad#
Grade
ties
Stocks
trials
Rails
Rails
10
Utili¬
Total
40
ties
Bonds
Bank of the Manhattan Co
Holiday
10
100
10
—
100
Central Hanover Bank & Trust 20
National
Bank
$2,991,000
Hid
29 %
77,000
26,000
Trust
Co
—
32.64
61.92
106.52
115.12
97.96
108.48
107.02
Continental Bank
32.66
61.93
106.55
115.04
97.92
108.49
107.00
448
47J/2
460
49%
116
121
113 %
116 %
40 Va
42%
10
54
56
20
163.44
57.64
32.81
62.57
106.56
115.01,
97.95
108.41
106.98
160.91
55.71
32.22
61.26
106.66
114.79
97.56
108.44
106.86
160.92
56.35
32.30
61.48
106.60
114.50
97.45
108.46
106.75
—
Corn
&
49%
52%
24
26
Trusts—10
Exchange Bank to Trust_20
54
56%
Empire Trust
50
93 • ~ ; 97
Fiduciary Trust __t
33% *
35%
plrst National' Bank
100 1,815
1,875
—
$87,850,000 $109,299,000
24,481,000
6,601,000
701,000
647,000
$3,094,000 $113,032,000 $116,547,000
Ask
4sk
31 Va
Commercial National Bank &
56.99
40,498,592
City Banks & Trust Cos.
15
Chemical Bank to Trust—
56.95
1944'
1945
67,185,852
$1,781,000
Chase
480,000
/ Jan. 1 to July 27
1,670,132
8,000
Brooklyn Trust
;
$1,626,000
Foreign corporate
Bankers Trust
311,000
1944
147,000
Bank of New York
341,000
11,000
>-
Par
the daily
10
$353,000
1,360,810
Hew York
First
Total
$2,000
410,000
—
—
Stock And Bond Averages
10
Corporate
286,000
$39,160,800 $1,575,439,310 $1,787,592,100
Total
Foreign
Government
366,760
—
Bonds
1,715,223,900
-Stocks-
Bonds (Par Value)
238,165
Stocks—No. of shares————
1,510,458,300
Dec
1945
36,745,200
26—
13
Week Ended July 27
4,759,138
Holiday
Nov
28
20% Jun
14%
1944
23,981,600
•
Dec
74%
19
July 27
1945
1944
.
161.73
Nov
91%
Apr
$4,000
—
:
-—:
Total
Domestic
161.65*
84
58
Feb
Foreign government
24
25
Jan
69% Jun
$347,000
330,000
...
68,323,500
23——
49
May 31
Domestic
Friday
$4,044,700
July 21_
July 17
99% Feb 27
212,720
...
61,178,160
Rail¬
L
Oct
Shares)
.*
Thurscday
12,000
;
$3,802,850
roads
NOV
232,620
27,000
$237,600
trials
82 ya
Holiday
2,178,000
Indus¬
41 % Nov
Jan
18% May 19
34% July 26
5% Jan
2
;
908,500
II
Jan
47%
310,545
Monday.
$72,600
20
20%
16
Saturday
Bonds
30
17
Apr
,
25
20
July 27,1945 ■'• /';
U. S. Government
$24,962,700
Sep
July
44%
or
Week Ended
Foreign
Railroad to industrial
July
24
Apr
36% Jan
(Number
$4,430,000
$11,000
Week Ended July 27
1945
19%
17
105 y* Jan
Bond
Bonds
$908,500
637,840
617,070
—
$4,292,000
4,618,000
5,003,000
14 y*
125
Sep
13
39
No par
Total
Government
Foreign
Bonds
,
754,700
-
123
Stocks
Holiday
$127,000
v 238,000
159,000
204,000
180,500
Saturday
99 y* Nov
10% Jan
7
Daily, Weekly and Yearly
United States
and Miscel.
Bonds
,
80% Jan
Transactions at the New Ycrh Curb Exchange
Exchange
Railroad
Stocks,
Jan
Apr
SO1/# July
lll/a July
19 y* Jan
wd When distributed.
-
Daily, Weekly and Yearly
1
17% May
9% July
Feb
8
Dec
13 Yb Jan
.
Zenith Radio Corp— .
No par
Zonlta Products Corp..—.—
1
9%
.
.
6
25
July 13
94
9
13 '" Jan 22
—B
Wyandotte Worsted Co
5,100
' 21%
No
(Del)—.No pat
24
Dec
July
78
5
16%
21%
9%
90
24
37%
Dec
4% Jan
59% Apr
Jan
15%
Oct
31 y*
1
Jan
37
87%
Jan
V 48% Jun
75
16%
/
Jan
40% Jan 24
80
1,900
29% July
Jan
15
.10
Wright Aeronautical./.
Jr
Feb
5
26
6
3
'Wml
20
x64%
Jun
132 Va May 24
31
Jun 26
15
200
70
,
>
Jan
Wrlglev
22
22 % Jan
Prior
lft
92 %
Feb
30
Jan
100
Jan
18
Jan
79
89
66%
16
38
95%
89
96% May 14
26% Feb 15
26% Jun
100
pfd 4%% series
Prior pfd 4% % Conv series— 100
*91
:.
32%
103% July 12
Worthington P & M (Del) —No par
300
July
Feb
34% May 31
10% Jun
6
2
77
20%
16% July 13
2,200
54%
90
Dec
26
Jun
43
33% Jun
Woolworth <F W) Co
*53%
July
107% Nov
.10
...
Dec
32
Jan
111
104% Aug
94
8,400
*85
72%
*70%
*36%
38
16%
93
•/;•;•■.: 43%
13% Jan
105%
17
36 Va
Jan
97% Jan
2
128
29% Dec
27
101% May
59% Feb
/
15
pfd— .100
Apr
5
16% Mar 26
.10
Woodward Iron Co.
300
*28%
1
—No
Co—i
21
19
23
10% Jan
3IV*. July
31 Va Dec
Feb
3
; 97% Jan
53% July
22% Jan
25%
78.
6% Mar 26
par
Dec
Feb
107% Jan 15
83% Jan 15
—No par
Wisconsin. El Pow Co 6%
17
73%
17 %
*36%
V
88
*89
73%
17 %•
55
*91
91
♦89
53%
»
89
r;93 y-'.;V
93
'
91
*70
76
fc 17%
95%
>
-
441/4
44%
551/4
$ 89 -j?-.
90
-
-
'
44% /'•
88
44'%
541%
•
28%
Motors
preferred—-J
Wilson-Jones
660
*131%
28%
.
54%
44%
**
29
16%
•*16
.16
••
$6
Dec
,
110% Apr
4
9
Jan
31% Dec
66%
113% Jan
Jan 19
30
29% Dec
65
41
33% Apr
-.
July 23
8% Jan
Dec
6% July
ley* July
27
Jun
50% May 17
36% Feb 16
*•'
3
,
37 Ve
Jan
37% May 17
'
26% Jan 22
.'..1
..1
Wilson & Co Inc—L
100
7%
29% May 25
x31% Feb 15
6
21% Jan
-20
Dec
50% May 29
87% Jan 24
—3
K
-
92
64
No par
Oil -Co
Wilcox
700
,
*131%
*28%
29
preferred
preferred—
conv
110
26% Apr
3% Jan
57% July 10
2
102% July 9
31%'Jan 24
—1
3,600
3,000
92,
'
*32%
■
300
13%
*85
34
;'f- 8
320
2
Mar 26
106% Jan
.
Feb
18
July 13
2
108
No par
—
July
28
14% Jun
Sep
28
103
50Jun
Dec
118%
16% Jan
26
30
Dec
28
Feb
113% Apr
16
13
27% Feb
Wheeling Steel Corp
.No par
$5 conv- prior pref
;—No par
White Dental Mfg (The 8 S)
..20
2,900
- •
24
29%
•
94
preferred
$4.25
y
113
31% July 27
:—-—u-No par
141/a
-16
*131%
*28%
29
V
*87%
July 27
66%
Apr
31% Jun
30%'July 26
24%
16%
16%
*131%
*88
July
July
July
July
Dec
10
Jan
Instrument——12.50
Elec
13%
"
1011/2
*100
-
?
16%
*16.
16%
;
44%
Date—
102%
118
37% May 12
22%
14%
101 ;•« ioi
102
ifc.r
24%
14%
37
13%
14%
92
r
*32%
8%
14%
-
54
on
Jan
108% July 12
8
27% 'July 18
.
Wheeling & Lake Erie Ry...—100.
5%% conv preferred
„_10Q
40
AO
;
X23%
-
30
14
i
22%-
23%
'
listed
Jan
18%
83
July 13
12%
$4.50 preferred
60
77%
104%
•102%
Weston
•30
*107 >•? 108%
;>•: »72 J.y.
37%
29
*
34
*32%
34
*32%
34
•131%
are
77
14
117
26% Jan
.
Dec
28
July 18
30% Jan
Westvaco Chlorine Prod—..No Par
500
IO91/2
new_50
Preferred
1.020
1,100
31%
*•94%
*23%
14%
.
31%
*107%
•
107%
361/4
y
92
•87%
92
108%
75% '••751/4
29%
V
14%
h' OF;
Westinghouse Electric Corp
85 %
Dec
Jun
Feb
87
109
44
.—No par
31%
Jan
34% Jun
8
64% Jan
——TOO
series1A
Class B_
'
Below
10% July
25%
13% Feb
Western Union Teleg class A-Norpar.
5,800
28
■
31%
;
*
14%
5,700
84'
32
•
23%
29%
:
*87%
89
23%
24%
15%
22%
46%
"
28'/4
-
-
*102% 104%
94%
29%
ife'8-V-
25
31
v
'
37
/
*32%
=
30%
107%
107%
*75%
94%
24%
*87%
1.3Q0
24%
*107
36%
94%
14
Thursday
Friday
Jan
Jan
4% Jan 22
45t
Western Pacific RR Co com—No par
j :••
42% .'-43%
109%
103%
V
80
104%
*23%
Tuesday
Wednesday
6%
22%
17% Mar 27
Supply Co
^-10
Maryland Ry
100
non-cum 2nd preferred—100
Aug
22% Dec
29% July 11
2
32% Jan
Auto
Dec
~2~5~
15% Apr
22% Mar 21
Western
•30%
32
31%:-.;.
*107
108%
-
*75%
.'
37%
-
Air
Western
5,100
31% i: 32%
-
r
*107%
108
-
♦103%
104%
94%
Monday
Apr
23
Jan
106
—1
Inc—,
Western
800
9%
•
9
v-i:1'-
■/a.,28% y 28%
43%
43
V
43%
43 &■
/
31
*103%
Linetf,
1,600
44%
-
'
108
and
22%
2
July 17
24%
'
9%
*26%
28%
'
•Bid
9
19
Jan
451/4
,?r
81>. --f" 84%
«■
32%..
32
*71
July
20
101
*44 '=.
25% •--26 %
:
28%,
43%
•93
15
36%
24% Feb
115
*23%;
45% * 48%
■
32%
31%
*75%
•
'p, 9
.
281/2
*
43%
29
62
Apr
Feb
39% Feb
.—...TOO
23%
> :>•
47%/, ,5' 45%
46%
*29%
*16
Jan
11%
22%
109% Jan 26
West va Pulp St Pap Co- —-No par.
J100.
•6^- preferred
'•10
45
8
7
11% Mar
pfd—TOO
—
West Penn Power 4% It
500
112
.
preferred——
6%* preferred—u
22
Jun
3
100% Jan
par
—.100,
7%
-
Jun
2%
'27% May
2
84% Jan
.
Feb
11%, Mar
25
23% Mar 26
fi,-No
1%
10%
May 10
24
Corp-
17
18% Jun
Mar 26
9
No par
Indies Sugar
Jan
70
July 17
30% Jan
.
No par.
West Penn Electric class
'50
*111
.
,
45
-
49%
*27%
28%
31%
*
'
28%
28%
27
-
...
83% •83%
'
46%
46%
9%.
•
461%
;
45%
47:;.:'o
•27%
*100%
•
IHIZZZ—1
$4 conv preferred
West
7,600
28%
v
108%
*23
45%/;
9%
25% : 26%
85%
29
27%
86
29%
107%; 107%
■
;
28%
-i: 112
;
♦111
24%;/
83
.
'I
48
84
;
24%
45
27
' •
24%
9%
46%
37
"28
-
...
1,000
.Wesson Oil & Snowdrift
"..
108
116-v,
116
*107
23%
1
97/e
46%
116%
116
116
Inc—
Tobacco
Jan
8
37% May
18% May
9
24% Jan
par
7%
*
24%
45%
24%
27
108%
116%
1.
Webster
v.
109
'=
'
Wayne Pump Co
1.500
115
30%
.
No
5
18
108% Nov
Aug
May
Mar 26
13
Waukesha Motor Co~
600
9%
*85%
87
.
*108%
108%
*111
112 '
112
!='->-.■■■
29
31
•«»*-
20
600
35%
27%
27%
271/4
*851/2
86
•
109
*28
28%
28%
10
35%.
9%.
36
30'/2
116--
108 %
27%
27%
-
,
*85
116
116%
108%
,
,
'
9%
31
108%
116
116%
*35
9% -10
mih* m <m
<
Pictures—
Bros
17%
Jun
Jun
2% Apr
15
15
preferred
$7
24
12
14
2
Warren
20%
27%
par
.1% Jan
900
35
86
B——
•;
15%
15%
30%
*108%
No
29 % Apr
27%
*2754
NOV
110% Apr
2
57% Jan
15%
*85
X2G
9% Jan
50
271/4
86 •
Jan
par
.---No par
Pipe
Petroleum Corp_
15%
31
20% Feb
No
Warren Fdy &
27%
27%
19% Apr 16
8% Jan
2
.No par
100
15V8
30%
-No par
Co ci A
32%
*2714
27%
preferred
32%
15%
*85%
NOV
33Va
27%
.9y«
68
*32%
*2754.
97/e
Feb
24,200
15%
9%
48
16%
Warner
Dec
Nov
27
62
27%
*9%
Vt
31%
Apr
X105
Apr
62
700
26%
8
6
72
15%
/
■
May
61% Mar 27
106
16%
■■■•
35
t per share
par
62
*
15 %
Class
2,200
21/4
*2%
2%
I per snare
I per share
30% Jan 24
July 11
par
100
No
G & W
(Hiram)
15%
20%
iv
Div redeem
10,400
Walker
'•,900
62
15%
-
300
11%
10%
*10%
27%
,
201/4
10%
IO1/2
%
34
*32%
*19%
v'
11%
62
16
66%
20%
*10.
2
62%
1%
*61%
2
62
31%
105%
65%
10%
11%
10%
-No
Walgreen Co
4% preferred
1.200
31%
i-
*18%
20
10%
10%
10%
10%
10%
■
20
V
io%
U
f per share
*1051/4
'
67
Year 1944
Lowest
Highest
Lowest
Shares
31%
*105 %
67% "
:2o.
y :i
10%
10%
•10%;
32
67%
Range Since January 1
Highest
STOCK
YORK
EXCHANGE
the Week
t per sharp
9 per share
106
*105%
106
68
July 27
July 26
$ per snara
NEW
Sales for
Fridav
Thursday
July 25
9 per shara
share
*105%
Wednesday
/£•>..:
Range for Previous
STOCKS
LOW AND HIGH SALE PRICES
Fulton
■J
210
190
Trust-
200
344100
335
18?
-10
17
,100 1,800
1 ,850 v
46;
Lawyers Trust
—
—25
43_
60%
Manufactures Trust Co com__20
58%
314
Morgan (J P) to Co Inc
-100 305
44%
National City Bank
12%
42%
109%
New York Trust
25
106 %
47
Publi* Nat'l Bank to Trust—17%
45
"80
Sterling National—
—
77
12 y4
Title Guarantee & Trust
12
11%
United States Trust—
100 1,490
1 ,550
Grace
—100
National
Guaranty Trust
Irving Trust
Kings County Trust
,
—
'
Monday, July 30, 1945
CHRONICLE
COMMERCIAL & FINANCIAL
THE
476
~i
Mew York Stock Exchange
Bond Record «»
yearly;yy.::B
weekly.-
&
X*.
»«.T. * «,.
»** — * «. - -££■ —
co.^
Friday
BONDS
Period
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
2s
2s
2s
2s
Treasury
Treasury
-
]%s_
IVis
Treasury
Treasury
Series
No.
*108.5
108.7
*102.2
102.8
103.27
3%s
Series
No.
*102.8
102.4
102.10
102.26
103.20
3%s
Series
No.
*109.20
109.22
3%s
Series
No.
J-D
*102.5
102.7
103" 19 103~19
3%s
Series
No.
19
M-S
*111.13
111.15
111.4
' 111.27
3%s
Series
No.
20
M-S
__
M-S
.
100.11
*105.14 105.16
*100.9
„
J-D
*109.23
*113.1
*114.22
*100.24
M-S
105.22
el06.25el06.25
107.23
107.23 107.23
__
J-D
,
M-S
*105.17
J-D
J-D
*102.11
100.18
102.15
A6s
: 3
v.
100.17
102.9
External
100.28
External
101.7
101.24
3%
105.17
Canada
107.8
107.26
25-year
3'As
30-year
3s
3s
J-D
*103.13
M-S
*102.2
J-D
*104.12
104.14
*102.20
*102,21
102.23
102.21
102.24
102.21
*102.21
102.23
102.21
J-D
M-S
_.
J-D
>
.
103
100.25
103.3
102.20 ,i:,i>X\ 3
100.17
J-D
102.19
•
«r*
101.9
101.23
101.4
10
101.4
101.4
10U0
New
/
City
York
,
;.:V
Unification'Issue— V
Corporate Stock
;
3%
■
ii93/8
J-D
—1980
1127/a
45
U9% 120
>.
122
-Ak
..l
CD
■'
••■'.
•■•^.■
■■
''•
106%
108%
't
104% 104%
102%
106 '/a
*103% 104%
102%
106'%
*101% 102%
102
102%
*103% 104'/a
104
105%
103%
105'%
J-J
*39
*19%
20
M-N
19%
8
17% .19%
A-O
19%
19%
1
18%
19
19%
9
17%
19%
18%
22%
19%
19
193/4
1 9
19%
19%
19%
16
Members New York Stock Exchange
Telephone
V; > • Teletype t
New York yvvi Mw;*NY 1-1693
\
^
.
■
Broadway,
*19
A-O
Municipal
&
Agricultural Mtge Bank
AGtd sink fund 6s
AGtd sink fund 6s
(King of Norway)
Akershus
AAntloqula
A
(Colombia)—
*66
M-S
*91'%
93
J-J
*353/4
37
363/4
f. 7s series D
!
'•
J-J
*353/4
J-J
79
82
38
35
38
'V
34
37%
*353/4
•-'
34
37%
%
*353% 37
J-J
•'
'
40
30
A-0
'30
J-D
103
1948
1971
1972
M-N
1023/4. 1023/4
M-N
100
F- A
94%-
94%
6
S f extl conv loan 4s Apr
1972
Australia (CommonwTth) 5s of '25.1955
External 5s of 1927
1957
External g 4Vis of 1828..
1950
A-O
94%
94'%
4
1949
M-S
104
1953
J-J
102%
1953
J-D
107%
1941
J-D
1978
J-D
4Vis
loan 4Vis
f external
S
f
conv
8
f
extl conv loan 4s Feb
Belgium external 6Vis
External
s
f 6s
External s f 7s
lABrazll (U S of) external 8s
r
J-J
105 %
19%
J-D
18%
18%
18%
18%
10
.17%
•J-D
18%
18%
,"1*5
17%
18'%
18
18%
18%
18%
.^11
J 17%
18'%
17%
18%
17%
18%
J-D
.
,
105'%
1
.';••
..
90
30
99%
90%
.
99
i99%. 107%
105 %
100
17
103
22
100%
104
100%
102%
105%
104
95'%
3
99'% 100
99%
101%
95
4
100
103
100'%
1
105%
109%
'
'•''
70 %
693/4
70%
68 V4
68%
68%
V**..
-
,
59'%
3
73%
Stamped pursuant to Plan A
•-v-
(Int reduced to 3.5%)
s f 6Vis of 1926
,
.1957
AExternal
Stamped pursuant to Plan A
(Int reduced to 3.375%)
s f 6'/2s of 1927
A-O
1979
1957
(Int reduced to 3.375%)
1979
1952
J-D
1978
*
A-O
Ry)
70%
57%
71
3
57'%
•
A-0
J-D
AExternal
53
10
673/4
673/4
•
J-D
1961
M-N
M-N
18%
18%
M-S
18
18
..I960
M-S
1951
J-D
A-O
1928
Oct 1981
1927
Jan
v-'
76 Vi
77
77
/// 6
55%
56%
1970
A-O
.1947
1940
A-O
*46
M-N
*46
.1947
F-A
*46
bonds
(Rep of)
7s__
83
*35,
*108
1949
-F-A
111%
V
-
J-J
mm
J-D
*150
(Rep of) 8s ser A.1951
1961
*110
5%s
1st
Finland
French Republic 7s stamped
7s
unstamped.
Greek
A 7s
A 6s
Haiti
MS
A-O
M-S
*101%
100%
101'%
A-O
*101% 102%
100
102
A-O
*101% 102%
J-J
paid
*53
—
s
1952
...I960
1 6s series A
j.960
106%
18%
18%-
16%
20%
17
17%
A-0
97
A-O
*88
20
97
17
*
M-N
1
14%
96
82%
96%
100%
101 %
„X
(Central
A7s
♦
70%
(Int reduced to 3.5%)
A
reduced to 3.375%)
1979
External $ bonds of 1944 (PlanB)—
J-Vis Series No. 1
—
(int
Series
No.
*20'/a
23
12'%
*30%
31%
30 V%
*
99
94
1943
M-N
12'%
12'%
14%
10%
11%
Mendoza
Mexican
A4%s
A
(Prov) 4s readjusted
Irrigation—
stamped assented
to Nov. 5.
Assented
1942,
J-D
*12%
*11%
agree
69%
For Financial
Institutions
No.
No.
3
4
Series
No.
5
3%s
Series
No.
6
.
,
**7'iS Series
No.
7
Series
No.
No.
Series
No.
Series
No.
3%s
Series
No.
3 'ms
Series
No.
footnotes see
63%
52
67%
70
52
69
60
e74
e74
2
53
73
74
74
74
1
51%
74
1
52%
74
74
75
12
52
75
*61 Vs
64%
52%
FOREIGN SECURITIES
70
51%
66%
..
51%
66
51%
68
50 Broad Si.,
68%
*61 Vi
*61%
*61%
480.
.
>
SPECIALISTS
74
74
14
P.O. me. [
72
e74
u
rjun MABES &
68%
'63'/8
11_
12
68%
MARKETS
68
52
FIRM TRADING
68 %
52
*63%
9
10
page
52
64
—
3%s Series No. 13
For
64
63%
...
8
Series
63%
63%
Series
Series
3%s
641/4
SECURITIES
66
63%
2%s
3%s
52
63%
3%s
334s
.
FOREIGN
A-O
2
3%s
a'As
68'%
64%
102
A-O
J-D
73%
funding bonds of 1931
6%
Stamped pursuant to Plan
23V4
90%
1357
stamped pursuant to Plan A
*
25
100
1954
1954
(State Mtge Bk) 7s
(Colombia) 6%s
66
59'%
54
4
•,
AMedellin
-71%
52
62%
70
98
108
AJugoslavia
Stamped pursuant to Plan A
■
60
97
«•
*108%
J-D
1958
Helsingfors (City) ext 6%s
Irish Free State extl s f 5s
44%
60
*97
M-S
1964
paid
(Republic)
95%
101 %
*101%
Government—
part
part
99
100%
*101%
A-O
99
80
77
91%
1967
1945
1949
1949
7s
ext 6s
(Rep of)
1
115%
115
81%
1969
series
series
(Republic of)
AEstonia
94%
,
157%
1969
Customs Admin 5%s 2d series
5%s 2d
13
*89
111%
111
72
943/a
94%
F-A
105%
74
115
115
A-O
413%
110
154
93%
93%
J-J
89%
110
13
'•
155
*110
A-O
A-O
94
70
108
mi
*112%
1943
ASinking fund 8s series B
1952
lADenmark 20-year extl 6s
1942
External gold 5%s
^
1953
External gold 4%s
:
1962
lADominican Rep Cust Ad 5%s__.1942
§ A 1st series 5%s of 1926
1940
8 A 2d series sink fund 5 Vis
1940
50
72%
,31%
1113/4
111
J-D
1953
5%s
ACzechoslovakia
2
,?7
1977
debt
50
;
*108
external
58%
*49%
42
17
85%
77%
41%
-^8
■
83
MS
'i 773/4
-
41%
85%
M-N
18
35
69
'
M-N
1949
(Republic of) 5s of 1914
16%
48%
85
x't*"v/
J-D
1952
1953
1951
-
18%.
17%
683/4
4
76%
76%
J-J
1981
18%
'18'%
;
26
18
33%
33
33
M
18
*17%
.18%
•18
1
■
A-O
1960
Copenhagen (City) 5s
25-year gold 4%s
*1
A-O
1962
f $
2
18
1962
;
:
■
66
52
67%
A-0
'«
•
*18
..1961
sink fund 6s
of
33%
86%
105
103'% 103'%
M-S
M-N
105
323/4
33%
30
*30
33
30
1
30
30
A-0
S
71'%
35
'
■
A-O
1st series..;—1957
j. AExternal sec s f 7s 2d series—1957
AExternal sec s f 7s 3rd serles„1957
AAntwerp (City) external 5s
1958
Argentine (National Government)—
AExternal s f 7s
V
,
V'
■
..
71'%
62'%
*66
^..1943
1943
1943
External s f 7s series B_
AExternal s f 7s series C
s
F-A
A-O
1943
4s
(Dept) coll 7s A
AExternal
61
1947
1948
1968
19%
19'%
19%
of
wks
19'%
18%
17%
*193/4
A 6s
A Public
19%
19%
M-N
Sinking fund 5%s
Govt.
:
17%
M-N
(Republie of)—
Rica
Vi
19
.
1957
1961
1961
(Hukuang Ry) 5s
4%s
Foreign
19%
19*7
assented
A Costa
19'%
17%
18%
>:i
1963
A7s assented
Cuba
19%
17%
.18%
1
External loan 4%s
120
REctor 2-2300
„
M-S
ASinking fund 7s of 1927
Wertheim & Co.
•
19%
17% .19%
19%
18%
26
19
Mtge Bank 6%s
ASinking fund 7s of 1926
%
19%
18%
19
J-J
sinking fund 6s-_....1963
s
70
36
70
M-N
J-J
assented
external
19
103% 104
1037/s
*19
3s
76
J-J
1961
A Colombia
■•'•'•■•
96%
M -N
J-J
1961
A 6s
•
V
1961
Bank fi»As
A6%s assented
;
ASinking fund 6%s
v
A6%s assented...
-•
•
107% 108
J-J
Jan
^Chilean Cons Munlc 7s
'J-
Securitie:s
Foreign
111%
Jan
;
Colombia
-
109%
Feb
,
AChlnese
.
A-0
111% 111%
A-O
A 6s
..
63
F-A
AGuaranteed sink fund 6s
V
73
A-O
A6s assented
■
83
*68
1962
A Guaranteed
.
80%
J-J
F- A
6s assented:
A 6s
95
92
Feb 1981
6s
assented
AExternal
i
92
/:
94%
93%
M-S
A
80%
93%
1942
.1942
1960
f 7s
f 68
s
95
80% >94'/a
75
92%
92
1961
A 6s
assented
Sep 1901
AExternal sinking fund 6s.
1982
-v-iw-.~
••
■■
101.18
*101.16
V
J-D
-i
.
h
M-N
AExtl sinking fund 6s__^Sep
107L5
;
95
*88%
F- A
i960
fund
assented
ATly external
106.25
.
s
sinking fund 6s
sinking
A 6s
;:
A-O
1954
8s
assented
A 6s
102.10
*102.17
;
J-D
103.2
11
*106.23
J-D
A 6s
AExtl
102.22
102.19
102.19
:>■•*■'
(City)
External
A7s assented
10"l"29 10374
•'>
91
.
1984
30-yr 4s.
(Rep)
AExternal
^
102.22;
102.22
*102.20
J-D
MS
J-J
102.27
v."l'
•
M-S
M-S
103%
100%
J-J
104.24
102.21
100%
1958
104.24
9
1
*95
1953
AChlle
102.21
M-S
100 % 100%
MS
F-A
13
ACarlsbad
•
J-D
15
102.9
——
101%
102%
Jan
102.9
.
97%
Jan
103.28
68
; 53
95%
3s
101.12
68
7
3s
100.28
— —
101
100
15
104.9
a—
67
633/4
*100
,—Jan
100.27
102.22
__
fi'.'J;..
66
52%
M-S
1960
1961
1967
1968
1948
102.20
102.4
51%
1973
f 4%-4%s
(Dom of)
30-year
2%s
103.15
•
s
s
external aft bonds
2
101
100.28
Refunding
External read) 4%-4%s
102.3
.
-
-
643/4
100%
1976
1976
f 4%-4%s
102.7
102.2
103.28
y'T'.
51%
.
1977
t 4%-4%s
s
100.15
l
104.5
65%
65
68
1961
stamped
2
104.5
M-S
52
*61%
1957
1958
1950
100.18
•';
■••i.t
1C4.2
el08.18el08.18
67
643%
*61% 1
*61 %
f 5s
100.10
1
107.8
*104
68
51%
I
100.30
J-D
51%
66%
'■•61%
'
J-D
J.~ '
67%
.
'
2
104.12
*61%
-.*61%
5
7
51%
(Province of)—
Buenos Aires
66%
51%
*61%
4
101.21
66
52
64%
;
Sinking fund gold 5s
Sinking fund gold 6s
107.1
103.4
101.30
107.8
s
■
51%
66
61 %
30
No.
(City)
107.1
101.12
J-D
Series
100.28
102.11
*104.10
M-S
3 %s
Brisbane
2
101.7
J-D
107.15
107.25
«;
102.2
.101.19
M-S
107.1
.
.
66
643/4
61%
29
No.
68
51%
*61%
28
Series
67
51%
63 %
*61%
27
No.
107.23
'
101.11 101.23
^•;._
No.
Series
3
101.21
J-D
Series
2
102.1
J-D
3%s
67%
59
*61%
26
114.19
67%
51%
12
.
*61%
25
No.
3%s
107.3
/
J-D
No.
Series
3%s
102.30
,
M-S
Series
3%s
113.2
'
J-D
3%s
113.27
51%
'
24
No.
113.7
105.19
*107.1
__
Series
3%s
High
Low
643/4
*61%
,3%s Series No. 23
100.26
*102.28
M-S
/
*105.20
.
/
M-S
110.15
Sold
No.
*61%
22
106.11
62
61%
21
No.
112.21
114.24
J-D
No.
Series
112.10
113.16
J-D
Series
3%s
105.14
—
•".
.
*113.14
...
3%s
101.17
109.25
y>j'.
113.3
J-D
114
100.13
.
109.25
M-S
112.27
1
113.24 113.24
__
M-S
—-
Range Since
January 1
Bonds
643/4
*62%
15—
16—
17
18
ACbile Mortgage
>'
Transit
Week's Range
or Friday's
Bid & Asked
High
Low
(Continued) —
bonds
$
J-D
-—1951-1955
June 15 1952-1954
Dec 15 1952-1954
.1953-1953
June 15 1948
1950
Treasury 2s___.
3%s
External
.
M-S
1951-1953
Treasury
High
109.24
J-D
Sept 1950-1952
Treasury 2s
Treasury
1
(Continued)
Low
108.14
A-0
4'As
1947-1981
3%s
._•
.1946-1988
3%s
1946-1949
3%s
1949-1952
3s
1946-1948
3s
1951-1955
27/eS
1955-1960
23/4s
1945-1947
2%s
1948-1951
2%s
1951-1954
2%s
1956-1959
2%s
....—.—1958-1963
23As
—1960-1965
2%s_
—1945
2Vis—
--1»48
2Vis
—
1949-1953
2Vis
..,1950-1952
2Vis
1952-1954
2Vis
_
1956-1958
2Vis
—1962-1967
2Vis
1963-1968
2Vis
June 1964-1969
2Vis
Dec. 1964-1969
2Vis
1965-1970
?%s
1966-1971
2 Vis
June 1967-1972
2Vis
.
Sept 1967-1972
2 Vis
1951-1953
2Vis
1952-1955
2 Vis
1954-1956
2 Vis —
1956-1959
2 Vis
1959-1962
2s
1947
2s
Mar 1948-1950
2s
-—Dec 1948-1950
2s
...
Jun 1949-1951
2s
Sep 1949-1951
2s
Dec 1949-1951
2s
..March 1950-1952
Treasury
Sale Price
Period
Brazil
Last
Interest
Stock Exchange
January 1
NO.
Low
High
Government
S.
U.
or
New York
Range Since
Bonds
Sold
Friday's
Bid & Asked
Last
Sale Price
Interest
Stock Exchange
New York
Week's Range
Friday
>
BONDS
Telephone HAnover
2-0050
New York 4, N. Y.
Teletype N. Y. 1-971
27
34%
100'%
Volume
477
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4407
162
NEW YORK BOND RECORD
f
?• V,
Friday
BONDS
Interest
Last
Period
Stock Exchange
Nfw York
Week's Range
or Friday's
Sale Price
Bonds
Mexico—(Continued)—
tUSrexu os
A Assented
to
Assented
5,
1942,
to
5,
i
1942,
AAssented
to
7-j
Nov.
5,
1942,
18%
18%
20
16
18
14y8
10%
12
*
12 Vi
1
agree
*17%
__
PFLUGFELDER, BAMPT0N & RUST
18%
:.
17 Va
22%
15 Vi
*22%
.
13
13 Vi
9%
16
—
*13Vi
—
v.
18 Vi
22%
Membert
1
44%
44%
M-S
York
Stock
Exchange
38%
■
473/4
Bell
Telephone—DIgby 4-4933
*
;
York
New
Broadway
61
1958
New
.
.
ASec external a f 6MrS
>
__
Railroad Reorgianization Securities
—
*11 Vi
v
J-j
(State*—
Mlnas Ueraes
High
*10%
J-D
1943
1942, agree
1913 assent_._l933
f A'lreasury 6s ol
Low
*20
♦16%
1954
AAssentlng 4s of 1910
AAssented to Nov. 5.
.
High^
*18%
--
Q-J
agree
1904
Nov.
Q-J
agree
Nov.
AAssentlng 4s of
A
1943
1945
5s of 1899
A Assenting
,
No.
•■
i.899 £
in
Range Since
January 1
Sold
Low
AMexico
Bid & Asked
WEEK ENDING JULY 27
FOR
RANGE
'>'■
6
Teletype—NY 1-310
Stamped pursuant to Plan A
reduced
(Int
ASec external
*
35%
37
46%
38%
47%
37
19o9
40
*43%
2.125%)—2008
to
f
s
41
118
120
u-s
Stamped pursuant to Plan A
(Int reduced to 2.125% )—2008
<
AMontevideo
External
7s
\
General
1957
F-A
*100
A-O
MS
97%
*100%
100%
'
100%
jmZ.
100
*99
100
J-D
*92%
A- Q
f
A-O
93
*95
M-N
'
'
•
J-D
■
Ext sec ref 3%s
7s
(State of)
APernambuco
1967
1947
series B
Stamped pursuant to Plan A
V
(Int reduced to 2.125%)
;
APeru
A Nat
21
21%
100
181/8
243/8
21
21%
54
181/8
243/8
23
27%/;/;'
27%
25'/8
'
5
J-J
34%
16
30%
251/a
39
14%
303/4
38%
J-J
♦25
-
:
•'
39
~3
30%
-
441/4
47%
47%
;
47
47
.
••
"2
47
41
493/4
M-N
F-A
48%
48%
F-A
.
*
42 1/a
tV
—
41
43%
42%
•V-
f"3-'.---:
-2012
F-A
41
•
46
37
35%
13
36 %
36%
/
1940
A-O
*50
Stamped pursuant to Plan A
(Int reduced to 2.5%)
1999
external sink fund
»
_
J-D
gold——1968
Stamped pursuant to Plan A
(Int reduced to 2% )
-.2012
A 7s external loan of 1926—
1960
'>
v
V$
45
•
*35
U-N
,
•fe
.
.
"3
to
Con
54
45
40
35
"1
45%
V;/r
*44%
36
96
48%
42%
43%'1
M-N
J-J
.1950
J-J
60
J-J
♦53
external
A8s
'
♦
;•
stamped pursuant to Plan A
(Int reduced to 2.5% )
—1999
extl water loan
..1958
60
60 Vi
53 W
*47
'39
*51 J/4
Si
J-J
3.5%)_—.1978
(Kingdom)—
1962
;
1962
A Silesia
(Prov of) extl 7s^.—„—1958
A4%8 assented™
1958
76
76
•
z
*73 J/8
a 8s
series
external
secured
A 7s
•
M-N
21 v;
extl
M-N
20 %
B
sec
Sydney (City) s f
A
30
*20
24%
; 100Vi
1940
F-A
*100
M-N
*100
——I960
^..1964
6s
•
12
27%
27Vi
-
__
/>■
:
readjustments—-—1979
M-N
1979
M-N
; 83 J/2
*83%
105
-./,'•
1978
J-D
*81 '/a
1978
3Vis extl readjustment
1984
A Warsaw
(City) external 7s—;—1958
A4Via assented—
s1958
f-a
84
89
87
72
91
70
86%
78
J-J
*71
80
F-A
*17
24%
181/4
♦17
19 y»
13
F-A
/
27
series
A
AStamped
coll tr gold 4s
Adams Express
*150
J-D
v.
20%
U-N
102% 103
*106'A 106%
-107% 107%
17
100'/a 100%
3
1972
J-J
3948
A-O
.—1948
A-O
*100% '..'i.-
Albany & Susonehanna RR 3Vis_—1946
A-O
*10 I J/4
Gen mtge 4%s_.
Alleghany St- West-1st gtd 4s
1975
A-O
.-1998
A-O
1st
Power
Alabama
3l/as
mtge
Albany Perfor Wrap Pap 6s
with
6s
Am &
assented
warrants
Foreign Pow -deb 5s
Amer I
G Chem
conv
A
a.A
5 Vis
2030
-MS
—1949
100%
3Vis
debentures..-
debentures
*__
97%
102 %
M-N
3s
Tobacco
Am Wat
A
98
<
•
102 -102% '
102
102'/a
J-D
105%
1051/s 105'/a
105% 106
Anglo-Chilean Nitrate deb.
:
.
.
&
Co
mtge
4Vis
cum
For
;
P
A 1st
A Mobile
102
fACent
1161/2
99
Div
1st
gold 5s__.
Light 3%s
AGeneral
A4s
—1987
4s*
registered———
1st & ref series A
•
116
1431/4
104y8
1001/a
104
113% 113%
6
110%
115%
Chesapeake & Ohio
90
102
105%
see
page
480.
107%
5
(4%%
106%
.106% 106%
30
102 Vi
107%
to Aug 1
1073/4
105%
107%
104
106%
103%
'
_
—
98
78
78 '/a
10
63%
'.105% 105%
•.'• ••/. 8
*105% 106%
'
*
84
2
106%
106%
108%
110 A
j.'*
'•»;•
108%
105%
1087/8
13
109%
107'/a
1071/4
47
—
96%
i;
■■■■''-'••
81
83
64
;
47%
44%
733/4
38
.
49
.
..
3
97%
96%
103
••.%.. 7-
103'A
3
:
••'.
86%
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,
31%
;■
.,
103% 103%
.
111%
107%
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*106% 109
105%
8
" :
81
-v-
80 Yt
205
3
•'./v.
106% 106%
'
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.
1151/a
M-S
;
:
105
1
31
115% 116
51
31
49%
101%
103%
86%
98%
97%
,
104
106%
108%
103%
107 y8
112
117%
1
116%
121%
17
116%
117%
117 »/s
10
116%
118
120 Vb 1201/4
21
116%
121%
118% 118 %
119% 119%
116% 117
117
■
5
115V8
7
112%
115
104'/a 104 32
8
104%
107'%
104%
104 y8 104%
28
96%
106%
IO31/2
IO31/2 104
38
103'/a
105%
107%
121%
116%
8
.111%
120'/4
107% 107%
26
107%
110%
87%
8
-1031/4 103%
21
*119
116
—
M-S
f-a
87
103%
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J-J
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78
88
102%
„
106%
102%
104
87%
12
102% 103 %
J-D
.
120%
114% 114%
10432
J-J
-
A 3
107% 107%
a-o
M-N
>19
104%
86%
87-
73
'
91
!
Ref St
Ref &
1949)—
Div
1st
99
53%
24'A
64
14%
28
24%
104
13%
28
79
79
:i5
63%
87 /
29%
47
*40
108%
*108
.
96
42%
42%
46i/4
117
41%
.44%'
103%
38
55
142
36%
52%
40
39
J-J
48
109%
106%
4
21
34%
48%
35%
44
-
105
104% 105
12
103%
106%
.F-A
108%
107% 1081/4
16
107%
109
F-A
103%
103%104'A
53
96%
:
v.
104%
,
1974
*F-A
.JW-N
108%
♦110%
90
89%
90
Ry—
M-S
M-N
F-A
1940
gold 4s
1989
4s—„——^—1989
104%
104%
" a-o
10
26
104% 104%
19
104% 104%
7
*131
l'
49%
140%
145%
104%
106%
104
107%
128%
52%.
491
131
125
—
*123
.51
111
90
85
102% 103
*102'A
J-J
J-J
—1949 :
.
143'/a 144%
J-J
t ACLlcago. & Alton RR ref'3s
.
84
.A-O
cons
2d consol gold.
79%
22%
42
;
4%s
Creek Br 1st 4s—
R & A
78
.1021/4 102%
J-J
J-J
106%
231/4
78%
J-J
A-O
—1992
/
impt mtge 3Vis D_
_1998 \
lmpt M 3%s series E_
1998
General,gold
.
M-N
1073/4
104
27
*44
lACentral RR & Banking 5s stmp_1942
1975
106%
105'/2 106
J-J
'
101 Vi
(111)—
due:
105
;
108 % 108 %
A-O
1974
64
104%
'
^—1987
Central Pacific 1st ref gtd gold 4s_1949
Guaranteed gold
5s
1960
112
15
•
70%
105%
A-O
1961
1987
1987
284
::105% 106 Vi
105%
11
—
..
";•
.1966
1st gtd 4s_
tACentral of N J gen gold 5s
A 5s
registered--—
New Eng
138'/a
106%
105
60
r-mm
M-N
A-O
A-O
J-D
136
-U-S
103
73 'A
F-A
102% 103 J/4
103
103%
...
103
1
1003/4 ioiy2
'
1945
1959
1959
1951
1940
136
94
102
1011/a
; *
103
•106
'rZ:
1945
Nov
5Vas series B
5s series C
pur money gold 4s
Illinois
Central
1021/4
104
131'/4
100%
\
78
M-N
1948
1st gold 4s*-
mtge 5s
109
.
Potts
income, debs
footnotes
U
103%
3"Vis series E._c_——1964
(Subordinated)
3%s
Branch
102%
109%
3
,1st
ACent
107
109%
99%
102%
129%
Zq
..;
,
98%
tCentral of Georgia Ry—
100
105'/n
88%
86%
72
'•-WW
F-A
1962
.—1955
debs
debs.
AChatt Div
105%
99%
*
■
98 Va
1
72%
.
M-S
1981
Corp 3%s
gen
58
86
f
86%
*106'A 107'%
'
■
M-N
1960
gold 4s
Cart & Adir 1st gtd
&
121
88%
'
•V^'V.:wv
F-A
.
tIACarolina Central 1st gtd 4s—.*4.1949
Certificates of depositCarolina Clinch St Ohio 4s
1965
ARef
104%
99%
Armour
gtd
4'/aS
trust
Collateral
106%
102
Q-J
'•",l
M-N
Power 3%s
Elec
gen
6
MS
••'•■
h
/ F-A
1968
3ysS—
1974
Canada Soucnern cons gtd 5s a.
1962
Canadian National gold 4 Vis
—1957
Guaranteed gold 5s
i
Oct 1969
Guaranteed gold 5s
—.1970
Guaranteed gold 4%s
1955
Guaranteed gold 4'/is
1956
Guaranteed gold 4'/as
1951
Canadian Northern Ry deb 6Vis
1946
Can Pac Ry 4% deb stk perpetual
California
&
103%
Jan
'
101
M-N
1952
——1955
,—.1960
103 J/4
1967
_
101
19
;
♦IO71/2
deposit—
5s—
ARef
94
.1995
gold 4s
100
'!
102%
105
105
''f/Z yr
§ A Con.sol gold 5s
68
Ark & Memphis Rv Bdge & Term 5s 1964
1st
of
103%
71
•!•:•■•
91
-
95%
103
103
J-D
A-O
-U-N
■
•-.
100%
86%
♦1021/4 1023/4
A!z
•
J-J
3y2s series C—1967
A-O
1975
•
*1013/8 102
M-S
M-S
•
f
129% 1303/a
M-S
1969
1981
104
89%
7
75
94%
♦1023/4
.
F-A
,
Calif Oregon Power
115%
8
112
-
"•943/4. 943/4
J-D
1947
—1969
..1962
3s
Wks & Elec 6s series.A
Arbor
ACertiflcates
100
115%
97%
-
96%
-
943/4
A-O
105%
—
9
Ann
;
.1969
Co. deb
debentures
3s
A-O.
I960
——1950
debentures
conv
Amer
G
Central N Y Power 3s
1961
-
—
J-J
M-N
102%
'100
16
99
95
1955
157..
American Telephone & Telegraph Co.—
3 Vis
_1951
_
series II
5s
1041/a
12
.
97.
J-J
1st 5s A C_
103
*103 7/8
102%
88
55
^
.
1951
104%
*104%
J-D
F-A
1907——
v:
993/s
*
F-A
96% 108
.100% 100%
M- S
—1947
10-year deb 4Vis stamped,;
.—1940
Alabama Great Southern 3 Vis
1967
Coll trust 4s of
155
—
54
544
•
■■■
—1959
I
3s series
mtge
Celotex Corp
J-D
84
67%
••
64%
r
J-J
debentures
Celanese
1953
1953
—1948
plain
92%
88
663/4
•
81%
79
65 Va
V/
J-J
1960
1965
1967
tAbioibi Power & Paper—
iA5s
'
,
M-N
11950
-
,■'
80
A-o
Companies
and Industrial
88%
753/4
66%
H3
f 100'/a 100 '/a
F-A
1958
87 J/8
78%
•''.*87%
extl conv—
4-4'/i-4Vis extl readjustment
75%
74'/4
20
84
•,
M-S
—
Consolidated
26%
103Vi
105
■> ■■■
1998
due
1947)
Bush Term Bldgs 5s
V-
32
17%
100
>•>
-
1937)—
External, conversion
Railroad
12
..•".
1-07%
66%*
236
89
I '793/4 81%
80
to
modified
(interest at
1,-1947) due—1957
tBurlingtOn Cedar Rap St Nor—- ::
§ Alst & coll 5s_
———1934
87%
*110
M-N
($ bonds of
3%-4Vb-4ft
;
99%
46
,
■
'
88
V
Af-S
:
2000
A-O
43%
22
*10 J/2
; -100
6s—
External
12
J-D
AExternal sink fund
*
V7
f-a
AExternal sink lund
3%s-4-4,/a %
21
21
5%s———-^^1955
(Republic) extl 8s
Uruguay
J-D
20 J/4
20J/4
,
/
813A
,78%
873/4
Stamped
Serbs Croats & Slovenes
-
A
80
/
A-O
i
82
v;
(int at 1% to
Bush Terminal 1st 4s
64
80
106 3/a
98%
'
1951
50
66%
17
: 78
...
•
-
:
; /. 3%' to- May
46%
36
♦45
A-O
to
J-D
Buffalo Rochester & Pgh Ry—
k 53 %
J-J
/'•
86
1033/4 104%
103 3/4
J-D
due
Buffalo Niag Elec
;.'.53 •'
.42
"
53 Vi
J-J
reduced
(Int
105%
A-O
Feb 11960
1
';./•••'• ,V':•,
105% 106
:••■
1993
Buffalo Gen Elee 4y2S B
52
451/2
60
50
B
A-O
-
4s s f debentures
43%.
dollar loan———1968
A-O
*'■:
••:*«:
••'-
to
Bklyn Union Gas 6s series A
Gen mtge s f 3%s
40
V
2004
f fa
—1940
Stamped pursuant to Plan A
'
"103'/a 103%
JJ
1961
1st mtge 4s series RR
1960
AInc mtge 4'As ser A
July 1970
tABoston & N Y Air L 1st 4s
-1953
Bklyn Edison cons M 3 Vis
—1966
Bklyn Union El 1st gold 5s
—1950
>
IA Secured a
•
105%
1st gold 4%s series
42-
45%
*53
M-S
Stamped pursuant to Plan A
(Int reduced to 2%)
,—2012
•■■
102
1993
due
stamped
1st M
■
Afis extl
1
'
A7s
Stamped pursuant to Plan A
(Int reduced to 2.25% )_
46 y2
M-S
/■•■'I
Consol mtge 3 Vis series H
,*♦50%
37%
60 '
60
Stamped pursuant to Plan A
tint reduced to 2.5% )——1999
'
-
38
due
1946)
Boston & Maine
37 Vi ,.45%
40
*37 J/4
J-J
—1930
(State) 8s
21
(int at 1%%
C
ser
1
Jan
Consol
98%
.
41
<•'
43
43
Stamped pursuant to Plan A
(Int. reduced to 2%)——2012
Paulo
41
-
Bethlehem Steel Corporation—
t 40%
90%
>45
M-N
reduced to 2.375%)—2001
A6%s extl secured a f
1957
-
40
July 1948
ref 4s
4s
J2%s
48%
36
(Int
|ASan
40
Beech Creek Extension 1st 3%s
40%
39%
__
>92
MS
1952
(City) 8S——
Stamped pursuant to Plan A
49%
J-J
of Pa 5s series C—-I960
Beneficial Indus Loan 2%s
1950
493/4
40%
1964
Paulo
SASan
48%
44
Bell Telephone
'42%
39%
40%
J-D
2004
sink lund 4s
Fe externa)
Santa
49
16
;
'
Stamped pursuant to Plan A
(Int reduced to 2.25%)
109%
J-J
-
Bangor St Aroostook RR—
36% i 45%
42%
45%
AConv
•-
42
41%
j-d
1967
municipal loan
109'/a
96%
1953
Toledo Cin Div ref 4* A
39%
45 J/4
52%
pursuant to Plan A
reduced to 2.25%)
2004
(Int
104%
28
Pgh L E & W Va System—
/ /
Ref gold 4s extended to
1951
i
S'west Div 1st M (int at 3%%
J
Stamped
A7s
gen
Dec
Sep 1 1946)
-
*
A 6s
to
-
:-
50
A
—
26
107% 108%
1948
1948
Sep 1 1946)- due
Ref & gen ser F (int at 1%
;
!
104%
101%
1
-
'
A-O
1953
18
104% 104%
A-O
83
711/8
*80%
104%
of)—
Rio Grande do Sul (State
A 8s extl loan of 1921
107%
106% 108
*105%
RR->
Ref St gen ser D
>
•42
37%
J-J
A ■?.
2001
*Stamped pursuant to Plan
(Int reduced to 2% )—--
104%
107
107%
M-N
•
)—2006
111%
llOi/a
J-D
.'.sv :•1
,
Ohio
St
Ref &
?;X
'
APTague (City of Greater) 7%s—1952
Queensland (State) extl 6s
-1947
A Rio de Janeiro
(City of) 88—1948
110%
109
—
M-S
4s
mtge gold 4s_
'
; •
1
*11032
1964
1963
July 1952
4s
A
Ref & gen ser A (int at 1%
Dec 1 1946)
due
'
47
4 Vis
Btamped modified bonds—
1st mtge gold
(int at 4% to ■ "
Z
Oct 1 1946) due
;
July 1948
50%
43
J-D
111
'
32
28
:v
Baltimore
1st
*25
A-O
Air
cons
mortgage
*jr•
■27%
*33
A-O
110%
11032 11032
11032
J-D
J-D
3%s
1st
unified
25 y8
14%
,r
♦25%
6
253/a
19%
22%
21
22%
11032
J-D
Atlantic Refining deb 3s
40%
2i.;.-;
A-O
Stamped pursuant to Plan
(Int reduced to 2.375%);
AExternal sec SVaS—
Second
124
11032
Atlantic & Danville Ry 1st 4s_
47
38%
~8
1st mortgage
General
A-O
1958
1947
A 4 %s assented
—1968
A External sink fund gold 8s—1950
A 4'% s assented
1963
A Porto Alegre (City of) 8s
1961
.Stamped pursuant to Plan A
(Int reduced to 2.375%)
2001
AExternal loan 7Vas
—1968
Stamped pursuant to Plan A
reduced to 2.25%
''
47
Charlotte
&
123
120% 120 Vi
117
J-D
1960
gold 5s
133%
115%
~5
«123
j—1940
Line
Ry—
1910
1st
High
48
129 y8130%
129%
M-N
1955
1905
Atlantic Coast
105%
38%
A-O
(Int
105%
■:
.
•
98V2
100
U-S
1940
(Rep of) gold 6s
A4%s assented
AStablllzation loan a f 7s
95
of
January 1
Low
129%
1955
1909
gold 4s of
Atlanta
98%
95
J-D
1959
SAPoland
95%
2
U-S
1960
ser—_1961
Loan extl s f 6s 2d
*43%
■■■■'
*105%
MS
2008
(Rep of) external 7s
loan extl s f 6s 1st ser
A Nat
MS
88%
"•
98%
ZJ*
Conv 4s
Atl Knox & Nor
Sold
No.
High
1995
gold 4s of
Conv
90 3/s
15
-.
100
99,
99
100%
88
1
"
98 % ;
98%
98 %
'
;
'
.
~
Stamped assented 5s_
Stamp mod 3V*s ext to
— ■
:
*91%
M-N
—1963
1994
A
Conv
a-o
Nov
__1995
4s
Stamped 4s
,
101
981/4
'
'•
•
''
1995
gold
Range Sinee
Bonds
Friday's
or
Bid & Asked
Fe—
4s
Adjustment
101%
98%
8
•, 101
F-A
1965
loan
103%
'
—1963
4y«s—
fund
sink
sink fund extl
103
97
♦lOO'/a 100 %
Last
Sale Price
Low
;
Municipal Bank eytl s f 5s
1970
Oslo (City) Blnk fund
1953
APanama (Rep) extl s 1 5s ser A-196J
External
4s
Exchange
Stock
Atchison Topeka & Santa
—_1958
4Vis—..—1956
a
Interest
Period
*105
(State)—
f 5s
(Kingdom of)
Norway
M-N
II'.
*115
1959
f 5s
s
External
1952
—;
.
South Wales
New
,
tClty)
A
series
A 6s
J-D
Week's Range
Friday
v
BONDS
New York
126
32
}•
59
■ok
X
**>'«
*
JfeiV
M/
V
■
>\
U
v
.
;,,,:,
,
'/V
;r^
.
Monday, July 30, 194?
THE COMMERCIAL & FINANCIAL CHRONICLE
478
NEW YORK BOND RECORD
RANGE FOR WEEK ENDING JULY 27
BONDS
..
1st & ref 4%s series B
3%s
1st & ref mtge
Sale Price
_
& Eastern 111 RR—
A Gen
mtge Inc (conv)
1997
68 Vi
El Paso & S W 1st 5s—
5
104%
106%
1947
67%
75 Vi
\
75 Vi
■Vi
Union Station—
1st mtge 3Vis series P
2%s ser G
Chic & West Indiana com
1st & ref 4Vis series D
§ A Debenture 5s
{AChoctaw Ok &
Gulf cons 5s
Oleve Union Term
23%
97%
23
92%
15
88
95%
95%
Columbus &
Columbus &
Columbus &
*4
98%
76%
78%
570
69
26
27%
1,459
17%
90
92%
274
77%
94
100
103%
Consolidated Oil conv
{AConsol Ry non-conv
100
2
103%
106
A';:' :/•'
4s
A Debenture
21%
68%
1,219
47%
71%
73 Vi
75%
334
52%
97%
97%
98
5Vis
Northern Ry 1st
receipts
1st 5s gold
A Deposit
receipts
f ACuba
89%
90%
857/a
85%
>
ADeposit
.1
A 6s
series B
14
J-J
103% 103'/4
5
J-J
109
109%
9
105% 106'/a
X.X
F-A
111%
102
.3
107
mtge
Income
Power
Delaware
112%
__
94%_ 95%
118
83
967/a
88%
89%
5
80
91%
101%
107% 107%
1053/a
106% 107
104%. 1'07%
102% 107%
106%
•
44'1'.
due
& Light 3s
& Rio Grande RR—
5 A 1st consol 4s
§AConsoi gold 4Vis
■
■
78%-
:
"107%
A-O
a—'-'''
M-S
•
F-A
P':';
••
$ 109% 112%
74%
19
20
35
108%
j-J
*114%.
4'.122%
F-A-4
J-J
F-A
.
J-D
3
111%
:!v
67,
J-J
9
105'/a
M-N
63
M-N
105%
•
103%
J-D
V
105%
/■:
.74%
2
...
7
58%
75%
57
74
106%
23
106%
108%
14
105%
108%
3
108%
110%
3
102%
103%
109 vX
54-
54%
61%
45%
50%
80
10
45%
85%
84
46
46
51%
*66
68
66
63
17
::
46%
49
52
68
71%
71%
'45%
A-O
{Denver & Rio Grande
AGeneral s f 5s
Western RR—
.
48
46%
50%
101% 102%
13
101
103%
Gen
107%
J-D
107% 107%
&
M-N
4.'
106
4
■
.
' ;/
J; I'1../'
M-N
105
9
106%
Detroit & Mackinac
*—.
100%
*—
85
70%
A-O
108
A Second
93
66
."4
F-A
67
67%
67%
& Tunnel
4Vis
106
Ed.El III
Va & Ga Div 1st 5s
(NY)
1st cons gold 5s
.1958
1995
4',
*****
98%
108% 110
4'',:
...
139%
*136% 139%
102% 102%
83V4
83%
~4
'
144%
96
103
72%
v
6
873/4
114%
142
84V»
114% 115%
M-N
115%
F-A
.73
72%
74%
161
64%
80
A-O
1957
38%
38
40
133
30'/a
45
1st
*104
103
105
1951
J-J
*100%
103
103%
1951
1951
A-O
noo%
1952
A-O
1st
gold 3%s
1st gold 3s sterling
Collateral trust gold 4s
—
4
Refunding 4s
Purchased
105%
J-J
gold 3%s
Extended
1023/4
104'/a
J-J
lines
M-S
1952
..1953
M-N
1955
M-N
1960
F-A
1950
...
LitchfieldJDiv 1st gold 3s
89%
18
88%
96
96
20
94%
95%
95
106
87%
88%
99%
84
32
99%
103
84%
22
105% 106
J-D
40-year 4%s
Cairo Bridge gold 4s
19
97% 98'%
1017/a 102%
95
75
74
76
: *74
98%
102
J-J
3%s__
gold 4s
Collateral trust
103
103
M-N
—1955
J-J
Louisville Div & Term gold 3%s.l953
Omaha Div 1st gold 3s—
—1951
J-J
97%
107%
112
89
105'% 105%
-1951
-74
5
100
105%
99
100'/a
95%
103
f-
100 % 101
•100% 101%
~6
F-A
*94
96
J-J
*95
96
82%
1951
J-J
98
Springfield Div 1st gold 3%s——1951
Western Lines 1st gold 4s
1951
i
Registered
J-J
96
83%
1951
St. Louis Div St Term gold 3s
4
Gold 3%s
——
*96%
F-A
4%s series
1st ref mtge 4s
Ind 111 & Iowa
1st" gold
~6
99%
105%
97
103 Va
104%
J-D
1963
91%
88%
J-D
v
J-J
4s..—..—1950
{AInd & Louisville 1st gtd 4s
...1956
Indianapolis Union Ry 3%s ser 8^1986
Inland Steel 1st mtge 3s series F
1961
{International Great Northern RR—
163
94'/a "96%
91% 93%
95%
"J-D
—1963
C.;
100
v*
—.1963
ser D
96
89
—
104
1104
98
24
98%
—
HI Cent and Chic St L & N O—
•105
1
92%
81% 100%
76%
109
-
•
-
V
95%
73%
92
105% 106%
__
91%
J-J
88%
V
'"l
75
973/4
"
*111 :
M-S
'
—
106% 106%
A-O
"8
106%
1073/4
,
A 1st
series
6s
A
1952
J-J
A
Adjustment 6a series A... July 1952
A 1st 5s series B_
1950
——
A
1st gold ,5s series C
—1950
84%
85%
A-O
?
86
61
62%
73
28%
56
58%
47
79% '" 80%
:
80%
25
58%
83%
45'/4
79%
J-J
80
J-J
743/4
89%
54 %
•
85
84%
JAInternat Hydro El deb 6s———1944
A-O
85'%
166
Internat
J-J
104% 104%
9
104
105%
M-S
108 % 108%
2
1063/4
111%
Paper 5s series A St B—1947
Ref sink fund 6s series A
—1955
Int Rys Cent Amer 1st 5s B
1972
Int Telep St Teleg deb gold 4%s—1952
84 %
M-N
,
*103%
102
—
88
102%
J-J
100%
100% 101%
59
95%
102%
1955
F-A
104%
104% 105 %
98
99
105%
1959
J-D
96%
13
883/4
1961
J-J
102%
102% 103
6
1023/4
104%
103
105%
& Laughlin
Steel 3%s
86
5
59%
75
6i
76%
15%
17
42
5%
21
13%
13%
15
113
5%
19
G3
A-O
M-S
J-D
63
64%
87
54%
71%
8
106'A
1083/4
-A—
-
•
107%
.
M-N
113%
M-S
,
108 y4 108%
107% 107%.
107% 108
55
35%
113% 114
2
107%
109%
17
106
109
26
43
56
28
5
A-O
106
106V4
J-J
*60
6774
108%
J-J
35%
76.
110%
II41/4
102%
'101% 103
103%
14
119%
1
-106
109 %
45
105% 106%
—
98
99
78%
109
70%
105
K
Kanawha
& Mich 1st gtd gold 4s—1990
City Fort Spott & Mem Ry— •
5ARefunding gtd 4s
—__—1936
ACertificates of deposit
*107%
A-O
—
„
Kansas
Kansas City Southern
Kansas City Terminal
Ry
1st 3s_._1950
Ry 2%s—.-1974
A-O
91%
92
46
102% 103
43
91%
__
A-O
102%
81%
80%
93
92%
91%'
103
A-O
118%
*120%
118%
Kentucky Central gold 4s
1987
J-J
Kentucky & Ind Terra 4%si
1961
1961
J-J
*75%
J-J
*105%
101
106%
1961
J-J
*109%
104
109%
Stamped
Plain
—
——
81 Vi
68
79
J-J
*105%
102
102
Kings County El L & P 6s
1997
A-O
*182%
Koppers Co 1st mtge 3s
1964
1959
A-O
1997
1997
J-D
4%s
unguaranteed
1961
173%
183%
103% 103%
102%
105 Va
6 Va
4'/a
109% 109%
105%
110%
102%
108
108 3/a
E
e.ast Tenn
•98%
*98
105
15%
54
Chemical deb 2Vis!
104
108%
57%
/
*33
gold 4s
Term
67
J-J
J-D
1995
19ol
1950
Dul Miss & Iron Range Ry 3Vis—1962
{§ADul Sou Shore & Atl gold 5s—1937
Paquesne Light 1st M 3 Vis
1909
;•
Detroit
Dow
J-J
J-D
G
101%
98
108%
99%
106%
1st lien gold 4s 1995
ref 3s series H
91
1
*103% 107%
M-N
A-O
Si
Gen
11
1981
Debentures 5s
1978
1965
1968
1970
Edison 4s series F
ref mtge 3Vis series
Detroit
106
James Frankl & Clear 1st 4s
J-J
—
impt 5s series B
ARef &
1955
101%
Jones
':4
F-A
AAssented
iV 1
101% 101 %
101%
M-N
{Denver
1936
1930
104%
....—..1951
1st gold 4s
1st St ref
104%
*66
__
18%
102%
•
-Feb 1957
Joint 1st ref 5s series A
*45
J-D
r:-
..1949
1st 5s A
v
46
-r-.f.-'V,
gold 5s_.
Illinois Bell Telep 2%s series A
Illinois Central RR—
V
105%
57
*81
46
1st
AAdJ income 5s-.
107%
103
105% 105%
45%
•
■
f 5s series A
s
Hudson & Manhattan
v
71%
*52%
"t*"'
4
25
103% 103%
J-D
Co&l 1st
Hudson Co Gas
105 Va
.J:
70
...109
\m~.
■f"
J-D
13%
5
100% 101
A-O
J-D
103%
102
106% 107%
106%
M-N
102
v
104% 105
>
M-N
.72
•:
18
102%
67
J-J
1969
1962
107%
.106
•V.»—
J-J
J-J
mtge inc 5s series A——.-2015
Z: 2
15%
:
H
112%
•,
1975
84
15%
102% 102%
105" 105
15%
J-J
1083/4
.v_
Feb
A-O
debs
74
*78%
1999
1937
126%
105%
103% 103%
—
-
111%
108
*106
Feb
1959
^
116
•■
J-J
114
62
107% 107%
J-J
106
Refunding 5s
102% 103
102 V2
J-J
Hocking Valley Ry 1st 4%s
{gAHousatonic Ry cons gold 5s
108%
67
-102
102'/a
A-O
109
1980
M—
M-N
109% 110%
114
—
106
44-
A-O
108
3
110% :
-X
112 % 112%
:
■
L_——,—..1970
105%
J-J
106%
106% 107 %
".
103% 107
15
105
105
1969
105 %
103%
122% 123 Vi
107
106 Va
4
21
106% 106%
J-J
1952
80%
103
;v
X
110%
.
.;,4
105
105'/a
106% 106%
J-J
:
B
3s
112%
J-J
.1st Sc ref 3%s series D—
'
J-J
—1973
1993
—1973
107%
104% 105%
.
im*m'
ctfs
Corp
110%
K__r———I960
Gulf & Ship Island RR—
1st & ref Term M 5s stpd—
'
J-J
1940
C
ser
—«
104% 104%
104%
M-N
ser
137%
2
111%
130%
—
,
76
77
mtge 3%s
—-.1967
V" 110%
128%
121%
107
11
•x-4
A-O
ser
111%
-
109%
107
14
.
106
107
1
105% 105%
21
1st mtge 3s
1970
Dayton Union Ry 3Vis series B—19C3
Delaware & Hudson 4s extended
1963
Delaware, Lack & West RR Co—
N Y, Lack & Western div
ref M 5s
.
94%
M-N
ser
3%8
mtge
104%
v
89%
107%
mtge 3%s
■
4
9
127% 127%
127%
::
112%
13
J-J
J-J
136
123
119%
13
120
136
108%
J-J
M-N
120
J-J
Hudson
109
106%
__
"121%
J-D
J-J
Gulf States UtU 3%« aeries D
105%
111% 111%
.
mtge 3%s series 1
Gen
12
Dayton P & L
&
102%
102% 103%
J-D
..1952
Gulf Mobile & Ohio 4s series B.
103
101%
*102%
w<
J-J
.ADebentures
103%
76
7
"112%
102%
F-A
1063%
90%
;4 22
"107% 110
D
1st
105%
114%
100'A
66
100% 100%
100%
..1973
..
+
j-j
Greyhound
54%
53
115
91%
M-N
1977
Gen
Y
90 Va
1001/4
106% 106'/a
106%
F-A
J-D
105
111
i108
105%
40
3
89%
J-D
AGreen Bay & West deb ctfs A
19
97%.:;
95%
100
M-N
102%
108
103 %
73
65%
2
52
50
L
1976
Gen
37
65%
J-J
—1934
General 4%s series E
.Gen
67%
104% 104%
65%
39%
General 4%s series D
f
106% 107
1959
77%
104%
Ry Co—
General 5s series C
94%
92
105%
„
X:
;■
100
;
"vV'-'
98%
*94%
A-O
A-O
,
deb
80
57
103
—
deposit—
Gen
i
19
105%,
M-S
.499%
94%
»
ext 6s
General 5%s series B
99%
83%
■
4
tf'-ii'""'.
107%
28
1063%
107
——-
102
73%
J-J
Great Northern
106%
receipts
—
extended to —1940
128%
55%
*104 Va 105%
J-J
79%'
83
46
v
*—
•;*
extended to
ADeposit receipts
Curtis Publishing Co 3s
.
2
S
Certificates of
1949
Oct 1 1945
(B F) Co. 1st mtge 2%s_1965
Grays Point Term 1st gtd 5s
1947
91
.
__
J-J
1952
,
73%
51
72%
72%
M-S
Goodrich
107
A Deposit
ACuba RR
99%
J-D
i
—1969
...
74%
95
i
99
M-S
108%
102
x;4>;.,
107%
*99%
13%
418
23%
21%
*107
debs
Steel Castings 5Vis__
{AGeorgia & Ala Ry 5s
Certificates of deposit-—
80% 105
A-O
1965
;—1970
1960
1969
1955
1942
3 Vis
——
1st mtge 3Vis—;
1st mtge 3Vis
1st mtge 3Vis
Crucible Steel 3 Vis s f debs—
1st mtge
A7Vis series A
78%
A-O
Power Co—
Consumers
4
5
64%
68
inc
conv
{§AGa Caro & Nor 1st
—197a
1955
1958
1
*50
Gen
90%
"112% 114%
1954
deb 4s
4s
A Debenture
68 %
9
85
84
85
103%
103
103% 103%
J-D
:
100% 100%
100%
deposit—
Gas St Elec of Berg Co cons 5s_...1949
General Realty & Utilities Corp—
A 4s
*107%
1948
1950
—1958
deb 3Vis
1951
debentures-3Vis debentures—
3 Vis debentures-
3 Vis
M-N
of
Francisco Sugar coll trust 6a
331/4
90%
A-O
3Vis
——1958
1st mtge 3s series L
1977
Conn Ry & L 1st & ref 4 Vis
1951
Conn River Power s f 3%s A
1961
Consolidated Edison of New York—
132
120%
99%
26%
'
F-A
debs
Conv
M-S
1958
105%
117%
130
15
—
M-N
Commonwealth Edison Co—
1974
& ref 5s series A
104
132
104% 105
96% 119%
*94%
78
J-D
)
106%
117%
J-D
Columbia Gas &
Debenture 5s
101%
106%
*125
J-D
ACertificates
—1901
1980
1952
1981
H V 1st extl gold 4s—1948
Sou Ohio El 3 Vis——1970
Tol 1st extl 4s
1955
deposit
1959
A 1st
117%
4,4l
M-N
(stamped modified)
Elec deb 5s
4Vis
?
102%
99%
1
105
—.
111
17
95%
J-D
Ry.—
i
*130
1.
114%
96
97
M-S
—1977
series C—.—
1st 8 f 4 Vis
Colorado & Southern
108
105
1973
gtd 5Vis.
gtd
-
Certificates of
—1950
5s series B
1st s f
100%
99%
99%
J-J
—1948
1st gtd 4Vis—
Cleve Short Line
105 %
*2
*106
M-N
{AFlorida Cent & Peninsular 5s—1943
>
RR—
99%
Firestone Tire & Rub 3s deb—1961
95%
•
Chic & St Louis Ry
1993
>General gold 4s—1993
General 5s series B
1977
Ref & impt 4 Vis series E
—1991
Cin Wab & M Div 1st 4s.
.—1990
6t L Div 1st coll tr gold 4s_.
—1970
Cleveland Elec Ilium 3s
—
101%
__
100% 101
M-S
1971
31%
95%
i£o
Cleve Cia
Cleveland & Pittsburgh
Series C 3Vis gtd
Series D 3Vis gtd
J-J
—2000
29%
100
1st mtge
88
102
188
101%
100
-
97 %
95%
J-J
Cincinnati
103%
*104%
J-J
16%
95%
F-A
3Vis
Union Terminal—
gtd 3%s series E—.—1969
1st mtge 2%s ser G
—
1974
1st mtge
1st cons mtge 3Vis ser G—
Ohio Div 1st mtge 3 Vis.
■
35
95%
J-J
1960
1967
3 Vis—i
Cincinnati Gas & Elec
101%
A-O
mtge 3 Vis ser F---"—-1990
;
115
100
104%
J-J
1943
1957
1952
Co deb 5s—
{§ AChilds
mtge 3 Vis ser E___
cons
15%
A-O
1963
.1963
1952
1962
4s
2015
1964
mtge inc 4Vis series A.
cons
1st
79
F-A
-
1st mtge
j-j
106%
110
95'/a
95%
j-j
Dec 11960
;
H
106%
117
ioo7/8 101
101
72
J-J
1960
Chicago
J-J
70
91
J-J
5s
Southeastern
guaranteed 5s
ACertificates of deposit
-
116%
116
*__■
;
22
22%
J-J
1934
1952
Income
83
84
"107% 108%
J-J
1951
——1951
1951
1st 5s
1960
Chic T H &
105%
116
; A-O
—__1965
.1902
.1st
r
107
*102% 103%
V10S%
A-O
-
1
High
103%
102%
{Florida East Coast 1st 4%s__
deposit
L'& New Orleans
Gold
3 Vis
i
Memphis Div 1st gold 4s
23 %
100
January
Low
No.
High
Railroad Co—
Gen
99%
140
65 Vi
14
101%
21%
J-J
1927
Island & Pacific Ry—
1988
gold 4Vis
99%
90%
99%
22
J-J
part paid
AConv
132
9
76
*~
M-N
Milwaukee Si St Paul—
AGen 4s series A
May 1 1989
AGen gold 3%s series B._May 11989
AGen 4VaS series C__
May 11989
AGen 4%s series E
May 11989
AGen 4%s series P
May 11989
{Chic Milw St Paul & Pac RR—
AMtge gold 5s series A
1975
AConv adjustment 5s
Jan 1 2000
Chicago & North Western Ry—
2nd mtge conv income 4 Vis
1999
1st mtge 3s ser B_.
1989
tSAChjeago Railways 1st 5s stpd
Chicago St
20
99 Vi
*—'
J-J
{Chicago
gold 4s
8 A Secured 4 Vis series A
.1965
stamped
Erie
76%
60
100%
J-J
I ARefunding
227
70
98 Vi
J-J
of
5s
Sold
J-D
Elgin Joliet & East Ry 3%S-XX—.1970
115 Va
Range Since
Bonds
Friday's
"M-S
1950
111% 115%
141 % 141%
gold 5s series B—1947
series C
1947
a 1st & gen 5s series A
1966
A 1st & gen 6s series B_.
May 1960
Chicago Ind & Sou 50-year 4s
1950
ACertificates
or
Bid & Asked
Low
112%
*~
J- J
ARefunding
{Chicago Rock
A General 4s
Last
Sale Price
High
104 Va 104%
J-J
ARefunding 4s
25%
Interest
8
12
M-N
Ry—
{Chicago Ind & Louisville
A Refunding 6s ser A
Week's Range
Friday
v
Stock Exchange
113Vi
M-N
2038
4 Vis
inc mtge
New York
Empire Gas & Fuel 3%s__.
gold 5s
1982
Gt West 1st 4s series A—1988
A Gen
Low
112% 113
104%
J-J
Chicago si Erie 1st
Chicago
No.
High
113
F-A
1985
3%s ser B
January 1
"
Period
I
Range Since
Sold
Friday's
'
112 Vi
J -J
F-A
Chicago
1st mtge
Bonds
or
Elec Auto-Lite 2Vis debs
RR—
-.1958
1977
.1974
Chicago Burlington & Quincy
General 4s
Last
Period
Bid & Asked
Low
Interest
New York Stock Exchange
\
BONDS
Week's Range
Friday
{AKreuger St Toll 5s ctfs
Lake Sh & Mich Sou gold
3%s registered
116% 119%
151
158%
3%s
Lautaro Nitrate Co Ltd—
A 1st
mtge income reg
1975
M-S
J-D
6%
*108% 109
8
r'
Number 4407
y0lume 162
YORK BOND RECORD
NEW
RANGE FOR WEEK
ENDING JULY 27
Interest
Period
Stock Exchange
New York
Last
Sale Price
or
1954
,.1965
1945
4Vis A
A
gold 4s
Valley Coal Co—
Lehigh Coal & Nav s f
Lehigh & New Eng RR 4s
Lehigh & N Y 1st gtd
Lehigh
Jr
ref sink fund 5s—.
&
stamped.
5s
Harbor Term gtd
Val
Leb
5s
4Vae ext
Valley N Y
Lenigh
Valley RR—
4s stamped
modified
4s registered
4V2S stamped modified
4Vis registered
stamped modified
Lorlllard (P) Co
debentures
3s
Louisiana & Ark
Louisville Gas &
'
80%
96%
•
.
47
60
57
57
64%
50
71%
•184-
61
59
11
47
66%
59
55%
85%
-
76%
84%
y
66%
64%
64%
A-0
45%
9
69%
213
58%
M-N
84 Vi
93%
79
15
115%
M-N
121
109
%
116
107
22
106%
107%
119
120
3
103%
105%
103
105%
i,
AGeneral
,
rr-.y.
.....
__
'1
M-S
y
106% 107%
119
119
F-A
104
104
A-O
'•
107
107
M-S
104
'•
N Y &
;;
V
\ 14
104%
104
:■:(
>
A-O
J-J
'
1945
1955
105%
107%
125
107%
111%
101 Ik
•'
'
—
101%
/
116 %
:
'•
:?>:?»sHf;/•'
'116%
M-N
J02%
114 Va
'1
M-S
102 %
101%
'102% 104
M-S
N
100
10m
101 Ji
AManila RR
(Southern Lines)
1959
4s
deb 3%-.
1955
Metropolitan Edison 1st mtge 2%s,1974
Metrop Wat Sew & Drain 5Vis
1950
(§AMet West Side El (Chic) 4s—1938
Micmgan Central—
Jack Lans & Sag 3Vis
—1951
1st gold 3Vis
1952
Ref & impfc 4Vis series C
1979
Michigan Cons Gas 1st mtge 3Vis_1969
(§AMidland of N J 1st ext 5s
1940
( § AMilw & Northern 1st ext 4Vis., 1939
ASConsol ext 4Vis
1939
McCrory Stores
:
77
Jl,-.
—
Vi
76
Vi
•
86%
*94%
*60 Y
86
Vi
82%
100 %
101%
13
—
M-N
M-N
68%
1
87
M-S
-
90 Vi
92%
80%
.75
;
;-:-v
'
101
105%
104% 104%
102%
106%
100% 101 %
99%
.23%
16%
*105Vi 106%
A-O
M-N
A-O
100 %
F-A
23%
M-S
M-N
23%
*100%
*107%
25%
98%
8
109
107%
109
89
.
75
v
J-D
♦107
J-D
91%
—
mtge
95
71
55
69%
81
87%
87%
90%
145
77 %
Missouri-Kansas-Texas RR—«
Prior lien 5s series A—
J-J
87% ;•
87
90
102
(Missouri Pacific RR Co—
A 1st St ref 5s series A
1965
,
...
AGeneral
&
A 1st
4s
—
ref 5s series F_.
&
A 1st
ref 5s series
gold 5Vis
AConv
G
1975
1977
——1978
,1949
.
1980
1981
series H
series L.
A 1st
& ref gold 5s
A 1st
&
ref 5s
gtd gold 4«—.1991
Moh'k & Malone 1st
1966
B
Monongabela W.Penn Pub Serv—■
Monongahela Ry 3 Vis series
mtge 4Vis
debentures
"..1st
6s
.I960
1965
1966
1951
1958
j.—.
1st & ref 3%s
Montreal Tramways 5s ext
Morrell (John) & Co 3s debs
Morris St Essex 1st gtd 3 Vis
2000
Constr M 5s series A
1955
Constr M 4%* series B
1955
Mountain States T & T 3Vis
1968
Mutual Fuel Oar 1st gtd 5a,—.1947
Montana Power
so
80
,
1st 3Vis
4Vis
series
70%
....s
82
:
;;^2%/ 95
•33../ 59%
48%
47%
51 r'-'
578
88
90%'
547
73
95%,
90
i 35
72%
95 %
38 Vi
671
■88%
37%
A-O
38%
F-A
88%
35Vi
••
88%
18
106% 106%
V; 3
87%
87%
M-S
F-A
14%
$
43%
72 Yz
•
279
90
88 Y;
951/4
72%
129
88% ' 89%
•
Prod 3 Vis debs
1st mtge 3s
tANa»gatuck RR 1st gold 4s
Newark Consol Gas cons ?s
JANew England RP. gtd 5s
A
1st mtge 3Vis.
N
Jersey P &
New
Certificates
A
A 1st
series
5s
Certificates
A
A 1st
A
series
5s
Certificates
A 1st
1956
951/4
91%
79%
106
1956
1954
series A
A Certificates of
deposit
A 1st
Ref
&
J -J
Ref
&
Cent & Hud River
Y
3Vis
3Vis.
registered
3%s,
registered
Mich Cent coll gold 3Vis
Lake Shore coll gold
3 Vis
,
2013
impt 5s series C—
—1997
1997
—1998
..1998
.——1998
:
..
—1998
'3Vis registered
New
3%s series
Ref mtge 3Vis ser E
N
mtge
D
Y
Dock
1st
gold 4s
N Y Edison 3Vis series D__!
N
1st
lien
For
&
ref 3Vis
footnotes
series E
see
page
1975
1980
1965
1951
—1965
Connecting RR 3 Vis A
Y
,
480.
1966
35 %
166
32
107
96
101%
103
1st
&
70%
72
52
62%
77
1st
&
M-N
79
79
79 %
25
69%
107
M-N
72%
72%
73%
72
64%
109%
109
108%
M-N
79%
105i%
*105% 106 %
110
96%
39
101% 102%
:
13
M
3
'106% 106%
105
105
62
A-0
*127%
V
100% 100%
104
1061/4
M-N
95
55
■
113%
t
107
J-J
102%
1151/4
126
123%
100
100%
6
107%
'
107%
'
,
t
•
104 Y
1061/2
1041/e
108
104%
107%
:-VJ 11
ref 3%s
ser
103%
J-J
109
109
109%
108
gold
F-A
v
105
105
5
104%
F-A
103%
107
5
102
104%
107%
M-S
110
103% 103 %
,
*107%
...
89%
A-O
95
.
•
97
v
T-a
93Vi
;i 921/2
A-0
881/4
A-0
941%
J-J
■,
Phila
77
1st
98%
96 Y
97%
Philadelphia & Reading
AGen mtge 6s income
93
Philip Morris Ltd
81
3
'
104%
95
3s
100% 100 %
F-A
-
V.
■
•l
"'
: :
.
■
>.:■ 102%
J-D
105
105%
*102%
89
1984
1952
,1985
106 34
82%
78%
94%
94%
150
87 —;
99%
Series
107%
104% 106
">102
100%
27
1
93%
89
89
F-A
90
90
-i
•
90
12
105% 106
M-N
*107
Series I cons 4%s
95
Series
81%
88%
91
J-J
105% 106
8
105%
106%
101'A 102
83
101%
102
J-D
101%
n
106% 107
13
106%
F-A
104% 104%
10
100%
104%
A-0
104% 105
19
104
107%
106 i/a 106 Vi
12
106%
109
1st
A-0
A-O
105%
107%
107% 108
42
106%
108%
106% 106 7/8
106'%
17
106 %
107%
3
107%
108"%
108
108
108
5
127%
107%
108%
46
124%
128%
108
126
108
'•':
'
*
121%
121% 122%
56
118%
124%
J-D
1313/4
1313/4 132 Va
6
126%
134
122"% 123%
17
118%
126%
123%
123 y4 124%
17
118%
126%
-.-r''
1053/4 105%
10
103%
106%
14
102%
106%
4
107%
109 %
863/4
9
78%
57
4
49 %
A-O
•
J-J
__
A-O
105%'";
J-J
105
M-S
107% 108
86%
'
A-O
'
■
'
Apr
57
F-A
*106%
74
103% 104%
99
M-S
993/4
4
99
104%
F-A
J-J
105%
105% 106
J-D
102%
102% 103%
9
W V* 1st
101% >'104%
M-N
10
101
<
M-N
246
101
106
106
1
104%i 106
5
106
J-J
*20%
25
*17%
30
F-A
102%
102 %
*100%
M-N
1958
1st mtge 4%s series C
1950
1960
A-O
■
w
.
II
II
A-O
A-O
113 %-
'
.
.
*114
,'
—
113%
113%; 114%
114 .'I 114
123 / 126%
124%: 127
132%
132% 132%
16
128% 134
133%
133% 133 %
11
129%! 136
105
1
101%
3
104
106%
103%
106 %
84%
99%
103
104%
93%
>' 109
2
103
104% 105
108 % 108%
J-D
J-D
27
101%' 102
..
*116%
;•
A-O
J-D
30
106%l 107
*113
■
J-D
15%:
101%' 103%
34
102%
■
F-A
290
t107
15%i
V
•r—
F-A
J-D
M-N
%: 104%
203%
226
226%
1964
;
%i 104%
23
1937
4%s series A
1st mtge 4%s series B._
102
102 Va
102% 102%
106% 106 %
1960
..,,.1963
138
128%. 131%
105%,' 108%
-.''v.
M-S
1945
1949
1953
,.1957
106%
102
M-N
mtge 3%s ser E—
103"%
9
1974
100%
M-N
1st mtge; 3%s_1964
Steel 1st mtge 4%s_—
1950
mtge 4V<?1 series B_
^1950
mtge 5s series B
99
*137
*131%
70
107%
131%
J-D
J-J
91%
106 %
~
*127
Pitts ^
•
108%
4
•&»«••»
*126
Gen
109
106%
106%
108%
M-N
Gen
Pitts
111
105%
J-D
Pittsb Coke & Chen)
.
109%
l
F-A
guaranteed
Gen mtge 5s series A
f
l
106
*%s_, 1964
1970
1975
1975
J cons
114
ill
107% 107%
107%
M-N
H cons guaranteed 4s
Series
105%
112
I" I 1
112
*108
F-A
F-A
107
103%
ill
,
..
J-J
M-N
110%
107
,
Y>
106
M-N
J-D
F-A
106%
112
M-S
J-J
\
,
109
107%
11
V
110
*103% 105
V.
106
105%
75
:
*1073/4 109
'
■■
106%
1053/4 105 %
.
J-J
1962
guaranteed..
94
*--■;■
108
106
—
J-D
.Apr 1964
guaranteed
97
F-A
104%
-
1971
1967
2%s debs
83
82%
49
1963
87
10
1
Series G 4s
107%
15
1974
1977 '
1961
deb 3s_.
Series E ?%s gtd gold
F 4s guaranteed gold
97Va 105
107%
105
1053/4
Coal—»
fieri is
D 4s
105%
105 %
—
108%
106
21
J-D
A-O
101 ^ 102%
■
3
J-D
Pittsburgh Cine Chi & St Louis—
169
.;
1952
99
355
Y.
106% 107
1063/4 107%
J-D
1947
Phillips Petroleum
951/2
-
>
106%
106
<
J-D
1969 "
1974
83
•
F-A
10
102% 1023/8
100
A-O
/
.,1952
1960
debentures
93%
90%
93%
F-A
1003/a
101
J-D
(8APhilippine Ry 1st s f 4s_.
A Certificates of deposit——
94
102
J -J
106 %
100-
106 3/8
&
1st
83% 1011/4
.69
6
95
■
30%
103"%
105%
tr 4%s
Electric 1st & ref 2%s
ref M 2%s—
—
and ref 2%s
86
88%
•
20%
6
13
25"%
23%
104%
M-s
105%
Phelps Dodge conv 3%s deb
Phila Bait & Wash 1st gold 4s—
General 5s series B—
General gold 4Vis series C
'
931/2
13
1043/4 105%
J-J
1960
A Income 4s
Apr 1990
Peoria & Pekin Union Ry 5Vis
1974
Pere Marquette Ry 3%s ser D
1980
80
13
89%
89%
•
—
—
104%
Peoples Gas L & C ref 5s__
Peoria & Eastern 4s ext
81
93%
92%
-
110%
108%
105
F-A
1948
May 11948
1960
.1965
1968
1981
4s
80
46
94
95
F-A
110%
110%
93 %
107
J-J
.1981
1968
sinxing
70
__
92
92
93%
7
16
Light 3%s
80
*78%
~A~0
99%4
109
■
893/b
87
214
103% 105VV'"
J-J
1
142
21
J-J
105 %
D
77
11
80%
80 %
A-O
'
«.■
893/4
109*
71
"
81%
1193/4
114%
72%
51
85%*
83
83
Q-A
1081/2
5
1.-'
/
105%
107
104%
1
107% 107%
H
7
112%
96
*100% ':—
F-A
M-S
107
10
114% 114 %
125% 125%
114%
^
105
8
99 7/s
98%
J-D
108 3/4
106%
71
'
Q-F
128.
124
,
*114% 115
Q-J
136
_.1940
1st gold 5s
dollar
fund 4Vis
General 4%s series A
General 5s series B
General 4Vis series D__
Gen mtge 4 Vis series E
Conv deb 3 Vis
Gen mtge 3 Vis ser F
108%,
112
J-J
'
—
115% 117%
115%
Q-J
136%
136
'
'■
„
*138
M-S
75
47,.'-
133%
"
M-S
102%
89%
20
64%
62
-
♦136%
A-O
Pennsylvania RR—
104%
106%
6
105
105
•
108%
A-0
debentures
4 Vis
'
M-N
1093/4
15
101
100
J-J
&
Penna Power &
Cons
105
107
107
J-J
ref 4%s series B
Consol
A-O
44
25%
6
107% 107%
86%
102%
102
110
7
107
M-S '
A-O
Electric Co—
1st St ref mtge 3Vis series I__.„,1960
1st & ref mtge 3s series J
...1970
h 1st & ref M 3s series K
.1971
1st & ref M 3s series L
.1974
1st & ref M 3s series M
1979
Pacific Tel & Tel 3Vis series p„._1968
Ref mtge 3%s series C
....I960
Paducah & 111 1st s f gold 4%s
1955
Panhandle East P L 3s B
1960
Peterson & Passaic G & E cons Ss.1949
Pacific 'Gas
70%
York Chicago & fit Louis—
Ref
3
33
98
93%
106
106% 106 %
'
35
11%
*96% 102
j-J
.
48
026
'
12
P
J-Dv
M-N
93%
—1908
2013
impt 4Vis series A
35
M-N
Pennsylvania Ohio & Detroit RR—
.
Central RR 4s series A
N Y
N
5 Vis
50
34
..1940
Pennsylvania Glass Sand 3Vis
of -deposit——.——
series D_—
of deposit
4Vis
74
*46
34
F-A
80
62%
*68
<
F-A
103 %
101%
9
*100% 101 %
Certificates
A
107%
103%
Pennsylvania Co—
Gtd 4s series E trust ctfs
deposit
of
C
108
1051/4
_
105% 106%
1
106%
107% 107%
1954
89
105%
"i
*105% 106 %
105%
103 % 103%
113%
J-J
deposit
of
74%
100%
108%
1952
1953
B
3
103%
104%
J-J
1935
85%
85
1013/4
101
102%
110 Vi
.
171/2
4%
26
100%
105%
J-D
301/4
17%
106
1
14
104
& Mexico Ry—
107
11%
7
11
1983
inc 5s series A
SANon-cum
23%
10%
101 % 101%
103 y4 103%
Philadelphia Co coll
(New Orleans Texas
22
23
108 7/8
J-J
105% 106
1945
5s A
N O St N E 1st ref 81 imp 4Vis
New Orleans Term 1st gtd 4s
108% 108%
108%
813A
107%
4
,.1946 * '•
105% 105%
J-J
Orleans Great Nor
New
68%
69%
J-D
110% 110%
J-D
1952
1961
—1980
L 1st mtge 3s—1974
61
O
105 Vi
.—.1948
England Tel & Tel 5s A
1st gtd 4Vis series B
J Junction RR gtd 1st 4s
New
453%
71
140
J-J
.
1948
guaranteed '4s__
A 1st
105%
J-D
1945
25
-(Ogdensburg & Lake Champlaln Ry-
110%
F-A
Consol gtd 4s
125
J -J
1967
...1974
1964
1st & ref mtge 3 Vis
1st mtge 2%s
J-D
1960
1965
—1954
Steel
National
37%
-
A-0
1978
Dairy
Nat
35%
M-N
,1974
States Power Co—
(Minn)
=v-
N
series A
933/4
36%
A-O
A
4s steri stpd
Nash Chatt St St L 4s
84 %
M-S
B
A-0
J-J
44
■
89 Vi
M-N
88%
89%
74%
M-S
89
87%
88
-
M-S
M-N
82%
87%
M-N
1937
1940
1943
^
H- 64% 112
<96
*^'87 %v 90
88%
631/4
J-D
1937
series- A
Pacific Coast CP
F-A
218
98
82
2
.
"94
93
■
4
79
78%
A-O
73
M-N
1965
1963
93%
J-J
70%
-I960
69%
J-J
74%
71
A-O
1975
70%
1967
77
56%
,1946
J-J
1978
57
5
J-D
106
99
—1962
37
66
J-J
1974
98%
D
69%
66
M-S
120
98%
adjust 5s series' A—Jan
66%
66
.
1955
Lt & Pow 3Vis
ref 4%s
&
Northern
116 %
97%
J-J
ACum
77
66%
J-J
,1975
40-year 4s series B
Prior lien 4Vis series
57%
111%
29
—1962
59
105
:
104 %
109
*98
.
69
M-N
*
65%
66
107%
105%
17
104% 104%
M-S
/
75
65%
66
__
J-J
J-D
743/4
56 %
65%
J'J
•;r
prior lien 4s__1997
4s registered,
1997
Gen lien ry & Id gold 3s
Jan 2047
3s registered
2047
Ref & impt 4Vis series A
2047
Ref & impt 6s series B
1
,.2047
Ref & impt 5s series C___,_
2047
Ref & impt 5s series D__
2047
102%
.
Sault-Ste Marie—
A 1st mge 4Vis
inc ser A—
1971
AGen mtge 4s inc ser A—1991
Mo Kansas & Texas 1st 4s
1990
Minn St Paul &
76%
56
1
67
A-O
AGen mtge 5s conv inc
(Wise)
.
A-O
107
58%
12
•
-.102
102
•
__
10a
91%
68%
*64%
M-S
1998
20T4
Norfolk St Western Ry 1st gold 4s_1996
North Central gen & ref 5s
...1974
1st
17
78%
101
101
J-D
115
84%
4
96
64%
65%
M-S
Northern Pacific Ry
J-D
116
110%
Norfolk Southern Ry Co—
M
Central RR 4Vis ser A
1960
1st mtge & coll 4s ser B„.
1954
Manati Sugar 4s sink fund__Feb 11957
AManila Elee RR & Lt s f 5s——,1953
-
■
&
Y Telephone 3Vis series
V Gen
Maine
116%
115
107
104%
.
__
;
F-A
108%
1
—
"
1967
(§AN Y West & Bost 1st 4%8—..1946
i.Niagara Falls Power 3%s._,
..I960
Niag Lock & Ont Pow 1st 5s A.
1955
.
108% 109% a/
■
■'/
Vi
108
110%
*98% 102%
1992
(SAN Y Susq Si W 1st ref 5s;._
• JA2d
gold 4Vis
8 A General gold 5s
ATerminal 1st gold 5s
L,.
t
11
105%"
105%
A-O
■
107
'
'
?
105%
24
105% 105%
M-S
RR—
.1947
•
N Y Steam Corp
"
•
J-J
M-N
Light 1st mtge 2%s_l975
Putnam 1st cons gtd 4s
1993
Power
N Y
4s_-
N Y Queens El
M-S
109
108
106%
4
119% 119%
119%
6
A-0
M-N
(AN Y Ont & West ref gold 4s
132%
127 %
11
132% 132%
1
106%
A- O
RR—-
series E
gold 4 Vi8
& Cine Div 4s_
Knox
12
57
1965
Mob & Montg 1st
Atl
88 Vi
Vi
59 Vi
M-N
5s_195i
;—,—2003
1st & ref M 3%s series F.__,._2003
Unif mtge 4s series B ext
.—1960
Paducah & Mem Div 4s,—...—1946
St Louis Div 2d gold 3s
1980
& ref 33/»s
1st
91
55
1949
1949
—1949
deb 5s_—
P.1951
1963
1st 5s series A...1969
Elec 3Vis
—1966
Louisville & Nashville
74
57%
58
M-N
Long Island unified 4s__
Guaranteed ref gold 4s—
stamped-..,
95
17
95
1973
1947
ANon-conv deb
3%s_i.
1954
ANon-conv deb
4s___i
:
....1955
ANon-conv deb 4s
:
1950
ADebenture certificates 3 Vis
1950
AConv deb 6s
1948
8 A Collateral trust 6s—;
1940
ADebenture 4s
s
1957
A 1st & ref 4Vis series of 1927
1967
(AHarlem River & Port Chester—
1st 4s
1954
•
Liggett & Myers Tobacco 5s__.—-1951
Litie Miami gen 4s series A—
1962
4s
87%
85%
86
86 %
J-J
93
5
...2043
113%
2
116
95
High
112
*113% 115
*116
M-N
3Vis—...
deb
ANon-conv
85
1
F-A
2003
2003
2003
2003
2003
Lehigh Valley Terminal Ry ext
Lex & Eastern 1st 50-yr 5s gtd
90
88%
....
Low
6
109% 109%
F-A
1973
(N Y New Haven & Hartford
ANon-conv deb 4s
i.
93
Lehigh
5s
95%
January 1
No.
112
J-J
4%s series B...
93
89%
94Vi-
•
*88
F-A
100%
112
Range SInee
Sold
High
J -J
...
Mtge 4s series B
N Y Lack & West 4s series A
100%
98
Bonds
Friday's
J-D
Harlem gold 3'/is.
St
Mtge 4s series A
92
04Vi
1964
1974
1974
1954
1950
stamped
5s
N Y
100
100%
:,94 Vi
F-A
1964
ref sink fund 5s
1st &
1st
1954
stamped-^
5s
V
106
99%
102 Vi
*97
or
Bid & Asked
1948
1949
2000
2043
Lt H & Pow gold 5s
Purchase money gold 4s
N Y Gas El
—
*85
.
High
106%
*99% 100
F-A
Sale Price
Low
104
"■106
M-S
Last
Period
104%
5
106 % 106 %
106 Vi
A-0
1954
ref sink fund 5s
&
1st
Low
Interest
Exchange
January 1
No
Uiah
Low
J-J
Sold
Bid & Asked
New York Stock
Range Since
Bonds
Friday's
Week's Range
Friday
BONDS
Week's Range
Friday
BONDS
5
m
CHRONICLE
& FINANCIAL
THE COMMERCIAL
*104% 106
93%
93%
6
104%
95
95
6
84%
99%
94%
95%
6
84%
99%
BOND RECORD
NEW YORK
FOR
RANGE
JULY 27
WEEK ENDING
"
"
Last
Interest
Exchange
Stock
Hiah
Low
'1st
gen
1st
gen
El
Pwr
1st
3Vis
M
—^
Vis
Pressed 8teel Car deb 5s
1st mortgage 3
*125
*127
*117
J-J
F-A
Securities 4s
;
1
&
ft ref
5s
mtge
mtge 8s
ref
ft
1st
1968
.—1972
2037
3 Vis
ref mtge 3s—
1st
1st
Af.-N
■
J-J
j?
■
107%
Remington
Rand deb 3%s
& Saratoga
*242% 250
100'A
9
101% 102
•
*107%
k.
102%
M-N
*103%
106%
107%.
108
103%
24
,
"
105%
;
71
70
—
M-S
*125%
MS
*110
_3
.
98%
4
108% 109
J-J
68%
'
&
ref
5s
series
B
&
ref 5s
series
C
110
71
21
51
23%
11
16
32
30
24%
gold 6s
2d
J-J
Gulf Division
A 1st 4s stamped—
A Certificates of deuosit—
Mt & P 5s stpd
1958
San Francisco Ry
;■
APrior lien 4s ser A
—1950
ACertificates of deposit
APrior lien 5s series B
1950
ACertificates of deposit
ACons M 4%s series A
1978
ACertificates of deposit stpd_»___
Louis-Southwestern Ry—
4s bond certificates
1989
1st
Pacific RR—
| A 1st term ft unifying 5s
AGen ft ref gold 5s series
,
Depot 3'/as B
1971
Schenley Distillers 4s s f deb
1952
Scioto V & N E 1st gtd 4s
1989
tSeaboard Air Line Ry—
8A 1st gold 4s unstamped
1950
ACertificates of deposit
§ A4s gold scamped
1956
A Certificate of
deposit
8 ARetunding 4s
1959
A Ctfs of dep (N Y Trust)
A Ctfs of dep
(Chemical Bank)—.
;
■
—
(Guaranty Trust)—
ACtfs of dep (Chemical Bank)—
J§AAtl & Birm 1st gtd 4s,
1933
ACertificates of deposit
JASeaboard All Fla 6s A ctfs
1935
Shell Union Oil 2%s debs
1954
2%s sinking fund debentures
1961
1941
1950
1964
1963
tr 7s
t§ASilesian-Am Corp coll
Oil 3s debentures
debs—
Sooony-Vacuum Oil 3s
Ala RR gtd 5s
South & Nor
3s
1962
1979
Tel & Tel 3 Vis
Bell
Souih
debentures
43%
1977
1968
1969
1981
1950
.—1958
(Oregon Lines) A
4%s
1st
Gold 4'As
Gold 4 '/a S
Gold 4'As
1st 4s
South Pac RR 1st* ref gtd 4s
Term
Fran
San
1st cons gold 5s
Ry
4s series A
Devel
&
Devel
ft
gen
Devel
&
gen
Mem
St
37%
51%
45
37%
50%
V
;v;'V
92
92
92
J-J V>v
83%
83%
85%
45
72
95%
81%
>83%
43
72
100'/a
J-J
j•
'V'VV
*112
J-D
F-A
*105%
A-O
102 Va
m-s
6
M-N
V;"
102'/a
--
A-O
109
*__
:
.
106
/
Walworth Co
••V
—--
Hi i
i
tn»
M-S
39%
54%
50
53%
10
52%
74
10
53 Va
74%
•
•
;
,
••
'■
40
17
101%
103
2
101%
103'/a
*71%
F-A
gen
6s
6%s_
—
1st gold 5s
Div
Louis Div 1st
gold 4s
1994
1958
.1950
1956
i998
_1951
series A
1977
126
J-J
M-S
102%
M-S
99 %
110%
103%
174
92%
105%
99'/a 100
98
99%
81
85%
101%
M-N
99%
M-N
99'/2
102
104%
J-J
5s_„
-
1st 4s guaranteed
t A Wisconsin
S B
of
7;>
103%
104'/a
123
101%
109
105
10
105%
AA'-•
106
104
107
included in the year's range,
104% 105%
73
104%
106 7/a
not
123
3
24
26
2
22
106%
105
105%
101%
78%
105%
102
117%
107%
110%
107%
108%
114
107%
105
106%
92%
,'->5* 6
192
Af-N
1968
1971
A-O
J-J
.
—
78
53
4
105% 105%
23
104% 104%
.*117% —
82
83%
22
'
—
109
105%
107%
102%
83'A
—
*27% 29'A
106
106
*108% __
__
.
__
—
2
—
90
104% 106%
104
105%
117% 117%
79
79%
19
—
93
109
108
108%
103%
74"% 87
109% 110%
103
—
—
28% 29%
28%
106
:
86% 89
83
85%
110% 110%
86%
V
105%
101%
117
5 V 106%
—
—
20
106
109
95
92%
38%
35%
108%
110%
101%
84
107%
—
5
8
90
100
84% 95
99% 101%
100
102%
102% 103%
60
73%
■
107%
105%
106%
*102%
—
194{
4s
Public Service 3%s
85
106% 107
'
—
1936
••
107% 107%
—
.
1
101
105% 106-
/V-
V V
6
6
3
.
107% 108
—
M-S
—
Af-S
105%
A-O
—
J-J V V Vy%_
J-J
82%
deposit
Wisconsin Elec Power 3%s
Wisconsin
—
105%
J-J
1958
I960
Central 1st 4s
ACertificates
5ASu & Du div ft term 1st
ACertificates of deposit
105
a
Deferred
included
delivery sale
In the year's range,
d Ex-interest,
e Odd-lot sale
Under-the-rule sale not included in the year's range. rCash
y Ex-coupon.
not included
n
130% 131%
43
104%
104
104'A
82
3
115% 115%
132%
95%
111
^Companies reported as being in bankruptcy, receivership, or
the Bankruptcy Act, or securities assumed by such companies.
*
117
117
122
119'A 120
13
j-j
124% 125
4
116%
125
J-J
109
2
106
109 %
109 %
dollar quotation per .200$4.8484.
reorganized under Section 77 of
; ;
V
:V:V;.'"M
being transacted during current week. V/VA'
tThe price represented is the
Accrued interest payable at the exchange rate of
pound unit of bonds.
105'A
not
sale
in the year's range,
§Negotiability impaired by maturity.
130 %
120
V'V
*103'A 107%
*101% —
*116% 118
106% 106%
—
•
J-J
1970
1st 4s
1
375
A-O
A-O
100%
•100%
118
M
102% 102%
72% 73%
__
—
'
2361
1949
4s
243
100
99
J -J
A-O
'
72'A
Af-N
J-D
Af-S
M-N
106% 106%
A-O
115
25
108
101
101
,
-May
4'A?
gold 5s
108%
107% 107%
107%
—
1950
1951
1960
1951
2361
Union
Winston-Salem
130
103'/a
2
__
104
109 %
95
95
91% 92
100% 100%
95
inc ser A—2014
Telegraph Co—
Pacific 4%s
Wheeling Steel 3% series C
Wilson & Cn 1st mortgage 3s
107%
V 14
*130
A-O
.
112%
105
.
J-J
5%s
ref
Registered
103 7/a
105%
103'/a 103%
A-O
107%
109%
108
J-J
A-O
West Shore
101%
*5 •"}:
106% 106%
109'A
104%
V 98%
109
J-D
Westinghouse El ft Mfg 2%s
80
66
79
*101'A 103%
F-A
107
106%
104
104
Q-Af,
1948
1966
1952
Wheeling ft Lake Erie RR
J-J
107
2
100% 100%
Af-S
F-A
1967
30-year
49
24
25%
••
106%
104
103%
,
Apr
F-A
1955
series I
Funding 61 real estate
100'A
103'/a 103'/a
24
102%
•.
105%
„
*117%
Apr
•
-
Maryland 1st 4s
25-year
102% 102'A
F-A
J-J
J-J
1
__
*114
—-1955 V'V'V A-O
3%S
Western
101
81
•
26
103% 104
104
32
105
:yv is
V
*105% 107
Af-N
ref gtd gold 3%8__2000
Western
78%
'
1981
B——1991
1971
1st mtge 4s
Petroleum
RR 1st
mtge 3%s
Power 3%s
ft
1st
74%
68
M-S
113%
20%
103
'
B
ser
Penn
West
Western
68%
68'A
110
A—.w
106% 106%
__
F-A
J-D
Gen
54
'
■
106%
55
103% 104%
104%
..
Washington Terminal 2%s ser A-.1970
5s stpd gtd
1950
53%
39%
67%
67%
67 Vs
'
'■ \
104% 104%
■
A
Washington Central Ry 1st 4s
86% -119%
18
67'A
67%
6 7'A
.
105% 105%
105%
Af-S
Westcnester Ltg
39%
51
51%
55%
—...
120
3
'■■■
50
51%
50
.
.
109'A
86
4
108% 109
.
A-O
114%
89 Va
3'As
mtge
Warren
4
108% 108%
^
103%
*,
lnc series
4s
mtge
1st
133
87%
V-
108% 108%
V
v
1995
mtge inc 4%s series
Warren
A-O
5s
cons
Gen
105%
139%
47
105
105%
Va
viva
62
40%
104 »A
*131%
Vp
■
A.
V__yv.'.:..:
*29
*103
Af-S
J-J
—1958 -A-O
2003
1st gtd 5s
Gen
__
ZZ
*110% 111
A'
—
:VVV;_..
1st gold 5s—1949
Coal & Coke
Wabash RR Co—
..
75
c 57'A
55
55
'•
103
97%
87%
7
105
101%
2
60
103
116%
108
32
116% 116%
1st
f 4s series B
s
Virginian Ry 3s ser B
J-J
Stamped
Southern
& Southwest
45%
43%
Pacific Co—
8outhern
Iron
Va
V V 22
44%
of dep
Skelly
Va
70
157
■;
94%
85'A
51
105%
*106'/a
F-A
M-N
Vandalia RR cons g 4s series
J-J
1948
series A_
6s
cons
71%
13
y- M-N
68
51
63%
65'A
87
—
—'
A-O
Af-S
51
62%
43%
V
:r'k
99
48%
V, V; 21
103%
103
;
42
54%
104%
■
623
60%
62'A
m-s
-
66%
61%
,-v
J-J
A-O
M-N
J-D
•48
59
90
52%
106%
106%
99%
103%
Cons
59%
,
99%
92%
—
89
101% 101%
M-N
A-O
J-J
A—1958
1957 *.
Virginia Electric & Power Co—
"
' '
1st & ref mtge 2%s ser E
1975
V.'v.
100
26
105%
100%
29
32'
*104
F-A
496
:V
587/a
62'A
*
ACtfs
98'/a
37
105% 106%
106'A 106%
105% 105%
105%
105%
J-D
Af-S
1955
1959
Pictures 3%s debs
Universal
65
100%,
60%
-
J-J
Paul Union
A 1st
95
:'W
'•#*
62'A
—_
1990
8t Paul ft Duluth 1st cons gold 4s_1968
t§ASt P & K C Sh L gtd 4%s
1941
8t
100
*__
100%
J-J
1952
A
•-"
150
103% 103%
1947
1970
1971
1980
34-year
96%
797/a
V'
V
v.
107%
108'/a
130
147%
*
grant 4s
land
&
-
3'As deb
35-year 3%s deb
Ref mtge 3%s series A
United Biscuit 3%s debs
103%
81
—
98%
m-n
Nov 1989
bond ctfs
2d 4s inc
A
V;
109%
104
106'/a
4"'
U
106%
103%
__
*90'/a
:
J-J
St L Rocky
fSt
*103%
■
•
1933
ISt Louis
''•»
104%
3
•
*94%
A-O
River &
§
:
$
105%
105
J-J
1996
____1990
Mountain & Southern—
jgt Louis Iron
VV 105
„
,
69%
54'A
1971
1945
1967
3%s
tS A Union Elev Ry (Chic) 5s
Union Oil of Calif 3s debs.r—
Union Electric Co of Mo
1st
A-O
'i-
J-J
A-O
J-D
27
17%
24
20
106% 106%
*141
107%
129
105
7
104% 105
J-D
75%
67%
23
24
107% 108
108
109%
J-J
J-J
— —
128'A
V--i VV:-V
of New Orl 3%s._1974
1st ref 4s
Ry
Ave
.
106'A
126
*107% 107%
108%
108%
D
series
Pacific-Missouri—
1960
A Ad) income 5s
Jan 1960
Tol ft Ohio Cent ref & impt 3% 8—1960
Toronto Ham & Buff 1st gold 4s„1946
Trenton Gas ft Elec 1st gold 5s
1949
Tri-Continental Corp 3% debs—-I960
79"%
110
9
ref 5s
*111% 111%
*127
M-N
J-D
A-O
A-O
J-D
2000
1977
1979
1980
1st gold 5s
Pacific
&
Third
110
M-S
196P
1947
1959
1968
Pac Tenn RR
108%
109% 109%
1950
3s deb
Company
Gen &
—
—
MS
103%
2019
debentures
Texas
M-S
112
^
J-J
J-J
J-J
F-A
A-O
1953
gold 4s
imp M 4s ser C
&
Union
Saguenay Pwr Ltd 1st M 4Vis
St Jos ft Grand Island 1st 4s
6t Lawr & Adir 1st gold 5s
f
s
impt mtge 3%s series B—1974
Gen
107%
104%
--
__
106% 107
„
A-O
101%
5
St Louis—
ot
Assu
refund
ft
Ref
102'A
RR
Gen
"
101%
110%
101% 101%
line 3s
mtge pipe
TexaB
J-J
106
~2
>
Transmission—
&
Gas
Tennessee
Tcxarkana ft; Ft Smith 5%s A
2
106% 106%
106%
RR Co-
(4.7% for 1945) due_1975
Revere Copper & Brass 3Vis
1960
j§ARio Grande West 1st gold 4s__1939
A 1st cons ft coll trust 4s A
1949
Rochester Gas & Elec Corp—
Gen mtge 4%s series D
1977
Gen mtge 33/»s series H
1967
Gen mtge 3Vis series I
1967
Gen mtge 3'As series J
1969
JfAR I Ark & Louis 1st 4%s
1934
t ARut-Canadian 4s stpd
1948
ISARutland RR 4Vis stamped
1941
mtge
Gen
104%
M-N
•
157
245
R
Rensselaer
106%
1965
■
108 %
155
224%
101%
A-O
105%
107%
105
104% 104%
3s
1951
1956
103
105%
106
M-N
Texas
Cent coll 4s
3
8
106 Va
J.- *104
:•>. M-N
Gen
Reading Co Jersey
104% 104%
'.
>1961
Ref
J-J
106%
110%
Q
1964
66%
105%
103%
28
106
J-J
Swift ft Co 2%s debs
1st
deb
107%
57
103%
103'A 104%
_1950
Terminal
Quaker Oats 2%s
104%
.
J-D
1959
debs
18
•:
*104% 104%
Superior Oil 3%s debs
43%
*151%
__'.
Oil Corp 3%
V-
64%
*60
High
109%
105
14
103 Va
110
110%
*107% 108%
—.
.
.
J-D
2037
.
*110
__
.1953
debenture
2%s
103%
25
103%
■
•
Public Service El & Gas
101
2
35%
*100%
J-J
101%
104'A 108%
;
Low
107%
No
■
107% 107%
F-A
Range Since
January 1
Sold
Hiah
105% 106
J-D
Sunray
*--
■
"
M-S
.
J-J
107%
-1961
Standard Oil N J deb 3s
Bonds
Friday's
or
Bid & Asked
Apr
__
102% 102%
Af-N
1956
4s
94%
2
*102%
1968
series C
ref 3s
ft
Stand
104'A 104%
-
J-J
1957
Terminal
1st
J-D
ASpokane Internal 1st gold 4%s_ -2013
.I960
Oil of Calif 2%s debs
TM11f|'
■
.
100% 100%
J-J
1951
J A Providence
lAProvidence
;
__
.1964
Bell Tel 3%s B
Southwestern
|L_L
,
J-D"
Sale Price
Low
106
106
J-D
1977
lnc deb
5%
Co
_»Pitts ton
Potomac
F-A
"■
Last
Period
High
Low
No.
Week's Range
Friday
Interest
January 1
*106
■-
'«•«-
•
York Stock Exchange
New
Range Since
'
1977
1964
196b
series D
4V28
uSt
•
J-D
1948
1962
1974
1st 4s ser A
58 series B
!
5s series C
Young & Ash
Pitta
/
Sold
Bid & Asked
Sale Price
Period
Bonds
Friday's
or
«
BONDS
Week's Range
Friday
BONDS
New York
Monday, July 30, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
480
"Friday's Bid and asked prices;
V
A Bonds selling flat.
,
,,
sales
no
"V".\
VVy,..
-;.A't A' V
\.v
m
AAAAVV new york curb exchange
WEEKLY
21,
July
and
include every
record of the
RANGE
York
Curb
Week's
Friday
STOCKS
New
■
transactions of the week, and when selling outside the
for the year.
'
'
V V ,
Sale Price
•
transactions
on
FOR WEEK ENDING
of Prices
Shares
Low
V of Prices
Low
Aero
Wire
Motors
wu
Jan
Jan
lo
.T^n
,
Associates Inc
Air
Investors
3% July
5'A
Great
—50c
9
—_3
—*
50
.124
:—
Appliance.;
Southern
Range Since January
Low
Hiah
5% '
,
8%
9%
18,500
5%
Jun
5%
126'A
1,200
3%
Jan
140
99"%
Jan
124
Feb
13%
300
9'/a
Jan
15'A
Jun
11%
12%
500
11%
Jun
13%
Jan
3%
preferred
page
'Alabama
22% May
3%
13%
12%
(N J)
see
Corp
Air-Way ' Electric
Apr
13%
common
footnotes
Aireon Mfg
7% May
32
3%
Air
For
200
Sales
Shares
1
High
10% July
6% July
132
July
.
B
Ainsworth Mfg common
Convertible
V
___
Supply Mfg class A
Class
6'A
2%
27%
6
warrants
common
'
for Week
'5%
■
AGF-Brill
,
beginning on Saturday,
itself, and is intended to
V
Range
Par
High-
.
Week's
Sale Price
Range Since January 1
High
JV
Last
Curb Exchange
York
..
Friday
STOCKS—
New
for Week
Low
V
JULY 27
Sales
Range
Last
Exchange
Par
Acme
regular weekly range are shown
the New York Curb Exchange for the week
ending the present Friday (July 27, 1945).
It is compiled entirely from the daily reports of the Curb Exchange
security, whether stock or bond, in which any dealings have occurred during the current year.
In the following extensive list we furnish a complete
v
RECORD y;
AND: YEARLY
NOTICE—Cash and deferred delivery sales are disregarded in the week's range unless they are the only
in a footnote in the week in which they occur.
No account is taken of such sales in computing the range
3%
3%
1,300
2 'A Mar
4%
Jun
36'A May
37%
Apr
4
2,500
■■■■+
485,
■
Alabama Power Co $7
preferred
115%May
*
$6
L
Alles
preferred.
...
& Fisher common
Allied Int'l Investing
$3 conv pfd__—
110,
108% 110
20
106
Jan
.6%
Apr
41
Jan
-118% Jun
110
July
10
Feb
*
48
Feb
THE COMMERCIAL &
Number 4407
[Volume 162
FINANCIAL CHRONICLE
NEW YORK CURB EXCHANGE
RANGE FOR WEEK ENDING JULY 27
Week's
Range
Sales
lor Week
of Prices
Shares
Friday
STOCKS*—
,
York Curb
New
Last
Sate Price
'
Exchange
Par
Allied
Products
Class
A
Range Since January 1
Low
High
Jan
39% May:
Hijh
34
.
34
100
29
33 %
—
-29
common./.
conv
low
-10
(Mich)——
33 %
100
30
42
Aluminum Co common—
6%
.100
preferred.
Goods
Aluminum
41%" 43
114 y«
114% 114%
Ltd
39
9
49
Jun
117
Feb
112%
Jan
19%
Jan.
100
15%
350
18%
18%
100%
common....—
100% 106
List of
;
May
Jan
36V4 Jan
5,400
250
86'/a
Mfg——.
Aluminum Industries common—
Aluminium
,
Jan
8% Jan
—
Altorfer Bros Co common———
21%
26
117
Jun
Jan
110% July
2 Va Jan
Dividend Records
Jan
Jan
with Long
Jun
Jan
New York Curb Exchange Common Stocks
■
request
on
'
6%
2'/a
100
108
50
50
50%
60
46
19%.
19%
21%
900
11%
47%
47%
49%
850
46
45
46%
300
2%
-—100
preferred.
1% Mar
American Beverage common—
—1
American Book Co——-——100
Mfg——
1
American Cities Power ft .night—
Convertible class A—.——29
Class
A—-—25
Class B
.———
1
Central
American
-
~5%
American
American
Fork
American
Gas ft
&
%
Jan
17%
Jan
Jan
38
American
19%
250
36%
4,100
July
July
49% July
Cable Electric Products common-
24%
Cables
19%
20%
350
18
35%
35%
36
650
32%
Jan
22%
23%
12,300
17%
Jan
24%
preferred————
25
Mfg Co common—.——..100
Maracaibo Co—....
~1
American Meter Co—:.————.—•
American Potash ft Chemical
—•
.10
Republics
.
American Seal-Kap common— —2
.108
Amer Superpower Corp com
27%: 27%
27%
6%
61
r3%
American
Jan
,
Mar
25%
50
3%
54
July
Apr
Jan
Jun
Callite
Mar
Camden
Fire
Canada
Bread
Jun
46%
225
41%
Jan
53%
Jun
12%
13%
2,500
1%
1%
28,500
12%
1%
1st
133
preferred—.————
$6
American
Writing
Anchor Post
Paper
4%
Jan
8%
300
5%
Jan
5%
5%
300
3%
Jan
18 Va
Jan
20% May
Jan
"3%
3%
3%
23%
3
100
Jun
non
Capital
ft Co
May
Carter
(J W)
Casco
.3 Va
3Va
21%
19%
21%
Jan
Castle
(A M)
5%
3%
Jan
6%
Jun
Catalin
6%
3%
Jan
10 V8
Jun
110%
Feb
;
11
16%
19
16% July*
4,500
8%
8%
2,300
Corp
1%
1%
700
7%
8%
73%
73%
75%
1,600
75
ft Elec
1%
l7/a Mar
Jan
17
102
7%
Apr
pfd opt div
ser..—
Conv
Jun
pfd opt div
ser
11% Feb
85 % Jun
Chamberlin Co of America
58 %
Jan
2%
Jan
4Va
Jun
Gjiaris
400
10%
Feb
12%
Jun
21%
22
1,100
17% Jan
24%
Jun
Cherry-Burrell common
Chesebrough Mfg.
13 V2
15%
1,100
12
18%
Jan
6Va
100
Apr
5% Jan
12
12
12%
300
10 Va
Jan
15
25%
26
100
23
Jan
26 Va
18
18
100
8%
16 Vs Mar
Corp
4
33
1,200
29% Jan
10%
11
X
Bell Tel of Canada
12
37
May
Jan
15% Jun
40 %
Jun
43
100
12
10 Va
Jan
12 %
10%
—
4Va
18%
6
4%
3
7,700
12%
Apr
Apr
May
Feb
Feb
5
July
20
Jun
MOO
6%
15%
Apr
500
19
5%
Jan
7%
8% Mar
106
12%
30
4%
4%
12%
11%
Mar
9
Jan
100
30 Va
900
18 V2
1,400
3%
125
May
100
Feb
Jan
Mar
12% July
Jan
4%
31
5%
60c
common——...*
Convertible preferred——.—
,*
Berkey & Gay Furniture—..
1
145
Jan
152 Va
Jun
Mar
46%
Feb
46
Jan
36 Va Mar
2%
..
Birasboro Steel
Blauner's
15 Va
15 Va
600
13%
30%
50
29%
————.1
common
1st preferred
.
preferred
Mining—.
Controller
Claude
55
900
51
Jan
57%
Feb
20%
21%
500
15%
Jan
24%
Jun
Jan
22
Jun
,
,
Am
80
110
Jan
37
100
32
Jan
37
Jun
Jan
14 Va
Apr
%
Jan
2
May
34%
Apr
Apr
48
Neon
Cleveland
~3
800
British
~3%
2%
22%
n..*
22%
23 V4
2,100
20
16%
17%
700
15
4%
4%
4%
6%
7
2,300
.
3%
1,100
20%
20
May
Jun
35
May
Jan
common
227/a May
22
Jan
5% Mar
6%
—*
6%
22%
Brown Rubber Co common.—1
4%
96%
'5 ■'
.
3%
Jun
5%
300
Jan
8%
Jun
20
Feb
90
91
Feb
—*
Buckeye Pipe Line.—..
Power—
preferred,...
,
Sullivan..^.
9%
Jan
Mar
Jan
•
115
.
26%-Apr
96% July
5% Jun
39
Jun
lOVa
Feb
3,200
10
Jan
13% July
12,100
20%
Jan
Club
Lights
Coal
Aluminum
Cockshutt
Colonial
37/a
750
111%
Jan
Fire
Jan
1%
Jan
■14% May
2% May
3
Jan
Jun
7,000
675
19
July
32
Mar
230
63
Jun
78
May
v
20
10
50
4%
2,700
4Vb Mar
so
.V
30% Mar
5V*
8%
Feb
10%
:
20
Jan
13
16% Jan
36
—
37%,
12 Va
150
'
—
1*
1
—
—
19%
127%
1,450
ll7/a
122
124%
200
Jun
Feb
.122% May
24%
Jan
-
Apr
1%
Jan
117
Jun
40% July
14% Feb
Jan
16 Va
9,200
Jun
.
127%
41 Jan
85
325
20 Va
18%
Jan
1,200
1
111
110
",
•
15
34% Feb
11% Jun
200
12
36%
Jan
21
112
'
20% Mar
July
19% July
4%
; '■
Jun.'!
142
Jun^
'
'
11%
Jan
2Va
2%
11%
200
8%
9%
Feb
19%
Jan
25%
Jun
1%
Jan
3Va
Apr
8Va
Jan
22%
Jun
Jan
9
1
Jun
Jun:
Jun
1,300
12,000
97/a
22
20.
20
23%
335
2%
9%
97/a
11
110% Mar
20
122% 124
122%
1
Jan
s
4
17 Va
17%
400
Illuminating——*
41%
41%
42
350
35% Jan
43
44%
42
45
700
28%
46% Mar
Mfg—
—
—.100
.....
17%
Jan
Jun
'
CO;
*
common...
ordinary
'
17%
Arms.—.
...
,
17%
18%
5%
6 Va
1,000
1,100
35%.
35%
36%
92
29
91
93
6%
:
Jan
4
■
4,400
2,100
5%
1
—
4%
4
11%
200
13
12%
"4
....
3% Jan
700
5%
5
.—._.*
Airlines..
Patent
5Va
B Apr
4%
*
Inc.—
Co
Plow
Feb
67
Jun
13% July
July
May
6V»
Feb
20%
Jun
Jan
8
7%
Jun
5Va
34 Va Mar
41% Apr
Columbia Gas & Electric—
5%
preference
Commonwealth
Community
;
——
ft Southern
.—100
wariants—
"l%
$3
preferred
95
1%
1,000
N
150
11%
1%
200
n%
77%
1
15%
79
7 Va
Feb
Jan
12 Ve May
79
July
•"
115%
50
114% July
118 V*
Jun
109
100
Consolidated Gas Utilities————1
Consolidated Mining ft Smelt Ltd—9
Consolidated Retail Stores.—— —1
Consolidated Royalty Oil—;—,——10
C—
109
30
106 Va May
110
Jan
Apr
525
43%
Jan
65
13%
13
v.-
5%
1,200
8%
Jan
Jan
14%
25 Va
Jan
7%
Jun
2.3% Jun
60
59
13
7%
1,400
7%
6%
■
'
.
43% Mar
Jan
67 V4
500
800
Jun
2Va
Feb
Jun
115
series B preferred--——100
series
-
11%
77%
1
Co..
Jun
2Va Mar
Jan
1%
.
Jun
Jan
13%
July
r?2
36 Va
Jan
'Tv.
Biscuit
preferred
4%
27%
41
Consol GELP Bait common——
4%%
200
1%
"l%
Conn Gas ft Coke Secur common——••
Consolidated
-
•
13%
1
......
:
Jan
1/64 Jan
5,200
35
34%
Public Service..—.——.29
Service—
—1
Compo Shoe Machinery—
V t c extended to 1946_
33a
A
A
:
71
490
1
2V8
2%
800
21%
800
6V4
5,300
1,200
Jun
May
Jun
3% Mar
18% Jan
47/a Jan
20%
2%
13% Jan
'
Consolidated
Steel
21
Corp.————*
prior
preferred
57/a
6
Co.——
—10o
Fdy & Machine Co—.1
Continental Gas ft Electric Cc-.-
Consol Textile
20
20 Va
Continental
■7%
20%
15-
J an
20%
Apr
1,150
7% May
9%
Jan
2,100
tV Jan
i
•lit
:
"3
•
preferred A—:
~3
"5 Va
96 Va
96%
3Ya
3%
.
Petroleum common—, —1
5 %■ convertible preferred——, .50
Courtaulds Ltd—
3%
Cosden
2
84
American dep
Co..
•
———
9%
'
—9
.250
3,200
1%
2,800
1
8
8
■8%
l.ooo
8
preferred...
Atlantic
Cuban
Tobacco
Cuban
Curtis
Curtis
....—.v
4Va
;
15
,100
1,200
riva ~33/a
•
;
100
25%
25%
.
40
26%
5,100
.
V
V
31% May
-.11%
|
'
Feb
Jan
10%. Jun
19%
Jan
Apr
2Vi Jan
Feb
4% Feb
28
•
July
-4% Mar
Apr
61
Jun
22% Mar
31
Jun
12 Va
:
2.50
-
1%
Jan
32
53 Va
|
July { j
■
,
3%
.
52%
.
7% Mar
,
2,000
25 V*
•'
——....5common.———.,;
—*
common
3%
1%
Z10
Sugar..
Lighting Inc
Mfg Co (Mo).
10 V*
16%
.25
-
Crystal- Oil Refining common.—.
9%
16%
.
Feb :;
10 ye May
July
9 Va
3%
40.
v
Jan
,
Feb
:
Jan
■27%.
1%
Feb
109
;
25% Mar
26%
:..*
Crown Drug Co common—
convertible preferred.—.
Jun
1%
—1--
International A——.
$6
32
50
26%
—9
.—
Crowley Milner ft Coi—
Crown - Cent Petrol
(Md)
Crown- Cork
Jan
4
2% Jan
receipts (ord reg). .£1
Petroleum——
Brewing
10
300
-
21% May
.
Jan
1,300-
38
38
'
Croft
Jun
14% Mar
'
—1
ft Reynolds.—
-100
8%
■■
Creole
Apr
18%
7%
.
Coro Inc d- —*
$6
113
108% Jan
18%
8
Co.
Cornucopia Gold Mines...!,———. .5C:
Corr'yoo
220;
112Va 113
—..100
l.
Cook Paint ft Varnish Co.^—
Copper Range
Jun
4% Mar
10%
116 Va July
10%
118
20%
20
—
Colorado Fuel & Iron warrants—
Colt's
1.4% May
122 Va Apr
4%
.———.*
Corp.
Utensil
Development
Colon
Jan
Jan
31
Jan
18
8
Jan
Jun
13%
Feb
37
Jun :> {
28% July
13'A
13 Va
2,000
*
common—..—......250
Jun
12 V4
19
—
■
1%
page 485.
Jun
-
13%
13%
see
30
Jun
27% 28%
,113% 116 Va
12%
27%<
2.50
r
3%
33
dep' rets.:——Burry Biscuit Corp..,
12%c
H)
Apr
100
,
—.——23
Burma Corp;Am
For-footnotes
2,300
■
12%
Buffalo Niagara & East
$1,60. preferred
23
Jan
1,300
.B
common..;
Bruck Silk Mills Ltd.
6% Jun
Jun
Apr
24
21%
96%
IP
Apr
2 Va
....
-
Jun
20%
—.——*
$5 prior preferred
Butler
23 %
19%
300
....•
...
,
1st
Jan
Mar
*
$5
Jun
10%
19% Feb
20%
Class A preferred.
„,
.*
Brown Forman DistiUers...————— I
Bunker, Hill •&
6
.
Ltd—
Brown Fencer &r Wire
Co
Feb
Tobacco—•
—
Bruce1 (E L)
Jun
19
17
21
ord reg
—.10s
Columbia Power class A........*
Class B
Jan
31
Amer dep rets
British
Feb
Jun
24%
6% July
nrr'h'i»Jij».iui.WWW
Celanese
4%
Jan
Oil Co.—
American
135%
-Jan
16%
:
May
107%
20%
—10
Co...
Electric
Clinchfield
Feb
500
"3
100
•
"l% "1%
dep rects ord bearer——.£1
dep rets ord reg—
u.——£1
Am
5% Mar
127
common——*
A
Jan
12%
...
British
3Va
37
Bridgeport Oil Co—
OlESS
4,000
~1%
10
120
Apr
20
■
100
—
Clayton ft Lambert
Jun
127
Corp common:
—1Brewster Aeronautical—
1;
British American
36 Va
Jan
Jun
3%
4%
77/a Jan
: 104 Va
19 Va
__1
—
preferred—
preferred B——
preferred BB
Clark
Mar
54%
37
Breeze
Mfg Co
14%
20%
common—.——.—.*
Brazilian Traction Lgt ft Pwr..
Brillo
15%
Jan
9%
1st preferred
2d
5,000
—
..
17
15 V4 May
Mar
4 Va
———————100
25
*
Inc...
Bowman-Biltmore
$5
14% July
11
10 Va
Co common—
(H C)
Borne Scrymser Co
1%
28
2% Jun
Jan
54%
common——_——l
optional convertible preferred—*
Blumenthal (S) ft Co————*
7 %
1%
50
11%
13
$3
Bourjois
12,800
11%
Blue. Ridge Corp
Bohack
2%
-1
——.—.—.—*
common
Bliss (E W)
2%
Fdy & Mach Co com—*
Bickfords Inc common—
Mar
118 Va May
■
20
Community Water
ft Hedges
Benson
Feb
19 y8
•
City Auto Stamping.——*
City ft Suburban Homes.—:
.10
Jun
Jan
30
152% 152 Va
——100
.
$6
•,
■
5,000
12 Va
12
30 %
Jun
10%
10
64
4
Jan
•
.4. '*%.%•+
«...
•'
19
*
common.
fiChilds Co preferred
-V."A'>
32%
11%
...
Feb
29
130
.25
.4
Cities Service common.—^—.
18 Va
—1
..
13%
13%
—i.—5
Jun
$6
.30
Aircraft common———1
19%
Jan
7% July
common————.10
Consolidated
Chief
May
:
—1
Mills Inc common——.10
Beaum:
Bellanca
Jan
500
•
■
1Q0
Cmcago Rivet & Mach.—
7% May
26
12%
Jan
—5
Chicago Flexible Shaft Co
6 Va
1st preferred—.—..—.—100
Brummel Ties—i—-1
7%
Beau
July
119% July
14%
3,500
••
100
29—
Cessna Aircraft Co xjommon———
13,300
convertible A common———8
Basic Refractories Inc.——-.———1
Baumann (L)
common———*
:
Apr
50
Jun
24
'
.——100
4%
$1.20
Jun
May
19
Feb
117
100
107
106
106
preferred——100
—
Conv
Feb
July
preferred
12%
18
87/a
3%
—•
com
ft Light 1% pfd
-100
Central ft South West Utilities—50c
3%
4%
1
•
8
7%
Steel. Proaucts——1
12%
,
7%
„1
pfd—
.100
5% pfd—100
Power
§Cent States Elec 6%
10% Jun
9% Feb
% Jan
ft
Barlow
42%
25
15%
„
Central Power
3
7%
Gas
Power 7%
Jan;
9%
.101
Steel Corp.———1
Seelig Mfg—
>
Barium
33
8%
15%
.10
—_
America...^....
York
Central Ohio
Banco de
'
Jan
120
50
118% 118%
—_
of
Jan
23 V*
7% Apr
,
warrants lor common—
los Andes—
American shares——.——
Mar
12
Jun
21% July
Ja'n
28
'
Central New
Baldwin Locomotive-
——
4%
'
B
Rubber Co common.—...
8%
163/a
—-
"
50
118%
pfd————
ft Co.
Central Hudson
Feb
113yaMay
:
preferred—.
9% Jun
Apr
1% Jan
.,
Jun
.
114% Mar
:
Purchase
27% Jun
5%
.
■
-
■
7%
.
Apr
Jah
im.wn
7,300
1,025
%
....
Products
9%
Jan
Central Maine
Baldwin
1
Co com———
Jan
Jan
2,200
•
9% July
108 ya
'
7%
1,200
13,200
32%
May
July
"
20%
5j/4
ft Wilcox Co
5
6
'
—
3%
1
:
111 Va
Arkansas Power & Light $7 preferred.*
Babcock
Apr
23
...,
100
10%
21%
•
Jan
25 Va
Jan
22% May
Jan
July
..
common..
310
4%
3%
87/a
6% Mar
20
'
Co
2,700
10%
8%
30% May
3.0 Va Apr
108%
v.,-1 '
Carolina P & L $5
4%
17%
4% May
Jan
8%
...
—
Narration
8%
23%
4%
Equipment Corp.——.
2.50
Ashland Oil Si Reiming Co—.——l
Associated Electric IndustriesAmerican dep rectsreg———.£1
Associated Laundries of America—*
Associated Tel ft Tel class A——*
Atlanta Birm & Coast RR Co pfd—100
Atlantic. Coast Fisheries—
—1
Atlantic Coast Line Co——50
Atlas* Corp warrants—————
Atlas Drop Forge common—.—5
Atlas Plywood Corp—...———-1
Automatic Products——.1
Automatic Voting Machine—.——*
Avery (B Ft At Sons common———S
6 9c preferred—.—————25
Ayrshire Collieries
21%
common.
class A—.—
112%
10%
Aro
7
7 Va
21%
City Products
Carman
Feb
28
.■
Alcohol-
voting
7%
112
8%
4%
Ltd
preference^
Apr
4
Jan
Jan.
5
Canadian Marconi
10%
Jan
200
1
5
—100
Mar
5
800
3% May
7%
voting..
Class B
•
_
preferred—.——--—-—.—
18
7%
4
Jan
6%
Ltd
Industrial
A
Class B
6% July
/
lo
non-voting
A
900
1%
%
Fence—————
class
34%
Class
8%
Arkansas Natural Gas common.—^
6%
Jan
Canadian
1,300
Co,
Participating
Jun
Jun
4%
9%
21%
'May
Jan
3%
..10
Corp
preferred
Jun
133
29%
common-
Anglo-Iranian Oil Co Ltd—
£1
Am dep rets ord reg..
...1
Angostura-Wupperman
...*
Apex-Elec Mfg Co common.—
Appalachian Elec Pwr 4%% pfd— 100
—1
Argus Inc —.—
Common
120%
7%
1%
Jan
4%
~4%
preferred-
Thread 5%
%
50
9%
400
.
Canadian Car & Foundry Ltd—
16% Mar
28%
$6 series preferred—.
American
133
12% July
4% Jan
2,300
Insurance———
Canada Cement Co
6V2%
American
2%
—1
—
Power
Tungsten
Jun
40Va
2%
..£1
pfd.
Estate
Electric
4%
Jan
46%
Sugar
Jan
31
3
.50o
certificates...—.
American dep rets 5%
Caluomia
300
37
3
2
1%
500
.500
Wireless-
Calamba
37%
47%
37
trust
&
Jun
70
1%
9,100.
Range Since January 1
Low
High
High
'
Voting
Jan
29%
51
700
63
3%
Low
c
36Va May
23 Va
American
Shares
11 Va
300
300
41%
for Week
113% Feb
Jan
11%
47%
44
Range
oi Prices
Par
Jan
111%
8Va
300
10%
Laundry Mach—
—20
Light ft Trac common——25
Last
Exchang*
Jun
44
44
Sales
Week's
Friday
Sale Price
Curb
217/a May
31
New Fork
% July
112% 113
.——100
Hard Rubber Co——25
Americr n
New York 5, N„ Y,
7 Va Mar
44'/4 Mar
4
3S2
35%
Corp
American
Jan
36% July
6,000
19%
3.5%
common—10c
$2 convertible preferred——
1
$2.50 convertible preferred——1
General
%
■
common——*
Hoe
Jan
30 Pine Street
6,000
CO.
EXCHANGE
YORK CURB
Jan
48 Va
MEMBERS OF THE NEW
Jun
52
HERBERT E. STERN
Jun
25%
July
; 42 '/a July
2,000
38%
t
'•
Electric———10
preferred
4% %
American
6%
36%
54Va
Jan
STOCKS
Cyanamid Co common—*10
& Foreign Power warrants-
American
5%
36%
——
-
Mar
4%
"6
■
"
1%
"
-2
4%.
,4%
6,
6
18,400
4,000
200
;
4%
Jan
■
5% May
6%. Mar
Davenport Hosiery Mills..
Dayton ■ Rubber Mfg—
rias*
.4. ;■
——1.
A .convertible.————^——35
Dejay Stores
common^
i—X———50o
,
■.
•
~9%
28% July
36%
10
35% Feb
9%
300
30
9%
*
1,100
29
36%
29
7% Apr.
34%. Jun
■40Va Mar
;11% July
|
'
Li V
.;
1
i
THE COMMERCIAL
482
NEW YORK CURB
-«
Co
Dominion
Corp
Driver Harris Co
Duke Power Co
Durham Hosiery class B
Duro Test Corp common
21%
2% July
7% July
Jan
34% Mar
July
Hecla
Helena Rubinstein
Apr
300
10%
Feb
12
Jun
Heller
475
18
Jan
30
Jun
21
20%
22 %
2,100
13%
Jan
25 %
July
preferred w w
Henry Holt & Co common
20%
21%
600
11%
Jan
23%
Jun
32
34 i
36
Jan
20
200
July
Co
4%
4%
4%
Jun
74
91
91%
II
II
"3%
"3%
100
-*
ll3/4
11%
12%
82%
Feb
Jan
66
Jun
84
125
•
Apr
38%
-1
600
; 12%
95
Jan
Apr
12% May
8% May
3%
4% May
Jan
14%
11% July
Feb
preferred
prior
4%%
preferred—
Malleable Iron ——
Eastern States Corp
—
\
$7 preferred series A
$8 preferred series B
Eastern Sugar Associates—
$5 preferred
Easy Washing Machine B
•
Economy Grooery Stores
Electric Bond & Share common.——S
$5 preferred
*
6%
Eastern
A.I
Light 2d pfd
warrants
Electric Power
Option
Co common
Elliott
5% %
preferred
conv
:'Y
44%
750
10%
10%
600
39,700
14%
13%
101
102
102
1,000
lOOVa 101
Feb
60
Apr
33%
Jan
37% Mar
1%
Jan
2%
Jun
47% May
60
Jun
47
May
59'/a
487/b
>\
.
v
28 y8
27%
Jan
157/8 July
9%
Jan
95%
July
101
70
Jan
112
25
4,100
200
11 /
500
■
2
3,900
45%
250
10 v*
1,000
29%
;
45%
10
10
29%
29
32
32
32%-
Jun
July
27/e July
A Jan
11%
Jan
15%
35%
Jan
40 %
Feb
J an
32%
Jun
90
Jun
15
49
Jan
-
105%
7
45%
common————1
Jun
250
;
80"%
iy8
36%
Jan
11%
Jan
53
8%
Jan
13%
3,100
Inst Co
2%
Jan
Jun
48
7% Mar
Jun
12
Jan
43
Feb
12
Jan
1%
Jun
108% May
Jan
11
Jun
100
25
May
32%
Feb
700
31% May
39%
Jun
«
Fedders Mfg Co
3,500
700
--
700
Jun
Jan
36% July
Jun
24%
Apr
75
Jan
v
July
56
5%
8
Jan
May
12
22%
3,200
stock
150
Jan
Jun
7% May
5% Mar
7
Feb
Jun
34
2
Corp common
Co
rower
4 %
13 %
100
Jan
13% May
30
103 %
Jan
107% July
300
5%
Jan
13%
106%
.v
"I
13%
24%
Jun
Jun
Jan
17%
Jan
Jan
82
Jun
Jan
114
Jun
2.80
10
..B
Holophane Co common
.......
Horder's Inc
•
Hormel (Geo A) & Co common
•
Horn (A C) Co common
i
1
Horn & Hardart Baking Co—-—
•
Horn & Hardart common
*
5%
preferred
100
Hubbell (Harvey) Inc..
8
Humble Oil & Refining
*
Hummel-Ross Fibre Corp
—9
Hussmann Ligonier Co.
-•
$2.25 preferred
•
27% May
47
48%
1,800
33
Jan
59%
11
3.500
9%
Jan
12% May
150
14%
Jan
18%
14
Jan
20
37
Mar
40%
8
Jan
23
Jun
May
30% Jan
130
May
Heyden Chemical common
(R) & Co class A
—
47%
10%
Consolidated G M—
,10%
16%
.
16%
16%
'
'
m-m
"
f,\
—
,
r-
purch warrants.
25%,/..
25%
25%
42%
43%
,
—1
-10
—•
•
preferred series A
General Fireproofing common
Elec $6 preferred B
Gen .3as &
General Outdoor Adv 6%
preferred
2
2
800
20%
20
TT"
1
'
.-.v
■.
100
•
—
conv
18"
i,
(AC)
Industrial
Jun
20%
100
18%
Jan
Gleaner
132
10
101
Jan
106
/Jun
84
Jan
108
Jun
$4.50 prior
113
25
113
preferred
■mmm*
Mfg
13%
Jan
4
Mar
104
Apr
19%
Apr
111%
Jan
17%
v
50
Jan
15
110
19%
15%
100
12%
17
Jan
Jun
May
19% May
1,300
17% July
21% May
2,600
17%
24%
18
19
22%
5
5%
4,0fl0
66
66
66%
200
48%
Jan
71% May
36%
36%
40
500
13
Jan
47
July
106
10
103
Jun
106
July
—*
—1
—
-
106
Jun
5% July
51
51
%
Jan
1%
Jun
Feb
39%
Feb
7%
1%
Jan
13% Mar
20,900
—50
*.
—10
Jan
3% May
39%
1
1%
10
47
Jan
39%
Jan
51%
,50
Apr
Feb
45.
45
45%
200
Graham-Paige Motors $5 conv pfd—25
Grand Rapids Varnish—
—1
Gray Mfg Co__
——B
29%
23%
29%
47,100
16%
16%
17%
1,700
10%
Apr
20
r_l
10%
10%
11
1,100
10 Vb
Jun
13%
Jun
92
91%
92%
86
Jan
103%
Feb
common
25% May
450
Jan
Jan
15
Jun
12%
Jan
15
Jun
12
100
11
Jan
12% July
27%
200
26
July
67
90
68
60
"2%
68
Feb
57%
Jan
71
Feb
2% Mar
3
Jan
98%
3
23%
19
4,000
39
37%
—
101%
85
300
Jan
12%
19%
12%
2,900
20
600
1,300
f 2% Jan
100
22% May
7% Mar
29% July
9%
Feb
July
Great
Non-voting
7%
Great
common
stock...
preferred———
1st
Northern Paper
—
—100
25
125
38%
3814
100
17
18%
Greenfield Tap & Die—_——
Grocery
133% 133%
425
18%
2,300
127
Jun
35% Mar
10% Mar
7%
Products common—25a
Utilities $4.40 pfd
100
Stores
Gulf State
109
190
Jan
109
July
8
109
Gypsum Lime ft Alabastlne
13
Co
Bridge
Feb
314
Hamilton
Hammermill
Co
Ltd
-10
Paper
For footnotes
see
page
485.
10%
600
Feb
v
j
53'/a Mar
t
1%
Jan
100
35
35
31% May
Jan
500
"1% 1%
"i%
Jan
17%
Jan
%
■
"I
1
10%
1,000
21%
200
10%
.
1%
21
11
600
700
2%
2%
2%
1%
Feb
Jun
42
1%
Jan
•
Feb
Jan
24
9%
Jan
Jan
i
13% July
1
4 y8 Mar
19
July
'
J.
1
•
Central Pwr & Lt 5%% pfd—100
preferred
—
100
preferred
100
(FL) Co
Jeannette Glass Co
Jacobs
Jersey
6%
.
'
7
Z
7
107
7
107
•;/:/
Jan
'16%
Jun
4%
100
Jan
8
Jun
Jan
107%
Feb
Jan
110%
Jun
114
Feb
75
104
20
108% 108%
108
20
110% 110%
110%
11 %
3,600
13%
12%
13%
xl08% Mar
21%
Feb
24% May
116%
Feb
119% July
—
K
Emil)
Knott
(I B)
Corp
28% Mar
Co
common
Kobacker Stores
Jan
76
July
65
Jan
75
Jun
4%
600
1%
3% Jan
5%
Feb
7
3,900
4%
Apr
9%
Jan
Jan
1% May
2,100
13
17%
Jan
Jan
Apr
27%
Jan
Jun
Jun
16% May
Jan
8% July
10
Jun
Jan
100
Jan
9
900
9
17%
99
8%
18
14%
400
17
16%
8%
17
1
common
new
Apr
43%
15%
•
10
1
common
Rubber Co
Jan
25%
18
52%
If*
—
Feb
12
30
4%
1
•
34%! Apr
50
300
4%
"4%
Jun
19
Jan
75
22%
22
75
•' ///: 64
■
...1
Petroleum
(D
13
850
8 % May
5
100
100
1
1% pfd B
Kirkland Lake G M Co Ltd
Kleinert
400
—*
Co
&
preferred D
Products—
Klein
16%
33%
•
Kingston
Kiibv
10
16
__
—9
Inc
Kings Co Lighting
5%
119% 119%
32%
7% preferred—100
Jan
11%
Jan
23
Mar
Kresge Dept Stores—
4 % convertible 1st preferred
Brewing
100
1
Co
.
"5% ;r6%
frmtm '■
200
,
18%
3 700
5%
1,400
Feb
L
17%
Lake Shore Mines Ltd
1
Lakey Foundry & Machine
Lamson Corp of Delaware
Lane
Bryant 7%
Lane
Wells
Leonard
preferred
Oil
8%
Lionel
Co.—
Lit Brothers
/:-■•/■
62%
1%
1%
3,000
16%
16%
200
Feb-
Jun j
8
•4
29 ,- /
4%'
4
140
Feb
42% July
22%
10
Jun
Feb
114% Mar
10%
Jun
:
Locke Steel
Chain
.——9
^10
'
Long Island Lighting Co—^
"
Common etfs of dep—
:*
preferred A ctfs of dep J
6% .preferred B ctfs of dep
Land
&
I 809
Corp
...
.—
12% Feb
7
32
Jun
20O
14%
■t
37% May
Feb
19
*
19
3,200
Jun
Feb
30%
Jan
Feb
14
1%
Apr
24
24% May
i
18 Vb
1
July
1
4
24
Jan
28,500
;i%
85
85
82%
8p%
3%
■
8%
8%
.
150
Jun
I
2
July
;
96
Jun
89
Jun
15
10% Jan
100
1%
Jun
July
85
82% July
.
4,200"
>
-
8%'July
11%
Feb
114%
110 '
"
37
,■
3%
3.9 %
1
3*7%
'i';' 250
3%
1,100
20
300
—
•
y
■
,.a.
82%
—
:
!■
"4%' jun
Feb
Jun
—
:
:
1
Jan
Mar
2%
•
,■
85%
-.8%
Manati Sugar optional warrants——-
4
Jun ;
•
pfd
common.
Mangel Stores common
$5 convertible preferred
Jan
Feb
27%
"
s
,
Jun
2%
Jan
13%
50
.
21%
13%
1%
Exploration.
Louisiana Power ft Light $6
•il%
13%
'
i
7%
Louisiana
•
Jan
70
1%
300
16%
*
•
Lone Star Gas Corp common—
Jun
7%
Mar
Mar
28%
"1%
16%
Class A
17
32
48
50
62%
29
common—
Apr
Jan
4
—
10
Groceterias
Jun
109%
13 % Mar
200
15%
29
Corp
Apr
11% Mar
25%
9
Lipton (Thos J> Inc 6% preferred
Loblaw
109%
May !;
5%
Jan
Jan
6% Mar
29
1
(R G) Ino
3%
6%
■
■■
•
...
15%
300"
.8%
15%
:'i '
—1
——
Development—
Line Material
5
1
Co common
Le Tourneau
17%
——9
i
100
Langendorf United Bakeries class A—*
Class
B
•
Lefcourt Realty common
Convertible preferred
■
5%
32
'
Jan
M
10%
9%
6
10%
J
Jan
51%
•
Lynch
Lamp
Mar
23
450
27
26
26%
H
/fall
i
sMay
22
21% Mar
19% Jan
8 % July
2%
2%.
16
Jan
8%
8%
"2%
18%
Jun
24% May
9% May
900
20%
20
19%
f
Jun ;
39% July %
v
20% Feb
'
Grayson Shops (Cal)
——
Atlantic ft Pacific Tea—
Jan
July
Feb
19% Mar
1
*
A
Jun
91
2% Mar
55% Mar
1,200
91
97%
•
10
International Safety Razor B„
—•
International Utilities Corp com
15
$3.50 preferred
-50
Interstate
Home Equipment
1
Interstate Power $7 preferred
•'
Investors
Royalty
1
Iron Fireman Mfg voting trust ctts
*
Italian Superpower
Jun
Jan
1,600
2%
2%
97%
—
Irving Air Chute
2914
116
52
4,000
?%
72
„
shares
International Products
7% July
6%
11%
200
85
International Petroleum coupon shs—•
Registered
May
300
•
a
-
July
28% Jun
1,100
7%
___•
International Minerals and ChemicalsWarrants
13% Mar
14
2%
—80
series
$3.50
59
20
Jan
Mar
14
:y;;'v 63
1
International Metal Industries
Jan
15
xll3% Mar
Feb
18
—
14%
53
800
27%
Jan
52% May
21
T_»
>
Jun
July
114% May
52% May
15%
May
6%
19
,,
5%
Mines.
Co——
Mfg
Jan
Jan
109% May
■
17%
36
Mar
14% Mar
62"
64"
i
100
Insurance Co of North America——10
International Cigar Machine
*
Krueger
preferred—————*
$3
300
18
2%
92
18%
—•
Gorham Inc class A_.
Gorham
100
Jun
21%
—
Consolidated
Goodman
800
3 %
Jan
1
B_—
Goldfieid
3%
101
1%
———•
-
Inc common
Godchaux Sugars class A
Class
18
2%
100
•
2.50
Corp
Coal
Jun
20
....
—•
Harvester
Alden
148 %
Jan
146
•
Co
23% Jun
106
—
6% July
12
preferred
7%
22%
7%
1
Finance v t c common
Common
Key Co common
Kidde
(Walter)
May
18
144
—•
•
common
Gobel (Adolf)
Jan
Apr
<v-
'
13%
100
preferred
3% Feb
Jan
'
Gladding McBean & Co
Glen
1%
106
preferred——*
Preferred
Gilchrist
200
9%
2%
7% July
13%
—
9% July
Jan
8%
3
Gilbert
3%
Feb
100
Geoigia Power $6
$5 preferred
2,200
Apr
3
Jan
800
Y
'
13%
Indianapolis P & L 5%% preferred-100
preferred—'
100
7 %
16%
22
22
—
Ken-Rad Tube & Lamp A
6%
100
3%
1,500
19%
59
16
Indiana Service 6%
Kennedy's
8%
•
1
Jun
Jun
900
58%
•
58%
Imperial Chemical Industries—
Am dep rets regis™.
Imperial Oil (Can) coupon
Registered *
Imperial Tobacco of Canada
—8
Imperial Tobacco of Great Britain ft
Ireland
.£1
Jun
50
1
Jun
7
300
19
18
19%
-80
Co—;
Zinc
Illinois
92
800
$6 convertible preferred
G,en Water Gas & Electric common
July
46
Jan
3% May
Dividend arrear ctfs
Jan
9%
General Shareholdings Corp com
i,-
10
24%
28
—
preferred
Kansas Gas ft Elec
7%
■"
Feb
"
5%
Jun
20%
106
50
I
12 %
9%
144
Feb
250
'
5%
5%
'
Jan
7%
,
—f'
Jan
28%
43% July
'
"*7% *7%
,
9% July
7% July
16%
—•
stock
General Rayon Co A
,
pfd
Service $6
Public
General
8%
'
General Finance Corp common
5%
7%
2
Gen Electric Co Ltd—
Amer dep rets ord reg
J-,
Jan
113
Jan
10%
500
9
8%
8%
Illinois Power Co common..
87%
■
7%
.1
Gellman Mfg Co common—.
General Alloys Co
?{■
•
Jan
42% July
7'/a May
3,300
—1
1
*
'
—
Feb
July
34
Mar
23
250
42%
...
Huyler's common—
1st preferred
Hydro Electric Securities—
flygrade Food Products
Jun
'
,
Com stk
124
110
-
9%
'..V:
'
.100
preferred.
5%
Jan
24% May
Jan
Apr
Jan
3%
55%
800
8%
mmm-
——
9
Jan
19%
Apr
11% May
17%
29
——
7%
77/a
common.
11
Jan
18%
common
Julian $5 Kokenge Co
Garrett
15
100
7 %
uuuuettu
Jun
26% May
Jan
Jan
77
78
—
27% July
28
150
25%
78
.100
Jan
Jan
10
24%
78
600
3%
3%
11%
22
11%
22%
22%
27
—
1.25
convertible preferred.
4%
55%
3.400
5%
5%
-1
1
1
Froedtert Grain & Malt common——1
Fuller {Geo A) Co
—1
conv
Feb
9%
--
Stores
$3
Jan
38%
26%
26%
Distilling
Co
Franklin
Jan
900
250
7%
6%
26%
Brewing
(Peter)
Fox
58
6%
Fort Pitt Brewing Co
Franklin
4%
17%
Apr
of France—
rets bearer
dep
Amer
Apr
Jun
3%
A
Motor
Ford
36%
14%
May
23%
*
——•
non-voting
Class B voting-——
■
44%
56
11
Canada—
Motor of
Class
liy4
3
4,600
33%
36
& Warehouse
Association (Phila)
Ford Motor Co Ltd—
Am dep rets ord reg—
3%
43%
44%
—-9
Co—29
—10
—
Federal Compress
Fire
Ford
3%
1
Metallurgical
Fansteel
1,400
14
13%
3%
16
.1
ft Airplane—
Jun
100
Preferred
Fairchlld Camera &
Jan
May
106% 106 %
6%
6%
2
100
1
International Hydro Electric—
Fairchild Engine
Falstaff Brewing
Feb
14%
Jun
105'/a
■'
.
-'
11
12%
20%
Jan
—
29%
76
Jan
Jan
2,600
36%
79
11
12%
12
Jun
8
97%
__
36%
Jun
6%
7
Jun
Jan
39%
800
102%
105% 109
1%
2%:
~2%
—
Eversharp Inc new
July
9%
,
42
14
common———50
Line
Pipe
25
99
17
—1
preferred
convertible
$3
50
10%
lOfl
Esquire Inc
-Eureka
52
42
•
Equity Corp common
■'
225
50
50
Equipment
Derrick &
Emsco
—
500
Feb
46 %
1,000
1%
1%
50
pfd—100
District Electric 5%
Empire
56
mmr~
3Va July
Jan
78%
900
7':
-—1
15
10
—-50
National Watch Co
Elgin
97
54
54 %
—
Corp
Electrographic
95
95%
2%
500
2%
2%
2%
*
100
100
25
*
—•
Fuel Assoc common
8%
29%
300
32
20% Mar
—
East Gas &
Jan
100
1,000
8
;
9%
23%
Hollinger
10
4% Mar
48%
8
32
Hoe
x68% May
Jun
3% May
20%
Feb
Apr
Jun
V 3%
23%
Apr
May
60%
Jan
20%
5%
6%
High
Jan
1%
3,200
9
Hewitt Rubber
28 %
67
.10
2%
~9%
common
5%%
Apr
4%
2,600
LOW
3%
2%
—•
U%
29
—
—
Range Since January 1
High
53%
25c
•
A—
28
32
Low
5
80
Co
Mining
25% Mar
common,
—
preferred
Class
Shares
25
1
-1
Dept Stores common
b%
for Week
of America B non-vot com—1
Corp
•
27
25%
-1
Draper
Duval Texas Sulphur—.
Jan
Hearn
11
-1
class A com—.
Bridge Co Ltd
Steel & Coal B—
Textile Co Ltd
Dominion
Hat Corp
Hazeltine
Range
of Prices
Par
ctfs
voting trust
Co
30
-1
common
Jan
'
27
Brewing
Apr
Jan
5%
600
Rayon
Harvard
27 %
-1
—<
Domestie Industries
Dominion
200
32
-10
——
Corp
Corporation
32%
6%
3,100
Hartford
18%
Apr
Jan
1%
-10
Diana Stores
Dobeckmun
7
-10
—
Diamond Shoe common—
2%
•' 7
2%
2%
—1
Gray Iron Foundry-,
Mich Stove Co common—
Steel ProductsDe Vilbiss Co common—
7%
preferred—
Detroit
»■'
Hartford Electric Light
11%
Jan
21
-20
Detroit
Apr
lb
—I
142% May
8% July
800
Feb
92
Apr
138
1%
"8%
Feb
9%
Jan
82
—1
Detroit
Divco
5%
500
7%
7
.100
debenture—_—.—
8<7„
Derby Oil & Ref Corp
Gasket & Mfg—-——
6%
preferred—
Detroit
1
High
Low
—50
preferred
$6 prior
Range Since January
■
9
A common-.
Dennison Mfg class
,
'v.
Shares
High
Low
Last
Sale Price
York Curb Exchange
New
for Week
of Prices
Sale Price
Par
Sales
Week's
Friday
STOCKS
Range
Last
Cork Exchange
Naw York
JULY 27
Sales
Week's
Friday
STOCKS
EXCHANGE
FOR WEEK ENDING
RANGE
Monday, July 30, 1945
& FINANCIAL CHRONICLE
—
—
—
2% Mar
14%
104
40
37/8
May
Jun
Jan
23
May
Jan
135
Mar
•
<
-
V
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4407
162
NEW YORK CURB
RANGE
8TOCKS
'
New York Curb
Friday
Week's
Last
Exchange
Bangs
Shares
Marconi
Internat
Mig
10%
10%
"—I
McColl-Frontenac Oil Co 6%
$2.50
Mead
&
Mercantile Stores
14
-
*
120
common..,
Chapman
&
Textile
Jun
Pacific
12%
.
4%
300
4%
preferred
$1.30
Jan
1st
Service
3Va
Jan
1
2.50
Steel Tube
Michigan
v t
Middle States Petroleum class A
B
common.
Jan
Jan
50
May
Jan
22
Feb
*
44%
Jan
54%
Jun
Peninsular
•
40
Mar
42% Mar
25
29
Jan
31%: Jan
5 % Mar
50
Feb
$1.40
Midland Oil Corp
6%
Jun
12 %
Mid-West
Penn Gas & Elec
Jun
Penn
Jun
c.l
17
15%
17
500
15%
Jan
23% May
5
Jan
Oil
Piping
Mid-West
16
Mar
5%
conv
common..
26
Mar
30
May
625
28%
Jan
39
Feb
4
Jun
3%
500
9%
1,400
33%
9
1
:
150
35
100
33%
3%
*
;
27%
3%
10
3%
3%
1,300
48%
2%
Mining Corp of Canada
Minnesota Mining & Mfg
250
47
48
5%
67%
5%
67%
5%
68%
24
24%
250
Monroe Loan Society
15
A
Dakota Utilities....
partic pfd_
Mountain
Mountain
City Copper common
Producers—
Mountain
States
Power
9%
2%
2%
11%
100
110
•
Jun
Jun
27
Jun
42
Powdrell
Jun
2% Mar
Scale
Jun
188
12
Jun
193
38%
44
Jun
Pressed
2%
3,600
1%
Jan
2%
Feb
7%
2,200
6%
Jan
9
Apr
28%
250
24%
Feb
30
:
July
137% July
Jan
5%
70%
950
57
Jan
73%
193
151%
125
35
—.50
Pratt
900
11V4
Jan
12%
12 Va
200
11
Jan
31%
32
100
30
Jan
9%
:
9%
4,700
5j/4
5%
2,800
10%
10%
7%
200
5%
800;
,
U—'
25%
5%
5V4
5%
10%
'•
'
70
'•'•U-♦
68%
70%
15%
25
4%
:v
16 V4
10%
Jun
37%
Jan
3%
Apr
6% July
6% Jun
Jan
11% July
43
Feb
44%
64 V4
200
Jan
Apr
78% May
14 Va Mar
700
117
4
20 %
Jan
4%
Jan
:
Jan
142% May
6%
Apr
—
13 V*
Jan
19%
Jun
16 Va
Jan
17%
Mar
700
3%
Jan
5ya
20%
300
12%
Jan
6%
10
Jan
11%
31
1%
150
31
Jan
40
7,000
—''
w.
"
4%
4%
4%
20%
20%
3G
7
1%
'
America—.
13
22
lft Jan
51
Jun
July
Jun
Jun
1% Mar
Jan
73
Mar
Mar
13 %
300
lft
lVa
15,700
%
Jan
15% May
1% Juh
11%
11%
600
10 y8
Apr
13%
Jun
8% May
Corp of Nevada
Prosperity Co class B
Providence
.
Jan
Jan
300
4%
Co
of
May
14% July
32% Mar
x8%
'
660
7.50
25c
-
Jun
Apr
4
135 Va
134
1
Gold Mining
Prentice-Hall Inc common
Metals
Jun
July
'
—10
common
& Lambert
18
15
15%
.
41 -
12%
2
50
210
Jan
32
;
com
Jan
15
Producers
V/a
3
188
Premier
22
May
Apr
7
100
Power Corp of Canada
Feb
Jan
4%
69%
69%
•
Alexander
&
Feb
5
'
26%
Jun
4%
l
RR
10%
Pneumatic
Jun
112%
•
»
Ltd
Polaris Mining Co
Feb
10 %
50
E
12% July
4% Jun
May
Jun
115%
Jan
25
Pittsburgh & Lake Erie
Pittsburgh Metallurgical
Pittsburgh Plate Glass
Pleasant Valley Wine Co
Plough Inc common
18% Mar
42
& L
18
9% July
2% Jan
179
9%
Feb
-
.
12
Gas
14%
300
>:■
14
common—
Jan
26
Jun
8%
1st preferred
100
107%
Apr
Jan
19
May
1%
1st preferred
100
111%
Jan
10
200
15%
May
13%
20
15%
129
18
135% 137%
preferred
8%
76
115
Pitts Bess
3%
Jan
•
pfd
common
Mines
Jan
3
800
———•
J2%
Muskegon Piston Ring
Co
Piper Aircraft Corp
Pitney-Bowes Inc
16% July
Jan
107%
Jan
17%
89
Mountain States Tel & Tel.
Murray Ohio Mfg Co..
Muskogee
Feb
Governor
Apr
9%
300
11%
10
_•
100
common
3%
Jan
13
900
181 % 184 Va
—•
*
•
5o
Moody Investors
Pioneer
Jan
13
3,100
1,100
1 4
9%
.—10
Montana
12
3%
10
...—1
Montgomery Ward A
Montreal Light Heat & Power
15%
11%
2.50
1
1
Mojud Hosiery Co Inc
Molybdenum Corp
Monogram Pictures common
5 Va %
conv
preferred
Co
Pierce
Jun
67% July
300
Packing
Apr
A 50% July
6% May
1%
109%
10
1
common
Phlla Electric Power 5%
11%
Jan
106%
•
Light 1%
&
Philadelphia Co
200
240
112
•
35 V4
July
1%
~2%
113
112
100
Jan
47
100
Pwr
Co
Jan
3%
1,800
24
.———*
pfd
Missouri Public Servi"e common
Minnesota
Mfg
Gold
Jun
112
•
Perfect Circle Co
Phillips
8%
82% July
51 y* May
•
2 50
Jan
14% July
50
——•
Co
Feb
8%
27
1
preferred...—
Wohl
Miller
Penn Traffic Co
Pepperell
Apr
*2%
•
Penn Water & Power Co
26%
50
Cupplj"
Refineries
A com
Light $7 preferred
Pharis Tire & Rubber
Co.
&
class
Jan
Mar
Mar
•
&
preferred
Feb
34
•
Abrasive
Midwest
Power
$6
5%
78
47
•
Jun
15%
12%
$2 conv preferred—*
common
Midwest
75
Jun
$2 non-cum dividend shares—-—.•
Co
9,900
13%
Midland Steel Products—
Midi ale
7%
23
2% July
23,800
82%
Jan
11
14%
7%
Jan
8,400
13%
81%
Jan
13,200
237,100
1
8%
3%
6%
14%
-
common-——
$2.80 series preferred
.,1%
15%
5%
Pennsylvania Edison Co $5 series pfd.*
Jun
3
6%
.
Corp
Telephone
preferred A
12%
2%
Jun
8 %
500
14%
25% July
26
5% July
8% Jan
18 y*
1,000
2%
Jan
Jun
26
33%
2%
15
Jun
l
19
;
x22%
Feb
«.
8% July
1
12%
5
Jan
——10
2%
.
7
Co
Feb
11%
1
Corp
114
Motors
Pen
18%
v t c
West
'.3,000
Jan
Parkersburg Rig & Reel
Patchogue Plymouth Mills
11%
2%
109
110
Parker
Jan
v
104% July
10
Paramount
8% Mar
250
10
113'A 113 V4
*
common
38% July
104'/a 104'/a
9 % July
15% July
9% Feb
19
10
—:——L
Preferred
Class
3
1,000
Jan
*
new
Airways
1
—*
Michigan Sugar Co
Mlcromatlc Hone Corp
Middle
5%
11%
5%
11
11
Jan
36
•
.
Pennroad Corp common
Michigan Bumper Corp
104%
38
Feb
7%
J an
21 j
Jun
42^4. Apt
Jan
900
700
40%
381/4
40%
37%
100
preferred-.
American
38%
•
pfd
40%
25
Jan
5%
110'
Jan
Jan
'
16% May
Jun
18 Va
Apr
iv% July
10
Jan
14%
25
warants.
Pantepec Oil of Venezuela Am shs
Jan
45
-15
Public
Pan
3%
•
„
Light 7%
Page-Hersey Tubes
Jan
3%
4,200
Power &
Jan
13 %
1,500
"3% ~4%
.250
Corp
Jan
91
2,700
5
Mar
Jan
4%
100
1
Participating
45
95
oommon
1st pfd—.
5% %
1st preferred
Pacific Lighting $5 preferred
Pacific
144
10%
Pacific Gas b Eleo Q%
Jun
.100
Messabi Iron Co
Metal
Securities.—.
Pacific Can Co
12 %
350
17%
5
Jun
Jun
7% Mar
10
120
16 Va
Scott
preferred
A
2%
12%
1,800
High
Jan
Mar
13% July
Jan
Low
9V4 July
Feb
29
Jan
Bangs Sines Janoarv 1
6
7% Mar
95
Mar
1,500
5%
•
Shares
High
Omar Inc
300
180
5
Sales
for Week
Low
800
14%
180
—8
common
Warrants
6%%
Apr
6%
36% Mar
Co
Memphis Natural Gas
Merritt
Jan
■/f 1
.......—
Dredging
Johnson
10%
2,000
lioo
pfd.
common
preferred
McWilliams
Mar
8%
2.200
13%',
1%
11%
11%
1%
—
Harris common
Corp
Mar
38
21
*
Steam Shovel
McCord
18
Jan
6
...£1
Week's
Bangs
of Prices
Oliver United Filters B.
Overseas
Ltd
Co
Last
Exchange
Curb
High
Mar
33
Co—.
Mass Utilities Association v t 0
Massey
Low
17
Margay Oil Corp..
Marion
High
Marine
Communication
Friday
Bale Pries
New York
Bangs Since January 1
(The B) Co
Consolidated
Mapes
STOCKS
for Week
Low
Manischewitz
JULY 27
Sales
of Prices
.
Bale Pries
EXCHANGE
FOR WEEK ENDING
Jan
97% July
14%
Jan
17%
Jun
Feb
110%
Jan
Feb
Public
of Colorado—
Service
112
May
118% Jun
Puget Sound Power St Light—
15%
Common
15%
109%
14%
4,100
$5 prior preferred
Puget Sound Pulp & Timber—.
22%
Bellas Hess
National Fuel Gas
National
Steel
18
18
19%
1.300
15%
Jan
23
12
11%
9%
12%
9%
11,900
11
Jan
12%
100
8%
Feb
10
20%
20%
400
14%
Jan
21
13 V4
13%
2,000
11
Jan
16%
Jan
19%
14%
15
3,000
900
11 %
Apr
1%
Jun
15% July
2% Mar
*
1
—•
Ltd
Car
•
12.50
14%
1
1%
National Tunnel & Mines common
30o
Radio
,1%
1%
5%
'
5%
i
5
400
13% Mar
18 % May
—10
13% May
17%
38.
100
Nehl Corp 1st pfd
-
v
Jun
i
Jun
6%
preferred
Feb
Quebeo
Power
16
p
May
Corp—a
Neptune Meter class A
Nestle Le Mur Co
New England
9
•
...
preferred—1
6%
Quaker Oats
Jan
N
Y
N
10%
Jan
9%
50
2IV4
Jan
160
110 %
Feb
A 63
Honduras
500
14%
24%
v
900
65
65%
1,400
4%
1,500
4%
2% Mar
6%
1
$5.10
pfd.100
pfd
16% May
107
107
100
107
~6%
105 V4
6 Va
104
94%
107
60
.
Jan
3V4
Jan
2,325
89%
Jun
82
Jan
Niles-Bement-Pond
•
14%
14%
Nineteen Hundred Corp B
1
Nipissing
5
"2%
1
21%
& Power common..1
•
3%
Mines
Electric
North American Rayon class A
•
prior preferred
;
Utility Securities.
Texas Oil
i
.
Indiana Pub Serv 5%
Natural
States
Northrop Aircraft
Novadel-Agene
2%
21
3%
128
2%
Inc
Jun
Va July
4
50
39%
38%
Jan
17ya
14 Va
2%
Jan
121
Jan
Mar
26
Jun
5V4 Mav
136
May
35%
Jan
43% May
100
36%
Feb
43
May "
53
Jan
56
Mar
IV4
•
14%
14%
15%
104% 105
105
3,600
20
Jan
6V4
Jun
5%
Jan
7%
Mar
11% Mar
99%
106 Vt
17%
7%
33
V
37
38
600
17 %
17%
900
7%
1,900
33%
500
7%'
33
86%
76%
1%
—10
Railway b Utility Investment A—
1
Rath Packing Co. common
10
common
Raymond Concrete Pile common
53 convertible preferred
-
.
Brass
Co
class
4
B
pfd
1st .preferred-
footnotes
see
page
4%
2,500
28
113
113%
50
111
111
30
1%
17
1%
18
14,500
1%
485.
125
15
31%
31%
500
Jun
Jun i
14%
Jan
450
15%
Jan
i.
Jun
1%
2
Jun
1
Co
Reliance Electric
100
Jan
2%
275
29% July
42%
Feb'
29%
31
600
22
33%
Jun
18%
17%
19
4,800
Apr
17% July
2%
' '2%
2%
2,600
1% Mar
24%
24%
300
y 24 14%
Jan
b Engineering
Goods
22
23
30O
19
Jan
•
Dry
Richfield Oil Corp. warrants
Richmond
Radiator—
———1
1%
Rio Grande Valley Gas Co v t e
Roeser & Pendleton Inc
Root
Jan
5'%
1%
2,500
7,300
105% 106%
30
Jan
56
May ?•
23%
3%
Feb '
Jun
26% Mar..
•
18%
Jun Jl
Mar i
25
Jan
1%
3%
Jan
6
%
Jan
1%
105%
Jun
109
Jan
15
12
•
I
Feb
% May
|
Feb
May *
May t
•>
19% Jun
19%
17%
17%
17
Apr
22%
Jan
14%
15%
12%
Jan
17
Jun
3%
3%
2%
Jan
1
20
7%
7%
—19
•
20%
£1
5
5
5
Co
Petroleum
%
•
Metal Works
Art
Ronson
106%
1%
1%
^ ;
dep rets for ord reg
Cable Corp common
Am
Rome
-
600
4%
1
Rochester Gas & Elec 6% pfd D—100
Rolls Royce Ltd—
Va
52
5
Stix
Jun
Jun
1%
31%
•
Rice
20%
1%
•
Red Bank Oil Co
$1.20 convertible preferred
Rotary Electric Steel Co..
Royalite Oil Co Ltu
6% Mar
18%
21%
Feb
<
Jun
Jun !•'
•
Feb
25
Jan
19% Mar '
11
Mar
7%
7%
3,400
6%
Apr
•
6Va
6%
900
6%
Jun
3%
4%
2,500
50
21%
22%
1,025
5
6%
7
1
7
7%
1
6%
7%
500
3
3%
600
3%
4%
2,600
3%
Jun
8% Mar '
19%
18%
•
1
Ryerson b Haynes common..—,!
4%
Jun
18%
1,100
2Va
Russeks Fifth Ave
Ryan Aeronautical Co
Ryan Consolidated Petroleum—
105
Jan
110 V*
Mar
40%
Jun
19
Jun
34% May
14% Mar
6% May
26%
18% July
Apr
Jan
Jun
9 % Mar
35%
Jun
St Lawrence Corp
Class
$2
A
conv
3% Mar
:
12% Mar
10 Va
Jan •'
9
Jan
4%
Feb
Jun
2%
Ltd.
prel
St
Regis Paper common
Salt Dome Oil Co
United
Samson
Corp common
Oil
CO
Schiff
Co
common
Schulte
(D
A)
4%
—1
preferred
25
Manufacturing
Scranton
Elec
Apr
$6
$6
preferred
Steel
25
pfd
5%
Mar
•
84%
—.
84%
85%
175
39
39%
400
99%
98
Shoe Co
Selected Industries Inc
Convertible
$5.50
Jan
119 Va
Mar
Jan
115 Va Mar
35
Apr
10%
8%
3
July
4%
Jan
3%
Jan
70%
Jan
34% Mar
88%
99%
4% Mar
:
42%
...
2%
12%
2%
12%
2%
12%
Sentry
(R
2
Jan
1,500
9%
Jan
Jan
38
■.
Jan j
Feb K
Feb j
May
4% May !
89
Jun
41
July
114
Jun
Inc..
Safety Control
114
14%
May V
Jun r
8V4 May/
Jun
50
3% Mar
14%
Jun
22 Va July
1%
...
2%
Feb
15%
86%
15%
700
12
19%
Apr
87%
100
82% Mar
92
Jun
83%
.....
1%
15 %
common
Jan
92
-Jun
19
19%
500
14%
Apr
21%
Apr
1%
600
Jan
2%
Jun
2
3,300
certificates
B)
Feb
5,100
19
prior stock
Allotment
Semler
stock
Jan
10% Jan
Inc—
Bros
Jan
29 Va
May
5% Mar
lll%Mar
•
common
Securities Corp General.
Jun
110% July
Jun
22
3%
*
'
Co
117%
31
Jun
7%
Scranton Spring Brook Water Service—
Scullin
July
Jan
27%
7
4,800
•
;
common
Convertible
Scovill
113
22%
3%
Jan
5% Mar
13,900
Jan
16%
-
.5
Savoy
116
29
100
100
Oklahoma Natural Gas common
For
4%
•
100
common.
Power 4%% preferred
Ohio Public Service 7% 1st
164
Jan
29%
•
Raytheon Manuf acturing common—50o
Reed Roller Bit
—
Selby
Ohio
90
Jan
Railway b Light Securities
Segal Lock & Hardware..
Seiberling Rubber common
Ohio
Jan
156
160
R
Seeman
Ogden Corp common
Jan ;
Apr
lVa
200
Jun
Jun
100
:
19
Feb
19% Mar
4,200
128 %
39%
JUn
2
1,700
38%
38
1
July
97%
8%
13%
600
21%
39%
25^
Corp
106
12% Mar
20
class A
7% July
Jan
6% Mar
2,800
pfd..100
Gas
Power
__50
tV
1,900
15%
50
•
.1
a—.
800
5
Airlines
RR Co
270
ft
38%
common—
May
64 V4
8
com
90
20
Jan
13
160
Radlo-Kelth-Orpheum option warrant!.
Feb
33,200
.7%
*'
21% May
110
6%
105 %
7%
North Amer Light
$6 preferred
Jun 1
Jun
77%
76
10
5
Northern
Jan i
23% Mar
95
Northern
6% Feb
22
Jan
93%
%
Penh
Jun
16 Va
16
Northern
48
Jun
19 %
100
North
5%
19%
100
Northeast
Mar
Jan
16%
Co.
Roosevelt Field Inc
preferred
preferred——
optional warrants
Niagara Share Corp class B
Central
Mar
x5
-.
May
37
B
American
70% Mar
Apr
1st
North
28 >/4
Mar
30 Va
2d
Northern
Jan
63
Jun
35%
5%
6%
31
40
5%
Class B
Jun-t
——10
Water Service
Noma
Jun
Jun
35%
Niagara Hudson Power common
Class
80 Va
25 Va
124
10
Y Shipbuilding Corp—
Founders
shares
Y
Jun
Jan
12
Rosar'o
Feb i
20%
_•
Merchandise
Y
Jan
25%
24%
—.—
common
N Y State Electric & Gas
N
14% Mar
Jan
6
C\ty Omnibus warrants
b
NY
N
Co
Jan
7%
1,700
24%
...1
New Process .Co common
11% Mar
300
79%
•
Mexico & Arizona Land
Auction
120%
—25
Jersey Zinc—
Y
77%
—
,
24 %
24%
120 V4 121%
79.
—
New Idea Inc common
N
8%
100
i
-•
Tel & Tel
100
Haven Clocks Co..———.........*
New
110% July/
May
84
common.
Jun
200
8%
8%
England
New
New
8%
•
100
July
July
Feb
8%
.*
class A
Power Associates
preferred
$2
New
Jan
107
175
Jun
;
•
(Herman)
Nelson
6%
107
10
110% 110%
aa
18%
39%, Mar
-,
Voting
Nebraska Power 1%. preferred-
18%
Feb
24
Machinery
Union
3%
33% May
National Transit
National
Jan
39% Mar
5
109% 110
•
; 25% Jun
Jan
2V4
20 % May
National Mfg & Stores common
National Refining common
Rubber
19%
11,500
•
National Candy Co common
National City Lines common
National
200
3
25
8%
50o
common
1.;
preferred
•
—.——*
National Breweries
7%
1
common
23
2%
Corp
National
•
Pyle-NaMonal Co common
Pyrene Manufacturing
Nachman
*
—
1%
1%
Jan
Jan
.
THE COMMERCIAL &
484
1
Monday, July 30, 1945
FINANCIAL CHRONICLE
mi
NEW YORK CURB EXCHANGE
Shares
Range Since January 1
B
:V
Seton Leather common——
43/4
Mining
—-.
Shawinigrm Water & Power..
Bnerwin-Williams common—i
4%
preferred
She'rwui-Williains of Canada.
Slcfc's Breweries Ltd _——.
Denn
Snatcuck
BileX
10%
600
3%
Jan
5%
Apr
18%
102%
Jan
114%
20%
Apr
25
26
Smith
,
;•(/.
•
(Howard)
Co
Manufacturing Co
Aircraft
Solar
—1
,—«
Corp
Coast
South
8
8%
2,000
73%
3%
4,300
2%
Jan
8V2
500
7%
Jan
9 Va
1
common
4%
5
600
4
Jan
47
1,400
Southern
44
46
100
417/a
Jan
46
31%
500
30%
Jan
12%
12%
24
1
'
'
:
u.
w—
,/•
•*'
50
20 %
I 1,700
25
1%
1%
30
,
1%
Jan
—
—
liy4 Mar
14%
Jun
7/a
(R
b
C)
deposit
Hargreaves
7,400
%
Jan
Jan
57/a
6%
1,200
3%
Jan
'
68
Jan
-Af 7.
22%
10%
Apr
13% Feb
54% May
15
y.'
'"'v.-i'.'
.20
I.:
200
13%
13%
5%
5%
5%
Apr
16
Feb
il %
19%; 19%
-4-
-1
7
Stroock (S) & Co common
\ ;
'*!
—*
i
7 •'!' :
77/a
.75
16
¬
Jan
14%
Jun
6y8
9
Feb
Jun
Jan
C
IP is
'
-
■
.
.
14%
'
•
X,:
13
——1
14% July
.
18%
,Jan
14
Jun
3% July
Jan
1%
400
14%
15 Va
1 550
30%
30 Vz
100
23%
Jan
31J/4 Jun
21%
•
3%
22
150
19%
Jan
25% Mar
12
177/a
:Jan
;•
.11 •;
• •
•
•
2%s
.
Jun
U
5%
Jan
•:
1,200
10%
.
97/a July
Z;
0
"Ii
"3%
.:
14
12%
Be
K
receipts
Ltd—.
11
200
4%
3%
0
•
52%
17
100
17%.
52
common
Swan Finch Oil Corp
"B"
:
48
52% July
Apr
14%
Jan
225
If
Class
12,300
Last
Period
8ale Price
r'
3
Jan
-
or
High
:
January t
Loto
;:.;V
Feb
20
"12 y8 Apr
10%. Mar
Pow
Amer
J-J
1960
*102% 103
■'■■■
...
'.V'/v;
J-J
1970
,
—1961
J-D
-1970
*109% 110
J-J
j-j
Paper 6s
Elec Pow 3V*B
—2024
Appalachian Pow deb 6s
■
101% 104
;•
106/,
107 Vz
107%
108%
1
110%
4%s
Elec
.
1953
„.
104%
V ■•:/>.••• 2
/v-.i;.',
2
10O
102%
108%
111V4
129%
123
2.
127% 127%
J-J
/V
lAssociated Gas 8s Elec Co—
deb
4%s
—1948
I
MS
deb
4y2s
1949
—1950
AConv deb 5s
A
■'
F-A
38
39%
5s
A-O
.-1968
■
39
.
deb
Power &
Cexsts
Light 1%
pfd
—
2
Textron Inc
Tile
—1
Shovtl
Thew
Jan
5%
100
5%
Co- common
32%
500
Jan
33 y2
Jun
1st
20
20%
2,000
20
July
25%
Jan
5s
50
116
Jan
120
120
"7%
7%
7%
29%
5,900
—1955
Bethlehem
Steel
97/a
Jan
Btckford's Inc
12%
Jan
30%
Jun
Boston
—1964
Jan
38
37
100
12% "13%
1,400
9%
Jan
14%
Jun
10%
; 10%
800
7%
Apr
12%
Jan
Tobacco- Product
July
67
Jan
61
Exports
Jan
13% May
3%
200
5%
5%
6% May
12 % Mar
0
Tobacco Security Trust Co Ltd—
[■}.
.
Amer
Todd
Toledo
Edison
7%
6%
87%
33
_
260
89
10
115% 115 %
1%
Trans Lux Corp
4%
Transwestern Oil Co
Tri-Coutinental
71%
deb
1%
convertible
.
5s
Consol
3%s
1%
2% July
Jan
5%
Jan
4
35%
1
Feb
59% May
Jan
2
Apr
Apr
15
Jan.
El
Gas
series
12% May
14% May
7%
U
1
Realization
Unexcelled
Manufacturing Co
Union
Gas
of
Union
Investment
Canada.
& Pr
Aircraft
United
Chemicals
8%
3%
1st
ref
600
5%'
5%
5%
2,200
«
-
2%
mtge 3s ser P
Consolidated
A-O
(Bait City)—
Gas
IIIIII100
13%
14%
13%
United Gas Corp
7
common
United Light & Railways
United
Milk
17%
12%
24%
24 Vz
Jun
Feb
71
12%
13%
2,600
17%
18'/a
7,700
43
Finland
5s
.2030
43
.1956
M-S
Pub
Serv
West 4s
Nor Power 5s
Jun
Green
Grocery Store
Jun
Guantanamo
26
13% July
14 % Mar
preferred
*•
19
Jun
Jan
45
Feb
—
United
NJ RR & Canal
United
.10%
Shoe
100
-
Profit Sharing
preferred
United
«.
j
90% July
—
U
S
Foil Co class
Graphite
-$5
;i i
11
ti
8
Rubber
2%
J-J
—
F-A
J-D
Hygrade Food 6s ser A—
1949
A-O
Jan
B
series
Illinois
Co—
5%a series B—
f
■
May
23
46%
45%
46%
180
44
50
Apr
11
_1
B.
10%
...
;
-
Reclaiming^
,
1%
87
-
6%
-
—
485.
5%
9
Mar
8% Mar
14 V4
May
13% Jun
13%
200
13 %
Apr
20%
Jan
150
VA
Jan
2%
Feb
Jan
91%
Feb
88%
-
7
-
•
5%
75
83
4%
200
.
1%
300
' 2%
1%" ' 2
5%
500
3,700
* 1%-
87
6%
»
2%
—
~i"%
Wallpaper, Inc
page
11%
13%
United Stores common.
see-
11%
10%
Feb
2,100
'
3,500
Jan
Jan
1! Jan
.
4%
Jan
9% May
4
Jun
2% May
6%
July
-
lien
-1957
-1950'
5s
-1963
& ref 5s—
P
&
L
3%s_
——
19
1104%
89
103% 106%
101%
1021/4
55
104%
107%
104
106%
105 y8
106%
104
92
101
—
67
77%
104% 106
75%
—
104% 105
1103
'
127
45
' 174 >%
—
108
77
1
150
Power
Seivice
104
/
-1970
JInternational Power Sec—
A6 %s
series C
——1958
A eyas
(Dec 1 1941 coup)
1955
A 7?
series E_
————1957 :
A7s
(Aug 1941 coupon)
1957
A7s
series F—.—
1952
A7s (July 1941 couponl.
—1952
Interstate Power 5s
1957
Debenture
6s_
^
.4952
Altallan Superpowei
6a_;
——196S
Jersey Cent Pow At Lt 3%s
l1968 /
Kansas Electric Power 3'/2s
...—1966
Kansas .Gas Ar Electric 6s^——x.
2022
81
11%
-1st
85
50 Vz
103
124/a
22
v
•
80%
101
23
1105% 107 J/a
1..—
A-O
Indiana
—
1100%
J-J
Jan 1949
West
&
70
42%
101 Va 101%
106% 106%
104 *
—
Indianapolis
73% July
May
124
102y4106'
15
72
1106% 107%
J-D
Feb
900
9
120%
U02y4 104 Vz
:
—
1963
-1953
—
Jan
100
76%
common.
For footnotes
1 % Mar
9%
75"
1st preferred with warrants—
United
1,000
Jun
75%
U S Radiator common..^
1 i
2
286
Jun
25
U S .and International Securities-.
.
*
9%
7%
common
United Specialties common
U S
1%
25o
10
Jan
;
.
Machinery
preferred-
,
275
Jan
109%
103% 105%
—
105 % 106
—
1950
3%
Prod 6s_—
July
6%
40
110
106%
2
85
—
1958
6s
70
—
A-O
JnD
6s
1st & ref
ord regis
123
"
—
.
J-J
-1950
stpd.
Mountain Pow
Jun
r
..
.
3
102 y8
103%
104% 104 V'4
12
102%
104%
106
109
M-N.
■
;
1106% 107 %
■
■"
f
62
2
59
61 Vz
7
158
' 61%
:■
„
—
30
.
62
28%
63
37
60
31
63
%
60
1
37
58%
1
31
63
26
97
102
58
J-J
'
'
100% 102
101
J-J
.84%
J-J
:
:
.
—
'
„
84
84%
53
106Vz 106%
1104
107"
" 53
53
-
J-D
-M-S
,
60
•
62
58>/2
58%
F-A■
MS
105%
103 Va 103 Va
F-A
J-J
102%
6
* 103 %
104/4
J-J
J-D
102% 104
104
Jkf-S
'
rets
106%
11
105
U27
1953
5s:—
%
•Upited Molasses Co Ltd—
Arher dep
105
123
-v—
1969.
Power 3%s A
Gatlneau
110%
Jan
,
-102% 104%
-
—1961
Apr
9%
105.
....
105%
,
Residential Mtge Bank—
stamped
A.General Rayon Co 6s, ser A— a-,—1948
38
25
106 Vz
101%-
F-A
& RR 5s
General
Apr
86
•
104%
103%
RR—
15% July'
Jan
6
105
105
103%
& Light 5s
Lt
Water
Jan
20
200
105%
27
106 Vz
123
F-A
M-S
,
Products
participating
$3
24%
103
103%
;; ;
.
.1956
Great
"•
IlO
90%
101% 103
103% 106
1
—
3/64
21,000
%
85%
104
61
70
95%
A
■
85%
68
107J/4l07y4
J-J
MS
Elmira
Stores.
preferred
%,$5
Unue.a uorp warrants.TT^itArt Plastic Corp
85%
59
1107% 108%
■—
M-S
Grand Trunk
jln'ited-Cigar-Whelan
58%
104y2
—
J-D
A-O
26
Feb
22
6
91
-
7% May
9% Mar
3,500
0
105%
55
103
:
—;
;;
J-D
A_;—_—_——1993
mtge 4s ser B
1993
Electric. Power
8%
6% July
59
Jun
i
180
112%
76%
of N J Division—
Lackawanna
Feb
■
common
121
110%
102%
104
1958
Delaware Lackawanna & Western
Jun
:: 6% July
7% July
I—III*
Products
113%
75y»
84%
105
■
1954
Gen mtge 4 %s
Continental Gas & El 5s
4
Jan
4% Mar
300
7%
7%
111
170
1103% 105 y4
'■ 105 % 105%
103%
A-O
—1971
—I960
1976
ref mtge 2%s ser Q
10
5% Mar
3,400
3%
7: 105% 108%
118%
(Bait)—
N
Eastern Gas 8s Fuel 4s ser A—
.7%
3%*
10
-
Co
Union.- Stk Yds of Omaha
United
8
ioc
Corp
2
.
.1102
—
105%
1969
Lt
84%
LI
1st
UJen
'104%
74
—
1st mtge 4s ser
Udyllte Corp
99
Jun
Jan
12% Mar
1,000
•
7
74 Va
"
—
'
M-3
.1958
—
—
•
F-A
1950
5s
Jun
12
~8% "~9
]
preferred
43 Vz
7/ 25
103% 104
—
A-O
Jan 1966
5s
Debenture
May
1,400
1%
"
•
Tung-Sol Lamp Works
80c
1,000
43
-
185
1112% 113%
—
J-D
ctfs.-
5s
Debenture
117
May
1927
1952
■
M-3
B
Service
1% May
Jun
J-J
1955
Rys 5s
series
6s
Conv
112
600
4%.
41%
A-O
M-S
Cincinnati St Ry 5%s A
1-11
3,100
2
4%
41%
_
warrants—
Inc
Trunz
1%
29
111
ill
1175
—
43%
v,
1118% 120
•
Q-F
40%
7
'
106% 106 V*
—
M-N
—1954
...
1st
Tonopah' Mining of- Nevada-—.
J-D
2%s
A5 V28
107% Mar
preferred-;
preferred—
J-D
1970
6%s
91% July
1% Mar
dep recs def reg—
Shipyards Corp—
1957
.I960
.1998
-1962
43%
29
Canada—/
{A Central States Electric 5s——1948
Cities
Amer dep rcte ord regis
106%
V
42%
Jun
26
33%
12%
—.*
m-s
6s
Edison
IA Chicago
Tobacco & Allied Stocks:
104
C
Jan
10%
33%
m-s
series B_.
5s
Jun
121
1
3
_
Tishman Realty
M
series
6%
700
25%
29
27%
—1
—
Roofing Inc..;
8s Construction.
31%
21
38%
103% 104'A
3
42
38
'
■
37%
'
City Elec 3%s
Telephone of
Bell
32
II"*
lioo
Oil & Land Co
Texon
5%
5%
.1
Feb
F-A
—1977
5%s_.
131;
'
29
i'&i
1. .''
/>:'5 243,..i
38 Vz
;
——
—.—
'.
29%
;/■'
37%
I 39
,
39y2
39%
.
*
Debenture
>
39%
f 36%
38%
'
29
5.
38 %
j-j.
101%
92%
87 I;
%k
PP
38
AConv
Registered
99% 100%
100%
•
109%
29
'
100% 101
109% 109%
A-O
J*,
'
108
107%
V';/', *108% 109%
m-s
:.—2018
8s
Writing
Appalachian
'
-1950
—
8s Lt deb
Amer
Atlantic
7y8
High
Co.—
Assoc T & T deb 5%s A
Technicolor Inc common..
Jun
Range Since
Sold
No.
Low
-
Tampa Electric Co common
May
4 fa
Bonds
Friday's
Bid & Asked
,'(•:
•'
■
■
f debs~
s
AConv
Taggart Corp common
Feb
12%
15
Jan
Week's Range
Friday
Interest
Exehango
Curb
A Conv
Superior Portland Cement—
»•'
$3.30 "A" part
Jun
6% Feb
,
14% July
i
8% Mar
100
14%
10%
100
111%
'
3%s a f debs^...—.
3%s s f decs
Associated
.
Bun Ray Drue Co
Jun
11
Jan
•
Sullivan Machinery
Feb
Jan
Jun
15%
'
13.
—
14%
21
,
Jun
5
Jun
21
;
Jan
6
110
-
■-■'■'t
5%
5%
40% July
.
Jan
^ 11%
100
:
.
;
Feb
v
13V4
'
*:>!
•
'.:. 30% July
/14% July
;
325
10%
10%
•
pfd—100
-
.'••tV'I
'•
:p 13%
•
•
Jun
164
May
12
200
15%
:
'
Y"
19
50
—P..
.
May
14% July
.
July
3V4
3%
15
28
27%
'■
'■
15%
2
American Gas & Electric
Feb
3%
1,200
■
16
!Ia
'
6% Feb
Feb
125
:-v
40
May
113
Jan
Mar
150
30'%
//■v; 39
Jun
5% July
35
Jan
9
135
29%
Jun
4% May
300
-1
Inc—
8t£tlson (J B) Co common
Sr.mnes (Hugoi
Corp
4%
1,300
-•.-.I-
39
29%
Jan
900
•
Jun
Jun
,114'
.
Jan
111
BOND 8
York
New
July
'
53% Mar
300
11%
11%
11%
-1
5%
3
18
;
Mar
100
12%
67/a July
.50
Sterling Brewers Inc
5%
12%
17
14%
,
3% Mar
5%
A
;
Mar
.
200
i'
29%
12%
—10
;
Jan
107
200
5
4%
28
8% May
Jan
10
v
;I-M
27%
27%
:
1
Inc
Cement
v:
•,
'
-
y.,v;v:;
V',
5
400
V
'
■—-»
•
Co
Portland
7%
v.
.
Jun
14
2%
._1
--
V
7
—10
Products
Wright
Jun
■
Sterling
Apr
12%
9%
July
16% Mar
Sterling Aluminum Products
Apr
82%
Jun
—
—3
—10
River Oil Corp
American
Jun
18 y
7%
%
~57/a
(ACo common:
/6% 1st preferred.—
i'% 2d preferred
6%
Jan
-
-
;
Jan
54
.
100
•
Woodall Industries Inc
Jun
145
Jan
61
Starch! Bros Stores common.'.
3
130
vVy',
—20
Woodley Petroleum
Woolwortb (F W) Ltd-
'
Jan
1st pfd
Shoe Mfg
Wolverine
Jun
1,500
15%
i
St6el Co of Canada
Jun
500
•
Stationery com
Winnipeg Elec common B
Wisconsin Powei 81 Light 7%
Jun
1%
A Jan
•h Jan
.••1
,
207/a
114
16%
15%
1—1
Corp voting trust ctfs
Feb
98
Jan
1,100
4%
•'
B
Coke
&
Inc
Willson
26% July
Jan
Jan
11%
Jun
3% July
11
8
1.20
Coal
Williams
5% Mar
July
105
Jan
4%
7%
•
Maryland Ry 7%
Wichita
Jun
18%
Coal
Weyenberg
Jun
21
3,200
129% 130 %>
27
36
Va
Westmoreland
1% Feb
Jan
107
1%
.74
—100
Mills
Westmoreland
Feb
Jan
3%
1
Standard-Tube class B.
Stein
'I
400
76
•
Utility $8 preferred
Western Tablet &
Jun
Mar
17
3%
—
Co
Knitting
Texas
Western
7% July
6%
Jan
27%
12,400
1
1%
1
Standard Silver Lead—_
Starrett (The)
25%
1%
1%
III
200
107
107
.
«
Standard Products- Co_
•'
'
p
4%
20
i
■
Common class B-—.——-
750
25%
'
'
*
1,200
34%
4%"
20
1
24%
0
4% May
18
10%
•
West
Jan
64
Apr
500
23%
,i
—
1%
.
80 %
Jan
10%
4%
We.ntworth Manufacturing
Feb
147/a
Aircraft
West
Jan
10%
Jan
100
4% Jun
Jan
7%
10%
76
preferred
Manufacturing—
Wayne
Jun
11
July
5
1,100
1%
34
.100
67/a
4%
33%
~1%
-10
Preferred-
12
x51%
-20
Rt&hdard Power & Light—;—.
9%
Mar
65%
.2,700
92
Petroleum
Class B
Jun
Apr
Jan
100
65/a
4»/2'
pfd—.
12%
4%
6%
Standard Brewing Co
2.78
Standard Cap & Seal common—
1
Convertible preferred
—10
Standard Oil (Ky).—;
Standard Oil (Ohio)—5%
3iy8
Jan
200
3
-450
10'/a
.1
7%
preferred
Waitt & Bond class A
May
135%
29% Mar
10%
Jun
8,900
■
WagDcr Baking voting trust ctfs ext—*
31 •% May
10%
Jun
31
9%
W
Feb
31
8%
24
Jan
3%
common
oonvertiole
Waco
Feb
32
44
——*
—
49%
Jan
May
134%
3%
4%
-i; 78%
77
9%
Jun
3114
50
pfd
(A G) & Bros
Shoe Corp—
Btahl^Meyer
Inc—
Spalding
42%
27
10
8
Pipe Line
Southland Royalty Co
Southern
Spencer
46
46
—10
23
23
25
New England Telephone—100
Phosphate Co.
10
Southern
$4
Venezuelan
5% May
23
Oil:
Southwest Pa Pipe Line
Southern California Edison—
5%
original preferred
6% ^preferred B
5Ys% preferred series C
4
77%
preferred
3% July
8lA
3
3%
Feb
Feb
26
9% Mar
1
—I
Penn
South
Jan
50
6%
4% July
Jun
22
Jan
28%
Apr
17% July
21 y2
sugar—
Yalsefr*' Corp
Apr
19% July
7%
—I
Manufacturing common
Boss
10%
6,600
.100
Vogt
6,500
18%
16%
17 Vz
Jan
Jun
113
Feb
5'/3
24 Vz
Mar
12%
200
28%
—
Products-
High
Low
17
—_0
———
Co-
Utility Equities common
$5.50 priority stock
Jun
6%
19% July
«
16 M
Jan
614
376
Jan
110
.100
Corp
Sonotone
47/a
—•
—
Mar
36
Apr
Insurance
Radio
Range Since January 1
High
18 %
—1
Utah
July
Low
43',
4%
Utah Power & Light $7
16% May
-.
267% Mar
400
5%
5%
5%
-£1
—
pfd
Paper Mills
7%
City Gas & Elec
120
318
311
317%
Shares
—
Utah-Icmno
Feb
26
;
Jan
3
400
3%
3%
-.1
.100
rets crd regis
dep
Sioux
SoMr
32
—
Manufacturing Co
Manufacturing Co Ltd—
Amer
21%
common—
Co
$3 convertible preferred
Simplicity Pattern common
Singer
\
12% Mar
Universal
Apr
116% July
Jan
J0
B
Universal Products
121%
Jun
<50%
.100
26
Class
Jun
900
109 % 112
-23
Universal Cooler class A
Jun
15%
Slmmons-Boardman Publications—
Singer
Jan
200
5
17%
17%
17%
for Week
—10
Oil—
Universal Consolidated
7% July
12% July
5% Mar
Serrlck Corp class
Sales
Range
Par
High
Low
High
Low
Week's
of Prices
Curb Exchange
New York
for Week
of Prices
Sale Price
Par
Friday
Last
Sale Price
STOCKS
Range
Last
Curb Exchange
Sales
Week's
Friday
STOCKS
York
New
JULY 37
FOR WEEK ENDING
RANGE
1118% 120
10
17
71
1
37
22
106
60
90
61
107%
104
105 Vz
116%
120
-
L
«
yolume-162
NEW YORK CURB
Interest
Last
Period
Sale Price
1st
ref
ft
112
105%
107%
$ioe% 107
102 Vi 102Vi
106%
106 Vi
F-A
102
A-O
M-8
J-D
deb
Y &
Stinnes
Gas
103 Va
117
92
93%
92
93
AT-N
92
Ohio Power 1st
1st
92
A-O
4s
2004
1968
F-A
1948
3955
88
1964
Wash
95%
Park Lexington 1st mtge 3s
•
Power
31/2S
West
105%
Western
10G
105%
107%
101% -103 %
$1021/8 1031/2
103
103
$72
Penn Central Lt ft Pwr 4%s
1st
1977
5s
M-N
1979
3 Vis
1970
Philadelphia Elec Power 5%s
Philadelphia Rapid Transit 6s
Portland
5s
Gas &
Coke
Traction
f
s
(Can)
Corp
•
$106
f-a
1962
M-S
i;
1964
111% 111%
2
107 Vi IO71/2
■
:
2
4Vis B
J-J
1959
1949
106
3-D
1J1
106
M-S
1964
;
101
J-D
1960
—
5s
stpd
5s
New
'
Sinking fund deb 4s
3-D
Public
Service
6%
of
New
perpetual
Jersey—
;
;•
M-N
certificates
155
155%
/
111%
101
102%
101%
106%
105%
109
103
106%
151
Danish
5'/is
J-D
8an Joaquin Lt
1952
1C8
ALima
158% !
5
108
Last
Sale Price
104%
or
126
•''(MhUVjjj
Range Since
Bonds
Friday's
Bid & Asked
January.!'-.Low' 'High
i-sb>•)» '■ I
63
$66
—
:
J-J
*:o.rT.:'c
$26
J-D
M-N
F-A
1952
29%.'
J-J
•-28y^3 i?:
$85%
—
90
185 V;
90
$28
V
29%
19
19
16
76
y1
CO
6%s stamped.1958
M-S
$17%
1958
(Peru)
M-N
$45
$99
1951
$98
3s
1963
M-S
3Vis
1970
A-O
1971
J-J
1951
F-A
Southwestern Gas & Elec 3 Vis
1970
F-A
$107'/2
Southwestern
2022
M-S
$108V2 IO91/2
1989
M-N
103 >/4 1031/4
12
May 1948
May 1948
A-O
103
103%
67
103
1031/2
66
9
6s
6s
■''tfaim'
90
99%
pursuant to Plan A
AMeaellin
reduced
7s
r.rofijS
2008
M-N
1951
J-D
1947
1947
1931
1972
2VeS
to
stamped
96
—
Mortgage Bank of Bogota—
A7s (issue of May 1927)
A7s (issue of Oct. 1927)
92
M-N
$48
36%
36%
California
Edison
Southern
California
Southern
Counties
1st mtge 3s
Southern Indiana
P
Spalding
Standard
Gas
Rys
&
(A G)
Gas
Gas
101
106%
106
$106
31
107%
106
109
105%
T
6s
5s—,
-105% 105%
.
99'%
99y4
105
5
991/2
(State)
101
106%
'
'
:,,
.|
ARio
108%
104%
109
100 ;
103%
■:V Conv
6s
stamped
Debenture
>
6s
Debenture
6s
6s
gold
Standard
debentures
& Light
1
i960
1957
103
••■FxA
r
103%
1031/2104
J-D
96%
96%
'
,23
103% 103%
4
v
105
Corp lno 5s
.
r
103 Va 1041/4
22 v; .1
96%
105%
/
103'/a 104
15
96%
105%
f
A-O
76
78
38<»
37%
1959
J-J
$44
46
2012
J-J
$37.
39
6%s_
1919
J-D
8%
8%
87/a
82
J-J
9
8Ve
9
51
—
to
Government
7
58
A Bonds
81
a
being traded flat.
►
J-J
54
54
30%
5
■■
${#-<■?
.
.
"cons," consolidated; "cum," cumula¬
certificates of deposit;
"M," mortgage; "n-v," non-voting stock; "v t c," voting trust eertlHcdteai
without warrants.
•;
tive; "conv," convertible;
54
i," when Issued; "w w," with warrants; "x w,"
"w
-
.
,
SReported in receivership.
Abbreviations used above—"cod,"
1948
.....
deposit
-l:
Deferred delivery sale, d Ex-interest, e Odd-lot sale, n Under-tfee-nale eala.
Cash sale,
x Ex-dividend.
•
IFriday's bid and asked prices; no sales being transacted during current week.
■■<
(Hugo) Corp—
A7-4s 3d stamped
A Certificates of
46
1921
reduced
•No'par value,
F-A
76
$45
M-S
;
96%-.105%
96%<»T05
F-A
7
M-S
-49
22
;
1950
6a_
.90
22
105%
1957
.
Power
AStarrett
Stinnes
1951
Dec
A-O
$86
2008
A5%s
;
J-D
46%
__
pursuant to Plan A
Interest
Electric—
ft
(stamped)
$17%
2%
6V2S
Janeiro
de
Stamped
'
' t
ARussian
6a
$48
to Plan A
Interest reduced to 2%s
/
,
7s
pursuant
Stamped
105%
89%
8
__
A-O
J-D
109%
AParana
105%
:;,ia)s'a
45
1958
Mortgage Bank of Denmark 5s
(Calif)—
4s
L
106
J
T
/
AMortgage Bank of Chile 6s_
Southern
37.-
—
'
$126
J-D
A-O
Estate
.
'
1953
7s
AMaranho
127
Sold
NO.
Low
109
jur-s
ft Pwr
Real
■■
•
&
City
-
/
107
106 V*
1951
ASchulte
Scuilin Steel inc mtge 3s
mil
|
M./>'J:
'T.T v;/'.$66
A-O
1955
—;
Waterways—
A External 6 Vis stamped
;
33
1051/2 IO51/2
108
^
105.%
99% 105, s'
9.9Va 1W%
2
t.
Week's Range
Interest
Exchange
5s
Interest
A-O
1979
A
Curb
5%s
Extended
Stamped
1952
series
York
Danzig Port
Queens Borough Gas ft Electric—
Safe Harbor Water 4%8___
100
100
..$100
...
Friday
Agricultural Mortgage Bank (Col)—
A20-year
7s
April 1948
A20-year 7s
Jan 1947
Bogota (see Mortgage Bank of)
ACauca Valley 7s
1948
109
1
■
116%, 119
101
High
109%
3
105% 105i/4
1
1
1041/2 1041/2
Period
6
106
110
v;;
107
7
102% 102 7/a
119
'
109%
105%
4.
ForeignGovernments &^titiictpalities
Public Service Co of Colorado—
7,1st mtge 3Vis
:fr
108
108
119
J-D
J-D
107
F-A
1937
$107% 109
107
J-D
1959
5s
69
■■
109
11
102
.
SIHIH
Co—»
1950
53%,Tp.<
■
f'
106%
/
26
109
108
__
115% .116%
671/2
A-O
,.1947
Co
AStaraped
108
106
107
108
310% 112%
6
115% 115%
/
72%
104%
6
IO41/2 105
10
105
63
$1051/2 105%
107,3
106%
2
2 02
•
M-S
,,2030
debentures
102 %
103
731/4
/ $106
__
J-J
3972
stamped extended
Power
104%
M-N
3-D
t
102 &
no%noy4
102
O N D S
Pennsylvania Water & Power 3Vis_1964
:
.
107%
101%
14
-MA:*
103
.102
juv
109
105'A
--
104
$103% 305
■
.
Newspaper Union—
conv
I AYork ,Rys
r
109%
106
,
4
,
98%
106
35
Penn
6s
109%
92%
1061/4
106
F-A
-
Water
104
$1051/2 107%
/
M-N
1954
102%
106
.-K'ttVa
109
■
■'
dibs
101%
J-J
5s
income
32
—
106
■
....
V
A 5s
46
98%
5
•
$109
...
F-A
2022
_.
West Penn Electric 5s
1021/2
106% 106%
u--;
Waldorf-Astoria Hotel—
95%
957/a
108
106
F-A
Light
High
.
s/»la%
27
2
.
'
1952
.
107%
"'$96%
A-O
Pacific
A
1
»•: *3"
Lt ft
series
531/2
Co—
5Vis
5
$105 J/4 1081/a
77 A-O
1971
4s
January 1
Low
No.
110%
88
5
6s
& Power
cons
27
$102
,1962
;
ft
A-O
4s
Utah Power ft Light CoDebenture 6s series A—
88%
21
102 7/s 103
-
Oklahoma Power & Water 5s
Power
A-O
/
3 Vis
mtge
Public Service
1959
J
101% 102 %
101%
J-J
J-J
J-D
N
93%
103
redeemed)_1948
108%
112
•
1954
3s
mtge
Ohio
Range Sinee
Sold
Low
531/2
J-J
3%s
107% 107%
M -N
M-N
(21%
1968
108%
114
A-O
Rys (Delaware) 5%s_1952
United Light ft Railways (Maine) —
107
106
U05
1964
Westchester Ltg
8
92 Vi
1948
5s
Light
1946
1949
United
1.
4
92 Va
3%s
Electric
1st lien &
106
15
116
3-D
■
101%
:
Edison
United
i
North Continental Utility Corp—
A5%s series A
Industries—
stamped
:...
2nd
Toledo
108%
103% 105 %
116
M-S
1961
.
Bonds
Bid ft Asked
(Hugo)
A 7-4s
78
105 :
106% 107%
105 Vi
116
J-J
1950
N Y State Elec &
4
1947
3 Vis.
Power
New England Power Assn
Debenture 5Vis
N
102% 103
"64
3
18
1948
5s
England
75
M-S
75
106% 107
107
J-D
—1948
Conv
'r
J-D
5s_.
Sale Price
104 Va
A-O
1981
Gas
Last
Period
High
110
2022
Amsterdam
Week's Range
or Friday's
Friday
Interest
Exchange
High
Low
tllOV«111
-1955
4%s
A
New Eng Gas ft El Assn 5s.
New
>
.
J106
1978
5s
Power
series
New
Low
J-J
1963
,
Curb
/.
J-J
1967
2
to
Gas Light 4Vis
Minnesota P & L 4%s
Nebraska
York
United
Milwaukee
6s
Friday's
Valley RR—
Extended at 4%
;
January 1
No,
New
Range Since
Sold
or
1948
3%s;
stamped
Corp 6s
Midland
......
...
Lake Superior Dlst Pow
McCord
Bonds
Bid ft Asked
1969
1970
1966
Kansas Power & Light 3%s
Utilities 4s
'
485
BONDS
High
Exchange
JULY 27
Week's Range
Friday
BONDS
Kentucky
'l
•*
fa ' '
EXCHANGE
RANGE FOR WEEK ENDING
Curb
<'
J
»
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4407
New*York
Hid.
f/W'.
—i w
OTHER STOCK EXCHANGES
--.-•rfvIT
■'
i,
Baltimore Stock
0.1 )'P
:-i
JULY 27
RANGE FOR WEEK ENDING
Exchange
Week'sSales
Range
for Week
Friday
•'
Last
STOCKS-*-
of Prices
Sale Price
Range Since January 1
Shares
'
•
Friday
STOCKS
r
-
i'"'}:
;;
Preferred
v
t
Eastern
Shares
Low
22 V4
t
v
5%
c
100
Sugars Assoc
of Prices
For
c
Consol Gas El Lt & Pr
for Week
common
common
v
S
—25
Vernon-Woodbury
—20
Mills
.100
National Marine Bank
U
Bonds—
10%
160
29
7
Jun
Feb
40
100
15
25
229
14
--
/•.
Jun
8
Apr
Jan
155
Jan
12 Vz
168
July
46
Jan
56
Jun
Jun
30
Apr
100
31/4
Jan
15
Jun
35
87%
Feb
107
July
47%
48%
50
29
29%
100
41%
25
42%
43
220
26
Jan
Mar
481/2
Apr
29% July
41% July
43
Jan
38
451/4
Jun
Mar
1975
5s
series
A
&
5s
series
B
83%
83%
85
87%
1975
-
.
preferred
6 %
88
100
$21,000
'
100
Friday
6%
3
.
80Vi
15%
.—
—
Apr
86%
Jun
General
10,100
76
Apr
91
Jun
Gillette
2,500
100
Jun
Last
Range
7%
Shares
American
Agricultural Chemical-
American
Sugar Refining
American
Tel
American
Woolen
Anaconda
Tel.
Elevated
Boston
Herald
31%
30%
31%
255
457/a
45%
45%
80
177%
RR—_I
I
22%
339
31%
33%
407
130 %
106
41%
2,071
130
41
40%
Central RR
96
145
75
^
preferred
Mergenthaler
31% July
Narragansett
55"%
56
5% class A 1st preferred
stamped_100
7% class C 1st preferred
100
12%
Stamped
10% class D 1st pfd stamped
footnotes
see
page
492.
100
.100
13
156%
Jan
184
July
9%
Jan
29
Jun
Jan
36%
Jun
29
115%
Jan
37
Jan
132
July
National
Rac'g
Service
50
55
52
80Vi
15%
71
Jun
69%
Jan
81
Jun
Jan
30
82
390
60%
Jan
90
30
10%
Jan
17
30
11
Feb
300
18%
85
Mar
21% Mar
Jan
24%
177
Jan
46%
46%
55
14.
May
..
Jan
36-"sApr
27%;:,"Jun
2,097
391
42%
Jan
36%
39.37 39.50
417/o 43 %
" 14% 15%
70c
104
'
v
—
--—
-
2%
36%
8%
70c
300
5
860
492
104
2%
Jan
41
37%
Feb
44%'itfa\r
13% Mar
17%, Jun
BiW/Juh
'"July
Jan
5%
Jan
85
41%
Jan
50
—
13%
13"%
17'A
18%.,
Jan
105'J.frt
2% Jun
40% "Aitt
Jan
200
I—1
Jan
136
68Va
V/e
July
Jan
6%
10%
52
1%
68Vi
'
1%
35 %
10J/2
50
1%
—
70c
100
25
37%
8%
18%
26c
26c
;
11%'Mar
:.nv.
1
64%
15%
'
Butte
*
——100
2.50
100
—*
Mills
RR
—..
121%
Quincy Mining Co...
Jun
Reece
Folding Machine
;
500
46Va
15%
22c
120
121%
55c
50
-
400
3%
3,580
400
52%
*
36%
1%
25
...
+
10
52c
—
-.50
:...
Apr
52%
15
35%
1%
37%774
2A
159
2/8
50c
3
2
-
12%. Jun
62
';Juft
Jan
2%-Jun
Apr
-71%'Mar
17
Jun
Shawmut
22
Juni
Stone
&
1.
Assn..
Webster
Inc
——.—
—-*
*
16%
l33/e
16%
12 A
}6%;:
14
Jtin
Jan
16%
Jan
22% May
July
49c
'-Feb
50% "Feb
109%
Jan
Jan
30c
Jan
72c
30c
Jan
5
42
124% f Jun
Feb
531
383/a Mar
54%
Jun
33%
Jan
40%
Jun
1%
Jan
3%
Feb
1(4
Feb
2% July
14%
Jun
10% Mar
14
Apr
7%
330
28c
46Vi
225
.
July
80
14 y8
87
Jan
16
2%
36%
———:1
Old Colony RR
23%
18
Feb
Jan
12
•—
1
Inc..
Cos.
Mining.
42%
169
14 Ys
Apr
4% Mar
109
31%
—
5
Tel & Tel
110
13
59 Va
.
Jun
14%
99.; /July
July
120
♦
Assn
New England
78%
12%
Jan
3
96
330
—
England Gas & Elec Assn—v
6V2V0 preferred 4..—
28
13
...47%
New
North
12%
,
18
3%
100
13%
42'A
15%,
,
100
...
Nash-Kelvinator
Jan
Pennsylvania
80%
..100 '
common..
Linotype
29% July
45% July
RR—
100
;9%:;^ar;
High
Pacific
Maine
Feb
34 A
—
5
common
Massachusetts Utilities Assoc vtc
77%
Corp
prior preferred
(Del)
27%
.....I—100
Ry
2,516
21%
32%
100
25
Traveler
177% 179%
21%
~50
Edison
Boston
♦
Copper
Corp
Low
—100
...
Albany
Boston
....
78%
32/19'July
24%, Jim
,
~
*
*
—15
*
class B
preferred—
Royale Copper..
5%
Range Since January 1
High
-Too
Copper
St
Low
Jun
23%
•
1
*
*
'Safety Razor Co
conv
Maine
for Week
of Prices
9Feo
_
Jan
U
34%
—1
Electric
Lamson
Sales
Par
rM
Apr
16%
47
.
High
Feb
6%
30.62 Mar
45
:
103%' Jan
Exchange
Sale Price
STOCKS—
41
;
Jan
34 A
23%
—
*
Employers Group Assoc
Engineers Public Service
First
National Stores
97
97
100
preferred A
1st
95
55
—
preferred B
—100
preferred adjustment———100
Eastern SS Lines Inc common
—•
70%
Week'a
13%
450
450
: >/•" 10
;
—
5%
Isle
For
'
96
6%
Kennecott
Boston Stock
&
,
\
Ry common.—100
Mass' Street
Eastern
$7
1%
8
100
100
4% % prior preferred
Hathaway Bakeries
Boston
....
Associates—
Fuel
General Capital Corp
1975
&
—
-*
i,
58
6%
31.65 31.65
21% 21%,8
8 "
/i.-
10-
Co
m.
17%
"■*
Baltimore Transit Co 4s
Boston
5
—
Trust
16 Vi
56
6%
Low
;;><
High
/
Gas
Eastern
Jun
27%
16 Va
57%
1
Hecia———
Range
Copper
Low
•
100
Trust
Prop
Service
Cities
Jun
78
41%
—50
July
Jan
28 y4
48%
.
2.75
23 Va
69
53%
106% 106%
48%
Jan
ft
Shares
Century
20
14
—2
16
Calumet
High
2
28
,
106%
preferred .50
8 Fidelity ft Guar
561
:
53%
.30
New Amsterdam Casualty.,
Seaboard Commercial 5%
820
Personal
Boston & Providence RR
January'l
Low
369
77
160
28'A
.100
com
Preferred
5%
33
10%
10%
—10
Houston Oil of Texas 6%
Mt
22%
77
Fidelity & Deposit Co
Fidelity & Guar Fire Corp
pfd vte
5V8
Range Since
Par
\
Boston
High
32
32%
i
t C—1
/
Sales
Range
Sale Price
v-'1^
•
Arundel Corporation
Bait Transit Co common
Week's
Last
Apr
16% Julir
10%
Jan.
15%
Jun
-
v v
f
,C '>
1
'^-V
*V"'i
*■.
j
N
vKM?-***•,';
THE COMMERCIAL & FINANCIAL CHRONICLE
'486
Monday, July 30, 1945
OTHER STOCK EXCHANGES
RANGE
Sale Price
•
Torrington
Union
Co
Drill
Twist
United
Drug
United
—.
Inc
Vermont
41%
Modlne
Jun
Mfg
—
Inc
36
common
&
Co
fe
...
73 %
July
80 % May
National
85
51%
Jan
61%
Jun
North
66
59% July
69%
■
60%
54%
59%
■.
-
■
National Pressure Cooker
Standard
American
31%
31%
32%
13%
30
829
137
July
16% Mar
Jan
38
31% July
May
Northwest
7%
Corp
14%
..
14%
136 % 137 %
1956
3s_.
conv
.20
38
40
40
18
18%
--
*
-
V--"'-'*-—■
*
common.:
common
Utilities—
137% July
118'/a Feb
$3,400
26
6%
preferred
class
Corp
Week's
Range
for Week
Sale Price
of Prices
;V
Shares
Ball
Aetna
Bearing
Chalmers
Allis
Mfg Co
Service
American Tel & Tel Co
1714
8%
—_*
12%
50
850
2%
2%
Mfg
Co
L)
Cent
Secur
9%
Jan
5%
Jan
6% May
9% Jun
5
1814
18%
18%
50
16
Apr
19%
Jun
29%
30
100
26
Jan
34
Jun
19
19%
250
16%
Jan
21%
Jun
1
July
"
:r
19 %
10
!
13
Chain
11%
1
1
49%
100
48 J/4
Jan
55
Feb
11%
12
700
10% Mar
13
Feb
8%
__
—1
8%
150
7%
Jan
10
Apr
39%
50
32%
Apr
3914
Jun
100
6%
Jan
8% July
500
13%
Jan
19% May
1
17 %
17%
17%
10614
•
1
8
8
8
105%
2,080
99%
Jan
2
2
450
%
Jan
3%
4
4,700
O 00
50o
2
3%
*
12114
121% 121% '
13714
137 % 141
•
1514
common
Belt Co
_
common
Cherry Burrell Corp common
Chicago Corp common
Convertible preferred
—
14%
23
23
19'
19%
1
7%
7%
•
Jy54%
54%
ri
8%.<
2%
July
Apr
H Jan
Jan
131
141
July
82%
8%
Jan
20%
Jun
Apr
200
21% Mar
27% Mar
150
16
2014
Jan
8,000
7%
53%
Apr
9% Feb
Jan
.650
Jan
58%
61
May
54
54
43
Jan
13%
100
12%
V t
for 5%
c
Chicago
Towel
Chrysler Corp
Club
preferred
Co com capital
Uten
(The)
gColeman
.*
Co
Common
partic pfd
sh, vtc A
part
Co
Decker
(Alf)
Electric
Fitz
Simons
Dock
Co
'V:
17
Jun
31% July
1114
11%
11%
650
7%
Jan
12% May
43%
43%
50
Jan
44
21
Feb
20%
4314
6%
1,000
4%
18%
July
36
40 % May
42
42
100
35
Jan
42
preferred
85
4%
common—
Signode Steel Strap—
(new)
Common
1
July
Illinois
Brick
Illinois
Indep
Co
Central
36%
Pneum
Stein
&
class
Co
A
Swift &
Indiana
Steel
Interstate
Tube
&
6514
common
16%
Feb
1
>
Feb
>i
21%
22
300
17
Jan
23%
Jun
>
42%
42%
90
45
Jun
United' Light & Rys
w
37%
38%
200
42%
•
<fe
Inc
footnotes
vv;
43% Jun
100
14% Mar
18%
Jun
800
59%
Jan
72
Jun
3,300
7%
Jan
10% Mar
31% Mar
34% May
37% May
1
9%
Walgreen Co common.——.———i_.*
Westinghouse El & Mfg com (new) 12%
31%
10%
Wieboldt Stores Inc common
31%
preferred..:..
prior
20%
Bankshares
Wisconsin
•
Yates-American"
13%'
2
common
Woodall Industries common
13%
13
12%
11%
6,650
14
14%
Jan
8% Mar
850
7%
8%
.*
Jan
102% July
8%
50
35%
8%
Machin^ capital.—5
Zenith Radio Corp common—
14%
100
r-10
V
102% 102%
102%
*
31% July
1,500
32%
20%
31%
*
300
32
•
Cumulative
35%
100
35
Jan
July
21%
Jun
103% Mar
13
9%
July
Jan
Atch
32
Copper
Curtlss-Wrlght
92%
Corp
Iron
400
11%
Jan
1,400
29%
Jan
36%
Jun
92%
92%
100
76%
Jan
100%
Jun
'6%
5% Jan
7%
Jun
38
Jan
44%
Jun
V
S
Mar
11%
Jun :
—1
[
10
100
26%
100
23%
Jan
28% July
22% May
17%
18'A
1,700
15% Jari
&V*
26%
1,700
22
Jan
32%
30%
30%
30%
700
28
Jan
capital-
18%
19%
650
17
Jan
12%
12%
2,100
22
22%
59%
61%
23%
23%
18
•
26
-1
Paramount Pictures Inc.-
(The) common.
r
21
Jun
Mar
10% Jan
13% Jun
900
19%
Jan
26
400
56%
Jan
65% May
300
18%
Jan
29% May
Feb
5% Mar
18%
18%
1,300
13% Mar
21%
36%
100
35%
Jan
40%
15
59%
25
1
Oil of N J
Standard
Jun
Jun
Feb
150
11
Feb
16% May
8%
400
15% July
15%
200
8% July
13% Jan
26
Friday
July
34%
Apr
Jun
STOCKS— 0
Feb
9%
65%
66 %
500
6%
Jan
62
70% May
17%
Range
for Week
of Prices
Shares
low
Jun
...10
1114
11%
11%
200
11%
Apr
13% Mar
16%
16%
300
13%
Apr
17% July
100
48
Jan
20
Machine-
Laundry
American
Baldwin
35%
35%
Low
Jan
36% Feb
27
10
Jan
19
io
10
Jan
12%
150
36
V
19
11%
—
High
32%
19
11%
3%
8
Range Since Jannary 1
High
3%
100
108% 109%
62
July
Jun
22
Sales
Week's
Last
Sale Price
18% May
l
A
56
37%
37%
20%
21
300
17
Jan
25%
25%
25%
100
24
Jan
5
300
*
5
.
1
4%
io
1
*
•
.*
—
common—
.
common
—
5
5714 Mar
40
23
37% May
3"%
Jan
7%
•
Jan
May
27%
Jun
5%
Jan
12%
13
250
Jan
12% July
33%
200
20
Jan
41%
Jun
26%
'500
26
Apr
29
Feb
II
7%
7%
100
6%
Jan
II
30%
30%
20
1214
Jan
39
Jun
9%
9%
200
6%
Jan
10%
Jun
7%
Jan
~V/4
9%
9%
1,650
32%
33%
500
54%
__
54%
20
7
*
7
■
26
l
A
10
3314
*
preferred
com
1214
100
new
Lamp
56
37%
*
(new)
vtc
V'
25
common
44
814
..
~.
7
■
8%
44
8%
30
30
16%
16%
100
8% Mar
11%
28% Mar
34%
52%
56
Feb
4% Mar
20
37%
Jan
900
7%
Jan
8%
45
9%
600
2514 Mar
30
50
13% Mar
18%
Jun
Apr
May
Jun
Apr
Churngold
—
Crank—...—
5
Cincinnati Gas & Electric pfd.
-100
108%
50
50
85%
Cincinnati Ball
Cincinnati Street
Cincinnati Telephone
Cincinnati
com
capital..
page
492.
16%
70
13%
43%
43%
25
40
Jan
46
43%
Apr
45
Mar
50
Jun
13 %
Jan
50
11 %
Jun
Kroger
*
107
36%
Jan
10%
Jan
Jun
—*
15%
Meteor
55% Mar
62%
Jun
48%
A
Randall
class
B
'
——
Rapid
U S Playing Cord—
U S Printing
Preferred ———-—■——;
.
42%
"vr
15%
15%
33
58%
58%
59%
404
21
3%
Feb
26
26.
40
23%
Jan
27
25
50
50
40
43
Jan
50
Jun
18%
14%
Jan
20
May
49
49
11
43
Jan
50
Jun
19%
21
302
19%
19%
5%
*
—*
—10 /.
50
5%
..
—
8
July
Jun
Unlisted—
American
18%
Jan
26
Jun
City
8%
Apr
Jan
25
—.——....
Columbia Gas
1,500
550
100
2%
Jan
12
Jan
Mar
\v
Rolling Mill
Service
450
3%
5% July
Apr
1,800
14
44% May
18%
•
Procter & Gamble
11%
3%
Jun
16%
12
11
14
19 %
16%
48%
2414 ' 24%
,.
Feb
Jan
15
43%
1
15
11
57
10
19%
*
19
Jun
lo
Jan
8% May
11%
12
44
I
....
Feb
16
10
—-
—
Jan
Jan
14
86 % July
42%
class
3414
10%
Jan
July
11
*
Hobart
Kahn
50
15%
8%
78% Mar
Jun
Jun
50
43%
14%
.
109
Jun
4
109%
11
10
—
43%
vtc.,
common
v.
Jan
*
Stock Yards
Eagle-Picher
Gibson Art
*
14%
2% Mar
107%
75
12%
86
.
i
•
cumul pfd
12
85%
:
*
Union
Crystal Tissue
15%
Feb
.——
.10
21%
7%
50
65%
—...—
66%
60
14% May
Pure
Oil
Standard
-
Brands
—
18%
18%
18%
35
35
15%
19
Jan
May
20% Jan
4
Jan
22% July
24
Jun
23%
Jan-
8 %
July
70% May
62%
Jan
25
18%
Jun
20%
25
28%
Jan
37% Jun
Jun
4%
Motors
27
21%
7%
& Fuel-
Ice
;
34% Jun
18%
8
Nash-Kelvlnator Corp
New York Central RR
io
26%
•i
—*
:
800
600
CO
42%
*
common
15% May
13%
33 %
42
42%
Martin (Glen L) Co common
Pure Oil Co
;;
6%
-
Electric Co.
Xnterlake
S
32
13
cohu—*
Mining
50
Topeka & Santa Fe Ry com—100
Anaconda
18%
7%
<
:,v42.;v:--:;Feh. i.i
24% May
100
?
'
14% July :>i
Unlisted StocksAmerican Radiator & St San
Jan
600
|
'
!
Apr
26
r
_;.T«
Jan
•
4
Feb
common
see
Jan
-.'
Jan
13% Mar
$1 prior preferred..
For
23%
'•
17%
*
-.t-V;
36% Jan
July
67'
Utah Radio Products common
Apr
18%
common
Corp
Hart
Apr
17%
67
U S Steel common
General
Miller
22%
66%
1—-—
15%
700
Rad & Mfg $214
West
25
34%
—5
United Air Line Transp cap.
<
39% Jun
;V/:•.!, ("V V{
Apr
10814
600
Mickelberry's Food Prod
Middle
17
450
j.
June
5% Mar
23% Jan
1,300
37'%
42%
\
Cities
Field
Jan
Apr
Apr
15 y2
Printing Co $314 pfd—......*
Marshall
Apr
3%
14
Jan
21%
Leath & Co cumulative pfd.
McCord
26%
31
12%
7%
8
Co
120
4% f:l ^ 600
850
104
26
LaSalle Ext Unlv common'
Material
39
2,800
150
15
—50
Lincoln
17% Mar
17% May
14%
150
814
Kentucky Util jr cum pfd
Line
Mar
12% Mar
32
14
15
common
Libby McNeil & Libby
15
July
22
25
25
208 South La Salle Street Corp com—*
(The)
Trane Co
{*
7% July
16
14
22%
20%
Co common
Switchboard common
Ken-Rad
Apr
31%
•
15
Katz Drug
Kellogg
14%
14
*
20%
cap
$6
1,250
31%
5
Republic Steel Corp common——
•
Products common
Power
16
400
22
capital
Co
Radio Corp of America common
600 ~
j
j
25% May
Jan
1,400
36%
common—
Sundstrand Machine Tool common
Jan
*
capital
Tool
5%
'I
Jun
15
1%
common
RR
50
15%
4%
Jun
common
common
-
15%
'
11%
36%
10
Hershey class B
Harvey Inc common
Hupp Motors
18% Jan
Jan
5% Apr.
22%. Jun
July
37%
37%
3714
18%
5
Houdaille
Hubbell
300
7%
'
Jun
com
Razor
(Geo)
18
15%
~
Jan
15
Safety
Co
100
Jun
46%
14%
Sinclair Oil Corp——
.2
Spiegel Inc common——.
...
St Louis Nat Stockyards capital
•
Standard Dredge common
——2
Standard Oil of Indiana capital
25
Mar
17%
300
Gillette
&
23%
15%
10
400
10
Hormel
300
,
89%
y;
30% July
4% Jan
,>
.—:
26
4%
common
Hibb Spencer Bartlett
Apr
y
4%
7%
..
50
17%
Motors
Brew Co G
76%
July
4% July
Jan
370
18
23%
1
capital
Cummins
Schwitzer
100
21%
General
Heileman
r
;
2%
70
31%
18
Par
Harnischfeger Corp
86Vi
30%
5
50c
100
3%
85
,
30%
100
4%
1
Dk
3%
3%
Cincinnati Slock Exchango
Inc:
Auto
&
Jun
21% July
Jan
11
17
common
Dr
108
Jan
18% Mar
33%
•
....
Dredge &
(Peter) Brewing common
Lakes
98
150
700
31%
21%
General Finance Corp
Great
30
101
37
10
Btudebaker Corp common
*
Corp
Feb
8% Mar
21%
21
14
1814
Jun
15%
.
36
12%
1
5
58%
Jan
10
21%
105% 106
15
Jun
36%
11
17
Feb
26%
t
21%
31%
*
Co
Connell
6%
Jan
400
5
America
Drive
Jan
28%
14
common
Four-Wheel
Fox
3"%
4,200
106
common
Watch
&
700
May
17
10
Household Util Corp
Flour Mills of
5%
116
31%
100
pfd
cum
Corp
National
Jan
30%
*
Domestic Industries Inc class A
Elgin
93%
17
25
8c Cohn Inc common
Doehler-Jarvis
76% Jun
74
May
.
Jan
17
*
shs vtc class B
Dodge Mfg Corp
50
63
30%
50
common..
Cudahy Packing Co 7%
:
54% Jan
1
vtc
Common part
Crane
600
100
5
5
Consolidated Biscuit common
Co
70
25
...
Commonwealth Edison common
Consumers
67%
107% 107%
*
com
Inc
Co
70
5
common
Aluminum
65%
70
100
16.
i
Jan
101
101
»
common
Berrick Corp class B
General
Chicago 8c North Western Ry—
k
Apr
Apr
Jan
Jan
120
120
15%
5
preference
30
110
5
470
*
Lt
A July
39%
8
5 -V
pfd
1,000
49%
5
common
Berv $6
&
Feb
Jan
3
10
Pr
Jun
7%
preferred—
States
49
650
Preferred
Central
10% July
3% May
Jan
900
*
lien
Jan
44%
2,100
Central S W Util common
Prior
Jan
1%
200
514
A common
Corp
6%
500
1,300
3
.7%
common
Illinois Pub
111
18014 July
714
Brothers
Central
Feb
4%
Burd Piston Ring common
Butler
135
814
capital
Co
(E
Jan
49% May
y
4%
Berghoff Brewing Corp
Bruce
158%
100
Jan
814
.—
Binks
39% Jan
124
-714
4
Bastian-Blessing Co common
Mfg Co common
Rights
Corp
Jan
Apr
3
common
Belden
Aviation
11%
19%
Feb
——3
Athey Truss Wheel capital
Aviation Corp (Delaware).
Bendix
Jun
47%
8%
47
*
common
& Seelig class
814
16% Feb
150
914
8%
8%
1
Barlow
10%
179
5
Washer
Jan
100
179
Mfg Co common
Automatic
7%
129
Asbestos
Invest Co
550
46%
46%
Armour & Co common
Associates
15% May
50
129
High
Jan
9
100
capital
Xote
•
Jan
July
19
,
11% May
23 %
6 %
*
common
(new)
17% Jan ,;
41
Range Since January 1
10%
1714
*
100
pfd
Common
7,350
;
8%
8%
*
common
Public
American
12
1714
5
Allied Laboratories common
12%
12
814
1
Packing
100
39
Jan
10
.
common
Raytheon Mfg Co 6%
HUlh
low
rat
Advanced Alum Castings
Rath
Sales
Last
(The)
36%
26 Va
15% May
15% Mar
100
50
A
RR capital
Circle
(The) Co
Quaker Oats Co
Chicago Stock Exchange
common
Jun
65% July
13% Mar
400
•
12%
..
5
100
;
;
Switch
Elec
Process
Corp
Feb
4%
Jan
13%
100
Perfect
Admiral
48%
100
:>;
26
•
Corp common..
Peabody Coal Co class B com
Penn
STOCKS—
40
y.
preferred
Pennsylvania
Friday
High
Jan
2% Mar
300
14%
36
—
Bonds—
& Tel
33
100
61%
36
.10
com
Bancorp
Western
North
-1
common- -2
common
Car
Illinois
Northern
15%
Feb
130
5
137
15
Omnibus
American Tel
50
>
Jun
550
15
12%
4
4
Low
36
4
common.
Range Since Jannary 1
High
".V:
21% May
106% July
59%
M
Low
'
Jan
76%
137
Co—100
*
Westinghouse Electric Corp,
'
Co
Ward
Montgomery
Jun
Mar
15%
55
618
52%
10
System
35
Jan
90
17%
75%
75%
Shares
i;
common
Chemical
National Cylinder Gas common
Ref & Min common—50
Massachusetts Ry
&
Waldorf
30
175
103% 105%
104%
for Week
Par
High
35% July
420
32
16%
•
23
common
U 8 Rubber
U S Smelting
■
'
Co
Fruit
30
30
5
...
Shoe Mach
United
Range Since January 1
LOW
37
stocks—
Monroe
5
Sales
Range
of Prices
Friday
High
35%
—
Week's
Last
Sale Price
;;
Shares
of Prices
Low
Par
ENDING JULY 27
for Week
Range
Last
stocks—
Sales
Week's
Friday
FOR WEEK
Jun
j;
'
r
■
t
487
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4407
"•Volume 162
OTHER STOCK EXCHANGES
RANGE FOB WEEK ENDING JULY 21
Wire to Allen & Co., New
Direct Private
Friday
Week's
Range
for Week
of Prices
Shares
Sale Price
STOCKS—
Par
City
;;
:
Cleveland Cliffs Iron preferred.
Cliffs
Corp
.—1.5
common.
Goodrich
(B
F)
Brothers
Interlake
21 %
50
53%; Jan
63 Va
a507/a a50%
50
49 % Mar
57%
Feb
16%. Jan
21%
21%
46
36%
37%
150
a333/4 a34%
37
351/2
—*
—__*
T
Angeles Stock Exchange
Jan
39%
273/4
Metropolitan Paving Brick common..*
7%'
National
Ohio
_
Jan
39
17%
l
Jun
Jun
13 % Mar
Los
Tile
class
class
Brass
Ohio
of
Jun
'/
20%
200
Jun
27
Jan
Bandlnl
Petroleum
—.!
Co...
Jan
5%
Jun
7% Feb
10%
Feb
:
Jan
31
Jun
Jan
22
Jun
48%
20% July
23%
45
86
-
.
•:
19
19
100
3%
Jackson
Byron
140
140
1
18%
Apr
24%
Jan
2%
Feb
Z
4%
4%
2,250
22%
14
Mar
Feb
23
130
Apr
140
39%
Cc
.10
a55% a55%
Fuel
July.
Creameries
a42% '
General Electric common...
a42
Glidden
Industrial
common
Rayon
Ohio
Oil
U
Steel
8
44% May
Farmers
Jan
32
Farnsworth
May v
50
39%
Jan
Jan
32%
Jan
20%
Foster
49% May
21%
Feb
:
77
4%
al05%al08%
205
Kleiser
&
Co
273A Apr
18% Apr
28
930
29
29
778
26%
Jan
29% July.
13%
•
^
13%
14%
1,480
10%
Jan
16
Jun
a84%
May
27% Jun
92
Jun %
48
33
Jun./:'
580
143/4 July
15%
Feh
30c
40c
Feb
50
14%
15
1
40c
v
45c
5
510
13
Jan
5
July
8%
300
65%
65%
655
62%
15
100
123/4
Feb
Corp
22 %
common
22%
300
16%
Jan
72%
Jun
Goodyear Tire & Rubber Co com.
50%
50%
252
25%
Jun
"A" cofnmon—v—
70%
71%
384
53%
170
58%
a23Va
70
20
Hancock Oil Co
Holly
Co
85
90
200
75
'
25%
25%
100
15%
Packing
15%
153/4
300
Co
com—
10%
103/4
103/4
100
93/4
4%
43/4
400
33/4
Jan
Lane-Wells
1
49
13%
Jan
New York
Exchange
jCurb Associate
DETROIT
Oil
Oceanic
Telephone: Randolph 5530
.—.
Corp
—
Gas
Elec
&
Indemnity
Week's
for Week
Last
STOCKS-
High
Lota
Baldwin Rubber .1
Burroughs
/Detroit
Detroit
Edison
Detroit
Gray
Iron
Hoskins
Hurd
Lock
Kinsel
1
class
Screw
Abrasive
Corp
Packard
//'■■■
.10
*
—
/:Z* z
Z
River
Raisin
1
Tivoli
1
Udylite
S
B
Warner
...
Wayne
Screw
For
Feb
220
6%
6
3%
4%
200
1%
1,100
27 V*
100
26%
1%
365
1%
4%
3
3%
'/>
330
Jan
1% May
32c
6,003
69c
3
May
/
Mar
Jan
Jan
2% Jan
.
.
Mar
34% May
7%
1%
Union
Oil
1%
Feb
76c
July
3% Feb
3%
Jun
100
13%
Jan
19%
page
492.
233/4 Mar
35
20
7%
3,291
5%
Jan
47%
35
47%
Jun
49% Mar
11%
592
10%
Jan
13% Mar
a
of
30%
17
30%
17%
:Z-
Apr
17c
July
Jan
72
July
17% Mat
11
Jan
21
26%
Jan
Jun
32
July/
'
Jan
32%
Jan
Mar
31%
Jan
30%
31%
31%
785
30%
31%
30%
713
30
110
38
Jan
40
39%
39
Jan
57%
Jun
Jan
45 V*
Jun
39%
48%
40
41
•
1,575
491
17
17
12%
12%
6
July
345
6%
6
15
Jan
7%
Jan
17
Jun
10 % Mar
14%
Jun
40
28
Feb
42 3/4
Jun
al2% al3%
so
12%
Feb
12%
Feb
21%
22%
1,686
20%
Jan
25% Mar
173/4
17%
256
153/4
Jan
28
Mar
Jan
27
Jun
12%
5,064
a41% a41%
■
12%
25
10
a243/8 a243/8
1
/
Jun
530
39%
48%
39%
41
.
May
23%
15% Mar
53
958
31%
Jan
Jan
4c
54
1,068
16
a
10
20% July
200
/V
72
15%
a
a
California
Co
8%
6% May
147
61,500
17c
15c
72
;
625
8
19% a203/a
Feb
20
Feb
1
.'j
50
16%
Mining Stocks—
Alaska Juneau
Gold
Cardinal Gold
Calumet
2c
5c
5c
20,000
1,000
3c
3c
6c
25c
63/4,
lc
1%C
25c
Imperial Development Co Ltd
Zenda Gold Mining Co.———
mi
6%
Gold Mng Co
—10
Mines Co
10c
Mng Co..—„■——
1
6c
R%
Jan
8%
Jun
l%c May
4c
Jun
2%c
Jan
9c
May
10,000
2c
May
5c
1,000
6c
Mar
lie
Feb1
Jun
Jun
2,220
5%
Jan
360
29%
Feb
17
282
13
Jan
*
'
3
3%
3%
7%
33
Jun
May
17% July
Feb
2%
1,000
Jan
3%
2%
Jan
3% July
'
1,057
,
.
Jun
5*1'.,
300
3%
Jan
5%
8%
100
7
Jan
9% May
Unlisted
Jan
Stocks—
...♦
San Corp
<fe Refin Co
American Tel & Tel Co
—
American Viscose Corp—
..
Amer Rad & Stan
—
•
a47%
American Smelt
Mining Co
Anaconda Copper
Armour
A T
&
Co
& S F Ry
(111)——
.100
Apr
5%
2%
Jan
4
4%
100
3%
Jan
5
Feb
Barnsdail
5% Mar
Jun
Bendix
„
-
8%
8V2
700
6%
6%
200
6% July
7
100
43/4
Jan
9% May
Jan
2 %
Works vtc
Co
Corp/——
1%
1%
2,110
6%
400
1%
4% Mar
Mar
6% July
*
Bethlehem Steel Corp
Boeing Airplane Co
Borg-Warner
Corp
5
——5
42%
Jan
Jan
Feb
15% May'
50%
Jun
180 % July
20
50%
Jun
50%
Jun
29%
Jan
36
Jun
300
9
250
6%
a903A a95%
241
77 %
Jan
7%
700
5%
Jan
9%
Jun
45
26%
Jan
30%
Jun
a26% a26%
al87/a al93/8
65
17%
Jan
24%
Feb '
a49% a50
78
9
3
13
——5
5
12
161
a903/4
.100
7% May
7
Oil
Aviation
35
190
505
a32% a33
5
—
Co—
Baldwin Locomotive
10%
al3% al33/a
a47
a473/4
al77%al79%
a47% a473/4
a32%
..50
.
Mar
4%
al77%
„14
Corporation
Aviation
3
200
6%
Products..
85
a 20%
16c
Coal
Air Lines, Inc
200
1
common
a25
,
Feb
28% May
Feb
1
~3%
53% July
24% May1"
7%
*
..
Universal Consol Oil
3%
mil
Jan
jun
Feb
2%
7
v'
Traer
Western
5%
16
8%
...
48 3/4
al93/4
2
Inc.—.;.——5
Jun
400
30
5
& Western Air
Transcon
Jun
23
.
Corp
Corporation
Milling
Taylor
Transamerica
3
<■
see
1%
3
...
footnotes
6%
3-
■
236
'
3%
i
—
common
Aircraft
Jan
16%
—
52%
1
Corp
Oil
1
common
....
Sunray
14
Jan
15%
6%
Z '•
593/4 July
11%
•
•
Apr
1
1
common
Radiator
16%
265
30"
6%
*
Investment
Union
U
Tube
200
16
16
—1
Brewing
20%
3%
."■i'
--
—
Simplicity Pattern
Standard
Jun
9% July
Z
Jan
25%
■
Sheller Mfg
12%
1,000
66c
67c-
4l3/4
47%
6% pfd class A..25
Southern
Truax
•1%
Products...—— —Hi
Paper
Jan
■
Southern Calif Gas
—
Pacific Company——
Standard Oil Co of Calif—.....
4% July
Jan
1%
1%
—
11
Jan
Jan
■
1
25
25
25
9%
Jan
6%
300
27%
.1
/—
..
—...
3%
700
56,284
Co Ltd
18%
preferred class B
5%% pfd class C
Jun
70
Jan
20%
—
1
...
%
-/
7% July
7% Maf
62%
:
13%
13%
Wolverine
Investing
536
25%
—
Jan
34%
.
63/4
*
Aircraft Company
Solar
July1
Apr
6%
50
10%
a
a25
*
^
Jun
a20%
25
class A
Signal Oil & Gas Co
Sinclair Oil Corp
37-
,52%
*
....
9% Mar.
51%
1
Safeway Stores,
Inc
Sierra Trading Corp
'
Jan
29c
6,800
20
Apr
23c
,
671
*
Co
17%
; —:
-
Prudential
725
1%
—50c
Car
Peninsular Metal
8%
1
Parke, Davis & Co../_
Parker
Jan
4%
—_i
——
common
Motor
Jan
65%
2% July
Jan
9%
1
Casting.
Mid-West
1%
5%
4%
1 z
Products
Die
Jun
15%
6%
1
Michigan
Jan
200
4%.
.—10
McClanahan Oil common
7%
2,000
common.
Corp
Aeronautical
Ryan
■'
500
\
Jan
8c
Jun'
3%
6% May
150
.
••
-106
1
———50
Southern Calif Edison
23%
650
9%:
Jun
Jan
;
7
12%
5% May
16%
:
1
^
May
21%
2,708
■Z
I—I*
Mfg
Kresge (S S) common..........
Murray
65 /
8%
—*
B
common—
Drug
Masco
/-
65
2% Feb
18
Jan
8% Jan
200
2%
'
16%
,
,/_ —.1
Products common
Kingston
'
'
16%
%Z
6
23
2%
7
-2%
&
•
1
Mfg
Car
-
22%
22%
/
12% May
44% May
Jan
l%May
14
350 :
10%
1
—
Houdaille-Hershey
6
3
common.
Motor
610
2%
2
...10
!
Valley Brewing—*.
Hudson
700
1
Brewing.
Grand
2'/a
15%
/■" 6
5
—
Stove.,
Motors
Goebel
10%
37% Mar
10%
20 Z
Corp common......
Graham-Paige
273
450
2/v*
Nav common —10
Industries
Wood
General
12%
40%
15%
1
—
common
Detroit-Michigan
Detroit Steel
:
•
Motors
Cleveland
&
:
1
Machine
Adding
Continental
12
40
12%
40
McLaren
Brown,
Gar
i
....
....
Manufacturing
Briggs
Oil
Richfield
Bange Since January 1
Low
High
Shares
of Prices 0
Sale Price
-
1,000
Jan
40%
common
preferred
5%%
1.45
Jun;:.
190
July
593/4
Sales
Range
Friday
Jun ,,s
183
39%
Lighting Ccrp common...
*
Pacific Public Service 1st pfd__:—.—*•■
Pacific Western Oil Corp..
—10
Republic Petroleum Co
Jun
29%
593/4
*
Pacific
Detroit Stock Exchange
v
33
alO%
25
—10
common
Co—
80c
Jan
5,403
7%
55%C 55c
55c
1
Products
Clay
Pacific
13c
33
—1
Jan
19%
10
13c
'
,
45c
461
2.60
7%
Co—
Pacific
Pacific
1
—
Feb
500
185
2.50
2.55
53/a May' 16%
*
263/a
185
-.10
Co
Petroleum
Occidental
65c
1
Corporation Ltd
Northrop Aircraft ...—
al5%
67 %C
253/a
1
Nordon
J. x
Ford Building
Mfg
a 16%
-10c
.
Investment Co—__—
Angeles
Menasco
Chicago Stock Exchange
Detroit Stock Exchange
Co
Aircraft Corp
Lockheed
Los
New York Stock
Petroleum
Lincoln
*
Company
•
/
103/4 July.
Jan
4%
Jun
'17
15% July
1
*
—
Mar
32% May,
'
..10
Preferred
July'/,
95
Jan
III
Hupp Motor Car Corp
Watling, Lerchen & Co.
573/a Mar
71%
Apr
Co
—
;;
»
July
'
Car
Motor
Brothers
Hunt
Members
26%
Jan
Development
Hudson
/
70% May
15% Jun
•
50% July
Jan
Mar
a68 '/a
a23
.>
July
9% July
Jan
15
10
common—
5
V
Apr
Jun
16%
8% July
8%
Paint
Corp
Motors
Jan :
530
Feb
15
475
300
14%
14
•
—
Jan
5
520
520
1
a—2.50
4,900
Apr
25%
71
145
a82% a85%
a287/a a287/a
,
Garrett Corp
General
„
21
4
& Radio
Television
.
Jan
115% May
Jan
20%
...—*
50c
Corp
A$i \
Jutt
53/a
Apr
94
Apr
/89
Mar
4%
100
Gladding, McBean & Co
19% Jan
a66
'
—
70
82
4%
Jun
128
Youngstown Steel Door common
33%
26
a22% a22%
———'
common.
Mar
17
67
Jan
Merchants Nat'l Bank—100
&
General
•
al7
al7
Steel'
Republic
Jan
250
common...
28%
'
1
Inc—
Ltd, class A—
Exeter Oil Co,
May
a26% a26%
Y Central RR common.
N
30
a27% a27%
America,
Products
Electrical
64
a45% a457/a
——
26
•
Douglas Aircraft Co—
Dresser Industries
(new)
25%
'
60
26% May
Feb
Iron..
&
of
37%
160
a28 % a28%
Co
Jan
243/4
Jun
30% May
/
Apr
al06%
*
53% Mar
/Z 25 if:
21
40
.
5
Corporation
Preferred
t'i'*
22%
60
a26% a26%.
.10
Rubber-
&
Jun
278
81
1
j.
Unlisted—
Tire
5%
Jan
May
a30%a31%
*
Consolidated Steel Corp
•
Addressograph-Multigraph
Jun
2 3/4
1% Mar
1.75
Jan
75c
Apr
22%
100
:
Chrysler
Jun
51%
Jan
'J:: V.
Firestone
4%
22%
Col
Aircraft
Cessna
3% Mar /
265
65
a45%a46%
Youngstown Sheet & Tube common...*
25c
200
1
5%
3% Mar
700,
3,300
2%
...
High
Low
'%■
■
2%
Central Investment Corp
53% Mar
July
1
;. v;/■■/
:
19
4
67 %C 70c
a24% a25 %
Colorado
3%
2
Weinberger Drug Stores
*
Western Reserve Inv Corp pfd—1__100
100
OJ CO
CM CO
:
3%
.
.mil
California Packing Corp common..
260
a46
'4
-
Range Since January 1
High
Low
•'
70c
Broadway ,Dept Store Inc. com—.
;
a20% a20%
,,
Jun
39% Mar
315
/.;
22%
16%
25
19
44
a46
;
Shares
-11;
Berkey & Gay Furniture Co..
Bolsa Chica Oil Corp..
v—
2
for Week
Consolidated I.
2
200
•
Bange
of Prices
Par
710
Chemical—2.
&
8
CO
43%
10
*
,
Products, Inc.——
Van Dorn Iron Works.—'..
Refining
4% Jan
314
,
Sales
Week's
Last
Bale Price
STOCKS—
4%
19
Thompson
Warren
7%./
a283A a283A
B
43%
Oil
Jun
Barnhart-Morrow
A_
Bros
Standard
32
OO
Patterson-Sargent
Richman
Jan
Jan
414
4%
—
LeMur
7%
$
Angeles Stock Exchange
11% July
23%
95
a24% a24%
24%
Acme
National
Nestle
Cement.—_
Unlisted Issues
Apr
27%
400
11%
273/4.
11%
10
Sessions
&
Portland
—
Spring Street —LOS ANGELES—TRinity 4121
650 So.
Friday
11%
*
Lamson
Medusa
Listed
Mar
23
33
175
14%
14%
14 '/2
tts*
FACILITIES
_
Member Los
Jun 1
.•
COMPLETEJJNVESTMENT
CO.J
FAIRMAN &
July
Jan
Jun
Mar
Mar
May
35
*
&
20%
20%
.—5
Laughlin
L
570
1,248
23%
24%
93
24%
61
a54% a54%
common.
Island
Kelley
90%
'.90%
14
Jan
Jan
Jan
Jan
Jan
Jan
1._*
common
Steamship
&
Jones
41
a54'/8 a55%
Goodyear Tiro & Rubber common
Halle
12%
20%
19%
80 %
18%
49
50
75
4
Manufacturing
Eaton
14
a21% a21%
,
High
Low
a22% a22%
1
(
Range Since January 1
High
14
*
—;
Clark Controller
M
i;
*
Fuel
&
ce
low
5
IAmerican Coach & Body-,
York
Sales
Last
a26%
'
7%
—
a78%
—
403/a
Jan
10% July
Apr
98
143
68%
Jan
80 % May
a77% a79%
125
173/4
Jan
27%
Jun
24%
40%
241
39%
Apr
42%
Jun
23%
40%
r
Monday, July
CHRONICLE
THE COMMERCIAL & FINANCIAL
'486
30t 194s
OTHER STOCK EXCHANGES
FOR WEEK
RANGE
Friday
Last
Sale Price
STOCKS—
Co
Torrington
Drill
Twist
Union
United
Drug
Inc
Fruit
Co
•
25
Jun
35
of Price*
Share*
Low
*
Co
4
Ward
common—•
—
common
Co
&
.
106 %
July
60%
76%
54%
550
80% May
85
51%
Jan
61%
Jun
North
Min common—50
59%
59%
66
59% July
69%
Standard
2
10
20
36
75%
73% July
—-*
12 &
15
15
15%
30
31%
31%
32%
829
Waldorf
System Inc
Westinghouse Electric Corp
137
Feb
130
5
137
137
13%
July
16% Mar
Jan
38
31% July
May
Car
American
Illinois
Northern
Co.—100
common—
Northwest'
com
Corp
Bancorp
common
Utilities—
•
—
*
•
common
1%
26
100
common
$3,400
136% 137%
1956
137% July
118% Feb
100
400
15 Va Mar
39
100
36 Va
Jan
July
41
100
17%
Jan
Apr
49
Apr
12%
26%
50
11% May
23% Jan
16
10
21%
150
18 % Mar
700
33%
Jan
40 V*
100
35
Jan
42
37
Sales
Week's
Friday
Last
Range
for Week
of Prices
Share*
Common
High
Lot*
12
common
Ball
Chalmers
*
common
Service
American Tel & Tel Co
pfd
Invest
Associates
Co
Washer
8%
17%
2%
100
2%
Feb
Jan
Jan
124
20
.
Feb
11%
Jan
19%
Apr
49% May
135
Feb
100
158%
Jan
180% July
1,300
179
47
16%
39 V*
50
46%
129
8%
common
6%
Jan
500
3
47 V*
1%
Jan
10% July
3% May
200
9%
44%
Jan
49
Jun
It
Aviation Corp (Delaware)
8%
8%
900
7%
Jan
9%
4%
4%
5%
650
3
Jan
6% May
_3
common
8%
~3
Athey Truss Wheel capital
Automatic
Jun
10%
Jan
8%
179
—
-X
Asbestos Mfg Co common
7%
150
46%
-5
Armour & Co common
550
129
100
capital
8%
9
17%
17%
*
100
Mfg'Co
Public
American
15 % May
Jan
8%
Bearing common
Allied Laboratories
All is
10V*
7,350 '
12%
•
87/a
8%
Advanced Alum Castings
Aetna
12
Barlow &
7%
7%
7%
2,100
5%
Jan
9'A
Seelig class A
common
5
-
Feb
Jun
Mfg Co
19%
Mfg
Bruce
Co
Corp
_i
19%
Jan
34
Jun
16%
Jan
21 %
Jun
1
Ring common
11
1,000
1
July
49%
100
48 V*
Jan
55
Feb
11%
12
700
10% Mar
13
Pub
Serv
$6
8
106'A
I
8%
50
8
lien
Jan
10
Apr
Apr
39%
Jun
6%
Jan
8% July
19% May
17%
500
2,080
99%
Jan
%
Jan
July
2% Apr
J»n
5
Jun
Jan
131
141
July
Apr
2
2
450
3%
3%
4
4,700
*
121%
121% 121%
137%
137% 141
13% Jan
120
30
470
82%
Jan
120
8%
Jan
110
*
States
Central
Pr & Lt
preference
♦
15%
Belt Co
;*
common
Cherry Burrell Corp common
Chicago Corp common
Convertible preferred
14%
1
•
Chicago Ss North Western Ry—
V t c for 5% preferred
Chicago Towel Co com capital
Chrysler Corp common
Club
Aluminum
Uten
Co
23
__
5
15%
23
19
7%
7%
54V2
54%
200
19%
Signode Steel Strap—
(new)
Common
,.
'
,*
'
*
.
——I
*
8%
8,000
58%
—.——.2
Spiegel Inc common—J
St Louis Nat Stockyards
Standard
Dredge
of
Oil
Standard
capital-
(The)
gColeman
Co
Inc
70
5
Swift
Co
A
Consumers
Common
I
.
■
Line
United
Air
United
£ight & Rys
f'""-"
part
Common
Crane
part shs vtc class B
Co
pfd
20 Va
w
Wieboldt
Stores Inc
Cumulative
Zenith
53 Va
Jan
61
May
54% Jan
50
76%
Jun
63
Jan
74
93%
Jan
116
May
3%
Jan
6% Jun
3%
1,300
23%
31%
22 "A
14%
32
;
17% May
<
June
'
5'A Mar
1'
42%
Jan f
Jan
39%
25
Jun
450
17
Apr
July
1
850
14
Apr
16%
Feb
<
2,800
31
Apr
34%
Feb
>
300
17
Jan
23%
Jun
1
90
36%
Jan
45
Jun
23%
200
43%
Jun
100
14% Mar
18%
Jun
67
800
59%
Jan
72
Jun
7%
Jan
10% Mar
31'A Mar
34% May
37% May
66%
9%
10%
3,300
31%
31%
.
—
31%
*
--
102%
32
32%
300
20% 20%
102% 102%
Jan
31% July
1,500
14%
100
11%
6,650
14%
850
8%
35%
50
—
8%
35%
13
32
32
92 V*
92 V*
92 V*
6%
6%
13%
13
14
Jan
102% July
10
-
13%
12%
*
8%
21 %
•
Jun
103% Mar
14% July
Jan
com.. .100
& Santa Fe Ry
Curtiss-Wright
42%
—•
Co
Electric
Interlaid Iron Corp common—
Martin
42
4,200
650
43%
43%
50
21
21
50
Feb
20%
Jun
Radio Corp
11
11
100
10
Mar
*11%
Jan
13%
400
11%
33'A
1,400
29'A
Jan
36%
100
76%
Jan
100%
Jun
6%
600
5%
Jan
7%
Jun
42
42%
800
38
Jan
44%
Jun
10
100
9
Mar
11%
Jun
July
15% May
Jan
26V*
18%
23 %
Jan
28% July
17%
1,700
15%
Jan
22% May
25%
26%,
1,700
22
Jan
32% Jun
26V*
31%
31%
100
26
Jan
100
'
July
Jan
31% July
Paramount Pictures Inc
30%
30V*
30%
700
28
Jan
34%
7% Jan
12 V* May
Pure Oil Co
18%
18%
19%
650
.17
Jan
21
rl
Jan
17%
44
Jun
(The)
common.
July
12%
12%
12%
2,100
10V« Jan
13%
Jun
22
22%
900
19% Jan
26
Jun
59%
108 %
Apr
Apr
15 Va
59%
61%
400
56%
Jan
23V*
23%
300
18%
Jan
65% May
29% May
Jan
17
17
17%
400
15
Jan
18%
Feb
5
21%
21%
300
18 V8
Jan
1
4%
4%
600
24% May
5% Mar
18 Va
18%
1,300
13% Mar
21 %
Jun
36%
36%
100
35 V*
Jan
40%
Feb
15
15
Feb
..25
J
of N
Oil
16% May
15% July
Jun
Mar
22%
of America common~~
37% Jun
Standard
Jun
18
28%
36
Feb
35
26
Republic Steel Corp common—
18%
Jan
100
*
capital—
11%
17
July
9%
Jan
...8
.—1
(Glen L) Co common
Corp
Nash-Kelvinator
17
400
13
8% Mar
7%
10
•
.50
Copper Mining
31%
Jan
*
common
Corp
Industries Inc class A
Watch
&
Co
105% 106
18%
-
Co
..15
Connell Dredge
150
104
of
Four-Wheel
America
Drive
Inc
Auto
—10
Motors
Safety
Corp
10
15%
200
8% July
13% Jan
26
•
100
26
...1
Cincinnati Stock
7%
600
7%
65%
65%
Last
34%
Apr
9 Va
STOCKS—
Feb
Brew Co
66 Va
500
62
Jan
*
70% May
common
15
15
15%
700
13% Mar
•
17% Jun
20%
20%
21%
600
18%
22
10
11%
11%
11%
200
11%
Apr
13% Mar
16%
16%
300
13%
Apr
56
56
100
48
Jan
17% July
57% Mar
37%
37%
20%
21
25%
common
G
,
cap
i
Hibb Spencer Bartlett common..
23
Feb
American
Laundry
Baldwin
&
Co
(Geo)
common
A
___*
Houdaille Hershey class B
Hubbell Harvey Inc common
5
Hupp Motors
37%
1
*
(new)
common
25%
4%
10
,
in
12%
Pneum
Tool
vtc
40
Jan
300
17
Jan
23
May
25%
100
24
Jan
27%
Jun
5
300
Jan
5%
13
250
33%
200
Interstate
Power
$6
26
3%
7%
20
Jan
12% July
Jan
41%
26 Va
500
7%
7%
100
6%
Jan
*
Crank
Ken-Rad
Tube
&
Kentucky Util jr
LaSalle Ext Univ
&
Co
Lamp
cum
30%
30%
20
12 %
Jan
39
9%
9%
200
6%
Jan
10%
Jun
9V4
9%
1,650
7Va
Jan
11%
32%
33%
500
28% Mar
34%
54%
54%
20
52%
56
cumulative
A
.50
0
.1111—7
Co
100
108%
50
Cincinnati Telephone
Cincinnati
Crystal
Union
Tissue
Yards
*
Mickelberry's Food Prod
West
&
Corp
Hart
Inc
capital
26
Apr
29
"
common
see
vtc
44
8%
492.
Feb
July
12 Va*
85%
86
11
11%
12% Jun
Jan
4
Jun
109%
Jun
14
Feb
July
2% Mar
8%
57
10
10
107%
15
75
Jan
Jan
78% Mar
86 %
11
July
16
8% May
109
11
Feb
Jun
Jan
10
16 Va
16 Va
16%
70
13%
Jan
*
43%
43%
43%
25
40
Jan
46
Apr
48%
48%
50
45
Mar
50
Jun
12
A
12
50
11 Va
Jun
13%
Jan
107
367/a
Jan
*
8% Mar
Kroger
;
«
42%
8%
100
Feb
4% Mar
20
37%
Jan
900
7%
Jan
8%
45
9%
43%
Apr
Jun
Apr
Randall
class
B
;
Rapid
U
U
Playing Cord
S Printing
21
3%
Feb
25
26
26
40
23 V*
Jan
27
Mar
50
50
40
43
Jan
50
14 V*
Jan
20
Jun
May
43
Jan
50
Jun
5%
10
30
13% Mar
18%
Jun
43%
43%
50
34%
Jan
44
*
18%
18%
49
49
11
19%
21
302
19%
50
Jun
24%
1,800
18%
Jan
26
Jun
City
Columbia
July
11
11%; 1
450
8%
Apr
14%
Jan
14%
15%
1,500
10%
Jan
15%
3%
550
41/2
Feb
Rolling Mill...
Service
Ice
General
Jan
Jan
5% J«iy
...
19%
8
UnlistedAmerican
&
25
19%
•
Fuel
*
21%
Jun
2%
5%
~
:
Preferred
25 V* Mar
12
Jun
Jun
404
Apr
50
100
15%
62%
10 Va
33
59%
*
•
S
600
14
Jan
55 Va Mar
15%
58 Va
Jun
May
16%
14
44'A May
15%
24%
15
42%
58%
Procter & Gambie.
30
3%
I_io
page
19
19%
Feb
Cities
—
II
|
$1 prior preferred
footnotes
*
•
com
62
10
85%
'
—*
—...
...1
class
16%
cumul pfd
100
12
50
Stock
Gibson Art
30
common
McCord Rad & Mfg $2%
Marshall Field common
For
~8%
7
44
*
pfd
common.
-
7
Printing Co $3% pfd
Material
Middle
~9%
common
Libby McNeil & Libby
Lincoln
com
10
3%
36%
Jan
Jun
1
pfd
11%
3%
Jan
10
27
108% 109%
32 Va
150
19
11%
_5
Cincinnati Gas & Electric pfd
Meteor
Katz Drug Co common.—.—
Kellogg Switchboard common
36
Jun
1
preferred
35%
1
High
Low
Jan
12%
*
new..
common
Range Since January
High
19
*
—
Ball
Cincinnati
Hobart
Indiana Steel Products
Shares
Jun
37% May
33%
100
35%
8
Eagle-Picher
Illinois Brick Co rapitni
Illinois Central RR common
for Week
LbtS
20
Machine
—
Cincinnati Street
Hormel
Sales
Range
of Prices
;
Jun
Par
6%
Churngold
Harnischfeger Corp
Heileman
Sale Price
Exchange
Week'*
Friday
18% May
July
com
Dk
&
11
400
26
—
1
common
Razor
Lakes Dr
150
8%
8%
—1%
General Finance Corp common
Gillette
Apr
15
—5
(Peter) Brewing common
General
4
&
common
Mills
Miller
600
38'A
17%
2
11%
12 V*
Dock
Line
4%
31V*
7'
Apr'
37%
17"%
—
common
May
100
700
5%
150
Simons
Leath
26V*
Feb
14
National
Indep
12% Mar
120
!
17% Mar
Unlisted Stocks-
9%
14
cum
Electric Household Util Corp
Great
400
39
Mar
42 %
—
capital—.—5
Radio Corp common.
*
Apr
14
Domestic
Fox
15%
15
.4
Machine
Yates-American
20 Va
106
Doehler-Jarvis
Flour
14%
37%
4%
36 V*
67
Woodall*Industries common
Studebaker Corp common
Fitz
J
July
42%
preferred—!—.—*-
Bankshares
Wisconsin
16
'•
common—
prior
Apr
22
42%
*
'
14%
21%
r—1
•
1,250
1,400
-
Walgreen Co common
*
Westinghouse El & Mfg com (new) 12%
Atch Topeka
100
Dodge Mfg Corp
Elgin
;
I
25% May
7% July
22
*
Utah Radio Products common.
r- f.:7 Tsi;?'
~
i"
Jan
15%
.31%
5
17
'
Apr
22% Jun
5%
15%
22
14
14
-i—
U S Steel common
Anaconda
(Alf) & Cohn Inc common...10
Decker
36%
—
;
Transp cap:
30%
25
common
Cudahy Packing Co 1%
-
'"/'r
•
•
11%.
43%
50
Jan
5%
7
50
16
•
—
CP (The) common
25
208 South La Salle Street Corp com—*
*
partic pfd
sh. vtc A
37%
Trane
*
vtc
Co
18% Jan
.
—
25
capital
17
1
300
% Jun ;i
46%
July
15%
—
common
30%
25
common
23%
7%
300
89
"
-
.—2
25
capital
Indiana
class
Co
&
Jan
7%
600
107% 107%
__5
Commonwealth Edison common
23%
7%
*
•
common
New York Central RR
Consolidated Biscuit
18
—
*
Bundstrand Machine Tool common—-5
Stein
Jan
16
650
67%
70
70
*
18
10°
t
*
• j
.
Sinclair Oil Corp
27% Mar
21% Mar
150
65%
5
com
31%
4%
30'A July
7;
4% Jan
May
July
4% July
76 3A Apr
18
—
General
100
Jan
.70
30'A
4%
—
capita)
Cummins
American Radiator & St 8an com.Chain
2%
Jan
17%
2
preferred
Preferred
7%
105% 108 V*
50o
common
Central S W Util common
Feb
32%
;
100
—•
Corp
A July
150
39%
8
17%
•
pfd
8%
39%
10
Brothers
111 Secur
8
— -
1
Jun
Si
11%
5
common
Central Illinois
Prior
Apr
26
250
49%
.IE'
common..
capital
Co
(E L)
Piston
Cent
16
100
19%
— ~
Binks
Butler
50
30
■
Aviation
Berghoff Brewing Corp.—
Burd
18%
19
«...
.10
common
Rights
Bendix
18%
29%
18%
Bastian-Blessing Co common
100
3%
Jan
370
—
1
a.
Belden
.
98
86 %
,85
30%
Corp class B common——.1
Schwitzer
Serrick
Corp
30
Rang* Sine* January 1
High
Low
Admiral
(new)
3%
85
10
5
50c
preferred
101
21%
3%
•
common
Raytheon Mfg Co 6%
Sale Price
STOCKS—
Packing
8% Mar
108
Jun
21% July
1,000
,42
Rath
Jan
6%
101
36
Quaker Oats Co common
Chicago Stock Exchange
15% Feb
4%
6%
42
*
*
common
58% Jun
Jan
—
--
:
Co
(The)
Jan
12%
13%
36%
Corp
43
13%
50
(The)
Circle
Feb
26% Jun
—
*
...
capital
RR
Perfect
15% May
100
101
21%
Process
13% Mar
850
54
54
—
Peabody Coal Co class B com—
8
6 %
preferred
—
........100
Penn Elec Switch class A
10
Pennsylvania
Feb
4'A Jun
65% July
Jan
14%
Bonds-
& Tel'conv 3s
40
^
preferred
Omnibus Corp
"
38
40
18%
12%
26
—
Western
North
48%
,
Higk
3L, .J,an
2% Mar
36
40
18
Jun
& Massachusetts Ry
American Tel
300
61 A
V
14%
14%
1
National Cylinder Gas common—
National Pressure Cooker common
L°W
50
100
14
'
Range Since January I
High
36
36
—
*
common
Montgomery
52%
common
U S Smelting Ref &
for Week
21% May
Jan
Mar
90
Mfg
Monroe Chemical
Jan
15%
Modlne
National
U 8 Rubber
Vermont
55
618
Jun
10
Shoe Mach
United
104 Va
75%
17%
103% 105%
6
United
32
41%
July
30
175
30
30
35 V*
420
16%
5
...
Sale*
Range
Par
High
Low
37
Week'*
Last
Sale Price
STOCKS—
Rang* Sinee January 1
Share*
High
35%
9
—
-
Friday
•"v;",'
for Week
Range
tf Prices
Lot*
Par
ENDING JULY 27
Sales
Week's
14% May
Pure
21%
15%
19
19
27
20%
8Vb July
Jan
70% May
25
18%
Jun
25
28 Va
Jan
7%
7%
50
10
65%
66%
60
18%
18%
35
35
_
Brands
18%
Jun,,
23 % Jail
Jan
T*
Oil
Jan
22% July
24
62 Va
Gas
Motors
Standard
Jan
May
4
/'
20%
371/2
Jun
Jun
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4107
162
Volume
487
OTHER STOCK EXCHANGES
RANGE FOB WEEK ENDING JULY 27
Cleveland Stock
Friday
Exchange
STOCKS—
.
Shares
Par
Manufacturing
F)
(B
Goodrich
——*
Goodyear Tire & Rubber common
High
Jan
20%
14
Jan
23%
Jan
41
19"%
Jan
24%
80%
Jan
93
1,248
Jun
Jan
Jan
61
exchange
24% Mar
49
I ""listed—Unlisted Issues
May
a54% a54%
50
53%
Jan
63%
Jun
a50% a50%
•
Member Los Angeles Stock
Mar
18%
35
COMPLETEJINVESTMENT
FAIRMAN & CO.)
July
570
90% 90%
20% 21%
a54% a55%
20%
—4
,
common
75
12%
•
11-5
common
Co., New York
(
_
Low
50
a22% a22%
a2iy4 a21%
; -III I
—
Cleveland Cliffs Iron preferred
Eaton
14
Range Since January 1
High
it
City ce & Fuel
Clark Controller
Cliffs Corp
Lou>
14
—5
Coach & Body
American
&
for Week
of Prices
Direct Private Wire to Allen
Sales
Range
Sale Price
.
Week's
Last
50
49% Mar
57%
Feb
16%
Jan
23
33
Jan
39%
Apr
27%
Jan
39
Jun
17%
Jun
650 So.
Spring Street—LOS ANGELES—TRinity 4121
I
Brothers
Halle
5
common
Steamship
•
Laughlin—L_
Island L & T_
&
Kelley
Medusa
37%
150
a33% a34%
14% 14%
14%
10
Sessions—..
Portland Cement-
46
37
%
*
&
Lamson
36
21%
36%
*
Interlake
Jones
21%
11%
11%
*
27%
7%
Paving Brick common..''
Metropolitan
175
11%
13 % Mar
400
27%
7%
Jan
Jan
32
.*•
Los
Angeles Stock Exchange
Week's
Friday
11% July
23%
95
7%
Mar
314
4%
Jan
8
Jun
200
20%
Jan
27
Jun
Bandlnl
Range
for Week
Bale Price
STOCKS—
of Prices
Shares
Par
National
Acme
Tile
National
Ohio
class
LeMur
Nestle
24%
4%
class
Brass
a24 % a24%
Petroleum
Co
B__.
4%
710:,
2
Jan
5%
Jun
Barnhart-Morrow Consolidated
8%
200
7%
Feb
10%
Feb
Berkey & Gay Furniture Co
Bolsa Chica Oil Corp
Broadway Dept Store Inc com—
2
22%
19
19
44
315
Jan
16%
25
43%
43%
Jan
31
Jun
22
Jun
48%
39% Mar
Standard
Oil
Ohio—
of
—10
a20% a20%
Products, Inc.-—_i——.—*
Thompson
Works—
Iron
Dorn
a46
*
260
a46
23
23%
20% July
86
23
45
100
Apr
53% Mar
July
18%
24%
Jan
Byron
Jackson
Feb
3%
-
3%
100
2%
3% Mar
Feb
19
19
265
14
Mar
23
Jun
140
140
1
130
Apr
140
July
ID
Weinberger
a45% a46 %
65
39%
51%
Jan
Packing Corp
Central Investment Corp
Cessna
Aircraft
Co
10
a267/a a26%
60
a55% a55%
.
.
10
25
a42
a42 % '
% a28%
a28
Central RR
common
Fuel
Creameries
26
30
128% Jan
33%
70
77
82
4%
4%
100
al05%al08%
205
a27% a27 %
21
Jan
26% May
50
Mar
4% Apr
94
Jan
.Apr
89
Jun
27%
Apr
20%
21
930
18%
9Q
778
26%
Apr
Jan
29%
July :
13%
14%
1,480
107/8
Jan
16
Jun '•
a82% a85%
145
a28% a28%
Inc
48
13%
Industries
a84%
-
(new)
50c
Products
Corp
class A
Ltd,
4
14%
15
1
160
37%
Jan
44% May
60
25%
Jan
32
39%
Jan
49% May
a26% a26%
250
21%
Jan
32%
al7
al7
May
Jan
Farmers
40c
45c
Merchants Nat'l Bank—100
&
Farnsworth
Foster
Television
Kleiser
&
&
Radio
580
4,900
14
5
Garrett Corp
General
520
520
1
—2.50
Co
71
25%
Jan
May
92
Jan
Jun
33
J"utt7
27%
14% July
15%
Feb ;
40c
Feb
Jan
15
510
475
5
13
Jan
5
July
8%
300
655
Feb
Feb
128
19%
Jan
26
Jun
a66
a68 %
170
58%
Jan
72%
Jun
Goodyear Tire & Rubber Co
*
a23
a23 %
70
Mar
25%
65%
*
15
15
100
12%
5
22%
22%
300
16%
17
Mar
50%
252
50% July
10
com
Jan
July
57% Mar ;
Oil Co
Hunt
"A"
Development
Hudson
Motor
Brothers
Preferred
•
Packing Co
Lane-Wells
Lincoln
384
53%
Jan
90
200
75
Apr
95
25%
25%
100
15%
Jan
32y4 May
300
15% July
9% Jan
15%
15%
——10
*
10%
10%
10%
100
1
4%
4%
4%
400
3%
49
13%
com
—.—
Hupp Motor Car Corp
Watling, Lerchen & Co.
71%
85
•
—
Co
70%
1
common
Co
Car
Company
Petroleum
Co_
.
Mar"
17
Jun-
10% July
Jan
Jan
Detroit Stock Exchange
Ford
York
New
Stock Exchange
Curb
Menasco
Associate
Nordon
Chicago Stock Exchange
16%
Feb
65c
67%C
500
45c
Jan
80c
Jun
26%
461
197/a
Jan
29 y4
Jun
Occidental
Randolph 5530...
Ltd
—.
Petroleum
Oil
Oceanic
Telephone:
Aircraft
10 >.
185
185
7%
Corp
Pacific
Clay
Gas
Indemnity
5,403
183
JunI;
190
July
13c
1,000
7%
150
500
%C 55c
6,800
alO% al07/a
1.45
8c
Jan
•
3% Jul*
Jan
23c
6% May
2<1
Jan
37
29c
Apr
75c
July; v"
July-
6%
Jun
Jan
11
39%
40%
671
34 y2
Jan
41%
10
59%
59%
106
51%
Jan
59% July
52%
52%
236
48%
Jan
*
common
Co.
*
Apr
9% Mar
25
Products
Elec
55
55C
2.60
33
33
1
.
1
Pacific
&
13c
1
Co
Pacific
2.50
2.55
—
.
;v
J
1
»
Corporation
Northrop
DETROIT
Building
Mfg Co
f
MayJ'f
5%
Members
•
1
71% July
25%
10c
—1
10
—
:•
al5% al5%
1
Co
Lockheed Aircraft Corp
Los Angeles Investment
„
liv/,!
vs.;
.
Hancock
■,
26 y8
'
i20
Jul#
9% July
70 y8 May a
15% Jun'-
Jan
50%
62 %
Jun
67
Apr
"16 % Jun '
Feb
*
Corp common—
Paint Corp
common—.
Gladding, McBean & Co
530
8% July
65%
•
20%
a22% a22 %
•'
York
-
A
.1.
30c
300
14%
8%
Motors
•
New
f
5% Jatf'
115% May
28Apr*
9Q
America,
Exeter Oil Co,
50
—
common
X
24% Feb
81
a 106%
Iron-
&
of
Electrical
May
Holly
.■
Jun
40
Consolidated Steel Corp
Preferred
30% May
a45% a45%
it
Steel
Steel
1'
5%
278
l
5
Jun
2% May
Jan
22%
Zioo
Corporation
64
22% Apr
53% Mar
#
common
common--
Youngstown Steel Door common. 111
■
1.75
Jan
*
a30% a31%
—
General
S
22%
75c
Apr
1% Mar
Jun
*
—X
Industrial Rayon
U
2,250
25c
'
•
General Electric common.'.....-.
Republic
,4%
5%
C?
^ddressograph-Multigraph
Firestone Tire & Rubber—
Oil
200
High
3% Mar
a24% a25 %
*
-
Chrysler
Dresser
Y
3,300
2%
4%
4%
22%
Douglas Aircraft Co
Ohio
67 %C 70c
*
Unlisted-
N
700
2%
.1
Co
Colorado
Refining & Chemical—2
Drug Stores
—*
Western Reserve Inv Corp pfd——100
Youngstown Sheet & Tube common—*
Warren
Low
\
4
Jun
California
Van
70c
Range Slnee January 1
High
3%
.1
a28% a28%
Bros
4
.1\:
8%
A.
Low
.1
4%
Patterson-Sargent
Richman
•*:
Sales
Last
Jun
50
Jun
.
:
Pacific
Pacific
Exchange
Week's
Last
Range
Shares
Friday
Low
Baldwin
Briggs
Rubber
Brown, McLaren
Burroughs Adding
Corp
—
High
12%
12
12%
273
10%
Jan
12% May
40
40
40%
450
37% Mar
44% May
2% Feb
1
2
700
2 Va
-
*
15%
15%
610
1
10%
10%
350
85
a20% a20%
.10
23% Mar
35
a25
a25
pfd——
20
20
Feb
common
6%
7%
Jan
47%
3,291
35
5%
47%
47%
Jun'
49% Matf X
11%
11%
592
10 %
Jan
13% Mar
'
«
Motors
1% May
14
Jan
18
Jan
12%
May
Oil Corp
Aeronautical
•
common
Ryan
Co
III
Safeway Stores, Inc
Sierra Trading Corp
7%
._*
,
15c
16c
is
Oil & Gas Co class A
Sinclair Oil Corp
625
17c
6% May
147
8
al9% a20%
al9%
.25
Signal
8%
Jun
Solar
20% July
61,500
72
72
200
15%
—
16
1,068
4c
54
10
Detroit
&
Edison
Detroit
Gray
Cleveland Nav
common
6
10
20
common
Iron
22%
2%
2
Gar
Wood
General
Corp common—
3
Industries,--—
Motors
Goebel
—
Hoskins Mfg
Hudson
Motor
Screw
Corp
Parke, Davis
Parker
1%
Jan
1,000
23%
17c
Julv
Jan
72
July
15% Mar
200
16%
265
15%
6%
220
6
4%
4%
200
3%
Jan
Jan
34% May
Jan
1%
1,100
1% May
27%
100
26% Map
r
1
365
1%
6,003
69c
66c
1%
32c
Jan
Jan
1%
Milling
Taylor
Transamerica
Traer
Union
Oil
1%
76c
Feb
July
330
2%
Jan
3%
Feb
3%
400
2%
Feb
3%
Jun
16
100
13%
Jan
19%
2,220
5%
Jan
7%
360
29%
Feb
6%
30
30
16%
17
1,000
3
3.
1,057
3%
3%
5
282
"
300
5
13
2%
2%
3%
Jan
Jan
Jan
Jan
33
Jun
May
5%
Jun
&
200
Jan
4
4%
4%
100
3%
8%
8%
700
5% Mar
Warner
Wayne
Aircraft
Screw
common
Products
_1
7% Jan
'($ 117 ;
14 y2
r,
Jun
10 y« Mar
Jun
12%
5,064
40
28
Feb
42%
Jun
80
12%
Fep
12%
Feb
22%
1,686
20%
Jan
17%
17%
256
15%
Jan
28
-
f
Mar
&24%a24%
50
16% Jan
27
Jun
25% Mar
6%
—
6%
.
100
«V4
Jan
8% Jun
lc
2c
5c
5c
20,000
1,000
3c
3c
10,000
2c
May
5C
6c
6o
1,000
6c
Mar
lie
1%C
6%
7
4
6%
1
Jan
5
10%
%
6%
,
.
al3% al3%
•
:
*
100
14
Copper Mining Co
Co (III)
l%c May
4c
2%c Jan
9c
Jun
May T
Feb
^
35
12
Jan
15 V4
Corporation
May
a47%
190
177 y8 a 179%
505
20
50%
Jun
a32% a33
300
29%
Jan
36
9
250
6%
Jan
10% July
98
a47
a
a32%
5
9.
—
100
—3
13
5
5
a90% a95%
42%
161
Jan
Feb
50 V4
Jun
180% July
50%
■■
-■
Jun
',*!. • X'l•.1 * V-,
,
-
'
-
Jun
a26%
241
77 %
Jan
7%
700
5%
Jan
9%
a26% a26%
a90%
45
26 V2
Jan
30 y2
Jun -'
65
17%
Jan
24%
Feb-
7%
Apr ;
Jun
-
-
Mar
Locomotive Works vtc
Barnsdall
Oil Co
Bendix Aviation Corp.
Feb
Jun
a
*—
—
18% al9%
a49y8 a50
j.
t'
78
7% May
200
6% July
4%
Jan
9% May
Bethlehem Steel Corp
*
2,110
1%
Jan
2% Mar
Boeing Airplane Co
4% Mar
6% July
Borg-Warner
5
5
400
Jun :
a47% a47%
a47%
al77%
50
100
6%
1
Corp
Baldwin
7
1%
2%
Jan
Viscose
S F Ry Co
3
._*
Jan
4'•:<}
3
!
July
15
25c
Corp
Co
Anaconda
1
common
6
345
Jun
Stocks—
3% July
Aviation
Investment
491
1
25c
Co
American
A T &
Radiator.
Mng
Tel & Tel Co
5%
S
Jun'
:
21%
10c
1
Co_
American
9 % May
U
Mines
17% July
3% Feb
Apr
Union
12%
1
Inc.—
Smelt & Refin
Jan
3%
Gold
Unlisted
100
i
Jun
45%
.10
Co——
American
Armour
1
Oil
Amer Rad & Stan San
200
common
57%
Jun
7
16
3%
Brewing
401;
Jan
Jan
.25
California
Imperial Development Co Ltd
Zenda Gold Mining Co
8%
Ddylite
of
Gold
Cardinal
3%
Tivoli
Jan
39 y8
a41% a41%
a
Mining StocksJuneau Gold Mng Co——10
8%
common
J/4
'
•
39
530
1,575
6%
17
38
Jun
July
al2% al3V8
—5
Air Lines,
Calumet
1
B
48%
41
110
39%
12
12%
Alaska
1
Tube
Jan
30
:
1
Jan
31%
30%
6
Coal
Consol
Universal
Simplicity
Standard
32%
785
713
39%
—
Air Inc.
Jan
Mar
31%
30%
17
—2
& Western
Transcon
Sheller Mfg
Pattern
Corp
32 '
40
-1
Corporation—
21
Jan
48%
39%
41
—
—
Jan
26%
Feb
28% May
3
*
*
Corp——
A__25
r_„.
i
CompanyCalif
of
Co
11
Feb
3%
6%
Oil
Oil
Sunray
Western
5%
3
16
Pacific
Southern
"
:v/.-'.'-I1
53
958
31%
7% Jun
1%
1
Paper
Feb
May
27%
1%
pfd[ class
Southern Calif Gas 6%
i
17% Mar
31 %
30%
.25
Apr
Jan
Jun
20%
1
1
1%
Mar
25%
"
i
& Co__—
4% July
9% July
23
6%
*
.
14
20%
10
Car
31%
30%
Apr
12% Jan
25%
67c
.25
preferred class B
pfd class C
Truax
1
1
Wolverine
Raisin
300
13%
50c
Peninsular Metal Products
Prudential Investing _T
River
56,284
Jan
13%
——i
Jun
9% Jun
Jan
5%
1
common
Motor
3%
1%
1
30%
5% %
70
Jan
10
—
Packard
700
6%
4%-
62%
1
Products
6%
Jun
17%
7% Mar
725
536
*
-
McClanahan Oil common——
Michigan Die Casting
Mid-West Abrasive
Murray
Jan
8%
'1%
9%
Jan
——*
common
Mfg
Kingston Products commonKinsel Drug I
Kresge (S S) common——
Masco
4%;
Jan
2% July
7% July
Jan
65%
65
1
———1
B__!
class
Car
&
65
1%
5%
15%
.25
Standard
8%
,
Jan
200
16%
7%
23 %
5% May
21%
650
2,000
7
•
4%
9%
1
—
—
Houdaille-Hershey
-
2%
Brewing
<£
Graham-Paige common
Grand Valley Brewing—
Kurd Lock
10
—
7
200
2,708
2%
16%
1
Detroit Steel
2%
16%
5
Detroit-Michigan Stove
6
23
6
22%
-1
„
May
al7%
al7
Company
Calif Edison Co Ltd
Aircraft
Southern
Detroit
Jab
8%
f
Continental
if; Feb
1
.50
Co
preferred
Richfield
Range Slnee January 1
Low
High
*
Machine
Oil
1st
53% July
24% May -.!
i
l
Manufacturing
Service
Petroleum
5%%
for Week
of Prices
Western
Republic
common.
Sales
Sale Price
STOCKS—
Public
Pacific
Detroit Stock
Lighting Corp
Corp
a77% a79%
a78%
;
-
,40%
-68%
Jan
80 y4 May
23%
24%
125"
17%
Jan
27%
Jun
40%
40%
241
39%
Apr
42%
Jun
143
r
COMMERCIAL & FINANCIAL CHRONICLE
THE
483'
Monday, July 30, 1945
OTHER STOCK EXCHANGES
FOR WEEK
RANGE
Last
STOCKS
for Week
|
Sale*
Range
for Week
of Prices
Shares
Low
VUW/Yii-*
Shares
of Prices
Sale Price
Par
Week's
Last
Sale Price
Sales
Range
Friday
JULY 27
ENDING
Friday
Week's
STOCKS—
Range Since January 1
High
•
Low
High
Low
Par
'
„25
Railway Co—
Pacific
Canadian
15%
Electric
Gas &
Columbia
Commonwealth & Southern
Aircraft
Vultee
Cons
7%
Corp.
Continental
Co
Oil
(Del)
48 Va
Jan
66
Jun
745
4V«
Jan
10%
1,760
171
a29%
18
100
9
July
1%
U Feb
130-
a29% a30%
8-
-
Philco
Jun
25 Vs
12 V4
Mar
Apr
34% Mar
Jan
33%
Reading
Zellerbach
Curtiss-Wright Corp
Class
385
Share
Bond &
Company
Electric Power & Light CorjJr
25
Mar
5%
7%
Jan
common
130
19 V«
Jan
22 Vs
50
9%
Jan
Jun
10%
11%
390
4Vs
Jan
42 %
471
38 Va
Jan
44
45
45
135
40% Mar
$3
Corp
Poods
Corp
;—
.1
Int'l Nickel Co of Canada
Int'l Tel
*
&
Kennecott
Libbv.
Tel
Corp
Copper Corp
Jan
52 V4
Jan
35%
preferred
Jun
18 Va
Jan
31
75
158
8%
43
&
Robbins,
„_„18
Inc
7%
•
-
Montgomery Ward & Co, Inc—
60 %
/
New
York
Central
RR
25 Va
9 Va
July
American
North
Aviation
Inc
1
Co
26
ri
Oil
48%
62%
Jan
Packard
Car
Clark
(D
Jan
32 Vs
14
July
Jan
26
Paramount
Feb
<7%
Jun
28% Mar
33»/2
Jun
National
33%
19%
530
17% Mar
6%
6% ; 6%
30%
a30% a30%
175
a35%
1
50
a35% a35%
486
a
Pullman
Oil
Pure
Radio
Co
'
*
25
...
9
:
Inc
5%
1,610
•
Jan
Jan
—'
•
—
m
Corp of America
Republic
Oil
of
Co
Roebuck
Bears,
—
Jun
.
_
Pitt
"I
Socony-Vacuum Oil Co
Southern
Railway
Star
Standard
Oil
Co
Standard
Oil
Co
Studebaker
Corp
Fireproofing
Jun
53 %
Jun
Renner
Swift
&
Co
_
Co
"to
Tide Water Assoc Oil
Union
Carbide &
Union
Pacific
Carbon
Air
United
Aircraft
Lines
S
Rubber
Steel
Warner
Jan
13%
Jan
17 V2
34 Va
Jan
52%
35 %
Jan
39
100
a31% a31%
a24
57%
Jan
18Va
Jan
29 %
,34%
Apr
a43% a43%
210
39% Mar
145
17%
20
Co
_
_
49V2
Jan
55
Jan
84V2
Apr
a37%
10
—
class
Co
*
A
33%
Feb
a28% a29V8
200
28
Apr
66 y4
Willys-Overland Motors, Inc
1%
32%
Jan
3
58% May
59% Jan
61%
71%
129
10%
Jan
15
10%
595
9%
Feb
3%
650
1%
Jan
405
118%
Jan
12%
*
7%
10
<
; 1
6 Va
13
12%
a45%
a45% a47
38
York
44%
Jan
393
31 Vs
July
23%
23 %
260
17%
Jan
25
43%
1
43%
160
41
Jan
9 Va
Feb
1%
Jan
9%
Jan
14 ya
Jan
4%
34%
28%
287/a
55
27% Mar
31% Mar
31%
32%
232
31% July
37% May
mm-*.'
100
385
34
-
43%
Friday
-
4th
St., St. Louis
2,
Missouri
Phone
CEntral
7600
Bell Teletype SL
Shares
Low
Exchange
r-
Week's
Sales
Last
(E
L)
3%%
preferred
100
Range
for Week
gale Price
of Prices
Shares
Range Since January 1
v
t
Pub
Delaware
Electric
Jan
184 Vs
July
25%
Jan
30%
Jun
57%
Jan
80%
16%
Jun
Key
18 Vs
Jun
Knapp
25%
26%
699
74%
74V2
100
:*v
&
Light
Power
14 Va
14 y8
151/a
291 "
10%
15Va
15%
180
10%
Jan
106%
105% 108%
205
92%
Jan
14 Va
-9%
Jan
13%
13%
20%
570
:
X?
1,043
14'/4
393
12%
13%
720
6%
9%
10%
234
66 Va
131/8
•
44%
13%
—
20%
65
50
Light
14%
43%
65%
•
I
10%
512
7%
Salt
7Va
16%
Jan
:
7
Landis
National
Jan
Jan
17%
Jun
St
11V4
Jun
7%
5%
32%
"
Jan
395
Jan
Canadian
*
Pulp & Paper
Preferred
Week's
Co
100
preferred
Bruck Silk Mills
Canada
Canada
&
Sugar.
Vinegars
Canadian
Marconi
Western
Canadian
Westinghouse
For footnotes
Lumber
*
55
150
8
Rice-Stix
Jun
see
page
492.
150
8%
34
17%
250
2%
50
V
Cement
Dry
Goods
Bldg
Inc
Steel
com
»
X 15
1st
pfd—
17 y4
com
8%
9%
LISTED
ENDING
130
15
50
n
Ja*
300
Jan
9%
Ma?
2
115
26
50V4 Mar
Jun
July
Jan
15% July"
Jan
185 Julv
•
75
15%
4% May
*-
2.25
May
56% July
Foothills
Jun
125
34
125
39%
Feb
42% Jun
77
4
3% July
8
11
Feb
Jun
Feb
14
14'
100
11%
Jan
15%
Jun
14 V4
14
9V4
Jan
14%
Jun
21
21%
615
17%
Jan
23
Jun
23
23
20
Jan
23
July
.
~~
25
22%
V
__
5
~~
™
"
3
15
23
-:X 22 Va
22
100
22
22
53^
53/,
30
215
30
4
Jun
Jur.
Jan
19
300
24
24
24%
Jun
Jan
20
Jan
May
17 %
530
;
Jun
39
200
27%
Feb
40
Juh-
12%
13%
12%
100
10%
Jan
14
July
i3i/2
135/^
108
11%
16%
15
13
39%
674
35
Jun
18% May
Jan
38 %
37%
14 V4
Jan
16%
-
6%
39 ;
Jan
Week's
41
May
Sales
Range
for Week
Sale Price
of Prices
Shares
Oil
&
&
Low
8%
Gas
Ontario
Paper..
240
2,000
33%
140
1.45
725
33c
'
11
July
Jan
40c
Jan
Feb
37 %
Jun
Feb
1.28
35
35
10
—5
11%
11%
12
1,595
11% July
3%c Feb
26
Investment
Shop
Temiskaming Mining
4c
500
5,500
1.80
1.95
1,100
1.30
Jan
.100
100
100
15
95%
Jan
23c
23c
1.50
1.50
1.50
75
-11c
Uc
12c
1,500
.
115
21c
36
Jan
46c
24c
1.59
Jan
35
4c
preferred.
July
28c
1
Grain
15
Jun
29
45c
Oreille
&
15
34c
33%
10%
Jan
.100
1
...
Southmount
„
8
1
High
Low
885
"
Selections
Reliance
8%
1.30
33%
Range Since January
High
8%
15
33c
Bridge
Osisko Lake
Stop
2% July
Jan
MARKETS
Dominion
Pend
Feb
141/4
Consolidated Paper
Consolidated Press class A
Dalhousie Oil
Oil
Feb
20
Jan
1%
Jun
38% Mar
~
July
45%
-
14%
100
JULY 27
160
Apr
\
20% July
May
23
Last
56% July
16% July
Jan
IT
1
FOR WEEK
<
July
13%
5
Friday
Mav
10
5
_10
Langley's preferred
24
>
4
common
Minnesota
125
2.00
41
4
common
common
Apr
25%
56%
41
4
Aluminum,
Jan
150
1.95
31%
41
Wagner Electric
11
370
56%
2%
30
*
Equipt
common
46
15%
3%
2%
July
25% Mar
16 Vs
30
•
common
«
65%
-
100
25
common
Jan
25%
*
38
-
20
common
Bank
Louis
Sterling
Jan
High
15
__
56%
37%
Stix, Baer & Fuller
.
Range Slnee January 1
60
3%
.
May
Mar
STOCKS—
50% July
405
45
:
95
34
41
Low
10%
25%
2
*
-
'
315
,
43
*
Canadian
56%
9%
1
-—--
Shares
High
10%
15%
5
505
99
Par
15
♦
Dominion
of Prices
52%
__
99
40% May
37% Mar
for Week
„
100
20 %
99
20%
80
111
•
com
Sales
Range
__
-
20%
>
High
.
July
July
22 V4 Jun
126
1
common
Candy
Funds
Low
com..*
151%
♦
Portland
Exchange-Curb Section
Sale Price
15
*
common
common
Scruggs-V-B
4,026
__
Brown
Steel
Missouri
2,369
*
-250
5
common
common
Machine
Feb
38'/4
Par
Columbia
Laclede
Jun
37%
Last
Beath Ltd class A
Shoe
Monarch
51
35%
Friday
Steels
24
*
common
70% May
16 V2 Jun
38
-
24
24
cont>—
common
Shoe
22%
Jan
38
STOCKS—
British
Co
Jun
RANGE
Atlas
Johansen
16%
CANADIAN
1
111
Low
100
62
36%
Toronto Slock
10
100
43% July
10
Mfg
ill
__
5
Preferred
117% May
Jan
1,853
50
Pennsylvania RR
ill
common
Hydraulic Pressed Brick
Mar
Scullin
Corp
80
1
Laclede-Christy Clay Prod
19%
*
10
&
25
Jan
15%
•
common
3
Jun
26%
5
Co
Pennsylvania
Jan
*
Lehigh Coal & Navigation
Lehigh Val'ey RR
Pennroad
17%
157%
80
common
common
Huttig S & D
48
X 909
*
common
Motors
National
High
20%
50
Storage Battery
General
Low
High
80
—*100
A
International
13
c
preferred
Co
Power
Mfg
Class
Low
.100
pfd
Griesedieck-Western Brew
Range Since January 1
177 V. 179%
177V2
Bottling
Brewing
Columbia
High
20 Va
& Tel
Chrysler Corp
Curtis
593
Exchange Associate
Friday
for Week
of Prices
American Stores
Wheel
Apr
Co.
&
Exchange
Jun
Sales
Range
Sale Price
Par
Budd
38
1871
St. Louis Stock
37% May
Elder
Week's
Last
Mfg Co
5% July
Jan
■
10
STOCKS—
G)
Jun
4%
34%
31%
45% July
-
Philadelphia Stock Exchange
IE
May
Jan
34%
'
Chicago Board of Trade
Curb
Jun
60
32
31%
Coca-Cola
Budd
4% July
142
Jun
48%
Apr
lr/c
Securities Corp
Jun
Jan
90c
4
325
X
July
1%
100
Par
Bankers
Feb
12%
'
al5% al6
Bruce
Baldwin Locomotive Works
6%
14%
Jun
17%
Stock
STOCKS—
American Tel
Jun
July
8V4 Julv
13%
St. Louis Stock Exchange
Chicago Stock Exch.
Jun
13%
621
York
New
Jan
Jun
New
10
67%
al6
12%
Woolworth Comoany (F W)
606
a52% a52%
Apr
11
Members
'
67%
5
Westinghouse Elec & Mfg Co
235
a52%
v
*
Inc.
a37% a'39
North
300
xx://'
129% July
391/2 May
—
5%
Established
92% May
Jan
2%
1,200
Edward D. Jones
Apr
117%
2%
5%
7Va
Mar
18
_
Tel
67
10
Pictures,
Union
-
80
•
Jan
1
Alloys
39% Mar
17% al8V4
2%
Feb
4Va
Jun
62
128 Va 129%
*
9%
591
St. Louis Listed and Unlisted Securities
May
31% Mar
25
a51% a52%
5
155
7%
Jun
a85% a8634
(Del)
16 Va
Apr
129%
Corp
34% Mar
Jan
Jun
224
205
a
Jan
13
r
108 V. May
70
a23
18%
11
High
28%
60
.
135 y4 135%
Steel
*
Westinghouse Air Brake
•
Westinghouse Electric Corp com—.12%
v
101%
a85%
Corp_
Bros
Western
'
.
905
a58% a60
'
S
15%
—
a
Corp..
Inc I
United Corporation
U
50
103
Company II.Iuo
Railroad
United
U
24%
a42%
"
Low
65
10%
.v';'
10%
1
Vanadium
a51%
Gulf Sulphur
Range Since January l
High
3%
—.
1
United States Glass common
Jun
—
■
Shares
-v.
Springs
Jun
25 V2
a36% a37 Va
Co
Texas
Texas
Steel
Standard
13%
Jan
a44% a45
25
_
20% Mar
Jan
Jan
a59%
for Week
7%
1
v-r;£.\. '•• V-' :V
10 Va
a36%
Jun
Sales
Range
11
25
*
—
24%
1
__
_
17%
Co
19%
23
J)
Corp
Mar
450
15%
19% July
14%
*
Glass
Pittsburgh Screw & Bolt Corp
1,663
25
(Ind)
(N
288
a 44%
47
5%
10
Supply
29
48 % Mar
18%
m
Jan
Jan
14
—
10
Gas
Fuel
22%
13
Company
38%
13%
30%
1
Brewing
all6%all9%
aU7V«
•
Jun
-
Fort
12%
—
3%
187
29%
X
'.I/':
*
Electric common
12
*
Del.
Jun
Jan
1,543
of Prices
14
*
Candy
Gas &
Columbia
22%
12%
—
Co
As
26
100
18%
;;v
•
Steel Corp
Seaboard
'■K
.
122
a26% a27Va.
a50% a51%
—"'
-
Jun
3%
IV4
:
Week's
29%
*
Pittsburgh: Plate
Phelps Dodge Corp
May
46
Jan
40% May
585
17V4
Inc
Pictures,
Vs May
1%
18%
Low
•
Co
L)
Mountain
25%:
17
Pennsylvania Railroad Co
51% July
45%
Jun
20 Vs
24%
17%
—
29 Vs Mar
64 Vs
'
24%
Co.
42
195
»
Sale Price
Steel
Ludlum
Allegheny
Jun
Jan
•
Motor
Feb
18
18 V4
Last
9%
22
1,193
10
Co
2%
Friday
stocks—
Lone
Ohio
Jan
42%
45
13 %,
Apr
28 % May
'130
all Va al2%
,19%
1,357
2%
95
581
61
J 25%
25%
*
American
39% May
,57% Jan
30
3V4
2%
.
Apr
Blaw-Knox
North
Mar
Pittsburgh Stock Exchange
May
39%
Jan
95
a29Va a30%
a29%
43
3
Par
McKesson
35
Jun
32 Va
9% July
35% Mar
25
a8%
a2574 a26
Inc
76
60 Vs
27% May
32 V4 Mar
Apr
30
120
a36% a37%.
McNeill & Libby.
Loew's,
215
51%
Apr
122
July
Jan
a23% a25
a37%
•
45
5%
50 V4
a31% a32%
*
23%
59%
Jun
28%
Jan
Jun
70
a47% a49
a47%
i
10,194
9%
7
974
.*
22 Vs
22%
•
*
common
United Gas Improvement
General
33%
v
:
A
United
11% July
42 %
Graham-Paige Motors Corp..
Great Northern Ry Co pfd.
33%
75
26%
Jan
117
803
51 Vs
—
participating
—*
Transit Investment Corp preferred—25
15 V4 July
General Electric Co
85
31%
*
Class
Jun
al4Vs a!4%
5
*
120
High
>Jan
24%
Tacony-Palmyra Bridge—
May
21%
21%
1
A
Electric
6%
6%
6%
1
21
5
664
21
31 %
i
—
50
•
common
Sun Oil
a21% a?l%
5
Corp
Co
Paper
Scott
#
Crown
27 V4
119
25
3
Corp
Low
2,997
26%
25%
26 Vs
25 V2
Jun
Jan
•
*
10°
Philadelphia Electric Co common
$1
preference common
4.4% preferred
Phila Elec Power 8% pfd
Jun
23%
10%
1
5
19%
V/2
23%
1
Corp
Continental Motors Corp
Jan
7%
1%
*
Corp
10%
x275
a61% a62%
a61%
Caterpillar Tractor Co
745
16
Range Since January 1
High
24%
'
Feb
Apr
55c
Feb
7%c
Jan
i
Feb
14% July
9%c
Apr
1.20 May
2.40
100
30c
Jun
July
Apr
1.60 July
19c
Apr
162
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4407
-
CANADIAN
RANGE
FOR
LISTED
MARKETS
WEEK
JULY
489
ENDING
27
Friday
Week's
Sales
Last
Range
for Week
Sale Price
STOCKS—
of Prices
Shares
Par
Canadian Listed and Unlisted Securities
Cochenour
Cocksnutt
Com
Plow
Gold
Low
Mines
4.55
14
4.45
Co
Lake
60c
r"
Coniaurum
MEMBERS
293
BAY
THE
TORONTO
STOCK
-
Cable
Branches:—KIRKLAND
>
EXCHANGE
Mining
Friday
Exchange
Funds
Davis
Week's
Sales
Last
Range
for Week
Sale Price
of Prices
Par
Abitibi
&
Power
Paper common..T...»
preferred
& Oil
6%
Aldermac
1,900
57%
57 %
9c
4
593/4
2% Mar
2,255
44
9c
2,000
7%c
1.90
5,100
9c
1.75
14c
14c
5,500
8c 10%C
4,317
—
,
r
,
—
•
*
16'
16
100
100
100
Ltd
10c
Canada
5%
114
114
118
105 105 'A
"
Huronian
Aquarius Porcupine
86c
*
Gold
62 %
Jan
14 %c
Dome
Jun
Apr
Mines
1.67
5,600
87C
13,800
1.80;
1.90
400
14 %C 14 %C
500
29%
Dominion
Fabrics
19c
Mar
Dominion
20c
Jan
Dominion
18%
97
Feb
95
Jan
129 %
105 %
Dominion
Jun
Jan
Jun
100
July
100%
88c
9.00
506
62c
63c
4,600
60c
5,500
73c
Mines
Ault
Wiborg
&
•
:
2nd
Geld
Aunor
Dominion
Malting
Scottish
2.00 May
3%c
Feb
13c
55%
58'A
125
42%
Feb
65
Jun
26
26%
1,036
25'A July
29
Jun
22
22'A
605
18
—
13
13
70
22% July
16% Jun
10c
Jan
29c
27c
Mar
55c
May
July
38c
36c 39%c
9,100
36c
July
50c
9c 10'Ac
1,500
6'Ac Feb
21c
Mar
16c
15c
29c
15c
17c
21,950
July
60c
58c
60c
4,300
41c
Jun
50c
48c
50c
7,755
35c
Mar
Donalda
103 %
Jan
74c
Jan
100
104% 104%
„
35
Gold
River
Berens
Eevcourt
Bobjo
16%
—; 600
3
20
39
B
.7% July
3.4% Feb
20
8% July
18
Jun
3
July
40
Jun
2'A Mar
35'A
Apr
9%
Chemical
9%
10%
2,355
7
Mar
12
Jun
16
16%
1,305
14
Jan
19%
Jun
17
17
930
13
Jan
38% July
Jan
11
common-
97/a
10
1,700
7%
Jun
Amphi
Crest
4,625
East
Mines
3.10
3.10
3.35
13,990
23
22'A
Sullivan
40
40
170
5.50
5.65
1,080
29
29
5
27% Mar
31
36%
37
950
35
July
39'A
4
4'A
1,555
3
Jun
70
70
45
65
Apr
78
Jun
8c
9c
3,500
5'Ac
Jan
15c
Apr
5%
6
430
29%
Falconbrldge
Federal X5rain
Famous
Fanny
Jan
2.35
Jun
Fleet
May
Snops
common
-
.
——
Kirkland
.
10
.
Mining...
8%c
of
Co
12% July
Francoeur
Frobisher
1
1.08
1.05
1.08
400
90c
Jan
1.30 Feb
91c
88c
91c
6,100
85c
iJuly
:
1.20
July
4.30
Apr
2.23
Apr
28
Jan
Jan
6.25 Mav
Jun
Feb
5'A Jun
class
Petroleum
_
700
100
21
54c
3,900
5.20
2,050
4.95
Jun:
9.25
13'A
13%
235
10'A
Apr
Gold
1
35c
*
35c
36c
12
„
1
"102
106
100
100
103
104
-29'/a
♦
29%
25
,
52c
52c
5.00
13'A
_
-
•
:
30
Jun
25
Feb
Julv
1
52c
77c
July
Exploration
21c
1
25c
25c
—1
38c
37c
30c
18,850
12
20c
55c
May
Mav
12
Apr
10
,35
22c
July
5%
m
Feb
preferred
5 % %
ion
preferred
ion
Products
100
General
Mfg
-
90
97
May
102
5
102
May
106
V25
"92
Feb
100
Jun
Feb
Gold
Gold Mines
Bralorne
Mines
Mines.
Brantford
Ltd—
British
—15%
Cordage
*
Brazilian Traction
Brewers
!_
105
July
July
July -
American
British
Oil—
Columbia
British
Dominion
Broulan
9%
15 %c
Jan
a; 45c
Apr
5,200
35c
Jun
67c
Jun
Giant Yellowknife Gold Mines
1
7.00
1
22c
20c
23c
50,600
9c
Jan
28c
Mar
—1
17c
15c
17c
11,600
3%c
Jan
24C
Apr
23,150
17
"
9%
Porcupine Mipes, Ltd
Mar
Jan
Feb
18
24
Glenora
Gold
100
8%
Jan
10'A
4,973
22%
Feb
27'A
Jun
10
630
8'A
Feb
11
Jun
Gold
Jun
24
24%
775
23%
31
31
317/a
233/4
23%
23%
38'Ac
42c
8,900
335
Apr
20%
40
41c
Jan
25
■:
Apr
25%
Buffalo Ankerite Gold
34'A July
Jun
Lake
God's
Mines
•
Ltd
_
Goldhawk
_
Bulfalo
Canadian
Building
Bunker
Burlington
Burns
Gold
Mines
i
Arrow
Golden
Gate
;
1,200
61c
July
78c
Feb
Mining
Co
3,000
95c
Jun
1.25
Jun
Goodyear
Tire
Rubber
5.65
5.90
5,600
Jun
6.50
Jan
30c
33c
14,200
23
375
18'A
Jan
'
B
65c
July
5c
5c
1,000
3'Ac
Jan
10c
12%
13
80
10%
Jan
13
10
10
11
*
10
Apr
July
15%
July
*
Canada
Bread
•
Canada
Cement
common
Jan
Preferred
Canada
Packers
Class
1.89
2.15
Feb
5'A
*5'A
230
5'A July
6%
Mar
12%
235
9'A
Anr
13%
Jun
130
130
15
—
*
Northern
Canada
1.80
12%
—00
Malting
Canada
1.80
12%
«
common
*
A_„
*
Permanent
Canada
Steamship
10'/2
*
B
Canada
54
54
118
Jan
Feb
Mortgage
Lines common
10'/2
130
July
40
48%
Apr
56%
225
35
34
17
'
10%
16%
7%
Jan
11
_
_
Canada Wire & Cable class A
Great
Lakes
Vtc
;
—
172
Canadian
Jun
Preferred
Great
Saddlery common
Gunnar
Gold
Minps
Ltd
13
158 %
Jan
11%
Jan
17%
39%
Jan
47
82
82
15
70
Apr
25
25
50
23
Feb
9%
16
16
16%
16
16
16'/2
9%
175
Mar
Hard
Jun
Harker
Gold
Rock
Mines
Go'd
Gold
Mines
Harricana
82
July
9% July
2,400
8
Jan
17
July
Home
44
Jan
52
July
Homer
15'A
Apr
19%
55
105
24'A
24'A
*
20
19%
*
13
12
Cadillac
Heva
36c
38c
2,300
22'Ac
Jan
8%
Jan
5c
Apr
24c
3c
Jan
15c
37c
25
30
•
23%
20
14%
Jun
Hudson
30
31
175
>"27%
Apr
32'A
Jun
Hunts
51
51
53
65
45%
Jan
58
Jun
176
175
Jan
176
July
24
24
15
24
315
158%
—_•
-
-
Jun
25%
1
Feb
July
24%
19% May
6%
145
16
70C
Feb
Oil
Tire
Hosco
Gold Mines
Gold
Howey
Ltd
Class
Huron
B
&
class
A_.
Boxes
pfd
—*
20
__
*
100
20
21
20
—*
A
Class B
21
Erie
24
—
24 %
118
100
1
1
2..*
Chemical
Research i,
■
—1
Chesterville Larder Lake Gold Mines—1
Chromium M & S—_
*
Circle
Bar
Knitting
*
Citralam Malartic Mines
page.492.
1
2.50
24c
5'A
,
26c
5'A
5'A
9,750
700
—
-
Jan
800
Jan
Mar
25c
Mar
33c
20,400
25c
14C
44,500
3%c
Jan
62c
14,400
27 %c
Apr
42c
3,200
32 'A
720
59c
42c
:
5
22
335
18%
3,865-
13%
1,083
12'A
May
Bronze
Powders
9%
9%
9%
1.10
Apr
43c
Apr
17 7/e c May
32
29
pfd—25
A
•
preferred
29%
104%
Jun
Mar
Jun >
Mar
90
Jun
Feb
22
VJuly
Jan
16%
Jan
13% July
-
International
Jacknife
Uranium
Jack
Gold
Mines—
Waite
31
Apr
29%
250
22%
Feb
104% 104%
-y 396
103 %
Apr
--•85
103
Apr
Apr
32
July
30
'; *
Jun
106% Julv
1106
Feb
31%
Jan
39%
Jan
24% Mar
Mining
1
1.03
1.03
i—
*
1
i
Mines
:
—;
Jun
1.40
21%
-
Mines
10
523
Jason
Quebec
Jan
Jan
2,025
Jun
Joliet
Jan
8
36
1.50
Jellicoe
8
22%
^Dr
July
Apr
-
50
-
-
Jun
Mar
35
1.15
-
Feb
34%
22%
300
16
Jun /
Jun
22'A
1.40
75c
Apr '
35%
1.40
Jan
48c
35'A
35
-
«
1.40
Jun
••
•
common
Petroleum
1.10
1
:
26c
.1
14%
Apr
104% 104%
100
International Nickel Co
Jacola Mines—.———
26c
1.09
'
71c
1,250
32
7
235
1.02
•
1,300
90c
Jun
500
25c
Apr
19,000
May
5% July
60c
85
225
1.10
100
common
Preferred
"AM
t
-
1
Feb
115
90
6
,Vy 2.42
8,000
90
7%
Jun
:
19%
21%
90
13%
1.50
16
May
105
»
15%
17,500
32c
20
30
7%
2.85
350
•
13'A
33c
Jan
Jan
-
30
151/e
130
34c
30
•
"\
13'A
31c
28c
55c
31%
151/8
1.95
15%
1.02 May
Mar
11c
£1
30c
-
4.30 Mar
30c
28
1.86
._
Jan
32c
*
30c
29c
3.05
1,700
27%
1.91
.
13% May
•
25% May
Jan
4
65c
Jan
3.80
10
Oil
July
12%c Jan
-i
Jan
Apr
10%
3.65
31%
100
Preferred ::
21
1.89
950
2.60
24c
2.50
77c
20c
2,047
Imperial Tobacco of Canada ordinary_5
International
Mines
1,000
36,500
13c
:
Central Porcupine Mines
Chateau Gai Wines
July
May
36c
12 'A*
Imperial
Jan
Jan
100
1.57
87c
85c
33c
11%
Jun
International Metals
20'A
200
118
24%
Apr
Apr
11 %
*
common-
International
16
15c
65c
Jun
16% Mar
15
Feb
Jan
"
1
—
Jun
15%
-10
Jun
Mar
3.70
;
*
1—
Jun
50
.
85c
34 %C
5
1
20
21
Jan
1
Mines
Bay Mining & Smelting
22
21
90c
Jan
43 %c
5%c
20c
'
Jan
—
*
54'Ac
1,500
Jun
1.35
Jan
Jan
17,355
—1
Inglis (John)
1
Inspiration Min & Devel
19
11%
1.46
70c 71 %c
•:
Gas
&
Jun
35
5,461
1,32
8,500
Apr
Apr
8%
Apr
1.46
•
Jun
24
17%
68c
4,600
Feb
12'A July
: >
Apr
25,500
-1
29
24
16%
80c
>6%
35c
—1
_
21
24
17'A
Apr
9c
35
Jan
•
Jun
54c
32c
10%
Mar
—25
Ry__—_
14%
51
*
Feb
176
July
July
9c
10'Ac;
Jan
7
33c
Yellowknife
Apr
;
76c
Apr .:.
Mar
48
v
Jun
17%
common
see
Jun
26% May
75
20
————1
-
Oil
10
v
125
footnotes
30'A
10
8
50
1
Mines
Hollinger Consolidated Gold Mines
105
1,050
For
29%
7
1
Gold
Mascot Mines
Hedley
660
.
1.01
Gold
Mar
Jun
105'A July
Jun
17
-87b
Patricia
Jun
6
1
-
Hasaga Mines
28
Jan
30%
Central
30%
Apr
4%
50
1
Mines
July
Jan
29
Co
Apr
50
450
May
8%
Wirebound
23
81
..
17,500
14
1.00
Carnation
6%
8
165
.
class
23c
7c
*
Malartic
Wallpaper
29
5'A
291/2
29%
16 %c
Apr
8
95
Canadian
Canadian
26
Jan
Jan
6c
685
52
Mar
4
8
570
18'/2
Jun
July
57
11c
7c
216
51
loc
105
4%c
*
9%
18%
—
n
.**;
1,750
1
104% 105'A
5%
1.36 May
Jan
1,500":
>132
830
"
105'A
Jan
Apr
y 53'A Mar
18.100
Halliwell
Canadian Industrial Alcohol com A—*
Canadian Locomotive '—
Canadian
5
5'A
1
Imperial Bank of Canada
Canadian
16C
lie
—100
Oils
26
7%C
16c
4%
12'A
13
Dredge & Dock
Pacific
7%c
4'A
10c
20
common
Preferred
Canadian
161
11%
24'A
•
Canadian
55%
3c
90
*
Harding Carpets
489
—0
Conv preferred
Canadian Car & Foundry common
New preferred ■
Canadian
55
83C
7,200
,
10c
July
801
*
common.;
Celanese
Apr
•
July
17
•
common
preferred
Ca^dinn
Apr
Jun
22c
1
Homestead
1st
87c
44c
Jan
Gypsum Lime & Alabastine
17
46
—*
Canners
Jun
July
9c
55
•
50
35
175
*
Preferred
Canadian
65c
26c
16,200
6,300
*
*
West
Preferred
Apr
45
10
:
Commerce
Breweries
500
6,800
17c
30c
*
Jun
15'/2
25
Mar
7%C
1.08
*
com
pfd
12%
45
100
common—
:
Bank
May
27c
*
vtc
Paper
Heath Gold Mines
Preferred
May
50c
104 104'A
1
Grandoro Mines
32.%
16'A
*
Canadian.Bakeries
85c
35c
1.02
27c
104 'A
_
Bousquet
65
•
*
Class B
Canadian
Jan
Jan
Jun
16c
\
Graham
130
17
27c
21'AC
26 %c
July
50
Preferred
100
35 :
Jan
1,000
12,300
Halcrow Swayze Mines—
Power
class
54
1.70
1,410
11%
11,000
6%c
1
common.
Common
Calgary & Edmonton
July
•
6.50 Mar
May
23
22'/2
12%
*
class
8%c Jan
22'/2
*
Steel.
Bros
61c
1.15
_
50c
32c "
1.08
60c
Preferred
,
29c
69 %c 69 %c
Manitou Mines
&
46c
24 %c 24 %c
17C
i
—
1.05
*
100%
6,430
6%c
___
Mining
61c
5.00
24 %c
29c
_
Golden
73%c Jan
1.15
•
Products.
Hill
1
—
Golden
*
10
7.00 -7.50
46c
—
„
_
1
Mines.!
104
J
Jun
.27
38'Ac July
•:
100
_
1
Mines
.
Goldale Mine
Goldcrest
-
Goodfish
Buffadison
_
Lake-Porcupine Gold
25%
•
A
32c
10
*
class
Oil
Jan
14%
2,195
~;
•
Power
12c
24%
__
•
Packers
Columbia
British
1
25
5
1,500
38c
~
15%,
—
Light & Pwr com—*
& Distillers
27c
.
pfd
General Steel Wares pfd
Gillies
Bonetal
„
6% July
1.46 Jun
Ltd
Bonville
r
13% July
106
29%
25
101
•
A
Co
*
Gold
3'A May
24% Jan
5.00
—
Canada
Foundation
July
♦
Aircraft
Ford
40% July
172
h
Feb
Mines
Candy
23
Feb
1.90
Jan
9.50
Nickel
Players
Farmer
Preferred
24 %c Mar
Feb
161
Mines
31%
1.55 Mar
100
Jan
5.60
Apr
1.22
165
v
23'A July
Apr
16c
36%
Gold
May
22'AcApr
19% July
10'Ac Jun
175
172
11%
Apr
53c
60c
12%cMay
11%
14
38c
50
1,000
__
Mar
May
6.75 May
24
15c
__
3.05
24
15c
170
Jan
24
27% May
*
2.26
English Electric class A
10
1
Apr
7,800
16,000
2.75
Jan
29'A
100
July
43c
2.66
Jan
13c
13,400
44c
21c
40c
10%c 11 %c
2.70
4.25
29'A
1.67
July
11c
Mines
Jan
16%
1.60
40c
10 %c July
41c
Oil
Apr
265
20
1.60
2.40
28,100
3,766
3.60
9,400
2.50 Mar
Jan
25,600
11,075
1.53
Jan
22c
23
19
1.39
98c
64,400
68c
13c
1.40
13,500
1.25
88c
33c
1
Mines
1.10
95c
61c
19
1
Gold
1.00
85c
12c
;
1.02
1.15
Co
63c
32c
Radium
Hats
-17
3
39
*
East Malartic
1.03 May
1
Kirkland
Mines
1,245
3
39
Gatineau Power common
Bidgood
Jun
8%
85c
1,300
12c
Gold
Biltmore
July
29
Eldona
4.00
Ltd
Mines
25
Apr
Elder-'Gold' ——2———
3.95
*
Mining
July
Jan
3.95
32c
1
Bell Telephone of Canada
25
25
Apr
36,600
10
Belleterre
20
837
1.90
1.10
1
Beatty Bros class A
25
105%
1.05
Toronto
&
Feb
11% May
Eastern Steel
1.05
1
Gold Mines
Mar
Anr
1
Mines
Exploration
Beattie
July
16%
&
Mining
East
Federal
Bear
13
July
27%
7%
16%
.
com
Mines
Duquesne
Apr
80c
1
—
12
May
9c
1
Metals —
Base
350
26
8
Stores
3,000
.
10
of
Bank
12;
25
27
5
Tar
1
Mines—
31% July
1,000
v
common
Dominion
18,200
Ltd
Consolidated
:
6'Ac
com
Investments
Dominion
23c
Montreal
of
/
22
pfd
Preferred
Mar "
55c
Mines
Eagamac
Bankfield
Bank
29% July
Jan
Magnesium
Mar
22c
Mines
pfd
Mar
'
Steel
&
May
1
Proprietary
Jun
17c
1.15
l
9.55
1.13
Jan
Jun
45c
Gold Mines
Aumaque
2.10
Jan
700
2
96c
Jan
7.60
23c
Quebec Mines
Aubelle
:
Apr
1.12 July
1.75
55%
pfd
Dominion Steel class
1
Yellowknife
720
60c
12 %c
'
May
Jun
6'AC
common
Foundries
East
Atlas
Mar
1.92 Mar
60c
Jan
Feb
50c
Mining
Astoria
July
27
12
;
Bank
Coal
1
-
Ashley Gold
7
110% July
—
Dominion
—1
Arntfield
30'A
1.50
Jan
1.50
Ltd
2.35 May
Feb
9.00
63c
—1
Gold
Jan
3%
84C
Dominion Woollens common
Armistice
Mar
23
1.55
30
Mines
Seagrams
July
86c
__
1
Mines———
Gold
Arjon
90
75
12
Distillers
8c
105
Anglo
20
Jun
Mar
14%
128
105
Canadian Oil
Anglo
Feb
1.60 Mar
1.50
Dominion
•
pfd-100
common
of
Co.
Aluminum
30
85c
1.80
Nickel
12c
50
—
5'A
1.25 Mar
105
—
High
149%
Jun
'
common
—
Aluminium
41/2
1
Cons
Copper
Steel
Preferred
4 %
Low
1
Pacific
Algoma
High
7
26'A
A
'70% May
Jun
1.00
1.60
Mines
Denison
145
Jun
Jar.
'
v
'
*
Oil & Gas
Ajax
Alberta
414
—100
—
Gas
Acme
Low
Range Since January 1
792
2.09
.36
May
2,500
26'A
Class B
Shares
49 - Jan
1.30
7
'
14 %c
class
Jan
14
225
Jun
May
May
'
.
Petroleum
Leather
1.45
465
/
146;
1.15
'
Pershing Mines
Delnite
1,400
Jun
110 110'/a
f' '■
•t'"
Aircraft
Davies
' ,1.65
15
io
Imperial Mills
Crowshore Patricia Gold
Cub
85c
1,000
146
common
Preferred
35c
July
78c
40c
66'A
10
High
4.55
43cJan
13,600
65%
f]
15
64c
14%
"
1.16
Corrugated Paper Box
LAKE—TIMMINS
Toronto Stock
'
65%
Conwest Exploration
Address:—"Dohroadco" Toronto
Uroinor
STOCKS—
Smelting
Consumers Gas (Toronto)
Cosmos
Canadian
14%
&
i
Jan
12% May
1.60
1.61
Bakeries
Consolidated
STREET,. TORONTO 1, CANADA
Telephone:—Waverley 7411
Mines
2.94
345
40c
--
Consolidated
Low-
12,900
,
59c
Commonwealth Petroleum
DOHERTY ROADHOUSE & CO.
Range Since Jannary 1
High
4.15
13%
Wlllans
.
13C
26c
:
1.60
39c
Jun
ADr
Feb
13c
10c
Jan
18c
Jan
6%c
56c
12 %c
8c
-3,000
3c
Jan
33c'
Apr
52%c
58c
53,827
28c
Jan
58c
July
5V4c
Jan
18c
Apr
55c
Jun
10c
10c
63c
63c
12c
•
70c
-
6,586
50,300
1.35 May
v.
*
y.'f
THE COMMERCIAL & FINANCIAL CHRONICLE
CANADIAN
RANGE
v
P*r
Mining
Kayrand
Lake
•-
Kirkland Hudson
:(i Kirkland Lake
—I
1
Kirkland Townsite
i
Labatt (John)
13 %
—-
^ Labrador Mining
Low
:
13%
11%
3,327
100
30c
Jan
3,100
50c
Mar
1.42
1.36
1.50
82,430
36c
31c
39c
49,500
22
22V*
1.00
4.65
5.05
1.35
1.35
1.40
1,200
15c
14 %c
16c
6,500
20%
20%
Jan
2.35
Pherritt-Gordon
Silverwoods
Apr
1.50 July
40c
Jun
22
1,430
17,750
4.85
■
La
1
Mines, Ltd
Mines
ji Lapaska
—
6.75
200
7.25
7.25
New
Jan
5.15
Jun
Jan
13c
15%
Laura Secord Candy——
t
Lebel Oro
Lexinden
.
—1
68C
67c
? 70c *
1
50c
50c
52C '
Mines
Malartic
Mines—
Slater
(N)
Co—
End
Petroleum
20
•
Macassa
Jan
22c
3,000
34c
July
16
385
Madsen
Lake
Red
Gold
Malartic
48c
34,550 J
Mines
Manitoba & Eastern Mines
common
1.80
28
28
1.86
Jan
29
260
Massey-narris
4%
4%
15%
15%
16
145
14
May
42
42
35
34
Jan
44
May
Steel
of Canada
74%
75
July
57c
Jan
Jun
2.10
y
Jun
26% Mar
29
Co
Preferred
•
common
i—'JH
—
8teep Rock Iron Mines
July
Oil
25
Mar
27
89c
Jan
11,100
53c
80c
July
2.85
3.00
10,220
2.25
Jan
2.60
2.68
5,490
2.17
Jan
3.55
3.65
2,750
3.25
Jan
4.15 May
4%C
4c
4%C
8,000
12%
12%
130
2c
Jan
9c
Jan
Preferred
20
12
Jan
lOq,
12
10c
637
8c
89c
29,900
77c
Jun
1
Cons
Mines
12
27%
27%
605
12%
27%
22
1,410
Mines
McColl Frontenac Oil
v
*
Preferred
100
McDcugall
10
10%
309
106% 106%
—
10
Segut
137%
Mar
McKenzie
Lake
Red
c
McLellan Gold
>
McMarmac
Red
McWatters
Gold
5
Mines
1
Mines
62%
62%
1.52
1.50
X
Lake
Gold
1
Mines
5%c
22c
Apr
29
Gas
&
5%c
14%
•
6.20
6.10
6.20
X
21c
21c
*
25
25
50
72 %c
76c
5,860
Modern Containers
Moneta
common
Porcupine
Light Heat &
Corp common
Moore
1
.
Montreal
•
Power
National
22%
22%
22%
62
62%
1.50 Jan
1,540
2.50 Jan
20
20
4.60
23c
25c
12%
25
25c
15c
15c
1,515
*
National Petroleum
class
A
26
27
285
21
21%
720
53c
2,500
12%
20
12%
25c
26%
1.10
20% Mar
24%
Jan
65%
Jan
30c
Feb
13 %
Feb
27
22
21
1
1.55
44c
44c
52c
4,200
39c
Jan
75c
37c
35c
42c
40,800
29c
Jun
64c
Nlpissing Mines
5
Noranda Mines
•
1.50
1.60
2.65
2.70
55
__
10,500
56%
55%
.
;
.
j 625
1,865
1.26
Jan
1.85
2.35 Jan
50
; Nordon
Oil
Normetal
Ltd
Mining
Northland
*
Corp Ltd
«
s
;
O'Brien
Gold
12c
90c
6,000
1,000
12c
80c
July
7c
Jan
20c
6%c Jan
20c
70c
2,700
64c
14 %c 15 %c
68%c
4,000
68%c
1.65
Feb
89c
•
15c
10,500
12%c Jan
•
1.15
1.13
1.25
20,600
common
•
6%
6%
6%
235
1.08 July
5
Jan
6%
6%
100
5% Jan
2.90
2.85
2.95
8,275
2.26 Mar
5
Mines
.1
26c
7%
45c
48c
3,000
38c
Apr
58c
30c
22c
Jan
39c
1
35c
35c
37c
34c
Jan
68c
63c
60c
66c
60c
July
8%
8%
20
Gold Mines
Gold
Mines
Car
*
5
1.20
Jan
•
10c
10c ll%c
Jan
3,167
10c
•
46c
46c
I,200
45c
Jun
1
1.20
1.05
1.27
6,700
50c
Mar
•
28%
28
28%
175
28
July
1.75
1.75
1.81
5,400
Hersey
(new)
Porcupine
Mines
Ltd
Pandora Cadillac
•
1
30c
29c 32 %c
1
25c
25c
28c
1
9c
9c
9c
v
Paramaque Mines
Partanen
Malartic
Gold
Mines
Paymaster Cons Mines Ltd
1
Perron
1
Gold
Mines
Pickle-Crow
Gold
Mines
1
Pioneer Gold Mines of B C
X
78c
1.19
18c
Mar
14c
10,500
July
14c
July
10c
14c
12c 14 %c
1
80c
70c
*
8c
4.65
75
22-
1
90c
Ltd
common
18
665
1.40
91c
2,550
5.10 Apr
69
T
,
Mar
21
Apr
22% May
Jan
1.77 Mar
1.20
90c
79%
Apr
1.63 Feb
July
18
18%
105
15% May
19
20%
160
18
20% July
100% 101%
70
99
16c 18 %c
—
1
8,800
16 %c
•
11%,
11%
12%
1951
Jan
101%
Feb
Jan
41c
Apr
18
4.20
4.40
1,612
6
Apr
68% Jan
16 4 Apr
3.3Q Jan
39 %c
40c
5,000
35c
15c
18c
5,100
3%c Jan
34
34
$500
90'
_5
•
4.20
,
14
Jun
95
,
390
:
July
Feb
8c
1,404.
90%
- r
17.%
—100
lT.,
4.50 Jun
11,000
Apr
1.05 May
20
•
Combing
Wright Hargreaves Mines
1,920
505
Jan
32c
July
90c
*
Steel Products
6% Jun
2.59
Jan
70c
76
Jun
16% Mar
12c
22%
Jun
Jan
8,250
1.33
Malartic
12
156,800
75
22-
1.35
Apr
4.75
4.70
•
1
3%
1.85 Mar
80c
•
July
July
18
*
5.00
Jun
"
Mines
J
\
Ymir Yankee Girl
•
18 c
•
65c
Jun
.>
May
25c
Feb
Bonds—
'
Uchi
1
6s
2
'
;
.
34
Montreal Stock
Canadian
32%
35% May
Apr
Last
STOCKS-^
4,000
5c
Feb;
16c
37c
Jan
87c
May
July
87c
72,900
1.55
725
1.06 Jan
4.10
3,075
2.40 Jan
6.05
6.40
400
4.35 Jan
75c
75c
2,000
70c
Jun
33c
18,800
25c
Mar
1
21%
21
21 %
520
Co
Gold
^_1
Voting trust certificates
Power
Corp
Premier
Premier
Pressed
•
Gold
Mining Co
Trust
1.25
300
98c
Jan
1.01
1.10
3,400
8lc
Jan
10%
10%
10
1.55
East
__
•
1
1.61
2,700
100
Dome
Purity
Mica Mines
Flour Mills
48
Mar
€0
2.75
13% May
16
2.75
2.85
8,070
2.45 Jan
48c
48c
48c
500
36c
22c
22c
24c
3,000
15c
7
71/2
235
44%
45%
183
L)
A__
common
Roche Long Lac
Class
A
90c
2,500
85c
July
5,167
18c
Jan
40
•
%c
33
38%
42c
3,000
Corp
common
4,200
18%
265
20
20%
345
34%
34%
34%
285
3%
24
24%
200
4.65
4.70
2,350
150
Sand River Gold Mining
1
9%c
9%c
10c
Senator Rouyn, Ltd
4,000
1
66c
65c
68c
II,100
:
For
footnotes
see
page
492.
36%c Jan
15
Jan
19
May
28% Feb
.*
2%
Corp
Jan
19
Aur
Mar
Jun
18
Jun
Feb
161
171
July
•
Preferred
Canadian
•
week
—*
22
Jun
Jan
24
May
9%
Jan
13
Jun
119%
Jan
126
July
15
Feb
16
10
£
Canadian
Jun
Jan
I' 11%
17%
Jan
Celanese
Feb
27% July
July
8%
viti*
•
ii
Ml
j
16% July
Jan;
Jan-
'
Jun
Jun
4.90
Jan
5%c
Jan
18c
Mar
31c
Jan
Canadian Locomotive
1.45
Apr
Canadian Pacific Railway...
Canadian
Foreign
Canadian
Ind Alcohol
Investment
—
•
•
f
23
Jun
Apr
Jan
59
Jun
May
50
July
27% Mar
26% Jan
28
Feb
Jan
47
Mar
6%
Apr
10%
6%
Apr
26 V2
*
L*
Jun
32
46
•
,
common
Jun
14%
Mar
28
25
4
29%
51% July
•41%
46
100
common
>
38% May
.10-
•
common
22% Mar
Cottons
•
Jun
46%
27 %
.44%
r
Apr
Jan
Jan
40
*
1
Apr
12
10%
:.Jan
7%
25
Canadian Converters
"B"
.
—
•
Jun
Jan
"We
59 intend to publish them
bIII• in next Monday's issue.
Bronze
Apr
Class
}rf
current
Jun
Jan
17
the
4%
Jun
18%
*
—
26%
Jan
May
Jun
July
16
5
Power
18%
•
18
2
——We regret that we were
Foundries common.
torced to -go to press
preferred
Canadian
Jan
21
•
Canadian Car & Foundry common
May
27%
11
Dredging
Northern
Feb
*
*
Jun
July
Jan
14%
15%
"A"
Jan
Jun
26%
•
~
Jan
4.05
105%
13
100
Preferred
18% May
127%
Jan
Note
Power
65c
35
19
Apr
Jan
20
"•
«*
Catiadiaa Breweries common--
New
3%
m
Jun
July
28c
Jan
14 %
1
Preferred—without the figures for
Canada
July
Apr
ll%c Jan
Bank
Canada Steamship common
5% preferred
Canada wire & cable "class
Feb
35
> 18
__
70c
May
114
94 %
,
B
Canada Iron
10% May
41
20
24
1.39
100
Apr
100%
*
^Preferred"6"' c°""n°n
Jun
Jan
3,200
Columbia
Bulolo Gold
Jan
Mar
18%
•
46
Jan
90
112%
100
Building Products 'A'..
Jun
34
46c
American
Class
Apr
31
43c
Ltd
Bruck Silk Mills.
Feb
10
43 %c
1
July
British
British
Mar
100
15c
50
Mines Ltd
-
22%
Jun
33
15c
10
pfd
San Antonio Gold
37c
8%
14 V4 Mar
Jan
.
•
Bell Telephone Co of
Canadg
Brazilian Traction Lt & Pwr
Jun
40
15c
•
Russell Industries common
Mar
8.50
10
Royalite Oil
40c
85c
1
'
Feb
May
8.05
1
Rouyn Merger Gold Mines
Royal Bank
41
60c
90c
•
.
6 Ye
common
High
LOW
9%
/
3.45 May
Mar
8.40
1
Range Sinee January 1
High
100
Bathurst Power & Paper class A
Apr
May
1.98 Apr
15
•
Regcourt Gold Mines
Riverside Silk Mills class
Lawrence
12%
75
1
Low
100
Aluminum Co of Canada
preferred
Amalgamated Electric Corp
Asbestos Corp
2.00 May
1.65 May
*
Queenston Gold Mines
Quemont Mining
St
22
54
__
(P
1.01
45c
13%
1
Aluminium
Jun
54
common
Share*
7.10 July
13%
Preferred
Robertson
Apr
Jan
4.45
,
13%
'
for Week
common
preferred
Algoma Steel
Apr
1
Mines
Prospectors Airways
V Purdy
7
1.15
1.75
1
Metals
Preston
18% Mar
1,20
1.01
Sales
Range
of Price*
.
Apr
30c
River
6%%
Works Ltd
Agnew-Surpass Shoe preferred^
Jun
64c
31c
Rouyn
Glove
Week'*
Sale Price
,
44c
4.00
__
Acme
Exchange
Fonda
Friday
Jun
Jan
76c
4.05
2.12
July
75c
,
«
6
.1
Preferred
Jun
8c
1
Powell
<
Jun
2,028
1.27 July
29
25c
1.50
■
'
4
13%
Feb
10,200
1
Powell
,
30
12%
Apr
21,000
r
Porcupine Reef Gold Mines
/,
4%
13
Jun
67 %c
•
Jan
Porcupine Peninsular
V
46 % Mar
•
Per
Page
;i
July
4%
14c
8% July
-'fit * ;'"K '"'---'.i'
<■
Oils
Pamour
■
40
630
Apr
Apr
1
7,550
22,100
41,300
Pacific Oil & Refining
..
240
61c
Mar
29c
Pacific Petroleum
t
44
May
Apr
48c
Pacalta
'
22
5,600
;
9% Jun
16% May
36c
6% July
3.90
30c
it
f
3.15 Feb
Feb
•
Ottawa
w
Jun
7% May
590
5%
com
Apr
May
23,957
2.00
Oils
Feb
48c
108
1.63 Mar
•
Orenada
•,
%c Jan
19
5%
Wool
May
Apr
Apr
Apr
Apr
Omega
'
54%
100 "Jan
1.40
Apr
36 % May
50c
1.95
Wiltsey-Coghlan Mines
Winnipeg Electric common
Feb
Okalta Oils
O'Leary Malartic Mines
r
24
3.05
Feb
July
59% Jun
Mines
Canada
North Star Oil
u Preferred
j,
80c
12 %c 12 %c
1
Mines
Northern
90c
1
Norgold Mines
'
■
I
Jan
28%
52
Jan
18%
5%
Yellorex
Norbenite Malartic Mines
25% May
44
'
4%% preferred
3.00 Mar
Feb
Mar
41c
.*
<*«*
»
July
5.65 May
88c
1,140
46c
20
Jan
90c
4,925
8%
1.96
Westons
May
Bidlamaque
Yellowknife
1.63
8%
1
West
Apr
1
New
Nib
12
•
Wasa Lake Gold Mines..
Jun
•
Negus Mines
2,700
1.50
18%
I
;
Preferred
July
22%
25c
8%
50
Waite-Amulet Mines, Ltd
Walker-Gooderham & Worts
July
17 % Mar
.
20
104
•'
10
;25
104
Apr
51c
5,650
33
52%
1.50
*
Steel
Western
15c
2.20
33
w
$1
Vicour Mines
Jun
10%c Feb
1.91
52%
25c
—'
May
4.05 Apr
3.45 July
3.50 Jan
10
•wW1
___25
Vermilata
Mar
12
1.91
21%
16%
n
10,400
'
Jun
20c
"55
(4,997
-
Ventures, Ltd.
Apr
57
*
63c
•
B
Oils
United
Feb
National Steel Car
;
United
Jun
Jan
4.70
»60c
21%
100
Jun
Mar
20
4.60-
60c
■
Jun
.
Upper Canada Mines Ltd
May
,Jun
Apr
6.90 May
Jan
15c
8,350
-
Class B
16
Jan
37c ' Jun
Jan
2.35
'
Union Mining
United Corp class
33c
1.99
333
•
common
Jan
Jan
17c
1,655
62
..1
Grocers
National Sewer
75c
•
•
Mosher Long Lac
.!
12%
500
Oils
Jun
39c
Feb"
4%c
/
35 %c Mar
Jan
18% Julv
20c
300
Feb
3.20
1
'
1.85 May
8c
Apr
17c
3,560
Model
1
'
15%
2,500
3.35
2.25
•:
Jun
Jan
3.05
Union Gas Co
67% Mar
16c
24,200
17c
Mining Corp
■f.
19c
35c
7%c
•
Feb
Jan
22%c Jan
300
17c 17 %c
•
2.*0
25
31c
50
Traders Finance A pfd
Transcontinental Resources
Jun
Jun
4%c Jan
8,000
2,500
14'/8
12
107%
Jan
May
1.35 Mar
3,500
23c,
27c
13,210
3.05
•
!
Towagamac Exploration
July
59%
3,900
80
2.98
18%
2.25
»
Preferred
United Fuel class "A"
1.59
77
Mar
1
Toronto Elevators common
Jun
8c
255
21c
•
Oil
62%
27c
*
Mercury Mills
Mid-Continental
8%
105
1,500
Mclntyre Porcupine Mines
Apr
72
J
-
Toburn Gold Mines.—
I
v
pi
-•
v
7%c
——
1.09 May
8% Mar
16% July
50
35c
-
Tamblyn - (G) common
•
Teck-Hughes Gold Mines
1
Thompson-Lund Mark Gold Mines—*
Tip Top Tailors common.
1
•
Apr
15 %c
*3% Feb
2.92
V*
16% Feb
Jan
80c
87c
.
18
1
Contact
Sullivan
2.85 May
3.60
3.85
210
200
78
*
Sturgeon River Gold
Jun
2.65
1,325
7
-
78
78
2.95
•
-
preferred
Sudbury
2.09 Mar
4.20
74%
:-y
25
Feb
165
2,600
3,535
••
■'
Jun
27
4.10
Feb
•
1.33
64c
9% July
5% Jun
*
2.95
•
common
Apr
Brothers
1.25
53c
Jun
1.84
Stedinan
Feb
26%
55c
16
Jan
Apr
48c
July
1.23
2,385
9%c May
Jun
1.25
9%
X
1
Jan
15
•
8%
1.25
1
Marcus Gold
3c
,
365 f
4%
26%
—
7,000
3,300
■
Feb
Mar
9%
X
•
7c
25
•
1.50
Apr
44c
-
Chemical
r
Maple Leaf Milling Co
.>•' Maralgo Mines
■;R4c
Jan
Standard Paving common
Preferred
"
■
90c
Mar
23
10c
Jan
35c
Standard
4.50 May
3.40 May
•
7c
15
Apr
1
Gold
Fields
Jan
50c
•v
17
15% July
44c
MacLeod-Cocksnutt Gold Mines
t
58c
*
8,900
Apr
Jun
45c
4.15
May
19 %
101 %
100
9,840
24-
"
•
9c
25c
5,500
1
^
15%
16,500
Ltd
Mines.
15%
300
-1.45
Sy 1 vanite Gold Min—
v
24
1.40
43c
•
July
May
May
%.
15%
3c
Yellowknife Gold
Lynx
Feb
100 100
1.45
1.15
X-
100
15%
5,567
*
18%
•
6c
Goldfields
Apr
18%
•
•
1.38
Class "B"
Louvicourt
10 %
Sturgeon
5c
•
11
May
Co
1.35
A
May
9
Springer
1
class
9
76
Southam
4,000
Gold
Groceterias
100
10
100
Stuart
Loblaw
11
10
Jun
13c
July
11
May
30c
Mar
10
7.25
13c
Jun
1-43 July
82c
11
100
Gold
20
Jan
July
m
9.15
15%
1.85
1.06
63c
1
High
Feb
*
new—
Jun
5c
•
3,339
Jan
1.36
Lingman Lake Gold Mines
Little Long Lac Gold Mines Ltd
3,400
70c
6.25
—...1
...
1.40
63c
6.15
26 %c
...
„
1.35.
69c
January
Low
16%
24% Mar
36c
Mines
Gold Mines. Ltd
Leitch
'
1.38
preferred
Bladen
24 %c Api
17%
210
—1
Mines
Range Since
High
19%
Siscoe
Jur,
1.76
Jun
Gold
Dairies
Low
19%
Simpsons Ltd class "A"
New 4%%
preferred
23% July
1.05 Mar
150
3
L-. Lapa Cadillac Gold Mines—
6.75
—*
.1
X
Lamaque Gold Mines-
Share*
■'•V
May
12c
535
•—*
Mines——
Luz
20%
for Week
•
50c
Gold—
1.00 July
1.35
Jan
14c
Jun
Shawinlgan
Sheep Creek
South
Shore
Lake
Sale*
Range
of Price*
Par
Jun
15%
Jan
65c
1.20
1
t,
Week'e
Sale Price
STOCKS—
I
High
59c
July
65c
X
& Exploration
Lake Fortune Gold Mines
35c
3,500
1.17
22
.
Dufault Mines Ltd
Lake
37c
65c
1
—
27
Last
Range Since Jansary 1
High
350
.
JULY
Friday
Shares
13%
1
1
Gold Mines
Kerr-Addison
Kerr
370
ENDING
for Week
Low
1
i
——
Range
of Prices
Last
Sale Price
19.
MARKETS
LISTED
WEEK
•6 Sale*
Week's
Friday
if;.
" ■TOCKS—
.
FOR
Monday, July 30)
33
Jun
-
-
v;
9%
Jun
Jun
15% Mar
35
Jun
11%
20%
Jun
Feb
Number 4407
Volume 162
THE COMMERCIAL & FINANCIAL
CHRONICLU
CANADIAN
RANGE
Friday
Week's
Last
stocks—
Ov
/
.
■■
V.:
Consolidated Mining & Smelting
Consumers Glass
Low
Low
49
Jan
70
iinitei
May
33
Jan
40
Jun
42%
29
•
Jan
Feb
25
_«
common
Preferred
Dominion Steel & Coal B
Preferred
-
_.
.—
Textile
pmerred-
Jun
12%
12
Jan
Jun
18% July
111
72 /Jan
Jun
British American
Co Ltd
79%
Columbia
Brit Columbia
common
| Preferred
&
27 %
Feb
30
Mar
Jan
25
Jun
Canadian
*
10%
100
common
Feb
13 %
15%
100
105%
Jun
Catelli
Food
Neon
•
Gold
Mines
Paper
Preferred
Hudson
•
21
-100
110
common
—
Bay
6% Feb
11
Mar
5
—
Mining
•
8% Jun
13% May
Jan
.24
Apr
112
•
Imperial Tobacco of Can common
9
Industrial Acceptance Corp common—*
Preferred
:
—100
forced
international Bronze common.—
the
Preferred
I
u—
We regret that we
to go to press
without the figures for
.*
25
35
Mar
Paper common-.——lft
Preferred
Jan
12%
Feb
David
16% Jun
Jan
24%
Jan
&
International
Jan
Power
common
/Preferred
.—*
May
108 %
International
A
26%
Jamaica
Public Service Ltd common—*
the
Lang (John A) & Sons Ltd
Laura Secord Candy————
Legare
11
preferred
Ltd
*
class A
*
3
12
Feb
Foreign
Jun
Fraser
18% Mar
17% May
Feb
18
July
Jun
20
8% Mar
Oil
McColl-Frontenac
Mitchell
9%
Jan
Jun
Power
Hillcrest
Jun'
26% Feb
Montreal
Lt
Loan
Ht
&
Pr Cons
•
Mortgage
Montreal Telegraph
Montreal Tramways
Murphy Paint Co preferred
25
25
Mar
40
42
Jan
43% May
100
22
Apr
28%
&
Can
Sec
Colliers
20% Mar
Feb
30
Jan
100
105
May
National
Breweries
common
•
37
May
National
Steel
Corp
•
Ltd
Corp
17% Mar
*
20
Apr
26
Jun
•
50
Jan
59%
Wire
Weaving
Noranria Mines Ltd
-.'''f-'.*?£ X-vi.
Ottawa
•
common
Aircraft
Car
Preferred
Feb
22
Jun
5%
Jan-
8%
100
,
28% Jun
24% Mar
*
100
Jan
6%
cum
2
>
it
Lake
Penmans
Placer
Ltd common
Development
*
50
(John)
St
John Power & Paper
Jan
•
&
Paper Co
Maple Leaf Milling preferred A
Massey-Harris Co Ltd 5% pfd
Melchers
Distilleries
May
[
*
Jun
Jan
36
Jun
i
6% May
22% Jan
Jan
Power
21% July
28% July
preferred_100
105
Feb
*
common
2% Mar
9% Mar
12
July
*
Co
*
Ltd
25c
Reliance
22
Jun
7
Jan
12%
Jun
Price Bros & Co Ltd—
.*
32
Feb
Provincial
*
Aviation
Flour
Ltd
•
12
9% Apr
15%
Regent Knitting common
—
Preferred
Paper common——
St
Lawrence
Class
A
Corp
.HUIB'SB
Jun
5Q
St
Lawrence
Flour
St
Lawrence
Paper preferred—100 '
Sicks
Breweries
—•
We regret that we Were
sra°™m„annada com—forced
•
common
...
to
go
to
.
„
press
-
Without the figures for
Southam pressthe current week. We
Simon
(H)
SKFE?
Steel Co.
*
& Sons common
of
Canada
common
Preferred
Grain Co Ltd
13
65%
Jan
14
Jan
red pfd—100
46%
Feb
8%
Jun
Sarnia
July
July
*
15
Apr
96
May
common
Bridge Co Ltd
Canada
6%
pfd—100
107
July
4% Jun
Standard
Chemical
Stores
Corporations class A
Ltd
Jan
-Jan
8
*
Class B
Canada Ltd
Jun
Jun
Windsor
68
Jan
Woods
Feb
20
Jun
Mar
:25
Jan
22% Apr
16% Jan
32
Jun
Arno
26
Jun
v-
-
15
Jun
16
Jun
10%
Jan
14
Hotel
Ltd
Walker
Weston
Wilsils
Gooderman
(George)
&
Winnipeg Electric
Aldermac
Copper Corp Ltd
tellers Ltd
30c, Apr
8% July
14
July
30
21%
Jan
Jan
Jun
Jan
Jan
11% Mar
Jan
33
7
July
8
Feb
Feb
9%c July
19c
Jan
3c
Jan
23c
Mav
1
10c
July
12c
Feb
-—-1
75c
Jan
1.80 Apr
1
Jun
Aumague Gold Mines Ltd—
Jan
75% July
Beaufor
Apr
80%
Bonville Gold
■
58
Jun
Gold
Mines
Ltd
1
Oj/jtVf .i'!/
8c
Mar
Apr
22%
Cartier-Malartic Gold Mines Ltd
1
18
Jan
20% May
Central
Cadillac Gold
1
19%
Jan
22
Jun
Central
Remaque Gold
Jun
Century
Jan
Jun
60c
Jun
6c
Jan
27c
May
6c
Jan
18c
May
4c
Jan
54c
62% July
21
6%
Jan
35c
Mines
*
14%
Feb
75
Jan
91
July
23
*
common
Jun
Jun
Feb
29%
——•
Mines Ltd
69
100
10
110%
Mines—
74
*
common
Preferred
/July
8
•
*
pfd
'
May
20
100;'Mar
4
''
*
*
Worts
common
Ltd
50
3%
100
Manufacturing Co
Jun
17
*
Ashely
*
Cotton
July1*
Mar
106
28% Feb
•
United Distillers of
Bouscadillao Gold Mines Ltd——i
Wabasso
Jan
5
*
*
common
38
22
6
107
!
.
Thrift
29%
Jan
16%
.
22c
United Securities Ltd
Jan
"'",t
It! Jl I t ll'HillOilllll'llillll
*
Power
14% July
Jan
Jan
6% May
36% Jan
Southmount Invest Co Ltd
next Monday s issue.
.
m
Jun
Jun
Mar
99
———*
1 intend to publish them
*
25
July
35
•
United
33%
>
Jun
25c
Feb
12% Jan
Jan
58%
*
Shawinigan Water & Power
24
Jan
17% Jun
2% May
18% Jan
common—.——*
Mills
13
Jan
11%
105
100
preferred
Jan
22
*
Saguenay Power preferred
Feb
10%
*
25
14%
6%
3%
100
50
Mills
Preferred
Southern
Roliand
Jan
4% July
Jun
10%
57%
fTII.UJ 111 Mill 'fJTI I I..I
37% Mar
Transport
107
July
10% July
*
N.C.
Quebec Pulp & Paper 7%
18% Mar
Quebec Power
Jun
.
Jan
Mar
Corp of Canada 6% 1st pfd
part. 2nd preferred
6%
Purity
•
Corp
30
18
Paper
Power
8% Mar
22
Ltd
Ontario
';/■
24
*
10
&
•
.
23
Montreal
61% July
18% May
of Canada
Power
49% Apr
'
100
Preferred
Minnesota
Jun
July
July
29
6%
7 '
Jun
1
Power
Feb
y
22
(Alfred)
MacLaren
Jun
Jun
75c
49% July
*
Royal Hotel Co
101
14
Powell River Co
July
4
Jun
2.00
43
4% Mar
Refrig & Storage 2nd pfd__20
Corporation Ltd
•
Jan
30%
Jan
Jan
50c
Moore
Jun'
57% Mar
1
Jan
30c
Mount
99
—*
July
34%
Jun
28%
*
new
Feb
7
25
*
Jan
8
11%
4% July
3% Mar
*
preferred
conv
Mar
y
39
|-i
•
Ltd
22 i* July
;
Labatt
Noorduyn
Page-Hersey Tubes
Jun
Foundation—
Montreal Island
Ottawa Lt Ht & Power common
Jun
May
41 %
.
Ogilvie Flour Mills
11%
12%
35% July
Jun
Niagara
v•:*».
•
A
Ltd
Limited
McColl-Frontenac Oil 6%
Car
Jan
19% July
24% Apr
105
Mar
Hydro-Electric Securities Corporation.*
International Paints (Can). Ltd A
*
Lambert
Montreal
15'
7%
Feb
29
22% May
Brewery
11 %
23% May
(Robert)
Molsen's
13%
of
Comnanies.
Investment
Massey-Harris
Jun
July
Jan
9% Mar
*
31
15%
25
18
5
5
Ltd
(i." Jun
40
;
41
•
Limited
Jan
Feb
Feb
•
100
Co
Feb
12% July
30% July
July
15
•
Paper Co Ltd
Motor
20
3.5%
•
Woollens
Aircraft
2.00 May
Jan
30
20
Fleer
May
Jun
Jun
12% July
1
35
5%
7%- Jun
10%
30
I Ml net
Aircraft
Jan
Jan
18
Jun
Jan
Feb
Jun
*
Fanny Farmer Candy Shops
Jun
Jan
16
13
50c
49 %"Jan
Fee
60c
»
Fairchlld
113
Jan
11% May
Mar
21c
July
24% Mar
Woods Milling; common—*
week.
Class B—
Ford
Lake of
current
July
July
;
42
press
Apr
38%
108%
Utilities
to
in next Monday's issue.
24% Mar
27% May
Jan
100
go
without the figures for
ZI.II*
Donnacona
21%
to
12riJun
Jan
33
Jan
Ltd-——*
Co
55 *1 Mat WC were
forced
3%
Dominion
Apr
Mar
8%
32% Mar
21%
119
6%
39% May
97%
Feb
We
Jan
Jun
Jan
Jan
115
we w^re
intend to publish them
Jan
Apr
18 %
55
the
31%
May
71
*
29%
16
105
Apr
Mar
•
Eastern Steel
International Petroleum
We reerpt that
*
common
Jun
8
50
13% July
27%
Jan
100
—
Leather
1.25
Jan
Apr
46
100
com
Jun
Jun
6%
loo
Frere Limitee
Jan
Mar
vj
4%
4%
•
Dominion Engineering Works Ltd
Dominion Malting Co Ltd
Dominion Oilcloth & Linoleum
Dominion Square Corp
101
We
intend to publish them
in next Monday's issue.
Int Nickel of Canada common—,—"
international
week.
current
13%
were
40c
common...'
Advert
Alcohols Ltd
Jan
»
preferred!
Ltd
13
2
100
General
168
Jun
•
-
Consolidated Paper Corp Ltd
cub Aircraft Corp Ltd
Davis
Imperial Oil Ltd--,—
1
Jun
15 ?>Apr
Feb
10
*
com
26%
Jan
159
Feb
Jan
30%
*
common
Products
Jan
11%
100
Preferred
Jun
July
4.15 May
75
Jun
22% Mar
1.00
_
Paper Inv
Cassidy's Limited 7%
Commercial
Hamilton Bridge
&
45
Jan
147
Jan
••
Westinghouse Co Ltd
Claude
12
Jun
July
45%
Jun
2.30
•
—
preferred
Jan
17%
Jan
July
25%
33
36% May
*
5% preferred
Canadian Vickers Ltd
105% May
Jan
8%
Power
Canadian
9
Jan
Mar
144
Jun
Apr
102
•
Jun
101
101% May
.*
preferred
Jan
97
25
_ioo te| UUidSlMO iU.MII III I
Dominion Sugar
Canada Vinegars Ltd
Canadian Industries class B
9 % May
MUJ.ii'illlib,!,
l
Canadian Light & Power Co
Canadian Marconi Company
Jan
High
Jan
23%
*
Jun
20j/2
100
,
•
100
Co
Jun
6%
Low
i!'if'llflfllfff
Pulp & Paper Co Ltd—
July
•
common
Wares
Smith
Ltd
11
*■
Gypaum, Lime & Alabastine
Howard
Packers
164
*
Range Since January 1
High
8
Preferred
Canada
Low
•
I Common
Brown
7%
Power
preferred
;5%% preferred
Hollinger
Oil
Feb
161%
Shares
«
8% May
100
5%
General Steel
Ltd
Jun
32
—
Foundation Co of Canada
5%
13%
Jan
109% Mar
«
Heating ProductsPlayers Canadian Corp
Gatineau
Jun
Jan
7% Mar
«
100
&
Famous
16%
914
.25
common—
—
Dryden Paper
Enamel
11% May
27%
35
Dominion Tar & Chemical com—.
64% Jun
36% Jun
for Week
of Prices
Par
Brandram-Henderson
British
Dominion
Sales
®an*e
Sale Price
STOCKS—
High
•I
a,,
Week's
La#t
-—•
Dominion Coal pfd—
27
Range Since January 1
High
—-•
Dominion Bridge
Dominion
JULY
Friday
Shares
6
Distillers Seagrams com
Dairies
MARKETS
ENDING
for Week
of Prices
Par
LISTED
WEEK
Bales
Range
Bale Price
FOR
4911
Jan
28
Mining
Ltd
Mines
Mines.
1
suiiivan
?■ '
Jun
60c
May
Jan
10c
Jan
45c
May
52c
Apr
7.00 May
4.90 Feb
6.10 Jun
nro««
current
week.
We
?ormad;edGoWCZ"'"!!_"d::::::u
intend to publish them
Goidora
in
Mines
if^
the
1
Mines
we were
in
33c
vn
Without the figures for
Jun
East
in
"Apr
I0.\?ea «> &<> ™ press
1
Ltd
Corp
We regret that
fnmnH
51c
—l
next Monday's issue.
1.25 May
30c
July
1.75 May
36c
July
Banks—
Jan
16% July
Canadienne
10
15
Commerce
10
14
Jan
17%
Jun
Montreal
10
16%
Apr
19%
Jun
Royal
10
15%
Jan
18% July
Heva
Cadillac
J.-M.
Consolidated Gold Mines Ltd—l
Joliet-Quebec
1
New
Calumet
Normetal
O'Brien
Pandora
Mining
Gold
Cadallic
Red
Funds
Slscoe
Sales
Last
Range
for Week
Sale Price
stocks—
Par
Abitlbl Power & Paper common
6% preferred
7%
preferred
Acadia & Atlantic Sugar
•
of Prices
Shares
100
100
100
Low
Gold
Gold
Stadacona
Btandard
Range Since January 1
Low
High
2% Mar
44
Mar
144
Jan
17% July
High
5%
Jun
Ltd
Corp
Ltd
Gold
Mines
Mines Ltd—
Mines
Mines
Mines
Ltd
Ltd
1944
July
Feb
Feb
79 %c
'"V'MSrtilTWMMllMtll
July
35c
6c
Jan
25c
Jun
5.60
21c
.rH ilXlIjliSLllil
Apr
44c
4.75 Feb
'
Feb
3.80
65c
July
July
.
July
Apr
80c "f Mar
———*
Sullivan Cons Mines Ltd
1
Wasa Lake Gold Mines
1
65c
Jan
60c
Ltd
Gold
30c
10c
1
1
Apr
"July
2.25 Jan
1
-1
28c
64c
1
*
Jan
25c
/
1
Mines
1.50 May
7c
*
Ltd
Gold
7%c Jan
1
64 Vic :Apr
13 %c May
Mar
43c
Apr
1.00 May
Jan
3.80
1.50
1.30 Jan
90c
1.05
May
Apr
Apr
1.37 July
Jun
62%
1
Dredging Ltd
Sherritt-Gordon
Week's
Friday
Crest
1
5
Mines
Quebec Yellowknife
Canadian
.
Mines
Cons Gold
Pato
Montreal Curb Market
Ltd
Mines
Kirkland Gold Rand Ltd
20 %c Apr
3 %c Jan
*
170
Jan
17% July
OilsHome Oil Co Ltd—
Homestead
Oil & Gas Ltd——
—*
1
3.10
Jan
4%c Jan
4.25 Mar
18c
May
THE COMMERCIAL & FINANCIAL CHRONICLE
492
Monday, July 30)
1?4j
OVER-THE-COUNTER MARKETS
Quotations for
Friday July 27
For Quotations on
Specialists
Real Estate Bonds
rn
'■
.tu¬
OVER-THE-COUNTER
Finn
Shaskan
SECURITIES
Co.
&
Members New York Stock
Trading Markets
Exchange
Exchange
Members New York Curb
»
in
250
ACTIVE
40 Exchange Place, New York 5, N. Y.
ISSUES
Tel:
120 Broadway. New York
Wabd&CO.
Tele. NY
DIgby 4-4950
Wires to BOSTON
—
HARTFORD
Reorganization Rails
(When,
Bonds—
Investing Companies
American
r-
Inv
Bond
7%
Series
K-l
20.80
Series
K-2
17.26
33.59
;
Co Inc
—
S-4
32.52
35.16
Loomis
Sayles Mutual Fund—•
106.04
108.20
Loomis
Sayles Second Fund—10
45.47
20.02
3.55
31.40
10.41
.
33.76
10c
9.87
Investors
Trust
1
24.98
Investors
2d
1
12.60
13.44
Common
6.14
5.65
Mutual
—I
Nation-Wlde
19.44
21.02
6.35
7.25
Balanced
National
15.26
16.32
Low
Inc
:
•
.Financial Industrial Fund, Inc.
First Mutual Trust Fund
0
Fundamental Investors Inc.—2
.-Fundamental Trust shares A—2
23.75
25.58
2.05
2.25
Bond
14.67
6.41
7.16
6.33
New
St Louis & San Francisco
Seaboard Ry common
Income 75-year 4y2s
86
88
f
Francisco—
39.08
Automobile shares
6.08
6.02
Preferred
9.36
10.28
7.92
8.71
10.60
11.12
-Institutional bond shares
—
7.80
7.27
22%
Jersey Insurance of ft Y-
28%
31%
5
12
13%
Maryland Casualty.
Massacnusetts Bonding
8.50
American Equitable
8
17%
18%
4.79
American
9.85
American of Newark
6.60
American
14.67
American
Reserve
10
17%
Surety
29
65
10
39
8.10
16%
60%
63%
Baltimore American
2%
9.87
> 12.23
13.44
9.23
Amer
1
Republic Invest Fund
6.77
5.44
5.31
Sovereign Investors
Fund,
Inc
Inc
1.59
1.74
8
26.58
2%
Utilities
102.60
11.51.
1
...
12.55
6.74
7.38
2.51
2.89
62c
69c
52c
"I' ' Aviation Group shares
Bank Group shares
*
Insurance Group shares
1'
Stock and Bond Group shares-
14.18
85c
95c
25.18
25.97
Bond
Series
A_
series
B
Series
Fund
-
C
of America—10
49
14.58
A First
14.90
Boston
'■
18.56
5%
5%
10
43%
45%
Northeastern
67%
Northern
Rates
VV'/■
'
'
Bid
.Xreasnry bills—
ytiAugust 2,
August 16.
are
'
•
.
'
for discount
^ %
,J
y;.
b0.375 0.32%
1945
"
1945
20,
September 27,
b0.375 0.32%
23. 1945
Y.-August 30, 1945
^.September
6, 1945
i
.
.
31%
Pacific
25
99%
Pacific
Indemnity Co
10
Phoenix ——————————10
Preferred Accident
5
57%
62%
35%
85%
89%
12%
14
35%
38%
62
154%
55%
53%
Reinsurance Corp (NY)
Republic
(Texas)
10
28%
10
93%
97%
Revere
10
23%
9
12 %
21%
23%
St Paul Fire & Marine
58
Seaboard Surety
Security New Haven
Fire—
8
General Reinsurance Corp
Gibraltar Fire & Marine
8
164
10
—8
Globe & Republic
6
Globe & Rutgers Fire com—L15
2nd preferred ——————15
American
(Paul)
Hartford
54%
20
Vs
•
-
Springfield Fire
46%
49
8%
-
9%
.
;
•
28%
1945
b0.375
1945-
b0.375
U S
32%
26%
28%
fjj
103%
108%
b0.375
Tel &
Pow
1945
b0.375
SMar 15.
-tDec
15.
1946—
1
1946.i
1%%
4sk
% -100.2
1945
2%s__1980
100%
Fidelity & Guaranty Co—2
100.21
one or more 32ds
100.8
100.9
t7/as Dec.
100.23
100.24
t0.90s
100.8
100.9
t7/aS Feb.
1947L-
XSept. 15. 1948--
——1%%
•••—.
100.29
;
100.30
.
i
;
.
a
3%s__ 1974
105%
Jan.
1,
.
Bid
51%
33
35%
Bid
100 %
Mississippi
Power
3%s
100%
&
1974
100
100%
104
Northern
104%
Portland Gen
105
100%
Mountain States Power 3s__1975
Narragansett Elec 3s
1974
103%
Penn
Ask
Light
———
101%
107%
107
Power 2%s_1975
Elec 3%s
1975
99%
100%
100%
100%
101
101%
Potomac Edison 3s
1974
108%
109
1975
98%
99%
108%
1965
104%
104%
101
101%
Erie RR 2s
-1953
Houston Lt & Pow 2%s
&
.1974
Gulf
99%
100%
Reading Co 3%s_]
Seagram (Jos E) 3%s
Skelly Oil 2%s
104%
105 V*
South
Ry—
.1980
Carolina
Pow
—1965
3s
Sou'western Pub Serv
1975
101%
102%
3%s_1974
103%
104%
99%
100%
Texas &
-1965
102%
103%
96%
96%
Texas Elec Service
2%s____1975
Texas Powfer &
Light 2%s_1975
3%s__4
Pacific
106%
105%
Ry 3%s—1985
98%
98
101%
102%
100%
101
Obligations Of Governmental Agencies
Ask
July
t%s Aug 1,
Ask
Bid
Other Issue*
1, 1956-1946
3s May 1, 1956-1946
101.5
102.4"
102.6
1%S Oct 1, 1950-1948
2%s Feb. 1, 1955-1953
100.'\
100t!
103%
103%
101.7
U 8 Conversion 3?
U S Conversion 3s„
1948
.101%
1947
103%
101V*
103%
1981
Panama Canal 3s
133
134
.0356
.0283
.0387
.0459
.0276
^
1946
1, 1946
1946 w i
.0316
.0375
1946
1946
Ask
if
..0244
.0282
-
.
.0261-
.0333
.,.0371
.0377
.0379
1
-.0297
t7/«s May 1, 1946
f7/sS June 1. 1946
t.09%
f
.
1, 1946
t%S March 1,
t7/eS April 1,
.
51%
49
2.50
Westchester Fire
106
Bid
a
point
1, 1945
lVt%
1%%
tSept. 15,
of
1, 1945
tMar 15 1947—
1947
43%
48%
10
Dollar Price 100 Plus
t7/sS Oct.
tSeofi.
15.
584
41%
4
U 8 Guarantee
100%
Lt
3s Jan.
Certificates of Indebtedness—..
t%S Sept. 1, 1945
100.3
100.20
569
108
0.35%
18,
25
Maturity-
100
37%
:
'
100
——
1975
0.35%
b0.375
October
99.31
35%
121%
'
34%
Ask
Tel
&
Bethlehem Steel 2%s___v—1975
Continental Baking 3s
1965
Birmingham Electric 3s
1974
0.35%
October
Bid
%%
116
10
Recenl Bond Issues
■
Int. Rate
St Marine..—25
52%
i
0.35%
1945
b0.375 0.33%
•
33%
0.35%
4,
Quotations For U. S. Treasury Notes
.Maturity—
tDec. 15, 1945
73%
48%
10
0.34%
11,
b0.375 0-33%
Figures after decimal point represent
70%
10r
■>
Travelers
Federal Land Bank Bonds—
'
25%
91
30% |
,
6%
31
-
'
26%
87
;
tVlo "
12%
Standard Accident
*
9
Fire—_
5%
'
Fire
13%
.—10
Hanover
^
2
0.33%
b0.375
October
■
g
10
106
51%
Ask
b0.375
1945
October
b0.375 0.32%
Fire
Louisville & Nashville 2%s .2003
>
Bid
13,
A,.-
10
Laclede Gas Lt
•:
September
5%
92
88%
52%
20
3%s
purchase
September
b0.375 0.28%
^ •August
■■f
at
12.50
'
Fidelity & Deposit of Md
Kansas Oklahoma
Ask
'
1945
August 9, 1945
in
quoted
' '
5
49%
.
United States Treasury Bills
VitM
5
48%
33%
Conn
y-.
.
if
22%
24%
Light & Power 3s— -1974
Empire District Elec. 3%s_ -1969
Page 475
n:
lit:
14%
2.50
River
29%
10
Vermont Pub Serv
2%s
.11;
...V;
13%
*
20.25
1
y:'""y'y'yyyy:::y
32
45%
8
North
Cent
j*?
29%
10
'
Bid
FOR NEW YORK CITY BANKS & TRUST COS.—See
10
24.92
•wll
,
30%
—10
American
Corp
29%
19.10
1
Co
Casualty——2
10
-
Arkansas
&
6%
185
8.89
22.80
Corporations
ABlalr
;
i 10.30
8.13
Investment Banking
30.43
59
v
.
New Hampshire Fire
New York Fire
22%
V4
56
.
33
-
24.05
9.42
Wellington Fund
15.08
28.04
.1
65
Amsterdam
30
:
New Brunswick
80%
690
9
1.17
13.76
New
20%
1.08
1.06
6
6
175
(Detroit)—10
U 8 Fire
-
22.00
—
Union Common Stock Fund B
15.54
97c
2
20
55c
Union Preferred Stock Fund
U S El Lt & Pwr Shares A
,
10
National Liberty
National Union Fire
Casualty
Providence-Washington
Federal
Great
10.C
28.58
•
Ltd—
Investors Fund O.
100.56
——•
State Street Investment
Corp
Trusteed Industry Shares
25c
64c
lOo
Securities
4.04
Union
52c
76%
10
Glens Falls Fire
Selected Amer Shares
6.34
Standard
investors-
3.68
Scudder, Stevens & Clark
4.82
1
£ommon
16.83
X
5.39
15.65
5%
•4%
•
National
20
1
6.15
5.76
.Independence Trust Shares
2.88
15
Fund
4.94
Income Foundation Fund
7.97
3.14
Trading
(Geo)
—
National Fire
7%
665
10
Employees Group—
Employers Reinsurance
Franklin
Putnam
—
6%
20%
:
Fire-
Fire Assn of Phlla
Series 1956
4.55
55%
Fireman's Fd of San Fran
Firemen's of Newark—-
9.21
v
7.24
1
&
4
;
87
52% V
4%
4
5
12%
82%
42
9
Connecticut General Life
'40
10%
>
19%
8.75
8.37
shares—
Trust
Series 1955
Petroleum
-
Holdl ng Corp.
11.77
5.76
->*; Bteei shares.,
shar
Tobacco shaifes
7.86
■
7.95
^
.
North
Camden Fire
Continental Casualty
Crum & Forster Inc
36%
1
67%
%?
11.30
7.14
:
Railroad
Railroad equipment
Steel
6.83
—
Trfhrnrvm
11.54
10.28
-
4.89
shares
10.15
,
10.50
-
-
4.13
h ,RR Equipment shares
14.48
13.18
Speculative
100
City of New York
98%
18
10
28%
14%
20
Monarch
13%
3%
8.98
5.23
Railroad Bond shares
12 V4
Fidelity & Casualty_S
47%
96
s
12%
Merchant Fire Assur
Merch St Mfrs Fire N Y_
9.30
6.21
shares
Investment Co
20 V2
4
Casualty———.
10.71
8.47
7.70
".Merchandise shares——
£i Mining shares.
Institutional
10
Automobile
Boston
Machinery
7.99
'incorporated
Alliance:
Bankers St Shippers——.—29
Metals
8.57
Low Price Shares—.u.-—-.
L, investing
shares,
American
American
*«k
44%
26%
Fire
10
Insur Co of North America.—10.
American
14.36
8.65
stock
80
12.01
Electrical equipment
Insurance stock
r.r General bond shares
Homestead
49%
76%
Re-Insurance
*14
*
1
'
47%
8.46
Diversified
f, Industrial Machinery shares—
Home
29
13.07
-
9.25
6.51
v,j*,Fully Administered shares—
Par
Hartford Steamboller Inspect—10
54
7.86
7.36
—.————.
—
stock
9.09
7.87
Ank
82%
12.96
——.
8.42
6.08
DiiUv
IIZIZZIIZIZZIio
Life-
Automobile
Diversified Investment Fund-
12.43
Petroleum
Aetna
Aetna
A-V
BI4
Surety
10.93
Aviation
'
-
DIA
79%
51%
&
6.07
11.80
7.46
5.92
■
65
Insurance Companies
Casual
5.95
Chemical
5.52
''
58
33%
63
——
8.07
14.52
1
8.50
11.32
y
24
,
56
8.91
England. Fund
8.27
shares
Food sha res;
n£!l,
60
31 y2
4.25
-
6.78
—
i.
J.(Chemical shares--. - v
^Electrical Equipment-
ruL
29
'
22
com—
Preferred
7.73
-
Automobile
(
v
74
27
58
7.34
series
7.73
^{building shares—
*
72
com
100
San
Building supply
^^Agricultural shares
A Huron
100
Grande
7.05
—
stock
New York Stocks Inc—
Group Securities—
xmiity
Rio
5.48
V
—
series
series
Bank
_
102
&
104
&
Agricultural
Agriculture
•
1
General Capital Corp
General Investors Trust
9.63
29.73
5.47
8.91
11
Preferred stock series
Stock
,
-
15.75
priced bond series—-—
priced stock common-
Low
27.13
#4.37
•
series
Income
■
•Fidelity Fund
Railroad
preferred
"
Preferred
American
——1
1
Industrial
•
1993
77%
99
Louis
Aetna
Security Series—
1.56
*
75%
Par
National Investors Corp
26.14
V'-
5%
•
1st 50-year 4s
St
Securities—
shares
1.42
Aviation
Inc
series B shares
24.45
<fli
Fur.d
Fund
Invest
35e
Howard—
urrBalanced Fund
Stock Fundi
;,v
94
law
55%
53%
3.50
Dividend Shares
■
40
Denver
14.69
Eaton .&
■,
92
2018
13.55
10
100
1
X
11.26
Diversified Trustee Shares—
.
66
38
Common
Grande—
4V2s
1st 3-4s Income
26.86
Mass
Delaware Fund
-
107
10.85
Mass
148
jjTl*
•
105
Manhattan Bond Fund Inc—
143
Preferred
,
25%
64
Chicago Rock Island & Pacific—
2019
4%s
23 >/2
Preferred
Chicago Milw St Paul & Pacific
.
84 V\
4.15
(Colo)
f
Rio
78
—
46.40
18.26
Fund
2, 800
Consol Investment Trust
£.
7.71
Knickerbocker
•
Commonwealth Invest—
•
6.47
6.97
income
Income
14.06
5.83
Securities com—100 ? ,700
Fund
:Christiana
.
12.76
—
S-3
100
1994
Conv
21.41
1
Trust
;Century Shares
rChemlcal
82 V*
Denver &
109.80
1
Fund Ltd
Inv Fund Ltd
Bullock
98
2019
29.79
19.91
B
8
1
2019
1st 4s
101%
Common
106 V*
104'A
4y2s A
4y2s B
Chicago Rock Island & Pacific—
16.13
-
1994
-
Ask
99 V*
4%s
76
Stocks
income
29.11
14.66
S-2
Series
Income
77 '
75
income
26.53
-
Series
Bid
Seaboard Ry 1st 4s
Gen
27.08
Series S-l
6%
6%
100%
Gen
22.77
105.41
•Canadian
«
13.12
1
Broad Street Invest
i
11.95
Series
Fund Inc
'Boston
21.30
B-4
16.05
America
of
Tr
19.39
Scries
31.24
A Common
-
B-3
1st 4s
32.32
6%
I
98%
and If Issued)
Ask
Chic Indianapolis & Louisville—
1st 4s
1983
2nd 4%s
2003
29.74
29.50
14.56
Nat Investing—
Bankers
28.39
—
13.42
Houghton Fund B
rAxe
B-l
B-2
Series
4.52
4.13
shares—
Assoc'ted Standard Oil
lAxe-Houghton Fund Inc
Series
Series
32%
as
Bid
Chicago Milw St Paul & Pacific
Keystone Custr-Man Funds—
5.13
4.69
31 V«
Holding Corp
American Business Shares
AAmerex
9.14
8.33
.1
1%
10
1
Foreign Investlns-10o
Affiliated Fund Inc
*
Ask
Bid
Par
1*
Aeronautical Securities.
1
Ask
Bid
rev
*-
1-953
1-2173 & 1-1288
PHILADELPHIA
—
Bell Teletype NY
2-8700
REctor
Members New York Security Dealers Association
Established 1926
Direct
Phone:
.0430
.0484
,
ro
yEx-righfs
With
thA w
zEx>due
^
bill^
i
P
^
} of the
mer8er. effective Jam 1. 1945, of Doehler Die
e Ex-interest,
f Flat price,
k Removed
Deferred deHvery.
market- s Cash sale—not
included in
range for year,
eho^f «?r!!i^rly Coleman Lamp & Stove Co.; change of name approved June
J f °r °L(1 -Cp,m^on- $5 par common into one-fifth share of new 4V4%, $50
reclasslfied
and four shares of new
ae
stock.
i
—
C
v
x
Ex-dividend.
1945
12.
par
r
each
and
preferred
"
stock
.
-
.
.0538
.0452
L
Caatfn?
.0636
.0149
.0347
furnSedPby ^insor o? iluer."*
b°n** *** SUbJeCt to a11
Federal taxes*
AQuotations
not
Number 4407
Volume 162
THE COMMERCIAL & FINANCIAL
CHRONICLE
CANADIAN
LISTED
MARKETS
RANGE FOR WEEK ENDING
JULY
20
Montreal Stock Exchange
Canadian
Range
for Week
of Prices
Shares
Sale Price
Par
Acme Glove Works Ltd common
%
6%
♦
preferred
Aluminum
Ltd
Co
Amalgamated
•;—
of
Canada
Electric
5%
Bathurst
&
British
American
British
&
*
■.
3%
Preferred
Northern
*
_
Power Corp
*
Steamship common
preferred
Canadian Breweries
Preferred
10%
*
Canada
16%
26 %
150
2
May
280
11
.Jan
577
18% Jan
20%
181
17
12%
295
9%
Jan
126'A
10
119%
Feb
25%
60
10%
1,525
1,015
10%
16%
17
46%
___*
16%
16%
17
*
51%
•
43A
Foundry
22
,,
May
Jun
126'A July
Jan
Jun
27
7%
Jan
10% July
Jan
17%
Jan
46%
Jan
17
8%
New preferred
Jun
Feb
July
Preferred
51
51%
498
44%
40
40
125
38% May
12%
13%
30%
30'A
31
54
53
54
255
46
Jan
59
Jun
__100
169
169
75
160
Jan
169
July
23
23
5
23
Apr
130
130
100
120
Apr
130
July
40
40
65
33
Jan
47
Mar
Apr
10% Jun
25
u
Canadian Celanese
„*
common
7%
_
Rights
Canadian Fairbanks preferred
Foreign Investment...
Canadian
Ind
Alcohol
Class B
Canadian
_*
*
common
Seal
Coal
Dominion
Dairies
&
Coal
Vinegars
Canadian
General
Canadian
Industries
7%
May
33
Jan
38
Jun
42
Jan
42%
Jan
64 y2
Jun
Feb
36 y2
Jun
29
-
Jun
40
17%
*
-
79
17%
17%
505
79
79%
307
163% 163%
*
*
3
12%
72
Jan
79% July
163% July
11
July
*
10
10%
15
15
140
12%
Jan
6
6
180
5%
Jan
24
24
'90
20j/2
Jan
—*
13%
—
-
_____*
common
16%
100
104
104
--
12%
12
102
54
12
12%
21%
22
July
12% July
8% Jun
Feb
680
11
'k Mar
21
Jan
111%
110
110
33%
111
55
Jan
255
2,071
32%
.
..
*
13% May
-
Fairchild
Fleet
Ford
Motor Co
i
Preferred
—
International Paper
13%
13%
2,085
7%
Preferred
Petroleum
Fraser Co
Halifax
Feb
^International
-35
Mar
Labatt
com
International
—__15f
100
Utilities
...
-
1
22%
>
A)
^
Co
Regent
Knitting
Mills
Simon
Breweries
(H)
of
%
Southmount
8
274
July
8
July
12%
22%
22%
886
20% Mar
24%
Apr
United
39%
40
415
37
41%
Feb
44
46
60
Woods
com
.
.1
"Winnipeg Electric
J;
-—
:
Jun
1,149
Jan
59%
Jun
A.ldermac
28
485
24% Mar
28%
Jun
Arno
18%
50
15% May
18%
Jun
Aumague Gold
8
:
*
'
8
footnotes
see
page
492.
5%
80
Jan
8
Bcaufor
Bonville
150
8%
Jan
11%
115
28 y2
Jun
29
May
Jun
150
Apr
146"
:10
14
••
10%
10%
1,205
7
34%
10%
.34%
565
32
11%
16%
11
16%
13
13
.13
.
3%
18% May
Jan
Jan
Central
Feb
103
Mar
Feb
10 y2
105
29 %
Jun
32
Jun
26% July
Jun
16
t
20
22
20
125
22
5
12'A
12
13
1,125
91
91
91
50
-iii-n\<?uiy
30c
,
14
Jan
Jun
14
Jun
69
Jan
76
July
74
Apr
80%
16%
Jan
22 % July
10%
37/s
58
Jan
Apr
'••■6%
63
Mar
Jun
Jun
July
•
'
,
Feb
30
17
Jan
21% J Jun
,-,^an
7
"July
4
Jan
8;
-•<Feb
Jan
11%
34
34
29
Jan
34
10c
12c
Pandora
7'Ac
~
7%c
8%c
1.10
3% Feb
1.10
20c
1
27c
1
Jan
July
.1
Mines
35c
7c
62c
5
Mines.
Gold
Gold
Quebec
Mines
Ltd
1
32
1
Ltd
8c
35c
Jun
60c
Jun
12,500
4c
Jan
54c
May
43c
2,200
33c
Jun
60c
Jun
4,500
45c
May
29c
Jun
;
35c
-
1.05
6%C
7c
1
Senator
Siscoe
Gold
78%
Apr
Standard
22%
Feb
Sullivan
18
Jan
19%
Jan
63A
Jan
14%
Jan
91
Mines
Mines
Gold
Cons
.
62%
32
28c
4,000
1,800
90c
2.95
33
7c
75
18
100
,
Mines
1
Ltd
Wright Hargreaves Mines Ltd
28c -'Apr
24% May
62% July
66
30c
2.25
4,600
10
1,000
900
4.75
July
Jan
v
Feb
21
23,500
July
10c
12c
3,050
22c
1,500
15c
' 67c
6c
700
24c
6,800
60c
73c
5,708
60c
Mar
45c
48c
6,600
43c
2.30
*
2.30
2.45
4.40
4.40
12c
13c
-July
35c :
Jan
70c
Jun
25c,, Apr
Jan
72c
44
37
-
Jan.*
70c
>
Apr
1.79 May
Jun
.
Jun
5.60 July
1.20 Jan"
22c-
Feb
;
3.80
Feb
10c
47c
l
1.50 May
-
Jan
70c
1
Ltd
Apr
Jan
70c
Ltd
Apr
1.40
13%'c May
25c
1,375
3,525
1.50
37
64'Ac
Feb
7%c Jan
2,800
5.60
30
7.00 May
36c
July
2%c Jan
13,100
Apr
—
-
July
20(Ac Apr
14,543
30c
2.75
Apr
67c:
1944
Mines
62c
Jan
52c
22c
•
Rouyn Ltd
Stadacona
55c
51c
Jan
26 %c
800
2,500
28c
35c
10c
100
3.30
1.50
37
*
Rochette Gold Mines
Apr
6,900
5.60
"
1
Red Crest Gold Mines Ltd—
Jan
1.80
4,300
62%
2.85
Yellowgnife
Mines
Jan
Jan
25c
30c
1
1
Dredging Ltd
Gold
Jan
May
'
3c
75c
42c
1.05
1
1
Ltd
Ltd
19c
23c
9%cJuly
200
28c
3.20
—_1
Gold Mines Ltd
8,500
7,500
27c
28c
Mines
Perron
Apr
22
297/8
38c
1
Ltd
Cadallic
Pato Cons
Mar
75
10c
1
Gold Mines Ltd
21
20 % May
July
28%
25
8
Ltd..
Mines
Mines
Calumet
70
.
Apr
July
8%
Mar
100
:
:
Mines
Mclntyre-Porcupine Mines Ltd
Apr
-
Jan
Jan
8% July
215
13c
Jan
100
Jun
Mar
22%'Mar
Jan
5
Jun
100*
-313
20%
15
100
8%
May
5
12c
16%
75
46%. Feb
50
10
20%
22 y2
22%
Jan
Jan
5
1
25
*75
19%
v Mar
14% July
106% Jun
50
'
1
Shore
135
22%
7
Lake
Now
...
19
7
14
Jan;
Jan
22c
160
30
19
65 % ,Jun
Jan
107-i
3,920
13
29%
• .>.
*
Ltd
Mines
O'Brien
*
13
Kirkland Gold Rand Ltd
Jan
255
8%
Jo)iet-Quebec
Jun
Jun
63
8%
July
68
155
13
25
20
July
4%
20
5
8%
96
Jun
13%:|uly
6% May
36%
24,611
13
Jan
J
20%
25c
107
Feb
117
35
•
100
111
23c
Jan
18%
110
20%
Jan
....2% May.;
105
6%
3%
99
:
10
Ltd
Gold
Consolidated
16%
62%
Mines
Feva Cadillac
58%
*
Mines
Gold
Goldora
416
14
60
7%
27c
321
13%
5
30c
1,050
76
78%
22%
22%
5% ; 5%
Gold
Mines
20
75%
580
43%
111
1
.! 100
78%
43%
7%
*
Cadillac
Sullivan
25%
—
43%
1,245
"'/July
14%
7
Ltd
Inspiration Min & Dev Co Ltd
157/a
12
14
106
13'A
27c
East
37% Mar
Corp
J-M
15%
10%
106
11
juiy1
10
Mines Ltd
Jun
565
13%
:' 11%
.5
Ltd
Jun
•
Feb
*
17%
29
57%
27c
Dome
Jun
61
26%
5
1
Jun
12%
19%
-
63'A
*
22
-
25
29
Feb
40C
60%
26%
10%
1
25 %
—
5
610'
*
Co
12
25
4% July
9 % Mar;
75
—100
::
Feb
600
13%
Centremaque Gold Mines
Century Mining Corp Ltd
61 ;«
19%
—
Canada, Ltd
Apr
880
12%
32
i_*
9%
•
11%
13%
*
15 %
3%
3%
Mar '
2% Mar;
"
63'A
——
1,080
107
107
100
350
103
103
11%
.
18% Mar
Copper
Mines
Jan
10%
28%
150
22
100
Mining Stocks
Jun
10%
150
-—
100
26
57
905
*
common
Apr
50
24%
28
28%
10%
*
Preferred
20
1,340
4%
12
23c
Ltd
Manufacturing
24%
90
27%
21% July
•28% July
Jun
18%
*
common
Ltd
17% Mar
1,475
27%
11
'Hlun
16%A/jpeb
.
_*
Securities
21%
997
:_*
Jan
Jan
Jan
*
21
v
—
5%
:
;
46
22
12%
18
10%
100
Class B
56
21%
24%
—
Walker Gooderham & Worts
43% May
25
32
4%
Ltd
Windsor Hotel Ltd
May
13%
21
15
'
'8% Mar
I0%.,,iun
30
13%
97
common
United Distillers of
750
97
Corporations class A
Feb
Jan
28
240'
United
Ltd
26
JT'-
.10
pfd
Jun
9% July
22% Jan
43
Stores
Feb
——*
_.
Jun
Co
July
7% July
23 '" Jun
6% May
325
May
16% Mar
30 rv
-4% Mar
22
9%
>
50
6
Apr
Feb
505
_*
Chemicals
Jun
18%
•
13%
-25
835
" 43 "
Mar
•.
8
42
Thrift
11%
25
...
9%
580
10%
21%
...—*
•
83A Mar
Standard
22%
red pfd__100
Power 6%
46
•
preferred—
common
Invest
26%
*
...-
common..
_
27%
-
—•
Canada
29
,
18%
*
Power..
8
1,388
21
*
common
Canada
United Steel Corp
Wabasso Cotton *
For
Jun
18%
:*
—
Tocke Brothers
Wilsils
Southern
20
23 % May.
——*
common
common..
Preferred
Preferred
Weston (George)
17% May
Jun
Jan
22% May
*
& Power..—
& Sons
Southam Press
Southern Canada
Steel Co
Feb
18%
16
7%
22%
.
Jun
tJ*';Jun
-Jun
28
Jan
21
*
Royalite
15%
25
21 %
.100
Lawrence Corporation common*.;—*
A -preferred
.50
St Lawrence
Paper preferred
—100
Sicks*
18% Mar
25
2nd
Mills
700
Saguenay Power preferred
Shawinigan Water
26%
1st pfd__100
Reliance Grain Co Ltd
Part
Flour
100
1
St
Jun
C
N
24%
*
4
Jun
67c
380
—100
*
109
Quebec Pulp & Paper 7 7o
28%
*
—,
Purity
40
*
preferred
247A Mar
Feb
5
23%
July
30% Jun
^ 2.00
-Mar
9%
*
Ltd
May
18
*
Development
s
24%
100
Power Corp of Canada
Price Bros & Co Ltd common
Aviation
28
*
preferred.
Royal Hotel Co Ltd
Corp of Canada 6%
31
Feb
60
Power
12
Jan
35
Noorduyn
35
Jan
11
Mount
Jun
Jun
19
ll7/8
56
.
24% Mar
Jan
15
122
7 '
Jan
13
Jun
4%-Juh
•
30c
34%
Jun
12%
Mar
25
65
7%
*
113
11%'Jun
8
*
Ltd
Jan
5
15%
30
<
1 —5
Co
7%
*
Refrig & Storage 2nd pfd__20
Corporation
22%
...—*
-
26%
107
15
Mcore
38%
Jan
Jan
175
29%
10%
Ogilvie Flour Mills common
.______*
Ontario Steel Products common——*
Ottawa Car Aircraft—:.——
*
Ottawa Light Heat & Power com—100
21%
27% May.
108%
May
108 % July
24%
28%
___,_*
Niagara Wire Weaving.......
Noranda Mines Ltd..,
Apr
Paper
6
15%
*
common-
* July
3'A Mar
1,055
30
22%
Ltd
Jun
41
2
45
39%
*
Co
18
Feb
9% Feb
175
25%
g
40
Feb
«
90
2.00
38%
6
15%
1
Ontario
&
8
12 %
25
National Steel Car Corp
33
Montreal
16
8
Montreal Light Heat & Power Cons—*
National Breweries common
_____*
—.
Minnesota
18
*
Power
38%
:io:
16
*
Quebec
A
29
1.75
May
30% July
12% July
Jan
2,940
25
Ltd
Distilleries
19
19.
.—*
—
(Robert)
Breweries
Transport
29
2.00
July
July
15
650
6%
JAJan
35%
2,755
V,
5%
*
Preferred
39 Vb May
Jan
50
109
29%
29%
*
Mitchell
River
Ltd
11
3% ; "'; 4%
*
.100
Melchers
30
6
50
Jan
12
4%
13%
Jan
21%
11
11%
109
__
*
——
Powell
(Can)
60c
275
-
Mar
30
175
11
*
31%
97%
1,369
29
-
.
25
22%
11%
3
common..
Placer
Jan
50
120
12 %
11
Jun
18%
1.95
30%
9%
Jan
32% Mar
10%" Jun
15
*-
Jan
Jan
1.95
Industries class A_*
Paints
(Walter)
8%
100
Apr
105
May
565
34
29
25
Molson's
Ltd
7%
27%
.
Jan
16;.
Lcwney
7,967
140
(Alfred)
29%
,
630,
29%.
22 %
—___*
.
Page-Hersey Tubes
37%
112% 112%
—
11%
..100
..
Legare Co Ltd preferred
Preferred
101
20
125
i 40
33%
.
*
common
...
McColl-Frontenac Oil
Feb
16%
Jun
9'A
17
>13% July
Jan
108% 108%
Lake of the Woods Milling common...*
Lindsay (C W)
Massey-Harris
7%
24%
32
28
28
15
Lang & Sons Ltd (John
Laura Secord Candy
40
36
.——*
...
Public Service Ltd
Preferred
Jan
250
16%
36
*
Ltd......*
Co
12 JA
16%
8%
41
preferred—100
Company
10
Metal
(John)
14% May
38
6%
Insurance
International
5%iiJun
Jan
25
12
£—____*
(A J)
49%>-J!hh
13%
17
30
5
—
50 ol vJdn
;
Jan
7
__
'
common
;
>
Jan
7%
32
'
100
International
13%
.
27%
103% 104%
16%
....-*4.
common.
International Power
5 %
13%
27
*
,v_:
Freferred
-Provincial
1,742
.100
._
International Nickel of Canada
'
15%
£1
Preferred
Penmans
15
Acceptance Corp common..*
International Bronze common
iPreferred
Jamaica
15%
.
*
Freiman Ltd
Jun
r Feb
14%
38%
A
July
2.25
15
Feb
17
com
71
55 A*; Jan
30
8%
._*
class
"-♦iluly
14%
:
Canada
8
Mar
41
Preferred
112
Jan
of
25
Jun
12 :tyrJun
v
Jan
42
*
Ltd
TiJan
4%- <JUn
Apr
3%
(cApr
64
Mar
79
160
Jun
iv
>
30
*
Ltd
172
1.25-
25
4%
:
1.85 May:
47
4
20
Ltd
46
8,050
48
Linoleum Co
Co
V:
46
*
Foreign Power Sec Corp Ltd
Lambert
Imperial Oil Ltd..
Imperial Tobacco of Canada common_5
Paper
415
2.00
48
48
*
Aircraft
Aircraft
71
15
,
Jan
14%
Woollens
Donnacona
Feb
24
Apr
30%
Jan
105% May
Apr
6%
455
-
17%
Jan i
8%
2,470
7%
—
Bay Mining....—32% v
15'% Apr
45
12%
7% "
13% July
101% July
105% July
5
22
»
100
;
f
Dominion
15br»Apr
S.-v6% Jan
4% Apr
385
Jun
168 «.:Mar
Jan
540
*
Co Ltd
56%
Jan
2
100
-
7%
1.90
62
40c
18
15
Dominion Engineering Works Ltd—...*
Jun
11
70
*
&
2,700
7
2.00
*
Dominion Oilcloth
10
4
60c
15
class A
Dominion Malting
26%Jun
107 <03 May
167% May
50
Class B
Jan
63
3%
10
2.50
25
101% May
510
-
55
Leather
14%
15
.i_
9
Feb
97
10
10
Preferred
Davis
14%
Jun
75: alnJun
:
Jan
108
Consolidated Paper Corp Ltd
Cub Aircraft Corp Ltd
16% May
10% Jan
275
-
16%
105
r
55
...
Howard Smith Paper common———
13%
105% 105%
—
8% May
1,325
101% 101%
100
...100
Preferred
18% July
Jan
Feb
161%
1
.
Jun
Apr
Jan
11%
55
Consolidated Div Sec class A
18%;
49
100
25
55
Jun
Jan
70
35
15
Jan
'*
Jun
7% Mar h
14
55 %
4.15
22% Mar
7%
2
Company
Catelli Food Products 5%
pfd.^
12
Goodyear Tire pfd -series' 1927___—.50
Gypsum, Lime & Alabastine
*
Hamilton' Bridge *—
!
—*
Eollinger Gold Mines
:
.......5
■
Lumber
Westinghouse
165
75
45
105
60c
100
Canadian Western
Jan
3,058
125
26
63
*
common:
124
10
11
67
3%
10
Jun
i...100
■___.
^
*
Jun
common
common...
14%
*
Jun
17
65%
oJuly
45%- Jan
Jaji ;
1
16J/2
165
2.30
Jan
13%
10%
36% May
.
Feb
29
17
900
13
Feb
165
300
3%
159
25
10%
34
45%
Mar
35
100
-
25%-. Jun
25
124
120
*
4 %•' Jun
23% Jan
169
15
*
Ltd
17% July
100%-July
850
55
__l
preferred
Jun
25
161
Rand
Jun
62%?
•
.
Jan
169
200
9ya Jan
3
-
161
11
11% May
90
169
—
Canadian Vickers
Canadian
-t-Mar
17% July
100% July
*
Company
5%
106% 106 %
ZZ
Ltd..*
B
14
25
b% preferred
Industrial
class
70
preferred
7%
44
100
Ltd
preferred
5%
High
2% Mar
865
26
*
Apr
Jun
65%
pfd.100
Investments
'
34
3%
♦
Ltd
4,265
45
II
*
Canada Northern Pow
Corp 7%
Canada
4%
24%
1
100
—
& Dominion Sugar
Malting Co Ltd
Canada
4%
33%
Pulp & Paper com..*
common
Company
Preferred
28%
Corp
English Electric class B
Foundation Co. of Canada.!
Preferred
British Columbia
Brown
Jan
9'A
Apr
24%
*
11
Electrolux
Gei^eral Steel Wares
Ltd...
12%
13
..100
Dryden Paper
preferred
Packers
28
:
Dominion Textile common,
Preferred
Gatineau Power
Columbia
Canada
Low
100
49
121
18% July
Range Since January 1
High
100% 100%
4
4
*
....
Dominion Tar & Chemical
Feb
British
Shares
100%
*
Jun
35
Jan
for Week
Low
*
15
20
16% July
Sales
Range
100
Preferred
Bathurst Power & Paper class B
British American Oil Co Ltd
25
380
15%
1,865
14
34
.25
class B_.
Ltd
23%
Week's
of Prices
17%
Canadian Power & Paper Inv com
395
27
1,140
17%
Jun
59
Jan
18%
17%
Jun
40%
18%
29%
*
Acadia & Atlantic Sugar common
207A
40(4
Juh
May
20
60
35
295
J
29
19%
58
Feb
40
17%
Apr
58%
11%
68
Jan
16%
—..—100
preferred
15% Mar
6 %
Jan
14
555
4%
25
160
15
100
19%
*
common
,—*
common
Steel
Jun
Paper
Claude Neon General Advert Ltd com.*
Preferred
100
Commercial Alcohols Ltd common
*
common...!
Stores
Jun
6%
&
4,860
39%
.*
preferred
Dominion
14%
32
Power
l87/e
58
Dominion Foundries & Steel
Dominion Glass
Apr
Jun
\\ ■' Par
Abilibi
31%
66
66
*
Dominion
28
6%
60
17
Last
14
_*
Distillers Seagrams common
Dominion Bridge 1...
Dominion
415
8
18%
Sale Price
Canadian Ingersol
Canadian Marcbni
8
...5
Co
1,360
41%
Mar
60
i6 /
19%
Friday
STOCKS—
17%
17%
♦
Consolidated Mining & Smelting
Glass
51% July
Jan
10
8%
;
Curb Market
31%
*
25
Consumers
&
8%
;__*
...
Locomotive
Canadian Pacific Railway
Cockshutt Plow
Cork
130
100-
Canadian
Jah
Canadian Funds
Jun
24
13
Jan
*
...
common.
.10
—...
.Jun
*
_
Canadian Car &
-10
Jun
16
-
11%
11,127
Jun
May
29
2b % Mar
.27
Jun
40
96
19%
Jun
*
_•
Canadian Bronze common
Hudson
Jan
20
28
...
29
.10
18% July
15
46
50
common
Jan
22
25%
100
Feb
16%
-10
July
27 V*
126
'
:
28%
Jan
26%
.:Jun
172
12
12%
100
Canada Forgings class A
3%
18
Feb
21
15
,
Jan
15%
275
High
23
40
Jun
Feb
20%
*
Cement common.
5%%
25
14%
16
July
22%
15
5
Crown
18%
Commerce
Montreal
Royal
161
175"
I
Jun
26%
28%
.10
105%
Mar
26%
:
-Banks
Jan
20
low
28
26%
28%
Nova Scotia
20
Range Since January £
High
27%
Il25
Canadienne
Jun
-Apr
.
Shares
Ltrn
preferred
127%
13
54
2,097
,
6%
100%
462
.
for Week
*
preferred
Jan
22
'
*
May
1,009
26
25
14 »A Mar
100
250
,
17%
172
25%
18%:
*
_
Canada
1
17
'
Jan
common.
-94%
115
26
♦'
,
105%
172
25%
100
20
._*
Class B
5%
Jan
17
172
Building Products class A
Bulolo Gold Dredging
Canada
19
9%
232
25%
25%
Corp class A_*
Bruck Silk Mills...
v
May
Jan
16%
19
n*
Note
Power
23
14%
160
121
105
*
Power
Bank
Columbia
Jan
»
Paper class A
Light
Jan
20
16
100
Trac
90
118
£
Power
5
25
16
Corp..
Bell Telephone
Brazilian
13
23
H8
pfd—100
Asbestos Corp
High
100
*
Ltd
5%
Range Since January 1
Low
High
23
•'
_*
.
;
__
Zellers
12
*
_
Sales
100
100
Agnew-Surpass Shoe common
Algoma Steel common..,
Aluminium
Low
Sales
Range
Par
Week's
Last
Week's
of Prices
Last
Sale Price
Funds
Friday
f
STOCKS—
Friday
STOCKS—
4.45
90c
:
.
;
1.05
jup
.Ayr
May
Apr
Apr
1.00.May
8,450
1.50
Jan
3.80
Apr
25
3.95
Jan
4.75
Jun
Jun
Jun
July
Oil
Stocks
Homestead Oil & Gas Ltd
♦
1
1
-
12c
30,000
4%c Jan
18c
May
Monday, July 30,
CHRONICLE
THE COMMERCIAL & FINANCIAL
'494
Week Ended
1945
$
THE COURSE OF BANK CLEARINGS
clearings this week will show an increase compared
Bank
with a year ago.
cities of the
for all cities
corresponding
will be 7.2% above those for the
stands
total
for the week follows:
summary
Our comparative
week ended Friday of 9.0%.
At this center there is a gain for the
Clearings—Returns by Telegraph
$4,925,425,434
373,910,068
Chicago
9.0
+
$4,517,225,228
392,626,641
+
5.6
276,755,725
+
7.4
Kansas
i
504,000,000
297,158,982
187,845,621
175,479,514
+
7.0
152,800,000
Total all
All
+
125,770,450
—
$6,783,158,647
1,401,348,58b
$8,802,913,326
»
165,879,695
1,582,742,355
cities, five days
cities, one day
—
$7,220,170,971
Other cities, five days—
225,121,390
122,424,789
Ten cities, five days
+
—
175,886,230
1—
Baltimore
'
151,500.000
248,800,000
215,407,847
Pittsburgh
$8,184,507,232
645,398,155
+
6.4
4,454,186
+
11.7
1.996,746
1.390,925
1.736,230
3,237,400
•
3,345,435
3,224,8c
+ 10.4
102,375,227
+
7.8
210,993,543
+
9.6
24,335.900
+ 27.1
120,675,946
4,555,678
264,417,002
257,921,069
+
2.5
1,983,190
3,557,990
242,389,139
87,422.8C
176,277,85
11,958,6C
2,558,46
3,485,74
217,651,9c
674,222,430
634,454,489
+
6.3
588,980,424
502,580,2
228,077,767
16,712,500
18,317,100
Total
(7 cities).
Fifth
Federal
6.0
2.7
Richmond
+ 12.9
1,668,603,408
+
1.1
1,162,749
2.9
811,60
6,947,0c
57,833,98
1,789,87
117,620,63
28,426,56
6,249,000
:
"
+
5.6
68,534,032
'
+ 16.2
167,982,163
154,973,658
+
8.4
1,754,259
138,783,690
45,855,593
41,690,797
+
10.0
36,410,329
305,963,950
Maryland—Baltimore
—
District of Columbia—Washington.
284,346,994
+
7.6
252,894,059
1,973,838
7.2
(6 cities)
Saturday and the Saturday figures are not available at time of going to press.
; In the elaborate detailed statement, however, which we present further below,
final and complete results for the week previous—the week
For that Week there was an increase of 6.9%,
the aggregate of
213,229,663
Federal Reserve District—Atlanta-
-
Tennessee—Knoxville—
Nashville——
We cannot furnish them today, in as much as the week
Accordingly, in the above the last day of the week in all cases has to be estimated.
ended July 21.
—
5.5
+
—
7,034,000
r: 77,229,129
Carolina—Charleston—
South
7.6
1.445,572
.
81,575,835
2,293,034
—.
—
—
Macon-
—
Louisiana—New
28,866,725
124,200,000
95,900,000
2,616,476
1,938,593
50,755,241
1,862,671
1,706,2^3
+
6.4
44,633,373
52,823,070
+ 13.8
—10.4
238,630
5,106,953
211,861
38,046,247
4,502,085
89,146,048
88,596,754
+
0.6
77,177,658
30,370,252
36,840,372
4,568,372
141,909
63,560,901
396,513,491
+
6.8
334,865,154
269,174,840
60,136,460
4,574,002
—
*
Orleans
33,063,092
18.7
52,748,996
—
Mississippi—Vicksburg
8.7
+
2,540,362
*
—.—
Alabama—Birmingham
Mobile,L
9,375,479
+
"
157,000,000
2;514,980
r
-
Florida—Jacksonville
+ 70.2
8,334,899
37,329,644
148,800,000
14,182,745
! 40;955,840
'
-
Georgia—Atlanta
Augusta
——:
—
able to give the
4.4
'
1,430,325
6,827,000
"
Virginia—Huntington—
Virginia—Norfolk
6.4
+
Reserve District—Richmond—
West
Total
in our issue of next week.
+
4.3
$9,853,110,640
$10,563,495,991
-
2,251,192
4,361,829
2,861,852
—
Sixth
are
"525^96^125
5.6
4,973,476
133,196,699
245,900,623
Youngstown——
Complete and exact details for the week covered by the foregoing will appear
we
619,455,854
8.3
18.0
+
Federal Reserve District—Cleveland—
Pennsylvania—Pittsburgh
4.6
+
-
1,760,582,665
—
Total all cities for week
ends
1.489,771
513,000.000
1.545,372
—21.3
1,524,086
604,000,000
1,769,713
2,133,302
1,528,307
1,946,718
4,590,900
+
685,855,470
(10 cities)
Mansfield
237,312,000
.
Cleveland
I
6.3
8.6
City
St. Louis
San Francisco-....
<({
8.1
+
+
3,667,500
422,566
632,966
517,149
+
2,704,579
1,471,466
1,800,941
4,661,500
Columbus
532,000,000
Boston
481,340
734,881
+ 45.4
Jersey—Trenton
Cleveland
Philadelphia
$
746,607
2,928,311
1.736,073
1,901,916
Cincinnati
4.8
—
8.1
1,773,381
«
Ohio—Canton—
New York
J0J704
7.6
1,774,316
York—
Fourth
794,269
2.577,941
3
1944
+
629,000,000
Wilkes-Barre..
Total
1942
$
—
1,918,822
1
Scranton
New
1943
—10.9
66^'2°S'25?
-—
Philadelphia
Reading———
*
1945
,
Lancaster
I
.
Week Ending July 28—
:
Chester-
Our preliminary,
week last year.
631,406
Bethlehem—
$9,853,110,640 for the same week in 1944.
$10,563,495,991, against
at
21
Dec. %
730,212
687,491
Z£?'Z«Z
Pennsylvania—Altoona
telegraphic advices from the chief
country, indicate that for the week ended Saturday, July 28, clearings
of the United States from which it is possible to obtain weekly clearings
$
District—Philadelphia—
Third Federal Reserve
Preliminary figures compiled by us, based upon
July
Inc. or
1944
1945
___—
+
3.9
+ 31.0
5,625,120
1,865,234
;
+ 12.6
v
1,594,8§1
139,315
*
clearings for the whole country having amounted to $11,442,782,010, against $10,706,-
banjc clearings at this center having recorded an increase of 9.6%.
We group
the Federal Reserve Districts in which they are located and
the cities according to
that in the New York District (including this city) the totals
from this it appears
423,238,053
(10 cities)
Outside of this city there was a gain of 6.4%,
589,712 in the same week in 1944.
the
Total
Seventh Federal Reserve
District—Chicago-
Michigan—Ann Arbor—_
Grand Rapids
Lansing
—
record
gain of 9.1%, in the Boston Reserve
a
District of 7.1% and in the Philadel¬
The Cleveland Reserve District is able to show an
improvement of 6.3%, the Richmond Reserve District of 7.6% and the Atlanta
phia Reserve District of 6.4%.
In the Chicago Reserve District the totals are larger by
Reserve District of 6.8%.
3.4% and in the Minneapolis Reserve
In the Kansas City Reserve District the increase is 5.2%, in
0.6%, in the St. Louis Reserve District by
District by
8.9%.
and in the San Francisco Reserve District 2.4%.
•
■■ ■
■'■■■?. ■■
,v
: *
the Dallas Reserve District 31.9%
r
'A?;'///
liana—Fort
Wayne—1
1—
Rapids—
Moines—
City—
Sioux
Illinois—Bloomington
Chicago
1—
;
In the following we furnish a summary by Federal Reserve Districts:
-
Peoria
Week Ended
1st
1945
July 21—
Districts
$
Reserve
Federal
12 Cities
Boston
436,429,650
Total
Inc. or
1944
$
1943
Dec. %
407,423,545
+
'
$
377,234,327
4th
6,200,164,761
+
9.1
4,378,827,751
3,434,917,944
685,855,470
645,398,155
+
6.4
619,455,854
525,969,125
Kentucky—Louisville-;—:
Tennessee—Memphis
7
"
674,222,430
634,454,489
+
6.3
588,980,424
502,580,227
Illinois—Quincy
"
305,963,950
284,346,994
+
7.6
252,894,059
213,229,663
10
"
423,238,053
396,513,491
+
6.8
334,865,154
648,251,805
644,225,192
+
0.6
576,517,381
9th
"
331,470,539
320,437,354
+
3.4
253,267,698
207,495,303
7
"
227,054,159
208,576,429
+
8.9
188,450,902
146,343,527
10
"
329,512,999
313,281,126
+
5.2
303,385,477
218,173,166
Louis
Minneapolis
10th Kansas
City
11th Dallas
6
"
178,099,886
135,082,743
+31.9
131,996,558
86,573,293
"
529,269,333
516,686,297
+
2.4
469,334,428
413,237,663
111 cities
Total
11,442,782,010
4,859,850,884
Outside New York City
(4 cities)
now
add
10,706,589,712
4,566,424,951
our
S
Clearings at—
+
+
6.9
6.4
8,080,210,013
6,821,256,238
3,701,382,262
961,366
1944
$
Inc.
Ninth
Federal Reserve
Dec. %
$
$
728,384
+32.0
690,322
605,937
3,461,708
4,476,890
3,153,587
+
6.2
+
6.0
329,773,757
295,474,165
1,079,355
+
2.0
1,011,117
918!249
497,922
502,957
—
1.0
334,661
297,093
1,402,979
1,338,094
+
4.9
1,050,592
+24.1
4,511,439
4,087,424
+47.0
2,897,893
3,842,512
2,613,145
14,954,807
+
9.8
15,489,691
11,341 772
6,721,264
Haven
Island—Providence
6,275,318
+
7.0
5,345^775
5,'289 219
'
16,500,800
+17.9
15,055,700
14 394 600
871,009
Cities)
667,803
+30.4
509,565
390081
436,429,650
York—Albany
+
7.1
377,234,327
340,187,105
28,794,912
—63.8
6,401,975
10 005 592
1,710,930
Buffalo
1,456,927
+17.4
1,906,552
1,165,188
48,100 000
69,468,000
71,352,000
1,434,819
Jamestown
1,103,579
2.6
64,300,000
+30.0
939,373
993 750
—
1,118,716
Connecticut—Stamford
Cities)
4,218,870,026
3 305 372496
11,969,323
+
0.2
5,127.957
227,054,159
North
207,495,303
+
Dakota—Aberdeen
1,470.441
.
4,014,326
96,333,418
36,688,236
2,781,265
8.5
4,285,866
+ 11.9
128,883,654
+
1.8
45,944,002
+
208,576,429
51,443,786
3,515,930
2,191,327
Dakota—Fargo
South
Helena
;
(7 cities)
4.1
3,103,606
1,445,930
928,624
1,407,137
9.7
+ 11.1
3,859,220
4,184,468
+
8.9
188,450,902
146,343,527
+
4.5
+ 24.4
+
934,677
City—
175,298
167,702
147,473
197,842
340,678
309,792
+ 10.0
237,622
217,384
Lincoln
4.013,747
+ 11.4
3.816,075
72,794,854
3,503,262
69,681,592
3,143,963
45,070,585
2,673.658
5,290,067
154,815,294
4,4C8,308
1,242,335
2.988,147
Missouri—Kansas
St.
Joseph
City
230.993,300
—
—
4.5
7,968,081
7.3
3,375,638
6,312,353
0.5
6,313,876
(10 cities).
1,170,694
799,025
329,512,999
Pueblo_
218,520,650
6,167,557
1,333,541
963,808
;
Colorado—Colorado Springs.
Total
+
3,225,132
9,735,720
9,685,750
313,281,126
+
2,022,713
109,571,000
13,687,314
+ 46.7
2,085,292
1,719.350
+ 34.8
109,274,602
+ 24.2
12,572,613
67,706,176
10,005,276
2,091,000
+
5.7
+
2.4
209,792,173
5,831,355
+ 13.9
947,188
.+ 20.6
907,150
1,164,100
5.2
303,385,477
218,173,166
Eleventh Federal Reserve District—DallasTexas—Austin
2,966,556
147,723,000
16,999,067
3,217,000
Dallas
Fort Worth
—
Galveston
Wichita
Falls——.
Total
i.
1,866,707
5,327.556
178,099,886
(6 cities)
10,026,136
6,109,400
+
5.7
6,241,400
7,640,944
+19.3
7,004 410
*
3,034,000
+
1,268,566
+ 47.2
1,245,007
855,405
5,321,863
+
0.1
3.962,044
4,196,086
135,082,743
+31.9
131,996,558
86,573,293
100,465,306
—11.9
93,611,138
1,928,258
71,802,140
22,718,815
8,190,843
3,482,561
90,551,482
1,404,388
68,199,169
20,267,760
6,010,431
2,313,554
216,549,000
3,529,756
.
6.0
2,857,000
Pasadena
E
+
9.7
27,248,417
20 076 795
^37,817,314
+ 1.7
34,661,308
29',263',006
6,200,164,761
+
4,378,827,751
3,434,917,944
'378
135
Total
+15.8
9,837,578
4.651,633
279,534,864
293,036,000
6.781.840
4.6
—
2.4
+19.0
+
257,170,407
4,150,052
1,690,435
4.8
+
6,185,187
9.7
•
992,261
Outside New York
♦Estimated.
-
5,315,69ft
529,269,333
11,442,782.010
(111 cities)
1,986,406
*6,000,000
(10 cities)
Total
+18.0
+
2.526,112
Stockton
Grand
29.064,235
9,601,139
5,535.153
—
Jose
25,675,669
77,269,856
33,643,076
Utah—Salt Lake City
California—Long Beach
2,375,534
80,798,409
Santa Barbara
28,175,169
9.1
2,803,107
San
6.8
6,761,729,774
Yakima
7W5I6
6 278 909
Francisco-
88,542,467
—
Oregon—Portland
4 753 304
'
+
376,653
Federal Reserve District—San
Francisco-
385,440
38,469,506
Twelfth
Washington—Seattle
San
411,653
—.
Jersey
732 653
9.6
9,118,868
New Jersey—Montclair
Newark
851,501
+
6,460,095
Syracuse—
+17.5
6,006,907,332
11,996,113
Rochester
951,921
6,582,931,126
York—
(12
407,423,545
10,434,779
*
Elmfra
Total
258,267,698
Reserve District—New York—
Binghamton
Northern New
3.4
2,149,393
19,460,000
Hampshire—Manchester
New
4,507,841
1,018,000
+
—
142,454,362
50,516,762
3,378,746
1,761,434
1.340,510
4,616,774
Paul—
Louisiana—Shreveport
New
320,437,354
7.9
129,000,000
50,861,335
26,801,968
832,000
762,282
4,363,924
16,415,815
T
Second Federal
*1,100,000
4,891,744
159,412,974
Minneapolis
Wichita
5,416,587
Connecticut—Hartford
(12
4.7
District—Minneapolis—
Kansas—Topeka_.
355,245,371
-
Bedford
Total
7.6
+
1,445,713
Omaha
1942
1,100,819
—
Springfield
New
-
Hastings
1943
or
3,348,498
Lowell-
Rhode
+
43,757,552
1,012,635
Nebraska—Fremont
July 21
376,380,879
Portland
Massachusetts—Boston
New
Ended
,
Maine—Bangor
Worcester
+
77,279,802
2,275,771
3,386,338,294
JFederal Reseiwe District—Boston—
New
198,300,000
83,134,004
Tenth Federal Reserve District—Kansas
1945
River-
163,200,000
60,948,501
33,101,197
+
1,503,597
4,442,949
detailed statement showing the figures for each city for the
Week
Fall
1.6
7.4
0.3
2,662,320
Montana—Billings-
week ended July 21 for four years.
First
463,368,382
—
644,225,192
___•—
Minnesota—Duluth
Total
We
576,517,381
+
2,535,723
6.9
2,126,872
—_—
Total
St.
10
-
Francisco-—
12th San
0.6
—
463,368,382
7th Chicago
8th St.
463,395,177
1,231,360
4,802,230
1,793,838
1,906,717
437,446
363,468,762
—20.2
1,701,424
6,351,931
269,174,840
"
4
-
486,748
1.0
—
331,470,539
6,761,729,774
17
6th Atlanta
5,147,848
6.0
+
516.694,622
201,500,000
—-—
"
I
Cleveland
1,643,274
13,042,419
6,260,756
Eighth Federal Reserve District—St. Louis—
"
5th Richmond
14,525,527
—
6,130,216
521,452
340,187,105
10
Philadelphia
^
6.3
+ 36.2
15,245,146
648,251,805
—
6
-New
+ 28.1
45,823,900
(17 cities)
12
York
2d
+ 12.8
+ 12.2
6,824,021
2,528,427
Missouri—St. Louis
3d
9,125,804
2,002,212
1942
$
7.1
4.4
35,164,734
1,584,854
—
Springfield
SUMMARY OF BANK CLEARINGS
5.1
+
2,739,666
27,510,000
3,568,625
7,770,367
31,636,304
1,844,080
553,265
511,440,090
Rockford
L
3,622,089
2,625,396
2,468,655
24,495,000
2,826,811
7,254,305
26,157,954
—11.6
3,337,376
8,346,507
;
Decatur
2,234,653
2,265,672
14,282,558
—
Wisconsin—Milwaukee
Des
510,393
4,225,305
+
3,033,501
29,399,000
2.948,904
Haute—
Terre
586,028
3.5
+
3,588,316
11,692;721
t
Bend—
Iowa—Cedar
6,195,711
•
39,655,637
-
Cndianapolis
South
+ 17.8
—14.7
535,704
630,831
6,410,928
3,061,871
3,188,587
30,690,000
.
~
516,686,297
+
2.4
469,334,428
413,237,663
10,706,589,712
+
6.9
8,080,210,013
6,821,256,238
4,859,850,884
4,566,424,951
+
0.4
3,701,382,262
3,386,338,294
.
+27.2
+12.9
.
,
4,589,779
3,419,862
Number 4407
Volume 162
THE COMMERCIAL & FINANCIAL CHRONICLE
495
A
Foreign Exchange Rates
of the assets and liabilities of reporting
summary
member banks follows:
Pursuant to the requirements of Section 522 of the Tariff Act
of 1930, the Federal Reserve Bank is now cer¬
tifying daily to the Secretary of the Treasury the buying rate for cable transfers in
the different countries of the
world. We give below a record for the week just passed:
EXCHANGE
FOREIGN
i.
RATES
CERTIFIED
JULY
..
BY
20,
FEDERAL
1945
TO
(In millions of dollars)
UNDER TARIFF
OF
ACT
»
1930
July 18,
Assets-
July 20
Argentina, peso—
July 21
$
.297733*
.297733*
.297733*
.297733*
.297733*
.297733*
.251247*
.251247*
.251247*
.251247*
.251247*
—
pound—
Brazil, cruzeiro—
3.210783
3.210450
.060602*
•
.051802*
—
—
—
.060602*
.909090
.051802*
.909090
England, pound sterling
India (British), rupee-
.909090
.908125
.907656
.569800*
.569800*
4.029218
4.029843
.569800*
4.028437
.301215
.301215
.205820
Mexico, peso
.301215
.301215
.205820
.301215 y
.205820
.205820
.205820
.205820
Newfoundland, dollar—
Official
.909090
Free—
.909090
.905000
Zealand, pound
.905625
3.980000
Uruguay, peso—
Controlled--
3.980000
;
.658300*
.658300*
.561250*
3.980000
.561250*
d;
Demand
.658300*
.658300*
.561250*
.561266*
.658300*
Date
Below will be found
list
a
of corporate
bonds, notes,
called for redemption,
sinking fund provisions.
The date indicates the redemption or last date for mak¬
ing tenders, and the page number gives the location in
preferred
and
including
those
stocks
common
called
which the details
under
given in the "Chronicle."
were
NOTICES
Company.and issue—
OF
TENDER
Date
.
Appalachian Power Co. 6% gold deb. ser. A, due 2024_Aupg 8
Baumann (Ludwig)
Brooklyn Bldg. 1st mtge. fee 6s__Aug 9
Companiai Salitrera De Tarapaca Y Antofagasta bonds_Aug
9
Consolidated Gas Elec. Light & Power Co. of Bait.—
'First refunding mtge. s. f. bonds—
Series N, 3% %i due 1971
Aug
1
Series O, 3"A%, due 1968—
;
Aug
1
Series P, 3%, due 1969
Aug
1
Series Q, 2%%, due 1976
Aug
1
-Curtis Publishing Co. 3% debentures due
1955
Aug 16
Georgia, Southern & Florida Ry., 5% debs, dated 1924__Oct
1
Page
Debits
346
«
351
132
132
-
Power
Co.
6%
debenture
bonds
PARTIAL
due
2024—
Aug
.
due
!
a
Armour
&
Co.
1964.
1st
mtge.
v
Carolina,
due
—Aug
20-yr.
3"A%
bonds,
—
Clinchfield
series
&
Page
ser.
debens.,
1
1
131
Sep
dated
1
244
Aug
1
131
1944
3%%
bonds, due 1974
Chicago Daily News, Inc. 3%% debs, due 1950
Chicago & Western Indiana RR., 1st & ref. mtge.
Ser. D, due 1962
Terminal
First
mtge. 3%%
First mtge. 2%%
Cleveland
1st
Union
Aug
1
July 30
series E bonds due
1969
series
1974
G bonds due
1
$2553
1
132
Aug
Aug
stock——
132
245
1
132
2
8
1
1
134
1
9
1
1
1
135
$2557
1
355
1
*
1
136
138
-
—
-
1966
ser.
;
—
—
Issue—
Date
Clayton & Co. 4% debs, due 1951 and 1953—July 31
Arkansas & Memphis
Ry. & Bridge Co. 1st mtge.
1st
Sep
& Santa
bonds
due
due
1955
mortgage 3%
serial
RR-
Pfd- stock-
bonds, due
"gton
174
53
$2794
1
3
s f- 3 "A %
bonds,
*;e-.,25~yr- s-f- 3,/*$
Corp., 5%
ser.
ser.
bonds,
preferred
4V4S,
O'Connor, Moffatt & Co., class AA
Panhandle Eastern Pipe Line Co.
Pennsylvania RR.—
ds, due 1950_Oct
due
1956
5.60%
Read
Mfg.
Louis
Car
Inc.
1st
convertible
Co.
mtge.
4 "As
preferred
due
stock
130
1
347
130
'46
stock
—
—
+
77,825
33,000
+
+
+
3.769,759
2,692,021
+
1,000
+
552,879
—
247,294
—
.
43,825
+
+
6,76.7365
59,671
—
21,802,450
+
6,952,302
110
3^301
+
—274,088
+
—
1,746,655
63,914
42
—
2,594
+
cities shows the
ended
July 18:
Total assets
*
395
41,993,300
1
*
Sep
1
174
Aug 20 '
j*.
Other
Total deposits
Deferred availability items
396
+
18,205
+
4,198,685
+
38,797
+
1,906,202
190,870
286,152
1, '47
Sep 15
$2490
53
54
396
♦
244
+
—
52,350
+
52,453
70,484
+
1,863,373
72,588
—173,519
+
279
—
41,454,028
—226,077
171,032
+
109
+
.
40,056
+
112,922
+
5,428
+
388
30,677
+
.1%
—224,082
200
+
1~886
+
45.1%
make
11,850
..+
27,165
41,993,300
to
508
6,135,154
+
228,153
_
Ratio of gold res. to deposit &
F. R. note liabilities combined
Commitments
-; -/
+••
'
Capital Accounts—
Capital paid in
Surplus (Section 7)
Surplus (Section 13b)
Other capital accounts
290
65,479
+
8,054
.J,
Total liabilities
96,152
—
1,420,263
$2490
July
—
—
16,831,739
Other liabs., incl. accrd. divs
1
6,217,937'
14,698,795
593,568
1,128,569
410,807
U. S. Treasurer—gen. acct
Foreign
*
1
+
23,193,972
.
Member bank—reserve acct._
16
31
—224,082
Liabilities-
Federal Reserve notes
6,217,937
10.3%
—
indus¬
trial loans
+
y
1,780
DIVIDENDS
Dividends
$723,000,000 in United States Government deposits, and
an increase of
$544,000,000 in demand deposits adjusted.
Loans to brokers and dealers for
purchasing
first
in
most
districts
and
the
total
increase
all
districts
and
the
total
which
_
.
Abbott's
Air
are:
Investors
$2
25c
non-cum.
Arch
American
Automobile
American
Bank
6%
Share
Dairies
American
preferred
American
&
conv.
pref
Note
(St.
Co., common
pfd. (accum.)_
preferred (quar.)
preferred (quar.)_„
American Ice Co. 6% preferred
American
Meter
>•7%
preferred
American
Co., Ltd.,
(quar.)„_
Class
B
1
7
10-
1
9-
10-
1
9-7
9-11
;
9-11
50c
75c
(irreg.)
$1.50
25c
8-17
1
8-15
9-1
8-15
1
8-15
9-
9-
8-31
(quar.)
Re-Insurance
(N.
Y.)
common
(quar.)
(quar.)
_.
-
9-
8-
6 :
1
8-18
9-1
8-18
9-15
10c
9-29
$1.75
;
$1.50
50c
common
]:
V 8-17
62 "Ac
'
Co.
Tobacco,
(quar.)
19-
$1.50
(quar.)
American Radiator & Standard
Sanitary—
Common
American
9-15
$1.75
_
$2.50
Metal
7C27
8-20
1
75c
Foreign Pr. 6%
(accum.)
preferred
8-15
7-31
9-
20c
$3
6%
of Reo.
1
20c
Louis)
(quar.)
American General Corp. $2 pfd.
American
Holderi
9-
50c
:
Insurance
When
Payable
30c
—
(irreg.)
$7 preferred
.
.
in the week when
Per
Name of Company
all
„
second table in
a
previously announced,: but
Industrial and Miscellaneous Companies
Deposits credited to domestic banks declined in
nearly all districts, and the total decrease at all report¬
b
follow with
The dividends announced this week
was $41,000,000.
United States
deposits declined in all districts.
ing member banks was $184,000,000.
we
Corporation
reporting member banks
Government
Then
show the dividends
Investment News Department"
declared.
was
at
we
and
Time deposits
increase
grouped in two separate tables.
In the
bring together all the dividends announced the
which have not yet been paid.
Further details and rec¬
ord of past dividend payments in
many cases are given
under the company name in our "General
$120,000,000.
"Other securities" increased $67,000,000.
Demand deposits adjusted increased in
nearly all dis¬
tricts, the principal increases being $231,000,000 in New
York City, $92,000,000 in the Cleveland District, and
in
we
are
current week.
or carry¬
ingUnited States Government obligations declined $104,000,000 in New York City and $149,000,000 at all report¬
ing member banks; other loans for the same purpose
declined $56,000,000 in New York City,
$23,000,000 in the
Chicago District, $12,000,000 in the San Francisco Dis¬
trict, and $120,000,000 at all reporting member banks.
Holdings of Treasury bills declined $123,000,000 indNew
York City, $37,000,000 in the Chicago District, and
$155,000,000 at all reporting member banks.
Holdings of
Treasury certificates of indebtedness declined $57,000,000
in New York City, and increased
$22,000,000 in the Bos¬
ton District and $17,000,000 in the Richmond
District;
the net change at all reporting member banks was nom¬
inal.
Holdings of United States Government bonds in¬
$2782
*
687
—
Deposits:
following principal changes for the week
Decreases of $237,000,000 in loans and
$61,000,000 in the San Francisco District.
I960—Aug 24
8,090
125,404
d
650
—
The condition statement of
weekly reporting member
of the Federal Reserve
System in 101 leading
increased
due 1965_Aug 24
Aug
6
yC. 26
—
97,488
banks
347
*
192,238
7,801
d
500
+
377
+
21,569,579
Due from foreign banks
F. R. notes of other banks
Condition Statement of Member Banks
347
due 1959-July 30
due
H,
(incl. guar, sec.)
161.
Aug 15
due
—
500
—
500
12,696,973
6,074,011
784,291
82,205
—
1,883
+103,373
,+
2,948
Other assets—
Aug 13
$ In Volume
10,799
2291,423
*
Aug
1960
Aug 15
F,
208,099
10,804
—
18,040,569
Total loans and securities
$2596
Aug
—
—1,032,510
+
248,219
395
of California, 3%
debentures, due 1959—Aug 15
United States Leather Co. 7: prior
preference stock
Oct
1
Youngstown Sheet & Tube Co. 1st mtge. 3 "As, ser. D,
issue.
673,954
1944
5
+
34,015
1
Oct
Talcott
this
reserves
*
1945
17,366,615
Bank premises
1
Aug
1st
•Announcement in
(—) Since
——
July 18,
July 26,
1945
$2451
Aug 15
1948
1
1,112,642
pre¬
mtge bonds
Schenley Distillers Corp. 4% debs, due 1952
Squibb (E. R.) & Sons $5 ser. A and $4.25 ser. B
preferred stocks
due
hand and
on
Uncollected items
Sep
Co.
167
71
1,685,950
394
Aug
Machinery Co.,
Rheem
13
+
July 25,
Bills
251
mortgage series C 3"A% bonds due 1970
Aug
1
Pensnsylvania Telep. Corp. 1st mtge. 3"As, due 1969_Aug 20
Portland Gen. Elec. Co. 1st & ref.
mtge. 4"As due 1960_Oct
1
Quincy Electric Light & Power Co. 1st mtge. 5s, ser. A,
stock
+
(Philadelphia District).
Certificates
$2560
$313
$2790
1
General
1947
294
Total U. S. Govt, securities
Aug 15
stock—Aug 16
pfd.
950
15,493
figures revised
13
stock
common
and :
250
1
Aug
Aug 15
G,
ser.
Toledo St. Louis & West.
RR.,* 1st mtge.
York University 1st mtge.
—184
1,799
149
250
Inc., 6% conv. pfd. stk—Sep
1
Candy Co., Inc., 1st and 2nd pfd. stocks
Aug 15
York, Chicago & St. Louis RR., ref. mtge. 4 "As
Ser. C, due 1978
—Sep
1
+
+
deposit accounts except
U.
S.
Gov't
accounts,
Acceptances purchased
U. S. Govt, securities:
*
Fibres.
+
9,812
Industrial loans
12
1
+ 3,907
41
—723
-
Other cash
New
creased
-
.ge- 20"yr- s<f- 3% bonds,
Mills
16
140
1
Jan-
1945_.
—-
Corp.—
mt.ge- 2°-yrfW
18
140
Dec
-
—
fiurlin*;
14
394
Dec
1960
Aiw™°«tgage 5% sinking fund bonds, due 1952last1
ugar Refineries Ltd. 15-yr. 1st mtge. 4s
Steel
$2337
Fe Rv.—
Q*rmingham & Coast
Bethlehem
12
Page
Anderson,
Atlantic'
■r
ENTIRE ISSUES CALLED
1964
Total
249
Aug
6
51
14,812
,
due from U. S. Treasury
Redemption fund—F. R. notes-
♦
$2662
bonds
Automotive
1
+
+
1,053
certificates
Gold
353
247
Aug
1
1956——Sep
1
Philadelphia Elec. Power Co. 1st mtge. 5"As, due 1972_Aug 1
Phila. Rapid Transit Co. 5% coll. bonds dated
1908_Aug
1
Revere
Copper & Brass Inc. 1st mtge. 3Vis,* due I960—Aug
1
Safe Harbor- Water
Pp. Corp.. 1st mtge.
4"As, due 1979_Aug 2
St.
Joseph Ry., Light, Heat & Power Co. 1st mtge, 4"A%
bonds due 1947
—Aug
1
Schulco Co., Inc.
guaranteed 6% bonds, issue B
Aug
1
Southeastern Gas & Water Co,, 1st lien collat. tr. bds.,
due 1951
a.
Aug
1
Union Oil Co. of
Calif. 3% debentures due 1959
Aug
1
Union Terminal
Co. -1st mtge. 3%s due 1967—
Aug
1
Washington Water Power Co. 1st mtge. 3"As due 1964_Aug 20
Convertible
Co.,1 class
Oct
15
77
Increase (+) or Decrease
137
pfd. stock—Aug 31
stock
Aug
1
preferred
A stock
par
311
+1,024
+ 544
8,637
-
Total liabilities & cap. accts.-
4
1
convertible
Drop Forging
no
—
—
36,852
——;——
Assets-
$2558
Union Oil Co.
1
1
1
^ison' Topeka
$7
132
Aug
4%
Co.
1
Aug
—
B, due
New York Dock
Co., 1st mtge. 4s, due 1951
Paton Mfg. Co.,
Ltd.,W 1st mortgage 4"As, due
5s. due
Moore
Edison
132
$2440
Aug 15
—
1963.
and
Aug 29
1
+ 111
612
+
67
(In thousands of dollars)
*
Aug
5,787
—
+
9,710
Discounts and advances
1
$2440
1
1st
Monongahela Ry., 1st mtget 3"As,
Company
Missouri
1, '46
+
+ 120
8
2,087
Reserve Banks Combined
*
Jan.
+
Statement of Condition of the 12 Federal
248
1
(James), Inc. 5"A% preference stock
Texas Power & Light Co.—
1st & ref. mtge. bonds. 5% series due
1956__
6% gold debenture bonds, series A, due 2022
Tilo Roofing Co.,' Inc., $1.40
preferred stock
1
Co.—
$3 preferred
*
1
Marion-Reserve Power Co. 1st mtge. 3 "As, due 1960
Merchants Ice & Cold Storage Co. 1st
mtge. 6 "As
Micromatic Hone Corp., 5%
cumul. conv.
St.
mtge. 3"/r% bonds due 1971
Aug
Hartford Electric Light Co. 3"A% debs, due 1971
Sep
Illinois Power & Light Corp.
30-yr. 5"A% debenture
bonds due 1957
Sep
Kansas City Gas Co., 1st mtge.
5s, due 1946—
—Aug
Maritime.Electric Co., Ltd. gen. mtge. 5Vis due 1956__Oct
Maritime Elec. Co., Ltd. 4"A % 1st mtge. bonds due 1956_Oct
McCord Radiator & Mfg. Co., 15-yr. 6%
debs., due 1948_Aug
Mercantile Properties, Inc. secured s. f. 4"A% bonds
due
*
Co.—
Terminals
Co.
J2440
4 "As,
A__Aug
Empire Gas & Fuel Co. 3rV»% debentures due 1962
Aug
Food Fair Stores,, Inc., 3 "A % debentures.
—Aug
General Acceptance Corp.
5%
conv.
debentures—
Sep
Goodyear Tire & Rubber Co. of Canada, Ltd.
5%. preferred stock
Aug
Power
due 1947—Aug
mtge. 33As, ser. E,
ref.
447
—
d'A
demand
•July 11
—1,972
35
3,192
during week
248
mtge. 4% bonds due 1960
Maple Leaf Milling Co., Ltd. 5Vx% 1st (closed)
mtge. bonds
ferred
s.f. gold bonds, series A
Oct
1st mtge. 5%
s.f. gold bonds, series B
Oct
1st mtge. 4"A% s.f. gold bonds, series C_
Oct
Consolidated Cement Corp., 15-yr. 1st mtge. 6s| due
1950_Aug
Cornell-Dubilier Electric Corp., $5.25 pfd. stk. ser.
Gulf
1
Quincy Market Cold Storage & Warehouse Co., 5%
1
mtge. 5"A%
Gorham, Inc.,-
&
25,087
,
deposits-adjusted
to
—
135
+
1
—
49
—
—155
1,935
9,591
20
—
4*
—
567
interbank
$2787
Aug
1959
Unified
due
Sep
Co., 1st mtge. 3Vis, due 1966_Aug
Cincinnati Gas & Electric
130
1
A,
—
Union
Aug 15
Oct
1st
New
Sep
Chesapeake & Ohio Ry. ref. & improv. mtge. 3 "As, ser
E, due 1996
Aug
Chicago, Burlington & Quincy RR., 1st & ref. mtge.
Cincinnati
stock
A
Drug Co., 15-yr. 4%- debentures, due
Kentucky Hotel, Inc., gen. mtge. 6% bonds,
345
Sep
mtge. 5s, ser, A
Ohio Ry., 1st mtge. 4s,
Inc., 3 "A %
345
*
1st
1965
Central Soya Co.,
134
E,
——
Canadian Utilities. Ltd.,
352
356
series
National
Date
Stores
1950
132
132
REDEMPTION
Corp. 5% preferred stock
Sep 15
American Fruit Growers, Inc. 5% conv. notes due
1950_Aug
1
Arizona Power Corp. 1st & ret. mtge. 5s and 4"/2S due
.
preferred
conv.
Katz
National
Company and Issue—
Allied
8
6%
Louisville & Nashville RR.
due
2003
'
Ohio
Stores, Inc., 8% preferred stock
Aug 2
$2657
Consumers Co. of Illinois 1st mtge. 5s due 1956
July 31
351
Corrugated Paper Box Co., Ltd. 7% pfd. stock
Sep
1
352
Crane Co. 5% preferred stock—
Aug 18
352
Cubin Telep. Co. 5% 1st mtge. conv. bonds due
1951—Jan
1,'46
7
Dow Chemical Co., 2"A% and serial debs, due
1950——Sep
I
•
352
Edison Brothers Stores, Inc. 5%
pfd. stocks
352
Elliott Co., 5 "A %
preferred stock
Aug 13
247
Empire Steel Corp., 1st mtge. 6% conv. bonds, due 1948_Oct
1
133
Fuller Brush Co. $7 preferred stock
Oct
1
353
General Outdoor Advertising Co. class "A" stock
Oct
1
*
Hearn Department Stores, Inc.
preferred stock—
Aug
1
10
Hecht Co.
4 "A %
preferred stock
Aug 20
*
Holly Sugar Corp. 7% preferred stock
Aug
1
10
International Metal Industries, Ltd. 6% conv.
preferred
and
10,646
Foreign banks
Borrowings
Page
Consolidated Retail
Notices
14
2,338
Interbank deposits:
Domestic banks
.
+
—.
-
U.S.GovernmentrfupARita
•Nominal rate.
Company and Issue—
1
1,487
70
+
+
—
—
778
—
1
—
78
Time deposits
.561250*
•
*263
—120*
396
^
Liabilities—
499
+
1,052
—
Balances with domestic banks
3.980000
>
+
22
+
2,177
-
Cash in vault
.905208
3.222666
—149
899
Obligations guaranteed by U. S. Government
.909090
.905416
3.224000
140
—
•
1,518
Reserve with Federal Reserve Banks
.905625
.658300*
—
.909090
"i,
.
+
Other securities
3.223666
»
.561250*
—
Noncontrolled—
.909090
3.223666
3.9&SOOO
3.980000
.905625
3.223333
V
3.223666
Union of South Africa, pound-
.909090
pur¬
obligations
Treasury bills
Treasury certificates of Indebtedness
Treasury notes
XJ, 8. hnnria
.907656
4.030000
5,928
for
Loans to banks
'
.301215
—
dealers
Real estate loans
.909090
.908125
.569800*
4.028906
and
U. S. Government
.051802*
.909090
.908125
.569800*
4.029107
brokers
Other loans
.907500
+1,536
;
to
Other securities
.060602*
.051802*
+ 6.690
—237
agricultural
Other securities
.060602*
.569800*
—
and
Other loans for purchasing or carrying:
U. S. Government obligations
3.209786
3.211116
.060602*
.051802*
$
$
3.210783
.060602*
.051802*
.909090
Colombia, peso
New
3.210783
;
Official-—
Canada, dollar—
Official
$
1944
$
chasing or carrying:
$
".251247*
Official
Free
July 26
July 25
a>
Australia,
industrial,
loans
Loans
July 24
1945
—241
13,535
Commercial,
United States Money
July 23
.
July 19,
63,994
—
Loans—total
Value in
July 11,
$
Loans and Investments—total
Noon Buying Rate for Cable
Transfers In New York
Country and Monetary Unit
V* 'ffi' * $
'
•
1945
RESERVE BANK TO TREASURY
26, 1945, INCLUSIVE
JULY
^
;•
Increase ( + ) or
Decrease C—) Since
9-1
50c
8-15
'
8-28
8-24
8-21
8-
3
75c
9-
Id
8-10
75c
9-
1
8-10
'
c
Per
Payable
Share
Name of Company
of Rec.
Anaconda
Mining
Andes Copper Mining Co
Animal Trap of American, com.
1%
Copper
preferred
pfd.
8-
1
8-
1
7-25
9-28
9-15
(accum.)
15c
_*
'
—
Co.
*4.
■*.**
series
5%
Products
Automatic
w-Lq-m
pfd.
-»«
»■'
X.4LM1—'■»
Works
77c
Commercial Corp.
Barnsdall Oil Co.
(quar.)
5%
preferred
$5
7-23
20c
9-
8
8-31
9-
1
8-15
ii.oey*
9-
1
8-15
Electric
Pacific
Common
7%
8-
6
10-
1
9-
7
8-15
8-
1
8-
1
8-15
9-
1
1
Massachusetts
75c
9-
1
8-15
9-
1
8-17
Meier
8-
Merritt
8-15
Mayfair
3
8-
1
7-19
25c
8-
1
7-24
$1.50
8-
1
7-24
50c
Field
Marshall
1
9-
8-17
8-3
8-
2
Midvale
$1.12 %
9-
1
8-
2
15c
9-
1
8-15*
7-23
8-
1
7-23
87 %C
8-
lr;
Rubber
7-23
Castle
(A. M.)
Steel
Central Ohio
Linen
preferred
(s-a)
8- 1
7-20
$7
preferred
(s-a)—
7-20
8-15
New
8-24
8- 3
1
8-1
15c
8-15
s
—
7-15
New
Jersey
9-1
8-15
New
York
9-14
9-
9-
1
***.:**;-*-:*
$%C
.
$1.25
9-
1
■:
.-*
Gas Utilities
Corp
Corp
Paper (quar.)
American Life
&
Northern
7-28
Northwestern
10-
7%c
9-15
9-15
9-15
1
9-
9-1
I
.**-_***-__**
9-
1
1
7-31
$30c
8-15
8-20
:
7-31
8-
9-
35c
37 %C
8-10
75c
3-1-46
10-31
62 %c
*__*__**_*_*,**_***
10-
$30c
2-
8
1
5% preference (accum.)
Douglas (W. L.) Shoe $1 conv. prior pfd.
Company
Durham Hosiery Mills 67c pfd. A
(quar.)
:
$50c
1
8-
9-
1
8-15
$1-50
8-
1
9-
1
8-14
75c
pfd.
(quar.)
8-25
9-
$1.25
8-
4
First
Grain,
Bank
9-14
Phillips Petroleum
9-14
Pitney-Bowes,
9-14
30c
10-15
10-
5
10-15
10-
5
7-31
General Iron Works 77o
Class
on
common
and
1
8-14
Revere
8-
1
7-20
class
I
A
Harbor
Hecht
Co.
Hiawatha
Hudson
Oil
&
Motor
Huston
Power
Illinois
Zinc
St.
8-
9-
1
9-
9-
1
8-10
15c
9-15
8-
.
8-
7-20
' *
:r
1
9-19
8-13
8-
9-
1
8-
7
8-15
8-
4
9-
1
8-
6
8-20
8-
2*
CO
7-31
(quar.)
(quar.)
preferred (accum.)
$1
25c
:T
dep.
Steel
rets,
(Cleveland)
Silver
,
—*«_:
Co.
7%%
4
50c
1
OO
7-26
^
$1.50
Co
Consolidated
International
com.
Copper—
9-
;
9-
1
25c
»
(quar.)
Jefferson Standard Life Insurance
(s-a)——.
-
»
40c
9r
>
1
7-25
(accum.),
share
pfd.
8-15
Extra"
8-20
8-20
8-
9.
v
9-30 e
8-15
(initial
8-11
9-
1
8-
3
8-
1
9-
1
8-15
37 %c
9-
1
8-15
9-
1
8-22
8J
1
7-20
$1.13
8-
1
7-20
7-31
7-19
25c.
9-15
Arden
50c
9-13
Standard
8-16
-
Co.
1
7-24
8-
1
7-27
$1.75
Extra
Cap
•=
Oil
1
9-
&
Co.
Seal
of
of
1
8-16
8-
6
8-15
8-
3
■
Extra
Armour & Co.
$6
prior
preferred
Armstrong Cork,
«;
common
4% 7c
•:
preferred
Atchison
57c
Topeka
non-cum.
Atlantic "City Electric
Co,
Atlantic Coast Line RR
Fe
47o
7-20
Co.,
8-31
Aunor
8- 9
Avondale
9-14
Babcock
Gold
Mines,
Mills
Bathurst Power
of
8-
1
7-21
1
7-n
Beau
9-15
8-15
Nova
Baystate
8-
30c
9-15
8-15
40c
9-
8-15
(quar.)
(quar.)
50c
1
9-15
8-15
25c
9-10
8-10
25c
9-10
8-10 7
7-20
Corp.
Brummel
'
***********
8-
7-26*
6
A
10- 2
9-21*
:."i
1
9-21*
7-10
$3
'
8-
1
50c
8-
1
7-20
8-15
8-30
8-15
9-15
8-31
•'r 20c
V
25c
8-
1
7-14*
10-
1
8-31
5c
10-
1
8-31
8-
1
7-17
v
7-17
8-
1
8-
1
7-20
12-15
12-15
$1.75
50C
8-31
8-
3
7-31
7-
0
8- 6
7-23
$1.75
10- 2
9-
5
50c
8-
1
7-21
$1.25
8-
1
7-2L
9-
1
7-27
8-1
10e
$139.50
7-13
1
7-13
8-
$1.25
$1.50
8-
1
7-21
11-
1
10-22
$1.50 1-31-46
1-21
8-10
tl5c
9-
1
8-
1
7-10
9- 7
8-22
$1
$1.12% Z
6
8-
1
7-
8-
1
7-20
9-
60C
1
8-10
9-
1
8-10
75C
9-
1
8-10
9-
1
8-10
10-
1
9-10
25c
25c
>
9-1
8-
3
9-15
9-
1
8-
1
1
7-13
7-27
$1.50
98-
1
6-29
$1
•8-
1
7-
:
$1
;
: 9-13
6
8-17
5
8-
1
7-
8-
1
7-23
$1.25
8-
1
7-20
8-
1
t$1.37%
**I*I*
7-13
fl-31
,
*
Scotia
8-
Belleterre
(s-a)
3
Paper, Class A
(quar.)
(quar.)**
7-14
8-15
7-31
8-15
Tquar!)
*
1
7-18
J25c
9-
1
7-31
7-30
7-20
10v
1
8-31
1
8-31
1
8-15
8-
9-15
±10c
8-15
7-12
1
8-
1
15c
HI
I
.8-
50c
(quar.)* "
& Hedaes $2 conv.
pref. (quar.)
Berland Shoe Stores, common
i
7 7c
preferred (quar.)
Bertram (John) &
Sons, Ltd. (s-a)_
7-18
1
8-
t$l
20c
7-13
7-30
10-
^
75c
±$1.75
(initial)
—*
7-31
8-
10c
Products, $1.75 prior pfd.
i
30c
Ties
Mines
7-31
7-31
7c
50c?
t25c
(quar.)
&
Quebec
—
*
7-14
10c
*
Belding Corticelli, Ltd., common (quar.)
77c preferred (quar.)
Belding Heminway Co. (qunr.)__.
Extra
1
8-20
8-15
25c
(quar.)
(quar.)III
Beaux-Arts Apts., Inc., $3
prior pfd.
Ben Hur
v.
$1
*
Benson
(quar.)
(quar.)*
A
ser.
(quar.)***
Ltd. (quar,)
Extra
75c
pfd.
pfd.
(irreg.)**
Baltimore American Insurance
8-
il~l
conv.
(monthly)
Bank
10-11
8-
25C
$2.50
common
Wilcox
7-31
8-15
7-25
5c
&
8-15
8-25
57c
preference
8-15
10-15
7-15*
7-25
8-15
Proprietary, Ltd.—
'
5%%
Ry.,
Corp.'"*^***.*;***^*.'''"
Powder
Ault & Wiborg
9-
40c
7-17
7-31
8-15
$1
(s-a)
1
25c
1
75c :
22 %c
Santa
8-
1
8-
■
.
25c
(initial)
&
preferred
35c
8-27
12 %c
$1.50
II
(interim)
Atlas
7-31
7
.'4% convertible preferred
(quar.)
Associated Telephone
Co., Ltd.—
1
1
1111111
(accum.)
3
8-15
9-14
12%0
8-
1
0-14*
1
(111.)—
9-
10-
1
10-
±68%c
...
(quar.)*.
8-6
75c
Iquar!)*
A
,*..****o.*_*-*-****.*****II*II_Z*
participating preferred
Participating
8-20
-
10-
$1.50
H"
*
•
$3
9-15
1
3
20C
75C
$1.75
*
Company ;.***_^**_**^_*"I-' *"I**:I
Farms, common*.
*I«III
8-15
9-15
0
7-
60c
(quar.)*.
Inc.
30c
75c
California
;
Anheuser-Busch,
25c
Corp.—
Indiana
Fence
50c
9-
8-
1
30c
Atlantic Refining
Co., 4% pfd.
Atlas Plywood
25c
1
8-
30c
(quar.)
preferred
$1.50
*
Co.
Appalachian Electric Power Co.—
4%% preferred (quar.)
8-10
./•t 7-21
20c
$1
:
preferred
f : 8-15
8-25
8-
9-
$$1.25
37 %c
Co., 67c pfd.
(quar.)
(quar.)
Anglo-Canadian Telephone class
5%% preferred (quar )
8-25
$1
;_I
(quar.)
preferred
67o
8-31
8-
75c
$2 preferred
(quar.)
Inc.*
convertible
OU
9-15
9-10
Post
67c
9-20
35c
Water
Anchor
8-23
9-30
$1.12%
(irreg.)I
com.
*
7-24
75c
com.
$5
7-24
25c
t$1.50
25c
Appleton
8-31
_IIII"
HH
III
quar.)
common.
Corp. (monthly)*
(Newark, N. J.) (s-a)**
(first payment since 1917)
(this payment clears all
arrears)__
convertible prior preferred
(quar.)
8-21
12 %c
(quar.)„
Co.,
Products
$6 pfd.
1
8-10
$1.25
Common
1
15c
Co
Standard Brands,
$1.60
1
9-
8-
5
12 %c
:
preferred
8-11
25C
(quar.).***.**
&
(quar.)
77c pfd. IquarTII
Corp., common (quar.)
(quar.)
American Zinc, Lead &
Smelting Co.— ~
57c
1
8-1
9-
7.tc
(s-a)
*******
1
15c
$$2
8-17*
l/32nd
Y.
*-.^*---^*_***^*-*i*i****«.*****«*i'':
9-
I_H
common
Manufacturing
Standard
9-
7-20
8-15
$1,75
American Sugar
Refining
American Viscose
1
8-
-
1
(irreg.)**
or
Export Lines, 5%
American Stove
7-27
9-
5
8-
4c
Paper Goods, common (quar.)
preferred (quar.)
American Smelting &
Refining Co. com
7% preferred (quar.)
9-15
9-30
60c
Quarterly
Standard
6
1
8-10
9-
9-10
75c:
77a
9-15
,10-
$1
.
American
7-30
1
40c
Agricultural Chemical,
67o preferred (quar.)
Southern Railway Co.
(quar.)
Southwestern Life Insurance
;
7 /
7-23
6
7-13
7-31
*;
American Light &
Traction,
6% preferred (quar.)
7
8-
1
15c
cash
Hoe
(accum.)** $$1.62%
(quar.)
(quar.)
in
stock
Fork
10-
8-
8-10
25c
Assurance of N.
Home
1
50c
preferred
Corp._______
B
American
$1.50
Co
class
American
7-31
$t
(s-a)___
payable
of
American Equitable
pfd.
& Socket
1
7-20
50c
i*_*;
American Forging
1
7-31
8-31
1
(quar.)**
(quar.)
7-31
9-
*
(quar.)__
Co.
8-15
8-31
1
1
8-
$1.25
Co., 57c pfd. (quar.)**
Corp. (quar.)**
American
9-
9-
7-16
10-
87 %c
7-31
8-15
of Reo,
Co.—
8-15
9-
******
preferred (quar.)
.,V.
■
7%
prefererd
Stamford
8-14
9-24
$1
Book
3
9-15
H older 1
15c
Business
8-22
8-
$30c-
American Cities Power & Light
Corp.—
$3 conv. class A out. div. series of
1928
8-22
9-20
(Dallas)—~~
7-18
1
$1
,
6
9-20
Gas
Shares, Inc.**
(quar.)
American Car & Foundry common
77c
preferred
(quar.)**
8-20
8-24
Payable
$$1.75
—
American Can Co.
8-20
9-
,.*_
*
Smith
,
6
Spicer
(interim)
8-
9-10
(quar.)
Barge Line Co. (quar.)
American
6
9-1
(quar.)
(quar
Petroleum
50c
;
Brothers, Inc.
Oil
preferred
50c
Arms
Schumacher Wall Board
Skelly
~
12 %c
8-
When
Share
Mfg.
American
8-15
******
Extra
9-29
25c
(quar.)__
Savage
A7o
8-20
50c
10c
pfd. A
Co
15c
$1,298
(quar.)
being given in the
7-20
$2.50
Insurance
Shops
Car
Sherwin-Williams,
1
7-31
7-10
$1.50
(quar.)
Servel, Inc., common (quar.)
$4.50 preferred
(quar.)
8-31
8-15
Louis
Seeman
8-3,'.
9-15
V 75c
(quar.)
preferred
Properties
Ingersoll-Rand Co.
Inland
4
"
pfd.
8-17
9-1
25c
Corp., common
participating preferred (quar.)
III
Seaboard Oil Co. (Del.) (quar.)
Seaboard Surety Co
ZZI
Security Insurance (New Haven)
(quar.) II
8-10
8-15
10c
6
25c
$2
8-20
9-10
8-31
t$3.50
*
1
20c
'
Industrial
Inspiration
v
8-14
57C
Peanut
Amer.
6
8-15
Imperial Tobacco of Great Britain &
Ireland
6
9-12
$22 %c
.
.■
6%
Gas 57c
57o
Saco-Lowell
6
t5c
.
Co.
Car
(Tom)
Illinois
5
25c
(quar.)
AlA%
98-
5c
Co
Creamery
9-15
8-15
37 %c
8-
30c
Rustless Iron & Steel
25c
-
Fire
5
8-
7-31
1
10c
6% %
9-
8-15
1
8-15
8-
American
8-15
$2.50
(quar.)
pfd. (quar.)
1st
Company
Russell-Miller Milling
5
35c
(initial)
Plywood
&
(Paul)
25c
(quar.)
Copper
Mines, Ltd. (quar.)
Hamilton Cotton, Ltd
Hammond Instrument
9-15
37 %c
.
Cananea
Watch
9-
6
7-31
8-
Amerada
9-1
$1
Richardson
9-15
Reliance Grain, Ltd.
■
89-
8-15
25c
8-31
25C
;
Reed Roller Bit Co
4
9-
50c
(quar.)
preferred
non-cumulative
8-14
Hallnor
Hershey
8-
4%
9-15
i
Goodall-Sanford
A7o
8-15
50c
preferred
Hamilton
9-12*
3
$3.50
(accum.)
$1.50 preferred (quar.)
77c preferred (quar.)
Goebel Brewing Co. (quar.)
Green
9-29
1
$1.75
preferred
common
9-10
8-31
Quaker City Fire & Marine Insurance
Quaker State Oil Refining*—*
8-14
25c
A
Extra
$1
8-
9-
30c
.
8-15
$1.37%
;
Railway & Light Securities,
6# preferred A (quar.)
Reading Company—
8-10
8-15
9-15
give the dividends announced in previous
paid.
The list does not include divi¬
we
Amalgamated Sugar
8-20
1
9-
9-28
comomn
(quar.)
Purolator Products $4.50
8-17
(s-a)
Ltd., common (quar.)
67c preferred (quar.) **************!
Aluminum Co. of Canada, 57o pfd.
(quar.).
Aluminum Goods Mfg. common
Amalgamated Leather 67» conv. pfd. (accum.)
7-20
9-10
50c
(quar.)
Princeton Water (N. J. I
50c
(quar.)
1
8-
9-14
32c
(increased)-
7-27
25c
Company (quar.)
Cigar Co., common
•7% preferred (quar.)
General
Corp.,
A
Co.
9-21
$2.50
Gamewell
Phoenix
Food
1
9-10
7
§$3.50
(s-a)
American Insurance
B__
1
8-18
7-30
15c
Aluminium,
3
75c
'
5%
non-cumulative
preferred
(s-a)
Freeport Sulphur Co. (quar.)
Gair (Robert) 6%
preferred (quar.)
General
Company class
8-
t$2
8-10
8-14
30c
Allis-Chalmers Mfg. 4% preferred
Aloe
(A. S.) Co. (quar.)*
Alpha Portland Cement
7-20
3iy4c
,*—.*.**
(quar.)
10-
40c
__
1
t20c
(s-a)
34 %c
(quar.)
45c
(accum.)
Co
8- 7
8-
9-
30c
(quar.)
8-31
8-31
13%c
77o
7-23
8-17
$1.25
25c
Corp
8-
1
1
25c
Co.
Inc.
$1.50 class
Pratt
8-15
35c
announced this week, these
20c
1
&
7-16
9-15
25c
(quar.)
37 %C
*_*.
1
Foundation Investment—
1
88-
9~
25c
(quar.)
common
1
.___
(quar.)
6%% pfd.
Ltd.
Stock
preference
Common
Poor
7-25
25c
Products
Allentown-Bethlehem
8-31
9-15
25C
■*«*
(quar.)
preferred (quar.)
10-
Works
9-15
16c
10-
(quar.)—
(quar.)
Gas
>
$1
25c
Corp. conv. pfd. (quar.)
Alabama Power Co., $5 preferred (quar.)
7
$1.50
.j,*_*********:
&
$1.50
_——
common
preferred
River
Federal
common.
9-
$1.50
Philadelphia Insulated Wire (s-a)
Philadelphia Suburban Water Co.—
6%, preferred (quar.)
6
10c
Fall
$1
8-
5
10-
3
8-18
I
Corp.—
Agnew-Surpass Shoe Stores, com.
7 7o
preferred (quar.)
7-16
$1.75
(quar.)
._
(quar.)
Marine
$1.37%
(quar.)
2
9-21
60c
—
& Bureau Valley RR
Philadelphia Electric Co., common
7-25
J25C
25c
(quar.)
8-
t$l
Peoria
8-
Corporation
Engineers Public Service $5
1
8-15
Steel Products, Ltd.
(quar.)
Manufacturing Co. (quar.)___
Inc.,
9-
50c
8-10
9-
1
Aireon
8-15
$1.50
Common
7-31
12 %c
Eastern
57c
Gas
Co.
preferred
5 7c
Drackett
1
$1.12%
Patchogue-Plymouth Mills
Pennsylvania Glass Sand Corp.—
9-10
8-25
8-31
9-10
8-
8-15
9-
t50c
(s-a)*——
Service 6% pfd.
(quar.)*—.——
Pictures, Inc.
Parkersburg Rig & Reel,
$5.50 preferred (quar.)
,
Eversharp,
Y.)
Paramount
10-10
8-15
Aeronca Aircraft Corp., 55c preferred
8-18
50c
Extra
2
8-24
1
27 %c
.
1
25c
—
preferred
(N.
*.
7-23
7
9-20
f20c
(quar.)
99-
50c
Alloys preferred (quar.)**.
Adams-Millis Corp, -*_.**,—*_*.***.-;****-*,
9-15
1
$1.50
—*
„
1
1
$1.50
—
Manufacturing—
Pacific Gas & Electric 67c pfd. (quar.)**—
5%7c preferred (quar.):.—._**;
5 7c
preferred
(quar.)
—.*—**!«
Pacific Mills (increased)
Pantepec Oil Co. of Venezuela— V
American shares (initial semi-annual)
8-21
*
45c
Co., common (quar;)
6% participating preferred (s-a)
Dixie Cup Co., common
Class A (quar.)
Dominion Bridge Ltd. (quar.)
■_______*
Dominion-Scottish Investments, Ltd.—
,•
preferred
Elevator
67c
Insurance,
Match
$5.50
—
Pub.
preferred
Outboard
8-15
25c
-
9-15
25c
*
*
1
10-
$1.12%
*
Imperial Mills (quar.)*.
Derby Gas & Electric Corp.
$6
Co.—
Liberties
8-31
8-15
Otis
*
9-
9-
50c
1
10- 1
$1
50c
Aluminum
Acme
V
10-
$1
$5
Insurance
9-
90c
8- 4
Per
8-15
75c
Northern
7%
8-10
50c
Nameot Compant
9-28
50c
.
(s-a)
8-20
8- 8
$ 15c
Cosmos
Electrolux
Zinc
Dock
'
(quar.)
preferred C (quar.)
4% % preferred B (quar.)
C*
9-10
25c
8-11*
8-25
56 %c
Insurance
preferred (resumed)—*
Niagara Lower Arch Bridge (quar.)
Niagara Share Corp. 4%% pfd. (quar.)
Noranda Mines, Ltd.
(interim)
9-14
1
62 %c
Fire
8-20
9-28
31V4C
**
Common
Eaton
Brunswick
9-28
30c
4%
1
9-
55c
England Water Light & Power Assn.—
6 7c preferred (quar.)
7-25
6
50c
(accum.)
8- 3
Industrial and Miscellaneous Companies
8
25c
Corp.
.
7-20
#
—,*
..
dends
New
$1.75
i
8-
-
25c
Rubber
9-1
9-
10-31
3
8-
preceding table.
8
10-15
$1.12%
±
5%% pfd. (accum.)
Machinery Co
Neisner
Brothers
(quar.)_—
New Amsterdam Casualty
(N. Y.)
New Bedford Storage Warehouse (quar.)
25C
Telephone $5 pfd. (quar.)
Conduits National, Ltd. (interim).*.—
;**:
Power. Co. (quar.)__
—
Consolidated Gas Elec. Lt. & Pow. (Balt.)»-r-
Diamond
Pumps
National
8-22
8-
;
$3.50
—
(quar.)—
——.—
_
Commonwealth
Del.)
National
8-15
$2.50
(quar.)
common
—
'
25c
.
Gypsum Co. $4.50 pfd.
$5
25c
—.■*•**
1
8-10
20c
(quar.)
Corp. (Del.)
Service,
•'.
15c
preferred-
Register
National
~*i.*W
9-
'
50C
Connecticut
{Wilmington,
Container
National
20c
Stores, Inc., common.
preferred A (quar.)
.' Comtnoil,: Ltd.;**__*—,****.*.
Continental
Cash
1
•
9-15
9-1
50c
Acme
7-20
11-10
8-
8-21
(initial)
preferred
2nd preferred
Below
4
$1
—
75C
5%
Consolidated
Co.
9-10
(Mass.)—
Colonial
Laundries
(G. C.)
(quar.)
1
25c
Consolidated
Corp.
9- 1
Products-*****-,***.—.**
Chicago Corp. $3 conv. pfd. (quar.)
Chile Copper 00.**^*™--,-*-.-.-.****
City Baking 7% preferred (quar.)
City Title" Insurance Co. (quar.)—
Clearing Machine (quar.)
Climax Molybdenum Co.
(quar.)
Consolidated
Machine
&
10- 1
50c
Chain Store Real Estate Trust
$2.25
$2
Company*——
National Automotive Fibres 6%
%
8-
(quar.) **********—**
Gummed & Coated Paper (quar.)
Drill
National
7-31
8-20 '
1
50c
$2.25
$$1
8-10.
1
8-15
$1.20
•:
_
_.
$37%C
50c
8-14
weeks and not yet
preferred C
National
& Co., common (increased)*
8-16
8-14
(quar.)
Ltd.
1st
8-18
National
:
9-
••■••'
8-21
8-10
5c
$1
$1.62%
1
9- 1
8-
7v0
9-
Nashua
8-
1
50c
'
9-15
8-31
8-24
65c
9-
com .(quar.)
1
9-
1
25c
9-20
A
7-23
1
8-
9-15
10-
;
75c
Murphy
class
77c
25C
(quar.)
8-16
7-26
Cannon Foundry—_—
Canada Cement 6%% preferred (accum.)
Canada and Dominion Sugar, Ltd. (interim)
Canadian Bakeries 57c
preferred
Canadian Foreign Investment Corp., Ltd.—
(s-a)
7-19
11-10
Finance
Boxes
1
(quar.)—_*_
Motor
Co.
8-
1
8-10
(initial)
C.)
8-
1
*
Dental Mfg.
(R.
4
9-14
1
pfd.
Industries, Inc
Knitting Mills common
11-10
8-29
(accum.)
York
9-
9-
Woodall
•; 8-15
8-31
8-31
7-25
7-25
$1.50
9-15
8-31
6
6
1
(WO
11-10
9-12
10-1
Williams
4
8-
S.)
7-23
8-
8-21
9-
50c
Chlorine
(S.
8-
1
50c
$750
9-
10-
1
25C
$$1.25
1
White
8-15
1
Twist
Canadian International Investment Trust—
1
9-
12-
Morse
■
common
preferred
1
8-1
25c
Company
Air Brake
New
I
8-
9-
$1.12%
(quar.)
Electric
8-15
(quar.)**
Co
New
7-28
1
12-
8-31
$20C
Reclaiming $4 pfd.
preferred A (s-a)
preferred B (s-a)
(s-a)—
9-15
$$1.25
Weeden
Westinghouse
8-
-
8-10
Westinghouse
3
•') 12-
$4.50
50c
—
&
7-21
7-24
8-15
25c
(quar.)
Mines
D.)
8-
50c L>.'
50c
—
Insurance—
!—
(S.
9-15
8-15
$2.50
Minneapolis-Moline Power Implement Co.—
$6.50 preferred (accum.)
Monarch Life Ins. (Springfield, Mass.) (s-a)
Monsanto Chemical Co., common
(quar.)
$4.50
Campbell Wyant &
—
Company
$4
(quar.)
Warren
75c
:-
8-15
Midwest
Amulet
Waite
8
7-23
$1 >
*
1
8-1
8-
Co.
Electric Corp.
7-31
97 %c
—
(accum.)
Storage
7-31
Wirebound
(quar.)
(accum.)
5
•
Wagner
8
Works
Iron
Dorn
Vick Chemical
8-15
$1.62%
9-
75c
Van
4
8-10
Rec.
7-24
$1.75
Reclaiming 8%
7-15
Westvaco
9-
.
8-
9-30
-
$1
8-25
Metropolitan
'
U.
7-26
.
15c
15c
2C
7-17
8-
87V2C
(quar.)
1
8-15
18%c
(quar.)
8-17 '
1
ot
$1.25
1
8-
\
9-15
9-24
77o
Rubber
Holder*
(quar.).*
com.
United Engineering & Foundry,
S.
9-10
15c
(quar.)
preferred
1
25c
*****
preferred
Amer.
of
Co.
8-
8-15
8-31
25c
preferred (quar.)——
United
Specialties Co
8-15
.
$2
$1.37V2
8-
t
$1.06 Va
(quar.)
AVa%
8-15
25c
.
1945
8-20
25c
common
9-
$1
Warehouse (quar.)
Midland Mutual Life Insurance (quar.)
Midland
Oil Corp. $2 conv. pref. (accum.)
(quar.)
Insurance
9-19
25c
—
(Cal.)
Inc.
certificates
Allotment
$1.25
AV*%
Co.
&
57c
8-21
50c
(quar.)
pfd. (accum.)*
(quar.)
pfd. (quar.)
Biscuit
7-21
9-29
$1.50
preferred A (quar.)
Metropolitan Edison 3.90% pfd.
Metropolitan Industries 67o pfd.
7-31
preferred
7-31
8-31
$1.50
—
6V2V0
8-15
5%
(quar.)
United
8-17
$1
1
1
(irreg.)*
(quar.)
Lines
Air
1
9-
40c
Bag & Paper Corp..**—
Storage .Co.
(quar.)*.
United
Chapman & Scott Corp.—
8-15
Carolina
1
$1
Investment
Frank Co.,
&
37%c
Canadian
1
9-
—
Bonding & Insurance
37 %c
Extra
Union
9-
.*'
Corporation
20c
$1.75
(quar.)
Life
Union
1
8-
20c
$5
8-15
common
States
.8- 4
8-10
8-15
(quar.)
Manhattan
8-15
9-
75c
California-Western
8-31
8-20
*
Co.,
preferred
5'/a%
9-14
ioc
Coal
9-
10-
Tampa
15c
35c
-
10c
pfd. A
Truax-Traer
$1.25
1
Insurance—
6%
9
preferred (quar.)
Refrigerating 8%
Manufacturers Trading pfd.
9-
.
preferred B
8-
$1.50
(quar.)
preferred
67c
1
Lyon Metal Products 6% preferred (quar.)_
Macmillan C-mpany, common (quar.)
-
California Water Service
9-
Lynch
50c
Extra
9
8-23
62 %c
_
Power
8-
(quar.)
10c
37%
1
8-23
75c
Title
8-20
7-31
40c
preferred
5Va %
(James)
•
37'/2c
—;
$1.12 ft
Taylor 67c 1st preferred
Manufacturing (quar.)_
Luther
(quar.)—.**
9-
1
$1.75
Burroughs Adding Machine
Butler
Brothers, common
(quar.)
4% % preferred (quar.)
California
8-15
8-31
1
12V2c
preferred (s-ai
—
(Sidney) & Co
(H. C.)
77c
preferred (accum.)
Bourne Mills (quar.)
Buckeye Steel Castings, common
67c preferred (quar.)
Budd (Edward G.) Manufacturing—
$5 prior preferred (quar.)
California
&
pfd.
2nd
25C
—
9-
$1.50
—
Machine
8-15
$1
(quar.)
(monthly)
Pipe
Oil 4%
Electric Co
—
Taylor & Fenn (quar.)
Thompson (John R.) Co.
Title Insurance Corp. of St. Louis
9-
6%
&
8-10
*
10c
$1.25
(s-a)
(s-ai
8-20
&
7-31
25c
(quar.)—
Company (quar.)
Talcott
4 Monthly
Lord
4
8-10
$1.75
—
*.
(quar.)—,
8-
8-14'
37 %C
-
8-24
$1
Joint
Monthly
;
6'/c
Swift
Payable
.
25c
preferred
7-18
When
Share
class B (quar.)*.
_*—
Swan-Finch
1 -i
9-
7-30
$2.50
preferred
(s-a)—
Groceterias, Inc.
Lock
8-15
9-15
12 V2C
—
1
Extra
7-28
&
Loblaw
*
1
8-15
•
Chemical
Corp. of Texas common
Light
Service
8-15
37%c
common
&
Linen
9-
30c
(quar.)_.
Products Corp.
Fink
Lindsay
1
8-
1
Blumenthal
Die
Lehn
8-15
1
Bohack
Buell
7-23
1
8-15
8-
(quar.)
Co.,
W.)
1
9-
1
$1.50
preferred
8-
9-
—
(E.
$4.50
7-23
25c
preferred (quar.)__
—
Berkshire Fine Spinning Associates common
1%
preferred (quar.)—
$5
preferred
(quar.)
Bethlehem Steel Corp. common
preferred
1
8-
Name of Company
Stouffer Corp.,
■
15c
(quar.)
Machine.
G.), Inc., com.
(R.
Tourneau
$1.05
4%%
$3
Monotype
Le
(s-a>*
common-—
Bliss
Company
Lanston
(quar.)*
(quar.)
Co.,
7% preferred (quar.)
Blauner's, Inc., common
•Lansing
8-10
10c
•vv
—
Inc.
Howell
&
8-iO
1
$1
*
pfd.
(N. Y.)
Bayuk Cigars,
Bell
1
25c
V
(quar.)
—_
B&nkers
8-10
$1
Corp
Locomotive
Baldwin
——
A
pfd—*—
1
1
10O
•:
Kingsbury
Breweries
Co
Kinney (G. R.) $5 prior pfd. (accum.)
La Salle Wines" & Champagne (irreg.)
1-2-46
$2.50
$1.25
9-
10-
*
6
10-
$1.25
£
——-
10-
50c
>;
(quar.)
9-
$1.75
preferred (quar.)
preferred (quar.)
Birmingham & Coast 5%
Atlantic
Macaroni
(quar.)
Brothers
9-
$1.50
7%
ElXtryi
57c
9-
35c
6%
Laughlin Steel, common
preferred A (quar.)—
preferred B
Kable
Corp.
Atlanta
Autocar
7-25
(quar.) —
&
5%
%c
12
tincreased)
Common
5
9-25
87 Vic
(quar.)
*
6%
Gas
Associated Dry Goods
9-
Jones
25c
(quar.).
Natural
Arkansas
8-31
9-26
50c
of Rec.
Payable
•
^
Per
Holiert
When
Per
Holder1
When
Share
Name ot Company
Monday, July 30,
CHRONICLE
THE COMMERCIAL & FINANCIAL
8-
1
7-20
$1.75
8-
1
7-20
$1.25
8-15
±l5c
$i5c
7-26
;
7-31'
8-15
7-31
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4407
162
Volume
Per
Name of Company
Share
Inc. (quar.)
Birmingham Water Works 6% pfd. (quar.)Birunan
Electric Co. common
(quar.)
$7
preferred
(quar.)
Blue Ribbon Corp., Ltd., 5% pfd. (quar.)__
Blue Ridge
Corp., $3 preferred
(optional)
Payable in cash or l-32nd of a share of
common stock
Ami Co., class
B (quar.)
Bon
A
Consolidated
1
Q%
7-16
Retail
Stores,
8%
preferred (quar.).
$2.75 preferred (quar.)
7-16
7-20
7-16
Consumers
Container
683Ac
8- 1
7-25
$1.50
8- 1
7-21
Coon
50c
16c
-8- 1
8-20
7-10
68%c
$1.50
62V2c
25c
$1.25
8-15
9-30
9-10
8- 1
8-1
8- 1
8-1
8-1
$1
Special
5% pfd.
preferred
pfd. (quar.)
(quar.)-
Gas
Co.
(resumed)
B.) Company, common..
preferred (quar.)...
7-21
Crown
7-21
7-
3
6%
8-17
9-15
7%
Ltd.
7-12
7-20
Culver &
8-29
Port
Extra
Cuneo
Clinton
RR.
1
8-
1
Corp. (quar.)
7-31
7
General Steel Wares, Ltd., common
(interim)
5% preferred (quar.)___
7-
1
8-
25c
7
Georgia
Home
Insurance
(s-a)
50c
8-
1
1
7-17
1
8-15
7-30
7-16
8-15
8-
(quar.)__
$1.25
8-
1
7- 2
(s-a)
25c
8-
1
7-20
Godfrey Realty Corp. (Montreal) (initial)__
Goodyear Tire & Rubber, common
$5 preferred
(quar.)
________
Gibson
Fire
&
Marine
Refrigerator
Company
Insurance
(initial)*,
15c
1
7-19
Gilchrist
8-15
7-16
Gillette Safety Razor, $5 preferred
43%c
8-15
8-6
Globe
9-1
8-13
9-18
9-15
12'/2c
8-15
8-
6
11-15
11-
•
5
37'/2c
8-
1
7-20
&
Gordon
&
Class
B
Grace
25c
Republic Insur. Co. of Amer.
Belyea,
Ltd., class A
National
8- 6
9-~l
9-15
9-1
9-15
8-
7-17
$1.75
25c
8- 1
8-15
7-17
Dallas Pwr. & Light, 4Va%
pfd. (initial quar.)
1%
preferred (final)
$1.13
(A. M.) Co. 7% preferred (quar.)
Byron Jackson Co.
(quar.)Caldwell Linen Mills, Ltd. com. (interim)—
$1.50 1st preferred (quar.)—
——
80c 2nd participating preferred
(quar.)—
$1.75
8-
1
7-31
Dallas Railway &
(quar.)
$1.75
8-
1
7-23
Great
1
37y2c
10-
1
9-21
Great
$$l
(quar.)
7-10
8-
7-10
Decker
Calgary Power Co., Ltd. 6% pfd. (quar.)—
California Electric Pr. Co. $3 pfd. (quar.)-
1$1.50
8- 1
7-10
Delaware
75c
8-
7-14*
10c
8-1
7-25
8-15
8-15
7-31
5
Pacific Trading Corp.—
California
Preferred
(accum.)■
37V2c
(quar.)—
62'/2c
preferred (initial)——
—
Callite Tungsten Corp———
—
Canada Iron Foundries, Ltd. com. (s-a)
6% preferred (s-a)t';—
—■——
Canada Southern Ry. Co.
(s-a)
30c
10c
115c
130c
t$1.50
Co., Ltd. 7% pfd. (s-a)—
Ltd. com. (initial)
conv.
Bronze
preferred
—
Canadian Industries,
B
Class
Ltd., class A
(quar.)
Investment
Canadian
Canadian
Corp., Ltd.
Ltd. common
8%
preferred (quar.)
Canadian Pacific Ry.; 4%
Carrier
4Va%
Corp.,
Tractor
5%
8-15
8-
10- 1
8- 1
8-1
7-31
10- 1
7-31
7-31
8-
l
pfd.
.
•
(New
York)
7-31
Ordinary
6-29
Dividend
7-16
(quar.)
& Light Co.
7%
de
Cerro
8- 1
8-1
8- 1
8- 1
9-1
7-16
2nd
7-11
4j/2 %
Common
8-17
6%
Belt
Chain
Co
.
7-10
Corp.—
5%
Orl.
New
(quar.)—
& Texas
Pac.
5%
Stores
25c
Co..
Class
A
common
dividend), >two
share
Columbus Foods
additional
held——
Corp.
preferred
Connecticut
6%
Connecticut
6%
$4 cum.
Chemical
pref.
Class A
Edison Co. of New
preferred
Extra
—
1
i——'
8„
=
i
8-25
1
9-
8-11
6%
1
8-11
Horn
7-20
5%
8-24
8-24
30c
8-
1
7-16
$1.25
8-
1
7-
6
$1.50
8-
1
7-
6
(quar.)_
7y2c
preferred
RR.
8-10
7-30
25c
9-17
9-
32 l/10c
8-13
25c
9-
$1.25
8-16*
1
8-15
8-4
25c
7-14
7-31
$2
7-17
1
7-25
8-
Instrument
8-~8
4V2%
n
1
,c
~
Class
iv
A
Indiana
9-17
Industrial
37/2c
V
-
B
(quar.)
Firestone Tire
7-20
First
7-20
'
-
,,10c
*
8- l
8- 1
7-31
.4^;7-31
,
.15c r 10- i
'-'H" 25c
10- 1
-
8-15
$$1.50
8-
8-15
35c
10-
4
8-11
Boston
pfd.
7%
(quar.)
7-
6
Kleiser
&
9-15
9-5
9-15
9-
9-
1
8-15
7-31
7-21
5
Franklin
Fire
Insurance
Froedtert Grain
Fuller
9-25
7%
1
8-
4
common
Class
Garfield
6-27
7-7
..
r
9-15
8-
1
7-20
7-3l
7-16
25c
15c
common
7-20
"'jyy:
1
7-16
8-
6
7-16
8- 6
7-16
25c
(quar.)—
vtc
.
8-15
75c
.
$2
Silica
$2
$1.75
8-
Stock
and
Internat'l
?
t——ry—- v.
^
—
$5
10%
-7Va %■ 5 -8-30
•
7-24
1
7-23
8-
6
7-30
1
7-15
7-20
.7-24
9-10
4
7-10
8-15
8-10
9-
1
8-17
8-11
9-
1
9-
l
8-11
8-
1
7-23
9-29
9-20
12-30
12-20
8-
1
fl-
1
fi-29
8-20
40c
■7-25
8-
1
$i5c
9-
1
8-20
$37y2c
9-
l
8-20
(quar.)
(quar.)
pfd
*
&
6-29
8-
$1.62ya
7-10
1
9-10
9-
8-
1
7-14
40c
9-31
7-31
$0.0375
Coke,
Corp.
of
7-31
(quar.)
40c
pfd.
($5
preferred
6%
Iron
Fireman
1
7-16
$1.75
9-
1
8-
J50c
8%
8-
1
7-19-
8-
1
7-19
$$1.75
8-
1
7- 3
+834c
8-
1
7-
37y>c
9-
1
8-15
87V2c
8-
1
7-20
9-
1
8-15
10-15
9-15
25c
Ltd.—
prefererd
Co.
(quar.)
$75c
(quar.)
(stock
30c
■
dividend)
Jewel Tea Co, Inc.,
Johnson & Johnson.
2nd
20c
8%
1
7-14
8-15
7-25
8-
1
7-15
9-
1
8-25
8-
1
preferred
7-18
$4
7-31
7-31
$1
8-
1
7-13
8-
1
7-18
(s-a)__
(quar.)
Stove & Furnace Co. (quar.)
Vegetable Parchment Co.—
" -30c
11-10
Kerr
Utilities
.Gold
Lake
=8-
$1.06y4
pfd. (quar.)
>
:
*
200
^ 15c
-
9-15
9- 5
if>p
Kearney
Kellogg Switchboard & Supply, com. (irreg.)
5%
preferred (quar.)
Ker*
7-14
lOc
(quar.)
Department Stores (quar.)
& Trecker
Kentucky
8-10
11-l(V
$1.25
4!A%
preferred
1
8-1
25c
common
19-is
25c
7-28
7-10
37%c
8-15
8-
1
15c
7-31
7-
3
$1.25
7-31
7-
3
8-20
8-
1
Kaufmenn
11-10
9-
3
32-1
1%
preferred
(quar.)
Gas
Corp.
Knitting Mills,
preferred (quar.)
4
7-16
$$1.50
(quar.)
(quar.)
Corp., common
common
7-21
$$1.50
Jacksonville
4%
8-16
30r.
Ironer
8-22
1
8-
(quar.)
(quar.)
Mfg.
9-10
8-
Quarterly
Ironrite
7-20
25c
par)
Foundation.
convertible
7-20
1
tiy2c
Intertvpe Corporation (quar.)
Investment
1
8-
$1.50
($100 par)
preferred
$3.50
6-30
8-
$1.12 V2
(auar.)
7%
1
Canada—
preferred
Utilities
7-15
7-31
$1.25
(accum.)_
Corp. (quar.)_
Ltd. (interim)
7%
t^11*25
11-25
8-
8-
$25c
(quar.)
7-24
7-12
8-11
8-15
(irreg.)
7%
Common
--8-30
7-28
1
1
$1.25
Machines
(quar.)
9-15
8-15
89-
15c
Shares
International Nickel Co.
Common
-7-13
7-28
$1.50
Holdings, Ltd
International Metal Industries, Ltd.—
6%
convertible
preference
(quar.)
6% convertible preferred A (quar.)
Kalamazoo
10- 1
8- 1
1
8-15
$50c
International
Kalamazoo
;r;
3
9-
7-16
5%
(quar.)_,
com.
pfd.
6J/2%
shares
Business
I
7-14
7-16
7-20
8-
1
$25c
Bond
7-20
1
9-27
20c
Tel.
Group
17-16
8-
1
8-29
8-
12y2c
(quar.)
(quar.)
Interchemical Corp., common
4 y2 %
preferred (quar.)__
1'
8-
.
—
A
Ltd.
pfd.
Corp.,
•«- 1/
-
j
15c
———
>
:
10c
,
8:
Institutional Securities, Ltd.—
5%
8-
-
(final)
Colour,
Jantzen
25c
Baking
General^ FltiaaicC^^ Oorp. 6%
6% preferred B (s-a)
7-20
I
87V2c
$3 conv. pfd.
Co., Ltd.—
1
B-
10-1
Corp.—
(quar.)
Co.,
8-
$1.75
—
Building
/■:(;;/.Extra
841
Corp.,/ common
Ordinary /registered
9-15
8-15
,
Industries_______—_—
General Electric
7-20
-50c
—
—
.7-7
7-20
1
(s-a)____
Co., common..
•8% preferred (quar.).
General Cable Corp.. 7% pfd. (accum.)_—
7-17
11-20
1
8-
(quar.)___
Securities
Gardner-Denver Co.
8-15
1
8-
60c
A
Gar- Wood
12-
5c
_L_—_———-—
preference
Service
A
8-20
15c
(quar.)
Industrial
$3.50
Fulton
6-30
Co.,
AA
1
25c
*—
(Phila.)
9-
17%c
& Malting (quar.)
preferred
Fulton
4
8-
Brush
Common
19-24
9-
J7,/2c
11-21
$1
Investors
Associated
International
________
&
partic.
conv.
Coal
$1.50
—
preferred
Foster
Var.
$1.50
Incorporated
Detrola
$1.12 Va
(quar.)—
(quar.)
Foote Bros. Gear & Machine, common
60c convertible preferred (quar.)—
7-16
Imperial
International
15c
1
8-1
$1
International
7-21
8-21
12-
$2
(quar.)
International Harvester Co.
7-16
7-13
1
" $1.50
pfd.
common
7-21
1
1
9-
$1.50
(quar.)
8-31
15c
Rubber, 4l/2%
Corp
Co.
9-20
7-31
8-
25c
$1.25
1
8-
7-13
52y2c
7-31
—
&
(quar.).
common
9-10
$1.50
1
40c
(initial)
30c
(quar.)_
8-
5
$1.75
37V2c
—
7%. preferred
'•
,5c
0-15
Fitzsimmons Stores, Ltd.—
i
®* *
*.
25c
1
5
8-15
$1.25
(quar.)
preferred
7-27
-
pfd.
Power
4%
8-10
$1.C6y*
6%
Inc.,
preferred
7-14
(quar.)
Class
7-31
9- l
9" 1
:
preferred
(quar.)
Products,
5%
7-21
10-
5
1
Huttig Sash & Door Co.—
1
Finance Co. of America at Baltimore-
9-11
l
9-29
12-31
9-15
,
preferred
Fibreboard
1
Co.
preferred
Insurance
Federal-Mogul Corp.
(quar.)
Federated Dept. Stores, Inc., com. (quar.)—
K 7-20
Y.), com. (quar.)
(quar.)
Hussman-Ligonier
1
(Syracuse,
______
preferred
8-
9-15
9-
12-
9-
$1.50
(N.
Inglis (John). Ltd
Fire Insurance Co. of Canada (s-a)_
Federal Insurance Co. of N. J.
(quar.)
7-20
(quar.)
Hummel-Ross Fibre Corp.—
6% preferred (quar.)
8-
12-15
9-15
*
50c
(quar.)
(quar.)
(Joseph), 6% preferred
50c
Federal
7-20
common
Idaho
9-29
7-16
25c
8-17
12-20
1
12-15
>
•
$1.06 Va
11-16
$1.25
8-
40c
(quar.)
1
$1.25
9-18
10-16
25c
(quar.)
5%
preferred (quar.)
Hydro-Electric Securities Corp.—
5% preferred Series B (s-a)
1
8-21
g-28
-60c
(Balt.)^
common
8-15
10-
8-31
25c
Barbizon, Inc. (quar.)
Lighting & Pwr. Co., $4 pfd. (quar.)
Hub Loan 5%
preferred
Hudson Bay Co. (final)
Hudson Bay Mining &
Smelting (quar.)
8-1
3c
1
-.10-26
30c
Houston
$1.75
—
8-21
$1.25
(s-a)
7-26
$2.50
$1.50
Insurance
Hardart Co.
$1.50
(quar.)
Electric
York)
1
7-lfi*
9-
31c
$1.75
9-
50c
7-25
8-31
(quar.)
12-1
$1.25
7% preferred (quar.)
preferred (auar.)
&
Fire
preferred
$2.25
8-15
9-10
25c
(New
preferred
7%
7-25
$1
$1.25
(irreg.)
—
9- 1
$1.25
-
Gregg,
Camera
8-15
Co.—
8-
75c
$1.50
(quar.)
6%
5
3
75c
Inc.—
Huntington Water Co., 6%
1
9-
50%
(s-a)
1
7-5
78-
30c
common
Co.,
preferred
Horne
7-16
7-31
7-31
Hotel
1
8-
$1.01'A
pfd.
&
1
8-15
;
(quar.)
Electrochemical,
&
7-20
30c
Co.
Horder's, Inc. (quar.)
(George A.) Co.,
6
R-
$1.50
(quar.).
&
Insurance
$4.25
9-
48%c
Quarterly
General
0 $1.25
—
9-10
1
8-
Brewing
Federal
8-15
$9
—
——i
Hooker
8-
46 l/10c
Farmers & Traders Life Insurance
7-24
9-11
Inc.—
-
9-15
8-15
20c
preferred
•
—
Homestead
7-16
8-15
8-
$1.06'A
(quar.)
Hormel
$5
9-14
10-
51 50
(quar.)
Home
7-21
-
*
i*1-50
W 50
25c
60c
55c
.
7-13
1
50c
75c
A
9-20
15c
$5
7-16
o
75c
—•—
Consolidated Press, Ltd., class A (quar.)—
Extra
8- l
8- 1
35c
(quar.)——-—-—
Consolidated Lobster, Inc.
9~2J
4..J
Co.—
(quar.)
class
pfd
7-14
7-16
;
preferred
1
10-15
6-27
1
common
E.)
Corp.
(Henry)
8-1
25c
2
8-10
«c2
York, Inc.—
$1
Sugar
10- 1
8-
7-23
$1.621A
A
$1.25
7-14
11-
9~10
Co.—
Industries,
class
Corp.; 6% preferred (s-a)
Metallurgical Corp.—
preferred (quar.)
$*
•
—
:
Power
8-15;>
6c
—
&
Co.
Fairchild
7-20
8-15
(quar.)————
partic.
Consolidated
«(quar.)
Faber Coe
Fairbanks
8-11
8-
(Del.)—
(S-a)_
River
8-28
8-15
8-15
*
Passumpsic Rivers RR.
preferred
Consolidated
$5
&
preferred
9-29
8-13
37/2c
43 Ac
(quar.)_.
Connecticut Light & Power $2.40 pfd. (quar.)
$1
Inc.
5y2%
preferred
8- 1
12- 1
8-15
v
Inc.
Holt
8-20
$1.50
5%
preferred (quar.)
Eureka Pipe Line Co
shares
-
7-15
15c
10-15
9-28
1
*
7-15
30c
7-16
-7-16
i5c
preferred
(Charles
7%
7-31
15c
Electric Light,
Holly
1
7-31
15c
Common
Hires
1
$1.12»/a
preferred
Kalamazoo
5%
7
7
68%c
——I—-—I-
preferred
7-
7-
&
Hilo
5%
9-10
7-14
Erie Railroad Co.—
7-30
H.), -.7% pfd. (accum.)—
Confederation Life Assn. (Toronto)—
$2.20
7-16
Falstaff
(quar.)_*—~—
.
2
Fansteel
-r~-
Congoleum-Nairn,
7-
Co.
9-
Employers Group Associates (quar.)
Eppens Smith Co., Inc. (s-a)
Equity Corp.
$3 preferred
(accum.)^
7-20
Concord Gas .(N.
Quarterly
Quarterly
7-31
—-—.•
Commonwealth Investment Co.
1*
'
common—
__
11-13
8-
Co.
7-23
Commonwealth Edison Co
Commonwealth International Corp., Ltd.—
Quarterly
8-18
8-1
37y2c
Ely & Walker Dry Goods (quar.)
Empire District Electric, 5% pfd. (quar.)
Empire Steel (stock dividend)
8-15
12-24
$1.25
$1.75 preferred (quar.)
—
Columbus & Southern Ohio Electric Co.—
6%%
9-15
*
Higbee
1
Elgin National Watch Co
7-31
preference
each
6-29
Bartlett
$1.75
Electromaster,
6
$3c
25c
25c
87'/2c
52c
25c
$1.50
$1.25
(quar.)
Columbia Pictures Corp-.—
$2.75 convertible preferred
(quar.)
Columbian Carbon. Co. (quar.)
————,
for
convertible
10c
preferred (initial quar.)
$4.50
preferred
(quar.)——
Colorado Fuel & Iron Corp. (quar.)
—
Columbia Gas & Electric, 6% pfd. A (quar.)
Cum. preferred 5% series (quar.)_.
(Stock
6-29
7-31
8-
7-20
1
8-
(quar.)
common
Hibbard, Spencer,
(Monthly)
(Monthly)
(Monthly) C
1
(quar.)_,
8-20
9-
1-2-46
8- 1
8- 1
$5
$1.25
(quar.)
common
7-31
Co.
(quar.)_
9-
(quar.)
Corporation
Electric Bond & Share Co., $5
$6 preferred
(quar.)
8-14
9- 1
6-30
8-15
9-
30c
preferred B
8-
(quar.)__
7-20
1
1
$1.25
$3.50
cum.
9-14
98-
12'/2c
12y2c
(quar.)
1
5%
8-15
8-
common
$4 convertible preferred
25c
conv.
&
Heywood-Wakefield
$12i/2c
(initial)
4y2% preferred (initial)
Erie
Coast Breweries, Ltd. (quar.)
Cockshutt Plow Co., Ltd. (s-a)
5%
8-10
(quar.)___
Ekco Products,^ common
4
$3.50
—
(quar.).
Colgate-Palmolive-Peet,
5%
7-24
$1.50
50c
City Water Co. of Chattanooga—
5% preferred (quar.)—
Cleveland, Cincinnati, Chicago & St. Louis Ry.
Common (s-a)
_;
5% preferred
(quar.)——
.——_
Club Aluminum Utensils
(resumed)—
New
8-
9- 1
12- 1
Utilities
City of Paris Dry Goods Co.—
7% 2nd preferred (s-a)
6%
8-15
9-28
$1.25
$1.25
common
Edison Brothers Stores 5%
Ry. Co.—
City of New Castle Water Co.—
6% preferred (auar.)__
City of New York Insurance
City
8-
$15c
preferred
Eastern
7*
Elliott
preferred (quar.)—'.
preferred (quar.)
Citizens
7-31
7-31
7-24
7-
preferred
7%
7-16
10-15
6-30
East St. Louis & Interurban Water Co.—
8- l
8-1
8- 1
9-1
7-14
1
$10c
(quar.)
8-10
7-20
■
50c
25c
25c
7-14
1
8-
$30c
9-20
1
9-20
8-25
1
8«
•
1
683Ac
(quar.)
4
25c
6%
_
Oil
(quar.)
4%%
preferred
(quar.)
Duplan Corp.
Duquesne Brewing (Pittsburgh)
(quar.)
Duquesne Light 5% preferred (quar.)
Dwlght Manufacturing Co
Eagle-Pitcher Lead
(quar.)
:
•8-
10-1
10- 1
$1.62y2
70c»
20c
$1-25
20c
62y2c
——
Cherry-Burrell Corp. common (quar.)
5%- preferred
(quar.)——
Chesapeake Corp. of Va._
Chicago Great Western, 5% pfd. (accum.)__
Chicago, Wilmington & Franklin Coal Co.—
Quarterly
Chicago Yellow Cab (quar.)—
Cotton
8-
$$1.25
__—
Dun & Bradstreet
7-14
7-23
25c
preferred ;(quar.)__
Cincinnati
Class B
7-14
Company,
7-31
;,
Dominion
preferred
Hecht
7-14
7
9-
10c
Va % preferred (quar.)_
Hercules Powder Co.. 6% pfd. (quar.)
Hershey Chocolate Corp., common (quar.)__
8-15
9-
683Ac
7-17
8-1
1
$1.75
(quar.)
Department
9-1
7
10-
4%
(quar.)
Util., 6% 1st pfd. (accum.)
Store, 6% preferred
Havana Elec.
Hearn
8-15
9
9-
4%
preferred
6-28
'$20c
7-
1
of America—
7-14
7-31
7-16
7-28
10-
$1.50
(quar.)
6-30
$75c
Dominion Woollens & Worsted
Donnacona Paper, Class A
7-31
8- 1
$1.12va$1.50
National Bank' (s-a)
Chickasha
8- 1
8- 1,
8-16
r
15c
45c
75c
—
—;
.
—£
Investment
Store
$6.50
Chase
$1.75
$1.50.
—
—
(accum.).
prior preferred
Chain
8- 1
8-15
9-25
7-31
lOc
7-31
$20c
Ltd.
1
1
"
7-30
$37J/2c
6-30
5!/2%
8-
$$1.25
(quar.)
_____;
Stores,
9-
10-
,
25c
preferred (quar.)
Linoleum
6y2 %
Light
8-13
8-15
7
$1.25
dividend)
Times
.
7-14
1
34%c
dividend)
(stock
Electric
(quar.)
&
(stock
B
California—
Hartford
$$3
9-
8-
25c
$30c
(quar.)_
(quar.)
Oilcloth
of
7-14
1
9-15
25c
Company (quar.)
Co., 6% pfd. (quar.)
Co.
7-7
$$2.25
preferred
A
Class
6-28
7-30
$2.50
Watch
Oil
1
8-13
3
8-21
8-15
15c
(quar.)
1
preferred
Dominion
-
(initial quar.)
prior preferred
7-25
Inc.
8-
(interim)
Dominion Malting Co., 5%
Products—
Certain-teed
8-10
1
Anglo Investment—
Extra
—
Copper—
Pasco
1
2c
Extra
7-16
(irreg.)—
Trust
Shares
Century.
Hancock
Dominion Tar & Chemical, 51/2%
pfd. (quar.) $$1.37y2
Wire Co—.
Central Steel &
Hamilton
8-17
Stores,
Hartl'ord
5% preferred (quar.)—
Dominion Fabrics, Ltd.j common
1st
Hallicrafters
8-17
1
Hat Corp.
Dominion
6%
Brothers
1
8-
7-20
8-
25c
9-
9-
1
1
15c
8-
Mines, Ltd. (quar.)
Dominguez Oil Fields (monthly)
6-30
Hale
8-
8-15
9-
50c
& Ohio RR., $5 preferred—'
Corporation (quar.)
:
9-
1VA%
2 J/2%
1
7-11
$1.25
8-17
8-25
25c
(quar.)
preferred (quar.)
9c
(quar.)
5
$1.50
$1.25
(Mass.)—
(quar.)
(quar.)
preferred
preferred
6%
9-1
1
30c
preferred
$$1.25
Trust
8-
25c
$1.75
preferred
5%
Oil
6
7-24
7-24
9-
$1.75
Mobile
Gulf
8-
1
1
31'Ac
(s-a)
Harrisburg Gas 7% preferred
Harrisburg Railway Co
Shares
Common
convertible
Gulf
75c
(quar.)
7-
9-20
5V2%
1
30c
registered
&
Insurance
Griggs Cooper & Co., 5%
Grocery Stores Products
Class
(s-a)
Dome
7-18
1
25c
Extra
6-29
Fire
Dredge & Dock (quar.)
Great Lakes Engineering Works
Green,(H. L.) Co. (quar.)
Griesedieck Western Brewery Co.—
12-24
Distillers Co., Ltd.—
6-15
Central New York Power Corp.—
Central Power
Investment
preferred
Motors Corp.—
preferred (initial quar.)__
Knight 7% preferred (quar.)____
&
5c
participating preferred
Shoe Corp
5%
8-15
8-
8-15
10-
'8-15
8-
8-
$3
/
(s-a)
convertible
$1.25
Diocesan
8-31
12c
1
12-24
Distillers Corp.-Seagrams, Ltd.—
8-1
preferred (quar.)
._
Central Foundry 5%
preferred (quar.)
Central Hudson Gas & Electric Corp.—
Common (quar.)
(quar.)
(quar.)
7-10
56V4C
75c
$6
10-
8-15
9-15
$$2
Extra
8-15
10- 1
8-1
12VaC
7-20
$1.75
Diamond
7-10
8-1
8-15
Central Arizona Light & Pwr., $7 pfd. (quar.)
A
7-20
1
50c
class
5%
2
1
$1.75
(cuar.)__
preferred
6%
8
8-15
$$2
: -2%
—
Raynolds
B
7-
88-
Diamond. Match Co.—
6-23
$25c
-
&
7-31
$2
preferred (quar.)
Devoe
7-26
8-28
75c
*
(quar.)
Detroit-Michigan Stove Co.—
7-14
7-11
9-30
9-20
25c
Co._
1
10-10
7-16
9-15
Graham-Paige
Graton
$1
Co., 8%
Supply
1
25c
preferred
10- 1
$10c
(quar.)———
Corporation, common
preferred (quar.)—
5%
7%
7-31
5%
———«,
Celotex
Dentists
Light
?.
$1.25
&
Class
15c
non-cum.
(quar.)
(quar.)
(quar.)
debs, (quar.)
prior preferred (quar.)
(N. Y.) 7% pfd. (quar.;__
7-15
(quar.)
(quar.)
preferred (quar.)
Co. (increased)
Cohn
Power
convertible
7-15
Ltd.
Fund,
Investors
Oil Cos.
Caterpillar
(quarJ—
—_—-——
Canadian
8888-
185c
$37'/2c
$$1.25
175c
$62V2c
$$1.25
$$1.25
preference (quar.)
Co., Ltd. com. (quar.)—
(quar.)
Canadian Converters, Ltd. (quar.)
Canadian Food Products (quar.)
$3.40
5%
preferred
Hudson Co.
&
pfd.
preferred
Mfg.
$6
1
9
1
1
8- 1
Breweries,
Canadian
&
6%
7%
Delaware
120c
—
Starch
1
$$3.50
$1.20
Canada
(Alfred)
Terminal
Dennison
5%
preferred (quar.)_
California Water & Telephone—
Canadian
$1.12y2
—
1 :
—
Caliiornia Packing Corp., common
.
(quar.)
8-15
50c
Lakes
8- 1
8- 1
Darling Stores Corp.,
Davenport Water 5%
(quar.)
138c
120c
$25c
preferred
1
$40c
Bank
Eastern
8-
7-10
4"/2%
7-17
$1.25
(quar.)
91%c
$1.75
Byers
7-17
7-3
1
9-
9-
9-29
1
8-15
88-
2J/2%
(s-a).
$20c
$$1.25
15c
Extra
Gibralter
9-29
8-
50c
7-20
8-31
$2
7-17
8-15
<s-a)__
1
$1.75
7-31
$1.50
(accum.),
7-
1
1
(quar.)
8-15 *
Castings Corp.—
preferred
$50o
Co., com.
common
1
11-
8-15
Shoe
12y2c
Inc.,
8-
11-15
Steel
$6
8-
(s-a)
Press,
7-31
$i
General
8-
$1.25
8-
$1.50
General
4
9-
conv.
7- 9
A
7-30
60c
(quar.
7-10*
1
$1.25
7-27
$1.50
class
8-31
$$1.75
preferred (quar.)
Corp., $5 conv. pfd. (quar.)
8% preferred (quar.)
Cuban-American Sugar, 1% pfd, (quar.)
9
1
Co.,
l
(quar.)_
8-
8-15
$1.75
(quar.)_
8-15
$i
8-31
25c
of Rec.
Advertising 6% pfd. (quar.)
partic.
cum.
Holder*
8-15
40c
Corp., $5 preferred
preferred
$4
Payable
40c
8-20
.
$2.25
Crown Zellerbach
Crum & Forster,
7-20
8-
Seal
&
Crown Drug Co.,
7-24
7-30
7-30
9-12
Cork
Motors
General Outdoor
8-
.
8-25
Foods
General
When
$h.are
Corp. (quar.)
General Metals Corp.
(s-a)General Mills, Inc. (quar.)
9-14
1
9-
30c
(W.
1%
1
8-15
Glass, Ltd. (quar.f50c
Corp. of America
25c
Corn Exchange Bank Trust (N. Y.)
(quar.).
Corrugated Paperj Box, Ltd. T/o pfd. (quar.)
Courtaulds, Ltd.—
'
Ordinary registered (interim)
9-20 *
$1.25
Buffalo
Consumers
7-31
25c
20c
20c
12J/2c
—
Bolt Co. (quar.)
Bullock's. Inc. (Los Ang.)
8-10
General
9-14
1
10-
31 V*c
;
Continental Gas & Electric
—_
10-
50c
(quar.)
(Reading, Pa.).
7-18
Name of Company
4'f
(quar.)
preferred
9- 1
1
8- 2
683/4C
7-31
.
9-14
$2
7-31
Per
of Rec.
10
Consolidated Vultee Aircraft Corp.—
conv.
497
Holdert
Payable
20c
common—
$2.72
75c
Company
Share
Inc.,
preferred
$1
62J/2c
(quar.)
Teller, Inc. 5%% pfd. (quar.)—
Booth Fisheries Corp., $6 pfd. (quar.)_
Boston Edison Co.
(quar.)
Boston Fund, Inc. (quar.)
Bourjois, Inc, $2.75 preferred (quar.)
Brandon Corp., class A
Brewing Corp. of America (quar.)
Broadway Department Stores, common
5% preferred (quar.)_>Bronxville Trust (N. Y.) (quar.)
Brooklyn Union Gas Co
5%
Butler Water Co. 7%
Name of Company
7-25
9-
When
Per
of Reo.
$1.25
Bonwitt
Burlington Mills,
8-15
9-15
8-1
8-1
8- 1
Holdet I
Common
Class
Buda
Payable
25c
$1.50
25c
$1.75
$62>/2c
Co.,
&
Best
When
7%
junior
Mines
Mines, Ltd.
pfd.
(quar.)
(int«»«nilfii'
(resumed).
-87'Ac
r
$cc
$5c
*
19-
*
7-31
-
8-1C
8-
2
THE COMMERCIAL & FINANCIAL
498
Name of Company
Share
Kings County Trust Co. (Brooklyn)
Klein (D. Emil)
Co., Inc. (quar.)
Knickerbocker Fund (quar.)
$20
25c
(quar.)
(S.
9-15
9-15
9-15
8-25
8-15
Nation-Wide
Machine
(quar.)__
Co.,
&
Co., common
preferred (quar.)
Lebanon Valley Gas Co.,
62Vic
25c
25c
$1.75
$3
10c
62Vic
75c
50c
25c
J2c
20c
.
6%
Tailors
(irreg.)
—
$1.75
25c
25c
87 %c
Class B
3
9-
1
10-
1
8-28
9-15
10-
1
9-
5
9-22
8-15
8-
11-
5
1
8-
12-31 '
1
9-15
10-
1
9-15
8-
1
10-
,7-13
8-
1
7-16*
8-
1
7-14
8-15
8-
Boston
Niquero Sugar
9-10
8-25
New
8-
1
8-10
8-
1
7-26
11-
Lord & Taylor, 8%
Fire
8-
9-
1
8-15
1
7-14
pfd.
11-
1
10-15
(quar.)
$2
$2
&
9-21
12-22
1
7-16
15c
9-10
8-17
25c
8-
1
8-
8-1
$2
7-23
(quar.)
North American Car Corp., common
$6 1st preferred A (quar.)
$6
North
7-17
North Carolina RR.
North
7-17
Northern
preferred
Mackintosh-Hemphill
Madison
8-15
8-
4
Noyes
(quar.)
Co., 4%%
Shirt
Marathon
Fully participating
Marshall Field
&
preferred
5%
¥7-20
8-
1
7-20
20c
7-31
7-15
$1 50
8- 1
7-10
$3
8-
7-
(accum.)
Outlet
8-15
1
7-16
Oxford
8-
1
7-16
Pacific
40c
8-
1
7-14
Pacific
8-31
7-20
8-
1
7-20
9-10
8-30
9-
8-
—
20c
I
(quar.)
37%c
$1.25
Melville Shoe Corp., common
(quar.)
~ ~
4% preferred (initial quar.)—
Mercantile Acceptance
Corp. of California—
6%
preferred (quar.)_
6% preferred (quar.)—
ZZ
5% 1st preferred (quar.)
preferred
7-20
3oc
9- 5
30c
12- 5
&
Cold
Storage
common..
4%%
preferred
(quar.)
5%%
preferred
junior
$6
preferred
lien
(quar.)
&
5%
2
(accum.)
(quar.)
Monarch
7%
1
7-14
8-
1
7-14
8-
1
7-14
9-15
5
7220
Pere
1
7-14
8-15
8-
8-
7-16
$1
a
1
9S
«2
8-
$6
t
10-
1
9-14
10-
1
9-14
$1.50
8-
1
7-12
t$i
participating preference (quar.)
Moore Drop Forging
Co., 6% pfd. A (quar.)
Morrell (John) & Co.
(quar.)
9-15
9-15
8-15
75c
$1.50
n-15
8-
50c
___
Morris Plan Bank of Cleveland
(quar.)„22
Mount Diablo Oil Mining &
Development Co—
7
40c
8-
1
01
1
8-
1
7-21
7-14
7-25
'
i„
9-
—22222222222
.17 preferred (quar.)—
$7 preferred (quar.)—
3
8-15
ic
9-
3
8-15
$1.75
(quar.)
_
9-
1
8-11
$1.75
Muncie Water Works Co., 8% pfd.
(quar.).
Munsing Paper 5% 1st preferred (quar.)—
Muskegon Motor Specialties—
12-
1
11-10
$2
25c
.
preferred
prior pfd.
Ltd
preferred
50c
9?15
9-
8-
7-20
1
9-1
1
8-15
Rochester
Philip Morris
4%
&
preferred
preferred
Common
1
7-20
7-30
St.
San-Nap-Pak
7-16
8-15
7-20
8-
1
7-20
8-
1
7-20
8-
1
preferred
7-16
7-31
7-14
9-15
8-31
9-15
8-31
9-
8-
8
7-25
6-30
7-
3
7-26
1
9-15
1-2-46
12-15
4-1-46
3-15
8-15
8-
4
11-15
11-
5
2-15-46
2-
5
7-15
8-
8
7-25
9-
1
8-
8-
1
7-16
1
9-
1
8-11
8-
1
7-20
8-
1
7-10
8-
1
7-10
$1.25
8-
1
7-
1
7-16
7-24
8-17
10-
1
9-
1
$1.50
10-
1
9-
1
7-10
9-10
10-22
$1
8-
1
10-
1
7-16
preferred
(accum )
(s-a)
Remedial
10-
1
9-15
9-
Loan
1
Water
Sierra
7-21
8-
1
7-16
8-
1
7-20*'
8-
1
Assn.
preferred
(irreg.)
Gas
8-11
1
6-30
8-
1
6-30
1
7-11 '
8-
1
7-11
6-30
15c
8-15
8-
8-15
7-26*
1
15C
9-5
8-
$20c
8-15
7-30
4
7-27
9-29
9-20
12-20
75c
12-31
12-15
8-10
7-20
9-12
8-31*
1
7-20*
&
88-
1
7-20*
1
10-19*
22
1
10-39*
iqc
8-15
8-
$1.25
9-30
9-20
75c
9-10
8-10
(quar.)
11-
9-
J20c
(quar.)__
50c
8-
1
A~7quarZ)Z
87%c
8-
1
8-25
J23c
2222222
(interiml
8-
6
1
6-30
7-19 •
7-17
7-20 '
8-
1
$15c
8-
1
7-10*
35c
com.
7-20
8-
1
7-16
$1.50
8-
1
7-16
7-28
6-30
10c
2Z_ZI
±30c
15c
9-
1
8-20
62%c
9-
1
8-20
8-10
7-30
8-15
7-14
8-10
7-31
j5C
222222.222
Elec.
1
7-16
$1.75
___-_
7%
25c
(quar.)_Z
$1.75
pfd.
40c
2
•
8-10
7-31 '
$30c
8-
1
7-10
j25c
7-30
6-30
22V2C
^8-15
7-31
13%c
8-15
8- 1
common
Co.—
preferred
cum.
(initial
conv.
quar.)
preferred A
Co.,
(quar.)
8-31
8-15
8-25
8-15
37%cv
8-31
:
Lathe
Works, common
Ltd. (initial)
Co.,
30c
$1.50'
common-.
Southern Indiana Gas & Elec.—
4.8% preferred
(initial)
(quar.)
_
8-15
7-13
37%c
8-15
7-20 '
Sparks-Withington
(E.
_________ZZZZ
_IZ
20c
9-
1
8-15
8-
1
7-15
8-20
$1.50 '
7-31
9-15
9- 5
45c
9-10
8-18
$1.12%
9-15
9- 1"
\
(initial
.z
quar.
__________________
conv.
preferred
Standard Silica
(interim)__
$1.12%
$$1.25
-
40c
31 %c
10c
Co.___.
8-
50c
:
1
7-25
8-
$1
$1.25
$1.06%
pfd. (quar.V.J
Chemical, 5% preferred (quar.)
Standard Dredging $1.60
pfd. (quar.)
Standard Paving & Materials—
Standard Stoker
8-15
——....
Co.—
preferred A (quar.)
r ; $4.25 preferred B
(quar.)__:
rtandard Brands, Inc., $4.50
Participating
7-16
1
$1.18%
10c
%S4*50 preferred (quar.)______
& Sons—
preferred
1
9-
25c
_
R.)
7-20
8-
$120
convertible preferred (quar.)________
Spencer Kellogg & Sons (quar.)___:
Squibb
8-15
8-15
___
-
(quar.)
1
>
Common
Investors
1
8-15
9-
$20c
Southwestern Public Service Co.—
preferred
9-
31 %c
37%c
'
(quar.)__________
(quar.)
'/■'' Extra;,,—
8-15 '
H9c
(quar.)
Standard
50c
7-31
12-30
45c
(quar.)—
$5
8-
7-17
7-11 '
11-
Southern California
Water, 5% pfd.
6%
preferred
(quar.)________
Southern Canada Power
Co., Ltd.—
V
Common
(quar.j____
1
$4
1
$1
$1.12%
Southern California Edison
Co.. com.
7-20
7-17
7-30
Manufacturing Corp.—
Southam
7-20
7-30
8-
50c
^ preferred (quar.)
Bend
7-31
7-11
1
(quar.)
Aircraft
South
1
7-20
(quar.)__Z_Z
Candy Shops
7%
Soundview Pulp
1
6-15
1
9-
;
Co., Ltd. (quar.)
(Howard) Paper Mills,
55c
8-
2
8-
8-
~
Slater (N.)
8-
8-
8-20
$1.12%
Companv
Sinclair Oil Corp.__
Conv.
8-15 '
$1.50
Silex
Smltn
1
7- 6
(s-a)__
(quar.)_______
$2.50 preferred
City
8- 4
9-
30c
Power, common
6%' preferred (quar.)—
Sigma Mines, Ltd. (interim)
Signode Steel Strapping, common
Common
7-12
8-15
20c
Pacific
8-21*
$1.75
"
1
$1
Corporation
Sherwin-Williams (Canada),
8-31
7-31
7-20
8-
17%c
Co
(Laura)
4%%
120c
9-15
1
7-20
(quar.)
(quar.)
Leather
csovereign
$1.50
Canada. Ltd. (interim)
Princess Shops, 6% pfd. (initial
quar.)___22
& Gamble
Co.
(quar.)
Prooriet.qry Mines. Ltd. (interimr22~~~~~~
1
8-
17ysC
Sharp & Dohme," $3.50 preferred
Shawimgan Water Power Co
$1.50
22222
9-15
10-
25c
(quar.)
Sheraton
$1.75
_
(quar.)
(quar.)___________^
Secord
Sedalia
7-20
$1.25
,____22_2
1
|35C
Corp.,
8-13
10c
7-16
10-
$$1.37%
6%
$5~ pfd.~7quarT
7-16
1
Ltd.—
5% preferred
Sears Roebuck & Co.
(quar.)
Seton
1
1
(quar.)
Dillon
Seagrave
1
Co
7-10
J$1.75
preferred
Manufacturing
preferred
1
1
Stock
preferred
8-
75c
Co.
$4.50
$4.50
9-
10-
6%
(quar.)
preferred (quar.)
30c
10-15
1
preferred
$1.75
$1.00
7-25
8-
50c
Schenley Distillers Corp._
Paper Co., common (quar.)
Solar
7-25
8-15
8-
(quar.)
Yards
Francisco
$4
8-15
!
7-10
30c
Scott
8
6
$1.25
of
Transport
San
6
1
8-
20%
Quarterly
Sioux
7-30
1
Union
Scotten
8-16
$1
Procter
Provincial
Paul
8-
'
8-
(quar.)^_______________
Flour Mills Co.,
(quar.)
preferred (quar.)____;
7%
8-15
•
$1
Common
1
$1
222222222
Portland Gas & Coke 6%
pfd.
7%
preferred (accum.)
7%
.
8-15
10-
10-15
—__——;__
Lawrence
9-
$1.75
(s-a)___
Power Core,
Extra
Joseph Water Co.,
50c
10-15
1
'25c
St.
8-1
7-16
1
•
St.
$1.10
1
11-
31 %c
_
7-20
9-10
811-
68%c
(quar.)
7-20
»
RR.
Stores
7-31
50c
Like Erie
5-10-25C
Solar
(s-a)
15C
$$1.50
7-31
8-14
7-16
+15c
Joseph Stock Yards
40c
1
13c
St.
25c
7-19
8-
•
$1.25
7-16
$1.25
~
7-31
5c
15c
(quar.)__
8-15
8-
7-10
(s-a)
Saguenay Power Co., Ltd., 5%% pfd. (quar.)
20C
1
50c
$5 pfd.
Corp.
S. & W. Fine Foods
7-14
$1.10
.222222"
Pittsburgh Coke & Chemical
Mining Co
6%
Transit
7-10
25c
(accum.)
(quar.).
Edison,
Cement Co.
7-16
90c
I
7-10
8-
Quarterly
1
35c
(accum.)
7-21
1
York—
New
8-15
8-16
7-20
1
8-
7%c
Russell-Berg
35c
(quar.)_____
&
of
Rose's
Co., Ltd., Inc.
Pittsburgh Bessemer
Co.
1
50c
0Des« 7% preferred Taeninn,)
Pillsbury Mills, Inc., com. (quar.)
$4
Insurance
1
$75c
1
8-
75c
8-
•
'
1
$1.75
8-
35c
8-
11-
30c
(quar.)_____
8-15
10-
1
(quar.)
8-15
50c
12-
$1.75
7-21
1
8- 3
50c
1
7-28
7-21
1
35c
8-
8-
1
9-
35c
40c
8-15
8-
$1.31%
7-27
10c
7-12
13%c
(quar.)__
1
7-31
9
15C
9-
1
8-
15c
8-27
.
8-15
$1.25
1
1
1
J40c
10-
8-
7-20
9-
Rockland
50c
(quai\)
Participating preferred
Richmond
8-15
8-
1
$40c
Light & Power Co. (quar.)_
Rolland Paper, Ltd., common
(quar.)
6% preferred (quar.)
_____;
Rolls-Royce, Ltd. (ord. registered)
(final)
*6c
(quar.)
Philadelphia Transportation Co.—
Potomac
—
2
2
~
22222
"
Polaris
Mullins Manufactured Corp.—
Riverside
7-14
$$1.50
common
Marquette 5%
8-15
$$i 75
$3
)_Z
22.22222
Philadelphia Electric Co., 4.4% pidZ (quarl)
££!,la2e,lphia Electric Power, 8% pfd. (quar.)
m'o*
Co. $6 pfd.
(qua"rT)"2222222
Cottons, Ltd., common (quar )
7% preferred (quar.)
2~~
Moody's Investors Service, Inc.—
class A
(initial
Corp.,
Pfeiffer Brewing Co..
2.222222"
Phelps-Dodge Corp
"
Philadelphia Co. $5 pfd. ~ (quar7)22Z2
1
58%
U
7-14
7-30
25c
Petrolite
1
7-30
25c
(quar.)
Peoples Industrial Bank (N. Y.)~~(s-a)~
Peoples National Bank (Brooklyn) (s-a)
1
1
7-26
1
8-
(quar.)
preferred
Inc.
1
$1.50
preferred
8-
$l 50
Power
;
$7
2nd
8-
t$l
(quar.).
(Phila.) —
Co.
conv.
7%
Rich's
9-21
10-
75c
15c
preferred
1
$1.75
common
Investment
non-cum.
$1
"
Extra
$4
Ltd.,
$2
10-
7-31
•
7-20
50c
Rice-Stix Dry Goods Co.— 1
7%
1st preferred
(quar;)__________:
7-14
75c
L
Extra.'
8-31
7-13
8-
7-20
1
(quar. interim)
(quar. interim) _r_______
B
1
c
•
1
8-
preferred A
8-
$1.25
Pennsylvania-Central Airlines Corp. (initial)
Pennsylvania Electric, $4.40% pfd. B (quar)
Pennsylvania Power Co., $5 pfd. (quar)
Pennsylvania State Water Corp.—
8-
preferred
Quarterly
Penn
$1
preferred—
preferred
$2
9-
Penman's,
50c
Montreal
4
7-14
Knitting Co., Ltd.—
5%
Montana
1
8-
_
$7
8-
an
7-31
70c
(quar.)
(quar.)
7-16
7-16
$1.50
pfd.__
(quar.)
$L50
22222 ~Z
(quar.)
Co.
A
A
9-20
7-16
1
preferred
Class
8-24
8-
non-cum.
Common
7-21
32 %c
(quar.)
class
9-20
8We
A
class
1
1
1
8-
1
8-
-
Rheem Manufacturing Co., 5% pfd.
(quar.)
Rhode Island Public Service class A
(quar.)
7-26
8-
50c
_
$1.40
1
1
class
Co.,
$1.40
1
common
Telephone
(quar.)
(quar.)
7-20
$150
ZZZ
2—2
—12—122
Edison
Metals
6-13
8-
Reclaiming Co. (quar )
Schuylkill Haven RR. (s-a)ZZZ2
preferred
Missouri
Mines &
1
10-
$1
Minneapolis & St. Louis Railway Co
Mississippi Power & Light Co., $6 pfd. (qua~r.)
Mississippi Valley Public Service—
Common
Oreille
8-21
10-
$1 75
(quar.)
preferred
Midwest Rubber
Hill
Pend
Common
$20c
6
9-10
$$1.75
Common
9-20
_
9-20
8-
9-
(quar.)™__.
(quar.)_
(quar.)______
preferred B (quar.)
Republic Petroleum 5%% pfd. A
Revere Copper & Brass, Inc.—
5%% preferred (quar.)
:
Reynolds (R. J.) Tobacco—-
9-20
1
9-15
6%
8-30
1
10-
10c
(quar.)
Peninsular
$131%
5 %
Mine
preferred
1
1
9-10
10-
preferred
6%
7-20
1
$$1.75
Peabody Coal 6% pfd. (accum.)
Peaslee-Oaulbert Corp. (quar.)
7-31
$112%
2—
preferred
6%
preferred
(accum.)
Micromatic
Hone
Corp.
77c
common
8-31
8-
7-18
30c
12-
10-
1
8-15
8-10
50C
Co
8-15
20c
ZZ~Z
prior lien preferred
$6
&
Manufacturing,
$1.40
(quar.)
Mercury Mills, Ltd. (quar.)
Michigan Gas & Electric—
7%
.
Davis
9-15
25c
8-
9-10
non-cum.
$4
12- 5
$1 50
8-15
7-20
(quar.)
common
$25c
$1.30
50c
pfdZTT
1
7-16
$1.75
~
6%
___
6
8-
1
£7o
preferred (quar.)__
Peninsular Grinding
Wheel_
'
Ice
Co.,
9-
8-
25c
Semi-annual
&
1
10-15
1
8-15
$100
1
(quar.)
Stores Co., common
(quar.)
preferred (quar.)
2
Merchants & Manufacturers Insur.
(N. Y.)—
7%
Merchants
9-
12-1
1
10-
7-14
9-
9-
11-
1
7-20
25c
Reliance Manufacturing Co., common
r
Republic Drill & Tool, 55c conv. pfd. (quar.)
6% preferred (quar.)
:_
Republic Investors Fund, common
6%
preferred A
(quar.)_
6% preferred B
(quar.)_;___
8-15
5
25c
Mercantile
Merck
7 7c
Co.,
$1.60
8-15
7-20
8-
37%c
Reliance Electric & Engineering Co.—
$5 convertible preferred
(quar.)
7-16
1
7-31
7-20
1
1
1
Paton
1
98-
1
7%c
Co., $2 preferred A___
Regent Knitting Mills, Ltd.-^
7-16
1
8-
•
Reed (C. A.)
7-16
1
8-
Parke
1
1
8-
9-
7-11
8-
7-20
$1.75
7-11
8-
/ 7-25
1
$1.25
8-
$1
1
8-
$1.12 %
22222
8-1
1
8-
$25c
preferred
(quar.)
Panhandle Eastern Pipe Line 5.6%
8-15
Reading
Pacific Public Service Co.—
1
50c
•
1st
1
8-15
8-
1
8-
50c
50c
$5 preferred (accum.)__
Co., $5 preferred
Coast Mortgage (liquidating)
Finance Corp. (Cal.), 57c pfd.
(quar.)
Lighting Corp. (quar.)
Power & Light $6 pfd.
(quar.)
preferred
(quar.)_
Pacific
$55%c
1
Paper
Pacific
1
20c
_
11-28
8-
25c
(quar.)
Hill Publishing Co.
Mclntyre Porcupine Mines (quar.)—I—III_
McLellan Stores, common
(increased)6% preferred (quar.)_
9-
Coast
Pacific
8-30
11-30
7-20
7-13
8-
$1.50
25c
7-20.
8-16
1
1
25c
1
1
8-
Extra
1
1
7-20
$1.25
(quar.)-•___
59%c
Co
$1.25
A
8-
9-
8-
8-25
J5c
8-
8-
7-10
8-31
.
Hoc
$$1.75
Ltd
9-10
1
(s-a)___
$25c
'
8-10
1
preferred (quar.)_
Raytheon Manufacturing Co.—
6% preferred (quar.)
43%
(s-a)
1
3250
Co., common (qUar.)
Concrete Pile, common (quar.)__
20c
(quar.)_
9-
8-
$1.50
Electrotype
22 %c
(quar.)__
Owens-Illinois Glass Co.
8-
class
8- 6
10-
$4
7-20
$1
8-15
75c
McGraw
5%
Aircraft,
1
Co.
Raymond
7-21;
7-28
5c
&
9-
43%c
7
40c
(quar.)
______
Car
9- 1
43%c
Randall
7-20
1
Products, Ltd.
7-13
8-15
25c
—
50c
Extra
Ottawa
9-
7-31
$1.50
A
$1.50
___
Co.
Telephone
1
9-15
Milk
Extra
8-15
8-15
$1.25
Radio-Keith-Orpheum Corp., 6% pfd. (quar.)
1
37 %c
Natural
preferred
42 %c
(quar.)
~
McClatchy Newspapers, 7% pfd. (quar.)II—
7% preferred (quar.)
McCrory Stores Corp., 5% pfd. (quar.)
Meadville
8
Insurance
93%c
common
(quar.)
Electric
1
Qulnte
7-14
8-
25c
Gas, common (quar.)
(quar.;
Oliver Corp., 4%% conv. preferred
(quar.)
Oliver United Filters,
Inc., class A (quar.)_
Ontario Steel Products Co., Ltd., common—
77c preferred (quar.)
Oswego Falls Corp. (quar.).
7230
8-10
Casualty
4%%
1
8-
8-
;
Corp.
McGraw
Oklahoma
9
1
25c
class AA
$1.50
8-15
8-
30c
1st preferred (quar.)
$6
$3 preference
McCall
Co.
Ohio
25c
I
&
7-11
30c
(quar.)
Moffatt
8-
1
2
8-15
62%c
Quebec Power Co.: (quar.)--.--^.i._.i.^..j
Quincy Market Cold Storage, 5% preferred..
7-30
7
8-15
,__
Oil
$1.25
8-15
8-31
8-
$3.50
(quar.)
common
8-25
1
8-15
25c
(quar.)
Ogilvie Flour Mills, common
77c preferred
(quar.)
(s-a)
Co.
Stores,
preferred
Maytag Co.,
common
RR.
Co.,
preferred
7-13
9-
8%c
___
(quar.)__
Co.,
Department
$3.75
(final)
(quar.)
Shoe
preferred
67c
1
25c
initial stock
(Charles F.)
Nunn-Bush
9-21
25c
(quar.)
(quar.)—
Massawippi Valley
May
$1.06%
(quar.)
(N. Y.), $2 pfd.
Corporation
Marine Bancorporation,
i
pfd. A
Corp
(quar.)_
Co.
Manufacturers Trust
6%
25c
7-31
30c
(quar.)
common
Nor'western States Portland Cement
Square Garden
Manhattan
Corp.,
1
8-
7-31
8-15
$25c
;
8-
$1.31%
8-15
$1.25
Co., 7%
(quar.)
9-13
O'Connor
(quar.)
7-31
$1.25
Insurance
Illinois
1
Luzerne County Gas & Electric Corp.—
(R. H.)
River
1
12-22
Alegre Sugar Corp. (initial)
Co., common
___;
5% convertible preferred (quar.)
Purity Flour Mills, Ltd. 6% pfd. (quar.)__
Quaker Oats Co., 6% preferred (quar.)_
7-31
$1.50
(quar.)..
preferred (s-a)
8-
1
8-15
8-15
$1.62%
Consolidated
8-
10-
8-15
$1.50
8-15
1-2-46
7-31
Pure
$1.50
8-15
$1.62%
Punta
$1.25
$1.50 convertible preferred (quar.)__
Northern RR. (N. H.)
(quar,)____
Northwestern Engineering
$1.62%
7-16
97 %c
(quar.)
35c
(quar.)
1
$1.60
(quar.)
Oil
9-
Dreferred
Macy
American
9-15
6% %
5%%
1st preferred B
8- 1
6%%
8-
$1
8- 1
Company, common
preferred (quar.)_
8-24
8-22
7-21
$2.50
88c
(quar.)
$1.50
1
12 %c
$2.50
RR.
7-24
9-15
8-
$5 preferred (quar.)
7% preferred (quar.)
Puget Sound Power & Light Co.
Pullman, Inc.
15c
Adjustment preferred
$4
Nashville
50c
7-21
Norfolk & Western Railway Co., com. (quar.)
Louis Ry.—
(s-a)—
8-30
8-15
7-16*
1
50c
10c
(s-a)
preferred
8-30
9-29
30c
7-14
1
50c
$1.50
1*
9-29
$1.75
1
(quar.)
$5
convertible preferred
(quar.)
Niagara Wire Weaving, Ltd. (quar.)
Nineteen Hundred Corp. class A (quar.)
Class B
(quar.),
7-23
25c
...
St.
8
1
1
15c
2nd preferred (quar.)—
Exploration (quar.)_.
Light, $6 pfd. (quar.)_.
&
8-
9-
10-
1-2-46
$1,25
9-14
Gas—
&
40c
(s-a).
$5 convertible preferred
8
9-14
Electric
Service
50c
Common
8-
8-
50c
Public
7
50c
—
1
9- 1
8-15
$1.75
Merchandising Co
& Light—
$3.90 preferred (initial)
Newberry (J. J.) Co., 5% pfd. A (quar.)
Newberry (J. J.) Realty Co.-—
6%7c preferred A (quar.)
6%
preferred B
(quar.)
Newport News Shipbuilding & Dry Dock-
9-
3
9-14
Rapid
(quar.)
9-15
9-14
(monthly).:
(monthly)
8-
$2
7-16
8-15
50c
.$2
8-
8-
1
of New Jersey—
8-
15C
l
$1.75
7-14
$1.62%
1
9-
9-15
$1.25
53 %c
(quar.)
8-
10-
7-16
8-15
(quar.)
7-
20c
1
preferred
6% 1 preferred
6%
preferred
$5
—
1
8-
l
1
10-
(quar.)
1
8-
l
89-
7-lj
7-16
8-15
9-15
(quar.)
8-
$2
1
preferred
8-
$1.75
9-
10-
01 Rcc
preferred
Power
50c
Lunkqnheimer
,
Insurance
Corp.
1
Holder,
7%
$1.50
York
York
Co.
6-29
(quar.)
Louisville Henderson &
&
York
New
New
Brake
Service
1
8%
8-15
$1.18 3/4
88-
7
9-
2o
(irregular)
7-30
$25c
__
Power
Air
New
9-
York
Public
7-19
8-15
10c
Payable
41 %c
...
50c
pfd. (quar.)
(quar.)
com.
1945
8-14
8-31
25c
interest
6%%
10-26
(quar.)
(quar.)
Ektra
Land
Clock Co.,
Newr
1
1
10-15
50c
Company, common
preferred
(quar.)
77c
1
8-
8-
When
Share
of Colorado,
1%C
Process
8-15
8-10
$25c
Co.
Louisiana
beneficial
of
New
1
8-10
11- 8
$1.25
1
.
Biscuit Co.
Louisiana
Certificates
8-11
1
1
1
10c
pfd. (initial quar.).
Naumkeag Steam Cotton (irreg.)
Neisner Brothers, 4%% preferred
(quar.)..
Neptune Meter 87c preferred (quar.)
Nestle-Le Mur $2 pfd. A (accum.)
New England Fund—
1
9-
9-
12-
25C
Haven
1
8-11
65c
preferred (s-a)
National Tea Co., 4%%
New
8-
1
87 %C
(s-a)
1
Theatres
Gas
Type
&
25c
$1.12%
$1.12%
(quar.)
com.
Pipe Co., 8%
(quar.)
Loose-Wiles
Paper
1
9-
9-
5c
National
7-16
8-15
7-14
87 %c
7-16
12-21
1
30c
Extra
4
11-15
8-
$1.75
(New York)
(s-a)
Inc., class A (quar.)—
National Distillers Products Corp. (quar.)__
National Electric Welding Machine (extra).
Quarterly
.....
National Lead Co., 6% pfd. B (quar.),.
National Liberty Insurance (s-a)
3
7-16
50c
:
(quar.)
City Bank
National City Lines,
7-30
(quar.)
./
88-
&
7-14
1
15c
National
7-31
1
9-
9-
preferred
Louisville
8-31
Chemical
National
7-13
10-15
8-
.
(quar.)
5%
1
1
1
15c
—
:
:
Manufacturing
5c
preferred A (quar.)
4Vi% preferred A (quar.)
Loblaw Groceterias Co., Ltd.—
Common
8-
11-
88-
15c
(quar.)
;
7% 1st preferred
preferred
2pd
com.
common
4c
(quar.)_
Carbonic Corp.,
Class A
Battery
7
6c
Series B
(resumed)
(quar.)
(quar.)
preferred
preferred
Co
Biscuit Co.,
preferred
Candy
7%
9-15
30c
—
Co.
Star
1
10-
—
4Vi%
Lone
National
50c
75c
75c
Petroleum
Loew's
National
30c
Quarterly
8%
7-10
8-21
9-
56 %c
(quar.) —
57c
Lincoln Park Industries (quar.)—
Lock Joint
7-31
9-12
7%
/ Quarterly
.
convertible
National
.
Lincoln National Life Insurance Co
Liquid
convertible
6%
50c
$1.50
$1.75
$1.75
$1
$30c
$$1.75
$5c
Lexington Water Co., 7% pfd. (quar.)
Libby-Owens-Ford Glass
Liberty Aircraft Products
Liberty Loan Corp., $3.50 preferred
Life Savers Corp.
(quar.)
Liggett & Myers Tobacco, common (quar.)_
Class B
(quar.)_
Link-Belt
6%
7-11
8-10
Ltd
Mines,
Custom
Lincoln-
7-16
8-10
pfd. (quar.)—
Lee Rubber & Tire Corp. (quar.)
Lehigh Portland Cement Co., com. (quar.)—
Gold
1
1
1
-
$2.50
Leonard
7-16
8-
1
25c
Name of Company
Service Co.
preferred (monthly)..
4ia/3C
5%
preferred
(monthly)41%c
5%
preferred
(monthly)
41%c
6%
preferred (monthly)
5qc
6%
preferred (monthly)
50c
6%
preferred (monthly.)
50c
7% preferred (monthly)
58Msc
7%
preferred
(monthly)
58%c
7%
prefererd (monthly)
59%c
12-20
9-17
20c
pfd.
(Colo.)
Co.
12-28
25c
Per
r
5%
9-20
$1.50
Automotive Fibres,
National
7-31
9-
(quar.)
common
Securities
8-
9-
(quar.)
Lane Bryant, Inc., 7% preferred (quar.)
Lawyers Title Insurance Corp. (Va.) —
6%
preferred
(s-a)
,
7-31
9-25
40c
$2.50/preferred
Leitch
8-20
H.) Co
Common
Leath
7-31
6%
9-28
,
.
of Rec.
Payable
$1.50
preferred (quar.)...
6% preferred (quar.)
Nachman
Corporation
Narragansett Electric 4%%
Nathan Strauss-Duparquet
15c
13 %c
34%c
$1.50
1%0
25c
Kroger Grocery & Baking Co., com. (quar.)
6% 1st preferred (quar.)_
7% 2nd preferred (quar.)
7% 2nd preferred (quar.)___
Lafayette Natl. Bank of Brooklyn (s-a)_—
Lake of the Woods Milling, common (quar.)_
7% preferred (quar.)—
:
Lamaque Gold Mines', Ltd. (interim)
Lamson & Sessions common (increased)
Landis
8-20
5c
preferred (quar.).—___
_
Kobacker Stores, new com. (initial quar.)—
$1.371/2 preferred (initial quar.)
Kokomo Water Works, 6% preferred (quar.)
Koppitz-Melchers (s-a)
Kresge (S. S.) Co. (quar.)
Holder*
of America—
Chemical Co.
Mutual
4c
60c
Kress
7-25
9-20
common
Share
Name of Company
of Rcc
8c
_~
— _
Holders
Monday. July 30,
Public
1
8-
10- 1
*_
Creamery Co.,
Extra
Payable
When
Per
2%c
Extra
Knudsen
When
Per
:,,0
CHRONICLE
1
7-16
8-
1
7-16
9-15
9-
1
9-1
10-
1
R-15
9-
1
9-
,
1
7-31
8-20 '
9-
1
8-
4
8-10
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4407
Volume 162
Per
Name of Company
9-
1
Weston
8-15
8-
1
Westvaco Chlorine
9-29
9-15
$1.25
12-29
12-15
$4.50 preferred (quar.)
Wheeling & Lake Erie 51/2%
4%
prior lien (quar.)
1
7-6
White Sewing Machine, $4 conv.
$2 prior preference (quar.)
1
7-
Wilbur-Suchard
30c
& Co. (increased)
Inc., common (stock
' preferred
dividend)
8-15
7-31
5%
___
7-31
7-16
1
7-25
9-
1
8-15
$1.50
9-
1
8-15
8-
8-
$1
1
8-25
37 Mac
7-16
*
8-15
$1.12 Vi
8-
1
7-10
30c
8-
1
1
7-16
7-30
7- 3
8-
37 Mac
9-
1
8-15
Woolworth (F. W.) & Co., Ltd. ADR (interim)
12-
1
11-15
8-
1
6-18
8-
1
6-18
25c
9-
1
8-15
t5c
10-
1
Union
8-
1
Worumbo
9-
1
Oil
1
7-10
$1.75
8-
1
7-10
62 Mac
8-
1
7-21
1
10-22
8-15
7-30
11-
82 Mac
90c
$1.50
8-
1
7-20
$1.75
8-
1
7-20
62 Mac
8-
1
8-
1
8-15
41 %c
8-
1
8-
1
8-
1
8-15
25C
Cigar-Whelan
8-15
3
7-20
7-20
60c class A
Fuel
class
8-
United
7%
Gas
7-31
25c
8-15
8-
1
50c
10-
1
8-15
Casualty,
Fire
7-31
8-10
7-10
30c
8-
1
7-16
8-
$1.25
1
7-16
1
7-16
8-15
7-14
1
7-17
8-
31c
t38c
8-
10c
8-
1
7-17
10-
1
Guarantee
4%
7-31
8-
1
The
5Ma%'
1
7-16
50c
8-
1
7-16
9-
1
7-17
8-15
25c
Extra
1
1
9-15
9-
1
10-
1
9-
1
8-15
10-
1
9-15
10-10
50c
9-15
50c
8-
40c
class A
Y.) (quar.)...
(quar.)—.
(N.
9-30
1
records
with
8%
B.
Universal
Leaf
Universal
Utah
Pictures
Radio
1
the
1
7-16*
8-
1
10-
1
that
"if
12-20
pfd.
(quar.)
—
9-10
Detinning
7%
preferred
9-10
8-20
9-12
9-
1
Co.,
7-30
62 Mac
1-2-46
12-22(
9-10
Class
Warren
B
class
A
1
7-16
9-
1
8-21
37 Mac
8-
1
7-16
17 Mac
8-
1
9-20
9-10
10-20
10-10
9-15
9-15
8-10
8-
1
7-21
10-
1
9-15
$1.75
1-2-46
8-
1
8-
1
7-27
20c
9-
1
8-
1
8-10
7-?5
$1.12 Ma
8-10
8-15
8-11
$2
'8-
1
7-20
IOC
9-
1
8-15
9-
5c
———
Wentworth Mfg. Co., $1 conv. pfd.
West Michigan Steel Foundry—
(quar.)
25c
—
preferred (quar.)
West Penn Electric, 7% preferred
.
1
8-15
8-15
8-
1
9-
1
8-15
$1.75
preferred (quar.)-.—
West Point Manufacturing Co.
8-15
7-17
$1.50
(quar.) —
6%
8-15
7-17
75C
(quar.)
8-
1
Pulp & Paper—
4»/2% preferred (quar.)
Western Dept. Stores, 6% conv.
common
cility
Common
3 7 MaC
pfd. (quar.)
(quar.)—.—
Common
75c
75C
(quar.)—
/
Net
ry.
(quar.)——
(quar.)
161.
2,142,978
212,456
770,361
4,999.337
8-15
8-
1
8-15
11-15
8-
taxes—
2,025,838
1945—6 Mos.—1944
9-20
operating revs—
Operating expenses
7-16
Maintenance
10- 1
9-10
Depreciation
1
7-11
8-
8- 1
8-
1
1
7-15
Taxes
$3,017,968
$6,239,311
3,065,672
171,679
424,401
'
367,396
216,503
216,782
433,284
,
434,110
501,559
482,785
1,060,647
$566,305
$501,897
$1,255,307
$1,101,504
44,805
40,349
113,255
KVi-; 79,521
$611,110
$542,246
$1,368,562
384,524
386,787
808,138
$226,586
$155,459
$560,424
$5,764,337
,.5,887,108
for
prov.
»
tax)
Operating
Other
1
income
income
deducts.
income
$1,181,025
780.336
M\
$400,689
161,
'•■xy
2226.
p.
:■
!•/'
Quincy Electric Light & Power Co.—Calls Bonds—
All
A,
1
1
11-1
Net
Shawmut
V.
131,
filed
suit
in
the
Bank
of
Boston,
trustee,
40
Water
St.,
Boston,
damages
sought.
requiring
order
Access
to
compliance
Inc.—Earnings-
1945—Month—1944
1945—5 Mos.—1944
Total
oper.
revenues
$1,083,668
$778,446
$5,314,522
$3,600,236
Total
oper.
expenses
521,287
421,485
2,454,101
2,022,315
29,577
22,277
31,085
147,887
159,364
19,690
110,038
Depreciation
^
Operating taxes
Uncollectible
All
other
revenues
operating
99,552
•10,000
2,000
rev.
deductions
for.
is
it
Mass.—
938.
p.
Period End. May 31—
Federal
because
followed
we
Net
1,225
oper.
Other
582
6,003
;:p,8i8
$509,302
revenues
communic,
$303,604
$2,596,493
$1,304,187
inc.
41,457
38,262
99,728
77,880
$550,759
Operating income
Ordinary income (non¬
Gross
1945—6 Mos.—1944
$341,866
$2,696,221
$1,382,067
1,056
Dr6,951
Drl7,018
Prl8,724i
$551,815
$334,915
$2,679,203
$1,363,343
inc.
10,815
11,651
income-
$541,000
579,545
376,347
3,027,346
3,879,639
ordinary inc.
Deducts,
$3,019,325 $16,734,272 $17,551,708
2,402,283
14,314,971
14,023,457
Net
from
income-
ord.
ordinary
r
58,274
62,822
$1,300,521
Dr68l
Drl
$2,620,929
Cr74,832
10,140
7,467
50,372
7,871
$529,179
Extraordinary
Extraord.
$315,796
$2,645,389
$1,293,183
389,500
232,350
1,923,840
936,950
$139,679
$83,446
$721,549
$356,233
income
income
(Dr)_
$323,264
Cr533
■
Cr529,165 Cr3,096,792 Cr3,232,056
$530,811
$769,360
$2,488,747
$2,880,668
17,774
18,580
142,791
income
138,658
$548,585
$788,440
$2,631,538
Deducts,
127,920
682,030
807,626
3,315
3,299
21,254
from
net
income
ferred
$3,019,326
139,846
inc.-
trans-
to
20,296
charges
$405,424
surplus
$657,221
$2,191,404
$1,928,254
earned
__
Effective
—V.
162,
&
$384,147
$525,812
$3,042,123
$1,886,087
15.
Public Utility Engineering & Service Corp.—Output—
Electric
output
of
messages
chell,
profits taxes
p.
operating companies
the
served by
this
July
registered
22,
to
and
Vice-President
from
and
compared with
Period End. May 31—
Total oper. revenues
an
395.
Total
ended
July
21,
188,515,000 kwh.
increase of 2.0%.—V. 162, p.
Egypt,
General
Radiomarine Corp. of
corpora¬
1945, totaled 192,272,000 kwh., as
for the corresponding week last year,
week
the
for
tion
telegraph addresses
Lieut. Colonel
were permitted; on
Thompson H. Mit¬
Manager, announced.
The new
regulation, Colonel Mitchell added, does not change the existing ruling
that radiograms to Egypt must carry a signature;
however, the signa¬
ture may be a code address.—V. 162, p. 252.
radio
income
Fed.
oper.
America—Earnings—
1945—Month—1944
1945—5 Mos.; —1944
$47,752
$45,078
$235,500
$221,308
63,904
64,778
304,775
311,704
expenses
Depreciation
Public Service Corp. of New Jersey
Operating
1945
!
Expenses
(& Subs.)—Earns.
1944
Maintenance
8,294,730
Federal
income
Federal
excess
7,915,866
7,180,850
6,854,788
7,643,965
5,240,203
4,967,994
10,584,077
Other
taxes
taxes
taxes
23,570
25,036
7,600
9,947
40,213
-'52,381
$133,058
$172,813
Uncollectible
Net
8,102,228
$14,837,660 $14,961,691 $15,939,364
6,446,036
6,539,534
7,968,856
revenues
Deductions
income
$8,391,624
$8,422,157
$7,970,508
4,925,468
4,925,468
2,751,597
2,751,597
2,751,597
$714,559
$745,092
$293,443
161,
Sugar Corp.—Initial Distribution—Note
Subsidiary Paid—
Ordinary
declared an initial dividend of $1.50 per share
on
the capital stock, payable Aug. 22 to holders of record Aug. 6.
William C. Douglas,
President of this corporation, also announced
that the $750,000 sinking fund note of its subsidiary, Barag.ua Sugar
had been paid in
Estates,
full.—V. 161, p.
Pullman Co.—Transfers About 20,000 Pullman
Accommodations to Military—
each
available
accommodations
scheduled
discontinuing
order
night
beds
2-15-46
2-
1
more
30c
8-
1
7-17
forces
8-
1
7-17
cars
9-
thirds
of
during
the
for
civilians
transferred
to
exclusive
are
in
the
895
Pullman
cars
released
from
service
by the Office of Defense Transportation
sleeping car service between points 450 miles
these
will
now
increased
be
facilities
available
for
more
than
military
two-thirds
and
ord.
fr.
190,001
539,876
1,002,178
$59,580
$155,672
$413,518
$836,365
5,569
2,302
29,681
11,508
$54,011
$153,370
124,506
$383,837
$824,857
35,506
282.530
659,530
$18,505
$28,864
$101,307
$165,327
.
7,000
$165,813
'
.
inc.
ordinary income-
Deducts.
from
net
inc._
Net inc. transferred to
—V.
surplus
162, p. 252.
'TV/'
Railway Express Agency, Inc.—June Shipments Up—
A
rise
more
massed
all
than
organized
war.
29
movements
million
since
military
troops
Pearl
of
all
Pullman
Prior to this order,
available to the armed
have
Harbor,
passenger
traveled,
in
Pullman
approximately
traffic
in
this
two-
country
9.3%
of
in
the
number
of
New
York
shipments
handled
at
Field for the month of June over the same period .jast
reported on July 24 by the corporation's Air Express,Divison.
Guardia
year was
Air express
shipments handled at the Field during
with 51,650 for June, 1944.
.*■
compared
56,452,
Gross
revenue
for
increase
an
140 and 16.
252,
the
of
month
22.1%
amounted
over
the
the month totaled
?
•>; .
$322,783, which, rep¬
period in 1944.—-V. 162.
.
to
same
....
Reading Co.- -Earnings—
June—
Gross
from
ry.
railway
railway
oper.
From Jan.
Gross
from
Net
from
ry.
—V.
■
.
income
1943
$9,605,329
3,112,221
1,070,753
$8,671,471
1,184,752
l,642j272
57,347,005
19,330,377
48,45^,088
16.186,022
58,539,487
18,617,724
7,080,569
7,614,011
9,951,975
9,031,193
1,472,326
income
57,569,135
16.
(Robert) Reis & Co.
i,
p.
$8,619,661
3,175,344
1662.
17,177,453
Sales for Quarter Lowers1945
Consolidated sales
161,
v
,
Quarters Ended June 30
—V.
2,472,053
1942
1—
railway
p.
1944
$10,027,469
3,038,863
railway
oper.
162.
:
1945
from
Net
travel.
than half of the Pullman fleet has been
in
6,700
$126,358
-
Net
less apart.
With
1,400
$34,329
86,856
ordinary inc
Net
were
at noon on July 15.
military service
or
sleeping accommodations which have
20,000 Pullman
Approximately
These
1,250
income—Non¬
Deducts,
resents
46.
(The)
regularly
5,000
$27,276
communication
La
have
directors
The
$35,729
2338.
p.
Punta Alegre
of
$28,526
Operating deficit
earned
Balance
—V.
deficit
4.925,468
dividends
dividends
Common
1,000
_
Oth. communication inc.
Net
Net
Preferred
revenues
operating
Gross
operating
taxes
10,242,350
retire, expenses—
profits
5,082
Operating
7,107,269
7,176,960
7,629,735
4,597,275
10,794,912
Depreciation and
4,774
1943
$94,301,422 $94,645,905 $90,761,458
40,970,150
41,119,253
37,547,465
revenues
1
1
outstanding first mortgage 5% 25-year gold bonds, serfes
1, 1947, have been called for redemption on Sept. 1,
and interest.
Payment will be made at The National
464)
fa¬
income
•Incl.
11-
9-15
of the
due Sept.
at 100
next,
Radiograms to Egypt—
11-15
1
income
(net)
income
Net
Pittsburgh Coal Co. on July 24
fight the suit to the limit.
He added
Cr479,998
fixed
1
9-15
974,2191
,
7-15
Total
1945—Month—1944
deductions
1
10-
.
1945--12 Mos.—1944
1,463,493
,
201,143
RCA Communications,
has
asked
2,452,401
income
Total
8-
$1
.
$2,836,636
1,532,458
—
(incl.
income
7-15
8-
page
the
$3,082,759
accruals-
Misc.
2-
25c
4,811.642
•
Queens Borough Gas & Electric Co.—Earnings—
communication)
joint
Total
2-15-46
$1.25
931
/
1
Period End. June 30—
Net
7-20
8-
'<
2665.
p.
Total
*
revs
oper.
10c
Inc.
408,999
'
a V
v';
4,402,870
.
the
to
Other income
$1.25
:
338
4,388,935
Crl2,219
income and
profits
15c
court
a
mistakes
rents
8-15
75c
A
Coal
made
exps._
&
$1.25
(quar.)—
5% preferred A (quar.)
5% preferred A (quar.)——
Westchester Fire Insurance (quar.)
Westmoreland
Westmoreland,
—v.
Net
been
$1.12 Ma
(quar.)
Govt,
1
dividend.
are
are
of
intended
•
tax
Equipment
7-14
West Virginia
preferred
S.
excess
pp.
43 %c
$1.75
5%
also
President
*
oper.
7-25
*$1.75
*-—
880,669
that
oper.
7-14
$1.25
preferred (quar.)
preferred (quar.)
Wellington Fire Insurance Co.__
Wellington Mills (irreg.)Wellman Engineering
RR.,
U.
8-15*
37MaC
—
*
446,482
taxes
Gross
this
for
and
Period End. June 30—
7-27
62 Mac
Corp
$2,586,349
(Includes—
7-31
$37Mac
overcharged
companies
have
Railway
12-15
333/4C
(quar.)
$4.50
Pacific
10-
8-10
75c
(quar.)
$5
Western
7-20
t20c
t31M»c
Adyministration
regulations
Railway
Net
$1.75
(accum.)
$3,141,517
875,109
1,045
adjustments
Payroll
7-16
1
7-15
t$l
(quar.)_
8-
$1
Washington Gas Light Co., common (quar.)_
Extra
1
50c
(quar.)
Petroleum
12-
1
t25c
Watch, 7% preferred
preferred (quar.)
Co.
12-10
9-
$1.50
Waltham
Brothers
1
8-
5c
6 Months Ended June 30—
$1.75
preferred (quar.)
Walker Manufacturing's pfd.
7%
8-
50c
7-20
8-
$1.75
common
$535,942
:
Depreciation
Pittsburgh & Lake Erie RR.—June Earnings—
7-16
$1.75
(quar.)
G. & W., common
$885,155
__
*
7-16
7-17
10c
(quar.)
$1
Warren
1
7-31
$1
(quar.)
(Hiram)
8-20
50c
(quar.)
—
Walker
1
rulings so
they were not even clear to those whose duty it was
them," and charged the local OPA office with seeking court
interpretation of its own regulations.—V. 162, p. 394.
11-30*
62 Mac
yapor Car Heating Co., Bic.—
7% preferred (quar.)—
7% preferred (quar.)
Vertientes-Camaguey Sugar
Virginia Coal & Iron (quar.)
Virginian P Ml way, 6% preferred (quar.)—„
7%
preferred (quar.)
Vulcan
8-
enforce
to
8-31*
$2
com.
Co.
prior preferred
the
we
confusing
9-10
9-20
40c
-*
•
5%
$1.75
(s-a)
7-16*
40c
Utica Knitting Co.—
|
closed
Price
company
7-20
8-
$1.75
Co.
Products
8-
50c
$2.50
Tobacco,
of
Morrow,
said
7
25c
Laboratories
of
excess
common
Universal
not
7-14
25c
1st preferred
non-cum.
income
$591,072
$1,944,518 $11,315,272 $10,561,867
1,408,576
8,173,755
7,975,518
•Includes—
Jamaica Income tax.
allegedly
filing
J.
8-10
9-
68 %c
7% prior preference (quar.)
Co.,
accrued
Operating
1,541,442
■
1
Fields
Gold
books
9-20
$2.50
(quar.)_
—
Rubber.
1
9-
times the overcharges for business customers and $50 for each
consumer
9-15
50c
53c
._
$2,781,307
tl,896,152
20c
8-15
50c
Pipe & Foundry (quar.)
Quarterly
S.
9-
9-15
Pittsburgh, Pa., asking a judgment of $1,050,000 against
Pittsburgh Coal Corp. and Champion Coal Co. for alleged price
ceiling violations in wholesale and retail sales.
8-15
910-
53c
U. S.
U.
9-15
$1.12Ms
the
7-31
58 Mac
Industrial Chemical
U. S. Leather Co.,
revenue
Total net revenue
1
at
•Railway
58 Mac
preferred (quar.)
(quar.)
convertible
9-
Manufacturing Co. (quar.)
Office
Court
U; S. Hoffihan Machinery Corp.—•
U. S.
7-6
9-20
Investment News
7-16
8-
($1
(monthly)
Co.
pref.
(Continued from
Sued by OPA—
7-10
53c
non-cum.
Insurance
8-21
10%
37'/2c
$1.12,/2
General Corporation and
9-10
58 Mac
,
(monthly)—
RR. & Canal
S.
$589,352
—V.
—
preferred
S.
$115,275
$2,132,514
■;
.
Three
25c
preferred (monthly)
preferred (monthly)
S.
8-31
8-10
prior
U.
30%
Less
t.
prior
U.
$124,231
Net
•
prior
U.
1
15c
preferred (monthly)
J.
10-
J 75c
6%
N.
Towne
•Transfer
8-31
8-31
Ltd.—
(quar.)
6%
United
1,615,512
tPayable in U. S. funds, less 15% Canadian non-residents'tax.
'Payable in Canadian funds, tax deductible at the source.
Non¬
resident tax, 15%; resident tax. 7%
a Less British Income tax.
7-13
8-15
7%,' prior preferred (monthly)———_—
6.36% prior preferred (monthly)
6.36%
8-10
11-10
15c
preferred
329,799
7-18
1
(quar.)
Consolidated
8-10
11-15
9-15
prior preferred (monthly)
6%
prior preferred
(monthly)
United Grain Growers, Ltd.—
5% non-cum. preferred A_—
United Light & Railways (Del ), common—
prior
1
9-
Jr. Co., common
7-14
$1.50
—
&
7-14
$1.12 Ma
6.36%
j;7%
8-
50c
8-20
Stores Corp.—
preferred
Corp.
prior
3M2%
Worsted
1
1
9-
$1.25
(quar:)
Investments,
A
343,799
1
.7-31
37 Mac
—
preferred (accum.)
.
$1.25 prior preferred (quar.)_
United Corporations, $1.50 cl. A
(quar.) —
United Drill & Tool, class B (quar.)——-
6%
expenses
7-20
8-
20c
-
$5
United
7-16
7-16
8- 1
8- 1
40c
Zeller's, Ltd., common (quar.)
5% preferred (quar.)
6% preferred (quar.)___
7-10
8-
25c
•
(quar.) —
Yale
Yuba
X
«25c
$1.50
(quar.)
(irregular)
Total
7-21
$5.75
(Wm.)
Wyandotte
9-15
35c
25c
50c
Theatre Circuit
Co.
$9,970,795
$2,204,864
7-18
$1.50-
.
of California
Co.
Artists
$445,074
7-21
1
$$1.75
Common
8-11
8-
of Missouri—
United
$468,030
Deprec.
Extra
Wrigley
$1.75
Mfg.
$1,829,243 $10,725,920
revenues
7-10
$1.50
(s-a)
United
1
8-
"
(quar.)
preferred
8-
15c
$1.25
Worthington Pump & Machinery, common-4V%% prior preferred (quar.)___
4Ma% conv. prior preferred (quar.)_
8-28
$1.25
-
$5
Public
7-28
Twentieth
Co.
30c
20c
8-15
15c
Electric
$2,657,075
Total
7-16
j
1
5c
Union
7-31
(s-a)___
Extra
1
58 Mac
preferred (quar.)
Tyer Rubber Co., 6% prefeerred (quar.)
11- 1
revenue
Taxes
9-
$1.25
—
prior
11- 1
$1.50
preferred (quar.)
Wisconsin Natl. Life Insurance Co.
10-
$1.25
——
Tung-Sol Lamp Works, Inc.—
80c preference .(quar.)
Century-Fox Film Corp.—
Common (quar.)
$1.50 conv;.preferred (quar.)—.,
8- 1
8- 1
6%
Wisconsin
1945—5 Mos.—1944
Auxiliary Operations—
8- 1
11-15
7-16
7-16
10-15
10-15
Extra
50c
(quar.)—
Co.
$1.50
$1
50c
common—-.—--
insurance
7-16
8-15
12-30
*
t3c
preferred (quar.)
—*
Incorporated, $2.50 pr. pref. (quar.)
$2.50 prior preference (quar.)
Thatcher Mfg. Co. $3.60 pfd. (quar.))
The Fair, .6% preferred (quar.)—
7%: preferred (accum.)—
Thermoid Co., $2.50 pfd. (initial quar.)
Tilo Roofing Co., Inc., $1.40 conv. preferred
Title Insurance Co. .of Minnesota (s-a)—
Trinity Universal
Quarterly '
Net
8-11
1
$1
;
40c
7%.
1st preferred
9- 1
8-
$2.50
t$2.50
Service, common
5% preferred (quar.)
Wood (Alexander & James), Ltd.—
7% 1st preferred (accum.)
Woolworth (F. W.) Co. (quar.)
50c
Textron
Transamerica Corp.
1945—Month—1944
.
Tacony-Palmyra Bridge, 5% pfd. (quar.)__
5% preferred (quar.)
Technicolor, Inc. —
Teck-Hughes Gold Mines (interim)
Tennessee Gas & Trans.* 5% pfd. (initial)
Terre Haute Water Works Corp.—
7.% preferred (quar.)—
—
Texas Power & Light Co. $6 pfd. (quar.)__
& Pump—
Toledo Edison Co.,- 5% pfd, (monthly)
6%
preferred (monthly)
7%
preferred (monthly)
7-20
7-20
7-20
Wisconsin Electric Power Co.—
7-16
—
Tokheim Oil Tank
8- 1
8- 1
8- 1
$1.50
Common
4
7-16
7-27
$1.50
Extra
Expenses of Car and AuxiUary Operations
Sleeping Car Operations—
revenues
$12,493,750 $10,886,217 $58,407,084 $54,649,555
•Maintenance of cars__
4,273,610
3,537,317
20,501,961
16,492,238
All other maintenanceCrl48,225
62,055
Cr810,056
538,859
Conducting car opers
5,104,061
4,853,827
24,870,141
24,723,115
General expenses
607,229
603,775
3,119,118
2,924,548
7-27
$1.50
—
Line, Inc., 5% preferred (s-a)
Winnipeg Electric Co., 5% non-cum. pfd
Winsted Hosiery Co., common (quar.)-
,
Machinery Co
Sun Oil Co. 4!/2% class A pfd. (quar.)——
Sun Ray Drug Co., common
6% preferred (quar.)
Super Mold Corporation (Cal.)
(quar.)
Swift International Co., Ltd.—
Dep. ctfs. (reduced)
:
Sylvanite Gold Mines, Ltd. (quar.)
Syracuse Transit Corp., common
Trane Company,
Williamsport Water Co,, $6 pfd. (quar.)
& Co., $6 preferred
(quar.)
8-10
31 Vic
Suburban Electric Securities—
$4 2nd preferred (accum.)
(quar.)
Wilson
8-
$1
Sullivan
pref. (accum.)
pfd.
8-1
8- 1
8- 1
50c
50c
$1.25
(quar.)„
Wilson
37Msc
(quar.)
Chocolate
and
Period End. May 31—
8-27
$1
1
6
Revenues
of Rec.
9-10
$1.12 Ma
$1.37'/2
—
pfd,
8-
6
40c
Total
8-
7-
Holder*
,
Payable
Products—
8-
(A.)
$4.50
(quar.)
f75c
Coal & Coke Co. (quar.):
Strawbridge & Clothier-—
6% prior preference A (quar.)
Struthers Wells Corp., $1.25 pfd. (quar.)
$6
Instrument
t3iy4c
Stonega
•
Electric
When
Share
t43%c
Participating
Common
Name of Company
9-10
$1.25
preferred (quar.)
Steel Co. of Canada, Ltd., common (quar)_„
7%
preferred (quar.)_
—
$1.50
Per
0/ Reo.
31V4C
5%
Stmn
Holder•
Payable
$1
Phosphate & Acid Wks.
Stanley Works, 5% .preferred (quar.)
Stecher.-Traung Lithograph Corp.—.
5% preferred (quar.)
Standard Wholesale
Sterling,
When
Share
499
$1,238,479
'".L.
.
v
<
1944
$1,576,741/
-
THE COMMERCIAL & FINANCIAL
500
1
portable typewriters at this plant.
"Reconversion
has begun,
and machinery for making
(Jacob) Ruppert (New York)—Preferred and Common
Stocks Offered—The first public stock distribution in
.
typewriters
heing
many
i
>
(& Subs.)—Earnings—
for
Prov;
operations $19,156,242 $14,598,807 $38,649,766 $31,545,289
from
Income
de-
deprec..
4,807,264
pletion & amort;-;—
Interest
funded
on
Prov. for Fed.
debt
10,550,000
7,225.000
21,725,000
Consol.
$3,271,703
$2,058,655
$6,356,252
$4,275,266
share
$0.49
$0.28
$0.95
$0.58
ivy.;
net
com.
per
161, p. 2597.
;
Reynolds Metals Co.—Division's Name Changed—
J
-
the
to
Division.—V.
Pigment
162,
into
changed
140.
p.
authorized
500,000
issued
and
of
shares
mechanical
NOTE-—For
possible
order.
reasons
it
is
to arrange companies in exact
However, they are always as near
position
as
not
redeemed
on
contingencies..—---------------
Non-convertible
alphabetical
($100
alphabetical
ized
common
Earned
ft
.—
of carrying value
$15,544,600
(cost) of
investment of Jacnh
Inc.,, in Southern
Breweries,-Inc. over net
book value of such
assp?
subsidiary at acquisition (both
in
subsidiaries inrhH^
consolidation).—V. 162. p. 16.
uaecl
•Unamortized
excess
Ruppert-Virglnia,
v
Rheem
Manufacturing Co.—Earnings—
6 Months Ended June
30—i
Net
sales
preferred
stock,
have
pany
Preferred Stock Of¬
fered—a nationwide investment banking group headed
J.) Reynolds Tobacco Co.
—
agreed
sell
to
certain
Earnings
outstanding
share—.
per
•After provision
for taxes
and
effect to the reclassification and sale of
preferred shares the capitalization is as follows;
July
24, offered 381,940 shares of preferred stock 3.60% series
at par ($100) and accrued dividends. The shares offered
are the portion of a total issue of 490,000 shares on which
subscription warrants issued by the company to the
holders of the common and new class B common stock
subscription
The
unexercised.
warrants,
4Mi%. cumul.
en¬
Thg new preferred stock is subject to redemption
or prior to June 30, 1948. at $102 Mi
<
accrued
his
*
net proceeds is to be added to the working capital
During recent years, and particularly since 1941,
need for additional working capital has materially
increased due to the higher prices of leaf tobaccos and the greater
volume of business.
The additional working capital has in the past
been
obtained through borrowings,
the maximum
amount of
such
loans outstanding being $117,400,000 in the early part of
1945.
The
effect- of increasing the company's working capital through the sale
of tjbe preferred stock will be to reduce the amounts required to be
borrowed -from banks, but it is the intention of the company to
continue to supplement its working capital as increased by the net
proceeds
to be
received from
the sale of the preferred
stock by
borrowings, particularly during the
months
of each year
(August
ta February,.inclusive! when purchasing of leaf tobacco is at its peak.
the
the
:
-
:
company.
:
Capitalization
of Company,
as
Short term
Common
r
::
notes
April
B common stock
($10 part
1945___:
the
In
beer
barreled
either
the
1944
and
ale.
most
of
sales
were
which
bottled
or
company's
total
such
numbers
has
: The
t67.500.000
sales
consisted
beer
were
made in
its
at
of
sales,
individual
stock
preferred
agreed to purchase are
First Boston Corp,
as
and
;
includes 750.000 shares of preferred stock ($100 par) issuable
In series as authorized by the directors.
Only the 490,000 shares of
preferred stock, 3.60%r series now-offered-have been-so Authorized
Paul
H.
Davis
6,221
;
principal
executive
engaged in the
and, smoking and
offices
business
at
of
Winston-Salem
manufacturing
1,
N.
and
C.
Statement
._*"__
Sales,
company are Camel cigarettes and
smoking tobacco. In addition, the company manufactures
and sells George Washington, Our
Advertiser, Stud and certain, other
brands of smoking tobacco and about 48 brands of
chewing tobacco
2,416
°re important being Brown's Mule- Apple Sun Cured
Work
Company's products
in
the
and
IH;'
United
to
States
extent
some
t; extensive
•1f:
and
both
the
in
total
United
quantity
cigarettes
Results
of
1
V. }.*:•:
the
sold
-
were
export mainly
consumption and
to
as
174,4d8
30,895,787
468,847
557,064
36,816,597
374,450
10,893,723
42.057,343
44.087,692
36.900,995
32,603.802
325,478
25,645,455
25,548,424
23,239,386
19,860.231
18.492.479
342,997
\
23,884,464
.
^Dividends
Paid
r
,
-
.
of
preferred
of shares of such stock
issue
Of
July
16.
of- the
names
stock,
See V.
to
3.60%
be
162,
principal underwriters
series-and "the maximum
■
3^00
,
690
/
X944
1943
of-
the
purchased:1^^:wS^i TnS
p. 287.
I ♦Net
Net
14,447,114
12,062,073
$9,688,412
$9,452,416
7,646,282
,
r;
Gross
38,578
,
34,308
120,878
$2,007,823
132,424
120,170
126,576
$2,132,720
$2,127,993
44,596
193,849
$1,775,106
236,176
_^_____
^
186.930.
S.
Federal
f
and
Accounts
37,339
tax
93,000
750,000
900,000
1,600
14,739
6,100
.6,045
$713,905
$1,034,961
$1,538,929
219.601
"
$106,523
substantial
$1,941,061
H
and
in
35,000
bonds
State
revenue
1.755,156
stamps..,
232.759
(net)__
1.902,356
of
raw
materials
25,000
t
.
2,047.710
14.544
i' V
49.976
7,801,452
assets
____._i.____/__.
charges '___
—
,
Total
taxes
income
on
$2,214,861
3,300
•_/.
common
:,a
$1,562,661
——————
$1,546,840
stock.__.
375,009
375,000
i,opOiOQO
fPe<ieral, taxes:
1,000,000
income for the periods under report
on
$1,755,000 for
excess
31,
taxes and $2,691,000
31, 1945, and $750,000
Operating
and
*
:';r
:
Works—Earnings—
1944
1945
revenues
operating
for
for
ended
$195,000, respectively, for
profits taxes for the year
1944, after deducting
$299,000
post-war refunds —V.
161, p. 467, •
~
$1,013,083
$964,814
456!775
441,942
$556,308
expenses
7,044
$522,872
5,353
$563,352
$528,225
131,100
132,000
depreciatlonZIIZ
and
Operating profit
Non-operating income
;
:
Balance before deductions—
_
first
on
Provision
mortgage bonds
352
1,175
...
7i,223
19*2.572
—
•; i"1
for
Federal
discount"and~expensed
normal
provision for Federal
and
3.596
110,338
64,844
3,231
surtax
e?ccess«proflts
106,783
tax__.
Net income
Dividends on preferred stock
103,574
t
:
: Balance
—V.
$217,488
140.
p.
$217,036
35^626
35,626
$181,862
$181,469
III"—I
___
162,
-
V?:-'v
*
'"•*
-
$15,544,600
National Uniform Practice Committee of the National Associa¬
of Securities
Dealers, Inc., on July 18 announced:
-VWe have been informed that the Seaboard reorganization com¬
mittee, pursuant to Section VI of the
reorganization plan approved
Sept. 8, 1944, has determined,
subject to the approval of the Court,
tion
/
that
the
bonds
approximately
will
be
cash
the
on
in
no
to
for
consummation
the
be
the
issued
date
of
of
of
with
the
the
the
on
plan,
on
account
will
securities
.
be
such
of
applied
dealt
i'jv
to
with
and
claims
t"el
that any
at or
before
payment of interest
to the plan
pursua nt
,
the plan.
/
"Subject to the approval of the Court of the above arrangements,
and
acting under Sectioft 2(b)" .of. the Uniform Practice Code, tn®
National
•.
■;
.
the
of
securities
old
provisions
of
Section
VI
of
;
'.I?"
■--/
plan will be
plan, that
reorganization
consummation
claims
distribution
outstanding ./old
accordance
in
the
recomputation
available
.*.*
v+'jt-.i',
$2,210,573
663,733
$2,218,161
/
stock
San Jose Water
$2,210,423
150
-655,499
I™ce pr°vlsion of $754,000 for income
fn™«Pf
?es for the year ended May
income taxes and
■W.
'■**
414
1,429,539
2,505,000
3,445,000
*■;
Uniform
Practice Committee rules
that
i
'ft**.-1
1,840,215
408
1,523,930
income>/_
on
Seaboard Air Line
Ry.—Delivery Ruling—
$1,416,852
•
*Other
1,965,728
-
The
banks____—
accounts
Deferred
910,871
6,588,345
902,813
investments
income deductions
on
1944
*
7,009,167
'
-
receivable, loans, and advances (net
Total investments (net)—1—...—1—
! Total
property (net)
—;___i
s
1945;
,
$17,069,964 $15,476,749
600,193
charges and credits made directly to the
'
*
*.
$713,089
charges.
.? Deposit under contract for purchase
Total
^,-v*Vr
1...
income
interest
Amort, of bond
premiums,
$1,938,870
460,225
receivable
Inventories
.
income/^
on
Consolidated Balance
Sheet, March 31, 1945
Govt,
Co.—Earnings—
Miscellaneous
Deposit with trustee for redemption of deoentures
U.
Pay Bonds—;
$1,648,529
tax__^
hand
by the St, Charles Hotel Co., of which Harry L.
THbune").—V. 124, p. 3225.
(New York "Herald
nivW«^C°me preferred
Dividends
7,683,009
8,315,440
$2,000,296
surplus account.
on
owned
income
10,102,974
$283,059
certain
Assets—
is
operating
Other
Total
$240,361
income
earned
Cash
*
number
:
of
1942 1*
extraor¬
income
income
Kurzrock
Year Ended
/
3,000
(Including Subsidiaries)
...
(The
Underwriters—The
Federal
State
H.
12 Months Ended June
30—
$238,462
♦Before
23,000,000
22,500,000
21.000,000
amount for 1944 reflects a credit for
excess
profits, tax
carry-back adjustment in the amount of
$629,744 to •which- the com¬
pany became entitled in that .year,.
.»
j
B.
.
4,500
'690
42.698
bef.
,,
„
...
r
Crl,414
income
inc.
11-story 400-room St. Charles
(N. J.) boardwalk was asked on July 6 in
a
bondholders with Federal Referee Allen
three
(other than Federal
Provision for Federal taxes
'
——rYears Ended Dec; 31.
,
1,819,295
opers
Extraordinary
;
■
-(Including dividends with respect to common
stock of the
company
Retirement and Insurance
Investment Fund.
.shares
1,035
Bank-
bankruptcy for the
by
President
Interest
Net
Co., Atlantic City, N. J.
Taxes
.9,000
dinary charges and
held' in
/
from
Income charges
the
.17,000,000
584,805
17.753,449
18.562.741
15.000,000
984,492 (13,801,809 417,817,501
15.000,000
)?After deducting depreciation
and
all charges
and expenses
of
management, advertising, etc., payments/
<
1943
1S)44
i
-
$4,576,098 $20,916,228 $18,155,276 $15,570,744
2.517,856
10,561,914
8.466,863
6,118,327
taxes
7,569,916
10.500
"
2,075
such
na as such
$5,697,306 $23,896,397 $30,000,000
8,153,771
29,253,135
30,000,000
7,284,671
27,602,372
28,500.000
6,692,635
23,734,305
23,000,000
1940.,
*
P
taxes.
'45
2,949,076
Other income
Gross
profits tax.-.
Bosshard
Dividends
__^
sales
Profit
un¬
/;
May 31—
operating revenues
Operation
Maintenance and repairs
Depreciation
Amortization of limited-term
lo!500
*■
•
of
comparatively
for
overseas
J941i-__
ig42__——
a
Income
11,566
.
and
Fed. Taxes
Paid
35,061,531
—^
1944,
28.32%
but
■
■
Total
Total
consumption
Net
33,772,435
1938
in
State and
$30,056
1939
for
Interest
•Profit
193 IIS—
States
Approximately
Income
;
$7,525,174 $35,363,343 $30,217,348 tf.25.673,717
prov. for doubtful re¬
ceivables
jobbers
or
Operations for Calendar Years
37,418,472
1936-
United
abroad.
$29,623,759
<
"1935
*
and
of Internal Revenue stamp
"
i
of
of
services
States
Navy and related services for
wppe'Jfree
wholesalers
outlets,
principally those havine
During
the
war,
sales
have
also
indirectly, to various governmental agencies
excess
,
.'10,500
.
Bad debts written off &
retail
'•
A
San Diego Gas &
Electric
rev¬
delivery,
admin.
general expenses
and
Federal
all its outstanding first mortgage 6%'
redemption at par plus accrued interest to
31, 1945, the date of the extended
maturity. The company stated
that a previous
plan contemplating issuance of a
10-year debenturo
to be used in part to
refund the first
mortgage has been abandoned
in favor of cash
retirement.
As of Oct;
31, 1944/ the end of the com¬
pany's fiscal year, there were
$800,500 principal amount of said bonds
outstanding.
Cash on hand at the time
amounted to $1,195,950.—
v. 145, p. 2863.'
10.500
-
2,418
•__• -
$2,058,242 $10,354,314
Sell,,
and Day's
to
Oct.
and
_________
State
sales
of
subject
The company announces
that
bonds have been called for
May
principally for consumption
through
4
-
x
MosfEiid.
3
facilities.
£ercenta5e °f °ther products,
Aritrty
.
the
sold
are
through
distributive
ma<?e> directly or
representing the armed
•
manufactured
are
Cost
not
-St. Louis Car Co.—To
*
10,500
2,418
,
stamps
Net
Prince Albert
"$162,880
,
13,500
*
v
The hotel
Katz is
10,500
'
"
-
2,418
Consolidated
returns
and
enue
The principal products of the
;
less
allowances
Federal
"$320,699
outstanding bonds,
mortgage holders to share with other* creditors
in bankruptcy disposal
of the hotel.
;
,
"
*
t
'
.
$17,856
on
_.
27,000
2,418
Mar. 31,
products
167,133
•$19,759
Cr24,155
Newark, N. J.; Mrs,
of Glen
Ridge, N; Y.; and Muriel J. Bryer of
New York
City, hold first mortgage bonds of $1,000 each.
In an unusual action,
they waived the security given them as first
27,000'
3,110
/j
.
chewing tobaccos.
Net
sales for
the
year
1944
$387,997^88
(including Revenue Stamps
affixed
to
finished
amounting to $185,392,978) made up in respect of
types of
products
as
follows:
Cigarettes. 86.67%; smoking tobaccos
7 68%*
chewing tobaccos, 4.79%; miscellaneous, 0.86%.
were
133
167,154
."1', _';
petitioners, Abraham
The
which
.
2,418
_~:y "' **
.
________________
of
Company
cigarettes
selling
is
company
140.
Katherine
ComStk.
6,221
v;.
•.-.■
,___
by the directors.
.:Business—Company,- incorp. in New Jersey, April 3, 1899, maintains
9,267
33,428
8,266
33,430
$5,083
filed
Endicott.
-
>
•
& Co.
Hill Brothers
Whitney & Elwell
.
•$167,165
Cr22,887
the Atlantic City
on
petition
com¬
stock
*
■
Ripley <fe Co., Inc.
Kidder, Peabody & Co.
F. S. Moseley & Co.
White. Weld & Co.
Granbery. Marache- & Lord
company
is
the
Pfd.Stk.
Harriman
.
its
of
common
follows:
'
the amendment tc the* company's certificate' of
incorpoeffective June 27. 1945, the authorized capital stock of the
$45,994
Cr5,290
■
involuntary
Hotel
containers.
____
■f Eastman. Dillon & Col
Goldman, Sachs & Co.
%Joitfc^Under
$42,119
Charles Hotel
An
barrels of
and approximately 50%
Pierce, Fenner & Beane—
Blyth* & Co., Inc;
/_
-
Crl4|370
.
p.
St.
1,785,249
__________
90,000,000
125,686
Dr7 571
Cr4,660
„
from
ruptcy Petition—
of the several underwriters and the respec¬
names
shares
of
of
Merrill Lynch,
3945. the short term
$99j123
135,057
■Dr22,435
Crll,503
Cr 205
(Includes interest accrued
,
V.-162,
in New York
brewery
'
'
Cr2,410
charges...
Note—The
/%//•
^
;
tl0.000.000
(auth. 13,000,000 shs.)
tAi of July -7.
sales
consolidated
^
-
and
brewed
each
outstanding ^aggregate* $82,000,000.
(Including
200,OOfrr shares of common-stock (par $2,000i000) held in the com¬
pany's ^Retirement* and? Insurance Investment Fundi"
/
.' 1.
>
ration,
of
is
♦2,000,000
notes
'
cn
conducts one of the largest brewing businesses in. the
Underwriters—The
__
.^These^ notes-have been retired-
»bahk
10,
;
City metropolitan area and in the United States.
All of the
beer and ale. except beer sold in certain Southern States,
of
*?2U76
25,316
Crl,825
,
stock, payable on or
or about Aug. 15, 1945.
company's
tive
stock <$10 part (authorized 1,000.000 shares)™/
New class
'
bank
maturing
<1*2ft)
approximately 81%
company
New York
$8,000,000
(l3/«% )
payable
stockholders of record
and its subsidiaries.
City,
/
$68,695
25,973
Dr3,518
(net)
____
fixed
1945—5
M0S.—I944
$2,033,115 $1,973,385
2,054,291
1,874,257
367,175
,
and
constituted
.
404,958 *
income.
oper.
♦Deficit.
common
of December 31,1944
^inclusive
Notes
the
on
$0.87
16.
Accounts)
$435,870
$69,785
deducts,
paid.
declare a
of directors to
board
The bulk of the business is done directly by the company, the
balance through subsidiary corporations.
In 1944 the company's sales
maturing serially-in annual install—
taints of $2,000,000 front April 10, 1940, to April 10, 1949,
%
share
per
the
pert."
The
$474,743
Net income
malt
Notes payable-(1%%)
•
cents
intention of
p.
ry.
income
(Total
elder
pany
from
rents
income
Company is engaged in the business of brewing and selling fermented
beverages.
Its lager beer and ale are sold under the name "Rup¬
company's
expenses
ry.
Miscell.
1939,
1951,
Purpose—The
of
Net
son. Jacob Ruppert, who held this office until his death in
when he was succeeded by his brother George E, Ruppert, one
of the company's original directors and its Vice-President since 1915.
The management and ownership of the business have been in the
Ruppert family since the inception of the business in 1867.
^
at $103 Va a share
oper.
facility
Other
Business—Jacob Ruppert" (a corporation) was in¬
corporated in New York Nov. 16, 1910.
Business was founded as an
individual enterprise in 1867 by Jacob Ruppert and was so conducted
by him until incorporation in 1910, when he became President.
Upon
his death in 19X5 he was succeeded as'President of the company by
1954 and at $101 thereafter, in each case plus
to June 30,
dividends.
at $10iy2
25
Company
,
to June 30,
of
the
is
about Sept. 1, 1945, to
groups
revenues
revenue
Trustees'
of
dividend
offering represents one of the largest indus¬
trial financing operations of the year to date and is be¬
If redeemed on
31.
Dividends—It
The
ing made by one of the largest underwriting
formed in recent years, comprising 134 firms.
35,000 shs.
500,000 shs.
500,000 shs
the $2,096,000 outstanding 5% sinking fund debentures
due July 1, 1950.
Bonds of Southern Breweries, Inc., outstanding on
March 31, 1945, have been paid.
titling, holders to subscribe to the new preferred stock at
$100 per share at the rate of 1/20th of one share of new
preferred for each common share held, expired on July
21.
v
($5
Purpose—Company will apply the net proceeds to be received from
the sale of the 15,000 shares of preferred stock, together with treasury
funds to the extent necessary, to the redemption at 103 on or about
Aug.
oper.
operations
Outstanding
35,000 shs.
stock ($100 par)
par)
pfd.
stock
Common
Net
and
1945—Month—1944
Railway tax accruals—>
Equipment rents; (net).
Jt.
Authorized
by Dillon, Read & Co., Inc. and Reynolds & Co. on
remain
(Includes Corporate
Period End. May 31—
Railway
Railway
additional
15,000
$1.45
contingencies.—V. 162,
009
341
658'e3R
Rutland RR.—Income
Statement—
to
Giving
1944
751,122
—\
their
of
19^5
$53,772,000 $31,291
1,114,062
607
profit
Common shares
15,000 author¬
stockholders of the com¬
the
and
*
...
•Net
the several underwriters for public dis¬
holdings of preferred stock and common
stock to be received by them pursuant to the above reclassification of
shares.
'
•//'•'•
possible.
tribution
i(R.
the
of
25,000
3.725,000
5.905,631
0
surplus
Total
and sell the
Company has agreed to issue
par ).>
shares
845,000
75,000
.—
par) and 20,000 authorized and issued shares of 4Ma%
cumu¬
lative preferred stock ($100 par), and
the authorized but unissued
shares of 5%
cumulative preferred stock will be changed into 15,000
authorized but unissued shares of 4'/a%
comulative preferred stock
always
r
~
be
to
Reserve for
stock
common
r———
($5
.
80,560
1,061
735,329
319,693
75,726
36,325
•500,000
477,220
2,251,000
—
common stock
($50 par)_
Convertible common stock
($50 par)
Surplus reserved for conversion of
filed a certificate of amendment to its certificate of
incorporation whereby the presently authorized and outstanding shares
of non-convertible common stock and convertible common stock will be
Vice
MacAuley,
changed
S !'
■
P.
I—
Corp.
July 1, 1945
deposits on bottles and
cases—.-.
long-term debt—
Total
Company has
President, has announced that the name of
the Aluminum Powder and Paste Division, which he heads, has been
I*
taxes
■
Customers'
$2,596,000
16.950,000
income—
(estimated)
—V.
966.089
$491,849
"conso^lidated—Tenyork
liabilities—Federal income*
taxes...—
Other
Debentures
Capitalization—On March 31; 1945, the company had outstanding
5% sinking fund debentures, due July 1, 1950, of which
$500,000 was retired July 1,1945, by operation of the sinking fund;
and Southern Breweries, Inc.,' a subsidiary, had authorized and out¬
standing $155,000 general mortgage 67*
bonds, due Oct. 31, 1950.
The capital stock
of the company at March 31, 1945, consisted of
37,500 authorized but unissued shares of 5%
cumulative preferred
stock
($100 par);
1,500 authorized and outstanding shares of nonconvertible common
stock ($50 par), and 500 authorized and out¬
standing shares of convertible common stock ($50 par).
8,593,433
1,726,590
9.495,459
1,073,056
4,349.063
527,275
;
income &
profits taxes
excess
Earns,
1945—6 Mos.—1944
1945—3 Mos.—1944
Period End. June 30—
_—
Payrolls
Corp.
and Merrill Lynch, Pierce, Fenner & Beane offered 34,550 shares of 4Vz% cumulative preferred stock ($100 par)
and 150,000 shares of common (par $5). The preferred
stock was offered at $103.75 a share and accrued divi¬
dends, and the commop,stock at $18.25 a share. Of the
preferred shares, 15,000 are being sold by the company.
underwriting group headed by The First Boston
"We
expect to be producing typewriters in September, and full
production will get under way as soon as possible."—V. 162, p. 16.
Republic Steel Corp.
Accrued
:'V'
made July 25 when an
the history of the company was
brought in daily," Mr. Bauder said.
"At the same time,
machines which had been used in the manufacture of the .45
calibre automatic pistol are being moved out.
is
,n
payable—Trade
Foods, Inc.; above.—V. 125, p. 1203.
finbsid 1 ary"not
standard
its
all
30, 1945
Liabllities-
Accounts
See Hunt
(N. Y.) plant of Remington
Rand, Inc., is now reported to be under way.
Glenn E. Bauder, local
manager, announced that the firm would concentrate production of
\ •
Monday, July
Mountain Packing Corp.—Control Acquired-
Rocky
Remington Rand, Inc.—Begins Reconversion—
Reconversion at the company's Syracuse
,
CHRONICLE
''/
.........
v'='
•..
.v •
r
-
V.,
••/.j
.
'*
;*.
■
.v•
•
-;
••••
■
r-
•
.•
-
■*
-;
~H:.,./
,
all
;
"when,
.
.
•
as
ana u
Number 4407
Volume 162
THE COMMERCIAL & FINANCIAL
CHRONICLE
contracts in the above-mentioned securities made
approved Sept. 8, 1944, shall remain in full force
issued"
plan
under
the
effect,
and shall be settled on a date to be selected and subsequently an¬
nounced' in accordance with Section 4( f) of; the Code."—-V, 162, p. 395.
Period End. May 31—
1945—Month—1944
It
that negotiations have been almost concluded for
by this corporation of the 50%
interest in Compania
Ron Carioca, makers of Carioca
rum,
from the American Distilling
■Corp.
The earnings of the rum company have been about.
$1 million
annually in the past year or so.
190,748
26,179
23,486
26,705
28,454
324,032
127,979
52,629
619,700
norm,
original
over
cost
254,097
43,658
34,158
$42,327
(net)—
457,352
$60,772
Dr2l8
Dr592
-
income-
Gross
Net
$60,179
$730,169
31,487
368,341
income
$20,675
-
dividends
Common
—V.
——
E.j
According
of
,
Seagram & Sons, inc.—Listing of Deben¬
$50,000,000
Stock
value
The
at
20-year
Exchange
3V*%
has
debentures,
authorized
due
May
the
1,
listing
1965.—V.
semi-annual
report will
from
rose
June
30.
$10.53
to
portfolio
Common
$12.15
in
contained
stocks
the
accounted
for
and
show
31,
half
92%
dividends
Cumulative
payable
quarterly Jan.
1, April
U.
On
June
loans,
were
the
by
from
company
assets
of
the
period
investments
in
March
to
$134.61
31,
The
net
of
prior
share
per
assets
securities
12.5%
analysis
shows
1945
grade
Industries'
bonds
preferred
panies
the
and
stock
in
the
for
oil
for
railroads
4.1%
and
inventories, to reduce liabilities and
of
and
Six
Interest
to
Total
Capitalization Giving Effect to Present Financing
Authorized
mtge.
loan
serially Jan. 1,
1951 to Jan. 29, 1957____
4V2% cumulative pfd. stock..($1-00 par)
.Common stock
(no..par).;—:
assets,
preferred
The
principal
by public
70.0%.
represented
assets,
stocks
30,000 shs.
54,000 shs,
—
Jan.
on
t$907,500
;
30,000 shs.
29,
deducting 5,118 shares reacquired and
Business
and
June
in
the
is
engaged
in
the
operation
T.
Friedmann.
Company was incorporated in Wisconsin
on
May 25,
1901.
The
three
department stores operated by the
company have been in their present locations for
more than 30 years
The
three
stores
are
operated
upon
a
highly
that,
as
stores
nearly
have
the
merchandise
There
as
are
integrated basis so
be, they are counterparts of each other.
The
departments and all display and sell the same
may
same
the
at
same
prices
approximately
store.
>
^
,
115
and
on
both
cash
merchandising
prior
and
the
and
credit
departments
terms.
in
each
underwriters
company
aggregating
underwriter below.
named below have
agreed to
selling stockholders, shares of
number set opposite the name of
and
the
stock
Loewi
&
Morris
A.
C.
Co.
1
Fox
2,000
Best
&
Colli—-
&
Bingham.
6,252
_
_
F.
Sheldon
Braun/f Monroe
,
1,000
Co.
500
Net
sales
Cost
of
Selling,
'V
Gardner
The
F.
&
and
Dalton
Marshall
_
sales
Co._
gen. ; and
Balance
Assets—Cash
securities—at
816;
in
Co.
was
*71f7
9,717
>»■»•<-»
1 r*r»
o
wells
new
i
vt
daily
5
taxed-as
.a
"Special
Other
regulated investment,
tax
in
respect
;
taxes
income
and
291,497
-
'484,105
353,250
.206,614
-
excess-profits
earnings
taxes
net__.______.__—
'—
charges
500
,
3,907,670
;
Dividends
Sheet, June 30, 1945
and
accrued
Balance
for
securities
sold,
253,347
232.294
■r'r
other
deductions
:
preferred
on
141,162
$1,055,662
,412,865
417,818
$653,075
335,678
stocks
$52,207;
dividends
and
Liabilities—Dividends
against
cash,
payable,
$355,077;
due
for
securities
due for. securities purchased, $54,101; reserves
etc., $32,875; due for securities purchased when
issued. $305,788; bank loans due March 1, 1946, interest 2%
per annum,
$6,900,000; $5.50 cumulative prior stock ($25 par),
$6,025,000; $1.50
cumulative
convertible
stock
$2,056,940;
surplus,
'
1811.
p.
($5
$2,121,585; common stock ($1
$14,677,926;
total,
$32,553,890.—V.
161,
The
*
of
ended
March
May
Dec.
1,
$2.66
on
of
record
Dividend-^ |\r.
15.
1944.
directors
dividend
year
stk.
com.
loss
of earned
(out
record
of
and
Sentinel Radio Corp.—Annual Report—
earnings of the corporation for the fiscal
for
June 1, 1945, paid a dividend of -25 cents per
surplus) on the capital stock, par $1, tb:iipiders
Payments of 50 cents each were made op S'une T
On
company
share
The
Net
reserve
Sixth and Broadway Building Co. ^Swelldom Build¬
ing), Los Angeles, Calif.—Pays Smaller
par),
/
to
.335,673
loaned
$24,600;
taxes,
expenses,
—
118,938 shares of
on
addition
$642,797
.—a1."?;,—:■ j'v •
$307,119
$317,397
street railway investment
equivalent to reduction in consolidated
Federal
income
and a-exqess
profits taxes resulting from sale of railway property by subsidiary.
—V. 162, p. 174.
interest
$191,253; receivable for securities sold when issued,
$182,752; special deposits for dividends (contra), $355,077; total,
$32,553,890.
for
share
"Special
3,476,295
$241,512
were
after
provisions
for
renegotiation
and
of
May
Lincoln
the
cents
35
15,
share
per
Building
payable
Co.
also
June
1,
This dividend from the
1945.
"S
to
Lincoln
Sales
for
the
fiscal
year
totaled
$11,814,238
The
downward
adjustments
in
as
stockholders
Building Co.
a distribution of $.0435 per
share from current earnings,
together with $.3065 per share from capital surplus.
estimated
v
Profit
Account
for
Six
Months
income
Expenses
Depreciation
by provi¬
applied in the prior year,
Ended
April
o-ir
30/ 1945
Federal
B'way
tilncbln
Bite. Co.
Bldg. Co.
$73,057
$.62,962
36,289
$8,514
1,853
——
-
-
Amortization
renegotiation.
sales
Loss
and
6th &
Gross
adjusted
as
—-—-—
of
taxes
leasehold
'£$,513
•'f 1,645
458
,
income-
on
24,117
—.—_____
and
earnings
figures,
Mr.
said,
were
in
large
part
the
result
of
the
company's
entering into sales agreements with the Armed Forces at reduced unit
Alschule'r
$10,340
Dividends
prices.
:
'
"-1"'
v Mii'jCy- v
•
»:
yr.jvi
Corporation operated under the name of Electrical Research Lab¬
oratories, Inc., from its founding in 1931 until Jan. 17, 1945, when
its new name was adopted to conform with the
"Sentinel" trade mark
under
which
the largest
part of its peacetime radio and
radiqphonograph production was marketed. At the same time, the
company
inaugurated a new program of public financing which led to the
declared
5,155
"P>6
,f
.
Merchandising
profit
Other income
$2,573,199
$1,915,059
$1,514,901
,13,735
69,141
59,896
67,856
$2,642^40
$1,974,956
$1,582,757
,:-.V 83,201
77,044
89,049
'
Total income
Other charges—.
$611,591
8,632
__
Federal income tax
Excess prof, tax
V-\
(net).
income tax.
Wisconsin
$597,855
.54.200
245,000
245,000
250,000
.360,000
4
...
1,513,190
157,949
977,922
640,182
119,775
94,193
38,000
issuance of the 320.000
Income
shares
Statement
of
stock
common
Year
Ended
now
March
"
.
Balance Sheets, April
,
6th & B'way,
Assets—
Cash
Bldg. Co.
—^
Post-war
refund
Common
.
$150,758
divs..
13,821
pref. divs..
divs.____
5,814
surrender
value
$555,213
80.416' v/;
,
$509,332
80,416
80,416
,
.33,831
33,882
33,908
178,700
Assets—Cash, $2,464,415;
(net),
.
179,750
180,100
Balance Sheet, April 7,
.
ceivables
$643,000
U.
S.
Govt,
1945
Operating
•
obligations,
Other
$1,989,537;
of
life
merchandise inventories, $2,880,596; cash
insurance policies, $363,612; prepaid expenses
of
Leasehold estate,
excess profits
tax
equipment, etc.—
and
deferred
5,214
112,127
7,025
*—_
charges
supply inventories, $300,631;
investments,
$229,411;
employees'
stock
purchase contracts,
$44,157';
land, buildings and equipment
<net), $3,320,231; deferred
charge, $12,000; total, $13,173,556.
Notes payable to banks. $1,250,000; accounts
payable,
* *
Z'
'
accrued
liabilities, $181,618; provision for; merchandise
.tamps, credit coupons and
gift certificates outstanding,
$242,946;
^rovisi°n for income taxes, $2,407,074; accrued dividends on pre,
stocks,
?.n'
$29,157; reserves for self-insurance—workmen's
etc'» $29,361; mortgage loan, $707,500; class "B"
com-
'J,556.—v.
par)»
161,
$1,749,206;
p.
earned
surplus,
$5,429,070;
total,
2665/."'V-:T —VT-.
.1
*
income
profits
Normal
tax
Post-war
and
surtax
of
$13,-r
Capital stock of $1 par value
Surplus-
40,000
profits tax
!
profit
Earnings
-
per share
;
$241,512
—
_______
$0.75
_
.
Note—Provisions
of
products
sold
for
and
depreciation
expenses
V-:
and
amortization
amounted
Balance Sheet March
Assets—Cash
securities,
filed
or
in
on
deposit and
$1,796,399;
process
accounts
under
on
to
hand,
31,
included
in
cost
$101,819.
war
1945
$464,398;
receivable
terminated
—
(net),
y
U
S.
*
Total
contracts,
$363,220;
%l09
38,540
rv: 2,400
-^05
-
:
'
*1,080
20,620
108,924
—__
———
,j:434;ll3
$175,826
—
$492-914
20,620
159, p. 2528.
••
609 South Grand Building Co .(Edwards &
Wildey
Building and Annex), Los Angeles, Calif.—Reduces Ac¬
crued and Unpaid
Interest—Earnings, Etc.—
*
Government
$1,363,248;
ii
-27,454
;
173
__________
Cr67,500
-V.
Net
i
*$fel6
$.217
5,155
payable or accrued—
Lease deposits and advance rentals
675,000
___:
—
excess
$15
——;
accrued—_____________—__
Taxes
!.• 129,391
—___'
trade___—
payable.
Salaries and wages/ etc., accrued
5,354
$1,018,403
——-—
tax
refund
Accounts payable,
Dividends
$1,013,047
—
l.U '*(■
$492,914
Liabilities-
557,178
—
Excess
,3,608
in'
$175,826
10,244,013
■
stock (par $100), $1,148,800; class
"C"
7%
emulative preferred stock
(par $100), $483,300; common stock (44,675
1
$12,839,238
1,025,000
7%
^^Ua^ve;Preferred
no
tax
profit
Other deductions
438,036
;
.
Ground rent
income
Total
Bldj^Co.
——u-
Prepaid expenses
re¬
$1,568,965;
and
erred
Sales, less returns, allows., cash discts. and excise
Provision for renegotiation refund—
Cost of products soldSelling, administrative and general expenses
.
i.e..
liii&nln
,
$51,461
"$50,995
receivable;:trade-v-—275
—-
Accounts and notes
1945
:.o,1
30/1945
;.:
outstanding.
31,
'
-
'
Net profit
Class B 7%
pref.
Class C 1%
-
an" ipltial
declared
1945,
represents
31,
income
taxes,- Ernest
Alschuler, ? President,
reports
in
the
company's first annual statement. The earnings were equal to 75 cents
per share on 320,000 shares of common stock
outstanding, and com¬
pared with earnings of $287,777 as adjusted by final
renegotiation
in
the
preceding year.
The
company's. first dividend of 15 cents
per share was declared June 20, 1945. ;■
sions for renegotiation on the same basis
when sales were $13,324,939 after final
•
$914,500
$1,070,894
_______
j—____—
Earns, per
*
~132,480
—
income
Net
297,825
474,157
: :
$938,413
_•
income,
Interest
1.23,564
158,937
•
earnings
Net
*
i,4ttt;54l
r
depreciation
addition
Total
671,838
>
•
:
$3,699', 227
-
for
Estimated Fed.
$572,599
y.,
:>i?
1,499,319
~
,
,.V»y-.y..;'
'
*
$3,932,136
;1945
;
Taxes, other than Federal income
670,464
new .pro-
Co.—Earnings—>
revenues
19,347
662,970
allowable
■Jdi
•
19,125
$522,111
whichoadded;
11,127: barrels.
-too
Provision
;
was
no
Maintenance
.
report (thq.'qom-
llO wells
Federal
500
4,206,011
period of 1944, the added
Krt
1
"XT
barrels.—V. 162, p. 173.
"ft
**»«-» e»-
:■
production of 24,269. barrels.
same
the
these
87,357
receivable,
1945,
500
*
761,299
__
oil
of
Operation
banks, $570,786; investments in U. S. government
$400,000; investment in other securities, $30,801,-
cost,
receivable
500
Co.
&
Co
Riley & Co
adm.
crude
from
12 Months Ended June 30—
The unrealized appreciation of investments in
June 30, 1945, after
provision
of $1,875,000
for
possible
Federal
income
tax
payable if such appreciation were realized, was
$7,561,268, or $2,294,543 more than on Dec. 31, 1944.
500
__
expenses
potential
89,106
■;
m
3><n'K
corporation
allowable
79,030
liability for Federal income
no
daily
82,832
"$577,576
be
■
deducting
the
9 Wks. End.
-Years Ended. Jan. 31
...April 2, 1945 7 1945
•
1944
1943
$4,428,594 $22,884,683 $19,832,453 $17,277,594
3,069,439
16,105,472
14,009,723
12,286,396
,
v.:/:
.
should have
to
of
priced at $101.75 and
daily
Sioux City Gas & Electric
pre¬
Statement of Income for Stated Periods
."
such
has elected
of net income.
Shares
6,252
_
pur¬
the
Shares
The Wisconsin Co.
The Milwaukee Co
estimated
added
15,889
*
were
subsidiaries of this
84,360
'
■■■
662,764
corporation
as
'
•.
issue
"
681,754
cumul.
stock
♦The
■
*$579,326
$5.50
on
'
additional
Corp.—Completes 110 Wells-
producing
69,017
-
«
68,999
income
par),
from
ferred
net
a
The
$768,409
■
Underwriters—The
chase
$703,099
12,208
of
department stores in the city of
Milwaukee, Wis.
The present
is the development and
outgrowth of one small store estab¬
lished in 1884 in a
neighborhood shopping district by Edward Schuster
Albert
$746,842
•
Sold—An
treasury.
business
and
Domestic
30
670,125
-
Ltd.—Bonds
15,
Operating
-
Property—Company
three
held
i.
duction
Ended
$744,432
-y
Divs.
1942, borrowed from Northwestern Mutual
Life Insurance Co.
$2,TOO,000, due 15 years from date with certain
semi-annual payments, and secured
by a first mortgage covering the
land, buildings, and fixtures at the three stores and
warehouse, con¬
stituting the principal fixed assets of the
company;
Of the original
principal amount/ payments
aggregating $1,192,500 have been made.
tDue as
follows::$22,500 Jan. 1, 1951; $67,500 semi-annually from
July 1, 1951 to July 1, 1956, incl., and
$142,500 Jan. 29, 1957.
tAre
after
►"
Net
$44,675 shs.
*
•
$0.55
30,
pletion during the first six : months nf 1945
$86,655
_
$0.80
ended June
owned
Sinclair Oil
com¬
$95,270
607,828
*
♦
of
$76,718
_____
_
quarter
wholly
on
to
.663,900
Interest
Taxes
—
"Company,
Outstanding
due
$1.08
of
_
■
were
Months
83,898
$1.25
share
stock
Aug. 15, 1948, thereafter at 104 if redeemed on or before
1952, at 103 if redeemed on o? before,Aug.
15, 1956, at 102,
if redeemed on or before
Aug. 15, 1958, and thereafter at 101%. if re¬
deemed prior to maturity; in each case with
accrued interest-to date
of redemption.—V. 161, p. 1469.
:1
1942
expenses
'$,228,950
before
or
Aug.
An
$80,532
income
General
'•
|0,435,194
mos.
report
1943
income
14,507,369
2,572,404
These bonds form part of a series
maturing 1945-60, inclusive. They
are redeemable in whole or in
part in order of maturity at the
'option
of the company at
any time on 30 days' notice at 105 if redeemed
government
amounted
1944
Dividends
$0.19
16,957,000
6
ing was made.
The bonds
interest to yield 3.35%.
30,
$19.66
quarterly
gross
gross
1945
increase bank.balances.
'
June
During
for
$0.41
$650,000 3%% serial bonds due Aug. 15, 1960 has been
Wood, Gundy and Co., Ltd/ and no public'offer¬
<
Statement
$0.57
of
30.,
per
a
/!««+inti
Income
5,368,007
$0.63
the
Simpsons,
6.2%, building, equipment end renova¬
other
transportation
for
4.7%
and
and
7,699,011
the
appreciation.
the
about
group
of
7.4%
1,500,000
8,495,886
.
in
9.7%
stock
stock
about
industry
6.2%,
chemicals for
for
about
stocks
unrealized
included
common
common
accounting
for
on
•
.
Sold by
at
holdings of cash,
and
portfolio
accounted
16.1%'
in
utilities
security
bonds
about
holdings
are estimated at $1,373,660.
It is intended
net proceeds will be added to the
general funds of the
and will be available for general corporate purposes
pending
specific allocation. Some of the proceeds may be used to
carry addi¬
Selected
good
the
of
that
stocks
the
30,
and
of net assets before tax provision
these
receivable
at
share of convertible stock, as compared with $114.32
per share of
per share of convertible stock at June
30, 1944,
$124.79 per share of prior stock and
$14.08 per share of con¬
vertible stock at March 31, 1945.
June
f').<>"
2,104,000
fiii
p. 2666.
2597.
p.
company
accounts
totaled
before deducting bank
$34,453,234 at June 30.
with
1945.
i
-
1945, net income of Shell Pipe Line
subsidiary, amounted to $759,600, compared
$667,900 in 1944, $816,386 in 1943 and
$600,359 in 1942,—V. 161,
Corp.,
company
compared
as
on
equivalent
during
9*847,000
1,500,000
share
June
common
Inc.—Quarterly Report—
the net
$39,342,718,
for
For the
and
tion
received
1945
sold
appreciation
12,403,000
9,947,268
ad¬
stock
Earnings
per
At
inc.
ended
Government
prior stock and $8.13
July 1 and
notice, at $107
company.
First
Net
while
assets,
approximately $2,862,250.—V. 161,
was
and $36,974,766
1945
but not less than either $30,000 or the whole of its net
earnings
after such dividends if less than $30,000.
Sinking fund moneys not
used for the repurchase of preferred stock within the time
prescribed
will be returned to the
be
30,
were
1944,
stock
to
umealized
Selected Industries,
per
Purpose-rrNet proceeds
13,679 shares sold by it
investments
on
net
end of the period
1.
Redeemable in whole or in part on 30 days'
share to and incl. June 30, 1948, reducing on July 1, 1948 and on
each subsequent July 1 at the rate of 50 cents per share until a
price
of $103 is reached, and thereafter at that price, in each case
plus
accrued and unpaid dividends.
Entitled to the benefit of an annual
sinking fund, beginning in 1949, consisting of 10% of the company's
net earnings-after accrued dividends on the 4V»% cumulative
preferred
Oct.
profits
while
9,890,606
718,354
for period
per
common
companies
with
Realized
$255,961
income
Earnings
S.
13,535,371
604,081
profits taxes &
for
Net
5.9%.
1,
554,739
and
post-war
justments
company's largest investments, by industries, were as follows:
utilities, 12.3% of total assets; retail trade, 8.8%;
steel, 8.7%;
railroads, 8.6%; building equipment, 8.5%; and railroad
equipment,
Wisconsin
tional
Prov.
share
106
the
in
^760,332
14,448,268
debt
inc.
.
35,741,463
aband.
Fed.
«•<•:
value
Per
1944.
in
of
1.5%
asset
64,688,289
U:-
this
current
year.
investments
invested in preferred
stocks,
and cash.
was
Dec.
on
72,120,870
87,456,705
10,003,000
excess
The
Co., The Milwaukee Co., Loewi & Co.,
Morris F. Fox & Co., A. C. Best & Co., Bingham, Shel¬
don & Co., Braun, Monroe and Co., Gardner F. Dalton
& Co., The Marshall Co. and Riley & Co., recently of¬
fered 18,504 shares of 414% cumulative preferred stock
($100 par) at $104 per share and dividend. Of the shares
offered 13,679 are being sold by the company, and
4,825
by certain stockholders.
that
that the
of
and
funded
for
-
80,072,292
33,501,893
on
'1942
oi ' $ •>
99,444,836
gen-
for depr.,
deple.,
intang., devel. expen.,
Public
(Ed.) Schuster & Co., Inc.—Preferred Stock Offered—
The
P. Rubin, President, the asset value
15.4% in the first six months of the
$
132,888,080 123,198,163
and
i
1943
$
Prov.
Shares, Inc.—Semi-Annual Report
Edward
company's
securities
of
161,
2227.
p.
to
Earnings—
1944
99,386,187
amort,
increased
(& Subs.)-
1945
earns
selling
Prov.
$12,875,477, compared with $10,836,492
6.5%
York
New
oper.
'Costs,
16.
year,
It was announced
tures-—
The
162, p.
corporation
asset
(Joseph
Gross
Int.
60,000
,,
Oil Corp.
$
of
the
principal amount.
Provision
for
payment of the
$1,200,000 principal debentures previously had been made on
18, 1945, with the trustee, in accordance with the indenture
terms.—V.
149,113
162, p. 288.
Shell Union
3 Mos. End. June 30—
100%
latter
$403,569
60,000
121,778
459,202
has arranged to purchase the
Kessler and Siskind interests.
debentures
the
at
$803,363
399,794
$361,828
...
Schenley
by the
Outstanding Debentures—
Selected American
$28,692
6%
preferred dividends
Dividends on debenture stocks
owned
redemption of all the debentures outstanding is in addition
in principal amount of
$1,200,000 which, by the terms
sinking fund under the indenture, are to be retired on Sept. 1
to
16,446
21,433
that
stock
a
meeting of the board of directors held July 24, a resolution
adopted calling for the redemption, on Sept.
1, 1945,
of the
$11,400,000 principal amount of outstanding
10-year 4% sinking fund
debentures due on March 1, 1952, at 102 and interest.
$786,917
20,206
$42,109
-
deductions
payable, $900,000;
accounts
payable, $1,113,691;
liabilities, $i5,3b8; Federal taxes on income
-for year ended
31,
1945
(estimated), $1,550,000; provision for refunds of
renegotiate war contract
profits, $830,202; capital stock
(par $1),
$320,000;^ capital surplus, $365,984; earned surplus, $778,273; total,
$5,873,51 /.—V. 161, p. 773.
was
July
Income
understood
Carioca
To Redeem All
409,677
$709,963
*
Liabilities—Notes
accrued
At
779,839
factory and office equipment
mSIkS' t,!
parses.
March
("Wall Street Journal.")
This
income.
oper.
income
of
is
of
]•
Utility
Other
$4,938,436
2,243,911
of
plant
utility
also
50%
111,462
47,225
•
.
It
352,531
8,369
<
taxes
and surtax
Fed. exc. profits tax—
Retirement res. accrls.
and amort, of excess
Fed.
$5,022,292
2,441,566
341,699
$187,503;
^
purchase
,
9,351
Maintenance
General
$398,618
other assets,
is understood
the
1945—12 Mos.—1944
$400,909
■' 205,462
revenues——
—
tories, $1,494,414;
'
Savannah Electric & Power Cp.~Earnings—
Operating
Operation
Sol
Schenley Distillers Corp.—Seeks Rum Unit—-
and
The
to
the
claims
1936.
inven¬
the six
company
holders
This
on
of
June
the
1,
1945,
income
distribution
made
leasehold
represent*?
months ended April
an
an
interest payment of
mortgage
interest
30, 1945, and
a
bonds
pavmont
dated
of
payment of 2%
3%%
Nov.
1%%
on
1,
for
account
of
FINANCIAL CHRONICLE
THE COMMERCIAL &
502
Six
Ended
Months
income
Gross
Bond
$102,121
11,648
10,226
_
interest
—•——
Depreciation
•——
Amortization
75,260
11,647
_
taxes-—
$85,727
80,356
——_—
Expenses and
of
Net loss
bond
10,205
766
—
expense
the
to
applied
has
company
quire all Of the issued and outstanding capital stock oL
through exchange.^ It will issue 48,000 shares of stock
to
all issued and outstanding capital stock of Crescent Stages
766
eXSoSthheastern
this
and Socony-Vacuum Oil
Co
headquarters from London to New
York
Its
moved
•
company
^
•
v
Intava, Inc., owned
Balance
«
April
Sheet,
1945
30,
$11,229; cash held by cotrustee under terlns of trust
indenture, $27,275;
accounts
and notes receivable
(trade), $1,102;
leasehold' estate, equipment, etc., $644,660; prepaid expenses and de¬
ferred charges, $40,416; total, $724,683.
Assets—Cash,
of
name
International
and
name
payable
(trade),
$1,024;
accrued liabilities,
taxs payable or accrued—Social Security taxes, $267; accrued
$2,444;
1945—5 Mos.—1944
$1,108,577 $1,013,042
3,500
3,500
700
$229,144
172,183
26,962
$205,580
$1,105,077
119,808
717,343
$1,009,542
563,229
55,326
244,538
299,418
$29,999
16,017
Operating expenses
Operating taxes
bonds, $62,120; lease deposits and advance rentals, $1,482;
mortgage bonds, due Nov. 1, 1956, $776,500; capital
stock
of
$1 par value,
$1,553; deficit, $119,153; total, $724,683.
V. 159, p, 2528.
on
$30,446
16,557
$143,196
$146,895
82,892
80,779
Net oper. income
Net
income
—V.
trade
The
directors
Associates
July 20 declared a dividend of $1 per share on the
common stock, par $15, payable Aug. 27 to holders of record
Aug. 1.
This is the first dividend this year.
In 1944, the company paid 75
cents on July 31 and $1 on Dec. 15.—V. 162, p. 395.
Y;: 'J. :■["
Y'
■
''Y7
Y
should
be
Uncollec.
oper.
rev.__
and the Standard Oil Co.
(N. J.)
have been
granted permission by the Lebanese government to erect a refinery
each in Tripoli, about 40 miles northeast of Beyrouth.
There are no
definite plans as to capacities or when the refineries will be built.
The permission is in form of an option to build when the companies
deem it advisable.
When actual construction is undertaken the agree¬
This
ment
corporation
capacities.—V.
162,
--V.
Solar |
Manufacturing Co.—Registers Debentures—
a
The
preferred stockholders, at a special meeting to be held Aug. 7,
'will vote on ratifying a directors' proposal for the authorization and
issuance of $1,500,000 of 5% sinking fund debentures, due 1960, it was
announced on July 23 by Paul Hetenyi, President.
(
Upon approval of the recommendation, the corporation, Mr. Hetenyi
said, purposes to sell the debentures and 20,000 warrants to an under¬
writing group headed by Van Alstyne, Noel & Co.
Each $1,000 deben¬
ture will bear a non-detachable warrant entitling the holder to buy
25 shares of Solar common stock, or an aggregate of 37,500 shares, at
Net
agreement.
proceeds
from
Months
the
debenture
sale,
Hetenyi explained,
Mr.
will
approximate $1,425,000 and will be used to retire mortgages on the
corporation's Chicago and North Bergen, N. J., plants, to reimburse '
the treasury for outlays for facilities at North
Bergen, to buy new
equipment; and to provide additional working capital for post-war
operations.—V. 161, p. 1137.
Cost
sales
of
less
goods
$7,928,826
6,396,430
Selling,
South
American
Gold
Platinum
&
Co.
(&
Subs.)—
bef.
U.
Colombian
S.
S.
taxes-
taxes
inc.
1945
1944
1943
1942
and
inc.
(est.).
$147,308
17,800
$146,106
$89,478
$146,725
18,153
52,266
37,080
Colombian income taxes
(estimated)
Net
31,900
„
profit
•After
25,546
$97,608
17,743
$102,407
21,828
$19,469
$87,817
deducting all expenses and providing for depreciation and
depletion
(earnings
are
based
upon
sales
and
not
on
estimated
During
the
three
months
ended
March
31,
1945, the subsidiaries
of company produced
15,196 ounces of crude gold and 5,983 ounces
of crude platinum; both of these
products require refining.—V. 162,
p. 288. V'
general
and
624,948
&
Telegraph Co.
Invites
—
Southern Canada Power Co.,
Period End. June 30—
Gross", earnings
Oper.
&
-i
$279,850
$2,689,940
598
iDrl07
Total
operating
Provision
profit
depreciation,
for
$165,219
obsolesc.
&
Other
profit
895,148
taxes
S.
118,344
1,084,045
1,067,504
*$1,906
*$774
$16,475
*$22,862
.deprpc. & divs.
Surplus
•Deficit.- -V.
161,
694,272
525,855
of
current
earnings
'
Southern New England
Telephone
Period End. May 31—
Operating revenues
Balance
with
hand
on
accounts
Sheet
and
as
in
receivable
at June 2,
1945
Uncollec.
oper.
$2,714,305
12,000
rev
Operating revenues
Operating expenses
Operating taxes
$2,702,305
1,883,974
__
Net .oper.
Net
income
$2,549,300 $13,252,783 $12,464,003
8,000
60,000
40,000
Liabilities—Notes
banks, $120,381;
of
Marion
Shoe
cash
due
Division
in
527,804
—
—V. 161, p. 2793.
435,455
$290,527
202,839
income-
$298,097
202,167
2,592,663
2,018,655
sold
and
to
due
978,878
at
1945—Month—1944
5
Railway
Maint.
oper.
of
Maint.S of
Traffic
revenues
way &
struct.
8,642,426
824,103
—
Transportation expenses
Miscell.
expenses
16,401^854
expenses
General
1,384,751
1,182,'671
_____
/
—
20,053,171
12,826,936
' 2,265,590
facil. rents'(net), Drr:
100,754
7
r
v
.
*Net
oper.
income
780,710
4,940,889
4,423,335
14,951,343
1,337,420
1,161,644
95,149,059
7,970,964
7,128,276
.
-
4,859,891
4,879,801
26,142,252.
28,253,469
"Before
provision, for interest charges on
outstanding
Jion-operating income items.—V. 162, p. 174.
debt,
other
or
—Week End.
1945
The
New York
of
its $4
Stock
Exchange has authorized
cumulative preferred
stock
$
Gross
>-V.
earnings
162, p. 395."
the listing
6,360,380
Jan. 1 to
1945
for
redemption.—V.
162,
$
1944
$
$
6,623,687 189,099,470 184,088,386
Y'Y ■ V.
.
.
...
.
.
$288,829
been
applied
1943
received on
reduce book cost
to
ended
June
30, 1945 total aggregate sales of
to $11,126,294 and total
aggregate purchases totaled
(exclusive of U. S. Government securities).
market
at
at
June
30, 1945
quotations_i.__^
securities
at
$54,626,076,
market
*
quotations
4,0961901
4,944,604,
778,412
and
$64,445,993
330,681
308,528
accruals
;
—
stock
common
share
per
161, p.
in
outstanding
$63,806,784
1,234,113
(.without par value)—
$51.70
—
1811.
200,000 shares
preferred stock, series A ($100 par)
share.
a
;
part by lot, at
of
Cleveland.
Cleveland
due
Trust
of
395.
p.
course
any
Registrars, J. P. Morgan & Co. Incorporated, and
Co.
(1)
To
•
prepayment
$5,000,000
1%%
payable to
a
(2)
To
161,
Brands, Inc. (& Subs.)—Earnings—
share
1945—3 Mos.—1944
$
sales
Net
JCost
.
.
goods
adm.
from
oper
6,346,082
786,381
15,631,443
102,344
1,217,660
1,187,900
2,426,000
1,733,100
8,030,800
4,406,000
1,991,083
4,940,023
*4,154,603
$0.64
$0.62
$1.42
$1.17
225,000
225,000
948,983
790,819
450,000
1,897,966
450,000
1,581,639
sh.
com.
dividends
Common
dividends
a
comparable
would
months
ending
tBased
on
$562,374
have
accounting basis
been
June
3,163,277
and
six
$513,895
months
reclassified
with
as
1945,
"Selling
$2,275,000
expense"
30, 1945 and $4,101,000 for six
shares outstanding,
^Includes
for
the
quarters and
respectively.—V.
Standard Oil Co.
Despite
the
company
are
of
(New
of
defeat
still
the
needs
of
for
months
and
161,
p.
Cumul.
due
3%%
period
for
the
year
1944
were
$155,396,460,
-
pointed
out
that
present
replacement
of
oil
the
equivalent
production
oil
New York Now
In
the
war
demands
,
12,900,000
the
until
re¬
amounting
mentioned
not
may
maximum
thereof
amount
2,072,805
redemption
as
the
above
the
of
be
the
as
4lA%
plus such
maximum amount
$250,320,
to
required
cumulative
convertible
for
(Adjusted to Reflect Proposed
1,
Financing)
$15,000,000
2,341,671
debentures,
19G2_
stock
Outstanding
$15,000,000
fund
$100)
—
_
__
issu¬
400,000 shs.
series A
(par
-
stock
(par
$10)
stock.
of
in
outstanding had been
conversion
an
of
The
18,824
200,000 shs.
*2,388,380 shs.
3,250,000 shs.
shares
amount
the
treasury.'
4l/«%
cumulative
outstanding, may be
undetermined
As
of June
14, 1945,
shares through
convertible pre¬
increased, to 2,497,819
of
number
increased by
the con¬
the
19,741 shares of 4J/4 h
outstanding on June 14, 1945.
maximum number of shares of
common
stock issuable through
conversion of all shares t>f such
preferred stock: would be 114,992> an
of
convertible
preferred
of
stock
is
'
re-
relatively
being :
higher costs, tr
Headquarters of Intava Organization—
preparation .for the expansion of international ..aviation.; after
war, Intava
Inc., which coordinates foreign aviation
marketing
for
such
purpose.
'-
_
automotive
and
industrial
lubricants,
oil, greases, industrial oils and asphalt.
In connection with these
activities, it is engaged in purchasing crude petroleum and products
derived therefrom,
acquiring,' through lease or otherwise, and develop¬
ing prospective and proven oil and gas lands and interests therein,
producing, crude petroleum, marketing automobile accessories througn
retail
outlets, and in general conducting operations incidental to the
foregoing.
Y .YY
Y\v--v
YUp to about 1935 the company was
engagqd almost entirely in the
refining and marketing end of the business.
While the company does
not keep separate
department accounts,,, it considers that for the pas
10
*
*
*
fuel
were
entail
are'reserved
gasoline, -naphthas,- kerosene,?
*
company's
to
$5 69
from
which
History and Business—Company was incorporated in Ohio on Jan. 10.
Company, directly or through its subsidiaries, is engaged princi¬
pally in the production, purchase,
transportation, refining, and'market¬
ing of crude petroleum and products derived therefrom, including
1870.
s
resources?- now
will
the
1945,
proceeds,
$2,072,805
.
(par
series—i__
cumulative
.
He
that
—J.
The
developed in past years when costs of finding oil
said
convertible
mortgages payable——
pfd.
in
version
2152.
-
Holman
such
cumul, pfd. stock,
ferred
of>
forces and of war
production, Eugene Holman
said on July 20 in announcing the
company's estimated
earnings; - Net consolidated earnings for the first half
of
1945 approximated $3.07 per
share, or a total of $84;000,000 for the
period,
after providing for all Governments taxes.
The
share.
the
of
stock
Based upon the 19,741: shares
sinking
May
and
the amount
the
$1,032 905
President,
earnings
is
•Including 8,843 shares held
*
resources and facilities of thisto full capacity to meet
petroleum
armed
for
stock
3%
Common
Jersey)—Earnings, etc.—
on
stock
$100)
Germany,
being called
$107.50
Authorized
this
depreciation
$1,140,438
1, 1945, at
accrued ' dividends)
of
or
such
of
the
of
20-year
three
six-month
per
balance
able
per
2,153,975
Sept.
such purpose because
conversions, will be added to the general funds of the company.
Notes
income
inc.
about
Capitalization April 30, 1945
prof¬
exc.
tax
or
on
redemption date.
of
10,707,493574,522
2,240,623
for Fed.
taxes
234,620
Since
necessary
preferred
15,057,522
11,282,015
311,412.
2,410,000
-
$2,010,000
interest)
cumulative preferred
,'The
3,165,053
Prov.
the
298,750
5,113,120
201,037
______
for Fed. inc.
for
14,345,062
6,725,680
______
charges
•On
4,814,370
19,257,176
379,598
income
Prov.
Net
7,584,934
a
1942,
about
portion
9,806,282
accrued
outstanding on June 14,
required would be—
&
credits
Income
v
$
?
of
(exclusive
redemption
stock.
56,913,326 129,553,600 112,672,307
46,987,596 *44,514,021
95,451,362 •86,907,292
sold
advg.,
Income
$
of
interest)—.—
portion of the notes and mortgages
a
on
accrued
demption date into shares of common stock, the amount
ultimately required for such purpose will be determined
by the number of shares thereof outstanding at the
1945—6 Mos.—1944
$
com¬
Sept. 1, 1945, at $105 per'
share (exclusive of accrued
dividends) of all outstand¬
ing shares of
cumultaive convertible preferred
63,139,960
of
Profit
V
unpaid balance
note dated June 4,
(exclusive of
(exclusive
redemption
$2,600,000
To
(4)
-
•
■
Exchange.
120,000 shares of 5%
|Y
will begin
2666.
p.
its best efforts to list the stock
use
Stock
promissory
bank
prepayment of
payable
Company Canada Ltd., an affiliate, shortly
operations in its newly constructed plant in Toronto,
Henry Morgan,
of Detroit, President of the Canadian
company, announced on July 21.
—V.
of
'
(3) To
D
York
New
pany
--
Square D Co.—New Canadian Plant—
Square
the
on
Purpose—Net proceeds will be added to the cash funds of the
to be applied as follows:
150,000
per
produced-at maximum rates for
July 14
has
in
<
months
assets
Bank
The Guaranty Trust Co. of New York has been
appointed transfer
agent for the 150,000 shares of new no par $4 cumulative: preferred
stock issued in exchange for the $5
preferred A and $4.25 preferred B
shares.
Public
offering was made of the new stock not taken In
exchange, and the unexchanged balance of the preferred A and B are
lower.
1944
which
$72,158
shares of this series theretofore issued.
Sinking
redemption price $100 per share and accrued dividends.
Transfer agents, Chase National
Bank, New York, and National City
(no par):
sources
July 14
$5,018
and
fund
(E. R.) Squibb & Sons—Listing of Preferred—
■
.
1945
Listing—Company has agreed to
Mr.
Southern Ry.—Gross Earnings—
in
bonds
15, 1945,
in whole
time upon 30 days' notice, at $105 per share
and accrued
dividends, with reductions on July 15, 1947, and peri¬
odically thereafter.
Sinking fund to retire for each year 2% of the
corporation's fall and winter catalog went into the mails on
July 12, making it the first of the four big mail order houses to send
new book.—V.
162, p. 289.
7,908,032
18,876,472 101,836,428 106,613,958
11,939,237
63,381,751
67,034,331
1,994,042
11,856,163
10,622,260
63,389
456,262
703,898
$71,482
declared
$100
or
90,715,260
7,155,011
$833,932
545,103
and
out its
amount
$
—
.
ry.
$
53,143,114 313,168,348 312,273,619
7,234,404
42,240,772
43,229,969
8,801,119
53,901,959
52,228,050
■
j'Y Net >rev. fr. ry. oper.
♦Railway tax accruals—
Equip, rent (net), 1Dr__
Jt.
1945—6 Mos.—1944
$
55,411,310
6,922,334
equipment
expenses
Transportation System
90,645
$590,760
585,742
"
$663,762
aggregate number of
tNet
Southern Pacific
Co.—Earns, of
$958,552
33,975
16,310
123,990
Dividends cumulative from July 15,
1945, and payable Oct.
quarterly thereafter.
Redeemable at company's option,
and
current
Spiegel, Inc.—Issues Fall Catalog—
Preferred
Period End. June 30—
$736,060
I
16,018
$499,047
»
.
of 3%% cumulative
payable,
officers
other
$1,516,206
1,035,053
$827,555
1942
Standard Oil Co. (Ohio)—Preferred Stock Offered—
An investment banking group headed
by F. S. Moseley
& Co. on July 26 offered to the public
The
its
$1,513,509
26,295
$932,257
""
connec¬
banks, $200,000; accounts payable, trade,
employees,
$48,485;
accrued
liabilities,
liabilities, $3,297;
other liabilities,
$1,383;
reserves
for,." fidelity
insurance,
$1,459;
common
stock
(266,799
shares no par), $1,166,328;
capital surplus, $1,749; earned surplus,
$1,157,384; total, $3,041,157.—V. 161, p. 607.
$291,296;
$169,776;
Gross
$2,541,300 $13,192,783 $12,424,003
1,807,748
9,086,611
8,889,142
23,005
,,
six
assets
—V.
by H. M. Hubshman & Bro., $172,875; accounts receivable
$424,003; other accounts receivable, $8,298; inventories, $1,850,813;
other assets, $89,755;
fixed
assets
(net), $348,356;
intangible
assets, $2; prepaid expenses and deferred charges, $26,673;. total,
$3,041,157.
general expenses
1945—5 Mos.—1944
__;
payables
Shares of
$30,250
guaranteed
•
Co.—Earnings—
$713,055
*17,397
banks
Current
Net
Selling,
1.945—Month—1944
.
'
.
.
$810,158
*24,500
11,168
$57,774
Period End. June 30—
company for the week ended July 21, 1945,
as
compared with 1,960,000 kwh. for the
corresponding week last year, an increase of 0.7%.—V.
162, p. 395.
1943
receivables
Dividend
income
Standard
Southern Colorado Power
Co.—Weekly Output—
Electric *• output of this
totaled
1,973,000 kwh.,
in
Net
Net
'
1944
Total
14,637
account
on
2793.
p.
Corp.—Earnings—
7,875
Government
Cash
4,436
46,473
earnings
refunds
els
$49,323
3,725
current
recoverable
on
of
11
38^
1945
Statement of Net Assets As
U.
1,322
$119,140
deductions
Reduction
flow
Th
securities amounted
$48,001
$115,836
3,304
income
Total
855,447
64,671
the
Current
Income
n
Texas
report
$678,672
railroad
46,264
amove.
income
w*
$654,172
____
including
Investments
Operating
Indiana
247.
p
W.
$94,265
49,383
to
593,738
For
of
County
press
completed
161,
J*
essrs*
Co.
$70,024
:
Seal.
Seal,
J.
147,776
$8,031,317
$2,425,944
97,609
been
5,080 feet.—V.
taxes
pf securities.
called
113,146
62,879
120,407
'
have
bonds_^.__^
income
"Not
r-
Opened—
Oil
617,056
1945—9 Mos.—1944
$294,526
maintenance-
Taxes
Int.,,
Ltd.—Earnings—
1945—Month—1944
Standard
-loss$118,009
:
$94,372
expenses._
—
shares
The company has sent out invitations
for bids to be considered at
11 a.m.
(EWT), in New York July 30, for its proposed
offering of'
$45,000,000 in new 2%% debentures, due Aug. 1, 1985.—V.
162, p. 289.
to
income
defaulted
625,183
$164,621
administrative
Net
•
in
Southern Bell Telephone
Bids for Bonds—
said
was
Co*
ar£
Co H'
289.
p.
Surplus
4,242,946
Operating profit
operating revenue
•
production).
of
Expenses
(net),
Quarter Ended Mar. 31—
■"Income
the
received
Reserve for
$4,962,502
4,563,128
Other
tion
Earnings—
162,
pool in southwestern Cochran
Slaughter pool, according to a
hours from
on
the
„
been
reconstituted
as"follows:
Michler, F. E. Powell Jr""anri
6 Mos. End. June 30—
June 3, '44
$5,352,697
discounts
nd that
ffi tI
Secretary;
Dividends
2, '45
June
sold
Assets—Cash
U.
6,918,048
Ended—
Federal
price of $1.50 above the market at the time of the conclusion of the
underwriting
-
$8,317,221
1,315,732
t
Gross
registration statement for
$1,500,000 of sinking fund 5%
debentures and 57,500 five-year war¬
rants, plus a corresponding number of common shares to be issued
upon exercise of the warrants.
a
$1,597,287
of
24
Interest
Spencer Shoe Corp. (& Subs.)—Earnings—
The corporation has filed with the SEC
%
$1,679,777
1,420,960
_
nni J! :onal
by Intava Inr
>
161, p. 2666.
6
i
income-
oper.
income
has
affiliate
an
oil
new
well
in
Total
Net
Net
288.
p.
a
Dividends
provides that Lebanese labor must be employed except in highly
technical
\
$13,954,270 $12,467,737 $68,277,891 $60,967,327
8,600,474
7,643,610
41,523,254
37,612,103
3,674,019
3,226,840
18,437,416
15,426,398
__
directors
State Street Investment
.
Operating revenues
Operating expenses
Operating taxes
of
company
west
of oil
1945—Month—1944
1945—5 Mos.—1944
$13,976,930 $12,488,293 $68,391,297 $61,087,759
22,660
20,556 ;
113,406
120,432
31—
over
York.
fV
discovery
Southwestern Bell Telephone Co.—Earnings—
revenues
taken
New
Stanolind Oil & Gas Co.—New Pool
opened
Period End. May
(aviiltion
,
and
board
This
161, p. 2666.
Operating
M
Aviation
Connolly, L. B. Levi, ,G. H.
White, Leigh, Dudley and Baxley.—V.
Yv'
Socony-Vacuum Oil Co., Inc.—Expansion—
v
officers
miles
on
Broad
B
Socony-
n,
mark "Intava"
Trpnsnrpr
Treasurer.
Skelly Oil Co.—Declares $1 Dividend—
«
«
directors pf Intava Inc. are from
Standard
(New Jersey)
or
Socony-Vacuum Oil Co., Inc
The
nt f
W. W. White, President;
Stanley Leigh, Shepard Dudlev anri
Baxley, Vice-Presidents; D. R. Brewer,
Co.—Earnings-
700
Operating revenues
leasehold
income
____
rev.
oper.
All
The
Liabilities—Accounts
interest
1945—Month—1944
$229,844
$206,280
period End. May 31—
Operating revenues
Uncollec.
uu
iina
V?n and
Associates/from which t*
J the
was derived.
Standard on n brand
(New Jersey) and Socony-Vacuum Oil
Company, Inc recenth,°,,mpany
that all the functions
they had formerly assigned' to IntlL !cidecl
acqune
through
Aviation
Southwestern Associated Telephone
j£terests,
tat
Inc., was organized in 1944 to
supplement
petroleum activities originally undertaken
by a groun of
technical petroleum experts established In
London in
headquarters should be in
k\
w
I94s
W
'
-
.
equally by Standard Oil'(New
Jersevi
Vacuum Oil Co.,
2489.
p.
of
Street*.
filed for authority to acquire the two
had previously
161,
companies.—V.
$12,172
$853
'————^
——.
1944
1945
April 30—
has
Interstate Commerce Commission
for authority to issue 98,000 shares of common stock in connection
with the acquisition of control of two companies.
•
Southeastern will issue 50,000 shares <$5 par) common stock to ac¬
The
Inc®1*1® Account
v■'Yv■ 'Y:- v';
Lines—To Issue Stock
Southeastern Greyhound
interest.
Therefore, the unpaid interest accumulated
reorganization on Nov. 30, 1936, has now been reduced to 4l/a%.
accumulated
Since
Monday, July 30)
activities
years
its; activities
in'..both marketing and
refining • have been
profitable,^ However, during certain of .-the depression years of
early 1930's the company's earnings in the refining branch of
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4407
Volume 162
companies, were adversely affected,
point of losses in certain years, by the limited margin
available between the delivered cost of crude oil and the wholesale
orices of the refined products.
As a means of protecting and strengthina
its refining and marketing operations and in order to tend to
stabilize and, if possible, increase its overa'd earnings, the company
recognized the desirability of achieving an increased degree of integra¬
Summit
adjustments, etc., there remains in the hands of the Union National
in Newark. N. J.r trustee, available for distribution a balance
of $87,381, which fund permits a first distribution at the rate of 73%
on
the
$119,700 principal amount
of second mortgage certificates
outstanding.
',
"The status of the real estate taxes is that the 1942 assessed valua¬
Bank
.
State Board of Tax
a net refund of $2,866 for
received as yet.
For 1943
and
basis of an assessed valua¬
tion of $190,000.
Pending determination of appeals by the City of
Jersey City,
there has been deposited in escrow with the Union
National Bank in Newark, under the provisions of the contract of
sale, the sum of $8,500 to cover any additional taxes for those two
years.
The purchaser has assumed any additional taxes for 1945."
Appeals,
that
Underwriters—The names of the several principal underwriters and
number of shares of preferred stock which each has agreed to
the
"
Name—
Moseley & Co.
Biair & Co., Inc.
F. S.
___—
W.
Fahey, Clark &
2,000
Boston Corp.
The
First
-The
First
Corp.
&
Co.,
Cleveland
Ripley
Harriman
Inc.
Hawley,, Shepard & Co.
Hayden, Miller & Co.
Hornblowcr & Weeks
&
&
Beane_____.__
Murch
H.
&
Jackson
White,
Income
Real
Net
8,000
1943
net
94,133,461
-
Oil
3,154,690
7,579,674
5,181,775
sale
expense,
debt
422,686
773,096
14,346
396,957
138,506
tion refund
for
513,929
625,526
35,462
include
112,465
27,468
Profit
1,759
7,843,101
1,005,913
10,214,635
1,240,198
and
8,849,014
11,454,834
Fed.
from
excess
State
taxes
Credit
Net
pfd.
Common
♦
2,520,500
tax
Reserve
23,500'
56,700
Crl,750,000
1,500,000
dividends-
4.905,634.
600,000
600,000
1,890,663
The
5,649,880
600,000
* 1,701,596
58,334
2,018;938
estimated
and
This
oil
&
$2,230,300
235,455
$1,235,021
261,997
$3,295,797
89,559
*2,162,944
$2,465,755
148,501
976,124
60,348
*1,570,875
$1,497,018
60,621
*915,600
$1,043,294
$834,532
$520,797
excess
1944
1943
Cash on hand,
U. S.
$1,236,028
tax
546,664
690,323
conting.—_
100,000
100,000
765,220
100,000
prof,
Inventories
:
Estimated
demand deposits, & time deposits
securities— ii.__
3,061,490
16,604,381
.
x.
Investments
*
19,127,910
taxes
t
Miscell.
Fixed
•
other
1,045,353
$277,141
$0.96
1,179,750
22,043
$370,808
$1.29
receivables, advances, deposits, etc.—
( at depreciated^ cost)wli.ii.-i_-;^--•
License and right to manufacture—————
Prepaid- royalty and' taxes
_i-..
Other deferred-charges
:
r
US
1,097,659
75,626,814
payable
Accounts
•.
...
_____—:
payable, trade—————;—
Salaries, wages,
Accrued
taxes
Accrued
106,649
1,325,094
interest
243,570
current
j,axes on income (est.)
202,907
2.656,756
21,904
on
preferred
stock
•
'
Total
long-term debt
Reserves—Annuities and death benefits———
Workmen's
compensation
Contingencies 1
E
J.U—————
1,190,553
19,169,805
1,235,722
Common
stock
(par
$25)—
surplus
surplus
Common
stock
r_——I.————
-
in
treasury
—,
-—-—
as
>
each
for
share
by
four
then
Sr' ;/''CC■ :y-S::
held.
The
offering
is
being
under¬
a
20,277.800
Drl5l,950
A reservation of the name Schine Ten Eyck
filed with the Secretary of State at Albany.—V.
~
net
1945,
assets
—V.
—_
—
A-
other
Prop,
Net
Other
taxes
retir.
.—
71,636
233,482,;'
69,633
approp.
70,000
83,333
120,116
—-
res.
f
completed arrangement with a group of 10
banks
for
a
$12,000,000
eight-year serial
loan carrying , a 2 /4/<?
Interest rate, according to H. S. Vance, Chairman of the board.
Proceeds will be used to finance the Company's continuing war pro¬
duction activities and will replace $12,000,000 of borrowing under a
YT-loan credit' agreement for $80,000,000 previously used for such
The
corporation
income
Net
the
of
to
B.
of
the
.
TWA
as
Thurston, Treas¬
responsibilities
V
with
corporation,
Balance
——_!
175.
$270,091
Total
of
that
4
*
.
office
York
New
known'
273,913
153,119
£
;
of
public
$1,995,698
with
$644,481
32,137
94,141
140,065
:
profit
an
at
in
investments
.
receivable,
securities
1,
shares,
$1,226,193
plus,
;'
no
for
120,500
130,636
,
$390,846
424,140
.
$424,867
424,845
June
on
$3,502,943;
was
on
June 30,
Dec.
31,
1945
investments
investments
^
in
this
compares
1944.
U.
!:*'■■
■
4
;
S.
Government
other
in
securities,
$19,147; dividends
securities
accrued,
when
$7,360,000;
par),
$26,994,431;
$3,534,500;
total,
I '-::V-
dividends
against
reservesfor
purchased
1960,
4x102,144
.
loaned
$32,451;
securities
Feb.
14,417
85,539
at cost,
sold,
and in¬
etc., 194,056;
receivable
for
securities
sold,.when
special deposits for dividends, etc., $239,829; total,
'
Vh
;
Liabilities—Interest
chased,
.
$650,000;
$662,063
34,943
v.
,
30, 1945, after
for possible Federal income tax pay¬
depreciation of $441,892
receivable
issued, $190,451
$41,295,428.
for
$631,827
78,977
110,537
424,140
of
banks,. $608,313;
cost,
559,696
41,647
$422,679
appreciation
unrealized
1942
$102,368
545,516
,
$653,840
4
424,140
declared
Assets—Cash
terest
1943
$86,311
;
$378,138
divs.
unrealized
securities,
375,678
$1,620,020
581,653
Balance Sheet,
$1,601,871
375,678
June
on
company
1944
$72,187
deducting provision of $1,425,000
able if such appreciation were
realized,
$3,454,749
/ 1,852,878
stock——_
debt,
funded
$43,821,192
the
Ended June 30
■
Net
$3,416,976
' 37,773
$116,972
of
569,964
income
Preferred
1,000,000
$4,798,905
2,803,207
deducting
1945 to
report
$74,517
Interest
2,265,470
840,656
52,538
...
before
31,
quarterly
earned
Taxes
160, p. 671.
1,724,272
851,851
March
on
the
Expenses
The
$4,746,367
3,504
$464,510
to preferred
applicable
—V. .162,.. p.
1,182
;
$190,597
income
Dividends
■.;!
.—
charges—
Interest, etc.,
has
associated
1945
Corporation
946,667
$266,587
$463,328
revenues—
income- (net)
oper.
Gross
Studebaker Corp.—Gets New Loan—
John
heavy
increasingly
;
staff
the
to
assist
will
Earnings for 6 Months
Interest
1945—Month—1944
1945—12Mos.—1944
$1,240,310 $1,142,872 $14,511,540 $13,193,019
515,230
489,837
6,242,383
5,669,917
taxes
Federal
133,145,370 136,910,634
162, p. 174.
appointed
He
been
$41,078,810
*
$39,393,632;
Total
the
has
from
Service Co.—Earnings—-
Operating revenues
—"
Operating expenses.—
5,312,026
Drl51,950
Ten
Period End. June 30—
10,133,900
36.154,769
the
Texas Electric
12,000,000
23,883,300
7,896,552
37,231,134
been
at
.
,
-
'
according
Hotel, Albany, N. Y.—New Ownership—
The Schine Theatre
recently.
340,947
12,000,000
3,894,400
has
Treasurer-General.
discharging
totaling 813,243,358
miles
released
by Francis F. Randolph, Chairman of the board.
At June 30, 1944,
net assets were $36,573,193.
The net assets on June 30, 1945 Indi¬
cated an asset coverage of $5,953.96 per $1,000 of debentures, $257.89
per share of preferred stock
and $9.18 per share of common stock,
as
compared with $4,969.18 per $1,000 of debt, $206.62 per preferred
share and
$6.20 per common share,
respectively, on June 30, 1944,
and
$5,581.36 per $1,000, $238.49 per share and $8.06 per share,
respectively, on March 31, 1945.
At June 30, 1945 the Tri-Continental holdings of cash, government
securities, and good grade bonds and preferred stocks amounted to
10.9% of net assets before tax provision on unrealized appreciation.
The total bond portfolio was approximately 8.2%
of gross assets while
preferred
stocks
accounted
for
about
18.7%
and
common . stocks,
excluding those of subsidiary corporations, for about 60.8%.
The
principal components of the common stock portfolio were the holdings
in building, equipment and renovation enterprises, representing 8.5%
of gross assets,
public utilities accounting for 5.2%, oil companies
for 4.7%, and banks and insurance for 3.9%.
S:;S"''S
~
corporation announces that the public soon would be able to
its two-seater -post-war private airplane.
flyer is" said "to be already in production and the company
has been
32,798
366,693
preferred stock—
4y4% preferred stock__i—
pound
-
Blair-Smith
30,
stock at $27 a share.
The offering will be made
the registration certificate filed with the SEC has become
interests will assume ownership and operation
Eyck Hotel at Albany, N. Y., on July 21, George J. Hatt,
attorney for the hotel trustee, said on July 12.
Court approval of the
transfer from the present owners, the Albany Hotel Corp., was given
of
499,771
-
Mail pound miles were 3,228,451,-
express
Appointed—
increased
capital
Ten Eyck
971.911
509.867
32,798
and
86.9%
gain.
Blair-Smith
The
authorized the offering to shareholders of 25,250
expects full production by September of its B-l model.
It will sell
for $2,295 and is described by the company as a two-person, standard
monoplane equipped with a 65-horsepower engine.
It was said the
plane would be on the market by October or November.
Also in production is a" family sedan-type, the firm said, adding it
already has orders for 6,500 private planes.
Taylorcraft said the
four-place ship will sell for $3,550, with a 125-hp. engine and for
$4,000 with a 140-l.\p. engine.
Those planes should be in full production ny December, the company said.—V, 161, p. 2793.
"
.
20,199,617
1,014.257
*
of
Dividends
933,186
Other
5%
,
223,004
—
up 72%.
revenue passenger miles, or 53.9%
Revenue miles flown were 2,860,161,
ago.
103,569
1,246,298
1,201,081
accruals.—V. 162, p. 175.
The
...90,201
222,617
liabilities:.—-——-
soon
buy
257,726
—
steel wheels.—V. 161, p. ,1584,
forgings and
Lybrand,
Ross* Bros.,
and Montgomery,
nationally
accounting firm, since 1931.—V. 162, p. 289.
The
3,952,554
.
*
Metals v stock,
General
reserve
2,468,346
4,538,797
—
and
operated 49,909,898
17.8%
in
Mr.
Taylorcraft Aviation Corp.—Producing Civilian Planes
:
iSy'l
2,099,250
2,099,250
20,906,869
16,324,567
——
payable
Mortgages payable
Earned
902.092
of
holders
minority
gain over the 1944 month.
a
Dallas
group headed by McDonald & Co., and including Fahey,
Hayden, Miller & Co., Merrill, Turben & Co. of Cleveland,
and Vandenberg & Karr of Los Angeles.—V. 162, p. 396.
1,046,776
'
Iv3l7,84*
and; cqmmissions_i_-----i----income taxes)—
Dividends
Capital
1,195,450
1,196,719
1,252,793
(other than
Federal and State
Other
■
_
of
written
74.989,555
-
200
in June a year
gain
a
Assistant
$7,084,869
101,898
income
TWA
than
urer,
$7,614,055
common
foundries
pound miles of 5,108,316,957 were
express
June
office.
$589,645
264,460
The offer expires
12.
'
of July
as
.
48.5%
a
1945—12 Mos.—1944
$632,227
-
the
of
California
operating
held
stock
common
about
are
New Official
105,056
revenues
income
tional
133,145,370 136,910,634
Total
Liabilities—S-
Corp.
1944 and
more
$349,054
$1.21
718,
1945—Month—1944
30—
85%
about
Corp.,
passengers, ia gain of 46.2%. Mail pound miles totaled 15,440,813,428
or 94,7%
more than were flown during the corresponding period of
814,460
100,000
-
of
owner
Metals
General
228,805,759 revenue passenger miles 'in the first six
1945, an increase of 62.1 % over the same period last year
according to preliminary figures announced on July 25 by E. O.
Cocke, Tr&ffic Vice-President,
«
A total of 14,448,989 revenue miles were flown or 57.4% more than
in the first half of 1944, Mr. Cocke said.
The line carried 239,932
Shareholders-of record July 24 will be entitled to purchase one addi¬
22,043
1,223,801
<
Offer for General Metals
Transcontinental & Western Air Line, Inc.—Traffic Up
New York, N. Y., has been appointed
cumulative preferred stock.—V. 162, p. 396.
effective;
1,750,000
1,043,300
1,179,750
1,750,000
.
'
'
'
■
TWA operated
Clark & Co.;
assets—
assets
Notes
as
8,927,804
' 7,073,555
18,111,618
19,444,883
carry-back "provisions of the
and
'
months of
Manufacturers Trust Co.,
shares
re-
Estimated post'-war refund of fekcess profits tax
Claims against closed banks (net
,
.
income
Internal Revenue Code!
<
-
Federal
9,862,614
Ll
r
refund of
ceivable "under
•
of
castings, drop and press
$1,263,514
The directors have
~
accounti redefvaDle 'thet_r_
Treasury
Notes and;
•
161, p. 316.
'
Tri-Continental Corp.—Quarterly Report—
'
•-
only 6.5%, he said.—V.
of California.
The offer was contained 'in a letter sent to General Metals stock¬
by Walston, Hoffman & Goodwin, stock brokers of San
Francisco, Calif., as agents for Transamerica.
;
General Metals Corp. has four plants in Oakland, three in Los
Angeles and one in Houston, Texas: makes steel, iron and malleable
1942
$1,129,032
1945
♦Gross income after retirement
Apr. 30, '45 Dec. 31, 44
$
$
'*
"
holders
Co.—Earnings—
profit
♦Gross
Sheet
Assets—
the
K
mainly residents
profits taxes of $819,000 in 1945, $1,660,1943.—V. 161, p. 2489.
$923,805
exc.
for
Operating
Net
i:i
working "plants, has offered minority stockholders one share
Bank of America common stock for each two shares of General
of
Tampa Electric Co.—Earnings—
taxes,
Balance
to
according
Chicago,
in
Mart
metal
Tappan Stove Co., Mansfield, O.—New Financing—
Consolidated
Merchandise
corporation,
shares
$1,149,000 in
Period End. June
discounts, returns, allow¬
ances. etc., for all periods and after deducting-for 1945 only, amount
of
exchange sales of crude oil.'
tAfter
deducting for 1945 only,
amount of exchange purchases of crude oil.
tAfter credit for debt
retirement—$250,000 in 1942, and $150,000 in
1943; and post-war
credit—$715,000 in 1942, $266,200 in 1943, and $227,800 in 1944.
and
^
to be known as
Transamerica Corp.—Makes
There
$3,007,217
288,581
registrar of the new 4Mj%
-
gasoline
the
by
; ■
430,903
456,222
_
.
(James) Talcott, Inc.—Registrar Appointed—
6,744,014
1,742,931
150,000
:"O
.
July 25 announced plans for a downtown Manhattan
'
showed
.
-
Press.
July 30.
$338,709
Earns, per com., share$1.18
♦At the rate of 70%.—V. 161. p. 1811.
ad¬
dividends
deducting
only
grade of
a
In
Net
dividends
After
on
34,500
income
preferred
4V2%
''Fed.
9,057,580
500,000
Center—
building,
Metals
$1,412,412
242,702
charges_i_
normal tax. sur¬
3,757,500
drilling costs
1
building, costing $15,000,000 and featuring an interior high¬
way, 32 feet wide and three-quarters of a mile long.
Paul Tishman.
Vice-President, said the proposed 13-story building
would be second in size among the nation's industrial structures,: ex¬
1942
after
2,735,000
for
1946.
industrial
amort, of in¬
tangible
5%
Profit
281,300
Fed..,taxes
is currently negotiating to purchase several weaving
plants to increase its shipment of merchandise to
for
The company on
.
2,050,200
charge
ditional
sewing
outlets
Tishman Realty & Construction Co.- -To Construct In-
con¬
$530,489
*
•
Sutherland Paper
carry-back
refund' of
Special
Government
1943
taxes,-etc.
1944
income-
on
for
of
1944
earnings
in
,
•
600,000
in
use
and
dustrial
$7,787,132
$2.67
$1,655,115
—
income
tax
profits
which has engaged in all steps of the
synthetic fabrics and consumer products made
enter into the manufacture of flat knit tricot
its sewing plants to develop new lines of fine
During the war, Textron has manufactured—in Addition to con¬
products—parachutes, mountain tents, jungle hammocks and
other textile equipment for the armed forces.—V, 161, p. 2794.
1944
t$ll,672,439
$3.67
taxes
1945
operations
income
Net
17,262,380
surtax
$Fed.
and
Depreciation
16,511,845
750,535
income tax
normal
to
sumer
the first
______
2,842,931
—J.—
plans
products.
retail
The
which might result from renegotiation
♦Includes
61,750
2,673,372
169,559
income
new
woven
any
6 Mos. End. June 30—
Fed.
mills
813
share
6 Mos. End. June 30—
32,780
1,178
income
Total
with
Minority Stock—r
Total
profit
of
The corporation
(Excluding Canadian Affiliate)
462,058
1942_
connection
the company,
said
for
consumer
for all taxes.
tThis figure includes a
of capital assets in the amount of $3,530,142, but
provisions for wartime contingencies or any ad-
sale
on
not
000
Other
fabrics
97,248
169,468
—
investments, etc.cost
of
renegotia¬
Gross
therefrom,
setting aside provision
gain
Other income
(other)
Prov. for possible losses
Net
242,422
576,204
in
securities
provide funds for the acquisition of plant facilities and
working capital sufficient to handle a prospective post-war
considerably greater annual sale.
Little
Mr.
$2,393
1945
charges
common
549,450
of
Interest expense
on
5,118,425
101,791
197,383
other
and
to
manufacture
Superheater Co.—Earnings—
annuities-
is
additional
(& Subs.)—Earnings—
after
per
justments
other
7,236,073
stock
common
This
volume of
six months of the year, company reduced its out¬
standing debentures from $20,000,000 to $10,000,000 and Sun Ship¬
building & Dry Dock Co. reduced its notes payable from $14,000,000
to $6,000,000.—V. 161, p. 1249.
4,495,753
etc.
long-term
property,
'
& aban¬
from
Int.
tional
financing next fall.
ceeded
Co.
income
During
14,529,184
58,845
for
827
$3,892
6 Months Ended June 30—
♦Net
14,564,433
2,526,927
loss
Net
845
exp.
^;
Little,
President, on July 23 announced the company would
ask stockholders at a meeting scheduled tentatively for Aug. 28 to
split the present $1 par common stock 2-for-l and to authorize addi¬
2228.
p.
Earnings
13,513,876
expenses-
Provision
Royal
78
$4,362
accounting and. misc.
Sun
Statement
4,534,165
for doubtful accts.
Prov.
78
Common Stock and Vote
5,000
& Co.
135,463,023 107,208,302
Textron, Inc.—To Split-Up
New Financing—
the Interstate Commerce Center, will
be
started
six
months
after V-J Day, Mr. Tishman
said.
It will
cover four square blocks of about 180,000 square feet, he added.
The interior highway would permit trucks and cars to drive in arid
out of the building as though on a city street to any of the 13 floors
and
and
donments,
5,458
500
;SSS.},
Associated
wells,
lease rentals
exploration
4'/2%
1,535
444
at
$13,411
1,567
8,059
500
E general and refunding mortgage
interest are to be sold at 98.6399 and
on
tracts.
_
Non-productive
1,503
5,858
mtge.
taxes
income
—V. 161,
-.
tCost
Deprec.,
deplet.
amortization
7,397
$12,289
series
to
6,000
Corp.
Sell.,
expenses.
8,543
Interest
396.
p.
5.500
♦After
28,530,012
$20,832
7,796
tax
4,500
1944
$20,807
$20,886
78
1st
on
Salaries,
&
1943
1944
authorized by the Interstate Commerce Com¬
$39,000,000
help finance redemption of $40,956,000 general and
refunding mortgage bonds now outstanding for the company.—V. 162,
its
30
$13,090
estate
does
of goods sold &
operating expenses—'
general & admin.
June
Ended
(estimated)
173,297,053 143,604,726 131,829,054
41,894,669
rents
from
Franchise
Years Ended Dec. 31-
Apr. 30, '45
sales & oper. revs.
Months
expenses
Insurance
2,000
Co..
Weld
Interest
2,500
Barney & Co.
Securities
Six
for
rents
Net
4,000
_
&
Smith,
Union
Operating
21,000
Co.
income
Gross
5,500
________
Webber,
4 Mos. End.
*Net
to
1945
8,000
Curtis
Shields
Results
3.000
The Ohio Co.
5,500
Consolidated
Marks
Co.
Maynard
4,000
4,000
6,000
___
_
Merrill, Turben & Co.
Morgan Stanley & Co.
Paine,
__
Co.
M.
Fenner
8,000
Co. (Inc.)_
-Harris, Hall &
V
2,000
______
5,500
8.000
Securities Corp.„_
Lynch, Pierce,
Mellon
21,000
entitled
is
company
4,000
Laurence
2,000
the
and
year,
which refund has not been
1944 the company paid taxes on the
3,000
Merrill
3,000
2,500
Co.
4,000
McDonald &
2,500
2,500
2,000
1.500
Richard--. & Co.
& Co.
Kidder, Peabotiy & Co
Higginson Corp.
'___
Mackubin, I.egg & Co.
8,000
Field.
Shares
Hutton
E.
Lee
Blyth & Co., Inc.
H. M. Byllesby &CoM Inc.
Coffin & Burr, Inc.
Curtiss. House & Co.
J. M. Dain & Co.
Paul H. Davis & Co
Estabrook & Co.
_____
....
Name-—
Shares
21,000
3,000
at $220,000 by the New Jersey
has been fixed
tion
Ry.- -Refunding Bonds Approved by
The bonds, to bear 37/s%
accrued
consummated as of
30, 1945.
The purchase price for the property was $160,000,
subject to the first mortgage of $66,240, or $93,760 in cash.
After
issue
to
bonds.
securing the second mortgage certificates, has been
^production activities in only a limited way in the States of Illinois,
Indana, Kentucky and Michigan, the production being small in rela¬
tion to the refinery requirements.
With increased financial strength
the
company
in 1942 undertook a greatly expanded program for
increasing its production activities.
Company, intends to continue to
engage in production activities.
Pacific
&
The company has been
mission
June
transportation facilities have been operated at a profit at all
since their acquisition.
Until 1942 the company engaged in
'purchase are as follows:
City, N. J.—Sale Con¬
-
T. Mann, President, on July 16, in a circular letter to the
registered holders of second mortgage 15-year income certificates, said
in part:
"The sale of 40-50 Jones Street, Jersey City, N. J., the property
business as rapidly as its financial position would permit.
the period from 1935 to 1941 an extensive system of crude oil
pipe lines, refined product pipe lines and river barging facilities was
constructed or acquired
by the company and subsidiaries which
resulted in a large degree of integration with respect to transportation.
times
Jersey
Corp.,
Texas
ICC—
Harvey
During
These
House
summated—
the
of
1944, has
terminated.—V. 161, p. 2041.
been
acquiring interests ill the transportation and production ends
by
tion
into early in
entered
agreement,
VT-loan
The
purposes.
along with those of other
industry
lien to'the
503'
v.;
cash,
$86,100;
expenses,
issued,
$6
payable,
common
stock
$41,295,428.—V.
for
etc.,
$279,388;
cumulative
etc.,
due
taxes,
3Va%
($1
p.
due
debentures,
preferred
161,
$347,162;
securities
$232,078;
par),
stock
due
pur¬
for
due
(141,380
$2,429,318;
sur¬
2043.
v;:;:v
:
■
v,'\
*
•
v»
•>
CHRONICLE
THE COMMERCIAL & FINANCIAL
Coal
-..n
Ann
iMO
ooo
i-JQ
1R3 0R5
*11
Ofi1
——L;
Interest
from
Total
coal opers(
other
inc. before
Profit
and
Provis.
"('•depletion
.'
$2,830,279
$2,116,762
695,306
661,101
681.560
•' V-V-fi^
716.445
$2,452,762
337,162
tOther income
27,142
$2,795,915
87,410
$2,299,196
57,147
$1,400,317
48,900
$1,157,000
1,575,000
1,217,000
507,500
$1,025,049
$845,243
.•
charges
47,574
federal and State inc.
taxes
—
contingencies
$1,135,166
19,077
$1,133,505
387,140
384,040
Net
Com.
489,450
477,650
$2.31
$2.10
$1.86
com.
April 30, 1943 includes only four months' opera1943 includes
lour rnonms upei»tlncluded in profit from coal operations
and
other
years.
JAfter deducting reduction of
$105,000 in provision for prior years.
♦Piscal year ended
1 to April 30.
income
in
prior
tion
from Jan.
Consolidated
Balance
Sheets, April
30
1945
1944
$4,194,404
U.
—
bonds
Government
S.
Receivables
.
30,700
1,175,707
936,744
820.830
Investments
805,641
656,327
——~——
8,535,399
8,150,218
284,333
403,057
—
—
'
tPlant and equipment
Prepaid
(insur., royalties and other)
trade-marks, names, etc.——
expenses
Goodwill;
r'lV'-:
1
Securities
-
————
$15,932,230 $12,414,821
Liabilities-
Accounts
payable
$585,817
for taxes on income,
Prov.
$400,848
651,296
541,124
laibilities
Accrued
less U. S. tax notes:
$1,293,375
Truax-Traer Coal Co. 2%% and 3Ya%
1945,
$1,378,500;
4Vi %
Ten-year
Central
1944,
notes—
2,800,000
18~9~818
1st
notes
mtge.
certain
on
equipment
contingencies
Total
140,000
—:
in
tAfter
——
the sale
from
to
are
4,138,538
1,377,273
4,138,538
1,377.273
3,498,527
Dr43,667
Z>r71,732
$15,932,230 $12,414,821
-
United Printers &
Year Ended—
of
The
American
struction
Co. of
estimated
work
B.
the
G.
Can
of
has
for
at
President
of
the
to
the
award
warehouse
new
official
An
and
once
contracts
announced
a
$400,000.
start
Steinetz,
award
Co.
contracts
of
cost
would
in
to
Turner
Tampa, Fla.,
Con¬
at
an
be
Turner
for
concern
two
Production
Board
The
has
work
approved
will
proceed
the
at
project
once.—V.
and
new
granted
161,
Net
——
Common
of
interest
able upon presentation
Trust Co., trustee. 100
and
3&,
surrender of
such
at the New
coupon
Broadway, New York, N. Y.—V. 160,
pay¬
York
572.
p.
taxes
in
♦Includes
New
Textor,
York,
Vice-President
has
been
Corp.
Realization
and
elected
Ulen
of
the
to
Marine
board
Management
Union Carbide & Carbon
of
Income
amort,
Income
and
Net
debt
and
excess
Earnings
161,
$2,200,000
Air
1944
1943
163,237
8,390,814
soon
improvement
of
23,039.374
$9,122,837
$9,696,633
$0.98
$1,05
wartime conditions
as
will
by W. A. Patterson, President.
He
said
an-hour
that United
Douglas
planes
at
cost
a
the company
expects to
additional twin-engined
of
spend
planes
various
buildings
He
ground
added
that
United
sales
the
after
sales
has
on
hand
from
1945—3 Mos.—1944
store
and
840,005
operations-
122,212
106.543
operationsN
on
inc.
Fed.
Wartime
taxes
and
(est.)—
Divs.
on
from opers.
$5 pfd. stock-
Divs.
on
prior
—V.
1,492,661
238,432
211,323
$733,462
13,430
$746,892
$1,351,591
pfd.
stk.
28,564
46,215
57,157
282,000
557,000
515,000
324,000
161, p. 2263.
for
an
excess
$10
1943
r
1942
$7,912,612
3,286,940
$6,493,777
2,443,128
731,080
736,717
962,315
735,023
47,552,890
18,808,609
46,426,180
19,823,304
34,309,156
12,20i,78i
4,571,404
5,885,763
4,324,085
»
Productions, Inc.—Plans Recapitalization
$1,424,765
to
890,049
1,132,987
"(a) To
1,075,986
from
255,815
84,916
91,245
'V-fj
1
1
;
shares
To
increase
to
1,000,000
the
stock
common
shares;
authorized
number
of
directors
from
six
to
seven
19,838
136,437
stock,
common
respects:
authorized number of shares of
increase the
600,000
"(b)
35,014
182,021
exchange two shares of the company's
$10 principal amount of the
company's debentures, for each
share of preferred stock in accordance
with the plan of recapitalization,
will be made at a later date.
Meantime, as the first step in this plan,
the
directors have proposed
that
the
articles
of
incorporation be
amended in the
following
$1,152,770
1,455,686
1,060,376
989,716
253,680
W
stockholder,
per
plus
"(c) To
permit
the
issuance
of
$2,500,000 principal amount cf
debentures, of which $1,550,000 principal amount
(the 47* debentures,
A, due July 1, 1960, above referred
to) will be offered to the
(preferred stockholders pursuant to the plan of recapitalization, the
$4,653,706
$256,320
and
balance
income
and
§1,139,100
other
taxes
495,301
($1
par)
349,665
334,344
334.344
li 163,682
1
287,971
287,971
1,935,421
1,519,724
$5,587,597
$4,653,706
"(f)
celled
——
deducting
$141,468
of
in
in
of
in
for doubtful receivables of $181,335
tAfter deducting reserve for
reserve
1944.
$1,129,799
§After
$1,600,900.
1944.—V.
in
1944.
tAfter
in
To
to
of
long
F.
161,
Mntthai
it
161, p. 248.
has
been
elected
an
United
States
Life
Insurance
Executive
Co.—Opens
of
the company
corporation
at Baltimore.—V.
has
stock
control
of
the
Siuslaw
build
a
has
a
Total
oper. rev.
49,803
Net
there
increase
to
plant.—V.
162,
p.
the
54;
Plywood
supply available
161, p. 2598.
22
V.
150,000
100,000
250,000
$286,328
$648,376
$508,984
43,139
22,576
84,621
46,614
oper.
Gross
Total
1945—Month—1944
Net
no
4
735,834
will
rv
a
n
rnn
a
nnn
e 1 o
f
a
r* r-
a
$278,149
$3,903,706
241
(neti
1,395
10,989
-
on
by the company and
preferred stock sinking
of
preferred
stock
accompanying the call
on
balance sheet
the
total
Sept. 30,
of
the
for
can¬
fund
stockholders to pro¬
are
the
of
directors
so
outstanding."
Disney meeting,
company
as
of June 30,
surplus account to be $754,540,
1944.—V. 162, p. 396.
as
$279,544
—
income
161,569
$3,914,695
2,066,938
$117,975
$1,847,757
1,704,761
1,704,761
54.
*$24,088
$142,996
$493,779
to
directly by the company.
Pro¬
refund existing bonds.—V. 162,
Co.—Earnings;—
1945
1944
"
'
1942
1943
—$54,186,290 $38,358,629 $74,871,331 $49,321,329
270,902
taxes
205,407
173,049
220,660
$50,242
per share,.
$2.46
$32,358
-
-j
$1.55
342,335
292,610
427,165
340,694
•(,
$86 471
;
-
$4.15
$49,725
$2.33
Condensed Balance Sheet, June
30, 1045
$2,198,540
142.063
*$7,707
p.
sold
used
income
Earned
$5,177,045
179,327
142,063
Balance
was
be
made
12,425
$134,356
applic. to pfd.
stocks
182,
shares
the
'
Expenses and
$5,164,620
$313,683
deducts.—
♦Deficit.—V.
that
«
Assets
Cash, $179,441; Inventory (at market), $3,363,696; accrued
receivable, $33,034; bid deposits, $23,500; due from customers
(secured), $87,896; fixed assets (net after depreciation), $1,435; pre¬
paid expenses, $12,787; total, $3,701,790.
Interest
2,978,505
*
,
'
46,614
data
6 Mos. End. June 30—
Gross
$1,224,747 $13,731,219 $18,018,790
946,598
9,827,513
122,670
•
acquired
value
on Aug. 20, next, $2,920,000
due 1964, at 105 and interest.
Payment
at the City Bank Farmers Trust Co.,
corporate trustee,
William St., New York, N.
Y.—V. 162, p. 290.
be
(Sales
1945—12 Mos.—1944
$313,442
revs
income
Dividends
169,241
nnr
deducts.
income
income
more
$256,227
Weeden &
i
(& Sub.)- -Earnings—
$1,049,276
revs.—
income
stock
par
company has called for
redemption
first mortgage 3V*% bonds
of
sawmill at Mauleton, and U. S.
mill
plywood
Utah Power & Light Co.
*
to
Washington Water Power Co.—Partial
Redemption—
The
will
veneer
Seattle, Wash.,
oner,
*
subject
placed privately with certain institutions
for investment.
A total of $12,930,000
placed by The First Boston
Corp. while the remain-
290.
p.
Forest
/
to
sale
holdeis;
been
ceeds
Corp.—Further Expansion—
purchased
Tne Siuslaw company
its
to
$925,000
161, p. 2667.
Co., Mapleton, Ore., which owns about 300 million feet of
standing timber, mainly fir, and has options on substantial additional
to
its
at
(unaudited), shows
was
Products
tracts.
future
debenture
purchasing them
United States Plywood
This
for
the
fund
board
or
disclosed
have
Baltimore
Freeman. President, on July 13 announced the company's
the State of Maryland and the establishment of a branch
into
of
The
Mansfield
office
reserved
sinking
Washington Gas Light Co.—Bonds Placed
Privately—
First Boston Corp. announced
July 26 that $13,855,000 refunding
mortgage bonds, 3ys% series due 1970,
Vice-President.
Branch Office—
entry
preferred
credited
the financial
is
1945
2794.
p.
be
benefit
fixed
and
10,000
as
In
deducting cash payment and U. S. Treasury
([After deducting cash in
sinking fund of
United States Fidelity & Guaranty Co.—Exec. V.-P.—
Josenh
to
the
the
vide
compared
—V.
for
"(g) To change the
voting rights of preferred
that they may elect one
member of the
1945
Net
83,699
permit
be
obligations,
deducting tax notes
depreciation
1945 and
$650,000.
notes
—
debentures
intended
eliminate
payments required after
April 1, 1945, for the retirement of the
prefererd stock;
"(ei To substitute for the
present earnings sinking fund of tho
preferred stock, a
requirement that
commencing Feb. 1, 1947, the
company set aside each year for
preferred stock retirement, 10% of
the net
earnings after deduction of
sinking fund requirements of the
debentures;
(::>.•
1,000,000
1950
surplus
$1,210,643
the
"(d) To
$742,000
1,000,000
6'*, maturing Feb. 1,
preference stock ($10 par)
stock
of
restrictions
_
$1,281,338
$357,585
11,274
•
$1,056,000
surplus
♦After
Other
;
1944
$7,853,304
3,021,652
(However, in May, 1945, Atlas Corp., a
purchased from the company for invest¬
share, 25,000 shares of the common stock and took
option on 25,000 additional shares exercisable at $12.50
per share
or before Dec.
31, 1949.
$1,331,141
$1,267,892
100,000
prof,
on
Total
post-war
contingencies
Net
1,506,324
$803,703
22,118
long-term debt-
will
indenture in which Bank of America National Trust &
Savings
will be named as trustee.
an
1944
$245,460
Total
Sub.)—Earns.
1945—6 Mos.—1944
$699,917
income
York
connection with this proposal, Walter E.
Disney, President, stated:
"No members of the
Disney family have sold or propose to sell any
of their common stock.
Since the common stock is
closely held, it
has no quoted market value.
He
103,785
agency
New
Association
200,000
$5,587,597
Period End. June 30—
charges
Int.
$25,000,000.
and
Other income less other
of
of
preferred
.•
expenses
intends
822,129
of
under
;
taxes
Capital
July 24
$15,992,773 $16,037,313
$31,074,184 $31,017,267
operations
Profit from store
Total
on
four-engined, 300-mile-
(&
Co.
common
at
;
Earned
as
excise
Deprec. and amort, ap¬
plicable to store and
agency
announced
ground,
approximately $20,000,000
deduct¬
and
v_
agency
the
facilities.
company
&
to
amount
ment
payable
$275,018
$7,000,000 or $8,000,000
supplement its present fleet of
Cigar-Whelan Stores Corp.
taxes
Profit
on
approximately
company will offer
currency, or 55 cents in
exchange each share of preferred stock for $10 prin¬
4% aebenluies, series A, due July 1,
1960, and two
stock.
The debentures will be unsecured
obligations
the company, with a fixed
maturity and fixed interest rate issued
cipal
Feb. 28, '45 Feb. 29, '44
Liabilities—
ready for such expenditures.—V.
162, p. 396.
Period End. June 30—
ing
50
Burnside
220,000
$90,000
The
396.
p.
stockholders
on
$10,000,000 for the
development, purchase and adaptation
technological devices, born of the
war, and $10,000,000 for
and other
of free cash
Net
was
E.
registration for
hopes to raise
it
49,912,201
19,478,125
4,955,754
—
income—
large
;"v
Total
another
to
Mainliners;
of
it
already has ordered
said
on
permit,
and
a
special meeting of stockholders will be held on
Aug. 23 to pass
proposals to amend the articles of incorporation,
according to an
announcement by the company on
July 23.
This is the first step in a
plan of recapitalization which will involve an offer to all
preferred
on
trademarks and copyrights
SEC
which
$8,171,519
2,965,282
railway
oper.
162,
$1.00
Post-war refund of excess profits taxes
Deferred charges ———I
tax
approximately $52,000,000
aloft
ry.
railway
50,152
—
23.066,208
facilities,
from
$1.05
in
the
with
1945
100,303
8.687,102
spend
with
stock
from
Walt Disney
$536,597
s
250,000
property, land, buildings, and equipment
Paintings, plates, designs, stock copy, etc.
Investment in wholly-owned subsidiaries
Common
$40,704,739 $41,613,181
$1.08
Lines is prepared to
and
and
Gold debentures,
United Air Lines, Inc.—To
Expand Facilities—
United
$553,284
-
tpiant
held
expansion
25
RR.—Earnings—
$1.20
share
taxes
In
and notes receivable
Accrued
cos.)
151,715
share:
common
July
capital
A
44,424
515,447
66,869
;——
Accounts
2043.
p.
income
emergency
upon
$1,096,468
37,879
*1,380,000
150,000
♦Accounts
of
$10,009,480
per
$1,971,162
*2,585,000
Inventories
Ulen
8,088,670
24,789,767
charges
profits taxes—
income
—V.
Co.
of
2297.
134,431
other
filed
par)
"The offer
Cumulative
543,022,348
funded
on
Deprec.,
p.
Corp.—Earnings—
1945
$3,405,744
as
From Jan. 1—
Comparative Condensed Balance Sheet
Federal
Quarters Ended June 30—
Interest
Trust
directors
158,
(Incl. wholly owned U. S. and Canadian
$5,351,721
Federal
and
series
Midland
Co.—V.
in
from
Gross
54,369
,
$3,776,484
439,200
.
1945,
$4,586,533
1.180,793
surplus.——
stock
common
railway
railway
Net ry. oper. income—.
150,000
;
common
229,063
$6,785,289
1,433,567
•';!(((('('
Net
profits tax (after post-war refund).
Goodwill,
Ulen Realization Corp.—New Director—
C.
(
$602,284
per
Assets—
to be paid to the holders of
20-year general
mortgage income bonds outstanding, on account of the
coupon which
matures Sept. 1, 1945, has been fixed
by the corporation at
George
$1,914,770
;i 56,392
dividends.
Earnings
for
Wabash
2,488,418
—■
excess
dividends
797,315
$369,672
June—
$1,042,098
;
and
Cash
rate
2,812,824
69,614
AA-3
an
Tyler Building: Corp., N. Y. City—Interest
Payment—
The
3,262,447
income
Preferred
1812.
p.
income
44,250
$499,630
requirements
exploration in a gold field.
at 60»/2 cents a share in Canadian
stock
Gross
3,740,566
$3,706,870
prof,
Provision for contingencies
of
the Turner company said
completed by next January.
Congoleum-Nairn, Inc., has announced
would
the
$7,271,082
4,660,401
sales
Gross income
97,512
'
United States currency.
Willie
the principal underwriter.
Feb. 28,'43
$9,387,995
1-913,245
from
——
($1
shares of
Fed.
buildings,
a "stove" building and an
"examining" building, at its Kearny, N. J.,
plant.
The cost of the buildings with the machinery and equipment
which
they will house is estimated to exceed $2,000,000.
The War
priority.
Feb. 29,'44
5.189,309
Income charges
Turner Construction Co.—New Contracts—
$4,357,475
emergency
allowable
Net from
$12,158,625
Selling, general and admin, exps
by 378 preferred Shares and 427 comiaon
of $7,668,599 in 1945.—V. 161, p. 2376.
$5,987,974
inc.
preliminary
Net
1945
reserves
shares
for
; ('(
Feb. 28,'45
sales—
Net profit on
Other income
Fed.
Virginia Red Lake Mines, Ltd.—Registers With
SEC—
Publishers, Inc.—Annual Report—
,
Net sales
Cost
177,210
$325,422
———
Company
—V.
■
$6,270,720
97,749
357,134
be
.rV
161, p. 2598.
$6,172,971
resulting from amortization
of
facilities under the Internal
Revenue
Code, which facilities are expected to be
employed throughout
their
normal life and not to
replace existing facilities,—V.
162, p. 54.
part of the general funds of U. G. I.—
a
2,803.184
$9,015,823
Dr52,522
$402,118
pay
become
152,220
6,953,047
$8,963,301
2,975,326
amortiz—
♦Reduction
carrying value of its $2,212,407 investment in Nashville and the
proposed sale price of $1,100,000 to an existing reserve on U. G. I.'s
books for possible losses on investmests.
The proceeds to be derived
90~000
378,900
4,227,476
—
*
♦Represented
and
$502,632
dividend
facilities
the
1,500,000
366,900
Employees' retirement fund reserve
Cumul. preferred stock, par $100 per share—
Common stock (no par), issued 489,877 sharesCapital surplus
Earned surplus
Treasury stock, at cost—
shares,
declare
$759,252
in
Balance
150,000
a.
—
will
17,402
resulting
Preferred
to U. G. I. a cash dividend in an
amount equal to the net earnings available for the Nashville stock
for -the period from Jan. 1,
1945, to the last day of the month
preceding the closing date of the proposed sale.
U. G. I. proposes to write off the difference of $1,112,407 between
V.
1.500,000
for
Reserve
371,525
notes
Co.
Barge
38,597
-
Nashville
$485,229
Balance
Nashville.
in
693,168
Dr5,163
of
2.592,299
2.727,278
8,988,721
3,797,604
264,794
$764,415
facilities
and
its interest
34,844
683,682
•
(net)——
and
amort,
3,565,874
3,450,582
229,669
57,764
461,390
267,112
taxes-
income
taxes
>
,
233.436
revenues..
•Reduction
Exchange Commission recently approved the
proposal of the company to sell its entire investment in Nashville
Gas & Heating Co. consisting of 20,000 shares of common stock (par
$100 > to Tennessee Natural Gas Lines,
Inc., for a base price of
$1,100,000; The Commission some time ago ordered U. G. I. to divest
The
itself of
Total
Net
United Gas Improvement Co.—Sale of Nashville Gas—
1,162,601
i—,«——
(less reserves)————————
Inventories (at cost)—
Interest
1813.
p.
Co.—Earnings-
———-—
Balance
was
$1,191,088
Assets—
Cash
oper.
in stock
investments
*
taxes
Net
161,
of
Other income
2153.
p.
27312
———
income
Other
Co. and $909,930 in cash.
;
.
, i
of corporations had an indicated market
value at June 30, 1945, of $99,155,410 based upon last quotations at the
close of business on June 30, 1945, on the New York Stock Exchange,
the New York Curb Exchange and the Philadelphia Stock Exchange
as compared with the book amount of such
investments of $103,244,584
at that date, indicating
a
net unrealized depreciation of $4,089,174.
If the Delaware Exchange Plan had been given effect to in the June
30,
1945, accounts,
the aggregate indicated market value at June
30, 1945, would have been $92,596,310 as compared with the book
amount
of $98,662,446,
and the net unrealized depreciation
would
be increased to $6,066,136.—V. 162, p. 290.
440^851
$2.28
exchange
Delaware Power & Light
$642,844
share.
per
24,762
330,638
$729,106
480,250
$728,949
outstanding-
shs.
Earns,
'
Total
surplus—
Balance to
22,165
360,040
20,359
„
,
offer of
The
1945.
9,
June
on
Corp., above.—V.
plant
adjustments-
acquis.
Federal
oversubscribed
on July
3, 1945, which date had been stated in the plan as closing
the initial period prior to which no allotments could be made, resulting
in the exchange of 151,655 outstanding
shares of the corporation's
$3 cumulative preference stock for 303,310 shares of common stock of
mission
150,000
profit
; Pfd. div. requirementsCommon divs. paid
for
Prov.
been
occu
has
nas
—
Depreciation ————
Amortization
161,
Co.—Proposed Merger-
1945—Month—1944
;
1945—12 Mos
10,,
$3,226,500
$3,143,133 $48,174,483
$34^74 3,.
1,211,222
1,192,589
18,662,707
13
>
13,273,346
231,160
247,324
revenues-—
Maintenance
$1,195,879
$727,881
stock
common
61.268
$2,491,066
Total Income
Interest
5,991
_—..
Operating
Operation
*76,400
>
adjusted to eliminate the dividend of
the shares of Philadelphia Electric Co.
preference stockholders under plan of
Dec. 5, 1944, and the Federal income tax applicable to such dividend.
A plan for the exchange of 151,655 shares of $3 cumulative prefer¬
ence
stock and accrued dividends for shares of Delaware Power &
Light Co. and cash (referred to in the other notes as Delaware
Exchange Plan) was approved by the Securities and Exchange Com¬
*89.209
Detrola
Period End. May 31—
—
Corp., above,—V.
Virginia Electric & Power
received in 1944 on
distributed to
$605,622
$1,400,317
$2,148,719
311.625
8,931
46,400
—
—
income
1944
♦The
$2,152,299
river transp.-
fr.
for
income
Net
•'
other income-
and
——
than income taxes-.—-——n—
Federal income tax (no provision
other
$1,357,927
76,985
8,663
$850,731
<>. 67,519
1945
Corp.—Proposed Merger
Detrola
Utah Radio Products
23,600
———
—
required'for excess profits taxes)
Profit from coal oper.
Profit
International
$1,357,927
———
—
———
expenses
Provision
$3,113,863
———
:
income
Taxes,
$2,847,605
and depl._—
for deprec. and
deprec.
*1944
Cooler
see International
$8,985,457
Current
v
—
4,744.480
5,241,027
5,344,657
5,280.840
(in tons)
product,
1942
1943
1944
1945
April 30—
Income—dividends
See
1945
$827,131
3 Mos. End. June 30—
Consolidated Income Account
Pise. Yrs. End.
Universal
United Corp.—Earnings—
Truax-Traer Coal Co.—Annual Report—
Monday, July 30,
Liabilities—Notes
payable
and
(unsecured),
drafts
$143,432;
payable (secured), $2 518,500; loans
employees' war bond fund, $940; re-
f/X °ri^a3les'/ln^'nn5' l?ccrued expenses, bonus and
:otPal $3(of 790-V16l peS2378°
reserves,
$57,574;
surplus, $321,2691
THE COMMERCIAL & FINANCIAL CHRONICLE
Juice Co.—Shares in Deal—
Welch Grape
reports state that a block of stock In the company held by
interests was acquired recently through Lehman Brothers'
by interests representd by J. M. Kaplan, head of the National Grape
Corp.
The Welch company recently announced that its plants at
Westfield and Silver Creek, New York, and in northeast Pennsyl¬
vania, would be operated soon in conjunction with the National Grape *
Co-operative Association.—V. 160, p. 2584.
,
Press
Co., Inc.,
Tennessee
common
J
.
Operating indome before Federal
•Federal taxes
Operating income
_
non-operating
Total
Gross
___
take? on income
r__*
'
■
If
the
bonds
new
the
over
sold
are
of
life
at
98 V2,
issue
the
will
the
be
"
application says, the
$2,390,000.
If sold at
Electric
'
■■•'•v
•
Administrative
Federal
Normal
Excess
$5,101,175
1,004,294
home
mixers
$6,105,469
deducting credit of $1,161,634 resulting from refinancing.
tReduction in Federal taxes on income due to amortization of
the
largest
estimated
iy45
1944
$1,635,247
Cr 19,801
Crl8,333
87,401
117,274
183,337
73,759
taxes
amortization
•Special
and
Interest
$565,781
other
income
Net
"Equivalent
to
profits
excess
estimated
taxes.—V.
reduction
161,
p.
of
1945
$292,764
Federal
income
revenues
$2,810,507
Operating
expenses
2,044,743
revenue
$765,764
line
365,000
554,000
3,670,000
3,771,000
Operating income
Equipment rents
$400,764
$465,193
$3,466,106
Taxes
Jt.
stock,
Net
$7,237,106
w
Cr90,515
Cr47,668
$2,925,371
Cr433,691
rents
(net)__
Drl4,187
DT 19,070
J5r87,578
oper.
ry.
income-
$477,092
$493,791
$3,271,484
$3,624,044
182,394
income
V
32,461
29,561
:
.
Cr251,023
Fixed
income
charges
Net
,
_.
income
$509,553
267,616
$3,453,878'
$523,352
,
$254,804
$1,834,327
acct.
defense
*—V.„ 162,
amort,
$85,243
$85,294
stock
of
1,619,321
$2,164,425
$511,458
$6,755,532
income
Taxes
maint
——-•
Net
2,467,975
_______
Interest
Reserve
for
$1,704,036
$3,320,467
272,689
544,504
June
r—
■'
—
■
$1,445,082
1813.
Income
Net
Total
$1,431,347
''
/;% —i
—V.
at
its
Each
orders
include
Both
on
both
on
are
Classes
of
Grocery
Co.,
corporations
Inc.,
which
of
Miami,
Fla.,
food
operated
162,
p.
This
$2,775,963
orders
In
_
and
ing,
_
__
finished
the
tabulation gives shipments by subsidiaries of
United States Steel Corp. monthly from the beginning of 1940 (fig¬
ures in net
tons):
following
January
February
March
April
May
:
;
1,602,883
.
November
December
.
:
:
-.
r*: S
1942 V
1943
1,691,592
1,772,397
1,756,797
1,776,934
1,737,769
1,754,525
1941
1940
:
v
.
1.738.893
1,616,587
1,682,454
1,548,451
1,145,592
1,009,256
1,780,938
1,685,993
1,755,772
1,874,795 "
July
August —i'+vO'
September
October
;
1,730,787-
1,569,115
1,562,488
1,869,642
1,722,845
1,797,987
;
June
:::
:
1,720,366
$31,290
family of
average
The Board's index stood at
since
"There
106.2
—V.
by mos.
Yearly, adjust.,-. "
,
.
•98,609 j
-
1,296,887
1,455,604
Housing
1,664,227
1,851,279
1,624,186
1,846,036
1,392,838
Clothing
21,064,157 ,20,458,937
*449,020
*42,333
*97,214
■
•
21,052,179
20,147,616
-
14,976,110
rose
20,615,137
20,416,604; 15,013,749
ject to adjustment reilecting annual tonnage reconciliations
sub¬
with that
Living costs in May
economically
and
"is
Just
stock salesman
only. Every
the band that is now
allotted
be obsolete
very
will
in
The
Anybody
should know
that
is
not
that
only
A
it
year ago
was
Japan Cancels Axis Pacts
Japanese broadcasts report that
the
Japanese
It
the
was
the
highest
Housing costs
were 1.5%
re¬
higher thaii
a
-—a-
112.7
91.0
———
:
der
_________
and light———...
Electricity
______,
.
Weighted average, -all items—.—i
Purchasing value of dollar—:
May 15," 1945.
v.
food
,+1.0
91.0
0
94,9
94.8
price
other
Axis
treaty, because of the surren¬
of
Germany and Italy, the
Press
stated
from
Wash¬
ington, May
+ 0.1
85.5
+ 0.1
96.0
66.9
94.5
66.9
115.5
115.3
.106.2
105.8
94.2
94.5
?•
indexes of
fIncludes fuel
as
well
.
The
as
+ 0.2
0
e
'
Conference Board, for April
electricity and gas. '"
world,
except Russia,
about
are united to
her
-
+ 0.2
+0.4
—0.3
to
care
avoid
break in that quarter.
Germany
an
'„v-
1945
oper*
1
of the treaties with
and
Italy,
and
with
smaller
European nations once in
the Axis
orbit, followed by a weefc
a
denunciation, by Foreign Min%
ister Shigenori
Togo of German
peace feelers as a
flagrant viola¬
of
the
Axis
tripartite
pact.
Today's action was taken after '
Togo gave the cabinet a full re¬
fighting, and proposed to continue
war against
Russia, with whom
the
16,
bring
downfall; since Mos¬
denounced the
Russian-Jap¬
anese
neutrality pact, Japan has
cow
Togo was particularly incensed
because Germany did not
inform
Japan of her intentions, and be¬
cause
Germany proposed peace
with the United
States and Great
Britain, whom. Japan still was
>0
94.5
>
intention to prosecute the war.
All
the powerful nations of
the
port.
+ 0.1
104.0
—__——-—__
on
April 1945 to May, 1945
111.6
104.1
r-
;
.
.
the
including its anti-Comin¬
United
tion
April 1945
96.2
—
———————
fFuel
Gas
Per Cent of
Increase (+ ) or
Decrease (•—) from
[ 85.6
—:
Women's
tern
with
Abrogation
April, 1945, and May,
*;
—
■
cabinet-has voted
to
cancel
all
its
unanimously
agreements
95.6 cents."
.-./-May 1945
;'Y Y
•Food
Men's
.
290.
p.
0.4% from April to
month,
Living, 1923=100
;
shortly.
for
reason
set
of the dollar, in terms of 1923 goods, was
power
37,639
monthly shipments as currently reported during the year, 1945, are
and,
907,904
Sundries
Total
1925,
1,084,057
>1,425,352
1,544,623
a
15, adding that this
action left no doubt as to
Japan's
1,209,684
20,244,830
21,150,788
•
162,
:
1,666,667
1,753,665
1,849,635
television
wage earners and lower-
Indexes of the Cost of
1,668,637
1,719,624
a
(1923=100), 23.5% above that
1945, with percentage changes:
1,765,749
1,665,545
was
going.
So anybody who
for the 50 megacycle band
is making a
tempo¬
something that will be obsolete shortly."
w
:1. commanuer Mcuonaxd revcaleu that Zenith
will, in the future, manu¬
facture many components
that were formerly
purchased from subsuppliers.
Included in the new
manufacturing program will be record
changers and many other parts that go into the
making of a radio.
buys
of the cost of living by main components in
1,572,408
property adjoining
for the
assignment.
The following table gives details of The Conference Board's index
1,774,068
1,660,594
temporary
a
increases of 1.0% in the cost of food, 0.1% in cloth¬
94.2 cents in May.
1,660,762
1,703,570
1,787,501
manufacturing build¬
unsound
use
function
exerted
"Purchasing
1,552,663
1,788,650
to
year ago.
*
Total
were
mained unchanged.
1,687,674
1,745,295
1,704,289
still
general
sold
The announcement further said:
1,834,127
1,794,968
is
for
is
January, 1921.
1.758.894
1,664,577
new
television set for the 50 megacycle band
a
only
January, 1941, base month of the Little Steel formula.
1,630,828
1,743,485
1,733,602
1,774,969
1,743,753
1,767,600
said,
that
powers
1,706,543
>
a
on Zenith
if there is interference down there
it will affect television
mote
than it would FM, but also there isn't room
in the 50
megacycle band
to accommodate television after it once
gets
29,686
$' 931,905
;
of
plant,
that
$60,976
Corp.—Weekly Output—
.
1944
he
corner
set
May, according to the National Industrial Conference Board.
.
1945
new power
the 50 megacycle band
buys
is
ing, 0.2% in sundries, and 0.2% in fuel and light.
■
the
who
net
The i
re¬
making
Television,
around
highest since November,
Deliveries for the six months ended with June reached 10,124,959
net tons, compared with 10,632,854 net tons in the same
period of
last year, a decrease of 507,895 net tons.
were
same
12,900
salaried clerical workers in the United States
net tons in the corresponding quarter in 1944.
officers
rary investment in
Living costs for the
tons, against 5,001,245 net tons in the first three months, and
present
materials."
down 134,887 net tons.
For the 26 working days in June,
1945, the average per day was
61,649 net tons, compared with 66,592 net tons daily for 27 days in
May, and with 66,837 tons for 26 working days in June of last year.
In the second
quarter of this year shipments totaled 5,123,714
5,271,500
approved the building
Living Costs in the U. S. Hose 0.4% in
of
all
type of material that it would be making in peace time.
He
said that design work on
a
completely new line of radios had been
completed, and that the company could be in production on
civilian
goods "within 60 days from the day we get the release
and have
ended July 21, 1945,
10,287,000 kwh.
for the
corresponding week last year, an increase of 2.9%.—V. 162, p. 396.
products by subsidiaries of the
United States Steel
Corp. in June amounted to 1,602,882 net tons, a
decrease of 1,797,987 net tons.
The decline was attributed mainly
to
work-stoppages and strikes in June.
As compared with June,
1944, when deliveries were 1,737,769 net tons, last month's total was
that followed,
Commander McDonald told the stockholders
that reconversion
very simple problem for Zenith because the
company is now
161, p. 2378.
steel
profits
new
warehouse, and
21,700
29,964
two
directors
new
to it in
.-
$83,799
_
$3.96
excess
$57,000,000—Two
the present plants.
television
23,400
_
directors meeting
and
7,580
21,171
—
and
with a backlog: of $73,000,000 in unfinished
gov¬
contracts for highly essential military
equipment, nas received
dealers totaling $57,000,000 for civilian
radios to be de¬
29,190
$53,835
_
deductions
$5:47
Income
,
corporation,
the
The
stores
1944
_
266,060
from
29,388
_
Federal
$1,388,877
271,048
offices were created:
Harry Tullo, Director of
Purchases, was elected Vice-President in charge of
purchasing, and
Sam Kaplan, Credit
Manager and Assistant Treasurer, was elected
Assistant Vice-President.
83,594
taxes, State and Federal
$6.79
charges, including
161, p. 2667.
1942
$1,814,887
as
soon
as
possible after reconversion, the stockholders were
on July 24 at their annual
meeting by Commander E. F. McDonald,
President.
elected
$215,940
__
$4.10
share-
com.
1943
$2,229,265
280,082
all
livered
Electric output of this corporation for the week
totaled
10,589,000 kwh., as compared with
$2,591,734
1,303,281
$8,427,357
1944
$1,466,995
280,082
outstdg
per
ernment
Jr.,
1945
_
income
shrs.
Officials Receive Promotions—
396.
..
.
1945
income
5,727
_
__
1,633,778
Zenith Radio Corp.—Has Unfilled War Orders of
$73,000,000 and Post-War Orders Totaling
Stock
told
general management.—V.
..
137,543
small
available.
operates
_
600,000
2154
p.
•After
hand.
and
now
large
facilities
_____
earnings
1
150,000
600,000
137,543
'
.
$7,419,200
161,
Com.
Stores,
_
203,746
240,000
.
Worthington Pump & Machinery
Corp.—Earnings—
against
Springfield,
priority
to
taxes
Finished Steel Shipments hi Subsidiaries of
United States Steel Corporation Lower in
of
-V.
55.
same
_
(net)
surplus
increased
$243,789
_
estimated
6 Mos. End. June 30—
filling
Wisconsin Public Service
150,000
^
Shipments
30
545,222
conting—
p.
the
$2,500,000
2,608,392
1,128,141
$505,243,144, accord¬
$547,442,497
earnings
General
$3,286,956
272,039
Balance
161,
to
manufacturing
25c
affiliated
Depreciation
Net
$1,717,122
expense-
-V.
under
income,
on
Earned
Austin
Maintenance
$6,568,240 $13,387,364 $12,857,009
2,792,140
5,807,699
5,799,414
2,072,063
4,259,196
3,770,638
2,602,398
Income
oper.
to
Wholesale
five
$2,500,000
2,104,133
accruals
surplus
it
$6,787,497
taxes
and
for post-war reconversion
stock (par $2)
state.
Operations
$6,544,382 $13,322,821 $12,811,354
23,858
64,542
45,655
.31,965
Total
&
of
$8,427,357
;}
payable
Loan_
Capital
Wisconsin Hydro Electric Co.-—Earnings—
$511,769
1945—12 Mos.—1944
:
Federal
Davis, of Miami, Fla., becomes President of the Steiden
group,
replacing William Steiden, who will continue to act in an
advisory capacity.
The Steiden Stores will retain * their identity and
Subs.)—Earnings—
1945—6 Mos.—1944
revenues
exp.
to
Quarters Ended June 30—
Period End. June 30—
Oper.
Economy
stock
Gross
Other
amounted
be extended
which
Steiden
8,122
$7,419,200
Reserve
par
company,
that
M.
55.
Western Massachusetts Cos. (&
Operating
ended
amounted
of
projects
p.
of
95,086
18,946
Capital
on
acquired
operate
•Incl.
will
1
41,831
•
(Including Domestic Subsidiaries)
additional
as
$12.50
This
in
$3,783,746
268,548 t 1,619,551
$241,937
soon
180,000
Sheet
..'..V).
payable—"V"
Accounts
118 stores in Georgia and Florida,
Inc., a Louisville-owned chain grocery
system with 31 stores in Kentucky.
v In January the company announced acquisition of all
outstanding
.
has
the
Gross
Notes
Winn & Lovett Grocery Co.—Further Expansion—
159,702
•
months
producing
now
each quarter.—V.rl62, p.
Dr93,085
facil.
Other
$6,595,371
ultimately
as
Balance
Total
July 25 declared a dividend of 25 cents on the common
value, and 25 cents on the preferred stock, $12.50
par value, both payable Aug. 31 to holders of record Aug. 7. • This is
equivalent to $1 per share on the old stocks which were recently
split-up on a four-for-one basis and which had received $1 per share
$3,001,785 $18,766,516 $18,764,863
1,982,592
12,171,145
11,527,757
$1,019,193
six
30
directed
be
$510,497
payable—60c per share
or
•>
earlier.
is
94,680
1,654,520
Crl65,470
...
.
,<
taxes.—V.
will
Directors
5
oper.
corporation
profits tax
excess
Liabilities—
the
June
on
year
Distributions
1945—6 Mos.—1944
Operating
of
and
plant
Earns,
Western Maryland Ry. Co.—June Earnings—
Net
a
surtax
1
production
and
The
-
and
charges
Mass., plant
two new models of electric refrigerators for commercial
use, the lirst
to be produced since the beginning of the war.
Although restrictions on sale have been lifted by WPB, initial
2044.
1945—Month—1944
refund
assets
•Net
The
sizes
Period End. June 30—
tools
Mansfield
Producing Refrigerators—
291,354
deductions.
tax
Total
during
orders
$767,125,246
$584,118:
.285,772
_j_—_——
received
Unfilled
45,607
$280,009
income
machine
the
additions
13% over the like 1944 period and
ing to A. W. Robertson, Chairman.
$538,511
38,619
income
Gross
Orders
88,574
$527,162
Other
for
for
Orders Up 13%—
180,326
47,911
—
income
Federal
87,864
120,577
——-—
depreciation.
for
taxes
be
Plant
'
Maintenance
will
$3,100,000
at
will add 270,000 square feet of floor space.
rearrangements—including the cost of machine tools, con¬
veyers, test stands, jigs and fixtures, will be $1,300,000 at Mansfield
and $1,000,000 at Springfield.
578,635
Operation
factory
$1,250,000 and
$1,557,572
599,624
buildings and
each
to existing buildings will cost approxi¬
mately $2,153,000 at Mansfield and will provide an additional 400,000
square feet of floor space.
The Springfield expenditure will be about
West Virginia Water Service Co.—Earnings—
Year Ended J one 30—
in
90,000
income—estimated:
dividends paid
Other
Springfield.
expenditure
equipment,
$2,750,000 for
plants
Patents
will be spent at
Springfield plant.
The
the
,
of
profits tax
Deferred
costs, $6,500,000
at
$19,048,870
15,888,856
918,584
55,202
—
board of directors.
$5,000,000
capital
New
General
and
cer¬
ernment.—V. 161, p. 2667.
Provision
Works
1945
.
anticipated
appliances
will include
products, which
clothes dryers, steam irons, food
vacuum
cleaners, Mr. Robertson
expansion
the Federal Gov¬
issued by
is
new
of
line
meeting of the
a
$11,500,000 total
Mansfield
from
automatic
the
to
and
facilities under necessary certificates
annually
$100,000,000
and
war
freezers,
additions
following
the
Of
-After
tain
of
excess
the
farm
and
revealed
J
income
Net
before
and
T
adjustment
tTax
in
81,
May 31,'45 Aug. 31, '44
Cash on hand and on deposit
$2,585,346
$1,682,757
U. S. War Savings bonds—
57,602
'58,408
Accounts receivable, less reserve
1,856,921
4,340,675
Inventories
1,815,246
1,344,249
Cash surrender value of life insurance
99,863
91,036
Post-war refund bonds—
:
43,981
Post-war refund of excess profits taxes
(est'd.)
272,189
150,700
Property, plant and equipment (net)__
:—
627,275
656,323
from the increased sale of the 23 different kinds of electric
marketed
income* before tax adjustment.
Net
on
income
Assets—
new
volume
May
——
Condensed
.
Dollar
expense
reconversion
profit
Cash
postwar products by the Mansfield, Ohio, and
East
Springfield, Mass., Electric Appliance Division plants of the
Westinghouse Electric Corporation, was announced July 25 by A. W.
Robertson, Chairman.
'
! '
'
> "
$8,105,469
Net income
post-war
taxes
net
Net
general
—'
for
par
'•
and
paid
Provision
$11,500,000 expansion program to permit overall production 50%^
greater than
prewar
of
existing
types of electric
appliances
and
of
Ended
sold
An
manufacture
Months
$18,968,845
products
Post-war
\
Nine
income
of
Interest
$11,500,000 Ex¬
Corp.—Plans
Inc.—Earnings—
for
78,024
saving will be around $2,540,000.—V. 162, p. 55.
Westinghouse
pansion—
$9,727,434
3,621,965
income
Total deductions
the
saving
Statement
—
income
Gross
Cost
company has filed with the Interstate Commerce Commission
Application for authority to refund its $10,000,000 of first mortgage
4% bonds with a new issue of 3%
bonds which will mature in 1974.
679,444
___
.
1
"
sales
Other
oversubscribed.
was
To Refund Bonds—
$9,047,990
___,
income..
The issue
Income
Net
The
$12,460,990
3,413,000
,
with
NASD members.
$31,397,036
18,936,047
_
&
12, offered 34,988 shares oi company's
par) as a secondary distribution at $55
a
concession of 70 cents a- share to
an
Consolidated Income Account, 1Z Months Ended May 81, 1945
Total operating revenues
Total operating expenses
Offering—Blyth
RR.—Secondary
505
Woodall Industries,
on July
stock (no
share
per
Subs.)—Earnings—
West Penn Power Co. (&
Pacific
Western
and
"
;V
Japan
was
not at war.
~
•
-
^
FINANCIAL CHRONICLE
THE COMMERCIAL &
506
State and
Dated July 1,
District bonds.
Liberty National Life Insurance
Co., Ala.
1-938.
follows:
Due July 1, as
and
$2,000 in 1946 to 1955,
$3,000 in 1956 to 1961.
Portfolio Award—Details of the
of
municipal
award by the company
recent
School
City
Alhambra
38,000
NEGOTIATIONS
School District bonds offered for
on July 23—v. 162, p. 179—
were
awarded to the Bank of
America
eight of 1 % and must be the same
for all of the bonds.
Principal
and interest payable at the New
sum
Castle Trust Co.,
purchase of the
Savings
&
Trust
Nat'l
Association, Blyth & Co., Weeden
Denomination $1,000.
will
on
until
bids
sealed
receive
a.m.
10
Aug. 20 for the purchase
$25,000 school coupon bonds,
not exceeding 4% interest. Dated
of
Denomination $1,000. Due June 1, as follows: $1,000 in 1946 to 1960, and $2,000 in
1961 to 1965.
The purchaser will
be required to furnish and pay
for the printing of the bonds. No
bids for less than par and accrued
June
1, 1945.
interest
date
to
of
considered.
be
Delivery
made at Phoenix.
will
delivery
be
to
The purchaser
will be furnished with a certified
of the transcript of the pro¬
copy
ceedings so that the same may be
passed upon by the attorney for
bidder.
such
Enclose
check for 5%
certified
a
of the amount bid,
payable to the County Treasurer.
Maricopa County, Murphy School
>
y
Douglas, report of which appeared
in v. 161, p. 2837.
The taxpayer
contends
that
the
invalid for the
bond
issue
that
reason
is
due
and lawful notice of the April 21
Special
election, at which the
bonds were voted, was not pro¬
mulgated. A notice to dismiss the
injunction suit was filed by the
Maricopa
County Board
July 19.
pervisors
of
Su¬
on
ARKANSAS
Pulaski County Special Sch. Dist.
(P. 0* Little Rock), Ark,
Bond Election Planned—An is¬
of
$446,000 2%
sue
refunding
bonds
approved
by the
State
Education on June 11,
Board
will
at
of
be
submitted
election
an
time
in
1945.
v
to
August.
These
the
voters
held
some¬
to
be
Dated
bonds
are
Sept.
1,
due
in
1956.
;■(
rate
Angeles County, Santa Clarita
Union High School District
(P. O.
Los
Angeles), Cal.
e Bond Sale—The $300,000 build¬
ing bonds offered for sale on
July
24—v. 162, p. 397—were
awarded
to the Bank of
America National
Trust &
Savings
San
of
Francisco,
100.133,
$1,000.
a
$15,000
proposal to purchase a portion of
said bonds, the bid shall designate
specifically the bonds bid for. All
bonds sold to a bidder bidding for
all or a portion of said bonds shall
due
on
$10,highest
Blyth & Co., Weeden
& Co., William R.
Staats Co., and
Hannaford &
Talbot, jointly, for
2s, at a price of 100.39.
Los
Angeles County Districts
(P. O. Los Angeles), Cal.
Bond Offering—J. Ft
Moroney,
County Clerk, will receive sealed
'-j
purchase
bonds
not
10
the
bear
Enclose
Elections—A
Bond
of
total
$715,000 will be submitted to the
voters at elections to be held on
a.m.
on
of
amounting
exceeding
July 31 for
the
5%
to
following
$2,113,000,
interest:
•
^
$2,075,000 Centinela Valley Union
High School District bonds.
1
Dated July 1, 1945. Due July
j
1, as follows: $100,000 in 1946
1
to
1953, and
to 1970.
$75,000 in
1954
bid
for
5%
of the
payable
Mayor and Council.
to
for,
the
Department,
of: tenders
Daytona Beach Housing Authority,
■SZr'.Fla.
and
on
Sept. 1, 1958 to 1965, as l%s.
1, 1945.
Dated Sept.
San
Gabriel, Cal.
—
$160,000 Mission Playhouse
election held
the
at
will
be
voters
again
at
in the
failed
that
an
to
The
pur¬
carry
April 3,
submitted to the
on
held
to -be
election
future.
near
Tracy, Cal.
Voted—Ah issue of bonds
Bonds
Aug. 7,-for the
on
amounting to $500,000—$357,000
improvement bonds and
$143,000
w a t e r
improvement
bonds—was favorably voted at an
election held recently.
Tulare
County, Richgrove School
District (P. O. Visalia), Calif«
state
55
Broad
of
SaS
(2)
the
price
(which
than
the
principal
accrued
which
the
interest
same
must
be
amount
thereon)
at
are
offered; (3)
distinctive numbers
of
offered; v (4) be accom¬
purchase
of • $26,000
series
A,
housing authority debentures
recite
Dated July 1, 1945.
Denomination $1,000. Due Jan; 1,
as
follows: $5,000 in 1946, $1,000
panied by
(Third Issue).
in
Bond Election Planned
chase bonds
(EWT),
Bond!
said bonds'
tenders must specify
(1) the prin¬
cipal amount of bonds offered-
sealed bids will be received until
p.m.
for the
Refunding
.
FLORIDA
1
^sinking fund
Street, New York 15,
N.Y., before
3 p.m.,
EWT., on Aug. 61945
less
price
a
thi
avau!
a
A, issue of Nov. 1 1936
the lowest prices
submitted
'
The above named
bank calls for
submission to it at its
Corporate
Trust
Debenture Offering—J. N. Mil¬
at
sewerage
Angels County School Districts
(P. O. Los Angeles), Cal.
bonds
as
Series
ler, Secretary has announced that
for, payable to
Board of Super¬
visors.
certified check
a
deposited with the
bank
of $80,653.43
which is
able
of
Francisco,
bid
Chairman
the
interest.
Talbot
&
certified check for 3%
a
the bonds
of
of
rate
same
Hannaford
New Castle. The
approving opinion of Joseph Don¬
ald Craven, City Solicitor, will be
furnished the purchaser. Enclose
has
100.14, a net interest cost of about
1.647%, as follows: For $40,000
maturing on Sept. 1, $2,000 in
1946 to
1949, $3,000 in 1950 to
1953, $5,000 in 1954 to 1957, as
2s, and $40,000 maturing $5,000
portion of said bonds. In the
that the bidder submits a
any
San
of
event
1947, $2,000 in 1948 and 1949,
$1,000 in 1950, $2,000 in 1951 to
1954, $1,000 in 1955, and $2,000 in
1956
1958.
to
the rate
or
Bidders
to
name
rates of interest.
bonds
Authority,
authorizing the above described
Debentures, also authorizes an
additional $234,000, which will be
a certified check drawfi
order
of
the
to
Trust
Manufacturers
Sinking Fund
Company;
Agent, in
an amount
equal to one
of
the
principal
amount of bonds tendered.
Since
accrued interest will be
paid on
centum
per
all
The resolution of the
the
bonds
purchased, tenders at
designated as "flat" will
prices
for all purposes be considered
being made
inclusive
as
"net" basis, i.
e.,
accrued interest.
on a
of
designated as Series B Deben¬
tures, be dated July 1, 1945, bear
Notice of acceptance of tenders
will
be
mailed
by the above
interest at 3% per annum and ma¬
named agent on
ture
Jan. 1, 1959
to Jan. 1, 2001. The Series B De¬
serially
from
bentures will be sold to the Fed¬
eral Public
The
Housing Authority.
Series
redeemable
at
A
Debentures
are
good
faith
Aug. 7,1945, and
accompanying
checks
unsuccessful tenders, will be re¬
turned on said date.
All bonds
purchased pursuant to said ten¬
ders
be
must
delivered
with all
the
option of the coupons maturing on and after
the following dates:
Nov.
Bond Sale—The $50,000 building Authority on any interest pay¬
1,
1945,
attached to the
On August 7
ment date prior to their maturity bank on
or before Aug.
bonds offered for sale on July
17, 1945,
$460,000 Arcadia City School Dis¬
(but only after or simultaneously on which date
24—v. 162, p. 397—were awarded
payment of the
trict bonds.
with the retirement of all Series
to the Bank of America National
purchase price will be made with
On August 10
B Debentures), as a whole, or in
interest accrued to such date.
Trust & Savings Association of
$55,000
Rivera
School
District San
part in the inverse order of their
Francisco, as Is, at a price
bonds.
numbers, at par and accrued in¬
Miami, Fla.
of 100.51, a basis of about 0.85%.
terest to the date of redemption,
On August 16
Tax Roll Increased Nearly $20,Dated July 1, 1945. Denomination
plus a premium of 4% of their 000,000—The
$200,000 La Canada School Dis¬ $1,000. These bonds are due July
city's new tax roll,
trict bonds.
1, as follows: $8,000 in 1946 to par value if redeemed on or be¬ just approved, by the City Com¬
fore July 1, 1950, or a premium
1951, and $2,000 in 1952.
The
mission, is $224,366,670, up almost
Oceanside, Cal.
cf 3^2% of their par value if re¬
next highest bidder was Blyth &
$20,000,000 over last year, and the
Bonds Voted—An issue of
$85,deemed thereafter but on of be¬
largest since the 1920 land boom.
000 sewage disposal plant bonds Co., for Is, at a price of 100.00.
fore July 1, 1955, or a premium
More than 30% of the total tax
was favorably voted at the elec¬
of 3% of their par value if re¬
COLORADO
roll is exempt under homestead
tion held on June 26.
,
Orange County, Garden Grove Sch.
Elbert
District (P. O. Santa Ana), Cal.
Bond Offering — B. J. Smith,
deemed thereafter.
County School-Districts
(P. O. Kiowa), Colo.
Warrant Call— It is stated that
C. W. Eisner, County Treasurer, is
County Clerk, will receive sealed
calling for payment the following
bids until 11 a.m. on July 31 for
warrants:
the purchase of
$240,000 semi¬
Cons. Dist. No. 2, all registered
annual, school bonds, not exceed¬
prior to June 1, 1945.
ing 5% interest.
Dated July 1,
Dist. No. 11, all registered prior
1945.
Denomination $1,000.
Due to May 9. 1945.
$9,000 in 1946 to 1955, and $10,000
; Dist. No.
15, No. 71.
^
in 1956 to 1970. Principal and in¬
Dist. No. 17, all registered prior
terest
be sold for cash
only, and at not
less than par and accrued inter¬
est. Each bid must state that the
to June 1, 1945.
Dist. No. 19 all
to June
registered prior
to
bidder offers par and accrued in¬
April 15, 1945.
Dist. No. 31, Special Fund, all
delivery and registered
prior to June 1, 1945.
state separately the premium, if
Dist. No. 42, all registered prior
and
any,
fered
the rate
for
said
of interest of¬
bonds.
Each
to June
CONNECTICUT
Connecticut (State
rates of interest will be
said
for
bonds
approval
will
be
1, 1945.
bid
submitted
to
O'Melveny
&
Myers, of Los Angeles, and the
opinion of said attorneys will be
of)
Bridge Bill Signed—A bill was
signed by Governor Baldwin on
July 19, creating a Commission of
five
members
build
a
self-
liquidating
bridge
over
the
furnished to the successful bidder
Connecticut
River
between
Old
without
Lyme
be
charge.
unconditional.
All
tified check for 3%
bid
for,
payable
bids
Enclose
to
must
a
cer¬
of the bonds
the
County
Oxnard, Cal.
election
Election
will
be
study traffic and
sibilities
bond
in
An
—
within
financing required
the
ernor.
Diego County School Districts
(P. O. San Diego), Cal.
Bond
Issues
Awarded
Grossmont
to
be
DELAWARE
—
Union
The
High
balance
recorded
a
of
$11,051,498.67 at the
close of the fiscal year June 30,
according to J. M. Lee, State
Comptroller.
He also reported
that there was a balance of $2,716,240.64 in the teachers', salary
fund, which will be transferred
to general revenue under the new
fund consolidation act which
$61,501,120 of taxable
property from the base for tax¬
ation, except for debt service.
The roll is made up of $193,-
now
657.670 of real property and $30,708,340 of personal property.
Orange County (P. O.
Orlando)(
Fla.
A. John¬
Director of the
Bond Offering—Thos.
Executive
son,
Board
State
Administration,
Board will
of
has announced that the
receive sealed bids at its
put into effect.
office in
Tallahassee, until 3 p.m. on Aug.
14 for the purchase of $126,000
ported by Mr. Lee are far beyond
the $6,050,000 general fund esti¬ SBA, series of 1945, coupon re¬
Dated Sept. 1?»
mate and the $125,000 school fund funding bonds.
Denomination $1,000. £)ue
estimate of State Auditor Bryan 1945;
Principal and in¬
Willis, upon which Governor Cald¬ Sept. 15, 1965.
terest payable at the First Na¬
well based the tax program he
tional Bank, Orlando.
Bonds t°
submitted to the Legislature.
The balances also exceeded the bear interest in multiples of %»
one-tenth or one-twentieth of 1%,
comptroller's own estimates, upon
The fiscal year-end balances re¬
which opponents of the Caldwell
tax
requests' based their fight.
Increased cigarette, beer, whiskey
and race betting taxes were levied
but
the
,
administration-proposed
10% utilities tax; was blocked.
At the height of the
the
at
lowest
obtainable
rate
when sold at par, or at 3% when
sbld to the bidder who will pay
the
highest
therefor, the
exclusive ana
price
Board reserving the
unqualified.
right
determine
to
and to re¬
who is the best bidder
legislative
battle, Mr. Lee had estimated the
general fund balance at the end
ject
of
terest thereon will be
transferred from the school fund.
At the same time, he estimated
pledge of the full faith, credit
and taxing power of said County,
and an; additional pledge of saia
County's distributive share 01 ;«
tax
the fiscal year
would.be $11,322,491, including $1,579,556 to be
end
New Castle, Del.
Bond
teachers'
of
the
salary fund at the
fiscal
year
a*ter
the
transfers to general revenue.
Offering—Ann R. Hushe-
beck,
City
sealed
$800,000
will
60
bonds.
San
construction
-
days to vote the following bonds
amounting to $120,000: $110,000
sewage disposal plant, and $10,000
fire fighting apparatus purchase
Shows
Large Balance—The State's gen¬
eral revenue fund had
This exemption
exemption.
removes
the
revenue pos¬
of the proposed project.
subject to approval of the Govt
Planned
held
The first
tax
,
there would be $1,770,413: left in
to
aid
Bond
Saybrook.
work of the •/. Commission will be
Any
Treasurer.
and
to
;
Florida (State of)
General Revenue Fund
is being
1, 1945.
Dist. No. 24, all registered prior
terest to the date of
of
are
was
until
or
bonds
nex*
bids
all
rejected.
The proceedings for the issuance
follows: $5,000 in
1946,
1947 to 1965, and
the
for
be received
Bids will
1945, Denomination
These
in
as
*n
bidder
and any bid for a varying
of interest will be rejected.
awarded to
Association, of shall be at a single rate of inter¬
l%s, at a price est. Any bid for two or more
basis of about 1.74%.
Am,g'
as
a
payable
at
the
County
Treasurer's office. The bonds will
CALIFORNIA
Los
j
est,
District No. 21, Ariz.
Seeks To Enjoin Bond Sale—
Vidrine & Co., and the Bank of
j
bid, whether for
portion of said bonds,
shall be at a single rate of inter¬
only
or
3
perior Court seeking to block de¬
livery of the $65,000 school bonds
recently awarded to Kirby L.
Each
for.
bid.
all
Los
L. C. Harden, qualified elector in
the district, has filed suit in Su¬
a
to the date
of delivery, and state separately
the premium, if any, and the rate
of interest offered for the bonds
and accrued interest
City Com
1937, the CUv
terest
|
Clerk of the Board of Supervisors,
Sept. 1, 1946 to 1955. Rate of in¬ tion adopted by the
to be in multiples of onemission on
Aug. 23,
sale
& Co., William R. Staats Co., and
Principal
and
interest
payable
at
the Keller, Bruce & Co., all of San
bonds are given in an item ap¬
Francisco, jointly, as 2s, at a
County Treasury or at the fiscal
pearing in the "North Carolina"
price of 101.041, a basis of about
agency
of the County in New
section on a subsequent page.
1.89%. Dated Sept. 1, 1945. These
York City. Rate of interest to be
bonds are due on Sept. 1, from
in multiples of % of 1%.
The
I
ARIZONA
1946 to 1965, incl.
'
bonds will be sold for cash only
The
Maricopa County School District
$80,000 4 Lemon
Grove
and at not less than par and ac¬
^No* 17-(P. O.Phoenix)) Arix.
School District bonds also offered
crued interest.
Each bid must
Bond Offering—J. E. DeSouza,
on July 23—v. 162, p. 179—were
state that the bidder offers par
various North Carolina
1945
City Department
BOND PROPOSALS AND
ALABAMA
Monday. July 30,
bids
Clerk,
until
8
will
interest.
Dated Sept. 1,
nomination
$1,000.
on
1945.
Due
Lake Worth, Fla.
-
receive
Aug.
15 for the purchase of $20,000 re¬
funding bonds, not exceeding 5%
p.m.
any
ment
of
or all. bids.The pay¬
said bonds and the in¬
of
*
two
terms
of
ture
continue the
3
of
a
resolu¬
gallon on
Constitution of the
the
sinking fund agent for the City of
Lake Worth, announces that
pur¬
Section
per
of
turers Trust Co., of New York, as
to
cents
gasoline or other li»®
products of petroleum accruing
under Section 16 of Article JX 01
sales
the
Tenders Wanted—-The Manufac¬
De¬
$2,000 suant
secured by
a
a
of
the
which
the
State; by
LegisiJ'*
required t
levy of said tax to
State
is
period of 50 years from
Jan/,*
1943, and is prohibited from
with-
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4407
Volume 162
the
proceeds thereof Lee Township (P. O. Timewell),
III•
operation of said Con¬
stitutional provision during said } Bond Sale Details—The $30,000
oeriod.
The bonds will be award¬ road improvement bonds reported
sold recently—v. 162, p. 291—were
ed to the bidder whose bid pro¬
by Francoeur & Co.
duces th6 lowest interest cost after purchased
deducting the premium offered, if of Chicago, as 2s, at pat. These
any.
Interest on the premium, if bonds are due in 1947 to 1954,
and were approved at the election
[any, will not be ^considered as
deductible in determining the net held on April 17.
interest cost. In determining the
INDIANA
net interest cost, interest will be
Town ship School Towns hip
computed to the maturity date B
from Sept. 15, 1945.
Said bonds
(P. O. Otwell), Ind.
will be issued and sold by the ] Bond Offering—Harf y A. Kelso,
State Board of Administration, a Trustee, will receive sealed bids
body corporate composed of the until ,2:30 p.m. (CWT), on Aug.
Governor, Comptroller and Treas¬ 4, for the purchase of $21,000 3%
school bonds. Dated Aug. 1, 1945.
urer of the State, created by and
existing under Section 16 Of Arti¬ Denomination $500. These, bonds
cle IX ofthe Constitution of the are due $1,000 on Aug. 1, 1946,
in rawing
I from
the
oone
pursuant to
State, " and
the
ap¬
plicable statutes of the State and a
resolution duly adopted by said
and will
Board
validated
be
by
.Reference to said
judicial decree.
Constitutional provision, statutes
and resolution may be had for a
more
bonds.
detailed description of said
The approving opinion of
Giles J. Patterson of Jacksonville,
effect that such bonds are
valid and. legally binding obligaI tions of the State Board of Ad¬
ministration, acting for and on
behalf of said County and, if re¬
to the
quested, a copy of
of the proceedings
the transcript
involved will
and
to
Feb.
on
1956.
and
par
Aug.
bids
be
No
for
received.
ship,
on
to
be
check
and
amounts
The*-'bonds
are
out of ad valorem
levied and collected
$250,
'-Ko'
Trustee.
payable
the
to
Offering—J.
E.
Treasurer of the Board of Trust¬
ees, will receive sealed bids until
2 p.m. (CWT), on July 30 for the
! bfe delivered to the purchasers of
purchase of $12,000 improvement
| said bonds, without charge. En- of 1945, bonds not exceeding 5%
I
close a certified check for 2% of
the par value of the bonds bid for,
interest.
1, 1945. De¬
$600 July
1, 1946, and Jan. and July 1, 1947
to Jan. 1, 1956.
Rate of interest
payable to the State Board of Ad¬
ministration. Certified checks re¬
quire Documentary Stamp Tax at
the rate of 10 cents per. $100 or
fraction thereof.
Separate bank¬
be
able remittance to
bonds
should
if
tax
each
stamps
such
not
are
at¬
tached.
ILLINOIS
Bonds
Purchased—The
$12,000
2y2% comfort station bonds
awarded
&
on
1945.
were
July 17 to Francoeur
Co., of Chicago.
Dated Aug. 1,
Denomination $600,
These
bonds are due $600 in 1946 to 1965.
No bids
were
received in regards
to the previous
in
be
Due
multiples
more
named
of
of
1%
than o,ne rate shall
by each bidder.
Said
offering
on
July 3.
Chufchville School District No.
3
(P. O. Elmhurst R.F.D.), III.
direct
Said bonds
obligations
of
are
said
School Town, payable out of un¬
limited ad valorem taxes to be
voted
,
af: the
was
election
■'
July 14.
/
■;
/
1960,
held
V;
.
.
as
2$,
l%s. These are the bonds
thorized at the1 election held
School
the
of
tional
bids
the
at
expense
No condi¬
Town.
will
be
considered.
certified check for
a
$600,
Sale—The
Note
July
$40.0,000
17—v.
awarded
to
162,
the
Fletcher
on
Trust
30, 1945.
Denomination $5,000.
These notes are due on Dec. 15,
Harrison
an
issue of $50,-
County
Dixon School District No. 25, III.
Bonds Voted—An issue of $78,000 site purchase bonds was fa¬
vorably voted at the election held
on
July 17.
,
were
.
Logan),
O.
.V-
^
-
Purchased—The
Bonds
2 V2 %
(P.
IoWO
$67,500
semi-annual funding bonds
awarded recently to Shaw,
McDermott & Co., of Des Moines.
Dated July 1, 1945.
bonds.
revenue
'
IOWA
..
,
are
These bonds
due $2,500 in 1952, $5,000 in
1953, and $10,000 in 1954 to 1959.
To
Issue
Water
road
bonds to finance the deal and to
to
Legality
Approved—An
bonds has been approved
as
legality by Charles & Trauer-
nicht,
are
of
St.
Louis.
dated April
can hardly be sup¬
municipal ownership
operation of swimming pools,
golf courses, transit systems, air¬
These
bonds
1, 1945.
ports
Geneseo, III.
Bessant,
City
Clerk,
has
J.
construct
filtering system and
other improvements.
The issue is
for bonds amounting to $95,000,
a
provements.
chase
the
building
the
Aug.
have contracted to pur¬
$100,000
municipal
bonds to be submitted to
voters
at
the
election
13.
on
within the
were
of
the
makers
the Constitution in 1851
from
decision
a
Supreme
of the
LOUISIANA
of
Court,
The
of
the
Ohio
January
Term,
City of Cleve¬
v.
held
court
that
court
said
that
Alexandria, La.
/
ipal Utility
—Several
owned and
Operations Discussed
public
utilities
are
operated by the above
city, which had a 1940 population
■v.;/';
100.30
Bank,
Plymouth
%
100.27
%
100.25'
Ripley & Co.,
Merchants National Bank,
Boston
%
100.21
■
R.
L. Day & Co.; and'Lee
Higginson Corp., jointly
First National
Bank,
Boston
%
£
100.07
1
100.60
of
Vermilion
Building,
of
the
will
Board
receive
of
New
Secretary
bids
until
public
cision
exclusively
will
be
for a
Ohio de¬
The
purpose.
followed
with
in¬
terest in many places because of
its implications oh local taxes and
Federal taxes
as
well.
The foregoing report, reprinted
from
the
July
1,
1945
issue
Of "Municipal Finance News Let¬
Officers
Association
of
13
$380,000
Election—An
issue
bonds
will
election to
Lake
Bond
utility
and
3%%
electric
bonds,
4%
light
Nos.
63
amounting to $106,500,
Sept. 1,
on
1939.
revenue
to
are
Sept.
water
1,
275,
called
1945.
Denomina¬
V
l(
-,ji
100.00$
[
<
j
E
'?;r I
c
j
,
>
$43,000, 2%s,
$131,000, 3s, and
Authority, Me.
»
Everett,.
$46,000, 3V4s
100.007
authority, is call¬
Pontiac, Mich..
ing for payment on Aug. 1, at a
Bond Call—H. A. Maurer, City
price of par and accrued interest,
plus a redemption premium of Clerk, has announced that all out¬
7%, all outstanding 4% Maine- standing series B, issue of 1934,
New Hampshire Interstate Bridge
Authority, Maine (Augusta; Me.)
Bridge Revenue bonds to the
amount of $2,089,000 dated Feb. 1,
1939, maturing Feb. 1, 1969.
Said bonds will be redeemed at
the
First
ton,
or
of
on
National Bank
refunding
payment
Portsmouth.
I, 1934.
should
terest
$200,000 incin¬
erator series HHH bonds offered
for sale on July 25—v. 162, p. 292
awarded to the Mellon Se¬
curities Corp. of
.
,
offered
for sale on July 25—v.
162, p. 398—were awarded to
Tyler & Co., of Boston, as %s, at
a price of 100.633, a basis of about
0.52 %.
as
These notes
described
are
follows:
$16,667 land damages notes. Due
Aug. 1, from 1946 to 1950 in¬
clusive.
;:-;
5,000 water mains notes.
Due
$1,000 on Aug. 1, 1946 to 1950.
Dated Aug. 1, 1945.
The next
highest bidder was the Merchants
at
a
Bank, Boston,
price of 100.45.
Sale—An
notes
17, at
a
notes
are
issue
was
%s,
for
Note
notes
be submitted
election
to
of
Nov.
July
These
30, 1945.
to
at
$75,000 water
on July 24
292—were awarded
for
about
0.65%.
the voters at the
held
sum
years.
MINNESOTA
.
; \
1
» "
t
■
".
Chippewa County (P. O. Monte-'
video), Minn.
"
>;
Bond
Offering—A. C. Erickson,
County
Auditor,
will
receive
sealed bids until 2:30 p.m.
Aug.
on
2
for
(CWT)
purchase of
the
$68,000 refunding bonds, not ex¬
ceeding 2% interest.
Dated July
1,
1945.
Denomination
$1,000*
July 1, as follows: $8,000 in
1946, $10,000 in 1947 to 1949, and
Due
$15,000
in
County
will furnish the
bonds,
1950
and
The
1951.
printed
and all bids must be
conditional
except
un¬
legality
which may be made conditional
upon the legal opinion of Dorsey,
Colman, Barker, Scott & Barber
of
Minneapolis, whose opinion
must be
accepted by the pur-*
chaser.
Delivery of the bonds
will
be
to
as
made
to the purchaser
days after the sale,i qr
at his option thereafter.
Enclose
within
a
30
certified
check for
able to the
$1,360, pay¬
County Treasurer; 4
No
County School District Nd.
(P. O. Farmington), Minn. J
Bids
Received
No
—
bids
received for the $4,000 bonds
offered July 20—v. 162, p. 181.
were
.•
Deer Creek
sale
Dated
■
•
.
>
v
Township (P. O. Deer
Creek), Minn.
Bond
Offering—B.
Township
Clerk,
R.
Kerssen,
will
receive
Aug.
sealed bids until 8:30 p.m. on
14
for
3V2%
the
purchase
semi-annual,-
of
$15,000
road
and
Aug. 1, 1945.
Denomination $1,000. These notes
are
due on Aug. 1, as follows:
$8,000 in 1946 to 1954, and 53,000
Dated Aug. 1, 1945.
Denomination $1,000. These bonds
are due $1,000 on Aug. 1, 1948 to
in
and accrued interest.
1955.
Other bidders
'j
•—
■
on
m
Pontiac),
on
Aug. 22.
$70,000 will be
general obligation bonds matur¬
ing in 25 years, and $55,000 special
assessment bonds maturing in 15
$25,000
on
162, p.
Tyler & Co. of Boston, as 3/4s,
a
price of 100.519, a basis of
—v.
to
be
Of the above
Sale—The
offered
called.
O*
Dakota
discount of 0.319%.
due
the-Na¬
An issue; of
$125,000 water system bonds Will
76
sold
date
(P.
Election
Bond
Dover, Mass.
revenue
to
Detroit, Detroit,
September 1. In¬
on
Lake
V
on
at any
Bonds
Mich.
Sanitary
District, Md.
—were
of
ceases
Sylvan
MARYLAND
Bond Sale—The
delivered
Bank
for payment on
ceases
due
are
1964, callable
payment date.
be
tional
for
1, at par
Dated March
1,
interest
date called.
called
are
September
These bonds
March
of Bos¬
Interest
bonds
on
and accrued interest.
at the First National Bank
Washington Suburban
Williams,
and
;
-
Bond: Call—Frederic E.
La.
A.
Price Bid
For
Kingston, Mass.
Clerk, has announced that
for -payment
Dated
an
Aug. 14.
on
Providence,
Call—C.
Town's
works
be held
v
&
Chairman of the
Note
construction
fol¬
as
McDonald, Moore & Co.,
Crouse, Bennett, Smith
& Co., and
Watling, Lerchen & Co.,
jointly,
MAINE
of
be submitted to the voters at
were
Michigan Corp.
H. V. Sattley & .Co.,
Hampshire Interstate
(P. O. Bossier), La.
Bond
bidders
First of
4
the purchase
improvement
National
Bossier Parish School Dist. No.
May 1, in 1948 to 1972.
Co., and
Miller, Kenower & Co.,
jointly,
/
For $50,000, 2%s,
$110,000 23/4Sj and
$60,000 3s'
bonds.
Bridge
on
other
Bidders
Commissioners
sealed
p.m. on Aug. 21 for
of
$20,000 public
Maine-New
due
lows:
Sub(P. O.
Abbeville), La.
,
frroperty used
are
The
Gravity
Offering—The
on
net interest cost of about 2.718%.
Dated July 10, 1945. These bonds
Drain District No. 2
Bond
awarded
cinnati,—v. 162, p. 58—were sold
as
2%s, at a price of 100.522, a
Shields
Parish
bonds
revenue
June 26 to Einhorn & Co. of Cin¬
Requests
Pittsburgh, at a
price of 100.056, a net interest cost
of 1.206% as follows: For $39,000
from taxation.
As proof of this
assertion the court cited the fact maturing July 1, $7,000 in 1946,
that the city had collected enough and $8,000 in 1947 to 1950, as 5s,
and $161,000 maturing on July 1,
revenue in three years, over and
above the operating expenses, to $9,000 in 1951 to 1954, $10,000 in
fray off almost half of the $17,500,- 1955 to 1957, $11,000 in 1958 to
000 purchase
price.
The court 1960, $12,000 in 1961 to 1963, and
made a distinction between the $13,000 in 1964 and 1965, as Is.
Strictly governmental functions Of Dated July 1, 1945. Denomination
a
municipality and the propri¬ $1,000.
etary functions including those of
MASSACHUSETTS ;
operating utilities. A dissenting
Canton, Mass.
opinion of two of the Ohio jus¬
tices held that the operation of
Note
Sale—The $21,667 notes
the street railway and other simi¬
lar
utilities
constituted
public
tem
interest in
Jones,
Whitney
Orleans, 12, La.
t.;K,
$220,000 West Side Water Supply
Sys¬
Louisiana
an
Mich.
Details—The
,
Sale
Bond
sliculd be addressed to Scharff &
a
a
MICHIGAN
Lansing Township (P. O. Lansing).
Struc¬
municipals.
Louisiana
the
pro
State
dividuals who have
in the
or
municipal
corporation by entering a field of
private competitive business for
profit divests itself of its sov¬
the
Divergent Practices On Munic¬
Bid
%%
Inc.
City of New
Orleans," is how available. The
firm will be pleased to send a
copy gratis, upon request, from
either dealers, institutions or in¬
property of the municipallyowned street railways is taxable.
Town
an¬
nounced that Ballman & Main of
Chicago,
the like
or
minds of the people who adopted,
that Constitution." The quotation
to
being reserved
for the filtering system and im¬
Contracted—Myrtle
that
and
with about $65,000
Bonds
them, and those things
It
Bonds—The
issue of $8,000 4M>% semi-annual
Eagle Creek, III.
^
Bond
excluded.
the United States and Canada.
City has completed arrangements
purchase
the
local
water
system and is taking steps to issue
/
still within
not then within them remain still
Finance
Elkton, Ky.
Price
Rate
National
Harriman
and Its Parishes and
written
ter," published by the Municipal
KENTUCKY
•
a
tures
"Bond
,
1945.
on
Cuba, III.
Ordinance Passed—The City
Council passed an ordinance re¬
is
tanto, takes on the
private corporation
and thereby forfeits its immunity
292—were
p.
Supreme
things which are within its
grants of power, as the grants
were understood when made, are
ereignty
tem¬
notes offered for sale
%;■
000 water
Constitution
character of
apolis), Ind.
porary
Ohio
Those
The
bidder
au¬
*
cently calling for
the
publication
instrument and its meaning does
not change. That which it meant
when
adopted,
it means
now.
successful
r
and
as
'
"The
land.
on
$50,000 maturing on Jan. 1, $5,000
iq I960, and $9,000 in 1961 to 1965,
June 4.
of
Court cited below.
Cord, Ice & Miller of Indianapolis,
approving the
legality of said
bends, will be furnished to the
.
in
decision
1945, Zangerle
The opinion of Ross, Mc-
hospital' bonds awarded recently
Indiana Trust Co., Union
to G. H. Walker & Co. of St. Louis, Co.,
Trust
Co., Ind i a n a National
and Quail & Co. of Davenport;
Bank, Merchants National Bank,
jointly—v. 162, p. 57—were sold
and the American National Bank,
as follows: $100,000 maturing on
all of -Indianapolis, jointly, at a
Jan. 1, $6,000 in 1947, $7,000 in
Dated July
1948 to * 1953,. $8,000 in 1854 to discount of 0.75%;
$4,000
practices in Alexandria with the
Town.
$6,000 payable to the School Town.
favorably
Marion County (P. O. Indian¬
Bond Sale Details—The $150,000
1959,
in the nature of fees
Contrast the actual
is
Enclose
Clay County (P. O. Louisville), III.
'■
rentals.
levied and collected on all of the
taxable property of the School
Bonds Voted'—An issue of
construction bonds
revenue
contemplation
being
repre¬
$1,635, and parking meters $12,017. There were other minor items
posed
are
$120,000.
part of the utility profits
operating expenses and de¬
preciation.
Licenses
produced
$143,913 for the city, swimming
pool fees $16,495, golf course fees
issued %t the
purpose of procuring funds to.be
used in the remodeling and im¬
proving of the school building in
the
Canton, III.
*
to
and not
$600.
lines
transferred
the School Town.
cover
accompany
check
such tax
Dated Aug.
nomination
bus
after
and
Fraley,
the
sented
of
Converse School Town, Ind.
Bond
the
to
general
$348,000, the water depart¬
$72,000, the gas system $60,-
The
property within the
Enclose
a
certified
for
contributed
000,
all taxable
Township.
property taxes. The
light and power depart¬
electric
ment
be
payable
taxes
from
came
bids
conditional
their
city's; total general fund receipts
were
$845,780.
Only $12,106.54
ment
will
Plymouth
that the 1945 edition of
announce
park and softball diamond. For
the year ending April 30, 1945, the
than
less
Int.
BidderRobert Hawkins & Co._i
*
fund
direct obligation of Boone Town^-
a
figure of 27,066. According to Hal tion $500. Due Sept. 1, 1946 to
T. Dulany, City Secretary-Treas¬
1959.
Payment will be made on
urer, the city owns and operates
presentation of said bonds, with
an
electric generating and dis¬ interest coupons
maturing on and
tribution system, water wells and after March
1, 1946, attached, at
distribution system, natural gas the
Whitney National Bank &
distribution system, and municipal Trust
Co., New Orleans, or the
bus lines.
The city also is con¬ Central Hanover Bank &
Trust
structing ari abattoir and already Co., New York City.
Interest
has an airport. In the city parks ceases on date called.
several facilities are operated on
Louisiana (State of)
a fee basis,
including an audi¬
Debt Compilation Available—
torium,
swimming
pool,
golf
course, tennis courts, zod, baseball Scharff & Jones, of New Orleans,
1947
1, in
interest
accrued
considered.
will
and
No
507.
were:
bridge bonds.
1960.
No
bid
for
less
than
par
.
•
THE COMMERCIAL & FINANCIAL
508
id
Independent School Dis¬
Hopkins
No.
trict
amounting
thorized
$450,000
to
the
at
July 18.
held
election
.;
I
Minn.
Mora,
,
Sale Details—The $15,000
Bond
awarded on July
hospital bonds
Bank of
)\S
13 to the Kanabec State
'm'i/
Morar-rv. 162, p. 399—were sold as
2s, at par. Dated Aug. 1,1945, De¬
nomination $1,000.
These bonds
ill
due $3,000 on
are
Aug. 1, in 1946
to 1950, optional on Aug. 1, 1947.
Bond Sale—The $149,000
public
welfare bonds offered for sale on
Julip 25—v. 162, p. 293—were
awarded to Halsey, Stuart & Co.,
0.60s, at a price of 100.056 a
basis of about 0.57%. Dated July
as
k-ii
•
due
are
follows:
as
$1,000.
Denomination
'1945.
1,
These" bonds
July 1,
on
1946, and
in
$49,000
$50,000 in 1947 and 1948.
The
highest bidder was the First
National Bank, St. Paul, and the
First National Bank, Minneapolis,
next
jointly,
for
at
0.75s,
Offering—K
Bond
price
a
Wachob
—
July
on
containing statistical in¬
on Nebraska municipal
t h T.
presents in condensed form, state¬
ments <: of
assessed
valuations,
bonded debts and levies as of Jan.
purchase of
Election—On
Bond
posal to call an election to sub¬
mit to the voters an issue of water
softening plant, bridge construc¬
tion and city dam repair bonds
amounting to $300,000.
MISSISSIPPI
.
bonds
awarded
were
Citizens
the
Bank
recently to
the
and
Radburn
v
sale
$1,730,000 bonds
on
24—v.
July
M.
follows:
$1,250,000 aviation field, series "2"
bonds, as 0.50s.
Due Sept. 1,
Guaranty
1951.
Senath, Mo.
Dated
Sept.
nation
$1,000.
water works
improvement
bonds awarded to the Municipal
bidder
was
Corp. of Alton—v. 161, p.
price of 101.50,
and are in the denomination of
These bonds
1, as follows;
$1,000 in 1956 to 1958, $3,000 in
1959 to 1962, and $3,500 in 1963.
$1,000,
for $500.
one
mature
March
on
1, 1945. Denomi¬
The next highest
the
Guaranty Trust
Co., New York, Mellon Securities
Corp., Pittsburgh, and Barr Bros.
&
Co.,
jointly, for - $1,250,000,
0.60s, and $480,000, 0.80s, at a
price of 100.007. Net interest cost
of 0.6394%.
Other bidders were
as
follows:
Price
Bid
Chase National Bank,
New York, and
date thereafter at
par and accrued interest.
Prin¬
cipal and interest payable at the
St.
Louis Union Trust Co., St.
interest
the
in
opinion
any
of
will
sold
to
the
the
least
amount
Plans Bond Issue—The
Countv
of Freeholders on
July 21
took action to issue bonds
amount¬
ing to $47,000 for acquisition
of
additional
of
two
or
bidders
more
the
accept
then to the bidder
therefor
the
purchaser
amount
offer
least
same
mission.
to
also
pay
payment
of the
livery
of
the
an
control bonds awarded
on
to
all
the
bidder
election, be relieved of his
obligations under the contract to
purchase the
(Net interest cost .6429%.)
bonds
and
in
;
Bank
&
Trust
the
Co.,
Salt Lake
a
National
Bank
&
Stern
the deposit accompanying his
bid will be returned. The success¬
Bros.
Price
Bid
Trust '*
Co., Kansas Cicv. Jointly
such
case
Bankers Trust
of
'V'' Int.
•Bidder—
Rate
Bosworth, Chanute, Lough;
ridge & Co., and City
may,
at his
100.20
flood
July 17
Corp
Security Trust Co., and
1V4S, at
taxable
successful
on
Burton
of about
by the
Federal income tax
*
L.
City, jointly, as
price of 101.062, a basis
1.12%,—v. 162, p. 399—
also, received the
following bids:
income
type and char¬
same
shall ' be
Edward
Continental
by private holders from
bonds of the
law,
the
the
First
purchase price.
prior to the de¬
bonds
the
,
Santa Fe, N. Mex.
Other Bids—The
$50,000
the bonds accrued to the date of
In the event that
for
NEW MEXICO
offering to pay
price.
The
highest
must
'
amount,
equal to the interest
rights-of-way
Rahway River Parkway being de¬
veloped by the County Park Com¬
bonds, the bonds to be accepted
being those first maturing, and
if
6
,
Board
bidder
complying with the terms of sale
and
offering to accept for the
bid
Township.
County (P. O.
Elizabeth)
-New Jersey
As between legally
specifying
of
interest, the
be
Enclose a
$1,960, payable
Union
proposals
terms of any
Omaha, jointly
For $1,250,000, .70s, and
$480,000, .60s
2.826%.
will
Hawkins, Delafield & Longfellow
of New
York, that the bonds ™
valid and legally
binding obliga!
rate
same
acter
First National Bank,
Louis. Net interest basis of about
Co¬
acceptable
received
Bidder
March 1, 1955, or on
on
stated
rate
than $711,000.
amount
480,000 sports stadium, series of
1945 bonds, as 3s.
Due Sept.
1, 1949.
of the City.
Enclose a cer¬
tified Check for $2,520.
pense
612—were sold at a
lowest
bonds
at the ex¬
Bond
Trust
Co., Fair Lawn.
No proposal will be considered
which specifies a rate higher than
the
re"
turned.
to the
York, and
Douglas
of
Omaha,
jointly, at a price of 102.319, a
net interest cost of 0.58367%, as
delivered
the
of
office
Co., New York,
ac
companying his bid will be
The successful
bidder
be furnished with
the
Lawn-
bid for the bonds, which shall be
not less than $710,000 nor more
John
legality of the issue will be fur¬
and
the bonds will be
the
Fair
tons of the
Township.
certified check for
nished
at
.r£'leved of his obligations un'der
the contract to
purchase the
bonds
in such case
the deposit
Harriman & Co.^of New
at the Guaranty Trust Co.,
The opinion of Chap¬
& Cutler of Chicago, of the
money
Trust
the
at
success!
election be
and
Principal and inter¬
payable
ofany pebde
may, at his
legally acceptable proposal. Each
proposal must state the amount
p. 294—were awarded to the
First Boston Corp., Brown Bros.
New York.
printed, registered and
taxable by the terms
f?l-SS0me tax lawful bidder
162,
single rate of interest.
Principal
and interest payable in lawful
man
for
offered
the bonds at a
;
Omaha, Neb.
Bond Sale—The
Each bid
of Ya of 1%.
must be for all of
^
request,
same
for all
same
"
of the
received bv nri
holders from
bonds of thl
type and character shallT
vate
one-twentieth of
or
and must be the
payment
In the
™
hnnd?rr-t0 thC delivery
multiple
l94S
VA%
100.097
&
Co.^ and
Bernheimer Co.,
Baum,
jointly
/
lVs
101.157
Co.,
Crouse, Bennett, Smith &
ful bidder will be furnished with
York,
Co.. and Coughlin & Co.,
Plentywood, Mont.
F. S. Moseley & Co.,
the opinion of Hawkins, Delafield
Jointly
V/s
100.63
Bond Sale Details—The $36,000 Kirkpatrick-Pettis
& Longfellow of New
Co., and
York, that
water supply, bonds awarded on Wheelock &
NEW YORK
the bonds are valid and
Cummins,
;
legally
July 2 to Piper, Jaffray & HopV-r. •'*"*' 'V?L- -J.' ''"%■
jointly,
iv
V %'■
binding obligations of the- Bor¬ The State Insurance Fund of New
For $1,250,000,
Newton County Supervisors Dist. wood, of Minneapolis, as l%s, and
.60s, and
ough.
Enclose a certified check
York, N. Y.
No. 2 (P. O. Decatur), Miss.
l3As—v. 162, p. 181—were, sold I $480,000, .90s
for $14,200,^ payable to the Bor¬
__t 100.052
Bond Sale—The Fund accepted
Legality Approved—An issue of j at a price of 100.144, a net interest (Net interest cost .6515%.)
ough.
bids on $961,900 of the $1,002,900
f&Yzfunding bonds amounting cost of 1.673%, as follows: $16,800 First National
i
various fully registered New York
Bank,
i
7 I
T,.««
1
lOAfi
Pennsauken Township (P. O.
to $14,527.25 has been approved maturing $2,400 on June 1, 1946
Chicago,
and New Jersey municipal bonds
to 1952, as l^s, and $19,200 ma¬ National
Pennsauken), N. J.
as. to legality by Charles & Trau¬
Company of
Bond Offering—Robert V. Pea- offered for sale on July 25. The
ernicht of St. Louis.
Dated June turing $2,400 on June 1, 1953 to
Omaha, and
body, Township Clerk; will re¬ purchasers were as follows: C. F.
1, 1945.
1960, as l%s.
These bonds are City National Bank &
Childs & Co., New -York, Com¬
ceive sealed bids until 8:15
dated June 1, 1945.
p.m.
Trust Co., Kansas
merce
Union Bank of Nashville,
City,
Poplarville, Miss. V,
;
(EWT) on Aug. 13 for the pur¬
Bond Sale Details—The
jointly,
$45,000 Sanders County (P. O. Thompson
and; Sherwood & Co., jointly;
chase of the following
coupon or
For $1,250,000,
% water revenue bonds award.70s, and
Salomon! Bros. & Hutzler; Barr
Foils), Mont.
j
registered
bonds - amounting
to
ed last January to
$480,000, .60s
100.139
Bros. & Co.; Charles E. Weigold
Bond
Shaw, McDerOffering—C e c i 1 i a M.
$98,000, not exceeding 4% inter¬
(Net interest cost .65397%.)
mott & Co.,/of Des Moines,—v.
& Co., and George B. Gibbons &
Rrier,. Clerk of the Board of"
est.
161,r p. 357—were sold at par. County Commissioners, will re¬ Halsey, Stuart & Co.,
Co., jointly; R. WV Pressprich &
$37,000 General Improvement
These bonds are dated Dec.
Co.; Stroud & Co., Philadelphia;
1, ceive sealed bids until 10 a.m. on Paine.: Webber, Jackson
bonds.
Dated May 1, 1945.
1944, and mature Dec. 1, as fol¬ Aug. 8 for the purchase of $95,000
Curtis,
...
J
Bacon, Stevenson & Co., NewPart of an authorized issue
lows:1 $1,000
m
1946 to
York; Manufacturers & Traders
1950, courthouse bonds, not exceeding First National Bank,
of $37,981. : ;'
:
Trust Co., Buffalo; Marine Trust
$2,000 in 1951 to 1959, $3,000 in 6% interest. Dated
Memphis, J V
'
Sep! 15,1945.
50,000
1960 to 1966, and
Improvement
of
19 4 5 Co. of
William Blair &
$1,000 in 1967. Amortization bonds will be the
Co.,
Buffalo, and R. D. White
bonds. Dated May 1, 1945.
Bonds maturing in 1955 to
& Co., jointly; Scarsdale National
1967, first choice and; serial bonds will Mullaney, Ross & Co.j
11,000 General Improvement Bank, and the Marine Trust Co.
are redeemable in inverse
First National
numer¬
Bank,
be the second choice of the Board.
lumbia
Bank
both
MONTANA
of
Columbia,
jointly, at a price of 100.40.; Dated
June 1, 1945.
Legality approved
by Charles & Trauernicht, of St.
4
one-eight
1%
nished upon
$8,000 in 1950 to 1964, and
$6,000 in 1965.
The bidder will
name
the rate of interest in a
lows:
any
Marion County (P. O. Columbia),
JO
^ Miss.
Bonds Purchased—The $50,000
1%
semi-annual,
court
house
of
of the bonds.
Callable
^
Rate of interest to be in
the date of
bonds the income
1974, and $24,000 in 1975.
est
Bond Sale Details—The $18,500
Proposed
1952 to
to
the purchase
price.
regis-
or
coupon
crued
as follows: $17,000 in 1946 to 1948,
$20,000 in 1949 to 1951, $25,000 in
copies of the booklet will be fur¬
3%
July 10 the City Council referred
to its {finance Committee a pro¬
$710,000 sewer
ested in Nebraska local securities,
To any investor inter¬
1945.
1,
purchase of
the
ant, Borough Clerk, will receive
tered bonds, not exceeding 6% in¬
terest.
Dated Sept. 1, 1945,
De¬
nomination $1,000.
Due Sept. 1,
Due Sept. 1, as fol¬
tion $1,000.
of
Minn.
publication
This
sub-divisions.
Monday, July 30,
16 for
Aug.
on
$126,000 coupon refunding bonds.
Dated Sept. 1, 1945.
Denomina¬
10G.025.
Thief River Falls,
Omaha, are
the
1944-45
distributing
formation
e n n e
for the
30
-
210-12 South 17th St.,
now
Boyle, City Comptroller, will re¬
ceive sealed bids until 11:30
Paul, Minn multiple
St.
ri/;
Units
Joseph, Mo.
St.
of)
Oh Local
Bender Corp.,
(State
Statistical Information
a
booklet
oh
,
'
Nebraska
now
of $60
maximum
a
including
contributions
nade by the Federal government
>n a 50-50 matching basis.
au¬
was
to
nonth,
construction and equipment bonds
*
dependent; children,
to
imited
Minn.
Bonds Authorized—All issue of
19,
CHRONICLE
'*•-
New
-
__—
—
'
•
,
i
.<)
f
V ■"
■:;r
'
A.
r-rtrr
or-
,
_
Ann
<J«0
~
...........
.
.
.
.
11-
.
t
,
.
'4 '■
:h
ical order
on Dec.
1, 1954, and on
interest date thereafter at 102.
any
Simpson County
(P. O.
hall), Miss.
M end en-
If amortization bonds
are
ed
into
several
bonds,
the
as
First National Bank,
St. Paul, and
Sale
721.34 21A %
ed
to
—
sold
a
at
are
—
The
funding bonds
Edward
Jackson,
bonds
Details
Jones
&
162, p. 399
price of par.
v.
due
$12,-
award¬
Co.,
—
of
were
These
on
April 15, as fol¬
lows: $721.84 in
1946; $500 in 1947
and 1948; $1,000 in
1949 to 1952;
$2,000 in 1953 and 1954; and $3,000
in 1955.
Board may determine upon at the
time of sale, both principal and
interest
annual
riod
of
to
of
10
issue.
of
90 bonds
each.
serial
sold
jointly,
provement
bonds has
bonds
been
and
extension
of
The
approved i as
to
legality by Charles & Trauernicht
of
St.
dated
Louis.
These
bonds
are
May 1, 1945.
MISSOURI
amount
there
(State of)
Approves Bill Which
Will Increase Old-Age Benefits—
will
be
are
For $1,730,000, .70s
100.172
(Net interest cost
.66841%.)
National City Bank,
New York, and
National Bronx
Bank,
York, jointly,
For $1,250,000,
.70s, and
$480,000, .60s
$1,000 denomination,
of
sum
15,
on
the
become payable
1946,
same
and a like
day each year
are
paid.
The said bonds whether
amortization
or serial, will be re¬
deemable in full, at the option of
the County, 5 years from the date
of issue and
date
on
thereafter
a
any
payment due
before
First
certified check for $500,
NEBRASKA
;
Governor
r
The new measure also Omaha, at par;
removed ceilings for payments of due in 10 years.
are
100.021
;;
Each
the
pro-
amount
bid
bonds, which shall be
than
$98,000
nor
be
sold
to
the
bidder
com¬
Bond Issue Approved—On
bid the least amount of
bonds, the
bonds to be accepted
NEW JERSEY
^
*
Emerson, N. J.
16 the State
.
approved
an
July
Funding Commission
issue of $41,000
re¬
funding bonds.
.
j
-
Bond
Fair Lawn.:N. J,
V.
*"
Offering^Ralph M. Brv-
sealed bids until 8:30 p.m.
(EWT)
l-l
V
/ 1 t.
being those
first
maturing,; and
more
bidders
if
two
or
offer to accept the
amount, then to the
bidder offering to
pay therefor
the highest price.1 The
purchaser
same
must
to
-
the
least
also
pay
an
interest
on-
•
amount
equal
the bonds
ac-
.
Concord, N. C.
.
issue
of
$207,000 street, sidewalk, sanitary
sewer
•
system
andrecreational
•
facility bonds will be submitted
to the voters at an election to be
held
on
Aug. 21.
Liberty National Life Insurance
Company (P. O. Birmingham),
T-
Ala.
...
Bonds Sold—The
$236,000 vari¬
blocks
of
North
Carolina
municipal bonds offered for sale
on
July 18 and described in de¬
ous
.
tail
in
awarded
162,
v.
7 p.
182—were
follows:
as
First Securities Corp.,
Durham:
nol
$99,000. As between legally ac¬
ceptable proposals specifying the
same rate
of interest, the bonds
will
:
Bond hi Election—An
Block
than
more
r
*
Block
.
_n
1
No.
H3.59
2
No.
—131nJ
138.0J
Block
No.
11
Block
No.
14
—141.47
T. TJ. Crumpton & Co.,
Birmingham: '
plying with the terms of sale and
offering to accept for the amount
.
These bonds
V:
.676%.)
state
must
legally
any
-
{•fv;
bill
couples.^
^
proposal.
less
$1,250,000, .70s, and
$480,000, .60s
(Net interest cost
)
Donnelly has signed a
Gothenburg, Neb.
eliminating ceilings on State { V ;;
contributions,
which clears
the j Bond Sale Details—The $14,960
path for increasing old-age pen¬ aviation bonds awarded as 2s,—
sion payments from $30 to $40 a
v.
161, p. 1818—were sold to the
month for individuals, and from
Robert
E. ; Schweser
Co.,
of
$45 to $80 a month for married
stated/ in
oosal
for the
&
Co., and {
Peters, Writer & Christensen,
payable to the above clerk.
rate
acceptable
Trust Co.,
For
the
Principal
and
interest
payable at the Pennsauken Town¬
ship National Bank, North Mer-
lowest
Corp.,
jointly,
of
proposal will be considered which
specifies a rate higher than the
Lincoln,
•
all
.
Co., St. Louis,
Stern Bros.
maturity.
for
same
chantville, or the Philadelphia
National Bank,
Philadelphia. No
Savings
Bank, Chicago,
Mercantile-Commerce Bank
& Trust
the
.v
;
NORTH CAROLINA
1951, $7,000 in 1952, $8,000 in 1953
and
1954, $10,000 - in 1955 and
1956, and $5,000 in 1957 to 1961.
be
;
of Buffalo.
of $61,000.
bonds.
100.06
Harris Trust &
Wachob Bender
May 1, 1944.
authorized is¬
an
Denomination $1,000. Due
May
as follows:
$5,000 in 1946 to
must
(Net interest cost
.66859%.)
$9,500 of said
of
Rate of interest to be in
multiple
of
or
one-tenth of
1%, and
New
10
thereafter until all of such bonds
Enclose
Missouri
Governor
date
bonds
1,
5
$500 denomination, and
Sept.
on
the
from
years
serial bonds will
Utica, Miss.
Legality Approved—An issue of
$17,000 1%% water works im¬
in semi¬
payable
If
issued and
bonds
be
installments during a pe¬
Dated
sue
Baum. Bernheimer
Co.,
'
Bond
bonds.
Balance
Minneapolis,
sold and
issued, the entire issue may be
put into one single bond or divid¬
Block
R.
S.
No.
3
Dickson
——
&
Charlotte:
,
i-
Block
;
Block
?
| Block
I {Block
No.
/*
:
—i— 124.10
4
No.-
---
No.""6___—
No.
127.29
Co.,
9—.—-
112.86
119.23
117.82
—
First Citizens Bank & Trust
Co., Smithfield:
f
>
;
»
Block :No.> 7_„_
22^119.84
THE COMMEkCIAL & FINANCIAL CHRONICLE
Number 4407
Volume 162
ing 3%> interest.
Cumberland Securities Corp.,
1945.
Nashville:
No.
Block No.
Block No.
Block No.
Block
,-8—-J--—102.01
10————104.71
15
116.75
18
104.35
Watkins, Morrow & Co.,
Block No.
112:20
103.93
113.88
Block No.
Robinson-Humphrey Co.,
Atlanta:
107.50
1976.
School
—
levied
ditional
The
within
■
D.
N.
District,
$25,000 ; re¬
The
bids
the
will
bidder
opinion
without
No
for
Enclose
1%
of
bonds
Election
Veterans
be
the
November
at
election.
submitted
-
=
Plans
is
.
Bond
Aug.
the ballot at the November elec¬
purchase of $10,000 city
tion, the $73,000 3% storm
sewer
bonds, not exceeding 4% interest.
arid
bonds
1, 1945. Denomina¬
tions $1,006 and $500.
Due Sept.
1, as follows:
$1,000 in 1947 to
1953, and $1,500 in 1954 and 1955.
that failed to carry at the Novem¬
Dated Sept.
Enclose
certi¬
a
Bond
sealed
March
Baltic, Ohio
Thomas,
Offering—D. P.
$300.
&
Co.
P/2%
101.66
Co.
Trust Co.
&
1%%
con¬
No bids for
and accrued inter¬
and
interest
The approving
Bond
June
a
Resolution
the General
opinion of
pur-
a
or
Enclose
Code
amended
as
are
about
to
ma¬
mature.
certified check for 1%
of the bonds bid for, payable to
a
the City.
Houser
will
until
re¬
on
noon
V
:
Newcomerstown, Ohio
the
to
:y.,
'j C o m mission has
' resolution
issue
to
2%%
refunding bonds.
Dated March 1, 1945. Denomina¬
tion $1,000.
voters
at
the
Bond Ordinances Passed
—
On
Sept. 1, 1946 to 1955.
North Canton,
incinerator construction
and equipment bonds
900,000 hospital and health center
Ohio
Bond
Bidders
.
-
.
-
the
issue
and
serial
of
number
each bond tendered and the
price
which will be accepted.
The Village reserves the right to
reject all tenders, or, if insuffi¬
cient tenders are received to ex¬
haust
said
same and
ner
funds,
reject
to
readvertise in the
the
man¬
provided by the
ordinances of
the Village and
by law.
sus¬
Lima, Ohio
L
!
Plans Bond Issue
is being prepared by
the City Solicitor for the issuance
legislation
of
works
water
amounting
bonds
reservoir
$340,000.
to
submit
Passed—Resolutions
to
the
voters
the
at
election
$1,000,000
calling for an issue of sanitary
sewer construction bonds.
bonds were
improvement
passed recently by the
an
issue
of
street
Council.
City
Council
The
also
authorized the issuance of $25,000
Bond
Sale-~The
improvement
sale
on
were
to J.
Cincinnati,
street
A.
as
294—
p.
White
&
114 s, at par
the
15,
$1,000.
$1,000
These
June
on
Other bids
Dated
Denomination
1945.
bonds
15,
were as
are
1946
due
to 1963.
follows:
,
Interest
-,.JJ
Bidder—
■;
Rate
Provident Savings Bank.
First National Bank
Second National Bank
Premium
lVa%
$18.40
2
Botkins, Ohio
Bond
Offering—V.
H.
Village Clerk, will receive sealed
bids
**
until
for
Water
the
noon
(CWT)
purchase
works
bonds,
Aug.
of* $14,000
not
of
to
November
on
exceed¬
initial
taken
has
submit to
the voters at
election
an
issue
$2,000,000 school rehabilitation
bonds.
about
Bond
Ferry
Election
Canceled—It
Van
by
for July 31
on
the is¬
construction
bonds—v. 162, p. 60—was called
off, as the State Tax Commission
suance
of
$1,350,000
does not consider
gency
162, p. 183—also
following bids:
Rate
Isphording
-
that any emer¬
need exists.
lJ/4%
:
100.53
IVa%
100.23
iy*%
100.20;
1%%
100.10
1%%
Co., Inc
Co.
i
& Co
sued
in
which
carried
are
the
Nov.
to be is¬
installments, the first of
be $20,000.
is to
Ore
Sale—The $6,000 fire sta¬
equipment bonds offered
July 23—v. 162, p. 400
to
the
Curry
County Bank of Gold Beach. ) De¬
on
awarded
—were
nomination
-
$300.
These, bonds
due $300 from Jan. 1;
1965.
The
next
highest
1946? to
are
Chas.
was
N.
^bidder
Tripp Co.
Diet. No.
Bond
.
I
(P. O. Madras){-Ore.
Sale—The
$50,000; school
on July?23
400—were awatdedUo
bonds offered for sale
—v. 162, p.
Daugherty, Cole & Co., of'" Port¬
land.
Dated July 1, 1945. ' These
bonds are due on July 1, as fol¬
lows: $6,000 in 1946 to 1949, and
$6,500 in 1950 to 1953.
Thq.ngxt
highest bidder was Blyth & Co.
PENNSYLVANIA
■X,
Philadelphia School Districted?*.
Bond Sale—The $5,000,00G< per¬
manent
improvement. bondsLit)f4
.
fered for sale
on July 26—ylhl62,
295—were awarded to a syndi¬
cate composed of Drexel & Co., of
p.
Philadelphia, Harriman Ripley &
Co., Inc., Smith, Barney & Co.,
Kidder, Peabody & Co., aljt* of
New
York,
Mellon
Securities
Corp.,of
Pittsburgh,
Grdqam,
Parsons & Co., Yarnall & Qx, E.
W. Clark & Co., Biddle, Wh^l|n &
Co., all of Philadelphia, Merrill
Lynch, Pierce, Fenner & Bp'ane,
of New York, and W. H. Newbold's
Son &
Co., of Philadelphia, as
1^4s, at a price of 101.1399, a basis
of
about
1.16%.
Dated
1945. These bonds
1,
are
due
Aug.'!!,
oift'Ailg.
follows:. $209,000 in 1947Ho
1954, and: $208,000 in 1955 16 1370.
as
Other
vviri
bids, also'for lV4s:
Bidder
"Price^Bid
Halsey, Stuart & Co.,
,
First Boston
Corp.,
»j 0& '
Blair & Co., Inc.,
' \
gbcO- jl
A. Webster Dougherty & Co.^i
Stone & Webster and
Vio Iti
Blodget, Inc.,.
\
Goldman, Sachs & Co.,
E. H. Rollins & Sons,
Eastman, Dillon & Co.,
%
&
'
a
1
t.'SOR
Merle-Smith,
Hornblower & Weeks,
Illinois Co., Chisago,
oj
i
Central
Republic Co.,
Chicago,
Geo. B. Gibbons &
■
bm
•.
\bnr-l
Co., Inc., ^
First of Michigan Corp.,
41 > 5;
Thurston,
Kebbon, McCormick & Co.,'J>:>'\
City Clerk, will receive sealed
Moore. Leonard & Lynch,
bids until 7:30 p.m. on Aug. 15
for the purchase of the following! Mullaney, Ross & Co.,
-
Bioren
$25,000
Glover &
Lake
bonds.
Dam
Due
Improvement
$5,000 in 1948 to
'.
Water Filtration and
Equipment bonds.
Due $5,-
&
Co.,
v"*r
'
MacGregor, and
Dolphin & Co.,
jointly -
,.b>ii
:
100.909
55,000
iy4%
100.00
&
iy2%
105,000 Water Storage Distribu¬
tion
bonds.
Due $6,000 Un
1948
101.15
to
1963,
1964.
iy2%
100.82
township School District,
(P. O. Ravenna), Ohio
Other Bids—The $75,000 build¬
ing bonds awarded on July 9 to
Stranahan, Harris & Co., Inc. of
l%s, at a - price of
100.35, a basis of about 1.21%—v.
162, p. 295—also received the fol¬
lowing bids:
and
$9,000
in
Community Building
bonds.
Due $5,000 in 1948 to
20,000
-
1951.
5,000
V'
Sewer Plant Improvement
Due $1,000 in 1948 to
bonds.
1952.
70,000
,"r
•
Sewer
Y'.;
Extension
bonds.
lowest
bonds
will be
interest rate.
sold
on
Co.,
Chemical Bank & Trust Co..
York,
Lee
>
/
V:
Moncure Biddle & Co.,
\
k vc
>
Higginson Corp.,
Commerce Union Bank,
'
Nashville,
Co., and
Laurence M. Marks &
jointly
^ I
•
Brown Brothers Harriman
&
the
US'
York,
Paul H. Davis & Co.,
V';;
Due $5,000 in 1948 to 1962.
The
New
Bank,
York,
Bankers Trust
New
.
,
Stranahan, Harris
Chase National
New
f 000 in 1948 to 1958.
jointly
as
Rural
District,
Ardmore, Okla.
,
Portsmouth,
Toledo,
at
1944 and
OKLAHOMA
Bank of
Ravenna
Protection
Bond
Dick
bonds
election in
1952.
of Colum¬
bus, and National
Co., Inc
Fire
These
Ohio Co.,
&
Beach-Wedderburn
bonds amounting to $280,000:
Ryan, Sutherland
Kreimer
OREGON
Gc!d
fi
100.08
Braun, Bosworth &\
Assell,
bonds.
Bond Offering—L. M.
Jackson & Curtis
&
ordi¬
calling for the issuance of
,
Paine, Webber,
Passed—An
3%,
Price Bid
Lahr, Doll &
is
Wm. F. Wilson, Clerk
of the Board of Education, that
the
election
which
had
been
stated
1.14%—v.
Co.
School
District
(P. O. Martins Perry), Ohio
Martins
scheduled
Blanke,
Ohio
District,
Plans Bond Election—The Board
064,
June
School
of. Education
steps
basis of about 1.24%.
a
Pohl
Mansfield
Plus $5.15
premium, equal to 100.a
issued in
surfacing notes,
anticipation of bonds.
for
offered
bonds
July 20—v. 162,
awarded
Co. of
street
$8,000
at
Bidder
Lorain, Ohio
to
bonds awarded on July
Halsey, Stuart & Co., as l%s,
price of 100.679, a basis "of
18 to
,
School
tion is in circulation calling for an
issue
of
$20,000
improvement
semi-annual,
hospital
construction and equipment bonds
amounting to $375,000 was passed
recently
by
the
City. Council.
the
defense
received the
November
.
nance
Other Bids—The. $110,000 flood
Necessary
—
pension of rules, the City Council
passed
an
ordinance
recently,
Bellaire, Ohio
Ordinance
the Village.
Portsmouth, Ohio
Resolution
Passed—Under
election to be
an
held in November.
Beliefontaine, Ohio
Ordinance
the voters at
to
in 20
due
are
District, Okla.
Bond Issue Requested—A peti¬
bonds
300,000
Sale—The $12,000 street
construction and site purchase
Village Clerk, will receive sealed
bonds offered for
may bid for a different rate of in¬ improvement
bonds
bids until noon on Aug. 11 for the
terest in a multiple of Va of 1%. sale on July 13—v. 162, p. 294—
150.000
storm
sewer
system
purchase of $3,000 3% street im¬ No bids for less than
were awarded to The Ohio Co. of
:/■/ bonds
par and ac¬
provement bonds.
Denomination crued interest. Enclose a certi¬ Columbus, as 1V4S, at a price of
All these bonds are dated July
$1,000.
These - bonds
are
due fied check for
$50.00.
These 100.69, a basis of 1.12%. Dated
1, 1946. :
$1,000 on Jan. 1, 1947 to 1949. bonds were
originally offered for July 1, 1945. Denominations $1,Bidders may bid for a different
000 and $500.
These bonds are
sale on April 18.
Warren, Ohio
rate of interest in a multiple of
Bond Offering—B. M. Hillyer,
due on Sept. 1, from 1946 to 1955
Grove City, Ohio
of 1%.
The approving'opinion of
incl. The next highest bidder was City Auditor, will receive sealed
Bond
Squires, Sanders & Dempsey of
Ordinance
Passed—On Rvan, Sutherland & Co., for l^s, bids until 2 p.m. on Aug. 1, for
Cleveland, will be furnished. En¬ July 2 the Village Council passed at a price of 100.22.
the purchase of $65,000 refunding
close a certified check for $50.00. an ordinance calling for an issue
Bond Offering—Lester L. Brau- bonds, not exceeding 4 %. interest.
of $6,000 4% special assessment
Denomina¬
Beachwood (P. Q. Fair mount
cher, Village Clerk, will receive Dated Aug. 1, 1945.
street improvement bonds.
De¬ sealed bids until 1 p.m. (EWT) tions
$1,000 and $500.
These
Boulevard, Cleveland), Ohio
nominations $560, one for $960. on Aug. 10 for the
purchase of bonds are due $1;500 on May and
Bond
Call — B e n j a mi n
C. These bonds are due on Nov.
15, $10,000 3% second issue of 1945, Nov. 1, 1947, $4,000 May and Nov.
Bourne, Village : Clerk,: will ref as follows:
$560 in 1945 to 1953, general street improvement bonds. 1, 1948, $8,000 May and Nov. 1,
ceive. scaled tenders until noon .on'
and $960 in 1954.
Principal and Dated Aug. 1, 1945. Denomination 1949, $9,000 May and Nov. 1, 1950,
August 6 for the purchase of out¬
interest payable at the Grove City $1,000. These bonds are due $1,- and $10,000 May and flov. 1, 1951.
standing refunding bonds, / datedRate of interest to be in multiples
000 on Sept. 1, 1946 to 1955. Bid¬
Savings Bank, Grove City.
July 1, 1940.
The Sinking Fund
of Va of 1%.
ders may bid for a different rate
Enclose a certified
has accumulated more than $5,000
Lake wood, Ohio
of interest in a multiple of ^4 of check for 1 % of the amount bid,
over and
above the interest re¬
Bond
Election—An
issue
of
1%. No bid for less than par and payable to the City.
I
quirements
for
the
next
six $250,000
Veterans' Memorial accrued interest. Enclose a cer¬
months.
Each tender shall state
■. Wooster, Ohio
Building bonds will be submitted tified check for $500, payable to
on
Skiatock
12 the
City Council passed
ordinances calling for the follow¬
ing semi-annual bonds amounting
to $2,150,000, not exceeding 4%
interest, to be submitted to the
election
bonds
JeffersonCountyUnionHighSch.
Toledo, Ohio
July
building1 and
*1 ^ <v
,
for sale
Bond Issue Resolution Adopted
—The City
a
these
tion and
■
Springfield, Ohio',
voters.
to be held in November.
1,
1945.
Denomination
These bonds are due $300
All
years.
Board of Tax Appeals to approve
the issuance of $100,000 refunding
bonds.
community
site purchase bonds.
11, the City Council passed
requesting the State
July 2
Village Council received a $600,000 bath house and swimming
petition requesting that an issue
pool construction bonds
of
$30,000 municipal park and
100,000 bridge construction bonds
swimming pool bonds be submit¬
100,000 union depot plaza site
ted
ment bonds.
22,500
resolution
like amount of general
obligation bonds which have
tured
airport construction and
equipment bonds.
'
ut
12,500 street maintenance Equip¬
On
pay¬
Authority: Section 2293-5
to refund
—
following
$65,000
100.78
Passed
The
—
bonds
amounting to
$100,000, not exceeding 2% 'were
authorized by the voters at the
election held on July 24.
Savings
Bank
Cordell, Okla.
Voted
semi-annual
1 y2% 100.680
Provident
the
Clerk,
bids
White
$198,000
-
Aug. 15 for the purchase of $3,000
5% fire apparatus bonds.
Dated
OHIO
Bond
Village
10-mill
Bond Issue Petition—On
Offering—Leona
Bratton,
J. A.
adopted
■
Gratis, Ohio
ceive
fied check for 2% of bid.
construction
100.68
Bonds
Fox, Reusch & Co.
iy2% 100.91
Seasongood & Mayer iy2% 100.80
Ryan, Sutherland &
cinnati, will be furnished the
ber, 1944 election.
No bids for less than par and ac¬
interest.
outlet
iy2%
Peck, Shaffer & Williams of Cin¬
of
Vote—
par
Principal
chaser.
Issue
Payable from taxes to
than
ceived.
,
Legislation has been introduced
in the Village Council to place on
&
Co.
Rate
multiples of
able at the City Treasurer's office.
No conditional bids will be re¬
general
-V|
New
in
be
be levied within the
the
to
sealed
City Auditor, will receive
Va of 1%.
of
Gold water, Ohio
Rolla, N. D.
to
stitutional limitation.
Hall
Bosworth
100.13
noon
$6,000 in 1955 and 1956.
interest
est.
Memorial
Savings Bank- 1%%
Braun,
New
Bid
Auditor,
.
,
issue
An
—
War
voters
and oral bids until 2 p.m. on
of
Dover, Ohio
Bond
$6,000 in 1946 to 1949, and
$1,000 in 1950.
Beardsley,
and
less
bends are due on June 1, as fol¬
Bond Offering—A. R.
ordi¬
an
!
Rate
<
will receive
Salem, Ohio
< EWT) on
Bond Issuance Planned — City
Aug. 6 for the purchase of $16,000 refunding, bonds, not exceed¬ officials are making plans to issue
ing 4% interest. Dated Aug. 1, $250,000 water reservoir construc¬
tion mortgage bonds.
1945.
Denomination $1,000.
Due
Nov, 1, as follows: $4,000 in 1954,
Shaker Heights, Ohio
passed recently by the
was
City
sealed bids until
a
the
Village Council.
July 2, the
resolution
Ohio
:
Offering—James E. Mc¬
Bond
issue of $5,000 fire apparatus and equipment
to
.
Passed—An
a
New Boston,
Bradford, Ohio
calling for
passed
$16,500 fire truck purchase bonds.
Coy,
First
sewer
declaring the necessity of issuing
con¬
for, payable to the Vil¬
Ordinance
Council
of
cost.
check
bonds
crued
City
Bidders
'
Fohey, Clark & Co. iy2% 101.78
To Issue Bonds—On
10-mill
received.
be
special assessment
$63,500
Price
.
,
bonds.
Peck,
Shaffer & Williams of Cincinnati,
These
Dated June 1, 1945.
8 for the
to
No bids for less than
favorable
nance
July
21—v.
162, p. 399—were
awarded to the Allison-Williams
Co. of Minneapolis, as
13/4S, at
lows:
interest
and accrued interest.
par
—118.97
funding bonds offered for sale on
par.
Rate of
in multiples of Va of 1%. The
bonds are payable from taxes to
«'
•
:
July 2,
City Council passed resolu¬
tions calling for the issuance of
lage.
NORTH DAKOTA
Sold
to
Newark, Ohio
Resolutions Passed—On
the
be
bonds bid
Lynchburg, and
& Leach,
Birmingham, jointly:
Block No. 16
Bonds
1957
"
-
•
15, as follows:
$400 in 1947 to 1956, and $500 in
certified
& Mason,
Sterne, A gee
Hettinger
15,
and
will be furnished to the successful
.
Block No." 13
Scott, Horner
July
$500
Jan;
limitation.
12
17
19—
Block No.
$400. V Due
be
Birmingham:
Dated
Denominations
509
..
•
'"
—100.577
Co., '*
Municipal Bond Sales in June and for First
Northern Trust Co.,
Chicago,
Six Months of 1945
Lazard Freres & Co.,
Glore, Forgan & Co.,
Stroud & Co.,
the
Paine, Webber. Jackson &
Curtis,
v-yy,:,'v;Ty'
F. S. Moseley & Co.,
Oakland, Calif. Offer¬
ings for refunding purposes reached $7,792,500, leaving the amount
of strictly new capital borrowing at $42,565,790.
This is unques¬
tionably the largest proportion of the new issues brought m a single
month for sometime and reflects further evidence ot the growing
disposition among local public bodies to make financial provision
now for post-war improvements to municipal plant facilities and new
projects.
Pending the time when the funds can he employed .for
such purpose, borrowers are investing proceeds of bond issues in
United States Government securities.
While this procedure would
appear to be entirely without fault, there are*umple reasons for
L. F. Rothschild & Co.
Chas. E. Weigold & Co.,
Braun, Bosworth & Co., Inc.,
C. F. Childs & Co.,
Equitable Securities Corp.,
Field,. Richards & Co.,
Mackey, Dunn & Co.,
Newburger & Hano, and
Schmidt, Poole & Co.,
i
jointly
100.54
National City Bank,
New York,
Salomon Bros. & Hutzler,
R. W. Pressprich & Co.,
Union Securities Corp.,
New York,
Butcher & Sherrerd,
Coffin ,& Burr, and
100.50
holding a contrary view.
Not the least of objections that can
to attempt to
economic sphere.
Janney & Co., and
National Bronx Bank,
New
The
—
IVzS
$240,000,
following
other bids were submitted for the
f
York,
jointly,
For $1,260,000, Is, and
Pittsburgh, Pa,
—
i
m
Price
Pittsburgh,
Pittsburgh,
162,
Chase National Bank,
New York, and
Drexel & Co.,
for
p.
184—were awarded to the
Citizens
Southern
&
National
v
jointly,
For $1,500,000,
Is
100.351
T
T
jointly,
For $1,500,000, Is
,
Dated Aug. 1, 1945.
De¬
nomination $1,000.
These bonds
100.138
of 100.47.
as
1V4%
100.27
iy4%
100.14
100.05
100.677
bonds.
Enclose
$24,000 building
Denomination $1,000. Bid¬
name
a
of
the rate of interest.
certified check for $480.
(State of)
Fiscal Year Tax Revenues Up—
;
The
'
E. Lowber Stokes & Co.,
Cunningham & Co., and
S.
Fox, Reusch & Co.,
jointly,
For $1,500,000, 1.10s____ 100.649
Graham, Parsons & Co.,
Butcher & Sherrerd,
Paine, Webber, Jackson &
Curtis,
Mackey, Dunn & Co., and ;
Tripp & Co.,
jointly,
4
For $1,260,000, Is, and
$240,000, 2Y4s
100.127
•
State's
tax
revenues
totaled
$12,864,200 in the fiscal year just
ended, an increase of $1,517,495
over the
preceding fiscal year, ac¬
cording to a recent statement by
Roy A. Nord, State Director of
Taxation.
Largest
rise
occurred in the sales tax category,
which increased $934,219 to $4,897,437
for
the
year.
Biggest
single tax item was the motor fuel
levy of $5,658,740, compared with
single
$5,159,715 in the 1943-44 fiscal
Inspection, use, and license
fees brought total motor fuel col¬
lections to $5,797,280, the tax di¬
year.
i
J
i
1938
508,632,992
556,806,135
Y
S'S026
mS'398
29rS&°86
321m'!67
SnL'S5*
So'S
43?
ft7o
5 3
Temporary municipal financing during the month of June wa
relatively light, the grand total being only $12,987,000.
As for Canadian municipal financing, the output of
$832,500 ind'i
cates the degree of inactivity that marked this field
during June
United
No
States
Possession
financing
undertaken
was
in
recent month.
Below
v
furnish
we
comparison
a
of
all
obligations sold in June during the last five
1945 "
../■
Permanent
loan
(U.
♦Temporary loans
the
various
forms of
years:
1944
1943
1942
■
1941
$
$
31,454,008
50,947,363
12,987,000
15,545,000
47,389,490
832,500
(U. S.)-_
$
50,358,290
S.)
14,455,160
20,336,000 239,860,933 807,054
400
None
t
Npne
••
None
$
,
32,394,124
79,228,511
85 091 SIR
BlT^S
Canadian loans (permanent):
Canada.
Placed
in
Placed
in
U.. S
None
None
S.
Possessions
None
None
Bonds U.
_
Total
-
64,177,790
61,454,168
None
:
None
250,000
118,672,853 351,483,568
974,168,540
♦Includes temporary securities issued by New York City; none in June 1945 and
$33,000,000 in June, 1943; $32,000,000 in June, 1942, and $42,500,000 in Jurip
1944;
1941.
;Y
-■
...
Y
The number of
municipalities in the United States issuing per¬
manent bonds and the number of separate issues made
during June
were
172 and 181, respectively. V This contrasts with 137 and 149
for May.
t
*
>
For comparative purposes we give the following table,
showing
the aggregate bond sales for June and the six months for a series
of years.
In these figures temporary loans and bonds issued by
Canadian municipalities are excluded:
Month of
For the
Month of
Year—
June
1944
6 Months
$50,358,290
Year—
$446,135,026
-
1945
.'.
31,454,008
'
1943—50,947,363
1942
32,394,124
1941
85,091,518
1940
84,739,605
1939
273,343,713
1938
144,088,903
_
Following is
Page No.
6 Months
$556,806,135
,
1936
307,957,038
108,597,733 i* 614,446,413
64,735,885
600,010,462
115,126,622 Y 519,570,535
__
1935—_____
Y
For the
June
$112,050,839
.
1937
266,210,667
332,510,145
604,755,539
550,806,409
726,898,600
508,632,992
1934^_____
1933—.
1932
103,399,535
88,794,393
1931
120,611,52 1
528,469,540
851,188,436
1930
■
151,639,58 1
765,536,582
s 226,425,126
list of all of the issues sold during June:
a
Maturity
Rate
Name
Basis
Price
Amount
<•
'
60
Albany, N. Y.
Algona,
(2 issues)
Ohio
Ohio
Arden
Arlington,
S.
D.
.
1946-1969
1V4
0.74
30,000
100.90
0.84
100.47
0.86
18,750
1
__
101.07
350,000
2y2.
3, Del
Minn.
..
'
107.80
0.98
1Q0.12
83,000
'
Arthur,. 111.
2603
/
•
School Dist.,
—
2713
1946-1950
$80,000
1946-1955
1
Alliance,
2712
1
_
100.03
18,400
1946-1955
%
Iowa
Anderson Twp.
of
10,000
Aug. 7.
|Ji J
Bond
Mayor,
will
receive sealed bids
until 2 p.m. on Aug. 14 for the
purchase of $75,000 semi-annual,
City coupon bonds, not exceeding
Asheboro, N. C
various
1948-1985
375,000
100
Asheboro, N. C
2
1964-1967
rl5,000
100
11.92
61
on
Dresden, Tenn.
Offering—Lee Brasfield,
Bartlesville,
1949-1969
1,150,000
Belmar, N. J
1.10
1.60
iy4
1 ;
2%
1946-1955
150,000
1946-1975
175,000
35,000
100.004
100.02
100.78
I1'19
2714
2712
181
2713
2602
.
2602
56
These bonds
in 20 years.
Standard bond opin¬
2844
ion will be furnished by the City.
2842
are
due
Okla.
Bellevue, Ohio
Beloit, Kan.
Bensenville, 111
Bird Island, Minn
Blowing Rock, N. C
Blue Earth, Minn
Blue Earth, Minn
Bright Sta^? S. D. 6, Ark
Bristol, Tenn.
Bristol, Va.
2838
3% interest.
2843
;■
1946-1955
1948- 1973
35,000
100.17
1
1948- 1958
125,000
125,000
rd62,300
1,300,000
100.41
100.14
1
1958- 1967
»
1946- 1964
2J/4
various
1948- 1965
1948- 1965
1947-1957
1946-1966
50,000
Charleston,
Chaves
First
—
The
$2,000,000
10 to
awarded July
National
Bank
of
and associates, on a net cost
basis
of
1.0681%, as previously
reported in V. 162, p. 295, were
as
&
2604
2842
2713
2713
Price Bid
2838
Co.,
Mullaney, Ross & Co.,
Herman Bensdorf & Co.,
2602
Coahoma
184
Cochran
2600
Contra
2837
and
s
Contra
D.,
For
$200,000, 5y2s, and
$1,800,000, Is
100.00
(Net interest cost 1.069%.)
Costa
62
62
2839
jointly,
100.277
(Net interest cost 1.0828%.)
Co.,
New York,
Bankers Trust
Mercantile-Commerce Bank
& Trust
Co., St. Louis,
Salomon Bros. & Hutzler,
John Nuveen & Co., and
'■
W. R. Stephens Investment '
Co., jointly,
For $250,000, 5.20s, and
y-yv :
$1,750,000, Is
100.036
(Net interest cost 1.0954%.) *
Mellon Securities Corp.,
Pittsburgh,
D„
1946-1960
1946-1957
100.07
r70,000
1946-1956
20,000
100.14
100.33
1947-1979
330,000
100.85
1947-1965
375,000
100
S.
•
1947-1950
100,000
T5-l»/2
^
Concord
100.009
Walnut Yy'"*""' ; •
D., Calif
various
1946- 1964
162,000
100.004
1946- 1963
1946- 1955
v
1946- 1965
20,000
100.06
1946- 1950
180,000
100.13
3 y2
;
1946- 1952
1953- 1961
1948- 1965
1947- 1965
1948- 1965
1947- 1965
iy4
62
D.
1946-1950
1
1946-1961
820,000
1.10
1947-1956
Faribault Co., Ind. S. D.
Minn.
r339,000
.0 !•/.
Page 511
TTyYxyyh y
100.40
30,000
100.55
iy2.,
1948-1968
140,000
101.61
0.60
'
1946-1964
1946-1949
342,000
100.07
various
1948-1965
1961-1964
rd38,300
ii/4
1946-1950
r450,000
4
1946-1954
100.009
425,000
2»/4
96,000
-
Too"
114.61
131,
iy4
1946-1955
rl5,OO0
iy2
%
1947-1956
100,000
56
Fouke S.
2y4
1946-1961
*48,500
15, Ark
.M0
1%
Fergus Co., Mont
Fort Dodge, Iowa
D.
r.
20,000
57
on
101.53
7,500
1949-1965
Y._,
5,8
2602
1946-1950
I
60
r30,000
3
Ill
Erwin, Tenn.
Eudora S. D., Ark
Eveleth, Minn.
Forgo, N. Dak
56.
101.18
100.33
various
Emmettsburg, Iowa
Ephrata Municipal Borough
Authority, Pa.
N.
Y 100.28
48,000
rl43,000
r
5, 111
Tenn.
Minn.
Twp.,
1.44
1.33
1.24
0.70
Y d20,500
35,000
,35,000
;
1946-1955
2713
0.91
d70,000
3(4
Elizabethton,
Co.,
1.00
i'37
rd70,000
3y2..'
Edwards Co.
Erie
1.20
t. r40,000
3%
Springs, La
R.
40,000
iy4
0.75
D., Ohio—
62
2841
1.20
rd88,500
2
57 V
61
1.44
1.70
Co.,
l
180
1.63
70,000
East
Emma
98.62
100.36
100.59
195,000
Dearborn, Mich.
DeLeon, Texas
DeLeon, Texas
Denham Springs, La
Ely,
"
1946-1969
Stroudsburg S. D., Pa.__
Eddystone, Pa.
57
1-46
2*87
Sv-
Co.,
Texas
2840
;
100,000
57,000
1-10 years
Springs, La
2y2-2%
Denham Springs, La
2y2-2%
Denver City, Sligo Ind. S. D.,
.
100
17,000
150,000
1953-1962
Denham
2604
100
20,000
iy2
''.Y
Pleasant
Co.,
Calif
—
Costa
2839
2714
24,000
1946-1950
TOO.3 8
1946-1965
Calif.
Denham
2716
150,000
^various
Costa
2839
2839
$2,000,000, 1.10s
15,000
l
Miss
Texas
Danville Local S.
,
94,000
1948-1962
iy4
Corning Spec. S. D. 8, Ark.__I
Crook Co., County S. D., Ore._
61
2712
Newbold's Son & Co.,
S.
Creek
56
Co.,
Co.,
Contra
2714
Halsey, Stuart & Co.,
Bank,
Memphis, "
Blair & Co., Inc., and
First National
For
2837
1,04
2.25
7,500
1947-1965
l>/4
Clinton, Tenn.
182
Francis I. duPont &
W. H.
Va...:.,
: 1.55
70,000
Municipal School
Dist. No. 1, N. Mex.
;
various
Cheektowaga Union Free S. D. -Y
7, N. Y
!
Clay Co., Ill
2*1%
62
Higginson Corp.,
Spencer Trask & Co.,
B. J. Van Ingen & Co.,
Bullington-Schas & Co.,
jointly,
W.
0.99
Til
Co.
57
Lee
100
1949-1956
___
58
follows:
Bidders
2714
Chi¬
cago,
also bid for
2842
0.94
35,000
2602
bonds
100.01
100.003
99.68
100.27
100.000
1946-1957
2.74
'
<
1,250,000
100,000
2604
the
181
l'.OO
11,000
—Various
Co.,
Bids
Other
school
181
100
2%
Coffin & Burr,
Memphis, Tenn.
"
1946- 1956
2712
60
1.59 '
f
50,000
___
•
1,09
•
Bryan, Ohio
1 1
Bryan, Ohio
1.10
Calhoun City Con. S. D., Miss.
2V4
Calhoun Co., Miss
2'/4
Cambridge, Ohio
3(4
Canadian Co., Enterprise Con.
S. D. 55, Okla
iy4-l
Canaan S. D., Vt
:
l>/a
Carter Co. S. D. 21, Okla
Carteret Co., N. C.
2-3
Caswell Co., N. C
l3/4-iy2
Cass
Co.
Unorganized Terri¬
tory, Minn.
-iy2
Chariton, Iowa
l3/4
Chariton, La.
Continued
y
726,898,600
1937
2603
election to be held
an
rector said.
•)
I
-
Hill
Breen,
South Dakota
Rambo, Keen, Close &
Kerner,
No. 1, S. D.
Offering—E. H.
purchase
ders to
^
Co.,
Bond
the
■' ■ n- 1
&
OAKOTA
District Clerk, will receive sealed
bids until 8 p.m. on Aug. 2 for
MacGregor,
O'Gara
SOUTH
;
Sons,
Stroud & Co.,
Dolphin & Co.,
'
Rate Price Bid
Hurley Independent School District
jointly,
$1,500,000, 1.10s
>
were
follows:
100.099
For
E. H. Rollins &
issue
will be submitted to the voters at
Shields
Halsey, Stuart & Co. 1% %
Laurence M. Marks &
Co.,.
■':T
The other bidders
R. S. Dickson & Co.
Coffin & Burr, and
Alfred
Palmetto
a price
Milwaukee 'Co
Chicago,
•
was
Bidder
First National
Bank,
&
bidder
as
,
»,For $1,500,000, Is
Glover
1,
Bank, Laurens for iy4S, at
*
jointly,
Aug.
on
highest
Harris Trust & Savings
Bank, Chicago,
T.y y.T
First Boston Corp.,
F,,B Moseley & Co., and
Wisconsin Co., Milwaukee,
T
due
follows:
$5,000 in 1951; $10,000 in 1952 and
1953; $15,000 in 1954 and 1955;
and $20,000
in 1956.
The next
are
1939__
2837
1.10%.
Francis I. duPont &
Co.,
Newburger & Hano, and
R. H. Johnson &
Co.,
>
.
Bank, of Spartanburg, as l^s, at
a price of 101.26, a basis of about
Braun, Bosworth & Co., Inc.,
Hallgarten & Co.,
xu
Election—An
Bond
550,806,409
1940—*
2603
$15,000 street improvement bonds
332,510,145
604,755,539
"
_
Capital
S2I°ie
$227,726,000
209,705,640
151,193,581
104,256,478
283,143,885
243,661,683
110,585,647
70,760,728
129,730,865
266,210,667
1941
•
Slx
59
improvement bonds
sale on July 24—v.
road
offered
1943
1942—
2714
Woonsocket, S. D.
SOUTH CAROLINA
G,
Bankers Trust Co.,
New York,
307,957,038
•
mSs
y
Portion
$446,135,026
57
year.
TENNESSEE
Spartanburg County (P. O, Spar¬
tanburg), S. C.
Bond Sale—The $75,000 series
Mellon National Bank,
T:
previous
Total Amount
Period—
registration fees amounted
$127,965 under the 2% rate, a
decrease from the $166,746 of the
Halsey, Stuart & Co.,
Blair & Co., Inc.,
Bid
Mellon Securities Corp.,
1
a
:
.
Bidder
j
showed
report
to
public
Other bids:
.'
Auto
100.02
Eastman, Dillon & Co.,
improvement
bonds awarded July 19 to Harri- First of Michigan Corp., and
Mullaney, Ross & Co.,
man, Ripley & Co., Inc., and asso¬
jointly,
ciates, as Is, at 100.5297, a basis of
For $1,260,000, Is, and
about 0.938%.—V. 162, p. 400:
$240,000, 2s
100.051
$1,500,000
Nord's
Mr.
York,
B. J. Van Ingen & Co.,
Alex. Brown & Sons,
100.33
Bids
beZlTT"
be of interest:
may
1944
,.
...
.
,
$356,340 increase in liquor license
income, which totaled $1,305,525,
including a 10% gross tax item of
$1,054,210. Beer license revenues
were reported at $222,677 against
$189,228
the
year
before and
cigarette license produced income
of $46,867, compared with $34,742.
New
and
; i Other
.
.
National City Bank,
Phillips, Schmertz & Co.,
"4 jointly
v.:
>
since 1937
1845
as now
borrowings, it is pertinent
the first six monfhs of the
present year.
The picture is considerably different than was the
case
during the corresponding period of 1944.
The outstanding
change appears in the comparative totals of borrowings in the re¬
spective periods, the output for the first half of 1945 having, been
>$446 135 026, in contrast with disposals of no more than $307,957,038
in 1944' Then, too, we find that while $209,705,640 of last year's
total consisted of refunding issues, leaving new capital borrowings
at only $98,251,398, the comparable figures for the current year are
Rambo, Keen, Close &
"Kerner,
Harvey Fisk & Sons,
Campbell, Phelps & Co.,
Singer, Deane & Scribner,
J. R. Williston & Co.,
Hannahs, Ballin & Lee,
f
.
be cited is that some munic¬
ipal units may be inclined to assume indebtedness now for purposes
which may prove to be impractical when the time comes to actually
put the program into effect.
Then, too, there is the possibility that,
despite all precautions, the cost of a given improvement may prove
to very much greater than anticipated.
Overshadowing these and other disadvantages that could be cited
is the marked undesirability of casually mortgaging the future, par¬
to review the
Phelps, Fenn & Co.,
Hemphill, Noyes & Co.,
B. J. Van Ingen & Co.,
Stranahan, Harris & Co., Inc.,
Eldredge & Co.,
Charles Clark & Co.,
Bacon, Stevenson & Co.,
C. C. Collings & Co.,
'
award by the City of
Returning to the record of municipal
results of financing during
Lehman Bros.,
J5
an
when it is mountingly difficult
chart the future course of events, particularly in the
;
_.
of
ticularly in circumstances
Fahey, Clark & Co.,
jointly
months of each year
Long-term financing by States and local political units during
month of June amounted to $50,353,290,
with $15,754,000 of
the total consisting
<
30, 1945
$227,726,000 and $218,409,026, respectively.
Thus, it will
the bulk of the increase of approximately $140,000,000 in
bom
over the 1944 output was made in the new capital
category
The following record of municipal financing
during the fir
„
Blyth & Co.,
'
Monday, July
FINANCIAL CHRONICLE
THE COMMERCIAL &
'510
rl45,000 v
<
100.20
1.16
0.85
0.93
2.10
1.52
1.03
169
1.36
0.57
1.51
L25
1.24
1945
page
Frankfort, Ky.
Ind.
Ala.
Geary S. D., Okla
2840
2602
'62
09.026
!51,398
17.086
53,667
•11,654
[2837
[2837
44,726
112,953
,56
58
'72,264
60
'75,270
2844
2600
2842
[2604
[2843
City,
Johnson
S.
Laramie
Co.
Co.
Long
2711
2711
Los
2840
57
•
180
!
284.2
2837
S
:.
2837
2837
2837
2837
2713
59
.
2603
181
2715
2715
2844
Basis
57
0.74
56
0.84
| 2840
0.86
!
2716
100.01
1962~~
Too
rll3,000
100.22
100,000
100.05
0.58
100,000
101.18
100.13
1.22
100.08
1946-1951
r91,000
100.09
2,303,000
22,900
100.02
1.48
1946-1957
106.90
1.39
1946-1964
80,000
100.07
1946-1949
r85,000
1956-1965
100,000
1947-1953
15,000
,
L32
100.16
0.98
31/2
1957-1974
2.20
1969
45,000
103.50
rl,208,000
%■
100.07
300,000
2l/2
Dists.,
.
.59
i
2716
100.14
0.83
103
2.18
100.03
0.74
A.r
—V
1946-1965
d45,000
1948-1972
2.19
220,000
1946-1951
•
r40,000
|
IV2
2y4
._
1946-1950
T00T7
T.44
569,000
100.34
2.20
1946-1970
1%
-
28,517
273,000
1946-1960
County School
Districts, Calif. ...
1
Los Angeles Co., Bellflower S.
D., Calif.
l....,
1V2
Luxemburg, Miss.
Madison Co., Ida
Madison Co. S. D., Ill
3^4
Mangum, Okla.
Maricopa Co., Phoenix Union
H. S. D.,
Ariz
IVb
Maricopa Co. S. D. 8, Ariz.__various
Maricopa Co. S. D. 21, Ariz._various
Maricopa Co. S. D. 38, Ariz._various
Maricopa Co. S. D. 38, Ariz._various
Midland, Mich.
114
Miles City.^Mont. (2 issues)-.
1.20
Minot, N. Dak.
1
Morningside, Minn.
1 1
Myrtle Beach, S. C
214
Myrtle Beach, S. C
2%
1
Newport, Vt.
2,250,000
100.078
...
__.
—
North
Miami, Fla.—.'—.
3-3 V2
Oakland, Calif.
—..various
...
Ocean
75,000
100.83
59
275,000'
100.67
1.42
f
1.09
36,000
2-15 years
-
2711
1.59
56
1.19
l'.OO
_
—
—
2604
—
———
1948-1965
1946-1956
250,000
1946-1965
400,000
100.04
1946-1955
65,000
100.05
10,000
100.01
0.95
1950-1952
16,000
100.006
1.10
1946-1950
16,620
100.06
.
1.12
1947-1949
1.23
100.03
1946-1948
1.58
rl2,000
1949-1967
r72,000
1946-1984
— ——
r90,000
1946-1976
1.00
0.97
rl38,000
1946-1963
100
100.08
15,754,000
— —
100.06
_
.iT
—
0.99
•
j
_
100.
1.22
rl3,000
1947-1974
7,000
20 years
1947-1964
180,000
1946-1955
1946-1960
(1175,000
VA
2
1950-1968
1946-1955
rii-l
2838
2843
2.25
2603
59
2603
2604
1.46
'
58
1.63
1.70
1947-1965
r50,000
100.32
1,500,000
100.50
1.13
1947-1961
75,000
1950-1975
60,000
100.62
1.21
1%
1966
r52,000
100.15
1.74
25,000
100.07
Rutherford. Co.. N.
C
St. Louis Co., Moline S.
D.,.Mo.
St. Marys, Ohio___
/
1.60
l'/4
1946-1958
V/2-I3/*
1948-1965
60
1.20
35,000
1947-1956
183
80,
61
Orange
and
Maplewood
;.
•
100.77
10,000
100
3.23
rl9,000
100.65
0.83
200.000
100.11
2.47
1946-1975
,
12,721
•>:
1
1
N.
1947-1961
.
40,000
"1.10
1946-1950
19.000
100.15
1.05
1946-1951
r30,000
100.08
1.02
various
1946-1971
r210,000
100.01
2.96
.
1946-1950
of Oklahoma.
Veedersburg,
2837
Okla.
2715..
;
58
1947-1981
•150,000
1947-1979
58.
1.70
2,89
r911,500
1947-1953
Warreii'-- andJ'Btjerltng Twps.V
> rCon- -S. d:
1, Mich-.:_i—_l'/4-l
Washington Co. S. D. 48, Ore.
IVfe
Webster City... Iowa__
—1
Western Kentucky State
"
j
Teachers' College, Ky.———
West New
2.10
York; N. J
West Point; ;Miss.
IV2'
(2 issues).
Whatcom Co. Water Dist. No.
2601
100.01
101J63'
200,000
3
—————
Wallace;' Si Dak.—2%
61
j 275,000
1946-1965
;' 3
Ind.
0.88
103
35,000
1947-1965
234
Texas_—i%-l%
Vero Beach;
1.44
1948-1954
___
r2,000
:
1946-1950
—Ja.—'A.
-IT £>.;
50.000 '
1.07
100.08
>10,000
100.75
^>60,000
1946-1964
100.20
1.39
0.98
i
,
?713
181
2844
f
2,
2844
,
Wash.
'
Whitesboro,' Texas
58
Wright Co.
Ind.
•
bond
sales
for
T700.000
;
■
-
1.65
100.27
•,
100
v^44,009
TT
3
-
S.- D.
d 14,500
2.08
:
150
T
S
102.06
155
rl3,000
23,V| '&■
Minn.l'——,-.1..
Total
,
1958-1960
1946-1961
1947-1960
2
i03 r
rd24o;6oo
1946-1963
June
1946-1955
^
r32,000
100.15
V 0.98
••
municipalities
'
CANADIAN MUNICIPAL
•Page No.
184
Canada
Canada
184
2844
Cap
63
63
Name
I
'
"
Rate
de
«N. B.__
(Dominion of)
(Dominion
la
3-3 V2
to
i.
ISSUED
IN JUNE
-
Maturity
1946-1965
•-
$60,000
r'
Price
Basis
v.
.
/
*65,000,000
-
-
0.38
0.36
—
■'"■'•'l02,000
vote
issue
an
the
without
cost
bonds
by
to
the
him.
•;
$400, payable
Georgetown, Tex.
bonds
amounting
to
offered
162,
the
Sale
by
Details—It
is
now
County Treasurer
that the $100,000 hospital bonds
sold on June 30 as IV2S, at a price
of
100.59—v.
162, p. 184—were
purchased by B. V. Christie & Co.
by
Crummer
1941.
2s, at
price of
a
100.55,^
Texas
-
2V2% interest
at
the
Hidalgo
of
was
exceeding
favorably voted
on July
3.
election held
County
Water
Improve¬
District No. 3 (P. O. Edin¬
ment
burg), Tex.
$35,000
IV2 %
Refunding bonds.
April 10, as follows: $4,-
Due
Bonds Purchased
S'\*r
recently.
April 10, as follows: $30,1950, $15,000 in 1951,
and $25,000 in 1952.
in
Dated
Legality
Due
$166,refunding
approved
April
10,' 1945.
by
McCall,
Parkhurst & Crowe of Dallas.
5
.
Dated
April 10,
approved
by
W.
submit
$7,000,000 hospital bonds
circulated.
Dallas.
Nashville, ' v
Cmusej Bennett, Smith & - '•* ,<
Co., and Jack M. Bass- & Co.,
5 jointly,
For $250,000, 6s, and
■V $1,750,000,
1.10s
100.01
:
-.'Sy/--
Other Bids—The $2,300,000
va¬
rious improvement bonds award¬
Bond
tions
Houston, Texas
1945. Legality
P. Dumas,
of
(Net interest cost 1.1963 %•)
Blyth &-Co.,
Goldman, Sachs & Co.,
F. S. Moseley & Co.,
Eldredge & Co.,
-
Election
requesting
to
ed
Pending—Peti¬
election
an
the voters
issue
an
to
syndicate headed
by Phelps, Fenn & Co., New York,
on
a
bid
of
a
100.09
for
$2,200,000
H4s and $100,000 Is, a net cost of
1.2354%, also attracted the-bids
reported below.
A detailed ac¬
being
are
July 18 to
of
•
Denton, Tex.
Bond
structed
on
ordinance
sented
(Net interest cost 1.21395%.)
Co.,
Glore, Forgan & Co.,
E H. Rollins & Sons,
Stroud & Co.,
Scott, Horner & Mason,
Miller, Kenower & Co., and
M. A. Saunders & Co.,
jointly,
'
'
Fof $250,000, 6s, and
$1,750,000, 1.10s
100.00
(Net interest cost 1.2139%.)
to
—
Earl
was
V.
in¬
the
was
City
be
to
Northern
Commission
June 29, calling for an election
to submit to the voters the follow¬
exceeding
3%
amounting to $750,000:
$250,000
Due
100,000
■
sewage revenue
in 15 years.
street
bonds.
25
R. W.
in
400:
-Price Bid
Corp.,
Trust
Co.,
Pressprich & Co.,
Illinois Co.,
bonds.
S 1
Chicago,
i
Kebbon, McCormick & Co.,
Due
Cruttenden & Co., and
in
Neuhaus & Co., jointly,
years.
For
$2,200,000, iy4S, and
$100,000, 43As
100.001
power plant
Due in 25 years.
bonds.
-
appeared
E. H. Rollins & Sons
bonds
400,000 water and
______
award
Chicago,
improvement and
maintenance
p.
First Boston
pre¬
on
ing-not
162,
the
Bidder
June 18 to prepare an
which
of
count
Election
Sought
Coleman, City Attorney,
Lazard Freres &
City
of
Decides Against
-
(Net interest cost 1.3314%.)
Edinburg, Tex.
Purchase
Street
To Finance Water
chase—At
representatives have agreed upon
the major points of a new
20-year
franchise for the street railway,
tract for the purchase of the
City
water
system from the Central
1946-1965
rlOO.OOO
rioo.ooo
of city
Ont
3%
1965-1978
"
'
r400,000
' :
'
during
June
not included in above total,
$832,500.
r
.
...
Refunding bonds.
that
ment
reached
payment by
of its gross
the
was
company
of
on
6%
;
a
with
agree¬
exact
,
a
revenue
amount
of
been determined
bond
issue,
which
as
yet.
has
Chicago,
Mellon
Securities
Corp.,
Pittsburgh,
\
Graham, Parsons & Co.,
;
Milwaukee Co., Milwaukee,
Power
and
Light
Company
amounting to $297,500 was signed.
The City will finance its
purchase
purchase of the Memphis
Street Railway Company. Mayor
announced
System Pur¬
special meeting of the
City Commission on July 4 a con¬
thereby nullifying the possibility
1955-1964
70,500
First National Bank,
Railway System—The
City Commission and transit firm
1946-1954
"V: 99.65
103.75
'
The
—
00C
3%
semi-annual,
bonds were awarded to the Ranson-Davidson Co. of San Antonio,
in 1946 and 1947, $11,000
1948', and $16,000 in 1949.
70,000 l3/4% Refunding bonds.
000
in
000
of
at
tsar.
Denomina¬
Bonds Voted—An issue of $350,000 airport bonds, not
follow¬
Co.
&
Sept. 16,
Bank
1.45s,
Harrison County (P. O. Marshall),
County (P. O. Dallas), Tex.
Purchased—The
National
as
Dallas,
for
1.38%.
Bonds
sale on July
296—were awarded
The next highest bidder was dhe
Texas Bank & Trust Co.,
Dated
Dallas
p.
First
tion $1,000. These bonds are due
on
March
16, as follows: $1,000
in 1953 to 1965, and $2,000 in 1966.
the
about
^
for
Georgetown,
Dated
^
Sale—The $15,000 airport
bonds
County (Pi. O. Morton),
Bond
stated
cently
3V2
5-
anticipated that delivery can
Sept. 1, 1945. Enclose
Bond
of
Dallas:
3
1-20 years
sold
deliver
designated
20—v.
Cochran
Thomas, Brushe & Co.,
jointly,
For $1,580,000, iy4s, and
$420,000, Is
100.00
1
Amount
School
municipal bonds
will
bank
certified check for
a
ing refunding bonds amounting to
$105,000 have been purchased re¬
3!/2
'Temporary financing;
with
District, will
to the District.
to
100.006
Ont.______
Total Canadian
It is
April 15, 1945,
and due $10,000 on April 15 in
1946 to 1955, giving a basis of
Chandler
J
the
purchaser
$700,000.
of Houston.
Commission, 'Que.
Courtenay, B. C._-_
Scarborough Twp., Ont
Two.,
Scarborough Twp.,
The
-
BONDS
*65,000,000
of)
Madeleine
in¬
will
Chapman & Cutler of Chi¬
and
cago,
Texas
Scarborough
;
184
63
*-•
vCampbellton,
2844
,
-;
accrued
proposals
bonds
on
option.
of
The
,
covering 181 separate issues)—;
,-L--—
- k$50,358,290
*■
d Optional.
kNot including $12,987,000 temporary loans or funds obtained by
States and
municipalities from agencies of the Federal Government, a Refunding bonds.
and
par
Alternate
election in the
an
to
construction
"
(172
future
near
."
"l00.35
32,500
38,000
of
which
be effected
Cumberland Securities Corp.,
80,000
1
to
bid
approving
opinion of J. P. Gibson of Austin,
Independent
School
(P. O, Velasca),
ceedings to call
0.91
100.75
Mich..various
Y
Uvalde Ind. S. D.,
2838
0.88
42,000
246,000
2'/2
Okla.
University
2604
-
Miss
1.63
1946-1965
Taylor Co!,: Ky.__2%'
Texas Co.;
Straight ConirS. D. - ^
0.91
1.33
various
D.. N. J
Tarrytown,
58
?
137
Mex.__
1.12
100.10
.
1947-1963
Taft .Ind;. S. .D„ Texas—. 1V*
2713
„
N.
Sylva, N..C. .(2. issues)
2844
1.00
City,
100.83
250,000
.
on
regular meeting held in June, the
Blodget, Inc.,
Kean, Taylor & Co.,
Hemphill, Noyes & Co.,
R. S. Dickson & Co.,
Webster & Gibson,
Trust Co. of Georgia,
Atlanta, and
i ■
required
combination
their
furnish the printed
bonds, a copy
of the
proceedings, the
or
$4,000,000.
with
considered
year
Post¬
are
or
Board of Trustees authorized pro¬
Stone & Webster and
'
the
Tex.
Phelps, Fenn & Co.,
1V4
Vote—The
of
rate
rates
terest.
Bond Election Planned—-At the
(Net interest cost 1.1902%.)
Bros.,
100,000
Bidders
the
nearest
be
submission to the
issue of water bonds
to.
District
Lehman
1.21
2
South Nyack, N. Y._
Summit Twp. 6. D. 8.
58
'
1.314
Rochelle, 111.
Ross Twp., Pa.
South
2841
100.019
15 years
S.
1.20
0.97
Districts, Calif.
1-1 »/4
Roanoke Twp. H. S. D.
121, 111.
1%
Simpson Co.,
2841
100.13
the
an
Brazosport
For
-
'W
is
election may take place this fall.
Co.,
Mobile, jointly,
$250,000, 5s, and
$1,750,000, 1.10s
0~66
100.49
19
amounting
100.018
Bond
Directors
voters of
Memphis,, and
Riverside Co,, Riverside School
Silver
181
1.44
1.18
1950-1969
__._various
July
First National Bank,
r88,000
...
2841
100.26
25,000
1947-1965
Sandusky, Ohio
'..£Z
1
•"'
Seaboard, N. C
3-3 V4'
Shelbyville S. D. 195, 111.——
l3/4,
Sibley Co. Ind. S. D. 69, Minn.
1
2842
2712
2*87
Bank & Trust
two
Planning Board approved
war
Co.,
of
pay¬
less
hospital
terest.
Recommends
Union Planters National
1.00
Principal and interest
price of approximately, but not
than, par and accrued in¬
a
tuberculosis
interest to
lowest interest cost that will
bring
im¬
County Metropolitan Water
Antonio), Tex.
Board
New
17,
Sampson Co., S. C
2842
2~75
100
rll0,C00
;
D.
—
1.04
Too-"
rd546,900
250,000
___
Renville
2838
~1.18
87,000
Rapid City Ind. S. D., S. Dak.
1
Red Lake Co., Minn
l3/4-lV4
57
1.55
i"00~37
39.500
0.75
Bexar
& Trust Co.,
York,
Equitable Securities Corp.,
r215,000
.181
"l" 51
to
institution
Rate of
thorized at an election held on
June 29, by a vote of 76 to 28.
It
is the intention of the Board
of
Trustees to sell the bonds at-the
District (P. O. San
Chemical Bank
iiv.
<32,300,000
1
Ill
S.
1%.
TEXAS
(Net interest cost 1.18%.)
nnn
Ind.
amounting
1965.
multiples of one-eighth of
able at the place preferred
by the
purchaser.
These bonds were au¬
July
on
in
name
Chicago,
Co., Inc.
First of Michigan Corp.,
Illinois Co., Chicago,
Stern Bros. & Co.,
J. M, Dain & Co.,
Dempsey-Tegeler & Co., and
Gordon Meeks & Co.,
jointly,
For $320,000, 6s, and
$1,680,000, Is
100.027
100.07
41,000
rl8,000
2%
____
Co.
1963 to
be
bonds.
Northern Trust Co.,
Harriman Ripley &
1.12
•5U,v>UU
Minn.
state
100.074
(Net interest cost 1.177%.)
35,000
1946-1949
1946-1950
1948-1954
.
0.99
20,
the issuance of the
bonds
1,500,000
v
250,000
1V4
_J„_
2840
2.74
0.94
1947 to 1951, $500 in 1952 to
1955, $1,000 in 1956 to 1960, $2,000
in 1961 and
1962, and $1,000. in
provement bonds.
and
$1,020,000, Is, and
$980,000, iy4s
—
——
9,000
Miss.
Two.,
November
Funding Board met
$2,000,000
For
■
100,000
3
Okla
Randolnh
59
effective
following
$3,500,000:
jointly,
Utility
1, Wash
2601
1.92
in
21 to approve
A. G. Becker & Co.,
Leftwich & Ross,
J. C. Bradford &
0.86
1946-1965
2V2
Parkersburg, W. Va
;
Fershing Co., Nev
Picayune, Miss.
Picayune, Miss.
Pocahontas, Ark.
Pulaski Co., Pulaski Road
Impt. D:st. 10, Ark
Quincy, Mass.
2840
half
Tennessee (State of)
Approved—The
State
"
Portland.
—
1948-1955
—
2838
Si
a
and
of
;
(Net interest cost 1.157%.)
Harris Trust & Savings
Bank, Chicago,
First National Bank,
Miss.
N. Y.__—
Pa3cagoula,
any
Bond Issuance
Robinson-Humphrey Co.,
jointly,
For $250,000, 33As, and
$1,750,000, 1.10s
3.27
J:
•
0.98
100.348
and
Com¬
2V2
D..
two
re¬
in
'
Calif.
No.
wartime
as
expiration of the com¬
pany's present 50-year franchise.
Corp.,
Milwaukee Co., Milwaukee,
Angeles
Oologah S.
York,
soon
permit, ? and,
new
become
date
$200,000, 6s, and
$1,800,000, 1.10s
New
receive sealed bids until 8
p.m. on
July 31 for the purchase of $20,000 schoolhouse
bonds, not ex¬
ceeding
21/2%
interest.
Dated
Aug.
15,
1945.
Denominations
$1,000, $500 and $100.
Due Aug.
15, as follows: $5,500 in 1946, $100
contract, which awaits
approval in ordinance form, would
First Boston
TOO.42
as
within
The
(Net interest cost 1.154%.)
16,000
service
years."
Chase National Bank,
d50,000
IV2
Bank,
For
.
1948-1954
Branch, N. J—
Angeles County School
Dist.
61
event,
1.22
Offering—C. E. Brown,
Superintendent of Schools, will
possible"; and conver¬
remaining street car
strictions
1.08
"through
Texas
Bond
all
bus lines
'
H. W. Pressprich & Co., and
Braun,. Bosworth & Co., Inc.,
jointly,
T
'
0.89
12,600
1-26,000
of
Elgin Independent School
District,
routes "to electric coach or motor
100.085
£ New York,
r31,500
rd425,000
1948-1965
sion
National City
2,282
>
wherever
(Net interest cost 1.0993%<)
0.92
1946-1952
with
.
—
1.35
80,000
Service
.
Nashville, jointly,
$250,000, 5V2S, and
$1,750,000, Is
1.40
100.001
.
For
•
1946-1952
_________
Springs, Miss.—
Okanogan Co.
Public
-Nashville, and
r41,000
1946-1950
______—________
Districts,
2600
30,000
,,
1947-1966
Wyo
1,
Sup.
Beach,
Long
1946-1960
19i6-1957
Mich.....
Twp.,
issues)
Los
2.20
IV2
Lawrenceburg, Ky.
Lansing
59
100.55
2V2
_______
Lewiston, Pa.
2841
90,000
■:
1
S. D.
58
(2
1
1
Minn._
Y.___
N.
61
,
•1947-1972
•
Nashville Securities Co.,
No. R-400,
Lafayette, Ore.
City, Fla.......
Lake Champlain Bridge
Lincoln
1.39
lVi
Lake
mission,
181
*127
100.01
1948-1965
IV2
Tenn.____.___various
Co.,
D., Mo
Ladue
2839
T02"33
900,000
TT 8,500
'•
1947-1965
2713
2844
400,000
Estabrook & Co.,
1.15
511i
receipts to the city during the life
of the franchise, which is
expected
to net the city about
$325,000 a
year; replacement of shuttle bus
Paul H. Davis & Co.,
Commerce Union Bank,
2~90
100.02
1946-1950
-IV4
Koochiching
2841
10T90
1.10
S. D.
;Continued From Page 510
1.44
20.000
•
2V2
—...
Basis
r565,000
1948-1954
,r 1946-1950
....
Klickitat Co.
2840
27U
16p.11
33,500
400,000
Wash.
61
r50,000
0.60
—
Josephine Co. S. D. 32, Ore...
Kennett, Mo,
Kingfisher, Okla.
61
1946-1970
1946-1970
1
:
janesville, Minn.
Johnstown, Pa.
58
2844
^_varios
...
Humphrey S. D., Ark
Huntington, W. Va._
Indianapolis, Ind. ,i.L:
Ironton, Ohio
,56
1.40
..
Price
...
__
Hubbard, Ohio
[2842
[2604
lVL
1%
Hardeman
62
Amount
1846-1957
;
____
Hampstead S. D., N. H.—
Co., Texas
Hillsborough Co., Fla
Hollister,
Calif, .j—
Homer S. D., Mich..
Hornell,
N. - Y._
2713
Maturity,
..—various
<
__
—_—.2V*-3l/2
._——l'A-l
Granite Co. S. D. 11, Mont.__
2 V<
Greenville,"Miss.
,
.
IV2
Greenville, Tenn. _______i__various
Greenville Con. S. D., Ga.—i—
2 V4
27U
2604
ime
Rate'
Franklin,
Gadsden,
57
apital
Name
No
2839
six
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4407
Volume 162
that
rings
1
;
•
and
Louis B. Henry
Investments,
jointly,
the
not
L
For $2,300,000, lV2s
101.272
(Net interest cost 1.376%.)
*
Harriman Ripley
Mercantile-Commerce Bank
-
■
-f
:
'
i
& Trust
£;
Co., St. Louis,
I,ee Higginson Corp.,
W. E. Hutton & Co.,
Eldredge & Co.,
'
H. V. Sattley & Co.,
First National Bank,
i Minneapolis,
First National Bank, : Ct
♦
(
;
-p
'
pj,' .1"
Co., and "
McClung & Knickerbocker,
jointly,
SkS SPPppSPAp
For $1,000,000, iy4s, and
; $1,300,000,
IV2S
100.04
(Net interest cost; 1.385%.)
t
'
III
■,'pih
Kalsey, Stuart & Co., •
Blair & Co., Inc.,
Geo. B. Gibbons & Co., Inc.,
-I ::f
Hemphill, Noyes & Co.,
McDonald & Co.,
Bacon, Stevenson & Co.,
Fort Worth National Bank,
Fort Worth,
Co.,
District, Tex.
Purchased—An
of
of
issue
El
Paso,
100.18,
School
Redwater Independent
District, Tex.
Legality Approved—An issue
i
of
of
school
bonds
result
of
as
a
in
cause
lege maintenance bonds submitted
the voters at an election held
charges, that less than the sta¬
tutory -required>40% of eligible
on
July 14 were favorably voted.
t,:t" ',c.i
28
San Antonio, Tex.
$500,000, l%s,
Bond Election Planned—On
r
.
voters
whenthe
authorized.
were
it
in -the May
participated
election
The
bonds
opposition,
said, consists of voters in
was
Lazard Freres &
Co.,
Moseley & Co., ~
Ingen & Co.,
A. G. Becker & Co.,
Braun, Bosworth & Co., Inc.,
^
C. F. Childs & Co.,
r
Miller, Kenower & Co.,
Boettcher & Co.,
R. N. Eddleman & Co., and
R. J. Edwards, Inc.,
jointly,
For $1,700,000, IV2S, and
$600,000, iy4s
100.016
(Net interest cost 1.4371%.)
submission
the
recommended
to
F. S.
«
•i#
•*'
the voters of various improvement
B. J. Van
.
bonds
Los
Co.,
,v
;.V;
crued
-
.
Taft
L
■IS
(P.
Lubbock School
District, Tex.
Bond Election
Board of Education is
I
the voters
bonds in
000,000
it
election
to
f t.
iJr
submit
$1,500,000.
$1,-
If
ap¬
Independent School
District, Tex.
Bond Offering—Frank
Monroe,
Acting Superintendent of Schools,
Pi
4
i'
>"»
will
h.
000
itw
are
Bidders
.
terest.
¥
¥
¥
due
to
bids
bonds.
Bonds
,
1%%
the rate
bonds
were
R.
of
These
bonds
revenue
awarded
Dated
are
are
re¬
Bank
&
;
in¬
optional
%
basis
of
were
follows:
Price Bid
Union*
V.
1.23%.
about
as
Trust
Co.,
Associate,
and
iy4s
Co., and R.
State
Trust
$75,000
Securities
Dewar, Robertson & Pan-
1,
1945.
June
on any
inter¬
J.
legality
-
Authority
&
Co.,
furnished
The
be
will
furnish
u
blank
and
$4,815,000 outstanding
Washington
Toll
Bridge
Lake
Revenue bonds.
fied
check
Enclose
for
a
certi¬
$120,000.
201
(P.
Bond
County
sealed
11
O.
until
the
building
will
10
a.m.
purchase
bonds,
interest.
S.
of
receive
Aug.
$100,000
on
exceeding
Sept. 1, 1945.
Denomination $100 or any mul¬
tiple thereof and no bond to ex¬
ceed
the
bonds
amount
to
of
for
run
$500.
Said
period of 20
payable serially; in their
numerical order, lowest numbers
first, the various annual matur¬
a
years,
of
the
to
said
bonds
second
to
commence
after
year
be in such amounts
as
practicable)
ing
date,
(as nearly
together
will,
as
the outstand¬
on
bonds,
be met by an equal
levy for the payment
of said bonds, and interest.
Said
tax
annual
tax levies for the payment of said
bonds and said interest shall be
of the tax limita¬
excess
contained
in
Article
7, Sec¬
2, of the State Constitution,
tion
the "40- mill tax limita¬
as
tion law."
The District shall have
option
additional
of
redeeming
bonds
on
any
paying date after five
the
date
of
any
interest
years
the
interest
chase
price
at
For
notice
issued under date of July 20, E.
C. Manning, Treasurer of Alberta,
requests
that creditors of - the
Province accept provisions of the
debt
reorganization offer dated
July 16 last, and implement such
approval by depositing their hold¬
ings, accompanied by the appro¬
priate Letter of Acceptance and
Transmittal^ at any of the follow^
ing places: *
:, ,
h
(a) at the principal office of the
Imperial Bank .-of Canada in any
of the Cities of Montreal, Toronto,
Winnipeg,
Edmonton
or
Van¬
couver,
in
the
Dominion
of
der Refunding
said
bonds
.
the
rate
they will
or
any
of
pur¬
part
of
them; the price must be at least
Enclose
a
certified
check
for 5%.
at The Bank
of The Man¬
Wall St., New
(b)
York, N. Y.
(c) at Lloyd's Bank Limited, 72
Lombard
3, London,
England.
of
exchange offer
and the appropriate Letter of Ac¬
ceptance and Transmittal may be
obtained at the offices of any of
Copies
the
the above-mentioned
depositaries;
of the paying
at the offices of any
Alberta securities, or
application to the Provincial
agents for
upon
Treasurer's office.
Mr.
the fact that the Province has
re¬
served the
right to withdraw the
time after Sept. 1,
1945. Under the provisions of the
plan, holders of securities which
at
any
following
bonds amounting to $150,000 were
favorably voted at an election
be
direct
obliga¬
City.
to be
are
penditures^
The purposes
proceeds of the;
used, together with
authorizing the
ex¬
were approved by the
taxpayers r in - December,
Legality /approved by
1944
Toronto.
NEW BRUNSWICK
New Brunswick (Province
of)
Bonds Publicly Offered—An is¬
sue of $6,000,000 3%
semi-annual,
refunding and improvement de¬
bentures
are
being offered for
sale by a syndicate headed by the
Dominion
Securities Corp., and
Bell, Gouinlock & Co., both of To¬
ronto.
The
and
issue is
due
on
dated July 1,
July
1, 1959.
Principal and interest (J-J) pay¬
able
in lawful money of Canada
ih the Cities of Halifax, Charlottetown,
Saint
John,' Fredericton,
Montreal, Toronto, Winnipeg, Regina, Calgary or Vancouver, at the
option of the holder. Redeemable
at the
option of the Province,
whole but not in
a
1,
1957,
part,
on
as
July
on any interest pay¬
thereafter, upon at least
30 days' prior notice, at 100% of
principal amount together with
or
ment date
accrued interest to the date fixed
Coupon
redemption.
deben¬
tures in denominations of $500
and
$1,000 with provision for registra¬
tion as to principal.
The
authorizing
Order - in provide for an an¬
nual sinking fund of a sum equal
to l% of the principal amount of
Council
will
on
or prior to June
15,
1945, will receive in cash • the
the issue.1 Legal opinion of Daly,
principal amount
of
securities
Thistle, Judson & McTaggart of
surrendered, together with cash
Toronto.
'
adjustment- on account of unpaid
The underwriting group is reoffering the loan for public sub¬
ing subsequent tb June 15, 1945, scription at a price of 98.75 and
creditors will receive an equal accrued interest, yielding 3.11%.
and accrued-interest.
In the
case
of securities matur¬
principal amount of
new
3 V2 % re¬
In
addition
Secur¬
Dominion
to
funding obligations, together with ities Corp., and Bell, Gouinlock &
an
adjustment in respect of ac¬ Co., the group includes the follow¬
crued and unpaid interest and in
ing:
Wood, Gundy & Company, Mc¬
respect of contract interest rates
carried in the original indebted¬
to
ness
future
maturity
Leod, Young, Weir & Company,
call A. E. Ames & Co., Mills, Spence &
or
dates.: The total adjustment is to
be
paid partly in cash and partly
non-interest
bearing instru¬
ments maturing from 1946 to
1950
in
inclusive.
Co., Eastern Securities Company,
Cochran Murray & Co., T. M. Bell
&
Company,
Company.
by the Dominion
and
of
the Bond
Protective
and
It
is
for
expected
Great
that
the
syndicate
composed
of
Mills, Spence & Co., Bell, Gouinlock & Co.,
McLeod, Young, Weir
Co.
all
&
of
Toronto,
-Burns,
of
and
-
(P-
O.
Barra11,
Offering—S.
tions
$1,000
and $500.
These
due on Aug. 31,; as fol¬
are
$6,000
in
1946.
$6,500 in
$7,000 in 1949 and
1950, $7,500 in 1951 to 1953, $8,000
in 1954, $8,500 in 1955 to 1957,
$9,000 in 1958. and $9,500 in 1959
1947 and 1948,
Debentures Purchased—The fol¬
lowing debentures amounting to
$5,000,000 were awarded on July
a
Bond
lows:
Vancouver, B. C.
Townshio
Clerk-Treasurer, will receive seal¬
ed bids until 2 p.m. on Auff. 1«»
for the purchase of $117,000 3 /2%
schoolhouse
bonds. / Denomina¬
bonds
BRITISH COLUMBIA
to
&
Etobicoke), Ont.
Committee,
Stock Holders
Committee
offer, in turn, will be readily ap¬
proved by individual creditors.
10
Brennan
J.
ONTARIO
Etobicoke
Canada, the
Bondholders
Britain.
F.
'
Terms of the debt
reorganiza¬
tion proeram have been
approved
Alberta
Mc-
Vancouver:
Improvement.
Due
Aug. 1, $133,000 in
1946, and
$138,000 in 1947. <
287,000 2V2% Improvement. Due
Aug. 1, $142,000 in
1948, and
$145,000 in 1949.
•
"■ •
•
Daly
Thistle, Judson, & McTaggart of-
for
Manning calls attention to
the
the^ by-laws
and
1960.
Principal and
payable in Canada only.
a
certified check for 5%,
to the
•"
$271,000 2%
Luxemburg. Wis.
held recently:
Street, E.C.
lawful
Victoria
will
of
1945
hattan Company, 40
&
Voted—The
a
Canada.
Mahon
WISCONSIN
Bonds
Offer— In
payable in
Canada in
of
which: the
issue
Requests Deposit of Bonds Un¬
from
Principal
County
Bidders wiil
and
which
of)
Alberta (Province
*
the bonds.
office.
tions
for
.
Principal
interest
bentures
and interest payable at the
Treasurer's
and
Vancouver, Edmonton, Winnipeg
Toronto, Montreal, or Halifax. £
the opinion of counsel, these
de¬
matured
Cole;
not
Dated
,
.
ALBERTA
offer
Wash.
C.
—
Treasurer,
bids
for
6%
Yakima),
Offering
..
CANADA
retire
100.00
$30,000,
$50,000,
2s
^
(non-callable)
100.01
and
will
printing.
The proceeds of said
issue,
together
with
available
funds, will be used to redeem
par.
Wright & Co., For
$40,000, 2s, and $40,000, l%s (non-callable)
_100.03
l%s,
pre¬
bonds and also pay for the cost of
L.
Russ
be
the purchaser without cost.
name
coast, For $10,000, 3/4s,
$20,000, iy2s, and $50,000,
2s (callable)
to
as
the
Co.,
Dallas, and E. J. Roe & :
Co., jointly, For $30,000,
iy2s, and $50,000, l%s,
(non-callable)
100.11
Columbian
will
bonds
by Chapman & Cutler of
Chicago, whose approving opinion
known
_100.00
&
said
pared
tion
100.00
—
Bank
of
made in
$80,000, iy2S (non-call¬
Texas
re¬
are
with the interest
Bank,
callable)
able)
revenue
* Dated
bonds.
Bidders
with
(non100.109
Rotan
Bridge
Sept. 1,
required to
submit a bid specifying the rate of
interest
and
premium,, if any,
above par at which said bidder
will purchase said
bonds.
The
proceedings authorizing the issu¬
1945.
ities
Sinton, For $40,000, iy4s,
and $40,000, iy2S
(non-
For
years.
of
a
Toll
funding
Yakima County School District No.
& Co., of Houston,
associates, at a price of
Commercial
refunding
on
Secretary, will receive sealed bids
10 a.m. on July 28 for the
purchase of $4,750,000 Lake Wash¬
Trust
Eddleman
&
Co.,
jointly. For $50,000, IV2S,
and $30,000,
iy4s (non- callable)
100.01
recently to
June
due
%
IP
be
N.
until
1,
as follows:
$10,000 in 1946 to 1951,
$3,000 in 1952. and $4,000 in 1953
to 1955. Bonds maturing in 1951
to 1955
will
645.
Sept. 1, 1945, at the
$80,000
callable)
Phillips Investment Co.
Houston.
to
Corp., San Antonio, For
$80,000, l3/4s, (callable)-100.09
Palestine, Tex.
Purchased—The
the J.
on
305
bonds
Hanover
Dallas,
■.;/'/
water
said
For
..
.
of
numbers
Bidder
These
serially in 20
name
.
♦f-
*1-
¥
sealed
schoolhouse
bonds
of
Dallas
August 7 for the purchase of $325,-
•
K
V.
receive
each
on
Other bidders
to
Midland
-
'
Independent School District,
Geo.
proved, the election will be held
within the next 60 to 90
days.
'
premium of
a
refunding
also, as
100.066,
considering
amount between
and
,
interest, plus
Abercrombie
issue of construction
an
an
announced
Co., of Dallas, as iy4s—v. 161, p.
2844—were
awarded
to
Lovett
Considered—The
an
has
cently to the Dallas Union Trust
100.10
;
Washington Toll Bridge Authority
(P. O. Olympia), Wash.
Bond. Offering—J.
W. Hoover
ance
Kientz,
Bond Sale Details—The $80,000
house bonds awarded re¬
Angeles Heights Independent
calling
some¬
school
School District
Mead unit.
TeX'
submitted to the voters at an
election to be held on
August 11.
■/
n—The
Co., New York City.
Weigold & Co.,
O. Los
Angeles), Tex.
Bond Election—An issue of
$55,000
construction bonds will be
:4H
Secretary,
Central
(Net interest cost 1.5717%.)
:;r i*
dissever: the.
ington
0
Call—Elizabeth
purchased
Co.,
jointly,
For $2,200,000, iy2s, and
$100,000 5s
-
t i
July 19 ap¬
issue of school purpose
amounting to $2,186,000 to
Each
Dallas, and
l.'iH
an
e c
on
bond,
$341,000
bonds, series of
1944, in de¬
nomination of $1,000.".The bonds
Chas. B. White &
.
E 1
the City has exercised
its
option to repurchase on Sept. 1,
1945, at a price of par and ac¬
Trust Co., Kansas
City,
Dallas Union Trust
Co.,
:~i
-!y
proved
consist
City National Bank &
J
District, Tex. /
Bond
1944, dated March 1,
Blodget, Inc.,
Chas. E.
~
School
Indpendent
Board of Directors
3%%
Salomon Bros. & Hutzler,
Estabrook & Co.,
IV'
\
Plans
$45.00
v
Stone & Webster and
i
;
Antonio
that
Co., jointly,
For $1,800,000,
lV2s, and
$500,000, iy4s
100.039
Paul H. Davis &
also approved by
were
sometime to
district from the
until
San
City
Bros.,
Glore, Forgan & Co.,
•>V'.
to
San Benito, Tex.
(Net interest cost 1.438%.)
.
amounting
the Board.
Bond
Lehman
(i lr,
$1,750,000
bonds
time this Fall.
Geo. V. Rotan
<
City-County
proposed
.
and
1:
The
000.
auditorium
be submitted to the voters
.
Equitable Securities Corp.,
Coffin & Burr,
Martin, Burns & Corbett,
P
been endeavoring for
bond issues amounting to $6,980,-
Smith, Barney & Co.,
Goldman, Sachs & Co.,
First of Michigan Corp.,
life
the Whitworth District who have
.
in
1969, and $288,000 in 1970.
Dated Aug. 1, 1945.
Denomina-'
tions $1,000 and $500.
money
July 17;
days
20
$400,000 col¬
Bonds Voted—The
V
result of an election held on
a
why the injunction should not be
made permanent.
Opponents of
the issue; contend, among other
T exi
$279,000
improvement bonds will be issued
as
with the
financing. County and school dis¬
trict officials were ordered by the
officials from proceeding
to- show
000 in 1966,
$262,000 in 1967
$271,000 in 1968,
$1,-
to
(P. O. Durand), Wis.
Bonds Voted—The $30,000 road
restraining
order
-court
porary
called off
was
amounting
Waterville
the issuance'of a tem¬
-
■*
$133
750,000.
July 6 of $85,000
on
bonds
enue
District, Wash.
Sale Enjoined—The pro¬
sale
posed
court
Angelo Junior College District,
San
$100,000,J 5s
100.024" July 19 the Board of Directors of
the
Post-war : Planning
Board
(Net interest cost 1.3903%.)
•
-
000%
15,000
sewage
plant
general
obligation, not exceeding 2%.
School
Bond
:
$22,000 3% series of 1945,* refund¬
ing bonds has been approved as
to legality by W. P. Dumas, of
Dallas.
These bonds are dated
McDonald, Moore & Co.,
t
jointly, /
$
and'
1965,' $255!!
April 10. 1945.
.
! $1,700,000^ 1 y4s, and
^ S
5°'
4,143,000
3V2% i
Improvement
Due Aug.
1, $157,000 in 19?o I
$163,000 in 1953, $169
1954, $173,000 in
1955,
interest."
Schwarts,
at a price of
2s,
as
basis
a
Mead
to
For
296—were
p..
awarded to Mr. Manuel
hurst & Crowe of Dallas.
C. Edgar Honnold, and.
•
25—v. -162,
sewage
disposal plant
mortgage, not exceeding 3%
Dim
Aug. 1, $146,000 in 19^0
-$153,000 in 1951.
:
60,000
on
^Improvement.
'
'
'
000 in
about 1.98%.
1956, $188,000 in
f
next
highest
bidder was
$12,000 refunding bonds was pur¬ The
$195,000 in 1958, $200
V
~ Milwaukee, Wis.. \
*•
000 in
chased recently by R. A. Under¬ Texas Bank & Trust Co., Dallas,
f
1959, $210,000 in
Bond
Issue
Authorized — On
1960, $215
wood & Co. of Dallas, as 2y4s and for 2 y4s.
;
000 in 1961, $224,000
in 19(50"
July 18 Governor Goodland signed
2y>s. Dated April 1, 1945. Legal¬
•:;f $230,000 in 1963, $237 000 in
a
bill authorizing the Common
ity approved by McCall, ParkWASHINGTON
'1964 $244,000 in
Council to issue auditorium rev¬
Bonds
.
Bittmar &
Independent School
Pinto
terest#
school-
offered for sale
bonds
299,000 3%
$75,000 water works plant mort;
gage, not exceeding 3% < in¬
•
,
Sale—The $35,000
Bond
house
'
-,
V
J. M. Dain &
i
Texas
...
July
Palo
i St. Paul,
M
interest
National
1, 1950. > Principal and
payable at
the y First
Bank, Houston.
Independent School Dist.
Ysleta
paying date on or after June
est
& Co., Inc.,
Blyth & Co.,
Monday, July 30,
l945
FINANCIAL CHRONICLE
THE COMMERCIAL &
512
interest
Enclose
payable
Township Treasurer.
"
Fort William,
Bonds
Ont.
Purchased—An
issue 0
$73,084/ 3%. improvement bonds
was
purchased recently By in
Bank of Montreal of Montreal, a
a
price
of
due
on
are
100.70.
These
July 1, 1946 to
bonds
197u.
@FedFRASER